**To**
## **Trustees' Annual Report for the period**
Period start date Period end date 01 April 2024 31 March 2025
**From**
## Section A Reference and administration details
**Charity name** Alvechurch Grammar School Endowment **Other names charity is known by** Alvechurch Educational Trust **Registered charity number (if any)** 527440
Alvechurch Grammar School Endowment
**Charity's principal address** c/o 20 Willowbrook Road
Alvechurch Birmingham **Postcode B48 7PZ**
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||JeremyTrafford|Chair||Majorityof Trustees|
||KayCholmondeley|||“|
||Rachel Reed|||“|
||Rev Gail Rogers|||“|
||Dawn Dearden|||“|
||Marc Worrall|||“|
||Lisa Rees|||“|
||Lynda Fawthrop|||“|
||Stephen Hornsby|||“|
|||||“|
## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
## **Names and addresses of advisers (Optional information)**
**Type of adviser Name Address**
## **Name of chief executive or names of senior staff members (Optional information)**
March **2012**
**TAR**
1
**Section B Structure, governance and management**
## **Description of the charity’s trusts**
Type of governing document
Trust Deed
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
Trustee selection methods
Appointed by the majority of the Board
- (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C Objectives and activities**
**Summary of the objects of the charity set out in its governing document**
Promoting education of persons under the age of 25 years who are resident in or who have a parent/carer resident in the area of benefit or attend an educational establishment in the area of benefit and who are in need of financial assistance.
To make grants to any voluntary organisation in the area of benefit, the objects of which include the promotion of education of improvement of the conditions of life for persons under the age of 25 years.
March **2012**
**TAR**
2
Grants are provided to individuals who meet the conditions as outlined in the objects of the charity.
In addition, Trustees make every effort to provide assistance to the community, by way of grants to voluntary organisations in the locality.
The Trustees are mindful of the guidance provided by the Charity Commission regarding public benefit, and is reviewed annually when the report and accounts are presented at meeting.
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
## **Additional details of objectives and activities (Optional information)**
The Trust has an Investment Policy covering investment objectives: a medium risk strategy: liquidity requirements: ethical investing: management, reporting and monitoring. The Trustees have also adopted the MSCI Private Investor “Balanced” Total Return index as a suitable benchmark.
You **may choose** to include further statements, where relevant, about:
The Trust has a Grants Policy which is reviewed annually and includes Financial Guidelines to ensure Awards are fair and consistent .
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
March **2012**
**TAR**
3
Section D Achievements and performance
The Trust continues to provide assistance to individuals and **Summary of the main** organisations in the local community in line with the objects of the charity. **achievements of the charity during the year** Trustees have raised concerns about the management and performance of the Investment Portfolio. The portfolio performance will continue to be monitored as a priority. An approach has been made to another Investment Management company to ask them to present options to Trustees. Applications for awards have increased significantly in the last 12 months.
March **2012**
**TAR**
4
## **Section E Financial review**
Monies held on deposit at Lloyds Bank plc are considered to be **Brief statement of the** endowment funds. **charity’s policy on reserves** Trustees aim to maintain an average working balance of at least £15,000 throughout the financial year, taking cognisance of the variable grant applications that are made to the Trust.
**Details of any funds materially** None **in deficit**
## **Further financial review details (Optional information)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
The principal source of funds is derived as investment income from the endowment fund, initially created in the early 1900’s.
Expenditure is kept to a bare minimum, enabling 85 to 90% of income to be available as grants. Trustees are aware that grants payable has exceeded the investment income in the last 2 reporting periods.
The Trust has adopted a medium – risk strategy, which is reviewed with the investment advisers every two years.
- investment policy and objectives including any ethical investment policy adopted.
## **Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary, Chair,**
**etc)**
**Date**|Jeremy Trafford|Sue Moxon|
|---|---|---|
||Jeremy Trafford|Sue Moxon|
||
Chair|Clerk to the Trustees|
||
9.9.2025||
||
9.9.2025||
March **2012**
**TAR**
5
## **ALVECHURCH GRAMMAR SCHOOL**
## **ENDOWMENT FUND**
## **ACCOUNTS FOR YEAR ENDED**
**31st March 2025**
## **ALVECHURCH GRAMMAR SCHOOL ENDOWMENT FUND**
## **INCOME AND EXPENDITURE ACCOUNT**
## **Year to 31st March 2025**
|**Note**
**Income**
Investment income
**1**
Bank and other interest
**2**
Sundry Income
**Expenditure**
Management and administration
**3**
**Funds available for distribution**
**Less: Grants payable**
**4**
Individuals
Organisations
**Operating surplus for the year**
**Gain/(loss) on investment assets**
Realised/Unrealised gain/(loss) on investments
**Net movement in funds**
**Balance brought forward as at 31 March 2024**
**Balance carried forward as at 31 March 2025**|**2025**
**£**
29,850.92
114.22
1,090.00
31,055.14
4,588.78
4,588.78
26,466.36
25,256.96
6,500.00
31,756.96
(5,290.60)
(6,377.29)
(11,667.89)
720,563.69
708,895.80|**2024**
**£**
28,847.16
107.88|
|---|---|---|
|||28,955.04|
|||4,531.06|
|||4,531.06|
|||24,423.98
14,301.48
11,000.00|
|||25,301.48|
|||(877.50)
(43,306.38)|
|||(44,183.88)
764,747.57|
|||720,563.69|
## **ALVECHURCH GRAMMAR SCHOOL ENDOWMENT FUND**
## **NOTES TO THE ACCOUNTS**
## **Year to 31st March 2025**
|**1**
**Investment income**
Narrow range
Sundry
**2**
**Bank and other interest**
Bank interest
Stockbroker interest
**3**
**Management and administration**
Fund administration
Accountancy fee
Postage & Stationery
Sundries
Website costs
Advertising
**4**
**Grants payable**
Individuals
Organisations
**6**
**Investments**
Government Securities
UK Equities and Unit Trusts|**£**
29,850.92
-|**2025**
**£**
|**£**
28,847.16
-|**2024**
**£**
|
|---|---|---|---|---|
||114.22||
107.88
-||
|||29,850.92||28,847.16|
|||||
|
||4,000.00
100.00
-
100.00
388.78
-||
4,000.00
100.00
-
16.00
351.57
63.49||
|||114.22||107.88|
|||
||
|
||25,256.96
6,500.00||
14,301.48
11,000.00||
|||4,588.78||4,531.06|
|||
||
|
||659,673.91||
-
669,424.69||
|||31,756.96||25,301.48|
|||||
|
||||||
|||659,673.91||669,424.69|
## **ALVECHURCH GRAMMAR SCHOOL ENDOWMENT FUND**
|**Note**
**Fixed Assets**
Investments
**6**
**Current Assets**
Short term deposits
Cash at bank and in hand
**Creditors :**
due within one year
**Net Current Assets**
**Net Assets**
**Represented by**
**Unrestricted funds**
Endowment fund
Difference|**BALANCE SHEET**
**at 31st March 2025**
**2025**
**£**
**£**
659,673.91
13,441.10
35,780.79
49,221.89
49,221.89
**708,895.80**
708,895.80
**708,895.80**
0.00|**£**
10,067.61
41,071.39
51,139.00
-|**2024**
**£**
669,424.69
51,139.00|
|---|---|---|---|
||||**720,563.69**|
||||720,563.69|
||||**720,563.69**|
||||0.00|
## **INVESTMENTS**
## **Movement in Year to 31 March 2025**
|**Movement in Year to 31 March 2025**|||
|---|---|---|
||**2025**|**2024**|
||**Value**|**Value**|
||**£**|**£**|
|As at 1 April 2024
|679,492.30|722,798.68|
|As at 31 March 2025
|673,115.01|679,492.30|
|Movement being gain/(loss) on investments in year|(6,377.29)|(43,306.38)|
|Transfer from Trust Fund to Investments in Year|||
|Realised/(Unrealised Gains) - balancing figure|(6,377.29)|(43,306.38)|
||(6,377.29)|(43,306.38)|
|**Value Split for Balance Sheet Purposes**|||
|Taken from EFG Valuation Details ( on page 6 of 16)|||
||**2025**|**2024**|
|Total Investment Value as above
|673,115.01|679,492.30|
|Short Term Deposits - per Balance Sheet|||
|Deposit Account
|6,340.18|2,383.78|
|Earnings Account
|7,100.92|7,683.83|
||13,441.10|10,067.61|
|Investments - per Balance Sheet
|659,673.91|669,424.69|
|Total Investment Value
|673,115.01|679,492.30|
ALVECHURCH GRAMMAR SCHOOL ENDOWMENT TRusr
Charity Commi55i(kn Rgj. No. 527440
AccouKfs FOR THE YEAR ENDED 31.03.25
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