NAL FFJRUARY 2023 MOORE GREEN SUDBURY SUFFOLK
28 FEBRUARY 2023 Statejnentof Trust$. Resp)n]litieS Statementof FJnaDcial Activities BAlall Sheet 9-14 Rqlortof tbe Auditors 15-18
Mrs S Thurgate (Cbw) Cllr C Sithlall (Vice Chair) J Bai]ey MrJ Hay¢s Cllr D Hume (fkttlsed Fthruary 2023) MrR James (Resiglledjuly 2022) MrJMu MrA Shel Cllr J Patish C]]r G Courtauld Mrs lbank Mrs C Sterlitig (ApkKYllted Novemlxr 2ry22) AtiDfmRS 22 Friars Street Suffo]k COIO 2AA Le4cester LB87 2BB 8 Stjames's Square SWIY 4JU
REPORT OF THE TRUSIEES FEBRUARY 2 ended 28 February 2(123. The financial statements have beett prepared in #ced with the accounttng po]icÉes set out in note I to the xcounts aud comply with the charity's trust d¢ed. the Charities Act 2011 and AccThmting al Reporting by Chatities: Stst•nent of Re¢oMtded Practice appli¢able in th¢ UKandR¢public of tr]an CONSTrrtrrIoN The Charity vlas COti#ituted on 31 July 1975 aud 18 governed by a definitiv¢ Trnst Deed and Rulas Th¢Thl]S regirtered as a Charity. undernumber 310859. The pun)ose of the Cbarity 18 to provid¢ grallts for the furtherw of the education of LO children inveslrnents are be]d for capital grovrth and to prowde ad¢quAt¢ iticomtt to cover educatiotlll 8rattts. They have been acquired in accordance with the powers available to Thtstees. The Cbatity has adequate assets to meet Commitrttents to benefi¢i4tie$. Th¢r have beeli no cbanges tr) these po]icie5 dwing the year. Tr Clty has achieved its Ofy¢1ve of (bstributing edu1Thl grants usin8 ORGANTSATIONALSTRucfuRE 1b¢ Charity's day to day &ffaix$ are man&ged by the Clerk to the Ththes. ReguiarTru&ees' me£ting8 are Irldatwhich decitsotis &Te t&ken by maTr)rity vot The r¢sultsforthe year are Set wiill the stateroert of financial tivItieS onpage 7. The policy of the Charity is to dtstribute the maximlrn atnount of income pothle to its benefici2rffies whil rttogntsing that only incx)me can be distriFMted - not capitsl. The Unrestric*d from wbicb distrilmrtions aTr made. Iw increased durAng year and hos a ba]allco of £25.256 at the of
ARY 20 the 202V23 finatjcial year- a 8ignificart increase compared totkn pEgviou5 year. Thi5 15 maTlY due to an iDcre48e inthe CbaTity'S 18] medianwkelillg efforts. The Cbarity cwt1 to fAY)vide funding trtr I( Kh18 to support stlld. with £l.(NJO grantrd towards music insttumeDts and an Att5 Awart and the extrA.¢urricuJar enrichment Per Capita grant aUocatiODS totsllin8£13.0Tr). We a]so awarded £2.IW9 towards stiitable Erojeas that y(Mmg pe<ole with their educational ¥tivitie& and £llJ(Kl to stwleDts towsrds the costs &8socAa*d with their university atidi in parcels of £200 for wthgraduotr awards and £100 for p0SWadte awards - an InCree of £4.669 on the The Cbarlty's inves1ll in(xwie CeiVed for 21J22113 was better11n expectol at £41,669 and thost t the Charity's statsl ille T][ellnL This bas meant thar the Cbarity not needed to utili8e Its distsilxTtable during theyear. fullding to ensutt the Charity's continued lon8.teDll vi8bi]ity. Thereserves of the chlty stand at £1.233. (2021: £1.3(rfX727). Tr pD]i¢y of thB thity is to distritth the maximum amount of incollie possible to its beneficILes. Howevex. from 2011 to t]at& a roLkng amount of £IO.O(Kl is se¢ aside in the budgei to cover pknlitional operatirn8 expenses. Following gUidae Te£etYed from the Charity commissio thB r¢s¢rYes of the Charity are 8¢parnl between those relattng to the Charity's petmallent endowJDeut al those Conltting the a¢U1 excess of income over eXEilure.
REPORT OF THE TRusfELS {CONnNUED) YEARENDED 28 FEBRUARY 2014 TrUSTEES Th¢ Fad8 Colue and Ha]stead FAU¢10al Cknity 15 bound by its constitirtion when appoilltsng Thte¢S (8cbetDe da1 31 July 1975 4mended by rew110n dat} 5 Febw Th)18. as OD 6 Febnjary 2023). The Board is comprised of 13 mem1[S. ]Dade up of 5 CTroptalive alld 8 NoD]InVe Ttustees. The following organisiOnS nominate ¢gttdid8tes to serve Bs aTrustee for atsnn of 4 years: I by the cr1[ of A]moners of allist's Hospitsi i by Fads Cokne ParAth cOnl I by HStead Town Courtcil I byThe R8llL8ey Academy I by He(bngb8m School alld I Prin) School He4d*a¢h¢rfrom the Charity's 'area of ben¢fJt'. Wbenevera Nominative1U9tee vacattcy aris&% Tr)tiee of the vac4ncy sbCrtd be given to the proper appointing br#ly as soon p)ssible. There are 5 c0P$ative Tr p)sitions, whtch all have a tenn of 5 ye4rs. Qboptstsve Th ghouid be iDdividuBl& wkn. either through ffsiden occupatiofy ejnployment or other speciabst knowled84 h&ve a special undeThtanding of the Charity's rn of benefit (catchment 8rea). OD¢e nomiDated each candidate is then sent a letttr of app)intstient and is requested to Si8ll O Acceptance of Office at thexr first Boanl This 1$ a siglled 41¢¢larntion affinDing their a¢¢¢p&DC¢ of. and wtllingn¢ss to act ill accordan¢e with. the trust laid out within the cotitUtiO ThteeS a atso requested to Complete a Dedatation of Interests forn] and supply their date of birth.
REPORT OF TRUSTEES (CONTINUED) YEAR ENDED 28 Tr chatity's Board Mejnbers sball C¢ to eThe$. ff.. Try remain absentftom all meetings of the Board during a Pil1 of one year. They ate adjud8ed to be tonkniEL They are whollyincapacRt2ted through he81th. They notify the BoHrd in wziting of their Vlisb to r¢&ig PR]NCTrAL 0FCE The prinupal office of the ChaTity is: Halst¢ad 8ex C09 2DQ -2bJLLKJE 2023 and signed OD theii ial£ by: MTS V B[Wrnitt ae
YEAR ENDED 28 FEBR ARY The chatity tnx4tees are respoxgible for prqtrng a tsu8tees' annual ryort and financial statements in 8¢¢ordxnce WAth app]icable law atsd UtiitEd Ifjn8dom Accoutiting Standards (United Kingthjm The law applicable to charities in E¥Lgland and Wgles require5 tbe cTrthtity Itustees to pyepire. financial &atsments for each yearwhi¢h give a and fair view of the State of affaits of the cbatity. gttd of the inwning resources and application of r¢s(Auce4 of the cbarity for that period Jn sele¢¢ suitabk a¢coutiting po]icies and apply them consistently. slate whether applicable accouTth8 standards have been followed subject to any mtsial depBrtiires disdosed and explained in the flljaacial statemetLts. and whether the fillaucial statemeots have been prepared in accordance with the Statement of RecOmllded Practice. Acc(MJntiDg by altIeS issued by the Charity commissi and The Tntstees are responsible for kwxng proper OUnting records that disclose with reasonable accuracy at aDy tirne the fmancial position of the cl]arity and kn enable them to e8re that the fancIal state comply with the Charities Act 2011. the applicable Cbaritses (Accounts and Reports) Regulations, and the provisions ofthe Tn deeL They 8Te 81so responsible for safe8wding the of the clwity tsking re&gonable steps for the ptevention and detection of fraud and other irregularities. The t[steeS ale TesKM)nsible for them81nteCe and irLtwity of clwity alld financial itiforn)ation included on th¢ charity's website iti Cdan¢# V+7th le8is]atioti in the Utiited IGngd(xn 8overnitig the pr¢parnti¢)n and dissemijjation of fiDaucial sthtements.
2022 4169 41.669 38.328 Donatio 30.784 30.784 28.501 9.420 8.155 17575 17,856 IA65 18.155) (6.690) (7.029) (31.ll5) 131325) 15.660 (2&4041 (28.404) 24,381 16¥W) (66919) 33012 AS AT I W(]12022 127 AS AT 28 FEBRUARY 20Y3
EBRUARY 21ll 2023 FIXEDASSETS Computer Equlpment INVEsfMENTS 1.208.324 1208.324 1.244.112 CURRENT ASSETS Debtors CashatFank Cash held by Kleinwort Hambros 27,167 3.257 2?.167 3.485 228 36.936 CREDITORS.. AMOUNTSFAILING DUEWITHIN ONEYEAR 5.170 5.170 5.170 NETCURRENT A&SErs Z5.256 1208.552 1233,808 1,300.727 FUNDS Unrestricted Income Fund 25,256 25,256 23.791 Restrlcted Fund 1.208552 1208.552 L276.936 25256 1208.SSZ I.Z33W08 IJOO,727 These tlnanclalstatements wereapproved by the Thistees on 26. June 2023 Mr5 SThutEate chaIrpeOn Mr5 V Brummttt Clerk
FEBRUAR ACCOU]ng convention The flltallcial statemeDts have been prepated in acLy)rd0n the Sthtrment of Rewm Financial RepottiDg Standard applicable in the UK and Retwbiic of Ere]2nd (FRS I1) and Charitie8 Act 2011. Earls Colne and Halstead FduCatiOn Cbarity meets the definiiion of a pub]ic ]iabi]ity entity utthr FRSI(r2. Assets attd liabi]iti att initsally recognised at historic81 Lykqt or traL8action value UDles& otberww stated itt the televont a¢cowittng policy nS). loves¢tllentincome Dividend9, interest weivable atxl any associated tax credit are reixjwllsed by reference to the d8te Inv&ytments are at Rwket value. Any utjrealised 8aiDs or losses are included in the Statellwlt of Fman(x81 Adivitie& Only when an inv¢5tm¢nt is wholly 501d 15 th¢ or loss shown RS rea]ised. The Unrestricted Fllljd represents accuJnu12ted surplus of income wllllst The Restrii#ed Fund Yepresents the charity's r*rnwient endoWnIrt fimd, against which certain co8 0tablY fundmanagers. ftts, can i cbarge The Unsld fwid i8 only available for the general purposes of the cFwity as set out in the goveming d(ument althe Trustees are ftee to U8e thxs fimd forany of the charkty'8 PiJrpoge& Computer eqUipMt 25% redXllg
io EDUCATIONAL CHA ¥. ARY 20 Realised gains and losses All gains and losw are taken to the StateADent of Fitiall¢ial Activities as they arise. Reajised gains and losses on iDvesttneDts are (alcul*ed as th¢ d1fven between sa]es procttds and their opening Callying value or their purc]M¢ valu¢ if a¢qillTrd subs¢quent to the first day of tbe financial year. unrea gains wd losses are calculatrd as the diff¢rettce between the fair value at the year end and tbeir carrying value. Realised and untealised investsllent gains attd losses are Combin in the Ststement of 14llan AdiTritieB. Bank int¢stre¢e1Ved 13 41
li ATEMV GETS to1th1d (69 Grants Math) Gzat*S to¢erBOdIeS (Note 3A) 13599 17.185 8.930 19.571 28JOi 3A GRANfs TO cifHBRBODIES Raw School HethrlBharnsCh$I H¢)nywood Scbool Giaits Than£l.I 1.845 1753 1.778 2510 1.766 13.(KK> 13,5QO .6GThntsm 878 951 1.242 3.071 ForVoluniaryBodte5 (8 grnNs made) 3.185 17.1&5 19.571
12 21r22 152 317 1,5(KJ 1,386 0.118 130 Website Coats AuditF 9.229 &155 8.627 8.155 5 TRusfEBS Total ern5tsff forlbeyear L (%n2: 1). 942 At l MarcbJ122 & 28 Pdxu8ry 2023 NetBookV&lue At l Marth%)22& 28 FebTr 2023
3 X% 4%888SS-èé=3g4J*J IOO pdp ]Ili- ¥ $¥ e4 Q 11
LNEAND HAISTEAD EDUC ARY 5.170 5.170 9 RECONCItJATION OFFUNDS Fllnd Fund l m¢ 23.791 IXl&936 13C#A7ZI 1.267.715 N¢¢ (10108)1I0¢ori Re)ree8 IPage7) 1.465 (8.155) (6ffj90) ci,tn9) RdiiedPmfiV(14Jss) 0nDPosI1 {31.825) (31J25) 15.6 (28.404) (28.404) 2A.381 28 F¢bwory 25256 1208J52 1233.808 1.20837A 228 25254 1208,552 25256 1.208324 25,482 1233,808
15 HAI3TEaD EDUCATIONAL CHARITY 28 IEBRUARY 2023 We bave audited tbe fmallcl statellwits of Eads Co]ll¢ and Hals*ad Fth¢8tional Charity for the year eThded 28 February 2023 ll¢b comprise the Ststement of Financi Activitie& the BalaDce Sheet alld the related notes. The )Inall reporting framework that Ilas app]ied in their preparation is applicable law and United Kingdom Accounting Standards (UDited Kingdom Generally A¢¢eNed Accouniing Practice) induding FRS l(r2 "The FITraDc1 Reporfitig Stgndard Applicable iti the UK. give a and fair view. of the thte of the ¢barfftty'8 affairs as at 28 Fe1llBry 2023 and of its bave iren p[OlY prepared in accord with UDited Kingdom GBnerally AeP1 Ac¢ountin8 Pralce and We conducted our audii in e0rd with thternationat Standards on Auditill8 (UK) (ISAS (UK)) aDd applicable I&w. Our resp)n5ibiiities under th(B¢ standards are fijrther described in the AudttoV8 respoDsibi]ities forthe audit of the fula] ststements 8e¢tion of our TeporL We are independent of the cbarity iti a¢¢ordattts wxth the eAhi¢al requiremetits that a relevant to our audit of the financial responsibi]itse5 in aCrdance th¢5e wir¢ments. We be]ieve that the autht eVIdee we have obtBined is sufficient and app[Olate to ptovide a basis forour opi-Di¢)n. Condudon8 relgtlngto golng Concern We bave nothing to report in respect of the following matters iti reIation to wbich the ]SAs (UK) require usto ryortto youwhett: may cast significant doubtabout th¢ ¢knity'$ ability to continue to adopt the 80in8 CODcern basts of a¢counting for a p10d of at l¢ast tw¢lv¢ months from Ihe date when the financial statemetrts are authotised for issue.
16 ATIONAL CHARITY 28 FEBR The ttustees are responsible forthe other inforniatioL The other1nfonttOD Compli the iDforniati( included in the trustres, annual repotL othor than the financial statements and our auditor's report thereon, Our opinion on the finan¢i81 Stsf¢ments does not cover the other illforniation and. except to the extent otbervri explicidy stated in our ryOTL we do not expre%8 atty forni of &Ullr conc]10n thereon. Jn COMI110 with our audit of the finaDci81 statemert8, responsibi]ity is to read the other iDforn)alion an& in doiDg so. consider whdber the other infornJ4ti0n is MatttiY ItsIstent with the finallcial state1 or our knowledge obtsinl in the audTi or (herwAse app¢ars to be nwterially isststed. Jf we ideDtify such material inconsisl¢DCi¢S or apEWt m8ri41 misstatem¢nts. we a mi&8taiement of the otherinforn)ation. If. b&sed on the work we have perform& we conclude thatthere We bave nothing report in this reggr We have nothing to reErf)rt respe£t of the followin8 Jnatt¢r5 wherE the char¢5 Ad 2011 requires us to Tel to youif. in rmr OPiDiOn: the iDforni8tion given in the TrllSte' Annual Report is inconsistent in atsy Materi re8pe¢t witb we have received all the infonnation and explallations weTequire for ouraudiL aecordw with app]icable law United Kin8dom Aecoutiting StandaTth (United Kingdom Generally Acceptd Aceounttng Ptsctice) att set ou¢ in the SIAtement of ThL8&S' Responsibltie In prep8ring the finartc1 Btstements. the tnkn are testrnsible for a&w&sing tbe cFL8rity's &bi]ity to continue &8 a going concenL disclosittg. as applicab mAttets related to going Cor and L%in8 the goillg Concern basis of accounting unless the trusiees either intend to ]iqilldate the chatity (r to c£&qe operati¢)DS. or have no repjistic aJteEDative butto do so.
FEBRUARY R7)ultIeS of audftor8 We have been appointed ag auditor8 under seerion 144 of the Cbarities Act 2011 and report in cffdattce with Tt8ulations made undtt {on 154 of thRt ACL Our resEh)Dsibi]ity is to audit the Standards on Auditing (UK8nd tre]and). We rep)rt to you our opinion &8 to whether the financial statements give a and fair view and are prepared in aCc(dallce with the Charities Act 2011. We alw to you xf. in our opinioll, the inforn)ation given in the Report of the Trustees is not consistent with the finAtici41 statements. xf the th(K¢ 4cwunting r¢¢ords or rf we have notre¢eiYèd all the ioforrllation and eXPlalonS we require for We read the Report of the Ilustees and consider the implicatsons for our report if we bme awaTr Jrregularits in¢luthng fraud in&t8ncu of Tm.cthnpliance with laws and re8uIatioLs. We design of itregulatitie4 incI1ng ftaud. The extent to whi¢h our wi¢¢dures are capkble of deteuing legUlarlties, illcluthn8 fraud is deIedOW. and non-compliance with Jaws and regulations. our pThKedures included obtaining undeEststhg of the le881 and Tr8ulatory frameworks app]icable to the charity and the 6eL%or tn wbich they operate. We determind that the most 8]fiCallt laws and regulations were the CIMities Act 2011. We asse88ed and concluded that the ch1$ key area Ivas in re]*ion to asset valuation. Specific audit how fraud roigbt ctcur. Audit p[(% by the engagemeot team ijKluded idenlifying aud a&51ng tbe design effectivene&8 of controls n)anagement h&$ in place to prevent and detr fraud: Understanding bow those chused V47th 8overnance CODsidered and addred th¢ potential for ov¢llide of ¢ontroIs ( other inapprole infiuence over the financial reporting proc¢ss: dthugiug 45SUWPtiOU5 attd iudgemellts nde by nwgement in its significant llntillg estimates: identsfying and trIDg unusual value entrie8. in particularany entrles po&ed with ullusual accouttt corobinations: and we&sing the extert of L¥)MplIan with the relevaut laws and T¢gu]aiions. The 817£ of tho charity and value of transacfionsindieated a low level of material risk part of an audit in aC[d with ISAS (UK). we exercise Eyofessional iudgiDeul and main prnfessioDai scepticism thmughoutthe &udiL We also: fraud or eOr, d&sign and p¢tEorm oudit procedutes resposiVe to those risk& and obtain audit elridence fbat is su]C1e1rt and &ppmpriate to ptovide a b&4is for our Opilli Ihe risk of uot detsctillg a Matla] misstatement resulting ftom fraud is bigber than for One resulting ftom emx.
18 28 FEBRUARY 211 on the ¢ffxtiv¢nes8 of the ¢harity'skDt¢Tnal control. Evaluate the apptopiiatene8s of accouDting policies u8&1 and tbe reasollabjeoess of till8 G)ndude on the appropriateness of the trustees, use of tbe going concern basis of aCCOUttting based on the wdit evidence otrtwne¢l whether a matetial uncertaillty exists related to events or conditions thatmay cast significallt doubt on the charity's abi]ity to eoDtillue as & going ¢on¢em. Jf we conclude that a mateTial Uncertainty exists. we are TequiTed to draw attetttion in 4)ur auditor's report to the Telated disclosures in the fjnancial sta¢ements or, if such disdosures are inadequat to modify OPiDiOD. Our CODcIusioDS are based ¢Jn th¢ audit edence obi¥ined up to the date of OUT auditor'5 report. How¢ver. evgnts or conditions Ca the cbarity to Ce to ¢onlitiue As a 80in8 ¢OIIC¢fIL disdowre& and wh&her the finala1 statenients reptuent the underlying tiall6xtiS and events We cOn]MCate with those charged with governance regarding, Among other mattery. the plantyl s(x)pe and iitDing of the audit and sigDifIcallt audit findings, ItludIng ally wificant deficiellcies in internal c4)ntrol thatwe identify during our audiL Use ofoor report This report is made solely to the charliy's trLstees, as a body. in accorthce with Part4 of the Charlties (Acc%bunts and Repoits) Regu]atsorts 21)08. Our audi¢ work bas ett undertaken so that we might state to the chatity's trustees those mAtterg we ar¢ rwiited to st*e to them in at] auditor's retA)rt and for no other purpo%& To the fEell exient perniitttd by l&w. we do ttot accept or &ssume rasponqibility to attyon¢ other tbatt the charity and the charity's trustees &8 a body. for audit worL for this or forthe opinions we havo fornie mre Green Sudbwy SuffolkCOIO 2AA 17.07.2023 Moore Green li eligiblelo t7cIw aMditoriB lernu ofsedwon J2]2 ofthe CornpawAct2tW6