REGISTERED COMPANY NUMBER; 04370289
REGISTERED CHARITY NUMBER: 1093838
Report of the Trustees and
Con501idated Financial Statements for the year ended 31st August 2024
for
THE VINE TRUST WALSALL AND SUBSIDIARIES
DJH Wa15all Ltd
3rd Floor International House
20 Hatherton Street
Walsall
West Midlands
WS4 2LA

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Contents of the Consolidated Financial Statements
for the year ended 31st August 2024
Page
Charity Reference and Administrative Details
Trustees Annual Report
Independent Examiners Report
Consolidated Statement of Financial Activities
Consolidated Balance Sheet
Charity Balance Sheet
Statement of Cashflows
10
Notes to the Financial Statements
li

THE VINE TRUST WALSALL AND SUBSIDIARIES {REGISTERED NUMBER 4370289)
Charity Reference and Administrative Detalls
Year ended 31st August 2024
Incorporation
8" February 2002
Charity registration number
1093838
Company registration number
04370289
Director5
M.A. Harland
P.B.J. Powell
J.P. Sargent
D. Lomax
L.A. Johnson
J.A. Blackwood-Reid
Chief executive officer & Company secretary K.R. Davis DL
Registered Office
33 Lower Hall Lane
Walsall
West Midlands
WSI IRR
Independent Examiner
John Davis FCA
DJH Walsall Ltd
3 Floor I nternational House
20 Hatherton Street
Walsall
WS4 2LA
Page I

VINE TRUST WALSALL {REGISTERED NUMBER 04370289)
Trustees, Annual Report
Year ended 31st August 2024
The Trustees, who are also directors of the charity for the purposes of the Companies Act, present their
report and the financial statements of the charity for the year ended 31, August 2024. The trustees have
adopted the provisions of the Statement of Recommended Practice {SORP) "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 charity13w. The trustees who
have served during the year and since the year end were as follows:
L.A. Johnson (Chairl
M.A. Harland {Vice Chair)
P.B.J. Powell
J.P. Sargent
D. Lomax
J.A. Blackwood-Reid
CEO & Company Secretary
K.R. Davis DL
The Vine Trust co-owns the Mercian Trust alongside the Queen Mary's Foundation, holding equal
responsibility and strategic oversight. As a founding partner, the Vine Trust actively participates in
governance, leadership decisions, and the strategic direction of Mercian, reinforcing our collective
commitment to enhancing educational outcomes across all member academies.
Trustee Report (by L.A. Johnson, Chair)
On behalf of the Trustees, l am pleased to report on another successful year of impactful activity and
strategic development. The Vine Trust continues to positively impact young people's lives through targeted
initiatives in employment, education, community engagement, and enterprise,
We congratulate our CEO. Kevin Davis DL, on his prestigious appointment as a Deputy Lieutenant for the
West Midlands, recognising his outstanding contributions to our community and beyond. This honour
further exemplifies the Trust's commitment to leadership and excellence.
l also wish to thank my fellow Trustees for their continued commitment, support, and strategic oversight
throughout the year.
Looking ahead, we are excited by the strategic decisions made this year. notably our transition at Lower
Hall Lane, which represents 3 Plvotal moment aligning our assets with broader strategic ambitions.
Strategic Report (by K.R. Davis DL, Chief Executive)
During 2023124, the Vine Trust strategically advanced our mission, "Preparing young people for life and
godliness,, across key operational themes.. Empowerment, Education, Engagement, Employment, and
Enterprise. These initiatives significantly enhanced youth opportunities, community involvement, and
educational progress.
Page 2

VINE TRUST WALSALL (REGISTERED NUMBER 04370289)
Trustees, Annual Report
Year ended 31st August 2024
Employment
The Ladder Apprenticeship Foundation saw robust growth, expanding apprenticeship opportunitie5 and
vocational training through key partnerships. Our inaugural Apprenticeship Awards in Wolverhampton
celebrated local talent, and our Ladder Skills Academy at Millennium Point, Birmingham, further enhanced
vocational training and employer collaboration.
Enterprise
Lower Hall Lane, the original site of the historic Vine Inn, significantly reshaped our enterprise focus. The
closure of Vines due to COVID-19 and subsequent establishment of The Table CEC by Walsall Community
Church rnarked a strategic shift. Recognising our core strengths lay beyond property ownership, we
resolved to sell this facility to Walsall Community Church, aligning the building's future use closely with our
charitable aims. The sale, antlClP3ted next year, symbolises our evolving strategic identity, with continued
operational presence as a tenant.
Education
Through partnership and governance within Mercian Trust, Vine Trust contributed notably to educational
outcomes. Positive OFSTED ratings at Queen Marls Grammar School were complemented by continued
improvement work at Shire Oak Academy and Q3 Tipton. As founding sponsor and strategic partner for
Ladder School and Walsall Studio School, we remain integral to their leadership, aligning closely with our
transformative educational vision. We anticipate an OFSTED inspection at Walsall Studio School during the
academic year 2024125.
Engagement
Our active participation within Walsall Town Board and successful implementation of the £IM Digital 5ki11s
Hub demonstrates our dedication to inclusive growth and social mobility through the Economy of
Together" strategy. These initiatives reinforce our community engagement and broaden our influence
beyond direct education and employment activities.
Looking forward, Vine Trust will strategically enhance its imp3Ct on youth employment, education, and
community development, reinforcing our role as transformative community leaders.
Objectives and Activities
Vision
"Our work with young people will be a catalyst for Christ-centred community transformation."
Mi55iOTI
'Preparing young people for life and godliness.
Charitable Objectives
To advance the Christian religion among women and young people
To advance education
To relieve poverty
Page 3

VINE TRUST WALSALL (REGISTERED NUMBER 04370289)
Trustees, Annual Report
Year ended 31st August 2024
To provide recreational and leisure facilities irrespective of ethnic origin, gender, or religious belief
to improve life conditions
Finantial Review
Reserves Policy
Trustees continue targeting approximately 13 weeks, expenditure in reserves to mitigate risk and capitalize
on future opportunities. Shortfa515 are addressed through strategic asset management and operational
efficiencies.
Financial Overview
Full financial details for the period are available in the attached audited financial statements.
Plans for Future Periods
The Trust remains committed to strategic leadership within Mercian Trust and the Ladder Apprenticeship
Foundation, advancing its vision for an equitable, educated, enterprising, and environmentally conscious
Black Country.
Governance
Vine Trust Group governance structure effectively manages strategic oversight, operation31 planning, risk
management, and compliance.
Trustees Responsibilities
The Trustees (who are also directors of Vine Trust Walsall for the purposes of company law) are responsible
for preparing the Trustees, Annual Roport and financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financi31 year, which give 3 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 charitable 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 methods and principles in the Charities SORP 2019 IFRS 1021.
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 statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presiim?_ that
the charitable companywill continue in business.
The trustees are responsible for keeping adequate accounting records, which disclose with reasonable
accuracy at anytime the financial position of the charitable company and to enable them to ensure thatthe
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
f raud and other irregularities.
Page 4

VINE TRUST WALSALL (REGISTERED NUMBER 04370289)
Trustees, Annual Report
Year ended 31st August 2024
The trustees 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 actively review risk in terms of the following areas-
governance and management, operational, finance, environmental and external risk, and legal
regulation compliance
This information is then used to develop a risk management Strategy for the organisation, including the
identification of existing controls in operation and 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 faced by the charity should any of these risks materialise.
In approving the Tru5tee5' Annual Report, we also approve the Strategic Report included therein, in our
capacity as company directors.
On behalf of the board
LJohnson
Chair
Date...-..
È./2.r... ........
Page 5

THE VINE TRUST WALSALL AND SUBSIDIARIES {REGISTERED NUMBER 04370289)
Independent Examinerf5 Report to the Members and Trustees
Year ended 31st August 2024
I report to the charity trustees on my examination of the accounts of the company for the year ended 31
August 2024 which are set out on pages 7 to 20.
st
Responsibilities and basis of report
A£ thtt charity trLlgtopg of tho rnmrb2ny12nd also its directors for the DufDoses of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ('the 2006 ACYI.
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
companvs accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'}. In carrying out
my examination I have followed the Dirertions given by the Charity Commission under section 145{5}Ib} of the
2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the 2006
Act; or
2. the accounts do not accord with those records- or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a 'true and fairview, which is not a matter considered as
part of an independent examination,. or
the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities [applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
John Davis FCA Ilndependent Examiner)
For and on behalf of
DJH Walsall Ltd
3, Floor I nternational House
20 H2therton Street
Walsall
WS12LA
2025
Page 6

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Consolidated Statement of Financial Activities (including Income and Expenditure Account)
Year ended 31st August 2024
2024
2023
Note Unrestricted
Funds
Restricted
Funds
Total Funds
Total Funds
Income and endowments from:
Government grants.. JRS Scheme
WMBC Covid support
Donations and legacies
Charitable activitie5
3,880
3,880
4,410
8,200
56,155
2,350
Other trading activities
Other
72,510
10,175
72,510
10,175
Total income and endowments
86,565
86,565
71,115
Expenditure on:
Charitable activities
85,333
85,333
116,895
Total expenditure
85,333
85,333
116,895
Net loss on investments
15
1369,639)
{369,6391
4,033,098
Net income / (expenditure)
1,232
{369,6391
{368,407)
3,987,318
Other recognised gains/{losses):
Impairment losses
{150,000}
{150,000)
Net movement in funds
(148,7681
1369,6391
(518,407}
3,987,318
Reconciliation of funds:
Total funds brought forward
274,781
50,654,015
50,928,796
46,941,478
Total funds carried forward
126,013
50,284,376
50,410,389
50,928,796
All income and expenditure derive from continuing artivities.
The Statement of Financial Activities includes all gains and losses recognised in the year.
Page 7

THE VINE TRUST WALSALL AND SUBSIDIARIES {REfjISTERED NUMBER 04370289)
Consolidated Balance Sheet
Year ended 31st August 2024
Note
2024
2023
Fixed Assets
Tangible assets
Investments
13
15
233,235
50,284,376
384,916
50,654,015
50,517,611
51,038,931
Current Assets
Debtors
Cash at bank and in hand
16
32,501
24,962
423
32,501
25,385
Creditors
Amounts falling due within one year
17
{113,7231
(76,5201
Net current assets/(liabilities}
{81,2221
151,1351
Total assets less current liabilities
Creditors
Amounts falling due after more than one
year
50,436,389
50,987,796
18
126,000)
(59,000)
50,410,389
50,928,796
Charity Funds
Unrestricted funds
19
126,013
274,781
Restricted capital funds
19
50,284,376
50,654,015
50,410,389
50,928,796
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 Companies Act 2006.
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
n its behalf by..
10/0
2025 and were
ohnson
Trustee
The notes form part of these financial statements
Page 8

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Charity Balance Sheet
Year ended 31st August 2024
Note
2024
2023
Fixed Assets
Tangible assets
14
233,235
384,916
Current Assets
Debtors
Cash at bank and in hand
16
102,905
95,366
382
102,905
95,748
Creditors
Amountsfalling due within one year
17
(110,1271
{73,8211
Net current assets/{liabilities)
(7,2221
21,927
Total assets less current liabilities
Creditors
Amountsfalling due after more than one year
226,013
406,843
18
{26,000}
(59,0001
200,013
347,843
Charity Funds
Unrestricted funds
Restricted funds
200,013
347,843
200,013
347,843
Forthe 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 Comp3nies Act 2006.
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 statement5 were approved by the Board of Trustees on
signed on its behalf by..
2025 and were
Ljohnson
Trustee
The notos form part of thesÈ financi21 statements
Page 9

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Consolidated Statement of Cash Flows
Year ended 31st August 2024
Note
2024
2023
Net cash flows from operating activities
21
370,061
14,075,025)
Cash flows from investing activities
Purchase of tangible fixed assets
Change in tangible fixed asset investments
14
15
(369,639)
4,033,098
{Decreasel in cash and cash
Equivalents in the year
422
(41,927)
Cash and cash equivalent at I September 2023
{58,480}
116,5531
Cash and cash equivalents at 31 August 2024
{58,0581
158,4801
Page 10

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st August 2024
Accounting Policies
General information and basis 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 on page l of these financial
statements. The nature of the charit¢s operations and principal activities are to empower, educate,
engage, and employ young people.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in tho 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 102), the Charities
Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified to include certain items at fair v31ue. The financial statements are presented in sterling which
is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these fin3nci31 statements are set out
below. These policies have been consistently applied to all yea r5 presented unless Otherwise stated.
Basis of consolidation
The group financial ststements consolidate the accounts of the Company and its subsidiary
undertakings. Intra-group transactions and profits are elim inated on consolidation.
Funds
Unrestricted funds are avai lable 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 restricted fund
is set out in the notes to the financi31 statements.
Income
All incoming resources are included in the SoFAwhen 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
theywill be fulfilled.
No amount is included in the fina ncial statements for volunteer time in line with the 50RP (FR5 1021.
Page 11

THE VINE TRUST WALSALL AND SUBSIDIARIES {REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st August 2024
Expenditure
AIS expenditure is accounted for on an accruals b3SIS and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, it is probable th2t the settlement will be
required and the amount of the obligation 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 items not falling into the categories above
Srrecoverable VAT is charged as an expense against the activity for which expenditure arose.
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 objects of the charity and include project management
carried out at Headquarters. Where support costs cannot be directly attributed to particular 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 a55ets
Depreciation is provided at the following annual rates in order to write of each asset over its usefu5
economic life.
Land and buildings
not depreciated
Motor vehicles, fixtures etc
20/0 to 250A on cosi
Freehold land and buildings are stated at valuation in 2019 carried out by Cosnett Price Chartered
Surveyors. The Trustees have reviewed the carrying value for.impairment.
Investments
Investments are recognised initially at fair value which is normally the transaction price excluding
transaction costs. Subsequently, they are measured at fair v31ue with changes recognised in 'net gains
/ {10ssesl on investments, in the SOFA if their fair value can be measured reliably-
Debtors and creditors 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 borrowlng5 are Inltially iecv8iiistd dL Llie tra115action price including transaction Costs.
Subsequently, they are measured at amortised cost using the effective interest rate metktod, le55
im pairment. 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 im pairment loss is recognised in profit or loss unless the asset IS
Page 12

THE VINE TRUST WALSALL AND SUBSIDIARIES {REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st August 2024
carried at a revalued amount where the impairment105s is a revaluation decrease.
Leasing commitments
Rentals paid under operating leases are charged to the statement of financial activity on a straight line
basis over the period of the lease.
Employee benefits
Where employees have rendered service 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 benefits
The charity contributes to a defined contribution pension scheme for certain members of staff.
Contributions 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 I 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 surplus on unrestricted funds of £1,232 for
the year and at 31 August 2024 had unrestricted funds of £126,013. 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 statements on the going concern basis.
Income from donation5 and legacies
2024
2023
Donations
Unrestricted- General
3,880
4,410
All of the above income was attributable to unrestricted funds.
Income from charitable activities
2024
2023
Restaurant
Ladder School
8,200
Total
8,200
All of the above income was attributable to unrestricted ftjnds.
Page 13

THE VINE TRUST WALSALL AND SUBSIDIARIES {REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st August 2024
4. Income from trading activities
2024
2023
Property Cost recharges
Support cost recharges
72,510
26,072
30,083
Total
72,510
56,155
All of the above income was attributable to unrestricted funds.
5. Other income
2024
2023
Photocopier usage
10,175
2,350
£10,17512023'. £2,350) of the above income was attributable to restricted funds.
Analysis of expenditure on charitable activities
Direct
Costs
Support
Costs
Total
Property
Support
Ladder
56,170
56,170
29,163
29,163
Total
56,170
29,163
85,333
Page 14

THE VINE TRUST WALSALL AND SUBSIDIARIES {REGISTERED NUMBER 04370289}
Notes to the Financial Statements
Year ended 31st August 2024
Charitable activities cost
2024
Wages & salaries
Training
Rent, rates & water
Insurance
Heat & light
Repairs & maintenance
Advertising & marketing
Post, print & stationery
Telephone
Travel. subs & entertaining
General expenses
Legal & professional fees
Cleaning
Depreciation
Loss on impairment
Governance
1,021
38,141
2,782
3,867
38,668
4,733
359
6,267
5,133
778
3,522
28,847
8,674
2,000
8,397
6,169
477
163
3,626
5,840
1,820
6,120
1,681
150,000
14,225
8,918
Total
235,333
116,895
Governance costs
2024
2023
Professional fees
Independent Examination Fees
Bank charges and interest
3,041
11,184
3,525
5,393
Total
14,225
8,918
Net income for year
Net income is stated after charging=
2024
2023
Depreciation/im pairment of tangible assets
Change in fair value movement of investments
151,681
369,639
1,820
{4,033,0981
10.
Independent Examiners remuneration
The independent examinerfs remuneration, including irrecoverable VAT, amounts to a fee of £3,041
(2023- £3,525) and for accounts and others services £Nil {2023= £Nill.
Page 15

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st August 2024
ii.
Trustees, and key management personnel remuneration and expenses
The trustees neither received nor waived any remuneration during the year (2023= £Nill.
The trustees did not have any expenses reimbursed during the year {2023: £Nill.
The total employee benefits {including employer pension contributions) received by key management
personnel is £Nil {2023: £26,608). The Trust considers its key management personnel to be the Chief
Executive Officer.
12.
Staff costs and employee benefit5
The average number of employees arKI full time equivalent {FTE} during the year was as follows:
2024
2024
2023
2023
Number
FTE
Number
Charitable activities
The total staff costs and employee benefits were as follows:
2024
2023
Wage5 and salaries
Social security costs
Pension costs
1,200
37,042
11791
1,099
Total
1,021
38,141
No employees received total employee benefits (excluding employer pension costs) of more than
£60,000.
13.
Tangible Fixed Assets- Group
Land &
Buildings
Plant &
Machinery
Total
Cost
At I" September 2023
Additions
Disposals
593,477
180,636
774,113
At 31st August 2024
593,477
180,636
774,113
Depreciation
At 1" September 2023
Charge foryear
Impairment loss
213,477
175,720
1,681
389,197
1,681
150,000
150,000
Page 16

THE VINE TRUST WALSALL AND SUBSIDIARIES {REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st August 2024
At 31" August 2024
363,477
177,401
540,878
Net Book Values
At 31" August 2024
230,000
3,235
233,235
At 31" August 2023
380,000
4,916
384,916
14.
Tangible Fixed Assets- Charity
Land &
Buildings
Plant &
Machinery
Total
Cost
At I" September 2023
Additions
593,477
180,636
774,113
At 31" August 2024
593,477
180,636
774,113
Depreciation
At 1" September 2023
Charge for year
Impairment loss
213,477
175,720
1,681
389,197
1,681
150,000
150.000
At 31" August 2024
363,477
177,401
540,878
Net Book Values
At 31" August 2024
230,000
3,235
233,235
At 31" August 2023
380,000
4,916
384,916
15.
Fixed Assets Investments
Other
Invèstments
Valuation
At I, Septomber 2023
23.919.000
5t
At 31 August 2024
23,919,000
Impairment
At I" September 2023
Gain in year
{26,735,0151
369,639
At 31" August 2024
126,365,376)
Page 17

THE VINE TRUST WAISALL AND SUBSIDIARIES (REGISTERED NUMBER 043702891
Notes to the Financial Statements
Year ended 31st August 2024
Carrying amount
At 31" August 2024
50,284,376
At 31"August 2023
50,654,015
The investment represents the charity's interest in The Mercian Trust a Multi Academy Trust (MAT}
formed by 3 group of Government funded schools working together under a common banner and an
overarching structure of governance. It has, as its members, The Vine Trust Walsall, with effectively two
voting member seats, and The Queen Mary's Foundation, with effectively three voting member seats.
From the 'significant Influence, that its two Seats lone corporate membership and one individual
appointee) Elves, the interest in The Mercian Trust is stated at 40/0 of its total restricted Funds at 31st
August 2024 according to the Audited Accounts. Its registered off ice address is Mercian House, Sutton
Road, Walsall, WSI 2PG. At the year end, the aggregate reserves of The Mercian Trust amounted to
£128,296,076 12023: £128,903,037) of which £125,710,939 (2023: £126,635,037} were restricted,
following a decrease in funds of £606,961 for the year {2023: increase of £9,416,142).
The investment is restricted as representing government funding solely for the purpose of educating
Students in the Mercian Trust Schools.
16.
Debtors: Amounts falling due within one year
Group
Charity
2024
2023
2024
2023
Trade debtors
Amounts owed by group companie5
Prepayments and accrued income
Other debtors
31,571
22,193
31,571
70,404
930
22,193
70,404
2,769
930
2,769
Total
32,501
24,962
102,905
95,366
17.
Creditors: Amounts falling due within one year
Group
Charity
2024
2023
2024
2023
Bank loans and overdrafts
Trade creditor5
Taxation and social security
Accruals and deferred income
Other creditors
58,058
4,976
15
6,740
43,934
58,904
7,340
224
9,448
604
58,062
4,976
15
3,140
43,934
58,904
7,340
224
6,749
604
Total
113,723
76,520
110,127
73,821
Page 18

THE VINE TRUST WALSALL AND SUBSIDIARIES {REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st August 2024
18.
Creditors: Amounts falling due after more than one year
Group
Charity
2024
2023
2024
2023
Other creditors
26,000
59,000
26,000
59,000
19.
Fund Reconciliation
Balance at
I'sept
2023
Income
Expenditure
Gains /
{Lossesl
Balance at
31" August
2024
Unrestricted Fund5
General funds
274,781
86,565
185,333)
{150,000)
126,013
274,781
86,565
{85,333)
{150,0001
126,013
Restricted Capital Funds
Mercian Trust
50,654,015
1369,6391 50,284,376
50,654,015
1369,6391 50,284,376
50,928,796
86,565
185,3331
1369,639) 50,410,389
20.
Analysis of net assets between funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
Tangible fixed assets
Current assets
Current liabilities
Creditorsfalling due after more than one year
233,235
32,505
1113,7271
126,000}
50,284,376
50,517,611
32.505
{113,7271
(26,0001
Total
126,013
50,284,376
50,410,389
Page 19

THE VINE TRUST WALSALL AND SUBSIDIARIES (REGISTERED NUMBER 04370289)
Notes to the Financial Statements
Year ended 31st August 2024
21.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net income forthe year
Interest payable
Depreciation of tangible fixed asset5
Loss on investments
Impairment loss
Increase in debtors
I ncrease in creditors
1148,768)
{45,780}
1,681
369,639
150,000
{7,5391
5,048
1,820
(4.033.098)
1,117
916
370,061
(4,075,025)
22.
Pensions and Similar Obligations
The charity operates a defined contribution pension plan for its employees. The amount recognised as an
expense in the period was £27 {2023'. £1,099).
23.
Ultimate controlling party
During the year, the Charity was under the control of the Trustees.
24.
Transactions with Trustees
At 31" August 2024 the charity owed £26,000 (2023.. £26,000) to House on the Corner, and
£33,00012023: £33,000) to Bentley Beginnings, charities in which P B Powell is a trustee.
The Company has taken advantage of the exemptions contained within Financial Reporting Standard
No.8 not to disclose intra-group transactions on the basis that all subsidiaries are 100% owned a nd all
transactions with other Group com panies are eliminated i n the consolidated financial statements.
24.
Events after the reporting period
On the 31" January 2025, the Company has disposed of its land and buildings for a consideration of
£215,000.
Page 20