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THE ILMINSTER EDUCATIONAL FOUNDATION

ACCOUNTS

for the year ended -

31ST JULY 2023

THE ILMINSTER EDUCATIONAL FOUNDATION

ACCOUNT

for the year ended -

31ST JULY 2023

1-2 Independent Examiners Report
3-7 Trustees Annual Report
8-9 Receipts and Payments Account

Kk ‘ CHARITY COMMISSION Independent examiner's FOR ENGLAND AND WALES report on the accounts

Section A

Independent Examiner’s Report

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Report to themembers trustees!of | 71 |, MINSTER EDUCATIONAL FOUNDATION
On accounts for the year | 31 JULY 2023 Charity
ended (if any)
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Charity no | 310265
(if any)
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| report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 07 / 2023.
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
e accounting records were not kept in accordance with section 130 of the Act or
e the accounts do not accord with the accounting records

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Please delete the words in the brackets if they do not apply.

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Name: | Lorna Cox FCCA, FCA
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Relevant professional |ACCA (Association of Chartered Certified Accountants) and
qualification(s) or body | ICAEW (Institute of Chartered Accountants for England and Wales)
(if any):
Address: |MITCHAMS CHARTERED ACCOUNTANTS
1 CORNHILL, ILMINSTER
SOMERSET TA19 OAD
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IER

October 2018

Section B

Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose.

IER

October 2018

uARTY Trustees’ Annual Report for the period COMMISSION Period start date Period end date t | : a A From 1 AUGUST 2022 To 34 "JULY 2023

Section A Reference and administration details

Charity name THE ILMINSTER EDUCATIONAL FOUNDATION

Registered charity number (if any)| 310265

Charity's principal address | 12 LADYMEADE

ILMINSTER

SOMERSET

Names of the charity trustees who manage the charity

poco Dates acted if not for Name of person (or body) entitled 1 | ROGER SWANN CHAIRMAN |__~~ | ILMINSTER TOWN COUNCIL 5 JONATHAN HENRY CO-OPTED PERRY 3 GORDON STEPHEN GREENFYLDE SCHOOL TWINBERROW 4 NIGEL JOHNSON SWANMEAD SCHOOL CORBETT S[MARIONJEWSON | | CO-OPTED 6 WENDY ELIZABETH SOMERSET MAGISTRATES OUTRAM 7 | LINDA VIJEH | SOMERSET COUNCIL 8 |ROGER ALLEN | NEROCHE SCHOOL 9 | PHILIP CREED Pf C0 OPTED 10 STUART RICHARD ILMINSTER TOWN COUNCIL SHEPHERD 14 | TIM GIBSON Po NEROCHE SCHOOL 12|JOANNASTOBART | || CO-OPTED a A A A OQ Cn A fo 21

TAR

March 2012

Names of the trustees for the charity, if any, (for example, any custodian trustees)

(Name —“‘CSSCCC atte’ acted if not for whole year

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B

Structure, governance and management

Description of the charity’s trusts

Type of governing document CHARITY COMMISSION SCHEME NO 6805 S

How the charity is constituted TRUSTEES

Tustecsalection methods APPOINTEES AND 4 CO-OPTED TRUSTEES

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

e policies and procedures adopted for the induction and training of trustees;
e the charity’s organisational structure and any wider network with which the charity works;
e relationship with any related parties;
e trustees’ consideration of major risks and the system and procedures to manage them.

TAR

March 2012

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Section C
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Objectives and activities

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PROVISION OF BENEFITS TO DESIGNATED SCHOOLS AND PUPILS
charitySummary setof outthe inobjectsits; of the ANDQUALIFICATION STUDENTS CRITERIA.UP TO THE AGE OF 25 WHO MEET THE
governing document
PAYMENT OF GRANTS.
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THE TRUSTEES HAVE REGARD TO THE CHARITY COMMISSION’S GUIDANCE ON PUBLIC BENEFIT. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

GRANTS ARE MADE IN ACCORDANCE WITH STRICT CRITERIA SET OUT IN THE SCHEME. PAYMENT OF STUDENT GRANTS IS CONDITIONAL ON RECEIPT OF WRITTEN EVIDENCE OF SATISFACTORY PURSUIT OF THE GRANTEE’S STUDIES.

You may choose to include further statements, where relevant, about:

e policy on grantmaking;
e policy programme related investment:
e contribution made by volunteers.

TAR

March 2012

Section D

Achievements and performance

Summary ofthemain achievements ofthe charity	£16331.32 PAIDTOSCHOOLS
during the year	£14100.00 PAIDTOSTUDENTS IN HIGHER EDUCATION.
	£5653.30PAIDTOSCHOOLPUPILS.

TAR

March 2012

Section E Financial review

Brief statement of the THE FOUNDATION AIMS TO PAY OUT ALL OR MOST OF THE charity’s policy on reserves INCOME OF THE CURRENT YEAR IN GRANTS. Details of any funds materially NONE in deficit

Further financial review details (Optional information)

You may choose to include additional information, where oer COME FROM PROPERTY RENTALS AND INVESTMENTS relevant about: e the charity’s principal sources of funds (including any fundraising);
e how expenditure has supported the key objectives of the charity;
e investment policy and objectives including any ethical investment policy adopted.

Section F

Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

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ignature(s) Y/) wae (2 > WA _
Full name(s) SUSAN SPURWAY \ | ROGER SWANN
Posi TON ig SSOneealy: an CLERK/SECRETARY CHAIRMAN
Date! 19 02.2024
Vi
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TAR

March 2012

gM tli ed THE ILMINSTER EDUCATIONAL FOUNDATION “a Receipts and payments accounts CC16a For the period To from 01.08.2022 31.07.2023

Section A Receipts and payments Unrestricted Restricted Endowment Total funds Last year funds funds funds ¥ een .OH ISEs to the nearest £ to the nearest £ to the nearest £ to the nearest £ Ai Receipts RENTALINCOME| 5900] | Po L285,900 | TE JOTHER INCOME 28,241] | 25,426 | eeee) | ee 6[oe][ee] ssre /nn :ne 660ol es:ne |ne | neee) | es So ee eeee)ee ns[oe][ee] reeeee i ns: ae Sub total (Gross income for ee |es |ee eee AR) 828 52,476 A2 Asset and investment sales, (see table). a a | ese) | Po eee Sub total] 37,511| Total receipts 90,794 ee | 91,622| A3 Payments es IPROFESSIONALFEES| 13,553] | PL T1355 tz PP 62 SUNDRIES | re | es )ee en) 2 ee rree)ee |nn): 6 ie reee )es |nn © ee eees |es es ©Sc rrrrne |ne2)© ee ee) |ee |een so ee rsee ee) |)eS |Ee be Sub ee |ee. ee) total [= aes| [oe [Se A4 Asset and investment purchases, (see table) nnnINVESTMENT PURCHASES | 32,390 | |[32,390] | a ae ee eo |[Cd] Sub total|___32,300] seas | Net of receipts/(payments) re. |Sea ee ASTransfersbetweenfunds |} {| ET A6 Cash funds last year end | 36,471 Cash funds this yearend|___41,182} |[___——4,246]]] _[~—S_i] 45,428 36,171

Section B Statement	ofassets and liabilities at the end ofthe period	ofassets and liabilities at the end ofthe period	ofassets and liabilities at the end ofthe period	ofassets and liabilities at the end ofthe period
			Unrestricted	Restricted	Endowment
Categorie	Details		funds	funds	funds
			to nearest £	to nearest£	to nearest £
		Totalcash funds	[~_aiaea	{*_azas][*——
	(agree balances	with receipts and payments
		account(s))
			Unrestricted	Restricted	Endowment
			funds	funds	funds
	Details		to nearest£	to nearest £	to nearest£
———
B3 Investment assets	; Details JMFINN&CO -SHARE	SHAREPORTFOLIO	Fundtowhich asset belongs	Cost(optional) P feP
	GREENFYLDE SCHOOL &
	RECREACTION FIELD
	ORCHARD VALE	DOMESTIC SCIENCE
	HUT
	; Details		Fundtowhich assetbelongs	Cost(optional) si	Currentvalue optional
			Fund to which	Amount due	When due
—	; Details liability relates —=—			optional	optional =
Signed by one or two trustees on behalfofall thetrustees	i Sigyature		: PrintName		Date of approval
			JONATHANHENRYPERRY		19.02.2024

2023-07-31-accounts

THE ILMINSTER EDUCATIONAL FOUNDATION

ACCOUNTS

THE ILMINSTER EDUCATIONAL FOUNDATION

ACCOUNT

31ST JULY 2023

CONTENTS

Kk ‘ CHARITY COMMISSION Independent examiner's FOR ENGLAND AND WALES report on the accounts

Section A

Independent Examiner’s Report

Section A Reference and administration details

ILMINSTER

SOMERSET

Names of the charity trustees who manage the charity

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B

Structure, governance and management

Description of the charity’s trusts

Additional governance issues (Optional information)

Objectives and activities

Additional details of objectives and activities (Optional information)

Section E Financial review

Further financial review details (Optional information)

Section F

Other optional information

Section G Declaration

Signed on behalf of the charity’s trustees