## **TRUSTEES OF ISLEWORTH BLUE SCHOOL TRUSTEES ANNUAL REPORT AS AT 31ST MARCH 2022** 1. Name: Isleworth Blue School Educational Foundation also known as Isleworth Blue Schools 2. Address: 4 Church Street, Isleworth, TW7 6BH 3. Charity Number: 312546 4. Nature of governing document: Charity Commission Scheme dated 4th March 1955. 5. Trustees: Mr. P.A. Turner Mrs. C. J. Pielichaty Mr. D.J. Freeman Mr. J. Jenkins Mrs. F. Strongman Mr V. Thontadarya Ms. C. Reichardt 6. Bodies entitled to appoint Trustees: - a) London Borough of Hounslow - b) Vicar and Churchwardens of Isleworth - c) London Diocesan Board of Education 7. Finances: The accounts show net income for the year of £119,522.00. Income is generated from its property and cash investments. These are held in order to generate income for the charity. The charity’s net asset at year end where £2,538,476.00. The charity has a sound financial basis for the future. 8. Objects: The Trustees have referred to the Charity Commission’s guidance on reporting on public benefit (section 4 of Charities Act 2006) when reviewing the charity’s aims and objectives, and when planning the charity’s activities. a) Capital Money may be used in the purchase of a new site or the erection, alteration or improvement to the buildings for Isleworth Blue School. b) Income may be applied (i) in making grants for the purpose of enabling the School Governors to comply with their obligations under the Education Acts. (ii) in the provision of special benefits for the School. (iii) in making awards to boys and girls in need of financial assistance who, or whose parents are resident in the ancient parish of Isleworth or who are or have for not less than two years been in attendance at the Isleworth Grammar School for Boys or the Isleworth Green School for Girls or the Isleworth Blue School. (iv) for the benefit of Isleworth Green School. 9. Activities and Achievement during the year: Making awards to the Blue School (i) Towards the cost of improvements to the school and renovations to school premises (ii) For the provision of swimming and music lessons and some overheads ISLEWORTH BLUE SCHOOLS Registered Charity No 312546 ANNUAL REPORT and ACCOUNTS for the year ended 31st March 2022 Ri¢h?rd Haneock Winoates Cannon Court Rd Mai¢Yefthèad SLe 7QN Q..IUs¢rslRicharyJlDosktoplRichdatalExceNBS￿￿SchQd ArKounts￿5 2SIOW20 IsLE￿ORTH BLUE SCHOOLS Income and Expenditure Account for the year ended 3110312022 2022 2021 Income Note Income Expenditure Net Net Rent 1 OJ12 South Street Rent Caretakerfs Flat Hall Letting Interest Investment Income Donations 67,864 17,400 19,560 13,100 10,143 2,184 54.764 7,257 17,376 35,186 7,077 4,687 39,795 330 119,522 34,858 104,824 25,427 81.808 Overheads Clerk's fee Book-keepingl accountancy Hall running costs Swimming pool site rent Counsel's Opinion re lease Bank charges 3,000 1,750 4.433 750 3.000 1,750 5,369 750 1,440 72 103 10,036 12,381 Distributable Income 109,486 69.427 Charitable Expendtture Blue School Govemors Block Grant Award School Electricity bill Net Income 30,000 500 40.000 30,500 78,986 2,009 42,009 27,418 C:IUsÈrsfttchardlD8sKtsplRthdalaEx¢ÈNBSIBlue School AccourtsAs %10912022 ISLEWORTH BLUE SCHOOLS Schedule of Assets and Liabilits"es asat 3110312022 Note 2022 2021 Fixed Assets Investment Propety at valuation Freehold property at cost 978,000 546,929 978,ooa S46,929 1,524,929 1.524,929 Current Assets Investments at valuation CAF cash account 838,190 175,357 1,013,547 781.257 96.624 877,881 Total Net Assets 2,538,476 2.402,810 Approved on beha]f of the Trustees Date ..Sh. 202 3 Q..1UwlRthardDeslrtopiRichdatsEK￿IIiBs1BI￿sthtY>l Accoun[s￿$ 2W09tt ISLEWORTH 8 UE SCHOOLS Notes to the A¢counts for the Year ended 31st March 2022 The accounts are prepared on a Receipts and Payments basis which excludes depreci*ion and pre-payments. Any signif5cant ueditors or debtors will be referred to in the Schedule of Assets and Lsabililies. Insurance Utilities &mi Net 1 Le in Ront Commission Management Repairs fees cle2Tring et¢ 10 & 12 South St 10 South St 12 SoLrth St Flat I Flat 2 Flat 3 Flat 4 2169 -2,314 11.067 12.1 $2 5,900 9.531 10,272 8,156 12750 14000 7224 11940 12000 9950 1683 1270 1576 108 54 590 90 427 135 1313 Totsl South St 67864 9274 270 1252 2304 54.764 Caretakers fl* 17400 1980 480 672 7D11 7257 Total Letttftgs 8526 11254 750 1924 9315 62,021 SignffirAnt Expenditure Caretakeffs flat. HhAO licence. Coun¢51 TaK Mix up over school electricity bill 2 Investment Income Charifund Charibond 39,795 Total 39,795 3 Hall runnin costs Caretaker Cleaning Repairs utilitiès 2,640 262 408 1,123 Other Total 4 Swimmi ool stte rent A rent review was agreed increa&ng the rent from £650 pa to £750 pa as from 0110412f)17 5 Investment Pro 10112 South sireet Pu1￿haSe 1997 Additions 2010 Addthons 13Q,421 21,254 138,961 Total cost 290,636 Valuation by Anthony James Manser as at 3110312013 978.000 6 Freehold Pro Blue School North Street Isleworth purch8sed in 1960 Various improvements and e)2ensions induding the construction of the New H811 in 1984 and the construction of a new ICT block in 2001. The net cost after deducaion for graftts received and depre￿atIon to 2013 was 192,738 Hall e*(ension complete¢J 2016 at a cgst of 354.191 Total 546.929 7 Inveslme Investments Valtsation Co* Market Value 3110312022 MaTkel V3k 311tr312Ql 43136.841 Charifund 4206.685 Charrfund 5716.24 Charifund 186,857 65,000 90,820 681,437 66,453 90.30Q 1e6.8FI ,000 Purchased 03110116 Purchased 05105120 6Its40 84.166 47343.526 Charifund 342,e 838.190 342.617 781.257 8 Summa of Distributable and net inGOFne Yearto Distributable Income £OOOs Charitsble Expenditure £ofios Net In¢ome £OOOs 2014 2015 2016 2017 2018 2019 2020 2021 2022 73 52 102 21 -18 52 375 41 -287 58 99 14 69 109 14 27 79 42 30 Totsl 676 -101 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner'5 Report Report to the trusteesl members of Charity Nan ISLEWORTH BLUE SCHOOLS EDUCATIONAL FOUNDATION On a¢¢ounts for the year ended ST 31 MARCH 2022 Charity no lif any) 312546 Set out on pag8S {reTr￿mber to include the page numbers of adI￿Oi￿al ¥hgetsl I report lo the trustees on my examination of the accounts of the above charity {"the Trust.) for the year ended 3110312023. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the acGounts in accordan￿ with Ihe 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 carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515)(b) of the Ad. I have completed my examination. l Confirm that no material matters have corne to my attention (other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material spe¢t.' accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in conn8ction with the examination to which attention should be drawn 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. Slgned: Irr Date: Nam8: SIMON MURRAY-WILLIAMS FCA Relevant professlonal qualificationls) or body Ilf any}: Institute of Chartered Accountants in England and Wales Address: HAROLD SMITH ACCOUNTANTS, UNIT 32, LLYS EDMUND PRYS ST ASAPH BUSINESS PARK, ST ASAPH, LL17 OJA IER October 2018 Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidan￿ for examiners). Give here brief details of any items that the examiner wishes to disclose. It was recommended in the examiners report for the accounts 3110312021 for the property at 10112 South Street to be revalued due lo the last valuation being dated in 2013. This revaluation has not oCcU￿ed in the year end 3110312022 accounts bLrt has been done post year end (January 2023). Charyty will be sending additional infomiation to examiners post year end to facilitate next year's report. Immaterial inconsistency reported in the 3110312021 report have been addressed in the current year. Material misstatement of the Inveslments at valuation reported in the 3110312021 report have been addressed in the current year. IER October 2018