2022-06-30-accounts

CONTENTS	PAGE
Trustees, officers and advisers	1-2
Annual Report ofthe Trustees	3-7
Independent Auditor's Report	8-10
Statement of Financial Activities	11-12
Balance Sheet	13
Statement ofCashflows	14
Notes to the Financial Statements	15-25

				Unrestricted	Restricted	2022	2021
			Notes	Funds	Funds	Total	Total
				f	f	f	f
Income
Donations, legacies and grants			2b, 3	287,335	728,892	1,016,227	691,806
Investments			2b	832	421	1,253	388
Total income				288,167	729,313	1,017,480	692,194
Expenditure
Costs ofraising funds				124,004		124,004	75,375
Expenditure on charitable		activities:
Donations to Sherborne	School				678,761	678,761	2,067,954
Operational costs				87,278		87,278	100,345
Total expenditure			2c	211,282	678,761	890,043	2,243,674
Net income/(expenditure)		and net movement
in funds before gains and		losses on
investments				76,885	50,552	127,437	(1,551,480)
Net gains/(losses) on investments
Net movement in funds				76,885	50,552	127,437	(1,551,480)
Reconciliation offunds
Total funds brought forward				600,275	118,185	718,460	2,269,940
Total funds carried forward			12 13	677'160	168,737	845,897	718,460

			Unrestricted	Restricted	2021
		Notes	Funds f	Fundsf	Totalf
Income
Donations, legacies and grants		2b, 3	304,635	387,171	691,806
Investments		2b	205	183	388
Total income			304,840	387,354	692,194
Expenditure
Costs of raising funds			75,375		75,375
Expenditure on charitable	activities:
Donations to Sherborne	School		981,147	1,086,807	2,067,954
Operational costs			100,345		100,345
Total expenditure		2c	1,156,867	1,086,&07	2,243,674
Net income/(expenditure)	and net movement
in funds before gains and losses on
investments			(852,027)	(699,453)	(1,551,480)
Net gains/(losses) on investments
Net movement in funds			(852,027)	(699,453)	(1,551,480)
Reconciliation offunds
Total funds brought forward			1,452,302	817,638	2,269,940
Total funds carried forward		12 13	600,275	118,185	718,460

			2022	2021
		Notes	f	f
Fixed assets
Tangible assets		8	780
Investment assets		9	654,741	654,741
			655,521	654,741
Current assets
Debtors		10	71,223	6,302
Cash at bank and in	hand		131,145	65,564
			202,368	71,866
Creditors: amounts	falling due within one year	11	(11,992)	(8,147)
Net current assets			190,376	63,719
Total net assets			845,897	718,460
The funds ofthe charity:
Restricted funds		12	168,737	118,185
Unrestricted funds		12	677,160	600,275
Total charity funds			845,897	718,460

STATEMENT OF CASHF as at 30June 2022		LOWS
					2022	2021
				Notes		f
Cash flows from operating		activities:
Net cash provided by/(used		in)
operating activities				14	66,620	(1,316,099)
Cash flows from investing	activities:
Purchase of property, plant		and equipment			(1,039)
Proceeds from sale of investments						82,000
Net cash provided by/(used		in) investing		activities	(1,039)	82,000
Change in cash and cash equivalents			in the
reporting period					65,581	(1,234,099)
Cash and cash equivalents		at the beginning
ofthe reporting period					65,564	1,299,663
Cash and cash equivalents		at the end	ofthe
reporting period					131,145	65,564
Cash and bank balances					131,145	65,564

										2022	2021
										f	f
Donations
Committed		giving								91,809	67,281
Donations										633,460	254,687
Legacies										35,674	196,269
Grants received										(633)	11,941
Donation		of	services							255,917	161,628
										1,016,227	691,806
Included	within donations				above are total donations			off197,400	from 9Trustees	ofThe Sherborne School
Foundation			(2021:f77,400			from 6Trustees).
Analysis ofexpenditure					on	charitable	activities
									Donations
									to
								Staff	Sherborne	Support
								Costs	School	Costs	Total
								f	f	f	f
Charitable		Activities:
Donation		to	Sherborne	School					678,761		678,761
Operational			costs					41,192		46,086	87,278
Total - year			ended 30June			2022		41,192	678,761	46,086	766,039
									Donations
									to
								Staff	Sherborne	Support
								Costs	School	Costs	Total
								f	f	f	f
Charitable		Activities:
Donation		to	Sherborne	School					2,067,954		2,067,954
Operational			costs					55,525		44,820	100,345
Total - year			ended 30June			2021		55,525	2,067,954	44,820	2,168,299
Net income/(expenditure)						for the year
This is stated after charging:
										2022	2021
										f	f
Depreciation										259	283
Auditor's		remuneration		for		audit ofthe financial statements				5,400	5,220

	2022f	2021 f
Gross salaries	97,444	101,650
Social security costs	9,071	10,110
Pension costs	10,111	11,208
	116,626	122,968
The number ofhigher paid employees was:
	2022	202k
	No.	No.
f60,000 —f70,000

				2022	2021
				No	No
Management	staff
Administrative	staff
Telephone campaign		(temporary)	staff

s.	Tangible fi	xed asse	ts
					Fixtures and
					fittings
					E
	Cost
	At 1July 2021				1,134
	Additions				1,039
	Disposals				(1,134)
	At 30June	2022			1,039
	Depreciation
	At 1July 2021				1,134
	Charge for	the year			259
	Disposals				(1,134)
	At 30June	2022			259
	Net book value
	At 30June	2022			780
	At 30June	2021
9.	Investments
					2022
					f
	At 1July 2021				654,741
	Additions
	Disposals at book value
	Unrealised	gain/(loss)
	At 30June	2022			654,741
	Investments	listed	on the Stock Exchange		654,741
	Historical cost				654,741
10.	Debtors
				2022	2021
				f
	Tax recoverable			20,490	2,741
	Other debtors			50,733	3,561
				71,223	6,302
11.	Creditors: amounts		falling due within one year
				2022	2021
				f	f
	Accruals			11,992	8,147

			Balance at			Investment		Balance at
			1July 2021	Income	Expenditure	Gains/(losses)		30June 2022
			E	E	E		E	E
Restricted Funds:
Academic Life			7,571	6,018				13,589
Andrew Yorke Sail Training		Fund	12	1,278	(1,265)			25
Art Department			188	3,664	(2,500)			1,352
Boarding			32,259	381				32,640
Bursary Programme			483	45,122	(44,000)			1,605
Chapel Project			2,823	34				2,857
Drama —Northern	Campus	2	4,551	532				5,083
Ed Moorhouse Fund			7,846	159	(809)			7,196
Extra Curricular				10				10
Foundation Fellows			16,147	4,000				20,147
FOS			298	19				317
Grand Piano			2,800		(2,800)
Hardship Fund			1	24				25
Inspirational Speakers			13,596	2,546				16,142
Laser Cutter			600	76				676
Music Master Class			296					296
Music Outreach			2,802	164				2,966
Music Projects			1,176		(1,176)
Music Studio Equipment			1,101	219	(1,211)			109
Northern Campus				5,006				5,006
Outward Bound Cottage			1,711	15				1,726
Personal Development			5,879	8				5,887
Sailing Centre			2,015	75				2,090
Sailing Project 2004			5,133	7				5,140
Scholarships
Sports Coaching/Elite			7,955	3233				11,188
Sports Projects				656,248	(625,000)			31,248
Travel and Tour Bursary Fund			750	475				1,225
Upper Pavilion			192					192
			118,185	729,313	(678,761)			168,737
Unrestricted Fund:
General Fund			600,275	288,167	(211,282)			677,160
Totals			718,460	1,017,480	(890,043)			845,897

			Balance at			Investment		Balance at
			1July 2020 f	Income f	Expenditure f	Gains/(losses)	f	30June 2021 f
Restricted Funds:
Academic Life			7,559	12				7,571
Andrew Yorke Sail Training		Fund	1,002	1,000	(1,990)			12
Art Department			188					188
Boarding			81,944	(49,685)				32,259
Bursary Programme			8,812	13,468	(21,797)			483
Chapel Project			2,702	121				2,823
CCF Field Gun			588		(588)
Drama —Northern	Campus	2	4,024	527				4,551
Ed Moorhouse Fund			8,106	154	(414)			7,846
Extra Curricular			7,225	3	(7,228)
Foundation Fellows			12,091	4,056				16,147
FOS			279	19				298
Grand Piano			2,799	1				2,800
Hardship Fund			99	36,475	(36,573)			1
Inspirational Speakers			10,664	2,932				13,596
Laser Cutter			525	75				600
Music Master Class			296					296
Music Outreach			2,801	1				2,802
Music Projects			2,327	1	(1,152)			1,176
Music Studio Equipment			881	220				1.101
Northern Campus			158,704	4,868	(163,572)
Outward Bound Cottage			1,697	14				1,711
Personal Development			5,876	3				5,879
Sailing Centre			2,014	1				2,015
Sailing Project 2004			5,131	2				5,133
Scholarships
Sports Coaching/Elite			4,404	3,551				7,955
Sports Projects			484,433	369,060	(853,493)
Travel and Tour Bursary Fund			275	475				750
Upper Pavilion			192					192
			817,638	387,354	(1,086,807)			118,185
Unrestricted Fund:
General Fund			1,452,302	304,840	(1,156,867)			600,275
Totals			2,269,940	692,194	(2,243,674)			718,460

		Unrestricted	Restricted
		Funds	Funds	Total
		f	f	f
Fixed assets		655,521		655,521
Current	assets	33,631	168,737	202,368
Current	liabilities	(11,992)	-	(11,992)
Total at	30June 2022	677,160	168,737	845,897
		Unrestricted	Restricted
		Funds	Funds	Total
		f	f	f
Fixed assets		608,422	46,319	654,741
Current	assets		71,866	71,866
Current	liabilities	(8,147)		(8,147)
Total at	30June 2021	600,275	118,185	718,460

					2022	2021
					f	f
Net movement	in	funds			127,437	(1,551,480)
Adjustment for:
Depreciation					259	283
					127,696	(1,551,197)
Movements in working capital:
(Increase)/decrease		in debtors			(64,921)	235,213
Increase/(decrease)		in creditors			3,845	(115)
Cash generated	from/(used		in) operations		66,620	(1,316,099)
Net cash provided		by/(used	in) operating	activities	66,620	(1,316,099)

		2022	2021
		f'000	f'000
Donations	to parent	679	2,068
Donated	services from parent	256	162