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|Governors|Governors||PJ Smith (Chairman)|PJ Smith (Chairman)|PJ Smith (Chairman)|||
|---|---|---|---|---|---|---|---|
||||Professor J R Bryson|||||
||||C D Nicholls|||||
||||T Botterill|||||
||||Miss E Griffin|||||
||||CA Sherrey (Deputy|||Chairman)||
||||A Constantinou|||||
||||W F McFarland|||||
||||Mrs VA Bordewich|||||
||||R De Morewood|Blomfield||||
|Chapel|Fund|Committee|PJ Smith|||||
||||Miss E Griffin|||||
||||A Constantinou||||OWA Representative|
|Charity|number||527523|||||
|Clerk to|the|Governors|Mrs BJ Drew|||||
|Independent||examiner|Sandra Garrington||(F.C.A., F.C.C.A., C.TA.)|||
||||Price Pearson|||||
||||Finch House|||||
||||28-30Wolverhampton|||Street||
||||Dudley|||||
||||West Midlands|||||
||||DY1 1DB|||||
|Bankers|||HSBC Bank Pic|||||
||||31 Church Street|||||
||||Kidderminster|||||
||||Worcestershire|||||
||||DY10 2AY|||||
|Solicitors|||mfg Solicitors LLP|||||
||||Adam House|||||
||||Birmingham
Road|||||
||||Kiddermin ster|||||
||||Worcestershire|||||
||||DY102SH|||||
|Investment||advisers|CCLA Investment||Management||Limited|
||||1 Angel Lane|||||
||||London|||||
||||EC4R 3AB|||||
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||||Unrestricted|Unrestricted|Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||funds||funds|funds|funds|2023|2022|
||||general||designated|||||
|||Notes|||||6|||
|Ingnrmfuuu;||||||||||
|Investments|||186,806||9,239|708||196,753|190,544|
|ExuenttitttmJtn;||||||||||
|Charitable
activities||3|186,445||9,600|708||196,753|190,544|
|Net (losses) Igain||||||||||
|on investments||9|||||(238,015)|(238,015)|4,599|
|Net incomingl||||||||||
|(outgoing)||||||||||
|resources before||||||||||
|transfers|||361||(361)||(238,015)|(238,015)|4,599|
|Gross transfers||||||||||
|between
funds|||(361)||361|||||
|Net movement|in funds||||||(238,015)|(238,015)|4,599|
|Fund balances|at 1|||||||||
|August 2022|||||||6,725,050|6,725,050|6,720,451|
|Fund balances|at|||||||||
|31 July 2023|||||||6,487,035|6,487,035|6,725,050|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|6||6||
|Fixed assets||||||||
|Investments|||||6,484,579||6,722,594|
|Current assets||||||||
|Debtors|||13|324||312||
|Cash at bank and in|hand|||173,198||177,382||
|||||173,522||177,694||
|Creditors: amounts|falling due within||14|||||
|one year||||(171,066)||(175,238)||
|Net current assets|||||2,456||2,456|
|Total assets less current||liabilities|||6,487,035||6,725,050|
|Capital funds||||||||
|Endowment
funds|||||6,487,035||6,725,050|
|(Including
revaluation|reserve off4,039,880,||2022:|64,277,895)||||
|Income funds||||||||
|Unrestricted
funds -|general|||||||
||||||6,487,035||6,725,050|
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||Unrestricted|Unrestricted|Restricted|Totai|Total|
|---|---|---|---|---|---|
||funds|funds|funds|2023|2022|
||general|designated||||
||F|8||||
|Rental income|1,989|||1,989|1,989|
|Income from listed investments|180,567|9,239|708|190,514|188,219|
|Interest receivable|4,250|||4,250|336|
||186,806|9,239|708|196,753|190,544|
|For the period ended 31July 2022|180,707|9,137|700||190,544|
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|||2023|2022|
|---|---|---|---|
|Staff costs||14,884|11,133|
|Depreciation|and impairment||160|
|Property expenses||10,414|2,305|
|Insurance||2,295|2,162|
|Legalfees||1,740||
|Accountancy||4,272|3,840|
|Sundry expenses||822|477|
|Postage &stationery||430|705|
|Website
&laptop costs||(5,650)|9,468|
|Marketing||(2,000)|2,000|
|||27,207|32,250|
|Grant funding|ofactivities (see note 4)|167,278|156,134|
|Governance|costs (see note 6)|2,268|2,160|
|||196,753|190,544|
|Analysis
by|fund|||
|Unrestricted|funds - general|186,445||
|Unrestricted|funds - designated|9,600||
|Restricted funds||708||
|||196,753||
|For the year|ended 31July 2022|||
|Unrestricted|funds - general||181,001|
|Unrestricted|funds - designated||8,843|
|Restricted funds|||700|
||||190,544|
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||||Unrestricted|Designated|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|||
||||E|E|E|E|E|
|Grants to institutions||(18grants):||||||
|School capital and|block grants||121,468|||121,468|86,847|
|Other capital grants|||3,100|||3,100|16,534|
|Prizes|||225|||225|225|
|Church Fees|||10|||10|10|
||||124,803|||124,803|103,616|
|Grants to individuals||(58grants):||||||
|Further education|grants||32,167|9,600|708|42,475|52,518|
||||156,970|9,600|708|167,278|156,134|
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|School grants|||
|---|---|---|
|Wolverley
Sebright Primary Academy (3grants)||36,556|
|Cookley Sebdght
Primary School (3|grants)|36,556|
|Wolverley CE Secondary School (3|grants)|30,356|
|Birchen Coppice Academy (1 grant)||5,000|
|Burlish Primary School (1 grant)||1,500|
|Franche Community
Primary School|(1 grant)|5,000|
|StCathednes
CE Primary School (1|grant)|1,500|
|Stourport
Primary Academy
(1 grant)||1,000|
|Sutton Park Primary RSEAcademy|(1 grant)|3,750|
|Other grants||E|
|Wyre Forest Scouts (1 grant)||2,500|
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|Grants payable analysis|Grants payable analysis|Grants payable analysis|||||(Continued)|
|---|---|---|---|---|---|---|---|
|Grants off1,000or||more made||to individuals||||
|||||||Number ofpersons||
|General Fund||||||||
|Further education
grants||||||14|25,176|
|Chapel Fund||||||||
|Further education
grants|||||||8,400|
|Student grants repayable||||||||
|||||||2023f|2022
6|
|Amounts
outstanding||brought|forward|||38,315|31,185|
|Advances
during the||year||||2,500|16,500|
|||||||40,815|47,685|
|Amounts
recovered|during the||year|||(8,270)|(9,370)|
|||||||32,545|38,315|
|The charge for further||education||grants included|in the revenue|account is made up as follows:||
|||||||2023|2022|
|||||||6|8|
|Grants awarded||||||50,745|61,888|
|Less: Grants received||||||(8,270)|(9,370)|
|||||||42,475|52,518|
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|Governance|costs|||||||
|---|---|---|---|---|---|---|---|
||||Governance|2023|2022|Basis ofallocation||
||||costs|||||
||||F|||||
|Independent|examination|fee|1,200|1,200|1,200|Governance|100%|
|Accountancy|||1,068|1,068|960|Governance|20%|
||||2,268|2,268|2,160|||
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|8|Employees|||||||||
|---|---|---|---|---|---|---|---|---|---|
||The average
monthly||number ofemployees|||during the|year was:|||
|||||||||2023|2022|
|||||||||Number|Number|
||Management
and administration|||||||||
||Employment
costs|||||||2023|2022|
|||||||||8|E|
||Wages and salaries|||||||14,884|11,133|
||There were no employees|||whose annual|remuneration||was more than 860,000.|||
|9|Net gains/(losses)|on investments||||||||
|||||||||2023|2022|
||Revaluation
ofinvestments|||||||(238,015)|4,599|
|10|Tangible fixed assets|||||||||
||||||||||Websitef|
||Cost|||||||||
||At 1 August 2022||||||||23,777|
||At 31 July 2023||||||||23,777|
||Depreciation
and impairment|||||||||
||At 1 August 2022||||||||23,777|
||At 31 July 2023||||||||23,777|
||Carrying
amount|||||||||
||At 31 July 2023|||||||||
||At 31 July 2022|||||||||
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||Land and|COIF Property|COIF|Total|
|---|---|---|---|---|
||Buildings||Income||
||||Shares||
|||Fund Shares|||
||6|6|||
|Cost or valuation|||||
|Market Value at 1|||||
|August 2022|196,000|519,251|6,007,343|6,722,594|
|Valuation changes||(102,770)|(135,245)|(238,015)|
|At 31 July 2023|196,000|416,481|5,872,098|6,484,579|
|Carrying
amount|||||
|At 31 July 2023|196,000|416,481|5,872,098|6,484,579|
|At 31 July 2022|196,000|519,251|6,007,343|6,722,594|
|Historical cost|||||
|At 31 July 2023||466,923|1,791,776|2,258,699|
|At 31 July 2022||466,923|1,791,776|2,258,699|
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|12|Financial|instruments|instruments||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||||||6|
||Carrying|amount|of|financial||assets|||
||Equity instruments||measured|||at fair value|6,484,579|6,722,594|
||Carrying|amount|of|financial||liabilities|||
||Measured|at amortised|||cost||171,066|175,238|
|13|Debtors||||||||
||||||||2023|2022|
||Amounts|falling|due||within|one year:|E|E|
||Prepayments
and||accrued income||||324|312|
|14|Creditors: amounts|||falling due within one year|||||
||||||||2023|2022|
||||||||6|E|
||Grants payable||||||162,433|155,598|
||Accruals|and deferred|||income||8,633|19,640|
||||||||171,066|175,238|
|||||Balance at 1|Revaluation|of|Balance at 31July|
|---|---|---|---|---|---|---|---|
|||||August 2022|fixed asset||2023|
||||||investment|||
|J Edmonds|Bequest Fund|||23,374||(937)|22,437|
|H Oakes Music||Prize Fund||328||(14)|314|
|Old Wolvemian||Association|Prize Fund|321||(12)|309|
|||||24,023||(963)|23,060|
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|||||Nominal|Book Value|Market|Value|||Increase I|Market|Value|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||(Decrease)|||
|||||||31stJuly 2022||Additions|Disposals|in valuation
31stJuly 2023|||
|UNRESTRICTED FUND INVESTMENTS||||No.|6|8||6|8|6|6||
|Charities|Official Investment|Fund:|||||||||||
|Income|shares|||295,338.61|1,700,341|5,716,988||||(128,708)|5,588,280||
|Property|Fund Income shares|||351,197.97|427,780|476,258||||(94,261)|381,997||
||||||2,128,121|6,193,246||||(222,969)|5,970,277||
|DESIGNATED FUND INVESTMENTS (CHAPEL FUND)|||||||||||||
|Charities|Official Investment|Fund:|||||||||||
|Income|shares|||13,883.15|84,568|268,742||||(6,051)|262,691||
|Property|Fund Income shares|||29,926.24|36,950||40,583|||(8,032)||32,551|
||||||121,518|309,325||||(14,083)|295,242||
|RESTRICTED FUND INVESTMENTS|||||||||||||
|J.EDMONDS BEQUEST|||||||||||||
|Charities|Official Investment|Fund:|||||||||||
|Income|shares|||1,086.42|6,681||21,030|||(473)||20,557|
|Property|Fund Income shares|||1,728.25|2,134||2,344|||(464)||1,880|
|H. OAKES MUSIC PRIZE||FUND|||||||||||
|Charities|Official Investment|Fund:|||||||||||
|Income shares||||15.24|94||295|||(7)||288|
|Property|Fund Income shares|||24.25|30||33|||(7)||26|
|OLD WOLVERNIAN
ASSOCIATION|||PRIZE FUND||||||||||
|Charities|Official Investment|Fund:|||||||||||
|Income shares||||14.95|92||289|||(6)||283|
|Property|Fund Income shares|||23.77|29||32|||(6)||26|
||||||9,060|24,023||||(963)||23,060|
|TOTAL INVESTMENTS|||||2,258,699|6,526,594||||(238,015)|6,288,579||