# ## ## |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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||r!||ort|ort||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||o
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!gf|| ## ## ## |||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| ## ## ## ## ## ##