2023-08-31-accounts - The Oliver Whitby Educational Foundation

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Governors		Nigel Hanbury
		Emma Goad
		Janet Beveridge
		Anne Scicluna
		Bernard Adkins
		Deborah Alun-Jones
Clerk/Secretary		David McCahearty
Charity number		306386
Principal address		11 Brigham Place
		Felpham
		Bognor Regis
		West Sussex
		PO22 7NW
Independent	examiner	Claire Norwood BScFCAATII
		Jones Avens Limited
		Piper House 4 Dukes Court
		Bognor Road
		Chichester
		West Sussex
		PO19 8FX
Bankers		Barclays Bank pic
		97 High Street
		Selsey
		West Sussex
		PO20 OQN
Investment	advisors	Investec Bank (UK) Limited
		2 Gresham Street
		London
		EC2V 7QP

				Unrestricted Unrestricted	Unrestricted Unrestricted
				funds	funds
				2023	2022
			Notes	R
Income from:
Donations and	legacies			30,000
Investments				47,731	44,410
Total income				77,731	44,410
Ex enditure on:
Raising funds				17,152	17,767
Charitable activities				72,438	48,789
Total expenditure				89,590	66,556
Net gains/(losses)		on investments		(22,153)	(178,440)
Net movement	in	funds		(34,012)	(200,586)
Fund balances	at 1 September 2022			2,110,681	2,311,267
Fund balances	at	31August 2023		2,076,669	2,110,681

			2023		2022
		Notes			f
Fixed assets
Investments		13		2,064,153		2,075,898
Current assets
Debtors		15	73
Cash at bank and in	hand		12,518		34,858
			12,591		34,858
Creditors: amounts	falling due within
one year		16	(75)		(75)
Net current assets				12,516		34,783
Total assets less current liabilities				2,076,669		2,110,681
Income funds
Unrestricted funds				2,076,669		2,110,681
				2,076,669		2,110,681

Unrestricted	Total
funds
2023	2022
30,000

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
Income	from listed investments	46,645	44,356
Interest	receivable	1,086	54
		47,731	44,410

Unrestricted	Unrestricted
funds	funds
2023	2022
17,152	17,767
17,152	17,767

		Educational	Educational
		scholarships	scholarships
		2023	2022
		R
Clerk's salary		4,000	4,000
Clerk's travel		200	200
Typing		160	160
Postage and stationery		300	300
		4,660	4,660
Grant funding ofactivities (see note 7)		65,510	41,969
Share ofgovernance	costs (see note 8)	2,268	2,160
		72,438	48,789

			Educational	Educational
			scholarships	scholarships
			2023	2022
			f
Grants	to	individuals	65,510	41,969
			65,510	41,969

Support	c	osts
			Support	Governance	2023Support	costs	Governance	2022
			costs	costs			costs
						f	F
Independent		examination
fees				2,268	2,268		2,160	2,160
				2,268	2,268		2,160	2,160
Analysed	between
Charitable		activities		2,268	2,268		2,160	2,160

2023	2022
Number	Number

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
Revaluation	of	investments	(28,068)	(163,606)
Gain/(loss)	on	sale ofinvestments	5,915	(14,834)
			(22,153)	(178,440)

Fixed asset investments
	Listed	Cash at	Total
	investments	investment
		managers
Cost orvaluation
At 1 September 2022	2,039,310	36,588	2,075,898
Additions	374,799		374,799
Valuation changes	(28,068)		(28,068)
Increase in portfolio cash		4,291	4,291
Disposals	(362,767)		(362,767)
At 31August 2023	2,023,274	40,879	2,064,153
Carrying amount
At 31August 2023	2,023,274	40,879	2,064,153
At 31August 2022	2,039,310	36,588	2,075,898

14	Financial	in	struments
						2023	2022
							F
	Carrying	amount of		financial assets
	Instruments		measured	at fair value through	profit or loss	2,023,274	2,039,310
15	Debtors
						2023	2022
	Amounts	falling due		within one year:
	Prepayments		and accrued income			73
16	Creditors:	amounts		falling due within one year
						2023	2022
							R
	Other creditors					75	75

Schedule ofInvestment Income
				2023
Aberdeen Std Fd Mg ASI Gbl Infltlkd	Bd Instl S			1,577
Aberdeen Std Fd Mg ASI Sht Dur Gbl		Infltlkd Bd		1,615
Allianz Gbl Inv UK Gilt Yield I Inc Nav				978
Anglo American USD0.54945				877
Assura Pic Ordinary Shares				2,505
AXA Investment Man Framlington UK			Mid Cap	905
Blackrock European Dynamic				269
Bunzl Ord GBP0.32142857				527
Burberry Group Ord GBP0.0005				252
Compass Group Ord GBP0.1105				505
Croda Intl Ord GBP0.10609756				362
Derwent London Ord GBP0.05				498
Diageo Ordinary Shares				547
Experian Ord USD0.10				375
Fidelity Inv Svcs UK Money Builder Income				1,531
Fundsmith LLP Equity I Inc Nav				313
Greencoat UK Wind Ord GBP0.01				2,103
Halma Ordinary 10p				171
Hermes Investment Global Emerging		Markets JG Sett		481
HSBC Holdings PLC US$0.50 Ordinary Shares				1,707
INT Public Partner Ord GBP0.0001				1,864
Ishares Core S&P500				1,501
Ishares GBPCorp Bd 0-5 Ucits Etf G				1,307
Jupiter UT Mngrs UKSpec Situations			I GBP (now XGBP)	1,732
Lvmh Moet Hennessy				149
London Stock Exchange				348
Man Fd Mgmt Uk Ltd GLG Underval	Ast Prof D			1,677
Polar Capital Fund Global Insurance		EGBP Dis		799
Prudential GBP0.05				327
Relx PicGBP0.1444				494
Rio Tinto PLC 10p Registered Ordinary			Shares	2,890
Royal London Utm Sterl Credt Instl Inc Z GBP				2,361
Sage Group GBP0.01051948				582
Schroders Pic Ord GBP0.20				529
Schroder Inv Mgmt Asian Total Return			C Inc Nav	1,091
Schroder Unit Trusts European LAcc		Nav		728
Scot Mort Inv Tst Ord GBP0.05				206
Shell Pic Ord EURO.07				393
Threadneedle (Lux) Gbl Corp Bd				3,871
UK Commercial Prop Ord GBP0.25				2,395
UK (Govt of)0.5%Bds 31/01/29 GBP1000				26
UK (Govt of)0.25% Bds 31/07/31 GBP1000				29
UK (Govt of)0.625% Bds 31/07/35 GBP1000				40
Unilever PLC .031111Ordinary Shares				988
Vanguard Fund PicFTSEJapan Equity Ucits GBP				838
Vanguard Funds Pic S&P500 USD				1,105
Worldwide Healthcare Ord GBP0.25				277
				46,645

Schedule ofInvestments			Units	Market Value	Costf
Aberdeen Std Fd Mg ASI Gbl Infltlkd	Bd Instl S		86,720	42,649	50,044
Aberdeen Std Fd Mg ASI Sht Dur Gbl		Infltlkd Bd	74,115	36,346	39,026
Anglo American USD0.54945			525	11,026	15,010
Aspects Ucits Funds Plc Diversified Trends P Instl			415	72,351	50,351
Assura Plc Ord 10p			79,274	36,379	46,821
AXA Investment Man Framlington UK		Mid Cap	44,725	46,917	52,951
Blackrock Fund Mgrs Ltd European Dynamic Fd Inc			13,260	35,705	19,577
Brown Advisory Fds US Sustainable	Growth		8,199	114,543	63,634
Bunzl Ord GBP0.32142857			840	23,768	19,103
Compass Group Ord GBP0.1105			970	19,339	15,609
Croda Intl Ord GBP0.10609756			335	18,495	21,024
Derwent London Ord GBP0.05			635	11,805	11,533
Diageo Ord GBX28.935185			705	22,868	6,548
Experian Ord USD0.10			785	21,686	14,626
Fundsmith LLP Equity I Inc Nav			14,800	84,697	51,488
Gemcap Investment Ahfm Defined Returns BGPB			41,100	77,132	54,682
Greencoat UK Wind Ord GPB0.01			25,523	36,153	30,720
Halma Ord 10p			845	18,113	5,059
HSBC Holdings pic US$0.50(75p) Ordinary			3,808	22,206	14,501
Hermes Investment Global Emerging	Markets J G Sett		26,625	38,263	36,434
INT Public Partner Ord GBP0.0001			24,084	31,743	39,016
Invesco European Invesco EURP Eq	Inc UK		14,985	32,789	33,315
Invesco Physical Secured Gold Lkd Nts			280	41,427	39,949
Ishares, SBP500 NAV			2,556	91,042	18,925
Jupiter UT Mngrs UKSpec Situations		I GBP (now XGBP)	35,591	41,061	38,685
Lvmh Moat Hennessy			32	21,439	22,513
London Stock Exchange Ord GBP0.06918604			325	26,572	8,933
Man GLG Underval Ast Prof D Inc Nav			40,505	59,947	44,830
Polar Capital Funds Global Insurance		EGBP Dis	8,230	62,354	30,386
Prudential GBP0.05			2,115	20,437	25,550
Relx Plc GBP0.1444			810	20,878	13,555
Rio Tinto pic 10p Registered Ordinary			570	27,775	13,408
Royal London Bd Fd RLSterling Credt		Z GBP	98,675	112,095	126,572
Sage Group GBP0.01051948			3,120	30,298	21,274
Schroder Inv Mgmt Asian Total Return		C Inc Nav	94	36,732	33,223
Schroders, Vtg Shs GBP1,now Schroders Plc Ord			3,529	14,531	20,476
Scot Mort Inv Tst Ord GBP0.05			5,020	34,422	30,829
Shell Plc Ord EURO.07			1,710	41,241	41,818
SSEPlc GBP0.50			1,220	19,846	21,610
Threadneedle (Lux) Gbl Corp Bd			12,925	112,405	116,868
UK Commercial Prop Ord GBP0.25			70,439	38,002	47,428
UK (Govt of)0.25% Bds 31/07/31 GBP1000			54,460	39,767	41,271
UK (Govt of)0.5%Bds 31/01/29 GBP1000			24,720	20,051	20,625
UK (Govt of)0.625% Bds 31/07/35 GBP1000			30,230	19,683	20,646
UK (Govt of) Idx/Lkd Snr 22/03/34 GBP			12,640	20,533	20,256
UK (Govt of)0.125%Snr 30/01/26 GBP1000			45,235	40,664	40,538
Unilever PLC ORD GBP0.031111			530	21,427	9,660
Vanguard Funds FTSEJapan Equity	GBP		1,650	42,279	35,111
Vanguard Funds PlcSBP500 USD			1,235	83,693	48,185
WorldWide Healthcare ORD GBPO .25			8,950	27,700	4,842

Units	Market	(Contin6edI
	Value
	2,023,274	1,649,038