| Page | |||||
|---|---|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, | its Trustees | and Advisers | ||
| Trustees' Report |
2-6 | ||||
| Independent Auditors' |
Report | on the Financial Statements | 7-10 | ||
| Statement of Financial | Activities | ||||
| Balance Sheet | 12 | ||||
| Notes to the Financial | Statements | 13-22 |
| Trustees | Mr DJ Hughes, | Chairman | Chairman | |||
|---|---|---|---|---|---|---|
| Mr SRoss | ||||||
| Mr M J Hughes | ||||||
| Dr R D G Cooper | ||||||
| Mr J Harper | ||||||
| Charity registered | ||||||
| number | 1090885 | |||||
| Principal | office | c/o Wolverhampton | Grammar | School | ||
| Compton Road |
||||||
| Wolverhampton | ||||||
| WV3 9RB | ||||||
| Clerk to the | Trustees | S Hemmings | ||||
| Independent | auditors | WR Partners | ||||
| Chartered Accountants |
||||||
| Belmont House | ||||||
| Shrewsbury Business Park |
||||||
| Shrewsbury | ||||||
| Shropshire | ||||||
| SY2 6LG | ||||||
| Bankers | Allied Irish Bank |
(GB) | ||||
| 380 Birmingham | Road | |||||
| Sutton Coldfield | ||||||
| B72 1YH | ||||||
| Solicitors | FBC Manby Bowdler | LLP | ||||
| 6-10George Street | ||||||
| Snow Hill | ||||||
| Wolverhampton | ||||||
| WV2 4NB | ||||||
| Investment | Manager | Smith 8 Williamson | ||||
| 3rd Floor | ||||||
| 9Colmore Row | ||||||
| Birmingham | ||||||
| B32BJ |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| Note | E | E | ||
| Income from: | ||||
| Donations and legacies |
25,000 | |||
| Investments | 25,961 | 25,961 | 17,645 | |
| Total income | 25,961 | 25,961 | 42,645 | |
| Expenditure on: |
||||
| Raising funds | 1,140 | 1,140 | 1,008 | |
| Charitable activities |
7,923 | 7,923 | 25,921 | |
| Total expenditure | 9,063 | 9,063 | 26,929 | |
| Net income before net gains on investments | 16,898 | 16,898 | 15,716 | |
| Net gains on investments | 42,355 | 42,355 | 15,029 | |
| Net movement in funds |
59,253 | 59,253 | 30,745 | |
| Reconciliation offunds: |
||||
| Total funds brought forward |
1,184,304 | 1,184,304 | 1,153,559 | |
| Net movement in funds |
59,253 | 59,253 | 30,745 | |
| Total funds carried forward | 1,243,557 | 1,243,557 | 1,184,304 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Investments | 12 | 223,657 | 181,302 | |||
| Investment property |
11 | 860,000 | 860,000 | |||
| 1,083,657 | 1,041,302 | |||||
| Current assets | ||||||
| Cash at bank and | in hand | 161,754 | 145,340 | |||
| 161,754 | 145,340 | |||||
| Creditors: amounts | falling due within one | |||||
| year | (1,854) | (2,338) | ||||
| Net current assets | 'I59,900 | 143,002 | ||||
| Total net assets | 1,243,557 | 1,184,304 | ||||
| Charity funds | ||||||
| Unrestricted funds |
||||||
| General funds | 14 | 776,139 | 716,886 | |||
| Revaluation reserve |
467,418 | 467,418 | ||||
| Total unrestricted | funds | 14 | 1,243,557 | 1,184,304 | ||
| Total funds | 1,243,557 | 1,184,304 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2021 | 2021 |
| F | F |
| Unrestricted | Total |
| funds | funds |
| 2020 | 2020 |
| E | |
| 25,000 | 25,000 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2021 | |||
| Rental income from investment | properties | 23,581 | 23,581 | |
| Investment | income | 2,367 | 2,367 | |
| Bank interest | 13 | 13 | ||
| 25,961 | 25,961 | |||
| Unrestricted | Total | |||
| funds | funds | |||
| 2020 | 2020 | |||
| Rental income from investment | properties | 15,438 | $5,438 | |
| Investment | income | 2,f72 | 2,172 | |
| Bank interest | 35 | 35 | ||
| 17,645 | 77,645 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2021 | ||||
| f. | F | ||||
| Investment | management | fees | 1,140 | 1,140 | |
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2020 | 2020 | ||||
| E | |||||
| Investment | management | fees | 1,008 | 1,008 | |
| 7. | Analysis | ofexpenditure | by activities |
| Support | Total | ||
|---|---|---|---|
| costs | funds | ||
| 2021 | 2021 | ||
| F | F | ||
| Charitable | activities | 7,923 | 7,923 |
| Support | Total | ||
| costs | funds | ||
| 2020 | 2020 | ||
| Charitable | activities | 25,921 | 25,921 |
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Activities | funds | ||||||
| 2021f | 2021 | ||||||
| Audit costs | 1,854 | 1,854 | |||||
| Refurbishment | costs of investment | properties | 6,069 | 6,069 | |||
| 7,923 | 7,923 | ||||||
| Total | |||||||
| Activities | funds | ||||||
| 2020 | 2020 | ||||||
| Audit costs | 1,278 | 1,278 | |||||
| Refurbishment | costs of investment | properties | 24,643 | 24,643 | |||
| 25,921 | 25,92$ | ||||||
| Auditors' | remuneration | ||||||
| 2021 | 2020 | ||||||
| Fees payable | to the Charity's | auditor for the audit ofthe Charity's | annual | ||||
| accounts | 1,854 | 1,278 |
| Listed | |
|---|---|
| investments | |
| f. | |
| Cost or valuation | |
| At 1 September 2020 | 181,302 |
| Revaluations | 42,355 |
| At 31 August 2021 | 223,657 |
| Net book value | |
| At 31 August 2021 | 223,657 |
| At 31August 2020 | 181,302 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| F | |||||
| Accruals | and | deferred | income | 1,854 | 2,338 |
| Balance at 1 | Balance at | |||||
|---|---|---|---|---|---|---|
| September | Gains/ | 31 August | ||||
| 2020 | Income | Expenditure | (Losses) | 2021 | ||
| E | F | E | F- | |||
| Unrestricted | funds | |||||
| 1958Appeal | fund | 716,886 | 25,962 | (9,064) | 42,355 | 776,139 |
| Revaluation | reserve | 467,418 | 467,418 | |||
| 1,184,304 | 25,962 | (9,064) | 42,355 | 1,243,557 | ||
| Statement offunds - prior year | ||||||
| Balance at | Balance at | |||||
| 1 September 2019 |
Income | Expenditure | Gains' (Losses) |
31August 2020 |
||
| 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 |
| Analysis of net assets between funds - current ye |
ar | |
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2021 | 2021 | |
| Fixed asset investments | 223,657 | 223,657 |
| Investment property |
860,000 | 860,000 |
| Current assets | 161,754 | 161,754 |
| Creditors due within one year | (1,854) | (1,854) |
| Ttl | 1,243,557 | 1,243„557 |
| Analysis ofnet assets between funds - prior year |
||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2020 | 2020 | |
| 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) |
| 1,184,304 | 1,184,304 |