STEYNING GRAMMAR SCHOOL
FOUNDATION
Registered Charity Number: 307031
ANNUAL REPORT AND FINANCIAL STATEMENTS
31[st] MARCH 2022
Chair’s Report
1 April 2021 – 31 March 2022
The year started with a relatively new set of Trustees following the resignation of the previous Chair and three other Trustees between 1[st] Jan and 31[st] March 2021. Trustees were grateful to our outgoing treasurer for completing the end of year accounts (to march 2021) so comprehensively and for arranging a seamless handover of financial matters to our new Chair. Since March 2021 no further Trustees have resigned and we have recruited one new Trustee, a local architect whose specialist expertise has been invaluable in discussing planning issues. Trustee meetings have continued online on a monthly basis.
The school was settling into a new phase of existence having become an academy within the Bohunt Education Trust from 1 December 2020. In August 2021 teaching at Church Street ended as year 7 & 8 pupils would move into newly acquired and more modern premises from September. We noted that this drew to a close a period of over 400 years of continuous teaching on this site. There followed a period of several months when school staff were still retrieving furniture and resources from the empty Church Street buildings. Thereafter we took steps to ensure the security of the empty buildings and we were grateful to the school for providing regular caretaking visits. There are several other school buildings immediately adjacent to the empty buildings and this activity also allowed oversight and security.
Trustees had decided several months earlier that the land at the rear of Brotherhood Hall should be sold but that the Grade I listed hall itself should be retained for some form of educational community purpose. Following a comprehensive tender process managed by Savills (estate agents) a developer had been selected and Trustees committed to an exclusivity agreement with that developer. So in Spring of 2021 Trustees spent a considerable effort in rebuilding and strengthening relationships with stakeholders in the sale of property. These stakeholders included Steyning Grammar School governors, Bohunt Education Trust, the Department for Education, the Board of Education of Chichester Diocese, The Charity Commission and West Sussex County Council.
We have had an initial meeting with the conservation Officer from Horsham District Council and also with a representative of Historic England. This has given Trustees insight into what we will need to provide in order to allow our development plans to proceed. The developer welcomed members of the public to see the initial plans for redevelopment of the site. The Steyning Society was keen to engage with this and other meetings with Trustees. There was a productive discussion with a representative from the Charity Commission about the possible amendment to our current scheme although there has been no firm progress with this yet.
We have on several occasions welcomed visits by groups from Steyning Grammar School Old Boys Association who have fond memories of Brotherhood Hall and are keen to follow developments. Discussions with all stakeholders have been the main occupation of Trustees in this period and such discussions are ongoing.
Richard Goodman Chair of Steyning Grammar School Trustees
THE STEYNING GRAMMAR SCHOOL FOUNDATION BALANCE SHFET AS AT 31 MARCH 2022 2022 2021 Assets Investment8 schedule Deposit: Charities Deposit Fund Batth current account 47,275 43.749 41,968 38,578 £91,054 £84,138 Represented by: FUND BALANCES at 1° April 2021 General Funds 84,138 71.077 Surplus Income in Year 6.916 13.061 £91,054 £84,138 Sied on behalf of the FoUndlOn GovernotS gLS approved on 24 lanuary 2023 flir Richard Goodman Inde endeDt Examiner's Re ort I have examined the financial records as prescntcd to me and confimi thai the above accounts are in accordance with ihose records and there are no matters to which, in my opinion, attention should be drawn to. Signed: Tim Standing FCA Date.. ai JOL3
THE STEYNING GRAMMAR SCHOOL FOUNDATION
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | 2021 | |
|---|---|---|
| Income | £ | £ |
| Dividends received on Investments | 1,284 | 1,391 |
| Interest on Deposit with Charities Deposit Fund | 1 | 7 |
| ____ | ____ | |
| 1,285 | 1,398 | |
| Other Income | 18 | 29,500 |
| Rental Income from Boarding | 116,667 | 100,000 |
| Rental Income The Towers (reimbursed by BET) | 27,298 | - |
| Rental Income from Holland Cottage | 5,750 | - |
| Total Income | 151,018 | 130,898 |
| Movement in market value of investments | 3,526 | 9,358 |
| _ | _ | |
| 154,544 | 140,256 | |
| Less: Expenditure | ||
| Foundation 6thForm prizes | - | 250 |
| - | 105 | |
| Legal & Fees | 3,465 | 46,550 |
| Trustee Insurance Premium | 637 | 520 |
| Clerk Salary | 607 | 120 |
| Gifts/Donations | 105,000 | 45,000 |
| Lease to Towers Reimbursement from BET | 27,298 | 23,057 |
| Architect & Surveyors Fees | 10,621 | 11,592 |
| Total Expenditure | 147,628 | 127,195 |
| _ | _ | |
| Surplus Income for the Year | 6,916 | 13,061 |
| _ | _ |
THE STEYNING GRAMMAR SCHOOL FOUNDATION
INVESTMENTS AT 31 MARCH 2022
| Price p Unit Funds 2115 CBF Church of England Investment Fund 2209.42p 437.35 COIF Charities Fixed Interest Fund 124.29p |
Value £ 46,729 546 ______ £47,275 |
|---|---|