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|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|
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|||||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|
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|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|
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||||||||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|
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||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|
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