2023-08-31-accounts

		Page
Trustees and advisers
Report ofthe Trustees
Independent auditor's	report
Statement offinancial	activities
Balance sheet		12
Notes to the financial	statements	13

TRUSTEES
The trustees	who served during	the year were:
Chairman:		Mr S F M Lloyd BSc(Hons)				Est Man,	MRICS
Trustees:		Brigadier (Retd)		RJ Bacon,		MBA, Chartered		FCIPD, FCMI, CMILT
		Mrs CJ Duckworth			MA (Hons)
		Mr N J Gregory,		BA, Med
		Mr A RTaylor	MA (Cantab)			(appointed	21 August 2023)
		Mr T P Wood,	BA (Hons), FCA (retired 4 August 2023)
Secretary:		Mr A RTaylor	MA (Cantab)			(appointed	21 August 2023)
		Mr T P Wood,	BA (Hons), FCA (retired 4 August 2023)
Principal address:		Finance Department
		Regent Street
		Stonehouse
		Gloucestershire
		GL10 2AD
Registered	Charity Number:	1078286
ADVISERS
Bankers		Lloyds Bank Commercial
		Barnwood 1
		Barnett Way
		Gloucester
		GL4 3RL
Solicitors		Harrison Clark	Rickerbys
		Ellenborough	House
		Wellington Street
		Cheltenham
		Gloucesters hire
		GL50 1YD
Auditors		Hazlewoods
		Staverton Court
		Staverton
		Cheltenham
		Glos
		GL51 OUX
Investment	managers	Paradigm Norton		Financial		Planning	Ltd
		Paradigm House
		Macrae Road,	Ham		Green
		Bristol
		BS20ODD

		Note	Unrestricted	Restricted	Total	Total
			Funds	Funds	2023	2022
			2023	2023		f.
			E
Income and endowments
from:
Voluntary sources
Donations and
legacies			3,001	1,060	4,061	110,637
Investments			12,905	21,467	34,372	19,318
Total income and
endowments			15,906	22,527	38,433	129,955
Expenditure on:
Raising funds			(4,676)	(7,755)	(12,431)	(12,616)
Charitable activities			(53,055)	(75,525)	(128,580)	(72,566)
Total expenditure			(57,731)	(83,280)	(141,011)	(85,182)
Net Incoming funds from
operations before
investment gains			(41,825)	(60,753)	(102,578)	44,773
Net (losses)/gains on
Investment assets			(7,402)	(12,314)	(19,716)	(71,804)
Net (expenditure)/income			(49,227)	(73,067)	(122,294)	(27,031)
Transfers between	funds	11
Net movements in	funds		(49,227)	(73,067)	(122,294)	(27,031)
Reconciliation offunds
Total funds brought	forward		685,228	1,249,254	1,934,482	1,961,513
Total funds carried
forward			636,001	1,176,187	1,812,188	1,934,482

					2023	2022
				Notes	F
FIXEDASSETS
Investments					1,910,332	1,908,251
CURRENT	ASSETS
Cash at bank and		in	hand		32,120	31,318
Creditors:	Amounts		falling due within one year		130,264	5,087
Net current assets					(98,144)	26,231
Net assets					1,812,188	1,934,482
				10
Funds
Unrestricted	funds			11	636,001	685,228
Restricted	funds			11	1,176,187	1,249,254
Endowed funds				11
					1,812,188	1,934,482
Total funds

4	Donations	and	legacies
					Unrestricted	Restricted	Endowed	Total
					2023	2023	2023	2023
	Donations				3,001	1,060		4,061
					Unrestricted	Restricted	Endowed	Total
					2022	2022	2022	2022
						f	f
	Donations				10,577	100,060		110,637
5	Expenditure
					Unrestricted	Restricted	Endowed	Total
					2023	2023	2023	2023
	Expenditure	on	raising funds:
	Investment	management		costs	4,676	7,755		12,431
	Expenditure	on	charitable	activities:
	Scholarships	and bursaries			51,255	75,525		126,780
	Governance	costs			1,800			1,800
	Total charitable		expenditure		53,055	75,525		128,580
	Total expenditure				57,731	83,280		141,011
					Unrestricted	Restricted	Endowed	Total
					2022	2022	2022	2022
						f	f
	Expenditure	on	raising funds:
	Investment	management		costs	4,650	7,966		12,616
	Expenditure	on	charitable	activities:
	Scholarships	and bursaries			50,851	18,715		69,566
	Governance	costs			3,000			3,000
	Total charitable		expenditure		53,851	18,715		72,566
	Total expenditure				58,501	26,681		85,182

Governa	nce costs rep	rese	nt th	e support costs ofthe charity an	d these can be summarised as fo	llows:
					2023	2022
Auditor's	remuneration	for	audit	services	1,800	3,000

			2023	2022
Market value at 1"September			1,868,392	1,866,572
Additions			63,485	1,417,582
Disposals			(42,481)	(1,343,958)
Realised	gains/(losses)	on disposals	1,212	9,821
Unrealised	gains/(losses)	on revaluation	(20,578)	(81,625)
Market value at31"August			1,870,030	1,868,392
Cash on deposit			40,302	39,859
			1,910,332	1,908,251

Creditor	s: am	oun	ts due	in one year
					2023f	2022
Amounts	owed	to	related	party	127,264	2,087
Accruals					3,000	3,000
					130,264	5,087

						Fund
			Current	Current		Balances
		Investments	Assets	Liabilitiesf	Transfers	2023
Unrestricted	funds	683,723	82,542	(130,264)		636,001
Restricted	funds	1,226,609	(50,422)			1,176,187
Endowment	funds
		1,910,332	32,120	(130,264)		1,812,188
						Fund
				Current	Current	Balances
			Investments	Assets	Liabilities	2022
Unrestricted	funds		728,981	(38,666)	(5,087)	685,228
Restricted	funds		590,243	69,984		1,249,254
Endowment	funds		589,027
			1,908,251	31,318	5,087	1,934,482

	Balance			Investment	Balance
	1 September	Incoming	Resources	Gains/	31August
	2022	Resources	Expended	(losses)	2023
Unrestricted funds
General Fund	134,282	3,921	(6,640)	(1,417)	130,147
Lewis Bequest	422,219	8,244	(42,046)	(4,642)	383,775
Trustees Discretionary Fund	128,726	3,741	(9,045)	(1,343)	122,079
Total unrestricted funds	685,228	15,906	(57,731)	(7,402)	636,001
Restricted funds
General Endowment Fund	61,266	145	(52)	(84)	61,275
Loosley Endowment Fund	276,510	1,744	(630)	(1,000)	276,624
Pearson Bursary Fund	95,600	71	(7,176)	(41)	88,454
Ward's Scholarship Fund	140,410	2,650	(2,277)	(1,234)	139,549
J H Edwards Bequest Fund	63,293	702	(12,253)	(403)	51,339
Sibly Scholarship Fund	77,740	781	(282)	(448)	77,791
Wilson Scholarship Fund	36,967	498	(180)	(286)	36,999
Selwyn Bursary Fund	72,010	2,856	(3,531)	(1,638)	69,697
Bursaries Fund	103,434	3,836	(1,386)	(2,200)	103,684
Burnet Ward Bursary	70,097	2,814	(5,120)	(1,579)	66,212
Educational Grants fund	1,191	544	(16)	(25)	1,694
Honours Boards	1,057	39	(14)	(22)	1,060
Prep School Sports Pavilion	22,376	830	(300)	(476)	22,430
Miscellaneous Funds	3,022	112	(40)	(64)	3,030
Hardship Fund	1,467	54	(20)	(31)	1,470
Nowak Family Fund	188,492	3,467	(46,503)	(1,989)	143,467
Keith Paget Fund	34,322	1,384	(3,500)	(794)	31,412
Total restricted funds	1,249,254	22,527	(83,280)	(12,314)	1,176,187
Endowment funds
General Endowment Fund
Loosley Endowment Fund
Pearson Bursary Fund
Ward's Scholarship Fund
J H Edwards Bequest Fund
Sibly Scholarship Fund
Wilson Scholarship Fund
Total endowment funds
Total funds	1,934,482	38,433	~141,011	19,716	1,812,188

	Balance
	1				Investment	Balance
	September	Incoming	Resources		Gains/	31 August
	2021	Resources	Expended	Transfers	(losses)	2022
Unrestricted funds
General Fund	144,214	4,512	(9,164)		(5,279)	134,282
Lewis Bequest	472,373	7,586	(40,448)		(17,292)	422,219
Trustees Discretionary Fund	136,723	5,897	(8,889)		(5,005)	128,726
Total unrestricted funds	753,310	17,995	~58,501		27,576	685,228
Restricted funds
General Endowment Fund	4,198	81	(54)	57,341	(300)	61,266
Loosley Endowment Fund	50,292	967	(647)	229,491	(3,592)	276,510
Pearson Bursary Fund	2,057	40	(26)	93,677	(147)	95,600
Ward's Scholarship Fund	62,654	1,192	(2,298)	83,922	(4,430)	140,410
J H Edwards Bequest Fund	20,248	389	(260)	44,363	(1,446)	63,293
Sibly Scholarship Fund	22,504	433	(290)	56,700	(1,607)	77,740
Wilson Scholarship Fund	14,369	276	(185)	23,533	(1,026)	36,967
Selwyn Bursary Fund	82,370	1,583	(6,060)		(5,884)	72,010
Bursaries Fund	110,634	2,126	(1,423)		(7,903)	103,434
Burnet Ward Bursary	79,420	1,586	(5,237)		(5,673)	70,097
Educational Grants fund	1,274	24	(16)		(91)	1,191
Honours Boards	1,131	22	(15)		(81)	1,057
Prep School Sports Pavilion	23,934	460	(308)		(1,710)	22,376
Miscellaneous Funds	3,232	62	(42)		(231)	3,022
Hardship Fund	1,569	30	(20)		(112)	1,467
Nowak Family Fund	100,000	101,922	(6,286)		(7,143)	188,492
Keith Paget Fund	39,920	767	(3,514)		(2,852)	34,322
Total restricted funds	619,176	111,960	~26,681	589,027	44,228	1,249,254
Endowment funds
General Endowment Fund	57,341			(57,341)
Loosley Endowment Fund	229,491			(229,491)
Pearson Bursary Fund	93,677			(93,677)
Ward's Scholarship Fund	83,922			(83,922)
J H Edwards Bequest Fund	44,363			(44,363)
Sibly Scholarship Fund	56,700			(56,700)
Wilson Scholarship Fund	23,533			(23,533)
Total endowment funds	589,027			589,027)
Total funds	1,961,513	129,955	~85,182		71,804	1,934,482