SE I, ACEJ t. 8.2.2k edk ts EducatEonai fnLrt KNIGHlllIDER HOUSE 2 Kf41GHTRIDER COURT LONDON EC4V 5AIi FORTY. FOURTH ANNUAL RIPORT AND ACCOUNfs YEAR ENDED 30" Jt)NE 2023
AIL SAINTS EDUCATIONAL fRUST FORTY. FOURTh LNNUAL REPORT The Trfjtee- The colle of All Saints foundation of two Middlesex educational The College 0£ AJI Saints Foundati¢)n is a chaTitable COLELpanyliuutedby guarthtee. It was incoryordted in 1964 to 5UPPOrt the work of the merged College formed ITh that St Katine'S College Tottekn was ounded iti 1878 orL the iniliative of the SoaetyEorPromotins(hristianKnowledse (SPCW; Beidge Hollse Hampstead in 1893 on the irritiative of what is now called the NatiOr Soaety (Church of Engla) forPromtitingReJigious EducatioTL ]n19(A these itistitionS merged to create the The Foundationis SOVerL bythe Coun£il College th All Saints. This dosed in 1978. of ManagemeTht Ico3JoquiaJly referred to as SO and students fzansferrins to the Boa). Refiecting the ori8Tns of the conskntuent instikntioDS of the Nfjddlesex College's PredSs0r InstitionS, four Polyteclmic, whose funrtion Iw sinc2 members ofthe Board are appointedby the passed to Middlesex University. The site SPCK 2nd the Natiorolsociety. was bought by MIae$eX PolytedwJic 2nd llwnlrs aPpOited by bDdies with the cy-près app]ication to follow, as representins the Colle8e's past Sdents ne as possthle, the orivrthl interLtions the co]leges kn the use OE the e perThitted it to accept Fzoperty held on 8pecE&c trusts and to administer the atcordingto those tnsts. The Foundation's Articles Iniost reY aIndea in 2019-20201 allow the Board to c(Fopt a¢iditional Mernbs and empower the Bishtsp tsf London to appoint The Tzttst andits 8oYernins Scheme A Schememade by the charity col]$$iMers on5thFebrEwyIY19 providedforthe thaxAty a&setsbeaduJiztered asa simgleclwityvnderthetitIeA]ISaints Educational TrL& The1979 Stheme (amended in 1995 as rewds investnt poweTr) Tem2ins the s0venng instrnmemt of the thlty. Jnstead 0£ operattftg a college. the eknity now ?ageS and app]ies assets representins the proceeds ofthe 8ales of the fortneT colle8e premises inTottth and other hmds iTtherittd fTrtyL its Prede$s01%. AltFLOU8h these assets have occasionally been au8rnentedbygtsandlegaaes, itdoesnotraisebJndsfromthepub]icThe hemeappointed theFowdation to b2 the charity trllst. Underthekne, netclwityincome xsto beappjiedinfhe advanceowttofhishet OTfwtl education orboth. In applying income,the Tnstee isto'actirnsuch allIller &swill advance education in accorda with the dodriTW, rites and prarti of the Chvxeh of Engld or of a churth in COJllULWllQrt with ig. It is to have trgard to the needs of trainee teachers, particularlythose at what isnow MiddlesLun1versXty, and to the advancement of education itiethnically diverse areas.TheSckne identifies certainways inwhichthe TntstincoMenY iE used to adVae hJrtheT or highet edllCati but this may also be acFaeved'in such otiEr
ALL SAfNIsKi)UCATIONAL TRUST FORTY.FOUATHAh7AL REPORT YEAREKDKD 30th Jur4E 2023 ways as the Trnstee may horn time to tittle deteTron¥. The eTKTnwated ways (somewhat abbreviated) a (a) Jnalons srants enab]insactual orpokntial education stalEto pursue eourses of studT, (bl Other womoting their education and trainin {c) promotiTts reSeah in, and development of. educatioN particuIarly in home etonornics and rejigious suiry'ects; (d) protyiding teathi classes,lecEuts, bcm)k5,hb1es. ar oth resOuw. and (¢)proFidingand condttttins a thaplaincy for thdents starf of the MidaJe5ex Polytrchxllc lor assisbng dre1). (At presern¢ however, Middkex uniVeity Poli is to make no re]iwvswovisionunder the universitys auspice6.) The Board and its Comwthttees The Foundation atb Trustee through its Maagernt C07mittee fthe Board1 whose memEers dulins the actDvrLtin8 year, with the basis ynd term of their appointmaLt and the ConlttS onwhich they serve, wvte as foJlow5: The FOndatiOn elects, inGener21 meets DiTrckn nominated in accor& with its Artides of AssoLlatio The lonsest.serving one-third of the nominated Directors retire by Totation atthe of eathAnnual Generalmeetingbut axe e]isibleforre-norDinati Date ofAGM ScoetyEorthe Propagation of ol$tiaKnoWIed Bishop'5 Councll of the Diocese ot London National Saoety 2021 Fire ProfAnthonyRfkeds MB BS CBiolFIBiol PNutr MrDerekHo]lowayBEd Award5 Aw8rds MzftEchad C JatobBSt MA PG Nationalstitity Awards The Bishop Of Londi)n 2021 Fitian Ivfts ReblF8}inSm B S(xietyEorthe Fropagtionof tianKRowled The Bishop's Cound Awatds PG,TrllH Mrs Frdntts M Srnith CertEd 2m s(iationof Past MeTnbers ReSId 1st Je Awards
ALL SAINfs EDUCATIONAL TIiUST YEARENDED jo"JE 2011 The Board Y cwpt additior Directors of the Foundation for any tern llp to three years. One ctropted Directormustbe a scholarfornierly silpportedbv a &rantfrom the frust Cwptions take effect at the dose of the meeting at wbicEL they aTe decided and expire at the close of the <oThpondjg meeting in thè &ir5¢ second or tlurd year thereafter, as the Bd may decide. Any co-tspknon may be rthewe Name Date of B(XTd Meetills when 1&8t c Tern ftsrWth 2021 3 years Awards MrAndxewNfidgley BA FC fy DavidWfjsonLLB, Appointedl teuther2022 Covetnance 20 Mrstephen MBrookerMA FC FIxLCe Gove 2022 2019 Mrs BaTbataEHaTheyM December 2021 (seè above Govemmte 2019 h£A Di AWd$ 23November2022 The Board three Conwiittees, every Enerober seNing on at least one. The Finan comlttee nornlly meets in October and in March or ApriL Aided by an veStmet Su Conunittee it secures the delxvery of policy obiectives by en$inS adequate rÈsourc iti place to llt tkn Zt appoints the Trusys professiorol investtnent thaer$. amd The Covert coti)1ttee was constituted in December 2021. ItsreTrit is to ensure that the Foundatio4 its Board and Co)Jullittees are constikntsd and run in a manner consistent with be5t.practice in ¢11ty 8overnantr having to Charity ComThission cOnYnaati0n$. workin8 in a transP8rt Ther and eStablishS good. clear. prompt COllUllUTucatsottas then0 and to proposeto the Board any chÈnses wkucELitbeJieve thelaw or best practice requtres.
ALL SAfNTs EDUC41TONAL TRusr FORTY-FOURTE ANNUAL 17EPORT TheAwards Conunittee enst]res tbataward app]icatioDsaTrpropeTlyscnknised and sdeded. It utrets annually in the spring and rokes award recoLnmendations, incllldins recOrendatioS fr>r Corporate Awardslor approvalbythe Board. In April 2020 the Boardrnade a Resolution attthorAsin8 its conunitt&S to meetTrmotelyrather th8nirLpersorL Thiswasnecessitatedbythe coaPade11e,btttteRegUlationispetManeThl At the same till, sintt the Bd could notauthoiise itselfto n*reuLQtely, ltestabjhed an Emergency CouLnitteetowhithit deletea all itsown powers so lonsas meetingrestrictions eyisL The Enwcy CozKWlittee has thesamemembership dstheBoard, butknefits fromthe Re8uLation a]lowiThs CoItte to meet remotely. Even thoush physicat meeb4tss tsf the Committees have re5vme¢ the Board de£ided notto res(ind the Regujationwhich 8]lows the Emergency ComThittee to meetremoteiyin the £uture, i£necessary. TheBoard meets twitt a year. In November Iwhui the c¢)mpany A1u General MÉetins of the Foundation AS also held) it receives a wort from the Fxnance Comnllttee, considers and approves the draftAaU81 Report 2nd Accounts d the Tr¥Jst for thekntaj )sthe previous ]tte. and appoints auditors for the next financial year. tn May/June the BoaTd receThE5Teports &om all COnIttee5,TeV1ews theTJJts¥s artiVIti and finantts inthe CLUTent year, sets policy obieetÉves £or the ensuins year and beyond and considers award recodationsE0I endorsement and approves corpozate aWdS. On appointllLent eathnew meDther of the Board i5 s]lea vrith a copy of the Foundation's cortstitutioty the governingScELeme, the L[$t recentReport andAccounts and directed to relevant awity con510Th pubjicatiors for trustee4. Inductio a meeling the chairn or the aerk is tsllored ts the individu Italang into accouttt experi andexistsngexsyertisel. OpFortunitiesEor on.goin8'trainin¥ are ta&enat3ntervals,someti with the help 0£ the Tntsvs profesSEal aclvi5er& Tntpox1cY and prattite illthe mana8enientof assets ¥na appIicati(Fn of income Tn SUPPOTtsng educationfrom the Tt'S income, the Foundation as 7)e]iev& itself to be cÈrLyins on the work of the predecessoT institution& The emphasis d its 8Tant.maling po]icy is therefore orL the teaching of rellsious Subjects {a Particu concern of St KatEorine's College) and on domestic saence (the rnainf(LILS of BerridgeHou5e, now home economies or desip and teclmologyl. JTrdividual are rL¢jllnY made to those aspiIin8 to teachthese subiect5. The 0tts and review of actsTrryties which follow indieate ynmore detail howthis policy ts xJnPlen1ted. The Trust 2ssets are therefore mwed in suth a WAY as to ]naXIr {a8 far as Prnaen Tr%ryIl llowl the STh available f£ distribution in corporate and individual awaxds each year. cent investtnent, fimanaaL accounling and Iisk mana.tremerLt poIicies appear iTL the pages that follow. More detail is wen ixtbeReview ofActritie
ALL SAiffTS EDUCATIONAL TRUST FORfY.FOURTHANNUAL FEPORT YEARENDED 3@ JUl4E2023 The FouThdalion appoints a company seoTetw, who acts as aerk to the Foundation in its Trusteerole. hfrKD.MitchellBA-Solialor-serve5inthis capaW.Dayto daybookkeepins ts tsutsovd to Accountsbiiity Europe timite(L The Trust does not engage in active No eomplaints In relation to funthaisiDg activities have been tlved the perio(L Offie&' KnlgfAtrlderHouse 2 Kuigbtiidercourt Telephone: 020 7248 8380 2set@&8eLorg.uk Web sits.. EC4V SAR Ba]dtsr5: CAF (Ch2rirfts Aid FOld*) BankLtd 25 King5 Hill Avenu¢ Kiugs Hijl West 19 4JQ Birketts ProTridenceHouse 141-145 PzinG¢5 Street Ipswich Suffo]k iioJ tnve5tmentMa 5 Broadgatr endentAuditors: Mvortlthigston Stryith Lt 9 Appold StrEet IndOn John Arkwrigbt & CD 115 MouDt StreEt London WIK3NQ Accountants: EuroptrLimited 3941 NottbRoad LOlldO N7 9DP
Ati SAJNTS EDUCATIONAL TRUST FORTY. FOURTHANNUALREPORT YEAkENDED 30•JuNE 2023 OF us The Board maintsiu5 weed polities on tllvestuent Str8tsgy. Risk MaDagerneoL Resee$ Grant.Makiug 2nd AccouuliD& together with po]iGies on accepting Gifts aud EutertaitirneuL ProcureLuen¢ Safe8iwding and D8knProtIioD AU politics are reviewed orl a rollillg basis to ells 31 Decemb¢r 2021, tbe TDJstets adopted a tat41 r¢ttJtn approach to inv&%tneot and 0Ved from the previous ineoine focbsBedapproach. Gr2UtspendiDg is exwt¢d to be ata 2atio of 8tound3% per The IuvestsJont objedives at0." Maijjtsin there vaJu¢ ofthcTnJsVs illvestment &$5ets wh]1¢ secknu& xvithinth¢riskparatll¢ts setby the fm¥tee4 opportyuities forcon5idwatioll tsryth & view to itiCTeasingthe real value ofthe assets Withiu certsin iiskparameters to n)axttDiSet0 re and therebyto foud thel6v¢Ls of xpeodititye approved by tbe Trtre InptThiing tbcse objectiv4 the foIlovqtygroJicies aTE appli&L. The portfolto include aproportion of fixed interestgnd couvertible 5eouitics to prmid¢ se¢wity of incoll ¥nd capitaI UTJdiknTrbted incomtin wyear cau bemade available fotdistnlwion in SubseqL1tYe1 sllbjectto the ovcr2ll tt2aintellanoe ofthe real Nxlue ofthe portfolio Fu4L% shdb¢ investe4J tsprovide4n optimutu leY¢l ofoverau withthe levd ofrisk egreedwith the Trusvs investmentllwby the Invesknent su1COn)lttCe (7S-C) The ityvestment anaermybe free to invest attheii discrdio4 subjectto tht Tnt, StyaiJ)able alld etbical inve5tsn¢ntpolicy atLd gjxy otherguidance froln th¢ t&c Thc Tn will FJOthol(t inve5tslleDts irL FDthr¢s oroptiou COlllTrcts orsimilar iL4tnTrJents. The followiDgproce(bJre$ are follow.. The wryjl appoiut att IS.C of at least threeJJwmb¢rs drnwn from tbe membership offhe Finance Cowmittee. Currcndy. and iu tbe rmtpa¢ allffjeffjbo3 ofthe ¢oromittce scfft xntbis capaoity The IS£ wiJlmeetMrytb the illVthi¢ntFnallager at l¢ast tv/t¢e eachye¥to r¢vi¢w the TnJst'$ porth]ios. and eL¥ure an adeqoate spread ofrisk 8ndaD approwiate baknce of equityaud fred The IS-Cv/ilJ eA5ure tbat the irLvesth¢ntwanagerh&g a copyofthi$ policy and a clearmritte tement oftbe level of risk cojjsidered acc¢ptsble fortheirportfolio The IS-C will establish bellchTll8 to ¢nabl¢LIt0rJti5 of portfolioperforwnce in re]ation to The will re¢eiv¢ v/rittett quarterfyrepoÉts froru thE ityvesttuent manager on the compositioti sndpzow of the TnL8V$ ftm(ts
ALL SAllYfs EDUCATIONALTRUST FORTY.FOURfA ANNUAL REPORT ITARENDED 3J[[NE2023 The IS-C'S a¢tratiO1$ decisiotys inco4Jorated in th¢ ZDintres of the Fillarce CoDJnittee ¢ticulate4to all Directors Tr rxL¢s 8nd investsnentpolities are desigts¢d to balance the rAetds of cwrentaTLd tur¢beDefi¢iaries. This obje]ve is pursttedtbrougkn abalanced porfo]io ofsnve5tments Trthicb aiJJJs io provide longtenn WStsiuabl¢ as well capitaI protectiorL2nd The ov¢lliding objective of tb¢ illvB5ttneDtpo]icyh&s beento meintain tbe capitaibase in re8Lttrms 'erthe Iollg t with the an¢ilI2ry obj¢Gtive ofmaitiraining irAvestmellt illCOllE 2tthebigbest level eonsistelltwith achieviDg tbe 0v¢rridg objeclive. Remuner4lion Po Th¢ FillauGC Comlnittee atmllaltyTevtews rtmuDeratiOJL The govcrning prAtteiples ofthe TnJst'E rerysuuera(ion policy are as follows: To ellsur¢ d¢]iv¢ry oethe Tn¥t's obie¢tSVC5 To 2tts8¢t 8Ddrtsin a JnotivatedwoTk£orcc Thryththe skills cxpCrtitttCtt2ry for org8Disation81 effcctivcness Thatrernunmtion should be tspit3ble alld cobctellt To CODsiderthepUOses, atin$ 8tsdvahs ofthe TnLSt To ¢Jsur¢ tbatpwleve]s paY]¢T¢8SCS are appropriatr given thepritiJa¢y of cknitable t.rtMking The Thjstee CODsidets the]llajorIisksto wbiGhthe Tti% erpos¢( an(Ibe]ieves that systfm5 are in place tbatwill ltigate those risk4 follgw5: RISK POSSTrLE ACT MEASURES TO MtNLNITSE IUSK tLsufficientJJoll¢yto C108e regcdar contact withJnve5tment Maoag¢r. QuarteEly Valuation r4. Sup¢Tri5ionby experiEnccd Tnvestolents MoDitonDgGrow).
LLSArs EDUQ4TIONAL TRusr FORTY. FOURTh ANWUALRETrORT Falluxe to boneur&d supEort the ainLq of the Charity by. forexample, athorising avords outside th¢t¢nns of reference Objeets ofthe ¢]JaTity. orby ot tsking adequate steps to collfirm the probity oud C]1111ty of apotenti award4 whetbcr goveD)Èuce, le2diDg to reputational Expert DoJLiuat¢d Or¢0pted members. Reweetings, all fjY minut¢<L PubJicatioJJ of awards in the ArtllualliepoTL . Comp¢tence inteIty of Trtjst employ¢¢s FrdudulelltusdJnisu5e of ReRul&r4)oztiug to CoTrmittees and to fiJlL Board meetings. Segregation of duties applied wh¢repossille iDcludwg appwval ofPa)ents. Aal review of offic¢procethw Seclty cojjtrols by Fittati attention to needs of pot¢ntial b¢fiCIaTieS. 4. Suddett loss of recor(ts OE petsoJtt¢l Di$lltion ofpro¢th8, iuteIruptioll of chTtable activity. EsselltiaLr zrew8irLtaiJ¢diJn computers atsdarc alltornatically backed up. SoDe overlaps inp¢r50nai skills and systems aw2rens%s. 5. S of illvesbmt Disrtyiouof proc&lures, 105$ of office and interThtiM to activities. E¢¢lesiastical and with Aviwa Iliskmallagemtt po]icxe5 8ndproGedutes are reviewed aonuallybythe FinaDceCommitte8, reporting to theBO BoardmembM5 completr a regt8ter of Taterests and aTeIlr¢d to show if there is auy eoDfict of illte Ths is reviewed antsuatly. The Tnt'S coTrmiknkellts arepmvided in full in thefi£allcial staterllents and therefore do not ¢oDstitt part of tbe rest$. The Ttust's poliry is to Jllaint2iu free r¢seThres at an 2UOUllt ¢qUalent to six month's operating wenditure tog¢therwith aOt of £50,000 to allow for lluEzpected TrTari2tioJJs iry investru¢nt illcome or em2rgenry gr8 assistance. This equates to aPproxi1¢1Y £125.000. At the ba12u¢e sheeté4t4 free rYeS were repr¢Eentedby the Trust's ijnrestriGted fiwd5 wbich allloutedt0 £IU,606. The swplus is wectyl to be utilised to lljaitttsilltbe fnst's fithre waAt-mthing capacity ov¢r a period whcre investtllent retvms are JLor¢ volatile. Nvhile re5ervcs ar¢ held wimarily to cover 6 roonth5' Orthtiaryruntiing Itr¢s. they also be availthle to covera severe aDdUML dip i illY&8tmellt The TTUStet8 tak¢ tbc View tbatthepresetstrisks frorL glob31 insecurity (prncipally in E&qtetll Europ¢ aJd the MiddLeEastan(Lth¢ South China Se4 areas)iustsfythepres¢lltbigkn leveL
ALL SAINTS EDUCATIONAL TRusr FORTY. FOURTh ANNUALREPORT YI&RELYDKD 30"JtiNE 2023 Gr4n1-ml The object of tbe Tn i& as prcsuous describ on pag¢ four to advBnce ]Jigber orfurtheredu¢8tion or both iti on¢ ormore ofthc relevautwayslsste The Award5 strategy aTd ltla[epllbJ on ourwebsit4 sp¢cificaUy the tau Support those intendiDgto pSe. A proftssioJai teachittg quaIification leading to Qoatified Tea¢h¢r Sta, stth &% a P05t Grathte Ceruficate ID Educatioi A classtoom.based trainill¥tobecottTre a qusjificdtcachcrsuch as, S¢hool¥centr¢dinitl tra¢h¢r A first dtt whichb25 QTS (or eqtiival¢nt) ats ]llteI eOrnPOllent" A hi8her d¢gree or fiuther quat]fication for att euting tsacher's profrssional dev¢lopmcnL directly r¢lated to sobool c]a&8rooTrpcrf0rm arldlor iti order to adv2u¢e within tkn teaching profession" ThCTrSt doesDot petSQDal awards to those itr¢Ddillg to punuc: A'fOundlOn. orfitst-d¢greeproew1¢hdOes0ot1llClllde QTS auIllt2aI ¢omporLetti A higberdegree orfitrther qualifitration Fryththe intcntiottto join thc cducalional'civil serrice" A doctoral d¢Breeto cauy out eduClonre1#ltdre5eatcnotr¢1tw3llt to Cla00teacb3tt8. A de¢ or dew<quiv8lent qu8lifi¢atioJJ the itst6ntion of ¢easiD8 to b¢ a wofessional clwroompractstioncr A degree re]Ated to 7ML.school classrooJn.b&8tyJte8chxllg &g., TESOL. A theolo8icaitsiiing or cour5¢ of stody, Cow Aw2rds arc llde forprojects aim&l at supporkng thosc intendttig to teach atprillw school Jev¢L or to speGiaJi5e itt school tEachiDg at ally level in Religious Edllcatio Homc Econo3(5 (including food alld nuttitioll educatioo)" Desigtt 3ryd Technology (including textiles). This sUPPOrt c ittc1udetheprov55ilOftsiIng{IncludIQg¢0I]llllOUSprOfeSS1Otsal developm¢ntl. clL8SFoomandooIille Sthtemen¥ o Tn&stteRe TheTn aclingwidtt directioll of th¢ Board is r¢spon8ibl¢ forpryaTingthcAnuual Reportznd the fiusncial stateThellts in accordce applicable law and UDited Kingdom Accounting Stslldards (United KxrLgdollL Genet8Ily Accepted Acc<)uutiog Practice) inGludtDg FRS102 'Th¢ Financial Reporting Standardappiicableinthe UK a]JdRepublic of kel¥nd'. The lawappIicable to GbaTilies in Fagiand & we$ rre8C ImLstset(I pr¢patc fiuaD¢ial ststewtnts for each fi]JaU¢ialyeWb1¢h giveatrue and fairviewof the state ofthe affai ofthe etsity and of thc KDcoming resovrcts and appIication of rc50urces of tbe charity for that p¢rio(L IJ prepill8 tbcse sclectsuitable accountillgpolici&8 atsdthtn apply th¢m coJ]sistBndT.
AILSAtNTS EDIICATIONAL TRU
APORTY.FOURTHANNIJAL REPORT
YL4RELYDED 30ty m2023
observe the m¢tbo& aLd prjnciples ill the Charities SORP.
make Jllage¢nts 8nd estimat¢5 that are r¢a50nable attdpKudent
51ate whethtrapplicable acCoting standar(ts. iDcludiag FRS 102, have b¢¢nfolloweQ subjertto
any material d¢partUEes discloseaand explaiuedin the fitsanGial statcments,.
pr¢pare thefiDanGial statemettts ou the gosn8 cotr
LL SAnYIsEfJucATfONAL IRUST FORTY.FOIJRTh AJYUAL REPORT YEARENDED 30. JUNE2023 GHTRIDEKHOUS Kutghtiider House was pvrchased & an inv&qtLu¢nt proiw to divey3ify tht portfolio aud prOde addxtional SOUTC£S of and capitsI growth. The iuitial pUrche on 30 July 2012 w2s for £2.2 illion at)d sJbsequcntTefjJxblshn Costs toted a further£l.I nJiJlioL The curr&llt nMket value is estiated to b¢ iu tbe region of £3.450.(NJO &% advised Mtssrs. Simon Glrfjnkel ots 21. Octob¢r 2022 who wereinstructedbyJohTr ATknright & Sons on bcha]f of theTrusL Followingthezefiubishrttent M0 Litwted entered into a lease viththe TDJst on 24November 2014 for&term oftenyear5. forpartofthegrouDdfloor8ttd basement AnIgETe¢tiVt Search Limit¢d entered into aleas¢ on 12 August 2015 for a tern of tell yC8ts. for floors I to 4 of Knigbtridcr Hous The Ttust office is in the lower groulld oftbebuildittg. E REVI[ OFA OF TRUSTD G 202>2023 tn the autumn of 2022. the Ttust bcgao work on atttw digital otiliue application process to replace tb¢ preiriovs p8perbas¢d 8pplicatioD procesL The new oti]in¢procttswuLt live forall 8Tattt appiicationg in DeceLuber2022 andw8sused bythc Awards ConJmitteEforits WresryewTreclings in ApIil and May 2023. The 8y5texn enables applicants to submit app]iGatio alld swothJgThaterials eiKtronicaUy and allow the Awards Con)nJittee to re those app]i¢ations oll]ine. This Jjew process h35 been very succ¥sfiJl sn4 SbJ¢¢tto fityh¢rimprovem¢nts andrefinemellts, willbe sta again in20Jll4. As part of the Tnw's cotttifyued develowll¢nL a new websits i$ being designed with professiow] i5t3nc4 sillce it was recogDisedthat th¢ existing wcbsite was ourdated aD(tneed to be fithy revise This wk is ¢uzrcrLtiy uodrny. TheDirectors keeDly look to attract app]ic2Dts as is contitsv¢s to bcDrgelltneed tu train and retiin a¢hers of Religio9 Education Home EcoDOmiCS, both of wbi¢h are priority subjcGts for ilment Th¢website is a keywayof ¢xpJ&ning ourofferand encutsraging appli¢8tioDs. (¢7) TheBooTd Tjje BO met in November 2022 aDdio 2023 and reviBwed the work of the Cojllmittees and the ork of tbe Tnx Two prospertive new Directors were intetviewe4 aod they will join tbe Board i Novcth 2023. (S) TheAwords Committee The Award5 CoJJJmitteemet twite, in Apri] tyl May 2023, to consid¢rapp]icatiODS and to reconwd award5 th 2023n4. IrL Trthing the awards for 2023ll4 th¢ Aw2rts CoD]rtiitt¢¢ took account of applications for ¢ontinuing fi]nding where app]icatiou5 bad ownally been for than one year of fijllding.. ¢otttiuu¢d fimdiug for adth"tional yeATS Wds depend¢nt orl p¢rfozmauc¢ alld positive 5UPPOrt the LillkTrustee. Home Stsdents ID Apyl aTkdMay 2023 COnleted applicatiow wcrc considered from 26 Home sttthnts: awards were ]n2de to 17 sdthuts representiog atotsl cowmitrient¢f £54.000 forthe new app¢ts in 2024. li
ALLSAITrU8 EDUCATIONAL TRUST FORTY. FOURYEALYNUALREPORT Overseas Stsdellts Twenty.five ¢ompt¢ted appli(¥tions from Ovew SbJdeDts 3vcre considered at the rneettllg in April 2023. Etavillg r¢ed aud Consider the critUi4 DxrectOJE decided tbat nonc caTr¢ vitbin scope. Consequently. no award8 were njade for Ovcrsw applitaDts for 2023r24. The Directors wete uoconrfortablc with tbis decisto4 but it wa8 made att¢r lengthy and Gomptehensive aual]$ of the 4pplicatioLs. The Tnt Is adively looking at altullatrve Iva to support (IreTh¢a5 Students so that they can mdyin theirowncotrleS andwillwrtwlthre1ev81Colporatrbodies wbo providesllch wpportalldtrajlll8. The Tr)5t ts also looIaug at ways irl which tChed fill1g call be provi&d by other pbknopic orgaDisations to help to fiwd(fveTseas 8bJden Coryor#te Awards FifteeneOxDpleted¢oOr2tsappjIiations wcrec0n8ideredbytheA[Lg >[MIttee inMay2023. New aw were agreed five, with & Co]nltreat in the first ye2[ of £104258 followed by thc second year (20241251 nImtinent of £35200 and3 Ihirdyear (2025llQ of£28,700. In additio th¢ Conllllittee ad to continue awÈrds for thrce existitig 3ppJicants whos¢ projects had beensUpportedintbeprETrioTLsywltha¢oMIwIEof£87,929 for2023f24aod£60,467 for2024125. New GOnlitents for the fLJll year totalled £316.554. Con2tDitLuents for Corporats alv from prior yeazs outstauding at30Jull¢ 2023 wete £44J96. giviugatotat outsta¢0101trellt at30 Je2023 of£360.950 Lxtik Diiectors were APPOittid and liaise with aud a88&95 the work to delTver these Corporate Awar(L%, d &srtt8itt the iznpact has attd the 0cOlLe8 achieved This is a contillg and evolving Proce Recrpients of coTrorate arc reqwdto prNide areport ou impact and outcome. Thi5 1$ parti¢uIarlyrclevant where awards &Ten)ade over anurttb¢r of ye*s. A list ofthe corujnitted COorate awards togetberwith therelev#ntappointed'link' Director, is itLcluded inAppeRdirA. (c) Th¢Finon¢e Committe The Firjonce CommitttsFn8 cbaired byNfrAttdrew Miijgjey foLioNryngbis appoilltiDellt itt Septembcr 2022. The CoDmJitt¢c ro¢t during 2022-2023 and ¢ondllct¢d inter alia the Ievim of the Tt'S irLV&qttnentporfoliffj th1th cmtinues to be in thebands of UBS AG (Wealth NlaDagen)entl. Otte of the principal deci5iots (datr4 to fixllyr¢deem the Lornbord all UBS in risiug ittterest rates with thoprospeKt of higherin¢rea5C5 ij tbe fuDJrB. The Inv&%ttuent Sth1-Coxllitt chairedby Mr Stephen Brooker. continlles to out its d1 usuaiEy, butnot ijjvaiably, Thrythinthe context of Jne¢tings of tbeFiDaDce CoinnJitEc The hea]th of tbe Tn¥t's fiDao¢es and hoiv this bas an itllpact upon the amoutst of moll¢y that can b¢ aworded iti auy siv financigl yer is the Fitiance Q>Jllmittee's priti¢ipal conetrn zod the CorDJniue¢ 12
ALL SALV4TS EDUCATIONAL TRUST FORT¥.FOtJRTh ANNUAL REPORT YEARENDED 30tbi(rNK 2023 closdy monitQLS iuvestmeot and fitwicial perfomllce gnd reviews budgets amd foreLasts. and sets the p¢rc¢nta8e of th¢ TOtsIRellt0 be mad¢ aTrniIable forawarts SPEcially at its spritigTreetin On advice from the Fit)ao¢e Committ¢e. itw&8 aetdbYthe Board tbat th¢ drawdown percentage for 2023124 wouldbc 32&h wbtchwould etsable the Tnst to meetits ensSawarOS cotijtijiknents for the year in questiOfL Th¢ fiuancial stst¢ of the Tnjstattheend of202>2024 is fitherd¢tsii¢d in5ectionB andiuthe AJllual AccouLts). (d) FuurePl&NsondObjethÉs The Tn 15 keen to eJJ¢ow applicants. ConSidei0 is being given to eueowagng mtsrc app]ic2tions from Overse4 w1CoUl$5 canbe¢ompletedirnhoTDC Coutitries rntbertkntheUKwith its additioDal overhe2d¢05ts. A sttccessful Awards StrategyAwdyD8ytook pl¥¢ in September 2023 whichwill eDabl¢ tbe Tmst to Sjrtberrefjlle • givjJJglorities for2tr23f24 2nd beyond. (e) The frx¥t'sbÈnefi¢wi&s," &ndthe asturttRC£0fpbXte brfnefft The el¥s of 2022-2023 Thep]ioGipelworkofAJt S8intsEducionaL TrustreTraItistbe]n¥JangoffillClaI 2WBrd8toittdividuaJs and 0>te b)dies to und¢rrake tsr contttiue pro8r3row¢s collsollant Fith the TrSt.$ ¢baitable scherlle. At the rlld of the year under review, the T has an otrgoing finocial or other mMIeat to 22 dents in 20J.2024, conwrising five eLsttllg studcuts 2nd s¢venteen u¢w thdeots. Twelve coryorate iwards will bB SUPPOrteditttbe academi¢ yw2023-2024 &$ set out inApp£ndi¥A. It is very 8atisfyiDg to receive coDsistently fawourabl4 )*tiy gloBin8 ryorts on the deie progress of Styellts sorted by All Saitits. The FDw)datiorL rolltujely heats of 'our' students graduatingwith firstalld uppersecolld-class dee¢s. Thattbi5 is the rt%ult of 8Ddundoubtedly to the h2riL dcdic2ted work that tbese sdellts put in, soroetimes despits the most vufavoutabte gnd dis¢outawgperso]Jal cirq[[Ce$,. butital30 iudtcatcs that the Foundatioll'5wocethJres forsdecting Dernonstrating'Publlc Ben¢fit' In consid]nge Clty'S activities 2nd the flljfjjmttsf its obiectiyes. tboB02rdtakes fi211 otyCQlliIt ofthe c}Ity COEIS$loll,$ cumit ndance 'public boDefit' and confiw its comittwit to ttris and evidentfu]fJment of it. 13
FORTY_FOURTA ATrAL REPORT Scholxr5bip EyatiOn Report Th¢BoabaS arigor¢)vs. attdtr8warentsystemfortyvaluatingthe'owcomes' 0ftbeV7ouS cla&ses of aw9Jnadc bythe TrusL EveryAII Saiut'5 Scholar, whetherhojne orovcrsc&s is required to •8ll a formal'uuderraknug. thal 2JJuually att assessment docthllBDt b¢ compl¢tr&. the S¢holttrship Ek71ua¢ion Repoyt (SER), Ji5till8 th2 r¢su]ts of examiD2tions tske quajifications awatd4" and reptirtiug actual or poieutial employment prospects ill the wake of the ¢ollwletioll 0£ tlEe acad1 prorne Kttpporred by the Tnt. It is pleasiDg to report thatretll of SER fom]s frorL Stud¢lltswho have completedtheirprornes contillu&% to be on tracE AsbigblightedinprovAollsyws' Report4theilluov2tiott ofthe SERiDitiativeha8beentoinvite scknlars to give feedback i)n the ov¢rnU perftsnnaje of the Trts%t itself.. ptyceptil) of the applicatioa process. peLre1V efficienGy and dispatri experienc¥ of conts¢t with Trost st2ff dwillg the proce&%" the adnJill1tyIott ofthe ¢.g., thepayment of grdnts, audtbe response of staffto reasonable reqests for ad¢¢ attd guidattce. Our SttLd¢nts hay¢ beets very positivc in their respotyses. The Student EvdluationReports collatyj in Noveulber 2022 provÉded a detsiled 8md positive reportto the Directors. Statements about r$e ¢ontenL teathiD8 qUAlity, pastorgl cate and learnan(p outCOEllCS wete nwstly exceU¢nt and goo(i Respgwes regarding the thilltration of the Scheme indicated Co1][ete satisfactioJ4 Wt¢houtex¢¢ptiorL Corpor4teAvgrd$ 2022- 2023 Bangor Univtrsity Fllttding w&% given for2 Cth forReJigioffj Ethics and VaIYes: From GCSE to PGCE Frith th¢ aim of I critieal problems id¢lltifiBd in the provision of RE inte4ching ayjd It1 in W21es. ryth the creatiotts of a three-year5U8t•uableproicct to cJhaDce tbe teacbing alld study of FE tbroug&out the UL The pIaTr for year Oll¢ was to review audTeof8aDise r&qour¢es ofthe Form Centre wd creats the i)Dline infrastntre forthenew Centre aud to desigD newPGCEs. Sthstallti pro8$ was rtsad¢ m¢¢ting the origiti21 targets and iu some ca5e5 th&%e wcrc swpassed aud theL'JJivBrsiry hasbeen ableto offeractivities in adth.tion to those oTignallypLIIWhI]8tretr#LDJllgWith1bUdgCt The Pro)tl8 beenmorepri)du¢tive aDdfnitfi]J than had been allticipated3Dd the Ujjiversity is withi s¢hcduIe to deliv theirpmti)ise5 forYearTwo and Three of thcprojecL University of Bri5toi FuDdingTV&% giverA for thewoject'sbgttd Space.. devdopingpoworfijl knowledge of inter-rcligioug dialogu¢ throuth iteacher fellob]F model forRE speciaIists'. Its obiettives IndUd dcvelopiug a tea¢her fellowship Djodcl for Reli8itsEts Educatiou specialists, to enhwe twh¢rs' wJderstaJJding of tb¢ology, to colle¢t data to assess teacheTS' pCePtiOnS of their eriellc4 to train teathers as researcheT5 and to share tbis approach Ino Ividely aosS th¢ FE c0inzuunity.Aresearchassistant]bee3PpOjllIedtoad1YS¢ad collect dats The acadcmic stsffhave contiuued to SUPFtsrt the prtsject There were two y$ of trailling forteacher felloThF yn OGtober 2022 th fotr firtber ts3iDing sessiovs betRreen JaJLU2ry 8nd Aptil 2023. Th¢ webslte h&8 bcen fikrthcr dev¢loped tog¢therwitb the develoPnntof several pap¢rs for¢tsllferencepreserLtation andpubLicatio DetriIed plalls 3nd objective5 are itLplace forthe thirdy¢ar of the project 14
ALL SAM EDUCATIONAL TRUST FORTY. FOURYEALXNUALREPORT YEAR LNDED 30thJuNE 2023 Mriti5h Nutrt¢ion Found#tion Fundingvrns gtven forthepEoject'Teachrng PryJDary Food 8Dd N)Jtritio)J'. The aim of the progr4nTh is to inspiretraillee 2Ddpracti8ingFirywy teacb¢rs, alld teaGbing &ss2St3nts. to chwion awhol¢ school spproachto food andto ¢quip tknryth the laowl¢dge audpra¢ticaLskills tkny u¢ed to eDgage childreu in leamillg #bout foo(L uutrition and Sustsibl1lty. The al i5 to billld pra¢titioncr's CODfiderAce attd ¢ixupetence ill teaching food and nutrition to new and CXi$tiug ttach¢ts. Latsllch in Novemb¢r 2022 tsv¢r 480 Friary prdctitiouers have retsered for the prograEDme. A traiLiDg progranime rdD from Jattuary to the elld of June 2023 with eight training sBs5ions al 98¥fj of Évaluationre8pottdeuts foundthe webill8r3 achiev¢dthe objectives set •Jdfeltmoresllformed 2boutthe topics preseuted. An ovJin6 INSET pÈLkage cotssi5tiDg of sevou topi1 vtdeo recordings desigo¢d for U]llversity (bTExeter Fundingwas given for'EducatiAgforhedth'. cre4tiL8 he8lthpr0nJtig s¢hoo]s' Ethics 2pproval froryLth¢ College ofmedicille 2Dd Health to ¢overtheillitsal rmitrJ# audit and bzse]ineTreasurts% grantedin JJnu¥ry2022 andproctrss ¢vahllti¢D ID Aptil 2023. A se£oudary school w85 recnJite4in Juty 2022 andbasekne Treasures for I1-trlS yvar olds was taken and the health promoling school auditwts completed ill OctoberlNovEmber 2022 with 337 thdents. 22 staff and 49 parents. There vas goed agreeillentbetween parents aDd5tlldcnts a5 to what constited barriets ill ahealthy ¢hoi¢a Being tble to cat healthilywa8 worc of an issu¢ tban b¢ing able to be phy5iGallyactive audmost stthts felt the school supported thermental health well. As 3 rewlL the school Fill fo¢ ou food alld implement chauge4 with a fiereuati0ll au(1 ajjdit ts> follow. An interactive toolkit wzs d¢veloped foT s¢FÈools. A st8kcholder a(hrysory w wzs ¢reatedto stwort the researcb with ttvo teathrs. two arademics aud apub]i¢bealth advisor fro]n Devon Co)LLty Coullcil. The wup havemrf at1¢&8t fivetimes andproNide practid support Asaresult of tbe work c¥ed oul Profrs50rWyatt was askedto ¢bair anatioual worksbop on th6 Wales Heatthy School Schejne aud shepTesEllted the ASE[ fjJndeAlbealth prO0bg school process atddi5cugsedits adaptivity Funding ¢ontinued to support REteath¢r8 eatly 3n their ¢areers. Obi¢ctiv&8 zre to reise st2ndart8 ef RE teacbitig for PUP by bulldiog tb¢ competen¢£ alld subject expertist of new entrauw ¢llcoura8e p8rticipants to ¢ngage WiththeprObaw1lle. topr0videone-ollE]netorlQgdt0pZ0dea subsidised Pla on NATrE's ConferCe. The Tctention rat has reoaxned at around 95% throughout thc prowtme. Thcre are cuTrntly over 100 tea¢b¢rs registered with New2RE. Subject knowledge ] prn7ded tbetllwith asecureftsundation for rutse dev¢lopmentas RE tsatber8. Qjality of leatDiDgThryll be itkcrnse4 t&e fdte of retentii)n Fryll iti¢ro%e. meDtors wi]I develop profess1oj1y pcIp£ts will bB iDtroducedto NAIBE affi]iata localwupswhiehwlliprovide ollgoing sworL 15
ALL SAIKfs EDUCAfioNAL TRUST FORTY.FOURTllANNUALREPORT YEAR ENDED 30"J(INE 21123 StPhilip's Centre From April 2022 to 2023, vJilh th¢ support OEASET. 23 sclLth)Is iTJvolwng 3.630 chiIdr¢n ¥md 320 te4cher8 ellgagcdWitbth¢ireducatiollalpro8taEomes.Th¢seincbedReJigIoll &BelAefR02dshows. 'Meet the Faitb, vlts by faith practitioners of variou5 fakths to schools, ebJIt, workshops and Visits by schools tv places OfwozE"P InI£it$ttr. The sthoo18 werc fJorn asvideg¢owbical spread- five counties-Leice5t¢rsli4 Notthamptoll sbir4 LtscoJDshire. Wtyickshire ond Cambridgesbire 2nd the C¢lltre woEkgJ with five n¢w schoob dwing this perio(L TeStionIalS ]Ved from both childrell IteaChers have beenpowerful aud arVeandtheIr0[kiS 2ddiDgvallle to existir8 eduGalionin scbools. Tezthles Skills Centre Futtdiug Wds for tbe Centre to (tevelop t pilot pro¢ '3ecoDie a Great Textiles reacher,. Th3s almed toprtsvide swpoztfor50 trailleB 5tudcnts teacbers,. Earty CareerTea¢h6rs andnf)ry-specialtst teacber5 w0dcig in textiles ¢lassrooty. The project was launched in sePtebe 2022 alld w&$ oversubscnTheL There ]Jas been a phenO¢al reeeptitrD to the sllpport prolided very positive feedba¢L Afterstven months 86/0 of teacb¢r5 ifLdicthdtheywere tyire confideot in teachiug trxtile 65.2Yo found better Student engageujellt gnd ovatiOn 55.20/0 fmdizg ways of raising the profile oftextileswithintbeirs¢hoo]s. 611ts/tbavelwillbeupdatingtheir Schemes ofworK 72.4D/ohtveupdatcd theiT tea¢hillg Tesoutces and 79.3/? propose to attend fwther training. Face-to-face couryes were delivered at Guitdfrf A8hboume and HuddeT5field UJ)iva5ities with extra courses to follow. Online COUtse5 and wotksbop5 were wcesshlly d¢v¢lopcd together a Whatsapp Group. W¢llbell)g SsIons Hta]th & Safety Se55iODS were d¢liveTrd in Octoberand l¥larch. Trees for Cities Tr¢ts for Cities h&8 Continued to d¢v¢lop their support for teachets. Alongside on-site trainillg Grow Cardiff. Trees for Cities ha5produ¢ed aternJlyneTrElett¢randhosted on]inewebin8rs fort¢achers support statT S¢hool$ over the UK come togethcr to exp•ienc&%? w4ifL Suppo¢ overcoin¢ barrier$3lldcelebnte succes$e$. W¢binarsbaV¢8'reEioualbreakorfjOm. where 5Ghools froTrthesaty¢ discuss Jnatters important to them alld get bespoke assisrauGe. Teachcrs discus5 Potential pattrerthipwork2ndtxchang¢illTritstioJJsto on¢anott'5 Sttes. Tbe impactoftheHealthyPlawoutsds Programm$ ]w ¢ positsye with i1[easing iiiter¢st engagement froro schools and Dth6r tskeholders &8 w¢ll as reColtiOn of the 5ucce&8 of the projetL> dIff sGhools. both wim8ry and special schools are engaged inth¢ projectaDdt1ngthCJr HeatthyPJaygtOUllOs well 2udthechiLdte ate &xcitrd 8E4)utfood growiti& tsstingttewfoods and loarning olltdoors. FUttps illclude adaptiug resout¢es for a sttoud3ry school proie¢ creAtei&wTh on the tole o£po]]iugtor5 3n food grJ8 to ¢reats ¢nteIpriser¢sourccs zndto build on th¢ on-lsne forDS begvIteach¢rS. University of G12sgoiY The aiws of tbe study - Ho.DIftECT. Nepal.. t fo(Kl based-&Iuc8tion¥l aud homtreeonomics interveution fortye2 diabctrs remi$5ion-are to pr¢pare th¢ lo¢¥Jly in tellll5 of pn¢ticai thdy tyEtho&% nlltritionaj edllCati aJ)d howe econolc5 application for health iwprovemenL for a futwe 12Tgtrscal¢r&timI5ed trial of adietinterventionforprevention aJJdreTnission tsft2 diabetes (T2D) illNepaL based on tbe UK Diabetes Reuxission Cjiuicgl Trial (D]RECD. This pilot fvnded by ASET, pnhidBs collaborative tllgagenmrt between UK aDd Nepal t¢aJrs for traiDin8 2nd to refine the food outiitioll and ]lLeOn0n)ics &lucatiOll b18 for a low cosu locally 5ecurei culturally appropriats inteentiOn to achieve diabde5 preveutioll attd rttDiSSiOJL Tkn Trvlll be eTrpha8is on the nutsitional 16
ALL SAifus EDUCATIONAL TRUST FORTY. FouRTHANALExP0RT IEAR ENDED 30th JUNE 21123 eth¢IOtt audhome econojnics compe]Lellts of theprojecL The terve31tioJnchCda dietproEraTUTue of eigbt sveeks loTh'.calori¢ diet forwexglts los4 follod by 24 weeks of weLgbt1055 niaitit¢naDce. The projert statted ryth overweight patients witb l$tillg tyye 2 diabetes fronx thc hospitsl clinics ID I(atlmiandu in mCh 2022 is being deliveredin diabet¢s c]iDiC5byNepale8e di¢titian$ 3nd+atttors. 70 patients agreedto join th¢ stsjdyo of 85 approached son Witbdrew ststh¢rc is dats for44patients xtt the 24-week prograroffje. Weight loss was recorded across the 0[¥p with 50Jne ablt to Eedu¢¢ their JLed1Gloll andalso to stop iLAfter 12weeks maintrnallce 20 out (>f44patients were iu remissioufro T5ye 2 diabet4 alld after24 weeks the number o£patieats iThIewioiLW& 18 0th of 42. The work is on80illg and fijrther reports will follow. Wmdle Trnst [ntern8tioE1_ S¢ho]arship5 for feJFJale teatheTS Thc Trtsst a two.yearavmd itL Octobcr2021 to prde scholatsbips to fem81e teacher4 with the object of incrwing the nwnber of fen1¢ students iti South sud 82 applic2tioDs were re¢¢iv&l by Win(lle, 8ud aftcritikniiews 22 rene ttsckers wete s¢lectsd 16 at St. May's UJJiver5ity College Juba 7xlld 3tt¢nd a thrct-ye2r Diplonll iu Pnmary E(LucatioL Thc six 5tydents at Solidarity Teacher TrdillillgC0lle8einybio are doing2two.yearGyadcItI cerfificate iuwimaryedwatioo. Thrstudeats have ]Jad full tuiuoufr£5 pai4 hav¢ beeuproTrrydedTrFith zll stationeryfor their cour5eneeds. Students in Ygmbio live in colleg¢ haiIs of lde and rectivt three mca15 a day and catt ¢on¢ent¥3te of their studte& The sdentS in Juba live ill theirhomes aud travel to the college 2nd bave frd5 for trawport and att allowance for lunc]L Thu4 are able to retutin ott the progT*Xm¢ to tbe eu¢L wrI has a full-time scholars} officer iu Juba wbg keeps its touch with the adtuiEistratiou of the two instithitions andyisits Yambio f¢rthigbtiy and meets sbjdettts. thc princip215 attdtcacbing staff. Thesc visits pri)Tride P8StoD] oar¢ 2nd monitorperfoTm8llC¢. The sttxdents areretsularlymoDitoredwith checks on atrend¥n¢e and a¢ademic performace and tbc students aR pcrfornjiug well. Four sttxd¢nts dropped out but two have beellTeplace& Reports from the moJitoringTrisits thatthe stuthnts 2rep¢rfonJJillg well iti tbeir academi¢ disciplines on botb the tstifi(atr 8nd Diplojna courses. In additioJ4 Safegusrding 15 provide4irLJuba 8lldYatnbits. Wd]e Trust IternatiOal-Po5tgr#dllats Sebolarship In 2022 the Trijst awarded a one-yeaT 8[t to wri for the developznettt of a ptogrdmme to 5WQrt PostpluatsM¥t¢r8 S¢hol8r5hips irLugda for siudellts from slld8 South Sudao and So]Jalia. This Fas a pilot pro¢ with ten scholaz5 bewlli3Jg a 2-year Master5 Pro¢ aLLallY for 3 yS with scho]8rsbps spe¢ifica]lyinEducatio]L Public HealttyNutrition audFood seClty. Th¢ applicatio windowrnu fromJauusry toFebTuary2023 457 app]xcÈtions. EliBibiIity $tteening, sbortJistsng illvitstiow for int&view w&8 cAled ollt in Masch 2023 2Dd a Schol8z5hip AW018 Coullt)ittee wa8 convened iry May to Feview the fi]ll appjicafions aud tbc fitst y¢ar of tht scholsr5hip progrdojme is set to enrol iJJ Septeber 2023. The progratDme Ill sUPPOrt 30 5Ludents from Fast Africa at aSterS level at least 15 WAU be in Ethc&tion alld Pub]io HeaLtb Fith Nutrition related cours&%. Jt is ensvotsmentally swgtsiD2ble and facilitates developwent of the E&rt Afiic8n toinniullity by keeping sBholats in the EastAfiicall wmTDUty. Women's Educatton Partner5hfp Th¢ project 15 th¢ UJJiversity Scholar5btp ProwLne in Sudan. Thc existillg proje¢t ba8 prmryded the first yea. fees for ten oew smdents 3t Ahfad Uuiversity foI Wom¢L A]1 teu SdEllts bave received very good trsults for 2022123 froty Abfad UJJiversity and move onto the next leveL How¢vcr. the iJitJryjDstsbstylnthe r¢gionwill affeGtthevithiIityoffhcpTojectandASETis worknDgclDselyMrith the Women's Eth]catiou Partnership as to how best theproject Jnaitstsine 17
LLSAllYIS EDUCATIONAL TRUST FORTY_FOURIFLWTAL REPORT yKAREhED 3PJuNE 2023 Wthgu Project WJFugu arc iti th¢ second year of a tkn6-ye8rwoTrc which al to tb8t ixvolved 5ll Vocational training Co$t5 havc at least the r¢quitl amouttt of practi1 cxpezienc& A lack of cojjsumable materAaIs to work is a probleuj but the ty to knjijd thcir cOMe by sellill8 some of their products. Both vocatiotial schoo]s ryported by ASBf doThg wotk Sawla Vocatiollal School the bOkIwith Cote D'Ivoire achiev1 llLirecLes in tenns of tbc ttutuber of gir]s tbatbav¢bcell returned from slavery in Cots D'lvoire •)dnow have vastly improyedlife ch2nc&s. SavelugtxVoGational s¢hool]w allewhead Thedistrictis Etr1edpoliticdiybUtthc school deals well with the ob5tacle8. Supplylllg th¢ school with netcssery tools ¥Jd equipment ellables it to fjjnction efftctively and h&8 Jjelped to rethGc the lation which pThioJsty chaTactrri8ed the i¢ipality, due to thc job opporthDitics it ha5 creatrd Grauts tLY¢d from ASET wellt & long way tts sIll theirpYactitaI work io catuin& dress waIong attd Tic attd dye batht le550ns. Fding be ctsiitinued ill 2023r24. OURSCHO SPEAK.. Our scholars gnd corporats awards continlle to tring w satisfactiott and disttnctiott - both to themselves 8J)d without ull(kn¢ exagg¢ratioo the TT This AuuualReport conclud¢s 55ryth asclectionof axtracts fromktt¢rs andmrssages n%eive4 bothp&%t and presenL hothe oDd oveoea& Thisis TMhattheysaYaEththtIr&cknteVeTll1ents aDd aboutthepartplayedbyAllSaints EthatiOn Trjst itiheipingth¢mto S¢CWB 5UC¢t&% orto taketheirliv&q forwatdinadifferent aLdEllorepositive directio Her¢ ore a $elertedJllEtJb¢r of COmTrCLts w¢kavere¢eive&. Wondafvl nepvs thatASEf wrll Jvork 14 Nopth¥rn We ore konourtd ThegÉnerO&TGntsuFAwrniOtroIgts$w¢ worktsdeleatpovertybygiving Edu¢AtedgirLY 4 real efionc& O¥r Ghana wzu thzs h8lpfor long-rer benefft togirlf in Vocationalschoois. Fou s¥pporthos beyondthe mopJ¢Ary valz We hAve beN£lkned ¢nornth1yfvrn ASETJS wportfor 7viiI dwoys be grstr£fyL tWvluBu Projectl Your en$ so to us and wi¢liyour ongozng smpport vtraifor the SPiTtsz &V10pment ofchlldren across the county IwoJtldlike to lak¢thi% ¢h&nce to S4tythonk-yOU onte we to rech rvrn more thousonds tsfyoungpÈopkein stkool ISPCKJ Thank you fop yollr letter infonhing tlte BNF on thrf su¢c&ss of its OpphIDn - we or delight¢& Thiy szgJttficap21 will eNable tss th hov$ supporting goodpraclicefoodafvdn4tr71ion In UEprzvwschoots tBritishNutritionFoundationl Triygr4nt will massive differénee to Ol£T pvork be much tspprecieted by the schoots which Hultin thrn benefiL We 4rÉgratefylroASETfoT¢heirgenerous support ofour e&mcl0 Work This hLs been ¢ye4r Ivhzck h(x¥ very vÉ4chfdt to 41 fÈtsrn to thepre- eId ere some new, Oddition ttchiev*xÉnts which we &re weryprou& [St Pbthp's CeLtre] 18
O¢llatioJl LTteesforCitiesl lJa4 Th¢AniTLRePtsrtWaS apptsv•lhytbeTr>s Colo0fmAn2g<tyt0D............_ dsigrJed•ttfts beh. 19
INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF ALL SAINTS EDUCATIONAL TRUST Oplnlon We have 8udit&d the flnanual statements of Al Saints Educational Trust for the year ended 30 June 2023which comprise the Statement of Financ1alActitie5. the Balance Sheet, the Cash Flow Stat&menl and notes to the financIal ststements, induding signrficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdorn Accounting Standards, including FRS 102'The Financial Reporbng Standard Applicable (n the UK and Republic of Ireland, (United Kingdom Generally Accepted Aceountirvj Practi1. In OLFr optnion the financial statements= give a trye and fair view of the state of the charty's aff8irs as at 30 Jung 2023. and tsf its incoming resouTl*S and application of resources, for the year th8n ended,. have been properfy prepared in a¢¢ordance with United Kingdorn Generalty Accepted Accounting Practi., and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for oplnion We con(Jucted our audit in accordance wth International Standar¥Js on Auditing IUKI IISAS IUKII and applicable law. Our rèsponsitilities under those standards are further de5uTbed in the AL110$ Responsibilities for the audit of the financial staterllents section of our r8porL We a independent of the charity in accordance with the ethical requirements that are relevant to our audit of the finanaal statements in the UK induding the FRC'S Ethic81 Standard, and we have fUlIed our other ethi(xl responsibilitses in accordan with these requirements. We believe that the audit evidèn¢9 we have obtained 15 sufFiryent and appropriate to provide a basis for our opinion. Conelu5ions relating to going ¢oncèm In audrbng the financial statements, we have concluded thatthetrystees, usè tsfthe goitwJ Conrn basis of )unng in Ihg preparation ol thè financial statements is approprkgte. Based on the work we have perfom)ed. we have not identified any material uncertalntiès relating to events or eonditions that, indwidualty or collectivety. rnay cast 5ignffi(xnt doubt on the ¢harity's ability to Ixjntinue as a going concem for a period of at jeasttWee months frorn when Ihefinancial statements are auttrK)rised for issue. Our responsibile9 and th8 resportsiblllties of the tnjstees MVY rtspect to going ¢oncem are described in the relevant sections of Ihis report. Other 5nfornia0ft The other inforrn8tion comptses the information ir)cluded in the annual report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financAI staternents does ntst Ver the other information and, except to the exlent othenmse expticitty 5tatsd in our rèport. we do not express any fom of assurdnce conclusion thereon. Our responsibilty is to read the other inforrnabon and. in doing so, consider whether the other inlorm8tion is materially inwnsistent wth the financlal stat8rnents or our knowledge obtain8d in the course of the audit or otheise 8pp8ars to be materialty misstate(l. Lf we identify such materfal inconsistendes or app8renl material misstatements, we are required to determine whether there is a material misstatsment in the financial statements thernselves. If, based on theworkw8 have perfomÈd. we conclude that there is a m8tèri81 tnisstatement of this other infomation, we are required to report ¢hat facL We have nothing to report in this regard. 20
Matters on which we are r•qurred to report by ex¢opUon Wa have nothing to rèport in respect of the following matters where thg Chariues Aet 2011 requires us to report to you ff. in our opiftion: thg inforrnation given in the Trustees, Annual Report is inconsistent in any materi81 respe¢twith the financi815t8tements,' or the charity has not kept adequate accounting records,. or the financial statements are not in agreement the accounting records and returns- or we have not reiVed all the information and explanations we required for our audit. Responsibilities of trustees As explained more fvlly in the trustees. responsibilities statement set out on page g. the tsustees are responsible for the preparal'on of the financial statements and for being satisfied that they gwe a true and fair view. and for such intemal o)ntrol as twstees determine is nec8ssary to enable the pr8paration of finaneial statements that are free frorn rn8terial misstatemenL whethèr du8 to fraud or error. In preparing the flnaneial stslements. the tnjstees are responsible for assessing the charity's ability to continue as a going concem, disdosing. as applicable, rnatters related to going concem and using the going concem basis of accountyng unless th8 knstees elther intend to liquKlate the charity or to cease operations, or have no realistic altemative but to do so. Audltorfs Rèsponsibilities for the audit of the financlal staternents We have been appointed as auditor under secth)n 1441 of the Chariti88 Act 2011 and report in a(xxJrdance regulations rnade under section 154 ofthat ACL Our objactives are to obtain reasonable assurance about whether the financial statements as a whole rè free from material misstatement. whether due to fraud or error, and to issue an auditorfs report that includ8s our opinion. Resnable assurance is a high levd of assurafi. but is not a guarantee thatan audit conducted in aciordanee with ISAS IUKI will aayS detect 8 material misstatementwhen it exts_ Misstat8ments can arise from fraud or errorand are considered material if. individually or in aggregate. they c£Juld reasonably be expected to infiuence the economlc decisions of users tsken on tre basis of thg$e financial statsrnents. As part of an audit in accordance with ISAS (UK) we exerose professional judgement and mairttwn professional $cepti¢ism throughout the audit. We also= Identfy and a55eS5 the risks of matgri31 misststemènt ofthe finanual statements, whether due to fraud or error, design and perfomi audrf( prOdureS r8sponsive to those risks, and obtain audit evidence that is sufficiert and appropriate to provide a basis for our opinion. The risk or not detecting a material tllisststement resulting from fraud is higher than lor one results.ng from error, as fraud rnay involve collusion, forgery. intsntional omissions, mivewesentations. orthe OV8rride of intemal thntrc4. Obtsin an understanding irf intemal control relevant to the audit Sn order lo design audit procedures that are appropriate in the circumstances. but not lor the purposes of expressing an opinion <)n the effectivenèss of the charitys internal control. Evaluate the appropriateness of 8cwuntlng policies used and the reasonablen8$$ of accounting estirnates and related disclosures rn8de by the trustees. Conelude on the appropriateness of Ih& trustees, use of the going concem basis of ac<x)untir and. based on the audit eden obtsined, whether 8 rnaterial uncertainty exlsts related to a tharty belowthe threshosh$re? chartyaudit b re4thTrd dece$l0 acayjntswdited vc4unlarfty, thè auditor is apptt4nt U&[8vjTr 145 of the artsgsAc4 2011. 21
evènts or conditions that may cast significant doubt on the charivs ability to continue as a going concern. If we conelude that a material UnrtaInty exists, we art r8quired to draw attention in our auditorfs report to the r8laled dlsclosuies in the financi81 ststements or. if such disclosurès are inadequkte, to modfy our opinion. Our eoncIusions are based on the 8udtt evidence obtained up to the date of our auditorfs report. Howèver. future events or conditions may cause the charity to cease to ctsnts'nue as a going con¢em. Evaluate the over811 presentat¥on, structure and content of the financial staternents, including the disclosures, and whethèrthe financial staternents representthe underl54ng transactions and events in a manner that achieves far presentatK)n. We eornmunicate with those charged with governan regarding, among other matters, the planned scx)pe and timing of the au(Jit and significant audit findings, including any significant deficiencies in Intemal control that we idènlfy during our aud Explanation a5 to what extent the audSt was eon¥idered capable of deteeting irregularitles, Including fraud Irregularits, including fraud. are instances of non-comptiance wrfh laws and regulations. We design proc8dur8s in line with our rgSKM)nsibilities. outjined above. tr) detect material misstaternents in r6spe¢t of irregufarities, induding fraud. The extent to which our procedures are capable of detectlng Iegular1tle$. induding fraud Is detailed befow. The objectives of our audit in r6sp2ct of fraud, are- to identy and assess the rksks of material misststernent of the finanaal statements due to fraud., to obtain sufficient aPproprte audtt emdence Tegarding th& assessed risks of material mstatement due to fraud, through designing and implementing appropriate responses to those assessed risks,. and to SpOnd appropriately to instsnces of frdud or suspected fraud identified cluring the audit. However. the primary responsibilty for the evention and dettdion of fraud rests wikn both management and those charged with governan of the ch8rity. Ot5r approach was as follows: We obtained an understanding of the legal and regulatory reouir8m8nts appllcable to the charty and consKlered that th8 most significant are the Charitie5 Act 2011, the Charity SORP. and UK financial reporting standards as issued by the Financial Repotting Council. We obtained an und8rstanding of how the charlty complies with thèsè requirements by discussions with management and those charged with govemance. We èsSed the rfsk of material misstatement of the financi81 ststements. including the risk of rnaterial mi5St8ternenl due to ud and how st rnight occur. ty holding discussions wth m8n8g8ment and those charged wth goveman¢e. We inquired of management and those charged wSth govémance asto any known Instanees of non-compllancg QT suspected non-compliance wFth laws and regulations. Based OJ) this undersknding. we designed specifi¢ appropriate 8y1t procedures to identify instances cf non-compliance with laws and regulattons. This induded making enquiries of rnanagement and those charyed with govemancg and obtaining additional ¢orroborative ewd8nce as requlre(l. There are inherent Ilmitation8 in the audit prowlures describ8d above. We S less likely to bècome awarè of ln5tsnS of non-ctsmpliance with laws and regulations that are not closety related to events and transactions refiected in the financial statem8nts. Afso, the risk of not detecting a rnaterial misstat8ment due to fraud is higher than the risk of not detecting one resuthng from error. as fraud may invdve delibete cOnalment ty, for example. forgery or intentional misrepresentsllons, or through collusion. 22
Use of our report This report is made solely to the drty'S trustees. as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so th81 we might state to th8 charitys trustees those matters we are required to state to them in an auditor's report and ftsr no other purpos8. To the fullest extent pemiitt8d by law, we do nol accept or assum8 r&sponslbllity to any party other than the charity and charitys trustees 88 a body, lorour auditwork. forthis wport. orforth8 opinion w8 have fomied. James Saunders FCCA DChA (Sanior Statutory Audrtorl For and on th8 of Moore lfjngston Smith LLP De'. 0110212024 9 Appold Street London EC2A 2AP McJre Trfjngston Smith LLP is ollgible to act as auditor in tem)s of Section 1212 of the Cornpanie$ Act 2006. 23
All Saints Educational Trust Notes to the Financial Statements Forthe year ended 30 Juna 2023 ounttng Pvliaes Conftnued I R¢DtsI Incvme is cr&lit8d 10 thB StatementofFwnudA(vWforthe peood Ttrelato (vl Gnts for tional sUprt are axounted f¢r 8$ Expendityre w the year in whi¢h thp LxJmmknTr•nl nBde GLYnmuniMted to thé reripEnL Whete grdnts are avrdrd2d for pèriods of rnore than orLe y and the Tt has no 4etiOn overwhether subsequent In5ta]rnents of grafil arp pald, thost instslments are ShoWnn creditorx aMOunLf1Ing dueafter mDrethan one wr. Ivll P8nSion51$ intheaccounts r8k¥es8ntthe ¢>))tribution5 P3yablE bytheTrus1 duAr>h¢ w. (1) SupK¥Mc05ts Lnpse CLEts ofnjnningthe Tru8Vs acbirytes, indudiw YoanCe costs. 711 Tho Pgrmanenl Er05[[rrtfud is a fvnd repr*senting the TrusV¥ fund Capit whi¢h vrd5 deAvsd frn the net pro¢8eds from the DfThe College 15fAII Saintstogetherwrfh v£rio% Dther prDpÉrtie¥. The tDJstsès hwje rewewed the stabJ5 of the capitsl funds ¥nd have delèrmined that thÉ$¥ should bè gnL5ed as permanènt end0wmts as defined undBr the Charilles SORP. Fr()m the l Juty 2022 perrnanent endosvnt has been managed on a lotsl rebjm aasis. Tre trust * their discretion n any part of the tDtsI Dnapplied reM ts the general purposes of thè tsusL Tre trust havtr allo a pty•on of their trme tg unre5lric knds, thry ap ¢uwly In mnsuhabon th their investm 8$ ro the best polcy to 8dW luknre ye8r5. wdl agrEed 81 a fornd meeow of the (Lx) 0th8rffn8nLI instwmenis. - Cash and c¥5h eqUbR1tsn. cash 8nd L35h equNakntsindude Ca%h al bankssnd n Vrand. . Debtors and credknr5'. DÉbtors and creditOTS are rxniBd atthelr tsan5acfion prfce.
All SaiTrts Educational Trust Notes to the Flnancial Statements For the year ended 30 June 2023 Accourtting Po$ The $tstements have bTr prepar in accord8nre vAth the y1al Reporting Stsndard appfilxble the UK and Rewblicof Ireland IFRS 1021. Thp is a publi¢ benefft tntityforthe purposes of FRS 102 and therefore b¥s aw prepared its finanttl statemerts In 8ttordance with the StatemeDt of RBwMrnJe pctice appli•bL% to tharitses preparing thelr accounts in acctsrfan wth the Fi)aTrLxal Rsporbng stsrwJard appli(ble in the UKand Republi¢of IreLqnd fThe FRS 102 ethartbes SORPI and aribes Act 2011. The fsrwria statements ar? prepared in st8rfing, tCh the func9 oJrnenty of thè d•. Monetary •TryMts in thase fanGlS1tèmets 2r¢ rounded tothe new$51 pound. ThefinanCr sktements have bèén prepAred topive a ue And fairf etsnd trAve departed from the Chanles (Ants and Reports) Regulaltons 2008 onty to the exlent re4thrÉd to proiryde 3 'biJè and tsir we¥V. This departUTP has inv¢fved followng the Attountiw and Reportin9 by Chath85'. Statsment of ReGommEnded PrBcb¢e ap1(able to charitie5 preparifig their accourtts in aeu)rdance the Finan31 Rworbng Stsndard 8ppilLxE in the UK and Republi¢ of Irdand IFRS 1021 ralherthan the A¢cDunting and R$potbng by Charitiès.. Statemèntof Remmmended Pcti thctive fM l Aprfl 2005 which ha5 sinc been Mithdrawn. The trtstees 8s¥essed wlether th use of the goin9 concern etsncepl is 8PPToprfate and hAV¢ ¢Drered Possible events orc0nd0S that ffli9hl Qxstslgnffjl doubl on thtr abilAy ofth? Larity ts contiThu8 as a g(xng n¢enk The tru$iee5 h$ve madè this a5sessm9rtfora periDd oFat leastone year [rn8 de of the apprwl of these finafici statements. In partiul¥r. the trustee h8$ CDSered the chariV5 fDf¢a5ts projectsons and hss tsken account of prssures on inveslmtrnt and tEntsl iTrctsme. In making trl¥ assessmènt the tru5tee5 have corksiderEd the imp8¢t Df COV-19 snd whi15t iThv¥stment incorne $ityatrts have been 8ffecled, these 11 not affect the charws 2rity to wnhnue its tha[rtae objects. Aftgr maTrg enquiries, trusteè h8$ rded that thelp Is 8 reaSonaE ¥xpe¢tsbon that Ihe charity has $deqUa resources lo continue in opwational ox&%tence the foreseeabk firtu The Crr1 Iherefcre Continues to ad(Pl the going conpm bsig In preparfrg ttsfir[anci statements. A summary of the princ4pal ¥ttountin9 pdlGles adopted,ludgements and Wsourw ofe50ma0on uncinty, is setoutbdow. T8ngible fL¥ed a$6ets, rpting off$ d computer equipment wriiten oft in the St•m9nt of Fitranoial Adiirylies n the year whith the costs arE ID the Op10 offhe trus12es, thks polty Is approplgrrfeD th2 m$1 offitsLylities. Freehold proptyustdasthe Tru5Vs offi$ (aPrfalLJ at¥U8On and rwryewed annu¥tyfor irry)8irmenL (Ill Invastrnts hdd as assets are r#¢lutsd to faIrlue at the balan sht date and lh2 98in or ltsss taken ts the StatemEnt of Fin2nual ACtsVe$. The carywng value of the Investmert property is shown at estima1 r¢kyrketvU& based on ad¥ryce ff¢eNed frDtn th¢ charitys propetyathqsors. In the Dpinion oflh8 trtee. the carTrSru value i5 nDt merHly drffErenl from the m8tk2t value at the balance sheet dale alhough il 2eknoYAedgJ that there is a 54nthcant degree of unGert8inty In thts rmmEr1 propwty r[ket Tr element ofthe investment prtyety used a5 the TTUSt8 office is regnis as operatTonal fixed28$8tand t¥ ngtdepw¥W. Th¢ tharfty adopts a totsl return, basis for il Income from IL%ted inEnts recowised wh¥n recefv*d ty Iha ioveslrnent rrnn¥ger. kny related tax¥1 recovèTr%e smnredtratthe$arne time. The thartyadopts a Yotal rtriurn. b•sfor the itwestrnenl of its petrtHneM endvrtment The totsl rthrn is athated as a CDmpDnenl of the eDdDwrnenl kJMvn a$ thè unapplled totsl retym that ran ether be retsined for investrnent or Teas tD itvxme at the dwetion of thÈ TrustEes. Puthèr d9taits ol tFus can be found in the notss to thè financ4 statemenL Page.. 27
All Saints Educational Trust Slatement of Cash Flows for the year ended 30 June 2023 20Z2 Cash ljows frorn opeJlng acleS N&t incotne fortheyear Adjustments for. Dndends, interest 8j rents from invesknents Interest rerfvad Inierestpaid Drease ift debtors IDeCreas2Yin¢rse in erterS and gr8mtGornmftm8nts IGainsVLosses on LIW invesknents 41,533 (941.30n 1483.9111 12,7481 102,319 19,242 42,922 (318,3301 I,836) 14tr81 117.012 11.187 1237.5051 948.orr Netcash uged in 0ratIng acfivttres IF18.9731 08.835 Cash flowsfrom invest(ng acfivrbes Dwidends. interestand rentsfrom investsn8nts Purchase of investments PrOed$ from dispwl of investrnents Inte1 received Interest paid 463,911 605.8 13.753.6461 121456,82n 6,,050 23.933, 2,748 463 1102,3791 1117,0121 Notcash from rnvesfiny athitt¢g 5,273.744 1 965,824 cashflOvflOMfiManC•g activitses Bank loan repad 14,982,345) 11,726.7781 N¢t ¢a5h from flrrathdng athitses 14,982,345 172fi7781 Change In ¢ash and cash èqurvalents in theyear Cash and cash eQudIents al tÉginning of 5Ear (287,5741 673,981 1469,7891 1.143.fKO Cash and ¢ash eqtsrvat•t)ts at end of year 386A07 613.981 Forts purwses ofthe Cash FlowStal¢mert cash indudes (xsh at bank and in h8nd, revenue account held as part ufinvestrnent Portfol and the Capit 8ccountbalan¢e as part of iwtment pwio as is these otherawtyJnts trnugh in¥EsknÈnts arepurcha88d and sold. 2022 Cash at b2nk 8nd in hand Rwenue ac¢ounthePJ as p8rtof investryènlptyifdv) Capital accouJrt balance h8ld a$ p*tofinvesbnent porfvjro 104,472 107,834 174,101 87,757 182,448 403.781 384407 $73.981
All Saints EdUtIOnal Trust Balance Sheetas at 30 June 20fd Z16.0 12.621A 3.174000 11250.313 17.Q71.U67 67.7ST IThvdnÈrtpkn IQ7.&M 3XYg0 rrtntknthTts 148.191 11IOlf19 16.946 12 041 11947.091 11.905.$6¢ ¢4phai 13 1qni.49f 13 124¢.091 14 zo2t r*rAn
ZS LL L*wC
All Saints Educational Trust Notes to the Financial Statements (Coritinued) For the year ended 30 June 2023 Incofflefrw inv•strnonts 2023 IrKome from listEd 1Ntr5tsnts Refttal inwjmtr Intsrestre¢8Ned inojme 241,916 221.995 2.748 408,674 197,162 The total rerum bastswasadopied bythetrustees forthefiNfjrneln thpyearto 30 June2023.TFTetotsl retum basi5 aNows the lest0Tnv>5t pernKrnnYyendowedknnds b nMISe totsl retUaN5t0 ¥PY an appropriate porbtsn of Unapled totsl rtturn to incoffleesth r. ThelnJ81e8s made a tra¥fer of£440,000 to inc& in the yearforthe purp)3e Dffdlng the estimed grantaward and assorAated support costs. Tris dewign was aft¢rtthng a¢¢ountofthe current the neEdto pse al valuts of thè pPrrnawnter0S¥Mtend the reqvwpTnent forsuffiuortincorn•b rr¢intsn a wstent OlgtawardS Ispe also ODte 15). ChoJitabl¢ •¢ti¥ib¢s 2Q23 Corporat# awardscornmyded CoTporateaw8Thts rde8sed in thèyèar Scholarshipsano bur6aries to individua& Comtttte Scknlarships 8nd bursariesto lndfv5dSrVsed durfwtheye8r 32654 144,111 54949 (4622 362.8rT 119.340 218.367 kncGiated supwrtrA)Sts InDtè41 95.$08 458,485 89,429 307.796 Thtrlrusth&s taken the aHlabk exem0 wtdisclo$tth2 r% of grantpients. Andys$ofc0nr8teav•Wa$. scholathips and bursarfÈ5'. oradJustso the yw Awarded and ld In financw year Payabjewthln one year Payable in 1_2ye¥ 2023 2022 (22,6261 145,0841 32.QOO 229, 2.OOD 218.367 248,136 137.367 362,8Tf AS50cJatsd support Costs 20rs 2022 StaltcDsts lTh)te 61 &2nkcharges Heat. light & mantetsnc2 Less inve5trnentprwUon Offi¢t expense5 TEIEphone Insurance Less fftVthrtprWr0n 39,962 802 34.076 (31,3501 13.869 1261 9.292 18.5491 38.106 1,0 9.299 18,55 13,125 1.002 7,687 17,0721 Aco)wting and financial Pport Trg wenses Audkors. remunerabon- (note 51 2rtd professionalees 8.121 8.159 3.687 11.029 11,879 89.429 16A91 9.007 95,S08 Pagè". 29
All Saints Educational Trust Notes to the Financial Statements (Continued) For the year ended 30 Junè 2023 Audltors r8muneratlor Audittyrs. remunèration f0raseV¥1Ces". Auditors. remuneration- rewrrenlye 2023 11,676 4,815 6,491 10,265 10,265 Bookkeepiw atvj 8r4)untiNJ vAradw andsupport Prof2¥ionalfoes 764 2023 $48ries Sorii seclty Pension 39,058 37.178 904 39,982 38,106 The had 1 empbjee durTng wriod (2022 11. No cee (2W. llonel recavel lUments in x¢es5 of£60.00D. The key mgemrrtwS0Qnl QfthEtstthp[i5e tsTrLL%tees and the ClerkTh8tsts1 amount Orem0Yee benefits (IndudirvJ emplostr onal in5urdrts and penslon rae by key rn8n8gernenl pèrsonnal forth6yrsenAw to trtw8$£?9.9Q12O2z.£1Q61. Duriwthg pgritsj no Yrnentswere mad2 in respetDfTNstees' rÈmun2rntton12022.' Nill. Travel and outl pocketexpertses arrtOtiNJtO£2,62s (202>. £3,5VI werèAmbursedtO 712021. 13lknsts#. Tarty FW Issets 2023 Frahc4d trdding atvatU8tk At 1 Juty2Wid Rwaluation inthtyear At 30 2023 276,0 288.000 12.000 276.000 276,000 Thi5 Preserts thè porUc47 ofthofrlthid Invastmertpropertylhat $ u¥ed asth&TrLtsV5 thrs Iseemtr 91. L15t•d Invesbn•nts Matketvalue 9tfOvard xld.. A¢wIsonS atst 13,217286 3.7.646 Less.. Disp15 IPn>ceeds c*£r..050R0%1k%edlo8S of£1,907.9421 110,570,992) Net (defilY$UrpIs on rev[On 2226.272 8.626212 15A91.901 22.456,827 121,875.9051 18217286 Cash 2Ctcxintba8n¢e5 hdd as FértofNN&thent 1T4.101 403,781 arket v4vecaJrfed foTrthrd 8,800.313 13,1. i%twt¢al G05tataoJunE 8,W.731 15,027.761 Page.. 30
All Saints Educational Trust Notes to the Financial Ststements {Continued) Forthe year ended 30 June 2023 20fd martetYue brotf£vard Gnge in markelyalue 3.174,0 3,312.( 138.000 Marketvalue caThedfoard 3,174.000 3.174 000 A dèsktsp revVation ¢xwryse rfthtr invesbntnl propety 30June 20L was performed by BerUeArtMfght MRICS, of John AJkv4righl & Co charter gJrveyon%, on 21st Octcber 2021 Thi% É On the b8 of ope rnk V@ rmed the valuation. Th6 dwnerrt of the bu119 that remBfJS in usè by the Trustitsewis 11# sn fixed atr.he historiL c05toftheenttre b1¢9 is £3287280. 10 D8btrJrs 2023 Rwtsl debtors Prepayments and a¢wed intyxn& 40,38B 3,98KI 29.133 34.457 11 CredltOTS: amounts falong duewknln oTheyear 2023 2022 Grantsmrnmitted but not atthe end oftheypar crUS and othercredltors 289.2 115.316 5,841 122,6 457.897 12 Cred[to. amotat11n9 due afternbJr& Ihan on&year 20Z3 2022 Long tenn loan Grants mrnmTtted butnotpwd aitheena ofttya¥ 17,655 137,367 5.CNJO.OOD 41.396 Its.022 5,D4l,396 LLKn sKured by aftxed and IbatirvJ (wg8 tywthtr ¢FwiV$ trN&strnpnts ond cash dep) held wth the llwesDn8rt M. Although the k)an 1$ thwretscdly repapble cn demand, there L* no tridi¢atson that the lender Y11 call in th2 loan thIN the next tsvelve montN8. Tr total faty availthe under the 108n is £7J)O.000. htsrgsth% paeCntheI0Sn atLIBOR 4 1.5%. Page.. 31
All Saints Educational Trust Notes to Ihe Financial Statements (Continued) For the year ended 30 June 2023 13 Moyement on ReswvA$ UnT&stsSrted Fund5 Endowment Ftsnds 2tr23 Total Wrent year Fund balances broughtforvArd 1,244,091 10,661,473 11.W5.564 Net inc0m81lexpdrtuTe) 145&48• 191,602 1266.8831 Gansllb5s6sI on invesknent&8sets 308A16 308.416 440.000 1440,0001 Fund balances carriedforward I.606 10.721A91 117,097 Unrestricted Funds Endment Funds 2022 Total Prtoryear FU bal8ncs broughtfonvard 1,070,162 11,7T6.709 12.846.871 NetiaMlIeXp¢ndItsJreI 173.929 1162,8881 11,041 Gairksllb55esl cn investment 8¥sets 952B48 952.348 Fund balan5 carried foward 1,244.091 10.661,473 11.905.564 14 of NetAss2ts befvJeen Funds CUrreyear UnTEstriGted Funds EndowTh8nt Funds 2023 Total assets lincTLvJing nivestmentsl Current 8ssets CrEditOts and grdnt¢>imrnttments Total npt ¥S5ets 1.418,580 256,654 542,2151 0,831,733 12250,313 256,654 1559,8701 I7,5) 1225,6D6 10 721091 11947.D97 Priorye4r Unrestrictsd Funds Endowment Funds 2022 Total Fed assets linduding trwestmitsi DJrrenlass8ts Creditors and rdntcunmitrnents 1,409,594 3,790 1499293 15,661,4T3 17,071,067 333,790 5.4992g3 5.000.000) Tot41 netassets 1.244,091 10,861,473 11,905.564 P3g& 32
All Saints Educational Trust Notes to the Financial Statements (Continued) For the year ended 30 June 2023 15 AppliLion of total retrrn to permanent endowmÈntfunds Trystfrr Ive5fMertt Unapplied totsl vptrm Total 20f3 Opening value ol endowmet)t Grft t[nent of perTnanantendovdment Urmppfied to rettjm 9,7.000 9,700,000 981,473 1.473 rotsl 9,700.000 961A73 10.661,473 Invssknent in(xyne Costof raIng funds Imfethentand ¢thergaYLsand bsse 487,884 1276282) 308.416 467,W 12762821 808,418 500.018 500,018 UnAppld totsl rern aWte¢ to ineom Net MoVeNtINtheYear 1440.OOD 60,918 1440 000 60,018 Opening value of endoThÈnt Gfft¢omponent of pwmanentend(Awnent Unappfwj tptal rèDJm 9.700.th)0 9.700,000 1,021,491 1.021.491 9.70 ,Do The owinalvalue ofthe gttt ¢omponeTht ofthe permanentendowment Df £9,700.0 was Wdlued on 8 october221. The trcL%tees aim to mwntan tha re ue ofthe permanent endowrnenten considering amounts to appr1 to income and co1derthatth current value of thetDtsI permanent endowrnent is greatarthan the orig1ft 9ffCmIent afterapptyryng an incrementfcr tsrm infiaton. 16 Leasing Commiknents At 30 June 20TJ ttte Trjtst had outstsnding cor¥Tmthments for fubJre minimuffl le& payrnFnts WLdernoTrcancdL8Neoperdting lea&fys. asfouows.. 2023 2022 payable Due in tess tsn oneyear Due inHo- fweyears 397 954 397 397 1,351 2023 RtReCeiVable Due in lesslhan one y&8r Dup in bvo- fiv8 spats 221.995 207,282 429.2n 221,995 429,277 651.272 P89e.' 33
AJI Saints Educational Trust Notes to tbe Financial Statements (Continued) For the year ended 30 June 2023 17 Finan¢ial Comrnthents In Ihe 201W19 financi year the Trust made 8 firrancKg1 c¥)rnmrfmt for 8n iThvestrnent of up to USD 2,000.000 in lat? wuity. Total Capit lS in the y&ar amountsd to USD 225.000 IT0.. USD 1208,0001. 18 Refated partyS¢10ll9 re are no relatsd paty transarthns to disdose for2023 12tr22'. none). Ther8 are no donations ftu rd8tsd parbes whkh outside the nonnd oyjrse of bjs8$$ and no rethcted donabtins from rel8te(I Page.. 34