CHARITY REGISTRATION NUMBER: 1008544
Hampton Lucy Grammar School Foundation Unaudited Financial Statements 31st August 2025
AGP
Chartered accountants Sycamore House Sutton Quays Business Park Sutton Weaver Runcorn Cheshire WA7 3EH
Hampton Lucy Grammar School Foundation
Financial Statements
Year ended 31st August 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 17 |
Hampton Lucy Grammar School Foundation
Trustees' Annual Report (continued)
Year ended 31st August 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31st August 2025.
Reference and administrative details
| Registered charity name | Hampton Lucy Grammar School | Foundation |
|---|---|---|
| Charity registration number | 1008544 | |
| Principal office | 26 Kineton Road | |
| Wellesbourne | ||
| Warwickshire | ||
| CV35 9LQ | ||
| The trustees | ||
| Mr D J Johnston JP | Chairman | |
| Mr G K Wilson | ||
| Mrs H Dunkerton | ||
| Mrs K Smith | (Resigned May 2025) | |
| Mr B Carr | ||
| Mr N Thurley | (Resigned May 2025) | |
| Sir P Fairfax-Lucy | ||
| Mrs H Kuehl | ||
| Rev L MacDermott | (Appointed May 2025) | |
| Clerk | Mrs E Fairfax-Lucy | |
| Investment Managers | ||
| Quilter Cheviot | ||
| Provincial House | ||
| 37 New Walk | ||
| Leicester | ||
| LE1 6TU | ||
| The M&G Group | ||
| 10 Fenchurch Avenue | ||
| London | ||
| EC3M 5AG | ||
| Bankers | ||
| CAF Bank Limited | ||
| 25 Kings Hill Avenue | ||
| Kings Hill | ||
| West Malling | ||
| Kent | ||
| ME19 4JQ | ||
| Independent examiner | Simon McLean FCA | |
| AGP Chartered Accountants | ||
| Sycamore House | ||
| Sutton Quays Business Park | ||
| Sutton Weaver | ||
| Runcorn | ||
| Cheshire | ||
| WA7 3EH |
1
Hampton Lucy Grammar School Foundation
Trustees' Annual Report (continued)
Year ended 31st August 2025
Structure, governance and management
Constitution
The Hampton Lucy Grammar School Foundation, which is also known as the Hampton Lucy Educational Trust, is constituted by a Scheme dated 25 October 1991 and is a registered charity number 1008544. Its address is at 26 Kineton Road, Wellesbourne, Warwickshire, CV35 9LQ.
Trustees & Advisers
The names of the present Trustees and advisers are shown on page 1. The method of appointment of Trustees is regulated by the Scheme. New Trustees are inducted during their first Trustees' meeting. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Trustees' Responsibilities
The Trustees are responsible for preparing annual accounts, safeguarding the assets of the fund and keeping proper accounting records.
Objectives and activities
To distribute funds in furtherance of education primarily for young people from the parishes of Hampton Lucy, Charlecote, Wasperton and Alveston.
Public Benefit
When planning the grant monitoring activity of the Foundation, the Trustees have considered the Charity Commission's guidance on public benefit and in particular the specific guidance on charities for the relief of poverty.
Management of Charity
The Trustees meet three times a year. At every meeting a review of the current state of funds of the Trust is tabled and discussed. Applications for grants are considered and were approved by the Trustees, paid. Grants are paid to some local schools and institutions in furtherance of the objects of the Charity.
Achievements and performance
Total receipts during the year were £34,700 (2024: £32,794). Grants to pupils and schools totalled £25,190 (2024: £18,317) and £4,748 (2024: £4,408) was spent on administration. The overall net surplus of receipts over payments for the year was £4,762 (2024: £10,069) with a gain of £4,427 (2024: loss £1,473) from the sale of investments and a gain of £31,441 (2024: gain £71,793) on the revaluation of retained investments. The total unrestricted fund balance carried forward at the end of the year was £820,733 (2024: £780,103).
Reserves policy
The Charity's reserves are represented by investments and the Trustees are satisfied that the level of reserves is sufficient to maintain the Charity's program of annual grants.
2
Hampton Lucy Grammar School Foundation
Trustees' Annual Report (continued)
Year ended 31st August 2025
Plans for future periods
The trustees do not foresee any changes to the charitable activities.
The trustees' annual report was approved on 30th November 2025 and signed on behalf of the board of trustees by:
Mr D J Johnston Trustee
3
Hampton Lucy Grammar School Foundation
Independent Examiner's Report to the Trustees of Hampton Lucy Grammar School Foundation
Year ended 31st August 2025
I report to the trustees on my examination of the financial statements of Hampton Lucy Grammar School Foundation ('the charity') for the year ended 31st August 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
Simon McLean FCA Independent Examiner
Sycamore House Sutton Quays Business Park Sutton Weaver Runcorn Cheshire WA7 3EH
30 November 2025
4
Hampton Lucy Grammar School Foundation
Statement of Financial Activities
Year ended 31st August 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Investment income | 4 | 34,700 | 34,700 | 32,794 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total income | 34,700 | 34,700 | 32,794 | |
| ============================ | ============================ | ============================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 29,938 | 29,938 | 22,725 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 29,938 | 29,938 | 22,725 | |
| ============================ | ============================ | ============================ | ||
| Net gains on investments | 7 | 35,868 | 35,868 | 70,320 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income and net movement in funds | 40,630 | 40,630 | 80,389 | |
| ============================ | ============================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 780,103 | 780,103 | 699,714 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 820,733 | 820,733 | 780,103 | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 15 form part of these financial statements.
5
Hampton Lucy Grammar School Foundation
Statement of Financial Position
31st August 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Investments | 10 | 737,786 | 699,007 |
| Current assets | |||
| Cash at bank and in hand | 82,947 | 81,096 | |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 82,947 | 81,096 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 820,733 | 780,103 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Unrestricted funds | 820,733 | 780,103 | |
| -------------------------------- | -------------------------------- | ||
| Total charity funds | 11 | 820,733 | 780,103 |
| ================================ | ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 30th November 2025 and are signed on behalf of the board by:
Mr D J Johnston Trustee
The notes on pages 7 to 15 form part of these financial statements.
6
Hampton Lucy Grammar School Foundation
Notes to the Financial Statements
Year ended 31st August 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 26 Kineton Road, Wellesbourne, Warwickshire, CV35 9LQ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
7
Hampton Lucy Grammar School Foundation
Notes to the Financial Statements (continued)
Year ended 31st August 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Uncapitalised fixed assets
Uncapitalised fixed assets consist of the Old School Building in Hampton Lucy. The title to this property is in the ownership of the Trustees although the property is occupied by the Hampton Lucy Junior & Infant School operated by the local authority.
8
Hampton Lucy Grammar School Foundation
Notes to the Financial Statements (continued)
Year ended 31st August 2025
3. Accounting policies (continued)
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
9
Hampton Lucy Grammar School Foundation
Notes to the Financial Statements (continued)
Year ended 31st August 2025
4. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Citigroup Quilter dividends and | ||||
| interest | 13,620 | 13,620 | 13,280 | 13,280 |
| Charities Official Investment Fund | ||||
| (income shares) | 142 | 142 | 139 | 139 |
| Charifund dividends | 19,529 | 19,529 | 18,164 | 18,164 |
| Bank interest receivable | 1,409 | 1,409 | 1,211 | 1,211 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 34,700 | 34,700 | 32,794 | 32,794 | |
| ============================ | ============================ | ============================ | ============================ | |
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Grants to pupils and schools | 25,190 | 25,190 | 18,317 | 18,317 |
| Support costs | 4,748 | 4,748 | 4,408 | 4,408 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 29,938 | 29,938 | 22,725 | 22,725 | |
| ============================ | ============================ | ============================ | ============================ | |
| Expenditure on charitable activities by activity type | ||||
| Activities | ||||
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Grants to pupils and schools | 25,190 | 4,748 | 29,938 | 22,725 |
| ============================ | ======================= | ============================ | ============================ | |
| Grants to pupils - 36 (2024: 25) | ||||
| Grants to schools - 6 (2024: 6) | ||||
| Net gains on investments | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Realised gains / (losses) on sale of | ||||
| investments | 4,427 | 4,427 | (1,473) | (1,473) |
| Unrealised gains / (losses) on retained | ||||
| investments | 31,441 | 31,441 | 71,793 | 71,793 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 35,868 | 35,868 | 70,320 | 70,320 | |
| ============================ | ============================ | ============================ | ============================ | |
| Independent examination fees | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial | statements | 1,260 ======================= |
1,200 ======================= |
5. Expenditure on charitable activities by fund type
6. Expenditure on charitable activities by activity type
7. Net gains on investments
8. Independent examination fees
10
Hampton Lucy Grammar School Foundation
Notes to the Financial Statements (continued)
Year ended 31st August 2025
9. Trustee remuneration and expenses
No expenses were reimbursed in 2025 (2024: £nil). No trustee received any remuneration.
10. Investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 Sep 2024 | 699,007 |
| Additions | 19,594 |
| Disposals | (16,683) |
| Fair value movements | 4,427 |
| Transfers | 31,441 |
| -------------------------------- | |
| At 31 Aug 2025 | 737,786 |
| ================================ | |
| Impairment | |
| At 1 Sep 2024 and 31 Aug 2025 | |
| Carrying amount | |
| At 31 Aug 2025 | 737,786 |
| ================================ | |
| At 31 Aug 2024 | 699,007 |
| ================================ |
All investments shown above are held at valuation.
Financial assets held at fair value
All quoted investments are stated at market value.
11
Hampton Lucy Grammar School Foundation
Notes to the Financial Statements (continued)
Year ended 31st August 2025
10. Investments (continued)
| vestment | s(continued) | ||||
|---|---|---|---|---|---|
| 2025 | 2025 | 2024 | 2024 | ||
| £ | £ | £ | £ | ||
| Units | Investment | Market | Cost | Market | Cost |
| Value | Value | ||||
| 8,387 | M&G Securities Ltd Corp Bond | 7,005 | 6,786 | 7,203 | 6,786 |
| 1GB | |||||
| 5,000 | 4.25% Treasury 2027 | 5,101 | 4,657 | 5,110 | 4,657 |
| 5,000 | 4.75% Treasury 2030 | 5,216 | 6,861 | 5,315 | 6,861 |
| 5,000 | 4.5% Treasury 2027 | 4,586 | 8,786 | 5,124 | 8,786 |
| 1,500 | Barclays Ord 25p | 5,406 | 4,603 | 3,426 | 4,603 |
| 500 | BP Ord USD 0.25 | 2,161 | 2,614 | 2,147 | 2,614 |
| 7,500 | Ballie Gifford & Co Japanese Inc | 11,385 | 8,238 | 10,620 | 8,238 |
| Gwth | |||||
| 100 | Diageo Ord 28 101/108p | 2,049 | 1,850 | 2,473 | 1,850 |
| 400 | GSK Plc ord GBP0.3125 | 5,810 | 7,774 | 6,628 | 7,774 |
| 600 | HSBC Ord USD 0.50 | 5,680 | 3,298 | 5,000 | 4,123 |
| 300 | National Grid Ord 12.431289p | 3,123 | 1,960 | 5,902 | 3,861 |
| 80 | Unilever Plc Ord 3.111p | 3,722 | 1,040 | 3,925 | 1,040 |
| 300 | Shell Plc ord Eur 0.07 | 8,172 | 4,431 | 10,724 | 5,908 |
| 125 | Scottish & Southern Energy Ord | 2,163 | 1,643 | 1,415 | 889 |
| 50p | |||||
| 800 | Tesco Ord 5p | 3,382 | 3,407 | 4,188 | 5,042 |
| 120 | Compass Group Plc ord | 3,014 | 1,724 | 2,879 | 1,724 |
| GBP0.1105 | |||||
| 6,000 | JP Morgan Gbl Emg Ord 1p | 8,970 | 7,027 | 8,010 | 7,027 |
| 228 | Aviva Ord GBP0.328947368 | 1,486 | 896 | 1,150 | 896 |
| 650 | Legal & General Group ord | 1,609 | 1,790 | 1,455 | 1,790 |
| GBP0.025 | |||||
| 200 | Prudential GBP0.05 | 1,977 | 2,473 | 1,304 | 2,473 |
| 2,500 | Mercantile Investment Trust Ord | 6,200 | 2,325 | 6,238 | 2,325 |
| 25p | |||||
| 4,000 | Axa Inv Man US Shr Dur High | 3,420 | 4,121 | 3,383 | 4,121 |
| Yld | |||||
| 650 | British Land Company Ord 25p | 2,180 | 3,979 | 2,673 | 3,979 |
| 150 | Standard Chartered ord 50c | 2,079 | 1,326 | 2,502 | 2,839 |
12
Hampton Lucy Grammar School Foundation
Notes to the Financial Statements (continued)
Year ended 31st August 2025
10. Investments (continued)
| vestment | s(continued) | ||||
|---|---|---|---|---|---|
| 2025 | 2025 | 2024 | 2024 | ||
| £ | £ | £ | £ | ||
| Units | Investment | Market | Cost | Market | Cost |
| Value | Value | ||||
| 30 | London Stock Exchange Group | 2,750 | 2,249 | 3,075 | 2,249 |
| ord | |||||
| 750 | City of London inv ord 25p | 3,739 | 3,005 | 3,285 | 3,005 |
| 50 | Astrazeneca ord 25c | 5,895 | 2,078 | 6,637 | 2,078 |
| 30 | Reckitt Benckiser Group Ord 10p | 1,659 | 928 | 1,310 | 928 |
| 10,000 | Blackrock Continental European | 20,959 | 12,023 | 19,197 | 12,023 |
| Inc | |||||
| 100 | British American Tobacco Ord | 4,185 | 3,170 | 2,836 | 3,170 |
| 25p | |||||
| 4,000 | International Public Partner ord | 4,808 | 5,372 | 2,764 | 3,162 |
| 0.0001p | |||||
| 500 | Pimco Gbl Advrs Gbl Inv Grade | 5,900 | 7,137 | 5,890 | 7,137 |
| Cred | |||||
| - | Smith (DS) ord 10p | - | - | 2,106 | 1,902 |
| 60 | Experian ord USD0.10 | 2,299 | 1,606 | 2,210 | 1,606 |
| 2,500 | JP Morgan American Investment | 26,800 | 10,477 | 24,425 | 10,477 |
| Trust | |||||
| 60 | Persimmon Ord GBP0.01 | 638 | 1,267 | 986 | 1,267 |
| 70 | Relx Plc GBP0.1444 | 2,412 | 1,170 | 3,362 | 1,588 |
| 1,000 | M&G Plc Ord GBP0.05 | 2,651 | 2,182 | 2,144 | 2,182 |
| 110 | Schroder Inv Mgmt Europe SA | 30,031 | 12,774 | 25,652 | 12,774 |
| 2,500 | Schroder Oriental Income Fund | 7,588 | 5,057 | 6,725 | 5,057 |
| 100 | Allspring Lux Worldwide Fund | 9,358 | 9,594 | 9,011 | 9,594 |
| 7,000 | BNY Mellon Fund Mgrs Global | 8,151 | 7,210 | 7,810 | 7,210 |
| Inc | |||||
| 3,500 | Octopus Renewables Infra Tr | 2,408 | 3,684 | 2,776 | 3,684 |
| 6,000 | The Renewables Infrastructure | 4,632 | 6,849 | 4,257 | 5,406 |
| 6,001 | VH Gbl Sustainable Energy | 4,201 | 6,202 | 4,573 | 6,202 |
| Opps | |||||
| 66 | Anglo American USD0.54945 | 1,503 | 2,460 | 1,657 | 2,460 |
| 90 | Rio Tinto ord GBP0.10 | 4,178 | 4,766 | 4,293 | 4,766 |
| 2,500 | Fidelity UCITS ICAV US Quality | 21,616 | 16,963 | 20,328 | 16,963 |
| Income | |||||
| - | Assura Plc ord GBP0.10 | - | - | 2,542 | 4,328 |
13
Hampton Lucy Grammar School Foundation
Notes to the Financial Statements (continued)
Year ended 31st August 2025
10. Investments (continued)
| Units Investment 1,750 Fidelity Investment Funds Fidelity 850 HSBC ETFS Plc S&P 500 UCITS ETF 1,200 Ishares II Plc UK Property UCITS ETF 5,000 Legal & General (Unit Trust Mgrs) Ltd 12,000 Royal London Bond Funds ICVC 6,000 United Kingdom 4.25% Snr Bds 07/12/2040 5,500 United Kingdom 4.25% Snr Gilt 07/12/2049 - Darktrace Plc ord GBP0.01 6,000 Sequoia Economic 65 Vontobel Fund SICAV Twebtyfour Strat Inc Aqg GBP 1,000 TR Property Investment Turst ord GBP0.25 325 CT property Growth & Income Fd ICVC CI Property Growth & Income Q GBP 1,400 BT group ord GBP0.05 5,000 4.25% Treasury 2046 8,000 M&G Optimal Income Fund 420 Rentokil Initial 2,357 Primary Health Properties Plc Total for Quilter Cheviot 252.51 COIF (income) shares 20,999 M&G Charifund (income) |
2025 £ 2025 £ 2024 £ 2024 £ Market Value Cost Market Value Cost 2,660 2,439 2,340 2,402 40,995 28,289 36,539 28,289 4,739 5,272 3,721 3,644 2,972 2,579 2,694 2,579 14,616 13,378 14,544 13,378 5,453 5,779 6,008 5,779 4,614 5,552 5,355 5,552 - - 2,342 1,453 4,722 4,959 4,794 4,959 6,295 5,873 6,207 5,873 3,210 3,280 3,350 3,280 3,118 3,086 3,129 3,086 3,031 1,480 1,946 1,480 4,273 4,461 - - 7,710 7,529 - - 1,533 1,533 - - 2,168 3,196 - - |
|---|---|
| 396,366 320,517 371,614 313,178 |
|
| 3,986 - 3,986 - 337,434 80,000 323,407 80,000 |
|
| 737,786 400,517 699,007 393,178 |
14
Hampton Lucy Grammar School Foundation
Notes to the Financial Statements (continued)
Year ended 31st August 2025
11. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1 | Sep 2024 | Income | Expenditure | losses | 31 Aug 2025 | |
| £ | £ | £ | £ | £ | ||
| General funds | 780,103 | 34,700 | (29,938) | 35,868 | 820,733 | |
| ================================ | ============================ | ============================ | ============================ | ================================ | ||
| At | Gains and | At | ||||
| 1 | Sep 2023 | Income | Expenditure | losses | 31 Aug 2024 | |
| £ | £ | £ | £ | £ | ||
| General funds | 699,714 | 32,794 | (22,725) | 70,320 | 780,103 | |
| ================================ | ============================ | ============================ | ============================ | ================================ |
12. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Investments | 737,786 | 737,786 |
| Current assets | 82,947 | 82,947 |
| -------------------------------- | -------------------------------- | |
| Net assets | 820,733 | 820,733 |
| ================================ | ================================ | |
| Unrestricted | Total Funds | |
| Funds | 2024 | |
| £ | £ | |
| Investments | 699,007 | 699,007 |
| Current assets | 81,096 | 81,096 |
| -------------------------------- | -------------------------------- | |
| Net assets | 780,103 | 780,103 |
| ================================ | ================================ |
15
Hampton Lucy Grammar School Foundation
Management Information
Year ended 31st August 2025
The following pages do not form part of the financial statements.
16
Hampton Lucy Grammar School Foundation
Detailed Statement of Financial Activities
Year ended 31st August 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Investment income | ||
| Citigroup Quilter dividends and interest | 13,620 | 13,280 |
| Charities Official Investment Fund (income shares) | 142 | 139 |
| Charifund dividends | 19,529 | 18,164 |
| Bank interest receivable | 1,409 | 1,211 |
| ---------------------------- | ---------------------------- | |
| 34,700 | 32,794 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total income | 34,700 | 32,794 |
| ============================ | ============================ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Grants to pupils and schools | ||
| Activities undertaken directly | ||
| Grants to pupils | 17,190 | 12,317 |
| Grants to schools | 8,000 | 6,000 |
| ---------------------------- | ---------------------------- | |
| 25,190 | 18,317 | |
| ---------------------------- | ---------------------------- | |
| Support costs | ||
| Management fees | 2,810 | 2,628 |
| Accountancy fees | 1,260 | 1,200 |
| Professional fees and other | 678 | 580 |
| ----------------------- | ----------------------- | |
| 4,748 | 4,408 | |
| ----------------------- | ----------------------- | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 29,938 | 22,725 |
| ============================ | ============================ | |
| Net gains on investments | ||
| Realised gains / (losses) on sale of investments | 4,427 | (1,473) |
| Unrealised gains / (losses) on retained investments | 31,441 | 71,793 |
| ---------------------------- | ---------------------------- | |
| 35,868 | 70,320 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Net income | 40,630 | 80,389 |
| ============================ | ============================ |
17