CLARKE'S EDUCATION FOUNDATION Trustees Annual Report and Accounts Year Ended December 2023 Charity Number 307308 Clarke's Education Foundation provides educatlonal grants to schoolsi youth organisations and indlvidual residents of the parlshes of Wokefield and Stratfield Mortlmer In West Berkshlre and Mortimer West End in Hampshire. The principal ￿CIpIentS of grants are universlty students who are supported throughout their first three years and the trustees revlsed these grants upwards slgnlflcantly thls year. Grants are also made available for educational purposes to local schools to cover items not available from the Local Education Authority. other organisations such as Scouts and Guldes; mature students. apprentices and for vocational trainlng. The charity owns part of the land on which Mortimer St Mary's School is built, the School Cottage, the School House and its garden. Followlng a number of urgent repairs In 2020, the trustees commlssloned a survey Into the general condition of thls 150+ year old bullding. This revealed a programme of works to be carrled out over 5 years estlmated at c£35,000. In 2023 we replaced the ￿ntral heatlng boller & made further reparatlons to the schoolhouse and grounds at a cost of £8,812. The charity derives Its income from renting the School House to tenants, modest investment interest and, In 20231 grants from Stratfleld Mortlmer Rellef In Need Charlty and Stratfield Mortlmer Falrground Charlty. In 2023, Clarkes supported 40 (20 In 2022) unlverslty students wit.h bursarles amountlng to £30,050 (£13,200 in 2022) thanks In a large part to the efforts of Trustee Mollie Lock. The thartty made £3,170 (£2,606 In 2022) grants to a varlety of educatlon related projects Includlng: school trfps & books for school leavers. The charity has funds Invested In two Charftles Qfflclal Investment Funds (COIF). At year end the COIF Investment Fund was worth £68,246 (£62,415 In 2022) whlch represents an Increase In funds of £5,831 for the year. The COIF Deposit Fund balan￿ stood at £719 (£689 in 2022) the slight increase in value attrlbutable to retalned Interest. At year end total reserves (bank account plus investments) were £96,489 (£106,002 In 2022). Richard Thome Chairman 18th February 2024 CHARITY COMMISSION FOR ENGLAND AND WALES CLARKES EDUCATIONAL FOUNDATION 307308 Receipts and payments accounts CC16a For th• period from 0110112023 3111212023 Section A Receipts and payments Unrèstrlctod funds to th• n•ar•8t R•strlct•d funds Endowm•nt fund• Total fund• Lalt year to th• n¢Jmt E to tho n￿l￿t É to the n••r•st £ to th• n•ar¢Jt t A1 Rec•1 Rent Donatron8 Dwid8nd• & Inter￿t 15,540 10.500 1,874 15,540 10.SOO 1,874 Sub total (Gross Incon￿ for AR) 27,914 27.914 A2 Assgt and Inv••tnMnt ul•8, IM• tabl•). Sub total 27,914 27,914 A3Pa ments 175 30,030 3.171 779 175 30,OSO 3,171 779 Grants In•uron¢• MAlnt•nonc• 8undry Honorariurn Sub total 43.2e7 43,287 A4 Asset and investment puroh48••, (Sw tabl•) Sub total 43,287 43,287 Net of rncaipts/(paymonts) A5 Transfers between funds A6 Cash funds last year ènd Cash ftinds thls year end 15,374 15,374 42,898 27,524 42.898 27.524 CCKX R1 accounts {SS) 22101r2024 Section B Statement of assets and liabilities at the end of the period Unrestricted funds to nearest £ Restricted funds to nearest £ Endowment funds to nearest£ Categories Details B1 Cash funds Lloyd& Bank AJC 27,524 Total cash ftinds 27,524 i•Jr•• bi￿r￿•S rt81p*8 gnd accounll•ll Unrestri¢ted funds to ne4rest £ Restrlcted funds to n•aMst È Endowment funds to nearest £ 82 Other monetary assets COIF Depo&t Fund 719 COIF InveBtmont Fund 88.246 Fund to whl¢h •x•t belon Current valu• tlonal Details Cost loptlonall B3 Inv88tment as$•t$ Fund to whlch a*••t b•lon Detsils Cost loptlonall Current valu• tlon•l B4 Assets retalned for the charlty'8 own use Fund to which Ilabll r•lat•s Amount du• When due onal netails B6 Llibllltle8 Slgn8d by ong or Iwo trustees on behalf of all the trust085 Date of roval Signature Print Name R. THORNE J.THOMPSON 131ilto CCXX R2 accounts {SS) 22101R024 ## **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 to**31st December 2023**
21stFebruary 2024| |---|---| |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:|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|SMCaokoe| |Name|Sue Jackson FCCA
Working Numbers Limited| |Relevantprofessionalqualification|ACCA(Association of Chartered Certified Accountants)| 1/2 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|| 2/2 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