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|
www.oundleschI.org.uk