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||||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||||
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|||||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|
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|||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||
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||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||
##
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||||2021|2020|
|---|---|---|---|---|
|Fees payable to the Charity's|auditor for the audit ofthe Charity's|annual|||
|accounts|||1,800|1,800|
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|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|
##
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|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|
##
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|||||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|
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|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|
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