THE ILMINSTER EDUCATIONAL FOUNDATION ACCOUNTS for the year ended - 31ST JULY 2024
THE ILMINSTER EDUCATIONAL FOUNDATION ACCOUNT - for the year ended - 31ST JULY 2024 CONTENTS Independent Examiners Report Trustees Annual Report Receipts and Payments Account
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of THE ILMINSTER EDUCATIONAL FOUNDATION On accounts for the year ended 31 JULY 2024 Charity no (if any} 310265 Set out on pages 8t09 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31107 12024. 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"). I 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, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have 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.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I 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 proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: 05.12.2024 Name: Lorna Cox FCCA, FCA Relevant professional qualification{s) or body (if any): ACCA (Association of Chartered Certified Accountants} and ICAEW (Institute of Chartered Accountants for England and Wales) Address.. MITCHAMS CHARTERED ACCOUNTANTS 1 CORNHILL, ILMINSTER SOMERSET TA19 OAD 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
(HARITY (OMMISSION Trustees. Annual Report for the period Period start date Period end date Year Year 2024 From AUGUST 2023 To 31 JULY Section A Reference and administration details Charity name THE ILMINSTER EDUCATIONAL FOUNDATION Other names charity is known by Registered charity number (if any) 310265 Charity's principal address 12 LADYMEADE ILMINSTER SOMERSET Postcode TA19 OEA Names of the Charity trustees who manage the charity Dates acted if not for whole ear Trustee name Office lif any) Name of person lor body) entitled toa oint trust8e if an ROGER SWANN JONATHAN HENRY PERRY CHAIRMAN CO-OPTED CO-OPTED GORDON STEPHEN TWINBERROW GREENFYLDE SCHOOL NIGEL JOHNSON CORBETT MARIE JEWSON WENDY ELIZABETH OUTRAM SWANMEAD SCHOOL CO-OPTED SOMERSET MAGISTRATES ROGER ALLEN NEROCHE SCHOOL CO-OPTED PHILIP CREED STUART RICHARD SHEPHERD ILMINSTER TOWN COUNCIL 10 TIMOTHY GIBSON JOANNA STOBART NEROCHE SCHOOL CO-OPTED 12 VALERIE KEITCH ILMINSTER TOWN COUNCIL 13 14 15 16 17 18 19 20 TAR March 2012
Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole ear Names and addresses of advisers (Optional information) e of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Section B Structure, overnance and mana ement Description of the charity's trusts CHARITY COMMISSION SCHEME NO 6805 S Type of governing document leg ti'u81 do.ed, constilLJtj{ir, How the charity is constituted TRUSTEES Trustee selection methods leg appoiniea Dy eiec.ieo 1 APPOINTEES AND 4 CO-OPTED TRUSTEES Additional governance issues (Optional information) You may choose to include additional information, where relevant, about.. policies and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider network with which the charity works., relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. TAR March 2012
Section C Ob"ectives and activities PROVISION OF BENEFITS TO DESIGNATED SCHOOLS AND PUPILS AND STUDENTS UP TO THE AGE OF 25 WHO MEET THE QUALIFICATION CRITERIA. Summary of the objects of the charity set out in its governing document PAYMENT OF GRANTS. THE TRUSTEES HAVE REGARD TO THE CHARITY COMMISSION'S GUIDANCE ON PUBLIC BENEFIT. Summary of the main activities undertaken for th8 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 publlc benefit) Additional details of objectlves 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.. policy on grantmaking., policy programme related investment., contribution made by volunteers. TAR March 2012
Section D Achievements and performance Summary of the main achievements of the charity during the year £11956 PAID TO SCHOOLS. £16800 PAID TO STUDENTS IN HIGHER EDUCATION. £13943 PAID TO SCHOOL PUPILS. £175 PARISH GRANTS TAR March 2012
Section E Financial review Brief statement of the charity's policy on reserves THE FOUNDATION AIMS TO PAY OUT ALL OR MOST OF THE INCOME OF THE CURRENT YEAR IN GRANTS. Details of any funds materially in deficit NONE Further financial review details (Optional information) You may choose to include additional information, where relevant about.. the charity's principal sources of funds (including any fundraising); how expenditure has supported the key objectives of the charity., investment policy and objectives including any ethical investment policy adopted. FUNDS COME FROM PROPERTY RENTALS AND INVESTMENTS ONLY. 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 Signaturels) Full name(s) Position (eg Secretary, Chair, etc) SUSAN SPURWAY ROGER SWANN CLERKISECRETARY CHAIRMAN Date 05.12.2024 TAR March 2012
CHARITY COMMISSION FOR ENGIANO AND WALES THE ILMINSTER EDUCATIONAL FOUNDATION 310265 Receipts and payments accounts CC16a For the perlod from To 01.08.2023 31.07.2024 Section A Receipts and payments Unrestrlcted funds to the nearest Restricted funds Endowment funds Total tunds Last year to the near•st £ to the n&arast £ to thè nearèst £ to tho nearest £ A1 Recelpts RENTAL INCOME INVESTMENT INCOME OTHER INCOME 27,050 29,012 27,050 29,846 25.900 28.211 834 Sub total ( mss income or AR) A2 Assèt and Inve8tm6nt 8ale8, (see table). INVESTMENT SALES 56,062 834 56,896 54,111 90,937 90,937 37,511 Sub total 90,937 90,937 37,511 Total receipts 146,999 834 147,833 91,622 A3 Pa ment8 GRANTS PROFESSIONAL FEES SUNDRIES 42,642 12,933 185 232 42,874 12,933 185 36,260 13,S53 162 Sub total 55,760 232 55,992 49,975 A4 Asset and Investment urchases, see table INVESTMENT PURCHASES 86,542 88,542 32,390 Sub total 86,542 86,542 32,390 Total payments 142,302 232 142,534 82,365 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 4,697 602 5,299 9,257 41,182 45,879 4,246 4,848 45.428 50,727 36,171 45.428
Section B Ststement of assets and liabilities at the end of the period Unrestricted funds to nearest £ Restricted funds to nearest £ Endowment funds to nearest £ Categories Details B1 Cash funds NATWEST CURRENT AIC 447 9.551 NATWEST SAVINGS AIC 47,959 12,038 J M FINN & CO DEPOSIT AIG 1.640 2.361 J M FINN & CO CURRENT AIC Total cash funds 45,879 4,848 la9roe bolanGe$ wh reGelpls #nd paym&nls 8ccounll511 Unrastrlcted funds to n&arost £ Restrlcted fund8 to nèarèst £ Endowment funds to nèarest £ Detalls Fund to whlch )s$et belon Details J M FINN & CO- SHARE PORTFOLIO Cojt loptlonall Current valu• tional 83 Investment assets COIF CHARITY FUNDS M&G SECURITIES- CHARIFUND GREENFYLDE SCHOOL & RECREACTION FIELD PLAYING FIELDS- CANAL WALK ORCHARD VALE DOMESTIC SCIENCE HUT GRASS- COURT BARTON Fund to whlch asset belon Cost loptlonall Currgnt valuè tlonal Details B4 Assets retalned for the charity's own use Fund to whlch relatas Amount due tional Whèn du• tional Details B5 Liabiliti88 Signed by one or two trustees on behalf of all the Iruslees Signature Print Name Date of roval JONATHAN HENRY PERRY 05.12,2024