Charlty règlstratlon number $27523 (England and Walesl SEBRIGHT'S EDUCATIONAL FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
SEBRIGHT'S EDUCATIONAL FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Govemors T 8ollprlll Ichalrmanl A Shèrrey IDepuly Chairman) Professor J R Bryson Miss E Griffin A Conslanlinou Mis V A Borde¥Mch L Darkes AJ Webber D J Binnian Mrs M Y Huselbee Dr P J Hopklns (Appointed 12 March 2025} (Appointed 12 March 2025} IAppoint8d 30 Jtjly 20251 Chapel Fund Commlttee O J Binnlan Mlss E Grfffin A Conslanlinou OWA RepreseEitslive Charfty number 527523 Clerk to the Govemors Mrs B J Drew Independent examlnar Sandra Garringlon IF.C.A., F.C.C.A., C.T.A.I Pric8 Pearson FSnch House. 28-30 Wolverhampton Street Dudley Wesl Midlands DY11DB Bankern HSBC Bank PIC 31 Church Street Kidderminster Wurceslershlre DY10 2AY C A F Bank Limited 25 Kings Hill Avenue Klngs Hlll Wesl Maling Kenl ME194JQ SollcStor8 mfg Solicllois LLP Adam House Birmingham Road Kiddermin81er Worcester8hir8 DY10 2SH
SEBRIGHT'S EDUCATIONAL FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Investment advlsers CCLA Investment Management Limited 1 Angel Lane London EC4R 3AB Property advls8rs Phipps & Prilehard 1 High Street Slourport-on-severn Wgrcesl&rshire DY13 8DJ Aecauntants Price Pearson Finch House 28-30 Wolverhampton Street Dudley West Midland5 OY1 1DB
SEBRIGHT'S EDUCATIONAL FOUNDATION CONTENTS Pag& Govemors ieport Independgnl exarninerfs report Statement of finanrAal aclivilles Balance sheet Notes lo the accounts 7-18
SEBRIGHT'S EDUCATIONAL FOUNDATION GOVERNORS REPORT FOR THE YEAR ENDED 31 JUL Y2025 The Govefnor8 pr8senl their ieport and accounls lor th9 year tnded 31 July 2025. The legal and adminlslralive information fomis part of this report. The accounts have been prepared in awordancfy with the accuunling PDlicie8 sel out In note 110 Ihe accounls and comply with the Foundation's governing document, the Charities Act 2011 and 'Accounling and Reporting by Chaiilies.. Slalernenl of Recommended Praclice applicable lo charities preparing Ihelr account$ in a¢cordanco w5th the Financial Reporting Standard applicable in the LIK and Republic of Ireland IFRS 1021. (as amended for Accounllng perlods ¢ommenrJng from 1 January 2f1191 OblèctÈves and 0¢tivlties The Foundalion's objeolives aTe'. Providing for the Schools of the Foundation namely, Vvolverley Sebrighl Primary Aeadgmy Ifomedy Wolverley Sebrighl VA Prlmary School) which has alded slalus and Cookley Sebright Prlmary School Ilormedy Cookley Sebrighl Endowed First School) which has controlled slalus. in accordance with Clausès 1111), 12 14 of the Scheme of 12 February 1973, with power to provide benefits as specified in Clausè 16. Applying the residue of nel yearly income for the purposes specified In Clause 19 of the Scheme dated the 12 February 1973 as amended by the Scheme dated 23 December 1980. pl8feren being given lo applications from Ihe An¢lonl Parish of Wolverley. The Foundation's area of benefit comprises the Ancient Parish of Wolverley and the Prtvlleged Worceslorshire Area, Ihe boundaries of both of which are sel out on maps approvèd by the Charlly Commlssloners and held al the Clerk's office. In selling the objeclives, reviewing the grant making wlicy and In planning fLrtur& activities th8 Governors havtr given careful consideralion lo the duly in Seclion 1715) of the Charllies Act 2011 to hava duè regard lo thè Charity Commissions general 9uidance on public benefit. Grant maklng pollcy The Govemors Invite applications for financial assistance for further educallon gran15 and bursaries lo a8sisI with the payment Df school lees. Grants were considered by the Grants and Scholarship$ Committee and awaids made after consideration by the Governors of the recommendations of thal CommillèÈ. Appllc3tions for grants Irom schools and other charitable educational organisaltons were considgred by the Finance and General Purpose5 Committeè and awards made by the Governors after consideration ol recomm¥ndalions of Ihal Commillee and in resped of schools after consultation wilh School Governors. Th6 Govèrnors aftèr carÉfiJl eonsideration. have allocat&d all income during th& year ended 31 July 2025 and con5idgr that the objectivgs of the Foundation have been a¢higved. Achièvements and pèrformance In accordance wllh Ihe obligations irnposed on it by the scheme in the perlod under review, all Ihe avallable income has beèn expended for educational purposes and governance. Consequently il is fèll that the Foundallon has been effe¢tlvè and fulfllled ils main purposes. Ther8 hav8 b8èn no major changes in aims or organisalion during the year. Financlal review The lolal Sncomlng restsurces and resources a11ocaled for the yèar are shown In lh¢ Slalemenl of Flnanclal Aclivilies on page 5. The lolal incomlng rèsourcès amoLJnled lo £205,325 all of whlch was expended during the year. Further details of the expÈndilure can lje found In the notes lo the aceounls. During the year, the Foundation has assisted individuals. Schools and other organisalions. In51ilulions in ieceipl of granls ID the value of £1.000 or more are shown in nole 5 to the accounts.
SEBRIGHT'S EDUCATIONAL FOUNDATION GOVERNORS REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY2025 ReseNes policy Apart from the power contained in Clause 15 of the Scherne of 12 February 1973 to create a reserve fund for the purposes sel out in that Clause, the Governors have no power lo create reseryes and are required by la} tha provisions of the before mentioned Scheme and of the Scheme of 23 December 1980 lin particular Clause 3 of tho laller scheme} and Ibl the Charity Commissioners. lo expend Ihe whole of Ihe annual Inme of the Foundation In the year In whlch it arises. As regards IhÈ powèr containèd In th8 bèfore m6nlioned Clause 15 Ihe Governors have nol In the past consSdered nor do they now ¢onsider il pwd&nl to exercise lh8 power. Inve$tmgnt pollcy The Govomr5 Investment pollcy Is lo malnlaln capSt81 growth and In¢omg and lo invest al low lo medium risk. The investments are managed by an inveslmtrnl company. Details of investment assets are shown in note 11 to Ihe accounts. Th8 value of investment assels of the Foundation 8131 July 2025 8mounted to £6,835,1 whith compargs with 8 figure of £6,926,340 al 31 July 2024. The Governors arè s8lisfiÈd with thè p8rformanee ol the Foundation'8 w)veslmenls, bearing In mind market conditions prevaillnu. Rlsk factors The Governors have assessed the major rfsks lo which Ihe Foundation Is exposed, and are Satisfied that systems ale in plaGe lo miligale exposure lo the major risks. Plans for the future No changes lo the Investment strategy are envisaged and slmilar levels of income are anlicipBted for the yeBr to 31 July 2026. Structure, govemance and management The Found21ion Is a charity regislered with the Charity Commissioners nLJmber 527523 and Is regulated by th8 provisions of a S¢hÈmÈ tsf the Commissionèrs daled thè 12 F8bru8ry 1973 88 amended by Schemes dated 23 December 1980, 8 May 2002, 27 November 2002.1 July 2015 and 5 July 2017. The Governors ar8 responsible foi the administration of the Foundation (other than the Chapel Fund). There ar& fvjo Committees namely. the Flnance and General Purposes Commillee and the Grants and Soholarships Commilleg which meet regulaily and make rocommendations lo the Governors al Ihelr m8ellngs. The Chap81 Fund. in accordan w*lh the provisions of Cbause 17121 of the Schemè of 12 February 1973, 18 a(fminislered by separale trustees.
SEBRIGHT'S EDUCATIONAL FOUNDATION GOVERNORS REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY2025 The bgdy of Governors of the Foundation shall. when complete, consist of not more than twelve persons. that is lo $8y', 6 represenlalive govèrnors and not more than 6 co-opted governors The Governors who sejved dufin9 the year were.. T Botlerill (Chairman) C A Sheirey (Depuly Chaiiman) Proféssor J R Bryson C D Nicholls P J Smith Mlss E Griffin A Conslanlinou W F M¢Farland Mrs VA Bordewich R De Morewood Blomfièld L Darke5 AJ Webber D J Binnian Mrs M Y Huselbee Dr P J Hopkins (Resigned 6 July 2025} (Resigned 19 September 20241 {Resigned 9Augusl 20241 IR8sign8d 17 March 20251 IAppoinled 12 March 20251 IAppoinled 12 March 20251 (Appolnled 30 Juty 2025} The representativ& governors shall be appointed as follows.. 1 by the Old Wolvernl8n AssoGiallon 1 by the Council of Bitmlngham Univers11y 4 by the Wolv8rlèy and Cookley Parish Coun¢ll, of whom 2 musl rèpiesenl the Cookley Ward and 2 the Wolverfey Ward., The co-opted govemors sttau be appointed by resolution of th8 Govemors. A co-opted govemor may vole on such resolution. All new governors are provided with the following.. Hlslory and background information A ¢Dpy of thè Constitution A copy of the previous year accounls and report Asset eovèr for funds Note 18 sets out an analysls of Ihe assets attributable lo the various funds and notes 16 and 17 provlde dèsctiplion of lh8 fund$. Thèsè assèts ar8 sufficAenl to m8el the Foundation's obligations on a fund by fund basis. The Governors report was approved by Ihe Board of Governors. T Botteriu (Chalmanl Governor CA Sherrey (Deknch Irm Govomor 19 November 2025
SEBRIGHT'S EDUCATIONAL FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE GOVERNORS OF SEBRIGHT'S EDUCATIONAL FOUNDATION I report on the fir¢ancAal slalemenls of the Foundall¢)n for the year ended 31 July 2025, whlch are sel out on pages 5 10 18. Re¥ponslbilitie¥ and basis of report As th8 oharily's Iruslees you are re5pon8ible for the PTeparation of the accounts In a¢ctsrdan¢¥ with the rèquiremènts of th8 Charities Acl 20111.lhe Act). I report in respect of my examination tsf the chaslly's accounts carried out under section 145 of the Act and in Carrying out my examination I have followed all the 8ppll¢able Dlrecllons given by the Charlty Commlsston under sectlon 1451Sllbl of the Acl. Independent examlngrf$ statgmont I have ¢ompleled my examination. I confirm that no material mallers have come lo my allenliDn in connection with the examlnalion glvlng MÈ caus8 lo b<eve that in any material respect.. accounting records weie not kept in respect of the tharily as required by section 130 of IhgAct; or the accounts do nol accord with those record8.' Of the accounls do not comply with the applicable requirements concerning the form and content of actounls sel out in the Charities (Accounts and Reporlsl Regulalions 2008 other than any requlremenl that the accounts give a'true and fair wevl which is not a matter considered as part of an independent éxaminallon. I have no CLincerns and have come ac105s no other mallers in connection wilh the examlnalion lo whSch allpnllDn should be drawn in this report in order lo enable a proper underslandillg ol the accounts lo be reached. Sandra Garringlon IF.C.A., F.C.C.A.. C.T.Al Price Peafson Finch Hou88 28-30 WDlverhamplon Street Dudley Wesl Midlands DY1 10B Dated.. 19 November 2025
SEBRIGHT'S EDUCATIONAL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY2025 Unre8tricted Unrè$trlctod Rastrleted Endowment funds lund$ funds funds general Total 2025 Total 2024 Notss Incomg from: Investments 195,130 9.469 726 205,325 202,541 •ndltur* o Charitable activities 195,130 9.4S9 726 205.325 202,541 Nel Oosses} I gain on invg$lmgnls 191,1441 191,1441 441,781 Net movement In funds 191,144) 191.144) 441.781 Fund balance8 al 1 August 2024 6.928.796 6.928.796 6,487.035 Fund balances at 31 July 2025 6.837,852 e.837.652 6,928.796 The sialernent of financial aclivitles includes all g8ins and losses recognSsod In Ihg year. All incom8 and oxp&ndllure derlve from continuing acliwb'es.
SEBRIGHT'S EDUCATIONAL FOUNDATION BALANCE SHEET AS Af31 JULY2025 2025 2024 Notos Flxed assèts InveslmBnls Current assets Doblors Cash al bank and In hand 6,835,198 6,926.340 14 217 181.980 326 239.724 182.197 240,0SQ Creditors: amounts falllng due wlthln one year 15 1179.7411 1237,5941 Nel current assets 2.456 2.456 Total a8¥ets lèss current IlabilitieB 6,837,652 6,926,796 Capital funds Endowrnenl lunds lincluding Tevalu81ion reserve of £4,3,497, 2024.. £4.481.641) Income funds Unrestricted fund$- general 8.837.652 6.928.796 8.837.852 6,928,796 The atcounls wer• approved by Ihe Governors on 19 Novernber 2025 1.6J,Cl T Botlerill {Chaiimanl Govert)or an) Governor
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Accounting pollclès Charlty Infomialion Sebrighl's Educational Foundalion is a reglslered ¢hgrily and is reuulalèd by the provisSons of a Scheme ol the Commlssioners dated thè 12 February 1973 as amended by Schemes dalod 23 De¢ember 1980, 8 May 2Q02. 27 November 2002,1 July 2015 and 5 Juty 2017. 1.1 Aetountlng conventlon The accounts have been prèparèd in accordance with Ihe Foundation's governing document, Ihg Charlllgs Act 2011 and Accounllng #nd Rèporting by Charities,. Statement of Recommended Piaclice applicable to charllies preparing their accounts in aordance with the Financial Reporting Standard applicable in the UK and Rèpublic of Irèland {FRS 1021" la5 amended for a¢counllng perlods commencing from 1 January 20191. The Fouhdalion Is 8 Public Benefit Entity as defined by FRS 102. The Foundat¢on has taken advanlagB of the provlsions in the SORP for charitses applying FRS 102 Update Bullelln 1 nol lo prepare a Stalemenl of Cash Flow$. The accounts have departed from the Charitses (Aocounls and Reports) Regulations 2008 only lo the exlenl required to provide a true and falr VIÈW. This dèparture has involved following the Slalemenl of Recommended Practice lor oharilies applying FRS 102 rather than the verslon of Ihe Statement of Recommended Practice which is referred 10 in the Regulations bul which has since been withdrawn. The financi81 slalem¢nls are prepared in sleiling, which is the functional currency of Ihè Foundation. Mon6lary amounts in these financial slatemenls are rounded to the nearest £. The accounts have been PTepared under thè hlsforical cost convantion. modified lo include investments al fair valu8. Th6 principal accountsng policieg adoptèd are sel out b81ow. 1.2 GoSng concern Al the lime ol approving the fjnan¢ial gtatements, the Governors have a reasonable exp¢¢tallon th31 Ihè Foundation has adequate iesources lo continue in operational existence for the foreseèablè fulurÈ. Thus th Governors continue lo adopt thè golng concern basis of accountsng in preparing the financial slalemgnts. 1.3 Charltable funds Unreslricled lunds are availablè for usa al IhÈ d15crelion of the Govemors in fvrtheranc8 tsf thelr ¢harllabl6 objedives. Reslricted fvnds are subFecl lo Specific conditions by donors or grantors as lo how they may be used. The puiposes and usès of the restricted funds are sel out in the nolos lo Iho financlal slalemenls. EndDwmenl ltsnds are subject lo specific condllions by donors that Ihe capital rnusl be malnlalngd by the Fovndalion. Designated funds comprfse funds which have betrn sel aside al thè discr8tion of Iha Govemor5 lor specific purposes. The purp03es and uses of the designated lunds are sel out In the ntslès lo tha accounts. 1A Income Income is recognlsed when the Foundation Is legally gnlilled lo11 after any performance conditions have been met, the amounts can be mÈ8sured reliably, and il is probable that incorlle wlll be re¢elved.
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Ac¢ountlng pollcl¢$ Icontlnuedl The income from endowment funds Is restrfeled, designated and unrestricted in natur&. The roslrlcted and designated funds are detailed in notes 16 and 17 respectively. Dividends, interèst and distributions on quoted investmènts are crÉdlled lo the accounts al the lime payment is due. Inveslm&nl income from COIF is reIVed and recorded nÈl of management fees in accordance with the normal pracllce of investment managers. 1.5 Resources expended Expenditure is recognised once there is a lègal or con51ruclive obligation lo make a payment lo a third party, il Is probable that settlement wlll be required and the amount of the obligation can bè m988ured reliably. All expenditu is accounle(I lor on an accruals ba61s and Indudes Irrecoverable VAT. ExpendllurF on charitable actiwlies indudes bursarie8 and grants for further educallon that ar8 charge(I 8galnsl income in the year in which payment falls due. Other grants arg charged agalnsl Income In the year in which they are approved for payrnent. Ttte expenditure also Includes overhead Costs and 8UPPOrt C0515 which comprise costs for processing grants and applications, logelher with tho governance c051s. Govèrnance coslg comprise cosls Involvèd In the public a¢counlabilily of the Foundallon and Ils compliance with regulation and good practice. 20% of clerks fees and disbursements and 204A of a¢UntaneY fees have been allocal8d lo gov8rnanea costs together with the dired cost of the Indepondenl examination. 1.8 Tanglblè flxad aJ89ts Tangible fixed assets are Initially measured al cosl and subsequently measud 81 51 or valuation. n8t of deprecialion and any impairmenl losses. Depreciation is recognised so as lo write OYI the cost or valuation of assets less Ihoii resklual values Llver their useful lives on the following bases., Website 20Vo p.a slralghl line basls 1.7 Fixed asset Invostments Flxed asset investments are inllially me3sur&d 81 Iransacllon prfce 8xduding transaction costs, end are subsequenlly measured al fair value based on mid rnarkel Prices al each reporting dale. Change$ In fair value are recognised in nel incomellexpendiluTe) for the year. Transaction costs ar8 èxpènsed as Incurrèd. All gains and losses are lakon lo Ihe Slalemenl of Financlal Activities a5 they arise. Realised gains and losses orTr inve51menls are calculated as the dlfference beiween sales proceeds and their carrying value. Unrealised gains and losses are calculated as the difference between the fair value al the period end and their caTrying value. Reaused and unrealised investment gains and losses are MbInd In the Slalemenl ol Financial A¢llvi1S8$. 1.8 Impalrment of flxed as¥?15 Al eseh rèportlng ènd d8le, the Foundation rleWS thè carrying amount8 of ils langlble assets lo delermlne whglher IheT8 is any indication that those agsels have suffered an impaiTmenl loss. If any such indlcation exists, the recoverable amount of tho asset is eslimalgd in ordei lo determine the exlenl of the impairm8nl loss Irf any). 1.9 Ga¥h and cash equivalgnt¥ Cash and cash èquTrialenls include cash in hand, deposSts held al call with banks, othèr short-lerm liquid Investments wilh orlginal malurilies ol three months or less, and bank overdrafts. Bank overdraft5 are shown within borrowlngs in curienl Ilabllllles.
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Accounting pollcle$ IContlnu•dl 1.10 Flnanelal instruments The Foundation has elected to apply the provi5ion8 of Section 11 'Baslc Financlal InslrL6rnenls' and Sectlon 12 'Olher Flnsncial Inslrumenls Issues, of FRS 102 to all ol 118 finandal In51rumenls. Financial instruments are recognised in the Foundation's balance sheet when the Foundation becomes party lo Ihe contractual provlsions ol the insliument. Financial assets and liabllities are offset. with the nel amounts presented in Ihe financtal stalemenl$, whén there is a legally enforceable right lo sel off the recognised amoun18 and Ihpre Is an Intention lo settle on a nel basi5 Dr lo realise the asset and sellle the liability simultaneously. Baslc financièl •$sèts Basic finanoial assels, which include debtors and cash and bank balances, are initially rneasureil al transaction including Iransaclion cosls and are subsequently oarrled at amorlised cost using the effe¢llve inleresl melhod Ljnless the arrangement conslitules a financlng transaction, where the Iransa¢llon 18 measured al the presènt value ol the future receipts discounted al a markel rale of inleresl. Financ4al assets classified as re1vable wilhÉn ong year are not amortised. Impalmiént of flnanclal assets Flnanclal assets. other than IhDsè h8ld al fair value through incorlle and expendllure, are assessed for indlcalors of impaiimenl al each Teporting dale. Financlal assets are impaired where there is obleelDJe evidence Ihal, as a resull ol onè Dr more events that occurted after Ihts initial recognition of the linancaal assèl, the eslirnaled future cash flows have boen affected. If an asset is Impaired, the impairment k)ss Is the diffeTenc8 between the ¢arrying amount and the present value of the estimated cash llows discounted al thè assat's original effective intere51 iale. The impalrm¢nl loss is recogni8ed in nel Inwmellexpendilure) for the yèar. If Ihore is a decrease in the Impairment loss afising from an event occurrlng afte¥ the Impairment was iecognised, Ihe impaimienl is rev6rsed. The reversal is such that the current rryIng amount does not excged what the carrying amount would havfy been, had the impairrnenl not pravlously bÈèn recognised. The irnp3irment reversal is recognised in nel incomel(expendilurel for the year. Dorecognition of Ilnanrial assets Financlal assets are derecognised only when the conlraclual rights lo the cash flows from Ihè 88s8t 8xpire or are settled, or when the Foundation transfers the Ilnaneial asset and subslanlially all the risks 8nd rewards of ownership lo anolhpr Bnlily, or if some significant risks and rèwards of ownership are relaine¢J bul control tsf the asset ha5 liansferred lo another parly that is able lo $811 the assèt in ils enllrely lo an unrelated Ihiid party. Ba51c financlal Ilabllltles Basic financial liabilities, including cTedilors are initially recognised al Iran$8clion price unless the arrangemènt constitutes a financing Ifan8action, where the debl instrument is measured 81 the presonl valuo of the future p8ymenls dlwjunled al a market rale of inlèrtrst. Financial liabilities classified as payable within ona year are not amortised. Debt instruments are subsequently ¢ard8d al amortised cost. using the effective interBsI rale method. Trade creditors are obligations to pay for good8 or services that have been acquired in the ordinary coursè of operations from suppliers. Amounts payable are da58iffied as current Ilabililies if payment is due wilhln one year or less. 11 not, Ihgy aré presented as non-current liabilities. Trade ¢redilor$ are recognised initially al Iransa¢tlon pri¢8 and subsequently Fneasured al amortised cost using the effe¢tlve inlère81 m8thod. Derecognition olflnan¢lal Ilabllltles Financial liabilities are derecognised when the Foundafjon's ¢onlraclual obligations expire OT are discharged or cancelled.
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Accountlng pollclgs Icontlnuedl 1.11 Employee benefits The cost ol any unused holiday enlitlemenl is recognised in the period In whlch the employee's services are received. Termination benefrts are recognised immedialety as an expense when the Foundallon Is domonslrably commilled lo leiminale th8 Èmploym8nl of an employee or lo provide lerrninalion bBnefils. 1.12 Studont grant$ repayablè Grants which will subsequently be repald arè treated as expenditure in the year in which they are advanced and repayments are Irealed as income In the year in which thay are received. Investments Unrestrlct•d UnrostrSotsd Restrlcted fund$ funds funds g•naral Total 2025 Totsl 2024 Rental incom Incomè from listed inveslmenls Inlerpsl receivable 1,989 185,148 7,993 1,989 195,343 7,993 1.989 191.166 9,386 9,469 726 195,130 9,469 726 20S,325 202,541 For the period ended 31 July 2024 192.563 9,268 710 202,541 10-
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Support ¢o$ts 2025 2024 Staff costs Property expenses InsLSran Legal fee8 Accountancy Sundry expenses Postage & slalionery Websitè & laplop costs Marketing 11.239 9,787 1,019 750 4.512 337 801 2,754 1,500 10,637 4,548 2,309 4.488 411 453 32,699 22.932 Grant funding of activities (see note 41 Govemance costs (see Ile 6) 167,488 5,138 174.828 4.981 205,325 202,541 Analysis by fund Unreslricled funds- general Unre511icled funds- designated Restricled funds 195,130 9,46S 726 205,325 For tho year ended 31 July 2024 Unreslricled funds- general Unre511icted funds- designated Reslricled funds 192,563 9,268 710 202,541 11
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 JUL Y 2025 Grants payable Unre3trl¢ted Dgslgnated Re$trl¢t•d fund¥ funds funds 2025 2024 Grants to Institutlons 124 grants): School capil81 and block grants Olhei capllal grants Prizes Church Fees 85,532 21,869 250 85.532 21.869 250 125,922 13.7501 250 10 107.651 107.651 125,432 Grants to indlvlduals180 grants): Fulther educalion grants 49.642 9,469 728 59,837 49,196 157293 9,469 726 1e7.488 174,628 Grants payablo 8naly$ls Grants of £1,000 or more mad¢ to Institutions General Fund School grants Wolverley Sebrighl Prlmary Academy13 grants) Cookley Sebrighl Piimary School {3 grants) Wolverfey CE Secondary School (2 granlsl Blrchen Coppice Academy {fj gr8nll Sl Catherines CE Primary S¢hool11 grant) Sl George's CE PriTnary School {1 gianll Slourport Primary Academy11 grant) Sullon Park Primary RSAAcadèmy11 granti Sl James, CE Primary School11 grant) Burlish Park Prirnary School {1 gran1} Foley Park Primary Academy11 yrdntl Offmorè Primary School119ranll Sl. AmbfOSe Catholic Primary {1 grant) 27,406 27.406 18,156 6,000 3.000 1,8 2,OL 1,5 1,500 2.000 1,000 2,000 1,250 othergrants Wyre Forèst Scouts {1 gTanll Cookley Village Hall11 granll Wolverley Animal Cenlrts11 grant) 10,000 10,000 4,000 12
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Grants payable analys1¥ Icontlnuèdl Grants of £1,000 or mort made to Indlviduals Numbèr of pgrsons General Fund Further gducation grants 15 46.8CIO Chapel Fund Further education grants Student grants repayable 2025 2024 Arnounls oulslandSng brought fOard Advances during the year 27,690 3,500 32.545 1,900 31.190 {6,145) 110) 34,445 {6,7551 Amounts recOVed duiiny the y8ar Amounts written off 25,035 27.690 The charge for furthèr education gian15 Included in the revenue account is made up a8 follow$: 2025 2024 Grants awarded Lèss.. Grants received 56,513 (6,1451 55,951 16,7551 50,368 49.196 Governan¢o costs Govèrnancè costs 2025 2024 Bas18 of alloeatlon Independent examination fee Clèrk's fees & disbursamènts Accounlancy 1,200 2.810 1.128 1,200 2,810 1,128 1,200 Govemance 100°h 2,6S9 Governance 20V 1,122 Governanca 20% 5.138 5,138 4,981 13-
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Govèrnors Non8 of the Govemors lor any persons connected wilh them) received any remuneration or expen$8s during the yèar. Employees The average monthty number of employees during the year w8S'. 2025 Numb8r 2024 Number Mana9emenl and admlnislralion Employmènt costs 2025 2024 Wages and salaries 11,239 10.637 Thère were no employees whose annual remuneration was more than £60.000. Net gainslllossesl on Inve8tmonts 2025 2024 Revaluation of investments 191,1441 441,761 10 Tanglbl• fixed assets Wpbslts C06t Al l Augusl 2024 23,777 Al 31 July 2025 23.777 Depreclatlon and Impalrment Al 1 August 2024 23,777 Al 31 July 2025 23,777 Carrylng amouht At 31 July 2Q)25 Al 31 July 2024 14-
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2025 11 Flxgd asset Inv*$tments Land andCOIF Property Buildlngs Fund Shares COIF Income Shares Totsl Cost or valuatlon Market Value at 1 August 2024 Valuation changes 196.ooo 398.599 9.841 6,331,741 1100.985} 6,926,340 191,144) Al 31 July 2025 196,000 408,440 6,230.756 6,835.196 Carrying amount At 31 July 2025 196,000 408,440 8,230,756 6.835.196 Al 31 July 2024 196,LX]O 398.599 6,331,741 6.926,340 Hlstofical wst.. Al 31 July 2025 486.923 1.791.776 2,258,699 At 31 Juty 2024 466,923 1,791,778 2,258,699 Freehold land Is situated in Ihg Parish of Wolvefley and Is Induded at falr value. This is includèd 81 Ihe Governors assessmenl of value al the year end. Cooklèy Sebrighl Frimary School IP8rt of) and Wolverfey Sebrighl Primary Academy are properties of Ihp Foundation bul have not been included in the valuation of freehold properties since value would allach lu Ihern only in exceptional circumstance8 il Ihey ceased lo be usod for educallonal purposes. A 85ble has been loaned indefinitely to WolvÈrléy Church. The hi81ori¢al cost of Ihese assets cannot be easity idenllfied. For further informalirjn on the quoted investments see Note 21. 12 Loans and overdrafts 2025 2024 Bank overdrafts 6,701 Payablo within one ye8r 8.701 15
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 13 Financlal In5trum¥nt$ 2025 2024 Carrylng amount of financial assets Equity inslrutnenls measured al fair vae 6,835,196 6,926.340 Carylng amount of flnanclal Ilabllitltrg Measured al amortlsed c051 179,741 237,594 14 Debtors 2025 2024 Amounts falllng due withln one year: Prepayments and accrued income 217 326 15 Crèdltors: amounts falllng duo wlthln one year 2025 2024 Bank ovèrdrafts Cranls payable Ac¢ru8ls and deferred Income 8.701 223,897 6,996 165,917 13,824 179.741 237.594 16 Restricted funds Balan¢9 at 1 August 2024 Rovaluatlon of BalanG¥ at 31 July fixÈd assot 2025 inveBtmpnt J Edmonds Bequesl Fund H Oakes Music Prize Fund Old Wolvernian Asso¢lalion Prlze Fund 23.985 336 330 {309) 14) 151 23,656 332 325 24,631 13181 24,313 The in¢ome only from the above funds is reslricled and is shown on page 5. The investsllents form part of the Permanent Endowment Funds ol thè Foundation. The J Edrnonds Bequest Fund is available lo provide financlal assistance to boys and girls born In the Ancient Parish undertakSng unlversity courses of a scientific nature linked lo 8grl¢ullure. Any incomo from this fund not expanded in the year is availabla for distribution in the unrestricted funds. Bolh Ihe H Oakes Music Prlzè Fund and tho Old Wolvernlan Assodation Pfize Fund woduce Income for prizes for pupils al Healhfield School. 16-
SEBRIGHT'S EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 17 D•slgnated fund¥ The incomv funds of the Foundallon includts the following designated fund8 which have been sel aside out of unreslricled funds by the Iwslees for specifi¢ purptssès.. The Chapel Fund was sol up in ac¢ordance wllh paragraph 17 ofthe Scheme sealed 12 Fèbruary 1973. The dèlègation of the adminlstration of The Chap&l Fund (paragraph 17(21 of thè Scheme) has been extended by a resolution of the G¢)vernors. The income from the above funds is designated and Is shown on pag& 5. The investments form part of the Permanent Endowmant Funds of the Foundalion. 18 Analysis of nèt assets be£we2n funds Unrestricted De¥iynatèd Funds Fund¥ Restricted Endowment Funds Funds Total Fund balances al 31 July 2025 are represented by.. Fixed assets Inveslrnenls Current assets Creditors.. Amounts falllng due within on yèar 6.835,196 2.456 6,835,196 182,197 179,741 1179,7411 1179,7411 6,837,652 6,837,652 19 Relatgd party tran8actiDns Transactions wlth related partlgs During the year the Foundation entered into Ihe foOWIng transactions with related partl85'. P J Srnilh was a govemor of Wolverley Sebrighl Prlm8ry Academy. which was In r¢¢elpl of 3 grants lolalling £27,406. P J Smith retired on 19 September 2024. Mrs B J Drew. Clerk lo the Foundation, dedared an intere51 in a grant of £550 to her son Mr M Drew. Mr C D Nlcholls had an inlèrèsl in the grant of £695 to Cookley under 9's for)Iball team. Mr D J Blnnian was appDinlod as a Trustee ofWolverl8y Sebrighl Academy School after the year end. 20 Cot)trol The loundalion Is controlled by Ihe gov8rnors. 17-
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