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 balan￿S 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$& Othw gain311103sesI Net movement In funds S18 819 S20 77,543 77,543 Reconclllatlon of funds.. Total funds brought forward Total funds carried fonvard S21 1,299,138 1,376,682 1,299,138 1,376,682 1,323,774 1,299,138 S22 Section B Balance sheet Restricted income funds Unrestricted funds Endowment Totsl this funds year Total last year Fixed assets Intangible assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 (Note 15) (Note 14) (Note 16) (Note 17) Total fixed assets B01 802 B03 B04 1,271,207 1,271,207 1,196,606 B05 Current assets Stocks (Note 18) Debtors {Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets B06 B07 608 B09 102,532 102,5 B10 Creditors: amounts falling due within one year (Note 20) B11 Net current assets/(IAabllltles) B12 Total assets less current liabilitles 813 Creditors: amounts falling due after one year (Note 20) Provlsions for liabilities B14 B15 Total net assets or liabilities B16 1,376,682 1,376,682 1,299,138 Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve B17 B18 B19 1,376,682 1,376,682 1,299,138 B20 Total funds B21 1,299,1 Signed by one or trustees on behalf of all the trustees Date of approval ddlmml Signature Print Name CC17a (Excel) 2110312025 Section C Motes to the accounts l¢ontl Note 2 2.2 INCOME Accounting policle5 Thiss18nd81tsDstofaG￿￿no￿￿￿XeS￿4$beeft apph"pd)ylh8 charity8xc8Pllorthose tl¢kèd'No"orwa" Whe Oiff&fft￿1OradthtiOn9lpQty￿aS 0eeft3dopl8dlhen 1his1$d81￿jrt the Itwestmentgaing l¢Jsses ThSs Irdud6s8nyfealisgd orunreali5ed 9aln5 or1055es on the sBle of Invfrs￿ents and any yain oriDSS r05ulting f￿rn revAIuillg In￿str￿￿ntS to rnwkol v8lue&t tha Of the year. Yès 2.3 EXPENDITURE AND LIABILITIES Llablltty reGognS110 Liabil￿£sarE reCagnI5￿ whore moro 11k8Eyth￿ not maith8re18 8 le9￿ or r￿n51rucllve obligaiKiTr the to P8yOUt1e￿r¢eSa￿d 4rMunl¢f the 0blKJ8l￿n b8 m888uredvthh reastsnablè certainty Support (fj$lS h8ve b2en 41locB￿d befyv2en govemanee co$is 8nd 0￿￿[$upporL Govefflance cosis C￿￿pn3e all ￿St$ involving arrountstslity ol Ch£￿ty￿d I mp19nts￿th rbgulatrm and good pra￿￿2 es Gov•rnanc* andJupport ¢o$l$ SurKn)rt ￿$15 includ8 c8niral funGtitrns and hav& L*en allocat9d lothity¢osi ca￿¥D￿e$ on a ba¥15 cons￿le￿I*l￿ the use of ￿$9￿r¢6$, eg aloce￿n9 property L¥st8 byftowx¥8as. orptrrrapila, CO5￿)Y th* $p9nl end Olhw co$18 by Ih*rusag&. Where the ¢h8Mtyolve9 8or8nl¥￿Ih ￿n￿boTh&forit$ paymenEbging a spedflc1gv&lof $wvKo ￿ output io b6 prowded, SUGh grants are onty rBwnis8d In theSoFA on¢8 I￿p￿ni01 thts grani has provided lh8 spBclfled servicfy ¢rou￿ul Where thor68￿ no condi￿ll￿$ allaching to ￿￿or•￿t ihalenables the donorthatlty to rEalisllc4lly avold corrbMI￿m$nL a Iiabilityforth8 [L￿lfUn￿1ny obliythn mu•l r￿C￿niB￿. No Grnnts ￿th perfomianee ¢ondltlon es Grant$ payablv vAthout rf0rrn4n￿ ¢ondltlott• Yes No Nla Redundi¢)ty toit Th•¢h¥rliy rnado no redundanty paym8nis dunng Iqporung P￿￿0d Y88 NO Nl D•f•ngd I￿omI No m*t8ri81 Itttmof dots￿0d IncKrne h88 been I￿udedIn Iho8ttount8. Y•s chgrlly h8B uedltor6whleh 8r• m6ttJurod41 zetUom8th amounts l¢ii •ny1￿0 dlBCOUnlS No Nla Credltorl A UBbilltyl8 I￿8¥ured on racogni￿on th Ils hits1or￿1 ¢osi•n¢ Ih•n w¥B•quenly ffleasur8u ai Ih&btr41 etsbmth of th• I￿Unt rewiro& ￿ selue Ihoobl*atson El th• reporbw dal¢ Tho chariiy ac¢ourt$ for b8*¢finBndal In81NmBntBan InlllEI recognlllon 88 per par8or¥ph 11 1 P￿Slo? 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 V8lu*d ai CD51. Ye5 Nl• The deprec481￿ r81•ts artd mOth￿J5 usBd Bre dlathyed In nolo 9.2. The chBrty hBs In1Bnglb￿ fixed assEI$. Ih&l 15, non-mDnetSry£BBels trwl¢onol hav8 phwcal $ub8181** BTe ￿anUnatI& and Ere wnt1￿1•4 by th& ch•dtylhfough >J1¢4dy orltg81 right5 The 8rnortlsBUon r819$ 8Dd mathods uged dl8dosEd Ih now 96 ND Nlg TW gTe Vo￿9￿ @ICC41. H•rftigè a88ei• Thg chqdty ha¥ Btssel&. that IB, nOn-mon•t￿￿8•1$ ¥lth ttlstortc. 6G￿n￿￿¢. tethNoWthI, psophysI￿1 orenvironmont81 qu91ll￿6 Vlal 8fèTheid •n¢ mtslnl4lnBd prin¢lpally forlhoirconinoLrtknn 10 kTheM￿d9e and ¢ultur* The dopredaiic#) r¢ttB ond m8Llods u8e6 86 In n¢t• 9,6 14. Ye5 No Nl8 Yes No Nla TheY8￿V$￿ed 8ico3L Inveotment FFXed &SSBI InvgitrnenlB In quote¢ ¥h8r•8. trad•o *mil8rinvetsknenL% ¥r• VBlued Biiniiially 8icos1 8nd ￿b$0￿L￿nuY ai 1oirvplu• Ilh41r rnarkolvluel 811h8 ye8f end Th8 8¥mo I￿alM￿l li typlied lo unlis1•d Invgsbm•nts unl898 falrv4u• ¢anrvJl bo m￿￿￿4 r£llablvlnwhiGh cas• Il i¥ moastsred ai ￿511888 lrnoaim)8nl Invosbnents held forres3￿ orpqnding ]h￿r￿1P totsh ¥u1Val￿¢T mBlurtty dateof tes5 ihan 1 YBEI treaied as currenlaByet InveslmertS Yes No Nls Ng Nl8 8toGh ond work In prvgr•6i Stocks held forsal* asp&rt of non please glvo the reason for the converslon. NIA Where any èndowmént fund Is convorted Inlo Income in the prlor porSodi pl8a8• glv¢ thè r•a8on for the conversion. NIA Wlthln th• Incomo items abovg the followlng It•m8 4r& moterlal- Iplfrase dS8clos• thfr nature. amount and any prlor year amounts} Legacy.. A lega¢y of £15,000 was bestowed lo the Charity in Mar¢h 2024 by Audrey Kate Workman a former Head Gid of Katherine Lady Borkley. CC17a (Excell 2110312025 Section C Notes to the accounts lcontl Note 6 Analysis of expenditure This yoar Last yèar R&8trl¢ted Income fund8 Unrgstrlctsd R•#tricl¥d funds In¢om• fund• Endowm•nt fund• Unrwtrlct•d fund8 Endowrnent fund8 Analysis enditurè on raisin Investment management costs.. Total fund8 Totsl fund8 funds: 7,132 7,132 7,194 7.194 Totsl exp8ndlture on raising fund$ 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 or body Fc I CAEkJ IER Oct 2018 (if any): Address: Al￿6E£ 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