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2025-08-31-accounts

Charity registered number: 1202506

MOSSBOURNE CHARITABLE TRUST CIO

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

MOSSBOURNE CHARITABLE TRUST CIO

CONTENTS PAGE

FOR THE YEAR ENDED 31 AUGUST 2025

Pages
Legal and administrative details 1
Report of the trustees 2 - 7
Independent examiner’s report 8
Statement of financial activities 9
Balance sheet 10
Statements of cash flows 11
Notes to the financial statements 12 - 17

MOSSBOURNE CHARITABLE TRUST CIO

LEGAL AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 AUGUST 2025

TRUSTEES

Daniel Flitterman Gee Ki So Dr Shagayegh Javadzadeh Jennifer Watson CBE (Vice-Chair) Rupert Uloth Sylvie Pierce MBE (Chair) Eric George Reynolds Helen Kihmm-von Preyss Claire Fisher Jason Phillip Vickers

(resigned 31 March 2025)

(appointed 14 July 2025) (appointed 3 March 2025)

PRINCIPAL ADDRESS

Mossbourne Community Academy 100 Downs Park Road London E5 8JY

INDEPENDENT EXAMINER

Tracey Young HaysMac LLP 10 Queen St Place London EC4R 1AG

BANKERS

National Westminster Bank Plc 250 Bishopsgate London EC2M 4AA

CHARITY NUMBER

1202506

1

MOSSBOURNE CHARITABLE TRUST CIO

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

The Trustees present their annual report and the financial statements of Mossbourne Charitable Trust CIO, together with the financial statements and independent examiner’s report for the period from 1 September 2024 to 31 August 2025. The Trustees confirm that the annual report and financial statements comply with current statutory requirements, the governance requirements of the Charity and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Ireland (FRS102) (effective 1 January 2019).

Objects

Mossbourne Charitable Trust CIO exists to advance the education of pupils of Mossbourne Federation academies in Hackney, by supporting the Federation's extra-curricular and enrichment programmes, and awarding grants and prizes.

Our Aims

Mossbourne Charitable Trust CIO (the “Charity”) supports extra-curricular enrichment programmes for students attending Mossbourne Federation schools in Hackney. These schools serve a community where:

Funded Programmes and Activities

During the 2024/25 academic year, the Charity's support contributed to the following programmes:

Careers – Livery Academy Awards An annual entrepreneurship competition designed to
help Year 12 students cultivate their business acumen,
public speaking skills, and financial literacy.
Cultural Enrichment – Grocers' Platinum Jubilee
Scholars		 Grants for two students to travel abroad during the
summer holidays to work as volunteers on community
service projects.
Cultural Enrichment – Jordan exchange Mossbourne Community Academy hosted students and
staff from the King’s Academy, Jordan during the first
leg of an exchange between the two schools;
Mossbourne students and staff will then visit Jordan in
October 2025.
Higher Ed – Bourne University Scholarships Stipends for three students who would be unable to
attend university without financial support.

2

MOSSBOURNE CHARITABLE TRUST CIO

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Programme Description
Higher Ed – University interviews A small grant to cover the cost of a student’s train ticket
to Cambridge for a university interview; her family could
not afford to pay the fare.
Music – Apollo Music Project Workshops are designed to raise primary school pupils’
engagement with classical music and inspire them to
learn to play a musical instrument.
Music – Honor Uloth Music Scholars Funding forperipatetic music tuition for talented and
committed music students whose families cannot afford
to pay the lesson fees.
Music – Instruments An in-kind donation of a baby grand piano.
Music – Rochester Cathedral Concert Funding for the primary school choirs to perform
alongside the professional choral group, Vox Urbane, at
Rochester Cathedral. The trip also included a visit to the
Huguenot Museum in Rochester.
Music – Vox Roots Workshops Workshops are designed to raise primary school pupils’
engagement with choral singing and provide the strong
technical foundation needed to build their musicianship
and performance skills.
Skills Development – Debate Mate A weekly afterschool debate club during which students
sharpen their critical thinking and public speaking skills,
build their self-confidence, and learn to research and
defend various viewpoints.
Skills Development – Rowley Pierce Prize An annual competition that challenges Y12 students to
take a unique and personal approach to exploring a
specific themeset by the judging panel.
Sport – Rowing In partnership with London Youth Rowing, the
Federation runs a free rowing programme that gives
students access to a sport that promotes physical, social,
and mental wellbeing as well as self-confidence,
resilience and teamwork.

3

MOSSBOURNE CHARITABLE TRUST CIO

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Financial review

Results of the year

In its second period of operation, the Charity raised £581,890 (2024: £60,800), from:

During the financial year, the Charity has also received investment income of £4,752 (2024: £Nil).

As set out in the Statement of Financial Activities, the Charity invested £53,802 (2024: £25,050) in Charitable Activities and spent £24,565 on operations, including payroll (2024: £4,554).

At the Balance sheet date, the Charity holds funds amounting to £539,471 (2024: £31,196), of which £463,467 (2024: £14,746) is held in general unrestricted funds, whilst there are restricted funds carried forward of £76,004 (2024: £16,450).

Reserves policy

In the Trustees’ view, the reserves should provide the Charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future. The Trustees propose to maintain the Charity’s reserves at a level which is at least equivalent to six month’s operational expenditure, approximately £39,000 (2024: £14,000). Currently the level of free reserves is in line with the policy. The Trustees have reviewed the level of reserves and remain satisfied that the Charity is a going concern.

Restricted Funds

The majority of the funds held by the Charity are unrestricted and can be used for any purpose that supports the Charity’s mission, from launching new initiatives designed to broaden young peoples’ horizons to covering daily operating expenses.

However, some of the funds held by the Charity have been designated for specific purposes and the Trustees have a duty to respect donor wishes and only use those funds as the donors intended.

Restriction Source Amount held
Architecture Programme Grant – Worshipful Company of Grocers £15,600
Architecture Programme Donations – Mossbourne Federation £12,800
Music – General Donations – Mossbourne Federation £28,249
Music – Honor Uloth Fund Grant – Worshipful Company of Grocers £13,590
Music – Honor Uloth Fund Donations – Mossbourne Federation £1,205
Rowing Programme Donations – Mossbourne Federation £2,360
Sixth Form Donations – Mossbourne Federation £2,200
TOTAL £76,004

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

4

MOSSBOURNE CHARITABLE TRUST CIO

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Structure, governance and management

Constitution

Mossbourne Charitable Trust was registered as a Charitable Incorporated Organisation (CIO) on 28 March 2023. The governing document (the 'Constitution") sets out the objects and powers of the Charity and governs the actions of the Trustees.

Recruitment and Appointment of Trustees

Trustees are recruited and appointed in accordance with Section 10 of the Charity's Constitution, namely:

For the avoidance of doubt, the Charity's Board retains full discretion as to whether to appoint a Trustee or not.

lnduction and training of trustees

The Trustees will make available to each new Trustee, on or before his or her first appointment:

Organisational and decision-making structure

The Board of Trustees governs the Charity on a voluntary basis. Daily management of the Charity is delegated to the Executive Director, who, in February 2025, became the organisation's sole employee.

The Trustees hold at least three meetings per year to, inter alia, receive and consider grant applications and reports from the Executive Director, review the Charity’s finances, and monitor the achievement of the objectives of the Charity. On this basis, the Charity’s broad strategy, grant-making and risk management are also reviewed.

The Chair is in regular contact with the Executive Director to review progress and contribute to the activities of the Charity.

Risk Management

The Trustees maintain a system of controls to mitigate risks, including regular board meetings and analysis of potential threats such as insufficient reserves, the loss of key staff, or events that lead to reputational damage.

In December 2024, the City & Hackney Safeguarding Children Partnership launched a Local Child Safeguarding Practice Review of Mossbourne Victoria Park Academy (MVPA). The review was prompted by concerns raised about the implementation of the academy's behaviour policies.

In line with the Charity’s objectives, the Trustees have awarded grants to MVPA which funded peripatetic music lessons, choral singing workshops, and the academy’s rowing programme. The Trustees are not aware of any complaints about the application of MVPA’s behaviour policies during the activities funded by the charity.

5

MOSSBOURNE CHARITABLE TRUST CIO

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

However, as an academy the Charity supports is under review, the Trustees recognise there is a risk that the Charity’s reputation will be damaged by association. The Trustees are confident in the Charity’s ability to proactively manage the reputational risk by maintaining:

The Charity does not have any control over how MVPA applies its behaviour policies. However, the Charity does require grant recipients to submit detailed impact reports, including information about student engagement and well-being. This gives Trustees standing to raise any concerns they may have about how the activities the Charity funds are being run. Also, a grant applicant’s safeguarding policy is part of the supporting documentation the Charity requires during the grant application process.

To date, the review has not affected the Charity’s finances. However, the Trustees recognise the risk the review poses to the Charity’s ability to fundraise and have adjusted the organisation’s fundraising strategy and financial forecasts accordingly.

Public Benefit Statement

The Trustees confirm that they have complied with the requirements of Section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Future Activities

Looking ahead to the next financial and academic year, we plan to continue to focus on the delivery of our core mission of broadening horizons and raising aspirations and students’ self-confidence through extra-curricular enrichment programmes.

With the increasing economic hardship experienced by Hackney students and their families, we will continue to ensure that all students, including the most disadvantaged, are able to fully participate in programmes that stretch their learning outside the classroom. We plan to continue to achieve this by removing the financial barriers that block their access to extra-curricular enrichment opportunities.

We also will look to meet specific gaps in provision identified by the Hackney academies. These include but are not limited to:

Indications are that the difficult fundraising climate of 2024/25 will continue. However, we are confident that we will be able to build an increasingly diverse and sustainable stream of income that will safeguard our ability to support programmes both in the short-term and in the longer term.

6

MOSSBOURNE CHARITABLE TRUST CIO

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Statement of Trustees' Responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the Trustees 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 income and application of resources, including the income and expenditure, of the charity for that year. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act. 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.

7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MOSSBOURNE CHARITABLE TRUST CIO

FOR THE YEAR ENDED 31 AUGUST 2025

I report to the Trustees on my examination of the accounts of Mossbourne Charitable Trust CIO ('the Trust'), for the year ended 31 August 2025, which are set out on pages 9 to 17.

Responsibilities and basis of report

The trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the 2011 Act"). The trustees are satisfied that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and have chosen instead to have an independent examination.

I report in respect of my examination of the Trust's accounts as carried out under section 44 (1) ( c) of the 2005 Act and section 145 of the 2011 Act. In carrying out my examination I have followed the requirements of the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s income is in excess of £250,000, your examiner must be a member of a body listed I the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the 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 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 in order to enable a proper understanding of the accounts to be reached.

Tracey Young ACA HaysMac LLP

10 Queen Street Place London EC4R 1AG

Date: 6 May 2026

8

MOSSBOURNE CHARITABLE TRUST CIO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted Restricted Total Total
Funds Funds 2025 Period from
28 March
2023 to 31
August
2024
Notes £ £ £ £
Income from:
Donations and legacies 5 470,779 111,111 581,890 60,800
Bank Interest 4,752 - 4,752 -
───────── ──────── ───────── ───────
Total income 475,531 111,111 586,642 60,800
───────── ──────── ───────── ───────
Expenditure on:
Charitable activities 6 2,245 51,557 53,802 25,050
Support costs 7 24,565 - 24,565 4,554
───────── ──────── ───────── ───────
Total expenditure 26,810 51,557 78,367 29,604
───────── ──────── ───────── ───────
Net movement in funds 448,721 59,554 508,275 31,196
───────── ──────── ───────── ───────
Reconciliation of funds:
Total funds brought forward 14,746 16,450 31,196 -
Net movement in funds 448,721 59,554 508,275 31,196
───────── ──────── ───────── ───────
Total fund carried 463,467 76,004 539,471 31,196
forward
========== ========= ========== ==========

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 12 to 17 part of these financial statements.

9

MOSSBOURNE CHARITABLE TRUST CIO

BALANCE SHEET

FOR THE YEAR ENDED 31 AUGUST 2025

2025 2024
Notes £ £
Current assets
Cash at bank 544,141 35,744
────── ──────
544,141 35,744
Current liabilities
Creditors: amounts falling due within 8 (4,670) (4,548)
one year
────── ──────
(4,670) (4,548)
Net assets 539,471 31,196
========= =========
Charity funds
Unrestricted Funds 10 463,467 14,746
Restricted Fund 11 76,004 16,450
────── ──────
Total funds 539,471 31,196
========= =========

10

MOSSBOURNE CHARITABLE TRUST CIO

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

2025 2024
£ £
Cash flows from operating activities 503,645 35,744
───── ─────
Cash flows from investing activities
Interest Received 4,752 -
───── ─────
Cash provided by investing activities 4,752 -
───── ─────
Increase in cash and cash equivalents in the year 508,397 35,744
Cash and cash equivalents at the beginning of the reporting period 35,744 -
───── ─────
Cash and cash equivalents at the end of the reporting period 544,141 35,744
======== ======
NOTES TO THE CASH FLOW STATEMENT
Reconciliation of net income to net cash flow from operating activities
Net income for the reporting period 508,275 31,196
Interest Received (4,752) -
Increase in creditors 122 4,548
───── ─────
Net cash provided by operating activities 503,645 35,744
======== ======

The notes on pages 12 to 17 part of these financial statements.

11

MOSSBOURNE CHARITABLE TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. General Information

Mossbourne Charitable Trust CIO is a charitable incorporated organisation, registered in England and Wales, with the charity registration number 1202506. Its registered office is Mossbourne Federation, 100 Downs Park Road, E5 8JY. The principal objectives of the Charity are set out within the Trustees' Report, on page 2.

2. Statement of Accounting Policies

a) Basis of accounting

The financial statements have been prepared in accordance of with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS l 02) (effective 1 January 2019), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in UK Sterling, which is the Charity's functional currency, and rounded to the nearest pound.

b) Going concern

The Trustees assess whether the use of going concern is appropriate, whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a year of at least one year from the date of authorisation for issue of the financial statements and have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

c) Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

d) Expenditure

Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of resources.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Grants payable are payments made to third parties in furtherance of the charitable objects of the charity. Grants are accounted for when either the recipient has a reasonable expectation that they will receive the grant, and the Trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the charity.

All expenditure is inclusive of irrecoverable VAT.

12

NOTES TO THE FINANCIAL STATEMENTS

MOSSBOURNE CHARITABLE TRUST CIO

FOR THE YEAR ENDED 31 AUGUST 2025

e) Cash at Bank and in Hand

Cash at bank and in hand includes cash and short term highly liquid investments with short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

f) Liabilities

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

g) Fund Accounting

Unrestricted Funds can be used in accordance with the entity's 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 specified restricted purposes.

h) Critical accounting estimates and areas of judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The charity does not currently have any significant accounting estimates or areas of judgement.

i) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

13

MOSSBOURNE CHARITABLE TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

3. Trustees remuneration and expenses

No remuneration was paid or is payable either directly or indirectly for the year to any trustee or to any person or persons known to be connected with any of them (2024: Nil).

No reimbursement of expenses has been made or is due to be made to any of the Trustees in respect of the year (2024: Nil).

4. Staff Costs

2025 2024
£ £
Wages and salaries 17,500 -
Pension costs 297 -
======== ======
17,797 -
======== ======

No employee received emoluments of more than £60,000.

The average number of employees in the year was 1 (2024: Nil).

The charity’s key management personnel are its trustees who are not remunerated.

5. Donations and legacies

Restricted Unrestricted Total Total
2025 2025 2025 2024
£ £ £ £
Donations 71,168 450,779 521,947 5,000
Grant received 39,943 20,000 59,943 55,800
───── ───── ───── ─────
111,111 470,779 581,890 60,800
====== ====== ====== ======
2024 40,800 20,000 60,800
====== ====== ======

14

MOSSBOURNE CHARITABLE TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

6. Charitable Activities

Restricted Unrestricted Total Total
2025 2025 2025 2024
£ £ £ £
Grants given 26,505 2,245 28,750 2,350
Scholarship awarded 23,726 - 23,726 22,700
Donation 1,326 - 1,326 -
───── ───── ───── ─────
51,557 2,245 53,802 25,050
====== ====== ====== ======
2024 24,350 700 25,050
====== ====== ======

7. Support costs

Restricted Unrestricted Total Total
2025 2025 2025 2024
£ £ £ £
Bank Charges - 26 26 6
Independent examiner’s fees - 3,822 3,822 4,548
Staff costs - 17,797 17,797 -
Subscription - 540 540 -
Insurance - 137 137 -
Advertising - 2,036 2,036 -
Other office expenses - 207 207 -
───── ───── ───── ─────
- 24,565 24,565 4,554
====== ====== ====== ======
2024 - 4,554 4,554
====== ====== ======
8. Creditors: Amount falling due within one year
Total Total
2025 2024
£ £
Accruals 4,670 4,548
====== ======

15

MOSSBOURNE CHARITABLE TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

9. Analysis of net assets between funds

----- Start of picture text -----
|||||| |---|---|---|---|---| |Restricted|Unrestricted|Total| |Current year| |2025| |£|£|£| |Cash at bank|76,004|468,137|544,141| |Creditors due within one year|-|(4,670)|(4,670)| |──────|──────|──────| |76,004|463,467|539,471| |=========|=========|=========| |Restricted|Unrestricted|Total| |Prior year| |2024| |£|£|£| |Cash at bank|16,450|19,294|35,744| |Creditors due within one year|-|(4,548)|(4,548)| |──────|──────|──────| |16,450|14,746|31,196| |=========|=========|=========| |10. Summary of funds| |1st September|At 31|[st]|August| |2024|Income|Expenditure|2025| |£|£|£|£| |General funds|14,746|475,531|(26,810)|463,467| |Restricted funds|16,450|111,111|(51,557)|76,004| |─────|─────|─────|─────| |31,196|586,642|(78,367)|539,471| |============|============= ============= =============|

----- End of picture text -----

10. Summary of funds

Prior year Summary of funds

----- Start of picture text -----
||||| |---|---|---|---| |31|[st]|August| |2024| |Income|Expenditure| |£|£|£| |General funds|20,000|(5,254)|14,746| |Restricted funds|40,800|(24,350)|16,450| |─────|─────|─────| |60,800|(29,604)|31,196| |============= ============= =============|

----- End of picture text -----

16

NOTES TO THE FINANCIAL STATEMENTS

MOSSBOURNE CHARITABLE TRUST CIO

FOR THE YEAR ENDED 31 AUGUST 2025

11. Analysis of Restricted Funds

----- Start of picture text -----
|||||| |---|---|---|---|---| |At 1|At 31| |September|August| |2024|Income|Expenditure|2025| |£|£|£|£| |Architecture Fund|7,800|20,600|-|28,400| |Music Funds|8,650|46,803|(12,409)|43,044| |Rowing Fund|-|8,935|(6,575)|2,360| |Sixth From Fund|-|34,773|(32,573)|2,200| |─────|─────|─────|─────| |16,450|111,111|(51,557)|76,004| |============|============= ============= =============|

----- End of picture text -----

Prior year Analysis of Restricted Funds

----- Start of picture text -----
||||| |---|---|---|---| |At 31| |August| |Income|Expenditure|2024| |£|£|£| |Architecture Fund|7,800|-|7,800| |Music Fund|8,650|-|8,650| |Rowing Fund|2,350|(2,350)|-| |Sixth Form Fund|22,000|(22,000)|-| |──────|──────|──────| |40,800|(24,350)|16,450| |=========|=========|=========|

----- End of picture text -----

The programmes the Charity supports are designed to broaden young people's horizons, while boosting their confidence and raising their aspirations, by way of payment of scholarship and grant funding.

12. Related party transactions

There were no related party transactions during the financial year (2024: £Nil).

17