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 P*a 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 P*a 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.* * -Tick as appropriate **1.2 Going concern** _**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
**Total**55,502 - - 55,502 15,102
Bank Interest Income
733 - - 733 64
- - - - -
- - - - -
- - - - -
**Total**733 - - 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** CC17a (Excel) 01/31/2024 8 ## **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| ||-|-| ||-|-| ||-|-| CC17a (Excel) 01/31/2024 9 ## **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**| ||**£**|**£**| ||-
|-| CC17a (Excel) 01/31/2024 10 ## **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**| |---|---|---| ||**£**
-|**£**
-| CC17a (Excel) 01/31/2024 11 ## **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**| ||**£**
-|**£**
-| |||| |||| CC17a (Excel) 01/31/2024 12 ## **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|| CC17a (Excel) 01/31/2024 13 **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| |||| CC17a (Excel) 01/31/2024 14 **17.6 Concessionary loans - N/A 17.7 Additional information - N/A** CC17a (Excel) 01/31/2024 15 ## **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| CC17a (Excel) 01/31/2024 16 **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.**_ CC17a (Excel) 01/31/2024 17 ## **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.**_ CC17a (Excel) 01/31/2024 18 ## **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.**_ CC17a (Excel) 01/31/2024 19 ## **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. CC17a (Excel) 01/31/2024 20 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 ufft*rtake 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￿*