## |||||Page| |---|---|---|---|---| |Legal and administrative||information||1 —2| |Report ofthe|Governors|||3 —31| |Report ofthe|independent|auditor||32-35| |Consolidated|statement|offinancial|activities|36 —39| |Balance sheets||||40-41| |Consolidated|cash flow statement|||42| |Notes to the|consolidated|financial|statements|43 - 65| ## |Charity number:|Charity number:|Charity number:|1088030|||| |---|---|---|---|---|---|---| |Company|number:||4238902|||| |Address:|||King Edward|Vl|School|| ||||Wilton Road|||| ||||Southampton|||| ||||Hampshire|||| ||||SO155UQ|||| ||||Telephone:||02380704561|| ||||Email:||bursar|kes.hants. sch.uk| ||||Website:||http://www. kes.hants. sch.uk|| |Professional||advisors:||||| |Auditors:|||Fiander Tovell|Limited||| ||||Chartered
Accountants|||| ||||Registered
Auditors|||| ||||Stag Gates House|||| ||||63/64 The Avenue|||| ||||Southampton|||| ||||SO171XS|||| |Bankers:|||National
Westminster|||Bank pic| ||||68Above Bar|Street||| ||||Southampton|||| ||||SO142DS|||| |Investment||advisors:|Evelyn Partners|||| ||||4e Floor|||| ||||Portwail Place|||| ||||Portwall
Lane|||| ||||Bristol|||| ||||BS16NA|||| |Solicitors:|||Veale Wasbrough||Vizards|| ||||Narrow Quay House|||| ||||Narrow Quay|||| ||||Bristol|||| ||||BS14QA|||| ||||Paris Smith|||| ||||Number
One|||| ||||London Road|||| ||||Southampton|||| ||||SO152AE|||| |Insurance|brokers:||Marsh Brokers|Limited||| ||||Capital House
1-5Perrymount|Road||| ||||Haywards
Heath|||| ||||RH16 3SY|||| |Architects:|||Morse Webb|||| ||||The Byre, Lantern||Courtyard|| ||||The Street|||| ||||Bramley|||| ||||Berkshire|||| ||||RG26 5DE|||| ## |Structural|engineers:||RJ Watkinson
and Partners
Limited| |---|---|---|---| ||||12 High Street| ||||Lyndhurst| ||||SO43 7BD| |Governors|(who are also directors):||| |Patron|||The Lord Lieutenant
for the County ofHampshire| ||||N Atkinson| |Exofficio|Governors||The Incumbent
ofthe Church ofSt Mary, Southampton| ||||Reverend J M Finch| |Nominative|Governors||Hampshire
County Council| ||||Councillor
K Mans FRAeS BA (ceased 31 March 2022)| ||||COunCillar
N Penman
(appointed
15March 2023)| ||||Hampshire
Chamber ofCommerce| ||||Vacant| ||||The Old Edwardians
Association| ||||AJ Connell| ||||The Senate ofthe University
ofSouthampton| ||||H V Nicholson
MA (Oxon) MSc| ||||Southampton
City Council| ||||Councillor
A Winning
(appointed 8September 2022)| ||||T Bell (appointed 13April 2022) (ceased 5 May 2022)| |Co-optative Governors|||N Challis CEng, BEng, MIStructE| ||||M Chaloner| ||||M L Chant (ceased 31 August 2022)| ||||DSDhanda
(appointed 8September 2022)| ||||BE Gay BA (ceased 31 August 2022)| ||||D Geddee
(appointed
8 September 2022)| ||||J J Gray BScFCA| ||||A M Holden (ceased 19April 2022)| ||||ASJones| ||||PS Kirk B.Ed, Cert.Ed.
A0 Knibb| ||||SJ ManCey (ceased 31 March 2022)| ||||DrJ E Mitchell
MA (Cantab), MBBS, DRCOG, DCH| ||||AJ Morgan
MA (Oxon), FCA, ATII (Chair)| ||||C G Musker| ||||W A Osorcft BSC(ceased 29January 2023)| ||||I H Rudland| ||||W P Swinn| ||||Dr A LThomas
MA, PhD (Cantab), CBiol, MRSB| ||||J L WadSWOrlh
(ceased 12May 2022)| |Officers:|||| |Senior School Headmaster|||N T Parker MA (Oxon), M Ed| |Bursar, Clerk to the Governors||and|| |Company|Secretary||RV Maher BAEcon (Hone), ACA| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||e a
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OC0| ## ## |AS AT 31A|UG|UST|2022|||| |---|---|---|---|---|---|---| |||||Notes|2022|2021| |Fixed assets||||||| |Tangible assets||||15|30,728,454|29,728,528| |Investments||||16|10,309,727|9,785,611| ||||||41,038,181|39,514,139| |Current Assets||||||| |Debtors||||17|498,101|432,951| |Cash at bank and in||hand|||4,982,880|4,593,909| ||||||5,480,981|5,026,860| |Creditors: amounts||falling due within one year||18|(2,377,560)|(1,615,492)| |Net current assets|||||3,103,421|3,411,368| |Total assets less current|||liabilities||44,141,602|42,925,507| |Creditors: amounts||falling due after more||||| |than one year||||19|(215,346)|(219,713)| |Self-financing|activities'||net assets||105,363|48,879| |Defined benefit|pension||scheme liability|26||(3,616.000)| |Net assets|||||44,031,619|39,138,673| |Funds||||||| |Endowed funds||||22|3,469,945|3,598,666| |Restricted funds||||23|4,208,661|4,243,005| |Designated
funds||||24|28,873,942|27,750,233| |Revenue fund:||||25||| |Revaluation|reserve||||263,258|263,258| |Dtherfunds|||||7,215,813|3,283,510| ||||||7,479,071|3,546,768| ||||||44,031,619|39,138,673| ## |AS AT 31A|U|G|UST 2022||||| |---|---|---|---|---|---|---|---| ||||||Notes|2022|2021| |Fixed assets|||||||| |Tangible assets|||||15|22,487,136|21,564,865| |Investments|||||16|12,798,275|12,274,159| |||||||35,285,411|33,839,024| |Current Assets|||||||| |Debtors|||||17|6,767,806|6,480,786| |Cash at bank and||in|hand|||4,761,322|4,545,382| |||||||11,529,128|11,026,168| |Creditors: amounts|||falling due within one year||18|(1,778,994)|(1,275,270)| |Net current assets||||||9,750,134|9,750,898| |Total assets less||current liabilities||||45,035,545|43,589,922| |Creditors: amounts|||falling due after more||||| |than one year|||||19|(169,746)|(163,152)| |Self-financing|activities' net assets|||||105,363|48,879| |Defined benefit|pension scheme|||liability|26||(3,616,000)| |Net assets||||||44,971,162|39,859,649| |Funds|||||||| |Endowed
funds|||||22|3,469,945|3,598,666| |Restricted funds|||||23|4,208,661|4,243,006| |Designated
funds|||||24|28,873„942|27,750,233| |Revenue
fund|||||25|8,418,614|4,267,744| |||||||44,971,162|39,859,649| ## ## |||||2022
f|2022
f|2021
6|| |---|---|---|---|---|---|---|---| |Cash generated
by operating
activities|||||3,715,265||2,557,181| |Cash flows from investing
activities|||||||| |Investment
income||||319,746||276,030|| |Payments
to acquire fixed asset investments|||(1,274,872)|||(1,071,514)|| |Proceeds from sale offixed asset investments||||161,693||906,669|| |Payments
to acquire tangible fixed assets|||(2,539,792)|||(1,508,239)|| |Receipts from sale oftangible fixed assets||||6,931||7,286|| |Cash generated
by/(used
in) investing|activities||||(3,326,294)||(1,389,768)| |Cash used in financing
activities|||||||| |(Decrease) / Increase
in cash in the year|||||388,971||1,167,413| |Cash and cash equivalents
at the beginning||ofthe reporting||period|4,593,909||3,426,496| |Cash and cash equivalents
at the end|ofthe|reporting|period||4,982,880||4,593,909| |Reconciliation
of net income/(expenditure)|to net cash flow from|||operating|activities:||| |Net income/(expenditure)
for the reporting|period||||4,892,946||3,785,036| |Adjustments
for:|||||||| |Depreciation
charges|||||1,532„935||1,485,146| |Profit/loss
on disposal offixed assets|||||6,556||1,285| |Unrealised
(gains)/losses
on investment|assets||||541,505||(1,340,454)| |Realised (gains)/losses
on investment
assets|||||41,002||(196,837)| |Investment
income|||||(319,746)||(276,030)| |(Increase)/decrease
in debtors|||||(65,150)||389,399| |Increase/(decrease)
in creditors|||||757,701||(446,985)| |Net (gains)/losses
on pension schemes|||||(3,476,000)||(720,000)| |Employer
contributions
to funded
defined|benefit pension||schemes||(140,000)||(147,000)| |Decrease/(increase)
in self financing
activities' net assets|||||(56,484)||23,621| |Net cash generated
by operating
activities|||||3,715,265||2,557,181| ## ## ## ## ## ## ## ## ## ## ## |FOR|THE YEAR ENDED 31AUGUST 2022|||| |---|---|---|---|---| |1|Accounting
Policies (continued)|||| |1.9|Depreciation
(continued)
i he gain or loss arising on the disposal
of an asset is determined
as the difference between the sale|||| ||proceeds and the carrying value ofthe asset, and is credited or charged to the Statement ofFinancial|||| ||Activities.|||| |1.10|Leasing|||| ||Rentals payable
under operating
leases are charged against income on a straight
line basis over the lease|||| ||term.|||| |1.11|Debtors|||| ||Trade and other debtors are recognised at the settlement
amount due afler any trade discount offered.|||| ||Prepayments
are valued at the amount
prepaid
net ofany trade discounts
due.|||| |1.12|Cash and cash equivalents|||| ||Cash and cash equivalents
include cash
in hand, deposits
held at call with banks,
other short term
investments
with original maturities
ofthree months
or less, and bank overdrafts.||liquid|| |1.13|Creditors and provisions|||| ||Creditors
and provisions
are recognised
where the Charity has a present obligation
resulting
from a
event that is likely to result
in the transfer offunds to a third party, and the amount
due to settle the|past||| ||obligation
can be measured
or estimated
reliably. Creditors and provisions
are normally
recognised
settlement
amount after allowing for any trade discounts
due.|at||their| |1.14|Financial instruments|||| ||The Charity only has financial assets and financial
liabilities ofa kind that qualify as basic financial
instruments.
Basic financial
instruments
are initially recognised at transaction
value and subsequently
measured
at their settlement
value.|||| |1.15|Self-financing
activities|||| ||Receipts collected
and payments
made
by King Edward's
and Stroud
in connection
with
self-financing|||| ||activities
are accounted
for in the Statement
of Financial
Activities as the schools
ultimately
retain
any
surplus
or deficit arising.
These balances are a reflection of the large number of activities
and tdips which
the pupils undertake.|||| |1.16|Employee
benefits|||| ||The costs of short-term
employee
benefits are recognised
as a liability and an expense. The cost of
unused
holiday entitlement
is recognised
in the period
in which the employee's
services are received.|||any| |1.17|Taxation|||| ||The subsidiary
companies
are subject to corporation
tax but liability to tax can be relieved
by way of
Aid distribution
to the parent charity.|a Gift||| ## ## ## ## ## ## ## |group financial|statements
as det|ailed
below:
||| |---|---|---|---|---| |||||8| ||||Stroud|KBL| |Turnover
Rent receivable
Interest receivable|||4,704,777
2,189
194|66,753| |Other operating|income||50,720|| |Operating
expenses
Interest payable|||(4,909,078)
(90,364)|(33,460)| |Net profit/(loss)|before taxation||(241,562)|33,293| |Taxation credit||||| |Net profit/(loss)|after taxation||(241,562)|33,293| |Donation to parent charity||||(10,470)| |Retained loss for the year|||(241,562)|22,823| |At 31August 2022, the aggregate||amount ofnet assets and reserves was as follows:||| |Fixed assets|||7,709,030|| |Current assets
Current
liabilities
Liabilities due in|more than one year||250,580
(6,936,138)
(45,600)|98,159
(59,866)| ||||977,872|38,293| |Represented
by:||||| |Share capital
Revaluation
reserve|||5,945
263,258|5,000| |Other reserves|||708,669|33,293| ||||977,872|38,293| ## ## |4|Fees|||||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||2022|2021| ||(a) Fees consists||of:|||||||| ||Gross fees||||||||21,969,746|20,490,339| ||Less: total bursaries,|||grants and allowances|||||(1,839,651)|(1,951,938)| ||||||||||20,130,095|18,538,401| ||Add back: scholarships,||||grants etc. paid from||unrestdcted,|||| ||restricted
and|designated||||funds|||984,360|979,584| ||||||||||21,114,455|19,517,985| ||(b) The total|grants,||awards and prizes paid for by Trust||||Funds consist of:||| ||||||||||2022|2021| ||Scholarships,|grants||etc.||paid from restricted|and designated|funds|968,919|979,584| ||Prizes and leaving||awards||||||15,441|7,500| ||||||||||984,360|987,084| ## |5|Other income||||||||||2022|2021| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||8|6| ||Insurance
commission||||||||||1,412|15,892| ||Entrance and registration||||fees||||||22,975|24,394| ||Other school income||||||||||216,676|140,646| ||||||||||||241,063|180,932| |6|Donations
and legacies||||||||||2022|2021| ||Unrestricted:||||||||||6|6| ||Other||||||||||50,500|60,000| ||Restricted:|||||||||||| ||EPA Cephalosporin
KES Foundation|Fund|||||||||100,000
11,888|100,000
6,638| ||Other||||||||||305|305| ||Endowed:|||||||||||| ||Other||||||||||54,250|| ||||||||||||216,943|166,943| |7|Expenditure||||||||||2022|2021| ||||||||||||6|6| ||Total expenditure|includes:||||||||||| ||Auditors'
remuneration:|||||||||||| ||-Fees payable for the audit ofthe parent
Fees payable to the charitable
company's|||||||and consolidated
auditor for other|accounts
services:||16,560|14,400| ||-Audit ofthe charitable|||company's|||subsidiaries||||9,280|8,070| ||-Taxation compliance||||||||||1,650|1,440| ||-Advisory and other|services|||||||||1,780|1,500| ||Operating
lease rentals|||||||||||| ||- Plant and machinery||||||||||6,270|19,200| ||-Land and buildings|||||||||||10,400| |8|Employees|||||||||||| ||||||||||||2022|2021| ||||||||||||6|6| ||Total staff costs:|||||||||||| ||Wages and salaries||||||||||10,984,066|10,010,844| ||Social security costs
Pension
contributions||-|defined||contribution||and multi-employer||defined|1,148,667|1,005,421| ||benefit schemes||||||||||1,848,219|1,753,568| ||Operating
costs ofdefined||||benefit||pension|schemes|||331,000|327,000| ||||||||||||14,311,952|13,096,833| ||Pi'ivate medical insurance||||||||||32,300|31,707| ||||||||||||14,344,252|13,128,540| ## ## ## |The average
monthly
number of|employees
in the year was:|||| |---|---|---|---|---| ||Total||Full time|equivalents| ||2022|2021|2022|2021| ||Number|Number|Number|Number| |Teaching|225|220|180|175| |Non-teaching|125|116|79|75| ||350|336|259|250| ||||2022|2021| ||||Number|Number| |Full time|||190|183| |Part time|||160|153| ||||350|336| |The number ofemployees|who had total employee|benefits excluding|employer|pension|contributions|above| |---|---|---|---|---|---|---| |660,000were:||||||| ||||||2022|2021| |||||Number||Number| |660,001 - 670,000|||||15|13| |670,001 - F60,000|||||6|3| |680,001 - 690,000|||||1|2| |690,001 - 6100,000|||||2|| |6100,001 - 6110,000||||||1| |6110,001 - F120,000||||||| |6120,001 - 6130,000||||||| |6130,001 - 6140,000||||||| ## ## |Key mana|gement|remuneration||| |---|---|---|---|---| ||||2022|2021| ||||f|6| |The remuneration||of key management||| |personnel|is as follows:||858,019|756,059| ## ## ## |11|Taxation||||||||2022
6|2021f| |---|---|---|---|---|---|---|---|---|---|---| ||Domestic current year|tax||||||||| ||U.K.corporation
tax|||||||||| ||Total current tax|||||||||| ||Factors affecting the tax (credit)/charge|||||forthe year||||| ||Loss ofsubsidiary
undertakings||on ordinary|||activities before taxation|||(208,269)|(347,388)| ||Loss on ordinary
activities before||taxation||multiplied||by standard|rate of||| ||UK corporation
tax of 19%(2021 - 19%)||||||||(39,571)|(66,004)| ||Effects of:|||||||||| ||Change
in unrecognised|deferred|tax||||||20,457|47,580| ||Permanent
disallowable|expenditure||||||||| ||Adjustments
to previous|periods||||||||| ||Depreciation
on assets not qualifying|||for tax allowances|||||25,439|20,413| ||Losses|||||||||| ||Gift Aid transferto
parent||||||||(6,325)|(1,989)| ||||||||||39,571|66,004| ## ## ## |FO|R THE YEAR|ENDED 31AUG|ENDED 31AUG|ENDED 31AUG|UST 2022|||| |---|---|---|---|---|---|---|---|---| |12|Analysis oftotal|resources expended||||||| ||||||Staff costs|Depreciation|Other|Total| ||||||2022|2022|2022|2022| ||||||6|||6| ||Charitable
activities:|||||||| ||Bus costs||||||907,916|90?,916| ||Teaching costs||||12,013,950|296,591|1,159,508|13,470,049| ||Welfare costs||||129,280|87,339|1,222,599|1,439,218| ||School premises||||580,455|1,146,532|1,087,802|2,814,789| ||Other premises||||138,003||166,233|304,236| ||Supportcosts||||1,479,136||588,827|2,067,963| ||Bursaries, grants,|awards||and prizes|||984,360|984,360| ||||||14,340,824|1,530,462|6,117,245|21,988,531| ||Governance costs||||||50,633|50,633| ||Costs ofgenerating||funds:|||||| ||Marketing
and publicity||||||185,752|185,752| ||Self-financing
activities||||||451,789|451,789| ||||||||637,541|637,541| ||Other resources|expended:||||||| ||Taxation ofsubsidiary|||||||| ||Total resources|expended|||14,340,824|1,530,462|6,805,419|22,676,705| ||||||Staff costs|Depreciation|Other|Total| ||||||2021
6|2021f|2021
6|2021
6| ||Charitable
activities:|||||||| ||Bus costs||||||640,532|640,532| ||Teaching costs||||11,018,401|261,086|985,694|12,265,181| ||Welfare costs||||96,931|66,664|1,008,753|1,172,348| ||School premises||||534,338|1,157,397|1,073,799|2,765,534| ||Other premises||||132,931||130,170|263,101| ||Support costs||||1,471,663||485,959|1,957,622| ||Bursaries, grants,|awards||and prizes|||987,084|987,084| ||||||13,254,264|1,485,147|5,311,991|20,051,402| ||Governance costs||||||44,517|44,517| ||Costs ofgenerating||funds:|||||| ||Marketing
and publicity||||||104,819|104,819| ||Self-financing
activities||||||329,127|329,127| ||||||||433,946|433,946| ||Otherresources|expended:||||||| ||Taxation ofsubsidiary|||||||| ||Total resources|expended|||13,254,264|1,485,147|5,790,454|20,529,865| ## ## |FO|R THE YEA|R ENDE|D|31AUGUST 2|022||| |---|---|---|---|---|---|---|---| |13|Transfers|||||2022|2021| |||||||6|6| ||From Revenue|fund to:|||||| ||Capital reserve
Bursary grants|and allowances||||1,225,867
800,339|975,868| ||Net transfers
from Revenue||fund|||2,026,206|975,866| ||From Endowed|to Designated||funds:|||| ||School contribution
to bursaries|||paid from endowed|funds||| ## |2022|2021| |---|---| |8|6| ||96,675| ||||||lg0I-|W||cf
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(L (0| ## ## |FO|R THE YEAR ENDED|31AUGUS|T 2022|||| |---|---|---|---|---|---|---| |16|Investments|||||| ||Group:|||||| |||Managed|Other listed|Shares in|Total|Total| |||funds|investments|group|2022|2021| |||||undertakings||| ||||6|6||| ||Market value|||||| ||At 1 September 2021|9,785,611|||9,785,611|8,084,760| ||Disposal|(202,695)|||(202,695)|(709,832)| ||Additions|1,268,316|||1,268,316|1,070,229| ||Change
in market value|(541,505)|||(541,505)|1,340,454| ||At 31 August 2022|10,309,727|||10,309,727|9,785,611| ||Historical cost|9,371,121|||9,371,121|8,305,500| ||Parent:|||||| |||Managed|Other listed|Shares in|Total|Total| |||funds|investments|gl'oup|2022|2021| |||||undertakings||| |||||6||| ||Market value|||||| ||At 1 September 2021|9,785,611||2,488,548|12,274,159|10,573,308| ||Disposal|(202,695)|||(202,695)|(709,832)| ||Additions|1,268,316|||1,268,316|1,070,229| ||Change
in market value|(541,505)|||(541,505)|1,340,454| ||At 31August 2022|10,309,727||2,488,548|12,798,275|12,274,159| ||Historical cost|9,371,121||2,488,548|11,859,669|10,794,048| |The charitable
company
hold|s more than|20%ofthe share|capital ofthe follow|ing
companies|:| |---|---|---|---|---|---| |Company|Country|of registration|Principal|Class|Shares held| ||or incorporation||activity||| |Subsdiary
undertakings|||||| |Stroud School Limited|England|&Wales|School|Ordinary|100| |KES Bookings Limited|England|&Wales|Facility hire|Ordinary|100| ## ## |Debtors|||||| |---|---|---|---|---|---| |||Group||Parent|| |||2022|2021|2022|2021| |||6||6|6| |Fees
Other debtors||73,220
181,835|45,219
180,505|'I7,887
190,428|20,689
175,267| |Amounts|owed by group undertakings|||6,405,819|6,144,352| |Prepayments
Accrued interest receivable||243,046|206,948
279|153,672|140,199
279| |||498,101|432,951|6,767,806|6,480,786| ## |Credito|rs: amounts
falling due within|one year|||| |---|---|---|---|---|---| |||Group||Parent|| |||2022|2021|2022|2021| ||||6|6|6| |Amounts
owing to suppliers
Fees in advance
Taxation and social security
Other creditors and accruals||605,274
515,796
627,787
628,703|206,844
705,071
24,444
679,133|495,117
515,796
296,826
471,255|179,645
513,520
23,505
558,599| |||2,377,560|1,615,492|1,778,994|1,275,270| ## ## |||Group||Parent|| |---|---|---|---|---|---| |||2022
6|2021f|2022|2021
6| |Other|creditors|215,346|219,713|169,746|163,152| |||215,346|219,713|169,746|163,152| |five years:|||||||| |---|---|---|---|---|---|---|---| |||||Group||Parent|| |||||2022|2021|2022|aoa1| |||||f|6|6|5| |Returnable|deposits|||51,088|63,084|37,488|38,940| |Financial|instruments||||||| |||||Group||Parent|| |||||zozz|aozt|2022|Z0Z1| ||||||6|8|6| |Canylng|amount offinancial||assets||||| |Equity instruments||measured|at fair value|10,309,727|9,785,611|10,309,727|9,785,611| |Equity instruments||measured|at cost less||||| |impairment||||||2,488,548|2,488,548| ## ## |Allocatio|n|ofnet assets||||| |---|---|---|---|---|---|---| |Group:|||||Other|| ||||Fixed||net assetsl|| ||||assets|Investments|(liabilities)|Total| ||||2022|2022|2022|2022| ||||6|6|6|6| |Endowed
funds
Restricted funds
Unrestricted
funds|||30,728,454|3,469,945
3,290,418
3,549,364|918,243
2,075,195|3,469,945
4,208,661
36,353,013| ||||30,728,454|10,309,727|2,993,438|44,031,619| ||||||Other|| ||||Fixed||net assetsl|| ||||assets|Investments|(liabilities)|Total| ||||2021|2021|2021|2021| ||||E|6|6|6| |Endowed
Restricted|funds
funds|||3,598,666
3,290,418|952,588|3,598,666
4,243,006| |Unrestricted||funds|29,728,528|2,896,527|(1,328,054)|31,297,001| ||||29,728,528|9,785,611|(375,466)|39,138,673| |Parent:|||||Other|| ||||Fixed||net assetsl|| ||||assets|Investments|(liabilities)|Total| ||||2022
6|2022
6|2022
6|2022f| |Endowed
funds
Restricted funds
Unrestricted
funds|||22,487,136|3,469,945
3,290,418
6,037,912|918,243
8,767,508|3,469,945
4,208,661
37,292,556| ||||22,487,136|12,798,275|9,685,751|44,971,162| ||||||Other|| ||||Fixed||net assetsl|| ||||assets|Investments|(liabilities)|Total| ||||2021
6|2021
6|2021f|2021
6| |Endowed|funds|||3,598,666||3,598,666| |Restricted|funds|||3,290,418|952,588|4,243,006| |Unrestricted||funds|21,564,865|5,385,075|5,068,037|32,017,977| ||||21,564,865|12,274,159|6,020,625|39,859,649| ## ## ## |Endowed funds|||| |---|---|---|---| |Group and parent|Scholarships|Prizes and|| ||&bursaries|otherfunds|Total| |||6|6| |At 1 September 2021|3,582,858|35,808|3,598,666| |Incoming
resources|54,250||54,250| |Investment
gains/(losses)|(182,971)||(182,971)| |Resources expended|||| |Transfers|||| |At 31August 2022|3,434,137|35,808|3,469,945| ## ## |Group and parent||||| |---|---|---|---|---| ||KES|Scholarships|Prizes and|| ||Foundation|&bursaries|otherfunds|Total| ||6||6|6| |At 1 September 2021|997,800|2,728,500|516,706|4,243,006| |Incoming resources|35,951|268,773|25,576|330,300| |Resources expended||(183,875)|(2, 110)|(185,985)| |Investment
gains/(losses)||(178,660)||(178,660)| |Transfers||||| |At 31August 2022|1,033,751|2,634,738|540,172|4,208,661| ## ## ## ## |Group and parent:||Foundation||Self-|| |---|---|---|---|---|---| |||scholarships
8bursaries|Capital
reserve|financing
activities|Total| |||6|6|6|6| |At 1 September 2021||1,162,866|26,538,488|48,879|27,750,233| |Incoming resources
Resources expended
Transfers
in
Investment
gains and losses||60,270
(798,375)
800,339
(220,876)|1,225,867|508,273
(451,789)|568,543
(1,250,164)
2,026,206
(220,876)| |At 31August 2022||1,004,224|27,764,355|105,363|28,873,942| |Transfers
into the Capital Reserve represent F225,867(2021 -6225,866) in
replacements
and 61,000,000(2021 - F750,000) in respect ofthe continuing||||respect offixed asset
development
programme.
This|| |programme
is reviewed|on a regular basis to ensure ongoing||total Capital Reserves are consistent||with our| |updated
ten-year strategic plan for||the Schools|||| |Revenue fund||||Group|Parent| |||||F|6| |At 1 September 2021||||3,546,768|4,267,744| |Net incoming
resources||||2,090,509|2,309,076| |Net transfers||||(2,026,206)|(2,026,206)| |Actuarial gains/(losses)|on defined|benefit pension schemes||3,868,000|3,868,000| |Investment
gains/ (losses)|||||| |At 31August 2022||||7,479,071|8,418,614| ## ## ## ## ## ## ## |The return
on plan assets is:|The return
on plan assets is:||||||2022|2021| |---|---|---|---|---|---|---|---|---| |Interest income on assets|||||||175,000|141,000| |Gain/(loss)
on assets|||||||(937,000)|1,480,000| ||||||||(762,000)|1,621,000| |The reconciliation
offunded|status to|||the|balance sheet is:||2022|2021| |Fair value ofassets|||||||9,519,000|10,349,000| |Present value offunded
defined|||benefit obligation||||(9,187,000)|(13,965,000)| ||||||||332,000|(3,616,000)| |The movement
in fair value|of|assets||is analysed as:|||2022|2021| |Opening
fair value ofassets|||||||10,349,000|8,853,000| |Interest income on assets|||||||175,000|141,000| |Remeasurement
gains/(losses)|||on assets||||(937,000)|1,480,000| |Contributions
by the employer|||||||140,000|147,000| |Contributions
by participants|||||||48,000|50,000| |Net benefits paid out|||||||(256,000)|(322,000)| ||||||||9,519,000|10,349,000| |The movement
in present value|||offunded||defined benefit obligations|is analysed|as:|| ||||||||2022|2021| |Opening
defined benefit obligation|||||||13,965,000|13,336,000| |Current service cost|||||||331,000|327,000| |Interest expense on detined|benefit obligation||||||236,000|211,000| |Contributions
by participants|||||||48,000|50,000| |Actuarial
(gains)/losses
on|liabilities||||||(5,137,000)|363,000| |Net benefits
paid out
Past service cost|||||||(256,000)|(322,000)| ||||||||9,187,000|13,965,000| |Amounts
recognised
in the|Statement|||of Financial Activities are as follows:||||| ||||||||2022|2021| |Employer service cost|||||||331,000|327.000| |Financing
cost|||||||61,000|70,000| |Amounts
included
in charitable||activities expenditure|||||392,000|397,000| |(Gains)/losses
arising on scheme|||assets||||937,000|(1,480,000)| |Liability (gains)/losses|||||||(5,137,000)|363,000| |Less: asset cap|||||||332,000|| |Total unrealised
(gain)/loss|per|SOFA|||||(3,868,000)|(1,117,000)| |Total (gains)/losses|||||||(3,476,000)|(720,000)| ## ## ## ## ## ## ## ## ## ## ## ## ## ||2022|2021| |---|---|---| ||6|| |Within one year|8,094|18,473| |Between two and five years|7,294|6,270| |In over five years||| ||15,388|24,743| ##