REGISTERED CHARITY YUIMBER: 527178 REPORTOF TIIF. TR AND OR'fHE YP.AR fr.Nt)P.D I MARC'H 2024 NT Mrlls & Bla¢k Derweni Hou%¢ 141-145 Dale Road DerbJ'shir¢ DE4 3LU
"THONY CJELL SCHOO ATION NTEYrs or THI fiNAN AL STATEMENr THE I'EAR F."NDED 31 Nlarch ?074 Page Report ofihe T11t£S IIMkp¢ndeni Examinevs Rwrt 10 Siaiem¢nt of Financial Activiiies Balance Sheei 12 Nol¢s lo ih¢ Financial Stsicmen 13 10 19 Dei8iled Siaiemeni of Financial Aciiviiies 20
ANTHONV GELL SC"HOOL FO ThI)ATION RF.PORT OF"fHE TRLSTEES FOR THE I'EAR ENDED 31 March Thc trusi¢cs present their r¢pon 7th ihe fillan¢ial Stall of the charity for thc year ¢nded 31 March 2024. The trustees have adopi¢d thc provision5 of AcLounting ReportRng by Charities". Statemeiit of R¢coJnm¢iid¢d PractlLC appljcable 10 chariiies prepaiing their accounis In accordance M'iih ihe Financial Reporting Stsndard applicable in Ihe LIK and Republic ofireland IFRS 1021 letrecii%e l Januyry 20191. OBJECTS OF THE CIIARITY, PRITriCIPAL ACTII'ITIES AliD C)RGANISATIOY OF OUR WORK Th¢ objcciiwes of the Charity. u'hich fom) ihe basis of ouw allocali0 vf e.xpendabl¢ funds. are.. I l. Th¢ provision of iieiLs. s¢rvhc¢s and facilities ai knjibony G¢ll Schwl. 21. The promoiian of the education ol'persons WIK) are in need of fLll4ncial assisthnce in ihe following order of prioTIry'. al pvrsoJ)s who ar¢ allLndin8 the sch(K>l.. b} pLrson% who hai'¥ Ilt any tiJn¢ attrndLd thL Sch([.. and Ll perbOIK8 un(IcT Ihe age 01-25 resideni Sn ihe Parish ol-IIIjTk.4wonh. and the surrounding villages. ORJF.CTIVF,S AND ACTIVITIF.S ()B.IECTIVE8 F()R THE YEAR 'rhe C'harity has Lonliniied lo carry oui actti'ilies in pursuii of ihc above obj¢¢tiv¢s and thL dLhiewLments and perfoThiiL¥ durin8 th¢ year are deiailed IKlow. This is pnncipdlly cal¢d oui ihrouBh Ihc Tnaking uf to meet specifie reqijesls hiCh add value 10 the educaiion and W'ellbeing ofih¢ siudcnib direcily or indirectly. It is impofflani io note Ihal our help school is for addilionaliiy In edu¢aiion provision and.4ervices. nol for core fvnding. ThL ong(>iii8 1)bjeLlives for ihL fouiidaiii)n year-oTry¢ar are i<> eoniithue 10 511PPOrt the 4¢hool and those Irlated to il in aLLordunLe with th¢ vverall objeLiive5 Stat¢d obovc. Ill IlTd¢r 111 hJve Ihe available fuiids 10 pru&id¢ the Jbov¢. Ihe'l rUte5 bttk i(1 Tk wiihin an approved budgei. 81)d to.. m8xlmlse the return on finanelal Invostmeni$ held in 8CLordan¢¢ Miih OUT FihiLal Ini'estsnwit Policy maximise ¢hc rcwinuc reeL'i%'ed thrnugh acii¥'ilics relaiing io ihc use of the Foundalion's facililiesllartd malntaln the phy%lc*l 4s4tts of ihe Foundation boih in ordtt io provide ihe best opportunily for income 8eneraiion anJ lil%(? l() iiiitigdlL ri%k4 iLldiiJibT io w¢aT aiid lear L¢ Page I
ANTHONY GELL SCHOOL FO TNDATION REP RI. OF THF. TRL.S'IEÈS R THF )'EAR ENDED 31 March 2024 ACIIIEVENIEIYT AYD PERFORlANCE Core activlties The Foundation has coniinued to bUPPOrt the School. ils SIder[S and ex-studenis Ihrough a programme of %mall grants a5 TCqUeSlcd by ihe School and approved by the FouTKlaiion's meeiin&. In Ihe currenl year a provibloll w'as made for up to £24,540 to be made available for this purrt. Cjrants ioialliiig £30.627 wLrc madc thljich fall into five main Ldiegoii¥s-. Individual Siudettt Syppon.. This is supporting students io attend arIoUS on and offvcatry)us events. Total support £1,7(M). Small groups.. SUprIlD8 iniiiaiives and aciiviti¢5 M'here swdents M'ork iogeihEr in groups. Tothl support = £1,060 in thL' iurrini yLar. SLhool facultie%." Funding progran)mes which address siudeni needs wiilu"n specific faculiies and currieulum ttr¢as. Toial suppuri - l21.751. Il'hol¢ School Projteis.. Funding aciiviiies. maierials and infrdStsUCDJre which provide general benefil 4lCfOSS the SLhool I4'h<)IL. Ti)131 .%upporr - £5.516 Wlder community.. Providiiig giai)15 10 fiuwj ihe dLvrlopment and fiiwLial assistsnLe of young p¢opl¢ and ¥rvups wifhiii the '1dL. Il'irksworth are41. Toial support - £l.IMMI iji ih¢ Lunrni yvar. Jnhn Thnmpsoth Bursary: In 2023-2024. the iTuyees intyoduced a bursary in mcny)ry of John Thompson, fornwr Chair of -1 Nstees. 'fhi5 will forn) pan of th¢ Fibundation's core aciivities in future years. Toial support - £ I.OJO in the ciirr¢nt yL¥r. Restricted Inc(Jme Through Ihc ¥CllCTOSity of our SUPPDrters. the FouTKlaiion cunently holds 5evcn funds which are r¢sirieied io specific areas ofwork under ihc temis 0(Iheir d(Trnation. I'he4e are.. o S¢11 Ni'c.ds & Aecesslblllty. 'lThe Tejnaining balan¢¢ is £76? o Art Tr:4ulpment bllrsurv.. £150. o Archives.. £1 ?5.5. o (>utdoor edtseallnn #nd $port.' The remaining balance is £l.IIMJ. gporti Hall.. .%iirplus lunds iaiscd towArds Ihe rcrKTrvalion of the Sports Ilall lor are held io fund further 1niprn'cij7¢n1.%IJC¢L55orlts relaling io ihe Sp()rts Ilall. T1 rcnMinin¥T balance is £8?9. o (>portln% acllvlilL'9.' 12,.392. A donaiion Irorn ihe w'irks.fiT1h & l)isiricL Spons Group Tepresenting th¢ balance of ils fund4 un cca%in¥ il% dciivi¢ieN. The req4Jcs1 is ih&t thi5 sIK>uld be '.speni Iv delclop or support sponing a¢iivitie% a8 thnLlbThf hL'%t hy IhL r()und&11ion" o ¥pecltl¢allv for the school.. £578. lri118 ih¢ year 21123-2Q24 ihc Dld Wirk.4wonhi¥n8 Association elD5ed an vrgdiii4aliiTrn and Iran%lLI"fLd the reinaining balanLe ol. Ihcir tund% li) Ihe F(iundd(ion. Th¢ mi)ney is io bc %penl in brLordarne wilh ihe Old Wirk$worth1an own objffls. namely io benefit AntlK)ny Gell School. Artificial Turf Pitches Oji foundation lai?d an dll-M'cather fvlksi7ed floodlii sponb pii¢h. tosether wilh d S-8-side pitch dnd changiii&> roon)s. These are used by both ihe School and Ihc wider community. Communiiy L15¢ of ihe piiches 8eneraies renial income which is collcctcd bj. F"re¢dom Leisure Lid, M'ho hndle the FKM)kirtgs froin Ihe Leisure Centre, and this is handcd on io thL Fuundalion rcgyl8rly. The receipl.% arc Iredted a5 iniorDe hcld by the Foundation de%ignalcd principdlly to addrcs5 the maintcnaiJLe and e%'LnDJal su¥facL renemal of ihe pitches. The reLeiptS Lii thi5 y¢ar ioiallvd £66.782 {2022-23. £52,B14). Usa8¢ of the aNifi¢ial turf pitches is eslin)aled lo have been over 43.000 people in the year to 31 March 2024, which demonsirates ihe Continuing Opportunity they pn)vide for ihe public as M"¢ll as the School for ¢x¢rcise. health, well.b¢i118 and enjoymeni. Envlronmtntil and Lands¢•pe Improi'ements Work8 continued Ihrough the year 10 rnainiain the environmtnl especially perimeicr areas owned by ihe Foundation. Thi5 inlluded maiiiletJatJ¢e of arrds of grass and shnjbs irees as urll as plJnrirtg around thc car parks and pitches. The tn]8ie¢s Lonlinue to use a l()Lal LontraLlor. wh<)se serviLe5 11.ere r¢'vi¢wed. wider a tLndering prc)Lcbs. renewcd for a fLinhei 3 yeaT5 in 20•2. The Irustee5 are 2Mie thai there have en OC¢UTT¢rKes ofJapane5e Knotweed on Foundaiion land. This is a ¥Agoious invasive plant species wliich is hard lo cradicaiL. The Foundaiion - in lib progran]mc i)I' control and Liadicalion Lonlinuing 10 5e¢k iv follow, Thc prevailing besi-piactEce as a iustodiaii of the envirowJKni (ind thv people who int¢raLI wilh ir. aiid ivill ievi¢y' thi5 approach atsnually. Pa8e 2
ANTHONY GELL SCHOOL FOUNDATION REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 March 20?4 ACHIEVF.MENT AND PERFORMANCE Land adjacent to Brooklands Avenut The irusiees are siill working in conjuHction with ihe Derbyshire Wildlife Trust and ils parn)er agency. Environmental Land Managemeni Soluiions Lid {ELMS). to explore way5 to d¢v¢lop an ecologicallj sensitive approach ro flood management on the low¢r rea¢h¢s of Foundaiion land bounded by the Hanna(Te Brook. ELMS are CUTrently liaising with the ne¢essJry regulatory auihoriiies io ihis end. Swimmlng P(Ktrl A local charirable in)st was esiablished io run the Pool and take over the rnanagement from Derbyshire Dales Disrrict Council. The Foundation is Landlord and the Trusi was assigned ihe lease by the Council from April 2012. The lease runs until 2079. There were no specific a¢iions for the Foundation tn relaiiort io the swirnming pool in the current year. The Cornrnunity Sport and L4isure Centre The Wirksworth Leisure Cenire was opened in January 2000 al a cost of £1.3 million. a part of which was contributed from th¢ Foundation. The Foundation has made subsequeni contributions towards the improvement and upk¢¢p of the facility. The Leisure Centre ¢OTttinues to be of greai benefit and popvlarity for ihe School and the wider community with rhe old School Gyrn being part of ihe faciliiies offered. The Foundation granied a long lease to DDDC in 1999 until 2079. The rent from DDDC is subject io review ai 5 yearly intervals (the next review being now due in ?028) in line with the reiail price index. The Foundation received £17,737 from DDDC as rent in the ¢urrent year. In 2016, DDDC decided to contract oui their Leisure Services io a managing ageni by Summer ?018. The current management 51ruciure. under Freedom Leisure Ltd came into effe¢t on Isl August 2018. Effective iniegraiion of other sports facilities on the same Site is mainiained, and appropriate arrdngemen(s and hire rates ror the hirin8 of the Pii¢hes. are ensured ihrough annual review pffxess involvirtg Foundation. the School and Freedom Leisure. Unadopied section of Canterbury Terrace The Foundation is the re&Tristered owner of ihe roadway at the souiheasi end of Canierbury Terrnce in Wirksworth. The Trustees realise that. whilst ihe ownership of this land has no direct beneficial purpose to ihe Charity. th¢y rnusl seek co maintain the roadway io an acceptable standard. The Trusiees coniinue 10 establish and maintain bFood levels of communicaiion with the adjoining 6 householders, with DCC and wilh Severn Trent Water ISTW}. as stakeholders and to addres5 repair5 a5 necessary. Discussions are again in progress to consider fviure arrangements. Gift Aid The Foundation is able to recover income lax on donations made under ihe HMRC Gift Aid scheme. This is handl¢d by rhe Gell Friends who have identified £772 as recoverable agains1 the current }'eafs donations. young Future5 Fund The Young Fulures Fund was laun¢hed in (ki 2022. in memory of a forn)er Student * the School. li raises money io fund the additional wellbeing needs of siudenis sufTering from m¢ntsl ill health. These additional acriviiies are managed through Ihe School. AGSF holds the Young Futures Fund and a report on activity. and progress is brought to each Irusiees meeting. In the year to 31 March 2024 £18.881 was raised and £1 1.352 expended by ihe Young Futures Fund. benefiting approximately 60 siudenis. Page
ANTHONY GE L SC.'HOOL FO I)ATIVN RFPORT OTr THF. fRLSIEES FOR THE YEAR ENDE[) 31 Marcl) 2024 ACHIEVEMEIYT A.ND PERFnRMANCE Academlsatlon of Anthon)" Gell School. 1st Augu512023. In qurner ?fJ22, the School undenook a consvltsiinn inio an academisation PTopovI to join Th¢ Einbark Federaiion. In June 2022, Foundaiion Irustees submilled their respoilse io ihe proposal cons1iltatio th¢ summary of which reads.. W¢ agree io lh¢ prgposal b¢¢&use we b¢li¢v¢ ih¥t it is ktteT to make a proaciive choice now ihan io wail and be pushed into a IS suiiable Mulii-Acadeiny l-rusi in luliire. and on the b&sis dial F.nthark will ¢n5re that h) Ihe Icadership team of Ihe School has an opporwniiy 10 shape ihc secondary offcr io sccurc the cthos and values of Lhe School into th¢ luture bl thL Lo¢al Gov¢rnitJ8 Board ivill Fbi.¢ B high l¢v¢l of aulonorny an(1 dial the Foutmlaiion be repres¥nied on thL' LoLal Govcrning Floard by m'o fouiidaiion Trnsiec GovLmvrs c} lh¢ luliire w'ork'ing reldtTron.ship beiween F.mbark and Founddiion u'ill be secured via a clear Memorandum of Under8landing so thai positive and supportivc way% ot-morking 8T¢ safeguardcd into the future. Jl thL i s$Ll% i)f lh¢ r()uiidaiion 7]1 k. suiiably maiiiuin¢iJ and protLLied for use by th¢ SLhool and the community via robust aiwj appropriaie Leases and Shared lJse A¥reeTMits. aTMI that the L()ni'Ltsithn caNiol iakv plaLe until th¢s¢ ar¢ a&ir¢ed Anthony Gell School joined Ihe Embark Federnlion on Isl Aug1 1023. In accordAnee iviih academisdiion legislation. The F"oundaiion became Ihe beneficiar). of all of ihe school buildings from ihis dale, leasing th¢m to Embark &nd )tLriii& inro d Memvrandum of uiidcrsi45fbdin¥ w'iih Embtsrk 10 embed ihc proieLrion tsf the iniLr¢sts of foundation going forH?rd. A copy of the Memorii)dum of UndersiandinB is available oil requesi from ihe Seerctsry. As noied la%1 yeaT. the Poundation has endedvoured io e>t8blish which cIcThls of thc prorrty OTred by Foundaiion wcrL' iiiLliidLd on DerbJ%hirL' ("ounry Cuuncil's Fixed A%sci R¢8LSter for iix year 2(122123. and ihc value 85518ned io thLm. li had been inicnded Ihal (>n¢e il 15 esldblished what a&sets were deCd lu be ihe Coun¢il'.%. FL)undaiion L¢)uld pui a Ii) wliat has alivays belotig¢d 10 AGSF. in ihal yeals 131 Marili !0?31 FinanL1451 Stsiemeiils. I'his did nul prove P05¥iblL, Poundaiioii has subs¥quLmily submitl4d a Prcidoin of Infonnaiion ALI TCqU¢Si IQ tkrbyshir¢ c.ounty CounLiI and then an appeal io ilie Information Commissioner as ilic informauon has not yei been farti)coming. This miler remains open ai th¢ balan¢¢ sh¢ei date. In a¥¢nrdign¢c wilh Lliarify. Ilgislation, once a %'alualiiJn 1$ obiaiii¢d, Fowidatioii M'ill appl). a fair 8]uC t(} lnvLsitnI Prupcrty 0.ne¢1, including lhSe donaiLd b>. Ihc CounLiI 10 Foundaiivn. A% this has proved una¢hi¢vable within (hi) aLLountinb year. a valall0 will be iniluded. In th¢ 31 MarLh 2025 FinanLial Siai¢m¢nt%. For ihe iiiii¢ b¢iiig. lh¢ ti¥ure (>f £ I,01111.O(Ml is given. sthied in the Land Re¥isty SUMnlY ut'Tiile I17ih (k-lobcr 2013). Page 4
AN'THONY GELL SCHOOL FO ON REPOR"I' . TRL.STEES R"I"HF. I'EAR ENDED 31 March 2024 ACHIEI'ENIE.NT AND PERFORTrIANCE Ethical lTrTrt$tment PolRci" Approach The Foundation rcviewcd previo$ ini'c%tnYnl ethical policie5 in ?014 10 ideniify issues by which investors mighi diriMInate in making investments, including st)cial and eni'ironmciital as well as ethical in the pure sense of th¢ M'ord. Charity Cominission advice was thai ihe inier¢sts of a Charils beneficiari¢s ar¢. in general. best ser¥¢d by the tru5t¢es seeking lo (Ibiain ilie besi finanLial relurn from ils in%'esiments. In&esiin¢nls must be Lenlred on the int¢r¢%is of ihe charity and not of thc INsiees. Th. Chariiics should declAne io inveA in a particular ton]pany if li caleS oui activiiies whtch ar¢ directly conlrary Lo the charity's PiLrpose- e.g. cancer clwiiy not in%'e51ing in iobacco eompanies. The rnain r¢asons for adoptinB a policy for R¢sponsible Invesitn¢nt includt.. Avni(lin&y risk8 io our repuiaLion A voiding the Tisk ol-alicna¢ing bUPPOrtets. beneficiaries and sian. Av(iiding L'oJIfliLt uith IhL LharLWs aims IJsillg ink'¢%tm¢nis lo tiinher th¢ ii'ork ol-IhL Lharily Using iniesimenls lo inlluence company b¢h41wiuur AddTessing financially relewani social. ¢ni iroiimentsl and eihiial risk5. In th¢ case of ihe Foundaiion, Ihis is imponani in lis relaiionshtp 10 edutaiion hnd the inierests of studenis ai Artihony CicII %ch(>ol. Sin¢L th¥ foundaiion'5 beficine$ JrL' mainlv young p¢uplc who atteJMJ Ihr sLh[l. Ihis m¢ans 811 stud¢Dts have an interesr in our invrs1llnf policy(8s do P¢irent5 and donors), boih in financial and ethical aspects. 'I'he Poundalion deiidcd 10 hav¢ a clear. simplc bui flexible apprvach on ihe followbll8 lines- WL conclud¢d ihai we Should viiidllimil UTeas SULh as iobacco. armartnls. Jlwhol, pon¥raphY and ¥amblin fJvour portlolios itilludiiig companTe5 With giNKI records in ejnpluyee and cuslomer relhiions. eoriservaiiiiii of Ihe environinent anil IhLir dcalinbs iii countri¢5 whcrc ihey operate. Wh¢n invcsiin¥ WL. can 85k ro 5¢¢ L.thi¥g1 poliby stsicnnis and comnii(menis so thai w¢ Can make an infom)ed judgcnicni and scck reassuran¢¢. Thc Trusl¢Ls n)ei during 202.1-2024 10 revieu. Ihe criicria on 'hICh the policy is ba4L.d. Gr(bwin8 global coiicems over thi impact of climdlL ¥hange. tM)th IMAd1tL1Y aiid mi)$1 particularl}. on g¥nL T31iOlk4 lo coine. is ILadin8 TnJstLL$ ro Lonsider 1mLed investment in rm¢ivable enL'f8ies and reduced invesimenl in lossil fuel$. For 21123.24, Ihe lisl Dr wrifi)lios 10 fai'our h#s lttn exl¢nded to iniludc Lompanies 'ith a guod reL'uid in ieldlion lo climalc change. Pa8e S
AN'THOXY GELL.%CHI)OL FaLTh, DA TION
REPORI OF I"HF. I'R
'STF.F.S
FOR THE I'EAR ENDED 31 .Marcli 2024
ACHIEV'EMENT A.ND PERF()RMANCE
Ini'c$¢m¢nt Strre
Our long-term strategy is..
A combination uf equilies diid fixed inleiest fvnd5 inie5ted iii order lo reduce the oi'erall risk.
o Investmeiii portfolios Should be IntertlInl Inot jusr British iompJni¢s iviih oi'erscas iiiieresil partiLularly in tht lJS.
o AVid the need consthntly to 'fine itsne, Ihe aciual iniesiinenL4. The Chair and Vice-chair may inodify ihe balance of
investment%, hawing laken financial advice.
Inv¢8lmenis should either be with one major manag¢r or o number ol- siwII manag¢rs This is to ensure long Itrn)
securiiy and fraud prevention.
o It is importajit thai fihlld Llwg¢s arc low.
o Th¢ inLomL fro1 thL leiiiiig of the piiches could de¢JYKd hvpoth¢car¢d for futur¢ 5urfaLc r¢pla¢em¢t]ts. and ¥s
such expcLtaiion mdy exisl that il 15 use(1 ith Ihis .<1y. Nei'crthel¢s5, I¢1 a(Ivi¢e is ihai li is noi lock¢d inLo pilch
maintenance and upkeep. Thus. rev¢nuc from piich hire should be m¢mitorcd and. if there are any exces5 funds, thcse
Luiil(I u.4¢d clseM'heTf or added to ini'¢8tnK'nis.
l)uring ihe year to 31 ll MJiih 7074. the Fpworth Coryx)rai¢ Bond Fund ?5 closed dowi. The trustees Iranst'¢]T¢d the
PT(ILeed% fTvni thai fund, under adi'ice. to the Schroder Susiaiimble Ilond Fund. A15u. Ihe trustees invesied funher
incomc in th¢ COIF Ichariiies nfficial Invesiwnt Fund) FiAed Inierw Fund for th¢ firsi lim¢.
Al .1151 Marih 20?4. our inveslmetiis wcrc valued ai - COIF Ethical liivesimeni Fund - £15.1.971. COIF Fixed li)tcrLSI
riii)(1- £58,4117. Cpivorth (ilobal E4uity Fund - £35.700. EpYrth UK Equity fuThl - £271.-105. Schroder SustaiiiJblL
Jond Fund- 1208,445.
Tr'u'riiR Tr. PI.ANS
As addressed elsewhere in this rcport. Ihc Foundaiion sttks in adopt a prudeni &ppmAch In l)oth invesimenl And
spcnding slr8te8ics. Cjiven Ihese consirainis, the Foundatioft yill..
continul ro (bP¥rai¢ acLording to our ¢hdritsbl¥ obj¢&ls and, withiii IIK. appToved bud¥L't. io providc fuiidin& to the
SLhool and thos¢ r¢lat¢J lo ir. Tliis is IIIL Foundations corL aLIIYIIy-
coniinue to Tcview and d¢v¢lap our Invcsimeni SirolcBy io piovide ihe b&si return whilit sJf¢8uar¢Jirt8 the Foundaiion's
asKci% in a pru(Icnl manner and ac¢ing in Ihc besi inieresls o(Ihcir bene1iciarl.
Additional fuiiirL plans dr¢..
Trj Loniiiiu¥ f(> w()rk with Frcedom L#Rsure Ltd so as io LOlltinu¢ io provide the iK'51 faLiliiiLs possibl¢ lu thl .hOOl
and 0ili¢r u.%ers w.hilsi also maximiiing Ihe T¢v¢nue ¥v#i13ble io th¢ Fowidaiion for il% core dclivity.
TLI LVI)lillue uur work WiLh the r¢sid¢ni$ uf CanieTbury-f¢rr8c¢. tKC athd STW iowanjs a viable plan (or tiic futurc of
the land 4,hich is to Ihc b¢ncfii i)fall.
Tn conlinue ii) Lll&iclg>e wilh all biakcholdeffs and residents adjacenl lo the Ilannage BrooK as an effecLive cTh)logical
mi'Ji18 of mdnagtinb flv(Klinbp 15 50ughi.
. Tn Ll)IltinuL to support thL d¢vLlopmL4Jt of th¢ Youn8 Fu1u5 fund as approprijte.
To cxplore further the invcstineni opiion5 Ihat provide an appropri response lo risks relaied 10 cliiraie change,
having r¢gard for Ihc inicrests ofkey 5takchold¢rs.
FINANCIAL REVIEW
Rc5trv¢'5 poIi¢v
Ilaving adopled a ioi&l Icturrt approach io inv¢5tirni Js indicaicd aboN'e. Ihe Trusiecs in consequence plan io spend each
year amount which when adjwied for innaiion can, Ihey beliei'e. be sustained into the indefiniie fvtuie h). Ihcir
Lapilal rcsour¥¢5. The). will howevLr mtsk< provisivii wthiii rhat an171 for fvturl ¢xp¢ndiiure lind Loi)Itng¢iJcies w.hich
IhLy bcliei'e sh¢)uld be spiead over more than one year. Tli¢y hal'e accordingly sei J5id¢ £248.495 at the year-end of past
income which remains unspellt ai 31 March 2024 as a reserve. l($ PTincipal puiposc ys lo facilile renewal o( spor1%
facilities al ihe school w'hi
ANTHO CFELL SCHOOL FO I)ATI()N REP Rl- P THF. TRLSTEES TrOK THF. I'EAR F.NI)El) 31 March 2024 FlIYAPCIAL REVIEW FlhaneSal Review The Statement ol Financial Activiii&s nei income on unre5tricied acltviiies ol- £47.420 before transfe and net income oli iestricted aciii'ilies is I12.8¥3 before tratjsferi. The perf(>miaJ)ce of the 51ock Tnarket has since incrcascd Sll)Le _?110_3121)21, resultiii¥ in an u1CaliSed gain of £b:.084 as at.I110.1,2024. 'l-he nel elleei of this a.%urplub Ot) th¢ InLome and Exi)¢ndiiure Accouni of £1 ?2.387. The overall funding for the year is 6.5 % higher than Ihe previous year. At ihk ¢nd of the yLar. unr¢srrici¢d funds ioial £317.566. 'hICh 15 suffJci¢ni to suppon the implementation of th¢ Lhariry's objLlts fvr th¢ for¢seLablL fiJNre. Total return order A% pre¥'iuusly reported. we reviewed our financial and in¢S1nnI regY and t(>tsl return appToa¢h io iTrv¢slincnl '111¢h Wd% approi'¢d by the C hJrily CurnmiJsivn who made an order dated ?7 July 2006. '1-his u'a% %ubicLI io.. I I u% ¥L)nfinniElg our inilidl vdluc lu be dlli)Ldted io the Trvsl whiLh ive sialed Wds t229.825, bein¥ ihe adjusled balance sheet volue 81 l April ?IK)4." and 2) clanfiLatiot) r¢spiLt of the futiire Ircaljnent of rh¢ prop¥fty of the Lharity. whi¢h ¢oinpriscs laiid Hnd buildii)gs ai Ihe ADih(Iiiy (Jell StliLK)I'. w¢ gav¢ d¢lai15 of property which had be¢n sold siiicc 1996 Liidicaiul ihllt ihe r¢mJining propcny was bcin¥ yiven a Nil valuc b¢causc ii Js needed lor ihe s¢hool'b opcraiion; -1) wc ha&c fix¢d nur pcrceniage foi alloc£ilion io the TnLSi lor applicdiion lin¢omcl annually a¢ 5 .0 iniiially and thai coJ)tjllUL% at thi% siagL. WL havL Loiirinued lh¢ allocaiioi) fvi Ik. SpLndiii¥ Plan on advi¢c frDm our fiiiaiicral Adviser. W¥ havl iluiiin r¢LeivLd regular rLp(Trrts aNJ aJi'LLC from our Fil1181 Adk'1.r who hds [)11110r¢d and 8dvised us Yboui our inve%irn¢nls in Telaiion io iheir value and lash reserves. We have .%$¢Ised and reiained ihe P.pwonh aiid C'OIF inw¢%tm¢nls. STRL,CTURE. Cp()VERfANCE AYD MANAGEIIENT Governln¢ document Th¢ ¢haTily 1$ conirolled by its gov¢rnin8 documcni, a dced of irusL arml ¢onstiliiles an uninc(trTporaied charity. The c.harity Mas originDlly emablished by a Sch¢m¢ dai¢d 28 June 1910. A new. Sc1Me M?% approved by the Choriry Conyni$si()n and touk ¢ffLLI on 25 May 2005. Goi'crnAnce I'h¢rc hdvc b¢¢n no chan8cs ro th¢ trustc¢$ of Foundatioii during th¢ frinhncial Ycar. 'rru5tce¥ The currcni Scheme allo% lor 7 Trusiees. Comprising or- 2 nnmlnaled'l-rusiees: One by I lib Majcsl>'s JiL*lices of the Peace for the County of l)¢rbyshire: currently Chris Whiitsll. ()Iii by the Lord Lieiitenaiii of Derbyshire.. currcntly Sinx)n Hobbs. 5 c10p¢¢ Trustees: These are eurrenily.. Caihy Cooke. Debi Ileddcrwick, Lee Shakespeare. Ali60n Foole and Adam Lad)bury. All Trustees are appouiied for t¢rn of 4 YCOTS With no liniil a5 10 htsw ofieji ihey may be r¢appoiiil¢d. Pag¢ 7
ANTHONY GELL SCH L FOUNDATION REPORT OF THE TRUSTEE FOR THE YEAR ENDED March 2 24 STRUCTURE, GOVERNANCE AND MANAGEMENT School gol'erning body representglives There are currently i Goveming body representaiivcs in non-voiing capacities ai our mttiings. They are Malcolm Kelly {H¢adiea¢h¢r). Le¢ Stephens {Chair of Governors) and Annie Nelson {Governor). Trustee remuneration Non¢ of the TNstees received any remuneration for their s¢rvic¢s during the year. Travel expenses reimbursed to our Financial Adviser in the year were £nil (also £nil in 20??_231. Operatlonal rnan#gem¢nt Hugjo Lane serves as Secrethry. on a self<mployed b&8is. The pos¢ covers 3 principal areas of r¢spon5ibility: adminisiraiive support,. maintaining financial records and suppon io individual irusitts by undertaking delegaied duii¢s on their behalf in iheir respeciive areas of responsibility. LtgAI adwi¢¢ Glenn Mcclenaghan from Derbyshire Legal Services coniinu¢s io provide the TTUStees wilh ex¢¢llent and sound advice. Finaneial and Investment advlce Peter Jones 5UPPOrts the work of ihe Trusttts by advising on prudeni. remn¢1ve and ¢ihi¢al strat¢gi¢s for inv¢sim¢nt of the Foundation's financial assd$. Gell Friends Anna Brisiow attends meeiings in an odvisory ¢ap4¢ity. with panicular regard io ihe aciiviiies of Gell Friends. Ex#min4¢ion of the annual Financial Statements of the Foundglion Mills & Black Chartered Accounianis Te appoinied io ¢xaminc ihe Firsancial Stsiements for a further year. Related parties The TTUSte¢s are required to di5¢105e iransaciions with relad p2rti¢s. Anthony Gell School mighi be considered a related party by vinue of occupying Ihe land which 15 Ihe Foundaiion's prineipal ¢ndowTnent. For that reason li is declared thai all 8ranis made by the Foundation have been paid to a related party. Gell Friends. Gell Friends were esiablished in 2013. This is legally a part of the Foundation bui has a separate manabT¢meni structure with similar objecis I.0rking for Friendship and Fund5 to benefit Anthony Gell School). Current funds amounied 10 £18,812 ai the year-end. of which £16.901 is held on 31 March, within a special accouni in the Foundaiion's name for the use of Gell Friends in consuliation with irusiees. We have agreed their constiiuiion and exchanged a docurnent on how we should work 108eiher for ihe benefit of School and Students. Young Futures Fund. The Young Futures Fund wa5 e51ablished during 2022 in memory of an ex Gell student. li raises funds io support the menial health and wellbeing of local young people.The trustee5 and th¢ Fund have fomiali5¢d a working agreement. The iTUSiees can confim) that the moni¢5 raised will be re51ricied 10 the purposes of Ihe Fund which fall within the Foundation's own Charilable objects.. Funds held the year ¢nd totalled £23,571. Risk management The irusiees have a duty 10 identify. and r¢vi¢w the risks io which the charity is exposed and to ensure appropriate controls are in plac¢ Lo provide reasonable assurance against fraud and error. To this end. the Trustees review annually iheir financial regulations covering policies and prnctices io be observed in order to protect the a55ets of the Foundation and 10 mitigate risks to which li ma}, become exposed. The Foundation understands that this approach to risk management is ongoing and as su¢h will conlinu¢ to initiate new measures. as well as review exisiing ones. to reduce exp05ure. The Foundation ren¢wed their tnsurdnce for Trnst and Trustees Liabiltty, Public Liabiliiy (re.. Property owned) and Le(y?l expenses cover through Zurich Municipal for £8971£774 In O9?_23). Page 8
ANTHONY GELL SCHOOL FOLThDATION REPOR"I" OF THF. TRL TF.ES ORT F I'EAR ENDF.D 31 March 2024 STRLCTUKE. G()I'ERfiA.NCE AYD.%IA.NAGEIIEIYT PL111,IC B Tr.NF.FI-I' ST.4'I'L(Tr.II. Thc Truslecs conlirm Ihai. under Ihe ternts of S¢ction 17151 of the Chaniies Aci ?01 l. Ih¢y havc coinplied wilh their duty to hai"e due regard to The public b¢rit guidance as published by Charity Commtssion. HistOTi¥ally, Ihe I'ruJiee% have sou¥hi to support the core beneficiaries. Linder th¢ tern of our choritoble objecis. Ihriiugl) grants lo lh¢ Sch(K)l and indii iilual>. Additionally. aetS l]ai'¢ b¢¢n sold or leased io credie a niedical cenire. Ilie Lci8Lire CLnlre and sw)TlS piiches all of whicli A5sisI noi jusi th¢ ¢ore bcncficiaries bui (he greaier public. During the )reaT Ihc TTuslecs have proi'ided charitable funding, W¢[ken in funhcrance ofiheir chariiAble obj¢cis for th¢ benefLI of the publiL. REFERENC.'E AND.IDMINISTRIlTII'E DETAILS Regl$tered I".harlty nhhmber 52717g Prlnclwal uddres5 Wovd Street Wirksworth Derhs"shire DF.4 41)X 'rru$teey Caihy l.ooke (Lhairl Sim(In I lohbs C'hri% Whiltdll (Vile Chairl Debi Hedd¢rwi¥k Lee Shakespcarc Ali%i)n Fi)()Ic Adani Laihbury Independenl Ex*mlner l Idyi% FC'A Mill4 & 141aLk Dcrnvcnl I Ii)u 141-145 Dal¢ RIMd Mailvck D¥rby5hirc l)F.4 31.U B¥nki'ry l.luyd5 Cumpiun A5hbourne DeTbyshire LeRal Advice Gleni) M¥C'l¢ndghan Tr'inanclal and Invt5tment adi'ice Peter lolles Approi'ed by ()rder vf ¢he IM)ard of uustees on.... and signcd on ils behall'by: Cathy Cooke- Trusiee Page 9
INDEPENDENT EXAMIN R'S REPORT TU THE TR Y GELL SLH()U IONT STEES OF ldePendent ex4mlner'5 report to the trustees of Antboni. Gell School frDund4tion l Teport 10 ihe LhaTlly u51t¢S on ITLY examination ofihe accounts of .4nilwn>' Gell Schi>ol Foundaiion (the Tiusi) foT th¢ year ended 31 Ilarch 2024. Responsibillties and basis of report As ihe chdrilw Iru%iees of Ilic Trusi you are responsible for Ihe preparation of ihe account* in accordance with ihe reqUIrenIS of rhe Charilies Act 2011 I'the Acv). r¢poTI in reswi of iny e.xaminaiion of ihe Trnst's aLcounts caffied oui under Sedion 145 of the Aci and in carrying oul Illy exainination I have followed all applicable l)iTeclions gi%'en by ihe Charity Commission under S¢ctioii 1451511bl ot. Ihc Aet. Independent ex#minL'f'% 5tatf nitnt I hal'e Li)n)pl¢ied in), exaniin&iioR. I corlfinii thai #o materiol matters have come lo my aiieniion in conn¢ciion wilh the Xiiminaiion giving ML Lause lo l)¢li¢vL thai in any niaterial rL%peci'. accuunting records were nui kept in respeci ofihe TTUSI as required bv Seciion 130 ofthe ALI: or the 4cLount% dv noi ac¥ord with Ih05e records.. or Ihe aLLiJunis do n4)1 LL)mply M'iih the appliLdbl¢ r¢quiTemenlb ionierning the fiinn lind i()nienl L)f aLLihuni.s tsei i)ui in Ihc Chori1i¢s IAccounts and Repnsl Regulaiions 200R oiher Ihan any requir¢nnI ¢h&i ihe aecounis givc a true and fair view whieh is a marter consiw ¥5 pan of an independ¢nt examinaiion. I hjve no concems and have come acn)sS Th) oiher maners in ¢onncclion wilh ihe examiniiion lo which aiieniion should be drawn in thi% report in order 10 enablc a proper underslanding ofihe accounts io be Tcached. l M Ilaycs FCA Mills & Bl4i¥k DLfivLnt Ilausi 141.145 r)Jle Ro&d M&iilu¢k Dcrhj'shirc DE4 3LU Pagc 10
OXY GELL SCHOOL FU TrDATION 'I".i"rEMENT OF FIN.4NCI.4L ACTIIIITIES FOR THE I'l¥_AR F.NDF.D 31 Mdrch 20?4 31.3.24 Total funds J1.3.23 Total fuikds LlnTestricted fund Reurici¢d fijnds EDdoTrn1 fijnds INCO1. Af*D END01'mENTs FRI)IM DonAtiun% and legaLie 24.816 24,816 20.734 Investnni income Other Income 101.424 70 101,424 70 80.916 Tolal 101,494 ?4,816 126.310 101.C)5n EXPENDITURE ()N RuisingT tiindq 897 897 774 Ch4ril¥hlcs aeilvltle5 Anihiiny CJ¢ll SLhool Young Futurcs Fund 51.520 1,657 11,933 53.177 11.933 89.956 169 Total 52.417 1.1.59D 6fv.tX)7 90.Y99 Nct gain%.Ilosses) on inv¢$lmenis 6?.084 62.084 142.067) NET INCOIIIEIIEXPENDITUREI 49.077 11.226 6?.OX4 1 ?2.187 RF.CONCII,IATION OF riiiN'I)S 1'owI lunds broughi lonvird ?70.146 37.fA5 1 $87.255 1.890.046 1.921.36? TOTAL FU,YDS CARRIED FURM'ARD .319.223 4X.1171 1,644,1.39 ,01 ?.433 I,R911,04C The not<4 part of ihL.8e financial 5talcrnents Pagell
AliTHON'Y ryELL..HO0L FOLl%.DATION BALANCF. SHEF.T 31 March :O?4 31.3.24 Tcithl fvrKis 31.3.23 Total fuTrds UIITe5tricied fund RemriCd fiEnds funds FIXb:D ASS&'I'S InTr'eslments Investnienis Investm¢ni property 283.549 644.339 i.000.wo 927,888 1.000.000 759,225 1,000.000 io 283.549 1,644,339 1,927,888 1.759,225 CURRETr4'f ASSTr.I'S DLbii)rs Cag11 at baj 22.710 772 48.y 20.90 115,4Y¥ 69.834 44,445 4¥,871 93,316 136,404 CREDIT()RS Amouois falling due wiihin one y¢ar 12 18.7711 (8.771) 15,583} NET (.'LRREYT ASSETS 35.674 4¥.871 84.545 110.821 'roTAI. ASSTr.TS I.Tr.SS CllkRF.N'I' I.IAlllI.I'riTr.s 319.??3 48.871 1.644.339 2.012.433 1.890.046 NET IlSSETS 4X.X71 1,644.179 ).012.43.1 1.89U.04() UllresificiLd fuiid5 R¢51TiLled fundg E.Iid(iu'n*nl fund%'. Pcrinaneni Endowm¢ni 319.223 48.871 270.146 37.645 1.644,339 1.582,255 TOTAL FIINDS 2,V12,433 1.890.046 The financial siaiemcn¢s M'ere appiovcd by Ihe Brd of Tnle¢S and ¥uthoris¢d for i.ssue and M'Lre SiWiLd 0 its bL'half by.. on Cathy Look¢. Trustee The TJQtE5 lotm part olih¢5c ftnancial alCTncntS Paoe l?
ANTH()NY fiELL SCHOOL FOLTh. U)ATION NOIE 7"0I"HE PIN.4NCIAL STATE.MENTS FUR THE I'EAR ENDED 31 March 2024 ACCOUYTifiG POLICIES RsIs of prcparlng ihe flnantlal statements ThL financial %thicineDt% of ihc Charil), w'hich is a piiblic benefit enlil), under FRS 102, have be¢n Prepared in acLordaiicc iviih thv C.hai"ilieb SORP IFRS 1021 'Accouniing ai)d Rcponiiig by C-hariiies.. Staiejent of ReLonllnended Practiie applicable ro charities prn'pariiig Iheir aLLoiiniS in aLLordaiiLe with the FinanLial Reporting Siandard appliiabl¢ in ihe UK and Republic of Ireland (FRS 10?) (effective l JanuaTy 20191.. Pinancial RewJrtillg Standard 10? The Finan¢i#il Reporting Siandard appli¢able in the UK and Republic of Ireland, and lh¢ Charities Aci 2011. Th¢ financi&l SleMentS have been prepared undeT ihe historical cost eoni'¢nlion. wilh the ex¢cpiion ol-invesimenis which are included al nwrkei value. as modifi¢d by the i'evalijaiion of c¢nain assets. Inethme All income is r¢cognis¢d in ihL Stst¢n)ent of financial ActjlPilies once the charity has cntiilcmeni to the fijnds, it i! probable Ihat Ihe income will be reLeived lind the aimouni ¢dn be measured reliably. F.xN'ndltUTe Lijhiliiics are recognised as expendiiure as soon Ihew is o legal or consinLCtive obli881ion commilling thc chariiy to ihai expendituie. li is PTobable ihal g irnnsfcr ot- econoniic benefils Iwill be iequired in seiilemeni and Th¢ £lrnUUiii vf rh¢ oblibT2ti(bn cali bl mLa4urisd reliably. l.xpendiiure is a¢¢ount¢d fgr ui) ali acLruals basis and has becii Llissificd uridvr headii)s5 ihal a&sryLbrai¥ all co¥1 rcldied io ihe caiegory. Where cosis edniioi be diTCCtIy allribiiied to particular headin.os ihey have been allocaied io aciiviiies on o b&%is eonsisient wilh ihc use or re4ourc¢s. Invtstmcni prop¢rt}' Invc%linetil pi'iipcriy is shown at mosl rcccnl valuaiion. Any 8w¢yt¢ SUTpIus or deficit 8risit)¥ from ¢han¥es in fRiT ¥'ulue is recognised in Ihe.StAiemcni of Financial A¢iiviii&s. The charity is exLlllPi from on ils ¢haritabl¢ activiiics. Fund #c¢ountffing Unresiri¥l¢d lunds can be used in ai¢uTdance iyiih the chariiablc obj¢¥tive¥ al the disLrelion ofihc IrLLslees. R¢%lTi¥l¢d funds L4in vnly tK' IL%L'd fur parliLular reslriLlcd pwyvses within Ihc iJbjeLls ol'the ehttrily. Re&iriLiivns arise whcn specilied by the donoi or wlien lid5 are raised lor particular resiricied purpnses. Further cxplJnation of the natur¥ atid purpDs¢ of each nd is Included in ihe nvfe% TO the financial stJtemei)ts, DOYATIOYI %.4ND LE(FACIES 31.3.24 31.3.23 Doiijltions ¥raiiis Gift aid 24.U44 772 19,995 739 24.816 20.734 Pag< 11 continued...
AN'THOXV GELL SCHOOL FOLThDATIO NOTES TO THE FIY.4NC'IAL "I"A'I"E4.MENI- FOR THE I'EAR ENDE[) 31 MarLh 2024 - contin INN'ESTMEYIT IP*CUIIIE 31..1.23 Rei)Is received Pilch income Other fixed a8sei invcs¢- F-11 Deposif aLL(iuiII IlllLI-esi 19.?80 66.782 15.?93 69 14.8.32 52.814 13.1711 92 101.424 80.916 RAISING FUliDS Raising donations gDd leEAcie% 31.3.24 31.3.?3 InsurdnLe 1197 774 CHARITJKBLE ACTIITITIES COSTS Supp)n co¥ls Isee noi¢ 6) Dirttt Cosis To(&19 Anth()Iiy CYLII .S¥ho(hl Y(>ung FiilureN Fun 47.304 11.933 5.873 53.177 11.933 59,237 5,873 65,110 SUPPQRI. C()S'fS (iov¢inan¢e L(TrSts Anihony liell SLhool 5.1173 TRIISTEES, KETrILIYERATIOY AfiD BENEFITS There were i)0 irusiees, remuiieration or tsiher benef115 for the year end¢d I l Mawh 2024 nor for the year ended I l MarLh 2023. COMPARA'I"II'ES TrOR'I'Hk s'fATEMI.%'l' Ob I IP4AP4CIAI. ACI'IV I'I'ILS Unr¢strici¢d Reslri¢ied rund funds EndOWnnI funds Total runds Ih'CnME AD END()WMEYTS FROII l)onaiions and legacies 20,734 20.734 Investment iiicome 80.Y16 811.916 Total 80.916 20.7i4 101.650 F.XPTr:NI>ITLIRE O Rai5111bT funds 774 774 Ch8ri¢#ble actiiryiie5 Anihony Gcll School 4.016 89.956 Pag¢ 14 contit]ued...
ANTHOXV GELL SCH(KJL FO DATION NOTES TO THF. FIN.4NC.IAL "ATE,%IEN'fs- continued FOR THE I'EAR ENDED 31 March 2024 COMPARATIVES FOR THE qTATEMENT C)F FINknCL4L ACTII'ITIES- contillued Unresiricied Resiricied EiidoiTrYneni fijnd funds ds Total funds Young Fulures Fund 169 169 Total 86.714 4.185 90.899 'ei inSI(10&sesI on invesiillenls 142.0671 142,0671 NET IYCOMEIIEXPEliDITUREI 15,7981 16.549 142,0fi71 (31.316) RF.COiS'CII.IATiof OF FUNDS Total funds hroughi forward As previuLi%ly rep(?rfed Prbof yCaT adjustm¢ ?7.S.944 21.096 624.322 I.IM)O.CKK) 921.362 I.000.O(K) As reststed 21.096 1.6?4,.122 1,921.-I62 'roTAL CARRI.L) TrORM'AR 270.146 37.645 1.582.255 1.¥90.046 FIXED A&%ET INVESTMENTS Listed iIiVC51min15 qARKET VALUE Al l April 2112.1 A(IdiiiLins l)isrK)%als Re*alualion8 759.225 255.0•1 11411.44? 62.UJ14 Ai 31 March 2024 927.888 ET BOOK I'ALUE Al .1 l Mar¢h 2n24 927.888 At 31 Marih 2023 759,225 There were no iiiveslmeiil assels outsid¢ the UK. Pagc 15 oiitinurd...
ANTHOXY GI.LL S(H()OL FOLThDATION NOTES TO THE FI.NAhCIAL T ATEIllF.NTS- coniinued FOR THF I'EAR F.NfJED 31 March 2024 io. INVESTME.NT PROPERTY AIR VAI.UE .4t 1 .4pril ?023 tld 31 Mar¢h 2024 1,000,000 NET BOOK V ALUE Ai 31 March 2024 I,001),o(x) At 31 MarLlI 2023 i.000.ouo rdir value ai 11 March 2024 is r¢pr¢sentL.d by: Valuotion in 2023 I,000,00 Inyestineni propeny w'as volued on an open marka basis on i l Mah 2024 by ihe itusiees. If inv¢strncni prop¥ny had not be¢D revalued li have been included al Ih¢ follolI1g historicol cost- Cost £nil £nil DTr.B'I'ORS: AMOLN'I'S Tr AI,I.IYG DL Tr: wi'fHIN Olifr: Yfr.AR 31.3.24 31..1.23 Tradc dcbtors Oiher dLbtors 22,210 1.272 19,(?67 1.2.19 ?3.482 2n.9n6 12. CRTr,I)I'I'ORS., AMOLINI-S fr"ALI.IYG DUTr" II'ITHIN OliF. YTr:AR il.3.24 31.3.23 oih¢r credilw5 8.771 5,58.1 Page 16 coiitijiued...
AN,THnNY GELL SCHOOL FoLATIoN NO"I E TO THE PINAN"CIAL STATEMENTS - continueil FOR THE I'EAR ENI)ED 31 March 2024 13. 111()VEMEYT IY FUNDS Nei mvvLment in funds At At 1.4.2.1 Lnrestr5cled fndS CJ¢neral lun(I 270.146 49.077 319.223 Restricted funds Special Needs F'uiid Ari Equipm¢ni EJILrsary Fricnd4 1)f Anthony Cjell Sehool Outdiii)r cdueaiion ArLhiN"LS Sport4 I lall b loor Sponingt aitivilj lund Youn¥ Fulures Fund 76? 150 76? 150 18.812 3.697 l.l(bO ?55 8?9 2.392 16.047 829 2,392 23.571 7,529 37.645 11.226 48,871 Endowment funds P¢nnJi)Llll Eiidowmcni ,582.255 62.084 1.644,139 TO'I'AI. TrufsDS I,II¢X).046 122.387 2.012.433 N¢1 nv)vcmeni in funds. included in the above are ¥s folloivs.. In¢oming reaourc¢% R¢5ourc¢s exp¢nd¢d Gains and Mciv¢nK'ni in funds LnrLpStrlcted fundi G¢n¢Tal fund 101.494 (52.4171 49,077 Re$trlcled fund Fricnds 1)I' AnihiTrny Gell School Young Putures Fund 5.354 19.462 11.657) 111.9331 3,697 7.5*9 24.816 113,5901 11,226 End(Jivmeni lunds Perniancnt F.ndowment 62.084 62,084 'IOTAI. TrUI%DS 116.310 {66.(K171 62.084 12?.387 Pag¢ 17 coiitinued...
AliTHUNY GELL SC"HOOL FO T)ATION NO'I'E 'ro-rHF. FIN.ANCIAL TATE.IIENT FOR THF. I'FAR F.NDF.I) 31 March 20)4 - continue41 13. 14qON'EME.YT I.Y FU.YDS- continued Comp#ratli'es for nVement In funds Ptior yeai adjusii]Knl Nei trn¥'¥ment in (unds At 31.3.2.7 -41 1.4.?? nrt5tTlCted fund$ Glncral ftITid •75.944 15.7981 70.146 Rtsirlcied Special N¢ids F"und Art Equipi)K'i)i Bursary Friends of Anthony Gell SLhool Outdoor ¢ducation Arcliii'es Sports Ilall Floor Sporiing aciiviiy fund Yoiiiig fuiures Fund 762 150 14.1)08 762 150 507 I,iou ?55 8?9 8?9 16.042 16.04? 21.1)96 16.549 37.645 Endoil'ment funds ?Lm)iineni F.'niloivinent 624.122 i.000.(KJO 141.0671 1,5X2.255 TO'I'AL Tr'UNDS 971.362 1.000.000 131.3161 I.X90.U46 Ctsmp&ifdlivc rJ¥t nKv¥m¢ni iii fvnds. irKlud¢d in th¢ aboY(' follows: Incoming resuurces ResouT¢¢$ cxpcnded Ciains aT MoN'emeni in fund% Unrtsirlcted funds CicneTal lund 80,916 186.714) 15.798) Rc5trlLted fund5 FriLtJd% of Ajifhony (iell Schvul Y(>unb Fuiur¢5 Fund 14.01fi) f 07 16,042 ?0.734 14.185) 16,549 fr"ndowmi'nt fund5 P¢nncineni F.ndowment {4?,067) (42.067) T()TAL FUfDS 101,650 190,8991 142.0671 131,3161 Page IX coiilinued...
ANThONY GELL SC'HOOL FO I)ATION NOTE TO "I"HE FI.N.4h'CIAL STATE,MENTS- coniinu FOR THF. I'EAR F.NDF.D 31 March 2024 14. RELATED PARTY DISCLOSURES Th¥re We no r¢lat¢d parry transactions for the yvar ended.1 l March ?0?4. 15. PERlA'EYT END01..EliT FLYD The P¢Tmanent EndowThent Fu>MI is apportioned as follo5 &s ai 31 March 2024.. Unapplied ioial reDJm at l April 2004 as agrc¢d by th¢ ChaTit)' Con)mission ?29.A•5 Add.. Realiqcd gain on 1¢ ol'laNI ai CdnteTbury TeTratc in Yffi. 31 March 2010 Add.. IlnTLali£¢d gain%.'Iloss¢sl on in%'estrnent- To 31 llarLh 21J22 Year ¢nJ¢d 31 March 2U23 Add.. Unrealigcd gains on in%'esimeni propert).. To 31 MJT¢h 10?3 Add.. Unrealis¢d gains on ii)I'esln]enls- I'v 31 Marih 2024 Less.. Realised gains on jnvcslnl- To I l Mareh 2024 45.722 337.46) 1.000.000 11,2951 Unupplied Total r¢turn as at .1 l March 2024 1,61.1.02CI Balance of F.ndowTheni fund deend io be origin81 value ofihe git) 1,644,339 Pagc 19
ANTHOXY G. LL SCHOOL FOLThDATION DETAILF_D S"I-A"I"EMENT OF FIN..4NC.IAL AcfiviTIES OR THE I'EAR F.NDED 31 March 2024 il.3.24 31.3.23 INCOME,1D ENDOWMENTS DonAtions and legacies Donktions and giants Gift aid ?4.044 77? 19.995 739 24.816 20.734 Invc'slmLiiit Income 19,280 6CI,782 15.2Y3 69 14.832 52.814 PilLh inLI)m¢ ()thLr fixLd as%LI invest- Fll t)epo%it accounl interesi 92 101.424 80.916 OthL'r income Other in¢otn 70 TntAI Inethming re5fjurce$ 120.110 101.(150 EXPEh'DITURE R21$lng dunatlons liid l¢%fi¢les Insurai)Le 897 774 Charitkble A¢ilvStles Anihi)ny Cicll S¢-h(M)I Yoiing Fulurc% Pun(I 47,304 1.933 84.756 169 5Y,237 84,Y25 Support costs CNoYernan¢e costs Avditvrs, rcmuncTdiion for non audit w.ork Se¢Tetarial fecs 1,200 4,673 9UO 4.-300 5,873 5.20U 'I'olal rewurc¢s expended 66,IKJ7 90,899 Iyel income 60.303 10.751 Thib page do¢s noi forni pan ofthe staiuiory financial Slemen Page 20