# THE ILMINSTER EDUCATIONAL FOUNDATION 

## ACCOUNTS 

- for the year ended - 

31ST JULY 2023 



## THE ILMINSTER EDUCATIONAL FOUNDATION 

## ACCOUNT 

- for the year ended - 

## 31ST JULY 2023 

## CONTENTS 

- 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<br>On accounts for the year | 31 JULY 2023 Charity<br>ended (if any)<br>**----- End of picture text -----**<br>



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Charity no | 310265<br>(if any)<br>**----- End of picture text -----**<br>


   - | 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<br>**----- End of picture text -----**<br>



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Relevant professional |ACCA (Association of Chartered Certified Accountants) and<br>qualification(s) or body | ICAEW (Institute of Chartered Accountants for England and Wales)<br>(if any):<br>Address: |MITCHAMS CHARTERED ACCOUNTANTS<br>1 CORNHILL, ILMINSTER<br>SOMERSET TA19 OAD<br>**----- End of picture text -----**<br>


IER 

1 

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 

2 

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 

3 

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. 

4 

TAR 

March 2012 




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Section C<br>**----- End of picture text -----**<br>


## Objectives and activities 


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PROVISION OF BENEFITS TO DESIGNATED SCHOOLS AND PUPILS<br>charitySummary setof outthe inobjectsits; of the ANDQUALIFICATION STUDENTS CRITERIA.UP TO THE AGE OF 25 WHO MEET THE<br>governing document<br>PAYMENT OF GRANTS.<br>**----- End of picture text -----**<br>


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. 

5 

TAR 

March 2012 



Section D 

Achievements and performance 

|Summary ofthemain<br>achievements ofthe charity|£16331.32 PAIDTOSCHOOLS|
|---|---|
|during the year|£14100.00 PAIDTOSTUDENTS IN HIGHER EDUCATION.|
||£5653.30PAIDTOSCHOOLPUPILS.|



6 

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 _<br>Full name(s) SUSAN SPURWAY \ | ROGER SWANN<br>Posi TON ig SSOneealy: an CLERK/SECRETARY CHAIRMAN<br>Date! 19 02.2024<br>Vi<br>**----- End of picture text -----**<br>


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 

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|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|;<br>Details<br>JMFINN&CO -SHARE|SHAREPORTFOLIO|Fundtowhich<br>asset belongs|Cost(optional)<br>P<br>feP||Currentvalue<br>optional<br>P||
||GREENFYLDE SCHOOL &|||||
||RECREACTION FIELD|||||
||ORCHARD VALE|DOMESTIC SCIENCE||||
||HUT|||||
||;<br>Details||Fundtowhich<br>assetbelongs|Cost(optional)<br>si|Currentvalue<br>optional|
||||Fund to which|Amount due|When due|
|—|;<br>Details<br>liability<br>relates<br> —=—|||optional|optional<br>=|
|Signed by one or two trustees on<br>behalfofall thetrustees|i<br>Sigyature||:<br>PrintName||Date of<br>approval|
||||JONATHANHENRYPERRY||19.02.2024|



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