| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Charity, its Trustees and advisers | 1 | |
| Trustees' report | 2-8 | ||
| Independent auditors' |
report | on the financial statements | 9-12 |
| Statement offinancial | activities | 13-14 | |
| Balance sheet | 15 | ||
| Notes to the financial | statements | 16-27 |
| REFERENCE AND | REFERENCE AND | ADMINISTRATIVE | DETAILS OF | DETAILS OF | THE CHARITY, ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31AUGUST 2023 | |||||
| Trustees | Mr DJHughes, | Chairman | |||
| MrSRoss | |||||
| Mr MJHughes | |||||
| Dr R D G Cooper | |||||
| MrJ Harper | |||||
| Charity registered | |||||
| number | 507487 | ||||
| Principal office | cfoWolverhampton | Grammar | School | ||
| Compton Road | |||||
| Wolverhampton | |||||
| WV3 SRB | |||||
| Clerk toths | Tmstees | SHemmings | |||
| Independent | auditors | WR Partners | |||
| Chartered Accountants |
|||||
| Belmont House | |||||
| Shrewsbury Business Park |
|||||
| Shrswsbury | |||||
| Shropshire | |||||
| SY26LG | |||||
| Bankers | Lloyds Bank | ||||
| 28a High Street | |||||
| Tettenh all | |||||
| Wolverhampton | |||||
| WV6 6QT | |||||
| Solicitors | FBCManby Bowdler | ||||
| 6-10George Street | |||||
| Snow Hill | |||||
| Wolverhampton | |||||
| WV2 4DN | |||||
| Investment | Manager | Evelyn Partners | |||
| 3rd Floor, 8Colmore | Rcw | ||||
| Birmingham | |||||
| B32BJ |
| Unrestricted | Restricted | Endowment | Total | Toiel | ||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||||
| Note | 2023 6 |
2023 f |
2023 f |
2023 6 |
2022f | |||
| Income and | ||||||||
| endowments | from: | |||||||
| Donations and |
legacies | 10,7ea | 1a7,e73 | 208,432 | 58,421 | |||
| Investments | 5 | 50,834 | 41,492 | 102,328 | 139,568 | |||
| Total income | and | |||||||
| endowments | 71,593 | 238,166 | 310,758 | 197,989 | ||||
| Expenditure | on: | |||||||
| Raising funds | 6 | 20/94 | 1,110 | 1,784 | 23,388 | 24,856 | ||
| Charitable activities |
7 | Sirt71 | 184881 | 235,952 | 205,000 | |||
| Total expenditure | 71,886 | 185,591 | 1,784 | 259,340 | 229,656 | |||
| Net | ||||||||
| (expenditure)lincome | ||||||||
| before net | ||||||||
| gains/(losses) Investments |
on | (372) | 63,574 | (1,764) | 61,418 | (31,867) | ||
| Realised net | ||||||||
| gains/bosses) Investments |
on | 2,116 | (814) | (566) | (29,027) | |||
| Net | ||||||||
| income/(expenditure) | 1,743 | 52,960 | (2,350) | 52,353 | (00,894) | |||
| Transfers between | ||||||||
| funds | 14 | (59,481) | 69/61 | |||||
| Net movement | in | |||||||
| funds before | other | |||||||
| recognised gains/(losses) |
(57738) | I12)441 | (/360) | 62363 | (60894) | |||
| Other recognised | ||||||||
| gains/(losses): | ||||||||
| Unrealised nst |
||||||||
| gains/(losses) investments |
on | (66,439) | (42,856) | (14,173) | (112,466) | (209,329) | ||
| Net movement | in | |||||||
| funds | (113,177) | 69,SSS | (16,523) | (80,115) | (330,223) |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| Note | 2023 6 |
2023 6 |
2023 6 |
2023f | 2022 | ||
| Reconciliation | of | ||||||
| funds: | |||||||
| Total funds brought | |||||||
| forward | 2,301,025 | 1,860,884 | 301,962 | 4,463,871 | 4,794,094 | ||
| Net movement | in funds | (113,177) | 69,585 | (16,623) | (60,115) | (330,223) | |
| Total funds carried | |||||||
| forward | 2,187,848 | 1,930,469 | 285,439 | 4,403,756 | 4,463,871 |
| BALANCE SHEET | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| AS AT $1 AUQUST 2023 | ||||||
| 2023 K |
2022f | |||||
| Fixed assets | ||||||
| Investments | $,959,708 | 4,087,339 | ||||
| 3,959,708 | 4,087,339 | |||||
| Current assets | ||||||
| Debtors | 12 | 6,209 | ||||
| Cash at bank and in hand | 442,S42 | 316,677 | ||||
| 44S,1S1 | 376,532 | |||||
| Creditors: amounts | falling dus within one | |||||
| year | 13 | (5,10$) | ||||
| Net current assets | 444,048 | 376,532 | ||||
| Total net assets | 4,463,871 | |||||
| Charity funds | ||||||
| Endowment funds |
14 | 285~0 | 301,962 | |||
| Restricted funds | 14 | 1,830WS | 1,880,884 | |||
| Unrestricted funds |
14 | 2,187,848 | 2,301,025 | |||
| Total funds | 4W$,755 | 4,483,871 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2023 6 |
2023f | 2023 6 |
2022 8 |
||
| Investment | income | 60,829 | 41,492 | 'I02,321 | 139,551 |
| Bank interest | 5 | 5 | 17 | ||
| 60,834 | 41,492 | 102,326 | 139,568 | ||
| Total 2022 | 55,538 | 84,030 | 139,568 |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| 2023 | 2023 6 |
2023 F |
2023f | 2022 | |||
| Investment | management | fees | 20,494 | 1,110 | 1,784 | 23,388 | 24,856 |
| Total 2022 | 12,866 | 10,293 | 1,697 | 24,856 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2023 | 2023 | 2023 | 2022 | |
| 8 | ||||
| Bursaries &Awards | 48,580 | 184,481 | 233,041 | 203,124 |
| Audit Costs | 1,900 | 1,800 | ||
| Finanoe end Other Costs | 1,011 | 1,011 | 76 | |
| 51,471 | 184,481 | 235,952 | 205,000 | |
| Total 2022 | 60,345 | 135,655 | 205,000 |
| Auditors' remuneration |
||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 8 | 5 | |||
| Fess payable tothe Charity's accounts |
auditor forthe audit ofthe Cherty's | annual | 1,900 | 1,800 |
| Other fixed | |||
|---|---|---|---|
| Listed | asset | ||
| investments | investments | Total | |
| 6 | f. | 6 | |
| Cost orvaluation | |||
| At 1 September 2022 | 3)906,591 | 180,748 | 4,087,339 |
| Additions | 828,939 | 828,939 | |
| Disposals | (679,094) | (165,942) | (845,036) |
| Revaluations | (111,534) | (111,534) | |
| At 31 August 2023 | 3,944,902 | 14,806 | 3,959,708 |
| Net book value | |||
| At 31August 2023 | 3,944,902 | 'I4,806 | 3,959,708 |
| At 31August 2022 | 3,906,591 | 180,748 | 4,087,339 |
| 2023 | 2022 | ||
|---|---|---|---|
| 6 | |||
| Due within one year | |||
| Trade debtors | 5,590 | 51,840 | |
| Other debtors | 619 | 619 | |
| Prepayments | and accrued income | 7,396 | |
| 6,209 | 59,855 |
| Statement offun | ds ~current year |
|||||
|---|---|---|---|---|---|---|
| Balance at 1 September 2022 6 |
Income 8 |
Expenditure 5 |
Transfers in/out 8 |
Gains/ (Losses) f |
Balance at 31August 2023 |
|
| Unrestricted | ||||||
| funds | ||||||
| General Appeals Funds |
2,228,357 | 71,583 | (71,965) | (69,481) | (63,324) | 2,113,180 |
| Foundation Bursary Fund |
74,668 | 74,668 | ||||
| 2,301,026 | 71,593 | (71,966) | (69,481) | (53,324) | 2,187,848 | |
| Endowment | ||||||
| funds | ||||||
| Ivy Jones Award Fund |
301,982 | (1,784) | - | (14,738) | 285,439 | |
| Restricted | ||||||
| funds | ||||||
| Martin Bequest | 484,889 | 76,448 | (1,110) | (11,436) | 548,791 | |
| OW Sports | ||||||
| Scholarship Fund |
981,828 | 28,847 | (14,715) | (20,848) | (23,037) | 930,075 |
| Bursarial Funds | (20,848) | (572) | (69,404) | 80,129 | 496 | |
| Ivy JonesAward Fund |
38,516 | 11,642 | (26,487) | 23,871 | ||
| Foundation Bursary Fund |
398,299 | (83,875) | (9,492) | 302,932 | ||
| 150Years on Compton Road |
126,000 | 126,000 | ||||
| 1,860,884 | 239,165 | (185,591) | 69,481 | (43,470) | 1,930,489 | |
| fetal offunds | 4y483y871 | 310y768 | (259 340) | (111 533) | 4y403 756 |
| Balance at | Balance at | ||||||
|---|---|---|---|---|---|---|---|
| 1September 2021f |
income f |
EXpenditure | Gains/ (Losses) |
31August 2022 |
|||
| Unrestricted funds |
|||||||
| General Appeals | Funds | 2406,835 | 59,842 | (82211) | (158,109) | 2226,357 | |
| Foundation Bursary Fund |
74,668 | 74,668 | |||||
| 2481,503 | 59,842 | (82211) | (158,109) | 2301,025 | |||
| Endowment funds |
|||||||
| Ivy Jones Award | Fund | 327,378 | (1,697) | (23,719) | 301,962 | ||
| Restricted funds | |||||||
| Martin Bequest | 408,548 | 108,724 | (17,397) | (14,986) | 484,889 | ||
| OW Sports Scholarship | Fund | 1,023,242 | 21,277 | (15,472) | (67,219) | 961,828 | |
| Bursarial Funds | 20,5S4 | 428 | (40,289) | (1,351) | (20,648) | ||
| Ivy Jones Award | Fund | 30,940 | 7,718 | (142) | 38,516 | ||
| Foundation Bursary Fund |
501,919 | (72,S48) | (32,972) | 396,299 | |||
| 1,985,213 | 138,147 | (145,948) | (116,528) | 1,860,884 | |||
| Total offunds | 4,794,094 | 197,989 | (229,856) | (298,356) | 4,463,871 |
| Analysis ofnet assets between funds | - current year | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |
| funds | funds | funds | funds | |
| 2023 F. |
2023 f |
2023 f |
2023f | |
| Fixed asset investments | 1,803,281 | 1,870,988 | 285,439 | 3,959,708 |
| Current assets | 449,151 | 449,151 | ||
| Creditors due within one year | (5,103) | (5,103} | ||
| Difference | (59,481) | 59,481 | ||
| Total | 2,187,848 | 1,930,469 | 285,439 | 4,403,756 |
| Analysis ofnet assets between funds | - prior year | |||
| Unmstricted | Restricted | Endowment | Totsi | |
| funds | funds | funds | funds | |
| 2022 | 2022 f |
2022 f |
2022 | |
| Fixed asset investments | 1,924,493 | 1,860,884 | 301,962 | 4,087,339 |
| Current assets | 376,532 | 376,532 | ||
| Total | 2,301,025 | 1,860,884 | 301,962 | 4,463,871 |