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|---|---|---|---|
|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||||
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|||||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|
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|||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||
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||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||
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|Auditors'
remuneration|||||
|---|---|---|---|---|
||||2023|2022|
||||8|5|
|Fess payable tothe Charity's
accounts|auditor forthe audit ofthe Cherty's|annual|1,900|1,800|
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|||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|
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|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|
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||||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|
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|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|
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