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
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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.
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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.
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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
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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
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..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
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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
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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
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Page.16 of.18