## ## ## ## |INDER||| |---|---|---| |||Page| |Trustees' Annual
Report||1-2| |Independent
Examiner's|Report|| |Receipts and Payments|Account|| |Statement ofAssets and Uabilities||| |Notes tothe Accounts||| |Schedule ofinvestments||| ## ## ## ## |The charity's|advisers|during the year ended 9October 2021were:|||| |---|---|---|---|---|---| |Solicitors||Hallmark
Hulme
LLP, 3-5 Sansome Place,|Worcester, WR1 1UQ||| |Administrator||Bryony Gaskell, 7 Swan Orchard, Alfrick,|Worcestershire,||WR6 SHZ| |Bankers||Lloyds Bank pic, The Cross, Worcester, WR1||3PY|| |Stockbrokers||Canaccord Genuity Wealth Management,|Princes Drive,||| |||Worcester, WR1 2AB|||| |Independent|Examiner|R.l.Richards, The Richards Sandy Partnership||Limited, Chartered|| |||Certified Accountants,
Thorneloe House,|25|Barbourne|Road,| |||Worcester, WR1 1RU|||| ## ## ## ## ## ## ## ## ## ## ## |FORTHE YEARENDED|9 OCTOBER|2021||||| |---|---|---|---|---|---|---| |||||2021||2020| |||UNRESTRICTED||RESTRICTED|TOTAL|TOTAL| |||INCOME|FUND|CAPITAL FUND|FUNDS|FUNDS| |||f||f|f|f| |Receipts||||||| |Investment
income:||||||| |Dividends
and interest|from|||||| |listed investments|||25,655|779|26,434|24,225| |Bank and other deposit interest|||||6|194| |Proceeds ofsale ofinvestments||||176,980|176,980|98,799| |Total receipts|||25,661|177,759|203,420|123,218| |Payments||||||| |Direct charitable expenditure:||||||| |Grants to students|||25,192||25,192|26,113| |Investment
management|charges|||3,780|3,780|3,609| |Administration|||1,500|1,500|3,000|4,590| |Independent
Examination|||420||420|420| |Purchase ofinvestments||||186,612|186,612|84,191| |Total payments|||27,112|191,892|219,004|118,923| |Net receiptsl(payments)|forthe year||(1,451)|(14,133)|(15,584)|4,295| |Bank balances at9October 2020|||55,159|19,290|74,449|70,154| |Bank balances at9October 2021|||53,708|5,157|%S,865|74,449| ## ## ## |ASAT9OC|TOBER2021|||||| |---|---|---|---|---|---|---| |||||2021||2020| |||||RESTRICTED||| |||UNRESTRICTED||CAPITAL|TOTAL|TOTAL| |||INCOME|FUND|FUND|FUNDS|FUNDS| |||E||E|E|E| |Cash and bank deposRst||||||| |Bank current|account|10,959|||10,959|3,798| |Stockbroker|deposit account||263|3,444|3,707|16,459| |Charities deposit fund||42,486||1,713|44,199|54,192| |||53,755||5,157|55,855|74,449| |Investment|assets:|||||| |Investments|at market value (see page 7)|||622,872|622,872|575,235| |Uabilities:||||||| |independent|Examiner's fees||432|||| ## ## ## ## ## ## ## ||||)gy ge|)gy ge|||SI|e|||Iauliamwe|Iauliamwe|Iauliamwe|Iauliamwe|Iauliamwe||ll|ll||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||SEIZ|I||||||||||||||||||||||||||||||||||||| ||||||'ia«I
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