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 Tr￿fjtee- 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 Kat￿ine'S College Tottekn was
ounded iti 1878 orL the iniliative of the
SoaetyEorPromotins(hristianKnowledse
(SPCW; Be￿idge Hollse Hampstead in
1893 on the irritiative of what is now called
the NatiOr￿ Soaety (Church of Engl￿a)
forPromtitingReJigious EducatioTL ]n19(A
these itisti￿tionS 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 Bo￿a). Refiecting the ori8Tns of the
conskntuent instikntioDS of the Nfjddlesex
College's Pred￿Ss0r Insti￿tionS, 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 MIa￿e$eX PolytedwJic 2nd llwnl*rs aPpOi￿ted by bDdies
with the cy-près app]ication to follow, as
representins the Colle8e's past S￿dents
ne￿ as possthle, the orivrthl interLtions
th￿e 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 re￿￿Y
aIn￿dea in 2019-20201 allow the Board to
c(Fopt a¢iditional Mernb￿s and empower
the Bishtsp tsf London to appoint
The Tzttst andits 8oYernins Scheme
A Schememade by the charity co￿l￿]$$iMers on5thFebrEwyIY19 providedforthe thaxAty
a&setsbeaduJiz￿tered asa simgleclwityvnderthetitIeA]ISaints Educational TrL& The1979
Stheme (amended in 1995 as rewds investn￿t poweTr) Tem2ins the s0ven￿ng instrnmemt
of the th￿lty. 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 all￿Iller &swill advance
education in accorda￿ with the dodriTW, rites and prarti￿ of the Chvxeh of Engl￿d or of
a churth in COJllULWllQrt with ig. It is to have trgard to the needs of trainee teachers,
particularlythose at what isnow Middles￿Lun1versXty, and to the advancement of education
itiethnically diverse areas.TheSckne identifies certainways inwhichthe TntstincoMen￿Y
iE used to adVa￿e hJrtheT or highet edllCati￿ but this may also be acFaeved'in such otiEr

ALL SAfNIsKi)UCATIONAL TRUST
FORTY.FOUATHAh7￿AL 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 reSea￿h in, and development of. educatioN particuIarly in home etonornics
and rejigious suiry'ects;
(d) protyiding teathi￿ classes,lecEuts, bcm)k5,hb￿1es. ar￿ oth￿ resOuw￿. and
(¢)proFidingand condttttins a thaplaincy for thdents starf of the MidaJe5ex Polytrchxllc
lor assisbng d￿re1￿). (At presern¢ however, Middkex uniVe￿ity Poli￿ is to make no
re]iwvswovisionunder the universitys auspice6.)
The Board and its Comwthttees
The Foundation atb Trustee through its Ma￿agernt C07mittee fthe Board1 whose
memEers dulins the actDvrLtin8 year, with the basis ynd term of their appointmaLt and the
Con￿ltt*S onwhich they serve, wvte as foJlow5:
The FO￿ndatiOn 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
o￿l$tia￿KnoWIed
Bishop'5 Councll of
the Diocese ot London
National Saoety
2021
Fir￿￿e
ProfAnthonyRfkeds MB BS
CBiolFIBiol PNutr
MrDerekHo]lowayBEd
Award5
Aw8rds
MzftEchad C JatobBSt MA
PG
Nationalstitity
Awards
The Bishop Of Londi)n
2021
Fitian
Ivfts Reb￿lF8￿}inSm B
S(xietyEorthe
Fropagtionof
tianKRowled
The Bishop's Cound
Awatds
PG￿,Trll￿H
Mrs Frdntts M Srnith CertEd
2m
s(*iationof Past
MeTnbers
ReSI￿d 1st J￿e
Awards

ALL SAINfs EDUCATIONAL TIiUST
YEARENDED jo"J￿￿E 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 <oThpondj￿g meeting in thè &ir5¢ second or tlurd year thereafter, as the B￿d
may decide. Any co-tspknon may be rthewe
Name
Date of B(XTd Meetills
when 1&8t c
Tern ftsrW￿th
2021
3 years
Awards
MrAndxewNfidgley BA
FC
fy DavidWfjsonLLB,
Appointedl
teuther2022
Covetnance
20
Mrstephen MBrookerMA
FC
FIxL￿Ce
Gov￿e
2022
2019
Mrs BaTbataEHaTheyM
December 2021 (seè
above
Govemmte
2019
h£A Di
AW￿d$
23November2022
The Board three Conwiittees, every Enerober seNing on at least one. The Finan
com￿lttee norn￿lly meets in October and in March or ApriL Aided by an ￿veStme￿t Su
Conunittee it secures the delxvery of policy obiectives by en$￿inS adequate rÈsourc
iti place to ll￿t tkn Zt appoints the Trusys professiorol investtnent ￿￿tha￿er$. 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 ¢1￿1ty 8overnantr having to Charity ComThission
cOnYna￿ati0n$. workin8 in a transP8￿rt Th￿￿er and eStablish￿S 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
recOr￿endatio￿S fr>r Corporate Awardslor approvalbythe Board.
In April 2020 the Boardrnade a Resolution attthorAsin8 its conunitt&S to meetTrmotelyrather
th8nirLpersorL Thiswasnecessitatedbythe co￿aPa￿de1￿1e,btttt￿eRegUlationispetManeThl
At the same till￿, sintt the B￿d could notauthoiise itselfto n*reuLQtely, ltestabj￿hed an
Emergency CouLnitteetowhithit dele￿tea all itsown powers so lonsas meetingrestrictions
eyisL The Enwcy CozKWlittee has thesamemembership dstheBoard, butknefits fromthe
Re8uLation a]lowiThs Co￿￿Itte￿ 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 A1￿u￿ General MÉetins of
the Foundation AS also held) it receives a wort from the Fxnance Comnllttee, considers and
approves the draftA￿aU81 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 CO￿￿nIttee5,TeV1ews theTJJts¥s artiVIti￿ and finantts inthe CLUTent
year, sets policy obieetÉves £or the ensuins year and beyond and considers award
reco￿dationsE0I endorsement and approves corpozate aW￿dS.
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 con￿￿510Th 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 profesSE￿al aclvi5er&
Tn￿tpox1cY and prattite illthe mana8enientof assets ¥na appIicati(Fn of income
Tn SUPPOTtsng educationfrom the T￿￿t'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¢jlln￿Y made to those aspiIin8 to teachthese
subiect5. The ￿0t￿ts and review of actsTrryties which follow indieate ynmore detail howthis
policy ts xJnPlen￿1ted.
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.
c￿￿ent investtnent, fimanaaL accounling and Iisk mana.tremerLt poIicies appear iTL the pages
that follow. More detail is wen ixtbeReview ofActri￿tie

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 tsutsov￿d to Accountsbiiity Europe timite(L The Trust does not engage in active
No eomplaints In relation to funthaisiDg activities have been t￿lved the
perio(L
Offie&'
KnlgfAtrlderHouse
2 Kuigbtiidercourt
Telephone:
020 7248 8380
2set@&8eLorg.uk
Web sits..
EC4V SAR
Ba]dtsr5:
CAF (Ch2rirfts Aid FO￿ld*￿￿) 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
I￿ndOn
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 Rese￿e$
Grant.Makiug 2nd AccouuliD& together with po]iGies on accepting Gifts aud EutertaitirneuL
ProcureLuen¢ Safe8iwding and D8knProt￿IioD 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 a￿t0."
Maijjtsin there￿ vaJu¢ ofthcTnJsVs illvestment &$5ets wh]1¢ secknu& xvithinth¢riskparatll¢ts
setby the fm¥tee4 opportyuities forcon5idwatioll tsryth & view to itiCTeasingthe real value ofthe
assets
Withiu certsin iiskparameters to n)axttDiSet0￿ re￿ and therebyto foud thel6v¢Ls of
xpeodititye approved by tbe Tr￿tre
InptThiing tbcse objectiv4 the foIlovqtygroJicies aTE appli&L.
The portfolto include aproportion of fixed interestgnd couvertible 5eouitics to prmid¢
se¢wity of incoll￿ ¥nd capitaI
UTJdiknTrbted incomtin wyear cau bemade available fotdistnlwion in SubseqL￿1tYe1
sllbjectto the ovcr2ll tt2aintellanoe ofthe real Nxlue ofthe portfolio
Fu4L% sh￿db¢ investe4J tsprovide4n optimutu leY¢l ofoverau withthe
levd ofrisk egreedwith the Trusvs investmentllwby the Invesknent su1￿COn)￿lttCe (7S-C)
The ityvestment ￿ana￿ermy￿be free to invest attheii discrdio4 subjectto tht Tn￿t, StyaiJ)able
alld etbical inve5tsn¢ntpolicy atLd gjxy otherguidance froln th¢ t&c
Thc Tn￿ will FJOthol(t inve5tslleDts irL FDthr¢s oroptiou COlllTrcts orsimilar iL4tnTrJents.
The followiDgproce(bJre$ 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 3￿J[[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¢rrid￿g 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 ￿ cxpCrti￿tttCtt￿2ry for
org8Disation81 effcctivcness
Thatrernunmtion should be tspit3ble alld cobctellt
To CODsiderthepU￿Oses, atin$ 8tsdvah￿s ofthe TnLSt
To ¢Jsur¢ tbatpwleve]s ￿paY]￿¢T¢8SCS are appropriatr given thepritiJa¢y of cknitable
t.rtMking
The Thjstee CODsidets the]llajorIisksto wbiGhthe T￿￿ti% 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).

￿LLSA￿rs 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]1￿￿111ty of apotenti
award4 whetbcr
goveD)Èuce, le2diDg
to reputational
Expert DoJLiuat¢d Or¢￿0pted
members. Re￿weetings, all fj￿Y
minut¢<L PubJicatioJJ of awards in the
ArtllualliepoTL
. Comp¢tence
inte￿Ity 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.
A￿￿al review of offic¢procethw
Sec￿lty cojjtrols by Fittati
attention to needs of
pot¢ntial b￿¢fiCIaTieS.
4. Suddett loss of
recor(ts OE petsoJtt¢l
Di$ll￿tion ofpro¢th8,
iuteIruptioll of ch￿Ttable
activity.
EsselltiaLr￿ zrew8irLtaiJ¢diJn
computers atsdarc alltornatically
backed up. SoDe overlaps inp¢r50nai
skills and systems aw2rens%s.
5. ￿S of illvesbmt
Disrtyiouof proc&lures,
105$ of office and
interTh￿tiM 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 a￿Te￿Ilr¢d to show if there is auy
eoDfict of illte￿ Ths is reviewed antsuatly.
The Tn￿t'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 ¢qU￿alent to six
month's operating wenditure tog¢therwith a￿O￿t of £50,000 to allow for lluEzpected TrTari2tioJJs
iry investru¢nt illcome or em2rgenry gr8￿ assistance. This equates to aPproxi￿1¢1Y £125.000. At the
ba12u¢e sheeté4t4 free r￿￿YeS were repr¢Eentedby the Trust's ijnrestriGted fiwd5 wbich alllou￿tedt0
£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 ￿It￿r¢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-m￿l
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 ￿lt￿la￿[epllbJ￿ on ourwebsit4 sp¢cificaUy the tau Support those
intendiDgto p￿S￿e.
A proftssioJai teachittg quaIification leading to Qoatified Tea¢h¢r Sta￿, stth &% a P05t
Grath￿te Ceruficate ID Educatioi
A classtoom.based trainill¥tobecottTre a qusjificdtcachcrsuch as, S¢hool¥centr¢dinit￿l tra¢h¢r
A first dtt￿ whichb25 QTS (or eqtiival¢nt) ￿ ats ]llte￿I 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"
ThCTr￿St doesDot petSQDal awards to those itr¢Ddillg to punuc:
A'fOund￿lOn. orfitst-d¢greepro￿ew￿1¢hdOes0ot1llClllde QTS ￿ auIllt2￿aI ¢omporLetti
A higberdegree orfitrther qualifitration Fryththe intcntiottto join thc cducalional'civil serrice"
A doctoral d¢Breeto cauy out eduC￿lon￿re1#ltdre5eatc￿notr¢1tw3llt to Cla￿00￿teacb3tt8.
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 ll￿de 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 Econo￿3(5
(including food alld nuttitioll educatioo)" Desigtt 3ryd Technology (including textiles). This sUPPOrt c
ittc1udetheprov55i￿lOftsi￿Ing{IncludIQg¢0￿I]llllOUSprOfeSS1Otsal developm¢ntl. clL8SFoomandooIille
Sthtemen¥ o
Tn&stteRe
TheTn* aclingwidtt directioll of th¢ Board is r¢spon8ibl¢ forpryaTingthcAnuual Reportznd the
fiusncial stateThellts in accord￿ce 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 & w￿e$ r￿￿re8￿C ImLstset(I pr¢patc fiuaD¢ial ststewtnts
for each fi]JaU¢ialye￿Wb1¢h giveatrue and fairviewof the state ofthe affai￿ ofthe ets*ity and of thc
KDcoming resovrcts and appIication of rc50urces of tbe charity for that p¢rio(L IJ prep￿ill8 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 acCo￿ting 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<rnbasis wJks$ itis Inappro￿late to pr¥5umc
thatthe C￿lty￿Ill coatinue in operation.
TheTJJsi¢eis responthle forkecpingprop¢raccovDtingrt£ords that dis¢los¢withreasonable a¢cw8
at atly time the fiD8ncial positioll of tbe cb&ity aud ¢nable them to et￿tre that thc finallci315ratcmetsts
comply witb the Charities A¢1 2011. the Ch3rity (Accowxts aud Reports) Regulatiojjs 2008 and the
provisions of the ¢h&ity's goveTning instnjntent
TheT￿￿ts alsorespo]]sxbLe ftsrsafeEuardi￿thc a&%tts ofthe c￿lty8nd￿tUcerOrts1lugrEyS0nab1e
steps forthe preveotion and detectitsD of fraud attd otheriTre8ukne5.
Thetotal wss vÈlu¢ of theTnJst's iJNesttnetttportfo]io at 30 Jllne 2023 was £8.800.313 (investment
porfolio) andthe vylue of the illveslmErLtprop¢rtya5 at30 Julle 2022 F&8 £3,450.000: tbis h35 not
be¢nrevalued for2023. For they¢tr endcd30 Jrue 2023 the iuvestrllent income ggllerat&J fromthe
Tnt5t's total iuvesttllellts (inclttdiJJg the investsnentpropety) WdS £467,884.
Consideritig all therelevaotiJJf¢xmation available to it attht time ia Nfarch 2023, attd baving regard to
the decisiouto chaugc to aTotsl Rettxmb#sis and iti cousultation with th¢ T[￿$t's inve5tm¢nt mauager
UBS, the Trustee agreed that the Ma￿lu￿ omou]Lt of woney available for charit2blt ¢xpenditLwB
2023-2024, induéAngforwaTd Gonnnitsnents for CorporateAwards 2nd individual aw2tds togetherwith
8d￿]￿l￿tratiOts and governattce costs. should not exceed £373,454 being tlJ¢ ¢stinuted sum avaiIabE¢
(nct ofloan inter¢8tand Dunagem¢nt fees).
The Tntstees oper* aiotsl retsjrn po]i¢yfor inY¢stsllents and take a long-term vi¢w of iu¢om¢ and
capital gaills. Thi$ allows themto blldgct for deficits from timeto lime to maintain arelatively
COQS15ttntflow of 8rantfulldiDgill tbc are&ofbenefjt. Thc total ret￿ll is xllotiit¢red closely throughout
the Y￿ 0ri8itid forecasts 8Te rnllsedwhen appropriate.
OThrJo]nMidgiEywas 2ppoiutrdaDirwr aTLd chairoflb¢ Fin2n¢¢ committce on I. Septe2XEl¢r
2022
Ms Stephatiie Val¢Dtine resi8ts¢dss *Director on 23 Novemb¢r2022
MrsFmc¢5 Margwet Smith re5igDedas aDirector ott l"jw￿2o23
Bi>th Ms valenti￿ and Nfrs Smith ￿v¢ long and di$tswushcd seTvi¢¢ to the TnLSt aad Jnade all￿J0r
ContrTh￿l{XLts) thewoth ofthe Award8 Coullnittee drawillg on th¢ir ¢Xpertiseparticul￿fy ID tbe fid(
of Home EcottthDir5 alld ¢ducatioll. We thajjkthew fortheir devoted work ottbehaif of the appJi¢8Lts
tbey support¢& both in res￿Of indxvidu21 ADd CotTrorate aw8rds overuwycars.
io

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 prO￿de
addxtional SOUTC£S of and capitsI growth. The iuitial pUrch￿e on 30 July 2012 w2s for £2.2
illion at)d sJbsequcntTefjJxblshn￿ Costs tot￿ed a further£l.I nJiJlioL The curr&llt nMket value is
esti￿ated 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 M￿0 Litwted entered into a lease viththe TDJst on 24November 2014
for&term oftenyear5. forpartofthegrouDdfloor8ttd basement AnI￿gETe¢￿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 r￿e￿ those app]i¢ations oll]ine. This Jjew process h35 been very
succ¥sfiJl sn4 S￿bJ¢¢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 w￿k is ¢uzrcrLtiy uodrny.
TheDirectors keeDly look to attract app]ic2Dts as is contitsv¢s to bcDrgelltneed tu train and retiin
a¢hers of Religio￿9 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 COn￿leted applicatiow wcrc considered from 26 Home sttthnts: awards were
]n2de to 17 sdthuts representiog atotsl cowmitrient¢f £54.000 forthe new app￿¢￿ts in 202￿4.
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 Tn￿t Is adively looking at altullatrve Iva￿ to support (IreTh¢a5 Students so that they can mdyin
theirownco￿trleS andwillwrtwlthre1ev8￿1Colporatrbodies wbo providesllch wpportalldtraj￿lll8.
The Tr)5t ts also looIaug at ways irl which ￿￿tChed fill￿1￿g call be provi&d by other pbknopic
orgaDisations to help to fiwd(fveTseas 8bJden
Coryor#te Awards
FifteeneOxDpleted¢o￿Or2tsappjIiations wcrec0n8ideredbytheA￿￿[Lg ￿>[￿MIttee inMay2023. New
aw￿ were agreed five, with & Co]n￿ltreat in the first ye2[ of £104258 followed by thc second
year (20241251 ￿nIm￿tinent of £35200 and3 Ihirdyear (2025llQ of£28,700.
In additio￿ th¢ Conllllittee a￿d to continue awÈrds for thrce existitig 3ppJicants whos¢ projects had
beensUpportedintbeprETrioTLsy￿wltha¢oM￿I￿wIEof£87,929 for2023f24aod£60,467 for2024125.
New GOn￿lit￿ents for the fLJll year totalled £316.554. Con2tDitLuents for Corporats alv￿ from prior
yeazs outstauding at30Jull¢ 2023 wete £44J96. giviugatotat outsta￿¢0￿101tr￿ellt at30 J￿e2023
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 0￿cOlLe8 achieved This is a contill￿g 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 CO￿orate 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 T￿￿t'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-Cox￿llitt￿ chairedby Mr Stephen Brooker. continlles to ￿ out its d￿1
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¢ TOtsIRe￿llt0 be mad¢ aTrniIable forawarts SPEcially at its spritigTreetin
On advice from the Fit)ao¢e Committ¢e. itw&8 a￿etdbYthe Board tbat th¢ drawdown percentage for
2023124 wouldbc 32&h wbtchwould etsable the Tnst to meetits ens￿SawarOS cotijtijiknents for the
year in questiOfL
Th¢ fiuancial stst¢ of the Tnjstattheend of202>2024 is fitherd¢tsii¢d in5ectionB andiuthe
AJllual AccouLts).
(d) Fu*urePl&NsondObjethÉs
The Tn￿ 15 keen to eJJ¢ow applicants. ConSide￿i0￿ is being given to eueowagng mtsrc
app]ic2tions from Overse4 w1￿CoUl$￿5 canbe¢ompletedirnhoTDC Coutitries rntbertkntheUKwith
its additioDal overhe2d¢05ts.
A sttccessful Awards StrategyAwdyD8ytook pl¥¢ in September 2023 whichwill eDabl¢ tbe Tmst to
Sjrtberrefjlle • givjJJg￿lorities for2tr23f24 2nd beyond.
(e) The frx¥t'sbÈnefi¢wi&s," &ndthe asturttRC£0fp￿bXte brfnefft
The el¥s of 2022-2023
Thep]ioGipelworkofAJt S8intsEduc*ionaL TrustreTraItistbe]n¥Jangoffill￿ClaI 2WBrd8toittdividuaJs
and ￿0￿>￿￿te b)dies to und¢rrake tsr contttiue pro8r3row¢s collsollant Fith the Tr￿St.$ ¢baitable
scherlle.
At the rlld of the year under review, the T￿￿ has an otrgoing finocial or other ￿mMI￿eat 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 ￿de￿ie
progress of Sty￿ellts s￿orted by All Saitits. The FDw)datiorL rolltujely heats of 'our' students
graduatingwith firstalld uppersecolld-class de￿e¢s. Thattbi5 is the rt%ult of 8Ddundoubtedly
to the h2riL dcdic2ted work that tbese s￿dellts put in, soroetimes despits the most vufavoutabte gnd
dis¢outawgperso]Jal cirq[[￿￿￿Ce$,. butital30 iudtcatcs that the Foundatioll'5wocethJres forsdecting
Dernonstrating'Publlc Ben¢fit'
In consid￿]ng￿e C￿lty'S activities 2nd the flljfjjm￿ttsf its obiectiyes. tboB02rdtakes fi211 otyCQlliIt
ofthe c}￿Ity CO￿E￿IS$loll,$ cumit ￿ndance 'public boDefit' and confiw its comittwit to ttris
and evidentfu]fJment of it.
13

FORTY_FOURTA A￿TrAL REPORT
Scholxr5bip Ey￿￿atiOn Report
Th¢Boa￿baS arigor¢)vs. attdtr8warentsystemfortyvaluatingthe'owcomes' 0ftbeV￿7ouS
cla&ses of aw9￿Jnadc 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 acad￿1
prorne Kttpporred by the Tn￿t. It is pleasiDg to report thatret￿ll 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 perftsnnaj￿e 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
adnJill1ty￿Iott ofthe ¢.g., thepayment of grdnts, audtbe response of staffto reasonable req￿ests
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$e ¢ontenL teathiD8 qUAlity, pastorgl cate and learnan(p outCOEllCS wete
nwstly exceU¢nt and goo(i Respgwes regarding the thill￿tration of the Scheme indicated Co1]￿[ete
satisfactioJ4 Wt¢houtex¢¢ptiorL
Corpor4teAvgrd$ 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 It￿1￿￿ 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 infrastn￿tr￿e forthenew Centre aud to desigD newPGCEs. Sthstallti￿ pro￿8$ 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 oTignallypL￿I￿IWhI]8tretr#LDJllgWith1￿bUdgCt The
Pro)￿t￿l8 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 fello￿b]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' p￿CePtiOnS of their
eriellc4 to train teathers as researcheT5 and to share tbis approach Ino￿ Ividely a￿osS th¢ FE
c0inzuunity.Aresearchassistant]￿bee￿3PpOjllIedtoa￿d1YS¢a￿d 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 develoPn￿ntof 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 tkn￿ryth the laowl¢dge audpra¢ticaLskills
tkny u¢ed to eDgage childreu in leamillg #bout foo(L uutrition and Sustsi￿bl1lty. 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 Fri￿ary 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 topi￿1 vtdeo recordings desigo¢d for
U]llversity (bTExeter
Fundingwas given for'EducatiAgforhedth'. cre4tiL8 he8lthpr0n￿Jtig 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-tr￿lS 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 consti￿ted
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 fi￿ere￿uati0ll 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 prO￿0b￿g 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 WiththeprOb￿aw1lle. topr0videone-￿ollE]ne￿torlQg￿dt0pZ0￿dea subsidised
Pla￿ on NATrE's Confer￿Ce. 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 ruts￿e dev¢lopmentas RE tsatber8. Qjality of leatDiDgThryll
be itkcrnse4 t&e fdte of retentii)n Fryll iti¢ro%e. meDtors wi]I develop profess1oj￿1y p￿cIp£￿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¢seincb￿edReJigIoll &BelAefR02dshows.
'Meet the Faitb, v￿lts by faith practitioners of variou5 fakths to schools, ￿e￿bJIt*, workshops and
Visits by schools tv places OfwozE￿"P InI£it￿$ttr. The sthoo18 werc fJorn asvideg¢owbical spread-
five counties-Leice5t¢rsli4 Notthamptoll sbir4 LtscoJDshire. Wtyickshire ond Cambridgesbire 2nd
the C¢lltre woEkgJ with five n¢w schoob dwing this perio(L TeSti￿onIalS ￿]Ved from both childrell
I￿￿teaChers have beenpowerful aud a￿r￿￿￿VeandtheIr￿0[kiS 2ddiDgvallle to existir8 eduGalionin
scbools.
Tezthles Skills Centre
Futtdiug Wds for tbe Centre to (tevelop t pilot pro￿¢ '3ecoDie a Great Textiles reacher,.
Th3s almed toprtsvide swpoztfor50 trailleB 5tudcnts teacbers,. Earty CareerTea¢h6rs andnf)ry-specialtst
teacber5 w0dci￿g in textiles ¢lassrooty. The project was launched in sePte￿be￿ 2022 alld w&$
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 ￿o￿vatiOn 55.20/0 fmdizg ways of raising the profile
oftextileswithintbeirs¢hoo]s. 611ts/t*bavelwillbeupdatingtheir 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
S￿sIons 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$. W¢binarsbaV¢8'reEioualbreako￿rfjOm. where 5Ghools froTrthesaty¢
discuss Jnatters important to them alld get bespoke assisrauGe. Teachcrs discus5 Potential
pattrerthipwork2ndtxchang¢illTritstioJJsto on¢anott￿'5 Sttes. Tbe impactoftheHealthyPlawoutsds
Programm$ ]w ￿¢￿ positsye with i1￿[easing iiiter¢st engagement froro schools and Dth6r
tskeholders &8 w¢ll as reCo￿ltiOn of the 5ucce&8 of the￿ projetL> ￿dIff sGhools. both wim8ry and
special schools are engaged inth¢ projectaDd￿t￿1ngthCJr HeatthyPJaygtOUllOs well 2udthechiLdte
ate &xcitrd 8E4)utfood growiti& tsstingttewfoods and loarning olltdoors. FUtt￿p￿s illclude adaptiug
resout¢es for a sttoud3ry school proie¢ creAtei&wTh on the tole o£po]]iugtor5 3n food gr￿J￿8 to
¢reats ¢nteIpriser¢sourccs zndto build on th¢ on-lsne forD￿S beg￿vI￿teach¢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 econo￿lc5 application for health iwprovemenL for a futwe
12Tgtrscal¢r&￿timI5ed trial of adietinterventionforprevention aJJdreTnission tsft￿2 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 ]￿lLe￿On0n)ics &lucatiOll b￿18 for a low cosu locally 5ecurei culturally appropriats
inte￿entiOn to achieve diabde5 preveutioll attd rttDiSSiOJL Tkn Trvlll be eTrpha8is on the nutsitional
16

ALL SAifus EDUCATIONAL TRUST
FORTY. FouRTHAN￿ALExP0RT
IEAR ENDED 30th JUNE 21123
eth¢￿IOtt audhome econojnics compe]Lellts of theprojecL The ￿terve31tio￿Jnch￿Cda dietproEraTUTue
of eigbt sveeks loTh'.calori¢ diet forwexglts los4 follo￿d by 24 weeks of weLgbt1055 niaitit¢naDce. The
projert statted ￿ryth overweight patients witb ￿l$tillg tyye 2 diabetes fronx thc hospitsl clinics ID
I(atlmiandu in m￿Ch 2022 is being deliveredin diabet¢s c]iDiC5byNepale8e di¢titian$ 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
JLed1G￿loll 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 [ntern8tioE￿1_ S¢ho]arship5 for feJFJale teatheTS
Thc Trtsst a two.yearavmd itL Octobcr2021 to pr￿￿de scholatsbips to fem81e teacher4 with the
object of incrwing the nwnber of fen￿1¢ students iti South sud￿ 82 applic2tioDs were re¢¢iv&l by
Win(lle, 8ud aftcritikniiews 22 ren￿e 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
TrdillillgC0lle8einy￿bio 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 s￿dentS in Juba live ill theirhomes aud travel to the college 2nd bave fr￿d5 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 performa￿ce 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.
W￿d]e Trust I￿ternatiO￿al-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 irLug￿da for siudellts from slld8￿ South Sudao and So]Jalia. This
Fas a pilot pro￿¢ with ten scholaz5 bewlli3Jg a 2-year Master5 Pro￿￿¢ aLL￿allY for 3 y￿S
with scho]8rsbps spe¢ifica]lyinEducatio]L Public HealttyNutrition audFood seC￿lty. Th¢ applicatio
windowrnu fromJauusry toFebTuary2023 457 app]xcÈtions. EliBibiIity $tteening, sbortJistsng
illvitstiow for int&view w&8 cA￿led ollt in Masch 2023 2Dd a Schol8z5hip AW￿01￿8 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 Septe￿ber 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 wmTDU￿ty.
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 S￿dEllts bave received
very good trsults for 2022123 froty Abfad UJJiversity and move onto the next leveL How¢vcr. the
iJitJryjDstsbs￿tylnthe r¢gionwill affeGtthevithiIityoffhcpTojectandASETis worknDgclDselyMrith
the Women's Eth]catiou Partnership as to how best theproject Jnaitstsine
17

LLSAllYIS EDUCATIONAL TRUST
FORTY_FOURIFLWTAL REPORT
yKAREh￿ED 3PJuNE 2023
Wthgu Project
WJFugu arc iti th¢ second year of a tkn6-ye8rwo￿Trc which al￿ to tb8t ixvolved 5ll
Vocational training Co￿$t5 havc at least the r¢quit*l amouttt of practi￿1 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 bO￿kIwith Cote D'Ivoire achiev*1 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 ￿l￿ation which pThioJsty chaTactrri8ed the
i¢ipality, due to thc job opporthDitics it ha5 creatrd Grauts ￿tLY¢d from ASET wellt & long way
tts s￿Ill theirpYactitaI work io catuin& dress waIong attd Tic attd dye batht le550ns. F￿ding 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 TMhattheysaYaEth￿thtIr&cknteVeTll1ents aDd aboutthepartplayedbyAllSaints Eth￿atiOn￿ Trjst
itiheipingth¢mto S¢CWB 5UC¢t&% orto taketheirliv&q forwatdinadifferent aLdEllorepositive directio
Her¢ ore a $elertedJllEtJb¢r of COmTrCLts w¢kavere¢eive&.
Wondafvl nepvs thatASEf wrll Jvork 14 Nopth¥rn We ore konourtd
ThegÉnerO￿&TGnt￿suFAw￿rn￿iOtroIgts$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 ¢nornth￿1yfvrn ASETJS wportfor 7viiI dwoys be
grstr£fyL tWvluBu Projectl
Your ￿e￿n$ 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 re*ch rvrn more thousonds tsfyoungpÈopkein stkool ISPCKJ
Thank you fop yollr letter infonhing tlte BNF on thrf su¢c&ss of its Opph￿IDn - 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&mc￿l0￿ Work This hLs been ¢ye4r Ivhzck h(x¥ very vÉ4chfdt to 41 fÈtsrn to thepre-
e￿Id ere some new, Oddition￿ ttchiev*xÉnts which we &re weryprou& [St Pbthp's
CeLtre]
18

O¢llatioJl
LTteesforCitiesl
lJa4
Th¢AniTL￿RePtsrtWaS apptsv•lhytbeTr*>s Colo*￿0fmAn2g￿<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 Financ1alActi￿tie5. 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 Practi￿1.
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 AL￿110￿$
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 fU￿lIed 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 Con￿rn basis
of ￿)un￿ng 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 jeasttWe￿e months frorn when Ihefinancial statements
are auttrK)rised for issue.
Our responsibil￿e9 and th8 resportsiblllties of the tnjstees MVY rtspect to going ¢oncem are described
in the relevant sections of Ihis report.
Other 5nfornia￿0ft
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 othe￿ise 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 re￿iVed 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. Res￿nable assurance is a high levd of assurafi￿. but is not a guarantee thatan
audit conducted in aciordanee with ISAS IUKI will a￿ayS detect 8 material misstatementwhen it ex￿ts_
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( prO￿dureS 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 e￿den￿ obtsined, whether 8 rnaterial uncertainty exlsts related to
a tharty belowthe thresho￿s￿h$re? chartyaudit b re4thTrd dec￿e$l0 acayjntswdited vc4unlarfty, thè
auditor is apptt4nt￿ U￿&[8￿*vjTr 145 of the a*rtsgsAc4 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 Un￿rtaInty 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
Irregularit￿s, 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
I￿egular1tle$. 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 aPpropr￿te audtt emdence
Tegarding th& assessed risks of material m￿statement 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 8￿y1t procedures to identify
instances c*f 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 ln5tsn￿S 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 delibet*e cOn￿alment ty, for example. forgery or intentional misrepresentsllons, or through
collusion.
22

Use of our report
This report is made solely to the d￿rty'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 t￿h8￿ of Moore lfjngston Smith LLP
D*e'. 0110212024
9 Appold Street
London
EC2A 2AP
Mc*Jre 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 G￿nts for ￿￿￿tional sUp￿rt 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 T￿t has no 4￿￿etiOn overwhether subsequent In5ta]rnents of grafil arp pald, thost instslments
are ShoWn￿￿￿n creditorx aMOunL*f￿1Ing dueafter mDrethan one wr.
Ivll P8nSion￿51$ intheaccounts r8k¥es8ntthe ¢>))tribution5 P3yablE bytheTrus1 duAr&gth¢ w.
(￿1) SupK¥Mc05ts L￿np￿se CLEts ofnjnningthe Tru8Vs acbirytes, indudiw Yo￿anCe costs.
711 Tho Pgrmanenl Er￿05￿[[￿rrtfu￿d is a fvnd repr*senting the TrusV¥ fund Capit￿ whi¢h vrd5 deAvsd
fr￿n 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$¥ should bè
gnL5ed as permanènt end0wm￿ts as defined undBr the Charilles SORP. Fr()m the l Juty 2022
perrnanent endosv￿￿nt has been managed on a lotsl rebjm aasis. Tre trust￿ * their discretion n
any part of the tDtsI Dnapplied re￿M ts the general purposes of thè tsusL Tre trust havtr allo
a pty•on of their tr￿me tg unre5lric￿ knds, thry ap ¢uwly In mnsuhabon ￿th their investm
8$ 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 b￿Tr prepar￿ in accord8nre vAth the y1￿￿￿al 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 RBwMrn￿Je
p￿ctice 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, ￿t￿Ch the func￿9￿￿ oJrnenty of thè d•. Monetary
•TryMts in thase f￿anG￿lS1￿tème￿ts 2r¢ rounded tothe new$51 pound.
ThefinanCr￿ sktements have bèén prepAred topive a *ue And fairf ￿e￿tsnd trAve departed from the Chanles
(A￿nts and Reports) Regulaltons 2008 onty to the exlent re4thrÉd to proiryde 3 'biJè and tsir we¥V. This
departUTP has inv¢fved followng the Attountiw and Reportin9 by Chath85'. Statsment of ReGommEnded
PrBcb¢e ap￿1(able to charitie5 preparifig their accourtts in aeu)rdance the Finan￿31 Rworbng Stsndard
8ppilLx￿E in the UK and Republi¢ of Irdand IFRS 1021 ralherthan the A¢cDunting and R$potbng by Charitiès..
Statemèntof Remmmended P￿cti￿ thctive f￿M l Aprfl 2005 which ha5 sinc* been Mithdrawn.
The trtstees 8s¥essed wlether th* use of the goin9 concern etsncepl is 8PPToprfate and hAV¢ ¢Dr￿￿￿ered
Possible events orc0nd￿0￿S that ffli9hl Qxstslgnffj￿l doubl on thtr abilAy ofth? L*arity ts contiThu8 as a g(xng
n¢enk The tru$iee5 h$ve madè this a5sessm9rtfora periDd oFat leastone year [￿rn￿8 d*e of the apprwl
of these finafici￿ statements. In partiul¥r. the trustee h8$ CD￿S￿ered the chariV5 fDf*¢a5ts ￿ projectsons
and hss tsken account of pr*ssures on inveslmtrnt and tEntsl iTrctsme. In making trl¥ assessmènt the tru5tee5
have corksiderEd the imp8¢t Df COV￿-19 snd whi15t iThv¥stment incorne $ityatrts have been 8ffecled, these ￿￿11
not affect the charws 2￿rity to wnhnue its tha[rta￿e objects. Aftgr ma￿Trg enquiries, trusteè h8$
r￿￿ded that thelp Is 8 reaSona￿E ¥xpe¢tsbon that Ihe charity has $deqUa￿ resources lo continue in
opwational ox&%tence the foreseeabk firtu￿ The C￿rr￿1 Iherefcre Continues to ad(Pl the going conp*m
b*sig In preparfrg ttsfir[anci￿ statements.
A summary of the princ4pal ¥ttountin9 pdlGles adopted,ludgements and Wsourw ofe50ma0on unc*inty,
is setoutbdow.
T8ngible fL¥ed a$6ets, r￿p￿￿ting off￿$ *d computer equipment wriiten oft in the St•m9nt of
Fitranoial Adiirylies n the year ￿ whith the costs arE ID the Op1￿0￿ offhe trus12es, thks polty Is
appropl*grrfeD th2 m￿*$1 offi*tsLylities.
Freehold proptyustdasthe Tru5Vs offi￿$ (aPrfalL*J at¥￿U8￿On and rwryewed annu¥tyfor
irry)8irmenL
(Ill Invastrn￿ts hdd as assets are r#¢lutsd to faIr￿lue at the balan￿ sh*t date and lh2 98in or ltsss
taken ts the StatemEnt of Fin2nual ACtsV￿e$. The carywng value of the Investmert property is shown at
estima￿1 r¢kyrketv￿U& based on ad¥ryce ff¢eNed frDtn th¢ charitys propetyathqsors. In the Dpinion oflh8
tr￿tee. the carTrSru value i5 nDt m*erHly drffErenl from the m8tk2t value at the balance sheet dale
alhough il 2eknoYAedg*J that there is a 54nthcant degree of unGert8inty In thts r￿mmEr￿1￿ propwty
r￿[ket Tr element ofthe investment prtyety used a5 the TTUSt8 office is re￿gnis￿ as ￿ operatTonal
fixed28$8tand t¥ ngtdepw¥W. Th¢ tharfty adopts a totsl return, basis for
il Income from IL%ted in￿Ents ￿ recowised wh¥n recefv*d ty Iha ioveslrnent rrnn¥ger. kny related
tax¥1￿￿ recovèTr%e smnredtratthe$arne time. The thartyadopts a Yotal rtriurn. b•sfor
the itwestrnenl of its petrtHneM endvrtment The totsl rthrn is a￿￿thated as a CDmpDnenl of the
eDdDwrnenl kJMvn a$ thè unapplled totsl retym that ran ether be retsined for investrnent or T￿eas￿ 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 opeJ*lng ac￿leS
N&t incotne fortheyear
Adjustments for.
D￿ndends, interest 8￿j rents from invesknents
Interest rer*fvad
Inierestpaid
D￿rease ift debtors
IDeCreas2Yin¢r￿￿se in ￿e￿rterS 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 0￿ratIng acfivttres
IF18.9731
08.835
Cash flowsfrom invest(ng acfivrbes
Dwidends. interestand rentsfrom investsn8nts
Purchase of investments
PrO￿ed$ from dispwl of investrnents
Inte￿1 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
cashflOv￿flOMfiManC•￿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 eQu￿dIents 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 EdU￿tIOnal Trust
Balance Sheetas at 30 June 20fd
Z16.0
12.621A
3.174000
11250.313
17.Q71.U67
67.7ST
IThvd*nÈrtpkn
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 1Ntr5tsn￿ts
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 ￿l￿est0Tnv>5t pernKrnnYyendowedknnds b n￿MISe totsl retU￿aN5t0 ¥P￿Y an
appropriate porbtsn of Unap￿led totsl rtturn to incoffleesth ￿r. ThelnJ81e8s made a tra¥*fer of£440,000 to
inc￿￿￿& in the yearforthe purp)3e Dff￿dlng the estim*ed grantaward and assorAated support costs. Tris
dewign was aft¢rtthng a¢¢ountofthe current the neEdto p￿se￿￿ ￿al valuts of
thè pPrrnawnter￿0S¥M￿tend the reqvwpTnent forsuffiuortincorn•b rr¢intsn a w*stent Olg￿tawardS
Ispe also ODte 15).
ChoJitabl¢ •¢ti¥ib¢s
2Q23
Corporat# awardscornmyded
CoTporateaw8Thts rde8sed in thèyèar
Scholarshipsano bur6aries to individua& Comtt￿tte￿
Scknlarships 8nd bursariesto lndfv5d￿Sr￿V￿sed durfwtheye8r
326￿54
144,111
54949
(4622
362.8rT
119.340
218.367
kncGiated supwrtrA)Sts InDtè41
95.$08
458,485
89,429
307.796
Thtrlrusth&s taken the aHlabk exem￿0￿￿ wtdisclo$tth2 r￿￿*% of grant￿pients.
Andys$ofc0￿nr8teav•Wa$. 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 fftVthrtprWr￿0n
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 professional*ees
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 f0ra￿￿￿seV¥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
$48ries
Sorii sec￿lty
Pension
39,058
37.178
904
39,982
38,106
The had 1 empbjee durTng wriod (2022 11. No ￿￿c￿ee (2W. llonel recavel ￿lUments in
x¢es5 of£60.00D.
The key m￿gem￿rrtwS0Qn￿l QfthEtst￿thp[i5e tsTrLL%tees and the ClerkTh8tsts1 amount Orem￿0Yee
benefits (IndudirvJ emplostr ￿onal in5urdrts and penslon ra￿￿e￿ by key rn8n8gernenl
pèrsonnal forth6yrsenAw to ￿￿tr￿tw8$£?9.9Q12O2z.£￿1Q61.
Duriwthg pgritsj no ￿Yrnentswere mad2 in respet*DfTNstees' rÈmun2rntton12022.' Nill. Travel and outl
pocketexpertses arrtO￿tiNJtO£2,62s (202>. £3,5VI werèAmbursedtO 712021. 13lknsts#.
Tarty￿￿ FW Issets
2023
Fra*hc4d tr￿dding 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 thr*s Iseemtr 91.
L15t•d Invesbn•nts
Matketvalue ￿￿9￿tfO￿vard
xld.. A¢wIs￿onS at￿st
13,217286
3.7￿.646
Less.. Disp￿15 IPn>ceeds c*£r.￿.050R0%1k%edlo8S of£1,907.9421 110,570,992)
Net (defi￿lY$UrpI￿s 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
martetY￿ue bro￿￿tf£￿vard
G￿nge in markelyalue
3.174,￿0
3,312.(
138.000
Marketvalue caThedfo￿ard
3,174.000
3.174 000
A dèsktsp rev￿Vation ¢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
rn￿k￿ V￿￿@ ￿￿￿rmed the valuation. Th6 dwnerrt of the bu1￿1￿9 that remBfJS in usè by the
Trustitsewis ￿￿￿1￿1#￿ sn fixed a￿tr.￿he historiL￿ c05toftheenttre b￿1¢￿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
crU￿S and othercredltors
289.￿2
115.316
5,841
122,￿6
457.897
12 Cred[to￿. amo￿tat11n9 due afternbJr& Ihan on&year
20Z3
2022
Long tenn loan
Grants mrnmTtted butnotpwd aitheena oftt*ya¥
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 Y￿11 call in th2 loan ￿thIN the next tsvelve montN8. Tr total fa￿￿ty availthe under the 108n is
£7J)O.000.
htsrgsth% pa￿eCntheI0Sn 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 inc0m81lexp￿drtuTe)
145&48•
191,602
1266.8831
Gansllb5s6sI on invesknent&8sets
308A16
308.416
440.000
1440,0001
Fund balances carriedforward
I.￿606
10.721A91
11￿7,097
Unrestricted
Funds
End￿ment
Funds
2022
Total
Prtoryear
FU￿ bal8nc*s broughtfonvard
1,070,162
11,7T6.709
12.846.871
Neti￿aM￿lIeXp¢ndItsJreI
173.929
1162,8881
11,041
Gairksllb55esl cn investment 8¥sets
952B48
952.348
Fund balan￿5 carried foward
1,244.091
10.661,473
11.905.564
14 of NetAss2ts befvJeen Funds
CUrre￿year
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
F￿ed assets linduding trwestm*itsi
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 AppliL*ion of total retrrn to permanent endowmÈntfunds
Trystfr*r
I￿ve5fMertt
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 ra￿Ing funds
Imfethentand ¢thergaYLsand bsse
487,884
1276282)
308.416
467,W
12762821
808,418
500.018
500,018
UnAppl*d totsl re￿rn aWte¢ to ineom
Net MoV￿eNtINtheYear
1440.OOD
60,918
1440 000
60,018
Opening value of endo*ThÈnt
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 october2￿21. The trcL%tees aim to mwntan tha re￿ ￿￿ue ofthe permanent
endowrnent￿en considering amounts to ￿ appr1￿ to income and co￿1derthatth￿
current value of thetDtsI permanent endowrnent is greatarthan the orig1ft￿ 9ffC￿mI￿ent
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 in*Ho- fweyears
397
954
397
397
1,351
2023
R￿tReCeiVable
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¥)rnmrfm￿t for 8n iThvestrnent of up to USD
2,000.000 in ￿l￿at? wuity. Total Capit￿ ￿lS in the y&ar amountsd to USD 225.000 IT0￿.. USD
1208,0001.
18 Refated party￿￿S￿¢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 bjs￿8$$ and no rethcted donabtins from rel8te(I
Page.. 34