RF.GisfERED CHARITI, NIINIBER: 518269
Report of ihe Trvstets •nd
UMi¥dited Fin•D¢i•l Ststements
for Iht I'e•r E4d¢d 31 2025
lor
Tbt BuTkiit Schollrsbip Fund
Clive Oisyn LLP
cI￿rterCd Accountan15
140 Coiiis¢1i(fc Road
DARLINGTON
Co t)uthwii
DL- 7RT

The Burkltt S¢knl*rship Fund
CDlltent5 of tbt Fimntial Ststements
for the Ye*r Ended 31 2025
Pate
Report of the Trustees
Independent Ex*mititVs Report
StAtement of Fth•n¢i•l Adivities
BA]*Dce She¢t
Notes to the Fiwntial St•temtsls
7 to 13
Detslled St*¢em¢DI of FiAaneb*l Aetivhles
14

Th* Burkiti Scknlar5knip F￿nd
Report of ihtTrustheJ
ror tbe I't*r EThd￿ 31 Augwt 21J25
The Trustees are pleased to preseni their r¢p(*t togdher with the fina￿1￿1 of ¢h¢ c114rity for the y¢ar ended 11
August 20?5.
The fin￿la1 ststements roinpl). wilh CUT￿ Statutory requiremeM& th¢ Will of the Late Lt Col H G S Burkitt and
Stateinei)t of Recomm¢nthd Pradice- Accoun¢ing and Rel￿1￿$ by Clwilies.
OBJECTIVL8 AND AcrivrrAES
ObJecii¥ts and Aims
T1ie objective of ihe charity 1$ to provide edwational 5¢1KPtarships for pwiils ¢0 atte1￿ Durhom Cathedral Scljools
Foundation and also to provide s¢lM)larthips to Old DuneImiai￿ to atter¥J college at either Oxford or Cainbridge. The
latter are 10 fviid ivork" at the University. for de8rtts or for travel abroad in cont>ection tOUFSC of ￿￿dY or
postgraduwe r¢searcli. A wav¢1 scholarsliip may be awarikd to a r¢s¢artli studait in addition to a nonnal scholarship.
The investnient poli¢y of the ¢hariry ¢ontinves io b¢ carried oui on the b#5is of balanced moderate risk and %¥iili a
balanre of ¢mplwis oli Ii)ng-t¢rni g¢neraliDn iyitli captt81 mainten￿￿¢¢ and growth r¢qu¢5t¢d during ilie year
ended.? I Au8uM 202S. The me&surementof w[ormat￿e wll be against recognised be￿hnl￿rks.
Public B¢Defi¢
The charity'g aims aThJ achievements are Set out ￿1n this rerAXt The gciivities S¢E Out iii this re￿1 httve been
ndertaken lo filrther the chgrity'$ ch8titabJe WLiposes for the publir benefil. The truslees have complied with the du¢),
nder Section 4 of the Charities Act 2011 tts have due Fegard to publi¢ bejiefil gutdance published b) Ihc ChRrily
Commission and the trustees have paid due regard to 8￿]dance in deciding what activities the chariiy should
undertake.
At Tnhstee Meetings ￿en planuing ihc xtivity of the charity keep i*) rnind the Charity Coinmission guidance
relatin8 to Public Benrfit.
ACHIEVEMENTS AND PERFORMANCE
ChariiYLble activities
At the summer terni in¢elin8 lh¢ tr￿1￿$ re¢¢1￿, ¢onsider and approve a list ofrccornrnet¥Jcd recipients of a￿rdS for
the followiiig athic year.
In ihe year 10 31 Augusi 2025 six menibets of Upper Vl and six of Lower VI Teceived varying amounts. There
were four 8￿rdS of £700 wliicli ￿Tre graiited and paid w Old ihmelmians of Durham C*hedral Schools Foul￿allon
atte]iding collegc ai Oxford or Cainbridge during t1￿ period.
The portfolio yiehled £54.4.-15 of iiive51inent iiiwm¢ durin8 th¢ y¢¥r, wlii¢h was a higkn level of iRcoine con]pared to
t7￿ prior Year of £51.037.
Pa¥c I

The Burkitt Schol*Tship F4ttd
R¢port of the Tn￿lIeS
for Ihe Ye*r Endeil 31 202S
FINANCIAL REVIEW
The accounts haye been preJ>ared for a twelve-month period to 31 Aug￿ 20*5. The income for the year eTrabled the
trusiees to meet all commitments for cxp¢nses and 8rnnts in accordance with the Will.
The inVe￿ment portfolio of the Endomryl Fund is under thice by Sto¢kbrnkers with investment in both the UK and in
other 8lobal markets.
The investment Wfom)a￿¢ was lost discussed at the trus*es meeting on 15 jul￿ 2026. Thc trustees we pkosed wth
the 8ener81 perfoTmaN¢e of the wjrtfolio.
The tnjsttts are advised thai ihe portfolio is diver5ifRd a¢mss se¢lors wlTKi¢rtly to pr￿¢¢1 li agaiitst flu¢wa(ions in
individual serturs.
R¢servtt pollcy
IIK Trustees aini to P￿Ser￿ the le￿1 of r¢sery¢s, g) that a reasonabk IEvel of It￿Me is ge￿rthd to award
Burkitt kholaYship5 botl) now and into ihe fuhwe. At 31 Av8USt 2025 k)tal rtscrves were £l.878.475 ￿1¢h is sufficient
io ensure a reasonable level of winual income is gertcratcd from irtvesth*￿ Iield.
The trugtees have dirfftion from the Will to rctention of in¢om¢ reserv¢s. Th¢ Will Specifies that any inrome not
sp¢nl shall be investcd and added ￿ the Capiral Fund. The trustees feel th%t thr Capitsl Fund is well placed to provide a
enduring flow of in¢om¢.
Rijkg pollcy
Thc trusiees periodically review the rnaior risks to whirh the ¢lJarity might be eX[￿sed a[￿ $Y￿eMS or procedwes have
been established to n￿ll￿ge thos¢ rth.
FUTURE PLANS
The tnjstees believe that thc #ssei allocation within the w>rtfolio is very rnuch in kcEping with the fund obj¢ctiv¢s of
income and growth within a rtw)d¢T* risk profik. and tlry ar¢ planning kn chwige the overall "shape" of the
portfolio ui the near fijture.
The fund is expect¢d to >'ield gr05s Income a similar level of in¢onY in ?025,'26 compared to 2024125. This will
cover the grnnts and scl*)latships ihat ih¢ trustees have 8wdrdcd.
STRvcfuRE, GOVERNANCE AND MANAGEMENT
Governlng document
The Burkitt Scholhrship Fund is ¢onuituted by the Wkll Trust of the La* Li Col H G S BuTK'itt aiid is a regi5t¢rd clmrity
and as such are required to PTeparc finaKial sts*ments for ¢a¢h fina￿]¥1 year. wthich giv¢ 3 twue and fair view of the
state of affair5 of ihe ¢hariry and of its fina￿la1 results for thai year.
To fulfil their rt4uirements. as set out in thc Statemthi of Trtsstres ReSpo￿lb￿litle￿ tlie In￿¢% Tnttt twice yearly, and
the investment ￿rrfOllo is reviewed every halfrvear.
Any training requirements that are highlighied by individual irusl¢es ate organised pron]wly. and p￿vision will continue
be Lnade for an approwiate induction pwogramme fDr any new Irusttts.
The trusiees ContiM￿ to providc financial supm IA accordance with the objects set out bclow.
The trust¢¢5 are concerN¢d to ensure that all opwrtuniiies Jre tsken to bMadCa￿ the existei*e of ihe be￿rIts of the trust
50 tlut tlw are made known io des¢rving pupi15 arxl students wherever pDssible
The trusi¢¢s will also assess any oP￿rtUnrt1e% ithirh inay be of beiKfii ￿ the chwity.
REFERENCE AND ADMINISTRATIVE D￿rAI[s
Registered Charity number
518209
Pag¢ 2

The Burkitt SehDlar5hip Fund
Re￿rt of the Trustees
for th¢ Trexr Eoded 31 Augw8t 2025
Principal •ddr¢ss
C'o Durham Cathedral Schools foundaiioj)
The Grove
Quarryh¢ad$ Lane
DILrhain
DHI 4SZ
Trnstees
The tTUSIttS BPPLlillted by the Will of the late Lt Col H G S Burkilt aci as trnst¢¢s of Ihe Burkiff Scholarship Fund. The
charity trustee5 durin8 the year to ) l August ?025 ￿￿¢..
kj McLaughlin
SPJ Dobson
Dtsrhim ￿h0o1
Local Commuiiiiy
Trustees compris¢ on¢ person Th)Jninaied by t1￿ Gov¢nKJrs of Durham SclxKIl, and one person nominaled to repre5¢n¢
Ilie lo¢al co1￿MUnIty. neitherof wlw)m receives renwiTreration.
Indtpendtht Ex*mintr
Manin Hobson BA IHons) FCCA
Clive Owen LLP
Chaitered A¢￿￿n￿rtts
140 Coniscliffe Road
DARLtNGTON
Co Durliam
DL3 7RT
B8Thkers
Cater Allen
Triton Square
Regent's Pla¢e
London
NWI IAN
Investment Advisers
Brewin Dolphin Limited
Time Ceiilral
32 Galloiv82te
Newcastle Upon Tyne
NEI 4SR
Approved by order of the board of tru5ttts on 15 June 20?6 and signed on its behalf by..
spj
- Trustee
1>98e J

Indep¢nd¢Dt Ei*miner'5 RepDrt lo tbt Tro•ttts of
The Burlkitt &hol•rsbip Fund
Independent o¥afftiner's report fo the tr￿￿te5 of The Burkitt S¢hol*rsbip Fnnd
I reporf to the Ch￿lty trusttts on my examination of the ac4xbunts of The Burkitt SclK)1orthip Fund (the Tryst) for th¢
year ended i l August 2025.
Re4)(*nsibilitl¢J IDd basis of report
A$ the char5ty tr￿$1¢¢$ of the Tr￿51 you are rtsyy)]bible for the prepar*ion of the ￿COUnts in *ccordan¢e wilh the
requirements of the ChaTjties 2011 ('th¢ A¢V).
I report iii rtsp¢ct of my eYamin8tion of the Tnjsfs a¢￿￿nts carried out under Section 145 of the Aci and in ¢anying our
my eKaniination I have followed all applicable Directions given by ih¢ (hriry Commissioii under Section 14515Mbl of
the Act.
l)Mkpendent examill*r'$ stx¢¢*nent
I have comple*d my examin￿10￿. l ¢Thifirni that rnaterial haye Come to my att¢niion in coni)¢Cti￿1 willi th¢
cxamiiiaiiot) giving me cause to believe thai in any m*rial respect..
aceountllig records were kept in ttspect of the Tn￿( as requir￿ by Section 130 of th¢ A¢4 or
Ilie a¢¢ounts do fK)t xcord with those records: of
the aecounts do noi comply with the applicable requirements a)ncerning the fomi and eoi)teThtof accounts set out
in lh¢ Charities {ACCo￿ts Reporfsl Regulations 2008 other thèn any requirement ihai th¢ Kcounts give
tnre arbj fair view which is Dot a Matter considered ￿ p•ft of an inde￿￿￿t examillatio
I have no ¢on¢ems and have come across other Mati¢￿ in ¢onn¢rtion with the exlmintttion to whKh attention sknuld
be dr￿￿ in this rewjrt in OTder ¢0 enable a woper understanding of the xcounts to be rtached.
Marfin Hobson BA (Hons) FCCA
Clive (h%n LLP
Chartered Accountants
140 Coiiiscliffe Road.
DARLINGfoN
Co Durham
DL3 7RT
1 S June ￿26
IW4

"rhe Burkiit st1￿￿￿hAP F￿Tr￿
temeDt of Fin•nti•l Aetivltiej
for ihe l'ear Ended 31 Amgust 2025
?024
Toial
fuiid5
Unrestricted
fiind
Re￿rI¢l¢d
fiuids
Endowmen¢
fu￿1
Totsl
fund5
Noi¢s
INCOME AND
ENDOWMENTS FROM
Invcstiment IJ￿0￿¢
51.037
EXPENDITURE ON
Raising funds
10.976
10.Y16
10.461
Chgrlt#ble i¢¢ivili*s
Provisiijn of sraEiiS and
scliolarships
14.800
14,800
14,5110
Other
6.100
6.100
5,980
Total
20.gIM)
10.976
31.876
30.941
Net gain5 on inv￿mentS
58.029
148.795
NET IT¥COME
33.535
(i3.515)
47,05i
.13.535
80,588
168,891
TnD5fers betw'een fun
12
N¢¢ movtnKnt ill fuMIs
80.588
80.588
168,891
RECONCILIATJON OF
FUNDS
Tolal funds broughi fonvard
1.797.887
1,797,887
1,628,996
TOTAL FUNDS CARRIED
FORWARD
-878.475
1.878,475
,797.887
Tl)c noles liwm pjn of these lillèiicial siaiements

Tthe Burkiti Seknl•r5hip Fuwd
Sbe
31 August 2•25
20?5
Total
funds
?024
Total
fund5
Unrcstrid¢d
fund
Restricted
Endowmeni
fuJMI
FIXED ASSETS
Ii)v¢stmeiits
io
1.691,655
1.691.655
1.644,042
CURRENT ASSE15
Cash in hand
27JlO
189,320
216.7
162.825
CREDITORS
Amo￿lts falling due within on¢
yeAr
(27.380)
(2,500}
129,8801
(8,980)
NET CURRKIYT A&SKTS
186.820
186,820
153,845
TOTAL ASSETS LESS
CURR&iYf LIABIIATIES
l J78.475
1.878.475
1.797.887
NET ASSETS
1.878.475
1.878.475
1,797.887
FUIYDS
Endowment funds
12
1.878,475
1.797,887
TOTAL FUNDS
1,878,475
1.797.887
The fLnan¢ial stat¢mMts ThrT¢ ¥PPTov¢d by the Boanl of Trwtees and autknrised for issue on 15 June 2026 and w¢r¢
Si8Ded (trn its behalf by:
JDO
- Trustee
Th¢ IKbies forni parl of thrse finan¢ial siatemtiits
Pa.we 6

The Burkilt Srholxr5hip Fiind
Notes its the FJnAnri81 SO*tem￿ts
for the I'e•r Ended 31 Aury¥t 2025
ACCOUNTING POLICIES
Bxsi5 of preparing ihe fiThaThcixl ststothethts
The fIna￿la1 stai¢meiiis ot. The ¢hari¢y. which is a public beJkfLi eniity under FRS 10? have b¢en pr¢paied in
accordance with ilK Charlties SORP IFRS 10?) 'A¢cowilino and Reporring by Charilies: Statemeiit of
Recommended PM¢ti¢e applicable to ¢harities preparing their aecounts in accordance with tjx Fiiiancial
Rew)rting Sifiiidard applitable in the UK and R¢publi¢ of Ircl*id IFRS 1021 l¢ff¢¢tive l Jaiiuary ?019)',
Financial Rqx)rting Standard 10? Tr Fina￿￿ Rwrtins Standard appli¢able in Ihe UK and Republic of
Irelaiid, and ihe Gharities Ad 2011. Thc fJnarKial statern•its have breii prepared und¢r Ille hisioiical cost
onvei)tion. witli the excepti￿) of iijvesiinwits which included at Inark"et value, as IT¥)difi¢d by revalualion
of certain 8ssets.
Income
All income is re¢ognised rn the Ststemeni of FinarKial Adiviiies oi)ce the ¢l￿rity, h8s eniitlemeiil to thr funds, Lt
is probable that the iiicome will be ￿¢¢I¥¢d a￿1 die 8rn0UlIt can be measured reliab]y.
Expenditure
Liabilities are recognised a5 expenditure as soon as thcre 15 a legal or cottstnKtive obligatioii eominitting tile
chariry io thal expenditure. it is probable th81 & iransfer of ecork)inic benefits Mill be ￿qUired in settlemeiii
Ihe amount of the obligation can be meaSU￿d ffliably. Expenditure is accouiittd for on ai) ac¢rua15 basis aiid has
been classified under headings ihal aggrrgate all cost relaied io I1￿ ¢a*gory. Where costs cannot be dire¢ily
attributed to particular he￿ing5 th¢y have been alkncatcd to Ktivitie5 on a basis wnsistenr with use of
resources.
Grants offered subject fo WKli¢ions which have been nTret at the year date are noted as a eornmitmeni bui
not accrued as expcnditurc.
Smpport Cosis
The costs of the prepamion and exami11￿10n of statutory xcounts the ¢osts of trustce tneeting5 and cost of anv
legal advice to Irustccs on >vcrnance or ¢onsiiiutional mailers are ineluded in the SOFA as support costs.
Allocation lpportionmeni of ￿$t5
Support costs direcily atttibutsbk to an activity hJve bttn alhxated to th81 aciivity. Where support costs cannoi
be diieetly allributtd to aiiy aetivity Ihty have been alkKaied in prO￿rtIon to dire¢1 exp¢nditlJTe.
T*x*tiD
Th¢ charity is exempt from tax on its charitabje activilies.
UnreslTjCted funds can be used in accorda1￿e wlth tlK ¢hani8bl¢ objeciives at the discretion of t[￿ trus*es.
Resi¥ic¢ed fuiids Can ￿TrIy be used for particular restnffled PUTP05¢5 TrAithin tlie objec15 of the ¢hariiy. Restrictions
arise ivheji specifi¢d by ihe doJw)ror when fund5 are raised tor particular r¢5tricted purpose5.
Eiidoi¥men¢ funds are inv¢stinents and cash fomiing iht rtsidue of The esiate of ihe L21e Lt Col H G S Biirkitt.
This Endownieni Fund Is in¢r¢ased by realised gains on Inve￿Illen1 and iipit81is¢d income in accordaiice witli
the Will Tnsi Deeil.
Fiffther explanation ofthe nature aild purwse ofea¢h is included in the nol¢s to Tk fthanciaj 5taienienis.
liii'e51meTrts
Invcslments in the Balance Sheei at ihe accounts dai¢ are ￿al¢d ai ntsrket value. GairL8 and losses on disposal
Thd revaluation of iiivestln¢llts 3fL rhargtd or itediicd lo ihc Stalen￿nI of Fiiiancilll ActivTrlies.
The Charit￿ ha5 finaiicidl assets aiid litlall¢l411 liabiliiic5 (Trfa kind thai qiialifi as iYdSi¢ fJiianc¥al iiislTunienls. Ba51C
rii)aricial ii15trun)enlS are iniiiall) rtC0bTlll￿.d ai Irdtisa¢tlDll i￿lIV¥ li1￿ sub5Lyueiitly ineasur¢d al Ihcir 5eiilLn)enl
value.
Pa¥¢ 7
coniinue(l.

Tknt Burkitt Sehol•rship F¥nd
Nolu ¢0 th¢ FJn•Dtknl Sf*tsn*Dts- contin￿1
for tbe Ye*r Emded 31 2•25
ACCOUNfiNC POLICIES- tontin*d
Critical Aecouniiwjg ¢s¢imAtes *rus of jlldgemellt
Estimates judgemwits are continually evlluaied w)d are based on hiS￿ri￿1 experience aiid oiher fa¢ior&
includin8 expectations of future events that are believed to be reasonabl¢ under the cir(un￿lancc$.
Critical accouniing estimates and assumpti(￿-
Th¢ charity makes estimaies and assumptions ¢oth¢¢rning th¢ fith]re. The resulti￿ acCo￿ting cslimaies aThl
è5sumpiions will. by dcfiniiion. s¢ldom equal the rejated a¢nwl results. Thr CSiimaie$ ab)d assumption$ that Iwe
signifi¢aTh¢ risk of cau5in8 a mat¢rial adj￿str￿￿tt to the CArrying amounts of assets and liabilities wiihin the ii¢xt
financial year are discussed below.
Critical areas ofjudgement:
Du¢ to the ￿n-coMpleX naNre of the Charit￿5 opeTAlions gnd balance 5heeL in the opiiiion of the tr￿￿ceS tlierc
are iio key jyd8anents or estim￿10￿ un¢¢naintie5 that necd to be considered wlien preparing tlie fiiw¢ial
Staten￿nIs.
INVESTMENf INCOME
2025
20?4
Dividends
54.435
51,037
All kneome received during 2025 a￿1 2024 f¢slric￿d.
RAISING FUNIXS
Investment m*Magemtnt costs
2025
Support ¢oMs
10.976
10.461
CHARfTABLE ACTIVITIES Costs
GM
rundingof
activitrt5
IS¢e Tho1¢ 5)
0515 Ixe
ote 61
Totsls
20?4
ProV￿￿n of $r4nlS ￿￿la￿hRp5
14,61XI
6.ILKI
20.900
20,48Q
All expens¢s incurred durin8 2025 and ?024 related io restricted fiind*
P8ge I
onliniied.

The Bllrkilt Schoknrship Fund
Noies ¢0 the Finathci*l Staternenis- coDlinlled
ror tbe Eth31 August 2025
GRANTS PAI'ABLE
20?4
Provision of grdnts ?nd scholarshsps
14.800
14,500
The tri¢al gtanis paid to individuab durinB ihe year was a5 folk)ws'.
2025
1024
BurkTrit S¢lw)iarship$ ￿ Durharn SCI￿1
Burkitt Scholar511ips to Oyford wjd Cambridgc
12.000
11.000
-1,500
14,800
14.500
All grants payable during 20?5 and 20?4 iverc re5tricied.
SUPPORT COSTS
Managem￿1
costs
Totals
2024
Other re501Lrces VAP￿)ded
2.1
6.100
5,980
All 54iPPOrt f05ts payable durin8 ?0?5 and 20?4 wue restricted.
Governa￿e ¢osts relate to fees paid th¢ I•d¢￿￿1 &xaniination of the a¢coyiiis (20?4". £1.980I.
TRUSTEES. REMUIYERATION AND BENEFITS
There were no trustees. r¢muneNion or other bertfiis for thc year ended 31 Augu51 ry025 rior fw tlie year ¢nd¢d
31 August 2024.
Trw(e￿, expenses
Tliere wcre no
3 l AugLW 2024.
Iruste¢s' expenses paid for the year e￿ 11 Augll￿ 2025 nor for the year ended
COMPARATIVFS FOR THE 5rATE￿IE￿r OF FINANCIAL ACTIVITIES
un[E￿rIcted
Restrirt¢d
fund
Endowm¢iJt
fund
TotRI
fiinds
INCOME AND ENDOWfvIEKI8 FROM
Iiiv¢sin￿￿r iiicothe
51.017
51.037
EXPF.NDITURE ON
Raising ful￿$
10.461
10.461
Ch%ritHble actiyities
Pr()vision oFgirniiis and 5¢ho18r5hip5
14.500
14.iOO
5.980
5.980
Total
10.461
Page 9
coniiniie(l..

Th¢ Bwr15itt Stbolar5hip Fu
.Yotes io ti* FA**n¢iAI Stst¢JDeDts- elMbtitt•ed
for the Yar 31 Aueust 2025
COMPARATIVES FOR THE sTATEM£Tr￿ OF FINANCIAL AcfiviTIES- co*tin¥ed
UTrrc5tri¢ted
RestrActtd
Endo}￿1¢￿1
nd
ffijnds
fund
Toi81
funds
Net gains on inveslments
148.795
148.795
NET INCOM
Trnnsfers betweeN funds
30557
(30.557)
138.334
30,557
168,891
Net movewent ID I￿ndS
168.891
168,891
RECONCILIATIOP4 OF FLINDS
Totyl fuhvjs broiighi fonyard
1.628.996
1.628.996
T(YfAL FUNDS CARRIED FORWARD
1.797.887
1.797.887
EMPLOYELS AND DIRECTORS
The ov¢r¥ge numberof ¢nwioy¢es durin8 th¢ curmrt &ThJ prior year Nil.
io.
FIXED A&SET IP4vESTMEf￿Ts
Listed
UDlisred
investinents
MARKET VALUE
At I September 7024
Addittons
Rev81￿170ns
Di5posal$
1.639,509
4.533
4,657
1.644,042
225,864
58.099
(236,280}
67.877
1246.128)
At 31 Aug￿￿ 2025
1.682.465
9,1
1,691,655
NET BOOK VALUE
AI 31 Au8lLSt ?025
1.682.465
9,190
1.691.65S.
Ai 31 August ?024
1,639.509
4,533
1.644,042
The portfolio is invesied at i l AUg￿t ?(V25 as follo
Viluation
UK Bonds
Oversea$ Bonds
UK Eqiiities
Nortl) 8merican Eqliities
Europeaii EjLlitie$
Jup3nese Equities
Developed Asia ex Jopan Equhties
Emeigiii(v Mark'ei Equities
Global InvestnKnts
Absolule R¢nJni
10?,005
176.601
i09,707
603,162
84.387
50,872
98.141
16,698
66.54)
40.90?
4.99°
o.i)w.
Pate 10
contiiiued...

The Burkiii SclwlArship Fiind
Notes to tht Fin*nci•l StsttJnents- ¢onliDued
for the l'ear Ended 31 A￿g￿&t 21125
10.
FIXED ASSET INI.'EStMEiYfs- continued
Property
Commodities
her Invesiments
Cath Product
C8sh
54.164
2.730/0
11.55?
?1,616
9.191
1.280/•
1.691.6$5
loo%
CREDITORS: AMOIINTS FALLING DUE WITHIN ONE IEAR
2095
2024
Trade creditor5
Ainounis due io relai¢d cornpany
Accruals
840
?7.380
2.500
?9.880
8,980
12.
MOVEMENT FUNDS
Trdnsf¢r5
movemenl
in funds
Ai
31.8.25
At 1.9.24
fuiid5
Restritted
Burkilt Scholarthips ro Durham khool
Burkitt Scholatships to Oxford and
Cainbridge
21.835
(21,835)
11,700
(11,70QI
33.535
li3.535)
EndowHbtnt funds
El1dm￿￿¢nt Fund
1.797.887
47.053
33.535
1.878.475
TOTAL FUP4DS
.797.887
80.588
1.878.475
Nei rTh)veffienl in funds. included in (he a￿¥¢ are as folloiys:
Incoming
Resources
expended
Gains
losses
Mov¢in¢nt
in fiinds
Rt5tric¢td fund5
Burkitt Scholjrships io Dul￿n S¢kni
Biirkitt Scliolarthips to Oxfor(l and
Cainbridee
Management costs
R3.835
21.835
14.500
6.100
I:.3￿)
16.1001
11.700
54.434
120.9001
Eiidowment funds
Endowineiii Fund
110.976)
$8.0:9
47.05.1
TOTAL FUNDS
131.876)
58.0.9
80.588

The Bwrt4i¢t Schol*Thbip Fund
N•its to the FID*￿11] Sl*t¢meDls- eoDlinued
for the E￿Ied 31 Awst 2025
12.
MOVEMENT IN FUNDS- coM¢in*¢d
Comparnlives for movtmeDt ID fwids
Net
movemenl
in r￿id$
Transfers
betwten
fun
Al
31.8.24
Ai 1.9.23
Re5tTiettd funds
Burkitt Scholarships to Durham Sc1K￿l
Burkiil Scholarships to Oxford Ind
Cambridge
20.540
120.540)
10.017
110.017)
30.557
(30.557)
El￿01¥m¢nI FWMI
1.628.996
138J34
30,557
1.797.887
TOTAL FUNDS
1.628.996
168,891
1.797,887
CompaNive net nKJvement in funds. In¢l￿ed in ihe aknve are a5 follows:
Incoming
U￿¢$
Gains Y41
losses
Movement
ITh funds
cxpended
Restricted funds
Burkitt S¢holaTships to Dutrtham SclKJol
Burkilt Scholarships ¢0 Oxford
Cambridge
31,540
(I 1.000)
fj0.540
13.517
5.980
(3.5￿)
(5,9801
10.017
cosis
51.037
(20.480)
30.557
ndowrneTrt fuods
Endoivment Fund
(10.461)
148.795
138,J34
TOTAL FUNDS
51.037
(30.941)
148.79$
168,891
Restrictod f￿Thd$
University aivards are paid in advancc in September 20*4 In respect of academic year ?024,.'25. If the iiieome of
Ihat year exceeds ihe awaftls pa￿ oul, Ih¢n the wispeTht balon¢e bToughi fornvard at tlie Start of the year is
apitèlised as unspmi income in ats"ordart￿ wilh the ptovisions ofthe Tn￿ Deed.
The piwpose of each 15 restrided io provide ¢du￿(lo￿al srlM)larships for pupils lo atte￿1 Durharn SclM)ol or
Oxford and Cambridge iinivetsilies.
EndowTheNt fuudg
In¢ome generated from inv¢stments wid cash forming residue of the e5tat¢ of the late Lt Col H G S Burkiti.

Th¢ Burkilt SCI￿l￿rship F￿nd
Nv¢e5 lo tht Fin*nciAI Stste]nents- roniinued
for the l'ear Ended 31 AuEUSt 21125
RELATED PARTr. DISCLOSIIRES
The Will Tru$1 Deed specifie5 thal oi]e TrLL41ee is tl]e HeadmJsi¢r of Dutham Cathedrzl Scliool Foundation.
Durliam Cathedral SclM)ol Foundation charged £4,1)iKI 12024.. £4.000) in the year io The Burkiii S¢holarsliip
Ful￿ ￿ cover secretarial and adrnini5traiion co*$ and paid schol815hips on behalf of the pupi15 toialling £14,800
(?024.. £14.-5001. At 3 1 Au8USt 20fj5 the amouni due lo Durham Cathedrdl sc1K￿l Foundation i¥as £?7.180
(20?4- £5.640).
Pale li

The Burkitt S¢hol*ryhip FuAd
D¢t*iied St*leiiieiit Dr￿*￿￿¢1￿1 Aetivities
for the I'ur Ended 31 August 21125
?025
2024
INCOME AND ENDOWMENTS . ,
Inves¢m¢nt intome
Dividends
54.435
51.037
Total incomiDE re*urees
54.435
51,037
EXPENDITURE
Chsritgble 8ethliies
Grniits ￿ individual$
14.800
14.500
Support eosts
M#Dagement
Adn)inistra¢ion ¢hwge and marketing
Inve5tfftellt mawent fee
4.000
10.976
4.000
10.461
14.976
14.461
Governinee tt15ts
Independeni examiners fees
2.100
1.980
Total resour¢¢s expended
31.876
30.941
N•t income before gxina *Bd 1055es
22.559
20.096
CAinsllosses
Gainslilosses) on fixed asset inveslmcnts
58.029
14¥,795
Net income
80,$88
168,891
This page tK)t fi)rrn part ot'the Statu￿1¥ linaiicial siateJnent$
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