ALDRIDGE COOPER & JORDAN'S ENDOWED SCHOOL FOUNDATION TRUSTEES. ANNUAL REPORT and FINANCIAL STATEMENTS for the year ended 31ST DECEMBER 2025
ALDRIDGE COOPER & JORDAN'S ENDOWED SCHOOL FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Status Charity name Aldridge Cooper and Jordan's Endowed School FodatiOn Chanty registration number 528872 The Organisali was èstablished under a TTUSI deed agreed by the Charity Commissioners in 1991 and s{$equentIYém in 1993. Trustees Undgr the Tnjst dged the number of Trustees is sel at 9. made up as fdlows. 1 Ex-officio, Ing th9 current incumbonl of St Mary the Virgin, Aldridge 4 Nominated - 2 by Walsa11 MBC." holding office for 8 lemi of 3 y88rs 1 by Lichfield Diocesan EclUCati Committee." holding office for a temi of 4 years 1 by the PCC of Sl Mary.. holding office for a tem of 4 years 4 Co-opted - being persons hawryJ a special knedge of the area of 8enefil', holding offic6 for a temi of S years. The Trust deed requires that- the Ttuslees meet at least lcO each year. a quorum for th8 meetings is 4 Trustees being presanl. the Trustees. al their first ordinary meeting in each year, shall elect one of their nLJmber lo be ch8iman of their me6b.ngs until the cotnmgncement of thè first ordinary mfjgling in the folliywin9 year. The Trusleas seNng during the year were- Mr C Leng Ichaimian) Mrs J Marston{Retired 24th November20251 Mr P J Young Mr I P Henderson Rev. S Do Ms J Yarnall Ms R Ruane Miss K Ward Clerk to the Truste Mr J Deeley Prinelpal address of the charlty clo Meadoand$. 1CIO Newton Road. Burton on Trent, St8ffordshire, DE15 DTT Investmgnt Advlsors Evdyn Partners Investment Management LLP 14th Flotsr, 103 Colmorè Row, Bimiingham. B3 2AG Bankers BarGlays Bank PLC Lei¢e$ter, LE87 2B8 Sollcltor John Dedey moadoand$ 100 Newton Road Burtan on Trent staffordshire, DE15 0 Independent Examlner C T Ethyards C T E{hr$ Ltd 26 Damford Moors Lichleld Staffordshire, WS14 9RL
ALDRIDGE COOPER & JORDAN'S ENDOWED SCHOOL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 The Trustees present their report together with the finanThal statements of the charity for the year ended 31st Decèmber 2025. Structure> governance and management The legal and adminislrab.ve information set out on page 1 fomis part of this report. Objecllves and act[11¢¥ The Trust Deed empowered the Trustees lo deal with the income of the Foundation as follows".- 1 Maintainino the properties of Ihe Foundation. 2 The proper costs of admlnislering and managing the Charity. 3 Assisting the school govemors lo discharge their obligations under the Education Acts. 4 Assisting the govemors of any other voluntary aided school in the locality and in which religious instruction in accordance with the doctrin8s of the church of England Is given. 5 Prowding special benefits lo the schods and any other schools in the locality. 6 Promoting the educab.on (including education in accordance with the doctrines of th8 Church of England and soaal and physical training) of pupils and fomier pupils of the schoo15 under the age of 25, and other similar KErsons in the locality. The geographical area Ilhe locdilyi for which th& Trustses 8re 8mpowered is the M8tropolkan B(Yough of Wals811 but wlth preferenc• for the Alent Parish of Aldridge. Achlevements and perfornianc• In accordance with the requirements of the Trust deed, and in compliance with thg duty in section 17 of the Charities Act 2011 to have due regard to public benefit, this income has conlinu&J to be used to- Support the activities of The Adridge Cooper and Jordan Endowed School and other schools in the area by providing funding for salaries, equipment, maintenance and other running costs. Provide school and church workers lo support and develop religious education for the youih of the area. or develop the education or acti$ in connection with religious Studies and pastoral w¢Jk for the youth of the area. Thefft have been no changes in the scope u level of these rUireMentS during the year. Flnanclal revlew Tha charVI s incLYne contSnues lo be from its portftAio of investments together with WDperty rental and inl8rgsl on its bank l)alances. The charity has minim81 firmly committed expenditure, and the trustees ensure that any reqlSts for financial assistance can be mel out of the existing unrestn.ctod ba18nces. Thg Tntstees are ct>mmittod to prtsvidiDg a minimLHn of 10% towards ngcessary building w0S al the SGhool, and the extent of the work required is continuing at a high level. Where possible these eosts are mat out of Incoma arising, but as the work is ongoing a sum of money has been set aside as a cushion towards these costs. Ramaining funds are shown as Designated Funds in these accounts and at the year end. Full details of income and èxpenditure Is set out In the Statement of Financial Aclimlies aNI the accornpanyi notes. Investment oiic and rformance The Trustees hava engaged Evelyn Partnars Investment Management LLP 88 investment advisws and portfo110 managers. The policy adoplett is to ulilise low risk and fixeQ InteSt investments lexduding tobacco and other stocks th81 may confiict with thè trusfs principles) to generatè income of approximately £140,0 pèr annum, whilst ensuring that the investment base of the portfolio is not eroded by inffalion. The income largel has been •xcg•d•d this y•ar, and the Improvomont in tho financial dimAtè hag rUlt in An ineraaso in tha portfolio value
ALDRIDGE COOPER & JORDAN'S ENDOWED SCHOOL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 {continued) Flnanolal revlew Iconllnuedl During the year under review investmènt incomè dea$d by some 6%, whilst the marfret value of investments held incressed by approximately 9%. Reserves The balance on incovne funds are the unrestrioted funds of the charity. The GUent balance of these funds1£57.8211 represents, historicalty, appr0MatelY 4 months routrne expenditure. Risk mana emenl". The twslees have considered the mqor 51ralegic business and operational risks which the tharily faces and bolieva tham to b6 miTrirnal. Th6 trust888 bdigV8 that the established rapgrting syst8m$ WAI enable thgm to identify poten1181 future risks and take remedial action to minimise the impact of those risks. Plans for future perlod5 As prgviously reported, the Trustees have committed lo prowcling at least 10% towarQs Pha$es of the necessary building works at the school and are endeavouring to ensure income Is sufficient lo m88t this eommitment. Since this limits the funds available for other expenditure no other major changes to the acliviliès of the charity are plann for the foreseeable future. The investment managors have forecast overall investment income of some £150,000 for the ensuing year. In sddition the Trustees expect lo continue receI1ng a gross rental income of some £30,000. The Truste85 wll On again make any necessary adjustrnents to Ihoir expenditure proposals lo ensure that they do not exceed available resources. Trustees. re8ponslbllltles In relatlon to the flnan¢lal statements The Trustees are responsible for preparing the Trustees, Annu81 Report and the financial stslem8nts in acEDTtlance Vmh appTlcabl? law ancs UnrtKS lQngttDm AccDuntfng anUaTts IUThtsd KlngdoTh GBn2rall5i Accepi?d Accounting Practice). Law applicable to chantses in England 8nd Wales requires the trustèes lo prepare financial statements for gach financial year which give a tme and fair view of the charities financial activities dLJring the year and of its financial position al the end of the year. In preparing those finanaal ststemenls, the trustees are required to.. 5918Ct suitable accounting polici8s and apply them consistently. make judgem1$ and ests'metes that are reasonable and prudent, slate whather applicable accounting stsnd2rds and slalemenls of wommended practice have been followed sut4.ecl lo any departures disclosed and explained in the financral statements, and prepare the financial stalgmenls on a going concem basis unless il is in8pwopriale to presume that the charity will continu8 in business The Iruslees are resFX)nsible for keeping accounting records which disclose with reasonablG accuracy at any time the financial position of the charity and anable them to ensure that the financia statements comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulab'ons and the Trust deed They are also responsible for safeguarding the assets of the chanty and hence for taking reasonable steps for thè prevenb'on and del8clion of fraud and other iTregularilies. Approved by thè Trustees at their meeting on 16th Ma 2026 and signed on their b@ha by.. CTLENG TRUSTEE
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF ALDRIDGE COOPER & JORDAN'S ENDOWED SCHOOL FOUNDATION I report to the trustees on my examination of the accounts of the Foundatson for the year ended 31st Dember 2025, which are set out on pages 6 to 10. Regpectlvè responslbilities of trustges and examlner The charws trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under seth'on 144 of the Charities Act 2011 1.the Charits'es Acf'l and that an independent examination is needed. It is my responsibility to examine the accounts (under section 145 of the Act)". to follow the prOdureS laKI down in the general DireGtions gwen by the Chanty Commission under section 145lSllb} of the Act,. and stale whether particular matters have come to my attentson. Bas18 of indepgndent examinerfs roport My examination was carried out in accordance wth general Directions given by the Charity Commi8sion. An exarninatn includes a review of the accounting records kept by the tharity and a comrIson of the accounts presented with those records. It also includes considerab'on of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audi( and consequentty no opinion 1$ gwen as to whether the accounts present a 'true and fairf view and the report is limited lo those matters set out in the ststement below. Inrlopend8nt examlnar's stat•m8nt In connection with my eXaminatn, no matenal matters have come to my attention which give me asOnable cause to believe that in any material respect '_ the accounting rewrds were not kept in accordan wrth section 130 of the Charities Act.. or the accounts did not accord with the accounting records., or the accounts did not comply wff(h the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any qUIreMent that the accounts give a 'true and fairf view which is not a matter Considered as part of an independent eXamInatn. I have come across no other matters in connection wrth the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. C T Edwards of C T Edwards Ltd 26 Darnford Moors, Lichfield, Staffordshire 16th March 2026
ALDRIDGE COOPER & JORDAN'S ENDOWED SCHOOL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st DECEMBER 2025 INCOhlE GENERAL DESIGNATED CAPITAL TOT 2025 TOTAL 2024 note INCOME Investsnenl income Property rental Miscellaneous income 145,207 29,400 1,650 15 145,222 29,400 1,650 154,887 28.801 Total incoming resources 176.257 15 176,272 183.488 EXPENDITURE Rais9 funds Invastml management costs Charitable activities 20,896 20,8 192,064 19,938 226,223 192,IX4 Total resources expended 192.th84 20,898 212,960 246.181 NET INCOMIV.GI(OUTGOINGI RESOURCES BEFORE TRANSFERS 115,8071 15 120.8961 138,6881 162,e731 Transfws between funds NET INCOMINGIIOUTGOINGI RESOURCES BEFORE OTHER RECOGNISED GAINS AND LOSSES 115,8071 15 120.8961 {36,688} IS2.8731 GAINS AND LOSSES ON Nal realised gainslllosses) Net moyemenl In unredised geip.Jo (losses) 63,122 317,845 83,122 3t7,845 5,153 107,306 NET MOVEMENT IN FUNDS FOR THE YEAR 115,8071 15 360,071 344,279 49,786 Balances brought forward al 1st January 2025 73,628 1,163 4,341,979 4,418.770 4,388,984 Balances carried forward ai 31st December 2025 57.821 1.178 4,702,050 4,761,049 4,416.770 The notes on pages 8 10 10 fom part of these accounts
ALDRIDGE COOPER & JORDAN'S ENDOWED SCHOOL FOUNDATION BALANCE SHEET as at 31 st DECEMBER 2025 INCOME GENERAL DESIGNATED CAPITAL TOTAL 2025 TOTAL 2024 FIXEDASSETS Tangibl8 fixed Investmants 556,OC¥) 556,OL)0 558,000 4,118,823 4,118,823 3,769,365 4.674,823 4,674,823 4,325,365 CURRENT ASSETS Debtors and prepayments Cash at bank and in hand 510 63,779 510 94,036 1,184 99,325 1.178 29,081 64.289 1,178 29.081 94,548 100,489 Creditors.. amounts falling due wlhin one year 12,9191 15,4041 {8.323} 19,0841 NET CURRENT ASSETS 81,370 7,178 23,677 86,225 91,405 NET ASSETS 61,370 1,178 4,698.500 4,761,049 4,416,770 TOTAL FUNDS 57,821 1.178 4,702,050 4.761.049 4,416,770 These accounts were approved by tho Trustees * their by:_ eeling on 16th Marth 2026 and signed on trieir beha CTLENG TRUSTEE
ALDRIDGE COOPER & JORDAN'S ENDOWED SCHOOL FOUNDATION SCHEDULES TO THE ACCOUNTS for the year ended 31st DECEMBER 2025 ACCOUNTING POLICIES BASIS OF ACCOUNTING lal The fin8ncial stslements have en prepared under the historical cost convents"on. as modified by the revaluation of fixed assets and the indusion ol investrnenls at market value, and In accordance wrth the Charil'es SORP IFRS 1021, the Finanaal Report'ng Stsndard applicable in the UK and Republic of Ireland IFRS 1021, and the Charities Aci 2011 Ibl Advantage has been taken of the exempfj.on availat6 In section 7 of FRS102 in not preparing a statement of cash flows. INCOME All incoming resourcgs are indudad in the slat8menl of fin8nci81 activities when the ch8rity is entitled to the income and the am1 can be quantified reasonable accuracy. EXPENDITURE Expenditure is recognised on an 8ccrual basis as a liability is incurred. Expendilurg includes VAT which cannot be recovered, and Is as part of the expenditure to which il relates.. Direct charitable activity expenditure comprises those costs incJJrred by the charity in the delivery of rts activities and services for its bènefiaanes Governance costs indude those costs 8$socialed with meeting the consts'tulional and stalulory requirgmenls of ihe charity and indude Trustee meeting Costs and SWPC•rt and annual accounts ¢osts. TAXATION Caytal Gains Tax, but not from VAT. Itrecoverable VAT is included in the cost of those items to which it re181es. TANGIBLE xED ASSETS AND DEPRECIATION The Foundation's only fixed assets Cotnprise freehold prop&rti8s. No depreciation is provided since the properties are subiecl to pencmjic revaluations. FIXED ASSET INVESTMENTS Investments are inclLKled al closing mid-markel valu8s, as confirmed by the Inve8trnent Managers. Any gain or loss on revaluation is taken lo the Statement of Finanaal Actswlies. INVESTMENT INCOME INCOME TOTAL GENERAL DESIGNATED 2D25 TOTAL 2D24 Incoma from Gov8mment & quoted securities Intere81 on bank & cash doposlts 144.845 362 144,845 377 154,246 15 145.207 15 145,222 154,887
ALDRIDGE COOPER & JORDAN'S ENDOWED SCHOOL FOUNDATION SCHEDULES TO THE ACCOUNTS for the year ended 31st DECEMBER 2025 (ntInued) 3 a CHARITABLE ACTlVttlES GENERAL DESIGNATED 202S 2024 Direct charitsble activities Propety costs Schools costs Youth, Children & Families Workers Grants Support costs Clerk to the Trusteas & secretarial support Professional fees IntJ2pDna&nt èXarnr- adthonsl aceDuntsncywork Bank charges Miscellaneous items Governance Clerk lo the Trustees Independent exgrniner fee 3,623 110,118 50,425 3,551 3,623 110,118 50.425 3,551 15,992 117,829 66.481 1.887 17,778 1,008 1,610 126 17,778 1,008 1.610 126 17.527 1,271 1,350 154 3,225 600 3,225 600 3.225 500 192,064 192.C64 226,223 3 b GRANTS Organisations Indiwduals 2,303 1,248 158 1,729 3,551 1,887 TANGIBLE FIXEDASSETS 2025 2024 Freehold prepeth.es Cost or valuation at 31st Dacember 556,000 556.000 The freehold lands were re-valued in August 2008 by Messrs Fisher Gemian, Chartered Surveyors. The Trustgas beli?¥• that there has 1)9gn n•yigble movomgnl in th9 propgty values in Iha yoar and are of tho opinion that no benefit would be gain8d by Incurring the costs of a professional valuabon. Somg of the Prope"83 were auIred as long 8go as the 171X)s and so il is not possible to show cost and revaluation details as required by FRS1. As there Is no intention lo sell any of the properties. the Trustees are of the opinion that no nefit would be gained by attgmpling to create a Revaluab'on Reserve. The foundatlon also owns land in the Parish of AIOri(ige used by the Ltsc Educats"otb Authority for the prols1On of schools. No value has ever be attritkrted to Ihls land which was originally vested in the Trustees on 29th March 1974 under paragraph 6 of the first schedule to the Education Act 1946.
ALDRIDGE COOPER & JORDAN'S ENDOWED SCHOOL FOUNDATION SCHEDULES TO THE ACCOUNTS for the year ended 31 st DECEMBER 2025 {continuedl INVESTME1[8 (As Fixed ass8ls) 2025 2024 Quoted investments Market vAuo 4.118,823 3.769.365 Book cost 3,271,544 3,232,037 DEBTORS 2025 2024 Tax recoverable Prepayments and accrued interest 510 1,164 510 1,164 CREDFTORS.. AMOUNTS FALLING DUE WH1N ONE YEAR 2025 2024 Income received in advance Accruals 1,438 6,885 1,438 7,646 8,323 9,D84 RELATED PARTY TRANSACTIONS There were no related party transadions during the yearthat r4uire disdosure FUTURE FUNDING CDMMTTMEKrs Under the temis of ils Trust Deed the Charity is committed to m8king a Govemors, contribution of 10% or thè costs of major refur'shrnen1s and repairs al the school. Major works to upgrade the toilets etc are needed, requinng the trust to contn.bule some £12,500 In 2026. The sehool has also reouestgd finaneial assistance in 2026 in respect necessary health and safety matters in the sum of £27,400, as well as other immwjiale general maintenance work on the heab.ng system and playground al an approximate cost of £20.000.