2023-08-31-accounts - Aylesbury Grammar School Foundation

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CONTENTS	Page
Trustees' Report
Auditor's Report	5-6
Statement ofFinancial Activities
Balance Sheet
Notes to Accounts	9-13

		Unrestricted	Unrestricted	Restricted	Endowment	Total Funds	Total Funds
	Notes		Funds	Funds	Funds	2023	2022
INCOME AND ENDOWNMENTS			FROM:
Invesnnent			8,944	3,296	151,404	163,644	117,096
Charitable activities		2	18			18	74
Total Income			8,962	3,296	151,404	163,662	117,170
EXPENDITURE ON							'
Raising funds			1,342	82	15,261	16,685	16,833
Charitable Activities			115,759	4,000		119,759	129,806
Other			3,284			3,284	4,901
Total Expenditure			120,385	4,0&2	15,261	139,728	151,540
Net Income/(expenditure)			(111,423)	(786)	136,143	23,934	(34,370)
Transfers between	funds		129,263		(129,263)
			17,840	(786)	6,880	23,934	(34,370)
Other recognised	gains/
(losses)
Gains/(Losses) on	investment	assets	3,420	(2,425)	(68,483)	(67,4&8)	(534,932)
Net Movement in	Funds		21,260	(3,211)	(61,603)	(43,554)	(569,302)
Reconciliation ofFunds
Total Funds brought forward			514,943	95,247	4,751,899	5,362,089	5,931,391
Total Fund carried forward			536,203	92,036	4,690,296	5,318,535	5,362,089

			Unrestricted	Restricted	Endowment	Total Funds	Total Funds
		Notes	Funds	Funds	Funds	2023	2022
Fixed Assets
Tangible assets					5,000	5,000	5,000
Investments			391,949	97,047	4,685,296	5,174,292	5,228,323
			391,949	97,047	4,690,296	5,179,292	5,233,323
Current Assets
Cash at bank			146,504	6,989		153,493	139,016
			146,504	6,989		153,493	139,016
Creditors
Amounts falling due
within one year		10	2,250	12,000		14,250	10,250
Net Current	Assets		144,254	(5,011)		139,243	128,766
Total Assets	Less
Current Liabilities			536,203	92,036	4,690,296	5,318,535	5,362,089
Funds
Unrestricted			536,203			536203	514943
Restricted				92,036		92,036	95,247
Endowment					4,690,296	4,690,296	4,751,899
			536,203	92,036	4,690,296	5,318,535	5,362,089

Incoming	Resources from Charitable Activities
	2023	2022
Rent
Other	18	74

Charitab	le Activities	Expenditure
		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2023	2022
Payments Grammar	to Aylesbury School	115,759		115,759	125,806
School Prizes			4,000	4,000	4,000
		115,759	4,000	119,759	129,806

Costs ofGeneratin	g Funds
	Unrestricted	Restricted	Endowment	Total Funds	Total Funds
	Funds	Funds	Funds	2023	2022
Legal 8'c professional for investments	costs 1,343	82	15,260	16,685	16,833

		Unrestricted	Restricted	Endowment	Total Funds	Total Funds
		Funds	Funds	Funds	2023	2022
Auditors'	remuneration	1,185			1,185	1,115
Other expenses		2,099			2,099	3,786
		3,284			3,284	4,901

		Unrestricted	Unrestricted	Restricted	Endowment	Total Funds
	Notes		Funds	Funds	Funds	2022
INCOME AND ENDOWNMENTS			FROM:
Investment			6,798	2,083	108,215	117,096
Charitable activities	2		74			74
Total Income			6,872	2,083	108,215	117,170
EXPENDITURE	ON
Raising funds		4	887		15,946	16,833
Charitable Activities		3	122,306	7,500		129,806
Other		5	4,900	1		4,901
Total Expenditure			128,093	7,501	15,946	151,540
Net Income/(expenditure)			(121,221)	(5,418)	92,269	(34,370)
Transfers between	funds		99,293		(99,293)
			(21,928)	(5,418)	(7,024)	(34,370)
Other recognised	gains/
(losses)
Gains/(Losses) on	investment	assets	(52,700)	(12,062)	(470,170)	(534,932)
Net Movement in	Funds		(74,628)	(17,480)	(477,194)	(569,302)
Reconciliation of	Funds
Total Funds brought forward			589,571	112,727	5,229,093	5,931,391
Total Fund carried forward			514,943	95)247	4,751,899	5,362,089

			Unrestricted	Restricted	Endowment	Total Funds
		Notes	Funds	Funds	Funds	2022
Fixed Assets
Tangible assets		8			5,000	5,000
Investments		9	382,515	98,909	4,746,899	5,228,323
			382,515	98,909	4,751,899	5,233,323
Current Assets
Cash at bank			134,678	4,338		139,016
			134,678	4,338		139,016
Creditors
Amounts falling due
within one year		10	2,250	8,000		10,250
Net Current	Assets		132,428	(3,662)		128,766
Total Assets	Less
Current Liabilities			514,943	95,247	4,751,899	5,362,089
Funds
Unrestricted			514,943			514,943
Restricted				95,247		95,247
Endowment					4,751,899	4,751,899
			514,943	95,247	4,751,899	5,362,089

Fixed Asset Investments	Fixed Asset Investments
						2023	2022
Listed investments:
Market value at 31August		2023				5,228,323	5,768,616
Additions						840,560	1,788,722
Disposals Movement in cash account						(858,928) (16,533)	(1,778,289) 44,495
Net (Loss)/Profit	on revaluation		at 31	August 2023		(19,130)	(595,221)
Market value at 31	August	2023				5,174,292	5,228,323
Historical cost at31August		2023				4,991,944	4,962,959
Creditors
						2023	2022
Amounts falling due within one year: Accruals and deferred income						14,250	10,250
						14,250	10,250
Restricted Funds
						Realised and
						Unrealised
		Balance		I~ncomin		~Gaini Loss	Balance
		3108	2022	Resources	B~xenditure	on investments	31 08 2023
JM Raven Fund		63,198		2,191	(82)	(1,621)	63,686
School Prize Fund		32,049		1,105	(4,000)	(804)	28,350
		95,247		3,296	(4,082)	(2,425)	92,036

CONTENTS	Page
Trustees' Report
Auditor's Report	5-6
Statement ofFinancial Activities
Balance Sheet
Notes to Accounts	9-13

		Unrestricted	Unrestricted	Restricted	Endowment	Total Funds	Total Funds
	Notes		Funds	Funds	Funds	2023	2022
INCOME AND ENDOWNMENTS			FROM:
Invesnnent			8,944	3,296	151,404	163,644	117,096
Charitable activities		2	18			18	74
Total Income			8,962	3,296	151,404	163,662	117,170
EXPENDITURE ON							'
Raising funds			1,342	82	15,261	16,685	16,833
Charitable Activities			115,759	4,000		119,759	129,806
Other			3,284			3,284	4,901
Total Expenditure			120,385	4,0&2	15,261	139,728	151,540
Net Income/(expenditure)			(111,423)	(786)	136,143	23,934	(34,370)
Transfers between	funds		129,263		(129,263)
			17,840	(786)	6,880	23,934	(34,370)
Other recognised	gains/
(losses)
Gains/(Losses) on	investment	assets	3,420	(2,425)	(68,483)	(67,4&8)	(534,932)
Net Movement in	Funds		21,260	(3,211)	(61,603)	(43,554)	(569,302)
Reconciliation ofFunds
Total Funds brought forward			514,943	95,247	4,751,899	5,362,089	5,931,391
Total Fund carried forward			536,203	92,036	4,690,296	5,318,535	5,362,089

			Unrestricted	Restricted	Endowment	Total Funds	Total Funds
		Notes	Funds	Funds	Funds	2023	2022
Fixed Assets
Tangible assets					5,000	5,000	5,000
Investments			391,949	97,047	4,685,296	5,174,292	5,228,323
			391,949	97,047	4,690,296	5,179,292	5,233,323
Current Assets
Cash at bank			146,504	6,989		153,493	139,016
			146,504	6,989		153,493	139,016
Creditors
Amounts falling due
within one year		10	2,250	12,000		14,250	10,250
Net Current	Assets		144,254	(5,011)		139,243	128,766
Total Assets	Less
Current Liabilities			536,203	92,036	4,690,296	5,318,535	5,362,089
Funds
Unrestricted			536,203			536203	514943
Restricted				92,036		92,036	95,247
Endowment					4,690,296	4,690,296	4,751,899
			536,203	92,036	4,690,296	5,318,535	5,362,089

Incoming	Resources from Charitable Activities
	2023	2022
Rent
Other	18	74

Charitab	le Activities	Expenditure
		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2023	2022
Payments Grammar	to Aylesbury School	115,759		115,759	125,806
School Prizes			4,000	4,000	4,000
		115,759	4,000	119,759	129,806

Costs ofGeneratin	g Funds
	Unrestricted	Restricted	Endowment	Total Funds	Total Funds
	Funds	Funds	Funds	2023	2022
Legal 8'c professional for investments	costs 1,343	82	15,260	16,685	16,833

		Unrestricted	Restricted	Endowment	Total Funds	Total Funds
		Funds	Funds	Funds	2023	2022
Auditors'	remuneration	1,185			1,185	1,115
Other expenses		2,099			2,099	3,786
		3,284			3,284	4,901

		Unrestricted	Unrestricted	Restricted	Endowment	Total Funds
	Notes		Funds	Funds	Funds	2022
INCOME AND ENDOWNMENTS			FROM:
Investment			6,798	2,083	108,215	117,096
Charitable activities	2		74			74
Total Income			6,872	2,083	108,215	117,170
EXPENDITURE	ON
Raising funds		4	887		15,946	16,833
Charitable Activities		3	122,306	7,500		129,806
Other		5	4,900	1		4,901
Total Expenditure			128,093	7,501	15,946	151,540
Net Income/(expenditure)			(121,221)	(5,418)	92,269	(34,370)
Transfers between	funds		99,293		(99,293)
			(21,928)	(5,418)	(7,024)	(34,370)
Other recognised	gains/
(losses)
Gains/(Losses) on	investment	assets	(52,700)	(12,062)	(470,170)	(534,932)
Net Movement in	Funds		(74,628)	(17,480)	(477,194)	(569,302)
Reconciliation of	Funds
Total Funds brought forward			589,571	112,727	5,229,093	5,931,391
Total Fund carried forward			514,943	95)247	4,751,899	5,362,089

			Unrestricted	Restricted	Endowment	Total Funds
		Notes	Funds	Funds	Funds	2022
Fixed Assets
Tangible assets		8			5,000	5,000
Investments		9	382,515	98,909	4,746,899	5,228,323
			382,515	98,909	4,751,899	5,233,323
Current Assets
Cash at bank			134,678	4,338		139,016
			134,678	4,338		139,016
Creditors
Amounts falling due
within one year		10	2,250	8,000		10,250
Net Current	Assets		132,428	(3,662)		128,766
Total Assets	Less
Current Liabilities			514,943	95,247	4,751,899	5,362,089
Funds
Unrestricted			514,943			514,943
Restricted				95,247		95,247
Endowment					4,751,899	4,751,899
			514,943	95,247	4,751,899	5,362,089

Fixed Asset Investments	Fixed Asset Investments
						2023	2022
Listed investments:
Market value at 31August		2023				5,228,323	5,768,616
Additions						840,560	1,788,722
Disposals Movement in cash account						(858,928) (16,533)	(1,778,289) 44,495
Net (Loss)/Profit	on revaluation		at 31	August 2023		(19,130)	(595,221)
Market value at 31	August	2023				5,174,292	5,228,323
Historical cost at31August		2023				4,991,944	4,962,959
Creditors
						2023	2022
Amounts falling due within one year: Accruals and deferred income						14,250	10,250
						14,250	10,250
Restricted Funds
						Realised and
						Unrealised
		Balance		I~ncomin		~Gaini Loss	Balance
		3108	2022	Resources	B~xenditure	on investments	31 08 2023
JM Raven Fund		63,198		2,191	(82)	(1,621)	63,686
School Prize Fund		32,049		1,105	(4,000)	(804)	28,350
		95,247		3,296	(4,082)	(2,425)	92,036