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2023-06-30-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	2023	2022
			Notes	Funds	Funds	Total	Total
				f	f	E	E
Income
Donations, legacies and grants			2I7, 3	290,443	319,188	609,631	1,016,227
Other trading income			4		38,412	38,412
Investments			2b	7,570	11,126	18,696	1,253
Totalincome				298,013	368,726	666,739	1,017,480
Expenditure
Costs of raising funds				81,588		81,588	124,004
Expenditure on charitable		activities:
Donations to Sherborne	School			774,113	362,387	1,136,500	678,761
Operational costs				66,963		66,963	87,278
Total expenditure			2c	922,664	362,387	1,285,051	890,043
Net income/(expenditure)		and net movement
in funds before gains and		losses on
investments				(624,651)	6,339	(618,312)	127,437
Net gains/(losses) on investments
Net movement in funds				(624,651)	6,339	(618,312)	127,437
Reconciliation offunds
Total funds brought forward				677,160	168,737	845,897	718,460
Total funds carried forward			13,14	52,509	175,076	227,585	845,897

				Unrestricted	Restricted	2022
			Notes	Funds	Funds	Total
				E	E	E
Income
Donations, legacies	and grants		2b, 3	287,335	728,892	1,016,227
Investments			2b	832	421	1,253
Totalincome				288,167	729,313	1,017,480
Expenditure
Costs of raising funds				124,004		124,004
Expenditure on charitable		ocrlvlrles:
Donations to Sherborne		School			678,761	678,761
Operational costs				87,278		87,278
Total expenditure			2c	211,282	678,761	890,043
Net income and net	movement
in funds before gains and losses on
investments				76,885	50,552	127,437
Net gains/(losses) on investments
Net movement in funds				76,885	50,552	127,437
Reconciliation offunds
Total funds brought	forward			600,275	118,185	718,460
Total funds carried	forward		13,14	677,160	168,737	845,897

			2023	2022
		Notes	6	6
Fixed assets
Tangible assets		9	520	780
Investment assets		10	154,741	654,741
			155,261	655,521
Current assets
Debtors		11	15,599	71,223
Cash at bank and in	hand		64,378	131,145
			79,977	202,368
Creditors: amounts	falling due within one year	12	(7,653)	(11,992)
Net current assets			72,324	190,376
Total net assets			227,585	845,897
The funds ofthe charity:
Restricted funds		13	175,076	168,737
Unrestricted funds		13	52,509	677,160
Total charity funds			227,585	845,897

				2023	2022
			Notes	6	6
Cash flows from operating	activities:
Net cash provided by/(used	in)
operating activities			15	(566,767)	66,620
Cash flows from investing	activities:
Purchase ofproperty, plant	and equipment				(1,039)
Proceeds from sale ofinvestments				500,000
Net cash provided by/(used	in) investing		activities	500,000	(1,039)
Change in cash and cash equivalents		in the
reporting period				(66,767)	65,581
Cash and cash equivalents	at the beginning
ofthe reporting period				131,145	65,564
Cash and cash equivalents	atthe end	ofthe
reporting period				64,378	131,145
Cash and bank balances				64,378	131,145

Income fr	om donations and legacies
		2023	2022
		f	E
Donations
Committed	giving	69,261	91,809
Donations		264,329	633,460
Legacies		160,000	35,674
Grants received			(633)
Donation	ofservices	116,041	255,917
		609,631	1,016,227

							2023	2022
							E	E
Sports dinner tickets							33,775
Raffle tickets							4,637
							38,412
Analysis ofexpenditure			on charitable	activities
						Donations
						to
					Staff	Sherborne	Support
					Costs	School	Costs	Total
					E	E	f	f
Charitable	Activities:
Donation to		Sherborne	School			1,136,500		1,136,500
Operational		costs			23,491		43,472	66,963
Total - year ended 30June 2023					23,491	1,136,500	43,472	1,203,463
						Donations
						to
					Staff	Sherborne	Support
					Costs	School	Costs	Total
					E	E	E	E
Charitobie	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

This is stated after charg	ing:
				2023	2022
				E	E
Depreciation				260	259
Auditor's remuneration	for audit	ofthe financial statements		6,000	5,400
Fees payable to charity's	auditors	In respect ofCorporation	tax services	1,500

	2023	2022
	E	E
Gross salaries	40,739	97,444
Social security costs	3,733	9,071
Pension costs	4,387	10,111
	48,859	116,626
The number ofhigher paid employees was:
	2023	2022
	No.	No.
E60,000 - E70,000

				2023	2022
				No	No
Management	staff
Administrative	staff
Telephone campaign		(temporary)	staff

a.	Tangible fix	ed asset	s
					Fixtures and
					fittings
					f
	Cost
	At 1July 2022				1,039
	Additions
	Disposals
	At 30June	2023			1,039
	Depreciation
	At 1July 2022				259
	Charge for	the year			260
	Disposals
	At 30June	2023			519
	Net book value
	At 30June	2023			520
	At 30June	2022			780
10.	Investments
					2023
					f
	At 1July 2022				654,741
	Additions
	Disposals at book value				(500,000)
	Unrealised	gain/(loss)
	At 30June	2023			154,741
	Investments	listed	on the Stock Exchange		154,741
	Historical cost				154,741
11.	Debtors
				2023	2022
				f	f
	Tax recoverable			805	20,490
	Other debtors			14,794	50,733
				15,599	71,223
12.	Creditors: amounts		falling due within one year
				2023	2022
				f	f
	Accruals			7,653	11,992

				Balance at			Investment		Balance at
				1July 2022	Income	Expenditure	Gains/(losses)		30June 2023
				E	E	E		E	E
Restricted Funds:
Academic Life				13,589	989				14,578
Andrew Yorke Sail Training			Fund	25	1,432				1,457
Art Department				1,352	11,213				12,565
Boarding				32,640	2,375				35,015
Bursary Programme				1,605	9,084				10,689
Chapel Project				2,857	208				3,065
Drama —Northern	Campus		2	5,083	933				6,016
Ed Moorhouse Fund				7,196	239	(1,500)			5,935
Extra Curricular				10	1				11
Foundation Fellows				20,147	4,000				24,147
FOS				317	19				336
Hardship Fund				25	26				51
Inspirational Speakers				16,142	3,612				19,754
Laser Cutter				676	130				806
Music Master Class				296	22				318
Music Outreach				2,966	296				3,262
Music Studio Equipment				109	243				352
Northern Campus				5,006	5,312				10,318
Outward Bound Cottage				1,726	140				1,866
Personal Development				5,887		(5,887)
Sailing Centre				2,090	152				2,242
Sailing Project 2004				5,140	374				5,514
Scholarships
Sports Coaching/Elite				11,188	3,552				14,740
Sports Projects				31,248	323,885	(355,000)			133
Travel and Tour Bursary		Fund		1,225	475				1,700
Upper Pavilion				192	14				206
				168,737	368,726	(362,387)			175,076
Unrestricted Fund:
General Fund				677,160	298,013	(922,664)			52,509
Totals				845,897	666,739	(1,285,051)			227,585

			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	3,233				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

	Unrestricted	Restricted
	Funds f	Fundsf	Total f
Fixed assets	60,162	95,099	155,261
Current assets		79,977	79,977
Current liabilities	(7,653)		(7,653)
Total at 30June 2023	52,509	175,076	227,585
	Unrestricted	Restricted
	Funds f	Fundsf	Total 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

Reconciliation o	f	net move	ments in funds	to net cash flow from o	perating activities
					2023	2022
					E	E
Net movement	in	funds			(618,312)	127,437
Adjustment for:
Depreciation					260	259
					(618,052)	127,696
Movements in working capital:
(Increase)/decrease		in debtors			55,624	(64,921)
Increase/(decrease)		in creditors			(4,339)	3,845
Cash generated	from/(used		in) operations		(566,767)	66,620
Net cash provided		by/(used	in) operating	activities	(566,767)	66,620

		2023	2022
		E'000	E'000
Donations	to parent	1,137	679
Donated	services from parent	116	256