CLARKE'S EDUCATION FOUNDATION Trustees Annual Report and Accounts Year Ended December 2022 Charlty Number 307308 Clarke's Education Foundation provides educational grants to schoo15, youth organisatlons and indlvidual resldents of the parishes of Wokefield and Stratfield Mortlmer in West Berkshire and Mortlmer West End in Hampshire. The prinapal reclpients of grants a unlverslty stuoents who are supported throughout their first three years and the trustees revlsed these grants upwards slgnlflcantly thls year. Grant5 are also made avallable for educatlonal purposes to local schools to cover Items not èvailable from the Local Educatlon Authorfty; other organisations suth as Scouts and Guides; mature Students. apprentices and for vocational training. The charlty owns part of the land on whlch Mortimer St Mary's School Is bullt, the School Cottage, the School House and its garden. Followlng a number of urgent repalrs Sn 2020, the trustees commlssloned a survey Into the general condltlon of thls 150+ year old bulldlng. Thls revealed a programme of works to be carried out over 5 yeats estlmated at c£35,000. In 2022 we canled out further reparations to the sd)ool house at a c05t of £9,993. In addition we benefitted from installation by West Berkshire, at no cost to the Charity, of a wet-room sultable for people wlth mobility difficultles. The chaty derlves Its income from rentlng the School House to tenants, modest Investment Interest and, In 2022, grants from Stratfield Mortlmer Rellef In Need Charlty and Stratfield Mortlmer Fairground Charlty. In 2022, Clarkes supported 20 (18 In 2021) university students with bursaries amounting to £13,200 (£9150 In 2021) thanks In a large part to the efforts of Trustee Mollie Lock. The chadty made a further £ 26051£3065 in 2021) worth of grants to a varlety of educatlon lated projects indudlng.. school trips; books for school leavers and local Scout group5. The tharity has funds invested In two Charltles Offidal Investment Funds (COIF). Havlng adequate funds In our current account, In January 2022 the Trustees transferred the bulk of the balance In the Deposlt Fund (£19,000), whlch was earnlng negllglble Interest, to the Investment Fund. At year end, despite the inJection of the £19,000 from the COIF deposit account, the COIF Investment Fund was, worth £62,415 which represents an underlying reduction in funds of £60 for the year The COIF Deposit Fund balance stood at £689 {£19.679 In 2021 prlor to transfer to COIF Investment Fund), the sllght increase in value atttlbutable to retained interest. Rlthard Thome Chairman April 2023
I CHARITY COMMISSION FOR ENGLAND ANO WAIES CIARKES ÉDUCATIONAL FOUNDAnON 307308 Receipts and payments accounts CC16a For th• p•rlod from 0110112022 To 3111212022 Section A Receipts and payments fvnd• fund• funds Total fund L•st year tr•th• n•rnt£ knth• fi•r•%tt trj lh• th• I•t£ A1 R•GOi Rent Donatron• DMd8nth & Intqfélt 15.510 11.500 1,732 16,540 11,580 1,732 Sub tot•l(Gross income for ARJ 28,6S2 28,iS2 A2 A••t nd InvMtm•nt Is•• tsbl•l. Sub total 28,852 24.852 A3Pa m•nt• Burnad•• Gr8nt• In¥uran¢• Mani•n8n Sun(tsy 13.X 2.108 2.605 1.065 9.878 11 9,878 112 Sub tolal 27.110 27,110 A4 A•••t and 4nv•tm•nt Sub tof•l 27,110 27,110 Il•t of rKelpts/fpaymentsJ AS Transf•rs Ltween lunds A8 Cash funds last y•ar •nd Cash ffunds this year end 1.742 1,742 41,156 42 42098 CCXX R1 accounts ISSI 252023
Section B Statement of assets and liabilities at the end of the period RestriGted funds Endowment lunds neamt£ Categori•s DetsTrls fvnds ) nthrnst£ B1 Cash funds Aank Al¢ Total cash funds 42.898 Endowm•nt funds fvnd funds Details COIF Fund to n•ar•Jte COIF Invmbnwrt Fun 62,415 Fynd to whh c1(PIlO Cvry¢nt Details Fund kn thlch Curr•nt ¥•lu• Details 84 Au•t• rntaln•d lor th• ch•rlty's own Details B5 Uablllti Swned ty one ort4¥0 tnthe8 on th8if ol all the te¢S Dats of roval Signature Print Name R. THORNE 9 /6/LZ3 Z013 J.THOMPSON CCXX R2 accounts ISS)
Independent Examiner’s Report on the Accounts
| Report to the officers/members of For the accounts Prepared |
Clarke Educational Foundation Registered Charity no. 307308 1 Oaktree Cottage, Goring Lane, Grazeley Green, Reading RG7 1NA For the year to31st December 2022 26 April 2023 |
|---|---|
| Respective responsibilities of officers and examiner |
The officers of the group are responsible for the preparation of the accounts. The officers consider that an audit is not required and that an independent examination is needed. |
| It is my responsibility to: • Examine the accounts and to • State whether any particular matters have come to myattention |
|
| Basis of Independent examiner’s statement |
My examination was carried out in accordance with general directions as given by the Charity Commission. An examination includes a review of the accounting records kept by the club and a comparison of the accounts prepared with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the officers concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below. |
| Independent examiner’s statement | In connection with my examination, no matter has come to my attention: 1) Which gives me reasonable cause to believe that in, any material respect, the requirements below have not been met: - To keep proper and accurate accounting records - To prepare accounts which accord with the accounting records and comply with statutory accounting requirements or 2) To which, in my opinion, attention should be drawn in order for a proper understanding of the accounts to be reached. |
| Signed | |
| Name | Sue Jackson FCCA Working Numbers Limited |
| Relevantprofessionalqualification | ACCA(Association of Chartered Certified Accountants) |
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Working Numbers Limited, Chartered Certified Accountants, Registered Office: 12 St Mary’s Road, Mortimer Common, Reading RG7 3UE, UK Company Registration no: 07652174 Director: S M Jackson, FCCA, CTA
Independent Examiner’s Report on the Accounts (continued)
| Independent examiner’s disclosures |
None |
|---|---|
| Independent examiner’s notes | Accounts are prepared on a receipts and expenditure basis |
| Recommendations |
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Working Numbers Limited, Chartered Certified Accountants, Registered Office: 12 St Mary’s Road, Mortimer Common, Reading RG7 3UE, UK Company Registration no: 07652174 Director: S M Jackson, FCCA, CTA