2025-03-31-accounts

RISLEY EDIJCATIONAL FO NDATI AL REPORT AND STATEMENT ANCIAL ACTIVITIES YEAR ENDED CHARITY N 70272

RISLEY TIONAL FOUNDATIO TR ' REPORT FOR AR ENDED 31 MAR H202 The Managing Committee present their report and financial statements for the year ended 31 March 2025. The financial ststements hav¢ been prepared in aecordance with the accounting policies 5¢t out in t]ote I to the accounts and comply with the Charity's trnst d¢¢d, the Charities Act 2011 and Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to ¢harities preparing their a¢¢ounts in accordance with the Finan¢ial Reporting Standard applicable Èn th¢ UK and Republic of Ireland effective 15¢ January 2019. The Foundation admiDislers two Charities. They operate schemes set out in the document N54 (S), Sealed on 3 March 1981. Th¢ number of the sch¢m¢ is 627,703 vr. Iii ri o. l Ob ectlv Ani Activltl The Charity is regulated by 8 Sch¢me made by the Board of Edu¢ation on 15 May 1914. It is called the Risley Edue8tional Foundation and its objeciives are to adTninister the properties owned by the Trust. and to administer the funds of the Trust,. to make grants to individual young people, tts mak¢ grants to schools for educational purposes not Provided by the Local Education Authority aDd to make grants to Church oEEngland Sunday Schools in the area of benefit of th¢ Tn￿r. The Charity's main obj¢clive5 are:. Promoting instru¢tion in Church of England doctrioes. Provision of special benefits for schools withi# th¢ aT¢a of ben¢fit. Provision of grants for further education, 25stStan￿ in puwhase of books or equipmenL asststance with ¢dueational Iravel, help in study of music and other a]ts and promoting social and physical training within the civil parishes ol Church Wiln¢ with Draycott and Breaston, Stanton by Dal¢ with Dale Abbey, Sandiacre and Risley with Hopwell. There is one employee employed as a Clerk to the Charity, Mrs E Warren who ¢urrently receives an annual stipend of £3.500 per annum. The Trustees meet at l¢a5t every quarter and at such other times that their business requires it. They ¢on5ideT individual applications for grants and ensure that th¢ requirernents of the Charity Commission as set out in the s¢heme ar¢ fully tnet. They inspect the properties and land own¢d by the T￿st and aim to maintain them in good order. New Trustees undergo an induction to ensure Èhey have a good background knowledge of the charity and of th¢ day to day pro¢¢dur¢ and thai th¢ir responsibilities are clearly understood. Publie Benefit The tTUStees confirnl that the Charity's activitie5 are widespread in the community and confirm they have ¢omplied with their duties under section 4 of the 2006 Charity Act with regard to public benefit. RevÉew of rev ts and Performanee During the past year the Trustees have made grants to the Six %hools in the area of benefit for the Instruction of their pupils in music toialling £19,521.67 (The grant to Friesland School totalled £10,449.60, the grant to Firfield Schtsol totalled £3,444.00, the grant to Cloudside Academy totalled £2,226.00 and the other three 8rant5 w¢r¢ less than £2,000 each). They have made four grants to Sunday Schools in the area of benefit totalling £3.050.88 and they have made ¢kghty-eight indiyidual grants to young people under the age of 25 totslling £52,800.00. This year the grant to individuals was £600 ¢a¢h grant application. They maintain & programme of repairs on the houses th¢y own and through their proEKty agents, Northwood Nottingharn. Their land agents Mill¢r & Miller (Sheffield) have made signifi¢ant progress with updating and issuing new agricultural tenanci¢s to both existing tenants and new ones due io the passing of previous tenants. They have also employed the services of a firm of solicitors, Freeths LLP ¢0 update the charity scheme and this is slill awork in progress with the Charity Commi55ion now holding the infonnation to update the schwne. They will conunue actively to in¢r¢ase the number of grdnts they make to individua15 as well a5 to review the grants made to local s¢hool5. Pag¢ I

Rl EDUCATIONAL F UNDATION TRU ' REPORT FOR TH YEAR ENDED 31 MARCH 2025- CONTINU FinAn al Revlew The Trusl 15 reliant on the tncom¢ from its investments, the income of which wa$ £85,607. This facilitated a continued level of charitabl¢ activity. with £77,803 spent on charitable activitl¢5 In the forni of grant fi]nding lo academic schools. Sunday schools and individllal scholarships in accordanc¢ with the ConstitutLOn. in The attached fmancial statements show the state of finances which the Trus*¢s consider to be sound. antm#kirt P li In accordance with the Trust Scheme the Trustee5 can make grants to a maximum of 5•A of income to Sunday Sehools in th¢ area of benefiL 25Q/o of incom¢ lo schools tn the ar¢a of b¢n¢fit and the balance to individuAls who satisfy the criteria of the schem¢, in th¢ area of benefit. Grants have been awarded as d¢s¢ribed above. Reserves P li Th¢ tNst airns to hold an ad¢quat¢ level of reserves to ¢nable l) A programme of planned maintenance on the properties it owns. 2) Make necessary improvements to the properties. 3) Protect against declines or int¢rruptions to income. 4) Provide for fluciuaiions in income or expenditure. At present th¢ level of reserves held are adequate for the purposes detailed. Investme Poli The land and buildings owned by permanent endowment are the Charity's majoT inv¢stm¢nt. The buildings are maintained to Y4 high standard to maximi5e the total return on the￿ assets. Medium terni funds ar¢ h¢ld with COIF and ChArifund. These are reviewed regularly. The obje¢tives of the investment policy ar¢ to ensllre that assets are suitably invest¢d io sustain good re￿rn& in the current market situaiion. Thi5 year's perfom)ance reflected rnarktt condition5 and was consÈdered to b¢ satisfactory by the twstees. FEREN EAND Nl TRATtVE INF vernane rtdm The m¢mb¢rs of the Managing Cornmittee during the year and their appointing bodie5, where appropriate, wer¢.'- Ex-offieio Truste anent a IntmtR Rev P Selby Rector of Stanton by Dale with Dale Abbey and Risl¢y Rector of Sandiacre Rev O Trelenberg Page 2

RISLEY ED ATI r4AL OUNDATION PORT FOR TH ENDED31 MARCH 2 25- ONTINUED ve Tru forf Due ftsr olntment Rev G Dundas Mr M Wilson Mrm O'Neill Mr P Haryey Mr W Major Mrs P Ancliff Mr R B¢Khing September 2028 March 2028 March 2025 March 2023 March 2027 March 2027 D¢c¢mb¢T 2028 Risley P C Stan￿n by Dale Sandiacie P C Risl¢y P C CO-O t8tive Trustees olnted f ve Mr R Jones-chairperson March 2024 Seeret* Mr5 E Wa￿n R¢spon5ible for day to day running of the chariry The Chairrnan is elected annually by the Trust¢es from their number at the Annual General Meetin The Charitys address is 5 Manor Court Bre&ston, Derbyshire. DE7 3AW The Charity's Custodian Trustee is the Charity Commission. ankers Natwcst Bank PLC, 51 Market Place, L(Fng Eaton, Nottingham. l#de nden miner Matt Brady FCCA. TC Group> Cliffe Hill House. 22-26 Nottinghatn Road, Stapl¢ford, Nottingham NG9 8AA. vernin Documents The Charity 15 governed by lis Trust De¢d, which was established on 3 March 1981 ond 8mend¢d on 6 May 1984. The charitabl¢ obj¢cts ar¢'.- Promoting instwction5 in the Church of England Doctrines. Promotion of Sp￿la1 benefits for schools withEn the area of benefit. Provision of grant$ for further education, assistance in the purchase of books or equipment, assist￿Ce with ¢ducational trdvel, help in study of music and other arts, and promoting so¢ial and physical training, in the parishes of Br¢aslon, Chur¢h Wilne. Dale Abbey, Dray￿tt, Hopwell. Risley, Sandiacre and Stanton by Dale. Linked Charit Charity of the Incumbellt (702720-1) whose objectiv¢$ are to augment the stipend of the in¢umbent for the time being of the ecclesiastical parish of All Saints, Risley. Page 3

Rl LEY EDUCATIONAL F TION TRUSTEES, REP FOR THE YEAR END ARCH 2025- CONTINUED Trustee A t nd Trainin The trustees have served for a Considerable period of time not only with this Charity but are also involved with other Charities as directors and trustees and are familiar with the practical work of thi5 ¢harity and their Tesponsibilitie5 as trustees. isk Mana ement The Trustees have asse55¢d th¢ major risks to which the Charity is exposed, in particular those related io th¢ operntions and finances of the Trnst, are satisfied that systems are in plac¢ lo mitigate their exposure to the major risks. e Year 2025126 To conttnue to keep propertr¢s and land in good order at Laiin House. School House, Laiin Cottage and Latin School. To continue to advertise the grants available to sDJdents To ¢ontinue Working closely with Freeth$ LLP and the Charity Commission to update the 1981 Charity Charter To continue tt> liaise with the land agents Miller & Miller to successfully implemenl new agricultural tenancy agreements to both new and ¢xisting tenants To monitor the interest rates on monetary inve5tm¢nts and mov¢ the investm¢nls into better perforn)ing schemes i necessary. STATEMENT FTR ST£ESI RESPONSIBILITIES The Trustee5 are responsible for preparing the Report of the Trustees and the finaneial siai¢rnents in accordance with applicable law and United Kingdom Gen¢Tally Auepted Accounting Practice. The law applicable to charities in Eng12nd and Wales, the Charities Act 2011, Charity (Accounts and Repotts) Regulations and the provision of the TNst Deed requite the Trustees to prepare financial stalement5 for each financial year which give a true and fair Yiew of the state of affairs of the Charity and of the incomtng resources and application of resources. including the income and expenditure of the Chariry for the financial y¢ar. In preparing those financial stat¢ments, Ihe Trustees are required to: Select suitable aecounling policies and apply them consistently; Observe the Tne¢hod and principles in the Charities SORP. Make judgements and ¢5timat¢5 that are reasonable and prudent., Prepare the f]nancial statements on the going concern basis unless it is inappropriate to presume that the Charity will coniinue in operaiion. and Prepare the fmancial stameDts in accordance with applicable law and UK Generally Accepted Accounting Practice. The Trustees are responsible for maiTrtaining ihe proper accounting records which di￿105¢ with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure the fmancial ststements Comply with the Charities Act 2011. Th¢y also responsible for safeguarding tlJ¢ as5¢ts of the Charity and hence for thking reasonable sl¢ps for the prevention and dection of fraud and other I￿egular1tjes. Pag¢ 4

RISLEY ED CATI NAL FOUNDATiof4 USTEES, REP RT OR THE YEAR ENDED 31 MARCH 2025- CONTI ED This report hag been prepared in accordance with the Statement of Rewmmended Practice; Accounting and R¢porting by Charities. On behalf of the Trus es Date Page 5

JNDEPENDE EXAMINER'S REPORT TO THE TRU TEE RI EDUCATIONAL F NDATION I report to the Trustees on my examination of thc accounis of the Ri8l¢y Education Foundation (Th¢ Trust) for the year ended 31 MaTch 2025. Respon51bllities aDd Ba$ls of Report As the Charity Trustees of the Trust you are responsible for the preparation of the aeeounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report ID respect of my examination of the Trnst's accounts ¢arri¢d out under section 145 of the 2011 Act and in ca)rying out my examination I have followed all the applicable directions given by the Charity Commission under section 145{5)(b) of the Act. Independent ExatnineT'S Statement I have completed tny ¢xamination. I confjnn that no material matter5 have come to my 4tteniion in connection wt¢h the examtnation giving me cause to believe that in any material respect'.- 11 Accounting records w¢re noi kept in respect of the TtUSt 45 required by section 130 of th¢ Act; or 2) The accounts do noi accord with those records- or 3) The accounts do noi comply with the applicable r¢quir¢tnents concerning the forni and content of accounts se¢ out in ihe Charities (Accounts and Reports) Regulations 2008 oth¢r than any requirernent that the accounts give a 'tru¢ and fair view. which is not a rnatter considered as part of an ind¢p¢ndent ¢xa]nination. I hav¢ no ¢oncems and have fOTll¢ a¢ros5 no other matters In ¢onnection with the examinalion to which attention should be drdwft in this report in order to enable a proper understanding of the accounts to b¢ reached. Matt Brady F TC Group Cliffe Hill House 22-26 Nottingham Road Siapleford Nottingham NG9 8AA CA IJ ?f Page 6

RI DUCATIONAL F ND TION TEMENT OF FIN ACTIVITIES RTH EAR ENDED 31 MARCH 202 YeAr to 31 Mhr¢h 2025 Y¢8T to 31 March 2024 Perm#n¢nt Unrestricted Endowment Perrnanent Unrestricted E#dowrntnt Tot81 Total INCOME INVESTMENT COM Investments on UK Stock Exchange COIF Income Shares Charifund 6.980 6.980 6,843 6,843 Other UK Investments NatWe5t Deposit Account Nation81 Savings Bank 515 724 515 724 39 1.026 ,026 IFICOME FROM CHARITABLE ACTIVITIE Rents Received from UK Investment Properties Ockbrook Land Sandiacre Land Ockbrook Land Long Clawson Land Long Clawson Land Long Clawson Land S¢hool House & Land Latin Cottage Latin House Paddock 1,000 740 196 7.727 3,000 3,872 17,797 14,400 18,000 600 1,000 740 196 15,454 2.600 I,000 740 196 15,454 2.600 740 196 7,727 3,000 3,872 17,797 14,400 18,000 600 27.000 12,600 17,100 600 90 27,000 12,600 17,100 600 77 Other Intome Ex Willoughby Charity Wayleaves 2.301 2.301 2.084 79 229 2,084 79 229 234 234 TOTA Pag¢ 7

RISL Y EDUCATIONAL F DATION ATEMETrrf OF FINAN ACTIVITIES FOR T YEAR ENDED31 MAR Year to 31 March 2025 Year to 31 March 2024 PermaDent Unrtstrlcted Endowment Perrnanenl Uttrestricted End¢ywrntnt Total Total TA INCOME BALANCE WF 3,774 81,833 85,607 3,418 91,280 94.698 EXPENDIT ChArltsble A¢tivities- General ExpendTture Grants and Don8tions 20,452 Sunday Schools 3,051 Risley Lower Grammar School Scholarships and Grant Charity for the In¢umbent 20,452 3,051 21,112 4.202 21,112 4,202 54.300 54.300 61,648 79 61,648 79 Charitablt Aetivitks- Property Expenditure Jnsurnnce 3,428 Ele¢trs¢itylWaterlCouncil Tax 398 Repairs- Houses and Cottage 19,129 Legul anil Estate Agents Letting Fees 3.428 398 19,129 20,651 309 14,257 20,651 309 14,257 Support Costs Clerk's Stkpend Postage and Stationery Accountancy Legal Fee5 Miscellaneous and Bank charges 3,500 404 1,500 4,715 609 3,500 404 1.500 4.715 609 3.000 754 1,440 12,677 3.000 754 1,440 12,677 TOTAL RESOURCES EXPENDED 119272 (115,498) 119 72 81,833 (33,665) 149043 (145,625) 149043 91,280 (54.345) (DeductyAdd (Losses)Wnr¢alised Gain5 on Investment Assets 504 NET INCOMINGI{OUTGOING) RESOURCES FOR TIIE YEAR (108,099) 74,530 (34.169) (139262) 113,466 (25.796) GROSS TRANSFERS BETWEEN FUNDS 91 80 NET MOVEMENT IN FUNDS {26,866) {7,303) (34,169) (47.982) 22.186 {25,796) REC NCILIATION OF FUNDS Fund Balances brought forward at l April 2024 232 577 623 868 856 445 280 559 601682 882241 FUND BALANCE CARRIED FORWARD AT 31 MARCH 205711 616 565 822,276 232 577 623.868 856 445 Page 8

RISLEY EDU NAL FOUNDATION LANCE SHEET T 31 MARCH 202S 21125 2024 Permanent Endowment Notes Unrestricted Totsl Total NVESTMENT . reehold Land Rn Land at Long Clawson Land at Hose Land at Sandiacre Land at Ockbrook Lalin House Latin Cottag¢ School House 28,000 68,000 12.500 7.500 43,250 26,000 28,000 68,000 12,500 7,500 43,250 26.000 28.000 68,000 12.500 7.500 43,250 26,000 220 250 220 250 220 250 OTHER INVESTM NT {At 31 March 2025 Valuation) COIF Charities Deposit Fund COIF Income Shares COIF Accumulation Shares Charifund 144,043 144,043 244,696 25,448 126 171 540358 137,244 256,654 25,964 121000 540 862 12,561.02 101.00 8.310.00 244,696 25,448 126 171 396315 CURRENT Bank cu￿ent Account Bank Business Reserve Accounts National Savings Accounts Debtors and Prepayments Cash in Hand SSETS 200 14,700 41,275 11,656 50 200 14,700 41,275 11,656 50 200 49,467 40,552 7,727 50 LIABILITIES: Amounts fallin within one Creditors and Accruals ear NETC RRENT A SETS 205711 205711 TOTAL NET ASSETS 205711 822 616565 £￿76 £ 856445 FUNDS OF THE Pernianent Endowment Funds Unrestricied Income Funds TOTAL CHARITY Fuf4DS 616,565 616.565 623,868 205711 232 577 822 276 £ 856.445 205711 205711 616 565 £ Chairperson - Mr R Jones For and on behalfof the Managing Committee Dated Page 9

Rl Y EDUCATIONAL F DATION OTES TO TH COU]YTS FOR THE Y AR ENDED 31 MARCH 21125 Aecounling Policies The fmaneial statements have been prepared in accordance with the Church Accounting Regulations 2006 togeth¢r with Statement of Recommended Practice.. Ac¢ounting and Reporting by Charitie5 preparkng th¢ir accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Irelond {FRS102) ¢ff¢cliv¢ ] January 2019, and the Financial Reporting Standanl applicable in the United Kingdom and Republic of Ireland {FRSI 02) and Charities Act 2011. Assets atjd liabilities are initially re¢ogni5ed at historical cost or transadion value unless otherwise stated in the relevant accounting policy note. The ¢harity constitutes a publi¢ benefit entity as defined by FRSIO2. The Tru5tees' consider that ther¢ are no material uncertainti¢s about the charity's ability to continue as a going concern. Inc This is accounted for on a re¢¢iYable pu￿oSe in the period to which it relo9. b) Inv COIF in¢ome and accumulation shar¢8 are valued at the mid-price on 31 Mar¢h 2025 and the Charifund Units at th¢ir bid price OD 31 March 2025. Grants Pa a DeÉails of granis are shown in the Trustees, Report. d} nd Losse Unffaltsed gains and losses on revaluaiion of inve5knent assets are included in the Statrment of Finan¢ial Aciiyities. Interest Receiv Interest on funds held on deposit is included when receivable atjd the amount can be received reliably by the charity- this is nornially upon notification of the interest paid or payabl¢ by the bank. Resources Espended Expenditure 18 re¢ognis¢d on an accrual basis as a liability is incurred. Expendi￿re includes any VAT whi¢h cannoi be fully rec(Jvered. and 15 r¢port¢d as part of the expendature to which it relates.. Charitable expenditure Co￿priseS those costs in¢u￿£d by tbe charity in the delivery of its activities and services for its beneficiaries. It includes both cost5 that Can b¢ allocated directly to sucb activities and those ¢￿ts of an indIr￿t naftwe necessary to support them. Support costs includ¢ ihose Costs associated with meeting the consti¢ution&l ar%d statutory requiremenis of the charity and include the audit fe¢s and costs linked to the strategic management of the tharity. All cosis are allocated bettve¢n the expenditure categories of the SOFT on a basis designed to reflect the usc of the resource. Costs relating to a partieular adivity are allocated direcily.. other5 are apportioned on an appropriate basis. TgDEible Fixtd Assets All fixed assets are capitalised Jt cost, where considered appropriate to capitalise. Those purchased by specific gifts and grants have be¢n written off fully in ¢he year of gift. Depreciation 15 provided at the following annual rdtes in order to write off each asset over its estimated useful life.. Fre¢hold Land and Building No ¢harge for depreciation (in¢luded as investment properties) No depreciation is charged on land and buildings as th¢ residual value is believed to b¢ higher than historical cosi. Page 10

RISLEY TIONAL FOUNDAT TE COUNTS F YEAR ENDED 31 MAR 025- CONTIf4UED Debtors Ikbtors are recognised at the settlement amount owed to the Charity or prepaid. Creditors Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in ihtt transfer of funds to a third party, and the amount due to settle the oblÉgation ¢an be measured or esiimated r¢liably. Creditors and provisions are nornially recognised at their settlement amount. FlnAn¢i41 In$truments The Charity has financial &ssets 8nd financial liabilities of a kind thot qualify as basic financial instruments. Basic financial Instr￿Ments are initially recognised ai transaction Value and subsequently measur¢d at their settlement Val￿e. Investmtnts Listed investments held as ¢UTrenl assets are revalu¢d throughout the Ye￿ at mid-ma]ket value at the balance sh¢¢t d￿¢ and the gain or loss on revaluation and disposals taken to the StAteffteTrt of Financial Activities. Judgement and Key Soure¢s of EstlrnatlOD Uneertalnty The prepardtion of accounts using genetally accepted aecounting principles requires management to make estimates and assumptions that affect the r¢port¢d amounts of assets and liabilities ai the date of the accounts and the reported amounts of revenues and expenses during the reporting period. The k¢y estimates and assumptions used in the Financial Siatements are detail¢d in the a¢¢ounting poli¢i¢5. Sllmthary of Net Assets by Funds Original lattds and investments endowed to the foundation are pem]anently endowed fimd4 however th¢ in¢ome arising 15 unrestricred for the pursuance of the Charity's objects. A¢¢ountancy Ch#rge5 Independent Bx8mination following a¢count$ pr¢paration £1.500 {2024: £1,500). The Charity employs one ¢lerk who is involved in the managem¢Dt and administration of the Charity. Total gross stipend amounted to £3.500 (2024.. £3.000). Mileage and expenses r¢imbuTsed during the year to the Clerk totslled £325 (2024.. £nil). There are no employe¢5 eaming more than £60,000. Trn$te¢ Expenses And Related P8Ttie5 Neither Trustee$ nor aT)y person connected with them has received or is due to rer¢iY¢ any expense5 or remuneratioll for the year either directly or indirectly from the ChkTiW5 funds. There are no other relat¢d party disclosures. Freehold Interest In IARd & Buildings The Freehold LaTrd and Buildings shown at the 31 March 1991 valuation of £220,250 cot)stKtute &%5ets held by the charity to generate rental income. No valu¢ has ever been placed on land and buildings known as the English School and building known a5 Latin School 18 their use is restricted to educational purposes and a minimal rental income is Teceived. In aDy event all these assets are held as pemianently endowed funds. It is ihe opinion of the Trustees that the current value 18 in excess of that figure. The Trustees do not Consider the expense of revaluing the Freehold Land and Building5 to be justified given the restrictions on rhe use, and have therefore used th¢ transitional provision of FRS102 to deem the 31 March 1991 value as Cost. Pag¢ll

Rl DUCATIONAL FOUNDATION NOTE THEA COUNT THE YEAR ENDED 31 ARCH 2025- CONTINUED Change In iDvestmentg durlng the year are a$ follows: nent Endowme 2112 2024 Inve Is listed on & ree Stock Exchan MOTket value at beginning of year Add (deduct} net gainl(1055) on revaluation Market value at the end of the y¢ar 403,618 381,432 396315 £ 403 618 nT $trieted 20 2024 Investments: Mark¢¢ value at beginning (>f year Add (deduct) net gainllloss) Market value at the end of the y¢ar 137.244 130,881 144 043 £ 137244 Debtors Rnd Prepayments (unrestricted) 25 2024 Rents Due A¢¢Tued income Prepayments D¢p05its held by management company 7,727 2.507 5.599 11656 £ Liabilitles: Amoll￿ts fglling due withln one year (unrestri¢ted) 21125 2024 Deposits held Cr¢ditors 3.550 Includ¢d within creditors is A holding account for rental deposits which are held in a separate bank account. At 31 March 2025, this amounted to £667 (2024: £667). Funds Unrestricted fund5: Comprise those funds which the trustees ar¢ free to use in accordanc¢ with the chaTitable objects. Pennanejt Endowment funds: Represent those assets which must be held pernianently by the charity? prlncipally buildings and investsnents. En¢o¥n¢ arising on th¢ eDdowmeni fund can b¢ used in accordance with the objects of the charity and is transfe)Ted to unr¢stri¢ied income. Any ¢apilal gains or losses arising on the inyesiments fonn part of the fund. ii. Capitsl Commltment$ All the property repait3 which had been planned #nd committed to in the year were completed at lh¢ year end. P48e 12

RISLE UCATIONAL FOUNDATIO TE O THE ACCOUNT THE YEAR ENDED 31 M 2025- CONTIf4UED 12. Ch4rit8ble Aetlvltle$- Gtneral Expendltur¢ #nd Rental Expenditure During the past year the Twstees have made gr￿ts to the six sch¢)ols in the area of ben¢fit for the instruction of their pupils in music tota115ng £19,521.67 (The grant to Friesland School totalled £10,449.60, the grent to Firfield School totalled £3,444.00, th¢ grant lo Cloudside Academy totalled £2.226.00 and the other three gTants weTe less than £2.000 each). They have made four grants to Sunday Sch(x)Is sn the area of benefit iotolling £3,050.88 and they have made eighty.eight individual grants to young people under the ag¢ of 25 totalling £52,81yJ.00. This year the 8rant to individuals wa5 £600 each grant application. They maintsin a progrdmme of repairs on the houses they own and through their property agents. Northwood Nottingham. Th¢sr18nd agents Miller & Miller (Sh¢ffield) have made sigrtificant progress with updating and issuing new agricultural tenan¢i¢s to both existing tenants ond Dew one5 due to the passing of previous tenants. They have also employed the servic¢5 of a firn) of solicitors, Fr¢¢th5 LLP to update the charity scheme and this is still awork in progress with the Charity Commis5&0n now holding lh¢ information to update the scheme. They will contiEJu¢ actively to increase the numb¢T of grants they make to individuals as well as to review the grants made to local s¢hools. 13. Movement In ￿ndS Movement in funds repr¢5¢nt the movement within th¢ permanent endowment fund a￿d unrestricted income fund in the year 14. Fund Detalls Y¢r End￿1 31 March 2024 Fund G•inlLo55 Fund B¥l8nce5 CArrled Forward Brought FonvArd Investment Furyd Nmts Ineomt ExpEnditllTe Tran5feTS Un￿strICd Incom¢ Funds Ilemian¢nt F4DdowmeTrt Funds Totsl Funds 280.559 601682 882.241 3.418 {149.043) 91.280 6.363 232.577 623 868 856 445 149 043 Yur Elld¢d 31 M#rch 2025 Fund Blavce5 Brought Forw*rd Gain/L085 Fund Bilances Corried ForwArd lrtvestment Fund ]¥ameB Expenditure Trgnjfers Unr¢5trict¢d Income Funds P¢rnian¢nt Endowment Funds Tvtal Yunds 232.577 623 868 3.774 {1 l9.272} 81,833 81.833 0,799 7.303 504 205,711 616,565 822 76 119272 Page 13

SLEY EDUCATI OUNDATION THE AC R THE YEAR EN ARCH 2025- CONTINUED 15. Analysis of Tr4et A$5¢ts by Fund Year Ended 31 March 2025 Unr¢$tricted FU￿d5 Permanent Endowment Fumd$ Total Funds Total Funds 2025 2024 Fixed Assets CutTent AssetslLiabiliti¢s 616.565 616.565 205.771 623,868 232,577 205.711 Fund B8lan¢e 205711 616 565 822 276 Y¢8r Ended 31 March 2024 UnrestrÉeted Funds Permanent EDdowment Funds Total Funds 2024 Total Funds 2023 Fixed Assets Current Asset&lLiabilitie$ 623,868 623.868 232,577 601,682 280,559 232,577 Fund Balance 232 577 623 868 882 241 10. PRIOR YEAR ADJUSTMENT- CORRECTION OF OTHER INVESTMENTS AND CURRENT ASSETS During the preparation of the 2025 financial statements, it was id¢ntifi¢d ihat an investment of £137.244 (2024} was included in current &8sels Tather than other investments within the balance Sheet. It was also di5¢0Yered that the unrealised gains of from the investsnent had been in¢orre¢tly classified as income. Although these errors had no eff¢¢t on total Su￿1￿S, or perforniance of the ¢harity. li did impa¢t th¢ presentation of the balance sheet amd statement of finaneial aotivities. The error has now been corrected through a prior year adjusim¢nt. and the ¢ompardtive figures for 2024 haye been restated a¢Gordingly. l. Impact on StstemeDt of Financial Activitle$- Ye*r Ended 31 March 2024 Unrestricted Unrestricted (After) (Before) ve tme Income tA)$5¢s1Gain Investments 6,363 Other UK Investments Charsties Deposit Fund 6,363 2. Impllct on Balante Sheet- YeAr Ended 31 March 2014 Unrestrleted (After) UnTeStrict¢d (Before) Inv&%tmettts: ther Inv cotF Charity D¢p05it Fund 137,244 Current Assets Charity Deposit Account 137244 Page 14