NEWPORT GRAMMAR SCHOOL CHARITY
ACCOUNTS FOR THE YEAR ENDED
I APRIL 2024- 31 MARCH 2025

NEWPORT GRAMMAR SCHOOL CHARITY
Charity number: 1039845
Accounts for the year ended 31 March 2025
Page
Charity Information
Trustees. Report
Independent Examiner's Report
Receipts and Payments Account
Statement of Assets and Liabilities
Notes to the Accounts

NEWPORT GRAMMAR SCHOOL CHARITY
Page= I
ADDRESS:
Newport Grammar School
Oaklands
Park Road
Wootton
Ryde
Isle of Wight
P033 4RL
TRUSTEES:
Dr Jonathan Nainby-Luxrnoore. DL (Chairman)
Colin Samuelson
James Attrill. DL
John Itwin Barnikel
Gillian Burnett BEM
Graeme Bowe
Charles Piers Egerton-warburton lappointed 09.08.20241
SECRETARY:
Gillian Burnett BEM
APPOINTMENT OF TRUSTEES:
The existing trustees vote for the appointment of new trustees.
GOVERNING INSTRUMENT..
Scheme by order ofthe Charity Commission
dèted 3rd November 1993.
CHARITABLE STATUS:
The Trust is a registered charity No. 1039845
BANK:
Lloyds Bank PIC
22 St. Thomas, Square
Newport
Isle of Wight
P030 ISQ
SOLICITORS:
Wannops LLP Ilncorporating Brutton & Col
227 West Street
Fareham
P016 OHA
INDEPENDENT EXAMINER:
J PalmerACA
Bright Brown Limited
Exchange House. St Cross Lane
Newport, Isle of Wight
P030 582

NEWPORT GRAMMAR SCHOOL CHARITY
Page.. 2
TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their report together with the accounts for the year ended 31 March 2025.
The accounts have been prepared in accordance with the recommendations of Statement of
Recommended Practice - Accounting & Reporting by Charities and comply with the requirements of the
charity's scheme by order of the Charity Commission dated 3 November 1993.
Statement of Trustees. Responsibilities
Charity law requires the Trustees to prepare 3 Receipts and Payments account and a Statement of
Assets and Liabilities for each financial year which properly presents the charity's receipts and payments
for the year together with its assets and liabilities at the end of the period. and adequately distinguish
any material special trust or other restricted fund of the charity. In preparing these financial statements
the trustees are required to:
select suitable accounting policies and then apply them consistently.,
make judgements and estimates that are reasonable and prudent-
state whether the policies adopted are in accordance with the appropriate Statement of
Recommended Practice on Accounting by Charities and the Accounting Regulations and with
applicable accounting standards. subject to any material departures disclosed and explained
in the financial statements.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable
accuracy at any time, the financial position of the charity, and to enable them to ensure that the
financial statements comply with applicable Accounting Standards and Statements of Recommended
Practice and the regulations made under s130 of the Charities Act 2011. They are also responsible for
safeguarding the assets of the charity ènd hence for taking reasonable steps for the prevention and
detection of fraud or other irregularities.
Aims and Objectives
Promoting the education of persons under the age of 25 years who are resident in the Isle of Wight,
providing assistance to people to pursue theii educ3tion, and promoting the education of person5
under the age of 40 years resident in the Isle of Wight in such ways as the Trustees think fit.
The charity goes about this by making grant5 following receipt of a detailed application form from
individuals. It also supports local worthy causes with an educational aspett where the Trustees consider
the cause for the benefit of the education of people within its remit.
In shaping the objectives for the year and planning the activities. the trustees have considered the
Charity Commission's guidance on public benefit.

NEWPORT GRAMMAR SCHOOL CHARITY
Page= 3
TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025
Policies
The charity adopts the following as guidelines-
Reserves- A minimum of the previous year's grants.
Grant making - Applications are circulated and discussed as they arrive, allowing rapid decision making
when possible.
Investments - Advice is sought where appropriate.
Risk management
The Trustees have undertaken a review of the major 5trateEic. business and operational risks to which
the charity is exposed, and confirm that systems have been established which enable the necessary
steps to be taken to lessen these risks.
Results for the year
T14e Trustees met, in person, on four occasions and were very pleased to welcome Charles Egerton-
Warburton in August 2024. With his appointment, the Charity finally succeeded in the quest to find a
Trustee with suitable finance experience.
In August 2024. the Trustees learned their application to become a Charitable Incorporated
Organisation ICIOI had been successful. We are now in the process of transferring our assets to the CIO.
This, therefore. will be the final report to include our original Charity Number.
A nine-month grazing agreement was signed in April 2024 with a local smallholder with reEard to the
Worsley Road fields. Maintenance of the land included scrub clearance ljuly 20241, hedge cutting
Ioctober 20241 and the purchase of a gate (April 20241 and five "Private Properw, signs (November
20241. As the land at Wor51ey Road had not been valued for decades, the Trustees instructed Smart
Surveyors in September 2024 to undertake this task. The valuation of £250,000 reflects the CLJrrent
position. We have maintained regular contact with our Land Agent. Nicholas White. who has continued
his search for alternative use of the fields.
Under Charles Egerton-warburton's guidance. a thorough review was undertaken with regard to our
investments. Following on-line meetings with our portfolio holders. the decision was taken to close our
holdings with Atomos, Brooks Macdonald, M&G and St James, Wealth, transferring the funds evenly
between CCLA (COIF} and opening an account with Waverton Investment Management. By the end of
our financial year. our funds with Atomos and Brooks Macdonald had been transferred. The total of oijr
investments at 31103125 showed a slight decline, dowr) 1%, on 2023124. Our income from these
investments, however, totalled £30.7321£26.584 20231241.

NEWPORT GRAMMAR SCHOOL CHARITY
Page.. 4
TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025
Results for the year Icontinuedl
We were disappointed with the number of grants awarded this year to individual students
ten
compared to seventeen in 2023124. These totalled £11,8001£16,657 20231241, an average of £1,180 per
student. The Trust also contributed £500 to the upgrade of IT equipment at Nettlestone Primary School
and our first payment of £3,000 was made to The Talent Tap to assist their valuable work with young
people. The Charity's grant supported six students- four from Christ the King College and two attending
Ryde Academy. To address our concerns over the lack of applications for grant funding, the Charity has
set up a Grants/Education Subcommittee and a re-vamped grant application and award process IS
planned, together with a publicity campaign.
The Charity Trustees questioned the levels of cover in our insurance policy. In March 2025, 3 sub-group
began investigating this. using an Enterprise Risk Framework. This work is ongoing. to be completed
before the 202512026 premium is due in August.
We once again supported the IW Sports Foundation by sponsoring a category at the IW Sports Awards.
Whilst sorting through the papers collerted from his predecessor, our Chairman found a copy of "Leges
Anglo-Saxonic3e Ecclesiasticae & Civiles" printed in 1721, which is the property of the Newport
Grammar School Charity. The book required restoration and this was agreed by the Trustees. This was
undertaken by James Flavell Bookbinder & Restorer in March 2025.
Receipts amounted to £33.721 1£27.907 in 2023120241. After Erant payments, our major expenditure
included insurances, auditing. legal fees and maintenance of the land and totalled £6,979 1£1.816 in
20231241. Payments exceeded receipts by £21,600 IReceipts exceeded payments by £6,090 in 20231241.
The general operating transactions of the charity had a net inflow of £10,526. It is the charity's
investing activity that created the reduction in cash reserves.
All trustees served in a voluntary capacity and incurred no administrative costs.
On behalf of the Trustees
Mrs Gillian Burnett, BEM
Trustee
Date.. 29th May 2025

NEWPORT GRAMMAR SCHOOL CHARir
INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF
NEWPORT GRAMMAR SCHOOL CHARITY
I report on the receipt and payment accounts of the Charity for the year ended 31 March 2025.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charit¢s trustees are responsible for the preparation of the accounts. The charity's Trustees
corisider that an audit is not required for this year under section 144121 of the Charities Art 2011 Ithe
2011 Act) and that an independent examination is required.
It is my responsibility to..
examine the accounts under section 145 of the 2011 Act:
to follow the procedures laid down in the General Directions given by the Charity Commissioner
under section 14515llbl of the 2011 Act- and
to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the General Directions given by the Charitv
Commissioner. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also inclltdes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such
matters. The procedures undertaken do not provide all the evidence that would be required in an audit,
nd consequently no opinion 15 given as to whether the accounts present a 'true and fair view, and the
report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination. no matter has come to my attention..
111 which gives me reasonable cause to believe that. in any material respect, the requirements
to keep accounting records in accordance with section 133 of the 2011 Act- and
to prepare accounts which accord with the accounting records and to comply with the accounting
requirements of the 2011 Act have not been met- or
121 to which, in my opinion. attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
9 lune 2025
J Palmer ACA
Bright Brown Lirnited
Chartered Accountants
Ejtchange House.
St. Cross Lane,
Newport, l.W.

NEWPORT GRAMMAR SCHOOL CHARITY
Page.. 6
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR TO 31 MARCH 2025
2025
2024
RECEIPTS:
Income receipts
VAT reclaimed
530
296
From assets
Bank interest
Dividends on investments
Rents received
Compensation
1.309
30.732
527
26.584
500
150
Total income and asset receipts
33,721
27,907
Asset and investment sales
Sale of investments
228,737
Totsl receipts
262.458
27.907
PAYMENTS:
Charitable activity direct expenditure:
Grants
15.306
623
19,657
537
547
Insurance
Property repairs and m3inten3nce
3,476
19,405
20,741
Other expenditure:
Advertising
Independent examiner's fees
Accountancy fees
Administration
Legal and professional fees
150
150
420
175
480
557
194
760
1.980
3,790
1,076
23,195
21,817
Other Payments:
Asset and investment acqui51tions
260,863
Total payment5
284,058
21.817
Net receiptsllpaymentsl for the year
Bank balances brought forward at l April
121,600)
6,090
104,173
98,083
Bank balances carried forward at 31 March
82.573
104.173

NEwpoirr GRAMMAR SCHOOL CHARrrY
Page- 7
srATEMEKf OF ASSEfs AND UABILMES AT 31 MARCH 2025
2025
2024
MONEfARY A55ETS
Current account
Instsnt savings
Tem) deposit
6,475
15,04S
61,053
29,370
14,803
82.573
104.173
INVE¥fMEKf ASSErs
Valuation at 31 March 2025
Land at Worsley Road Fields
250,IYJO
I,OLKJ,C
250,1XJO
I,0￿,000
The Trustees have valued the asset held by the chaiity at what they believe its market
value to be as at the year end.
InvesTrments
Valuation at 31 March 2025
C.O.l.F. Chartties Investment Fund
19.227.27 Income shares
374.559
242.568
C.O.l.F. Charrties Investment Fund
1,274.75 Accumulation shares
321.186
327.696
M&G Charibond Fixed Interest
84,224
86,039
Atomos {previou51y Thesis A55et Management)
239,510
St James, Wealth
2S9,691
257,318
Brooks Macdonald
229.907
Waverton
336.345
1.376.005
1.383.039
The notes on page 8 fom part of these accounts
Approved by the Board of Trustees on ....... ....
Drj Nainby-Luxmoore. DL
Burnett

NEWPORT GRAMMAR SCHOOL CHARITY
Page.. 8
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 MARCH 2025
11 Accounting Policies
al Basis of accounting
The accounts are prepared under the historical cost convention on the receipts and payments basis. The
recommendations of Statement of Recommended Practice - Accounting & Ret)orting by Charities have been
followed in the preparation of tnese accounts.
21 Fund Accounting
The charity's general funds consist of funds which the charity may use for its purposes at its discretion. No
restricted fund transactions took place during the year.
31 Cost of Investments
The historic cost on acquisition of the investments at 31 Mdrch were..
2025
2024
C.O.l.F. Charities Investment Fund
19,227.27
1,274.75
Income shares
AccumulatlOD shares
280,000
40,000
130,000
40,000
M&G Charibond Fixed Interest
l(KJ.000
loo,000
Atomos (previously Thesis Asset Management)
250,CK)O
St James. Wealth
250,000
250,000
Brooks Macdonald
250,000
Waverton
350,000
1.020,CM)0 1,020,000