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COMPANY NUMBER: 01961978CHARITY NUMBER: 293360ST. EDWARD’S SCHOOL CHELTENHAM TRUST(A company limited by guarantee)TRUSTEES’ REPORT AND FINANCIAL STATEMENTSFOR THE YEAR ENDED31 AUGUST 2019
ST EDWARD’S SCHOOL CHELTENHAM TRUSTCONTENTSFOR THE YEAR ENDED 31 AUGUST 2019PageLegal and Administrative InformationTrustees’ ReportIndependent Auditor’s Report12-1415-17Statement of Financial Activities18Balance Sheet19Statement of Cash Flows20Notes to the Financial Statements21-36
ST EDWARD’S SCHOOL CHELTENHAM TRUSTLEGAL AND ADMINISTRATIVE INFORMATIONFOR THE YEAR ENDED 31 AUGUST 2019TRUSTEESThe Trustees who served the charity during the period were as follows:Dr S Honeywill (Chair of Trustees)Mr A Newland (Deputy Chair)Mrs C FindlayMr P Goatley (retired 29 November 2018)Mrs G GreenwellMr R McGrathMr P PottsMrs J JonesMrs J Penny (appointed 15 May 2019)CLERK TO THE TRUSTEESZ DrewOFFICERSMrs J P Clayfield (Head of Senior School)Mr S McKernan (Head of Preparatory School)Mr M L Coles (Bursar)COMPANY NUMBER01961978CHARITY NUMBER293360REGISTERED AND PRINCIPLE OFFICE Cirencester RoadCharlton KingsCheltenhamGL53 8EYINDEPENDENT AUDITORCrowe UK LLPStatutory AuditorCarrick HouseLypiatt RoadCheltenhamGL50 2QJBANKERHSBC PLC109 Bath RoadCheltenhamGL53 7RASOLICITORKnights PLCFestival HouseJessop AvenueCheltenhamGloucestershireGL50 3SHPage 1
ST EDWARD’S SCHOOL CHELTENHAM TRUSTANNUAL REPORT OF THE TRUSTEESFOR THE YEAR ENDED 31 AUGUST 2019DIRECTORS’ REPORTCONSTITUTION AND OBJECTSSt Edward’s School Cheltenham Trust was founded in 1987. It is a company limited by guarantee(number 01961978); a charity registered with the Charity Commission (number 293360) and is regulatedby its Memorandum and Articles of Association dated 5 December 2012 and 3 December 2014, withamendments on 1st April 2016, 10th November 2016.The Trustees of St Edward’s School Cheltenham Trust (“The Trust”) present their annual report andaudited accounts for the year ended 31 August 2019 and confirm they comply with the requirements ofthe Charities Act 2011, the trust deed and the Charities SORP (FRS 102).The Trust’s Objects and principal activities, as set out in the Memorandum of Association, are to promoteand provide for such charitable works whosoever and whatsoever as to advance the Roman Catholicreligion, and, in particular but without prejudice to the generality of the foregoing to acquire, provide,conduct and develop an independent Roman Catholic School or Schools for the advancement of theeducation of children of any creed (with preference to children of the Roman Catholic faith) PROVIDEDTHAT in the memorandum the expression ”Roman Catholic” shall indicate communion with the “See ofRome”.”In furtherance to these Objects for the public benefit the Trust, which operates two schools (one Seniorand one Preparatory) known collectively as St Edward’s Cheltenham, has established and administersbursaries, grants, awards and other benefactions, and acts as the Trustee and manager of property,endowments, bequests and gifts given or established in pursuance of these Objects.AIMS AND OBJECTIVESIn setting our objectives and planning our activities the Trustees have given careful consideration to theCharity Commission’s public benefit guidance.AimsThe Trust’s aims for the public benefit are: to provide a first class independent education within a Christian ethos. St Edward’s is a RomanCatholic foundation and warmly welcomes students of other denominations and creeds or nonewho are willing to support the Christian ethos of the Schools; to offer pupils a range of opportunities so that they can achieve to the best of their ability withina framework of shared values and standards; to value and nurture pupils as individuals, giving them a sense of their own self-worth and of thevalue of service to others, thus preparing them for life beyond school; and to establish the Schools as a community in which there are strong and active partnershipsbetween parents and the Schools and between the local community and the Schools.The Board is mindful of the long-standing need to provide public benefit and of the requirements of theCharities Act 2011.Primary ObjectivesThe primary objectives of the Trust to fulfil these aims are:1. to maintain the aspiration of high standards in academic performance and extra-curricularactivities whilst preserving a healthy balance between the two;Page 2
ST EDWARD’S SCHOOL CHELTENHAM TRUSTANNUAL REPORT OF THE TRUSTEES’ (CONTINUED)FOR THE YEAR ENDED 31 AUGUST 20192. to widen access to the education provided by the Trust through the provision of financial supportfor children whose parents are unable to afford the full fees and also through a range of projectsand activities in the local community;3. to provide appropriate teaching resources throughout the Schools;4. to provide an effective management structure and the administrative and logistic frameworknecessary to meet the needs of staff and pupils alike;5. to provide an environment which promotes and develops independent learning and supportspupils in the achievement of their individual potential.The primary objectives are reviewed regularly and their success is measured through regular reportingto Trustees by the Senior Management Team.GOVERNANCE AND MANAGEMENTThere is one Board of Trustees for the two Schools. Details of the members of the Board of Trustees,together with officers and principal advisers, are given on page one.There were eight members of the Board of Trustees at the year-end. The numbers in brackets refer tothe sub-committees which each Trustee is a member of as explained below.Dr S Honeywill (1,2,3,4)Mr A Newland (1,3, Chair of Health and Safety committee)Mr P Potts (2, Chair of Land and Premises committee)Mrs C Findlay (1)Mrs G Greenwell (1, Chair of Finance and General Purposes committee)Mr R McGrathMrs J JonesMrs J PennyFr P O’Keeffe O Carm. Ex-OfficioThe following Trustees’ sub-committees met during the year:1. Finance and General Purposes committee2. Land and Premises committee3. Health and Safety committee4. Education and Ethos committeeThe Trustees are legally responsible for the overall management and control of both Schools. Theymeet at least six times a year. The work of implementing the policies is delegated to the followingcommittees: The Finance and General Purposes Committee (F&GPC) scrutinises the managementaccounts and forecasts throughout the year and makes recommendations to the Board aboutany capital expenditure. They recommend the audited financial statements and annual reportfor approval by the Trustees. They also oversee other matters such as the review of schoolfees, insurance, pay, marketing and staffing. The Finance Committee is chaired by Mrs GillGreenwell.Page 3
ST EDWARD’S SCHOOL CHELTENHAM TRUSTANNUAL REPORT OF THE TRUSTEES’ (CONTINUED)FOR THE YEAR ENDED 31 AUGUST 2019 The Health and Safety Committee oversees all matters relating to Health and Safety andSafeguarding. These include safeguarding policies, staff code of conduct, pupil behaviour, esafety, information technology, data protection, cybersecurity and review of and implementationof recommendations from Health and Safety and Fire Safety audits. It is chaired by Mr AndrewNewland. The Education and Ethos Committee oversees all matters relating to the pastoral and academicissues across both schools, including provision for individual learning needs, able, gifted andtalented students, those with English as an additional language and overseas students. TheCommittee also ensures that the Catholic Foundation of the Trust is reflected in the curriculum.The Education and Ethos Committee is chaired by Mrs Jane Jones. The Land and Premises committee provides oversight of the programme of maintenance workfor the schools premises, accessibility arrangements for pupils and visitors and makesrecommendations for capital expenditure on larger projects. The committee is chaired by MrPaul Potts.The day to day running of the Schools is delegated to the Heads and Bursar, supported by their SeniorManagement Teams and a Joint Management Committee. The Heads and Bursar attend board andcommittee meetings of the Trustees.Recruitment and Training of TrusteesNew Trustees are elected on the basis of nominations from the Trustees based on the candidates’professional qualities, experience, personal competence and local availability.New Trustees undergo an induction programme that includes an introduction to the Schools includingTrustee Board policy and procedure, briefing by both Heads and the Bursar and training from AGBIS(Association of Governing Bodies of Independent Schools). All Trustees attend external TrusteeTraining and information courses designed to keep them informed and updated on current issues in theindependent schools' sector. Trustees visit both schools and take part in lessons, staff briefings andschool events during the day and after school, weekdays and weekends and make themselves availableto all staff. The Chair attends a weekly meeting with both Heads and Bursar during term time.Employment policyThe Trust will endeavour to recruit the most suitable staff for any post to ensure the highest standardsare maintained throughout the Schools, both teaching and support staff. Whilst reflecting its role as aCatholic school it also pursues policies as an equal opportunities employer. Full and fair considerationis given to job applications from disabled persons and due consideration is given to their training andemployment needs. Communication with staff continues throughout the year with whole school INSETbriefings three times a year and after school staff meetings.Key Management PersonnelThe Trustees consider that the Joint Management Committee (JMC) of The Trust comprise the KeyManagement Personnel. The JMC comprises of the Head Teacher of the Senior School, the HeadTeacher of the Preparatory School, the Deputy Head Teachers of the Senior School, the Deputy Headand Assistant Head of the Preparatory School, the Bursar and the Director of Marketing & Admissions.Page 4
ST EDWARD’S SCHOOL CHELTENHAM TRUSTANNUAL REPORT OF THE TRUSTEES’ (CONTINUED)FOR THE YEAR ENDED 31 AUGUST 2019Trustees give their time freely and do not receive any remuneration. The pay and remuneration of theJMC is determined by the Finance and General Purposes Committee and is reviewed annually. Anumber of criteria are used in determining pay: The financial performance of the Trust against sector benchmarksThe nature of the role and responsibilitiesThe individual’s performanceCompetitor salariesThe sector average for comparable positionsInflation and the cost of livingSTATEMENT OF TRUSTEES’ RESPONSIBILITIESThe Trustees (who are also directors of St Edward’s School Cheltenham Trust for the purposes ofcompany law) are responsible for preparing the Trustees’ Annual Report and the financial statementsin accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UnitedKingdom Accounting Standards).Company law requires the Trustees to prepare financial statements for each financial year. Undercompany law the Trustees must not approve the financial statements unless they are satisfied that theygive a true and fair view of the state of affairs of the charitable company and of the incoming resourcesand application of resources, including the income and expenditure, of the charitable company for thatperiod. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently;observe the methods and principles in the Charities SORP;make judgements and estimates that are reasonable and prudent;state whether applicable UK accounting standards have been followed, subject to any materialdepartures disclosed and explained in the financial statements; andprepare the financial statements on the going concern basis unless it is inappropriate topresume that the charitable company will continue in business.The Trustees are responsible for keeping adequate accounting records that are sufficient to show andexplain the charitable company’s transactions, disclose with reasonable accuracy at any time thefinancial position of the charitable company and enable them to ensure that the financial statementscomply with the Companies Act 2006 and the provisions of the charity’s constitution. They are alsoresponsible for safeguarding the assets of the charity and hence for taking reasonable steps for theprevention and detection of fraud and other irregularities.Insofar as each of the Trustees at the date of approval of this report is aware, there is no relevant auditinformation of which the Trust’s auditor is unaware. Each of the Trustees have each taken all the stepsthat they ought to have taken as a Trustee in order to make themselves aware of any relevant auditinformation and to establish that the Trust’s auditor is aware of that information.Page 5
ST EDWARD’S SCHOOL CHELTENHAM TRUSTANNUAL REPORT OF THE TRUSTEES’ (CONTINUED)FOR THE YEAR ENDED 31 AUGUST 2019STRATEGIC REPORTVISION STATEMENTBelieve Strive AchieveSt Edward’s is a Catholic School, welcoming all. We are a place of learning and a community basedon Christian values. We work in partnership with parents to develop the talents and interests of all theyoung people entrusted to us. We aim to develop each individual pupil’s potential, academically,personally and spiritually. We serve the wider community by making this education available to all,including those who cannot afford our fees, as far as we are able within our resources.Our Vision what we Believe in Our vision is to help each pupil to realise they are truly unique and possess God-given gifts and talentswhich gives them unlimited potential. We wish to create an educational foundation whereby throughouttheir lives our pupils will always be ambitious for self-improvement and so develop beyond theirperceived potential.Our Vision .what we Strive for The Trust’s vision is to: Provide excellent teaching, learning and pastoral care Provide a wealth of opportunities both curricular and extra-curricular Build a caring community based on Christian values Encourage pupils to be the best they can be so that we help them to develop their untappedpotentialACHIEVEMENTS AND PERFORMANCESt Edward’s Senior SchoolExcellent teaching comes from teachers who inspire, who ooze passion for their subject. We arefortunate to have a staff who do just this; they are like beacons all over the School.As well as excellent teaching, for a child to succeed, there needs to be opportunities, of which there isan abundance here and you need people to encourage you to have a go and participate. People readyto support you when necessary and someone who is noticing how you are getting on; to pull you upwhen you are not working hard enough and someone who will praise you for trying yourhardest. And finally to get the best from our pupils, learning needs to be fun. For that, the climate hasto be right. There has to be a culture of respect formed by strong relationships. We have a verypositive school environment here where all our pupils are onside. They know right fromwrong. The staff here, without exception, help to draw out the best in our pupils and help them todevelop those values, which are so important in life.Our pupils are taught about empathy, compassion, self-awareness, being kind to others but we do notjust teach them, we create the conditions, which allow pupils to practise these skills so theyare learned. We want our pupils to feel connected and part of our community. To feel they exist; tobe known, noticed and nurtured.Page 6
ST EDWARD’S SCHOOL CHELTENHAM TRUSTANNUAL REPORT OF THE TRUSTEES’ (CONTINUED)FOR THE YEAR ENDED 31 AUGUST 2019This has been such a positive year. Our pupils have grown in maturity and character. They haveachieved. They have impressed us and inspired us. Every day we discover something new.Year 12 physicists performed very well in the Engineering Education Scheme in which they workedon a 6-month real-life project with an engineer from Ultra Electronics and were awarded HighlyCommended on the assessment day at Bath University.We achieved a resounding pass in an ISI Compliance Inspection in November 2018, which means allof our policies are robust and meet the Independent Schools Standards Regulations. And, the CCFenjoyed a very successful Biennial Inspection by Air Commodore Philip Lester. In the report he writes:‘I must congratulate the Cadets, the Contingent staff and the School SLT for a first class CCFContingent. They have set a very high bar for themselves and are delivering success on a daily basis.’‘A very strong and exceptionally well-led Contingent (by Lt Col Duggan and Staff Sgt Keylock) with arobust ethos and an extremely high level of morale and team spirit. Very high-end developmentopportunities are provided for the Cadets, and the Cadets are fully engaged with all that is on offer.’Parents choose St Edward’s because they are ambitious for their children. They understand thetrue worth of a rounded education; they value the opportunities provided. Trips to Barcelona, a sportstour to Greece, Morfa Bay, Ski Trips, Rounders and Cricket tours, CCF field days, Art trips, Geographyfieldtrips and then the fabulous opportunities from both the English and Dramadepartments which provide a rich and varied programme of theatre trips throughout the year and in allYear groups.Then there are the Clubs, STEM, Science, History, Tech, Debating, Art,Puzzle, Chess Club to mention a few. Then there are the festival visits and lectures; the list goeson. Imagine having the opportunity to do those things. Think of how much our pupils benefit.We always get such positive feedback from memberscomments on how they are polite and well-behaved.ofthepublicabout ourpupils;The school year is bursting with events, which complement the academic curriculum. Everyopportunity is a learning opportunity. House events, Quizzes, Competitions, World Book Day,Languages Day, House Day and Sports day, which galvanise the community – all create happymemories and strengthen relationships. Sports Day was fabulous this year despite the rather drearyweather. More competitors than ever, more parents present in support. School records broken andthe staff and pupil relay fiercely contested.SportStEdward’s has had a fantastic year. More pupils engaged in Masterclasses and the departmentmanages a huge number of teams. The department do a brilliant job.We have some veryaccomplished pupils. We know that through sport pupils learn teamwork, practise leadership skills,celebrate wins and learn from the losses. Regular participation brings together all these benefits andour inclusive approach makes sport accessible to everyone. How many schools can boast that?The profile of Music increases yearly.The Carol Service at Tewkesbury Abbey wasstunning. The Pump Room Music Spring Concert gets better each year. The number of pupilled groups continues to grow. We had a Year 13 student conducting a combined choir ofapproaching 100 voices in the finale; including the staff choir.Pupil progress in Drama was so evident in the School production of Comedy of Errors.Around 80 pupils from Year 7 to 13 had the opportunity to work collaboratively, to learn new skills. Themagnificent Stage Crew, in total control of the technical side of things. A challenging play for the cast,Page 7
ST EDWARD’S SCHOOL CHELTENHAM TRUSTANNUAL REPORT OF THE TRUSTEES’ (CONTINUED)FOR THE YEAR ENDED 31 AUGUST 2019but they tackled it well and the enjoyment was visible in the quality of the acting and with more than theoccasional ad lib! Whilst many people contribute to our Drama Productions, the commitment andcreativity of the Director of Drama and the Producer, in particular, was exceptional; they did anoutstanding job again!It’s hard to quantify the benefit of the extra-curricular programme. But we can evidence and attributethe immense success of the Duke of Edinburgh award scheme to the commitment of the candidatesand the support of our Head of Outdoor Education who is central to this success. He chased andcajoled participants into completing their awards, so much so, that among the South West region weare a flagship school – a ‘centre of excellence’ were words used in the recent licensing reviewmeeting. Our completion rate is the best in Gloucestershire again. We have an increasing number ofparticipants at Bronze, Silver and Gold. This is a superb achievement.It is easy to delight in achievements in the highly visible extracurricular activities and events. But ofcourse, there is ‘magic’ which happens routinely each day in the classroom that goes unreported by ourteenagers when they get home. They do plenty at School and they are so fortunate to have teacherswho care about educating their minds and developing intellectual curiosity.It has been a productive year. Our pupils develop into very lovely young people. They are formed inan environment in which they are known, noticed for who they are, and nurtured. We intend for ourpupils to continue to believe, strive and achieve throughout the next academic year 2019-2020.St Edward’s Preparatory SchoolSt Edward’s Prep School continues to go from strength to strength in both its curriculum provision andgrowth in pupil numbers. Art, Drama, Music and Sport are particular strengths of the School withcontinued success in competitions and matches as well as well-attended, high quality performances ofplays and concerts. The school choir including the boys’ choir, have performed in numerous eventssuch as the Spring Concert at the Pump Rooms, the Town Hall, St Mary’s Church, and in Messiah atthe Royal Albert Hall, not to mention performing consistently at the Cheltenham Literature Festival.We continue to compete strongly on the sports field taking part in hundreds of fixtures in Rugby, Hockey,Football, Netball, Cricket and having great successes in swimming, with our pupils representing theSchool at regional and national level. Our ethos of inclusivity ensures all pupils experience representingthe School in competitive fixtures. In addition, we have continued our tradition of hosting the CountyCross-Country Championships, welcoming dozens of schools from both the maintained andindependent sectors. In the summer term, local schools enjoyed the St Edward’s Tennis Tournament,along with the annual Olympic Torch event. Coupled with weekly matches, we work with and hostseveral hundred pupils and dozens of schools in the South West region.We have successfully provided work experience opportunities to young adults wishing to enter the earlyyears and teaching profession. The School has an excellent reputation for supporting local charitableinitiatives throughout the year raising several thousands of pounds for Sue Ryder Leckhampton,Cheltenham Open Door, British Legion, CAFOD and Children in Need.Our successful School Farm has hosted pupils from early years and a local maintained school for pupilswith severe learning difficulties. Our Beekeeping initiative has produced prize winning honey and wewill continue to develop this into a Junior Beekeeping Curriculum supported by the GloucestershirePage 8
ST EDWARD’S SCHOOL CHELTENHAM TRUSTANNUAL REPORT OF THE TRUSTEES’ (CONTINUED)FOR THE YEAR ENDED 31 AUGUST 2019Beekeeping Association. Our Forest Schools’ programme continues to be successful and we haveshared this resource with local schools in the area.St Edward’s Prep School continues to successfully compete in the local independent schools marketand pupil numbers remain strong. We retain the reputation of high academic standards with a richcurriculum extended by over 40 extracurricular clubs. Pupils continue to be awarded academicscholarships to St Edward’s Senior School and 11 places at local selective schools.Our last inspection in January 2017 was a compliance inspection in which we secured full regulatorycompliance with no recommendations for improvement. Our Diocesan inspection judged usOutstanding. Our culture of continuous improvement means there is no room for complacency andhigh standards and expectations remain our daily focus.The school has trained all its staff in Mental Health First Aid in line with our commitment to the HealthyLiving Award received from Gloucestershire County Council. We continue to prepare pupils for the rolesof ambassadors, house and sports captains, farm club members, charity ambassadors and pupilchaplains. Children benefit from the many opportunities for leadership and ongoing personaldevelopment that goes to the heart of our Christian ethos.Some of our future development plans include:1. expanding our Forest Schools initiative to become an Accredited Bushcraft School for pupils inYear 3-62. Enhance our Music facilities and peripatetic rooms3. Redevelop our car parking facilities for parents4. Extend our School Farm Project Kindergarten to Year 6 to include Alpacas, Goats, MixedPoultry and Kune Kune PigsFUNDRAISINGOver the course of the year, the Trust ran around 30 different fundraising events across the two schoolswhich raised a total of 8.5k for local and national charities. The Trust values the fundraising andawareness work it does for other charities and plans to continue its strong programme of support goingforward.The Trust did not use any professional fundraising partners in the year as all fundraising activities weresmall scale focusing on raising funds for other charities from the schools’ communities. Neither theTrust nor anyone acting on behalf of the Trust has voluntarily subscribed to fundraising standards. Nocomplaints were received in the year about any of the Trust’s fundraising activities. The Trust ensuresthat vulnerable people and other members of the public are protected from behaviour which isunreasonably intrusive, persistent and pressured. The Trust does not consider this type of behavioura high-risk area but will continue to monitor fundraising activities.PUBLIC BENEFITSt Edward’s School remains committed to the aim of providing public benefit in accordance with itsfounding principles. The Trustees continue to consider the Charity Commission’s general guidance onpublic benefit and confirm that they have complied with their duty in Section 17 of the Charities Act2011.Page 9
ST EDWARD’S SCHOOL CHELTENHAM TRUSTANNUAL REPORT OF THE TRUSTEES’ (CONTINUED)FOR THE YEAR ENDED 31 AUGUST 2019The Trust fulfils its obligations under this Act through the availability of bursaries and scholarships, theaffordability of school fees and the availability of its facilities to community groups and State fundedschools.Bursaries and ScholarshipsThe value of means tested bursaries totalled 415k ( 331k in 2018) and the value of scholarshipstotalled 672k ( 590k in 2018) representing a combined 12% of gross fees (11.5% in 2018). A further 531k ( 479k in 2018) from gross fees was awarded through staff, sibling and fees in advancediscounts. A total of 40 children benefited from the Trust’s means tested bursary scheme with 10 ofthese children in receipt of 100% bursaries as part of the Trust’s School Assisted Place Scheme (SAPS)between Year 7 to Year 13. The Trust has expanded its means tested bursary scheme in recent yearsand remains committed to providing suitable access to the Schools to a wide range of socio-economicgroups.Fee affordabilityThe fee structure is an area that Trustees continue to review to ensure that it remains an attractive andaffordable option for local families whilst continuing to support the bursary schemes and capitaldevelopment programmes. Regulatory pressures and the increasing cost of utilities, salaries, pensionschemes and the upkeep of two listed buildings have caused a rise in fees above inflation in recentyears. The Trustees are extremely mindful of fee affordability and plan to keep future fee rises to aminimum whilst still investing in the infrastructure of the Schools.Facilities and community linksThe Trust made its facilities available to local community groups including sport (cricket, swimming,rugby, football, tennis and hockey), drama and music groups. The Trust values its links with the localcommunity and plans to continue to build on these strong relationships. Below is an outline of some ofthe links the Trust has with local community groups and state-funded schools: Subsidised use of the Trust’s swimming pool to local state primary schoolsThe district cross country championships, rounders, football, athleticsand quadkids tournaments are held at the Preparatory School with the involvement ofstate schools for no chargeLocal sports groups including East Glos Hockey and GoCrea8 Hockey use the SeniorSchool’s astroturf pitchesPupils from many local state primary schools take part in the many free experience daysthat the Senior School holds which offers them the opportunity to expand their knowledgeand experiences of particular subject areas. Successful music, sports, STEM and dramadays were held through the year.Use of the Trust’s cricket pitches and equipment by Charlton King’s Cricket Club for nochargeSubsidised use of the Trust’s rugby pitches and equipment by Old Patesians RFCBoth school sites are made available through the holiday periods for holiday camps whichbenefit many local working familiesThe use of the Preparatory School site for a large fundraising event for a local charity, atno chargeThe Trust’s CCF resources are shared with Pate’s School, a local state funded schoolsThe Highbury Club, a local community group for partially sighted and disabled, usethe Schools’ facilities once a term free of charge and are entertained by the Schools’pupilsPage 10
ST EDWARD’S SCHOOL CHELTENHAM TRUSTANNUAL REPORT OF THE TRUSTEES’ (CONTINUED)FOR THE YEAR ENDED 31 AUGUST 2019FINANCIAL REVIEWResults for the yearThe Trustees regularly review the finances, debtors and creditors, budgets and spend against budgettoge
St Edward's School Cheltenham Trust was founded in 1987. It is a company limited by guarantee (number 01961978); a charity registered with the Charity Commission (number 293360) and is regulated by its Memorandum and Articles of Association dated 5 December 2012 and 3 December 2014, with amendments on 1. st. thApril 2016, 10 November 2016.
