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 Ststern￿t of Financial Artivilies 19 ANTHONY GELL scH￿L 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 8dK￿l. 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 well￿1n8 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 $￿ppOrt the Scbool aDd those relllted to It i accordance with the overall ¢)bj¢¢¢iv¢s sra*d aiK)ve. In order to have the av8ilable furNls to provide the above. the seek to WO￿ within an approved budgt¢ 8nd ¢0: . - maxSnbige the retirn ol fiMDrlAI InveJlmeDts htld in accorda1￿ with ow Ethical Inv¢$thJent Policy - maxlmhe the reycnue recelved through a¢tivili￿ rel8tin8 ￿ the of the Foundation's facilitieslland - maiDtain the P￿￿1¢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¢ Found*ion 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 off*ampu8 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 f*rultlu: Funding progra￿ which #ddreL8 Stwiert nee4]3 withill spxific facu]ties and curriculum areas. Tots] S￿￿t- £&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 fina￿781 wistaDce of youn8 p￿1¢ And groups withinthe wider Wilksworth area. Totsl supwt- £1.3CK) ill the cunent yeu. John Thothwon Bursary: In 2024.2025. the tyw*es ¢th)tirtued a bw5llry iu memory of John Thompson. forrner Chair of Trust¢¢s. Thig wi51 form part of the F￿ndatiOn'S c￿e activiiies in yeor8. TotaL support - £2.360 in the current year. - Restrl¢ted Inco￿t Through the generosity of our SLWrter& the FO￿￿]0￿ ¢urrently hold% sevm funds ￿1¢h are ￿s￿leted to spe¢ifl¢ arw of work LUKkT the terms of thcir donation. These we.. o Speclal Need$ & Acc￿lbIll￿. The rcmkiw balan￿ is £388. o Art Equlpmettt burmry. £150. o Arthives: £1,255. o Sports Hg11.. Surplus funds rnised towa￿3 the I￿VatsOn ot Ihe Spwts Hall tloor held to fimd fityther improve1nents1￿C￿Ior1o8 ￿10¢1￿8 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. Artif*ial TurfPitch On Foundalion land is an a]l-weather full•sized tk￿lIt 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$ure Lt4 who handle the Imyokings fmm the Exisure Centre, and this is handed on to th¢ foundAtion re8ular]y. The re¢eipts are treated as income held by the Foundation design￿ed principally to address the M&tntell￿Cc and eventual SUrf￿e rellew￿ of the pitches. The receipts in this year totsilul £60.866 (2023-24, £66.782). Usage of the artificial turf pitchts is estimat￿1 to have been over 39.(W ￿PIC in the year to 31 March 2025. which dernonstraies the eotitinuing opportunity they provide ftjr the wblic &5 well as the Sch￿1 for ¢xercise. h¢8ftty w¢lkbehng and enjoyment Envirollm¢tstal 4rJd I￿ndsCape Impn>v¢ments Works continued through the year to maintsin the cnvircrtmw wi8]ly p¢rirt*tw areas ow]ed by the Foundation. This included Mainte￿Ce of arw of ￿ and shrub51tree3 as well as p]antiDg around the car parks and pitches. On retirement of the current contractor a new COntr￿10T Iw now bwi upw)inted with from 1st April 2025. to be reviewed •ft¢r a period of 3 y￿[5. in￿1Ve pTr￿ species which is hard to er*li¢ote. The F0uJthi￿ - in its prOgTarnTh￿ of control and eradication . is cotmimiing to se¢k tt) follow th¢ Fyevailing be5t.wxtice as a cutod1￿ of the envir(mment and the people who intera with IL and will review this apprn￿h am]ually. NTHONY ELL SCH(M)L FOUNDATION REPORT OF THE TRU FOR THE YEAR ENDED 31 March 2025 ACHIEVEMEwf AND PERFORMANCE Land adJ2eent to Brnoktands Avenve The bave worked in conjunction with the DttbysbÉtt Wildlife TnL%t and its pArtner agency, Bnvironmental Land Matwent SoltMi(ms (ELMS). to imFrfove flO¢)dManageTr￿rt on the )ower reaches of F(wndation bounded by the Honnage Brook. The wwk5 were completed just before Faster 2025. Swimrnlng Pool A local charitable trusl w&8 estsblished to the Pool and over the trom Dttbyshire L)aies Distri Couwil. 'The Foundation is ]Andksrd attd the TnL￿ W&8 &$Yi￿d the le￿ by the Council frotn April 2012. The lease until 2079 and th¢ Tnw Te¢¢1V￿ 0￿going wpport from Wilkswonb Town Counci]. There were no specific a¢lion$ by Foundaiion in reiatir)n to the swim￿8 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 I￿18 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 Mat￿ement $tsw¢tiir¢, under Fr¢tdom l*isur¢ Lid c4me into effecl on Is¢ August 2018. Effe¢tlve lntegrntl(￿ of other sports fxilities on the same site is maintatntil ond appropriatr arr￿￿ements and hirn rates for the hiring of the Pitth4 gre aLwed througb aDnual wiew procw involvn4 FouDdatioJL th¢ School and Trreedom Leisure. Unadopted Jectlon of CAnterbury Ttrrnce Th¢ Foundation is th¢ r¢gistered owner of the roadwlly At the 50Utkn end of Canttlbury Terrnce in Wtrksworth. The Trnstees relllise tha¢ whilst the ownership of this knd ha5 no dirw¢ brneficiai PUTP05r to the Charity. they must 5cck to maintain the roadway to an acceptable stsndard. The Tnjstees continue to ¢st8blith and maintain gord l¢vels of ommunication with the adjoining 6 trw)Ug¢holde￿ with ixc with S¢v¢m'fTent W8ter (S'IIV). as stskeholder8 and to f•Jdress repairs as necessary. Consideration is beiD8 given to undertski08 further WO￿ to the Foundation D￿ed area ofthe terr￿¢ and ¢0 estsblAshin8 a regular progtanjme of review ¥tKI m4intenJnce going forwJr(L Gift Aid The Foundation ￿ abk to Txov¢r irKonx tsx (o) don*ions made the HMRC Gift Ald Scheme. Th18 Is handled by the Gell Fri¢ThJs who have ideMifi¢d £850 as ￿CoverSb7¢ winst the ¢urrent y*$ don￿10￿3. 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 a￿ltiOnal 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. Academi￿tIOn of Antkolly Gell Scbool The academisation of the Sch￿)1, &8 a part ofthe Fmb9rk t￿k place ill AW 2023. Buildings and L4nd on Fo￿]datIOn property ar¢ the sllbje￿ of a le￿e between Embark and the Foundation. Satisfactory governance and operational aTrangemeDts have be£0 agre&l with Embark and the SL*ool. In accordance with charity legislatio￿ the Foundation seeks to dxlaTE a fair valU￿10n for Buildings and Land. The trustees are currentty engaged iD a pryK¢ss to agree an apE￿Pr1ate 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 I￿￿tallt 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 a￿1 ¢thic41481* The Troundation decided io have 8 clear, snnple Ixrt flex1￿1¢ apwoxh on the fol]OWiD8 line5: We ￿l¢luded that we should . avoidnirnit 8r¢&s sucb as tobaccolv8pin& armarnents. alcohol, l￿WhY and gambling . 8eek to invest in ren¢w8bk energies rather than f￿11 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 fi￿d8 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 iMport￿t that fund char8e$ Ore low. o The income the letting of th¢ pitches could kn deemed to be hypOth￿￿ted 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 Ma￿h 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 found*ion will: . continue io operate a¢¢ordin8 to our charitable objects and, within the apFYoved b￿e( to provid¢ fundin8 to the School and those relatsd to IL This is the Fo￿datIon.9 ￿T¢ T