THE LEE EDUCATION CHARITY OF WILLIAM HATCLIFFE Registered Charity Number 312801 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
THE LEE EDUCATION CHARITY OF WILLIAM HATCLIFFE CONTENTS Page 1. 2. 3 & 4 Report of the Govemors Independent Examiner's Report statement of Financial Aclivities Balance Sheet 8&9 Notes to the Accounts
THE LEE EDUCATION CHARITY OF WILLtAM HATCLIFFE LEGAL AND ADfiiNISTRATIVE INFQRMATION TRUSTEES Mrs D Brooker Mrs K C Donnelly The R6v'd Manuela Schmucki Mrs W D Kirkman Mr R C Thomas Mr R W B Clough Mr A N Dakshy CLERK Mr P Granger CHARITY NUMBER 312801 PRINCIPAL ADDRESS St Margaret's Visitors Centre 2 Brandram Road Lewisham London SE13 SEA BANKERS CAF Bank limited 25 Kings Hill Avenue Kings Hill Kent ME19 4JQ INDEPENDENT EXAMINER M P H Jones FCA Wallace Crooke Ckiartered Accountants College House St Leonards Close Bridgnorth Shropshire WV16 4EJ
THE LEE EDUCATION CHARITY OF WILLIAM HATCLIFFE REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 MARCH 2025 The Govemors present their report and accounts for the year ended 31 March 2025. The Govemors have adopted the provisions of Accounting and Reporting by Charities: Statemenl 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 2019) Structure, governance and management Governlng Document Although founded in 1622. the Charity is currently governed by an Order of the Charsty Commission dated 17 June 2009 which amended its govemance to permit a wider area of benefit for the application of the Charity's funds and a further SGheme dated 20 October 2023 which further extanded the objects of th8 Charity to enable it to make grants to educational establishments in Lewisham where the grant would be used for the benefit of those in need of financial assistance. There is no need for the charity to engage in fundraising as it derives income from the Estate Charity of William Hatcliffe. The Charity receives 400A of the income derived by the Lee Charity of William Hatcliffe from the William Hatcliffe Estate Charity. The Estate Charity has advised that it expects to be able to maintain its distribution to the Charity at the current level for the foreseeable future. The Govemors are appointed for terms of five years, other than the Rector for the time being of St. Margaret of Antioch. Lee. who is an ex-officio Governor for the period of holding such office. The Governors meet monthly, except in August. Those who served during the year were: The Reverend Manuela Schmucki (appointed 16110124) Mrs. D Brooker Mrs. W D Kirkman Mrs. K C Donnelly Mr. RWB Clough Mr. RC Thomas Mr. A N Dakshy Under the direction of the Trustees. the Charity engages independent consultants to provide administrative services, promote the charity, and liaise with prospective and successful grant applicants. The charity embraces all aspects of the Equality Act 2010. Objects and activltles The Charity is grant-making wth the objective of promoting the education (including social and physical training) of persons resident in or in the neighbourhood of the London Borough of Lewisham and who. in the opinion of the Governors, are in need of financial assistance. The Governors have the power to make grants to educational establishments located in the London Borough of Lewisham and to make grants to organisation5 which promote the education (including social and physical training) of children or young people in the London Borough of Lewisham. where the application of the grants will be for the benefit of those in need of financial assistance.
THE LEE EDUCATION CHARITY OF WILLIAM HATCLIFFE REPORT OF THE GOVERNORS {continued) FOR THE YEAR ENDED 31 MARCH 2025 The Govemors confirm that they have given careful consideration to the Charity Commission's general guidance on public benefit when reviewing objectives and planning actNities Public benerrt statement The governors confirm that they comply with their duty to have due regard to the Charity Commission's public benefit guidanc&. The Lee Education Charity of William Hat¢liffe tsrgets funding for the relief of poverty and to tsckle social and health inequalities. It makes grants lo support the work of charities and community groups that work with people affected by economic disadvantage and for individuals who are in need. hardship, or distress. The charity awards grants based on published criteria and through a thoughfful and fair assessment of the needs and aspirations of the applicants. A monitoring process ensures that public benefit is derived from each grant award. Rlsk management The Govemors have assessed the major risks to which the charity is exposed and are satisfied that the systems are in place to mitigate exposure to the major risks. Intemal financial risks are minimised by the implementation of procedures for the authorisation of all transactions. The Govemors have agreed it prudent to temper the Charivs level of grants awarded so that reserves are maintained at a minimum level of £30,000 as a safeguard against possible future eventualities. Achievements and performance Processes and systems We have continued to strengthen our processes and procedures to ensure the charity operaies efficiently and is well equipped to support people experiencing genuine poverty. Our Salesforce CRM database has been enhanced with new filters to more clearly track and categorise the status of each applicat1orfrOM initial submission through to grant completion-and to generate more detailed statistical insights. This nelps minimise delays in processing applications and ensures that people in povety re1ve support as quickly as possible. Grants guidelines We have revised our grant guidelines on the website to provide clearer. more accessible infomiation about available funding and the application process. These improvements help ensure applicants fully understand the opportunities. the eligibility Criteria. grant Gonditions and the steps involved before starting their online application. Pupil Premium funding The Trustees allocated £60.000 for the academic year 2024125, distributed to ten schools on the condition that all funds are ring-fenced for Pupil Premium pupils and applied specifically to enrichment and extra-curricular activities. This targeted investment plays a vital role in addressing educational disadvantage, expanding opportunities. and enabling children from lower-income families to reach their full potential.
THE LEE EDUCATION CHARITY OF WILLIAM HATCLIFFE REPORT OF THE GOVERNORS (continued) FOR THE YEAR ENDED 31 MARCH 2025 Grant applications The Trustees meet monthly to consider grant applications and to manage the Charitys business. They also occasionally Consider urgent grant applications arising between thè meetings. Grant Applications are also invited from all registered charities in the London Borough of Lewisham engaged in the relief of need for grants to assist in any aspects of their work. The charity continues to support a range of youth organisations across the borough. which, together with several schools. make individual referrals to us Across our priority areas. the charity has supported groups and individuals from a wide range of applicants and initiatives, such as. Schools- Pupil Premium support Schools - residentials and outings Provision of school uniforms for disadvantaged pupils Laptops for young refugees and asylum seekers Performing arts activities for young children ESOL (English for Speakers of Other Languages) classes for refugees and asylum seekers Art workshops for children and young people Actsvities and skills enrichment programmes for teenagers Outdoor activities for scouts Theatre workshops for young people Empowerment workshops for teenage girls Supplementary education for refugee and asylum-seeker children During the year: Grants totalling £32,796 (2024- £43,067) were awarded to 9 (2024 -9) organisations. Of these grants £1,215 was made to the Sheriffs and Recorders Fund towards supporting the vocational training of 3 ex-offenders. Grants totslling £75,930 {2024 - £60.590) were awarded to 17 schools (2024 - 16) to give young students the opportunity to leam an instrument. attend a club. participate in school residential trips. etc. Meeting a wide range of educational needs. grants totalling £7,770 (2024 - £20.825) were awarded to 18 individuals (2024 - 61), including 6 young student refugees in need of laptops for their studies. Financial Review Reserves Policy The Charity is entitled to 40% of the income which the Lee Charity of William Hatcliffe receives from the William Hatcliffe Estate Charity. It has been confirmed that the Estate Charity of William Hatcliffe has approved a distribution of £150.000 during the financial year 2025-26. of which £60.000 will be passed on to The Lee education Charity of William Hatcliffe. It is the policy of the Governors that unrestricted funds that have not been designated for specific use should be maintained at a level which will ensure that, in the event of a significant drop in income.
THE LEE EDUCATION CHARITY OF WILLIAM HATCLIFFE REPORT OF THE GOVERNORS (continued) FOR THE YEAR ENDED 31 MARCH 2025 they will be able to continue the charity's current activities for a period of at least one year while onsideration is given to ways in whiGh additional funds may be raised. As of 31 March 2025. the free reserves held are £272,805 (2024: £331.585). All the Charity's fvnds are unrestricted and held for the furtheran of its objectives. As the economic downtum and adverse cost of living climate continue to cause financial hardship for many people, the Trustees will endeavour to meet the challenge by regulating the total amount awarded to successful applicants and to help as many suitable applicants as possible in some way but control the oufflow of funds from reserves. On behalf of the Board of Govemors Governor Date: 15th October 2025
INDEPENDENT EXAMINER'S REPORT TO THE GOVERNORS OF THE LEE EDUCATION CHARI"rY OF WILLIAM HATCLIFFE I report on accounts of the charlty for the year ended 31st March 2025. which are attached. Respective responsibilities of Governors and Examiner As the Charity's Govemors you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the Charites Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 145(5)(b) of the Act, whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a Gornparison of the accounts presented with those records. It also includes Gonsideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and. consequently I do not express an audit opinion on the view given in the accounts. Independent Examiner's Statement In connection with my examination, no matter has to Come to my attention (a) Which gives me reasonable cause to believe that in any material respect the requirements: To keep accounting records in accordan with Section 130 of the 2011 Act. To prepare accounts which accord with the accounting records and to comply with the accounting requirements under the 2011 charities act have not been met- or (b) To which. in my opinion, attention should be drawn in order to enab18 a proper understanding of the accounts to be reaGhed. MPHJO Wallace Chartered Accountants College House st Leonards Close Bridgnorth Shropshire WV16 4EJ FCA Date: 151h October 2025
THE LEE EDUCATION CHARITY OF WILLIAM HATCLIFFE STATEMENT Or FINANCIAL ACTIVITICS FOR THE YEAR ENDED 31 MARCH 2025 2025 Unrestricted Funds 2024 Unrestricted Funds Incomlng Resources Income from the Estate Charity of WiS1iam Hat¢liffe under Charity Commission Scheme dated 2010612005 other Income 60,000 60,000 5.244 7.200 Gross Interest on Deposit Accounts 6.802 Total Incoming Resources 72.444 Resources Expended Charitable Expenditure: Educational Grants Consultant's Costs Administration Expenses Examinerfs Fee 116,269 7.244 1.583 124.482 6.940 6,998 474 Total Resources Expended 125,582 138,894 Net Incoming Resources (58,780) (66.450) Funds Balance at 1 April 2024 331.585 398,035 Funds Balance at 31 March 2025 272.805 331,585 The notes on page 8 & 9 form part of these aGGounts
THE LEE EDUCATION CHARITY OF WILLIAM HATCLIFFE BALAhlCE SHEEI" FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes CURRENT ASSETS CAF Cash Account 2,929 270.367 273.296 19.502 319.583 339,085 CAF Gold Account CREDrroRS Amounts falling due within one year 491 7,500 TOTAL ASSETS LESS CURRENT LIABILITIES 272.805 331,585 FUNDS Unrestricted Funds 272,805 331,585 272,805 331.585 The notes on page 8 & 9 form part of these accounts The accounts were approved by the Governors on 151h October 2025 Philippe Granger Mr P Granger- Clerk Govemor
THE LEE EDUCATION CHARITY OF WILLIAM HATCLIFFE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. Accounting Policles 1.1 Basis of preparation The financial statements of the charity. which is a public benefrt entity under FRS102, have been prepared in accordan with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of recommended pradice 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 2019).. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 1.2 Incoming resources All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. Income from The Lee Charity of William Hatcliffe is recognised on an accruals basis when the entitlement to such income arises and interest when credited lo the deposit account. 1.3 Resources expended Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to Ihe category. Where costs cannot be directly attributed to particular headings they have all been allocated to activities on a basis consistent with the use of resources. 1.4 Taxation The charity is exempt from tsx on its charitable activities. 1.5 Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the govemors. Designated funds are amounts which have been set aside at the discretion of the Govemors for a specific, but not legally binding, purpose. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specifi8d by the donor or when funds are raised for particular rèstricted purposes. 2. Governors Remuneratlon and Beneflts Nono of the Govemors (or any person or organisation connected with them). rec8ived remuneration or any other benefits for the year ended 31 March 2025. nor for the year ended 31 March 2024.
THE EDUCATION LEE CHARITY OF WILLIAM HATCLIFFE NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 3. Creditors: Amounts falling due within one year 2025 2024 Balances of Grants Awarded Bank Charges Examiner's Fee 7.021 486 474 491 7.500 4. Movement in Funds 2025 2024 Unrestricted Funds Opening Balance Incoming Resources Resources Expended 331.585 66.802 {125,582} 398.035 72.444 (138,894) Closing Balance 272.805 331.585 Total Funds 272.805 331.585