NEWPORT GRAMMAR SCHOOL CHARITY ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026
NEWPORT GRAMMAR SCHOOL CHARITY CIO number: 1209771 Accounts for the year ended 31 March 2026 PaBe Charity Information Trustees, Report Independent Examiner's Report Receipts and Payments Account Statement of Assets and Liabilities Notes to the Accounts
NEWPORT GRAMMAR SCHOOL CHARITY Page.. I ADDRESS: Newport Grammar School Charitv Oaklands Park Road Wootton Ryde Isle of Wight P033 4RL TRUSTEES: Dr jonathan Nainby-Luxmoore, DL Ichairmanl James Attrill, DL John Barnikel Graeme Bowen Owen Buchan (appointed 24.11.251 Gillian Burnett1Secretaryl Charles Egerton-warburton Dawn Haig-Thomas DL (Appointed 24.11.251 R05 Martin OBE Colin Sarnuelson Michael Srnith SECRETARY.. Gillian Burnett APPOINTMENT OF TRUSTEES: The existing trustees vote for the appointment of new trustees. GOVERNING DOCUMENT: Constitution of a Charitable Incorporated Organisation by order of the Charity Commission dated 18th Au8U5t 2024. CHARITABLE STATUS: The charity is a registered CIO No. 1209771 BANK: Lloyds Bank PIC 22 St. Thomas, Square Newport Isle of Wight P030 ISQ SOLICITORS: Wannops LLP Ilncorporatin8 Brutton & Col 227 West Street Fareham P016 OHA INDEPENDENT EXAMINER: J Palmer ACA Bright Brown Limited Exchange House, St Cross Lane Newport. Isle of Wight P030 5BZ
NEWPORT GRAMMAR SCHOOL CHARITY Page.. 2 TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2026 The Trustees present their report together with the accounts for the year ended 31 March 2026. The accounts have been prepared in accordance with the recommendations of Statement of Recommended Practice Accounting & Reporting by Charities and comply with the requirement5 of the charity's scheme by order of the Charity Commission dated 18 August 2024. Statement of Trustees, Responsibilities Charity law requires the Trustees to prepare a Receipts and Payrnents account and a Statement of Assets and Liabilitie5 for each financial year which properly presents the charity's receipts and payments for the year together with its assets and liabilities at the end of the period, and adequately distinguish any material special trust or other restricted fund of the charity- In preparing these financial statements the trustees are required to.. select suitable accounting policies and then apply them con515tently- make judgements and estimates that are reasonable and prudent.. state whether the policies adopted are in accordance with the appropriate Statement of Recommended Practice oll Accounting by Charitles and the Accounting Regulations and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements. The Trustees are responsible for keeping proper accounting records which diselose, with reasonable accuracy at any time, the financial position of the charity, and to enable them to ensure that the financial statement5 comply with applicable Accounting Standards and Statement5 of Recommended Practice and the regulations made under s130 of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Aims and Oblectives Advancing the education of persons under 25 years, and in exceptional circumstances, those under 40 years, who are resident in the Isle of Wight, by providing financièl assistance 15 such ways as the Trustees think fit. Grants are awarded following receipt of a completed, detailed appllcation form from individuals and organisations working with young people. In shaping the objettives for the year and planning the activities, the Trustees have considered the Charity Commission's guidance on public benefit.
NEWPORTGRAMMAR SCHOOL CHARIT Page.. 3 TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2026 Policies The charity adopts the following as guidelines.. Reserves - A minimum of the previous year's grants. Grant makinB - Our Grant and Education Subcommittee meet three times a year (January, April and September) to consider applications received. Investrnent5 Advice is sought where appropriate. Risk management The Trustees regularly review the major strategic, business and operational risks to which the charity is exposed, and confirm that Systems have been e5tabli5hed which enable the necessary Steps to be taken to lessen these risks. Results for the year This has been a year of transition for the Charity to reflect our CIO (Charitable Incorporated Organi5ationl Status. We are now in the final elements of transferring everything to the CIO. The Trustees met on four occasions- three times in person and once via Zoom. We were very pleased to welcome Owen Buchan and Mrs Dawn HaiE-Thoma5 to the Charity in November, 2025. For many years, we have sought the input of a younger person on the board of Trustees. We were therefore delighted when Owen Buchan agreed to join us. Having originally attended an Island secondary school, he is currently studying for a PhD. Hi5 perspective, particularly with the awarding of grant5, has been invaluable. Through her years of public service on the Island, Mrs Dawn Haig-Thomas has highlighted the poor level of literacy on the Island. Her understanding of the local education system ha5 been of great as51Stance to the Charity. A nine-month grazing agreement was signed in April, 2025 wtth a local smallholder with regard to the Worsley Road fields. Our only expense concerning the land this year was the annual hedge cutting, undertaken in December, 2025. We have maintained regular contact with the Isle of Wight Council'5 Rights of Way department, as well as our Land Agent5, Carter Jonas. who have continued the search for alternative long term use5 for the fields as a whole or in parts. After unacceptable delays by both M&G and St James, Wealth, we finally completed the transfer of our funds to CCLA ICOIFI and WIM, receiving £600 in compensation from M&G. Our long-terrn deposit with Lloyds Bank matured on 04.09.25 and the funds were evenly distributed between CCLA ICOIFI and WIM. The time spent on this exercise has proved worthwhile a5 the total of our investments at 31.03.26 showed an increase of SJ4% on 2024125. Our income from these investments, however. recorded a decrease of 7% £28,6551£30,732 20241251. Through discussions with both CCLA ICOIFI and WIM, we have now ensured a fixed income so that the awarding of grants can be maximised each year.
NEWPORT AMMAR SCHOOL CHARITY Page.. 4 TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2026 Results for the year Icontinuedl The numbef of grants awarded this year to Indlvldual students Increased from ten in 2024125 to fourteen. These totalled £11,3501£11,800 - 20241251, an avera8e of £811 per student. The Charity also contributed £3,000 to The Talent Tap to assist their valuablè work with young pèoplè. This grant supported three student5- two Irorn Christ the King Colle8e and one attendin8 Lift Ryde. We once again supported the IW Sports Foundation by sporsoriThg a category at the IW Sports Achievement Award5. ReceSpts amounted to £3S.111 1£33.721 in 20241251. After grant payments. our major expenditure Included insurances, audStln8, legal fees and maintenance of the land glving a total of £4,9741£6,979 in 20241251. Payments exceeded receipts by £49,603 1£21.600 in 20241251. The general operatin8 transactions of the charity had a net Inflow of £15.195. It Is the charitvs Investing activity that Created the reduction In Cash serveS as £407,459 was transferred to our investments. All tru5tee5 Served in 8 voluntary capacitr and incurred no administrative costs. On behalf of the Trustees Mrs Gillian Burnett Trustee Date..
NEWPORT GRAMMAR SCHOOL CHARITY INDEPENOENT EXAMINERS REPORTTO THE TRUSTEES OF NEWPORT GRAMMAR SCHOOL CHARITY I report on the recelpt and payment accounts of the Charity for the yeaf ended 31 March 2026. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity'5 trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is required. It is my responsibility to= • examine the accounts under section 145 of the 2011 Act; to follow the procedure5 laid down in the General Directions given by the Charity Commissioner under section 14515llbl of the 2011 Art,. and to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accountinE records kept by the charity and a comparison of the accounts presented with those record5. It also includes consideration of any unusual Items or disclosure5 in the accounts, and seeking explanations from you as Trustees Concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with section 133 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or 121 to which. in my opinion. attention should be drawn in order to enable a proper under5taniling of the accounts to be reached. l July 2026 J Palmer ACA Bright Brown Limited Chartered Accountant5 Exchange House. St. Cross Lane, Newport, l.W.
NEWPORT GRAMMAR SCHOOL CHARITY Page.. 6 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR TO 31 MARCH 2026 2026 2025 RECEIPTS: Income receipt5 VAT reclaimed 997 530 From assets Bank interest Dividends on investments Rents received Compensation 3,859 28.655 1,000 1,309 30,732 1,000 150 Total income and asset receipts 35.111 33.721 Asset and Investment sales Sale of investments 342,661 228,737 Total receipt5 377,772 262,458 PAYMENTS.. Charitable actlvlty direct expenditure: Grants 14.350 786 701 15.306 623 3,476 Insurance Property repairs and maintenance 15,837 19,405 Other expenditure.. Advertising Independent examiner's fees Accountancy fees Administration Legal and professional fees 200 480 480 392 2,527 150 420 760 1,980 4,079 3.790 19,916 23,195 Other Payments: Asset and investment 3CqUlSltions 407.459 260.863 Total payments 427.375 284.058 Net receiptsllpaymentsl for the year Bank balances brought forward at l April 149,6031 121.6001 82,573 104,173 Bank balances carried forward at 31 March 32.970 82,573
NEWPORT GRAMMAR SCHOOL CHARITY Page.. 7 ATEMENT F ASSETS AND LIABILITIESAT 31 MARCH 2026 2026 2025 MONETARY ASSETS Current account Instant savings Term deposit 17,811 15,159 6.475 15,045 61,053 32.970 82,573 INVESTMENT ASSETS Pro Valuation at 31 March 2026 Land at Wor51ey Road Fields 250,000 250.000 250.000 250,000 The Trustees have valued the asset held by the charity at what they believe its market value to be a5 at the year end. Investments Valuation at 31 March 2026 C.O.l.F. Charities Investment Fund Nll Income shares 374,559 C.O.l.F. Charities Investment Fund 2.854.45 Accumulation shares M&G Charibond Fixed Interest 678,377 321,186 84,224 St james, Wealth WIM Ipreviously Wavertonl 259.691 773.348 336,345 1,451,725 1,376,005 The notes on page 8 form part of these accounts Approved by the Board of Trustees on ........ .l.z ¢. and signed on its behalf by.. Dr l Nainby-Luxmoore, DL G Burnett
NEWPORT GRAMMAR SCHOOL CHARITY Page.. 8 NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 MARCH 2026 11 Accounting Policies al Basis of accounting The account5 are prepared under the historical cost convention on the receipts and payments basis. The recommendations of Statement of Recommended Practice - Accounting & Reporting by Charities have been followed in the preparation of these accounts. 21 Fund Accounting The charity's general funds consist of funds which the charity may use for its purposes at its discretion. No restricted fund transactions took place during the year. 31 Cost of Investments The hiltoric cost on acquisition of the investments at 31 March were.. 2026 2025 C.O.l.F. Charities Investment FLtnd Income shares Accijmulation shares 280,000 40,000 2,854.45 352,400 M&G Charibond Fixed Interest ILK),000 St james, Wealth 250.000 WIM (previously Wavertonl 725,060 350,000 1,077,460 1.020,000