THE WULFRIS EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FINANCIAL STATEMENTS
For the Year Ended 31st March 2024
CHARITY NO: 1079137

THE WULFRIS EDUCATIONAL FOUIIDATION
coNrKNTS
Page
Report of the trustees
Report of the alldltors
Statement of fInancial activities
Balance sheet
Notes forming part of the financial statements
10-13
Detailed statement of financlal actlvltles
14
Page.. I

THE WULFRIS EDUCATIONAL FOUNDATION
ort of the trustees for the
ear ellded 31st March 2024
The trustee8 present tlleir report and fll]an¢ial statements of the charity for the year ended 31st March 2024. The
finallcial statements have been prepared in a¢¢ordan¢e with the &¢counting policies set out on page8 10 and I l and
Comply with the charity's trust deed aud appli¢able law.
Reference and administrative details
Trustees
R Harris . ChairnMn
A J AsId￿M
Ms C Cunio
Ms L Forster
Mrs IC Vowles
Councillor D Paffey (resigned 31.05.23)
CounLillor A Winning (appointed 01.06.23)
CbarityNo
1079137
Clerk to the trustees
N J LapageA.C.A.
Prillcip￿ office
Ashton House
12 The Precinct
Winchester Road
ChandleTS Ford
Eastleigh SO53 2GB
Accountallts
Secretarial Law Ltd
Ashton House
12 The Precinct
Winchester Road
Chandlers Ford
Eastleigh S053 2GB
Auditors
SKS Westlake Clark Audit
7 Lynwood Court
Priestlands Place
Lymington S0419GA
Banker5
Lloyds BaT]k plc
Above Bar Street
Southampton SOI 4 7DT
Solicitors
Abels
6 College Place
tA)ndon Road
s[￿thaMptOn SOI 5 2XL
Investment managers
Rathbones
Fiennes House
32 Southgate Street
Winchester S023 9EH
Page: 2

THE WULFRIS EDUCATIONAL FOUNDATION
ort of the trustees for the
ear ended 31st March 2024
contlnued
Ob'ectives and activities
The c]wity has its origin under the Will of Katherine Wulfris, dated 13th September 1665. devising to the Churchwardens of
Holyrood (tho Parish wherein she was born) the yearly rent of an DTcILard (now part of Brunswick Place, Southampton)
ajnounting to 40 8hilling8 per annum and all improvement8 arising therefrom "for the clothing and placing out of one poor
rnaid of the same or any other parish within the town to some apprenticeship or service, at tbe appointment of the
Churchwardens of Holyrood"
The regulations under which the charity now operates are set outby a Scheme nwle by the Mini8teT of Education under Section
18 of the Clwities Act 1960 and dated 9thNovember 1961. The Main activity of the ch￿lty is the provi8ion of school unifornis,
school clothing artd equipment for ohildren in need Ut￿tr the age of 25 resident within the City of sOutha￿pi0n.
The trustee8 give due regard to guidance publish¢d by the Charity Comtni88Lon on public b¢n¢fit, All the activities of the
Cbarity are for public benefit.
Structure
overnallce and mana
ement
The Wulfris Educational Foundation is 8n unincorporated associatiort registered with the Charity Commission,
Tbe trustees nameci on page 2 have served throughout the year or the period shown.
The appoititrllent of tft￿tee9 is governed by the regulations of the charity. Trustee8 ar¢ appointed witkn great care and have &
wide variety of knowledge and experience. This knowledge and experience 18 fully comprehettsive and meets the objfxtives
and requirements of the cknty. It is not anticipated that extra tszining will be necessary.
Meeting8 of the tThstee8 are held regularly to approve grants.
Day to day management of the charity has been delegated by the trnstees to tbe Clerk to the Trustees.
Achievements and erforLuance
During the year under review 400 (2023.. 361) children were as8lSted, wbich matches in full the objectives of the charity. Since
tkn Ye￿ end there has been an increase in grant applications.
Financial revie
The Incon￿ for the year from inVest￿ellt property ainounted to £33,719 as Compared with £32,500 in 2023, an incre&se of
£1,219.
Grants total]ing £32,777 as cotnpared with £23,31 l ill 2023 were made from available income of £27,790, with the balance of
(£4.987) being transferred froftn accutllulated fimds.
PIAns for future
eriodg
As the charity's incollie is derived Mainly fronl property and fund8 invested, supplemented by OGGasional grants from ¢haTltable
tNsts, and there are no fundraising activities the trustees are aware that income ￿aY fall, in which case grants would to
be reduced accordillgly.
The charity wotsll however, continue to ll￿ke grants for the benefit of the pubiic.
Investm¢nt olic
The policy of the trustees is to invest to provide a balanced return from income and capital at medium risk.
Reserves
oli
The trustoe's policy on reserves is tbat they regard the income fimd balance of £121,906 as available for distribution in whole
or in part and the capxtal fund balance of £735,129 as distributable only in exceptional circumstances.
Page: 3

THE WULFRIS EDUCATIONAL FOUNDATION
Re
ort of the trustees for the
ear ended 31st March 2024
continued
Risk maua
emellt
The twstees have examined the potential risks wljioh the charity face8 and Gonfirni that rn¢asure8 to manage these risks have
been put in pla¢e.
Trnstees, res
onsibilities
The ttustees are responsÈble for preparing the Trustees, Annual Report and the fu￿nCial statements in accordance with Ipplicable
law and United Kingdom Accounting Standards (Unit¢d Kingdom Generally Aoo¢pted Accoulltmg Practice),
Law applicable to charities iti England and Wales requires the trnstees lo prepare fillancial statements for e&ch flnancial year
which give a and fair view of the Charity's financial activities during the year and of the incoming resources and appliGation
of resources of the cbarity for that period. In preparing those financial statement8 the ttvst¢e8 are required to..
a) select suitable accounting policieg and apply them consistendy.
b) observe the methods alld principles in the Charities SORP;
c) make judgements and estimates that are reasonable and pruden(
d) state whetlLer applicable accounting standards have been followed, subject to ally departures disclosed and explained in
the financial statements,
e) prepare the finanGial statenlents on a going concern basi8 unles8 It is inappropriate to pre8Utne that the charity will
continue in operdtion.
The trn8t¢e8 are responsible for keeping accounting records which disclose with reasonable accuracy at any time the fwancial
position of the charity alld en&ble them to ensure th&t the f]nancial statements comply with the Clwities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the tNst deed. They are also responsible for safeguarding the
ass¢ts of the Charity and hence for taking reasonable Steps for the prevention and detection of fraud and otlw irregularities.
Statemellt of the trustees
The trn8t¢es Confm that so far as they are aware, there is no relevant audit inforrnation (inforn￿tioll needed by the charity's
auditors in cornection with preparing their report) of which the charity's auditors are unaware.
The trustees al80 ¢onfmn that each trustee has taken all the 8teps that he ought to have taken as a trnstee in order to make hitnself
ware of any relevant audit iJfornLation and to establish that the Charity's au(tstors are aware of that infonnation.
Approved by the t￿stee5 on 1214 è¢'tember 2024 and signed on their behalf:
R HARRIS
Chairman
Page: 4

THE WULFRIS EDUCAI'IONAL FOUNDATION
Inde
endent Auditor's Re
ort to the Trustees of The Wulfris Educational Foundation
Opinion
We have audited the financial statements of The Wulfris Educational Foundation (the 'oharity') for the year ended
31st March 2024 which comprise the Statement of Financial Aotivities for the year ended 31st March 2024, the Balance Sheet as
at 31st March 2024 and notes to the financial Statements, including a summary of signific&nt accounting policies. The fmanGial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards,
including Financial Reporting Standard 102 The Financwl Repor¢ing Standard applicable in the UK and Republic of Irel(znd
(United Kingdom GeneralLy Accepted Accounting Practioe).
In our opinion the finaft¢ial 8tatetnents',
give a tLue md fair view of the state of the charity's affairs as at 31st March 2024, and of its incoming resources and
application of resources, for the year then ended.
have been properly prepared in aocoTdan¢e with Utlited Lingdom Generally Accepted Accounting PractiGe' and
hav¢ been prepared in accordance with the requiretnertts of the Chariti¢s Act 2011.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS IUK)) and appli¢able law. Our
responsibilitie8 undcrthose standards are fjjrther de8¢ribed in the Au(tstor's responsibilities forthe audit of the fllwicial statements
Seotion of our report. We are independent of the charity in accordance with the ethical requirements thilt are relevant to our audit
of the f￿￿n¢la1 statsments in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities
in accordance with these requirements. We believe that the audit evidenGe we have obt&ined is sufficient and appropriate to
provide a basis for our opitiion.
Conclusions relatillg to going concern
We have nothing to report itt respect of the following matters in relatioll to which the ISA8 (UK) require us to report to you where:
the tLUStee8' use of the going concern basis of accounting in tbe preparation of the fmancial statement8 is not appropriate,. or
the trustees have not disclosed in the fthanGial statements any identified material i￿certaIntIeS that may cast signtficant doubt
about the clwity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months
from the date when the finaucial statements are authDri8ed for issue.
Other information
The tnT8tees are tYspon8tble for the other inf0m￿ti0ll. The other in£omiation COmPTise5 the inforniation included in the Report of
the Tn￿te¢s, other than the financial statements and our auditor's report thereoTh Our opinion on the financial Statements doe8
not cover the other inforniation and, except to the extsnt otherwise explicitly stated in our report, we do not express any fonn of
assurance oonclusioll thereon.
Itt connection with our audit of the financial statellLent8, our responsibility is to read the other inforniation and, in doing so,
consider whether the other inforn)ation 18 materially inconsistent with the financidl stPAtements or our knowledge obtained in the
audit or otherwise appears to be m&terially misstated. If we identify 8UGh mat¢rial inconsistencies or appar¢nt tnaterial
misstatements, we are required to det¢rniine whether there 18 a nmterial misstatement in tbe fwancial statements or a material
misstatetnent of the other inforniation, If, ba8¢d on the workwe have perfornied, we conclude th&t there is & rnaterial misstatem¢nt
of tbis other iJAformation, we are r¢qiured to report that fact.
We have nothing to report in this regard,
Page.. 5

THE WULFRIS EDUCATIONAL FOUNDATION
Inde
endent Auditor's Re
ort to the Trllstees of The Wulfrls Educational Foundatioll
Continued
Matters on which we are required to report by exceptlon
We bavo notlllng to report in rospe¢t of the following nmtters in relation to wbioh the CILarities (Accounts and Report8)
Regulations 2008 r¢quire us to report to you if, in our opinion:
the inforniation given in the f￿￿nciaL statements is in¢on8lStent in any material respect with the trustees, report. or
sufficient accountillg records h&ve not been kept. or
tbe financial statemellts are not in agreement with the acGounting records. or
we have not received all the infonllatiott atth explanations we require for Dur 8udit,
Responslblllties of trustees
AS explained more fully in thetrustees, responsibilities Statement set out onpage 4, the trustee8 arc responsible for the preparation
O'F financial statements which give & trlle and fair view, and for such ittternal ¢ontrol a8 the trustees determine is necessary to
¢nable the prepardtion of f￿anCIal statements that are free from material Llli88tateftnent, whether due to fr&ud or error.
Ill preparing the f￿anGI￿[ statements, the trustees are responsible for assessing the cl]aTity's ability to continue a8 a going collce
di8cIo8ing> as applicable, matters related to going concern and using the goitig concern basi8 of accounting unless the trustses
either intend to liquidate the charity or to cease operations, or have no realxgtic alternative but to do so.
AudAtor's responsibilities for the audlt of the fin&n¢ial statements
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with regulations made
under section 154 of that A¢t.
Our objectives are to obtain rea80nable a88urance about whether the financial statements as a whole are free from material
tnisgtatetnent, whether due to fraud or error, and to issue an auditor's report that includes our opityioll. Reasonabl¢ assurance is a
higb level of assurance, but 18 not a guarantee that an audit conducted ill accordance with ISAS (l￿) will always det¢¢t a tnaterial
tnisgtatement when it exi8t8. Misstatements can arise from fraud or eTror and are considered D￿terIal if, individually or in the
aggregate. they could reasonably be expected to influen¢e the econo￿lr decisions of usets taken on the basis of tbese f￿￿1claI
Statements.
Irregularitie8, including fraud, are in8tances of non-complian¢¢ with laws and Tegulations. We design procedures in line with our
responsibllities, outlined above, to deteGt material misststements in respect of irregularities, including fraud. The extent to wbich
our procedures ¢apable of detecting i￿egularitieS, including fraud is detailed below,
Our approach to identifying and assessing the risks of material misstaternent in r¢sp¢ot of inrgularities, including fraud and non-
compliance with laws and regulations, wa8 as follows..
the engagement partner ensured th&t the engagement team collectively had the appropriate competence, Gapabilittes and
skills to idelltify or r¢oognise non-con]pliance with applicable laws and regulations.
we iderttified the laws and regulation8 applicable to the ¢harity through dis¢ussions with the trnstees and from our
understanding and experience of audit R8sue8 which are relevaat to charity,.
we focused on spe¢ifi¢ laws and regulations which we considered may have a direct material effect on the financial
statements or the operations of the charity.
we assessed the extent of compliallce with the laws and regulations througb nwking ellquiries of the management team and
inspecting legal correspondence. and.
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances
of non-compliance throu£bout the audit.
We assessed the susceptibility of tILe C1￿'1ty'8 fu￿1ClaI statements to nwterial mAs8tatemenL including obtaining art
understanding of how fraud might occur, by:
Page: 6

THE WULFRIS EDUCATIONAL FOUNDATION
Illde
endent Auditor's Re
ort to the Trustees of The Wulfris Educational Foundation
Continued
Audit prr)cedures undertaken in response to the PDtential risks relating to inrgularities (which include fraud and non-compliarnce
with laws and regulations) which Comprised inquiries of management and the Board of Trnstees as Éci whether the entity conLplie8
with such laws and regulations" enquiries with the same concerning any ac￿al or potential litigation or claith8' inspection of
relevant legal correspondence; review meeting minutes,. testing the approprialeness of journal entries; and dle perfomiance of
analytical Teview to identify unexpected movements in account balances which may be indicative of fraud, documentation and
revicw of the intemal controls over funds re¢eiv¢d and ¢xpendillLr¢ paid out., sampliog and testlllg both illCOttLe and expendiLure
transaction8 for accuracy and completene85' review and audit based allaly8is of the underlying accounting records. oheclcing and
sampling a¢¢ounting data back to original source doGun]ent8,
No instances of mAterial llon-¢omplian¢e were identified. However, the lilcelibood of detecting irregularities, includillg frau(L is
limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, tin]ing and
extent of the audit procedures perfornied. ]￿egUlaritIeS that result from fraud might be inherently more difficult to detect ￿all
irregularities that result from ￿TOr. As explained above, there is an unavoidllble ri8k that material misstatements may not be
d¢t¢¢ted, even though tho audit has been planned and perfornied in aGGord8nGe with ISA8 (UK),
A further des¢ription of our responsibilities 18 located on the Financial Reporting Council's website at:
http8.'//www.fro,org.uldauditorsre8ponsibilitie8. This desGription fom18 part of our auditor's Teport.
Use of our report
This report 18 ll￿de solely to the oharity's trustees, as a body, in accordance with Part 4 of tbe Charities (AGGount8 and Reports)
R¢gulatiotL8 2008. Our audit work Iw been undertaken so that we might state to the charity's trustees those fftatt¢rs we are
required to stats to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not ac¢ept
or assume re8pon8ibility to anyone other than the charity and the charity's trustees as a body, for our audit worL for this report,
or for the opinions we have forn]ed.
Mogallarden Pillay Chelvanaigum
For alld behalf of
SKS Westlake Clark Audlt
Chartered Accountants and Statutory Auditors
7 Lynwood Court
Priestlands Place
Lymingtoll
S0419GA
Date:
Iio
Westlake Clark is eligible to act as an auditor in terns of section 1212 of the Companies Act 2006.
Page: 7

THE WULFRIS EDUCATIONAL FOUNDATION
Statement of Financial Activities for the
ear ended 31st March 2024
2024
Unrestricted fi unds
Income
2023
Total
Fund8
Note
Capital
Total
Incojne and Endowments from:
Investments
Grants receivable
43,109
43,109
42,540
Total fftcome
Expellditure on:
Raising fl￿a8
Charitable aotivitie8
2.838) (
2,414) {
45 682)
5,252) (
3,440)
Total expenditure
2.838) ( 48,096
50 934) ( 38 611}
Revaluation loss on investment property
Net gaiJJl(loss) Oll investments
9,375}
24 884 { 27 067}
24,884
Net movement in fullds
22,046
4,987)
17,059
7.513}
Reconclllal'ion of fun(ts
Total funds brought forward
713,083
126,893
839.976
847,489
Total funds earrled forward
735,129
121,906
857,035
839.976
All activities are classed as continuing.
Page.. 8

THE WULFRIS EDUCATIONAL FOUNDATION
Balance Sheet as at 31st March 2024
2024
2023
Notes
Fixed assets
Investrnent property
Investments
406,250
361,503
406,250
333,281
767,753
739531
Current assets
Debtor8
Cash at bank
3,947
107,331
2,570
115338
111,278
117,908
Curr¢nt liabilities:
Creditors
Net current Assets
89,282
100,445
io
Total net assets
857,035
839,976
Funds
Unrestricted ¢apital
Unrestiicted income
li
11
735,129
121,906
713,083
126,893
857,035
839,976
Thes¢ finanoial statements were approved by the trusteeg and authorised for issue.
Approved by ihe trustees Dn 12tk knmber 2024 and signed on their behalf:
R HARRIS
Chairman
Page.. 9

THE WULFRIS LDUCATIONAL FOUNDATION
Notes formin
art of the financial statemellts for the
ear ended 31st Mareh 2024
Summary of sigllificant accounting policie8
(Yd) General Imformatlon and bas18 of preparation
Tbe Wulfris Educational Foundation 18 an utiincorporated charity ill England. The addre88 of the registered office
is given in the ¢harity infornlatioll on page 2 of these financial statsments. The nature of the charity'8 operatiolls
and ￿￿nCipal activities are giv¢n on page 3.
Tbe charÉty constitutes & public benefit entity as defllLed by FRS 102. The financial statsments have been prepared
in accordance with Accounting and Reporting by CIMrities'. Statement of Recommended Practice applicable to
Gharities preparing their aocoullts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) {effective l January 2019) - (Charities SORP (FRS 102)), the FitWA¢ial Reportillg
SLandard applicable in the UK alld Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements are prepared Dn a going concern basis under the historical ¢08t convention, modAfied to
irtclude eettaiti items at fair value. The finallcial statenlents are presented in gterling which is the fimctional
currency of the clwity and rounded to the ttearest £1.
The significant accounting policies applied in the preparation of these financial statements are 8et out below. These
policies have been con8lStently applied to all years presented unless othenvise stated.
(b) Income recognition
All incorning resources are included in the Statement of Financial Activities (SOFA) when the Ch￿'Ity is legally
entitled to the incotlle after any performallce Gollditions have been met, the amount can be Measured reliably and
it is probable that the income will be received.
For donations to be recognised the charitywill have beell notified of the amount8 and tbe Settlement date in writing.
If there are conditions attached to the donalion and this requiTe8 a level of perfornMnce before entitlement can be
obtained then income is defe￿ed until those conditions are fully n]et or the fillfilment of those conditions is within
the Gontrol of the Gharity it is probable that they will be fulfilled.
InVest￿ent income is earned through holding assets for investment puryTroses such as shares and property. It
includes dividends, interest and renL Interest inGome is recogniscd u8ing the effective interest method and dividetld
alld rent income is reGognised as the Gharity's tight to reccive payment is established.
(c) Resources expended
Expelldiknre, in¢luding grants, is included on accruals basis.
Raising fulld8 conlprise those costs directly attributable to mjnaging tbe investment portfolio and include8
irrecoverable VAT.
GovernanGe CQLnprises Costs for the running of the charity itself as an organisation and illcludes irrecoverable VAT.
(d) Fixed asset investment property
The investment propety 2, 4 and 6 London Roal Southan)pton was passed to the Charity under the tenns of thc
Will of I(atherine Wulfris in 1665 and a8 a result no original Cost was recordcd. The t￿St888 have collsidered &
professioual valuation of the Property and are of the opinion that the costs would be prohibitiv8 when set again51
any perceived benefit. It is stated at the trustees, estimate of fair value.
(e) Fixed asset investments
Investments are included at Closing n]id-mark¢t value at the balan¢e sheet date. Any gain or1085 on revaluation is
taken to the Statement o£Finaucial Activities.
(0 Investments
All inve8trnents are held primarAly for an investment retunL
(g) Funds structure
Th¢ capital fund represents the accumulated value of the inveslJnents at cost plus their revaluation to n￿ket value
and gains and Ios8es on disposal less investhient tnanagement fee8.
The inco￿¢ fund represent8 the accunLulat¢d income from investments leys grnnts m&de governance c08ts.
Unrestri¢t¢d fLmds are available for use at the discretion of the truste¢8 in fiwtherance of the general objectives of
the Charity and which have not been de8ignated for ot]￿ purp08es.
Page: 10

THE WULFRIS EDUCATIONAL FOUNDATION
Notes formin
art of the fmancial statements for the
ear ended 31st March 2024
Summary of significant accoulltillg policies (continued)
(h) Debtors
Trade and other debtors are re¢ogni8od at the gettlement anwunt due after any trade discount offered. Prepayments
are valued at the amount prepaid after taking account of any trade discounts due.
(l) Credltors and proTrlslon$
Creditor8 and provisions ar¢ recogni8ed where the cbarity has a present obligation resulting frotn a past event that
will probably result in tbe tI￿Sfer of fLmd8 to a third paty and the amount due to settle the obligation call be
measured or estimated reliably. Creditors and provisions are nornially recognised at their settlement amount after
allowillg for any trade di8coiints due.
(i) Fillanclal lllstruments
The trust only bas financial assets and fAth￿cial liabÉlitie8 of a kind that qualify as ba81¢ financial in8twment8.
Bagic fiwdnoial instmments are initially Tecognised at transaotion value and 5ubsequeDtly measured at their
settlement value with the exception of bank loan8 whiGh are sub8equently mea8ured at the Carrying value plus
accrned interest less repayments. The fmancing charge to expenditure is at a C0ft8tanÉ rate calculated using the
effective interest method.
O() Judgements In applying accounting policies 3nd Iiey sourcey of estimation uncertainty
E8tirnates and judgeLnents are continually evaluated and are based on historical experience and other factors,
including expeGtation8 of ￿tUre events that are believed to be re&sonablc ullder the cirGum8tances. Although these
e8timates are management's bestknowledge of the amount, eveTht8 or action5, actual amounts ultimately may differ
from those gstimatgs,
2024
2023
Investment income
Rellts re¢exvable
Dividends- equities
Interest- fixed interest securities
33,719
8.220
1.170
32,500
10,009
31
42,540
Expenditure on raisillg funds
Stock market Investments:
Inv88tm8nt Inanage￿¢llt fees
Property costs:
In8urance
ProfessioJMI fees
VAT paid
2,838
2,728
1,514
750
150
158)
725
145
Expenditure on charitable activities
Grants paRd and authorised:
Grants under £1,000 benefitting 400 (2023: 361) children..
Governance and support Costs
32,777
12,905
23,311
11.860
There is only one clLaTitable activity, being the payments of grants for tILe provision of school clothing and equipment
for childrell in need.
Governance and support COSt8
Audit fee
Accountancy & administration
Tmstees indemnity insurance
Postagelmileage
VAT paid
1,326
9,274
296
33
1,285
8,306
296
119
12,905
Page- I I

THE WULFRIS EDUCATIONAL FOUNDATION
Notss formin
art of the fillancial statements for the
ear ended 31st March 2024
Trustees remuneration
The trustees received no remuneration {2023'. £Nil} and were not reimbursed for any expen8es itt the year (2023.. £Nil).
Mr N J Lap&ge was paid £750 (2023: £300) for bookkeeping and administration serrices.
Investment property
Investment property.. 2, 4 & 6 London Road, Southampton
Valuation at 1st April 2023
Revaluation IDSS
2024
2023
406,250
415,625
9,375)
Valuation at 318t March 2024
406,250
406 250
The investment proporty has been valued by the trustees at fair value for existing use.
Fixed asset i]Jvestments - Ilsted illvestm¢nts
Market value at 1st April 2023
Acqui8Ltions at cost and ¢DSt adjustment
Proceeds from disposals
Gains/(losses) in the y¢ar
333,281
61,506
58,168)
24,884
366,355
16,881
22,888)
27 067)
361,503
333 281
Investtnents at market value comprised..-
UK equities
Overseas equities
341,321
304,494
Markel value at 318t March 2024
361,503
333 281
All inve8trnettts are carried at their market value. Tnvestments in equities are all traded in quoted public n]arket8,
primarily the Lolldon Stock Exchange. Holdings in common illve8tment fiu]ds, unit trnsts and open-ended investment
companies are at tbe bid price. Asset sales and purchases ar¢ recognised at the date of trade at C05t (that is their
transaction value).
Debtors
Prepayments and aGcMed income
3,947
2,570
Credltors
Other ¢reditor8
Grants approv¢d but not paid
A¢crua18 and deferred tnGome
30
2,711
14,722
6,214
17,463
Page: 12

THE WULFRIS EDUCATIONAL FOUNDATION
Notes formin
art of the financlAI statements for the
ear ended 31st March 2024
10 Analysis of totPdl net assets by fund
Unrestrieted
capital
Unrestrleted
income
Total
Fixed assets- investment property
investnLents
Net cwr¢nt a58et5
406,250
361,503
32,624)
406,250
361,503
121,906
735 129
121906
857 035
Outllne summary of fund movemellts
Unrestrlcted Unrestrieted
capltal
intome
Total
Fund balances brought forward
Incomillg regources
Outgoing re80uroe8
Gain8 and losses
713,083
126,893
43,109
48,096) (
839,976
43,109
50,934)
2,838) (
Fund balances carried forward
735,129
121,906
857,035
The oapital fLthd represents the accurllulated value of the investtnents at cost plus their revaluvAtion to market value and
gains and losses on disposal less investment management fees. The capital fund 18 only distributable in exGeptiollal
oiroumsttmces.
The income find represents th¢ accumulated income from investments les8 grant8 made and governance costs. The
in¢ome fi]nd is available ftjr distribution in whole or in part.
12
Related parties
There were no related paty transactions in the year.
13
Ultimat¢ controlling party
The Gbarity is controlled by the tru8tee8.
Page: 13