Charlty regtstratlon number 297846 THE STOKENCHURCH EDUCATIONAL CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
THE STOKENCHURCH EDUCATIONAL CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA Palmer Cllr. Mrs C Baker Mrs J Powis Reverend M Ackford Mrs V Nuthall MrANunn (Apwntad 9 November 2023} IApwinted 13 M8rch 2025) Charity numb•r 297846 Prln¢ipal address L8wron House Wycombe Road Stokenchurch High Wcombg Bucks HP14 3RR Independont examlngr AzetsAudit Servfices Suites B & D Burnham Yard London End Beaconsfield Bucks HP9 2JH
THE STOKENCHURCH EDUCATIONAL CHARITY CONTENTS Page Tmtees, rep)rt IndepTrIent examiners report statement of financial xtivilies Balan sheet Notes to the finanal statements 6-13
THE STOKENCHURCH EDUCATIONAL CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their annual roport arbj finanaal slalem8nl$ for thg ygar 9TrJed 30 September 2024. The finanual statements have been prepared in 8ccordance %Mth the accounting pollcies set oth In note 1 to the financial statements and comply with the charity's goveinin9 document, the Charities Act 2011 a1 "Accounlir#J and Reporting by Charities.. Statement of Recommended Praclce applicable to charities preparlng their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191" Objectives and activttles The trustees shall 8pply the yeaY income of the Charity, after payment of all proper costs, eharg8s and expenses reL9ting to the administration and management of the Ch8rty. in one or more of the following ways.. 1. In promoting the education and training of persons under the age of 25 years reside in the Parish of Slokenchurch and in particular, bul without prejudice to the generality of the foregoing In providing for suth persons". al EXhi.110n$, bursaries. grants and maintenance allowances lo such persons Ytho are in need of financial assistsnce tenable al any school, university or other educalKMal estsNithment approved for the purpose ty th8 trustees. b) Financial assistance. outffts, cbthing, tools. instruments or books to a88i$I such persons to pursue their education linduding the study of music and other arts), lo undertake travel in furtherance thereof. and lo prepare and train for and enter a profession, trade occupation or seNice on leaving school, university or other edu¢alional establishment. 2. If and In so far 8s income Is not requlred In any year for appllcatlon in the manner aforesaid the same may be applied as the trustees think fil for any charitable purposes for the benefit of the inhabitants of Sttskenthuh. The trustees CCs1der that the charity has achieved its objectives durfn9 the year ended 30 September 2024. The trustees have paid due regard to guidance issued by the Chanty Commission in deciding at 8clivi1Ses the harity should undertake. Advgrtlslng During each academic year the Iruste8s plac8 notices in l(Kal Medi8 and public pl8Les in the Parish ot Slokenchurch inviting applications for grants from residents. Achlevements and pefftimiance Investment incom8 g8n8rat8d w85 £88,459 from which grants of £51,412 were paKJ in the year in 8ceordan¢e with the directions ot the Charity's scheme. After adminislralive and publicity $ts there 1$ a surplus for the year of £15,851. Profits tolaling £4,8e212023.' £5,186) were lerded on the sale of inveslmenls. The grant amounts for the academie year 2023124 of £51.412, 10 out in April and July 2024, were based on an income of £77,020 as reported in the 2022123 aOunt¥. Flnanclal revlew Reser¥e$ Pollcy The charity aims to invest ils capital prudently to provide income for 9rants and lo proted the Yiilial capital investment. It does not have a policy of holding cash in reserve. Unre5thded funds at the year end were £2,895.153. R18k Pollcy The trustees have assessed the major risks to which the tharily is exposed. arKI are satisfied that systems are in lace to mitigate expogjre to the major risks. The charity's funds are managed by professional lund managers and are invested in medium high risk investments.
THE STOKENCHURCH EDUCATIONAL CHARITY TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounts The accounts will be made available for public inspection at the annual parish audit. Structurn, governance and managoment The seheme for the operation of the Stok8nchurch Educational Charity, previously knovm as the Board School Slokenchurch, was approved by the Charity Commissioners for England and Wales on 16 July 1987 and 5 October 19gXI. The trustees. named below. have been appointed in accord8r¢ce wth the scheme, as follow5.' 1 ex-offiao Tru$l¢e, being the current vicar of Sl. Peter and Sl. Paul. Stokenchur¢h 3 nominative Trustees, two appointed by the Parish Coun¢ll of Stokenchurch and one by Bucks County Council, each of whem serves for fr years 2 ctroplative Tru5tee6, who through residence, occupation or employment, or otherwise, have SFecial knowledge ofthe parish of Slokenthur¢h, each of whom seNes for five years The Charity is op8rated in accordan wlh the sd)eme. The Charity owned land comprising approximately one acre, the sile of the fomer Board School in Slokenchurch. Th* was sold by the trustees in June 1988, realising £956,195 after costs of disposal. Tho trustees who s@rv8d during the year and up to the date of %gnature of the financial stalements were.. MrA Palmer Cllr. Mrs C Baker Mr D Davis Mrs J Pows Reverend M Ackford Mrs V Nuihall MrA Nunn IRgsign8d 13 March 2025} {Appointed 9 November 20231 {Appointed 13 March 20251 The trustees. r ort was approved by the Board of Trustee5. MrA Palmar Vice-chair of the Truslees Dated.. 24 April 2025
THE STOKENCHURCH EDUCATIONAL CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STOKENCHURCH EDUCATIONAL CHARITY I report to the trustees on my examination of ih8 finanaal slalements of The Slokenchurch Educational Charrty {the charty) for the yeai end8d 30 September 2024. R8sponslbllltlo$ and basis of report As the trustees of th& charty you are responsible for the preparation of the financial statements in acccldance with the requirements of the Chariti8s Act 2011 Ilhe 2011 Act). I repgrt in reswct of my examination of the charity's finanual statemenls carried out under s8dion 145 of the 2011 Act. In carying out my examination I have followed all the applicable Directions given by the Charity Commission Uer section 14515}(bl of the 2011 Act. Independent gxamlner $tstem•nt Your attention is drawn to the fact that the charity has prepared financial statements in ac£oidarte wf(h Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Repthing Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to tho A¢counting and Reporting by Charitses.. Statement of Remmended Practice i55ued on 1 April 2005 which is referred to in the extant regulations bul has now been withdravdn. l understand that this has been done in order for financial slalemgnts to provlde a true and fair view in accordance wlh Generally AceÈpted Accounting Practice effective foT reporting periods beginning on Of after 1 January 2015. I have completed my examination. I confirm that no matters have ¢ome lo my attention In ¢CneiC with the 8xamination giving me cause to believe that in any material resp8Ct.' accountiNJ records were not kept in respect of the charity as required by ¢tIOn 130 of the 2011 Act,. cf the financial statements do not aeeefd with those records.. or the financial slalements do not comply with the applicable requirements con¢eming the forni and conlenl of accounts sel out in the Chairties (Accoun15 and Reports) Regulations 2008 other than any requirement that the accosjnts give a true and fair view which is not a matter considered as part of an indeFndent examination. I have no concems and have come acros8 no other matters in conneetion wtth th8 examination to which attention should be drawn in this report in order lo enable a proper understsnding of the financial statements to be reached. Christopher Nisbet FCA 2elsAudit Services Suites B & D Burnham Yard London End Beaconsfield BuckirEhamshire HP9 2JH Unf(ed Kingdom Dated.. 24 April 2025
THE STOKENCHURCH EDUCATIONAL CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 unl1Cled Unrestricted funds funds deslgnated deslgnatsd 2024 2023 Investments 88.459 77,020 Raising funds 15.048 14,384 Charhable aclivilies 57,560 61,428 Total •xp8nditure 72.608 75.812 Net gainsll1058esl on investmonts 182.908 119,413 Not mov•m•nt in funds 198,759 120,621 Fund balances at 1 Odober 2023 2.696.394 2,575.774 Fund balances at 30 Septèmber 2024 2,895,153 2,696.395 The statement of finar41 aclwities includes all gains and losses recognised in the year. All income and expendilure derive from continuing actmttes.
THE STOKENCHURCH EDUCATIONAL CHARITY BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Notss Flx8d assets Investments Current assgts Debtors Cash at bank and in hand 10 2.556,316 2,382,512 11 4,635 339.989 3,468 317.808 344,624 321.276 CredStors: omounts falling duè wlihln one yaar 13 (5,787) 17,393) Net currènt assets 338,837 313,883 Totsl as8ets less current Ilabilltl•$ 2.895.153 2.696.395 Income funds Unrestricted funds 2.895,153 2,696,395 2,895,153 2,696.395 The financial st ements were approved by the Tru$lees on 24 April 2025 MrA Palmer Vlcelhalr of tho Trustees
THE STOKENCHURCH EDUCATIONAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting pollcles Charlty Infomiatlon The Stokenchurch EdLKalional Charity18 an unincorporated charmy. 1.1 Accountlng conv•ntlon The firbancial statements have teen prepared in accordance th the charty's governing document. the ChaTilies Acl 2011 and "Accounting and Reporting by Charities.. Slalem8nl ol Recommended Practi applicable lo carilies preparing I1r aecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 (effective 1 January 20191" The chartty 18 a P11¢ Ben&fit Enlty as defined by FRS 102. The tharity has taken advantagè of the provlsions in the SORP for charities applying FRS 102 UpdaÈ Bultetin 1 not to prepare a Slalemonl of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in thv&e financkgj stslements are iounded to the nearest £. The financial statements have been prepared under the histori¢al cost convention. The principal &counting policies adopted set out below. 1.2 Charltsble funds Unrestricted funds ore available fu use at the di$ets0n of the trustee$ in furtherance of their charitab obj-ectives. 1.3 Incoming rgsourc Income is recognised when the tharty is legally entitled to it after any performance eondrtions have been mel, the amounts can be measured reliably. and it is probable that income will be received. 1.4 Resour¢•s expended Liabilities ar8 recognised as eXpeliture as sogn as there is a18gal or constructive obligation committing the charity lo Ihal expenditure, it is probable that a transfer of economic benefits will be reguired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an oc¢ruals basis and has been classified under headings that aggregate all cost related to the category. Vvhere eosts cannot be directly ottribuled io partlculaf headings they have been alloced to activities on a basis consistent wlh the use of resources. Grants offered subject to conditions which have not been met at the year end date ale noted as a commitment but not accrued as expgndilure. 1.6 Flxed asset Investments Fixed Asset Investmenls are slated in the balance sheet al market value at the balance sheet date. 1.6 Golng concem Al the lime of approving the fin8n&al statements, the trustees have a reasonable expectation that the tharity has adequate resources lo conbnue in operats'onal existence for the foreseeable fulure. In making this assessment, the trustees have considered the impaets. and expected fulLtre impacts, of the Covid-19 pandemic on both the eharily and the environment in which it operates.Thus the trustees continue to adopt the going concern basis of atLountsng in pr8parirE the financial statements.
THE STOKENCHURCH EDUCATIONAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Investments Unrestrlcted funds deslgnated 2024 Total 2023 Dividends receNed Interest receivable 78,601 9,858 71,583 5,437 88,459 77,020 Ralslng funds Unrostrlcted funds deslgnated 2024 Total 2023 Investment management feeg 15,048 14,384 15,048 14,384
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THE STOKENCHURCH EDUCATIONAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support costs Support Govern&e costs costs 2024 2023 Independent examination fee Legal and profe55ional Postage and ststionery Meets'ng expenses SecTe1as honorarium 1,920 1,920 1.800 504 268 126 402 3,700 126 402 3.700 3,600 6,148 6,148 6.736 Analysed between Charitable advilie8 6,148 6,148 6,736 Trust99$ None of the trusle¢s {or any per¥ons conne¢ted tti them) received any remuneration or benefits from the charity during the year. Employ908 There wer8 no &mployee$ dunng the year. Net galnslllossesl on Investm•nts Unrnstrlcted funds dosignat 2024 Total 2023 Revaluation of inve$tmenl$ Gainllloss) on salè of inv8strn8nls 178.046 4.862 114,227 5,188 182,908 119.413 10-
THE STOKENCHURCH EDUCATIONAL CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Taxation The charity is exempt from lax on income and gains falling thIn section 505 of the Taxes Act 1988 or Sli0n 252 of the Taxab'on of Chargeable Gains Act 1992 to the extent that those are appligd to ils charitsble objeds. 10 Flxed asset Inveslments Listed Investments Market Value At 1 October 2023 Additions Valualitsn changes Disposals 2,382,512 46.066 178.045 150,32n At 30 September 2024 2,556,316 Canylng amount At 30 September 2024 2,556,316 At 30 September 2023 2.382.512 11 Debto 2024 2023 Amounts falling duo wlthln ono year: other d8btors 4,635 3,468 11
THE STOKENCHURCH EDUCATIONAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Cash at Bank 2024 Total funds 2023 Total funds Capital fund Income fund Lloyds- 1567504 Llo ds- 2469093 Charles Stanle 1900870 Charles Stanle 1900874 Charles Stanley- 1900871 Lloyds fixed term deposits 4,717 1,466 6,252 5,853 295,793 20,000 4,717 1,466 12,360 5,653 295,793 20,000 13.597 1,447 20,793 1.557 260,414 20,000 6,108 6.108 333,881 339,987 317,808 13 Creditors: amounts falllng due wlthin one yur 2024 2023 Accruals and deferred income 5,787 7,393 14 Analy61s of net assets botween funds Designated Doslgnatfjd funds funds 2024 2023 Fund balances al 30 Séptember 2024 are represented by-. Investments Current a5setsllliabilib.es} 2,556,316 2.382,512 338.836 313.883 2,895,1 S2 2,696,395 12-
THE STOKENCHURCH EDUCATIONAL CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2024 15 R•lated party tran$8¢tlons Transactions wlth related partles There were no disclosable relaled party transactions duriw the year {2023- £20001. Stokenthurch Educational Charity had earmarked a grant of £2.0(X) for Stokenchurch Cricket Club in 2023. Mrs M Shurrock MBE is the Honorary President of Slokenchurch Cricket Club. Mrs M Shurrock was the Chairperson until 12 January 2023. In 2024. the provision for this grant was reversèd as a result of the ondib.ons for the grant not b&ing met. 13-