**RANELAGH FOUNDATION TRUST ANNUAL REPORT 2021/22** The trust has had a successful year with returns from investments funding a number of initiatives as well as the usual academic prizes. The sale of a small plot of land gives the Trust the opportunity to contribute to some major investment at the school. Further details are given below. ## Income and Expenses This year the fund has achieved income of £8,615.00 in the form of dividends, interest and rent compared with £8,097.51 the year before. In addition, £4,200 spent on professional fees in the previous year was reimbursed by AXE estates and £450,000 was received relating to the sale of land at Larges Lane. This land sale has enabled the development by a 3[rd] party of the sports grounds at Larges Lane, which is owned by the trust, into a state of the art all weather facility which delivers improved teaching and sports facilities which can be used by the school. It also expands the range of courses the school can offer Several payments were made during the year as follows: - ●£650 for prizes from the Holmes, Walsh and Jarvis funds. - ●£1,1,42.40 for lease payments for year 3 of 4 for watercoolers. - ●£959.78 for staff wellbeing at Christmas and end of term. The trust has also paid £6,629.40 in Professional Fees mainly relating to the registration of title for land owned by the Trust. ## Investments The investments are held in a variety of investment funds. No investments were bought or sold during the year. The Investments had a purchase value of £118,315.83. At the 31[st] August 2022 these investments were valued at £257,872 compared with £277,800 in the previous year – a fall of 7.2%. This is after many years of rising values and is still higher than the 2020 valuation. The fund also had £472,751 in the bank the bulk of which was the £450,000 received for the sale of land during the year. Options to invest this are currently being looked at. 1 **RANELAGH FOUNDATION TRUST ANNUAL REPORT 2021/22** ## Funds The General fund balance stands at £454,942.87, which if the £450,000 is deducted, leaves £4,942.87. No doubt some of the £450,000 could be used to support on going donations in the future as well as on larger schemes. The other funds remain sufficient for the prizes they need to support ## Looking Forward The sale of the land has generated a substantial sum for the trust and presents a real opportunity to improve facilities at the school. The school was asked to come up with proposals that the trust could support. An initial project that will be done over the summer includes the provision of new lab space and this will be funded by a combination of the trust, parents and the school. Further schemes will be presented in due course ## Review of Accounts As well as the presentation of the accounts to the Foundation Trustees the records were passed to the independent examiner, Mr Colin Yates, a qualified accountant, who agreed to be the independent examiner once again. He has certified that the accounts are in accordance with the underlying records and can be submitted to the Charity Commission Louise Hodkinson 30/03/2023 2 RANELAGH FOUNDATION TRUST ANNUAL REPORT 2021122 **RANELAGH FOUNDATION FINANCIAL STATEMENTS 2021/22** ## **Summary** The following schedules set out the accounts of the Foundation Investment Funds for the year ended 31[st] August 2022. ## **Fund Balances** 1 **RANELAGH FOUNDATION FINANCIAL STATEMENTS 2021/22** ## **Receipts and Payments Summary for 2021/22** 2 RANELAGH FOUNDATION FINANCIAL STATEMENTS 2021122 7￿7J ]5 £ 44m19 £ 3nZ23 Closlr#J Bala￿e* £ ¥6e37 REPRESENTED BY: Sc1x￿1 B￿￿lI¥j GnxwK15owxI Pl￿71￿j Fiel&P £ %￿7. T(IfAL ASSETS £472751 £57.87Lg) £ 271,￿83 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of On accounts for the year ended Iislz? Charity no {if any) 309 084 Set out on pages I r8Wt to the trustees on my examination of the accounts of th8 above charity {Ihe Trusf) for the year ended ResponsibilltiM and As the chanty trustees of the Trust. you are responsible for the proparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 llhe Acr). I rewt in respect of my examination of the TN$t's accounts carried out undef Section 145 of the 2011 Act and in carrying out my èxamination, I have followed the applicable Directions given by the Charity Commisslon under section 145{SXb) of the Act. I have completed my examination. I confim) that no material matters have come to my attent￿n {0th8r than that disclosed below ') in connection with the examination N*hich gives me cause to beli8V8 that in. any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting racords Independent examinerfs statement I have no concems and have com8 across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of th8 accounts to be reached. . Pleas e words in the brackets rfthey do not apply. Slgned: Date: Namo: Relevant professlonal quallfi¢ation(s) or body (if any): ClnJtA l- El* t) Address: IER October 2018