|||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|