| CONTENTS | Page | ||
|---|---|---|---|
| Company information |
|||
| Trustees' Report |
2 —10 | ||
| Report ofthe independent auditors |
11 —13 | ||
| Consolidated statement |
offinancial | activities | 14 |
| Group and Foundation | balance sheets | 15 | |
| Consolidated statement |
ofcash flows and notes | 16 | |
| Notes to the financial | statements | 17-34 |
| Unrestricted | Endowment | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | ||||
| INCOME AND | Note | |||||||
| ENDOWMENTS | ||||||||
| FROM: | ||||||||
| Charitable Activities: |
||||||||
| Net fees receivable | 1,135,295 | 17,742,183 | 18,877,478 | 18,923,821 | ||||
| Other educational | income | 56,470 | 1,320,654 | 1,377,124 | 1,270,978 | |||
| Investments | 25 | 27,557 | 27,582 | 6,852 | ||||
| Donations and legacies |
2,120 | 966,144 | 968,264 | 774,413 | ||||
| Grants | 45,048 | |||||||
| Total Income | 1,193,910 | 20,056,538 | 21,250,448 | 21,021,112 | ||||
| EXPENDITURE | ON: | |||||||
| Charitable Activities |
6 | 1,675,708 | 436,297 | 17,385,671 | 19,497,676 | 19,177,371 | ||
| Total Expenditure | 1,675,708 | 436,297 | 17,385,671 | 19,497,676 | 19,177,371 | |||
| Net | ||||||||
| income/(expenditure) | ||||||||
| before investment | (481,798) | (436,297) | 2,670,867 | 1,752,772 | 1,843,741 | |||
| gains/(losses) | ||||||||
| Investment gains/(losses) |
9 | (58) | (58) | 18,081 | ||||
| Net | ||||||||
| income/(expenditure) | ||||||||
| before transfers | (481,798) | (436,297) | 2,670,809 | 1,752,714 | 1,861,822 | |||
| Transfers | 14 | 988,169 | (988,169) | |||||
| Transfer ofassets | from | 3,977,239 | ||||||
| Redcliffe School | ||||||||
| Net movement in |
funds | (481,798) | 551,872 | 1,682,640 | 1,752,714 | 5,839,061 | ||
| Total funds brought | forward | |||||||
| 1 September 2021 | 3,552,103 | 12,364,404 | 11,885,996 | 27,802,503 | 21,963,442 | |||
| Total funds |
carried | |||||||
| forward at | ||||||||
| 31August 2022 | 14 | 3,070,305 | 12,916,276 | 13,568,636 | 29,555,217 | 27,802,503 |
| Group | Group | Foundation | Foundation | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 8 | 24,961,292 | 24,318,255 | 4,023,672 | 4,090,336 | |
| Investments | 9 | - | 130,042 | |||
| 24,961,292 | 24,448,297 | 4,023,672 | 4,090,336 | |||
| CURRENT ASSETS | ||||||
| Debtors | 10 | 341,476 | 228,142 | 25,156 | 46,736 | |
| Cash and cash equivalents | 10,492,107 | 9,876,699 | 225,207 | 613,393 | ||
| 10,833,583 | 10,104,841 | 250,363 | 660,129 | |||
| CREDITORS: amounts | falling due | |||||
| within one year | 11 | (4,831,980) | (4,581,649) | (485,392) | (480,024) | |
| NET CURRENT ASSETS | 6,001,603 | 5,523,192 | (235,029) | 180,105 | ||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 30,962,895 | 29,971,489 | 3,788,643 | 4,270,441 | ||
| CREDITORS: amounts | falling due | |||||
| after more than one year | 12 | (1,407,678) | (2,168,986) | (700,000) | (700,000) | |
| TOTAL NET ASSETS | 13 | 29,555,217 | 27,802,503 | 3,088,643 | 3,570,441 | |
| UNRESTRICTED FUNDS | 14 | 3,069,305 | 3,552,103 | 3,070,305 | 3,552,103 | |
| RESTRICTED FUNDS | 14 | 13,568,636 | 11,885,996 | 18,338 | 18,338 | |
| ENDOWMENT FUND |
14 | 12,916,276 | 12,364,404 | |||
| TOTAL FUNDS | 29,555,217 | 27,802,503 | 3,088,643 | 3,570,441 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Net cash inflow from operations: Net cash provided by operations |
A | 2,952,986 | 3,185,209 | ||||
| Cash flows from investing activities: Income from investments Interest received Proceeds from sale ofinvestments Payments to acquire tangible fixed assets Cash received on merger with Redcliffe School |
1,495 26,087 129,984 (1,344,813) |
4,642 2,210 4,600 (351,447) 245,366 |
|||||
| Net cash used in investing activities |
(1,187,247) | (94,629) | |||||
| Cash flows from financing activities: Finance costs Bank loan repayments Bursary Fund loan repayments New Bursary Fund loan |
(162,162) (488,169) (500,000) |
(196,388) (455,475) (375,000) 700,000 |
|||||
| Net cash used in financing activities |
(1,150,331) | (326,863) | |||||
| Change in cash and cash equivalents |
in the reporting | period | 615,408 | 2,763,717 | |||
| Net cash and cash equivalents at beginning ofperiod |
9,876,699 | 7,112,982 | |||||
| Net cash and cash equivalents at end ofperiod |
10,492, 107 | 9,876,699 | |||||
| A. | RECONCILIATION OF NET MOVEMENT |
IN FUNDS TO | 2022 | 2021 | |||
| NET CASH INFLOW FROM OPERATIONS | |||||||
| Net movement in funds Depreciation charges Loss/(gain) on investment Increase in debtors Increase in creditors Investment income and interest received Finance costs Transfer ofnet assets from Redcliffe School |
1,752,714 701,777 58 (113,334) 477,191 (27,582) 162,162 |
5,839,061 696,024 (18,081) (69,187) 525,095 (6,852) 196,388 (3,977,239) |
|||||
| Net cash inflow from operations | 2,952,986 | 3,185,209 | |||||
| B. | ANALYSIS OF CHANGES IN NET | DEBT | At | I September | Other | At 31August | |
| 2021 | Cashflows | Changes | 2022 | ||||
| Cash and cash equivalents Cash Deposit accounts |
2,266,699 7,610,000 |
615,408 | 2,882, 107 7,610,000 |
||||
| Borrowings Debt due within one year Debt due aAer one year |
9,876,699 (985,094) (2,141,308) |
615,408 (988,169) |
1,215,030 761,308 |
10,492,107 (758,233) (1,380,000) |
|||
| (3,126,402) | (988,169) | 1,976,338 | (2,138,233,) | ||||
| Total | 6,750,297 | (372,761) | 1,976,338 | 8,353,874 |
| 2. | NET FEESRECEIVABLE | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| Net fees receivable consist of: | ||||||
| Gross fees receivable Fees given as scholarships Fees given as bursaries Fee remission for staff |
20,676,987 (103,536) (1,718,181) (71,578) |
20,549,566 (103,883) (1,731,751) (79,649) |
||||
| 18,783,692 | 18,634,283 | |||||
| Add: Bursaries paid by restricted | funds | 93,786 | 289,538 | |||
| Payable by parents (net of scholarships |
and bursaries) | 18,877,478 | 18,923,821 | |||
| 3. | OTHER EDUCATIONAL | INCOME | 2022 | 2021 | ||
| School lunch income Music, Speech and Drama Registration fees Registration deposits forfeited Insurance commissions Management fees Lettings/hire income Sundry receipts |
610,052 553,657 146,825 27,835 15,489 1,000 22,125 141 |
435,785 532,881 188,400 11,696 22,667 1,000 1,250 77,299 |
||||
| 1,377,124 | 1,270,978 | |||||
| 4. | INCOME FROM INVESTMENTS | 2022 | 2021 | |||
| Elizabeth Godolphin Fund Deposit interest |
26,062 | 2,188 | ||||
| Prize Fund Dividends and interest |
1,495 | 4,642 | ||||
| Other interest | 25 | 22 | ||||
| 27,582 | 6,852 |
| 5. | DONATIONS AND LEGACIES |
DONATIONS AND LEGACIES |
2022 | 2021 | ||
|---|---|---|---|---|---|---|
| Unrestricted Funds: Other donations |
2, 120 | 120 | ||||
| 2, 120 | 120 | |||||
| Restricted Funds: | ||||||
| Elizabeth Godolphin Fund Annual fund receipts Godolphin and Latymer School Bursary Fund Bursaries —Godolphin and Latymer School Bursary Fund —Redcliffe Prize Fund Donations |
60,000 803,358 69,255 23,531 2,000 8,000 |
62,800 641,488 23,085 46,170 750 |
||||
| Total restricted funds |
966,144 | 774,293 | ||||
| Total | 968,264 | 774,413 | ||||
| 6. | ANALYSIS OFTOTAL | EXPENDITURE Staff costs |
Other costs | Depreciation | Total | |
| 2022 | 2022 | 2022 | 2022 | |||
| Charitable Activities: |
||||||
| School Operating Costs: Prizes Teaching costs Welfare costs Premises costs Support and governance Finance costs |
costs | 11,011,185 133,146 298,503 2,466,172 |
12,700 839,864 884,689 1,962,791 930,901 162,162 |
30,876 670,901 |
12,700 11,881,925 1,017,835 2,932,195 3,397,073 162,162 |
|
| Bursaries from restricted | funds | 93,786 | 93,786 | |||
| 13,909,006 | 4,886,983 | 701,777 | 19,497,676 | |||
| Comparative analysis |
oftotal expenditure Staff costs |
Other costs | Depreciation | Total | ||
| 2021 | 2021 | 2021 | 2021 | |||
| Charitable Activities: |
||||||
| School Operating Costs: Prizes Teaching costs Welfare costs Premises costs Support and governance Finance costs |
costs | 11,000,989 139,154 249,508 2,338,037 |
12,100 780,940 754,159 1,833,178 887,356 196,388 |
17,151 678,873 |
12,100 11,799,080 893,313 2,761,559 3,225,393 196,388 |
|
| Bursaries from restricted | funds | 289,538 | 289,538 | |||
| 13,727,688 | 4,753,659 | 696,024 | 19,177,371 |
Teaching costs primarily repres follows: |
ent depa |
rtmental an |
d related costs. Supp |
ort costs can be furthe |
r analysed as |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Support and governance costs ofschooling Printing stationery and postage Telephone Advertising and recruitment Insurances Sundry expenses Legal and professional Courses and conferences Governance costs |
32,952 20,928 181,410 178,762 282,560 94,258 92,631 47,400 |
36,665 18,084 124,193 155,791 297,692 147,279 54,092 53,560 |
|||
| 930,901 | 887,356 | ||||
| Analysis ofgovernance costs: Governors indemnity insurance Auditor's remuneration —for audit services for the |
School | 3,312 47,400 |
2,905 50,655 |
||
| 50,712 | 53,560 | ||||
| STAFF COSTS | 2022 | 2021 | |||
| Wages and salaries Social security costs Pension contributions Redundancy and termination |
payments | 10,560,465 1,239,470 2,089,071 20,000 |
10,436,000 1,174,228 2,061,139 56,321 |
||
| 13,909,006 | 13,727,688 | ||||
| The average number ofpersons employed | by the group | during the year was: | 2022 | 2021 | |
| Teaching staff Peripatetic and support staff Temporary staff |
146 105 2 |
146 100 2 |
|||
| 253 | 248 | ||||
| The number ofemployees who received remuneration |
of$60,000or greater, | in the following bands 2022 |
was: 2021 |
||
| f60,000 - f70,000 f70,000 - $80,000 f80,000 - f90,000 f90,000 - f100,000 |
25 10 8 |
22 11 6 1 |
|||
| f100,000 - f110,000 | |||||
| f110,000 - f120,000 | |||||
| f120,000 - $130,000 | |||||
| f160,000 - $170,000 | |||||
| f170,000 - f180,000 | |||||
| f250,000 - $260,000 |
| GROUP | |||||||
|---|---|---|---|---|---|---|---|
| Leasehold | Fixtures, | ||||||
| Freehold Property |
Property | Plant & Machinery |
& Equipment E |
Assets under construction f |
Astro Turf |
Total | |
| Cost or valuation At 1 September 2021 Additions at cost |
23,906,833 | 8,110,874 | 355,000 | 82,830 75,484 |
286,191 1,269,329 |
412,465 | 33,154,193 1,344,813 |
| At 31 August 2022 | 23,906,833 | 8,110,874 | 355,000 | 158,314 | 1,555,520 | 412,465 | 34,499,006 |
| Depreciation At 1 September 2021 Charge foryear |
6,448,908 452,928 |
1,873,786 159,007 |
106,500 17,750 |
35,493 30,877 |
371,250 41,215 |
8,835,937 701,777 |
|
| At 31 August 2022 | 6,901,836 | 2,032,793 | 124,250 | 66,370 | 412,465 | 9,537,714 | |
| Net Book Value At 31 August 2022 |
17,004,997 | 6,078,081 | 230,750 | 91 945 | 1 555 520 | 24,961,292 | |
| At 31 August 2021 | 17,457,925 | 6,237,088 | 248,500 | 47,337 | 286,191 | 41,215 | 20,519,282 |
| FOUNDATION | |||||||
| Leasehold | Fixtures, | ||||||
| Freehold Property |
Property | Plant & Machinery |
& Equipment |
Assets under construction f |
Astro Turff |
Total 'E |
|
| Cost or valuation At 1 September 2021 |
2,950,000 | 1,167,296 | 48,503 | 4,165,799 | |||
| Additions at cost |
|||||||
| At 31 August 2022 | 2,950,000 | 1,167,296 | 48,503 | 4,165,799 | |||
| Depreciation At 1 September 2021 Charge for year |
34,381 34,381 |
20,157 20,157 |
20,925 12,126 |
75,463 66,664 |
|||
| At 31 August 2022 | 68,762 | 40,314 | 33,051 | 142,127 | |||
| Net Book Value At 31 August 2022 |
2,881,238 | 1,126,982 | 15,452 | 4,023,672 | |||
| At 31 August 2021 | 2,915,619 | 1,147,139 | 27,578 | 4,090,336 |
| CREDITORS: due after | more tha | n one year | ||||
|---|---|---|---|---|---|---|
| Group | Foundation | |||||
| 2022 | 2021 | 2022 | 2021 | |||
| Old Dolphins Association |
27,678 | 27,678 | ||||
| Bank loan (see below) | 261,308 | |||||
| Godolphin and Latymer Fund loan |
School | Bursary | 1,380,000 | 1,880,000 | 700,000 | 700,000 |
| 1,407,678 | 2,168,986 | 700,000 | 700,000 | |||
| The bank loan is repayable | in instaiments; | |||||
| Due after five years | ||||||
| Due within two to five years | ||||||
| Due within one to two years |
261,308 | |||||
| 261,308 | ||||||
| Due aAer more than one year | 261,308 | |||||
| Due within one year (see | note 11) | 258,233 | 485,094 | |||
| 258,233 | 746,402 |
| SPLIT OF | NET ASSETS BETWEE | N FUNDS | ||
|---|---|---|---|---|
| Net current | ||||
| assets and | ||||
| GROUP | Fixed assets | long term debt | Total | |
| 2022 | 2022 | 2022 | ||
| Unrestricted | Funds | 4,023,672 | (953,367) | 3,070,305 |
| Restricted Funds | 6,583,111 | 6,985,525 | 13,568,636 | |
| Endowment | Funds | 14,354,509 | (1,438,233) | 12,916,276 |
| Balances at | 31August 2022 | 24,961,292 | 4,593,925 | 29,555,217 |
| Comparative | split ofnet assets betw | een funds | ||||
|---|---|---|---|---|---|---|
| Net current | ||||||
| assets and | ||||||
| GROUP | Fixed assets | Investments | long term debt | Total | ||
| 2021 | 2021 | 2021 | 2021 | |||
| Unrestricted | Funds | 4,090,335 | (538,232) | 3,552, 103 | ||
| Restricted | Funds | 5,437,114 | 130,042 | 6,318,840 | 11,885,996 | |
| Endowment | Funds | 14,790,8066 | (2,426,402) | 12,364,404 | ||
| Balances at | 31 August 2021 | 24,318,255 | 130,042 | 3,354,206 | 27,802,503 |
| SPLIT OF | NET ASSETSBETW | EEN FUNDS (conti | nued) | |
|---|---|---|---|---|
| Net current | ||||
| assets and | ||||
| FOUNDATION | Fixed assets | long term debt | Total | |
| 2022 | 2022 | 2022 | ||
| Unrestricted | Funds | 4,023,672 | (953,367) | 3,070,305 |
| Restricted Funds | 18,338 | 18,338 | ||
| Balances at | 31 August 2022 | 4,023,672 | (935,029) | 3,088,643 |
| Net current | ||||
|---|---|---|---|---|
| assets and | ||||
| FOUNDATION | Fixed assets | long term debt | Total | |
| 2021 | 2021 | 2021 | ||
| Unrestricted | Funds | 4,090,336 | (538,233) | 3,552, 103 |
| Restricted Funds | 18,338 | 18,338 | ||
| Balances at | 31 August 2021 | 4,090,336 | (519,895) | 3,570,441 |
| ORT | HE YEAR ENDED 31AUGUST 2022 | HE YEAR ENDED 31AUGUST 2022 | |||||
|---|---|---|---|---|---|---|---|
| 14. | FUND MOVEMENTS IN YEAR GROUP |
Balance at I September 2021 |
Income | Expenditure | Transfers & investment gains/(losses) |
Balance at 31August 2022 |
|
| Unrestricted funds |
3,552, 103 | 1,193,910 | (1 675 708) | 3 070 305 | |||
| Restricted funds |
|||||||
| Godolphin and Latymer School: Elizabeth Godolphin Fund Designated —Annual Fund Prize fund Elizabeth Crane Fund |
10,326,292 1,409,950 115,749 15,667 |
19,148,899 803,358 9,495 |
(17,272,185) (7,000) (11,700) |
(988,227) | 11,214,779 2,206,308 113,544 15,667 |
||
| Bursary Fund Bursaries |
69,255 23,531 |
(69,255) (23,531) |
|||||
| Foundation: Bursary Fund - Redcliffe Travel grant fund Curriculum enrichment Fund Alumnae Programme (70~ Gala) Wellbeing programme (70'"Gala) Lego coding and science equipment |
750 2,637 1,637 5,154 5,154 3,006 |
2,000 | (2,000) | 750 2,637 1,637 5,154 5,154 3,006 |
|||
| 11,885,996 | 20,056,538 | (17,385,671) | (988,227) | 13,568,636 | |||
| Endowment Funds |
12,364,404 | (436,297) | 988,169 | 12,916,276 | |||
| 27,802,503 | 21,250,448 | (19,497,676) | (58) | 29,555,217 | |||
| Contparative fiend movements |
in year | ||||||
| GROUP | Balance at I September 2020 |
Income | Expenditure | Transfers & investment gains/(losses) |
Balance at 31August 2021 |
||
| Unrestricted funds |
1,458,856 | (1,646,121) | 3,739,368 | 3,552,103 | |||
| Restricted funds |
|||||||
| Godolphin and Latymer School Elizabeth Godolphin Fund Designated —Annual Fund Prize fund Elizabeth Crane fund |
9,252,935 777,634 105,126 15,667 |
18,846, 121 641,488 4,642 |
(16,783,622) (9,172) (12,100) |
(989,142) 18,081 |
10,326,292 1,409,950 115,749 15,667 |
||
| Bursary Fund Bursaries |
23,085 46,170 |
(23,085) (46,170) |
|||||
| Foundation: Bursary Fund —Redcliffe Travel grant fund Curriculum enrichment fund Alumnae programme (70'"Gala) Wellbeing programme (70'"Gala) Lego coding and science |
750 | (220,283) | 220,283 2,637 1,637 5,514 5,514 3,006 |
750 2,637 1,637 5,154 5,154 3,006 |
|||
| equipment | |||||||
| 10,151,362 | 19,562,256 | (17,094,432) | (733,190) | 11,885,996 | |||
| Endowment Funds |
11,812,080 | (436,818) | 989,142 | 12,364,404 | |||
| 21,963,442 | 21,021,112 | (19,177,371) | 3,995,320 | 27,802,503 |
| 14 | FUND MOVEMENTS | FUND MOVEMENTS | IN YEAR | (Continued) | ||||
|---|---|---|---|---|---|---|---|---|
| FOUNDATION | Balance at | Transfers k, | Balance at | |||||
| 1September | investment | 31August | ||||||
| 2021 | Income | Expenditure | gains/(losses) | 2022 | ||||
| Unrestricted funds |
3,552, 103 | 1,193,910 | (1,675,708) | 3,070,305 | ||||
| Restricted funds |
||||||||
| Bursary fund - Redcliffe Travel grant fund Curriculum enrichment |
fund | 750 2,637 1,637 |
2,000 | (2,000) | 750 2,637 1,637 |
|||
| Alumnae Programme Wellbeing programme |
(70'"Gala) (70~ Gala) |
5,154 5,154 |
5,154 5,154 |
|||||
| Lego coding and science | 3,006 | 3,006 | ||||||
| equipment | ||||||||
| 18,338 | 2,000 | (2,000) | 18,338 | |||||
| Endowment funds |
||||||||
| 3,570,441 | 1,194,910 | (1,676,708) | 3,088,643 |
| FOUNDATION | Balance at | Transfers & | Balance at | |||
|---|---|---|---|---|---|---|
| 1 September 2020 |
Income | Expenditure | investment gains/(losses) |
31August 2021 |
||
| Unrestricted funds |
1,458,856 | (1,646,121) | 3,739,368 | 3,552, 103 | ||
| Restricted funds |
||||||
| Bursary fund -Redcliffe Travel grant fund Cuniculum enrichment fund |
750 | (220,283) | 220,283 2,637 1,637 |
750 2,637 1,637 |
||
| Alumnae Programme (70'"Gala) Wellbeing programme (70'"Gala) Lego coding and science |
5,154 5,154 3,006 |
5,154 5,154 3,006 |
||||
| equipment | ||||||
| 750 | 237,871 | 18,338 | ||||
| Endowment funds |
||||||
| 1,459,606 | (1,866,404) | 3,977,239 | 3,570,441 |
| otal pension c | ontrib | utions | made in the year are analysed as follow |
s: | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Total contributions Teaching staff Non-teaching staff |
during | the year were: | 1,670,200 418,871 |
1,666,870 394,270 |
|
| 2,089,071 | 2,061,139 |
| e Group's future minimum operating lease |
payments are as follow |
s: | |||
|---|---|---|---|---|---|
| Equipment | Equipment | ||||
| Charity | Group | ||||
| 2022 | 2021 | 2022 | 2021 | ||
| Within one year Between two and five years |
219,941 218,899 |
184,054 176,838 |
|||
| 438,840 | 360,892 |
| 19. | COMPARATIVE CONSOLIDATED OF | COMPARATIVE CONSOLIDATED OF | FINANCIAL | ACTIVITIES | ||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Restricted | Total | |||
| Funds | Funds | Funds | Funds | |||
| 2021 | ||||||
| INCOME AND | Note | |||||
| ENDOWMENTS FROM: | ||||||
| Charitable Activities: |
||||||
| Net fees receivable | 2 | 1,435,710 | 17,488,111 | 18,923,821 | ||
| Other educational income |
3 | 23,004 | 1,247,974 | 1,270,978 | ||
| Investments | 22 | 6,830 | 6,852 | |||
| Donations and legacies Grants |
120 | 774,293 45,048 |
774,413 45,048 |
|||
| Total Income | 1,458,856 | 19,562,256 | 21,021,112 | |||
| EXPENDITURE ON: | ||||||
| Charitable Activities |
6 | 1,646, 121 | 436,818 | 17,094,432 | 19,177,371 | |
| Total Expenditure | 1,646, 121 | 436,818 | 17,094,432 | 19,177,371 | ||
| Net income/(expenditure) |
(187,265) | (436,818) | 2,467,824 | 1,843,741 | ||
| before investment gains |
||||||
| Investment gains |
18,081 | 18,081 | ||||
| Net income/(expenditure) |
(187,265) | (436,818) | 2,485,905 | 1,861,822 | ||
| before transfers | ||||||
| Trans fers | 14 | 989,142 | (989,142) | |||
| Transfer ofassets from Redcliffe | 3,739,368 | 237,871 | 3,977,239 | |||
| School | ||||||
| Net movement in funds |
3,552, 103 | 552,324 | 1,734,634 | 5,839,061 | ||
| Total funds brought fonvard 1 September 2020 |
11,812,080 | 10,151,362 | 21,963,442 | |||
| Total funds carried forward at | ||||||
| 31August 2021 | 14 | 3,552, 103 | 12,364,404 | 11,885,996 | 27,802,503 |
| Financial Activities and Balance shee |
t are given below: | ||
|---|---|---|---|
| Statement ofFinancial Activities | 2022 | 2021 | |
| Income | |||
| Net fees receivable Other Educational Income Investments |
17,742,183 1,320,654 27,557 |
17,488,111 1,247,974 6,830 |
|
| Donations and legacies Grants |
964,144 | 773,543 45,048 |
|
| 20,054,538 | 19,561,506 | ||
| ~Ex enditure Charitable Activities |
17,819,968 | 17,310,697 | |
| Investment (loss)/gain |
(58) | 18,0&1 | |
| Net movement in funds |
2,234,512 | 2,268,620 | |
| Total funds bought forward | 24,232,062 | 21,963,442 | |
| Total funds carried forward | 26,466,574 | 24,232,062 | |
| Balance Sheet Tangible fixed assets Investments |
20,937,620 | 20,227,920 130,042 |
|
| Debtors Cash in hand and at bank |
391,131 10,266,900 |
285,324 9,263,306 |
|
| Creditors: Amounts falling due within Creditors: Amounts falling due after |
one year more than one year |
(4,421,399) (707,678) |
(4,205,544) (1,468,986) |
| Net Assets | 26,466,574 | 24,232,062 | |
| Unrestricted Funds Restricted Funds Endowment Fund |
13,421,145 129,153 12,916,276 |
11,736,242 131,416 12,364,404 |
|
| Accumulated Funds |
26,466,574 | 24,232,062 |