REGL%fERED CHARITY NUMBER: $27178 LL Mills & B]xk 141-145 Dale Road Madock DE4 3LU
ELL DATION OF THE FINANCtAL ED 31 March 2025 Report of the T I to 9 tndependent Examin&s Repjrt 10 Statemert of FiDaDcial ActivitKs Balance Sheet 12 No*s to the Financial Statemthts 13 to 18 Detsiled Ststernt of Financial Artivilies 19
ANTHONY GELL scHL FO REPORT OF THE TRUSTEES 31 March 2025 The tN5tees presem liieir report with the fintncial 5tatrments of the cbarity for th¢ year eThled 31 March 2025. The trustees have adopted tht provisions of Acuyjnting alld R¢w)rtin8 by Charities: Statement of Recommended Practice applicable to Charities preparing their accou ÈD accord with the Finan¢i81 R¢porting Standard applicable in the UK aDd Republic of Ireland (FRS 102) (effectiv¢ l 2019). ORIECTS OF THE CHARtTY. PRINCIPAL AcfiviTIES AND ORGANISATION OF OUR WORK The objectives of the Charity. whi¢h fonj) the basis of OurallocatlLK of expendable ue: l). Tr provision of itsnN servi¢e5 facilittos at Anthony G¢ll ScTr¥Jol. 2). The promotion of the education of p¢rscrfLS who are in of financial assistan in the followin8 order of priorily: a) F¢rsons are attending the school. b) persons who have at any tim¢ attended the 8dKl. tnd c) persons underthe ag¢ o(25 Tesident in th Parith of WiTkswrf and the surrounding villages. OWECTIVES AND A[vITIEs OPJECTIVES FOR THE YEAR The Charity hos Continu to cw out 8ctiviti&s in pursuit of the above objectives and the achievements ond p¢rf0rnw during the year are detailwj b¢]ow. This is principAIty canied out through the making of grants io meet specific requests which add value to the vJu¢ation and well1n8 of the students directly or indirectly. It i& tmport8nt to notc that our h¢lp to school is for additionality in education provision and smices not for core fundin& The on8oin8 objectives for the Foundation year•On•ye4r ar¢ w ¢ontI lo $ppOrt the Scbool aDd those relllted to It i accordance with the overall ¢)bj¢¢¢iv¢s srad aiK)ve. In order to have the av8ilable furNls to provide the above. the seek to WO within an approved budgt¢ 8nd ¢0: . - maxSnbige the retirn ol fiMDrlAI InveJlmeDts htld in accorda1 with ow Ethical Inv¢$thJent Policy - maxlmhe the reycnue recelved through a¢tivili rel8tin8 the of the Foundation's facilitieslland - maiDtain the P1¢414 of the F(xmdation bcrth ID order to provide the besL oppoffujuty for iticome 8¢ttntio and also to mitigat¢ risks relating to wear and tear ¢lc
ANfHONY GELL SCH(X)L FOUNDATION REPORT OF THE TR TEES E YEAR ENDED 31 March 2025 ACHIEVEMENf AND PERFORMANCE Core actlvitle8 Th¢ Foundion Ims contitwed to SUPE the School. its stsknknts and ex4ttMknts through a prorn of small grants as Tequc5ted by the School and approved by th¢ FOUnd'S n)eetirtgs. In the ¢UTrent year & provision was made for w) to £25,¢XM) to be made availabk for this pwp)se. G7ants tctslling £19214 were whith fail into five rnain categories.. - IndlYlduAI Student Support: This is SLw)Eti to atte4MI Varic OD and offampu8 event& Total 8UPNYt - £i.100. . Small groups: SUp&tIng initiatives atyl aaiviiies •herts wthk together in groups. Total slip1- £nil in t ¢urrent year. - Sehool frultlu: Funding progra which #ddreL8 Stwiert nee4]3 withill spxific facu]ties and curriculum areas. Tots] St- £&406. . Whole School Projetts: Funding a¢tiviti 151]s and infrastn which Provide 8eneral benefit aeross School 85 a whol¢. Tothi supN)rt- £8,408 - Wlder eomNllDity.' Providing grants ty fiJDd the deve]opmeni and fina781 wistaDce of youn8 p1¢ And groups withinthe wider Wilksworth area. Totsl supwt- £1.3CK) ill the cunent yeu. John Thothwon Bursary: In 2024.2025. the tywes ¢th)tirtued a bw5llry iu memory of John Thompson. forrner Chair of Trust¢¢s. Thig wi51 form part of the FndatiOn'S ce activiiies in yeor8. TotaL support - £2.360 in the current year. - Restrl¢ted Incot Through the generosity of our SLWrter& the FO]0 ¢urrently hold% sevm funds 1¢h are sleted to spe¢ifl¢ arw of work LUKkT the terms of thcir donation. These we.. o Speclal Need$ & AcclbIll. The rcmkiw balan is £388. o Art Equlpmettt burmry. £150. o Arthives: £1,255. o Sports Hg11.. Surplus funds rnised towa3 the IVatsOn ot Ihe Spwts Hall tloor held to fimd fityther improve1nents1CIor1o8 10¢18 w the si$ H411. The Ttmainin8 bttlance 15 £829. o SportlnK actlvltle•'. £2,392. A donation from the Wirksworth & Distrirt Swjtts Group represenilng the balance of its nds on ¢ing its activities. Th¢ request is that this should be "spent to develop or support yportin8 &Ctivitie$ 4$ thought best by the Foundation.. o Specifheally fDr the School: £578. Durtng the year 2023-2024 th¢ Old Wirkswothians Asxociation ¢108ed as or8anisation and traLsferred the remainlng of their funds to the Foundation. The money is to be spent in with the Old WirkMthaD< own objed4 narnety to benefit Anth Gell School. Artifial TurfPitch On Foundalion land is an a]l-weather full•sized tklIt sports pitch. tQ8¢ther with 8 54-side pil¢h and ¢han8in8 rooms. These are used by IKJth the S¢hiN)1 ond the wid¢T community. Community us¢ of the pitches generates rental income whi¢h 1$ colleaed by Freedom L£i$ure Lt4 who handle the Imyokings fmm the Exisure Centre, and this is handed on to th¢ foundAtion re8ular]y. The re¢eipts are treated as income held by the Foundation designed principally to address the M&tntellCc and eventual SUrfe rellew of the pitches. The receipts in this year totsilul £60.866 (2023-24, £66.782). Usage of the artificial turf pitchts is estimat1 to have been over 39.(W PIC in the year to 31 March 2025. which dernonstraies the eotitinuing opportunity they provide ftjr the wblic &5 well as the Sch1 for ¢xercise. h¢8ftty w¢lkbehng and enjoyment Envirollm¢tstal 4rJd IndsCape Impn>v¢ments Works continued through the year to maintsin the cnvircrtmw wi8]ly p¢rirttw areas ow]ed by the Foundation. This included MainteCe of arw of and shrub51tree3 as well as p]antiDg around the car parks and pitches. On retirement of the current contractor a new COntr10T Iw now bwi upw)inted with from 1st April 2025. to be reviewed •ft¢r a period of 3 y[5. in1Ve pTr species which is hard to er*li¢ote. The F0uJthi - in its prOgTarnTh of control and eradication . is cotmimiing to se¢k tt) follow th¢ Fyevailing be5t.wxtice as a cutod1 of the envir(mment and the people who intera with IL and will review this apprnh am]ually.
NTHONY ELL SCH(M)L FOUNDATION REPORT OF THE TRU FOR THE YEAR ENDED 31 March 2025 ACHIEVEMEwf AND PERFORMANCE Land adJ2eent to Brnoktands Avenve The bave worked in conjunction with the DttbysbÉtt Wildlife TnL%t and its pArtner agency, Bnvironmental Land Matwent SoltMi(ms (ELMS). to imFrfove flO¢)dManageTrrt on the )ower reaches of F(wndation bounded by the Honnage Brook. The wwk5 were completed just before Faster 2025. Swimrnlng Pool A local charitable trusl w&8 estsblished to the Pool and over the trom Dttbyshire L)aies Distri Couwil. 'The Foundation is ]Andksrd attd the TnL W&8 &$Yid the le by the Council frotn April 2012. The lease until 2079 and th¢ Tnw Te¢¢1V 0going wpport from Wilkswonb Town Counci]. There were no specific a¢lion$ by Foundaiion in reiatir)n to the swim8 p)ol in the current year. The Communlty Sport And ixiwre Cent Th¢ Wirksworth Cet)tre w&% OExned in janu 2(KKI at a cost of £1.3 millio14 a wt of vthich w85 cOntrib¢d from the FounthoTr The Foundation h&8 made Subsequent 1)ut1 towards the inwovellwnt and upkeep of the facility. The Leisure Centre ¢onthiue$ to be of w benefit and popularity for the School and the tr community with the old School Gym being part of the facilities offered. The F(NJnd81ion granted a I18 lew to DDDC in 1999 until 2079. The rent from DDDC is subj¢rt to review * 5 yearty intervats (the next review b¢in8 now due in 2028) in line with the retail pri¢e index. The Foundation reccivcd £17,737 from DDDC as rent in the current year. In 2016, DDDC decided to ontract out their L4iswe Servic&s to a m8Dw w by Sununer 2018. Th¢ ¢urr¢nt Matement $tsw¢tiir¢, under Fr¢tdom lisur¢ Lid c4me into effecl on Is¢ August 2018. Effe¢tlve lntegrntl( of other sports fxilities on the same site is maintatntil ond appropriatr arrements and hirn rates for the hiring of the Pitth4 gre aLwed througb aDnual wiew procw involvn4 FouDdatioJL th¢ School and Trreedom Leisure. Unadopted Jectlon of CAnterbury Ttrrnce Th¢ Foundation is th¢ r¢gistered owner of the roadwlly At the 50Utkn end of Canttlbury Terrnce in Wtrksworth. The Trnstees relllise tha¢ whilst the ownership of this knd ha5 no dirw¢ brneficiai PUTP05r to the Charity. they must 5cck to maintain the roadway to an acceptable stsndard. The Tnjstees continue to ¢st8blith and maintain gord l¢vels of ommunication with the adjoining 6 trw)Ug¢holde with ixc with S¢v¢m'fTent W8ter (S'IIV). as stskeholder8 and to f•Jdress repairs as necessary. Consideration is beiD8 given to undertski08 further WO to the Foundation Ded area ofthe terr¢ and ¢0 estsblAshin8 a regular progtanjme of review ¥tKI m4intenJnce going forwJr(L Gift Aid The Foundation abk to Txov¢r irKonx tsx (o) donions made the HMRC Gift Ald Scheme. Th18 Is handled by the Gell Fri¢ThJs who have ideMifi¢d £850 as CoverSb7¢ winst the ¢urrent y$ don103. Young Futurts Fulld The Young Fuillyes Fund wa5 luunch¢d in 0 2022. in memory of a fonrKr student at the s]. It raise5 money to fimd th¢ additional wellbeing need5 of students suffering from mental ill health. These altiOnal activities managed through the School. AGSF holds the Young fubjres Fund and a report on artivty and progrew 1$ brought to ¢&ch trustees meetin& In the year to 31 Mar¢]) 2025 £15.349 w&8 rniwj and £30.354 expended by the Young Futstyes Fun benefiling approximats]y 110 sthts.The Fund balance at 31 March 2025 was £8a66. AcademitIOn of Antkolly Gell Scbool The academisation of the Sch)1, &8 a part ofthe Fmb9rk tk place ill AW 2023. Buildings and L4nd on Fo]datIOn property ar¢ the sllbje of a lee between Embark and the Foundation. Satisfactory governance and operational aTrangemeDts have be£0 agre&l with Embark and the SLool. In accordance with charity legislatio the Foundation seeks to dxlaTE a fair valU10n for Buildings and Land. The trustees are currentty engaged iD a pryK¢ss to agree an apEPr1ate meth(Mlolo8y for valuing Invesknent Propety goitig forward. As this pri)cess h&$ not y¢t E¢ell complete& the valuation to be included in the 31 March 2025 Fit)atteial Ststements will rEmaiD for one more year at £l.(KKI.(KKJ. &8 st&t¢d in the Land Re Swnmary of Tide (17th Octob 2013).
ANfHONY GEtL SCH(X)L F ATION REPORT OF THE TRUSTEES ACHIEVEMENT AND PERFORMANCE Ethical Investnhent Poliey and Approaeh Th¢ Foundation reviewed wev10$ invaslmfflt aThJ dhical FK)lici¢s in 2024 with help of an independent advisor. OveTall, the TnLSt¢¢s ar¢ satisfKd that the existing investments are scyjnd and med the Fouttdation poliey. However. fiyther work is being uthAertoken includmg Col#tiM with students at the h0o7 are the ultiuwte beneficiaries of the charity. It ts Itallt for the F0Utthi to adoFrt an ethical stsnce on mattffl5 of finwjcial inves1m. As the Foundation's beneficiaries are mainly yOLm8 people who attend the School. this rneat a]1 sllthnts have an interest in our inves¢m¢nt policy (as do paThts al donorsA both in fioon¢ial a1 ¢thic41481* The Troundation decided io have 8 clear, snnple Ixrt flex11¢ apwoxh on the fol]OWiD8 line5: We l¢luded that we should . avoidnirnit 8r¢&s sucb as tobaccolv8pin& armarnents. alcohol, lWhY and gambling . 8eek to invest in ren¢w8bk energies rather than f11 fuels in the light of wwillg global concerns over the imi)i¢ts of clirnate change - fAvour portfolios including comparries with recLY& in ernployec and customw rekntiOD4 collsErvatioD of the enviriX)m¢nt and their dealings in countri&s where they operate. When inv¢stin8 we 8sk to see Ethical NJli¢y statements and wnmitments so that we can mak¢ an infornxd jud8¢meN and seek reagsur8rtce.
AKfHONY GELL SCHOOL FoifNDATION REPORT OF THE TRUSTEES R THE YEAR ENDED 31 MaTth 2025 ACHIEVEMENT AND PERFORMANCE Inves¢ub¢n¢ Strntegy Our long-tertn strategy is: o A cornbination of ¢quitie5 and fixed interest fid8 Anv&sted in oth to redll¢¢ the oveT811 risk. o InvesttDent portfolios should b¢ Intenjaiional (nol just British cLxnpan1 with overseas interell) porticuiarly in th¢ US. o Avoid the need to Ym¢ tune, the acbjal invests The Chair and Vice-chair may rnodify the b4lanc¢ of investrn¢nts. having tsken financial advic o Inv&stments should either be with one major maDa8er or a of small manw. l])is is to ensure long terni security and fraud prevention. o It is iMportt that fund char8e$ Ore low. o The income the letting of th¢ pitches could kn deemed to be hypOthted fi)r fitture surface replacemern& and such an expectstion may exist that it is wed in this y. Neverth¢le4 lega] advice is that it is not locked into pitch maintenance ond upkw. Th% revenue from pitch bire sljould be n)on] an4 tf there are any excess these could be US e]sewh¢re or added io investments. At 31st Mah 2025. ow inve8kneJts were valued at - COIF Ethical Investmtnt Fund - £348,756. COIF Fixed Inwest Fund - £61.875. Epworth Global llity Fund _ £34.986. Epw(rth UK Equty Fuud - £282,107. Scknroder Sustainable Bond Fund. £215,066. FUTURE PLANS spending Strategies. Given these cc)slrnints, the foundion will: . continue io operate a¢¢ordin8 to our charitable objects and, within the apFYoved be( to provid¢ fundin8 to the School and those relatsd to IL This is the FodatIon.9 T¢ T<tivity. - S]ne to review and develop our Investsnenl Strategy w provide th¢ b¢st return whilm s&ft8uardln8 the Foundadott's assets in a prnthnt manner and ac¢in8 in the best intsrcsts of th¢ir in¢ficiaTie AdditiOnAI future plans are.. - To continue io Work with Freedom Ixisure Ltd in order to prnvide the bett f1111]¢$ possible to the Sch1 and other users whilst also m&ximising the revenue available to the Troundation for its cue activity. - To conilnue our work with the residents ofcanthwy Terrac4 tc and STW towards a viable plan for the fvture of th¢ land which is to the bBnefit of a]1. . The Foundation i4 ID the pn)$ of carrytiig a tree survey Twhicb will be ciYnbine41 with the school'5 Sry to ¢Ure effective mana8em¢n¢ and mitigate any risks . To Work with the Eccleybourne Valley Railw4y to ¢]wify the bMdAry belween EVR foUndlOn property- To continue to suppxt the developrncnl of the Youn8 Futures Fund as appropriate. . To cxplore fitnher the investmeDI options that FYOVKk an appropriate response to Tisks re18t¢d ty Climate thn8 having regard for the interests of kry stsk¢holders. .To rdise the pr¢)fik of the Foundation in order that it ¢an ¢ffe¢tively w out its objectives -To look atth¢ potential to ¢arry out a major capitsl projert in 202516 initially by way of a fras1]lity prDjecL FINANCIAL REVIEW Re8ernes poliey year an amount which when 4ljw5ted for int]ation ttKy b¢liev4 be sustained into the indefinite fubjre by their capi¢al resourt. They will however make provision within that arnOu for tUre expendithre and contin8encies which they believe should be spread over more than one year. They have &c¢ordingty set aside £408.573 ai the year-end of pllst income which reDlt uwt 31 March 2025 a5 a reserve. Its principal purpjse is to facilitate ren¢wal of sports f#¢llities at the school which will probably be rrquired again in the fithjre and which it may not be possible to fund Ily from other M)UTres. Cbrlty PrOrty Charity Propety is defitted in the SchenK as ar building5 at wISWo in the County of DETbyshir¢, being the Antbony Gell School and its playing field* The land i% v&8ted in the Offifjial Custodian for Charities by virtue of the Scheme approved by Her Majety in Council rn 13 May 1887 atKI all order of the ChaTity Commi&8ion of 26 April 1927 as affect1 by the provisions of the CIwttie5 1960. Ckn laDd boldingwas reWsted with the tand Resty in 2013. There do not appear ally tnoT¢ 0p¢ to diwse of PYLWty.
ANTHONY GEIL SCH(X)L FOUNDATION REPORT OF IHE TRUSTEES FINANCIAL REVIEW Finath¢il Revlew The Statement of Financi21 Activities shows ne¢ Unres activities of £55,513 before transfers and nrt ¢xpendTttre on restricted artiViti is £14.944 befLYe trdnsfers. The OrmanC¢ of the sto¢k markd has s1¢¢ increased sin¢e 31103f2024, Jrsultin8 in all unre4li5vJ gain of £14.W2 as at 31103r2025. The net effect of th15 IJ a surplus on the Incom¢ and Ex[1 A¢¢ount of £55,471. The overall fijnding for the year is 2.75Wo higher than the previo ye4r. At the end of the year, unTestriLted filluly totai £374,646, whith is sufficithi lo SUort the inleMentIOn of the charl5 objects for the foreseeable fikn. Tot1 retirn order AS previously rOrte& we revicwcd our firLallcio1 And investmeni strate8y aftd t81 retum approach to investtnellt wbich was approved by the Chority Comrnission who made an order dated 27 July 2006. This was subjert to.. l) us ¢i)nfinning our intiial value to be all¢xad to the Tn which wc st8trd was £229.825, being th¢ 4djuyt¢d balance theet value ai l A11 2(YM' and . 2) clarification iu respea of the firtur¢ Treaty of the prom of the Clwity. which comprise5 land ond buildings at the Anthony Gell School" we gave details of property which had been sold since 1996 wjd indicated that the rernainin8 property being given a Nil value because it is needed ftr the th001's operation. - 3) we have red OUT p¢rwitsge for allocation to the TDJst for applicalicm {incomc) armudly at 5% initially and that continue5 Ut this Stage. Wc have continued the allwition for the Spending Plan on advice frcrfn our Financial Adviser. We have again received wular re$ ga advi¢¢ from our F(nan¢ial Adviser who has monitored and advised about our invcstneni$ iti relotion to their value and c&8h r¢s¢rv¢& W¢ bAv¢ r¢ass¢ss¢d r¢tsined th¢ Bpworth and COIF investments. STRucfuRE, GOVERNANCE AtYD MANAG£M£N'I' Governing document The charity is controlled by its 8overning a deed of trwt a1 Constitstes on unInted Gh4rity. Thc Charity way originally egtsblish¢d by 8 Scbeme dated 28 June 1910. A now Scheme was approved by the Charity Commission took effect on 25 May 2fAI5. Govermttte There have been some changes to the trustrr8 of the FouDdatiOD durin8 the Financial Ye4r with Cathy Cook¢ steppin8 down 8 tnL8tee in November 2024 atl¢r rnY year5 of servic¢. StrLe was replac•1 as Chaty ty Simon Hobb8 and as a irnstee by Sarah Bu]nShaw. Trnstees Th¢ current Sch¢me allows for 7 Tnle¢s, CompmingoF. 2 momlnted Trnitets: . (kne by His Majesty's Justices of the Peace for the County of DthbythirE: Ctrndy Chris Whillall. . One by the Lord Lieunant of D¢Y$hiTe.' currently Simon Hob 5 etropted Trurtees: These are ¢urTentty: Debi HedderwicK Lee Shake3peaTr. AIisoD F(w Adatn Lathkny and Sarah Burkinthw. All Tne¢S are appointed fOrtern of 4 years wilh no limil as to how often tIKy may rw)win
ANTHONY GELL SCH UNDAnON REPORT OF T1 TRUSTEES FOR THE YEAR END STRucfuRE, GOVERNANCE AND MANAGEMEIYT School goverDlni body represeDtailveA There ale euttentiy 2 Governing b(wJy reIxNotstiV in noTrY]ng capacities at our mtttin8s. They are Malcolm Kelly (He4dteacher) and Anni¢ Ne150D (Governor). Try8te¢ reThMnerAdon None of th Tntste¢s received any remuniton for their 5¢ry1 duTiU¥ the year. The amowit of expens reimbursed wa3 £nil in 2024-25 for travel costs to OUT Financial Adviser (£nil in 223-24}. Operational ]mn8gem¢nt Hugo Lane serves As Se¢retsry. on 8 Ye[flOYed bHsi& The pMt eA)vers 3 ptincipal oreas of responsibilty.. administrative nuintsilling financi rec4xds and su)rt to ]rthi tru5tee5 by undeth8 delegated duties on the5r beha]f iti th¢ir respe¢tive ar of resF)nsiThility. LegAI adv1¢¢ Glenn McCl¢nagb8n frorn Detyshiff t4ai SctViC¢5 contiDUe8 to provide the TTUStee3 with excellent and wund advi¢¢. Flnaneknl ind InYe4tswMt •dvke Pew Jotws supports the w<fk of th¢ Tnte¢s by VIsiti OD pnKkn4 rrmuneTative and ethical strategies for investtnent of the Foundation's fmancial assets. Gell Frltttdy AnDa Brisiow attends iti an 8dvis(ry plty. with p4rtiwtsrTewd to the I1vItie9 of Gell Friend8. ExAmlDatlon of the aDnual Flnttcig1 St¢em¢nts of the Fo¥ndAtIoD Mills & Black Chartered Accountants were appoind to cxaminc lh¢ FlnWKi Staw)xm for a peri(Ki of 3 years until the completion of the frncIal year 2024- 2025. Related pArtI The ThJsteeg are required to dis¢lose transactio with related Iiarties. . Anthony Gell School might b¢ ¢on$ider¢d a relthj party by virtiK of 0¢Wyi the land which is the Foundution's principal cttdowrnenL For that reason it is dec]oYed all 8T4nts mad¢ by FouDdation have been paid to a related - Gell Friends. Gell Friendy wert establisljed tn 2013. This is Iylty a part of the Fndation but a 8eparate maDagement structsn with Similar objecrs (working for Frtertdship and Fwids to b¢n¢fit Anthony CJell S¢h(M)l). Current funds arnounted to £20,347 * the year-en¢ of Thith £18,358 iy held OD 31 MCh. within a special accouT]t in the Foundation's name for the use of Gell Friends in consultstion with truAees. We have agreed their constittition and exchanged a document on how we should wffk together for the l)ertefit ofsthool 4nd students. - Youn8 Futures Fund. The Young Futurcs Fund w&s &stablished dwing 2022 in memory of ex Gell sdent. It raises funds to support the mcntal health w]d welIbeiD8 of I( young people.The trnstees and the Fund have forn115ed working a8recment. The trustees can confirni that the rnised will be restri¢wl tr) th¢ of th¢ Fwd which fall within the Foundation's cljaritsble objerts. Rl8k ttInageeTrt The trustees have a duty to identify the rlsks to which the clwity is, or may be¢oll, exposed to ensure approwiate controls are in place to provide re&sonable rAnce ag4iwt and error. To this end the TnLStees review annually finwioj reylati¢)tys ¢overing y)li¢ies aj practi¢eg to be observed In order to protect th¢ assEts of the Foundation and to mitigate risks to which itmay IKcome expos& rneasures. &8 well &8 review ¢xisting to red¢ exp[¢. The truees are (lllrendy eJ]888ed in the establishment iyf a corpoth risk r¢gister. The Foundation renewed thetr Insu for TnLSt 4Dd TnLStee5 Liability. Public Liability (re: Prw OWDed) and Ixgal expww cover through Zurich Municipal for £1.124 (£897 in 2023-24).
TroNY GELL SCH(X)L FOUNDATION REPORT OF THE TRUSTEES FOR THE YUR ENDED 31 2025 STRUCTURE GOVERNANCE AND MANAGEMENr PUBLIC BENEFIT STATEMENT The Trustees confrm thaL under the tams of Sectiffl 17(5) of th¢ A¢t 2011. th¢y have ¢onJplied with their duty to have ts regard to the publi¢ benefit guidance 88 publish1 by Th¢ Chm Cornmission. Ilistorically. the Tnjstees have $ought to gIIPIXM1 the LM)re benefici8rie& Wbder the teTms of our charitabk objects, through grants to th¢ S¢lKx)l and individuals. Additionalty, ats bave been sold or le&qed to create a medical eentre. th¢ Lei$uTE Centre alld sports pitcbes all of whi¢h wis¢ tsot justthe cfft b¢TJeficiaries but the gTtaw public. During the year the Trnstees have provided charitable fundin& WKJeth in furth of their chorltable objecL% for the bet)efit of the public. REFERENCE AND ADMINISTRATIVE DETAIiS Reglstered Charity llutnber 527178 PriDtipal addre41 Wood Street Wirkswortb Derbyshire DE4 4DX Tr¥ite Cathy Cooke (Cljair) (resigned 25.11.24) Simon Hobbg (Chair) {a¥oointed 25.1124) Chris Whittall (Vice Chair) Debi Hedderwick l.ee Shakespoarn Aligon Foole Adam Lathbury Sarah Burkinshaw (apwintha 25.11.24) Independent Exmltt¢r l M Hayes FCA Mills & Bla¢k Derwent House 141-145 Dal• Road Mlock Dcrbyshire DE4 3LU Lloyd$ Compton Ashbowlle Derbyshire Legal advice Glenn McCla)agh&n Finillclal and Invertmettt dvi¢e Peter Jones
ANTHONY ELL SCHCM)L FOUNDATION FOR THE YEAR ENDED 31 March 2025 Approv by order of the ofInte¢S on ..... ......... . signed on its bchalf by. Simon Ilobbs- Tn
INDEPENDENT EXAMINER'S REPORT THE TRUSIEES OF NY GEtL SCHOOL TrDUNDATION Independent ¢yamltt¢rf$ report to the trntees of Anthotty Gell S¢hool Foundation I rort fo the chority trle¢S my exami0 of the acwmts of Anthony G¢ll S¢lKM)l F0wydatil {the Tnut) for the year ended 31 March 2025. Respomslbilitles and bw of report As the charity trustees of the Tn you a le foT the of the a1)unts in acci)rdance with the requiremert8 of the Chariti¢5 A 2011 Cthe Acfj. I report in respect of my ¢xAminAtion of the Tntsvs ac¢(xmtswried utth Section 145 of the Act and in canying out my examination I have followed all applicable Direai0ts8 given by the Charity Commiwion der S¢¢tion 145{5Xb) of the Ad. Ind¢pendent examlner's statemettt I have completed my cxamination. I thai DO m&erial matters have cane to my attention in connection with d ¢xamiDa¢ion giving me cause to believe thfit in ohy ttA81 Yew. acLountin8 records were not k¢pt in TW of the Trus¢ as required by Se4tion 13U ot'the Act. or the ac¢ounts do not attoTd with those records" LY the accounts do not comply with the applithk rtquiremats rnCernin8thc forni ond content of accounts Set ¢)Ut in th¢ Charities (Accounts and iiepns) R¢gulation$ 2(K)8 other than any requiren)en¢ that the aOunts give a ITr ond fair view which is not a malter Cidered aj part of on Indedent ¢xBminAtim. I have no concErns have come across no other m#tt¢T5 in connection Tth the examin&ion to which attention shou]d be drawn kti this reih)rt in OTder to ajable a PTOW underntandiD8 of the b re. l M H&yes FCA Mills & Black De27¥ent House 141-145 Dale Road Matlock r)erby5bire DE4 3LU Page io
NTHONY GEIL SCH(K)L F ATION STATEMENT OF FfNANCIAL AcrtVlTIE FOR THE YFAR ENDED 31 Marth 2025 31.325 31.324 Totsi Unrestricd Restricbl Endollent COME AND ENDOWMEprfs FROM Donations and legacies 20J88 20.388 24,816 98,852 98.852 101,424 70 Other income Totsl 98.852 20388 119,240 126,310 EXPENDITURE ON Raising fun(b 1,124 897 Charitsble fit1 Anthony Gell School Young Furure$ Fund 422J5 35,332 77,547 53.177 11.933 Total 43J39 35J32 78,671 tfj6,007 Nrt 8aiDg on investhnts 14.SM)2 14,902 62,084 NET INCOMEI(EXPENDITURE) 55.513 (14.944) 14,SY12 55,471 122,387 RECONCILIATION OF FUNDS Totsl funds brought forward 319,223 48,871 1.644J39 2,012,433 1.890.046 TOTAL FUNDS CARRIED FORWARD 374.736 33.927 A.659241 2.067.904 2.012.433 Pageil
ANTHONY GELL SCHfJ)L FOUNDATION BALANCE SHEEr 31 March 2025 31.325 31.3.24 Total FIXED ASSETS InY04tmets Investments IDve5ttnent propety 283,549 659241 I,,()0 942,790 I,[0.000 927,888 I,000,0) 10 283.549 1.659241 1.942.790 1.927.888 CURRE ASSETS Debtors 21.888 77.013 851 33,076 22,739 110.089 23,482 69.834 98,9)1 33,27 132.828 93J16 CRFDITOKS Amounts falling within 12 (7,714) (7,714) (8,771) NET CURRENT ASSETS 91,187 33,927 125,114 84,545 TOTAL ASSETS LE&S CURRENT LIABILITIES 374.736 33.927 1.659241 2.067.904 2.012.433 NET ASSETS 374,736 33.927 .659241 2.1167.904 2,012,433 FUNDS Unrestri¢ted fid$ Restrict funds Endowment fijnds: Penne¢nI Endowment 13 374,736 33.927 319.223 48.871 1.659241 1.644.339 TOTAL FUNDS 2.067,904 2.012.433 ciaj statemen*were opwovwl by the B(Mrd of Tr8¢$ and authori8ed for i8sue .. weve $i8ned on its behalf by: Simon Hobbs- Thte< Page 12
ANTHONY GEIL SCH(X)L FOUNDATION TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 March 2025 ACCOUNTING POLICIES BASIJ of prepariD% the Iln8nelal 8ttements The finw¢ial stst¢m¢nts of thc ¢h4rity, wthi¢h is a publi¢ bthefit tity undtr FRS 102. have beth pwared In a¢¢ordance with the Clwities SORP (FRS 102) 'Accoullting and Reporting by Clwities.. Ststement of Recommended Pra¢ti¢e applicabk to cbar5tie5 prepari their accounts in Cord with th¢ Financial Reportitig Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).. Financial Reporting Stand4Td 102 Tr Fin#n¢ial R¢pMtin8 SId8rd applirabl¢ iti the UK and R¢publi¢ of Irelan¢Y and the Charities Act 2011. The financial statements have bttn prepared undcr th¢ historical co Convention, with the excrytion of investnts which are included at market valu4 a5 nmjdifi by the revaluation Incorne All income is rwnised in the Stat¢mt of Financ1 Activities once the Chity ha5 ¢ntitleuMt to the fwth. it is probable that the inconJ¢ will be e1ved atml the amowll ¢an be meowrcd reliabty. Expendlt•re Liabilities are recognised as ¢X1th¢ w SO as there is a legal cOn¥truve obliglltion committing the chariry to that exp¢Tlture, it is prnbable that a transfer of e¢L)nomi¢ beneffts will be rtyuirnl in settlement and the gmount of the obligation can be meLwred reliabty. Expendittwe is acLounted for on an a¢eruals basis and h&8 been c1&89ified under heading5 thllt a8m all CO relthj to the eatsgory. Where Costs cannot be directly attributed to particular headings IIKY have been allocated to activities on a basis consistart with the u9¢ of resources. Invutmemt property Investment prop¢rty 18 strM)wn at mo recent Any a8Wte surylus or d¢ficlt arisin8 from ¢hanges In fair value iy reco8wsed in the staternffl of Financial Activities. TAzatlo• The charity is exempt tax oll its chllritsble 8Ctivitie Fund acrountlD8 UDrestricted fLmds can be used in acc{rd th¢ ¢h4ritsble objectives at the dis¢Mion ofthe trn8t8. Restricted fijndy can only be e0 for particularrestri(tsl Purposes withiJJ the obje¢ts of the ctrlarity. Restriction8 arise when wifi¢d by the (k)nor (r when fiuKb are raised for partiCur restricted purp)se$. Furth¢r ¢xp]8nation of th¢ nature and of ¢a¢h fvDd is included in the notes to the financial 8ta*meDts. DONATIONS AND LEGACIFS 31.3.25 31.324 Dorw¢ions al 8T8nts Gift aid 19.538 850 772 20.388 24.816 Pag¢ 13 ntinued...
ANTHONY GELL SCH(K)L FOUNDATION NOTFS TO THE FINANCIAL STATEMENTS. conti March 2 INVESTMKNf INCOME 31.3.25 31J24 22.780 55,823 20.167 82 19,280 66.782 15293 Pitch income Cxh¢r fixed a55et inve5t- Fll tkwsit account intettst 98.852 101,424 RAISING FUNDS tslng don8tlows and lepeks 31.3.25 31.3.24 897 CHARITABLE AcrivlEs COSTS Supwrt costs (gee note 6) Anthony Gell h0o7 68.802 8.745 77,547 SUPPORT COSIS Govern8n¢e Anthony Gell School 8,745 TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees, reMerAtI or {her benefrts fLY the year ended 31 March 2025 nor for the year ended 31 March 224. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Endowment Total funds INCOME AND ENDOWMENTS FROM Donations Bnd legacies 24,816 24.816 101.424 70 101.424 70 Other in¢om¢ Totsl 101,494 24.816 126.310 Ch4rltsbk 4¢t5vldes Anthony G¢ll School Yoww Futures Fund 51.520 1.657 11.933 53.177 11,933 Page 14 continued..
ANTHONY GELL SCHCX)L FOtrNDATION ctAL STATEMENfs. continu COMPARATIVLS FOR ThE ATEmE OF FINANCIAL ACTIVITIES. continued Unr&stri¢ted Restricted E4Mlowment funds Totsl 52.417 13.5 66.LK17 N¢t gains on inveytments 62,084 62.084 NET INCOME 49.077 11226 62.084 122.387 RECONCILL4TION OF FUNDS Totsl funds brought fwward 270.146 37,645 1,582255 1,890,046 TOTAL FUNDS CARRIED FORWARD 319,223 48,871 1.644,339 2,012.433 FIXED ASSET INVESTME Listsd invesknents MARKET VALUE At l April 2024 Addition5 Disposals iievalu•tionJ 927,888 185.015 {185,015) 14.902 At 31 MaTch 2025 942,79XI NET BOOK VALUE At 31 March 2025 942,790 At 31 March 2024 927.888 TTrre were DO investtwtwets outside the U io. INVESTMENT PROPERTY FAIR VALUE At l April 2024 and 31 Mor¢h 2025 i.000.o NET BOOK VALUE At 31 MaTch 2025 I,000.ocrfJ At 31 March 21Y24 I,000,o Fairvalue at 31 March 2025 is [teseThted ty. Valuation ID 2023 I,0,0 Page 15 continueL..
ONY GELL SCHOOL FOUNDATION N(YfES TO THE FINANCIAL STATEMErs. continued FOR TIIE YEAK EWED 31 March 2025 INVESTMENf PROPERTY . eoAthIMed Jnve5thient propety wa8 valued on an (wi rnatht isis on 31 Marth 2025 by the trust If invesbneut pr(yerty I1 not been revaId it would knve included At the follown]g historical cost: 31.3.25 31.3.24 I I. DEFTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31J.25 31.3.24 Trae debtors Other debtors 21.388 .351 22210 1272 22,739 23,482 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.325 31.3.24 Other creditor5 7,714 8,77l 13. MOVEMENf IN FUNDS Net movement in funds At 31.325 At 1.4.24 UDre#tr1et fundi Genernl fund 319223 55.513 374.736 Reatrletsd S18] Needs Fund Art Equipment Bw5llry Friends of Anthony Gell Sdjool Outdoor education Archives Sports Hall Floor Sporting a¢tivity fimd Yo(uw Full¢$ Fut 762 130 1&812 (374) 388 1.535 (1,100) 20J47 1.255 829 2,392 23571 1255 829 2.392 8,566 (15,(K15) 48.871 (14.944) 33.927 Etsdowment tsnd8 1,644J39 14.902 1.659.241 TOTAL FUNDS 2.012.433 55.471 2.067.904 Page 16
ELL SCH(K)L FOUNDATION NOTES TO THE FINANCIAL STATEMENtS. CA)ntinued R 1HE YEAR ENDED 31 March 2025 13. MOVEMENT IN FUNDS- conthiued CoJDparative net movement in fimd& inc]j¢d in the 8bove are as follo. lllcoming Resourctt Gains and Movement resources expetyjed losses UnreJtrlc¢ed foDds General fimd 101,494 (32.417) 49,077 Rejtrleted hnd8 Friertd$ of Anthony Gell SclNJol Young FubJr¢8 Fund 5J54 19.462 (1.657) (11.933) 3.697 7.529 2A.816 (13.590) 11226 EDdowm¢nt tsnds Permanent EndowTneDt 62,084 62.084 TOTAL FUNDS 126JlO (66,W7) 62,084 122,387 14. RELATED PARTY DISCU)SURES There were N) relatsd pty tranSli0n5 for the yw ¢Dd¢d 31 March 2025. 15. PERMANENT ENDOWMENf FUND The penna Endowment Fund is &p10ed L8 follows &8 at 31 Mthrh 2025: Unappliedtotsl rekn at l April 2(MM 8$ by the Chwity Ccmissi 229.825 Add: ReAJis¢d gaiti on sth of ]and at Cantrrbwy Terr&e in y 31 March 2010 Add: Unrealised gaingllosses) on investsnI- To 31 Mah 222 Year ended 31 March 2023 Add: Unreali8ed gains on investrt prowty. To 31 Mah 2023 Add: Unre&lised gains on investments- To 31 March 2(124 [£88.. Reali8ed gains IM) investmrnt. To 31 March 2024 Add.. Unre&lised gains on investments- To 31 March 2025 Ixss.. Realised Vkns on An¥trnts. To 31 Match 2025 45.722 337,462 (42.067) 1,000,000 63,379 (1295) 136,893 (121.990) Unapplied total rettTh as Qt 31 MArch 2024 1.647,929 Balance of Endowmtht fund d¢¢med kn be original value of the gift IlJ12 1,659,241 Page 18
NY GELL ATION DETAILED F FNAN FOR THE YEAR ENDED 31 March 2025 31J25 31.3.24 INCOME AND ENDOWMENTS Donations and leg¢ies Donation5 and grants Gifi aid 19,538 850 24.044 772 20,388 24,816 Investment re¢eived Pitch income Other f]xed &4set inve5t- Fll Iwsit accounl int¢r¢s1 22.780 55,823 20,167 19,280 60.782 15.293 69 98.852 101,424 Other Ineome Other income 70 Totsl IncomAn8 resourtts 119240 126.310 EXPENDITURE Riblng donAtlon xlld kp¢l¢J insurance Ckn*ritsble 4rtivit1¢4 Anthony Gell Schr1 Young Futures Fund 38,448 30,354 47.304 11.933 68,802 59237 Support eo Covernanee costs Accountancy fee$ Secretarial fees txgal fees 1.050 3,945 3.750 1200 4.673 8,745 5,873 78.671 66,007 Net Income 40.569 60,303 This ge does not forni partof the 51atutory fiDanGia] slalwDeDts Page 19