REGISTERED CHARtrY NUMBER: 526881 RepNt of the Trnstees and Unaudlted Fananclal Staternents for the Year Ended 31 Decemkr 2023 The rv15 Edu tional Fou ati Thorre Widgery Acc(MJntancy Ltd Chartered Acc(Jntants 2 Vtyevale PJslness Parf Kfng5 Acre Hereford Herefordshire HR4 7BS
The JaT¥iS Educational Foundation ontents of the Financial SLatements forlhp.year EnOlDceMber 2Q13 P4e Report of the Trustees 1 to 3 In(*erKlent Examinerfs Re[rt Statement of FInCIal ActIvit$ BaiarKe Sheet Note5 trj the FiDawal Statements 7 to 13 Detalled Statement of Financial Activities 14
The Jar¥is Educatk•Thal F¢xmdation Re[rt of the Trustees for the Year Ended 31 Deternr 2023 The trustees present thelr rew)rt wlth the flnandal statements of the eharity for the year ended 31 Decernber 2023. ThÈ trustees have adopted the prowslons of kcountlng and Reportinf by Charitie5: State[rt of Recornrnended Practice applicatrAe to charities preparing their accounts in accordaKe with the FlnarKial Reprtlng Sta applicable In the UK and RepublK of Ireland IFRS 1021 (effective 1 January 20191. The Educational Foundat)Th Charlty has evolved from a charity flrst set up uslng the morw left by George JaTh(s 11704-17931 to help the poor of Bredwardtne, Staunlon-on-vfye and LettoTh. The chamty was started In 1803 provfjdlng help durin4 IllS, and food. heating, clothes and edLKation for the poor of the parfshes. In 1852 the Jatvfs Charity Aci allowed the Governors to purchase land for the building of elementary schools in tl three wllage5 and also a iK)ardir¢ schwl in Staunton-on-wye. As well as the 5chy)Is, blocks of almshtyjses were buflt In 185819 on land acquired when planning the tmjlldlng of the boardlng schxl. In 1904 the charfty was ¥)Ifl into the Jams Edatioftal Fwndatb)n Charlty and the Jarvis EleeMO5ary Charlty. The JaNs EdatIonal Foundatlon Charity coverel running all the schoo15 owned by the charity and prowding for the educatlon need5 of ihe chlldren On the lIageS Includlng apprenticeshi and help th further education. The Ial authortty took over the day-to-day runnlng of the SCI15 fTh 1920. In 194(Ys the schools changed frorn elernentary schools to primary xhools in accordance to the general change of school 5lrurture in the cwntry. The Staunton primary sch( was relocated to a new site In the lIage and the old school was sold in 2015. When the schcols In Breoknrthne and In Lettr were deemed by thè [al auththty as beiTh8 no longer needed these were sold by the ChatY and the neY Invested for the e)yt of the charity. O&JECTIVES AND ACTivmES ObJectl¥e5 and alms The objective of the chamty ts to promote the educatlon of persons under the age of 25 yeaT5 who are resldents In the County of Herefordshire and are in need of finarKial assistance Ipreference beln8 85ven to pers(¥is who are resident in the area of the parishes of Staunton-on-wye, Bredwardine and Lettonl. The cuireni acLMty is to support the prirnary School in the village of Staunton-on-wye and to provlde grants io young people iTh Herefordshire with preference 7n9 givln8 to th¢)se In Staunion-on-wye, Bredwardine and Letton to further thelr education. Fundlng on new sch1 The Chlty has contributed the sum of £731,¢XIO towards the cost of the new schx•l. The cosl of the new xhool can be seen in the tangible fixed asset note. A further t60,(#XI was donated to the 5chcd in 2020 towards the trwilding of the annex. Public bonefit In drnfting ihi5 report, the Governors have corrfjlied with the (krty fn Sectlon 4 of the Charitie5 Act 2(, to have due TeEard to publtt benefit guidaKe published by the Charity Commlssknn. ACHIEVEAIENT AND PERFORIAANCE The governors are committed to malntalnlrtrd and suppNUng the School at staunton1-wYe. LhJrfTrg the year educatfon 5uprxJrt grants have been pald to 5 s(eSsfuL appltCants12022: 8 grants). FINANCIAL REVIP Financlal poslti¢)n The results for the year Show net expenditure, before gafjnsllosses on Investments, of £29,169 12022.. £16,563). Net ats amounied to £1,817.619 12022= £1,829,180). Dividend income Increased and the market Val of investrrents increased by 1.09%12(Y22.' detrea5ed 11.78%), after adjustin8 for addltlons and dlsposais. Prfndpal fundlnR 51)urces FUlIng is sourced Ir( one rental rxoperty owned ty the Charlly, and dfjdend incorre re7Ve on investments. Investment pollcy and objethvès In the long temi the aim is to hold the permanent en$trent entirely in a broad rangÈ of inve51merts in order to pursue the Foundatlon'5 orlglnal aim of dispensing educatlonal and tyalnlng grants and 5UPFtyJrt?ng Staunt(-0Th-wye Primary School. Page 1
The Jarvi5 Educational Foundatic Rep)rt of the Trustees for the Year Ended 31 December 2023 FINANCIAL REVEW Re5erve5 poIIcy At the balance sheet date "free reserve5- were £96,195 12022.. £11X),0021. The chartty geherally alm5 to hold suffldert "free rr¥e5- to enable it to meet expected expenditure and grant commitmeTrts over the foreseeable futurc. Ilaterlal Investment Iring the year share dlspjsals resulted in txoceed5 of £160.536 12022: £130,845) and new Investment purchases arrrfjunted to £150,03212022'. £1LK).2481. Investment p•rformanc• The rnarket value of investments Increased 1.09%12022: decreased 11.78%) durfng the year. FUTURE PLANS The charfty 11 continuè to supm Staunton rnary school and Indlwduals in need of finanal sutwt by way of educational grants. STRiURE. GOVERNANCE AND ht4NAGEAIENT Gtsveming docurnent eguLatlon schèrne djted 21 September 1976, as amended by Scheme dated 27 Septernber 2002. Recruitment and •ppolntment of new truste•s The board consists of up to 10 Trustees: 3 Norninative Trustees . 1 appolnted by the Wye51de Parish Coundl, 1 app)inted by Stauntu)-on-V4t Parlsh Counthl. 1 appointed by Kinnersley and Distmct Parfsh Council 6 Co-opted Trustees, each appointed for a terrn of 5 year5. 1 local Cler as ex-officlo Thember- the Rector of the Parishes of Staunt(#)-on-Wye and Let¢(. 14otes'. Copted Trustees are people w) thrwgh residence, occupation or employThent, have spedal knth¥led8e of the area In vlhlch the pailshes lie. At the end of the year there were 7 trustee5. Trustees are pded a copy of the SchewE 1constllutlIG0Vernlng ¢Sxumeni: dated 21 September 1976, as arnended by scheme dated 27 September 2}11, together with a map of the properties held. aFfJroprfate, t are taken to Visit the woperty housing ihe 5ch¢yJl. Trtee5 are encwraged to attend approprlate ctyjrses. Orqanlsatlonal structure Four quarterly meetlngs are held each year. At the first ordinary meetlTh8 In each year the Trusm elett a Chalrn)an for the year. The Chalrman Is always eligible for re.eLeclion. If at ary rneeting the Chairman is not present vrtthln 10 minutes of the apwjinted tit the Tru5tee5 present ch005e one of their number to Chairn)an for the meeting. special meetlng can be summoned at any tlrne by the Chaiman or any Trustee5 With not less than 4 days. notlce beln8 given to the other Trustees of the rnatters teing discussed. The special meetin8 rnay take place ImmedIalY after an ordinary meetir¥J. Four Trustees Constitu a qwrvm. Every matter Is deternne by the majority of the votes of the Trustees present and votlng on the qtIOn. Each Tnkn has one vote, and the Chaiman ha5 a casting vote. Related partle$ The Jarwts EleermtyNry Chartty is a related charity. tletalls of transactlons can be fwnd in the note to the aCCTrts. The Jams Educational Charfty can appoint up to 7 govemors of Staunton.on.Wye prirnary schwt and considers the school to be a related party. REFERENCE AND ADhlJNISTPAThIE DAlL5 Reglstered Charfty number 526881 Pase 2
The Jarvls Educational Fwndation Re rt of the Trustees for the Year Ended 31 December 2023 Principal address Fiint5ham Court Tftley Kington Herefordshlre HR5 3RG Trustees R J Skynne D Klng Ire5igned 16.1.231 M Powell N SÈliar A John50n S Williams Rev P Harvey Mrs A Andrvths Independent Examlner Thorre Widgery Accountancy Ltd Chartered Accountants 2 Wyevale Business Park Kings Acre Hereford Herefordshire HR4 78S Approved by order of the board of trustees on ............................................. and sId on Its behalf by.. J skrne . Tntstee Page 3
Inde_dellt Examinerf5 Report to the Trtee5 of The Jarvis Educational Foundati¢)n Independont •xamlyrfs r•port to th trustees of The Jams Educatlonal Foundatlon I rewrt to the charity tatee5 on my exam5nalfon of the xcounts of The Jaryis Edwtifmal Foundation Ithe TrtI for the year ended 31 December 2023. ResporbI1ft1es and basls of report the charity trustees of the Trv5t you are re5pon5ible for the pKeparation of the accouThts in accordance with t reqLrirerrtht5 of the Charities Act 2011 Ilhe Ac¥1. I report In respect of my examiThation of the Tt'S a(cnts carried out under Sertion 145 of the Art and In carrying ¢t my examlnaiion I have followed all appllcable rectIonS glven by the Charfty Commlssf(#) under Sectfjon 14515llbl of the Act. Independent exarnlnerfs statement I have completed my examina0. I conflmi ihat no materSal matters have c(¥ne my attentfjon In C(neCtICffj wlth the examlnatlon SIn8 me cawe to belleve that In any rnatertal respect: att¢yJntlng recor<ts were noi kept In Yespect of the TrLLtt as rewred by Sectlon 130 of the Act. or the accounts do not accord ¥th th)5e records. or the accounts ¢Yo not c(Anply 1th the applicable requirements corKerning the fom and content of accounts set out in the Charities {AccntS aThJ Rwrtsl Regulations 2(K8 other than any rewirement that the accounts ve a true and falr eW Nyhlch Is Th)t a matter consldered as part of an Indynder¢t examinatlon. I have no concerns aThJ have come across no other matters In conneciksn th the examinatl(ffi to whlch attentl() 5fvxJld be dravm in thi5 rew)rt in order to enable a proper under5tsnding of the a¢(ounts tts be reached. Mrs Lisa Weaver FCCA Thome Wldgery Accojntancy Ltd Chartered AccountaThts 2 Wyevale Bltsiness Park Kings Acre Hereford Herefordshire HR4 7BS Date: .. Page 4
The Jarvis EdUCatiaL Foundatlon St4trmonJ of Fin r th¢ Year En¢e¢ 31 DKernber 2023 31.12.23 Total funds 31.12.22 Total funds Unrestricted fuThJ Restricted fund EndowTrtht fund Pkntes INCOME AND ENDOWMEi¥rs FROAI Other trad?n8 actfvltles Investment income 86 27,1kn1 27.034 27 25.603 Total 27,120 27 27,147 25,689 EXPENDuRE ON Ralsing fufid5 4,426 1,922 4,286 Charitable •rtlvltles Education 26,502 23.466 37,966 Total 30,928 25,388 56,316 42,252 Net gain5 on investments 1,C82 16,516 17,608 170,080 INCOMEIIEXPENDITURE) 13,808 18,8451 153,517 RECONCILIATION OF FUNDS Total fund5 brwhl forward 135,OOZ 8,826 1,685,352 1,829,180 1,675,663 TOTAL FUNDS IJRRIED FORWARD 131,194 9,918 1,676,507 1,817,619 1,829.180 The Ih)tes fomi part of these flnandal statements Page 5
The Jaf¥iS Ethjcatlonal Foundatlon Balance Sheet 31 December 2023 31.12.23 31.12.22 Notes FIXED ASSErs Tanwble assets Inve5trnents Investments Investwtht pr(perty 62Z,261 638,383 790,511 350.oc 770,098 350,ttQ 10 1,762,7r2 1,758,481 CURRENT ASSEfs Debtors Inve5trnents Cath at bank 5,306 32.356 21.129 5,156 37,038 32,3 12 58,791 74,494 CREDn)RS Amounts fallfng due thin one year 13 13,9441 13,7951 NET CURRENT ASSETS 54,847 70,699 TOTAL ASSETS LESS CURRENT LIABILMES 1,817,619 1.829,180 ASSErs 1.617.619 1,829,180 FUNDS Unre51ricled fund5 Restricted funds Endowment funds 15 131.194 9,918 1,676,507 135,CQ2 8,826 1.685,352 TOTAL FUNDS 1,817,619 1,8Z9,180 The fl i.fl.71.x o¥Lfr........... nclal statements were wroved by the Board of Trurtee5 afKI auth0ri5ed fly i55ue on and were signed on Its behalf by.. R J Skym)e- Trustee The notes frrfm part of these financial ststements Pa8e 6
The Jarvis Educational FndatI Note5 Finanaal Statements for the Year Ended 31 December 2Q3 ACCOUNTING POLICIES Bas15 of preparln8 the fln4n¢lal Kat•m•nts The financial statements of the charity, vthlch f5 a pubilc be[fit entity under FRS 102, have teen prepared ITh accordance with the Chartties SOKD IFRS 1021 .COUntIng and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparin8 their accowts in accordance vth the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffectfve 1 hnuary 20191., Financial Rewrting Standard 102 The Flnandal Rep)rtlng Standard appllcable In the UK and Republic of Iretand. and the Charities Art 2011. The financlal staiements have been prepared under historical cost convent¥on. the exception of investments ¥¥hlth are Ir( at market va, a5 >jIf7eé by the revaluatlon of certaiTh assets. Golng Concern The trustees assess whether the use of going concern is appropriate i.e. whether there are any matetlal uicèrtaintles related to events or conditlons that may cast slgnlficènt doubt on the ability of the cCpanY to Cort1Th as a golng COnM. The tru5tee5 rnake thls as5e55rnent in respect of a period of at least one year fri)m the date of authorfsatlon lor Issue ol the financial staterrents and have cluded that the company has adequate resour to ccfitinue in operational existence for the foreseeatrAe fulure arKI there are rK) material uncertalntles ab(yJt the charitys ability to continue as a going concem. thu5 they contiThue to adopt the going concern basls of accountlng Tn preparing the financial statements. In¢ome Ail income is recogn?5ed in the State[rt of Firwcial Artlvlties once the charfty ha5 eTltitlement to the funds, it is probable that the Income 11 LE received and the amount can be meastjred lably. Expendlture Liabilities are recognlsed as expEnthiure as soon as there is a legal or constrwtfve obllgation tommilting the tharity to that expenditure. It 15 probable that a transfer of economK benefits will be reqred in settlement and amount of the ¢)bligation can t measured reliably. Expenditure is accounted for on an accruals basis and has been cla55ified under headings that aggregate all cosi relaied to the category. Where costs cannot be ¢threctly attributed to partitylar headings have been allated to actItieS on a basls conslstent the LTr5e of re50urce5. The cost of repair5 rnalntenance Is charges agaSnsi the Income and expen(liture acwJTht as incurred. Giants offered subject to conditlons ¥vhich have not been met at Ihe year end date are noted as a commttment Mt as expenditure. Flxed ats Depreciation is smlded at thè folLrpMn8 annual rates In order to wfite off each assèt over its estlrnated useful life. StOnTr-e Pmmary Sch)I Straifht li over 50 years In accordance Mth relevant accounting legislatlon, the investment propertie5 which comwse laThJ aThJ t7[ding5 ovmed by the tharity are not wbject to any depreclation charge and are shown at the govemors rnarket valuation In the accounts. Investment property Investment pr¢¥trttes are valued every 5 year5 based C their fair value. Taxatlon The charity 15 exempt from tsx on Its charitable aclivitie5. Fund accountlng The unrestrtted fund Is malntalned for the day-to-day rw7nfjng of the charfty. The restricted fund is held for the PWFrf)5È of funding major repair The eThJowment fd ¢ty)slsts of Staurton<n.N¥k 5th$1 tO8ether with other land. lIding% and Inve5lrrent5. Page 7 contlnued...
The Jarvi5 Educational Foundation trlotes to the Flnanclal Statetnents. contfnued for the Year Ended 31 December 2023 ACCOUNnNG POUCIES- Contlnued Flxed asset Inv•$tm•nts Investments are stated at market value as tt the balance sheet date. The Stateryt of financial actmties IludeS the net gain5 and 1055e5 arin8 revaluatiM and di5posa15 throughout the year. Galn$ and ios Ail gains and losses are thken to the Statement of Financial Actiwties as arise. Realised galns and losses on Investments are calculated as the difference ween sales proceed5 and opening rnarket value (purchase date If laterl. Unreallsed galns and losses are calculated a5 the dlfference tetween the market value at the year end and openlng market value lor purchase dale if iaterl. Realised and unrealised gal are separated in the Statement of FlnarKlal ActItIeS. Trade and other debtors are recogni5ed al the settlement anwwt due after any trade thscount offered. prepayTrnts are valued at the amount prepald net of any trade dIScntS due. Cash at bank and in hand Cash at bank and cash In hand includes cash and short term highly tiquid investments a short maturity of three mmths or less from the date of acqu151tion or Open1r of the der#isit or slrniiar account. Credltors and prOvIOn$ Creditors and provi5iorfj are recognlsed vthere the chadty has a present obligation rVlting from a pa5l event that WILL probably result in the transfer of funds to a thlrd party and the amount due to settle the obtigatioTr can be measured or eStIma rellably. Creditors and provi5ion5 are rK)rmally recolnised at thelr settlement amount after allowng for any trade discoLmts due. MER TRADING AcfpimES 31.12.23 Total funds 31.12.22 Total fund5 Unre5tricied fund5 Reslrfcted funds Endowment fund5 Wayieave 86 INVESTMElf INCOME 31.12.23 Total 31.12.22 Total funds Unresiritted fund5 Restricted Endowrnent fu[5 funds Renrs recelved DIdend incorne Derx)sit account Interest 8,630 18,404 8,630 18,404 27 8,045 17,552 27 27,034 27 27,061 25,603 Pagè 8 contlmjed...
The Jarvi5 EdUCatiaL Fcwdati Note5 to the Financial Statements - cwtlnued for the Year Ended 31 Decernber 2023 GRAp¥fs PAYABLE 31.12.23 31.12.22 Educatlon 23.750 12,650 The total grants paid to Institutlons durfng the year was as follows: 31.12.23 31.12.22 Staunton•n.Wye 5cIKx)I ssy Church 18,8CIJ 250 18,8CiI 5,250 INDEPENDENT EWAINERS. FEES Fees payable for independent examInatl fees am<wt to £2,752 for 2023 and £2.620 for 2022. TRUSTEES. REMUNERArnN AND BENEFITS re were Th) trustees. remuneratlw or other benefits for the year ended 31 December 23 for the year ended 31 De£ernr 2022. There were no trus ex$& pafd for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPAPATIYE5 FOR THE STATEMENT OF FINANCi4L ACTlVtnES Unrestricted fund Restricted Endowmert fund Total funds INCOME ENDOWMEPITS FROM Other tradlw aCtItIeS Investrnent incorne 86 25.603 25,597 Total 25,683 25,689 EXPENDrruRE ON Ralsing funds 2,352 1,934 4,286 Charftable artlvltles Educatic•) 15.291 22,675 37,966 17,643 24,609 42,252 Nel gainslllossesl investments 18731 170,953 170,080 INCOMEIIEXPENDtniREI 18731 146.350 153,517 RECONCILIATION OF FUNDS Total fund5 brought forward 126,962 9.699 1,539.CQ2 1,675,663 continued...
The Jarvi5 Educational Foundaticm Notes to the FInala1 Statements- conttnued for the Year Ended 31 Decembér 2023 COMPARATIVES FOR ThE STATEhlENT OF FINANCIAL AcfNtriES- contlnued Unre$trfCd Restrtcwl fund Endowrnent fund Total funds TOTAL FUNDS CARRIED FORWARD 135,C¥)2 8.826 1,685,352 1,829,180 TANG18LE FIXED ASSErs Staunt0nn. Prfmary COST At 1 January 2023 and 31 December Z023 806.125 DEPRECIATION At 1 January 2023 Charse for year 167,742 16.122 At 31 Decemter 2023 183,864 Nrr BOOK VALUE At 31 Decernr 2023 622.261 At 31 Decemter 2022 638,383 FIXED As INVESThlENTS L15ted inve5trnents j411R VAWE At 1 January 2023 Additions Disposa RevaluatiL 770,CB8 150,011 1160,5361 30,918 At 31 December 2Q3 790,511 BOOK VALUE At 31 December 2023 75YI,511 At 31 December 222 770,IY)8 The market value of investments can be analysed as: Heid in UK £212,32812022= £266,583) Held i)utside UK £578,18312022: £503.5151 Cost or valuation at 31 December 2023 15 represented by.. Listed investments Valuatf¢)n In 21n3 790,511 Page 10 contlnued...
The JaTris Edutational Foundation Notes to the FlnarKlal Statements - contlnued for the Year Ended 31 Décember 2023 10. INVESTMENT PROPERTY FAIR VALUE At 1 January 2023 and 31 December 2023 350,CIXI NET BOOK VALUE At 31 December 2023 350,OC#) At 31 Decernter 2022 350,OCiI Falr value at 31 December 2023 Is rewesented by: Valuation In 2023 350,0 DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.12.23 31.12.22 Prepayments 5,306 5,156 12. cURREp Ass INVESTMElIt5 31.12.23 31.12.22 Brwn Dolphin capital account COIF Charities deposit fund Listed investments Net unrealised gainlliossl 21,789 649 8,826 1,2 Z7,590 9,699 18731 32,356 37,03B 13. cREDORS. iJioui¥rs FALLING DUE WIThIN ONE YLIR 31.12.23 31.12.22 Other creditofs Lcruais deferred income no 3,224 720 3,075 3,795 14. ANALYS15 OF ASSEfs BEPIIEEN FUNDS 31.12.23 Total funds 31.12.22 rotal funds Unre$irfcd fund Restrfc fund Endowment fuThJ Fixed a55ets Investments Current assets Cwrert liabilltfjes 622,261 1,105,511 150,793 14ni 62Z.Z61 ,140,511 58,791 13,9441 638.383 1.120,098 74,494 13.7951 35, 9,918 13,4ni 131,194 9,918 1,676,507 1,817,619 1,829,180 Pa8e11 continued...
The Jarvi5 Educational Foundatic Notes to the Flnandal Statements- conunued for the Year Ended 31 tcember 2tri3 15. hlOVEAIENT IN FUNDS At 31.12.23 At1.1.23 in funds Unrestricted fund5 Gthral furtd 135.CHn 13,8081 131,194 Restrkt•d furMI$ Restricted fund 1,CV2 9,918 En<k)wment fund$ EThkn¥ment fund 1.665,352 18,8451 1,676,507 TOTAL FUNDS 1,829,1 111,5611 1.817.619 Net fffftment in funds, included in the above are as follows: Incomlrff4 resources Resources expended Galns and hb)Vernt In fwds Unrestrlcted funds General fund 27,120 130.9281 13,8081 Restricted fund5 Re5lrirted fund 1,09Z Endgwment fund5 Endowment fund 27 125,3881 16,516 18,8451 TOTAL FUNDS 27,147 156,316 17,608 111,5611 Comparative5 for rnovement in fund5 rrwement In fund5 At1.1.22 31.12.22 Unre5trirted fund5 General f 126.962 135,2 Restrlrted funds Restricted fund 9.699 18731 Endowment fd$ Endowrnent fund 1,539,(UZ 146,350 1,685,352 TOTAL FUNDS 1,675,663 153,517 1.829,180 P88e 12 contiTh*d...
The Ja$ EducatK)nal Ftyjndatic Note5 to the FinarKial Statements- continued for the Year Ended 31 Decembér 2023 15. MOVEMENT IN FUN05. continued Comparativè net movernent in furmls, included in the above are as fotlows: Incoming re50urce5 Resource5 exF*nded Gains and losses Ilthement In funds Unrestrlcted funds General fund 25.663 117,6431 Restrkted funds Restricted fund 18731 18731 Endowm¢ fund5 Erbknvment f1 124,t4191 170,953 146,350 TOTAL FUNDS 25,689 142,2521 170,080 153,517 Restrfcted Funds The fund Is heid a5 a ma3QT repair5 reserve for the properties and consisted of the eKcunyJlatkm shares heid In the Charftles Offiaal Investment FurKI. Endowment Fund5 The endowment fund ¢on5i5ts of staunton-on.wye School. other land and bJilding5 and investments. 16. RELATED PARTY DISCLOSURES At the year end The JaTris Educat5onal Foundatlon owed £72012022.. £TlOI to Jams Elwllosynary Charity. The Ja$ Educatlonal Foundatlon and The Jams Eleemosynary Charfty share c0rnmc Trustees. Durfng the yeaf The Jarvls Educatlonal Fwndatfon loaned The Jaryfs Eleerywary Charfty £30,OCQ. tms had L1 fdly repaid by the end year. Trustee, N 5ellar, Is also the chalr of governors of Staunton-on-vfye Prtmary School. the year tj charity made donation5 totslling £I8,3{2D22. £5,Crf)Jl to Staunton-on-wye Primary Schwi. Page 13
The Jarvis EducatioThal F[3 -Detalled_S_taternent of Financial XrtivitiE&. for the Yr E 31.12.23 31.12.22 INCOME AND ENDOWMElnS Other tradln¢ artlvltles Wayieave Investment Sncorne ReThts recelved Dividend IKome Deposit account Interest 8,630 18,404 27 8,045 17,552 27,061 25,603 Total Incomlng rÈsource5 27,147 25,689 EXPENDrruRE Raising donatlons and 14ades Clerk5 salary Travel expenses Office telephone Hire of wllage hall Insurante Property repair5 and mafntenance Portfolio fees 1,050 300 70 364 478 1.934 498 2,482 1,922 4.286 Charltable artlvltles Clerks salary Travel expen5e5 Office telephone School Insurance F¥eehoLd property Grants to institutions Grants to individuals 1,050 3C(I 300 96 5,898 16,122 1B,800 4.950 5.113 16,122 5.250 47,216 35,325 Support <ost5 Governante costs Independent exarnirers. fees 2,752 2,641 Trtal res(wce5 expeNled 56,316 4Z,Z52 Net txpendlture (29,1691 116,5631 This page (ks form part of the statutory flnaKlal statements Page 14