2020-12-31-accounts

	Annual Report for 2020	Annual Report for 2020
Trust Name:	MENDLESHAM EDUCATIONAL FOUNDATION
Charity Commission No.	271762
Clerk to the Trust	Mr. Mike Favager, 2 The Old Orchard, Front Street, Mendlesham, STOWMARKET, Suffolk. IP14 5TY
Trustees for 2017	Mr. D. Nunn (Chairman)	Nominative appointed by Mendlesham Parish Council
	Rev. P. T. Gray (V.Chairman)	Ex Officio
	Mr. R. M. Fenning	Nominative appointed by Mendlesham Parish Council
	Mrs. A. Fox	Co-optative
	Dr. P. Head	Co-optative
	Mrs. D. I. Smith	Co-optative
	Mr. A. Stringer	Nominative appointed by Suffolk County Council
	The Trust is administered by the appointed Trustees. The Trustees give their time voluntarily; the clerk is paid an annual allowance.

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Terms of Office	The terms of office for our Trustees is set out in the Charity Commission Scheme dated 26thSeptember, 1983.
Assets	The Trust owns 37.448 acres of land which is rented to Messrs H. E. Knock and Son, Juby Bros. and J. W. Davey & Sons. Old School House – Tenants Mr. & Mrs. R. Lambert. The Old School Room – Hired out as a meeting room. There were only 53 hirings during 2020, a significant impact on hirings due to Covid-19. The Foundation was awarded a District Council Grant to support the loss of use of this amenity.The Trustees are very grateful to the caretaker and booking secretary, Mrs. Daphne Lambert for her continued care of the building.
Performance in 2020	During the year educational grants totalling £18450.00 have been distributed to 36 students. A further £1925.00 in grants were made to village youth organisations. Mendlesham Primary School were awarded £754.75 to purchase workbooks for pupils during the first Lockdown Period. The School also received £12,000.00, (£6000 backdated to 2019). The trust maintains a pledge of £6000 towards the new Scout Headquarters to be built at Mendlesham Green. All meetings during the year were held using Zoom The trust maintains its registration for Data Protection with the ICO.
Investments	The Foundation continues to have its portfolio managed by Kingsfleet Wealth. The portfolio of investments remains with 7IM. Part of the portfolio is invested for growth and the dividends on the remainder are paid monthly as income to support the grants made for education and village youth organisations. The investment portfolio has been affected by the Covid-19 pandemic and this has been reflected in the overall valuation for 2020 being 0.8% lower than 2019. This has also been reflected in the investment income which is 23% less than 2019.
Maintenance of Assets	No major works have been required in the Old School Room. It has been agreed by the Trustees to install an upstairs bathroom in the Old School House pending estimates for the the work.
Financial Reviews	The financial advisor, Mr. Colin Low of Kingsfleet Wealth Management, unable to attend meetings due to Covid-19 presented the March briefing with a paper presentation circulated amongst the trustees and in October presented the update using Zoom.

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Time for Change	There were no changes to the number of Trustees during the year.

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			Mendlesham Educational Foundation	Mendlesham Educational Foundation	Mendlesham Educational Foundation	Mendlesham Educational Foundation	Mendlesham Educational Foundation
			General Account for year			ended 31st December, 2020
	Receipts	Record		£			Payments	Ch.	£	£
Jan. 1st	Balance Brought Forward From 2019			15,396.98		Jan 7th	Student Grants - Spring	553-582		6,300.00
Jan 17th	7IM Distribution	Direct Credit		110.53		Apr 19	Student Grants - Summer	662-680		6,000.00
Feb. 19th	7IM Distribution	Direct Credit		223.30		Sep 19	Student Grants - Autumn	687-716		6,150.00
Mar. 18th	7IM Distribution	Direct Credit		3,826.56		Jan 2nd	BT - Broadband and line rental	DD		20.40
Apr 17th	7IM Distribution	Direct Credit		695.30		Feb. 1st	BT - Broadband and line rental	DD		20.40
May19th	7IM Distribution	Direct Credit		613.99		Mar. 5th	BT - Broadband and line rental	DD		20.40
Jun 17th	7IM Distribution	Direct Credit		4,370.92		Apr. 2nd	BT - Broadband and line rental	DD		20.40
July15th	7IM Distribution	Direct Credit		59.33		May1st	BT - Broadband and line rental	DD		21.60
Aug19th	7IM Distribution	Direct Credit		1,162.45		Jun 3rd	BT - Broadband and line rental	DD		21.60
Sep 16th	7IM Distribution	Direct Credit		4,882.87		July3rd	BT - Broadband and line rental	DD		21.60
Oct 19th	7IM Distribution	Direct Credit		1,530.04		Aug2nd	BT - Broadband and line rental	DD		21.60
Nov 18th	7IM Distribution	Direct Credit		370.45		Sep 2nd	BT - Broadband and line rental	DD		19.00
Dec 17th	7IM Distribution	Direct Credit		2,428.31		Oct 3rd	BT - Broadband and line rental	DD		21.60
Jan. 10th	TSB Interest	Credit Interest		7.42		Nov 4th	BT - Broadband and line rental	DD		21.60
Feb. 10th	TSB Interest	Credit Interest		7.75		Dec 3rd	BT - Broadband and line rental	DD		21.60
Mar. 10th	TSB Interest	Credit Interest		8.38		Feb 14th	Anglia Water Busi 501161150013	DD		123.05
Apr 10th	TSB Interest	Credit Interest		7.74		Jun 4th	Anglia Water Busi 501161150013	DD		65.43
May10th	TSB Interest	Credit Interest		6.60		Mar 31st	npower - electricity	DD		193.10
June 10th	TSB Interest	Credit Interest		5.64		Jun 23rd	npower - electricity	DD		28.71
July10th	TSB Interest	Credit Interest		4.66		Jul 30th	npower - electricity	DD		20.99
Aug. 10th	TSB Interest	Credit Interest		3.26		Oct 1st	npower - electricity	DD		90.53
Sept. 10th	TSB Interest	Credit Interest		3.27		Dec 31st	npower - electricity	DD		131.75
Oct. 10th	TSB Interest	Credit Interest		3.16		Mar. 18th	I.C.O. Fee	DD		35.00
Nov. 10th	TSB Interest	Credit Interest		4.78		Aug31st	Lovewell Blake 2018 Acounts	684		690.00
Dec. 10th	TSB Interest	Credit Interest		4.77		May28th	Flameskill - fire extinguisher mtnce.	681		101.94
Jun 16th	Mid Suffolk COVID 19 Grant(Loss of use OSR)	Direct Credit		5,000.00		Sep 28th	Part Share of Zoom Licence	717		20.00
Apr 27th	Old School House rent	500122		819.32		May21st	PPL PRS Music Licence	661		124.80
July02nd	Old School House rent	500124		819.32		Aug31st	NFU - Insurance	685		1,271.07
Oct 16th	Old School House rent	500002		819.32		Jul 1st	Msh. PrimarySchool Covid-19 Support	682		754.75
Dec. 31st	Old School House rent	500006		819.32		Nov 26th	Lisa Gooch _specialistglasses	718		285.00
Apr 24th	Old School Room lettings	500122		312.00		Aug3rd	Mrs D Lambert Furlough allowance Jan -Jun	683		432.00
July02nd	Old School Room lettings	500124		247.00		Sep 20th	Mrs D Lambert Furlough allowance Jul - Sept	686		216.00
Aug3rd	Old School Room lettings	500125		13.00		Dec 12th	John Milton Academy2019 & 2020 School Su	727		12,000.00
Jun 3rd	Old School Room lettings	500005		225.00		Dec 31st	Clerks Allowance	728		1,575.00
Oct 11th	Land Rent JubyBrother	Direct Credit		950.00		Dec 7th	Guides	721		275.00
Oct. 19th	Land Rent: J. W. Davey& Sons	500004		1,750.00		Dec 7th	Brownies	720		275.00
Oct. 17th	Land Rent: H. E. Knock & Sons	500003		1,660.00		Dec 7th	Explorers	726		275.00
Oct 5th	Nat. Grid Wayleaves	500001		2.17		Dec 7th	Cubs	725		275.00
Dec 14th	COIF CharityDeposit	Transfer		5,000.00		Dec 7th	Beavers	724		275.00
						Dec 7th	Rainbows	722		275.00
					of 1 2

					Dec 7th	Scouts	723		275.00
					Dec 7th	St Marys PCC - JAM Bibles	719		80.00
						Total Expense 2020			£ 38,865.92
					31 Dec 20	TSB Business Instant Access Acc. Balance			7,917.14
						Cashpaid in After Dec 2020			1,044.32
					31 Dec 20	TSB Club, Charityand Trust Account			8,047.53
					31 Dec 20	Unpresented Cheques 2020			- 1,700.00
						Connor Williams 697		- 300.00
						Explorers 726		- 275.00
						George Carter 716		- 150.00
						Stephanie Dempsey712		- 150.00
						Brownies 720		- 275.00
						Guides 721		- 275.00
						Rainbows 722		- 275.00
								- 1,700.00
						Total Cash in Bank			£ 15,308.99
	Total Income 2020		£ 54,174.91			Total			£ 54,174.91
			Accessible Funds
	COIF Charities Deposit Account					COIF Charities Fixed Interest Fund
Jan. 1st	Brought forward		22,409.72			Accumulation Units: Total holding3609.60
March 31st	Interest		32.86		Jan. 1st 2020	Brought Forward			£ 32,961.42
June 30th	Interest		18.58		Dec 31st 2020	Carried Forward			£ 35,162.56
Sept. 30th	Interest		6.69
Dec 12th	Transfer to TSB		- 5,000.00
Dec. 31st	Interest		0.77
			£ 17,468.62
	Investments
	Kingsfleet Wealth
1 Jan 20	7IM Portfolio Valuation:		£ 865,514.43
31 Dec 20	7IM Portfolio Valuation:		£ 858,005.82
	Net Loss on Investments for 2020		-£ 7,508.61

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		2020
Direct Credit	Date	Amount	Total	Total Income 2019
PSL/7IM Reference 0000705505	17 Jan 19	110.53
PSL/7IM Reference 0000717403	19 Feb 19	223.30
PSL/7IM Reference 0000728215	19 Mar 19	3,826.56
PSL/7IM Reference 0000740968	17 Apr 19	695.30
PSL/7IM Reference 0000752969	17 May19	613.99
PSL/7IM Reference 0000764797	19 Jun 19	4,370.92
PSL/7IM Reference 0000775607	17 Jul 19	59.33
PSL/7IM Reference 0000788240	19 Aug19	1,162.45
PSL/7IM Reference 0000799265	18 Sep19	4,882.87
PSL/7IM Reference 0000809956	17 Oct 19	1,530.04
PSL/7IM Reference 0000821955	19 Nov 19	370.45
PSL/7IM Reference 0000834005	18 Dec 19	2,428.31
Total Investment income 2020			£ 20,274.05
Total Income from OSR Hire			£ 1,123.00
Total Income OSH Rent			£ 3,277.28
Total Income from Land Rent			£ 4,362.17
Grant COVID 19			£ 5,000.00
COIF Transfer			£ 5,000.00
Total Donations			£ -
TSB Interest			£ 67.43
Total Income for 2020			£ 39,103.93
Brought forward from 2019			£ 15,396.98
Balance at 31 December 2020				£ 54,500.91

1

	Educational Foundation Land Rent 2020	Educational Foundation Land Rent 2020	Educational Foundation Land Rent 2020	Educational Foundation Land Rent 2020
From	Date	Method	Amount
JubyBrothers Rent Cotton Rd	Oct 11th	Faster Payment	£950.00
Daveyand Sons land Rent 500111	Oct. 19th	ICS BGC	£1750.00	Receipt Book 060
HE Knock and sons 500111	Oct. 17th	ICS BGC	£1660.00	Receipt Book 061
National Grid Wayleaves 500114	Oct 5th	ICS BGC	£2.17
Total Income			£4,362.17

1

Educational Foundation TSB Interest 2019	Educational Foundation TSB Interest 2019	Educational Foundation TSB Interest 2019	Educational Foundation TSB Interest 2019	Educational Foundation TSB Interest 2019
TSB	Date	Amount
Acc 01140186	10 Jan 19	£ 4.81
Acc 01140186	10 Feb 19	£ 5.01
Acc 01140187	10 Mar 19	£ 4.51
Acc 01140188	10 Apr 19	£ 4.99
Acc 01140189	10 May19	£ 1.39
Acc 01140190	10 Jun 19	£ 2.83
Acc 01140191	10 Jul 19	£ 5.13
Acc 01140192	10 Aug19	£ 6.50
Acc 01140193	10 Sep19	£ 6.90
Acc 01140194	10 Oct 19	£ 6.94
Acc 01140195	10 Nov 19	£ 10.12
Acc 01140196	10 Dec 19	£ 8.81
Total Interest 2019		£ 67.94

1

Old School Room Income 2019	Old School Room Income 2019	Old School Room Income 2019	Old School Room Income 2019	Old School Room Income 2019	Old School Room Income 2019	Old School Room Income 2019	Old School Room Income 2019
From and reference	Date	Method	From Booking Clerk	Direct Payments	Receipt book ref	Receipt BookTotals	Notes
OSR Hire 500047	4 Apr 19	At bank	£145.00		50	145	Paid to account 30574060
Mendlesham Internet Cafe	8 May19	Faster Payment		£199.00
OSR Hire 500104	12 Jun 19	ICS BGC	£204.00		54	352
OSR Hire 500049	11 Jun 19	ICS chequepayment	£148.00		54		Paid to account 30574060
OSR Hire 500107	23 Jul 19	Direct Debit	£78.00		56	78
OSR Hire 500108	2 Sep19	Faster Payment	£111.00		57
OSR Hire 500109	4 Sep19	ICS BGC	£280.00		57	391
OSR Hire 500110	4 Oct 19	ICS BGC	£70.00		58	70
OSR Hire 500113	1 Nov 19	ICS chequepayment	£183.00		63
OSR Hire 500114	4 Nov 19	ICS BGC	£60.00		63	243
OSR Hire 500115	13 Dec 19	ICS chequepayment	£144.00		64	144	Foresters Cheque £26 bounced
OSR Hire 500117	24 Dec 19	Cash	£52.00		65	130
OSR Hire 500116	30 Dec 19	ICS BGC	£78.00		65
OSR Hire Mid Suffolk Gen Election	27 Jan 20	Direct Credit		£120.00			General Election 12 Dec 2019
OSR Hire 500120	4 Feb 20	Deposit of Cash	£129.00		67	415	From 2019 Bookings
Mendlesham Internet Cafe	4 Feb 19	Faster Payment		£399.00
OSR Hire 500119	5 Feb 19	ICS BGC	£286.00		67		From 2019 Bookings
OSR Hire 500121	26 Feb 19	ICS BGC	£205.00		68	205	From 2019 Bookings
OSR Hire Mid Suffolk Gen Election	Mar 20	Direct Credit		£240.00			Local Elections and MEP Elections from May19
Mendlesham Internet Cafe	Mar 20	Faster Payment		£86.00
Total			£2173.00	£1044.00		2173
Total OSR Rent income 2019				£3217.00

1

Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019	Old School Room Lettings 2019
											Comp Club	Music Lic	Sat Cafe	Trustees
	£3	£5	£10	£13	£15	£18	£20	£25	£33	£120	£13	£1	£15
January	1			12							4	4
February	1			13							4	4	1
March	1			11	1						4	4	1	1
April	2			10							2	2	1
May	1			11		1			1	2	3	3	1
June	1			11							4	4	1
July	1			11			1				3	3	1
August	1			6							1	1	1	1
September	1	2		12							3	3	1	2
October		3		18			1				4	4	1
November				20			1				4	4	1	1
December			1	14			1	1		1	1	2	1
Total	10	5	1	149	1	1	4	1	1	3	37	38	11	5	262
Income	£30	£25	£10	£1937	£15	£18	£80	£25	£33	£360	£481	£38	£165	0	£3217.00

1

Educational Foundation Old School House Rent	Educational Foundation Old School House Rent	Educational Foundation Old School House Rent	Educational Foundation Old School House Rent	Educational Foundation Old School House Rent
OSH	Paid to Account	Date	Amount	Receipt Book Ref
Rent - Mar 19	30574060		£803.25	49
Rent Jun 19 500106	1140186	24 Jul 19	£803.25	55
Rent - Sep19 500112	1140186	23 Oct 19	£803.25	62
Rent - Dec19 50118	1140186	5 Feb 20	£803.25	66
Total for 2019			£ 3,213.00

1

Educational Foundation all Expenditure 2020	Educational Foundation all Expenditure 2020	Educational Foundation all Expenditure 2020	Educational Foundation all Expenditure 2020	Educational Foundation all Expenditure 2020	Educational Foundation all Expenditure 2020
Item	Date	Amount	Total
Educational Grants	31 Dec 20	£18,450.00
Electricity	31 Dec 20	£465.08
Water	31 Dec 20	£188.48
BT Broadband	31 Dec 20	£251.80

1

							2019 Educational Grants	2019 Educational Grants	2019 Educational Grants
Date	Cheque	Recipient	Amount	Presented	Date	Cheque	Recipient	Amount	Presented		Date	Cheque	Recipient
		Spring					Summer				Autu
Jan 19	392	PIGOTT	£300.00		Apr 19	419	PIGOTT	£300.00			Sep 19	508	Bartholomew
Jan 19	393	PICKUP	£300.00		Apr 19	420	PICKUP	£300.00			Sep 19	510	Bullock
Jan 19	394	WILLIAMS A	£300.00		Apr 19	481	WILLIAMS A	£300.00			Sep 19	511	Carter
Jan 19	395	GAMMAGE Em	£300.00		Apr 19	482	GAMMAGE Em	£300.00			Sep 19	512	Carter
Jan 19	396	HARRISON N	£300.00		Apr 19	483	HARRISON N	£300.00			Sep 19	513	Child
Jan 19	397	WILLIAMS F	£300.00		Apr 19	484	WILLIAMS F	£300.00			Sep 19	514	Cridge
Jan 19	398	SPARROW	£150.00		Apr 19	485	SPARROW	£150.00			Sep 19	515	Crooks
Jan 19	399	STOCKER	£300.00		Apr 19	486	STOCKER	£300.00			Sep 19	516	Goodrum
Jan 19	400	BULLOCK	£300.00		Apr 19	487	BULLOCK	£300.00			Sep 19	517	Goymer
Jan 19	401	LING	£150.00		Apr 19	488	LING	£150.00			Sep 19	518	Green
Jan 19	402	GAMMAGE Et	£150.00		Apr 19	489	GAMMAGE Et	£150.00			Sep 19	519	Harrison
Jan 19	403	GOYMER	£150.00		Apr 19	490	GOYMER	£150.00			Sep 19	520	Jordan
Jan 19	404	STYLES	£150.00		Apr 19	491	STYLES	£150.00			Sep 19	521	Knock
Jan 19	406	WILLIAMS E	£150.00		Apr 19	492	WILLIAMS E	£150.00			Sep 19	522	Miller
Jan 19	407	LAMBERT	£150.00		Apr 19	493	LAMBERT	£150.00			Sep 19	523	Miller
Jan 19	408	WILLIAMS M	£300.00		Apr 19	494	WILLIAMS M	£300.00			Sep 19	524	Sparrow
Jan 19	409	WILLIAMS C	£300.00		Apr 19	495	WILLIAMS C	£300.00			Sep 19	525	Sparrow
Jan 19	410	CARTER	£300.00		Apr 19	496	CARTER	£300.00			Sep 19	526	Stocker
Jan 19	411	SHEPPARD	£150.00		Apr 19	497	SHEPPARD	£150.00			Sep 19	527	Styles
Jan 19	412	HARRISON R	£300.00		Apr 19	498	HARRISON R	£300.00			Sep 19	528	White
Jan 19	413	MILES	£150.00		Apr 19	499	MILES	£150.00			Sep 19	529	Williams
Jan 19	414	EVERETT	£150.00		Apr 19	500	EVERETT	£150.00			Sep 19	530	Williams
Jan 19	415	WHITE	£150.00		Apr 19	501	WHITE	£150.00			Sep 19	531	Williams
Jan 19	416	HARRISON S	£150.00		Apr 19	502	HARRISON S	£150.00			Sep 19	532	Williams
											Sep 19	533	Pickup
		Total	£5,400.00				Total	£5,400.00			Sep 19	534	Prentice
											Sep 19	535	Sheppard
											Sep 19	536	Monksfield
											Sep 19	540	Everett
											Sep 19	546	Timpson

1

	Spring	£5,400.00
	Summer	£5,400.00
	Autumn	£6,600.00
	Total 2019	£17,400.00

2

	Amount	Presented
mn
Michael	£150.00
Joseph	£300.00
George	£300.00
Matthew	£300.00
Monique	£150.00
Oliver	£300.00
Ethan	£300.00
Lucy	£300.00
Bradley	£150.00
Lydia	£300.00
Rebekah	£300.00
Elle	£150.00
Melody	£300.00
Joel	£150.00
Reuben	£150.00
Jake	£150.00
Aaron	£150.00
Euan	£300.00
Keelan	£150.00
Ayumi	£150.00
Megan	£300.00
Connor	£300.00
Erin	£150.00
Freddie	£300.00
Alice	£300.00
Aiden	£150.00
Curtis	£150.00
Cara	£150.00
Daniella	£150.00
Bradley	£150.00
Total	£6,600.00

3

							2020 Grants	2020 Grants	2020 Grants
Date	Cheque	Recipient		Amount	Date	Cheque		Recipient	Amount		Date	Cheque
Spring							Summer
	553	Bartholomew	Michael	£150.00		CX	Bartholomew	Michael			Sept	687
	554	Bullock	Joseph	£300.00		592	Bullock	Joseph	£300.00		Sept	688
	555	Carter	George	£300.00		593	Carter	George	£300.00		Sept	689
	556	Carter	Matthew	£300.00		594	Carter	Matthew	£300.00		Sept	690
	557	Child	Monique	£150.00		CX	Child	Monique			Sept	691
	585	Cridge	Oliver	£300.00		595	Cridge	Oliver	£300.00		Sept	692
	559	Crooks	Ethan	£300.00		597	Crooks	Ethan	£300.00		Sept	693
	560	Goodrum	Lucy	£300.00		598	Goodrum	Lucy	£300.00		Sept	694
	561	Goymer	Bradley	£150.00		599	Goymer	Bradley	£150.00		Sept	695
	CX	Green	Lydia			CX	Green	Lydia			Sept	696
	563	Harrison	Rebekah	£300.00		600	Harrison	Rebekah	£300.00		Sept	697
	564	Jordan	Elle	£150.00		662	Jordan	Elle	£150.00		Sept	713
	565	Knock	Melody	£300.00		663	Knock	Melody	£300.00		Sept	698
	566	Miller	Joel	£150.00		664	Miller	Joel	£150.00		Sept	714
	567	Miller	Reuben	£150.00		665	Miller	Reuben	£150.00		Sept	699
	568	Sparrow	Jake	£150.00		666	Sparrow	Jake	£150.00		Sept	700
	569	Sparrow	Aaron	£150.00		667	Sparrow	Aaron	£150.00		Sept	701
	570	Stocker	Euan	£300.00		668	Stocker	Euan	£300.00		Sept	702
	571	Styles	Keelan	£150.00		669	Styles	Keelan	£150.00		Sept	703
	572	White	Ayumi	£150.00		670	White	Ayumi	£150.00		Sept	704
	573	Williams	Megan	£300.00		671	Williams	Megan	£300.00		Sept	705
	574	Williams	Connor	£300.00		672	Williams	Connor	£300.00		Sept	715
	575	Williams	Erin	£150.00		673	Williams	Erin	£150.00		Sept	706
	576	Williams	Freddie	£300.00		674	Williams	Freddie	£300.00		Sept	707
	300	Pickup	Alice	£300.00		675	Pickup	Alice	£300.00		Sept	708
	578	Prentice	Aiden	£150.00		676	Prentice	Aiden	£150.00		Sept	709
	579	Sheppard	Curtis	£150.00		677	Sheppard	Curtis	£150.00		Sept	710
	580	Monksfield	Cara	£150.00		678	Monksfield	Cara	£150.00		Sept	716
	581	Everett	Daniella	£150.00		679	Everett	Daniella	£150.00		Sept	711
	582	Timpson	Bradley	£150.00		680	Timpson	Bradley	£150.00		Sept	712
			Total	£6,300.00					£6,000.00

1

Recipient		Amount
Autumn
Sarah	Harrison	£150.00
Bradley Keith Stephen	Timpson	£300.00
Lucy Sarah	Goodrum	£150.00
Rhian	Bamford	£300.00
Isabella	Woodley	£300.00
Oliver	Cridge	£300.00
Rebekah	Harrison	£300.00
Chloe	Williams	£300.00
Reuben	Miller	£150.00
Euan	Stocker	£300.00
Connor	Williams	£300.00
Eleanor Jane	Bowyer	~~£150.00~~
Cara	Monksfield	£150.00
Melody	Knock	~~£150.00~~
Daniel	Woodley	£150.00
Owen	Sheppard	£150.00
Aiden Ryan	Prentice	£150.00
Matilda	Sheasby	£150.00
Freddie Alfie Sagar	Williams	£300.00
Megan	Williams	£300.00
Taylor	Jordan	£150.00
Alice	Pickup	~~£150.00~~
Jake	Sparrow	£150.00
Aaron	Sparrow	£150.00
Matthew	Carter	£300.00
Stevie Marie	Squirrell	£150.00
Elle	Jordan	£150.00
George	Carter	~~£150.00~~
Holly	Lummis	£150.00
Stephanie	Dempsey	£150.00
		£6,150.00

3

Educational Foundation Other Expenditure 2019	Educational Foundation Other Expenditure 2019	Educational Foundation Other Expenditure 2019	Educational Foundation Other Expenditure 2019	Educational Foundation Other Expenditure 2019	Educational Foundation Other Expenditure 2019
Recipient	Date	Cheque	Amount	Item
M Favager	13 Mar 19	417	£492.31	Ed Foundationpartpayment for Laptop
Daniel P Drewery	14th Apr 19	418	£600.00	OSR Water heater replacement
Flame Skill	6 May19	503	£45.72	Flame Skill inv 901256
PPL PRS	12 May19	504	£121.20	Music Licence 2019
N Power	20 May19	505	£263.76	OSR Electricity
D Lambert	15 Jul 19	506	£25.00	OSR Window Cleaning
NFU Mutual	5 Sep19	507	£1236.25	PropertyInsurance
Mike Favager	30 Sep19	539	£365.61	Printing, OSR Kitchen, Stationary
Lovewell Blake	11 Nov 19	541	£690.00	2018 Annual returns costs
Peggs Joinery	23 Nov 19	542	£5832.00	OSR Replacement Doors and Windows
KerryConstruction	23 Nov 19	543	£660.00	OSR Doors and Windows Painting
M Favager	31 Dec 19	583	£1260.00	Clerks Pay2019
Church and Town	31 Dec 19	586	£1631.00	Land Rent D Nunn Error
D Lambert	31 Dec 19	588	£897.30	OSR BookingClerk
Total Other Expense 2019	31 Dec 19		£14,120.15

1

Educational Foundation Support Donations	Educational Foundation Support Donations	Educational Foundation Support Donations	Educational Foundation Support Donations	Educational Foundation Support Donations
Recipient	Date	Cheque	Amount	Details
James Goodrum	28 Sep19	509	£200.00	Scout Jamboree
1st Mendlesham Guides	30 Sep19	537	£275.00	Initial setupcosts
MendleshamprimarySchool	30 Sep19	538	£625.00	French School Trip2019
Brandon Paizee	23 Nov 19	544	£100.00	Support for Ipswich Elite Player Attendance 2019/20
Ezmai Elmer	23 Nov 19	545	£100.00	Support for School HistoryTripBelgium and France
1st Mendlesham Beavers	12 Dec 19	547	£275.00	Martyn Bryant
1st Mendlesham Cubs	12 Dec 19	548	£275.00	Rachel White
1st Mendlesham Scouts	12 Dec 19	549	£275.00	Martyn Bryant
Mendlesham Primate Explorer Uniit	12 Dec 19	550	£275.00	Jonathan Reeman
1st Mendlesham Brownies	12 Dec 19	551	£275.00	Emma Munday
1st Mendlesham Rainbows	12 Dec 19	552	£275.00	BeckyFroude
1st Mendlesham Guides	31 Dec 19	584	£100.00	Additional setupsupport
St Marys PCC	31 Dec 19	589	£50.00	JAM
St Marys PCC	31 Dec 19	590	£100.00	School Remembrance
Total Mendlesham CharitySupport 2019			£3,200.00

1

Accruals to 2020	Accruals to 2020	Accruals to 2020	Accruals to 2020
Details	Date	Method	Amount
Rainbows Grant	6/1/20	Cheque 552	£275.00
Clerks Pay	10/1/20	Cheque 583	£1,260.00
Brownies Grant	13/1/20	Cheque 551	£275.00
Primates Grant	4/2/20	Cheque 550	£275.00
Guides Additional Su	p 6/2/20	Cheque 584	£100.00
Land rent to Church a	13/2/20	Cheque 586	£1,631.00
OSR BookingClerk	6/3/20	Cheque 588	£897.30
St Mary’s PCC(JAM)	6/3/20	Cheque 589	£50.00
St Mary’s PCC(Scho	o 6/3/20	Cheque 590	£100.00
NPower Elec	2/1/20	DD	£154.37
Total			£ 5,017.67

1

Educational Foundation Direct Debits	Educational Foundation Direct Debits	Educational Foundation Direct Debits	Educational Foundation Direct Debits	Educational Foundation Direct Debits
Recipient	Date	Amount	Item
Anglia Water Busi Ref 124411802	1 Mar 19	£49.22
Anglia Water Busi 501161150013	20 Feb 19	£35.30	Water/Sewage
Anglia Water Busi 501161150013	20 Aug19	£31.97
Anglia Water Busi 501161150013	22 Aug19	£0.12	£116.61
BT GroupPLC Ref GP00288861-000020	2 Jan 19	£37.68
BT GroupPLC Ref GP00288861-000021	1 Feb 19	£37.68
BT GroupPLC Ref GP00288861-000022	5 Mar 19	£37.68
BT GroupPLC Ref GP00288861-000023	2 Apr 19	£37.68
BT GroupPLC Ref GP00288861-000024	1 May19	£37.68
BT GroupPLC Ref GP00288861-000025	3 Jun 19	£37.68
BT GroupPLC Ref GP00288861-000026	3 Jul 19	£22.86
BT GroupPLC Ref GP00288861-000027	2 Aug19	£20.40
BT GroupPLC Ref GP00288861-000028	2 Sep19	£20.40
BT GroupPLC Ref GP00288861-000029	3 Oct 19	£20.40
BT GroupPLC Ref GP00288861-000030	4 Nov 19	£20.40
BT GroupPLC Ref GP00288861-000031	3 Dec 19	£20.40	£350.94
ICO ref ZA326186	18 Mar 19	£35.00
NPower Ref 000600762421	2 Jul 19	£145.71
NPower Ref 000600762421	1 Oct 19	£107.21
NPower Ref 000600762421	2 Jan 20	£154.37	£407.29
Total 2019	31 Dec 19	£909.84
Summary
Anglia Water		£154.17
BT		£522.82
ICO		£37.68
NPower		£195.17
		£909.84

1

OSR Summary 2019	OSR Summary 2019	OSR Summary 2019	OSR Summary 2019	OSR Summary 2019
	Income	RunningCosts	Loss/Profit	Repairs 2019
Letting	£3,217.00
BookingAgent Fees 2019		£897.30
Anglia Water		£116.61
BT		£350.97
NPower Direct Debit		£407.29
NPower		£263.76
Music licence		£121.20
Window Cleaning		£25.00
Flameskill		£45.72
PropertyInsurance		£1,236.25
Water Heater				£600.00
Door and Windows				£5,832.00
PaintingDoor and Windows				£660.00
Totals	£3,217.00	£3,464.10	-£247.10	£7,092.00

1

CHARITY REGISTRATION NUMBER: 271762 Mendlesham Educational Foundation Unaudited financial statements 31 December 2020

Mendlesham Educational Foundation Financial statements Year ended 31 December 2020 P•ge Trustees. annual ￿port Independent examTnerfs report to the trustees Statement of financial activities Balance sheet Notes lo the financial ststements

Mendlesham Educational Foundation Trustees, annual report Year ended 31 December 2020 The trustees present their report and the unaudiltrd financial slaternents of the charity for the yoar ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set OLrt in noto8 10 Ihe accounts and comply with the charitvs goveming document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordancè with the FinancAal Reporting Stsndard applicable in the UK and R&publie of Irèland published in Octobèr 2019. Rgference and administratN¢ detsi18 Registered charity name Mendlesham Educational Foundation Charity reglstration number 271762 Princlpal offi¢e 2 The Old Orchard Front Street Mendlesham Stowmarket Suffolk IP14 STY Tha trustges Thg Iru5tee8 who served during the year and at the date of approval were as follows.. D Nunn IChairrn8n- Nominative appointed by Mendlesham Parish Council) Rev P Gray (Vic8 Ch8irman - Ex Officiol J Baker ICo-OPt8bvel Dr P Head ICo-opl81ivel A Fox Ico-oplalivel O Smith ICo-opt81ivel R Fenning (Nominative appointed by Mendlesham Parish Council) A Stringèr (Norninalive appointed by Suffolk County Council)

Mendlesham Educational Foundation Trustees, annual report (￿ntInued) Year ended 31 December 2020 Clerk to the Trust M Favager Flnancial advlsor Kingfleel Wea51h ManagÈment Claydon Court, Old Ipswich Road, Claydtsn, Ipswich. IP8 OAE Independent examiner L Thurslon FCCA Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA Bankers TS8 7 Market Street Stowrnarket IP14 1DY

Mendlesham Educational Foundation Trustees. annual reportfcontlftu Year ended 31 December 2020 Objectlves and activlties Income frorn the Trust as$èls is used to benefit students under the age of 25 years ol age need of financial assistance for educational needs. The charity is for the benefit of Mendlesham residents only. Grants are m8de at the discretion of the Trustees and are subject to the financial position of the Trust. The Trustees endeavour to maintain sufficient funds to enable the work of the Trust lo continue in pèrpètuity. Publlc bènefit rèporting The Trustees are aware of the Charity Commission's guidancè in rèlation to delivering public benefit. The Trustees consider Ihat they are fulfilling the requirement5 to deliver a public benefit. Achievements and perfomiance During the year grants totalling £18,45012019.' £20,600) have been distributed to 3212019". 351. A further £1,925 in grants were made to village youth organisations. Mendlesham Prirnary School were awarded £755 to purchase workbooks for pupils during the first lockdown period. The School also received £12,000. (£6,000 backdated to 20191. The Trust maintains a pledge of £e,OW towards the new Scout Headquarters build at Mendlesham Green. All meetings during the the year were held u8ing Zoom. The Trust rnaintains its registration for Data Protection with ICO. Investments policy The charities financial advisor is Mr C Low of Kingsfleet Wealth Management, who was in attendance a11 12019.. 21 meetings during the year. Mr C Low updates the Trustees on the performance of the portfolio, and is in attendance to make recornmendations and answer questions. The portfolio of invèstments remains with 71M. Part of the portfolio is invested for growth and the dividends on thè remainder 8r8 paid monthly as income to support the grants m8de for education and village youth oiganisatations. In th& opinion of the Trustees the portfolio has perfomied 8alisfactorily amhough the value of the investments h8$ decreased slighdy to £910,838 {2019.' £926.065} at the year end date. Financial review The charity hos income this year of £33,83412019.. £37,9D6} creating 8 net expenditure of £39,552 12019". £33,998). Losses on investments arnounted to £10,48712019'. Gains on investments £78,441) and closing f￿ndS of the charity have decreased to a balance of £925,257. compared to £941.462 in the previous year. Reserves policy The Trustees have established a policy whereby the unrestricted funds not comrnitted or invested in tangible rued assets I'lhe free reserves'l held by the ¢harity should be 3-4 months of the rÈsourc8S expended which would equate to £11,536 12019.. £9.9161 based on cuirent levels of activity. At this level, the Trusteès feel that it would be able to continue activities of the charity in the event of a significant drop in income. Addib"onally. a level of investrnent is maintained lo generate Income to to safeguard grant making in future p8riods. Al present the total reserves less investments are £14,81912019.' £15.3971. The Trustees plan to expense the excess funds.

Mendlesham Educational Foundation Trustees. annual report (¢ortinuqdJ Year ended 31 December 2020 Plans for future periods The Tru8te85 plan to continue lo grow the charity, w((h an aim lo increase investment incorne in future years to safeguard future grants and are mindful of the global pandemic Covid-19, which other than the impact on the investments values is likely to have minirnal impact on charities activities or performance. Structure, governance and management Mendlesham Educational Foundation was established by the wll of Henry Jessop in 1516. The Governing documents Bre the Scheme of the 28th September 1983 and the Scheme of 4th July 1991. The terms of office for Trustees are set out in the Charity Commission Scheme dated 26 September 1983. Thè Tru$teès a￿ ￿spOnsible for making decisions on all matters of general con￿r￿ and importance, including deciding on how the fund5 are to be spent. The Board met 3 12019". 31 tlmes during the year with an average ottendance of 68%12019'. 71°kl. Recruitment and appointment of Trustse¥ New Trustees are appointed from a recruitment and selection process to enhance the skills and experience of the board as a whole. Once appointed, Trustees are provided with all the information required tr) assist them in performing their role as Trustees covering all aspects of the organisation. Trustee Inductlon and training Following an induction by the charity, Lovewèll B18ke LLP provides Trustèès with training regarding the responsibilities of being a Charity Trustee. If Trustees request or require further input then the charity would arrange for them to attend external training as appropriate. Risk management The Trustees have 8ssos$ed the malor risks to which the charity 1$ exposed, and are $alisffted that systems Te in place ID m((igate exposure to the major risks. True and fair override Th¢ finanGial statements have been p￿Pared to give a 'lrue and fairf, view and have (SepartEd frotn the Charilios IAcGounls and Reports) Regulations 2008 only to the extent required to provide a "true 8nd fair view,. This departure has involved following the Accounting and Reporting by Charities.. Statement of Recommendèd Praetiee 8pplicable in the UK and Republic of Ireland issued in October 2019 rather thsn the Accounting and Reporting by Charities.. Slalement of Recommendèd practi￿ from 1 April 2005 which ha8 since been withdrawn. Independgnt examingr rgappointmènt A resolution to appoint L Thurston FCCA of Lovewell Blake LLP as independent examiner will be proposed at the nextAnnual General Meeting. The trustees, annual report was approved on Iru5tee5 by.. i O:..o j ..2.1.... and signed on behalf of the board of D Nunn ICh8imianl Trusteè

Mendlesham Educational Foundation Independent examiner's report to the trustees of Mendlesham Educational Foundation Year ended 31 December 2020 I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December2020 which comprise the statement of financial activf(ies. balance sheet and the related notes. Responsibilities and basis of Trport As the charity'$ trustees you a￿ responsible ft)r the preparation of the financial statements in accordance with the requirements of the Charities A¢t 2011 I'lhe Act'}. I report in respe¢t of my èx8min8tion of the chariws fin8nci81 stslements carried OLJt undèr section 145 of the Act and in carrying out rny èxamination I have followed all the appliGqble Directions givèn by the Charity Commission under section 14515llbl of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no matèri81 mattèrs havè come to my attention in connection with the examination giving me cause to believe that in any material respect". accounting records wgr8 not kept in ￿speCt of thÈ charity as ￿quired by section 130 of the Act,. or the fin8nu81 slalements fjo not accwd with those records., or the financial statements do not comply with the applicable requiremen15 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 fairf view which is not a matter considered as part of an independent examination. I have no concems and have Come across no other matters in efjnne¢tion with the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Your attention is drawn to the fact that the Charity has prepared the accounts Ifinancial statements) in accordance with Accounting and Reptsrting 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 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations bul has since been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Pradice effective for reporting periods beginning on or after 1 January 2015. L Thurston FCCA Independent Examiner Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA

Mendlesham Educational Foundation statement of financlal activities Year ended 31 December 2020 2020 Unrestricted funds Total funds 2019 Totsl ftjnds Note Income and endowments Donations and 18gaci8s Charil8ble activities Investrnenl income S,LX)O 8,434 20.400 .000 8,434 20.400 600 10.792 26,514 37,9( Total Income 33,834 33.834 Expenditure Charitable activities 39,552 39,552 39,552 39.552 33,998 Total expendlture 33,998 Net lexpenditurelfincomè and nat movements in funds b¢forè yain$ and lossès on Invesknents 15,7181 {5,7181 3,908 Nel I10&ses)Igains on investments 110,4871 110.4871 78,441 Net (expenditure￿income and net m¢vom&nt in fund$ 116,2051 116,2051 82,349 Reconelllatlon of funds Total funds brought forward Total funds carried forward 941,462 941.462 859,113 925,257 925,257 941,462 The slaternent of financial activities includes all 98lns 9nd losses recognlsed in the year. All income and expenditure deriv¢ from Gonlinuing activrfcies. The nots8 on p?98$ 8 to 12 form part of these flnancial statements.

Mendlesham Educational Foundation Balance sheet 31 December 2020 2020 2D19 Note Fixed assets Investments 13 910,638 926.065 Current assets Cash at bank and in hand 15,309 15.397 Creditors.. Amounts falling due withln one year 14 1690) Net current assets 14,619 15,397 941.462 Total assets less current liabilities 925,257 Net assets 925,257 941.462 Fund$ of the charity Unrestricted funds 925,257 941,462 Total charity fund8 15 925,257 941,462 ese financi81 statèments were approved by the board of Irusleé$ and authorised for issue on 'Io .o.J..Ll and ar ned behalf of the board by.. Mr D Nunn (Chai Trustee The notes on pages 8 to 12 forni part of these financial statsments.

Mendlesham Educational Foundation Notes to the financial statements Year ended 31 December 2020 General infomiation The charity is M public benefit entty and a registered charity in England and Wales and is unincorporated. The address of the princtpal office is 2 The Old Orchard, Front Street, Mendlesham. Stowmarket, Suffolk, IP14 STY. statsrngrrt of ¢omplian¢g These financial statements have been prepared in complianc8 with FRS102. 'Thè Fin8nci81 Reporting Standard applicable in the UK and the Republic of Ireland,, the St8tement of Rècommended Practice. applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211. and the Charities Act 2011. The charity has applied Updated 8ulleh'n 1 85 published o>n February 2016. The charity conslilule5 8 public benefrt entity a5 defined by FRS 102. The financial statements have been prepared lo give a "true and faiff. view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent reqUI￿d to provide a 'lruè and fair view" This departure has involved following the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable in the UK and Republic of I￿land issued in October 2019 rather than the Accounting and Reporting by Charities.. Staternent of Recommended Practice from 1 April 2005 which has since been withdrawn. A￿OUnting poli¢igS Basis of prèparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of Certain financial assets and liabilities and investment properties measured at fair value through incorlle or expenditurè. The financial statements are prepared in sterling, which is the fvnciional currency of the entity. Going concern The finandal slalements have been prepared on a going concern basls as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level ()f income and expenditure for 12 monlhs from authorising these financial sl8lemenls. The budgeted inctsme and expenditure is sufficient with the level of reseNes for the charity to be able to continue 8S 8 goin9 concern. Trustèès havè takèn into account the impact of Covid-19 when assessing going concem. Fund accounting Unrèstrieted funds are maintained by the charity as a general fund which represents fvnds which ara èxpèndo¢J 81 the dis¢retion of the Trustees in furtherance of the objects of the Charity. Income All income is included in thè statèment of financial activities whèn entitlemènt has Passed lo the charity, it is probable that the economic benefits associated with the Iran58Ction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories ol incorne.. incorne Irom donations or grants is recognised when there is evidence of enlillemenl lo the gift, receipt is probable and ils amount can be measured reliably.

Mendlesham Educational Foundation Notes to the financial statements (contlnued) Year ended 31 December 2020 Accountlng polieie¥ (¢ontinuvd) Expenditure Expenditur8 is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which ¢8nnot be fully recovered, and is classified under headings of the statement of financial activities to which (( relates.. expenditure on charitable activities includes 811 costs incurred by a charity in undertaking activities that further its charitable aims for the bènefit of its benefiaaries, including those support costs aftd costs relating lo the governance of the ch8rity apportioned to charitable activities. All costs are allocated to expenditure categories reflecting the use of the resour¢e. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apprortioned be￿een the activities they contribute lo on a reasonable, justifiable and consisterrt bas￿$. Investments Unlisted equty inveslrnenls are initially recorded at Cost, and $ubsequenlly measured at fair value. If fair value cannot be reliably measured, assets 8r6 mè8sur8d 8t cost less impairment. Listed investments are measured at fair value with ch8ngès in fair value being recognised in income or expenditure. Financial instruments A financial asset or a finan¢i81 liability 18 recognised only when the entity becomes a paty lo the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or paable including 8ny related transaction costs, unless the arrangernent constitutes a financing transaction, wherè it is recognised al the present V8lue of the future payments discounted at a market rate Of interest for a similar debt instrument. Current Bssets and current liabilities are subsequently measured at the cash or othèr consider8tion expeeted to be paid or received and not discounted. Debt instrumènts ale $ubsequently measured at amortised cost. Donations and legacles Unrestricted Totsl Funds Unrestricted Total Funds Funds 2020 Funds 2019 Donations Donations 600 600 Grants Mid Suffolk District Council 5.000 5.fyjo 5,000 5,ChJO 600 600

Mendlesham Educational Foundation Notes to the financial statements (contsnue Year ended 31 December 2020 Charitable actlvities Unrestricted Totsl Fund8 Funds 2020 Unrestricted Total Funds Funds 2019 Rents re￿Ived 8,434 10,792 10,792 Investrnent in¢om¢ Unrestricted Total Funds Unrestricted Total Funds Funds 2020 Funds 2Q19 Investrnenl income 20,40Q 20,400 26,514 26,514 Expenditure on charitable activities Activities undertaken Total funds direGtIy 2020 Total fund 2019 Grants Support C05t5 Independent exarnination fees 32,455 5,717 1,380 32,455 5,717 1,380 39.552 20,800 12,708 690 39,552 33,998 Analysis of support costs 2020 2019 Clefk's s81ary School room expenditure InsuranGe expense Sundry costs 2,223 2,188 1,271 35 2,157 9,280 1,236 35 5,717 12,708 Net Ilossgsllgain5 on invesbnents Unrestricted Totsl Funds Unrestricted Total Funds Funds 2020 Funds 2019 Gainslllossesl on investrnents 110,4871 110,48n 78,441 78,441 10. Staff costs The average head count of employeès durlng the yearw8s Nil12019'. Nill. No employee received benefrts of mor& than £60,000 during the year {2019'. £Nill. Key managernent per¥onn•l Key management personnel include all personnel that havè the authority and responsibility for planning, directing and controlling the activities of the charity. Total con3ideiation paid to key management personnel for services provided lo the charity was £Nil12019." £Nill. 10

Mendlesham Educational Foundation Notes to the financial statements (e4)l¥tinueo) Year ended 31 December 2020 11. Trustee remuneration and expens9¥ No Trustee received remuneration in the current or prior year. directly or indirectly from the charty. No expenses were reimbursed lo the Trustees during the year12019". £Nill. 12. Tangible fixed assets The following freehold properties are owned which We￿ willed lo the Trust.. 37.448 acres of land Old School House. Mendlesham The Old School Room. Mèndlesham 13. Inv&¥trnents sted investrnents Cost or valuation At 1 January 2020 Additions Fair value movements Transfers 926.065 60 110,48n 15.000} 910,638 At 31 Decembar 2020 At 31 December 2019 926,065 All investments shown above are h61d at valuation. The fair value of listed securities is detemiined by reference to the quote¢J price for these assets in an active market at the balance sheet date. Inv&slmenls are shown at the fair value market rate. The current value as at April 2021 of listèd inve8tmenls held is £937,654. 14. Credltors: Amounts falling due within one year 2020 2019 Accruals and d8ferred incorne

Mendlesham Educational Foundation Notes to the financial statements {conUnuedJ Year ended 31 December 2020 15. Analysis of ¢haritsblg funds Unrestricted fvnds Gains and At 31 Dec Ilossesl 2020 At 1 Jan 2020 Income Expenditure General lunds 941,462 33.834 {39.5521 110,487) 925.257 Gains and At 31 De¢ 1105sesl 2019 At 1 Jan 2019 Incorne Expenditure General funds 859.113 37.906 {33.9981 78,441 941,462 16. Analysis of net assets betsveen funds Year ended 31 December 2020 Nel current assets Investments Total General funds 910.638 14.619 925,257 Year ended 310ecember 2019 Nel Current assets Investments Total General funds Q26,065 15,397 941,462 17. Related parties There WeTe no transactions with related parties during this or the prior year. 12-