2022-07-31-accounts

The Oundle School Foundation Illllll ' GRANT . Gfy Annual Report and Financial Statements for the year ended 31 July 2022 Charity number: 1075698

					Total	Return	Return Objective
Oundle	School	Foundation	Endowment	Fund		2 4%	16.3%(RPI +4%)
Oundle	School	Foundation	Expendable	Fund		1.7%	12.3%(RPI)

						Total	Total
						Foundation	Foundation
						Funds	Funds
			Unrestricted	Restricted	Endowment	Year ended	Year ended
			income funds	income funds	funds	31July 2022	31July 2021
			f'000	f'000	f'000	f'000	f'000
		Note					(Note 18)
INCOME AND ENDOWMENTS
FROM:
Donations and legacies			367	447	288	1,102	1,505
Investments			1	598		599	485
Total income and endowments			368	1,045	288	1,701	1,990
EXPENDITURE ON:
Raising funds
Raising donations and legacies			(299)			(299)	(246)
Investment management	costs				(131)	(131)	(113)
Charitable activities				(757)		(757)	(1,931)
Other expenditure			(10)				(9)
Total expenditure			(309)	(758)	(131)	(1,198)	(2,299)
Net income/(expenditure)	and
net movement in funds	before		59	287	157	503	(309)
gains and losses on investments
Net (losses)/gains on investments				(5)	(47)	(53)	2,497
Net income			58	282	110	450	2,188
NET MOVEMENT IN FUNDS
Fund balances brought forward at 1August			61	1,778	17,516	19,355	17,167
FUND BALANCES CARRIED FORWARD AT31July			119	2,060	17,626	19,805	19,355

					2022	2021
				Note	f'000	f'000
Fixed assets
Investments					17,861	17,471
Current assets
Debtors					210	96
Cash at bank	and in		hand		1,768	1,801
Total current	assets				1,978	1,897
Creditors: amounts			falling due within one year		(34)	(13)
Net current	assets				1,944	1,884
Net assets					19,805	19,355
The funds ofthe Foundation:
Endowment	funds			12	17,626	17,516
Restricted income		funds		13	2,060	1,778
Unrestricted	income		funds	14	119	61
Total Foundation		funds			19,805	19,355

3.Donatio	ns and legacies
		Year ended	Year ended
		31July 2022	31July 2021
		f'000	f'000
Donations		1,058	1,321
Legacies		44	184
Total donations	and legacies	1,102	1,505

		Year ended	Year ended
		31July 2022	31July 2021
		f'000	f'000
Dividends		599	485
Total investment	Income	599	485

During the y	ear t	he Foundatio	n made donations to Oundle	School in respect ofthe following:
				Year ended	Year ended
				31July 2022	31July 2021
				f'000	f'000
Bursa ries				548	804
Scholarships				196	500
New buildings	and	equipment			625
Other
Total expenditure		on charitable	activities	757	1,931

2022	2021
f'000	f'000

						2022	2021
						f'000	f'000
Valuation	at beginning		ofyear			17,471	14,405
Additions	at cost					574	682
Increase/(decrease)		in	market value ofinvestments	after management	costs	(184)	2,384
Carrying	value at	31July				17,861	17,471

	2022	2021
	f'000	f'000
Multi Asset Funds	17,861	17,471
Net book value at 31July	17,861	17,471

9.Debtors
		2022	2021
		E'000	f'000
Gift Aid refund		7	31
Accrued income		156	50
Due from The Corporation	of Oundle School	47	15
Total debtors		210	96

10.Creditors:	amounts falling due withi	n one year
		2022	2021
		f'000	f'000
Other creditors		10
Due to The Corporation	of Oundle School	24
Total creditors falling	due within one year		13

1.Net	assets by fun	d
			Current	Current	2022 Fund
		Investments	Assets	Liabilities	Balance
		f'000	E'000	E'000	f'000
Unrestricted	income funds	28	110	(19)	119
Restricted income funds		485	1,590	(15)	2,060
Endowment	funds	17,347	279		17,626
Total		17,861	1,979	(34)	19,805

			Current	Current	2021 Fund
		Investments	Assets	Liabilities	Balance
		E'000	E'000	E'000	f'000
Unrestricted	income funds	18	52	(9)	61
Restricted income funds		501	1,281	(4)	1,778
Endowment	funds	16,952	564		17,516
Total		17,471	1,897	(13)	19,355

		Balance		Net losses on	Balance
		1August		investments	31July
		2021	Income	f'000	2022
		f'000	f'000		f'000
Bursaries g Scholarships		11,586	279	(118)	11,747
General Endowment		1,705	2	(17)	1,690
De Angeli		877		(9)	869
James Bursary		773		(8)	766
Thommy Purbrook		737		(7)	733
Manners Wood		673		(7)	667
Frank Spragg		388		(4)	384
Anthony Solomons		207		(2)	205
Dudley Heesom		201		(2)	199
John Matthews		153		(2)	152
Reilly Scholarship		140		(1)	139
Other endowments		76		(1)	75
Total endowment	funds	17,516		(178)	17,626

		Balance		Net gains on	Balance
		1August		investments	31July
		2020	Income	f'000	2021
		f'000	f'000		f'000
Bursaries &Scholarships		9,634	397	1,555	11,586
General Endowment		1,472		232	1,705
De Angeli		757		120	877
James Bursary		666		106	773
Thommy Purbrook		636		101	737
Manners Wood		580		92	673
Frank Spragg		334		53	388
Anthony Solomons		179		28	207
Dudley Heesom		173		28	201
John Matthews		132		21	153
Reilly Scholarship		121		19	140
Other endowments		64		10	76
Total endowment	funds	14,748	403	2,365	17,516

A description ofthe main	endowed funds, with a value over f100,000at 31July	endowed funds, with a value over f100,000at 31July	2022, is given below:
Bursaries 5Scholarships:	Income to be used for the provision	of bursaries	and scholarships at
	Oundle School.
General Endowment:	Income to be used for the provision	of bursaries	and scholarships at
	Oundle School, but without precluding the use		ofincome for other
	purposes.
De Angeli:	Income and capital to be used for the provision		of bursaries at Oundle
	School, primarily for pupils at School	House.
James Bursary:	Income and capital to be used for the provision		of bursaries at Oundle
	School.
Thornmy Purbrook:	Income to be used for the provision	ofgeneral	scholarships at Oundle
	School.
Manners Wood:	Income to be used for the provision	of bursaries	at Oundle School.
Frank Spragg:	Income to be used to support Annual	Scholarships at Oundle School.
Anthony Solomons:	Income to be used for the provision	ofArt Scholarships at Oundle School.
Dudley Heesom:	Income to be used for the provision	ofSixth Form history scholarships		at
	Oundle School.
John Matthews:	Income to be used to fund a general	scholarship	for a pupil to enter
	Oundle School in the Third Form.
Reilly Scholarship:	Income to be used to provide a scholarship for		an academically able good
	all round pupil of Laxton.

							Net gains
							on
	1August	Donations	Investment	Grant-	Admin		investmen	31July
	2021		Income	making	Expenses	Transfers	ts	2022
	E'000	E'000	E'000	E'000	f'000	f'000	E'000	f'000
Restricted income from
endowed funds
Bursaries LScholarships	245		387	(398)				233
General Endowment	36		56					92
James Bursary	73		27					100
Manners Wood	69		23	(10)				82
De Angeli	64		30	(31)				63
Anthony Solomons	22		7	(8)				21
Other endowments	189		12	(37)				163
Restricted Funds
General Scholarship		207		(155)
Sports Master Plan	11							17
Thommy Purbrook	101		27	(4)				123
General Bursary	69	177	1	(59)				187
Zimmern Bursary	135		1	(39)				97
Laxton Junior School	337		3					339
Other Restricted	339	55	10	(16)				387
Other Bursaries 5	77		14					93
Scholarships
Total	1,77&		598	(757)			(5)	2,060

							Net gains
							on
	1August	Donations	Investment	Grant-	Admin		investme	31July
	2020		Income	making	Expenses	Transfers	nts	2021
	f'000	f'000	f'000	f'000	E'000	f'000	f'000	f'000
Restricted income
from endowed funds
Bursaries & Scholarships	161		318	(237)				245
Genera I Endowment	42		48	(54)				36
James Bursary	50		22					73
Manners Wood	54		19	(5)				69
De Angeli	49		25	(11)				64
Anthony Solomons	17		5					22
Other endowments	158		48	(18)				189
Restricted Funds
General Scholarship		196		(188)
Sports Master Plan	514	77		(580)				11
Thommy Purbrook	100							101
General Bursary	63	186		(180)				69
Zimmern Bursary	170			(36)				135
Laxton Junior School	201	132						337
Other Restricted	273	110		(49)				339
Other Bursaries & Scholarships	75							77
Total	1,929	703	485	(1,358)			19	1,778

	1					Grants to	31
	August				Admin	Oun die	July
	2021	Investments	Donations	Designation	Expenses	School	2022
	f'000	f'000	f'000	E'000	f'000	E'000	f'000
Unrestricted
income funds
General funds	61		367		(10)	(299)	119
Total	61		367		(10)	(299)	119

	1					Grants to	31
	August				Admin	Oundle	July
	2020	investments	Donations	Designation	Expenses	School	2021
	f'000	E'000	f'000	E'000	f'000	E'000	f'000
Unrestricted
income funds
General funds	490		399		(9)	(819)	61
Total	490		399		(9)	(819)	61

							Total
							Foundation
							Funds
			Unrestricted	Restricted			Year ended
			income funds	income funds	Endowment	funds	31July 2021
			E'000	E'000		E'000	E'000
INCOME AND ENDOWMENTS
FROM:
Donations and legacies			399	703		403	1,505
Investments				485			485
Total income and endowments			399	1,188		403	1,990
EXPENDITURE ON:
Raising funds
Raising donations and legacies			(246)				(246)
Investment management	costs					(113)	(113)
Charitable activities			(573)	(1,358)			(1,931)
Other expenditure			(9)				(9)
Total expenditure			(828)	(1,358)		(113)	(2,299)
Net (expenditure)/income		and net
movement in funds before		gains	(429)	(170)		290	(309)
and losses on investments
Net gains on investments				19		2,478	2,497
Net (expenditure)/income			(429)	(151)		2,768	2,188
NET MOVEMENT IN FUNDS
Fund balances brought forward at 1August			490	1,929		14,748	17,167
FUND BALANCES CARRIED FORWARD AT31July			61	1,778		17,516	19,355

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