EARLS COLNE AND HALSTEAD EDUCATIONAL CHARrrY TRUSTEES? REPORT AND FINANCKAL STATEMENrs FEBRUARY 2025 MOORE GREEN CHARTERED ACCOUNTANrs SUDBURY SUFFOLK EARIS COLNE AND HALSTEAD EDUCATIONAL CHARITY INDEX TO FINANCIAL STATEMENTS 28 FEBRUARY 2025 Cbarity Infomation Report of the TnL8tees ststem¢nt of Trustees. Rwllsibilities Statement of Financial Activtties BalanLz Sheet Notes to the Financial Statements 9-14 Independent e￿ll￿erS report 15 EARLS COLNE AND HAIsfEAD EDUCATKONAL CEIARITY CHARITY IIEGISTRATION NUMBER 310859 TRUSTEES Mt5 S Thurgate (Chair until July 2024) Cl]r C Siddall (Vice Chair) Mr A Harvison (Until July 2024) Mrs J Bailey Mr J Hayes (cbair from July 2024) Mt J Munto Mr A Sbelton Mr P Finch (Appointed November 2024) Cur J Parish Cllr G Courtauld Mr S Milbank Mrs C Sterland Cllr J Bond Mrs V Bnrnitt CLERK Mys Pauline Kenning INDEPENDENf EXAMINER Vincent Chandlcr FCA FCCA Moore Grcen 22 Friars Street Sudbury Suffolk C0102AA Barclays Bank PIC Leicester LE87 2BB Union BaDcaire Trivee (UK) Ltd (formeAy Kleinwort Hambros Limited) Onc Bank Street Canary Wharf London E14 4SG EAR￿ COLNE AND KILSTEAD EDUCATIONAL CIIARITY REPORT OF THE TRUSTEES YEAR ENDED 28 FEBRUARY 2025 The T￿￿eeS present their annual and the Un-a￿ed fllwicial statements of tbe ChaTity for the yw ended 28 February 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Cbarities: Statement of Rcconunendcd Practice applicable to charities preparing their accounts in aCCord￿C with the Financial Reporting Standard applicable in the UK and Republic of treland. CONSIITUTION The Charity was constituted on 31 July 1975 and is govemed by a definitive Tn￿t Deed and Rules dated the sam¢ day. The TTUSt is registered as a Charity, under number 310859. OBJECTIVES The purpose of the Charity is to provide grants for the furtheranLY of the education of local children and young athilts. The Charity has cotiiinued to rely on income from listed investments and baDk deposit& The investtnents are held for capital growth and to provide adequate income to cover ￿uCatiOnal grants. They have been acquired in accordance with the available to Trustees. The Clwity has adequate assets to meet future commitments to beneficiaries. There have be￿ no changes to these policies duting the year. The Charity achieved Ats obje¢tiv¢ of distributing educational grants using its investment income. ORGANISATIONAL SIRUCTURE The Charity's day to day affairs are managed by the Clezk to the Tn￿. Regular Tn￿ceS, meetings are held at which decisions are taken by majority vote. REVIEW OF ACHIEVEMENTS AND PERFORMANCE The results for the year are set out in the statement of fmancial activities on page 7. Thc policy of the Charity is to distribute most of its income to its beneficiaric8 whilst recognising Ilwt only income can be distributed - not capitsl. The Unrestrictcd FuniL from which distributiODS are mad4 bas increased during the year and bas a balawe of £37,549 at the end of the year. .EARtS COLNE'AND HALSTEAD EDUCATIONAL CHARITY REPORT OF ThE TRUSTKES (CONllNUED) YEAR ENDED 28 FEBRUARY 2025 The Charity received 96'applications from individual4 voluntary organisatiODS school8 during the 2024r25 In additi￿ the Charity conlinued to provide funding to 22 local schools through the extra-curricular enriclllnent Per Capita grant allocations totalling £14.100. Further project grants to schools totalled £1.780. The Charity also awarded £l.100 towards projects that a&%ist young people with adventurous and sporting activities, and £15,000 to students towards the costs associated with their university sthdi4 in parcels of £200 for Idergraduate awards and £100 for postgraduate awards. £90 WAS al80 awarded to young people to take Part in tbe bronze Duke of Edinburgh award scheme. Grants to vo14mtsry organi8atiOll8 totalled £2.(N)O This w85 prcdominantly to Guide and Scout 8roups lo enable tbern to ￿[cl￿e Dew callJpiDg equipment and take part in adventurous aciivitics. FINANCL4L REVIEW The ChaTity'S invcstmcnt income rcccived for 2024125 bettcr than expected at £45 325 and exceeded the Charity's stated minimurn income rquirement. Addxtional Income {whicb included a welcome donation) of £1,194 was received by the cbarity Trustces wiIl continue to challcn8e our investment portfolio manager. Union Ban¢al￿ Privee (UK) Lt(L to achieve a desirable In￿me for the new financial year, though the economic outlook remains unsettle