2021-12-31-accounts

Dr Newcombe's School T￿￿t 311806 Trustees Re rtforthe nod 1st Janua 2021- 31 December 2021 Ob"ective of the Trust The object of the charity remains as set OLrt in paragraph 4 of the Trust Deed It is Yo promote for the public benefi( the education of persons under the age of 25 who are in need of financial assistsnce and are resident in the parish,. The relevant parish is Offt)rd D'arcy viith Offord Cluny. Trustees The trustees are Rev Jeremy sa￿ Mr Stephen Eayrs, Mr John Storey and Rev David Sheppard (with effect from 2P July 2021) Meetin Due to the pandemic and the low level of a(*vity. the Trusts business y￿S largely carried out by email and telephone calls rather than by formal meetings. Activi the Trust The major activity engaging the Trustees during 2021 was the disposal of the cottage and adjoining small hall referred to in Part 2 of the Schedule to the Trust Deed. The Trust Deed empowers the trustees to do this" paragraph 5.2 says the trustee5 have the 'power to sell, lease or otherwtse dispose of the all or any part of the charity's propety described in part 2 of the schedule.. In accordano wth the guidan￿ provided by the Chanty Commission in their document 'Sales, leases and transfers or mortgages". what trustees need to know about Ihe disposing of charity land,, the twstees obtained a report from Westtey & Huff Chartered Surveyors in November 2017. The report concluded that the building, which had gradually deteriorated in condition over many years was 'a in need of considerable updab'ng and improving..... and 'tt maybe that the best altemative would be to redevelop the site subject to planning perniission.. Steps were taken, through the instruction of an architecL to obtain planning permission but the costs of pursuing this proved more than the Trust could afft)rd. Accordingly Thomas Morris Estate Agents of St Neots vEre instructed to sell the propety toward the end of 2019. This proved protracted, firsUy as the deeds could not be traced and tiue had to be restored via the Official Custodian and seLxJndly a sale of the property fell through at the end of 2020 just prior to exchange. The property was re-marketed and the property was sold to an arms length purchaser ft)r £231,000 (£31,000 more than the previous atK)rted transaction) following best and

final sealed bids in February 2021 and with the agreement of the trustees. The sale completed in June 2021. The sale proceeds net of fees and costs totslled £227,415.60 In December 2021 a request was received from Offord school for the Trust to ftjnd the supply of ipads for the use of the pupils in the schLK)l as the school were unable to afford these. This transaction was still outstanding at the end of 2021, so will form part of the 2021-2022 reporL The Trust did not engage in any other acttvits.es during 2021. Financial matters A copy of the Trust's ac¢ounts whith have been professionally reviewed is attached to this report. The major financial item during 2021 was the re￿Ipt of the sale proceeds for the propety at 181 High St refe￿ed to above. The only other financial transaction during the year was payment of outstsnding gas and electricity charges to Shell Energy totalling £1,800. In her report. the auditor rightly drew attention to the need to formalise our record keeping and this is now being done. The Future The sale of the propety at 181 High St Offt)rd Cluny has provided the Trust wth funding to enable it to support the education of young people in the parish where finan￿ is an issue, and li will conts.nue to do so in the years ahead. Signe Name: Jeremy Salt Trustee

Charity Name Dr Newcomes School

No (if any)

Receipts and payments accounts

Period start date To 1-Jan-21

Period end date 31-Dec-21

For the period from

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

Total funds

to the nearest £

----- Start of picture text -----
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total (Gross income for AR) - - - -
A2 Asset and investment sales,
(see table).
Sale of School situate at 181
227,415 - - 227,415
High St Offord Cluny
- - - -
Sub total 227,415 - - 227,415
Total receipts 227,415 - - 227,415
A3 Payments
Shell Energy 1,800 - - 1,800
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total [ 1,800 ] - - 1,800
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 1,800 - - 1,800
Net of receipts/(payments) 225,615 - - 225,615
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end 225,615 - - 225,615
----- End of picture text -----

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

			Unrestricted		Restricted
Categories	Details		funds		funds
B1 Cash funds	Santander account number 80013489 Total cash funds		to nearest £ 225,637 - - 225,637		to nearest £ - - - -
	(agree balances with receipts and payments account(s))		Agreement Error	OK
			Unrestricted		Restricted
			funds		funds
B2 Other monetary assets	Details		to nearest £ - - - - - -		to nearest £ - - - - - -
B3 Investment assets	Details COIF Charity Funds		3417 Fund to which asset belongs	Cost (optional) - - - - -
B4 Assets retained for the	Details None		Fund to which asset belongs	Cost (optional) -
charity’s own use					- - - - - - - -
			Fund to which		Amount due
B5 Liabilities	Details None		liability relates		- - - - - (optional)
Signed by one or two trustees on behalf of all the trustees		Signature	Print	Name

Signed by one or two trustees on behalf of all the trustees

----- Start of picture text -----
CC16a
----- End of picture text -----

Last year

to the nearest £

-

21 - 21 21

-

21 - - 21

Endowment funds

to nearest £ - - - -

OK

Endowment funds to nearest £ - - - - - -

Current value (optional) - - - - -

Current value (optional) - - - - - - - - - When due (optional)

Date of approval

CHARITY COMMISSION | FOR ENGLAND AND WALES Independent examinerfs report on the accounts Se¢tion A Independent ExaMine￿S Report Report to the tru$t¢esl members of Dr Newcome's Sch(x)l TrLkSt On accounts for the year ended 31 December 2021 Charity no (rf any) 311806 Sèt out on pages I report to the trustees on my examination of the accounts ofthe above charity (Ihe Trusfi for the year ended Responsibilities and basis of report As the ¢harTils trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 rthe Acn. I repcwt in respect of my examinatN)n of the Trusys accounts carried ¢)Ut under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicab￿ Directions given by the Charty Commission under ￿40n 145(5){b) of the Ad. Independent examinerfs statement Delete [ ] rfnot applicable. I have completed my examinat￿n. I confinn that no malerial matters have come to my attentK)n in rx)nnection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material the accounting re(x)tds were not kept in acwrdance wilh section 130 of the Charilies Act.. or the accounts did not acc(￿￿ wilh the accounting records,. or the accounts did not cornp￿ wtth the applicable r￿Uirements con￿MIng the foTh and content of accounts set out in Ihe Charities (Accounts and RepJrts} Regulations 2008 other than any requirement that the accounts gNe a Irue and faif view which is not a matter considered as part of an independent examination. I have no con￿M$ and have come ￿ no other matters in connection with the examination to vthich 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 br8ckets rfthey do not apply. Signed: 26liolxz Name: Relevant professional qualification(s} or body C¥fkre4 IER Oct 2018

(rf any): Address: Section B Disclosure Onty complete rf Ihe examiner needs to h￿hlIght material matters of con￿rn (see CC32. Independent examinab.on of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018