REGISTERED CHARITY NUMBER: 528697 REPORT OTr THE TRUSTEES AI iJNAUDITED FINANCIAL lATmErS THE YE ED3 FOR NGLEY EDUCATtONA UNDATION Chartered Ac¢ountsnts and TaE Advisors Gethin House 36 Bond Str Wanvickshire CVII 4DA
FILLON LEY EDUCATIONAL FOUTr4DATION coKrENfs OF THE FINANCIAL STATEMENTS R THE YEAR E PA%e Relerenee Ad AdmlDistr4tive Detil$ Rert ofthe Truateeg kndepthdet EsArnlry¢r's Report Ststem¢nt of FiBaaci81 Activitit Bl*nee Sheel Notes to the Fl&4tt¢Sal StatsmeBtS 7 to 12 Detsiled Sta¢emeDt of Flllttndxl Acthltles 13
FILLONGLEY EDUCATIONAL FOUNDATION REFERENCE AI¥D ADhllNtSTrATIVE DETAll FOR THE YEAR ENDED 31ST DECEMBER 21J24 TRusfEKS Mrs S M Onions (rtsigned I l.11.2024) A R Pargetter Mrs E A Pe8wck (resigned I l.11.2024) Mts H Badham R Barnett Rev S M¢dl¢y D Humphreys PRINCIPAL ADDRESS O Cocks Lloyd Riv¢T51ey Hous¢ CotonRoad Nunezton Warwryck$hiT¢ CVI 15TX REGISTERED CHART P*'UMB£R S28697 INDEPENDENT EXAMINER AnwtroM83 Chartcred Acrountants and T&x Adviso Gcthin House 36 Bond Str¢¢t CVII 4DA CLERK Mathew Jones Cocks Lloyd Sollcitors Riversley Hous¢ Coton Ro Nune•toD CVII 5TX Page I
FILIA)NGy EDUCATIONAL FOUNDATION RETYIRT OF THE TRUSTEFS FOR THE YEAR ENDED31ST DECEMBER 21)24 The ttwstees iYe5ent their r¢port with the financial statements of the chArity for the ye•r ¢ndcd 31st D¢cernber 2024. The lnte¢S have adopted The provistons of A¢coutJting and ReAx>rting by Charities.. Ststemenl of Recommended Pra¢ti¢c applirable to charities pr¢par¥ their accou$ in accorthce with the FInala1 RertIn8 StsJ¥Jard applicable in the UK and Republic of Ireland (FRS 102) {effeLttve I January 2019). ACHIEVEMENTS AND PERFORMAIYCE This y¢ar the charity was able to SISt 16 YOW people with 8rants tomwds cost of &1wation at a cost of £8,950. Grarrts to other or8anisatioM in Fillon8ley amoutrted to £1,625. FINANCIAL REVIEW lllvestjllent pollcy Endowme fijnds are invested in property aTKt with th¢ Tharitics Official It)v¢slJneFrt Furn4. CuTr¢nt assei tnv¢stmert% are deposited with the C¢ntr81 Board of FInan of the Chwch of England. ryeS polKy It Trs the policy of the tnJst¢es to apply the charitys fire reserves towards Èts obj¢¢ts once witabl¢ benefi¢iari¢s ar identified. Durin8 the year the inci)me consisted of rents atMI EnVeStht inwme tots]lirJg £40.174 tO8eth¢r with other incom¢ received in the year of £10,000. Prow costs anK)WTrted to £276 whilst charitable activtties e05t a total of £15,711 Ibeing grants of £IO.575 wpport sts of £3,358 and governance ¢osts of £1,778). The net Incon for the Y therefore amounted to £34.187. The exp¢ndiiwe for 2023 has be r[WlySed to provide a more aecurate retltdion ofstants Paid in the year atr>J oth expenditure. The Desi8nated thditwy Repairs Ftujd remains unchw)ged At £50.(KIO. The trustees are of the opinion that th¢ value of investsnent prop¢nies, still on hd. rnclLMling the land retaned at Walkeft¥ Fams at 31 D¢¢embeT 2024 remained at £720,700. Other investments, being Charitie5 Official Investh]enl FuTrJ Income Shares incre&8ed tn value dwin8 the year and are valued at £1,105.728. Th¢ talISed gain of £24,427 has been creditrd to th¢ EndoNryllent Fd. The Endowntnt Fd has iDcreAs¢d over811 from £1,801001 to £1.826.428. STRuciiniE, GOVERNANCE AND MANAGEMENT StTucturfy Gowern8n¢¢ *•d MaD&gememt The charity is ¢¥)nttolled by its8overnin8docuDrrt 8 deed of trust Ind con111¢$ on iknittcoryMX clwit>. The ¢hAfity establish¢d by a schem¢ of the Board of &lu(aiion on 3 l July 1912 a5 varied by 8 xhEme made by the Secretary of Stste for Education w]d Scienrx on 6 July 1970. The ttvstee5 have fvll power within the limiis prescribed by the schemes to make wks for the maDawTMt of the ¢hariiy aj the condu¢t of its buS1t$s. The trLL8tee5 are appointed by th¢ board of trustees and serve for five y¢ars efter whi¢h period may put themselves foThYard for r¢-appLiintmeni. The trnstees who have 5crved thn)ughout the year and to the date of this report are sIK$I) onpagel. The induction pro¢ess for any newly app)inted tn]ste¢ comprise4 tntiial m¢etill8 With the ther iruste¢s to explain their KlbIlItieS aRd the obj¥clives of charity. Rl#k m8n9gem¢I The trusteeg have a duty to identify and review the risks to wbich the ¢hvity is exp¢)st and to twure appropriate controls 8re in place t<> provide reasonable ass{ against 8fj error. Pa8e 2
FILLOTrIGLEY EDUCATJONALFOUIAToN REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31ST DECEMBER 21124 AP¥by oyder of the tx)otd of trustees on... on its behalf by.. Page 3
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF FILLONGLEY EDUCATIONAL FOUNDATION Indtptndent ex•mlner'$ report to the trnStee5 of Fillongley EdUtional Foundatlo I report to the charity trust¢es on my examination of the arts of Fillon8ley Edu¢aiionat FOundlon (th¢ Trust) for the yeaT ended 3 1st December 2024. Responsibilities And bsls Of report As the charity tru51ces of the Trust you are respoMibl¢ for the prepattin of the accounts in a¢¢ordance with the requirements of the Charities A¢t 2011 {'the Acfj. I repon in rupeL of my ¢xamination of thc Trust's a¢¢ounts carried out under S¢¢tion 145 of the Act and in canyng out my examination I have ftsllowed a]1 applicable Directions given by the Charity Cornmftssion under Section 145(SXb) of the Act. Independent exarniner'$ 8¢*¢¢ment I have Mmpleted my ¢xamintttion. I confirni that no materiel matt¢r5 hav¢ Come to nly attention in conn¢ction with the ¢xamination giving me cause to believe that in any Matla1 r¢spect'. accownting records were not kept in respect of the Trust as Tequir¢d by Section 130 of the Aci or the accounts do r1 accord with those recoTds' or the acwunts do t comply with the appliGable requirernents concerning the fonn 2nd ¢ontent of a¢lts set out in the Charities IAc¢ounts and Reports) Regulations 2008 other ihan Sny r¢quiremcnt that the accounts give a true and fair view whiGh is not a matt¢r considered as part of an ind¢pendent examin&tion. I have no ¢on¢ems and hav¢ come across no other matl¢ts in connection with the examination to which attention should be dTawn in this reporr in order to enabl¢ a proper underStsTlll8 of the a¢¢ounts to be ruched. f-6v Mrs l Biggs FCCA CTA Annstron8S Chartered A¢¢ountHnts and Tax Advisors Gethin House 36 Bo1 Str¢¢t Nuneaton Warwickshire CVII 4DA Date". 21• z025 Page 4
FILLONCLEY EDUCATIONAL FoiifqDATION TATEMENT OF FINANCIAL AcfivITIBS OR IIIE YEAR ENDED 31STDEC.EMBER 2024 2024 Total fimds 2023 Tothl fvnds Unre5trict¢d EtrJoNknient fimd Notes INCOME AND ENDOWMENTS FROM Othtt trading activities Invesbnent income Other income 190 39.544 4,877 40,075 i 0.000 40.075 10,000 Totsl 50.174 50.174 44.611 XPENDITURE ON Raising fimds 276 276 1672 Chatable *etSvltk8 Grants payabl¢ Governance costs Support costs 10.575 1.778 3,358 10.575 1,778 3.358 11.500 1,812 4.817 15.987 15,987 20.801 Net gatns ott itNestsnents 24.427 24,427 NET INCOME 34,187 24.427 58,614 114,809 RECONCILIATION OF FUF4DS Totsl funds brought fon¥ard 194.029 1.802.001 1.996,030 1,881221 TOTAL FUP4DS CAIUUED FORWARD 228,216 1,826,428 2,054,644 1,996.030 COPnINU]NC OPERATIONS All of above resuhs are derived from ¢ontinuin8 activities. All gains and lotse5 reco8nised ID th¢ period are included aknve. The n(rtes fonn part of these financi staternerrts Pag¢ 5
FIIJA)N EYE ND TION BALANCE SHEET 1ST DECEMBER 2024 2023 Notes FIXED ASSEIS Inva8tsn¢nts 1.826,428 1.802.001 CURREASsET8 Debto Cash tst bank 458 229J20 458 195,059 229,778 195,517 Amourtts faUin8 due within one year (1.5621 (1,488) NFT CURRENT A&SE13 228216 194.029 TOTALASSE13 LKSS CURRE 2,054,644 1,996.030 NET ASSETS 1054.644 1.996.030 INDS Unrestsicted fur Endow)wrt 10 228.216 1.826,428 194,029 1,802,001 TOTAL FIJIYDS 1054,644 1.996.030 i.q.tl.L..t'g,¥r.. were 8pproved by the Board of Tnths #nd athoiised for issue on End WCTe Signed on behalf by.. Th¢ n(rt¢s forni part of these finan¢i4t sanents P4ge 6
FILLONGIIY EDUCATIONAL FOVNDAITON NOTES TO THE FINANCIAL STATEMEf4TS FOR I'HE YEAR ENDEIJ 31STDECEMBLR 2024 ACCOUNT114G POLICIES SAS of prepotlng the rID•1 stst¢lllDts The rh8rrty constÈtirtes a publir benefit entity &% defined by TrRS 102. The financial aments have been PT¢pftr¢d in a¢¢offdance with Acwmting Reportin8 by Chwiti¢J: Ststement of Re¢ommeJyJed PTacti¢e applicable lo ch8riti¢s pr¢paring their aCCots in 8c¢ordatK¢ with the Financial Reporting Slandard applicable tn the UK 8j Republic of Tr¢land IFRS 102) iu¢d in October 2019. the Financial Reportin8 Standatd appli¢abl¢ in the United Kingdom and R¢publi¢ of Irelttnd IFRS 102). th¢ Ch8fities Act 2011. the Comp9ni¢s Act 21)06 and UK Generdlly Accept Practice. lThe Filla]41 Statemet)ts do not Énclude a c&th flow statement on the grounds th& it is apptying FRS 11>2 Sertion IA. ThE fiDaTKig1 ststernents are prepared on a going M¢ern basis under the historical cost conve1Kio modified to include ¢¢rtin item5 at lT value. The financial statem¢nts are prepared in sterling which is the functional currency of the charity. Th¢ signifi1 acrountiEW policies appli¢d in the pParatiOn of th¢se finan¢tal statements are set oth below. The rM)lici¢s hav¢ been con5isleDtly applied to yeats pres¢nt¢d unl8 oth¢Twise stated.Th¢ fina1¥1 ststemeats arc pPared sterlin8 whi¢h is the funclional curr¢n¢y of th¢ ¢h8xity. All tncorne is recognised in the Slatement of Firnncial Activitie$ once the charity has entitl¢metrt to the it is probable thatthe inco£ will b¢ rtr£ived and the amount can b¢ #sur¢d r¢liably. Investmenl in¢ome is eamed throu8h holding assetb. for investment purpos¢s su¢h as shares and rental property. It dividends and rental income. Where it is not practiea] to identify investsnent management costs iDGwr¢d within a heme with reasonable a¢cura¢y the investhkDt iwme is r¢port¢d net of these costs. It 15 in¢lud¢d when the amount cali be measured reliably. DIvid¢E and rental incom¢ is T¢gnised as the charitys right io rtt¢ive payment is established. OthertradÈn8 activities are recognised whenthe tharity is entitled to the monies. Eipenditure Liabilities reCOls &8 ¢xp¢nditttre as soon as there is a legal or ¢OL8tructive obli8atiOO WllllDitting the charity to that ¢xp¢nditure, it ts protrAbl¢ that a trallsf¢r of economic beneffts will b¢ required in settl¢ment and the amount of the obligation can b¢ •$red reliably. Expenditur¢ is a¢¢ounted for on an acenS basis and has been cl&ssifJed wjder heading5 that a88regate all cost relt0 to the c4te80ry. Where costs c4nnot b¢ dire¢tly attributed to particular headiw th¢y have been allocat¢d to a¢tivities on a b&si5 ¢QllSiSt¢nt with the we of Grants off¢red subie¢tw conditi0rt5 7which hwv¢ not been at the year end d8t¢ are rM)tsJ a5 a Ccrni but cNed as ¢xpendi¢u. Tgxation Th¢ ¢harity is an exempt charity within the meaning of sch¢dul¢ 3 of th¢ Charities Act 2011 and is considered to pa35 the tegts set in Para8fdph I Schedllte 6 Finan¢t knt 2010 and ther¢fO il meets the definition of a eharitsble rornpany for UK Corporation tax purpos. Utjrestricted fiumts can be us&1 in ac¢or4atKe with the charitable objectives thl the disLY¢tion of the trLth¢s. Restrided fijnds can only be us¢d for parti¢ular re5tridcd pury)oses within the objeLt% of the charity. ReBtri¢tiOTJS arise when Specifi by the domr or fund$ ar¢ rois¢d forparticular restridaq pww. rurther Lyplanation of the trkture and putpose of eath fund is included in the ]h)tes to th¢ financial statements. Page 7 contimied...
FILLONGLEY EDUCATJONAL FOUNDATEON AT - ethitl#ued OTHER TIL4DING ACTTvrriES 2024 2023 Wayleaves and sundry tncome INVESTMENT INCOME 2024 2023 Rents reeeÈved IDveslrnent incomt 9,535 30.540 9535 30.009 40,075 39.544 TRusfEES' REMUNERATIOIY AND BENEFITS The trte¢S did not rcccive any rernuWOn in th¢ y¢ar. The trwst¢e$ meeting ¢tssts amount kn £216 (2023 £198} There w¢re no r¢l&td paty transactio iti the year. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES UDr¢strid¢d Endowment Total INCOME AND ENDOWMEI¥TS FROM Other trading activities Lnveskn¢nt in¢ome Other income 39,544 4,877 39544 4.877 Totsl 44,611 44.611 EXPENDIIIJRE ON Raisin8 fi]nds 2.672 2.672 Charltabl¢ aelAvltles GraDts payable Governance costs Supp)rt ¢osts 11.500 1.812 4.817 11,500 1.812 4,817 Totsl 20,801 20,801 Net gains on investments 90,999 NET INCOME 23,810 90,999 114,809 RECONCILIATION OF FUNDS Totsl fi]nd$ brought fonvard 170.219 1.711.002 1.881,221 TOTAL FUIWS CARRIED N)RWAJID 194,029 1,802,001 1,996,030 Pag¢ 8 continued...
FILLONGLKY EDUCATIONAL FOUNDATIOIY NOTES TO THE FINANCtAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 FIXED A&8ET INVEsfMEYrs Invesllnents MARKET VALUE At Isi Janv8ry 2024 Revaluatia]kS 1.802.001 24.427 31 Ik¢¢mb¥ 2024 1.826,428 NET BOOK VALUE At 31st Dccemb¢r 2024 1,826.428 At 31st D¢¢emb¢T 2023 1.802,001 There were investmejrt &%sets outsi(k the UK. Cosl or valuatioft at 31 st December 2024 is represeJ)ted by." InYe5ttncntS Valuation in 2021 Valuation in 2022 Va]uation in 2023 VllatiOn in 2024 139.215 (130.3061 90.999 24,427 1.701093 1,826.428 Walkers Farni sold by the Fow)dation durin8 2019. However. 71.27 ar5 of land was relained an invtsiment prop¢rty a1 th¢ TnLStees e5¢itnate th&t open Ma¢t value of that at 31 D¢¢emb¢r 2024 r¢mains at £712,700. The freehold property costing £175,000, consisting of 8 School House was an income prlUcIn8 investment rKoperty rti1 2006. The truste¢s aed that it shou]d betome part of the premises of Bourn¢brwk SclxK>I and it is now in use for teaching and 5tora8e pwp05es. The int¥ntion is ihat it will remain in use as part of the sch(K)I premise5. kn such its value as an asset of th¢ Charity is considered to be impaired by £175,000 and consequently its knldimg value hps be¢n written dowll tts £Nil. No Val is in Pl on the m8in $¢hC>1 premis¢s 1¢h are a]so owned by the ¢harity. DEBIM)RS: AMOUNTS FAI.I.TNG DUE WITHIN YUR ?024 2023 Trade debtors 458 458 Page 9 contit)ued...
FIIIA)NGLEY EDUCATJONAL FOiINDATION NOTES TO THE FINANCLiL STATEMENTS. tontlDu¢d FOR THE YEAR ENDED 31ST DECEMBER2024 CREDITORS: AMOUNfs FALLif4G DUE THIN ONE YEAR 2024 2023 Other editOrS 1,562 1.488 ANALYSIS OF NET ASSETS BETWEE1¥ FUNDS 2024 Total fi]THIs 2023 Total fid& Unr¢strithd EndoThrnent fLmds hjnd Inveslments Cvmt assets CuTrent liabilities 1.826,428 1.826,428 229.778 (lJ62) 1,802.001 195.517 (1.488) 229,778 (1,562) 228,216 1.826.428 2,054,644 l.W6,030 io. MOVEMENT tN FiJNDS At 31.12.24 At 1.1.24 in fvnds Unratrirtsd Unrcstricted fimd Uny¢stri¢ted Designated funds 144,029 50,000 34.187 178,216 50.0(X) 194.029 EDdowment End0%w1 ffiJtMJs 34,187 228216 1,802,001 24.427 1,826,428 TOTAL FUI¥DS 1.996.030 58.614 2,054,644 NetnM)v¢ment in fiJnd4 [luded in the alK)ve are 0$ folloME: Incoming RcsouTC¢S ¢xpended Gains and losse5 in Thj$ UDrestrlctÈd funds Unrestricted fijnd 50,174 (15.987) 34,187 EDdowmellt Endowment fimds 24,427 24,427 TOTAL FUNDS 50.174 (15.987) 24,427 58.614 Page 10 Continued...
FILLONGIEY EDUCATJONAL FOUNDATiof4 NOTES TO THE FINANCIAL sfATEMENTS- tontinutd FOR THE YEAR ENDED 31ST DECEMBER 21124 io. MOVEMENT IN FUI¥DS- ¢Dntittued Comp4rtiwes for moven)eDt In fnnds Net At 31.12.23 At 1.1.23 in fitrJd5 UDre5tricted funds Uttrf5tricted fvnd Unrestrirted Desx8n8trd ftmds 120.219 50,0(X) 23.810 144,029 so,000 170.219 23,810 194,029 Endowtllent fmllds Endowmeot fimds 1,711.002 1,802.001 TOTAL FUNDS 1.881221 114.809 1,996.030 CompaTativ¢ net movemetrt ITr fimd5, included in the 8bovc Hre as follows.. Incoming resources R¢sowvs ¢xFnded Gains and losse6 fithds Unr¢s¢rl¢ted fuTrds Unrestriced fiu 44.611 {20.801) 23.810 EMdowrneRt Endowment fimds 90.999 TOTAL FUNDS 44,611 (20,801) 90,999 114.809 Unr¢strid¢d generR] ¢omprise those fuTh45 which the tru5te¢s ar¢ free to in accordan¢¢ with the haritable objects. The trustees h&ve s¢t aside in a d&si8natrd fund the £50,(W to meet the cost of fi]thr¢ extr8ordirJary repai to the chwitys pr()perties. Endownent funds represent those assets. which mua b¢ held pern)anently by the cljarity. In¢om¢ arising on the ¢towMeTrt fund can be used in aordan¢e with the objects of ihe djarity aud i5 included uDr¢stri¢kd inLome. AY Capital gaiDS or losses arising fonn part of the fiu]d. Pogell Continu..
FILIA)NGLEY EDUCATIONAL FOiiNDATION TES TO THE VtNAI¥CLIL STATEMEPUS- eoDtRn FOR THE YEAR ENDE 31ST 2&24 ii. RELATED PARTY DISCLOSURES There wcre rKJ related p4ty transactions f¢x the year ended 31st 2024. Page 12
FILIA)NGLEY EDUCATIONAL FOUIWATION DETAILED STATkMENT OF FINANC.IAL ACtivtriEs FOR THE YEAR EIWED 31ST DECEMBER 2024 2024 2023 JIYCOME AND E]¥DOWMEN15 Other trading activiti Wayleaves and su]Mlry illC4)me IDv¢5tthllt ltteothe Rents received 9,535 30,540 9.535 30.(M 40,075 39,544 Other Incom¢ Ex¢¢ptÈonal itenLS 10,000 4.877 Totl illcoming tysources 50.174 44,611 EXPENDtTURE Rtslng dopatjODS gnd legtheles IrJsurJnce Property Repairs & Renow9]5 276 270 2.402 276 1672 Cbgritable ac¢iviti Grants to ijkstitutions 10575 11.500 Support costs M8n¥ewent Clerk fec8 8TKI disbursements 3288 4K712 FIDn Bank ¢¥c8 70 105 Governsnce tOSts Tn]sttts' expense5 Accow]tancy Hnd legal fees 216 1.562 198 1,614 1,778 1.812 Totsl resources expended 15,987 20.801 Nel inf before gains #nd Iosse 34,187 23.810 kliSed rwiyed low Reaiised gatnslOosse$) on fixed investments 24,427 90,999 Net Income 58.614 114,809 This pag¢ do¢$ noi forni part of the statutory financial stalements Page 13