Charity number: 309085
ST BARTHOLOMEW'S SCHOOL FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

ST BARTHOLOMEW'S SCHOOL FOUNDATION
CONTENTS
Page
Reference and Adminlstratlve Details of the Charity, its Trustees and Advlsers
Trustees. Report
Independent Examlnerfs Report
Statement of Financial Activittes
Balance Sheet
10
Statement of Cash Flows
11
Notes to the Flnanclal Statements
12-23

ST BARTHOLOMEW'S SCHOOL FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Appointed by Newbury Town Council..
Councillor S Dibas (appointed 20 July 2023)
Councillor N Foot (resigned 4 May 2023, reappointed 15 June 2023)
Councillor S Slack (resigned 4 May 2023)
Appointed by West Berkshire Council..
Councillor L Dillon (resigned 4 May 2023)
Councillor L Doherty (resigned 4 May 2023)
Councillor B Drummond (resigned 4 May 2023, reappointed 7 December 2023)
Councillor E Pattenden (appointed 16 July 2023}
Councillor M Vickers (appointed 24 July 2023. resigned 8 December 2023)
Councillor P Clark (appointed 8 September 2023)
Appointed by Newbury Almshouse Trust..
MrMHart
Community Trustees
Mrs J Clifford, Chair (until 19 September 2023)
Mr T Emberlin, Vice£hair, Chair (Vice-chair until 19 September 2023, Chair from
20 September 2023)
Mr R Mead
Mr L Pummell, Treasurer (from 20 September 2023)
Mrs P Ray, Vice Chair (from 20 September 2023)
Mr M Smith (until 19 September 2023)
Officers
Mrs J Clifford, Chair {until 19 September 2023)
Mr T Emberlin, Vice-chair, Chair (Vice-chair until 19 September 2023. Chair from
20 Seplember 2023)
Mr M Smith, Treasurer (until 19 September 2023)
Mr L Pummell, Tre8surer (from 20 September 2023)
Mrs H Sutherland, Clerk
Charity regislered number
309085
Principal office
st 8artholomevls School
Andover Road
Newbury
Berkshire
RG14 6JP
Page 1

ST BARTHOLOMEW'S SCHOOL FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
(CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Independent Examlner
James Cowper Kreston
Chartered Accountants
Greenham Business Park
2 Communications Road
Newbury
Berkshire
RG19 6AB
Bankers
Lloyds Bank plc
5 Bridge Street
Newbury
Bed(shire
RG14 5BQ
Solicitors
Knights
Rivergate House
London Road
Newbury
Berkshire
RG14 2PZ
Investment Advisers
Black Rock Investment Managers
33 King William Street
London
EC4R 9AS
Page 2

ST BARTHOLOMEWS SCHOOL FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements for the year ended 31 March
2024. The Trustees confirm that the Annual Report and financial statements of the charity comply with the
currenl statutory requirements. the requirements of Ihe charity's governing document and the provisions of the
stalernent of Recommended Practice {SORP) applicable to charities, preparing their accounts in accordance
with the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
2019).
Structure, governance and management
a. Governlng document
The St Bartholomew's School Foundation was fomied as a charitable foundation (Chartty No. 309085) under a
trust deed dated 10 February 1910, as modified by subsequent orders. This scheme was replaced by a new
scheme dated 18 October 2007.
There have been no changes in the objectives since the last annual report.
b. Governlng Body and organisational management
The Charity is managed by a Board of Trustees whose details are listed under the reference and administration
details section. The Trustees meet at least three times each year and retsrve agendas, minutes and papers
prepared by the Clerk. Decisions are taken by majority voting where necessary, usually by show of hands.
Meetings are chaired by the elected Chair or Vice Chaimian and minutes are taken by the Clerk. In bebNeen
Trustees, meetings urgent decisions can be taken by the Chair, Mr T Emberlin, Vice Chair. Mrs P Ray and
Treasurer, Mr L Pummell.
The day to day administration of the Charity is delegated to the Clerk to the Trustees, Mrs H Sutherland.
In 2014 it was agreed that the number of Trustees would reduce from seventeen to twelve when current
appointments expire. Under the new structure Trustees are appointed by Newbury Town Council, three by
West Bert(shire Council and one by the Newbury Almshouse Trust. These are known as Representative
Trustees. The remaining six trustees are designated Community Trustees.
c. Recruitment and training of trustees
Representative Trustees are appointed after their respective organisation's internal nomination processes are
complete.
Community Trustees are recruited in a variety of ways, including infonnal discussions with the School's
Govemors and an open recruitment process when required. All Community Trustees are chosen for their
personal attributes and experience, necessary to maintain an appropriate balance of skills and professionalism
on the Trustee Board.
Trustees are inducted by the Chair, Vice Chair and the Clerk following recruitment and are encouraged to
maintain their knowledge of general charity law and regulatory matters via the Charity Commission website and
educational initiatives.
Page 3

ST BARTHOLOMEWS SCHOOL FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, govemance and management (continued)
d. Risk management
The Trustees are responsible for the identification of risks inherent within the Charity, their potential impact on its
operations and the implementation and maintenance of a system of control in order to mitigate those risks.
The Trustees periodically review risk and the key controls maintained by the Charity which include:
1. formal agendas for all meetings
2. well established organisational structure and reporting lines
clear authorisation and delegated responsibilities
regular review and reporting of financial position
use of extemal professionals for admce where the necessary expertise is not available from within the body
of Trustees. Legal, financial, commercial and investment advisers have been used during the year.
The Trustees are satisfied that any major risks have been identified and mitigated where necessary through their
risk management processes.
Objectives and activities
a. ObjectiV8s and activlties for public beneftt
The principal objective of the Foundation is to provide educational benefits to the students of St Bartholomew's
School. The Trustees are aware of the Charity Commission's general guidance on public benefit which has been
considered when reviewing policy and objectives.
The Foundation is responsible for administering pemianent endowment funds and assets which are held in a
portfolio of cash, managed investments, land and property. The Foundation owns the large majority of the land
and buildings of the School. including playing fields, all of which have been leased to the School. The buildings
have been removed from the Balance Sheet of the Foundation as disclosed in note 18 to the accounts. The
Foundation owns some allotment land called Parsons Green in the town, which is let to the Newbury Town
Council. There is also a property at No. 4 Buckingham Road, Newbury.
The Foundation is the custodian of many prize funds. some restricted in purpose, but all intended to reward good
work, effort or achievement on the part of pupils at the School. These prize funds have been consolidated under
a new charity scheme dated 18 October 2007 known as the St Bartholomews School Foundation Consolidated
Prize Fund.
The Foundation is supported by one part time clerk.
Pag@ 4

ST BARTHOLOMEWS SCHOOL FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and perforniance
a. Achievements and performance
The Trustees take a keen interest in the development of the school and greatly value the regular updates from
the headleacher and invitations to school events. It is their objective to balance risk and reward and optimise the
total return on the Foundation's investments in order to provide funds for those activities which cannot be met
from other sources. The Trustees are mindful of their obligation to future generations of students in their
execution of the management of the charitys pemianent endowment and other assets. This year, Trustees were
particularly delighted to finance 'Awards Evenings. that recognise the achievement and attainment of students.
Trustees also took steps to maintain good stewardship of The Foundation's assets, for example by
commissioning a comprehensive land valuation exercise, continuing to maintain its rental propety and agreeing
to changes to the school estate to reflect changing needs of the school community.
b. Investm8nt policy
The Trustees have appointed Black Rock Investment Managers to manage the Foundation's investments. The
Fund Managers issue quarterly statements and detailed valuations and portfolio reports each year. The Trustees
review the perfomiance of the Foundation's investments on a periodic basis.
In general temis. the Foundation seeks a mixture of capital growth and income generation from the performance
of tts investments.
Financial revlew
a. Financlal revlew
The accounts for the year ended 31 March 2024 show income of £52,553 (2023.. £49,022) as detailed on page 9
of the accounts. Investment income continued to be generated from monies held on deposit, from dividends and
from letting investment property. Dividend income was higher than in the previous year, the prior year being
affected by the transition to new investment funds.
The Foundation's investment property at 4 Buckingham Road continues to produce useful rental income and
long term capital growth for the charity. The estimated market value of the propety as 8t 31 March 2024 was
£750,000 (2023.. £750,000).
Land owned by the Foundation and used as allotrnents (Parsons Green) is rented to the Newbury Town Council
at £850 per annum.
Charitsble expenditure predominantly comprised donations to support the awarding of school prizes.
The Endowment funds stood at £1.806,732 at 31 March 2024 compared wilh £1,777,033 St 31 March 2023.
The Permanent Endowment of the Foundation includes funds held in Funds managed by Black Rock Investment
Managers. The value of the investments increased by £22,838 during the year compared wilh an decrease of
£17,855 in the previous year.
b. Significant developments durfng the year
There were no significant developments during the year.
Page 5

ST BARTHOLOMEWS SCHOOL FOUNDATION
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
c. Reserv8s policy
The Trustees do not have a formal policy for determining the level of cash reserves. However their practice has
been to maintain sufficient liquid assets in an interest bearing deposf( account to enable the Foundation to meet
unexpected expenditure, such as uninsured losses or urgent repairs lo the school buildings that could not be met
by the School or the Department for Education. Currently these cash reserves stand at £190,684 (2023..
£196,468).
The Prize Funds which were consolidated under a new scheme dated 18 October 2007 continue to accumulate
income. Each year the Trustees pay for a range of prizes awarded to students at the School and meet the costs
of school community events from general income. Specific unrestricted fund income (e.g. the Repair and
Improvement Fund) is being used for special projects undertaken by the School.
The level of reseNes is considered to be appropriate and at a prudent level.
Plans for the future
d. Future developments
The Foundation has been part of the St BartholomeWs communty for more than a century, in which time the
school has gone from strenglh to strength. It is proud to work in partnership with the Headteacher and school
govemors for the benefit of the school community and looks foNard to continuing to fulfil its mission in the
future. In the near temi, Ft will contribute financially to the school's goal to use technology to enhance learning, in
the mid-term, explore how it can work wilh the school to develop a fund-raising programme and in the long term,
it stands ready to support the school in whatever way it can. as it has since 1910.
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial statemenls in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the Chariiy and of ils incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
stalements, the Trustees are required to..
select suitable accounting policies and then apply them con51Stently',
obseNe the methods and principles of the Charities SORP (FRS 102).,
make judgements and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements,.
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Charity will continue in business.
Page 6

ST BARTHOLOMEW'S SCHOOL FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of Trustees, responsibilities (CONTINUED
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charty
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregulartties.
Approved by order of the members of the board of Trustees and signed on their beha￿ by:
Mr T Emberlin
Chair
Date.. 12 November 2024
Page 7

ST BARTHOLOMEW'S SCHOOL FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent Examiner's Report to the Trustees of St Bartholomew's School Foundation I'the
Charlty'}
I report to the charity Trustees on my examination of the accounts of the Charity for the Year ended 31 March
2024.
Responslbllltles and Basls of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 Act,).
I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(5>(b) of the 2011 Act.
Independent Examlnerfs Statement
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act. or
the accounts do not accord with those records. or
the accounts do not comply wth the applicable requirements conceming the fonr and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Charitls
Trustees those matters l am required to state to them in an Independent Examinels Report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charitys Trustees as a body, for my work or for this report.
Signed..
Dated: 2011212024
Fiona Hawkins Msc FCA
James Cowper Kreston
2 Communications Road
Greenham Business Park
Greenham
Newbury
RG19 6AB
Page 8

ST BARTHOLOMEW'S SCHOOL FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Endowment Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and endowments from:
Investments
7.022
45,531
52,553
49,022
Total incorne and endowments
7,022
45,531
52,563
49,022
Expenditure on:
Raising funds
Charitable actiwties..
Direct costs
Governance
3,047
3,047
5,389
37,561
7,300
37,561
7,300
13,435
7,532
Total expenditure
47.908
47,908
26,356
Net incomel(expenditure) before net
gainsl(losses) on investments
Net gainsl(losses) on investments
7.022
22,677
(2,377)
161
4,645
22,838
22,666
(17,855)
Net mov8m8nt in funds
29.699
12,216)
27,483
4,811
Reconclllatlon of funds:
Total funds brought forward
Net movement in funds
1,777,033
29.699
215,856
(2,216)
1,992,889
27,483
1,988,078
4,811
Total funds carried forward
1,806,732
213,640
2,020,372
1,992,889
The Statement of Financial Actrvtties includes all gains and losses recognised in the Year.
The notes on pages 12 to 23 form part of these financial statements.
Page 9

ST BARTHOLOMEW'S SCHOOL FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
194,204
889,050
750,000
194,204
859,190
750,000
10
Investment property
1,833,254
1,803,394
Current assets
Debtors
Cash al bank and in hand
213
190,684
196,468
190,897
196,468
Creditors.. amounts falling due within one
year
12
(3,779)
(6,973)
Net current assets
187,118
189,495
Total net assets
2,020,372
1,992,889
Charlty funds
Endowment funds
Unrestricted funds
13
13
1,806.732
213,640
1,777,033
215,856
Total funds
2,020,372
1,992,889
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Mr T Emberlin
Chair
Date.. 12 November 2024
Mr L Pummeil
Treasurer
The notes on pages 12 to 23 form part of these financial statements.
Page 10

ST BARTHOLOMEW'S SCHOOL FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Noto
Cash flow3 from operatlng actlvltles
Net cash used in operating activf(ies
15
(51,102
(21,655)
Cash flows from Investing activltles
Dividends, interests and rents from investments
45,318
41,835
Net cash provlded by investing actlvltles
45,318
41,835
Change in cash and cash equjvalents in the Year
Cash and cash equivslents at the beginning of the Year
(5,784)
196,468
20,180
176,288
Cash and cash equivalents at the end of the Year
16
190,684
196,468
The notes on pages 12 to 23 form part of these financial statements
Page11

ST BARTHOLOMEWS SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting polici8S
q.1 Basls of preparatlon of flnanclal statements
The financial statements have b￿n prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and faiff view and have departed from
the Charilies (Accounts and Reports) Regulations 2008 only to the extent required to provide a Yrue
and fairf view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
st Bartholomew's School Foundation meets the definition of a public benefrt entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otheNise
stated in the relevant accounting policy.
1.2 Income
All income is recognised once the Charity has entttlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Interest on funds held on deposrt is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefils will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Support costs which are not attributable to a single activity are apportioned between
those activf(ies on a basis consistent with the use of resources.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fundraising actiwties events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charitls objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.4 Tanglble flxed assets and depreclation
The land held for use by the charity as at 1 April 1996 has been shown on the Balance Sheet at tts
valuation on 1 April 1998. The value of this land is £174.145. In accordance with section 17 of
FRS102 this valuation has not been updated. Additions to land subsequent to this have also been
included at cost. The land is not depreciated.
Page 12

ST BARTHOLOMEWS SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.5 Investment property
Investment properties are initially recognised at their transaction cost and subsequently measured at
fair value. Gains are recognised in the Slatement of Financial Activities. Investment gains and losses,
whelher realised or unrealised, are combined and shown in the heading 'Net gainsl(losses) on
investments, in the Statement of Financial Activities.
1.6 Investments
Fixed asset investments are stated at their open mathet value at the Balance Sheet date. Investment
gains and losses, whether realised or unrealised, are combined and shown in the heading 'Net
gainsl{losses) on investments. in the Statement of Financial Activities.
1.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due,
1.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-temi highly liquid investments Wtth a short maturity
of three months or less from the date of acquisition or opening of Ihe deposit or similar account.
1.9 Liabilit18s and provisions
Liabililios are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it wll pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
1.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initialty recognised at transaction value and subsequently
measured at their settlement value.
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
l.q2 Critlcal accountlng estlmates and areas of judgement
The preparation of the financial statements requires the Trustees to make judgements, estimates
and assumptions that affect the amounts reported for assets and liabilities as at the Balance Sheet
dale and the amounts reported for revenues and expenses during the year. However the nature of
estimation means that actual outcomes could differ from those estimates. In preparing these
accounts the value of the investment propety has been detemiined by the Trustees based on
infomiation available.
Page 13

ST BARTHOLOMEWS SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Endowment Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Lettings income
Dividends
Interest received
19,631
23,116
2,784
19,631
30,138
2,784
18.280
29,744
998
7,022
Total 2024
7,022
45,531
52,553
49,022
Toial 2023
7,187
41,835
49,022
Exp8nditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment property costs
3,047
3,047
5,389
Total 2024
3,047
3,047
5,389
Page 14

ST BARTHOLOMEW'S SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by actlvltles
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Education
37.561
7.300
44,861
20,967
Total 2024
37,561
7,300
44,861
20,967
Total 2023
13,435
7.532
20,967
Analysis of direct costs
Total
funds
2024
Total
funds
2023
Educatlon
2024
Donation to St Bartholomews School
Newbury-Almshouse Trust
Sundry expenses
37,189
368
37,189
368
12,940
491
Total 2024
37,561
37,561
13,435
The donation to St Bartholomews School comprised of £4.189 for prizes and £33,000 for devices for Y7
students.
Analysis of support costs
Total
funds
2024
Total
funds
2023
Education
2024
Govemance costs
7.300
7,300
7,532
Total 2024
7,300
7,300
7,532
Page 15

ST BARTHOLOMEWS SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Governance costs
2024
2023
Accountancy charges
Indemnity insurance
Clerks fees
Legal and professional
3,780
614
800
2,106
3,600
558
674
2,700
7,300
7,532
Independent examlnerfs remuneration
2024
2023
Fees payable to the Charitys independent examiner for the independent
examination of the Charity's annual accounts
2,100
2,000
Fees payable to the Charitls independent examiner in respect of..
Accountancy services
1,680
1.600
3,780
3,600
Trustees, remuneratlon and expenses
During the Year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the Year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 16

ST BARTHOLOMEW'S SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Tanglble flxed assets
Freehold
property
Cost or valuation
At 1 April 2023
194,204
Al 31 March 2024
194.204
Net book value
At 31 March 2024
194,204
At 31 March 2023
194,204
Land held at 1 April 1996 has been included at the Trustees, estimate of the value as at that date. Land at
York House acquired since that date. and now included within the Main School Site, is included at cost.
The interest in the new schi)ol building, sports facilities, IT and other equipment and frttings was
transferred to St Bartholomews School during the financial year ended 31 March 2021 (see note 19).
Property retalned by the Foundation
Non depreciating assets
Playing fields at Enborne Road
Main School Site
Land north of Fifth Road
Parsons Green Allotments
49,145
110,059
25,000
10,000
194,204
School Land previously known as 'Land at Fifth Road,. 'Land at Yorf( House, and 'Land at Luker stte, has
been amalgamated under the description of 'Main School Site,.
Land previously described as 'WorTnestall site, has been renamed 'Land north of Fifth Road,.
Page 17

ST BARTHOLOMEWS SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Property donated or leased to St BartholomeWs School in September 2011 (see note 18)
Depreciating assets.
New school building
IT equipment
Furniture, fixtures and equipment
Multi use games area and synthetic turf pitch
Sports equipment
35,101,273
931,680
1,191,695
1,810,551
22,301
Total
39,057,500
Investment property
Fre8hold
investment
property
Valuation
At 1 April 2023
750.000
At 31 March 2024
750,000
The last fomial valuation was made by Henwick Properties on 2 February 2022, on an open market value
for existing use basis.
Page 18

ST BARTHOLOMEWS SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Flxed asset Investments
Listed
Investments
Cost or valuation
At 1 April 2023
Additions
Revaluations
859.190
7,022
22,838
At 31 March 2024
889,050
Investments at market value comprlse:
2024
2023
BLK Charities UK Equity Fund
BLK Charities UK Bond Fund
836.566
52,484
805,908
53,282
889,050
859,190
All the fixed asset investments are held in the UK.
11. Debtors
2024
2023
Due wlthln one year
Prepayments and accrued income
213
213
12. Credltors: Amounts falllng due wlthln one year
2024
2023
Accruals and deferred income
3,779
6,973
Page 19

ST BARTHOLOMEW'S SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Statement of funds
Statement of funds - current Year
Balance at
31 March
2024
Balance at 1
April 2023
Gainsl
(Los58s)
Income Expenditure
Unrestricted funds
General funds
Designated funds
212,869
2.987
45,531
{47,908)
161
210,653
2,987
215,856
45.531
(47,908)
161
213,640
Endowment funds
Endowment funds
1.777.033
7.022
22,677
1,806,732
Total of funds
1,992,889
52,553
(47,9081
22,838
2,020,372
The Trustees have designated £2,987 for the improvement and repair of school buildings.
Page 20

ST BARTHOLOMEWS SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13.
statement of funds {continued)
Statement of funds - prior Year
Balance at
31 March
2023
Balance at
1 April 2022
Gainsl
(Losses)
Income Expenditure
Unr8stricted funds
General funds
Designated funds
197,541
2,987
41,835
(26.356)
{151)
212,869
2,987
200.528
41,835
(26,356)
(151)
215,856
Endowment funds
Endowment funds
1,787,550
7,187
(17,704) 1,777,033
Total of funds
1,988,078
49,022
{26,356)
(17,855) 1.992,889
Transfer between funds
Improvements in 2014 and 2015 to the investment property at 4 Buckingham Road which forms part of
the endowment funds were financed from unrestricted funds. The Trustees have agreed that if the
investment propety is sold the cost of these works. which totalled £108,445 over the two years, will be
repaid to the unrestricted fund.
14. Analysis of n8t assets between funds
Analysls of net assets between funds - current period
Endowment Unrestricted
funds
funds
2024
2024
Totsl
funds
2024
Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
174,145
882,587
750,000
20,059
6,463
194,204
889,050
750,000
190,897
13,779)
190,897
<3,779)
Total
1,806,732
213,640
2,020,372
Page 21

ST BARTHOLOMEW'S SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Analysis of n8t assets between funds (continued
Analysls of net assets between funds - prior period
Endowment Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
174,145
852,888
750,000
20,059
6,302
194,204
859,190
750,000
196,468
(6,973)
196,468
(6,973)
Total
1,777,033
215,856
1,992,889
15.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net income for the period (as per Statement of Financial Activities)
27,483
4,811
Adjustments for:
Gainsl(losses) on investments
Dividends, interest5 and rents from investments
(Decrease)Ilncrease in creditors
Decreasel(Increase) in debtors
(22,838)
(52,340)
(3,194)
(213
17,855
(49.022)
4,701
Net cash usod in operating activltles
(51,102)
(21,655)
16. Analysis of cash and cash equivalents
2024
2023
Cash in hand
190,684
196,468
Total cash and cash equivalents
190,684
196,468
Page 22

ST BARTHOLOMEW'S SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17. Analysis of changes in net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
196,468
15,784)
190,684
196.468
(5,784)
190,684
18. Relat8d party transactlons
During the year the Trustees made a donation of £37.189 (2023.. £12,940) from unrestricted funds to St
Bartholomew's School.
19. Long temi lease
On 2 September 2011 the Trustees entered into a 125 year lease at a peppercorn rent with St
Bartholomews School in respect of land and buildings owned by the Foundation and used by the School.
By granting the lease the Trustees have transferred the risks and rewards of ownership of the buildings
and other depreciating assets to the School. These buildings and other depreciating assets as listed in
note 8 were therefore removed from the Balan￿ Sheet. However. the risks and rewards of ownership of
the land remain with the Foundation and therefore the land remains on the Balance Sheet of th&
Foundation.
20. Controlling party
The charity is controlled by its board of Trustees.
Page 23