2023-08-31-accounts

Reference and Administrative Details	Reference and Administrative Details	Reference and Administrative Details
Trustees' Report			2 to 4
Statement ofTrustees'		Responsibilities
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet			8 to 9
Notes to the Financial	Statements		10to 23

				Reference and	Administrative	Administrative	Administrative	Administrative	Details	Details
Trustees				Mr G Tunier
				Mr DA Peat
				Mr MJ Godck
				Mr IDH Hamilton,		(resigned			6 September 2023)
				Mrs L Crabtree
				Mr ROmar,	(appointed		27	Febmaiy 2023)
Charity Registration			Number	1041220
Coinpany	Registration		Nuinber	02967199
				The charity is incorporated				in	England	and Wales.
Registered		Office		Queen Elizabeth's		Grammar		School
				West Park Road
				Blackburn
				Lancashire
				BB26DF
independent		Examiner		Mark Bradley BA		FCA
				Beever and Struthers
				Suite 9B
				The Beehive
				Lions Drive
				Blackburn
				BB1SQS
Insurance	Brokers			AJ Gallagher	insurance		Brokers Ltd
				St George's House
				Drakehouse	Crescent
				S he flic id
				S20 7HT
Investment		Advisors:		Brewin Dolphin
				I The Avenue
				Springfield's	Square
				Manchester
				M3 3AP
Bankers				Lloyds Bank	pic
				Commercial	Banking
				PO Box 1000
				BX11LT

The recent	perforiuance	is sununarised as follo	ws:
			2023 2022	202]
Investments			2,154,592 2,148,586	2,316,318
Inveshnent	income		46,495 66,918	43,445
Realised and unrealised		gain / (loss)	(15,695) (212,556)	348,754

		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	2023	2022
	Note
Income and Endowmeuts	from:
Donations and legacies	3	3,373			3,373	2,597
Charitable activities	4					199,531
Investment income	5	23,971	22,524		46,495	66,918
Other income	6	765			765
Total income		28,109	22,524		50,633	269,046
Expenditure on:
Raisuig funds	7	(4,810)	(4,686)		(9,496)	(5,838)
Charitable activities	8	(14,930)	(28,459)		(43,389)	(632,332)
Total expenditure		(19,740)	(33,145)		(52,885)	(638,170)
Gains/losses on investment assets		~7,929	~(5,52(	~(3,(54	~(5,6957	~(2(2,556
Net income/(expenditure)		1,349	(16,1427	~(3,(54	~(37,947	581,680
Net movement in funds		1,349	(16,142)	(3,154)	(17,947)	(581,680)
Reconciliation offunds
Total funds brought
forward		1,278,037	928,789	165,817	2,372,643	2,954,323
Total funds carried
forward	20	1,279,386	912,647	162,663	2,354,696	2,372,643

		Balan	ce Sheet as at	31August 202	3
					2023	2022
				Note
Fixed assets
Tangible assets				15	163,064	156,792
Investments				16	2,154,592	2,]48,586
					2,317,656	2,305,378
Current assets
Debtors				17	5,613	4,054
Cash at bank	and in hand			18	37,397	70,604
					43,010	74,658
Creditors: Amounts		faIling due within	one year	19	(5,970)	(7,393)
Net current	assets				37,040	67,265
Net assets					2,354,696	2,372,643
Funds ofthe	charity:
Endowment	funds				162,663	165,817
Restricted income funds
Restricted funds				20	912,647	928,789
Unrestricted	income	funds
Unrestricted	funds				1,279,386	1,278,037
Total funds				20	2,354,696	2,372,643

3	Incom	e fro	m donations	and legaci	es
						Unrestricted
						funds	Total	Total
						General	2023	2022
						s
Donations		and	legacies;
	Unrestricted		donations			3,373	3,373	2,597
						3,373	3,373	2,597
4	Income from charitable			activities
							Total	Total
							2023	2022f
	Nursery	School						199,531
5	Investment		income
					Unrestricted
					funds	Restricted	Total	Total
					General	funds	2023	2022
								s
Income fiom listed invesnnents					23,971	22,524	46,495	66,918
6	Other	income
						Unrestricted
						funds	Total	Total
						General	2023f	2022 s
Rental income						765	765

a) Investme	nt m	ana	gement	costs
					Unrestricted
					funds	Restricted	Total	Total
					General	funds	2023	2022
				Note				8
Other investment
management	costs, '
Other portfolio
management costs					4,810	4,686	9,496	5,838
					4,810	4,686	9,496	5,838
8 Expenditure		on	charitable	activities
					Unrestricted
					funds	Restricted	Total	Total
			Note		General	funds	2023	2022f
Nursety school								195,405
Depreciation	offixed
assets, impairment
charge written back					(6,272)		(6,272)	(4,253)
lmpaument	provision
on granting	lease							358,995
Donations					3,096	28,459	31,555	33,169
Governance	costs		9		18,106		18,106	49,016
					14,930	28,459	43,389	632,332

						Unrestricted
						funds	Total	Total
						General	2023	2022
Independent	examiner fees
Examination		of	the financial		statements	3,150	3,150	6,390
Legal fees						1,185	1,185	22,738
Other governance			costs			13,771	13,771	19,888
						18,106	18,]06	419,016
10 Net incoming/outgoing				resources
Net outgoing		resources for		the	year include:

Net outgoing	res	ources for the year include:
				2023	2022
hnpahment Depreciation	loss of	on disposal offixed assets held for the charity's fixed assets	own use	(6,2723	358,995 ~(4,273

12 Staff costs
The aggregate	payroll costs were as follows:
			2023	2022
Staff costs during		the year were:
Wages and salaries				111,558
Social security	costs			3,273
Pension costs				10,893
				125,724

Nursery staff
Non-executive		Trustees
No employee	received emoluments			ofmore than 860,000 dm ing the year.
13 Iudependent		examiner's	remuneration

2023	2022
No	No
	13
2023	2022
3,150	6,390

15 Tangible	fixed assets
			Land and
			buildings	Total
Cost
At I September 2022			10,342,930	10,342,930
At 31 August 2023			]0,342,930	10,342,930
Depreciation
At 1 September 2022 Impairment charge written		back	10,186,138 ~6,2727	10,186,138 76,2727
At 31August	2023		10,179,866	10,179,866
Net book value
At 31August	2023		163,064	163,064
At 31 August	2022		156,792	156,792

16 Fixed asset investmeuts
		2023	2022
Other investments		2,154,592	2,148,586
Other investments
	Listed	Unlisted
	investments	investments	Total
Cost or Valuation
At I September 2022	2,076,158	72,428	2,148,586
Revaluation	(]5,695)		(15,695)
Additions Disposals	34,160	~92,459	34,160 412,459)
At 31August 2023	2,094,623	59,969	2,154,592
Net book value
At 31 August 2023	2,094,623	59,969	2,154,592
At 31 August 2022	2,076,158	72,428	2,148,586

COIF	Acumulation Shares	359,249	16.7
COIF	Income Shares	242,026	1].2
M&G	Charifund Incoem Shares	136,752	6.3

17 Debtors
	2023	2022
Prepayments	999
Other debtors	4,614	4,054
	5,613	4,054
18 Cash and cash equivalents
	2023	2022
Cash at bank	37,397	70,604

19 Creditors: amo	unts	falling	due within one y	ear
						2023	2022
Other creditors							3
Accruals						5,970	7,390
						5,970	7,393
20 Funds
			Balance at 1			Other	Balance at
			September	Incoming	Resources	recognised	31 August
			2022	resources	expended	gains/(losses)	2023
Unrestricted funds
Gee em/
Free General Reserves			1,121,245	28,109	(26,0]2)	(7,020)	1,116,322
Designated
School Land and	Buildings		156,792		6,272		163,064
Total unrestricted	funds		1,278,tl37	28,109	~)9,740)	~7,020)	1,279,386
Restricted funds
Junior School Hall Fund			2,362				2,362
Stained Glass Window		Fund	1,155				1,155
Clare Radcliffe
Accumulated Income			4,754				4,754
Zeebrugge Fund			837		(837)
Em'iclunent Fund			102,016		(12,022)		89,994
Prize and Scholarship		Fund	128,681	6,970	(15,600)	(1,641)	118,410
Jolu) Law Scholarship			584,077	13,080	(3,975)	(3,157)	590,025
Blakley Sixth Fo)m
Languages Scholarship			104,907	2,474	(711)	(723	105,947
Total restricted funds			928789	22524	~33,)45	~552))	912647
Endowment funds
Permnne)6/
M)s Clara Radcliffe Trust
Fund: Capital - Permanent
Endowment Fund			1,368				1,368
~pendss/e Prize and Scholarship		Funds	164,449			~3,)54	161,295
			164,449			(3,154)	161,295
Total endosvment	funds		165,817			~63,)54	162,663
				Page 19

			Balance at I	Balance at I					Other	Other		Balance at
			September	Incoming		Resources		recognised				31August
			2022	res	ources	expended		gains/(losses)				2023
									f.
Total funds			2,372,643		50,633		(52,885		15,695			2,354,696
			Balance at
			1						Other			Balance at
			September	Incoming	Resources				recognised			31August
			2021	resources	expended		Transfers		gains/(losses) f			2022
Unrestricted	funds
Gerrernl
Free General Reserves			1,322,380	222,314	(282,208)		(48,579)		(92,662)			1,]21,245
Designnrer/
School Land and
Buildings			511,534		~(354,742							156,792
Total unrestricted		funds	1,833,914	222,314	~636,950		~48,579)		~92,662			1,278,037
Restricted
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 Inconre			4,754									4,754
Zeebrugge	Fund		837									837
Enrichment	Fund		102,016									102,016
Prize and Scholarship
Fund			118,148	6,918			7,675			(4,060)		128,681
Bowland Trust			257					(257)
John Law	Scholarship		651,940	9,837		(4,380)			(73,320)			584,077
Blaktey Sixth Form
Languages	Scholarship		106,483	29,977		3,160			(34,713)			104,907
Total restricted funds			987,079	46,732		(1,220)	8,291		~(112,093			928,789
Endo&vment	funds
Pen&uureni
Mrs Clara	Radcliffe
Trust Fund: Capital-
Pennanent	Endowtnent
Fund			1,368									1,368

		Balance at
		I				Other	Balance at
		September	Incoming	Resources		recognised	31 August
		2021f	resources	expended f	Transfers	gains/(losses)	2022
Emir endub le
Prize and Scholarship
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
Total funds		2,954,323	269,046	~638,170		~(212,556	2,372,643

						Total funds
					Endowment	at 31
		Unrestricted	funds	Restricted	funds	August
		General	Designated	funds	Expendable	2023
Tangible	fixed assets		163,064			163,064
Fixed asset investments		1,214,319		777,610	162,663	2,154,592
Cunent	assets	(92,027)		135,037		43,010
Current	liabilities	(5,970)				(5,970)
Total net assets		1,116,322	163,064	912,647	162,663	2,354,696
						Total funds
					Endowment	at 31
		Unrestricted	funds	Restricted	funds	August
		General	Designated	fundsf	Expendable	2022
Tangible	fixed assets		156,792			156,792
Fixed asset investments		1,210,506		772,263	165,817	2,148,586
Current	assets	(81,868)		156,526		74,658
Cun ent	liabilities	(7,393l				(7,393)
Total net assets		1,121,245	156,792	928,789	165,817	2,372,643

23 Prior year Sta	tement	ofFinancial	Activities
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	2022
		Note
income and Endowments		from:
Donations and legacies		3	2,597			2,597
Charitable activities		4	199,531			199,531
luvesuuent income		5	20,186	46,732		66,918
Total income			222,314	46,732		269,046
Expenditure on:
Raising funds Charitable activities		7 8	(4,618) ~632,332)	(1,220)		(5,838) ~632,332
Total expenditure			(636,950)	(1,220)		(638,170)
Gains/losses on investment assets			~92,662	~))2,993	~7,89)	~2)2,556)
Net expenditure Transfers between	funds		(507,298) ~48,579	(66,581) 8,291	(7,801) 40,288	(581,680)
Net movement in funds			(555,877)	(58,290)	32,487	(581,680)
Reconciliation of	funds
Total funds brought	forward		1,833,914	987,079	133,330	2,954,323
Total funds can ied	fo)ward	20	1,278,037	928,789	165,817	2,372,643