2024-12-31-accounts - Clarke Educational Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

CLARKE EDUCATIONAL FOUNDATION Trustees Annual Report and Accounts Year Ended December 2024 Charity Number 307308 Clarke's Educatlon Foundatlon provldes educatlonal grants to schoolsf youth organlsatlons and indlvldual resldents of the parfshes of Wokefleld and Straffield MortSmer In West Berkshlre and Mortimer West End in Hampshire. The prlnopal recipients of grants are university Students who are supported throughout their flrst three years. Grants are also made available for educational purposes to: loca5 schools to cover items not available from the Local Education Authorityi Other organisations such as Scouts and Guides. mature students. apprentlces and for vocatlonal tralnlng. The charlty owns part of the land and bulldlngs comprising Mortimer St Mary's School, the School Cottage, the School House and Its garden. The latter being the charltles prlndpal Sour of income. The charlty derlves Its Income from rentlng the School House to tenants, modest Investment Interest and, In 2024, a substantlal grant from Stratfleld Mortlmer Rellel In Need Charity. Followlng a number of urgent repalrs In 2020, the trustees commlssloned a survey Into the general condltlon of thls 150+ year School House. Thls revealed a programme of works to be carrled out over 5 years estimated at c£35,000. Thls year saw further work on thls programme with the long overdue replacement of Its kltchen & other mlnor works at a total cost of £12,918. 2024 saw unprecedented demand for unlversity grants. Clarkes supported a record 44(40 In 2023) universlty students wlth bursaries amountlng to £34,708 (£30,050 in 2023) thanks In a large part to the efforts of Trustee Mollle Lock and Clerk to the Trustees Valede Hudson. For whlch efforts, many thanks. The charlty made a further £2,377 (£3,170 In 2023) worth of grants to a varlety of educatlon related projetts Indudlng: school trlps; books for school leavers, travel for educatlon and an onllne course. The charlty has funds Invested In two Charltles Offlclal Investment Funds (COIF). To meet demand for university grants the Charity had to release some of its Investments Funds. At the year-end: the COIF Investment Fund was worth £64,870 (£68,246 In 2023). the COIF Deposlt Fund stood at £756 (£719 In 2023). the current account balance was £12,509 (£27,524 in 2023) giving total combined funds of £78,134 (£96,489 in 2023) Rlchard Thome Chairman 2nd June 2025

CHARITY COMMISSION FOR ENGLAND AND WALES CLARKE EDUCATIONAL FOUNDATION 307308 Receipts and payments accounts CC16a For the period from 0110112024 3111212024 Section A Receipts and payments Unrestricted funds to thè nur•st Restricted funds Endowment lunds Total funds Last year to th• ntsaMt£ to th• n1£ to th• rb•ar•$t £ to th• nurest£ A1 Recei Rent Oonatton$ DNidends & Int8r8$1 TTanBler from Depo8rt A¢¢ount 15.S40 14,020 15,540 14,020 5,000 Sub total (Gmss income for AR) A2 Asset and investment sales, (saè t4blo). Sub total 38,460 36,460 A3Pa ments 17S 34.708 2,377 797 12.918 175 34,708 2.377 797 12,918 ButBari88 Grants Insuran Mainten8n¢& Sundry Honorarium Sub total J1,475 S1,475 A4 Asset and investment Purcha#, (seo tablo Sub total 51 A75 61,475 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year ond Cash fvnds thAs year end 15,015 15,015 27.524 12,509 27.524 12,509 CCXX R1 accounts (SS) 02106f2025

Section B Statement of assets and liabilities at the end of the period Unrestricted funds to nearest £ Restricted funds to nearest £ Endowment funds to ntsre5t £ Categories Details 81 Cash funds Lloyd8 Bank Al¢ 12.509 Total cash funds 12,509 Iwree and payments •cnI(SI) Unr•strictod funds to nearest £ Restricted funds to n•ar•$t £ Endowment funds to nearest £ DvlJils COIF Depo8lt Fun¢J B2 Other monetary ass•ts 75e COIF Inveotrnent Fund 64.870 Fund to whl¢h asset btslon Details ¢t loptklnall Currnnt v•lu• tlonal B3 Investment assets Fund to whlGh a15et belon Curt•nt valu• tlonal Details Ct loptk*nall B4 Assets retalned for the charlty's own use Fund to whlch Amount du• tlonal Wh•n du• lon•1 Details B5 Llabllltles SkJn8d by ono or tru8teo8 on bèhalf of all tho tru$tO6S Dat8 of roval Signature Print N8m8 R. THORNE FI1 J. E. THOMPSON CCXX R2 accothits (SS} 02106r2025

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 2024 21stMay 2025
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