KINGS CLIFFE SCHOOL FOUNDATION TH RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2023124 2022123 General Designated Restricted Fund Fund Fund General Designated Restrlcted Fund Fund Fund Receipts Rents: Library House Scliool Room Land Rents Wayleave Dividends- Note 3 Charities deposit interest NAACIF proceeds Transfer from General Fund Transfer from Designated Fund Charity Donation 12540 600 3847 117 10553 1730 10450 600 3859 113 10472 1149 583 342 2400 29387 783 Total receipts 26643 2742 Payments Council tax New Investment Repair5 and iinprovements Insurance Professional fees Commission Grallts Heat. Light and Power Room rental Transfer for Student Grants Transfer lo GenerallDesignated Fund Postages Subscription5 1698 1353 657 1494 4694 7794 301 1337 3105 200 40 10096 Total payments 16909 783 Excess receipts l (payinents) Cash at bank and on deposit at beginning of year 9734 2742 38?54 34585 1000 ?85•0 31843 1000 Casli at bank and on deposit at end of year -$7545 35368 1000 38254 34585 1000 Note: l ) Restricted fund donation is for repairing the toimb of William Law. -) Designated fund is iDoney put asidc for student grants. 3) COIF Investinent Fund C03047148-00 l Dividend of £10.552.79 in 20231?4 has not yet been ￿¢¢Ived. The Trustees are in correspondence with CCLA to have funds paid to the new bank a/¢. Kiyf.s CUSTrY SClK>OL FaVlh7IATION SCHEDULE OF AS Af30Th sEvrEMB￿ 2024 C(JlTrp C03O4714&UII Fund 1.83 sluKs 2Q24 Value £ 391IW7 36741 coir D•ii Colll (Srnnts U¢¢(wnl 11770 Debtor. COIF cn301714WI FUNI Divthn4- Nffj¢ 3 10553 93913 73839 20074 93913 Prnptrty "J ljfidse 2ilr¢c¢ aThd11(wy AJL¥ry Old SdJdxA Ilth)m 27 Bi¥d8e Slrcd KwplIlTe FIttitsRe fr-xld bLvI 5A JR 30p 05207 X H¢vyffl fri¢kl Willpw 18A 3R 21 p 0$315 IIov&uI144rn1 B￿xt￿ CkwOS249 Nexll W•yka Ik ulxwe by KCL & Fl Trk&ty Cl￿[1[￿ lJd - INDEPENDENT EXAMINER?S REPORT TO THE TRUSTEES OF KINGS CLIFFE SCHOOL FOUNDATION I report on the Reo¢ipts and Paymeiits accounts of the Trust for the year ended 30 September 2024 which are set out on pages l and ? Respective responsibilities of trustees and examiner Tlie cliarity's trustees are responsible for the preparatioii of the accounts. Tlie charity's trustees consider that an audit is nor required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and tliat an independeiit exainination is needed. It is my responsibility to,. examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in tlie general Directions giv¢n by the Charity Commissioii under section 145(5)(b) of tlie 201 l Act. and to state whether particular matters have come to my attention. Basis of independent examiner's report My e.Kam inatioii was ¢arried out in accordaiice with the general Directions given by tlie Charity Cominissioi?. An examination includes a review of the accouiiting records kept by the charity and a comparison of the accounts presented with tliose records. It also i11cludes considerdtion of any unusual items or disclosures in tlie accounts, and seekiiig explanations from you as trustees concerning any sucli matters. Tlie procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether tl)e accounts present a 'true and fair view 8nd the report is limited to those matters set out in the stateinent below. Independent examiner's statement In coniiectioii with Iny examination, no iTJatter has come to Tny atteiition.. (l) which gives rne reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance witli section 130 of the 2011 Act- and to prepare accounts which accord with the accounting records aiid coinply with th¢ accounting requirements of the ?01 l Act have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached MICHAEL JACKLIN Moore Thompson Chartered Accountant5, 22 St George s Street, STAMFORD. LINCS Dated: 31LILts" Kings Cliffe Almshouse Charity and Endowed School Foundation th Chair Report for AGM 25 March 2025 Welcome to all and heartfelt thanks to all for their commitment to running these charities. Almshouses The tenants of the Almshouses have remained the same this year. School House This is still rented to the same tenants and managed by Richardsons. Land Rents These are managed by Richardsons. The new Lease for the land under the railway bridge has been negotiated. Finances These are referred to in detail in the Treasurers report. Rental Increase Last year we increased the rent I contributions payable by 10 % following the advice from Richardsons,. The leases for the Land rents have been recently renegotiated and the rental payable is now set. Education Foundation During the year fifteen grant applications were received. As they were for a wide variety of amounts, the Trustees decided to give each applicant £300 and these were paid out online using the Lloyd's account. KCEPS had applied to the Foundation for support for the Year 6 trip coach and a mental health Emotional Intelligence scheme which Trustees were delighted to support. The reason for the damage caused by the heavy rain in 2023 is still being investigated. Thanks I would like to give my thanks to my fellow trustees for their advice and assistance this year. It has been a pleasure to welcome two new trustees, Anna Meadows and Anne Wesley. However, nothing would be possible without the dedication of our Clerk Reggie. I would like to thank her for her advice, assistance and willingness to deal with every situation.