THE EDUCATIONAL FOUNDATION OF MR GEORGE ELLIS Financial Statements For the year ended 31 March 2024 ChArlty Nllmber: 508581
THE EDUCATIONAL FOUNDATION OF MR GEORCE ELLIS Reference and Admtnlstratlv¢ Inffjrmatlon Year Ended 31 rth 2024 Trustees Mrs F Stephensoi) Ic'hair) Mr J A G Faw¢ett MrGCNLaneFox Mr R B Rimington Wilson MTS C Hanson MT M Warde Norbury Clerk Mr A Leece PtlneipAI Office 35 Church Sireel, Barnsley, South Yorkshirc, S70 2AP Charilv No: 508581 Independent Exomlner lan Bragger. Harris & Co Limited, Marland Hou5¢. 13 Hudder5field lioad, 14arn$l¢y> South YorkshiT¢, S70 2LW Bankers Bar¢lLy6 Bank, 10-18 Queen Streek Barnsley, South YorkshiT< S70 IRJ Solititors Ridley & H&ll, 35 Chwch Streei Barnsley. South Yorkshtr4 S70 2AP Investment M#migero Kothschild. One PBrk Row. Le. West YoA(shir4 LSI 5NR Page I
THE EDUCATIONAL FOUNDATION OF MR GEORGE ELLIS Ref¢reDt¢ artd Adminl¥trAtAv¢ Informalion Year Ended Jl March 2024 R¢port of the Trysteu for the year ended 31" March 2024 Th¢ Ttte$ pr¢s¢nt Ibeir report along with the fwanci&l statements of the charity for th¢ y¢ar ended 3111 MaTch 2024. The finkneixl 8tat¢ments bave been prepared in a¢¢ordance with the accounting policies get out in note I to the acwunts and comply with the Charities Act 2011 4nd the Ststement of Re¢onLtn¢nded Practiee, Accountin8 at)d Reporting by Ch8rities (2019) published in O¢tober 2019. Stru¢tsr4 govornanc¢ and management The Tnjst is an unincory)orAted trust And is r¢gulai¢d by a schen)¢ of the Ch&rity Commisslon dRted the 12th Mar¢h 1907. The Tr$1 was estllblislied by an initiol gift undeT Ihe Will of Mr George Ellis dated the 24thJanuary 1711. Tbe Trustee$ are appoinl¢d by th¢ board of trustses for life. The itiductioj) process for ally newly appoint tnJst¢e compris¢s an Attitial m¢etins with the chairm and the issue of & welcom¢ pack in¢ludAnE a bri¢f history of the TrusL a Copy of th¢ Will ofo¢oT8C Elli5 the Charity Commission S¢h¢m¢ dated the 12th Mar¢h 1907 and 8 wpy of the lo81 tlw¢e year8 annual repong and accounts. The Tmstees meet twice a y¢8r. The Truste a8ree tbe broad $tratr8y and areas of activity for the Tnl iD¢ludAng ¢onsidetatioA of grant m#kin8• ittV¢Stm¢ttt, res¢rYes attd risk nwia8ement policies and p¢rfornwi¢¢. The day to day administration of the Tntst is dclcgat¢d io the Clwk. ObJxtlv¢$ 4nd lfvItIeS The PTtncipil objective ofthe Trnsi is to provide education fot childTen 8TJd thiB 1$ achieved throu8h the maintenane£ and support of the followin8 schools, Brampton The Ellis Church of En8land Primary S¢hool, Bra]DPton and Hemi]rId The Elli8 Church of En81gnd Primary School. A$$istan¢¢ is also given to Cortonwood Infonts School Bramplon which is now underthc sam$governADce of thc Br&mpton Th¢ Ellis Church of England Primary School, BrnJJpton. The TNSI has pursued its obje<tive5 for the year in the followln8 maimer:. Brampton Ellis PrAmry SehooA and Cort0Awod Infants S¢hool The Inut assisted th¢ school by makin8 ihe u3u&l re&ding T¢¢OYCry pfo8Tamme grant of £6 600 &nd dition fimds for £6.700 to allow for the rcsto¢k of core books. £3.300 was also granteil to th¢ Cortonwo(xJ School foT the usual ieading r¢cov¢ry pro8rwnmc. Hemlngf)e]d Ellls Seboo] The tnjsi coLtiou¢s to supporl the school in the phased works beiti8 crIed out to reetify watrf itiEre88 and damp is8u¢s. A 8ront of £30,871.00 WA$ mad¢ to allow fvll roof Rpairs to be carricd out. An &ddAtional grant of£2325.00 wa8 made to pay for 5p¢oiali8t sothvare (Lexplore) to a58e85 and a8sisI 5tudellts reading ¢apabilititss. Further grant9 tot8llin8 £2,241.29 wer¢ rnade towards geDeral m8iRt¢nAn¢e and upgrades At the School. FinAn¢fi21 Revie Thc Trust 18 reliant on the in¢ome fmm ils inYEstm¢nts which comprise a Manag investmcni fund and income from one rentsl property namely, Selby AblylnfADts School. Including8undry Te£eipts the totsl income for the ThTSt Wa5 £58.205. During th¢ year there was directeh8ritable expendiknre of £123,140. PÈge 2
THE EDUCATIONAL FOUNDATION OF MR GEORGF. ELLIS Reference ajid Administrative InlormAtion Year Ended.11 March 2024 Investment pollcy and performan¢e Tlie Truslees policy for inve51mcnt is lor di¢ knnd to be manag¢d to achie.ve 2 rettirn Ihrougli capital growth and income. The performance of El)e investmellt fund is not judged on the incom¢ alone but on the growth of the fund over th¢ year. The approaeh on risk 1$ to take a balanced portfolio strategy, Ihc objective b¢ing lo preserve aiid makc growth in Teal terTns. Th¢ fi]nd is manaBed on a discretionary basis and lh¢ fund mAnager r¢ports lu ihe TruslL'es annu&lly. The investmeiii portfolio yielded dividend and intere5l incorne Df £33,490 ond recorded a eapiial in¢re85e in ihe fluid of £427.456, Plan$ for the future And reserves pollty It is the intention of tlie Tnistees io maximise the reruiy on the InLSt's invesltncnts which can then be Iised for tbe b¢nefLI of the Ellis Schools. The amount of rcservts al 31 March 2024 was £7,065,241 which was all unrestricted fiinds. Of diis £6,905.796 1£ fixcd assets and inv¢simenL8 and £159,445 n¥t ¢Drrenl asseis. P¥bllc benefit Th¢ charity trustee5 confitm that they have complied wilh their duty to Iiave diie regard io the gLiidance on public benefit i)ublislicd by thc Charily Comi1)ission in exercising tl)eAr powers and duties. Trusiets, resyonsibilili¢5 in relalion ID the lln#nci#l statements The IBW applicable to chariiies in England and Wales requires (he tnistec(s) to pY¢par¢ financial slateinents for ea¢h fiiiancial year which give a true and fair viem, of the ch&rity's financiBI activities during the year and of its financial pwilion al the end of IhL year. Its preparin¥ financial st8tements giking a irne and foir view they have depaned from thc Charities {A¢coLints and R¢port5) Rl,lIatIOnS 2008 only io Ihe exleni reqiiired lo provide a"Inie and fair" view. Thi5 d¢p8riure1i85 involvcd following Accoiiiiling and Reportin£ by Cljariiies pr¢paria8 tli¢ir aiLoiinls in accordanc¢ with the Financial Repoiting Sialldard applicable in the UK and Republic of Ireland (FRS 102) issiied on 16 Jiily 2014 r&iher ihan ihe Accounting and Reporting by C.l)Jrities= Stgtement of Reconunended Pi'actice effeclive froin l April ?005 which lias sincc b¢en witlidrawn. In preparing ¢l)e financial stalemenls the tr115tees should follow best practice and.. Select 5uiiable accounting poli¢i¢s and then apply Ili¢in consistently. Make jvdgem¢nls and estimaies ihar are re&sonable and PTud¢nt- Stsfe whether appl&cable ac¢ount SndardS and statement of recommended practice have been followed, subj¢GI to aiiy deparlures disclos¢d and explained in Ih¢ financial slalements,. and. Prepare th¢ financial stsiemenls on the going concern basi5 unless IL is inappropriatc lo presuiii¢ thai the cl7.ty 'ill contini?e in operalioii. The Tru8tees arc r¢%por)sibl¢ foi keeping gCCOilliting records wliicli disclose wilh yeasonable acciir8Cy lh¢ financial positlDn uf the eh#rily and whicli enabl¢ theni lo ascertain the fiiiancial position of the eliai'ity And whicli enable Iliem lo cnsure thal Ihe fii)ancial stal¢ment5 Loinply wilh tli¢ Charitie5 Act 2011. t])e Charity (Accounts and Reports) Regulalions and the provisions of th¢ trust deod. ni¢ Tnistees aTe resp0115ible tor saf¢gLJarding the asse of the charity and hence for taking rcasonable yleps for the prevention and d¢tention of fraud ad other irregulariiies. day of kJ**Je 2024 Approved by the Tnjstees on the Signed on Ihcir behalt by (Tru$lee) Page 3
THE EDUCA TIONAL FOulATION OF MR GEORGE ELLIS Independent examiner's report to the trustees of The Educational FoundatioD of Mr Georye Ellls I report to th¢ charity trustees on my examination of the fUncial stat¢m¢nts of The Educational Foundation of Mr George Ellis for the year ended 31 March 2024 which are set oul on pages 6 to 8. Responsibilities llnd basis of report The charity's trustees are responsiblc for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('kne 2011 Acf.). The charity's trustees consider thai an audit is not required for this year under section 144{2) of the 2011 Act and that an independent examination is nccded. I report in resp¢¢t of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all applicable Directions giv¢n by the Charity Commission und¢r section 145(5)(b) of the 2011 Act. Independent examiner's statement Your attention is to drawn to the fact that the charity has prepared the accounts (financial stat¢ments) in accordanc¢ with Accounting and Reporting by Charities preparing their accounts in accordan¢¢ with the Financial Reporting Stahdard applicable in the UK and R¢public of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statem¢nt of Recommended Practice issued on l April 2005 which is referred to in the extant r¢gulations but has bc¢n withdrawn. We understand tbat this h2s bccn done in order for the accounts to provide a true and fair vicw in accordance with the Gcncrally Accepted Accounting Practice ¢ff¢ctive for reporting pcriods beginning on or after l January 2019. In conncction with my ¢xamination, no oth¢r matter except that ref¢ed to in th¢ previous paTagTaph has come lo my Rltcntion which gives me reasonable cause to believe that, in any material respect.. a¢counting records were noi kept in resp¢ct of the Trust as required by section 130 of the 2011 Act. or the accounts do not accord with those records. I confimi that there ar¢ no other matters to which your attention should be drawn lo enable a proper understanding of the accounts to be reached. lan Bragger FCA Harris & Co Limited Chartered Accountants and Registered Auditors Marland House 13 Hyddersfield Road Barnsley South Yorkshire S70 2LW Date ... Page 4
THE EDUCATIONAL FOUNDATION OF MR GEORGE ELLIS Statement of FI11t1#1 A¢tivities (Ineludlog Ineomtr and Expendltsre A¢¢ount) Yt4r ended 31 MAr¢h 2024 UllreJtrltted 2Cl241 Uttreltrltl F¢tDd 2023 Tolal 2023 Incoming RsuurL'¢S Iwomin¥ re$ourc¢5 from 8eti¢ratcd hwd$.' lttvutm¢nl income Sundry is)come 58,205 58.203 53,027 53.Q27 Tol41 In&oming Resourees 58,!04 58.205 53.077 Resour¢¢5 Expended Costs of Geuergllwg Fund$ Investsyn1 MotJa8emeJht C04ts 43.503 43,303 42.030 4?,030 Charitshle Acti¥itie5 8nJJ Govern8a¢E Co8 123,140 94.240 94240 Totol Ruotsrce5 EJpendtd 16&043 166,643 136.270 136,270 Net Ineomlttg ResourtesllR¢50urrts Expendtdl (ILIR.4381 IIOR,43KI {8.1,2431 {S32431 Realised xud unr¢dli&Yd g4ins410$5) on invt5tmeni ass¢u 4?7.456 427,456 (143.278) 1143.Tr78) r4¢l fflOVEnèent In fund5 10 319,018 319.018 {226.5211 1226.521) Furtd blALES brDuKhl forr ¥1 1st Apru 2023 6.746.223 6,746,223 fi972.744 6.972.744 Fnd hal&nces t#rritd lor*ar41 al 31st March 2024 7.V65.241 7,065.241 6.746.221 6.746.223 Tht stst¢ment Df financial a¢tivitiu IeS all Baini and IoJ8¢s rw8nimJ in theyeAr. AII iAeomin8 f¢BQrn Bnd reJow¥esexpend¢d derive fivm cpnlinuinB iclivilies. Tr not pays 70 7ftOrmp of tht5r accounts. Pa8e 5
THE EDUCATIof4AL FOUNDATION OF MR GEORGE ELLIS BAlan¢e Sb¢et u •t 31 March 2024 Note Ai it 31 MiTCtL 2024 131 Marcb 1013 xed T8n8ibte Bswts Inv¢8tDts 2.772JOO 4,133.296 2.822,000 3,808.947 6,905,796 630.947 Cuvrtnt sèt• 2.730 163,506 2,514 130.159 Ca8h 81 b•uk 166.236 132.673 Cr¢dlivrs'. f411illg dut ivith5n one Ytar 6,791 17.397 Net Curretbt AssolE 159,445 115.276 Tntal As4el% les% Current I1bilitieS 7,065241 746.223 7,065241 0.746223 Ullrestritted JmttsmE Fth.. G¢lla71 PU05¢5 fund 10 7.(h53241 6,519.702 7.06J241 0.319,70Z Ihc tiD•ncial %laiements have btEn prep8red 8ccordrsnce with A¢cowxtino and R¥onin8 by ChaYiiies- Staieineni of RecommendE4J Pr3clice ISOIIPI 8pplicabl¢ lo charities pi4>aring thoir $¢¢oullts In accord8nce witli Ihe finafjcial Re[nE Siandard 4pplicabk ill tlie UK aiid Republic of ITcl4nd IFKS 102). Appr¥d by the Board of Tru51e¢s on and 5igiied on its b¢half by TNot¢¢ Th¢0 p8By 78 to 7fform part orth a¢¢uthtg. Pnge 6
THE EDUCATIONAL FOtINDATION OF MR GEORGE ELLIS Notts to the A¢eount$ for the Ye¥T to 31 March 2024 Ateount5n8 Poll¢ios (a) BI$ of The Edllcalional Foundation of George EIItS i5 an Utsill¢OTporated dwity re8isler¢d with The CharityCommis$ion. The presentstiOD and fuD¢tioDal currew of the fin1{ stat¢m¢llts is th¢ Pound Sterlits¥ (£). The financial ststements hav¢ been prepared under the histori] cost ¢onvenlTon, wilh the ¢xception of inv¢stment whith ire in¢luded at markef valu& The financial ststement5 have been prepared in aceordance with the Stttt¢mcnt of Re¢omtnended Pra¢ti¢¢: Ac¢oulliing R¢porfin8 by Charities prepatiog their accounts in occordanc¢ with the Fitiau¢ial Reporting Standth applible in th¢ Unifed K¢llgthrll atLd Republi¢ of Ireland (FRS 102) issued on 16 July 2014 ond the Fitwi¢i81 Reportin8 Siand4rd 4pplicable in the UJ]ited Kingdom and Republic of Ireland {FRS 102) and the Chvitieg Act 2011 and UK Generally Accepted Practice as it ¥pplies from l January 2019. The financial stat¢men(J hav¢ been pr¢p4Ted io give a "trn¢ 8nd fair. Yiew And have departed from the Ch#ritie8 (Accounts and Reports) Regulations 2008 only to the extetst required to provide a "true and fair view.. This departure ha& involved followins A¢¢owJtitsg And Reportitjg by Ch8ritie8 preparin8 their accounts in a¢¢oTdanee with the Finon¢ial Reponitig Standd applible in rb¢ UK and Rwblic of Irelalld (FRS 1021 iF5ued on 16 July 2014 r¥th than the Ar£ounlin¥ and Reporting by Charilie5,' StLtement of Re¢omm¢tsl¢d Practice ¢ffeCti from l April 25 whic1] hAS sin¢t b¢¢n withdrawn. These accounts have been prepared on 8n XCTtsals b4SiE. The Principal Ac¢ountin8 policim and si8nifi¢•nt judgeTrKxts èrtd ¢stiinate8 applied in th¢ Preparation of th¢s¢ financial $latsments are sel out below. Th¢5e policies. jud8ein¢i)Is and e8timate$ h¥ve b¢¢n ¢on5i5tently applied io all yws presenled un1¢85 otherwis¢ stated. No significant judgernen or cstinleS have h¥d lo be nkgde by n)8na8emeJJt in pIepating these financial ststements other than as deseribed in the following accountingjIke1. The ¢haTity 18 0 public b¢rt¢fit entity 81 by the r¢8ul&tioDs. (b) Fund *¢¢?uatioe GeDet81 fid9 are ueStn¢ted futth which gv&i18bk fvr use at the diseretion of the tnJste¢s in furth¢rance of the gen¢rnl objectives of the charity jmd which have not been deSial¢d for other pulposes. (e) IAnd and BNlldirtv IAnd And buildAng5 are in¢lud¢d in th¢ a¢¢ounts at valuation whirh is ]0]&t on a d¢preciated replacemonl cos1 basis. Investment prcwli¢s are valu¢d at market lUe. (d) Depreclatl• DepTe¢ialion is not ¢herged on IAnd and buildiny held for investment, D#prKi8tion on IAnd butlditbgs held for ¢ by thc Cbority is charged tt 20h str4tgbi lill¢ w annum so to 11¢ off the fvll cost or valuation over th¢ir expectd useful ¢¢ooomir life. Th¢ useful on01]G life is to be reviewed on llrt anttutl ba315. Pr48e 7k
THE EDUCATIONAL FOUNDATION OF MR GEORGE ELLIS Note8 to the Aeeounts for the YeAr to 31 March 2024 (t) lttvo%tLnents Inwsttllents e VAiutd At the mid-Madl PTi¢e nditi8 at th¢ balaoce sheet date whi¢h givu rise to unrealis 8ainsl(1088es) whicb are in¢lud¢d IJ the Statenxnt of FInala1 Activiti¢8, LAnd and buildings held for inv¢stsnent ar¢ inchjdcd at maTk¢t value. (o In¢oming resoureei and debto All illcomill8 r¢80ur¢e& are in¢lud¢d in Ihe StaiemcDI Of Finaacial Activities when the chlty is legally entitled lo the income and the amount be quantified with reAsonable a¢cwacy, inveslmenl income 1$ included on a teceiv•bl¢ basi8. No Amounts are iucluded in the f8¢141 8t&tements for 8ervice8 donated by VDluntMn. Trad¢ and other debtor8 Are recognised at the settlemint amount. Prepayments tre valued al the 8mout)t prepaid relatin8 lo Prior y¢8rs 4t itje bollnce sheet date. (&) R¥•ur¢e• eipeoded Liabilities are rewgnis¢d as expenditure as soon as there18 2 legal or cDn8lNctivt oblipiion comrnitting th¢ ¢harity to that expenditure. it 18 probable that a trAn$fei of ¢conomi¢ b¢n¢fits will b< required in settltincnl 6nd the omounl of the obligation c4n b¢ m¢a$ured relilbly. Expendityr¢ 1$ a¢wunted for on an ac¢nial8 basis and has been Gl855ified nder he&dIn that &wegal¢ ill CDSI related w th¢ r41¢80ry. Dlre¢t Gharitsble expEnditure comprises servic¢8 supplied 8nd activities undertakell which are idmtifiable a$ wholly or mainly in Bupport of the Cbaritys obje¢tives. 'rh08e costs $hown governAn¢¢ ¢osts relate to th¢ mgna8ement of the ChAriWs 8Js¢li. orglnisational 4dmiDi8tration llnd compliance with conltitirtional gnd statstory requirethcnts, Wher¢ appropri4, expendinwe i# apportioned oll a X¢AsolliblE and wnsistt basis. {h) Golni ¢oneern The TN8iees 88S¢55 whether the u8e of going concern is appropriat¢. i.e. whether tljere Ore any material uncertainties related to events or conditiolls that MAY east $i8nifi¢ont doubi Oll the ability of the Charity to continue AS a goin8 ¢onc¢rn. Thp Tn2slee8 mAke this assessment In r¢spcct of 8 p¢riod of Bl least on¢ year from lh¢ dal¢ of auihorisation for i59u¢ of the fman¢ial 8tatenients and havc c4)nclud¢d that th¢ charity has adequate r¢8ourceJ lo Continve in op¢ra¢ioD existen¢¢ for the foreEee4bl¢ fvwre and there are no Materi uncertaintie¥ about Ihe ¢harity& ability to coniinue O sons concern. this they continue to adopt the 801tt8 con¢¢rn basi8 pf account in PT¢pAring th¢ finth¢ial statements. (i) Taxation The ¢harity18 exernpt from tAX 00 its ¢lwilable Aclivili¢8. P88e 7b
THE EDUCATIONAL FOUNDATION OF MR CEORCE ELLIS Notes lo the Accounts for th¢ Year to 31 Mar¢h 2024 11 March 2024 JI mch 2023 2 In¢omln8 Rtsourees Dividcnd5 and Iniewi Reetivable FroTh mana8EJ inveslmenls 33,490 28,312 Kents Ret¢lvabl¢ Selby Abbey School 24,715 24,715 Bllnkjnterest Reeelvgble Ilir¢lhys Roth$child 58,205 53,027 Sundry Ret¢lpts 58,205 53.027 .4 Charilable Activltles Grgnts b), frusttes io Scliothli Br2mptOT] Ellis Primary S¢liotsl El¢n?iiiglirld Ellis School Hrrni118field Ellis School- Maiiitcnance Corlonivood Infar,t Sehool 13,3(KJ 4.566 30,S71 3,300 14.000 10.217 52,037 3.OUO 27,217 Goveru*nce Cosi$ Schools In5uTrncc r)iTeclors InsuTrttce Othei Insurai)ce Legal and thlier Professional Ei¢¢s.' ClrTk and Solicitor Pees Property Vxluilion Accountsnis Fees GEncral Adminisirative Expense5 Depreciaiion 011 Land and Buildings 7242 509 192 6,609 684 192 11,080 7,519 11.080 2,580 7,519 2.520 49,500 123,140 49,500 94,24CI Page 7c
THE EDUCATIONAL FOUIYDATION OFMR GEORGE ELLIS Notrs to the Aeeounts for the Year to 31 March 2024 4 Total Resource Expended Other Direct Coit$ Othcr Allocattd Co$ts Tot81 Tot&1 21124 21123 Charilable Activities Cosl olG¢neT&tiTJg Funds- inves)Cl managers fe¢3 123,140 43.503 166,643 0 123.140 43,503 0 166,fi43 94,240 42,030 136,270 lTrdepend¢nt Rmumer#tlon Tntre bave de&idtd Inde[dent cxaminattOD should be uodeltsken Dd not •ll audiL th¢ work for this indepènd•nt ¢xaLlliDotion dwillg th¢ year is £2580 (2023.. £2.520). This1¢ RemuneTAtlon ExpeD3eg No weTOI1 dirttY or indiTrcdy out of the funds of thc awity was pald or payabl¢ for tkn year to a trustee or to 4ny person w person8 known to be contt¢rttsa with any of them. Duriug th¢ yearj no £xpe5 wer¢ r¢irnbum¢d tsy knJ5tee&. StalTC•sts The ChgTity has no employ¢es #nd thcr¢for¢ no stoff (r*sts to disclos¢, Rdated P•rty Tm$&£tlons Yh¢re were tttst¢d party tra48410$ during the yEaT. Page 7d
THE EDUCATIONAL FOUNDATION OF GEORGE ELLIS Notes to the Aceouuts for th? Y¢ar to 31 M•rch 2024 5 TanbE¢ As$ets Freehold #ud Bulldln For tbe Chsrfty'i own ', AtV#luxd¢ Total l Awil 2023 Addirions Dispoagls Cost r¢¢la$sified as investment pyop¢rttes Change in mvket value 31 MaTch 2024 3.020.000 -3,020.000 D¢pr¢¢i4lifj l April 2023 On DispC¢S Charge for Depreciation elS$ified as investnjent pJoperties Change In m8rknt value 31 Mgr¢h 2024 198.000 49.500 Net Bgok Value 31 March 2024 2,772,500 2,822.1))o 31 Marcb 2023 Land and buildin85 are iA¢luded in the A¢COUDt$ at v2luation, Th¢ freaold lat and buildings w¢r¢ vHlueJ by exmal valuers, Smith5 SuTr¢yors (Barnsley) Limil¢d in Mar¢h 2019. The propertia w¢r¢ valued at Depreciated Replac}}ellt COSL It is the inltniion of the Charity to obfain a revaluation of the Land and Building5 held foi u$e et l¢a81 ¢very fivo years. The Trnstres ar¢ not Bware of any mèieriAI chanse5 in value sine¢ the last valuotion. 6 InvMtOMts Transfer In Vlllt •1 From Flxed Preh¢ l Apr 23 Amets atco SAI¢ Pro¢eed8 Mqrket Value VAlu¥ At JI Mar 24 Land And Bulldln ma(ert Lt4ted Invertments 368,000 3.440,947 08,947 0 2978.8lS 0 2.978,815 368,OIXI 427,456 3,765,296 427,456 4,133296 3,081922 ,081.922 Th¢ ¢h4Tge ill m&rk¢t value of investments duri1 the period compris¢s in¢r¢w and deGreaseB in the market value of investments held at any tlme durin8 tb¢ y¢ar• incldIng profits and ltrsa¢s i¢alised on salB3 Df inv¢stm¢nts duriM8 the PWiDd. The land builditsgs w¢r¢ valued by extern&l valuer4 Smiths Sutv¢yor$ (B8m$l¢y) Lirnit in h 2019. The pmp¢rties in¢lyd¢d in investth¢nts were at markn val& It 18 the intcntion of tht Cbarity to obtain a ievaluaiitsn of th¢ land ond blIding$ hdd fDr investm¢nt at l¢a5t 0¢ every five ye8TS. Th¢ TN6te¢s ar¢ nol aware of any mat¢rial ¢h#ng¢8 in valu¢ sin£E the18st valuation. P•8v 7e
THE LDUCATXONAL FOUNDATION OF CEORCE ELLIS Noteg to the A¢counts for the Y¢Ar to 31 Mareb 2024 7 Debtorj 21)24 2023 Prcpaid exp¢nÉ¢$ 2,730 1514 2,730 2.514 CAsh at Bxnk 2024 2023 Barclays Bank CU&t Account Rothsthild Clienl Deposit Account Barclay8 Deposit Ac44)unl 33,671 129,824 43.434 86,714 163.506 130.159 9 CTedJtor8: •mOUllti fAlllng du¢ wlthln one ye4r 21124 2023 Tra(k Credit Deferred Income AccTued expenses 4,471 2,719 l?J58 2,320 2,320 6,791 17J97 Deferred Income Dtfrrred lttcome as at l Aprij 2023 Resour defeTT¢d duting the ye&t Amowits T¢l¢As¢d from PTEViOU5 yEar D¢frrr¢d Jncomc 86 Lt 31 M8rcb 2024 12J58 12,358 12,358 (12.338) 12.358 -12J58 Deferred income r¢lat¢s to r¢nt41 monies Teceived in advan¢e. ILI General Purposes Fund (Unrestricied) 2024 2023 AI l April Change in market value Nei loss for the yeiir Ai 31 Marcl) 6,746223 427,456 (108,438) 6,972,744 {143.278) {83.243) 7,065,241 6,746223 Plea8e note d1 all e[S and liabilitie8 at year end We unrestsiclcd funds. Pa8e71