CHARITY COMMISSION FOR ENGLAND AND WALES Trustees. Annual Report for the period From 1st December 2021 To 31st December 2021 Charity name: South Famham School Trust Charlty rnglstratlon number: 802541 Objectives and Activities Summary of the purposes of the charity as set out in its ovemin document Summary ofthe main activltles In relation to those purposes for the public benefit, in particular, the activities. projects or services identified in the accounts. Statement confiming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Parn 1.17 To provide or assist in the provision of equlpment and fa¢illtle8 for South Farnham School In accordance with the charitys objectlvas the actlvltles of tho trust have been fundraising and invltlng contributions to enable the trust to provldo tho school wfth adequats grants to achleve the assurance detailed in tho trust deed. The Trustees have had duo regard to the guidanco issued by the Charity Commission on public benefrt Para 1.17 and 1.19 pa￿ 1.18 Additional Infomiation (optional) You ma choose to include further statements where retevant about: SORP ￿er￿Ge Para 1.38 Policy on grdnt making Para 1.36 Policy on social investment induding program related Investment P4rn 1.38 Contributlon mad8 by volunteers Other Achievements and Performance SORP r818r8nc8 Due to Covid there has been a continuing Impact on the ablllty of the school to offer the full range of educational activities that ft has provlded for many years. This year the trust has supported ¢)ver 800 children In a Ilmlted rangè of educatlonal a￿1VitieS including educatlonal day vlslts and workshops. Summary of the main achievements of the charity. identity'ng the drfference the charitys work has made to the arcumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 The Trust has provided grants to support tho funding of IT equipmen( a vldeowall, the infant play street and the new junior Ilbrary. Due to the ongoing situatlon wlth Covid no residential trips were planned for 2021. Since the year end theso dld resume In 2022. Th• trust Is Ilkely to be asked to support thg omployment of additional staff at the school depending on the funding allo¢atlon in futuro years. Funding boyond 2022123 is not yet detsrmlned and Impact of Covid at the school Is ongolng rnduclng Certain income streams and resulting in increased costs for cleaning. 8aniii3ors and other items. Additional Infomiatlon {optlonal) You ma choose to include further statements where relevant about: Achievements against objectives set P*a 1.41 P8rfonnance of fundralsing actlvlties against objectives set P*a 1.41 Investment performance against objectives Pwa 1.41 Other Flnancial Review Review of the charilys financial position at the end of the period Parn 1.21 During tho year the trust had £271,395 Incoming resources arKI £139.587 resources oxpendod. Of the total Income £214.537 was from donations Including gift aid. Grants of £124,502 were paid to South Farnham Educat5onal Trust. Thls is more than last year but less than Usual proT￿Ord￿r￿a¥e￿ftC1¥￿ sertecf OLtytto b8 wA¢ed. 9r8nware￿￿rn[¢1nW InthBSDFAorKeth• ￿￿tDfthegran1I￿y prthldod tr*speSfje4 8eThke￿0Uw. WWihweare noeondWMsaii8thNJ totr*ornnllhglon•bl¥$￿loT&lC￿4rlIylO Y88 ¢rg¢lWfg d*ow A I￿lI11y*S ter4grfU•nai Ms costarKllh4n￿b￿￿&ity PrgvknrMbfgrll•bMtllpJ ff•jre40l￿ b•¥iesVmvtedthèarrthJN tOSBIUBthpthllgalkn atthe few￿rIa date In6trum*nts POD3raph 10.7 FRS102 SORP. Syt4equwi w8urem8ffl18 as pw PEr￿ph 11.1Y to 11.19, FRS102SORP. 2.4 ASSETS T$￿Ibl•tIXaI 168•tsfw TWwor•pn8Jsed N¢Wfan t+U￿*t*￿￿ onp>w. costatleasl uwbycharfty TWorE ¥alLYd alc05L Wa Tr*deP￿￿￿on Lthdarndtsth¥¢dhi rW*•Z InwwofflAed amets Intsryl￿e 8xwJassets. that15. non￿or¢t4ry9￿ts thai¢0 ￿ h•¥e ph>4cal sub51arrnlyjtaTr￿￿thatIe 2￿C￿n￿lIe{1￿1hO¢h8￿tythf￿h pAi¢dy orlwl rfuhts. n*armirUSBknrnte5 ar￿ ffthr•tsuseilor•¢bdo¥wJ kn W9.5 TIK•¢lwltyh•8 hviiag88seets. *, rKfHn0n8was88ts￿thlmSl¢rtt. aruslc, sd8ntstt t￿1￿0￿)3￿8L69op1yYtM Or￿n)nM6ntal I￿l￿tIll￿tartI￿￿d m81ftiahed pdnclpo1￿f0rth*¢thI￿bLQty￿ ttskrThIE*ar￿ cthre. Trdepr¢d• FW*s8etlrThwbmefflslnqLffjied 8harw. Imded t*T)Js *m#arim*sthierts a valL*d atthiWyatco%¢ ar￿sLO$e¢￿￿atI4lrvkn(thWr￿0rkntVol￿l0l tr￿. Tr*tsmtr8akn¢nt1SaPFl￿j to¥nttsted Iwie¥tynents Ur1e￿ fvIr¥aK*￿nn￿b• rnea5LmJ rdWtkn***hGllsell *ff•sured ¥tM*le55 lfflpoirneni Sto* held for 8swrt¢fr#Mt*rf￿Èi￿dO8￿M08￿￿d aith&hyhwor¢05t wr￿t rg•198b* val Nl8 Gwd5 OrSe￿e•S prthldedgs PArtaf4CtrAr5Iat￿￿CI￿ty8[¢ •¢ based ¢Ntr*#￿t4 Pots￿1 by Iternscl 5tD*. Nl4 Yes Wryk Lnwurn551&¥71wd atc0st1q￿1rVl￿[￿e￿lasSth￿tsllk￿ylQ￿c￿Orbtr￿r￿trzcL tetLknI￿19*l1￿llit¥￿erIrw￿art8￿IsGOU￿￿OTa￿OUIrta￿￿TK&j bythe th￿ty. su*￿. they8rt measurnd 8lthtr¢a8h0rothweonsthrnlon￿ tote rerknd. The thantyhos hasTnv6strrt￿uI￿￿￿hll h￿tsfOrm881eoT artdtash ardu¥h Yo1 M&￿ty¢jaI6I¢$S than¢￿>￿3r. ￿￿U4￿C8Sh on dep)wiand cH5h Th•¢t*p￿tte￿i 89 theyldl due. POUCIE8ADOPTED ADDMONAL TO OR DIFFÉRENT FROM Note 3 An8ly$18 of lrtctrm tuna Donaiwjns and 209 lof 88.050 Lo GE￿2￿1 grants bygovernmeTrVother MombBrship subsGnplkns and yponsorship9 are In lub51a￿e donabon$ D￿n￿lOd uods, facil1￿5 and 8gry￿e$ Othor T**41 214,537 214.537 99.435 Charhablo Olhgr Tol•l Olhertrndlng Other Incorn• from Inw4tm•nts'. 1nloros1 IncomB D￿￿Ond Income Rontsiand *ailn Othur 16.228 ome Tgl•l SllpaT*tll Olh•r. Conwjrsbn o1•ndo￿Tn*n¢kn￿1 1Th￿In¢•M• GJlncn diJpDMI ol¥ tsnoibkn f*ed •••elh¢ fcrchB GJin on ¢l¥povJlol• prr¥r¥mm*rnbl Irbvosirnoni RDyulI￿s Imm tho &xPkn￿￿ib)n olhiiè1*tual hL* Othar Tot41 TOTAL INCOME 231 795 o1mrirf9tm￿l¢ft". AllIffl¢0￿ In Ih•prlcryo•rw4Bunr•strkt•d •A¢4•ttof'. Ip10￿* pfovld4 dM¢dpiion*nd 4rnounl•l 114¢1w•rt￿ Intolnromg Inth• Iyorfity pèdodi UlYAl￿ra41on forlhDGOrwprn￿Jts. mD14rlal'. 1phi0sodlsc￿Io Ih n•lLU, •nyprtor CC1T4 (E¥￿1} 1011W3022 Section C Notes to the accounts Icontl Note 4 Analysis of ￿Ceipts of government grdnts This ￿ar Last year D¢s¢ription Government grant 1 Gov8rnmènt grant 2 Government grant 3 Oth•r Total Please provide details of any unfulfilled conditlons and othw ontingencies attaching to grants that have been r¢¢ogni$ed in Income. Please glve detalls of other fomis ol govemrnent as515tance from which the charlty has directly benefited. CC17a (Excel} 1011012022 Section C Notes to the accounls Icont Note 5 Donated goods, facilities and sep4ices Thls year Last year Secondèd staff Use of property Other Please provlde d•talls of th¢ accounting policy for the r8¢0gnitlon and valuation of donat8d good$, facilities and services. Plgaso provldo detalls of any Lbnfulfilled eondltlons and ¢th¢r eontlngancl¢$ atlachlng to resources from donat¢d good$ and services not ro¢ognls•d In In¢omo. Pl¥a59 give details of other forms of other donated good5 and services not recognised in the account5. eg ontrlbulion of unp4Sd voluntter8. CC17a IExeell 10 1011012022 Section C Note5 to the accounts Icontl Notè 6 Analysis of èxpenditure Restrictèd incom• Endowfflent funds fund$ ljnroslrlctqd funds Total funds Prforyear Anal SIS Incurred seeking donat10ll5 Incurred seeking legacies Expenditure on ralslng fund5: Incurred seeking grarils Operating rnefflbership schemes and social lotterie5 Staging fundraising ev8nls Fundraising agent5 Operating charity shops Operating a trading company undertaking non-chariiable Ifading Advertising, marketing, direct mail and Start up costs incurred in generating new source of future incorne Dalabase development costs Other trading activitie5 Investment management costs.. Portfolio mana ernent costs Cost of obtaining investmenl advice 9.396 9.396 5,235 Investmènt adfflinislration costs Intellectual property licencing costs Rent collection. prop8rty r8pair5 and Maintenance charges Administration costs 5,689 5,689 3,584 Totsl expenditure on raising funds 15,085 15,085 8,819 Expendibjre on charitable activitie5 Gran15 to South Famham Edu¢81ional Twst 124.502 124.502 34,564 Total expenditLtre on charitable activities 124.502 124.502 34,564 Separate materi31 item of expense Total Other Total other expenditure CC17a (Excell 10110r2022 TOTX EXPENDITURE 139.587 139.587 43.383 Oth•r Inlorniallon: alys1$ of oxpendliur• an d￿rfIabkn actlvll Acll¥ltyry fundlNJ Tolol I24.￿2 124.502 Tt)lal followlng Items are mal•rW: lths• dl¥dty•• amount•) CC17a (Exc41 12 10110r2ty22 Section C Notes to the accounts Icontl Note 7 Extraordinary items Please explain the nature ofeach extraordinary item occurring in the period. This year Last year Description Extraordinary item 1 None Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extrordinary items CC17a {EX￿1> 13 1011012022 8.1 Plèasè complele this note if the Charity has agreed lo administèr the funds of onother entlty as its agent. Note.- 118 charity is acling a5 an agenl, it should not recognlse the Income in the Staternent of Financial Activities or the Balance Sheet. Amounl received Amount pald out Balance held at period end Descriptionlname of party Related party (Yes orNo This year Last year This year Last year This year Last year None Total 8.2 Wherè a consortia orsimilar arrangement exists whèrèby 2 or morè charities co-opèratè to aehieve economies in the pU￿hase of goods or services, please discose details of any balancès outstanding between any participating members. Descriptlonlname of party Balance held at perlod end This year Last year Total CC178 IEx¢ell 14 1011012022 Section C Noles to the accounts Note 9 Support Costs Please complete this note if the charity has •n•lysed ils expenses using •¢tivlty categories and ha$ support costs. Ba81s of allocation escri methtsdl Ralslno fund* A￿VIty 1 AcU¥lty 2 Actlvlty 3 Grand total Support eost exam les Governance Other Total Ple•se provide detalls of the •¢¢ounling pollcy adopted for the apportionment ol¢osts between activities and any e5timalion techniques used lo calculate their apportionment. CC17a (EX￿1) 15 1011012022 Not• 10 D•tall# of e•rtaln Item• of oxpendltur• 10.1 Fw• for •x•mln4tlon of tho aKounts Pl•••• provld• d•t•M¥ of th• •mountpald for•ny *tatutory •xt•m•l •cnrtlny ol •c¢ounts and o¢h•r$•Nkes proYldedbyyourlnd•p•nd•nt •x•mln•r. If nothlng was yld pl•ase •n¢•r Il'ln the •ppmprfate l)ox(•JJ. Th1• LaBt y••r Ind•pond•nt •x•mln•rf• f••• 1200 1200 •urnnc• ••r¥I￿• oth•r than •udlt or Ind•p•nd•nl •xamlD•tlon NONE NONE Tax ld￿¥0ry f• NONE NONE Oth•r f•M {lor •xamplo: fin•nel*l ad¥lc•. ¢wn•ultanGy• accountancy ¥•NIc￿) p•ld to th• Ind0pend•nt •x•mln•r NONE NONE CC17a (EX￿¢) 16 1Q11012022 Section C Notes to the accounts (cont) Note 11 Paid employees Please Complete this note if the charity has any employees. 11.1 Staff Cost5 This year Last year Salaries and wages Social security costs Pension costs {defined contribution scheme) Other employee benefits Total staff costs Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided. No employees received employee benefits (excluding employer pension costs) for the reporting perlod of more than £60,000 Band £60,000 to £69,999 £70,000 to £79,999 £80,000 to £89,999 £90,000 to £99,999 £100,000 to £109,999 Number of employees Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity 11.2 Average head count in the year The parts of the charity in which the employees work This year Number Last year Number Total CC17a IExcell 1011012022 11.3 Ex.gratla payments to •mployo08 and othern (•xcludlng trusteo8> Please complet8 Man ex*ratla payment Is mad Pl?ase explaln tho natur• of th• payment Pl•aM *tat• th• l•gal •uthorlty or r•a8on for mklng th• paym•nt Pleaso •tate the amount of lh• payment (or valu• of any w•lv•r of a rlght to •n asset) 11.4 R•dundancy payments PIMse complet• Ilany rndund•ncy or temiln•tlon p•ym•nt IS made In tho pwlod. Total amount of payment Th• natur• of tho payment (¢a•h. as••t •tc.) Th• •xi•nt of rndundancy fundlng at the balance Shoot dat• Plw• State the accountlng pollcy for any r￿UndancY or temilnatlon payments CC17a {Ex¢d) 18 1011012022 Section C Notes to the accounts (cont) Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme. 12.1 Please complete this note if a defined contribution pension s¢hem• ffs operated. Amount of contributions recogni5ed in the SOFA as an expense NIA Please explain the basis for allocatlllg the liability and expense of defined ontribution pension s¢heme bètwèèn activities and between restricted and unrestricted funds. 12.2 Please complete this section where the charityparticipates in a defined benefit pension plan but is unable lo ascertain its share of ihe underlying assets and liabilities. Please confirm that altough the scheme 15 accounted for as a defined contribution plan, it is a defined benefit plan. Please provlde such information as 15 available about the plan's surplus or deficit and the implications, if any. for the reporting charity 12.3 Please complele thiTS section where the charity participatès in a multi-employer defined benefit pension plan that is aGGounted foras o defined Contribution plan. Dascribe the extent to which the charlty can b• liable to the plan for other entities, obligations under the terms and eondition5 of the multi.employèr plan CC17a IExrAI 19 1011012022 Section C Notes to the accounts Icontl Note 13 Grantmaking Please cornplete thls nole ifthe charty mad• any grnftts ordonadons whkh In aggrngate lorni a malerlalpart of lh• charitabk activiti85 undertaken. 13.1 Anal￿1¥ of grants pald linclud•d In cost of eharotablo actlvitig•1 rants to Grants to Inst5tutions Indi¥lduolB Analysls Ackn'wty or project 1 Support costs Total or 49.502 49,502 or 75.0 75,0 Acb. or Tot•1 124.502 124,502 Pleas• ontv"Nll"If lh• ch•rtty dogs not Id•ndfy •nthr¥Il￿•t¥ supporf costs. 13.2 Gr•nts mado to Instbtu￿on5 My charlty has made grants to p•rllcul•r Instttutlons th*t4rn m*t•rfallrt th• context of Its grantmaklng. D¢lall$ olthe Institutlon supportvd, purpose of the qTrn¢ and lotalp4ld to èach institution ts •vallabh ort th• charlty's w•b slt•. Please pmvlde d¢tolls olcharlty's URL. Provld• d•l•lls below Y•s No NJm•ty gf In$titutlon Purpos• To provide f8riltie5 for pupils Total amount of rants ald£ 124,502 Soulh Famham Educational Trust Total grants to in5titulions In r•portlng perfod Other unanalysed graftts 124,502 TOTAL GRANTS PAID 124.502 CC17a IExcdl ?011012022 Secllon C NotQ5 lo tho ac¢0￿￿tS NotB 14 TonglblB flxed assets Ple*S¢ ¢ompleteihls Mthe¢h•rftyh•sany1￿q1èl*fvwd•S￿e¥ 14.1 Co*totv41uatlon Frtthold land & buSVJItyI Othoi ￿nd & bulk11ry• Flxlum. ltttlws ar Total m•¢hlntrryand tvr Al Ihg beglnning ol U)e y&8r A4dii¢nB Revalua￿ DISPOBB YrJnslurs" Al end of Iha ￿31 t1.2 O•pr•GlIUdn •nd Impalrrn•ntA SLorRB SLorR6 SLcrRB SLarR SLorR Strè&hlLln8 Al￿gInnIng¢tIh* DISPOM D¢precL•iw)n IrnpBimiont Trllnslorn" Al yoar 14.3 N•t book Yal Nol bllok vttluo at th¢ Noi book ¥olue ot Ih end ollhe year 14.4 Imp•1￿•nI P1•414 pm¥ld•• d•¥¢rtprhn olth••vet)tS•ftL C1￿￿￿¥1•￿￿1 Ih•thdto tlJ• ￿0￿￿1110￿ or vld•.' th••*r•¢rj￿ d•r• olth•rnv￿￿1lh Ih•naffl•olthdwnd•nl w•lu•r. Il•pp11¢41J rhomethodj •ppll•d•nd81gt)Illc*ni •¥sympllon¥ rh• ¢arrylTrg •mounllh•twouldh•v•k•w rn¢oynlsedhad ffv•4sser8 be*n e•rtleddnd•r lhg CVStmq4to1. 14.6 Olh•tdts¢ltsxurn 114ny, c4plt•llsvdln rh• conslnjcllon ofl4nglb (11} Plo•seprnvld• th••rnountofconlrnclu41 comffliirnenls fvrVJ• 4¢q¢tlslWon orr4ftglble (iitl Dol•lls offheexisten¢e &mOuntsolpmparty, pff4nl•nd￿￿1Prnent1D wljlcfv Iho¢lJ•rtty b￿les￿￿1edfIl1e orih•i* pledked4s svcuyrtyforll•blllU•x. ' Th& ￿ng￿$"r0￿￿%￿m0Veffl8nrs behseen fi&daSs￿¢2I¢￿$. -Plegse ffjdffAie1heM￿ho￿oIdetyeC￿9lyOrt bydBIFl￿9lh&The￿odnO1jp￿we ISL- 5trwr C¢17b (Excdl 1011013022 Section C Notes to the accounts Note 15 Intangible assets Please complete this note if the charity has any intangible asset5 15.1 Cost or valuation Research & development Patents and trademarks Other Total At beginning of the year Addilions Disposals Revaluations Transfers . At end of the year 15.2 Amortisation and impairments Basis SLorRB SLorRB SLorRB SLorRB Straight Line I"SL")or Reducing Balance {"RB"I Rate Al beginning of the year Disposals Amortisation Impairrnent Transfers" At end of year 15.3 Net book value Nal book value at the beginning of the year Net book value al the end of the year 15.4 Accounting policy Please disclose the accounting policy for intangible fixed assets including.. CC17a (Excell 22 1011012022 Reasons for choosing amortlsatlon rates Pollclos for the recognition of any capltal development 15.5 Impalrnient Please pmvlde a de$crfptk)n of the ovents and circumstances that led to thé re￿gnItIon or reversal of an Impairnient loss. 15.6 Revaluatlon If an a¢countlng pollcy of rnvaluatlon Is adopted, please provlde.. eff•ctlve date of th• rnvaluadon the nam• of Indep•ndont valuw. If appll¢able th• m•thod8 appll•d tho ¢4nylng amount that wouAI have been r•cognlsed had th• ass•ts been carrtod under the cost model. 15.7 Othor dlsc108Urn8 (l) If your Intanglble asset was acqulred by way of grant• pmvldo value on Inltlal rn¢ognltlon and carrylng amount of the asseL (11) Detalls of tho carrylng amounts of any Intanglble assets to whlch the charlty has restrlcted tltle or that ar• phdg•d as s•curlty for Ilabllltles. (111) Please provlde the amount of contractual commltments for the acqulsition of Intanglbl• asse (fv) Stat• th• amount of research and development expendltur• recognls•d as expendlture In the year. (vl) Please detall the headings In the SOFA In which a charge for amortlsatlon of Intangible assets Is Included. (vll) Forany mat•rlal Intanglble assets. please pmvlde a descrlptlon. Its carrylng amount and any remaining amortlsatlon perlod. The 7ransfers' row Is for movements belween fixed asset categ￿eS. CC178 (Excel) 23 1011012022 - Ple8sa Indlcate the method ofdekyeclatlon by deletlng the m•thod not 8pplicabl8 (SL = stralght line,. RB = reduung balance). Also please indicate the rate of dow8￿atiOn.. fLY straight line, what is the anticipated lrfe of the &%set (in years).. raduong balance. what is the percentage annual CC17a (Excel) 24 1011012022 Section C Notes to Ihe accounts Note 16 Heritage assets Ple•$e complete thlsnole if Ihe ch&iityh8s hertta￿$s$￿tS 16.1 G•*8r81 dl$¢lo¥ures forall charltlos hol¢Jlng horftag8 a88018 111 Explaln IhB nJlvrB s¢al• ol h&rllagp as5818 h•ld. )cqul¥lllon. pr*$orvatltsn, Jnd dispo¥al ol horltag¢ asselj. 1&2 Cost orvaluatlon H•rStaGD Total Al ol the ￿ar Ad¢ili¢n$ 01sposals Rev8lv8ii¢n$ Transfers. Al ènd ol the y88r 18.3 Doproclallon an¢ Impalrmènii Slrai9hl Llne {%L"l or Reducing Baianee Al t4olnnlng ol lh• yoar 01sposal¥ Dèpweiaiion Impaim8ni T￿nglers. At end ol ytar 16.4 Nel book valuq Nai botsk value ai Ihe boginnlng ol ihe yeèr Nel bllck valua ai lh• end of Ihg 16.5 Impalmi•ni Pleasopmvlde o de$¢rlpiion of th• trventJ 4ndGlr¢umJtan¢eJ that led to the recognifion Of r8vern•l ol•n Imp•lrm*siivJ& 18.8 Rov&luallon If an a¢countln9 pollcy of revalLtaiion 1$ 8dopi8d, pl•8se provlde.. the effeciiv•dai• of tho r•vWu•tlon lh¢ nAm$ oflrtdtpendentvaluer. Ilappllcable qu8iifi¢•titsns or1nde￿atent valuer the n￿l￿a￿S appl1￿￿1￿ ￿9￿111¢ant￿ssun1￿I1O￿s ysl9nificantllmiiauort$ on the valuallon CC17a (Exthl IOn012022 18.7 Anal￿1¥ of horltago ¥8sgts bycla55 or9roup dlstlngvlshin9 Ihos• at ¢￿t Ihosv al valuatlon At¢OStGroup Total GIoupA Catryng amDunl al ihe Winning ol ihe period Addilions Disposals Dep¢¢iabonlimpaimi8ni Revalua￿0￿ CarTrin9 amount al the end of peri¢d 16.8 Hgritagg assots (where heritage assets are not r•colgn55ed on the balance Gheell lil Explaln Ihe reason why heritage assets have not bogn recognSsed on the balance sheet. 1111 Descrlbe the slgnlflcance and nature of horftag¢ a55èts. hBlpfvl In aJ¥psslng ltrtg v¥luo of heritagg assgts. 1S¥1 Explaln the reason why511s not praelicable lo obtaln a valuatlon ol h¢ritag0 as$ots. 16.9 FI￿ yFarBuM￿ty0f h8ritago a88018 traty8a¢tion8 2015 2014 2013 2012 2011 PuKhases GroupA Group Group C Other GroupA Group Group C OlhEr Total addllSons Charye for lfflpalrmpnt Group A roup B Group C Other Totsl ¢haryo for Impalrfflont 01spos?Is GtDup A- ¢aryng amouni Group B- Car￿n9 amounl Group C Other Total dlsposals CC17alExthl %Q11012022 Section C Notes to the accounts (conti Note 17 Investment assets Please complete this note if the charity has any investment assets. 17.1 Fixed assets investments (please provide for each class of investfnentl Cash & cash equivalents Listed inve5tment5 Investment properties Social investments Other Total Carrying If8irl value al beginning of period Add.. additions lo investments during period. Less.. disposals at carrying value 2,200 448,938 451.140 6.832 6,832 Less.. impairnients Add.. Revèrsal of impairments Addlldeductl- transfer inlloull in the period Addlldeductl- nel gainlllossl on revaluation Carrying Ilairl value al end of year 3,499 3.499 51,306 51,306 12,531 496,745 509,278 "Please speelfy additions resulting from acquisitions through business combinations, if any. Please note that Fair Value In this ¢ontext is the amount for which an asset ¢ould be exGhanged behveen knowlegable and willing parties irt an arm's length transaction. For traded securitie5, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For otherassets where there is no rnarketpriGe on a traded market, it is the tru5tees' or Value￿.￿eSt estimate of fair value. 17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impaiment. Analysis of investments Fair value at year end Co$t less Impaimlent Cash or eash equivalents 12,531 Li$ted investments 496,745 Investment prop8rt1¢5 Social investments Other investmènts Total 509.278 Grand total {Fair value at year end+Cost lèss impairmenil 509,278 17.3 If your charity holds investment properties. please complete the following note: CC17a (Excell 27 1011012022 11) Expl•ln lh• m•thod¥ •nd •1gfimc•nt •umptlon8 In d•t•milnlng th• lalr v•lu• ol In￿lMent PfOP•rty h•ld by th• ch•rlty 111) N•m• or Ind•pend•nt valu•r,11 appllc•bl and r•l•v•nt qu•llllc•tlon• 11111 Pfovld• d•tsll• ol •ny r••trlctloM ¢>n th• Iblllty to r•allH 1Th￿tment prop•rty or on th• r•MItt￿Ce of Incom• or dl•poBal proceed• {Iv) E¥pl•ln •ny ¢ontr•thi•l •bllgatlon• for th• purchu•, ¢on•tru¢tlon or d•v•lopm•nt of Inv•stm•nt prop•rty or lar rnpalrn. malntonan¢a or •nh*ne•m•fits CC17a (Exc411 1a111Y2022 17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet. Analysis of current asset investments Th1$ year Last year Cash or Cash equivalent$ Listed investments Invèstmènl properti•s Social investments Othèr investments Total 17.5 Guarantees Please providè details and amount of any guarantee made to or on behalf of a third party Name of the entity or entities benefitting from those guarantees Pl&asè explaln how thè guarant¢¢ fvrthèrs thè charity's aims 17.6 Concessionary loans Description Thls year £ Last year £ Amount of concessionary loans made (Multiple loans made may be dls¢losedl*p aggregate provAded that suclr aggregation doe5 not obsure significant informalionl. Total Description Thls year £ Last year £ Amount of coneessionary loan5 received (Multiple loans recelvedmay be disclosed in aggregate provided Ih31 such aggrÈgallon does not obsure significant informationj. rotal Tem)s and ¢ondition5 eg interest rate. security provided Value of any concessionary loans which have been committed but not taken up at thè reporting date Amount5 payable within 1 year CC17a IExeell 29 1W1012022 unt• yyabl• •ft•r move th*n 1 >Y Affbount8 r•￿1¥•bI• wlthln 1 Amounts r•c•lv•bl• •ft•r mor• than 1 y• 17.7 Addltlonal Infofmallon Pl•u• provld• Inforniatlon about th• •19nlficanu of InNwlm•nt• to th• chirlty* flnanclal po•ltlon or p*lom￿ne• 40. t•rm• and condltl¢)n• of lo•n• or th• u#• of h•dglng 10 m•naoe fln*nel•l rf•k. Far all Inv•stm•nts me••urnd •t f•lf v•lu•, th• b*#l• for d•t•rnilnlng th• valu•, Indudlng •ny a•$umptEoM •ppll•d whw u•lng • v•lu•tlon t•ehnlqu•. Wh•r• a ch•rlty pro¥ldad flnancl•l forn) of ••curlty. the carrylng amount of th• fln•nclal ass￿ pl•dg•d a• ••curfty and the tem •nd •x•ndltlon• r•l*tlng to It• pl•dg•. CC17a {Exc41) 1LV11Y2 Section C Notes to the accounts Icontl Note 18 Stocks Please complete thls note if Ihe charity holds any stock items 18.1 Please state the carrylng amount of stock and work in progress analysed between actlvltles. stock Donated goods Work In progress For distribution For r8$ale For distribution For resale Charitable activities: Op¢nlnq Added In perfod Expensed In perlod Impalr•d Closlng Other tradlng actlvltlos.. Op•nlng Added In p¢rfod Expensed In perfod Impalred Closlng Other: Op•nlnp Added In porlod Expensed In porlod Imwlred Closlng Total this year Total previous year 18.2 Please spoclfy thè Carrying amount of any stocks pledged as security for liabilities CC17a (Excell 31 1011012022 Section C Notes to the accounts (cont) Note 19 Debtors and prepayments Please complete thls note ITf the charity has any debtors orprepayments. 19.1 Analysis of debtor8 Thls yaar Last year Trade debtors Prepaymgnts and accrued Incomo Other debtors Total Please Gomplete 19.2 where a materlal debtor Is recoverable more than a year after the reporting date. 19.2 Analysls of dèbtors ro¢ovgrablo Sn more than 1 year {Included In debtors above) This ygar Last year Trade debtors Prepayments and accrued Income Other debtors Total CC17a (Excell 32 1011012022 Section C Notes to the accounts {contl Note 20 Creditors and a¢¢ruals Please complete this note if the charity ha5 any creditots or accruals. 20.1 Analysis of creditors Amounts falling due within one year This year Last year Amounts falling due after more than one year This year Last year Accruals for grants payable Bank loans and overdrafts Trade ereditors Payments received on account for contracts or perfomiance-related grants Accruals and deferred income 1.200 1,200 Taxation and social security Other creditors Total 1,202 1.202 20.2 Deferred income Please complete this note if the charity has deferred in￿rne. Please explain the reasons why income is defeThed. Movement in deferred income account This year Last year 8alance at the start of the reporting period Amounts added in current period Amounts released to incorne from previous periods Balance at the end of the reporting period CC173 (Excell 33 1011012022 Section C Notes to the accounts Icontl Note 21 Provlslons for liabilities and Charges Please complete this rjote if you have Included in charity expenditure anyprovisions. A pmvislon Is made when the charity has a liability of unwtain timing or amoun 21.1 Please provlde: - a brief descrlptlon of any obligations on the balance Sheet and the expected amount and tlmSng of resulting payments: an indication of the unGgrtaintios about tho amount or timing of those outllows. and - the amount of any expected reimbursement. stating thg amount of any asset that has been re¢ognised for that expected reSmburgement. 21.2 Movgments In recognlsed provlslons and fundlng Gommltment durlng the perlod Th58 year Last year Balance at the start of the r•portlng porlod Amounts added in current perlod Amounts charged against the provlslon In the current ￿rIOd Unused amounts reversed during the period 8alan¢e at the end of the reportlng perlod 21.3 For any fundlng commitmont that is not recognlsed as a Ilability or provisioni provide detalls of commitment made, the time frame ofthat commitment, any pgrformance-related conditlons and details of how the commitment will be funded (with contracts for capltal expenditure separately Identlfiedl. 21.4 Whère unrtrstrict￿ funds havg been designated to a fund commitment. please disclose the nature of any amounts deslgnated and the Ilkely timing of that expenditure. CC17a {Excell 1011012022 Not• 22 Oth•r dI￿10•UN• fordobtorn. cl￿￿ •nd oth•rb••lc flMncl•l In•tNffl•nts 2a.1 Phao6 pro¥ldo Inforn￿on gbout th• •l¥nHS¢•n¢• of fln•n¢l•l In•ttym•nts (•9. d•btw•. ¢f•dl¢orn, Invo•tm•rt• •t¢l totho GhllrlV• flnHncl•l pMStl¢>n or p•rforniAnc8. for ￿8mPl•. th• torn1• and ¢•ndlUtyM ollo•n• or th• u•• •lh•dglngt•fft•n•8• flmnclal rf•k. 222 Wlh <￿￿ty*￿ pra¥W•d ftnwKld Aw1• u • form ol ••¢uelty. th• •mounl ofth• fin•n¢l•l ••ts •• wcurfty•nd th• t•nn•4Th1 Gonhlon• rolAt•d lo Il• pt•dq• b• glwn h•r•. CCf70 (EM¢dl 11Y10r2022 Section C Notes lo the accou nts Icontl Nots 23 Continggnt liabilitie5 and contlngent assets 23.1 Contlngent Ilabllltles Whora tho charity ha8 contlngent Ilabllllltles, p1&98e complet• th• followlng sectlon unlem the possibility of thelr exlstgnce Ss remote. l)escrfptlon of ttem including ils legal naturn. Please descrlbè any securfty provld8d In conno¢tlon to tho Ilability. Estlmate of Ilnanclal affect 23.2 Contingent assots Where the charlty has ¢onting¢nt assets, ploaso Complete tho followlng 8eCtlon when thelr exl8tence probablo Doscri lon of ft•m Estlmato of ffinanclal effect 23.4 Olher d18closurns for contlngent assets andlor Ilabllltles Pl•a8• provlde the followlng Inforniailon where practlcable: Explain any uncgrtalntlos relating to the amount or tlming of settlement" and the p05sibilty of any reimbursement roll Is not practi¢al to mako one or moro of th980 dl8closures, ploaso State thls fa¢t CC17a (Exe81) 36 10110r2022 Section C Notes to the accounts Icontl Note 24 Cash at banlK and in hand This year Last year Short term cash invoslm¢nts11¢5s thHn 3 m(rfrth$ m*urity dats} Shortterm dep05it5 Cash at bank and on hand Other Total 1.324.518 1.239,142 1.324.518 1.239.142 CC17a{Excd) 37 10110f2022 Section C Notes to the accounts Icontl Noto 25 Falr value of assets and Ilabllltlos 25.1 Plo••o provld• dot•ll• ol th• ¢harlty• •xpo8ur• to crodSt rbsk (tho rlsk of Incurrlng a108• due to a dobtor not paylng what18 owed) I Ilquldlty rl8k (the rl8k of not b•lng abl• lo m••t Short t•mi flnanclal dem8nd•) and mark¢l rlsk Ith• rf8k that tho value of an InvMtm•nt wlll fall duo to ¢hang•8 In the rnarket) arlslng from flnanclal In•trument• to whl¢h th• ¢harlty18 •xposod at th• •nd ol tho reportlng porfod and oxplaln how th• charlty manaBa• tho•0 fl•k•. 25.2 Plouo glve detall• of tho arnount of chang• In the falr value of ba8lc flnanclal Instrument8 {debtorn, credltorn, Inv•8tm•nts (8•0 8OCtlon 11, FRS 102 SORPII m•a8ur•d at falr value through the SOFA that18 attrlbutable to chang In crodlt rl•k. CC17a (Ex¢81) 1011012022 Section C Notes to the accounts {¢ont) Note 26 Events after the end of the reportlng period Please complete this note events (not requlrlng adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period. Please provide details of the nature of the event Provide an estimate of the financlal effèct of the event or a statement that such an estimate cannot be mad8 CC17a (Excell 39 1011012022 Section C Notes to the accounts Icontl Note 27 Chari funds 27.1 Details of material funds held and movements during the CURRENT reporting period Please give details of the movements of material individual funds in the reporting period together with a balancing figure for Dther funds.. The Total funds. figure below should reconcile to Total funds'in the blanace sheeL ' Key.. PE- pemianent endowment fvnds.. EE- expendible endowment funds.. R- restrictedincome ffunds, including special trusts, of the charity.. and U- unrestricted funds un Fund balances carried forward balances brought fO￿ard Type PE, EE RorUR" Purpose and Restrictions Gains and losses Income Expenditure Transfers Fund names To assist in the provision of equipment and facililes for South Farnham Sch(M)I Unreslricled Funds 1.689,080 231,795 139,587 51.306 1,832,594 other funds Nla Nla Total Funds 1,689.080 231,795 139.587 51,306 1,832,594 CC17a (Excell 40 1011012022 Section C Notes to the accounts Iconll Noto 27 Cha funds cont 27.2 Details of materfal funds hold and mov8rnents during the PREVIOUS reportlng perfod Please give delails ollhe movements ofmalerial individualfunds in the reporting period logelherwlth a balanGing fjgure for V¢herfunds'. The Toialfvnds'figurn belowshouldre¢on¢lle to Tol8lfunds'in the blanace sheel. ' Key.- PE- pemianent endowment lund5.' EE- expendlble en¢¥owmentffunds.' R. restrictedyncome funds. including specy81 Irusts, ollhe charlty.. and U. unrÈ$trrtied funds balan¢88 brought lorward balances carritrd forward Type PE, EE RorUR' Galns and Purpose and Restrictions In¢orrto Expenditure Ju Transfè 108S6S Fund fiamfj5 To assisi in Ihe provision uf equipment and faaliles for SOU￿ Farnharn School Unre51ricled Fund5 1.607,851 115.009 9.603 1.689.080 Otherfunds Nla Total Funds 1.607.851 715.009 43.383 9.603 1.689.080 CC17a (Excoll 1011012022 Section C Notes to the accounts Iconll Noto 27 Charlty fund• (cont) 27.3 Tran•hr• b¢tw¢en funds R•a•on for trnnsfor and whero ondowment18 converted to Incom•, Owor for It8 conver8lon Amount Between unrestricted and restricted fvnd8 8etween 8nd0v￿ent and regtricled funds BelvKen endowment and unreslricled funds 27.4 Dosl nated fund• Plannod u•0 Pu 0•0 of the de81 natlon Amount CC17a {Excell 10110r2022 Ilt4J29 TOT•L ¢¢1?4(EW i(*rbXI Section C Notes to the accounts Icontl Note 29 Addltlonal Disclosures The followlng are slgnmcant matters which are not covored In other notos and need to be Included to provido a proper understandlng of the accounts. If there 1$ Insufficient room here. please add a separate sheot. CC17a (Excel) 1011012022 DocuSign Envelope ID: 4DAF239B-13F5-47AD-B7DB-47E84636A9C8 ## SOUTH FARNHAM SCHOOL TRUST ## INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 ## **Independent examiner's report to the Trustees of South Farnham School Trust (the 'charity')** I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2021. ## **Responsibilities and basis of report** As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest 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. 17-Oct-2022 Signed: Dated: Janice Matthew FCA **Menzies LLP** Chartered Accountants Centrum House 36 Station Road Egham Surrey TW20 9LF