2024-03-31-accounts - The Chipping Sodbury Endowed School Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	Trustees' Annual Report for the	Trustees' Annual Report for the	Trustees' Annual Report for the	Trustees' Annual Report for the	Trustees' Annual Report for the	Trustees' Annual Report for the	Trustees' Annual Report for the	Trustees' Annual Report for the	Trustees' Annual Report for the	ort for theperiod	ort for theperiod	ort for theperiod	ort for theperiod	ort for theperiod
			Period start date		Period start date					Period end date
			01	04			2023			31	03			2024
	From								To
Section A Reference and administration details	Section A Reference and administration details	Section A Reference and administration details	Section A Reference and administration details				Section A Reference and administration details
	Charity name				Charity name	Charity name	Chipping Sodbury Endowed School Foundation

Other names charity is known by		Other names charity is known by	Other names charity is known by		Other names charity is known by	Other names charity is known by
Registered charity number (if any) Charity's principal address					Registered charity number (if any)311700 Charity's principal address 32 The Street Didmarton Gloucestershire Postcode GL9 1DS ~~ee~~
Names of the charity trustees who manage the charity	Names of the charity trustees who manage the charity
	Trustee name	Office (if any)			Office (if any)			Dates acted if not for whole year					Name of person (or body) entitled to appoint trustee (ifany)
1 Alistair Gre	1 Alistair Gregson												SodburyTown Council
2 Adrian Rush	2 Adrian Rush												South Glos. Council
3 Ste	3 Stephen Young												Co-opted
4 Huw Llo	4 Huw Lloyd												Co-opted
5 Kate Pearce	5 Kate Pearce												Co-opted
7 Beck	7 BeckyRomaine												South Glos. Council
8 Ian Hod	8 Ian Hodgson												Co-opted
9	9
10	10
11	11
12	12
13	13
14	14
15	15
16	16
17	17
18	18
19	19
20	20 ~~==~~
	Names of the trustees for the charity, if any, (for example, any custodian trustees)			Names of the trustees for the charity, if any, (for example, any custodian trustees)			Names of the trustees for the charity, if any, (for example, any custodian trustees)					Names of the trustees for the charity, if any, (for example, any custodian trustees)
	Name							Dates acted if not for whole year

Section A Reference and administration details

Names of the charity trustees who manage the charity

TAR

April 2009

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

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

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

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) Adrian Rush Full name(s) Adrian Rush Position (eg Secretary, Chair, Vice Chair etc) 9[th] July 2024

TAR

April 2009

CC16a 311700 CHIPPING SODBURY ENDOWED SCHOOL FOUNDATION 01.04.2023 31.03.2024 No (if any) Receipts andpayments accounts Period start date Period end date To For the period from ~~ee~~	CC16a 311700 CHIPPING SODBURY ENDOWED SCHOOL FOUNDATION 01.04.2023 31.03.2024 No (if any) Receipts andpayments accounts Period start date Period end date To For the period from ~~ee~~
1
Section A Receipts and payments
Unrestricted funds Restricted funds Endowment funds Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
INVESTMENT INCOME - - 73,864 73,864 76,975 DONATIONS - - 17,500 17,500 17,500 BANK INTEREST - - 296 296 - - - - - - - - - - - - - - - - - - - - - - - - - - *Sub total*(Gross income for AR)- - 91,660 91,660 94,475 ~~=-===>==~~
A2 Asset and investment sales, (see table). - - - - - - - - - ~~*Sub total~~- - - - -* Total receipts - - 91,660 91,660 94,475 ~~—__—_———~~
A3 Payments CLAUSE 19 - - 30,000 30,000 30,000 CLAUSE 20 SCHOOL - - 18,150 18,150 30,000 CLAUSE 20 STUDENTS - - 93,311 93,311 14,400 ADMINISTRATION COSTS - - 250 250 250 CLERK FEES - - 5,196 5,196 5,200 BANK CHARGES - - - - - - - - - - - - - - - - - - - Sub total - - 146,907 146,907 79,850 A4 Asset and investment purchases, (see table) - - - - - - - - Sub total - - - - - *Total payments* - - 146,907 146,907 79,850 ~~==~~ ~~= ===~~ ~~——————~~
*Net of receipts/(payments)* - - - 55,247 - 55,247 14,625	14,625
A5 Transfers between funds - - - - -	-
A6 Cash funds last year end - - 139,317 139,317 124,692	124,692
*Cash funds this year end* - - 84,070 84,070 139,317	139,317

CCXX R1 accounts (SS)

10/07/2024

Section B Statement of assets and liabilities at the end of the period

Signature Adrian Rush Details CASH AT BANK Details *Total cash funds* (agree balances with receipts and payments account(s)) Details Details Evelyn Partners- fund managers 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 ADRIAN RUSH	Endowment funds to nearest £
		84,070

		-
		84,070
		OK
		Endowment funds to nearest £
		-
		-
		-
		-
		-
		-
		Current value (optional)
		2,074,003
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		-
		-
		-
		-
		When due (optional)






		Date of approval
Adrian Rush	ADRIAN RUSH	9TH JULY 2024

CCXX R2 accounts (SS)

10/07/2024

Independent examiner's report on the accounts Section A Independent Examiner’s Report ~~Ee~~ Report to the trustees/ Charity Name CHIPPING SODBURY ENDOWED SCHOOL FOUNDATION members of ~~Po~~ On accounts for the year 31[ST] MARCH 2024 Charity no 311700 ended (if any) ~~eeee eee~~ Set out on pages (remember to include the page numbers of additional sheets) ~~PO~~ 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 *)

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: Name: Relevant professional qualification(s) or body (if any):	Signed:Emel Lansdell Date:27/04/24 Name:Emel Lansdell Relevant professional qualification(s) or body (if any): ~~ee~~ ~~CCa~~

IER

April 2009

Address: 12 Berthas Field Didmarton GL9 1EB Section B Disclosure

Only complete if the examiner needs to highlight material problems.

IER

April 2009

Give here brief details of any items that the examiner wishes to disclose .

IER

April 2009