| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Charity, its Trustees and advisers | ||
| Trustees' report |
2-8 | ||
| Independent auditors' |
report | on the financial statements | 9-12 |
| Statement offinancial | activities | 13 | |
| Balance sheet | 14 | ||
| Notes to the financial | statements | 15-26 |
| Trustees | Mr DJ Hughes, | Chairman | Chairman | ||
|---|---|---|---|---|---|
| Mr SRoss | |||||
| Mr M J Hughes | |||||
| Dr R D G Cooper | |||||
| Mr J Harper | |||||
| Charity registered | |||||
| number | 507487 | ||||
| Principal office | c/o Wolverhampton | Grammar | School | ||
| Compton Road |
|||||
| Wolverham pton |
|||||
| WV3 9RB | |||||
| Clerk to the | Trustees | S Hemmings | |||
| Independent | auditors | WR Partners | |||
| Chartered Accountants |
|||||
| Belmont House | |||||
| Shrewsbury Business Park |
|||||
| Shrewsbury | |||||
| Shropshire | |||||
| SY26LG | |||||
| Bankers | Allied Irish Bank | (GB) | |||
| 380 Birmingham | Road | ||||
| Sutton Coldfield | |||||
| B72 1YH | |||||
| Solicitors | FBC Manby Bowdler | LLP | |||
| 6-10George Street | |||||
| Snow Hill | |||||
| Wolverhampton | |||||
| WV2 4DN | |||||
| Investment | Manager | Smith &Williamson | |||
| 3rd Floor, 9 Colmore | Row | ||||
| Birmingham | |||||
| B32BJ |
| Unrestricted | Restricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||||
| Note | F | F | E | |||||
| Income and | ||||||||
| endowments | from: | |||||||
| Donations and |
legacies | 4 | 5,925 | 195,989 | 201,914 | 170,766 | ||
| Investments | 5 | 45,418 | 34,744 | 80,162 | 94,062 | |||
| Total income | and | |||||||
| endowments | 51,343 | 230,733 | 282„076 | 264,828 | ||||
| Expenditure on: |
||||||||
| Raising funds | 11,665 | 9,394 | 1,496 | 22,555 | 21,071 | |||
| Charitable activities |
53,310 | 251,125 | 304,435 | 227,939 | ||||
| Total expenditure | 64,975 | 260,519 | 1,496 | 326,990 | 249,010 | |||
| Net | ||||||||
| (expenditure)/income | ||||||||
| before net | ||||||||
| gains/(losses) investments |
on | (13,632) | (29,786) | (1,496) | (44,914) | 15,818 | ||
| Realised net |
||||||||
| gains/(losses) investments |
on | 19,332 | 3,332 | 6,102 | 28,766 | (69,863) | ||
| Net movement | in | |||||||
| funds before | other | |||||||
| recognised | ||||||||
| gains/(losses) | 5,700 | (26,454) | 4,606 | (16,148) | (54,045) | |||
| Other recognised | ||||||||
| gains/(losses): | ||||||||
| Unrealised net |
||||||||
| gains/(losses) investments |
on | 340,461 | 292,032 | 48,805 | 681,298 | (18,297) | ||
| Net movement | in | |||||||
| funds | 346,161 | 265,578 | 53,411 | 665,150 | (72,342) | |||
| Reconciliation | of | |||||||
| funds: | ||||||||
| Total funds brought forward |
2,135„342 | 1,719,635 | 273,967 | 4,128,944 | 4,201,286 | |||
| Net movement | in funds | 346,161 | 265,578 | 53,411 | 665,150 | (72,342) | ||
| Total funds carried | ||||||||
| forward | 2,481,503 | 1„985,213 | 327,378 | 4,794,094 | 4,128,944 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | E | |||||
| Fixed assets | ||||||
| Investments | 4,403,001 | 3,708,252 | ||||
| 4,403,001 | 3,708,252 | |||||
| Current assets | ||||||
| Debtors | 12 | 10,778 | 6,899 | |||
| Cash at bank and | in hand | 383,915 | 435,744 | |||
| 394,693 | 442,643 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 13 | (3,600) | (21,951) | |||
| Net current assets | 391,093 | 420,692 | ||||
| Total net assets | 4,794,094 | 4,128,944 | ||||
| Charity funds | ||||||
| Endowment funds |
14 | 327,378 | 273,967 | |||
| Restricted funds |
14 | 1,985,213 | 1,719,635 | |||
| Unrestricted funds |
14 | 2,481,503 | 2,135,342 | |||
| Total funds | 4,794,094 | 4,128,944 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| F | F | ||||
| Investment | income | 45,377 | 34,744 | 80,121 | 94,003 |
| Bank interest | 41 | 41 | 59 | ||
| 45,418 | 34,744 | 80,162 | 94,062 | ||
| Total 2020 | 46,354 | 47,708 | 94,062 |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| 2021f | 2021 f. |
2021 f |
2021f | 2020 | |||
| Investment | management | fees | 11,665 | 9,394 | 1,496 | 22,555 | 21,071 |
| Total 2020 | 10,858 | 8,816 | 1,397 | 21,071 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| F | F | |||
| Bursaries 8 Awards | 51,370 | 251,125 | 302,495 | 226,139 |
| Audit Costs | 1,800 | 1,800 | 1,800 | |
| Finance and Other Costs | 140 | 140 | ||
| 53,310 | 251,125 | 304,435 | 227,939 | |
| Total 2020 | 49,939 | 178,000 | 227,939 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Fees payable to the Charity's | auditor for the audit ofthe Charity's | annual | ||
| accounts | 1,800 | 1,800 |
| Fixed asset investments | |||
|---|---|---|---|
| Other fixed | |||
| Listed | asset | ||
| investments | investments | Total | |
| F | |||
| Cost or valuation | |||
| At 1 September 2020 | 3,603,152 | 105,100 | 3,708,252 |
| Additions | 452,941 | 452,941 | |
| Disposals | (439,489) | (439,489) | |
| Revaluations | 665,952 | 15,345 | 681,297 |
| At 31 August 2021 | 4,282,556 | 120,445 | 4,403,001 |
| Net book value | |||
| At 31 August 2021 | 4,282,556 | 120,445 | 4,403,001 |
| At 31August 2020 | 3,603, 152 | 105,100 | 3,708,252 |
| 12. | Debtors | |||
|---|---|---|---|---|
| 2021f | 2020 E |
|||
| Due within one year | ||||
| Trade debtors | 10,778 | 6,899 | ||
| 10,778 | 6,899 | |||
| 13. | Creditors: Amounts | falling due within one year | ||
| 2021f | 2020 | |||
| Trade creditors | 3,600 | 1,800 | ||
| Other creditors | 20,151 | |||
| 3,600 | 21,951 |
| Statement offu | nds -c | urrent | year | ||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Balance at | ||||||
| September 2020 |
Income | Expenditure | Gains/ (Losses) |
31 August 2021 |
|||
| F | |||||||
| Unrestricted funds |
|||||||
| General Appeals | Funds | 2,060,674 | 51,343 | (64,975) | 359,793 | 2,406,835 | |
| Foundation Bursary Fund |
74,668 | 74,668 | |||||
| 2,135,342 | 51,343 | (64,975) | 359,793 | 2,481,503 | |||
| Endowment funds |
|||||||
| Ivy Jones Award | Fund | 273,967 | (1,496) | 54,907 | 327,378 | ||
| Restricted funds | |||||||
| Martin Bequest | 220,590 | 166,437 | (16,108) | 37,629 | 408,548 | ||
| OW Sports Scholarship | Fund | 877,045 | 13,435 | (20,370) | 153,132 | 1,023,242 | |
| Bursarial Funds | 140,108 | 35,678 | (179,685) | 24,463 | 20,564 | ||
| Ivy Jones Award | Fund | 22,899 | 8,152 | (111) | 30,940 | ||
| Foundation Bursary Fund |
458,993 | 7,031 | (44,245) | 80,140 | 501,919 | ||
| 1,719,635 | 230,733 | (260,519) | 295,364 | 1,985,213 | |||
| Total offunds | 4,128,944 | 282,076 | (326,990) | 710,064 | 4,794,094 |
| Balance at | Balance at | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 September 2019 |
Income | Expenditure | Gainsy (Losses) |
31August 2020 |
||||
| E | ||||||||
| Unrestricted | funds | |||||||
| General Appeals | Funds | 2,107,717 | 50,686 | (49,127) | (48,602) | 2,060, 674 | ||
| Foundation | Bursary Fund | 86,338 | (11,670) | 74,668 | ||||
| 2,194,055 | 50,686 | (60,797) | (48,602) | 2,135,342 | ||||
| Endowment | funds | |||||||
| Ivy Jones Award | Fund | 289,175 | (1,397) | (13,811) | 273,967 | |||
| Restricted | funds | |||||||
| Martin Bequest | 174,839 | 61,573 | (14,765) | (1,057) | 220,590 | |||
| OW Sports | Scholarship | Fund | 902,347 | 15,977 | (20,835) | (20,444) | 877,045 | |
| Bursarial Funds | 129,504 | 119,506 | (104,656) | (4,246) | 140,108 | |||
| Ivy Jones Award | Fund | 20,445 | 8,394 | (5,940) | 22,899 | |||
| Foundation | Bursary Fund | 490,921 | 8,692 | (40,620) | 458,993 | |||
| 1,718,056 | 214,142 | (186,816) | (25,747) | 1,719,635 | ||||
| Total offunds | 4,201,286 | 264,828 | (249,010) | (88,160) | 4,128,944 |
| Analysis | of net assets between | funds | -current year | -current year | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||||
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2021 | ||||
| F | |||||||
| Fixed asset investments | 2,090,410 | 1,985,213 | 327,378 | 4,403,001 | |||
| Current assets | 394,693 | 394,693 | |||||
| Creditors | due within one year | (3,600) | (3,600) | ||||
| Total | 2,481,503 | 1,985,213 | 327,378 | 4,794,094 | |||
| Analysis | of net assets between | funds | - prior year | ||||
| Unrestricted | Restricted | Endowment | Total | ||||
| funds | funds | funds | funds | ||||
| 2020 | 2020 | 2020 | 2020 | ||||
| E | E | E | |||||
| Fixed asset investments | 1,714,650 | 1,719,635 | 273,967 | 3,708,252 | |||
| Current | assets | 442,643 | 442,643 | ||||
| Creditors | due within one year | (21,951) | (21,951) | ||||
| Total | 2,135,342 | 1,719,635 | 273,967 | 4,128,944 |