nwnbor. 1183721 Slr Roger Manwood's Grammar School Foundation Unaudltgd Trustees. report and financlal statemer For tho year ended 31 August 2022
Contwts Page Trustees. rewl Indndt •xamlne¢8 rèport stst•m•nt of Ilnanclal a¢tlvltl•s Bal•nc• 8h• Nots• to the fin•ndal slat•m 8-15 App•ndlx I p•ndlx11 18 19
R8for•nco and admlnlstrth del oflho Chlty. h Tn*toes advlsers For tho year•nd•d 31 W 2022 Trnsts¢s C Ever¥d J Rosso A lbe8. Chair L Gorring8 Charlty regl8t•r•d numb•r 1183721 Prfnclpal offk• Sandwith CT13 9JX Accountants Chartored Accntsnts 37 St Margarevs Str8tt Catertry CT12TU Page 1
Trustees. report For th¢ year onded 31 guSt 2022 The Trusteas we86rt trir annual repyi wilh fin8nthl statements of th8 Slr Rcoer M8nwoo(fs Grammar Sel1 FouThY811on f fr(n 1 Sopl 221 to 31 W 2021 The knual report serves the pUOSe5 of both a TrLtsteos' re1 arNI a Direckn5' repNt urKlw c<npany lth¥. The Tnes Lfim7 that th6 Annual report and finwKial Slatem of thg Clwity the cuThent ststtrtcry requkemènts. the Tequlrements of the (tsilable ts)mpanrfs and the prOVtsKy of the Statement of Recommended Pracllce (SORP) aFable lo thanties pre[ thelracrAwnts n xrnrdance with the Finan(lal Reporttiig Standard in the UK ond Rewth1 of Irdand IFRS102) (effective 1 January 20191. ObJIlVe8 and •ctMI . Poll¢lM Ind obl•cll schdarships and grants to cwrant and fcffThr puFrfls of Sir M&MYx>d's sc4Kl. Additionally lo provide financial assistsnce lo the Sr Roger MarrhxKYs Schl1 at thfr HeadleaS request Wittiin available levels of come. publishtd by th8 Charity Commissth to MKMlry b8neffit runnmig a charity (PB2)'. b. Gr•fit4naklng poll¢l•• The grant makj POL 8re strkty dafknl aTrJ can th be aknnced 4thh avallAble Ir#xme18vel8. a. Maln achlov•rn• rf th• Charfty Slr Roger Manv•W8 Grammar Sch FouThl8tw has ¢YovthJ a c¥ms15tenl level offThndal support for the Slr Roger S1 ar#1 tt8 ow arwj Obl c4ntral lunding ¥'n availablg revels of kncom& No changes envK8aged, unless addi1cl1 be(Bmts from hjumnl are b) fvrtlr Investm1 to bè Ulrta. Th¢ has 98neraled a in th9 415% w for many yè¥8. Flnanclal r•vl•v •. Golng After maknng 8pprDpriate wquwle5. th8 Tnjstem ha¥0 a expeLatm that the Charty has adequats Tgsources to ccrtinue in OFef8tKThl exlstence tor th8 fcffeseoab fiAJre. For Ihls re&8on. they continue lo adopt concern baS can be fwnd v) the a¢CLn{ln9 FdK*s. b. Resqrvts pollGy malntained at a minknum of £50.(W. AB at 31 W 2022. ts wyestrkted rewes strjod at £77,771 (2021.. £79.187). In Ine vAth resems poky.
Trustees. veport (¢onllnuèdl Fortho ytrar Ond 31 1gUst 2022 c. Matorial Èmiknnts poky •. Constltutk•n Sir RoJer M8rwool Grammar SdKK)l F(wJMlalion is a clwty. 1183721. was Tegisterod as a Charbtsble In(xYrwatod on 4 Jun8 2019. b. M•thod• of appolnlm• ar•kdign of Tru•t••s Tho pollcy and opwathw of thè Chwity fBSt lh8 TrustO9S mogt fogularly to monltor the d. Flnanclal rl8k rrwn4• The Tru3te89 hav8 as¥ess4d the mai(Y dsks Iha Chwtty l& exrmisal. kn parti1•f those related to the 0ratIOnS 8nd fln8nces of the Charty. WKI are salisfi&J that systems and yo¢en$ are in place lo mitigate exposura lo the major ri8k8. Plins lor fur0 p•flod8 Thg unrgstdclgd PthIng FwJ bg wj kn suiwt rfthe Slr Rw Mamvood SL*thf8 amLltious m8Ster plan to be implomentsd thè ntsxt few yw¥. Folm4ing the year ond. the (J18rSty Sdd Carelak¢rfs Cthgo. ir¥>Jrne from th8 881e be hehts in a restricted
Slr Roger mamvood Grammar School Foundion Truste•s' teport (Gontinufjd) For tho year 8n&d 31 AA4gUSt 2022 Stat•menl of TNste•s' r•spon¥lbllll¢s Practicel- The law a1¢t4e to th8rthes in England & Wales requrres the ID prepare firwicial slalements for each fan¢$81 whh gNe a aNJ fair vie of the stste of affah5 of the thrity 8rn1 of ILS incoming resourc65 and applicaOn of resfMrces. NK1n9 its In(x1 and expdib. fi)r thal prkMI. In weparli¥J these financlal 61alements. th8 Trustees are Twuiie(I to: ¢)bserve the metws and priTh>s of the Clwilies SORP {FRS 102),. stste whether applicable UK Ac(¥MJntiw SI (FRS 102) have been fdk)wl. subied to any malerfal departure8 di8dosed and extdawied in the finonci4 statemwts." pr8pare th8 financial 6tatwftts LY) thg srywJ uths It is to Prn8um6 that the Charity WAII contiThM in busTh8S. The Tnjstees are responsibl& for kwwwJ ajgquate acO>j [l)S thal we suffK46nt to show explain th8 Charttys ITawclKmS and dlgkn wllh reasonth a[ra * any lime Ihe finalat Foslt)n of the Chartty ond enablo thgm to enswe Ihat the financi81 atwn8ni8 cL¥n#y 7hilh tho ch8fits Ad 2011, the Charlty {Accounts and Rtportsl Regulalions 2CM)8 a1 the wovtsions of ts Tnt deed. Tlw are also responsible lor safeguardlng the assets ol Ihe CIty arKI hence fty tskry rea8(%th sleps for tho we¥enJon and d818dion of fraud and olher IrrwJularfU88. A Kllb•• Chair of Tn1 Data.. IL . i /. 2013
Independent ex•min•rfs rgp¢xt
For the Yrend•d 31 W 2022
Foundation Clww
I report to the dwrity TnleeS my of of thè Charfty for the ended 31 August
2021
Rosp¥1b1llll0$ and bMIG of rnport
roqutrements ofth& Chwiues Act 3)11 Ctt 2011 Arf
I report in respect of my examInab ¢ the Clwiiys accounts CaThd (yjt Lr¥Jer sect¥x1145 of t 2011 Act and
In Car (yJt my exominabon I IK9¥e fOlkh th8 appkth DIr1mIS by the Ct• COMM)n urKter
$tion 14515Xbl ofthe 2011 ACL
Indepondent ex•ffilnerfs ¥t•tom
Your att9ntion is dran lo the f&t Ihal the Clwty Ih9s wepared the &OThts in acctrdarw 7hith A¢ntIng and
Reporting by Charit'e5'. Slat8m8nl of RecommfjrKlod Pracllc appl to charitios preparbr¥J th8lr accounts In
accordance with the Financial ReptrrJ Stsrwjard oWKab58 ui Ihb UK and Rewblic of Ireland IFRS 102) In
preferenc6 to the AGccwtirvJ aThJ Repcrfling ty Cle&. Stalema)t of RecxJ))mwMled Issued on 1 April
2005 which is refefred to In the ex1 rogujakn txrt has boen
l under8tsnd that this has t¢en do In orderkw the accounts to and f8lr ¥iew In accordance wlth
the Ggneralty Actepted Acc(yJntiNJ Pr&liee effa(¥o forweportiry lwIr1n9 on or after 1 January 2019.
I h8ve completed my ex8miMtron. I ccrfffi) tIAI no matters hm como lo my attention in conrtiOn with the
eXamInaOn ofvlng me Cause trj belleve th8t kn any material r8SF
accounllry rectyd8 e Th)t kept In respKt ofthg a8 itywlrwj ty 130 oflho 2011 kt; or
thè a¢COLts do nc Ihilh 1Pm
actnts set cxrt in the CN3rits (Ao)Jmts KI Rep(Kb) Regati 2008 other than any requlrement
that the accoiuts gi a uo and f is a m8ttor as part of an Independènt
examlnatKM.
I have no and haw c(The across r•) dher matters In (xxwtion with ts examina1i¢)n to
atttiOn shouFd drawn h Ihls In
For tho oTrd 31 Aryust 2022 Total funds Total fund8 2021 funds 2022 funds DOnatiS an¢J legacies Imiestments 650 34,760 3&7 4531 37.128 Total Incom• 31097 37.628 35.410 Expgndlturn on: Charlt8bl6 act88 41a15 41AIS 38.240 T¢lal PondIt 41.315 41,315 38,240 N•t l•xp•ndltur•ylficom• b•lor• nfjl 11088o1llgaln• on Inv••lm•nlJ Nèt {Ios8esygalr cfi In¥8stsn8nts (7218) (rt2841 4531 (4947) 11687) (74231) {2.830) 117.413 N•t mov•nxnt In fimd8 (T6.502) (1316) 177.918) 114,583 Ro¢ondll•tlon of fund&. Totsl funds brgt f(w8rd Nèl m¢)vamant n funds n187 11816) 1.04WO ITT.918) 932.387 114,583 (N5021 Total fund• carrhd forward 8•1381 7T.771 9ts.052 1,046,970 The Statement offinanoal lrn*Jd88 al gpkn thJ108w recowa8ed in th8 Jwr. The note3 pages 8 to 15 pwt th888 statfjm.
Sir Rogor Mamood's Grnnwnar S¢lK•oI Found•tl¢)n Balance Shoot As at 31 August2022 2021 Flx•d assots Investsn8nts Current assets 968,440 Cash at bank and in hand .930 Credrtors.. amounts *ilhin ( year {2,4C) Not currnnt ass•t• 78.530 Total nol asMIs ,052 1,046.970 Charlty fund• Rostrlctgd fvnds Unr981rfclgd fvrKI8 10 10 891281 77,771 967.783 79.187 Total lund8 969,052 1.046,970 Tho finan81 statom8nts apwo¥od for188 by the Tnthes and on Ihelr t•half by. A Kllb Cttair of Trust Date. Ib.1. 13 Page 7
Sir Roger manwood Grnmmarschool Found•li F¢x Ihg yoargnded 31 August 2022 Gon•ral Inlorn S4r Rcw Manwocé'$ Grammar Sthocl F(XVKlakn Is a (tsity. number 1183721. and was rggistgred thg Chaiity Cc¥nnwK>n 4 ju 2019. A¢untIng polkl•s Accounting and RepoFkng ty Charilies.. Statement of Recomnded Practica applicable lo charities prepartng their aLthunts in COrd8 the Reportir¥J StaThJard applicak4e in the UK and RepublK of Irel&)d (FRS 11Y21 (affective 1 January 20191. the FanCIal Reporting Stond8rd appiiGable in the UKarvJ R8wbk of IFRS 102) thè ChwilknAGt 2011. Thè financial staternents hav& been Fxwod lo we a Ifue aThl and have departed from the Charilies IAccLwnts aThJ R8p)rts> 2008 onty to ts extent requlred to pde a Injè ond faiv view. This Wrtsjre has in¥ol¥d fTrj the Charilies SORP (FRS 1021 published in October 2019 Tathw Ihan the Rerth'ng by Clwili88.' Statemènt of Rocornmanded under FRS 102. Assets arKI liabilitw are inility rwnlsed at hlstr)rd cost or tran5aclion value 2.2 Golng conc•m Trustees ass Ttsthw Ihe goino is aPPTow, i.e. vth&th8r there gre any materi81 uncertainbes Tdated to events or eondilions that may cast signfvant doubt on the ability ol tho Charity to conlwiue as a goiry ¢))rKwrn Tha Tntstses rna this ass6ssmenl in fespecl of a period of at least one fnyn the dala ol aUttSaIb0n for Issue of thè finartlal slalgments arKI have condud&J ttiat the Ctrwity h88 adew reS0w tr) (y)ntinue In (irat¥)nal existence for tho foreSeeat8 fuiure trwe are rn) matwl wK6rtalnl18s atrt tho Charws abifity to contsnue as a )Ina1 Stateme 13 Inc(•m• All ¥Kom8 IS relniSed the Charity ha5 w)tillwW k) tho wK(¥no. It Is prob8blg that th8 14 EXp•ndIre to a thlrd p*ty. it is probab5e that a lrnnsfer of econom ber)efits be rnquired in setllemenl arnj amnt of the be meawrwj refthty. ExperKlilurp is rJassI by acbvity. The costs each activity. Charitys objecuves. as as any a580ciated $UpF (x%ts. P890 8
For the yoat•ndod 31 gl 2022 A¢utIng pollcl•s {¢ontinu•d) 2.4 ExpendIr• (Gontlnuod} Grants pay8t4e 8rn CW in tr )tar offer is made except rn trThe cases where the offer ts conditional. sh tsyants b8irvJ reC(W as eX[dItijre the nditkInS attachlng 8r8 luifilled. Grants offw&J s)1 kn (xKNJith been m at 8rn1 are nolets as a ccrfnmitmen( Lxrt not acowd as 8¥pendilJn. All exp8ThJlbJrn ly kK4uslv• { VAT. 2.5 Int•rnst rK•lv•b Intert on funds hekj on deIt Is In(JtsJ TAtwi reCoble and the amount can b& measured rèllably by Ihe Charity. INS Is N>tsfi¢alK)n of the Irrt&est Pa or payable by tr 2.6 Taxatlon Th8 Charlty18 con8idorod to pa88 the t sgt out ffj 1 Sch&thl8 6 cl the Finan¢e Act 2010 and Iherefwe it meets tho defmilTh of a charity for UK CLYPOfdtI tax purKX)588. Accordingly, tho Charity is Fthtialty exempt from taxalw in rgsFCt of inc4J))e (Y ca1 g8in8 received within cètsgorw co¥erwl ty Ch4Xw 3 Part 11 d thè CTati Tax Acl 2010 or Section 256 of the Taxaticffi of Chaigeabl8 Galns Acl 1991 k> ts exlwtt thot Iorne ty galr ore applled exclusively to Charitabk PLYPO888. 17 Inva8tm•nts Flxed asset Investmts are a fomi cd frywrial A6n1 and arg inibalty rgcognls8d at thalr transaction cost and 8utrAeq Meas al faw at ts Balanc¢ sheet date, unless the value cannot ts measurgd r91• in case tt ts measLKe(l at cost less wnpairment. Irwestmenl oains d k)sS, whetrw reaused or unrealil. we ¢bIned ptosentsd &8 'Galn81(Losses) on Investsnents, in the Statement of finwKial athi11gs. 2.8 D•btorn Prewwnents are vaw ot the amcxxrt w8paMI nel of anytrade discounts due. Z9 C•sh at b•nk and kn h of three monts or I8 frryn tr dab of wisilMJn (Y (ywwng (rfthe dwit or simllar accgxmt 11(1 LI11111 •md pro¥tslo abllths are rnrwibyed 15 an at the Baance sh8ot d as a r8suh of a past OVonL it Is probabte th a tranth of ec4) benefft* be setuw0l arKI the amount ofthe settlement can bo eslknatsd reliabty. LiabIleS are rec(uni8ed al the tt¢ Charity antscwtes tt 11 pay to seth tha debt or th8 amount it has rec8lved 8s thaed payThenls Ihe orser¥ices it must prThth. Provisi¢)n$ are rned at th8 twt èstwnate crfth8 amurts rwjtlred to setlle the obltgaljon. Whe the effect of the Iome value of morw is matenal. the w0VNc is based cm Ihe sent value of those amounts. discounled at digx¥Jnt f8t8 that rellects the iisks spÈdfic to the liablty. Th8 unwinding ofthe discount is the Statement d fignLy81 actiwlies as a finance cost. PwJe 9
For th• y•ar •ndod 31 Augusl 2022 cotsnting policie (conlinuèd 2.11 Finan¢lal Instnu Ch8rtty th has fin8n¢4d assets aTMI fin&181 Inbffrties L a kirbj thjt quafy as basic financial nstruments. Bas fthnci81 wthments we reccgniwj at trons&li(xJ value and subsequenly Z12 Fund •¢¢011 General fimd$ aro UnrtrkIOd furvjs TAfv( are awlat4fr for u68 at the disLYation of tha Trustoes In furtheranc& of the ntral obie(ths of ts Charity thich have not b8en desw3nal¢d for ¢)ther PUTWS88. don¢)rs or which ho ralsed ty tho a)arity partiLth purF¥)ses. Tho costs of raising and 8dmlni$terfng such funds are ¢harpJ ag•nst the spth IIWKI. The use of eh restricted fund Is sel out In th8 notes to the financid Investrnerrt IOme. gains and kyss88 are alaS kn th& aprrfryfi lun Total nds 2022 Totsl fund8 2021 fund• 500 650 Total 2021 Inv•gtm•nt Incom• Total funds Totsl lund$ 2021 ndg 2022 2022 Incomè from Isted Investsnwts 3.531 37.118 34.758 10 33.597 3.531 37.128 34,760 Total 2021 31.655 3.105 34.760 Page 10
Notes to tho lIn¢I Btat•m•nts For th• ygar•nd•d 31 *4ust 2022 Analysis of grnnts Totsl funds 2021 kndmduals 2022 funds Gr8nts & prvzes 21,718 21,718 19.325 Totsl 2021 19.325 19.325 funds 2022 funds Total Total 2021 Grants & priz88 {note 5> 0th8r contribuS to schoo Ind8ndant examlnerfs foes C10rk's fees 21.718 5.232 2,640 11.725 21.718 4232 19.325 12,590 2.400 3,925 11,725 41.315 41.315 38,240 Total 2021 35,140 3.1 38.240 During thg er erthd 31 W 2022 (2W21: £NI). rn) TnBt88s Y rUnaration or other b8n&fits. Page 11
Slr Rog•r Manwoorts Grnnynarsthool Foundatkn Foi th• Y•ar•fid 31 August 2022 Ust InvoStment8 C05t or valuatlon Al 1 September 21Y21 Revaluatlo 968.440 174,2311 Al 31 AU 2022 894,209 N•t book va At 31 Augjst 2022 894,209 Al 31 AUW 2021 968.440 2021 ACenlS 2,400 10. St*t•m•nt offund• Balan at 1 Sopt•mb•r galan at 31 August 2022 P8rkins( 79,187 3,531 (4947) TT.771 Ro•lrfct fvnd• 167.7T8 9A71 7.3 70 {6A (11818) 1559) {432) 1686 (54848) {291) 15Q300 8.978 7.053 8.831 705.569 4550 Wybom Chivas Adam 326 n8 24916 241 1200) 17501 133265) (240) Ckrkngb0j Culro88 768.866 ¥097 IW.284) 891,281 Total of funds 1.lJ16 ri4231) 969.052 p12
For thg yw ond•d 31 IgUSt 2022 10. Statomant of funds (contknw Balance at 31 August 2021 1 wwnber GainsJ IK(YMI ExdI {Lc¢¥es) Llnmtrlct•d fund• Parklnson 3.105 {3.100) 13.417 79,187 Foundotion Wyborn Chivas Adam 149.151 &107 6.079 {9.490) (300) <200) (2.374) P2.3251 (451) 22.038 1.338 1.268 797 77.587 970 187,778 9,471 7.359 9,469 768,866 4,840 10268 688.974 4.113 TT8 24.630 ClaringtK)kl Culross 866.622 32.305 (35.1401 103.996 967.783 Tothl of fund• 932.387 35,410 (38.2401 117.413 1.046,970 Page 13
Forth8 y•arendgd 31 Auwst 2022 11. Summary offunds •nce at Galnsl 31 August 2021 Exp•ndltur• {L¢)9$9s 2022 Genoral funds Reslriclod fLmds 79.187 3.531 ¥097 (4947) (69284) 77.771 891,281 (41.314 1,W970 {41 J15) (74.231) 969.052 Summary offund*- prtory•v Balance at 31 AAJgust 2021 I Sèptember Gainsl ExpwKlltyro (Los) General funds Roslrthd ndS 65.765 3.105 (3.1L) (35.1401 13,417 103.996 79.187 967.783 932.387 35.410 (38240) 117.413 1,046,970 Page 14
Sir Roger ManTMood's GvammKSchool Foundation Forthg yr ondgd 31 Augus¢ 2022 11 Ansls of n•t aM•ts b•twwn funds Total fund$ 2022 fvnd• funds 2022 823.881 70.328 7.443 894.209 77.483 (2,6401 Current assèts Creditors duè withwi one (16401 Total 891.281 77,771 969.052 Totsl nds 2021 funds 893.165 77.018 (14(X)I 75275 3.912 ,440 80,930 (2,4001 Current a88èts Credltors duè one 1r Tolal 967.783 79,187 1.046,970 txthng Sk Rw MalAd3 Grammar SdMxA £5232 (2021: £12,> to thè Sir Roger ma)Ct$ SduA. c¢ M Roberts A Klbge bolh ser1 86 Goverrm during the year. FoknirytYJ the end, ts charity sokl CaWs C•. The i*m9 from the sth will be held In a restrlcted lund. vAth the pF d finaw * capltsl thyxk as urKlertaken by Sk Roger Manwood's Page 15
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