Charity registration number.. 1188248 Warwick School Memorial Endowment Fund Annual Report and Financial Slalemenls for the Year Ended 31 March 2025 Warwlck School Memorlal Endowment Fund Contents {continued) Reference and Administrative Detai58 Trustees, Report 2to3 Slaloment of Trustees. Responsibilities Independent Examiner's Report stalgment of Financial Adivities Balance Sheet Notes to the Financial Statements 8t012 Warwick School Memorial Endowment Fund Reference and Admlnistrative Details Trustees M L Harwood J Wwilson G A Hawkesford R H Thornton ARLock M E Bamwell 1188248 Charlty Rgglstratlon Numbar Prlncipal Office clo Blythe Liggins LLP Edmund Hous9 Rugby Road Leaminglon Spa Warwickshire CV32 6EL Ballards LLP Oakmoore Court 11c Kingswood Road Hampton Lovett Droitwich WR9 OQH Indepgndent Examin•r Page 1 Warwick School Memorlal Endowment Fund Trustees, Report The trustees present tho annual report together wth the financial $lalemenls of the charity for the year gnded 31 March 2025. Objectlves and actlvltlos ObjKts and aims The aim of the organisation is to support Warwick School. The %hool head provide8 recommendations lo the trustees wlh details of projects that the school would like the Charity lo support. The unconflicled trustees then consider which of those projects lo support and discuss other considerations. Public benefit The trustees confimi that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to tho public benefit guidance published by the Charity Commission for England and Wales. Achievements and perfornianco structur9* govemanco and mat)ag&mgnt Nature ofgovernlng document The Charity is governed by a Trust Deed dated 12th September 1948 and was registered with the Charity Commissioners (No. 11882481 on th8 28th February 2020. The induction process for a new Trustee is as follows. A Trustee will meet with the new Trustee lo explain all aspects of the Charrty and to provide all relevant infomalion regarding ((. The Trustees wll write to the new Trustee wlh a copy of the Trust Deed goveming the Charity and a copy of the last sel of accounts and Annual Review. The Trustees will a130 provide all ossislance and information necessary for the new Trustee lo become familiar with the activities of the Charity, including guidance available from the Charty Commission. Page 2 Warwlck School Memorlal Endowment Fund Trustees, Roport (Continued) The annual report was approved by the trustees of the charity on behaw by.. and signed on rts MLH Tru Trustee Page 3 Warwick School Memorial Endowment Fund statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report arbd the financial slatemenl$ in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice} and applicable law and regulations. The law applicable lo charities requires the trustees lo prepare financial stalgmenls for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resc)urcès of the charity for that period. In preparing these financial statements. the trustees are required to.. select 8uilable accounting policies and then apply them consistently., observe the methods and principles in the Charf(ies SORP., make judgements and eslimales that are reasonable and prudent., stale whethèr applicable accounting standards have been followgd, subject to any material departures disclosed and explained in the financial slalemenls," and prepare the financial statements on the going concgm basis unless (t is inappropriate lo presume that the Charity will continue in business. The Iruslees a￿ responsible for keeping proper accounting re￿rdS that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports} Regulation3 2008, and Ihg provisions of the constitution. The Iruslees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the mainlgnance and integrty of the corporalg and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial stslements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on lJ/......l>ts and signed on its behaw by.. MLH Trust Trustee Page 4 Warwick School Memorial Endowment Fund Independent Examiner's Report to the trustees of Warwlck School Memorlal Endowment Fund I report lo the Iruslees on my examination of the a¢￿Unts of Warwck School Memorial Endowment Fund for the year ended 31 Ma￿h 2025. Responslbilities and basis of r&port As the charity Iruslees of wa￿l¢k School Memorial Endowment Fund you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respect of my examination of the wa￿lek School Memorial Endowment Fund's accounts Carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charty Commission under section 145ISllbl of the Act. Independgnl gxamlnerfs ststement I have completed my examination. I confirm that no material matters have come lo my attention in connection wf(h the examination giving me cause to believe that in any material respect.. 1. accounting TecoTds were not kept in respect of Warwck School Memorial Endowment Fund as required by section 130 of the Act,. or 2. the accounts do not accord with those records,. or 3. the acwunls do not comply with the accounting requirements ¢oneeming the fom) and conlenl of a¢counls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gwe a 'true and fair view which is not a matter considered as Part of an independent examination. I have no concems and have come across no other matters in connection wlh the examination to which attention should be drawn in thi5 report in order to enablè a proper understsnding of the a¢counls lo be reached. M A Skellum FCA B8llards LLP Oakmoore Court 11¢ Kingswood Road Hampton Lovett Droitwich WR9 OQH Dale.. Page 5 Warwick School Memorial Endowment Fund Statement of Financial Activities for the Year Ended 31 March 2025 Endowment fund$ Total 2025 Note Income and Endowments from: Investment income 33,807 33.807 Total income 33,807 33,807 Expendlture on: Charitable adivilies 13,175 13,175 Total expendilurg 13,175 13,175 Net income 20,632 20,632 Nel movement in funds 20,632 20,632 Reconclllatlon of funds Total funds brought fO￿ard 323,040 343,672 Endowment funds 323,040 Total funds ¢arried foward 11 343,672 Total 2024 Note Income and Endowments from: Investment income 33,795 33,795 Total income 33,795 33,79S Expendlture on: Charitable activities 9,600 19,6001 Total expenditure 19,6001 9,600 Net income 24,195 24,195 Net movement in funds 24,195 24.195 Reconclllatlon of funds Total funds brought forward Total funds carried forward 298,845 323,040 298,845 11 323,040 All of the charty's activrties derive from continuing operations during the above ￿ periLYIs. The funds breakdown for 2024 is shown in note 11. The notes on pages 8 10 12 fomi an integral part of these financial statements. Page 6 Warwick School Memorial Endowment Fund {Registration number: 1188248) Balance Sheot as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 151,323 151,323 Current assets Debtors Cash al bank and in hand 218,400 34,150 184,800 46,977 252,550 231,777 Crèdltors: Amounts falllng due withln one year Net ¢UTrent assets 10 60,2011 60,060 192,349 171,717 Net assets 343,672 323,040 Funds ofthg charlty: Endovmient funds 343,672 343,672 323,040 Total funds 323,040 ancial statements on pages 6 10 12 were approved by the trustees, and aulhorised for issue on and signed on their behalf by.. Tru Trustee The notes on pages 8 to 12 fom an integral part of these financial slalemenls. Page 7 Warwick School Memorial Endowment Fund Notes to the Flnanclal Statements for th8 Year Ended 31 March 2025 1 A¢¢ountlng pollcles Statem&nt of Complianc The financial statements have been prepared in a¢cordan¢e wlh the s8cond edition of the Charities Slalemenl of Recommended Pradice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Chanties Act 2011. Basis of preparatlon Watwick School Memorial Endowment Fund meets the definition of a publ￿ benefit entty under FRS 102. The accounts (financial slatemenlsl have been prepared under the hisloriGal cost convention with items recognised al ¢osl or transaction value unless otheNise slated in the relevant nole{s} lo these accounts. Going concern The Iruslees considor that there are no material uncertainties about the chartys ability lo continue as a going concern. Incom9 and ondowmonts Investm9nt Income Interest income is recognised when the amounts are received. Expendltur& All expenditure is recognised once there is a legal or constructNe obligation lo that expenditure, f( is probable settlement is required and the amount can be measured reliably. All costs are alllxated to the applicable expondrture heading that aggregate similar costs lo that category. Grants payable are payments made to WanNick School in the furtherance of the charitable objects of the Trust. Single or mutti-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed lo pay the grant without condition, or the recipient has a reasonable expectation that they will rgceive a grant and any condttion attaching lo the grant is outside of the control of the Trust. Irrecoverable VAT is charged against the cale90ry of resources expended for which it was incurred. Governance costs These include the costs attribLrtable lo the tharity'8 compliance with conslilulional and slalulory requirements, including audr(, strategic management and Iruslees meetings and reimbursed expenses. Page 8 Warwick School Memorial Endowment Fund Notes to the Financial Statements for the Year Ended 31 March 2025 {continued) Taxatlon The charity is considered to pass the lesls sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the delin(tion of a charrtable company for UK corporation tax purposes. Accordingly, the charity is potentially exempl from laxalion in respect of income or capital gain5 received wrthin categories covered by Chapter 3 Part 11 of the CorporalioD Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are appliecl exclusivety lo charitable PUTposes. Tangiblo fixed assèts Tangible fixed assets are slated al cost lor deemed ¢osll or valuation. Cost includes costs directly attributable lo making the asset Capable of operating as inlet)ded. Trade debtors Debtors relate to income accrued and yel lo be received. Cash and cash 8quivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tern highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade cradltors Trade Creditors are obligation$ lo pay for goods or 8erviees that have been acquired in the ordinary course of business from suppliers. Accounts payable are classffied as current liabilities rf the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for al least ￿e1ve months after the reporting dale. If there is an unconditional right to defer settlement for al least ￿1ve months after the reporting dale, they are presented as non-currenl liabilities. Trade Creditors are recognised inltially 81 the transaction price. other creditors relate to oulslanding aulhorised grant5. Fund structuro The charity has a single permanent endowment. The Warmck School Memorial Endosvrnenl Fund provides for the Iruslees lo make grants lo support the education of pupils al Wawck School. Page 9 Warwick School Memorial Endowment Fund Notes to the Flnancial Statements for the Year Ended 31 March 2025 (continued) 2 Investmant In¢omg Endowmont funds Pemanent Total 2025 Total 2024 Interest receivable and similar ineome., Interest receivable on bank deposits Income from rents 207 33.600 207 33,600 195 33,600 33,795 33,807 33,807 3 Expendlture on charltable actlvltles Endowmont funds Pemianent Total 2025 Total 2024 Not Govemance costs 13,175 9,600 4 Analysls of governance and $upport Costs Governance costs Endowment funds Permanent Total 2025 Total 2024 Independent examiner fees Examination of tho financial statements Legal fees 1,485 11,690 1,485 11,690 13,175 1,470 8,130 9,600 13,175 S Trusteos rgmuneratlon and expgnsgs No trustees, nor any persons connected wrth them, have received any remuneration ftom the charty during the year. 6 Taxatlon The charity is a registered Charity and is therefore exempt from taxation. Page 10 Warwick School Memorial Endowment Fund Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued) 7 Tanglble flxed assets Land and bulldlngs Total Cost At 1 April 2024 At 31 March 2025 151,323 151.323 151,323 151.323 Depreciation Al 31 March 2025 Net book value Al 31 March 2025 151,323 151,323 Al 31 March 2024 151,323 151,323 8 Debtors 2025 2024 Accrued income 218,400 184,800 9 Cash and cash equlvalents 2025 2024 Cash at bank 34,150 46,977 10 Credltors: amounts falllng due withln one year 2025 2024 other eredilors Accruals 57,300 2,901 57,300 2,760 60.201 60,080 Page 11 Warwick School Memorial Endowment Fund Notes to the Financlal Statements for the Year Ended 31 March 2025 (continued) 11 Funds Balance at 1 Aprll 2024 Incomlng resourcgs Resources expended Balance at 31 March 2025 Endowment funds Pemianent 323,040 33,807 13,175 343,672 Balanco at 1 Aprll 2023 Incoming sourcas Resources expended Balance at 31 March 2024 Endowment funds Pemianenl 298,845 33,795 9.800 323,040 12 Analysis of nèt assets b&tWgen fund$ Endowment funds Pemianont Totsl funds at 31 March 2025 Tangible fixed assets Current assets Current liabilities 151,323 252,550 60,201 151,323 252,550 60,201 Total nel assets 343,672 343,672 Endowment funds Pernianent Total funds at 31 March 2024 Tangible fixed assets Current assets Current liabilities 151,323 231,777 60,060 351,323 231,777 60,060 Total nel assets 323,040 323,040 Page 12 Warwick School Memorial Endowment Fund Detsiled Statement of Financial Actlvltles for the Year Ended 31 March 2025 Total 2025 Total 2024 Investment income Income from investment propertios Interest on cash deposrts 33,600 207 33,600 195 33,807 33,795 Charftable activitles Independent examiner's fee Legal and professional fees 11,4851 111,6901 113,1751 11,4701 8,1301 19,6001 This pagè does not forn part of the slalulory financial slalemenls. 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