Trustees' Annual Report for the period
Period start date Period end date 01 04 2021 31 03 2022 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 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 | Co-opted | |||
| Pat Trull | South Glos. Council | |||
| Ian Hodgson | 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
Trust Deed
- (eg. trust deed, constitution)
Endowed Foundation How the charity is constituted
- (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 The benefits to School are not the kind provided by the LEA Summary of the objects of the Students who benefit must be aged 25yrs or under and have attended charity set out in its Chipping Sodbury School for not less than two years or whose parents governing document 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)
5[th] July 2022
TAR
April 2009
5
| No (if any) | ||||
|---|---|---|---|---|
| CHIPPING SODBURY ENDOWED SCHOOL FOUNDATION | 311700 | |||
| Receipts andpayments accounts | CC16a | |||
| 01.04.2021 Period start date For the period from |
To | 31.03.2022 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 £ 79,420 17,500 - - - - - 96,920 - - - 96,920 30,000 21,150 15,900 250 4,650 - - - - 71,950 - - - 71,950 24,970 - 99,722 124,692 |
Total funds to the nearest £ 79,420 17,500 - - - - - - 96,920 - - - 96,920 30,000 21,150 15,900 250 4,650 - - - - 71,950 - - - 71,950 |
Last year to the nearest £ |
|
| INVESTMENT INCOME | - | 49,747 | ||||
| DONATIONS | - | 17,500 | ||||
| BANK REFUND OF FEES/INTEREST | - | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
- |
67,247 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - |
- | |||||
| ~~Sub total~~ | - | - | ||||
| Total receipts A3 Payments |
||||||
| 67,247 | ||||||
CLAUSE 19 |
- | 30,000 | ||||
| CLAUSE 20 SCHOOL | - | - | ||||
| CLAUSE 20 STUDENTS | - | 19,500 | ||||
| ADMINISTRATION COSTS | - | 298 | ||||
| CLERK FEES | - | 4,650 | ||||
| BANK CHARGES | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | - | 54,448 | ||||
| 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 |
||||||
| 54,448 | ||||||
| - | - | 24,970 | 24,970 | 12,799 | ||
| - | - | - | - | - | ||
| - | - | 99,722 | 99,722 | 86,923 | ||
| - | - | 124,692 | 124,692 | 99,722 |
CCXX R1 accounts (SS)
20/06/2022
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 B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details S&W INVESTMENT FUND Details Details Total cash funds (agree balances with receipts and payments account(s)) Details CASH AT BANK Details Signature Stephen Young |
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 £ |
|---|---|---|---|
| 124,692 | |||
| - | |||
| 124,692 | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 2,194,202 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Stephen Young | STEPHEN YOUNG | ||
CCXX R2 accounts (SS)
20/06/2022
2
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name CHIPPING SODBURY ENDOWED SCHOOL FOUNDATION members of
| members of | CHIPPING SODBURY ENDOWED SCH | OOL FOUND | TION |
|---|---|---|---|
| On accounts for the year ended Set out on pages |
31STMARCH 2022 | Charity no (if any) |
311700 |
| (remember to include the page numbers of additional sheets) |
Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity’s trustees consider that an audit is not required for this year trustees and examiner 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.
-
Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement 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.
-
Independent In connection with my examination, no matter has come to my attention
-
examiner's statement (other than that disclosed below *) 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
-
-
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.
Signed: Christina Jacob Date: 11[th] May 2022
Name: Christina Jacob Relevant professional ICAEW - FCA qualification(s) or body (if any):
1
IER
April 2009
Address: 1 St Arilds Road Didmarton GL9 1DP 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