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 FOundat￿n 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 i￿ome of
£58,07312022- £57,600). Adrninistration expert5es amounted to £s￿l2022- £5¢XII. The surplus
added to the General resenfe is therefore £10,42312022- £14,2931. At the yearend the General
reSe￿e 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 Instluct￿n (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 diStrib￿e 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 COU￿11
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* reSpon￿b[￿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 r*eded.
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 aCCordar￿e wr(h the Ger￿la1 Oirethons gNen bythe Charity
Comrnissw)ners. An eXaMinat￿n 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 disclosu￿5 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 aCcOrda￿e with section 130of the 2011 and
to prepare accounts which accord wtth the accounting records and compty with the
accounting reqUI￿rnents 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 De￿rnbel 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
67￿16
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 D￿rn￿er 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