2023-08-31-accounts

				Page
Reference and administrative		details ofthe Company,	Its Trustees and advisers	1-2
Trustees' report				3-12
Independent auditor's	report	on the financial statements		13-16
Statement offinancial	activities			17
Balance sheet				18-19
Statement ofcash flows				20
Notes to the financial	statements			21 -36

							As restated
				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
			Note	2023 F	2023 f	2023 E	2022f
Income from:
Donations and	legacies			207,198	154,010	361,208	725,808
Investments				17,040	3,178	20,218	19,913
Total income				224,238	157,188	381,426	745,721
Expenditure on:
Raising funds					148,389	148,389	117,819
Charitable activities				161,589	8,822	170,411	96,376
Total expenditure				161,589	157,211	318,800	214,195
Net Income/(expenditure)		before net
losses on Investments				62,649	(23)	62,626	531,526
Net losses on	investments			(46,967)	(10,808)	(57,775)	(37,876)
Net movement	In funds			15,682	(10,831)	4,851	493,650
Reconciliation	offunds:
Total funds brought forward		as restated		939,573	350,680	1,290,253	796,603
Net movement	in funds			15,682	(10,831)	4,851	493,650
Total funds carried forward				955,255	339,849	1,295,104	1,290,253

								As restated
				Note		2023 f.		2022f
Fixed assets
Investments				11		667,775		685,549
Investment property				10		460,000
						1,127,775		1,185,549
Current assets
Debtors				12			1,504
Cash at bank	and	in	hand		190,280		103,200
					190,280		104,704
Creditors: amounts			falling due within one
year				13	(22,951)
Net current	assets					167,329		104,704
Total net assets						1,295,104		1,290,253
Charity funds
Restricted funds				15		955,255		939,573
Unrestricted	funds			15		339,849		350,680
Total funds						1,295,104		1,290,253

				2023	2022
				6
Cash flows from operating	activities
Net cash used in operating	activities			66,862	10,110
Cash flows from investing	activities
Dividends, interests and rents from investments				20,218	19,913
Net cash provided by Investing activities				20,218	19,913
Change In cash and cash	equivalents in	the year		87,080	30,023
Cash and cash equivalents	at the beginning	ofthe year		103,200	73,177
Cash and cash equivalents	at the end of	the year	19	190,280	103,200
The notes on pages 21 to 36form part ofthese financial statements

				Restricted	Unrestricted	Total
				funds	funds	funds
				2023	2023	2023
				E	E	E
Donations				207,198		207,198
Donated	services	and	facilities		154,010	154,010
				207,198	154,010	361,208
				Restncted	Unrestricted	Total
				funds	funds	funds
				2022	2022	2022f
Donations				600,989		600,989
Donated	services	and	facilities		124,819	124,819
				600,989	124,819	725,808

				Restricted	Unrestricted	Total
				funds	funds	funds
				2023	2023	2023
				E	F	E
Income	from	COIF	units	17,040	3,178	20,218
					Unrestricted	Total
					funds	funds
					2022f	2022 E
Income	from	COIF	units		19,913	19,913

		Unrestricted	Total
		funds	funds
		2023f	2023 F
Events, publications	and software	25,362	25,362
Staff costs		123,027	123,027
		148,389	148,389
		Unrestricted	Total
		funds	funds
		2022	2022f
Events, publications	and software	27,314	27,314
Staff costs		90,505	90,505
		117,819	117,819

				Restricted	Unrestricted
				funds	funds	Total
				2023	2023	2023
				E
Grants to RGS	Worcester			138,433	3,201	141,634
Establishment,	management	and administration	costs	23,156	5,621	28,777
				161,589	8,822	170,411
				Restricted	Unrestncted
				funds	funds	Total
				2022 f	2022 f	2022
Grants to RGS	Worcester			74,463	19,913	94,376
Establishment,	management	and administration	costs		2,000	2,000
				74,463	21,913	96,376

Staff c	osts
			2023	2022
			F.	6
Wages	and	salaries	123,027	90,505
			123,027	90,505

	Freehold
	investment
	property
	6
Valuation
At 1 September 2022	600,000
Deficit on revaluation	(40,000)
At 31August 2023	460,000

		Unlisted
		Investments
		6
Cost or valuation
At 1 September 2022		685,549
Revaluations		(17,774)
At 31August 2023		667,775
Net book value
At 31 August 2023		667,775
At 31August 2022		685,549
Debtors
	2023	2022
	6	5
Due within one year
Other debtors		1,504

					2023 6	2022f
Amounts	owed to Royal Grammar		School Worcester		15,630
Accruals					7,321
					22,951
Financial	Instruments
					2023 6	2022f
Financial	assets
Financial	assets measured	at fair	value through	income and expenditure	667,775	685,549

Statement offunds	-current	year
		Restated
		Balance at				Balance at
		1 September			Gains/	31August
		2022	Income	Expenditure	(Losses)	2023
		6	6	F	6
Unrestricted funds
Designated funds
A R Wheeler Bursary Fund		329,308			(10,808)	318,500
General funds
General Funds - all	funds	21,372	157,188	(157,211)		21,349
Total Unrestricted	funds	350,680	157,188	(157,211)	(10,808)	339,849
Restricted funds
A RWheeler Bursary Fund		188,731	25,015	(15,370)	(5,499)	192,877
Alice Ottley Bursary	Fund	54,853	6,158	(1,670)	(1,468)	57,873
Hardship Fund		4,853	468	(4,853)		468
Alumni Sponsorship		150,575	32,079	(81,084)		101,570
WIHL Buy a Brick		15,667		(15,667)
WIHL Buy a Tree		500		(500)
Foundation Bursary	Fund	21,904	155,353	(15,600)		161,657
Parent Music Scholarship		490		(490)
The Christopher and Dorothy
Dyer Science and Technology
Bursary Fund		500,000	1,965	(23,155)	(40,000)	438,810
Contemplation Area		2,000				2,000
Giving - Ukraine			3,200	(3,200)
		939,573	224,238	(161,589)	(46,967)	955,255
Total offunds		1,290,253	381,426	(318,800)	(57,775)	1,295,104

Statement offunds	- prior ye	ar
		Restated					Restated
		Balance st				As restated	Balance st
		1 September				Gains	31August
		2021 6	Income	Expenditure	f	(Losses)	2022 6
Unrestricted funds
Designated funds
A RWheeler Bursary Fund		351,666				(22,358)	329,308
Generalfunds
General Funds - all	funds	16,372	144,732	(139,732)			21,372
Total Unrestricted	funds	368,038	144,732	(139,732)		(22,358)	350,680
Restricted funds
A R Wheeler Bursap Fund		193,820	7,300			(12,389)	188,731
Alice Ottley Bursary	Fund	55,661	2321			(3,129)	54,853
Hardship Fund		4,111	742				4,853
Alumni Sponsorship		158,806	65,738	(73,969)			150,575
WIHL Buy a Brick		15,667					15,667
WIHL Buy a Tree
Foundation Bursary	Fund		21,904				21,904
Parent Music Scholarship			490				490
The Christopher and	Dorothy
Dyer Science and Technology
Bursary Fund			500,000
RGSW Tree			494	(494)
Contemplation Area			2,000
		428,565	600,989	(74,463)		(15,518)	939,573
Total offunds		796,603	745,T21	(214,195)		(37,876)	1,290,253

Summary	offunds	- current ye	ar
				Restated
				Balance at				Balance at
			1	September			Gains/	31 August
				2022	Income	Expenditure	(Losses)	2023
				E	E	E	E	E
Designated	funds			329,308			(10,808)	318,500
General funds				21~372	157,188	(157,211)		21,349
Restricted	funds			939,573	224,238	(161,589)	(46,967)	955,255
				1,290,253	381,426	(318,800)	(57,775)	1,295,104
Summary	offunds	- prior year
				Restated				Restated
				Balance at			As restated	Balance et
			1 September				Gains'	31August
				2021f	Income f	Expendi ture	(Losses) f	2022
Designated	funds			351,666			(22,358)	329,308
General funds				16,372	144,732	(139,732)		21,372
Restricted	funds			428,565	600,989	(74,463)	(15,518)	939,573
				796,603	745,721	(214,195)	(37,876)	1,290,253

Analysis Analysis	of net assets between funds of net assets between funds -curre	nt year
		Restricted	Unrestricted	Total
		funds	funds	funds
		2023	2023	2023
		E	E	E
Ftxed asset investments		246,631	421,144	667,775
Investment	property	460,000		460,000
Current assets		248,624	(58,344)	190,280
Creditors	due within one year		(22,951)	(22,951)
Total		955,255	339,849	1,295,104

	Analysis ofnet ass	ets between	funds - prior year (restated)
			As restated
			Restricted	Unrestricted	Total
			funds	funds	funds
			2022 f	2022 f	2022
	Fixed asset investments		246,497	439,052	685,549
	Investment property		5M, OOO		500,OM
	Current assets		193,075	(88,372)	104,704
	Total		939,573	350,680	1,290,253
18.	Reconciliation of net movement		in funds to net cash flow from operating	activities
				2023	2022
				E
	Nei income for the year (as per Statement of Financial Activities)			4,851	493,650
	Adjustments for:
	Gains on investments			67,776	37,877
	Dividends, interests	and rents from	investments	(20,218)	(19,913)
	(Increase)/Decrease	in debtors		1,603	(1,504)
	Increase in creditors			22,951
	Capital Donations				(500,0M)
	Net cash provided	by operating	activities	66,862	10,110
19.	Analysis ofcash and cash equivalents
				2023	2022f
	Cash in hand			190,280	103,200
	Total cash and cash equivalents			190,280	103,200

==> picture [444 x 91] intentionally omitted <==