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|---|---|---|---|
|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|
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|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||||
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|||||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|
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2020|2020|2019|
|E||E|
|25,000|25,000||
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|||||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|
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|Unrestncted|Total|
|---|---|
|funds|funds|
|2020|2020|
|E|E|
|1,008|1,008|
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|Vnnrstdcted|Total|
|---|---|
|funds|funds|
|2019f|2019|
|957|957|
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|||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|
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|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|
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|Auditors'
remuneration|||||
|---|---|---|---|---|
||||2020|2019|
||||5||
|Fees payable to the Charity's
accounts|auditor for the audit ofthe Charity's|annual|1,278|1,278|
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||||||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).||
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|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|
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|2020|2019|
|---|---|
|5|5|
|2,338||
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|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|
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|||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|
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|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|
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|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|
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