CHARifrf REGISTRATION NUMBER: 283361 The Manwood Trust Unaudited Financial Statements 31 August 2024 BURGESS HODGSON LLP Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT13DN The Manwood Trust Truste8s' Annual Report Year ènded 31 August 2024 The trustees present Ihwr rgport and the unaudited financial stateménts of tho charity for the year end8d 31 August 2024. Roference ¥nd admlnljtrathio detslls Roglst•r•d charlty name The Manwood Trust Charlty reglstrntlon number 283361 Prln¢lpal offlce Sir Roger Manwoods School Marwood Road SandwiGh CT13 9JX Tho trust• M$ R C Daniels M3 J Maine Mr J J Dlllon Mr L J Hunter Mr J C Griffilhs (Appointed 2 October 20231 (Reslgned 20 January 20251 (Appointed 2 October 20231 Independont •xamln•r Robert Field FCA CTA Camburgh Hou$e 27 New Dover Rood Canterbury Kent CT13DN The Manwood Trust Trustees. Annual Report (continu¢dJ Year ended 31 August 2024 ObJoctlv8s and actlvltles The object of the Charity 18 the advancement of education al Sir Roger Manwood's School based In Sandwch, Kent. The funds of the Charity can be applied as follows.. al the provision of m8inlenancelrep8irs lo the school building8, fixtures and fillings and equipment Ilndudir¥J vehicles) and any facility present al the School or subsequenuy lo be erect, the provision or exlension or maIntena￿e of playing fields and any recreational fac1li1￿S. bl the general encouragemenl of all educational pursuits by the students of the School by way of the provision of films, books. lectures, educational equipment. Sporting and recreational equipment and musical equipment includlng costs involved in attendlng extern818ducalion81 courses or vi$ils. cl financlal 888islance lo neceBSitous pupils of the school for the purposes of elothlng, books, loo18, instruments and equipment. dl any general cherltable object for th¢ benefit of pup'ls al the School. el the provl$ion of grants of to past and present pupils of the School to a881St them with further education. In settlng objects'ves 8nd plannlng for activities. the Trustee8 have glven due consideration lo general guidance published by the Charity Commlssion rel8t+ng lo public benefit, includlng Ihg guldance 'Public benefit,, running a eharlly IPB21'. Achlevoments Ind performanco The Manwood Trust reviews its financial resources and h¢)w to 8ppty to 118 choritablè objecllve in 8UPPOrting the Sir Roger Manwood's School an¢J its pupS1s. During the year the Charity undertook fundraislng to 8UPPOrt projects at the School Bpecifically regarding conversion works al an old boarding house lo a slxlh ftjrm building and the installation ol now sport8 surface. Flnanclal review The Trusloes have a feasonable expectation that the Charity has adequate resources lo conllnue in operational axislence for the foreSeea￿e future therefore the Trustees continue to adopt the going concern basis in preparing the financial slatemenls. The Trustees have ¢$lablished a policy whereby unreslrlcted reyerve5 of the Charity should be maintsined at a minimum level of £10,000. As al 31 August 2024 the unreslricled reserve8 81ood at £16,84712023.' £14,955) which 58 In line with this policy. The Manwood Trust Independent Examlnevs Report to the Trustees of The Manwood Trust Year ended 31 August 2024 I report lo the trustees on my examination of the financial statements of The Manwood Trust {Ihe ch8rily'l for the year ended 31 August 2024. Re8ponslbllltle$ and basls of report As the tru8tees of the charity you are responsible for the preparation of the financial 8lalements in accordance with the requirements of the Charities Act 2011 I'thè Act'}. I report In respect of my ex8mlnalion of the charlly's financial statements carried out undèr section 145 of the 2011 Act 8nd in ¢arrying out my examination I have followed 811 the applicable Direction8 given by th6 Charity Commission under section 145{5llbl of the Act. Indepgndent •xamlner's st•t•mont I have completed my ex8min81ion. I conflm thal ￿ mal¢rS81 matters have come to my attention in connection with th¢ ex8minallon giving me cause lo believe th81 in any malgrial rèspect.. accounting re¢ord8 were not kept In respect of th8 charity as required by $¢cbon 130 of the Act.. or the financial 5tstements do not oc¢ord with th08e records. ¢y tho financial 8talement8 do not comply with the applicable requirements concerning the form and conlenl of o¢counls 8el out In the Ch8ritie8 (Accounts and Reports) ReguLation8 2008 other than any requirement th81 the accounts give a 'lrue and fairf view which is not m8ller considered as part of an Independent gx8min8tion. I have no concerng and have come aGross no olher matters in con￿cli0n with Ihe examination lo whlch 8llenllon Should be drawn in thi5 raport in order to enable a proper und8r$landing of tho accounts to be rgached. Robert Field FCA CTA Independent Examiner Camburgh House 27 New Dover Road Carsterbury Kent CT1 3DN The Manwood Trust statement of Financial Posltlon 31 August 2024 2024 2023 Noi• Current •s¥ets Debtors Cash at bank and in hand 10 687 68,664 59,241 687 14.268 14.955 Credltors: amount6 falllng dug wlthln one year Trade creditors Accruals and deferred Income 3,434 1,500 4,934 54,307 Not curront a88ets 14.955 Total aM•ts l•ss curr•nt li•bllltle• 64,307 54.307 14,955 Not assets 14,955 Funds of tho charlty Reslricled funds Unroslricled fiJnds J7.460 16.847 14,955 14,955 Total charfty funds 11 54.307 Th88e flnanci818lal8menl8 were approved by the board of trustees and 8Uthorfsed for Issue on and arg Signed on b8half of the board by.. lon ruslee The nots8 on pago8 8 to 12 form part of th•se flnancial statèments. The Manwood Trust Notes to the Financial Ststements fcontinu¢d) Year ended 31 August 2024 Accountlng pollclgs (corflnv•dl Incomlng resourGe$ All incoming resouTces a￿ included in the slalemenl of financial activities when enlitbmenl has passed lo the charity,. it Is probable that the economic benefits associated with the Iransath'on will flow lo the charity and the amount can be reliably measured. The following specific PL)li¢ies aro applied to parb'cular categories of income.. income from donations OT grants IS fecognised when there is evidence of enlillement to the gift, receipt is probable and its amount can be measured reliably. legacy Income is recognlsed when Teceipl is probable and enlillemenl is eslabli8hed. income from donated gry)ds is measured at the fair value of the goods unle$¥ Ihls 18 Impractical lo measure reliably, in which c8se the v81ue18 derived from the cost to the donor or the eslimaled resale v81ue. Donated facilities and seryiG8s are recognised in the 8ccounl8 when received if the value can be reliably measu￿d. No amounts are included for the contribution of 9eneral volunteers. income from contracts for the suppty of servlce8 18 recogn188d wllh tho delivery of the conlracted seNice. This i¥ classified os unre8lricled funds unless there 18 8 contractu81 requirement for il lo be spenl on a particular purpose and returned if un5penl, in which ca8e 11 rnay be regarded as reslri¢led. Re8ourcw exp•nded Expendkure 18 recognlsed on an oG¢ruals b8818 88 a Ilability 18 Incurred. Expenditure includes any VAT which cannot be fully recovered, and 18 classified under headings of the 81alemenl of rinancial aclivS1188 lo which it relates.. expenditure on raising funds include8 the c0818 of all fundr8Ising activitie8, evenl8, non-charilable trading aclivilie8, and the 8a5e of donated goods. expendllure on challt8ble 8Ctivilios includes all costs Incurred by a charity In undertaking gclivilles that further ils charitable aims for the benefit of 118 benefi'ciaries. including those support costs gnd costs relating lo the govèrnance of the charity apportioned to charilable aclivilies. other expenditure Includes 011 expenditure that 18 neither related lo raising funds for the charity nor parl of ils expenditure on ¢harllable aclivi1168. I costs are allocated lo expenditure c8legories renecting the use ol the resource. Direct costs attributable lo a 8ingle activity are all(xaled directly to that aclivily. Shared costs are apportioned belween the activities they contribute lo on a reasonable, justifiable and consistent basis. The Manwood Trust Notes to th8 Financial Statements (continuedj Year ended 31 August 2024 Expenditure on charftsblo actlvlti88 by fund type Unrestricted Funds Reslricled Total Funds Funds 2024 Grant expenditure Support costs 4,607 1,500 227 1.500 6,334 6,107 227 Unr88tricled Funds Re8tdcted Totsl Funds Fund8 2023 Grant expenditure Support costs Exp8ndlturo on charftable actlvl11￿ by actlvlty typ uTraertaken directly Support costs Total funds 2024 Totsl fund 2023 Grant expenditure Governance cos15 4,834 4,834 1,500 1,500 4,834 1,500 8.334 Ind8pendent examlnatlon fee8 2024 2023 Fee8 payable to the Independent gxarniner for.. Independenl examin811on of the finan¢i818talemenls 1,SOO Staff costs The average head count of employeos durlng the year was Nil12023'. NIII. No eM￿Oyee recoived employee benefrts of more than £60,000 during the year (2023.. NIII. Trustee remunernllon and expenses During the year ended 31 August 2024 no Trustee recelved any remunerali)n or olhoT benefits 12023.. £nill. During the year ended 31 August 2024 no Trustee expenses have been Incurred (2023.. £nil). 11