REGISTERED COMPANY NUMBER: 04370289
REGISTERED CHARITY NUM8ER: 1093838
Report of the Trustees and
Consolidated Financial Ststements for the year ended 31st August 2023
for
THE VINE TRUST WALSALL AND SUBSIDIARIES
"AD3SZKS3*
2410512024
COMPANIES HOUSE
A17
#149
DJH Walsall Ltd
3 Floor International House
20 Hatherton Street
Walsall
West Midlands
W542LA

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 043702891
Contents of the Consolidated Financial Statements
for the year ended 31st August 2023
Page
Charity Reference and Administrative Detsils
Trustees Annual Report
Independent Examiners Report
Consolidated Statement of Financial Activities
io
Con501idated Balance Sheet
li
Charity Balance Sheet
12
Statement of Cashflows
13
Notes to the Financial Statements
14

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 4370289)
Charity Reference and Administrative Detsi15
Year ended 31st August 2023
Incorporation
8 February 2002
Charity registration number
1093838
Company registration number
04370289
Director5
M.A. Harland
P.BJ. Powell
J.P. Sargent
D. Lomax
L.A. Johnson
J.A. Blackwood-Reid
Chief executive officer & Company secretary K.R. Davis
Registered Office
33 Lower Hall Lane
Walsall
West Midlands
WSI IRR
Independent Examiners
DJH Walsall Ltd
3. Floor International House
20 Hatherton Stfeet
Walsall
WS4 2LA
Page I

VINE TRUST WAiSALL IREGISTERED NUMBER 043702891
Trustees. Annual Report
Year ended 31s1 August 2023
The Trustees. who are also directors of the charity for the purpose5 of the Companies Act, present their
report and the financial statements of the charity for the year ended 31° August 2023. The trustees have
adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by
Charities" {FRS 1021 in preparing the annual report and financial statements of the charity.
Trustees of the charity
The directors of the charitable company are its trustees for the purposes of tharity law. The trustees who
have served during the year and since the year end were a5 follows:
P.B.J. Powell (Chair- August 20231
M.A.Harland (Vice Chairl
J.P. Sargent
D. Lomax
L.A. Johnson (Chair-september 20231
l.A. Blackwood-Reid
J.R. Tipper Iresigned December 20221
CEO & Company Secretary
K.R. Davis
Objetlives and artivlties
Ine Trust Group Vision
'Our work with young people will be o cotofystfor Christ centred community tronsformotion,
Wine Trust Group mI￿lon
'Preparing young peoplefor life ond godliness.
Objectives
To odvunce the Christi¢in religion among women andyoung people of either sex,
To t7dvonce rheir educotion.
To relieve their povert
To provide focilities for recreationol ond other leisure time occupotion for the said per50n5 irrespective of
ethnic origtin, gender or religious belief. in the interests of social welfare and with the objectof improving their
conditions of life,
Operations
l. Empowerment - The aim is that our work with young people can be a catalyst for community
transformation.
2. Education - To promote a learning culture via the development of a wider range of learning opportunities
and training programmes. which will equip young people with confidence, aspirations, skills and the
qualifications required to reach their goa15 and sustain employment.
Page 2

VINE TRUST WALSALL {REGISTERED NUMBER 04370289)
Trustees, Annual Report
Year ended 31st August 2023
3. Engagement- To engage all young people in positive activities which will enable them to participate and
be respected as responsible citizens in the community offering them access to specialist information, advice
and guidance.
4. Employment- To work with partners to provide programmes which will prepare and supportyoung people
for the world of work.
5. Enterprise- To model sustainability by growing market share. and developing new sewi￿5 and products,
to increase the Trust's economic value and impact within the community.
For such other charitable purposes according to the law5 of England and Wale5 in such parts of the United
Kingdom or the world as the dirertors in their absolute discretion may from time to time decide.
History
The Vine Trust Walsall was conceived in 1989 as a direct result of the farsighted vision of local churches. Their
conception was based around their concern that the system had failed to deal adequately for an increasing
number of the youth of Walsall, who were seen a5 a burden to society in general. They purchased the derelict
Vine Inn. to be a positNe base for young people. The 'Vine Trust. was born. The Christian ethos is the
foundation of the Vine Trust and is the Motivation in providing young people with the necessary education,
training and practical skills leading to permanent employment and fulfilling lives.
Public benefit ststement
The Trustees have paid due regard to the Charity Commission's guidance on public benefit when examining
their aims, objectives and future plans of the organisation.
Principle l.a. What are the benefits?
The identifiable benefit or benefits are recognised from the quantifiable improvements we have made in the
situations and opportunities for young people classed as hard to engage, and the challenging of negative
ttitudes in the communities in which they live.
Principle l.b. The Benefits os reloted to our oims
Outcomes
Young people can be a catalyst for community transformation
Young people can reach their full academic and vocational potential
Every young person can be employed without impediment
Every young person in our sphere of influence will be able to make informed decisions for work, training
lifestyle and faith
Principle l.c. Ensuring our work deliver5 our aims
We review our aims, objectives and activities each year. In this year, we continue to embed the group's 5-
year plan. The plan focusses on key areas of work and the benefits to the young people we have set out to
help. We have referred to the guidance contained in the Charity Commission's general guidance on Publi
Benefit when reviewing our aims and activities and planning our future activities, and are satisfied our
activities pose no detriment or harm (Principle Icl
Page 3

VINE TRUST WALSALI (REGISTERED NUMBER 04370289)
Trustees. Annual Report
Year ended 31st August 2023
Principle 2. Who used ond benefittedfrom our services
Benefit to the public.
Through its strategic oversight, the Vine Tnjst has worked to ensure these young people acce55 education.
SUPPOrt, counselling. positive activities and work skills programmes. with the airn to get them back into
mainstream education. at schools or colleges or into further training and work.
STRATEGIC REPORT
During 2022123 The Vine Trust has sought to respond to the need5 of young people. by 'preparing thern for
life and godliness,. From initiatives in Education, (through its Mercian multi academy Trust) and to a range
of Social Enterprises (coffee shops. events. workspace letting) and employer awareness initiatives, to
transform Employment opportunities for Young People (through our Ladder campaigns). The Group have
sought to Empower its communities to make it suitable foryoung people. through the themes of Live, WorK
play. Learn, and Worship.
Achievements and performance
Employment
The Ladder Apprenticeship Foundation a Subsidiary of the Vine Trust Walsall, part of the Vine Trust Group,
which we also trade as, promotes social mobility through education and work.
Building on the success of the regional campaigns (London. Black Country, Birmingham. Staffordshire,
Shropshirel and through the support of our delivery partners. media partner, and patrons. the Ladder
Apprenticeship Foundation is our social mobility initiative, championing locally, the creation of
apprenticeships and vocational learning through regional newspaper campaigns and events. The Foundation
is rooted in its aim to develop models of artivity, which support its strategy to "Engage. Educate & Emplo
young people across the UK.
Our delivery Partners manage our approved clearing houses in each campaign area. In Coventry &
Warwickshire, it is Coventry and Chamber Training. in the Black Country and Greater Birmingham, it is
Performance Through People, and in Shropshire & Telford it is SBC Training.
We are pleased to continue our West Midland's campaigns in greater Birmingham. Black country. and
Coventry and Warwickshire. This year. saw the close of our 3r6 phase of the Shropshire Campaign. with our
partners, we are exploring a 4, phase. as and when funding is realised.
The Mercian Trust oversee and run.the Ladder Alternative Provision School, and its newly constiucted
building in the St Matthews Quarter of Walsall. which achieved a 'Good OFSTED outcome this year.
With our Clearing House Partne.r Performance Through People. and the support of the Greater Birmingham
Local Enterprise Partnership, the Ladder Skill academy was opened by Mayor Andy Street.
The new Academy offers young people the opportunity to have a go at a variety ofcareers, gaining
experience in construction, modern manufacturing, digital technology. dentistry. retail, childcare and
healthcare.
Page 4

VINE TRUST WALSALL {REGISTERED NUMBER 043702891
Trustees, Annual Report
Year ended 31st August 2023
The Academy was visited throughout the year byyear 11 and 13 students, who had the opportunity to
undertake a variety of have-a-go sessions.
The Ladder Skills Academy* will form part of the Ladder Legacy in Birmingham, working with over 70
partner5 including independent training providers, colle6es. universities. and employers.
We will be providing a one-stop shop focusing on supporting individuals and especially young people aged
between 16 to 29. We are working to raise aspirations, offering independent and appropriate information
and guidance to develop the next generation of skn.lled workers. leaders. and entrepreneur5.
Schools will be offered the opportunity to bring their students to the Academy to undertake 'have a EO,
sessions outside the traditional academic settin& promoting all career pathways.
With our Black Country media partner. Midlands News Association, we brought our first awards to the sub
region. Our headline sponsor was Wolverhampton City Council, and saw apprentices. employers and
training providers gather in the tity of Wolverhampton to celebrate apprenticeships.
Enter prlse
Vine Workspaces- 33 Lower Hall Lane
The Trust's Lower Hall Lane site has an extended facility to the original Vine building, which has provided, in
keeping with the charitvs objects. We are pleased to continue to house further tenants in Wa15all Money
Advice, the Message Trust, and Walsall Community Church. We also welcomed Love Walsall to the space.
part of Love 81ack Country charity which seeks to see the spiritual. 50tial. economic and ecological
transformation of the Black Country.
The Trust restaurant space continues to be leased by TheTzble Cic. to run a coffee shop. with a commitment,
to still be a meeting place for the community, and train young people.
Education
Mercian Trust
The Vine Trust Walsall is a founding Member of the Mercian Trust. a 'co-owner' alongside the Queen Mary's
Foundation.
The Trust 15 a company limited by guarantee and an exempt charity. The charitable company's articles of
association are the primary governing documents of the Trust, and with the formation of the multi
academy trust on l January 2018. new articles were adopted then, which were approved by the Secretary
of State for
Education. These provided for five members as follows=
Queen Mary's Schools Foundation
Two persons appointed by Queen Mary'5 Schools Foundation
Irine Trust Walsall
One person appointed by Vine Trust Walsall
The Trust is governed by the Trustees who are appointed as follows=
Two trustees appointed bythe members
Three trustees appointed by the Foundation
Two trustees appointed by Vine Trust W3lsall
Trustees co-opt additional trustees with the consent of a majority of the members.
Page 5

VINE TRUST WALSALL (REGISTERED NUMBER 04370289)
Trustees, Annual Report
Year ended 315t August 2023
The above appointee5 act as trustees for the charitable actNities of the Trust and are also the directors of
the charitable company for the purposes of company law.
Two trustee5 (who had previously serve(i on the Quaerere Academies Trust board) were co-opted onto the
Board following the Trust mergeron 1st May 2022. where the 3x 03 Academies transferred into The Mercian
Trust.
The Members approve the chair. of the board of Trustee- Directors. currently Kevin Davis Ivine Trust CEO),
who chairs a board of up to 13 Trustees.
Kevin Davis as Board Chair also chairs the meetingof the chairs of the Mercian Local Goveming Bodies ILGBSI,
and line manages the Trust CEO'S.
Responsibility for day-to-day leadership and management of the Trust is delegated to the CEO loan Parkesl,
senior leaders in the Central Team and the Head teachers of each of the TrusY5 schools.
The Mercian Trust multi academy trust operate5 9 academies across Walsall and Sandwell, including 6 x 11-
19 academies. a 11-16 academy. a 14-19 Studio School and an 11-19 Alternative Provision Free School.
The schools in the Trust are..
Aldridge School
Queen Mary's Grammar School
Queen Mary's High School
Shire Oak Academy
Walsall Studio School (founded by the Wine Trust Walsall
The Ladder School, Walsall Ifounded by the Vine Trust Walsall)
03 Academy Great Barr Academy
03 Academy Langley Academy
03 Academy Tipton Academy
The Trust has a combined pupil capacity of 10,61XI and had a roll of 9,689 in the school census on 6 October
Z023 {including post 161. and circa 900 staff.
The balance sheet investment represents the charity's interest in The Mercian Trust a Multi Academy Trust
IMATI. with effectively two voting member seats, and The Queen Mary's Foundation with effertively three
voting member seats. From the 'significant Influence, that its two seats lone corpK)rate membership and one
individual appointee) gives, the interest in The Mercian Trust Stated at 40% of its total restricted funds.
according to its Audited Account5.
The investment is restricted as representinggovernment funding solely for the purpose of educating students
in the Mercian Trust Schools.
During the year the MAT ExecutNe.Team including head teachers held meetings each half term to discuss
all aspect5 of the Trust's work, develop strategy and refine proposals to the board of Trustees. Whe
course of action requires significant expenditure (capital projects. staffin& etc.) or more detailed scrutiny of
educational impart, they refer decisions through the appropriate committee.
The Vine Trust, and the Queen Marfs Foundation. jointly approve the annual accounts, the make-up of the
board of Director5 1 Trustees. and meet regularly with their approved chair, and the CEO who is the
Accounting Officer.
Page 6

VINE TRUST WALSALL (REGISTERED NUMBER 043702891
Trustees. Annual Report
Year ended 31st August 2023
Building on the significant growth via trust merger in the previous year, the most significant achievement5 in
this period have been consolidating the work of the Trust to enable successful schools. This has included the
provision of school improvement support. teacher development and staff continuous professional
development and the Trust's multi-disciplinary team of clinicians and therapists to support vulnerable
students and students
with SEND.
3 of our schools were inspected during this period.
Q3 Academy Tipton was judged Good in 3 of 5 judgements and rated Requires Improvement overall.
Queen Mary's Grammar khool was judged to be Outstanding in all judgements in its first inspection
for more than a decade.
The Ladder School was judged to be Good in all judgements in its first inspertion since opening irb
2019
As the founder of the Ladder school, and Walsall Studio School. (now operating as Studio School and Sixth)
the Vine Trust nominates and approves the appointments of the Local Governing Body. and Head Teachers.
The Ladder Alternative Provision School, envisioned by CEO Kevin Davis. is named after the Trust's Ladder
initiative, and we welcomed the completion of the St Matthew5, Educ3tion Quarter. with the build for the
Ladder school, and a long awaited extension for Walsall Studio School. named after Vine CEO. and Mercian
Chair- Kevin Davis.
Engagement
The Trust has continued to work with partners to promote the economic inclusion and social mobility agenda
in the St Matthe￿5 Quarter, and the wider Black Country. To this end, CEO Kevin Davis serves on the Walsall
Town's Board, steering the regeneration and recovery of the Town. which also includes the St Matthews
Quarter, where the schools, and the Vine, Lower Hall Lane building are located. Working with the Mercian
Trust Kevin Davi5 has secured a circa £IM investment to acquire and develop a row of shops in the Quarter.
This Digital Skills Hub will be the third academic facility in the developed area. The CEO'S non-exec role with
the Black Country Local Enterprise Partnership. ha5 seen the Trust'5 'Economy of Togetherf strategy
integrated into the LEP.
Reserves Policy
The Trustees have examined the tharitys requirements for reserves in light of the main risks to the
organisation. It has established a policy whereby the unrestricted funds not committed or invested irb
tangible fixed assets held by the charity should be where po55ible be approximately 3 month5 of the
expenditure. The Trustees had decided that the proceeds of sale of the Goldmine Centre, would be used to
underpin this policy.
The purpose of the reserve is:
To keep sufficient in general reserves to cover approximately 13 weeks expenditure.
To capitalise on opportunities and future needs.
To meet substantial redundancy costs in the event of the winding up of the Charity.
Support with Cashflow challenges.
The reserves where possible are rbeeded to meet the working capital requirement5 of the charity and the
Trustees are confident that at this level they would be able to continue the current activities of the charity in
Page 7

VINE TRUST WALSALL (REGISTERED NUMBER 04370289)
Trustees, Annual Report
Year ended 31st August 2023
the event of a significant drop in funding. The present level of reserves available to the charity falls
significantly short of this target level. Although the strategy is to continue to build reserves through planned
operating surpluses, the Trustees understand it unlikely that the target range can be reached for at least
three years, hence the move to sell the Vine Building. In the short term. the Trustees have curtailed existing
artivitie5 and expenditure.
The reserves policy is to be reviewed annually at the Annual General Meeting prior to the publication of the
annual ￿pOrt.
Plans for I￿￿re periods
The creation of both the Mercian Trust. and The Ladder Apprenticeship Foundation, ha5 enabled the Vine
to become a strategic organisation. With the LEP'S dissolved in 2023, the Trust. continues to seek greater
dissemination of the Economy of Together with wider partners. to create
an equal and equitable Black Country
a bettereducated Black Country
a more enterprising Black Country, with greater social responsibility
and a healthier Black Country that is environmentally friendly
It will continue to oversee the Mercian Trust. and the La(Jder 3pprentice5hip Foundation.
Structurei governance and manazement
Vine Trust Walsall is the 'parent' or controlling member of a group of charitable companies trading overall as
the Vine Trust Group. The Group board of Trustee Directors consists of dirertors of the Subsidiary boards as
well as independent Vine Trust Walsall members. Members are responsible individually and collettively for
overseeing the conduct and affairs of the charity. and for supeNising Group manègement. to whom the
Board had delegated certain authority for the day-to-day conduct of the charity.
They are also responsible for-
Strategic Planning Process
Operating Planning
Monitoring Senior Management
Monitoring the Effectivene55 of the Board and it5 Committees
Setting and Monitoring the Effectiveness of Corp)rate Policies
Managing Risk
The Integrity of Corporate Internal Control and Management
Overseeing Information System5
Overseeing Communications Policy
Partner Board
Mercian Trust- Two Vine Trust directors of the board are part of the Members board.
Chief Executive Officer
The office of the Group Chief Executive ICEOI is the senior officer of the Group Trust and has delegated
powers from the ￿ard of Trustee Directors, to manage the strategic and operation.
Page 8

VINE TRUST WALSALL (REGISTERED NUMBER 043702891
Trustees, Annual Report
Year ended 31sl Au8USt 2023
The charity is controlled by its governing document, a deed of trust and constitutes a limited company.
limited by guarantee. as defined by the Companies Act 1985. It operates as an innovative faith inspired
Charitable company, working to support and elevate the lives of 'hard to reach. young people113-25 year
olds).
Truslee5 Re5F￿nsibilitieS
The Trustees Iwho are also directors of Vine Trust Walsall for the purposes of company lawl are responsible
for preparing the Trustees. Annual Report and financial statements in accordance with applicable law and
United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the tharitable company for that period. In preparing
these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the method5 and principles in the Charities SORP 2019 IFRS 102}.
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed. subject to any material
departures disclosed and explained in the financial statement5.
prepare the financial statements on the going concern basis unle55 it 15 inappropriate to presume that
the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records, which disclose with reasonable
accuracy at any time the financial p051tion of the charitable company and to enable them to ensure that the
financi31 statements comply with the Companies Act 2(K16. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
The trustee5 have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
On an annual basis the trustees attivety review risk in terms of the following areas..
governance and management, operational. finan￿. environmental and external risk, and legal
regulation compliance
This information is then used to develop a risk management Strate￿ for the organisation. including the
identification of existing controls in operation ènd any new controls the trustees consider necessary.
The current risk management strategy forms part of a planning process, against which the trustees review
progress formally every six months within the context of a four-year strategic business plan.
The trustees are satisfied that adequate systems and procedures are in operation to mitigate against the
major risks fa￿d by the charity should any of these risk5 materialise.
In approving the Trustees, Annual Report, we also approve the Strateeic Report included therein, in our
capacity a5 company directors.
Page 9

VINE TRUST WALSALL (RÉGISTERED NUMBER 04370289)
Trnstees. Annual Report
Year ended 31st AuEUSt 2023
On behalf of the board
L John50n
Chair
Date...
Page 10

THE VINE TRUST WAiSALL AND SUBSIDIARIES IREGISTERED NUMBER 04370289)
Independent Examinerfs Report to the Members and Tntstees
Year ended 31st AuEust 2023
I report to the charity trustee5 on my examination of the accounts of the company for the year ended 31"
August 2023 which are set out on pages 12 to 25.
R￿POnsIbl11t1eS and basis of report
As the charity trustees of the company land also tt5 directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061'the 2006 AcY}.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination. I report in respect of my examination of your
company's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out
my examination I have followed the Directions given by the Charity Commission under section 1451511bl of the
2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to rny attention in connection with the
examination giving me cause to be15eve that in any material respect..
atcounting records were not kept in respect of the company as ￿quired by section 386 of the 2006
Act,. or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the accounting requirements of section 396 of the 21X)6 Act other
than any requirement that the accounts give a 'true and fair Vie￿ which is not a matter considered as
part of an independent examination,- or
4. the 3ccounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Prattice for accounting and reporting by charities lapplicable to charities preparing
their accounts in accordance with the Financhal Reporting Standard applicable in the UK and Republic
of Ireland IFRS 10211.
I have no concerns and have come across no other matters in connection with the examination to which
attention strK*uld be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
John Davis FCA Ilndependent Examine
For and on behalf of
DJH Walsall Ltd
3rd Floor International House
20 Hatherton Street
Walsall
WSI 2LA
zs
2024
Page 11

THE VINE TRUST WALSALL ANO SUBSIDIARIES (REGISTERÉD NUMBER 043702891
Consolidated Statement of Financial Arti¥itres (including Income and Expenditure Account)
Year ended 31st August 2023
2023
2022
Note Unrestricted
Funds
Restricted
Furbds
Total Funds
Total Funds
Income and endowments frorn:
Government grants: JRS Scheme
WM8C Covid SUPFlOrt
Donations ènd legacies
Charitable activities
2,471
4.410
8.2LM)
56,155
2.350
4,410
8,200
56,155
2,350
8.176
5.915
50,242
Other trading activities
Other
Total intome and endowments
71,115
71.115
66,804
Expenditure on:
Charitable activities
116.895
116,895
113,906
Total expenditure
116.895
116,895
113,906
Net Eains on investments
16
4,033,098
4,033,098
25,704,917
Net income l (expenditure)
145,7801
4,033.098
3,987.318
25,652,823
Other recoEnised Eainslllossesl".
Losses on revaluation of fixed assets
Net movement in funds
145.7801
4,033.098
3,987,318
25.652,823
Reconciliation of funds:
Total funds brought forward
320.561
46,620,917
46,941,478
21,290,454
Total funds carried forward
274.781
50,654.015
50.928,796
46,943,277
All income and expenditure derive from continuing activitie5.
The Statement of Financial Attivities include5 all gains and105ses recognised in the year.
Page 12

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Consolidated Balance Sheet
Year ended 31st August 2023
Note
2023
2022
Fixed A55ets
Tangible assets
Investments
13
15
384,916
50.654.015
386,736
46.620,917
51.038.931
47.007,653
Current Assets
Debtors
Cash at bank and in hand
16
24.962
423
26.079
3,190
25.385
29.269
Creditors
Amounts falling due within one year
17
{76.5201
136,444}
Net current wetsllliabilities)
{51.1351
17,1751
Total assets less current liabilitie5
Creditors
Amounts falling due after more than one
year
50,987,796
47,000,478
18
159,0(Kll
159,0001
50.928.796
46,941,478
Charity Funds
Unrestricted funds
19
274.781
320,561
Restricted capital funds
19
.654,015
46,620,917
50.928,796
46,941.478
For the financial year in question, the tompany was entitled to exemption under section 477 of the Companie5
Act 2006 relating to small companies.
No member5 have required the company to obtain an audit of its accounts for the year in question in
accordance with section 476 of the Companies Att 2￿6.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to
accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subjert to the
small companies, regime.
The financial statements were approved by the Board of Trustees on
signed on its behalf by..
2024 and were
L Johnson
Trustee
The note5 form part of these financial statements
Page 13

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 043702891
Charity Balance Sheet
Year ended 31st August 2023
Note
2023
2022
Fixed A55els
Tangible assets
14
384.916
386,736
Current A55ets
Debtors
Cash at bank and in hand
16
95,366
382
88,242
I,ioi
95,748
89.343
Creditors
Amounts falling due within one year
17
{73.8211
134.6441
Net current assetsllliabilities}
21.927
54,699
Totsl asset5 les5 current liabilities
Creditors
Amounts falling due after more than one year
406,843
441,435
18
159.0001
159.0001
347.843
382,435
Charity Funds
Unrestricted funds
Restrirted f unds
347.843
382,435
347.843
382,435
For the financial year in question. the company was entitled to exemption under section 477 of the Companies
Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in
accordance with section 476 of the Companie5 Act 2(KJ6.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to
accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies Subject to the
small companies. regime.
The financial statements were approved by the Board of Trustees on
signed on its behalf by-
2024 and were
L johnson
Trustee
The notes fom) part of these finantial statements
Page 14

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Consolidated Statement of Cash Flows
Year ended 3tst August 2023
Note
2023
2022
Net cash flo￿ frorn opefating artivities
22
14,075.0251
125,738,869)
Cash flows fvom Investlng artNities
Purchase of tangible fixed assets
Change in tangible fixed asset investments
14
14
15.905}
25,704,917
4.033,098
Cash flow5 from financing activities
Interest paid
13
IDecreasel in cash and cash
Equivalents in the year
141,9271
139,8571
cash.and cash equivalent at I September 2022
116.S531
23.304
Cash and cash equivalents at 31 August 2023
{58.4801
116,5531
Page 15

THE VINE TRUST WALSALL AND SUBSIDIARIES IREGISTERED NUMBER 043702891
Note5 to the Financial Statements
Year ended 315t August 2023
Accounting Policie5
General information and basls of preparation
Vine Trust Walsall is a charitable company incorporated in England. In the event of the charity being
wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The
address of the registered office is given in the charity information or) page l of these financial
staternents. The nature of the chèrivs operations and principal activities are to empower, educate,
engage, and employyoung people.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and ReFK)rting by Charities- Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019. the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities
Act 2011, the Companies Art 2(M)6 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concem basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are presented in sterling which
is the functional currency ot the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
Basis of consolidation
The group financial statements consolidate the accounts of the Company and its subsidiary
undertakings. Intra-group transattions and profits are eliminated on consolidation.
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The cost of raising and
administering such funds are charged against the Specific fund. The aim and use of each restritted fund
is set out in the notes to the financial statements.
Income
All incoming resources are included in the SOFA when the charity is legally entitled to the income after
any performance conditions have been met. the amount can be measured reliably and it is probable
that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of
performance before entitlement can be obtained then income is deferred until those conditions are
fully met or the fulfilment of those conditions is Within the control of the charity and it is probable that
they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP IFRS 1021.
Page 16

THE VINE TRUST WALSALL AND SUBSIDIARIES IREGISTERED NUMBER 04370Z89)
Notes to the Financial Statements
Year ended 31st August 2023
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure 15 reco8nised where there is a legal or
constructive obligation to make payments to third parties, it is probable that the settlement will be
required and the amount of the obligatK>n can be measured reliably. It is categorised under the
following headings-
Costs of raising funds
Expenditure on charitable activities includes provision of personal coaching services.. and
Other expenditure represents those item5 not falling into the categories above
Irrecoverable VAT is charged as an expense against the activity for which expenditure ar05e.
Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include office costs, governance costs, administrative payroll costs. They are incurred
directly in support of expenditure on the objerts of the charity and include project management
carried out at Headquarters. Where support costs cannot be directly attributed to partic¢Jlar headings
they have been allocated to cost of raising funds and expenditure on charitable activities on a basis
consistent with use of the resources.
The analysis of these costs is included in note 7.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write of each asset over its useful
economic life.
Land and buildings
- not depreciated
Motor vehicles. fixfures etc
- 20% to 25% on cost
Freehold land and buildings are stated at valuation in 2019 carried out by Cosnett Price Chartered
Surveyor5. The Trustees have reviewed the carrying value for impairrnent.
Investments
Investments are recogni5ed initially at fair value which is normally the transaction price excluding
transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains
I Ilossesl on investments, in the SOFA if their fair value can be measured reliably-
Debtors and treditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Loans and borrowings
Loans and EM7rrowings are initially recognised at the transartion price including transaction costs.
Subsequently. they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's
cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised in profit or105s unless the asset 15
Page 17

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 043702891
Notes to the Financial Statements
Year ended 31st August 2023
carried at a revalued amount where the impainnent loss is a revaluation decrease.
Leasing commilments
Renta15 paid under operating leases are charged to the statement of financial activity on a straight line
basis over the period of the lease.
Employee beneflts
Where employees have rendered seThice to the charity. short term benefits to which the employees
are entitled are recognised at the undiscounted amount expected to be paid in exchange for that
service.
Pension benefrts
The charity contributes to a defined contributkon pension scheme for ￿rtain members of staff.
Contribution5 are expensed as they become payable.
Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph l Schedule 6 Finance Act 2010 and therefore it meets
the definition of a charitable company for UK corporation tax purposes.
Going concern
As shown in the financial statements the Group had a net deficit on unrestrirted funds of £45,780 for
the year and at 31 August 2023 had unrestrirted funds of £274.781. The Group have prepared income
and cash flow projections for a period of 12 months. On this basis and on indications from supporters
that they will continue to provide additional financial resources as required, the Trustees consider it
appropriate to prepare the financial statement5 on the going concern basis.
Income from donation5 and legacies
2023
2022
Donations
Unrestricted- General
4,410
8,176
All of the above income was attributable to unrestricted funds.
Incorne from charitable artivities
2023
2022
Restaurant
Ladder School
8,200
5,915
Total
8,200
5,915
All of the above income was attributable to unrestricted funds.
Page 18

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st AuEust 2023
4. Income from trading artivities
2023
2022
Property cost recharges
Support cost retharges
Other
26.072
30.083
18,222
30,583
1,437
Total
56,155
SO,242
All of the above income was attributable to unrestricted funds.
5. Other income
2023
2022
Photocopier usage
2,350
£2,35012022= £Nill of the above income was attributable to restricted funds.
Analysis of expenditure on charitable activities
Direct
Costs
Support
Costs
Total
Property
Support
Ladder
30.676
48.630
1,940
31,929
3,660
62.605
52,290
2,000
Total
81,246
35.649
116,895
Page 19

THE VINE TRUST WALSALI AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st August 2023
Charilable activities cost
2023
2022
Wages & salaries
Training
Rent, rates & water
Insurance
Heat & light
Repairs & maintenance
Advertlsing & marketing
Post, print & stationery
Telephone
Travel, subs & entertaining
General expenses
Legal & professional fees
Cleaning
Depreciation
Governance
38.141
53,456
1,375
4,707
5.129
13.808
11,303
3.150
8,100
6,562
28
108
1,200
4,700
1,086
4,186
778
3,522
28,847
8,674
8,397
6,169
163
3,626
1,820
8,918
Total
116,895
118,898
Governance costs
2023
2022
Professional fees
Independent ExamiTTration Fees
Bank charges and interest
3,525
5,393
3,4
786
Total
8.918
4,186
Net income for year
Net income is stated after charging=
2023
2022
Depreciation of tangible assets
Change in fair value movement of investments
Profit on sale of tangible asset5
1.820
1,086
14,033,098) 125,704,917)
io.
Independent Examiners remuneration
The independent examinerfs remuneration amounts to a fee of £3,52512022= £3,400) and for accounts
and others services £Nil12022- £Nill.
Page 20

THE VINE TRUST WALSALL ANO SUBSIDIARIES IREGisfERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st August 2023
ii.
Trustees. and key management personnel remuneration and expenses
The trustees neither received nor waived any remuneration during the year12022: £Nill.
The trustees did not have any expenses reimbursed during the year12022- £Nill.
The total employee benefits (including employer pension contributions) received by key management
personnel 15 £26.60812022.. E36,6041. The Trust conshlers its key management personnel to be the
Chief Executive Officer.
12.
Staff costs and employee benef
The average number of employees and full time equivalent {FTEI during the year was as follow5..
2023
2023
2022
2022
FTE
Number
FTE
Number
Charitable activities
The total staff costs and employee benefits were as follows=
2023
2022
Wages and salaries
Social security costs
Pension costs
37.042
50,71S
1.276
1,465
1,099
Total
38,141
53,456
No employees receNed total employee benefits (excluding employer pension c05tsl of more than
£60.000.
Page 21

THE VINE TRUST WALSALL AND SUBSIDIARIES IREGISTERED NUMBER 043702891
Notes to the Financial Statements
Year ended 31st Augusi 2023
13.
Tangible Fixed Assets- Group
Land &
Building5
Plant &
Machinery
Total
Cost
At I September 2Q22
Additions
Di5posa15
593.477
180.636
774.113
At 31°August 2023
593,477
180,636
774,113
Oepreciation
At I" September 2022
Charge for year
Depreciation on disposal
213,477
173,9(K)
1,820
387,377
1,820
At 31 August 2023
213,477
175.720
389,197
Net Book Values
At 31" August 2023
380,CX)O
4.916
384.916
At 31" August 2022
380.000
6.736
386.736
14.
Tanglble Fixed Assets- Charity
Land &
Buildings
Plant &
Machinery
Total
Cost
At I" September 2022
Additions
593.477
180,636
774,113
At 31. August 2023
593.477
180,636
774.113
Depreciation
At I" September 2022
Charge for year
Depreciation on disposal
213.477
173,900
1,820
387.377
1,820
At 31" August 2023
213,477
175.720
389,197
Net Book Values
At 31 August 2023
380,000
4.916
384,916
At 31" August 2022
380,000
6,736
386,736
Page 22

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st Augusl 2023
15.
Fixed Assets Investments
Other
Investment5
Valuation
At I" September 2022
23,919,(XJO
At 31 August 2023
23,919,LNyJ
Impairment
At I"September 2022
Gain in year
122,701,917)
14,033,098)
At 31 August 2023
126,735,015)
Carrying arnount
At 31" August 2023
50,654,015
At 31° August 2022
46,620,917
The investment represents the chariws interest in The Mercian Trust a Multi Academy Trust IMATI
formed by a group of Government funded schools working together under a common banner and an
overarching strutture of governance. It has, as its members. The Vine Trust Walsall, with effectively two
voting member seats, and The Queen Marfs Foundation, with effecttvely three voting member seats.
From the 'significant Influence, that its two seats lone corporate membership and one individual
appointee) gives, the interest in The Mercian Trust is stated at 40% of its total restricted Funds at 315t
August 2023 according to the Audited Accounts. Its registered office address is Mercian House, Sutton
Road, Walsall. WSI 2PG. At the year end. the aggregate reserves of The Mercian Trust amounted to
£128.903,037 12022: £119,486,895} of which £126.635,037 12022= £116,552,293) were restricted,
following an increase in funds of £9.416.142 for the year12022= increase of £64,814.1131-
The investment is restricted a5 representing government funding solely for the purpose of educating
students in the Mercian Trust Schools.
16.
Debtors: Am(wnts falling due within one year
Group
Charity
2023
2022
2023
2022
Trade debtors
Amounts owed by group companies
Prepayment5 and accrued income
Other debtors
22.193
11,314
22.193
70,404
2.769
11,313
62,164
2,884
11,881
2.769
11.881
Total
24,962
26.079
95.366
88,242
Page 23

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370Z89)
Notes to the Flnancial Statements
Year ended 31st August 2023
17.
Creditors: Amounts falling due within one year
Group
Charity
2023
2022
2023
2022
Bank loans and overdrafts
Trade creditor5
Taxation and social security
Actruals and deferred income
Other creditors
58,904
7.340
224
9,448
605
19,743
9.177
58,904
7.340
224.
6,747
605
19,743
9,177
6.163
1,361
4,363
1,361
Total
76.521
36,444
73,820
34,644
18.
Credilor5: Amounts falling due after more than one year
Group
Charity
2023
2022
2023
2022
Other creditors
59,1Y)O
59.000
s9.C￿0
59,000
19.
Fund Reconciliation
Balance at
1" Sept
2022
Income
Expenditure
Gains I
(Losses)
Balance at
31 August
2023
Unrestricted Funds
General funds
320.561
71.115
1116,8951
274.781
320.561
71.115
1116,8951
274.781
Restricted Capital Funds
Mercian Trust
46,620,917
4,033,098 50,654,015
46.620,917
4,033.098 50,654,015
46,941.478
71.115
{116.8951
4.033,098 50,928,796
Page 24

THE VINE TRUST WALSALL AND SUBSIDIARIES IREGISTERED NUMBER 04370289)
Notes to the Financial StatemeTrt5
Year ended 31st August 2023
20.
Analysis of net assets between funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
Tangible fixed assets
Current assets
Current liabilities
Creditors falling due after more than one year
384,916
25,385
176,5201
159.OCM)I
50.654.015
51.038,931
25,385
176.5201
159.0001
Total
274,781
SO,654,015
50,928,796
21.
Reconciliation of net rnovement in funds to net cash flow from operating activitie5
2023
2022
Net lexpenditurel for the year
Interest payable
Depreciation and impairment of tangible fixed assets
Gains on investments
Profit on sale of fixed assets
Deuease in debtors
Increase in creditors
145.7801
152,0941
1,820
1,086
{4.033,0981 125.704.9171
1,117
916
8,221
8,834
14.075.025) 125,738,870)
22.
Pensions and Similar Obligati(v
The charity operates a defined contribution pension plan for its employees. The amount recogni5ed as an
expense in the period wa5 £1,09912022.. £1.4651.
23.
Ultimate controlling party
During the year. the Charity was under the control of the Trustees.
24.
Tran5artions with Trustees
At 31" August 2023 the charity owed £26.c￿ (2022.. £26.OCQ) to House on the Corner, and
£33,00012022= £33,0￿} to Bentley Beginnings, charities in which P B Powell is a trustee.
The Company has taken advantage of the exemptions contained within Financial Reportirbg Standard
No.8 not to disclose intra-group transactions on the basis that all subsidiaries are 100% owned and all
transactions with other Group companies are eliminated in the consolidated financial statements.
Page 25