AYLESBURY GRAMMAR SCHOOL FOUNDATION
CHARITY NUMBER 310626
TRUSTEES REPORT FOR THE YEAR ENDED
31 AUGUST 2024
Scheme
The Foundation is governed by a Scheme of the Charity Commissioners numbered 42842
dated 24 March 1960 and subsequent variations thereto.
Trustees
During the year to 31 August 2024 the Trustees were:
Kevin Hardern (Chairman)
Elm Gables
82 Wendover Road
Ayle5bury
HP219NJ
Paul Buckland
The Dove House
4 High Street
Haddenham
HP17 8ER
Obe Ejikeme
38 Risborough Road
Stoke Mandeville
HP22 5UT
Wing Cdr Lee Cobley
Walnut Tree House
28c Bishopstone
HP17 8SF
Paul Bown
Chearsley House
Church Lane
Chearsley
HP18 ODF
James Collins
Dene House
Broomfield Hill
Great Missenden
HP16 9HT
Mrs Jacqueline Brooker
48 Manor Park Avenue
Princes Risborou8h
HP27 9AS
Wing Commander Cobley resiEned as a Trustee with effect from 5 July 2024.
Address
The address of the Foundation for correspondence is c/0 The Clerk to the Foundation,
Aylesbury Grammar School, Walton Road, Aylesbury, Bucks, HP217RP.
Clerk
As at the end of August 2024 the position of Clerk to the Foundation was vacant.
Banker
The Foundation's Banker is Lloyds Bank plc, l Market Square. Aylesbury, Bucks HP20 ITD.

Auditors
The Foundation's auditor is Mr Paul West of PKW Accountancy Limited, I Church Square,
Leighton Buzzard, Beds LU7 IAE.
Investment Advisors
The Foundation ha5 engaged two Investment Advisors, each charged with mana8inE a portion
of the Foundation's restricted and unrestricted investments. The advisors are:
Ms Laila Charlton-meyrick of Coutts & Co, 440 Strand, London, WC2R OQS," and
Mr Ben Minter of Cazenove Capital, l London Wall Place, London EC2Y SAU.
Investment Powers
There are no specific investment powers, the Scheme providing that any sum of cash at any
time belonging to the Foundation and not needed for working purposes shall, unless
otherwise directed by the Minister of Education, be treated as capltal and invested.
Objects
The objects of the Foundation are to provide benefits forthe Aylesbury Grammarschool 1.the
School") in the following ways:
la) Providing such special benefits for the School as may from time to time be agreed by the
Trustees;
{bl Awarding to beneficiaries Scholarships, Bursaries or Maintenance Allowances tenable at
any School, University, or other place of learning, approved by the Trustees;
(cl Providing financial assistance, outfits, clothing, tools, instruments or books to enable
beneficiaries to prepare for, or to assist their entry into or advancement in, a profession,
trade or calling.
(d) Awarding Scholarships and Maintenance Allowances to enable beneficiaries to travel
abroad to pursue their education.
(el Providing, or assisting the provision of, facilities for recreation and social and physical
training including the provision of coaching for athletics, sport5 and games, for
beneficiaries who are receiving primary, secondary or further education;
{fj The provision of financial assistance to enable beneficiaries to study music or other arts.
(g) The provision of accommodation for any one or more persons employed at the School as
a residence for such member of staff and any member of his or her family during the
period of his or her employment if in the Trustees opinion it would be for the benefit of
the School to do so.
In the above, "beneficiaries" means persons who have not attained the age of 25 years who
attend or have attended Aylesbury Grammar School and who, in the opinion of the Trustees,
are in need of financial assistance. A preference shall be given to beneficiaries resident in
either of the Ancient Parishes of Aylesbury or Walton.
Page 12

10.
Activities During the Year
10.1 The Trustees met formally four times during the year.
10.2 There were additionsto Board of Trustees during the year. As noted above, Wing Commander
Cobley resigned as a Trustee with effect from 5 July 2024.
10.3 There have been no material changes in the policy of the Foundation since the last annual
report.
10.4 The costs that have been involved in the administration of the charity are audit and accounting
fee5 of £2,592, clerking fees of £5LK) and investment management costs of £20,066. In
addition, the Foundation has incurred costs of £152 in respect of bank charges and £133 for
third-party liability insurance. No honoraria orexpenses have been paid to any of the Trustees.
10.5 Legal fees of £2,977 were incurred in respect of work on the registered titles of the
Foundation's land holdings. In addition, the Foundation made a payment of £3,600 to a
specialist for advice on the management of the Foundation's land holdings.
10.6 The Foundation contributed £4,000 to the School in respect of its ongoin8 commitment to
support school prizes, and £4,428 to support continuing development of the alumnus
database. In addition, the Foundation agreed to contribute £10,000 to the School to support
a one-off special recognition programme for School staff.
10.7 The Foundation continues to support a student exchan8e programme with a partner school
in Toronto and contrlbuted £4,138 towards air fares to enable students from the School to
participate in this programme in the calendar years 2023 and 2024.
10.8 The Foundation contributed £3,851 for equipment to the School from the JM Raven fund
which is specifically designated for this purpose.
10.9 The Foundation continued to underwrite the costs of the 425 anniversary history of the
School. In the year to August 2024, the Foundation paid £16,388 towards the production of
the history book and £5,684 towards the accompanying book launch and distribution. In
return, the School repaid £5,600 to the Foundation from the initial book sales. No further costs
are expected in this regard, and the Foundation expects to recover some or all of its costs
incurred to date from future book sale proceed5.
th
10.10 Income from interest on deposits amounted to £2,222 on unrestricted funds and £90 on
restricted funds. Investment income accruing from the invested assets amounted to £189,748
into unrestricted funds, £2,583 into the JM Raven restricted fund and £1,103 into prize funds.
10.11 There was a net gain from realised and unrealised 8ains/losses on general investments of
£500,202.
ii.
Statements
11.1
The Trustees have no reason to believe that the value of the Foundation's assets differs
materially from that shown in the accounts.
11.2 The Trustees have no reason to believe that the Foundation's assets are not available and
adequate to fulfil its charitable obligations.
11.3 In setting the objectives of the Foundation and planning its activities, the Trustees have given
careful consideration to the Charity Commission's General Guidance on Public Benefit and in
particular its Public Benefit Guidance on Advancin8 Education.
Page 13

11.4 The Trustees, Reserve Policy is to hold sufficient funds to meet the objectives of the
Foundation over the lon8term. The Foundation held total funds of £5,945,890 as at 31 August
2024. This represents restricted funds of £105,445 Endowment Funds of £5,120.740 and
unrestricted funds of £719,705.
11.5 When recruiting new Trustees, the Trustees take into account the attributes they will bring.
Where possible, the Trustees as a body will have experience in legal, accountancy and
education matters.
Chalrman
Date
Page 14

AYLESBURY GRAMMAR SCHOOL FOUNDATION
REPORT ANfD FINANCIAL STATEMENTS
YEAR EIWED 31 AUGUST 2024
CHARITY NUMBER: 310626

AYLESBURY GRAMMAR SCHOOL FOUNDATION
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR EM)ED 31 AUGUST 2024
CONTENTS
Page
Trust¢¢s' Report
Auditor's Report
Statement of Financial Activities
Balance Sheet
Notes to Accounts
9-13

AYLESBURY GRAM￿ SCHOOL FOUNDATION
CHARITY IYUMBER: 310626
TRUSTEES REPORT FOR THE YEAR EI¥DED 31 AUGUST 2024
Scheme
The Foundation is governed by a Scheme of Charity Commissioners numb¢r¢d 42842
dated 24 March 1960 and subsequent variations thereto.
2. Truste
During the year to 31 August 2024 the Trustees were:
Kevin Hardern (Chairnian)
Wing Cdr Lee Cobley (resigned 5 July 2024)
Paul Bown
Mrs Jacqueline Brooker
Paul Buckland
James Collins
Obe Ejik¢me
3. Address
The address of the Foundation for correspondence is c/0 The Clerk to the Foundation,
Aylesbury Grammar School, Walton Road, Aylesbury, Bucks, HP217RP.
4. Clerk
As at the end of August 2024 the position of Clerk to the Foundation was vacant.
5. Banker
The Foundation's Banker is Lloyds Bank plc, l Market Square, Aylesbury, Bucks, HP20
ITD.
6. Auditors
The Foundation's auditor is Mr Paul West of PKW Accountancy Limited, I Church
%quar¢, Leighton Buzzard, Beds, LU7 IAE.
7. Investment Advisors
The Foundation has engaged two Investment Advisors. each charged with managing a
portion of the Foundation's restricted and unrestricted investments. The advisors are..
Ms Laila Carlton-meyrick of Coutts & Co., 440 Strand, London, WC2R OQS. and
Mr Ben Minter of Cazenove Capitsl, l London Wall Place, London EC2Y SAU.
8. Investment Powers
There are no specific inv¢stmcnt powers, the Scheme providing that any sum of cash at
any time belonging to the Foundation and nol needcd for working purpos¢s shall, unless
otherwise directed by the Ministcr of Education, be treated as capital and invested.

AYLESBURY GRAMMAR SCHOOL FOUNDATION
CHARITY NUMBER: 310626
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
Objeets
The objects of the Foundation are to provide benefits for the Aylesbury Grammar School ('Mhe
School") in the following ways:
a) Providing SULh special benefits for Ihe Schi)ol as may from time lo tiTne be agreed by the
Trustees.
b) A warding to beneficiaries Scholarships, Bursaries or Maintenance Allowances tenable at any
School, University or other place of learning, approved by the Trustees.
c) Providing financial assistance. outfits, clothing, tools, instruments or books to enable
beneficiaries to prepare for, or to assist their enty into or advancement in, a profession, trade
or calling.
d) Awarding Scholarships or Maintenance Allowances to enable beneficiaries to travel abroad
to pursue their education.
e) Providing, or assisting in provision of, facilitics for recreation and social and physical
training including the provision of coaching for athletics, sports and games, for beneficiaries
who are rcceiving primary, secondary or furthcr education.
fy The provision of financial assistance to enable beneficiaries to study music or other arts.
g) The provision of accommodation for any one or more persons employed at the School as a
residencc for such member of staff and any member of his or her family during th¢ period of
his or her employment if in the Trustees opinion it would be for the benefit of the school to
do so.
In thc abovc, "bcncficiaries" means persons who have not attained thc age of 25 years who attend
or have attcnded Aylesbury Grammar School and who, in the opinion of the Trustees, are in need
of tinancial assistance. A preferencc shall bc givcn to beneficiaries rcsidcnt in eith¢r ol thc
Ancicnt Parishc8 of Aylesbury or Walton.
10.
Statement of Trustec$' Responsibilities in respect of tbe accounts
The Charities Act 201 I requires the Trustees to prepare accounts for each financial year
which give a true and fair view of the state of affairs of the Foundation and of its
financial activities for that year. In preparing those accounts, the Trustees arc required
to:_
Select suitable accounting policies and then apply thcm consistently.
Make judgements dnd estimates that are reasonablc and prudent.
8iale whcihcr appliLabl¢ UK accounting standards and statements of recommended
practice have been followed subject to any material departures dis¢loscd and cxplained
in the fmancial statements"
Prepare ihe financial slaiements on the going concern basis unlcss it is inappropriate to
presume that the charity will continue in operation.
The trustees are r¢sponsible for keeping proper accounting records which disclose with
reasonable accuracy at the time the financial position of the charily at that time and
enable them to ensure that the financial statements comply wÉth thc regulations under
Section 154 of the Charities Act 201 l. They ar¢ also r¢sponsibl¢ for safcguarding the
assets of th¢ Charity and h¢nc¢ for taking reasonabl¢ sL¢ps for prevention and d¢trrtion
of fraud and other irregularities.

AYLESBURY GRA1vI￿ SCHOOL FOUNDATION
CHARrfY NUMBER: 310626
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
11. Activities during the Year
a) The Trustees met forn]ally four times during the year.
b) There were additions to Board of Trustees during the year. As noted aEK)ve. Wing
Commander Coblcy resigncd a8 a 'l'rustcc with effcct from 5 July 2024.
c) There have been no material chang¢s in the policy of the Foundation since th¢ last
annual report.
d) The costs that have been involved in the administration of the charity are audit and
accounting fees of £2,592, clerking fees of £500 and investment management costs of
£20.066. In addition, the Foundation has incurred costs of £152 in respect of bank
charges and £133 for third party liability insurance. No honoraria or expenses have
been paid to any of the Trustees.
e) Legal fe¢s of £2.977 w¢re incurrcd in respect of work on the registered titles of the
Foundation's land holding8. In addition. the Foundation made a payment of £3,600 to
a specialist for advice on the management of ihe foundation's land holdings
The Foundation contributed £4.000 to the School in respect of its ongoing
commitment to support school prizes, and £4,428 to support continuing developmcnt
of the alumnus database. In addition, the Foundation agreed to contribute £ l 0,000 to
th¢ School to support a onfroff special recognition programme for School staff,
g) The Foundation continues to support a student exchange programme with a partner
school in Toronto and contributed £4,138 towards air fares to enable students from the
School to participat¢ in the programme in the calendar years 2023 and 2024.
h) The Foundation contribut¢d £3,851 for equipment to the School from the JM Raven
fund which is specifically designated for this purpose.
i) The Foundation continued to underwrite the costs of thc 425th annivcrsary history of
Ihe School. In the year to August 2024, th¢ Foundation paid £16,388 towards the
production of the history book and £5,684 towards the accompanying book launch
and distribution. In retum, the School repaid £5,600 to the Foundation from the initial
book sales. No further costs are expected in this regard, and the Foundation expects
to recover some or all of its costs incU￿ed to date from future book sale proceeds.
j) Income from interest on deposits amounted to £2,222 on unrestricted funds and £90
on restricted funds. Inveslment income accruing from the invested assets amountcd to
£189,748 into unrestricted funds, £2,5 83 into the JM Raven restricted fund and £1,103
into prize funds.
k) Ther¢ a net gain from realised and unrealised gains/losse.s on general investments
of £500,202.

AYLESBURY GRAMMAR SCHOOL FOUNDATION
CHAIUTY NUMBER: 310626
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
12. Statements
a) The Trustces have no reason to believe that the value of the Foundation's assets
diff¢rs materially froTn that shown in the accounts.
b) The Trustees have no reason to believe that the Foundation's assets are not available
and adequat¢ to fulfil its charitable obligations.
c) In setting the objectives of the Foundation and planning its activities. the Trustees
have given carefijl consideration to the Charity Commission's General Guidance on
Public Benefit and in particular its Public Benefit Guidance on Advancing
Education.
d) The Trustees, Reserve Policy is to hold suificient funds to meet the objectives of the
Foundation over the long tern]. The Foundation holds totsl funds of £5,945,890 as at
the 31 August 2024. This represents restricted funds of £105,445. Endowment funds
of £5,120,740 and unr¢stricted funds of £719,705.
e) When recruiting new Trustees, the Trustees take into account the attributes they will
bring. Where possible, the Trustees as a body will have experience in legal,
accountancy and education matters.
Chairman:
K. HArdern
Date:
13
2025

AYLESBURY GRAMMAR SCHOOL FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
We have audited the financial statements of Aylesbury Grammar School Foundation for the year
ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet
and the related notes. The financial reporting framework that has been applied in their preparation
is applicable law and United Kingdom Accounting Standards (United Kingdom G¢n¢rally
Accepted Accounting Practice), including FRS 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland"
This report is made solely to the charity's trustees, as a body, in accordance with Section 144 of
the Charities Act 201 l and the regulations made under section 154 of that Acl. Our audit work
has been undertaken so that we might statc to the charity's trustccs those matters we are required
to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by
law, we do not accept or assume responsibility to anyone other than the charity and its trustees &5
a body, for our audit work, for this report, or for the opinions we have fornied.
Respective responsibilitie8 of trustees and auditors
As explained more fully in the Trustees, Responsibilities Statement, the trustees are responsible
for the preparation of financial statements which give a true and fair view and for such intcrnal
control as the trugtees deterniine is necessary to enable the preparation of financial statements that
are free from material statemenL whether due to fraud or error.
We have been appointed as auditor under Section 144 of the Charities Act 201 l and r¢port in
accordance wilh regulalions made under Seclion 154 of that Act. Our responsibility is to audit
and express an opiiiion on the financial statcments in accordance with applicable law and
International Standards on Auditing (UK). Those stsndards require us to comply with the
Auditing Practice Board's (APB'S) Ethical Standards for Auditors.
Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts of disclosures in the financial statements
sufficient to give reasonable assurance that the financial statements are fr¢¢ from material
misstatement, whether caused by fraud or error. This includes an assessment of: whether the
accounting policies ar¢ appropriate to the charity's circumstances and have bccn consistently
applied and adequately disclosed. the reasonableness of significant accounting estimates made by
thc trustccs. and thc overall presentation of the financial statsments.
In addition, we read all the financial and non-financial inforniation in the Trustees, Annual Report
to identify material inconsistencies with the audited fmancial statements and to identify any
inforniation that is apparently materially incorrect based on, or materially inconsistent with the
knowledge acquired by us in the course of perforniing the audit. If we become aware of any
apparent material misstatements or inconsistencies we consider the implications of our report.
Opinion of financial statements
In our opinion the financial slatcmcnts:
give a true and fair view of the state of the charity's affairs as at 31 August 2024, and of
its incoming resources and application of resources. for the year then ended.
have been woperly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.
Have been prepard with thc r¢quircTnents of the Charities Act 2011.

AYLESBURY GRAMMAR SCHOOL FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES (Continued)
Conclusions relating to going concern.
We have nothing to report in respect of the following matters in relation to which the ISAS (UK)
require us to rcport to you whcre:
The trustee's use of the going concern basis of accounting in preparation of the financial
statements is not appropriate. or
The truslee has not disclosed in the financial statements any identified material
uncertainties that may cast significant doubt about the charity's ability to continue to
adopt the going concern b&is of accounting for a period of at least twelve months from
the date when the financial statements are authoriscd for issue.
MAtters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities Act 2011
requires us to report to you if, in our opinion:
the inforniation given in the Report of the Trustees is inconsistent in any material respect
with the financial statements. or
suffiLient accounting records have not been kept. or
the financial statements are not in agrecment with the accounting records and returns. or
we have not received all the inforniation and explanations we require for our audit.
PKW Accountancy Limitsd
Statutory Auditor
2nd Floor
I Church Square
Leighlon Bu/.7.ard
Bedfordshire
LU7 IAE
2025
PKW Accountancy Limitcd is eligibl¢ to act as an auditor in ternis of section 1212 of the
Companies Act 2006.

AYLESBURY GRAM￿ SCHOOL FOUNDATION
STATEMENT OF FINANCLIL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted R¢$tri¢ted Endowment Total Funds Total Funds
Funds
Funds
Funds
2024
2023
Notes
INCOME AND ENDOWNMENTS FROM:
Investtn¢nt
14,081
Charitable activities
5.600
3,776
174,203
192,060
5,600
163,644
18
Total Income
19.681
3.776
174,203
197.660
163,662
EXPENDITURE ON
Raising funds
Charitsble Activities
Other
2,128
26,249
26,341
145
(2,149)
17,793
20,066
24,100
26,341
16,685
119,759
3,284
Totsl Expenditure
54,718
(2,004)
17,793
70,507
139,728
Net Ineome/(expenditure)
Trdrn5f￿ b¢twe¢n funds
(35.037)
169,988
5.780
156.410
(169,988)
127.153
23,934
134,951
5,780
(13,578)
127,153
23,934
Other recognised gainsl
(losses)
Gains/(Losses) on investsnent assets
48,551
7,629
444,022
500,202
(67,488)
Net Movement in Funds
Reconciliation of Funds
Totsl Funds brought forward
183,502
13.409
430,444
627,355
(43,554)
536,203
92,036
4,690,296 5,318,535 5,362,089
Tot¥1 Fund carried forward
719,70S
iOS,44S
5,120,740 S,945,890 S,318,S35

AYLESBURY GRAMMAR SCHOOL FOUNDATION
BALANCE SHEET AS AT 31 AUGUST 2024
nr¢stricted Restricted Endowment Total Funds Total Funds
Funds
Funds
Funds
2024
2023
Notes
Fixed Assets
Tangible assets
InvesLn]¢nls
5,000
5,115,740
5,000
5,000
5,670,503 5,174,292
450,230
104,533
450,230
104,533
5.120,740
5,675,503 5,179.292
Current Assets
Cash at bank
271,947
4.912
276,859
153,493
271,947
4,912
276,859
153,493
Creditors
Amounts falling due
within one y¢ar
io
2,472
4,000
6,472
14,250
Net Current Assets
269,475
912
270,387
139,243
Total Assets Less
Current LlabllStles
719.705
105,445
5,120.740 5,945,890 5,318,535
Funds
Unrestri¢t¢d
Restricted
Endowment
719,705
719,705
536,203
105.445
92,036
5,120,740 5,120,740 4,690,296
105.445
719.705
105,445
5,120,740 5,945,890 5,318,535
Approved by the Board of Truste¢s on ... .
. 2025 and signed on its behalf by:
K Hardern - Trustse
ins - Trustee

AYLESBURY GRAMMAR SCHOOL FOIJNDATION
NOTES TO THE AccouNfs FOR THE YEAR ETIDED 31 AUGUST 2024
Accounting Policies
The charity constitutes a public benefit entity as defined by FRS 102. The Financial
Statements have been prepared in accordance with the Statement of RccoTnmcnded
Practice: Accounting and Reporting by Charities pr¢paring their accounts in accordance
with the f4inan¢ial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) revised Octobcr 2019, and th¢ Financial R¢porting Standard applicable in the
United Kingdom, Republic of Ireland (FRS 102) and the Charities Act 201 l and UK
General Accepted Practice as it applies from l January 2015.
The financial statements have been prepared to give a 'true and fair, view and have
departed from the Charities (Accounts and Reports) Regulations 2008 only to Ihe extent
required to provide a 'true and fair view,. This departure has involved following the
Accounting and Reporting by Charities: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) revised October 2019 rather than
the Accounting and Reporting by Charities: Statement of Recommended Practice
effective from l April 2005 which has since been withdrawn
The presentation currency of the financial statements is thc pound st¢rling (£) and the
financial statements are the rounded to the nearest £.
The particular accounting policies are described below:
a) Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention as
modified by the revaluation of certain fix¢d assets.
b) Investments
The Foundation's policy is to hold investments primarily in order to generate income
that can be applied to the charity's objectives. Fixed asset investments are stated at
market value.
c) Fixed Assets
The charity owns land which has planning perniission and has been valued at market
value.
The charity owns the school site and associated buildings and playing fields. These
may only be used for purposes consistent with an ¢du¢ational establishment and
therefore have little or no value by thems¢lv¢s. They are excluded from the f￿anCIal
statements.
d) Voluntary income
All voluntary income is accounted for gross when rcccivcd. Income is stated gross of
incomc tax repayments.
e) F.xpenditure
All expenditure is accounted for gross when incurred. Known expenditure, incurred
but not yet paid, is accrued for.

AYLESBURY CRAI￿AR SCHOOL FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YFAR ENDED 31 AUGUST 2024 (Continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance
of the general objectives of the charity and which have not been designated for other
purposes.
Restrictcd funds are funds which are to be used in accordance with specific
restrictions imposed by donors or which have been raised by the charity for particular
purposes. The co8l of r4*ising and administering such fund8 a￿ charged against the
specific fuiid. The aim and use of each restricted fi￿d is set out in the notes to the
financial statements.
Endowment funds represent those assets which must be held pennanently by the
charity, principally investments. Any capital gains or losses arising on the
investments fonn part of the fund. Investment management charges relating to the
fLmd are charged against the fund.
Investment income and gains are allocatsd to the appropriate fund.
Incoming Resources from ChAritable Activities
2024
2023
Rent
Other
5,600
18
5,600
18
Charitable Activities Expenditure
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Total Funds
21123
Payments to Aylesbury
Grammar School
School Prizes
26,249
3,851
(6,000)
30,100
(6,000)
115,759
4,000
26.249
(2,149)
24,100
119,759
Costs of Generating Funds
Unrestricted
Funds
Restrieted Endowment
Funds
Totsl Funds Total Funds
2024
2023
Legal & professional costs
for invc.%tments
2,128
145
17,793
20,066
16,685
10

AYLESBURY GRAMM￿ SCHOOL FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
Other Costs
Unrestricted Restricted Endowment Total Funds Total Funds
Funds
Funds
Funds
2024
2023
Auditors, remuncration
1,386
Other expenses
1.990
History ofslhool
16,388
L¢gal and professional expenses 6,577
1,386
1,990
16.388
6,577
1,185
2,099
26,341
26,341
3,284
Comparatives for the Statement of FinanciAI Activities
Unrcstricted Restricted Endowment Total Funds
Funds
Funds
Funds
2023
Notes
INCOME AND ENDOWNMENTS FROM..
Investment
8,944
Charitable activities
18
3,296
151,404
163,644
18
Total Income
8,962
3,296
151,404
163,662
EXPENDITURE ON
Raising funds
Charitable Activities
Other
1,342
115.759
3,284
82
4,000
15,261
16,685
119,759
3,284
Total Fxpendlture
120,385
4,082
15,261
139.728
Net Income/(expendlture)
l TangfeTS between funds
(111.423)
129263
(780)
136,143
(129,263)
23,934
17,840
(786)
6,880
23,934
Other recognised gainsl
(logses)
Gainsl(L055es) on investment assets
3,420
(2,425)
(68,483) (67,488)
Net Movement ID Funds
RteoneiliMtioD of Funds
Total Funds brought forward
21,260
(3,211)
(61.603)
(43.554)
514.943
95.247
4,751,899 5,362,089
Total Fund Carried fonvard
536203
92,036
4,690,296 5,318,535

AYLESBI3RY GRAMMAR SCHOOL FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR EM)ED 31 AUGUST 2024 (ContlDued)
Comparatives for the Balance Sheet
Unrestricted Restricted Endowment Total Funds
Funds
Funds
Funds
2023
Notes
Fixed Assets
Tangible assets
Investments
5,000
4,685,296
5,000
5,174.292
391.949
97,047
391,949
97,047
4,690,296 5,179,292
Current Assets
Cash at bank
146,504
6,989
153,493
146,504
6,989
153,493
Creditors
Amounts falling due
within onc year
io
2,250
12,000
14,250
Nct Currcnt Assets
144,254
(5,011)
139,243
Total Assets Less
Current Ll8blllties
536,203
92,036
4.690.296 5,318,535
Funds
Unrestrlcted
Restricted
F.ndowment
536,203
536,203
92,036
4,690,296 4,690,296
92,036
536.203
92,036
4.690,296 5.318.535
Tangible Fixed Assets
Freehold Land
5,000
Cost or valuation at 31 August 2023 and 31 August 2024
This amount relates to a small parcel of undeveloped land in the Broughton area which the
Foundation continues to hold.
The Foundation also owns the main school site together with the playing fields in .1 urnfurlong and
th¢ Victoria Park site. The Foundation has leased the land and buildings to the Academy Trust on a
125 year lease at nil cost which commenced on l July 201 l. The Trustees have no rÈ8hts to sell or
transfer them as long as the lease is in place, and therefore assume no real value.
12

AYLESBIJRY GIl4m￿ SCHOOL FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
Fixed Asset Investments
2024
2023
Listed investments:
Market value at 31 August 2024
Additions
Disposals
Movement in cash accounl
Net (Loss)/Profit on revaluation at 31 August 2024
5.174.292 5,228.323
2,826,570
840,560
(2.602,269) (858,928)
19,719
(16,533)
253,191
(19,130)
Market value at 31 August 2024
5,670,503 5,174,292
Historical cost at 31 August 2024
5,215,538 4,991,944
10. Creditors
2024
2023
Amounts falling duc within one year:
Accruals and deferred income
6.472
14,250
6,472
14.250
11.
Restrlcted Funds
Reallsed and
Unrealised
Gain/
Loss
Balance
enditure on investments 31
Balance
Jncomin
3108 2023 Resources Ex
J M Raven fiund
School Priz¢ Fund
63.686
28,350
2.651
1.125
(3,996)
6,000
4,521
3,108
66,862
38,583
92,036
3,776
2,004
7,629
105,445
J M Raven Prize
This ￿nd was established in 1992 from the Estate of J M Raven. The Trustees may utilise the fund
for the objects of the charity, except that no funds shall be appropriated for building work.
School Priz¢ Fund
This lund was established from various donations. £4,000 was accrued for prizes during the year.
12. Transaetions with Trustees and Connectcd Persons
No Trustee or connected person received any remuneration or expenses. (2023 - £Nil).
13. Staff Costs
There were no staff costg. (2023 - £Nil).
13

AYLESBURY GRAMMAR SCHOOL FOUNDATION
REPORT ANfD FINANCIAL STATEMENTS
YEAR EIWED 31 AUGUST 2024
CHARITY NUMBER: 310626

AYLESBURY GRAMMAR SCHOOL FOUNDATION
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR EM)ED 31 AUGUST 2024
CONTENTS
Page
Trust¢¢s' Report
Auditor's Report
Statement of Financial Activities
Balance Sheet
Notes to Accounts
9-13

AYLESBURY GRAM￿ SCHOOL FOUNDATION
CHARITY IYUMBER: 310626
TRUSTEES REPORT FOR THE YEAR EI¥DED 31 AUGUST 2024
Scheme
The Foundation is governed by a Scheme of Charity Commissioners numb¢r¢d 42842
dated 24 March 1960 and subsequent variations thereto.
2. Truste
During the year to 31 August 2024 the Trustees were:
Kevin Hardern (Chairnian)
Wing Cdr Lee Cobley (resigned 5 July 2024)
Paul Bown
Mrs Jacqueline Brooker
Paul Buckland
James Collins
Obe Ejik¢me
3. Address
The address of the Foundation for correspondence is c/0 The Clerk to the Foundation,
Aylesbury Grammar School, Walton Road, Aylesbury, Bucks, HP217RP.
4. Clerk
As at the end of August 2024 the position of Clerk to the Foundation was vacant.
5. Banker
The Foundation's Banker is Lloyds Bank plc, l Market Square, Aylesbury, Bucks, HP20
ITD.
6. Auditors
The Foundation's auditor is Mr Paul West of PKW Accountancy Limited, I Church
%quar¢, Leighton Buzzard, Beds, LU7 IAE.
7. Investment Advisors
The Foundation has engaged two Investment Advisors. each charged with managing a
portion of the Foundation's restricted and unrestricted investments. The advisors are..
Ms Laila Carlton-meyrick of Coutts & Co., 440 Strand, London, WC2R OQS. and
Mr Ben Minter of Cazenove Capitsl, l London Wall Place, London EC2Y SAU.
8. Investment Powers
There are no specific inv¢stmcnt powers, the Scheme providing that any sum of cash at
any time belonging to the Foundation and nol needcd for working purpos¢s shall, unless
otherwise directed by the Ministcr of Education, be treated as capital and invested.

AYLESBURY GRAMMAR SCHOOL FOUNDATION
CHARITY NUMBER: 310626
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
Objeets
The objects of the Foundation are to provide benefits for the Aylesbury Grammar School ('Mhe
School") in the following ways:
a) Providing SULh special benefits for Ihe Schi)ol as may from time lo tiTne be agreed by the
Trustees.
b) A warding to beneficiaries Scholarships, Bursaries or Maintenance Allowances tenable at any
School, University or other place of learning, approved by the Trustees.
c) Providing financial assistance. outfits, clothing, tools, instruments or books to enable
beneficiaries to prepare for, or to assist their enty into or advancement in, a profession, trade
or calling.
d) Awarding Scholarships or Maintenance Allowances to enable beneficiaries to travel abroad
to pursue their education.
e) Providing, or assisting in provision of, facilitics for recreation and social and physical
training including the provision of coaching for athletics, sports and games, for beneficiaries
who are rcceiving primary, secondary or furthcr education.
fy The provision of financial assistance to enable beneficiaries to study music or other arts.
g) The provision of accommodation for any one or more persons employed at the School as a
residencc for such member of staff and any member of his or her family during th¢ period of
his or her employment if in the Trustees opinion it would be for the benefit of the school to
do so.
In thc abovc, "bcncficiaries" means persons who have not attained thc age of 25 years who attend
or have attcnded Aylesbury Grammar School and who, in the opinion of the Trustees, are in need
of tinancial assistance. A preferencc shall bc givcn to beneficiaries rcsidcnt in eith¢r ol thc
Ancicnt Parishc8 of Aylesbury or Walton.
10.
Statement of Trustec$' Responsibilities in respect of tbe accounts
The Charities Act 201 I requires the Trustees to prepare accounts for each financial year
which give a true and fair view of the state of affairs of the Foundation and of its
financial activities for that year. In preparing those accounts, the Trustees arc required
to:_
Select suitable accounting policies and then apply thcm consistently.
Make judgements dnd estimates that are reasonablc and prudent.
8iale whcihcr appliLabl¢ UK accounting standards and statements of recommended
practice have been followed subject to any material departures dis¢loscd and cxplained
in the fmancial statements"
Prepare ihe financial slaiements on the going concern basis unlcss it is inappropriate to
presume that the charity will continue in operation.
The trustees are r¢sponsible for keeping proper accounting records which disclose with
reasonable accuracy at the time the financial position of the charily at that time and
enable them to ensure that the financial statements comply wÉth thc regulations under
Section 154 of the Charities Act 201 l. They ar¢ also r¢sponsibl¢ for safcguarding the
assets of th¢ Charity and h¢nc¢ for taking reasonabl¢ sL¢ps for prevention and d¢trrtion
of fraud and other irregularities.

AYLESBURY GRA1vI￿ SCHOOL FOUNDATION
CHARrfY NUMBER: 310626
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
11. Activities during the Year
a) The Trustees met forn]ally four times during the year.
b) There were additions to Board of Trustees during the year. As noted aEK)ve. Wing
Commander Coblcy resigncd a8 a 'l'rustcc with effcct from 5 July 2024.
c) There have been no material chang¢s in the policy of the Foundation since th¢ last
annual report.
d) The costs that have been involved in the administration of the charity are audit and
accounting fees of £2,592, clerking fees of £500 and investment management costs of
£20.066. In addition, the Foundation has incurred costs of £152 in respect of bank
charges and £133 for third party liability insurance. No honoraria or expenses have
been paid to any of the Trustees.
e) Legal fe¢s of £2.977 w¢re incurrcd in respect of work on the registered titles of the
Foundation's land holding8. In addition. the Foundation made a payment of £3,600 to
a specialist for advice on the management of ihe foundation's land holdings
The Foundation contributed £4.000 to the School in respect of its ongoing
commitment to support school prizes, and £4,428 to support continuing developmcnt
of the alumnus database. In addition, the Foundation agreed to contribute £ l 0,000 to
th¢ School to support a onfroff special recognition programme for School staff,
g) The Foundation continues to support a student exchange programme with a partner
school in Toronto and contributed £4,138 towards air fares to enable students from the
School to participat¢ in the programme in the calendar years 2023 and 2024.
h) The Foundation contribut¢d £3,851 for equipment to the School from the JM Raven
fund which is specifically designated for this purpose.
i) The Foundation continued to underwrite the costs of thc 425th annivcrsary history of
Ihe School. In the year to August 2024, th¢ Foundation paid £16,388 towards the
production of the history book and £5,684 towards the accompanying book launch
and distribution. In retum, the School repaid £5,600 to the Foundation from the initial
book sales. No further costs are expected in this regard, and the Foundation expects
to recover some or all of its costs incU￿ed to date from future book sale proceeds.
j) Income from interest on deposits amounted to £2,222 on unrestricted funds and £90
on restricted funds. Inveslment income accruing from the invested assets amountcd to
£189,748 into unrestricted funds, £2,5 83 into the JM Raven restricted fund and £1,103
into prize funds.
k) Ther¢ a net gain from realised and unrealised gains/losse.s on general investments
of £500,202.

AYLESBURY GRAMMAR SCHOOL FOUNDATION
CHAIUTY NUMBER: 310626
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
12. Statements
a) The Trustces have no reason to believe that the value of the Foundation's assets
diff¢rs materially froTn that shown in the accounts.
b) The Trustees have no reason to believe that the Foundation's assets are not available
and adequat¢ to fulfil its charitable obligations.
c) In setting the objectives of the Foundation and planning its activities. the Trustees
have given carefijl consideration to the Charity Commission's General Guidance on
Public Benefit and in particular its Public Benefit Guidance on Advancing
Education.
d) The Trustees, Reserve Policy is to hold suificient funds to meet the objectives of the
Foundation over the long tern]. The Foundation holds totsl funds of £5,945,890 as at
the 31 August 2024. This represents restricted funds of £105,445. Endowment funds
of £5,120,740 and unr¢stricted funds of £719,705.
e) When recruiting new Trustees, the Trustees take into account the attributes they will
bring. Where possible, the Trustees as a body will have experience in legal,
accountancy and education matters.
Chairman:
K. HArdern
Date:
13
2025

AYLESBURY GRAMMAR SCHOOL FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
We have audited the financial statements of Aylesbury Grammar School Foundation for the year
ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet
and the related notes. The financial reporting framework that has been applied in their preparation
is applicable law and United Kingdom Accounting Standards (United Kingdom G¢n¢rally
Accepted Accounting Practice), including FRS 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland"
This report is made solely to the charity's trustees, as a body, in accordance with Section 144 of
the Charities Act 201 l and the regulations made under section 154 of that Acl. Our audit work
has been undertaken so that we might statc to the charity's trustccs those matters we are required
to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by
law, we do not accept or assume responsibility to anyone other than the charity and its trustees &5
a body, for our audit work, for this report, or for the opinions we have fornied.
Respective responsibilitie8 of trustees and auditors
As explained more fully in the Trustees, Responsibilities Statement, the trustees are responsible
for the preparation of financial statements which give a true and fair view and for such intcrnal
control as the trugtees deterniine is necessary to enable the preparation of financial statements that
are free from material statemenL whether due to fraud or error.
We have been appointed as auditor under Section 144 of the Charities Act 201 l and r¢port in
accordance wilh regulalions made under Seclion 154 of that Act. Our responsibility is to audit
and express an opiiiion on the financial statcments in accordance with applicable law and
International Standards on Auditing (UK). Those stsndards require us to comply with the
Auditing Practice Board's (APB'S) Ethical Standards for Auditors.
Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts of disclosures in the financial statements
sufficient to give reasonable assurance that the financial statements are fr¢¢ from material
misstatement, whether caused by fraud or error. This includes an assessment of: whether the
accounting policies ar¢ appropriate to the charity's circumstances and have bccn consistently
applied and adequately disclosed. the reasonableness of significant accounting estimates made by
thc trustccs. and thc overall presentation of the financial statsments.
In addition, we read all the financial and non-financial inforniation in the Trustees, Annual Report
to identify material inconsistencies with the audited fmancial statements and to identify any
inforniation that is apparently materially incorrect based on, or materially inconsistent with the
knowledge acquired by us in the course of perforniing the audit. If we become aware of any
apparent material misstatements or inconsistencies we consider the implications of our report.
Opinion of financial statements
In our opinion the financial slatcmcnts:
give a true and fair view of the state of the charity's affairs as at 31 August 2024, and of
its incoming resources and application of resources. for the year then ended.
have been woperly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.
Have been prepard with thc r¢quircTnents of the Charities Act 2011.

AYLESBURY GRAMMAR SCHOOL FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES (Continued)
Conclusions relating to going concern.
We have nothing to report in respect of the following matters in relation to which the ISAS (UK)
require us to rcport to you whcre:
The trustee's use of the going concern basis of accounting in preparation of the financial
statements is not appropriate. or
The truslee has not disclosed in the financial statements any identified material
uncertainties that may cast significant doubt about the charity's ability to continue to
adopt the going concern b&is of accounting for a period of at least twelve months from
the date when the financial statements are authoriscd for issue.
MAtters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities Act 2011
requires us to report to you if, in our opinion:
the inforniation given in the Report of the Trustees is inconsistent in any material respect
with the financial statements. or
suffiLient accounting records have not been kept. or
the financial statements are not in agrecment with the accounting records and returns. or
we have not received all the inforniation and explanations we require for our audit.
PKW Accountancy Limitsd
Statutory Auditor
2nd Floor
I Church Square
Leighlon Bu/.7.ard
Bedfordshire
LU7 IAE
2025
PKW Accountancy Limitcd is eligibl¢ to act as an auditor in ternis of section 1212 of the
Companies Act 2006.

AYLESBURY GRAM￿ SCHOOL FOUNDATION
STATEMENT OF FINANCLIL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted R¢$tri¢ted Endowment Total Funds Total Funds
Funds
Funds
Funds
2024
2023
Notes
INCOME AND ENDOWNMENTS FROM:
Investtn¢nt
14,081
Charitable activities
5.600
3,776
174,203
192,060
5,600
163,644
18
Total Income
19.681
3.776
174,203
197.660
163,662
EXPENDITURE ON
Raising funds
Charitsble Activities
Other
2,128
26,249
26,341
145
(2,149)
17,793
20,066
24,100
26,341
16,685
119,759
3,284
Totsl Expenditure
54,718
(2,004)
17,793
70,507
139,728
Net Ineome/(expenditure)
Trdrn5f￿ b¢twe¢n funds
(35.037)
169,988
5.780
156.410
(169,988)
127.153
23,934
134,951
5,780
(13,578)
127,153
23,934
Other recognised gainsl
(losses)
Gains/(Losses) on investsnent assets
48,551
7,629
444,022
500,202
(67,488)
Net Movement in Funds
Reconciliation of Funds
Totsl Funds brought forward
183,502
13.409
430,444
627,355
(43,554)
536,203
92,036
4,690,296 5,318,535 5,362,089
Tot¥1 Fund carried forward
719,70S
iOS,44S
5,120,740 S,945,890 S,318,S35

AYLESBURY GRAMMAR SCHOOL FOUNDATION
BALANCE SHEET AS AT 31 AUGUST 2024
nr¢stricted Restricted Endowment Total Funds Total Funds
Funds
Funds
Funds
2024
2023
Notes
Fixed Assets
Tangible assets
InvesLn]¢nls
5,000
5,115,740
5,000
5,000
5,670,503 5,174,292
450,230
104,533
450,230
104,533
5.120,740
5,675,503 5,179.292
Current Assets
Cash at bank
271,947
4.912
276,859
153,493
271,947
4,912
276,859
153,493
Creditors
Amounts falling due
within one y¢ar
io
2,472
4,000
6,472
14,250
Net Current Assets
269,475
912
270,387
139,243
Total Assets Less
Current LlabllStles
719.705
105,445
5,120.740 5,945,890 5,318,535
Funds
Unrestri¢t¢d
Restricted
Endowment
719,705
719,705
536,203
105.445
92,036
5,120,740 5,120,740 4,690,296
105.445
719.705
105,445
5,120,740 5,945,890 5,318,535
Approved by the Board of Truste¢s on ... .
. 2025 and signed on its behalf by:
K Hardern - Trustse
ins - Trustee

AYLESBURY GRAMMAR SCHOOL FOIJNDATION
NOTES TO THE AccouNfs FOR THE YEAR ETIDED 31 AUGUST 2024
Accounting Policies
The charity constitutes a public benefit entity as defined by FRS 102. The Financial
Statements have been prepared in accordance with the Statement of RccoTnmcnded
Practice: Accounting and Reporting by Charities pr¢paring their accounts in accordance
with the f4inan¢ial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) revised Octobcr 2019, and th¢ Financial R¢porting Standard applicable in the
United Kingdom, Republic of Ireland (FRS 102) and the Charities Act 201 l and UK
General Accepted Practice as it applies from l January 2015.
The financial statements have been prepared to give a 'true and fair, view and have
departed from the Charities (Accounts and Reports) Regulations 2008 only to Ihe extent
required to provide a 'true and fair view,. This departure has involved following the
Accounting and Reporting by Charities: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) revised October 2019 rather than
the Accounting and Reporting by Charities: Statement of Recommended Practice
effective from l April 2005 which has since been withdrawn
The presentation currency of the financial statements is thc pound st¢rling (£) and the
financial statements are the rounded to the nearest £.
The particular accounting policies are described below:
a) Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention as
modified by the revaluation of certain fix¢d assets.
b) Investments
The Foundation's policy is to hold investments primarily in order to generate income
that can be applied to the charity's objectives. Fixed asset investments are stated at
market value.
c) Fixed Assets
The charity owns land which has planning perniission and has been valued at market
value.
The charity owns the school site and associated buildings and playing fields. These
may only be used for purposes consistent with an ¢du¢ational establishment and
therefore have little or no value by thems¢lv¢s. They are excluded from the f￿anCIal
statements.
d) Voluntary income
All voluntary income is accounted for gross when rcccivcd. Income is stated gross of
incomc tax repayments.
e) F.xpenditure
All expenditure is accounted for gross when incurred. Known expenditure, incurred
but not yet paid, is accrued for.

AYLESBURY CRAI￿AR SCHOOL FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YFAR ENDED 31 AUGUST 2024 (Continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance
of the general objectives of the charity and which have not been designated for other
purposes.
Restrictcd funds are funds which are to be used in accordance with specific
restrictions imposed by donors or which have been raised by the charity for particular
purposes. The co8l of r4*ising and administering such fund8 a￿ charged against the
specific fuiid. The aim and use of each restricted fi￿d is set out in the notes to the
financial statements.
Endowment funds represent those assets which must be held pennanently by the
charity, principally investments. Any capital gains or losses arising on the
investments fonn part of the fund. Investment management charges relating to the
fLmd are charged against the fund.
Investment income and gains are allocatsd to the appropriate fund.
Incoming Resources from ChAritable Activities
2024
2023
Rent
Other
5,600
18
5,600
18
Charitable Activities Expenditure
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Total Funds
21123
Payments to Aylesbury
Grammar School
School Prizes
26,249
3,851
(6,000)
30,100
(6,000)
115,759
4,000
26.249
(2,149)
24,100
119,759
Costs of Generating Funds
Unrestricted
Funds
Restrieted Endowment
Funds
Totsl Funds Total Funds
2024
2023
Legal & professional costs
for invc.%tments
2,128
145
17,793
20,066
16,685
10

AYLESBURY GRAMM￿ SCHOOL FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
Other Costs
Unrestricted Restricted Endowment Total Funds Total Funds
Funds
Funds
Funds
2024
2023
Auditors, remuncration
1,386
Other expenses
1.990
History ofslhool
16,388
L¢gal and professional expenses 6,577
1,386
1,990
16.388
6,577
1,185
2,099
26,341
26,341
3,284
Comparatives for the Statement of FinanciAI Activities
Unrcstricted Restricted Endowment Total Funds
Funds
Funds
Funds
2023
Notes
INCOME AND ENDOWNMENTS FROM..
Investment
8,944
Charitable activities
18
3,296
151,404
163,644
18
Total Income
8,962
3,296
151,404
163,662
EXPENDITURE ON
Raising funds
Charitable Activities
Other
1,342
115.759
3,284
82
4,000
15,261
16,685
119,759
3,284
Total Fxpendlture
120,385
4,082
15,261
139.728
Net Income/(expendlture)
l TangfeTS between funds
(111.423)
129263
(780)
136,143
(129,263)
23,934
17,840
(786)
6,880
23,934
Other recognised gainsl
(logses)
Gainsl(L055es) on investment assets
3,420
(2,425)
(68,483) (67,488)
Net Movement ID Funds
RteoneiliMtioD of Funds
Total Funds brought forward
21,260
(3,211)
(61.603)
(43.554)
514.943
95.247
4,751,899 5,362,089
Total Fund Carried fonvard
536203
92,036
4,690,296 5,318,535

AYLESBI3RY GRAMMAR SCHOOL FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR EM)ED 31 AUGUST 2024 (ContlDued)
Comparatives for the Balance Sheet
Unrestricted Restricted Endowment Total Funds
Funds
Funds
Funds
2023
Notes
Fixed Assets
Tangible assets
Investments
5,000
4,685,296
5,000
5,174.292
391.949
97,047
391,949
97,047
4,690,296 5,179,292
Current Assets
Cash at bank
146,504
6,989
153,493
146,504
6,989
153,493
Creditors
Amounts falling due
within onc year
io
2,250
12,000
14,250
Nct Currcnt Assets
144,254
(5,011)
139,243
Total Assets Less
Current Ll8blllties
536,203
92,036
4.690.296 5,318,535
Funds
Unrestrlcted
Restricted
F.ndowment
536,203
536,203
92,036
4,690,296 4,690,296
92,036
536.203
92,036
4.690,296 5.318.535
Tangible Fixed Assets
Freehold Land
5,000
Cost or valuation at 31 August 2023 and 31 August 2024
This amount relates to a small parcel of undeveloped land in the Broughton area which the
Foundation continues to hold.
The Foundation also owns the main school site together with the playing fields in .1 urnfurlong and
th¢ Victoria Park site. The Foundation has leased the land and buildings to the Academy Trust on a
125 year lease at nil cost which commenced on l July 201 l. The Trustees have no rÈ8hts to sell or
transfer them as long as the lease is in place, and therefore assume no real value.
12

AYLESBIJRY GIl4m￿ SCHOOL FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
Fixed Asset Investments
2024
2023
Listed investments:
Market value at 31 August 2024
Additions
Disposals
Movement in cash accounl
Net (Loss)/Profit on revaluation at 31 August 2024
5.174.292 5,228.323
2,826,570
840,560
(2.602,269) (858,928)
19,719
(16,533)
253,191
(19,130)
Market value at 31 August 2024
5,670,503 5,174,292
Historical cost at 31 August 2024
5,215,538 4,991,944
10. Creditors
2024
2023
Amounts falling duc within one year:
Accruals and deferred income
6.472
14,250
6,472
14.250
11.
Restrlcted Funds
Reallsed and
Unrealised
Gain/
Loss
Balance
enditure on investments 31
Balance
Jncomin
3108 2023 Resources Ex
J M Raven fiund
School Priz¢ Fund
63.686
28,350
2.651
1.125
(3,996)
6,000
4,521
3,108
66,862
38,583
92,036
3,776
2,004
7,629
105,445
J M Raven Prize
This ￿nd was established in 1992 from the Estate of J M Raven. The Trustees may utilise the fund
for the objects of the charity, except that no funds shall be appropriated for building work.
School Priz¢ Fund
This lund was established from various donations. £4,000 was accrued for prizes during the year.
12. Transaetions with Trustees and Connectcd Persons
No Trustee or connected person received any remuneration or expenses. (2023 - £Nil).
13. Staff Costs
There were no staff costg. (2023 - £Nil).
13