THE ROBERT ROGERS EDUCATIONAL FOUNDATION Charity Number 1211275 TRUSTEE'S ANNUAL REPORT AND ACCOUNTS Year ended 30 June 2025
THE ROBERT ROGERS EDUCATIONAL FOUNDATION The Trustee's Annual Report for the year to 30 June 2025 The Robert Rogers Educational Foundation (the 'charity'l derives from the Will Trust of Robert Rogers dated I I September 1601. The charity's registered address is 7 St Helen's Place London EC3A 6AB. The charity's Trustee is The Leathersellers, Company acting through its Court of Assistants. The members of the Court are listed on page 2. The charity's objects are for the provision of graats for studer)ts of English Universities. The net receipts of the charity are transferred during the financial year to the Leathersellers, Foundation la connected charity) for its Student Grants Scheme. The charity was registered with the Charity Commission on 5 December 2024. An update to the objects was approved by the Charity Commission on the 17 September 2025. The amended objects are as below: "To apply the income of the Foundation in the provision of Univer51ty Exhibitions to be awarded under rules to be made by the Company, including Tules as to the number. value and period of tenure of the exhibitions, to candidates who satisfy the Company that they are in need of financial assistance. Exhibitions awarded shall be tenable at any university in England, and will be awarded on the basis of an assessment made by the Company as to the extent of candidates. financial need." Income is provided from The Robert Rogers and Elizabeth Grasvenor Trust and permanent endowments. During the year the cash deposit was invested in CCL4 COIF Charities Investment Fund and a small M&G Charibond Charities Fixed Interest Common Investment Fund was closed and the value transferred to M&G Charifvnd units. Accordingly at the end of the year the permanent endowment5 are held in the form of investments in CCLA COIF Charities Investment Fund and M&G Charifund. The charity made payments to beneficiaries in the year to June 2025 totalling £37,594 for the support of The Leathersellers, Student Grants Scheme. When setting the objective5 and planning the work of the charity for the year, the Trustee has given carefvl consideration to the Charity Commission's general guidance on public benefit. ststement of Trustee's responsibilities The Trustee is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the applicable Charity (Accounts and Reportsl Regulations and the provisions of the charity's trust deed. The Trustee is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5.
THE ROBERT ROGERS EDUCATIONAL FOUNDATION The Trustee's Annual Report for the year to 30 June 2025 In accordance with Section 133 of the Charities Act 2011, as the charity's gross income does not exceed £250,000, the Trustee has elected to prepare a receipts and payments account and a statement of assets and liabilities as its annual statement of accounts. Approved by the Trustee on 3 December 2025 and signed on its behalf by.. MDJDove
THE ROBERT ROGERS EDUCATIONAL FOUNDATION Members of the Court of Assistants of the Leathersellers. Company for the year ended 30 June 2025 R N Tusting MA CANTB MBA MDJDove MDJDove D.H. Barrow Master To 23 July 2025 From 23 July 2025 To 23 July 2025 From 23 July 2025 To 23 July 2025 From 23 July 2025 To 23 July 2025 From 23 July 2025 Master Second Warden Second Warden R T Preston C.J. Curtis S Cheng KC E.A.W. Dove Third Warden Third Warden Fourth Warden Fourth Warden Assistsnts: R N Tu5ting MA CANTB MBA M G Williams C J Lennon G G Bacon C P Barrow J A M Muirhead OBE DL C C Barrow M J Bradly Russell FCA A A Barrow M W Pebody BA M P E Pellereau Bsc FRICS WJCLang R J Chard Dr T J C Fooks FRCGP H G Williams S M G Williams C T G Williams WRJCock A E Tusting M T Berman J S Holme5 JDGCurtis C J V Williams (from 4 December 20241 Prof A B Brueggemann Msc DPhil (from 4 December 20241 Changes after the Year end On 23 July 2025 M D J Dove was elected Master and D H Barlow was elected Second Warden. The Third and Fourth Wardens retire from the Court annually. On 23 July 2025 C J Curt15 and E A W Dove were elerted Third and Fourth Wardens, respectively. C P B Barrow retired from the Court on 23 July 2025 and A P Rothery was elected as an Assistant to the Court on 15 October 2025. With these exceptions and as noted above all the people listed were members of the Court of Assistants on 3 December 2025.
THE ROBERT ROGERS EDUCATIONAL FOUNDATION Independent Auditorfs Report to the Trustee of The Robert Rogers Educational Foundation Opinion We have audited the account and statement of The Robert Rogers Educational Foundation Ithe 'charity'l for the year ended 30 June 2025 which comprise the receipts and payments account, the year ended 30 June 2025 which comprise the receipts and payments account, the statement of assets and liabilities and the notes to the aicounts. including the principal accounting policy. The financial reporting framework that has been applied in their preparation is applicable law and the receipts and payment5 basis. In our opinion. the account and statement.. • properly present the receipts and payments of the charity for the year ended 30 June 2025 and its assets and liabilities as at the end of that year.. • adequately distinguish any material special trust or other fund of the charity other than an unrestricted fund.. and have been piepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audil in accordance with International Standards on Auditing (UK) IISAS IUKII. and applicable law. Our responsibilities under those standards are further desiribed in the auditor's responsibilities for the audit of the account and statement section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the account and statement in the UK including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 15 Sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concem In auditing the account and ststement. we have concluded that the Trustee's use of the going concern basis of accounting in the preparation of the account and statement is appropriate. Based on the work we have performed. we have not identified any material uncertaintie5 relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the account and statement are authorised foi issue. Our responsibilities and the responsibilities of the Trustee with respect to going concern are described in the relevant sections of this report. Other information The Trustee is re5pon5ible for the other information. The other information comprises the information included in the Trustee's annual report and accounts other than the account and statement and our auditor'5 report thereon. Our opinion on the account and statement does not cover the other information and we do not express any form of assurance conclusion thereon.
THE ROBERT ROGERS EDUCATIONAL FOUNDATION Independent Audltorfs Report to the Trustee of The Robert Rogers Educational Foundation Other infonnation Icontinuedl Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the account and statement or our knowledge obtained in the audit or othe1$e appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material rnisstatement in the account and statement. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fart. We have nothing to report in this regard. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustee's annual report. We have nothing to report in respert of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. • the inlormation given in the Trustee's annual report is inconsistent in any material respect with the account and statement-, or sufficient accounting records have not been kept or • the account and statement are not in agreement with the accounting records,. or we have not received all the information and explanalions we require for our audil. ResFy)nsibilFties of Trustee As explained more fully in the statement of Trustee's responsibilities, the Trustee is responsible for the preparation of the account and statement and for such internal control as the Trustee determine is necessary to enable the preparation of an account and statement that is free from material misstatement, whether due to fraud or error. In preparing the accoufjt and statement, the Trustee is sponSible for assessing the charity's ability to continue ag a going concern. disclosing, as applicable, matters related to going concern and using the going concern basi5 of accounting unless the Trustee either intends to liquidate the charity or to cease operations, or ha5 no realistic alternative but to do so. Auditorfs responsibilities for the audit of the account and statement We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the account and statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor'5 report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (u will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the
THE ROBERT ROGERS EDUCATIONAL FOUNDATION Independent Auditor's Report to the Trustee of The Robert Rogers Educational Foundation Auditorfs responsibilities for the audit of the account and statement (continued) aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of this account and statement. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing the risks of material ffli5Statement in respect of irregularities, including fraud and non-compliance with laws and regulations. was as follows.. • we identified the laws and regulations applicable to the charity through discussions Wlth those charged with governance and other management, and from our knowledge and experience of the sector. We assessed the susceptibility of the charity's account and statement to material misstatement, including obtaining an understanding of how fraud might occur by= making enquiries of management as to their knowledge of actual, suspected and alleged fraud,. and considering the internal controls in place to mitlgate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected financial relationships. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. reading the minutes of meetings of those charged with governance,. and enquiring of those charged with governance and management as to actual and potential litigation and claims. There are inherent limitations in our audit procedures described above. The more removed that laws and regylations are from financial transactions, the less likely it is that we would become awaie of non-compliance. Auditing standards also limit the audit procedures required to identify non- compliance with laws and regulations to enquiry of the Trustee and other management and the inspection of regulatory and legal correspondence. if any. Material misstatements that arise due to fraud can be hardei to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statemenls is located on the Financial Reporting Council'5 website at www.frc.org.uk/auditorsresponsibililies. This description forms part of our auditorfs report.
THE ROBERT ROGERS EDUCATIONAL FOUNDATION Independent Auditorfs Report to the Trustee of The Robert Rogers Educational Foundation Use of our report This report is made solely to the charity's Trustee. as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Trustee those matters we are required to state to it in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other thari the charity and the charity's Trustee as a body, for our audit worl for this report or for the opinions we have formed. Buzzacott Audit LLP Statutory Auditor 130 Wood Street London EC2V 6DL 5 December 2025 Buzzacott Audit LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
THE ROBERT ROGERS EDUCATIONAL FOUNDATION Receipts And Payments Account for the Year Ended 30 June 2025 2025 2024 Recelpts Investment Income Bank Interest Received 6.799 145 5.775 520 Income from Investments 6.295 Income from Trusts The Robert Rogers and Elizabeth Grasvenor Trust 33,010 31,932 Totsl Recelpts 39,954 3&227 Payments Dirert Charitable Expenditure Payments to Beneficiaries The Leathersellers. Student Grants Scheme 37,594 35,367 Totsl to Beneficiaries 37.594 35.357 Other Expenditure Purchase of investments CCLA COIF Charities Investment Fund Audit Fees Other expenses 102,501 2.340 20 2,840 20 Total Payments 141455 38.227 Net Payments for the Year {10a501) Cash and Bank Balances at 30 June 2024 102,501 102,501 Cash and Bank Balances at 30 June 2025 101501 The notes on page 10 lonn part olthese accounts.
THE ROBERT ROGERS EDUCATIONAL FOUNDATION Statement of Assets and Liabilities at 30 June 2025 2025 2024 Morbetsry Assets Bank and Cash Balances Bank deposit accounts 102,501 101501 Non -Monetsry Assets Aggregate Permanent Endowments (Oted Investrnents: Units Cost Market Value Held by Trustee CCLA COIF Charities Investment Fund Inc M & G Charifund Income Units M & G Charifund Income Units (exchanged from Charibond units due to closure of that fund) 4,988 6,512 227 102,501 4.812 3,549 96,835 102,432 3,575 110,862 202,842 The account set out on page 8 for the year ended 30 June 2025 and the Statement of Assets and Liabilities at that date set out above, together with the notes on page 10 were approved by the Trustees on the 3 December 2025 and were signed on its behalf by.. LITL MDJDove The notes on page 10 fonn part of these accounts
THE ROBERT ROGERS EDUCATIONAL FOUNDATION Notes to the Accounts for the year to 30 June 2025 Principal Accounting Policy- Basis of Accounting The accounts have been prepaied on a receipts and payments basis and comply with the requirements of Section 133 of the Charities Act 2011. Connected Charities The Leathersellers, Company and the Clerk of the Leathersellers. Company each act as a Trustee of the Leathersellers, Foundation. The Leathersellers. Company also acts as sole trustee. or its members provide a majority of trustees. to other charities as below. The Leathersellers. 8arnet Charity The Robert Rogers and Elizabeth Grasvenor Trust The National Leathersellers. College Colfe's Educational Four)dation Colfe's School The Leathersellers. Federation of Schools became a connected charity when it became a multi-academy trust in January 2024 Transartions Wlth connected charities were as follows-. P.eceipts during the year were.. 2025 2024 Trusts The Robert Rogers and Elizabeth Grasvenor Trust 33,010 31,932 The Trust provides funds for the Leathersellers, Company Student Grants Scheme. via The Leather5ellers' Foundation la connected charityl which distributes the funds provided by several Trusts for Studeni Grants. Payment to this scheme during the year was.. 2025 2024 Trust5 The Leatherselleis, Foundation - Student Grants Scheme 37,594 35,367 There were no other transactions with connected charities or The Leathersellers. Company duiing the year under review or the previous year. 10