##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Notes|Endowment|Restricted|Unrestricted|||
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Fund|2023|2022|
|INCOME AND ENDOWMENTS||||E|E|f|E|E|
|FROM|||||||||
|Donations
and Legacies||||1,588,015|1,709,181|21,720|3,318,916|2,904,571|
|Investments|||||392,743|9,497|402,240|309,584|
|Total||||1,588,015|2,101,924|31,217|3,721,156|3,214,155|
|EXPENDITURE ON|||||||||
|Raising funds:|||||||||
|Investment
management|costs|||83,866|16,512|3,121|103,499|91,784|
|Charitable
activities:|||||||||
|Scholarships,
bursaries|and|prizes|||818,013|19,853|837,866|651,723|
|Facilities at Stowe School|||||307,645|8,509|316,154|1,581,108|
|Total||||83,866|1,142,170|31,483|1,257,519|2,324,615|
|Net Income/(Expenditure)||before||1,504,149|959,754|(266)|2,463,637|889,540|
|Gains/(Losses)
on investments|||||||||
|Net (Losses)/Gain
on investments|||6|(134,732)|137,882|69,500|72,650|(857,421)|
|Net Income||||1,369,417|1,097,636|69,234|2,536,287|32,119|
|Transfers
between
funds|||||||||
|Net movement
in funds||||1,369,417|1,097,636|69,234|2,536,287|32,119|
|Reconciliation offunds|||||||||
|Fund balances brought
forward||||15,209,214|8,548,151|3,236,246|26,993,611|26,961,492|
|Fund balances carried forward|||9-12|16,578,631|9,645,787|3,305,480|29,529,898|26,993,611|
##
|||||Notes|2023|2022|
|---|---|---|---|---|---|---|
||||||E|E|
|Fixed assets|||||||
|Investments|and cash awaiting||investment||28,404,886|26,339,374|
|Current Assets|||||||
|Debtors|||||168,772|33,746|
|Cash at bank|||||973,544|638,985|
|Creditors".Amounts||falling due|within 1year||(17,304)|(18,494)|
|Net current assets|||||1,125,012|654,237|
|Total assets|less current liabilities||||29,529,898|26,993,611|
|NET ASSETS|||||29,529,898|26,993,611|
|Accumulated|funds:||||||
|Endowment|Fund|||10|16,578,631|15,209,214|
|Restricted
Fund||||11|9,645,787|8,548,151|
|Unrestricted|Fund|||12|3,305,480|3,236,246|
|TOTAL FUNDS|||||29,529,898|26,993,611|
##
||||Total Funds|Prior Year|
|---|---|---|---|---|
|||Note|2023|2022|
|||||f|
|Net cash provided
by operating
activities||14|337,166|(1,034,708)|
|Cash flows frominvesting
activities:|||||
|interest and Dividends|||402,240|309,584|
|Proceeds from sale of investments|||4,388,834|3,824,207|
|Purchase ofinvestments|||(6,777,816)|(6,577,638)|
|increase/(Decrease)
in cash held for|investment||361,441|1,865,499|
|Income (not reinvested)/reinvested|||34,679|17,771|
|Net cash provided
by investing
activities|||(1,590,622)|(560,577)|
|Cash flows from financing
activities:|||||
|Receipt ofendowment|||1,588,015|1,615,081|
|Net cash provided
by financing
activities|||1,588,015|1,615,081|
|Change
in cash and cash equivalents|in the year||334,559|19,796|
|Cash and cash equivalents
brought forward|||638,985|619,189|
|Cash and cash equivalents
carried forward|||973,544|638,985|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|2023|
|---|---|---|---|---|---|
|||Restricted|Funds|Fund|Total|
||Scholarship,|||||
||Bursary and|||||
||Prize Funds|Facilities|Fund|||
|Dividends|318,710||13,438|7,555|339,703|
|Interest received|57,141||3,454|1,942|62,537|
||375,851||16,892|9,497|402,240|
|||||Unrestricted|2022|
|||Restricted|Funds|Fund|Total|
||Scholarship,|||||
||Bursary and|||||
||Prize Funds|Facilities|Fund|||
|Dividends|264,550||2,067|1,152|267,769|
|Interest received|40,993||528|294|41,815|
||305,543||2,595|1,446|309,584|
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Investment|management||fees|||103,499|91,784|
|||||||103,499|91,784|
|Analysis of|charitable|expenditure||||||
||||||Support|||
||||||and|||
|||||Grant funded|governance|||
|||||activity|costs|2023|2022|
|||||f|f|f|f|
|Scholarships,|Bursaries|and Prizes||818,013|19,853|837,866|651,723|
|Facilities||||307,645|8,509|316,154|1,581,108|
|||||1,125,658|28,362|1,154,020|2,232,831|
##
##
|||||Support|Support|||
|---|---|---|---|---|---|---|---|
|||||and||||
|||Grant funded||governance||||
|||activity||costs||2022|2021|
||||f||f|f|f|
|Scholarships,
Bursaries and Prizes||635,324||16,399||651,723|307,335|
|Facilities||1,574,080||7,028||1,581,108|263,320|
|||2,209,404||23,427||2,232,831|570,655|
|Support
and governance|costs are|broken down as follows:||||||
|||||||2023|2022|
|||||||f|f|
|Governance
costs||||||8,640|7,800|
|Other support costs||||||19,722|15,627|
|||||||28,362|23,427|
|Governance
costs comprise
an audit fee off8,640(2022:f7,800)||||and Trustee|expenses of nil (2022:||nil).|
|Investments||||||||
|Movement
in fixed asset|listed investments|||||2023|2022|
|||||||f|f|
|Market value brought
forward||||||26,339,374|26,326,634|
|Purchase ofinvestments||||||6,777,816|6,577,638|
|Proceeds from disposal ofinvestments||||||(4,388,834)|(3,824,207)|
|Net movement
on cash balances (decrease)||||||(361,441)|(1,865,499)|
|in cash held for investment||||||||
|Net investment
market value increase/(decrease)||||||72,650|(857,421)|
|Income (not re-invested)||||||(34,679)|(17,771)|
|Market value at 31July||||||28,404,886|26,339,374|
|Investments
comprise:||||||||
|Quoted investments
and unit trusts||||||16,749,121|15,260,167|
|Cash instruments
and cash|awaiting|investment||||11,655,765|11,079,207|
|||||||28,404,886|26,339,374|
|Historical
value at 31July||||||25,740,915|22,856,926|
|Investments
comprise:||||||||
|Quoted investments
and unit trusts||||||14,678,849|13,209,054|
|Cash instruments
and cash|awaiting|investment||||11,062,066|9,647,872|
|||||||25,740,915|22,856,926|
|7|Debtors|||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|E|
||Tax recovery on Gift||Aid donations|168,772|27,330|
||Dividend|Income|||6,416|
|||||168,772|33,746|
|8|Creditors:|Amounts|falling due within one year|||
|||||2023|2022|
|||||E|E|
||Other creditors
and||accruals|17,304|18,494|
|||||17,304|18,494|
|9|Analysis ofNet Assets|||||
|||Scholarship|Facilities|||
|---|---|---|---|---|---|
||Endowment|Restricted|Restricted|Unrestricted|2023|
||Funds|Funds|Funds|Fund|Total|
||E|E|E|E|E|
|Investments|17,065,138|3,410,117|5,118,035|2,811,596|28,404,886|
|Debtors|56,757|64,539|47,181|295|168,772|
|Cash at Bank|(543,264)|152,567|853,348|510,893|973,544|
|Creditors due within 1year||||(17,304)|(17,304)|
||16,578,631|3,627,223|6,018,564|3,305,480|29,529,898|
|||Scholarship|Facilities|||
|---|---|---|---|---|---|
||Endowment|Restricted|Restricted|Unrestricted|2022|
||Funds|Funds|Funds|Fund|Total|
||E|E|E|E|E|
|Investments|15,596,282|3,144,192|4,716,447|2,882,453|26,339,374|
|Debtors|2,238|22,090|9,141|277|33,746|
|Cash at Bank|(389,306)|85,153|571,128|372,010|638,985|
|Creditors due within 1year||||(18,494)|(18,494)|
||15,209,214|3,251,435|5,296,716|3,236,246|26,993,611|
##
##
|Fund|||At 31July||Loss on|||At 31July|
|---|---|---|---|---|---|---|---|---|
||||2022|Donations|Investments|Expenses|Transfers|2023|
||||E||E|E||E|
|Roxburgh
Trust|||1,271,581||(10,671)|(6,643)||1,254,267|
|General Scholarship||Fund|973,304||(8,168)|(5,084)||960,052|
|McElwee|||268,648||(2,255)|(1,403)||264,990|
|Mrs ML Capel-Cure|||243,813||(2,046)|(1,274)||240,493|
|Friends ofStowe|||225,961||(1,896)|(1,180)||222,885|
|Prize Funds - FOS General|||208,865||(1,753)|(1,091)||206,021|
|prizes|||||||||
|War Memorial|||189,090||{1,587)|(988)||186,515|
|John Beamish|||182,281||(1,530)|(952)||179,799|
|Late Thomas Waddell|||162,266||(1,362)|(848)||160,056|
|Robert McDougall|||38,615||(324)|(202)||38,089|
|Myles Henry|||96,984||(814)|(507)||95,663|
|Samurai
Sword Bursary|||79,503||(667)|(415)||78,421|
|John Wilson Memorial|||72,941||(612)|(381)||71,948|
|Maj. Richardson|Haworth||67,255||(564)|(351)||66,340|
|Old Stoic Jubilee|Bursary||55,855||(469)|(292)||55,094|
|Granville
Trust Bursary|||51,759||(434)|(270)||51,055|
|Markland
Bursary|||41,335||(347)|(216)||40,772|
|John David Syrett|||38,690||(325)|(202)||38,163|
|Other Prize Funds|||73,715||(619)|(385)||72,711|
|Funds under scheme||of|4,342,461||(36,443)|(22,684)||4,283,334|
|management|||||||||
|Other Funds:|||||||||
|Bobbie Butlin Scholarship|||348,979||(2,929)|(1,823)||344,227|
|Dr Huggins
Music|Scholarship||346,575||(2,909)|(1,810)||341,856|
|Scott - Ichinose Fund|||300,243||(2,520)|(1,568)||296,155|
|Lewis Bequest
—Music|||189,810||(1,593)|(992)||187,225|
|Lewis Bequest - Roxburgh|||189,810||(1,593)|(992)||187,225|
|Old Stoic|||139,074||(1,167)|(727)||137,180|
|Leavers' Legacies|||477,636||{4,008)|(2,495)||471,133|
|Bursa ries General|||1,123,740|163|(9,431)|(5,870)||1,108,602|
|Stringer Bursary|||1,045,332||(8,773)|(5,461)||1,031,098|
|Max Ausnit Bursary|||358,671||(3,010)|(1,874)||353,787|
|Founder's
Bursary|||240,921||(2,022)|(1,259)||237,640|
|Berry Scholarship|||403,256|100,000|(3,664)|(2,281)||497,311|
|Change 100|||3,928,119|1,355,565|(39,422)|(24,539)||5,219,723|
|Tufton Bursary|||249,632||(2,095)|(1,304)||246,233|
|John Farr Bursary|||241,826|10,000|(2,036)|(1,268)||248,522|
|Patricia Roxburgh|Bursary||447,270|77,977|(3,972)|(2,472)||518,803|
|Jeremy Nichols Bursary|||110,813|39,905|(1,033)|(643)||149,042|
|Other Bursary and|Prize Funds||725,046|4,405|(6,112)|(3,804)||719,535|
|Total Other Funds|||10,866,753|1,588,015|{98,289)|(61,182)||12,295,297|
|Total of Endowment||Fund|15,209,214|1,588,015|(134,732)|(83,866)||16,578,631|
##
##
##
|||At 31July||Investment||Investment|Outgoing|||At 31July|
|---|---|---|---|---|---|---|---|---|---|---|
|||2022|f|Income
f|Donations
f|Movements
f|Resources
f|Expenses
f|Transfers|2023
f|
|Facilities —General||1,474,145||4,279|163,625|31,312|(261,558)|(1,406)||1,410,397|
|Swimming
Pool||232,743||681||4,983||(224)||238,183|
|Security Lodge||9,868||29||211||(9)||10,099|
|Drayson Sports|Hall|402,195||1,202|30,000|8,798||(395)||441,800|
|Classrooms||23,944||70||513||(23)||24,504|
|Choir Stalls for|Chapel|42,163||123||903||(41)||43,148|
|Stowe Putter
Design, Technology 5||22,065
2,900,752||65
9,519|355,300|472
69,657||(21)
(3,129)||22,581
3,332,099|
|Engineering|||||||||||
|Fives Courts||20,452||60||438||(20)||20,930|
|Art School||10,999||27|150|200|(6,875)|(9)||4,492|
|Bells||12,452||36||267||(12)||12,743|
|New Sport pitches||12,593||37||270||(12)||12,888|
|Drayson
lighting||9,382||27||201||(9)||9,601|
|Girls Boarding||7,587||22||162||(7)||7,764|
|Sports Facilities||84,914||595|316,388|4,351||(195)||406,053|
|Chapel||5,303||16||114||(5)||5,428|
|Eyton Art Fund||17,943||50|3,725|367|(21,669)|(16)||400|
|Climate Change|Event|||31|24,525|227|(17,525)|(10)||7,248|
|Other Funds
&f5,000||7,215||23|825|168|(17)|(8)||8,206|
|Total Facilities Funds||5,296,715||16,892|894,538|123,614|(307,644)|(5,551)||6,018,564|
|Scholarship
Funds||1,409,263||375,851|813,993|29,735|(818,014)|(1,336)||1,809,492|
|Scholarship
Funds-||1,842,173|||650|(15,467)||(9,625)||1,817,731|
|Invested|||||||||||
|Total Scholarships||3,251,436||375,851|814,643|14,268|(818,014)|(10,961)||3,627,223|
|Funds|||||||||||
|Total Restricted|Fund|8,548,151||392,743|1,709,181|137,882|(1,125,658)|(16,512)||9,645,787|
##
##
||At 31July|Investment||Investment|Outgoing|||At 31July|
|---|---|---|---|---|---|---|---|---|
||2022|Income|Donations|Movements|Resources|Expenses|Transfers|2023|
||E|E|E|E|f|E|E|E|
|Facilities|||||||||
|Fund|3,236,246|9,497|21,720|69,500|(28,362)|(3,121)||3,305,480|
||At 31July|Investment||Investment|Outgoing|||At 31July|
||2021|Income|Donations|Movements|Resources|Expenses|Transfers|2022|
||E|E|E|E|E|E|E|E|
|Facilities|||||||||
|Fund|3,167,099|1,446|83,859|7,883|(23,427)|(614)||3,236,246|
##
##
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||E|f|
|Net movement
in funds|||||2,536,287|32,119|
|Deduct gift ofendowment|||||(1,588,015)|(1,615,081)|
|Deduct interest income|shown|in investing|activities||(402,240)|(309,584)|
|Add back (losses)/gains|on investments||||(72,650)|857,421|
|(increase)
in debtors|||||(135,026)|(3,378)|
|(Decrease)/increase
in|creditors||||(1,190)|3,795|
|Net cash (used in)/generated||from operating||activities|337,166|(1,034,708)|
|15 Analysis ofchanges|in net debt||||||
|||||At|1August||At 31july|
|---|---|---|---|---|---|---|---|
||||||2022|Cash flows|2023|
||||||f||f|
|Cash|and|cash|equivalents|||||
|Cash|||||638,985|334,559|973,544|
||||||638,985|334,559|973,544|
##
##
||||Notes|Endowment|Restricted|Unrestricted||
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Fund|2022|
|INCOME AND ENDOWMENTS||FROM||f|f|f|f|
|Donations
and Legacies||||1,615,081|1,205,631|83,859|2,904,571|
|Investments|||||308,138|1,446|309,584|
|Total||||1,615,081|1,513,769|85,305|3,214,155|
|EXPENDITURE ON||||||||
|Raising funds:||||||||
|Investment
management|costs|||79,510|11,660|614|91,784|
|Charitable
activities:||||||||
|Scholarships,
bursaries,|and prizes||||635,324|16,399|651,723|
|Facilities at Stowe School|||||1,574,080|7,028|1,581,108|
|Total||||79,510|2,221,064|24,041|2,324,615|
|Net Income/(Expenditure)|before|||1,535,571|(707,295)|61,264|889,540|
|Gains/(Losses)
on investments||||||||
|Net Gains/(Losses)
on investments||||(780,612)|(84,692)|7,883|(857,421)|
|Net Income/(Expenditure)||||754,959|(791,987)|69,147|32,119|
|Transfers
between
funds||||(88,290)|88,290|||
|Net movement
in funds||||666,669|(703„697)|69,147|32,119|
|Reconciliation
offunds||||||||
|Fund balances brought forward||||14,542,545|9,251,848|3,167,099|26,961,492|
|Fund balances carried forward|||9-12|15,209,214|8,548,151|3,236,246|26,993,611|
##
##
|Fund||At 31July||Loss on|||At 31July|
|---|---|---|---|---|---|---|---|
|||2021
f|Donations|Investments
f|Expenses
f|Transfers|2022
f|
|Roxburgh
Trust||1,348,848||(70,124)|(7,143)||1,271,581|
|General Scholarship|Fund|1,032,446||(53,675)|(5,467)||973,304|
|McElwee||284,972||(14,815)|(1,509)||268,648|
|Mrs ML Capel-Cure||258,629||(13,446)|(1,370)||243,813|
|Friends ofStowe||239,691||(12,461)|(1,269)||225,961|
|Prize Funds - FOSGeneral||221,556||(11,518)|(1,173)||208,865|
|prizes||||||||
|War Memorial||200,580||(10,428)|(1,062)||189,090|
|John Beamish||193,357||(10,052)|(1,024)||182,281|
|Late Thomas Waddell||172,126||(8,949)|(911)||162,266|
|Robert McDougall||40,958||(2,129)|(214)||38,615|
|Myles Henry||102,877||(5,348)|(545)||96,984|
|Samurai
Sword Bursary||84,335||(4,385)|(447)||79,503|
|John Wilson Memorial||77,374||(4,023)|(410)||72,941|
|Maj. Richardson
Haworth||71,342||(3,709)|(378)||67,255|
|Old Stoic Jubilee Bursary||59,249||(3,080)|(314)||55,855|
|Granville
Trust Bursary||54,904||(2,854)|(291)||51,759|
|Markland
Bursary||43,847||(2,280)|(232)||41,335|
|John David Syrett||41,041||(2,134)|(217)||38,690|
|Other Prize Funds||78,194||(4,065)|(414)||73,715|
|Funds under scheme|of|4,606,326||(239,475)|(24,390)||4,342,461|
|management||||||||
|Other Funds:||||||||
|Bobbie Butlin Scholarship||370,184||(19,245)|(1,960)||348,979|
|Dr Huggins
Music Scholarship||367,635||(19,113)|(1,947)||346,575|
|Scott - Ichinose Fund||318,488||(16,558)|(1,687)||300,243|
|Lewis Bequest
—Music||201,344||(10,468)|(1,066)||189,810|
|Lewis Bequest
—Roxburgh||201,344||(10,468)|(1,066)||189,810|
|Old Stoic||147,525||(7,670)|(781)||139,074|
|Leavers' Legacies||506,609|50|(26,340)|(2,683)||477,636|
|Bursaries General||1,191,706|313|(61,967)|(6,312)||1,123,740|
|Stringer Bursary||1,108,851||(57,647)|(5,872)||1,045,332|
|Max Ausnit Bursary||317,204|151,113|(19,382)|(1,974)|(88,290)|358,671|
|Founder's
Bursary||255,560||(13,286)|(1,353)||240,921|
|Berry Scholarship||323,203|100,000|(18,103)|(1,844)||403,256|
|Change 100||3,342,693|793,478|(188,818)|(19,234)||3,928,119|
|Tufton Bursary||264,801||(13,767)|(1,402)||249,632|
|John Farr Bursary||256,520||(13,336)|(1,358)||241,826|
|Patricia Roxburgh
Bursary|||449,414|(1,946)|(198)||447,270|
|Jeremy Nichols Bursary|||114,393|(3,249)|(331)||110,813|
|Other Bursary and Prize Funds||762,552|6,320|(39,774)|(4,052)||725,046|
|Total Other Funds||9,936,219|1,615,081|(541,137)|(55,120)|(88,290)|10,866,753|
|Total of Endowment|Fund|14,542,545|1,615,081|(780,612)|(79,510)|(88,290)|15,209,214|
##
##
##
|||At 31July|Investment||Investment|Outgoing|||At 31July|
|---|---|---|---|---|---|---|---|---|---|
|||2021|Income|Donations|Movements|Resources|Expenses|Transfers|2022|
|||f|f|f|f|f|f||f|
|Facilities —General||2,466,887|920|40,419|5,015|(1,029,740)|(391)|(8,965)|1,474,145|
|Swimming
Pool||232,111|105||571||(44)||232,743|
|Science —Building||1,044||(10,009)||||8,965||
|Security Lodge||9,842|||24||(2)||9,868|
|Golf Course||2,350||||(2,349)|(1)|||
|Golf Clubhouse||49,157||||(49,157)||||
|Drayson Sports|Hall|346,230|161|54,997|875||(68)||402,195|
|Classrooms||23,879|11||59||(5)||23,944|
|Choir Stalls for Chapel||42,049|19||103||(8)||42,163|
|Stowe Putter||22,005|10||54||(4)||22,065|
|Design, Technology 8||2,521,497|1,285|371,509|7,006||(545)||2,900,752|
|Engineering||||||||||
|Fives Courts||20,397|9||50||(4)||20,452|
|Art School||10,819|5|150|27||(2)||10,999|
|Bells||12,417|6||31||(2)||12,452|
|New Sport pitches||12,558|6||31||(2)||12,593|
|Drayson
lighting||9,357|4||23||(2)||9,382|
|Girls Boarding||7,566|3||19||(1)||7,587|
|Sports Facilities||84,567|38|117|208||(16)||84,914|
|Chapel||5,289|2||13||(1)||5,303|
|Eyton Art Fund||6,293|4|11,625|23||(2)||17,943|
|Sixth Form Centre||250,005||125,000||(374,983)|||22|
|Climate Change|Event|||116,000||(116,000)||||
|Other Funds
&f5,000||8,400||625|17|(1,851)|||7,193|
|Total Facilities Funds||6,144,719|2,595|710,433|14,149|(1,574,080)|(1,101)||5,296,715|
|Scholarship
Funds||1,153,686|305,543|494,548|2,733|(635,324)|(213)|88,290|1,409,263|
|Scholarship
Funds—||1,953,443||650|(101,574)||(10,346)|—|1,842,173|
|Invested||||||||||
|Total Scholarships||3,107,129|305,543|495,198|(98,841)|(635,324)|(10,559)|88,290|3,251,436|
|Funds||||||||||
|Total Restricted|Fund|9,251,848|308,138|1,205,631|(84,692)|(2,209,404)|(11,660)|88,290|8,548,151|