Trust registration number: 1195105
The Debney Endowment Trust
Annual Rewrt and Financial Statements
for the Year Ended 31 August 2024

The Debney Endowment Trust
Contents
Reference and Administrative Detsils
Trustees, Report
2to7
ststement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
io
Balan￿ Sheet
li
Cash Flow Statement
12
Notes to the Financial Ststements
13to21

The Debney Endowment Trust
Reference and Administrative Details
Chalrman
Richard Hubble
Trustees
Rebecca Crean, ex-officio as Head Teacher of Tonbridge Grammar
School
Richard Hubble
Geraldine Hughes
Michael Joyner
Nigel Stratton, Nominated
1195105
Trust Registration Number
Principal Office
Tonbridge Grammar Schcx)I
Deakin Leas
Tonbridge
Kent
TN9 2JR
Redshield Business Solutions Limited
Chartered Accountant
Suite 3, 1- 3 Warren Court
Park Road
Crowborough
East Sussex
TN6 2QX
Brewin Dolphin
12 Smithfield Street
London
ECIA 9LA
Unity Trust Bank plc
Four Brindleyplace
Birmingham
BI 2JB
Close Brothers
4th Floor
10 Crown Pla
London
EC2A 4
Independent Examiner
Investment Manager
Bankers
Page I

The Debney Endowment Trust
Trustees. Report
The trustees present the annual report together with the financial ststements of the Trust for the
year ended 31 August 2024.
Objectives and activities
Objects andaims
The advan￿ment of education by support of Tonbridge Grammar School, (the School), or students,
former students and potential students of the School, in particular, but not exclusively by:
a. Promotion of social inclusion,.
b. Provision of bursaries and prizes,.
c. Provision of items, services and facilities.
Objertives Strategies andactivities
In the peric&i under review support has been given as follows:
A small number of bursaries have been given to cu￿ent students.
Tuition support for one student.
Counselling sessions for current students.
Horizons Programme- Il+ summer holiday revision course for primary school pupils.
A top up towards High Needs Funding to fund a learning support assistsnt for a current student.
Public benefit
In the period under review the Trust carried out its object by funding bursaries, tuition, counselling
and learning support to current students, thereby advancing social mobility and inclusion and
widening aC￿S to a grammar school education. In addition the Trust supported initiatives which
engage with primary school students to encourage them to consider applying to Tonbridge Grammar
School. The Trust will supwrt initiatives to support social inclusion and the wellbeing of students.
The trustees confimi that they have complied with the requirements of settion 17 of the Charities Act
2011 to have due regard to the public benefit guidance published by the Charity Commission for
England and Wales.
Grantmakingpolicies
All applications for funding either from the School or individual students are dealt with on a
case-by-case basis.
Use of volunteers
All trustees give their time freely and no trustee remuneration was paid in the period. Apart from the
trustees, the Trust has no other volunteers.
Achievements and performance
Grants awarded in the year under review were modest in value. The trust￿5 anticipate that grant
requests will grow as information about the Trust becomes more widely known in the schcM)I
community. The Trust is exploring more ways to support initiatives which widen student a￿55 to the
School and initiatives which enable all students to flourish.
The Trust has not tsken part in any fundraising during the period.
Income earned on the capital funds of the Trust were sufficient to meet the required grants awarded
from the Trust.
Page 2

The Debney Endowment Trust
Trustees. Report (continued)
Financial review
During the year the Trust funds were held in interest and non-interest-bearing bank accounts and
investments. There was no material change in the financial posltion of the Trust during the year.
Policy on reserves
The objective is to maintsin the real capitsl value of the fund while at the same time using the
income generated for student bursaries and other objects of the Trust.
Pnncipalfunding sources
The Trust was estsblished with initial payments from Tonbridge Grammar Schcx)l. One payment
was as a lasting tribute to the Coen family who gave a substsntial gift to help support the school's
work to widen access to a Tonbridge Grammar School education. The other payment was as a lasting
tribute to Miss Joy Debney, teacher of history and school archivist, who was associated with
Tonbridge Grammar School for many years and who named the School as the sole beneficiary of her
estate when she died in 2017.
Investmentpolicy and objertives
The majority of the Trusvs funds are placed with an Investment Manager. The policy is to maintain
the capital value of the fund in real terms and to use the income to support the objects of the Trust.
If the demand for bursaries exceeds the income consideration will be given to topping up from
capital.
The Trust follows as far as possible the ethical invesknent policy, supwrted by the SchcK)l.
Page 3

The Debney Endowment Trust
Trustees. Report (continued)
Plans for future periods
Aimsandkey objertives forfuture periods
The trustees of The Debney Endowment Trust 5￿k to supp)rt Tonbridge Grammar School in
advancing the School's commitment to widening access and social mobility by promoting admissions
to the School for financially disadvantaged children, and through the provision of bursary and other
grants to ensure that no child already at the School is excluded from any aspect of the education and
activities due to personal financial constraints.
The trustees are k￿n to accept donations to the Trust to grow the capitsl base and generate income
to meet exFECted growth in demand for bursary support.
Going concern
The trust￿5 do not believe there are any uncertainties about the continuation of the TNst as a going
concern.
Page 4

The Debney Endowment Trust
Trustees. Report (continued)
Trustees and Offi￿rS
The trLJStees and officers serving during the year and since the year end were as follows:
Trustees-
Rebecca Crean, eX￿ffiCI0 as Head Teacher of Tonbridge Grammar
Sch￿1
Richard Hubble
Geraldine Hughes
Michael Joyner
Nigel Stratton, Nominated
Chaimian..
Richard Hubble
structurei governan￿ and rnanagement
Natu￿ ofgoverning document
The Trust is constrtuted as a CIO. The governing document is the Constitution dated 8 July 2021.
Recruitment andappointment of trustees
The majority of the trustees are to be appointed by the trustees. There is to be at least one, and no
more than two, trustees nominated by Tonbridge Grammar School. The Head Teacher is to be an
ex-officio trustee, provided that they are happy to accept the offi￿.
Oryanisatsonalstructure
The trust is managed by the trustees. At quarterly trustees, meetings the trustees agree the broad
strategy and areas of activity for the Trust, including consideration of grant making, investment, risk
management policies and performan￿. The administration of grants and the pro￿SSIng and handling
of applications prior to consideration by the trustees, is delegated to the strategic lead for bursaries at
the School.
The Schwl's bursary Committ￿ meets regularly throughout the academic year, to consider new
applications fulfilling the relevant criteria and make recommendations for funding. The committee
monitors information regarding trends in applications and forecasts for future funding needs and
makes recommendations to the trustees.
The financial records are maintsined by the Schwl's ffinance team.
Relationships with related parties
Tonbridge Grammar School
The Trust was created to re￿1ve donations and legacies left to Tonbridge Grammar School and to
use those funds for the advan￿ment of education by support of the School. The School nominates a
trustee and the Head Teacher is an ex-officio trustee.
Major risks and management of those risks
The trustees have considered the major risks to which the Trust is exposed and have reviewed those
risks and have established prO￿dureS to manage those risks.
The trustee5 consider variability of investsnent returns on the permanent endowment to constitute the
Trusvs major financial risk. The extreme volatility in world stock markets has demonstrated this risk.
The trustee5 tske account of the performan￿ and outlook for investment returns and keep the level
of awards under careful review.
Page 5

The Debney Endowment Trust
Trustees. Report (continued)
Flnanclal Instruments
Objectivesandpolicies
The Trust's activities expose it to a number of financial risks including credit risk, cash flow risk and
liquidity risk. The use of financial derivatives is governed by the Trusys policies approved by the
board of trustees, which provide written principles on the use of financial derivatives to manage these
risks. The Trust does not use derivative financial instruments for speculative purposes.
Cash flow risk
Interest bearing assets are held in short notice detK)Sit accounts to ensure certainty of cash flows on
changes to variable interest rates.
Creditnsk
The Trust's principal financial assets are bank balances and investments. An allowance for impaimient
is made where there is an identified loss event which, based on previous experience, is evidence of a
reduction in the recoverability of the cash flows.
The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings
assigned by international credit-rating agencies. The Trust has no significant cOn￿ntratIon of credit
risk, with exposure spread over a large number of counterparties and customers.
Page 6

The Debney Endowment Trust
Trustees. Report (continued)
Liquiditynsk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and
future developments, the charity uses a mixture of long-term and short-term finan￿.
SIONEDSECURELY
15/04/2025
1Sm4120254t9..34..54AMurc
The annual report was approved by the trustees of the TNst on
behalf by..
and signed on its
SIGNED SECURELY
1510412Q25 atg..$4..54AIA UTC
Richard Hubble
Chaimian and trustee
Page 7

The Debney Endowment Trust
Statement of Trustees. Responsibilities
The trustee5 a￿ ￿Sponsible for preparing the trustees, reFx)rt and the financial statements in
accordan￿ with the United Kingdom Accounting Stsndards (United Kingdom Generally Accept
Accounting Practice) and applicable law and regulations.
The law applicable to charities requi￿ the trustees to prepa￿ financial statements for each financial
year which give a true and fair view of the stste of affairs of the Trust and of the incoming resour
and application of resources of the Trust for that period. In preparing these financial ststements, the
trustees are required to..
select suitsble accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent,.
stste whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the Trust will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the Trust and enable them to ensure that the financial
ststements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations
2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the
assets of the Trust and hen￿ for tsking reasonable steps for the prevention and detection of fr7ud
and other irregularities.
The trustees are responsible for the Maintenan￿ and integrity of the corporate and financial
information included on the charitable company's website. Legislation governing the preparation and
dissemination of financial statements may
tion in other jurisdictions.
151tr4f2025atg..J4'.54AM UTC
Approved by the trustees of the Trust on
and signed on its behalf by..
SIGNED SECURELY
1510412025 at9..34..54 AM UTC
Richard Hubble
Chaimian and Trustee
Page 8

The Debney Endowment Trust
Independent Examiner's Report to the trustees of The Debney Endowment
Trust
I report to the trustees on my examination of the accounts of The Debney Endowment Trust for the
year ended 31 August 2024.
Responsibilities and basis of report
As the trustees of The Debney Endowment Trust you are responsible for the preparation of the
accounts in accordan￿ with the requirements of the Charities Act 2011 ('the Act).
I report in respect of my examination of the The Debney Endowment Trust'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 Charity Commission under section 145(51(b) of the Act.
Independent examinerfs 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 tRlieve that in any material respect:
l. accounting records were not kept in respect of The Debney Endowment Trust as required by
section 130 of the Act. or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content
of accounts set out in the Charities {Accounts and Repots) 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 in order to enable a proper understsnding of the
accounts to be reached.
Jenny Dinnage
Chartered Accountsnt
IC4EW
Redshield Busine￿ Solutions Limited
Suite 3, 1- 3 Warren Court
Park Road
Crowborough
East Sussex
TN6 2QX
Date..
0610512025
Page 9

The Debney Endowment Trust
Statement of Financial Activities for the Year Ended 31 August 2024
Total
2024
Unrestricted Restricted
Note
Income and Endowments from:
Investrnent income
Totsl income
Expenditure on:
Raising funds
Charitable activities
(5,684)
(631)
(6,315)
Totsl expenditure
Gainsllosses on investsnent assets
Net movement in funds
63,340
(5,975)
57,365
Reconciliation of funds
Totsl funds brought forward
661 121
Totsl ftjnds carried forward
13
656 829
Total
2023
Unrestricted Restricted
Income and Endowments from:
Investsnent income
11,979
1,331
13,310
Expenditure on:
Raising funds
Charitable activities
(6,216)
(691)
564
(6,907)
Totsl expenditure
Gainsllosses on investment assets
Net movement in funds
(7,698)
(1,279)
(8,977)
Reconciliation of funds
Totsl funds brought forward
601187
670 098
Total funds carried foNard
13
661121
All of the Trust's activities derive from continuing operations during the above periods.
The funds breakdown for 2023 is shown in note 13.
The notes on pages 13 to 21 form an intiral part of these financial ststements.
Page

The Debney Endowment Trust
(Registration number: 1195105)
Balance Sheet as at 31 August 2024
2024
2023
Fixed assets
Investsnents
io
703,015
631,317
Current assets
Cash at bank and in hand
li
29,825
31,570
Creditors: Amounts falling due within one year
12
Net current assets
Net assets
661 121
Funds of the Trust:
Restricted income funds
Restricted funds
61,657
67,632
Unrestrirted income funds
Unrestricted funds
656 829
593 489
Total funds
13
718 486
661121
SIGNED SECURELY
ts on pages 10 to 21 were approved by the trustees, and authorised for issue
and signed on their behalf by:
on
SIGNED SECURELY
12Q25 *2."40."54 PM UT
Nigel Stratton
Trustee
The notes on pages 13 to 21 form an intiral part of these financial ststements.
Page

The Debney Endowment Trust
Cash Flow Statement for the Year Ended 31 August 2024
2024
2023
Cash flows from operating activities
Net cash income/(expenditure)
57,365
(8,977)
Adjustments to cash flows from non-cash items
Investment income
Revaluation of investments
(19,036)
(13,310)
(26,124)
(6,947)
Working capitsl adjustments
Increasel(decrease) in creditors
12
235
Net cash flows from OFerating activities
Cash flows from investing activities
Interest r￿1Vable and similar income
Purchase of investments
Sale of investments
19,036
(192,641)
185 396
13,310
(859,5521
212 895
io
Net cash flows from investing activities
Net decrease in cash and cash equivalents
633 347
(1,745)
(640,529)
Cash and cash equivalents at I September
672 099
Cash and cash equivalents at 31 August
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 13 to 21 form an intiral part of these financial ststements.
Page

The Debney Endowment Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
l Accounting policies
Statement of compliance
The financial ststements have been prepared in accordance with the second edthon of the Charitie5
Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Debney Endowment Trust meets the definition of a public benefit entity under FR5 102. The
accounts {financial statements) have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these
accounts.
Going concern
The trustees consider that there are no material uncertainties about the Trust's ability to continue as
a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a
general nature is recognised when the Trust has entitlement to the income, it is probable that the
income will te r￿1Ved and the amount can be measured wf(h sufficient reliability.
Investment income
Dividends are recognised On￿ the dividend has been declared and notification has been re￿iVed of
the dividend due.
Expenditure
All expenditure is recognised On￿ there is a legal or constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All costs are allcKated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis con515tent with the
use of resources.
Raising funds
These are costs Incur￿ in attracting voluntsry income, the management of investments and those
incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the Trust in the delivery of its activities and
seNices for its beneficiaries. It includes both costs that can be allc£ated directly to such activities and
those costs of an indirect nature necessary to supp)rt them.
Page 13

The Debney Endowment Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
l Accounting policies (continued)
Grantexpenditure
Grants payable are payments made to third parties in the furtherance of the charitable objectives.
Where the Trust gives a grant with conditions for its payment being a specific level of service or
output to be provided, such grants are only recognised in the Statement of Financial Activities once
the recipient of the grant has provided the specific service or output.
Grants payable without performan￿ conditions are recconised in the accounts when a commitment
has been made and communicated to the recipient, and there are no conditions to be met relating to
the grant which remain in the control of the Tnjst.
Grantprovisions
Provisions for grants are made when the intention to make a grant has been communicated to the
recipient but there is uncertainty atxjut either the timing of the grant or the amount of grant payable.
Support costs
Support costs include ￿ntral functions and have been allocated to activity cost categories on a basis
consistent with the use of resources.
Governance costs
These include the costs attributsble to the Trust's compliance with constitutional and ststutory
requirements, including independent examination, strategic management and trustees. meetings and
reimbursed expenses.
Taxation
The Trust is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the Trust is potentially exempt from tsxation in respect of income or capitsl gains
received within categories covered by Chapter 3 Part 11 of the Corwration Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
Fixed asset investments
Fixed asset investsments, other than programme related investments, are included at market value at
the balance sheet date. Realised gains and losses on investments are calculated as the difference
be￿een sales prcceeds and their market value at the start of the year, or their subsequent cost, and
are charged or credited to the Ststement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are
credited or charged to the Statement of Financial Activities based on the market value at the year
end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and other short-term highly liquid investments that
are readily convertible to a known amount of cash and are subject to an insignificant risk of change in
value.
Page 14

The Debney Endowment Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
l Accounting policies (continued)
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees, discretion in
furtheran￿ of the objectives of the Trust.
Restricted income funds are those donated for use in a particular area or for specific purposes, the
use of which is restricted to that area or purFX)se.
Flnanclal Instruments
Classification
Financial a55ets and financial liabilities are recognised when the Trust tecomes a party to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the SUbStsn￿ of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the Trust after dedurting all of its liabilities.
Recognition andmeasurement
All financial assets and liabilities are initially measured èt transartion price (including transartion
costs), ex￿pt for those financial assets classified as at fair value through profit or loss, which are
initially measured at fair value (which is normally the transattion price excluding transaction costs),
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing
transaction, the financial asset or financial liability is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only
when there exists a legally enforceable right to set off the recognised amounts and the Trust intends
either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows
from the financial asset expire or are settled, b) the Trust transfers to another party substsntially all
of the risks and rewards of ownership of the financial asset, or c) the TrusL despite having retained
some, but not all, significant risks and rewards of ownership, has transferred control of the asset to
another party.
Financial liabilities are de￿COgnised only when the obligation specified in the contrart is discharged,
cancelled or expires.
Fair value measurement
The best eviden￿ of fair value is a quoted price for an identical asset in an active market. When
quoted prices are unavailable, the pri￿ of a recent transaction for an identical asset provides
eviden￿ of fair value as long as there has not been a significant change in economic circumstances
or a significant lapse of time since the transattion took place. If the market is not active and recent
transactions of an identical asset on their own are not a good estimate of fair value, the fair value is
estimated by using a valuation technique.
Page 15

The Debney Endowment Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
2 Investment income
Unrestricted
funds
General
Restricted
funds
Total
2024
other income from fixed asset investments
17,132
1,904
19,036
Unrestricted
funds
General
Restrlcted
funds
Total
2023
Other income from fixed asset investments
3 Expenditure on raising funds
a) Investment management costs
Unrestricted
funds
General
Restricted
funds
Total
2024
Other investment management costs,.
Other portfolio management costs
631
631
Unrestricted
funds
General
Restricted
funds
Total
2023
other invesbment management costs,.
other PKJrtfolio management costs
691
691
Page 16

The Debney Endowment Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
4 Expenditure on charitable activities
Unrestricted
funds
General
Restricted
funds
Total
2024
Grant funding of activities
Allocated sUPPOrt costs
Governance costs
13,154
13,154
71
71
Unrestricted
funds
General
Restricted
funds
Total
2023
Grant funding of activities
Allocated support costs
Governan￿ costs
564
564
72
72
564
S Analysis of governance and support costs
Support costs allocated to charltable actlvltles
Governan
Finance
costs
Total
2024
Student support
1,200
Governance
costs
72
Finance
costs
1,272
Total
2023
student support
72
Page 17

The Debney Endowment Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
5 Analysis of governan￿ and support costs (continued)
Governance costs
Unrestricted
funds
General
Total
2024
Independent examiner fees
Examination of the financial statements
Unrestricted
funds
General
Total
2023
Independent examiner fees
Examination of the financial statements
6 Grant-making
Analysis of grants
Grants to individuals
2024
2023
Analysis
Bursaries to sch￿1 students
565
The support costs associated with grant-making are £Nil (31 August 2023 - £Nill.
7 Trustees remuneration and expenses
No trustees, nor any person5 connerted with them, have received any remuneration from the Trust
during the year.
No trustees have received any reimbursed expenses or any other benefits from the Trust during the
year.
8 Independent examiner's remuneration
2024
2023
Examination of the financial statements
Page 18

The Debney Endowment Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
9 Taxation
The Trust is a registered charity and is therefore exempt from taxation.
10 Fixed asset investments
Other investments
Listed
investments
Total
Cost or Valuation
At I Septemtkr 2023
Additions
Disposals
Revaluation
631,317
631,317
192,641
192,641
(185,396) (185,396)
At 31 August 2024
703 015
703 015
Net book value
At 31 August 2024
703 015
703 015
At 31 August 2023
631317
631317
11 Cash and cash equlvalents
2024
2023
Cash at bank
12Credltors: amounts falllng due wlthln one year
2024
2023
Accruals
1,766
Page 19

The Debney Endowment Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
13 Funds
Balan￿ at
Other
Balance at
September Incoming Resour￿$ recognised 31 August
2023
resources expended galnsl{losses) 2024
Unrestrirted funds
General
General
593,489
17,132
{6,955)
53,163
656,829
Restricted funds
Bursary fund
Total funds
661121
19 036
Balance at
Other
Balance at
September Incoming Resources recognised 31 August
2022
resouffts expended gainsl(10sses) 2023
Unrestricted funds
General
General
601,187
11,979
{7,488)
{12,189)
593,489
Restricted funds
Bursary fund
Total funds
661121
The specific purwses for which the funds are to be applied are as follows:
Restricted funds can only be used for bursaries to current school students.
Page 20

The Debney Endowment Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
14Analysis of net assets between funds
Unrestricted
funds
General
Totsl funds
at 31 August
2024
Restricted
funds
Fixed asset investrnents
Current assets
Current liabilities
632,713
25,315
70,302
4,510
703,015
29,825
Totsl net assets
656 828
Unrestricted
funds
General
Totsl funds
at 31 August
2023
Restricted
funds
Fixed asset investments
Current assets
Current liabilities
568,184
26,505
63,133
5,065
565
631,317
31,570
Total net assets
593 488
661121
15 Related Pa￿ transactions
During the year the Trust made the following related party transactions:
Tonbridge Grammar Sthool
The objective of the charity is to support past, present and future students of Tonbridge Grammar
School. The Head Teacher of the School is an ex-officio trustee and the School may appoint up to two
nominated trustees, subject to the majority of trustees being appointed by the trustees.
Tonbridge Grammar School is the sole donor of funds during the year. At the balan￿ sheet date the
amount due to Tonbridge Grammar School was £13,154 (2023 £565).
Page 21