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REGISTERED COMPANY NUMBER: 07922043 (England and Wales)
REGISTERED CHARITY NUMBER: 1157289














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Whitgiftian Association Trust

Whitgiftian Association Trust






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 11

Whitgiftian Association Trust (Registered number: 07922043)

Report of the Trustees
for the Year Ended 31 August 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charitable objectives of the Trust are to further such purposes which may be charitable according to the law of England and Wales as the Trustees see fit by the awarding of grants.

Significant activities
The Trustees continue to raise funds for the following activities in order to afford children from all socio-economic backgrounds residing in the London Borough of Croydon and surrounding areas to have educational opportunities which would otherwise be denied them:-

a) The funding of bursaries to benefit from an education at Whitgift School
b) By funding bursaries for sports education through coaching and participation at Croham Road Operating Company.
c) By making capital grants to Croham Road Operating Company for the improvement and repair of buildings, grounds and facilities.

During the last 5 years the Trust's bursary fundraising activities have been scaled back as a consequence of Whitgift School forming its own Development office. Our principal fundraiser moved on to other employment in January 2019.

Public benefit
The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The public benefit of the Charity's activities are outlined under 'Objectives and Activities' and 'Significant Activities' above. During the year the charity received over £8,700 in donations and paid £18,918 to various institutions.

The total carried forward funds at the year end are £75,184 (£22,349 unrestricted & £52,835 restricted).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the memorandum and articles of association, and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
New Trustees, who are also Directors, are appointed by ordinary resolution. Candidates are invited to apply to become Trustees if they are considered to have appropriate skills or abilities that will add to the furtherance of the charity's objectives. The need for training will be assessed when an appointment is confirmed.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07922043 (England and Wales)

Registered Charity number
1157289

Registered office
7 Laburnum Gardens
Croydon
Surrey
CR0 8XY


Whitgiftian Association Trust (Registered number: 07922043)

Report of the Trustees
for the Year Ended 31 August 2024

Trustees
J J Bunn
P G Burley
N D Somers
S G Woodrow
Lord G N Tope
R P Bateman
C S R Tweed
N Bowthorpe (resigned 25.1.24)
C J Sullivan

Independent Examiner
Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Approved by order of the board of trustees on 20 May 2025 and signed on its behalf by:





S G Woodrow - Trustee

Independent Examiner's Report to the Trustees of
Whitgiftian Association Trust

Independent examiner's report to the trustees of Whitgiftian Association Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Z Saleem FCCA ACA

Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

20 May 2025

Whitgiftian Association Trust

Statement of Financial Activities
for the Year Ended 31 August 2024

31.8.24 31.8.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,087 6,659 8,746 6,707

Investment income 2 2,790 - 2,790 1,818
Total 4,877 6,659 11,536 8,525

EXPENDITURE ON
Raising funds 3 1,919 - 1,919 1,126

Charitable activities
Cricket Tuition - 1,268 1,268 -
Capital Improvements - 643 643 -
Old Whitgiftian Rugby Football Club - 1,150 1,150 4,240
Bursary appeal - 15,857 15,857 26,851
Total 1,919 18,918 20,837 32,217

NET INCOME/(EXPENDITURE) 2,958 (12,259 ) (9,301 ) (23,692 )
Transfers between funds 7 (110 ) 110 - -
Net movement in funds 2,848 (12,149 ) (9,301 ) (23,692 )

RECONCILIATION OF FUNDS
Total funds brought forward 19,501 64,984 84,485 108,177

TOTAL FUNDS CARRIED FORWARD 22,349 52,835 75,184 84,485

Whitgiftian Association Trust (Registered number: 07922043)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank 23,427 52,835 76,262 85,542

CREDITORS
Amounts falling due within one year 6 (1,078 ) - (1,078 ) (1,057 )

NET CURRENT ASSETS 22,349 52,835 75,184 84,485

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,349

52,835

75,184

84,485

NET ASSETS 22,349 52,835 75,184 84,485
FUNDS 7
Unrestricted funds 22,349 19,501
Restricted funds 52,835 64,984
TOTAL FUNDS 75,184 84,485

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 20 May 2025 and were signed on its behalf by:





S G Woodrow - Trustee

Whitgiftian Association Trust

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME
31.8.24 31.8.23
£    £   
Deposit account interest 2,790 1,818


Whitgiftian Association Trust

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. RAISING FUNDS

Raising donations and legacies
31.8.24 31.8.23
£    £   
Support costs 1,919 1,126

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - 6,707 6,707

Investment income 1,818 - 1,818
Total 1,818 6,707 8,525

EXPENDITURE ON
Raising funds 1,126 - 1,126

Charitable activities
Old Whitgiftian Rugby Football Club - 4,240 4,240
Bursary appeal - 26,851 26,851
Total 1,126 31,091 32,217

NET INCOME/(EXPENDITURE) 692 (24,384 ) (23,692 )
Transfers between funds (467 ) 467 -
Net movement in funds 225 (23,917 ) (23,692 )

RECONCILIATION OF FUNDS
Total funds brought forward 19,276 88,901 108,177

TOTAL FUNDS CARRIED FORWARD 19,501 64,984 84,485


Whitgiftian Association Trust

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Accrued expenses 1,078 1,057

7. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.9.23 in funds funds 31.8.24
£    £    £    £   
Unrestricted funds
General fund 19,501 2,958 (110 ) 22,349

Restricted funds
Bursary Appeal 62,315 (10,834 ) - 51,481
Capital projects WSC 1,731 (473 ) - 1,258
Rugby education - 96 - 96
Cricket education 938 (1,048 ) 110 -
64,984 (12,259 ) 110 52,835
TOTAL FUNDS 84,485 (9,301 ) - 75,184

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 4,877 (1,919 ) 2,958

Restricted funds
Bursary Appeal 5,023 (15,857 ) (10,834 )
Capital projects WSC 170 (643 ) (473 )
Rugby education 1,246 (1,150 ) 96
Cricket education 220 (1,268 ) (1,048 )
6,659 (18,918 ) (12,259 )
TOTAL FUNDS 11,536 (20,837 ) (9,301 )


Whitgiftian Association Trust

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.9.22 in funds funds 31.8.23
£    £    £    £   
Unrestricted funds
General fund 19,276 692 (467 ) 19,501

Restricted funds
Bursary Appeal 83,809 (21,494 ) - 62,315
Capital projects WSC 1,581 150 - 1,731
Rugby education 2,803 (3,270 ) 467 -
Cricket education 708 230 - 938
88,901 (24,384 ) 467 64,984
TOTAL FUNDS 108,177 (23,692 ) - 84,485

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,818 (1,126 ) 692

Restricted funds
Bursary Appeal 5,357 (26,851 ) (21,494 )
Capital projects WSC 150 - 150
Rugby education 970 (4,240 ) (3,270 )
Cricket education 230 - 230
6,707 (31,091 ) (24,384 )
TOTAL FUNDS 8,525 (32,217 ) (23,692 )

Whitgiftian Association Trust

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.9.22 in funds funds 31.8.24
£    £    £    £   
Unrestricted funds
General fund 19,276 3,650 (577 ) 22,349

Restricted funds
Bursary Appeal 83,809 (32,328 ) - 51,481
Capital projects WSC 1,581 (323 ) - 1,258
Rugby education 2,803 (3,174 ) 467 96
Cricket education 708 (818 ) 110 -
88,901 (36,643 ) 577 52,835
TOTAL FUNDS 108,177 (32,993 ) - 75,184

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 6,695 (3,045 ) 3,650

Restricted funds
Bursary Appeal 10,380 (42,708 ) (32,328 )
Capital projects WSC 320 (643 ) (323 )
Rugby education 2,216 (5,390 ) (3,174 )
Cricket education 450 (1,268 ) (818 )
13,366 (50,009 ) (36,643 )
TOTAL FUNDS 20,061 (53,054 ) (32,993 )

The purpose of each restricted fund is as follows:-

Bursary appeal - To provide funding to eligible children at Whitgift School.

Capital Improvements - To provide funds for the improvement of facilities at Whitgift Sports
Club (WSC) & Croham Road Operating Company (CROC).

Rugby education - To fund grants for rugby education through coaching and participation
at Whitgift Sports Club & Croham Road Operating Company (CROC).

Cricket education - To fund grants for cricket education through coaching and participation at
Whitgift Sports Club & Croham Road Operating Company (CROC).

WSC issued a special resolution of voluntary winding up on 21/10/2024 and from that date all funds will be available for support of facilities at CROC.


Whitgiftian Association Trust

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. MOVEMENT IN FUNDS - continued

Transfers between funds

It has been agreed by the trustees to transfer £110 from unrestricted funds to restricted funds (Cricket Education) to cover the deficit during the year.

8. RELATED PARTY DISCLOSURES

The charity is related to the Whitgiftian Association and the John Whitgift Foundation as they have common interests and associations.