## **Trustees' Annual Report for the period**
Period start date Period end date 01 04 2020 31 03 2021 **From To**
## Section A Reference and administration details
**Charity name Other names charity is known by Registered charity number (if any)** 311700
Chipping Sodbury Endowed School Foundation
**Charity's principal address** 32 The Street Didmarton Gloucestershire **Postcode GL9 1DS**
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Linda Rush|||SodburyTown Council|
||Adrian Rush|||South Glos. Council|
||Stephen Young|||Co-opted|
||Huw Lloyd|||Co-opted|
||K Pearce||23.03.21 onwards|Co-opted|
||Katie Mansfield||01.04.2020 - 01.07.2020|Bristol University|
||Pat Trull|||South Glos. Council|
||Ian Hodgson||23.03.21 onwards|Co-opted|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
**Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
**TAR**
**April 2009**
1
## **Names and addresses of advisers (Optional information)**
**Type of adviser Name Address**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
- Type of governing document (eg. trust deed, constitution)
How the charity is constituted
Trust Deed
Endowed Foundation
- (eg. trust, association, company)
4 appointed by resolution of governors Trustee selection methods 2 appointed by South Glos. Council (eg. appointed by, elected by) 1 appointed by Sodbury Town Council
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C Objectives and activities**
To provide special benefits for Chipping Sodbury School and provide students with educational grants
**Summary of the objects of the charity set out in its governing document**
The benefits to School are not the kind provided by the LEA Students who benefit must be aged 25yrs or under and have attended Chipping Sodbury School for not less than two years or whose parents live in the ancient parish of Chipping Sodbury
**TAR**
**April 2009**
2
Awarding financial grants to Chipping Sodbury School and to students in line with the governing document of the Foundation – clauses 19 and 20
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
## **Additional details of objectives and activities (Optional information)**
Grants are awarded if applicants meet the following criteria:-
Under the governing scheme of this Foundation you can either apply for funding if you are in FULL TIME further education over the age of 18 yrs (maximum age to claim is 25yrs) or apply for apprenticeship funding.
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
If you are applying for apprenticeship funding you can only apply if the course is an official apprenticeship which would have to meet the following criteria;
a) Applicants must be working for a recognized company b) The course is not LEA funded
- c) Applicants must submit a letter stating the course is officially an apprenticeship and detailing start up costs
Apprenticeship funding is towards start up costs is a one off payment and will not be awarded each year.
**TAR**
**April 2009**
3
Section D Achievements and performance
**Summary of the main achievements of the charity during the year**
The Governors have continued to maximize the benefits the Foundation can offer to both students and Chipping Sodbury School.
The level of grant aid to individual students is £300 for this financial year.
During the year the Foundation has continued to work alongside Chipping Sodbury School to offer financial support in line with its governing documentation.
**TAR**
**April 2009**
4
## **Section E Financial review**
**Brief statement of the charity’s policy on reserves**
Reserves Policy – income not applied in any one year may be retained for application the following year. Any cash sums not required as working balances shall be treated as capital and invested.
**Details of any funds materially in deficit**
## **Further financial review details (Optional information)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
With regard to ethical investing:-
The Trustees agreed not to adopt a formal ethical policy but they agreed to review all investments (individual stocks and collective funds) on an annual basis to ensure that they met with the Trustees’ principles and ethical criteria. If any investment is considered not to be appropriate, an instruction will be made by the Trustees to Smith & Williamson to sell the relevant investment(s) and re-invest the proceeds appropriately.
- investment policy and objectives including any ethical investment policy adopted.
## **Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s)** _Stephen Young_
**Full name(s)** Stephen Young **Position (eg Secretary, Chair,** Chair **etc)** 20[th] September 2021
**TAR**
**April 2009**
5
|||**No (if any)**|||
|---|---|---|---|---|
|**CHIPPING SODBURY ENDOWED SCHOOL FOUNDATION**||**311700**|||
|**Receipts andpayments accounts**||||**CC16a**|
|01.04.2020
Period start date
**For the period**
**from**|**To**|31.03.2021
Period end date|||
|**Section A Receipts and payments**|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**49,747**
**17,500**
**-**
**-**
**-**
**-**
**-**
**67,247**
**-**
**-**
**-**
**67,247**
**30,000**
**-**
**19,500**
**298**
**4,650**
**-**
**-**
**-**
**-**
**54,448**
**-**
**-**
**-**
**54,448**
**12,799**
**-**
**86,923**
**99,722**|**Total funds**
**to the nearest £**
**49,747**
**17,500**
**-**
**-**
**-**
**-**
**-**
**-**
**67,247**
**-**
**-**
**-**
**67,247**
**30,000**
**-**
**19,500**
**298**
**4,650**
**-**
**-**
**-**
**-**
**54,448**
**-**
**-**
**-**
**54,448**||**Last year**
**to the nearest £**|
|INVESTMENT INCOME|**-**|||||**83,722**|
|DONATIONS|**-**|||||**20,000**|
|BANK REFUND OF FEES/INTEREST|**-**|||||**5**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|
**-**|||||**103,727**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
||**-**||||||
||**-**
|||||**-**|
|~~**_Sub total_**~~|**-**|||||**-**|
|**_Total receipts_ **
**A3 Payments**|||||||
|||||||**103,727**|
||||||||
|
CLAUSE 19|**-**|||||**30,000**|
|CLAUSE 20 SCHOOL|**-**|||||**45,000**|
|CLAUSE 20 STUDENTS|**-**|||||**22,200**|
|ADMINISTRATION COSTS|**-**|||||**250**|
|CLERK FEES|**-**|||||**4,650**|
|BANK CHARGES|**-**||||||
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**-**|||||**102,100**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
||**-**||||||
||**-**||||||
|**_Sub total_ **|**-**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**102,100**|
||||||||
||**-**|**-**|**12,799**|**12,799**||**1,627**|
||**-**|**-**|**-**|**-**||**-**|
||**-**|**-**|**86,923**|**86,923**||**85,296**|
||**-**|**-**|**99,722**|**99,722**||**86,923**|
CCXX R1 accounts (SS)
21/09/2021
1
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
_Stephen Young_
**Details**
CASH AT BANK
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
S&W INVESTMENT FUND
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**ENDOWED**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
STEPHEN YOUNG|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**99,722**|
|||||
||||**-**|
||||**99,722**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**2,164,240**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
||_Stephen Young_|STEPHEN YOUNG|20/09/2021|
|||||
CCXX R2 accounts (SS)
21/09/2021
2
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
|**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**
**Respective**
**responsibilities of**
**trustees and examiner**
**Basis of independent**
**examiner’s statement**
**Independent**
**examiner's statement**
**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**
**Address:**|Charity Name
CHIPPING SODBURY ENDOWED SCHOOL FOUNDATION|Charity Name
CHIPPING SODBURY ENDOWED SCHOOL FOUNDATION|Charity Name
CHIPPING SODBURY ENDOWED SCHOOL FOUNDATION|
|---|---|---|---|
|||||
||31STMARCH 2021|**Charity no**
**(if any)**|311700|
|||||
||1-3
(remember to include the page numbers of additional sheets)|||
||The charity's trustees are responsible for the preparation of the accounts.
The charity’s trustees consider that an audit is not required for this year
under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an
independent examination is needed.
It is my responsibility to:
•
examine the accounts under section 43 of the 1993 Act,
•
to follow the procedures laid down in the general Directions given by the
Charity Commission (under section 43(7)(b) of the 1993 Act, and
•
to state whether particular matters have come to my attention.
My examination was carried out in accordance with general Directions given
by the Charity Commission. An examination includes a review of the
accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from the
trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit, and
consequently no opinion is given as to whether the accounts present a ‘true
and fair’ view and the report is limited to those matters set out in the
statement below.
In connection with my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect,
the requirements:
•
to keep accounting records in accordance with section 41 of the 1993
Act; and
•
to prepare accounts which accord with the accounting records and
comply with the accounting requirements of the 1993 Act
have not been met ; or
2. to which, in my opinion, attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
*_Please delete the words in the brackets if they do not apply._
_C Jacob_
**Date:**28thMay 2021|||
||||28thMay 2021|
|||||
||CHRISTINA JACOB|||
|||||
||ICAEW (FCA)|||
|||||
||1 ST ARILDS ROAD, DIDMARTON GL9 1DP|||
1
**IER**
**April 2009**
## **Section B Disclosure**
Only complete if the examiner needs to highlight material problems.
2
**IER**
**April 2009**
**Give here brief details of any items that the examiner wishes to disclose** .
3
**IER**
**April 2009**