**Draft Financial Statements at 10 November 2021 at 14:08:20** **Charity Registration No. 306386** # **OLIVER WHITBY EDUCATIONAL FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** # **FOR THE YEAR ENDED 31 AUGUST 2021** **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Governors** Nigel Hanbury Sarah Hammett Emma Goad Janet Beveridge Anne Scicluna Bernard Adkins **Clerk/Secretary** David McCahearty **Charity number** 306386 **Principal address** 11 Brigham Place Felpham Bognor Regis West Sussex PO22 7NW **Independent examiner** Claire Norwood BSc FCA ATII Jones Avens Limited Piper House 4 Dukes Court Bognor Road Chichester West Sussex PO19 8FX **Bankers** Barclays Bank plc 97 High Street Selsey West Sussex PO20 0QN **Investment advisors** Investec Bank (UK) Limited 2 Gresham Street London EC2V 7QP **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **CONTENTS** ||**Page**| |---|---| |Governors' report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 14| **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **GOVERNORS' REPORT** ## _**FOR THE YEAR ENDED 31 AUGUST 2021**_ The Governors present their annual report and financial statements for the year ended 31 August 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Foundation's Trust Deed sealed 17 October 1951 , the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". ## **Objectives and activities** Two students were sponsored during the year. ## **Achievements and performance** Two students were sponsored during the year with a total of £23,924 (2020 £13,588) being given in grants. The Foundation has continued to reinvest its remaining income in order to allow the pursuance of stated objectives as future suitable candidates become available. ## **Financial review** The Foundation's reserve policy is that all funds which have not been designated/restricted for a specific use (there are presently no such funds) should be maintained at a level equivalent to at least one year's expenditure. The governors consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The reserves held at the balance sheet date are £2,311,267 (2020 - £2,010,347). The Foundation's investment policy is to provide a balanced return between capital and income with a minimum risk profile. The Governors have assessed the major risks to which the Foundation is exposed, and are satisfied that systems are in place to mitigate exposure thereto. ## **Structure, governance and management** The Oliver Whitby Educational Foundation is a registered charity (charity number 306386). The object of the Charity is to grant scholarships or awards for the benefit of qualified students , whose parents are members of the Church of England, are in need of financial assistance and who are or have been for not less than two years bona fide residents of Chichester or Midhurst (preference being given to students resident in the City of Chichester or in the parishes of Harting or West Wittering), to assist in their education or training at Christ's Hospital, or any other school where religious instruction is given according to the doctrines of the Church of England, or at any university or other place of learning, or to enable them to prepare for, or assist their entry into, some profession, trade or calling, and for that purpose may provide them with outfits, clothing, tools, instruments or books. The Governors who served during the year and up to the date of signature of the financial statements were: Nigel Hanbury Sarah Hammett Emma Goad Janet Beveridge Anne Scicluna Bernard Adkins - 1 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **GOVERNORS' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2021**_ The Governing Body of the Foundation shall consist of eight persons, that is to say: FIVE Foundation Governors, who shall be members of the Church of England, to be appointed by resolution of the Governors; and THREE Representative Governors,who shall be members of the Church of England, to be appointed: One by the Chichester Diocesan Education Committee, One by the West Sussex County Council, and One by the Chichester City Council The Governors meet formally at least twice in each year. In addition, Sub Committees of the Governors meet to consider specific matters or ad hoc tasks as they may arise. The trustees have paid due regard to the guidance issued by the Charity Commission in deciding what activities the charity should undertake. There are no Charities related to the Foundation. The Governors' r eport was approved by the Board of Governors. .............................. Nigel Hanbury **Governor** Date: ............................................. - 2 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT TO THE GOVERNORS OF OLIVER WHITBY EDUCATIONAL FOUNDATION** I report to the Governors on my examination of the financial statements of Oliver Whitby Educational Foundation (the Foundation) for the year ended 31 August 2021. ## **Responsibilities and basis of report** As the Governors of the Foundation you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Foundation’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the Foundation as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **Claire Norwood BSc FCA ATII** Jones Avens Limited Piper House 4 Dukes Court Bognor Road Chichester West Sussex PO19 8FX Dated: ......................... - 3 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|
**funds**| |||**2021**|
**2020**| ||**Notes**|
**£**|
**£**| |**Income and endowments from:**|||| |Donations and legacies|**3**|-|
2,000| |Investments|**4**|31,252|
37,692| |Other income|**5**|26|
-| |**Total income**||31,278|
39,692| |**Expenditure on:**|||| |Raising funds|**6**|17,084|
16,546| |Charitable activities|**7**|30,672|
20,264| |**Total resources expended**||47,756|
36,810| |Net gains/(losses) on investments|**12**|317,398|
(12,113)| |**Net movement in funds**||300,920|
(9,231)| |Fund balances at 1 September 2020||2,010,347|
2,019,578| |**Fund balances at 31 August 2021**||2,311,267|
2,010,347| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **BALANCE SHEET** ## _**AS AT 31 AUGUST 2021**_ |**Notes**
**Fixed assets**
Investments
**13**
**Current assets**
Debtors
**15**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**16**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2021**
**£**
**£**
2,277,698
-
33,644
33,644
(75)
33,569
2,311,267
2,311,267
2,311,267|**2020**
**£**
**£**
1,976,139
2,000
37,746
39,746
(5,538)
34,208
2,010,347
2,010,347
2,010,347| |---|---|---| The financial statements were approved by the Governors on ......................... .............................. Nigel Hanbury **Trustee** - 5 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **1 Accounting policies** ## **Charity information** Oliver Whitby Educational Foundation is an unincorporated charity registered in England and Wales (number 306386). ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Foundation's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Foundation is a Public Benefit Entity as defined by FRS 102. The Foundation has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling , which is the functional currency of the Foundation . Monetary a mounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the Governors have a reasonable expectation that the Foundation has adequate resources to continue in operational existence for the foreseeable future. Thus the Governors continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Governors in furtherance of their charitable objectives. ## **1.4 Income** Investment income (including associated tax credits) is credited to the Statement of Financial Activities when receivable. The amounts relating to funds held for restricted purposes are subsequently transferred to these funds, although no such funds arose in the year. Legacies are recognised on receipt or otherwise if the Foundation has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1.5 Expenditure** Grants payable are debited to expenditure within the Statement of Financial Activities in the period to which they relate or when there is an obligation by the charity to pay the grant. - 6 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **1 Accounting policies** ## **(Continued)** ## **1.6 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred. ## **1.7 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.8 Financial instruments** The Foundation has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Foundation 's balance sheet when the Foundation becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. ## **1.9 Fund Accounting** The Foundation's reserves consist of unrestricted funds which may be used for any purpose at it's discretion. ## **2 Critical accounting estimates and judgements** In the application of the Foundation’s accounting policies, the Governors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 7 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **3 Donations and legacies** |**4**
**5**
**6**|**Total**Unrestricted
funds
**2021**
2020
**£**
£
Legacies receivable
-
2,000
**Investments**
**Unrestricted**Unrestricted
**funds**
funds
**2021**
2020
**£**
£
Income from listed investments
31,245
37,676
Interest receivable
7
16
31,252
37,692
**Other income**
**Unrestricted**
Total
**funds**
**2021**
2020
**£**
£
Other income
26
-
**Raising funds**
**Unrestricted**Unrestricted
**funds**
funds
**2021**
2020
**£**
£
Investment management
17,084
16,546
17,084
16,546| |---|---| - 8 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **7 Charitable activities** ||**Educational**|**Educational**| |---|---|---| ||**scholarships**|**scholarships**| ||**2021**|**2020**| ||**£**|**£**| |Clerk's salary|4,000|4,000| |Clerk's travel|200|200| |Typing|160|160| |Postage and stationary|300|300| ||4,660|4,660| |Grant funding of activities (see note 8)|23,924|13,588| |Share of governance costs (see note 9)|2,088|2,016| ||30,672|20,264| ## **8 Grants payable** |Grants to individuals
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Independent
examination fees
-
2,088
-
2,088
Analysed between
Charitable activities
-
2,088|**Educational**
**scholarships**
Educational
scholarships
**2021**
2020
**£**
£
23,924
13,588
23,924
13,588
**2021**
Support
costs
Governance
costs
2020
**£**
£
£
£
2,088
-
2,016
2,016
2,088
-
2,016
2,016
2,088
-
2,016
2,016| |---|---| ## **9 Support costs** - 9 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **10 Governors** None of the Governors (or any persons connected with them) received any remuneration or benefits from the Foundation during the year. ## **11 Employees** The average monthly number of employees during the year was: ||**2021**|**2020**| |---|---|---| ||**Number**|**Number**| |Total|-|-| There were no employees whose annual remuneration was more than £60,000. ## **12 Net gains/(losses) on investments** |||**Unrestricted**|Unrestricted| |---|---|---|---| |||**funds**|funds| |||**2021**|2020| |||**£**|£| |Revaluation of investments||298,580|43,652| |Gain/(loss) on sale of investments||18,818|(55,765)| |||317,398|(12,113)| |**Fixed asset investments**|||| ||**Listed**|**Cash at**|**Total**| ||**investments**|**investment**|| |||**managers**|| ||**£**|**£**|**£**| |**Cost or valuation**|||| |At 1 September 2020|1,897,516|78,623|1,976,139| |Additions|168,468|-|168,468| |Valuation changes|298,580|-|298,580| |Transfer from listed investments|-|12,372|12,372| |Disposals|(177,861)|-|(177,861)| |At 31 August 2021|2,186,703|90,995|2,277,698| |**Carrying amount**|||| |At 31 August 2021|2,186,703|90,995|2,277,698| |At 31 August 2020|1,897,516|78,623|1,976,139| ## **13 Fixed asset investments** - 10 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **13 Fixed asset investments** **(Continued)** ## **Fixed asset investments revalued** Fixed asset investments are managed by Investec Wealth & Investment. The historic costs of these investments are as follows: Listed investments £1,590,346 (2020: £1,552,122) & Cash at investment managers £90,995 (2020: £78,623). |**14**
**Financial instruments**
**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
**15**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**16**
**Creditors: amounts falling due within one year**
Other creditors|**2021**
**£**
2,186,703
**2021**
**£**
-
**2021**
**£**
75|**2020**
**£**
1,976,139
**2020**
**£**
2,000
**2020**
**£**
5,538| |---|---|---| - 11 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **17 Schedule of Investment Income** |Aberdeen Std Fd Mg ASI Gbl Infltlkd Bd Instl S
Aberdeen Std Fd Mg ASI Sht Dur Gbl Infltlkd Bd
Allianz Gbl Inv UK Gilt Yield I Inc Nav
Anglo American USD0.54945
Assura Plc Ordinary Shares
BMO Commercial Pro
Bunzl Ord GBP0.32142857
Burberry Group Ord GBP0.0005
Croda Intl Ord GBP0.10609756
Derwent London Ord GBP0.05
Diageo Ordinary Shares
Experian Ord USD0.10
Fidelity Inv Svcs UK Money Builder Income
Fundsmith LLP Equity I Inc Nav
Greencoat UK Wind Ord GBP0.01
Halma Ordinary 10p
HSBC Holdings PLC US $0.50 Ordinary Shares
INT Public Partner Ord GBP0.0001
Invesco Fd Mngrs Corporate Bond UK
Ishares S&P
Ishares GBP Corp Bd 0-5 Ucits Etf G
London Stock Exchange
Man Fd Mgmt Uk Ltd GLG Underval Ast Prof D
Polar Capital Fund Global Insurance E GBP Dis
Prudential GBP0.05
Relx Plc GBP0.1444
Rio Tinto PLC 10p Registered Ordinary Shares
Royal London Utm Sterl Credt Instl Inc Z GBP
Sage Group GBP0.01051948
Schroder Inv Mgmt Asian Total Return C Inc Nav
Schroders Non Vtg Ord GBP1
Schroders, Vtg Shs GBP1
Scot Mort Inv Tst Ord GBP0.05
UK Commercial Prop Ord GBP 0.25
Unilever PLC .031111 Ordinary Shares
Vanguard Fund Plc FTSE Japan Equity Ucits GBP
Vanguard Funds Plc S&P 500 USD
Worldwide Healthcare Ord GBP0.25|**2021**
**£**
517
71
501
271
1,839
90
755
650
173
473
497
349
1,804
224
2,199
308
352
1,667
2,339
1,188
1,107
215
861
732
251
536
1,960
2,139
542
748
301
474
202
1,929
790
744
1,250
197
31,245| |---|---| - 12 - **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ |**18**
**Schedule of Investments**
**Units Market Value**
**£**
Aberdeen Std Fd Mg ASI Gbl Infltlkd Bd Instl S
66,470
42,767
Aberdeen Std Fd Mg ASI Sht Dur Gbl Infltlkd Bd
74,115
40,252
Aberforth UT Mgt UK Small Companies Acc
135
45,621
Allianz Global Investors UK Gilt Yield I Inc Nav
28,150
57,648
Anglo American USD0.54945
525
16,114
Aspects Ucits Funds Plc Diversified Trends P Instl
455
56,370
Assura Plc Ord 10p
64,079
50,574
AXA Investment Man Framlington UK Mid Cap
44,725
64,046
Blackrock Fund Mgrs Ltd European Dynamic Fd Inc
16,270
48,932
Brown Advisory Fds US Sustainable Growth
8,199
117,085
Bunzl Ord GBP0.32142857
840
22,126
Burberry Group Ord GBP 0.0005
1,530
28,431
Compass Group Ord GBP0.1105
1,360
20,403
Croda Intl Ord GBP0.10609756
335
30,642
Derwent London Ord GBP0.05
635
24,082
Diageo Ord GBX 28.935185
705
24,631
Experian Ord USD0.10
1,020
32,676
Fidelity Inv Svcs UK Money Builder Income
54,000
56,214
Fundsmith LLP Equity I Inc Nav
14,800
88,436
Gemcap Investment Ahfm Defined Returns B GPB
41,100
69,274
Greencoat UK Wind Ord GPB0.01
30,790
39,965
Halma Ord 10p
845
25,380
HSBC Holdings plc US$0.50 (75p) Ordinary
3,258
12,581
Hermes Investment Global Emerging Markets J G Sett
26,625
48,455
INT Public Partner Ord GBP0.0001
22,640
39,167
Invesco Fd Mngrs Corporate Bond UK
41,300
84,777
Ishares, S&P 500 NAV
3,375
110,776
Ishares GBP Corp Bd 0-5 Ucits Etf G
580
62,115
Jupiter UT Mngrs UK Spec Situations I GBP (now X GBP)
58,919
60,292
London Stock Exchange Ord GBP 0.06918604
230
18,301
Man GLG Underval Ast Prof D Inc Nav
56,335
80,559
Neuberger Ber Inv Uncorrelated Strategies I2
4,160
43,139
Polar Capital Funds Global Insurance E GBP Dis
8,230
51,317
Prudential GBP0.05
2,115
32,037
Relx Plc GBP0.1444
1,140
24,869
Rio Tinto plc 10p Registered Ordinary
480
25,836
Royal London Utm Sterl Credt Instl Inc Z GBP
43,000
63,210
Sage Group GBP0.01051948
3,120
23,160
Schroder Inv Mgmt Asian Total Return C Inc Nav
94
44,319
Schroders, Vtg Shs GBP1
600
22,674
Schroder Unit Trusts European L Acc Nav
34,460
36,872
Scot Mort Inv Tst Ord GBP0.05
5,020
68,699
UK Commercial Prop Ord GBP 0.25
70,439
55,964
Unilever PLC ORD GBP0.031111
530
21,445
Vanguard Funds FTSE Japan Equity GBP
1,650
43,440
Vanguard Funds Plc S&P 500 USD
1,235
77,221
WorldWide Healthcare ORD GBPO .25
895
33,809
2,186,703|**Cost**
**£**
39,712
39,026
43,937
51,575
15,010
55,204
35,643
51,256
24,021
63,634
19,103
23,362
21,885
21,024
11,533
6,548
19,004
55,859
51,488
54,682
36,784
5,059
11,298
35,953
36,487
83,288
24,989
62,172
59,799
2,224
62,350
43,673
30,386
25,550
19,078
5,467
62,100
21,274
33,223
20,476
29,158
30,829
47,428
9,660
35,108
48,185
4,842
1,590,346| |---|---| - 13 - # **Draft Financial Statements at 10 November 2021 at 14:08:20 OLIVER WHITBY EDUCATIONAL FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **19 Related party transactions** There were no disclosable related party transactions during the year (2020 - none) . - 14 -