Charity nthtr. 52&J99 Fairfield Endowed School Trust Report of th8 Trustees 8rtd Unaudited FIn8rJaI St8tem8nts For the yearended 30 June 2025
Fairfield Endowed School Trust Contents Page Forthe yeaTended 30June2025 ReportoftheTrustees Independent Examiners Reporttothe Trusiees Staternentof Finan¢ialAttWities Statement of Financial Positiort NotestotheFin3ncialStatements DetailedSt4tÈmentof FinancialActItles io
Fairfièld Endowed School Trust Report ofthe Trustee5 Fortheyearended 30June 2025 Therrustees have pleasure iri presentingtheir reportand thefinancial statements forthecharityfortheyekrended 30 June2025. TheTrusteeshave adopted the prow5ion50fAccountingand Reporting bYChaT1ti Statementof Recommende(I Practice applicableto charities preparingtheiraccounts In accordance with the Financial Reporting Stèndard applicable inthe UK and the RepublTC of Ireland IFRS 1021 (effective l January20191. obJÈcrivEsANDACTiiimES Obiective$and a$ The trusthascontinued throughouttheyear. tosupport Faitheld Endowed Juniorschool. and to mèke personal education31 grant and disbursements andtheTehasbÉèn n05ignificantchangeto theseduringthe year. Thetru5teeshave paid due wardta guidance issued bythe Charitiescemmission in decidingwh activities in which theTrustshouid undertake. REFERENCEAND AOMINISTRATIVE INFORMATION Nameotcharity Charityregistrathln numb¢r pre1P31adress Faithèld Endowed SchoolTrust 526999 1248rown Edge Road Buxton Derbyshire SK177AB Trustee5 ThetTUSteesand officetsservin8duringtheyear3nd sIntheYearend were85follows'. Mr Ilartin Bisknell Mrcharles Kitchen Rev. Howard Robson M5 R3thael Quinn MrA13n Pimblett MsAnne Rogerson MsAnit3 H3rlow- Resigned 2410312025 M5Gill Kitchen Mr MarkEyre- Resigned 2410312025 Ms Christine Tunnicliffe ClertotheTrnstees Mrs Caidin Bisknell Independentexaminer5 A8SAccountanty Ltd Certified Public Attountants Suite l Harwood Bvsinesscentre 8uxton Derbyshire SK177DW Approved bythe Board ofTw5teesand signed on irs behalf by. Mr5Caitlin Bisknell 10th March 2026 Pap1oflO
Fairf5eid Endowed khoolTrust Independent ExaTniners ReporttotheTrustees ForheyearendÈd 30 June2025 I reporttothetru5tee50n my examination oftheaccounts ofthecharityforthe yÈarended 30 June2025.which are5etout on pages 3to 12which comprise ihe Statement of FinancialACt¥itie$. the Statementof Financial Position and the related notes. Respon5ibilFlie$and 5150{ rewt Asthecharitytrustees Gf Fairfield Endowed School Trust.you areresponsible forthe prÈparètionofthea£counts in accordance wth the requiremènts of theCharitiesAct2011 IlheAct'l. Theih3riVstrusteèstonsiderthat an audit isnot requiredforthi5year undersection 14412loftheCharitie5Act2011 lthe2011 Artland thatan Independent Examination 15 needed. Itis my respon5ibilityto ex3triinÈtheaccounts undersection 1450f the 2011 Actand to followthe procedureslaid down in theGeneral Dirertionsgiven bythe Charitycornmission under5ettion 14515llbl oftheAct,' andtostatewhelherpartu1ar matters haveiometomy attention. Indtpendert ¢xaminws statem Myexamination wascarriedout in accordancewith the General Direciion5given by the Charitycommission. An examination includesa review ofthe accounting re<ords kÈpt bythe ch8rttyand a comparison oftheaccount5 presented withthose records. Italso includesconsideration of any unusual iteffls ordisclosures in theèccounts. and theseekingofexplanatrons fromyou astTU5teÈs concerninsanysuch mJtters.The procedurestjndertaken do notprovide all the evidencethatwould be rffjuired in an auditand. consequently. no opinion isgiven astowhetherthe accountspresent a'trueand faTrview' and the repDrt is limitedtothose matterssetoutin theststernentbelow. I have completed my examination. I confirmthat no material matters have cometo my attention in connertion with theexamination givingN causeto believe that in any material respecL' accounting records were not kept in re5pe(t of Fairfield Endowed School Trust as required by 5Kbon 130 Dfthe Charities Act 2011- or to preparetheaccounts whith acc aCcWntingrEcords¥ to cornply the aCcountsngrequirErnlts ofthe 2011Att have rFOt been met.. or the accouDtsdo notcomplywiththe accounting requirements concemlng the fomi and contentof accounts setout In the Charitie5 (Accounts and Reportsl Regulations 2W8 otherthan any reqUIrr1tthatthe accounts gi a ftJe and fairmew, whKh ts Th)t a mter considered a5 partof an independentexamination. I have noconierns and have come across no othermatteTSill connectionwiththeexaminationto which attefttionsh¢uld be drawn in this report in ordertoenablea proper understsnding oftheatcountsto be ie3(hed. rTLowe Cerbfied PublicAccountant ABSAccountancy Ltd Suite l Harewvod Busine55 Centrè 2 Fairfield Road Buxton DerbbIre SK17 7DW I, March 2026 Pa9e 2 of 10
Fairfièld Endowed School Trust Statemet)t of Finan<i?IActivit1É5 Fortheye3rended30June2U25 Notes Unrestrietsd Funds Éndowment Futhds 2025 2024 Income and endowmehts from: Donations3nd legatFes Investments 1293 35.395 36,668 36.036 Otherincorne Total 35,395 36376 Expenditureoh: Charitable actwities 131,6141 131.6141 128.9911 Total 131.6141 131.6141 128J911 Netgainsll1055esl on investments 12.1301 157.027) 159.15n 9,0241 Trarbsfers between fd$ 3S,395 I355) Otherrecognisedg¥insl105ses Net movemertin fvnds 157,0271 IS4,0841 Retondlialionof fut)ds TetalfiFndSlWghtf¢3rd 139,940 1,250,847 1.390,787 1.412356 Totalfvnd$ carried fonyard 142,8B4 1.193,819 IA36,703 1.390,787 Pa30110
Fairfield Endowed School TTUSt Statementof Fintsnoal Position A5 3t30 June 2025 Ilotes 2025 2024 Fixed assets Intangible assets 1,244,446 1.293,710 Tangible assets 60,292 60,Q(K) 1?04,738 1.353,710 Current assets Debtors io Cash3tbank4nd ifi hapd 32.981 38223 3i98J 38,233 CMdit•r&' amountsfaUiDgduewithin on¢r 11.0161 IA,1461 Netc¥rrÈntassets 31P65 37,077 Totala55Èts lesscurrentllabllities lJ36.703 1.390,787 IP36.70a IJ90,787 Thefunds olthe tharity Endowment funds 1.193.819 1250.787 Unrestricted incoffle funds 142,884 139,940 Totslfund5 1,336.703 1,390,787 Thefinancialstatementswereapproved and authoiisedforissue bythe 803rd and signed on its behalf ty. Mrmartin Bisknell Marth 2026 Chairof boardoftfU5tÈes Page4of 10
Fairfield Endowed Schod Trust Notes tothe Financial Statement5 Fortheyearended 30JunÈ2 AccountingPolici 1.1. Basis•faccounting Thefinancia15tatements havebeen prepared underthe historicaliost conventiori, e¥cept forinvestment5which are ncluded at marketV31ueand the rÈv3luation ofcertain fixed assets and in accordance wththÈ Charities SORP IFRS 1021 'Accountlng3nd Reportingbycharities.. Statementof RecommendÈd Practice applitableto charitie5 preparingtheir accounts in accordancewith the Financial Reportingstandard applicable in the UKand Republic of Ireland IFRS 1021 (effective lJanuary 20191, Financial Reporting Standard 102 the Finantial Reportingstandard applliable in the UK3nd Republii of Ireland IFRS 1021,and theChÈritie5Act2011. Fairfield Endowed School Trustrneets the definition of a public benefitentltyunder FRS 102. Assetsand liabilities are initially recoEnised athistorical costortran5artion value unlessotheM5e5tated in therelevantaccountingpolicynotelsl. TheTru5tees havetaken advantage ofthe exemptSon in SORP FRS 102 from including a cash flowstatementin the financlal Statements on the grovndsthat the<haraty i55mall. 1.3. Funds Unrestricted funds arefundswhichcan beused in accordancewith the charitableobject5atthe disction of thetrustees. Endowrnent funds arefundswhich areto be used in accordance with imposed rtri[bon$0rhave been raised bythetwst fora particularpurp05e. Theyarespent intheirresertion activity. The aim of use in eathfund is set outin thefinantia15tstements. l.& Gointconcem TheTrustee5 havepreparedfinancial projettions,tskinginto consideration the currenteconornic conditlolls4nd have. at thetimetsfapprovingtheseaccount5, a reasonable expectatton thatthe charity hasadequate resource5tocontinue in operational exirtencefortheforeseeablefuture. Thus, theycontinue toadopt the goingconcem basisof accounting in preparing theaicounts. 1.5. Taxètion The charity is ton5idered to pass thete5ts 5etout in Paragraph I Schedule6of theFinanceAct2010 andthÈTefore it meets thedefinition ofacharitablÈ tornpanyfor UK corporation tax purposes. Accordingly.thecharityis potentiallyexempt fromtsxation in respettof incomeorcapit31 gains receivedwithin categorles covered byChapter3 Part Ilof the Corporation Ta¥A£t 2010 orsection 256of the TaKat¢on of ChargeableGainsAct1992, to theextent thatsuch intomeorgains ère applied exclusivelytoiharitable purpose5. Investment income nrestricted funds Endowment funds 2025 2024 Iniorne from listed investments 1.178 34,374 35.552 34,782 8ank interest receivable 115 1.021 1,136 1.254 1293 35.3 36,688 36,036 Page5oflO
Farfield Endowed Sth¢ol Trusi Notesto the Fin3ncial Statementscontinued For the year ended30 June2025 other4•M 2024 Other income 240 Costs of ¢haTitabie •¢thiilie5byfundtyp• Vnr•strlcted fvnds Giants to in5titutEOt)s 7.500 7,000 Personal educatiopal antS 21360 18.340 Support costs 2.755 3,651 31.61S 28.992 Costs of charftableacbvities by aclivity iy Grant fvndlngof artivie5 Grantsto ir15tituti¢Js 7.500 7.000 PÈrsonal educational grants 21A6D 18340 ,860 25¥0 knatystsof supportrosts 2025 Govemancec05ts 2,755 3.651 2,755 3.651 Page 6 of 10
Fairfield Endowed Sch))l Trust Notes tothe Financial Statementscontinued Forthe year ended 30 June2025 ComparatlvehwtheStatementof finantlalActivities Endowrnent 2024 nds Ineomt and endowmtrtts fro. Donations and legacies Investments 1.801 34,236 36.037 Other income 240 240 Total 2.041 36 Expnditure Charitable activities 125.3401 125WI Govemancecosts 13,6511 13,6511 128.9911 17201 128,9911 129,0251 Net gainslllossesl on investrnents 128,3051 Transfers between funds 34W6 132361 Other recognised Kalnsltvsses Netrnovement ith fund5 566 IJJ051 121,7391 Re(oncÉli•tion of fuThls rotal funds brought forward 133.375 1,279.151 1.412,526 Total fund$ cavried fwward 139,941 4250.846 1O9Q787 IntahiibleFixedAssets FotsndatiDn F Attumylated Fund Total Costor valuatlon At 01 July2024 1.1250,847 42.863 1293,709 Additions 292 292 Revaluations 157,0271 12.1301 159,1571 At30June2025 I.19319 41025 Net book vlues At 30JunÈ1025 lJ93,819 41.025 1254,844 At 30Jurte 24 1,115Q.847 1294709 Page7 of 10
Fairfield Endowed School Ttust Nores tothe F5nancial Statements Contlnued Forthe year ended 30Jupe 2025 Tangible FixedAssets Landand Buildings Cost•r valuatltyn At 01 July 2024 60.000 At30Jun¢2025 Net book values At 30 June2025 60,000 At311 June 2014 io. Debtors Amounts due wfthln ono year Trade debtors ii. Creditoys: amoutstsfblilngduewithinoney¢ar 2024 Tra(Se creditors Accruals and deferred income 1.016 1,146 1.0 Page 8 of io
Fairfield Endowed School Trus Notes to the Financial 5tatetnentsContinued For the year efided 30June2025 Intangiblo fixed assets Tangible fixed N¢trrent Unrestricted funds General Foundation 50,627 60.292 31.965 142.884 Endowment fvnds PerrnaDent Endowment 1.193.819 1.193,819 L224.446 60992 31.965 lJ37,719 Intangible Tan•l)ie fLMed Net current NetAssets Previous y¢¥ Unrestr1rt fvnds General Fouridation 42.863 60.000 37,071 139,940 Endowment lunds Permanent Endowrnent 1.250,847 1,250.847 1,293.710 60J lJ90.787 PaEe 9 ofio
Fairfield Endowed SchoolTrust Detailed Staternent of FinaTrcial ActiVFties Fortheye3rerwJed>)June2025 Income And Endo¥mieDt Z025 2024 DonatÈon5 and legades Donations Investments Income from listed inve5tmÈnts 35552 34,782 Bank interest receivable 1.137 1.254 36 Otherincome Other income 240 Total bllt•mlngrpsoutrre5 3W9 36J76 EXPENDITVRÉ Charitable actiirities C05t of grant fvnded charitable a£tiwty IPer50nal eduiational grants) (7,5(K)I (7,WDI Costofgrantfunded Charl[e activty (Grants to institutions) 121,3601 IL8.4301 128,8601 125WOI SUPPORT COSTS Govemante cwls Govemance costs (Personal educational grants) 12,7541 13.6511 11.7541 13.6511 Totsl rer(e$ expended 131,6141 128,9911 NET INCOME BEFORE GAINS AND LOSSES other recognised galns and losse5 Gain5lllossl on revaluation of inveslrnents 159.1571 129.0241 IS9,1571 IZ9.0241 Net income btfoye gains and losse$ Is9.7} 129,0241 N¢t1m* 154.0831 121,7391 PagÈlOof 10 Thi5 pagedoes notfofm partolthestatsjtoryfinancialstatements