## **TRUSTEES OF ISLEWORTH BLUE SCHOOL TRUSTEES ANNUAL REPORT AS AT 31ST MARCH 2023** 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 d) The Trustees 7. Finances: The accounts show net income for the year of £122,634.00. 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 £3,360,211. 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) Payment of block grant to be used by the school for the benefit of its pupils (ii) For the purchase of bibles for students ISLEWORTH BLUE SCHOOL EDUCATIONAL FOUNDATION ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 Charity Number- 312546 HAROLD SMITH CHARTERED ACCOUNTANTS ST ASAPH & CRICCIEfH ISLEWORTH BLUE SCHOOL EDUCATIONAL CHARrrY INFORMATION FOR THE YEAR ENDED 31 MARCH 2023 Charity Number 312546 Trustees Mr. P. A. Turner Mrs. C. J. Pielichaty Mr. D. l. Freeman Mr. J. Jenkins Mrs. F. Strongman Mrv. Thontadarya Ms. C. Reichardt Charlty Address 4 Church Street lsleworth TW7 68H Harold Smith Llnit 32 Uys Edmund Prys St A5aph Busine￿ Park Denbighshire LL17 OIA INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF ISLEWOTH BLUE SGHOOL eovcATrONAL FOUNOATION IREGISTEReD CHAR￿ NO. 3125461 We rek￿ on the ace£Junts for the year ended 37 fvlarch 2023 which compftse the ststement of financial acliwties and bal2n¢e sheet and thè related notes. R￿p0¢bve responsibililies of tnJstees ar* examrnar. The charity's trLtstees are responsible for the preparation of the accounts. The Gharivs trustees consider th* an audit is not requTred for this year under section 144{2) of the Chartttes Act 2011 Ithe 2011 Act) and that an independent examinatian is needed. It 1$ rny respon$Èbility to.. examine the accounts under section 145 01 the 2011 ACL to follow the procedures laid down by the gener81 directions gwen by the Charity Commission under section 14515)Ib) of the 2011 A¢t' and to stats whether particular matters have come lo my &ttenlion. Basis of independent examinerfs report Our examinatton w8s cani¢d aul in awordance ￿th the General Directions gNèn by the Charity Commissionets. An examination includes a rewew of the accciunling records kept by the charity and a eomparison of the a¢￿￿nts presented with those rec¢rds. It also includes consideration of any unusual items or disclosu￿$ in the accounts, and seeking expl8nalions from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidenee that would be required in an audit and consequently no opinion is gwen as lo whether the accounts presenE a'lrue and fair Vie￿ and tha report is limited to those rnatters sei out in the statement ￿lOw. Independent examineffs Statement In connection with our examinat￿n. no matter has come to our attention: 11) which gives us reasonable cause lo believe that In any material ￿Spect tho reqirrireménts- • to keep a¢counbng records in aecordance with Sectlon 130 of the 2011 Act: and to prepare accounts which acwrd with the 8¢counting records and to compty with th8 2wtsntsng requirements of th& 2011 Aot have not been met., or 12) to which. in our opinion. attention should be drawn w order to enable 8 proper ndetstanding Df the accounts to be reached. D2ted Simon Murray-williams FCA for and on behalf of Harold Smith Chartered A￿untants Sl. Asaph BLtsiness Park Denbighshire LL17 OJA ISLEWORTH BLUE SCHOOL EDUCATIONAL FOUNDATION STATEMENT OF FINANCIAL ACTIVlnES FOR THE YEAR ENDED 31 MARCH 2023 Gerjeral 2023 YOYAL 2022 TOTAL Inmming Resour¢es Donatron5 and le8acles 145 145 330 Ch2r¥tsble activltyes 14.232 14,232 19560 Othertrading activities 89,896 89,896 85,264 Irwe5tments 45,359 4S,359 39.795 TDtsI Int¢me 149,632 149.fj32 144.949 ftesour￿ Expended Charitsble Activites 63,006 63,006 40.970 Other Expenditure 21956 21956 23.243 Governallce Cosrs 2A90 2,890 1,75Q Totsl Expenrfi￿re 87*52 87A52 65.963 NetlnEoming/lOut8olngl Resource$ 61,780 61,780 78.986 Galnsl{Ic$5esl on ￿ValUatIon 807,000 807.000 Ufireallsed GalnsllLossesl on Investrnents 147.0451 147,0451 N¢t Moverftenr in ReseNes 821,73S 821,735 7S.986 AeseNes 8ataAts brtsu8htfon¥ard- IApnl 2022 2,S38.476 IS38A76 2,459A90 Balan￿ canied fryw¥d. 31 Marth 2023 3A60,211 3,360,211 2&38A76 ISLEWORTH BLUE SCHOOL EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 BASIS OF PREPARATION Theaccovnrs have been prep3red in accotdance With the Ststementaf Recommended P￿ctice.. Accoufttingand Rewrting by Chèrities weparin8 thEiracthunts in accordat)tswith the Financial ReportiNgStand¥rd appllcable in the UK and Rep￿bLIC of Ireland IFRS 1021 issued on 16July 2014aad with theCharftiEsAct 2011. o rnaierial priorY88r￿Qr havo been l(18rttified in the reporting period (3.47 FRS 102 SORPI. NOTE 1 . ACCOUNTING POUCIES R8¢otsottJon of in¢omlno rosourews Thèse are the Statementof Finanoal Activities ISoFAlwtEn: charfty becomes en￿lled to th8 tssour¢es.' the INs¢ees are VI￿alty cerLan they WAI receNe the re50uw an¢ the monttsry value be measured %￿￿¢[ent rel￿b￿lty. InGomin9 resoiirces wlth related èxpendtture Where inceming raséurees have relatsd eynditura (a&￿?1h fvnOrai*ng or contrart ¥ictsmel the inrorniro ie50uw and related expBndilure are reported gr05s in the SOF Grants OF￿ donations Grards4nd don211¢ry8 arèonlythcluded lft the SoFAwh¢n the charity has uncMditk)nal oAtJllement to Contractyal incotne and perfom*n¢& rèlatsd grants is or￿Y induded n th8 SOFA once the reLqied goodser servKes have been d¢￿vered. Invè5tmgnts Investments h&ld fortho long.tem indud*d ¥Athin DJrrgnl 8SS•ts and arnstatad 41 rnarkel v¥u•. TheTrusteeacwutrts for all inve5tm¢ni income and ￿lISed gabi8 and b$5es in the StatwtsÈntof Fine￿￿81ActiVI￿88. GoVomanc¢ costs Include coslsofthe prepathDn ￿ exarninalton ofststulory #cwunts. Ihe o)sts of trustee m¢¢brgs and c05t ofaw le9818dvice to ¥usièes on govérnance or const￿l¢nal matre¥& Crants pÈrf¢nnatso ¢gTrditions Where Ihe (*rarftyglves 8 grant￿tr lor hs Pa￿Tent a specific oftservth or ouwui to be provided, suth grnnts are only recognisèd In the S)FA once the rec4018ntof Ihe gr8nl h8$ provided thè specified serv￿9 or outFuL Grants payabl¢ wlthoirt perfonxafitteewdibon$ Thesa are 0￿Y r8trJynlsed in th$ $WOIIQts 5vhen a commitrnenl has been made and there are no condl)ons to be met rdating to ts grantwhich remain in tho contrd of tho charity. Tangiblefixed a$srf$ for use by Gharity Flxed 4ss8ts are slated atcost. The walualton mLK191 has been adopted for the Investmeniproperty. revaluatign e8rrfed ouien 25th J?nuary2023. lrtcomo from intsr¢s( rD￿l￿*S and divldends ts included In the acuunts bthen r¢cEipt prob8bJe and Ih8 an￿nI rgr*fv8blè be mtasurod tEllably. Invgstrn8n¢ galns and losses This Includes anyrealised or unrtralissd g8in$ orlos$68 on tre sal8 of InvÉstmBnts and anygaln or ss resulting from revalu￿9 In¥estmeF>ts to mad¢tl vaIue atlhe end of thg ￿ar. ISLEWORTH BLUE SCHOOL EDUCATIONAL FOUNDATION BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 FIXED ASSETS: 2,331,929 1,524329 CURRENT ASSEr&" rAF cash ac¢ount Investments at Valuation 147,137 881,145 1753S7 838.190 1.028,282 1,013.547 NET ASSETS: 3,360,211 2.538.476 RESERVES Rèvaluatlon Reserwè A¢¢umulated Surplus¢s 759.955 2,600,256 2,538,476 Capltal Carrled Forward 1360.211 2,SN476 Approve alf of the Trvstees ..Member -Dat8 ISLEWORTH BLUE SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 NOTE 3: ANALYSIS OF RESOURCES EXPENDED General MAR 2023 TOTAL MAR 2022 TOTAL Charitable Activities Hall Letting Expenditure Clerk's fee Hall running costs Swimming pool site rent Unidentified cheque paymenls Leaving gfft Xmas paty Bank charges Block grnnt Bibles 3,935 3.900 17,129 3,935 3,900 17.129 2.184 3,QOO 4,433 T50 250 100 192 250 100 192 103 30,000 36.504 912 38,$04 912 63.006 63,006 40.970 Other Ex enditure Commission Management feés Rgpairs cleaning elc Insuran¢e Utilitie5 & misc 11,721 576 1.989 7,690 11.721 576 1.969 7.690 11,254 750 1,924 9,315 21.958 21,956 23.243 Governance Costs Accountancy Independent examiners 1,750 1.140 1,750 1,140 1,750 2.890 2.890 1,7SO ISLEWORTH BLUE SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 NOTE 2: ANALYSIS OF INCOMING RESOURCES Gèneral MAR 2023 MAR 2Q22 TOTAL TOTAL Donation and Le ades Donatior 145 145 330 145 145 33Q Charitable ivities Rental Income 14.232 14.232 19.560 14,232 1d.232 19,560 othertra in actlvlties Rental Irjcome 89.896 89,896 85,264 89.896 89,896 85264 Investment Income Invsstment Income Int&rest 45.130 45.130 229 39,795 45359 45,359 39,795 Totsl Income 149,632 149.632 144949 ISLEWORTH BLUE SCHOOL EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 NOTE 6: REVALUATION RESERVE MAR 2023 TOTAL MAR 2022 TOTAL At l April 2022 Unrealised Gain/Loss on Investments Revaluation of Invexment Property 147,0451 8a7,OC At 31 March 2023 759,955 The effertive date of the revalu8tion on the inve5tmenf property was 25101/2023. The valuation was ￿rrIed out by independent valuer- Anthonyjames Manser. 10112 Sovfh Str4¢1 C¥etakeVs fl81 1,460.000 325.000 1,785,000 NOTE 7.. ACCUMULATED SURPLUSES As at 31st March 2023 and 1st April 2022 2.600,256 2,538,476 ISLEWORTH BLUE SCHOOL EDUCATIONAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 NOTE 4: TANGIBLE FIXED ASSETS Investment Property F￿hOld Property Total Cost At 1st April 2Q22 Rtrvaluation 978.000 807,000 546,929 1,524.929 807,000 At 31st March 2022 1,7S5,000 546,929 2,331,929 Doprncialon At 1st ApHI 2021 Charge for thè year Al 31st March 2022 Net book value At 31st March 2021 978,tXO 546,929 1,524,929 At 31st March 2022 1,785,000 546.92g 2.331.929 NOTE 5: RELATED PARTY TRANSACTtONS There are no related party transactions during the year. CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlnerfs Report Report to the trustees On accounts for tho year ended Charity no (if any) Set out on pages I report to the trustees on my examination of the accounts of the above harity ('the Trust"} for the year ended Responsibilities and basis of report As the charitys trustees, you are responsible for the preparalion of the accounts in accordance with the requirernents of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trusys accounts carried out under seclion 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Dlrections given by the Charity Commission under section 145(5){b) of the Act. Independent tThe charity's gross income exceeded £250,000 and l arn qualified to examinerfs statement undertake Ihe examination by being a qualified member of [insert name of applicable listed bodyll. Delete l ] rfnot 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 accountlng records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with th8 accounting records,. or the accounts did not comply with the applicable requirements concerning the forrn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirément that the accounts give a 'true and fair, view which is not a matt8r 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. Pleaso delete the words in the brackets if they do not apply. Date: Signed: Name: MU££AW- ￿ILLIA*A5 rcA Relevant professional qualification(s) or body IER Oct 2018 {If any): Address: HAQ)LO ACCOWTAFtsfS, ONJIT LLYS £OMIJwo pLws, ST FEAPH B)sINcs3 PALK T A3APH , LLII OJA Section B Dlsclosure Only complete if the examiner needs to highlight matenal matters of concern (see CC32, Independent examination of Gharity accounts= directions and guidance for examiners). Give here brief detalls of any Items that tho examlner wishes to dlsclose. Rev@l￿tu￿ OP tre ￿Per￿a 10111 IER Oct 2018 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF ISLEWOTH BLUE SGHOOL eovcATrONAL FOUNOATION IREGISTEReD CHAR￿ NO. 3125461 We rek￿ on the ace£Junts for the year ended 37 fvlarch 2023 which compftse the ststement of financial acliwties and bal2n¢e sheet and thè related notes. R￿p0¢bve responsibililies of tnJstees ar* examrnar. The charity's trLtstees are responsible for the preparation of the accounts. The Gharivs trustees consider th* an audit is not requTred for this year under section 144{2) of the Chartttes Act 2011 Ithe 2011 Act) and that an independent examinatian is needed. It 1$ rny respon$Èbility to.. examine the accounts under section 145 01 the 2011 ACL to follow the procedures laid down by the gener81 directions gwen by the Charity Commission under section 14515)Ib) of the 2011 A¢t' and to stats whether particular matters have come lo my &ttenlion. Basis of independent examinerfs report Our examinatton w8s cani¢d aul in awordance ￿th the General Directions gNèn by the Charity Commissionets. An examination includes a rewew of the accciunling records kept by the charity and a eomparison of the a¢￿￿nts presented with those rec¢rds. It also includes consideration of any unusual items or disclosu￿$ in the accounts, and seeking expl8nalions from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidenee that would be required in an audit and consequently no opinion is gwen as lo whether the accounts presenE a'lrue and fair Vie￿ and tha report is limited to those rnatters sei out in the statement ￿lOw. Independent examineffs Statement In connection with our examinat￿n. no matter has come to our attention: 11) which gives us reasonable cause lo believe that In any material ￿Spect tho reqirrireménts- • to keep a¢counbng records in aecordance with Sectlon 130 of the 2011 Act: and to prepare accounts which acwrd with the 8¢counting records and to compty with th8 2wtsntsng requirements of th& 2011 Aot have not been met., or 12) to which. in our opinion. attention should be drawn w order to enable 8 proper ndetstanding Df the accounts to be reached. D2ted Simon Murray-williams FCA for and on behalf of Harold Smith Chartered A￿untants Sl. Asaph BLtsiness Park Denbighshire LL17 OJA