REGISTERED CHARfrY NUMBÉR,. 528952 REPORTOFTHE TRUSfEE5AND UNAUDITED FINAP40AL sfAT£MENrs FOR THE YEAR ENDED 31 MARCH 2025 Parkes & Co Chartered Accountants 5 Crondal Place Ed8ba5ton BirrniThaham Midiafids 815 2L8 THE CHARfrYcALLED HANDSWORTH GPAMMAR C014TENTSOF THE FINANaALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Report otthe Tnuteej I to 3 Ind￿ndeTrt E¥amkn•rfs Il•port Statem•nt of Flnanc￿l Acthltl•s B¥Sance Sheet Notrs tothe H4Mnd•l 5tsternents 7 to 13 THE CHARfrY CALLED HANDSWORTH GRAMMAR SCHOOL REPORTOF7HETrUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The tru#ee5 present thwr repcrt vAth the finanual Statem￿ ol the tharity fcf ts year ended 31 Marth 2025. Thè tr115tees have adopted the provisions of Accounting and ReFthing by Charitiès= Statement of Recommended Practicè appI￿able to charities p￿parIng their accounts In 3ccordance wf(h the Fin•nual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve I January 20191. OBJEcnvESANDAcnvmES OblectS¥es and alms The charitable objectSve of the Chorlty 15 to pro￿de In or near the area of the andent Parish of Handsworth. a day school for boys and purposes andllary thereto. Sl8nlfiwt art￿￿11￿$ The Charity owns and helps to maintain and suppm the property of Handsworth Grarrfftar khc*)l. The Charlty also provldes scholarships and prlzes for students. PuWi¢ benefft The Trustees consider that they have complied wrth the duty In secdon 4 of the Ch•rllle$ kt 2011 to have due regard to publk beneflt guldance wb115hed bythe Commlssbon. ACHIEVEMEPITSAND PÉRFORMAPKE Charbtable artlvltles Durlng the year, the following distribution5 were fnade: . Contrlbutlons to Handsworth Grammar Sthod of £17￿(112024.. £373451 were made in connecuon wlth bulldlngsl prlze8lvin8 and mistellaneous projec Total costs of administeringthe Charity In t￿year %bEre £12,44712024: £12.3141. I￿lUdI￿(￿'S expenses and professional fee5. Inv•stment perfornMnc• The change in market value of Investhert5 of the charlty In all fvnds adrnlnlstered decreased by E5,14112024'. Increase of £74,4021 durlng the year. Goln8 con¢ern The trustees have revlewed the p05r¢ion of the charlty and conslder that adequate resource5 continue to be avaikble to fund the artivities for theforeseeable future. The tru￿••1 are of t￿vIewthat the charity is a go1￿Con￿rn. FUTURE PLANS The chadty i5tOtransition to a CIO strutture withrn the nert financial yezr. SYRUCtURE. GOVERNANCE AND PMNAGEMEKr Govemin8 docum•nt The charity is controlled by Its 8Lwerning d￿uMent. a deed of tr[￿a￿l constitutes an uninrrrnated rharilv. The Charity 15 regulated by a Scheme dated 21st March 1980. amended by an Order of 12th July 1994. Modif￿ by an Ordei uThdeT the Sex Discrimination Act 1975 of3rd February 1998 and aliered by an Orderof 18th April 2OJI. The Stheme was orderÈd by the Charfty cc¥nrnl￿￿er5 for EnSL)r￿ and Wales and m¢ylified bythe Sècretary of State for EdUCat￿n and Employrnent. SCHOOL REIK)RTOFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 sTrucruRE, GOVERNANCE AND MANAGEMENr Re¢rultm¢nt •nd opptyntment ot newtru>tet5 The body ol Governors consists. when complete. of frfteen coM￿ent persons betng seven Nominative Governors and e(ght c￿0ptative Governor Organ15atlonal structw• The School Is a voluntary-aided xhcol wÉthin the rneani￿ ofthe Educati￿ 1944to 1976. The khool achleved Academy status on I September 2017. Dedslon making The Governors must first appty the chafitls income and. Ff the Governors think fft. expÈ#dablÈ endowment and, when the expendf(ure an properw be ¢haf8ed to it, permanent endowmenL In meetin8 the proper casts of adminsstering the Charity and of rnanaging Its property and m3kln8 payments to the Govemors of the Sthod to be used by them In dlstharging their statutory obligatlon5 Wlth respect to the rnalntenance of the Sthool. After payment of these costs. the Governors must apply the remaining Income in hjrtherfng the object of the Charity. The Governors may also apply, for the oblect of the Charlty, expendable endowrnent and permanent endowmeAL birt only on such terms for the replaoment ofthe amount spent as the Charlty Commlsslon may approve by ordff lrt advance. REFERENCE AND AOMINlSfiLATIVE OEfAILS R•8lrtered Ch*lty number 528952 Prfnclpal 3ddre55 Kln8 Edward Vl Handsworth Grammar Schcd Grove Lane Blrmin8harn West Midland5 8219ET Trustees H Idler B Smolden P Jones S Yacoob S Farrell J Berry M Shahabuddin 8 Munir R K Minhas C EtheTidge DTobln . aprAiinted 2 May X)24 - resigned 22 September 2025 n41 (AIII D 6•JkVVAP I N)VOI THI YIVSYII I fll 140M1¥15TRATIVI DET14115 I "o*r) P1x¢ Eok 8anl•rs 50vo$ ￿nI Pic -r, ?{h4¥Tr. Soli¢ilQry 't ficw !n['. Six&bioi¢rs &:'dJy Ic" tr,'*cra D '¢da.'d Apprcii d bi ordc.i of ihe bgord of iiustee5 on 12 No4L'inber 2025 and Sydned on Its trK.hJlt by.. 10,. .b- Tiurltrt INDEPENDENT EXAMINERS REPORTTOTHE TRUSTEESL S(HOOL Independentexaminer's rep¢xtto tho trustees olThe charIty￿1￿ Hands￿Gramma1 5th001 I report to the charfty trustees on my emarnination of the accounts of The Charity Called Handsworth Grammar School Ithe TNsll for the year ended 31 March 2025. Responslbllltbes and basls of report As ihe charity trustee5 of the Trust you a￿ res1￿51￿¢ for the preparation of the xcounts in accordance with the requirements of the Charltles Art 2011 l*he Att'l. I report in respect of my examination of the Trusvs accounts carried out under Section 145 of the Act and in carrying out my examination I havefollow￿ all appllcable Dirertions 8iven by the CharityComNssKJn uNler Section 145lSllbl of thèALt. Independerrt examlnerfs swement I have completed my examination. I conffirm that no materfjal matters have ¢ome to my attent￿ In connectlon wlth the examinatlon giving me cause to beliève that in any matsfial r￿Pect. attountlng records were not kept in resm of the Tnjst as requlred by Sertlon 130of the ACL. tw the accounls do not accord wrth those rttords.. or the accounts do not cornpty with the applicable requlr¢ments concemin8 the form and content of xcoun15 Sèt out In the Charltle5 IAccgunts and Reports) Re8Ulat￿n$ 21x18 other than any requirement that accounts 8ive a true and falr wew whlch 15 not a matter consldered as part of an Indep￿de￿ examlnatbn. I have no concerns and have come across no other matters In connertlon with the examinadon to whlch attenticffi should be drawn in this report In ordèr ta enable a proper understsndln8 of the acwunts to be reached. zl L E PaTkes FCA Parkes & Co Chartèred Accountsnts 5 Crondal Place Ed8baston Bimisn8ham West Midlands B15 2LB 12 November 2025 Pase 4 $rATEMETr￿OF FINANaALAcfivmES FOR THE YEAR ENDED 31 MARCH 2025 2024 Total funds Restricted funds Total funds fvnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 28A75 46,755 Investment Income 38.971 37.818 Totsi 66.937 84,573 tXPENDmJRE ON Charltable artlvltles Contributlonsto khool for malntenance prolects Contrlbutlons to Sch¢)ol for tapital prolerts Contrlbutlons to khool for prize8lvln81 préz GovernarKe costs Donalkins pald Contrlbutlon to School lor miscellaneous projecis Contribution to SchocA lor En8llsh studle5 25,000 io.( 2.345 12.314 6,5C ioj Total 245 30247 S6,159 Net galnslllosses) on Investments {3.6221 I1￿19) 15,1411 74,402 NET INCOME/IW(PENDITUREI 333 18551 102,816 RECONauATION OF FUNDS Total funds brought forward I4￿,701 2,377,885 TOTAL FUNDS CARRIED FORWARD 2A79.525 33.634 1513,159 2,480.701 The Th)tesfom) part ofth* finanaal 5taternei Page 5 rHF CHARIIY CAIII D Hth•40SWOR TH C?HAMMA¥I SCP4001 BAIAN(15HIIT 31 Kt4RCH 2025 2025 Uhre51¥icled Iiinth Rpsiiicied lunds Ivnds Ivnds Noii FIXf D ASSET5 Tangibly Assets Invcslmcnis 1.230.366 1,215.910 1.230,166 l.2J16.988 31.078 2.446.176 311178 77,354 2,46?.PAI CVRRINI A55tTS 35.199 2.556 37.755 19,694 cRED￿oR$ nii'uii4S 1.lilinK duo wirhir* on¢ year 11.9SOI 11.8601 NET CURRENT ASSETS 33,249 2.556 35,80S 17,834 TofAI ASSETS LESS CURRENT LIABILMES 2A79.525 33.614 2.513.159 2.480,701 NET ASSETS ZA79,525 33.634 1513.159 2.480,701 FUNDS VnrcstPicti,d funds 2.479.525 33,634 2,446.212 34.489 TOTAL FUNDS 1513.159 ?,480.701 Thè financial 5laiemenl¢ were approved by the Board ol Tfusiees and auth￿ised lor issue on 12 Novtmber 2025 and weie 518ned on ils bL,ha',f by. rrtr S Yacoob- Trustee The notes loim part 01th￿e lin3ncial Statements Pagl. 6 SCHOOL NOTESTO THE FINANaALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING poL￿E5 BASIS OF PREPARING THÉ FINANCIAL STATEMENTS The financial statements of the charity. vthich is a pubNc benefftt entty under FRS 102. have been prepared In ac￿rdance wlth the Charlties SOAP IFRS 1021 'Accounting and Reporvng by Charltie5= Statement of Recornrnended Practlce appllcable to charrttes preparinB their accounts in accordance with the Financial Repjrting Standard applicable in the UK and Republlc of Ireland (FR5 1021 leffectfve l January 20191.. Financial Rep)rrin8 Standard 102 The Financial Reportin8 Standard applicablÈ in the UK and Republic of Ireland. and the Chantle5 Act 2011. The ftnarfJal statements have L*en prepared under the hSstorlcal cost conventlon, wlth the exce￿(￿ of Investments whth are induded at market value, as modffied by the r￿l￿atIon of certain assets. INCOME All income is recogni5ed in the Statement of FinarKial ACtwrkn￿ onEè the charity has Èntr(lement to the funds, It Is probable thatthe Income vlll be recefved andthe am￿nI can be measured reliabty. EXPÉNDITURE Llablllties are recognised as expendllure as soon as there is a legal or constructfve obl+gatlon commlttlng the charlty to ihar expenditure, ff is probable that a transfer of economic benefits will be required in settlement and the amount of the obligatlon can be measured reliably. Expenditure is accounted lor on an aternals basls and has been clas$4fied under headlngs that aggregate all c05t related to the category. w￿re c05ts cannot be dlre¢ty attributed to partlcular headlngs they have been allocated to actlvttles on a ba￿Scon￿$tent with the use of resources. TANGIBLE FIXED ASSEfs Depreciation 15 provided at followln8 anrwal rates In tydef to writs off eath assèt ovtt its estImat￿ ustful Itte. Freehold property notprO￿ded TAXATION The Char￿ is exemptfromtaxon i￿￿￿rI￿b1e atmies. FUND ACCOUNTING Unrestricted funds can be used In accordancew5th the tharfjiable objec10￿5 at the dtscretlon of the trustees. Restrlrted lund5 can be used for particular restricted purpose5 Within the objects of the charity. Restrictions arise when specified byihe donor orvthen fu*wJs are ratsed forparticular ￿$trICted purpose& Fvrtherexplanation ofthe nature and purpose of e&h fund ￿ Entl￿ed in the notes to the financial statements. INVESTMENTS Investments are stated at closin8 mi&maFkèt val￿ at the balance sheet date. Dividend and Interest [r￿ome i4 whÈn reter¥al￿￿. Pa8e 7 continued... NOTESTO THE HNANaALSTATEMEKfs.wntlrwl FOR THE YEAR ENDED 31 MARCH 2025 2024 Dlvldends and Interest receNed 38371 37.818 TRUSTEES. REMUNEIIATION A140 BENEFITS There were no trustees, remuneration or 1)t￿ beneffts fry the year ended 31 Marth 2025 nor for the year ended 31 March 2024. TRUSTEES, EXPENSES There were no trts5tees' e¥penses paid fOrthe￿ar ended 31 March 2025 tKJrfortheyear ended 31 Marth 2024. TANGIBLE FIXEDAsseTS Freehold property COST At l April 2024 and 31 Marth 2025 1330,366 NEf BOOK VALUE At 31 March 202S L230.366 At 31 March 2024 1,230,366 The propertiesowned bythe Charity are: 11 Land sllvated on Grove La￿, Hwthworth wlth tht ￿Ik11n8$ thereon known a5'Handsworth Grammarschool.. 21 LaTh4 Situated near Romllly Avenue, Hand$wo￿ Woc*J known as'HaThYs*uth Grammar Sth¢yA Playing Fields,. The oTl8lnal cost ofihe property is Mt knvwn and M Wdluatw has been madè. Page 8 continued... THE CHARtTYCALLEO HANDSWORTH GRAMMAR SCHOOL NOTESTOTHE ANANCIAL STATEMENTS. ¢Ob)tlnued FOR THE YEAR ENDED 31 MARCH 2025 XEDAS￿1MvESrmErlrs Listed lftvestments W4RKET VAWE At l April 2024 Additions Diswsals Revalua￿ 1.232,501 453,704 143tk0761 15.1411 At 31 March 2025 1246,988 BOOK VALUE At 31 March 2025 1246,988 At 31 March 2024 L232,501 Analysed as.. Market Valu• 2024 Valu• Cost 2025 UK InvestmentAssets C￿r$eaS InvestmentAssets I￿41.556 Z05A3Z 1,063,595 168.srfj 983,642 165,614 978,880 108,639 Totsl 46388 1,232501 L149.256 1,087,519 No Sndfvldual Investments contrlbuted to more than 5%of overall totsl value. Page 9 continued... THE CHARITYCALLED HANDSWORTH GAAMMAR SCHOOL NOTESTO THE FINANaALSTATEMENTS. ¢onthl￿d FOR THEYEAR ENDED 31 WIRCH 2025 CREDtroRS: AMOUPITS FALLING DUEWtTrllN ONE YEAR 2024 Accruedexpense5 1.9SO 1,860 MOVEMENT IN FLIIIDS Net movement in hJnds Transfefs At 31.3.25 At 1.4.24 funds Unr*strl¢t¢d funds flevenue reserve Capital lo.a21 U35A91 36.935 13.622) 1292011 29201 1&055 2A6L470 1446212 33.313 2N79,525 Aestrl¢tsd funds Prize capitsl Prize Income Per(v Cox capitsl Percy Ctsx income 16291 11,817 914 19.262 1,641 675 62 1,216 33.634 TOTAL FUNOS ,7Qi 32A58 I￿13,159 Net movernent in funds. indudÈd in the above areas ft￿loWS.. IrKomln8 G•ins and 10$5es Movement In funds eypended Unrestfkled funds Revenue reserye Capltal 6fi937 1301￿) 36,935 13,6221 13,6221 66,937 13,6221 33.313 Restrlrted fund5 Prize capital Prize income Percy Cox capital 239 IL6(KJI Perty CDX income 11.5191 18551 TOTAL FUNDS 67A46 1302471 15.1411 Page 10 continued... THE CHARITY CALLED HANDSWORTh GIiAV•I SCHOOL NOTESTOTHE RNANCIAL sfATEMENTS.aJnknued FOR THE YEAR ENDED 31 MARCH 2025 MOVEM￿ IN FUNDS. continued C¥ capital Percy Cox Income 11.376 445 18,479 12,364 675 20,234 1,216 230 1.755 31.107 3.382 34.489 TOTAL FUNDS L377,885 102,816 2,480,701 Compafative net movement in lunds, incI￿￿ed inthe atrThe #r¢ asfolky•th' Incomir4% Resources eNpended Galn53nd losses Movernent In funds Unrestrkiedlunds Revenue reseNe Capltal 83,702 155,9271 27,775 71.659 71.659 83.702 155.9271 71,659 99,434 Aestr1(ted fvnd5 Prize capital Pr*￿ income Pew Cox capital Perry Cox irtome 312 230 1,755 L755 559 11501 871 12321 2,743 3,382 TOTAL FUNDS 84.573 156.1591 74.402 102.816 Pa8e 11 contin￿ed... NOTESTOTHE FINANaAL ￿ATEmENTs.£Onl1rn FOR THE YEAR ENDED 31 MARCH 2025 MOVEMEMf IN FUNDS. contlNed A current year 12 months aNI P￿1 year 12 month5 combined p0S￿On t5 asfollows". Net movement in fvnds Tfan5fers be￿een fund5 At 31.3.25 At 1.4.23 Unrestrfcted lunds Revenue ￿serve Capltal 11,417 2.335.361 64,710 68.037 158.0721 58.072 18.055 2.461,470 2.346.778 132.747 2.479.525 Re5trlctedfvrKIs Prlze capltal Prize income Perry Cox capitsl Percy Cox irKome 11376 445 18.479 L070 469 155 833 IIA17 914 19,262 1,641 628 3L107 2.S27 33.634 TOTAL FUNDS 2.377.885 135.274 2,513,159 Acurrent yeai 12 morths and prior year 12 monthscom￿r￿l I￿t movement in funds i￿luded In the above are as follows.. I￿omIng Galnsand Movement In funds expended Unr•strfd￿ funds Revenue reserve Capital 150.639 185,9291 64.710 68.037 68.037 150.639 185.9291 68,037 Restdtted fund5 Prize tapitsl Priie in¢ome Percy Cox capital Percy Cox income 132,747 1,070 1,070 469 155 833 639 11701 155 1.141 13071 1.7 14771 1.224 2,527 TOTAL FUNDS 152.419 186.4f*l 69,261 135,274 UNIIESTrICTEP FUNPS 11 Capital represe1￿the original end¢)wment adjusted ftr addr(ions and disposalseath year. Page 12 Ctsntinued... ThE CHARITYCALLED HAND5WORTh GRAMMAR SCHOOL NOTESTO THE FINANCIAL STATEMENTS.wntN)ued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS.tO*￿lrt￿d 21 Revenue reserve represents the accumulated Ir￿￿e and reirNestments avallablefor the general purpose5 of the Charity. 31 Prizes Icapitall r*pre5ents the investmertsto pmide income for certain 5dwl wze 41 Prizes lincomel represents the xcumulated income not yet required by the sthool for the purchase of certain scholars prfzes. Sl Percy Cox (Cap￿81) rep￿sents the In¥eMments provlded by ihe late Cox to be used for contrlbutlons to the School for scholats VIS￿$. 61 Percy Cox Ilncomel representsthe accumulated Irrtome not yet used for the speclfled wrposes. RELATED PARTY DIXLOSURES There were related parties in the year. ULTIPMTE COffftOLLING PARTY The charity is conlTc4led bythe trustee Pa8e 13