## 



||`Page`|
|---|---|
|`Trustees,officersandadvisers`||
|`ReportoftheTrustees`|`4-17`|
|`IndependentAuditor'sReport`|`18-21`|
|`Consolidatedstatementoffinancialactivities`|`22`|
|`Balancesheets`|`23`|
|`Consolidatedcashflowstatement`|`24`|
|`Notestothefinancialstatements`|`25`<br>`—50`|











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|`THEDEANCLOSE`|`FOUNDATION`|`FOUNDATION`|`FOUNDATION`||||||
|---|---|---|---|---|---|---|---|---|
|`CONSOLIDATEDSTATEMENTOFFINANCIALACTIVITIES`||||||`FORTHE`|`YEARENDED`||
|`31AUGUST2022(incorporatinga consolidated`|||||`IncomeandExpenditure`||`account)`||
||||`Unrestricted`||`Restricted`|`Endowed`|||
||||`funds`||`funds`|`funds`|`Total`|`Total`|
||`Notes`||`2022`||`2022`|`2022`|`2022`|`2021`|
||||`£`||`£`|`£`|`£`|`£`|
|`Incomefrom:`|||||||||
|`Charitableactivities`|||||||||
|`Schoolfeesreceivable`<br>`Ancillarytradingincome`|`&`<br>`NM`||`22,532,816`<br>`289,940`|<br>|`-`<br>`-`|`-`<br>`-`|`22,532,816`<br>`289,940`|`20,067,790`<br>`261,817`|
|`Governmentgrantincome`||||`-`|`-`|`-`|`-`|`231,398`|
|`Othertradingactivities`|||||||||
|`Non-ancillarytradingincome`||`3`|`4,946,671`||`-`|`-`|`4,946,671`|`4,037,285`|
|`investments`<br>`Investmentincome`|`41(c)`||`68,704`||`35,825`|`-`|`104,529`|`99,495`|
|`Bankandotherinterest`|||`13,355`||`-`|`-`|`13,355`|`18,699`|
|`Voluntarysources`|||||||||
|`Grantsanddonations`|||`49`||`198,385`|`-`|`198,434`|`578,950`|
|`Totalincomingresources`|||<br> <br>`27,851,535`|<br> <br>|<br> <br>`234,210`|<br> <br>`-`|<br> <br>`28,085,745`|<br> <br>`25,295,434`|
|`Expenditureon:`|||||||||
|`Raisingfunds`|||||||||
|`Non-ancillarytrading`|`3`||`4,039,683`||`-`|`-`|`4,039,683`|`3,274,058`|
|`Financingcosts`|||`356,330`||`-`|`-`|`356,330`|`284,242`|
|`Investmentmanagement`|||`22,690`||`723`||`23,413`|`22,004`|
|`Fundraisinganddevelopment`|||`117,952`||`-`|`-`|`117,952`|`76,073`|
|`Totaldeductiblecosts`|`7`||<br>`4,536,655`|<br>|<br>`723`|<br>`-`|<br>`4,537,378`|<br>`3,656,377`|
|`Charitableactivities`|||||||||
|`Educationandgrantmaking`|||`23,588,453`||`102,055`|`-`|`23,690,508`|`21,427,899`|
|`Totalexpenditure`|`7`||<br> <br>`28,125,108`|<br> <br>|<br> <br>`102,778`|<br> <br>`-`|<br> <br>`28,227,886`|<br> <br>`25,084,276`|
|`Net(outgoing)/incomingfunds`|`from`||`(273,573)`||`131,432`|`-`|`(142,141)`|`211,158`|
|`operationsbeforetransfersand`|||||||||
|`investmentgains`|||||||||
|`(Losses)/gainsoninvestments`|||`(330,460)`||`(10,525)`|`-`|`(340,985)`|`477,101`|
|`Transfersbetweenfunds`|||`522,786`||`(503,135)`|`(19,651)`|`-`|`-`|
|`Netmovementinfunds`|||<br>`(81,247)`|<br>|<br>`(382,228)`|<br>`(19,651)`|<br>`(483,126)`|<br>`688,259`|
|`Fundbalancesat1 September2021`|||`16,753,380`||`759,346`|`530,587`|`18,043,313`|`17,355,054`|
|`Fundbalancesat31August`|||||||||
|`2022`|`18`||`16,672,133`<br>|<br>|`377,118`<br>|`510,936`<br>|`17,560,187`<br>|`18,043,313`<br>|
|`Thenotesonpages25to50form`|`part`|`ofthesefinancial`||`statements.`|||||
||||||`99`||||






||||`Group`|`Group`|<br>`Foundation`|<br>`Foundation`|<br>`Foundation`|
|---|---|---|---|---|---|---|---|
|||`Notes`|`2022`|`2021`|`2022`|<br>`2021`||
||||`£`|`£`|<br>`£`||`£`|
|`Fixedassets`||||||||
|`Intangible`|||`554,441`|`665,329`||`:`|`-`|
|`Negativegoodwill`<br>`Tangible`||`10`|`(60,809)`<br>`31,863,321`|`(76,670)`<br>`31,969,783`|`(60,809)`<br>`31,621,877`|<br>`(76,670)`<br> `=31,755,723`||
|`Investments`||`11`|`3,088,732`|`3,381,739`|`4,719,121`|<br>`5,123,016`||
||||<br>`35,445,685`|<br>`35,940,181`|<br>`36,280,189`|<br> <br>`36,802,069`||
|`Currentassets`||||||||
|`Stocks`|||`137,121`|`120,031`|`14,239`|<br>`12,814`||
|`Debtors`||`12`|`1,657,162`|`1,606,685`|`1,486,017`|<br>`1,448,419`||
|`Cashatbankandinhand`|||`84,724`|`74,293`|`28,659`|<br>`45,088`||
||||<br>`1,879,007`|<br>`1,801,009`|<br>`1,528,915`|<br> <br>`1,506,321`|<br>|
|`Currentliabilities`||||||||
|`Creditorspayablewithinoneyear`||`13`|`(9,493,118)`|`(9,634,753)`|<br>`(10,046,065)`|<br>`(10,209,902)`||
|`Netcurrentliabilities`|||`(7,614,111)`|`(7,833,744)`|`(8,517,150)`|<br>`(8,703,581)`||
|`Totalassetslesscurrent`|`liabilities`||`27,831,574`|`28,106,437`|`27,763,039`|<br>`28,098,488`||
|`Longtermliabilities`||||<br>|<br>|<br>|<br>|
|`Creditorspayableafteroneyear`||`14`<br>`(10,271,387)`||`(10,063,124)`|`(10,210,802)`|<br>`(10,063,124)`||
|`Netassets`|||<br> <br>`17,560,187`|<br> <br> <br>`18,043,313`|<br> <br> <br>`17,552,237`|<br> <br> <br> <br>`18,035,364`|<br> <br> <br>|
|`Financedby:`||||||||
|`Endowedfunds`||`18a`|`510,936`|`530,587`|`510,936`|<br>`530,587`||
|`Restrictedfunds`||`18b`|`377,118`|`759,346`|`377,118`|<br>`759,346`||
|`Unrestrictedfunds`||`18c`|`16,672,133`|`16,753,380`|`16,664,183`|<br>`16,745,431`||
|`Totalfunds`||`18`|<br>`17,560,187`<br>|<br> <br>`18,043,313`<br> <br>|<br> <br>`17,552,237`<br> <br>|<br> <br> <br>`18,035,364`<br> <br>|<br> <br> <br> <br>|
|`Thenetresultforthefinancialyear`||`dealtwithinthefinancialstatementsoftheparentcharity`||||`wasa deficitof`||
|`£483,126(2021:surplus`|`£688,259).Thefinancialstatementswereapproved`||||`andauthorised`|`forissuebythe`||
|`BoardofTheDeanClose`<br>|`Foundationon3 December2022and`<br>|||`signedonits`|`behalfby:`|||
|`—Cd`<br>|<br>`-`<br>|`KathrynCarden`<br>`hairman`<br>||||||
||`-`<br>|`MatthewSmith`||||||
|||`Treasurer`||||||
|`Thenotesonpages25to`|`50form`|`partofthesefinancialstatements.`||||||
||||`DR`|||||








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|`THE`|`DEANCLOSEFOUNDATION`|`DEANCLOSEFOUNDATION`||||||
|---|---|---|---|---|---|---|---|
|`NOTES`|`TOTHEFINANCIALSTATEMENTSFORTHE`|||`YEAR`|`ENDED31`|`AUGUST`|`2022`|
|`(CONTINUED)`<br>||||||||
|`4`|`Charitableactivities- ancillarytrading`||`income`|||||
|||||||`2022`|`2021`|
|||||||`£`||
||`Registrationfees`|||||`29,837`|`36,355`|
||`Holidaycourses`|||||`918`|`130,650`|
||`Pupilsinsurancediscounts`|||||`1,051`|`12,529`|
||`Sundryreceipts`|||||`136,743`|`68,483`|
||`Schooltripsandactivities`|||||`121,391`<br>|<br>`13,800`<br>|
|||||||<br>`289,940`|<br> <br>`261,817`|
||`Netincoming/(outgoing)`|`resources`||||||
||`Thisisstatedaftercharging/(crediting):`|||||||
|||`Group`|`Foundation`||`Group`||`Foundation`|
|||`2022`||`2022`|`2021`||`2021`|
|||`£`||`£`|||`£`|
||`Depreciationoftangible`|||||||
||`fixedassets`|||||||
||`-Owned`|`1,429,402`|`1,375,139`||`1,221,737`||`1,175,416`|
||`-Heldunderhire`|`25,976`|`14,429`|||||
||`purchase`|||||||
||`Amortisationofgoodwill`|`110,888`|||`110,888`|||
||`Amortisationofnegative`|`(15,861)`|`(15,861)`||`(2,643)`||`(2,643)`|
||`goodwill`|||||||
||`Auditor’sremuneration:`|||||||
||`-Feespayableforthe`|||||||
||`auditofthefinancial`|`30,000`|`24,000`||`26,550`||`21,350`|
||`statements`|||||||
||`-Taxandotheradvisory`|`2,500`|||`2,000`|||
||`services`|||||||
||`Operatingleases:`|||||||
||`-LandandProperty`|`406,949`|`406,949`||`320,919`||`320,919`|
||`Interestpayable`|||||||
||`-Underhirepurchase`|`9,228`||`4,582`||||
||`-Other`|`300,338`|`300,338`||`254,683`||`254,683`|
||`(Profit)/lossondisposal`|`(81,867)`|`(81,867)`||`3,160`||`3,160`|
||`oftangiblefixedassets`|||||||









||||`Other`||`Total`|`Total`|
|---|---|---|---|---|---|---|
|||`Staffcosts`|`costs`|`Depreciation`|`2022`|`2021`|
|||`£`|`£`|`£`|`£`|`£`|
||`Costsofgeneratingfunds`||||||
||`Tradingcosts`|`2,831,618`|`1,142,254`|`65,811`|`4,039,683`|`3,274,058`|
||`Financingcosts`|`-`|`356,330`|`-`|`356,330`|`284,242`|
||`Investmentmanagement`||||||
||`fees`|`-`|`23,413`|`-`|`23,413`|`22,004`|
||`Developmentcosts`|`74,414`|`43,538`|`-`|`117,952`|`76,073`|
||`Totalcostsofgenerating`|<br>`2,906,032`|<br>`1,565,535`|<br> <br>`65,811`|<br> <br>`4,537,378`|<br> <br>`3,656,377`|
||`funds`|||<br>|<br>|<br>|
||`Charitableactivities`|||<br>|<br>|<br>|
||`Educationandgrantmaking`||||||
||`Teaching`|`11,180,808`|`762,544`|`-`|`11,943,352`|`11,169,136`|
||`Welfare`|`756,664`|`1,832,477`|`-`|`2,589,141`|`2,342,690`|
||`Premises`|`482,696`|`2,394,948`|`777,535`|`3,655,179`|`2,914,216`|
||`Supportcostsand`||||||
||`governance`|`2,557,857`|`2,238,830`|`612,032`|`5,408,719`|`4,869,058`|
||`Grants,awardsandprizes`|`-`|`94,117`|`-`|`94,117`|`132,799`|
||`Totalcharitable`|<br>`14,978,025`|<br>`7,322,916`|<br> <br>`1,389,567`|<br> <br>`23,690,508`|<br> <br>`21,427,899`|
||`expenditure`||||||
||`Totalexpended`|<br>`17,884,057`|<br>`8,888,451`|<br> <br>`1,455,378`|<br> <br>`28,227,886`|<br> <br>`25,084,276`|
|`7`|`(b)Governanceincludedin`|`supportcosts`|||||
||||||`2022`|`2021`|
||||||`£`|`£`|
||`Remunerationpaidtoauditor`||||`30,000`|`26,550`|
||`Reimbursementofpersonal`|`expensestoTrustees`|||`3,967`|`735`|
||`Othergovernancecosts`||||`5,332`|`5,018`|
||||||`39,299`|`32,203`<br>|
||`OftheTrustees6 (2021:2)`|`receiveda total`|`of£3,967(2021:£735)in`||`respectofrepaymentoftravel`||
||`andaccommodationcostsandattendanceat`||`trainingandconferences.`||||












||`Freehold`|`Assets`||<br>`Fixtures`|||
|---|---|---|---|---|---|---|
||`landand`|`under`||<br>`and`|`Plantand`||
||`property`|`construction`||<br>`fittings`|`equipment`|`Total`|
||`£`||`£`|<br>`£`||`£`|
|`Cost`|||||||
|`At1 September2021`|`37,369,001`|`1,248,046`||<br>`3,109,087`|`4,736,690`|`46,462,824`|
|`Additions`<br>`Transfers`<br>`Disposals`|`592,232`<br>`1,248,046`<br>`(167,724)`|`-`<br>`(1,248,046)`<br>`-`||<br>`511,704`<br> <br>`-`<br> <br>`(196,250)`|`381,259`<br>`-`<br>`(314,161)`|`1,485,195`<br>`-`<br>`(678,135)`|
|`At31August2022`|`39,041,555`||<br>`-`|<br> <br>`3,424,541`|<br>`4,803,788`|<br>`47,269,884`|
|`Depreciation`<br>`At1 September2021`<br>`Chargefortheyear`<br>`Disposals`|`9,620,999`<br>`776,363`<br>`(33,305)`||<br>`-`<br>`-`<br>`-`|<br> <br>`2,022,552`<br> <br>`380,084`<br> <br>`(196,250)`|<br>`2,849,490`<br>`298,931`<br>`(312,301)`|<br>`14,493,041`<br>`1,455,378`<br>`(541,856)`|
|`At31August2022`|`10,364,057`||<br>`-`|<br> <br>`2,206,386`|<br>`2,836,120`|<br>`15,406,563`|
|`Netbookvalue`|||||||
|`At31August2022`|`28,677,498`||`-`|<br>`=1,218,155`|`1,967,668`|`31,863,321`|
|`At31August2021`|<br>`27,748,002`|<br>`1,248,046`||<br> <br>`1,086,535`|<br>`1,887,200`|<br>`31,969,783`|
|`Thenetbookvalueofassets`|`heldunderfinance`|<br> `leasesorhire`|<br>`purchasecontracts`||<br> `includedabove`|<br> `withinPlant`|
|`andEquipmentis£228,973(2021:ENil).`|||||||
|`Tangiblefixedassets- TheDeanCloseFoundation`|||||||
||`Freehold`|`Assetsunder`||`Fixtures`|||
||`landand`|`construction`||`and`|`Plantand`||
||`property`|`£`||`fittings`|`equipment`|`Total`|
||`£`|||`£`|`£`|`£`|
|`Cost`|||||||
|`At1 September2021`|`37,369,001`|`1,248,046`||`2,888,452`|`4,526,648`|`46,032,147`|
|`Additions`|`592,232`|`-`||`438,202`|`361,567`|`1,392,001`|
|`Transfers`|`1,248,046`|`(1,248,046)`||`-`|`-`|`-`|
|`Disposals`|`(167,724)`|`-`||`(196,250)`|`(314,161)`|`(678,135)`|
|`At31August2022`|`39,041,555`|<br>`-`|<br>|<br> <br>`3,130,404`|<br> <br>`4,574,054`|<br> <br>`46,746,013`|
|`Depreciation`||||<br>|<br>|<br>|
|`At1 September2021`|`9,621,000`|`-`||`1,904,210`|`2,751,214`|`14,276,424`|
|`Chargefortheyear`|`776,363`|`-`||`330,698`|`282,507`|`1,389,568`|
|`Disposals`|`(33,305)`|`-`||`(196,250)`|`(312,301)`|`(541,856)`|
|`At31August2022`|<br>`10,364,058`|<br>`-`|<br>|<br> <br>`2,038,658`|<br> <br>`2,721,420`|<br> <br>`15,124,136`|
|`Netbookvalue`|||||||
|`At31August2022`|`28,677,497`|`-`||`1,091,746`|`1,852,634`|`31,621,877`|
|`At31August2021`|<br>`27,748,001`|<br>`1,248,046`|<br>|<br> <br>`984,242`|<br> <br>`1,775,434`|<br> <br>`31,755,723`|
|`Thenetbookvalueofassetsheldunderfinance`||<br> `leasesorhire`|<br>|<br> <br>`purchasecontracts`|<br> <br> `includedabove`|<br> <br> `withinPlant`|
|`andEquipmentis£125,054(2021:ENil).`|||||||






|`11(a)`|<br>`Investments`||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||`Group`|`Group`|
||||||||||`2022`|`2021`|
||||||||||`£`|`£`|
||`At1 September2021`<br>`Realised(losses)/gains`<br>`Unrealised(losses)/gains`<br>`Managementfees`<br>`Dividendsreinvested`||||||||`3,381,739`<br>`(44,409)`<br>`(296,576)`<br>`(23,412)`<br>`71,390`|`2,862,746`<br>`61,963`<br>`415,138`<br>`(22,004)`<br>`63,896`|
||`At31August2022`||||||||`3,088,732`|`3,381,739`|
||`Detailsoftheadditionsanddisposalsduring`|||`theyear`|||`areshownin`|`theCashFlowStatement.`|||
||`Thesebalancescanbefurtheranalysedasfollows:`||||||||||
|||||`Group`||`_‘Foundation`|||`Group`|`Foundation`|
||||||`2022`||`2022`||`2021`|`2021`|
||||||`£`||`£`||`£`|`g`|
||`(a)`<br>`Investmentinsubsidiaries`|||||`-`|`1,630,389`||`-`|`1,741,277`|
||`(b)`<br>`OtherInvestments`||`2,785,097`||||`2,785,097`||`3,290,224`|`3,290,224`|
||`atmarketvalue:`||||||||||
||`(c)`<br>`Investmentsheldincash`||`303,635`||||`303,635`||`91,515`|`91,515`|
||||<br>`3,088,732`|||<br>|<br> <br>`4,719,121`|<br> <br>|<br> <br>`3,381,739`|<br> <br>`5,123,016`|
|`11(b)`|`Investments— Group`||||||<br>|<br>|<br>|<br>|
||`Investments`<br>`held`<br>`onnon-UK`|`stock`|`markets`||`totalled`||`£615,144`|`(2021:`|<br>`£704,536).`|`Within`<br>`the`|
||`investmentportfolio,therearenospecificinvestments`||||||`whichrepresentmorethan5%`|||`oftheoverall`|
||`investmentportfolio(2021:515`|`unitsofEdgewoodL SelectFund(USSelectGrowth)`||||||||`witha market`|
||`valueof£188,046).`||||||||||
||`Themarketvaluesofquotedinvestmentsheld`||||<br>`at`|`31`|`August2022`|`are`|`basedupon`|`stockmarket`|
||`quotedpricesattheyearenddate.`||||||||||
|`11(c)`|`Investmentincome`||||||||||
||||||||||`2022`|<br>`2021`|
||||||||||`£`||
||`Dividendsfrommanagedfunds`||||||||`70,385`|<br>`65,808`|
||`Interestongovernmentstocks`||||||||`97`|<br>`187`|
||`Interestoncashdeposits`||||||||`547`||
||`Rentalincomeonproperty`||||||||`33,500`|<br>`33,500`|
||||||||||`104,529`|<br>`99,495`|





|`THE`|`DEANCLOSEFOUNDATION`|||||
|---|---|---|---|---|---|
|`NOTESTOTHEFINANCIALSTATEMENTS`<br>`(CONTINUED)`||`FORTHEYEARENDED`||<br>`31AUGUST2022`||
|`12`|`Debtors`|||||
|||`Group`|`Foundation`|`Group`|`Foundation`|
|||`2022`|`2022`|`2021`|`2021`|
|||`£`|`£`|`£`|`g`|
||`Feesandextras(lessprovisionfor`|||||
||`baddebts)`|`996,549`|`969,921`|`1,035,390`|`1,000,651`|
||`Otherdebtors`|`182,644`|`92,362`|`143,588`|`71,868`|
||`Prepaymentsandaccruedincome`|`477,969`|`423,734`|`427,707`|`375,900`|
|||<br>`1,657,162`<br>|<br>`1,486,017`<br>|<br>`1,606,685`<br>|<br>`1,448,419`<br>|
||`Feesandextrasarestatedafterimpairment`|`provisionstotalling£487,140(2021:£415,411).`||||
|`13`|`Creditors:amountsfallingduewithin`|`oneyear`||||
|||`Group`|`Foundation`|`Group`|`Foundation`|
|||`2022`|`2022`|`2021`|`2021`|
|||`£`|`£`|`£`|`£`|
||`Bankloans(seenote14)`|`431,511`|`431,511`|`385,000`|`385,000`|
||`Otherloan(seenote14)`|`71,376`|`71,376`|`71,376`|`71,376`|
||`Bankoverdraft`|`220,262`|`220,262`|`19,801`|`19,801`|
||`Feesreceivedinadvance`|`3,042,358`|`3,042,358`|`2,139,233`|`2,139,233`|
||`Tradecreditors`|`873,191`|`765,012`|`813,235`|`738,298`|
||`Amountsowedtosubsidiaries`|`-`|`850,736`|`-`|`882,212`|
||`Taxationandsocialsecurity`|`1,321,800`|`1,321,800`|`2,200,319`|`2,200,319`|
||`Othercreditors`|`291,500`|`259,450`|`300,983`|`280,200`|
||`Accrualsanddeferredincome`|`701,120`|`560,808`|`879,409`|`668,066`|
||`Obligationsunderfinanceleaseand`|`37,933`|`20,685`|`-`|`-`|
||`hirepurchasecontracts(seenote16)`|||||
||`Depositsheld`|`1,676,441`|`1,676,441`|`2,235,923`|`2,235,923`|
|||<br>`8,667,492`|<br>`9,220,439`|<br>`9,045,279`|<br>`9,620,428`|
||`Compositionfees(seenote15)`|`825,626`|`825,626`|`589,474`|`589,474`|
|||<br>`9,493,118`<br>|<br>`10,046,065`<br>|<br>`9,634,753`<br>|<br>`10,209,902`<br>|












## 

||||`Group`|`Foundation`|`Group`|`Group`|`Foundation`|
|---|---|---|---|---|---|---|---|
||||`2022`|`2022`|`2021`||`2021`|
||||`£`|`£`||`£`|`£`|
||`Financialassetsmeasured`|`atfair`|`3,088,732`|`3,088,732`|`3,381,739`||`3,381,739`|
||`value`|||||||
||<br>`Financialassetsheldatfairvalueincludeassetsheldasinvestments.`|||||||
|`18`|`Netassetsofthefunds`|`oftheGroup`|`andTheDeanCloseFoundation`|||||
||`Thenetassetsheldasat31August2022forthevariousfundsareasfollows:`|||||||
|||`Goodwill`|`Fixedassets`|<br>`Netcurrent`||||
|||`on`|`and`|<br>`(liabilities)/`|<br>`|Long`|`term`||
||`consolidation`||`Investments`|<br>`assets`|<br>`liabilities`||`Total`|
|||`£`|`£`|<br>`£`||`£`|`£`|
||`Endowedfunds`|`-`|`510,936`||`-`|`-`|`510,936`|
||`Restrictedfunds`|`-`|`377,118`||`-`|`-`|`377,118`|
||`Generalfunds`|`-`|`35,392,135`|<br>`(8,517,150)`|<br>`(10,210,802)`||`16,664,183`|
||`Foundation`|<br>`-`|<br> <br>`36,280,189`|<br> <br> <br> <br>`(8,517,150)`|<br> <br> <br> <br>`(10,210,802)`||<br> <br> <br>`17,552,237`|
||`Subsidiaryandother`|<br>`(945,947)`|<br> <br>`241,443`|<br> <br> <br>`903,039`|<br> <br> <br>`(60,585)`||<br> <br>`137,950`|
||`funds`|||||||
||`Consolidation`|`1,500,388`|`(1,630,388)`||`-`|`-`|`(130,000)`|
||`adjustments`||<br>|<br> <br>|<br> <br>|<br> <br>|<br> <br>|
||`Group`|`554,441`<br>|`34,891,244`<br> <br>|<br>`(7,614,111)`<br> <br> <br>|<br>`(10,271,387)`<br> <br> <br>||`17,560,187`<br> <br> <br>|





|`THE`|`DEANCLOSEFOUNDATION`|`DEANCLOSEFOUNDATION`|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|`NOTES`|`TOTHEFINANCIAL`|`STATEMENTSFORTHEYEARENDED`||||||<br>`31AUGUST2022`|||
|`(CONTINUED)`|||||||||||
|`18`|`Netassetsofthefunds`|`oftheGroup`|`and`|`theDeanCloseFoundation(continued)`|||||||
|||`Goodwill`|`Fixed`|`assets`|`Netcurrent`||||||
|||`on`||`and`|`assets/`||`Longterm`||||
||`Comparative2021`<br>`consolidation`||`Investments`||`(liabilities)`|||`liabilities`||`Total`|
|||`£`||`£`|`£`|||`£`||`£`|
||`Endowedfunds`|`-`||`530,587`|`-`||||`-`|`530,587`|
||`Restrictedfunds`|`-`||`759,346`|`-`||||`-`|`759,346`|
||`Generalfunds`|<br>`-`|<br>`35,512,136`||<br>`(8,703,581)`||<br>`(10,063,124)`||<br>|<br>`16,745,431`|
||`Foundation`|`-`|`36,802,069`||`(8,703,581)`||`(10,063,124)`|||`18,035,364`|
||`Subsidiaryand`|<br>`(945,947)`|<br>`214,059`||<br>`869,837`|||<br>`-`|<br>|<br>`137,949`|
||`otherfunds`||||||||||
||`Consolidation`|`1,611,276`|`(1,741,276)`||`-`||||`-`|`(130,000)`|
||`adjustments`||||||||||
||`Group`|<br>`665,329`|<br>`35,274,852`||<br>`(7,833,744)`||<br>`(10,063,124)`||<br>|<br>`18,043,313`|
|`18(a)`|`Endowedfunds:Movementsintheyear`|||`(Group`|`andFoundation)`||||||
|||||||||||`Balance`|
|||`Balanceat`||||||||`at31`|
|||`1September`||`Incoming`|<br>`Amounts`|||||`August`|
|||`2021`|`endowments`||<br>`expended`|||`Transfers`||<br>`2022`|
|||`£`||`£`||`£`|||`£`|<br>`£`|
||`Permanentendowments:`||||||||||
||`ArtsCouncilGrant`|`530,587`|||`-`|`-`||`(19,651)`||<br>`510,936`|
||`ThegrantreceivedfromtheArtsCouncil`||<br>`inrespectof`||<br>`theconstruction`||`in`|<br>`1997of`|<br>`the`|<br> <br> `newMusic`|
||`Schoolamountedto£982,561.Thisisbeingamortisedovertheuseful`|||||`lifeof`||`theMusic`||`School,with`|
||`theamortisationchargeof£19,651forthe`||`year`|`beingtransferredtounrestrictedfunds.`|||||||
||`Thegrantisanendowment`|`fundbyvirtue`|`ofits`|`purpose`|`beingtoprovide`||`Artsinthe`||`communityby`||
||`buildingtheMusicSchoolandissubjectto`||`certainconditionsbeingmet.`||||||||
|||||||||||`Balance`|
||`Comparative2021`|`Balanceat`||||||||`at31`|
|||`1September`||`Incoming`|<br>`Amounts`|||||`August`|
|||`2020`|`endowments`||<br>`expended`|||`Transfers`||<br>`2021`|
|||`g`||`£`||`£`|||`£`|<br>`£`|
||`Permanentendowments:`||||||||||
||`ArtsCouncilGrant`|`550,238`|||`-`|`-`||`(19,651)`||<br>`530,587`|
||||`45`||||||||












# 






|`THEDEANCLOSEFOUNDATION`|`THEDEANCLOSEFOUNDATION`|`THEDEANCLOSEFOUNDATION`|`THEDEANCLOSEFOUNDATION`||||
|---|---|---|---|---|---|---|
|`NOTESTOTHEFINANCIAL`|`STATEMENTSFOR`|||`THEYEAR`|`ENDED`|`31AUGUST2022`|
|`(CONTINUED)`|||||||
|`24`<br>`ConsolidatedStatement`||`ofFinancialActivities- Comparativefiguresbyfund`|||||
||||`Unrestricted`|`Restricted`|`Endowed`||
||||`funds`|`funds`|`funds`|`Total`|
||`Notes`||`2021`|`2021`|`2021`|`2021`|
||||`£`|`£`|`£`|`£`|
|`Incomefrom:`|||||||
|`Charitableactivities`|||||||
|`Schoolfeesreceivable`||`2`|`20,067,790`|`-`|`-`|`20,067,790`|
|`Ancillarytradingincome`||`4`|`261,817`|`-`|`-`|`261,817`|
|`Governmentgrantincome`|||`231,398`|`-`|`-`|`231,398`|
|`Othertradingactivities`|||||||
|`Non-ancillarytradingincome`||`3`|`4,037,285`|`-`|`-`|`4,037,285`|
|`Investments`|||||||
|`Investmentincome`|`11(c)`||`63,878`|`35,617`|`-`|`99,495`|
|`Bankandotherinterest`|||`18,699`|`-`|`-`|`18,699`|
|`Voluntarysources`|||||||
|`Grantsanddonations`|||`3,005`|`575,945`|`-`|`578,950`|
|`Totalincomingresources`|||<br>`24,683,872`|<br>`611,562`|<br>`-`|<br>`25,295,434`|
|`Expenditureon:`|||||||
|`Raisingfunds`|||||||
|`Non-ancillarytrading`||`3`|`3,274,058`|`-`|`-`|`3,274,058`|
|`Financingcosts`|||`284,242`|`-`|`-`|`284,242`|
|`Investmentmanagement`|||`21,325`|`679`|`-`|`22,004`|
|`Fundraisinganddevelopment`|||`76,073`|`-`|`-`|`76,073`|
|`Totaldeductiblecosts`||`7`|<br>`3,655,698`|<br>`679`|<br>`-`|<br>`3,656,377`|
|`Charitableactivities`|||||||
|`Educationandgrantmaking`|||`21,289,782`|`138,117`|`-`|`21,427,899`|
|`Totalexpenditure`||`7`|<br> <br>`24,945,480`|<br> <br>`138,796`|<br> <br>`-`|<br> <br>`25,084,276`|
|`Netoutgoingfundsfromoperations`|||`(261,608)`|`472,766`|`-`|`211,158`|
|`beforetransfersandinvestment`|`gains`||||||
|`Gainsoninvestments`|||`462,374`|`14,727`|`-`|`477,101`|
|`Transfersbetweenfunds`|||`19,651`|`-`|`(19,651)`|`-`|
|`Netmovementinfunds`|||<br>`220,417`|<br>`487,493`|<br>`(19,651)`|<br>`688,259`|
|`Fundbalancesat`<br>`1September`|||||||
|`2020`|||`16,532,963`|`271,853`|`550,238`|`17,355,054`|
|`Fundbalancesat31August`|||||||
|`2021`|`18`||`16,753,380`<br>|`759,346`<br>|`530,587`<br>|`18,043,313`<br>|