THE POOLE GRAMMAR SCHOOL TRUST FUND REGISTERED CHARITY N UMBER: 306310 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
E POOLE GRA REGISTE ARSC OL TRUST FUND MBER 306310 ADMINI IVE IN ATtON Principal Address Poole Grammar School Gravel Hill Poole DOrt BH17 9JU Indepèndent Examiner Esme Shakeshaft Moore1South) LLP 33 The ClarÈndon Centre Sallsbury Business Park Dalry Meadow Lane Salisbury Wilt5hlre SPI 2TJ
THE POOLE GRAMMAR SCHOOL TRUST FUND REGISTE NUMBER 306310 ACCOUNTS FOR THE YEAR ENDED 31" AUGUST 2024 INDEX Page 3- 6 Annual Report Statement ofTte responslbllltles Independent Examlnerfs Report 9 - 10 Consolldated Statement of Financial Artivities li Consolidated balan sheet 12- 15 Note to the accounts
THE POOLE GMMMAR SCHOOL TFIUST FUND REGISTERED CHARITY NUMBER 306310 cou ENDED 31" UG 24 Trustees report The Trustees present their report and accounts of the charity for the year ended 31st August 2024. The accounts have been prepared in accordan with the accounting policie5 set out In note I to the acujunts and COTnply with Ihe thariV5 Deed of TtU5t. the Charitie5 Art 2011. the Statement of Recommendeil Practice- Accounting and Reporting by Charities preparing their accourtts in accordance wlth the Flnanclal Reporting Standard applic3ble In the UK and Republlc of Ireland IFRS 102)leffectlve l January 201914Charltles SOFiPIFRS1021) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102J. Strurture, Governance and Management The Poole Grammar School Trust Fund is registered WFth the Charity Commissioners (Number 3063101 and constltuted by Deed of TrusL The Charity is administered by a Managernent Committee, comprisrng as at 31 August 2024 A J Smith (Resigned 31108/20241 Chair & Trustee N William5 Tw5tee P Taylor (Resigned 3VIV2023) Twstee M Hamisie (Resigned 3V12/20231 Trustee S Kelly Trustee R Broad (Appointed OII0112024} Trustee H Harris (Appointed ovoin0241 Trustee T Hall (Appointed OI/Oln0241 Trustee K Etherldge (Appolnted 0110912024} Trustee Headteather Poole Old Grammarians Association Poole Old Grammarians A550ciation Parents Staff Association Parents Staff Association Parents Staff Association Parents Staff A550ciation Poole Old Grammarians Association Headteather The Charity has the following professional athisers: Lloyds TSB PIC 153 Commercial Road Parkstone Poole Dorset BH14 OJJ Bankers HSBC PIC 165-167 High Street Poole Dorset BH15 IAU Bankers Preston Redman Hinton Hou Hlnton Road Bournemouth BHI 2EN Solicitor5
THE POOLE GRAMMAR SCHOOL TRUST FUND REGISTERED CHARITY NUMBER 306310 ACCOUNTS FOR TrIE YEAR ENDED 31-AUGUST 2024 Redmayne Bentley ia9 Commercial Road Poole Dorset BH14JD Stock Broke[5 Esrne Shakeshaft Moore (South) LLP 33 The aarendon Centre Salisbury Business Park Dalry Meadow Lane Salisbury Wiltshire SPI 2TJ Independent Examiner Management Commlttee The Management Committee shall consist of the Headteacher (Chairman} with the addition of not more than eight persons of whom four shall be nominated by the Poole Old Grammariang Association and the remaining four shall be nominated by the Poole Grammar School Parents Siaff Assorjation. Each member of the Management Committee shall hold offio for such period as may be dÈterniined by the Assoclatlon nominatlng suth member. Trustees Any person shall be eli8lble as a Trustee but In appointlng Trustees preferen shall be glven to members of elther the Poole Old Grammarlans, Assodatlon or the Poole Grammar School Parents. and Staff Assodatlon and to masters or former maStS of Poole Grammar School. Provided that no appointment or removal shall cause the number of tfU5tees to exceed five or be less than two and (so far a5 practlcablel there shall be equality in nuTnbers between Trustee5 representing PoolE Old Grammarians Association and the Poole Grammar School Parents Staff Association. Ihe general management and the control of the Charity for the purpose of carrying out the charitable educational trusts shall be vested in the Management Committee. The trustees are glven tralnlng if requested and attend relevant courses and semina15 as 3pproprtate to their role within the Charity.
THE POOLE GRAMMAR SCHOOL TRUST FUND REGISTERED CHARITY NUMBER 306310 Accou[5 FOR THE YEAR ENDED 31" AUGUST 2024 Objectives and activitles Its objects are: "The promotion of Charitable Educational Trusts for the benefit of POOLE GRAMMAR SCHOOL in the County of Dorsey, Connected Organlsatlons As IndIted above. the Trust provides funding and support to Poole Grammar School in the provision of educational facilities and attivities. Flnandal Review and Achievements Durfng the last year. the Trust has continued to provide some finanaal support to Poole Grdmmar and its pupil5, Fundraising artivitie5 were increased resultlng In an improvement on the revenue generated in the previou5 year. This Impatted on the funds thatwere 8enerated E31,086.84 (2023: E24,534.141. There wa5 a contribufion rnade to the school magazine for the Current year totalllng £3,150.01 {2023: £3,497.96). There was an increase in expenditure at E26.364.1512023 £11,939.56.) This was predominantly purchases made by the PSA for the school induding the hall blinds and also scholarship paentS from two trusts. The net movement together with gain on investments of £8,757.26, {2023: loss £12,773.32) was added to funds brought forward of £143,318.81 to end the year wFth furK15 carrylng forward of £156,798.76. The Trust has several fvnds within whKth it operates. and these are consohdated within the finanual statement5 and are 5ummarised in the consolidated accounts (see note 6}. The actfvities of these varlous funds and sectlon5 of the Trust durlng the year are as follows. Old Grammarians Fund- Old Boys whowtsh to make payment under the Gift Aid Scheme (firectly to the School Trust Fund. Old Grammarlans who glve In thls are exempt from paying thelr 5ubscriptlon to the Old Grammarians Assoclatlon. These funds are prim4rSly used to pay for the cost of the Sthool Magazine. Amenltles Fund- Tax paylng parents used to pay the School sUbslpt1on into this account under the Gift Aid Scheme so that tax could be recovered on those payments. Thls is now done stralght to the school as the school is able to claim the GrftAid dlrect from HMRQ The P?rent Staff Assodatlon- raise funds for the School and make donations to the School for equipment etc. as requested by the School. Murray Peter5 Fund Igifts and1aCy}-takIng note of the wishes of the donors, theTrustees have kept thls glft separate from the other funds of the Trust so that Its income may be used specifically to support and encourage educatlonal travel andlor adventurous physical activity which hw4e a clear educational benefiL Sidneystickley Fund-{le8acy) taking Ilote of the wishes of the le8ato theTrustees have kept thls legacy separate from the other funds of the Trust so that its income may be used spedfically tosupport and encourage Oxbridge pupils.
THE POOLE GRAMMAR SCHOOL TRUST FUND REGISTERED CHARITYNUMBER 306310 ACCOUNTS FOR THE YEAR ENDED 31" UGUST 2024 The Capitsl Fund 15 used as a holdlng account for monles rece1v prlor to the Trustees resolving how these nds ale to be dealt with so as to accord with the wishes of the donor 50 far as is possible withln the term5 of the Trust Deed. Investment PoM¢y The Charit¢s investment policy 15 generally not to allow Interest and dividend5 from investments to accumulate but to use them in fulfilllng the Charity's objectives. Income Is credited to the approprlate fund. Reserves Pollcy and Golng Concern The Trust builds up reserves by an accumulation of operatlng surpluses and through Judicious mana8ement of investments. This enables the Trust to pursue Its ch3rltable objectives. At the year end, there were sufflclent surpluses to fund Its foreseeable operatlonal 2Ctlvltles and commitments. Prrn¢ipal Rjsks and Uncertalntles The prlndpal rlsk of the Trust IS the 5UStaTnability of donallons and fundralslng actTrvitie5. The Trust keeps activities under review, maintaining an active proEramme of events to ensure that a realistic source of income can be generated. 5t also monitors risks assoaated wlth theTrust's activltles and ensures pioceilures are in pla to mitigate any loss of income and reputatlon to the Tru5L Public Beneflt The Trustees acknowledge the duty to have due regard to the Charlty Commisslon's published general and relevant sub-sector guidan on public benefit. Plans for Future Perfods The Trustees wlll continue to work closely with Poole Gramrnar Schod and provide 5UPPOrt as needed with the Sch¢)ol's development plan and curriculum. Key Management Remuneration Pollcy The Trustees are regarded as the key managementof the charity- They did not receive remuneratlon or benellts in kind. Mr5 K Etherldge Dated: 10 December 2024
THE POO GRAMMA OOL TRUST FUND RE61STERED CHARITY NUMBER 306310 Accouwfs FOR THE YEAR ENDED 31SY AUGUST 2024 Responsibilities of the Trustees The Trustees are re5pon5ible for preparlng the Trusteg annual Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practi) and appllcable laws and regulation& The law applicable to Charities requlres the Trustees to prepare accounts fDr each finarla1 year whith glve a true and falrview of the state of affalrs of the charity and of the incoming resource5 and application of resources ofthe charityforthat year. In preparing the accounts. theTrustees are required to: select suitable accounting policies and then apply them consistently: observe the methods and prlnciples in the a)aritie5 SORP 2019 {FRS 102): make judgements and estlmates that are reasonable and prudent; State whether appllthble UK Accounting Standards have been followed, subjert to any rnaterial departures dtsclosed and explalned in the financial statements; and prepare the accounts on the going concern basis unless it 15 inappropriate to presume that the charity wlll continue In operation. The Trustees are responsible for keeping proper accoufttinE records that disdose with reasonable accuracy at any tlme the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011. the Charity {Accounts and Reports) Regulation5 28 and the provislons of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taklng reasonable steps for the preventlon and detection of fraud and other irreEulariti&s. Approved by the trustees and 5i8ned on behalf of the trustees by Mr5 K Etheridge- Dated: 10 December 2024
THE POOLE GRAMMAR SCHOOL TRUST FUND ACCOUNTS FOR THE YEAR ENDED 31"AUGUST 2024 DEPENOENT EXAMINER'S REPORTTO THE TRUSTEES OF THE POOLE GRAMMAR SCHOOL UST FUND I report to the trustee5 on my examlnation of the accounts of The Poole Giammar Sthool Trust Fund (the Trust) for the year ended 31 August 2024. which a set out in page5 9 to 15. Responsibilities and basis of report As the charity trustees of the Trust you are responslble for the preparation of the 3(rDunts in accordan wlth the requirements of the Charities Act 2011 {"the ACV,). I report in respect of my examination of the Trusvs acccmjnts carried out under 5edion 145 of the 2011 Act and In carrylng out my examination I have followed all the applicable Directions given by the Charity Commission under soction 14515)Ib) of the Act. Independent Examlnerfs ststemEnt I have completed my examination. I confimi that no material matters have come to my attention in conneciion with tho examination givi me cause to belleve that in any material respert: (i) accounting records were not kept In respect of the Trust as requlred by section 130 of the Act- or 12) the accounts do not accord wlth those recor(Is' or 13) the accounts do not comply wlth the applicable r4uirements concerning the form and content of accounts set out in the Charltles {Accounts and Reports) Regulations 2008 other than any iequirement that the accounts give a"tNe and fair vlew. whidi Is not a matter constdered as part of the independent examinatlon I have no concerns and have come across no other matteTS in tonnertion with the examination to whlch attentlon should be drdwn in thts report in order to enable a proper understanding of the accounts to be reached. Esme Shakeshaft MooTe {South) LLP Chartered Actountants 33 The Uarendon Centre Sallsbury Business Park Dalry h4eadow Lane Sallsbury Wiltshlre SPI 2TJ Date:
THE POOLE GRA HOOL T FUND RE ISTEREO CHARITY NUMBER 306310 CONSOLIDATED FINANCIAL STATEMENT OF NCIAL AcnviTIES riJR THE YEAR ENDED 31-AUGUST 2024 2024 2023 INCOME Donatlons and legacies Donations Gift Aid Donatlons Tax refunds Unrestrlcted Unrestrirted 3.040.fXI 3.887.78 3,040. 3,887.78 Charitable Artlvities -Fund Raislng Activities 23,998.95 14.317.28 Investment Income Dividends Received (Net) Bank Interest 3,528.14 519.75 4,047.89 6,225.22 71.86 6,297.08 Other 32.00 TOTAL INCOME 31.086.84 24,534.14 EXPENDITURE Charltable Activitles Direct ACtItY To Poole Grammar School: Amenities/Old Grammarians Fund EquipmenVResources School Magazine 19,077.34 3.150.01 3,249.17 3.497.96 Leavers & Other Functions Scholarships Subscription5 & Licen$ 692.(Ki 20.00 22.939.35 650.00 20.00 7,417.13 Support costs Olher mislIaneOuS Expenditure Sundry Administration Governan costs- Independent examiner's Fee5 168.47 3,256.33 1,753.93 2,768.50 3,424.80 4,522.43 Total Charitable Activities 26,364.15 11,939.56 NET INCOME/(EXPENDITURE) FOR THE YEAR BEFORE INVESTMENT GAINSAND LOSSES Net g3inslllossesl on Investments INCOMEI{EXPENDrruREI AND NETMOVEMENT RECONCIUATION OF FUNDS Fund balance as at I September 2023 4.722.69 12.594.58 8,757.26 13,479.95 112.773.32 {178.741 143,318.81 143.497.55 FUND BALANCE A5 AT 31- AUGUST2024 156.798.76 143.318.81
THE POOLE G114MMAR SCHOOL TRUST FUND REGISTERED CHARITY NUMBER 306310 CONSOLIDATED STATEMEN[ OF FINANCIALSTATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 315fAUGUST 2024 Comparative year informatlon for the year ended 31 AuEUSt 20 2023 2022 INCOME Donation5 and leBades Donations Glft Aid Donatlons Tax refunds Uniestrfcted UnTe5tricted 3,887.78 3.286.16 3,887.78 3,286.16 Charitable Activities-Fund RaisirE Activitles 14317.28 9,010.51 Investment Income Dividends ReiVed (Net) Bank Interest 6,225.22 716 6.297.08 6,346.43 0.16 6.346.59 Other 32.00 52.00 TOTAL INCOME 24,534.14 18 695.26 EXPENDfwRE Charitable Actlvltles Direct Activlty To Poole GraTnmar School: Amenltles/Old Grammarians Fund EquipmenVResour 5th001 Magazine 3.249.17 3.497.96 5,498.00 364.84 1.400.00 20.00 7.282.84 Leavers & Other Functlons Scholarships Subscriptions & LInceS 650.(KI 20.00 7,417.13 Support Costs Other MiSlIaneOuS Expendlture Sundry Administration Governance costs~ Indeper¥Jent examinerf5 Fees 1,753.93 2.768.50 2.728.91 4,522.43 Total Charitable Actlvltles 11.939.56 10,011.75 NET INCOME/{EXPENDTfuRE) FOR THE YEAR BEFORE INVESTMENT GAINS AND LOSSES Net galns/llossesl on Investments NEf INCOME/{EXPENDITUREI AND NET MOVEMENT RECONCILIATION OF FUNDS Fund balan as at I September 2022 12.S94.58 8.683.51 112,773.32) (178.74) 17.052.87 1.630.64 143.497.55 141,866.91 FUND BALANCE AS AT 31- AUGUST 2023 143.318.81 143,497.55 10
THE POOLEGRAMMARSCHOOL TRUSTFUND REGisfERED CHARITY NUMBER 306310 CONSQUDATED BALANCE SHE FOR THE YEAR ENDED 31"AUGUSt2024 2024 2023 FD ASSErs Investments (Note 4) 115,415.17 97,484.68 CURREf+rr ASSErs Bank and Stodc Broker Accounts (Note 5) 41,383.59 41,383.59 4534.13 45 834.13 Nèt Curr¢ Assets 41,383.59 45.834.13 156,798.76 143.318.81 FUNDS OF THE CHARITY Old Grammari3ns Amenities Parents Staff A550Ciation Murray-Peter5 Scholarship Sidney Stickley Scholarship 17,523.48 30.44 24,720.56 46,409.28 68,115.00 17,127.23 30.44 22,186.35 42,108.58 61.866.11 Total Charity Funds 156.798.76 143,318.81 The Accounts set out on pages 9-15 and the Annual ftort were approved by the Poole GrnMar school Trust Fund Management Comrnittee on 10 DeCber 2024 and are stgned on their behalf by: li
THE POOLE GRAMMAR SCHOOL TRUST FUND REGISTE ED ITY NUMBER 306310 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31-AUGUST 2024 Accountlng pollcies A summary of the principal actountlng poficies adopted Iwhich have been applied consistentlyp eXp1 where noted}fft judgements and keysources of esilmation uncertainty. is set out boli)w. The charity is unincorporated and the address of the windple office Is glven on Page l of these tlnanclal statements. The nature of the charivs operation5 and winciple activities are explalned In the Trustees Report. Basls of preparation The accounts (finanaal staternents) have been prepared on a recapts and payments basls, In accordan with the Statement of Recommended Pract1. Accounting and ReportlnE by Charities preparing their aounts in accordan w(th the Financlal Reportlng Standard awlicable tn the UK and Republlc of Irel3TJd (FRS 102Xeffective l January 2019)-(Charlties SORP{FRS1021>, the financial Reportin8 Standard applicable in the United Kingdom and RÈpublic of Ireland {FRS 102) and the Charities Act 2011. The Tnjst has several funds wlthln whlch It operates and these are con501idated within the financial Statements Isee note 6). The trust constltutes a public benefit entlty as defjned bv FR5 102. The financial statements are prepared on a golng concern basis under the hlstorical cost convention. The fln2nci31 statements are prepared Tn $terfl whlch is the fvn(iK)nal currency of the tharity, and are rounded to the nearest £1. Goln8 Concern The Trustees, assess whett*r the use Il going Cfmcem is appropriate, 1.0 whether theFe are any materlal uncertalnties related to events or conditions that may cast significant doubt on the ablltty of the charity to continue as a going concern. The Tru5tees' make this assessment in respect ol period of one year from the date of appioval of the financial statements. The Trustee5' conclude that there are no material uncertainties about the charity's ability to continue and accordlth the financial statements are prepared on a going concern b35i5. Income All incoming resour5 are induded In the Statement of Financial Actlvities (SoFA} when the charity in legallv entitled to the income after any performan conditlons have bepm meL the amount can be measured reliably and it ts probable that the income will be received. EKpendlture Expen(fiture in respect of tharitable actlvliies Is calculated to Include all the expenses incurred directly in providing school actlvlties. EXpendIr@ In respect of other costs encompasses those expense5 which are not directly lor the purposes of charitable activities. Expenditure is reco8nised as soon a5 there is a le8al or constructlve obllgatlon commlttlng the tharity ta that expendlture, It Is probable that settlement will be required and the amount of the obllgation can be measured rellably. All expendllwe Is accounted for on an accruals basis. 12
THE PCIOLE MAR SCHOOL TRUST FUND RE5rEflED CHARrrY NUMBER 306310 NOTES TO THE ACCOU FOR THE YEAR ENDED 31" AUGUST 2024 Taxatlon As a reglstered ch3rityThe Poole Grarnmar SchoolTrust Fund 15 exempt from taxation of Income and gains within section 505 of the Taxe5 Act 1988 or section 256 of the Charities Gains Act 1992 to the extent that these are applied to Its charitable objectives. No tax charge has arisen In the year. Fund Accounting The nature and purpose of each fund 15 explained in note 6. Unrestricted funds are available to use at the discretion of the Trustees In the furtherance of the objectlves of the Charity, Investments Investments are measured at fair value thrDugh profft or loss. Judgements and key souros of estlmatlon uncertainty In the applicatlon of the charitable companls accounting polictes, the Trustees are requlred to make judgements, estlmate5 and assumption5 about the carryinE amount of assets and liabilities that are not readily apparent from other Sources. The estimates and associated assumptlons are based on hlstarlcal experience and other factors that are cDnsideTed to be relevant. Actual results may differ from these estimates. The estimate5 and underlying assumptions are revlewed on an on80ing basis. Revlslons to accountin8 estimates are recognised in the period which the estimate Is revised where the revision affects only that period, or in the period of the revision and future perfods where the revislon afferts both cuffent and future periods. The Trustees believe there are no such 5tgnificant iterns. Trustees A5 highlighted in the Tru5tees' Report the TrLtstees are key mana8ement. None of the Trustees lor any person connected wlth them) recelved any remuneration or Èxp@nses during the year. Independent Examiner'5 Fees 20Z4 2023 Cost of independent examlnation Investments The rnaJority of the funds were invested as follows: 2024 Valuation at I September 2023 Addition5 at cost Disposals Gain/l105sI in the year Valuatlon at 31 Au8U5t 2024 97.484.68 21,895.63 112,722.401 8,757.26 115,415.17 All the above investments are Ilsted. The cost of the inve5trnents at the year end was £123,623.1912023: £115,209.09). Dlvidends from listed investments total £3.528.14 (2023: £6.22S.22) 13
THE POOLE GRAMMAR SCHOOL TRUST FUNO REGISTERED CHARITY NUMBER 306310 NOTES TO THE ACCOUNTS ST FOR THE YEAR ENDED 31 AUGUST2024 Bank and St(k Broker Accounts 2024 2023 £4L38a59 £45.834.13 Bank interest of £519.7512023: £71.86) was r}Ved from the bank account5. Fund5 The indiwdual categories of fund are not fornially deslEnated butwlll. so far as is possible, take into account the donors, wi5he5 for the distrfbution of both capital and income. The Followlng movements took place durirE the year: Balance 05 at I" Septemher 2023 Incoming resources Resources expended Galns I Ilosses) Balance as At 3151 Augusl 2024 Capital Fund Old Gramrnarians Fund Amenwties Fund Parents Staff Assoctation Murray-Peters Scholarship Sldney Stlckley Scholarship 17,127.23 30.44 22.186.35 42,lQ8.68 61.866.11 I4318.81 3.503.47 13.645.011 537.79 17,523.49 30A4 24,720.56 46,40g.39 68.114.88 156,798.76 24,392A8 121.858.671 2,038.49 1242.001 1,152.CKI 1500.481 31.08624 126,364.261 2,622.IX) 5,597.36 8.757.26 Comparative Informatlon: Balan as at I'september 2022 JncoTning resources Resources expended Gainsl Ilosses) Balanee as At 31" August 2023 Capltal Fund Old Gramrnarians Fund Amenltles Fund Parents Staff Assodatlon Murray-Peters Scholarshlp Sidney Stickley Scholarship 16,763.87 30.44 13,839.10 42,730.73 70.133.41 143.497.55 4,384.21 (3.497.96) {522S9} 17,127.23 30.44 22,186.35 42,108.68 61.866.11 143,318.81 14,384.92 (6,037.67) 1,900.05 {21X).00} (2 322.10) 3,864.96 (2,203.93) (9,928331 24,534.14 {11,939.56> 112,77332) 14
E POOLE G114MMAR SCHOOL TRUST FUND REGISTERED CHARITY NUMBER 306310 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31" AUGUST 2024 As explained in the Trustees reporL The Trust has several fund5 Within which it operate5 and the actlvltles of these various funds durirE the year were as follows. Old Gramrnarlans Fund- Old Boys who wish to make payment under the Gift Aid Scheme directly to the School Trust Fund. Old Grammarian5 who glve In this way are exempt from paying their subscription to the Old Grammarians Association. These funds are primarily used to pay for the cost of the School Ma8a21ne. Amenities Fund - Tax paying parents are asked to pay the 5th001 Subscription into this account under the Glft Aid kheme so that tax can be recovered on those payments. These funds are given to the schocl for the cost of extra-rrICUlar activities etc. Tho ParÈnt staff Associatron- rnise fund5 for the School and make donations to the School for equlpment etc. as requested by the School. Murray Peters Fund (Eifts and le8acyl- taking noto of thÈ wlshes Df the donors, the Trustees have kept this glft separate from the other funds of the Trust so that its incorne may be used specifically to support and encourage educational travel andlor adventurous physlcal activttywhlch have a dear educational benefit, 5idneyStickley Fund- (le8acyl tsking note of thewishesof the legato theTrustees have keptthi5 legacyseparate from the other funds ofthe Trust 50 that its income may be used specifically to support and encourage Oxbrldge pupils. The Capital Fund i5 Used a5 a holdinE account for monles received prior to the Trustees resolving how these funds are to be dealt with 50 as to accord the wishes of the donor so far as is possible within the term5 of the Trust Deed. Transactions with Related Partles There are rK) such transaction5 Other than the general contributions that are rnade to Poole Grammar School to support faalittes 3nd education spend. These are detailed in the Statement of Flnanclal Actlvltles and the payments to Poole Grammar School. 15