h•Yty r•gistr•lion numb•r $27597
THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Thistws
Mr D J Bumws
MrJKHodi
Mr R P ML¥rfson
Mr8RPrico
Mr J B Wilding
Mr R Cdlgan
Ms V J Srnith
Mr8 V J Smith
{Appointed 09 N0Verrt￿r 20221
to the Foundatlon TNst••8
Mr D J V Morgan
Charity number
527597
Prfnclpal addr•5S
LC￿￿r High Stmt
Stourbridg
West Miélands
DY8 1TD
CK Audil
No 4 C85Ie Court 2
Ca8Uegale Way
Dudley
West midla￿15
DY14RH
Bank•rs
HSBC 8ank Pk- Stourbrfdg
114 High Street
Stwrbridge
West Midland5
DY8 1DZ
Solleltor4
Hlggs LLP
3 Waterfront Bu*nass Park
Brferfey Hi
West Midlands
DY5 1LX

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
CONTENTS
Page
T￿t008. fOPOrt
Statement of Irusts¥$' re$ponsibliOes
Independent auditorfs report
Sl8ternent of fmanrAal actMile5
Balan¢e sheet
Not8S to the fln8￿81 statements
9-20

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The TtU8tees prgsgnt thelr annual report and fin8M818tatements forthe year ended 31 August 2024.
The finendal statements have be•n prepared in Acts)rd8nce ￿th thè accountlng pjlicias set out In noto 1 to the
flMncY&l stalernents and comply the Charity'8 govetning docurnent, the Ch8rities Ael 2011 and 'Accountlng
ar¥J Reportsng by Charilies.. Statement of Recornrnend6d Pract￿ applicable to ch8rilie5 preparing their accoun13
in occord8n¢g with the Flnandal R8porting Standard appli¢4Ne in the UK and Repubfic of Ireland IFRS 1021.
leffective 1 Januory 20191.
ObJfrthe8 and actlvltlo$
The prwKlpo1 obleds of the Charity are to $upport Ihe Cc41ege which i# a further aThJ higher aducats.on in$bluUon
specialisSng in the provlslon of sixth fom educabon l9 young pe¢)F48 from Slourbridge 8nd surrounding areas.
The cwrse$ ar8 prowdad on a non fee paylng bas
In particutar the Trustees..
- Pro￿￿* ond Sup￿ernOnt th• Coll8￿ cariwus and Th8 Green Flelds to bè u60d for thg purposes of the Collggo
and Govemors
- rnainialn and 8nhanc$ the ffinarKhg1 resources of th8 Charlty for the b9nèfft of the College
- recelvtr reques1$ from the Goveming Body for fiTrancaal assistsn¢g for the Support and devèbpment ￿ 88￿cts
of the College which are not funded by the appropriatg educational funding body
- rèmain responslble for the securfty and m8nagem8nt of the Foundatign's hlstorical ar¢hfvè
rern8ln responslb18 for the Pth and SeholBr5hlp Funds
The Trustees have paid duo rE9ard to guidartee16s￿d by th8 Charty Comlssbn In dgddlng lthat actfvits8s lh•
Charity should und8rtako.
Achl8vom•nts and pBrfornianc•
The Foundation TTu$lees have conlinued to serve the Charity's obl8Ct￿8S by preserving, enhanelrwj and
prot8cbThJ its funds so that they SUPPOrt Govomors In Iheir control of the management of the Colleg6.
The T￿￿1?￿￿ continugd their 5UPPOrt ol th8 College'5 enrichment offer and thg of StsKlgnt Awards for
cmunity èrwaegemenL
Flnandal r￿1•￿
Tf* movemgnt of lunds for the year was £204.88412023 - neg8tive movemenl of tunds of £92,007) as detalled
in IhE Ststem8nt ol Financ481 Activities on page 8 of tho ac¢ounts. The po$itNe rnovement of funds In 2024
included a r8valuatth of investments of £121.10412023- negakn've [￿v￿ment of £123,OS21.'
Th• Tr￿te&S maintaln sufficient ￿seNtS. being th8 ba￿D¢e on unrestrlcted fiJnd5. to promde Suffioent lunds to
enable thg Charity to ¢ontinu8 to carry oul its charitable objects. The Trustees review the Charit1¥ needs for
reserves on a regular basls in Ilng VAlh tt)6 guldan¢¢ issuod by th8 Charity Commission.
the ￿l1¢Y of the Charity Ihat unre5trkted funds which have not teen designated lor 8 5pe(ific use should be
maintained 8t a level equivaleni to between thr8• and slx monlh'5 expendtture. The Trustees cOn￿der that
reserves at thi$ level will ensur8 Ihat, in the &vent of a $19nffi￿nt drop in funding, they will be atde io conlinue the
Chartys current acti¥iUe$ whib cOn￿deratIon 58 given to ways In which addition81 funds may be raised. Thls level
of reseNes has b8en main18ined throughout the y8af.
Rhk$
The Trnstegs we awwe ofthg nèad to assess th& risks to vthlch Ih8 Charty ￿ expJ5ed and b) $8tlsfy thernselves
that systems ar• In place io expose the major rLBks. A necfjwry rl8k asse6smenl has been c*rf8d out ¢j￿ri￿J
tho yeai.

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
strudur•. gov•rnan¢• and mana9emont
The hISt￿Y of the Foundation has its w¥JinB In IAay 1430 %then fyvo k)cal banèf8Ctor8. Rlchar<l arKI Joan Hayloy.
donated Lgnd and the chapel on the ￿te to Iwenty-hvo trustee$ to provid& a so called chapel of •asa' tDr thg
parf8h church of Oldswlnford antl a grammar school for the ieachlng of grammar Ila Launl to ol p￿r mgn of
the parlth.
The dlssolutlon of Ihe monaster￿9 li IhE 5iXt8gnth cenlury to th8 next phase in the life of the $ch￿)J. On th8
17th June 1552 lang Edward Vl grantsd a charter to th& school to e8tablL%h a ￿Y8. gr8mmgr sthod. The
ImportarKe of the charter w88 that it ume with cèrtain 6nd0￿￿ents of lands bèing former Monas￿ propwty
atthough most of thi5 endowTn8nt was exp6nded on developi￿ the sc￿)01 In thè Nlneteenth and Twentleth
Cgnturle6. In 1989, In respDn80 to Ih& Govomors, raqu88t. the Charlty Cc*nmlsslonèrs made a now Sch8m
under whlch the Found8tK)n Trustees of ihe Charrty b8carne a body SOP¥Tato frorn th8 College Governots wrth
th8 sde aim of 5upporbng the ancient foundatton of the Free Grammar S¢hooJ whkh had by th8n b8come KirrfJ
E￿ard Vl Colkge.
Follomrfng amen￿￿￿ts to th8 sthemg In 2022, there are now seven Trustees comprlslng..
One ex-officio Trustee. belng Ihe Chair ofthe Local Govemlng Body oltha Collegg
One nominated Trustee, baing a per8on nonlnaled bythe Local Govemiry Body olth• Coll8gg
Up to fvg Co-optsd Truste88
The Trustses who sorv8d during thg year and up to tho dato of sign3¢ure of the ffinaneAal staternonts were:
Mr D J Burrows
MrJKHodt
Mr R P Mortson
Mr B R Prlce
Mr J B Wlldkng
MS V J Srnilh
Mr R Colligan
The trLtstee5' report wa$ appr￿d by lh8 Board ofTrust88É.
D?
Mr O J Buwrow
Chair of Trustee6
Dated.. 12 March 2025

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
The Twstse8 are re5PCI15ibk f￿ preparing the Trustses. Report and the acccwnts in aecc￿￿on¢Q with 8PF4icablg law
and Unlted King¢Jorn Ac(￿Unti￿ Standaré$ IUnlt8d Kvigdorn Gon•rallyAccepted Accounkn'rvJ Pradicel.
The applica148 to charitiv$ In England and W818s requires the Trustees to yep8re a¢￿unts for each flnancial
year which givg a true and fhlr vlew ol the state of affair5 of Charfty aThl of lh8 incc¥nlw resources and
applkab.on of r880urces of the Cha￿ty for Ihatygar.
In preparlng the89 a¢0)￿t5. the Twustees are req￿r￿j lo..
- soloci sUlts￿e awwting pol￿19S and then aptAy them CL￿giSt0n￿￿.
- ob5erye the methods and prindples In the Charltles SORP 2015 IFRS 1021;
- mkeludgements and 93timat•s that ar8 reasonaNe wd8nt:
- stsla wha￿r applkabig xcountiNJ g￿ndardS have b8en folkn¥￿, Subj•￿ to ary material dopartures ds¢losed
and explained In the accounts.. and
- prtpare the accwnls on thg gofjng ￿n¢8M bas16 unless lils knapwopriate to pre8um8 that Ihe cttarity VAII o)ntinue
in operation.
The Trustees are resw)n8tb18 for keeplng sufflcbnl a¢ttJuning r8corQs that dlsdosg with r8asonablg a[￿raCY at
any tirn8 thg ffinan¢lal po8rfk)n of Ihe Charity and enable thern to ensure that the accounts comply wbth the char￿*9
Act 2011, the Charity IAc¢ounis and Reports) Regulations 2008 and lh8 provisSDns of the tr￿st d88d. They are also
r8sponsibl8 for satsJuardiDg the assets of the Charity and hènce for taking r8asonable $tsp¥ for tho preventson and
dgtsction oltraud and other irreguLqni￿S.

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
Oplnlon
W6 have audbd the fin8neial stBtem8nt6 oIThe King Edward Vl Cole￿, SbJrbrid9e Chaiity Ithe'chadty'l lor tho
year ended 31 August 2024 comprLse th• staternent of fffianc￿l activits8s. the balance sheet and the fiotes to
the financial stat8ment$, Indudlng a summary of 95gn￿CanI actounting pjlldès. The financk?I reportiry fram•work
thAt has been appllod In thelr pr8P8ratK*n is app1kab￿ law and Unrt8d Kingdorn A¢￿UntIng Standard$, Induding
FlnancL41 Rèporting S¢8ndard 102 Th8 Finanoal RepOrt￿g Standard aWic01￿ In th& UK &nd R9pubh"o ￿ Irel&nd
Iuntted KiNJdom GgnerallyA¢cEpt8dAwountlng Prac￿￿).
In ouroplnlon, Iho fin8nd81 slatom8nts:
glva 8 tnJ8 and falr wew of th8 State of the charity5 affalrs as at 31 August 2024 and of 6ts InconNw re8wrcès
and app11c8uc￿ of resources, for tho year thon eThled.,
have been prowrly prepared In acxorrfArKt wlth Unked Klngdom GfyTr8ralty A¢(%pted A¢￿￿n￿n0 Praclic8,'
and
have baan pr9pargd In accorilart• th lh8 requlrements ofthe Charitie$Act 2011.
BB•k8 for opl**n
We condusted our audit in a(tordarKe with lntgmab.onal Standards on A￿dI￿￿j (UK} {ISAs IUKII and app1Ka￿e
law. Our r8sponsitx11ti￿ under those standarfs are fvrther described in the A¢￿￿0￿3 respons1￿1￿•5 lor thg 8udft of
the IInanc￿l slatements section ol our reFQrt. We a￿ independent of Ihe Charity in accordance with lh8 8thiool
r8quirement$ that t*e relevant to our Budit of thg finandal State￿￿nts In the UK. including the FRC s Ethical
standard. and we hav8 fu￿lled our other ethrcal respo￿bIlrtfjes in accordance wlth th•50 requlrerrtnts. We bg1i•ve
thèt the audit evideno we have obtained Is suffici8nt and appropriatg 19 providg a basls fgr our opiThon.
Con¢luBlons relatlng to golng concern
In auditing the fmanL?al statemgnts. we have that Iha tru¥lee8' use of the going cc4)e•m ba$1$ of
aettjunting in the preparation of the financial 5tat8ments L8 appropriate.
Basèd on the ￿Ik we have ￿rfOr￿d, we hav• not id8ntMed any ma18ri￿ ￿n￿rtaintI￿8 r8Lgllng io o￿nts or
condilitins that, indmdualty or collethely, tnay cast 8vJnificant L*)ubt on th8 Charitys abillly to continue as 8 going
rA)n¢om for a pgric4 of atloast iw81ve months from when the fir$8ndal statements a￿ ?uth0ri5ed for Issue.
Our re5ponsibilifi8s PJKI th• respMslbllltlg$ of th9 Trustegs th rospect to gtslng ￿nCeM described In the
rglevant s6ctkJns of thls rep)
Other InfOrn￿lson
The other infoim8kn compris85 the Informatbn Included in the anTrual rgport othw than Ihe finÈnrial statemerrts
and tyjr auditofs report ther•on. The Trust888 are responslble for the other inf0rrnat￿n ￿ntaIned within tho annual
report. Our ¢)PinrC￿ on th8 finandal stat8m8nts does not cover the olher inforrnation and we do not express any forrn
of assuranc8 conclu¥ion Iherwn. Our respoTrslbllKy k to r88d the oth0r information and. in dolng 80, eA)n$klor
ho¢her the other irth)rmatlon 15 rnaterially incon81$1ent with the fin8ncial slat•m8nts or our kTh)wledge oblahed In
the courne ol Ihe audit, or otheThM$e appears to be mateiialty rnisstated. If wè Idgntrfy such matèrlal inconsislencies
or appar$nt rnalerial m18Statgm&nts. w¥ arg required to detsrtnino whether thls glves rise to 8 matedal mk85tatemont
In the financial statements themselves. If, ba88d on the work w8 have perloTm8d, wg wndude that Ih8re is a
material mis8tatem•nt ofthis 0th8r InfomHtion. ￿ arg requlred to r•p)rt that fact
W8 have Th)th￿9 to report In thi8 rty8rd.
Mattorn on whlth w• ￿ requlred to r•port by exception
V¥• have nothlng to r•port in respect ol thè following Matte￿ In relation to which the Charftles IAecounts and
Reports) Regulalions 2008 require us to ftport to you rf. in our opinion..
thè infom)ation given in the statements L8 Ineonsistenl in any material respoc¢ vrith th8 trustees,
repor¢ or
sufficlent 8ccountino ￿C0￿ have not been kept,. or
the fina￿4a1 Statemènts arg not In Agreement with the accounting reojrds; or
wo hav• not rec8iV8d 811 th6 Snlormatsn and eX￿on81ftsn$ require forour audit.

THE KING EDWARD VI COLLEGE. STOUR8RIDGE CHARITY
INDEPENDENT AUDrroR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARrrY
R￿pon$1b1mtl•s of Trysto•s
As explained rnore fully In th8 statement of twsteeB' responsibilit￿8. the Tru5teas are rosponsIb￿ for the
prepar81ion of the finandal staternants and for belng satisfied Ilot they give a tru8 and f8ir ¥iew, ané for such
nternal conlrol a$ the Trvste&s determlne Is necessary to enab￿ the prepaT8tton of financial st8temont$ that are
free from rnatsrial mlsstatern¢nt, wh8thar due to fraud or 8Fror. In prgp8riThJ the flMnci81 slat8ments. tho Twstee8
a￿ r98ponsible for 8sse6sing th8 Charlty's abillty to ￿ntinu6 as 0 ￿ncern, di￿10$1ng, as aFplirANo. maltsrs
related to going concem and using Ihe going ¢orKem basis ol acxountrg Ufl885 th8 Trustses g1tt* intond lo cease
operation8. or hav8 no reallstlc altèmauw but to do 89.
Audltofl rnsponslb1Htl￿ for the audlt af the finan¢i•l ¥talem•nts
Wo have been appointed a$ audltor under 5edon 145 of th8 Charilles Act 2011 and report In xrA7rdaneé tho
Act and rd8vant r8gulatbns mado or hawng &ffè¢l thereund8r.
Our rt1jK￿Ves arè to obtaln reasonablè assurance ab)ut wh•thor the fin8nckql statements as a who18 ara fre8 from
malerial misststement. whether due to fraud or error, and to issue an audito¢s r8POrt thal indude5 our opinion.
R6a60n8ble assurance Is a hlgh level ol assuraTh￿ but is [￿1 a guarantee that an audlt conduc18d In aceordance
wllh ISAS IUKI ￿11 always detect 8 material misstat8m8nt when tt 8￿￿15. Misstatements arise from fraud or
effor and are consld*retJ rnaterial if, IndI￿duallY or In th8 gggreg&ts. thgy oould rè8sonoNy be expectsd to Influen¢
the ￿rnIc de￿slon5 of Use￿ taken on the basls of Ihes8 finandal statsments.
The extent to whlch Lmjr procedur85 8re capable of dEtectlng Irrogu￿rfdej. IndudlThJ fraud, 1$ detallgd below.
Exlant to whl¢h th• auditwas con$ld•r•d Capable of d¢t•¢llng Irregularitivs, includlng fraud
We ￿entIfIed and as5e550d the risks of materfal ml$$tal8m8nt of tho finan¢ial stat8rn•nts. In respect of mgularit￿$
whether due to Iraud or error. or non compliance with laws and reguLilions and then designed and p8rfofmed audit
prc*edur88 respon81ve to thw ri6k8. inc￿ding obtaln4)g audrt oviden¢e that 1$ suffirAent and appropriaie tD piovide
a basls for our opinion.
In ideThtW￿ng and asse$¥ing risk5 of maierial mi5Statement In resped of irregul8rrties, Ind￿11￿9 fraud and non-
¢omrAiance ￿thlaw8 8nd regulBtions, our pr9¢8dures indudgd the followng."
We obtained an understanding ol the leg81 and regulatory fTarn8works that are Bpplie&ble to the Charity by
di5CU5s1on end enquiry Mth the Tw$te85 aTrJ the Cleth ond our general knOW￿ge 8nd experietKe of Ihe Charity.
Wo fDCUS8d on spgdfic laws and r8gulaknDn5 whl¢h we congbjered May hJv8 a dlr•ct m8t8ri81 eff8Ct on th• flnandal
Slater￿nts or thè operations ol the company, Indudlng lh8 Charitss Act 2011, data proiection, ompbymenL and
heatth and safety *i%latlon:
Wg asse￿￿￿ the 8Xtent of compllance wlth Ihe laws and re9￿8th0n5 identified abo¥e through making gnquiries.
r8Vi8wing correspond8nc8 wlh ¥elevanl regulaiors.
Audlt re•pon¥? to rijka Iden￿li•d
We 88ses$ed the Susceptibilty of tha Charity's fNancial stalemenis Io rn8terial misststement, indudlng fraud
mlght OCCUT. Audrt pfftedvres perfomed Induded but wew not Ilmlted to..
Di￿U8810n8 with tsuste8$ as to where Ihoy consid8red Ihere was susceptibility to fraud. thwr knowledge of
a¢tua, 8usperted and al￿ged fraud,.
Perfonnlng a￿al￿'¢al pro¢&dure5 to identify any ur￿￿￿1 or unexp8Ctd rgla0oThshlp8'.
ch￿leDg1Thg a55umptlons snd ludg8mants made by ￿ Trust•es In accounting for investm8nt propèrty.,
R&v*wng unusual or unexpecteil trons8thons'. and
A9r8elng th8 flnanclal statement di￿10$UreS to underfying 5UPPOrtkng doC￿n*nIA￿0n.

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
INDEPENDENT AUDITOR'S REPORT (CONTINUED}
TO THE TRUSTEES OF THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
Sn9 to the intsrent Ilmilations of an 8udbt, there 18 an ur)avoklable risk Ih8t we may not have detected 8ome
material mtsstatsments in the financial statsmonts, even though we have property planned and porfo￿ed our audit
in 8c¢iYdaneL wilh auditing stsndards. The moro removed that laws and ￿9VI21￿)n8 are from financial transactM)n$
the less likely it is that we woukj become aware of non-compliance. Audibn9 Standards a150 limit tha audit
pn)cedures required to Idanlmy non-cornpliÉnce wilh law8 and regylatw)n5 to enquiry of the tnJs188s and other
management and th8 in9￿cl10n of ￿g￿￿tOry and18gal CQTTe6pond8n¢e, If 8ny.
tgrial misstatements thal aTlse du8 lo frwd can be harder to detect than Its)$8 that arfsg from effor as th8y may
Involve deli￿rat9 conc8almen( or ¢xilkr8ion.
A fltrther doscwiption of our respon61bMll188 Is 8vallable on the Fin8ndal Reportlng CiyJndl$ wets￿le at httysjl
wi.fr¢.org.ukJaudllorsresponsibiliti•s. This description fornis part of our audltoP8 report
of our r•port
This Is madè sdely to the charitys tru$tee8. a$ a body. In aeL*￿nCe knlth PArt 4 of the CharlU•s IActtJunts
arKI Reports) Regulat￿)n% 2008. Our aud51 worf( has bgen urKlertaken so that we might 8tate to the trusteog
those matters we a￿ r8qulred to state lo them h an autlitors. report and for rKJ 0th8r purpose. To the fulle￿ extent
pe￿￿￿ed by taw, we do not 0￿pt or assurne res￿$1b11ItY to anyone ot￿r than the charity 8nd the tharily's
I￿tee$ 09 a body, for our audlt work. fr( thLs report. or forthè opiThlcffis w8 have lorm8d.
CK Audll
12 March 2￿25
Ch•rt•r8d Accountants
Statulory Auditor
No 4 Casue Court 2
Castlegat• Way
Dudey
West mid￿nIy$
DY14RH
CKAudlt Is oligiblo for apw)intrnent ag auditu of the Chartty by virtue of Ms aliglbillty for gppointment as auditor of a
¢ompany uTrYer St¢￿n 1212 ofthe CornpanlesAct 2CK]6.

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Unr¢•tricted Raatrlcted Fndowm•nt
lund#
nd•
funds
2024
2024
2024
Total
Total
2024
2023
Not•$
Incom8 from ch&it8￿e acbvit
Investrnents
181,922
51,2SB
161.922
66,C(Kl
178.826
49,788
14.742
Total Income
213,180
14,742
227,922
226.614
Raising funds
4,421
4,421
4.141
Charitsble 8ctivitie$
139.921
139.921
191.428
Total mour6￿ •xpend•d
139,921
4,421
144.342
195.569
Nel gainsloossesl Dn investm8nts
12
2.072
119,032
121.104
1123.0521
N•t In funds
75.331
14,742
114.611
204.684
192.007)
Fund balan￿$ at 1 Sei*ember 2023
825,768
9).984
3,538,364 4,455,096 4,547.103
Fund balanc•6 at 31 August 2024
901,099
105.706
3,652,975 4,659,780
4.455.096
The Statement of ffnandal act￿￿18$ indudos all galn5 and los885 rerngni38d In lh8 year.
The stat8mont of ffinaniaal 81kntles includes 81198ins and 10$588 reoognlsed in the year. All Inccmg and 8xp8nditur•
dgrlv8 from ￿ntinuIng ac*vIt￿8.

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
BALANCE SHEET
ASAT31 AUGUST2024
2024
2023
Flxed as$•t¥
Tangibl8 0888ts
Investment propety
InYe9tmants
14
15
18
140,000
2,280.001
1,241.163
140,000
2,260,001
1,144.463
3.661.164
3,544.464
Curr•nt as8•ts
D8btors
Invegtrnents
Cash at bank aThJ in hand
15,397
38.210
19
1.077.951
921.825
1.093.348
958.038
Cr•dltors'. amounts lalllng duo wllhln
on• y•ar
194,7321
147,404)
N•t ¢urr¢nt as￿6
998.616
910.632
Total Iqy cuTr•nt li•bllltJ•s
4,659,780
4,455.0
Th• lund8 ofth• Charfty
End(x¥ment ftJnd9
Re￿￿¢1￿d Incom8 fund$
Unrestri￿ed fvnds
3.652,975
105,706
901,099
3,538.364
21
825.768
4.659.780
4,455,096
Tha ffvnci￿ 8tat¢rrthls ￿re approvèd by Ihg Trustees on 12 MarGh 2025
Mr D J Burrows
Chalr of Tru8t•ès
Mr B R Pri¢9
Tr•asurer

THE KING EDWARD VI COLLEGE. STOURBRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accoun1inB poll¢l•$
Charity infomiallon
The Charity called KlTha E<kvard the Sixth Gr8mmar Se1￿1, stOu￿r￿&3e regulated by a Scheme made by the
Board of Edur*tion on 16 November 1909 IBS affected by Articles ol Govemment mada by the MSnister of
Educauon on 26 Octobar 1950} wa5 superseded by 8 new sche￿ of21 Juty 1989.
Consequently th& Charity whth had prevlDU8ly teen represented by the Governors, Aecounts Is Th)w known
as The Klng Edward Vl College. Stourbrklge, Charity being adrninislered by th8 Trustees of that Ch8rfty. No
altempt was mad8 to separate the funds at 21 July 1989.
T￿$0 8¢￿UnIS al¥0 In¢lud• th& Prlzo and S¢hd8rsNp accounts.
1.1 A¢¢oyntlng convontlon
The finanGial 3tstement8 have b88n prepared In ac¢ord8nc& wrfh the CharfVB govemirrfj docurn8nt, the
ch￿r￿•S Act 2011, FRS 102 rh8 Finandal Rgportlng Standard applicablg kn the UK and Republic of ITeland'
I"FRS 102.1 and the Charit18s SORP "Attountiro and R8POrting by Cha￿tle$- Stst¢mgnt of Rgcomrntndod
Pradica appll¢abl& to charfties preparing thdr a¢¢ounts in 8ccordan¢e vllh the Finaniial RepO￿rIg StAnd&rd
applicable In th8 UK and R8publlc of Irèland IFRS 1021. {Qff*￿1ve 1 JaJ)uary 20191. The Charfty is a Publ1¢
88n•fft Entlty as defined ty FRS 102.
The Charity has lakgn 8dv8ntAgè of th• prov1s1￿$ in the SORP for chariues not io wgpaTg a Stat8m8nt of
¢8sh Flows.
The financial ststemenls are p￿Pared in stertino, whith is the functional ￿rrencY of the Charity. Monotary
Amounts In these finand81 statem8nts are rounded ta the nearasl £.
The financlal staternents have been prepared under the historical cost conv8ntlork. modlw to includ8
inYestm$nt propgrties and c8rt8in financial Instrument5 at fair valug. The prlndpal acrA)unting adoptgd
a￿ set out below.
1.2 Golng cOn￿M
At the time of approvlng the finar￿181 stslements, the Trvstees h8v8 a reasonabk* expectation thal Charity
has 8dequate rosourc8S to continu8 Sn op8rational exi$ten¢e for the loreseeable future. Thu$ the Trustees
continue lo adDPt the going c0Th￿rn basis of aecowiling in preparing the financial statsm8nts.
1.3 Charltabl¢ fund#
Unrestdoted fvnd6 are 8vallabl• u68 at the dlsC¥gtion of Iho Trustees In fvrthgrarr8 of Ihar tharilabl•
obi8Ctivés the lunds have been design8ted for other purp)ses.
Restricted lunds are sut4"8Ct to Specific eondltSons by donors as to how thèy may b6 usod. Thg pu￿*?￿ and
Bes of thg rgsirfct•d funds 881 rArt in th• not•s to the ffinancial staternents.
Endowmeni ￿ndS ar8 Sutyect to $pe(ifi¢ condibons by donots th81 the tspiial must be rnalntalned by tre
Charfty.
1.4 Incomo
In¢ome is recognised when th8 Charlty 15 k8gally eTht￿ed to rt after any performance corKllth)ns havg been
m81, the arnounts can be measufed rellabty, ￿ it is probab￿ that Incon* wll be rec8Ned.

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (Co￿rINuED)
FOR THE YEAR ENDED 31 AUGUST 2024
Aemuniing poll¢h$
(Contlnugdl
1.5 Expondltur•
Expfrnéltur• is recognL88d once therfr Is a or con8twc￿¥e 0￿1￿alj0￿ to tran5f&r g¢onomlc benerrt
third party. it Is prob8b18 th8t & transfer of 8conornic ten8fits ￿11 be requSred in s•tI8m8nt, and the amount gf
the obligation can be measured fella￿y.
Exp8ndltu￿ Is ¢￿ssified by actiwty. Th& ia)st$ of •aeh activity are rnade up of thè total of direcl eosts and
shared c0619. including support wsl8 involved in undertaklng each actmty. Dtrect ts)sts tttrknutalje to a singlg
aciwty are allocated directly to Ih8t 8¢tivty. Shared costs bthich contribute to more than one actlvlty and
support Costs which aro not attribut8￿￿ to a slngle actfvity ar6 8pporllcffl￿l betr488n t1￿8 activit188 on a baslg
$i$tenl the us8 of r850urc8s. Central 81aff costs a￿ allocat•J rm the basls of time spent, and
depreci8tion charges albtst8d on th8 pthon ofthe ass8ts use.
All exp8ndllure Is aec4untsd for on an 8¢c¥uaL8 basls and has bèèn classif￿d under headings that aggregato
èll costs related to tho Galogory.
1.6 Tonqlble fixed •¥¥ots
78nglble flxed 8ssets are initsalty measured at ¢ost and subsequently measured at Cost or valuation, n8t of ary
Impa1r￿￿nt Ios58S.
The kgnd 8nd bJildings comprise col￿e ￿￿1$0$. The trustees belleve there is no bnger any value kn the
Colle9e buiklirvJ5 and th8 rev8luailon re6erye has been ro18858d In a pr8¥Aous yeor and the balance moved
frcffl endowrnerht fuThJs.
1.7 Investsn¢nt proporty
Inve51m8nt proper￿e6 are Indudgd in ￿lanc* shget at the Truste•s' b•st e8timate of open markgt v4ue
ha¥ring t8k•n pwfgs5￿nal a(Jvicè.
1A Flx•d 8#•et Inv•stm•nts
Fixed assel ￿wes￿lent9 are initially measured at ￿nSa¢￿an pr￿e exdudiw trans*t4gn tssis, 8fKI are
8ub$gquW I￿a¥Jred èt 18lr value at each ￿pOr￿￿¥j dat8. Chang88 in falr valug ar8 recoanlsed In ngt
incorr￿1(eXpendItur0} for th8 year. Transaclon costs are 8xpens*d aE hcuThed.
1.9 Impalmient offixed ass•ts
At eath repordng end d8te, the Ch8rfty revlèws th8 carrwng amounts ol ts tanglbl$ 8$6ets to d8t8rmin8
vA)ether there 18 any indication that those a$5ets have suffgr¢d an imp&rm8llt k>58. If any su(4) Indication
6￿$ts. the re￿verabl9 armunt of the asset is estlrnated in order lo detemiine lh• •xtenl of the INpairm8nt
loss (rfany).
1.10 ¢Jsh and chsh •qulval•Trts
Cash and cash 8quival8nts Ind￿je cash in hBnd, deposNs held at call wilh banks. otsr $hort-tenn Ilquld
Investments with orfglnal M8￿rftlos Of1hr￿ ff#Jnths or kpss. at)d bank ov8rdfafts. Bank ovenlrAts are sfv)wn
within ljorrowings In ￿rrent liabl1￿¢$.
1.11 Flnonclol In$trum•nts
The Charty has elected to appty th8 provisions of Sectton 11 '8aslc Financ￿1 In¥truments' and Section 12
'Othor Finawal Inslrumgnts Issues, of FRS 102 to all of rt¥ financial Irtstruments.
natr)rJal Instrurnents ar& re￿nISed in lh8 Charftys b81oncg shoet when the Charfty bg¢ornes paity to the
ntra¢tud prO￿810n5 of Ihe instnJmenL
Flnan¢kg1 assets and liabilities we offsot. wth tho n•t amounts pr8s8nted In th8 ffn&nck41 siatements.
there Is 8 legally enforceatAe right to $8t off the recognL8ed omounts and there 1$ an Intenth)n to settle on a n•t
basis or to r8alTse the awl and settle the liabilrty sirnuManeDusIy.
10-

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
NOTES TO THE FINANCIAL sTATEME￿r5 (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng pdlcl•¥
(Contlnu•dl
B•*i¢ Iln•ncl•l assets
B86ic finanrial 8558ts, whleh b￿l￿de ¢ebtorn and ca¥h and bank balances. ar8 ￿n￿allY rnea5ur8d al
transa¢tK)n price inclthing transacti1￿ costs and arg $ub¥¢quÈntly carrfjed at amorbsed ¢08t UBlrva the gffeetlve
Intsrest rnglhod unl95S thg artangemont constitutes a financing transaction, where the transaction is
measured at th9 p￿Sent value of the future r8(eipts diswunlgd At a market rate of intsrgst. Financial ass8ts
dassffjed a8 r8ceivabl8 Within Dntr y•ar are not am￿lsed.
B•sk fin8nci•lli4ts7ilies
Basic financial liabilities. indLxling credttor6 ond b￿k bans are inllS*ty rocognlsed al transaction prfcg un18SS
Ihe arangement ¢on8titute5 a finanung transaction, where the debt instrument is measured 8t the present
Y￿Ue ol the future re¢eipts di8eount8d at a market rate of inlergst. Financial liabl1￿e$ ¢la$$lfi8d as payab
wmthin one yeaf are not amortised.
Trnde ¢redhor8 are obl198t￿nS to P8y lor goods or semces that hav8 baèn acquired In th& ordlnary cours8 of
opgratlons ffom suppliers. AmwntS P8y8ble a￿ class"ffjed 83 current I1#￿11tieS ￿ payment is due wlthln one
year or less. 11 noL they arg pregenl8d as nOn￿l￿nI IlabSllties. Trad8 creditors are recognisèd inibally at
transactitsn price and subsequenly rneasured at amortised cost using the effectNe interest method.
D•r8eognltlon of flnancl•l Ilablllll•s
Flnanclal liabil￿e5 arè derecognised whgn Ihe Charity5 contr&tual obligations 8xpre or a￿ dlscharged or
cancelled.
Crf¢kJl owiunllng •$tlmatg• and jud￿Ments
In th? application of thg Charity's xcountirvj pdKies. Ihe Trustees af• requSred to make jthJgern8nts.
estimat85 and ossurnptims about the carying amount of assets and liabilthes that are nol readily appar8nl
from other sources. The esbm8te8 and associated assumpliorns are based on historlcal experbnce and other
fgdors that are ¢on$klered to be relevant. Aclual results may differ from these eslwmtes.
Th8 estimates and undedying 8SyJmpt￿n¥ reVI￿d on an orooing basls. Rev￿lon6 lo accounting
8Stirn4tÈs recognised in thg Feriod in wlm'ch the e$tlmate 18 revi58d where tho r•vish)n affects only that
period. or in the perM)d ol Ihe r8vi#ion and fubjre perfc4Js where the remsion affeds bolh current futur8
penod5.
K•y •ouM$ of e4tlmalion uncertainty
Investment proporty
Investm&nl properti95 arè included In the balan¢e sheet at the Trustees, best estirnate ol open mark•t value
haviThJ tsken yofe85ional advlce. Professional valuailons are carr￿d out at bast every fi¥e yo8rs subjoct only
io obtsining a1￿ce as lo any material movemenls behveen Ind￿iduAl valuab"on$.
11

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
Incon* fron7 ¢harltsbk •¢tMtI
Uw•¥trlct•d Unfg8trl¢t•d
funds
2024
2023
Charltable aetl¥lll•8
Rontsl In￿me
Service chargps
161,922
176.514
312
161,922
176,82fj
Income from Invè8tment8
Unrestrl¢t8d R•8trlct•d
funds
funds
2024
2024
Tolal Unr•strl¢t•d R•stsl¢ted
fvnd•
lunds
2023
2023
Total
2024
1￿cl￿9 from li5t8d
lftvestrnents
Income from unlisted
investments
Interest rèceNabl8
16
13,475
13,491
12,301
12,312
20.889
30.353
20,889
31,820
19,669
16.546
1.267
19,689
17,787
1.241
51.258
14,742
36.246
13,542
49,788
Expendltur• on rathlng fvnds
funds
2024
funds
2023
1n￿trn8nl managernent
4,421
4,141
12.

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Exp•ndltur¥ on d￿rIt•ble aGtlvitl•$
Proporty Prlze Fund
Rentsl ActNItI•s
2024
2024
Totsl
Property Prlz• Fund
Rental AG11¥￿￿5
2023
2023
Total
2024
2023
Dlrocl costs
In8uranca
Prizes
Coun(41 t8X
Repairs loth8rl
Surveyor and proFerty
consultant [￿S
Rent and18as8 leo
Electriclty anil gas
Prof8s51onal fees
Bank ¢haryes
Sundry
Lottin9 8gpnt fees
Olher charitable
Oxpgnditure
4,174
4,174
48.624
3,919
5.011
10.058
10,058
48.624
3,919
5.011
1,536
1.274
1.274
2,160
7.662
19.215
2,160
7,662
19,216
13,020
2.946
12,9(Y)
750
215
235
5,460
13.020
2.946
12,900
750
215
235
5.460
447
447
5.217
5.217
1,885
1.885
49.691
48.624
98,315
48.394
5,000
53,394
Grantfundlng ol advlues
l$e8 notg 71
120.ofjo
20,940
20.940
120,000
Shar• of support and gov•manr• {$ao nol• 81
Govemance
20,666
20,666
18,034
18.034
91.297
48,624
139.921
186,428
5.000
191.428
Analysis by lund
Unrestrictsd funds
91,297
48.624
139.921
186,428
5.OfKI
191,428
Grants payab
During the year a grnnts of £20.000 {2023- £120,0001 were pald to Hoart of Mercia PAulti Acad8my Trust. In
addhtion, a grant of £940 was p8id lo Klng Eihvard Vl Collog8 Prize Fund.
Support ¢osts •lloG•t•d to a¢tlvttl•$
2024
2023
20,666
18,034
Analysgd between:
Pwperty Rental
20,666
18.034
13-

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMEKfs (CONnNUED)
FOR THE YEAR ENDED 31 AUGUST 2024
support cost5 allo¢at8d to 4cdvltl•s
IcontlNu•dl
Governance costs ¢ompth.'
2024
2023
Audtt feè8
Actounlancy
Legal and profe8slonal
4,975
3.965
11,726
5.154
7,990
20,666
18.034
Net nK¥v•m•nt In fund•
2024
2023
The net M￿ment In fiw¥Js Is stated after charylwll￿edrtIThgl.'
Fees payable for th8 audtt ofthe ¢harity5 fmand81 statomgnts
4.975
4,890
10 TnMt•os
Nc¢)8 of th8 Trusto88 lor 4ny p8rtcw connect•d vrith them) r8Colvod any rnmun8rallon.
11 Employ••ts
There were no ¢mptyg98 during the year.
12 Gains •nd108$9$ on Ibw•$lmont•
Unmtrfel•d Endowmont
funds
fund¥
2024
2024
Tcrtal Unr•sIrf￿•d Endt>wm•nt
lund$
fund$
2023
2023
Total
GaIn￿O0$S6SI arisiry on..
2024
2023
RevAludLM of
investments
ReValUa￿on ol Invèstmant
properties
2,072
99.032
101.104
14971 (22.555)
(23.0521
20.000
20.000
1100,OIK)) 1100,0001
2.072
119.032
121.704
14971 1122.5551 1123.0521
13 Taxatton
Thg Charity 1$ exempl from laxation on ils aCt￿tI•$ be¢8u$• al Its incomè is aP￿￿d for thArrtable purpose8.
14-

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
14 Tanglbh fl￿d ¥8ots
Lathd aThJ 011 P•R*lng
buUdlrtg5
Totsl
Cost
At 1 S•ptembor 2023
21,209.D59
140,¢)00 21.349,059
At 31 August 2024
21209,059
140,¢J)0 21,349,059
D•preclatlon and Impalrnwnt
At I Septèmber 2023
21209.059
21,209.059
At 31 August 2024
21.209,059
21,209.059
C*nylng amount
Al 31 August 2024
140,000
140.￿0
Al 31 August 2023
140.OIXJ
140,000
King Edward Vl oil on wood painting. cArca 1547 attribut8d to William Scfots IreYalu8d in June 2022 by
Fielding$ Auclongws Ltd). The trustees are of th8 oplnlon Ihmt th8r8 1$ no materitl eharrfJa In Ihg nol b￿k
value at year end.
IS Investmant propérty
2024
Fair valu•
At 1 Septernber 2023
Ntrt gains or losse8 throu9h f&ir valu• adjustrnents
2260.001
20.000
At 31 August 2024
2,280,001
Th8 investmont property was la8t professlonally valued in lh8 year ended 31 Augus12023. For th8 year ended
31 August 2024, tho velues have been r8vlewed by Andrew T*plin and Lèè Shaw Prop8rties and
sub58qU8ntty updated to refiect ¢urrent market CDnditions.
During the year ended 3181 August 2021 the Iru5tees weffj givèn peMission from the Charity CommissK)n to
grant a 125 year lease with & pepper(om rent to the Heart of Merc4a MAT. The valu8 of the Cdlgge buildlngs
was Ihefefore impaired to £1 and transferred to Investment property. The trustees believe Ihere is no longer
ny v81ue in the Co118ge building5 and th8 revaluatfjon r958rve c¥001ed in 2018 was rele888d. wllh tho balan
being Tomo￿d frc#n general èndownent funds.
15-

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARrrY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
16 Flx•d InvMlm•nls
Expendable
Perman•ht
EndoThnt Endowm•nt
Gtnoral
L16t8d
C•¥h and
Funds InvKtrn•nts 8avSng6 Bank
Total
Co•t or valuatlon
Al 1 S6pt8mber
2023
Addldons
Valuatlon
changes
Charges an¢J
Ihtgrest
M0￿Ment in
¢a5h balanc8$
Disposa15
502,969
185,340
25.350
424,321
35,669
1.144.463
35.669
41,127
15,155
2,072
42.752
101,108
14,421}
(4,4211
578
578
136.232)
(36,232)
At 31 August
2024
200,495
27,422
466.510
2.640
1,241.163
Carryln9 •Mount
At 31 August
2024
544,096
200.495
27.422
466,510
1,241.163
At 31 August
2023
502,969
185,340
25,350
424.321
1,144,463
17 Financial Initrum•nls
2024
1023
Canyjng amount of Ilnan¢lal aa••ts
InStrU￿￿nts m9asu￿j at falr val¢Jo through profft or loss
1.241.163
1,144,464
11 D•btorg
AmountB falling du• wSthln on• year.
2024
2023
Rent & 5nsurance r8¢*arg•#
Other debtors
2,397
13,000
20,210
16.0
15,397
36,210
1• Curnnt ass•t In¥trstm•nts
2024
2023
Unli8led knvestrnonts
16-

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
20 Cr•dltor8: omount8 falllng due wSthln year
20
2023
Othw (yeditors
94,732
47.404
21 R•strlct•d fvnds
The incfjme ffijnds of Ihe Charity Include restricted lunds comprf$ing th8 fdl0w￿g Lmexponded balanc85 of
donatlons and grants hehy on trusttr spedfk purp058S'.
Incomlng At 31 Augu$l
r••gur¢•s
2024
Septernb•r
2023
956
10.831
93,919
Platl Library Fund
Scott Educathgnal FoundAkn"on
Dr Roy
18
1,251
13.475
9.580
80,444
90,964
14,742
105.706
Previous ￿ar.
In¢omlng At 31 August
Serteffl￿r r•$ourco¥
2023
2022
Platt Library Fund
Scolt Educaoonal Foundalion
Dr Floy
940
8.339
68.143
1,241
12,301
Tl.422
13.542
90,964
17-

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARrrY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
R)R THE YEAR ENDED 31 AUGUST 2024
Endpwmgrt lunrf¥
Endowment futx15 represèrrt assets whith be hEld permanenty by thg Ch8rity. Incomè *ri￿n9 on th•
endowment fvnds can be used in o¢cordance with the thI¢cts of Ihe Charity indtyjed 88 unrostrictsd
Income. Any ¢aplt81 gains or rosses arfslng on the 888ets form part of Ihe ￿nd.
At 1 R•#our¢es
S•ptsmbèr
•XPgnd•d
2023
Gains and At 31 AugVSt
10880$
2024
P•mi•nent •ndowments
Land and buildtng$
Invlstmgnts
Demt a¢ccount
S￿tt Educabonal Foundation
Dr Roy BeqU￿t
Invegtrnent woperty
140,1)00
142.767
12.468
50,867
429.492
2.260,001
140,000
154,491
12.468
54.178
467.741
2,280.001
11,724
3.511
42,670
20.000
14.4211
Exp8ndablo ondowments
Inv¢skn8nts
502.969
41,127
3,538.364
14,421)
119.032
3.652.975
P¥gvlou$ y••r
Rèsourus
•xpond•d
S8pt•mber
2022
Galns and At 31 August
losvs
2023
P•rman•nt •ndo*menls
Land and buildln95
tnvesthTrents
Dgposlt acccount
s￿tt Educatlonal F¢)und8tir
Dr Roy Boque#t
Investrnent propety
140.000
145,440
12.468
51.512
442,804
2,360.001
140.000
742.767
12.468
50.667
429,492
2,260.IJ01
12,673}
18451
19,1711
{100.0￿}
(4.1411
EXp￿dabl0 end¢wrrr•nts
Inv8strnÈnts
512.835
19,8661
)2.969
3,665,060
14.1411
1122,5551
3.538,364
18-

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
23 Unr•styic*•d lun
The unrestrKted fund5 ofthe chartty cornprK8e the unexpended balancas ol don81ions and grants which afe
not sut4ect to speafic conditions by donors and grantors as to how they fflay be used. These indude
dèslgnat8d fu￿9 whid) h8ve been set out of unr•slricted lunds by the tru8teès for 8P8cffic Purp￿$.
At1
In¢oming
Galns and At 31 August
S•pfvml>gr r•sourc
lo$
2024
2023
R•80urc
•xpend
Gen8r81 funds
825.768
213,180
1139,9211
2,072
901,099
Pr•vlous y•ar:
At1
S•ptsmb•r
2022
Incomlng
resourtès
Re8ourc•s
oxp•ndod
G&ln3 and At 31 AugU8t
IoJkS•1
2023
Gener￿ flmds
804,621
213,072
1191,428}
14971
825.768
24 Analysls of n•t as¥¢ts funds
Unrn4trict•d
funda
2024
R•strf¢tsd Endo¥nn•nt
funds
fvnds
2024
2024
Totsl
2024
At 31 August 2024..
Tanglble assets
Investment prDperfe8
Investment$
Current assetsluiabilibesl
140,000
2,280.001
1,212,784
20,190
140,OtK>
2,280,001
1,241,163
998.616
27,423
873.876
104,750
1.099
105,7C6
3,652.975
4.659.780
Unre8trlcts
lund
2023
Rostrlct•d EndobThent
fvnd$
2023
T+)tsl
2023
2023
At 31 Auyusl 2023-
Tangible assets
Investrnenl propertles
Investments
Current a88pts1lllablllb￿I
140,000
2.260,CKJ1
1,118,173
20.190
140,000
2.280.001
1.144.463
910.632
26.350
800.418
90,024
825,768
3,538.364
4,455,096

THE KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
25 Fln•n¢lal romrnllments¥ gu8r•ntee• and ¢ontlng•nt l￿bIlli18
A 9rant of £221.6S7 was made by th¢ Football Foundatron to the &Jvèmors of the College n 2014 toward8
lh8 Cogts of 8 new sports pavilion on land owned by the Charity at The Green Fièlds. Oldsmnford,
S￿Xbrid9e. Th8 grant was made subject to condrbons binding on both the Govemors and ihe Tmstees.
Dwing the periLxI 0121 years frorn the 3rd o￿ober 2014 8ny br8ach of the grant ￿ndItIonS covld trigger the
Ywymont ofthè grant.
26 R*lated partytransacth)n8
TherB were no disc408a￿e ￿e￿Ied paty transatllon8 during th8 year12023- fK)ne) other than Ihe grant to tho
Heart of Mercia for£20.000.