REGISTERED CHARITY NUMBER: 1192341
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE
2024 FOR WARNBOROUGH FOUNDATION CIO
Calcutt Matthews WBZ Ltd Chartered Accountants 19 North Street Ashford Kent TN24 8LF
WARNBOROUGH FOUNDATION CIO
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 June 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner’s Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the FinancialStatements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
WARNBOROUGH FOUNDATION CIO
REPORT OF THE TRUSTEES for the Year Ended 30 June 2024
The trustees present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1192341
Principal address
Warnborough College 18 Lower Bridge Street Canterbury Kent CT1 2LG
Trustees
Dr P Hatton, Trustee Dr Julian Ng, Trustee P Evans Trustee, Trustee Dr B Tempest-Mogg, Chair
Approved by order of the board of trustees on 22 November 2024 and signed on its behalf by:
Dr B Tempest-Mogg - Chair
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WARNBOROUGH FOUNDATION CIO INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF WARNBOROUGH FOUNDATION CIO
_______________
Independent examiner’s report to the trustees of Warnborough Foundation CIO
I report to the charity trustees on my examination of the accounts of Warnborough Foundation CIO (the Trust) for the year Ended 30 June 2024.
Responsibilities and basis of the report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view Which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
Calcutt Matthews WBZ Ltd 19 North Street Ashford Kent
TN24 8LF
10 August 2024
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WARNBOROUGH FOUNDATION CIO
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 June 2024
| Year Ended | Year Ended | ||
|---|---|---|---|
| 30.6.24 | 30.6.23 | ||
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| Note | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 26,910 | 31,389 | |
| EXPENDITURE ON | |||
| Raising Funds | 2 | - | - |
| Charitable activities | |||
| Supporting Education | 6,784 | 15,270 | |
| Other | 20,051 | 11,316 | |
| Total | 26,834 | 26,586 | |
| NET INCOME/(EXPENDITURE) | 76 | 4,803 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 76 | (314) | |
| TOTAL FUNDS CARRIED FORWARD | 4,565 | 4,489 |
The notes form part of these financial
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WARNBOROUGH FOUNDATION CIO
BALANCE SHEET
30June 2024
| BALANCESHEET 30June 2024 |
|||
|---|---|---|---|
| 2024 | 2023 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 5 | 718 | 898 |
| CURRENT ASSETS | |||
| Debtors | 6 | 7,224 | 3,940 |
| Deposits and Cash | 1,474 | ||
| Cash at bank | 457 | 1,459 | |
| 9,156 | 6,297 | ||
| CREDITORS | |||
| Amounts falling due within one year | 7 | (5,308) | (1,807) |
| NET CURRENT ASSETS/(LIABILITIES) | 3,848 | 4,490 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 4,566 | 4,489 | |
| NET ASSETS/(LIABILITIES) | 4,566 | 4,489 | |
| FUNDS | 8 | ||
| Unrestricted funds | 4,566 | 4,489 | |
| TOTAL FUNDS | 4,566 | 4,489 |
The financial statements were approved by the Board of Trustees and authorized for issue on 30th September 2024 and were signed on its behalf by:
B Tempest-Mogg- Trustee
The notes form part of these financial
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WARNBOROUGH FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 June 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognized in the Statement of Financial Activities once the charity has an entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
Expenditure
liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year- end date are noted as a commitment but not accrued as an expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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WARNBOROUGH FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2024
2. RAISING FUNDS
| Raising donations and legacies | ||
|---|---|---|
| Year Ended | Year Ended | |
| 30.6.24 | 30.6.23 | |
| £ | £ | |
| Support costs |
- | - |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the period ended 30 June 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the period ended 30 June 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 26,910 |
| EXPENDITURE ON | |
| Charitable activities | |
| Supporting education | 6,784 |
| Other | 20,051 |
| Total | 26,834 |
| NET INCOME/(EXPENDITURE) | 76 |
| TOTAL FUNDS CARRIED FORWARD | 76 |
continued...
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WARNBOROUGH FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2024
| 5. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Computer | ||||
| equipment | ||||
| £ | ||||
| COST | ||||
| At 1 July 2023 | 1,496 | |||
| At 30 June 2024 | 1,496 | |||
| DEPRECIATION | ||||
| At 1 July 2023 | 598 | |||
| Charge for year | 180 | |||
| At 30 June 2024 | 778 | |||
| NET BOOK VALUE | ||||
| At 30 June 2023 | 898 | |||
| At 30 June 2024 | 718 | |||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Prepayments | 3,940 | 3,940 | ||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Trade creditors | 2,618 |
3,479 | ||
| Other creditors | 2,690 | 1,440 | ||
| 5,308 | 4,919 | |||
| 8. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 30.6.23 | in funds | 30.6.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 76 | 4,489 | 4,565 | |
| TOTAL FUNDS | 76 | 4,489 | 4,565 |
continued...
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WARNBOROUGH FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 June 2024
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Resources | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund as at 30thJune 2024 | 26,910 | (26,834) | 4,565 | |
| TOTAL FUNDS | 26,910 | (26,834) | 4,565 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At |
|||
| in funds | 30.6.24 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | 76 | 76 | ||
| TOTAL FUNDS | 76 | 76 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund as at 30thJune 2022 | (3,489) | 4,565 | 76 |
| TOTAL FUNDS | (3,489) | 4,565 | 76 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2024.
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WARNBOROUGH FOUNDATION CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 June 2024
| Year Ended | Year Ended | |
|---|---|---|
| 30.6.24 | 30.6.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 21,578 | 31,389 |
| Other Income | 5,332 | |
| Total incoming resources | 26,910 | 31,389 |
| EXPENDITURE | ||
| Charitable activities | ||
| Supporting Education | 6,784 | 15,270 |
| Other | ||
| Wages | 4,180 |
- |
| 10,964 | 15,270 | |
| Gross Profit | 15,946 | 16,119 |
| Support costs | ||
| Management | ||
| General Rates | 3,813 | 3,664 |
| Insurance | - | 397 |
| Telephone and Computer | 2,657 | 2,180 |
| Heating and Lighting | 6,046 | 2,107 |
| Sundries | 375 | 161 |
| Travel | 200 | - |
| 13,090 |
8,509 | |
| Finance | ||
| Bank charges | 74 | 62 |
| Information technology | ||
| Repairs and renewals | 100 | 392 |
| Governance costs | ||
| Depreciation Equipment | 180 | 224 |
| Accountancy and legal fees | 2,427 | 2,129 |
| Total resources expended | 15,870 | 11,316 |
| Net income/(expenditure) | 76 | 4,803 |
This page does not form part of the statutory financial statements.
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