THE M¢ALPINE EDUCATIONAL ENDOWMENTS LIMITED (CompAny Ilmlted by guarantee not havlng a share capital) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ReEistered in EnglAnd And WAles No. 595224 Registered Charity No. 313156 THE MCALPINE EDUCATIONAL ENDOWMENTS LIMtTED (Company Ilmlted by guttrAntee not havlng a shAre capit*l) CONTENTS Page Reference and Administrative Delails Report of The Council of Management Independent Examiner's Report Statement of Financial Activilies Balance Sheet Notes to the Financial Statements 9-14 THE MeALPINE EDUCATIONAL ENDOWMENfs LIMITED (Compiny limlt¢d by guarantee not havlDg a share upltll) REFEREI¥CE AND ADMINISTRATtVE DETAILS Trustee5 Andrew W MeAlplne Brlan R Arter Seeret*ry MIÉX fllllxn Rush Charlty number 313156 Company number 595224 Reglstered office Concept House Home Park Mlll Lfnk Klngs Langley WD4 8UD Independent exAminer Hillier Hopkin8 LLP 51 Cl8rendon Road Watford Herts WD17 IHP Bankers Virgin Money 154-158 Kenslngton Hlgh Street London W8 7RL THE MCALPINE EDUCATIONAL ENDOWMENTS LIMITED (Company limited by guarantee not havlng A shAre CApltal) REPORT OF THE COUNCIL OF MANAGEMENT Yesr ended 31 MArch 2025 Members of the Council: Andrew W McAlpin¢ Brian R Arter Kenneth McAlpine (Deceased 8 April 20231 Secrelary: Mis5 Gillian Bush The Council present their annual report and the financial 5tatenients for the year ended 31 March 2025. This repoi'l has been prepared in accordance with the special provisions relating to small companies in ac¢ordaiice with Part 15 of the Coiiipaiiies Act 2006 and the requircmenls of Statement of Recoinmended Practice on Accountiiig and Reportiiig by Charities (FRS 102 SORP), as required by lh¢ 2011 Charities Act. I. PRINCIPAL ACTIVITY AND CHARITABLE OBJECTIVE The principal activity and charitable objective of the company is and will continue to be lo provide granls lo individual childrci) for cdu¢ational purpo8c3. 2. REVIEW OF FINANCIAL ACTIVITIES Net outgoiiig resources for the year amounted to £76.186 (2024.. £24.031) before investment losses of £94 (2024.. losses of £2,543) which leaves a net increase in funds of £76.092 (2024: decrease of £26.574). 3. GOVERNING DOCUMENT The company is governed by a Memorandum and Articles of Association. 4. COUNCIL OF MANAGEMENT Tlie Council is appointed under th¢ Articles of Association. A majority of the members of the Company have powei. to appoint and remove inembers of Council. The following members of the Council. who arc also directors for the purpose of Company Law. Served throughout the year- Andrew W McAlpine Brian R Arter 5. OBJECTIVES AND AcfiviTIES FOR THE PUBLIC BENEFIT The IrLislecs liave had du¢ regard to the public benefil guidance issucd by Ihe Charily Coininission. The two key principles of public benefil and the ifflrKirlanl factors that musl be considered within eacli principle are.'- there inust be an identifjable benefit or benefits. and the benefil n)usl be to Ihe public. or a section of tlie public. b) The obj¢ctives of the trust are the pmvislon of grants lo individual children for ¢dii¢ational purposes. and the inisl carries thi5 Out by recciving applications from individuals or parents in connection with tnainslream education. These grants are for an academic year by year basis. bul can be Tenewed for subsequent years subject to a satisfactory school report for the academic year and the availability of funds. 6. RESERVES POLICY The Coiincil's policy is based on assessment of levels of probable income and expenditure over ilie forese¢able future and any potcnlial needs which may not be mel Irom ¢slinial¢d available income. Reali5ed investinenl gains are reinvesled. siibjecl to appropriate market conditions. in accordance wlth Ihe investment policy below. Generally the conipany maintains mininial r¢s¢rves wjlicy. receiving donations or making disposals of inveslmenls throiiglioiit the year as and when they hre needed to meet expendiliire. Surplus fiinds would only be generated on a short Icrni basis due lo liming differences between donalions aiid expenditure. It is expected that donations will ontinue to meet requirements. THE MCALPINE EDUCATIONAL ENDOWMEiYfs LIMITED (Cbmpiny limited by gy*r*ntee not having a share ¢*pltal) 7. PLANS FOR THE FUTURE The Council is planning on reducing the level of activity in the coming years. 8. INVESTMEKf POLICY The Council's policy is to invest in a mixiure of gr0￿h and income stocks desigiied to provide the compaiiy with sufficient inconje and sale proceeds to meet its planned expenditure. 9. RISK POLICY Th¢ Council has reviewed the risks io which the company might be exposed and is satisfied with the aclion taken. I O. CRITERIA TO ASSESS SUCCESS IN THE YEAR Success is measured on ihe ability to maintain the level of grants by way of donations. I I. USE OF VOLUNTEERS The company does not make use of any volunteers. 12. PRfNCIPAL RISKS AND UNCERTAMIES The bIgg￿t risk for the company would be a lack of donations particularly as commilinents to educational cost5 can be made multiple year5 in advance. However. Ihis risk is rniligated by the Council making ￿MmItMents in consideration of it5 available capital. 13. PRINCIPAL FUNDING SOURCES The company's principal source of funding is inv&8tment income and proceeds. 14. SUMMARY OF MAIN ACHIEVEMENTS AND PERFORMANCE AGAINST OBJEcfivES Due lo nature of company as a small charity, the Council do not d¢em it necessary to set specifi¢ obj￿tIveS on which to measure perforniance and achievements againsl. 15. KEY PERFORMANCE INDICATORS Due to nature of company as a small charity. the Council do not deem il necessary to use key perfonnance indicators. 16. CONNECTED ORGANISATIONS AND RELATED PARTIES The company does not trade with any comiecled organi5ations or related parlies. Signed on behalf of the Tru$tee5 Miss Gillian Bush Secretary Registered Office: Con¢ept House Hoine Park Mill Link Kings Langley WD4 8UD r 2025 THE MCALPINE EDUCATIONAL ENDOWMENTS LIMITED (CompAny limited by gugrantee not hgving g shsre capitgl) STA TEMENT OF COUNCIL OF MANAGEMENT RESPONSIBILITIES Tlie Council of Management (who are also truslccs and directors of The McAlpinc Educational Endowmei)Is Liiniled for Ilie purposes of company law) are responsible for preparing the Annual Report aiid Ihe financial slateiiieiits iii accordaiice with applicable law and United Kingdom Accounting Standards (United Kingdoiii Geiierally Accepted Aceountin8 Praetieé). Coimpany law requires the Council to prepare financial stateinents for each finaiicial year. Uiider coiiipany law the Truslees Inust not approve the financial stateineiits unless they are 5alisficd that thcy givc a truc aiid fair view of the state of affairs of the charitable company 3nd of the incoming resources and application of resources, ii)cludiiig Ihe incoine and expenditure, of the charitable company for the year. In preparing these fiiiaiicial stateineiits. the Coiiiicil is required 10: select suitable accounting policies and then apply them coiisistently. observe the meihods and principles in the Charilies SORP. Inake judgemenls and estiinates that are reasonable and prudent- slate whether applicable UK Accountiiig Staiidards have been followed. subject to any material departures disclosed and explained in Ihe financial statements. prepare the financial statemenls on the going concern b&8is unless it is inappropriate to presume that the charilable company will continue in operation. The Council is responsible for keeping accounting records that are sufficient to show and explain the charitable compaiiy's transactions and that disclose with reasonable accuracy al any time the financial positioii of the charitable company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. Signed on behalf of the Trustees SIR ANDREW MCALPINB Mcmbcr of the Council 2025 THE MCALPINE EDUCATIONAL ENDOWMENTS LIMITED {Company Ilmited by gu*ronte¢ not hivlng a share capltol) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MCALPINE EDUCATIONAL ENDOWMENfs LIMITED I report to th¢ Charity tn￿te¢S on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on Pag￿ 7 to 14. Responsibilities and basls of report As the charity trustees of ihe company (and also its directors for Ihe purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of ihe Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the accounts of the ￿MpanY are not required to be audited under Part 16 of the 2006 Act and are eligible for indq)endent exainination. I report in respect of my examination of your coinpany's accounts as Ca￿led out under section 145 of the Charities Act 2011 {'the 2011 Act,). In canying out my examination I have followed the Directions given by ihe Charity Commi&8ion under section 145(5)(b) of the 2011 Act. Independent examlner's st*tement I have completed my examinalion. I confirni that no matters have come to my attention in connectioii with the examination giving me cause to believe that in any material respect: accounting records were not k¢pt in respect of the company as required by section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accounting r4uirements of section 396 of the 2006 Act other thali any requirement that the accounts give a 'tru¢ and fair view. which is not a Matter considered a5 part of an independent examination. or the accounts hav¢ not been prepared tn accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities appli¢able to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in ¢onnection with the examination to which attenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Simon Speller FCA Hillier Hopkins LLP Chartered Accountants Radius House 51 Clarendon Road W8tford Herifordshire WD17 IHP 2025 THE MCALPINE EDUCATIONAL ENDOWMENTS LIMITED (Company Ilmlted by guar*ntee not hlvlng * share ¢*pltal) STATEMENT OF FINANCIAL ACTIVITIES (Ineorpor4ting an Income ind Expendlture Ae¢ount) Year ended 31 March 2025 Note 2025 2024 General Funds General Funds rNCOME AND ENDoWMEF￿s FROM: Donations 102.364 Investments liitci'cst 138 28 64 Total 102.530 1.175 EXPENDtTURE ON: Raising fund5'. Investment management costs Charitsble activities 25 26.319 487 24,719 Total 26,344 25,2U6 NET TNCOME I (EXPENDITURE) 76,186 (24.031) OTHER RECOGNISED GAINS AND LOSSES Profits l (loss) on investments (94) (2.543) NET MOVEMENT IN FUNDS 76.092 {26.574) TOTAL FUNDS BROUGHT FORWARD I APRIL 12,643 39,217 TOTAL FUNDS CARIUED FORWARD 31 MARCH 88.735 12.643 All donation5 received during 2025 related to unr¢5tri¢ted funds (2024- unreslrie￿d fund$). THE MCALPINE EDUCATIONAL ENDOwmE￿s LIMITED (Company Ilmlted by guarantee not havlng A shAre capltal) BALANCE SHEET AS AT 31 MARCH 2025 Regtstered In England and W*les No. 595224 Notes 202 FIXED ASSETS Listed investments 51 18.392 CURRENT AssErs Debtors Short lenn dcp051ts Cash at bank and in hand Cash with agent 98,060 277 2,653 98,337 3,844 CREDITORS: AMOUNTS FALLtNG DUE wrrHtN ONE YEAR Creditors (9.653) (9.593) NET cURRETr￿ ASSETS 88.684 (5,749) TOTAL ASSETS LESS CURRENT LIABILITIES 88.735 12,643 THE FUNDS OF THE CHARITY Members, liability General Fund Ul￿estrIcted Fund io 88,735 12.643 The notes on pages 9 th 14 forni part of these financiaI statements. For the year ended 31 March 2025 Ihe ¢ompaT)y was entitled to exemption from an audit under section 477 of Ihe Companies Act 2006 relating to small companies. Directors. responsibilities: The members have not required thc company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge Ihcir responsibililies for complying with the requiremcnts of the A¢t with respecl to accounting rccord5 and the preparation of accounts. These financial staiements werc approv￿ by the Council ocmanagcmcnl on signed on Ilieir behalf by.. 2025 ￿ld atg SIR ANDREW mcALP￿E Meinbcr of the Council THE MCALPINE EDUCATIONAL ENDOWMENTS LIMITED (CompAny Ilmlted by gUArantee not havlng A share capital) NOTES TO THE FINANCIAL STATEMENTS YeAr ended 31 March 2025 ACCOUNTtNG POLICIES (a) Ac¢oiinting Convention The McAlpine Educational Endowments Limited is a company linliied by guaraniee incorporaled iii Englai?d aiid Wales. Iii the event of the charity being wound up, the liability in respect of Ihe guaraiitee is liinited lo £1 per nieiiiber of the charity. The address of the registered office is given in the charity information on page 2 of ihese fiiiancial slatcinenls. The lla￿re of the charity's operations and principal activities are lo provide grants lo individuals for edii¢alioii piirposes. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have bcei) pi'epai'ed in accorclance with Accounting and Reportiiig by Charities.. Statement of Recommended Practice applicable lo charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financial ReportinR Standard applicable iii the Unitcd Kiiigdoin and Republic of Ireland (FRS 102), Ihe Charilies Act 201 l. the Con]paiiic5 Aci 2006 and UK Generally Accepled Accounting Pi'aclice. The charity has applied Update Bullelin l as published on 2 February 2016 and does not include a cash flow slalemenl on the grounds that il is applying FRS 102 Section IA. The financial slalements are prepared on a going concern basis under the historical cost convention, Inodified to include certain items at fair value. The financial statements are presented in sterling which is the functioiial currency of the chai'ity. The Significant accounting policies applied in the preparatioii of these financial statements are set out below. These poIiLies have been consislenily applied to all years P￿Sented unless otherwise staled. (b) Funds structure General income funds comprise those funds which the trustees are free to use for any pury)ose in furtlierance of the Charilable objectives. All fiinds are general funds. (c) Income recognition All income is recognised once the charity has entitlement io the income, there is sufficient ¢ertaiiity of receipt aiid 50 it is probable that the incotThe will be received, and the amount of income receivable can be measured reliably. Donations are recognised when they have been communicated in writing with notification of both tl)e amount and sEILI¥iiLvn( diilv. In Ilir rvriit ilittt a doiiatioii is subj¢ct lo cojiditioiis that requiie a Icvcl of pcrfoiinan¢¢ b¢for¢ th¢ chai'ily is entitled lo the funds. Ihe income is deferred and nol recognised until either Ihose conditions are fully mel. oi. the fulfiliiient of tliose condition5 l5 wholly wiiliin the control of Ihe charity and it is probable Ihal those conditions will be fiiifilled in Ihe reporting period. Investment income is recognised on a rrfeived basis. Inleresl on bank and short term deposils is recognised on ilie accriials basis. (d) Resources expended All expendiliire is accounted for on an accruals basis and has been classified under headings Ihal aggi'egmle all cosls related lo the category. Wliei¢ Costs cannoi be directly allribiiied io particular headings Iliey have been allo¢aled io aclivities on a basis consislenl with use o£- the resources. Siipport costs are those cosls incurred direcily in Slippori of expenditure on the objecls of (he charity. Gov¢rnan¢¢ costs are ihose incurred in connection with adininislralion ol the Iiarity and compliancc Ivith conslitulional and slaliitory requiremenls. Grants are charged to the Statement of Financial Aciivilies in Ihe period in which they are awarded and incliided as a liability in the Balance Sheet iintil they are paid. THE MCALPINE EDUCATIONAL ENDOWMENTS LIMITED (Cbmpany limlted by guArantee not having a share capital) (e) Realised and unrealised gains All gains and losses are taken to the statement of fTnancial activities as they arise. Realised gains and losses on investments are calculaled as the difference ktween sales proceeds and opening markel value. Unrealised gaiiis and losses are calculated as the dityerence between the market value at the y￿r end and opening market value. Realised 2nd iinr*.ali&ed gAillg Arp. nnt.