2024-06-30-accounts

Rem0ft￿ Tnjstths and Un8￿11t¢0 FinarKaal Stal&mants Fcth yeweThJed 30 June 2024

Contenis Page FOrthe￿rended3fj June2024 RepDrtoftheTru5tee5 Independent EXaMTh￿ ReporttotheTYustees Statement of F6Mn¢l•lA¢iNibes Statementof Ptisilion Notestt+theFinènciolStatements DetailedStstementofFin•ncialklMtie5

Fawfield Endrmed SthoolTrust Rew)rt of the Tru51ees Fortheyearended 30 thjne 2024 TheTrustees havep1&35ureinwÈsÈntiMgthrrep￿ta￿d thÈfinxntialsratemtntsforthe(harityfortheyearended 30 June 2024. TheTru5teeshave adoptedthe KXOVi510n5 ofA(countifigand Re￿rtInG byChbritie5.' Statemeniof Recomrnended Practice applicabletocharittes prepariThgtheiraccounts inaccordancewth the Financial RepDrting Standard applicable in theUKand the Ryblicof Ifdand IFRS 1021 leffectwe l January20191. OUJECTNESAND Ac[i￿nE5 Objectfvesand alms Thetwst has continued throu8houttheyÈar. togjpport Fairfiekl Er￿0￿ed ￿nIor Sch￿1.3￿0 to make personal educational grantand disbursemeThtsar¥Jtherehasbeen nosigfiifitantchangetotheseduringtheyear. The tru5tee5, havepaid due regafd io guldanclsgJed byihecharitiescommssithin deddlhgwhat actNltks In which theTrus¢shouid undertake. REFERENCEAND AOIINISTRAn¥E NIFORWIllOII NameofChaYlty Faithdd EThknd s￿￿1T￿St Ch4rityre&itratM number Princlyladdfess I246r￿ Edge Road Buxton De￿$h•re SKL7 7A8 Trustets Thetru$t¢e$ ènd officer$ seNngdurlngtheyearandsincetheJarend w￿4$￿410w Mrmarrin &skn• Mr Chartes Kitchen Ms RachaelQuinn Ms MarionWri8ht- IReslgn¢d I￿jUlY2023I mr￿an PSmblett MsAnn¢Ro8erscm Msknita Hal￿d Ms&'ll ￿tchen Ilr Mark Eyre- (4)p)inted.. 25" Mar£h 20241 MsChristineTunnKlllfe- Appointed..25" Ma¥ch20241 ClerktotheTnistees M¥sCattlln&skhell Ind•ptndèNtexornlntrs ABSAccountancyLtd Certified Publickcountsnts Suite l Har￿d W￿neSSCentre BuxLOn Derbyshire SK17 70W Approved bythe Boa￿ ofTrusteeSar*J￿gned on h5 behavty. Mrs Caitlin &5knell 3rd&lpril 2025 Py11rf10

Fairfield EndowedS£W Tnisi IndeperKJentExaminer5 Reporttothe Trustee5 Rytheytarended 30June2024 I reporttothetru5teeson mytxam1nationofthea￿ntsOfthethantyIOrtheYearend¢d 30June2024. which aresetout on pageswhich compri5ethesiatementof Fin3ncialAclMtie5.theStaternentof Financial Positionanl the telated note5. Responsilmlitiesand baskof Asthecharitytrustets oFFairfield EndowedSch(dTwsL￿artrÈSpO￿￿b1e fortho prtyaratitrm ofthe attounts in ccordancewith the rquirÈMentsolt￿chè￿tie$￿t2ol1l.theAcv).T￿chari￿5trU5teÉs(orb5lderth4¢ an audit15 not required forthisyearundersettion 144 of theCh8ritie5Ad2011 lthe2011Adl and that an IndepeThdentExamination is needed. Itis my resFO)nsibility toexaminethea(counts underSeCt￿ 145ofthe2011 AttaThJ toh)IlowthÈpToeduies laid down in the General Dire(tionsgNen byt￿ Chaiitycommbwon urthsethon 14515llblofthtA¢' to rtatewhetherparticular mètters havecometo my attention. Ir￿ePer￿ltTht examtyrs statemort Myexamlnation wascarrled out I)￿e0r￿￿e1lhtheGerffil DIre£l￿nS gwen bythe ChatyC¢)mmisslon.Anex•mlnatlon includes a review ofthe accountingrecordskept bythecharityand a comparisonoftheaccounts presented withthose records. Italso Includescorsideration of 3fby itemsordix105ure5 intheaccounts,andthe5eekingof explanations from you as trustee5concerninganysuch The pr£Éedures uhdert3ken+Jo not provide all the evidence that would be required in an aUditar￿. conxquentty, Doopinion isgi¥nastOW4hedrtheaccountspre5enta'tnJe and falrv4ew' andthe eport 15 limited tothosematters setoutiThthestatewnt teirv. I have completed my exwnlnatkn. I confim) that no materiol matter5hMcomeio my attthiion ui¢onrrtionwth the exarninètloTrg￿ln￿ me causeto belièvè that in any material respe(t.' ¥¢wnting records re not kept Fawnebj £nd¢>wed schr￿ Tn￿t as tequired by section 130 of the h•rlties Act 2011., or 1011 kt have not been met: or the xcounisdo Trjt complywth ￿￿¢￿￿1￿￿￿1￿QMe￿5c￿￿thef0Ima￿￿Iconte￿tof￿CWnts sttyJt ￿ the Ch￿tIeS Rep￿￿ RegulatIc￿ X(eotherthan reVen￿tha1tht a¢¢wrrt5 and fairm￿, I hive fio¢oncemsandha¥ec(ffte•tross nootherm4tter5 inconnecuonvlth theex*nifftatlon iov4hlrh ottention 5hwlé be drawn In thisreport in ordeltoeMb￿a properunderstsndirb8ofthe￿cdu￿tsIobeththQd. MrT Lowe Certified PublitAtcountant ABSAccountaThcyLtd Suite l Harewood ￿sInesS(￿n1re 2 Fairfield Road Buxton Oerbyshire SK17 7DW 3rd Aprfl 2025 P•J• 21rf 10

Faitheld Endowed Trust Statementof FinarKial ktivities 2024 2023 Funds Funds Income and endo¥m)ents lyonL" Donation$ond lewies Investments L801 34236 36M36 35.174 Otherlncome 240 240 Total Y336 36276 35.174 Expenditure Charitable P8Jg11 128.9911 13&3881 Total 4.9911 1219911 13S.3881 NetgainslllDsse51 on investment5 (28,3051 119.0241 45,740 Tr4n$fer5 between funds 230 oth*rrrfo¥nised gainsllosses Netmovemenl infw 121.7391 45,526 Re(onclllatlonoflthrts Tot&fundslxwghtkThard 134375 79JS1 1,412.526 l.J67m T0ts1fvndsurrledlon¥wd 250.847 IJ90,787 IN12,$26 Page3of io

Fairfiekl E￿Wed SthoolTwst Statemenl of Financial Positson s at 30 June2024 Fixed assets Intsngible assets 1,293,710 lJ22,734 Tangible 055ets 60,000 1.353.710 lJ82,734 Cuttefftt JS5•ts Debtor5 io Cash atbankand in h•d 38223 30.726 38233 30,716 Crethr*" •mpynts faWlngduewltNn•M li 11,1461 Netcuffentassets 29,792 Totsliss•ts iesscuThent iiabliti•s IJ90.787 IN12.526 N•t￿sets lJ90,7fj7 IA12,526 The ful￿Softhtthlr1ty Endowment fvr 1.250,787 1279,151 Vnrestricted ificome fI￿d$ 139,940 133,375 Totsl fvnds 1.3%.787 1,412,S26 Theflnancial statementswereapprov¢d a￿j authorised for1$5ue bYthÈOOa￿ signed on its behallty. Mrmartin BlskThell 3rd￿1110 Chèirof boardoftrust¢es Page4of 10

Note5totheF4naKial StstemeTrts Farthe￿a[e￿1ed3ojUne10l4 coynting Pol￿5 1.1. Basi50faccounti The lnantial statements hwebeeThweparÈd tsndwthehlstowi(al costconvention.exceptfoTinvestmentswhich are Included at rnarketvalLte andtherevaluation ofcertain fixed assetsar￿ in accordancewith ihe Charities SORP IFRS 1021 'AccountinE and Reporting bycharity￿ StatemeThtolRe(ommended Practiceappiitabletoiharitie5 preparingtheir accountsin accordancewiththe Finantial Reporting5tandard applKablein the UKand RÈpublK of Ireland IFRS 1021 leNective l January 20191,, Financial ReportiThgStand3rd 102the Financial Rep)rting Stsndatd applicable inthe UK and Republic ol Ireland IF115 1021. and theChaiitiesP<t 201L Fairfield Endowed SchoolTrust meetsthedefinilitin of apublir benefftentityun(leTFRS 101 AssetsaThJ liabilitiesarè Initially re¢ogni5ed at historical costoriransattionvalueuThlessotheThvisesiaied in the relevant3ccthJnting ptsli 1.5. T￿lti0T The charity isconsidered to passthetestssetixrtin Paragraph ISthedule6olihe Fin•n¢ek12010•nd therefore it meets the defir5ition ola charitablecomwyloruxcorporation tax pUrp￿e$. Accordingly.thechèrity 15 Potentièltyexempt Iromtaxation in respectof income orcapitalgaiThs r¢¢¢ivedwithiTr<ategories covefed by Chapter3 Part 11 ofthe CorporalionTaxAct2010orSection 256of iheTaxationolChargeablpG•insAct 1992, to the exieni that such incomeorgains a￿apPlIedexc1￿5WetyI0ChaIitab1e wrpose Inbstm¢rtlnr4)me Endowffnt nds 2024 2023 funds Incomèfrom listed in¥estmthts U630 34561 nk interest receiv8Ne 1001 34236 34￿61 Page50110

Note5tothe Financial StstementsCoTrrinued Fotts*yeaterhW 30 June 2ry24 otherincome Z024 2023 Other income 240 Costs of chaiitableacd¥lties by lur¥l tTre Unrestritted Grants to institutions PersoTral educality￿ 8Mts 340 20,630 &Jpport costs 3.651 20.911 35,38B 5. Costs of<h•rtts￿¢ by a¢tfvityty 2024 2023 Grant fundlnt ola¢tivltb•s Grants to Insiftutions Personal ed￿atIonal grants 1&340 20,630 27h30 6. An•ty5i5 of 5UPPOrtcosts 2024 2023 GovernarKecosts 3.651 3,651 Page6of 10

Farf￿d End(￿￿ Tn Notestothe Fin3n(ialStatements Continued the>arebwJed 30 June 2024 Comp3rati¥efortheStateftrtlof Fin4n¢iolktvii furn15 Income and Èmdowft￿ts IronL' Donations leytiÈs Inve5trnents 1107 35.173 Otherincome 70ts1 34766 35.173 Exp¢ndrt¥re on.. haritable %ti¥ities 127.4301 27.430 Goverr*ancewsrs (7.9581 17,9581 Totsl 5J881 10204 135W81 45,740 Net &alnslllossesl tyi inby5trn￿ts 35536 Transfers between fvrK15 766 3.766 Olher recognised gainslloss Net movement In lu￿￿ R•¢oD¢114Jtion ol lund5 Total lunds brou¢hi 1243.615 l.J67,C Total lund5 ￿rrIed fowward a￿75 79,￿1 13665 Int•nlble FSMdAssets A￿umulated Fth Totsl Fund C05t or valuatlon At 01 July 2023 1279.151 13,583 IA22,734 Revaluatths I28￿5) (7201 129.0251 At 30Junt 2024 1250047 1293.70 Net book values At 30 June2024 IJ150A47 1293.709 At 30 June 2023 79. 1?22.734 dge7ofio

Notestothe Finanual Statementscontithued Fwtheyearended 30jU￿ 2￿24 Tangible FixedAssets Landand ulld￿5 Cost orvaluati At 01 July 2023 60,0 At30June2024 00 Netbookvlue5 At30 June2024 At 30 June 2023 10. Debtors Arrwrbts due wlthift one y•r Tiade debtor5 11. Credlt•rt.' amountstsillniduelthlnoMy•r 2023 Trade creditors A¢uy•ls and delerred income 1.1 iJ46 934 Page8of Lo

Frfld End¢vAyd Trw# Notesto the FinarKialStathments Continued For the)arerwJed 30Jur 2024 12. Plial￿$01nèt45SetsbeI￿￿Tr￿ftds Intnybk fixed TanBk fixed NetCUFrent NetAssets Unr¢strl¢ted General Foundatson 42￿63 3Y 9.940 Endowment Perm•nent Endowment 1250,847 1.250,847 I￿5.710 37,OTT iJyo.n7 irtyl¥ie fixed Tanlo fthed N¢i¢unwrt N*A55ets Pr•vlou5 yNr Unre5trided lund5 General Foundation 43￿83 29.792 133.375 Endowment fvmds Permanent Endowment 1279.151 1,279.151 29.792 1rt12 Page90110

Fairfidd Endowed 5cW Twst DEtsiled Staternentof Financial k11￿￿e% FL*the￿￿rthdxtJ￿￿e 1024 Inttsme Al￿ Endowmert 2024 2023 Donailons and leeades t)onations Investments Intorne trom listed investments 34.782 34,561 8ank intefÈst ieceivablt 613 35,174 Otherlncome other Incom¢ 240 240 Total r•59WC 76 35.174 EXPENDITURE Charitable artNities Cost of grant furthd chaiitsNe acti￿ty (Personal edwatiorAgfartsl 17.C•JOI 16,th)1 Costolgrantfvnded thaitth aawityltr4r4sty 118.4301 120,6301 125J4)1 127.4301 SUPPORT cosrs Gtsvemancetosts Govemance costs IPerson•l edu¢ai￿nal gwarrtsl I3￿51> 13.6511 17,9581 Totsl rel0￿eSeXpQndQd 1249911 135J881 NET INCOME BEFORE GAIIIS AND LOSSÉS Other recogTh￿￿ Kains and IDSX5 fjalts)s}Ilossl on revaluatitybof iTrvesth) 129.0241 45,740 129.0241 45,740 Net incOff￿ before ylns arnl lo55es ￿9￿14) 4S.740 Net SrKome 45,526 Page Ioof 10 Thi5 ￿gedoeSn0tfOTMp￿tQfthe51aIUWrlnar￿•al$t?ter￿Thts