## **REPORT OF THE CHAIRMAN OF THE TRUSTEES OF THE RAMSEY FOUNDATION For the year ending 31[st] March 2021** 

The Foundation’s accounts show a surplus of approximately £20,000 for the year, a slight decrease from the previous year. However, charitable donations were significantly higher than the previous year. The largest area of expenditure other than charitable donations was, as usual, repair and refurbishments of the flats, which at approximately £7,500 was less than 60% of the previous year’s figure. The largest single item was for repainting of the external walls. An insurance claim for subsidence-related damage to the flats is still ongoing. It is hoped that remedial work will be completed in 2021. Rental income from the stable flats was slightly higher than the previous year. Towards the end of the year the management of two flats was transferred from the letting agents to the Clerk of the Foundation. This will result in a significant saving in agents’ fees in future. The tenants’ deposits were transferred to the Foundation’s own account at The Tenancy Deposit Scheme (TDS). 

The squash courts remain closed. The total cost of operation was reduced to approximately £2,500 from over £5,000 the previous year, when the courts were still in use. The long-term plan remains to find a profitable alternative use for the building. 

Ramsey Pre-School continues to use the Old Library building under a sub-lease from Cambridgeshire County Council. This arrangement is working well in terms of preserving the asset, but no income to the Charity arises. However, it appears that the sub-lease expired in September 2019 and the Trustees are seeking clarification from Cambridgeshire County Council as to the renewal terms. Correspondence between the Charity and the County Council on this matter continues. 

The Ramsey Spinning Infants School, part of which occupies land belonging to the Foundation under a 1952 lease to Huntingdon County Council (now Cambridgeshire County Council) continues to be operated by the Elliot Foundation under a sub-lease from the Council. There is no income to the Charity. 

The Charity continues to manage the smallholdings to provide income for the benefit of the Trust.  The rents were not increased in 2020/21. Rents are due to be reviewed in 2021/22 

The bungalow situated in the school grounds continues to be let to private tenants. 

Registered charity number 270604 



During the year it was agreed that the tenants could fence in an area of adjacent land to use as additional garden space or for growing vegetables. An increased rent was agreed, and a new tenancy agreement was signed. 

In addition to the usual annual contribution to Abbey College for school prizes, donations were made to the school for lunch clubs and sports equipment, equipment for the science department and additional IT equipment to support disadvantaged students to deal with the extra demands imposed by COVID-19 restrictions. £1,000 was provided for hardship grants to individual pupils. The total amount donated to the school was £13,400. 

The Charity ended the year with a cash reserve of £74,752. 

Discussions concerning the future of the Abbey Building, leased to the Ramsey Foundation under a 1936 lease, are ongoing.  It is hoped that plans to redevelop the school site, if they come to fruition, will offer an opportunity to reach agreement with the Fairhaven Trust as to the arrangements for returning the building to them. The building is not currently in use by Abbey College for educational purposes. 

Construction of the 3G all-weather sports pitch on Foundation land had not commenced at the end of March 2021, but it was scheduled to start in April. 

During the preparation of the lease, it was brought to the attention of Trustees that the original right of way granted by a 1935 Conveyance, which gave access to the School Field from Hollow Lane, had been obstructed by various developments, including a school building.  The Trustees have now asked Abbey College to grant an alternative right of way along Abbey Road. The matter has not yet been resolved. 

There were no changes to the Trustees during the year. 

Dated 14[th] January 2022 

Signed……………………………………… Alan John Dods Chairman 



THE RAMSEY FOUNDATION
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
WHITINGS LLP
Chartered Accountants & Business Advisers
108 High Street
Ramsey
Cambridgeshire
PE26 1 BS

THE RAMSEY FOUNDATION
CONTENTS
Page
Report of tho Trustoes
Independent Examiner's report
Statement of Flnanclal Actlvltlo$
Balance sheet
Notes to the a¢¢ounts
Income & Expenditurn Account

THE RAMSEY FOUNDATION
INFORMATION
PROPRIETOR
The Rams¢y Foundatlon
Charfty number: 270604
PRINCIPAL OFFICE
Abb&y College
AbbÈy Road
Huntingdon
Cambs
PE26 1DG
ACCOUNTANTS
Whitings LLP
Chartered Accountsnts & Bu$lness Advlsers
108 High Street
Ramsey
Cambridgèshlre
PE26 1BS
BANKERS
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malllng
Kent
ME19 4JQ
TRUSTEES
MR AJ DODS (Chalmianl
MRS M AJACKSON
MR E J EDWARDS
MR J STEVENS
MRS J A BAKER
P8ge 1

THE RAMSEY FOUNDATION
The Twstees submlt thelr report and accounts for the year to 31 IAarch 2021.
PRINCIPAL ACTIVITIES
The Trust Is th• admlnl$tratlve vehicle whos• oblectives are as follows:
Thè benoll¢lal object of the charlty 1$ to provide support to the Abbay College and the edu¢atlon of Its
students, pre$ent and past, and under the age of 25 years by:
1. th& award of grants to students;
2. provl$lon of grants and oth•r rgsourcos to Abbèy Coll•gé
RESULTS FOR THE YEAR
The surplus for the year amounted to £19,648 after a surplus In 2020 of £21,336.
There were no transactlons In respect of Restrlcted Funds.
The Tru$tg9$ recommend that the balance of unrestrl¢t•d funds of £117,606 surplus be carrled
forward.
TRUSTEES
Thè Trustees who served the Foundatlon durlng the year ar• Ilsted on page 1.
FIXED ASSETS
Expendlture durlng the year was £NIL.
TAXATION
In tha opinion of the Tru$t&ès, tho Foundation 1$ exèmpt from taxatlon.
ACCOUNTANTS
A rasolution will b& proposed at the nèxt Genoral Moeting to re4ppoint tho Indepèndent Examiners,
Whltlngs LLP.
Page 2

THE RAMSEY FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
Chartty Law requir9$ the Trustees to prèpare statements of account for each financial period which
give a true and fair View of the state of affairs of tha Charity and of its incomlng resources and
application of resources for that p¢riod. In preparlng those financlal statsments, the Trustees are
requlred to:
al sele¢t suitable ac¢ountlng policies and then apply them consl$tently-
b) make judgements and estimates that are reasonable and prud¢nt-
¢} to value assèts and liabllities In accordance wEth the Statement of Re¢ommended Practi¢e
Accounting by Charities.
The Trustee$ are responslble for keeping proper accounting racords which are sufflclent to show and
explain the Charity's transactions and to disclose with rèa$onable accuracy at any time the financlal
position of tha Charity, and to enable them to ensure that the statements of account comply with the
requirement$ of the Charity (Accounts and Reports} Regulations 1995.
They aro also responsible for safeguarding the assets of the Charity and hence for taking reasonabla
stèps for the prevention and detection of fraud and othèr irregularities.
Slgnod on behalf of the Trustees
A Dods
Date:
6 January 2021
Page 3

THE RAMSEY FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE RAMSEY FOUNDATION ON THE UNAUDITED
FINANCIAL INFORMATION
I report on the accounts of thè Foundatlon for the yoar ended 31 March 2021 whl¢h are set out on
pages S to g whl¢h have been prepared under the hlstorical cost convention.
Respectlve responslbllltlgs of trustses and Indepgndent examlnor
A$ the ¢harlty's trustee5 you are responsible for the preparatlon of the accounts; you conslder that the
audit requirement of section 144121 of the Charities Act 2011 (the Act} does not apply. It Is my
responsibility to state, on the procedures specified In the General 0Srectlon$ glven by the Charlty
Commisslonèrs under sectlon 145{5llbl of the Act, whether partlcular matters have Come to my
attontlon.
Basis of independent examinor's statement
y examlnatlon wa$ ¢arried out In accordano with the General Directions given by the Charity
Commissloners. An examination includes a review of the accounting records kept by the charity and a
comparlson of the accounts presented wlth those records. It also Includes conslderatlon of any
unusual Itoms or dlsclosures In the accounts, and $•oklng explanatlons from you as trustees.
concernlng $u¢h matlgrs. The pro¢edure$ undertaken do not provlde all the ¢vlden¢t that would be
r¢qulred In an audit, and consequently I do not express an audit opinion on the view given by the
a¢counts.
Independont examlner'$ statgmgnt
I have completed my examination. I confirm that no materlal matters have come to my attentlon in
connection with the oxamination giving me cause to believa that in any matarial raspèct:
1. aceountlng rècord$ w•r¢ not kèpt In ro$p¢¢t of thè Trust •$ r¢qulred by se¢tlon 130 of the Act. or
2. the accounts do not &c￿rd wlth those re¢ords,' or
3. the accounts do not comply wlth the appll¢ablè requlromènts concèrnlng thè form and Contènt of
accounts set out in the Charitie5 (Accounts and Reports) Regulation5 2008 other than any requirement
that the accounts give a 'true and fair view which is not a maltar consid&r•d as part of an independent
examination.
Our work has boen undertaken In accordance wlth th& guldan¢e of ICAEW as detsll&d at Icaew.¢oml
compilatlon.
ANDREW BAND
WHITINGS LLP
Chartered Accountants & Buslness Advlsers
108 Hlgh Street
Ramsey
Cambrldgeshlro
PE26 1BS
Date".
Page 4

THE RAMSEY FOUNDATION
STATEMENT OF FINANCIAL ACTlVtTIES
FOR THE YEAR ENDED 31 MARCH 2021
2021
2020
INCOME & ENDOWNMENTS
Investment Income
Other In¢ome
51.917
50.681
380
TOTAL INCOME & ENDOWNMENTS
51.917
5t.061
LESS: EXPENDITURE
Expenditure on properties
Expenditure on charitable acllvSlles
Administration costs
12.785
13,400
6.084
19.864
4.195
5,666
TOTAL EXPENDITURE
32.269
29,725
NET INCOMINGIIOUTGOINGI RESOURCES
FOR THE YEAR
19,648
21.336
Page 5

THE RAMSEY FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2021
2021
2020
Note
ASSETS
Fixed assets
1.084,739
9,523
1,085, 134
9,274
Investments
1,094,262
1,094,408
CURRENT ASSETS
Poors Land Charity
Prepayments
Other debtors
Deposit account
Current account
1,844
1.669
660
2,277
1,502
69,752
5,000
50,085
5,000
78,925
58.864
CURRENT LIABILITIES
Accountancy accrual
1726)
(708)
NET CURRENT ASSETS
78,199
58. 156
TOTAL ASSETS LESS CURRENT LIABILITIES
1,172,461
1. 752,564
RESERVES
Charibond accumulation shares
Revaluation reserve
William Brown prlze fund
9,523
1,04S,331
9,274
1,045,331
1.054.855
1,054,606
UNRESTRICTED FUNDS
Balance brought forward
Excess of income over expenditure
97,958
19,648
T6,622
21.336
117,606
97,958
1,172,461
1. 152,564
Paoe 6

THE RAMSEY FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
ACCOUNTING POLICIES
1.1 8a$ls of preparation of accounts
The accounts have been prepared on an accruals basls under the historical cost ¢onventlon.
1.2 Tangiblo fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Deprèclation 1$ provided at rates
calculated to wrlte off the cost of fixed assets. less their estimated residual value, over their
expected u$*ful lives on the following bases:
Old Grammar School
Squash Courts
stable Flats
Lodge
Small Holding
Playing Field
0.0%
0.0 /0
0.0 /0
3.70/0
0.00
0.0°
STABLE FLATS INCOME & AGENTS FEES
The incorne from the stable flats is stated gross, before the deduction of agents fees. The cost of the
agents fees has ￿en included in admin & management fees.
PRIZES & DONATIONS
The 2021 figure for prizes & donations is for the school prizes, for contributions to the Ramsey Abbey
ScSence & Ramsey Abbey Disadvantaged COVID-19 Support. lor lunch clubs, sports equipment and for
pupil assistan￿.
Page 7

THE RAMSEY FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
ASSETS
Squash
Courts &
Playing
Field
Old
75.542
acres of
farmland
Grammar
S¢hool
Stabl8
Flats
Lodgo
Total
Costnialuatlon
At 1 April 2020 and
31 March 2021
150,000
300,000
375,000
10.664
255,000 1,090,664
Depreciatlon
At 1 April 2020
Charge for the year
5,530
395
5.530
395
Al 31 March 2021
5,925
5.925
N¢t k>ook value
Al 31 March 2021
150,000
300,000
375.000
4,739
255,000
1,084,739
At 31 March 2020
750.(WQ
300,000
3r5,000
5,134
255,000 1,085, 134
INVESTMENTS
2021
2020
Charibond accumulation shargs al valuation
9,523
9,274
Page 8

THE RAMSEY FOUNDATION
INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
2021
2020
TURNOVER
Smallholdings
Stable flats
Lodge
Poors Land Charity
Bank interest
6.390
33,668
9,990
1,845
24
6.390
32,955
9,000
2.277
59
GROSS SURPLUS
51.917
50,681
OTHER
Squash court income
380
51.917
51.061
LESS: EXPENSES
LAND & BUILDINGS
Repairs & refurbishrllenls
Squash court insuran￿, rnainlenance, light
& heat
Insurance
Depreciation
7.504
12.945
2.528
2.358
395
5,734
790
395
12,785
19,864
ADMINISTRATION
Accountancy fees
Administration & management costs
Sundries
Prizès & donations
Surveyors Fees & Cost of Plans
726
5.300
52
T08
4,881
50
4,195
27
13AOO
19.484
9,861
32.269
29.725
NET SURPLUS FOR THE YEAR
19,648
21.336
Page 9

THE RAMSEY FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE RAMSEY FOUNDATION ON THE UNAUDITED
FINANCIAL INFORMATION
I report on the accounts of thè Foundatlon for the yoar ended 31 March 2021 whl¢h are set out on
pages S to g whl¢h have been prepared under the hlstorical cost convention.
Respectlve responslbllltlgs of trustses and Indepgndent examlnor
A$ the ¢harlty's trustee5 you are responsible for the preparatlon of the accounts; you conslder that the
audit requirement of section 144121 of the Charities Act 2011 (the Act} does not apply. It Is my
responsibility to state, on the procedures specified In the General 0Srectlon$ glven by the Charlty
Commisslonèrs under sectlon 145{5llbl of the Act, whether partlcular matters have Come to my
attontlon.
Basis of independent examinor's statement
y examlnatlon wa$ ¢arried out In accordano with the General Directions given by the Charity
Commissloners. An examination includes a review of the accounting records kept by the charity and a
comparlson of the accounts presented wlth those records. It also Includes conslderatlon of any
unusual Itoms or dlsclosures In the accounts, and $•oklng explanatlons from you as trustees.
concernlng $u¢h matlgrs. The pro¢edure$ undertaken do not provlde all the ¢vlden¢t that would be
r¢qulred In an audit, and consequently I do not express an audit opinion on the view given by the
a¢counts.
Independont examlner'$ statgmgnt
I have completed my examination. I confirm that no materlal matters have come to my attentlon in
connection with the oxamination giving me cause to believa that in any matarial raspèct:
1. aceountlng rècord$ w•r¢ not kèpt In ro$p¢¢t of thè Trust •$ r¢qulred by se¢tlon 130 of the Act. or
2. the accounts do not &c￿rd wlth those re¢ords,' or
3. the accounts do not comply wlth the appll¢ablè requlromènts concèrnlng thè form and Contènt of
accounts set out in the Charitie5 (Accounts and Reports) Regulation5 2008 other than any requirement
that the accounts give a 'true and fair view which is not a maltar consid&r•d as part of an independent
examination.
Our work has boen undertaken In accordance wlth th& guldan¢e of ICAEW as detsll&d at Icaew.¢oml
compilatlon.
ANDREW BAND
WHITINGS LLP
Chartered Accountants & Buslness Advlsers
108 Hlgh Street
Ramsey
Cambrldgeshlro
PE26 1BS
Date".
Page 4