**Bretherton Endowed School Foundation** # **Bretherton Endowed School Foundation** **(Registered Charity No. 526314)** **Trustee’s Annual Report and Accounts for the year ended 31 December 2020** 2 **Bretherton Endowed School Foundation** ## **Trustees’ Annual Report for the year ended 31 December 2020** The trustees present their annual report and accounts for the year ended 31 December 2020. ## **Reference and administration details** Other Names: The Feoffees Registered number 526314 Address: Back Lane Farm Back Drinkhouse Lane Croston Leyland PR26 9JL Telephone: 01772 600917 Charity Trustees: Mr R Coupe (Chairman) Reverend M Woods Mr MJ Hart Mr RI Guinness Mrs M Mee (Minuting Secretary) Mrs L Redshaw Mrs ME Wild (Secretary) Mr S Williams Mr P Bradley Mrs G Lloyd Mr A Murphy Mr DC Cowburn Bankers: The Royal Bank of Scotland Drummond House (FY) Branch Customer Service Centre Drummond House 1 Redheughs Avenue Edinburgh EH12 9JN National Westminster Bank plc 130 Lord Street Southport Merseyside PR9 0AE Independent Examiner: Mr JFD McMillan FCA McMillan & Co LLP _Chartered Accountants_ 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA 1 Bretherton Endowed School Foundation **Bretherton Endowed School Foundation** ## **Trustee’s Annual Report (continued) for the year ended 31 December 2020** Solicitors: Marsden Rawsthorn Solicitors Ltd Westmarch House 42 Eaton Avenue Buckshaw Village Chorley Lancashire PR7 7NA Property Agents & Acland Bracewell Surveyors Limited Surveyors: The Barrons Church Road Tarleton Lancashire PR4 6UP ## **Structure, governance and management** The governing document is a Charity Commission Scheme dated 15 August 1994, which superseded a Scheme in the High Court of Chancery on 5 November 1829 which superseded an Indenture of 1654. All twelve Trustees, with the exception of the present incumbents of Croston and Bretherton (ex officio), are co-opted for a term of five years. ## **Objectives and activities** The objects are to apply the income to assist the Governors of Bretherton Endowed School with the cost of conducting the school and advancing education thereat by the provision of equipment, facilities and other benefits, and in promoting the education (including social and physical training) of persons under the age of 25 who are attending or have attended the school. The trustees confirm that they have referred to the guidance contained in the Charity Commission’s guidance on public benefit when reviewing the Charity’s aims and objectives. ## **Achievements and performance** This has been a further year of consolidation and planning to extend the property portfolio in order to maximise assets. ## **Financial Review** The Charity operates with minimal unrestricted reserves designed to cover basic repair and insurance costs of its various properties and operational expenses. The Permanent Endowment is in property and land and amounts are maintained in Common Investment Funds in M & G the Equities Investment Fund for Charities (“Charifund”). Acland Bracewell revalued the properties of the Charity on 4 July 2007 at a total of £1,589,650. During 2014 a freehold property was purchased for £170,752 utilising cash funds and investments. 3 ## **Bretherton Endowed School Foundation** ## **Trustee’s Annual Report (continued) for the year ended 31 December 2020** ## **Statement of Trustees Responsibilities:** Law applicable to charities in England and Wales require the Trustees to prepare accounts for each financial year which fairly present the receipts and payments of the Charity during the year and its assets and liabilities at the end of the year. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ensure that the accounts comply with the Charities Act 2011. They are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the Trustees …………………………………………… ## **R Coupe** _**Chairman**_ 19 October 2021 4 ## **Bretherton Endowed School Foundation Receipts and Payments Account for the year ended 31 December 2020** |**Receipts**
_Investment dividends/interest:_
Land rent
Wayleaves
Property rent
Charifund
COIF Deposit Interest
Other interest
**Total Receipts**
**Payments**
_Investment management costs:_
Insurance
Repairs and maintenance
_Costs of charitable activities:_
Donations
Insurance of Bretherton School buildings
_Governance costs:_
Other expenses
Independent examiner
Trustee indemnity insurance
School Porch
Septic Tank
Multi Use Games Area
**Total Payments**
**Net Receipts**
**Total funds brought forward**
**Total funds carried forward**|**2020**
**£**
**1,838**
**-**
**30,043**
**10,840**
**194**
**70**
**42,985**
**1,347**
**10,213**
**1,200**
**2,999**
**2,164**
**480**
**374**
**-**
**8,070**
**8,000**
**34,847**
**8,138**
**171,15**
**2**
**179,29**
**0**|2019
£
1,838
33
28,626
13,429
235
158
44,319
1,296
13,893
-
3,030
423
462
353
8,160
-
-
27,617
16,702
154,450
171,152| |---|---|---| 4 ## **Bretherton Endowed School Foundation** ## **Statement of Assets and Liabilities as at 31 December 2020** |**Cash funds**
Bank current accounts
COIF Charities deposit fund
**Assets**
Property (Note 3)
Investments (Note 4)
**Total**|**2020**
**Unrestrict**
**ed Funds**
**£**
**105,061**
**74,229**
**179,290**
**-**
**-**
**-**
**179,290**|**2020**
**2020**
**Endowmen**
**t Funds**
**Total**
**Funds**
**£**
**£**
**-**
**105,061**
**-**
**74,229**
**-**
**179,290**
**1,859,137 1,859,13**
**7**
**222,068**
**222,068**
**2,081,205**
**2,081,2**
**05**
**2,081,205 2,260,45**
**9**|**2020**
**2020**
**Endowmen**
**t Funds**
**Total**
**Funds**
**£**
**£**
**-**
**105,061**
**-**
**74,229**
**-**
**179,290**
**1,859,137 1,859,13**
**7**
**222,068**
**222,068**
**2,081,205**
**2,081,2**
**05**
**2,081,205 2,260,45**
**9**|| |---|---|---|---|---| ||||**179,290**|| ||||**1,859,13**
**7**
**222,068**|| ||||**2,081,2**
**05**|2,111,74
9
2,282,901| ||||**2,260,45**
**9**|| The accounts set out on pages 4 to 7 were approved by the trustees on 19 October 2021 and signed on their behalf by: ## ………………………… **R Coupe Trustee** 5 **Bretherton Endowed School Foundation** Notes (forming part of the accounts) ## 1 **Accounting policies** The charity is allowed under section 133 of the Charities Act 2011 to prepare receipts and payments accounts as its gross income is not over £250,000. A receipts and payments account is a factual record of money received and paid during the year. A statement of assets and liabilities is a list of significant possessions and outstanding financial obligations as at the end of the financial year. The accounts do not purport to show a true and fair view of the Charity’s financial activities and state of affairs. ## 2 ## **Trustees remuneration and expenses** No remuneration directly or indirectly out of the funds of the Charity was paid or payable for the year or prior year to any trustee or to any person or persons known to be connected with any of them. No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year or prior year. - **3 Property, at cost or valuation** |**Investment property**
Land at Eyes Lane, Bretherton (3.56 acres)
Land at Dunkirk Lane, Leyland (6.577 acres)
Land at Sydbrook Lane, Croston (16.191
acres)
376 Dunkirk Lane, Leyland
50 Station Road, Croston
**Set aside property**
School Buildings, Bretherton
Additions since 2007
_Old School House:_
152 South Road, Bretherton
154 South Road, Bretherton
Land at Dunkirk Lane, Leyland (0.76 acres)
Allotment of Dunkirk Lane, Leyland|**2020**
2019
**£**
£
**8,400**
8,400
**11,750**
11,750
**29,000**
29,000
**310,000**
310,000
**170,752**
170,752
**529,902**
529,902
**925,000**
925,000
**98,735**
82,665
**245,000**
245,000
**52,000**
52,000
**3,500**
3,500
**5,000**
5,000
**1,329,235**1,313,165
**1,859,137**1,843,067| |---|---| The properties are stated at valuation as at 4 July 2007 plus additions since that date at cost. 6 ## **Bretherton Endowed School Foundation** ## Notes (continued) (forming part of the accounts) 4 **Investments,** at valuation ||**2020**|2019| |---|---|---| ||**£**|£| |M & G The Equities Investment Fund for||| |Charities (“Charifund”) – 16,178.956 (2019:||| |16,178.956) Income Units|**222,068**|268,682| 7 ## **Independent Examiner’s Report to the Trustees of the Bretherton Endowed School Foundation** I report on the accounts of the Charity for the year ended 31 December 2020 which are set out on pages 4 to 7. ## **Respective responsibilities of Trustees and Examiner** The Charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required this year under section 144 of the Charities Act 2011, and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act: - follow the procedures laid down in the general Directions given by - the Charity Commission (under section 145(5)(b) of the Charities Act): and - state whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Statement** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matter set out in the statement below. ## **Independent Examiner’s Statement** In connection with my examination, no matter has come to my attention: - 1 which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or - 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. JFD McMillan FCA McMillan & Co LLP _Chartered Accountants_ 8 19 October 2021