CHARITY COMM1$51tr1 FOR E[14D Ntr40 WAIES Trustees. Annual Report for the period Period start date Period end date From Jan 2024 31 Dec 2024 Section A Reference and administration details Charity name BARFORD ST PETER'S SCHOOL TRUST DUGARD AND MILLS, SCHOOL ENDOWMENT (Old Name) BARFORD CHURCH OF ENGLAND SCHOOL TRUSTEES (Working Name) BARFORD SCHOOL TRUST Other names charity is known by Workin Name Reglstered charity number (if any) 528671 Charity's principal address The Rectory Barford Warwick Postcode CV35 8ES Names of the charity trustees who manage tho charity Trusteg namg Office lif any) Dates acted if not for whole year Name of person lor body) èntitled to appoint trustee ifa Jonathan Partridge Helen Clay Jenefer Heap Roger Braithwaite Janet Grewal Chair and Treasurer Secretary Revd. Andrew Larkin Ex-officio Inactive and retired in February 2024 Names of the trustees for the charity, if any, (for example, any custodian trustees) Namè Dates actèd if not for whole ear Names and addresses of advisers (Optional infom)ation} e of adviser Name Address Independent Mrs Alison Lusty 4 Wilkins Glose, Barford, Wa1ck, CV35 8EX Examiner Legal Advisor Ms Jenny Dymond Messrs Rotherham & Co.. 8-9 The Quadrant. Coventry. CV1 2EG Bankers Lloyds TSB 98 Victoria Street, London SW1 E 5JL Name of chief executive or names of sanior staff mèmbers {Optional inforniation) TAR February 2025
Section B Structure, overnance and mana ement Description of the charity's trusts Type of governing document le.g. trLtst deecj, constitution Will dated 30 May 1677, Conveyance and Trust Deed dated 6th July 1836 and a Scheme established and sealed on 22r July 1997. The body of Trustees consists of one ex-ofFicio trustee, the present incumbent of the Parish of St. Peterfs Barford. and six co-opted truslees as detailed in Section A. How the charity is constituted Trustee selection methods ap dby When a vacancy occurs among the trustees. the remaining trustees appoint a surtable person to make up their number, as outlined above. Additional governance issues (Optional infonnationl Structure Barford St Peterfs School Trust is a Charity eslablished under the Charity You may choose to include additional information. where relevant, about.. policies and procedures adopled for the induction and training of trustees., the charity's organisalional structure and any wider neork with which the charity works., relationship with any related parties.. trustees, consideration of major risks and the system and procedures to manage them. nd Commissioners Scheme No 528671, sealed 22 July 1997. and combines two former charities, the Dugard and Mills Endowment crealed in 1667, and the Barford School Trust created in 1836. The Chartty owns land and buildings for the purpose of furthering education for the children of the parish. The Trust is recognised as a Charity by HMRC. The registered address of the Charity is The Rectory, Barford, CV35 8ES, butforcorrespondence is The Cottage. Mill Lane, Barford, CV35 8EJ. Trustees Membership and Temi of Office The six co-opted truslees are appointed for a term of five years. The current expiry dates are as follows.. Jenefer Heap120271 Jonathan Partridge (2029) Helen Clay12026) Roger Braithwaite {2026) Janet Grew31 (20271 The only change to the composition of the Trustee body in 2024 was the retirement of Revd Andy Larkin who was an ex-officio Trustee in his capacity as Priest-in-charge of Sl. Peteff s Barford. No replacement has yet been appointed. It is hoped that a suitable candidate will be found in 2025. Jonathan Partridge continued in the role of Interim Chair and also Treasurer. The other elected officer of the Trust {Secretary) also continued in her role unchanged. Jonathan Partridge reached the end of his five-year temi in July 2024 and was duly re-elected for a further period of five years. Chris Harris was approached during the year to become a Trustee in Ihe place vacated by David Woodcock in October 2023. He has agreed to do this and will join the Trust in March 2025. Relations with other local Bodies Mrs Clay is a memberof the Barford Memorial Hall committee. Mr Partridge is a member of the Parochial Church Council Meetings and Financial Arrangements The Trustees meet twice a year usually in the spring and Autumn and additionally when necessary. The financial year follows the calendar year. All financial transactions need the signature of two trustees bul transactions made via online banking have single authorisation. In view of this, the bank statements are circulated to all trustees at the end of each month for review. TAR February 2025
Section C Ob'ectives and activities Objectives The Charity has the following objectives in terms of the distribution of its income as OLrtlined in the Scheme dated 22nd July 1997.. To maintain, insure and meet all other charges and oulgoings in respect of thè properties owned by the Charity. To assisl the Govemors for the time being of the School to discharge their obligations under the Education Acts 1944 to 1994 with resped to the maintenance of the School. To provide equipment and other items, services and facilities for. and thereby advance education at, the School. To promote the education, including social and physical training. of pupils and fomier pupils of the School under the age of 25 years who are in need of financial assistance in one or both ol the following ways or in such other ways as the Trustees think fit.. (11 by awarding to such pupils and fomier pupils scholarships, exhibitions, bursaries, maintenance allowances or grants tenable at any school, university, college of education, or other institution of further education approved for the purpose by the Trustees., (2) by providing financial assistance, OLrtfits, clothing, tools, instruments or books to assist such pupils and former pupils to pursue their education linGluding 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. Summary ofthe objects of the charlty set out In Its governing document Activitles Report for 2024.. Bright Horizons (the operators of the Beehive Nursery in the Old School building) continued to be good tenants. The current ten-year lease runs until May 2027 and is a full repairing lease. There were no significant works undertaken during 2024. The Trust continues to support the school. In 2022 the Trust had given the school a substantial amount" for a new early years and wrap- around care unit on the understanding there would be no other major capital financial assistance for the next 5 years. However, the Trust is slill able to provide financial assistance to individual pupils and the Trust made a number of grants to support current and former pupils with school trips, clothing and travel costs. In addition, the Trust paid for two tablets to support SEN pupils. Note.. the final instalment {£3,9321 of this was paid in May The Old School House continues lo be a reliable source of income. It is therefore the aim of the Trust to ensure it is maintained to a good standard to obtain rnaximum rental. No significant works were necessary during the year given the major refurbishment carried OLrt in 2023. The new tenants continue to look after the property well and renewed the lease for a further 12-month term from November 2024. The proposed academisation of the school mentioned in the 2022 annual report has now teen deferred indefinitely. The Trustees are conscious of their obligations regarding public benefit and regularfy refer to the charity's objects when taking decisions on donations and ex enditure. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidanco issued by the Charity Commission on public benefit) Additional details of objecllves and activities (Optional infomiationl TAR February 2025
Policy on Insurance: In 2012, the Trustees were advised to take out indemnity insurance and a policy was initiated with Ansvar Insurance providing truslees, indemnity up to a value of £500,000 and legal expense cover up to £100,000. A further long-term undertaking for three years was made when the policy came up for renewal at the end of October 2022. The buildings insurance for the Old School House was renewed again in DeMber, and continues to include up to £5,000 cover for fixtures and fittings covering such items as carpets, light and curtain fittings. Insuran for the Old School is the responsibility of the tenants, Bright Horizons, as part of their full repairing lease. This arrangement was incorporated into the new lease effective from May 2017. You may choose to include further slatements, where relevant, aboul.. policy on grant making., policy programme related investment., contribution made by volunteers. Forward Planning: With the £120,000 grant made for the major project in 2022, the need for regular meetings to discuss the school's future needs in the nearlmedium term has reduced. However, informal communications continue on a number of smaller items where the Trust has an interest. Section D Achievements and performance The main achievemenls of the Charrty during 2024 are detailed in the AGtivities Report in Section C. In summary these were.. Summary of the main achievements of the charlty during the year Providing grants to currenl and former pupils of the school facing financial hardship to support their continuing education or other needs. Providing specialised equipment to support pupils at the school with special educational needs. Maintaining and improving the properties owned by Ihe Charity to protect their asset value and maximise their realisable rental income. Financial Perfomiance With no major capital funding for the school or significant expenditure on the School house or Old School buildings in 2024, income exceeded expenditure for the year by £22,305. The equity account also increased in value by around 50/0 leaving the Trust in a strong financial position at year end. Income was a little higher than in 2023 because of the higher rent being charged forthe School House to the new tenants (£1,200 per month versus £1,100 with the prior lease). The annual rent for the Old School was unchanged in 2024 but will increase again (to £21,000 per year) from 19th May 2025. Expenditure was £14,840 lower than in 2023 as a result of there being no significant capital funding for the school and no significant expenditure on the properties as referenced above. In October, £20,000 transferred back into Ihe CCLA Deposit account to replenish some ofthe reserve spent on the major school project in 2022. Overall, the Charity continues to be in a strong financial position going into 2025 with total funds of nearly £156k and rental income of £34,400 p. from the two properties (increasing to £35,400 from May 2025}. TAR February 2025
Section E Financial review The Trustees adhere to a reserves policy which.. Maintains reserves at a level which ensures that the Charity's core activity could continue during a period of unforeseen difficulty. Maintains a proportion of reserves in a readily realisable form. Builds up reserves over a period of time (typically 3 years) to support the Govemors of the school in paying their 10Vo share of the capital costs of an new buildin ro ects bein funded b the DI0Se. Brief statement of the charity's policy on reseNes Details of any funds materially in deficit None Further financial review details {Optional infomiation) The principal Sour of the Charity's funds is the rental income derived from its tsvo properties. You may choose to include additional information, where relevant about= the charity's principal sources of funds (including any fundraising)- how expenditure has supported the key objectsves of the charity; investment policy and objectives including any ethical investment policy adopted. All expenditure is aligned with the Charity's objectives as outlined in Section C. The main focus in 2024 was directed towards grants for current and fomier school pupils and the maintenance ofthe Trust's two properties as outlined in sections C and D. The investment policy pursued by the Trustees is one of balanced growth with surplus income divided behveen a deposit account and an equity account both held with CCLA. The aim of this is to build up sufficient capital to support the Govemors of Ihe school with additional resources and their share of any major capital expenditure in the longer term. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signaturels) Full name(81 Position (e.g. Chalr, Treasurer, etc.) ATHAN PARTRIDGE HELEN CLAY CHAIR I TREASURER SECRETARY Date ' rtfhCC44 202 TAR February 2025
CHARITY COMMISSION FOR ENGLAND AND WALES BARFORD ST PETER'S SCHOOL TRUST 628671 Receipts and payments accounts CC16a For the perlod from 0110112024 To 3111212024 Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds Last year toth• to tho neare8t£ to tho rwaroSt £ to the nearest£ to ttte noarest£ A1 Rg¢glpts Rents Deposit Interest Relum ofunused 34.400 48 32.902 48 rant Ipart paymenll 34.448 33,007 Asset and investmgnt sales. (see table). Investment Gain8 lunreallsodl 5,607 S.607 12.260 5,607 5,607 12.260 Total recelpts A3Pa ments Direct charitab Expenditure 5.007 5.007 1,390 Other Expendityre Expenses Old Schod & General Mainl. scho House Mainl. Agent's Fees Grants Sch)01 House Insurance Governots Indefflnity Insuran¢È 27 102 162 3,528 2,323 677 317 12.143 27 102 162 3,528 2.323 677 317 12,143 157 3,496 13,135 3,362 44B7 657 300 26,983 A4 Asset and investment urchases, see table Investment Losses lunrea1180dl Sub total 12,143 12,143 26,983 Net of 8pts1{payrnenfSJ A5 Tran$fefS between funds A6 Cash funds last year end Cash funds this year end 27.911 27.911 18.28 127,788 155.699 127,788 155,699 109,504 127,788 School TNst accounts ¢¢16a 2024 2610212025
Section B Statement of assets and liabilities at the end of the period Unrestricted funds to noare5t £ R85trictÈd funds Endowment fund5 to npardst £ Categorles Details to n&ar88t É B1 Cash funds Lloyds Current Ac£ount (less ulc dEque51 CCLA Deposit ACU1 (Property) 19,322 20,946 CCLA Equty Fd 115,432 Total cash funds 155,699 189reo b3knGes with recei$ and payments unlls)} Unrestricted funds Marest É Restrlcted funds to T@s1 £ Endowmant funds Details to n8aro8t£ Fund to which 8888t beloftgs GBnèral Current value tyonal 250.000 Details Sd)ool House Cost loptiomall B3 Investment assets Schoc4 Ganoral 160.000 New School (share fvftded byTrustl Gènoral 93,000 111 At Trustees, Valuation Cost(optiortJ Current valuè ional Fund to which a880t belon Detalls B4 Assets retained for the charity's own use Fund to which relat08 Amount duo onal Wh8n duo tional Details B5 Liabilities SvJn8d by one or Iwo trustees on behalf of all the trustees Date of roval Signature Print Name Jo[than Partridge 2110312025 Helen Clay 2110312025 S¢*oo1 Trust awounts cc18a 2024 2610212025
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustsesl members of BARFORD ST PETER'S SCHOOL TRUST On accounts for the year ended 3111212024 Charity no (if any) 528671 Set out on pages Receipts and payments account I Statement of Assets and Liabilities at the end of the period I report to the trustees on my examination of the accounts of the above charity ('the Trust") for the year ended 3111212024. Responsibillties and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordan with the requirements of the Charities Act 20111"the Acf,). 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 examinalion, I have followed the applicable Directions given by the Charity Commission under section 145{5)(bl of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect." accounting records were not kept in accordance wilh section 130 of the Acl or the accounts do not accord with the accounting records Independent examinerfs statement 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 lo be reached. Please delete the words in the brackets rf they do not 8ppIy. Signed: Datg: 3315 Name: MRS ALISON LUSTY Relevant professional qualificationls) or body lif any): Fellow Chartered Accountant IFCA) Address: 4 WLKINS CLOSE BARFORD WARWICK CV35 8EX IER March 2025
Section B Disclosure Only complete ifthe examiner needs to highlight matters of concern {see CC32, Independent examination of charity accounts.. direGtions and guidance for examiners). Give here brief detsils of any items that the examiner wishes to disclose. IER March 2025