2024-03-31-accounts

QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD FOUNDATION ACCOUNT AND ASSOCIATED CHARITIES FINANCIAL STATEMENrs FOR THE YEAR ENDED 31ST MARCH 2024 Reglstered Charlty Number. 527603

Page I QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD FOUNDATION ACCOUNT AND ASSOCIATED CHARITIES TRUSTEES AND ADVISORS TRUSTEES: Mr. S.W. e￿e. cha￿p￿sOn Cllr. M￿. S. Devereux . D. G. Jame5 Mr. D. Brown Cur. Jvts. J. Bradley CLERK TO THE TRUSTEES: Mr. G. Alien M&ws. 15nn Crfddie & Co 6 Hrgh Slreel ALFORD nc5 LN139DX INDEPENDENT EXAMINER: Mr. P. Sharpe FCA Townends Accounlonts LLP Chartere<Y Accounlon15 Carttsle Stre8t GOOLE Eosl Rldlng ol Y￿kShtre DN145DX BANKERS: Lloyds Bank PIC 24 Mercer Row L￿th Llncoln5hire

Pw2 QUEEN ELIZABETH'S GRAMMAR SCHOOL FOUNDATION AND RELATED CHARITIES ANNUAL fiEPORT FOR THE YEAR ENDED 31ST MARCH 2(r24 THE 1988 SCHEME The Charity called Queen Elizabeth'5 Grammor School and the a55ociated charity colled the Prll&s Fund ore reguloted by a Scheme made by Ihe Chority Comm1$51on lor England and Woles dated 8th Novomber 1988 ond Ckdets of Ihe Chorlty Comml&sion dale¢y 6th D&cember 1991 and 2 1st FeLyu¢Jry 2019. The Charfty 15 a registered Charity No. 527603. THE CHARFTY TRUSYEE5 The Charlty Tw51ees Ihrovghovt the yeor lo 3151 Morch 2024 were: Nomlnoled Trust8es.' Mts. S. Devereux app￿nted by East ￿nd$eY Dlslrid Councll lor o four year lem of oflice from 15th November 2023., Mr.D. Brown oppoinled by the Lord ol lh8 man￿ of Altord ond Well lor a tovr year lenn of offi'ce from 281h October 2022", und Mr. S.W. Eyre appointed by Llncolnshtre County Councll fc¥ a four year term of office from 5th June 2021. 2.2 C￿0pO￿ Truslees.. th. D.G. Jomes for o fve yeor lenn fvom 1st Novembei ))22: Cllr. Mrs. J. Bradley f(Y o Ilve yeor lenn from Isl November 2￿. YHE CIIARITY OBJECTS The oblecls of Ihe moin School Chorfly or8: to permlt dnoled land and bJllding5 lo be used tor th8 purpose5 of Ihe School Wilhln the meanlng of Ihe Education Reform Acl 1988 as omend8d,' lo manage an(J181 othef land and lyJlkllngs nol requked lor occupolbn by the School.. lo defroy out of income ol the school Charfty tha cost ot mointolning the Sch¢)ol Charlty propertl6s except expenses ot o klnd normolly dlschorged from the School's Budget Share,. to apply income of the School Chority in tr loward5 provKling for the School such speclal benefft5 of a klnd not n(ymolty E¥ovlded from ils Budgel Shore as the Trustees from Ilme lo Ilme ogree wlth the Govefnors of Ihe 5cho(A andlor In yomolin9 the education of persons under the oge 0125 yeot5 who are ￿ need of finonclal 055islance and who ore altendlng or have atlended the Schcol. On the 21 sl Felxuary 2019. ond vp)n the opplicolion of the Trustees. the Chgrity Commisslon oidered the goveming documenl to be amendod In lerms to allow the Tru5tee51o grant o le05e of property (port sile ol Ihe Schooll comk¥Nng wrl ol the permanent endowment ol the charity lo a quolifylng Academy FYOFdelor fcx a term nol exceeding 125 years lo be held on trust for Ihe purposes of on Acodemy wlthln the meoning of the Acodemie5 Act 2010.

Pogt 3 QUEEN ELIZABETH'S GRAMMAR SCHOOL FOUNDATION AND RELATED CHARinES ANNUAL REPORT FOR THE YEAR ENDED 375T MARCH 2024- continued FOLINDATION ACCOUNT During Ihe year. the main School choiivs Income was £36.714 renl recelpts. 4.2 Chofges and expenses fcf general odmlntstration tololed £826, cal or ph￿ICal achievemenl5. 5.2 During the yeor the Truslw account ol COIF Investments WO$ 5115pended p8ndlng the complellon ol regulation ond compliance requifements.These occounls reflecl In Ihe stotemenl ol a￿ets the volves ond oulslonding income due ol Ihe yeor end. 5J The c05h lunds in hond ol the end of the Itnonclal year were £3,995.72. TRUSTEES STATEMENTS Ihe Trustees conslder Ihol the Income ot the main School Charfty and os50claled charllles will conllnue to be odeqvole lo deol wilh n(Ymol adminislralion costs ond lulffiment of the Charfvs anlicipaled idenllfiatyle objec15 fcy th6 foreseeoble future. Accvmulaled unexpended Income reserves in re5PeCt ol the moln Schoot Chcxlty and Ihe Prtzes Fvnd continue to equate lo sevefal year5 nrymol expendllure on the School Chorily's objec15 and tho Trusl8es consider thal o slgnlftcant proporlion of these resthe5 could b8 made available lo appolnl in or towords ony specbl prolecls wlhin the oblecls ol the School Chorfty Schem8 wllhoul there being any maleriol effect on ts obl1￿ of the Trustees lo cory oul thew usval dutles and funclions. The Tru51ees contlm thot they have complied wilh Ihetr dufy to hove due regord to the Charity Commission's public beneltl gu￿janCe when exerclsing ony powers or (Julth lo whlch Ihe guldunce Is relevant MR S.W. EYRE Chalrper50n ol the Twstees

Poge 4 INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF QUEEN ELIZABEtH'S GRAMMAR SCHOOL. ALFORD FOR THE YEAR ENDED 31ST MARCH 2024 I report to the trustees on my examlnolion of the accounts of the Queer) El]zobelh's Grammar school Charhy for Ihe year ended 31 sl Morch 2024. vthich are set out on poge5 5 - 9. Reiponslbllltles and basls of report As the charity trvslees of Ihe Charity you are responsible for Ihe preparation of the account5 In accordonce wilh the requiremen15 of the Charitie5 Act 2011 I'lhe Acl'l. I rep￿ Sn respect of my exomlnolion of the Truslee's occounls carried out under section l ￿ ol the 2011 Act and In carylng out my exominalion I have followed oll the applicable dlrections given by Ihe Chority COMMIS￿On un(Jer section 14515llb) of the 3Jl l Act. Independent ex¢mlnerf5 slalement I hove completed my exomlnullon. I confifft) that no moterfal rnatter5 have come to my atlention In connection wtth Ihe examinalKJn glving me cov5e lo believe Ihot In any moteriol respect: accountlng recNds wwe not kept In respect of the Chorily os reqvke(I by secllon 13) ol the ocl., or Ihe accounts do nol occcrf wllh Iho$8 rec(xds. 121 I hov8 no concerns and have come across no olhef motters In connecllon wllh the exomlnatlon lo whlch atlenlion should be drown In Ihls rewt In (xder to enable o ￿0per underslandlng ol the accounts to be reached. P SHARPE FCA TOWNENDS ACCOUNTANTS LLP CHARTERED ACCOUNTANTS CARIISLE STREET. GOOLE 27

Pooo 5 QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD PRIZES FUND RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 2024 21Y24 RECEIPTS Dlvidend5 rec@tved.' 95655 C.O.l.F. income unils TOTAL RECEIPTS FOR THE YEAR PAYMENTS NEf PAYMENT5 FOR THE YEAR CASH FUNDS AT 31ST MARCH 2023 3.996 3,866 CASH FUNDS AT 315TMARCH 2024 3.996 3,996 Pleose see Nole 52 on Poge 3 with regard5 to the Dlvidend Income.

Poge 6 QUEEN ELIZABETH'S GRAMMAR SCHOOL, ALFORD PRIZES FUND STATEMENT OF ASSETS AND LIABIUIIES AI 31ST MARCH 2024 2024 2023 RECEIVA3iE DivSdenrJ receivoble 912 260 CASH IUNQS AT 31 MARCH 2024 Bank current occount 3.996 3.996 4,256 INVE5TMENf ASSETS 956.55 COIF Income units The morkel value ol the Income vnils on 31 st Morch 2024. wa5 £19.544A)

Pog? 7 QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD FOUNDATION ACCOUNT RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2024 2024 RECEIPTS Rents rece￿e￿ Chorille5 official Investm&nl fund- income untls Woyleaves 34.714 37.912 1,012 36.714 38,928 TOTAL RECEIPTS FOR THE YEAR 30.714 38,928 PAYMENTS Accountancy Insurance 286 290 (826) 17701 Spcclal benefits Iu school TOTAL PAYMENTS FOR THE YEAR (826) (7701 NET RECEIPTS FOR THE YEAR 38.158 CASH FUNDS AT 31ST MARCH 2023 150,021 111,863 CASH FUNDS AT 37STMARCH 2024 185.901 150.021

Page 8 QUEEN ELIZABETH'S GRAMMAR SCHOOL ALFORD FOUNDATION ACCOUNT STAIEMENT OF ASSETS AND UABIUTIE5 AS AT 31ST MARCH 2024 21Y24 2023 CASH FUNDS AT 31STMARCH 2Q23 Bank Dep0511 Accovnl Cash held In client occount by Cl Cosh owed to Mnn Crfddl8 186.627 149.913 (718) 185.909 150.021 Deblors Charflles officlal Inveslmenl lund - Income vnlts 7.140 3,064 193.049 153. LIABILrriES Accovnlancy fees - 31103123 31103124 540 570 Clerks fee5 £5CLI x 6 yeors £5￿ x 5 years 2.500 51r W L Traver5 Educolionol Ch￿lty re, expenses pord on chodtle5 beholl Accovntoncy IYIE 3110313)1 456 4,050 3.496 INVESTMENT ASSErs LAND AND BUILDINGS CJJeen Ellzobelh's Grammur Schoot and Ihe Headmostefs Hou5& are occvpled by ond for the exclusive vse of the School. The School Form. Forfeslhorpe is o tenanted property generallng rental income to the School Ch(thty. 7,481.80 COIF INCOME UNITS The rna￿et value of Ihe income unils on 3151 Morch 2024 was £152.872.63 MR S.W. EYRE Dat?: For ond on behall of the Trustees

Page 9 QUEEN ELIZABETH'S GRAMMAR SCHOOL, ALFORD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 21r24 ACCOUNTIKG POUCIES The accovnts have been F¥e￿ed on the recelpts ond payments bosts in ac¢¢Ndanco ¥Mlh the Stalemenl ol Recommended Practi￿. Accountlng by Chad￿e$. The accounts are inclusive of VAT.