Oadby Educational Fwndatlon Report and Accounts 31 December 2024 PaEe I Oad Eduotlonal ￿ndatI0Th TrustÈe5'R The trustee5 weseiit their ￿port andthe accountsforthE yearened 31 December 2024. Status and Ob'ert ofthe The Foundation was created byan Orderol the High Court of Chancery of 1838aThd confirmed bv scheme dated 26 Au8USI 1966 made by tlE Secretaryof State foi EducatKJA and ScierKe under Sec￿00 18 of the Charities Act 1960. Th FoundatK*n 15 a Reeistered Charity. number s281￿. The ofy'ecbve of the Foundation isto rnake grantsforethK*•Jnaland reli8*)us purt¥)se5 and forthe benefit of poor In the Parish of Oailby. Le6ceste¥shire. RevSew olActi The Found8tion fflade charttalAe grants of £57.73812023- E47.7591 durinEtheiEar from on irKorne of £59.15212023_ £S8,0731. Administration eX￿nseS amounted to É66812023- £5(MJl. The surplus added to the General ￿SerVe is therefore £1.21912023- £10,423). At the yearend General reserve wa5 £68,435. During theyear Fo￿ndation'S investrnents hetd in the Ethical Investment fund increased tn vabJe by£55.712 12023- E181,5691 to £2.085.89). The allocation of grants s anatysed as folbws: Students Students Local SchooL% Rel*ious inStrutt￿n Ioadby PCCI Religiou5 inStrutt￿n lotherl Othei educatloThal Forihe tenefrt of the Foor Charity Link 2024 33.69% o.IK)% 26.53% 7.48% 0.00% 27.97% 1.73% 2023 38.69% aause 16a Clause 17 Uause IS Clause 14 Clause 14 Uause If Clause 16f Oause 13 23.16% 9.05% 25.96% 3.14% The policy of the trustees ts to distrÈtrwtethe greater partof theTwst's irKome exh year whibt retsining a balance equlvalentto approximatety one haff of one yea¥'s ir￿OMe. The Endowment Fund Is invested to produ￿ a steady Income ttiearn whiLst maintsining inthe bng njn the cawtsl value of the fvnil. Tru5teesan Officials The Trust Deed provides that the trustees shall consistof eleven persons. three ex￿ffici0 beingthe car and Churchwardens of the Parish ol Oadby. six ¥epresentatNes teing appointed byoadby and on Borough Council Ifourtrusteesl and Leicestershiie County CwrKil Itwo trustees) and two Co-opted tlU5tees. The trusiees duringthe yeaf We￿.. Rev S Bailev G Austen D kntth Isecretaryl M Thornton It￿a9Jrer) D Carter Ichairl S Haq (vice chairl SAthwal H Katib J D.￿idIO J Anderson P Bates Parish of Oadby Oadby and Wigston Borouth Countil Pdrish of Oad Oadby and W¥ton Borough CourKil . CO￿p¢ell Oadby and Wwon 8orouKh Council Oadby and W￿tOfft Borough Council co.opted co.opted PaI￿h ol Oadbv . co￿pted The bankers are Barday$ eank Pk Thè accountant and independent examiner ￿ Mrs Yvthn￿ W￿dford. Woodford Accounting Ilmtted v older cf the trustees Mr M Thofnton Trustee & Treasurer . 12025 Page 2 edu(*h)nal F Rewt of the Independeilt ExamlnEr to the Trustees of The Oadby EducatK*n Foundation I report on the accounts ofthe oad￿ EducatK)nal Foundat￿￿ fortheyearendEd 31 December 2024, whlch are set outon page$4 to 6. RespertNe responslbiltit5 of twustees and examiner The Charity's Trustees a￿ re5ponsib4e for the preparation of accounts. The ChariVs Trustees considerthat an audr( is not required forthe yeaT under settK)n 144121 of the Chartt*sArt 2011 (the 2011 ktl and that an independent examinatw)n ￿ needed. It is my ￿SponsI￿1tytO'. Examine the accounts under settM)n 145 of the 2011 Att.. To follow tF* procedures la￿1 Ilown in the GeneTrl DIrect￿n5 gNen tythe Charity cornmiss￿ns under Sett￿n 14515llbl of the 2011 *Lt ond To stste whether particular matte[5 have cometo my attefit￿. Basi$ of irKlependente*am1•t￿ reyt My e¥amination was carr*d out in accordance with the General Dirert￿$ gr¥en by Charty commi5510￿r$. An examinat￿￿ includes a wiew ofthe accountiry record5 kept bythe charty and comparison of the accounts presented w￿h those Tecords. It also includes consNleration ol any UnUs￿al tems or disclosures In the accounts. and seeking ex￿a￿at￿?nS from you as trustees concernin8 any such matters. The p￿edureS undertaken do not provide all the eviden¢e that would b2 reqUI￿d in an audr( and no opifiK)n i$8Nen as to whetherthe accounts p￿senta"trUe and fairview" and the reFQrt ts limited to those matters set out in ihe statement below. Independent eurnlnees statemert In connertion with my eKamination. rL) rnatter has cometo Myattelrt￿Tr: 111 which 8ives rne reasonab￿ cause to be￿Qve that in aThy materièl respertthe requwements to keep accovnting records In accordance with sectN)n 130 of the 2011 Art.. and to prepare aciounts which accord wtth the accwnting recordsand compty with the accounting requirefflents of the 2011 ALt have ntst been met or.. 121 to which, in myopinktn. attentw 5hCMj￿ be drawn in orderto enab* a proper understsndin8 of the the accoL*nts to be reached. Yvonne WoodFord Woodford Norman kcourting Limlted 7 Kevern Close Wigston Leices¢er LE18 2GR 16.10.2025 Page 3 Educational Foundation Statement of Finandal Artivities forthe year ended 31 December 2024 Income and E¥pend5turè A¢count Endowmènt Unrestrlcted Fund Fund 2024 Total 2023 Total Incoming Resources From generotedfunds COIF charity fund dividends Bank deposit interest Grant cheque5 returned or not cashed 59.152 373 59,152 373 58,073 234 375 58.682 59.525 59.525 Expenditure Chartitable expenditure Grants las per attsthed schedule) 57.738 57.738 47.759 Governence costs Independent Examiner'5 fee Insurance 51X) SC#) 500 48,259 ExCe￿(shOrtla1Il of lrtcorne t)ver Expendfture 1.119 1,119 10,423 Holdlng Gains and Losses Gains/l1055esl on investment assets- unrealised Net Movement in Funds 55,712 55.712 55.712 56A31 181.569 191.992 L119 Recon¢lKation of lunds Brought forward at 31 De￿mber 2023 2,030.178 67,316 2,097.494 Carried forward at 310ecember 2024 1085 68.435 2.154.325 191,992 Page 4 Oadb Edutatl nalF un ion Balance Sheet At 31 Deombèr 2024 2024 2023 Nxed Assets Investment COIF Ethical- Income Units 674,477.83 units @ £3.0926 12023 - COIF Ethical- Income Units 674.477.83 units @ £3.0101 L085Ag) 2M30.178 Current Assets Barclay5 Bank Plc.. Current Account Deposit Account 43.770 25.165 68.935 43.024 24,792 67A16 Current knabilities Creditors.. amounts falling due within one year 500 Net Current A55ets 68.435 67.316 Net Assets 1154.325 2,097,494 Endowment Fund Capital account 2.085,8S 2.030,178 Unrestrfcted Fund General fund 68,435 67,316 154325 2.097.494 D Carter Chair M Thorntort- Trea51Jrer 1__12025 Page 5 Oadb Educatlonal Foundatlon Sthedule of Grants for the year ended 31 December 2024 2024 January Leicester tharity Lhnk i.5￿.C¢) February St Peters St Pauls Muslim School Oaybv 2,159. 2.159.C 5¢JO.¢XI May Muslim School Oadby Oadby Bapt15t Church Oadby Boys Brigade Oadby Girls Brigade Oadby Youth Centre South East Leicester kouts The Sequal Trust Ire.. Sophial 1,000. 1.500.CK) 1.500.1XI 1,500.CX) 2,500. 2,500.(K) I,LW.C 16e 16e 16e 16e 16f luty Trinity Methodist 16È 750.00 August St Thomas Aquinas Glenmere School 3rd Oadby & Wigston Guide Aangèr Unit Woodland Grange Primary School Lionheart Education (Brock% Hill) Langrnoor Primary School Oak Multi Academy (Brooksidel Stholars Academy Trust (Laundel All Saints Is 15 16e Irx).00 4LKI.00 3.078.00 1.506.00 1.904.00 4,352.00 2,325.th) 455.00 15 15 15 October Oadby Owls FC Oadby & Wi8ston Guides 16e 16e 3,(#XJ.fXJ 2.S¢J).00 Student Grants Student Bursaries 16a 16a 14,950.00 4,5CQ.00 57.738.1)0 13 14 15 16a 16e 16f 1,500.1KJ 4,318. 15,320.C 19,450. 16,150.LKS i.￿).( 7.48 26.53 33.69 27.97 1.73 57.738.00 100.ty) Page 6