Charity number- 1201516 THE CLIFTON HIGH SCHOOL FOUNDATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE CLIFfoN HIGH SCHOOL FOUNDATION CONTENTS Pages Reference and administrative details of the charity, its trustees and advisers Trustees. report Statement of financlal actlvlties Balance sheet Notes to the financial statements 8-18 Independent examinerfs report 19
THE CLIFTON HIGH SCHOOL FOUNDATION REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees Catherine Allin Sara Marsh Mary Nichols Marie-josephe Obrentz Lise Sea8er Hilary Vaughan Appointed 4 December 2023 Resigned Iojune 2024 Resigned 4 December 2023 Appointed 21 June 2024 Charity registered number 1201516 Prlnclpal address and re8lstered office Clifton High School, College Road, Clifton, Bristol BS8 3JO Bankers Handelsbanken PLC Pembroke House, 15 Pembroke Road, Clifton, Bristol BS8 3BA Investment rnanagÈrs Evelyn Partners Portwall Place, Portwall Lane, Bristol BSI 6NA Independent examiner Helen Blundell, Crowe U.K. LLP Black Country House, Rounds Green Road, Oldbury, West Midlands, B69 2DG
THE CLIFTON HIGH SCHOOL FOUNDATION TRUSTEES, REPORT FOR THE PERIOD ENDED 31 AUGUST 2024 The Trustees have pleasure in presentin8 their report and accounts for the period ended 31 Au8USt 2024. Objects of the charity The objects of the charity are: To advance the education of students of Clifton High School. Bristol Ithe'school'l through the provision of scholarships, grants and awards. To advance the education of the students of the School through the provision of facilities suitable for education (including, but not limited to, equipment and buildings). flevlew of the year The results of the Foundation are set out in the Statement of Financial Activities on page 6. The Foundation oversees and operates a number of legacy endowment funds established many years ago from the very generous actions of staff and alumni of the School. These funds continued to generate income in the form of restricted funds for the purposes of providing scholarships, bursaries and prizes, and the Foundation issued several grants durin8 the year in line with those purposes. Bursary awards are subject to means-testing. Prizes are 8enerally based on merit. The year under review Yaw the private launch of the 15tr Anniversary fundraising campaign In conjLtnction wlth the School. The trustees expert this to remain the focus of efforts in the coming years. Rlsk rnan•8ement The Trustee5 have assessed the major risks to which the charity is exposed, in particular those relatln8 to the operations and finances of the charity. and are satisfied that systems are in place to mitl8ate the exposure to the major risks. Investments The Foundation holds variou5 listed investments through funds managed by Smith & Williamson, and a holding of M&G Charifund units, details of which are set out in the balance sheet on page 7. The Trustees have reviewed the Foundation's holdings and have resolved to consolidate these under one new provider, while preservin8 the underlying funds. This is expected to take place in the coming financial year. Reserves Pollcy The majority of fund5 are endowment in nature, requiring the Fovndation to preserve the capital value. The Trustees are seeking to optimise grant making capacity over the medium to long term, and therefore plan to operate within the levels of returns achievable from the investments in hand. In recognition that there has been an accumulation of undistributed restricted funds over the last few vear5. the trustees plan to spend down these funds over the medium tem).
THE CLIFTON HIGH SCHOOL FOUNDATION TRUSTEES. REPORT FOR THE PERIOD ENDED 31 AUGUST 2024 Free reserves, a5 defined by the Charities SORP, viefe £118,982 at the year*nd12023'. £58.0671. Given the trustees, plans Set out above, the trustees no longer consider it appropriate to include the scholarship and bursary designated fund as part of free reserves. Future developrnents The trustees continue to be committed to investing in the students and facilities at the School, and to increase the Foundation's capacity to do so by the 8eneration of additional funding. The trustees recognise the need to expand the board's members, to allow a broader range of experience and expertise in support of the ChariVs objettives. The trustees anticipate that during 202412025 the 150, Anniversary appeal will be launched publicly in conjunction with the School. Statement of TrustÈes' responslbllltle5 The Trustee5 are responsible for preparing the Tru5tee5' Report and the financial statements In accordance wrth applicable law and regulations and United Kingdom Generally Accepted Accountin8 Practice. The law applicable to charities in England & Wales requires the Trustee5 to prepare financial statements for each financial year which give a true and fair view of the State of affairs of the charity and of the in¢orning resource5 and applicable resources, including the income and expenditure of the charity for that period. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently: Observe the methods and prin¢iples of the Charities SORP IFRS1021,' Make judgements and accounting estimates that are reasonable and prudent,. State where applicable UK accounting Standèrds have been followed, subject to any material departures disclosed and explained in the financial statements. and Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitys transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Art 2011. They 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 preparin8 the Annual Report and Financial Statements in a¢cordance with applicable law and regulations and United Kingdom Generally Accepted A¢¢ounting Practice Iunited Kingdom Accounting Standards). This Annual Report was approved by the Trustee5 on 15 January 2025. Llse Seager Trustee
THE CLIFfoN HIGH SCHOOL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2024 (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) Unrestricted funds 12m to 31 August 2024 Restricted Endowment Total Total funds funds funds funds 12m to 31 12m to 31 12m to 31 12m to 31 August 2024 Au8USt 2024 Au8USI 2024 August 2023 Note Income from: Donations and legacies Fundraising event5 Sale of donated 8ood5 Sale of merchandise Investment income Bank interest School dep051ts retained Total Income 71,077 15.563 78,454 26,663 SW ISO.031 42,226 58,942 40.494 5.297 3,780 14,103 401 27.559 150.S76 5,786 5,786 14.678 3.920 20.103 236,744 14.678 3.920 20.103 116,449 119.795 Empendlture on.. Raisin8 funds Scholarships and bursaries Other awards Support Governance Total expendlture 20,157 39.653 21,750 S9.810 21,750 9,225 1,365 4.700 96.850 34,756 16,377 18,811 1,118 2,670 73,732 9.225 1.349 4,7 35.431 16 61A19 Net inttsme before transfers and investment Ilossesl/Bains 81,018 S8J76 139,894 76,844 Transfers Reali5ed Ilossesl on Investments Unrealised galnslllossesl on Investments 16,3801 171 16511 33.110 33,110 110,6051 Net movement In funds 74.638 64.749 33,610 172.997 65.$88 Reconclllatlon of funds: Total funds brought forward 167,401 124.344 409.888 701.633 636,045 Total funds orrleil fonvard 242.039 189A193 443A98 874.630 701,633 The notes on pages 8 to 18 form part of these finantial statements.
THE CLIFfoN HIGH SCHOOL FOUNDATION BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note Flxed assèts Investments 438,419 405,171 Current assets Stock Debiors Cash and deposits 2,118 65,637 394.035 461.790 1.150 1,4 307,051 309,691 Credltors 25.579 13,229 Net current asseis 436,211 296,462 Net a55ets 874.630 701.633 Charlty Funds Endowment funds Aestricied funds Unresirided funds io io io 443.498 189,093 242,039 409,888 124.344 167.401 Total funds 874,630 701,633 The financial statements were approved and authorised for issue by the Trustees on 15 January 2025 and 518ned on their behalf by: Llse Seager Trustee The notes on pages 8 to 18 form part of these financial statements.
THE CLIFfoN HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 A¢¢ountin8 polldes The Clifton Hi8h S¢hool Foundation is a tharitable incorporated or8anisation reBiStered with the Charity Commission England and Wales Icharity number 1201516, previously charity number 10713851. The address of its registered office is Clifton Hh khool. College Road, Clifton, Bristol, BS8 3JD. Basls of preparatlon of Ilnandal statements The finan¢lal statements have been prepared in accordance wrth the Statement of Recommended Practice.. Accounting and Reportin8 by Charitie5. the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charitles Aci 2011. Assets and liabilitie5 are initially reco8nised at historical cost or transaction value unless oiherwise staled in the relevani a¢couniin8 policy. The financial statements have been prepared to give a-true and fairf view and have departed from the Charities IA¢¢ounts and Reports) Regulations 2CQ8 only to the extent required to provide a °Irue and fair" view. This departure has involved following the Charities SORP IFRS1021 published in October 2019, rather than the Accouniin8 and Reportin8 by Charities Statement of Recommended Practice effective from l April 2005, which has since been withdrawn. The charity constitutes a publ1¢ benefil entily as defined by FR5102. The fbnancial statements are presented In sterling, which is the functional currency of the Charily. and rounded io the nearest £. Golni concern The flnancial Statements have been prepared on a 80in8 concern basis. The charitycontinues to receive donation income and the discretionary nature of 8rant expenditure miti8ates the risk of a deficit impaciin8 reserves. The current level of reserve5 and cash or inve5tmen15 held are con5ideTed sufficient to meet outstanding commitments and any liabililies as they fall due. There are no Materal uncertaintie5 about the charity's ability to continue as a goln8 concern. Income Donatlons and lewles Oonations and legacies are credited to revenue on o receivable ba515. Le8acies are recognised when the Foundation is entitled to the incorne, receipt is probable and the value of the donation can be measured with reasonable ceftainiy. No amount5 are included in ihe financial 5talements for services donated by volunteers. Gift Aid recelvable is included in in¢omÈ when there bs a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that 8ift and is trealed as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have spectfied oiherwise. Fundraising event5 Income from fundraisin8 events 15 re¢o8nised when the eveftt lakes pla. Sale of donated goods Donate(I goods relate tothe sale of second-hand uniform. Income is re¢ognised on receipt and therefore income is reco8nised when the sale takes place. It is not practical to attribute a fair value to such items.
THE CLIFTON HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Income l¢ontlnuedl Sale of merthandlse Proceeds from the sale of merchandise is recogni5ed when the sale take5 place. Expendhure Expenditvre is accrued as soon a5 a liability 15 considered probable and has been classified under headin85 that aggregate all costs related to the category. All expenditure is inclusive of irrecoverable VAT. Grants and award5 are generally linked to academic years and are recognised in the yeai io which they relate. All grants and awards are paid to Clifton High School. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and Its compllance wlth regulaiion and good practice. Inve5trnentS Investmènts are included at closing rnid-market value at the balance sheei date. Any realised and unrealised gains and losses on revaluatron Of disposals are Combined in the Staiemeni of Finèncial Activities. Income from investments in included, together with ihe related tax credil, in the yeai in which it Is receivable. Fund accountlni Unrestricted funds are funds which are available for use at the discretion of the Trvstees in furtherance of the geneial objectives of the Foundation. Restricted and endowed funds are funds which are io be used In accordance with specific restrictions imposed by donors or which have been raised by the School for particular purposes. Restrurturlni In the prfor year The Cllfton Hl8h School Foundation CIO was re8isiered on 6 lanu)ry 2023 wilh charily number 1201516. Its objects are consisient wilh those of ihe old charity with ¢harity fe8isiraiion number 1071385, which ha5 since been linked to the new ¢harity. The effeuive date of the mergèr w4$ 8 March 2023. The financial Statements for the comparative period were prepared on ihe basis thai the new CIO had always been in place in a¢¢ordance with the principles of merger accounting. The Statement of Financial Activities for 2023 reflect the combined entitie5 from the beginninB of the year.. assets. liabilities and funds at the balance sheet date are those of the cornbination. There was no restatement to fair values arisin8 because of restructuring. Further detalls are set out in Note 13 and Note 14.
THE CLIFfoN HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Iorne from donatlons and Iwdes Unfestricted funds 12m to31 Au8U5t 2024 Restricted Endowment funds funds 12m to 31 12m to 31 August 2024 August 2024 Total Total funds Funds 12m to 31 12m to 31 August 2024 Aygusi 2023 Donations and le8acles 71,077 78,454 SW 150,031 58,942 71.077 78A54 150,031 58.942 12m to 31 August 2023 30.063 28J79 58,942 Included in donations and le8acies are legacies of £60.5W12023.' £Nill. Costs of fal9 fvnds Unrestflcted funds 12m 1031 Au8U5t 2024 Re5tri¢ted Endowment fund5 funds 12m to 31 12m to 31 August 2024 August 2024 Total Total funds Funds 12mto31 12m to 31 August 2024 Au8USt 2023 Costs of fundTaisin8 evenis Investment manager lee5 20.IS7 37,698 1.955 39.653 57.85S 1,955 59AIO 32,763 1.993 34,7$6 20,157 12m to 31 August 2023 31.201 3,555 34.756 Other award5 Unrestrlcled funds 12m to 31 August 2024 Restricted Endowrnent fvnds funds 12m 10 31 12m to 31 August 2024 August 2024 Tolal Total funds Funds 12m to 31 12m to 31 August 2024 Au8tist 2023 Equipment grants Pri2es 9,225 9,225 18,661 150 18,811 9.225 9.22S 12rn to 31 August 2023 18.661 18,811 io
THE CLIFfoN HIGH SCHOOL FOUNDATION NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Governance costs Unre51rirted funds 12m to 31 August 2024 flestried Endowment Total Total funds funds fund5 Funds 12m to 31 12m to 31 12mto31 12mlo 31 August 2024 August 2024 August 2024 August 2023 Independent examination 4,7CQ 4.70) 2,670 12m to 31 August 2023 2.670 2.670 Net Incomellexpendlturel During the year no Trustee5 received any remuneration or benefits in kind12023'. Nill. No Trusiee received relrnbursement of expenses in either the current period or previous year. There were no employees in the Curreni or previous period. No employee received remuneratlon amountlng lo more than £60.C(#J in either year. FSxed asset Sn¥estmtnts Listed Investments Market value At I September 2023 Additions Disposals Revaluation At 31 August 2024 405,171 5,556 15,4181 33,110 438,419 Historical cost 368.869 Materlal Investments representlnl at Itast 5% of ihe portfollo by market ¥alue 2024 2023 M&G Charifund units COIF Fixed Interest Fund COIF Global Equity Income Fund 67.071 71.182 67,315 63.684 138,878 124,041 li
THE CLIFTON HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Debtors 2024 2023 Owed by Clifton Hl8h School A¢¢rued in¢ome Prepayments 46 65,541 50 65.637 52 1,388 50 1.490 Credltors 2024 2023 Trade creditors Owed to Clifton High School Grant5 awarded not yet paid Accruals 120 5.119 1.900 8.059 18.440 5,170 25.579 13.229 12
THE CLIFfoN HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 io. Statement of funds Statement of funds current perlod 8alan¢e at 31 Au8115t 2023 Income Expenditure Tran5feTs inlout Gains/ Balance at Ilossesl 31 Au8USt 2024 Endowment lunds Garraway Scholaiship Addison Phillips Scholarship Glenday Scholarship 159.282 60,549 190,057 10,119 6.523 16,468 169.401 67.072 207,025 500 Total funds 409A88 33.110 443.498 Restrlcted funds Garraway Scholarship Addison Phtllips Scholarship Glenday Scholarship ISO" Anniversary Appeal Dlngwall Riison Capital fund Equipment Hardship fund Other Total restrlrted fvnds 5,275 43.283 3.767 21.672 4.843 3,722 105.117 4,285 21,898 23.989 2 20 124.344 117,7231 6,380 47,043 20,718 93.038 4.285 15.7971 137,6991 21,898 121,8981 23,989 20 189.093 119.795 61.4191 6,380 Unre5trlrted funds General funds Oeslgnated funds 58.C67 96.346 109,334 20.103 167.401 116.449 135,4311 118,982 123,057 242,039 16.3801 35A311 16.3801 Total of fund5 701.633 236.744 196A50) 35,103 874,630 Endowment fvnds The Garraway Scholafship fund is for the piovision of scholarships or bursaries for pupils attending Cllfton Hlgh School. Awards are made according to nee(1 rather than merit. Children of alumni of that School may be given Special consideiaiion, but the award is not limited in this way. Award5 are subject to annual review. The Addison Phillips S¢holarship fund is for the provision of scholarships for pupils attending Clifton High School. Awards are primarily made in the form of one-off grants. The Glenday Scholarship is for the provision of scholarships for pupils attendin8 aifton High School. Rèstrlrted funds The Garraway, Addison Phillips and Glenday Scholafship funds are described above. The restricted funds represent at any time the unspent income 8enerated by the respective endowment. 13
THE CLIFTON HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 io. Statement d tunds Icontinuedl The 150 Anniversary Fund. which incorporates the former Rosarian Schol#r5hip and Capital funds. and relates to the fundraisinB appeal linked to the S¢hoofs ISO" Anniversary, is for the support bursaries and scholarships of pupils at Clifton Hi8h School, as well as for capital projects and the School's environmental sustainability goals. The Dingwall Rit50n fund was fofmed during the year following the transfer of funds previously held bv alumni to Clifton High School and is for the support of bursaries. The Capital fund is for the 5UPPOTt of major capltal projects at Clifton High School, Particular ihose relating to major building projects. During the year the Trustees resolved to incorporate this into the 150. Anniversary Fund. whose purpose5 overlap. The Equipment lund is for the 5UPPOrt of smaller items of eqLtipment. The Hardship Fund wa5 established to provide hardship support to families impaued financially by Covid-19. oihei restricted funds refers to a ran8e of smaller donation5 where the purpose of the donation may be restricted to an area of support particularlv important io the donor. but noi otherwise covered by pfe-existing funds. DesSgnated funds Des18nated funds are funds of an unrestricted nature the trustees have set aside specifically for scholarshlps and bursaries. Transfers between fvnds Unrestricted Restricted Endowment funds funds fund5 12m to 31 12m to 31 12m to31 August 2024 Au8USt 2024 Au8USt 2024 Grants in excess of restricted funds available Designated fund Garraway Scholarship 16,3801 6,380 Con501idation of fund5 Capital fund ISO Anniversary fund 121.8981 21,898 Following a request for hardship support, during the year the Foundation granted Garraway awards in excess of ihe restricted funds naturally generated by the endowed Investments. The balance wa5 funded out of designated funds. During the year the trustee5 resolved to consolidate the Capital fund inio the 150 Anniversary fund given the overlap in purposes beiween the two funds. 14
THE CLIFTON HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 io. Statement of funds Iconilnued) Statement ol funds pr5or perlod Balance at 31 Au8U51 2022 Income Expenditure Transfers Gains/ Balance at inlout Ilossesl 31 August 2023 Endowment fvnds Garraway ScholarshSp Addison Phillips Scholarshlp Glenday Scholarship 170.094 63,852 187,198 110.8121 13.3031 2,859 159.282 60,549 190,057 Totsl funds 421.144 111.2561 409.888 Restrlrted funds Garraway Scholarship Addison Phillips kholarshlp Glendèy Scholarship R05arian Scholarship Dlngwall Ritson Capital fund Equipment Hardship fund Other Total restrlrted lunds 16,421 39,753 18.475 1.355 5,724 3.680 4.699 4,012 4,285 116.8701 Iisoi 11.5021 11,6451 5,275 43,283 21.672 3,722 4,285 21,898 23,989 200 20 124,344 21.898 23.989 2¢J) 20 98,122 46.389 20.167 Unrestrlrted funds General funds Designated funds 35.C*)4 76,628 81,775 27,559 116,779 104.187 153,5651 58.067 109,334 167,401 53.5651 Total of lunds 636.045 ISO.576 173.7321 111,2561 701,633 15
THE CLIFTON HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ii. Anatys15 of net assets between funds Current period Fixefj asset investments Current Creditors assets due within one year Total Endowment funds Restricted funds Unrestricted funds 438.419 5.079 190.993 11.9001 265,718 123.6791 443,498 189,093 242.039 438.419 461,790 125,5791 874,630 Prlor year Fixed asset investments Current Cre<litors assets due withln one year Total Endowment funds Restricted funds Unrestricted funds 405.171 4.717 130.053 174.921 409,888 124,344 167,401 15,7091 17.5201 405.171 309.691 113,2291 701,633 16
THE CLIFTON HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. Comparatlve Statemeni of Flnandal Act1¥1 for the 12 months ended 31 August 2023 Unrestricted funds 12m to 31 Au8USt 2023 Restricted Endowment Total Total funds funds funds Funds 12m to 31 12m to 31 12m to 31 12m to 31 August 2023 August 2023 Au8U5I 2023 August 2022 Note In¢ome from: Donations and legacies FundraSslnB events Sale of donated goods Sale of merchandise Investment income Bank interest School deposlts retained Total Income 30.063 37,087 5,297 3,780 28.879 3,407 58.942 40,494 5.297 3,780 14,103 401 27,559 150.576 15.019 13,889 4.802 14.103 13,270 621 31,097 78.698 401 27,559 104.187 46,389 Empendlture on: RaSsln8 lunds Scholarships and bursaries Other awards Support Governance Total expendlture 31,201 3,5$5 16,377 Iso 85 34,756 16,377 18.811 1,118 2,670 73,752 14,662 6,257 2.863 320 4,200 28,502 18.661 1.033 2,670 53,565 20,167 Net income before investment Ilossesllgalns $0.622 26.222 76 50,396 Realised11055esl on investments Ursrealised Ilosse51 on Investments 16511 16511 12,6661 110.6051 110,6051 128.1651 Net movement In funds 50.622 26,222 111.2561 65,588 19.565 Re¢onclllatlon of funds.. Total funds brought forward 116.779 98.122 421.144 636,045 616.480 Total funds Carrled forward 167.401 124.344 701.633 636,045 17
THE CLIFTON HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. Analysls of prlnclpal Statement of Fin•ndal Adlvltles components for the year ended 31 August 2023 Charity Chanty Charity number number numbèr 1071385 1201516 1201516 Ipre-meigerl Ipie-mer8erl Ipost-mergerl Combined total 12m to 31 August 2023 Total income Total expenditure Net income before Investmeni Ilossesllgains 78,261 141.3361 72.315 132,3961 150.576 173,7321 36,925 39.919 76,844 ILos5esl on investments 16,$081 14.7481 111.2561 Net movement In funds 30.417 35,171 65.588 All Income and expenditure in the previous reportin8 perlod. being the 12 months to 31 August 2022, related to the old charity1107138SI. 14. Analysls of net ass$ •t the date ol meryr Charlty number 1071385 Charity number 1201516 Combined total Net assets 666.461 666,461 Represented by.. Endowrnent funds Restricted funds Unresiricted funds 414.635 93,569 158.257 414,635 93,569 158,257 Nei movèment In funds 666.461 666,461 18
THE CLIFTON HIGH SCHOOL FOUNDATION INDEPENDENT EXAMINER'S REPORT Report to the trustees of The Cllfton Hl8h Sch¢)ol Foundatlon Icharlty Number 12015161 on the actounts for the rIOd ended 31 August 2024 set out on pages 6 to l& I report to the trustees on my examination of ihe accounts of the al)ove charity 1.the CIO-I for the period ended 31 Au8USt 2024. Re5pon51bllltle5 and ba5 of report As ¢he ¢harlty's tiustees. you are responsible for the preparation of the account5 in accordance with thÈ requirements of the Charities Act 20111.lhe Aci~l. I report in respect of my examination ol the Cl(Ys accounts Carried out (rnder secrlon 145 of the 2011 Act and in carrying out my examination, I have followed all applicable Directlons given by the Charity Commission under section 145151 Ibl ol the Ad. Independent examlnerfs ststement I have completed my examlnation. I confirm thai no mateflal matters have come to my attentlon In connection wlth the examination which 8ives me cause to believe thèt in, any material respect.. The accounting records were not kept in accordance with sertlon 130 of the Charities Act. or The accounts did noi aceord with the accountin8 records.. Of The accounts did not comply with ¢he applicable fequirements concerning the form and content of c¢¢uftts set out in ihe Charities (Accounts and Reports) Regulations 2008 other than anv requirement that the account5 8ive a '¢rue and fairf 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 connertion with ihe examlnation to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Helen Blundell LLB FCA FCIE DChA Member of the Institute of Chartered A¢countants in England and Wales Crowe UK LLP Black Country House Rounds Green Road Oldbury West Midlands B69 20G Date.. 22 January 2025 19