Oadby Educational F(wrKlation Report arKI Accounts 310ecember 2023 Page I
Oad EduL3tional F(nd*tIOn Trustees'Re ort The trustees presentiheir rewiandthe accounts for theyearened 31 December2023. Status and Ob'ert ofthecha The Foundation was created by an Orderof the H¥h Court of CharKery 011838 and confirmed by a scheme dated 26 August 1%6 made bythe Secretary of State for Educ&N)n and Science under secbon 18 of the Charities Act 1960. The FOundatn Regsteied Charity. numbeT $281JXI. The objective of the FoundatioTh ts to makeRrdntsfor edu¢•tK)nal and religx)us purp)ses and for t nefrt of the poor in the Parish of Oadby. Leicestershire. Aebiew of Attlv es The Foundation made tharitsble grants of £47.75912022- £42,375) dull the year from an iome of £58,07312022- £57,600). Adrninistration expert5es amounted to £sl2022- £5¢XII. The surplus added to the General resenfe is therefore £10,42312022- £14,2931. At the yearend the General reSee was E67.316. OunnE the yearthe Foundation's investments held in the Ethtsl Investment fund increased in value by £181.%9 12021- £262.237 decrease) to £2.030.178. The alloc3ti0n of grarrt5 is aThatysed as follow5= Students Students Local kh(x) Religious Instluctn (Oadby PCCI Religious instrurtion lotherl Other educational For the benefit of the Charity Link 2022 31.33% Clause 160 CL4use 17 aause IS aause 14 Clause 14 aause IGe Clause 16f aause 13 38.69% 23.16% 9.05% 0.0)% 25.96% 0.% 3.14X 27.12% 9.69% O.(M)% 29.50% 2.36% The policy of thetrustee5 ts to diStribe the greater part of the Trus¥5 income each year whilst retaining è balance equivalent to approximatety one half of one year's income. The Endowrnent Fund is invested to produce a steady tncorne stream whilst rnaintainint in the long run the capital valtse of the fund. TN es and Offitia The Trust Deed provides that the trustees shall consist ol eleven persons. three e¥-officio being the Vlcar and Churchwardens of the Parish of Oadby. s¢x representstNes being appoinled by Oadby and Wigston Borough Counthl Iftsurtru5teesl and leKestersbire Countycouncil Itwo trustoesl aTrd ts co-opted trusiees. The trv5tees durlng the yearwere.. Rev S 8ailev G Austen D Smith lsecretaryl Thornton Itreasurerl D Carter l¢hairl S Haq Ivice thairl S Athwal H Katib J O'ovidio J Anderson P Bates Parish ol Oadby Oadby and Wigston e0rol CourKil Parish of Oadby Oadby and Wig5ton Borough Council Oadby and Wigston Borough COU11 Oadbyand Wig5ton Borough Council Oadby and Wigston Borough Council Oadby and Wigston Borough CourKil Ctropted Parish of O¥d . Ctropted The bankers are 8arclays Bank Pk The accountant and independent exarniner is Mrs Yvonne Woodford, Woodford Nomian kcounting Limr(ed y order of rhe trustees Mr M Thornton Trustee & Treasurer 12024 Page 2
Oad Edu¢#tiwal Foundatlon eport of the Independent Exarniner to theTrustees of The Oadby Education Foundation I report on the accounts of the Oadby Edu)al Foundation foTthe yearended 31 Decemi¥ 2023. whKh are setout tsn pages 4 to Respecti reSponb[leS of trusthe5 arKI examlner The Charity's Trustees are reswn5ible for the preparation of the actOUnts. The Charty's Trustees considerthat an audr( is not requiied for the year under5ecth?n 144121 of the Charities Act 2011 (the 2011 Actl and that an indèpendent examination 15 reded. It ts my responsibilityto.. Exarnine the accourts under seaKJn 145 of the 2011 Att,. To folkiw the procedures laid down io the General Direction5 gwen bythe Charity Commission5 undersectK)n 145lSllbl of the 2011 Att and To state whether partlcukr matters ha¥e come to my attention. Basis of independent examlners rep(vt My examination was carried out in aCCordare wr(h the Gerla1 Oirethons gNen bythe Charity Comrnissw)ners. An eXaMinatn includes a review of the accounting records kept by the charity and cornparison of the accounts presented with those records. It also include5 COn5ideratKin of arby unusual iterns or disclosu5 in the accounts. and seeking expLqnations fvorn you as trustees concemingany such matters. The procedure5 undertaken (kj not provide all the KIer that would be required in an audit and no opinion is given as to whetherthe accounts present a.true and lair view" and the report is limited to those matters set OLrt in the statement bebw. Independent examiner's 5tatemen¢ In conneaion with my exarninat)n. no rnatter has come to my attentwjn.. lil which gives me reasoThable cause to believe that in any materrdl respect the requiremen to keep accounting records in aCcOrdae with section 130of the 2011 and to prepare accounts which accord wtth the accounting records and compty with the accounting reqUIrnents ol the 2011 Act have not been rnet or- 121 to which. in my tspin¥Jn. atEeniion should be drawn in orderto enab a proper underst¥ndin of the the accounts to be reached. Yvonne Woodford Woodford Norrnan kmunt(ry Limited 7 Kevern C105e Wigsron Leicester LE18 2GR 20.03.2024 Page 3
Oadb Educational Foundatlon Statement of Financial Artivibes for the year ended 31 December 2023 Income and Expenditure Account Endowment Untestricted Fund Fund 2023 Total 2022 Total Incoming Resources From generotedfunds COIF charity fund dividends Bank deposit interest Grant theques returned or not cashed 58.073 234 375 58.682 58,073 234 375 58,682 57.600 23 175 57,798 Expenditure Chartitable èmpenditure Grants las per attached schedulel 47.759 47.7S9 42,375 Governence costs Independent Examiner's fee Printin& Postage & Stationery Bank Charges 5CK) 500 48.259 48,259 42.875 Exce$5/lShortfalll of IrKomè ¢)ver Expenditure 10,423 10.423 14,923 Hold5ng Galns and LossÈs Gains/llossesl on investment assets- unrealised Net Movement In Funds 181,569 181569 181,569 191.992 262.237 247,314 23 Reconciliation Of fvnds Brought forward at 31 December 2022 1.848,609 56.893 1.905.502 2,152.816 Carried forward at 31 December 2023 2.030.178 67.316 2A197,494 I.5.502 Page 4
Oadb Educational Foundation 8alance Shtet At 31 Dernbel 2023 2022 Flxed Assets Investment COIF Ethical - Income Units 674,477.83 units @ £3.010 12022- COIF Ethical- Income Units 674,477.83 units @ £2.74081 2.030.178 IW8.609 Current Assets Barclays Bank Plc= Current Account Deposit Account 43,024 24.792 6716 38,460 24.558 63.018 Current Liabilities Credrtors.. amounts falling due within one year 5Tr) 6.125 Net Current Assets 67.316 56A93 Net Assets 2.097A94 I,5,502 End<)wmÈnt Fund Capital account 2.030.178 1.848.609 Unrestrfrted Fund General fund 67,316 56,893 1097,494 I.5.502 D Carter - Acting Chair M Thornton - Treasufer 1__12024 Page 5
Oadb Educational FourKlatlon Schedule of Grants for the year ended 31 Drner 2023 2023 aouse March St Peters St Pauls 14 2,160. 2,160.LX) April Emma Richards- Arthitetturè Project ifje 750.00 July Oadby Baptist Church Woixlland Grange Primary Sthool Brocks Hill Primary School Langmoor Primary School Oadby Youth Centre South East Le•ster Scouts Beauchamp College Brookside School 1,000.00 1,218.00 1.287.00 1,464.00 2.0.00 2,OCk).00 2,0. 2.345.CK) 16e 16e August St John Fisher School Is ioJ.00 September Charity Link Launde Primary School 1,5CQ.00 2.131.00 15 October O&W Guide A550ciation Glenmere School Oadby Boys Brigade Oadby Girls Brigade Oadby Baptist Church All Saints School 16e 15 16e 16e 16e 15 I9.00 I.00 1.250.00 1,250.00 1,250.00 414.00 Student Grants 16a 18.480.00 47.759.00 13 14 15 163 16e 1.500.IX) 4,320.CQ 11.059.C(I 18,480. 12.400.LXI 3.14 9.05 23.16 38.69 25.96 47.759.00 Page 6