COWLEWS ENDOWED SCHOOLS FOUNDATION
CHARITY COMM18810N REGISTERED NO. 627291
FINANCIAL 8TATEMENT8
for the year end•d
31 March 2023

COWLEYS ENDOWED SCHOOLS FOUNDATION
Annual R•port
far the y•ar ended 31 March 2023
INDEX
L•gal #nd Admlnlthth Infomiatlon
21è4
Th11t￿l. Annu•l Report
Indyid8nt Ex8min•rS Rewl
SEaiemenl ol FlnarKlal AcUvlle8
Bglwc• Sh••t
1013
Notes to tho Fin•rKl•l Stat•m•n
14
Sehedule to th• Fin8n¢i81 Statem￿$

COWLEY'S ENDOWED SCHOOLS FOUNDATION
Logal qnd Admlnlstratlvg Infomiatlon
for th8 y•ar •ndod 31 March 2023
Cowlevs Endow•d School Foundatlon- Ragl8t•r•d Charfty No. 527291
R•pres•ntativ
Donlnpton P•rfsh ¢oun¢ll
Mr. J.R. Wrgy. The Northings.. Northorpe Road. Donlnglon. Spaldlng, PE114XY. {Cha6r}
Mr. S.P. Lovell, Beck Fam. Donlnglon Northorpe, Donin9ton, Spelding. PE114XY
Mr. R. MarshatL 88r& Ho(Èse Fam. Quadring Bank. Qusdring. Spalding. PE114RD
Mi$. E. Wray, Northorpe Farn. Donlwon, PE114XY
Lln¢olnshlr• County Coun¢ll
Mrs. J. King, 15 High Slreel, Doninglon, s￿￿11￿9, PE114SN. IAppolnl8d May 20211
Mr. J. Pearson, 90 Bl¢ker Road. Donlngton. Spaldlng. PE114XR. IRellred Decèmb&r 20211
rs. S. Thwold, 18 Northorpe Road, Donington. Spalthng, PE114XU. (Retired D￿mber 2021)
Cowoplatfv•
Mr. M. RolSln$on. 9 Blek•r Road, Doninglon. PE114XP. Ne•-Ch•lr>
fvlr8. J.C. Stanley, 45 Towndam Lane. Donlnglon, Spalthng, PE114TR
Mr. J. P••rson, 90 Blckar Road. DO￿n910￿. Spalding. PE114XR. IAppoint•*J Nov&mb•r 20211
Mr& S. Thorokl, la Northorp& RIMd, Donlnglon. Spalding, PE114XU. (Aponted Novemb•i 20211
Ex Ofll¢lo Govwnor
The Revd G P Robertson. Th• Rectt)ry. Churrh Lane. Swlne$heod. Boston. PE20 3HY. (Vic8T ol Doniruton)
MT. P.C. Slalgr. 12 Ma5In98 Lan•. Donlngion, SpaldiNJ, PE114XA. (Hlgh S¢hooil. (Appolnled July 2021)
Mr. R. Col•, 46 Quadflng Road, Donknglon, Spakling, PE114TD. (Prlmw Schoofj. IAppolnl&d July 2021)
Cl•rk to tho 9ov•mor•
Mr. P. Sk•118, Dembt&by House. 12 Broad St￿[ Spelthng, Llrrs. PE111ES.
B•nk•r•
Lloyds Bank Pl¢.. Hall Pl8ce, Spldhg, Uncs PE11 ISP.
8ollcltor•
Ch•tt•rton$, D•mbteby Hou6•, 12 Btoad str￿1, Spjldlng, Lln¢s, PE111ES.
Ind•p•nd•nt •￿MInor
Mr. KJ. M•ggs, BA., F.C.A. Ho•km•n Way, Spddiry. PE113HE.
Inv•stm•nt manag•rn
Money Minder Finandal S•Nlc•$ (UK) Umltod, The At• H￿8&, 418￿10n Rood, Stealord. NG34 7ER
Inv•stm•nt Sub-eomrnlttsg
Mr. R. Marshall
Mr. J.R. Wray
Mr. M. Rolllnson
Grant• Subtheommltt••
Mr. J. Peafson
Mrs. S. Thorold
Mrs. J. C. Stanley

COWLEYS ENDOWED SCHOOLS FOUNDATION
Tru8té•s' Annual R4port
for th• y•ar •ndèd 31 Mar¢h 2023
The trustees wewil the charrfys accounts aNI report for tho *)ded 31 Marth 2023.
Prlnclpal addr•
Tha wnclp•l addrn58 of the diArity Is Oembleby Hcw89. 12 Broad Streot, Spol¢*ny. LirK8, PE11 1ES.
Govwnlnq docum•nt
tharity 1$ govemed by a $chome made by the Minlgler of Educatlon under tha Charitsble Trusts Aci
1853 10 1925 soaled on 15 Augysl 1957. V4rl•a by 8 stheme $e*¢d 22 I)rll 1968, furthor varied ty a
8chem• of 10 M8y 1971, and amended on 14 Nmmber 2019.
Go¥•rnlng body
The btsdy ol govemor¥ of Ihe fO￿datiOn *h•ll. wth•n comFloto. conslst of nct18•8 than or mor• than
fowt••n persons mad• up JJ I￿lOW5,
Ono ex offlrAo Govemgr, tdng the Vlcar of Donlnglon,
No less than el8V8n or more than thlrt••n Representatlve Govemors. beln9 by tho Parlsh Councll of
Donlngl(Jn. by South HO￿and DS$ld¢l Council. one by knncolnshife CThJnty Councll. one ty thg
Gov•rnors of the ThDma• Cfft Hgh School. one byltte Gov•rMr6 of Iho Doningt(N) Cty*ley EndvNed
Prlmary School,
No th￿ thr•• nor moY• than fivo c￿aPtaI1¥• Gov•mors to b• appjnted by r•8Oluu￿ of th•
gov•rnor•.
County Councll w4•morn ghall b¢ •ppolnt•d for a term of offui. whllit oth•r r•Pr•8•ntaI￿ gov•mo
•hAM b& 8ppolnt¢d for a tern? DI thr•• ya•r8. •nd th• C¢)vOPtalfiw Govwnorn for 8 t•rm of flv• ￿•18,
9ovemors shall hold ordlnary tt Slatsd meeOng8 ai1&491 In ye•r. Thgrg shall qUOfUffl
when flve Govemors af& pre￿nI every matler Shall be delermlned by t￿ ma5orlly ol the Govèmom
tyesent aryj volkng on th• qu•sticffi.
Hè•d Mastern Tenur• And Offiaal R•*ldenco
Th? H08dmasler of Covleys SgGondary Sthool. Donlngton, shall thvell In the regidèncè. rfany. asslgngj
for him. The wcupalion and ofthe residfjnce and of any ather proF4rty of thg Foundati￿ occupled
by hlm as Headma81er sh•ll b• had by respect of hls official character and dulies. not a$
t•nant, •nd. rf ho Is remov•d from his offKe, he shall rellnqulsh 811 cwm to th• M4$tw$hp and bts fulur
emolLmènts, and $WI deliver ￿ poJs088irm of lh• rg$tdonc• and othor propgrty lo Ihe Govwrnr8. or ai
they direcl. He 8hall nol. ￿cept Mlh the pemil894on of th Gov•mor•, p•mil any pers(￿ not ￿Ing
member of hi$ fjmity lo occupy th• M5id8nc• of •ny part Ih•r•ol.
Nomlnees atterwj a IruAté•J moellng vthere Ihey are gI￿n 8n Inslghl Into how the ¢h•rfty operale8. Prlor to
nomlnalth, 811 candidates ore mado Awar• of the obE8¢1s ollhe charlly.
Tru8t•••
Durfng tho y•ar Mr P Slaior and Mr R Colè V•W• appointgj •$ naw and Mr J pears￿ and Mrj S
Thorold were iew*wii•d as CA)-OPtadvo Trustees 1cl￿Ing Ihe explry of their temis of appolnlmenl by
fKdn¥h￿e County Coun¢il.
Thè f￿1 det3as afthe ¢harWts truste95 throthutthe year are ¥hovm on page 1.

COWLEYS ENDOWED SCHOOLS FOUNDATION
Trust••s' Annual Report (¢ontinu•d)
lor thè yèar •ndod 31 March 2023
ObJ•cts and publ1¢ bonefft
The prlncipal tibiecls of the charity is to wovide edd￿ana1 lund$ f*y educatlcnjl purposes beyond those
nomially provided by the LoGal Eduralicn AulF¥Jrity- The benefi15 Bre distributed 85 ihe truslees 9ee fft Ni the
Parfsh of Donirglon and the gurrounding ale8, in accord8nc¢ ￿th lh8 sch•m9 of the Charity. This enablo3
the Partsh S￿1ety to benefit In boih th• $hort and long t•rm from the b¢•1 ¢hll¢Sren reGeivlng a mora roundftd
oduGatlon.
R•vlgw ol th• a¢tlvlll••
Tha trustetr8 are satlsfled wilh the progr4ss ofthe chadty •nd bdlevo that it Mntlnues to me8t Its obl4cts.
The f¢Bull$ ol Ihe char5ty forthe ar• shown on page 6.
The eharSty18 luryded by In￿Stment incomè. Durfng y•ar, thg ch8rfty dlslributed £64,340 In dir
chartiablÈ expenditrjre and other di￿bUt40￿& The chartty SB ewcted to continug wovldlng suth a88lstance
lor th8 foreseèable future.
Durlrw the cuTh&nt yt•r. Ihg fwr valu• of th• vBrfou5 ￿n￿lmentS hekl to ynerale Ihg •bovè funds h•s
de¢Ra¥ed by £105,591 to glve a v•lLr• of £2.031,938 8131 M4r¢h 2023.
Grant m•klng pollcy
Beneficiaries wt Inwted lo Apply for gran18 and As long as they compfy lo ihe Scheme of the charity. will b•
ACC8plad. The lemi b&￿14dar￿5 appl￿ lo persons of elther g*x who have not altsinod Ihe age of 25 years.
who are In Ihe cplnlon ol the Governors. In need of financlal assistan￿. who are TgSldent or havg r￿Ided for
Portod ol noi less Ih8n ￿ ye8r¥ In the P8rl$h of Donkn9lon or In ol lh• neighbourhg p911sh￿, ond
who •r• about lo alt4nd. aT• attending. or have not fof le88 than ￿rI years attendgd, one or other ol the
Sth¢ol$ of thg Foundaljon.
IfN•vtm•nt re¥law and poll¢y
The Fuundallon's Investment portlollo ha8 maintained Its Value In Ilne ludu8llons In thg stock marK¢l
generally. The TrLsslee8 remaln In regular contJGI Vhth their financial a¢Jvl8or, Mon8ymlnder Fin•nGi81
Servlcos IUKI LIO. for on any Wvdlble chJnge8 lo the invellmenls In 0￿er lo pr8s•rva the capital •nd
malnt41n tha in¢om• vthkh lund8 grant mlklng.
Li81•d inves
The Governors mget vhth Money Mlndertwlce yeorty to ra￿eW the pertorrn8rtu tx the inve8trn•nt managers
•nd •n6ur• Investrn•nt# ar• In m•dium to low r16k funds 4$ shovm In the •ch•dulè 4)n p•y 15.
Ca
The Portfollo is managod by Money Min*J¢r (UK) L*nlt•d, and admlnLslèr•d by GNC CapKal Markets, Ind
¥how8 8n avwaga revenuè ylèld o13.05%12022- 2.02%) b88¢d on falr value and 3.08%12022- 4.14%)
bosed un the Investment CQgL
Thè overall fall In the fund in lh8 yw Is 4.34% (2022- growth 8.51%) but the overall gI￿￿h18 2.88% on
¢osL
The portfollo 1$ also rnanag•d by Money Mlnder (UK) Limlled, and adminisl•red by Slandard Life, and Shows
an average revenue weld of 3.45%12022- 3.45%1 based on fair val￿. refiecled a Inc￿aSe in valu• of
6.80%12022- 6.80%) based OD the Snvestmenl cost. The overall incrna￿ in value from initial inv&slmenl
Cost 1.14%12023 - 1.14%).
RF¥k as$o$$mgnt
The Iru5tees have assessed the rtsk8 fadng the tharity. b¢liwe rlsk$ are Minim￿ In that majoT
income is receivèd from charity based unil trus1$ snd Ihe Investments providè a balan¢e ol incorne and
Ca￿￿1 grow¢h. Dug to the negllglble naturg oflhg risks. no fvrther actK¥n¥ are w￿ldered nece35ary.

COWLpfs ENDOWED SCHOOLS FOUNDATION
Trustees, Annual Rèport {cOntin￿d)
lor th• yoar •nd•d 31 March 2023
Rwor¥•$ Poll
The Iru8lees maint81n a r88er¥* fvnd lo cover th¢ eo8t of tree m•intén8wi TAtyk ty¢ the Found•llon'8 aileJ
¥ftd currently d•p0811 £1.000 pèr annum Into ftmd.
Gokng Conc•rn
The Trustees have contlnued io miewlhe impact of Covld 19 on Ihtr opeTaUon of thè Foundation. Thè granl
meking arlt¥itks of th• Fourthtion do not involve any dIr￿t Gontact wilh membars of the pl￿1¢ ￿ 80 the
aro no safeguarding Issue8.
Thg Foundation's Inv•8lmenl portlolto hgs larg8ly rocov•r•d th• IrAse8 m•d• In March 2020 In lin
8to¢k mJrk•t at Ihe start ol Ihe pandemic bul thè ongolng impa¢t d the Wotld Economy and the slluaticffl In
Ukralne contSnues to Impact on fund vlau￿. The Trustets8 r•m8in In regular contact with their finandal
advisor, Mon8yThlnfl8r Fln8ncial S•rvitss {UKI Lld Icr advlce on any possible ch￿g•S to th• kibwlm•nl$ in
ord•r to pre8•Né th• capttal and m8int8ln th¢ In￿M• which fiAKl8 want rn￿n9.
Playlng fl•ld¥
A reque81 waL4 r•c•tv•d from th• yo￿¥ l)on¥ Footbill Club to be gr•ited A I?￿* or Itc•nce to ¢￿1￿mi Ihoir
ght to use me football pltcheJ al thé réal of the Prlmary School. Thgy requlre $Lr¢h formal confirmatton lo
8UPPOrt applicèlw$ for lundlng to develop thèir fKllits•8. Thg Trugt•g5 •9ro•d to thls reque￿ In wlnclple
and are Ilaldnu wilh all Interested partTe¥ to try •JKS co-ordinole the us• ol th? p￿￿'n9 liold
M•ur$ Long8laff$. 8wv•yor•, were instruGt•d lo C¢￿51d•r th• b•sl way forward to market tha tenn1$ court
911e lojloww confirmatlon fr*￿ th• South Llncs Aca¢J•my that il no long•r to us• the cryJrt$. TPNg
m8tt•r 1$ ongovw.
Thoma8 Cowlty Hlyh School
Thè ThomBs CovhyAcad•myTruyl merge vith thè Soulh Llncoln$hife Academy Tru4t In Sept￿b•r 2022.
SL4T ha8 Ild$ed vAlh the Found•llon ¢￿er the dwelopmenl of the Academy.
ned on b4hdfofth• Irw1￿0
I IJYI
J. R. Wrny
(Chalmi8n}
2023

Indépendent Examlnerf6 Report to th• Trustees of
COWLEfs ENDOWED SCHOOLS FOUNDATION
l ieport lo the charitytruslees on my ex8mlrwMon ol Ihe acGounts of the c*arity for the r4ar onded 31 March
2023. which are sel out on pages 6 19 14
R•¥pon$lbllltl•* and ba81¥ of r•port
A8 the ¢h#rlV$ truste85 you are responsi￿* for th• preporatlon of th• aceounls in accordanGe ￿th the
req￿rement ol thé Charttles Act 2011 (Ih6 A¢t).
I report In raspect of myexamkn8tlon of the charW$ accoun￿ carrier out under 54JCtlon 145 of the aG¢ and In
¢￿INj OLtrt my gxamlnaii¢)n I have folkywed 811 the applica￿8 Dlrection5 gwen by Charity Commlssion
under 88Ction 145(Sllbl o11he Act.
Ind•p•nd•nt •xamln•f$ •tatom•nt
I have completed my examlnotlon. I conffmi that M m•leri81 matt•rs have coma to my aitefttion
¢¢th•¢tion the ex8mln4ts.on gl%Ang m8 Ca￿8? to bdiévè Ih&t In any maleilal respe￿..
accounllng re￿)rdS wore not kept In r•8FeCt of Ihe ch4rfty ￿ Tequlred by 130 of th¢ Art. or
2. thé accounts do not a¢cord ￿th th080 reccYd•.
3. the occounts do Aol ¢omth tha appll¢able requlremenls conctrnlng thè fom) ¥nd conl•nt of
accounts s•1 out in the Charities (Acc¢unl$ and Reports) Ro9ulations 2008 othgr than any rnqulrement
that Ihe accounts glv• a and fair vlw/ %%thich i¥ not a mattorconslderod 8$ part of an hd8pénd￿t
•xamln8lion.
I havo no concems and have come aeross no other matters In Gonn•ctton wlh th? examlnallon to whlch
allenllon #hould b$ drawn in this report h order to enabl• # proper undertslandlng of the account$ to b•
rna(h￿.
Moorè Thornpson
Chartored Accountants
Spaldin9
..2923

COWLEY? ENDoweD SCHOOLS FOUNDATION
stat8n*nt of Flnanclal Adlvltl•s
the year endod 31 March 2023
2023
P•mMn•nt
Endowm•nt
2022
G•n•r•l
Fund
Nol••
Total
Trtal
Incom• from:
74.830
74,830
71.621
Totsl Incom•
74.830
74,830
71.821
Exp•ndltur• on:
Raiskng funds
Charitablo
15,704
71.107
15,704
71,107
18,1)26
70.885
Totsl •xp•ndltUf•
88.811
88.811
86,911
ILVS￿} I gains CY Inv•8tmwl 886el$ 6 a 7
(105.8911
(105,591)
133.448
N•¢ mov•m•ni In lunth
(11.981)
{105.5911
{117.5721
118,158
R*￿￿¢111•11￿n$ ol fundj:
Brought for*Mrd
{18.333)
9.154,639
9.136,3rxi
9,018,148
Cairf•d forward
{30,314)
9.049.048
9,018,734
9,136,308

COWLEYS ENDOWED SCHOOLS FOUNDATION
Balan¢0 Shoet
at 31 March 2023
Not•s
2023
2022
Flx•d a•¥•ts. P•rnianèn¢ Endowm•nt
Land and propety
Inv¢8lM•nls
Wrap Investments
6.948.182
1.080,891
951.247
8.948,182
1,142,523
1.006,797
9.097.502
8,980.120
Curr•nt ••$•t•
Uoyd8 ¢urreni account
Uoyds buslnéss Instant acces8
Gash held by invesimenl rn8n•ggr$
20.308
5,839
13.559
28.137
5,828
9.179
39,564
39,944
Cr•dttorg: Amount• falllng du•
wKhln on4 y•
1960)
(1,140)
N•t current as#•ts
38.614
38,804
Totrl ••••t* l•¥¥ curr•nt Ilabllhl
9,018,734
9.136,3Q6
A¢¢ymul•i•d fund•
P•rm8nenl Èrthvrnenl
Un￿1￿￿19d fund6
12
9.049,048
{30.314)
9.1S4.839
118.3331
11
9,018.734
9.136,306
We approve Ihege flnenc181 stalemenls and conllrm that we have made av8118ble ¥ll rd•v8nt records and
Inlom)alton for IheiT weparation.
ON BEHALF OF COWLEY'S ENDOWED SCHOOL FOUNDATION
J. R.Wray
(ch￿rMan)
Mr. M. RollSnson
Chairman}
..2023
Dai*.
. 2023

CObVLEV8 ENDOWED SCHOOLS FOUNDATION
Notss to th• Flnancld Slat•m•nt8
forth• year frnd￿ 31 March 2023
l. Aecountkng polic1•*
ch8rity is an unln¢orporated charty fegistored in England and Wales wth th• ChaTIty Commission,
re9istratlon r￿￿ber 527291. The tharills regi$ter8d address Is Dembl•by House. 12 Broad Street.
Spalding. PE11 1E&
Tho prlnctP418CCOLmlkn9 adwled th tho pr•paratbon ol ltte fir￿ncIal 8talements are Set out b•low
(a) 8asi$ of pryradon ol lknancid statements.
Th• 3c¢ovnt8 have been Pfapared undèr the h18tOfk￿ co81 eonvonlion vhth It•m$ roc4gn15ed al cost
or Iransaclon value un￿8 othe￿11• Staled in the relev8nl notes lo IWe accounts. Th• fingnclal
8lat8ments have b8gn pr•pared in accordanco wtih Statement ol Recommended PractiGo'
Accounting 8nd Reportlng ty Charilles preparro th￿r a¢cw￿S in 8¢0)T(Iwte wilh the Firw*
R8portln9 St4ndard app￿cab￿ in the UK and RépLFblK of 5r8land IFRS1021 rs5[￿d in October 2019
and the CharfUeJ Act 2011.
{b) Incomlng resources
All In¢ome18 recognlsod In the 8t8t8m•nt d finonelal octfvrtle• when the con¢*tioni for r•c•ipt h4ve
b••n mol artd thef• Is r¢a$onable a88uranc• of rnceipt. Wher• A claim for r￿￿7¢nt of In¢om• tsx
ha8 or ￿11 b• mad8, 8uch ineorne Is grosmd for tha t4x r•coverAbla
Inv•slment Incon• Is r•¢tyrfBed In th¢ K¢QLml8 In tho pertod In vthlch Ihe ch•rty li ￿ttl￿Od to
Income In rèyct of any d881gnat•d lund8 l• allocal8d lo tm rèlevant fund on •n actual e#m•d b#sts.
Income Irem wr8Ung lea8e818 bwht into the St•t4meni of Flnanclal A￿1￿.11•1 ￿ • Ilne
b•￿1 o¥er th• lerni of th¢1o0M.
Icl Resourcés expended
ExpendSture is Indudvd in th• Slatemenl of Financial Acii¥iti08 on an awuol8 basls and hal bo
•lk¢aled a8 detallèd bdow.
Costs of g•nèr8ting funds Includes th• ¢0518 ol the •ctr¥S￿ d•fm•d tyth• ¢h4ftl￿ aM)s for Iho
bfjno111 stated In the ¢harity8 obJe¢t8.
Support C08t8 aro alkn¢at•d on a b•8108Imat• ot tlm• spent on th• porll¢ul8r 4eUvtti
Govwnance costs O￿lude the costs whlch relate to th& 9on•r•l runnlng of the charity •$ opmd 10
th• dlr8ct manaymgnl fvnCti￿ Inh•r•nt in g8nernJng lund$ and program as wclect works.
Gr￿ts payat)l• re¢ogthd In the Statement ol FIn￿Cl￿ A¢tty￿18j %then ttw h8￿ b￿Tr •pprov•d
bylhe tru6tett ccmthl.ons for payment h￿• ts￿n 8aYsfted.
14J> LarKS and prowrty
The land *KI property w a pemianlnl endc*ffi)eni •nd h*• been Includ•d tn t￿ accounts at Its fwr
value.
lel Inwstrngnt5
Quoled Inv•$lmoMs ar• v•bAd atth• mtd mJTket prt• al th• do8e ol al tha y•ar
If) FurKI accourrts
The Pemianent Endo¥wnwrt lund rgpr•s¢nl$ Iho#¢ aJ¥•ts which mu* bts fdd pemianenyy by t
charlty. Income ari5wig from the end(ywmenl finds, pn"marily the land and prffjerty al Doninglon can
be used In accordan¢e vilh thé objects ol the Charityand is induded as unrestrlcted ll￿me. Any
caF4fd gain5 or10s899 orising on the propetyfomi part ef the frmd.
Ggneral fund are unrestrrted funds which are avaIlab￿ for use al the d￿(*￿10n of the tru*ees #i the
furtheTJnce of Ihe general objects of the charity and have nol be8n (tejignatsd for ¢)ther wrpose¥
Daslgn*fjd funds comprffje wwgstrKted fvnds that have teen $•1 ashle bytr* tru8tè•s for p8rttc￿ar
purposes.

COWLEYS ENDOWED SCHOOLS FOUNDATION
J•
Nota5 to the Flnanclal Statgm•nts (contlnued)
for tho y90r •nd¢d 31 March 2023
2. Inv•8tments
2023
2022
Bank Interest
Dlvldend$
Wrap InGome
2.005
42.479
30,311
35
1,769
33.098
36.719
35
74,830
71.621
$. R*l•lng Fund•
2Q23
2022
Wrap inv•Stm￿l M4n8g￿•￿t charges
Investment man•g•r• fggs
Clwk's f•tr&
11.909
320
3.475
12,407
144
3.47S
15,704
16,026
2023
2022
CharS1obl• ac16vitiu.'
Gr*nl$ lo former pvpls
vI￿r & ¢hu￿hWardtn8 Chwlty
Gr8nls lo Gulde$. 8rowni•$ and RaInb￿
7,2SO
90
3.000
1.500
20
3,000
School grants..
Donlnglon Sewidary
Donlngton Primary
R•palr gnd M•IN￿ance. Tre¢ fund
25.000
25.000
40,000
20.000
64.340
84.820
Support co•t$'
Stollonery, postage, In$urance and 8undri•8
Clark's ts18ry
Leg81 and profosstonal fves
128
3.540
3.540
4,432
3,540
Governance c0818.
Indepgndgnt examiners f•8$
Cleik's lee8
950
1.385
1,140
1,385
2,335
2,525
71.107
70.885
IÉ

COWLEYS ENDOWED SCHOOLS FOUNDAnON
Nots8 to the Flnanclal Stat•m•nts leontinu￿>
for th• year ended 31 March 2023
ro
ow
a) 1 and 2 Viryinia Cottages
The ortginal cosl ofthe88 Is kTrJwn. Thoycrynpnse a palr of $eml.dolaclwd hoLW.
bulll ovw 100 year# ago. which •r* In g¢)od 8lruciural and decorgttve repalr.
Th school took ovar lh• KGup4ncy ol th? cottaw, ￿der o lomal lea8è ayr••d In Nov•ml)w 2013,
lo ullllse as •dmlni81ratlve farilllle8. Thè xhool pay rk)mlnal rent bul Ic￿k u4•r rdated ¢08ts ol
runnlng and maintslnlng the cottagès.
b) Lond of 1.895 oGro8 (approxlmatoly)
land h at Iho of Co¥Aey Hou88 and waa form¥ty uoed a8 a garden for Ihe 8thor sthcd. 1118
still u8ed In part 0$ tenraa cowts.
} Land al L8no
Th18 58 $Me olts prknary ￿￿1.
d) Pt•yng fhtd
Thi8 IAnd14 bLwnded by S¢h¢xl Ltrn. 8•Jg•t• •n¢ QLAdrfNJ Road
•) M*n Socondary S¢hool Slla
fj Y¢kn Club Premlws
Thèse Ff4m18es, in ScPthl Lan•, t>oninglon w•r8 let to th• Trust••s of th• Donknglon Youlh Club bul
th18 le￿& wa$ 8tsrr•nderod on 21 July 2010 •nd tha School occupi•• and M•irrtaI￿ th• bulldlrbg.
g) Headm8Sterf8 Houae
On slle prémme.
All Ih818nd and propety Above wore at 1st April 2010 In aGGordwK• the r•qulr•menls
of th8 Royal InsUlulion of Charteod Surveyors Appro1$81 and V•luation Standards, 5th •dition. Thg
valuation conduct•d by R. A. BuY&r MRICS of Mouthel BU￿ne$S S•r¥ic•s Limlt•d amounlfjd to
£6,948,182.
Th? truste•• arg of that lh• costs of obtalnlng • wole88lon•l valuallM ?XCthd$ ￿Y bengfil
•¥ rbo di6pogal woukl b• •xp9cl4d. Tho Iw•l••$ ar• ofthe opkilon thal Ihwe li no m•lwl•l dlff•renca
In th• current lalr value
2023
2022
Fair value al 1 Apnl 2022
Additlons at
(Los$l I gain r•v4uoti
F&lr ¥￿u* at 31 March 2023
1.142.523
1.047,2fj1
eo
95,182
{81,9291
1.080.691
1.142,523
See th• scheduk• on pag• 14 for a brnakdgwm ofthe Inve$tmenl• h•ld at 31 M¥rch 2023.
10

COWLEYS ENDOWED SCHOOLS FOUNDATION
Notes to the Flnanclal Statsm•nts (Continuod)
for the yaar •nded 31 March 2023
7. Wra
Inv
ImeTht• - P
t Endowmw
2023
2022
Fair •11 April 2022
Addilans at cost
Dispos81 procaods
(Lossl I galft on revaluation
1,006,797
25.611
137,499)
(43.882)
974.130
43,491
{44.442>
33.812
Fair valLX al 31 March 2023
951,247
1.006,797
S•t the ￿h•d￿le ￿ page 14 ILY 8 brukdown of tha inv•itm•ni• held at 31 M•rch 2023.
2023
2022
Independent ￿&MIne1$ lees
950
1,140
tr
Th• chartty IB oontrolted by th8 Inislees a$ • body and no IndW•l doe• ry could •x8rt (y)nlrd.
1Q. T
No rwiuner81ion dlf8clly or widiroctiy out of the funds of th• wa8 pald or payat40 for lh• J**r lo any
INBtee or lo any PO￿on Dr prson8 known to bè ¢OMe¢led wllh any ot tham.
No relmburs•m•Nt ol exp•nue8 ha$ been rn•d8 or l¥ dLSe lo be mad• to any olthe In Tespoct of
Ihe year.
11

COWLEYS ENDOWED SCHOOLS FOUNDATION
Not08 to tho Flnandal Statements Icontlnuod)
for th• ￿arended 31 March 2023
2023
B•l•nc• at
31 MOTch
2022
Not
movemonl In
e•• R•V￿U0tltsR
D•slgnatlon8 Balanc• at
durfng the
31 Aqareh
2023
Dgslgnated fund..
Tree lurKI
3,012
(21,3451
{4,ODOI
(7,9811
1,000
11,000)
12
(30,326)
118,3321
{11.9811
130,314}
2022
laft¢• At
31 PAar¢h
2021
N•t
ffKJv•m•nt In
M•our¢••
D•¥l#natlon• 8•lan¢• It
durlng th•
3Q MaKh
2022
R•v•lu•tlon
Do11gnat•d furvj:
Tw lund
1.008
<4,051)
1,000
11,000)
3.012
General fund
116,2941
121.345)
(3.043)
115.290)
(18,333>
DwlrvJ Ihs yw. Iruslee$ decld•d that tho LloydB bu8ln•58 IrAtsnl acc•88 account $fK)uld bè
d•8iw8l•d as a Tree Maintenance Fund. Th¢ intènllon is to translor £1.OW p&r annum into the account tn
ord•f to up th• re8•rw4.
12

COWLEYS ENDOWED SCHOOLS FOUNDATION
Notes lo th• Flnanclal Statements Icontinu•d)
for th• y?ar •nded 31 March 2023
nd anal I
2023
G•neral
Fund
Permanent
Efidowm•nt Total Fund*
FIMd 4$s•15'.
Land gnd pn)porty
Invesimtnts
Wrop Invesbnent
8.948.182
1.080.691
951,247
6.948,182
1,080.691
951,247
8.980.120
8,980,120
Curr•nl a$￿t#..
Ca8h 01 bank
39.564
39.564
Crethtor8'. Amounta falwng vitthin on8 y•Ar
11.122)
{1,122)
172
1950)
9.018.734
9.019,856
2022
G•n•rnl
Fund
P•rman•nt
Endowment Total Funds
Fix•d assets..
Land ond propefty
IrN¢stm•nl$
Wr8p Invostm•nt
6,948,182
1.142,S23
1.008,797
6,948.182
1,142,523
1.008,797
9.097,502
9,097.502
Current ￿¥910.
Ca$h at bank
117.211)
57,155
39.944
(17.2111
11,1221
57,155
39.944
Cr•diiors.' Amounts 181Yng du8 wlthln one y•#r
1181
{1.1401
118.3331
9.154,639
9.136.306
und com
ayatlv
St•t•m•rrt of FIMnel•l kntlvltl•J-2022
G•n•ral
Fund
P•rm•n•nt
Endowm•nt T¢)tal Fund•
In¢om• tr¢m:
Investrnenl$
71,621
71.621
Total In¢omo
Exptnditur& on:
Rai¥ino lund$
Charikble aclNitIgS
18.026
70,885
16,026
70,885
Total •xpendltur•
Galns oft In¥e$trnenl 8$8¢18
N•t In¢ome l {•xp•nditur•>
133,448
90 133,448
133,448
118,158
15.
13

COWLEWS ENDOIYED SCHOOLS FOUNDATION
Schedule to the Flnanclal Slatsments
for th• y•ar •ndad 31 Mar¢h 2023
F*SrValu•
at 311103122
Co•t
HoldlnH
at 31103123
Charfues Proporty Fund
BNY m￿an Nv*th Global
241,904
2LKI.000.QOOO
252.322
273.8È8
2.101
1.985.4080
4,148
Cozenove Chwity EqLity FWKI
Ch8rttl•ts Offldd Inve¥lm•nt Fund
Incom• Sh#rnJ
123.171
58.105.1400
259.381
288,528
97.921
100.197
14.015.5400
14.752.8510
75259.0900
262,283
276,229
233,052
88.670
M & G Chafifund
219.603
& G Charlljor
97.511
82,740
1.080.691
1,142.523
StMd•rd Lile Wr•p InvKlm•nt
995.214
951,247
1.006.797
2.031.938
2.149,320
14