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





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|||||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|||||||





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



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|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2023|2022|
||Note||||||
|Income and Endowmeuts|from:||||||
|Donations<br>and legacies|3|3,373|||3,373|2,597|
|Charitable<br>activities|4|||||199,531|
|Investment<br>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<br>on:|||||||
|Raisuig<br>funds|7|(4,810)|(4,686)||(9,496)|(5,838)|
|Charitable<br>activities|8|(14,930)|(28,459)||(43,389)|(632,332)|
|Total expenditure||(19,740)|(33,145)||(52,885)|(638,170)|
|Gains/losses<br>on<br>investment<br>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<br>in funds||1,349|(16,142)|(3,154)|(17,947)|(581,680)|
|Reconciliation<br>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|





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|||Balan|ce Sheet as at|31August 202|3||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Note|||
|Fixed assets|||||||
|Tangible<br>assets||||15|163,064|156,792|
|Investments||||16|2,154,592|2,]48,586|
||||||2,317,656|2,305,378|
|Current<br>assets|||||||
|Debtors||||17|5,613|4,054|
|Cash at bank|and in hand|||18|37,397|70,604|
||||||43,010|74,658|
|Creditors:<br>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<br>income funds|||||||
|Restricted<br>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|



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|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<br>s|
|Rental income||||||765|765||





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|a) Investme|nt<br>m|ana|gement|costs|||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||||
||||||funds|Restricted|Total|Total|
||||||General|funds|2023|2022|
|||||Note||||8|
|Other investment|||||||||
|management|costs,<br>'||||||||
|Other portfolio|||||||||
|management<br>costs|||||4,810|4,686|9,496|5,838|
||||||4,810|4,686|9,496|5,838|
|8<br>Expenditure||on|charitable|activities|||||
||||||Unrestricted||||
||||||funds|Restricted|Total|Total|
||||Note||General|funds|2023|2022f|
|Nursety<br>school||||||||195,405|
|Depreciation|offixed||||||||
|assets, impairment|||||||||
|charge written<br>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|





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|||||||Unrestricted|||
|---|---|---|---|---|---|---|---|---|
|||||||funds|Total|Total|
|||||||General|2023|2022|
|Independent|examiner<br>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<br>Depreciation|loss <br> of|on disposal offixed assets held for the charity's<br>fixed assets|own use|(6,2723|358,995<br> ~(4,273|



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|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<br>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|



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|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<br>1 September 2022<br>Impairment<br>charge written||back|10,186,138<br>~6,2727|10,186,138<br>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|





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|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<br>Disposals|34,160|~92,459|34,160<br>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<br>Shares|359,249|16.7|
|---|---|---|---|
|COIF|Income Shares|242,026|1].2|
|M&G|Charifund<br>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|





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|19 Creditors: amo|unts|falling|due within<br>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<br>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<br>funds||||||||
|Junior School Hall Fund|||2,362||||2,362|
|Stained Glass Window||Fund|1,155||||1,155|
|Clare Radcliffe||||||||
|Accumulated<br>Income|||4,754||||4,754|
|Zeebrugge<br>Fund|||837||(837)|||
|Em'iclunent<br>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<br>Scholarship|||104,907|2,474|(711)|(723|105,947|
|Total restricted<br>funds|||928789|22524|~33,)45|~552))|912647|
|Endowment<br>funds||||||||
|Permnne)6/||||||||
|M)s Clara Radcliffe Trust||||||||
|Fund: Capital - Permanent||||||||
|Endowment<br>Fund|||1,368||||1,368|
|~pendss/e<br>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||||





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||||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)<br>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<br>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<br>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|





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|||Balance at||||||
|---|---|---|---|---|---|---|---|
|||I||||Other|Balance at|
|||September|Incoming|Resources||recognised|31 August|
|||2021f|resources|expended<br>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|



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|||||||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|



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|23 Prior year Sta|tement<br>|ofFinancial|Activities||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|funds|2022|
|||Note|||||
|income and Endowments||from:|||||
|Donations<br>and legacies||3|2,597|||2,597|
|Charitable<br>activities||4|199,531|||199,531|
|luvesuuent<br>income||5|20,186|46,732||66,918|
|Total income|||222,314|46,732||269,046|
|Expenditure<br>on:|||||||
|Raising funds<br>Charitable<br>activities||7<br>8|(4,618)<br>~632,332)|(1,220)||(5,838)<br>~632,332|
|Total expenditure|||(636,950)|(1,220)||(638,170)|
|Gains/losses<br>on investment<br>assets|||~92,662|~))2,993|~7,89)|~2)2,556)|
|Net expenditure<br>Transfers between|funds||(507,298)<br>~48,579|(66,581)<br>8,291|(7,801)<br>40,288|(581,680)|
|Net movement<br>in funds|||(555,877)|(58,290)|32,487|(581,680)|
|Reconciliation<br>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|