2022-07-31-accounts

Governors		PJ Smith (Chairman)	PJ Smith (Chairman)	PJ Smith (Chairman)
		Professor J R Bryson
		C D Nicholls
		TBotterill
		Miss E Griffin
		CA Sherrey (Deputy			Chairman)
		RSSherrey
		A Constantinou
		W F McFarland
		Mr P BCopsey
		Mrs VA Bordewich				(Appointed	5April 2022)
		R De Morewood	Blomfield			(Appointed	16March
						2022)
Chapel Fund	Committee	PJ Smith
		Miss E Griffin
		A Constantinou				OWA Representative
Charity number		527523
Clerk to the	Governors	Reverend Justin T		Parker
		mfg Solicitors LLP
		Adam House
		Birmingham Road
		Kidderminster
		Worcestershire
		DY102SH
Independent	examiner	Sandra Garrington		(FC.A. , F.C.C.A. ,		C.TA.)
		Price Pearson
		Finch House
		26-30 Wolverhampton			Street
		Dudley
		West Midlands
		DY1 1DB
Bankers		HSBC Bank Pic
		31 Church Street
		Kidderminster
		Worcestershire
		DY102AY
Solicitors		mfg Solicitors LLP
		Adam House
		Birmingham Road
		Kidderminster
		Worcestershire
		DY102SH

Investment	advisers	CCLA Investment	Management	Management	Limited
		1 Angel Lane
		London
		EC4R 3AB
Property advisers		Phipps & Pritchard
		1 High Street
		Stourport-on-Severn
		Worcestershire
		DY138DJ
Accountants		Price Pearson
		Finch House
		28-30Wolverhampton		Street
		Dudley
		West Midlands
		DY1 1DB

				Page
Governors	report
Independent	examiner's		report
Statement	offinancial	activities
Balance sheet
Notes to the accounts				7-19

			Unrestricted	Unrestricted	Unrestricted		Restricted	Endowment	Total	Total
			funds		funds		funds	funds	2022	2021
		Notes	general 6		designated	f	6	F	6	E
Investments		2	180,707		9,137		700		190,544	183,422
Ezuttgttitttfttgtt.
Charitable activities		3	181,001		8,843		700		190,544	183,422
Net gain on
investments								4,599	4,599	880,935
Net incoming
resources before
transfers			(294)		294			4,599	4,599	880,935
Gross transfers
between funds			294		(294)
Net movement	in funds							4,599	4,599	880,935
Fund balances	at 1
August 2021								6,720,451	6,720,451	5,839,516
Fund balances	at
31July 2022								6,725,050	6,725,050	6,720,451

				2022		2021
			Notes	6		E
Fixed assets
Tangible assets			10				160
Investments			11		6,722,594		6,717,995
					6,722,594		6,718,155
Current assets
Debtors			13	312		302
Cash at bank	and in	hand		177,382		117,079
				177,694		117,381
Creditors: amounts		falling due within	14
one year				(175,238)		(115,085)
Net current assets					2,456		2,296
Total assets	less current liabilities				6,725,050		6,720,451
Capitalfunds
Endowment funds					6,725,050		6,720,451
(including revaluation		reserve of64,277,895,2021:		64,273,296)
Income funds
Unrestricted	funds -	general
					6,725,050		6,720,451

	UnrestrictedUnrestricted	UnrestrictedUnrestricted	Restricted	Total	Total
	funds	funds	funds	2022	2021
	general	designated
	6
Rental income	1,989			1,989	1,005
Income from listed investments	178,382	9,137	700	188,219	182,404
Interest receivable	336			336	13
	180,707	9,137	700	190,544	183,422
Forthe period ended 31July 2021	173,920	8,825	677		183,422

Support cos	ts
		2022	2021
			6
Staffcosts		11,133	9,968
Depreciation	and impairment	160	1,920
Property expenses		2,305	11,281
Insurance		2,162	2,139
Clerk's fees &disbursements			4,354
Accountancy		3,840	3,744
Sundry expenses		477	45
Postage &stationery		705	492
Website &laptop costs		9,468	1,800
Marketing		2,000
		32,250	35,743
Grant funding	ofactivities (see note 4)	156,134	144,455
Governance	costs (see note 6)	2,160	3,224
		190,544	183,422
Analysis by	fund
Unrestricted	funds - general	181,001
Unrestricted	funds - designated	8,843
Restricted funds		700
		190,544
Forthe year	ended 31July 2021
Unrestricted	funds - general		173,920
Unrestricted	funds - designated		8,825
Restricted funds			677
			183,422

4	Grants payable
		Unrestricted		Designated	Restricted	2022	2021
		funds		funds	funds
			6	6
	Grants to institutions (22grants):
	School capital and block grants 86,847					86,847	102,999
	Other capital grants	16,534				16,534	(8,500)
	Prizes		225			225	225
	Church Fees		10			10	10
		103,616				103,616	94,734
	Grants to individuals (55grants):
	Further education grants	42,975		8,843	700	52,518	49,721
		146,591		8,843	700	156,134	144,455
5	Grants payable analysis
	Grants off1,000or more made to institutions
	General Fund
	School grants						6
	Wolverley Sebright Primary School (4grants)						26,374
	Cookley Sebright Primary School (4 grants)						27,004
	Foley Park Primary Academy	(1 grant)					1,200
	Franche Community Primary	School (1 grant)					2,500
	Birchen Coppice Acadamy (1	grant)					1,000
	StOswalds CE Primary School (1 grant)						1,500
	StJames CE Primary School	(1 grant)					2,500
	Wolverley CESecondary School (2 grants)						18,643
	King Charles 1st School (1 grant)						1,000
	Sutton Park Primary RSEAcademy (1 grant)						2,000
	Other grants						f
	Cookley Village Hall & Playing	Fields Association	(2 grants)				5,934
	Wyre Forest Scouts (1 grant)						10,000

5	Grants payable analysis					(Continued)
	Grants of81,000or		more made to individuals
					Number ofpersons
	General	Fund
	Further education grants				10	16,818
	Chapel Fund
	Further education grants					4,500
	Student	grants repayable
					2022	2021
	Amounts	outstanding	brought	forward	35,936	34,751
	Advances	during the	year		16,500	6,650
					52,436	41,401
	Amounts	recovered	during the	year	(9,370)	(5,465)
					43,066	35,936

		2022f	2021
Grants	awarded	61,888	55,186
Less:	Grants received	(9,370)	(5,465)
		52,518	49,721

Governance	costs
			Governance	2022	2021	Basis ofallocation
			costs
			6
Independent	examination	fee	1,200	1,200	1,200	Governance	100%
Clerk's fees	&disbursements				1,088	Governance	20%
Accountancy			960	960	936	Governance	20%
			2,160	2,160	3,224

The average	monthly number ofemployees during the ye	ar was:
		2022	2021
		Number	Number
Management	and administration
Employment	costs	2022	2021
Wages and	salaries	11,133	9,968

9	Net gains	/(losses) on	investments
				2022	2021
				E	f
	Revaluation of investments			4,599	880,935
10	Tangible	fixed assets
					Website
					8
	Cost
	At 1August 2021				23,777
	At 31 July	2022			23,777
	Depreciation and impairment
	At 1 August 2021				23,617
	Depreciation charged		in the year		160
	At 31 July	2022			23,777
	Carrying	amount
	At 31 July	2022
	At 31 July	2021			160

Fixed asset investm	ents
	Land and	COIF	COIF	Total
	Buildings	Property	Income
	6	Fund Shares E	Sharesf
Cost or valuation
Market Value at 1
August 2021	196,000	448,146	6,073,849	6,717,995
Valuation changes		71,105	(66,506)	4,599
At 31 July 2022	196,000	519,251	6,007,343	6,722,594
Carrying amount
At 31 July 2022	196,000	519,251	6,007,343	6,722,594
At 31 July 2021	196,000	448,146	6,073,849	6,717,995
Historical cost
At July 2022		466,923	1,791,776	2,258,699
At July 2021		466,923	1,791,776	2,258,699

12	Financial	instruments	instruments			2022	2021
						6	E
	Carrying	amount	of	financial	assets
	Equity instruments		measured		at fair value	6,722,594	6,717,995
	Carrying	amount	of	financial	liabilities
	Measured	at amortised cost				175,238	115,085
13	Debtom
	Amounts	falling	due	within	one year:	2022 6	2021f
	Prepayments and		accrued income			312	302
14	Creditors: amounts			falling due within one year
						2022	2021
	Grants payable					155,598	107,080
	Accruals	and deferred		income		19,640	8,005
						175,238	115,085

			Balance at 1	Revaluation	of	Balance at 31July
			August	fixed asset		2022
			2021	investment
			6		F.
J Edmonds Bequest Fund			23,286		88	23,374
H Oakes Music	Prize Fund		326		2	328
Old Wolvernian	Association	Prize Fund	321			321
			23,933		90	24,023

Analysis ofnet assets between	Analysis ofnet assets between	Analysis ofnet assets between	funds
			Unrestricted	Designated	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
			E	E	E		E
Fund balances at 31 July 2022
are represented	by:
Fixed assets
Investments						6,722,594	6,722,594
Current assets			175,238			2,456	177,694
Creditors: Amounts		falling due
within on year			(175,238)				(175,238)
						6,725,050	6,725,050

20 FIXEDASSETINVESTMENTS (QUOTED)	20 FIXEDASSETINVESTMENTS (QUOTED)	20 FIXEDASSETINVESTMENTS (QUOTED)	20 FIXEDASSETINVESTMENTS (QUOTED)			alarket	alarket				Market	Market
			Nominal	Sock		vsIus				Increaser	vakm
				value		8'Ist				(decrease)	81st
						July				In	JUIy
			2022 No.			2021f		Addlaons f	Disposals	vsIUstlon f	2022f
UNRESTRICTED FUND INVESTNIENTS
Charities	Official Investment		Fund:
Income shares Properly Fund income shares 295,338.61 351,197.97 DESIGNATED FUND INVESTMENTS (CHAPEL FUND)				1,698,297 427 780 2,126,077		5,780,279 411040 6,191,319				(63,291) 65,218 1.927	5,716,988 476 258 61,246
Charities	Official Investment		Fund:
Income	shares		13,883.15	84,568		271,717				(2,975)	268,742
Properly	Fund Income shams		29,926.24	36,950		35,026				5,557	40	583
				121,518		306	743			2,582	309	325
RESTRICTED FUND INVESlMENTS
J.EDMONDS BEQUEST
Charities	Oflicial Investment		Fund:
Income	shares		1,086.42	6,681		21,263				(233)	21,030
Properly	Fund income shares		1,728.25	2,134		2,023				321	2,344
H. CAKES MUSIC PRIZE FUND
Charities	Oflidal Investment	Fund .
Income Property	shares Fund income shares		15.24 24.25		94 30		298 28			(3) 5		295 33
OLD WOLVERNIAN ASSOCIATION PRIZE FUND
Chenties	Ollidal Investment	Fund:
Income	shares		14.95		92		293			(4)		289
Property	Fund income shares		23.77		29		28			4		32
											4,	23
TOTAL INVESTMENTS				2 ss	s	ssM	aas			4 saa	d	d