Charity Commission Number: 292223
DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Financial statements for the year ended
31 March 2024

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
REGISTERED OFFICE..
Davenanl Foundation Sthool
Chester Road
Lougttton
Essex
IG10 2LD
BANKERS..
Lloyds plc
11 The Broadway
Loughton
Essex
IG10 3SW
INVESTMENT MANAGERS..
COIF Charity Funds
CCLA Investment Management Limiied
1 Angel Lane
London
EC4R 3AB
SOLICITORS..
Winckworth Shawood LLP
Minerva House
5 Monlague Cli)se
London
SE19BB
INDEPENDENT EXAMINER..
Hugh Swainson FCA
Buzzacott LLP
130 Wood Stre8t
London
EC2V 6DL
CHARITY REGISTRATION NUMBER..
292223

## **DAVENANT FOUNDATION SCHOOL THE REYNOLDS (SCHOOL PRIVATE) FUND** 

|**INDEX**|**Page**|
|---|---|
|Trustees’ report|2 – 6|
|Independent examiner’s report|7|
|Statement of financial activities|8 - 9|
|Balance sheet|10|
|Notes to the financial statements|11 - 21|



1 



DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Trustees, report for the year ended 31 March 2024
The Trustees present their report and the financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out on pages
1110 13 of the attached accounts and comply wrth the charity's trust deed, the Charities Act 2011 and
Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102).
Charitable status
The charity is registered with the Charity Commission under registration number 292223. 11 is governed
in accordance with the Rules adopted on 28 March 1985 and as amended on 5 December 1991. During
2008, the Rules were amended further to relieve charity of a requirement for statutory audit of rts
financial statements.
Publlc Benefit
The trustees have referred to Ihe g￿ldan￿ cont8ined in the Charity Comrnission's general guidan￿ on
public benefit when reviewing their aims and obje¢tives and in planning future activities.
Aims and objectlves
The principal actwity of the charity during the year continued to be the advancement of the educatlon of
pupils of the Davenant Foundation School and assistance in the provision of facilities for the education of
pupils at the School.
The charity consists of various funds..
l. The General Fund
This fund is used to provide resour￿8 not met from public fvnding. It derives its income from parental
contributions, which are encouraged on a committed basis.
2. The Arts, Fund
This fund is a restricted fund and is used exclusively for creative and expressive arts activities in the
School. It derives ils income primarily from tuition fees, performance charges and voluntary donations.
The fund is spent on peripatetic staff fees, performance expenses and the purchase of musical
instruments and equipment.
3. The Holding Fund
This fund holds income and expenditure in reswt of school activitles and t￿p$ {although most trips
are now run via the academy accounts). Any small surpluses or deficits are transferred trj a Hardship
Fund for the support of students in need. The Tennis Fund is also designated., trustees wish it to be
available for maintenance and developmenl of the tennis courts.
Prlnclpal policies to achleve objects
To encourage and increase regular committed arvj other giving by parents and frieTKls of the School.

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Trustees report for the year ended 31 March 2024 (Contd.)
Progress and achlevements
All funds have continued to operate throughout the period and in accordance with the Aims and
Objectives.
The Charity has supported many School activities, including..
From the General fund..
Grants to the academy to support the cost of wnning trips and activities
Minibus
Extra-curricular sports actFvities and transport., and
Duke of Edinburgh Award.
From the Arts, fund:
PeripatetlG music tuition; and
Maintenance and purchase of musical instruments.
Revlew of financial a¢￿vItIeS
General Unrestrlcted Fund3
The fund income for the year was £66,196 (2023 - £80,427). Parental (x)ntributions were £59,016,
compared with £73,102 in 2023.
The overall deficit for the year was £19,237. This cornpgred to a surplus of £13,885 for the previous year.
This was planned in the light of high reserves
The year end ￿serveS stand at £78,897 which comfortably covers one yearfs recurrent expenditure.
The Deslgnated Fund
The year end balance of£47,492 comprises various committed balances and the designated Tenn16 Fund
from which no expenditure was incurred. The purpose of this fund is to 'hold' funds for specific actwities
and any unspent funds for ongoing projects are earmarked and carried foNard to the next year.
The Arts, Fund
The fund income for the year was £103,706 {2023 - £96.687). The overall deficit for the year was £3,318.
This compared to a surplus of £9,825 for the previous year.
The year end reserves sland at £29,775.
Investment pollcy
The ¢harity's investment policy 1$ determined by the Trustees and is that surplus cash should be held in
readily accessible COIF deposit accounts that offer an aC￿pIable rate of interest.
Trustees report for the year ended 31 March 2024 (Contd.)

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Reserves pollcy
End of year surpluses afe added lo reserves until such time as the School requires financial support for a
project. Trustees decide upon the level of support, taking account of both the needs of the School and
the reseNes available. At the year end the trustees believe that the level of reserves carried forward is
sufficient for future needs.
At 31 March 2024, the charity held general funds of £78,897 (2023 - £98,134) and designated funds of
£47,492 12023 - £47,244). Restricted fund balances at 31 March 2024 amounted to £29,775 {2023
£33,093).
Grant4naking pollcy
The Charity is solely dedicaled to supporting the activities of the School, in accordance with its stated
aims.
Risk management
The Trustees have examined the major risks to which the charity is exposed and measures aro in pla
to manage those risks as appropriate.
Key risks that Ihe charity faces include..
Reduced income due to the effects of the current economic situab'on (parental donations, fund raising
events etc.). This is managed by holding a suitable level of resetves and limiting recurring
commitments on the Funds.
Ensurlng the music tuilion provision breaks even in the light of increasing costs. This ￿dget is
carefully monitored to ensure the provision remains viable.
Related party transa¢tlons
t)etails of related party transactions are given In note 17 to the financial statements.
Key managemont
The trustees compTlSe th8 key management personnel of the charity in Charge of directing and controlling,
running and operating the charty on a day to day basis. All trnstees give of their time freely and no trustee
received any remuneratioll in Ihe year. Details of trustee's expenses and remuneration a￿ disclosed in
notes 8 and g lo the accounts.
Appolntment of Trustees
Governors ol the Davenant Foundalion School are automatically appointed as Trustees of the Reynolds
(School Private) Fund, together with the Head Teacher. Deputy Head Teacher and Head of Performing
Arts. The day lo day management of the charity is delegated to the Head Teacher, Mr A Thorne, the
Héad of Performing Arts, Mrs R Tubb, and the Chief Financial Officer, Mrs J Beaumont.
All Governors undertake an induction programme on appointment to familiarise themselves with the
workings of the school and the charity. Further training is available from the Local Authority and the
National Govemors, Association. as required.

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Trustees report for the year ended 31 March 2024(Contd.)
Trustaes
The following Trustees have held office during the year:
Mrs A Allen
Mr G Anthony
Ms C Cantle
Mrs A Crombie
Rev. C Davies
Mrs O Fatoye {until 22 January 2024>
Mrs C Folkes
Mr J Goldsworthy
Mrs C H2nds
Mr M Hicks (until 6 Juty 20231
Ms D Lee (until 26 April 2023)
Mrs N Lee-Johnston
Mrs D Lake
Mrs D Nelson
Mr D Prosser
Mr H Smith
Mrs S Temple
Mr A Thorne
Mrs R Tubb
Foundation Governor
Foundation Governor
Foundation Governor
Foundation Governor
Foundation Governor
Staff Govemor
Foundation Govemor
Communty Governor
Community Governor
Foundation Governor
Parent Governor
Foundation Governor
Deputy Head Teacher
Parent Governor
Foundation Governor
Foundation Governor
Foundation Governor
Head Teacher
Head of Performing Arts
statement of Trustees, fSnanclal responslbilities
The Trustees are responsible for preparing the Trustees. report and the financial statements in
accordance wtth applicable law and United Kingdom Accounting Standards {United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to preparefinancial statements
for each financial year which give a true and fair view of the state of affairs of the charity and of the income
and expenditure of the charity for that period. In preparirvJ these financial statements, the Trustees are
required to:
select suitable accounting policps and apply them consistentty.,
observe the methods and principles in Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance wrth the
Financial Reporting Slandard applicable to the United Kingdom and Republic of Ireland IFRS 102),.
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subj-ect to any material
departures disclosed and explained in the financial statements., and
prepare the financial statements on the going concem basis unless it is inappropriate to pres￿￿ that
Ihe charity will continue in operation.
Trustees report for the year ended 31 March 2024{Contd.)

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
ststement of Trustees, flnancial responsibilities (¢ontinued>
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the financial
statements comply with the Charities Act 2011, applicable Charity (Financial Statemenls and Reports)
Regulations and the provisions of the charity's trust deed. They are also responsible for safeguarding the
assets ofthe charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Volunteers
The Governors woukl like to rècord their thanks lo parents and friends of the sthool who have continued
to support the school in many ways during the year.
Approved by the Trustees on .....
tee
stee

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Independent Examiner's Report to the Trustees of The Reynolds (School
Private) Fund
I report to the charity trustees on my examination of the accounts of the charrty for the year 31
March 2024.
Responslbllities and basls of report
As the Irustees of the Charity you are resrJ)nsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 ('the Act'}.
I rep)rt in reS￿t of my examination of the ch2rty's accounts carried out under section 145 of the 2011
Act and in carying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5)Ibl of the Act.
Independent examlner's statement
I have completed my examination. l Gonfirm that no material matters have come to my attention in
connection with my examinalion giving me cause to believe that in any material respect..
accounting records were not kepl in respect of the charity as required by section 130 of the Act.. or
Ihe accounts do not accord wth those records., or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities {Accounts and Reports} Regulations 2008 other than any
requirement Ihal Ihe accounts give a 'lrue and fair view, which is not a matter considered as part of
an independent examination.
I have no concerns and have come acro&8 no other matters in connection wrth the examination to whth
attention should be drawn in this report In order to enable a proper understanding of the accounts to be
reached.
Mazo
Hugh Swainson, FCA
for Buzzacott LLP
Chartered Accountants
130 Wood Street
London, EC2V 6DL
Date.. 17 July 2024

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
statement of financial activities for the year ended 31 March 2024
Unrgstrlcted funds
Total
funds
2024
Total
funds
2023
Restrlctsd Dg$ignat8d
funds
funds
General
funds
Notes
Income from:
Donations and legacies
Other Iradlng aclivilie8
ProdLtclion income
Bank deposit interest
Charitable activities
72S
20
12,344
60,928
61,673
12,344
13.652
5,186
1.770
123.123 123,720
78,923
21.702
13,652
5,186
82
89,330
33.711
Total income
103,707
46.076
66,196
215.978 226,115
Expenditure on:
Raising funds
Trading expenses
Production costs
Charitable activities
3,500
3,500
2,000
9,594
7,671
2.795
514
222.397 201,291
9,594
2,795
104,229
36,232
81,936
Total expendlturfr
107.024
45,826
85,436
238,286 211,476
Net Incomellexpendlture)
before transfers
13,3171
249
{19,2401 122,308)
14,639
Transfers tthen funds
Net movement In funds for the
year
13,3171
249
119,2401 122,3081
14,639
Reconclliation of funds:
Fund balances brought forward
at 1 April 2023
33.093
47,244
98.134
178,471 163,832
Fund balance5 carriod forward
at 31 March 2024
14
29.776
47,493
78.894
156,163 178,471
N¢Me of the ch8rity's actbvilies was acquired or discontinued during the above iwo financial years and Iherewer& no
re¢ognised gains tx l(6ses other than as shown above.
The notes on pages 1110 21 fomi part of these financial statements.

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Statement of financial activities for the year ended 31 March 2023
u￿r￿trIcted fund5
Total
funds
2023
Restrlcted Deslgnated
funds
funds
General
funds
Aloles
Incom8 from..
Donations and legscies
Other Ir8ding aclivilies
88nk deposit interest
Charitable 8clivities
136
1Q,231
520
11,471
78,267
78.923
21,702
1.770
123,720
1,770
390
86,320
37.010
rotsl income
96.687
49,001
80.427
226,115
Expendlture on:
Raising funds
Tr8ding expenses
Production ¢osts
Chanlablg activilies
iooo
7.671
514
201.291
7,671
514
86,348
50,401
64,542
Total expendlture
86.862
58,072
66,542
211,476
Net Yncome/(expendltura) before transfers
9.825
(9,OTq)
13,885
14,639
Trsnsffe￿ he￿9￿ funds
Netn￿vement In funds forthe year
9,825
(9.071)
13,885
14.639
Reconclllation of lunds..
Fundbalances bmughtft?nvard
st l Apnl 2022
23.268
56,315
84,249
163.832
Fund balancos carried forward
at 31 March 2023
14
33,093
47.244
98,134
178,471
None of the charity's activities was acquired or drdeonlinued during the above finon¢ial years and there were no
recognised gains or losses other than as shown above.
None of tho Ch￿l￿S xtivilies was acquired or discontinued during the above tsvo finana81 year8 and there wer8 no
recognised gains or losses clher than as shjwn above.
The notes on pages 11 to 21 form part ofthese financial statements.

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Balance sheet as at 31 March 2024
2024
2023
Notes
Current assets:
Stock
Debtors
Cash at bank and in hand
3,172
9,901
228,394
1,877
13,675
223.955
10
241,467
239,507
Llabllities:
Creditors.. amounts falling due within one year
11
{85,304) 161,036)
Net current assets
156.163
178,471
Total net assets
156,163
178,471
The funds of the Charity:
Restrlcted Income funds
Arts furKI
14
29,776
33,093
29,776
33,093
Unrestrlcted funds
Designated Fund
General Fund
14
14
47,493
78,894
47,244
98,134
Total funds
14 158.163
178,471
Approved by the Trustees and authorised for issue on
behalf.
and signed on their
ee
ee
The notes on pages 11 to 21 fom part of these financial statements.
10

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Notes to the financial statements for the year ended 31 March 2024
Accountlng policies
The principal accounting poli¢ies adopted, judgements and key S(￿rceS of estimation uncerlainty
in the preparation of the accounts are laid out below.
Basls of accounting
These accounts have been prepared for the year to 31 March 2024.
The a￿oUnts have been prepared under the historical cost convention with tiems
recognised at cost or transaction value unless otherwise stated in the relevant accounting
poIKies bek)w or the notes to these accounts.
The accounts have been prepared in accofdance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their
aGcounls in accordance with the Financial Reporting Slandard applicable in the United
Kingdom and Republic of Ireland (FRS 102) (Charities SORP FRS 1021 issued on 16 July
2014, the Financial Reporting Slandard applicabie in the UK and Republic of Ireland (FRS
102) and the Charities Act 2011.
The charfty constitutes a public benefrt entity as defined by FRS 102.
The accounts are presentsd in sterfing and are roLmded to the nearest pound.
b)
Critical accountlng estimates and areas of judgement
Preparation of the accounts requires the trustees to make SKJnffi¢ant iudgefflents and
estimates.
The items in the accounts where these judgemenls and eslimates have been made
include..
estimating the liabilty for murti-year granl commitments,. and
estimating the useful economic life of tangible fr%￿ assets,. and
The estimalion of future income and expenditure for the purposes of assessing going
concern (see below).
Assessment of golng ¢oncern
The tnjstees have assessed whether the use of the going concern assumption Is
appropriate in preparing these accounts. The tnjstees have made this assessment in
resFxt lo a period of one year from the date of approval ofthese accounts.
The trustees of ffte charity have concluded that there are no material uncgrtainlies related
to events or conditions that may cast significant doubt on the ability of the charity to
continue as a going concem. The trustees are of the opinion that the charity will have
sufficient resources to meet its Ilabilities as they fall due.

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Notes to the financial statements for the year ended 31 March 2024 (Contd.)
Aceounllng policies Icontd.)
d}
Income recognition
Income is recognised in the peric)d li which charity has entitlement to the income, it can
be measured reliably and it is probable that the income will be recebved. The following
specific policies apply to eategorles of income:
Income received from parents, covenants is accounted fcf on an accruals basis.
Donations and grants are accounted for on a receivable basis. Donations re￿IVed for
the general purposes of the charity are included as unrestricted funds. Donations for
activities restricted by thewishe8 of the donor aretaken to restricted funds where those
shes are legally binding on the Trustees.
Expenditure recognition
All expendrture is included on an accruals basis. The charity is not registered forVAT and
accordingly expenditure is shown gross of irrecoverable VAT.
Certain expenditure is directly attributable to specific actwities and has been included in
those cost categories. Vvhere costs cannot be directly attributed to spectfic activities, they
have been allocated to activities on a basis consistent with the use of the resources.
Fundraising and publicity expenditure comprises costs incurred by the fund in encouraging
financial contributior6 to its activities.
Grants are charged to the statement of financial activities when they are due for payment
or when the charity has committed to make future payments
Musical instruments are fully expended in the year of purchase.
G0veMan￿ costs are the costs assoclated with the governance arrangements of the
charty which relate to the general running of the charity as opposed to those ￿StS
associated with fUndra￿Ing or charitable activity.
Support costs. iicluding govemance costs. comprise costs of general management.
accounting and finance. Support costs are allocatsd as 65 % to charitable expendrture and
35 % lo costs of generating funds. being the estimated lime spent on each activity.
School trlps
Income and expenditure on School trips relates to lrips which have taken plac8 during the
financial year, where the income and expenditure have been finally determined. Where
trips are due to lake place in a future year. the expendilure relating to such trips has been
included in prepayments and the income in deferred income.
g)
Stock
stock comprises goods for resale and has been valued at the tower of cost and net
realisable value.
12

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS {SCHOOL PRIVATE) FUND
Notes to the financial statements for the year ended 31 March 2024 (Contd.)
Accountlng pollcies (Contd.)
h)
Debtors
Debtors are recognised at Iheir settlement amount, less any provision for non-
reo)veralxlity. Prepayments ar6 valued at the amount prepaid.
Provision is made for all Covenanted income ￿lch is considered to be irrecoverable.
Cash at bank and In hand
Cash at bank and in hand represents such accounts and instrumenls that are available on
demand or have a maturity of less than three months from the date of acquisition.
J)
Creditors and provlslons
Creditors and provisions are recognised when there is an obligation at the balance sheet
date as a result of a past evenl, it is probable that a transfer of economic benefit will be
required in settlement, and the amount of the settlemenl can be estimated reliably.
Credilors and provisions are recognssed at the amount the charity anticipates it will pay to
settle the debt.
k)
Fund accounting
Funds held by the charity are..
Unrestricted fijnds -
these are funds which can be used in aC￿rdar￿ wth the
charrty's 0￿.ecIs, at the discretion of the Board.
D8slgnated funds -
these are unrestricted funds set aside by the Board for particular
purposes.
Restricted funds-
these are funds that are subject to special conditions imF4)sed
by the donor, (K through the terms of an appeal.
Taxatlon
Tax refunds receivable on covenanted and Gift Aid donations are accounted for on an
accruals basis. The Fund is a registered charity and accordingly is exempt from taxation
on its incorne where it is applted for charitable purposes.
13

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Notes to the flnancial statements for the year ended 31 March 2024(Contd.)
Donatlons and legacles
Total
funds
2024
Restrlcted Deslgnated
funds
funds
Goneral
fund
Parental contributions (including
lax reliefj
Grants- Parents Asscciation
Donations and gffts
59,016
69.016
724
1,912
2,656
Totsl funds 2024
724
20
60,928
fj1,672
ReslnGled DeS￿n￿led
funds
funds
Gen@ral Total funds
fund
2023
P8renlal contril)ubons {￿lUdIng
tax r61ieO
GRnls- Parents ASS0￿￿110n
Donalions 8nd gifts
73.102
73.102
500
&321
136
20
5,165
Tolalfvnds 2023
136
520
78,267
78,923
Other tradlng activitles
Total
funds
2023
Restrlctgd Deslgnated
funds
funds
General
fund
Trading income
Production income
12.344
12.344
13.652
13,652
Totsl funds 2024
13.652
12.344
25,996
Rgslnc(ed Deslgnat8d
runds
funds
General Total funds
fvnd
2023
Trading incomg
PftDduct￿n inciwne
It,471
11,471
10,231
10,231
Total funds 2023
10.231
71,471
21,702
14

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Notes to the financial statements for the year ended 31 March 2024(Contd.)
Charitable actlvltles
Total
funds
2024
R•strlcted Deslgnated
funds
funds
Gengral
fund
Income from school trips and
other activities
TuItic￿ exam fees
700
88.630
33,711
82
34,493
88,630
Total funds 2024
89,330
33,711
82
123.123
Rest17cled Designated
funds
funds
General Tot21 funds
fund
2023
Income from scho(4 trips and
other activities
Tuition and 8x8m fees
37,010
390
37,400
86,320
86,32Q
Tol81 fundg 2023
8&320
37,010
390
123, T20
Expenditure on ralslng funds
Total
funds
2024
Restrlcted Deslgnated
funds
funds
General
lund
Saler￿$
Other
Trading èxpenses
Productions costs
3,500
3.500
9.594
9.S94
2,795
2.795
Total funds 2024
2,795
9,594
3,500
15.889
R88lricted Designated
funds
nds
General Total funds
fund
2023
Salariès
oth8r
Trdding expenses
Pr￿lucIN0nS wsls
3,5tXI
(1,50Q)
(1,500)
7, 671
5t4
7,671
514
Total funds 2023
514
7,67t
10,185
15

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Notes to the financial statements for the year ended 31 March 2024(Contd.)
Expenditure on charitable actlvltles
Total
funds
2024
Restrlcted Deslgnated
funds
funds
General
fund
School trips and other activities
Tuition and exam fees
Musical instruments, costs at)d
repairs
Gifts and donations
Contribution to school's projects
Salaries and administration costs
212
84.607
21,931
12,401
34544
84,607
424
7,418
6,211
672
117
55,249
14,169
7,535
64.232
31,055
2,772
16.214
Totsl funds 2024
104229
36,232
81.936
222,397
Restiycted Designaled
funds
funds
General Total funds
und
2023
School thps and olheractivities
Tuit￿n and exam Ye8S
muS￿al inslrumenls, costs and
r8pairs
Gifts and donath)ns
Contribut￿￿ to school's projects
S8181i6s and administration costs
16
74.599
33,119
It,655
44, 790
74.599
1,077
1.077
7.558
47,972
25.295
6. 762
9,862
658
796
38.110
13,981
10,656
Tol81 funds 2023
86.348
50,401
64.542
201.291
The charty do8s ncl have any employees. Solary costs reLpte to peripatetic mu8iC Staff and adminislratKJn
and ore recharged lo the charity by Davenant Foundation Schojl.
Salaries ?nd admini8tralion costs may be an8ty8ed as folk)ws'.
Total
fund$
2024
Rostricted Deslgnatod
funds
lunds
General
fund
Administration and Salary cost
Parent pay exp8nses
Sundry
Govem8nc8 costs (note 7)
13,800
1,613
151
650
8.326
22.126
2.285
1,601
5,043
672
1,450
4,393
16.214
672
14,169
31,055
16

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Notes to the financial statements for the year ended 31 March 2024(Contd.
Costs of chaiitsble actlvlties (continued)
RestiictQLI Designalod
fvnds
funds
Gen&r81 Total funds
fvnd
2023
Administration and salary Gost
Parenlpay 8xpenses
Sundry
GovemanGe Gosts (note 7)
8,800
1,326
31
7.228
16.028
1,983
2,568
4.716
658
2.537
4,216
10.656
658
13.981
25,295
Governance
Total
funds
2023
Restrlcted D8slgnatod
funds
funds
Genèral
fund
Independent examiner's fees
Trustee's indemnity insurance
650
2.002
2,391
2,652
2.391
4.393
5,043
Reslric18d Designated
funds
funds
General Total fvnds
fund
2023
Indep8ndent ex2minerfs f8es
Trustee's indemnity Insrjrance
1,830
2386
2,330
2,386
4,216
4,716
Stsff costs and romuneratlon of key management personnel
The charity employed no staff during the year (2023 - none}.
The key management personnel of the tharity in charge of directing and controlling the charity
comprise the trustees.
The total remuneration Ilncluding taxable benefits and employer's pension contributs'ons) of the
key management persollnel for the year was £nil {2023- £nil).
17

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Notes to the financial statements for the year ended 31 March 2024(Contd.)
Trustees
The Trustees re¢eived no remuneration during th8 year and no reimbursement for expenses
(2023- £nil)
During the year, the charity paid £2,391 (2023- £2,386) for Trustse's indemnty insurance.
10.
Debtors
2024
2023
Tax recoverable
Other debtors
Prepayments
7,074
1,117
1,710
9,752
1,526
2,397
9,901
13.675
11.
Creditors: amounts falllng due within one year
2024
2023
Advance receipts for trips and other activit￿S (note 12)
Other creditors and accruals
Deferred income (note 13}
29.466
17.936
37,902
12,417
16,825
31,794
85,304
61,036
12.
Advance recelpts for trips and other activltles
2023
Balance al 1 April 2023
Advance receipts received during the year
Released lo statement of financial activities
12A17
29,466
112A171
Balance al 31 March 2024
29.466
2023
Balance al 1 Apnl 2022
Advance rec8lPts r8C8ived during the ye6r
R8leased to stetement of financial 8ctivities
8,556
t2.417
(¢556)
Balance at 31 Ma￿h 2023
12,41T
18

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Notes to the financial statements for the year ended 31 March 2024(Contd.)
13.
t)eferred Income
2023
Balance al 1 April 2023
Advance receipts re￿iVed during the year
Released lo statement of financial athities
31,794
37,902
131,7941
Balance at 31 March 2024
37,902
2023
Balance al l Apnl 2021
R8c&ived during the year
R81&8sed lo slatemerpl of financi81 activitieÈ
40.118
31,794
{40. 118)
Balanc8 at 31 March 2023
31,794
14.
Funds
BalanGe
ai31
March
2024
Balance
at 1 Aprll
2023
Income Expenditure Transfer¥
Restrlcted Funds
Arts Fund
Total Restrictsd Funds
33,093
33.093
103.707
103,707
1107,024)
{107.0241
29.776
29,776
Designated Funds
Tennis Fund
Awards Fund
Parents Association
School Trips and Activities Fund
19,722
1,150
19,722
1.170
26.372
46,OS5
{45,8261
26.601
Total D8slgnated Funds
47,244
46,075
145,826)
47,493
General Fund
98,134
66,196
185.4361
78,894
Total Unrestricted Funds
145,378
112.271
1131,2621
126.387
Total Funds
178,471
215,978
{238,286)
156,163
The nature and purpose of each fund is explained in the Trustees, report.
19

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS (SCHOOL PRIVATE) FUND
Notes to the financial statements for the year ended 31 March 2024(Contd.)
14.
Funds Icontinuedl
Balanco
at31
March
2023
Balance at
1 Apnl
2022
InGorne ExP￿ditU
Transfers
Resfncled Funds
Arts Fund
Total R8slricted Funds
23,268
23,268
96,687
96,687
(86.862)
{86.862)
33,093
33.093
Designated Funds
Tenn￿ Fund
Awards Fund
Parents Associ8tk)n
schl￿ Trips and AC1r￿AlleS Fund
19, 722
1, 160
19, 722
t, 150
2Q
(30)
433
48,981
(58,042)
26,372
Total Designated Funds
56,315
49.001
{58,072)
47,244
General Fund
84.249
80,427
(66.542)
98. 134
Total Unresti7cled Funds
t40.￿4
129,428
124, 614)
145,378
Total Funds
163,832
226, 115
{211,476J
178,471
15.
Analys1$ of net assets between the funds
Restricted Deslgnat8d Unr8strlcted
funds
fund8
fund
2024
Totsl
Current assets
Current liabilities
61,417
131,6421
87,688
{40,1971
92,362
113,4651
241.487
(85,304>
At 31 March 2024
29,775
47,491
78,897
156,163
Reslric(8d Design8ted Unrestricted
funds
runds
fund
2023
Total
Current assets
Current liabilil
52,496
t9.403J
83,323
(36,079)
103,688
5,554)
239, 507
{61,036)
At 31 March 2023
33,093
47,244
98,134
178,471
20

DAVENANT FOUNDATION SCHOOL
THE REYNOLDS ISCHOOL PRIVATE) FUND
Notes to the financial statements for the year ended 31 March 2024{Contd.)
16.
Control
The charity is controlled by the Trustees.
17.
Related party transactionss
During the year, the Charity made grants and donations amounting to £64,23312023 - £47.971)
to Davenant Foundation School. During the year, the charity was recharged salary costs relating
to peripatetic music staff amounting to £83,583 {2023 - £74,225) and administration amounting
to £8,800 (2023 - £8,800). In addrt*)n, there are various payments, which although they are not
made directly to the school, are of ￿nefit to the school. for example coach transport costs.
21