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$ w￿h 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