2020-08-31-accounts

			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Trustees' Report			2-6
Independent Auditors'	Report	on the Financial Statements	7-9
Statement of Financial	Activities		10
Balance Sheet
Notes tothe Financial	Statements		12-21

REFERENCE AND	REFERENCE AND	ADMINISTRATIVE DETAILS	ADMINISTRATIVE DETAILS	OF	THE CHARITY, ITSTRUSTEES AND ADVISERS
		FOR THE YEAR ENDED 31AUGUST 2020
Trustees		Mr DJ Hughes, Chairman
		Mr SRoss
		Mr M JHughes
		Dr R D G Cooper
		DrSWslford (resigned 5		December 2019)
		MrJ Harper (appointed 4		March 2020)
Charity registered
number		1090885
Principal office		cro Wolverhampton	Grammar		School
		Compton Road
		Wolverhampton
		WV3 9RB
Clerk to the	Trustees	PC Rudge (Resigned 31		August 2020)
		S Hemmings (Appointed		1 September 2020)
Independent	auditors	WR Partners
		Chartered Accountants
		Belmont House
		Shrewsbury Business Park
		Shrews bury
		Shropshire
		SY26LG
Bankers		Allied ldsh Bank (GB)
		380Birmingham	Road
		Sutton Coldfield
		B72 1YH
Solicitors		FBCManby Bowdler LLP
		6-10George Street
		Snow Hill
		Wolverhampton
		WV2 4NB
Investment	Manager	Smith &Williamson
		3rd Floor
		9Colmore Row
		Birmingham
		B32BJ

				Unrestricted	Total	Total
				funds	funds	funds
				2020	2020	2019
			Note	8	K
Income from:
Donations and	legacies		4	25,000	25,000
Investments			5	17,645	17,645	10,100
Total income				42,645	42,645	19,100
Expenditure on:
Raising funds			6	1,008	1,008	957
Charitable activities			7	25,921	25,921	2362
Total expenditure				26,929	26,929	3,339
Net gains on investments				15,029	15,029	9,306
Net movement	In funds			30,745	30,745	25,067
Reconciliation	offunds:
Total funds brought		forward		1,153,559	1,153,559	1,128,492
Net movement	in funds			30,745	30,745	25,067
Total funds carried forward				1,184,304	1,184,304	1,153,559

Unrestricted	Total	Total
funds	funds	funds
2020	2020	2019
E		E
25,000	25,000

				Unrestricted	Total
				funds	funds
				2020	2020
				E
Rental income from investment		properties		15,438	15,438
Investment	income			2,172	2,172
Bank interest				35	35
				17,645	17,845
				Unresiricted	Total
				funds	funds
				2019	2019
					E
Investment	income - local investment		properties	fe,810	16,610
Income from local listed investments				2263	2,263
Investment	income - local cash			27	27
				19,100	19,100

Unrestncted	Total
funds	funds
2020	2020
E	E
1,008	1,008

Vnnrstdcted	Total
funds	funds
2019f	2019
957	957

		Support	Total
		costs	funds
		2020f	2020 6
Charitable	activities	25,921	25,921
		Support	Total
		costs	funds
		2019f	2019f
Charitable	activities	2,382	2,382

				Total
			Activities	funds
			2020	2020
				6
Audit costs			1,278	1,278
Refurbishment	costs of investment	properties	24,643	24,643
			25,921	25,921

Analysis ofsu	pport costs (contin	ued)
				Total
			Acfrwbes	funds
			2019f	2019 5
Audit costs			1,278	1,278
Refurbishment	costs ofinvestment	properties	1,104	1,104
			2,382	2,382

Auditors' remuneration
			2020	2019
			5
Fees payable to the Charity's accounts	auditor for the audit ofthe Charity's	annual	1,278	1,278

					Freehold
					investment
					property 5
Valuation
At 1 September 2019					860,000
At 31August 2020					860,000
The 2020valuations	were made by Trustees on an			open market value for existing use basis.
The historic cost of	re-valued	investment	properties	is 5392,582 (2019:E392,582).

Fixed asset investments
	Listed
	investmenta
	5
Cost orvaluation
At 1 September 2019 Additions	151,515 14,758
Revaluations	15,029
At 31August 2020	181,302
Net book value
At 31August 2020	1811302
At 31August 2019	151,515

2020	2019
5	5
2,338

Statement	offunds - curr	ent year
		Balance at 1				Balance at
		September			Gains/	31 August
		2019f	Income 6	Expenditure	(Losses) 6	2020 6
Unrestricted	funds
1958Appeal	fund	686,141	42,645	(26,929)	15,029	716,886
Revaluation	reserve	467,418			~	467,418
		1,153,559	42,645	(26,929)	15,029	1,184,304

		Balance at				Balance at
		1September			Gainer	31August
		2018	Income	Expendituref	(Losses)f	2019
Unrestricted	funds
1958Appeal	fund	661,074	19,100	(3,339)	9,306	686,141
Revaluation	reserve	457,418				467,418
		1,128,492	19,100	(3,339)	9,305	1,153,559

Analysis ofnet assets between funds -current pe	riod
	Unrestncted	Total
	funds	funds
	2020f	2020 E
Fixed asset investments	181,302	181,302
Investment property	860,000	860,000
Current assets	145,340	145,340
Creditors due within one year	(2,338)	(2,338)
Ttl	1,184,304	1,184,304

Analysis ofnet assets between funds -prior period
	Unrestricted	Total
	funds	funds
	2019	2019f
Fixed asset investments	151,515	151,515
Investment property	860,000	ceo,ooo
Current assets	143,490	143,490
Creditors due within one year	(1,446)	(1,446)
	1,153,559	1,153,559