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Company Registration No. 07493784 (England and Wales)
Charlty Reglstratlon No. 1142320
Report of the Trustees and
Financial Statements forthe year ended 31 January 2022
for
Old Warwickian Trust
(A Company Limited by Guarantee)

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Old Wanvickian Trust
Contents of the Financial Statements
Forthe year ended 31 January 2022
Report ofthe Trustees
Page 2
Independent Examiner's Reportto the Trustees
Page 7
Statement of Fi nancial Activities
Page 8
Balance Sheet
Page 9
Notes to the Financial Statements
Page 11

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Old Wanvickian Trust
Reportof the Trustees
Fortheyearended 31 January 2022
The trustees who are also directors of the charity, presenttheir report with the financial statements of the
charity for the year ended 31 January 2022 which are also prepared to meet the requirements for a
directors, report and accounts for Companies Act purposes.
The financial statements have been prepared in accordance with the accounting policies set out in notes
to the accounts and comply with the charity's governing document, the CharitiesAct2011 and Accounting
and Reporting 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 published in October 2019.
REFERENCEANDADMINISTRATIVE DETAILS
Registered Company number
07493784 (England and Wales)
Registered Charity number
1142320
Principal Address and Registered Office
Edmund House
Rugby Road
Leamington Spa
Warwickshire
CV32 6EL
Trustees
MrJ S Barker
Mr J S Button (Resigned 6th September 20211
MrSWHain
Mrc R N Heaton
Mr J C Meredith (Resigned 6"September 20211
MrN J Robinson
Mr D B Stevens
Mr R H Thornton (Resigned 6, September 20211
Mrc Pwillford
MrA F Keeling (Appointed on 6" September 20211
Mr K P Mitchell (Appointed on 6" September 20211
Mrs M C Tubb IAppointed on 6" September20211
Solicitors
Blythe Liggins
Edmund House
Rugby Road
Leamington Spa
Warwickshire
CV32 6EL

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Old Wanvickian Trust
Report of the Trustees Icontinuedl
Fortheyearended 31 January2022
Independent Examiners
Charlotte Toemaes Bsc FCA
Ellacotts LLP
Chartered Accountants & StatutoryAuditors
23 West Bar Street
Banbury
Oxfordshire
OX16 9SA
Bankers
Lloyds Bank plc,
73 The Parade
Leamington Spa
CV32 4BB
stockbrokers and investment advisors
EFG Harris Allday,
33 Great Charles Street,
Birmingham
B33JN

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Old Wanvickian Trust
Report of the Trustees Icontinuedl
Forthe yearended 31 January2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 14 January 2011 and
registered as a charity on 8 June 2011. The company was established under a Memorandum of Association,
which established the objects and powers of the charitable company and is governed under its Articles of
Association.
Appointment of new trustees
New trustees are elected to the board by majority vote of existing trustees.
Trustee induction and training
Potential new trustees meet other trustees prior to appointment. Trustees are encouraged to attend
appropriate external training events where these will facilitate the undertaking of their role.
Organisational structure
The board of trustees administers the charity. The board meets a minimum of every twelve months and in
the interim is managed by sub-committees comprising trustees.
Risk management
The trustees have conducted a review of the major risks to which the charity is exposed. Where appropriate,
systems or procedures have been established to mitigate the risks the charity faces. Internal control risks
are minimised by the implementation of procedures for authorisation of all transactions and projects.
OBJECTIVES AND ACTIVITIES
The objectives of the charity are..
The advancement of education by the provision of grants for capital projects at Warwick School.
To provide scholarships and bursaries to pupils and potential pupils of Warwick School so that
more pupils benefit from education at Wanmick School irrespective of their families, ability to
pay fees.
The main objectives and activities for the year were to focus upon the above. To assist the charity to meet
these objectives. the management of investments is placed in the hands of a professional advisor to
maximise a mixture of growth and return.
ACHIEVEMENT AND PERFORMANCE
Provision of bursaries
During the year under review the charity granted bursaries of £55,199. The trustees are mindful of the
income generated by the trust now and projected and have agreed additional bursaries in the medium
term.
The Trust investment5 showed an increase in value during the year. but the trustee5 are mindful that
investment values fluctuate, and accept regular advice from the investment advisors to protect the value
and income as far as is possible.

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Old Wanvickian Trust
Report of the Trustees {continued)
Fortheyearended 31 January2022
FINANCIAL REVIEW
Reserves policy
The trustees have examined the charity's requirements for resetves in the light of the main risks to the
organisation. In theirview the company has adequate but not excessive reserves to meet its obligations as
they fall due. The level of reserves held at the end of the year was £1,534,162 and full details are included
in note 9 to the financial statements.
Principal funding sources
The large majority of funding during the year arose from rents receivable and dividends on investments.
Investment policy
The policy is for growth and an income return with moderate risk to maximise that growth and income.
PUBLIC BENEFIT STATEMENT
This report sets out the objectives of the charity and which are considered for the future. The award of
bursaries is to enable boys to attend Warwick School without restriction to people from whatever means.
In preparing the report, the trustees confirm that they have referred to the Charity Commission guidance
on public benefit.
PLANS FOR FUTURE PERIODS
The charity will continue as present and take full advantage of income from investments and rent to
achieve its objectives in granting bursaries.
OVERVIEW OFTHE PERIOD
For the year 2021122 the Trustees are satisfied that the objects of the charity have been achieved with a
commitment to funding bursaries within the criteria with additional amounts being considered for
2022123.
STATEMENT OFTRUSTEES, RESPONSIBILITIES
The trustees Iwho are also directors of Old Warwickian Trust for the purposes of company lawl are
responsible for preparing the Trustees, Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires thetrusteesto prepare financial statements foreach financial year. Undercompany
law the trustees must not approve the financial statements unless they are satisfied that they give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, includingthe income and expenditure. ofthe charitable company forthat period.
In preparingthese financial statements, the trustees are required to..

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Old Warwickian Trust
Report of the Trustees Icontinuedl
Forthe yearended 31 January 2022
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP 2019 IFRS 1021.
makejudgements 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 presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the
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 fraud and other irregularitie5.
INDEPENDENT EXAMINER
The independent examiner, Charlotte Toemaes Bsc FCA of Ellacotts LLP, will be proposed for re-
appointment.
ON BEHALF OFTHE BOARD:
Dwu51gned by".
C R N Heaton-Trustee
C P Willford - Trustee
17 October 2022
Date:

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Old Warwickian Trust
Independent Examiners Report to the Trustees
Fortheyear ended 31 January2022
I report on the financial statements for the year ended 31 January 2022 set out on pages 8 to 16.
Responsibilities and basis of report
The trustees (who are also the directors of the company for the purposes of company lawl are responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the accounts of the charity 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
14515llbl of the 2011 Act.
Independentexaminer'sstatement
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..
l. Accounting records were not kept in respect of the company as required by section 386 of the 2006
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 2006 Act other
than any requirement thatthe accounts give a 'true and fair view, which is not a matter considered as
part of an independent examination- or
4. 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
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 Ljnderstanding of the accounts to be
reached.
CharlotteToemaes Bsc FCA
Ellacotts LLP
Chartered Accountants & StatutoryAuditors
Countrywide House
23 West Bar Street
Banbury
Oxfordshire
OX16 9SA
Date.. 17110122

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Old Wanvickian Trust
statement of Financial Activities
land Income and Expenditure Account)
Fortheyear ended 31 January2022
2022
Total
funds
2021
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOMING RESOURCES
Incomingresources from generated
funds
Donations and gifts
Investment income
Insurance premium recoverable
1,079
71,345
3,789
1,079
71,345
3,789
69,111
3,981
Total incoming resources
76.213
76,213
73,092
RESOURCES EXPENDED
Charitable activities
163,8811
163,8811 161,7931
Total resources expended
163,8811
163,8811 161,7931
NET GAINSIILOSSESI ON INVESTMENTS
Increasel Idecreasel in value of
investments
48,416
48,416
119,5281
NET INCOMING RESOURCESAND NET
MOVEMENT IN FUNDS FOR THE PERIOD
60,748
60,748
18,2291
RECONCILIATION OF FUNDS
Total funds brought forward
1,473,414
1,473,414 1,481,643
TOTAL FUNDS CARRIED FORWARD
1,534,162
1.534,162 1.473,414

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Old Wanvickian Trust
Balance Sheet
At 31 January 2022
2022
Total
Funds
2021
Total
Funds
Unrestricted Restricted
funds
funds
Notes
FIXEDASSETS
Investments
1,381,030
1,381,030
1,387,750
1,381,030
1,381,030
1,387,750
CURRENT ASSETS
Debtors
Cash at bank and in hand
47,033
107,864
47,033
107,864
20,648
69,171
154,897
154.897
89,819
CREDITORS
Amounts falling due within one year
11,7651
11,7651
14,1551
NET CURRENT ASSETS
153,132
153,132
85,664
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,534,162
1,534,162
1,473,414
FUNDS
Unrestricted funds
Restricted funds
1,534,162
1,473,414
TOTAL FUNDS
1,534,162
1,473,414
For the year ended 31 January 2022 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Trustees, responsibilities..
The members have not required the charity to obtain an audit of its accounts for the year
in question in accordance with section 476,.
The trustees acknowledge their responsibilities for complying with the requirements of
the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions applicable to
companies subject to the small companies, regime of the Companies Act 2006.

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Old Warwickian Trust
Balance Sheet {continued)
At31 January 2022
The financial statements were approved by the Board of Trustees on
signed on its behalf by:
17 October
2022 and were
DwuS1gned by".
tknusrynpd by
C R N Heaton -Trustee
C P Willford - Trustee
Company Registration No. 07493784
io

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Old Wanvickian Trust
Notes to the Financial Statements
Forthe yearended 31 January 2022
ACCOUNTING POLICIES
Charity Inforniation
Old WanNickian Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is given in the reference and administrative details on page 2.
Basis of preparation
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 the UK and Republic of Ireland 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
Act 2006 and UK Generally Accepted Accounting Practice.
The accounts are prepared in sterling, which is the functional currency of the Old Warwickian Trust.
Monetary amounts in these financial statements are rounded to the nearest £.
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.
Incoming resources
All incoming resources are included on the Statement of Financial Activities ISOFAI when the charity is
legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activities on a basis consistent with the use of the resources.
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the performance of its activities.
It includes both costs that can be allocated to such activities and those of an indirect nature necessary to
supportthem.
Company status
The charity is a company limited by guarantee. The members of the company are the trustees named in
the report of the trustees.
Fund accounting
General funds are unrestricted funds which 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.
Fixed asset investments
Fixed asset investments are held at market value as at the balance sheet date with movements shown in
the SOFA.
li

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Old Wanvickian Trust
Notes to the Financial Statements {continued)
Fortheyear ended 31 January2022
Investment properties are included in the balance sheet at their open market value. Depreciation is
provided only on those investment properties which are leasehold and where the unexpired lease term is
less than 20 years.
Financial instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value.
Taxation
The charity is exempt from corporation tax on its charitable activities.
DONATIONSAND GIFTS
2022
2021
Gift of cash
1,079
In 2022, the total of £1,07912021- £nill was attributable to unrestricted funds.
INVESTMENT INCOME
2022
2021
Dividend5 and interest received
Rents
31,345
40,000
39,111
30,000
71,345
69,111
In 2022, the total of £71.34512021.. £69,111) was attributable to unrestricted funds.
12

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Old Wanvickian Trust
Notes to the Financial Statements {continued)
Forthe yearended 31 January2022
RESOURCES EXPENDED
Unrestricted
funds
Restricted
funds
Total
2022
Total
2021
Direct charitable expenditure
Bursaries awarded
Investment management charges
Insurance premium payable (including
survey feel
Bank charges
55,199
3,254
3,789
55,199
3,254
3,789
53,360
2,778
3,981
15
62,242
62,242
60,134
Governance Costs
Independent Examiner's fees
1,639
1,639
1,659
Total resources expended
63,881
63,881
61,793
In 2022, the total resources expended amount of £63.881 12021.. £61,793) wa5 charged to unrestricted
funds.
TRUSTEES, REMUNERATION AND BENEFITS
The trustees neither received nor waived any emoluments during the year12021.. £nill.
FIXED ASSET INVESTMENTS
2022
2021
Property
Investments
489.397
891,633
1,381,030
489,397
898,353
1,387,750
Freehold properties held to provide a return..
UK
Valuation as at 31 January 2022
489,397
Market value as at 31 January 2022
489,397
Investments:
Property
Valuation brought forward
489.397
489,397
Valuation carried forward
Notes tothe Financialstatements {continued)
13

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Old Wanvickian Trust
Forthe yearended 31 January2022
FIXEDASSET INVESTMENTS {Cont'd)
2022
2021
Historical cost of property
52,041
52,041
Investments
Valuation brought fonNard
Additions
Disposals
Increase in market value
898.353
80,553
1135,6891
48,416
Valuation carried forward
891,633
7. DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR
2022
2021
Prepayments and accrued income
47,033
47,033
20,648
20,648
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR
2022
2021
Trade creditors, accruals and deferred income
1,765
4,155
1,765
4,155
Notes to the Financial Statements {continued)
14

DoGuSvJn Envelope ID." 2958D42fkB0754BE8-85DA-C82B05EFF142
Old Wanvickian Trust
Fortheyear ended 31 January2022
9. MOVEMENT IN FUNDS
At l February Net movement in At 31 January
2021
funds
2022
Unrestricted funds
General fund
1,473,414
60,748
1,534,162
TOTAL FUNDS
1,473,414
60,748
1,534,162
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gainsand
Ilossesl
Movement in funds
Unrestricted funds
General fund
76,213
163,8811
48,416
60,748
TOTAL FUNDS
76,213
163,8811
48,416
60,748
The General Fund represents the free funds which have not been designated for particular
purposes.
10.ULTIMATE CONTROLLING PARTY
The Trustees have overall control of the Charitable Company.
11. RELATED PARTYTRANSACTIONS
During the year, members of The Old Wanwickian Association gifted £1,079 to Old Warwickian
Trust12021.. £nill. Trustees Mr J S Button Iresigned 6, September 20211. and Mr D B Stevens were
committee members of The Association.
15

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Old Wanvickian Trust
Notes to the Financial Statements {continuedl
Fortheyearended 31 January2022
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Fund
Restricted
Fund
Total
2022
Fixed asset investments
Current assets
Current liabilities
1,381.030
154,897
11,7651
1,381,030
154,897
11,7651
TOTAL FUNDS
1,534,162
1,534,162
Unrestricted
Fund
Restricted
Fund
Total
2021
Fixed asset investments
Current assets
Current liabilities
1,387,750
89,819
14,1551
1,387,750
89,819
14,1551
TOTAL FUNDS
1,473,414
1,473,414
The unrestricted funds of the charity may be applied in accordance with the Charity's
Memorandum of Association and in furtherance of its charitable objects.
16