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|||Page|
|---|---|---|
|Trustees
and advisers|||
|Report ofthe Trustees|||
|Independent
auditor's|report||
|Statement offinancial|activities||
|Balance sheet||12|
|Notes to the financial|statements|13|
##
|The trustees|who served|who served|during|the year were:|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Chairman:||||Brigadier (Retd)|RJ Bacon, MBA,|||Chartered||FCIPD,|FCMI, CMILT (retired as||
|||||Trustee and Chair ofWycliffe College (Incorporated)
31 August 2021)
Mr S F M Lloyd BSc (Hons) Est Man,
MRICS (1,3,4) (appointed||||||||Chair of|
|||||Wycliffe College|(Incorporated)||31|August|2021||||
|Trustees:||||Mr S P Etheridge,
Brigadier (Retd)
Mr N J Gregory,|MBE, TD, JP, MBA (retired 4 December 2021)
RJ Bacon, MBA, Chartered
FCIPD, FCMI, CMILT
BA, M.Ed||||||||
|||||Mrs SJ Lacey, Meng, BA||(Hons) (retired|||13December 2021)||||
|||||Mr T P Wood, BA (Hons),||FCA|||||||
|Secretary:||||Mr T P Wood, BA (Hons),||FCA|||||||
|Principal address:||||Finance Department|||||||||
|||||Regent Street|||||||||
|||||Stonehouse|||||||||
|||||Gloucestershire|||||||||
|||||GL10 2AD|||||||||
|Registered|Charity|Number:||1078286|||||||||
|ADVISERS|||||||||||||
|Bankers||||Lloyds Bank Commercial|||||||||
|||||Barnwood
1|||||||||
|||||Barnett Way|||||||||
|||||Gloucester|||||||||
|||||GL4 3RL|||||||||
|Solicitors||||Harrison
Clark Rickerbys|||||||||
|||||Ellenborough
House|||||||||
|||||Wellington
Street|||||||||
|||||Cheltenham|||||||||
|||||Gloucestershire|||||||||
|||||GL50 1YD|||||||||
|Auditors||||Hazlewoods|||||||||
|||||Staverton
Court|||||||||
|||||Staverton|||||||||
|||||Cheltenham|||||||||
|||||Glos|||||||||
|||||GL51 OUX|||||||||
|Investment|managers|||Paradigm
Norton|Financial|Planning||Ltd|||||
|||||Paradigm
House|||||||||
|||||Macrae Road, Ham Green|||||||||
|||||Bristol|||||||||
|||||BS20ODD|||||||||
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||||Unrestricted|Restricted|Endowed|||
|---|---|---|---|---|---|---|---|
|||Note|Funds|Funds|Funds|Total|Total|
||||2021|2021|2021|2021|2020|
||||||f|||
|Income and endowments||||||||
|from:||||||||
|Voluntary
sources||||||||
|Donations
and||||||||
|legacies|||15,428|142,915||158,343|14,329|
|Investments||||||||
|Gross dividends
and interest|||10,637|6,517||17,154|21,268|
|Bank deposit interest|||8|34||42|341|
|Total income and||||||||
|endowments|||26,073|149,466||175,539|35,938|
|Expenditure
on:||||||||
|Raising funds|||(9,51 1)|(4,287)||(13,798)|(9,491)|
|Charitable
activities|||(7,800)|(5,150)||(12,950)|(35,988)|
|Total expenditure|||(17,311)|(9,437)||(26,748)|(45,479)|
|Net Incoming funds from||||||||
|operations
before||||||||
|investment
gains|||8,762|140,029||148,791|(9,541)|
|Net (losses)/gains|on|||||||
|investment
assets|||97,885|59,851|77,439|235,175|(24,079)|
|Net (expenditure)/income||||||||
|and net movement|in funds||106,647|199,880|77,439|383,966|(33,620)|
|Reconciliation
of|funds|||||||
|Total funds brought|forward||646,663|419,296|511,588|1,577,547|1,611,167|
|Total funds carried||||||||
|forward|||753,310|619,176|589,027|1,961,513|1,577,547|
##
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|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|||
|FIXEDASSETS||||||
|Investments||||1,913,140|1,501,974|
|CURRENT ASSETS||||||
|Debtors|||||1,879|
|Cash at bank and|in|hand||50,873|82,426|
|||||50,873|84,305|
|Creditors: Amounts||falling due within one year|10|2,500|8,732|
|Net current assets||||48,373|75,573|
|Net assets||||1,961,513|1,577,547|
|Funds||||||
|Unrestricted
funds|||12|753,310|646,663|
|Restricted funds|||12|619,176|419,296|
|Endowed
funds|||12|589,027|511,588|
|Total funds||||1,961,513|1,577,547|
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||||||Unrestricted|Restricted|Endowed|Total|
|---|---|---|---|---|---|---|---|---|
||||||2021|2021f|2021|2021|
||Donations||||15,428|142,95||158,343|
||||||Unrestricted|Restricted|Endowed|Total|
||||||2020
F|2020|2020f|2020|
||Donations||||1,509|12,820||14,329|
|5|Expenditure||||||||
||||||Unrestricted|Restricted|Endowed|Total|
||||||2021|2021|2021|2021|
||Expenditure|on|raising funds:||||||
||Investment|management||costs|7,011|4,287||11,298|
||Expenditure|on|charitable|activities:|||||
||Scholarships|and bursaries|||7,800|5,150||12,950|
||Governance|costs|||2,500|||2,500|
||Total charitable||expenditure||10,300|5,150||15,450|
||Total expenditure||||17,311|9,437||26,748|
||||||Unrestricted|Restricted|Endowed|Total|
||||||2020|2020|2020|2020|
||Expenditure|on|raising funds:||||||
||Investment|management||costs|5,944|3,547||9,491|
||Expenditure|on|charitable|activities:|||||
||Scholarships|and bursaries|||17,371|15,027||32,398|
||Governance|costs|||3,590|||3,590|
||Total charitable||expenditure||20,961|15,027||35,988|
||Total expenditure||||26,905|18,574||45,479|
##
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|Governa
follows:|nce
costs rep|rese|nt
the|support costs ofthe charity an|d these can be summarised
as||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||P||
|Auditor's|remuneration|for|audit|services|2,500|2,500|
|Auditor's|remuneration|for|other|services||1,000|
||||||2,500|3,500|
##
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|||||2021|2020|
|---|---|---|---|---|---|
|Market value at 1"September||||1,451,347|1,485,821|
|Additions||||255,268|475,190|
|Disposals||||(75,091)|(485,585)|
|Realised|gains/(losses)||on disposals||10,491|
|Unrealised|gains/(losses)||on revaluation|235,08|(34,570)|
|Market value at31"August||||1,866,572|1,451,347|
|Cash on deposit||||46,568|50,627|
|||||1,913,140|1,501,974|
|Debtors:|amounts|due|in one year|||
|||||2021f|2020|
|Other debtors|||||1,879|
##
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|Creditor|s: am|ou|nts
du|e in one year|||
|---|---|---|---|---|---|---|
||||||2021|2020|
|Amounts|owed|to|group|undertakings||5,232|
|Accruals|||||2,500|3,500|
||||||2,500|8,732|
||||||Fund|
|---|---|---|---|---|---|
||||Current|Current|Balances|
|||Investments|Assetsf|Liabilitiesf|2021|
|Unrestricted|funds|704,937|50,873|(2,500)|704,937|
|Restricted|funds|619,176|||619,176|
|Endowment|funds|589,027|||589,027|
|||1,913,140|50,873|||
||||||Fund|
||||Current|Current|Balances|
|||Investments|Assets|Liabilities|2020f|
|Unrestricted|funds|571,090|84,305|(8,732)|646,663|
|Restricted funds||419,296|||419,296|
|Endowment|funds|511,588|||511,588|
|||1,501,974|84,305|(8,732)|1,577,547|
##
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##
|12
Funds||||||||
|---|---|---|---|---|---|---|---|
||||||||Balance|
||||Balance|||Investment|31|
||||1 September|Incoming|Resources|Gains|August|
||||2020|Resources|Expended|l(losses)|2021|
|Unrestricted
funds||||||||
|General
Fund|||127,968|6,558|(9,682)|19,370|144,214|
|Lewis Bequest|||409,647|6,743|(6,025)|62,008|472,373|
|Trustees
Discretionary||Fund|109,048|12,772|(1,604)|16,507|136,723|
|Total unrestricted
funds|||646,663|26,073|(17,311)|97,885|753,310|
|Restricted funds||||||||
|General
Endowment|Fund||3,619|70|(38)|547|4,198|
|Loosley Endowment|Fund||43,467|716|(471)|6,580|50,292|
|Pearson Bursary Fund|||2,945|48|(1,382)|446|2,057|
|Ward's Scholarship|Fund||55,449|913|(2,101)|8,393|62,654|
|J H Edwards Bequest Fund|||17,501|288|(190)|2,649|20,248|
|Sibly Scholarship
Fund|||19,451|320|(211)|2,944|22,504|
|Wilson Scholarship|Fund||12,420|204|(135)|1,880|14,369|
|Selwyn
Bursary
Fund|||72,490|1,193|(2,286)|10,973|82,370|
|Bursaries
Fund|||93,030|4,531|(1,009)|14,082|110,634|
|Burnet Ward Bursary|||68,592|1,189|(744)|10,383|79,420|
|Educational
Grants|fund||1,101|18|(12)|167|1,274|
|Honours
Boards|||978|16|(11)|148|1,131|
|Prep School Sports|Pavilion||23,900|34|||23,934|
|Miscellaneous
Funds|||2,793|46|(30)|423|3,232|
|Hardship
Fund|||1,560|590|(817)|236|1,569|
|Nowak
Family Fund||||100,000|||100,000|
|Keith Paget Fund||||39,290|||39,920|
|Total restricted
funds|||419,296|149,466|(9,437)|59,851|619,176|
|Endowment
funds||||||||
|General
Endowment|Fund||48,065|||7,276|55,341|
|Loosley Endowment|Fund||199,320|||30,171|229,491|
|Pearson Bursary Fund|||81,361|||12,316|93,677|
|Ward's Scholarship|Fund||72,889|||11,033|83,922|
|J H Edwards Bequest Fund|||38,531|||5,832|44,363|
|Sibly Scholarship
Fund|||49,246|||7,454|56,700|
|Wilson Scholarship|Fund||22,176|||3,357|23,533|
|Total endowment|funds||511,588|||77,439|589,027|
|Total funds|||1,577,547|175,539|(26,748)|235,175|1,961,513|
##
##
|||||||Balance|
|---|---|---|---|---|---|---|
|||Balance|||Investment|31|
|||1 September|Incoming|Resources|Gains|August|
|||2019|Resources|Expended|l(losses)|2020|
|Unrestricted
funds|||||||
|General
Fund||146,714|2,922|(19,443)|(2,225)|127,968|
|Lewis Bequest||413,523|8,234|(5,838)|(6,272)|409,647|
|Trustees Discretionary|Fund|108,640|3,680|(1,624)|(1,648)|109,048|
|Total unrestricted
funds||668,877|14,836|(26,905)|(10,145)|646,663|
|Restricted funds|||||||
|General
Endowment
Fund||3,632|72|(30)|(55)|3,619|
|Loosley Endowment
Fund||43,648|869|(388)|(662)|43,467|
|Pearson
Bursary Fund||4,159|83|(1,234)|(63)|2,945|
|Ward's Scholarship
Fund||57,135|1,139|(2,008)|(867)|55,449|
|J H Edwards
Bequest Fund||17,574|350|(156)|(267)|17,501|
|Sibly Scholarship
Fund||19,532|389|(174)|(296)|19,451|
|Wilson Scholarship
Fund||12,472|248|(111)|(189)|12,420|
|Selwyn Bursary
Fund||74,127|1,476|(1,989)|1,124)|72,490|
|Bursaries
Fund||93,417|1,860|(830)|(1,417)|93,030|
|Burnet Ward Bursary||68,717|1,528|(611)|(1,042)|68,592|
|Educational
Grants fund||1,106|22|(10)|(17)|1,101|
|Honours
Boards||881|118|(8)|(13)|978|
|Prep School Sports Pavilion||23,568|332|||23,900|
|Miscellaneous
Funds||2,805|56|(25)|(43)|2,793|
|Hardship
Fund|||12,560|(11,000)||1,560|
|Total restricted
funds||422,823|21,102|(18,574)|(6,055)|419,296|
|Endowment
funds|||||||
|General
Endowment
Fund||48,805|||(740)|48,065|
|Loosley Endowment
Fund||202,390|||(3,070)|199,320|
|Pearson
Bursary Fund||82,604|||(1,253)|81,361|
|Ward's Scholarship
Fund||74,012|||(1,123)|72,889|
|J H Edwards Bequest Fund||39,124|||(593)|38,531|
|Sibly Scholarship
Fund||50,004|||(758)|49,246|
|Wilson Scholarship
Fund||22,518|||(342)|22,176|
|Total endowment
funds||519,467|||(7,879)|511,588|
|Total funds||1,611,167|35,938|(45,479)|(24,079)|1,577,547|