REGISTERED CHARITY NUMBER: 312767
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2025
for
FRIERN BARNET EDUCATIONAL TRUST
Gynch Shaw Maurice & Co Chartered Certified Accountants Rear of No 2 SPM House Glenthorne Road Friern Barnet London N11 3HT
FRIERN BARNET EDUCATIONAL TRUST
Contents of the Financial Statements for the Year Ended 31 August 2023
| Page | |
|---|---|
| Report of the Trustees | 1to4 |
| Independent Examiner's Report | 5 |
| Receipts & Payments Account | 6 |
| Statement of Financial Assets and | 7 |
| Liabilities |
FRIERN BARNET EDUCATIONAL TRUST
Report of the Trustees
for the Year Ended 31 August 2025
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Friern Barnet Educational Trust (FBET) was constituted by a Trust Deed dated 17 November 1900 and is a registered charity number 312767. Approval was obtained from the Charity Commission to change the charity's name from Friern Barnet Grammar School to Friern Barnet Educational Trust.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The promotion of education and religion in accordance with the doctrines of the Church of England and benefiting parishioners and others within the Ecclesiastical District of Friern Barnet and others.
The Trustees met three times during the year ended 31 August 2025.
HISTORICAL
On 1 September 1995 the trustees leased the property previously occupied by the Trust to John Catt Educational Limited which operated Dwight School formerly known as Woodside Park School. On 19 January a 999 years lease on the property was granted to John Catt Educational Limited and the sale proceeds invested on a recognised UK Stock Exchange. The rents and investments income have been used for the objects of the Trust.
FINANCIAL REVIEW Principal funding sources RECEIPTS
Income within the year was paid from interest and dividends from the three investments as follows:
| Harris Allday Client Account | £21,372 |
|---|---|
| Schroders | £27,710 |
| M&G | £35,642 |
The total investment income within the year was £84,724
Other Income £98 Interest on Deposit Account £264
Total income for the year was £85,086
PAYMENTS
Fifteen grants were awarded in the year. Nine schools were helped, grants were made towards school trips, wider curriculum activities, a grant towards 2 minibuses, music lessons, soft play equipment and SEND resources. Four grants to other organisations were provided towards an organ scholarship, a grant towards an exhibition workshop, a music tour and equipment for a local playgroup. One grant was awarded to an individual connected to their musical development.
Total grants within the year, £84,765
Total payments (including bank charges and administration) within the year, £84,915
Page 3
FRIERN BARNET EDUCATIONAL TRUST Report of the Trustees for the Year Ended 31 August 2025
Investment policy and objectives
The trust deed places no restriction on the investment powers of the trustees. The Trustees' investment policy dated 1 February 2001 requires the Trustees to act as prudent investors basing investment decisions on two basic objectives:
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To protect the capital of the Trust against loss, including loss of value arising from inflation.
-
To earn the maximum rate of return consistent with maintaining an acceptable level of risk.
FINANCIAL REVIEW
Reserves policy
The trustees' policy is to maintain sufficient reserves to produce an income to fund the Trust's charitable objectives as stated above. Cash reserves at the end of the year totalled over £100,000 - this represents well over 1 years expenditure. There has been an increase in reserves due to all the investments each now providing interest and dividend income.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
312767
Principal address
The Parish Office St John's Parish Centre Friern Barnet London N11 3BS
Trustees
Mrs F Philpott Mr A G Beal Mrs G Clemens Mr S Conacher Ms Frances Jones Mr E Newman Ms A Springett Mrs S Whittick Rev. D Wilkinson
Independent Examiner
Gynch Shaw Maurice & Co Chartered Certified Accountants Rear of No 2 SPM House Glenthorne Road Friern Barnet London N11 3HT
Banker
Barclays Bank Plc 1250 High Road Whetstone London N20 0DB
Approved by order of the board of trustees on .............................................. and signed on its behalf by:
........................................................................ Mrs F Philpott - Trustee
Page 4
Independent Examiner's Report to the Trustees of Friern Barnet Educational Trust
Independent examiner's report to the trustees of Friern Barnet Educational Trust
I report to the charity trustees on my examination of the accounts of Friern Barnet Educational Trust (the Trust) for the year ended 31 August 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter 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.
Gyanchand Sunil Mungur Gynch Shaw Maurice & Co Chartered Certified Accountants Rear of No 2 SPM House Glenthorne Road Friern Barnet London N11 3HT
Date: .............................................
Page 5
FRIERN BARNET EDUCATIONAL TRUST
FRIERN BARNET EDUCATIONAL TRUST Receipts & Payments Accounts - Year Ending 31 August 2025
Unrestricted General
| Fund 2025 | Total 2025 | Total 2024 | |
|---|---|---|---|
| Receipts | |||
| Income from Investments | |||
| Halb Client | 21,372.14 | 21,372.14 | 21,990.42 |
| Schroders | 27,709.57 | 27,709.57 | 31,862.34 |
| M&G | 35,641.94 | 35,641.94 | 33,150.83 |
| Other | 97.89 | 97.89 | |
| Total Investments | 84,821.54 | 84,821.54 | 87,003.59 |
| Other Income | |||
| Interest on Deposit Account | 264.26 | 264.26 | 247.94 |
| CAF invesment closure | - | 20,143.04 | |
| Total Other | 264.26 | 264.26 | 20,390.98 |
| TOTAL RECEIPTS | 85,085.80 | 85,085.80 | 107,394.57 |
| Payments | |||
| Grants | |||
| Schools | 74,810.10 | 74,810.10 | 56,359.00 |
| Other Organisations | 8,625.00 | 8,625.00 | 13,906.99 |
| Individuals | 1,330.00 | 1,330.00 | 1,500.00 |
| Total Grants | 84,765.10 | 84,765.10 | 71,765.99 |
| Other Payments | |||
| Bank | - | - | - |
| Ground Rent | 150.00 | 150.00 | 150.00 |
| Administration | - | - | - |
| Total Other | 150.00 | 150.00 | 150.00 |
| TOTAL PAYMENTS | 84,915.10 | 84,915.10 | 71,915.99 |
| EXCESS OF RECEIPTS OVER PAYMENTS | 170.70 | 170.70 | 35,478.58 |
| Transfer between Funds | |||
| Gains (losses) on Investments | 144,812.79 | 144,812.79 | 197,783.56 |
| Total Funds on 1st September | 2,203,677.75 | 2,203,677.75 | 1,970,415.61 |
| Total Funds on 31st August | 2,348,661.24 | 2,348,661.24 | 2,203,677.75 |
There are no Restricted Funds and no Endowment Funds
Page 6
FRIERN BARNET EDUCATIONAL TRUST
FRIERN BARNET EDUCATIONAL TRUST
Statement of Assets and Liabilities - Year ending 31 August 2025
| Unrestricted General | |||
|---|---|---|---|
| Note | Fund 2025 | Total 2025 | Total 2024 |
| Cash Funds | |||
| Barclays Bank Current Account | 151,828.45 | 151,828.45 | 151,922.01 |
| Barclays Bank Deposit Account | 18,596.02 | 18,596.02 | 18,331.76 |
| Total Cash Funds | 170,424.47 | 170,424.47 | 170,253.77 |
| Investment Assets | |||
| Halb Client | 624,669.03 | 624,669.03 | 602,271.67 |
| Schroders | 937,732.61 | 937,732.61 | 840,918.05 |
| M&G | 615,835.13 | 615,835.13 | 590,234.26 |
| Total Investments | 2,178,236.77 | 2,178,236.77 | 2,033,423.98 |
| TOTAL ASSETS | 2,348,661.24 | 2,348,661.24 | 2,203,677.75 |
| Other Assets | 0 | 0 | 0 |
| Liabilities - Schroders | 9,292.15 | 9,292.15 | 0 |
Page 7