REGISTERED CHARITY NUMBER: 526599 REPORT OF THE TRUSTEFS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21125 FOR HINDLEY AND ABRAM GRAMMAR SCHOOL FOUNDATION Fairhursl ActounL2nts I.td Chartered Accountsnt$ Douglas Bank House Wigan Lane Wigan Lancashire WNI 2'fB
HINDLEY AND ABRAM GRAMMAR SCHOOL FOUNDATION CONTENTS OF THE FINAf4CIAL STATEMENTS for the Year EDdtd 31 M#reh 2025 Pggt Report orth¢ Tru$ttts Indendt EAminer'$ Report Statement ofFiDattcial Artivitie5 ststtment ofFinand&l Posltion N•t¢s to th¢ Finan¢i#l Statemuts 7 to 10 tkthiltd Statemtht of Fin#neil Aetlvttles
HINDLEY AND ABIIAM GRAMMARSCHOOL FOUNJ)AI'ION REPORT OF THE TRUSTEES for the Y¢4r End¢d 31 M&rch 2025 'I'he trustees e$ellt their TeTX)rt with the financial staremenLs of th¢ charity fnT thc yw cnded 31 Mareh 2025. The trnstees 'e adopted thc pn)visions of Accounting and Repirting by Charities- Sratrment of RttornmeNled Praclice appliLabl¢ (O ¢harities preparing their a¢counL8 in a¢£ordance Mqth the Financial RqKKting St¥JJdard ¥ppli¢able in th¢ UK and Republic of Ireland (FRS 1021 leiTe¢uve l January 2019), OWFCTIVFS AND ACTIVITIES Obl¢rtlv¢$ ano Alm$ In bricf, thc primary objcctive5 arc to promote the edatIon of rSOnS under th¢ age of 25 )eaT5 in the Metropolitan BorL)ugh of Wigan with the Preference fur such rerSOT]s who rtside in either the fomier Urban Districts of Hindley or Abra and who in rt¢ed of fithartcial $stance. Full d¢t&ils of thc &%8istancc availabl¢ iogeth¢r with appn)priate application forms. c8n be oiained fmm the wretary to the ACHIEVEMENTS Af+iD PERFORMANCE Revi¢w of A¢tivities ind Ftttllre DevelopmeDt Thc truslc£8 havc ContillL to pn)motc thc charit), and have direct contact appTDP]iate educaiional ¢stsblishments. The tNste£s have conlinued to rnake dPPWPTiat¥ #wards and 10 awar(ts w¢re made this year. The irustees continue to aaively seek Eneficiaries for the remaining accumulated income and durin¥ 25126 will eontinue with their stTatC8y to attract addi110n applicatM)rns from individuals and from Wi88n Council s¢hth)18. Thi8 year 8r2nL% have ranged from £300 to £5.(M)O to 4 schools and 6 students undertaking coutX5 of tYJU10n in s¢hwl8 ¢olleges and universities. Grants have been made in rrydrd vf Loune fèyts, examinalion fe£& ixx)k5 and t4uipmen m#ini¢ndn¥¥ 811¢)wJntts and travd ex[)Se5. Students are encouraged to r¢Irt the7rprus. Ihe tNste¢s have due gard to thc public Inefit rcgimc kn their consilkration of grant &&818tanee thEt thrir actions demon5tTate their commitment to satisfying the 4wropriate requiTemcnts. The tru5ttts hawe due r¢gard to Ihe publish 8uidance on the subject in their delikrdtions (The Advancement of Education for Public BenefLtI and adopL its princip1£5 in delivering the aims and objeetive5 of the TTU5t acLY)rdin&TIy. Ther¢ ar¢no privat¢ or incidtal Eenefits arUIn8 to tNstees. FINAPICIAL REVIEW lllve51rnent poilty #nd objeetive$ The Ituslee5 have wide w)WW5 uf investsn#Jt. They hal'e appointed Rathkne Investment MagnI)t Limited to manage their fvTrd%.'I'h&%e fiJnds.%hould rnanagcd prndentl> wth the avL)i4Jan¢e of ujdue risk. Trth aIl invesimenL8 to quotcd on a reCOlsed stock exehange.'I'he truses are to etiVe regular peYfi)mi8nix Teports from their tnanager. The trustett% will review their rx)licy from time lime when n¢sary 2nd pnjtht to th so, ReseTrryes poliry The ttust(S Folicy regarding the wt aca]mulations is referred to in their review of activities. Onc¢ this aceumulation has been dwali wth, ¢h¢y wuuid retain 8n accumulation equal to approximately six months income to ellsure Ihal emer8cncy JYqu¢sts Can be meL STRUCTURE. COVERP4ANCE AND MANACEMENT Constitution The tsust is governed by a scheTne of the Charity CvtnTniSSiI)n Llaled 2nd Moy 1997. Previously it was a scheme dated 2nd November 1909 by the Board of Education as varied by schem¢s made by the S• of Slate for Education and S¢ience 31st July 1967 and 29ih Jun¢ 1970. Page I
HINDLEY AND AB114M GRAMMAR SCHOOL FOUNDATION REPORT OF THE TRUSTEES for th¢ Y¢8r Ended 31 March 2025 STRUCTURE, GOVERJ+JANCE AND MNAGEMENT Organi5ation The tr]stees meet at re8ulaT interva15 to assess and approve app]itionS for grants and review the adminislTation of lh¢ charily. Th¢ tru$t¢¢s considerthis io E¢ ad¢quat¢ in a¢hieving the tnain objectivesof the charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Dumber 5265 Prlncipal address 3 Edinburgh Drive Hindley Cffe Wigan Lanc85hiTe WN2 4HL Trustees 'The charity rnles proviik for a L*)dy of thustees Consisting of six wmwent who are dividoj ill the tys, as I. Co-opted trustees these are three tnJstc£s, each of whom h&8 a special knowledge of th¢ Metropolitan Borough of Wigan. Thcy hald of rice for fivc yw. 2. P4TrminAtrd trus¢e¢s- these suth twsteo8 king one person nominated by Wigan Metropolitsn Borough Coun¢il and one persLin nomin ati4J by Wigan and Leigh College. Th¢y hold offjce for four yeaTS. Ex-otricio trustee . this 15 the inLutnlxnt fiir the lim¢ b¢ing of the benefi¢e ul'st. P¢r, Hindley. Detai15 of the personswho have been tru5tets sirKe 1st April 2024 until the date of thi.% rnyort ar¢.%eL out bclow: Cwpte41 O M Porter Esq- Chainnan- Relected April 2024 for l year G M PoT(eT E4- Tru%tee- Re-eleded ApTiI 2023 for 5 y(xrs Mrs V l)aTr-'Iru%tee- Re•¢Ited O¢tDber 2021 for 5 Yr$ Mn A Naylor- Ttus¢ee- Elected January 2023 for 5 years P4omiNted Mari¢'l igh¢- ketired SeNember 2024 (No replement has yet been made for Wigan & Leigh College) MTS C.Tarring- E1¢Ct April 2023 ltsr 4 years. IAFv>int¢e of Wig3n Council) Ex-officio Re. N.Cook- Rq)l&ced (ktober 2024 and r¢plac by.. Rev. D Goslin8. Aptx)intoJ Octokr 2024
HINDLEY AND ABRAM GRAMMAR SCHOOL FOUNDATION REPORT OF THE TRUSTEES for the Year Ended 31 M*rth 2025 REFEREf4CE AND ADMIiyisfiL4TIVE DETAILS Indeptndtnt E1er Fairhurst Acwunthnts Lid Chth¢r¢d Acwuntants l)ougl&q Bank House Wigan IAne Wigan LanCaYe WNI 2TB lllvestMeAt Advisers R4thbone Invesiment Monagement Limited Approved by order ofthe tsmrdof bustc£$on.............................. . and signe<l on its hehalf by-. G M Porter- Trusi Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HINDLEY AND ABR4M GRAMI¥L4R SCHOOL FOUNDATION Indend¢teXaItteY.S report to the tru$tees of Hlndley 4nd Abram Grammar School FoundAtion l port the charity tru51ets on my examinaiion ofihe accounts of l.Iindley and Abram GrarDmar School Fowid2tion (thc Trust) tor the ycar endcd 31 March 2025. ResposIbIlItieS 8nd b&81s of report As ihe ¢hdrity iTus*es of the Tntsl you are reswnsLI)le for the preparatitsn of the a¢Trts kn accordance with the requiremenis of theeharities A¢t 2011 I'the AeVI. I rep)rt in rc5pc(l of my cxaminaÈion of thc Trust'5 ac£ounts caJri out under Section 145 of the Act and in carying out my examinatiim I have follnwed all applical)le Direction% given by ihe Charity Commi&%ion under Section 145{5Xb}of the ACL IAdepeDdent exaMitr.$ statement I have complded my exarninalion. I confiThi that tTrO Tn3t¢rial mattff5 have corne to my atlrnlion in conneetion with th¢ examination giving me cause to believe that in any material rpert.. aLu)unling r¢LYiTth We nvtkept r¢bPELt of the Trust as requireil by Seaion 130 of th¢A¢L or the accounts do not accord with those Tords. vr the accounts (k> not comply with the applicable requircments conccming the foTrn and content af atu)unts sct out in the Charitics IAcc4)unis and RerK)rtsl Regulations 2(M)g other than any requirement that the aCCots givc a trne and fairview which 18 not a matter ci)n%idercd &$ part oran indeFThdenl examination. I have no corKems and hav¢ o)me a¢ross no other matter5 in ¢¢)nne¢tioTh with th¢ <unination to which aiientltsTi should i drawn in thi5 rqth in order to enable a proper understhding ofihe accounts to br r¢a¢hvAI. Mr5 J8n¢ Dennis 13A11.lons1 l-.CA Fairhursi Accountsnis Lid Chariered Accouniants Douglas Bank Housc Wigan Lane Wigan 1.an%hi WNI 2TB Page 4
HINDLEY AND ABKIM GK4MMAR SCHOOL FOUNDATION STA TEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MTtb 2025 2025 2024 Total fuftds UnSl¥l¢d fimd Pernlanent EndowThent nds Note5 INCOME AND ENDOWMENTS FROM Investment income 28,871 2&871 28.479 EXPENDITiiRE ON Raising tunds 12.545 12,545 6,023 Ch#ritblc aetlvltle$ Core activitie5 19,918 19,918 67.713 Totsl 32,463 32.463 73.736 Net gainsI(loSI on inwe#ments 15,8741 15,874) 62,180 NET INCOMEI(EXPENDITURE) {35921 55,879 15.874) (55.879) {9,4661 16,923 Trgnsfers between tsnds movement in furtd$ 52,287 (61,753) 19.466) 1(923 REcof4CILIATION OF FL'NDS ToLal lllnds brought forward 50,529 1,170,075 1,220,6(4 1,203,681 TOTAL FUNDS CARRIED FORWARD 102,816 1.108222 1211,138 1,220.604 'Ihe notes fomi partof these financi statemenrs Pag¢ 5
HINDLEY AND ABR4M CK4MMAR SCH(K)L bOUNDATION STATEMEP4T OF FINAiYCIAL POSITION 3) March 2025 2025 Totst runds. 2024 Unrestricted rvnd Pern)anenl EndowThenl nds Noli FIXED ASSETS Investmertts I,108J22 1,108J22 .170,075 CURRENT ASSETS C&%h at bank 104,356 104J50 52,(169 CREDITORS AmL>unts falling due wthin one year 11.540} {1,5401 11.5401 NET CURRENT A&SETS 102.816 102,816 50,529 TOTAL ASSETS LESS CURRENT LIABILITIES 102.816 1.108J22 1.211,138 1220:f NET ASSLTg 102,816 1,108J22 12ll,138 1220,604 FUNDS UnsinCted fund5 En(knwryneni ndS 102,816 ,108,322 50,529 1,170.075 TOTAL FUP4DS 1211,138 1220,604 The financial stsl¢m¢nl4 ere approved by the Board of Trustees aNI auth¢xised for issue on atMI were Sign on its Ekhalf by.. G M Porter- Iyfstee The notc5 fomi part of thes¢ finaEJcial otern¢nts Pag¢ 6
HINDLEY AND ABRAM GK4MMAR SCHOOL
FOUNDATION
NOTES TO THE FINANCL4L STATEMEIYTS
for the Year Ended 31 MAreh 2025
ACCOUNTINC POLICIES
Bs$5s of preparlng tht finaneSal $tgtem¢nts
The fin#nLial statrrn¢nis' uf the chalY* whith is a public benefit eniity und¢r FRS 102, have been prepared in
accordance iVTth the Charities SORP (FRS l(r21 'Acrountlll8 and R
HINDLEY AND ABRAM CIL4MMAR SCHOOL FOUNDATION NOTES TO THE FINANCIAL STA TEMENTS- Continued for the Year Ended 31 March 21125 RAISING FUNDS InvestmeH¢ rnanagemeDt eosts 202S 2024 Portfolio management 12.487 5,9.34 TRUSTF.ES' REMUNERATION AND BENEFITS There werc no tttes, remut)eration or other benefits for the year ended 31 March 2025 JK7r for thc yr cndcd 31 March 2024. Tru1tt5' expenses There were no tru5tees' expenses paid forthe yearenikd 31 March 2025 nor for the year end31 Mar¢h 2024. FIXED ASS¥T INVESTMENTS Lisied investments MARKET VALUE At l April ?024 Additior Disposals Revaluations 1,170,07S 472,738 (481,6931 {52,7981 At 31 Matrh 2025 1,108,322 NET BOOK VALUE At 31 March 2025 ,108,322 At 31 March 2024 1,170,075 All fixed assets investments are held within a FX)rtfolio managed by Rathbone Investment ManagemenL Cost or waluation at 31 March 2025 is Tepresented by.. investments Valuation in 2025 1,108.322 Page 8 ntinutsj...
HINI)LTr:Y AND ABRAM GRAMMAR SCH(M)L FOUNDAT10Tr4 NOTES TO THE FINANCIAL STA TEMENTS- tontinved ror the Y¢8r EDd¢d 31 Mar¢b 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Othtt credilors 1,540 1,54a MOVEMENT IN FUNDS Net mov¢ment in furtds TftSfe between funds At 3113125 Ai 114124 Unrestrltled fvuds CTeneral fund 50.529 13,5921 55,879 102,816 Endowment fllDd5 Permaneni EndoNTrThent .170.075 15.874} 155,879) 1,108.322 TOTAL FUNDS 1220.604 {9:466) 1,211.138 Net rnovemenL in in¥lu(kd ID the #ive ¥ft as lollows.. Incoming Resources expended Gatns and losses Movement in funds Unrtstrieted fumds Gcn<ral fund 28,871 132.4631 13.592) Endowment fund5 PernYdnentEndowment {5,874} 15,874} TOTAL FUNDS 28,871 {32.463) {5.8741 19.466) COmratIV¢S for movtJlleTht in funds Tlwnsfers tdween fund movem¢ni in fund Al 3113Q4 At 114Q3 Urtr¢stri¢tsd fvnd5 cJener fund 162,864 (452571 {67,0781 50,529 Endowment fMnd5 Pemanent Endowment 1.040.817 62,180 67,078 1,170,075 TOTAL FUNDS 1203,681 16,923 1.220.604 Rige 9 Itinued...
Hlf*l>LEY AND ABRAM GRAMMAR SCHOOL FOUNDATION NOTES TO TFIE PINANCIAL STATEMENTS. for the Yr Ended 31 March 2025 MOVLMENT IN FUNDS- contlnued Comparative n¢t moi'ement in fund4 included in thc atTh)ve aT¢ &s follows.. Incoming re5x>urc&s Resources expended Jain8 and Movement in fvnds UDrestrirted fvnd$ (ienerdl fund 28,479 {73,7361 (45,257} Endowmcnt funds l)Cfman£nt Endowm¢ni 62,180 62.18U TOTAL FUNDS 28,479 173,736) 62,180 16,923 RELA'IF.D PARTY DISCLOSURES 'rh¢re were no relat&1 party transadions for the ycar ended 31 March 2025. Pa8e 10
IIINDLEY AND ABRAM GRAMMAR SCHOOL FOLTNDATION DETAII.ED STATEMF.NI' OF FINANCIAL ACTIVITIES forthe Ye4r Ended 31 March 2025 2025 2024 XNCOML AND W,NDOWMENTS Investment kneom T)ividend8 from Inve5tm¢nl Portfolio Deposit acoiunt inLcrtst 28,143 728 27,613 866 28,871 28.479 Totsl Intomlng resource5 28,871 28,479 EXPFNDITIJRF. Raising donations legaoles Sundries 58 Investmtrtt maDagernen¢ costs Portfolio manugement 11487 5,934 Ch4Al#ble activitie5 GrJnls1o irldividuals 17,848 65,143 Strpport eosts Managtment SeLre&rial f¢e I JIK) Governance Costs Accountancy and legal fees 570 570 Total resources ¢xwided 32,463 73,736 Net¢xp¢nditur¢ b¢foTe gains and I055es (3,5921 (45257) Rellsed recogDised gaiD5 And IeS RvalisLxl gain{10s8¢s) on fixed asset invesunents 46,924 59.652 Netint•me 43,332 Thi5 page does not fom part of thr sts¢ulory financial sta*ments Pagell