CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1st January 2023 To 31st Decamber 2023 Charity name: South Farnham School Trust Charity registration number: 802541 Objectives and Activities SORP ref8renc6 Summary of the purposes of the charity as set out in its overnin document Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Statement confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.17 To provide or assist in the provision of equipment and facilities for South Farnham School In accordance with the charity's objectives the activlties of the trust have been fundraising and inviting contributions to enable the trust to provlde the school with adequate grants to achieve the assurance detsiled in the trust deed. The Trustees have had due regard to the guidance issued by the Charity Commission on public benefit Para 1.17 and 1.19 P8r8 1.18 Additional informatlon (optional) You ma choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Par8 1.38 Contribution made by volunteers Other Achievements and Performance SORP ref&rence This year the trust has supported over 800 chlldren in a limitsd range of educational activities including educatlonal day visits and workshops. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 The trust has also supported IT projects and new Hall curtains. The trust is likely to be asked to support the employment of additional staff at the school depending on the fundlng allocation in future years. Funding beyond 2024125 is not yet determined but budgets are tighter than ever golng forward. The trust Is also Ilkely to be asked to SUPPOrt a large capital project being planned to replace the school gym. Plannlng permission has been granted for this project and budget costings are bein ared. Additional information (optional) You ma choose to include further statements where relevant about: Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Par8 1.41 Other Financial Review Review of the charity's financial position at the end of the period Para 1.21 During the year the trust had £515,168 incoming resources and £233,937 resources expended. Of the total income £483.828 was from donations including gift aid. Grants of £221,840 were paid to South Famham Educational Trust. This is a similar level to last ear. The trustees have determined the most appropriate current need is to hold reserves at a significant level to 'underwrite the employment of additional staff and remain in a position to support the school's request for funds., £504,086 is currently invested in low rlsks stocks and shares using an independent financial advisor through A J Bell Investcentre. The remaining reserves are held in cash in a number of different accounts. £2,258 213 NIA Statement explaining the policy for holding reserves stating why they are held Para 1.22 Amount of resenies held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.22 Para 1.24 NIA Para 1.23 NIA Addltlonal information (optional) You ma choose to include further statements where relevant about: The Trust's main source of funds Is from donation5 including Gift Ald. The charity's principal sources of funds (including any fundraising) Para 1.47 The Trust have engaged an independent financial adviser to provide advice on the investments being held by the Trust. Investment policy and objectives including any social investment policy adopted Para 1.46 The Trustees meet once a term. At least once a year the trustees consider the risks associated with the trust. During Covid meetings have been held remotely. A description of the principal risks facing the charity Para 1.46 As we are now out of a period of Covid the income of the Trust increased due to an increase in voluntary income. There has also been a sllght increase in grants made to South Farnham Educational Trust as more lanned activities were Other able to go ahead. This will continue to be closel monitored b the Trustees. Structure, Governance and Management Description of charity's trusts: Type of governing document Iti,.Ist deed, ro!31 cliarter) Para 1.25 Trust deed dated 28th November 1989 and deed of variation dated 10th May 2002. How is the charity constituted? L 1111111¢.gri3orated association. CIOI Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Trust Para 1.25 Resolution of the other trustees Addltlonal Informatlon (optional) You ma choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 South Farnham School Trust has a wholly owned subsidiary called South Farnham School Services Ltd. Any profits made by this company are paid to the Trust through a Deed of Covenant. Relationship with any related parties Para 1.51 Three of the Trustees (Sir Andrew Carter, Linda Ross and Tony Lennard are also TrusteeslDireGtors of South Farnham Educational Trust. Other Reference and Administrative detsils Chari name Other name the chari uses Re istered charit number Charity's principal address South Farnham School Trust 802541 South Farnham School Menin Way Famham Surrey GU9 8DY Names of the charity trustees who manage the charity Dates acted If not for whole ear Trustse name Offl¢• (If any) Namè of person lor body) entltlod oint trustee ifan Sir Andrew Carter Charles Lennard Chair Mrs Linda Ross Mrs Rosemary Jones Mrs Trudy Gladding Mrs Joan Davies Mrs Esther Franks 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Dlrector name ortwasa roved Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not for whole ear Funds held as custodian trustees on behalf of others Description of the assets None held in this capacty Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangement8 for safe custody and segregation of such assets from the charity's own assets Additional infonnation (optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Independent Financial Adviser David Hewitt The David Hewitt Partnership Name of chief executive or names of senior staff members (Optlonal information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary, Chalr, etc) Sir Andrew Carter Linda Ross Trustee Trustee Date CHARITY COMMISSION FOR ENGLAND ANO WALES SOUTH FARNHAM SCHOOL TRUST Charity ND 802541 Annual accounts for the To eriod Period start date 01.01.2023 erio en date 31.12.2023 Section A Statement of financial activities Restricted Income funds Rocommended categories by activity Unrestrlcted funds Endowment funds Prfor year funds Totsl funds Incomlng resources (Note 31 Incomo and endowmonts from.. Donations and legaaes Charitable 8Ctivitie$ Otrer trading activl¢ies Inveslmtnts Separate material it8m ol Incom$ Olhor Total Resources expended (Note 6) Expendltur• on: Raising fvnd8 CharitBble activities F01 F02 F03 F04 F05 S01 S02 483,828 483,828 390,269 S03 S04 S05 S06 S07 31,340 31,340 19,369 5,16 S06 12,097 221,840 12,097 221,840 10,260 220,866 S09 Separate material item ol •yense Other S10 S11 Total S12 Net incomellexpendlture) before investment galnsl{losses) S13 281,231 14,270 295,501 281,231 14,270 295,501 178,512 48,394 130,118 Net gainslllossesl on investments S14 S15 S16 S17 Net Incomellexpenditure) Extraordinary Items Transfers between funds Other recognised galnsl(losses): Gains and108ses on revaluation of fixed assets for the charity's own use Other gainslllossesl Net movement In funds S18 S19 S20 295 501 295,501 130,118 Reconclllatlon of funds.. Tot81 funds brought forward Total funds carried forward 821 1,962,712 2,258,213 1,962,712 2,258,213 1.832.5g4 1,962.712 S22 Section B Balance sheet Restrlcted Income fund$ Unrestrlcted fund$ Endowment funds Total thls year Total last year Fixed assets Intangible assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 (Nots 15) (Note 14) (Note 16) (Note 17) Total flxed assats B01 B02 803 B04 504,088 504,088 475.330 475,33 B05 Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and In hand (Note 24) Total current ass•ts B08 B07 B08 Bog B10 Credltors: amounts falllng due wlthln one year (Note 20) B11 1,402 1,402 1,302 Net current assets/(Ilabllltles) B12 Total assets less current liabilities B13 1,962, 13 Creditors: amounts falllng due after one year (Note 20) Provisions for Ilabllltles B14 B15 Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted Income funds (Note 27} Unrestricted funds Revaluation reserve B16 2,258,213 2,258,213 1,962,713 817 B18 B19 2,258,213 2,258,213 1,962,713 B20 Total funds B21 1,962,713 Signed by one or trustees on behalf of all the trustees Signature Print Name Date of approval ddlmml A. N. CARTER L. A. ROSS Q¢ilO, CC17a (Excel) Notè 1 Ba¥lB of prnp•AMon 1.1 ofa¢¢ounUnq Thss*4cttwThls hav• b••n prnpJmd und•ithg hlslorfra cortcOnwnl￿ wlth llams Twns￿dI1to1lOr IIXMAttiOThv41uè unies$othèrvriS¢ SiAt&tt Ininerekva*fKlè($1 iOthb&È 4¢e¢uni$. Coun15 Tra par¢din B¢¢othrKe wlln. In¢ st4i¢ffl¢ni¢f R•CThTATrefthdprnthc•'. A￿￿TrI1￿9 ano R9pO￿TrY ty¢haffi￿ PFiPllllll{ th&raccounls In aCco￿anc2wrth Fin&nEiAI RePD￿n9 andw*h" • *AdY￿￿' thoFln¥nrlil RewltySt•ndirf•ppNciblèiAthD Unrtlld KlnlldDm ind iièland (FR510¥ Th•chottycons￿lUI•S a publlc ban•frt •nlty484•lhi•dty FRS 102.. 1.2 Golng conc•rn An expl￿otIon gltothoio li￿0101hAI Eh*ty IB •oTh)g¢un￿￿', alany uDcqrt&lnll•i mHk•th golrwJ¢onc•m 4JIUMP11on doubtfvl., not PMPAMd on ¢onc•mb•wi, WAH11￿101•t￿11 kct pr•pwod 1fiè4¢COunts Bnotn• r1460nwnyl la noirnpwdod a¥ • Bvlng ¢orK•m. 1.3¢￿￿￿ DI iccountlng poll¢y Th•4Ewunl¥ pioi•n1 Ind f•Ir¥￿•￿0Ih• lov￿0￿￿ Fdloim idppt•d IT• ￿011 pthln•d knrd•l }. VJJ th•Y•Mon• UIJJ thy•mounlo1thtt￿￿rn•DEIOroIcty1ln*¥ff•Cth lTrth• ¢urr•nrp•Acd, ••¢hprfoFp•rkdpr•1•ni￿•nd PVAtsd• bbfof• thts#•w•*vnt*tt, JA4 FRS 102 SORP. 1ACh4ngAJto 4¢collntln94•tlrn•l Np ¢nonqesla #r¢ounll h•v• Dr¢uw•dlnth• ioportwpBMttI).46FRB 192 SORPJ. -7lckM ) th•iJ•iiir•qf•nyglt•nWj Ilj wh•r•y•#tl¢•tyh, th•*f¢¢tofth• v1t•n9•th4V￿ prtorpwr•ffor• Nom**l11 ￿¢[Y￿Ar o￿orh9¥¥ b••D knlh• I¥A7 FR8 10280RPI. Y•r -Tlak4i•EVor￿1io piounloAlb•corroctlon forollchll¢crAtntlln•ll•m fllJ)thD4n>uynlafth•f Incom•.' Total Othor: onv8r& of¥ndowm?nl funds Inlo Incom• Galn on dl8POSo1 of a t4ngWe fixfjd Bsool held Gain on dl8POBBI of a Prouramrne r8Lglqd RoyaMia8 from thè a¥F4oh81bn of Sntsll8Ctu Tot*1 TOTAL INCOME 615 168 Oth•r 1n1orm￿lDn'. All IncomB In tho prfory•4rwi* unr•Btrfcl•d •xo•ptfor.' Ipl•aA• provldedmcrtpllon •nd •mounts Wh•r••ny •ndowm•nl fund l* conY•rt•d Into Incom•lnth• portlng p•dod. pl•w* gl¥• th• r••Mnlorth• conv•rnian. W1114n th• In¢Mth• It•m• •bovo lh• fdio%Ylng Iièmj are mDt4rfal.. (pl•1￿ di¢ltr•o Ihtr rwtwo, Ifflo￿lInd w prfor CC17a IE￿1) Section C Notes to the accovnts cont Note 4 Analysis of receipts of government grants This year Last year Descri tion Government grant 1 Govemment grant 2 Govemmont grant 3 other Total Please pmvide detalls of any unfulfilled conditions and other contingencies attaching to grants that have been recognlsed In Income. Please give detalls of other forn￿ or govemment asslstance fmm whlch the charlty has directly benefited. CC17a IEx¢ell 2811012024 Section C Notes to the accounts {contl Note 5 Donatsd goods. facilities and services Thls year Last year Soconded stsff Use of property Othar Please provlde detalls of the accountlng policy for the recognition and valuation of donated goods. fac511ttes and servlces. Pl8ase provide dotalls of any unlulfilled condltlons and other contlngenGlos attaching to resources from donated goods and servlces not racoanis8d in incom8. Plèase giv8 details of other forms of other donated good8 and servlcos not recognlsed In the accounts, eg contrlbutlon of unDald volunteers. CC17a (EX￿1} 10 2811012024 Section C Notes to the accounts Icontl Note 6 Analysls of expendlture Re8tri¢ted Unrèstriet•d ineomè Endovmiènt funds funds funds Totsl fundg Prlor year Anal sis Incurred seeking donations Incurred seeking legacies Incurred s6&king grants Operating membership schemes and social lotteries Stsging fundraising events Expendlture on rnising funds: Fundraising agents Operating charity shops Operating a trading company undertaking non-charitsble trading activi Advertising, marketing, direct mail and start up costs incurred in generating new source of future income Datsbase development costs Other trading activities Investment management costs.. Portfolio mana emenl costs Cost of obtaining investment advice 3,349 3.349 2,415 Investment administration costs Intellectual propety licencing costs Rent collection, property repairs and maintenance char es Administration costs 8,748 8.748 7.845 Total expendlture on ralslng funds 12,097 12,097 10,260 Expondlture on chorltsble a¢tlvlti9s Grants to S(xrth Farnham Educ8ts'on81 Tru81 221,840 221,840 220,888 Totsl expendlturo on charftsble actlvltles 221,840 221,840 220,888 Separats matsrlal Item of exponse Total Other Totsl other expenditure TOTAL EXPENDITURE 233,937 233,937 231,126 CC17a (Excell 11 2811012024 Other Informallon: Anaty81s of expenditure on charltable actlvlllo• Grant fundlng Actlvlty or programm& Actlvltlos und8rtaken dlrgGt Support Cost8 Total th18 year Totsl prtoryear actlvltla8 Activity 1 Activil 2 Olhol Total Grants to South Farnham EdLtC8tion81 Trust 221.840 221,840 220,866 Prlor y￿1 •xp•ndlturo on charftabl• a¢tlv111•8 can b• analy8ed u follo￿. Gr8nts to South Famham Educational Trust Wllhln the expendlturo It￿¥ alx)ve the followlng Item8 are materlal: {plea8e dl•c1080 th8 nature, amount and any prlor year amounts) Included within the gr8nts above 18 £15,fM)O that ha8 been spent on IT equipment at South Farnham Sch¢Jol. CC17a (Excell 12 2811012024 Section C Notes to the accounts cont Note 7 Extraordinary items Please explain the nature of each extraordinary item occurring in the period. Thls year Last year Descrl tlon Extraordlnary Item 1 None Extraordlnary Item 2 Extraordlnary Itam 3 Extraordlnary Item 4 Totsi extrordlnary Items CC17a (EX￿1} 13 2811012024 8.1 Please complete thls note If the charlty has agreed lo administer the fiinds of another entity as its agent. Note.. If a charlty Is actlng as an agen¢ It should not rncognise the income in the Statement of Financial Acuvities or the Balance ShaeL Amount recelved Amount ald out BalanGO held at riod end Do8crfptlonlname of party Related party (Ye8 Thls ear Last ear Th18 ear Last ear Thls ear Last ear Non• Total 8.2 Where a consortla or slmilar arrnngement exists whereby 2 or more charltles co-operate to achleve economles In the purchase of goods or seThlces, please dis¢ose detalls of any balances outstsndlng between any particlpatlng members. Do8criptionlname of party Balan¢a held at rlod end Th18 ear Last ear Total CC17a (Excel) 14 2811012024 Section C Notes to the accounts Note 9 Support Costs Please complete thls note If the charlty has analysed Its expenses u$lng actlvlty categorles and has support costs. Basls o allocatlon scrlbe method) Ralslng fund8 Acllvlty I Actlvlty 2 Actlvlty 3 Grnnd totsl Support COSt exam 108 Govemance Other Total Please pmvlde detalls of the accountlng pollcy adopted for the apportlonment of costs between actlvltles and any estlmatlon technlqufrs used to calculate thelr apportlonm8nt. CC17a (E￿1) 15 2811012024 Note 10 Detslls of certaln Items of expènditure 10.1 Fees for examlnatlon of the accounts Please pmvlde detalls of the amount pald forany statutory ext•mal scrutlny of accounts and other servlces pmvlded by your Independent examiner. If nothlng was paldplease enter V, In the appmprlate box(es). This yoar Last year Independent examlnerf8 fees 1400 1300 Assurance services othor than audlt or Indopendont •xamlnatlon NONE NONE Tax advl80ry fees NONE NONE other fo•8 (for example: financial advlce. con8ultancy, accountancy servlces) pald to the Independont examiner NONE NONE CC17a (EX￿1) 16 2811012024 Section C Notes to the accounts (cont) Note 11 Paid employees Please complete this note if the charity has any employees. 11.1 Staff Costs This year Last year Salaries and wages Social security costs Penslon costs (deflned contribution scheme) Other employee benefits Total staff costs Please provide detalls of expendlture on staff working for the charity whose contracts are wlth and are paid by a related party Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell withln each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter Yrue. in the box provided. No employees recelved employee benéfits (éxcludlng employer penslon costs) for the reportlng 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 em lo ees Please provlde the totsl amount paid to key management personnel (Includes trustees and senlor management) for their services to the charlty 11.2 Average head count in the year The parts of the charity In whlch the employees work This year Number Last year Number Total 11.3 Ex￿ratIa payments to employees and others (excluding trustees) CC17a (Excel) 17 2811012024 Please complete if an ex-gratia payment is made. Please explaln the nature of the payment Please state the legal authorlty or reason for maklng the payment Please state the amount of the payment (or value of any walver of a right to an asset) 11.4 Redundancy payments Please complete If any redundancy or temilnation payment Is made in the perlod. Total amount of payment The nature of the payment (cash, asset etc.) The extent of redundancy fundlng at the balance sheet date Please state the accountlng policy for any redundancy or tennination payments CC17a (Excel) 18 2811012024 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 thls note If a deflned contrlbutlon penslon scheme is operated. Amount of contributions recognised In the SOFA as an expense NIA Please explain the basis for allocatlng the Ilablllty and expense of dofined contrlbutlon pension scheme between activill68 and between restricted and unrestricted funds. 12.2 Please complete thls sectlon where the chartty partlclpates in a defined benefit pension plan but is unable to ascertain ￿ share of the underlying assets and liabilities. Pleasa confirn) that altough the sGheme 18 accountod for as a defined Contrlbutlon plan, It Is a dofinod beneflt plan. Please provlde such Inforniatlon a818 avallable about the plan's surplus or deficlt and the impllcatlons, If anyi for the reportlng charity 12.3 Please complete this section where the charity participates In a muftl-employer deflned beneflt pension plan that Is accounted for as a defined contrlbutlon plan. Descrlbe tho extont to whlch the charfty can be Ilable to the plan for other entitles, obllgatlon5 under the terms and conditions of the multl-employer plan CC17a (Excel} 19 2811012024 Section C Note5 to the accounts (cont} Note 13 Grantmaking Please complete this note rfthe charity made anygrants or donatlons whlch In aggregate fomi a materlal part of the charitable activities undertaken. 13.1 Analysls of grants paid (Included In cost of charltable actlvlliesl ra ran Individuals Analysls ect1 Instltutlons Support costs Total Activ or pio Tri s and Activities 206,840 15,000 206,840 15,000 ICTE ui ment and Network U rade AGlivil or pro ect4 Total 221,840 221,840 Please enter"Nll" If tho charlty does not Identlfy and/or allocate support costs. 13.2 Grants mado to in8titutlons My charfty has made grants to partlcular Instltutlons that arn materlal In the context of Its grantmaking. Dotalls of the Instltudon supported, purpose of tho grant and totsl pald to each Institutlon Is avallable on the eharlty s web slre. Please pmvlde detalls of charlty's Yes No Provlde details below Names of In8tltutlon Purpose To provide facilties for pupils Total amount of rants aid£ 221,840 South Famham Educatsonal Tnjst Total grants to Institutions In reportlng perlod Other unanalysed grants TOTAL GRANTS PAID 221,840 CC17a (Excell 20 2811012024 Section C Notes to the accounts onl Notè 14 Tangiblè fixèd assèts Ple8s• complete thls not• Mlhe charftyhas &nylanglbl• >Yx8da88•ts 14.1 Costor valuatlon Freehold18nd & buildlrvJ8 Othorland & bwldlng8 FIx￿•re& Totsl ma¢hirw and vehicles At the toginning of the vear Addthon$ Ravalu8tbn8 DL8FQ8818 Transfors. At end oftho year 142 D•pr•Gl•kn ¥rKI Impalnnonts •PBo$18 SLorRB SL¢rRB SL¢rRB SLorRB SLorRB Stra￿h¢ Un r'sL"l or ReduoNJ Balane• C'RB'I At beginnino dth• DI6pD8819 Dgprechlon Impaim•nt Tr8n8forn' At •nd olthe year 14.3 Net book ¥•lu• Not book v&lJe 81 the •glnnlng of the year Net book v*uo At th• end of tha yaar 14.4 Imo•lmw Pl••th•pmvld• • tytsertpllon of lh• •v•nts •nd ofrcumst•nc•8 th•tl•tl lo tho rncognlllon or 140 R•v4lu•tlon M•n aceoun¢lny pol1eyo1rnv￿U•ll0ll l# adopt•d. tho n•m• of Ind•pond•nl v•lu•r, If appllc•tsl• umplion• lh• c•rrylng•rnountth•t wouldh•v• boen rneognls•dW Ihe a*8•ts b8•n earrl•dund•r 14.6 1)ther dEsclosurB fi) pl￿$*8￿1• thè•mountofboffawlng eo&ts, Many. cW8lls•dlft tho conslnKdon o11onqll￿0 Ple•sepmvid•th••mouftlof contR¢tu¥l eominknts lor the •cquJ5111on of ta￿le Jii? D•tsNs of th• exisl•n¢•andc8Trfv9 ofpropBty, planfand Bqulpmonl to whkh lh8 ¢harftyhas r•slrfct8dth orlhat8rn ' TITe Yr8n51e)7' ro￿￿ formovements b8hrtFen fv8d 855et c8t8gori8S -Pletse indKate the melhodoldepreoation bydelefrng the mell)od nol ap￿￿ble (SL= str*ht CC178 (Exc011 21 28110r2024 Section C Notes to the accounts Note 15 Intsngible assets Please complete thls note if the charity has any intanglble assets 15.1 Cost or valuation Research & development Patents and trademarks Other Total At beginning of the Year Additions Disposals Revaluations Transfers . At end of the year 15.2 Amortisation and Impairments 'Basis SLorRB SLorRB SLorRB SLorRB Straight Line ("SL")or Reducing Balance "RB" Rate At beginning of the vear Disposals Amortisation Impairment Transfers. At end of year 15.3 Net book value Nat book value at the beginning of the year Net book value at the end of the year 15.4 Accounting policy Please dlsclose the accounting policy for intanglble fixed assets including." R￿￿onS for choosing amortisation rates CC17a (Excel) 22 2811012024 Policies for the recognition of any capital development 15.5 Impairment Please provide a description of the events and circumstsnces that led to the recognition or reversal of an impairment loss. 15.6 Revaluation If an accounting policy of revaluation Is adopted, please provide.. the effectivo date of the revaluation the name of independent valuer, if applicable the methods applied the carrying amount that would have been recognised had the assets been carried under the cost model. 15.7 Other disclosures (i) If your intangible asset was a¢qulred by way of grant, provide value on initial recognition and carrying amount of the asset. (li) Details of the carrying amounts of any intangible assets to which the charity has restrlcted title or that ara pledged as security for liabilities. (ill) Please provlde the amount of contractual commltments for the acquisition of intangible assets. (iv) State the amount of research and development expenditure recognised as expenditure in the year. (vi) Please detail the headlngs in the SOFA in which a charge for amortisation of intangible assets is included. (vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period. The 'Yransfers' row is for movernents between fixed asset categori8S. ' Please indicate the method of depreciation by deleting the method not applicable (SL = straight line,. RB = reducing balance). Also please indicate the rate of depreciation.. for straight lin8, what is the anticipated life of th8 asset (in years),. for reducing balance, what is the percentage annual CC17a (Excel) 23 2811012024 So¢lion C Notes to the accounts conti Note 16 Herltage ass•ts Pl￿se complete thls ftot• if th• charity has heritage assets 16.1 General dl8¢losures for all chariti•s holding heritage a88ets 111 Explaln the natur• and sealt of horltsg• ass•ts held. lill Explaln thE pollcy for th8 acqu151tlon. preservation. management and disposal of h•rltage a86ets. 16.2 Cost or valuatlon Horftag8 asset H•rltag• ass¢¢ Hgrltag• a¥s•t H•rftsg& ass&t Total Al beglnning of the year Additiong Disp08al8 Revalu8lions Tr8nsfars' At end of the year 16,3 0•pr•clatlon and Impalrments Stroighl Lino I'SL") or Reducing Balance R•ts At beginnlng ol th8 y•ar 0ispoBals Dèpr8ci8tK)n Impairment Transfer¥. At ofY￿r 11.4 N•t l>ook Value Nat book v&lu• al th• bgginnlng of the year Net book valu• al th• •nd ¢f the yoar 18.5 Impalrm•nt Please pmvlde • descrfptlon of the evonts •nd elreumstsnee5 that l•d to the recognltlon orr•Yersal ol&n ln1paln￿9lII loss. 16.6 Rèvaluatlon If an accountlng pollcy of rovelu•tion Is •dopttrd, please pmvide.. thè off•ctiv• dat• of the revpluJtlon th• namo of Independent valuer, Il•pplie•bl• quèlfficallons of Indgpondent v•lu•r the methods appliedand slgnlfic8nt assvmptlons ny¥lgnlflc?nt Ilmltatlons on the valuation 16.7 Analysls of her￿aga assèts by ¢las5 or group dislin9uiBhlng those at cost and thosè at valuation CC17a IExcell 24 2811012024 Atv•luation Group A At ¢ost Group Total Carrying amount at the beginning of thè pericwj Additvjns D15posa15 D•prgciatlonlimpairment Revaluation Carrying arnounl Bl the end of perioJ 16.8 Herltage a88et8 (where h?rltsgg a•Bgt• are not recolgnlsad on th• balane• 8h••tl {il Explain the reaBon why hgrltsge a88•ts have not been recognl$&d on thè balane• 8ho•t. 1111 Descrlbè th• Ilgnlfieaneè and natur• of horltsge 08¥9ts. 11111 018clo¥e Informatlon that I hèlplul In asBeS8lng the value of hèNt•g• a8•0ts. Ilvl Explaln tht rèason why It l• not pra¢tlcabl• to obtsln a valuatlon of h*rltsg• a880th. 16.9 Flv• y•ar surnmary of herltuge as58ts tTansaetlons 2015 2014 2013 2012 2011 Pu￿h•S9¥ Group A Group B Group C Other Donatlon• Group A Group Group C Oth Total addltlon• Charge for Impalrm•nt Group A Group B Group C Other Total eharA• for impalrm•nt Dlsposals Grouo A- carryina amount Group B - G8rryina amount GrouD C Other Total dl*po#al8 CC178 (EX￿1) 25 2811012024 Section C Notes to the accounts cont Note 17 Investment assets Pleas• complete this note rf the charlty has any investment assets. 17.1 Fixed assets Investments (please provide for each class of investment) Cash & cash •qulvalents Usted investments Investment propertleg Social Invostmonts Other Total Carrying (fair) value at beginning of period Add: additions to investments during period. Les8: disposals at carrylng value 6,137 469,191 475,330 14,488 14,488 Le88: Impalmi•nt8 Add: Reversal of impairments Addlldeduct): transfer inllout) in the period Addlldeduct): net gainl(Ios5) on revaluation Carryin9 (falr) value at end of year 15,007 15,007 14,270 14,270 5,618 498,468 504,088 *Please 8peclfy addltlons resulting from acqulsltlons through business comblnatlons, If any. Please note that Falr Value In thls context is the amount for whlch an asset could be exchanged between knowlegable and willing parties In an ami s length transactlon. For traded securltles, the falr value is the value of the securlty quoted on the London Stock Exchange Daily Official Llst or equivalent. For other assets where there Is no market price on a traded market, it is the trustees, or valuers, best estlmate of fair value. 17.2 Please provlde a breakdown of Investments shown above agreeing with the balance sheet row B04 differentlatlng between those held at fair value and th080 held at cost le88 Impalrment. Analysls of Investments Falr value at year end Cost less Impalrment Cash or cash equivalents 5,618 Listsd Investments 498,468 Investment propgrt108 Social invostments Other investments Total 504,088 Grand total (Fair value at year end+Cost less impairmgnt 504,088 17.3 If your charity holds investment propertles, pleaso complets the following note: CC17a (EX￿1) 2811012024 (l) Explaln the methods and slgnlficant assumptlonB In determlnlng the falr value of investment proporty held by the charlty (li) Name or Independant valuer, If appllcable, and relevant quallflcatlons (iii) Provlde details of any rnstrictions on the ability to reali88 Investment property or on the remittance of income or disposal proceeds (iv) Explain any contractual obligations for the purchase, construction or development of Investment property or for rnpairs, malntanance or enhancements CC17a (Excel) 27 2811012024 17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet. Analysis of Current asset investments This year Last year Cash or cash equlvalent8 Listed investments Investment prop8rti88 Social investments Other investments Total 17.5 Guarantee8 Please provlde detalls and amount of any guaranto0 made to or on bohalf of a third party Name of the entity or entities beneflttlng from th080 guarantse8 Please explaln how the guarantee furthers th• charlty'8 alms 17.6 Concessionary loans Descrlption Thi8 yoar £ Last year £ Amount of conce881onary loans made (Multlple loans made may be dlsclosed in aggregate pmvlded that such aggregatlon does not obsure slgnlfl¢ant infomiatlon ). Total Amount of conc883lonary loans rocelvod (Muftlple loans recelved may be dlsclosod In aggregate provlded that such aggregatlon doés not obsuro slgnlflcant Informatlonj. Description Th1• year £ La8t year £ Total Terms and condltlons eg Intsrest rate, security provlded Value of any concesslonary loans whlch have been committed but not taken up at the reporting dats Amounts payable within 1 year Amounts payable after more than 1 year CC17a (Excel} 28 2811012024 Amounts ro¢0ivable within 1 y•ar Amounts rncelvablo after morg than 1 year 17.7 Additlonal Information Please provide informatlon about the Slgnificance of investments to the charlty's financial position or perfomiance eg. torms and condltlon8 of loans or the uso of hedging to manaae flnanclal rls For all Inveslments measurnd at fair value, the basls for deternilnlng the value. including any a88umptlon8 applled whon using a valuation tochnlquo. Where a charfty has provided financial assets as a forni of securlty, the carrying amount of the financlal assat pledged as securfty and th6 tsrms and condltlons rolatlng to its plodge. CC178 {Excel) 29 2811012024 Section C Notes to the accounts lconti Note 18 Stocks Please complete thls note If the charity holds any stock items 18.1 Please state the carrying amount of stock and work In progress analysed between activities. Stock Donated goods Work In progress For dlstrlbutlon For rosale For dlstrlbutlon For resale Charltabl• actlvltl•8: Oponlng Added In p•rlod Expensed In perlod Impalred CIo8lng Othor trading actlvltle8: Openlng Added In perfod Expan38d In perlod Impalred Closlng Other: Openlng Added In perfod Exp•n$•d In p•rlod Impalred Closlnq Total thls year Totsl previous year 18.2 Please speclfy the carrying amount of any stocks pledged as security for liabilities CC17a (Excel} 30 2811012024 Section C Notes to the accounts cont Note 19 Debtors and prepayments Please complete thls note If the charity has any debtors orprepayments. 19.1 Analysls of debtors Thls year Last year Trade debtor8 Prepayments and accrued Income Other debtors Total Please complete 19.2 where a materlal debtor Is recovorable morn than a year after the reportlng date. 19.2 Analy818 of debtor8 recoverable in more than 1 year (Included In debtor8 above) Th18 year Last year Trade debtors Prepayments and accrued incomo Other debtors Total CC17a (Excel) 31 2811012024 Section C Notes to the accounts (cont} Note 20 Creditors and accruals Please complete thls note If the charlty has any credltors or accruals. 20.1 Analysls of Creditors Amounts falling due within one ear Thls vear Last year Amounts falling due after more than one year Thls year Last year Accruals for grants payable Bank loans and overdrafts Trade credltor8 Payments recolvod on account for contracts or performance-related grants Accruals and deferred Income 1,400 1,300 Taxatlon and social 80curity Other credltor8 Total 20.2 Deferred income Please complate thls note If the charity has deferred Incomo. Please ex laln the reasons wh Income Is defarred. Movement In deferred Income account This year Last year Balance at the Start of the reportlng perlod Amounts added In curront pgriod Amounts released to income from prevlous pgrlods Balance at the end of the reporting perfod CC17a (Excel) 32 2811012024 Section C Notes to the accounts cont Note 21 Provisions for liabilities and charges Please complete this note rfyou have included in charity expenditure any provisions. A provislon is made when the charity has a liability of uncertain timing or amount. 21.1 Please provide: a brief descrlptlon of any obllgatlons on the balance sheet and the expected amount and tlmlng of resulting payments: an indication of the uncertalntles about the amount or timing of those ouffiows; and - the amount of any expected relmbur8em6nt, ststing the amount of any asset that has been recognised for that expected relmbursement. 21.2 Movements In recognlsgd provlslons and fundlng commltment durfng the perlod Thls year Last vear Balance at the start of the reportlng perlod Amounts added In current period Amounts charged against the provision in the current period Unused amounts reversed durlng tho period Balance at the end of the reportlng perlod A7.J por any Tunaing commmneni tnar Is noi recognlsed as a Ilablllty or provlslon, provlde detai18 of commltment made. the tlrne frame of that commltment, any perfomiance-related condltlons and detalls of how the commltment wlll be funded {wlth contracts for capltal expendlture separately Identlfled). Al.4 ￿nere unresiriciea Tunas nave Deen aesignaiea to a fund commitment, please dlsclose the nature of any amounts doslgnated and the Ilkely tlmlng of that expenditure. CC17a (Excel) 33 2811012024 Section C Notes to the 3CCOlllIts Loiitl Nots 22 Oth•r dl•¢lo•ur•• for d•btorn, credltors and other ba•lc flnancl•l In•trum•nts 22.1 Pl•a8• provldfr Informatlon about the slgnlflcanco ol flnanclol In8trumenis {•g. dobtor crgdltors Invmtments otcl to th• charrty'• nnancl•l pNltlon or pgrfomijnco, lor examplo, tho tsrni• and cond1t1o￿ ol loanB or thg ol h•dglng to manago 22.2 If th• charlty ha• provld•d fln*ncl*l assets as fomi of ¥ecurlty, th• carrylng amount of tho flnan¢l#l a889ts p19dggd •• 8ecurlty and th• tsrm• and conltloni rol•tgd to Its plodgg •hould bo glven h•r•. CC17a (Exce 2811012024 Section C Notes to the accounts (cont) Note 23 Contingent liabilities and contingent assets 23.1 Contingent Ilabilitle8 Where the charity has contingent Ilabllllltles. please complete the following sectlon unless the posslblllty of thelr exlstence is remote. Descriptlon of Item Includlng Its legal naturo. Please describo any securlty provlded In connectlon to the Estlmate of flnancial effect 23.2 Contlnoent assets Where the charlty ha8 contlngent a888ts, please complets the followlng sectlon when thelr exl8tence18 probable Descrl tion of Item Estimate of financlal effect 23.4 Other disclosures for contlngent assets andlor Ilabllltles Please provlde the followlng inforniation where practlcable: Explaln any uncertalntles relating to the amount or timing of settlement; and the possibilty of any reimbursement Where It Is not practlcal to make one or more of these dlsclosures, please state thls fact CC17a (Excel) 35 2811012024 Sectioi) C Notes to the accoLints conti Nota 24 Ca•h atb•nk and In hand Th1• vur La•tvoar Short t•mi cmh InvgStmont• Ile•• th•n 3 monlh¥ maturlty dato) Short t•mi d•po•lt8 Cash at ban1( and on h•nd 755.527 488,685 Total CC17a (Excall 2811012024 Section C Notes to the accounts {cont) Note 25 Fair value of assets and Ilabilities 25.1 Please provlde details of the charlty's exposure to credlt rlsk (the rlsk of incurrlng a1088 due to a debtor not paying what is owed) , Ilquldlty risk (the rlsk of not belng able to meet short tsmi financial demands) and market risk (the rlsk that the value of an Investment will fall due to changes In the market) arising from flnanclal instruments to whlch the charity is exposed at the end of the reportlng period and explaln how the charity manages those rlsks. 25.2 Please glvo detalls of the amount of change In the fair value of baslc flnancial instruments (debtors, creditor8. Investments (see sectlon 11, FRS 102 SORP)) measured at fair value through the SOFA that is attrlbutable to changes In credit risk. CC17a {Excel) 37 2811012024 Section C Notes to the accounts (cont) Note 26 Events after the end of the reporting period Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting perlod but before the accounts are authorlsed which relate to condltions that amse after the end of the reporting period. Please provide detalls of the nature of the event Provide an estlmate of the financlal effect of the event or a statement that such an estimate cannot be made CC17a (EX￿1) 38 2811012024 111111111111 111111111111 111111111111 1111111111 111111111111 1111111111 llllllllllllllli 111111111111 111111111111 1111111111 Iiiiiiiiiiill 11111111111 Section C Notes to the accounts cont) Note 27 Charity funds (cont) 27.3 Transfers between funds Reason for transfer and where endowment is converted to income, I al ower for Its converslon Amount Between unrestricted and restricted funds Between endowment and restricted funds Be￿een endowment and unrestricted funds 27.4 Designated funds Planned use Pur ose of the desl natlon Amount CC17a (Excel) 41 2811012024 Notg 28 Ti8nsa¢tlons with trustèès Ind related partlo5 Mth•¢hwtyhaLFanytransa¢ihns wllhrelaiedp•ths {oth•rthAftth•tyu*we •Mp•ns•s•xpknn•diRwrldanc•nD d•i*#* •f tMn*a¢tioR$ ShouldhpmvldeLlln Ihls note. MtheRAre fto pl•aiv•nl•rYrn•"In 28.1 TDJJtèo fomunprntton and ben•flts Non• olth• tru•tNF hav• beon paldanyrernunernlon orF•c•lwd •ny ¢Nh•r Irom in •nyloym•ThtwNhthdr ch•rltyor• rqlaled e￿ (Trt￿ QrF•l￿) TRUE th Iheperfodth•ehAtyh*&p•ldtr¥$iwsrnmurt•r•tionandbon•ffts. Pt••segfve Ihe afflountol, •nLIIAyl*tsihoritytr. anyRfftunornUonorotherbtn•ntspAlala • tmsi••byth•chwityorJnylft&thrrtlon orcompanyconnectso IL Arnounts p¥ld OrbDnenl￿l￿ty Thlts P•nslon contrtbLni•n La•t TOTAL R•rnun•r4tton Itvdundlnty ord•rb 9tsv•rnlng offlc•V•x Pl•a••#fv•dllialts of whyrnt7wn•rnii•n W•lh•r •npplo>Thi b•n•ll¢•W•rnP• pmvlrf••n •xpl•ft•tlon olth•nAwrn ofllMpym•n¢ 2•.2 TrnBi••i' •xp•n••• Ilth• thrftylju ￿•￿￿¥•1•￿ •xp•n*+*for￿lllWIftu VMlrdtrii•4 d•t•ll• of•w¢h tsan••¢iign• •houldb•provld•dln thh Mlh•rn4rn no to rnpvrt pl•••••nl•r"TnM"In th• bDxb•low. Mlh•M •r• tram￿tIOn1 tornpor4 plH*• •nthr"Fal#•". ND trwl•• th•v• b••n Incury•d ITrw orFa*•l TRUE Typ• of•xpvn•i• v•lrnbwHd Thli y•4r Tr•v•l subjknt•￿A A¢¢¥mmtydutlon OiIMf IplMM•p•etyl.' TOTAL Pl•4M wo¥ld•th• numb•r oftru•t••* r•lmb4md lor •xp•nMA orYh*o •xp•ni•i plld byth• ¢h•wlty 20.3 Tr4nMctlonl$l ￿th r•lal•d p•rtl•i Int•n¥¢ InclvthhTwhw•fvnd¥ knh•ldM Ig•rtforrnl•i•d￿ Mthernw•no Ju¢h rrnn••ciioN. plM•••n 'In th• I￿￿￿VIded. Th*¥￿¥• no I•￿t•d yrtytranu¢#offl• knth• r•p•rtlbvJ p•rl•d ITru• otFal*•l FALse moun m• olth•tru•t•• orr•￿1•￿ pirty R•knMonihlp to chirlty D••crfptl¢)Tr ol¢h• Provlilon fv¥r bid d•bt• at p•rfod 4nd Amount Pl￿0d •nd duvlng r•portln 8oulhFafflh•m Jtru•t••i In comrnon Qrant• pwvkhdt• *upport4¢tlvrth¥ trfp$ Iorth• chWdr•n •t South F•rnhimSchaql In accordinco w￿h I obl•L*% orthe tDJst. 2ZI,•IQ South F4mh Educ4Mowl TN*t J tiu$t••4 In ¢•mmon Adml*l¥hi¢•n 8wvl¢q¥ ZODO lo th• ts¥n$4¢tlon5 above. ple4M pyovld•ih• i•mM•nd¢ondhwnJ, Inrlu¢lng •nyMcurttyanLllheiirfui• For4nyrnirf•dp4rty, pl•M•pmvld• d•t•lls olw C¢17al2K•tJ 42 2eiior2024 Section C Notes to the accounts cont Note 29 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understsnding of the accounts. If there is insufficient room herej please add a separate sheet. CC17a (EX￿1) 43 2811012024 Docusign Envelope ID: C424BA15-E90B-4051-827C-18E25F0B0A20 ## SOUTH FARNHAM SCHOOL TRUST ## INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ## **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 2023. ## **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** Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW which is one of the listed bodies. 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. > Signed:[Matthews] |[Javice] DocuSigned by: Dated: 28-Oct-2024 Janice Matthew FCA **Menzies LLP** Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP Docusign Envelope ID: C424BA15-E90B-4051-827C-18E25F0B0A20