Katharine Lady Berkeley's School Foundation Registered Charity No. 311706 Trustees, Re ort for the Year Ended 31 Jul 2024 Governors of the Foundation and Trustees of the charity during the year were: Mrs Margaret Clarke {Chairman of Trustees) Mrs Lesley Ann Chase Dr John Edward Cordwell * Mrs Jane Helen Kendall Mr lan Colin Trayling and Mr Simon Weston The Foundation is a permanent charitable trust with income and property derived originally from the assets endowed by Katharine Lady Berkeley in 1384. The Governing Document is Scheme No. 4879S made by the Secretary of State for Education & Science under Section 18 of the Charities Act 1960 and sealed on 10 November 1964. Scheme No. 445S sealed on 18 December 1986 deletes "Grammar" from the title. A Scheme Modification Order, issued by the Secretary of State for Education on 29 July 2011, includes power to sell, transfer or lease property to be held on trust for the purposes of an Academy. The Trustees of the charity are the Governors of Katharine Lady Berkeley's School Foundation. New Trustees of the charity are appointed by the existing Governors. The Articles of A55ociation of the Academy Trust, Katharine Lady Berkeley's School {company no. 07696921), replace the Instrument of Government in the Scheme. The Articles of Association of the Academy Trust entitle the Foundation Trustees to appoint up to six governors of the Academy. Currently there are two appointed governors who are not Foundation Trustees,). The Academy Trust has determined that membership of the governing body of Katharine Lady Berkele¢s School shall be co-terminus with the Academy Trustees. The objerts of the charity are to provide financial assistance to allow beneficiaries in need of such assistance to pursue their education and to provide facilities at the Academy not normally provided by the funding authorities. The trust owns 3.412 acres of the school site, which is leased to the Academy on a 125-year lease commencing l August 2011, as directed by the Secretary of State under paragraph 4 of the Academies Act 2010. In furtherance of these objects, the trustees invest in equities, managed funds, government stock and cash funds and deposits to generate income and maintain a balanced portfolio. The accumulated income generated allowed grants to the Academy of £63,074. The management of the portfolio by Rowan Dartington remainson a discretionary basis, on a medium risk balanced model. Income has increased from 2022/2023 level {17.60A increase) whilst net assets increased by 2.730A. The cost of investment management accounted for £7,132 of administration costs. NON PALMA SINE PVLVERE The reserves held by the Trustees are in the form of the investments. The Trustees att as custodian of several small funds designated for the provision of prizes for the Academy, which are invested in the CCLA COIF Investment Fund. Bankers: Natwest Bank plc. CCLA Investment Management Ltd, Rowan Dartington & Co Ltd. Signed.. Chairman of Trustees, date: +, o>+ Graham Teague, Clerk to the Trustees, 9 Burleigh Way, Wickwar, Wotton-under-Edge, Gloucs., GL12 8LR 07525251206 klbsfoundation@outlook.com
CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1st August 2023 to 31st July 2024 Charity name: Katherine Lady Berkley's School Foundation Charity registration number: 311706 Objectives and Activities SORP reference Para 1.17 Summary of the purposes of the charity as set out in its governing document The foundation is a permanent charitable trust with income and property derived originally from the assets endowed by Katherine Lady Berkley in 1384. The governing document states that any income should be applied in awarding to beneficiaries, Scholarships, Bursaries or Maintenance Allowances at places of learning, financial assistance for educational purposes or providing, or assisting in the provision of facilities of any kind not normally provided by the Funding Authority to the school. 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 school site, which is leased to the Academy on a 125-year lease commencing 1st August 2011, as directed by the Secretary of Sate under paragraph 4 of the Academies Act 2010. The trustees have read and have had regard to the guidance issued by the Charity Commission on public benefit. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Additional information (optional) You ma choose to include further statements where relevant about: SORP reference Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38
Contribution made by volunteers Other Para 1.38 Achievements and Performance SORP reference The charity has in this last year made charitable donations of £64,128- details below: Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 £63,074 donation made to Katherine Lady Berkley's School in March 2024 for PCS for two classrooms (in support of languages, DT and new computing A-level offered at the school) and 68 software licences £1,054 donation made to Katherine Lady Berkley's School in July 2024 to cover Special Prizes, Wellicome and Sport Fund expenses. Additional information (optionall You ma choose to include further statements where relevant about: Achievements against objectives set Perfomiance of fundraising activities against objectives set Investrnent performance ainst ob'ectives Other Para 1.41 Para 1.41 Para 1.41 Financial Review Review of the charity's financial position at the end of the period Para 1.21 The charity has total funds of £1,376,682 at 31 St July 2024. The largest shares of these assets are investments (£1,271,207)., the balance is made up of cash balanS held by the charity (£41,009) and held by Rowan Dartington (Prize Fund: £39,315 & COIF Charities De osit Fund £25,150 The Charity's policy is to retain sufficient cash to cover any committed expenditure and to source additional funds, if required from the sale of investments maintained by Rowan Dartin ton. Total Funds of £1 ,376,682 at 31st July 2024. N/A statement explaining the policy for holding reserves stating why they are held Para 1.22 Amount of reserves held Par8 1.22 Reasons for holding zero resenies Details of fund materially in deficit Para 1.22 Para 1.24 NIA
Explanation of any uncertainties about the charity continuing as a going concern Para 1.23 None - sufficient liquid funds held to cover the annual donations made to the KLB School. Additional information (optional) You ma choose to include further statements where relevant about: The charity's principal sources of funds (including an fundraisin Investment policy and objectives including any social investment policy ado ted A description of the principal risks facing the charity Para 1.47 Para 1.46 Para 1.46 Other Structure, Governance and Management Description of Gharity's trusts.. Type of governing document The Governing Document is Scheme No. 4879S made by the Secretary of State for Education and Science under Section 18 of the Charities Act 1960 and sealed on 1 Oth November 1964, incorporating Scheme No. 445S sealed 18th December 1986 and the Modification Order made by the Secretary of State for Education on 29th July 2011 and Corresponden with the Charity Commission, Trust Para 125 Iti Ub'i ivyal Icii Idl j How is the charity constituted? Para 1.25 )orated '.()Liatioii I Li) Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Appointed by existing Twstees Additional information (optional) 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 organisational structure and any wider network with which the charit works Relationship with any related parties Para 1.51 Nla Para 1.51 Nla Para 1.51 Other Nla
Reference and Administrative details Charit name other name the charit uses Re istered charit number Charity's principal address Katherine Lad Berkle NIA 311706 The Clerk, 9 Burleigh Way Wickwar, Wotton-under-Edge, Gloucestershire 's School Foundation Names of the charlty trustees who manage the charity Date5 acted if not for whole ear Trustee name Office lif any) Name of person lor body) entitled toa oint trustee ifan Existing trustees Existing trustees Margaret CLARKE lan Colin TRAYLING Chair Vice Chair Leslie Ann CHASE Existing trustees Existing trustees Dr John Edward CORDWELL Jane Helen KENDELL Existing trustees Simon Bernard Valenine WESTON Existing trustees Cor orate trustees - names of the directors at the date the re Director name ortwasa roved NIA Name of trustees holding title to property belonging to the charity Trustoe name Dates acted if not for whole ear NIA Funds held as custodian trustees on behalf of others Description of the assets Nla held in this ca acit Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charit 's ob'ects Details of arrangements for safe custody and se re ation of such assets Nla Nla
from the charity's own assets Additional information (optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) Nla Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary, Chair, etc) CLd*L Date LS-
CHARITY COMMIS510N FOR ENGLAND AND WALES Katherine Lady Berkley's School Foundation Charily No lif an I 311706 Annual accounts for the period To 1st August 2023 31 st Jul 2024 Section A Statement of financial activities Restricted income funds Recommended categories by activity Unrestrictsd funds Endowment funds Prior year funds Totsl funds Incoming resources (Note 3) Income and endowments from.. Donations and legacies Chantable aetivilie$ Other Irdding acts'vrties Investments F01 F02 F03 F04 F05 S01 S02 S03 S04 48,645 24,315 1,473 74,433 48,645 24,315 1,473 74,433 43,188 12,314 733 56,235 Separale material item of In¢orng Other S05 so6 Total Resources expended (Note 6) Expgnditure on: Rai6ing funds S07 Investment Porfolio Admini8lr8111)n F888 S08 7,132 64,128 7,132 64,128 7,194 51,050 1,805 1,150 61,199 Charitable activities Separato malonal Il•rn ol expense Oth•r S09 S10 Land Registry Clark Fees & Indèpèndant exam fees S11 1,150 1,150 72,410 Total S12 Net Incomel{expenditure) before investment gainsl(losses) S13 2,023 75,520 77,543 2,023 75,520 77,543 4,964 13,552 8,588 Net gainslllossesl on inveglment8 S14 S15 S16 S17 Net incomellexpenditure) Extraordinary items Transfers between funds Othèr recognised gainsl(losses): Galns 8rKJ1085es on revaluation of fixed a9sets for the ch&nty'$ own u$& Othw gain311103sesI Net movement In funds S18 819 S20 77,543 77,543 Reconclllatlon of funds.. Total funds brought forward Total funds carried fonvard S21 1,299,138 1,376,682 1,299,138 1,376,682 1,323,774 1,299,138 S22
Section B Balance sheet Restricted income funds Unrestricted funds Endowment Totsl this funds year Total last year Fixed assets Intangible assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 (Note 15) (Note 14) (Note 16) (Note 17) Total fixed assets B01 802 B03 B04 1,271,207 1,271,207 1,196,606 B05 Current assets Stocks (Note 18) Debtors {Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets B06 B07 608 B09 102,532 102,5 B10 Creditors: amounts falling due within one year (Note 20) B11 Net current assets/(IAabllltles) B12 Total assets less current liabilitles 813 Creditors: amounts falling due after one year (Note 20) Provlsions for liabilities B14 B15 Total net assets or liabilities B16 1,376,682 1,376,682 1,299,138 Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve B17 B18 B19 1,376,682 1,376,682 1,299,138 B20 Total funds B21 1,299,1 Signed by one or trustees on behalf of all the trustees Date of approval ddlmml Signature Print Name CC17a (Excel) 2110312025
Section C Motes to the accounts l¢ontl Note 2 2.2 INCOME Accounting policle5 Thiss18nd81tsDstofaGnoXeS4$beeft apph"pd)ylh8 charity8xc8Pllorthose tl¢kèd'No"orwa" Whe Oiff&fft1OradthtiOn9lpQtyaS 0eeft3dopl8dlhen 1his1$d81jrt the Itwestmentgaing l¢Jsses ThSs Irdud6s8nyfealisgd orunreali5ed 9aln5 or1055es on the sBle of Invfrsents and any yain oriDSS r05ulting frn revAIuillg InstrntS to rnwkol v8lue&t tha Of the year. Yès 2.3 EXPENDITURE AND LIABILITIES Llablltty reGognS110 Liabil£sarE reCagnI5 whore moro 11k8Eyth not maith8re18 8 le9 or rn51rucllve obligaiKiTr the to P8yOUt1er¢eSad 4rMunl¢f the 0blKJ8ln b8 m888uredvthh reastsnablè certainty Support (fj$lS h8ve b2en 41locBd befyv2en govemanee co$is 8nd 0[$upporL Govefflance cosis Cpn3e all St$ involving arrountstslity ol Ch£tyd I mp19ntsth rbgulatrm and good pra2 es Gov•rnanc andJupport ¢o$l$ SurKn)rt $15 includ8 c8niral funGtitrns and hav& Len allocat9d lothity¢osi ca¥De$ on a ba¥15 consleIl the use of $9r¢6$, eg alocen9 property L¥st8 byftowx¥8as. orptrrrapila, CO5)Y th $p9nl end Olhw co$18 by Ihrusag&. Where the ¢h8Mtyolve9 8or8nl¥Ih nboTh&forit$ paymenEbging a spedflc1gv&lof $wvKo output io b6 prowded, SUGh grants are onty rBwnis8d In theSoFA on¢8 Ipni01 thts grani has provided lh8 spBclfled servicfy ¢rouul Where thor68 no condill$ allaching to or•t ihalenables the donorthatlty to rEalisllc4lly avold corrbMIm$nL a Iiabilityforth8 [LlfUn1ny obliythn mu•l rCniB. No Grnnts th perfomianee ¢ondltlon es Grant$ payablv vAthout rf0rrn4n ¢ondltlott• Yes No Nla Redundi¢)ty toit Th•¢h¥rliy rnado no redundanty paym8nis dunng Iqporung P0d Y88 NO Nl D•f•ngd IomI No mt8ri81 Itttmof dots0d IncKrne h88 been IudedIn Iho8ttount8. Y•s chgrlly h8B uedltor6whleh 8r• m6ttJurod41 zetUom8th amounts l¢ii •ny10 dlBCOUnlS No Nla Credltorl A UBbilltyl8 I8¥ured on racognion th Ils hits1or1 ¢osi•n¢ Ih•n w¥B•quenly ffleasur8u ai Ih&btr41 etsbmth of th• IUnt rewiro& selue Ihooblatson El th• reporbw dal¢ Tho chariiy ac¢ourt$ for b8¢finBndal In81NmBntBan InlllEI recognlllon 88 per par8or¥ph 11 1 PSlo? SORP SubBe4uenimeq8urom8nii8 aspor p8ragrèphJ 11 17 to 11.19, FRS102 SORP Provlthnl lorllibll(tl•s Yes No B•Blc fin&n¢lal Initrumtnl¥ Yas No 2.4 ASSETS Tanglbl• Ilx•d •••t lor Th808 ar8 c8Prt•li8td Ilth•y con bDuB•d formoro than one y88r, and efjsi 81 #1 •• by charlly NIA They afy V8lud ai CD51. Ye5 Nl• The deprec481 r81•ts artd mOthJ5 usBd Bre dlathyed In nolo 9.2. The chBrty hBs In1Bnglb fixed assEI$. Ih&l 15, non-mDnetSry£BBels trwl¢onol hav8 phwcal $ub8181 BTe anUnatI& and Ere wnt11•4 by th& ch•dtylhfough >J1¢4dy orltg81 right5 The 8rnortlsBUon r819$ 8Dd mathods uged dl8dosEd Ih now 96 ND Nlg TW gTe Vo9 @ICC41. H•rftigè a88ei• Thg chqdty ha¥ Btssel&. that IB, nOn-mon•t8•1$ ¥lth ttlstortc. 6Gn¢. tethNoWthI, psophysI1 orenvironmont81 qu91ll6 Vlal 8fèTheid •n¢ mtslnl4lnBd prin¢lpally forlhoirconinoLrtknn 10 kTheMd9e and ¢ultur The dopredaiic#) r¢ttB ond m8Llods u8e6 86 In n¢t• 9,6 14. Ye5 No Nl8 Yes No Nla TheY8V$ed 8ico3L Inveotment FFXed &SSBI InvgitrnenlB In quote¢ ¥h8r•8. trad•o mil8rinvetsknenL% ¥r• VBlued Biiniiially 8icos1 8nd b$0LnuY ai 1oirvplu• Ilh41r rnarkolvluel 811h8 ye8f end Th8 8¥mo IalMl li typlied lo unlis1•d Invgsbm•nts unl898 falrv4u• ¢anrvJl bo m4 r£llablvlnwhiGh cas• Il i¥ moastsred ai 511888 lrnoaim)8nl Invosbnents held forres3 orpqnding ]hr1P totsh ¥u1Val¢T mBlurtty dateof tes5 ihan 1 YBEI treaied as currenlaByet InveslmertS Yes No Nls Ng Nl8 8toGh ond work In prvgr•6i Stocks held forsal asp&rt of non<haiieNe ¥808 arè me8surou8t the7DvrorCoBt0rneI r••iisabl&value Yes Nl8 Good$or¥•rviEtr3 prDvided as part Df a chartable activlly mea¥urnd 8tn•trtai1V0Iu• ba88d on seNIGe poienbal providod by IwM¥of 8t4L es No Nla es N¢ Nla Worttln ry09r 18 v8lwd8t costlotsB any loreseetb10 •¢11 liwy io occUrC th•ttra. Debr$ IlrLduQhig trade d•bior$ and Iw5 recelvablel 6fe maètsureo itmtsal rerognkn ai gettlgrnenl ernounlarter ary wade o¥8(unis OUnt 8dvanted by Ihecharfty SubJe(wenlty, y are mea$ured 91 the cs8h othgrconsidèrabun expeGtad lo bB reraved Th8 ch8ntyh85 h88 Invostmertsttth Ilholdsforre53le orpgndw Ihwrs81è8nd cash rs 8qUIV8lpnlswih e mBturlly d8te le$s Ih8n year Th959 Inrludp cash on dep1 èn¢J $b equ1valenl5vth a Marity dale oilessthan one are fornve$trnenlpurposos orth8n 10 metrishortlprm cash cornmilmen15 a5 they 1811 du¥ Ye5 No Debtr•rg Currènt •S5et InVeMentS Yes No Nl Yes No Theyare vald 81falrv80&xCopt¥threthoY4Blfy a5 b05Icfillan01 In5tmmBM9. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE NIA
Section C Notes to the ac¢ounts (cont) Note 3 Analysis of income Restrlcted income funds Unrestricted fund5 Endowment funds Totsl fund8 Prlor year Analysis Income from investments: Interest income Dividend income Rent81 and leasin income Other- Porfolio Sales I Purchases 48,645 48,645 43,188 9,315 9,315 57,960 12,314 55,502 Total Separate material item of income: Bank Interest Income Le ac 1.473 15,000 1.473 15.000 733 Total 16.473 733 TOTAL INCOME Other informatlon: All Incomè in the prlor year was unrestricted tx¢•pt for: Iplease provlde ijos¢rlption and amounts) All Unrestrbcled Wh•r• any endowmont fund 1$ conv•rtfrd Into In¢om• In th• r8porting perlod> please glvo the reason for the converslon. NIA Where any èndowmént fund Is convorted Inlo Income in the prlor porSodi pl8a8• glv¢ thè r•a8on for the conversion. NIA Wlthln th• Incomo items abovg the followlng It•m8 4r& moterlal- Iplfrase dS8clos• thfr nature. amount and any prlor year amounts} Legacy.. A lega¢y of £15,000 was bestowed lo the Charity in Mar¢h 2024 by Audrey Kate Workman a former Head Gid of Katherine Lady Borkley. CC17a (Excell 2110312025
Section C Notes to the accounts lcontl Note 6 Analysis of expenditure This yoar Last yèar R&8trl¢ted Income fund8 Unrgstrlctsd R•#tricl¥d funds In¢om• fund• Endowm•nt fund• Unrwtrlct•d fund8 Endowrnent fund8 Analysis enditurè on raisin Investment management costs.. Total fund8 Totsl fund8 funds: 7,132 7,132 7,194 7.194 Totsl exp8ndlture on raising fund$ 7.132 7,194 7,194 Expenditure on charitable activitiOS: Headtea¢her- Grants 63.074 63,074 50,000 50,000 He8dteacher- Prizes 1.054 1,054 1,050 1,050 Totsl expenditurg on charitabl• activltles 64,128 64,128 51,050 S• arate matorial item of gx Solicitor Fees- Land Registry Totsl en8e 1,805 1,805 1,805 Other Clerk Fees Inde endenl Examination Fees Total other expenditure TOTAL EXPENDITURE 1,000 150 1,150 72.410 1.000 150 1.150 72,410 1,000 150 1,150 61,199 1,000 150 1,150 61,199 Other inforniation: NIA CC17a (Ex(1 2110W2025
Section C Notes to the accounts Note 10 Details of certain items of expenditure 10.1 Fees for examination of the accounts Please pmvide details of the amount paid for any statutory extemal scrutiny of accounts and other seNices provided by your independent examlner. If nothing was pald please enter .0, in the appmpriate box(es). Thls year Last year Independent examlner's fees 150 150 Assurance servic8S Other than audlt or Independent examlnation Tax advisory fees Other fees (for example., financial advice, consultancyi accountancy services) paid to the independent examiner CC178 (Excell 2110312025
Section C Notes to the accounts cont Note 17 Investsnent assets Please complete this note Mthe Charity has any invgstment assets. 17.1 Fixed assets investments (pleasé provide for each class of investment) Cash & cash eqvlvalonts Llstsd invo$tments Investment propertlOS 8o¢ial Invethents other Totsj C8rying Ifairl value al beginning of period Addl{deduct}: net gainl{lossl on revalu21ion Carrwng <fair) value al end of year 1,196,606 1,196,606 74,601 74,601 1.271,207 1,271,207 'Please speclfy addltlons resultlng from acqulsltlons through buslness comblnatlon8, if any- NIA Plèasg note that Fair Value In this context 1$ the amount for whlch an a8set could be exohangedbetwegn knowlegabl• and wllllng parties in an arm s Igngth trnnsactlon. For tradad securltles, the fair value Is thè value of the security quoted on the London Stock Exchange Dally Olficial List or equivalent. For other assels where tharn Is no markatprice on a tr&d¢d marke¢ it is the trustees. or valuers'best estlmate of fair valug. 17.2 Please provide a breakdown of investments shown abov• agreelng wlth the balanco sheèt row B04 difforontiating betria•n those held at falr value and th089 held at CO8t less impaimient. Thls yèar: Analysi8 of inve8tments Falr vAlu• Ht year end Cost le88 Impalrni•nt Cash or ca8h equlvalents Listsd Investments 1.271.207 Invoslment propertl•s Soclal Invastmgnts Othèr Invostments Total 1,271,207 Grand total (Falr valutt at ygar end+Cogt l•$s Impalrmanti 1,271,207 Last year.. Analysis of Investments Falr value at yr ènd Cost less impalrrnent Cash or ¢ash equlvalgnts Llstod Investments 1.196,606 Investment propgrtie8 Social Investments Other invostments Total 1,196,606 Grand total (Falr value at year end+Cost less impairment) 1.196.606 CC17a (Excell 2110212025
17.3 If your charity holds investment properties, please comploto th• following noto: Nla 17A Plea86 provid• a brgakdown of curr•nt asset Investm8nts, rf applicable, agreeing with the balanc& sh•ot, Analy818 of ¢urrent as$ot invostmonts This y•ar Last yè#r Cagh or cash gqulvalgnts Ll8tgd Invostmonts 105.475 102,532 Investment propfrrtlgs Social Invgstmonts Other inv05tmontS Total 105,475 102,532 17.6 Guarantees- NIA CC17a (Excell 2110312025
17.6 Conce8sionary loan$ - NIA 17.7 Additional information NIA CC17a (EX1} 2110312025
Section C Motes to the accounts Note 1 Basis of preparation Thi$s•¢tion $houldtse completed by811 charhlos. 1.1 Ba$1$ of a¢countir7g ThÈse acc(Jurrt5 have been prepare(J underthe historical wst convention with items reeognised at ¢051 LY tran$astion value unless olherw15e stsled in the relevant tel8}I0 thgs8 acwunt5. The aco)unts have been pared In accordance with.. the Statement of Recommended PrathicÈ." AtntIng HTKI Reporting by chartts pParing thèir acrnunls In aGwrdanre with the Finan&1 Reporting Standard applicable the UK and Republic ttf Iland IFRS 1021 issued on 16 July 2014 and wlth. and wbth. the Financid Reportin9 St8ndard applicoole In the Unfted Kirodorn and Republic of I12nd IFRS 1021 and Ih? Char18$ Aei 2011. The ch8rfty con8tbiules a publlc bÈnelll enfjty •¥ deflned by FRS 102.. -r1ck aG Approprfs18 1.2 Golng concern Ilthere afB m8terl81 uneort•intl85 rel8t6d to events Drcondltlons that casislgnlleontdoubt trn the ch4rity& tsilitytti continue as a golng concern. plea80pmvlde th8 follawlnp dtrtsils orstate "Not appllcable" If4ppmpr181•.' An explanslion as lo IItrx8 f8Ctors Ihol Support the concluslon that the charity18 8 qolng concem,. NIA DiBclosure ol nY uncert81ntEes that maka Iha golno ¢eneem ossumpiion doubttul.. NIA Wh8re accounts ? not YeparEd on a golng concem basis. please di$¢lose this fact together 1 the ba81$ en %¥hlch th• Irust•85 prepared the 4¢wunts and the Rasw ¥¥hy th8 charily Is not régordod as q going conc4rn. NIA 1.3 Changè of acctsuntlng pollcy The 8c¢ounls present a Iru? and f81r vlew ond the oc¢ounling poll¢les adoptsd are those Outlined In not8 { 1. -Tick a$ 8Fvmprfii 1.4 Changès to accountlng estlmatos No ch8nges to accounting esiimaias have occurred In the roporting p8rlod13.48 FRS 102 SORPI Yes. -Tlck oi approprfBle 1.5 Materlal prlor year errors No rn8lerl81 prIyearOrhOw¢ been Idantlfled In Iht Mportlng period13.47 FRS 102 SORPI. .Yick 05 4ppropd•l• Pl••s• dlxlos•.- PAOrarT¢ts1 Fund¥ were ovorst818d by, £M.¢JTrJ. duo 10 2 factor 111 Th8 RD C89iial Income b8nCes<£31229l hBd 358um8d IncrelY ID be in aoJiii¢n to the Inv95trnenl PorfoliD balHnce. 115 been estAbllshed Ih191$ part of th8 P¢rtfdlo. 121 The IncorrnGt Investment Porfollo 88nCe wa8 rapthd - k is $hThlng E1,19S.OC6 v$ £1.223.384 prBwwIy IDiff8rr8nce£26,7781 In lLrtts th& inv&8tmenl Company, Rowan DartlngLon. 11 bB to Bpwoye the conftrmed balances al accounlino enod er laTrdin (IJ the naturn of thopriorp¢riod¢rror, (11) for88ch prlorperlodprosentédin the a¢¢ounts. the 8mount of the eorrnctlon foreoeh accountllne Item affected,. and 111 pmr yg6rToial Funds wBr8 shown 83E1,359,146 are n¢w5fthw as £1.299,138 IDrtlor9 É6D.008- explaln•d abo¥• In not•111 } & 121 PrforYeBr TDlal Ftrrted A9set9 we 9hown as £1,223.384 and are m ShL B5 £1,195.6C6 (Dlfferente £26,778. 08 explainod abovo lfi not•111 l & 131 Pnor Year Td81 wrroni 8$¥•1$ wr& ghwn al £135,762 and now Shown as £102,532 (Drflerence £33,239 RD Incom8 & Capital bEIBnce5 Ined vAthin the Inve8bYnl Ptrtfoito balanEB- a5 exlained in noie 111 abuve} l. 141 All PnorYp8r CUff8nl assets afe now shown as Cash Èl bk and in hand, previously Eom8 of the rrent 8ssBIs wwo illcorre¢iiy r8PQrted 85 Inveskneni. (iii) the ajnount of the correctlon attl)e be9innlng of Ihe e8r1iestprtorperiodprested in the ounts. As abDvè CC17a IExc£ll 2110312025
Section C Notes to thg accounts cont Note 24 Cash at bank and in hand Th1$ vgar Last Ygar Short Igrm ca8h Investments Ile88 than 3 month8 maturlty datg) Short term deposlts Cash at bank and on hand Other Totsl 25.150 80.325 25.150 77,382 CC17a (Excdl 2110312025
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) A breakout of the Cash at Bank and in Hand is relevant to a better understanding of the accounts.. The balances are as follows: At 31 st July 2024 the balances wer8 as follows: (i) Rowan Dartington Prize Fund account balance £39,315 (31 st July 2023: £36,617): this account is kept seperate form the Investment Porfolio for the specific intention of awarding prizes. (li) Nat West Current Account balance £15,815.02 (31 st July 2023.. £40,765.36).. This account recieves all dividend income from the profolio, COIF interest, Prize monies from the RD Prize Fund and from this account grants, prizes and admin fees are paid. Furthermore in period to 31 st July 2024 £10,000 was paid into a Nat West 35 Day account to earn interest. (iii) Nat West 35 Day Account balance £25,194.48 (31 st July 2023.. £nil as this was only set up during the year) (iv) COIF Chartities Deposit Fund £25,150 (31 st July 2023 £25,150) - this account is maintained at the same capital value and any interest is paid into the Nat West Current Account. (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) Given Rowan Dartington's resistance to change its quarterly reporting (based upon a calandar year) to mirror the Charity's year end reporting ( year end 31 st July) it is stroingly recomended for the Charity to consider changing its reporting year end to 30th June each year to make it much easier to align reporting and validate balances at the year end with Rowan Dartington's formal publications - given the materiality of the Investment Profolio and the desire to tie back to formal reporting (vs paper print outs at 31 st July each year) this should be prioritised. (4) It is recomended as standard Practice that Rowan Dartington approve & dat8 all Investment and Cash Balances at the Charity's Year end,. currently paper printouts are supplied for these balances but signatures are recomended to be made on these documents. CC17a {Excel) 2110312025
CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees k pt7FI tLINI i Lhfjy 6ER L LEV5 S CFknL FoJkA Ds¥TIo On accounts for the year ended Charity no {if any) 202* Set out on pages nt d(IiJilional g1)po181 I report to the trustees on my examination of the accounts of the above charity ('the Trust") for the year ended Responsibilities and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent he charity's gross income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified member of IChEa app116y]]. Delete l ] if not applicable. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act,, or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report 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" Date: Name: C £EPtrtEa f ifvj iLL Relevant professional qualification(s> or body Fc I CAEkJ IER Oct 2018
(if any): Address: Al6E£ L?/ fvy -Lou CE£ 71 Sfr-il JILlkJAR aLlI ¥LP Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. P_¥ki. b ,-knJ, - .Z IER Oct 2018