KINGS CLIFFE SCHOOL FOUNDATION RECEIPTS & PAYMENfs ACCOUNT FOR THE YEAR EIYDED 30TH SEvfEMBER 2025 LYDEPENDENf EXAl￿NER's REPORT TO THE TRUSTEES OF KINGS CLIFFE SCHOOL FOUNDATION I report on the Receipts and Payments accounts of the Tn￿t for lh¢ y¢ar ended 30th September 2025 which are s¢t out on pages l and 2. Respertive re8pon$ibilitie8 oftrustees Ind examiner Th¢ Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consid¢r that an audit is not requiml for thi5 year under section 144(2) of the Charities Act 2011 (tbe 2011 Act) and that an independent examination is need¢d. li is my responsibility to.. examine the accounts under section 145 of the 201 l A¢t' to follow the pro¢edures laid down in the general Directions given by the Charity Commission under se¢tion 145{5)Ib) of the 2011 Act. and to state wh¢th¢r particular matters h&ve come to my attention. Blsis of independ¢Dt exAminer'$ report My exatnination was carri¢d out in accordanee with the general Dir¢¢tions given by th¢ Charity Commission. An examination includ¢5 a review of the accounting records kept by the charity &nd a comparison of the 2¢¢ounts presented with those record5. li also includes considerntion of any unusual items or disclosures in thc accounts, And s¢¢king explanation5 from you ds trnstc¢s conceming any such matters. The procedures undertaken do not provid¢ all the evidence ihat would be required in an audit and consequ¢ntly no opinion is given as to wh¢ther the accounts present a'tru¢ and f8ir vieW and th¢ report is limited to those matters set out in the statement below. Independent examlner's statement In connection with my examinatio￿ no matt¢r has come to my attention.. (l) which 8ivcs me reasonable Cause to b¢lieve that in any mal¢rial respect the requirements: to keep accounting rccords in accordance with se¢tion 130 of th¢ 2011 Act" and to prepar¢ accounts which accord with the accounting ￿ordS and ¢omply with the a¢￿unting requirements of the 2011 Act hav¢ not been mel or (2) to whicm in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached L JACKLIN Moore ThoTnpson Chartered A¢¢ountan 22 St George's StreeL STAMFORD, LINCS iaNGS CLIFFE SCHOOL FOUNDATION RECEIPTS AND PAYMEwfs ACCOUNTS FOR THE YEAR ENDED 30 SEvfEMBER 2025 2024ns 2023ll4 General Deslgnated Reltricted Fund Fund Fund GeDeral Desigualed Restricted Fund Fund FuDd Receipts Rents: Library House School Ri)om Land Rents Wayleave Dividends- Note 3 Charities deposit interest NAACIF proceeds Transfer from General Fund Transfer from Designated Fund Charity Doi)aÉion 12540 600 3814 118 10808 1847 12540 600 3847 117 10553 1730 530 583 30000 200 59727 530 Totsl receipts 29387 783 Payments Council tLx New Investment Repairs and improvements Insuran Professional f¢es Commission Grants H¢ai Light and Pow¢r Room rental Transfer fcjr Stud¢nt Grants Transfer to GenerdltDesignated Fund Bank charges Subscriptions 557 690 77 1542 6415 1698 1353 657 1494 4694 200 30000 39287 Total payments 10096 2(H40 530 Excess receipts l {payments} Casli at bank and on deposÉt at beginning of year 19291 783 57545 35368 38254 34585 1000 C&sh at bank and on deposit at end of yeaT 77985 35898 iooo 57545 35368 1000 Note.. l} Restrict¢d fund donation is for repairing the tomb of William Law. 21 Designated fund is morley put aside for 5tudeELt 8rants. 3) COIF Inv¢stment Fund C03047148-00 l Dividend of £1 0.552.79 in 2023124 had not yet been received by the year end. The Trustees were in correspondence with CCLA to have funds paid to the new bank alc. This has been received in 2024125. KINf.s CLIVVE KIIOOL FOUNDATION sctIEDUI.V. ASIt15 AS AT joni SF.FfF.MIII.R 2•14 C0￿Co30¢￿4￿OI iffftry1￿ Jh*rts 2025 Vilue £ Jni80 Ll(tyth Il¥ 20970 1141S3 25 Brid￿ Strnrt lknryA Kin&￿1￿¢ IIL7itsE ¢rfl*￿1 c',IDY¢ SA 3R R Iln7w Wilkn* IIA 3X ?Ip OSJIS Ilow¥d frarm WAy5e• Kings Cliffe Almshouse Charity and Endowed School Foundation Chair Report for AGM 5 March 2026 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. There have been some minor repairs undertaken this year including repainting window frames. We have not managed to implement our plan of light touch inspections this year but hopefully we can do so next year. Plans for developing new Almshouses on the site below the existing ones are proceeding, albeit slowly. The Trustees approved the payment for an initial preliminary sketch which has been well received. Thanks to Steven for pursuing this. School House This is still rented to the same tenants and managed by Richardsons. School Room The lease expired in 2024 but the tenants are happy to continue with a rolling tenancy on a yearly basis. Land Rents These are managed by Richardsons. Extensive Clearan￿ was undertaken on the site of the allotments involving removal of a dangerous tree as well as ivy and brambles from the walls. Finances Most of these are referred to in detail in the Treasurers report. However, I would like to mention that the trustees, aim of maintaining £10,000 in each current account has been frustrated by Barclays, behaviour in relurning cheques. Rental Increase Last year we increased did not increase the rent payable by Library House following the advice from Richardsons,. However, the contributions payable by the almshouse residents was increased by 5%. Education Foundation During the year only four grant applications were received. As they were for a wide variety of amounts. the Trustees decided to give each applicant £350 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 (£980.00) and several different wellbeing and mental health Emotional Intelligence scheme 50% of the costs of which Trustees were delighted to support (£3522.00). The repairs to the flat roof and flashing which seem to have been the source of the leaks during the heavy rain in 2023 are still being negotiated by KCEPS and NNC. Charity Objects Registration This issue is still ongoing. After considerable delay, a letter was received from Stone King which raised substantial questions about whether the altered charity structure and change of objects had been properly executed. As Robert Meakin is no longer with the firm, they were uncertain whether the appropriate deed had been drafted, agreed, executed or registered and suggested that the Charities find another firm to undertake the work, at their reasonable expense. After an extensive review of the documents, thanks to the invaluable assistance of the clerk, it seems that the problem may simply be one of registration with the Charities Commission. A letter outlining this was sent to Stone King last year, but we are still awaiting a substantive reply. Thanks I would like to give my thanks to my fellow trustees for their advice and assistance this year. 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.