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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|||7-10|
|Statement of Financial|Activities|||||
|Balance Sheet|||||12|
|Notes to the Financial|Statements||||13-22|
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|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||||
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|||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|
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|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|$5,438|
|Investment|income||2,f72|2,172|
|Bank interest|||35|35|
||||17,645|77,645|
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2021|
|||||f.|F|
||Investment|management|fees|1,140|1,140|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2020|2020|
|||||E||
||Investment|management|fees|1,008|1,008|
|7.|Analysis|ofexpenditure|by activities|||
|||Support|Total|
|---|---|---|---|
|||costs|funds|
|||2021|2021|
|||F|F|
|Charitable|activities|7,923|7,923|
|||Support|Total|
|||costs|funds|
|||2020|2020|
|Charitable|activities|25,921|25,921|
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||||||||Total|
|---|---|---|---|---|---|---|---|
|||||||Activities|funds|
|||||||2021f|2021|
|Audit costs||||||1,854|1,854|
|Refurbishment||costs of investment||properties||6,069|6,069|
|||||||7,923|7,923|
||||||||Total|
|||||||Activities|funds|
|||||||2020|2020|
|Audit costs||||||1,278|1,278|
|Refurbishment||costs of investment||properties||24,643|24,643|
|||||||25,921|25,92$|
|Auditors'|remuneration|||||||
|||||||2021|2020|
|Fees payable||to the Charity's|auditor for the audit ofthe Charity's||annual|||
|accounts||||||1,854|1,278|
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||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|
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|||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|
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|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|
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