Charity number: 529467
THE BOYLE & PETYf FOUNDATION
UNAUDITED
FINANCIAL STATEMENTS
31 MARCH 2024
ARTHUR E WALKER & CO
6 WATER STREET
SKIPTON
BD23 IP8

THE BOYLE & PEnT FOUNDAnON
CONTENTS
Page
Reference and administrative details of the charity. its Trustees and advisers
Trustees, report
Independent examinerfs report
Statement of financial activitie5
Balance sheet
Notes to the financial statements
10-14

THE BOYLE & PEfff FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Mr B D Heyes, Chairman
The Duchess of Devonshire DL
Mrs J Hollings (resigned 17 May 20231
Mr M Hartley
MrsAKaye
Mr R Shelton
Mrs O Swiffen
Dr L Molyneux
Mr S Johnson
Mr5 L Hartley
Admlnistrator
Mrs C Oowns
Charity registered number
529467
Principal office
The Boyle & Petyt Primary School, Beamsleyi Skipton, North Yorkshire, BD23 6HE
Accountants
Arthur E Walker & Co, 6 Water Street. Skipton, BD23 IPB
Bankers
HSBC, 61 High Street. Skipton, North Yorkshire, BD23 IDW
Sollcltors
Mewies. Keighley Road, Skipton, North Yorkshire, BD23 2NB
Investment Advlsers
Ellis Bates Financial Solutions Limited, Adam House. Ripon Way, Harrogate, North Yorkshire, HGI
2AU
Page I

THE BOYLE & PETYT FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 fdARCH 2024
The Trustees present thelr annual report together with the financial statement5 of The Boyle and
Petyt Foundation (the charity) for the year ended 31 March 2024. The Trustees confirm that the
Annual report and financial statements of the charity comply with the current statutory
reqijirements, the requirements of the charity's governing document and the provisions of the
Statement of Recommended Practice ISORP FR51021 "Accounting and Reporting by Charities"
effective 2019.
FINANCIAL REVIEW, ACHIEVEMENTS AND PERFORMANCE
The result5 for the year and the charity's financial position at the end of the year are shown in the
attached financial statements. Fundlng received is also detailed in the notes to the financial
statements. The charity plans to contlnue operating in the same manner for the coming year bv
applying its funds to the objectives set.
The majority of income received durlng the year was rental income and grant income. The major
expenditure during the year related to the energy saving project (windows and insulation). root
cutting in the Sewage system and School House repairs.
Documents relating to the Foundation are held by the Secretary/Treasurer, Mrs C Downs, at her
home, at the Estate Office, Bolton Abbey and also on the school premises.
The Trustees work closely with the Managing Trustees and Local Education Authority to ensure the
premises are suitable for primary school education purposes and maintained to a satisfactory
standard.
AcfiviTIES FOR ACHIEVING OBJECTIVES
To maintain the school premises, including the school house and playEround in good condition for
educational purposes as a Voluntary Aided School for primary school age children from the
surrounding parishes and townships, namety Addingham, Barden, Beamsley, Bolton Abbey,
Draughton, Embsay with Eastby, Hazlewood with Storiths and Nesfield with Langbar, but other areas
are not ruled out if so approved by the Trustees.
The principal activities of the organisation are to manage the funds of the Foundation and apply the
net income as they see fit for the following purpose5=
al Insuran￿ of the premises.
bl improvement of the school buildings.
cl assistance with pupils attending school, including travelling expenses and maintenance
allowances providing they are resident in the above-mentioned parishes.
Pa8e 2

THE BOYLE & PEfYT FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED ai MARCH 20Z4 (¢ontinued}
dl assisting in the health and physical condition of children attending the school.
el in maintaining and improving the school library.
fl for improving social and physical training15ubject to maximum payments as laid down in the
Con5titutionl.
The Trustees have had regard to the guidance issued by the Charity Commisslon on public benefrt.
The activities described above are indicative of this.
INVESTMENT POLICY AND PERFORMANCE
The Trustees follow the investment policy prescribed by the governing documents of 1887 and 1923.
The Trustees seek to preserve the value of the investment portfolio and through prudent and
cautious management, generate a modest surplus of income over expenditure each year to provide
funds for a programme of continLlOUS refurbishment and improvement of school property-
The Foundation's investments are overseen by a designated Trustee IR Shelton) with additional
financial advice sought and provided by Ellis Bates Financial Solutions.
The performance of the investment5 are reviewed 3 times a year at full meetin8s of the Trustees.
RESERVES POLICY
The Foundatlon is required to preserve its endowment, so as to ensure that monies are available to
meet any reasonable unforeseen emergency. The Trustees may also increase the endowment
periodically. by fundraising to achieve the Foundation's objectives, for example the construction of
the pre-school building in 2015116. The unrestricted fund5 include endowment funds. A healthy
balance of £63,430 remains as at 31 March 2024.
Strurtureth governance and management
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are shown in the details of Trustees and professional adviser5.
All the Trustees served the charity throughout the year.
GOVERNING DOCUMENT
The or8anisation was ori8inally constituted by endowment5 from Boyle's School and Petyt's Ch3rity
dated 28 November 1887.
Page 3

THE BOYLE & PETYT FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
POLICIES ADOPTED FOR THE INDucfioN AND TRAINING OF TRUSTEES
All Trustees are given an appropriate induction to the Foundation to enable them to understand
their responsibilities as a governor as well as the Foundation's charitable purposes, financial position
and current issue5.
To this end new Trustee5 are offered a tour of the school and given a copy of:
Governing documents dated 28, November 1887 and 3rd July 1923
Minutes from the previous meeting
Latest accounts
Charity Commission The Essential Trustee ICC31
Charity Commission Hallmark of an effective charity ICCIOI
Charity Good Governance Guide
Conflict of Interest Policy
Privacy Policy for Governors
GDPR Information Security Incidents Reporting Policy
They a￿ then required to sign and return..
Charity Commission Trustee Oeclar3tion IV81
Register of Interest Ito be updated as appropriate and annually)
The Boyle and Petyt Foundatioll Declaration of Office
RISK MANAGEMENT
The risks to the charity are security of income and the uncertain costs of the service they wish to
provi(le. Income is secured by investment income which is monitored by Ellis Bates Financial
SolLrtions Limited, Harrogate, who are consulted regularly for advice. The main source of investment
income is the rental of the school house. Grant Income from DFES is not guaranteed at a certain
level which causes uncertainty for the charity.
TRUSTEES
The Trustee5 who seNed the charity during the year and up to the date of signature are shown in
the attached financial statements. The Trustees are made up of people nominated by the following
bodies..
2 representatives from the Parish Council- Mr5 A Kaye and Mrs J Hollin8s (resigned 17 May 20231- 1
vacancy.
2 representatives from the Lord of the Manor- Mr B D Heyes and Mr M Hartley
3 co-optative representatives-The Duchess of Devonshire DL, Mr R Shelton and
Mrs L Hartley
I representative from the Local Education Authority- Dr L Molyneux
I representative from Ermysteds Grammar School- Mrs O Swiffen
I representative from North Yorkshire Bench- Mr S John50n
Page 4

THE BOYLE & PMT FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024 {contlnuedl
TRUSTEES, RESPONSIBILITIES sfATEMENT
The Trustees are responsible for preparing the Tru5tees' report and the financial statements in
accordance with applicable law and United Kingdom Actounting Standards Iunited Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial
statements for each financial year which give a true and fair view of the state of affairs of the charity
and of the incoming ￿sourceS and application of resources of the charity for that period. In
preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistenily;
obSe￿e the methods and principles in the Charities SORP,.
make judgement and accounting estimates that are reasonable and prudent-
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Report51 Regulations 2008 and the provisions of the
trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved bythe Trusteeson &. 11. 2
and signed on their behalf by:
Signed
B D Heyes
Chair
Page 5

THE BOYLE & PEfff FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BOYLE & PETYT FOUNDATION
I report on the financial statements of the charity for the year ended 31 March 2024 which are set
out on pages 8 to 14.
The report is made solely to the charivs Trustee5, as a body, in accordance wrth section 145 of the
Charities Act 20118n(I regulations made under section 154 of that Act. My work has been
undertaken so that I might state to the charity's Trustees those matters l am required to state to
them in an independent examinerfs report and for no other purpose. To the fijllest extent permitted
by law. I do not accept or assume responsibility to anyone other than the charity and the charity's
Trustees as a body, for my work or for this report.
RESPEcfivE RESPONS181LifES OF TRUSTEES AND EXAMINER
The charity's Trustees are re5pon5ible fur the preparation of the financial statements, and they
on5ider that an audit is not reouired for this year under section 144121 of the Charities Art 2011 (the
Actl and that an independent examination is needed.
It 15 my responsibility to-.
Examine the finoncial statements under section 145 of the Act.
Follow the procedures laid down in the general Dirertion5 given by the Charity Commission
under section 14515llbl of the Act; and
state whether particijlar matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the general Directions given by the Charity
Commission. An examlnation includes a review of the accounting records kept by the charity and
comparison of the financial statements presented with those records. It also includes consideration
of any unusual items or disclosures in the financlal statements. and seeking explanations from you as
Trustees concerning any such matters. The procedures undertaken do not provide all the evidence
that would be required In an audit, and consequently no opinion is given as to whether the financial
statements present a 'true and fair view, and the report is limited to those matters set out in the
Statement below..
Page 6

THE BOYLE & PETrr FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH Z024 (Continued)
INDEPENDENT EXAMINER'S STATEMENT
In conneclion with an examination, no matter has come to my attention=
111 which gives me reasonable cause to believe that in any material respect the reqU1￿mentS..
to keep accounting record5 in accordance with sectlon 130 of the Act,. and
to prepare financial statements which accord with the accounting records and
omply with the accounting requirements of the Act
have not been met- or
121 to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the finantial statements to be ￿aChed.
Signed
Dated ........
Andrew Walker Bsc FCCA
Arthur E Walker & Co
Accountant5
6 Water Street
Skipton BD23 IPB
Page 7

THE BOYLE & PEfff FOUNDATION
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2024
Notes Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
INCOME FROM:
Donations. legacies and Grants
Investments
Other Income- Solar
12,468
12,468
11.940
620
2,670
11,893
568
11,94K)
620
12,560
12,468
25,028
15,131
EXPENDITURÉ ON.,
Charitable activities and support costs
TOTAL EXPENDITURE
8,117
8,117
12,468
12,468
20,585
20,585
9,125
9,125
NET INCOMEI{EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND
LOSSES
ILossesl/gains on revalL¢ation of
investment
Gain on disposal of investments
NET MOVEMENT IN FUNDS
4,443
4.443
6,IJ06
1,7Tr)
1,7(K)
11,5551
6,143
6,143
4,451
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
57,287
63,430
10,000
10,0
67.287
74,430
62.836
67,287
The notes on pages 10 to 14 form part of these finantial statements
Page 8

THE BOYLE & PETYf FOUNDATION
BALANCE SHEET AT 31 MARCH 2024
Notes
2024
2023
FIXED ASSETS
Investments
22,449
20.749
CURRENT ASSETS
Prepayments
Cash at bank and in hand
70,456
74,016
CREDITORS:
amounts falling due within one year
NET CURRENT ASSETS
119,4751
127,4781
50,981
73,430
46,538
67,287
NET ASSETS
CHARITY FUNDS
Restricted fund5
Unrestricted funds
TOTAL FUNDS
iO,OCM)
63,430
73,430
10.000
57,287
67.287
The financial statements have been prepared In accordance with the provisions applicable to
small entities within the Charities Act 2011, and in accordance with the Financial Reporting
Standard FRS 102 effective January 2019.
The financial statement5 were approved by the Trustees on
on their behalf, bv:
6. 11.2*
and signed
B D Heye$
The notes on pages 10 to 14 form part of these financial statements.
Pase 9

THE BOYLE & PETYt FOUNDATION
FOR THE YEAR ENDED 31 MARCH 2024
l. Accounting Pollcles
1.1 Basts of preparatlon and assessment of 8oing concern
The financial statements have been prepared urbder the historical cost convention with Items
recognised at cost or transaction value unless otherwise stated in the relevant notelsl to these
accounts.
The financial statements have been prepared in accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 effective 2019 and the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements are prepared in sterling, which 15 the functional currency of the charlty,
Monetary amounts in these financial statements are rounded to the nearest £.
The Trustees consider that there are no material uncertainties about the Foundation's ability to
continue as a Eoing concern.
1.2 Fund accountlnE
General funds are unrestricted funds which are available for the use at the discretion of the
Trustees in furtherance of the general objectives of the charity and which have not been
designated for other purposes.
Restricted funds are funds which are to be used in accordance with 5pecrfic restrictions imposed
by donors of which have been raised by the charity for particular purposes. The c05t5 Of raising
and administerin8 such funds are charged against the specific fund. The aim and use of each
restricted fund is set out in the notes to the financial statements.
1.3 Incoming resources
IncominB resources are Included in the Statement of financial Activities when the charity has
entitlement to the funds. certainty of receipt and the amount can be measured with sufficient
reliability.
Page 10

THE BOYLE & PEféT FOUNDATION
FOR THE YEAR ENDED 31 MARCH 2024 {cont5nuedl
Income from interest royalties and dividends is included in the accounts when receipt is
probable and the amount can be measured reliably.
The charity has received government grants in the reporting period.
Gifts in kind donatlon for distribution are included at valuation and recognised a5 income when
they are distrlbuted to the projects. Gifts donated for resale are included as income when they
are sold. t)onated facilities are included at the value to the charity where this can be quantified
and a thSrd party is bearing the cost.
The value of any voluntary help received is not included in the accounts but is described in the
Trustees. annual report.
1.4 Expenditure
Expenditure is accounted for on an accruals basis and has been included under expense
categories that ag8re8ate all costs for allocation to activities. Where costs cannot be direttly
attributed to particular activities they have been allocated on a basis consistent with the use of
the resources. Governance c05t5 are those incurred in cor)nection with the administration of the
charity and compliance with constitutional and statutory requirements.
No Trustee expenses have been incurred in the year.
1.5 Investments
Fixed a55et investments in quoted shares. traded bonds and similar investments are valued at
initially at cost and subsequently at fair value Itheir market value) at the year end. The same
treatment is applied to unlisted investments unless fair value cannot be meas¥Jred reliably in
which case it is measured at cost le55 impairment.
The statement of financial activities includes any realised or unrealised gains or losses on the
sale of investments and any gain or1055 resulting from revaluing investments to fair value at the
end of the year.
1.6 Llabllity recognition
Liabilities are recognised a5 soon as there is a legal or constructive obligation commlttlng the
charity to the expenditure.
1.7 Related party transactions
There were no related party transactions that require distlosure.
Page 11

THE BOYLE & PETIT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2. INCOME FROM DONATIONS, LEGACIES AND GRANTS
Unrestricted Re5trfrted
funds
funds
2024
2024
Total
funds
2024
Total
fvnds
2023
Donations
Grants
Total donations and legacies
In 2023 all income was attributed to restricted funds.
12,468
12,468
12,468
12,468
2,670
2,670
3. INVESTMENT INCOME
Unrestricled Restrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Rental income
11,940
11,940
In 2023 all the investment income was attributed to unrestricted funds.
11.940
11,940
11,893
11,893
4. EXPENDITURE BY CHARITABLE ACTIVITY
SUMMARY BY FUND TYPE
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Charitable activities
5,345
12,468
17,813
6,779
In 2023 the charity incurred expenditure of £2,670 against restricted funds and £4,109 unrestricted
funds.
SUMMARY OF EXPENDITURE TYPE
Totsl
2024
Total
2023
Building costs
Other charitable costs
Total
16,157
1,656
17,813
4,168
2,611
6.779
Page 12

THE BOYLE & PETYT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
S. SUPPORT COSTS
Basis of
Allocation
Activitie5
Total
2024
Total
2023
Accountanry fees
1,022
1,022
846
Secretarial expenses
1.750
1,750
1,500
Total
2,772
2,772
2,346
During the year ended 31 March 2023, the charity incurred unrestricted expenditure of £2.346.
Governance
Governance
Mr5 C Downs, secretary and treasurer, was paid £1,75012023 - £1.5001 during the year for secretarial
expenses.
6. STAFF COSTS
The charity has no employees Other than the Trustees, who did not receive any remuneration12023 -
£NILI
No employee received remuneration amountin8 to more than £60,000 in either year.
7. FIXED ASSET INVESTMENTS
Listed
securities
Market value
At l April 2023
Disposals at carrying value
ILossllGain on revaluation
At 31 March 2024
20.749
1,700
22,449
Investment at market value comprise:
2024
2023
Listed investments
22.449
20,749
All the fixed asset investments are held in the UK
Page 13

THE BOYLE & PETYf FOUNDATION
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
8. CREDITORS: Amounts falllng due within one year
2024
2023
Other creditors
Deferred grant income
890
1.596
25,882
27.478
18,585
19,475
9. ANALYSIS OF NET ASSEfs BEnNEEN FUNDS
Unrestrlcted Re5trlrted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Fixed assets investments
Current a55ets
Creditors due within one year
22,449
41,871
18901
63,430
22,449
70,456
119,4751
73,430
20,749
74,016
127,4781
67,287
28,585
18,5851
10,000
10. TAXATION
The Foundatloll 15 a registered charity and does not trade for tax purposes. It is not liable to corporation
tax on its surplus.
11. MOVEMENT IN RESTRicfED FUNDS
2024
2023
Balance brought forward
Income
10,000
10,000
12,468
2,670
112,4681 12,6701
Expenditure
Transfers between funds
10,000
10,0
12. FIXEDASSETS
The balance sheet of the charity does not include any of the buildings and land as fixed assets.
Thi5 15 in contravention of Accountin8 and Reporting by Charities- Statement of Recommended
Practice ISORP FRS1021. The Trustees leel that it is irrelevant for as long as the slte continues to
be used as a primary school.
Page 14