IM irwinmitchell
THE KENORA CH
1ST
ED
TAB
HARI
NDAllO
NO. 12
10
TAT
For
reno
IR•f: 0541016

THE KENORA CHARITABLE FOUNDATION
REGISTERED GHARITY 140.1201
ontents to Fina
forthe
tstemonts
ri12024
d5A
Report of Ihtr TtU5tees
Indep￿dent Examinevs Report
8818n￿ S￿t
ststemont of finan￿al A(*vitl8s
to Notes to Financial Statom

TRUSTEES, REPORT
For the year endod 5th Aprfl 2024
The Konora Charitsble Fvunuatlon
Full name of Charlty .
Nature of governing documgnt . Deed of Trust dated 28 April 2022 as amended by deed dated g September
2023
Rogistrxtlon Numb•r:
1201057
Trustse8.'
cha￿eS Arthur Noall
Derica Elizabeth Noall
Hannah l ity Ifivian NoalLChurchill (appoitrted 12 Aprfl 2QJ)
Rogistored Address:
We8Vak¢ House. Cottons Lane. K&'nton mand￿lIe. Somerton. Somerse( TA11
6DT
PrlnGlpdl Banker:
Soudtors .
C Ho8ro & Co. 37 Fleet Streec Londoll, EC4P 4DQ
Trowers & Hamlin LLP, 3 Bunhill Row, London, EC1Y 8YZ
To promte education of PAoplÉ* undgr 25.
8p8clfi¢ Invothent powers: In a(xordance with the Trustse InvestrnentAct 1961 as amended by the Charitie5
rrrustee Investmpnl Aet 19611 Ordèr 1995.
Operating Restrktions:
Constitution and obj•ct8
Th8 objects of the Charity are for the public bonefitto promotethe education (induding xKi81 and physic21 training)
of people underthe age of25 yèars in the South ofEngland in such ways as the charify's tmst*g think fft, including
by awarding to euch pcr8tsn8 ¥Gholarsliips, MaIntenan￿ allowancAs nr grantg tgnable at any sthool, uiiivet51ty,
college or inslituliun OT hlgher education. The South of En9land inGorporateb- Bristol, Gomwall, Devon, Dorsel,
Gloucestershire. Somerset, Wltshire, Berkshire, Hampshire. Buckinghamshire. West Sussex, East Sussex Kent,
Oxfordshire, Isle of Wght, Suffey, City of London. Greater London. Bedfordshire, Cambridgeshire. Hertfordshire,
Essex, and Norfolk
Ory•nlsatlon
The Trustees who served during the year and since the year end are sel out on p48 one. The Trustees usually
meet during the year lo detem)ine who they would support and to consider the fvture of ttie Trust Tre slatutory
powvi of appointment applies in connection with the appointment of Ttustees and is exercisable by thp. (￿ntInuing
and retirrng TnJ#te8s.
Grant maklng pollcy and activlti#s
Sin
tha
ceplion of the Charity. the Charity Ttustees have dtseovered through theirchaf(tablework and research
n suitabty fylfil the objects and hgnÈfftg of the intended recipieni¥ if they are not restrictpd by
al sco￿. The trustègg have a fomial grant iTiaking policy In Pla￿.
Acnievemonts and perfomiancg
Dunno the accounting ycar the trutstees Inade Ilve grants totalling £131.836 (2023: none).

Flnancial Revlew and iTrvéthont poliey
During the ycar inGoming rebuurce5 totslled £144,56112023.. £10.021). and resources expended totalled £147,636
{2023.. £7,831). As a result the fund balan￿ carried forward at 5th April 2024 was1£8841.
The incoming resource5 consist of bank deposit interest and donation5. The Twstees approath in connpction
with the level of orant making èach year is to disttibute frum funds donated to thp. Charity during the year.
Re&otV8S Policy
The tnjstees aim to maintain free reserves adequate to cover immediate expenditure, however, reserves at the
balarsce sheet date were negative due to the arr.rual of tho Independent Cxaminalion fe& Donations be
￿e￿[V￿j Irom the trustÉ8* to Cover all doficits.
Rl8k management
The trustees have examined the m8}or strategic. business and operational risks which tho charity faces and
trffjnffrm that syst¢ms have been eb(abli5he¢J to ena￿e regular rÈpnrts to be produ¢cd ￿ that the ntX¥55ary stèps
can be tak¢i? to lessen these risks.
Tn￿￿*S re8ponslbilltl¢s
Legislation requires the tniqt@Èg to propare financial sl*tneJiib- k>r each financial year whir.h ghow a
trug. And fair viow of thc State of affaits irf the Gharity and of the incom8 and expenditure of the charity
for that peri¢)J. In preparing those financi81 statements, the Tnjstees are required to:
select suitable acc(wJnling p)li¢ies and then appty them consistsnty,.
make judgments and 8Stimatcs that are reasuriable and prudent
6talc whether applitrtible accounbnq standards and *tatements of recommended prac11￿ have
iEen Tollowea, subject to any departures disciosed and explained in the financial staterr*nts.'
and
prepare the financial sL2tements on thÈ going eorKom basis unle8S it is inappFQPrtare to
presume that the fh2rity will continue to operate.
The TnJstoa8 are rc3ponsible fur keeping proper accounting r￿rdS which disclose with reasonable
accura¢y al any time the financial position of the Ch8rty and to ensure that the f￿anCIal statements
comply with the Charities Act 2011. They are also responsible forsafeguarding the assets ofthe Charity
and hcn¢e
r tskin9 IEa
able stetE for the prevention and dete¢tion of fraud an¢J vther Ifregularilies.
Page 2
Hannah Lily Vwi8n No2
urthill for and on itlialfof the trustses
Dated. 3Tr....rn.F)...?CfLr

THE KENORA CHARITABLE FOUNDATK)N
INDEPENDENT EXAMINER'S REPORT
TO THE TrUSTEES OF THE KENORA CHARITABLE FOUNDATION
I report to the trustees on my examination of the finanoal statements ofThe KeThn Chaiitai4e Foundatton (the
'charfty'} for the year ended 5 April 2024 which are set out on pages 4 to 10.
Responslbllllles and ba$ls of rnport
As the trustees of the ch8rity you s￿ resw)nslblo for the preparation of the finaneial statsments in ac£ordane•
wth the r•qu1rem￿tts of the Chariries Act 2011 {the 2011 Act).
I report in rospect of my examlnation of thg charity's finwcial statements carrled OLrt under s•clion 145 of thè
2011 ACL In carrwng out my examination I h8ve folltrwed all the applicable Llrections gtven ty the Chanty
Commi881on under section 145(5llb) of the 2011 ACL
Indepondent examln8Y$ statsment
I have completed my examination. I confinn tr*t no mattets have come to my attention In conn8dion wlh the
examination gi¥irvJ me cause lo tslieve that in any m81erial respect..
accounting records were not kept in respect of the charrty as requir•J by 8ection 130 of th8 2011 Act., or
the financial statements do not accorf with thos& rpo)rd$" C
the financtal slatsm￿ts do not compty Imth the applicable requiremerts conceming th8 forn arKI content
of accounts set out in the Charities (Accounts and Rekxwts) Regulations 2008 other than any requirement
that the accounts give a true and fair visw is not a matter con#idcted es part of 1ndVpe￿u8llf
examination.
I have no conrAms and haw com• •cn>88 no otlxtr matt•rn in 9)nt￿[[mivAI￿the exaM￿alle￿ tovthfich attention
8￿uld be drawn inthis rw in ordwto enatlea pr0porunderst￿Ir0 ofthefina￿Aa15taleM￿ts to be reached.
Jordan Abbott BSGACA
Piper House 4 Dukes Cowt
Bogtxx Roa<1
Chichester
West Sussex
P0198FX
Dated..
0510212025

Pty•4
-12Uf
•ES
C89h ath
L￿bIle￿IlIng due￿￿￿ t2 m
6.871.16
1.440.OD
2 181.10
2 191.1
Nt4Chw(*l

FXFXPE
144,518.
4￿$4
10.001llO
14456D.84
10.D2fffj8
147,25r*.BO
7.oeo.oo
150.50
1407
Zl91.18
Fund bW1*Y￿Ard
Fund
2,191.18

p￿e6
THE KENORA CHAR￿ABLE FOUNDATION
RE515TERED CHARrrY NO. 1201067
he Acc
nd
5th
rll 2024
1 ACCOUNTING POLICIES
Tha Kenor£ Charitable Fvundallon is an unincorporated charity. regiskrad with the Charity Commi55ton number
1201057. The registered addr￿ is Wèsttakg Housc. Cottons Lane. Keinton Mandeville, Somerton, Somerset,
TA116DT.
1.1 ACCOUNTING CONVENTION
The finariGial stst8ments have been prepared in a¢cordarTrce with the Trust's goveming documenL the Charities
Act 2011 and "Accounting and Reporting by Charities". Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financi￿ Reporting Standard applriAble In me UK and
Republlc or Ireland IFRS in?). lèffeetivo 1 January 2019). The GI￿rity Is a Publ￿ Benefft Entity &¢ defined by
FRQ 102.
The charity has taken adv8ntage of the provisKJns in the SORP for charib.es apptying FRS 102 not to preparè a
StAt8menl of Cash Flows.
The accounts have departed from the Charities IAcccNJnts and ReFJ)rts) Regulations 2￿8 only to the extent
required to provide a true and fair view. This departure has invofv8d foltowing the Statement of Recommended
Practice for charities apptying FR8 102 rather that the vergion of the Stal¥vnellt of RecommendeAI Pracjtee which
rs refg.rred to in tho Regulation3 but whiGh t￿5 since been wrth¢Jrawn.
The accounts are prepar&J in sterfing, which is the funthonal currency of the charity.
The aGGounts have Deen prepared on the historical cost convention nvJdified for the revaluation of invÉstments.
The principal gccounting policieg adopted are set out below.
1.2 GOING CONCERN
At the time ofapproving the accounts. the trnstÉg.s have roasonable expeGtation, due io thelr own fvnding of the
e￿n￿lture and defici( that the charity has adeqLfate resources to ¢Olltinue in operational existence for the
foreseeable future. Thus the trustees. ¢ontinue to adopt the going concem b*"s of accounting in preparation of
the accounts.
CHARrrABLE FUND5 & FUND AGCOUNTING
Unrestricted funds are available for use atthe discretion of the trustees in furth￿an￿ of thgircharttable obiectives
unless the fvnds have been deS￿nated for other purposes.
Incoming R••outGOS
Incomino res(JLJfcA* irtclud•B irwa#trnent incorr*, an¢J ¢Jondtions wnich are recogni￿ when the charity has 8
legal nght tr) the income.
The gain or k)ss arising on the dtsposai of an asset is determined as fhe difference be￿een the sale proceeds
and the canying value of the as# and is recognised in net incomel(expenditurel for thè year.
GA." 6719009 1

1A GRANTS PAYABLE
P￿yE Y
Grants payable are deblted to expenditure wthin the Stslement of Financial Activities during the period in which
the Trust enters into a constructive obligalion to make such payrrEnts, tErogntsing a liability where payments are
to be made in lulure ppriods.
CHARrrABLE ACTivmES
Th@ Cxkgl of charitable activiti88 consists of 9rants made.
GOST OF GENERATING FUNDS
The cost of generating funds consists of bank charoes.
GOVERNANCE COST8
Govemance costs comprise all costs involvlng the public accountabilty of the chanty and Its complFance vrith
regulation end good PFaGtiG¢. The>¥ w5ts include costs related to statutory independgnt g¥amination and la9al
fee5 together with other ovethead and SUPWJrt rAgts.
CASH AND CASH EQUIVALENTS
Cash and cash equivalents include deposits held at rAII wttn bank&
FINANCIAL114STRUMENTS
I ne Chanty has el@clÈd to apply thè provisions of Section 11 °Bagic finan¢ral InStru￿rIt5. an¢J sectlon 12"Other
Fin8ncig1 In#trumonts Issuea. of fRS 102 to all of its fiiiGinrial in5tTuments.
Financial assets and liabilities are off8et, with the net amounts presented in the financial statements, when there
is a IBgalty enforeeable right to set off the re(LJylli5ed amounts an¢J there ￿ an intention to on a net basis or
tu realise the asset ana settle the liabilty simultanonusty-
Ba8lc finanGial assets
Basic financial assets, which inGludes debtors and cash and bank balances, are Initial￿ measurèd at transaction
price ifjGluding transaction costs and are subs8quentty r3rried at amorttsad ¢oBt using the effective interest
method unless the affangement consts'kntes a financing transaction. where the trdnsaction is measure(l at the
present value of the future ￿ceipts discounted at a market rale of interest Financial as8* dasSIf￿ as
receivable within one year are not amortised.
Impalmrent of Ilnanclal asset8
Finaneigl *8gOt8, othcr ttrFan thoa¢ herd at falr valuo ifiiuugh Income ana expenarture. are assessed for indicators
of impairment al each reporting date. Financial assets are impaired where there is obj8ctivÈ gvidentt* tha( as a
sult one or nK)re events Ihatoccurred aft@rthe inilial rwnibon of tho financial ossct, the eatirr¢ated fvture (ash
Ilows have been affÉcted.
GA: 6719LN)9 1

Page 8
If an asset is impaired, the impaim)ent loss is the dfft￿n￿ between the carying amount and the présent valiie
of the e?tim*d oatsli nuw5 ijlscounted at me asseys original Èffective interest ratg. Tha impairment los¥ i
recogn15ed in net incomel{expenditure} for the year.
If there is a decrease in the impaimient loss arising from an event occurrfng after the impaimient was recognised,
the impaimient is reversed. The revers81 is such that the current carrying amount does not exceed what the
corrying amount would havv bEen, hatt Ihe impairment previousiy been rwgnised. The impaimient rcver981 18
recognised in net incomellextenditure) for the year.
Baslc financial Ilabllttle8
Rggie financial liabilities, induding trade and othei p(iyabfe5, are inrtraify recognised al trxnsaetion pri￿ unloe8
the arrangeiTierrt consytutes a finanung transaction. where the debt instrum8nt is measured at the present value
of the fijlure receipts discounted at a market rate of interest Debt instruments are subsequendy Ca￿led at
amortised cosL using the effe￿1ve interest r* method.
Trad8 payables are obligations to pay for 9￿d5 01 5ervrces thai have been acquired in the ordinary course of
operations from supplier5. Accounts payable are classed as current liabilities if payment is due wthin one year
or less. If not, they are presentad as non-CUTrent liabilities. Trade payables are recognised initially at trans8¢tion
prir£ 8nd subs•quenYy measured at amortised o)sl using the elfective interest method.
Derecognftion of financial liabilftios
Financial IFabilities are der￿nISed when thÈ charity'g eontractual obli9atson¥ expire or are dischargeil or
cancelled.
2. CRMCAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of the charty's arLounting prAiciÈs, the trustaoe a￿ required to make judgevtprrts, esUm*s
and assumptinns about tho carrying amount of a￿￿tS aTrd li¢abililie5 that are not readity apparent from other
sources. The estimates and ass¢xiated assumpts.ons are based on historical experienc8 and other factors that
are considered to be refevant Actual results rw differ from these estimates.
The estimates alld untlerlying assumptsons are revIev￿￿ on an nnooing basrg. RaviÈione to oceounting estirnate>
are reccgnis&J in the p*riod in which the esb'male is revised where the revision affects only that penod. or in the
period o* the revision and future periods where the revision affects both GuTrent and fvture period$.
GA- 0719009 1

2Q
20.
14¢61800

Pag• 10
eH411rr
RF
201
& CASH AT BANK
SA.2023
C HoarE & Co
55820
6,871.16
6. CREtMroRS.. Amouiifs FALLING DUEVMIN OIIE YEAR
L¢gal f¢¢b
ItKt8perKlern E¥4minaionkn
4a1 &&2023
4,lJdO.00
1.440.00
4.680.00
Y. CHARITABLE AeTllmE8
Year *r￿s￿
24
&4.202J
Grants payabkn Inotes 81
Shatp Offyjvern8n￿ (note 101
f31,838.00
15433.80
147.209.80
7,680.00
0.00
8. GRANT8 PAYABLE
03.08.2023. Heahh Resow ReaLhJth Group
18.01.2024- Th Lake DLstn"rt
24.012024- Speeth ￿bl￿e$ CIO
4.01.2024- St Pa￿¥ SElkJoI
31.012￿24- Coram VIHC
20,[A￿.00
20,000.rA)
25.940.OV
55.8Ae .0)
10.ODO.00
131.836.00
COST OP QENCRA71140 PUND¥
Yoot•ndod
2L123
C Ho8t8a Co
15GAO
i.qn so
10. eOVÈRNAN¢E eom
Y¢arand•d
&&2023
(*yLoB* . Leod & P￿fes￿n￿1f
rr(A¥ers & Ham1(￿ . & ProfegÈIO￿
lThwn Mitthell Ll P_
CwpetsBox. Inttep8rxJera Examination fee
1,￿0.00
11.Ir25.6D
1.40820
1.440.00
15.433.80
El￿51% DTANor•tron". M ofV* ¢￿ts ￿lOcated toth8 adj¥￿ of9iartn)aktrJ, totallinu £15,434
20241£7.680.' 20231
7680.00
-DO
11. TRANSACTIONS TRUSTEES
rBWO no payTh8rts lo TnMtee8 *JrtrEyearerthd SWI 2024 (2023." nl) kn rElakn tO8XP8rtse8OrM￿lerakn.
t2. ÈMPLOYE
rewpre no￿n[￿Yees￿u[trd ye8r(20YJ'. fil)
The redBNed ofÈt44,11012023". £11Tr.IJV11 from char*&ar￿ D8rirA NDal. In* ehBthb
Fwndalon.