KNOWLE HILL SCHOOL FUND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 8 AUGUST 2024

KNOWLE HILL SCHOOL FUND
CHARI￿ INFORMATION FOR THE YEAR ENDED 8 AUGUST 2024
Reference and admlnhtratlve Inform*lon:
Trustees..
Mr. J.A. Ctr)ke Ichalmianl
Dr. G. Raper
Mr. P. Murphy
Mr. R. Sweeney
Mrs. J. Richmond
Mr. R. Smith
Mr. M. Coker
Norninat￿e trustee
Co-oplab've trustee
Co-oplative Iruslee
Nominative trustee
Co-optative trustee
Co-optative trustee
Co-optative trustee
Clerk..
Nicholas R. Wlson, Soliitor
Principal office..
13 Windy Arfoour
KenI￿V0rth
CV8 2AT
Charty No..
231807
Independent Ex8miner.
Geoffrey Cox BA FCA
Daffems LLP
Chartered Accountants
One Eas￿Dd
Harry Weston Road
Binley Business Park
Coventry
CV32UB
Bankers..
Coventy Building Society
Economic House
PO8ox9
High Street
Coventy
CV15QN
Investment advisers..
CCLA Investment Management Limited
Senator House
85 Queen Victoria Straet
London
EC4V 4ET
Pagg 1

KNOWLE HILL SCHOOL FUND
TRUSTEES REPORT FOR THE YEAR ENDED 8 AUGUST 2024
The trustees present their report and financial statements for the year ended 8 August 2024. The trustees have
adopted the provisions of Statement of Recommended Practice ISORP) 'Accounling and Reporting by
Charities" IFRS 1021 in preparing the annual report and financial statements of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The unincorporated tharity was established by a Scheme dated 8 August 1985 and is reg￿tered with the Chanty
Commission. No. 231807.
Re¢rullment, appolntmont, Indu¢tlon and tralnlng of Trustees
An amendment to the Charity Scheme was made on 16 January 2003 to alter the number of Trustees to not less
than six and not more than nine, being fyvo nominatr've Trustees and not less than four, nor more than seven co
oplats've Trustees.
The nominative Trustees are appointed by vva￿lCkShir8 County Coun¢ll as local education aLrthority and the co-
oplalive Trustees are persons who through residence, occupats'on or employment, or otherwise have sFecial
knowledge of the County of Warwickshire.
Cowoptab've Trustees sefve for a term of five years from date of appointment.
The Trustees m81 on three occasions to consider applications and award grants.
All Trustees give of their time freely and no trustee remuneration was paid in the year. Details of Trustee
expenses and related paty transaclions are disclosed in note 2 lo the 8c£ounts.
managoment
The Trustees h8ve 8sse8sed the major risks lo wh￿h tha chanty is èxposed, and ara satisfied that systems are
in pLgce lo mib'gale exposure to these.
The Trustees consider variability of investment returns on the eftdoWff￿nt lo constitute the cttarity's major
financial risk. The trustses have invested the endowed funds in Charit￿$ offici81 investment fund lo mib'gate
this risk.
Key manag•m•nt pornonn•l r•mun•ratlon
The charty retains the serV￿e8 of trle clerk, Mr N R Wilson, an¢J review his remuneration annually and any
changes are rninuled.
OBJECTIVES AND ACTIVITIES
The charity is established to assist with and promote the education of young people under the age of 25 years,
who are, or who have a parent resident in the old County of wa￿￿k, as con$liluled in 1905. This included
Solihull 8nd part of the eastern side of Birmingham as w611 as the whole of Coventy.
In particular the chanty may apply ils income.. -
lal In providing for any county or voluntary school in the area of the County of Warwick as constiluled on the
14 Apnl 1905 Ihereinafter Cal￿ the area of benefit) such special benefits of any kind not normalty
provided by the local education authority as may from lime lo time be agreed between the School
Govemors and the Trustees after consultation with the local education authority.
Page 2

KNOWLE HILL SCHOOL FUND
TRUSTEES REPORT FOR THE YEAR ENDED 8 AUGUST 2024
OBJECTIVES AND ACTIVITIES CONT'D
Ibl In making grants to or providing special benefits for any charitable independent school in the area of
benefit.
Icl In advancing the education, inoluding social and physi¢81 training, of persons under the age of 25 years
who are or who have a parent or paren15' re￿dent in the area of benefrt and who are in need of financial
a5SiStance in one or more of the folbwing ways..
In awarding lo such Fersons exhibitions tenable at any secondary school. college of education,
university, or other institutron of further (including professional and technicall education approved by
the Trustees",
(Sil In providing financial assistance, ouffits, clothing, tools, in51rumenls or books to enable such
Fersons on leaving school. unwersity or any other educational establishment, to prepare lor, or to
enter a profession, trade or calling.,
liiil In awarding bursaries or maintenance allowance9 to enable such persons lo travel, whether in th
county or abroad, to pursue their education.,
livl In providing finarrial assistsnce to enable such pergons to study music or other arts.,
lvl In othemise promoting the education of such persons.
The Trustees have full power lo make Nles for the award of exhibitions, bursaries or maintenanc£ allowan￿3 or
other benefits, including rnles as lo the value and period of tenure of the awards. and the qualifications and
method of as￿rtaInment and selection of persons to benelil.
The Trusteeg, where approprKgle, consult the local educats'on authority as to their general actson under thi9
clause and as to the educatK>nal qualificatK*ns of candidate8 for benefft.
Applications for gr8nts are elicited by formal means. induding limited targeted advertising in the local press and
registration with appropriate grant search organisations.
The Trustees confirm that they have referred to the guidance contained in the Charity Commissioner's general
guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and
setting the grant making policy for the year.
ACHIEVEMENTS AND PERFORMANCE
The Trustees endeavour lo keep expenses to a minimum. Total resources expended in the year lo 8 Augu81
2024 were £18,90412023. £20,*31 of which awards and grants amounted to £9,97712023'. £13,505)
24
No
No.
Grants to individuals
Grants to Schools
Post Graduate Grant
6,020
2,457
1.500
28
6,730
3,025
3,750
22
The large number of small sums which are awarded lo individual applicants inevitably creates a high degree of
paperwort( and administration relative lo the amounts, but the Trustees feel very strongly that in this way they
are able lo give assistsnce to those in the most need.
The attached financial ststements show the Current stste of the finances which the Truslees ¢on$ider to be
sound.
The charity is reliant on income from its investment. The charity's investment of 54.164 income units in the
Charit￿S Official Investment Fund is invested to achieve both capital growth and generate in￿rne. During the
year the investment realised income of £29.73612023.' £29,509) and a capital gain of £53,136 {2023.' £27.537
decline).
Page 3

KNOWLE HILL SCHOOL FUND
TRUSTEES REPORT FOR THE YEAR ENDED 8 AUGUST 2024
FINANCIAL REVIEW
The financial policy is to aim lo expenoj the rnost part of the annual income from investments, the g￿ater part of
which is invested through the Chanty CommL8sioners for capital growth as well as income relum.
Re8erves pollcy
It15 the policy of the Charty lo maintain a minimum reserve of one yearfs expendrture.
Unrestricted 'free' reserves were £91,61012023'. £77,843) at the year-end which is sufficient lo meet one years
expected expenditu￿.
FUTURE PLANS
The Trustees intend to continue providing grants in a 6imilar way to the recent past.
TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The trustees are ￿sponsible for p￿ParIng the Trustees Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty
Accepted Accounting Practicel,
Th8 law applicable lo chanlies in Englantj and Wales requires the Trustees to prepare financial statements for
each financial year wh￿h give a true and fair view of the Chan'ty's financial activities during the year and of ils
position al the end of the year, In preparing financial statamenls, givlng a trua and fair vw, the trusloes should
follow best practir￿ and'.-
8elKI sultable accounting pollcies and then apply them consistenlly.,
observe the mett*)ds and principles of the Chanties SORP,,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standard8 and statements of recommended pracb'ce have been
followed. subject to any material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that
th8 charity will continue its actNilies.
The Trustees are responsible for keeping proper accounting records, which disclose wrth reasonable accuracy al
any lime, the financial position of the Charty and which enable them lo ensure that the financial statements
compty with the Charities Act 2011. the Charity (Accounts and Reports) Regulations and the provisions of the
trust deed. They have general responsibility for taking such steps as a￿ ￿asOnablY open lo them to Safeguard
the assets of the charity and lo prevent and delecl fraud and other irregularities.
INDEPENDENT EXAMINER
The Tru$tee5 intend to ask tho existing exarniner to undertake the independent examination of the Charity in the
following year.
Approved by the Trustees on 27 February 2025 and signed on their behalf by..
Mr. J.A. CoJke
Chairman
Page 4

KNOWLE HILL SCHOOL FUND
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
KNOWLE HILL SCHOOL FUND
I report to the charity truste8s on my examination of the accounts of the charty for the year ended 8 August 2024
which are set out on pages 6 to 12.
Re8pon81bllltle8 and ba818 01 report
As the charity's trustees you are reswnsible for the preparation of the accounts in accordance with the
requirements of th8 Chafities Act 20111'the Act'l.
I report in respect of my examinab'on of the charity's accounts carried out under section 145 of the Act and in
Carying out my examination I have followed all the applicabl8 Directions given by the Charity Commission under
section 14515) of the Act.
Indepandant axamlnerfs statement
I have completed my examination. I confirm that no material matters have come to ry attention in connection
with the examination giving me cause to beI￿ve that in any material ￿sPect".
1. accounting records were not kept in respect of the charity 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 Chartties IA¢counts and Reports) Regulations 2008 other than any requi￿ ment that the
accounts give a 'true and fair view, which is not a matter conskjered as part of an independent
examination.
I have no concems and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Geoffrey Cox BA FCA
Oafferns LLP
Chartered Accountants
One EaS￿¢)0d
Harry Weston Road
Binley 8usiness Park
Coventy
CV3 2UB
Page 5

KNOWLE HILL SCHOOL FUND
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 8 Augu8t 2024
Unrestricted
aocumulated
Income
Endowment
fvnds
Totsl
2024
Total
2023
Notes
INCOME AND ENDOWMENTS
Income and endowments from:
Investment income
Interest I￿1vable
29,736
2,9D3
29.736
2.903
29.509
Totsl Incomo and ondowmènts
32,639
32.639
30,375
Exp•ndlturn on:
Charitable actlvltle8
Awards and grants
Clerk's fees
9,977
6,634
9,977
6,634
13,505
5,300
SupportCO8ts:
Accountancy and independent ex8minats.on
Office costs
Tru51ees' Ikgbility insurance
1.380
721
192
1,380
721
192
1,272
699
187
Total •xpgndlture
18,904
18,904
20,963
N•t Incomd {oxp•ndlturo1
13,735
13,735
9,412
Oth•r rownisod gain8lllM•••l:
Nel unrealised gainAoss on investments 6
32
53,104
53,138
{27,5371
N•t movomont In lund8
13,787
53,104
66,871
{18.1251
Reconclllatlon of fund•:
Fund balances brought fO￿ard
at 9 August 2023
77,843
1,023,878
1,101,721
1,119,846
Fund balances c•rrlod fovward
at 8 Augu8t 2024
91,610
1,076,982
1,168,592
1,101.721
statement of financial activibes includes all gains and losses re¢ognised in the year.
AJI incoming resources and ￿SoUrceS expended derNe from continuing activities.
The notes on page5 8 to 12 form part of these accounts
Page 6

KNOWLE HILL SCHOOL FUND
BALANCE SHEET
8 August 2024
2024
2023
Notes
FIXED ASSETS
Investrnents
1,077,624
1,024,488
CURRENT ASSETS
Debtors
Building society depos
8,254
84,835
7,550
76,862
92,889
84.412
CREDITORS..
Amounts falling due
thin one year
11,9211
17.1791
NET CURRENT ASSETS
90,968
77,233
NET ASSETS
1,168,592
1,101,721
FUNDS OF THE CHARITY
Endowment fund
Unreslricled income fvnd
1,076,982
91,610
1,023.878
77,843
TOTAL FUNDS
1,168,592
1.101,721
Approved by the Trustees on 27 February 2025 and signed on thelr behalf by.'-
Mr. J.A. Cooke
Trustee
Mr. M. F. Coker
Tnjstee
The notes on pages 8 to 12 form part of these ￿COUnts
Page 7

KNOWLE HILL SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 8 August 2024
ACCOUNTING POLICIES
The following wlicies have been used consislenuy in dealing with rtems which are considered material in
relation to the charity's accounts.
lal Bas1$ of preparatlon
Knowle Hill School fund is an unincorporated charity registered in England and Wales. The address
of the registered Offi￿ is given in the charity information on page 1 of these fi'nancial statements. The
nature of the charity operations and principal activities 15 to assist with and promote the education of
young people under the age of 25 years who are, or who have a parent res#denl in the old county of
Wa￿l¢k as conslrtuted 1905.
The charity conslilules a public benefit entity as defi'ned by FRS 102. The financial statements
have been prepared in accordance with Accounting and Reporting by Charities." Statement of
Recommended Practsce applicable lo charities preparing their accounts in ac¢ordan¢e with the
Financial Reporting Standard applicable in the UK and Republic of Ireland i55ued in October 2019,
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS
1021, the Charities Act 2011. and LJK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 onty lo the exl8nl required lo provide a
'true and fair view,. This departure has involved following the Accounting and Reportin9 by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 issued in October 2019 rather than the Accounting and Reporting by Charilie5.'
Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial sta18ments are prepared on a going concern basis under the historical cost
convention, modified to include certain items al fair value. Th8 financial Statements are presented
in sterling which is the functional currency of the charity and rounded to the nearest £1.
The signifiGanl accounting policies applied in the preparation of these fi'nancial slalemenls are set
out below. These policie5 have been con51$1ently applied to all years presented unless othe￿ise
stated.
Ibl Capitsl and incomo
Capitsl and income are $&parated in xcordance with Trust Law.
1¢) In¢omfr
All incoming resourGe5 are recogni¥ed once the ¢harity has entilement to the ￿sOurCeS, f( is
probable that the resource5 will be received and the monetsry value of incoming ￿SOurceS can be
m8asured wlh sufficient reliabilty.
Idl Inve¥tment incoffle
Investment income Is accounted for in the period in which the charity 1$ enlilled to weipt and
represents unreslricled income,
lel Expendlture and Irrecoverable VAT
Liabilities are recognised as resources expended as soon as there is a legal or constructive
obligati'on committing the charity lo the expenditure. All expenditure is accounted for on an
accruals basis and has been classified under headings that aggregate all costs related to the
category.
Grants payable are payments made to third parties in the furtherance of the charitable objectives
of the Fund. The grants are accounted for where either the Trustees have ag￿ed lo pay the
grant without condition and the recipient has a reasonable expectation that they will ￿Ceive
grant. or any condition attaching to the grant is outside the control of the Fund.
Irrecoverable VAT is charged against the category of resources ex￿nded for which it was
incurred.
Page 8

KNOWLE HILL SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 8 Augu$t 2023
ACCOUNTING POLICIES ICONT'D
10 Flxgd asset investments
Investments are recognisgd initialty at fair value which is norrnally transaction price excluding
transath'on costs. Subsequently they are measured al fair value with changes recognised in net
gainslllossesl on investments, in the slalement of financial a¢livities if the shares are publically
traded or their fair value can otherwise be measured reliably.
Ig) R•all8•d galns and1088o8
All gains and losses are taken to the statement of financial activities as they arise. Realised gains
end losses on investments are calculated as the difference be￿en sales proceeds and opening
matl(et value Ipurchase dale if later). Unrealised gains and losses are calculated 8s the difference
between the market value al the year end and opening market value lor pU￿hase date if later).
Realised and unreali5ed gains are not separated in the Statement of Financial ACtivit￿s.
Ihl Dgbtor8 and credttors recelvablelpayable wlthln ono year
Debtors and creditors with no slated interest rale and receivable or payabkg Wrthin one year ar8
record at transaction price. Any losses arising from impairment are recognised in expenditure.
lil Fund8
Endowment fund8
This fund consists of the original endowment together with the accumulated gains and losses arising
from its investment, and may onty be applied in the acquisition of other investments.
Unre8trlcted tund8
This fund consists of accumulated surpluses of income not applied lo other purposes. which the
Charity may use for purposes designated by its governing Scheme.
o.)
Golng concèrn
The financial slalem8nts have been prepared on 8 going concern basis as the trustees believe that
no material uncertainties exist. The Iruslees have considered the lev81 of funds held and the
expected level of income and expendrture for 12 months from authonsing these financial
statements.
RELATED PARTY TRANSACTIONS AND TRUSTEES, RElaUNERATION
Trustees receNed no emoluments12023'. £Nill nor expenses in the year12023'. £Nill.
INCOME AND ENDOWMENTS
All income re￿iVed in the Current and pre￿dIng year 1$ wholly attributable lo the Unrestricted
accumulated income fvnd.
Page 9

KNOWLE HILL SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 8 August 2024
AWARDS AND GRANTS
2024
2023
Grants to Institutlons
Dunchurch Junior Academy
1.857
2.500
Milverton Primary School
600
525
2,457
3,025
Post Graduate Award Schemo
Celli¢ Murray
Thoma5 Kelly
Juzer Kas5amali
Bethany Morgan
Kupakwahe Rabvukwa
Hafsa Kader
500
500
1,000
1.750
1.000
500
1,500
3,750
Grnnt8 to Indlvldual8 28 {2023.' 22)
6,020
8.730
Totsl
9,977
13,505
All aw8rds and grants are made from the Un￿StrICted a￿umUlated income hjnd in the current and
preceding year.
In ￿latIon lo grants to individua19 the Trustees require applunts to complete a comprehen$Ne fom which
sets out, inter elia, the purpose of the application, the means of the applicant and d8lai15 of the applicant's
family induding ¢o-habilees and children who may not be subject of the appllcalion. In accordan￿ with
the charity deed applicants should be in need of financial assistance and fall within three main categories
0$ follows:.
ssistance with school unrform and equipment.
For attendance upon organised school trips (usually residential ft)r 5 days} Whe￿ the individual
families are unable to meet the cost (normally around £380 per applicant).
Ihere applicants have been referred direct from social workers. The Tnjslees lend to be rTr)re
supportive of Ihis category of applic8ti0n.
Page 10

KNOWLE HILL SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 8 August 2024
SUPPORT COSTS
All support costs relate to the charity's one tharitsble activity and are wholly attributable to the Unrestr￿ed
accumulated income fund in tr￿th the current and pre￿dIng year.
FIXED ASSET INVESTMENTS
54,164 Income shares in the Charities Official Investment Fund
Market value al 9 August 2023
Unrealised gain
1.024,488
53,136
Mafkel value al 8 August 2024
1,077,624
Historical cost at 8 August 2024
262.350
DEBTORS
2024
23
Accrued dNidends
Accrued interest
Othèr debtors
7,437
817
7,323
227
8,254
7.550
CREDITORS.. Amounts falling due within one year
Independent Examiners fees
Office c¢ysls
Clerk's Fee
1,380
S41
1,26D
619
5,300
1,921
7,179
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Cash
balances
Other nel cur￿nt
assetsl
Inveslm8nts
Endowment fund
Unrestricted accumulated income fund
1.076,982
1,078,982
91,610
84,635
6,333
1,077,624
84,635
6,333
1,168,592
The Un￿Stricted Accumulated Income Fund represents the unrestricted funds which are free to use in
accordance with the charitable objects.
The Endowment fund represents those assets which must be held pennanenlty by the d￿rty, principally
its investment in the Charities Official Investment Fund.
Page 11

KNOWLE HILL SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
forthe year ended 8 August 2024
10. CONTROLLING PARTY
The Charity was under the control of its 8oaTd of Trustees throughout the current and preceding year.
11. FINANCIAL INSTRUMENTS
The carying amount of the charty's financial instruments are as follow8..
2024
2023
Flnanclal ••$•ts
Measured fair value through net incom&lexpendilure.'
Fixed a8S8ts listed investm8nts (note 61
1,077,624 1,024.488
The income, expenses, net gains and net losses attributable to the chanty's financial instruments are
Summarised 8$ fOl￿ws..
2024
2023
Income and expense
Financi81 assets measured at falr value through nel income l expenditure
29,736
29.509
Nel gains 8nd108ses lincludlng changes in fair value)
Financial assets measured al fair value through net income l expenditure
53,138
127,537)
Page 12