Reglstered Charlty number 312694 ARCHBISHOP TENISON'S SCHOOL FOUNDATION TRUSTEES. REPORT AND FINANCIAL STATEMEprrs FOR THE YEAR ENDED 31 MARCH 2025
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Pages Independent Auditorfs Report on the Financial Statements 12 Balan sheet 13 Statement of cashtlo 14 15-25
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Y&ar EThled 31 March 2025 Refernnce and Admlnlstrntlve Delalls of the Foundat10 Its Trtte•s and Advlsers Correspondence address 4 Pilgrims Way Ea< Otsd, Sevenoaks. Kert TN14 SQN A Phiifips S DixorkFyle N Iqbal (Appointed 25 March 2025) (Ap1 25 March 2025) J Watter S Adams Reglstered Chartty Number 312694 P O Box 3171 Walworth Road London SE17 3RQ SatOr House 85 Queen Vic*oria Street EC4V 4 Inveslment Managers Rathbones Investm management Ltd 30 Gresham Street EC2V 7QN Independent Auifrtor Sumer AJGO Limited ststutory Auditor C04 9YQ
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Reference and Admlnlstratlve Detalls of the Foundatlon, Its Tnmteos and Advlsers (contln SollcltOT5 Veale waSjh Vttards LLP Narrthv Quay House BS14QA Stone l(ffYJ LLP BourKlary House EC1M 6HR Surveyors and property Rapleys LLP W1F
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Foundatlon Trustses, Report Year Ended 31 March 2025 In accordance with th8 r8quirements of the Charities Acl 2011. the Trustees present this annual reFQrt and financial statements of the Charity for the year ended 31 March 2025. The financial ststements mplY with the Charities Act 2011, the goveming dlmen[ the accounting policies set out in the notes to the finanual statements and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Finanual Reporting Stsndard applicable in the UK and Republlc of Ireland (FRS 102). Introductlon Trustees had two distinct priorities during this financial year. Th8 first was protecting and maintaining the vacant site on vthich Archbishop Tenison's School in Oval (the School orATS) had been situated. exploring other potential education uses or, rfthere We no potential users. selling the property- The second was to deal with issues following thal sale. and to shape the Charity's continued SUPFX)rt of sch¢)ols and students for public benefiL Hlstory The origins of the charity were the buildiTrJ and endowment ofa Library and separate SchcA)Fs more than 300 years ago. The original intentton was to provKle education to equip underseNed youths hth skills for lrfe. leaming and fithure employmenL Eaty benefaclors dated propety. cash or I)0k5 for public benefft: their endowments paid for teaching posts as well as upkeep of the schools. Twslees traded properties and investments to generate capital and income to support the schcKIL8' iierdtions in Westminster and then Lambeth. working wÉth successive heads. counals and educalion boards. Followng the sale of the last of its land and buildings in 2024 the Foundation no longer holds any fixed assets but conttnues to steward lis endowment for educational public benefiL Struthire, Govomance and Management Archbishop Tenison's School Foundation is an UnInced endowEd educational foundation which operates under the tern of a Scheme set by the Charity Commissioners dated 5 May 1998. to 'govem the charity formerly known as ARCHBISHOP TENISON'S UNITED SCHOOLS". The 1998 goveming do(xJment is the most rent in a series of Schemes over the Foundation's history whith were prJUCed in resFrf)n5e to new EdUtion Acts and the chaiiVs changing relattonship to the various schools It has supported. There have been three administrative changes to the scheme since 1998 to darify investment powers. update nominating bojies for trustees. and rerrK)ve the wuirement to hold a partiojlar parcel of land for tho purposes of the chaiity. According to the Scheme. there should be belween four and Iwefve trustees. One is ex offi0 the Vicar of St Martin in the Fiehjs or their representative. and arther is nominated by the Lambeth North Deanery. The remainder of the trustee p))sts are rewited thn)ugh public advertisement and pers(al recommendati(. New Trustees are gNen a u)py of the Charitable Scheme and copies of the minutss from th6 prec£ding year. They are interviewed by al least two exlsting Trustees and inviled to make further enquiries of the Chair and Clerk before fomial appointsnent.
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Year Ended 31 Alarch 2025 As an erKlowed grant-making charrty. the Charity rarety uses volunteers other than the in consulialion with Ihe c¢>chairs and all trustees vthen appkable. Objectlves and Actlvitles The object as stated in the current Scheme is to provide arKI maintain items, serwces and afjtie5 ts a CtKrch of Ery11 boys day scKKA in the area of IGreater L(XKlon]. stskeholders about their vsh to amend the wording of the object to all¢N them to support Meanwhile. trustees conlinue to sleward the endment for edu¢alional purposes and crtIn to indLhYe: people,. and AChieventS and pwfvrmance during the y During Ihe year the Foundalion was steered by an engaged arvj dNerse group of Trustees Given the continued complexity of matter5 related to the rarity's assets arKI ambttions, affediThJ sthools in Greater London and to research possibEe future benefioaries. and land use across four separate titles. Dèspite extensive Bfforts since 2023 to contin sale was achieved at auclion but a private sale was eventually completed in September 2024.
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Foundation Tntstees, Rep(xt Year Ended 31 March 2025 The succesthl sale of the Fyoperty was a maior athievement for the Charity this year. Even after the sale of the land. trustees corrflnued to be Involved vAth stakeholders around to the volurrte&Y5 Vh helped make this happen. Trustees also with sdN)ots arKI oth organisations to firKI homes for the contents of the Oval school buikling ind1ng planos local ntext and strategic pfiorities, trustees met with the Heads and ChairyJ of a number of govemors of Fulham Boys School, and consideration of a possible grant. After the year erKI In September2024 thetrusteeswere notified thatthe southw Dio(xan Board of Education school has dosed. However. thts does not usualty involve appropriati'rvJ the assets of an independent historic lthile a $554 appIltion is pefKling, there are financial and strategic timitations affecting the this mlqht restrici longer tem growth. mixed schools. as this ¥Uld require a thange in the charity object and requires dearly . After considering all responses, the final decision rests with the Secretary of State. Tnjstees woukl be required to comply with any Tesutting stalthcvy order made to transfer
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Trustees continue to liaise with Cpathirt for Educatim the Ch¥ity Commission For the first half of the year, expenditure exceeded income due to costs of maintainirYJ trustees to explore restartiNJ school donations. At the end of the Tepth"rvJ perKxl. there were debts of £102,668. A c4)rrtingtt fiabTI ty has been disclosed for the possibilty of having to pay business rates and water utilty bills in Following legal arKI Inves att¥1 arKI PaKlirKJ a resolution to a sectKn 554 application endowment charity has resources to continue in operional existen for the foreseeable future and Th8 Board of the TrStee is tesponsibJ• for preparing the Annual Report and the financial statements unless they are satisfied that trY give a true and fair view of the state of affairs select surtable accountrng policies and then apply them consistenity: prepare the flnandal ststements on the goln9 concem basls unless It Is Inapproprtate
ARCHBISHOP TENISQN'S SCHOOL FOUNDATION Foundation Tfus¢oos' Roport Yoar Endod 31 M3r¢h 2025 The Board Is reSDonsible lof keeping sulficiBnl accounting fec(rfds Yihith disclose vjilh asonttls'e accvracy al any lime the finanoal rM)5$1rDn of nrthbjsp Tcnson's School Fo45ndation and onable il lo en$ Ihal the finanual slalemenls cornrAy wrfh Ihe ChaTflpsAd 2017. tlie Chanty (Accounts and Reports) RegulJbon5 2008 artd Ihe prrrrfsion5 of tho Irusl deed 11 Is a150 responsible for salegvarding Ihe assels vf Arthbishop Tenison's School Foundalion 8nd hence for iaking reasonable steps for the WeVent and deledion of fraud and olhcr ifFegylanlies In so far as Ihe Board is awarp. Ihere Is relevaftt audil inlomalton ofwhth Ihe unaware. WKI the Board has taken all Ihe slep5 Ihal Ihey ought io have iaken lo make Ihemselves a%i?re Oi any teLevant audrt information and lo eslaIlsh Ihal the audrtor 55 4Trvare of Ihat EnforTnatson Appioved by Ihe irustees on 15 January 2026 and &gned on Ihew tseh[ by" L Swanson IChaJr} S Tenison (Wice Chairl
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ARCHBISHOP TENISON'S SCHOOL FOUNDATION We have audited the financial sLqtemenis of Archbishop Tenison's School Foundation for the preparation is applicable law and Uniied lfjngdom Attounting starardS. including Financtal Reporting Standard 102 The Financial Reporting Standard appIlble in the UK and Republic give a true and fair view of the state of the charities, affairs as at 31 March 2025 and Accounting Practi", and have been prepared in acoxdance with the requirwnents of the Charities A¢t 2011. We conducted our audit in accordan with Intentional Stsndards on Auditing (UK) (ISAS to our a1t of the financial statements in the Unlted lfjrydom. including the Finanoal Reporting Councifs Ethical Stsndard, arKI we have fulfilled our other ethical responsibilities in Concluslons relatlng to golng concern Based on the work we have perfonned. we ha not idenliThe(l any material uncertainties Our responsrkn'lrties and the resportsibilities of the Trustees with respect to goiNJ con¢em are Other mattern- fv year financlal statements The d)arity was ncrt rquired to have a ststuknry audit for the year er#l8d 31 March 2024. as
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ARCHBISHOP TENISON'S SCHOOL FOUNDATION other infomiation comprises the infomiation included in the Annual Report other than the our report, we do not exyess ary fonn of aSsn condu5ion thereon. rEsponsibilty is to read the other infornation and. in doing so. consider whether the other infonnation is this grves rlse to a mateflal Misstate in Ihe fjnaThial statements themth. If. based on the work we have performed. we conclude that there is a material misstatement of this other Matters on whlch we are requlred to report by exception We have nothing to report in respe(* of the following matters in relation to which Charitses Act 2011 require5 to rewt to rf. adequate for our have not been re1 from brancPEs not visited by us", or the charty finanaal statements are not in agreement wtth the accounb.ng records and the small Companies regirne and take advantage of the small companies. exemptions As explained mCe fully in the Trustees, Responsibilities Statement. the Trustees are wtjethw due to fraud or error. In weparing the financial ststements, the Tnstees are responsibb for assessing the tharity's
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ARCHBISHOP TENISON'S SCHOOL FOUNDATION Audltoes vesponslblllty for the audtt of the flmnclal $tatom•nts but is not a guarantee that an audit conducted in accordan with ISAS (UK) will amiays detect a material miSstatemrt when it exists. MiSstatts Can arise from fraKI or error and aré Irregularibes. induding fraud, are Instan of no¢Fcomp1ian wrth la4VS arKI regulations. We design prOlureS in line with our reS[1&s. ¢xrtlined above. to detect material We identified areas of laws and regulations that could reasonab]y be expected to have a communicated identified lavts and regulations throughout our team and remained alert to any iTrIi1S0nS of noncompliance throughout the alL The p&la1 effe(* of these laws aTh statements induding financial reporting legistation arKI we assessed the extent of compliance of nOrMplIan could have a material effect on amcwnts or disdosures in the financial Statnts. for instsn through the impogbon offines orlitigation. We identifEd the folbwing regulatory and legal correspondence. rf any. such regulations," enquiries of management arKI Ihose charged with governan conMIng any actual or potential lrtigation or claims. inspedion of any relevant legal do¢umenLgtion. 10-
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ARCHBISHOP TENISON'S SCHOOL FOUNDATION Audilorfs rnsponslbility for the audii of tho financial statwnents (continued) There are Inherenl limilalion5 in Ihe audit procedures desctibed above and Ihe further reiThoved non-ccxnrkn th kn and regulalKsns is fnxn e¥Ents Iransaclior rellected In finarK3al slalemenls. Ihe frkety y woukl become aware of it. IegularItIeS ""1 resu fr(wn frat¥l rnJhl rthr rn0 (hffwll lo ddect Ihan Wregularill rtt from error. As explained above. Ifwe is an unavoidable risk Ihat malwial mtsslalemenls may nol be deteded. even Ihough the aLKIrt has been planned and perf0md in accordan wth ISAS (UK). A furthef descripiion of our we5pmsl{lieS for Ihe aAll of the finarKia] Slatn is Iccatè on the Finoncial Reportmg CounaTs webstte aL www.frc.org.uklauditorwpon5ibiTrtre5. This descnptron forms part of our Audilofs Repj Use ol our report This report is made solety totheChaiT¥s member5. as a boty. Ni aCcordanVillh Chapler3 of Part 16 of Ihe Companies Ac¢ 2006. and to the Cnarity's trusiees. as a body. Part 4 of Ihe Chartties IAccounts and Rewrts) Regufabons 2(M18. Our a(Mltl has twi urKlertaken so I w'e mi9hl sf2te to Charrty's members thc6e malters we are requrred to slale to them in an Audiio¢s Report for no oiher PWfAlSQ To the fuw extert pWn1tt ty knv. we do not accept or assume te5ponsibTI ty lo anyone olher than ttle CF• and lis mwnb&5. as a body. for our audrf( woth. for thls repoil orfor the opinlons we have fomied. Piers Harrfson FCA Isenior statutory auditor For and on behaifof SumerAuditco Limited StatrioryAuditor 820 The CreSnI Colchesier Business Park Co!th*.er Essex C04 9Ya Dale: 19 January 2026 Sumer Audilco Lr"mrted is Etsgible 10 3d a5 an a110r in lemis of 5ediffi 1212 of tt
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Statement of Financial Activil Yr Ended 31 2025 Notes Unrestrlcted Fund5 Total Fund5 Total Funds Incomo from: 164204 271 166.204 271 129 Total Income 216,475 216,476 22.794 150 150 31.1LY) 1,710 Audit and accountants faes Cknk fees 15,681 56.787 34.917 15,279 81.247 180.451 I34. Insurance 7,258 230.620 7,258 Ralslng funds 34.914 34914 351.924 351.924 4a116 Reallsed and unrealised thvesknent gainsl(losses) 1.138 2.422 Net Income l {expendlture) 6.754,357 6,74357 (396.900) 1 W 21124 71W4 714214 1.111114 Total funds carrfed forward at 31 Alarch 2025 £ 7.469.511 £ 7M69.571 £ 715214 All income and expendtyjjre derive from continuiNJ actibities. 12-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Balance Slicet As at 31 Marth 202S Note5 2025 2024 Fixcd asscis School buildings Investments 27,332 695.577 524,033 r 524,033 £ 722.909 Current assets eblors Cash ol bank 10 11 7.048,2Q6 100 29.875 7.048206 29.97 Current lÈabilities CS1or5 dLe Kiih5n lh& year 12 18,668 37.670 Provisions 13 84.000 Not cutTent assetsllliabilsties) 6.945.538 (7.695J Total net assets £ 7.469.$71 r 715.214 The Funds of the Charity G2ne¢21 Income Fund Cdprtal Fund 14 15 7.469,571 711.228 Totsl Funds 16 £ 7.469,571 £ 715.214 T 3ccwnts were approved on i*hall OItheTeeS on. Signed on behaN of the Tfuslees L S'wanson Chair S Tenls0Tr Wice Chair 13-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION 2025 2024 169W) (M1.011) 271 129 1142.411) 6.916.000 (491QOOO) (8.3( Proceeds from sale of tangible fd ass* 47,860 384,732 (X.62A) 29.875 24.721 5,154 Cash and cash equivalents at the beginnirvj of tre year 29.875 14-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Notes to the Financial Statements Year Ended 31 IAarch 2025 1 Accountlng Pollcles Reporting by Chartbes . Statement of Recommer¥Jed Pra1 applicable to charitses in UK arKI ReFth of Irdth (FRS 11r2) (Sec(XKI EdilKm) afKI the Finar 102) and the CharitEs Act 2011 aTrJ UK Gmally Ac(•l Practice as it appr from 1 January 2019. extent required to prove a Irue and fairf view. TIMS departure has involved following Accounting and Reporbng by Chanb"es: Statement of Recommended Practice RecommefKled Pracbce effec%ive from 1 Apnl 2(X)5 whith has been %•ithJrawn. The financial statements have been prepared under the histori¢21 cost convention with The financial statements include all transa(ons. ass*s and liabilities for which the b Going concem penod at least 12 montrts fr(xn date of apF0¥al of these ffinancial statements. Thus, the Tnjstees continue to adopt the going concem basis of accounting in General Income funds are unrestrlcted furxls whlch a availabk for use at the Trustees for particular purposes. The aim and use of each designat1 fund is set out 15-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Year Ended 31 IAarch 2025 1 Accounllng Pollcles- (contlnued) d In¢¢xne All income is Tecognised once trE charity has entiuemerrt to the income, it is probable that the income will be r1. and the amount of income receNable Can be measured reliably ty the chariiy: this is nomalty upon notification of the interest paid or payable by the Bank. e Grants Grants are recc8nised when made and St within expendrture on charitable ExFendtture is reccrfjnised On there is a legal or nStru{1ve obligation to transfer TatIOn The Foundation is a tharity Within the meaniTrJ of the Charities Acts 2011 and as such Taxatton of Chargeable Gains Act 1W2 to the extent that such Inco or gains are applied exdusi¥ely to its chariiable purpose& h Investments Investrnent gains and losse5, whether realised or unrealised. a combined and shown g Tangible fixed assets No depreciation is d)arged in respEd of the buikjings as estimated resKlual value l•then the Charity dtsposes of tangfi)le fed assets, the net sale preedS less the carrying value of the asset, are recorded as profit on disposal in the year which tha 16-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Year Ended 31 IAarch 2025 1 Accountlng Pollcies- (contsnued) Trade arKI other debtors are recognised at the settlement amount due after any trade I Cash and cash equivalents Cash is represented by cash in hand arKI depogtswith fjnancial institutsons repayable in value. J Creditors in setuement, the amount of the Settle can be eshmated refiably. Credit¢Jf5 are recognised at the amount that the Charity antiapates it will pay to settle k Provisions Provisions are recognised when an event has taken place that gNes rise to a legal or Provisions are measured as the best estimate of the anount required to settle the oblig*ion, taking into acrount the related risks and unortainties. I tkbentures The Foundation has re(J)gnised Archbishop Tenison's Sports Ground debentures at Baslc flnanclal assets value through profft and loss) and are subsequently canied at tr1r amortised cost using the effective interest method, less any provision for impairment, unless the 17-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION 1 A¢countlng Pollcles - (contlnued) Discountiro ts omitted wPEre the effect of dc0rtIng ts Tmmaterial. The Companys cash and cash a]uivalents, trade and Most other debtors due with the Opating cycle Other financial assets, which indje$ inveslmenls in equty instruments thich are not dassified as subsidiaries. assctiates or joint ventures. are inttialty measured at fair fair value cznnot be m&isured refiabty, ttw are Measured at cost less impairment. Flnanclal Ilabllitles its liabilities. Basic financial liabilrtres, whith indude trade arKI other c¥editors. bank loans and other WhebY the debt instrument ts measured at the present value of the fuiure payments discounted at a market rate of intwesL discounting is omitted where the effed of in the ordinary course of business frcAn suppliers. Trade uedftors are dasstfied as Current liabilities rf the payment is due wilhin one year. If not, they represent non- 18-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Year Ended 31 Ilarch 2025 2 Crltlcal accountlng estlmatss and ar&¥ of Judgement judgements and estimaies have made Ine. Provlslons and conljngent Ilabllttles repJtrg dae as a of a past (b) it is wobaNe (i.e. nL) arnourrt of trE obftgalion can be estrnated relrabty. A contingent liabitty is either a possible but uncetsin obligation or a present obligation thai is reCll$ it fats to rrd orE or bcth (b) {c). An The Charivs managrt make judgement in detemiining the likeliht)od of the obligation at the reporting date. and esttmating a reliabk value for the obligation, and Invesbnent Income 2025 2024 Tmie deposit accouni interest 159,512 2025 2024 D(Thtions 225 19-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Yr Ended 31 March 2025 Analysis of expendftu Ground rent 150 600 31.100 1.710 1&681 E li Legal and prrfessonal fees General rates 56,787 34,917 15.279 81.247 180.451 6.469 (34,917) Iwran Sundry expenses 1,201 402 34.914 351.924 422.116 2025 2024 Tanglble fixed assets Cost txought forward Disposals 27.332 (27.332) 27.332 £ 27.332 -20-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Notes to the Flnanclal Statements Y•ar Ended 31 March 2025 Flxed asset Investments 2025 2024 Investments at market value 119,360 146,269 Cash with RathtrK)nes Investment Management Short tenn deFosits Rathbones Investment Management 20.277 529.031 404,673 £ 524,033 £ 695,577 Historical o)st of Investsnents £ 115.227 £ 155.942 These investments are subject to disc¥eknonary management by Rathbones Investsnenl Management Ltd. Summary ol quoted invèstments 2025 Marf(et value 2024 Market value Inwne for year Income for year Cosl Cost UK Government Securities. Indox Llnked and Flxed Irrterest 6,431 115,227 119,360 100.(KI 7.588 123.456 128,148 30.42 Quoted Company Equlty and other Se¢uritles 361 11.839 32.486 18.120 47.47 Investmont Companie& Commoditles and Funds 5.515 22.11 Total £6,792 £ 115,227 £ 119,360 100.00 £24.942 £ 155,942 £ 146,268 100.00 21
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Notes to the Financlal Ststements Year Ended 31 March 2025 Quoted Shares. Gllt Edge and Fixed Interest Stock Market value at 1 April 2024 AcquisilK¥ 146,269 1.024.194 1(4).079 2.741 1128.126) {973.( 1.138 1422 Market value at 31 March 2025 £ 119,360 £ 146,269 10 Debtors 2025 2024 £ 1(K) 11 Cash at Bank Current account Deposit account 7,233 22,642 7,956 is £ 7.04Q206 £ 29.875 12 Credltovs Trade uedriors Accruds M242 18.426 34,917 2.753 £ 101668 £ 37.670 -22-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Notes to the Financ1 Stateme Year Ended 31 knh 2025 13 Provlslons and contingent Ilabllliles At 1 April 2024 Movement in provisions 84.000 At 31 Marth 2025 £ 84.0 The provision above for £84.000 relates to commission that may be payable in the 14 Genernl Fund 2025 2024 as * 1 Awl 2024 Net incomlTuI(exper resourc Transfer from caprtal fund 14.S)2 (10,616) 6.754,357 711.228 £ 786971 £ 3,986 The General Income Fund is a general fund to meet ad-ho¢ eXperS and makes 15 Capttsl Fund Balance as at 1 April 2024 Realised and unrealised gains 711,228 1.097.512 2,422 (388.7( (711228) Balan as at 31 Marth 2(r25 £ 711.228 Incorne Fund. FolkMirKJ dosure of the sclK)ol. tt* f(xThJation has significant expenditure In securing the school site. As a resutt. the capital furrfl saw a large Trustees agre&J that th& Catal FxI is rDo req as Ihe F(wTrJatM)n loryer holds any fixed assets to malntaln. As tM)th lurKls are unrestrlcted, the Trustees -23-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Notes to the Financial Slatwnents Year Ended 31 IAarrh 2025 16 Analysis of Net Assets Between Funds Freehold Current Property Invesljnents Assetsl qua15) Total General Fund 7,563.988 (94,417) 7,469,571 £ 7.988 £194.417) £ 7A69.Ff1 17 Staff Costs 18 Status and Funds The Foundation is registered as a charity wilh the Chartty Commission {No. 312694). income and experKlrture account aThJ ts expended to benefft the charitTes purposes at the Trusts' discretion. The chanty 5s controlled by its trustees. No related paty transacti have taken Pla dIng the year. -24-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Notes to the Financial Statements Year Ended 31 PAarh 2025 20 Flnanclal Instruments FmarKial assets rneasw at far Yalue through SOFA £ 119,360 £ 146,269 £ 1(KJ 2025 2024 Flnancial liabilities £ 213.807 £ 36.380 Financlal assets measured atfairvalue ttwough the SOFA compriseof listed investments. activities. At the year erKI date. the trustees are aware of two instances of possible but unrtain both c(¥MrrtAYts (b) th (c) FRS 11T2 p• 21.4. Pr(Nis1. 1) Business Rates During course of the prior and currerrt year, the FourKlation was irNoiced for 2) Water rates payment for water rates from the foundatton, it YUkI resutt in a fiabilty. As of the date of approval of the financial statements. the likelihood and value are unknown. $54 application vrns submitted to ttie Secretary of State for Foundation's endowments to be allocated to re1lOuS &4ucaiion in the DI0e. The TNstees -25-
ARCHBISHOP TENISON'S SCHOOL FOUNDATION Year Ended 31 IAaYch 2025 ReconcllL*lon of net movement In funds to net cash flow from operntlng 2025 2024 &75v (.) Adjustments for Profit on disposal of lang11e fixed assets (6,888,668) {271> (129) 2,510 64.998 34,508 Net cash used In operatlng actlvltles {69.484) (360.011) 23 Analysls of cash and cash equlvalents Cash in hand 8.251 29.875