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2024-03-31-accounts

Trustees MrDJWalker
MrsS FPeck
DrPJRoberts
Ms ABoardman
MrsHTroft
DrWPonsonby
MrJScott
MrTKeough
RevCHope
MrSHarwood (AppointedINovember2023)
MrDHammond (Appointed17ftober2023)
Charitynumber s26847
Principaladdress C/O Keswick School
Vicarage Hill
Keswick
Cumbria
CA125QB
lndependentexaminer Darren LittleFCA
Saint&CoChartered Accountants
The OldPoliceStation
ChurchStreet
Ambleside
Cumbria
rA220ST
Bankers HSBCBankPlc
29EnglishStreet
Carlisle
Cumbria
cA38JX
Solicitors Browne Jacobson
14th Floor
1Hardman Square
Spinningfields
Manchester
Lancashire
M33EB
lnvestment manaters James Brearley&Sons
WalpoleHouse
Unit2BurtonRoad
Blackpool
Lancashire
FY44NW

Page
Trustees'report 1-3
Statementoftrustees' responsibilities 4
lndependent examiner'sreport 5
Statement of financial activities 6-7
Balancesheet 8
Notestothe financial statements 9-17

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2024 2023
Notes e e E e
Fixed assetg
Tangibleassets 13 214,362 274,362
lnvestments L4 7,478,677 7,349,280
7,692,973 L,563,642
Curentassets
cash at bankandinhand 77,242 32,220
CredltoB:amounts falling duewithinoneyear15 (1,9ss) (1,960)
Netcurlentassets 75,247 30,260
Total assets lesscurrent liabilities L,70A,2@ 1,593,902
N€tassetsexcludingpensionliability 1,708,260 1,s93,902
Thefunds of thetrust
Endowment funds 15 7,4aO,492 1,394,808
Restrictedincome funds L7 798,677 186,146
Unrestricted funds 29,O97 L2,948
7,708,260 1,593,902

Unrestricted Unrestrlcted
funds funds
2024 2023
f f
Donationsandgifu 5,747 1,050
Restricted Endowment Total Restricted Endowment Total
funds funds funds firnds
20/24 2024 2024 2021 2023 202t
E e e e t f
Dividendsand interest on
listed investments 4,930 36,177 4L,O47 3,741 27,723 31,504
Expendhure onraisingfunds
RestIicted Endowment Total Restricted Endowment Total
funds funds funds funds
2024 2024 2024 2021 2023 2023
e f E f e t
lnvestment management
costs 1,089 7,984 9,O73 7,786 8,700 9,886

5 Expendlture on charitableactivities
TrustactivitiesTrust activities
2024 2023
EE
Directcosts
KeswickAcademy 11,rr08 37,O34
Prizegiving Fund 3,000 3,000
74,408 40,034
Shareofsupportandgovernancecosts(seenote 7)
Support 4,522 2,231
Governance 7,200 7,200
20,130 43,465
Analyslsbyfund
Unrestricted funds 71,730 40,465
Restrictedfunds 3,000 3,000
20,130 43,465
7 Supponcostsallocatedto activities
2024 2023
f E
lnsurance 1,103 7,O73
Staffretirements 7,728 s96
Bank charges 62 60
Legalfees 7,507 744
Prizegiving expenses 66 85
Watercharges 56 273
Governance costs 1,200 1,200
5,722 3,43t
Analysedbetween:
Trustactivities 5,722 3,431
8 Netmovementinfunds 2024 2023
f e
Thenet movementinfundsisstated after charging/(crediting):
Feespayablefortheindependent examinationofthecharity's financial statements 1,200 7,200

2024 2023
Number Number

Restricted Endowment Total Restricted Endowment Total
funds funds funds funds
2024 2024 2024 2023 2021 202X
Gains/(losses) arising on f f € E € t
Revaluationof investments 11,684 85,683 97,367 (74,4041 (ros,630) (120,034)

LandatHowrahs 50,000
Securityfencing & canopy at Lairthwaite 78,328
Land at rearofschool 86.034
274,362

tisted
investments
€
Costorvaluation
AtlApril2023&31Match2024 7,349,24O
Carryingamount
At31March2024 1,349,280
At31March2023 1,349,280

CredltoG: amounts falling duewithinoneyear
2024 2023
C e
Tradecreditors 755 760
Accruals anddeferred income 1,200 1,200
__1= 1,960

At1April2023 lncoming Resources TransfuIsGainsandlosses TransfuIsGainsandlosses At31March
resources expended 2024
e e f f e f
PermanentendowmenG
Freeholdland
andproperty
lnvestment		 274,362
7,780,446		 36,177 l7,98,4l
128,132].		 8s,683 214,362
7,266,730
1,394,808 36,L17 (7,9841 128,7321 85,683 r,480,492
Previousyear: At1April2022 lncoming Resources T6nsfersGains andlosses At31Ma.ch
Ies(,urces expended 2023
f f E e e f
Permanentendowments
Freeholdland
andproperty
lnvestment		 274,362
7,2A6,076		 27,723 (8,700) (19,023) (10s,630) 274,362
L,780,446
1,500,438 27,723 (8,70O) (19,023) (105,630) 1,394,808

At1April2023 At1April2023 Incomint ResourcesGains andlosses At31March
f resouaces
e		 expended
Ee.		 2024
E
Prizeand scholarship funds 186,146 4,930 (4,089) 77,684 198,671
Previousyean At 1April2022 lncoming R6ourcesGains andlosses At31March
resources expended 2023
e f ff 2
PrizeandScholarshipfunds 200,955 3,787 (4,185) (74,404]- 186,146

AtlApril2023 lncoming Resources Translers At31March
tesources expended 2024
E E E e E
Generalfunds t2,948 s,747 _!1',*) 24,82 29,O97
Plerriousyear: At1April2022 lncomint Resources Transfers At31March
resources expended 2021
e € € f C
Generalfunds 33,340 r,050 (40,46s) 79,O23 72,944
AnalysisofnetasseBbetween funds
UnrestricGd Restrided Endowment Totll
funds lunds funds
2024 2024 2024 2024
E e. e i.
At31Ma.ch2024:
Tangibleassets 274,362 274,362
lnvestments 13,8r0 19a,677 1,266,130 7,478,677
Current assets/(liabilities) 75,247 75,24?
29,@7 198,677 L44O,492 7,704,2@
Unrestricted R6tricted Endowment Total
tunds funds funds
202t 202t 2023 2023
E t € f
At3lMarch2023:
Tangibleassets 214,362 274,362
lnvestments 168,834 7,t80,M6 1,349,280
Current assets/(liabilities) 72,944 17,312 30,260
12,948 186,146 1,394,808 1,593,902