CHARITY REGISTRATION NUMBER.. 311570 Higgs & Cooper Educational Charity Unaudited Financial Statements 31 March 2025 HARPER SHELDON LIMITED Chartered 8ccounlanls Midway House Slaverlon T6chnology Park Herrick Way, Staverton Chellenham, Glos. GL516TQ
Higgs & Cooper Educational Charity Financlal Statements Year ended 31 March 2025 Page Trustees, annual r8POrt Independent examiner's report lo the Iruslees Slalemenl of financial activities Slalement of financial position Notes lo the financial statements
Higgs & Cooper Educational Charity Trustees, Annual Report Year ended 31 March 2025 The Iiuslees present Ihelr report and the unaudited financial slalemenls of Ihe charSly lor the year ended 31 March 2025. Refence and admTnistratFve details Registered charity t>atne Higg5 & Coop&r Educallon21 Chailly Charfty reglstratlon number 311570 Principal offS¢e 37 8eeGhe5 Road Charllon Kings Lh8llenham Gloucest8rshire GL53 8NL England The trustees Mrs A Boy8S A Macfadzean A Rose F Connor G Plgoll M Babbage P Ayloll J R C Woollpy IAppoinled 14 Deoemb8r 20241 Independent examiner SK Sheldon FCA Mkjway House Slavoilon Technology Park Herrick Way, Staverton Chellenham, Glos. GL516TQ
Higgs & Cooper Educational Charity Trustees. Annual Report fconfinugd) Year ended 31 Nlarch 2025 stTUCtur91 goverllan¢e and marlagement The lull name of Ihe ¢h8rily is Ihe 'Higgs anil Cooper Educalional Charily. and Its iegistered numbgr is 311Jf70 and ils Clerk, with effecl from l April 2024, is Miq M Fletcher. 11 w3s sel up under a scheme d21ed 13 Fobruaiy 1976 and Its affalis are oonlrolled by 9 Trustees. The Ch8llenh&tn Borough Council and Ihe GIOUStershlre County Goun¢il eadi nominate Iwo'fruslees. The Cuirenl Tiuslep5 are.. Co-oplallve.. P Ayloll Mis A Boyes ICBCI M Babbage IGCCI F Connor A Ma¢fadiedn W Parlrldg8 lapwint&d 20 May 20251 Mr G Pigolllchairmanl A Rose J Wo()Ilpy lappolnled 14 Dec&mber 20241 Oblectlves and actlvitles The Charily prowd8s grants lo individuals, schools and olhef charflies lor a wide range of educakn'Dnal purposes Including, bul nol limiled to.. M21ari818 for u88 in the School curriculiim" Uniforined organ15alions Ith2rilablel lo conducl their aclivilies (for example Scouilng, Glds, Bilgadel Support for Indlvkluals golng on school Iiips or und8rlakin9 exliaGuiiiculai aGlivilles Ilor example youlh choirs or inlern21ional Ineelings of youlh oiganisalionsl Support for indlviduals in furthoi and hi9hei education Support for IndIaUal$ underlakng vocational cour888. Appll¢anl$ lor 2 granl must fall inlo on8 of lh8 following group5'. Individuab up lo the age of 25 who weie born inlo households normally resldenl In, 01 who are currently ie5ideTrl in, the former urbèn d51[1 ol Charllon Kings., School8 and org8nls8lion51n the benefiGial area- In the case of 'organisalions', Ihe charily's scherne $1SpulalES Ihal these musl 21so be regislered as ¢hariti8s. The'fruslees meet fouT lime% year, nnnnally in the firsl weeks ol March. Jun8, Sept8mber (when the AGM 18 normally hold) and Dwmber. Appllcallons ar& made in Wfiling lo the Gleik and presÈnled by the Clerk al the meellngs. AchlÈvements and pÈrforinance Funds have acaJmulat8d over the y8ars. patbcularly since the Coronav1rus p2ndemic in 2020-2021. Although 8clpie consideration is belllg. ylven lo means by which aw8ien8ss of IhB chaiily may be raised, during the year under review IhÈ volume ofapplic81ions reillained low. In th9 year undei. review th8 Truslges aided 18 individuals, one school and 1 charitable 0rg2n1saln at a lolal cosl of £1D,150. Th15 Cotnpared wilh 12 individuals by dii£ct giants, O schoo15 and 1 organi5alion Icharilablel with educational projects of various sorts al a total ¢Dsl of £12,097 in (h pievious year12023-241.
Higgs & Cooper Educational Charity Trustees. Annual Report Yoar 9nded 31 March 2025 Finin¢lal rovlew Thc cliarily began the year wllh a balanco of £33,104.d5 al Lbyds Bank £35,577.7Y wlh the NS&I. Nl year end 2024-2J Ihe lIgur¥ wero £36,828.21 ILloyd$ Curronl accounll, £JO,104.67 (Lloyds D8posll accounll £35.934.54 INS&II. The Cliarily liolds a suitab16 Inveslinenl poill(&o through QulliÈr Chavkil and IliÈ valu8 as al 31 March 2025 WBS £1,079,459.39. ThÈ Chailly also ln8iiilains s Lloyds W[rn1 &ccounl lo cover al le&$1 ong ytsarfs oulgoings 8nd Ihe balance ol Ihls bank accounl as al 31 M8r¢h 2025 was E36,828.21. During Ihe year. the Trustees decided lo 0e the N81ithial Saviiigs aiid Insuran accounl Ilie Cliariiy wa¥ uslng lo hold addllion21 cash re5eives and allfjr ITansfe¥iing £10,OW lo sel up a Lloyd5 business 5aving8 account, lh# bahnc$ ol monies wa5 re-invssled in IhE Qiilllor Cheviol investment lund durliig the 2025126 fiiianLial perbd. Al 31 Marcli 2025. the Lloyd5 busines% savings a¢counl balanc#w85 £10,IQ4.fj7. The Charlly genpiHlpd incomo of £27,572 and Incurred expenditur8 01 £46.276 duilng Ihe ye3r. 9ener81ing a dellL'II nf £2D,703 Resèrvès pollcy The diarily altns lo ke wilhln Ils Iiives1rn811l inwme and ils pD11¢y 1$ not lo erode the capi181011is Inv?$lmenlB so Ihal 51 can continué ID seive lh& ¢01 unlly olCh3rllon Kings IOT many years lo come. Trie Iruslfr¥s' annual report w85 approved on.... Iiuslees by.. Biid slgned on b8h81f of Ihe board of G 011 Truslee
Higgs & Cooper Educational Charity Independent Examin81's Report to the Trustees of Higgs & Cooper Educational Charity Yeai endèd 31 March 2025 I rewti lo Iha Iruslags on my examln?lion DI Ihe financial sldlemei)ts of Higgs & Gooppr Educational Charily I'lhe charity) foi the year ended 31 March 2025. Responslbllities and b&sis of Yeport A8 Ihe Iiuslees of Ihe chdilly you ar8 respoiisible foi IhB prep8r311on of the financial slalemenls In accordance with the requirameiils of the Chailtles Ael 2011 Clhe A¢t'l, I report in iespeGI ol my examination of Ihe phaiilvs linan¢ial slalemenls carried out undei se¢lion 146 of the 2011 A¢1 and In cariying out my examindli(In I ha follow8d all the applicable DlreGlions giveii by the Charily Commission un(ler se¢tion 14515llbl of Ih8 Acl. 117dopondent ?xamineT'5 5tatÈment I have compleled my 6xaminalion. I collflrm Ihat no malorial mallers h2ve com8 to my allenllon in connection wilh the examination givlng me cause lo believe that in 2ny material ie5pecl-. ac¢ounllng records were nol kept In reswct ol the charily as required by sedw)n 130 of the Act., or the lin8nGig1 slelemenls do nol 8ccord wilh those records.. or the finaii¢ial s121emenls do not compty with Ihe applicable requiremen18 concerning the feim and ¢onlonl ol accounts sel oul in Ihe C112rllies (Accounts and Repodsl RÈgulaliDns 2008 Olher than any qUIremen1 that the 8ccounls glve a'irue and fair vlew which is not a mallei considered as part ol an independenl examinalbn. I have no concerns and have come acr055 tEo olher mallÉr$ in connection with Ihe ex8tninalion lo wh1sh allenlion should be (frawn in this repori in ord&r lo 8nalAe a proper understanding of the a¢coun18 lo b8 18ach8d. Sheldon FCA Indepeiident Exatniner Midway House Slaveilon Technok>gy Paik Herrick Way. Slavetioii Chellenham, Glos, GL516TQ
Higgs & Cooper Educational Charity statement of Financial Activitie5 Year ond8d 31 March 2025 2026 Unreslri¢led funds Total funds Tolal funds 2024 Nole Income and Endowments Investfflenl income 27,572 27,572 27,572 27.572 24,399 Yot81 In¢om& 24.399 Expendlture Expendilure on raising fund5'. Inveslmenl management co&tS ExpendllLire on ehaiilable a¢tiviti8S Total expenditure 8.086 13,410 21.496 8,086 13,410 21,496 7,418 13,347 20.763 Nel l1oss8sllgalns on inv8simenl$ P5.8791 125,8791 98,029 Npt lexpenditurellincome net mov9ment In funds 119,8031 119.8031 101,665 Re¢onclllatlon of funds Total funds broughl fotward Total lunds carried forward 1.180.450 1,160,647 1,180,450 1.160.647 1.078.785 1,180,45D Th8 51alem8nl of financ121 activities include8 all gains and 5&0$ r8cogn156d In th? year. All income and exp8ndituie derive ffom ¢onlInui aclivllles. Tho notes on pauts 7 to 12 forir part Df thesè fln8n¢lal statements,
Hlggs & Cooper Educational Charlty statomgnt of Financlal Positlon 31 March 2026 2025 2024 lot¢ Flxed a$$ets InvBsimenl 13 1,079,459 1.112,428 CurrenEa58pI¥ CsBh al bank gnd in hand 82,869 70,004 CredltQl8'. amount5 falllng duè wlthiD one yetsy NBt¢uy¥ent assets Total a$sels It¥$ Current llabll1es 14 1,680 81.188 68,024 1.180.450 1,180,450 1,160,647 Neta8$elg 1,160,647 Funils olthÈ charity Unieslrided lunds 1,160,647 15 1.160,847 1.180,4tJO 1.180,450 These flnand81 slatomonly wèrè appr(wed by the board of Iruslees &nd aulholed for Issue OTJ and on> signed on behalf of the board by.. S P011 Trus19e Th• nDtsS on PByes 7 10 12fviTn ol Ihostfliianclal slaiemenls.
Higgs & Cooper Educational Charity Note5 to the Flnancial Statements Yèar end&d 31 March 2025 Genelal Iiiloymation The ¢harily is a publiG beiittfil enlily and a rogi818r&d eharily In England £nd Wales and Is unincorpoialèd. The 2ddres5 01 the prlnclpal office IS 37 Beeches Road, Charllon King5, Chelleiiham, Glou¢eslershiie. GL53 BNL, England. statement of compllanoe These linan¢ial slalemenls have been prepared In GDnIplian wlh FRS 102, 'The Financial Reporilng Standard applicable In the UK and lh8 Republlc of 118land', tlie S121em8nl of Recommetlded Pradlce applicab12 to chdrilies preparing their accounts ITr a¢¢ordance with the Fin2ncial Reporting S18nd8rd appll¢abl8 in the UK £nd Republic of Iieland IFRS 1021 Icharilies SORP IFRS 10211 and Ihe e.harilles Act 2011. A¢¢ountlng pollcle5 Basis OF proparatlon The flnancial slalements have been prepared on the historlcal cost basls. as modiliad by th8 revaltjalion ol ¢8rtain lin&n¢ial ass8ls and liabililie5 and investment propÈrties measuod al falr value Ihrough income or expenditure. The lii)2nci81 sl8lemenls 8re prepared in sterling, which l& the functional wrr8nw of the enlS1y. Golnu concom There are no material unwtalntS&$ aboul the chaiily's abllily to continue. Judgetnents and key sources of estimation unfjertalnty The preparat ol lh# financial slalemeD15 rqUIreS managetnenl lo make ludgemenls. èslimales and a%sumplions Ih81 effÈcl Ihe amounls repc)ried, Thes8 estimales and judgemeTrls ale conllnJ3lly reviewed 3nd a based on experlen¢e and other faGlors. including expe¢ialions of future evenls Ihat ale believ8d lo be rea50tTrablp und8r the circvtn51ances. Fund accounting Unresliicl6d funds 2Ie avallable lor use al the discrellon of the Iiuslees lo lurth&i any of the Chaiily's purposes. Oesignaled lunds 81e unreslrictad funds 6armse by Ihe Iluslees for particular fulure project or ¢ixnmilmenl. Reslricled funds are subj8cled lo rÈstridions on Iheir expèndilure declared by the donor or through the Iprms of an appeal. and f811 inlo ol Iwo sub-classes.. reslrlcled income lunds or endowtnenl funds.
Higgs & Cooper Educational Charity Notes to th8 Flnancial Statèments leoniiAuod) Year ended 31 March 2025 AcGounllng policies Icontlnued) Investhient 5ncome All incomlng resources are inolud8d in the slalemenl of financial a¢livilifrs when enlillement has passed to Ihe charity., il 1% probable Ihal Ihe economic bBnefils associated wllh the IiansaGlion wlll flow lo Ihe charily and Ihe amc)unl Gan be reliably measured. 'fhe following specific pollcies are applied lo partlGular cale9ories of in(A)me'. income Irom donations or granls is recognised when Iher81s evILlon( of enlillemenl lo the glft, receipt is probaN8 and ils arnoLinl can be mèasured iellably, legacy InGom8 is recognis&d when reGelpl Is PTobable and enlil18m8nl Is eslab118h8d. income from don&led goods Is tneasured al lh8 fsii value of the goods unless Ihls is iMpraleI lo measure reliably, In whlch case the valu918 deinied from the cost lo the donor or lh9 esliillated resale value. Dmaled facilllleg and 5eNlces are 18coqnlsed in lh8 accoun15 when received if Ihe value can be rellably measuied. No aMoun15 arg iD¢luded foi th8 conliibulion of general volunt8ei5. income from contraols lor Ihe supply ol sorvices is recognised with lh& delivery of Ilie contracted setvi¢e. This is classified as unie5tii¢léd funds unless ther8 is a conlraclu£l requirL+m8nl for il to be spent on a parfuIar purpo%e and returned if unspent, in whh cas8 il may be regarded a5 reslilcled. Re60urce5 expenderf Expendilure is r8COgiiispd cin ali scciuals basis as a liability 18 Incurred. Expgndilure indudes any VAT which cannot b& lully revertsd, and is das5ilied undgr headings ol the slalwn8nl of rinancial aCtIlIeS lo which tt relal8s'. expendilure ralglng funds inGlude5 the Costs E>f all fundraising acIDI1.88, evenis. non-¢h2rilable trading activities, the sa18 01 donaled goods. expenditure on charitable aclivilies include5 all ¢osls ineuired by a ch8rlly In undgrtaking activities that furthei Its Gharilabl8 aiffls for IhÉ b&n8fil ol ils beneficiaries, including those support tosls and cosls Iclaling lo the governance of the ¢harily apporiiunÈd lo ch81ilablp actlvilies. olhÉr expenditure include5 all expfyndilur8 Ihal is neither related lo rdisiag funds for the charity nor part of ils expenditure on chaiilable 8¢1ivilies. All ¢osls ale alEo¢aled lo expendlturè calegories rellecling the u5È of the resou Dir8Ct cos15 beiween the activitigs Ihey conlribulE lo on a r8a50nablp, justifiab and coiisislenl basls. Investmènts Unllsled eqully inweslmenls are Inillalty recorded al cost, and subs8quenlly m8asur8d al fair walua. If raif value fjannol be reliably measure(J, as1$ are measured al cosl less Impairment. Ll.%18d inveslrnénls ale measur8d al falr value wllh chatYJe5 In fair value belng recognised i income or expendi111.
Higgs & Cooper Educational Charity Notes to the Financial Statements l¢ontinuedJ YÈar ended 31 March 2025 Actounting policies Iconllntssdl Impalrment of flxed assets A review for Ind1¢91ors of impairtnenl is Larri8d out al oTracli reporting dale, willi the reGoveratle amoiinl being eslim81ed where such indiG8101s exlsl. Wherg the caiiylng value exce8ds Ihe recoverable amounl, the asset is impaiied ac(rdInglY. Plior impslrmenls are also revi8wed for possible reversal al tTrafyh repotbng dale. For the purposes ol impaitment testing. when il Is not possIe lo osllmale Ihe COverab amounl of an individLial asset, an È$limale is made of thè r8coverable amount ol th8 C8sh-generaling unil to whiGh Ihg ass81 belongs. The ca8h-yeneialing unil Is the smallest idenlifiable group DI assels that InclLJdes the asset and generbles (xsh inflows thal laigely Indepondenl ol the c2sh inflows ffom olher ass&ts or group5 01 assets. Foi iTnpalrmenl losling of goodwill. the goodwill acqiiiied In a bu8iness cornbinalivn Is, from Ihe acqiiisilion dale. alloc&led lo ea¢h of the cash-generaling units that ale expe¢led lo benefit frotn the syn&igl88 of the ¢omblnalion, irr8specllve ol whether other 8ssels or liabililies of the charity a asslgned to those unlls. Inveslmont income Unreslricled Total Funds Unreslricled Tot81 Funds Funds 2025 Funds 2024 Incoffl8 from ¢ash inveslnien15 Ballk inleresl recelvable 18,370 9,202 27,572 18,370 9,202 27,572 17,307 7,092 24,399 17,307 7.092 24.399 Invostment rnanag8m8nt C05ts Unr8stricted Total Fvnds UnTeslricled Total Funds Funds 2025 Funds 2024 Adminislrglion ol Invo$lm8nls 8.086 8.086 7,416 7,418 Expgnditure Dn ¢haritabl8 aCtivitlP5 by fund type unrest[led Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Granls paid lo individuals Grants paid Its schools Granls paid to olher Drganisalion5 Support costs 9,800 9,800 6,892 350 5,355 950 6.692 350 5.355 350 3,280 350 3,260 13,410 13,410 13,347 13,347
Higgs & Cooper Educational Charity Notes to the Financial Statements fconlinuodj Yoar ended 31 March 2025 Expondlture on charitablè activities by actlvity typo Grant fundlng Suppr)rt Total fund5 costs 2025 Tolal lund 2024 Grants pald lo indDiiduals Gianls paid to SGhools Gran15 pald lo ollier organisalions Govemance costs 9.800 9,800 6,692 350 5,355 950 350 350 3,260 3,260 10.15D 3,280 13,410 13,347 Analy818 of grants 2025 2024 Grants to In$tltutlon8 Gr2nls lo schools Granls lo other organi5allons 350 5,355 350 350 5,705 Giants to Indlvlduals Grants ID Indlvldual8 9,800 6,892 Totsl giants 10.150 12,397 Net Ilos5esllgains Inve5ttnpntS Unreslrlcled Total Funds Unr8slrict8d Total Funds FuDds 2025 Funds 20?4 Galnsllbsgosl on cash hdd for InvestnnI purposes G8insllbssesl on olher inveslmenl asse15 121.0851 121.0851 58.852 58,852 14,7941 125,8791 14,7941 125,8791 39,177 98,029 39,177 98,029 10. IndepÈndent Èxamlnatlon fees 2026 2024 Fee5 payable lo the IndependÈnl Èxamlner IDr. IndepETrndenl eKamlnation ol Ihe financial slalemenls 900 1. Stafl costs The avera9e head ¢uunl of employees during the year was Nil12024.. Nil) No employe8 ieceiv8d employ88 benefi18 of morg than £60,000 during Ihe ye8r12024.. NID. 10
Higgs & Cooper Educational Charity Notes to the Financial Statem8ntS IcfjnlinueLI) Year ended 31 March 2025 12. Trustee remunoratlon and expensÈ$ No rgmuneralion or other benelils from employment wllh lh8 chailly or a related entily wei& iec&wed by the IIu81ees. No Irusle& expenses have been Intyjrred. 13. Investfflent8 Cash or Gash equlvolents C05t or valatIon Al 1 Apiil 2024 Additions Disposa18 Fair value movement5 Other movemènls 1,112,426 65.416 168.0711 121,0851 19.2271 1,079,459 At 31 Mar¢h 2025 Impalrmenl At 1 April 2024 and 31 March 2025 Catrylng amount At 31 March 2025 1.079,459 1.112,426 Al 31 Mar¢h 2024 All Inveslmenls shown above are held 81 valuation. 14. Creditors: amounts falling dlte wlthin oiie year 2025 2024 A¢¢iu3ls and deleired income 1.e80 2,580 15. Analy515 of charltable funds UnrestrlGtgd funds At Gains and 31 March 20 losses 2S Al 1 April 2024 Income Exwdilui'e General funds 1,180.450 27.572 P1.4961 125.8791 1,180.647 Al 1 Aprll 2023 Galns and 31 March 20 bssES 24 Income Expendrture General lunds 1.078,785 24,399 120,7631 98,029 7,180,450 11
Higgs & Cooper Educational Charity Notes to the Finan¢lal Statements (conih)JodJ Year ended 31 March 2025 16. AnaSysls of nBt a888t$ betweeh funds Unreslrlcled Total Funds Funds 2025 Inveslmenls Curr8nl assels Credi10181888 Ihan 1 yeaT Net assets 1,081.529 82,867 12.5801 1.161,816 1,OBI,529 82,887 12,5801 1,161,816 Unreslricled Told Funds Funds 2024 Inveslm8nls U¥1 a8s(*Is Ciedilors less Ihan l year Not assets 1,112,428 70,604 12,580) 1,180,450 1,112,426 70,604 12.Jf801 1,180,4JO