##
##
##
##
##
##
##
|
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||||
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
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##
##
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##
##
|||
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
|
|