##
##
|Reference and Adminish'ative
Details|Reference and Adminish'ative
Details||
|---|---|---|
|Trustees' Report||2to 4|
|Statement ofTrustees'|Responsibilities||
|Independent
Examiner's|Report||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Notes to the Financial|Statements|9to 23|
##
|||||Reference and Administrative|Reference and Administrative|Reference and Administrative|Reference and Administrative|Reference and Administrative|Details|Details|
|---|---|---|---|---|---|---|---|---|---|---|
|Trustccs||||Mr G Turner|||||||
|||||Mr DA Peat|||||||
|||||Mr MJ Gorick|||||||
|||||Mr IDH Hamilton|||||||
|||||Mrs LCrabtree|||||||
|||||Mr ROmar|||||||
|Principal|OBIce|||Queen Elizabetlps||Grannnar||School|||
|||||West Park Road|||||||
|||||Blackbum|||||||
|||||Lancashire|||||||
|||||BB26DP|||||||
|||||The charity is|incorporated|||in England||and Wales.|
|Company|Registration||Number|02967199|||||||
|Charity Registration|||Number|1041220|||||||
|Independent||Examiner||Mark Bradley|BA|FCA|||||
|||||Beever and Struthers|||||||
|||||Suite 9B|||||||
|||||The Beehive|||||||
|||||Lions Drive|||||||
|||||Blackburn|||||||
|||||BBISQS|||||||
|Bankers||||Lloyds TSBBank||pic|||||
|||||Church Street|||||||
|||||Blackburn|||||||
|||||BB21JE|||||||
|Investment||Advisors||Brewin Dolphin|||||||
|||||1 The Avenue|||||||
|||||Springfiettts
Square|||||||
|||||Manchester|||||||
|||||M3 3AP|||||||
|Insurance|Brokers|||AJ Gagagher|Insurance||Brokers Ltd||||
|||||StGeorge's House|||||||
|||||Drakehouse
Crescent|||||||
|||||Sheffield|||||||
|||||S207HT|||||||
##
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##
||||||2022
2021|2020|
|---|---|---|---|---|---|---|
|Invesuuents|||||2,148,5862,316,318|1,701,499|
|Investment|income (including|intermt|in surplus|cash deposits)|66,918
43,445|56,761|
|Realised and unreal ised gain I(loss)|||||(212,556) 348,754|(38,433)|
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||||Uorestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|funds
f|funds|funds|2022
f,|2021f|
|Income and Kndownients||from:||||||
|Donations
and legacies||3|2,597|||2,597|2,600|
|Chaiitable
activities||4|199,531|||199,531|538,594|
|Investment
income||5|20,186|46,732||66,918|43,445|
|Total income|||222,314|46,732||269,046|584,639|
|Kxpenditm'e
ou:||||||||
|Raising funds||6|(4,618)|(1,220)||(5,838)|(12,395)|
|Charitable
activities|||~(632,3|||~(632,»|~(604,214|
|Total expenditure
Gains/losses
on investment
assets|||(636,950)
~(92,662|(1,220)
~0)|~7.8|(638,170)
~912,l56|(616,609)
4,
4|
|Net (expenditme)/income
Transfers between
funds|||(507,298)
~48,579|(66,581)
8,291|(7,801)
40,288|(581,680)|316,784|
|Net movement
in funds|||(555,877)|(58,290)|32,487|(581,680)|316,784|
|Reconciliation
offunds||||||||
|Total funds brought||||||||
|fotwa(d|||1,833,914|987,079|133,330|2,954,323|2,637,539|
|Total funds ciuried|forward|19|1,278,037|928,789|165,817|2,372,643|2,954,323|
##
|||Balan|ce Sheet as at|31August 20|22||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|f.||
|Fixed assets|||||||
|Tangible
assets||||14|156,792|511,534|
|investruents|||||,14
86|2,316,319|
||||||2,305,378|2,827,853|
|Current
assets|||||||
|Debtors||||16|4,054|13,372|
|Cash at bank|and in hand|||17|70,604|121,583|
|Creditors: Atuounts||falling due within|one year|18|74,658
~7, 9|134,955
8,485|
|Net curn cut|assets||||67,265|126,470|
|Net assets|||||2,372,643|2,954,323|
|Funds ofthe|charity:||||||
|Kndowmentfunds|||||165,817|133,330|
|Restricted income funds|||||||
|Restricted
funds||||19|928,789|987,079|
|Uurestricted|income|funds|||||
|Unrestricted|funds||||1,278,037|1,833,914|
|Total funds||||19|2,372,643|2,954,323|
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##
|3
income|fi'o|m donat|ions
and legacies|||
|---|---|---|---|---|---|
|||||Unresh'icted||
|||||funds|Total|
|||||General|2022|
|Donations|and|legacies;||||
|Unrestricted||donations||2,597|2,597|
|||||2,597|2,597|
|||||Unresudcted||
|||||funds|Total|
|||||General|2021|
||||||f.|
|Donations|and|legacies,|'|||
|Unrestricted||donations||2,600|2,600|
|||||2,600|2,600|
##
##
||Nursety|School|
|---|---|---|
||Nursery|School|
|5|Investmcut
income||
|Unrestricted||
|---|---|
|funds|Total|
|General|2022|
|199,531|199,531|
|Unrestricted||
|funds|Total|
|General|2021|
|538,594|538,594|
|5
Inve|stmcut
income||||
|---|---|---|---|---|
|||Unrestricted|||
|||funds|Restricted|Total|
|||General|fuuds|2022|
||||8||
|Income|from listed investments|20,186|46,732|66,918|
|||20,186|46,73|6 978|
|||Unrestricted|||
|||funds|Restricted|Total|
|||General|funds|2021|
|||f.|||
|Income|fiom listed investments|22,141|21,304|43,445|
|||22,141|21,304|43,445|
##
|a) Investment|a) Investment|management|management|management|costs|costs|costs|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Unrestricted|||
||||||||||funds|Restricted|Total|
||||||||||General|funds|2022|
|||||||||Note|f.|||
|Other investtuent|||management|||costs;||||||
|Other|portfolio||management|||costs|||4,618|1,220|5,838|
||||||||||4,618|1,220|5,838|
||||||||||Unrestricted|||
||||||||||funds|Restricted|Total|
|||||||||Note|General|fuads|2021f|
|Other investment|||management|||costs;||||||
|Other|portfolio||managenrent|||costs|||5,498|6,897|12,395|
||||||||||5,498|6,897|12,395|
|7
Expenditure|||on charitable|||activities||||||
|||||||||||Uurestdcted||
|||||||||||funds|Total|
|||||||||||General|funds|
||||||||||Note|8||
|Nursery|School|||||||||195,405|195,405|
|Depreciation of|||fixed|assets,|impairment|||charge written||||
|back||||||||||(4,253)|(4,253)|
|hnpairment
provision||||on granting|||lease|||358,995|358,995|
|Charity|support||costs|||||||33,169|33,169|
|Governance
costs||||||||||49,016|49,016|
|Total for 2022||||||||||632,332|632,332|
|Total for 2021||||||||||604,214|604,214|
||||||||||Activity|||
||||||||||undertaken|Governance||
||||||||||directly|costs|2021|
|Nursety|School||||||||586,943|17,271|604,214|
##
##
##
|Goverusnce||cos|ts|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unresttdcted||||
||||||||funds|Total|Total|
|||||||General||2022|2021|
||||||||f|f.||
|Iudependent|examiner.
fees|||||||||
|Exanunation||ofthe financial|||statements||6,390|6,390|3,120|
|Legal fees|||||||22,738|22,738|14,151|
|Other governance|||costs||||19,888|19,888||
||||||||49,016|49,016|17,271|
|9
Net Incoming/outgoing||||resources||||||
|Net outgoing||resources for the year include:||||||||
|||||||||2022|2021f|
|Impairment
Depreciation|loss
of||on disposal offixed assets held for the charity's
fixed assets, impaument
charge mitten back||||own use|358,995
~4,
3|1,902|
##
##
|11 Staff costs|||||
|---|---|---|---|---|
|The aggregate|payroll costs were as follows:||||
||||2022|2021|
|||||f.|
|Staff costs dtutng||the year were:|||
|Wages and salaries|||111,558|323,104|
|Social security|costs||3,273|14,168|
|Pension costs|||10,893|12,928|
||||125,724|350,200|
|the year expre|ss|ed
as fiill tim|e equi|valents
was as follows:|||||
|---|---|---|---|---|---|---|---|---|
|||||||2022||2021|
|||||||No||No|
|Nurseiy staff||||||||24|
|Non-executive||Trustees||||||5|
||||||||13|29|
|No employee|received eiuoluments|||ofmore than f60,000 during|the year.||||
|12 fndependent||examiner's|remuneration||||||
|||||||2022||2021|
|Examination|o|fthefinancial|stateiu|ents||6,390||3,120|
##
##
##
|14 Tangible fixed assets|14 Tangible fixed assets||||||
|---|---|---|---|---|---|---|
|||||Fixtures,|||
||||Freehold Land|fittings|and||
||||and buildings|equipment||Total|
||||g|f.|||
|Cost
At I Septeiuber 2021
Disposals|||10,342,930|5,378
~75||10,348,308
~(5,378|
|At 31 August 2022|||10,342,930|||10,342,930|
|Depreciation|||||||
|At I September 2021|||9,831,396||5,378|9,836,774|
|Charge for the year|||1,832|||1,832|
|Impairment
charge written back|||(6,085)|||(6,085)|
|Elinunated
on disposais|||||(5378)|(5,378)|
|Impairment
provision|on granting|lease|358,995|||358,995|
|At 31August 2022|||10,186,138|||10,186,138|
|Net book value|||||||
|At 31August 2022|||156,792|||156,792|
|At 31 August 2021|||511,534|||511,534|
##
##
|15 Fixed asset investments||||
|---|---|---|---|
||Listed|Cash held svith||
||investments|investors|Total|
|Cost or Valuation||||
|At I Septetuber 2021|2,214,424|101,895|2 316319|
|Revaluation|(212,557)||(212,557)|
|Additions|74,291||74,291|
|Disposals||(29,467)|(29,467)|
|At 31 August 2022|2,076,158|72,428|2,148,586|
|Net book value||||
|At 31August 2022
At 31 August 2021|2,076,158
2,214,424|72,428
2,148,586
101,89»16,»9||
|portfolio
aud rep|resen|t
5'/0 ormore ofthe total investment|value at 31August 2021:||
|---|---|---|---|---|
|||||'/0|
|COIF Accumulation||Shares|355,760|17|
|COIF Income Shares|||246,833||
|M&G Charifund|Income Shares||144,212|6.71'/0|
|16 Debtors|||||
|Other debtom|||2022
2021
f.
4,04»,372||
|17 Cash and cash equivalents|||||
||||2022|2021|
|||||f.|
|Chbk|||70,604|121,583|
##
##
##
|18 Creditors: amounts|falling du|e within
one y|ear|||||
|---|---|---|---|---|---|---|---|
||||||2022||2021|
|Other creditors||||||3|5,364|
|Accruals||||||7,390|3,121|
|||||||7,393|8,485|
|19 Funds||||||||
|||Balance at||||||
|||I||||Other|Balance at|
|||September|Incondng|Resources||recognised|31August|
|||2021|resources|expended|Transfers|gains/(losses)|2022|
||||f.||||g|
|Unrestdcted
funds||||||||
|General||||||||
|Free General Reserves||1,322,380|222,314|(282,208)|(48,579)|(92,662)|1,121,245|
|Designated||||||||
|School Land and Buildings||511,534||(354,742|||156,792|
|Total unrestricted
funds||~1833,914|222,314|~636,950|~48,579|~92,662|1,278,037|
|Restricted funds||||||||
|Digital Art Project||292|||(292)|||
|Junior School Hall Fund||2,362|||||2,362|
|Stained Glass Window|Fund|1,155|||||1,155|
|Singleton
Travel Award Fund||(1,165)|||1,165|||
|Clare Radcliffe Accumulated||||||||
|Income||4,754|||||4,754|
|Zeebrugge
Fuad||837|||||837|
|Enrichment
Fund||102,016|||||102,016|
|Prize and Scholatship|Fund|11E,148|6,918||7,675|(4,060)|128,681|
|Bowland Ttust||257|||(257)|||
|John Law Scholarship||651,940|9,837|(4,380)|—|(73,320)|584,077|
|Blakley Sixth Form Languages
Scholarship||106,483|29,977|3,160||~34,713|104,907|
|Total restricted
funds||987,079|46,732|~1,220|E,291|~112,093|928,789|
|Endowment
funds||||||||
|Permanent||||||||
|Mrs Clara Radcliffe Trust||||||||
|Fund: Capital
—Permanent||||||||
|Endowment
Fund||1,368|||||1,368|
##
##
|||Balance at|||||||
|---|---|---|---|---|---|---|---|---|
|||I|||||Other|Balance at|
|||September|Incotuing|Resources|||recognised|31August|
|||2021|resources|expended|Transfers|gains/Bosses)||2022|
|||f.|||f.||g||
|Expendable
Prize and Scholatxhip|Funds|131,962|||40,288||~7,801|164,449|
|||131,962|||40,288||~7,801|164,449|
|Total endowment
funds||133,330|||40,288||~7,801|165,817|
|Totalfuads|||||||||
|||Balance||||||Balance|
|||at I|||||Other|at31|
|||Septentber|Iucondng|Resources|||recognised|August|
|||2020|resources|expended|Transfers||gains/Bosses)|2021|
|||||f.|||g||
|Unrestricted
funds|||||||||
|General|||||||||
|Free General Reserves||1,023,992|563,335|(607,810)|140,000||202,863|1,322,380|
|Desigttated
School Land and Buildings||513,436||~1,902||||511,534|
|Total unrestricted
funds||1,537,428|563,335|~609,712|140,000||202,863|1~833,914|
|Reshicted|||||||||
|Digital Art Project||292||||||292|
|Junior School Hall Fund||2,362||||||2,362|
|Staiued Glass Window Fund||1,155||||||1,155|
|Singleton Travel Award Fund||(1,165)||||||(1,165)|
|Clare Radcliffe Accumulated|||||||||
|Income||4,754||||||4,754|
|Zeebrugge
Fund||837||||||837|
|Enrichment
Fund||102,016||||||102,016|
|Prize and Scholarship|Fund|78,987|||||39,161|118,148|
|Bowland Trust||257||||||257|
|John Law Scholarship||540,915|9,604|(4,812)|||106,233|651,940|
|Blakley Sixth Foun
Scholarship|Languages|236,371|11,700|~2,085|~140,000||497|106,483|
|Total restdcted
funds||966,781|21,304|~(6,897|~(140,000||145,891|987,079|
|Endowment
funds|||||||||
|Permanent|||||||||
|Mtx Clara Radcliffe|Trust Fund:||||||||
|Capital - Permanent
Fund|Eudowment|1,368||||||1,368|
##
##
|Notes|to t|he Finan|cial Stateme|nts
for th|e Year Eu|ded 31A|ugust 2022||
|---|---|---|---|---|---|---|---|---|
||||Balance|||||Balance|
||||at I||||Other|at 31|
||||September|Iucoming|Resources||recognised|August|
||||2020|resources|expended
f|Transfers
f|gains/IIosses)|2021|
|Expenduble|||||||||
|Prize and Scholarship||Funds|131,962|||||131,962|
||||131,962|||||131,962|
|Total endowment|funds||133,330|||||133,330|
|Total funds|||2,637,539|584,639|~616,609||348,754|2,954,323|
|Fund Restrictions|||||||||
##
##
##
|20 Analysis of|net assets b|euveen
funds|||||
|---|---|---|---|---|---|---|
|||||||Total funds|
||||||Endoivmcnt|at 31|
|||Unrestricted|funds|Restricted|funds|August|
|||General|Designated|funds|Expendable|2022|
|Tangible fixed|assets||156,792|||156,792|
|Fixed asset investments||1,210,506||772,263|165,817|2,148,586|
|Cmrent assets
Ciurent liabilities||(81,868)
(77383||156,526||74,658
~7,
3|
|Total net assets||1,121,245|156,792|928,789|165,817|2,372,643|
|||||||Total funds|
||||||Endoivment|at 31|
|||Uurestricted|funds|Restricted|funds|August|
|||General|Designated
f|funds|Expendable|2021|
|Tangible fixed|assets||511,534|||511,534|
|Fixed asset investments||1,180,778||1,002,210|133,330|2,316,318|
|Curreut assets
Creditors over|1 year|10,086
~(,484||124,869||134,955
~(,484|
|Total net assets||1,182,380|511,534|1,127,079|133,330|2,954,323|
|21 Analysis
ofnet funds||||||
|---|---|---|---|---|---|
||||At 1|||
||||September|Financing
cash|At 31August|
|Cash atbank and in hand
Net debt|||2021
121,583
121,38|flaivs
~0,979)
~0.979|2022f
70,604
70 604|
||||At 1|||
||||September|Financing
cash|At 31August|
|Cash at bank and in hand|||2020
464,219|Bows
~4.63|2021f
121,583|
|Net debt|||4 4
19|~342,6 6|121,583|
|22 Related party transactions||||||
|Certain
Trustees of the charity,
during
the year, were also Trustees of the QEGS Blackbum
Academy
Trust.
During
the year thc charity made donations
to QEGS Blackbmu Academy
Trust amounting
to f445,019(2021:
f199,0002 At 31 August 2022 the charity owed f4 to QEGS Blackburn
Academy
Tnist (2021:f5,364 awed to||||||
|QEGS Blackbmu Academy Tiust).||||||
##
##
|23 Prior year Statement|23 Prior year Statement|ofFinancial|ofFinancial|Activities||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|
|||||funds|funds|funds|2021|
||||Note|||||
|Income and Endowments|||from:|||||
|Donations
and legacies|||3|2,600|||2,600|
|Charitable
activities|||4|538,594|||538,594|
|Invesuuent
income|||5|22,141|21,304||43,445|
|Total income||||563,335|21,304||584,639|
|Expenditure
on:||||||||
|Raising funds
Chut table activities||||(5,498)
~604, 14|(6,897)||(12,395)
~26 4.214|
|Total expenditure||||(609,712)|(6,897)||(616,609)|
|Gains/losses
on investment||||||||
|assets||||202,863|145,891||348,754|
|Net income
Transfers between|funds|||156,486
140,000|160,298
~240,000||316,784|
|Net movement
in funds||||296,486|20,298||316,784|
|Reconciliation
offunds||||||||
|Total funds brought|forward|||1,537,428|966,781|133,330|2,637,539|
|Total funds carried|forward||19|1,833,914|987,079|133,330|2,954,323|