CHARITY REGISTRATION NUMBER: 311263
Thetford Educational Foundation Trust Unaudited financial statements 31 August 2025
Thetford Educational Foundation Trust
Financial statements
Year ended 31 August 2025
| Page | |
|---|---|
| Trustee's annual report | 1 |
| Independent examiner's report to the trustee | 4 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 |
Thetford Educational Foundation Trust
Trustee's annual report
Year ended 31 August 2025
The trustee presents his report and the unaudited financial statements of the charity for the year ended 31 August 2025.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Reference and administrative details
| Registered charity name | Thetford Educational Foundation Trust |
|---|---|
| Charity registration number | 311263 |
| Principal office | Friars Close |
| Castle Lane | |
| Thetford | |
| Norfolk | |
| IP24 2ER |
The trustee
The trustees who served during the year and at the date of approval were as follows:
| Thetford Educational Trustee Limited | |
|---|---|
| Insurance brokers | HJ Boswell Insurance Brokers |
| Carrow Hill | |
| Norwich | |
| NR1 2AH | |
| Independent examiner | Mark Proctor FCA DChA |
| Lovewell Blake LLP | |
| Chartered accountants | |
| Bankside 300 | |
| Peachman Way | |
| Broadland Business Park | |
| Norwich | |
| NR7 0LB | |
| Bankers | Lloyds Bank Plc |
| 35 King Street | |
| Thetford | |
| Norfolk | |
| IP24 2AX | |
| Solicitors | Rudlings Wakelam |
| 1 Well Street | |
| Thetford | |
| Norfolk | |
| IP24 2BL |
- 1 -
Thetford Educational Foundation Trust
Trustee's annual report (continued)
Year ended 31 August 2025
Objectives and activities
The charity's objective is the giving of grants and bursaries that promote the education of boys and girls in Thetford. The charity previously owned Thetford Grammar School, selling it in July 2017, and invested the sale proceeds in order to generate income to provide educational support to boys and girls in Thetford.
The trustee has had regard to the Charity Commission's guidance on public benefit.
Achievements and performance
The Charity has again continued its core purpose of grant giving this year. We were again able to continue our giving to local schools this year for a variety of extracurricular activities as requested by the various schools, along with the continuance of bursary funding to Thetford Grammar School.
We were pleased this year to expand our grant giving to include the Food & Farming Discovery Trust and also to a Theatre School to help costs in presenting a County Lines play.
Financial review
Income totalled £78,562 (2024: £75,550) during the year with expenditure of £96,694 (2024: £101,279). The market value of investments decreased during the year by £28,551 (2024: increased by £174,202). This resulted in net expenditure of £40,097 (2024: net income of £148,473) during the year.
Investment Policy and Objectives
The charity has appointed Barratt and Cooke and JM Finn to manage the investments on a low-medium risk to provide income and grant giving.
Reserves Policy
The objective of the trustee is to maintain the capital funds in reserves so they can be invested to provide investment income to enable the charity to meet its objectives. As the trustee only makes awards subject to investment income and reserves held, in effect the trustee regards all charity funds as free reserves. The charity has no ongoing commitment to any grant that cannot be satisfied from charity funds. That said the trustee endeavours to hold free cash reserves in excess of £20,000 at any point in time. At the year end total reserves were £2,222,985 (2024: £2,263,082) with no restricted reserves held at the year end (2024: £Nil). Free reserves amounted to £104,647 (2024: £116,193).
Plans for future periods
It is our aim to continue the successful grant programmes that have been well received for some years now. At time of writing (December 2025) we have now completed, in partnership with Norfolk Museums Service and Thetford Schools, the inaugural annual fully funded trip to Norwich Castle Museum for all year 2 pupils in Thetford (c350), it was very successful.
- 2 -
Thetford Educational Foundation Trust
Trustee's annual report (continued)
Year ended 31 August 2025
Structure, governance and management
Governing document
The charity is governed by the provisions of the Scheme established in 1981 and last amended in July 2017.
Trustee
In May 2020, the trustees decided to incorporate a company to act as the sole trustee of the charity. Thetford Educational Trustee Limited was incorporated on 21 May 2020, with the trustees of the charity at that date also being members and directors of the limited company. On the 10 June 2020 Thetford Educational Trustee Limited was appointed as a corporate trustee of the charity and all other trustees resigned.
The directors of Thetford Educational Trustee Limited are as follows; Mrs M E Eade (Chairman) Mrs K Colborn (Vice Chairman) Mr S McGrath Mr J Pearson Mr J Fletcher
New directors and members of the corporate trustee are appointed at a meeting of the full member body following nomination and recommendation by two current members. The members serve for a term of 5 years and are eligible for re-election.
True and fair override
The financial statements have been prepared to give a true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide atrue and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Independent examiner
A resolution to reappoint Mark Proctor of Lovewell Blake LLP as independent examiner for the ensuing year will be proposed at the Annual General Meeting.
The trustee's annual report was approved on 16 December 2025 and signed on behalf of the board of trustees by:
Mrs M E Eade on behalf of Thetford Educational Trustee Limited Mr J Pearson
on behalf of Thetford Educational Trustee Limited
- 3 -
Thetford Educational Foundation Trust
Independent examiner's report to the trustee of Thetford Educational Foundation Trust
Year ended 31 August 2025
I report to the charity trustee on my examination of the financial statements of the charity for the year ended 31 August 2025 which comprise the statement of financial activities, balance sheet and the related notes.
Responsibilities and basis of report
As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
- 4 -
Thetford Educational Foundation Trust
Independent examiner's report to the trustee of Thetford Educational Foundation Trust (continued)
Year ended 31 August 2025
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Mark Proctor FCA DChA Independent Examiner
Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
22 December 2025
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Thetford Educational Foundation Trust
Statement of financial activities
Year ended 31 August 2025
| 2025 | 2025 | 2024 | |||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Total funds | Total funds | |||
| Note | £ | £ | £ | ||
| Income and endowments | |||||
| Investment income | 4 | 78,562 | 78,562 | 75,550 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |||
| Total income | 78,562 | 78,562 | 75,550 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |||
| Expenditure | |||||
| Raising funds | |||||
| Investment management costs | 5 | 6,586 | 6,586 | 6,487 | |
| Charitable activities | 6 | 90,108 | 90,108 | 94,792 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Total expenditure | 96,694 | 96,694 | 101,279 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Net (expenditure)/income and net movements in funds | |||||
| before gains and losses on investments | (18,132) | (18,132) | (25,729) | ||
| Net (losses)/gains on investments | 7 | (21,965) | (21,965) | 174,202 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Net (expenditure)/income and net movement in funds | (40,097) | (40,097) | 148,473 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Reconciliation of funds | |||||
| Total funds brought forward | 2,263,082 | 2,263,082 | 2,114,609 | ||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |||
| Total funds carried forward | 2,222,985 | 2,222,985 | 2,263,082 | ||
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 13 form part of these financial statements.
- 6 -
Thetford Educational Foundation Trust
Balance sheet
31 August 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Investments | 11 | 2,118,338 | 2,146,889 | |||
| Current assets | ||||||
| Debtors | 12 | 7,571 | 8,414 | |||
| Cash at bank and in hand | 100,232 | 110,797 | ||||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||||
| 107,803 | 119,211 | |||||
| Creditors: Amounts falling due within | ||||||
| one year | 13 | (3,156) | (3,018) | |||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||||
| Net current assets | 104,647 | 116,193 | ||||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |||||
| Total assets less current liabilities | 2,222,985 | 2,263,082 | ||||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |||||
| Net assets | 2,222,985 | 2,263,082 | ||||
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | |||||
| Funds of the charity | ||||||
| Unrestricted funds | 2,222,985 | 2,263,082 | ||||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |||||
| Total charity funds | 14 | 2,222,985 | 2,263,082 | |||
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 16 December 2025, and are signed on behalf of the board by:
Mrs M E Eade
on behalf of Thetford Educational Trustee Limited
Mr J Pearson on behalf of Thetford Educational Trustee Limited
The notes on pages 8 to 13 form part of these financial statements.
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Thetford Educational Foundation Trust
Notes to the financial statements
Year ended 31 August 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Friars Close, Castle Lane, Thetford, Norfolk, IP24 2ER.
2. Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on the going concern basis and the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected income and expenditure for the next 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.
- 8 -
Notes to the financial statements (continued)
Thetford Educational Foundation Trust
Year ended 31 August 2025
3. Accounting policies (continued)
Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Income from investments | 77,095 | 77,095 | 73,159 | 73,159 |
| Bank interest receivable | 1,467 | 1,467 | 2,391 | 2,391 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 78,562 | 78,562 | 75,550 | 75,550 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
5. Investment management costs
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Portfolio management | 6,586 | 6,586 | 6,487 | 6,487 |
| ৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ৶৶৶৶৶৶ |
- 9 -
Thetford Educational Foundation Trust
Notes to the financial statements (continued)
Year ended 31 August 2025
6. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Grants and bursaries | 88,000 | 88,000 | 91,530 | 91,530 | |
| Support costs | 2,108 | 2,108 | 3,262 | 3,262 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 90,108 | 90,108 | 94,792 | 94,792 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Analysis of Support costs | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Independent examination fees | 3,060 | 3,018 | |||
| Insurance | 248 | 1,310 | |||
| Legal and professional costs | – | 334 | |||
| Bad debts | (1,200) | (1,400) | |||
| ৄৄৄৄৄৄ | ৄৄৄৄৄৄ | ||||
| 2,108 | 3,262 | ||||
| ৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ||||
| 7. | Net (losses)/gains on investments | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Gains/(losses) on listed investments | (21,965) | (21,965) | 174,202 | 174,202 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 8. | Independent examination fees | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 3,060 | 3,018 | |||
| ৶৶৶৶৶৶ | ৶৶৶৶৶৶ |
9. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
10. Trustee remuneration and expenses
The trustees neither received or waived any remuneration during the year (2024: £Nil). No trustee has received any reimbursement of expenses from the charity during the year either directly or indirectly (2024: £Nil).
- 10 -
Thetford Educational Foundation Trust
Notes to the financial statements (continued)
Year ended 31 August 2025
11. Investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 September 2024 | 2,146,889 |
| Additions | 478,716 |
| Disposals | (478,716) |
| Fair value movements | (21,964) |
| Other movements | (6,587) |
| ৄৄৄৄৄৄৄৄৄৄৄ | |
| At 31 August 2025 | 2,118,338 |
| ৶৶৶৶৶৶৶৶৶৶৶ | |
| Impairment | |
| At 1 September 2024 and 31 August 2025 | |
| Carrying amount | |
| At 31 August 2025 | 2,118,338 |
| ৶৶৶৶৶৶৶৶৶৶৶ | |
| At 31 August 2024 | 2,146,889 |
| ৶৶৶৶৶৶৶৶৶৶৶ |
All investments shown above are held at valuation.
Financial assets held at fair value
The fair value of investments is determined by reference to the quoted price for these assets in an active market at 31 August 2025.
12. Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Prepayments and accrued income | 7,571 | 8,414 | |
| ৶৶৶৶৶৶ | ৶৶৶৶৶৶ | ||
| 13. | Creditors: Amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 3,156 | 3,018 | |
| ৶৶৶৶৶৶ | ৶৶৶৶৶৶ |
- 11 -
Notes to the financial statements (continued)
Thetford Educational Foundation Trust
Year ended 31 August 2025
14. Analysis of charitable funds
Year ended 31 August 2025
| Gains and | At 31 Aug | |||||
|---|---|---|---|---|---|---|
| At 1 Sep 2024 | Income | Expenditure | losses | Transfer | 2025 | |
| £ | £ | £ | £ | £ | ||
| Unrestricted funds | ||||||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |
| General Funds | 2,263,082 | 78,562 | (96,694) | (21,965) | – | 2,222,985 |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |
| Total funds | 2,263,082 | 78,562 | (96,694) | (21,965) | – | 2,222,985 |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | |
| Year ended 31 August 2024 | ||||||
| Gains and | At 31 Aug | |||||
| At 1 Sep 2023 | Income | Expenditure | losses | Transfer | 2024 | |
| £ | £ | £ | £ | £ | ||
| Unrestricted funds | ||||||
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |
| General Funds | 2,114,609 | 75,550 | (101,279) | 174,202 | – | 2,263,082 |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |
| Total funds | 2,114,609 | 75,550 | (101,279) | 174,202 | – | 2,263,082 |
| ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ |
15. Analysis of net assets between funds
Year ended 31 August 2025
| Restricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | 2025 | |
| £ | £ | £ | |
| Investments | – | 2,118,338 | 2,118,338 |
| Net current assets | – | 104,647 | 104,647 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |
| – | 2,222,985 | 2,222,985 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | |
| Year ended 31 August 2024 | |||
| Restricted | Unrestricted | ||
| funds | funds | 2024 | |
| £ | £ | £ | |
| Investments | – | 2,146,889 | 2,146,889 |
| Net current assets | – | 116,193 | 116,193 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄ | |
| – | 2,263,082 | 226,308 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶ |
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Thetford Educational Foundation Trust
Notes to the financial statements (continued)
Year ended 31 August 2025
16. Financial instruments
The carrying amount for each category of financial instrument is as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Financial assets measured at fair value through income and expenditure | ||
| Fixed asset listed investments (note 12) | 2,118,338 ৶৶৶৶৶৶৶৶৶৶৶ |
2,146,889 ৶৶৶৶৶৶৶৶৶৶৶ |
17. Related parties
During the year there were no transactions from the the directors of the Trust's parent company, Thetford Educational Trustee Limited. In the previous year one of the directors was reimbursed £35 expenses in respect of filing fees for the parent company.
In the previous year another one of the directors of Thetford Educational Trustee Limited provided clerking services to the Trust totalling £300.
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