THE WULFRIS EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
AND
FINANCIAL STATEMENTS
For the Year Ended 31st March 2025
CHARITY NO: 1079137

THE WULFRIS EDUCATIONAL FOUNDATION
CONTENTS
Page
Report of the trustees
Report of the auditors
Statement of financial activities
Balance sheet
Notes forming part of the financial statements
10-13
Detailed statement of financial activities
14
Page: I

THE WULFIUS EDUCATIONAL FOUNDATION
ort of the trustees for the
ear ended 31st March 2025
The trustees present their report and fmancial statements of the charity for the year ended 3 1st March 2025. The
financial statements have been prepared in a¢¢ordan¢e with the accounting policies set out on pages 10 and I l and
comply with the charity's tnkst deed and applicable law.
Reference and administrative details
Trustees
R Harris - Chairnian
A J Askham
Ms C Cunio
Ms L Forster (resigned 17.07.25)
Mrs K Vowles
Councillor A Winning (resÉgned 17.07.25)
Mr P Pathak (appointed 22.10.24 iesigned 14.09.25)
Mr C Scoggins (appointed I1.03.25)
Mrs A J Leggett (appointed 17.07.25)
Councillor Mrs A Barnes-Andrews (appointed 17.07.25)
Charity No
1079137
Clerk to the trustees
N J Lapage A.C.A.
Principal office
Ashton House
12 The Precinct
Winchester Road
Chandlers Ford
Eastleigh S053 2GB
Until 31.07.2025
4 Oxford Mews
Latimer Street
Southampton
S014 3EE
From 01.08.2025
Accountants
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
Bankers
Lloyds Bank plc
Above Bar Street
Southampton S014 7DT
Solicitors
Abels
6 College Place
London Road
Southampton S015 2XL
Investment managers
Rathbones
Wykeham Court
Victoria Road
Winchester S023 7RG
Page= 2

THE WULFRIS EDuCATIo￿,AL FOUNDATION
ort of the trustees for the
ear ended 31st March 2025
continued
Ob'ectives and activities
The charity has its origin under the Will of Katherine Wulfris, dated 13th September 1665, devising to tbe Chur¢hwardens of
Holyrood (the Parish wherein she was born) the yearly rent of an orchard (now part of Brunswkck Place, Southainpion)
amounting to 40 shillings per annum and all improvements arising therefrom "for the clotliing and placing out of one poor
maid of the same or any otber parish within the town to some apprenticeship or service. at the appointment of the
Churchwardens of Holyrood"
The regulations under which the charity now operates are set out by a Scheme made by the Minister of Education under Section
18 of the Charities Act 1960 and dated 9th Nov¢mber 1961. The main activity of the charity is the provision of school uniforms.
school clothing and equipment for children in need under the age of 25 resident within the City of Southampton.
The trustees gÈve due regard to guidance published by the Charity Commission on public benefit. All the activities of the
charity are for public benefit.
Structure
overnance and mana
ement
The Wulfris Educational Found&lion is an unincorporated association registered with the Charity Cornmission.
The trustees named on page 2 have served throughout the year or the period shown.
The appointment of Inistees is governed by the regulations of the charity- Trustees are appointed with great care and have a
wide variety of knowledge and experience. This knowledge and experience is fully comprehensive and meets the objectives
and requirements of the charity. It Is not anticipated thai extra training will be necessary.
MeetÈngs of the trustees are held regularly to approve grants.
Day to day rnanagement of the charity has been delegated by the trnstees to the Clerk to the Trustees.
Ashton House has closed since the year end and the principal office relocated as stated on page 2.
Achievements and
erformance
During the year under review 467 (2024: 400) children were assisted, which matches in full the objectives of the charity. Since
the year end there has been an increase in grant applications.
Financial review
The income for the year from investm¢nt propety amounted to £36,193 as compared with £33.719 in 2024. an increase of
£2,474.
Grants totalling £35,202 as compared with £32,777 ill 2024 were n]ade from available incom¢ of £25,933, with the balance of
(£9,269) being transferred from accumulated funds.
Plans for future
eriods
As the charity's income is derived mainly from propety and funds Invested. supplemented by occasional grallts from charitable
trusts, and tbere are no fundraising activities the tnlslees are aware that incom¢ may fall. in which case grants would need to
be reduced accordingly.
The charity would, however, continue to make grants for the benefit of the public.
Investment olie
Tbe policy of the trustees is to invest to provide a balanced return from income and capital at medium risk.
Reserves
olic
Tlie trustee's policy on reserves is th81 they regard the incorne fund balance of £112,637 as available for distribution in whole
or in part and tbe capital ￿nd balance of £744074 as distributable only in exceptional circumstances.
Page: 3

THE WULFRIS EDUCATIONAL FOUNDATION
ort of the trustees for the
ear ended 31st March 2025
continued
Risk mana
ement
The trnstees have examined the potential risks which the charity faces and confimi that measures to manage these risks have
been pill in plac¢.
Trustees, res
onsibilities
The tnistees are responsible for preparing the Trustee5' Annual Report the financial statements in ¢i¢cordance with applicable
law and United Kingdom Accounting Swidards (United Kingdom Generally Accepi¢d Accounting Praciicc).
Law applicable to charities in England and Wales ￿qUIte5 the trustees to pw financial slatements for cach financial year
which give a true and fair view of the charity's financial activitie5 during the year and of ihe incoming ￿SoUrCeS and appliLation
of rcsources of the charity for that p¢riod. In pr¢paring those finaDcia] statements th¢ trusiccs are rcquired lo:
a). select suitable accounting poliii¢s and apply th'eiii coiisistently.
b) observe the methods and principles in the Charities SORP.
c) make judgements and estimat¢s that a￿ reasonable and pnKlent'
d) state whether applicable accounting standards have been followed, subject to any departure5 disclosed and explained in
the financial statemenls.
e) prepare the flnancial statements on a going concern basis unless it is inappropriate to presume that the charity will
continue in operaiion.
Thc Iruslees are responsible for k¢¢ptng accounting records which disclos¢ with rcasonable accuracy at any time the financial
po%ition of the charity and enable them to ensure that the fLnancial statements comply with the Charities Act 201 I, the Charity
(Accounts and Reports) Regulations 2008 and Ihe provisions of the trust d¢¢d. They are also responsible for safegliarding the
assets of the charity and hence for taking reasonable steps for the prevention and del￿tIon of fraud and other irregularities.
Statement of the trustees
The trubtees Lonfim that so far as they aTe iiware: there is nu relevant iiudit information (inforniution needed by the charity'è+
auditors in conne¢lion with prcparing iheir report) of which the charity's audilors are Una￿are.
The trustees also confirni thal each trusiee has taken all the steps that lic ought to have taken as a Iruste¢ in order to mak¢ hims¢lf
aware of any relevant audit infomiation and to estsblish that the charity's auditors are aware of that information.
Approved by the trustees on
l3*43--)
2026 and signed on their behalf..
R HARRIS
Chairman
Page: 4

THE WULFRIS EDUCATIONAL FOUNDATIO
Inde
endent Auditor's Re
ort to the Trustees of The Wulfris Educational Foundation
Opinion
We haNe audited the financial statements of The Wulfris Educattonal Foundalion (th¢ "d)arity'} for the ytrdr ended
31 ¥t March 2025 which comprise the Statement ot"Financial Activities for the year ended 31 sl March 2025. the Balance Sheet as
at 31 si March 2025 and not¢s to the financial stal¢menls. including a summary of significanl accounling polici¢s. Th¢ financial
reporting framework that has been applied in their preparntion is applicable law and ljnited Kingdom AcLounting Stsndard&
including Financial R¢porling Siandard 102 The Financial Reporling Siandard applicable in ¢he UK and Republic of Ireland
(lJnited Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity'5 affairs as at 3 ISL March 2025, and of its incoming resources and
application of resources, for the year then ended.
hav¢ b¢en properly prepar¢d in ac¢ordan¢e with United Kingdom Generally Accepted Accounting Practice: and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance wilh Int¢mational Siandards on Audiling (UK) (ISAS (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditor"s responsibilities for the audit ofthe financial statements
section of our report. We are independent of th¢ charity in aecordanc¢ iviih lh¢ ethical r¢quirem¢nts thal ar¢ relevant lo our audit
of the financial statements in the UK. including the fRC's Ethical Standard. and we have fulfilled our other ethical responsibilities
An accordance with these requirements. W¢ klieve that the audit evidence we have obthincd is su￿1Clent and appropriate to
provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial s￿lement. w¢ have conclud¢d that the Iwslc¢s' use of the going concern basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have perfornjed. we have not identified any material uncertaintie5 relating to events or condition8 that.
individually or collcctivcly, may cast significant doubl on the charitable company's ability to continue as a going concern for a
period of at least twelv¢ months from when the financial staten]ents are auth0ri5ed for issue..
Our resTOTtsibilitie5 and the TC5ponsibilities of the trustees witb respect to going concem are described in the relevant sections of
this rcport
Other information
The trustees are responsible tor the other infomiation. The other inforniation comprises the iDforn)ation included in the Re￿)rt of
lh¢ Trust¢cs, oih¢r than Ihe financial statements and OUT auditor's report thereon. Our opinion on the financial statements does
not Lover the orher inforniation &XLept to the extent otherwise explicitly slated in our repotL we do not expre&s any fonn of
assurance conclusion thereon.
In connection with our audit of the financia] statements, our reswnsibility is lo r¢ad the other information and, tn doing so,
consider whether the other infonnation is materially inconsistent with the financial statements or our knowledge obtained in the
audit or otlienvise ap'pearb lo b'e 1]￿lenallY niisstat¢d. Ir we id¢nlAfy such malcrial iiicoiisistciicie5 OT app￿e1]I tiial¢ridl
misstatements. we are required to detern)ine whether there is a material misstatement in the fmancial 5tat¢ments or a materidl
misstat¢m¢nl of th¢ oth¢r infornialion. If: based on the work we have perfomied, we conclude that there is a material misstatement
of this other infomation, we are required 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 Trustees of The Wulfris Educational Foundation
Continued
Matters on Ivhich we are required to report by exception
We have nothing to r¢port in respect of the following matters in relation to which the Charities (Accounts and Reports)
Regulations 2008 require us to report to you if, in our opinion:
the tnfonnation given in the financial statements is inconsistent in any material respect with the trnstees, report. or
sufficient accounting records have not been kept- or
the fmancial statements are not in agreement with the accounting records. or
we h2ve not received all the infornialion and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responskbilities statement set out on page 4, the trustees are responskble for the preparation
of financial statements which give a true and fair view, and foi such internal control as the tNstees deterniine is necessary to
enable the preparation of fll)ancial statements that are free from material Tnisstatement, whether due to fraud or error.
In preparing the financial staternenls. the trustees are responsible for assessing the charity's ability to continue as a going concern,
disclosing, as applicable. matters related to going concem and ustng the going concern basis of accounting unless tbe tTUStee5
either intend to liquidate the charity or to ceas¢ operations. or have no realistic alIen￿tIVe but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as audttor under sectton 145 of the Charities Act 2011 and report in accordance with regulations made
under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free fron] tnaterial
misstal¢ment, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is 2
high level of assurance. but is not a guarantee that an audkl conducted in accordance with ISA5 (UK) will always detect a material
misstatement when it exists. Misstatem¢nts can arise from fraud or error and are considered material if, indkvidually or in the
aggregate, they could reasonably be ¢xp¢¢t¢d to influence the economic decisions of users taken on th¢ basis of these fmancial
ststements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our
r¢sponsibililies. outlined above, to detect material misstatemenls in respect of irregularities. including fraud. The extent to which
our procedures are capable of detecting irregularities. including fraud is detailed below.
Our approach to identifying and assessing the risks of material misststement in respect of irregularities, including fraud and non-
compliance with laws and regulations, was as follows:
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and
skills to identify or recognise non-compliance with applicable laws and regulations.
we identified the laws and regulations applicable to tbe charity througb disCU5SiOllS With the trllslees and from our
understanding and experience of audit issues which are relevant to charity.
we focused on specific laws and regulations which we considered may have a direct material effect on th¢ financial
statements or the operations of the Charity.
we assessed th¢ extent of ¢ompliAnce with th¢ laws and regulations through making enquiries of the management team and
inspecting legal cotTespolldence- and-
identified laws and regulations were communicated within the audit team regularly and the team remained alert to inslanc¢s
of non-complianc¢ throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an
understanding of how fraud might occur, by:
Page: 6

THE WULFRIS EDUCATIONAL FOUNDATION
Inde
endent Auditor's Re
ort to the Trustees of The Wulfris Educational Foundation
Continued
Audit procedures undertaken in response to the potential risks relating lo irregularities (which include fraud and non-compliance
with laws and regulations) which comprised inquiries of management and the Board of Truslees as to whether the entity complies
with such laws and regulations. enquiries with the same concerning any actual or potential litigation OT claims. inspection of
relevant legal correspondence- review meeting minutes. testing the appropriateness of journal entries. and the performance of
analytical review to identify unexpected movements in account balances whicb may be indicative of fraud- documentation and
revkew of the internal controls over funds received and expenditure paid out- saTnpling and testing both incom¢ and expenditure
transactions for accuracy and completeness. r¢vi¢w and audit based analysis of the underlying accounting records. checking and
sampltng accounting data back lo original source documents.
No instances of matertal non-compliance were identified. However. the likelihiM)d of detecting irregularities, including fraud, is
limited by the inherent difficllliy in detecting irregularities, the effectiveness of the entity's controls, and the narnre, timing and
extent of the audit procedures perfom]ed. Irregularities ihat result from fraud might be inherently more difriculi to detect than
irregularilies that result from error. As explained above. there is an unavoidable risk that material misstatements may not be
detected. even thougb the audit has b¢¢n planned and performed in accordance with ISAS (UK).
A further description of our responsibilities is located on the Financial Reporting Council's website at-
https.'l/www.fr¢.org.uklauditorsresponsibilktie5. This description fortns part of our auditor's report.
Use of our report
This report is made solely to the cbarity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports)
Regulations 2008. Our audit work has been undertaken so that w¢ might state to the charity's trust¢es those matters we are
required to slate to them in an auditor's report and for no other purpose. To the fullest extent pennitted by law, we do not accept
or assume r¢sponsibility to anyone other than the charity and the chartty's ts￿Stees as a body. for our audil worL for this report,
or for the opinions we have fornied.
Moganarden Chelvanaigum
For and on behalf of
SKS Westlake Clark Audit
Chartered Accountants and Statutory Auditors
7 Lynwood Court
Priestlands Place
Lymington
S0419GA
Date:
2026
Westlake Clark is eligible to act as an auditor in tern￿ of section 1212 of the Companies Act 2006.
Page.. 7

THE WULFRIS EDUCATIONAL FOUISDATION
Statement of Financial Activities for the
ear ended 31st March 2025
2025
Ullrestricted Funds
Income
2024
Total
Funds
Note
Capital
Total
Income and Endoivments from:
Investmenls
Grants receivable
45,978
45,978
43,109
Total income
45,978
45,978
43,109
Expenditure on:
Raising funds
Charitable activities
2,957 ) (
2,298) (
5.255) {
52.949) ( 52.919)
5,252)
45,682)
Total expendityr¢
2.957)
55,247} ( 58,204) ( 50.934)
Revaluation105s on investment property
Net gain on investmeThts
6,250)
18,152
6.250)
18,152
24,884
Net movement in funds
8,945
9,269) (
324)
17,059
Reconciliation of funds
Total fl￿dS brought forward
735,129
I21.906
857,035
839,976
Total funds carried fonvard
744,074
112.637
856,711
857,035
All activities are classed as continuing.

THE WULFRIS EDUCATIONAL FOUNDATION
Balance Sheet as at 31st March 2025
2025
2024
Notes
Fixed assets
Investmcnt property
Inv¢stm¢nts
400.000
292.635
406,250
361,503
692,635
767,753
Current assets
Debtors
Cash at bank
2.356
183,599
3.947
107,331
185.955
111,278
Current liabilities:
Creditors
21.879
21.996
Iyet current assets
164.076
89,282
iu
Total net assets
856.711
857.03)
Funds
Unr¢slri¢ted capithl
UnrestriLted income
744,074
112,637
735,129
121,906
856.711
857,035
These financial statements were apwoved by the trustees and authorised for issue.
Approved by the tn]stees on
2026 and signed on their behalf:
R HARRIS
Chairman
Page: 9

THE WULFRIS EDUCATIONAL FOUNL DATION
Notes formin
art of the financial statements for the
ear ended 31st March 2025
Summary of signifIcant accounting policies
(a) General information and basis of preparation
The Wulfris Educational Foundation is an unincorporftt¢d charity in England. The address of the registered office
is given in the charity information on page 2 of these fiTh8ncial statements. The nature of the charity'5 operations
and principal activities are given on page 3.
The charity constitutes a public benefit entity a5 defined by FRS 102. The financial statements have been prepared
in accordance with Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to
charities preparing tbeir accouuts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (eff¢¢tive l January 2019) - (Charities SORP (FRS 102)), the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to
include certain items at fair value. The financial Statements are presented in sfrrling which is the functional
Cu￿enCY of the charity and rounded to the nearest £1.
The significant accounting policies applied in th¢ preparation of these financkal statements are set out b¢low. These
policies have been consistently applied lo all years presented unless Otherwise stated.
(b) Ineome recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally
entitled to the income after any perfonnance conditions have been met, the amount can be measured reli3bly and
it is probable that the income will be received.
For donations lo be recognised the charity will have been notified of the arnounts and the settlement date in writing.
If there are conditions attached to the donation and this requires a level of perfomiance before entitlement can be
obtain¢d then income is deferred until those ¢onditlOD5 are fully met or the fulfilment of those conditions is within
the control of the charity and it is probabl¢ that they will be ￿lfIlled.
Investment income is earned through holding assets for investmenl purposes such as shares and propety. It
includ¢s dividends, interest and rellt. Interest income is recognised using the effective interest method and dividend
and rent income is recognised as the charity's right to receive payment is established.
(c) Resources expellded
Expenditure, including grants. is included on an accruals basis.
Raising ￿ndS comprise those costs directly attnl)utable to managing the investment portfolio and includes
irrecoverable VAT.
Governance comprises costs for the ￿nDing of the charity itself as an organisation and includes I￿eCOVerable VAT.
(d) Fixed asset investment property
The investment property 2, 4 and 6 London Road, Soutbampton was passed to the charity under the tenns of th¢
Will of Katherine Wulfris in 1665 2nd as a result no original cost was recorded. The trustees have considered a
professional valuation of the property and are of the opinion that the costs would be prohibitive when set against
any perceived benefit. It is staled at the trustees. estimate of fair value.
(e) Fixed asset investments
Investments ar¢ included at closing mid-market value at the balance sheet date. Any gain or loss on r¢v8lualioll is
taken to the Statement of Financial Activities.
(fj Investments
All investments are held primarily for an investment r¢thm.
(g) Funds structure
The capital fund represents the accumulated value of the investtnents at cost plus their revaluation to market value
and gains and losses on disposal less investment managemenl fees.
The income thnd r¢pres¢nts the accumulated income froin investments les5 grants made and governanee costs.
Unrestricted funds are available for use at the discretion of the trustees in fi￿heranCt of the gener21 objectives of
the charity and which have not been designated for other purposes.
Tagè". I"0

"rHE WULFRIS EDUCATIONAL FOUNDATION
Notes formin
art of the financial statements for the
ear ended 31st March 2025
Summary of significant accounting policies (continued)
{b} Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments
are valued at ihe amount prepaid after taking account of any trade discounts due.
(i) Creditors and provisions
Creditors and provisions are recognised where the charity ha5 a present obligation resulting from a past event that
will probably result in the transfer of fvnds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are normally r¢¢ognised at tli¢ir settlement ainount after
allowing for any trade discounts due.
(i} Financial instruments
The trust only has financial assets and financial liabilities of a kind tbat qualify as basic financial instruments.
Basic fmancial instruments are initially recognised at transxction value and subsequently rneasured at their
settlement value with the exception of bank loans which ar¢ subsequently measured at the carrying value plus
accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the
effective interest method.
(k) Judgements in applying accounting policies and key sources of estimation uncertainty
Estimates alld judgernents are continually evaluated and are based on historical experkence and other factors,
including ¢xpeclations of future events that are believed to be reasotLabl¢ under the circumstances. Although these
estimates are management's best knowledge of the amount, events or actions. actual amounts ultimately may diff¢r
from those estimat¢s.
2025
2024
Investment income
Rents receivable
Dividends - equities
Interest- fixed interest s¢curiti¢s
36,193
8,312
1,473
33,719
8,220
1,170
45,978
43,109
Expenditure on raising funds
Stock market investments:
Investtlleut management fees
Property Costs:
Insurance
Professional fees
V AT paid
2,957
2,838
1,698
525
75
1,514
750
150
5,255
5,252
Expenditure on charitable activities
Grants paid and authorised:
Grants under £1,000 benefitting 467 (2024: 400) children..
Governance and 5UPPOrt costs
35,202
17,747
32,777
12,905
52,949
45.682
There is only one charitable activity, being the payments of grants for the provision of school clothing and ¢quipment
for children in need.
Governance and support costs
Audit fee
Accountancy & administratkon
Trustees indemnity insuiance
Postagelmileage
V AT paid
1,749
13,050
300
123
2,525
1,326
9,274
296
33
1,976
17,747
12,905
--P8gtrl I

THE WULFRIS EDUCATIONAL FOUNDATION
Notes formin
art of the financial statements for the
ear ended 31 st March 2025
Trustees remuneration
The trustees received no remuneration {2024: £Nil) and were not reimbursed for any expenses in the year {2024.. £Nil).
Mr N J Lapage was pkid £750 (2024: £750} for bookkeeping and administration s¢rvices.
Investment property
Investment propety: 2. 4 & 6 London Road. Southampton
Valuation at 1st April 2024
Revaluation loss
2025
2024
406,250
6,250)
406,250
Valuation at 3 1st March 2025
400.000
406.250
The investment propety has been valued by the trustees at fair value for existing use.
Fixed asset investments - listed investments
Market value at I st April 2024
Acquisitions al cost and cost adjustment
Proceeds from disposals
Gains in the y¢ar
361,503
1,185
85.205)
18.152
333,281
61,506
58,168)
24,884
292,635
361,503
Investments at market value comprised:.
UK equities
Overseas equities
269.894
22.741
341,321
20,182
Market value at 31 st March 2025
292 635
361503
All investments are carried at their market value. Investments in equities are all traded in quoted public markets,
primarily the London Stock Exchange. Holdings in common investment funds. unit trnsts and open-ended investment
companies are al the bid price. Asset sales 2nd purchases are recognised at the date of trade at cost (that is thetr
transaction value).
Debtors
Prepaym¢nts and accrued incorne
2,356
3,947
Creditors
Other creditors
Grants approved but not paid
Accruals and deferred in¢om¢
6,914
14.965
6,214
15,782
21,879
21,996
Page- 12

THE WULFIUS EDUCATIONAL FOUNDATION
Notes formin
art of the financial statements for the
ear ended 31st March 2025
10
Analysis of total net assets by fund
Unrestricted
CAPital
Unrestricted
income
Total
Fixed assets - investment property
investments
Net current assets
400,000
292,635
51,439
400,000
292,635
164,076
112,637
744,074
112,637
856,711
Outline summary of fund movements
Unrestricted
capital
Unrestricted
income
Total
Fund balances brought forward
Incoming resources
Outgoillg resources
Gains
735,129
121.906
45,978
55,247)
857,035
45.978
58,204}
11,902
2.957) (
11.902
Fund balances Ca￿led forward
744.074
112.637
856,711
The capital fund represents the accumulated value of the investments at cost plus tbeir revaluation to market value and
gains and losses on disposal less investment man2gement fees. The capital fund is only distributable in exceptional
circumstances.
The income fund represents the accumulated income from investments less grants made and governance costs. The
income fund is available for distribution in whole or in part.
12
Related parties
Ther¢ were no related party transactions in the year.
13
Ultimate controlling party
The charity is controlled by the trustees.
Page= 13