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|Trustees|ProfR5Fowler|
|---|---|
||MrDJWalker|
||MrsS FPeck|
||DrPJRoberts|
||Ms A Boardman|
||MrsHTrott|
||DrWPonsonby|
||MrJScott|
||MrT Keough|
||RevCHope|
||MrM Derrick|
|Charitynumber|526847|
|Principaladdress|C/O Keswick School|
||Vicarage Hill|
||Keswick|
||Cumbria|
||cA12sqB|
|lndependentexaminer|Darren LittleFCA|
||Saint &CoCharteredAccountants|
||The OldPoliceStation|
||ChurchStreet|
||Ambleside|
||Cumbria|
||LA22OBT|
|Bankers|HSBCBankPlc|
||29EnglishStreet|
||Carlisle|
||CA38JT|
|Solicitors|growneJacobson|
||14thFloor|
||lHardman Square|
||Spinningfields|
||Manchester|
||Lancashire|
||M33EB|
|lnvestmentmanagers|lamesBrearley &Sons|
||WalpoleHouse|
||Unit2BurtonRoad|
||Blackpool|
||Lancashire|
||FY44NW|





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||Page|
|---|---|
|Trustees'report|1-3|
|Statement of trustees' responsibilities|4|
|Independent examiner'sreport|5|
|Statement of financial activities|6-7|
|Balancesheet|8|
|Notesto the financial statements|918|





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|Current financial year||||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment||TotaI|TotaI|
|||funds|funds||funds|||
|||2023|2023||2023|2023|2022|
||Notes|f|E||f|f||
|lncomefrom:||||||||
|Donations andlegacies|3|1,050||||1,050|288|
|lnvestments|4||3,781||21,123|31,504|33,559|
|Totalincome andendowments||1,050|3,787||21,723|32,554|33,447|
|Ex<br>on:||||||||
|Raisingfunds|5||1,186||8,700|9,886|10,166|
|Charitable activities|6|40,465|3,000|||43,465|6,923|
|Tota Iexpenditure||40,465|4,186||8,700|53,351|17,089|
|Net gains/(losses)oninvestments10|||(14,404) (10s,630)(120,034)||||68,675|
|Net(outgoing)/incominSresourcesbefore||||||||
|transfers||(39,41s)|(14,80e)(86,607)|||(140,831)|85,433|
|Grosstransfers between funds||19,023|||(19,023)|||
|Netmovementinfunds||l2o,3s2l{14,809)(10s,630)(140,s31)|||||85,433|
|Fund balancesatlApril2022||33,340|200,955||1,500,438|1,734,733|1,649,300|
|tundbalancesat31March2023||12,944|186,146||111Y|1,s93,902|7,734,733|





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|Prior financial year||||||
|---|---|---|---|---|---|
|||LJnrestricted|Restricted|Endowment|TotaI|
|||funds|funds|funds||
|||2022|2022|2022|2022|
||Notes|f|I|€|f|
|lncomefrom:||||||
|Donations andlegacies|3|288|||288|
|lnvestments|4||3,142|29,8\7|33,559|
|Total income andendowments||288|3,142|29,477|33,847|
|Expenditure on:||||||
|Raisingfunds|5||1,734|9,032|10,166|
|Charitableactivities|6|6,923|||6,923|
|Totalexpenditure||6,923|7,734|I,032|77,089|
|Net gains/(losses)on investments|10||7,557|61,018|68,67s|
|Net(gutgoing)/incomingresourcesbefore transfers||(6,63s)70,26s||81,803|85,433|
|Grosstransfers between funds||20,185||(20,78s)||
|Netmovementinfunds||74,750|10,26s|61,018|85,433|
|Fund balancesatlApril2021||19,190|190,6907,439,420||1,649,300|
|Fund balancesat31March2022||33,340|200,955|1,500,438|7,734,733|





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|||2023|||2022||
|---|---|---|---|---|---|---|
||Notes|f|f|E||t|
|Fixed assets|||||||
|TanBibleassets|L2||274,362|||274,362|
|lnvestments|13||7,349,2AO|||7,393,477|
||||7,563,642|||1,607,179|
|Currentassets|||||||
|cash at bankand inhand||32,220||726,954|||
|Credito6:amountsfallingduewithinone|||||||
|year|74|(1,960)|||||
|Net€urrentassets|||30,260|||t26,954|
|Total assetslesscurrent liabilities|||7,593,902|||7,714,733|
|Capitalfunds|||||||
|Endowment funds-general|15||1,394,808|||1,500,438|
|lncome funds|||||||
|Restrictedfunds|16||186,146|||200,955|
|Unrestricted funds|||72,948|||33,340|
||||r,593,902|||1,734,733|






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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|E|f|
|1,050|288|





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|Restricted|Endowment|Total|Restricted|Endowment|TotaI|
|---|---|---|---|---|---|
|funds|funds||funds|funds||
||general|||general||
|2023|2023|1023|2022|2022|2022|
|f.|f|E|f|e|E|
|3,1AL|21,723|31,504|3,742|29,81.1|33,559|



||Restricted|Endowment|TotaI|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
|||general|||general||
||2023|2023|2023|2022|2022|2022|
||f|€|E||f|f|
|lnvestment managementcosts|1,186|8,700|9,886|7,734|9,032|10,165|
||1,186|8,700|9,886|7,734|9,032|10,166|





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||||||charitable|Charitable|
|---|---|---|---|---|---|---|
||||||activity|activity|
||||||2021|2022|
||||||f|€|
|KeswickAcademy|||||37,O34||
|Library Fund: RosemaryAitkenEequest||||||1,000|
|Prizegiving Fund|||||3,000|3,000|
||||||40,034|4,000|
|Shareof supportcosts (seenote7)|||||2,231,|2,923|
|Share of governance costs (seenote|7)||||1,200||
||||||:!:|6,923|
|Analysisbyfund|||||||
|Unrestricted funds|||||40,46s|6,923|
|Restrictedfunds|||||3,000||
||||||43,465|6,923|
|Supponcosts|||||||
|SupportcostsGovernance|||2023Supportcosts||Governance|2022|
|||costs|||costs||
||EE||f|f|f|f|
|Insurance|7,O73||L,073|947||947|
|staffretirements|596||596|758||758|
|Bank charges|60||60|15||15|
|Legal fees|744||744|7,740||7,740|
|Prizegiving expenses|85||85|63||63|
|Watercharges|213||273||||
|Auditfees||1,200|1,200||||
||2,231.|7,200|3,437|2,923||2,923|
|Analysedbetween|||||||
|Charitable activities|2,237|7,200|3,431|2,923||2,923|



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|2023|2022|
|---|---|
|Number|Number|



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|||Restricted|Endowment|Total|Restricted|Endowment|TotaI|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
||||general|||general||
|||2023|2023|2023|2022|2022|2022|
|||f|E|€|f|f|f|
|Revaluation|of investments|\74,404],|(10s,630)|(120,034)|7,657|61,018|68,675|



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|Creditors: amounts falling duewithinone year|||
|---|---|---|
||2023|2022|
||f.|f|
|Tradecreditors|760||
|Accruals anddeferredincome|1,200||
||1,960||





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||Balanceat<br>lApril2021<br>€|lncoming<br>f|Movementinfunds<br>ResouraesTransfersRevaluations<br>expended<br>gains andlosses<br>fEf|Balanceat<br>LAptil2022<br>f.|lncoming<br>f|Movementin fuods<br>ResourcesTransfersRevaluations<br>erpended<br>gains andlosses<br>ffE|Balanaeat<br>3lMarch 2023<br>E|
|---|---|---|---|---|---|---|---|
|Permanentendowments||||||||
|Freeholdland and||||||||
|property<br>lnvestment|274,362<br>7,225,058|29,477|{e,032)120,785],61,018|274,362<br>7,286,076|27,723|(8,700)(19,023)(10s,530)|274,362<br>I,780,446|
||r,439,420|29,877|<br>(9,032) (20,785) 61,018|1,500,438|27,723|(8,700)(19,023)(10s,530)1,394,808||



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||l|Balanceat<br> April2021<br>f|Movementinfunds<br>Inaoming<br>ResotrcesRevaluations,<br>resources<br>expendedgains andlosses<br>fff|Balanceat<br>IAptil2022<br>f|Movementinfunds<br>lncomingResourcesRevaluatlons,<br>reSourcesexpendedgalnsandlosses<br>EfE|Balanceat<br>3lMar.h2023<br>f|
|---|---|---|---|---|---|---|
|PrizeandScholarshipfunds||190,590|l.1,734)<br>3,742<br>7,657|200,955|114,404)<br>3,787<br>14,186)|186,746|





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|Analysisofnetassetsbetweenfunds|||||||||
|---|---|---|---|---|---|---|---|---|
||Unrestricted<br>funds|Restricted<br>funds|Endowment<br>funds|TotaI|Unrestricted<br>funds|Restricted<br>funds|Endowment<br>funds|TotaI|
||2023|2023|2023|2023|2022|2022|2022|2022|
|Fund balances at31 March2023are represented by|f|E|E|f|{|f|f|E|
|Tangibleassets<br>lnvestments<br>Current assets/(liabilities)|72,944|168,834<br>77,372|274,362<br>7,780,446|274,362<br>7,349,2AO<br>30,260|33,340|107,347<br>93,674|274,362<br>7,286,016|274,362<br>7,393,417<br>726,954|
||72,948|786,746|1,394,808|7,593,902|33,340|200,955|1,500,438|7,734,733|





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