2023-08-31-accounts - John Collings Educational Trust

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Objecti	ves and	Acti	viti	es
				SORP reference
Summary	ofthe purposes		of	Para 1.17	To hold the Trust Fund and its income to
the charity as set out		in its			advance education for the public benefit
ove min	document
Summary ofthe main activities in relation lo those				Para 1.17and 1.19	Reviewing the potential ofvarious candidates who require financial
purposes	for the public				assistance with their education and
benefit, in	particular,	the			assess in what way the trust can assist.
activities,	projects or	services			The Trust continues to have an
identified	in the accounts.				impressive record ofearly selection and
					assistance to youngsters who achieve
					good results in both academic and other
					fields. Also, to support other educational
					charities.
Statement	confirming			Para 1.18	The Trustees have considered the
whether the trustees		have			guidance issued by the Charity
had regard to the guidance					Commission on public benefit and
issued by	the Charity				believe that they have met the criteria.
Commission on public
benefit

Achiev	ements and Pe	rformance
		SORP reference
			Continuing	to review	the potential of
			candidates	and other educational
			charities and giving		financial assistance
Summary ofthe main achievements ofthe charity,		Para 1.20	to such deemed worthy; financially assisting two young people with their
identifying	the difference the		educational	fees, and donations to
charily's	work has made to		primary 8	secondary	schools and other
the circumstances of its			education	facilities,	in the UK and in
beneficiaries and any wider			Africa.
benefits to society as a
whole.

Finan	cial Review	cial Review	cial Review	cial Review
Review	ofthe charity's					Para 1.21	The Trustees consider that the financial
financial position			at	the end			position ofthe charity is relatively		strong.
ofthe	eriod
Statement		explaining		the		Para 1.22	Reserves	are held in as liquid form	as
policy for holding			reserves				possible	to allow immediate use by the
statin	wh	the	are	held			Trustees	when needed.
Amount	of	reserves		held		Para 1.22	Income is received from dividends.		The
							Trustees	hold cash reserves which	are
							sufficient	(once the dividends have	been
							received)	to meet the annual donations
							and grants. The only other regular
							outgoings	are legal fees (none this	year)
							and the inde endent examiner's fees.
Reasons for holding				zero		Para 1.22	N/A
reserves
Details	offund materially				in	Para 1.24	NIA
deficit
Explanation		ofany				Para 1.23	There are no current uncertainties		about
uncertainties		about the					the charity continuing.
charity	continuing		as a going
concern

The charity's principal sources offunds (including	Para 1.47
any fundraising)
Investment policy and objectives including any	Para 1.46
social investment policy
adopted
A description ofthe principal	Para 1.46
risks facing the charity
Other

Structure	, Governance	and Man	agement
Description	of charity's
trusts:
Type of governing document		Para 1.25	Will and Trust Deed
(trust deed,	ro al charterl
How is the charity		Para 1.25	Trust
constituted?
(e.g unincorporated
association,	CIOI
Trustee selection methods		Para 1.25	By appointment ofTrustees' resolution		in
including details ofany			a special meeting called for the purpose.
constitutional	provisions e.g.		In selecting persons to be appointed,	the
election to post or name of			Trustees shall take into account the
any person	or body entitled		benefits ofappointing a person (who
io appoint one or more			through residence, occupation,
trustees			employment or otherwise) has special
			knowledge ofthe area ofbenefit orwho
			is (otherwise) able by virtue oftheir
			personal or professional qualifications		to
			make a contribution to the pursuit ofthe
			objects or the management ofthe charity.
			There must be at least three Trustees.

Policies and procedures adopted for the induction	Policies and procedures adopted for the induction	Para 1.51
training oftrustees
The charity's structure and	organisational any wider	Para 1.51
network with	which the
charity works
Relationship	with any related	Para 1.51
parties
Other

ames	ofthe	charity trust	ees who mana	ge the charity
					Name ofperson (or body)
	Trustee	name	Office (ifany)	Dates acted ifnot forwhole year	entitled to appoint trustee (if
					an
1	Anthony	Herman	Trustee		Current Trustees
2	lan Gordon Soutar		Trustee		Current Trustees
3	Paul Reader		Trustee		Current Trustees
	Howard	Edgar	Trustee		Current Trustees
	Thomas
	Kevin Peter		Trustee		Current Trustees
	O'Riordan
6	William	Moore	Trustee		Current Trustees
7	Tristan	Price	Trustee	From 19July 2023	Current Trustees
8
9
10
11
12
13
14
15
16
17
18
19
20

Names an	d addresses ofadv	isers (Optional information)
Type of	Name	Address
adviser
Name of	chief executive or names ofsenior staff members		(Optional	information)

O	CHARITY COMMISSION FOR ENGLAND AND WALES	CHARITY COMMISSION FOR ENGLAND AND WALES	CHARITY COMMISSION FOR ENGLAND AND WALES		C"6"ty Name Receipts and payments Forthe period ":.. ' start date from 01-Se -22 To	C"6"ty Name Receipts and payments Forthe period ":.. ' start date from 01-Se -22 To	C"6"ty Name Receipts and payments Forthe period ":.. ' start date from 01-Se -22 To	C"6"ty Name Receipts and payments Forthe period ":.. ' start date from 01-Se -22 To	C"6"ty Name Receipts and payments Forthe period ":.. ' start date from 01-Se -22 To	C"6"ty Name Receipts and payments Forthe period ":.. ' start date from 01-Se -22 To	No i 'any) accounts date 31-Aug-23	No i 'any) accounts date 31-Aug-23	No i 'any) accounts date 31-Aug-23	CC~sa
	'
~			~ .	~	~.
					Unrestricted funds			Restricted funds		Endowment funds		Total	funds	Last year
					tothe nearest 8			to the nearest 6		to the nearest	6	to the nearest 6		to the nearest 6
A1 Receipts
Ihtowst
Dividends							39,686						39,686	38,686
Sub total		(Gross income for AR)					39,687						39,687	39,687
A2 Asset	and	investment sales,
(see table).
			Sub total
		r t	I 'pl	(		~3&.68
A3 Payments
Grants							18,278						18,278	33,193
Donations							10,337						10,337	41,593
Independent	examiners foes						690						690	660
Legal fees														2,152
			Sub total				29,305						29,305	77,598
A4 Asset	and	investment
purchases, (see table)
			Sub total
		Total paymertts					29,305		-		-		29,305	77,598
Net ofreceiptsl(payments)							10,382						10,382	37,911
A5 Transfers between			funds
A6 Cash funds		last year end					10,703						10,703	48.814
Cash funds this			year end				21,085						21,085	10,703

				~	~			~ ~	~	~ ~
							Unrestricted		Restricted		Endowment
	Categories		Details				funds			funds		funds
							to nearest 6		to	nearest 6	to	nearest 6
B1Cash	funds		Berry &Lambertc	LLP account				21,085
				Total	cash	funds		21,055
			(come balccccc with receipts cod			payments
					accovnl(c))
							Unrestricted		Restricted		Endowment
							funds			funds		funds
			Details				to nearest 6		to	nearest 6	to	nearest 6
B2Other	monetary assets
			Details				Fund asset	to which be(on	Cost (opt/onal)		Current value tlonal
B3Investment		assets	6000 Holmewood	House Properties		Lld	General	purposes
			Founder Scolcichlp 10p shares
			6460 Holmewood	House Properties		Lld	Genera(purposes
			21p Bond shares
			Details				Fund asset	to wh/oh helen	0 l l Cost (optional)		Current value o tlonal
B4Assets retained for the
charity's	own	use
							Fund	to which	Amount due		When due
			Details				gabist	relates	o local		o tlonal
B5Liabilities
Signed by one or two trustees on behalf ofall the trustees			Signature					Print	Name		Date of 8 royal
								Anthon	Herman