2022-03-31-accounts - Ashford Grammar School Endowment Fund

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Name Richard Fraser	First Appointed 3"March 1999	erm(s) ofOffice Extended by further	erm end 2" March 2023	erm end 2" March 2023
(Chair)		erms of4years
Simon Hallam	6'"November 2014	Extended by a further	5'"November	2022
(Vice Chair)		erm of4years
im Small	28'"September 2021	years	27'"September	2025
acant

ype ofGoverning	ype ofGoverning	Document	Document	cheme revised 16'"June	2021, lodged	with and approved	with and approved	by the
				Charity Commission and	adopted at the	Trustee's meeting on 28'"
				eptember 2021
Constitution				Unincorporated
rustee Selection				rustees are appointed or reappointed		on expiry oftheir term for
				periods of 4years.
Objectives				he provision ofitems, services and facilities for the Norton
				Knatchbull School which	are not normally		provided out ofpublic
				Unds
ummary of	the main activities			he Endowment Trust has provided loans			tothe school for	the
undertaken	for the public benefit			purposes ofenhancing facilities. Current			loans are as follows:
in relation to these objects
				port shall Loan E360,000over 50years.			No interest. Repayment		to
				be completed by 1/3/56
				ypically, the Endowment	trust provides		prizes for students,	though
				none were granted in year.
tatement ofthe		Charity's	policy	o hold a basic level ofunrestricted funds			for the benefit ofthe
on reserves				chool; ensuring sufficient funds are available for the Objective and
				or Prize giving.
Details offunds materially			in	None
deficit
Further financial		review		he main source offunds	this year has been the repayment			of loans
				rom the school.
				dditionally, f5,000 has	been received	in	respect ofschool
				undraising.
Future plans				o consider applications	for funds from	the school on their		merit and
				decide accordingly in accordance with the above-mentioned
				Objectives.