HENLEY EDUCATIONAL TRUST
ANNUAL REPORT
and
EXAMINED but UNAUDITED ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2022
Charlty Number 309237

HENLEY EDUCATIONAL TRUST
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
INDEX
Pago
Trustee8 Annual Report
Independent Examlnerfs Report
Statement of Finan¢ial Activities
Balanr* Sheet
Notes to the Accounts

HENLEY EDUCATIONAL TRUST
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022
Referenee and Administratlon Informatlon
Trustees..
Covopted Mrs A H6alh (Chairl
Mrs E Hodgkln
Mrs l Morrow
Mrs M Smith
Mts D Wermann
Mrs S Bishop
The Re¢toi of Henley- Revd J C Tayler
The Mayor of Henley- Cllr Mr K Arf8tt lunlil 13105121)
The Mayor of Henley- Cllr Mrs S Miller lfrom 13105121}
Nomlnatlve Mr T Amlson
Cllr Ml88 K Hlnton
Cllr Mrs M Thomas
Ex-offlcio
Clerk-.
Mr8 C Gosby
Règi8tered Offlce..
1A Coldharbour C108e, Henley-on-Thame8, RG9 1QF
Bank-.
Bwdays Bank PLC. 10 Hart Street, Henley-on-Thames RG9 2AX
SOl￿rtOr.
Mercers, SO New Street. Henley-on-Thames. RGg 2BX
Investment Manager.
Mr N McGregor MCSI
Redmayne Benuey LLP, 43 Market Place, Henley-on-Thames RG9 2AA
Property Ad￿Ser..
Mro Qulnn
Simmons & Sons, 32 Bell Street, H•nlw-on-Thames, RG9 2BH
Independent Ex8mSner:
Mr J C R Lawrence-knher FCA
Brulon Charles, The Coach House. Greys Green 8u$ines8 Centffj.
Henley-on-Th8me8, RG9 9 4QG
Charfly Number..
309237

HENLEY EDUCATIONAL TRUST
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 WIRCH 2022
Thé Trustees present their Annual Report and Financial Statements of the Trust for the year ended 31
March 2022. The Financial Stalements have been prepared in accordance with the accounting policies
sel out in Note 110 the accounts and comply with the Charity's Trust Deed, thè Charitiès Act 2011 and
Accounting and Reporting for Charit￿s.. Sl*ement gf Recommended Practice applicable lo charities
preparing their 8tcounls in aceordanee the Finarrial Reporting Stand8rd appllcable in the UK and
Republic of Ireland published in October 2019.
Structure, Governance and Managèment
The Trust is regulated by a Scheme approved by the Secretsry of State for EducatiC￿ and Science
dated 10 November 1 %9, and amended by further Deeds dated 20 February 1981 and 23 June 1983.
By resolLrtion dated 28 March 2011 the name Vfds changed to Henley Educational Trust. The Henley
EdU￿tiOnal Trust has existed in one form or another since 1604 from various endowments, lo provlde
educational support for deserving families in Henley, the provision of special benefits to local schools
and generally promoting Ihg edu¢alion ofyoung per$ons resident in Henley. The Trust does nota¢tivety
fund raise and seeks lo contonue the educational based donations through careful stewardship of ils
existing re80urce8. As such the Trustees believe they comply with the guidance published by the
Charfty Commission wth regard lo Public Benefit. The Trust is based in Henley on Thames.
The body of trustees when complete shall consist of eleven members, of whom six are c￿0P1￿d, tsvo
are ex-officio and three are nomlnaled.. those ex-offi¢io are the Rector and Mayor of Henley on Thame$,
whllst the nomlnaled arè two by Henley Town Council and one by Oxlordshire County Council. The
nominated trustees are appointed for a term of four years. and the co-opted trustees for a period of five
years, after which they may PLrt themselves forward tor re-appointment. Detsils of the arrangomenls
concemlng the appointment of trustees are given in the Deed dated 20 February 1981.
In appolntlng newcowopted trustees. the existing Iru¥tee board consider5 the make up ofthe board and
the skills required and Seeks lo appoint persons for the experience, diversty, empathy and knO￿edge
that they can conlrfbute. The Induction process for any newty appointed Trustee compr18e8 meetings
with the ChaSr of Trustees concefning the Trust purposes, investments, the grant making process and
powers and responsibilities of the trustee board. The Wel￿Me pack in¢ludg$ a brief history of the
Trust and the provision of access lo minutes of trusteè meetings, Trust annual reports and accounts,
the goveming Trust deed. Trust policie5 and procedures and a copy of the Charfty Commi8sion'
guidance'The Essential Trustee.. What ypu need tg know, what you need to do,.
The Trustees met eight time8 1ri the year, and at these meetings they agreed the broad strategy and
areas of activity of thè Trust. includin9 considerallon of grant making, investment, risk management.
policie5 and performance. All Iru$lee$ give of their time freely and no Iru$l¢e remuneration was paid in
the year. Trustees are ￿qUIred lo discl¢)se all relevant interests and withdraw from decislons where
conflict of intere81 arises. The day lo day admln18tration of the Trust Ss delegated to the Clerk. who 18
paid by the Trust. and Is aided as appropriate by Trustoes.
ObJectlv•s and Activities for th8 Public Benefit and Grant Making Policies
The objecllves of the Trust are the promoloon of educational benefit for those under 25 wrthin the town
of Henley on Thames and the parishes ol Blx, Remenham and Rothertleld Greys.
The Trust carries out these objectiVo5 in line wth the requirements of ils Trust Deed.. according to the
prlnclples of the Church of EnglarKI and Its income, after payment of adminislr8lion and management
costs, is applied as follows".
al Section 2812llbl
Not more than one third in tho provision of Special benefits e.g. teaching aids not nomially
provided by a local education authority to schco15 under lhelrjuri5d￿tyon and that are within the
area of benefft
b} Section 2813)
Up to one third In 88si$llng children and persons under the age of 25 who are in noed of flnancial
assistance Sn regard to their education and who meet rgsidential or school attendance

HENLEY EDUCATIONAL TRIIST
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022
ObJ8ctlves, Actlvltlo8 and Grant hl•klng PollGles Icontlnuodl
uiremenl, The grants are for outFrts. fees, travelling expenses et¢ as required in their
advancement of Ilfe.
c) Section 28141
The Iruslees shall appty the remainder of the annual income in promoting the education of
Ghildren and young people in the area as they think fft.
The area of benefit is restricted lo the parishes of Henley, Bix, Remenham and Rolherfield Greys or the
applicants musl ¢urrenlty attend or have attended for a minimum of tsvo y&ars Ihe nominated schools
thin the above areas. Individual applicants musl be under 25 years of age. Full detsils for the
applicallon for grants can be found on Ihe Trust's website al www.henle
educalionaltrust com. The
trustees confim that they have regard to the Charrty Commiss1
n guidance on public benefit when
onsidering how gran15 should bo mado.
The trustee$ have adopted a Grant Giving Policy and procedures for managino grant applications to
ensure grants meet Trust objectives and that each grant application 18 considered in a consi¥lent
manner.
Trusl¢es' R•$pon8lblllti•s in R•lation to tho Flnanclal Stat•mgnts
The charity trustees a￿ responsible for preparing a Irustee8' annual report and financ181 statèments in
8￿rdance with applicable law and United Kingdom Accounting Standards (United Klngdom Generally
Accepted A￿OuntIng Practice).
The law applicable to Charit￿s In England arKI Wales requires th• charity trustees to prepare financial
stslemenls for each year which give a true and fair view of the state of affairs of the charity and ol the
incoming resources and application of resources of the charity for the period. In preparing the financial
statements, the trii8loe$ are required to..
Select Suitable accounting policies and then apply them con8i$tendy',
Observe the methods and princlples in the applicable Charities SORP;
Make judgments and estimates that are reasonable and prudent.,
Slate whether applicable accounting slandaids have been followed, subjettl lo any material
departures that must be disclosed and explained in the financial Statements;
Prepare the financial statements on the golng concern basis unle¥s it is inappropriate to
presume that the eharily will continug in business.
The tru$t¢e5 are responsible for keeping proper accounting record8 that di8cIo8e wth reasonable
accuracy at any lime the financial posillon of the charity and to enable them lo ensure that the financial
statements comply with the Charity Act 2011, the appllcable Charities (Accounts and Reports)
Regulations, and the prowsion¥ oflhe trust deed. They are also responsible for safeguarding the assets
of the charSty and lak(ng reasonable steps for the prevention and detection of fraud and other
irregularib'e$. The trustees are responsiblg for the maintenance and inlegnty of the charity and financial
Infermation included on the charty's website in accordance ￿th legislation in the United Kingdom
governlng the preparation and dissemination of fin8nrAal slatemenls.
Revlew ol thè Year. Progrèas and A¢hlevements
In compliance with Ils objectives. the Twst awarded £16,81212021'. £17.8801 to six ellgible s¢hools in
the provision of special i.e. non-petsonal, benefrts. For one hundred and one deserving individuals
there were grants tolalling £40,39112021.' £15,856>. Further promotion of the education of ¢hildr8n and
young people was aided by the grantin9 of £80,608 12021.. £81,460) for the fundlng of such mattgrs as
faeililaling a counselling servlces across the schools, special acl'vilies of local youth groups, and in
support of tsvo l¢xal schools which have been reclassified as they now receive fvnding from central
government rather than the local authorfty.
All applications meeting appllcation crtteria ond being in line whh the Trn8t's Grant GMng Poll¢y were

HENLEY EDUCATIONAL TRUST
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022
R•viow of the Year, Progro88 and Achiovements (contlnuodl
mel. The number of requests from individuals increased due lo the fact that COVID 19 lockdown
strictions, which ￿ad to the temporary dosure of schools and suspension of enrichment aclivilies,
were lifted during the year.
Flnancial Activitles and Affairs
Gross income in the financial year ended 31 March 2022 amounted lo £137,532 12021., £129,464) of
which £139.561 12021.. £115,446) was used in charitsble purposes. £14,133 12021.. £17,701) was
charged on investment matters, and £6,400 12021.. £6,874) was incurred in governance costs.
Pollclos on R￿erveS, Invo8lm•nts and Rlsk
R￿eryO$
The trustees establish reserve5 at the end of each year as nece88ary to en8ure that fvnd8
remain available lo meet commitments that they have made but not paisj. Reserves are also
set aside lo meet the costs of particular inrtialives. In 2020 the Irusloes were of the opinion that
the current amount of the Income Fund was such that it was probabty appropriate to release
approxlmalely £100,000 In furtherance of the Trust's appioved acts'vitles over the comlng years.
£7,815 was released during ihe year lo support grant-giving at a time of a higher volume of
grant requests.
Investment Policy
The Iruslèes Seek appropriate professional advlce and undertake regular inveglmènt reviews
to ensure that a balancè is kept btheen malntalnlng capltsl values and the 8UStainable
generation of Income. The Trust's aim is lo be able to meet the claims of future applicants in
an equivalent manner to the way rt supports current bèneficiaries.
Exposure to Rlsk
The trustees have reviewed the risk3 faced by the Trust and consider Ihey have implemented
action to mitigate these risks
Each year a detailed review of Investment pollcy is undertaken in conjundion wrth independent
investment aa￿lser Redmayne Bentley LLP. Con$equenWy, there 1$ a portfollo of equities and
fixed interest securities, which is kept under regular review and 1$ subject to appropriate formal
reporting lo and consideration by the trustees.
Additionally, thère is signrficant investment in 8 single proFerty 4thich 18 leased and from whkh
a major source of income is derived. The property is managed In consultation wlh our
professional advisèr Simmcfis and Son$. and it 1$ fvlly insured against Structural damage and
any consequent loss of rent.
Each year the truste08 review the financlal Control procedures.
sU￿ldiary •ndovm)•nts
The tN$tadminislers separate endowments, belng the Brak8pear Prize Fund, from which an annual
grant is made In conlunetlon with the Prindpal, to students at The Henley College, and the Mary Clarke
Music Award, which offer8 SUPPOrt for musical activilies. Durlng the year a grant of £50012021.. £2501
was made from the Brakspear Prize Fund, and a grant of £1.250 12021.. Nil) was made from the Mary
Clarke Music Fund. These endowments are separately invested and accounted for.
Futurn Plan8
The trust plans lo continue the 8Ctlvitles as ouuinod abovo in fvlure years.
Approved by the Tru8tees on 16th January 2023
Signed on behalf of the Board of Trustees
Mrs A Heath (Chair}

## **HENLEY EDUCATIONAL TRUST** 

## **INDEPENDENT EXAMINERS' REPORT** 

## **TO THE TRUSTEES OF THE HENLEY EDUCATIONAL TRUST** 

I report to the charity trustees pm my examination of the accounts of the Trust for the year ended 31 **[s1 ]** March 2022, which are set out on pages 8 to 16. 

## **Respective responsibilities of trustees and examiner** 

As the charity trustees of the Trust you are responsible for the preparation _**of**_ the accounts in accordance with the requirements of the Charities Act 2011 ('the Act') 

I report in respect of my examination of the Trustees' accounts carried out under section 145 _**of**_ the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent Examiner's Statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or, 

2. the accounts do not accord with those records; or, 

3. the accounts do not comply with the applicable requirements concerning the form and content _**of**_ accounts set out in the Charities (Accounts and Reports) Regulations 20078 other than any requirement that the accounts give a 'true and _**fair**_ view' which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK. 

I have no concerns 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. 


J C R Lawrence-Archer - Chartered Accountant 

Firm: Bruton Charles Chartered Accountants The Coach House Greys Green Business Centre Henley-on-Thames Oxfordshire **RG94QG** 

Date: 16[1h ] January 2023 

7 



HENLEY EDUCA TIONAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
InGome Endowm•nt
Fund
Funds
Total
2022
Notg
2021
INCOMING RESOURCES
Rents
Diwdends and Interest
Reimbursement of propety insurance
61.000
75,180
765
61,000
75,767
765
56,750
72,098
616
587
Total Incomlng R•sourc•8
136,945
$87 137.S32
129,464
RESOURCES EXPENDED
Charitable Aclivilies..
Grants payablo in furtherance of objects
137,811
1,750 139,561
115,446
Cost ol Generatlng Funds..
Investment management
Property management
Proporty insurance
13,584
13,584
15,795
1,290
616
540
540
549
13,584 .14.133
17,701
Govemance costs
6,400
6.400
6,874
T¢)tal Resources Expendèd
144,760
15.334 160,094
140,021
Net Outyoing Ro$ourcos
-7,815
-14.747 .22,562
.10.557
Net gain Ilossl on Sale of investments
Net gain Ilossl on revalue of inve$trnenl$
33,650
86,534
33.650
86,534
15,913
289,569
Net Movoment In Fund8
-7,815
105A37
97,622
294,825
Total fvnds brought forward
240,680
3,715,090 3,955,770 3,660.945
TOTAL FUNDS CARRIED FORWARD
232,865
3,820.527 4,053,392 3,955,770
The notgs on pages 10 to 16 form part of these accounts

HENLEY EDUCATIONAL TRUST
BALANCE SHEEr
AS AT 31 MARCH 2022
2022
1021
FIXED ASSETS:
Investments
3,970,440
3,857,179
CURRENT ASSETS.,
Debtors
National Saving8 Inve8lm•nl
Cash al bank & In hand
Vouchers
6,893
42.160
38,147
135
11,003
42,156
51,030
90
87.335
104,279
CURRENT LIABILITIES:
Creditors-.
Amounts falling duo wlhin one year
4,383
5,688
NET CURREMT ASSETS
82,952
98,591
TOTAL ASs￿s LESS CURRENT LIABiunE8
4.053,392
3.955,770
THE FUNDS OF THE CHARITY:
Unrestricted Income Fund
ErKlowment Funds
232,885
3,820,527
240,680
3,715,090
4,OE3,392
3.9S5,770
Signed on behalf of the Board of Trustees
Mrs A Heath (Chair}

HENLEY EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
8•81s of A¢¢ountlng
The accounts lfinancial ststemenlsl have been prepared under the historical cost convention wlh
items recognised at cost or tran$8Ction value unless otherwise slated In the relevant nolelsl to these
account$. The financial 51atemenl8 have been prepared in accordance with Accountsng and
Reporting by Charities.. Statement of Reoommended Practice applicable to Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting
Practice. The Tru8tconstrtutes a public benefit enlily as defined by FRS 102. The Trustees consider
that there ar• no material uncertainties about the Tiu$l's ability to continue as a going concem.
R•Gonclllatlon wSth previous Generally Accopted Accountlng Practic?
In preparin9 thè accounts. the trustees have considered thether in applying the a¢counling policies
required by FRS 102 and the Char￿￿$ SORP FRS 102 A restatement of comparative items was
needed. No reststemenls wer0 required. In Sccordance with the requlrements FRS 102, a
reconcillatlon of opening balances and net incomelexpendilurel for the yèar 18 provided ￿th the net
incomel{expenditure} under previous GAAP adjustgd for the presentation of investment
gainslllosses} as a component of reportod income.
Income recognltlon
All income 18 recognised once the T￿$1 ha3 enlilement to the income, it is probable that the income
will be received an¢J Iho amount of income recelvaUe can be measured reliably.
Donation$ are recognised when the Trust hos been nolffied In writing of both the amount and
setdemenl date. In the event that a donation 1$ subject to conditions that require a level of
perfomiance before the Trust is enlrtled lo the funds. the income is deferred and not recogni8ed until
either those condi(ions are fijlty met. or the fulfilmenl ef thcjse conditions is whdly wllhin the control
of the Trust and it Is probable that those conditions will be fulfi'lled in the reporting period.
Legacy gifts are recognisèd on a case-by-case basis following the granting of probatè when the
adminislralorlexecutor for the e8tate has communicated in writing both the amount and settlèment
d8le. In the event that the gift is in the fom of an asset other than ￿$h or a financial asset traded
on a recognised stock exchange. recognition is subject to the value of the grft being rellably
measurable wth a degree of reasonable accuracy and the trtle to the asset having been transferred
to the Trust.
Interest on funds held on deposit in included when recewable and the amount can be measured
reliably by the Trusl,. this is normally uporb notiflcalion tsf the interest paid or payable by the bank.
Dividends are recognised once the dlvKlen(I has been declared and nolificalion has been received
of the dividend due. Thls18 nomially upon notfficalion by our investment adviser of the dividend
yield of the investment portfolio.
Expèndlture rfjcognltlon
Liabilities are recognised as res￿ree5 expended as soon as there is a legal or ¢on5truGtive
obligation commitling the Trust to the expgnditure. All expenditure 18 accounted for an on accruals
basis and has ken classified Lsnder headings that aggregate all costs related to the catsgory.
Grant8 payablg are payments made to third partieg in the furtherance of the Charitable Objective of
the Trust. Grants are a￿OUnted for when the reciplenl has a reasonable expe¢tstion that they will
receive a grant and the trustees have agreed to pay the grant wlhoul condition. Provisions for
grants are made when the intent￿￿ lo make the grant has been communkaled to the recipient.
io

HENLEY EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES ¢contlnuod}
Irrècoverable VAT
Ifrecoverable VAT is charged against the expènditure headlng for which it 1$ incurred.
Allocatlon of overhead and 8UPPOrt costs
Overhead and support costs have been allocated behveen charhabl• activity and govemance.
Overhead and glJPPOrt costs related lo Charitable Activities have teen apportioned based on the
number of individual grants made.
Govemanco costs
Governance costs comprise all costs involving the public accounl8bllily of the Trust and rts
compliance with regulation and good ptacti¢e. These costs include costs related lo the independent
èxamination and legal fees together with an apportionmerbl of overhead and support costs.
Taxation
The trust is a registered chanty and accordingly is exempt from laxalion on Its income and grants
vknere they are applied for charitable purposes.
Flxgd asset inveBtm•nts
Investments are a form of bas￿ financial instrument and are Initlally recognised at their transactlon
value and subsequentty measured at their lair value at balance 8heel dale using the closed quoted
market price. The ststemenl of financial activities includes the nel gains and losses arislng on
revaluab'on and disposa15 throughout the year. The Trust dogs not acquire pul options, derivatives
or other complex financial Instrument8. The main form of financial risk faced by the Twst 1$ th81 of
volatility In equity markets and investment markets dLre lo wider economic conditions. the attitude of
investors lo investment risk. and changes in senllment concemlng equities and within particular
seGlors or subsgdors.
Depreclatlon
There are no assets for whlch depr￿lation 1$ pmvided.
Reallsed and unr•alised inv•stm•nt gains and I￿Se3
All gains and losses are taken lo the Statement of Financial ActSvities as they arise. Reali8ed gains
and losses are calculated as the difference be￿en sale proceeds and opening market valu? or
purchase cost if later. Unreallsed gains and losses are calculated as the differenee be￿een the
market value at the year end and opening market value. Realised and Un￿alISed gains and1088es
ale separated In the stslemenl for financial activille8.
Sub$ldlary gndo*Thents
The income and expenditure of the Brak¥￿ar Prize Fund and the Mary Clarke Music Award are
dealt with in note 9 to the accounts.
li

HENLEY EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
2. INVESTMENT INCOME
2022
2021
DivKlends and interest:
Dlvidends from UK secudlle8
Interest on fixed interest stock
Interest on COIF deposit funds
Interest on bank and NS&I deposit8
38,002
37,673
88
45,253
26,289
275
301
75.767
72,098
Apporlioned..
8rak8pear Prko Fund
Mary Clarke Music Award
293
289
289
587
578
Income Fund
75,180
71,520
75,767
72.098
3. DIRECT CHARITABLE EXPENDITURE
2022
2021
Grants.. Sectlon 2812)(bl {see note 101
Section 28131 (see note 10)
Sect5￿ 28141 {8ee note 10)
16,812
40,391
80,608
17,880
15,856
81.480
137.811
115,198
Brakspear Prvze Fund l¥ee note 10)
Mary Clarke MusiG Award (see nots 101
500
1,250
250
139,561
11S.446
12

HENLEY EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
GOVERNANCE COSTS
2022
2021
Bank charges
Independent examiner5 fee
Insurance
Office supplies
Salary
Professional lee8- clerk
1.200
578
302
1,200
568
693
1,533
2,880
4,320
6.400
6.874
The Trust ha8 no employees. The Clerk role was carriod out by a self*mployeil $ervKe provider.
S. TRUSTEES REMUNERATION AND RELATED PARTY TRANSACTIONS
No trustee, nor any person connected with them, ￿colved remuneration for their seNicgs as
trustees., any duty authorised expenditure incurred on behalf of the Trust was reimbursed.
Additionally. there have bgen no related party transactions in this accounting year or in the previous
year.
6. DEBTORS
2022
2021
Investment manager re investment income
Intoresl accrued
Property insurance paid in advance
Insurance paid In advance
2,820
3,494
2.237
8,243
145
378
6,893
11,003
7. CREDITORS
2022
2021
Independent Examiner's fee
HMRC
Grants.. Se¢tKJn 28131
Propety insurance receNed
1,200
1,302
1,700
180
1.200
1.302
3.041
145
4,383
5,688
13

HENLEY EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
8. FIXED ASSET INVESTMENTS
All Investments were held in Ihe UK and can be analysed as follows..
Cash
Investment
ro
UK Listed
Investmen
2022
Total
2021
Total
Valuation as 1 April 2021
200,874
875.000
2,781,305 3,857,179 3,592,628
Movement durlng year-
Interest
Invested
Wrthdrawn
9,415
9,415
9.418
334.115 334,115
445.178
-315.052 -316,802 -495,427
15,813
289,569
-1,750
Net gain (loss} on revaluation
86.534
86,534
7,665
105.596 113,261
264.551
Valuation at 31 March 2022
208.539
875.000
2,886.901 3.970,440 3,857,179
Equities
Fued interest and Managed Funds
675,107
2.211.794
876.898
1.904.407
2,886,901
2,781,305
The inve8trnent property 15 1 Market Place12 Duke Street, Henley-orFThames, and the value is the
market value as provided in a report by Mr T B Dunn MRICS. Simmons & Sons. Chartered Surveyors,
32 Bell Street, Henley-onwThames, Oxon, RG9 18H, dated 101h May 2017.
The li$led investment8 Portfolio is oomprised of equities and fixed inlereyt seeurilies as established on
the advice of and in consultation wf(h our independent professional advi8er Mr N McGregor, Redmayne
Bentley LLP, 43 Market Place, Henley.tsn-Thames, RG9 2AA. The portfolio is kept under review and
is subject to annual formal reporting to and consKJeration by the trustees.
14

HENLEY EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
9. MOVEMENTS ON FUNDS
2021
Fund blfwd
2022
Fund clf
Incoming
Resource
Outgoing Transfors Net gain1105sI
resourc6
on investments
Endowm•nt Funds
Periam
3,692,707
Brakspear
11,067
Mary Clarke
11,316
13,584
500
1,250
118.481 3.796,604
851
11,712
851
11,211
293
3,715,090
587
15,334
120,183 3,820,527
Unro8trict•d Funds
Income
240,680
136,945
144,760
232,865
3,955,770
137.533
1p￿.0?4
120,183 4,053,392
PRIOR YEAR
Endo%•miont Funds
Periam
3.390,693
Brakspear
9,344
Mary Clarke
9.343
302,014 3,692,707
1,684
11,067
1,684
11,316
289
289
250
3,409,380
578
250
305,382 3.715,090
Unrgstrictsd Funds
Income
251,565
128,886
139,771
240,880
3.660.94S
129,464
140,021
305,382 3,9S5,770
Pwlam
This fund ha5 exi$tsd in one form or another since 1604 aiising from various endowments. Tho purpose
of the fund 18 to provide income lo..
al prowde Special benefits to local 8chool8
bl prov￿8 needed educational support lo people aged under 25 and restricted to those nomially
residgnl in the Henley area, and
c) generally promoting the education of chiklren and young persong resident in Ihe Henl¢y area.
Brnkspear
Thls prfze fund was donated in 1882 by the late Wlliam Henry Brakspear lo be awarded annualty, on
the recommendation of the Principal, to students attending Thg Henley College.
Mary Clark•
This fund was crèated in 2000 by donations in memory of the late Mary Clark&. The purpose of the
fund is to provide an annual music award at the disuetion of the Trustees.
Income
This fund Is unrestr￿ted and is unallo¢ated m¢Xtie$ arlslng from the Periam Fund invgstmonts.
15

HENLEY EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
10. GRANT DETAILS
2022
2021
Section 2812> (bl- special benefit for schools (see Trustees Report)
Badgemore
Crazies Hill
Nettlebed
Sacred Heart
Trinity
Valley Road
2,394
280
496
3.041
6,601
4,000
2,160
257
513
3.935
6,737
4,278
16.812
17.880
Section 28131- individua18 in need
101 individual grants12021.' 39)
40.391
1S.8S6
Section 28 {41- wlder eduCa￿Onal support
Gillott8 Academy
The Honley College
Honloy Crickftt Club
Henley Sch¢Jols Partnershlp Icoun8elling service}
AFC Henley
Henley Youth Feslwal
19.846
8.240
4.000
45,162
600
2,760
18,140
8,170
55,150
80,808
81,460
Sub-Totsl
Income fvnd (as above)
Brakspear Fund
Mary Cl8rk Award
137.811
500
1.250
115,198
250
Totsl Grants and Awards
139,561
115,446
16