Company registration number: 00454793 Charity registratlon number: 1092221 THE ROYAL WOLVERHAMPTON SCHOOL FOUNDATION TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 PJE Accountants & Advisors Document Ref., 8NTUR-KSS8Z-V2QND-BG3YM.
The Royal Wolverhampton School Foundation Contents Page Reference and Admlnistrative Detalls Trustees, Report Independent Examiner's Report Statement of Flnanclal Activlties (Including Income and Expendlture Account) Comparative Statement of Financlal Activltles (includlng Income and Expendlture Account) Balance Sheet Notes to the Financlal Statements 10-13 The following pages do not form part of the statutory accounts: Detailed Statement of Financial Activitles (including Encome and Expenditure Account) 14 Document Ref: BNTUR-KSS8Z-V2QND-BG3YM
The Royal Wolverhampton School Foundatlon Reference and Adminlstratlve Details For The Year Ended 31 August 2025 Trustees Mr Peter Hlll, FCMA, CGMA, CPFA - Chair - Membar of the Royal School Wolverhampton Mr Mike Masters (Old Royal) - Dlrector of the RWS Enterprlses Limited Mr Geoffrey Greenhough, BA, M.LItt. MA - (Old Royal) Charlty Number 1092221 Company Number 00454793 Reglstered Office The Royal Wolverhampton School Foundatlon Penn Road Wolverhampton West Mldlands WV3 OEG Independent Examlner Owen Hedges ACCA, MAAT PJE Accountants & Advlsors 23 College Street Lampeter Ceredlglon SA48 7DY Page I Document Ref: BNTUR-KSS8Z-V2QND-8G3YM
The Royal Wolverhampton School Foundation Company No. 00454793 Trustees, Report For The Year Ended 31 August 2025 The trustees present their report and the flnanclal statements for the year ended 31 August 2025. Objectlves and Activities Aims and Objectives a) Charltable Objects The Foundation's objects, as set out In the Memorandum of Assoc(ation, are the advancement of education of persons of school age. Glven that the Leaver's Exhlbltlon Fund, requlred to contlnue under the scheme agreed with the Charlty Commission, Is speclfically aimed at supporting eligible former RWS and RSW pupils who have left school and are under the age of 25 years, the Trustees conslder the objects to Include them. b) Aims The Foundation only has The Leaving Exhlbitlon Fund transferred on the setting up of the Free Schooli plus any later donations, legacles and bequests received, Fess any donatlons made by the Foundation. These recelved donations, legacies and bequests may have conditions attached to them restrictlng the purposes to which they may be applled. Those mayi for example, be to fund boarding at the School for individual students or to finance infrastructure projects. Priority is generally given to supporting indivldual pupils whose needs cannot be flnanced by the School and/or Social Services and for whom a fundlng request has been made by the School Principal. - typlcally to urgently fund a perlod of Boarding In the School. Other slmllar Foundations and fundlng bodles may be approached by the School to help share those costs. The School now accommodates more than three tlmes the number of puplls it had when it applled to become a Free School. It continues to be heavily oversubscribed and the DfE states it continues to be the hardest-to-get-lnto State-funded school in the country. The building and renovatlon project at the School started In 2016, was due to be completed In 2019, and has suffered slgnlflcant delays and reconflgurations. Desplte havlng many temporary classrooms, lack of space meant boarding capaclty had to be reduced from 100 to 80 pupils though this wlll be reversed when boarding accommodation Is increased. In thls flnancfal year there were requests totalling £61,167 to fund a period of Boarding for pupils in need in the School. Such pupils are known as 'Foundatloners'. There are facilities in the School which are not funded by the DfE or the ESFA. Costs to ensure regulatory compliance and costs of operatlng these facllltles must however be carrled by the School. An example Is the School Chapel, whlch 15 used for Daily Assemblles by Prlmary and Senlor School pupils and is intrinsic to the operatlon of the school and the well-belng of those pupils. The Foundation may be asked to donate to support such facilities. The Foundation Is registered as a charlty for tax purposes. As such it is able to claim Gift Aid on approprlate donations meaning any donation from an eligible UK tax-payer can be Increased by 25 % at no cost to the donor. It is the preferred route for donations to benefit the School and Its pupils. Donatlons and bequests made for a speclflc purpose, such as those for Individual pupil support or for a project, are rlng-fenced from others - in effect Ilke an endowment, to be used only for that purpose. For example, a large bequest was prevlously made for the renovation of the fountaln in front of the Senlor School in memory of an Old Royal, Frank Nelson, and his wife Gwen. In this case the work was managed by the School uslng donated funds passed on by the Foundatlon. The project was flnalised In this flnancial year by the laying of a resln-based surface surrounding the fountaln to replace and enhance the previous gravel surface. In this financlal year Legacies (unrestricted) totalllng £148,358 were received from Old Royals Josephlne Belarn and Edith Hyde plus other donations of £1,865 from Old Royals, A donation of £20,000 (restricted) was recelved from Andrew Gardiner for the music/organ fund. The Foundatlon's alms are therefore to manage these funds and make such disbursements as declded by the Trustees of The Foundatlon. It Is expected that such disbursements will be malnly for the direct benefit of pupils at the Royal School Wolverhampton during their education at the School. In setting objectives and planning for actlvltles, the Trustees have glven due conslderatlon to general guidance published by the Charity Commlssion rel3ting to public benefit, includlng the guldance 'Public benefit: runnlng a charity (PB2)'. Donatlons have been made in previous years whlch dlrectly beneflt the general public. Donations, legacies and bequests are used to further the Foundations alms. ¢) Policles and objectives The objects of the Foundation are relatively slmpte and are stated above. Pollcies cover key aspects of the Foundatlon's work. They include those related to the recrultment, reglstratlon and operating pollcies of Trustees, financial delegation, processing donations and applications for funding from RSW. Policies are in place to cover instances of percelved or real confllcts of Interest. Achlevements and Performance Page 2 DDcument Ref: BNTUR-KSSBZ-V2QND-BG8YM Paga 4 ()f16
The Royal Wolverhampton School Foundation Trustees, Report (continued) For The Year Ended 31 August 2025 Main Achievements a) Donations received. Durlng the year income of £170,463 was recelved in donatlons and bequests. The Foundation is very grateful for the generosity of those who have contrlbuted. Most are from former pupils of the School - Old Royals and Old Rowans - many who have donated regularly. As Trustees of the Foundatlon, we wlsh to record our grateful thanks to them both and wlll apply these funds approprlately. b) Interest Received on treasury Investments during the year amounted to a total of £8,284 being £2,603 re the Endowment Fund and £5,681 other funds. c) In 2019 the Foundation made a donatlon to help fund the renewal of the all-weather Astroturf pltch next to the School swimmlng pool complex. It has a covenant wlth the School's tradlng companyi RWS Enterprises Ltd,, under which a sum equal to the cumulative annual profits from RWS Enterprise, if any, will be remitted by way of donation of profits to the Foundation. Such a repayment was not made to the Foundation in 2025. At the end of the reportlng year, the Foundation held restricted funds of £76,700 (organ fund and Chapel renovatlon) and £78,564 plus interest of leaver's endowment funding. There was an unrestricted balance of £184,526, The total funds were £342,393. d) Donations Made; The Foundation may be contacted by the School to help support pupils In need who are attending the school. These are generally vulnerable puplls whose home clrcumstances are such that they requlre a period in the School as Boarders. In the period under revlew, in response to requests by the School, the Foundation provided total donations of £61,167 to" assist towards vulnerable puplls wlth a period in boardlng. These pupils are known as "Foundatloners" by the School and the Foundation, although of course their Individual Identities are known only to the School. It is antlclpated that the Foundation may be asked for a slmllar amount next year. At the time of wrltlng this report, It is still anticlpated the Foundation wlll make a slgnificant contribution to a Chapel preservatlon and enhancement project to enable work to begin on the vislonlng and deslgn, planningi galnlng of needed permissions and project management necessary to get the physical work started. We have reserved the sum of £50,000 as seed-fundlng if required towards the project initiation. This work would encompass the nearby lodge, to be used for tollets and cateringi as well as the chapel. The alm is to preserve the chapel In its current role as a place of essentially Christlan- based worship and also enable It to be used more flexibly for many actlvities by the school and local community and to generate income to help offset its ongoing costs. We envisage an appeal to other fundralsers wlll be essential to meet the cost of preservlng the chapel and enhanclng It so it becomes an attractive venue for a range of activlties, including weddlngs, some of which wlll brlng needed revenue to contfnue Its ongolng maintenance. It Is hoped the project wlll be launched later In 2025. Such a project requires the School s active support and particlpation although It Is reeognised that the School's present flnancial circumstances may limit any financlal contributlon and constrain School staff Involvement. The Foundation could help attract and then hold donated funds for the project. It would then pass them onto the School to cover agreed costs as they becorne payable. The School would contract wlth builders, archltects etc. Thls process would requlre DfE agreement and a sufficiently successful appeal. e) Foundation website. The Foundatlon website (www.theroyalschool.foundation) contains much information about the Foundation, Its aims and objectives, what it does, Its history and current news. It explains how everyone can help make a difference to the Ilves of current and recently-left puplls at the school by donating to the Foundation. The webslte is set up to receive donatlons and clalm Gift Ald. Donatlng electronlcally can bè by text, online bankingi using the webslte's on14ne- giving page, and using the School Comms App whlch Is used by parents to pay for school meals etc. It also facllltates payments using paper forms. It is hoped the website wlll be the maln way for parents, frlends Old Royals, etc., to donate, and the Foundation can then claim Gift Ald on suitable donatlons. Financlal Review Reserves Pollcy The Foundatlon does not possess large endowment reserves to generate income to assist in the financing of the charlty. The Trustees are of the vlew that It is appropriate to retain sufficient funds to protect The Foundation against uninsurable risks and future uncertalntles. Going Concern After making appropriate enquirles, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For thls reason, they continue to adopt the going concern basls in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found In the accounting policies. Structure, Governance and Management Page 3 Document Ref: BNTUR-KSS8Z-V2QND-BG3YM
The Royal Wolverhampton School Foundation Trustees, Report (continued) For The Year Ended 31 August 2025 Governing Document The Director5 of the charftable company are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. The Trustees are also members of the company for the purpose of company law. The Trustees who served durlng the year are named on page l. Trustee Selection Method$ The management of the Company is the responslblllty of the Trustees who are elected and co opted under the terms of the Memorandum of Association. The Foundation has three trustees - the minimum as permltted by a change in the Articles on August 2016. The Trustees are mlndful that the Board should contaln members drawn from a broad range of backgrounds. Prospectlve Trustees are encouraged to vlsit RSW, meet the staff and puplls and have an Introductlon to the way in whlch the School works and how the Foundation mlght asslst pupils and former puplls especlally those who are vulnerable and In need of support. Trustees are elected at a Trustees meetlng after a dillgent recrultment process. They are Intervlewed by the Chalr of Trustees of the Foundation prlor to any declslon by the Trustees. Trustees are appolnted for a term of 5 years and for a maxlmum unlnterrupted perlod of 15 years. On appointment Trustees are glven the opportunlty to partlclpate In an Inductlon course. ExlstTng Trustees are encouraged to attend training courses on an ad hoc or on demand basls. Trustees may also recelve presentatlons In advance of Trustee meetlngs about aspects of the School's or Foundation's actlvltles or toplcs of Importance that may Impact on the Foundatlon's decisions. Trustees may be glven speclflc tralnlng In areas such as child protectlon and to malntaln awareness of developments in the educatlon and charitable sectors, Other Information Addltlonal Note The Royal Wolverhampton School Foundatlon (RWSF) Is constituted as a charitable company. The company itself is reglstered under Charlty Number 1092221, and as a company Ilmlted by guarantee (under Company Number 454793) and is regulated by Its Memorandum and Artlcles of AssocSatlon dated 15 March 2002, subsequently amended In June 2004, January 2005, August 2011 and August 2016. a) Charltles admlnlstered A Charlty Commlsslon Scheme dated 16th June 2016 was created to permlt the Royal Wolverhampton School (RWS) In effect to convert to an Independent Free School, The Royal School Wolverhampton ('RSW' or 'the School,), on 1st September 2016. AII RWS assets and speclfied liabilities were transferred to the Free School except for the Leavlng Exhlbition Fund whlch remalned, as mandated by the Charity Commission. Consequently, the Foundation contlnues to admlnlster the followlng unlncorporated charitles and thelr objects: l) The Royal Wolverhampton School Endowment Charlty (529007) a. The advancement of education of persons of school age, in particular puplls who have, or are, attendlng the School. 2) The Charles Hayward Scholarshlp Fund a. The advancement of educatlon by the award of bursaries, scholarships or other asslstance to puplls at the School, 3) The Orphan Scholarshlp Fund a. The advancement of education by the award of financial assistance to puplls at the School who are without one or both parents or who are no longer resident with one or both parents or who are otherwise In fjnancial need. 4) The Leavlng Exhibition Fund a. The advancement of education by the award of grants (whlch may be known as Leaving Exhlbitions) to beneficlaries to enable them to attend any place of higher or further education or an equivalent course of study (Includlng an apprenticeshlp). 'Beneficlarles' means persons under the age of 25 years who have been registered pupils at the School for at least two year5. The funds held in the first three of these charities were fully applied in the Commerclal TTrnsfer Agreement enacted on 31st August 2016 enabling, Inter alla, the Free School to become operatlve from 1st September 2016. Consequentially they contain no funds. The Royal Wolverhampton School Endowment Charity continues in the Charity Commission register although it currently has no funds. The other two funds are considered as effectlvely closed. However, the objects of the Endowment Charity fit within the remlt of the Foundatlon Itself as In practlce 'School' refers to the Royal School Wolverhampton and it is focused on financlal support for Indivldual puplls. ..CONTINUED Page 4 Document R6f; BNTUR-KSS8Z-V2QND-BG3YM
The Royal Wolverhampton School Foundation Trustees, Report (contlnued) For The Year Ended 31 August 2025 Addltional Note - contlnued The Leavlng Exhibltlon Fund contalns those funds held on 31st August 2016 Plans for future perlods The Company will contlnue to operate in accordance with the alms of The Foundatlon as set out above. Post Balance Sheet Events Post-Balance Sheet event In early 2026 a defect was found in the roof of the Chapel rendering It unsafe for school assembties and speclal events. In addltion the conditlon of the school lodge deteriorated to the extent that emergency renovation was rapidly requlred. A Jolnt emergency preservation project Is being managed and funded by the School. It is antlclpated that the Chapel preservatlon and enhancement project referred to above will be delayed untll thls emergency work Is largely completed. Small Company Rules Thls report has been prepared In accordance with the speclal provisions relating to companies subject to the small companles regime within Part 15 of the Companies Act 2006. The. pproved by the board of trustees and slgned on Its behalf by: Mr Peter Hlll, FCMA, CGMA, CPFA Trustee Date I¥/oF/2e)2 Page 5 Document Ref: BNTUR-KSS8Z-V2QND-BG3YM
The Royal Wolverhampton School Foundation Independent Examlner's Report to the Trustees of The Royal Wolverhampton School Foundation For The Year Ended 31 August 2025 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025. Responslbilltles and Basis of Report As the charlty trustees of the Company (and also it5 dlrectors for the purposes of company taw), you are responslble for the preparation of the accounts in accordance wlth the requlrements of the Companles Act 2006 ("the 2006 Act"). Havlng satlsfled myself that the accounts of the Company are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examlnation, I report in respect of my examlnatlon of your charlty's accounts as carrled out under sectlon 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examlnation I have followed the Dlrectlons gtven by the Charlty Commlssion under sectlon 145(5) (b) of the 2011 Act. Independent Examlner's Statement I have completed my examinatlon. I conflrm that no matters have come to my attentlon In connection wlth the examlnatlon glvlng me cause to believe: l. accountlng records were not kept In respect of the Company as requlred by sectlon 386 of the 2006 Act; or 2. the accounts do not accord wlth those records; or 3. the accounts do not comply wlth the accountlng requlrements of sectlon 396 of the 2006 Act other than any requirement that the accounts glve a 'true and falr vlew, which Is not a matter consldered as part of an Independent examination; or 4. the accounts have not been prepared In accordance wlth the methods and prlnclples of the Statement of Recommended Practlce for accountlng and reporting by charitles appllcable to charltles preparing their accounts In accordance with the Flnancial Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no other matters in connectlon wlth the examlnatlon to whlch attentlon should be drawn in thls report in order to enable a proper understanding of the accounts to be reached. Owen Hedges ACCA, MAAT Date It/6 &) /2ci2 23 College Street Lampeter Ceredigion SA48 7DY Page 6 Document Ref: 8NTUR-KSS8Z-V2QND-BG3YM
The Royal Wolverhampton School Foundatlon Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025 2025 2024 Unrestricted Restrlcted Endowment funds funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 150,464 5,681 20,000 170,464 8,284 12,231 2,603 156,145 20,000 2,603 178,748 12,231 EXPENDITURE ON: Charitable activitles: Charitable actlvlties (66,292) (33,759) (100,051) (35,697) 78,697 (23,466) NET INCOME/(EXPENDITURE) 89,853 (13,759) 2,603 Transfers between funds 12 (56,242) 56,242 NET MOVEMENT IN FUNDS RECONCILIATXON OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 33,611 42,483 2,603 78,697 (23,466) 150,915 34,217 78,564 263,696 287,162 12 184,526 76,700 81,167 342,393 263,696 The note5 on pages 10 to 13 form part of these financtal statements. Page 7 Document Ref: BNTUR-KSS8Z-V2QND.BG3YM Page 9 Of 16
The Royal Wolverhampton School Foundation Comparative Statement of Financlal Actlvities (including Income and Expenditure Account) For The Year Ended 31 August 2025 2024 Unrestricted Restrlcted Endowment funds funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies EXPENDITURE ON: Charltable a¢tlvltles: Charitable actlvities 12,231 12,231 (3,114) (32,583) (35,697) (23,466) NET EXPENDITURE 9,117 (32,583) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9,117 (32,583) (23,466) 141,798 66,800 78,564 287,162 12 150,915 34,217 78,564 263,696 The notes on pages 10 to 13 form part of these flnanclal statements. Page 8 Docum8nt Ref: B14TUR-KSS8Z-V2QND-BG3YM Page.10'of 16
The Royal Wolverhampton School Foundation Balance Sheet As At 31 August 2025 2025 2024 Unrestricted Restrlcted Endowment funds funds funds Total funds Total funds Notes CURRENT ASSETS Debtors Investments Cash at bank and in hand 8,716 8,716 8,716 150,000 107,740 10 177,616 76,700 81,167 335,483 186,332 76,700 81,167 344,199 266,456 Creditors: Amounts Falllng Due Within One Year 11 (1,806) (1,806) (2,760) NET CURRENT ASSETS (LIABILITIES) 184,526 76,700 81,167 342,393 263,696 TOTAL ASSETS LESS CURRENT LIABILITIES 184,526 76,700 81,167 342,393 263,696 NET ASSETS 184,526 76,700 81,167 342,393 263,696 FUNDS OF THE CHARITY Endowment Funds Restricted FLJnds Unrestricted Funds 81,167 76,700 184,526 78,564 34,217 150,915 TOTAL FUNDS 12 342,393 263,696 For the year ending 31 August 2025 the charltable company was entltled to exemptlon from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the charltable company to obtaln an audit In accordance wlth section 476 of the Companles Act 2006. The trustees acknowledge their responsibilitle5 for complying with the requlrements Df the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance wlth the provlsions applicable to companies subject to the small companies regime. On behalf of the board Mr Peter Hill, FCMA, CGMA, CPFA Trustee Date lff/0¥/2oz6 The notes on pages 10 to 13 form part of these financial statements. Page 9 Document Ref; BNTUR-K8S8Z-V2QNt>BG3YM Page":11 of 16
The Royal Wolverhampton School Foundatlon Notes to the Financial Statements For The Year Ended 31 August 2025 l. General Xnformation The Royal Wolverhampton School Foundation is a company limited by guarantee, incorporated in England & Wales, registered number 00454793 and registered charity number 1092221. The reglstered office Is The Royal Wolverhampton School Foundatlon, Penn Road, Wolverhampton, West Midlands, WV3 OEG. 2. Accountlng Policies 2.1. Basis of Preparatlon of Financial Statements The flnancial statements have been prepared in accordance wlth the Charlties SORP (FRS 102) "Accountlng and Reportlng by Charlties: Statement of Recommended Practlce appllcable to charltles preparlng thelr accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republlc of Ireland (FRS 102) (effective I January 2019)" Flnanclal Reporting Standard 102 The Financial Reportlng Standard appllcable In the UK and Republic of Ireland" and the Companles Act 2006. The charitable company15 a Publlc Beneflt Entity as deflned by FRS 102. 2.2. Incoming Resources All Income Is recognlsed once the Charlty has entltlement to the Income, It Is probable that the Income wlll be received and the amount of Income recelvable can be measured reliably. The recognltlon of Income from legacles Is dependent on establlshlng entitlement, the probablllty of recelpt and the ablllty to estimate with sufflclent accuracy the amount recelvable. Evidence of entltlement to a legacy exists when the Charlty has sufficient evldence that a gift has been left to them (through knowledge of the existence of a valid wlll and the death of the benefactor) and the executor Is satisfied that the property In questlon wlll not be requlred to satlsfy clalms In the estate. Receipt of a legacy must be recognlsed when It Is probable that It wlll be recelved and the falr value of the amount receFvable, which wlll generally be the expected cash amount to be dlstrlbuted to the Charltyi can be reliably measured. Donations recelved for the general purpose of the Foundation are credited to unrestrlcted funds, where the donor or appeal has imposed trust law restrlctlons, voluntary Income Is credlted to the relevant restrlcted fund and Incomlg endowments are accounted for as permanent trust capital or expendable trust capital, according to whether the donor intends retentlDn Is to be permanent or not. Gift5 In kind are valued at estlmated open market value at the date of the glft, In the case of assets for retentlon or consumptlon, or at the value to the Foundatlon In the case of donated services or facllltles. 2.3. Resources Expended Expendlture Is recognlsed once there Is a legal or constructlve obllgatlon to transfer economlc beneflt to a thlrd party, It Is probable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obligatlon can be measured rellablly. ExpendltLJre Is classlfled by actlvlty. Expendlture on charltable activltles Is incurred on dlrectly undertaklng the activltles whlch further the Charlty's objetclves, as well as any asociated support costs. All expenditure Is Incluslve of Irrecoverable VAT. 2.4. Cash and Cash Equlvalents Cash and cash equivalents are basic financlal assets and Include cash In hand and deposits held at call with banks, other short-term hlghly Ilquld Investments that mature in no more than three months from the date of acqulsltlon and are readily convertlble to a known arnount of cash wlth Insignlflcant risk of change in value, and bank overdrafts. 3. Income from Donations and Legacies 2025 Unrestricted Restricted Total funds funds funds Donations and gifts 150,464 20,000 170,464 2024 Unrestrlcted Restrlcted Total funds funds funds Donations and gffts 12,231 12,231 Page 10 Document Ref: BNTUR-KSS8Z-V2QND.BG3YM Page 12'of18":
The Royal Wolverhampton School Foundation Notes to the Financial Statements (continued) For The Year Ended 31 August 2025 4. Investment In¢ome 2025 Unrestricted Endowment funds funds Total funds Bank Interest receivable 5,681 2,603 8,284 2024 Unrestricted Endowment funds funds Total funds Bank interest receivable 5. Analysls of Expendlture 2025 Actlvitle8 undertaken directly Grant fundlng of activities Support costs (see note 6) Total Charltable activltles 36,389 61,167 2,495 100,051 2024 Grant fundlng of activities Support costs (see note 6) Total Charitable attivltles 32,583 3,114 35,697 6. Support Costs 2025 Charltable activities General admlnlstratlon Governance costs 528 1,967 2,495 2024 Charltable actlvltles Governance costs 3,114 7. Independent Examiner's Remuneration 2025 2024 Independent examination of the financlal statements 1,566 2,760 Page 11 Document Ref: BNTUR.KSS8Z-V2QND.BG3YM ..Page 13of16
The Royal Wolverhampton School Foundation Notes to the Flnancial Statements (contlnued) For The Year Ended 31 August 2025 8. Average Number of Employees Average number of employees during the year was: NIL (2024: NIL) 9. Debtors 2025 2024 Due after more than one yéar Trade debtors 8,716 8,716 10. Current Asset Investments 2025 2024 Short term deposits 150,000 11. Credltors: Amounts Falllng Due Wlthln One Year 2025 2024 Trade Creditors Accruals and deferred Income 240 1,566 2,760 1,806 2,760 12. Movement in Funds Asatl September 2024 Asat31 August 202S Income Expendlture Transfers Unrestricted funds General: Generat unrestrlcted fund Deslgnated; ORA Sub5 Chapel - Unrestrlcted 88,626 155,905 (63,662) (6,242) 174,627 360 61,929 240 (600) (2,030) (2,630) (50,000) 9,899 62,289 240 (50,000) 9,899 Total unrestrlcted funds 150,915 156,145 (66,292) (56,242) 184,526 Restricted funds Chapel Restricted Organ & Muslc Fountain 50,000 50,000 26,700 6,700 27,517 20,000 (33,759) 6,242 Total restrlcted funds 34,217 20,000 (33,759) 56,242 76,700 Endowment funds Permanent: The Leavlng Exhibitton Fund 78,564 78,564 ..CONTINUED Page 12 Document Ref: 8NTUR-KSS8Z-V2QND-BG3YM Page,14.of .16.
The Royal Wolverhampton School Foundation Notes to the Financlal Statements (continued) For The Year Ended 31 August 2025 Expendable: Endowment 2,603 2,603 Total endowment funds 78,564 2,603 81,167 Total funds 263,696 178,748 (100,051) 342,393 Asatl September 2023 Asat31 Expenditure August 2024 Income Unrestrlcted funds General: General unrestricted fund Restricted funds Organ & Music Fountaln 141,798 12,231 (3,114) 150,915 6,700 60,100 6,700 27,517 (32,583) Total restricted funds 66,800 (32,583) 34,217 Endowment funds Permanent: The Leaving Exhibitlon Fund 78,564 78,564 Total funds 287,162 12,231 (35,697) 263,696 13. Transactions with Trustees Durlng the year the expenses reimbursed to the trustees or paid directly to thlrd parties were as follows: 2025 2024 14. Related Party Disclosures There have been no related paty transactions in the reporting period that require dlsclosure. 15. Company Ilmlted by guarantee The company is Ilmited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. Page 13 DDcum8nl Ref; BNTUR-KSS8Z-V2QND-BG3YM P.age 15 of,16.
The Royal Wolverhampton School Foundatlon Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacles Donatlons and gifts 170,464 12,231 170,464 12,231 Investments Bank interest receivable 8,284 8,284 178,748 12,231 EXPENDITURE ON: Charitable Activltles: Charitable activities Fountain restoration costs Subscriptions Grants to institutions Bank charges Independent examiner's fees Professlonal fees (35,789) (600) (61,167) (528) (1,566) (401) (100,051) (32,583) (2,760) (354) (35,697) (100,051) (35,697) NET INCOME/(EXPENDITURE) 78,697 (23,466) Page 14 Document Ref: BNTUR-KSS8Z-V2QND-BG3YM Page.16 of.18