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2022-08-31-accounts



Governorsnominatedbythefollowing

bodies:


TheCharityofSirThomasWhite,Warwick
-

MrAF
Keeling,QC
TheKingHenryVII]EndowedTrust,Warwick - MrSJJobburn


UniversityofWarwick
-
ProfDGriffin

Co-optedGovernors:

MrsMBAshe
Mr
THKeyes
MrsSMAustin(Chair)
ProfSABarnes(to31December2022)		 Mr
Mrs		 JDLoudon
JMackenzie-Lawrie(from1September2022)
MsJLBroughton Mr DBRankin(from21January2022)
MrCRGibbons Mr JNWallis
MrsLMGreaves(to31August2022) Mrs RAWeeks
MrsMPHicks Mrs AEWilson
DrFJaffri(from27January2023)
TheLord-LieutenantofWarwickshire - MrTB
Cox
MayorofWarwick - [Nottakenup]
Officers:
FoundationPrincipal - MrRNicholson
FoundationBursar*
Headmaster,WarwickSchool		 -
-		 MrsVEspley
MrJSBarker
Headmaster,King’sHighSchoolforGirls
Headmaster,TheKingsleySchool!		 -
-		 DrSJBurley
MrJMercer-Kelly
Headmistress,WarwickPreparatorySchool
Headmaster,WarwickJuniorSchool		 -
-
-		 MrsHDodsworth
MrAHymer(to31December2022)
MrJBond(from1January2023)
*(CompanySecretary)

King'sHighSchool Day, WarwickPreparatorySchool Day,
BanburyRoad girls11-18 BridgeField boys3-7
WARWICK BanburyRoad girls3-11
CV346YE WARWICK
CV346PL
WarwickSchool Day, WarwickJuniorSchool Day,
MytonRoad boys11-18 MytonRoad boys 7-11
WARWICK WARWICK
CV346PP Boarding, CV346PP
boys13-18
TheKingsleySchool Day,
BeauchampHall boys3-7
BeauchampAve girls3-18
LEAMINGTONSPA
CV325RD

|||
2021-22|2021-22|
2021-22|2021-22|
|
2021-22| |---|---|---|---|---|---| |Typeofemission|Activity|
kWh|
tCO2e||
|
%oftotal| |
Scope1|
NaturalGas|
8,046,394|
1,473|
|
70%| ||
Transport(Minibus)|
280,390|
71|
|
4%| ||

SubTotal|
8,326,784|

1,544|

|
74%| |
Scope2|

Electricity(Imported)|
2,565,451|

545|

|
26%| ||

Electricity(Generation)|
75,924|
|

-|
0%| ||

SubTotal|
2,641,375|

545|

|
26%| |

TotalGrossemissions||
10,968,159|

2,089|

|
100%| |
Intensitymetric:|||
|
|| |
Numberofpupils|
|
2,852|||| |

TonnesofCO2e|

perpupil|

0.73|
|
|
| |
||
2020-21|2020-21
||
|
2020-21
| |
Typeofemission|Activity|
kWh
|
tCO2e||
|
%oftotal
| |

Scope1|
NaturalGas|
7,878,122
|
1,453|
|
72%
| |
|
Transport(Minibus)|
94,174
|
26|
|
1%
| |
|

SubTotal|
7,972,296
|

1,479|

|
73%
| |

Scope2|

Electricity(Imported)|
2,304,284
|

537|

|
27%
| |
|

Electricity(Generation)|
78,000
|
|

-|
0%
| |
|

SubTotal|
2,382,284
|

537|

|
27%
| |


TotalGrossemissions||
10,354,580
|

2,016|

|
100%
| |

Intensitymetric:||
|
|
|
| |

Numberofpupils|
|
2,835
|||
| |

TonnesofCO2e|
perpupil
|
0.71

|
|
|

|

Notes Unrestricted Unrestricted Funds Restricted Endowed Total Total
Schools Other Funds Funds Funds31 Funds31
Aug2022 Aug2021
£’000 £’000 £’000 £000 £’000 £’000
INCOMEFROM:
Donations - - 1,056 - 1,056 903
CharitableActivities:
e
Schoolfees		 2 37,926 - - - 37,926 33,566
e
Otherincome		 3 3,495 - - - 3,495 2,/78
OtherTradingActivities:
e
Tradingturnover:WSEL		 4 - 399 - - 399 40
InvestmentIncome 5 A477 - - - 477 372
MergerDonation 6 - - - - - 4,543
TotalIncome


41,898



399

1,056




-

43,353



42,202

EXPENDITUREON:
RaisingFunds:
e
CostofDevelopmentOffice		 257 - - - 257 298
e
Costoftradingactivities:WSEL		 - 528 - - 528 332
e
Otheractivities		 - 23 - - 23 36
CharitableActivities:
®
Schoolsandgrant-making		 8 38,485
3 612 27 39,127 35,940
TotalExpenditure


38,742



554

612



27



39,935



36,606

Net(losses)/gainsoninvestments - -428 -1 - -429 2,732
Netincome/(expenditure)
3,156

-583
443

-27

2,989

8,328
Transfersbetweenfunds 16 -3,156 3,156 - - - -
PensionSchemeactuarialgain/(loss) 21
9,652
-
-
9,652

438
NETMOVEMENTINFUNDS
12,225
443

-27

12,641

8,766
Balancebroughtforwardat
1September2021 64,637 1,997 2,762 69,396 60,630
FUNDBALANCESat31August2022

76,862
2,440


2,735


82,037


69,396

Notes Group Charity
31Aug 31Aug 31Aug 31Aug
2022 2021 2022 2021
£’000 £’000 £’000 £’000
FIXEDASSETS
Tangibleassets 9 76,745 78,353 76,542 78,107
Investments 10 419,042 19,477 19,042 19,477

95,787
97,830
95,584
97,584
CURRENTASSETS
Stock 11 8 8 5 5
Debtors 12 2,187 1,489 3,155 2,397
Cashatbankand
inhand		 7,091 3,892 6,976 3,788

9,286
5,389
10,136
6,790
CREDITORS:duewithinoneyear
13
-8,309
-7,182
-8,173
-7,164
NETCURRENTASSETS/(LIABILITIES)
977
-1,793
1,963
-974
TOTALNETASSETSbeforepensiondeficit 96,764 96,037 97,547 96,610
CREDITORS:dueaftermorethanoneyear 13 -18,568 -21,042 -18,568
 -21,042
PensionSchemefundingsurplus/(deficit)
21
3,841
-5,599
3,841
-5,599
TOTALNETASSETS
16
82,037
69,396
82,820
69,969
ENDOWEDFUNDS 16(a) 2,735 2,762 2,735 2,762
RESTRICTEDFUNDS 16(b) 2,440 1,997 2,509 1,997
UNRESTRICTEDFUNDS
Designated&generalfunds 16(c) 69,652 69,879 70,366 70,392
RevaluationReserve 16(c) 1,937 1,458 1,937 1,458
PensionReserve/(Deficit) 21 3,841 -5,599 3,841 -5,599
DerivativeReserve 1,432 -1,041 1,432 -1,041
NetUnrestrictedFunds


76,862

64,637

77,576

65,210
TOTALFUNDS 82,037
 69,396
 82,820
 69,969

Notes 2022 2021
£’000 £’000 £’000
CASHFLOWSFROMOPERATINGACTIVITIES 22 4,430 8,731
CASHFLOWSFROMINVESTINGACTIVITIES:
Investmentincome&bankinterest ATT 372
Otherinterestpaid -615 -609
Purchaseofproperty,plantandequipment -1,190 -1,118
Proceedsfromsaleoftangiblefixedassets 3 4
ChangeinPOCAccrual 88 -
Proceedsfromsaleofinvestmentproperty: - 290
Purchaseofinvestments -448 -906
Proceedsfromsaleofinvestments 526 931
Increase.inbankdeposits -72 -174
CharitablegiftfromTheKingsleySchool - ~5,295
NETCASH USEDININVESTINGACTIVITIES -1,231 -6,505
CHANGEINCASH&CASHEQUIVALENTSINTHE
REPORTINGPERIOD 23 3,199 2,226
CASH&CASHEQUIVALENTSATTHEBEGINNINGOFTHE
REPORTINGPERIOD 23 3,892 1,666
CASHINHAND 7,091 3,892
NOTICEDEPOSITS - -
CASH&CASHEQUIVALENTSATTHEENDOFTHE
REPORTINGPERIOD 23 7,091 3,892

Fees Receivable
2022 2021
£’000 £’000
Fees 41,475 37,164
Less TeachersFeeRemission -1,136 -1,008
Less ScholarshipsandBursaries -2,413 -2,185
Less FeeDiscount - -405


37,926



33,566
OtherIncome
2022 2021
£’000 £’000
CharitableActivities
Other educational.charitableactivities:
e Entranceandregistrationfees 66 56
e Musictuitionfees 878 786
e HolidayActionandSwimSchool 425 264
e Other 1,675 995

3,044

2,101
Other ancillaryactivities:
e Insuranceincome 10 10
® Excursions 436 48
° Grantincome 5 619

3,495


2,778

2022 2021
£’000 £’000
Turnover 399 40
Operatingcosts -608 -354
Lossfrom continuingactivities
-209
-314
Covenanteddonationgross
Balancecarriedforward -209
 -314
2022 2021
£’000 £’000
Assets 533 420
Liabilities -1,316 ~993
Netassets
-783
-573

2022 2021

Unrestricted
Restricted

Total
Total
£’000 £’000 £’000 £’000
UKFixedInterest 23 - 23 23
UKEquities 287 - 287 240
PropertyFund 10 - 10 9
BankInterest 12 - 12 7
Investmentproperty 145 - 145 93


477


-

477

372

Giftrecognised
2021
£’000
Tangiblefixedassets 3,978
Investments 1,317
Debtors 118
Cash 1,007
TradeCreditors -36
Bankloan -767
Accruals -828
OtherCreditors -246
4,543

2022 2021
£’000 £’000
Charitableexpenditureincludes:
Auditors’remuneration
°
Foraudit		 46 46
e
Forauditofsubsidiaries		 2 2
°
Forotherservices		 2 2
OperatingLeasespayable
°
ForMotorVehicles		 144 73
e
ForProperty		 34 34
e
Other		 15 15
Lossonsaleoffixedassets - 24
Depreciation 2,707 2,821
BankLoaninterestpayable
615
609
Totalstaffcostscomprised:
Wagesandsalaries 22,435 19,721
Socialsecuritycosts 2,131 1,815
Pensioncontributions 4,270 3,833
CompensationforLossofOffice 99 301


28,935

25,670
Aggregateemployeebenefitsofkeymanagementpersonnel 1,373
 1,367

2022 2021
Teaching 426 379
Support 448 448

874
827
2022 2021
£60,000 - £70,000 15 9
£70,000 - £80,000 5 oa
£80,000
£90,000
£100,000
£110,000
£120,000		 -
-


 £90,000
£100,000
-£110,000
-£120,000
-£130,000		 romNMa t
Np
1
£130,000
£140,000
-£140,000
-£150,000		 -
-		 4
£150,000 -£160,000 - ;,
£180,000 -£190,000 - —s
£190,000 -£200,000 1 -

2022 2021

StaffCosts

Other

Depreciation
Total
Total
£’000 £’000
£’000		 £’000 £’000
CostsofGeneratingFunds:
e
OtherActivities		 - 12
11		 23 36
e
CostofDevelopmentOffice		 183 74
-		 257 298
TotalforCharity
183

86

11
280
334
TradingCostsoftheSubsidiary 133 345
50		 528 332
TotalforGroup

316



431


61

808

666
CharitabieActivities:
e
Teaching		 22,468 3,183
-		 25,651 21,707
e
Welfare		 1,568 1,468
-		 3,036 2,384
e
Premises		 2,006 2,244
2,646		 6,896 7,107
e
SupportCostsandGovernance		 2,578 2,539
-		 5,117 4,587
Bank/PensionInterest&Other - -1,576
-		 -1,576 152
Financing
Prizes&OtherAwards
~
3

-
3
3
Sub-Total 28,620 7,861
2,646		 39,127 35,940
TotalResourcesexpendedGroup
28,936

8,292

2,707
39,935
36,606
Charity
28,803


7,947

2,657
39,407
36,274
GovernanceCostsincludedinsupportcosts 2022 2021
£’000 £’000
Auditorsremuneration 46 46
Liabilityinsurance 139 109
185 155

Land& Furniture, Motor Assetsin Charity
Buildings Fittings& Vehicles Courseof Total
Equipment Construction
£'000 £'000 £'000 £'000 £'000
COST
At1September2021 91,324 6,778 189 - 98,291
Additions 503 598 11 71 1,183
Disposals -88 -220 - - -308
At31August2022

91,739



7,156

200

71

99,166
DEPRECIATION
At1September2021 15,689 4,341 154 - 20,184
Charge.foryear 1,816 820 21 - 2,657
OnDisposals - -217 - - -217
At31August2022

17,505



4,944

175

-

22,624
NETBOOKVALUES
At31August2022 74,234 2,212 25 71 76,542
At31August2021

75,635



2,437

35

-

78,107
Charity Subsidiary Group
Total Total Total
£'000 £'000 £'000
COST
At1September2021 98,291 617 98,908
Additions 1,183 7 1,190
Disposals -308 - -308
At31August2022


99,166

624

99,790
DEPRECIATION
At1September2021 20,184 371 20,555
Chargeforyear 2,657 50 2,107
OnDisposals ~217 - -217
At31August2022


22,624

421

23,045
NETBOOKVALUES
At31August2022 76,542 203 76,745
At31August2021

78,107
246
78,353

Unrestricted Restricted Total Total
Designated Funds 2022 2021
£'000 £'000 £'000 £'000
Group:
Balanceat 1September2021 19,453 24 19,477 15,546
Additions 448 - 448 906
Charitable giftfromTheKingsleySchoo! - - - 1,317
Disposals atopeningmarketvalue -526 - -526 -1,221
Movements incashdeposits 72 - 72 174
Revaluation gains 479 - 479 225
Netunrealised(losses)/gains -907 -1 -908 2,530
Balanceat 31August2022

19,019


23

19,042

19,477
SecuritiesListedontheStockExchange
13,857
23
13,880
14,866
Property 4,459 - 4,459 3,980
Cashdeposits 703 - 703 631


19,019


23

19,042

19,477
ListedSecuritiescomprise:
UKFixedInterest 589 - 589 619
UKEquities 12,096 23 12,119 13,163
PropertyFund 793 - 793 720
S&WInvestmentFunds 379 - 379 364

13,857

23
13,880
14,866
Charity:as above
Investment insubsidiarycompany(seenote4).
Reconciliationofopeningandclosinginvestmentsbyclass
Securities Property Cash Total
Listedon Deposits
Stock
Exchange
£'000 £'000 £'000 £'000
Group:
Balanceat 1September2021 14,866 3,980 631 19,477
Additions 448 - - 448
Disposals -526 - - -526
Revaluation - 479 - 479
Movement incashdeposits - - 72 72
Netunrealisedlosses -908 - - -908
Balanceat 31August2022
13,880


4,459
703
19,042

11. Stocks
Group Charity
2022 2021 2022 2021
£’000 £’000 £’000 £’000
Goods forresaleand consumables 8 8 5 5

12. Debtors
Group Charity
2022 2021 2022 20214
£7000 £’000 £’000 £’000
Schoolfees 313 266 313 266
Tradedebtors 226 54 70 16
Otherdebtors 15 26 15 26
Prepaymentsandaccruedincome 1,633 1,143 1,577 1,115
Amountduefromsubsidiaryundertaking - - 1,180 975
~~2,187 «1,489 3,1552,397
13. Creditors
Group Charity
2022 2021 2022 2021
£’000 £’000 £’000 £7000
Duewithinoneyear:
Feesreceivedinadvanceanddeposits 4,801 4,213 4,801 4,213
Tradecreditors 1,137 930 1,082 925
Othercreditors 408 291 327 278
Taxationandsocialsecurity 560 503 560 503
Accrualsanddeferredincome 1,403 1,245 1,403 1,245

8,309

7,182		 8,173 7,164
Dueafteroneyear:
Bankloan 20,000 20,000 20,000 20,000
Derivativefinancialinstruments -1,432 1,042 -1,432 1,042
18,568
21,042
 18,568 21,042
TheBankLoanfallsdueasfollows:
2022 2021
£’000 £’000
Withinoneyear 1,333 -
Betweentwo andfiveyears 5,333 5,333
Overfiveyears 13,334 14,667

20,000
20,000

£’000
Balance at 1September2021 190
Released
in		 theyear -190
Deferred in currentperiod 592
Balance at 31August2022 592

2022 2021
£’000 £’000
Financialassetsmeasuredatamortisedcost 919 659
Financialassetsmeasuredatfairvalue 26,133 24,285
Financialliabilitiesmeasuredatamortisedcost -27,157 -26,314
Financialliabilitiesmeasuredatfairvalue 1,432 -1,042
Netfinancialassets/(liabilities)measuredatamortisedcost

1,327

-2,412
2022 2021
£’000 £’000
Totalinvestment(losses)/gainsforfinancialassetsmeasuredatfair
valuethroughincomeandexpenditure -429 2,755
impairmentgainsonfinancialassetsmeasuredat
amortisedcost 93
 40

Fixed Investments Net LongTerm Pension Total
Assets Current Liabilities surplus
Assets
£’000 £’000 £’000 £’000 £’000 £000
Endowedfunds 2,032 703 - - - 2,735
Restrictedfunds - 23 2,486 - - 2,509
Unrestrictedfunds
e Bursaryfunds - 18,316 - - - 18,316
e Other 74,510 - -523 -18,568 3,841 59,260

Charity
76,542

19,042

1,963

-18,568

3,841

82,820
SubsidiaryReserves 203 - -986 - - -783


Group

76,745



19,042



977



-18,568



3,841



82,037

Balanceat Income Expenditure Transfers& Balanceat
1 Sept2021 Investment 31Aug
Gains 2022
£’000 £’000 £’000 £’000 £’000
Exhibitions&prizesfund 202 - - - 202
Legacyfunds 501 - - - 501
Fixedassetsfund 2,059 - -27 - 2,032


2,762

-
-2f



-
2,735

Balance at at Income Expenditure Expenditure Expenditure
Investment
Investment		 Balance at
1Sept2021 Gain/ 31Aug2022
(Loss)
£000 £’000 £000
£000		 £000
DonationsfromFriendsofWarwickSchool
29 -14 15
DonationsfromWPSA - 1 -1 - -
DonationsfromKHAPS - 6 -6 - -
Sundry 8 - 8
MachenScholarships 11 - - - 11
TheMassieScholarship 13 - - -1 12
DonationsforCapitalBuildingProject - 123 - - 123
BoroughBursaryFund 1,020 917 -522 - 1,415
WarwickScholarshipTrust 31 - - - 31
IncomefromLegacyFunds&Prizes 893 1 -69 = 825

1,997


1,056


-612


-1
2,440
TheBoroughBursaryFundrelates tothefundsreceived fromtwocharitablebodies,whichareusedprimarily
toprovide
bursariesforpupilsfromtheOldBoroughofWarwickwho wouidotherwise beunable toattendtheschool,with theremainder
usedtosupportactivitiesforWarwick-based schoolsand othercommunityactivities.TheMachen ScholarshipsandThe
MassieScholarshipincomerelatestodonationsfromtheselinkedcharities ofThe KingsleySchool.
UnrestrictedFunds
Balanceat Income Expenditure Transfers
Investment		 Balanceat
1Sept Gain/(Loss) 31Aug
2021 2022
£'000 £'000 £'000 £'000 £'000 £'000
DesignatedFunds
BursaryFund 16,269 369 -983 790 -907 15,538
e
MaryHallLegacy		 ATT - - - - 477
e
OtherLegacy		 130 - - - - 130
FixedAssets 76,294 - - -1,517 - 74,777
Repairs&MaintenanceFund
380 22 -8 - - 394
UnrestrictedFunds
FreeReserves -23,158 41,507 -40,038 808 - -20,881

Charity
70,392
41,898

-44,029
81

-907
70,435
SubsidiaryTradingFunds -573 399 -528 -81 ~783

69,819
42,297

-41,557
-
-907
69,652
RevaluationReserve 1,458 - - - 479 1,937
PensionReserveDeficit -5,599 - -212 - 9,652 3,841
DerivativeReserve ~1,041 - 2,473 - 1,432

Group
64,637
42,297



-39,296


-
9,224
76,862

Fixed Investments NetCurrent LongTerm Total
Assets Assets Liabilities
£'000 £'000 £'000 £'000 £'000
Endowedfunds 2,059 703 - - 2,762
Restrictedfunds - 24 1,973 - 1,997
Unrestrictedfunds
e
Bursaryfunds		 - 18,912 - - 18,912
e
Other		 76,048 -162 -2,947 -26,641 46,298
Charity
78,107

19,477

-974

-26,641

69,969
SubsidiaryReserves
246

-
-819

-
-573
Group

78,353



19,477



-1,793



-26,641



69,396
Balance at Income Expenditure Balanceat
1Sept2020 31Aug2021
£'000 £'000 £'000 £'000
Exhibitions&prizesfund 202 - - 202
Legacyfunds 501 - - 501
Fixedassetsfund
2,086
-
-27
2,059



2,789

-


-27

2,762
RestrictedFunds:Movementsin
 theYearasat31 August2021
Balanceat Income’ __ Expenditure Investment Balanceat
1Sept2020 Gain/(Loss) 31Aug2021
£'000 £'000 £'000 £’000 £'000
DonationsfromFriendsof 40 - -11 -
29
WarwickSchool
MachenScholarships - 10 - 1 171
TheMassieScholarship - 11 - 2 13
DonationsforProjectOne 61 211 -272 - -
BoroughBursary.Fund 752 722 -454 -
1,020
WarwickScholarshipTrust 37 - - - 31
IncometromLegacyFunds&Prizes

909
1,793
-16
938



-737
~
-
3

893
1,997


Balanceat Incoming Resources Transfers Investment Balance
1Sept Resources Expended Gain 31Aug
2020 2021
£'000 £'000 £'o00a £'000 £'000 £'000
DesignatedFunds
BursaryFund 13,914 308 -1,053 573 2,527 16,269
e
MaryHallLegacy		 477 - . - - 477
e
OtherLegacy		 130 - . - - 130
FixedAssets 74,746 - : 1,571 -23 76,294
Repairs&MaintenanceFund 365 25 -1€ - - 380
UnrestrictedFunds
FreeReserves ~26,983 40,891 -34,944 -2,122 - -23,158
Charity
62,649
41,224

-36,007

22

2,504

70,392
SubsidiaryTradingFunds -259 40 -332 -22 - -573

62,390
41,264

~36,33S

-
2,504

69,819
RevaluationReserve 1,233 - : - 225 1,458
PensionReserveDeficit -5,853 - -184 - 438 -5,599
DerivativeReserve -1,722 - 681 - - -1,041
Group
56,048
41,264


-35,842



-
3,167


64,637
Group&Charity Group&Charity 2022 2021
£’000 £’000
Operatingleaseswhichexpire:
e Withinoneyear 45 56
e Within twotofiveyears 28 74
e Afterfiveyears - -

73


130

datewereasfollows
2022 2021
% %
Inflation 3.2 29
Rateofincreaseinsalaries 4.0 3.7
Rateofincreaseforpensions 3.2 29
Discountrateforliabilities
4.3
1.7

Lifeexpectationsonretirements.age65		 2022 2021
Years Years
Malecurrentlyage45 22.7 23.0
Femalecurrentlyage45 25.9 26.1
Malecurrentlyage65 21.6 21.8
Femalecurrentlyage65 24.4 24.2

31Aug 2022 31 Aug2021
Fair Expected Fair
Expected
Rateof Rateof
Return Return
£’000 % £’000
%
Equities 13,672 2.5 14,744
25
Governmentbonds 6,152 2.5 5,707
25
Otherbonds - -
Property 2,506 2.5 2,616
26
Cash/Liquidity 456 2.5 713
25
Other - -
Total 22,786 23,780
2022 2021
£’000 £’000
The actual return on the schemeassets in theyear -998
 4,217

2022 2021
£’000 £’000
Openingvalueofschemeassets 23,780 19,435
Returnonassetslessinterest -1,390 3,886
Netinterestincomeonplanassets 392 331
Contributionsbyemployer 488 507
Contributionsbyemployees 71 85
Contributionsinrespectofunfundedbenefits 2 2
Benefitspaid -557 -460


22,786

23,780
Changes
inthepresentvalueoftheschemeliabilitiesareasfollows:
2022 2021
£’000 £’000
Openingliabilities 29,379 25,288
Currentservicecost 591 587
Pastservicecost 18 -
Interestcost 485 431
Contributionsbyemployees 71 85
Actuarialgains/(losses) -11,042 3,448
Benefitspaid -557 -460



18,945

29,379
ThechargetotheStatementofFinancialActivitiesoverthefinancialyear comprised:
2022 2021
£’000 £’000
Schoolsandgrantmaking
Currentservicecost 591 587
Pastservicecost 18 -
Interestincomeonplanassets -392 -331
Interestonpensionschemeliabilities 485 431
TotalchargetoexpenditureintheSOFA

702

687
TheactuarialgainsandlossesshownintheStatementofFinancialActivitiescomprised:

2022		 2021
£’000 £’000
Returnonassetslessinterest -1,390 3,886
Experiencegainsandlossesonschemeliabilities -46 381
Changesindemographicassumptions 94 -364
Changesinfinancialassumptions 10,994 -3,465
TotalamountrecognisedintheSOFA
9,652
438

2022 2021
£’000 £’000
Netincomeforthereporting period 2,989 8,328
Interestreceivable -477 -372
Interestpaid 615 609
Depreciation 2,707 2,821
Decreaseinstock - 4
Increase
indebtors		 -698 556
(Decrease)
increditors		 -1,347 -668
Losses/(gains)oninvestments 908 -2,530
(Gains)oninvestmentproperty -479 -225
Lossontangiblefixedassets - 24
Definedbenefitpensionschemecostlesscontributionspayable 119 84
Definedbenefitpensionschemefinancecost
93

100
Netcashprovidedbyoperatingactivities

4,430



8,731

Balanceat Cashflows Fairvalue Balanceat
1 Sept2021 movements 31Aug2022
£'000 £'000 £'000 £'000
Cashandcashequivalents 3,892 3,199 - 7,091
Bankloan -20,000 - - -20,000
Derivativefinancialinstruments -1,042 - 2,474 1,432


-17,150
3,199


2,474


-11,477

Notes Unrestricted Unrestricted Restricted Endowed Total
Funds Funds Funds Funds
31Aug
Schools Other 2021
£'000 £'000 £'000 £'000 £'000
INCOMEFROM:
Donations 3 - 900 - 903
CharitableActivities
Schoolfees 2 33,566 - - - 33,566
Otherincome 3 2,778 - - - 2,778
OtherTradingActivities
Tradingturnover:WSEL 4 - 40 - - 40
InvestmentIncome 5 372 - 372
MergerDonation 4,505 - 38 - 4,543
TotalIncomingResources


40,852


412

938

-

42,202

EXPENDITUREON:
RaisingFunds
CostofDevelopmentOffice 298 - - - 298
Costoftradingactivities:WSEL 4 - 332 - - 332
Otheractivities ~ 36 - - 36
CharitableActivities
Schoolsandgrant-making 35,173 3 737 27 35,940
TotalExpended

8

35,471


371

737

27

36,606

Netgainsoninvestments - 2,729 3 - 2,32
Netincome/(expenditure)
5,381
2,770
204
-27
8,328
Transfersbetweenfunds 16 -5,387 5,387 - - -
PensionSchemeactuarialgain 21 438 - - 438
NETMOVEMENTINFUNDS - 8,589 204 -27 8,766
Balancebroughtforwardat
1September2020 56, 048 1,793 2,789 60,630
FUNDBALANCESat31August2021

64,637
1,997
2,762
69,396