2023-03-31-accounts - The Kibworth Beauchamp High School Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 1 April 2022 To 31 March 2023

Charity name: The Kibworth Beauchamp High School Foundation

Charity registration number: 527856

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	THE OBJECT OF THE CHARITY IS TO ADVANCE THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF THE BENEFICIARIES THROUGH: (1) THE PROVISION OF ITEMS, SERVICES, FACILITIES AND SPECIAL BENEFITS OF ANY KIND NOT REQUIRED TO BE PROVIDED BY THE LOCAL EDUCATION AUTHORITY FOR THE BENEFIT OF THE SCHOOL; (2) AWARDING SCHOLARSHIPS, EXHIBITIONS, BURSARIES, MAINTENANCE ALLOWANCES OR GRANTS TENABLE AT ANY SCHOOL, UNIVERSITY, COLLEGE OF EDUCATION, OR OTHER INSTITUTION OF FURTHER (INCLUDING PROFESSIONAL AND TECHNICAL) EDUCATION APPROVED FOR THE PURPOSE BY THE TRUSTEE; (3) THE PROVISION OF FINANCIAL ASSISTANCE, OUTFITS, CLOTHING, TOOLS, INSTRUMENTS OR BOOKS TO ASSIST THEM TO PURSUE THEIR EDUCATION (INCLUDING THE STUDY OF MUSIC AND OTHER ARTS), TO UNDERTAKE TRAVEL IN FURTHERANCE THEREOF, OR TO PREPARE FOR OR ENTER A PROFESSION, TRADE, OCCUPATION OR SERVICE ON LEAVING SCHOOL, UNIVERSITY OR OTHER EDUCATIONAL ESTABLISHMENT; (4) RETAINING THE LAND IDENTIFIED IN PART 1 OF THE SCHEDULE TO THIS SCHEME AS A SITE FOR THE SCHOOL.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	THE AREA OF BENEFIT MEANS THE PARISH OF KIBWORTH BEAUCHAMP, KIBWORTH HARCOURT AND SMEETON WESTERBY. What the charity does: • Education/training Who the charity helps: • Children/young People How the charity helps: • Makes Grants To Individuals • Makes Grants To Organisations • Provides Services Where the charity operates:

		• Leicestershire
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trust is managed in accordance with the requirements of the guidance issued by the Charity Commission on pubic benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Security of the trust fund asset, investments and land held, then liquidity and then yield in that order. To the extent that income from these investments has not been utilised for prizes etc., the surplus funds are invested in short term deposits with various financial institutions. Provide funding awards to children, young people who qualify per the trust deeds.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Achievements against objectives set	Para 1.41	100% security of funding whilst maintaining liquidity and providing a return on investments Ready to allocate funding as reviewed and requested by the Kibworth school – none requested in 2022/23
Performance of fundraising activities against objectives set	Para 1.41	None – not an objective of the fund
Investment performance against objectives	Para 1.41	100% security of funding whilst maintaining liquidity and providing a return on investments
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	£75,108.90 held in revenue funds £301,349.97 held as capital (endowment) funds
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	N/a – balances held pending requests from the school
Amount of reserves held	Para 1.22	£75,108.90 held in revenue funds
Reasons for holding zero reserves	Para 1.22	n/a
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	n/a

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deeds
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Determined by members (Councillors) of Leicestershire County Councils Constitution Committee.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charityname	The Kibworth Beauchamp High School Foundation
Other name the charity uses	n/a
Registered charity number	527856
Charity’s principal address	Leicestershire County Council County Hall Glenfield Leicestershire LE3 8RF

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
Leicestershire County Council	Leicestershire County Council	Whole year	Leicestershire County Council

– Corporate trustees names of the directors at the date the report was approved

Director name
Lauren Haslam	Director of Law and Governance
Declan Keegan	Director of Corporate Resources (s.151 officer)

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
THE OFFICIAL CUSTODIAN FOR CHARITIES on behalf of Leicestershire County Council As Trustees Of The Kibworth Beauchamp High School

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address




Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

n/a

Other optional information

Leicestershire County Council are the sole trustee of the charity. The following are the representatives of Leicestershire County Council deemed to have oversight and responsibility for the charity.

Lauren Haslam Director of Law and Governance Declan Keegan Director of Corporate Resources

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Declan Keegan Full name(s) Lauren Haslam Position (eg Secretary, Director of Law and Governance Director of Corporate Resources Chair, etc) Date 15[th] March 2024

Charity Name	No (if any)
The Kibworth Beauchamp High School	527856 Foundation
Receipts andpayments accounts		CC16a
01/04/2022 Period start date For the period from	31/03/2023 Period end date To

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 6,825 44,453 - - - - - - 51,278 - - - 51,278 - - - - - - - - - - - - - - 51,278 - 23,831 75,109	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ 6,825 44,453 - - - - - - 51,278 - - - 51,278 - - - - - - - - - - - - - - 51,278	Last year to the nearest £
Interest on Investment	6,825				1,135
Rent Income	44,453				4,700
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	51,278				5,835

A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					5,835

	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	-				-

A4 Asset and investment purchases, (see table)
	-
	-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					-

	51,278	-	-	51,278	5,835
	-	-	-	-	-
	23,831	-	-	23,831	17,996
	75,109	-	-	75,109	23,831

CCXX R1 accounts (SS)

15/03/2024

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets CCXX R2 accounts (SS)	Signature Details Details Cash balances Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details Land holdings COIF Trust Fund Pooling Scheme CCLA Investments MMF 2	Unrestricted funds Restricted funds to nearest £ to nearest £ 75,109 - - - - - 75,109 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment Funds 4,110 Endowment Funds 4,307 Endowment Funds 292,933 - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Declan Keegan	Endowment funds to nearest £

			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			33,287
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
			15th March 2024
			15/03/2024

CCXX R2 accounts (SS)

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of

The Kibworth Beauchamp High School Foundation

On accounts for the year 31 March 2023 Charity no 527856 ended (if any) Set out on pages 1 to 10 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03 / 2023.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Please delete the words in the brackets if they do not apply.

Signed: Date: 28/03/2024

~~signed on 28/03/2024, 16:35:13 GMT~~ Name: Mrs L G Parkes FCA FCCA Relevant professional ICAEW qualification(s) or body (if any):

Address: The Rowleys Partnership Ltd, Charnwood House, Harcourt Way, Meridian Business Park, Leicester LE19 1WP

October 2018

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

October 2018

IER