Charity No. 310815
CHELMSFORD EDUCATIONAL FOUNDATION
TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2024
SPENCER FELLOWS & CO
Chartered Accountants
169 New London Road
Chelmsford CM2 OAE

CHELMSFORD EDUCATIONAL FOUNDATION
TRUSTEES, REPORT
YEAR ENDED 31 December 2024
The Chelmsford Educats"onal Foundation Icharity Re8iStration No 3108151 was oriBlnally fun(led from the pro￿edS of the Sale of the 8ritish School
(latterly the Frlars, School) and 15 governed by a scheme established by the Char5ty Commlssioners in 1968 as slnce amended, most recently in 1995
(the scheme). The Foundation's officlal addiess is 19 Rushleydale, Chelmsford, Essex. CMI 6JX. The Secretary of the Foundation Is Mr R Emsden.
The Foundatlon's objects are detsiled in the scheme and may be summarlsed as being to apply the net yearly income of the Foundatton in the
promotion of education withln the 8eographical area prescrlbed by the scheme,. Including particularly to provide at any sch¢xil beneflt which Is not
provided from publlc monles; to promote by means of grants the education of persons resldent In or who have been pupils at a school or sixlh form
college In the said area who In the Tru5tees' oplnlon are in need of financial assistance,. and to make giants to chaiit3ble 018anlsations In the said
area, the objects of whl¢h include promotion of education of persons In need of hnancial assistance. The area of beneflt Is the formér Chelmsford
Munlclpal 8orough and Chelmsford Ruial Distrirt ènd the civll parishes of Ingatestone, Fryernlng and Mountnessin8.
The Trustees, capital Is an endowment to be Invested to produce f￿￿re income, thereby allowln8 payments of 8rant to be malntained ift ￿al terms
In future years. The accounts also Sdèntify aecumulated Income which Is requlred toen5ure an adequate cashflow to fund Brant payments and 8eneral
expendlture pending receipt of further income from the endowmert
CEF hold5 sufficient reservestocover the budgefrd paymentsthroughout the forthcomin8year. Thè8fants bud8etfortheyear Is made wlth reference
to the reserves held and anticipated investment Income. Investment income is recelved quarterly and as such reserves are revtewed to ensure there
are always sufficient funds to cover payments. The reserves are revlewed annualty and at 31 December 2024 the charlty had £66,116 In unrestrScted
funds and £1,096,979 In Its endowment fund.
The Trustees achieve the oblects of the Foundation by meeting three times in the year, to rèvlew pollcles. In¢ludin8 the re¢rultment and tralnlng of
new tru5tee5, and to consider appllcations tor and to authorise Èrants in one or more of the said cate8orles. The trustees consider the guidance on
publlc benefit issued by the Charlty Commission when agieein8 or decllnin8 each grant during tru5tees' meetln8s. DurlnB the year grants totallin8
£20,500 were awarded to 14 personal appllcants.
Pursuant to the Statement of Recommended Practice.. Accountln8 and Reportlng by Charitie5. publlshed in March 2005, the Foundatlon has elected
to prepare only a recelpts and payments account and a statement of assets and liabllitie5.
Names of Trustees,,
Mrs Jackle Arnot
Mrs janet Chaplin
Mr Paul Church
Mr5 Pamela Fltch
Cllr Mlke MackTOry (Essex County Counclll from 23105124
Cllr Julla FTa5cona (Chelmsford Clty Countill
Mr Peter Vicary to 24106124
Mr John Burrow
MrsGwen Hudson
Mr Peter S jackson
Cllr Sue Young (Chelmsford aty Counclll
Mr Graham Seelev
Mrs Liz Ahmed
Signed Peter Jackson (Chairman)
Date..
28 April 2025

INDEPENDENT EXAMINEWS REPORT TO THE TRUSTEES OF CHELMSFORD EDUCATIONAL FOUNDATION
I report on the accounts of the charity (registered number 310815) forthe year ended 31 December 2024 which are Set out on
pages 3 to 5.
Res
ective res
onsibilities of trustees and examiner
The charlty's trustees are responsible for the preparatlon of the accounts. The charity'5 trustees conslder that an audit is not
required for this year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an independent examination is
needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the Beneral directions given by the Charity Commission under sertlon 14515llbl of the
2011 Act,. and
state whether partl¢ular matter5 have come to my attentlon.
Is of Snde
end nt examlner's r
ort
My examination was carried out in accordance with the general dlrections 8lven by the Charlty Commlsslon. An examlnation
Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.
It also includes consideratlon of any unusual items or disclosures in the accounts, and seekin8 explanations from you as trustees
concernin8 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit
and consequently no oplnion is glven as to whether the accounts present a "true and fair vlevf and the report is limited to those
m4tters set out in the statement below.
endent ex
mlner's
temen
In connectlon with my examlnation. no matter has come to my attention..
which 8ives me reasonable cause to believe that. in any materlal respert. the requlrements:
to keep accounting record5 In accordance with section 130 of the 2011 Act,, and
to prepare accounts which accord with the accounting record5 and comply with the accounting requirements of the 2011
Act
have not been met; or
reached.
to which, in my opinion, attention should be drawn in order to enable a proper understandin8 of the accounts to be
R.J. Harman FCA
For and on behall of Spencer Fellows & Co
Chartered Accountants
169 New London Road
Chelmsford
Essex CM2 OAE
Date.. 29 April 2025

CHELMSFORD EDUCATIONAL FOUNDATION
RECEIPTS AND PAYMENTS Accoumf FOR THE YEAR ENDED 31" DECEMBER 2024
Unrestrirted Restricted Endowment
fund
fund
fund
TOTAL
2024
2023
Re￿IPtS
Investment i ncome
I nterest received
29.840 '
2.612
150
29.840
29,406
1.963
2,612
Other income
150
Total re￿ipts
32.602
32,602
31,369
Payments
Grants
20.500
3,310
300
22,140
3,012
300
Secretary's fee
Accounta ncy fee
Secretsry'5 expense5 a nd ststionery
Secreta ry office a Ilowance
Use of premises
I nsurance
3.310
300
49,
49
39
240
240
240
560
560
520
244
244
195
Bank charges
. Dats protectlon fee
'Other expenses
60
60
38
35
35
35
162
Total payments
25,298
25,298
26,681
. Net of recelpts/(paymentsl
7,304
7,304
4,688
Cash funds at 1st Januarv
58,812
58,812
54,124
',Cash funds at 31st December
66,116
66,116
58,812

CHELMSFORD EDUCATIONAL FOUNDATION
STATEMETrtr OF ASSETS AND LIABIUTIES AS AT 31" DECEMBER 2024
Note
2024
20231
Cash funds
Nat West plc Current account
Nat West plc Deposit account
CAF Bank Current account
CAF Bank Deposit account
COIF Depositaccount
500
735
1,323
1,007
64,374 1
52,534
Total cash balances
66,116
58,812
Investment assets
Investments at market value
1,096,979
1,072,674
Total assets
1,163,095
1,131,486
Funds
Accumulated Income fund
Endowment fund
66,116
1.096,979
58,812
1,072,674
Total funds
1.163.095
1.131.486
Approved by the trustees on 28 April 2025 and si8ned on their behalf by:
Trustee IChalrman}
Peter Jackson
Trustee
Paul Church

CHELMSFORD EDUCATIONAL FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31" DECEMBER 2024
NOTE l- Investments and income
Holdlng at 01.01.24
Cost
Holdingat 31.12.Z4
Income
Unlts
Market Value
Cost
Cost
Mark•t Value
Total
Unlt
Total
Unlt
Total
Unlt
Total
Unlt
2024
2023
COIF Charlty
Funds
Investment
fvnd
Short
duratlon
bond fund•
633,844 1,233 1.063,594 1,985
633.844 1.233
1,087,621 2.029
29.606
29.199
53,595.06
10,000
131
9,080
122
10,000
131
9,358
126
234
208
7,423.35
Total
643,844
1,072.674
643.844
1,096.979
29.840
29,407
* formerly Fixed Interestfund
NOTE 2- Grant5 pald in the year ended 31 December 2024
A total of 14 8rants were made totalling £20,500, an average of £1,464. Individual grant5 awarded were between £700
and £2,500. One cheque valued at £1,000 for a grant awarded last year was cancelled.
NOTE 3 - Analysis of net assets between fund5
Unrestrlrted Restrirted Endowment
funds
fund5
funds
Total.
.Cash balances
66,116
66,116
1,096,979
' Investments
1,096,979
'Total
66,116
1,096,979 1,163,095