Charity reglstration number 310935
THE COOPERS, COMPANY AND COBORN EDUCATIONAL FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE COOPERS, COMPANY AND COBORN EDUCATIONAL FOUNDATION
CONTENTS
Page
Governors report
ststement of Govemors responsibilities
Independent auditors report
Statement of financial activities
9-10
Balance sheet
11
Notes to the financral statements
12-23

THE COOPERS. COMPANY AND COBORN EDUCATIONAL FOUNDATION
GOVERNORS REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Govemors present their report and financial statements for the year ended 31 March 2025.
The financial statements have been prepaTed in accordance with the accounting polioe$ set out in note 1 to the
financial statements and comply the charity's goveming document, the Charities Act 2011 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparin9 their accounts
in accordance wbth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102)
{effective 1 January 2019)"
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Gharity number: 310935
Princlpal address
The Coopers. Company & Cotom School
St Maws Lane
Upminster
Essex
RM14 3HS
Governors and trustees
S Cheale (resigned 14th July 2025)
Rev T Critchlow
Dr l J Frood (Chairman)
P Laver Ivits Ch8imian from 14th 2025)
B Pickering (Vice-chairman until 14th July 2025)
p rimms
Cllr L. Van Den Hende
Cllr C Wilkins
K Pack
C Steel
R Wlliams (Resigned 28th June 2024)
C Hughes (Appointed 171h March 2025)
l Meadows (Appointed 26th November 2024)
L Johnson (Appointed 14th Juty 2025)
Auditors
A2ets Audit Seivices
statutory Auditor
7 - 8 Britannia Business Park
Southend on Sea
Essex
SS2 6GE
rshipfvl Company of Coopers
Parish of St Dunstsn and All Saints
Worshipful Company of Coopers
Co-optative
Ccwtative (from 14th July 2025)
Ctroptative (from 14th July 2025)
CO￿p1alIve
London Borough of Haver1r￿j
Worshipful Company of Coopers
Worshipful Company of Coopers
Worshipful Company of Coopers
Worshipful Company of Coopers
Worshipful Company of Coopers
Wotshipfvl Company of Coopers
Bankers
Lloyds Bank
135 High Street
Hornchurch
Essex
RM113YD
Solicitors
The Foundation's solicitors are: V4lnckworth SheThvood LLP. Arbor, 255 Bla¢kfriars Road, London, SE19AX.

THE COOPERS, COMPANY AND COBORN EDUCATIONAL FOUNDATION
GOVERNORS REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and acttvltles
The goveming document of the Foundation is a scheme made by the Secreiary of State for Education and
Science undef Secb'on 18 of the Charities Act 1960. The Scheme sets out the main objectives of the Foundation.
However. Clause 18 of the Scheme was replaced under a Modification by the Secretary of Slate for Education in
March 2011. The main objectives are to pay such sums as the Govemors deem fit to meet the cost of any
extraordinary repairs. additions or improvements to the premises of the School and to provide assistance to
students and ex-students of the scho￿ who ale Ltnder 25 years of 8ge, through the provision of scholarships or
bursaries or other financial assistsnce. The School became a mixed Academy on 1st April 2011 with 1360
students,. the bursaries are primarily to assist wtth the costs arising from extra¥curricular a¢tivities for students or
for degreelfurther educationlapprenticeship or post degree projects for fomiei students up to the age of 25. In
this way, the Foundation lully complies with the duty in section 4 of the Charities Ad 2006 to have due regard to
publi¢ be￿[It guidance published by the Commission.
The Foundation Governors signed a "Supplemental Agreement" wth the Secretary of Stale for Education and the
Goveming Body of the Coopers, Company and Coborn School agreeing to the use of the Foundation's land and
buildings by the new Academy with effect from 1st Apnl 2011. The Agreemenl may be terminated by the
Foundation with notice of not less than Iwo years.
Each yeaf, the Chaiity aims to support any capital projeds agreed ￿1th the School and Provide funding fDr
bursaries and grants. This is athieved through incorne from Coopers Cobom All Weather P[￿h Ltd ICCAWP), the
Foundation's investment portfolio and income from investment in property.
Bursaries and grants are administered by the Bursaries Committee from funds allocated by the Governing Body.
Achievements and perforrnance
During the financial yeai, the Foundation supported the school wilh funding for a number of premises related
items including expansion of CCTV. new fire doors and Y￿rk on air conditioning. lintels and Ihe pavillion
guttering. The fvnding for these ilems totalled £106k.
In addition to helpin9 lund financially disadvantaged students through the Headteacher's Fund of £25k,
Governors agreed addrtional funding for a 3 year sthool literary project costing £12k in the first year of this
projed. It continued funding student extra-curricular activities with an additional £25k. Govemors maintained their
increased support of counselling for students at a cost of £1 Sk in view of the increased demand for this servi
by students.
The amounl given as avrnrds and prizes by the Foundation to students and ex-students of the School during the
year was £27k {2024 £27k). The new bursary fom meant a continuation in the inGreaseiJ number of
applications for bursaries. Govemors wefe pleased lo increase the funding across a wider range of nteresls,
although the majority of bursary requests remain related to sport and music. There has been a furthw increase in
the number of bursary applicalions in summer 2025. The much publicised issue of Reinforced Autoclaved
Aeraled Concrete {RAAC) in schools and other public buildings continued to affect the school during this financial
year. Due to the ongoing moratorium on building workliefurbishment at the school, this has meant that during this
financial year again only essential repairs and maintenarKe work can be carried out. There has therefore been
reduced premises related spending by the Foundation on supporting the school in this area. The community use
of the School and its premises has continued posl completion of the RAAC remedial work. This is the usual way
the school, and thus Ihe Foundation. widens its provision to its neighbourhood al large as well as to the sludents
who attend and benefit from its Gharitable work. The Foundats'on tiansferred all income from letting Ihe school
facililies annualty to the School from 1 April 2015.

THE COOPERS, COMPANY AND COBORN EDUCATIONAL FOUNDATION
GOVERNORS REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial revlew
Net incoming resources before transfers and other recognised gains and losses, but induding depreciation, were
£188,957. In 2024 this figure wa5 £120.679.
Following the dramatic decrease in last year's value of shares held on the majority of st(Lk exchanges acr05S
the wodd, this year has recovered from the adverse effeGls of prior year. The Foundation's investments, in
common with institutions holding long tern investments. increased in value by £770k {2023 increase of £1,072k).
There have been no signfficant ctk9nges in accountirKJ poltcy this year.
The aclivities of the Foundation's subsidiary. Coopers CoL()m All Weather Pitch Limited. continLfred through the
year. For the yeai ended 31 March 2025 the Company made a profit after tsx of £40.958 (2024 - £26,173).
Reserves
The Goveming Body has accumulated reserves in wder to improve the buildings of the Coopers, Company and
Coborn School.
Plans for Future Perlods
The Foundation 15 aware that the RAAC issue will continue to have an impact on building projects at the school,
nO￿lth$tandIng that the urgent remedial work has now been completed and the sd)ool is fully operational. Due
to the RAAC situati¢)n, the school has been unable to submrt CIF applications in recent years and the Foundation
has therefore not been required to assist with funding for this. It stands ready to consider the funding of any
additional urgent works in order that the School can continue to function normally. The sch¢xJl has been accepted
onto the Department for Education's School Rebuilding Programme and the Foundation is keen lo support the
school with any addtttonal items and advisory support it may need during this pr¢xess
The Foundation's policy for investment is to ￿a¢e its funds in secure holdings which will produce a sufficient yield
to finance the objectives of the Foundation and ensure that the Foundation's asset base is adequate for use by
future generations. To this end, the Foundalion's investment portfolio is placed in the hands of a professional
fijnd manager. No particular instructions have been issued to the fvnd manager regarding social, environmentsl
or ethical considerations.
The financial statements have been prepared in compliance with:
- The Stheme of the Educational Foundation.,
- The requirements of the Chanties Act 2011- and
- statement of Recommended Practice- "Accounting and ReportHig by CharÉties (FRS 102)"
Structuro. Governance and Management
The goveming document of the Foundation, the Scheme. was sealed on 29 November 1972 in the London
Borough ofTower Hamlets and is numbered 6941 S. A Supplemental order to the Scheme was sealed on 14 April
1992 and further amendments made on 3 October 2016, 20 Nov 2022 and 17 Marc 2025 Yiilh the present
Con*ilution of the Goveming Body as folk)￿%..
Seven representstives from the Vknbrshipful Company of Coopers
One representative from the Incumbenl of Ihe Benefice of Stepney St Dunstan and All Saints and the
Churchwardens of the Etclesiastical Parish of St Dunstan and Al Saints
One repiesenlative from the Council of the London Borough of Havering
Up to eight Co-optative 9overnofS

THE COOPERS. COMPANY AND COBORN EDUCATIONAL FOUNDATION
GOVERNORS REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Organisitlon
The Governing 8LNly meets ffi¢e in each t•m. li has two CA)mmitièes'. Fironce and Investrnent
Conynittee and tr* 8urs8hes ComTnittee. Thgre is also a Joint 8￿¢*￿S CcThnxttee. Joint wth the SthoDI
Govwrdw BDdy, vthlth rapEYls to thv FIn•n￿ wwj Ill￿trne￿ Co7Miiitoe.
Representstive Govemcn are put ror*wd by the ncffiinalng todies detaled above. Cwtatlye govemors are
aFpointed by a $Feoaf ￿￿11￿0 of Ihe rew¢sertilive g¢¥en￿¥. New govem(Ys ar¢ guided by the Chwmw aTr
Clerk arHI are suKylled W￿th.
l. A copy Dfthe Fwndatiffj Sthme &Ynondment
2. Cupi8$ of Ihe lest sets crfaudited ecc(wts
3. A list ofts'r fellrml Govemors and their a(h*e%￿S
4. A copy ofthe lat851 School ProspeLkns
5. A Ilst of th# meml)er5 Df ￿ Sehod Goverring 80ty
6. ReferMc4 trj 3 le8ffets issued by tr* Chaity Commtssionws
7. Minutes ofthe knsl Govemino B£￿Y meetings
The FoLWHlati￿ exists to Wtsl the S¢lml *rylh ￿lch it shares acc¢xnmod*on. In additi£￿, the Foundation Ks
the prrncipd 5harehoider in C(Kyer5 Cobom AM We8ther Piith Ud (CCAM. Thls provldeg 8 ts>￿th￿ surfac¢
for 5th0(4 hL￿VY and for Dther letrirvJs. CCAWP has [￿l¥ed loans trryn Ih Fo￿￿¥tion it ws
Interest at a Gommeroal f8te. Th intsre¥t and the incwne from lettings are used to h* financ8 the tJHritable
A revlew ofthe risks to ¥knich tr* FwHlatirn 1$ exposEd is conducted by the Goverrww B(* and Ihl$ is
$uuiinised by its audith. It is cor*Sidered thli 8dequate 5yStem$ and procgdures exist to mitrgate risks.
The Fo￿￿￿￿On'5 fvnd manager been knslNthd regarding the G￿nPOSItion OT the F¥XKMlatK>n's portfolio.
The Go¥emors reportwas approved by the Bo*d rfGovemo
rood
MrP Laver
Dated..
17

THE COOPERS. COMPANY AND COBORN EDUCATIONAL FOUNDATION
STATEMENT OF GOVERNORS RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The Govemors are responsible for preparing the Govemors Report and the financial statements in accordance with
applicable law end Unrted Kingdom Ac¢ounting StsThJaTd5 (United Kingdom Generally Accepted Accounting
Practice)
The law applicable to charities in England and Wales requires Ihe Govemors to prepare financlal st81ements for
each financial year ￿1th give a true and fair view of the state of affairs of the chartty and of the incoming rè80tsr￿s
and application of resources of the charity for that year.
In preparing these financial ststements. the Govemors are required lo..
- select suitable ac¢ounting policies and then aP￿Y them consistently..
- observe the meth￿S and prinoples in the Chartties SORP.,
- make judgements arKI estimates t￿t are reasonable and pruden(
state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements" arKI
- prepare the financial statemenls on the going concem basis unEess rt is inappropriate to presurrE that the charity
will continue in operation.
The Governors are responsible for keeping sufficient accounting Tecords that disctose with reasonable acctjracy at
any time the finanual posÉtion of the chafity and enable ttEm lo ensu￿ that Ihe financial statemenls comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the Gharty and hence for taking reasonable Steps for the
Pfevention and detection of fraud and other irregularities.

THE COOPERS. COMPANY AND COBORN EDUCATIONAL FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE GOVERNORS OF THE COOPERS. COMPANY AND COBORN EDUCATIONAL
FOUNDATION
Opinion
We have audited the financial statements of The Coopers, Company and Cobom Educational Foundation (the
'charity') for thè year ended 31 March 2025 which comprise the statement of financial acb'vitie$, the balance sheet
and notes to the finanaal ststements, including signrfunl accounting policies. The financial reporting framework
thal has been applied in their preparation is applicable law and United Kingdom Accountin9 Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihg UK and Republ￿ of Ireland
(United Kingdom Generally Accepted Accounts'ng Practice)
In our opinion, the financial statements-.
give a true and fair view of the slate of the tharity's affairs as at 31 March 2025 and of its incoming resour￿$
and application of resources. for the year Ihen ended,.
have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting Practi￿.
and
have been prepared in accordan￿ wth the requifements of the Charrties Act 2011.
Basis for oplnlon
We conducted our audit in accordance writh Intemational Standards on Audittng (UK) (ISAS (UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditors responsibililies for the audil ol
Ihe financial stafements section of our report. We are independent of the charity in accordance with the ethical
reqU1￿MentS that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fijlfilled our other elhical responsibilities in accordance with these requirements. We believe
that the audit eviden￿ we have obtsined is sufftcient and appropriate to provlde a basis for our opinion.
Conclusions relatlng to golng concern
In auditing the financial statements, we have conduded that the Governors use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not Klentified any material uncertainties relating to events or
condtiions that, indiviéually 01 collectNely. may cast Significant doubt on the charity's ability to continue as a going
concem for a period of at leasl ￿1Ve months from when the financ￿1 statements are authorised for issue.
Our respoftsibilities and the responsibilities of the Govemors with respect to going con￿rn are described in the
relevant sections of this report.
Other infonnation
The other information comprises the information included in the annual report other than Ihe finartial stslements
and our auditor's report thereon. The Govemors are responsible for the other information contained within the
annual report. Our opinion on the financial statements does not cover the othèr infomation and we not express
any form of assurance conclusion thereon_ Our responsibilty is lo read the other information and, n doing so,
consider whether the other infomiation is materially inconsistent Y￿th the financial statements or ￿Jr knowledge
obtained in the course of the audrt. or otherwise aptEars to be materially misstaled. If we identify such material
inconsistencies or apparent material misstatements. we are required to determirE whether this gives rsse to a
material misstatement in the financial stalements themselves. If. based on the work v4e have performed, we
conclude that there is a matertal misststement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Mattèrs on whlch we are requlred to report by exception
have nothing to report in respect of the followng matters in ￿latIon to which the Charities (Axounts and
Reports) Regulations 2008 require us to report to you if. in our opinion..
the informab'on given in the financial statements is inconsistent in any material respect with Ihe Governors
report., or
suffictent a¢¢ounting records have not been kept" or
the financial stalements are not in agreement with the accounting records" or
we have not received all the information and explanations V￿ iequire for our 8udit.

THE COOPERS. COMPANY AND COBORN EDUCATIONAL FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE COOPERS. COMPANY AND COBORN EDUCATIONAL
FOUNDATION
Responslbllltles of Governors
As explained more fvlly in the statement of Govern¢)rs responsibilities. the Governors are responsible for the
preparation of the financial ststements and for bein9 satisfied that they give a true and fair view, and for such
internal control as the Governots determine is necessary to enable the preparation of finanaal ststements that are
free from material misstatement, whether due to fraud or error. In preparing the financial statements, Ihe Govemor5
are responsible for assessing the charity's a￿'lIty to continue as a goin9 concem. disclosng, as applicable, matters
related to going concem and using the going concem basis of accounting unless the Govemors either intend to
cease operations. or have no realistic altemative but to do so.
Audltorfs responslbllltles for the audit of the financial ststements
We have been appointed as auditor under section 144 of the CharÉtses Acl 2011 and report in accordanGe with the
Act and relevant regulations made or having effect thereunder.
Our objeth'ves are to obtain reasonable assurance about whether the financial slatements as a whole are free from
material misstatement, whether due to fraud or error. and lo issue an audito¢s report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audrt conducted in accordance
with ISAS (UK) will always detect a malerial misstatement when il exisls. Misstalements can arise from fraud or
error and are considered material if, individually or in the aggregate, they ¢ould reasonably be expected lo influen
the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities is available on the Finanoal Reporting Council's website at.. https'.11
www.frc.org.uklaud1tors￿sp0Tr￿b1llt1es. This description fonns part of our auditOT'S report.
Extent to whlch the audit was consklered capable of detecting irre9ularftles, Includlng fraud
Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design prOcedu￿S in
line with our responsibilities. outlined above and on the FinancÉal Reporting CouncÉl s website, to detect materi81
misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity. its activities. tts control environment. and likely future
developments, including in relation lo the legal and regulatory framework applicable and how the entty is complying
with that framework. Based on this understanding. we identify and assess the risks of matertal misstatement of the
financial statements, whether due to fraud or ertor, design arml perform audit procedures responsive to those risks,
and obtsin audrt evidente that is suffiuent and appropriate to provide a basis for our opinion, This includes
consideration of the risk of acts by the entty that were contrary to applicable laws and regulations, induding fraud.
In ￿sponse to the risk of i￿e9u￿rE11eS and non-ciThpltance with laws and regulations, including fraud, we designed
procedures which induded..
Enquiry of management and those charged wrth govemance around adual and potential 1it1gation and
claims as well as actual, suspected and alleged fraud..
Reviewing minutes of meetings of those charged with governance..
Assessing the extent of compliance wilh the laws and regulations considered to have a direct material
effect on the financial statements or the operations of the entr'ty through enquiry and inspection..
Reviewing financial slatement disclosures and testing to supporting dowmentstion to asses5 compliance
with applicable laws and regulations.
Perfomiing audit work over the risk of management bias and override of controls. including testing of
joumal entries and other adjustments for appropriatenèss. evaluating the business rationale of significant
transactions OLrtside the normal course of business and reviewing accounting estimates for indi¢ators of
potential bias.
Because of the inherent limitations of an audit. there ts a risk that y￿ will rK)t detect all irregularities. induding those
leading to a material misstatement in the financial statemenls or nOn-coM￿lance ￿th regulation. This risk
in¢reases the more that compliance with a law or regulation is removed from Ihe events and transadions Teflecled
in the ff nancial statements, as we wll be less likely lo become aware of instances of noTFcompliance. The risk of
not detecting a malerial misstatement resulting from fraud is higher than for one resulting from error, as fraud may
in¥olve collusion, forgery, intentional omissions, misrepresentations. or the oveTfide of internal o)ntrol.

THE COOPERS, COMPANY AND COBORN EDUCATIONAL FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE COOPERS. COMPANY AND COBORN EDUCATIONAL
FOUNDATION
Other mattèrs
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting
and Reporting by Charities. Statement of Recommended Practice applicable to chatities preparing their accounts in
accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" {a$
amended) in preference to the Accounting and Reportin9 by Charities.. Statement of Recommended praCt￿e issued
on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn.
This has been done in order for the financial statements to provKle a true and fair view in accordance with curfent
Generally Accepted AccoLtnting Practice.
Vse of our report
This report is made solely lo the charity's truslees. as a body. in accordance wilh part 4 of the Charities {Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we are required to state to them in an auditorfs report and foT no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charity and the chartty's
trustees as a body. for our aLpJit work, for this report, or for the opinions we have formed.
A A-J*
an Goldlng {Senior Slatutory Audltor)
foi and on behalf of Azets Audit ServiGes
Chartered Accounlants
Statutory Auditor
7 - 8 Britannia Business Park
Comet ￿dY
Southend-on-sea
Essex
United Kingdom
SS2 6GE
Axets Audtt Services is eligib￿ for appointment as auditor of the charity by virtue of its eligibility for appointment as
auditor of a company under section 1212 of the Cornpanies Act 2006.

ij ol
o(0
ory rj)
u)ry

IJ

THE COOPERS. COMPANY AND COBORN EDUCATIONAL FOUNDATION
BALANCE SHEEr
ASAT31 MARCH 2025
2025
20
Not•s
Hxed assets
Twwible assds
13
14
15
3,745.077
325.ofKI
15.764.322
3,837,519
436,￿0
14,993,922
InYesknBnts
19.834.39
19.287,441
164.268
120.Eé1
174,980
60,￿2
C8sh at bth( arKI In hand
284.929
235.932
Creditor4: •rnounts fallng due ¥Athln
on• year
17
{133.79n
(110.eAO)
Net currwrt ￿Sets
151.132
125292
Total ￿sets less current llablllfje¥
18.985.531
19.392,733
¢omo funds
Restiicted
EndcNrnent fvnds- de￿.Qn0ted
Unrestri(*ed fLbids
4.H7.603
5.151.269
10,386.659
4.336,376
5,012,564
10.043.793
19.985.531
19.392.733
The (In
Dr l Frood
Mr P Laver
11

THE COOPERS. COMPANY AND COBORN EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies
Charity infomiation
The Coopers. Company and Cobom Educational FourKlation is a public benefft entity under FRS 102.
1.1 Accounllng conventlon
The financial slalements have been prepared in accordan￿ with the charity's SORP (FRS102), the Charities
A¢t 2011 and "Accounting and Reporting by Charities.. Slatement of Rewmmended Practi￿ applicable to
charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) {effeciive 1 January 2019)" The charity is a PublFC Benefil Entity as
defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not lo prepare a Statement of Cash Flows.
The financial statements are prepared in slerling, which is the fun¢Xional currency of the charty. Monetary
amounts in these financial ststements are rounded to the nearest £.
The financial stalements have been prepared under the ￿"stOriCal cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Govemors have a reasonable expectation that the
charity has adequate resources to continue in oper81ional existence for the foreseeable future. Thus the
Governors continue to adopt Ihe going con￿rn basis of accounting in preparing the financial statements.
1.3 Charitable lunds
Unrestricted general funds can be used in accordance with the charitabfe objectives at the discretion of the
Govemors.
Restricted funds can onty be used f(K partKMlar restricted purposes wbthin the objects of the charity.
Restrictions arise when specified by the dorK)r or when funds are raised for particular restricted wrposes.
Endowment funds are heid on trust and are retained for the benefft of the charity as a capital ftjnd.
1.4 Income
All income is recognised in the Statement of Financial Activities once the tharity has entttlement to the funds,
it is probable thal the income will be received and the amount can be measured reliably.
12-

THE COOPERS, COMPANY AND COBORN EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies
Icontlnued)
1.5 Expendlture
Expenditure is recognised once there is a legal or cortrstructive obligation to transfer economic benefrt lo a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligatron can be measured reliabty.
Expenditure is clasSif￿d by activity. costs of each acti¥ity are made up of the totsl of dIr￿t costs and
shared costs, including support costs involved in undertaktng each activity. Direct costs attributable lo a single
activity are allocated directly to that activily. Shared costs ￿1th contribute to more than one activty and
support costs which are not attributable to a single activty are apportioned between those activities on a b8SiS
consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and
depreciation charges are allocated on the px>rtion of the asset's use.
Expenditure is accounted for on an accnAls basis as it is ir￿urred..
a) Costs of generating funds comprises the costs associated with the investments and estate management.
b) Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities for the
school. It includes both costs Ihat can be all¢xated directly to such activities and those costs of an indirect
nature necessary to support them.
c) Governan￿ costs indude those costs associated with meeting the constitutional and stalutory
requirements of the charity and indude audil fees and costs linked to the strategic management of the charity.
1.6 Tanglble fixed assets
The School Buildings are held at cost and being depreciated over their estimaled useful life of 50 years.
Fumiture, fittings and equipment Pfovided by Ihe Foundation are written off in the year of purchase.
Plant and equipment
1.7 Investment properlles
Investment Properties and other investments are shown at market value, Ihe aggregate of any unrealised
gains or losses being taken dired to the main fund. The Coopers, Company & Coborn S¢hool is shown at cost
as it is held for direct charitable use.
25% SL
1.8 Taxation
The charity is exempt from tax on its charitable activities.
1.9 Transfers between funds
Any expenditure by the FoundatFon on a school building requires a transfer from Unrestricted Funds to
Restricted Funds (School Fund). Other inter-lund transfer5 are required lo record the reimbursement of
expenditure from Unrestricted FurK15 by other funds and can be included within inter-bank transfe15, Ifansfers
of investmenl holdings and are shown on the SOFA.
Donatlons and lega¢ies
Re5trlctèd Restricled
nds
funds
2025
2024
Charitable donat￿n$
2,123
1,764
13-

THE COOPERS, COMPANY AND COBORN EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Investment Income
Unrestri¢ted Restricted
funds
funds
Total Unrestricted Restricted
funds
funds
Totsl
2025
2025
2025
2024
2024
2024
Rent receivables
From Radcliffe Tfust
Investments held on a
fecognised stock
exthange
Interest on cash depos¢ts
From all Weather Pitch
17.805
54,023
17,805
54,023
16,580
52.921
16,580
52.921
496,829
6.498
8,000
2,895
499.524
6.498
8,000
462,724
2,584
8,000
2,442
465,166
2,584
8.000
Investrnent income
583,155
2.695
585,850
542,809
2,442
545.251
Income from The Ratclrffe Trust represents two-thirds of the net income received by Coopers Charity cio and
payable to the Foundation.
The associated investrnent of the Ratcliffe Trust is held within Coopers Chartty CIO and had a capital value of
£1,845,954 as al 31st M8rch 2025 (2024- £1,819,504)
Other income
Unrestrlcted
funds
Total
2025
2024
Net gain on disposal of Investment properties
8.863
14-

THE COOPERS, COMPANY AND COBORN EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charltable activitles
2026
2024
School maintenance costs
Bursaries and prizes
School expenses
Other resources expended (See note 7)
Depreuation
108.428
28,900
52.350
207,498
92.443
121,295
26,885
65,581
188,877
92,443
489.619
475,061
Share of govemance costs (see note 8)
7,860
7,602
497,479
482.663
Analysis by fund
Unrestricted funds
Restricted funds
392.291
105.188
377,486
105,177
497.479
482,663
16-

THE COOPERS. COMPANY AND COBORN EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Other resources expended
02
Licenses
Subscriptions
Office insurance
Telephone & stationery etc.
Consultancy
Founders. day expenses
Miscellaneous expenses
Professional fees
Bad debts expense
Extra-CUTricular
Lettings reimbursement
35
212
1,198
447
15,316
4.202
240
4,622
233
802
583
15.325
4,609
565
7.000
10,427
25,000
22
129 333
Total
207
17-

THE COOPERS, COMPANY AND COBORN EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs
Support Governance
costs
sts
2025
2024
Audit fees
7.860
7,860
7,602
7,860
7,860
7,602
Analysed between
Charitsble activth'es
7,860
7.860
7,602
Governors
There were no govemors, Temuneration or other èenefits for the year ended 31 March 2025.
Governors. expenses
The individual governor's expenses paid for the year ended 31st March 2025 amounted to £nil (2024.. £nil)
10 Employees
There were no employees in the year ended 31st March 2025.
2025
Number
2024
Numbèr
Total
11 Lettlngs Income and expenditure
The Foundalion receives income from the leth.ng of ils facilities and pays the income received to the School.
2025
2024
Letting income
156.226
129,333
29
Letttng income reiml)ursement
1156,226) (129,333)
18-

THE COOPERS. COMPANY AND COBORN EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Taxation
The charity is exempt frotn tax on income and gains falling within section 505 of the Taxes Act 1988 or seclron
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charilable objects.
13 Tanglble flxed assets
Freehold land
and buildln9S
Plant and
equlpment
Total
Cost
At 1 April 2024
4.562,833
5,928
4.568,761
At 31 March 2025
4.562,833
5.928
4.568,761
Depreciation and Impalrnient
At 1 April 2024
Depreciation charged in the year
730,056
91.257
1,186
1,185
731.242
92,442
At 31 March 2025
821,313
2.371
823,684
Carrying amount
At 31 March 2025
3.741,520
3.557
3,745,077
At 31 March 2024
3.832,777
4,742
3.837,519
14 Investment property
2025
Falr value
At 1 April 2024
Disposals
Net 9ains or105ses through fair value adjustments
436.000
{189,913)
78,913
At 31 Mar¢h 2025
325.000
Investment property relates to Cirrus Court acquired at a cost of £268,837.
The fair value of the investment property has been arrNed al on basis of a directors valuation. The
valuation was made on an open market value basis by reference to market evidence of transaction prices for
similar properties.
The property at Kings Lynn has been sold in this finanaal period. This had a historic cost of £189,913. The
revaluation of £78.913 relates to reversal of previous years revaluats'ons on this property only.
19-

THE COOPERS. COMPANY AND COBORN EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Fixed asset investrnents
Unllsted
investments
Cost or valuation
At 1 April 2024
Additions
Unrealised gainslllosses)
Reclassification
Disposals
14,993,922
3,081,955
403.841
(100,000)
(2,615,396)
At 31 Marth 2025
15.764,322
Carrying amount
At 31 Marth 2025
15,764,322
At 31 March 2024
14,993,922
16 Debto
2025
2024
Amounts falling due within one year:
Other debtors
164,268
74.980
2025
2024
Amounts falling due after more than one year:
Other debtors
100,000
Total debtors
164.268
174,980
17 Creditors: amounts falling duÈ wtthin one year
2025
2024
Trade creditors
Other credilois
A￿￿81$ and defe￿ed income
118,857
12,996
90.802
19,838
133.797
110.640

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ILI C w C VJ

THE COOPERS, COMPANY AND COBORN EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Relatèd paty transactions
The subsidiary undertaking is Coopers Cobom Al￿eather Pitth Limited (CCANIP}, a company registered in
England and Wdles. registration number 02784814.
The principal activities of the Company are letting of an alkwealher sports pitch sales. At the Companys year-
end of 31 st March 2025 it had net assets of £152,054 {2024: £138.877) and made a profit before tax for the
year of £40,958 (2024= £26,173).
The Foundation received loan interest of £8,000 (2024". £8,000) from the subsidiary during the year. In
ad(lition, the Foun¢Jation recetved a £nil gift aid donati¢)n from the subsidiary {2024- £26,173).
A balance of £8,000 wa5 due to the Foundabon at the balan￿ sheet date (2024 - £nil). Additionalty there was
a loan balance receivable trom the subsidiary of £100,000 (2024. £100,000). This loan is wholly repayable on
23rd September 2025 and carries a fixed interest rate of 8% per annum.
The Foundation is controlled by the Board of GoVerr￿.
-23-