CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 18t January 2024 To 31st December 2024 Charity nama: South Farnham School Trust Charity registration number: 802541 Objectives and Activities SORP reference Para 1.17 Summary of the purposes of the charily 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 confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit To provide or assist in the provision of equipment and facilities for South Farnham School In accordance with the charity'8 objectlves the actlvities of the trust have been fundraising and inviting contributions to enable the trust to provide the school wlth adequate grants to achlove the assurance detailed 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 Para 1.18 Additional information (optional) You ma choose to include further statements where relevant about.. SORP referèncé Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP reference This year the trust has supported over 800 children in a limited range of educational activities including educational 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 the development of focus group classroom areas. The trust is likely to be asked to support the employment of additional stsff at the school depending on the funding allocation in future years. Funding beyond 2025126 is not yet determined but budgets are tlghter than ever going forward. The trust18 also likely to be asked to support a large capital project being planned to provide a new studio for pupils and other additlonal facilitle3. Planning permission had originally been granted for a slightly larger project so an amendment has been submitted and bud et costin s are bein re 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 Para 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 £516,951 incoming resources and £259,890 resources expended. Of the total income £472.244 was from donations including gift aid. Grants of £248,710 were paid to South Farnham Educational TrusL 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., £531,103 is currently invested In low risks stocks and shares using an independent financlal advisor through A J Bell Investcentre. The remaining reserves are held In cash in a number of different accounts. £2,526 737 NIA Statement explaining the policy for holding reserves stating why they are held Para 1.22 Amount of reserves 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 Additional infomiation (optional You ma choose to include further statements where relevanl about: The Trust's main source of funds is from donations includlng Gift Aid. The charity's principal sources of funds (including any fundraising) P8ra 1.47 The Trust have engaged an Independent financial adviser to provide advice on the invesknents 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. A description of the principal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of charity's trusts= Type of governing document I I I'uql cleE,d I'r)IILII (..11,'41'lpi- I Para 1.25 Trust deed dated 28th November 1989 and deed of variation dated 10th May 2002. How is the charity constituted? l ( ll Llll 111 Q.L)I k)01-r'ilpd Para 1.25 Trust 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 Resolution of the other trustees Additional information (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 Trustoes during the year (Sir Andrew Carter, Linda Ross and Tony Lennard) were al80 TrusteeslDirectors of South Farnham Educational Trust. Other Reference and Administrative details Charit name Other name the charit uses Re istered charit number Charity's principal address South Farnham School Trust 802541 South Famham School Menin Way Farnham Surrey GU9 8DY Names of the charity trustees who manage the charity Datès actsd If not for whole ear Trusteo name Offlce {If any Namé of person (or bodyl entitled olnt trustee Ifan Sir Andrew Carter Charles Lennard Resigned 4th April 2025 Chair Mrs Linda Ross Mrs Rosemary Jones Resigned 23rd April 2025 Mrs Twdy 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 Director name ortwasa roved Name of trustees holding title to property belonging to the charity Trustse name Dates acted if not for wholè ear Funds held as custodian trustees on behalf of others Description of the assets None held in this capacity 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 arrangements for safe custody and segregation of such assets from the charity's own assets Additional information (optional) Names and addresses of advlsers (Optional Information) Type of Name Address adviger Independent Financial Adviser David Hewitt The David Hewitt Partnership Name of chief executive or names of senior staff members Ioptional 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 charlty's trustees Slgnature(3) Full namels Position (eg Secretary, Chair, otc) Mrs Esther Franks Charles Lennard Trustee Trustee Date CHARITY COMMISSION fOR ENGLAND AND WALES 'IJ I H FAPIi,:Aliil . ZS CC17a (EX￿1) No￿1 B••l• ol pr•pirnllon 1.1 8i8l• of 4¢Eounllng It*se x¢￿JrrtI n4v¢ bttn prqpkred Wllh rocognl&oJ41 co&t r¥dln accDM•nc•wlh'. tho StslÈTh¢nl ofR8tthTrm•nd•d P￿¢￿¢¢. Accounllnll Rep￿Ing by Ch•ffti wgp4Anglhgirac¢(wnii Inècctsfd4ntsWlhth• Financiol R•porting Slondqtd &W1¢ab￿l￿ Ihe UK and oiif•iAfidlFRS 1W lisuDd Dn 16 W2014 ar￿w￿h. IhtyFlnRThclil Rèptsningsigndwd aPP￿t*jI• Inth• UTh11•0 Kinoiom ￿lA•Public0[ It￿￿r￿¢FRs 1 dwlhlh• Ch&rilie&Acl2Q11 Tho Gh4rfiYcoffl￿lula1 i publlc b•Thtrfll FRS 102. 1.2 Golng conc•rn th•¢on¢luslon ittii Ihv m9cofflc•m', Ot unc•rtBinii*itnM M￿￿t •Dini t¢fic•m 4I1umptlcn doubllul. Wh•r• accounii Ire piopBrooon 4 pMp•MJthD icEDunls ind thé iNion whylh• GhaDlylsnolr•g4rabJ Bi 4 goini concvm 1.sCh￿9• •l&eéduntlng PDIICY Th•4r¢ouni•pi¢s?Trl &tiuo and l•lrvi*w•ndlh• •c¢ou￿n9 pol￿•1*a¥*￿d Ihoio noiol l. Y•i' -MokM•ppIapM￿• Nrf fVlh• n•rw• ￿￿•¢hIng•1￿ •NOvntln9￿y.' prnwld•xfflar• r•ll•bl••ndmor• r•i•v•ntJJrfDrmiOon,' INIJ Ih••fflo¥niofih•rfiuknvnllDruelJllTr•*l•or•&l th• ¢trri•rtpwloo. ••¢bprf¢lP•rlDdpr•••nhd•nil p•rlothb•for•thD••pr•x•nM¢, ).44 FAS IOZSORP. 1A Ch•ng•• to •CCOunllnD i•llmit•• hDngq•io a¢¢Ounii #sllm4l•s n4v• OCCu￿d kntho iipgnino potlQ4 P45FAS 102 SQlln. No. .TK*x•pwoffti• (lJlh•n•itlr• olifty ¢hiny*,' l* Mit•rf•l prt¢ry••r•rpDr* No prloi #riDrh4ve been 5d1￿1￿￿d pedthY{3.47 FRS 102 ÉORPJ. Y• Ilj Ih•natw•of fbgprtOmi a materialpart of the charitable actlvlties undertaken. 13.1 Analysls of grants pald Ilncluded In c08t of charltable activities) Analysls or proiecl 1 s and Acts'vilies In8tstutlon8 Individual8 Support costs Totsl Activil Tri 228,710 20,000 228,710 20,000 ICT Equipment and Network Upgrade Activit or project 4 Total 248,710 248,710 Please ent•r"Nll" 11 the charlty does not Identlfy and/or allocate support ¢08ts. 13.2 Grant8 madè to In8tltutlon8 My charfty has made grants to partlcular Instltutlons that arn mat•rlal In the context of Its grantmaklng. Detall8 of tho Institutlon supported, pury?ose of the grant and totalpald to each Instltutlon Is avallablo on the charlty s web slto. Please provlde detalls of charlty's Y•s Provldo dotalls below No Names of In8titutlon Purpo80 To provide facilties lor pupils Totsl amount of rant8 ald £ 248,710 South Famham Educational Trust Total grants to Instltutlons In reportlng perlod Other unanalysed grants 248,710 TOTAL GRANTS PAID 248,710 CC17a IExcell 20 1411012025 Se¢lioi) C NotLJs to tlie accouiils Iconll Note 14 Tangible fixed a89ets pl￿8• ¢omplet• Ihls note If Ihe ch•trllyha$ •nyl•ngiblo flXed•m￿s 14.1 Costor valuatlon Frnéholtl land & bulldlrwJ8 OthorlJnd & buildings Plan( machln¢ry ond motor v•hlde* Fixluml. Totsl •quikMi*rt At Ihe beqinning of Ihe ve8r Addilhjns Revaluation8 DiÈptssal8 Transfers. At end oftha yè•r I￿2 Depr•cl•tlon •nd Imp8lrmonts SLorR8 'Basl• SLorR8 SLorRB SLorR8 SLorRB stra￿h1 Line I SL"lor Rodu￿￿j 84￿nce At b•ginning of the v•ar Di8P0848 D8pr8¢ialon Impairment Tran•lar8' At •nd ofthe year 14.3 Not book v•lv• Nel bDok valu6 al th¢ beginnlng ollhe year Not book value 51 the end of t￿ year 144 lrno•lmi•nt Pl••s• provld• 4 descrlptlon of th• weftl8 and ch¢um8lanc•# Ihatlod fo lh• r•¢ognlllon or 14.5 Rovaluauon Man •ccounllngpollcyof rnv8ltsaiion l* •dopl•d, th• ¢ffKtlv•dol• of Ihe rnv&lu•tlon Ih•n•nw of Ind•pend•nl v•lu•r, M8pplle•bl• Ih• mthods •pplI￿a+￿Slgn1fftt4ftl •S8umpllt)ns th• ¢*rrylng 8mountthatwouldh•v• b•en r6cognlsédh•dthe assets b8•n c•rrted un¢l•r th• costmodel. 1&6 Oth•r dh¢lo8uM• Ilj Ple8sesl•tè the of bwrowlng costs, M•nyp caplt•llsed Ihe consen￿1￿￿ olt&rylbl• x•dassets and Ihfr capllallsotlon r81• us•d. fll) Plea8epmwid• Ihe amounlof contr4¢lu e•mmllmonts forthe 8cqulsltton oltangibl (ffiij D•l81ts ollh• •xlsten¢e•ndC*r￿"￿9 amounts ofpmp*ty. plonfand•qulpmonl lo whkh Iho clD•rllyh89 r•strkl•dlill• w Ihala pledo6d•$s¢¢urllYforll6bllllles. ' The Yrensfers'mwlsbrmovemenlsbehv88n fjxed8ssg1 catspoites. ' R&as8 in¢*c8le m8lhOdofdep￿i&fr¢n bydsleling Ihe metI￿n0$ ap￿c&blO ISL= slr8wht CC17a (E￿1) 21 1411￿025 Section C Notes to the accounts Note 15 Intangible assets Please complete this note if the charity has any intangible assets 15.1 Cost or valuation Research & development Patents and trademarks Other Total At beginning of the vear Additions Disposals Revaluations Transfers ' At end of the year 15.2 Amortisation and impairments SLorRB "Basis SLorRB SLorRB SLorRB Sli ￿ly11l Liiiv { SL )or Reducing Balance RB" ' Rate At beginning of the vear Disposals Amortisation Impairment Transfers. At énd 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 pollcy Please disclose the accounting policy for intanglble fixed assets including.. Reasons for choosing amortisation rates CC17a (Excel) 22 1411012025 Policies for the recognition of any capital development 15.5 Impairment Please provide a description of the events and circumstances 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 effective date of the revaluation the name of independent valuer, if applicable the methods applied tha carrying amount that would have been recognised had the assets been carrled under the cost model. 15.7 Other dlsclosures (i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset. (li) Details of the carrying amounts of any intangibla assets to which the charity has restricted tltle or that are pledged as security for liabilities. (iii) Please provide the amount of contractual commitments 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 headings 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 movements between fixed asset categories. . Please indicate the method of d8preciation by deleting the method not applicable (SL = straight line," RB - reducing balance). Also please indicate the rate of depreciation." for straight line, what is th61 anticipated life of the ass8t (in years)," for reducing balance, what is the percentage annual CC17a (Excel) 23 1411012025 SoGtioii C Notcs to thp accoLints conl Note16 H•rltsge assets pl￿Se complete this nots rfth• eharlty has heritsg0 #$$•ts 16.1 General di$elo•ur•s for all charltle$ holding hèrltagè assèts {11 Explaln the natur• and seal• of hèrltag• a88ets held. 1111 Explain the policy for th• acqulsltlon. preservation. mana9•ment and dlspLtyal of h•rltsg• 16.2 Cost or valuatlon H•rftago 4¥8•t H•rlt•g• u••t H•rlt•9• A•￿1 Horttag• 4•••t Totsl At beginning of Ihg AddilK)n8 Disposa18 Revalualk)n8 Transfer$. At ¥nd ofthe ￿ar 16.3 O•pr•cl•tlon and Imp•lrm•nts 'Ba818 Strgipht Lin¢ I'SL'I or Reducing BolonoD Al beglnning of th• ￿ar Di¥pos818 D•preciation lrnpalrmenl Tran#f8rÉ' At and of year 16.4 N•t book valu• Not book value 01 th$ booinnlng of th• year b¢ok valuo al the end of the year 16.0 Impalrm•nt Pl•ase prnvldg • d•serlptlon of lh• eyents ¢lr¢umst•nc•s thatled to th• r•eognlllon or r•vers•l of Jn Implmiont108s. 16.8 Revaluatlon Il•n aeeounllngpollcy of r•￿1V•t10n Is •dopted, please provlde.. the effect1￿ dat• olth• r•valu•tlon thè namè of Indopend•nt Volu•r. If appllcablè qUAlllleiflons of Indep￿d•￿t valu•r th• m•thods opplledandslgnilic•ntassumpVons any •lgnifi¢antlimilatlons on the val￿110￿ 16.7 Analys16 of horitago amèt8 by cla88 or group diNtin9ui•hing tho•9 at cost and tho¥e Jtvaluation CC178 IEx¢dl 24 1411012025 Atvaluatlon GroupA Atcost Group Total Carrying amount at the beginning of thè period Addilhtins Disposals Depreci81ionlimpairrnent Revaluation Carrying 8rnounl 81 the end of period 16.8 Hgrltsge ¥uet8 Iwhfrre herltag• a•••ts arg not reco19nl￿d on th• bAlancg 8h•etl 111 ExplaSn thg wtyon why h•rltago a¥¥gts have not been recognl8•d on the balane• 8ho•t. 1111 D••erlb• th• slgnlllcanca and natur• of h8rlta99 ¥880ts. 11111 DISCI￿+ Inform¥tlon that 18 h•lplul In a•￿80ng the value of horltay a88•ts. (lvl Explaln th• rèA•on why It lo not pr•¢tlc8ble to obtaln • valuatlon ol h•rltsq• a•8•ts. 16.9 Ffv• y•ar •umm•ry of h•ri¢•ge as•gts tran8actlon8 2015 2014 2013 2012 2011 Pureha•g• Group A Group B Group C Other Donatlon• Group A Group B Group C Other Total addltlon• Charg• lor Impalrm•nt Group A Group B Group C Other Total charoe for Impalrmgnt Group A- carryina amount Gfou) B- e&rryinA amount Group C Olhar Total dl8posal# CC17a (Excell 1411012025 Section C Notes to the accounts cont Note 17 Investmont assets Please complete thls note if the charity has any investment assets. 17.1 Fixed assets investments (please provlde for each class of investment) Cash & cash oqulvalents Llsted Investments Inv88tm6nt propertles Soclal Investments Total Other Carrying (fair) value at beginning of period Add: additions to investments during period" L•s8: disposals at carrying value 5,618 498,468 504,088 15,554 15,554 Le88: impalrmonts Add: Raversal ol Impalrments Addlldeduct): transfer inlloutl in the period Addlldeductl: net gainl(108s) on revaluation Larrying (fair) value at end of year 4,993 4,993 11.463 11,463 '16,'179 514.924 J31,10 'Plea80 specify addltlons resultlng from acqulsitions through bu8ine88 combinatlons, If any. Please note that Falr Value In this context Is the amount fi)r whlch an asset could be exchanged belween knowlegable and willing parties In an arm's length transactlon. For traded securities, the falr value Is the value of the securlty quoted on the London Stock Exchange Dally Officlal Llst or equivalent. For other assets where there 13 no market prlce on a traded market, It 18 the tru$tses' or valuers, best estlmate of falr value. 17.2 Please provlde a breakdown of Investments Shown above agreelng with tho balance Sheet row B04 differentlating between those held at fair value and those held at cost less ImpalrmenL Analysis of Investments Falr valu• at year end C08t less Impalmenl Cash or cash equivalgnts 16,179 Llstsd Investmonts 514,924 Investment properties Social invostmonts Other investments Total 531,105 Grand total (Fair value at year end+Cost les8 Impairment) 531,105 17.3 If your charity holds investment properties, please complete the following nots: CC17a (EX￿1) 26 1411012025 (l) Explaln tho m•thods and slgnlficant aMumptlon8 In dotermlnlng the falr value of Investmont propgrty hold by tho charfty (111 Name or Independent valu•r, If appllcable, and relevant quallficallons (111) Provlde detalls of any restrlctlons on the ablllty to reallso Inv08tment property or on the rnmlttance of Income or dlsposal proceeds (Iv) Explaln any contractual obllgatlon8 for tho purcha80, constructlon or development of Inv•stm•nt property or for repalr8, malntenanco or •nhanc•ments CC17a (EX￿1) 27 1411012025 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 equlval8nts Llstèd investments Investment prop8rti88 Social investments Other inve8tmant• Total 17.5 Guarantees Ploase provld• detall8 and amount of any guarantee made to or on behalf of a third party Namo of the ontlty or ontities benofittlng from th080 guarantseg Pleaso explain how tho guaranteo further8 tho charlty'8 alms 17.6 Concesslonary loans Descrfptlon Th18 year £ Last year £ Amount of concessionary loans made (Muftlplo loans made may be dlsclosed In aggregats provldod that such aggregatlon does not obsuro slgnlllcant Inft•mJatlon ). Total Descrlptlon Th18 year£ La8t year £ Amount of conc0881onary loans r•coiv•d (Multlple loans recelvod may be disclosed In aggrogate pmvlded thJt such aggregatlon does not obsure slgnlflcant Inf0m￿tion). Total Torms and condltlons og intsrest rats, securlty providod Value of any concesslonary loans which have been committod but not taken up at the reportlng date Amounts payabl8 within 1 year Amounts payable aft8r more than 1 year CC17a (Excell 28 1411012025 Amounts recelvablo wlthin 1 year Amounts r•ceivablg after moro than 1 y•ar 17.7 Additional information Please provide infonnatlon about the 8lgnlficance of inve8tments to the charity's flnancial posltlon or performance eg. temis and conditlons of loans or the use of hedglng to manaao flnanclal risk. For all Investments moa8urod at falr valuo, the ba818 for detemiining the value, Includlng any assumptlons appllod when u8lng a valuatlon technique. Whern a charlty has provlded financial assets as form of securfty, the carrylng amount of the financlal a8Sat pledged as securlty and th8 tem18 and condltlons r8latlng to its pledg8. CC17a (EX￿1} 29 1411012025 Section C Notes to the accounts (cont> Note 18 Stocks Pl•ase complete this not• rf the charfty holds any stock Items 18.1 Please state the carrying amount of stock and work in progress analysed between actlvitie8. Stock Donated goods Work In progres8 For distrlbutlon For r•sale For di8trlbutlon For resale Charltable a¢tivltlo8: Op•nlng Added In porlod Expgnsed In perlod Impalr•d Closlng other tradlng actlvities: Openlng Added In perlod Expensed In perlod Impalred Closlng Othor: Op•nlng Added In p•rlod Expensed In perlod Impalred Closlng Total thls year Total prevlous year 18.2 Please specify the carrylng amount of any stocks pledged as security for Ilablllties CC17a (EX￿1) 30 1411012025 Sectioii C Notes to the accounts cont Note 19 Debtors and prepayments Please complete thls note 11 the charlty has any debtors orprepaymonts. 19.1 Analysis of debtors Thls year Last year Trade debtor8 Prepayments and accrued Incomo Oth8r debtors Total Please complete 19.2 whern a material debtor Is recoverable morn than a year after tho rnportlng date. 19.2 Analysls of debtor8 recovorable In more than 1 year (Included in debtors above) Thls year Last vear Trade debtors Prepayments and accrued income Other debtors Totsl CC178 (EX￿1) 31 1411012025 Section C Nutes to tlie accouiits cont Note 20 Creditors and accruals Please Complete this note If the charity has any creditors or accru81s. 20.1 Analysls of creditors Amounts falllng due wlthln one ear Thls year Last vear Amounts falllng due after more than one ear This vear Last vear Accruals for grants payable Bank loans and overdrafts Trade creditor8 Payments recelved on account for contracts or performance-related grants Accrual8 and deferred Income Taxatlon and soclal security Othor Credltors 1,600 1,400 Total 20.2 Deferred income Please complete this note If the charity has deferred income. Please ex laln the reasons wh Income Is doferred. Movement In deferred Income account This vear Last vear Balance at the start of the reportlng period Amounts added in current perlod Amounts released to income from previous periods Balance at the end of the reporting period CC17a (Excel) 32 1411012025 Section C Notes to the accounts cont Note 21 Provisions for liabilities and charges Please complat• this note if you have included In charity expenditure any pmvisions. A provision Is made when the charity has a liability of uncertain timlng or amount. 21.1 Please provide: a brief descrlption of any obligatlon8 on the balance sheet and the expected amount and timlng of resultlna payments; an indication of the uncertainties about the amount or timing of those outflows; and - the amount of any oxpocted reimbursem8nt, statlng the amount of any asset that ha8 been recognisad for that expected reimbursement. 21.2 Movem•nts in recognlsed provi8lons and funding commltment durlng thg perlod Th18 vear Last vear Balance at the start of the reporting perl¢xl Amounts added In current period Amounts charyed against the provlsion In the current perfod Unused amounts reversed during the perlod Balanco at the end of the reportlng period i.J tror any Tunaing commiimonT rnar Is not recognlsed a8 a Ilability or provi81on, provlde details of commitment made, the tlme frame of that commitment, any performance-related conditions and detai15 of how the commltment wlll be funded {wlth contracts for capital expenditure separately identified). &1.4 vvnere unresiriciea Tunas nave Deen og8ignarea to a fund commitment, please disclose the nature of any amounts deslgnated and the Ilkaly timing of that expenditure. CC17a (EX￿1) 33 1411012025 SeLliuii C Niites to tlie accoiii)t.q coiit Noto 22 Othor dl•closuro8 for dobtor•, cr•ditorn and oth•r ba•lc financlal Sn•trument• 22.1 Plea49 provld• Informatlon •bout th• •1gnlflG•nco of flnanclal In$trum9nts l•g. d•btor•, crgdltorn, Inv•*tmonts •tcl to th• chaibty'• flnan¢l•l poiltlon or porformonc•, for •xamplo. th• t•mi• and condltlons of lo•n• or th• u•• of ￿dgIng to manag• 22.2 If tho Gharlty ha8 provld•d flnJn¢lal a•••t• a• a lorni of •gcurlty, tho carrylng Jmount of th• flnancl•l •¥¥ot8 pl•dgod a• ••curlty and th• tem1• and conltl(bn• r•l•t•d to It• plgdg• •hould b• glven horn. CC17a (Excdl 34 1411012025 Section C Notes to the accounts cont Note 23 Contlngent liabilities and contingent assets 23.1 Contingent liabilitles Where the charlty ha8 contingent Ilablllllties, please complete the following Section unles8 the possibility of thelr exlstence Is remote. Descrlption of Item includlng Its18gal nature. Please describe any security provlded in connectlon to the Ilabllit Estimate of financlal effect 23.2 Contlnaent assets Where the charity has contlngent assetsi plea8è complote the following 8ectlon when their 8xi8tenco 18 probable Descri tion of Item Estlmate of flnanclal effect 23.4 Other dl8closures for contlngent assets andlor Ilabllltiès Please provlde tho followlng informatlon where practicable: Explaln any uncertalnties relatlng to the amount or timlng of settlement; and the possibilty of any relmbur8ement Where It Is not practlcal to make one or more of these dlsclosures¥ please state this fact CC17a (Excel) 35 1411012025 Sectioii C NolLis to the accoiii)ts cont Note 24 Cash at bank and In hand Th18 v•ar L••t vo•r Short term c••h InvMtm•nt• {1088 than 3 month• maturlty date) Short term dgpo•lls C•sh at •nd on hand Oth•r Total 1,997.234 1.755,527 CC17a (Excell 1411012025 Section C Notes to the accounts cont) Nots 25 Falr value of assets and Ilabilities 25.1 Please provlde detall8 of tho charlty's exposure to credit rlsk Ithe rlsk of Incurrlng a1088 due to a debtor not paylng what is owed) , liquidity rlsk (the risk of not bolng able to meet short term flnancial demands) and markot risk (the risk that the value of an Investment wlll fall due to change8 In tho market) arising from flnancial In8trument8 to which the charlty 18 exposed at the end of th• reporting perfod and explaln how the charlty Manages those rlsks. 25.2 Please glve detalls of the amount of change In the falr value of baslc flnancial Instruments Idebtors, credltor8, Investments (See sectlon 11, FRS 102 SORP)) measured at fair value through the SOFA that18 attributable to changes In credlt ri8k. CC17a (Excel) 37 1411012025 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 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 financial effect of the event or a statement that such an estimate cannot be made CC172 (Excell 38 1411012025 111111111111 111111111111 111111111111 1111111111 1111111111 llllllllllllllll 1111111111 111111111111 11111111111 111111111111 11111111111 1111111111 Section C Notes to the accounts (contl Note 27 Charity funds (cont) 27.3 Transfers between funds Reason for transfer and where endowment Is converted to income le wor for Its conversion Amount Between unrestricted and restricted funds Between endowment and restricted funds Be￿een endowment and unrestricted funds 27.4 Designated funds Planned u88 Pur ose of the de81 natlon Amount CC17a (Excel) 41 1411012025 No¢• 20 Tranii¢llonswKh tr￿1*•04￿0 r•th¢•d Parfi•* 1 ThIAtee remunoritlon ind b•ntsf TrUE ryloYM*nt￿lhthèirch•Aty0r1 Ttlit•d •niiiy Ilrn• orF*•} or¢offlp•Try rL¥nnoctsd Amourtts pthld Or bprtèfll P•n5 •dundMnGy IQTAL ￿￿•T, IIOv•mlno docurnEnt} ollk•)f*x Pl•w ylv•d•l•llJ ofwhyrtMun•AIIDnw•th•r 28.2 Trnil•••' •xp•n••A rnt• r•portpl•••••nt•r'Trn•'lnth•bpxb•low. Il¢b•f• •I•IMn•idtioMto r•p•rtW• •rt•r"F•l*•-. TRUE Thli y•ar L••1 y••r Tr•v ub•l•t•no• A¢¢ommod•iion TOTAL PhM• wo%ld•ih• Dumb•rof IruitM* r•lmbur••dlw •xp•rtM• orwho h•d•xp•ni•i plld bylh• ehlrfty J TrnnMcllonlBlwllh r•l•t•d pArtI•i pl￿• (4f•nytf•llm¢llon¥nd•nil•nbyfwMb•l￿irOIb•tyfvIrfty￿ whl•h •Ml•i•dpffjhM4fftthrt Th•r•thawb••n no rnlit•d pirtylrnn•Ml•ni Inlh• r•Pl￿n9 p•dod ITru•MVth•l FAL•E PrOvl¥lonfr•r b￿l•bIl orrllihd to ehlrfty Afflounl p•rlTrd PDrtln 8outh F•M￿￿ Edu¢4Wortil TnAbl Ornhti PNJvld•d iuppDrt•ollvlI￿B•￿d Irlp• loFth• chlldJ•Thq* outh F*rnhim School In i¢¢orthnq•¥Jlth obl•cii 011￿lf￿¥t. 240.T1Q ornrnon ¢urrnntly bui J In ¢ommon th• y•artll 31Bt D•Mmb•r 8auth F4rnhm Educ•tknn•l Tru•¢ AdMlnlitMLl•n4•rvl¢o• iooo ommon eumntly bul 3tru*t*** In Bommun dudn• th• Dp¢Bmbpr Ipr•ffthJniu thvtr•JT*KtIons•b4v•. pl•4••pmvJd•th• Nrffjè CG174iEMt 42 14m0￿25 Section C Notes to the accounts cont) Note 29 Additional Disclosures The following are signlflcant matters which are not covered in other note8 and need to be included to provide a proper understanding of the accounts. If there is insufflcient room here, please add a separate sheet. CC17a (Excel) 43 1411012025 Docusign Envelope ID: 905B30AC-88A4-46D6-8903-6F55591106EC ## SOUTH FARNHAM SCHOOL TRUST ## INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 ## **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 2024. ## **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: 17-Oct-2025 Dated: Janice Matthew FCA ## **Menzies LLP** Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP