## **Charity Registration Number 306424** ## **WILLIAM OLDER CHARITY SCHOOL** # **TRUSTEES ’ ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **WILLIAM OLDER SCHOOL CHARITY Charity Registration Number 306424 TRUSTEES ’ ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Trustees** Rev ’ d M Standen (Chairman) Mr R Hobden Mrs A Jones Mr J Nicholl Mr P Gayler ## **Address** The Parish Office St Margarets Church Arundel Road Angmering Littlehampton West Sussex BN16 4JS ## **Independent Examiner** Mr K Stockman 2 Maytree Close Angmering Littlehampton West Sussex BN16 4EZ WILLIAM OLDER SCHOOLCHARITY Charity Registration Number 306424 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report for the year ended 31 December 2024 Trustees The Trustees are appointed in accordance with the Deed of Trust Charit Commissionerfs Scheme and Governin Instruments and those holding office during the year were: Retyd M Standen Mr R Hobden Mrs A Jones Mrj Nicholl Mr P Gayler Objertives and Actlvltles To promote the education (including social and physical training) of children in accordance with the dortrines of the Church of England, in the Ecclesiastical Parish of St Margaret, Angmering, and in particular by means of a Church of England School and otherwise in accordance with the provision of the Scheme. To provide special benefits of a kind not normally provided bythe local education authority of the school. To make grants for the benefit of the William Older Play Group (in succession to the Angmering Pre- school Playgroup). To provide special benefits of a kind not normally provided by the local authority for The Angmering School. To promote the education of children and young people who are resident in the said Parish and are in need of financial assistance in such ways as the Trustees think fit. There are no employees and artivities are the payment of donations, grants and direct costs relating to the objects of the Charity. Achievements and Performance During the year the Trust made payments to: St Margarets Church of England School The Angmering School Individuals of Grants towards the costs of educational courses. Flnanclal Revlew Receipts during the year amounted to £28,458 (2023: £28.001) and the money expended during the year amounted to £26,124 (2023; £26.414). This resulted in a surplus for the year of £2,334 (2023: £1,587) Funds carried forward at the end of the year amounted to £19,646 (2023: £6.302} On behalf of the Board of Trustees Rewd M Standen (Chairman) REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF WILLIAM OLDER SCHOOL CHARITY Charlty Reglstratlon Number: 306424 I report to the trustees on my examination of the accounts of the William Older School Charity (the trust) for the year ended 31 December 2024 Responslbilities and basis of report As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying Out my examination I have followed all the applicable Direttions given by the Charity Commission under section 145(5)(b) of the Art. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of the Trust as required by section 130 of the Act: or 2. the accounts do not accord with the records. I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Keith H Stockman 2 Maytree Close Angmering Littlehampton BN16 4EZ Date: I&E 2024 LLIAM OLDER SCHOOL CHARITY 306424 Statement of Incom• & Expondlture- for the year ended 31 st December 2024 2024 2023 Income Dividends Interest on deposits St Margarets PCC Licence Pyt on William Older Hall Donation Rent on Grazing Rights 2363 733 7152 18210 1847 534 6810 18210 600 Total Income 28458 28001 Expenditure St Margarets School Leavers Educational Visits Angmering School Other Grants Maintenance of William Older Hall Insurance of William Older Hall Admin, Professional Fees, Advertising Investment 4763 600 6456 1145 3500 2350 1816 1487 9660 500 980 1408 2873 15000 Total Expenditure 26124 26414 Surplus of income over expenditure 2334 1587 Other Recognised GainslLosses ProfiV(Loss) on Investments 17312 4715 Net Movement on funds 19646 6302 WILLIAM OLDER SCHOOL CHARITY 306424 Balance Sheet as at 31st December 2024 Assets Notes 2024 2023 Land William Older Hall Other Property Investments - see below Debtor Bank Account - unrestricted funds Bank Account - 45.000 237,386 81,653 100,057 45,000 237,386 81,653 82744 41,269 38936 505,365 485.719 Liabilities 485,719 Capital As at 1 January 2024 Add: Net movement of funds l year to 3111212024 Funds of the Charity 485,719 19,646 605,365 479.417 6,302 485,719 Notes: 1. The land is grazing land, north of St Margarets School 2. William Older Hall built 2007 and extended 2014 3. Share of St Margarets School + building improvements Investment Valuatlon William Older School Charity CBOF (CE) Fixed Interest Security Fund Shares COIF Charities Investment Fund - Income Units CBOF C of E Deposit fund (units) 49568.6 73,917 26.097 43 100,057 71,750 10,955 39 82,744