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2023-07-31-accounts

CHARITY COMMISSION FOR ENGLANO AND WALES Trustees, Annual Report for the period From 1 St August 2022 to 31" July 2023 Charity name: Katherine Lady Berkle￿$ School Foundation Charity registration number: 311706 Objectives and Activities Summary of the purposes of the charity as set out in its goveming document P&a 1.17 The foundation is a pemianent charitable tnjst with income and property derived originally from the assets endowed by Katherine Lady Berkley in 1384. The goveming document states that any incomo should be applied in awarding to beneficiaries, Scholarships, Bursaries or maintenan￿ Allow8n￿S at pla￿S of leaming. financial assistance for educational purposes or providing. or assisting in the provision of faalities of any kind not normally provided by the Funding Authority to the sch(x)l. The objects of the charity are to provide financial assistance to allow beneficiaries in need of such assistance to pursue their education and provide facilities at the Academy not normally provided by the funding authorities. The trust owns 3.412 acres of the schrx)I site, which is leased to the Academy on a 125-year lease (x)mmencing 1 August 2011, as directed by the Secretsry of Sate under paragraph 4 of the Academies Act 2010. The trustees have read and have had regard to the guidance issued by Ihe Charity Commission on public benefft. Summary of the main activities in relation to those pury)oses for the public benefit, in particular, the activities, projects or seNces identified in the acfX)unts. Para 1.17 arKI 1.19 statement ￿nf1mlIng whether the trustees have had regard to the guidance issued by the Charity Commission on public benefrt Para 1.18 Addltional Information (optional) You ma choose to include further staternents where relevant about: Policy on grant making Para 1J8 Policy on social investment including program related investment Para 1.38

Contribution made by volunteers Other Parn 1.38 Achievements and Perfomiance SORP rel￿er￿e The charity has in this last year made Chantab￿ donations of £51.050,' detsils below: Summary of the main achievements of the charity. identifying the differeTr￿ the chariws work has made to the circUmstan￿S of its beneficianes and any wider benefits to society as a whole. Para 120 £50.000 donation made to Katherine Lady Berkley's School in June 2023 towards the replacement windows project for the Slan Sims Building, and £1,049.79 donation made lo Kathenne Lady Berkley's School in July 2023 to cover Special Prizes. Wellicome and Sport Fund expenses. Additlonal informatlon (optional) You ma chcM)se to include further statements vthere relevant about: Achievements against objectives set Perfornian￿ of fundraising activities against objectives set Investment perfomiance ainst ob"ectives Other P*8 1.41 Para 1.41 Para 1.41 Financial Review Review of the charivs financial position at the end of the period Pard 121 The charity has lotsl funds of £1,359.146 at 31 July 2023. The largest shares of these assets are investments (£1,223.384J' the balance is made up of cash balances held by the chartty1£65,915) and held by Rowan Dartin ton The Charity's policy is to retain sufficient cash to cover any committed expenditure and to source additional funds, if required from Ihe sale of investments maintained by Rowan Dartin ton. Total Funds of £1,359,146 at 31" July 2023. NIA Statement explaining the policy for holding reserves stating why they are held Para 122 Amount of reserves held Para 122 Reasons for holding zero reserves Details of fund materially in deficit Explanation of any un￿rtaIn￿"eS about the charity continuing as a going concem Para 122 Para 1.24 NIA Parn 1.r8 None - sufficient liquid funds held to cover the annual donats'ons made to the KLB School.

Additional information (optlonal) You ma chcose to include further statements where relevant about: The charity's principal sources of funds (induding an fundraisin Inveslment policy and objectives including any social investment policy ado ted A description of the prinapal risks facing the charity Pa 1.47 P• 1.46 Para 1.46 Other Structure, Governance and Management Descrlption of charitvs trusts: Type of goveming docufflent jirusi aeea, royal cnaner} The Goveming Document is Scheme No. 4879S made by the Secretary of State for Edu(xtion and Scienix under Section 18 of the Charities Act 1960 and sealed on 10 November 1964. incorporating Scheme No. 445S sealed 18 December 1986 and tha Modification Order made by the Secretary of State for Education on 29 July 2011 and correspondence with the Charity Commission. Trust Parn 125 How is the charity constituted? Parn125 )orated Trustee selection methods including detsils of any constitutional provisions e.g. election to post or name of any person or body entided to appoint one or more trustees P•8125 Appointed by existing Trustees Additional infomiation {optlonal) You ma choose to include further statements where relevant about: Policies and procedures Nla adopted for the induction and training of trustees The charity's organisats'onal structure and any wider ￿e￿Ork with which the chari works Relationship with any related parties Para 1.51 Nla Para 1.51 Nla Pa 1.51 Other Nla

Reference and Administrative details Chari name Other name the chari uses Re istered chari number Charity's prinopal address Katherine Lad Be￿e NIA 311706 The Clerk, 9 Burfeigh Way Wickwar, Wotton-under-Edge. GIou￿sterShIre 's School Foundation Names of the charity trustees who manage the charity Trusteo name Office {rf any Dates acted if not forwhole ear Chair Name of person lor body) èntit int trustee Ifan Existing trustees Existing trustees Margaret CLARKE lan Colin TRAYLING Leslie Ann CHASE Dr John Edward CORDWELL Jane Helen KENDELL Simon Bemard Valenine WESTON Vice Chair Existing trustees Existing trustees Existing truslees Existing trustees Cor orate trustees - names of the directors at the date the re Drrector n*F rtwasa roved NIA Name of trustees holding title to propety belonging to the charity Trustsè name ear NIA Funds held as custodian trustees on behalf of others Description of the assets Nla held in this ca aci Name and objecls of the charity on whose behaw the assets are held and how this falls within the custodian charil 's ob'ects Details of arrangements for safe custody and se re ation of such assets Nla Nla

from the charl￿S own assets Additional inforniation (optional) Names and addresses of advisers (Optional rnfomiation) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information} Exemptions from disclosure Reason for non-disclosure of ke nel details Other o tional inforniation Declarations The trustees declare that they have approved the trustees. report alx)ve. Signed on behalf of the charity's trnstees Signature(s) G Teague Full name(s} Graham Teague Position {eg Secretary, Chair, etc) CLERK Date 31112123

Katherine Lady Berkley's School Foundation
311706
Annual accounts for theperiod
1st August 2022
To
31st July2023
Charity No
(if any)
aa~~—————~~
FOR ENGLAND AND WALES		 Katherine Lady Berkley's School Foundation
311706
Annual accounts for theperiod
1st August 2022
To
31st July2023
Charity No
(if any)
aa~~—————~~
FOR ENGLAND AND WALES		 Katherine Lady Berkley's School Foundation
311706
Annual accounts for theperiod
1st August 2022
To
31st July2023
Charity No
(if any)
aa~~—————~~
FOR ENGLAND AND WALES		 Katherine Lady Berkley's School Foundation
311706
Annual accounts for theperiod
1st August 2022
To
31st July2023
Charity No
(if any)
aa~~—————~~
FOR ENGLAND AND WALES		 Katherine Lady Berkley's School Foundation
311706
Annual accounts for theperiod
1st August 2022
To
31st July2023
Charity No
(if any)
aa~~—————~~
FOR ENGLAND AND WALES		 Katherine Lady Berkley's School Foundation
311706
Annual accounts for theperiod
1st August 2022
To
31st July2023
Charity No
(if any)
aa~~—————~~
FOR ENGLAND AND WALES		 ~~ie~~
Section A Statement of financial activities Section A Statement of financial activities
Recommended categories by
activity		 Guidance Notes Unrestricted
funds		 Unrestricted
Restricted
income
funds
Endowment
funds		 Total funds Prior year
funds
£ £
£		 £ £
Incoming resources (Note 3) F01 F02
F03		 F04 F05
Income and endowments from:
Donations and legacies S01 - - - - - - - - - - - - - - - - - - - -
Charitable activities S02 - - - - - - - - - - - - - - - - - - - -
Other trading activities S03 - - - - - - - - - - - - - - - - - - - -
Investments S04 43,188 - 188 - 43,188 22 188 22,036
Separate material item of income S05 12,314 - - 12 314 - - 12 314 - - 12,314 - 6 314 - 6,934
Other S06 733 - - 733 64 733 - - 733 64 733 - - 733 64 733 - - 733 64
Total S07 56,235 - - 56 235 - - 56 235 - - 56,235 15 235 15,167

Other Total Resources expended (Note 6)

Expenditure on:

Expenditure on:
Raising funds S08
Investment Porfolio
Administration Fees		 7,194 - - 7 194 - - 7 194 - - 7 194 - - 7,194 7 194 7 194 7,323
Charitable activities S09 51,050 - - 51 050 - - 51 050 - - 51 050 - - 51,050 31 050 31 050 31,036
Separate material item of expense Land Registry
S10		 1,805 - - 1 805 - - 1 805 - - 1 805 - - 1,805 - 805 - 805 -
Other S11
Clerk Fees & Independent
exam fees		 1,150 - - 1 150 - - 1 150 - - 1 150 - - 1,150 1 150 1 150 1,150
Total S12 61,199 - - 61 199 - - 61 199 - - 61 199 - - 61,199 39 199 39 199 39,508
Net income/(expenditure) before investment Net income/(expenditure) before investment
gains/(losses) S13 - 4,964 - - - 4 964 - - - 4 964 - - - 4 964 - - - 4,964 - 24 964 - 24 964 - 24,342
Net gains/(losses) on investments S14 13,552 - - 13 552 - - 13 552 - - 13 552 - - 13,552 172 552 172 552 172
Net income/(expenditure) S15 8,588 - - 8 588 - - 8 588 - - 8 588 - - 8,588 - 24 588 - 24 588 - 24,169
Extraordinary items S16 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Transfers between funds S17 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use
S18		 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Other gains/(losses) S19 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Net movement in funds S20 8,588 - - 8 588 - - 8 588 - - 8 588 - - 8,588 - 24 588 - 24 588 - 24,169
Reconciliation of funds:
Total funds brought forward S21 1,350,558 - - 1 558 - - 1 558 - - 1 558 - - 1,350,558 1 558 1 558 1,374,727
Total funds carried forward S22 1,359,146 - - 1 146 - - 1 146 - - 1 146 - - 1,359,146 1 146 1 146 1,350,558
1

Section B Balance sheet

Guidance Notes
Fixed assets
Intangible assets (Note 15)
B01
Tangible assets (Note 14)
B02
Heritage assets (Note 16)
B03
Investments (Note 17)
B04
Total fixed assets
B05
Current assets
Stocks (Note 18)
B06
Debtors (Note 19)
B07
Investments (Note 17.4)
B08
Cash at bank and in hand (Note 24)
B09
Total current assets
B10
B11
Net current assets/(liabilities)
B12
Total assets less current liabilities
B13
B14
Provisions for liabilities
B15
Total net assets or liabilities
B16
Funds of the Charity
Endowment funds (Note 27)
B17
B18
Unrestricted funds
B19
Revaluation reserve
B20
Total funds
B21
Creditors: amounts falling due within
one year (Note 20)
Creditors: amounts falling due after
one year (Note 20)
Restricted income funds (Note 27)
Signed by one or two trustees on behalf of all
the trustees		 Guidance Notes
Fixed assets
Intangible assets (Note 15)
B01
Tangible assets (Note 14)
B02
Heritage assets (Note 16)
B03
Investments (Note 17)
B04
Total fixed assets
B05
Current assets
Stocks (Note 18)
B06
Debtors (Note 19)
B07
Investments (Note 17.4)
B08
Cash at bank and in hand (Note 24)
B09
Total current assets
B10
B11
Net current assets/(liabilities)
B12
Total assets less current liabilities
B13
B14
Provisions for liabilities
B15
Total net assets or liabilities
B16
Funds of the Charity
Endowment funds (Note 27)
B17
B18
Unrestricted funds
B19
Revaluation reserve
B20
Total funds
B21
Creditors: amounts falling due within
one year (Note 20)
Creditors: amounts falling due after
one year (Note 20)
Restricted income funds (Note 27)
Signed by one or two trustees on behalf of all
the trustees		 £
£
F01
F02
Unrestricted
funds
Restricted
income
funds		 £
£
F01
F02
Unrestricted
funds
Restricted
income
funds		 £
F03
Endowment
funds		 £
F04
Total this
year		 £
F05
Total last
year
- - - - -
- - - - -
- - - - -
1,223,384 - - 1,223,384 1,210,484
1,223,384 - - 1,223,384 1,210,484
- - - - -
- - - - -
69,846 - - 69,846 62,748
65,915 - - 65,915 77,326
135,762 - - 135,762 140,074
- - - - -
135,762 - - 135,762 140,074
1,359,146 - - 1,359,146 1,350,558
- - - - -
- - - - -
1,359,146 - - 1,359,146 1,350,558
- -
-
1,359,146
-		 -
- - -
1,359,146 1,350,558
1,359,146 - - 1,359,146 1,350,558
Signature Print Name Date of
approval
dd/mm/yyyy
G Teague Graham Teague 1/3/2024

CC17a (Excel)

01/31/2024

2

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support N/A the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the N/A going concern assumption doubtful; Where accounts are not prepared on a going N/A concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.		 1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.		 1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes
No		 ü * -Tick as appropriate
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes
No		 ü * -Tick as appropriate

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No ü * -Tick as appropriate

Please disclose:

Please disclose:
(i) the nature of the prior period error; Previously reported Accounts excluded
the following
Account Balances:
(i) Nat West Current Account balance at 31st July 2022
(£52,176) &
(ii) Rowan Dartington Prize Fund (CCLA Investment
Management Ltd) balance at 30th June 2022 (£35,965)
Also
the Prior Year Investments were mis-stated - they
were showing £1,183,705 - they are now showing
£1,210,000 as confirmed by Rowan Dartington
[Note - in future years balances will be provided at 31st
July each year]
(ii) for each prior period presented in the accounts,
the amount of the correction for each account line
item affected; and		 Assets previously understated at £1,235,633 at 31st July
2022 and have now been restated to:
(i) Include the Nat West current account balance & the
Rowan Dartington Prize Fund &
(ii) Restated Investment position for 31st July 2022,
So revised asset value at 31st July 2022 is:
£1,350,557 [ Prior Year £1,235,633 + Nat West
£52,175.55 + Rowan Dartington Prize Fund £35,965 +
small adjustments £5 + Investment Porfolio opening
balance correction +£26,779]
(iii) the amount of the correction at the beginning of
the earliest prior period presented in the accounts.		 Nat West current account balance, Rowan Dartington
account balance & confirmed Investment balances now
reflected within the balance sheet value at 31st July 2023

CC17a (Excel)

01/31/2024

3

Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please provide a description of the nature of each change N/a in accounting policy Reconcilation of funds per previous GAAP to funds determined under FRS 102 Start of End of period period £ £ Fund balances as previously stated Adjustments:

Fund balance as restated

Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102 End of period£ Net income/(expenditure) as previously stated Adjustments: Previous period net income/(expenditure) as restated

CC17a (Excel)

01/31/2024

4

Section C Notes to the accounts (cont)

Note 2 Accounting policies
2.2 INCOME		 Note 2 Accounting policies
2.2 INCOME		 Yes
No
N/a		 Yes
No
N/a		 Yes
No
N/a
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where
different or additional policy has been adopted then this is detailed in the box below.		 a
2.3 EXPENDITURE AND LIABILITIES
Liability recognition
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
Provisions for liabilities
2.4 ASSETS
These are capitalised if they can be used for more than one year, and cost at least
N/A
They are valued at cost.
The depreciation rates and methods used are disclosed in note 9.2.
Intangible fixed assets
They are valued at cost.
Heritage assets
They are valued at cost.
Investments
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors
Current asset investments
They are valued at fair value except where they qualify as basic financial instruments.
Investment gains and
losses
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
Tangible fixed assets for
use by charity
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
N/A
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
Yes
No
N/a
ü
N/A

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income
Analysis
Total funds
Prior year
£
£
Interest income
- - - - -
Dividend income
43,188 - - 43,188 22,036
Rental and leasingincome
- - - - -
Other - Porfolio Sales /(Purchases)
12,314 - - 12,314 - 6,934
Total55,502 - - 55,502 15,102
Bank Interest Income
733 - - 733 64
- - - - -
- - - - -
- - - - -
Total733 - - 733 64
TOTAL INCOME
56,235 - - 56,235 15,167
Other information:
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Income from
investments:
Separate
material item
of income:		 Analysis
Total funds
Prior year
£
£
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Interest income - - - - -
Dividend income 43,188 - - 43,188 22,036
Rental and leasingincome - - - - -
Other - Porfolio Sales /(Purchases) 12,314 - - 12,314 - 6,934
Total 55,502 - - 55,502 15,102
Bank Interest Income 733 - - 733 64
- - - - -
- - - - -
- - - - -
733 - - 733 64
56,235 - - 56,235 15,167
All income in the prior year was unrestricted except for: (please
provide description and amounts)		 All Unrestricted
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
N/A
N/A
Within the income items above the following items are material:
(please disclose the nature, amount and any prior year
amounts)		 N/A

CC17 (E l)

01/31/2024

6

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Seconded staff
Use of property
Other		 Thisyear This year
Last year
£
£		 This year
Last year
£
£
- -
- -
- -
- -
Lastyear
Please provide details of the
accounting policy for the recognition
and valuation of donated goods,
facilities and services.
Please provide details of any unfulfilled
conditions and other contingencies
attaching to resources from donated
goods and services not recognised in
income.
Please give details of other forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid volunteers.

CC17a (Excel)

01/31/2024

7

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis
Expenditure on raising funds:		 This year
Last year
Total funds
Total funds
£
£
Unrestricted
funds
Restricted
income funds
Endowment
funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 This year
Last year
Total funds
Total funds
£
£
Unrestricted
funds
Restricted
income funds
Endowment
funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 This year
Last year
Total funds
Total funds
£
£
Unrestricted
funds
Restricted
income funds
Endowment
funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 This year
Last year
Total funds
Total funds
£
£
Unrestricted
funds
Restricted
income funds
Endowment
funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 This year
Last year
Total funds
Total funds
£
£
Unrestricted
funds
Restricted
income funds
Endowment
funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 This year
Last year
Total funds
Total funds
£
£
Unrestricted
funds
Restricted
income funds
Endowment
funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 This year
Last year
Total funds
Total funds
£
£
Unrestricted
funds
Restricted
income funds
Endowment
funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds		 This year
Last year
Total funds
Total funds
£
£
Unrestricted
funds
Restricted
income funds
Endowment
funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Investment management costs: 7,194 - - 7,194 7,323 7,323
Total expenditure on raising funds 7,194 - - 7,194 7,323 - - 7,323
Expenditure on charitable activities:
Headteacher - Grants 50,000 - - 50,000 30,000 - - 30,000
Headteacher - Prizes 1,050 - - 1,050 1,036 - - 1,036
Total expenditure on charitable
activities		 51,050 - - 51,050 31,036 - - 31,036
Separate material item of expense
Solicitor Fees - Land Registry 1,805 - - 1,805 - - - -
Total 1,805 - - 1,805 - - - -
Other
Clerk Fees 1,000 - - 1,000 1,000 - - 1,000
Independent Examination Fees 150 - - 150 150 - - 150
Total other expenditure
TOTAL EXPENDITURE		 1,150 - - 1,150 1,150 - - 1,150
61,199 - - 61,199 39,508 - - 39,508

Other information: N/A

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Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Independent examiner’s fees
Assurance services other than audit or independent examination
Tax advisory fees
Other fees (for example: financial advice, consultancy, accountancy services) paid
to the independent examiner		 This year
£		 Last year
£
150 150
- -
- -
- -

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Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees.

11.1 Staff Costs

Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
Total staff costs
This year:		 This year
£		 Last year
£
- -
- -
- -
- -

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

Band Number of employees Number of employees
This year
-		 Last year
-
£60,000 to £69,999
£70,000 to £79,999 - -
£80,000 to £89,999 - -
£90,000 to £99,999 - -
£100,000 to £109,999 - -
Please provide the total amount paid to key management
personnel (includes trustees and senior management) for their
services to the charity. For specific amounts paid to trustees, see
Note 28.
Thisyear Lastyear
£ £
-
 -

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11.2 Average head count in the year

The parts of the charity in which the employees work

This year
Number		 Last year
Number
Fundraising - -
Charitable Activities - -
Governance - -
Other - -
Total - -

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

This year Last year This year Last year

Please explain the nature of the payment

Please state the legal authority or reason for making the payment

Please state the amount of the payment (or value of any waiver of
a right to an asset)		 Thisyear Lastyear
£
-		 £
-

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11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment
The extent of redundancy funding at the balance sheet date
The nature of the payment (cash, asset
etc.)
Please state the accounting policy for any redundancy or
termination payments		 Thisyear Lastyear
£
-		 £
-
Thisyear Lastyear
£
-		 £
-

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Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

-
-
Carrying (fair) value at end of year
-
Cash & cash
equivalents
Carrying (fair) value at beginning of
period
Add/(deduct):net gain/(loss) on
revaluation
Please specify additions resulting from*
acquisitions through business combinations, if
any.**		 Cash & cash
equivalents
Listed
investments		 Investment
properties		 Social
investments		 Other Total
- 1,210,484 - - - 1,210,484
- 12,900 - - - 12,900
- 1,223,384 - - - 1,223,384
N/A

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

This year: Analysis of investments

This year:
Analysis of investments
Cash or cash equivalents
Listed investments
Investment properties
Social investments
Total
Grand total (Fair value at year end+Cost less impairment)
Other investments
Fair value at year end Cost less impairment
£ £
- -
1,223,384
- -
- -
- -
1,223,384 -
1,223,384

Last year: Analysis of investments

Analysis of investments
Cash or cash equivalents
Listed investments
Investment properties
Social investments
Total
Grand total (Fair value at year end+Cost less impairment)
Other investments
Fair value at year end Cost less impairment
£ £
- -
1,210,484
- -
- -
- -
1,210,484 -
1,210,484

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17.3 If your charity holds investment properties, please complete the following note: N/a 17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset investments
Cash or cash equivalents
Listed investments
Investment properties
Social investments
Total
17.5 Guarantees - N/A
Other investments		 This year Last year
£ £
69,846 62,748
- -
- -
- -
69,846 62,748

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17.6 Concessionary loans - N/A 17.7 Additional information - N/A

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Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand
Short term cash investments (less than 3 months maturity date)
Short term deposits
Cash at bank and on hand
Other
Total
This year
£		 Last year
£
- -
25,150 25,150
40,765 52,176
- -
65,915 77,326

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Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee Legal authority (eg
order, governing
document)		 Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value
Remuneration Pension
contribution		 Redundancy
(including
loss of
office)/ex
gratia		 Other TOTAL
£ £ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee Legal authority (eg
order, governing
document)		 Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value
Remuneration Pension
contribution		 Redundancy
(including
loss of
office)/ex
gratia		 Other TOTAL
£ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

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28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)

Type of expenses reimbursed This year Last year
£ £
Travel - -
Subsistence - -
Accommodation - -
Other (please specify): - -
- -
TOTAL - -

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

There have been no related party transactions in the reporting period (True or False)

Name of the trustee or
related party
Relationship
to charity		 Description of the
transaction(s)		 Amount Balance at
period end		 Provision for bad debts
at period end
Amounts
written off
during
reporting
period
£ £ £ £

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

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Last year

There have been no related party transactions in the reporting period (True or False)

Name of the trustee or
related party
Relationship
to charity		 Description of the
transaction(s)		 Amount Balance at
period end		 Provision for bad debts
at period end
Amounts
written off
during
reporting
period
£ £ £ £

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

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Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

(1) Further detail on figures quoted in Notes 17.4 'Current Asset Investments' - this cash is held in separate accounts, all maintained by the Investment Management Company, Rowan Dartington. At 31st July 2023 the balances were as follows: Rowan Dartington Capital Account £29,675.34 (2022: £24,563.47), Rowan Dartington Income Account £3,553.89 (2022: £2,219.50) & Rowan Dartington Prize Fund £36,617.00 (2022: £35,965.00)

(2) The Independent examiner tried to determine original source of Investment Funds; from prior records shared by the Clerk to the Trustees, there is nothing specific on this. The reasonable assumption is funds were originally generated from sale of land previously owned by the trust and its these funds that were subsequently invested and whose value is reflected in these accounts.

(3) It is recommended that Rowan Dartington, the Investment Management Company, provide an Annual Portfolio Valuation review that mirrors the Charity's year end reporting i.e. for the year to 31st July. Currently quarterly assessments that align to a Calander year which makes it harder to form an annual overview.

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesldirectorsl members of kArtlE¢AE LAe>Y BELtL￿5 ScthoL On accounts for the year ended 31 23 UL Charity no.: 3iiioL Company no.: Set out on pages I rewrt to the charity trustees on my examination of the ac£ounts of Ihe Company for the year end&J Responsibilitles and basis of report As the chartws trustees of the Company (who are also the directors of the company for the purp)ses of company law). you are responsible for the preparation of the a¢￿UnIS in accordan￿ with the requirements of the Companies Act 2006 {Ihe 2LK)6 Act.). Having satisfied myself that the ￿)Unts of the Company are not required to be audrted for this year under Part 16 of the 20￿ Act and are eligible for independenl examina"on, I rep￿ in re$rEcl of my examination of your chartivs ￿lUnts as carried out under section 145 of the Charities Act 2011 (Ihe 2011 A¢f). In carrying out my examination, I have followed the Directions gNen by the Charity Commission (under section 14515llb) ofthe 2011 Act. Independent examinerfs ststement he companvs gross ir￿orne exce&J&J £250.000 and l am qualffied to ufftrtake the examination by being a qualif￿ TrEmber of liF￿rt￿ I CAE I have coMp￿t￿ my examination. I confimi that no material matters have come to my attention (other than that disclosed k*bw"I which gives me cause to telieve that.. . accounb.ng reuxds V•Ere not kept in accordancE with section 386 of the CoMpan￿S Act 2006." . the acLounts do not accord wth such records.. or . the ac£ounts do not compty with relevant accounting requirements under seCt￿n 396 of the Compantes Ad 2006 other than any requirement that the accounls gNe a 'tnE and fairf view which is not a matter considered as part of an independent examination" or .the a¢(￿nts have not prepared in aorotdance with the CharFties SORP {FRS102) IER October 2018

I have no cOn￿mS and have come ￿rosS no other matters in connection wsth Ihe examination to vthich attents.on should be drawn in this rewrt in order to enable a proper understsnding of the aC￿unts to FR re&hed. . ￿ dekte the wonls in the brdckets rfthey do not apply. Signed: Date: 2oz Name: CEfftRf) s￿ PHE￿ PITh1￿*<LL Relevant professional qualification{sl or body {if any): I cAE¥J FCA Address: icttsJR£ CLIZ 8 Le -LOV Cr S TEQsHI£E Section B Disclosure Only complete if the examiner needs to hvJhlight material matters of cOn￿M (see CC32, Independent examination of charty accounts.. directions and guidance for eyAmlne￿). Give here brief details of any items that the examiner wishes to disclose. viowl I fril .15 v&J_ oz2 io 48L IER October 2018