2021-06-30-accounts

ts Educational Trust KNIGHTRIDER HOUSE 2 KN1GHTRtDLR COURT LONDON EC4V SAR FORTY- SECOND ANNUAL REPORT AND ACCOUNTS YEAR ENDED 30" JUNE 2021 RF.CISTEKKD C'HAIiITY NU￿[B￿R.. 312934

ALL SAINTS EDUCA'I'IONAL TRUST FORTY-SECOND ANNUAL REPORT YEAR fiNDF.D 30 JUNE 2021 The Predecessor Institution5 The Trustee The prehistory of the Trust begins witli the foundalioii of two Middlesex educational institutions in the late nineteenth centiiry. St Katharine's Collese Tottenham was founded in 1878 on the initiative of the Society Eor Proinoling Christian Knowledge (SPCK),. Berridse I lou.se Hampstead in 1893 on the initl¢ltive ol what IS Ilow Iled the National Society (Church of England) for Pronioting Religious EdLtcatioii. In 1964 the.qe. instilutionq meiged to create tlie Colle8e of All Saints. This closed in 1978, some staff aEid stiidents ti'ansferriiig to constituent institutions of the Middlesex Polytechnic, whose function lias since pa55ed to Middlesex University. Polytecknic operated on otlier sitcs, liowever, making the premises of St l<atliariiie's College and Berridse HoLise surplLlS to its requirements. It became appropriate lo offer theni for Sil le aiid to .£eek cy-près application of the sale proceeds and othei charity assets. llie College of All Saiiits Foundation is a charitable company limited by guarantee. It was incoiporated in 1964 to suppoi't the work of the merged College formed in that year. Its Meinoranduin of Association permitted it to accept property held on specific ITUSt5 and to administer them accoi'diiig to those trusts. The Foundation 15 governed by the CoLuiciI (If Management {colloqui<2lly i'efei'led to as the Board). Reflecting the oi'i8ins of the College's predecessor institutÉons, four members of the Board are appointed by the SPCK and the Nationalsociety. Other membeys are appointed by bodies represenlllig the College's past studeii¢s aiid the London atid Clielmsford dioceses. The Foundcition's Articles (most receiitly ameiided in 2J19-2020) allow Ilie Boi1rd to co-opt additional membei's, and empower the Bishop OE Londoii to appoint a Cliaii'man. The Trust and its governing Scheme A ￿heme made by the Charity Commissioners on 5th February 1979 provided for the charity assets to be administei'ed as a siiigle charity undei the title All Saints Educational Trust. The 1979 Scheme (amcnded in 1995 as re8ards investment powers) remains tlie soverning insti'uinent OE the charity. Instead of operiiting Éi collese, the charity now manages <ind applies assets representing tlie pi'oceed5 of the sales of Eoi-lner college pi'emises and other Eunds iitherited from its Predecessors. Althougli these assets have oceasioiially been augmented by gifts c1nd legacies, it does not raise Eunds from the public. The Scheme appointed the Foundation to be the charity trustee. Under the Scheme, net cliarity incoine is to be applied in the advancement of higlier or fui'thei. education or both. In applying income, the Trustee is to 'act in such a manner as will advance education in accoi'dance with the doctlines, l'ites and practices OE tlie Chui'ch of England OL of a church iii commiinion with it,. It is to have regard to the needs OE ￿ainee teachei's, particularly those at what is now Middlesex Univei'sity, and to the advancemcnl of education in etlinically diverse areas. The Scheme idenlifies ceitain ways in which the Trust incoine may be usod to advance Euither oi highei. Lducation,. but this may also be achieved 'in such othor

ALL SAINTS EI DUCATIONAL TRUST riORTY-SEICOND ANNUAL Rlr PORT YEAR EINDEI D 30 JUNE 2021 ways as the Ti'ustee may from tiine to time deteL'mino'. The enumei'ated ways (somewhat abbreviated) ￿e.. (a) making grants enabling actual or potential education staff to pursue courses of studyi (b) otherwise pi'oinotiiig their educatloll 1( lid trainiii& {c) promoting research in, and development of, education, particularly in home economics aiid religious subjects,. (d) providing teaching, clas.8es, lectures, books, libi'aries and other resources,. and (e) providing aiid conductin8 a chaplaincy for students and staff of the Middlesex Polytecluiic (or assisting therein). (At present, however, Middlesex Univei%ity policy is to miike no i'eligious provision undei. the university's auspices.) The Board and its Committees The Foui)dation acts as TTU8tee through its Management Committoc ('the BoaTd'l whose members during the accoiinting year, with the basis and terin of Ilieir appointment aiid the Committees on which they serve, were as follows.. Noininated Directors The Fouiidation elects, iii General Meetiiis, Directors noiniiialed iii accordance with its Articles of Association. Tlie longest-serving one-third of the nominated Directors retire by rotation at the eiid of each Annual General Meetin8, but are eligible for re-noiniiiation. Name Noininating body Date of AGM when last elected 2018 Collimittee Ms Dorothy Garland Society for the Propagation of Ckn.istian l(nowled Society for the Propagatioii of Christian Knowled Bishop's Council of the Diocese of London NatÈonal &icie Nation<il Societ The Bishop of London Awai.db Allan Kanu 2018 F&GI) Prof Anthony R l£eds MB BS Msc CBiol FIBiol RNutr Derel< Hollowa Ed Michael C Jacob BSC MA PGCE Tlie Revd Caiion Dr Keitl) G Riglin" BEd MTh MA ThD FRSA Nli's Ann E Cutnbers CerlEd 2018 Awards 2019 201() 2019 Awards Awards F&CP Awards ** A.%sociation of Past Membeis ChelnTrsford Diocesan Board of Education Association of Past Members 2020 *** Awai'ds llie Revd Tim Elbourne 2020 Awards Mrs Frances M Smitli CertEd 2020 Awards * from l May 2021, the Rt Revd Dr Keith G Rislin tlie Dircctor noininated by the Bisliop of London is autoinatically Cliaii'man of the Board Miss Cuinbei's resigned as a Dii'eetor on l Api'il 2021

AI,L SAINTS CI DUCATIONAL TRUST FORTY-S[IC()ND ANNUAI, RFPORT YEAR F.NDED 30",IUNE 2021 Co-opted Director5 The Boai'd may co-opt additional Directors of tlie Foundation for any term up to thi'ee years. One co-opted Director must be a scholar foi'LnerIy supported by a grant fi'om the TTU5t. Co-options take effect at the close of the tneeting at which they are decidcd aiid expire at the close OE the correspondiiig meeting in the first, second or third year tliereaEter, as the Board Inay decide. Any co-option n￿Y be renewed. Name Date of Board Meeting when last co-o ted Ms Diline Mccrea MSC IIFd 2018 FRSH David J Tiillo, BA FCA t Stephen M Bi'ookeT MA FCA Mr8 Louise Davies tt Mi'.8 Bai.bai'a E, HaThTey M Term for which co-o ted 3 years Committee Awards 2018 2019 ears r,&cp¥ F&GP 3 years 2019 Awards F&GP Awai.ds ¥ F&GP 3 years Dr C C Augur Pearce LL MA FIID M.£ Steplianie J Valentine MA DipEd FRSA 2019 3 years 2019 3 yeais Awards t Mr Trillo is Vice-ChairnTran of the Board tt Mys Davies is the co-opted former scholai. ¥ Coniniittee Cliair Since 2006 the Board liic s appointed two Coi]Imiltees, every membei serving on at least oiie. The Financc & General Puiposes Committee noi'mally i]ieets in Octobei and in March or Apiil. Aided by an Investments Management Groupi It secures the deliV￿Y of Trust policy objectives by ensuring adequate resources, boili financial and humcin, are in place to meet them. It appoints the Trust's professional iiivestinent managers, from wliom it receives 8Liidance on the expected annual disposclble income. It tlien 5et5 financial Pic rameters withiii wliich the Awards Comniittee worl<s. The Awards ComLnittee ensui'es that applications for awards from Trust funds are propLJrly scrutinised. It meets annually in April or May and makes award Tecommendations, tIIou8h 8 sub-group may convene 170C to scrutinise individual applications that demand attention 'out of sequence, when the Trust's financial 51tuation permits. In Apri12020 the Boai'd made a Resolution authoTl5ing its Committees to meet remotely ratlier than in person, This was inspired by the restrictioii oli physical meetiiigs due to the coronavirus pandemic, bul the Regulatioii is permaiient and will lic St beyond the duriltion of Ineeting restrictions. At the same tiine, siiice tlie Board could not Ii Uthoi'ise itself to ineet remotely, it esLiblished ali Emergency Conumittee to which it delL)galed all its own powei's so Ions as meeting restrictions exist. The Emersency Committee has the same membership as the Board, but benefits fvom tlie Regulation allowing Committees to meet remotely. Since Aprtl

ALL SAINTS f4.DIJC.'A'I'IONAL TRUST IORTY-sr.CONI) ANNUAL REPORT YEAR fiNDF,I) 30",IUNF, 2021 2020 the Einei'gency Cominillee has done the work of the Board, and all Coinmittees have takeii place using online meeting software. The Board (or tlie Emergency Cominittee in its place) Ineets twice a year. In November (when the compaiiy Annual General Meeting of the Foundation is Iso held) it rLreives a report from the Fini1nce aiid General Purposes C.ommittee, considers aiid appyoves the draft Annual Report and Accounts of the Trust for the finaiicial year endiLig the previous Julie, and appoints auditors for the next Einc1ncial yeai. Iii Julie the BoarLI I'eceives repor15 Éi'om botli Committees, review.s the Ti'ust's activities and finances in the cuii'ent year, sets policy objectives foi. tlie ensuing year and beyond, and coiisiders awaid i'ecomimendations Eor ondorsemenl. On appoilllment each new member of the Board is supplied with a copy of the Foundation's conbtilutioii, tlie goveriiins Scheine and the most recent Report and Accounts, and directed to relevant Charity Commission publications for trustees. Inductioii, usually in the form of a meetiiig with tlie Chairman or the Clerk, is tailored lo tlie individual niomber (taking iLIto account the experience Iiiid existing experlisL which may have suited hirn or her for appointment in the first place). Opportunities (or on-going 'trainin¥ are taken at intervals, sometimes with the help of the Trust's professional advisers. Trust policy and practice in the management of assets and application of income In suppoi'tiiig tertiai'y oducation finaiicially out of Trust income, the FoLindation as Trustee believes itself to be Carrying on the woi'k of the predecessor institutions. The emphasis of its srant-making policy is therefore oli the teaching of religious subjects (a particular eoncern of St Katharine's College) (￿Id oli doinLslic ￿le1)ce Itlie inain focus of Berridge House, also known as home economics and now includiii8 nutrition, dietetlC8, food technolo8y and £ispects of public health). Individual grants are normally made to tliose eitlier aspiring to teach those subjects at primary or second￿'Y level, or to teach othei's to do so. The accounts and review of activÈties which follow indicate in more detail how this policy is implemented. I'he 'l'rust assets are thei'efore managed in such a way as lo maximise (so far as prudence will allow) tlie sum available for distribution in corporate and individual awai'ds each yeai. CurLenl inveslnient, Einancial, accouiiting and iisk management policies also appear in the pages that follow. Having decided, because of the coi'onavirus pandemic, not to make new awards in 2020-21, the Foundation was pleased to resuine inviting applications for awards to cover the accounting year 2021-22. More detail is siveii in the Review of Activities (section E of this Report}. The Trust staff, consultants and patron The Foundation appoints a COLnpany secretary, who acts as Cleil< to the Fouiidation in its Ti'ustee role. Mr K.D. Mitchell B.A. Solicitor - serves iii this capacity,. Mrs Stella Sardine iio loiiger worlcs for the Ti'ust and the SAGE accouiitilig entries and day-to-day boolckeeping is now cai'ried oiit by Accouiitability Europe Lid. This has been Cil ri'led out remotely si)Ice Mil rch 2020. The Trust does not png£l8e in active fundraisiiig and no complaiiits in relatioii to fundraising activities have been receivcd during tlie i'eporting period.

ALL SAINTS 14 DUCA"fioNAL'I"RUSI' FORTY-&iECOND ATrJNUAL RLI l>OII'I' YF.AR ENDED JO IUNC 2021 orrice: Kniglitridei- House 2 ￿lIghtr1der Couit Loiidon EC4V SAR Telepl)01)e'. E-lnail.. Web sile.. 020 7248 8380 aset(&aset.org.uk www.asct.ur . BAiikers: CAF (Charitles Ald fi oundation) Bank Ltd 25 ICin¥g 1 lill Aveiiue Kii)gs Hill Wesi Malliiig Kenl ME19 4JQ Solicitoi's: Bii'ketts Pi'ovidenee House 141-145 Pi'inces Sti-eet Ipswich urrolk Ipl IQJ Ji)vestment ers: UBS AG 5 Bioadgate London EC2M 2AN Inde endent Auditor: Moore Kingston Smith LLP Devoiisliire House 60 Goswell Road London ECIM 7AD Pi. er Maiia John Arl£wright & Co 11.5 Mount Street London WIKJNQ ents: Bookkee ers Accouiitability Ei urope Limited 39-41 Nortli Road Londoii, N7 9DP

ALI, SAIN'I'S EDUCATIONAL I'RUST roRI'Y-SF.C.OND ANIYUAL REI'OIIT YEAII F.NDF.D 30 IUNE 2021 A THE BOARD'S POI.IC.JES AND STATEMEN'f OF TRUSTEf. REr Sl)ONSIBILITIEI S The Boai'd niaintains agi'ccd policies on Investment Sti'ategy, Risk Mai)agement, R¢sei'ves and Grant-making and Accounling. Ac¢oi'dingly, tl)e following statement was agi'eed at the meeting of tlie Tn]st lield on 19 June 2002, liaving been toi'inulated pi'eviously by Ilie Il)en Investinent Committee {now tlie Invcstinenl8 Monitoi'ing Gi'oiip} and the Finaiice and Gcneral Purp()8es Coinmittee. It wa% re-ilci'aled at an Additii)iial Meetiiig of the Investsneiil Sub-cominillee held on 29 May 2003, followii)g the coiisolidation of d)e investment poitfolio. The policy ¢oi)tained in Il)e statement is i'cview¢d on a i'olling basis io ensui'e its contiiiuing rclcvance. Ob cctive.) The Enveslinenl nbjeclives al'e lo.. Miiinioin Ilie FLCII vulue oj'ilie 7i'iisl's inve.Ylpiient d.f.sels ivlille &eekiiig. wliliiii the i'isl( poiaipiekep-.F sei by ihe li-11.¥tee&. opporliiKilidffc)I' Loiisidei ali017 ¥viih a VEew Ln iPiLI'easiitg ihe i'eal valiie ofihe as.fet.Y Iiici'ea.Ee Ilie level& oj'ineoiiie rtitd Lupiliil available lo ijie Ti'ii.fÉ, aiidpiovide a total i'eliii'n and level of [￿L0117￿ siilTicieiil lofuiid ilie levels ofaL"peJ7dilui'e appp-oiieil by Éhe 71'uslee JFive.%liiieiit Policies In i)Iii'.iÈiiiix iliese objec111￿e5 ilie.fDlloii)iiigpolieieA ui'e u})plied.. The i)(Ji'l]ulio Iituji iiicltide a 121'npop'IE012 iJJ]È.reil i}IlL)i'e.Yl aiid caFivei'lible seciii'ilie.¥ Èo pi'uiiiile .Yecui'ilJp of iiicoiiie and capitol Uiidi.8È1'ibiiled iiicoiiie 117 any J)g[ii' LciFi be i￿[£￿e aiidjl{Il)lefoi' Ilisli'ibuli017 iii.fuh.¥eqÉient )peciis, .¥iibjeL'I lo Ilpe oiieiall iiiaiiileF71InLe oj'ihe I'eal Ipcilue nf tliepoi'lfolio Fiiipcls slioiild be iiivesled in pF'uiiFdÈ dii oi)liiiiiiiii level of ovei-all I'elurii CoiJ7FiieFisiii ute willi ilie IL)yLJI oj'i'isk agi'eed Iviih ihc Ti'u.fÈs iKvesliiieKt ntlliiagtJi' l)y ihe liivestiiieiils McJiiilc)I'iiig GIoLIp (IMG) Tlie Èpiveslipienl Iiiaiiager will fp ÈÉ lo invest Iii Iii.Y nwii di.fCI'eliopi, siibjecl In etliiL'dl coiisliainls aiid aiiy oihei. guidance]ioiJi iltg IAIG The Ti'iisl M'ill noi hold iiiiieslpiiÈnls Flilui'es oi. OplioFI Lonli'acls oi. si117ilaF' 111.fÉi'uiKe171s. Piucediires Tliefollc)Tri?iiig pi'ocediii'e$ 171'efollo¥iye Tlie Ti'ii31 will iippoiiil uii IMG uJcii leasi ihi'ee Ineipiher.f. The IMG yiiill nieel Iiiiih ilie inve.sliJieiil Ipinpillgei. cli leiis'l liiiice eacli yeai. lo p-ei?iew ilie n'ii.¥l'.f poi'ifolio.f, and eii.siii.e uii udequate.Ipi-ead ofi'is'k aiid ali appi'opi'ic71e hnluikce of eqiiily apjdfi.yed iiilei'esl i￿11e.￿l￿leI1Ll Tlie IMG yijill eiisiii'e ihat ihe iiii?e.FtpiiepiÉ ipiopiiigTreF' lias a copy ofilii.f pnlELy (End a cleai. wi'ilÈeii sluleiiieiil of ilie lei)el f!/'i'itsk copisidei'ed 17LLeplciblefoi' Iheii'poi'lfolio Be17cAmiii'ks ¥vill be e.Itablished by ilie IMG iu epiiible FiioiIEloi'iiig o]poiifolio peijoi'niaiice in i'eliilioii lo inarkel cnii(liliunJ 71te IMG Iiijll I'eceive Fvi'illen qiiai-lerly i-epnrls Ji'oni Élle iiiveslnient iiiaiiagÉi- oit ilie coi￿p0.811I￿1l ciiiÉlpi'ogi'ess of the Ti'usl's /iiiid6' The IMG Mpill repoi I lo iliv fiiiuiice aiiil GeneF'cÉI Pliiposes Coiiiiiiitlee at leuJl twice d yeai., willi tlllLiles o]'its nieelings cli culuied tr) till Dii'eLtois'

ALL.SAIN'I'S EI DUCATIONAI.'riiiis'i' ,'OR'I'Y-SLI COND ANNUAI. RP.I)OR'r YEIAR EINDEID 30 JUP4r. 2021 Reiiiiiiierulioii Polic Rcmuneralion ib reviewed annually by the Finance & Genei'al Putposes Cominitlce. The govei'ning pi"inciples uf tlie Ti'ust's i'cinunei"ation pL)licy ai'c as follows.. To ¢i)siii'e dclivcry of die Ti'usl's obj¢ctives To altract and I'elain a motivated woi'l<foi'cc with thc skills ai)d exi)ei'tisc ncccssaiy for oi'ganisational effectivcncss Tliat i'cmuneratioii qholild be cqiiitablc and LoI)¢renl To takc iiito account tlie i)ui'poses, aims and valiies of tl)e Ti'ust To ensui'c tliat pay Icvels and pay increases are appi'opi'iatc giv¢n tlie pi'imacy of oui. cliai'itdble gi'ant-lnakiiig Risk iiiaii eiiieiil The Trustee gives considei'ation to tl)e inajoi. i'isks lo whicli the Tn]st is exposed, and belicves tlial Systciiis al'e in place that will mitigate Ihosc risks, ds f()11()ws.' RISK PO.SSIBLE IMPACT MEASURES TO MINIMISE IUSK l. lttvesiinent failings Insufficiciil money to siippoi-t ¢illnS Close I'egular contact with Jnveqlinent Mdlldgei.. Quarterly Vdluation i'eports, Siipervision by expei'ienccd Inv¢slincnts Monitoriiig Gi'oup. 2. Inadequate govei'iiance, leading to i'eputdtional datnage Failui'e to l)otiouI' and support the aiins of thc Cli¢ll'lty by, foi. cxample, dutlioi'ising awai'ds outside the tei'ms of I'cfei'ence and Objects of tl)e cl)arity' or by not L4king adequate skps to confirin Ilie iirobity and eligibility of a potential awardec, whetlici. individual oi. coi'poi'atc. Expei't noininaled or Co-opted Ineinbcis. Regular Ineetings, all fully Ininuted. Publislied Annual Reporl. 3. Coinpctcnce and inlegi'ily ofTrust ei))ployees Fi'audulent uselmisuse uf Inoney. IThsLiffieient attention to needs of potential bcneficiaries. Reguldi. I'epDI'ting to Coimnittees dnd Lo full Boai'd nieetings. Doublc signattire of cheqiics to a valiie above an agi'eed level. Exleinal Auditoi's. Accounts and Reeords opeii to inspcclion at all iiiiies. One Ineinbei. of Il)¢ Boai'd appoillted as Hon Ti'casiiier, with a bi'ief to Lariy out re Fular detailed Int￿.nal audits of

ALL SAIN'I'S LDUCA'I'IONAL TRUST 'ORI'V-SV.CONII ANNUAL IITr.I)OIII' YEAR ENDED 30 JUNE 2021 offJ¢e pi'oLediires an(16¢¢11rity conti'ols. 4. Sudden loss of recoi-ds oi. pct'sorllicl Disi'uplion of pi'oeeduies, iiitei'ruption ()f¢haritable activity. Esseiitial recoi'ds are oli computer liard disk. Aiitomatcd baelc- up equipment hds iiow l)een piii'cl)ased witl) a fiill up-grade of the Ti'usl's computer sysi¢in. Soine overlaps in personal skills and systems awai'eness. S. Loss of inveslmenl pi'opcrty Disi'uptioi) nf pi'ocedures, loss of office and intei'i'iiption to dctivities. Insui'ance covei. in pldce with Ecclesiastical aiid witli Aviva Insiii'ance UK. Risk Inanageiiient policies and procedures are reviewed aniiudlly by thc Finalice and Gcncral PuLT>oses Cominittee, i-epoi'tiiig to tlie Bodi'd. Board iiieiiibeis c()iiiplete a register of interests and are required to sliow if thei'e is aiiy coiitlict of intei'est. Tliis is reviewed aiiiiually. Reseriie3 The Tiust's commitments are pi'ovided in full in Ilie tinan¢ial stalemenL% and Ihei'etore do not eonstitutc pai't of the i'eserves. The Tii]8t'8 poliey 1.% to maintaiii fl'ee i'eserves at an aiii()unt equivaleiii to six Lnonth's operating expenditut'e togethei. witli an amoiiiit of £50,000 to allow lor unexiiecled variations iii ÉiivestLneiit incoine oi. cinci'gciicy grant assistance. This equcltes to appi'oxiinalely £125,000. Ai the balance sheet dalc, fi'ce i'cscivcs WCTC i'cprcscntcd by thc Tiust's u]]rcstrictcd fuiids which amouiitcd to £1,070,162. oli The object of the Trust is to advance higher oi. further education oi. both in one oi. mol'e of the i'elevant ways tl)at al'e listed on page 2 of this repoi't. Withiii tliese presci'ibing pai'ameters, die Board has total discretion. Tlie Directoi's al'e aiv<ire of Ilie iinpoi'lance ot. the Tiusl's foundiiig principles and genesis.. its avowedly Chi'i5tiaii antccedeiils aiid tlic sourcc of its fillancial foundation (outlllied above). Sialeiiieitt Tpustee Res oiisibiliiies The Ti'LlStee, acting by tl)e Board is respoiisible foi. prepdl'ing the Annual Report and the financial stateinents in accordance with applicable law diid United Kingdotn Accoiintiiig StJiidai'ds (Unitcd Kingdoin Generdlly AcLepted Accuunting Practice) includiiig FRS102 'Tlie Financial Rcpoiting Standai'd applicable in tlie UK and Rcpiiblic of Ireland,. The law api)Iic2ble to Charities in Englaiid & Wales requii'e8 tl)e trustee to prepare financial slalemcnts foi. each financial year whicli give a Irue 8nd faii. view of the 818te of Il)e affairs of tlie ¢l)ai'ily aiid of the incomiiig i'esoui'ces and api)licatioi) of ie.8o111'ces of the chai'ity for that L)ei'iod. In prepai'ingk these financial stateiiients, the Ti'ustee is iequired to=

ALL SAINTS E4 DUCATIONAL TRUST riORTY-SEICOND ANNUAI. Rlt PORT YEIAR EINDED 30 JUNE 2021 sclcct 8Uitabl¢ acLouiitin¥ policies dnd tlien apply tliein consistcntly. obsei'vc Ihe Ineihods and i)I'inciplcs in tlic Chai'ities SORP; make jiidgements aiid estimates that are I'¢asuiiabl¢ aiid prudei)t- state wliellier <ipplicable 8¢Lounting standai'ds, inLliiding FRS 102,114vc bc¢n fo)Ilowed, subject lu any iiiatci'ial dcpai'tui'cs disclosed and cxplaincd in the financial qtalenients. pi'eparc the financial slatcnicnts on tlie going concei'n basis unless il is inappi'opi-iatc to pi'esume tl)at the ¢li¢ll-ity will conliniie in opci'ation. The Tiuslee is i'e.%poiisible for keci)ing' pi'op¢r accouiiliiig I'ec()I'd% tliat digclo%e wilh I'e&soiiablc accui'dcy t any tliiie the fiiiaiicial position of the cliai'ity and enable Il)ei)i io ei)qui'e that ihe financial qtatemei)rs comply witi) the Charities Act 2011, the Cliai'ity (Accouiiis and Repoi'tsl Regulatioiis 2008 2nd the pi'ovisions of the charity's goveiming instsuincnt. Tlic Trustee is also responsible for safegiiai'ding tlic asscts of thc chai'ity alld hciicc foi. taking rcasonablc stcps foi. the pi'cvcntion and dclcclioii of fi'aud aiid oihei. ii'regulai'ities. The impact of COVID-19 has been Considered on the chai'ity's futUlE plans and budgcling pi'ocesscs and the effect of the outbi'eak will represent a risk inlo the year cnd and beyond. Tl)e cffcet of Ihis year's financial stateinents has been considered in note in this i'eport- post balance 81)eet events of the financial stateineiits. A budget iepresentll)LTr the effect on the Tiust's incoine streains has been prepared aiid I'evised. B filNANCIAL PUSITION The total gross value of tlie Ti￿St'S investment portfolio as at 30 Jiine 2021 was £16,026,616 and the value of tl)e investment propei'ty was £3,600.000. Foi. the yeai. ended 30 Jiine 2021 the inve,qtment income generated froin the l i'usl's total investments {includiiig ilie ii)vestineiit proi)erty} was £C)63,794. Coiisidei'iiig all tl)e I'elevdnt infoi'indtion available to it dt tl)e time iii Mai'cli 2021, principally dn estill￿te of invcstii)cnt ineoiiie uffei'cd by Ihc Ti'iibt's invcslincnt Inanagei's, UBS, the Tnistee Was ailviscd that the InaxiniLim aiiiount of nioney available for eharitable expenditure in 2001-2022, in¢ludii)g foiwai'd commitments foi. Coi'poi'ate Awai'ds and individual awai.ds togeihei. with adininisti'ation and 'goveinance' costs, sliould not exceed £600,000 being the eqtimated income wliich tlie Ti'uqt woiild I'eceive in 2020-2021 (net of loan inlei'eqt and management tees). C MLMIIF.RSHIP CHANGES MIE Anna Cuinbers, i'epi'esenting the Association ot Past Membe13, I'esigned as a Director on I . Api'il 2021. D KNIGHTRIDEI R HOUSE Knigl)ti'idei' House, 2 Icnighti'ider Couit EC4V SAR was pui'Lhased on 30 July 2012 for £2.2 million and was i'efurbi81)ed in 2014115 at a cost of a fui'ther £ I mn. The eLiri"ent market valiie is esliniated lo be in the l-egion of £3,600,000 28 advised by John Ai'kwi'ight & Sons, based on a desktop valuation exercise pei'foi'iiied on 24 August 2021.

ALL SAIIYTS EDUCA'I'IONAL I'IIUST FORTY_SF.COND ANNUAL RLPOR'r YEAR ENDED 30 JUNE 2021 K])iglits'idcr House was purcliascd as ali iiivestinciit pi'opcrly iii oi'dcr to divcrsify the portfolio and provide additional soui'¢es of incoine and capital growtli. Following the I'efurbighnient Mangio Liinited entered into a Lease with tlie Tiwst on 24 Novembei. 2014 foi. pa2t of thc gi'ound flooi. and bdseiiienl. Ai'iiistiung ExeLutive SeaiLh Liiiiited eiitci'ed into a Lease on 12 August 2015 for tloors I to 4 of Knightt'ider Housc. The Ti'ust office is in th¢ lowei. ground of tl)e building. E REVIEW or ACTIVITIEI s or THE TRUST DURING 2a20-2021 Thc cffcct of COVID-19 was considercd and irpoi'tcd on by thc Fillaiicc and Gciier'al Pui'poses Cominittcc hcld on I, Api'il 2020. Witli a rcduction in dividcnd and invcsUiici)t iiicomc anticipated logct]Ici' with a rcduclioii iii thc incomc gcnci'atcd (iom l(niglilridci' Flousc, thc F&GP pi'oposcd 011 I, Api'il 2020 that iio ncw awards be illadc lo Hoiiie and Ovci'seas. Sludcnts ii) the ycar 20 IIJ_2020, nor would tli¢rL b¢ any iiew Corpoiate dwdl'ds. Existiiig coiiiniiliiieiits lo Hoiiie students woul(1 bL lionoured. The Cory)orat¢ awai'ds du¢ foi. payinent in 2020-2021 would bc I'eviewed to Llieck viability 21)d siibject ta t118t, ai)pi'opi'iate payments would be Inade to those oi'ganisationq that wei'e able tn cairy out theii. woi'k eFfectively, despile Llie conseqLiences ofthe pandeinic. The above pi'oposal i'elaling to new awards was discussed and agi'eed at the Einei'gency Coinmittee ineeting l)eld on 17 June 2020. Tlic consequciices of COVtD-19 on thc Trust's financcs wci'c i'cvicwcd by tlic finaiicc & Gcncral Purposcs at thcir nicclings in Oclobcr 2020 aiid Mai'ch 2021. Al Ihc laltci. Incctiiig a i'cvicw of tlic Cash Flow artd Budge( foi. th¢ coi))ii)g ycar look pla¢c ai)d givcn th¢ fa¢1 tl)al dividcnd inconie had improved, and tlie estiniated dividend income figui'e pi'ovided by UBS over tlic next twelve-niontli pei'iod look¢d positive, it was decided tliat new gi'ants foi. Hoiiie and Overseas students coiild be awai'ded in the year 2021-2022 and thdt new Coiyoi'ate awai'ds could also be given to accoid with oiir budget. The gi'arjt allocation was looked at again at Ilic illecting of the F.niergciicy Coiiiiiiitlee in Jiine 2021 and due to the inereasing dividend income togethei" with the UBS estimate of pi'ojected dEvidei)d incoine ovei. the i)ext twelve-IMonth pei'iod, the suiii to be allocated for gi'ant gJiving in 2021-2022 was in¢i'¢ased aceoi'diiigly. A woi'king gi'oiip was set lip to look at the 1'rust's Govei'nance & Sti'ategy. The gioup ol- five Dii'ectois Inet viitually on sevei'al occasions tl)roiigliout tlie year. Detailed Regulations wei'e di'awn up I'eli£ tiiig to the govei'nance of tlie Ti'ust togethei. with a comineiitai'y tliei'eon. Tlie pi'imc changc was tl)at tl)I'ee rcgulai. Cotninittccs of Ilic Council of ManEkgcnienl wei'e to be set up - a. Tlic Govci'nancc Comtniltee. b. Tlic Finance Comiiiillce. and ¢. Thu Awai'ds Coinmitlec. Thc Rcgulalions wcre adopicd by Ihc Einei'gency Comniittee in June 2021, lo talie effect aftei. the Boai'd meeting in Deceiiibei. 2021. Directors will continue to I'eview the Ti'ust's sti'ategic dii'ection. (u) Tlte Boaril/EiiieYgeiiey Cviiiiiiitlee The Emergency Coinmictee met in Noveinber 2020 and in June 2021. (b) Tlie Aivurd.% Coiiiiiiillee Tlic Awards Coinmittec met twicc in 2021, in Api'il and May to implctnent tile decisions of tl)e Financc 2nd Gcnei'al Piiiyoses Cominittee conceining applications i'cccivcd foi. awards in 2021-2022. 10

ALL SAINTS EDUCATIONAI. 'I'RUSI' roRTY-SECOND ANNUAI. RF.POII'I' YF.AR F.NDF,D 30 JUNF, 2021 Hniiie Students Tl)I'ee students I'eceived Inaintenance aiid fees in 2020-2021 iii the suin of £9,500. This was due to the fdct thdt tollowing the Covid-19 pandeinic and its consequcnt effect on the Tiust's investment Poi'tfolio no n¢w awai'ds wci'¢ mllde up lo 30 Juli¢ 2020, dnd tlie dwai'ds wl)ich wei'e given liad bceii agi'ced in previous yeai's. Awai'ds to Honie students were i'esun)ed foi. the year l July 2021 10 30 Jui)e 2022. AI the meeting in May 2021 seven awai'ds wei'e made to Hoine students in tlie total suin of £_35,OaO. Subsequently two ftii'thei. awai'ds wei'e iiiade in tlie sum of £10,000. Followii)g the meetiiig of the EM￿.ge1]cY Committee iii June it was decided tliat awai'ds cuuld be Liiven to a fui'tlier six hoiiie stiidenls, Inakiiig a total COLllLllltinei)l of £75,000. At the year ei)d, £45,000 of tliis li1£ s beeii recognised as grant coinmitsneiits iii Ihc fiiiai)cial slatcmcnts. Overseas Students Due to the coiisequences ()r COVlD-19 tl)e Aw¢ll'ds Coiiuiiitlee decidcd lo make no iicw awaL'ds lo Ovei3eas' stiidcnts foi. the pei'iod l Jiily 2020-30 Jiin¢ 2021. At thc AwJi-ds 11)ccting in May it was agreed tliat awai'ds wci'e to be inade to six oveiseas students in th¢ suni of £169,028 in tlie period l July 2021 to 30 June 2022. Following Ilie meeting in Jiine, it was decided that one fui'thei. awai'd could be made in tlie sum of £33,500, making a total coinmitment ot £202,528. I'he All Saints Jane Caiiipbell Allen Bequest No awards were tnade fi'om tlie J.M.C. Allen bequest as the fund was utilised towai'd tl)e Cost of refiirbisliiiient of I(Jiightridei' Hoiise. Subsequently it is cnvisagcd tliat an awai'd will be made iii pei'pctuity in mcmuiy of Miss Allcn. Corpoi'ate Awards Due to the consequences of COVID-19 the Awards Comtllittee decided not lo make any new Coi'poralc awards foi. tlie pei'iod l July 2020- 30 June 2021. Hoivever, tlie Tiust had existinLk commitmentq for tliii'teeii exi.sting Coi'i)oi'ate awards and a qiiestionnaii'e had been circiilated to tliose bodies to checlc die luturc viabilily of thcii. pi'ojects, to ensui'e tliey could continue theii. woi'lc giveii the effects of the COVID-19 pandcinic. On I'eviewing the I'espoiises, it was decided tliat twelve Coipoi'ate oi'ganisations could still bc supported in 2020-2021, i'esultiiig in a cominitment of £178,148. At the meeting in May 2021 applications fiom thiiteen Corpoi'ate Oiganisations were ¢onsideitd and it was agi'eed that seven new awai'ds would be made amoiinLing to .£158,231. Subsequently one furihei. application Nvas considei'ed in the sum of £1 0,000, and witli the exiting awards tlie sum agreed foi. the pci'kod l July 2021 to 30 June 2022 was £213,457. Funding for Iliose studying in Ghana at the Univer8iiy of Cape Coa%t has continued. Tlii'ee new scliolar8 proposed by the University i'eceived funds ii) the aulumii of 2019 and 2020 and will coi)lii)ue to be supported ovci. thc foi'tiicoming year. A list of tlie Coi'poi'alc Awai'ds tcnable in 2021-2022, together with tlie relevant appointed 'link' Directoi., is to bc found at Appeiidi.i B. Link Direcloi's have regularly eonsiilted willi the institutions who have reccivcd coi'poi'ate awai'ds. The link Directors assess the work ol the in8titulions concemed to ascerlaii) the iinpacl funding has on the projects wl)i¢h have been supported aiid Ilie outcome achieved. This is a conlinuing and evolviiig

ALL.SAIN'I'.S LDUCA'I'IONAL"fRUST FOII'I'Y-SkCOND ANNUAL RLI)OIIT YEAII ENDED 30 JUNE 2021 pi'ocess. Recipients of coiyoratc awai'ds at'e i'equired to pi'ovide a i'epoi't on impact aiid oiitcome. This is particulai'ly L'clcvant wl)u'e awai'ds ai'c madc ovci. a nuinber of ycai's. (c) Tlie Fiiiuiice uiid GeiieiulPuiiJoses Coiiiipiillee The Finance and Cienei'al Puipos¢s Comniittee is chaiird by the Vi¢¢-Cliaii'iiian of the Folindation, Mi- David Ti'illo, The Comniittee met twice dui'ing 2020-2021 diid conducted iFilei' alia the I'eviews of tlie Ti'u81's invcstinciit portfolio, whiLli coiiliiiucs tu be in tl)e lidiids of UBS AG (Wedlth Maiiageinenl). The Jiivestiiieiits Moiiitoi-ing Group, ¢liaii'ed by Mr St¢plieJ) Bi'ooket., Loiitiiiues to carl'y out its duLies, UbU<illy, but not ii)vai'iably, witl)in Ilie context of Ineetings ot. tlie Fiiiance aiid General PLIIPOSCS Coinmitle¢. The health of tlie Trust's finances and liow tliis impacts upon the dmount of Inuney that can be devoted to awai'ds in any given financial yeai. iiiay be the Finance and Genei'al Piiiposes Coinmittee's pi'iiicipal Loncern,. biit it also l)as' a vai'led l'ange of otlier responsibilities, for exainple, senitinising noiniiiations foi. IM¢inb¢r8liip ot the Fouiidation; advising on %taffing Inatteis, ineluding reinuiiei'ation. and canying oul i'egulai. ri.qlc as.qe.%gmei)l%. The fiiiancial stale af the TrLiqI at tlie eiid ot 2020-2021 is elsewhere fully detailed (.¥ee abnve, .recliDIi cind helnK', Ihe Aiiiiiial Aceoiiiil.F). (d) All Siiiiits SILrloii Felloiv.fliip The fifth All Saints Saxton Fellowship was awai'ded to the University of Exetei. in June 2017, wilh Cainilla McHiigh being the named Fellow being an Associate Reseai'ch Fellow at the University of Exeter Medical School. Tlie thiee-yeai. Fellowsl)ip in support of tlie 'Health by Stealth, pi'oject successftilly concluded in 2019-2020. Thus f<l1' no awai'd lias been Inadc in respect of the sixth Saxton Fellowship (e ) Fiiture Pluiis (iiid Objeclives The Foiindation is looking at ways to encoui'age Inoi'e sttLdents to apply foi. awai'ds. Considei'ation is being given to encoui'aging mol'e Ovei'seas, applicants to seek eoiii'ses in theii. own counti'ies and for the Foundation to build connections witli othei. educational institiition5 abroad. We dlso wish to make tl)e Trust's woi.li bctter known to Food Teclinology students so tl)at dn inei'eased numbei. ot applications. can be rcccived fii)m these students. The sti'eainlsning of oui" pioLesse% ig an evolving task. Following the work cari'ied OLlt by tl)e woi"Iciiig gi'oup on Governance, Ilie fului'e.%tiategic direction of tl)e Trust will be actively considered ii) 2021-2022. ff) The n'u.st'.I beiieficiuries,. aiid ilie ussiirdiice i)fi)IibliL beiiefit The elass of 2020- 2021 Meanwhile, the principal worlc of All Saints remains the awai'ding of grants lo students in highei- and further education who, foi. one reason or anothei., need snme financi81 assistaiice to undei'take pro¥rammes af qtudy consonant wilh the Truqt'.q charitable scheme. 12

ALL SAINTS F.DIICA'l'lnNAL TRUST 4ORTY-SF.CONI) ANNUAI. RF.PORT Yr4.AR F,NDFD 30" .IUNF, 2021 At the ciid of the year linder I'eview, the iiuinber of individual students. for wl)oiM the Tiust has an ii-going financial oi. otliei. coiniiiilinent stands al tw¢nly-Iwo, duc lo tl)e decisions I'efei'i'cd to abovc who will i'cceivc awaL'ds in 2021-2022. Twelve eoi'poi'ale awards will be siippoi'ted in the academic year 2021-2022 as sel out in Appeiidi.i B. The list of univeisities and colleges at wliicl) the curi'cnt cntiy cohoit intend to Study, i'eflects, as in pi'evioiis years, a sati8lacloi.ily eclectic niix of 'old' and 'new' institiition.%. Ki 18 alqo very satisfying to receive consisteiltly tavoiiiable, fi'equciiily glowiiig rcpoi'ls on Ilie aLadeinic pl.0￿.esS of sttideiits wlioin All Saints is spoiisoi'iiig. The Fouiidalion routiiiely heaiB of '()ur' studeiits gi'aduatiiig willi fii'st and uppcr sccond cldbS degrces. That is tl)e I'esult of diid iiiidoubtedly a ti'ibulc to Ihc liai'd. dedicat¢d work tliat ti)esc students pul in, soinetimes despite tl)e most iiiifavoui'ablc and discoui'agTilib pei'50nal cii'ciimstances; but it also indi¢aies tliat the Fouiidatioii's pi'ocedui'es toi. sclccting ¢aiidid¢iles to i'eceive All Saints awai'ds rem¥in bi'oadly appropi'iatc. Deinonstratiiig 'Public Benefit, In considei'ing the eliai'ity's aelivities and tlie fulfilment of its abjectives, the Board tskes full aceount of tlie Cliarity Commi88i()n'q eui'i'ei)l Liiiid#iice on 'i)Iiblic benefit,. Seholarship Ei valu#tinn Repoi't (SER) A¢Lordingly, as signalled in pi'cvious Annudl Reports, in 2009-2010 tlie Boai'd inti'oduced a Inore I'ig()Ix)us, sti'uclui'ed and Ii'ansparcnl systeiii fui. evaluating the 'outcomes' of the vai'ious classes of awai-d niade by ihe Tiijst. Evciy All Saints schulai", whetliei. home oi. ovei'scas is i'eqiiii'ed to sign a foiinal 'Underlaking' that he or she will anniially complete an assesgiiient documenl, the Schc)lai'.fliii? Evuliicilioii Repoil (SER), lisling tl)e iesulis of cxaininations taken. any qiialifi¢ation aivai.ded; and i'eporting actual oi. potential einployment piospects coining foiwai.d in the walce of the completion of the acadeinic progi'amme supported by funding fi'oin Ihc Tiusl. It is pleasing to i'cpoi't tliat i'etuin of SER fornis from students who liave completed their programmes continues to be on track. As Iiighlightcd iii previous yeais, Reports, the innovation of the SER initiative is to invitc scholats lo pass judgeiiieiil 011 dic uvei'all pei'foi'iiiance of tlie Trust itself.. perceptions of ihc applicalion pi'OC¢bS, pcrceived cfficicncy and dispaLch' exp¢i'icnce of conldct witli Ti'ust staff diiring the piocess. the adminislralion of Il)e award, e.g. th¢ paymenl of gi'ants, aiid the I'esponse of staff to I'easonable I'equests foi. advice and Lkuidance. Oiii. students have been very p051tive in their judgetnents on us. Pi'ofessor Anthony Leeds reviewed the Student Evaluation Reports in Novembei. 2020 and pi'ovided a detailed and positive i'epoit to tlle Dii'ectors. Corpoi'ate Awai'ds 2020 - 2021 BanLFor University This project was designed lo provide a pedagogical netwoi'k for RE aci'oss Noith Wales and the Noi'th West ot England. Ovei. 30 request.% from scliool teachei's in the l'egion ivere receivcd. Reciprocal ai'L7ngcincnt between the Univei'siry and schools in nortli Wale.8 of work cxpci'icnc¢ pla¢eineiils for A- 13

ALL SAINTS EDUCATIONAI, TRUSI. bORTY-sfiCOND ANNUAI. RF.PORI" YEIAREINDED 30 JUNE 2(121 Icvcl studciits aiid eurreiit ui)dergi'aduate studeiits wei'e developed. Tl)e wcbsilc doinain foi. the 'l)ub' of tcacliing rcsoui'¢es was establislied aiid developed. Substantial progirss has becn iiiade to develop RE- Coniicctiuns ()iiline and in pci'soii aiid close reldtionsliips have bcen built with RE stiidents aiid RE IcJchers. Jn the iliii'd and final yeai., tai'gcts lidve b¢cn excecded. The lockdown encoiiraged lai'ge nuinbeiE of teachci's and studeiits to eng&ge with tl)eii' aclivitics. Mucli of tlie pi'oject is 5eif-suslaincd and will continuc aftei. the end of our fiinding. Bi$hop GTr'osseteste Uiiivei'sity ASET suppoi't the Learning about Religion Ihiough Dialogue project. The pi'oject aims to nui'tui'c local RE teaclieiE and streIigtlien RE tedeliiiig by olT¢i'ing opp()rtunities for DIALOCIUE RE practicc, wliich encoui?gcs pupils to engage in dii'eLt dialogue with faith practitioi)eis aiuund a pai'ticular cnquiry. A specific faitl) Iiicinbcr is ¢illocated to a s¢hool and bccoincs a 'frieiid' for dt least six months ai)d y¢hool engdge iviili this pctson. Six schools w¢re belected (tliree pi'iinai'y and dii'ee seeonddl'y) aiid i)rcpar¢d foi. a Ii'ainin¥lplanning g day in Septeiiiber 2019. Faith pi'actitionci's wci'c scl¢cled and i)I'ei)21'cd by St Pl)ilip's Ccnlre. Scliools have engaged well, and teacliei's and pupils have enthused abolit Ic8cliing RE and tea¢l)ei' subject knowledge and confidence lias bccn gi'catly enhanced. Tlie i)raclitioner lir￿S continiied until Decenibei. 2020 witli groiving bonds of attachment and linlcs will be inaintaiiied in d)e futui'e. En spite of Covid-19 aLtivilie% in¢liided q¢l)ool and faith centi'e visits, asseiiiblics, RE classCS, worksliops aiid staff INSE'I. sessions. Feedback indicated a high degi'ee of enthusiasm and engra¥ein¢nt tl)is was suppoi'tcd by cvidcncc that tl)ei'e w2s as sigiiific<int impact 01) pupils and staff, IcadinuJ to iinpi'ovcd RE aiid iiici"C¢i6cd staff confidence. CAntei'bury Chi'ist Chui'ch Univei'sity College The pi'ojeLt to iinprov¢ the expertise and confidence of RE teachei's, to I'aisc awai'cn¢ss of the key i'ole played by RL and to inci'ea8e the number of sixtli fi'oin studentq cl)oosing to study Rf,, at university ha8 contiiiued to fluurisl). The Epi.qtemic Insight Initiative lias developed webinaTS, activities and resoui'ces tliat can be iised in tlie elÈLqSi'ooin and at home to dsk and exploi'e Big Questions. A training day lor RE PGCI.. btudenlq was licld on 16 April 2021. Thc fuiidiiig by ASET 1.8 iiow ¢oiiiplete. Church of England Foundxtion for Educational Leadership This pi'oject offei'ed a pi'ograinnie for newly qualified or aspii-ing heads of schools and piovided an 18- month piofessional qualification designed by the Foundation and acci'ediled by the Deparlinent of EduLation. The pui'pose is to equip and support new lieads to be confident, resilient and effective and thus moi'e likely to stay in post long-tei'm and to offei. talcnted lea¢liei's a patl)way to headship and a bueees%ion plan foi. their schools. In 2019 the programme i'an witli 141 participants, and in 2020 foi. tlie tliii'd Colioi't 250 participants enrolled. Tlie impact on liead teacliers lia.s been positive and tlic rapid growtli meaiis they ai'c iiow a national i)rovidei' delivei'inLTr a Iiigh-qlialily progi'anllnc. Cohort 4 pai'ticipants Stai'tcd iii Jaiiuaiy 2021 81)d succeq8fully cotnpleted tnodules l and 2 which havc been delivei'ed vii'tually as onc day onlii)e leai'ning events. By bccoiniiig IOOO/o Vii'tual ai)d offLI'ing a i'educed- pi'ice piogi'amiiic lo leadei's fi'oiii I'l1121 and siiiall scliools, 149 pai'licipdllts wei'e i-e¢i'uited witli 30 frotn siiiall schools. A 99 /n dchievenient l'ate lias bccn suslaincd, witli only one participant failing at final assessment over a foui'.year pei'iod.

ALL SAIN'I'S LI DUCA'I'IONAL'I'IIUST liOII'I'Y-SEI COND A￿'NuAL REI PORT VEAR EI NDEI D 30 JUNE 2021 Faith and Belief f4orum Funding was given to review and i'efine tlie leading interfaith cliai'ity Faith and Belief Foi'Lim's foi'mer S¢i'iptiii'al Rea4oniiig-style ediicational i)i'ogiainnie, 'Tools 4 Ti'ialoguc, iii liglit of thc Coinmissioii on RE'S I'epoit on Woi'ldviews. As well as the developiiicnt of tl)c oi'ganisalions fi'om Tl)rec baitl)s Forun) into Faitli and belief Foi'um. Betwccn Janiiai'y and May 2020 - Ilie F.xploi'c phase consultdtions took place witli a Idi'ge pool ot exi)ert%.' Re teaehei'% and othei. RE exi)ert.%. Tlier¢ followed a sei'ies of online woi'lcslicips wliieli evaliiaied Ihe new aiid iefined i'e.81)urcLq. Between tlie fir.qt aiid second sei'ies of onliiie woi.Icshops {May aiid August 2020) the teaiii &dapied and cl'eated i'esoui'ces bAsed oil recoiniiiendatioiis I'e¢eived. The fiist two stages went oiilinc diic to the paiidemic the final TEST phase did suffei.. Howevei., feedl)ack was abundant, coinplcx and ovci'all positivc wliicli showed tlie iiecd for tliese i'e%oui'ces in (he ligh( of tlic RE Conllnissioii i'epoi-t and thc dciiiaiid fi'oin tcaclici's stiuggliiig witli iiiultiple deiiiands and pool. Ii'aining. NATRI- New2RE This pi'oject lias beeii transforinatÉoiial for Iiew RE teachci's aiid sevei'al ci'cdit it as tlie i'easoii wl)y t]iey l)ave .8tayed iii tlie tcacliing pi'ofcssion aiid somc of thc carly colioi'ts are iiow back iii Ihc i)I'oject as Inentoi's for thc ncw i￿￿k¢. Thc sclicinc is in its sixtli ycar and continues to suppoi't new .Se¢ondaiy School RE tcacl)crs, ai)d oftcn is Ihc niain {oi' only) siibjcct 6p¢cific bUI)port foi. tho.qe teacliei's. Ai tlie end of il)¢ spi.ing Ici'iii 2020 11)ei'e wei'e 61 p81'ti¢lPdntb wlio benefit fr(Ini d per%on<il 11)entoi', access lo a closed Facebook Gi'oiip to allow excliange of ideas, CPD opp(Ii'tLinities aiid collaboi'ativc leai'i)ing, subject specific webinais and access to otliei. Inatei'ials, an annual conference to inspii'e, infonii and eneigise tlie teachers and fl'ee iiiembership of NA TRE. An online confei'cncc was held in Oclobei. 2020 and offet'ed a full day of sessions. 790/0 Ot delegates I'ated the eonfei'en¢e veiy good oi. excellent. A key outcomc is tlial the numbei. of New1R￿ pai'licipdllt5 StEII leaelTriftg, far exceeds tl)e national average. 270/0 of iiew tcaclicrs Icavc wiihiii thi'ee yeai's ¢ompared t() niily 4a/0 iii the qclieme. This project will continue to be supported by All Saiiits foj. a fui'il)ei' yeai. iii 2021122. Pi'ioiy School A successful .8uinmer %chool waq held in Jiily 2019. The usual suminer scliool did not take place in July 2020 due to Il)e school not being fiilly open. Howevei., given tl)e impoi'tance of tliis pi'oject, and the modest amount of the awai'd, which has fai'_i'eaching benefits, ￿ndIng continued in 2020-2021. Tlie scho()I plans to liold anothei. summei. school. Tlie teaching staff liave been creative in cngaging ivith the sludeiits, and one teacl)ei' of DT Food and Nuu'itioii lias given a wcckly cookcry clialleiige, wliieli lias beeii vai'ied, usiiig ii)gi'ediciits readily availablc at hoinc. Thc studeiits took pliotogi7phs of tl)eir creations and submitlcd Ihcm to bc sharcd on ihc scliool Facebook and twillei. accounts. SMWW-Tanzani2 This pi'oject is for Food and Niits'ition Ediication Awai'eness Ti'aining in Rui'al and Remote Sehools in Tanzania t]ii'ough Social-lnclusion Pei'spcctives and hds concentrated on scl)ool childr¢n, leaehei's and parents from tlie pastoi'alist and peasaiit comtnunitlC5 in thc Mai'a region, with the aim inlei. alia of

ALL SAIIYTS F.DUCATIONAI.'riius'i' FORTY-sfi.C'.ONI) ANIYUAI. IILI)oii'r ITIAR EINDF,D 30" .IUNF. 2021 i'educiiig .%¢l)ool dropouis, inci'ease acadeinic pei'toi'niaiice, dissciniiiatc infoi.malioii oil food and iiuti'itioi) educatioi) and to i'cdiice oi. eliiiiindte Inaliiuti'ition among cl)ililr¢n not in scliools. Positivc oiIICOllles l)ave been achieved iii tliat school cli'op(iui lia8. dcci'cascd lo 50,/. Food diid nuli'ilion cducation lias liad a Iiigli impact on classi'ooin pei'fui'iiiance wliicli 118s improved sigiiificdntly. Tlici'c has becii a i'educlion in the stigiiiatization of Lliildi'en witl) disabilities. Reliable infoi'iiiation 011 food Lind niiti'ition lias becn disli'ibiited by booklets, leaflets and paniplilets. More than 600 pi'inled inatei'ials wei'e dislribuled. Tliei'e has been an incieased intei'cst in stiiilying frood sciences in Secolldaiy and higli schools. Th¢ objective, to addiess tlie issues ot lood and iiuts'ition awai'elle5s is beiIig achieved and is successtul. The project will continue to be funded for a tliii'd ycar in 2021-2022. Society foi. Promoting Chi'lstl2n Knoivledge Thc Scliool Asscinblies website has enabled tliousands of childi'en to attend fun aiid eiig¢iging ¢ollectiv¢ woi'ship cvciy day. tn Api"il 2020 tlie sile liad ovei. 270,000 pagc I'equests willi i)copl¢ a¢¢essiiig tlie site fi'oill ovci. 80 coiiiiti"ies. Scliuo16 have i)I'oduccd asscinblies wliicli liavc b¢en qcnt to pai'ents foi. use dt honie. A new assenibly 'Paiise loi. Thoiigl)I' lias beeli developed which provides a daily 5 iiiinute slot roi. children to stop and retlect on everyday issucs, including those faced diii'ing loclcdown. Also included have been extension activities toi. eacli a5setnbly, which reinloice the aims of tl)c assembly hut alqo pi'ovide fresh idea% dnd re8ouI'¢e8 foi. parents to iise. Wlien scliools i-ctui'ned in Scpteinber 2020, 'classrooin assei)Iblies' wei'e ne¢ded as whole school asseinblies werc iiot allowed. Malei'ials wele dcveloped iiilo 'Pausc f()i' Tl)()ughi iii the elassi'ooij) sessioi), Aftei. thc Januai'y 2021 lo¢kdown teacl)eiE still used tlie 'Pause fot. Thouglit, assemblies, I'esoiiice iii onliiic tcacl)ing, althougli these wei'e Inadc slioiter and easier lo deliver onlinc. In Janiiary 2021'Pause foi. Tliouglit.. Lockdown, had 2,698 wcb pagc reque%ts and 'Pause fot. Tliouglit.. What tlie futui'e liulds, Iiad 1,802 I'cqiiests. At secondaiy levcl thc inost POPLildl' asseinbly was 'Wlicn tlic going gctS tuugh, will) 1,787 I'cqiicsts. University of Exetei'_'Supporting Healthy TeeJ] Lifestyles, The Saxton Felloivsliip Th¢ aim of the project is to engage young pcople and scliools to considei. a progi'amme of activities to enable and siippoi't behavioiii. change. A systematic literature I'eview of tlie published evidence relating to adolescent diet and lifestyle has been undcriaken. Staff, stiidents and pai'ents in two local schools have been intei'viewed to detei'inine bai'riers and enableis of change. The planned pi'ogramme of work was cai'ried oiit irito year ihi'ee ai)d tlie last phase of the woi'k has coiitinued tlirouglioul 2020 {tliough the tiinelable lias been inlei'iupled by COVID-19 aiid its coi)seqiience%). The woi'k done shows evidence of i1￿0VatIon, two publicatioiis have becii successtully acliieved, the Fcllow l)as sliown evidence of commiinity eng<igeinent and il is clcai. that ASET made a wise ehoi¢¢ in allocating tlie Saxton Fellowship to the Univeisity. A text desci'ibing thc woik done. with illu.8ti'ations and web-links to otliei. soui'ces, will b¢ provided foi- use on the ASET wcbsitc lo dcscribe tl)e success of the Fellowship. University of Cape Coast, Ghana 16

ALL SAINTS EDUCATIONAL TRUST bOIITY-SEICOND ANNUAI. Rfi PORT YEAR EI NDEI D 30 JUNf, 2021 Thc Trust has tor several yeai'5 aSsisl¢d Illl'ctt.qtudttiiLq at thc University of Cape C()&st, Gliai)a with ilicii. Ph.D. S￿dI¢s. TlJi'ce i)ew studei)ts are iiow being supported aiid diey are pi'ogi'essing wcll aiid should complet¢ tlicir wurk by June 2022. Onc tliesis covei's 'Slaveiy aIid Coniniuiiily in IhL I" Cci)liii'y'. A Reading of tlie Letter to Pliileinon,. Anotlici- is on 'Valucs, Moi'als <ind Ethical Dcvclopinent of Accounting Educalion Studcnts ill Ghand, witli the tliird studying 'TI)e Effects of The Leadei'sliip for Leai'ning piojccl in Glianaiaii Basic S¢liools' Tl)ey liave excellent pi'ofessional I'elationships with their thesis 5upcrvisoi's, who I'cport tl)2t tlie stLidents demonsti'ate pi'olessionalisin £ind coi))mitment to conipleting theii'.%tudi¢8, Funding will contiiiiie foi. a fuiiher year. University of Clasgow This pt'oject cxploi'cs tlic prevaleiice, sci'vice ulilisali()n and patient expei'ience of severe obesity conductcd by Pi'ofcssoi. Micliacl Le¢lll. As little data exiqtq on Ilic s¢rvicc nccds ol. people witli sevei'e obesity, tlie pi'ojecl dcals willi tlic dcmands on nursing aiid so¢ittl iai'e sei'vices which cali bc expensive. Cai'eis of tliose with obcsily I'cccivc nv SPCCidl training foi. dddi'essing tlie specific cliallcngcs of obesity- Little ti'aining is given in niiti'ilion and dietetics. Tlie i)roject is diie to collcci data on seiwice iililisation and a health eeonoinic analysis will be undei'taken. Tlie special ti'aining necds of cai'ers will be identified aiid a training module developed. Final I'eseai'ch etliic.4 approval was i'cccived in Janiidry 2a20 and I'eciiiitment begaii ivitli intei'est ti'om liealtli piofe%%ioi)als and rai)id rcfeii'al of patieiits foi'1)arlicipation. The COVID-19 pai)deinic stoppcd the clinical %uidies but Iheqe will be recomineiiced. TliuE fai. two iinpoi'tant publÉcatioiis have beeii pi'oduccd. Covid-19 ha.q delayed il)c statistical analysis of the data, but data has bccii scnt lo Glasgow froiii Hai-vai'd to be aiialysed ai)d a statLsiiciaii is uiiclei1aking tlie woi'k. Two full papcrs arc bciiig prcpai'¢d dealing with cxccss wcight gain in boys aiid gil'ls, whicli will be used io design tl)e innovdtive ediicdtiondl obesity prcvcntion tool foi. young people. It is antieÈpated the pi'oje¢t will be ¢oiiiplete by 31 Deceiiibei. 2021. Wesley's Cliapel Thc Lcysian Mi.s%ion Learning progi?Imne lias continiied to develop the RE %e88ioii for d¢livery 011 sile. A vai'i¢ly of onlii)e and downloadablc L'csoui'ces have ben ci'eatcd to continuc il)¢ C.hai)el'.s eiigageiiieiit. These have included 'Wcslcy's Wcdn¢sday Challeng¢', a foi'tnigl)tly down loadablc pack cl'eated dui'ing tlie lockdown pei'iod, Siicccssfiil oiiliiic cvents via Zoom were held such as a Ckn'istinas Wreath Mdking Workshop, a Faiiiily Craft Scssion, as well as talks to adult gi'oLlPS. The total cngageinent dLlI'ing the pei'iod Api'il 2020- Mai'ch 2021 was 283. Digital education worksliops have been developed, one bcing 'Changing the Woi'ld. foeussing on the way Jol)n Wesley used tlie spoken wol'd to advocate change. In Novembei. 2020 tl)e first online ediication session was delivei'ed being an intt'oduction to John Wesley and a virtual toui. of John Wesley's House. The scheme was then i'ollcd out on a national level to Methodist pi'iinai'y scliools in Janiiai'y 2021. During tlie siimmei. holidays, physi¢al packs of 'Wesley's Wednesday Challengc, wei'c delivci'ed to a local food bank to enable those wlio did not liave coinputei. access to iise the i'csoui'ce. Physical Li'aft paclc.q wei'e developed foi. Christmas and february half-terin, with ovei. 50 beiiig postcd nationwide. Tl)e project will be funded for a fuitiiei. year ifti 2021-2022. Women's Educatlon Pai'lnersliip ASET lias supported twelve scholai's to atlciid Univcisily in l(hai'loum. By De¢einbei' 2020, five liad finished theii. fifth and final year and graduated. Six of them studied in tl)e Manageinent College of Ahfad University while tlie other six qtu(lied at tiie Health Scieiices College. Due to tlie Covid -19 pandeinic tlic acadeinic year was extended fi'om Mw'ch to Noveinbei. 2020. I-,inal examinations took 17

ALL SAIIYTS 14 DUCA'I'IONAL'I-RUSI. FORTY-SECOND ANNUAL RLI POR'I. IT.AR ENDED 301kn JUNE 2021 place iii Oclobci. and Novembei. with the i'csults in Deceinbei. 2020. Tlll'ee scliolaiE achicvcd 'Excellenl' I'esiilis (811-90 /0); Iliree obtained 'vci'y good, i'csults170-79'/0},' onc scholai. obtained a 'good' i"e5uIt160- 69010). foul. seliolai's failed in onc or inoi'c subjccls and had to rc-sit the siibjects they fuil¢d. Oi)e scl)oldl' will i'epcat the yedi.. Wulugu Pi'oject WulugJu irported Iliat oui. awai'd had assisted witli tlieir woi'k lo provide and impi'ove vocational training in Noi'il)ern Gliana. Schools i'e-opeiicd in Janiiai'y 2021. WuliiLiU were conceiiied that aftei. a l()ng pei'iod of cloSLire Inany fainilies would i'egi'ess 10 Il)e li'adiiional pattei'ii uf gil'ls slayiiig at livme to care foi. siblii)Lis, Iieli) with food pi'oductioii and cariying water. Wulugu l)ave car¢fully inoi)itored the situatioii so tliat noiie wei'e unablc to go to sLhool l)ec2usc tiicy spent su many houi's cariying water oi. wcrc cxiiausted. Tlie curi'enl main activity Ib t() 8iiik Incchaiiical boi'e liole% foi. cominuiiities that havc ncvcr ad cleati watei. ai)d havc relied oil st1( gnai)t ponds. To dale Wulugu hav¢ made cleaii Wdtei- availablc lo appi'oxinialely 100,OOU pe()plc. A bore Iiole cali sei've up lo 4,000 people. Tlicy inakc a I'eal differcncc in i-cducing ti-aditiuiial discases and iiioi'e tiiiie is available to gFji'lb, bo the I'isk of Inissing schc)ul Inuch lowci.. Wiiliigu have plans loi. Inoie boi'e holes. ASF,T liave agi'eed tiinding foi. a fuitliei. tlii'ee yeai'q foi. 2021122. 2022123 and 2023124. F OUR SCHOLARS and their su orters Oui. sLholars will continue tu bl'ing great satisfaction and distinction- botli to theinselvcs and without Iindue exaggeialion, the Trust. This Anniial Repoit CDncliidcs with a sele¢tion ofexLI'acts fi'oin Icttcis and messages I'eceived fi'oin oui. scholai's, botli past and pi'csenl, home and ov¢i's¢as. Tliis is wliat oui. scholars say about tl)eii' achievements and abolit tl)c pait playe(1 by All Saints Ediicational Trust in Iielping tli¢m lo secure success oi. to take Ilicii. lives foiwai'd in a diffei'ent and more i)osilive direction.. l ivipiild likÉ to slale ijiut l uiii exli'eiiiely gralefiilfi)r ilie.siippoi.l over ihc lu.ll Jieai's. [bdward, UK] Tlilliik yoii evei. so iiiiieli.foi' tlJÉ .fclioliii'sliip you linve kiFidly offered iiie. Yoiirliiiids Ivill lielp io fiiiiiiice niy PGCE)iear iii Si¢fl£Trlk iii beeoiiiiiig u &iiLL'E.i.sliil Fooil Pi'epiirulii)ii iiiid Niiti'iliijil leucliei,. IAMY, UKI Jii&É a iiole to say u liiige, lieui'lfeli iliaiikyoiifoi, j1￿Ul, scliolaisliip olfer. TIIIS Fvill iiiake a liiige d¢JYÉrÉiicg to iiiy M.Ed. I cried Ivlteii I receivedyotsi. leltei'l Isopliie, UICI .lu.vt to letyuii tliat I hnve received iiiy M.Ed. re.$1111s uiid¥uiiied u di.fliiictioii. Muiiy iliuiik. foi. allyoiii. siippoi'l, IvÈll us siipporÉli'oiit ilie Tr'ii.sl aiid Dii'ecliJr.y. [Chris, UKI I uiii ilirilled tliui ASET liuve clioseii to siiJJiJoi'l iiiefoi. iiiNfoi'ilieoiiiiiig PGCE aiid ivuiiled to tukg Ilie opporliiiiity lo tliaiikyoii persoiiullyfui. lielijiiig. Jt ivill be u gi'eiii Iielp Joi. Ivliicli l uiii elei'iiully giiitefiil IAndi'ew, UKI Tliaiikyoii very iiiiiclifoi'giviii&y iiie ali divdrdfoi. iiiy PGCF, Ivliieli ivill lllloiv iiie lo cniiceiiliale oil iiiji tÉachei' liaiiiiiig iidrl uc4dÉiiiic JiÉui'. IBLyony, UKI 18

ALL SAIIN'I'S LI DUCA'I'IONAL'I'IIUST OR"I'Y-SLCOND ANNUAL REI I'ORT YEAR LNI)LI D 30 '.IUNE 2021 J have I'eliiiiJt)d io Gliuiiiifoi. sonie liiiie iioiv aiid 1vi.sli lo &Yprss iiiypi'ofoiiiidgifililiidefoi. Ilie iiiiiiieiisiii.able.siiiJi)oi'l Kiveii iiie befoi'e, diiiiiiAJ iijid Aflei. iiiy coiiise of3¢iiily iii tlte UK. l iiiiist eoiifess ilJulJyoiii' 3poiisoisliip lilis coiili'ibiiled iiiiiiieiisely lo iiiypeisoiinl iiiiil L)diieiilioii Ilevelopiiieiil. l eaiiiiot g.IPl'É.%.f iiiy Iieui'lfeli giiililiide. J aiiifiill ijliJi'ai.sefoi, ASET. IEbeneLer, Ghan2] l ivniil lo siiieerely appi'eciate All Saiiit.i' Ediiclltioiial Tvuslfi)i'.IpiJii.si)iiiig ¢lie Masley'spiijgrtsiiiiiie (MPH). Words al'e iiot siilfiLieiit to d£.s¢J'ibÉ iiiy gititiludÉ. Tlioiik aiiil God ble5syoiI. Ilbralieem, Nigei'ial Lel iiie.F¢fti'C bjy srtyiiiA, Iioiv iiiiicli I iiJJiJi'eciate ilie lielp of tlie TJ'ii.st. J ilo iiot bgliÉve I Ivoiild lillve heeii uhle Iv att¢Jii<l ilie Llllll'.ie ivitlii)iii ilie scliolui'sliip. l uiji iiiiiv teueliiiig at a CliiiiLli vf£iigliiiid .sclirf)ol iii Loiidoii iiiid.sf) cleai'ly tlie coiirse lia5 beeii 113efi¢l. IHcrn'y, UKI l ivoiild like lo sfty Iioiv exceptioiially gi'uiÉfiil l lliii ul tlie S￿¢11£1.0.¥1lJl of ilie Ti'iisl. I liai?e iif) d￿111)1 tliiii iliL. scliola1511ip uivui'd ililltyoii linve itriude Iiiill iiiftke u lilig￿e iliffereiice Joi. iiie aiEd iiiyfiiiiiily Ivliilsi l iruiii to be a leacliey. ljohn, UK] I cuii say J liuve leariit rtll ilie kiioiiiledge I sel off iii seaiLlI ijl'aiid it is lillie to gi) li(piiie uiidpiil it iiilo yi'uctice. Tltaiik yoii veiy iiiiiclifoi. allyoiii'fuÉlierly giiidrtiicg aitd siippoi'i. Stiidjyiiigfor ilie Msc Cliiiieol oiiil PiibliL lieiilili Niili'ilioii UCL 15 uii e.Tiiei'ieiiLÉ J ivill eliÉi'islifui' all iiiiie Tli¢iiik yoii veiy iiiiieli lliid ilie boai'd o]'Ti'iislees. Miiy fNI)d iiclily blessyoii llll. [Jsaa¢, Ghaiial I ivoiild like lo exleiiil iiiji gi'(Ililiide lo AIISuiiJl.4 Ediiciilioiiul Tiiislfoi. Ilie.fLJiiJlrti'.sliEp iliiil Éiiubled iiie topiii3iie ilie Mse. Globnl Héiilili Niiti'itioii. Tlie eA-i)eiieiice fiiid oppoi'liiiiity iviis oiie of its kiiid Iiiid b0031ed iiiy eoitfidÉiJcg. ITendai, Malawi] l iviis deligjiled io I'eceive ilie coiifii'iiialioii of iiiy.%iiLeg.s.sliil upplieulioii flir ll Scliolarsliip . .1 Ivould be gi'ulÉfiil ifyoii Ivoiildpass oil iiiy siiicei'e iliaiik.4' to ilig ASET Aivui'd.8 CépiiiNiiilCeeloi' Ilieij. aeegplaiice of iiiy rtpplicutioiifoi'finaiicial.siipi)oi'lfor tlie Pi'ofessioyial DiJLtiJiaie iii EdiiLuIiiiii. [Justine, UKI l FvviII(I like Iv tltfiiik iiiost siiiLeYelJi tlie ASET Aivui'ds Coiiiiiiittee foi, C￿liS1￿£1'11j8 iiiy uiiijliciilitsii lid IleeidiiiR giaiil iiie Iiii llivlli'd. WiilioiilJJoiii' xeiiei'oiis ii.s.Yi.sliiiice l ivoiild iiot be ul?lÉ to dviiiice toiv(ii,d.s iity lifeliiiie di'elliii lliid slirtije ilie Jiitiii'e ofedii¢(Itié)ii iii ilii.s coiiiitry. Tr"i'oiii tlie bollviii of iiiy lieayi l Éliaiikyoii. IKirsty UK] Wuiiieii's Ediiculioiiul Parliievyliip ftiid ilie seholuis uj'e deeply llppi'eciulive lliidgi'alefiil oiii. .%poii.siJis Al Suiiils Ediicatioiiul Trii.sÈ ivlio di'e tlie iiiaiii refi.¥iJii iliui ilie seliolui'.s Ivill Iiavegi'ellil eiilirtiicedpersoiiuliJiv.%peLI.i Ivill be able lo uffecl cliuiisje iii tliip eoiiiiiiiiiiitie.i Iwomen's Educalioiial Pai'tiiei'sliip] Miiy l ittkg tliis oppoi'liiiiity tu.¥iiiLerely iliuiil( eveiyoiie All Siiiiils Ediicalioiifil Ti'ii.iifiJi' tli geiiei'f)ffiS scliolai'sliip I lillve beeii Aiiveii. Witli Noiii. kiiid.siiJ)iJoi'l I aiii iiow nble lu piip.siig ilié ciii'Ér f i•iN di'eiiiiis, iiiid l Luii (4s.s111'e Jiou tlioljyoiir iiive.slnieyit ivill cfiiise u i'ipple effecl ivitli rtll iiiy fiiliire piipils uiid LOFiiiiiiiiiilie.s l.YgrvL IKiisty, UK] Yoiii'fiiiaiicial.¥iiiJpi)i'l lielps lis lo eoiiliiiiie iii oiii. iiil.Y.ioii io dssi3 tlio.%e iii i)iir coiiiffiiiiiiity. Tlie geiieroiis siippoi'l iiiuke.f ilpossiblefoi. oiii. oigaiii.iutii)ii Éxist ditd to iiiuke ilie coiiiiiiiiiiifj? 19

ALL SAIN'I'S EDUCA'I'IONAL 'I'IIUST FOIII'Y-SECOND ANNUAI, RFPOIIT YEAR ENDED 30 JUNE 2021 gi'eiilplace lo live. Tliuiikyoii agaiFifoi'yoiii' siippol'l. IHealth l)sycliol()gy Maiiagcmcnl Oi'ganisalioi) Servi¢es1 Plgusepass oil oiii, iiiost siiiceie iliaiiks lo ilie Dii'eclor.f. Tlie ulvui'd Ivill iiial(e u 1114ge diffei'eiice lo oiii'progiaiiiiiie tlii.% yelli. uiid to tlie cliildreii iyivolveii. li lius beeii gi'eut to ivork Iblltli ilie Ti'iisl iiiid Stepliuiiie, Ivlio lilis. bceii fifiiiitu.vtie 'LiFik-pei'.soii'. ITrees foi. Citiesl IIRl¢ is very gyulefiil to ilie DirEclI)r.4 1)fAII Sttiiit.s Ediietstioiiul Tviistfoi. tltÉir loiig teviii grftiil viili i)Iiiiil.i lliid ieiiLIIiiiAI tliiijiigli ilie leueliiiig olcliiistiaiiity aiid ilje Bible iii RE, as Ivell u.s ilie Iviilei. L'iii'iieiiliiiii. [Biblc Rcadiiig Fcllowsbip] We ure i'ertlly llijpreciiilive ofJ?oiirfiiiiiliiig offer Iiiid Fve liope tItlS Fvill be ilie be¥iiiiiiiisy i)f llii exciciiisi lliidpi'oduc'tive c(pllllboiulioii. IUnivLrsity of Exet¢i'l Oil belialf ofiiiyself. Ilie li'ii.¥iee.s <lFid.Ytnf]'ui ilié Dg.si211 niiil Tgeliilol￿SY Assoeialioii, I Ivoiild like lo tliaiikyoii uiidyviii. Direetoi'.s.foY tlie gitiiil tltdt Jioii liuvg 2Éiieroiisly doiiated io oiii. Lliurily. IDesign & Technology Associationl WE ivijiild like lo recoiil oiii. siiicere uppi'ecialioiifoi. Ilie All Suiiils Ediicatioiiul Trii.%t, Ivjiieji lits.s piuviiled vitul, Yeui. l iiiutclifiiiiiliiig of £12K io 'piiiiip pi'iiiie, tlie Eai'ly uduplei. pliu.se ofscjiool Veiiliii'e.% iintiuiiully uiid io ucliieve beiiefic5.for Cltl'151iaii RE ediiculioii. Icliurcli Pastoral Aid Sociciyl Tlie.siiJJpoi'lfioifri ilie Tyiisl ivill lielp Ivitli ilie coiiiplelioii of oiii. &ecoiidfiiy.sclioolprogiiiiiiiiie. Tlie eo-llesigii pyojecl ivillpiovide lis ivitli cliiiily oil lioiv besl to siipijoi't leiicliei'.¥, eii,siiriii2 ive offei. Ilte beslpossible siippoi'lfoi'food i'el(Iled llLliiyjlje3. We til'e s(& grrttefiil io tlie Ti'ii.Illoi' eoiiliiiiiiiig iliis Ivoi'k. Isoil Asso¢ialionl Woiideifiil iiéiv& ilidt ASET Ivill ivoi.k Fbtrjill It.% d&fviiiii iii Noi'ihei'ii Glittija. We lli'e lioiioiii'ed aiid IIL,liglitÉil. 71ie geiiEri)ii.s giiiiil Ivillplrty ll iiiiijijr i'ole ll.$ Ive Ivoi'k io ilefefil poiyerty bj, gi17iiig iiiiÉdiicatedgEI'I.s a i'eal Lliftiice. Our Glilliia lefiiii ivill iise tliis Iielpfor iiiUXiiiEUVi loFix-lei'itri beiiefil lo gil'ls iii our Vocutioiiul scliool.s. Yoii.YiiiJJ?oi't lius vuliie beNoiid tlte iiioiieiaiy v(Iliie. Iwulugu PI'ojLCtI I Ivoiild like lo ililliik J7yii uiid ull ilie Meiiihei'.i' o]'tJiÉ Coiiiiiiilteefoi. coiisideiiiig iiiy 3Lliolfii'sliip appliLuliiJFi ttitd Aiv&rdiii8y lite iiii AIISftiiils' Sell￿1￿15111P toivardpayiiieiit of iiiyfees. [Josei)Ii, Ghanal Yoiii. Ilniirtlioyi iiieaiis.$0 iiiiicli 10 115 uiid Iviili yoiii. oiigoiiig siippoi't is iyilillfor ilie.Ipiiytiial develupiiieiil of cliildi'eii Iicro.f.s tlie coiiiitiy. I Ivoiild like lil tuke iliiJ clirtiiLe lo say iltdiik-yoii oiice agaiii, UJ Ive lliiii lo i'ellLli eveii iiiijre ilioiiJuiid.i ofyoiiiigpeople iii s'eliool [SPCKI Tliaiilcyoii.fopyoiii, leÉlÉp iiifoi'iiiiiig the BNF oil tlie siiccÉss ils uppliLlllioFI Ive llre deligliled. Tlii.%.%igiii]iciiiit fiivui,d ivill eiiftble lis to liuve u iiieaiiiii&fiil iiiipcict iii siippoi'liiig goodijiuctieefood 47iid iiiiÉiilioii iii UKI)iiiiiiiiy scliools IBI'itish Nuti'ition Foundationj Tlii.s graiit Ivill iiioke u ipiassive diffeieiice lo oiir Ivurk aiiil Fvill be iiiiiLli oi)J)I'eeiuted hy tlie .seltools Ivliicli Ivill iii Ciii'm beiiefii I'st pt]ilip's Centi'e] 20

AI.1, SAINTS EDUCA'K'laNAL'I'RLIS'I' FORTY-SF.C'.OND ANNUAL RL4 POIII. YE.411 FNDF.D 30 JUNE 2021 Tliiiiik yi)iifi)i'yoiir siipporl ofoiii. groiiyiiig Scliijol veiiliii'es JJJ'ilA¥rwiinie uiid I veiy iiiiicli look fonvdi'd to iliefi'iiiiful oiilcoiiie.sli.oiii oiip Coiiriiiiied work togeilier i)ffi tliis eiiteipri.se. ICPAS] TlinFik yoii agftin lo ilie Ti'iisieefoi. Ilieii. siippoi'l ofilte developipienl of aiii'.seLoiidoiy scliool pioxianiiiie. Tlie co-de3igii piojÉel Ivilljji'ovide ils Iviili cliii'ity oil lioiv be.sl lo .¥iippoi'l leueliÉr., eiisiiiiiig Fve oljer ilie beslpossiiple siipiJoi'Éfui'food i'elaled u¢livilies uiid ilie Liii'i'iciiliiiii. Isoil A8socialionl We havÉ beiigfilted eiioiiiioiislyfiolii ASET'.y siippoi'tfrfji. Inllpijijieais aiid Ivill uliiiaJ7s be giulefiil. [Wulugu} *****¥*¥***¥¥*•*** Tlhe Annull Report was appi'(bved by tlie Trustee'5 Coniiniltee of M#n#gement on the 8th of Decembei. 20212iid Sigiied on its behalf by: Rt Ilevd Di. K. G. RIGLIN Bishop of ArByII & The Isles DiJ'ectoJ' D.J. TR Diiector 21

INDEPENDENT AUDITOR'S REPORT TOTHE TRUSTEE OF ALL SAINTS EDUCATIONAL TRUST Opinion We have audited the financial slatem8nts of All Saints Educational Trust for the year ended 30 June 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement ol Cash Flows and noles to the financial slalemenls. including significant accounting policies. The financial reporlino framework that has been applied in their preparation is appliezb18 law and Unit8d Kingdom Accounting Standards, Including FRS 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ir818nd' (United Kingdorn Generally Accepted Accounting Praclicel. In our opinion the financial slalements.. give a true and lair view ol thè sla18 01 the charity's affairs as 8130 Jun8 2021, and of its incoming resources and application of resources, for the year Ihen ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Praclice.. and have been prepared in accordance with the requirem8nts of the Charities Act 2011. Basis for opinion We conducted our audit in accordanc8 with International Standards on Audiling IUKI IISAS IUKII and applicable law. Our r8sponsibililies under those standards are further described in the Auditor's Responsibililies lor the audit of the financial statemenls section of our report. We are independent ol the charity ir) accordan￿ with the ethical requirements that are relevant to our 8udit of the financial 51atements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with Iheso requirements. We believe that the audit evidence we have obtain8d is 5uffici8nt 8nd 8ppropriate lo provide a basis for our opinion. Conclusions r6latlng to golng concern In auditing the financial statements, we have con¢luded that the trustees, use ol the going con￿rn basis of accounting in the preparalion of the financial statements is appropriate. Based on the work we have performed, we have not identified any m8terial uncert8inties r81ating to events or Conditions that. indivldually or eollectively, may Cast significant doubt on the charity's ability to continue 8s a going concern lor a poriod of at leasl twelve monlhs from when the financial statements are authorised for issue. Our re5pon5ibilities and the responsibilities of the trustee with ￿Spect to going con¢91n aro d8scrib8d in the relevant seclions of this r8POrt. Other information The other information comprises tha information includad in the annual report, olh8r than the financial statements and our audltor's report Ihereon. The Iruslee is responsible for the other inforrnalion conlained within the annual report, Our opinion on the financial statements does not cover the other information and, ex￿p( lo the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion themn. Our responsibility is ID read the other inforrnation and, doing so, consider whether the other inforrration is malerially inconsistenl wilh the financial statements or our knowledge obtained in the course ol the audit or otherwise appears to be malerially misstated. 11 we identify such rnaterial Inconsistencies or apparent material misstateThents, we are required to detertnine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed. we con¢lude that Ihere is a material misstatement ol Ihis other information, we are required lo report that fact. We have nothing to report in this regard. 22

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF ALL SAINTS EDUCATIONAL TRUST Matters on which wa arè rèqulrad to report by exGèptlon We have nothing lo report in respect of the following mallers wher8 the Charit18s Aet 2011 requires us lo raport to you il, in our opinion.. the information given in the Trustee's Annual R8POrt is inconsislent in any material respect wlh the financial statements., or the charity has not kept adequate 8ccountlng records., or the financlal statements are not in agreemellt with the accounting records and returns., or we have not récèived all the information and explanations we required far our audit. Responsibilitlès of the Trustee As explained more fully the trustee's responsibilities statement set out on page 8, the trustee is responsible for the preparation of the f1nancial statements and for being satisfied Ihal they give a tiue and fair view, and for such inlemal oontrol as the trustee determin85 is necessary lo enable the preparation ol Ilnaneial stalemenls that are fr8e from material misslalemenl, whethèr dLie lo Iraud or error. In prep8ring the financial statements. the trustee is responsible for assessing the charity's ability to continue as a goino concern, disclosing, as applicable. matters related lo going concern and using the going concern basis of accounting unless the Irijstee 8ilher inlends lo liquidate the charity or to eease operations. or have no r881istiC 8lt81native bul to do so. Auditor's Responslbilities for the audlt of the flnanclal 8tatements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance wth regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a who18 are free from material misstalemenl, whether du8 to fr8ud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level ol assurance, bul is not a guarantee that an audit conducled in accordance with ISAS IUKI will always delecl 8 material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregat8, they could reasonably be expected to imfluence the economic decisions of users taken on Ihe basis of these financial statements. As part ol an audit in accordanc8 wilh ISAS IUKI we exercise prof85sional judgement and maintsin professional scepticism throughout the audit. We also.. id6ntily and assess the risks ol material rnisstatement of the financial $13temenls, whether due lo fraud or 8rror, design and perform audit procadures responsive to thos& iisks, and obtain audit evidence that is sufticienl and appropriate to provide a basis lor our opinion. Th8 risk of not delecling a materi21 misstat8mènt resulting from fraud 15 higher than lor one resulting from error, as fraud may involve collusion, forgeiy, intentional omissions, misrepresentations, or the overrid8 of intemal control., obtain an understanding ol internal control rel8vant to the audit in order to design audit procedures that are appropriate in Ihe circumstances, but not for the purposes of expressing an opinion on the effecliven8ss of th8 charity's inlemal control., evaluate thè approprialeness of a¢counting policies used and the ra8sonableness ol accounting estimat8s and related disclosures mad8 by the trustee., conclude on the approprialelles5 of the trustee's use of th¢ going concern basis of accounting and, based on the audit evidenoe obtsined. whether a materia1 uncertainly exists related lo events or Conditions that may casl significalll doubt on the charity's ability to continue as a going concern. If we conclude Ihal a material uncertainty exists, we are required to draw altention in our auditol's report to the relaled disclosur8S the financial statements or, il such disclosures are inadequate, to modify our opinion. Our conclusions ere based on the audit evidence obtained up to the fJale of our auditorfs report. Howev8r. futur8 èvènts or condilions may cause lh8 ch8rity lo cease lo continue as a going contsrn., evaluate the overall presentation, structure and content ol the financial slalements, including the disclosures, and whotherthe financial statements represenlthe underlying transactions and events in a manner Ihal achieves fair presen181ion. 23

INDEPENDENT AUDITOR'S REPORTTOTHE TRUSTEE OF ALL SAINTS EDUCATIONAL TRUST We communicate with those charged with governance regarding, among other matters, the planned scopè and liming ol the audil and 5ignrficanl audit findings, including any significant deficiencies in inlerrEal conlrol that we identify during our audit. Explanatlon as to what extent the audit was considered capable of detecting irregularttles, Includlng fraud Irregularities, including fraud, are instances ol non-¢ompllance with laws and regulations. We design procedures in lin9 Wlth our r85ponsibililies, outlined above, lo detect material misslalements in respect of irregularities, including fraud. The extent lo which our procedures are eapable of delecting irregul8riti@s, including fraud is delailed below. The objectives of our aLSdit in respecl of fraud, are,. lo identify and assess the risks of m8lerial misslatemenl of the financial statements due lo fraud,. lo obtain sufficient appropriale audit evidence r8garding the assessed risks of malerial misslalement due to fraud, Ihrough designing and implementing appropriate responses lo those assessed risks., and to respond appropriately to instances of fraud or suspected fiaud identified during Ihe audit. How8v8r. the primary responsibility for the prevention and detection of fraud rests wilh boih management and Ih05e charged with governance of Ihe charity. Our approach was as follows.. we obtained 8n understanding ol the legal and regulatory requirements applicable lo the charitable company through the use of permanent audit fi18 information, updated this year for any changes that have b88n identified by managempnt or by our own Investigations and considerfyd that the most significant 8r8 the Companies Act 2006. the Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council., we obtained an understanding of howthe charllable company¢ompli8sWith these requirements by discussions with management and those chaiged wilh governan￿ and through reviews of relevant 8ccounting and management records., we assessed the iisk of tnaterial misstatement of the liN8neial statements, induding the risk of malerial misstatement du8 to fraud and how il might owur, based on our worf( as outlined above-, we enquirod ol management and those charged with governance as lo any known instances ol non-complianoe or suspected non-compliance with laws and regulations, using associated documentary evidence lo better understand ilems of interest., based on this understanding, we deslgned specific appropriate audit proeedures to identify instanc85 ol non-compliance wth laws and regulations. As well as sp8cific audit testing, this included approaching accounting records wlh an inquisitive and scepli¢al mindset such that we examined items that were fell to be ol inleresl or of higher risk in this area, and obl8ining additional corroborative 8videnee as required. To address the risk of fraLJd Ihrough management OV81rid8 01 controls, we carried out the following work.. procedures were und8rt8kèn to identify any unusual or un8xpected matlers, and the rational8 behind any such matters w85 examined., journal 6ntries were reviewed lo identify unusual transaetions., judgements and assurnptions made in delermining the accounting eslimales set Okjt in thè accounting policies were r8viewed. There are inherént limitalions in the audit procedures described above. We are less likely lo become aware ol InStan￿S of non-compliance laws and regulations that are not closely relaled lo events and transactions reflected in the financial statements. Also. the risk of not detecling 8 material misstatement due lo fraud is higher than the risk of nol detecting one r8sulting ffom error, as fraud may involve delibèrat6 concealment by, for 8X8mple. loroery or intentional misreprés6ntallons. or through collusion. 24

INDEPENDENT AUDITOR'S REPORT TOTHE TRUSTEE OF ALL SAINTS EDUCATIONAL TRUST Use of our r8POrt This report is made solely lo the charity's trustee, as a body, in accordance with Ch8Pter 3 of Part 8 01 the Charities Aet 2011. Our audil work has been undertaken so Ihal we might slate lo the charity s trus188 those matters we are required lo stale lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do nol accept or assurne responsibiSity lo any party other than the charity and charit5ls trustee as a body, lor our aLidil work, for this report, or for the opinion we have formed. James Saunders Moore Kingston Smith LLP Statutory Auditor Date 10 December 2021 Devonshire House 60 Goswell Road London EC1M 7AD Moore Kingston Smith LLP is eligible to act as auditor in terms of S8Ction 1212 of the Companies Act 2006. 25

(ij o) ooc il

All Saints Educational Trust Balance Sheet as at 30 June 2021 2021 2021 2020 2020 Note Fixed Assets Tangible fixed assets Listed investm8nls Investment properties 288,000 16,029,616 3,312,000 338,495 14,528,108 3,836.505 19,629,616 18,703,108 Current Assets Debtors Cash at bank and in h8n(S Revenue accounts held as part of investment porifolio 10 74.777 164.587 81,929 154,492 441,468 301,804 680,832 538.025 Current Llabllltles Cre(lilors'. amounts falling due within one year 11 591,013 325,657 Net Current ILlabllitiesllA8set8 89.819 212,368 Total a$$ets le88 current Ilablllt18S 19,719,435 18,915,476 Creditors.. amounts falllng due after more than one year 12 6,872,564 6,779,528 Net Assets 12.846,871 12,135,948 Represent8d By: Capital Funds Permanenl endowmeril 13 11,776,709 10,979,833 Income Funds Unreslricled funds: General fund Designated funds 13 13 1.070,162 1.156.115 14 12,846,871 12,135,948 Approved and authorised for issue by the College of All Saints Foundatlon as Irusle8 of All Saints Educational Trust on 8th December 2021 and signed on its behalf by.. D. Trillo, Irector K. Riglin, Director 27

All Saints Educational Trust Statement of Cash Flows for the year ended 30 June 2021 2021 2020 Cash flows from operatlng activities Net income for the year Adjustments for.. Dividends, interest and rents from inveslmenls Inleresl received Interest paid Decrease in debtors IDecreaseyincrease in creditors and grant commitments IGain8yLosses on Listed investrnents 710,923 1951,3001 1663,7471 141 104,289 7,152 358,392 1902,2401 1759,9521 17591 134,334 54,662 1499,3981 1.360,536 Net ¢8sh used In operatlng a¢tivitl8S 385,235 661,877 Cash flow$ from Investlng activities Dividends. interest and rents from Investments Purchase of investm8nls Proceeds frorn disposal ol investm8nts Interest received Interest paid 663,747 14,403,797) 4,552,340 759,952 19,353.0991 9.301,305 759 1134,3341 1104,2891 Net cash from Inv85ting actlvltles 708,005 574,583 Cash flows from finan¢lng actlvltles Bank loan repaid 121.6981 Net cash from financing actlvities 21,698 Change in cash and cash equlvalenls in the yèar Cash and cash equivalents al beginning ol year 322,770 821,000 1108,9921 929,992 Cash and cash equlvalents at end of yèar 1,143,770 821,000 For the purposes of the Cash Flow Slatement, cash includes cash at bank and in hand, revonue account held 88 P8rt 01 investment porifolio and the Cdpilal account balance held as part of investment porilolio as it is these other accounts through which investm8nts are purchased and sold. 2021 2020 Cash at bank and in hand Revenue account held as part ol investrnent portfolio Capital account balan￿ held as part of inveslmenl portfol 164.587 441,468 537,715 154,492 301,604 364,904 1,143,770 821,000 28

All Saints Educational Trust Notes to the Financial Statements For the year ended 30 June 2021 Accounting Pollcle$ The financial 8tat8ments have been preparéd in accordanc8 Wth the Financial Reporting Standard applicable in the UK and RepubliG of Ireland IFRS 1021. The chaiily is a publi¢ benefit entity for the purposes ol FRS 102 and therefo￿ has also pr8par8d ils financial statements in accordance with the Statem8nl of Recommended Pra¢lic& applicable to ch&rilie5 p￿ParIng Iheir account8 in accordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland IThe FRS 102 Charities SORPI and Charilies Act 2011. The flnancial slalemenls are prepared in sterling which is Ihe functional cuiren¢y of lh8 charity. Monelary amounts in these financial stalernenls are rounded lo the nearest pound. The finan¢i81 slal8ments h8ve been prepared to give a 'true and fair, vlew and have departad frorn the Charities IAc¢ounls and Reports) Regulallons 2008 only to the extent required lo provide a 'true and lalr vlew,. This departure has Involved following the Accounting and Reporiing by Charities". Statement of R8comrnend8d Pracli¢È applicable lo charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 rather than the Accounting and Reporting by Charili8S'. Slalemenl ol R¢¢ommend8d Practice eff￿live from 1 April 2005 which has Since been withdrawn. The Irustees hav8 asses58d whether the use of the going concern concept is appropriat8 and have conside¢d possible events or condllions that might cast significant (5oubl on the ability of the chaiity lo continue as a going concem. The trustees hav8 made this assessmenl lor a period of at least one year from the d8t8 of the approval of these fin8ncial stalements. In particular. Ihe Iruslee h&s considered the charily's foreea51s and proje¢lions and has taken account ol pressures on investment and ienlal incom8. In making this assessment the trustee5 have considered Ihe impact of Cowd-19 and whilst investment incotne streams have been aff&cted, these will not affect the charity'5 ability lo ¢onlinue ils charitable oble¢ls. Aftar making 8nquiries. the Irustee has concluded Ihal there is a reasonable expectation Ihal the charity ha5 adequate résources lo continue in operational existence for the foreseeable future. Th8 charity therefore ¢onlinues to adopl the going Con￿rn basis in pr8P8ring ils financial slalem8nls. A summary of the principal accounting policies adopted, judgements and k8y sources of estimation Un￿rtaInlY, is S81 out below. lil Tangible fixed assets, representing olllce and computer equipment are written oll in th8 Ststemenl ol Financial Aclivi118s in the year In which the costs are incurred. In the opinion of th8 trustees, this policy is appropriate given the modest office f8eilitie5. Fr8ehold properly used as the Trust's Offi￿ is capit?li5ed at valuation and reviewed annually lor itnpairrnent. lill Investsnenls held as fixed assets ara revalued to fair value al the balance sheet dale and the gain or loss taken lo the Slalemenl of Financial Activities. The carrying value of the investment property is shown at estimal8d market value based on advice re¢giv8d from the charllls properly advisors. In the opinion ol the trustee, the Carrying valu8 is not rnaterially diffe￿nt from lh6 rnarket value at Ihe balance she8t dale, alhough il is acknowledged that there is a sign￿fiCant d8gree ol uncertainty in the commercial property mark8t. The element ol the investmenl property Used a5 the Trust's office is recognised as an os%Trralional fi'xed asset and is not d¢precialed. (Sill Incom8 from listed Investments 1$ r8cogni5ed when ￿CeIved by Ihe inv8Stmellt manager. Any related taxation recoverable is accounted for at the same lime. livl Rental inetsme Is ¢￿dIted lo th8 Stalernent of Financial Activities for the period to whlch it relates. Ivl Grants for educatlonal support are 8ccounted for a5 expenditure in the year In ¥whlch the ¢ommllmant is made and Communicated lo the recipient. Where grants ar8 awarded for periods of more than one year and thè Trust ha8 no discretion over whether sub88qu8nt instalmenls ol grant are paid, thosè inslalmenls are shown within creditors.. amounts falling due after mre than one year. 29

All Saints Educational Trust Notes to the Financial Statements For the year ended 30 June 2021 Ac¢ountlng Polici8s Continued Ivil P8n5ion costs charged in the 2ccounls represent the contributions payab18 by the Trust during the y88r. Iviil Support costs Comprise thosa costs of running the Trust's activities, including g0Veman￿ cosls. Ivlill The Permanent Endowment fund represents the Trust fund ¢apilal which w8s derived from tho n81 proceed5 fiorn the sale ol The Co118ge of All Saints logÈlhèr with various other pioperties. The trustees have revlewed the status of the capital funds and h8ve determined that these should be recognlsed as perrnan6nl endowmenls 35 tjelined under Ihe Chgrilies SORP. lixl Qlher financial instruments. Cash and cash equiv2lenls.' Cash and c8sh equivalents include Cash at banks and In hand. Debtors and credilors.. D8blors and creditors are ¢arri8d at their transaction price. 30

All Saints Educational Trust Notes to the Financial Statements {Continued) For the year ended 30 June 2021 Income from Investments 2021 2020 Income fmm li818d investment$ Rental income Inl8r8st received Olher income 487.462 176,285 559,299 200.653 759 43 663,794 760,711 Charitable actlvlties 2021 2020 Corporate awards committed Corporaie awards released in the year Scholarships and bursarles lo Indiwduals committed Scholarships and burs8ries lo indiwduals rèleased during the year 309,023 110.5301 257,808 1,84Q 554,261 5,500 Ig021 2,150 20,3951 113.6471 Associated support C081s Inota 41 70,184 624,445 77,757 64.110 Th& Irusl has laken the available exernplion nol lo disd08e the names of grant recip*nls. Analysis of corporate awards. scholarships and bursari88'. 2021 2020 Paid or adjusted in the year AwardÈd 2nd paid in fin8ncial year Payable within one year Payable in 1 2 y8ar8 112,3701 121.2971 2,150 5,500 420,845 145,786 554,261 13,647 Associated support Costs 2021 2Q20 Staff costs Inote 81 Bank charges Heal. light & maint8nance Less inv8Stmenl proptsruon Office expenses Telephone Insurance Les8 invesltnent proportion Olher exp&ns88 Governance costs Awounling and finan¢lal support Meeting expenses Auditors, remuneration- Inote 51 Legal 8nd professional fees 36,578 1,350 4.932 14,5371 3,816 492 2,126 11,9561 65 39,163 962 13,101 112,0531 3,358 741 2,707 12,4901 71 7.948 18.472 1.290 8.000 5.223 78,545 10.775 8,595 Auditors remuneratlon Auditors. rèmunèration for audit servlces.. Auditors, remun8r8lion- re current year Audilots, rÈmun8ralion- re prlor yèar 2021 2020 9.375 1.380 10,755 8,000 8,000 Non-audlt servico5- Payroll Bookkeeping and accounling VAT ad￿ce and support 1,354 11.453 3,862 1.354 31

All Saints Educational Trust Notes to the Financial Statements (Contlnued) For the year ended 30 June 2021 Slaff Cost$ 2021 2020 Salaries So¢ial Security Pen510n 35,696 37,391 870 902 882 36,578 39,183 The charity had 1 eM￿Oyee during the period12020.. 21. No emp1oyee12020'. none) recdved èmolum8nls in excess of £60,000. The key manag8m8nt personnel of the trust compris& the Dire¢tors and the Clerk. The lolal amount of employee benef5ts (including employer national insurance and pension conlribulionsl rec8iV8d by key management personnel for th8ir services lo the Irusl was £36,51812020'. £40.1321. During the period no payments were made in respÈct ol Trusl885' rernuneralion12020.. Nill. Travel and oul of pockel expenses amounling to £Nil12020.. £1,222) were reimburs8d to 012020.. 111 director8. Tanglbl8 Fix8d Assets 2021 2020 Freehold building al valuation At 1 July 2020 Rev2lualion in th8 ye8r AI 30 June 2021 338,495 50.495 2BB,000 338,495 338.495 This rep￿sentS the portion of the freehold invèslmenl property that IS US8d as the Trust's offices (see note 91. Llsted Investments 2021 2020 Mark8t value brought forward Aéd.. Acquisitions al cost Less.. Disposals (Proceeds of £4.552.YO R&81ised gain of 2427.9041 Nel Ideflcitllsurplus on revaluation 14,163,204 4,403.797 14,124,436) 1,049.336 15,491,901 15,471,946 9.353,099 19,593.1901 1,068,65fj 14,163.204 Cash account balances held as parl of investmenl Portlollo 537,715 364.904 Maiket value carried forward 16.029,616 14.528,108 Historical cost at 30 Jun8 14,545.665 14,215,001 32

All Saints Educational Trust Notes to the Financial Statements (Continued) For the year ended 30 June 2021 g Investment PropertlÈ$ 2021 2020 Market value brought fotward Change in rnarket value 3,836.$05 524.505 3,836.505 Market value ¢arrried fomard 3,312,000 3,836,505 A desktop revaluation exercise of the invÉslmenl property al 30 June 2021 was p8rformed by B8rtie Arkwright MRICS, of John Arkwright & Co Chartered Surveyors. on 24th Augusl 2021. Thi5 15 on the basis of op8n market valu8 and confirmed the existing valuation. The elernent of the building Ihal remains in use by the Trust itself is included In fixed as5et5. The historical cost of the ertlir8 building is £3,287,280. 10 Debtors 2021 2020 Rental debtors Prepayments and ac¢rued income 15.608 59.169 21,872 60.057 74.777 81,929 11 Credltors.. amounts falling duè wlthln one year 2021 2020 Grants commilled bul not paid at the end of the year Accrua15 and olher cr8ditors 473,595 117,418 197,648 128,009 591.013 325,657 12 Credltors.. amounts falling due after more than one year 2021 2020 Long leitn loan Grants commilled but not paid 8t the end of the year 6,726,778 145,786 6,726.778 52,750 8,872,564 6,779,528 The £6,726,778 loan is se¢urgd by a f1xed and floating charge over the charily's inv88tments and cash deposils held with tha inv8slrnent manager. Although the loan is theoretically repayable on demand. Ih8r8 IS no indication that the lendei will call in the loan within Ihe next twelve months. The total la¢ilily available under the loan is £7,500,000. Int8rest is payable on the loan al LIBOR + 1.5 /0.

All Saints Educational Trust Notes to the Financial Statements (Continued) For the year ended 30 June 2021 13 Movement on Reserves Unrestrict8d Funds Designated Endowment Funds Funds 2021 Total Curront year Fund bal8nca8 bioughl forward 1,156,115 10.979,833 12,135,948 Net income I lexpendilurel 185,9531 1101,4861 1187,4391 Gainsl Ilossesl on investment assets Fund balancos carrled forward 898,362 898,362 1,070,162 11,776,709 12,846,871 Unrestriete(J Fund5 Designated Funds Endowmenl Funds 2020 Total Prior year Fund balanc8s brought loNard 642.998 12,444,250 13,087.248 Net incornellexpenditur81 513,117 1104,6041 408,513 Gain5 on Investmenl assets 1,359,813 1,359,813 Fund balances ¢arried forward 1,156.115 10,979,833 12,135,948 14 Analysls of Nel A88et5 between Fund5 Current year Unrestrlcted Designated Endowment Funds Funds Funds Total Flxed assets lincludlng inveslmenlsl cur￿n1 assets Creditors alld grant commitrnents 19,629.616 1944,4701 6,872,564 19,629,618 680.832 7,463,577 1.625,302 591,013 Totsl net assets 1,070,162 11,776,709 12,846,871 Prlor year Unreslricled Fund5 Designated Funds Endowrn8nl Funds Total Fixed assets lineludlng investments) Current assets Creditors and grant commitmeTrls 18.703.108 1944.4701 8,779,528 18,703,108 538.025 7,105,185 1,482,495 325,657 Total nel asset5 1,156,838 10,979,110 12,135.948 34

All Saints Educational Trust Notes to the Financial Statements (Continued) For the year ended 30 June 2021 16 Leaslng Commitments At 30 June 2021 the Twst had outstanding eornmitments for future minimum lea$8 payments under non-¢anteliab18 opeialing1Èas8s. as follows.. 2021 2020 Amounts payable Du8 in less than one year Oue in two- five years 954 954 954 1,90B 1.908 2,862 2021 2020 Rent Recelvable Due in less than one ye8r Due in Iwo- five years 221.995 651,272 207.995 873,267 873,267 1,081,262 17 Flnanclal Commltments In the 201812019 finanGlal y8ar the Trust mad8 a fin3nual commilrnenl for an inveslmanl of up lo USD 2,O¢J).000 in private equity. Total capital Calls in the year amoumled lo USD 227,000 (Total.. USD 582.0001. 35

ALL 8AIN'fs CiDUCATIONAL'I"RUST FORTY-Sb.COND ANNUAL R￿,PORT YF.AR ENDf4 J).III" JUNf. 2021 APPENDIXA LIST OF INON-UK COUNTRIES APPLICANT'S AWARDS 2021-2022 Ghana (2), Malawi, Icenya, Nigeria (2), Uganda 36

ALL SAINI'.% LIDUCATIONAL'I'Rb'ST FORTY-SEICOND ANNUAL, Rb.PORT YEAR fi.NDED 30" JUNE 2021 APPENDJX B CORPORATE AWARDS Nan)e Link Director Awai'd l. Bi'itish Nuti'ition Troiindation 2. Nati'e-New to Rr. 3. Pi'ioiy Scliool 4. TIEes foi. Cities 5.SMWW- Taniania 6 Weslcy's Cl)apel 7.Wiiidlc .1 rust 8.Woinen's Educatioi) Pai'tnei'sliip 9. Wiilugu l O. Univei'sity of Bristo I l. Univei'sity ofcape Coast 12. Univti'sity of P.xetei' 13. University of Gla%gow L. Davics D. Ilolloway F. Sinitli tba D. liai'land B. Harvey A. Leeds D. CJai'latid D. Gai'land B. Haivcy K. Riglin D. McCI'e2 and A. Lccds A. Leeds £39,65a £20,000 £750 £1 0,000 £5,000 £20.JOO £16,625 £6,oao £6,785 £22,018 £19,470 £32,159 £15000 £213,457 37