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2021-08-31-accounts

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

SARAH, DUCHESS OF SOMERSET

obit 25th October 1692

re-endowed the Tottenham Grammar School.

ANNUAL REPORT 2020-2021

Charity Registration No. 312634

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Co-opted Trustees Mr F Gruncell (Chairman)
Mr T Clarke
Mr P Compton (Vice Chairman)
Mr J Fowl
Mr G Kantorowicz
Ms V Philips (Resigned 18/05/2021)
Mr K Brown
Mr D Levy
Mr D Kaplan
Ms A Waters (Appointed 20/07/2021)
Trustees appointed by Mr A Krokou
the London Borough of Ms B Blake
Haringey
Clerk to the foundation G Chappell
Charity number 312634
Principal address PO Box 34098
London
N13 5XU
Auditor Bacha & Bacha (Audit) Limited
Stirling House
107 Stirling Road
London
N22 5BN
Bankers Multrees Investor Services Ltd
Seven Investor Services Ltd
The Royal Bank of Scotland Plc
Solicitors Clifford Chance
Investment advisors Savills Investment Management (UK) Limited
GAM London Limited
Stonehage Fleming Pooled Investments (Ireland) plc
Gracechurch Wealth Management LLP

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

CONTENTS

Page
Trustees' report 1 - 6
Independent auditor's report 7 - 9
Statement of financial activities 10
Balance sheet 11
Statement of cash flows 12
Notes to the accounts 13 - 18
Appendix 1 - Grants of £1,000 or more 19 - 24
Appendix 2 - Extract from the Scheme of the Foundation 25
Appendix 3 - Rules for the management of the Foundation 26 - 27
Appendix 4 - Conditions of Somerset Awards 28
(including Undergraduates Awards)
Appendix 5 - Advice to schools requesting grants 29 - 30
Appendix 6 - Advice to organisations requesting grants 31 - 32

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2021

The trustees present their annual report and financial statements for the year ended 31 August 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Scheme , the Charities Act 2011 and “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) (effective 1 January 2015)”

Objectives and activities

The objects of the charity are to promote the education of persons under the age of 25 years who or whose parents are resident in the London Borough of Haringey or who have at any time attended as a pupil at a school in that London Borough and who are in need of financial assistance. Further objects are to provide benefits at any maintained schools and colleges in the London Borough of Haringey that are not normally provided by the Local Education Authority or Governing Body. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance in public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policies for the year.

The policy and objectives of the Charity continue to be fulfilled through the finances raised from its sound

investment portfolio.

As last year, some aspects of the foundation’s operations were affected by the COVID-19 pandemic. At the commencement of the academic year, the trustees lifted the partial suspension of the foundation’s grantmaking activities that had been in place for the latter half of the 2019-2020 period. A few scheduled meetings were cancelled in response to the further lockdowns and reduction in the volume of funding requests being received. Students’ applications and claims for Somerset and Somerset Undergraduate Awards continued to be processed and paid but, understandably, such activit ies were lower than previous years. As in the prior year, overall expenditure for the 2020-2021 year also fell significantly below the budgeted level.

Grant making policy

For the period covered by this report, the individual Somerset Undergraduate Award's total value remained at a maximum of £1,050 payable to an eligible student in annual instalments of £250 for their first year, £350 for their second year and £450 for their third year. The Somerset (further education) Award remained at £250 per year.

The rules and conditions for Somerset Awards and Somerset Undergraduate Awards are reviewed annually. At their meeting held in February 2021 the trustees added a further sentence to condition (vi) to accommodate an alternative claim submission option that was found to be necessary due to the changes in methods of studying imposed on many students due to the lockdowns. The updated conditions can be viewed in Appendix 4 of this report. For 2020-2021, the trustees made no changes to the previous year's budget heads. The list of budget heads was as follows: Arts, Borough-wide/Post schools, educational activities, P.E and games, primary schools, primary schools book budget, Somerset awards, scholarships, special needs in mainstream schools, special schools and administration.

The foundation's Awards Committee closely monitors the demand levels for both types of Somerset Awards. The Somerset Individualised Supplementary Award operates in partnership with the College of Haringey, Enfield and North East London’s Learner Support Team to help provide targeted support to young Haringey residents who might otherwise fail to reach their potential due to personal and or family economic constraints. Awards with a total value of £13,450 were made in 2019-2020 (£12,800 in 2018-2019) however, whilst a £15,000 budget provision was made, no Awards were requested in 2020-2021.

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Achievements and performance

Due to the pandemic, none of the trustees’ occasional visits to schools and other establishments could take place. In normal times, these visits form an important part of the foundation's year providing opportunities for informal meetings between staff, students and trustees.

Awards and grants totalling £722,012 (£1,093,728 in 2019-2020) were paid during the year. 106 grants of £1,000 or more were made to schools and other institutions. Details of the 51 largest aggregated payments to organisations during the year can be found in Appendix 1, attached to the accounts.

The provision for Somerset Awards in the foundation's budget for 2020-2021 was £333,000 (£343,000 in 2019-2020) and awards totalling £282,259 (£314,293 in 2019-2020) were paid during the year.

In 2020-2021 a significant number of students, 110 out of 599 (18%), failed to take up their Undergraduate Award. As in previous years, this figure could not be forecasted with any degree of accuracy, however, it is a decrease on the 21% rate in 2019-2020.

During the year a total of 244 new Somerset Undergraduate Awards were approved. This represented a 16% decrease over the previous year and a continuation of the trend of reducing levels seen in earlier years. It still remains unclear how the 40% boost to the Somerset Undergraduate Awards' total value, introduced in 2016-2017, has affected application rates. The early indications for 2021-2022 are that numbers are continuing to decrease.

For Somerset Awards, the increase in the number of students applying seen in some recent years has not continued. The 42% reduction in 2020-2021 (3% decrease in 2019-2020) over the previous year was clearly made worse by the effects of the pandemic. Early indications for 2021-2022 show that there may be a further decrease.

The Foundation approved 65 Special Somerset Awards totalling £45,359 for the year compared to 58 in 2019-2020 for a total amount of £39,693.

Grants to the value of £76,377 were given specifically for primary schools during the year (£188,365 in 2019-2020). This total includes grants made under the Books for Primary Schools budget. The foundation continues to provide grants to schools for the cost of musical instrument hire as part of the Borough's Whole Class Instrumental Teaching scheme. Each year a fixed formula is agreed with the Head of Haringey's Music Service. 36 classes in 19 schools had participated in the scheme during 2019-2020. However, due to the pandemic, claims were received for only 27 classes in 13 schools during 2020-2021.

Trustees have continued to use their discretion when considering requests for grants from secondary schools so as to comply with the requirement contained within the Scheme that these be restricted to those items not normally provided by the Local Education Authority. As in previous years, a number of grants in 2020-2021 were approved to help with the costs of school trips. Usually, trustees will restrict such grants to the benefit of pupils in financial hardship. Amongst the destinations this year were, Berlin, Pendarren Slough and Surrey.

During the year grants totalling £50,793 were paid for Grants to Special Schools and Special Needs in mainstream schools (£59,782 in 2019-2020). The foundation's assistance to young people with special needs who have moved into post-school education continues to be a high priority and trustees have been pleased to continue the sponsorship of a number of trainees at the Harington Scheme which prepares young people with learning difficulties for careers in horticulture. In 2020-2021 £42,000 was approved for this purpose (£42,000 in 2019-2020). Where there is variation between years, it is directly related to the number of Haringey residents joining the Scheme.

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

The agreement between the foundation, the Local Authority and the local NHS Trust regarding funding for communication aids for Special Needs pupils with severe disabilities has continued to operate. However, whilst five Special Somerset AAC (Augmentative and Alternative Communication) Awards were agreed and initiated in 2020-2021, only one could be concluded during the year. The remaining four will therefore carry over to the 2021-2022 Academic Year. Each partner has committed to earmark an annual sum of £20,000 therefore creating a total fund of £60,000 for this very important service. The scheme is coordinated by the team of Speech and Language Therapists (SLTs) based at the Vale Special School. This team also provide an initial assessment function for the Foundation’s non-AAC Special Somerset Award applications for Special Needs pupils.

Grants totalling £87,844 (£205,381 in 2019-2020) were awarded during the year for Physical Education and Games. A wide variety of sports in the Borough received some form of aid, either directly or indirectly, from the foundation. The Haringey Sports Development Trust receives a significant number of Somerset Grants each year. They will occasionally act on behalf of some of the smaller sports clubs in the Borough and often provide additional support to new clubs. Some of the trust’s initiatives are designed to create, and sometimes recreate, clubs in under-represented sports in targeted locations.

Grants totalling £48,653 (£70,462 in 2019-2020) were given during 2020-2021 for the Arts in Haringey schools and voluntary organisations. Grants were awarded for a variety of purposes including visits to theatres and art galleries and performances by both school and Borough-wide groups. Trustees will usually try to attend some of these and, when they can, continue to be impressed by the generally high level of the work achieved.

Grants totalling £12,712 (£44,138 in 2019-2020) were paid out in 2020-2021 for assistance with school journeys, educational visits and attendance at sporting events or special courses. The assistance which the Foundation provides also enables many young people to participate in a large number of activity programmes, often during the summer vacation, which are provided by voluntary bodies, especially for disadvantaged young people and those with special needs.

Financial review

As the developed world became vaccinated against COVID 19 and fears of a major global recession receded, the rally in world equity markets that had started in the second quarter of 2020, continued through to the end of the foundation’s financial year in August 2021. During the financial year the World Equity Index rose by 24.3% and the foundation’s equity portfolio provided a return of 22.4%. However, expectations of higher inflation and higher interest rates, resulted in a poor environment for government bonds many of which were already offering very low and frequently negative “real” (inflation adjusted) yields. During the year the total return from the World Bond Index was a negative 5.6%. Against this background the foundation’s income generating assets, by avoiding conventional bonds and investing in high yielding equity and other financial instruments, gave a positive return of 10.6%. The foundation’s small property investment also generated a positive return of 7.1% to give the total portfolio a combined return of 18.3% which compares favourably with the performance of other charities and comparable investors of 16.6% as represented by the ARC index. Strong investment performance and the relatively low level of applications for grants during COVID has resulted in a significant increase in the Foundation’s assets and has led the Trustees to increase its budget for the 2021-2022 financial year to £1,350,000.

Reserves policy

The trustees recognise that they are publicly accountable for their stewardship of the foundation's funds. It is acknowledged that there is a regulatory requirement to explain any policy trustees have for holding reserves of unrestricted funds and to state the amounts of those reserves and why they are held. Noting that all of the foundation's funds are restricted, the trustees have accepted that recognising as reserves any figure other than the reported fund balance at the close of the financial year is unnecessary. Therefore, the need for a policy on the holding of reserves is also negated. The fund balance as at 31 August 2021 was £28,545,170.

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Risk assessment

The Trustees acknowledge their responsibility to actively identify and manage risks. The f oundation’s Finance Committee considers r isk s at each of its meetings by reviewing the investment objective of the f oundation which is "to diversify by asset class and to diversify by manager within asset class". This is coupled with the need to "balance yield with potential capital gain to maintain the long term real value of the f oundation's grant and award programme". The t rustees believe that maintaining the free reserves as stated above, will provide sufficient resources in the event of adverse conditions. This, combined with an annual review of controls over key financial systems, enables them to confirm that appropriate systems are in place to mitigate significant risks.

The future

Whilst assistance to individual young people lies at the heart of the foundation’s activities and must continue to be given priority, trustees cannot ignore the needs of schools and voluntary groups within the Borough where, within the terms of the Scheme for the Regulation of the foundation, much assistance can be made available. Trustees have to rely on the co-operation of the Local Education Authority and the management committees of the voluntary groups in ensuring that the best use is made of all that the foundation can provide.

The foundation has a website (www.tgsf.info). It is designed and implemented by the clerk to the foundation as a basic “no frills” resource to meet most of the needs of most enquirers. The latest versions of the five standard application forms can be downloaded or requested. The site also provides access to some of the foundation’s past annual reports. The site has links to some related organisations, for example Tottenham Grammar School Old Boys. Since 2010 students wishing to apply for either of the two main Awards (the Somerset Award and the Somerset Undergraduate Award) can do so on-line via the website.

Structure, governance and management

The charity is constituted by a Scheme as approved by the Charity Commissioners on 2nd March 1989 and modified on 4th October 2000.

Reference and administrative information

The trustees who served during the year were:

Mr K Brown Mr T Clarke Mr P Compton Mr J Fowl Mr G Kantorowicz Mr A Krokou Ms V Phillips (Resigned 18 May 2021) Mr F Gruncell Ms Barbara Blake Mr D Levy Mr D Kaplan Ms Ann Waters

(Appointed 20 July 2021)

Clerk to the foundation G Chappell

Principal address PO Box 34098, London, N13 5XU

Charity number: 312634

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Auditor

Bacha & Bacha (Audit) Limited, Stirling House, 107 Stirling Road, London, N22 5BN

Bankers

Multrees Investor Services Ltd, 3rd Floor, 33 Castle Street, Edinburgh, EH2 3ON Seven Investor Services Ltd, 125 Old Broad Street, London, EC2N 1AR

The Royal Bank of Scotland, 104-110 Fore Street, Edmonton, London, N18 2YR

Solicitor

Clifford Chance, 10 Upper Bank Street, London, E14 5JJ

Investment advisors

Gracechurch Wealth Management LLP, EPX House, 1 Boycott Avenue, Oldbrook, Milton Keynes, MK6 2RW Savills Investment Management (UK) Limited, 33 Margaret Street, London, W1G 0JD GAM London Limited, 20 King ST, London, SW1Y 6QY

Stonehage Fleming Pooled Investments (Ireland) plc, 15 Suffolk Street London, SW1Y 4HG

Appointment of trustees is governed by the Scheme of the Charity. The Board of Trustees is authorised to appoint co-opted trustees to fill vacancies arising through the resignation or death of an existing trustee.

The clerk to the foundation, Mr G Chappell, who is appointed by the trustees, manages the day-to-day operations of the charity.

The body of Trustees shall consist of not less than nine and not more than eleven competent persons being two Nominated Trustees and not less than seven and not more than nine Co-opted Trustees. The Nominated Trustees shall be appointed by the London Borough of Haringey as local education authority.

Every Nominated Trustee appointed by the London Borough of Haringey shall be appointed for a term of office ending on the date of the appointment of his or her successor (which may be made at any time after the date next following his or her appointment on which members of that body ordinarily retire).

Co-opted Trustees shall be appointed for a term of five years.

The Trustees may from time to time appoint a committee or committees consisting of not less than three members of their body for dealing with any matter of administration delegated to such committee or committees on such terms as the Trustees think fit; provided that all proceedings of such committee or committees shall be reported to a full meeting of the Trustees as soon as reasonably possible. To date there are the Finance committee and the Awards committee. Mr Keith Brown was re-elected Chairman of the Finance Committee and Mr Graham Kantorowicz replaced Ms Victoria Phillips as Chairman of the Awards Committee. However, with effect from the November 2015 meeting cycle, it was agreed that the work of the Finance committee should be subsumed into the agenda for the main Trustees Meeting. Due to the pandemic the Awards Committee’s business was also subsumed, but on a temporary basis, into the agenda of the main Trustees Meeting. No other changes were made to the Committee structure.

New Trustees are provided with an initial document pack which includes the Foundation’s Trust Deed with all its updates, minutes of recent meetings, recent Annual Reports and the latest relevant guidance documents from the Charity Commission. They are also provided with an opportunity to meet with the Clerk to the Foundation to discuss these and any other matters that might assist them in performing their role. Invitations from a range of training providers that might be of interest to various Trustees, both new and long-standing, are included on the agenda for each Trustees meeting.

The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity. They have the power to delegate this authority to investment advisers. The trustees have exercised this authority.

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Statement of Trustees' responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees' r eport was approved by the Board of Trustees.

Mr F Gruncell Chairman Dated: 30 November 2021

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

Opinion

We have audited the financial statements of The Tottenham Grammar School Foundation (the ‘charity’) for the year ended 31 August 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice) .

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' r eport.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the s tatement of Trustees' r esponsibilities (set out on page 6) , the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below .

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

Yogendranath Bacha BA (Hons) BFP FCA (Senior Statutory Auditor) for and on behalf of Bacha & Bacha (Audit) Limited 1 December 2021

Chartered Accountants Statutory Auditor

Stirling House 107 Stirling Road London N22 5BN

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021

Notes
Income from:
Investments
Expenditure on:
Charitable activities
3
Other
8
Total resources expended
Net gains/(loss) on investments
9
Net income/(expenditure) for the year/
Net movement in funds
Fund balances at 1 September 2020
Fund balances at 31 August 2021		 2021
£
400,127
795,996
34,102
830,098
4,079,873
3,649,902
24,895,268
28,545,170		 2020
£
551,084
1,184,856
31,021
1,215,877
(15,389)
(680,182)
25,575,450
24,895,268

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

BALANCE SHEET

AS AT 31 AUGUST 2021

Notes
Fixed assets
Investments
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
14		 2021
£
£
28,100,325
89
455,897
455,986
(11,141)
444,845
28,545,170
28,545,170
28,545,170		 2020
£
£
24,307,240
107
598,301
598,408
(10,380)
588,028
24,895,268
24,895,268
24,895,268

The accounts were approved by the Trustees on 30 November 2021

Mr F Gruncell Chairman

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2021

Notes
Cash flows from operating activities
Cash absorbed by operations
16
Investing activities
Proceeds on disposal of investments
Income received
Net cash generated from investing
activities
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
£
(829,319)
286,788
400,127
686,915
-
(142,404)
598,301
455,897		 2020
£
£
(1,218,043)
647,504
551,084
1,198,588
-
(19,455)
617,756
598,301

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1 Accounting policies

Charity information

The Tottenham Grammar School Foundation is an unincorporated charity. Its business address is P.O. Box 34098, London, N13 5XU

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's scheme, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

As per the Scheme, all income from investments are r es tricted funds which a re subject to specific conditions for grant making as set out in the notes to the accounts.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by the investments advisor of the dividend yield of the investment portfolio.

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

1 Accounting policies

(Continued)

1.5 Resources expended

Grants and awards payable are payments made to third parties in the futherance of the charitable objects of the charity.

All expenditure is accounted for on an accrual basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

The charity has creditors which are measured at settlement amounts less any trade discounts.

1.6 Tangible fixed assets

Tangible fixed assets for use by the charity are stated at cost less depreciation. Depreciation is provided at a rate of 25% per annum straight line. Items costing less than £500 are written off in the year of acquisition.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/(expenditure) for the period.

2 Investments

Dividend from listed investments
Interest from investments
Interest receivable		 2021
£
378,629
21,473
25
400,127		 2020
£
480,371
70,338
375
551,084

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

3 Charitable activities

Contracted clerk and administrator
Office expenses
(Profit)/Losses on exchange
Grant funding of activities (see note 4)
Grants payable
Grants to institutions:
Other
Grants to individuals		 2021
£
59,927
1,253
12,805
73,985
722,011
795,996
2021
£
439,752
282,259
722,011		 2020
£
56,869
2,222
34,536
93,627
1,091,229
1,184,856
2020
£
765,986
325,243
1,091,229

4 Grants payable

Details of the 51 largest grants payable to institutions are shown in Appendix 1 of the accounts.

5 Support costs

Management
and
administration
Governance
costs
£
£
Contracted clerk
and
administrator
3,154
59,927
Office costs
54
1,029
Other office costs
12,933
-
Bank charges
19,265
224
Audit fees
-
11,501
35,406
72,681		 2021
£
63,081
1,083
12,933
19,489
11,501
108,087		 2020 Basis of allocation
£
59,862 Fixed percentage - 95:5
2,099 Fixed percentage - 95:5
37,081 Expense type
19,095 Account type
6,511 Governance cost
124,648

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits , nor were they refunded any expenses by the charity during the year.

7 Employees

There were no employees during the year.

8 Other expenses

Contracted clerk and administrator
Office costs
Bank charges
Audit fees
Bad debts		 2021
£
3,154
54
19,393
11,501
-
34,102		 2020
£
2,993
150
18,867
6,511
2,500
31,021

9 Net gains/(losses) on investments

Revaluation of investments
Gain/loss on sale of investments		 2021
£
3,617,055
462,818
4,079,873		 2020
£
976,634
(992,023)
(15,389)

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

10 Tangible fixed assets

The charity owns a painting of Somerset School which is currently being displayed at Bruce Castle Museum. The painting is not insured due to the low insured value provided by the insurance company in comparison to the actual insurance cost.

11 Fixed asset investments

Carrying (fair) value brought forward
Additions during the year
Disposals at carrying value
Add/(deduct) net gain/(loss) on revaluation
Carrying value at end of year		 2021
£
24,307,239
7,124,074
(7,410,864)
4,079,873
28,100,325		 2020
£
24,970,131
5,932,906
(6,580,408)
(15,389)
24,307,240

All investments are carried at their fair value. Investments in equities and fixed interest securities are all traded in quoted public markets. The basis of fair value for quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

The charity is hardly exposed to any credit risk as all its income are derived from investments. Liquidity risk is anticipated to be low as all assets are traded and the commitment to intervention by central banks and market regulators has continued to provide for orderly trading in the markets and so the ability to buy and sell quoted equities and stock is anticipated to continue. The charity's investments are mainly traded in markets with good liquidity and high trading volumes. The charity has no material investment holding in markets subject to exchange controls or trading restrictions.

The charity manages its market risk by retaining expert advisors and operating an investment policy that provides for a high degree of diversification of holdings within investment asset classes that are quoted on recognised stock exchanges. The charity does not make use of derivatives or other similar complex financial instruments.

The value of the investment is split between 26% in the UK and 74% outside of the UK.

12 Debtors

Amounts falling due within one year:
Other debtors
13
Creditors: amounts falling due within one year
Accruals and deferred income		 2021
£
89
2021
£
11,141		 2020
£
107
2020
£
10,380

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

14
Restricted funds
Fund balance brought forward
Income resources
Resources expended
Revaluations, gains and losses
Fund balance carried forward
15
Analysis of changes in net funds
The charity had no debt during the year.
16
Cash generated from operations
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in profit or loss
(Gain)/loss on disposal of investments
Movements in working capital:
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Cash absorbed by operations		 2021
£
24,895,268
400,127
(830,098)
4,079,873
28,545,170
2021
£
3,649,902
(400,127)
(4,079,873)
18
761
(829,319)		 2020
£
25,575,450
551,084
(1,215,877)
(15,389)
24,895,268
2020
£
(680,182)
(551,084)
15,389
(10)
(2,156)
(1,218,043)

Appendix 1

GRANTS OF £1,000 OR MORE

During the Financial Year 2020-2021, 106 Grants of £1,000 or more were paid to schools and other organisations; 12 Special Somerset Awards or Scholarships worth £1,000 or more were paid to, or on behalf of individuals. In accordance with Paragraphs 139 to 145 of the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP), details are given below of the 51 largest aggregated payments to organisations during the year. The figure in brackets gives the number of separate grants contained within the total value shown.

#01 ACTIVITEENS (2): towards the cost of 'Puppetry, Here I Come' - a 16 week
project for 90 (45 from Haringey) 15-16 year olds using craft, puppetry and
teleconferencing to develop their drama and oratory skills, etc; towards the cost of
an 18 week Health Education and Fitness project - 'I Love to Live Healthy' for
approx. 65 Haringeyresident disadvantagedyoung people aged 11-16		 £ 3,808
#02 ALEXANDRA PARK & PALACE CHARITABLE TRUST (1): towards the cost
of a redesigned 'Biblio-Buzz' - the Haringey Children’s Book Awards in
partnership with School Librarians and the Haringey Library Service featuring on-
line author-led sessions		 £ 4,000
#03 ALEXANDRA PRIMARY SCHOOL (1): towards the cost of pupils from families
in financial hardship attending a five-day residential trip to an outdoor activity
centre in Surrey		 £ 2,000
#04 AP SAINTS NETBALL CLUB (1): towards the cost (accommodation and travel)
of two teams competing in the Netball U14 Nationals on 20-22nd August and the
Netball U16 Nationals on 27-29th August at the Universityof Warwick		 £ 3,669
#05 APOLLO MUSIC PROJECTS (1): towards the cost of a Music Education Project
in two underprivilegedprimaryschools in Haringey		 £ 3,500
#06 BELMONT JUNIOR SCHOOL (3): for the cost of instrument hire to support the
participation of two classes in the Whole Class Instrumental Teaching scheme;
towards the cost of pupils from families in financial hardship attending a three-day
residential visit to Cuffley Camp in June 2021; towards the cost of books to keep
the libraryfresh and upto date		 £ 3,590
#07 BLOOMING BLOSSOMS TRUST (1): towards the cost of 'Water Warriors' - a
year-long activities programme (including swimming, kayaking, cycling and
walking)for 65 SEN and other children with emotional difficulties		 £ 5,000
#08 BROADWATERS CHILDREN'S CENTRE (2): towards the cost of 26 week
programme of Music Therapy for children with autism, speech and language
delay, etc; towards the cost of continuing four weekly music therapy sessions to
children from vulnerable families who have a variety of communication, emotional
and behavioural needs		 £ 6,500
#09 CHAVERIM YOUTH ORGANISATION (5): towards the cost of a Winter
training residential for 400 young male and female Youth Leaders (c/w COVID-19
contingency plans); towards the cost of the 2021 Boys' Summer Programme's
Residential and Day Camps; towards the cost of the 2021 Girls' Summer
Programme's Residential and Day Camps; towards the cost of the 2021 Boy's
Summer Programme's Residential and Day Camps; towards the cost of the 2021
Girl's Summer Programme's Residential and DayCamps		 £ 46,000
#10 CLAPTON COMMON BOYS CLUB (1): towards the cost of Learn4Life - a 44
week literacyboosterprogramme for90 7-11year-olds		 £ 2,750
#11 COLERIDGE PRIMARY SCHOOL (1): towards the cost of a used piano to
accompanythe school choir and orchestra		 £ 2,000
#12 EARLHAM PRIMARY SCHOOL (2): for the cost of instrument hire to support
the participation of two classes in the Whole Class Instrumental Teaching scheme;
towards the cost of books forpupils in Years 2-6		 £ 4,000

19

#13 EARLSMEAD PRIMARY SCHOOL (4): towards the cost of Year 6 pupils from
families in financial hardship attending a high-ropes outdoor activity centre in
June 2021 as an alternative to a Pendarren residential that was cancelled due to the
pandemic; for the cost of instrument hire to support the participation of two classes
in the Whole Class Instrumental Teaching scheme; towards the cost of hiring a
coach to the Bounds Green Scout Park for the Year 6 children to participate in a
Junior Citizen event;towards the cost of books to engage reluctant readers		 £ 4,040
#14 FACE FRONT INCLUSIVE THEATRE (1): towards the cost of a Theatre for
Health in schools project which will tour two interactive theatre productions to
primary and special schools to improve emotional health, ability to learn and
raisingawareness about Domestic violence		 £ 5,000
#15 FORTISMERE SCHOOL (3): towards the cost of the provision of external
STEAM activities; for the cost of new netball posts required to support coaching
sessions delivered by AP Saints Netball Club aiming to increase awareness and
participation; for the cost of installing floor socketed international netball posts as
part of an initiative to increase participation, improve skills and to create additional
Netball Coaches and Ambassadors		 £ 3,288
#16 GLADESMORE COMMUNITY SCHOOL (1): towards the cost of new steel pans
aspart of an initiative to replace old and add newpans		 £ 2,658
#17 GREIG CITY ACADEMY (3): towards the cost of additional resources to support
Year 7 pupils' participation in a Book Club as part of the 'BiblioBuzz 2020'
initiative; towards the cost of books for a Year 7 and Year 8 small groups Book
Club; towards the cost of the continuation of the school's internationally successful
sailing programme aimed at drawing BAME and other disadvantaged Haringey
young people into sport		 £ 15,868
#18 HAPPY KIDS (3): towards the cost of a 26 week after-school homework club
called 'Yes I Can' for 120 (40 from Haringey) disadvantaged children aged 7-11
years; towards the cost of a Winter holiday play-scheme for 150 (75 are Haringey
resident) 3-11 year olds called "Winter Wonderland"; towards the cost of a
Summer holiday play-scheme for 125 Haringey resident 3-11 year olds called
"Fun in the Sun"		 £ 6,000
#19 HARINGEY COUNCIL MUSIC SERVICE (1): for a contribution to the cost of
fee remissions for secondaryschoolpupils' additional instrumental music lessons		 £ 14,000
#20 HARINGEY LEARNING PARTNERSHIP - COMMERCE HOUSE (2): towards
the cost of 'Visual Marvelry at Commerce House' - a local photography
collaborative project; towards the cost of a one-week residential visit to 'Jamie's
Farm' in Bath for 8 pupils who have been permanently excluded from mainstream
school		 £ 7,428
#21 HARINGEY SHED THEATRE COMPANY (2): towards the cost of delivering
Haringey Shed’s Children’s Theatre across three evenings, rather than one, in
order to maintain social distancing for 45 local children with special needs aged 7
– 11yrs; towards the cost of a 3 week Summer Theatre project incorporating
inclusive drama and musical theatre workshops and performances involving 60
local young people (aged 8 – 17yrs) of all abilities and backgrounds, including
disabilities, special educational needs and those living in challenging
circumstances		 £ 11,895
#22 HARINGEY SPORTS DEVELOPMENT TRUST (51): for the cost of Facility
hire at Broadwater Farm and New River Stadium for two ten-session programmes
of Track and Field coaching, commencing in September 2020, aimed at youngsters
5 to 11 years of age; towards the cost of Whizz Kids Sports Camps - October,
Easter & Summer; for the London Mini Marathon Borough Squad training and the
Haringey Schools Road League; towards the cost (venue hire, travel, etc) of a girls'
football coaching programme across all Secondary Schools providing cross-
Borough competitions,local 5-a-side competitions and formation of the 2021		 £ 57,251

20

London Youth Games squad; for the cost of Educare online courses providing Coaching Education for ten 14+ year olds in response to the range of COVID instigated restrictions that are affecting many programmes; towards the cost of a Half Term programme of basketball coaching and competitions at Ducketts Common; towards the cost of a 10 week programme of Volleyball coaching at St. Thomas More School; towards the cost of a three-day pre-Christmas basketball coaching programme at the Selby Centre; towards the cost of a special four-day programme of Multi Sports Coaching in Table Tennis and Athletics at Hornsey School for Girls; towards the cost of two additional Table-Tennis tables to support the development of an effective coaching programme at the School, which will lead to an after school club and participation in schools competitions; for the cost of a set of Kurling Stones to be used for competitions and coaching at Special needs Schools; towards the cost of an Easter Multi Sports Programme at Lee Valley and Lancasterian Schools for Basketball /Football/Athletics and Table Tennis; towards the cost (venue hire, etc - but excluding trophies) of a Basketball Coaching programme at Ducketts Common during Easter 2021; for the cost of Girls schools five-a-side football competition pitch hire (6 matches between April and July 2021); for the cost of Table Tennis on line coaching sessions for 20 eligible young people; for the cost of Netball on line coaching sessions for 30 eligible young people; for the cost of Multi Sports (balls, bibs, bags, etc.) equipment for the Summer 2021 School Games; towards the cost of a 10 week programme of Tuesday evening 2 hour sessions for Athletics coaching for 5 - 18yr olds at New River Stadium using the Startrack scheme; for the cost of a young volunteer Assistant Coach, who supports the Ducketts Common Basketball Programme, to attend a Level 2 Basketball Coaching course; towards the cost of a five-day May Half Term Basketball Coaching programme for Boys and Girls ages 8 plus at the refurbished Selby Sports Centre; for the cost of venue hire for the Quad Kids Athletics Competition for all school age groups (Years 3 to 10) to be held at New River SC; towards the cost of a four-day May Half Term Programme of Multi Sports (Basketball, Football, Athletics and Table Tennis) at Lee Valley and Lancasterian Schools; towards the cost of a five-day May Half Term Basketball Coaching programme at Ducketts Common; for the cost of an additional Multi Sport Wheelchair needed in response to a growth in the number of Special Needs pupils from Blanche Neville/APS/Rhodes Ave and Belmont Schools involved in the Basketball Coaching programme that will lead to participation in the 2021 London Youth Games; towards the cost of a ten-week 2021 London Youth Games Squad development programme of Basketball Coaching for under 16 Boys; towards the cost of a ten-week 2021 London Youth Games Squad development programme of Basketball Coaching for under 16 Girls; towards the cost of a four-day May Half Term programme of four-hour sessions of Basketball Coaching led by Haringey Angels; for the cost of branded face masks required for the Borough's participation in the London Youth Games during May/June/July/Aug/Sept 2021; for the cost of equipment (balls, bibs, rung ladders, marker saucers, etc) to support a Basketball Coaching programme delivered by the London Somalian Basketball Club at the Selby Centre aimed at boys and girls 7 to 21 years of age which will lead to competing at London and National levels; for the cost of venue hire (New River Stadium) for the London District Competition Football Under 11 Haringey Schoolboys Trials to represent the Borough; for the cost of transport and facility hire for a programme of four sessions being set up at the Phoenix Outdoor Water Centre that will lead to Haringey youngsters competing in Sailing at the 2021 London Youth Games; towards the cost (venue hire) of a four-week programme of Netball Coaching during the summer at Fortismere School for the Borough's 2021 London Youth Games squad; towards the cost (venue hire and equipment) of a six-week programme of Table Tennis Coaching at Fortismere School to reintroduce the sport to the pupils ; for the cost

21

of Transport required for the 2021 London Youth Games in July; towards the cost of a ten-session Summer Multi Sports Programme (Athletics/Basketball/Football) over two weeks at Risley and Lancasterian Schools for Boys and Girls 5 - 11 years of age ; towards the cost of a twenty-session Summer Basketball Coaching Programme (with skills, drills, game play and 3 on 3 competitions) over four weeks at Ducketts Common for 11 - 19 year old Boys and Girls, who are at risk of anti-social behaviour and gang/drug related issues, being given the opportunity to more positively channel their energies; towards the cost of a Summer Multi Sports five-day programme for Girls aged 11 plus held at Hornsey School for Girls providing coaching in Football, Table Tennis, Handball, Athletics and Basketball linked with an after school programme to be set up in September; towards the cost of a twenty-session Summer Basketball Coaching Programme (with skills, drills, game play and 3 on 3 competitions) over four weeks at the Selby Sports Centre for 11 - 19 year old Boys and Girls, who are at risk of anti-social behaviour and gang/drug related issues, being given the opportunity to more positively channel their energies; towards the cost of a two-week Summer Athletics Programme in Track and Field at New River Playing Fields for youngsters 8 to 15 years of age; for the cost of Basketball Activators courses to be delivered at the Selby Centre during July/August for ten young volunteers aged 16+ to develop a new tier of coaches which will supplement the current programmes and ensure a legacy for Basketball in the Borough (7 x Level One 16 hour courses and 3 x Level Two 32 hour courses); for the cost of equipment (Handballs, Dodgeballs and Ball Bags, etc) required for Multi Sports events at Hornsey Girls School during August Summer holiday; for the cost of transport (16 seat minibus) required for the Borough's London Youth Games Teams - Boys and Girls Cycling in July and Big Half Marathon Volunteering in August; for the cost of equipment and facility hire for a three-session programme of coaching for the Haringey Cycling team at the London Velodrome; towards the cost (venue hire) of a five week programme of Summer Basketball Coaching delivered by Haringey Hawkes at Haringey 6th Form College; for the cost of Volleyball equipment (Outdoor Volleyball Net systems and Mikassa Outdoor Balls) needed for the Summer Programme; for the cost of transport (53 seat coach hire) for the Borough's Girls Football team to attend the SE England Regional Competition in Lewes at the end of August; towards the cost (venue hire and transport) of a four session programme of Street Cricket coaching for the Borough's Boys and Girls London Youth Games team; towards the cost (venue hire and transport) of a four session programme of Beach Volleyball coaching for the Borough's Boys and Girls London Youth Games team; towards the cost (venue hire and transport) of a four session programme of Netball coaching for the Borough's London Youth Games team; towards the cost (venue hire and transport) of a four session programme of Hockey coaching for the Borough's London Youth Games team; towards the cost (venue hire and transport) of a four session programme of Football coaching for the Borough's London Youth Games team #23 HARINGTON SCHEME (1): for 12 Haringey resident trainees at £3,500 each £ 42,000 #24 HOT LINE MEALS SERVICE (LONDON) (1): towards the cost of 'Excel and £ 2,300 Elevate', a project leading to 24 young people gaining a Level 2 accreditation in Food Handling and Hygiene #25 JACKSONS LANE COMMUNITY ARTS CENTRE ASSOCIATION (1): £ 2,000 towards the cost of the 'JL Circus @ The Nurture Hub' project - a half-day-a-week programme of circus and drama activities over the Summer Term at The Nurture Hub, a new initiative in Haringey which provides an early intervention for primary aged children at risk of exclusion #26 KID CITY PLUS (1): for the cost of 'Hear Our Voices' - a music and art therapy £ 5,160 project for special needs children

22

#27 KIDS CARE LONDON (1): towards the cost of 25 Tottenham children with
Special Needs attending Camp Horizon - a local two-week full-day summer play-
scheme (replacing previous years' residential programmes) using a 1:1 care ratio at
all times		 £ 7,500
#28 KINGFISHER GYMNASTICS CLUB LTD (1): for the cost of additional
gymnastics equipment (trampette, springboards, mini A-bars, mats and beams) to
assist re-establishing the club since the loss of venues and activities due to the
pandemic		 £ 4,000
#29 LANCASTERIAN PRIMARY SCHOOL (6): towards the cost of board games for
each class to use (within their bubbles) as part of the school's behaviour system for
encouraging and rewarding positive behaviour; for the cost of instrument hire to
support the participation of three groups in the Whole Class Instrumental Teaching
scheme; towards the cost of purchasing a Defibrillator (with lockable cabinet);
towards the cost of rewards (books) for the children who have been able to
consistently maintain 'excellent' behaviour the school's behaviour system; towards
the cost of book prizes for the school's annual Effort and Achievement Event;
towards the cost of a variety of books to stock a new 'book vending machine'
where children who have consistently maintained 'excellent' in the School's 'Aim
for the Stars Behaviour System' receive tokens to obtain their book reward		 £ 6,500
#30 LEV ECHOD CANCER CARE (1): towards the cost of respite and connection
program for young people (living in Haringey) suffering from cancer, and their
siblings		 £ 3,000
#31 LORDSHIP LANE PRIMARY SCHOOL (1): towards the cost of books for
Foundation Stage and ageneral update and replenish of existingstock		 £ 2,000
#32 MARKFIELD PROJECT (1): for a continuation of support for the “G-Club” and
other 5-19s after school clubs		 £ 16,886
#33 MUSWELL HILL PRIMARY SCHOOL (1): for the cost of instrument hire to
support the participation of two classes in the Whole Class Instrumental Teaching
scheme		 £ 2,000
#34 NOEL PARK PRIMARY SCHOOL (2): towards the cost of developing a 'forest
school' space within the school's playground and garden area; towards the cost of
books to supportpupils who have English as an additional language		 £ 4,800
#35 NORTH HARRINGAY PRIMARY SCHOOL (1): for the cost of instrument hire
to support the participation of two classes in the Whole Class Instrumental
Teachingscheme		 £ 2,000
#36 PAN NATION STEEL ORCHESTRA (1): towards the cost of 3 new pan sets and
venue rental in response to increased membership		 £ 3,000
#37 RHODES AVENUE PRIMARY SCHOOL (1): towards the cost of books to
encourage a love of reading		 £ 2,000
#38 RIVERSIDE SECONDARY SPECIAL SCHOOL (2): towards the cost of Music
therapy;towards the cost of the 'Riverside Music Project'		 £ 20,400
#39 ROKESLY JUNIOR SCHOOL (1): for the cost of instrument hire to support the
participation of three classes in the Whole Class Instrumental Teachingscheme		 £ 3,000
#40 ROWLAND HILL CHILDREN'S CENTRE (4): for the cost of 5 Apple iPads with
cases; towards the cost of resources (Wooden Play Centre, Sand and Water Play
Tray, Bubble wands, seeds, etc) for small socially distanced 'Invitation to Play'
sessions in the children centre community garden; ; towards the cost of developing
the school's well used children's library by replenishing it with a focus on
celebrating children's diversity, their cultures and to support awareness of the
seasons		 £ 3,618
#41 SANJURO TRAINING SYSTEMS LTD (2): towards the cost of a 20 session/10
week programme of accessible martial arts based classes for students who are
disabled or have learningdifficulties at HaringeySixth Form College;towards the		 £ 2,400

23

cost of continuing a 20 session/10 week programme of accessible martial arts
based classes at Bruce Grove Youth Club and HornseySchool for Girls
#42 SOUTH HARRINGAY JUNIOR SCHOOL (3): for the cost of instrument hire to
support the participation of two classes in the Whole Class Instrumental Teaching
scheme; for the cost of instrument hire to support the participation of two classes
in the Whole Class Instrumental Teaching scheme; towards the cost of pupils from
families in financial hardshipattendinga residential tripto Pendarren		 £ 8,478
#43 ST MICHAEL'S CE PRIMARY SCHOOL (N6) (3): for the cost of instrument hire
to support the participation of two classes in the Whole Class Instrumental
Teaching scheme; towards the cost of pupils from families in financial hardship to
attend a Year 6 one-week residential at Kingswood and a Year 5 three-day
residential at Flatford Mill; towards the cost of pupils from families in financial
hardshipattendingSummer Term Extra-Curricular Clubs		 £ 6,745
#44 STEP BY STEP (1): towards the cost of a 20 week after school hub for 85
disabled children and aprogramme of swimminglessons for 15 of them		 £ 4,000
#45 TEEN ACTION (1): towards the cost of 'Creative Break', a two-week summer
scheme for 42 disadvantaged high school aged girls, giving opportunities to
engage in a craft of their choice in a welcomingand fun environment		 £ 2,600
#46 THE BROOK ON BROADWATERS SPECIAL PRIMARY SCHOOL (4): for the
cost of an inclusive Creative Arts Festival in collaboration with The Willow
Primary School; towards the cost of Music Therapy; towards the cost of Rebound
Therapy; for the cost of a 'Terrace Rejuvenation' project to provide a safe and
engaging space that promotes outdoor learning, movements and sensory
opportunities with enhanced social distancing		 £ 23,893
#47 THE MULBERRY PRIMARY SCHOOL (1): towards the cost of pupils from
families in financial hardship attending a whole-school end-of-year trip to a high-
ropes outdoor activitycentre at Black Park,near Slough		 £ 3,288
#48 THE STYLISTERS (1): towards the cost of rehearsal and performance venue hire
(Dukes Aldridge Academyand Millfield Theatre)		 £ 4,000
#49 TREE HOUSE SCHOOL (1): towards the cost of fitness equipment (treadmill and
bikes)		 £ 2,880
#50 WELBOURNE PRIMARY SCHOOL (1): for the cost of instrument hire to
support the participation of three classes in the Whole Class Instrumental Teaching
scheme		 £ 3,000
#51 WESTON PARK PRIMARY SCHOOL (3): towards the cost of an 'Inclusive
Infant Playground Project' to improve outdoor play equipment/facilities in the
infant playground that will encourage physical activity and make it easier for
pupils at the school with sensory needs to access opportunities; towards the cost
(return coach journeys) of children from families in hardship attending a Y6
Residential Trip to Cuffley Camp; for the cost of instrument hire to support the
participation of Year 4 children in the Whole Class Instrumental Teachingscheme		 £ 5,688
Total for these 51 aggregated payments
£ 413,380
Aggregated payments to a further 24 schools and organisations totalled
£ 26,372
Total value of Somerset Grants paid
£ 439,752
In summary, payments relating to 167 Somerset Grants for 75 schools and
organisations equated to an average per grant of
£ 2,633

24

Appendix 2

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

EXTRACTS FROM THE SCHEME FOR THE REGULATION OF THE FOUNDATION

APPLICATION OF INCOME

  1. Expenses of management. The Trustees shall first defray out of the income of the Charity all the proper costs, charges and expenses of and incidental to the administration and management of the Charity.

  2. Application of income. (1) Subject to payment of the expenses aforesaid the Trustees shall apply the income of the Charity in one or more of the following ways:-

  3. (i) in promoting the education (including social and physical training) of persons under the age of 25 years who or whose parents are resident in the London Borough of Haringey or who have at any time attended as a pupil at a school or college in that London borough and who are in need of financial assistance (provided that preference shall be given to persons so qualified who have at any time attended Somerset School) and in particular but without prejudice to the generality of the foregoing –

    • (a) in awarding to such persons scholarships, exhibitions, bursaries, maintenance allowances or grants tenable at any school, university, polytechnic or other institution of further or higher (including professional and technical) education approved for the purpose by the Trustees;

    • (b) in providing financial assistance, outfits, clothing, tools, instruments, books or any equipment to assist such persons to pursue their education (including the study of music and other arts) to undertake travel in furtherance thereof, or to prepare for or enter a profession, trade, occupation or service on leaving school, university or other educational establishment.

  4. (ii) in providing such special benefits at any maintained school or college in the said London Borough as are not normally provided by the local education authority or the governing body;

  5. (iii) in making grants to other charities which promote the education (including social and physical training) of persons referred to in paragraph (i) above.

(2) Within the limits prescribed by this Scheme the Trustees shall have full power to make rules for the award of scholarships, exhibitions, bursaries, maintenance allowances and other benefits, including rules as to the value and period of tenure of the awards and qualifications, method of ascertainment and selection of candidates for benefit.

(3) The Trustees shall have regard to the desirability of consulting the local education authority as to their general action under sub-clause (1) of this clause and, if occasion requires, as to the education qualifications of candidates for benefit.

GENERAL PROVISIONS

  1. Charity not to relieve public funds. The Trustees shall not apply income of the Charity directly in relief of rates, taxes or other public funds but may apply income in supplementing relief or assistance provided out of public funds.

  2. 25 -

Appendix 3

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

RULES FOR THE MANAGEMENT OF THE FOUNDATION

Rules for the Management of the Tottenham Grammar School Foundation Charity in respect of the application of the income of the Charity set out in Clauses 21 and 22 of the Scheme for the regulation of the Foundation.

(These Rules are made under the Provision of Clause 22(2) of Scheme No 312,634A /1 .LB Sealed by Order of the Charity Commissioners on 2 March 1989.)

Appendix 3 (continued)

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

THESE RULES WERE ADOPTED AT A MEETING OF TRUSTEES OF THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION HELD ON 3 FEBRUARY 1998 AND REPLACED THOSE ORIGINALLY APPROVED BY TRUSTEES ON 27 APRIL 1989

Appendix 4

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

The following set of Conditions were approved by Trustees in February 2021 for immediate implementation.

CONDITIONS FOR SOMERSET AWARDS (INCLUDING UNDERGRADUATE AWARDS)

The full rules and regulations of the Tottenham Grammar School Foundation are available upon request and can also be viewed on the Foundation’s website: www.tgsf.info. The Trustees of the Foundation have approved the following additional Rules for the granting of Somerset Awards:

Appendix 5

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

ADVICE TO SCHOOLS WHEN SUBMITTING REQUESTS FOR GRANTS

Please Note: INFORMATION ON PUPIL PREMIUM FUNDING (see paragraph 2 overleaf) IS NOW A REQUIREMENT

The Foundation cannot fund: Clause 32 of the Scheme for the regulation of the Foundation says: “THE CHARITY NOT TO RELIEVE PUBLIC FUNDS. The Trustees shall not apply income of the Charity directly in relief of rates, taxes or other public funds but may apply income in supplementing relief or assistance provided out of public funds”.

This is interpreted as the Foundation cannot fund:

Clause 22 of the Scheme for the regulation of the Foundation says: “APPLICATION OF INCOME. (1) Subject to payment of the expenses aforesaid the Trustees shall apply the income of the Charity in one or more of the following ways:- (i) in promoting the education (including social and physical training) of persons under the age of 25 years….”

Therefore the Foundation cannot fund:

The Foundation can help fund: Clause 22 of the Scheme for the regulation of the Foundation also says: “…. (ii) in providing such special benefits at any maintained school or college in the said London borough as are not normally provided by the local education authority or the governing body;”

This is interpreted as the Foundation can fund (or help fund):

The Foundation prefers:

Appendix 5 (continued)

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

Other Points:

Tottenham Grammar School Foundation PO Box 34098 London N13 5XU

Appendix 6

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

The Tottenham Grammar School Foundation’s objects are to promote the education of persons under the age of 25 years who are resident in the London Borough of Haringey or who have at any time attended as a pupil at a school in the Borough and to provide benefits at any maintained schools and colleges in the Borough which are not normally provided by the LEA or their Governing Body. The Foundation owes its origins to the late Sarah, Duchess of Somerset - extracts from her story are included overleaf.

ADVICE TO ORGANISATIONS WHEN SUBMITTING REQUESTS FOR GRANTS

Unlike many trusts, the Foundation does not adopt any ‘current priorities’ for its grant making decisions. This advice sheet is based on the Scheme for the Regulation of the Foundation (as approved by the Charity Commissioners) and the rules / conditions made from time to time by the Trustees within the limits prescribed by the Scheme. The Foundation tries to encourage creativity amongst the applications it receives – therefore the following guidance is primarily based on the restrictions that do exist.

Applications should be made on an “APPLICATION FOR A SOMERSET GRANT” form and should be accompanied by a fully completed “PRO FORMA FOR ORGANISATIONS” (unless one has already been submitted to the Foundation within the previous 18 months and the information thereby provided remains up to date). Applications are considered on their individual merits and in the context of any constraints that may be placed on the availability of the Foundation’s resources at the time.

The Foundation cannot fund: Clause 32 of the Scheme for the regulation of the Foundation says: “THE CHARITY NOT TO RELIEVE PUBLIC FUNDS. The Trustees shall not apply income of the Charity directly in relief of rates, taxes or other public funds but may apply income in supplementing relief or assistance provided out of public funds”.

This is interpreted as the Foundation cannot fund:

Clause 22 of the Scheme for the regulation of the Foundation says: “APPLICATION OF INCOME. (1) Subject to payment of the expenses aforesaid the Trustees shall apply the income of the Charity in one or more of the following ways:- (i) in promoting the education (including social and physical training) of persons under the age of 25 years who or whose parents are resident in the London Borough of Haringey or who have at any time attended as a pupil at a school in that London borough and who are in need of financial assistance …. (iii) in making grants to other charities which promote the education (including social and physical training) of persons referred to in paragraph (i) above.”

Therefore the Foundation cannot fund:

The Foundation prefers:

Other Points:

Appendix 6 (continued)

THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION

Tottenham Grammar School Foundation PO Box 34098 London N13 5XU

If you choose to email or fax your application/bid, you are asked to also send a signed original by post so that the Foundation’s audit trail can be maintained.

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SARAH, DUCHESS OF SOMERSET

In her Will dated 17 May 1686 Sarah, Duchess of Somerset, included the following:

“ Also I do give and appoint the sum of two hundred and fifty pounds, to be expended, paid, and laid out by mine executors, in and for the making an additional building to the school house at Tottenham, near the High Cross, in the County of Middlesex, for the enlargement thereof; whereby it may be made capable to receive a greater number of scholars. Also I do give and appoint the further sum of eleven hundred pounds. . . . for the buying and purchasing of lands, rents, or other hereditaments, in fee simple, and they do settle the same for the support and maintenance of the school, and the master and usher of the said school for ever . . .”.

The Will continued to set the Master's salary at £40 per annum and the Usher's at £10 p.a. and laid down a number of provisions for the school, in particular that it was to provide free education for “ . . . . the children of all such people, inhabiting within the said Parish of Tottenham, as shall not have estates or their own, or free or copyhold, of twenty pounds per annum. ”

When Sarah died on 25 October 1692 she was buried in Westminster Abbey and in the fullness of time the terms of her Will were carried out and land purchased for the benefit of the school. Much of this land was sold by the Governors in the 1890's to Charterhouse School, and the remainder in 1927.

Sadly, the School which Sarah endowed did not survive ‘for ever’ and in 1987 the Governors had reluctantly to recommend its closure to the local education authority and the Secretary of State for Education. That recommendation was approved and the School, by now known as The Somerset School, finally closed its doors in July 1988 after more than 300 years serving Tottenham and Haringey boys.

A new, smaller body of Trustees was appointed to administer a new look and considerably wealthier Tottenham Grammar School Foundation. Most had been Governors of The Somerset School and were well aware of the traditions, both of the School and the Foundation.

Trustees have endeavoured to administer the Foundation as they imagine Sarah would have wished had she lived in the twenty-first century. By so doing, Trustees hope to be able to act within the spirit of her Will and continue to provide for the education of young people from Tottenham, thereby keeping Sarah, Duchess of Somerset, in her rightful place as a major influence in local education.