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|||||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|
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||||||||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|
##
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|||||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||||||
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|||||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|
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|||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|
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|||||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|
##
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|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|
##
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##
||||||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|
##
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|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|
##
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|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|
##
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##
|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|
##
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**==> picture [444 x 91] intentionally omitted <==**
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