Page-1 STOKES CROFT EDUCATIONAL FOUNDATION ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charlty No: 311672 Page-2 STOKES CROFT EDUCATIONAL FOUNDATION CONTENTS Page General Information Annual Report Independent Examiners Report Statement of Financial Activilies Balance Sheet Notes to the Accounts Page-3 STOKES CROFT EDUCATIONAL FOUNDATION GENERAL INFORMATION REGISTERED CHARITY NO. 311672 REGISTERED OFFICE CHAIRMAN Ms S Pugh 193 Okebourne Road Brentry BRISTOL BS10 6RD HON. SECRETAR Y Mrs F Webster 120 Badger Road Thornbury BRISTOL BS35 1A0 PRINCIPAL BANKERS Cater Allen 9 Nelson Street Bradford Yorkshire BD1 SAN INVESTMENT MANAGERS Evetyn Partners EQ 111 Victoria Street Bristol BS16AX INDEPENDENT EXAMINER D. C. Cox F.C.A. Harwood, Lane & Co Chartered Accountants Units 1- 4 Crossley Farm Business Centre Swan Lane Wlnterboume BRISTOL BS36 1 RH TRUSTEES Members of the committee are elected by the Board of Trustees to servé a perlod of 6 years after which they may put themselves fO￿ard for reappolntment. CO-OPTED TRUSTEES Mr P. J. L. Wildman Mrs J. F. Whitaker Mrs S. J. Pugh Mr D. Langley Mr W. D. Hole Mrs L Cranness Mr S. Armsby (deceased 27 April 2024) Mrs C. Bryant-smith Mrs. F. Webster Ms. E. Mawditt Mrs C. Morgan Page-4 STOKES CROFT EDUCATIONAL FOUNDATION ANNUAL REPORT The Trustees present thelr report for the year ended 31 December 2024. Objectlves The objective of the Foundation as set out in a Trust Deed dated 25th May 1965, is the financial support of those In education. Revlew of the year and reserves pollcy 2024 2023 Total receipts for the year Less.. management and adminlslration payments 26,940 -8,714 18,402 -20,882 Income available for charitable granls in 2024 18,226 -2,480 Add.. undistrlbuted Income brought forward 7,207 24,039 Less: educatlonal and other grants made in year Plus.. transfer between funds -12,532 -14,352 Undistributed Income carried forward lo 2025 £12,901 £7,207 The charity alms to dlstribute its income each year In the form of grants subjecl to the re¢eipl of suitable grant appllcatlons. Undlstributed income is carried forward to the following year. To the extent that the charlty Is left with undistributed income, such Income may be invested and treated as part of the res8￿eS of the organlsation. The charlty alms lo maintain its capital reserves so that its Income generated from investments available for dlstrlbution is not diminished. Investment powerss pollcy and asselg The assets of the Foundation comprise quoted investments and authorised unit Irusts with a market value at 310ecember 2024 of £453,023. The inveslments are intended to provide a balanced mlx of Income and capital growth. The trustees take periodic professional advi￿ and keèp the performance of its inveslmenls under constant review. In additlon, the Foundation owns a playing field of approximately three acres let to 8rislol University. TRUSTEES, RESPONSIBILITY STATEMENT Charlty law requlres Ihe Truslees to prepare accounts for each financlal year which give a true and fair vlew of the state of affairs of the charlty and of its income and expenditure for that period. In preparing the attached accounts the Truslees ¢onslder the charfty has: used sultable accounting policies and then applled them consislently. made judgements and estlmales that are reasonable and prudent. stated whether applicable accountlng standards have been followed, subject to any material departures disclosed and explanations in the accounts; and has prepared the accounts on the going concern basis. Page-5 STOKES CROFT EDUCATIONAL FOUNDATION ANNUAL REPORT The Trustees have responsibility for maintaining proper accounting records which dlsclose with reasonable accuracy at anytime the financial position of Ihe charity and enable it lo ensure that the financial statements comply with the Charities Act. They also have responsibility for safeguarding the assets of the charity and hence for taking reasonable steps lo prevent and detect fraud and other irregularilies. MEMBERS OF THE BOARD Members of the Board, who are the Iruslees for the purpose of charlty law. who served during ihe year are sel oul on In accordance wlth charity law, as the charlty's Iruslees, we certify that= So far as we are aware, there is no relevant accounts information of which the charity's examiners are unaware., and As Iruslees of the charity we have taken all the steps that we ought lo have taken in order to make ourselves aware of any relevant audit information and lo establish that the charity's examiners are aware of that information. INDEPENDENT EXAMINERS Harwood Lane & Co were re-appointed as the charily's Independent Examiners during the year and have expressed their willingness to continue in that capacity. Name: Trustee F2thCls" M. IJEEsfEQ Date., 21 Iql 2025 Page-6 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STOKES CROFT EDUCATIONAL FOUNDATION I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 7 to 11. Respective responslbllltles of trustees and examlners The charity's Iruslees are responsible lor the preparation of the accounts. The charlly's Irustees consider that an audit is not required for this year (under sectlon 144(2) of the Charities Act 2011 1 the 2011 Act) and that an independent examination is needed. 11 is my responslbility lo.. Examine the accounts under section 145 of the 2011 Acl To follow the procedures laid down in the General Directions given by the Charlly Commission under section 14515)Ibl of the 2011 Act and To stale whether particular mallers have come lo my attention. Basls of Independent examlner's report My examlnation was carried out in accordance wllh the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideralion of any unusual terms or disclosures In the accounts and seeking explanations from you as Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required Sn an audit, and consequently no opinion is given as lo whether the accounts present a 'Irue and falr view, and the report is limited to those matters sel out in the next statement. Independent examiner's statement In connection with my examination, no matter has come lo my attention.. which gives me reasonable cause to believe Ihal in any material respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act., and to prepare accounts which accord with the accounting records and to comply with the accountlng requirements of the 2011 Act have nol been met., or lo which, in my opinion, attention should be drawn in order lo enable a proper understanding of accounts lo be reached. Qw (ol Iofv(o David Cox F.C.A. Harwood, Lane & Co Chartered Accountants Unlts 1- 4 Crossley Farm 8uslness Centre Swan Lane Winterbourne BRISTOL BS36 1RH Date.. 14 sor 201 Page-7 STOKES CROFT EDUCATIONAL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 TOTAL FUNDS 2023 TOTAL FUNDS General Funds Reserve Fund Notes Incomin Resources Investment Income Other Income 12,940 14.000 12,940 14,000 12,110 6,292 Total Incomlng Resources 26,940 26,940 18,402 enditure Direct Charitable Expenditure Management and Adminisliation of the Charity 12,532 12,532 14,352 8,714 8,714 20,882 Total Expendlture 21,246 21,246 35,234 (Deficitllsurplus for the Year 5.694 5,694 -16,832 Transfer Be￿een Funds Other Reco nised Galns Gainl{losses} on Investmenls Unrealised Realised 18,332 723 18.332 723 29.384 1.611 Nel Movement In Funds 5,694 19,055 24,749 14,163 Total Funds Brought Forward 7,207 436,776 443,983 429,820 Total Funds Carried Forward £12,901 £455,831 £468,732 £443,983 Page-8 STOKES CROFT EDUCATIONAL FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2024 Notes 2024 2023 FIXED ASSETS Inveslmenls 453,023 439,048 CURRENT ASSETS Debtors Cash at Bank and on Deposit 45 10,336 21,301 21,301 10,381 CURRENT LIABILITIES.. payable withln one year -5,592 -5,446 Net Current Assets 15.709 4,935 Total Assets Less Current Llabillties £468.732 £443.983 FUNDS Unrestricted 468,732 443,983 £468,732 £443,983 Hon. Secretary Chalrperson Approved on: On behalf of the Board of Trustees 1191iti2 Page-9 STOKES CROFT EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of Accountin The financial slalemenls have been prepared in accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} and the Charitles Act 2011. Stokes Crofl Educational Foundation meets the definition of a public benefit enlily under FRS102. Assets and liabilities are Initially recognlsed al historical cost or transaction value unless Othe￿Ise staled in the relevant accounting policy notes. Investments Investments are a form of basic financial Instrument and are initially recognised al their transaction value and subsequently measured at their fair value as al the balance sheet date using the closing quoted market price. The statement of activities Includes the net gains and losses arising on revaluation and disposals throughout the year. All gains and losses are taken to the Statement of Financlal Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value. Unrealised gains and losses are calculated as the difference between the falr value at the year end and their carrying value. Income Reco nition All Incoming resources are included In the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Voluntary income is recelved by way of granls, donations and gifls and is included in full in the Statement of Financial Activities when receivable. Grants, where enlitlemenl is not conditional on the delivery ol a specific performance by the charity, are recognised when the charlly becomes unconditionally entitled lo the grant. Investment income is included when receivable. Incoming resources from charitable trading activity are accounted for when earned, Incoming resource5 from grants, where related lo performance and specific deliverables, are accounted for as the charity earns the right to consideration by ils performance. Other income represents rental income in respect of pitch hire. Ex enditure Reco nltion Expenditure Is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which11 relates. Charitable expenditure comprises those costs Sncurred by the charity in the delivery of its activilles and services for its beneficiaries. 11 includes bolh costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page- 10 STOKES CROFT EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 MANAGEMENT AND ADMINISTRATION OF THE CHARITY Total Funds 2024 Total Funds 2023 General Funds Reserve Fund Honorarium Printing, Postage and Stalionery Room Hire Donations Smith and Williamson Charges Independent Examination Legal and Professional Fees 2,200 417 60 2,200 417 60 2,200 495 90 5,299 738 5,299 738 4,892 708 12,497 £8,714 £0 £8,714 £20,882 DIRECT CHARITABLE EXPENDITURE Grants Made £12,532 £0 £12,532 £14,352 FIXED ASSET INVESTMENTS 2024 2023 Market Value £453,023 £439,048 Historical Cost £252,318 £220,520 CASH AT BANK AND ON DEPOSIT 2024 2023 Bank Current Account Smith and Williamson Income Account Smilh and Williamson Cllent Account 18,589 1,150 1,562 6,602 2,286 1,448 £21,301 £10,336 DEBTORS 2024 2023 Investment Income Receivable Other Debtors 45 £0 £45 Page-11 STOKES CROFT EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 LIABILITIES: amounts falllng due wlthln one year 2024 2023 Accruals Other Credilors 2,077 3,515 1,946 3,500 £5,592 £5,446 ANALYSIS OF NET ASSETS BETWEEN FUNDS Net Current Assets Investments Total Unrestrlcted £453,023 £15,709 £468,732 TRUSTEES REMUNERATION One trustee received honorarium tolalling £2.200 in respect of administrative services. This amount has been approved by the Charity Commission (2023 - £2,200). 10. EMPLOYEES The Chaiity had no employees durlng the year.