2021-08-31-accounts - King Edward Vi College, Stourbridge Charity

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		Page
Trustees' report
Statement oftrustees'	responsibilities
Independent auditor's	report	5-7
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	10 - 21

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds
			2021	2021	2021	2021	2020
		Notes	E	6		8	6
Income from:
Income from charitable	activities	3	193,347			193,347	217,519
Investments		4	19,014	12,311		31,325	33,521
Total income			212,361	12,311		224,672	251,040
E~*di1
Raising funds					4,271	4,271	3,914
Charitable activities		6	117,381			117,381	179,104
Total resources expended			117,381		4,271	121,652	183,018
Net gains/(losses) on investments		11	4,076		248,853	252,929	(158,125)
Net incoming/(outgoing)	resources		99,056	12,311	244,582	355,949	(90,103)
Other recognised gains and losses
Revaluation oftangible	fixed assets				(21,209,059)	(21,209,059)
Net movement in funds			99,056	12,311	(20,964,477)	(20,853,110)	(90,103)
Fund balances at 1 September 2020			642,963	51,320	24,605,922	25,300,205	25,390,308
Fund balances at 31August 2021			742,019	63,631	3,641,445	4,447,095	25,300,205

					2021		2020
				Notes	6	6	6
Fixed assets
Tangible assets				13		80,000	21,480,000
Investment	properties			14		2,325,001	2,065,000
Investments				15		1,244,285	1,064,679
						3,649,286	24,609,679
Current assets
Debtors				17	46,975		62,684
Investments				18	1		1
Cash at bank and in		hand			795,922		688,282
					842,898		750,967
Creditors: one year	amounts	falling	due within	19	(45,089)		(60,441)
Net current	assets					797,809	690,526
Total assets less current			liabilities			4,447,095	25,300,205
Capital funds
Endowment	funds -	eneral
General endowment		funds			3,641,445		20,517,402
Revaluation	reserve						4,088,520
					3,641,445		24,605,922
Permanent	endowment				3,103,916		24,149,283
Expendable	endowment				537,529		456,639
				20		3,641,445	24,605,922
Income funds
Restricted	funds			21		63,631	51,320
Unrestricted	funds					742,019	642,963
						4,447,095	25,300,205

		Unrestricted	Restricted	Total	Total
		funds	funds
		2021	2021	2021	2020
		6	6	6	6
Income from listed investments		4	11,111	11,115	11,649
Income from unlisted	investments	18,925		18,925	18,662
Interest receivable		85	1,200	1,285	3,210
		19,014	12,311	31,325	33,521
Forthe year ended	31August 2020	20,703	12,818		33,521

		2021	2020
		6	6
Investment	management	4,271	3,914
		4,271	3,914

				Property	Prize Fund	Total	Total
				Rental	Activities	2021	2020
				2021	2021
				6	6
Insurance Repairs Repairs to Flats 1-3		Coventry Street		4,112 14,885		4,112 14,885	3,867 3,991 2,182
Archiving software and consumables				798		798	798
Surveyor and property consultants Rent and lease fees			fees	5,496 7,600		5,496 7,600	9,037 3,519
Electricity Professional Prizes Awards Letting agent	fees fees			1,741 5,031 5,974	9,310	1,741 5,031 9,310 5,974	2,223 11,972 9,091 2,256 2,137
				45,637	9,310	54,947	51,073
Grant funding ofactivities (see note 7) Share ofgovernance costs (see note 8)				62,434		62,434	100,250 27,781
				108,071	9,310	117,381	179,104

Support costs
	Support	Governance	2021	2020
	costs	costs
	8	6
Audit fees Accountancy Legal and professional Recharges		3,800 4,000 54,634	3,800 4,000 54,634	3,800 4,660 14,146 5,175
		62,434	62,434	27,781
Analysed between
Charitable activities		62,434	62,434	27,781

			Unrestricted	Endowment	Total	Total
			funds	funds
				general
				2021	2021	2020
				8	8	8
Revaluation Revaluation	ofinvestments ofinvestment	properties	4,076	179,793 69,060	183,869 69,060	6,875 (165,000)
			4,076	248,853	252,929	(158,125)
For the year	ended 31August
2020			502	(158,627)		(158,125)

	2021	2020
		6
In respect of:
Property	21,209,059

Tangible fixed assets	Tangible fixed assets
			Land and	Oil Palntlna	Total
			buadinaa
			6	5
Cost
At 1 September 2020			21,400,000	80,000	21,480,000
Transfer to investment		property	(190,941)	-	(190,941)
At 31August	2021		21,209,059	80,000	21,289,059
Depreciation	and impairment
Impairment losses			21,209,059		21,209,059
At 31August	2021		21,209,059		21,209,059
Carrying amount
At 31August	2021			80,000	80,000
At 31August	2020		21,400,000	80,000	21,480,000

Investment	property
				2021
				6
Fair value
At 1 September 2020				2,065,000
Transfers from owner-occupied			property	190,941
Net gains or	losses through	fair	value adjustments	69,060
At 31August	2021			2325001

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16	Financial	instruments	instruments	instruments				2021	2020
								6	6
	Carrying	amount	of	financial		assets
	Debt instruments		measured		at	amortised cost		46,975	62,684
	instruments	measured		at fair value through			profit or loss	1,244,286	1,064,680
	Carrying amount		of	financial		liabilities
	Measured	at amortised cost						45,089	60,441
17	Debtors
								2021	2020
	Amounts	falling	due within		one year:			6	6
	Rent &insurance		recharges					24,975	37,684
	Other debtors							22,000	25,000
								46,975	62,684
18	Current asset investments
								2021	2020
								6	6
	Unlisted investments
19	Creditors:	amounts		falling	due within one		year
								2021	2020
								6
	Other creditors							45,089	60,441

unrestricted		incom	e.	Any	capital	gai	ns or losse	s a	rising on the	rising on the	ass	ets for	ets for	m	part o	fthe fund.
									Movement		in	funds
				Balance at		1	Transfers	Revaluation			Investment				Investments Balance at 31
				September					offreehold		management				gains/losses		August 2021
					2020				land	and			fees
									buildings
							6			8					8	6	8
Permanent		endowments
Land and	buildings			21,480,000			(190,941)		21,209,059								80,000
Investments					129,493											23,003	152,496
Deposit acccount					12,468												12,468
Scott Educational
Foundation					46,714											6,906	53,620
Dr Roy Bequest					415,607								(4,271)			68,995	480,331
Investment		property		2,065,000			190,941									69,060	2,325,001
Expendable		endowments
Investments					456,640											80,889	537,529
				24,605,922				(21,209,059)					(4,271)			248,853	3,641,445
Restricted		funds
The income		funds	ofthe		Charity	include restricted			funds	comprising			the	following		unexpended	balances of
donations	and grants			held	on trust for specific			purposes:
									Movement							Movement
										in funds						In funds
							Balance at			Incoming			Balance at			Incoming	Balance at
							1 September 2019			resources			1September 2020			resoomes	31August 2021
									6						6		8
Platt Library		Fund							926			7			933	7	940
Scott Educational			Foundation					4,744		1,170					5,914	1,193	7,107
Dr Roy								32,833		11,641				44,473		11,111	55,584
								38,503		12,818				51,320		12,311	63,631

Analysis o	fnet ass	ets between	funds
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds
			2021	2021	2021	2021	2020
			6	6		8	8
Fund balances at 31		August
2021 are represented		by:
Tangible assets					80,000	80,000	21,480,000
Investment	properties				2,325,001	2,325,001	2,065,000
Investments			27,091	940	1,216,254	1,244,285	1,064,679
Current assets/(liabilities)			714,928	62,691	20,190	797,809	690,526
			742,019	63,631	3,641,445	4,447,095	25,300,205