2025-03-31-accounts - Keswick School Charitable Trust

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Truste6	MrDJWalker
	MrsSFPeck
	DrPJRoberts
	Ms ABoardman
	MrsHTrott
	DrWPonsonby
	MrJScott
	MrT Keough
	RevCHope
	MrSHarwood
	MrDHammond
Charltynumber	5268/7
Prlnclpaladdr€ss	C/O Keswick School
	VicarageHill
	Keswick
	Cumbria
	CA12 5QB
lndependerlt examinel	Darren LittleFCA
	Saint &CoChartered Accountants
	TheOldPoliceStation
	ChurchStreet
	Ambleside
	Cumbria
	LA22OBT
Bankers	HSBCBankPlc
	29 EnglishStreet
	Carlisle
	Cumbria
	cA38JX
Sollchors	BrowneJacobson
	14th Floor
	IHardman Square
	Spinningfields
	Manchester
	Lancashire
	M33EB
lnrr6tmentmanagels	James Brearley&Sons
	WalpoleHouse
	Unit2BurtonRoad
	Blackpool
	Lancashire
	FY44NW

	Page
Trustees'report	1-3
Statement of trustees' responsibllities	4
lndependent examiner'sreport	5
Statement of financial activities	6-7
Balancesheet	8
Notestothe financial statements	9-77

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		2025		2024
	Notes	E	f	2	E
Flxed asseG
Tangibleassets	13		274,362		274,362
lnvestments	t4		7,414,O20		t,478,677
			\624342		r,692,973
Curentass€ts
Cashatbankand inhand		24,569		L7,242
creditoG:amountsfallingduewlthinoneyear15		{2,030)		(1,9ss)
,{etcurentassets			22,539		$,247
Total asse8lesscurtentliablllties			1,650,921		\704,260
Thefunds ofthetrun
Endowment funds	16		r,427,657		1,/l80,491
Restrictedincome funds	tl		200,731		798,672
Unrestricted funds	18		22,s39		29,O97
			r,650,921		1Joa,260

	Restricted	Endowment	Total	Restricted	Endowment	Total
	funds	funds		funds	firnds
	2025	2025	2025	2024	2024	2024
	t	E	E	t	E	f
Dividendsand intereston listed investments	6,433	37,553	43,986	il1	36,777	41,o47

	Restrlcted	Endourment	Total	Re6tdcted	Endowmerlt	Toral
	funds	funds		funds	funds
	2025	2025	zo2s	2024	2024	2024
	€	e	E	C	e	E
lnvestment management costs	1,115	8,774	j,'*	1,088	7,945	9,O73

	TrustacttultlesTrun	activitiB
	2025	2024
	e0.
Direct cosB
KeswickAcademy	87,839	11,4O8
Prizegiving Fund	3,500	3,000
	91,339	14,408
ShareofsupportandgoremancecosG(seenote 7)
Support	t,437	4,522
Governance	1,320	1,200
	94,096	20,130
Analysisbytund
Unrestricted funds	90,596	17,130
Restrictedfunds	3,s00	3,000
	94,096	20,130

7	Supportcostsallocatedto activhies
		2025	2024
		f	E
	lnsurance	1,165	1,103
	Staffretirements	L25	7,728
	Bank charges	60	62
	Legalfees		7,507
	Prizegiving expenses	66	66
	Watercharges	2t	56
	Governance costs	7,320	1,200
		2,757	5,722
	Analysed b€txreen:
	Trustactivities	2,757	5,722
8	Netmorremerinfunds	zo2s	2024
		E	€
	Thenet movementinfundsisstated after charging/(crediting):
	Feespayablefortheindependent examinationofthe charity'sfinancial statements	ry	1,200

The averagemonthlynumber of employees during	theyear was
	2025	2024
	Number	l{umber
Total

	Restricted	Endowment	Total	Restricd	Endowmert	Total
	frrnds	firnds		funds	funds
	2025	2025	2025	2024	2U24	2024
Gains/(losses) arising on	€	e.	C	€	f	E
Revaluationof investments	241	7,769	2,O70	11,684	85,683	97,367

Firedassetinvestments
		tisd
		investments
		f
Costorveluation
AtlApril2024		7,478,677
Additions		206,952
Valuationchanges		(26e)
Cashheld inportfoliomovement		11,709
Disposals		(282,983)
At31March2025		7,4L4,O20
Carryingamourt
At31March2025		7,474,O20
At31March2024		7,474,677
Cr€ditoB:amouds lallingduewithinoneYear
	2025	2021
	E	e
Tradecreditors	770	755
Accruals anddeferred income	7,260	1,200
	2,030	1,955

specificconditionsbydonorsas	tohow theymay be used	.
	AtlApril2024	lncomlng resources	ResourE6calnsandlosses exPended		At31March 2025
	EEEEE
Prizeand scholarship funds	r94,672	6,433	(4,61s)	247	200,731
Pr€riousyeal:	At1April2023	lncoming resources	R6ourcesGainsandlosses expended		At31March 2021
	e.	t	€€		C
Prizeand Schola6hip funds	185,146	4,930	(4,088)	11,584	79a,672

been set asideoutofunr	estricted funds	b	ythetrustees	for specific purpose	s'
	At	1	April2024	lncoming resources	R6ources expended	Transfets	At31March 2025
			e	ff		E	L
Generalfunds			29,O97	50	(90,595)	83,988	22,539