REGISTERED COMPA14Y NUMBER.. 00041482 (England and Wales)
REGISTERED CHARITY NUM8ER: 207236
CHURCH SCHOOLMASTERS AND
LMISTRESSES. BENEVOLENT INSTITU
SCH
ON
rt f tho Trust•e5 and
Fina
rEn
Ga11￿y$ A¢cwnb"f¥J
First FILx)r
Ridgeland Ha￿se
15 Carfax
Horsham
Wesl Sussex
RH12 1DY

CHURCH SCHOOLMASTERS A
OOLMISTRESSES. BENEVOLENT INSTITUTION
Co
FOR THE YEAR ENDED 31 MARCH 2024
ments
Pag¢
Releren¢• and Administrati¥e Details
Report of the Trustees
Indgpendent Exarninarfs Repwt
ststemenl of FIng￿l•l Adivitie8
Balance Sheet
Noteg to the Financial Siaternents
10 to 15

CHURCH SCHOOLMASTERS AND
1ST
ES.
S Istntlv• Dolall
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEes
s J R Barker
Miss D Bell
Mrs P A Casiie
Mrs K Crdl
Mr5 A Heath
Dr L M Hendy
MrsKMlnd
Mrs P A Pavey
sCMS(Trtse
REGISTERED OFNCE
Fi￿t Floor
RKtgeland Hwse
15 Carfax
Horsham
Wesl Sussex
RH12 10Y
REGISTERED COMPANY NUMBER (KQ41482 {England and wa￿$)
REGISTERED CHARITY NUMBER 207236
INDEPENDENT EXAMINER
GaNoways A￿nthng
Fir51 FIIMX
Ridgeland H¢￿se
15 Carfax
Horsham
West Sussex
RH12 1DY
SOLICITORS
s￿ SL4icat(xs
50 Weslgate
Chichester
West Sussex
PO19 3HE
Page 1

CHU
CHSC
ST
VOLENT INSTITUTION
SAND
REGISTERED NUMBER: 00041482
SCHOOLMI
FOR THE YEAR ENDED 31 MARCH
The trustees. are also directors of the charity for th8 Pur￿ of the CoMpan￿S Act 2006, present their report Nlh
the financial sialements ol the charrty lor the year ended 31st March 2024. The tniste8s have adopied the provisions ol
the Accounting and Reporting by Charities". Statement Of Recommended prach"￿ applicable to Charities preparing their
ac¢ounts in a¢cor(lan¢8 With the F&nancial Rwrting Standard applicable in the UK and Repu￿1¢ of Ireland IFRS 1021
leffe¢tive 1st January 2015}.
The Church Sefthlmasters and S¢hoolmistresses' Bene￿￿ent Insbtution ICSSBII was 8Stablish8d on lh8 2nd January
1B57, beeorning a charilaue co¥npary limited by guatantee Thi June 1894. 11 is govemed by Arti(4es of AssoCial￿n which
W8r8 last amend8d by special resdulicm) on 11th May 2011.
We are extremely grateful lo those membets and friends th) continue to SL¥)wrl us and in parti0j￿r 10 our late Patron,
Her Majesty Queen Elizabeth 11 and our Vi￿P￿tron8'. His Grace the Arthbishop of Canlerbury, Hig Grace the
Archb15h<)p of York *HJ Hi% Grace the Archbishop of Wdes. We also are very pleased to thank our Presid8lll, the Right
Reverend 8nd Right Honovrablè the Loril Bishop of London DBE.
The CSSBI Council of Trustees have taken the deusion lo d05e lh8 Charity.
After rnuch thought. prayer and di$¢ussion. in D￿ernber 2022 the Trust88s d8(ided to th5e Ihe Ch8rrty. CSS81's
P8trons were notif*d or the intended dOSu￿ in Aug(tst 2023. The noti¢e of closure was pul on th& CSSBI'S websile in
September 2023. The CSS81 was Ilw dosed to new app1icatr￿s. bui it was agreed that applicatsons already made
would be dealt ¥Mlh as norrnal. The ftnal applKalion5 were as5e5seLI in February 2024.
There were fve main reasons for dosure. They **re di%(xJSS8d at length and agreed by am the trustees. They were
confirmed as sufficient reasons lor dosure by the Charities Crffirnlw(￿.
o The Equality. Diversity and Indusion Ads mean that we are no I￿ger afje to wnbnue wilh the original purpose. The
money was dolla1￿ fL¥ a Chri5I8n charily for Christian t￿h￿r$. Even after wlating the charitrf5 Articles of
Asso¢ialion in May 2011. ￿ are now no longer to guarantee this.
o Society has d)anged, people have diNerent expects￿.0￿$ and ideas of what constitutas bèing necèsstt(YJ5.
o There tpas been a slgnifunl changg in Ihe caus8 W8 W8re cr8aled to address. For example. retired teachers now
havg pension5.
o W8 are un8b18 to recruit suilablo trustees. The twrrenl Counol of the CSSBI dc*$ nol $￿W di￿r￿tY and would be
una￿@ lo recruit new trustees If we ao k￿￿￿nglY not meeb.ng D. l & E wulath)ns.
o We bdieve w8 could achieve more for our cause by translern.ng wr a55ets to other Of9ani8ations. CSSBI have Ic￿ked
at other organisalions with %mtlar purposes to CSSBI.
The trustees then swnt a great deal of ts.me finding. investigaling an¢J discuswng. with the Administratorfs heSp, olher
chaflties with 5irnilar purposes to Ihe CSSBI. It was agreed lo di*de the finanryal assets. OTh￿ in th8 form of rash.
equally amongst four of them.
OBJECTIVES ANO ACTIVrnES
ObJÈcUves and alms
The objectiv8s for tt)e th8rity is estatlishgj are to Lyovide for r￿￿$$rt0￿s present or fomer leach8rsn8thurers
and those in teacher training who are membets of the Church of ENJland or of another ￿ognIsed Chrislian
denomination by giving fin8n¢ial a$sislance in tirnes of affliclion. disab$8m8ni ￿ other misfortune. and on their demise to
provide lor lh￿r financial dependants. such financial as515tance to Indude Ibut not be Iitnited io) assistance towards the
cost o15ub515tence and edu¢ab"c4I in each case an￿re wthin En9Lqnd and wa￿5.
Public benefft
The truslees have ￿ferred to Ihe advi￿ contsined in Ihe Chaiity C(Mnmi5sion's general guidance on public btrnefit when
r8viewng their airns atKI objecb'ves and in tAanniThJ for hlture actiwlies. The scop8 of the tharity was r8Vi5ed in May
2011. The trust88s airned lo wden thwr remit wthout Causing detrimenl to the benefi￿OrIeS. They agreed that
when considering applications f¢x aS￿sta[￿e. Ihey use Ihe Chufehes Together in England. and Ihe Churche5
Together in Wales documenis listing recognised Christian denomIna￿"0n$.
Applications foT asststance that a￿ submitted underg) thecks for idenlity. teachirvj and churth connec*'on5. Applicènls.
bank ststernents and any futhr inforTnaborb they are asked io [￿Vide are scrutinised to awy the CSS81 Coun¢il In their
decision makiThJ.
Page 2

CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES. BENEVOLENT INS
UTION
REGI
TERE
eTru
ees
FOR THE YEAR ENDED 31 MARCH 2
ACHIEVEPIENT AND PERFORIIANCE
Charitatsle activiti•s
The twslees have be8n ab18 to help 8 r￿8 of Fwple ne8ding finan¢ial sUp￿t Grants in Èxcèss of £132,503
1£119,6901 ￿pre awarded this year. Grants and runniryJ costs are reviewed M￿thly. Duriro the pandemic of Covid-19,
when the trustees werg unable lo meet in person. the Administralcff e-madei5 all the information regarding applicants for
gr8nt5 to thèm. The trustees èmailtd their responstr5 an¢J dtrcisions We￿ made. Thè AJ*des ol Association allow for this
io happen under SectK)n 24A Attendancé and s￿8￿"r￿j ai Genèral Wèb"ThJs. Thè trustaos also mat tog6thor I¥￿ce this
year in a large hired fa)nferen¢e roorn to ￿k)W for sw81 th'stan¢ing.
ApproxAMately one thlrd ol Wi￿10r$ *tnt directy to the CSSBI thite. ts other Iwo thirds were split equally between
Turn2us website or Google's 'Search fL¥ Grant5'. Thwe ￿re 838 18SXII hits to our website, an)und fOO1701 hits per
month until cbsuFe, well up on th8 previou5 y88r. OF th85e 12311101 applicati(￿5 for assista1￿. Of these 56 1531
were supported for grants but 67 1571 not alle to be helped due to their ¥equestg not being within our remit, not
completing the form or sendiro fv corre¢l infwnation. rK)t being able lo provide suitatAe r8feren(%s or were not
considered necessftous. In rare cases it has been diffiuAt to establish and when thi$ happens th8 tNsteès
hav8 exefcised their dIScr8ti￿. Grant5 avrdrded thi5 year we ft¥ highef arTKNJnts arKS tsften for mc¥e than on& item
when compared to th8 prèvt(MJS year.
Over the years the trustees have tr*d lo make the Charity mrrfg visible lo a gr9ateT numbgr ol p90￿e by enhancing thelr
PLtblicily and commun￿8￿.0￿$. (Ktr Adfnini$tr8tor h8s kept in twch wth many rw)le in various organisations, as
Tum2us and the Church of England. The website. *%vw.cssly.co_uk is secure and robust and it &Yapts and resizes to
diS￿8Y c(xreclly desktops. tablets and smart phones. The *th"te is monitored regularfy and utmlated as appropriate.
Th8 trustees have v8ry rnuch appr8cTrat8d the ma￿Y Cards. emai￿ and ihank-you notes from successtvl ap￿tantS who
have been helped in various ways. They are ￿eaSed that the CSSBI has rnade a drfterence to the lives of rnany people
this year, by, for examF4e. granty'ng financial aKI frK'.
o Counal Tax. m(rtgage. ￿nt ub.lrty artears
o Council T8x li8bilily orde
o Rent arrears to prevent e￿￿1(¥)
o Modificalions to ba¢hrocffjs for retired ieachers wth rTrJbdty issues
o Replacement boiler for family with young chik1￿Tr
o Food vouchers for families with youn9 ¢hit(Jren
o Vouch8rs Icy household furnishings
o Clothiw vouchers for teacher due tr) cessath"￿ of supKty th thje lo ilness
o Finanual asSistsr￿e
o Re Jacement wndows for farnily ￿lIh unwell
o Deposit and ￿nI in advance lo enable tethr to move to a mrxe affudatrle property.
Paoe 3

CHURCH SCHOOL
TERSAND
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Financial position
Financial figur8s
At close 31 st Mèrch 2024
Barclays deposit £6.008.29
Barclays current £83.204.51
Depc>&15
I th8 deposit account5, apart from Sha**￿. ¢A05ed by 31st March 2024
Shawbrook £84.945.37 al 3110312024
Inveslments
Quilter Cheviot £ I.￿S.828.00
Quilter £1,197,291.56
There were no regular rnonlhly wthdraw8ls fr(xn either account from 0110412023. There wer8 thr8e individual
withdrawals from Quilter Cheviot shovdft bejov.
£12.000 on 0611112023
£10.0(K) on 1911212023
£20,0(K> on 07102 2024
The CSSBI originally grew out ol the needs of retiring ieachers and Iheir famlEs vknen they fell on hard limes. The
hanly's mode¥n-day r(Ae has o)ntinued to pwde financial heFp for th)se in n*Y as defined in the CSSBI Art￿leS of
Assoaation.
Th8 CSSBI is in 8 financTr81 Kx)sibM of str•. generaied by the invested 8ssets 8nd e8sh on dep)sit, rè81ised by the
sale of their care home. Glen Arun, in 2tM19. As 8 result, the charity invited Ihose in need lo pul forwdrd rd8V8nt detai15
of their situation and thy th8y needed financial supp(Mt lor consideration by Ihe trustees of th8 charity.
The ath"Iqties of th6 CSSBI. in terms ol l)olh fuifilliryj successful grant ap￿Icall0ns and the administrativè requirements
of the chanty, have been funded by montt)ty %Mthdravrals from the M investsnent kKTrrtfolios on an equal basis.
Th8 s81ected portfolio of Unit Trust Funds hekl on th8 (Xd Mutual Weamh platrorm are m8nag8d by 8 ran98 of fund
managers ac¢ording to the individual fund profiles. This portfolio is now kno￿￿ as the Quilter rM)rtfolio and continues to
be held as a General Investment A¢¢wnt on the ljd Mutual Wealth plaffom7_ The Quilter Cheviot portfolio is managed
on a discretionary basis. Investing largely in direcuy sic￿$ and shares. The combinats.on of these approaches
to investm8llt decisions has wovided a balanced and divètsillod swead of assets that hava weathered tha changès in
Ihe economic, FX)litirA and investment enVir￿MentS both in ￿ UK and globalty.
As a result. the CSSBI vras able to SUFWrt $6 of the 123 wpliCal￿S for grants made duriThJ Ihe year ending 3181
March 2024.
Prfnclpal fundlnp $our¢es
The principal funding source lor the activitie5 Qf thg Charity wrill be the regular wthdravrals from ca￿1 combined with
any naturalty arising income ￿re appropriale from the cash on dep(6it and wlhin investment portfolios.
Pa9e 4

RCH SCHOOLM
TERS AN
' BENEVOL
T INSTITUTION
REGISTERED NUMBER: 00041482
TRESS
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Rèserves pollcy
The tharity has tolal Feserves of £2,344,649 at 31st Marth 2024.12023. £2,258.083
The principal funding source lor ttte activibes of the charity has been the regU￿r withdrawds from caprtal combined with
any naturally arising Income where apprOPr￿te from the cash on deposit and wthin the Investment portfdios.
As closure was exp8ci8d, the Resèrves Pdicy agre￿ by Ihe trustaas for financial year ènding 31 March 2024 was
modified and most of Ihe long-term d9POStt aw)unts ￿re closed.
The p)licy had been'.-
11 to hdd up to 20% of the combined cash and iiveslrnent p(rfolio on der¥)sit for tx)Ih Th)rn￿l running cost$ and the
distribution ol grant5.
21 for cash deposits to be maint8ined as lar as Wds *ial4e. b8aring in mirKI the v8ry1(M rat8 of inler8sI being applied to
the CSSBI accounts.
31 for the remaning 80Vo io be invesled in a bro￿1 spread of assets comtmning bolh fixed interest and equity-based
hddings with a geographical S￿1t that woulL1 represent a realistic apwoach to investment nsk and reward.
41 to rnaintain th8 larg8t grobvth levd for Ihe captal invested at 3.5% j￿lrS thp Consumer Price Index tt)en standing al
1.5% for the corning year. (herAII. a b8￿nce corbtinues to be sought beiween the neèd for t8p￿tal growth and the
requirernenl for ￿ndIng the grants.
51 that the mMthly Irustees, meetiTrJ ￿911 the cash dewjsit Jevels ￿ snvestrnent capital values along8id8 thè
political landscape as il changes.
61 tral all vanations In the value of grants awarded. runniThJ o)sts arm1 inftation v*ll be *here considered
appropriate. against a benchmark of a Ihree-year average. an(J appropriale aclion taken.
71 Ih8t the pr(Ke5s of drawing down cawlal on a rnonthly basis wa5 d15continued and Ihe fundiww ¥equired lor Ihe grants
atKI the admirlslratwe running costs has been deatt th ￿￿n9 rAsh detx)sts.
Having reviewed the {erforn)ar￿e of the total portfdk). as as the investmenl ￿ter￿a, the twsiees ￿Ere $8tisfied
there was no need for change excepl to close the bank deposit aco)unts. However. onwng Mmit￿"n9 ol the financial
strenglh of thè charity coniinutd on a monthly basis at ihe Irustses. meetings.
The total value of 811 th8 assets remain8d strory and Ihe CSSBI. thugh dosiry. was in a gLx*I p05ibon financially to
hdp those in need, with established pro¢edure8 to ensu￿ that an trans￿1•￿$ and wiects were properfy auth0ris8d.
STRUCTURE. GOVERNANCE AND IAANAGEMENT
Gov•rning do¢um•nt
The charity 18 controlled by its goveming ¢knJn￿t. a deed of Injst. and o)nstrtutes a limiied c(xnpany, limited by
guarantee, as defined by the C￿1pan￿8 Act 20(￿.
Charity constitution
Th8 Church Schoolmasl•fs and Schoc4mistresses' Benevclent Institu1￿ ICSSBII was established on 2nd January
1857, becoming a charitètAe company limrted by guarantee in June 1894. 11 is contrdied by its goveming document. a
deed ol trust. and cort5ts'1ute5 a limited company. limit8d by guarantee. as d8fin8d by the coMpan￿S act 2006. Cornpany
number. 41482. The Irustees are 41 guaranlors in a Sum not exceedry £1 each.
Recruitment and appointment of new trustees
New Council mernbers ar8 recommermjed lo the CSSBI CtyJnel by c¥Jrrenl m8mbers or by ILKal d8rgy. It is p￿ferable,
but nol altogether nec8SSary, that they have a b8ckgrourKI in e(lur3tK>n. The CIMJnciI M￿St approve the nominatKJn
before the person tskes up the resrA)nSIb￿IlY ol a truslee.
The Instees become rnemb8rs of the CSSBI Counul. They are ￿5p￿￿$ibLe for Ihe general coBtr(4 and
management of the chanty. Th8y decid8 whal lo be th)ne and how money is 10 be d¢5tritMJt8d to those in need. They
deal wth applicati¢Ms as they arv&e. have a meetlWV. USU8lly by email.
Rl8k management
The trustees keep proper accouniiNJ rÈeorils io en9j￿ that thth"r financi￿ statements cOm￿Y with the Companies Act
2006. They are responsible for the preparat#￿ of the accounts. They also rnake sure that they undersland and take
rèsponsibility for safeguarding the assets of the charity- They lake ￿8$00?￿e sleps for the P￿ventIon and detection of
Iraud and other iTregulanties.
The trustees revi8w finanual and other iisks when appropriate. and have established pr(Kedures to ensure Ihat all
trans8Ctions and projeds are properfy auth0ri5ed. Their actions irTrdude develotxng policies and pr(K8dures lor many
areas. such as delence against cyber-allad(, malic*)u$ disruption and MaKVa￿. Other pd1¢￿$ and wo¢edures indude
managin9 complainis. general data pro¢ecbon. priva¢y. safeguarding. rtsk assessment and conffict of interesl. Al are
r8viewed on a rewlar ba￿5. The tr￿lEe$ wrote a new tvJsiness plan, findised in July 2021.
Approved by order of the trf)ard of trustees on 20 Novemtw 2024 and on its b8h8lf by..
Page 5

CHURCH
00
STERS AND
MISTRESSES, BENEVOLENT INSTITUTION
EGI
SCHOO
R.. 00041482
TH
YEAR ENDED 31 MARCH 2024
Miss O B811- Trustee 20
/,,Is
Page 6

Ind
ndent Exarningr's Re
rt to the Trustoes of
Church Schoolmasters And
S hoolmlstrÈsses' Benevolent Instliutlon
Independent examlnerfs report to the trustees of Church Schoolma$ter5 And Schoolrni5tresses' Benevolent
Institution (Yhe Compan￿)
I report lo the charily Iruslees on my examinab.on of Ihe ￿¢￿ntS ol the Company for Ihe year ended 31 March 2024.
R•5ponslblllties and basls of r•port
As the ¢harily's trustees of the Company land also its drrectors for Ihe wrrx)ses ol c(¥npany lawl you are responsible for
the p￿ParatIOn of the aCc￿nIS in accordan￿ wlh the wuirements of Ihe Companies Act 20(b llhe 2006 Acl'l.
Having satisfied myself that the accounts of Ihe Company are not Tequired to be atsdit8d under Part 16 01 Ihe 2006 Act
and are eligible for in(JepeF)dent examinatson. I retx>rt in respect of my examination of your Charitys accounts as r£rried
oLtI urfer Section 145 of the Charites Act 2011 I'the 2011 A¢f l. In caryng out my examtnatim I have follow8d the
01￿CtIonS given by the Charily C(mmIss￿ under secb.on 145151 Ibl of Ihe 2011 Act.
Independent trxaminerfs stst•m*nt
I have completed my exarninalion. I confirm that rnatters have corne to my attenlK)n in confieclion with Ihe
examination giwng me cause lo believe..
accounling records ￿r￿ not kept in respoct ol the Company as by Sectw)n 386 01 the 2006 Act." or
the accounts do Trot accord wrth those records", or
the aecounts do not comply with th8 acc￿nting r8quirem8nis of S8ction 396 of the 2(X)6 Act other than any
requirement that the accounts give a tnje and fair wew rK)l a m8tt8r considered 8S Part of èn
independent examinati￿. or
the accounts have not been prepa￿ in aco)rdance wth the metkmjds and princi￿e$ of the Statemenl of
Recommended Praciice for accountin9 rerMy15"rKJ ty charities lapplica￿e to charits'es preparing their
accounts in accordance Ihè Finan(ial Rew)rting Slandard apFAKatAe in ihe UK and ReputAic of Ireland IFRS
10211.
I have no concerns a￿1 have (ome a￿0$$ othef mallers in conne¢1￿)n vAth the examinatK)n to %thi¢h attention should
be drawn in thi5 report in order lo enable a woper underslanding of Ihe accounts to be ￿3¢hed.
Scotl Harrower
Galloways Act￿ntIng
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 10Y
20 November 2024
Page 7

CHU
OOLMASTERS AND
TINS
t8ment of Fin
ncial
FOR THE YEAR ENOED 31 MARCA 20
31.3.24
Unrnstrl¢t
fund
31 3.23
Total
funds
INCOME AND ENL)OWMENTS FROM
Donat*)ns and lega¢
1.300
Investrllent incorne
Other in¢ome
64.278
54,535
Totsl
64.478
55.835
EXPENDtruRE ON
Raising funds
21.033
21,779
Charltable actlvltl85
Beneficiary support
180,675
161.380
Total
201,708
183,159
Net gainslllossesl on inveslments
223.796
1179,0471
NET INCOAIEIIEXPENDITUREI
1306.3711
RECONCILIATION OF FUNDS
Total fvnds brought foTh¥ard
2.258.083
2.564.454
TOTAL FUNDS CARRIED FORWARD
2.344,649
2.258,083
The rKJteg IrAm part ol these financial ststernents
Page 8

CHUR
H SCHOOLMA
TERS AND
SCHOOLMISTRESSES. BENEVOLENT INSTITUTION
REGISTERED NUMBER.. iW1482
anc
Sh
31 MARCH 2024
31.3.24
31.3.23
Totsl
funds
Unrestricted
fund
Notes
FIXED ASSETS
Irbvestments
2.203.119
1,984,080
CURRENT ASSETS
Debtors
Cash at bank and in hand
10
2,395
174.159
4.115
284.189
176.554
288,304
CREDITORS
Amounts faI￿ng due within one Jear
11
135.0241
114.3011
NET CURRENT ASSETS
141.530
274,003
TOTAL ASs￿s LESS CURRENT LIAWLrriES
2,344,649
2.258,083
NET ASSETS
2,344,649
2.258.083
FUNDS
Urbrestri¢ted funds
13
2.344649
2,258.083
TOTAL FUNDS
2,344,649
2.258.083
The charIta￿e company is gnti119d to ex8rnption from auilit und9r Sectiw 477 ot C(Mnpanie5 Act 2(X)6 lor thè year
ended 31 March 2024.
The members havÈ not required the company to obtain an audlt ol its finanoal statements for the year eNled
31 March 2024 in accordance *ith secti￿ 476 of the Cornpanies Act 2006.
The trustees adETh)kn4ed9e their ￿pOnsI￿1it1es for
ensuring that the charitable company keeps ￿n￿"Thj records that c(xmply wlh Secttons 386 and 387 of the
Companies Act 2006 antl
preparing fina￿la1 stalem8nts which giv8 a true and fair vi8w ol the stat8 of affairs ol th8 chariiable eompany as
at the end of each fin8ncN81 year ar￿ of its suryAus or defictt for each financial year in accordar￿ wth the
ouiremenls of Se¢tM)n$ 394 and 395 and which olhemse Com￿Y with the requirements of the Companies Act
21J)6 rdating to finarrial ststements. so far as apF4lca￿e to the charitabl8 cajmpany.
Ibl
These financial sfal8m8nts have been prepared ￿ *cordance ¥*ith th8 pfovisK)ns Sp￿icAbl9 10 th8rit8ble companies
subject to th8 small companies regirne.
The financial statements approved by the 8oard of Trustees and aulhcwised for issue on 20 November 2024 aThl
r8 swJned on its behaw by..
Miss D Bell - Ttustee
The noles fonn parl of these financia statements
Page 9

URCH SCHOOLMAST
RSAN
SCHOOLMISTRESSES. BENEVOLENT INSTITUTION
cial S
FOR THE YEAR ENDEO 31 MARCH 2024
ents
ACCOUNTING POLICIES
Ba815 of preparing the tinan¢lal stat•m•nts
The finanoal slatemenis ol Ihe charitable company. ts a bgnefit entsty under FRS 102, have b￿n
prepared In accordan￿ swth the Chantyes SORP IFRS 1021'Accounting and Reporting by Charities.. St&tement
of Racomrnendod Practice applicable to chanties propanng their acc(xJnts in accordance wth the Fin8ncial
Reporting Standard applicatle in the UK and Reput41¢ tsl Ireland IFRS 1021 (effective l January 20191,. Financial
Re￿rtIng Stsndard 102 The Financi81 Rew)riir¥J Standard applicable in th8 UK and Republic of Irdand, and the
Companies Act 20(6. The financTral statements have prepared Ltnderthe historical cost convention. wilh the
eX￿PIlo￿ of investmenls w4)ich a￿ induded at maFket value, as modified by the revaluation of certain assets.
Income
l inwm9 s recogni58d in th8 S13tement of Fin3rKial Actimties once the Charity has ents"dement to the funds, il
is probable that the income VAII be ￿Ce1ved and Ihe amount oan be measured reliably.
Exptnditute
Liabilities are r8cogni58d as expèrKliluffj as soon as lh¢￿ is a 16gal or C￿$t(uctsve obligation commitbng the
charity lo that expenditure. it is proba￿9 th8t a transfer of econornic benefits will be reqUI￿d in settlement
the amount of the 0￿19allOn Can be measured reliably. Expenditur8 is accounled for on an accruals basis and
has bgen dassifr.ed un¢er l*adirgs that aggr8g8te 811 cost rda18d to t118 C8tegory. Where costs cannot be
directly attnbuted to particular headings Ihey have been alIc￿ted to acti¥hlies ￿ a basi5 consistent wlh the use
of r8soure8$.
Grants offered subject lo coTh2rtions vthich ha￿ not b6en met at tho eThJ dale are noted as a commitment
bul nol accrued as expendilure.
Tanglble fixed assets
D8preci8tion is provided at Iha foll(NAng annual rates in order to ￿lte off each asset over its esbmated useful
Computer equipment
33% cost
Taxallon
The charity is exerTVt from cOrp￿at￿ lax ￿ its charttatle acbvilies.
Fund accounting
Unrestricted lunds can be used in acwdartce with the charilable ￿JectiVeS al the dis(x8ÉK)n of the trust8&S.
R8$1rieled funds can ￿lY be usod for parts"uJlar restn.cled purposes within Ihe objects ol the ¢hanty- Restrictions
arlso then specified by the donor Or￿en funds ale raised for partIC￿lar ￿tri￿ed purp)ses.
Further exF4anaticm of the nature and wrt¥)se of each IWKI is iFKluded in Ihe notes to t1￿ financial st8t6ments.
Hlre purchase and leasing ¢ommltments
Rentals paid uThler operating le85es are Cha￿ to the Statement of Finanaal AclNities on a straight line basis
over the p9ri0d of the lease.
INVESTMENTINCOME
31.3.24
31.3.23
Investment inwme
Deposit account interest
58.467
5.811
53,405
1.130
64,278
54,535
Page10
continued...

CH
RCH
MISTRESS
TER
ENTI
SCHOO
stateme
FOR THE YEAR ENOED 31 MARCH 2024
inued
RAISING FUNDS
In￿stMent managernent costs
31.3.24
31.3.23
Portfdlo managoment
21,033
21,779
SUPPORT COSTS
Govomance
costs
Managerwl
Finance
Tolals
Benefiriary supporl
46.656
47.602
NET INCOMEIIEXPENDITURE)
Not incomelloxpanditurol Is stated aftof ChargiThylcredi￿￿JI."
31.324
31.3.23
DeprecialK)n- owned assets
Hire of plant and machinery
200
1.108
990
TRUSTEES. REMUNERAnoN AND BENEFITS
There here no trustees. remune¥atth or other benefits forthe year ended 31 Ntsrch 2024 nor for the year ended
31 March 2023.
TN¥tB•s' •xp•nsos
There were £0 of ey4)enses r￿mIMIrSed d￿lry year12023'. £1.408.801
COMPARATIVES FOR THE STATEMENT OF FIIIANCIAL ACTMnES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donats"ons and logac￿$
1.300
Inv8slment inco¥ne
54,535
Total
55.835
EXPENDrruRE ON
Raising funds
21,779
Charhable ￿tIVItIeS
Beneficiary support
161,380
Totsl
183,159
Net gainsluossesl on investments
1179,0471
INCOMEIIEXPENDrruREI
(306,3711
Page 11
continued...

CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES. BENEVOLENT INSTITUTION
teme
. contlnu
FOR THEYEAR ENDED 31 MARCH 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVmES- ¢ontlnued
Unrestri¢led
fund
RECONCILIATION OF FUNDS
Total funds brought forward
2.564,454
TOTAL FIINDS CARRIED FORWARD
2,258,083
TANGIBLE FIXED ASSETS
Compuler
equipment
COST
Al l April 2023 and 31 Marth 2024
599
DEPRECIAnON
At 1 Aprfl 2023 and 31 Mar¢h 2024
599
NET BOOK VALUE
At 31 Marth 2024
At 31 Maich 2023
FIXED ASSET INVESTMEt4TS
Listed
inveslrnents
PIARKET VALUE
Al 1 April 2023
Additions
Disposals
Revaluations
1,984,080
110,934
1149.3701
257,475
At 31 March 2024
2,203,119
NET BOOK VALUE
At 31 March 2024
2.203.119
Al 31 Mar¢h 2023
1,984,080
Analysis of investments".
31.3.2024
2.10%
17.33%
9.01%
18.76°
46.46%
6.35%
31.3.2023
3.81%
17.70%
7.46°
16.90%
46.52%
7.63%
Cashlmoney Market
Fixed Inler8sl- UK
Fixed In1￿est- Overseas
Equits'es. UK
Equities- Oversèas
other
Cost or valuality) al 31 Maf¢h 2024 1$ rewesented by..
Listed
Inv8slment5
Valuation in 2024
2,203,119
Page 12

CHURCH SCHOO
SCHOOLMISTRESSES. BEN
VOLE
nts- Con￿Trued
FOR THE YEAR ENOEO 31 MARCH 2024
FIXED ASSET INVESTMENTS- contlnu
If fixed assel investments had not t￿n revduad Ih8yM)uld ha¥e b8en inrAuded at Ihe fol>wng historicd cost..
31.3.24
31.3.23
1,671.754
1,675,451
Fixed asset inveslments were valued on an op8n markei t)asi8 on 31 Marth 2024 by Asc4)l Lloyd.
10.
DEBTORS.. AMouKfs FALUNG OUE iyrrHIN ONE YEAR
31.3.24
31.3.23
Otherdebtors
Propayments
1.350
1,045
1,350
2,765
2,395
4.115
11.
CREDrroRS.' AMOUNTS FALUNG DUE WITHIN ONE YEAR
31.324
31.3.23
Trade creditors
Olh8f creditors
Accrued expenses
900
21.150
12.974
4,199
10.102
35,024
14.301
12.
LEASING AGREEMEPfft8
Min+mum leas& payrnents under ￿r￿ance￿aI￿e operaliry leases fJl due as follows..
31.324
31.3.23
Within ore year
Between one and five years
662
062
1.545
13.
MOVEMENT IN FUNOS
Net
mov8rn8nt
funds
At
31.3.24
At 1.4.23
Llnr•strlctgd funds
General fund
1258.083
2,344,649
TOTAL FUNDS
2258.083
2,344.649
P8ge 13
)n￿￿Ued...

CHURCH SCHOOLMASTERS AND
MISTR
SSES. B
NEVOLENTI
ancial Stat•ments- ¢0
FOR THE YEAR ENDED 31 MARCH 2024
13.
mOvEMEP￿ IN FUNDS- ¢ontlnu•d
Net movement in fu￿1$. induded in the above ale as loltows..
Incoming
resource5
Res(¥Jrces
expended
Gains and
losse5
Movement
in fu￿dS
Unrestrlcted funds
G￿eral fund
64.478
1201.7081
223.796
86.566
TOTAL FUNDS
64.478
1201,708)
223,796
86.566
Comparatives for movamani In funds
Net
movemenl
in funds
At
31.3.23
Al 1.4.22
Unreslrlcled fund5
General fund
2.564.454
1306.3711
2.258,083
TOTAL FUNDS
2.564.4S4
I3[￿.371>
2,258,083
Comparative net movement in runts. included in Ihe above arg as Wows..
Incoming
Resources
expended
Gains and
losses
Nlovement
in funds
Unrostrirted fund8
General lund
55.835
1183.1591
179.0471
1306.3711
TOTAL FUNDS
1183.1591
1179.0471
I3(￿.371)
A current year 12 months aThJ prK)¥ year 12 m￿thS combined posibon is as follows..
Net
rrK&vem8nt
in lunds
At
31.3.24
At 1.4.22
Unrestrlthd Ivnds
General fuThl
2,564,454
1219,8051
2,344,649
TOTAL FUNDS
2.564.454
1219,8051
2.344,649
Page 14
conlinued...

CHURCH
OOL
1ST
SSES.
ASTERS AND
INSTITUTIO
sc
FOR THE YEAR ENDED 31 MARCH 2024
13.
MOVEMENT Ihl FUNDS- continu8d
A current year 12 months arKI y8ar 12 monlhs COm￿n•d n8t movement in ftmds. i￿luded in the abov8 are
as foll(trws.'
Incommig
ources
Resources
expended
Gai[￿ and
losses
Movement
In fund5
Unrestricted funds
General fuThY
120.313
{384,8671
44,749
1219.8051
roTAL FUNDS
120,3t3
1384,8671
44.749
1219.8051
14.
RELATED PARTY DISCLOSVRES
Ther8 were no rdated party tran5ac1lo￿ for Ihe yearended 31 March 2024.
Page 15