REGISTERED CTrL4RITY.YU.MBER: 296368
Repon of the Trusiees and
Unaudil¢d Financial Sfaiements foi the Year Ended 31si August 7024
for
Sir Joseph Willionwn's chan￿ble TnLSI
Bcak Kcmmenoe
Cbarl¢r¢d Acroununts
1-3 Manor Road
Chatham
Kent
ME4 6AE

Sir Joseph Williatnson's Cbariuble TnLSt
Contents of the Financial Sts1ell￿nts
for ihe Year Ended 31st August 2024
Page
Reference and AdmiThistrdiive Detatls
Report ofthe TTuslees
Staten*nt of Trustees. Rtsponsibililies
Independent Examin&s Report
Siaiemeni of Financial A¢iiviiies
Balaw¢ Sh¢¢t
Notes to the Financial Stalclncnts
9 to 17

Sir Joseph Willia]nson's Ctwitable Tn￿1
R¢l¢ren¢¢ and Admim"Styaii￿e D¢tails
for the Year Ended 31si AugusT 2024
TRUSTEES
R J Race Chairn￿rt
l M¢Leod ￿ ic¢ Chairnpn
MWDodd
The Very Ei•'erend P Hesk¢th D¢aTh of Rochester Caiherdral
S Brivio
S Gurteen
G Halls (Jppointed l 3.5.20741
P Hamilion lappoinied 3.7.20?41
PRINCIPAL ADDRESS
l Ma)mard Place
Chatham
K¢ni
ME5 7HD
REGISTERED CHARITI.
YLNIBER
296368
II%DEPLYDE.%T E￿1￿11*ER
Beak Kcmmenoe
Chanered A¥countsms
1-3 Manvr Road
Chatharn
Kent
SOLICITORS
DGB Solicitors LLP
The Captaln's House
Central A%enue
Pembrok¢
Chatham Maritime
Kent
ME4 4UF
I￿￿'EsT}IENT ADN'ISERS
Ravenscroft
The Singing Men's Chanthrs
19 Min51er Prerincts
Peterborough
PEI IXX
Page I

Sir Joseph Willianwn's Charitable Tru
RerM)rt of the TnL￿eeS
for the Tr"ear Ended 3 1st All8￿ 2024
The Irusiees present their rqx)rt ￿'Ith the finan¢ial statements of the charity for the year ended 3151 August 2024. The
¢Nsiees have adopted the PrO￿lS1On5 of Accounnng and Reporting by Chariiies." Sta*m¢ni of Recommend¢d Pracrice
applicable io charities PTeparing their accowiis in a¢cordan¢e wqih rhe Financial Reponing Standaid applicable In ¢he
UK and Republic of Ireland {FRS 1021 leffeciive l January 20191.
OBJECTII'ES AND ACTIVITIES
Policie5 and objectilies
The i)bJ￿1$ ot'ihc Charitv are, for the benefit ofthe public..
to advance education Ihrou¥h ibe provision of a site in Rochesier for ihe school: and
¢0 advan¢e ¢d￿catIon through ￿rthering ihe cducaiion of beneficianes attending ihe School conducted on th¢
Charity'% property by ihe award of pri2es lor oiher suitsble rewyrdi: and
to advan¢e educaiion Ihrou8h 8ii'in8 BTants. bursarie4 or oiber paymwni$ 10 beneficiaries who are in need of
rinanLial a￿1*¢an&¢ lor io ediLcaiional insiiiuiiorLS aiiended by such bcnefiLiariesl". and in providing financial or
other assisianLe lo such benefiiiaries ¢0 a$5is¢ their eniry inio a profession. trad¢ or ¢allin8 or to enable them to
¢ravel Jbroad 10 pursu¢ ih¢ir ¢ducalion: a￿1
to provide and support ¢duLaiivnal. re¢reaiional or ancillary fxiliiies and service5 for the benefil of the
beDeficiari¢s and the inhabiianis of the area of benefil.
In s¢iiin¥ obj¢ciives and plarLnin8 fvr a¢tivitie¥ ihe Tnsi¥Ls ha%'e giv¢D du¢ ¢onsideraiiun to 8eneTal guidance published
by Ihl Chanij Commission relating 10 public bencfii. inLludLll& the 8uidarhce'Publii b¢n¢fii.' running a charity Ip1121'.
Iletlvlil*s undertik¢n to g¢hi¢v¢ objtclives
Th¢ TrusiL¥S ha￿e ioniinuLd iu suppurt the a¥liViiieS of the Sir Joseph Williauwn's Mathnttaiical School. RoLh¢sier
I'th¢ School") durin8 the year. This suppon inLluded contributions of £290.(￿l2023 . £61.5301 during the yeor.
Maln a¢tlvltleg und¢rt8k¢D to further tbe Chlrltv's purptsks for ihe publlc bentflt
Th¢ rnain purpose of the Charity is the ad¥onLcm¢ni of eduiaiion. In panicular ihc Chariry provide5 special bcncfils for
th¢ SL'h(x)I, whi¥h ar¢ kn addition 10 a[￿ beyond Ihc firtartcial suppon r¢¢eiied by th¢ k.hool frum eentral ¥ov¢rnmLnt.
The School is o boy5 grammar school based in Ro¢hesier. Keni. In 2019 the S¢hool joined Thc Lei8h Acidemie5 Trust
la Multi Acodemy Trusil.
The School is 8c¢essible Iwithout paytmni of fees) ¢0 any boy Miihin ihe Medm'ay Towns who passes the I I plus
exatTunation und for Sixth fomi $tudie$ 10 any ￿Y or sirl wryihin the edm'ay who a¢hieve$ a Sul￿b)e level of
a¢hi¢vemeni ai (tCSE.
The tacililie5 of the S¢hool Imat)y of w"hi¢h hav¢ been fiulded or partl). funded bv rhe C'harity). $u¢h a5 It5 hall. sports
hall. swimming pool. Pa￿lliOn and 5yntheiic hockey pii¢h are made ai.oilabl¢ by the School for hirt by the w'ider local
community.
The School has ¢ommuniiy1irths w'ith other sch￿[5 in the arc&.
The Chariry makes an annual donalion to R¢)¢h¢￿tr Grammar sch￿1.
ACHIEI'E%IE*iT.4%D PERFOR%IAYCE
Review of the actLVitie5
The r¢su]Is for the year are set out OTh pa8e 7.
The Charity's unrc5tri¢ted fund5 have a balance of £687.363 12023 - £773,960). The ChariW5 erthwTnent fuT￿$ have a
balan¢e of £7.522,15712023 £7.224.4241.
Total 8rant5 payable in the year ended 31 Augurt 2074 amoLmied to £290.?￿). compared to £61.750 in year ended 31
Au8usI 2023.
Page 2

Sir Joseph Williart%on's Chan"tsble Tn￿t
RepDrt of th¢ TtU51tts
for the Year Etmled 3 Isi Au￿1 2024
FIYAINCIAL REVIETh'
Going ¢oncern
After making appropriate enquirie5. the Trusttts hai'¢ a reasonable exFttlation ihat rhe Charity has &dequare resources
10 coniinu¢ in operational exisi¢nce for th¢ for¢se¢obl¢ funlre. For this ￿aSon. the) cot)iinue to adopt ihe going concern
ba515 Ln preparing the financial 51aleTnents.
Reserves poliev
Endowment fund
The cndowTrLnl fund con$i5ts of the capital accouni aTKI represents the pernwleni endowneni of the foundation.
Unrestricted funds
Th¢ unresirictLd fund consists of ihe i￿ome aJMI ¢xp¢nditure a¢¢owii, ￿thI¢h reprwnts (h¢ amounts available for
general purposes ai ihe discretion of the Tnjsttts. Surplus unrestricted fiJnds are irhvested ￿ achieve a remrn while
addiiional opporn]niiies io funhcr th¢ Ch8ri¢Y$ obje¢iii'¢s arc considered.
R¢vrve fund policy
ThL re%eTrLS of IhL Charity are the resources thai are ivailable 10 Spend on the Charitys objectives once all
commiimL'nis have bL*'n mei and planned expendÈiure co%ered. They do TKsi in¢lud¢ the endowTn¢ni funds a$ ihes¢ have
its bc rciainld In iheir entirely 10 ¥cniraie fulure incom¢ now$.
Th¢ Chariiy's primary obj¢¢iÈv¢ is 10 provid¢ special b¢n¢fits for the klh)ol ihai are rKTrt Th)rn¥1ly provided by Leniral
government. As a r¢suli. Ih¢re is nL)I nonnally any req￿iremen1 for the TTusiee% 10 3ccumulaie reserves and IhL TTUSIL'L5'
puliLy Ihai Ihey should noi fall ￿loW £?O,O(N). This WLII allow th¢ Charity 10 provide ¢onsisi¢ni fijnding for Ihe School
whilL allowing for variaiion in lh¢ Chariiys oih¢r inLome and exp¢ndiiure.
STRUCTL1RF.. GOVF.R.NANCE AND %1A.NAGE%lE￿T
Goi'ernlng do¢umtnt
Sir Joscph William50n'5 Charildble Trust is ¥overned by a Sche￿￿ of thc Iloard of Education dalLd 3 frebruary 191n as
am¢ndLd by SL'hLm¢$ of 26 Jun¢ 1912. 8 May 1915. 25 January 19?1. 5 No%emb¢r 1921. 10 Feb￿￿ry 1932 and 19
Trlbrudry 1998 4$ amcnded by Spe¢ial Resoluiions dated 14 November 2W5. 30 Marth 2011, 5 Now¢mbcr 2012 and 10
January 2023.
,Method5 of appoinimeni or elettlon of Truslets
Lpon th¢ o¢iurr¥n¥i of a trala￿y, th¢ Trusi¢¢s shall ¢ause a no* thereof io be eniered in their minute book ai their nexi
tne¢tin¥ and in Ihe case of a Nacancy in the olTILe of %onunated Tru51ce shall cause notice thereof to bc 8iveTh as soon as
pos$ibl¢ to th¢ prop¢r app)iniing Ix)dy. ADY ¢ump¢t¢ni Twsie¢ may be re-appointed.
OrgAnlsgtloDal structure and der151oD-m3klng pollcl¢s
The bod) of TruslLe5 shall fOttSL51 of S¢￿ell iomsxicnl p¢rsorts. Th¢ Trustees shall ask ¢a¢h of the folloMin8 bodies to
notrunatL one person (w'ho May be but doe5 nol have 10 be a rncttthr of the &p￿)inting body). to be a Tru$tLe of ihe
Chariry..
The Dean and Lhapler of Rochester Caihedral. in the County of Kem:
The Trustees for the time oftbe Richard Waits CtrÈan"ry,'
The Wardens atMI Assist3nts of the R(Khe5ter Brid8e. in the County of Kent..
Medway Coun¢il.' aNt
The Old Williatwnian Club.
Co-opi¢d Tn￿le¢s..
Not rnor¢ than three at the di5cr¢tion of the Tru5tc¢s.
The names of ihe Trusie¢s. who s¢ryed during ihe financial year. are shoMTr on page l.
A TTUStee5' Co￿￿￿1ttce has been formed which makes recommendaiions to the main body of TnL51ees and all decision5
are rattfied at ￿1{ meetings of the Trustees_
Page 3

Sii. Joseph 11-illkimioll i Chariiable Truil
Rewrt ol-the Truiiee
tor the l'ear End¢d i151 .4u.OUst 7074
s'rRLiC'TlIRF., GOI'F.RN'4NCF..AND 11.4j.4GF_IIE)iT
PDIiLSC$ gdopt¢d (or thc indLSetion And ¢r¥inino of Trusici
All Ttu*lLLi arc cncouragcd li) aLILrtd Irainirtg tnurses and icmin2r% i)n a rksulai basis. Ni14. ari 8iNcn full
dildili of Ihe Charity and ari ¥ftLourigL￿ ro aN¢Thd EKTrard ETKLiings re¥ularly ro w'id¥n t￿.1T undif5randing of thi wurk ol
L]ie Charity.
Rlsk mAnagemtnt
The Tiusiets hai"¢ assesS¢d Ihe nmjor >trdt¢gi¢, buiin¢si and operaihonal risks whiih the Charity mav faLe and reN'iew
risks on a reiwlar basis. The TrU￿eeS confirm tht s>"srtms have been established ro enable Tegular reports to be produ¢ed
o that neiesiary sr¢ps Lan be Idken lo mitl¥alv Ih¢s¢ ris￿..
Pl#n$ for future perlod$
Th¢ Chariiy ill Loniinu¢ lo pursu¢ its rnain aLIiSLlies as ouilbn¢d in pa¥e 2.
Apprui'ed by ord¢r ol'the board of (n]biees on............-......-........
. &nd sigmed on its. behalf by..
RJRace-Tru
tce
Pa¥e 4

Sir Joseph WillianLson's Charitable Tr￿st
Stsien￿nf ofTruMees' Re5POn5ibilities
for ihe Y¢ar Ended 3 1st Aug￿￿( 2024
The tr￿Stee5 are resw>nsible for preparing the Repon of ihe T￿￿*t$ and the finan¢ial Stste￿nts in a¢¢ordance with
applicable law and Dnited Kingdom Accounting SLqndards IbnÈEed Kingdom Generdlly Accq)¢ed Accounting PTacii¢el.
The law applicable ro charities in EnglaTKI atKI Wale5. the Charitie$ Act 2011. Chariry (Accounts and Reponsl
Regulations 2(H)8 and rhe proi'i5iOTLS of the trusi deed requiTes the trusiees io prepar¢ financial statemcnis for each
rinancial year which giv¢ a inLL' and fair Vie￿ of the stsie of affairs of the charity and of the in¢tsming Tesour¢es and
applicalion of resource& including the income and ¢xp¢ndiLur¢. of ihe chariry for thai period. In preparin8 those
rinan¢ial siai¢m¢nis. the Irusiees are required to
select siiiiable accountin¥ policies and ihen apply ¢hem ¢onsis*n¢ly,'
ub%erv¢ Ih¥ mLThthods and p￿t￿lPleS in the Chariiy SORP..
make judyeTnenlb ar￿ e%iimaie$ ihai are f¢asonabl¢ and prvdeni..
prepare ih¢ financial stalen￿nts on the 8OLn8 corKem basis unless it is inappropriaie io presume thai the Charity will
cuntinu¢ in business.
The Iru51ees are responsible for keeping proper a¢couniing re¢ords whi¢h disclose Mith reasonablc accuracy at any lime
lh¢ finanLial position of Ihe charity and ILI enable ihL'm Iv ¢nsure Ihai ih¢. flnancial stai¢mL'nis ¥oniply lh¢ Charities
ALI 2011. lh¥ Charity IA¢¢ounis and Rew>rtsl Regulations 2008 and the pro%'i5ions of the Ift￿¢ dL¥d. They ar¥ also
responsible for safe8uari5in¥ the &$seis of lh¢ ¢harily and heNe for iakn'ng reasonabl¢ sieps for the prevention and
dei¢¢iion of froud and oth¢r irregularitie5.
Page 5

Independent Examinerfs Repon io rhe Tr￿lee$ of
Sir Joseph Williamson's Charitsble Trnst
Ind¢pend¢nt examiner's re￿rt to ihe trusttts ofsir Joseph Willi8rn50n'5 Charitable Trust
I repon io the charity tru51ees on e.¥aminaiion of the accounts of Sir Joseph Williamson's Charitable Trusi (the Trust)
for the >'ear ended 315t August ?0?4.
Responsibilities #nd baSR5 of report
As the charl￿. trust¢e5 of ihe Trusi j'ou are responsible for the prepamion of the account5 in accordance with the
requirement5 of the Charities Act 2011 ('Ih¢ A¢t'l.
I repon in respect of my ¢K￿linaTIon of the Tnjsi's accounts carried oui under Section 145 of the Acl and in carrying out
my examinatLOrt I have followed all applicable DI￿¢110n5 given by the Charity CommL$5ion under Section 14515Mbl of
the Act.
Independent ¢xarniner'$ 5tatemenl
I hav¢ completed m). examination. l ¢onfinn th￿ no mawial matters have ¢ome to my atteniion in conn¢¢tion with the
examination giving me callse to believe thai in any M￿e￿al respe¢¢=
accounting records were not kept in resr¢ct of the Tn￿ as required by S¢¢iion 130 of the Aci.. or
Ihe accounis do noi accord with ¢hos¢ records.. or
the accounts do not compl). wilh ihe applicable requirements concerning ihe forni and conient of accounts set out
in the Chariiies (Accounls and Reponsl Re¥ulations 2008 oiher Ihan any requirement that the accounts give a
true and fair view which is not a matter considered as pan of an independent examination.
I have no concerns and have Come across no oiher mallers in ¢onne¢tion wilh ihe examinaiion io which atteniion should
be drawn in this report in order lo enable a proper understanding of the accounts ￿ be reach¢d.
Natalie Harrison FCA FCCA CTA TEP
Beak Kemrnenoe
Chartered Accountants
1.3 Manor Road
Chatham
Kent
ME46AE
I Ith November 2024
Page 6

Sir Joseph WilliatLwn's Charithble Tr￿￿1
Statement of FinatKial Activities
for I1￿ Year Ended 31st August 2024
20?4
Toial
fiJnd5
2023
Total
fijrtds
Uwesuicied
fund
Resin¢ted
fi￿d
EndowThent
Notes
IYCONIE AN'D
E￿D0%1,￿lE￿Ts FROM
Donaiions and ILgacics
Investmetlt income
208.489
208.489
223.277
Tolsl
208,489
?08,489
228.277
EXPENDITURE ON
Raising lund
3.892
25.634
29.526
29.497
Chxritable activitie5
321.042
83,031
Totil
3?4.934
25.634
350.568
112,5?8
Nei ¥ain¥lllossesl on
inveslmenis
29,848
3!3.367
353.215
1279.3061
NF.T
II%COM&IIF.XPF.YDITL KF.)
{86,5971
297.733
1163.5571
RF.CONCILIATIOP4 OF
Toial funds broughi forivard
773.960
7.224.424
7,998,384
8,161,941
TOTAI. FLIYDS CARRIFD
FORWARD
687.363
7.522.157
8,209.520
7,998,-184
The noies forTll part of these finatKial 5[aren￿Tr￿
Page 7

iT Jos¢ph Il's11iamson's Charilable TnLNt
Ba1￿ct Sheei
315t Au￿l>l 70?4
?024
Tot31
lund).
linrLSITiCted
lund
Resiriei
Endi)￿IllL.nt
rund
TOL41
Note.%
FIXF.D A%SF.TS
TanniblL a5iLts
Ini"estfflcnts
12
6.293
6.793
6,293
&H.480
4.iOi.864
4,948.344
3.21 ?.000
4.753,3?6
3.212,0Th)
Ini'estineni propcrty
14
644.480
7.522.157
8.166.637
7.971.619
CURRENT ASSETS
Debiors
Caih ui bdnk
3.594
44.110
3.594
44.110
2.407
30,751
47.704
47.704
33,158
CREDITORS
Amount% falling duc wiihin onc
year
16
14,8211
{4.8?1
16,3931
r*F.T CURRF.*iT ASSF.TS
42.883
4?.883
?6,765
TOTAL.4SSETS LESS
CURREYT LIABILITIES
687.363
7.522.157
8.209.520
7,998.384
T.4S8ETS
6x7,363
7,5?! 157
?09.570
7.998.184
UDreslri¢t¢d fiLnd5
Enduwineni lunds
687,363
7.522,157
773.960
7.2!4,414
TOTAI, FUNDS
8,209,520
7.998.384
The tirtancial staiLments were appn)vcd by thc Board of TTUStccs and authorised for LS5UC
. and were 5L8ned on its behaifby..
on
RJRa¥¢-
Sl¥¢
The noies fonn pan of ihese filyncial SL7temems
Pa8c 8

Str Joseph IVilliaTThson's Charirable TnLS1
Noies to the FiDancial Staiemenis
for the Year Ended 31st Allgust 2024
GENEIL4L INFORMATION
Sir Joseph WillranL8on's ChaTilable Trust I'ihe Charity'l is a chariry and is Ir￿OrpO￿ted it) England and Wale5
with the regisirnrton number 296368. Th¢ address of the rcgisiered oifice is showih on page l.
ACCOUNTI.Tr*G POLICIES
B15is of prep3rin% the fiA8n¢tal $titemtnis
Th¢ firtaniial siaiern¢nt5 of tht iharirv. ￿h1¢h is a public benefir eniiry under FRS 102. have been prepared in
accordance with the Charities SORP IFRS 10?) 'Accouniing and Reportin¥ by Charities.. Siaiem¢ni of
Reeomm¢nded Pracii¢e applicable io charilies preparirkg iheir accounts in accordanc¢ wilh the Fintsncial
R¢piirting Standard applicable in the L'K and Republjc of Ir¢land IFRS 10?) leffeci)N'e l January 20191,.
Financial Reportins Standard 10? Tk Financial R¢poning Stsndard applicable in ihe UK and Republic of
Ir¢land' and the Charities Aci ?01 l. The financial siaiernents hak¢ ￿¢￿ PTeparcd under the historical cost
conveThlion. with th¢ ¢x¢eption of invesinKnts which are inclwjed ai maTkei value.
The financial stalemenls have been prepared 10 give a ond fairf view
Crltlc#l 4tcountin8 judgernents and k¢> soyr¢es of estlm•¢lon ¥n<ert*lniy
In the appli¢aiion of th¥ Charity's arcour1¢in￿ policies. the T￿￿teeS are required 10 mak¢ jud¥¢m¢'iitS. Cslinules
and assumpiions aboul the caryin8 aThK>unts vf ass¢1> al￿ liabilLli¢S thai are not readily apparent froni oihkr
ourLes. The eslimatcs and ks$0¢i#t¢d as¥umpiiortb are based on hjslorical experience and oih¢r faiiors Ihai are
considered 10 be relevani. Aciual resulis may ditT¢r from thes¢ estin]a*$.
Th¥ esiim2t¢s and und¢rlyin¥ assumptiLins arc revie￿￿d on an on¥ohn8 basis. R¢¥isions io a¢Lountin¥ e51iinal¢s
are rec()￿ls¢d in the period in whiLh the ¢siimat¢ is revised If ihe revjsivn affclls only Ihal period. or in the
period of the r¢vision and future p¢riods if th¢ rc%'ision aff¢¢¢s both currcnl a￿j future periiyjs.
lrt prcparins the finan¢ial gatcff*nts the Tn￿1¢¢5 have made th¢ followin8 judserncnts..
The Trusiees have conc]￿led that Ihe fair valu¢ of the Charitys inv¢simeni propertie5 is equal lo the amount
disclosed in Ihc a¢counis.
Golng toneerD
The Trn%l¢t5 asses5 whether Ihe use of 8oin8 concern is appropriat¢ i.e. wheiher there are any rnalerial
uncertainiies related 10 e￿entS or conditions that may ¢ast significani doubt on the ability of the Charity 10
continue as a Boing ¢ottcem. The Trusiee5 make this assessment in respeci of a period of at least onc }'ear from
the datc of auihorisaiion for issue of the financial statemeni% and have concluded that The Charity has adequate
resources io ¢ontinu¢ In operotional ¢xis¢¢nce for Ihe forc5ecable fijture and Ihere are no material uncertainties
aboui Ihe Charity'5 ability lo coniinue as a 80ins concern. thus they ¢oniinue io adopt the going ron¢crn b&sis of
accounting in preparin8 Ihe fJnarKial sthi¢ments.
Intome
All income is r¢cognis¢d in ihe of FinaExial A¢tivitie5 Once tht charÈty has eniiilement 10 Ihe funds, il
is probable that Ihe Income will be receiN'ed and Ihe amount can be nrasured reliably.
Renial in¢ome is reCO￿l￿d on a straight line basis over the ienul period.
Expenditure
Expcnditure 15 recogni5ed once there is a le8al or consrruciiN¢ obligaiiot) io transfei economic benefit lo a third
pan).. 11 i5 Probable thai a transfer of economic benefits will be required in settlemeni and the amount of the
obligaiion can be measured reliably.
Expenditure on rai5in8 fimds includes expendiwre In¢wred by the Chan'ry to rai5c fvnds for ILS ¢h2rit2bl¢
purposes and includ¢s inv¢smieni mana8eTneni fees.
Page 9
continued...

Sir Joseph Williamson's Chan"tsble Trust
Notes to the Finwial Sra*ments- ¢ontinued
for the Year Ended 3 Isi AuguM 2024
ACCOUNTl%I C POLICIES- continued
Expenditure
Expenditure on chantable act1￿￿tieS is incurred on directly utKl¢rtaking the aciiviiies which fiuther the Charity's
objectives. as well ￿ any &wia*d suppon costs.
Grant5 payable are charged in the year wh¢n the offer is made except in those ¢ase$ where the offer is
conditional. such grants b¢ing recognised as expendityjre ￿then the condiiions attdchins are fiLlfill¢d. Cjrants
oITeied subJc¢i 10 condition$ which have noi been mei ai ihe year end ar¢ not¢d as a commitment. but noi
accrued as expendiDJre.
All expenditure is in¢lu5ive of irr¢cov¢Tabl¢ VAT_
Interest rtteivable
Iniere¥i on fund% held on deposil 15 included when reeeivable and the anN)uni ¢an b¢ measured reliably by the
Chariiy. this is nornally upon notifi¢aLion of th¢ ini¢re$i paid or payabl¢ by the ins¢ilulion wilh whom IhL. fijnds
are d¢posiied.
FlnAn¢l•l In$truments
FiKLd us%el investr￿n[S are 41 forni or rinancial insinLm¢ni and are injljally r¢Lognised ai ihcir transaction cost
and $ub¥¥qu¢nily m¢asur¢d ai fair valu¢ ai the Balance sheel d31e. unle55 ihe valuc cunnol be m¢asuT¢d r¢lia61y
in ￿h1¢h Lase li is m¢iisur&d ai cost less irnpairn)ent. Quoied mark¢i pri¢¢ is ¢onsid¢T¥.d fair value. InvcslmLnl
8ains and losyes. w'h¢iheT r¢'ali¥¢d or unrealised. are pres¢nied as 'GainOllossesl on inve51menLS' in the
Statement of finan¢ial a¥iiVItI¢b.
Other Ihan investments, the Ch8riry only has fiMnci#l a55ets and financial liabiliiies of a knnd rhat qualify as
basil fjnartiial instrumcrtls. Bas2i flnaniial insrrnrnenis ar¢ initially Te¢ognis¢d 81 trJnsa¢iion value and
5ub&Lquenily measuT¢d at their senl¥meni i'alu¢ with the ¢xrepiion of bank loans which ar¢ subsequenily
m¢Jbur¢d 01 omoniscd cosl u51n8 Ihe cffeciiie interc51 meihiyj.
Tinglble flxed g$seiJ
The L)ri¥inal frc¢hold land and PrO￿niC5. bein8 the sch￿1 laTrJ and buildu￿$, have been included ai a rtominal
value of £1. Subs¢qu¢nt addition$ are included at COM.
The Tn￿leeS have the opinion thai no deprecianon should be char8ed given the minimttl eawin8 value, the long
estirnai¢d use￿1 life and the large rc51dual value.
Dtbiors
Trade and other debtors are recogTrised ai the s¢ttlemeni amount after any trade discount offered. PrePa￿nen1$
are valued ai the amount Prepaid of any trade discounls due.
C*ih at bgnk And In han
Cash at bank and In hand includes cash and short-trnn hL8hly liquid ini'estmenis wth a short mhturity of three
monihs or less from th¢ date of a¢quisiiion OT opening of the dep051t OT sinular accounl.
Llabilltles and pro%'i$ionJ
Liabilities aT¢ r¢¢ogn15ed th¢re is an oblL8ation ai the Balance sheet dale as a resuli of a pasi event, it is
probable thal a transfer of economic benefli will be required s¢rtlem¢nt. aThJ the o¢Tr)un¢ of Ihe 5ettlemeni ean
be estimated reliabl>'.
Liabilities arc reco8ni5ed at the amount thai the Charity anticipates 1¢ will pay io sett]¢ thr debt or the amount it
has received as advanc¢d pajments for ihe goods or ser¥'ic¢5 li must Provide.
Pa￿ 10
eontinued...

Sir Joseph Williamson's Charitrble Trust
Notes to the Financial Statemenrs- eoniinued
for the Year Erthd 31si August 2024
ACCOUNTtYG POLICIES- tontinued
Liabilitie5 and proiisloni
ProN'ision5 are measured at the best t￿7Mate of the a[￿unts rcquired lo settle the obligation. Where the ¢ff¢ci of
(he time &alu¢ of money is material, th¢ provision is based on the preseni ialue olihose amounis. discounted ai
the pre-tax discount rdle that reflcrts the risks specific to the liabillry. The ￿n￿1ndIng of the discount is
reco8Thi5ed in the Starement of fir￿nCIal acti￿11e5 as a finance cosi.
Fund actounting
EndobNThenl funds Tepresent the £5.(KK) bequeathed from Sir Joseph I￿.11118[TLWn in IL1$ lasi wll and lestamcnl in
1701 for buildin8 and carying on and perpetual rnaiThiaining of a trcc sch￿1 ai Rochesier. These ¢apital funds
have be¢n invesied in propeny and listed ini'estments at)d cannni be spent. The gains and losse$ on the sale or
rei'aluaiion of these invesiTnents are credi*d or thar8ed to erMtoWryT￿TrL funds along wilh the costs of maintaining
lh¢ share FM)nfolio.
General fi]nds are unresiricied funds which are available for use at the diKr¢iion of Tnjstees in fiJrthttan¢e or
th¢ gcneral obJ¢¢iiv¢$ of the Chariiy and which have not brt￿ de$igll4i*d for other purw)s¢s Thi% includes the
invesimenl incotne releived from the endowryneni funds. Accurnulaied unr¢siricied funds hav¢ b¢¢n invested
whilL Oppor￿￿711&5 fvr furth¢rJng lh¢ Lharii} s ubJi*livcs arc LOti5idcr￿. Inve¥imcnl inLL)mc. ¥3ins and10sSe5 arc
alluLated to the approprialc fund.
DOYATiof*S AND I.EGACIES
2024
2023
Donations
5,000
lTrIVEST￿lETr4T CO%IE
2024
2023
Reni
Income frorn listed inVest￿￿nIS
Bank in1¢re￿ receivable
46.479
161,329
681
49.R42
17J,154
281
?08,489
223,277
Pagell
coniinued...

Sir Joseph willia￿￿￿.5 CharL"tsble Tr￿81
Notes to the FiTw￿l31 Statements- continued
for the Year Ended 315r Au8usi 2024
IL41SJNC FLryDS
Raising donations and k%8ties
2024
2023
Invesimeni managemen¢ fees
29.526
29,497
CHARITABLE ACTIN'ITIES COSTS
Grdnl
fijnding of
a¢tivitie5
(see noi¢
Direct
Costs Is¢e
ntsie 71
SUp￿)rt
cosls Is¥Y
note 91
Totals
Charitable activities
21.586
?90.2(KJ
9.256
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
InsuranL¢
PTOP¢Try repairs
PTufLS5ional tCLS
Commisbion¥ payabl¢
3.391
5.036
9.400
3.759
2.R77
1,010
3.120
4.325
21.586
11.332
GRANTS PAYABLE
2024
2023
GTanis paid lo Sir Joseph WilliatfLwn's Mathemaiical School
Grants paid 10 Ro¢hester fjTamm8r School
290.000
200
61,550
21>0
290.200
61.750
The grants paid to Sir Joseph Williamson's Maihemaiical School include £21X).IKK) for the Tennis atxi Netball
Project wilh the remaining £90.(XK) being the Schth)I's amiual grant.
Pa8e 12
continued...

Sir Joseph willia￿l￿On'5 Charitable TnLSt
Note5 lo the Financial Sth*ments- contirjued
for the Year Etmled 3 Isi August 2024
SUPPORT COSTS
2024
2023
Sundry expenses
Clerk's fees
Independeni examinels fees
103
5.313
3.840
25
5.250
4,674
9.256
9.949
The inde￿nd￿nI euminews f¥YS represeni the anwts payable for the preparalioTh of the a¢¢ounts and
perforning an indepeTLdent eKanunation.
10,
TRUSTEES. RE￿IL￿ERATIoN AYD BENEFITS
Thcr¢ w¢r¢ no tnLslets' remun¢rnlion or oth¢r benefits for the y¢ar ended 3 Isl 2024 nor for the year
eThlcd J Isi Augu￿ 2023.
Truiiee$' expenses
Th¢ri were no uwiee$' expenses paid for th¢ year ended 31si Augu$1 2024 for the year ¢nd¢d
3 1st Au¥ust 2023.
co￿[Pl￿RATIVEs FOR THE STATEIIE%TOF FIN.4%CIAL Acfii'iTIES
LnrL¥iri¥ied
RL'sirhiicd
Endownertt
fijnd
Total
funds
IP*COIIE A.YD EYDOM'IIEYTS FROM
Donations and legaiies
5,0(KJ
lrtvesimertt income
223.277
223,277
Tolil
228277
228,277
ExPE￿.DITURE O
Rai5in8 fund5
3.855
25.642
29,497
Charli4ble *¢d￿lIeS
Charitable a¢iivLIi¢S
83.031
83.031
Total
86.886
25.642
112.528
Net gains (losses} on invesrrn¢ni$
125,257)
(254.049}
{279.3061
IET IP4COMI EIIEXPEINDITLREI
116.134
{279,6911
1163,5571
RECONCILL4TION OF FLNDS
Total funds broughi foThvard
657.826
7.504.115
8,161.941
Page 13
conisnued...

Sir Joseph Williamson's Chan"thble Tnj
Noits ro th¢ Fina￿1a1 Srat¢m¢nts- coniinued
for the Year Ended 3 IM AugLW 2024
COI¥qPARATIVES FOR THE STATEIIENT OF FINAYCIAL Acfi%'iTIES- ¢olltSnued
Unresiricied
Resrricted
EndoMTneni
fund
Total
fwids
fvnd
TOTAL FL'NDS CARRIED FORW'ARD
773.9fA)
7,224.424
7.998.384
12.
TANGIBLE FIXED ASSETS
Freehold
property
Ai l %1 Sepiember 2023 and
3 Isi Aygusi 2024
6,293
I'ET BOOK N'ALUE
AI 31 si Au8usI 2024
6.293
Ai 3151 Augu$1 2073
6,?93
The original fr¢ehold properties are Iniluded ai £ l and Ctsmprise ihe school land and buildings. which are held in
fvrth¢rani¢ of lh¢ Charity's objeclives. Subsequ¢nl addiiions ar¢ in¥lud¢d at ¢osi.
13.
FIXED,tSSET INVESTIIENTS
Cash
awaiiin
investmcni
Listed
in%"¢stm¢nts
To¢als
IARKET I'IlLb'E
Ai I 51 Scpicmbcr 2023
Addition>
Dispu¥al$
Revaluation
Wiihdrawn in excess of income
4.660.382
1.205.883
11.371.660)
353.215
92.944
11.205,8831
1.371.660
4,753.326
353.215
1158,1971
1158,1971
At 3 1st August 2024
4.847,820
100.524
4,948,344
NET BOOK I"ALUE
Ai 31$1 August 2024
4.847.820
11)0.524
4.948.344
Ai 3 1st August 2023
4.660.382
92.944
4.753,326
Page 14
continued...

Sir Joseph WilliatThson's Charitable Tnlst
Notts to the Fin3ncial Staiernents- continued
for the Year Ended 31st August 2024
INVESTMENT PROPERTY
FAIR VALLE
Ai I si Sepi¢mb¢r 2023
and 3 1st August 2024
3.212.0(M)
ET BOOK I'AI.UE
Ai 3 1st Augusi 2024
3.212.000
AI 315t August 2023
3.212.000
The Charitls inv¢sim¢nt propcny ponfolio was revalued as ai 30 June ?0? I by BaK Thomas French Ltd. The
T￿￿tte$ have incorpoTaied this valuation inio ihe finarKial staleTh￿nts and b¢li¢v¢ Ihai Ihe values incliidcd
continu¢ ro be reasonable.
Thc ori¥inal Lost of Ihe freehold in%'estm¢ni prop¢rti¢s was £29.104, with an x¢umulaied revaluation surplus lo
31 August 2024 of £3,182.896.
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN O%E YEAR
2024
2023
Trade debiurs
Oth¢r d¥bivrs and PT¢payTri¢nis
2,407
1,187
2,407
3,594
2.407
10.
CREDITORS.. AIIObNi TS FALLIYG DLE M'ITHIY O%E YEAR
2024
2023
A¢cruals ond deferred income
4,891
6,393
17.
MON'ENIENT Ili FUYDS
Ncl
movement
in fund5
At
31.8.24
At 1.9.23
Unrestrleted fuDds
General
773.960
186,5971
687.363
Endow'mtnt funds
Pernianent endowTnent fun
7224,424
297,733
7,522,157
TOTAL FL Tr4DS
7.998.384
211.136
8.209.520
Pag¢ 15
Continued...

Sir Joseph WillianLS011'S Charr"tsble Tr￿st
Note$ 10 the Financial Sthiem¢nts- continued
for ihe Year Ended 3 1st August 2024
17.
MOI'EMEYT JP* FUYDS- ¢otstinued
Net tnovenKni in funds. included in the abol'e Are as follows..
Incorning
Resow¢e$
expended
Ciains and
losses
Movement
in funds
Unre5trlcttd funds
CJ¢nLral fvnd
208.489
1324.9341
29.848
186.5971
Endo*meni fund$
Pirnunenl end0￿Tnen[ fiMLds
125.6341
323.367
297.733
TOTAL FL TriDS
208.489
1350,5681
353,215
CompAratSve$ for movtmenl In funds
Nel
nM)vemeni
irt funds
Ai
31.8.23
At 1.9.22
Unr¢$trl¢ttd fynd5
G¢n¢ral tund
657,826
116.134
773.960
Endo*ment lunds
PL￿￿nLnt LndowThcnt funds
7J04.115
1279.6911
7,224.424
TOTAL FL Tr4DS
8.161.941
1163.5571
7.998.384
Comparative net nKJ%'emeni in fund& included in the ab)ve are as follo￿..
Incomin8
resource5
Resources
expended
Gains and
losses
Movemeni
in funds
Unre51rlcted fuDd5
G¢n¢ral fund
228.277
186,8861
{25.257)
16.134
End0￿ment funds
Pem)atten¢ elldowm¢nt
125,6411
1254,(H9)
(279,6911
TOTAL FL,NDS
228,277
1112.5281
{279.3061
(163.5571
Page 16
contiThued...

Sir Jokpb Willia[￿$0n'S Charitable TnLSt
Notes io the FiTthncial S¢aretTKnts- continued
for the Year Ended 3 Isi August 2024
17.
MOVEMENT FUINTIS- ¢oniinutd
A ¢UTrent year 12 month$ alld prior yeat 12 months combined positioTh is as follovs..
Net
movement
in fimds
At
31.8.24
At 1.9.22
Lfnrestrlct¢d funds
General fund
657.826
29.537
687,363
End0￿ment fund5
Pemuneni ¢ndowm¢ni thnds
7.504.115
18.047
7.522.157
TOTAL FLTNDS
8.161.941
47.579
8,?09,520
A ¢urrent year l ? months and prior y¢ar l ? rrnnihs Combined nei nKkwemeni in fijnds, included in ihe above are
as fullL)WS'.
Imoming
resources
ResouKes
expcrwkd
Gains and
losses
Movement
in funds
Unrestrlcttd fundj
G¢n¢r41 fund
436.766
1411.R201
4.591
29,537
Endo*nKni fund$
Plrrnaninl cnd()W1nini ￿rtd5
(51.2761
69.318
18.042
TOTAL FLIYDS
436.766
1463.0961
73.909
47.579
RELATED PARTI. DISCLOSURES
The Charity has not eniered inio any rela*d pthy tt8nsactson durin8 the y¢ar. nor are there any outstanding
balartccs owing ￿￿¥¢¢Th ￿lated partie5 and tlK Charity ai 31 August 2024.
Page 17