Docusign Envelope ID.. C1105E6D-35B54B8A-9B04-A4C1011988B5
St. Clement Danes Educational Foundation
Report and Financial Statements
31 December 2024
Charity Number 312319

Do¢usign Envelope ID.. C1105E6D-35B54B8A-gB04-A4C1011988B5
st Clement Danes Educational Foundation
Contents
For the
ear ended 31 December 2024
Legal and administrative details
Page 3
Report of the Trustees
Pages 4-5
Report of the Independent Examiner
Page 6
Statement of financial actlvities
Page 7
Balance sheet
Page 8
Notes to the financial statements
Pages 9-15

Docusign Envelope ID. C1105E6D-35B54B8A-9B04-A4G1011988BS
st Clement Danes Educatlonal Foundation
Legal and administrative details
For the year ended 31 Decernber 2024
constltuts.on
The 5t Clement Danes Church of England Primary School, the School of the
Foundation, wa5 founded on 13 January 1701. However the first charitable scheme
regulating the Foundation was made under the Endowed Schools Act 1869. The
Charity is currently regulated by a Scheme under the auspices of the Charlty
Commission dated 30 July 1954, which Scheme was subsequently varled to a small
degree by further Schemes dated l August 1972 and 27 November 1998 and an
order dated 20 March 2001. The Charlty has been registered with the Charity
Commission slnce 26 July 1965.
Charlty number
312319
Registered office and
operational address
St Clement Danes Church of England Primary School
118 Drury Lane
London WC2B 5SU
Appointment of
Trustees
The Constitutlon allows for ten tru5tees'.
One Ex-officio, being the Rector of St Mary le Strand with St Clement Danes
or the nominee of the Archdeacon of Charing Cross
b Seven Co-opted Trustees, whD shall be members of the Church Of England
c Two by Ihe London Diocesan Board for Schools
Appointed
Resigned
Term
Trustees
a The Revd Slmon Grigg
b P. Maplestone
b C. Thomson
b K. Dodman
b R. Sully
b M. Lacey
b H. Jarvis
b D. Twining
c I, Woolf B,E.M
2024-2029
2024-2029
2022-2027
2022-2027
2023-2028
2022-2027
2022-2027
2023-2026
Chairman
P. Maplestone
Vice-chairman
K. Dodman
clerk to the TNstees
Nrs D. Starf(ey
Independent Examiner Tim Hardyi Moore Kingston Smith LLP, 5 Godalming Business Centre,
WDolsack Wayi Godalming, Surrey GU7 IXW
Bankers
Uoyds Bank, 70-71 Cheapside, LDndon EC2V 6EN
Solicitors
Wedlake Bell LLP, 71 Queen Vlctorfa Street, London EC4V 4AY
Stockbroker
Walker Crips Investment Management Limited, 128 Queen VictorAa Street, London EC4V 4BJ
Page 3

Docusign Envelope ID.. C1105E6D-35B54B8A-9B04-A4C1011988B5
St Clement Danes Educatlonal Foundatlon
Report of the Trustees for the year ended 31 December 2024
The Trustees present their Annual report and financial stetements of the Charity for the year ended 31 December
2024. The financial statements have been prepared in accordance wlth the accountlng policles set out in Note I to
the accounts and comply wlth the Ch8rity's trust deed, the Charities Act 2011 and Accouniing and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland.
Legal and admlnistrative information set out on the previous page forms part of this report.
Objects of the Charlty
The principal object of the Charity is to award grants to enable the Governlng Body of St Clement Danes Church of
England Primary School to comply with their obligations under the Educatlon Acts. It may also apply such further
sums, as the Trustees deem fit in the provislon off special benefsts for the School of a kind not provided by
Westminster City Councll. In addition, after meeting the needs of the School, the Trustees may apply income to
beneflt young persons, who have not attained the age of 25 years, are In need of financlal assIstan￿, are or have
been pupils at the School or are resident in the DI0￿$e of London, with a preference for those resident within the
City of Westminster.
Public Benefit
The Trustees confirm that they have had regard to the Charity Commission's Guidance on public benefit on
reporting on the Charlty's objectives and activities, achievements and plans for the future. St Clement Danes
Church of England Primary School, the principal beneficiary of the Charity, has an inclusive admissions policy for
chlldren living locally. The Charity also makes grants to young persons In need of flnanclal asslstsnce. The Trustees
consider that the Charity meets the criteria for public benefit as defined by the Charity Commission.
organIsa￿Onal Structure
The TNstees meet at least four timas each year. There are no sub-committees.
Induction and Training
The induction of new trustees is undertaken by the Clerk who, after sendlng a copy of the Constitution together
with minutes, accounts and relevant papers, meets each new trustee to explain the administration and history of
the Charity and glves a tour of the School. Trustees are made aware of the information avallable on the Charity
Commission website to a&sist them with the discharge of their duties as a trustee of a charity.
Risk Management
The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are In
Pla￿ to Identlfy where and when attion is required. The ability to maintain the real value of Investment income and
to attract sufficient children at a time when school rolls are falling in Central London are the risks with the highest
mltlgated risk score.
The Charity and Related Parties
The Charlty has a close relationship with the School of the Foundation,
Achievement, Performance and Financial Review
Investment income decreased from £200,178 to £180,933 following the tenant of School House leaving in the latter
part of 2023.
Unrestricted charitable expenditure increased from £152,016 to £190,747 which included a grant to the School of
£31,000 for the purchase 60 IPads to aid pupils, learning.
Page 4

Docusign Envelope ID: C1105E6D_35B5.4B8A_9804_A4C1011988B5
St Clement Danes Educational Foundation
Report of the Trustees for the year ended 31 De￿mber 2024
The resultant deficit in the unrestrlcted general fund was funded by transferrlng £10,185 from the designate
School Fund.
Volunteers
Inigo Woolf volunteers to oversee the production of management accounts and draft the annual report and
accounts. In addition he maintains an oversight of the investments of the Charlty.
Investment Review
The Charity invests in two pooled investment funds wlth one Investing in the UK and the other around the world.
The Endowment is invested to provide a growing income to support the School with the expectation that the real
value of the capltal can be malntslned; in 2024 the value of the endowment Inceased by 3.280/0, in line with the
change in the Consumer Price Index.
At the end of 2021 an £80,OOD fixed Interest bond was redeemed with the intention to relnvest the capltal in 2022.
The funds continue to be held on deposit and will be invested in the refurbishment of School House,
Reserves Pollcy
The School Fund represents an accumulation of the unrestricted fijnds arlslng from past operating results. It also
represents the free reserves of the Charlty, as all fixed assets are included in restricted funds, The School has been
maintaining the school building to a high standard and the surveyor to the School prepares an annual condition
report. The Trustees believe that a reserve of £500,000 would cover most risks; it is planned to use a substantial
part of the reserves to re￿rbISh School House in 202512026. The resenre can then be rebuilt over a period of
years.
Objectives for 2025
To re￿rbIsh School House so that Income can be generated for the benefit of the School and its pupils.
Independent Examiner
Moore Kingston Smith LLP, formerly Shipleys LLP, has expressed its willingness to continue as independent
examlners to the Charlty.
Approved by the Trustees on 20 May 2025 and signed on their behalf by:
Slgt)od by.
20715D1877874A8...
Peter Maplestone, Chairman
Page 5

Docuslgn Envelope ID.. C1105E6D-35B5-4B8A-9B04-A4C1011988B5
st Clement Danes Educatlonal Foundatlon
Independent Examiner's Report to the Trustees for the year ended 31st December 2024
I report to the Trustees on my examinabon of the accounts of St Clement Danes Educatlonal Foundatlon for the
year ended 31st December 2024 which are set out on pages 7 to 15.
Responsibilities and basis of report
As the charlty's trustees you are responslble for the preparalion of accounts in accordance wlth the requlrements
of the Charltles Act 2011 ("the Act ).
I report In respect of my examlnaLlon of the charlty's accounts carried out under section 145 of the Act and In
carrylng out my examlnation I have followed all applicable Direttions given by the Charity Commlsslon under
section 145(5)(b) of the Act.
Independent Examlner's Statement
I have completed by examination, I confirm that no materlal matters have come to my attention in connection
with the examination giving me cause to believe that in any materfal respect:
l. accounting records were not kept in respect of the charity as requlred by sectlon 130 of the Act; or
2. the accounts do not accord wlth those records,. or
3. the accounts do not comply wtth the applicable requirements concerning the form and content of the accounts
set out in the Charities (Accounts and Repotts) Regulations 2008 other than any requirement that the accounts
glve a 'true and fair view, which 15 not a matter considered as part of an Independent examlnatlon,
I have no concerns and have come across no Matte￿ in connection with the examlnation to whlch aitention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
40CW917
TIM Hardy FCA
Moore Kingston Smith LLP
Charter& Accountants
5 Godalming Busines5 Centre
Woolsack Way
Godalmlng
Surrey GU7 IXW
20 Nay 2025
Page 6

Docuslgn Envelope ID.. C1105E6D_35B&4B8A.9804.A4C101198885
st Clement Danes Educational Foundation
statement of financial activitles
For the
ear ended 31 December 2024
Unrestrlcted
General
Fund
DesSgnated
School
Fund
Restr]cted
& Capital
Funds
2024
2023
Total
Totsl
Note
Income from:
Donation5
Investsnents
200
200,178
200 378
180,562
180,562
371
180,933
180,933
Total income
371
Expendlture on:
Charitsble activitles
190,747
190 747
371
191,118
191 118
152,369
152,369
Total expenditure
Gainsl(Losses) on investment assets
Unrealised gains on investsrent5
Net reallsed (losses)Igalns on Investments
Net incomel(expendlture) before
transfers
371
130,595
130,595
145,593
(10,185)
130,595
120,410
193,602
TransFer between funds
Net Income after transfers
(10,185)
130,595
120,410
193,602
Net movement in funds
(10,185)
130,595
120NIO
193,602
Reconciliation of funds
Brought fotward from previous year
Funds carried forward
566,058
555,873
3,885,904
4,016,499
4,45¥962
4,571372
4,258,360
4A51,962
There are no recognized gains or losses other than those dlsclosed,
The notes on pages 9 to 15 form part of these accounts.
Page 7

Docuslgn Envelope ID.. C1105E6D-35B54B8A-9B04-A4C1011988B5
St Clement Danes Educational Foundatlon
Balance sheet as at 31 December 2024
Note
Unrestricted
General
Fund
Designated
Schi)ol
Funds
Restrlcted
& Capltal
Funds
2024
2023
Total
Total
Flxed assets
Tangible assets
Investments
500,000
3,430,992
3,930,992
500,000
500,000
3,430,992 3,300,397
3,930,992 3,800,397
Current assets
Debtor
Funds on deposit
Cash at bank and in hand
505,065
50,808
555,873
85,5D7
590,572
58,108
648,680
589,000
66,715
655,715
7,300
7,300
85,507
Creditors
Amounts due within
l year
(7,300)
(7,300)
(4,150)
Net current assets
555,873
85,507
641,380
651,565
Total assets less
current Ilabilities
555,873
4 016 499
4 572 372 4 451962
Net assets
555 873
4 016 499
372 4 451962
Funds
Unrestricted General Fund
Designated School Fund
Restricted Funds
555,873
555,873
566,058
4 016rt99 3,885 904
4,572,372 4,451,962
io
4 016 499
Total funds
555,873
4,016,499
Approved by the Board of Trustees on 20 May 2025 and slgned on its behalf by..
Slgngd by.
2D715010F7874A8...
Peter Maplestone (Chairman)
The notes on pages 9 to 15 form part of these accounts,
Page 8

Docusign Envelope ID: C1105E6D-35B5-4B8A-9B04-A4C1011988B5
st Clement Danes Educational Foundation
Notes to the financlal statements
For the year ended 31 De￿mber 2024
Accounting pollcles
a) Basis of preparatlon
The accounts (flnanclal statements) have been prepared under the historical cost convention with Items recognized
at cost or transartion value unless otherwise stated In the relevant note(s) to these accounts. The financial
statements have been prepared in accordance with FRS 102, 'The Flnancial Reportlng Standard applicable In the UK
and the Republic of Ireland,, the Statement of Recommended Prac￿￿. "Accountlng and Reporting by Charities
preparlng their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)" (Charlties SORP (FRS 102)) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from the Charitles
(Accounts and Repo￿) Regulations 2008 only to the extent required to provide a'tnje and fair view,. Thi5 departLSre
has involved following Accounting and Reportlng by Charities preparing their accounts in accordan￿ with the
Financlal Reporting Standard applicable in the UK and Republic of Ireland (FKS 102) rather than the Accounting and
Reporting by Charities: Statement of Recommended Pract1￿ effective from l April 2005 which has since been
withdrawn.
The Charlty Is not required to prepare 8 cash flow statement In accordance with the Charities SORP (FRS102).
The presentation currency 15 £ sterling.
The Charity is an unincorporated charity that constitutes a public benefits entity as defined by FRS 102. Additional
information regardlng the legal form of the Charity, operational address and description of purpose can be found on
pages 3 and 4 of the Accounts.
The Trust*s consider that there are no material uncertainties about the charity's abilty to continue as a going
concern. This going concern basls has been reached due to the charity having sufficient net assets to cover all
grants and expenditure for the following 12 months.
b) Flxed Assets
The freehold building 15 shown at deemed cost in It5 use as a school. The trustees consider that the residual value
of the freehold building is at least equal to its net book value and, therefore, no depreclation has been charged.
The freehold building is occupied by a Church of England prlmary school and the Trustees have no power to
termlnate their occupation. In Consequen￿ it is not possible to provide a rnarlcet value for the site
Leasehold property irnprovements are depreciated Dn a stralght Ilne basis over their estimated useft]I lives of 20
years although the underlying lease is for 99 years. This leasehold propertyi Twining Hall, can only be used for
educatlonal purposes.
Investments are re-valued annually to thelr fair value using the closing quoted market pr1￿. Any galn or10ss on
revaluation is taken to the Statement of Finanaal Activities. Reallzed gains and losses are included in the Accounts as
they arlse,
c) Cash at bank and In hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three
months or I￿5 from the date of acquisition or opening of the deposit or similar account.
d) Creditors and provlslons
Creditors and provisions are recognised where the charlty has a present obligation resulting from a past event that
will probably result in the transfer of fijnds to a third party and the amount due to settle the obllgation rAin be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Page 9

Docusign Envelope ID- G110SE6D-35B5-4B8A-9B04-A4G1011988B5
St Clement Danes Educatlonal Foundation
Notes to the financial statements
For the year ended 31 December 2024
e) Taxatlon
The charity is exempt from tax on income and gains to the extent that these are applied to its charitable objects.
f) Value Added Tax
The charlty is not recognized for VAT purposes and all expenses are Incluslve of Irrecoverable VAT where applicable.
g) Income
All income is recognized On￿ the Charity has entitlement to the income, it is probable that the income will be
received and that the amount of Income can be measured reliably.
Investment income from property, fixed interest investments and deposit accounts is included In the accounts on a
recelvable basls. Dlvldend income Is recognlzed wlth reference to the dividend declaration date,
Donations, legacies and other income are recognized when the Charity is notified that it will receive the donation.
Charltable Income re￿]Ved In furtherance of the Charlty's objects is accounted for on a receivable basis.
Other income is accounted for in the year in which they are received and allocated to funds as approprlate.
h) Expenditure
Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committlng the Charity
to that expenditure, it is pmbable that settlement will be required and the amount of the obligation can be measured
rellably.
Expenditure is included on an accruals basis.
Cost of raising funds comprises charges for holding investments in a nominee company
Grants payable to St Clement Danes Church of England Primary School and to students are recognized in the
accounts when authorised. Grants to students are withdrawn and written back after an appropriate time if the grant
condltlons cannot be complled wlth.
Support costs have been apportioned between charitable expenditure and governance on the best estlmate of staff
time spent on each aceivity.
i) Restricted Funds
Restricted funds are to be used for specific purposes as lald down by the donor. Expendlture whlch meets these
crlteria Is charged to the fund together with a falr allocation of management and support costs where this is
permitted.
j) Designated Funds
Any realised surplus arlslng in the unrestricted fund Is transferred to designated fvnds with referern￿ to the trustees
anticipated fvture expenditure requirements. Detai15 of the nature and purpose of each fund 1$ Set out In Note 9.
k) Unrestrlctsd Funds
Unrestricted funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the
charitable objects.
l) Permanent Endowment
The charity has a permanent endowment, the income from which is wholly unrestricted.
Page 10

Docusign Envelope ID.. C1105E6D-35B5-4B8A-9B04.A4C1011988B5
St Clement Dane5 Educational Foundation
Notes to the financial statements
For the year ended 31 December 2024
Investments
2024
2023
Income from Investments
Interest frorn short term deposits
Rental Income
Unrestrirted
Restricted income from investments
TOTAL
150,909
29,653
145,228
25,097
180,562
371
180,933
199,825
353
200,178
Rental Income relates to SchDoI House whlch became vacant In September 2023 when the long temi lease was not
renewed.
Expenditure
2024
2023
3a Charitable activiti&s
Grants (see also note 3b)
Support costs..
Cost of charStable actlvlties
Legal and professional fees
Independent examination fee
Total unrestricted
Grants restrlcted (see Note 3b)
161,484
115,364
1,892
23,239
32,612
190,747
371
191 118
152,016
353
152 369
The Trustees receive no remunerdtlon and expenses relmbur5ed are Nil (2023: Nil)
The average number of employees during the year was nil (2023.. nll,
2024
2023
3b Grants payable
School grants unrestritted
Student grants
Grants no longer requlred
Total unrestrlcted
School grants restricted
Totsl
152,253
9,231
107,178
9,994
1,808
115,364
353
115,717
161,484
371
161,855
St Clement Danes CofE Primary School Is the sole beneficiary of the school grants,
6 grants were awarded to students (2023.8) Students Include existing pupils at St Clement Danes CofE Primary
School.
Transfer between funds
A transfer has been made to the General Fund from the designated School Fund of £10,185 (2023., from the General
Fund to the de51gnated School Fund £48,009) for charitable purposes.
Page 11

Docusign Envelope ID.. C1105E6D-35B54B8A_gB04_A4C1011988B5
St Clement Danes Educational Foundation
Notes to the financial statements
For the year ended 31 December 2024
Tanglble Assets Charitsble Use:
Freehold
Prope
Leasehold
Property
Total
Costlvaluation
At l January 2024
addltlons
disposals
At 31 December 2024
500,000
182,781
682,781
500 000
182,781
682,781
Depreciation
At l January 2024
additions
disposals
At 31 December 2024
182,781
185781
18
Net book values
At 31 December 2024
At 31 December 2023
500,000
500,000
500,000
500,000
Freehold Property
The Trustees consider the value of the freehold propety in its current use as a school to be in the region of
£500,000. The original c05t of the property was £nll and was re-valued to deemed cost In the accounts to 31
December 1995. The market value of the property and site would however be significandy greater If converted to
commercial or residential use - W&%tminster City Council insure5 the property for £17m.
The value of £500,000 has not been updated and this will be held as the carying value in future years,
School House
School House forms part of the freehold site of the School.
Leasehold Property
A 99 year lease for the use of part of the basement of 9113 Kean Street, now called Twining Hall, was slgned on 8
November 2001. The Trust￿ depreciated improvement expendiiure on this leasehold property over 20 years. As
the lease is restricted to educational use no residual value has been placed on this asset.
All tangible assets in 2024 and 2023 relate to the restricted and capital fund5
Page 12

Docusign Envelope ID.. C1105E6D-358&4B8A.9B04_A4C1011988B5
St Clement Danes Educatlonal Foundation
Notes to the financial statements
For the year ended 31 December 2024
Investments
2024
2023
Investments at Falr Value
Fair value at l January
Purchases
SaleslRedemptions
Galnl (Loss) in year
Fair value at 31 De￿mber
3,300,397
3,154,804
130 595
3,430 992
145,593
3 300,397
2024
2023
2024
2023
Flxed interest securities listed on
the London Stock Exchange
Unquoted pooled Investment fijnds
M&G Charifund income unlts
COIF Global Equity Fund units
90,000
88,250
2.6Q/o
2.7%
1,581,495
1,759,497
3,430,992
1,497,355
1714 792
3 300 397
46.10/0
51.30/0
100.OQh
45.3010
52.00/0
100.OVo
Hlstorical c05t at 31 December
2,032,579
2,032,579
All financial assets are carrled at their fair value. Investments in fixed interest securlties are traded in quoted public
markets, prlmarlly the London Stock Exchange. Holdings in common investment funds, unit trusts and open ended
Investment companies are at the bid price. Asset sales and purchases are recognized at the date of trade at cost
(that Is thelr transaction value).
The fixed interest securltles comprises a holding of perpetual subordinated bonds issued by a UK clearing bank
(2023.. 1 holdlng). The Trustees recognlze that with an interest coupon Df 13.625Yo, the bonds may be called for
redemptlon and plan for the possible reinvestment at lower rates of interest.
The Investment in pooled Investment fund5 is restricted to the restricted and capital funds. The Trustees rety on the
income and the s1gnifican￿ of the investments to the ongoing sustainability of grant making Is consldered in the
Investment review of the Trustees Annual Report.
All investments in 2024 and 2023 relate to the resiritted and capttal funds
Current A55et5
2024
2023
Debtor -
Cash at Bank balances were as follows..
Unrestrlcted funds
Designated school funds
Restricted and capital funds
7,300
555,873
4,150
566,058
85,507
655,715
648,680
648,68
Credltors- Amounts falling due wlthln one year
2024
2023
Grants payable
Accruals
3,050
4,250
4,150
4,150
Grants payable relate to grants approved by the Trustees but not drawn down at the year end
All accruals in 2024 and 2023 relate to unrestricted funds.
Page 13

Do¢uslgn Envelope ID: C1105E6D45B&4B8A-9B04-A4CI 011988B5
st Clement Danes Educats"onal Foundation
Not¢s to the flnanclal statements
For the year ended 31 December 2024
Unrestricted Funds
General
2024
General
2023
Designated
2024
Designated
2023
Balance at l January
Investment income
Expendlture
566,058
518,049
180,562
190,747
{10,185)
10,185
200,025
152 016
48,009
(48,009)
566,058
(10,185)
518,049
48,009
Transfer between funds
Transfer to restricted Funds
Balance at 31 De￿mber
555,873
566,058
The amounts allDcated to the Designated School Fund are available to the School Governing Body in order lo a5SiSt
the Governors with their obligations under various Education Acts and for the provision of special benefits not
normally provided for schools by the City of Westminster. It is a requirement of the Trustees that the School
Governors obtain the prior approval of the Trustees before monies are drawn down.
10. Restrtcted Funds
2024
2023
Capltal
Prfze Fund
Balan￿ at l January
Income received
Expenditure on priz
3,879,983
5,921
371
371
5,921
3,885,904
371
371
3,885,904
3,740,311
353
353
3,740,311
3,879,983
Unrealized gainl(loss)
on investment
Balance at 31 De￿mber
130,Ml
4 010 424
154
130 595
4 016 499
145 593
3,885 904
Capltal Fund
Thls fund holds the capital of the Charity. Income is credited to the General Fund,
Prize Fund
Income from the Fund enable5 the School to offer the following prlzes:
Roblnson Famlly prlze for PE
Mabel Wilshire prize for humanltles
Mounsey-Thear prize for RE
Richard Burt prize for music
Arthur Jephcott prize For music
RAF prize for service to the School
Miss Lyons prize for reading
Thomas McBride prize for handwriting
Major Bruce Low prize for environmental studies
David Jarvis prize for maths
G,A.T. Jone5 prize for progress
Mabel Lynch prize for scien
Pennington-Bickford prize for art
within the balance of the Prize Funds there was accumulated unspent income of £nil at the start of
the year and £nil at the end of the year.
Page 14

Docusign Envelope ID- C1105E6D.3585488A.98O&>A4C10119888S
St Clement Danes Educatlonal Foundatlon
Notes to the financial statements
For the year ended 31 December 2024
11. Analysis of Net Assets between Funds as at 31 December 2024
Freehold and
leasehold Property
Net Current
Assets
Investments
Totsl
Unrestricted Funds
Deslgnated
Restricted Funds
Prize fund
Permanent Endowment Funds
Capital fund
555,873
555,873
6,075
6,075
500,000
500,000
3,424,917
3 430,992
85,507
641,380
4,010,424
4,572,372
Total
31 De￿mber 2023
Unwtrlcted Funds
Designated
Restricted Funds
Prize fund
Permanent Endowment Funds
Capltal fund
566,058
566,058
5,921
5,921
500,000
500,000
3 294 476
3,300,397
3 879 983
4,451,962
Total
651,565
12. Related Party
There are no related party transactions in the ctjrrent or prior year that require disclosure under FRS 102.
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