2022-07-31-accounts

		Page
Report ofthe Trustees		I to 4
Report ofthe Independent Auditors		5 to 7
Statement ofFinanera	1Activities
Balance Sheet		9 to 10
Notes to the Financial	Statements	11to 17
Detailed Statement of	Financial Activities 2021

						2022	2021
				Unrestricted	Restricted	Total funds	Total funds
				funds	funds
			Notes	I
INCOME FROM:
Donations				111,226		111,226	113,685
Investments				47,648	14,691	62,339	60,041
Total income				158,874	14,691	173,565	173,726
EXPENDITURE ON:
Investment management		costs		10,013	3,153	13,166	13,300
Charitable activities				230,692		230,692	559,495
Total expenditure				240,705	3,153	243,858	572,795
Net gains/losses on investments				(106,249)	(27,976)	(134,225)	491,531
NKT INCOME				(188,080)	(16,438)	(204,518)	92,462
RECONCILIATION	OF	FUNDS
Total funds brought	forward			1,913,976	922,304	2.836,280	2,743,818
TOTAL FUNDS CARRIED FORWARD				1,725,896	905,866	2,631,762	2,836,280

AT 31STJULY 20	22
					2022	2021
					Total funds	Totalfunds
			Notes
FIXED ASSETS
Investments					2,521,726	2,817277
CURRENT ASSETS
Debtors			12		48,777	4,550
Cash at bank					67,599	64,247
					116,376	68,797
CREDITORS
Amounts fallingdue	within	one year	13		(6,340)	(49,794)
NET CURRENT ASSETS					110,036	19,003
TOTAL ASSETS	LESSCURRENT
LIABILITIES					2,631,762	2,836,280
NET ASSETS					62,631,762	62,836,280
FUNDS				14
Unrestricted funds					1,725,896	1,913,976
Restricted funds
Chipp fund					730,026	746,464
Griffith					175,840	175,840
					905,866	922,304
TOTAL FUNDS					62,631,762	f2,836,280

4.	DONA TIONS	DONA TIONS	DONA TIONS
								2022	2021
						Unrestricted	Restricted	Total	Total
						funds	Funds	Funds	Funds
	Loan repayments
	Parental and		other donations			111,226		1~II 226	113,865
						111,226		111326	113,865
5.	INVESTMENT			INCOME
								2022	2021
						Unrestricted	Restricted	Total	Total
						Funds	Funds	Funds	Funds
							I
	Dividends	from investments				47,611	14,691	62,302	60,024
	Deposit account			interest		37		37	17
						47,648	14,691	62,339	60,041
6.	INVESTMENT			MANAGEMENT	COSTS
								2022	2021
						Unrestricted	Restricted	Total	Total
						Funds	funds	Funds	Funds
						6		6
	Pottfogo management					10,013	3,153	13,166	13,300
7.	CHARITABLE			ACTIVITIES COSTS
								Direct costs	Totals
									f
	Education	grants						199,746	199,746
	LAET grants							25,442	25,442
	Schoolequipment
	Governance		costs (note 8)					5,504	5,504
								230,692	230,692

					2022	2021
			Umestricted	Restricted	Total	Total
			funds	funds	Funds	Funds
				f.	f
Accountancy			3,300		3,300	3,180
Administrative		cost	104		104	103
Auditors'	remuneration		~2100		2,040	2,040
			5,504		5,504	5,323
NET INCOME
Net income is stated after charging/(crediting):
					2022	2021
					f
Auditors'	remuneration				2,100	2,040

	Listed
	investments
	f
MARKET VAI UE
At 1st August 2021	2,817,277
Additions	169,320
Disposals	(302,387)
Revaluations	~162,404)
At 31stJuly 2022	2,521,726
NET BOOK VALUE
At 31stJuly 2022	2,521,726
At 31stJuly 2021	2,817,277

										Unrestricted	Unrestricted		Restricted	Restricted		Restricted	Restricted
Listed investments						Total		funds		funds			funds			funds
																Griffith
										General fund f		Chipp Bequest				Bequest
Market value	at	beginning		of	the year		2,817,277			2,160,895			656,382
Acquisitions	at cost						169,320				87,425		81,895
Disposal cost Net unrealised	at carrying value gains/(losses) on revaluation					(302,387) ~)62,484)			(225,605) ~)27,060			(76,782) ~35, 4)
Market value	at	end ofyear					2,521,726			1,895,655			626,071
Cost at year end							2,116,721			1	563.209		3,512
DEBTORS:	AMOUNTS			FALI ING DUE		WITHIN		ONE	YEAR
															2022		2021
															f		f
Highgate School														47,777
Tax															1,000		4,550
														48,777			4,550
Loans made tostudents are				exp ensed as charitable			expenditure			in the	year in which they			are made		and subsequent
loan repayments			are recognised as voluntary			income		in the year in which they				are received.
During the year		student loans			offNil were made		to students		which,		as per the	a	ccounting		policy, were treated a
a non-recoverable			expenditure.
CREDITORS:		AMOUNTS			FALLING DUE WITHIN ONE YEAR
															2022		2021
																	f
Accruats															6,340		47,794
MOVEMENT		IN FUNDS
										Net	movement		Transfers
							At 1.8.21				in funds		between		funds	At	31.7.22
															f.		f.
Unrestricted	funds
General fund							1,913,976			~)88,080						1,725,896
Restricted funds
Ch)pp fund								746,464			(16,438)						730,026
Griffith								175,840									175,840
								922,304			(16,438)						905,866
TOTAL FUNDS							2,836,280				204,518					2,631,762

Prior ye	ar:-
			At 1.8.20 Net movement		Transfer	At 31.7.21
				in funds	between funds
				6	I
Unrestricted		funds
General	fund		1,921,561	(7,585)		1,913,976
Restricted		funds
Chipp fund			646,417	100,047		746,464
Griffith			175,840			175,840
			822,257	100,047
						922,304
TOTAL	FUNDS		2,743,818	92,462		2,836,280

	Chipp	Griffith
	6
At beginning ofyear	73,908	69,396
Movement m year	11,538
At end ofyear	85,466	69,396

SYSIS O	F NET	ASSETS BETWEEN F	UNDS
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
					8
Investments			1,895,655	626,071	2,521,726
Current assets			(163,419)	279,795	116,376
Creditors	less than	1 year	(6,340)		(6,340)
Net assets			1,725,896	905,866	2,631,762

						2021	2020
				Unrestricted	Restricted	Total funds	Total funds
				funds	funds
			Notes	I	8
INCOME FROM:
Donations Investments				113,685 46,455	13,586	113,685 60,041	106,375 ~68 601
Total income				160,140	13,586	173,726	174,976
EXPENDITURE ON:
Investment management		costs		10,370	2,930	13,300	12,635
Charitable activities				559,495		559,495	340,728
Total expenditure				569,865	2,930	572,795	353,363
Net gains/losses on	investments			402,140	89,391	491,531	(134,481)
NET INCOME				(7,585)	100,047	92,462	(312,868)
RECONCILIATION	OF	FUNDS
Total funds brought	forward			1,921,561	822,257	2,743,818	3,056,686
TOTAL FUNDS CARRIED FORWARD				L9131976	922,304	2,836,280	2,743,818