2022-08-31-accounts - Sir John Port's Charity

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			Page
Reference and administrative details	ofthe Charity,	its Trustees and advisers	1-2
Trustees' report			3-9
Trustees' responsibilities statement			10
Independent auditors' report on the	financial statements		11 - 13
Consolidated statement offinancial	activities		14-15
Consolidated balance sheet
Charity balance sheet			17
Consolidated statement ofcash flows			18
Notes to the financial statements			19-39

Chairman			E M Shires BA FCA
Members			A BockBScMRICS
			Surg Cdre FT Marshall MRCGP MA Royal				Navy (resigned 23June 2022)
			AJ Churchill MA FIET
			Professor A M Buchan DSc		FMedSci
			Dr KJ Dell MA DPhil PhD DipLCM
			Ms S Fish OBE QPM MBA (resigned 26 April 2022)
			TJ Hannam QC BA (resigned 25 April			2022)
			C D Hibbs FCA BSc(Hons)1
			R A Litchfield ACMA (resigned 31 December 2021)
			M J C Needham LLB
			Ms K Stone OBE (resigned	26 April 2022)
			K KJoshi MA Cantab
			R L Johnson BSc
			M R H Wimbush BSc(resigned 23June 2022)
			M A Casini BSc(appointed	10February		2022)
			G R H Ralphs PGDip FCMI		(appointed	23	June 2022)
			E A Haydon BScPGCE NPQH (appointed				23June 2022)
			J D Wyld BA (appointed 23	June 2022)
			N C Walford BA (appointed		18October	2022)
			SWan BScMBA DipM (appointed 17April				2023)
			E Hattersley BA (appointed		17April 2023)
			" Audit Committee Member
Company	registered
number			04399494 (England and Wales)
Charity registered
number			1092298
Registered		office	The Bursar's Office
			Repton School
			Repton
			Derbyshire
			DE65 6FH
Clerk to the		Governing	C Steiner (resigned 19April		2022)
Body			R Mair (appointed 19April 2022)
Independent		auditors	Bates Weston Audit Limited
			Statutory Auditors
			Chartered Accountants
			The Mills
			Canal Street
			Derby
			DE1 2RJ

Bankers		National Westminster	National Westminster	National Westminster	Bank Pic
		Crompton House
		Derwent Street
		Derby
		DE1 2ZG
		Santander Corporate			Banking
		5 Market Place
		Derby
		DE1 3PY
Solicitors		Foot Anstey LLP
		2 Glass Wharf
		Bristol
		BS2OEL
		Stone King LLP
		Boundary House
		91 Charterhouse		Street
		London
		EC1M 6HR
Accountants		Bates Weston	LLP
		Chartered Accountants
		The Mills
		Canal Street
		Derby
		DE1 2RJ
Surveyors		Fisher German
		The Estates Office
		Ivanhoe Business		Park
		Ashby De La Zouch
		LE65 2UZ
Insurance	brokers	PJ Frankland	Limited
		Oxford House
		Stanier Way
		The Wyvern
		Derby
		DE21 6BF

					Restricted	Unrestricted	Total	Total
				Capital funds	funds	funds	funds	funds
			Note	2022	2022	2022f	2022f	202'/
Income and
endowments	from:
Donations and	legacies		2		972,826	311,792	1,284,618	554,322
Charitable activities			3			26,964,022	26,964,022	23,799,906
Investments					950	1,646,610	1,647,560	1,074,324
Other income						340	340	(60,000)
Total income	and
endowments					973,776	28,922,764	29,896,540	25,368,552
Expenditure on:
Raising funds						29,714	29,714	24,296
Charitable activities			6	1,722,457	4,221	25,525,819	27,252,497	24,445,053
Total expenditure				1,722,457	4,221	25,555,533	27,282,211	24,469,349
Net
(expenditure)/income
before net
(losses)/gains	on
investments				(1,722,457)	969,555	3,367,231	2,614,329	899,203
Net (losses)/gains		on
investments				(1,330,230)		(353,939)	(1,684,169)	3,203,875
Net
(expenditure)/income
before taxation				(3,052,687)	969,555	3,013,292	930,160	4,103,078
Taxation						(58,380)	(58,380)	(99,503)
Net
(expenditure)/income
after taxation				(3,052,687)	969,555	2,954,912	871,780	4,003,575
Transfers between
funds			15	1,233,536	(7,307)	(1,226,229)
Net movement	in
funds before	other
recognised gains
carried forward				(1,819,151)	962,248	1,728,683	871,780	4,003,575

			Endowment	Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds	funds
			2022	2022	2022	2022	2021
		Note				f.
Net movement	in
funds before	other
recognised
(losses)/gains
brought forward			(1,819,151)	962,248	1,728,683	871,780	4,003,575
Other recognised
gains:
Actuarial gains	on
defined benefit	pension
schemes		22					56,000
Net movement	in
funds			(1,819,151)	962,248	1,728,683	871,780	4,059,575
Reconciliation	of
funds:
Total funds brought
forward			87,383,915	499,095	2,911,650	90,794,660	86,735,085
Net movement	in funds		(1,819,151)	962,248	1,728,683	871,780	4,059,575
Total funds carried
forward			85,564,764	1,461,343	4,640,333	91,666,440	90,794,660

			CONSOLIDATED	BALANCE SHEET
			AS AT 31AUGUST 2022
				2022		2021
			Note
Fixed assets
Tangible assets			9	73,750,391		73,923,871
Investments			10	18,633,926		19,251,384
				92,384,317		93,175,255
Current assets
Stocks				130,617	197,214
Debtors			12	5,514,570	5,608,320
Cash at bank and	in hand			7,796,723	4,394,118
				13,441,910	10,199,652
Creditors: amounts	falling	due within	one
year			13	(12,880,799)	(11,456,605)
Net current assets I(liabilities)				561,111		(1,256,953)
Total assets less	current	liabilities		92,945,428		91,918,302
Creditors: amounts	falling	due after	more
than one year			14	(1,278,988)		(1,123,642)
Total net assets				91,666,440		90,794,660
Charity funds
Capital funds			15	85,564,764		87,383,915
Restricted funds			15	1,461,343		499,095
Unrestricted funds			15	4,640,333		2,911,650
Total funds				91,666,440		90,794,660

						2022	2021
Cash flows from operating			activities
Net cash		used in operating	activities			4,493,634	3,354,014
Cash flows from investing			activities
Dividends,		interests and rents from investments				1,647,560	1,074,324
Purchase		oftangible fixed assets				(1,618,916)	(1,114,815)
Proceeds		from sale of investments				56,275	2,501,062
Purchase		of investments				(1,175,948)	(2,882,103)
Net cash		used in investing	activities			(1,091,029)	(421,532)
Change	in cash and cash		equivalents	in	the year	3,402,605	2,932,482
Cash and		cash equivalents	at the beginning		ofthe year	4,394,118	1,461,636
Cash and		cash equivalents	at the end	of	the year	7,796,723	4,394,118

			Endowment	Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds	funds
			2022	2022 f	2022	2022f	2021
General	bursaries						11,219
Other donations		and legacies		972,826	311,792	1,284,618	191,637
				972,826	311,792	1,284,618	202,856
				972,826	311,792	1,284,618	554,322
Total 2021			70	190,773	363,479	554,322

				Unrestricted	Total	Total
				funds	funds	funds
				2022	2022	2021
School fees receivable				24,511,359	24,511,359	21,138,703
Other educational	and ancillary activities			2,452,663	2,452,663	2,661,203
Total 2022				26,964,022	26,964,022	23,799,906
Total 2021				23,799,906	23,799,906
School fees receivable
Gross fees					29,981,582	28,015,202
Less: Total remissions,		scholarships	and bursaries		(5,470,223)	(6,876,499)
					24,511,359	21,138,703

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2022 f	2022	2022f	2021
Bank and	other interest	26	151	177	378
Rental income from properties			1,262,930	1,262,930	736,906
Dividends	and interest from equities and
Common	Investment Funds	924	383,529	384,453	337,040
		950	1,646,610	1,647,560	1,074,324
Total 2021		3,653	1,070,671	1,074,324

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
			F
Pension Scheme recoverable	surplus			(60,000)
Sundry income		340	340
		340	340	(60,000)
Total 2021		(60,000)	(60,000)

			Endowment	Restricted	Unrestricted
			funds	funds	funds	Total	Total
			2022	2022 f	2022 f	2022f	2021f
Teaching			1,722,457	15	13,478,927	15,201,399	13,323,439
Welfare					3,611,706	3,611,706	3,132,811
Premises					3,319,087	3,319,087	3,296,704
Support and governance					5,114,546	5,114,546	4,679,613
Grants, awards and prizes				4,206	1,553	5,759	12,486
			1,722,457	4,221	25,525,819	27,252,497	24,445,053
Total 2021			1,640,809	11,136	22,793,108	24,445,053
Summary	by expenditure	type
			Staff costs	Depreciation	Other costs	Total	Total
			2022 f	2022 f	2022 f	2022f	2021
Teaching			11,735,323	1,737,611	1,728,465	15,201,399	13,323,439
Welfare			1,847,271		1,764,435	3,611,706	3, '/32, 811
Premises			1,146,896	52,524	2,119,667	3,319,087	3,296,704
Support and governance			2,100,332	2,262	3,011,952	5,114,546	4,679,613
Grants, awards and prizes					5,759	5,759	12,486
			16,829,822	1,792,397	8,630,278	27,252,497	24,445,053
Total 2021			15,687,081	1,775,055	6,982,917	24,445,053

Staff costs
		Group	Group
		2022f	2021
Wages and	salaries	13,627,419	12,726,430
Social security costs		1,209,193	1,101,884
Contribution	to pension schemes	1,993,210	1,858,767
		16,829,822	15,687,081

		Group	Group
		2022	2021
		No.	No.
Teaching		188	186
Assistants,	domestic and catering	331	328
Management	and administration	88	70
		607	584

				Group	Group
				2022	2021
				No.	No.
In	the	band	f60,001 - f70,000	21	18
In	the	band	f70,001 - f80,000
In	the	band	f80,001 - f90,000
In	the	band	f90,001 - f100,000
In	the	band	f100,001 - f110,000
In	the	band	f110,001 - f120,000
In	the	band	f120,001 - f130,000
In	the	band	f160,001 - f170,000
In	the	band	f170,000 - f190,000
In	the	band	f190,000 - f200,000
In	the	band	f240,000 - f250,000

	Freehold	Motor	Fixtures and
	property	vehicles	fittings	Total
Cost
At 1 September 2021	90,490,768	708,992	1,286,636	92,486,396
Additions	1,607,748		11,168	1,618,916
Disposals			(117,573)	(117,573)
At 31 August 2022	92,098,516	708,992	1,180,231	93,987,739
Depreciation
At 1 September 2021	16,720,808	617,350	1,224,367	18,562,525
Charge for the year	1,722,457	42,453	27,486	1,792,396
On disposals			(117,573)	(117,573)
At 31 August 2022	18,443,265	659,803	1,134,280	20,237,348
Net book value
At 31 August 2022	73,655,251	49,189	45,951	73,750,391
At 31August 2021	73,769,960	91,642	62,269	73,923,871

		Investment	Unlisted
	Land	funds	investments	Total
Group
Cost or valuation
At 1 September 2021	10,000	19,016,298	225,086	19,251,384
Additions		225,948	950,000	1,175,948
Disposals		(26,561)	(29,714)	(56,275)
Revaluations		(1,737,131)		(1,737,131)
Transfers between classes		402,624	(402,624)
At 31 August 2022	10,000	17,881,178	742,748	18,633,926

Names				Company	Charity	Registered office or principal
				number	registration	place ofbusiness
					number
Repton School Trust					527177	The Bursar's Office, Repton
						School, Derbyshire, DE65 6FH
Repton School				04390219	1093166	The Bursar's Office, Repton
						School, Derbyshire, DE65 6FH
Repton Preparatory		School		04390208	1093165	The Bursar's Office, Repton
						School, Derbyshire, DE65 6FH
Repton Foundation					1067418	The Hall - Repton School,
						Repton, Derbyshire, DE65 6FH
Repton School Enterprises			Limited	02644487		1 High Street, Repton,
						Derbyshire, DE65 6GD
Repton School Shop		Limited		00905547		The Paddock, Repton School,
						Repton, Derbyshire, DE65 6FH
The Repton	Family of Schools Limited			05859839		The Bursar's Office, Repton
						School, Derbyshire, DE65 6FH
St.Wystan's	School			00880309	527181	11a High Street, Repton,
						Derbyshire, DE65 6GE

The financial results ofthe subsidiaries	The financial results ofthe subsidiaries	The financial results ofthe subsidiaries	for the year were:
Names			Incomef	Expendituref	Profit/(Loss) / Surplus/	Net assets (liabilities)
					(Deficit) for
					the year
					R
Repton School Trust			2,137,408	(1,769,703)	(819,743)	81,055,219
Repton School			18,142,574	(17,968,430)	174,144	1,797,963
Repton Preparatory	School		6,496,364	(6,506,236)	(9,872)	136,415
Repton Foundation			1,442,247	(454,287)	491,239	7,071,244
Repton School Enterprises		Limited	1,099,063	(1,060,502)	38,561	(99,067)
Repton School Shop	Limited		229,219	(267,280)	(38,061)	(95,233)
The Repton Family ofSchools Limited			1,452,250	(626,447)	825,803	1,579,098
St.Wystan's School			807,343	(806,392)	951	13,056

			Group	Group
			2022f	202'/
Fee debtors			3,408,223	4,017,784
Other debtors			1,468,900	1,271,894
Prepayments	and accrued income		637,447	294,642
Deferred tax				24,000
			5,514,570	5,608,320
Creditors: Amounts		falling due within one year
			Group	Group
			2022f	2021
Other loans			6,667	6,667
Fees in advance			8,859,387	8,220,331
Trade creditors			1,639,066	1,214,978
Refundable deposits			235,807	237,152
Corporation tax			4,699	74,824
Other taxation	and social security		446,264	371,611
Hire purchase	contracts		5,147	4,643

Creditor	s: Amount	s	falling due	within one year (continu	ed)
					Group	Group
					2022f	202'/
Other creditors					594,712	496,655
Accruals	and deferred		income		1,089,050	829,744
					12,880,799	'/1,456,605
					Group	Group
					2022	2021
Deferred	income at 1 September			2021	4,239,957	3,353,338
Resources deferred		during the year			8,736,142	4,239,957
Amounts	released	from previous		periods	(4,239,957)	(3,353,338)
					8,736,142	4,239,957

			Group	Group
			2022	2021
Bank loans			6,667	13,333
Hire purchase		contracts	9,398	14,166
Refundable	deposits		1,262,923	1,096,/43
			1,278,988	1,123,642

		Balance at 1						Balance at
		September				Transfers	Gains/	31August
		2021f	Income F	Expenditure	f	in/out	(Losses) f	2022
Unrestricted
funds
Designated
funds
Musical
instrument fund		46				(46)
General	funds
General	funds	2,911,604	28,922,764	(25,613,913)		(1,226,183)	(353,939)	4,640,333
Total
Unrestricted
funds		2,911,650	28,922,764	(25,613,913)		(1,226,229)	(353,939)	4,640,333
		Balance at 1						Balance at
		September				Transfers	Gains/	31August
		2021	Income	Expendituref		in/outf	(Losses) f	2022 f
Capital	funds
Expendable
endowment		1,730,614					(142,782)	1,587,832
Endowment
sinking	fund	13,036,518				146,425	(1,187,448)	11,995,495
Property	Fund	72,616,783		(1,722,457)		1,087,111		71,981,437
		87,383,915		(1,722,457)		1,233,536	(1,330,230)	85,564,764
		Balance at 1						Balance at
		September				Transfers	Gains/	31August
		2021f	Income	Expendituref		in/out	(Losses)	2022f
Restricted
funds
Robert	Beldam
priory foundation		10,857						10,861

	Balance at 1						Balance at
	September				Transfers	Gains/	31August
	2021f	Income F	Expenditure	f	in/out	(Losses)f	2022
Repton library	11,481						11,481
General
bursaries	154,254	7,376					161,630
New science
facilities	3,125						3,125
Other restricted
funds	97,457	946	(15)		46		98,434
Brogan history
prize	7,900						7,900
Berger IT prize	4,900						4,900
Wong Owen
Sponsorship	79,823						79,823
Foremarke pool	50,000				(50,000)
Fives Appeal	59,298	2,740	(4,206)		42,647		100,479
RJBLegacy-
Music Provision	20,000						20,000
The Sir Geoffrey
and Lady Isobel
Barnett
Scholarship
Fund		462,710					462,710
The Christopher
Rowbotham
Bursary Fund		500,000					500,000
	499,095	973,776	(4,221)		(7,307)		1,461,343
Total offunds	90,794,660	29,896,540	(27,340,591)			(1,684,169)	91,666,440

Statement	offunds	offunds	(continued)
Statement	offunds		- prior year
			Balance at					Balance at
		1 September				Transfers	Gainsi	31August
			2020	Income	Expenditure	inlout	(Losses)	2021
Unrestricted
funds
Designated
funds
Musical
instrument	fund		46					46
General funds
General funds			(816,827)	25,174,056	(22,860,907)	1,415,282		2,911,604
Pension reserve					(56,000)		56,000
			(S16,827)	25,174,056	(22,916,907)	1,415,282	56,000	2,911,604
Total
Unrestricted
funds			(S16,781)	25,174,056	(22,916,907)	1,415,282	56,000	2,911,650
Capital funds
Expendable
endowment			3,771,972	70		(4,266,185)	1,038,143	544,000
Endowment
sinking fund		10,664,747				206,039	2,165,732	13,036,518
Property Fund		72,636,843			(1,640,809)	1,620,749		72,616,783
Endowed
exhibitions	and
prizes			3,264					3,264
Permanent
endowment						1,183,350		1,183,350
		87,076,826		70	(1,640,809)	(1,256,047)	3,203,875	87,383,915
Restricted
funds
Robert Beldam
priory foundation			10,855					10,857
								Page 33

Statement offun	ds - prior year (	continued)
	Balance at					Balance at
	1 September			Transfers	Gainsi	31August
	2020	Income	Expenditure	inlout	(Losses)	2021
Repton library	11,481					11,481
General
bursaries	243,199	21,708		(110,653)		154,254
New science
facilities	3,/25					3,125
Other restricted
funds	93,587	3,870				97,457
Brogan history
prize	7,900					7,900
Berger IT prize	4,900					4,900
Wong Owen
Sponsorship	99,993		(9,136)	(11,034)		79,823
Foremarke pool		50,000				50,000
Fives Appeal		98,846	(2,000)	(37,548)		59,298
RJBLegacy-
Music Provision		20,000				20,000
	475,040	194,426	(11,136)	(159,235)		499,095

Summary	offun	ds - current ye	ar
		Balance at 1					Balance at
		September			Transfers	Gains/	31August
		2021	Income	Expenditure	in/out	(Losses)	2022
Designated
funds		46			(46)
General funds		2,911,604	28,922,764	(25,613,913)	(1,226,183)	(353,939)	4,640,333
Endowment
funds		87,383,915		(1,722,457)	1,233,536	(1,330,230)	85,564,764
Restricted	funds	499,095	973,776	(4,221)	(7,307)		1,461,343

Summary	offun	ds - prior year
		Balance at					Balance at
		1 September			Transfers	Gainsi	31August
		2020	Income	Expenditure	inlout	(Losses)	2021
Designated
funds		46					46
General funds		(816,827)	25,174,056	(22,916,907)	1,415,282	56,000	2,911,604
Endowment
funds		87,076,826	70	(1,640,809)	(1,256,047)	3,203,875	87,383,915
Restricted	funds	475,040	194,426	(11,136)	(159,235)		499,095
		86,735,085	25,368,552	(24,568,852)		3,259,875	90,794,660

Analysis	of n	et assets between funds -	current year
			Endowment	Restricted	Unrestricted	Total
			funds	funds	funds	funds
			2022	2022	2022	2022
Tangible	fixed	assets	71,981,436		1,768,955	73,750,391
Fixed asset investments			13,583,328	1,165,288	3,885,310	18,633,926
Current	assets			346,055	13,095,855	13,441,910
Creditors	due	within one year		(50,000)	(12,830,799)	(12,880,799)
Creditors	due	in more than one year			(1,278,988)	(1,278,988)
Total			85,564,764	1,461,343	4,640,333	91,666,440

Analysis	of n	et assets between funds -	prior year
			Endowment	Restricted	Unrestricted	Total
			funds	funds	funds	funds
			2021	2021	2021	2021
Tangible	fixed	assets	72,616,782		1,307,089	73,923,871
Fixed asset investments			14,767,133	413,271	4,070,980	19,251,384
Current assets			4,039,400	94,960	6,065,292	10,'/99, 652
Creditors	due	within one year	(4,015,400)	(9,136)	(7,432,069)	(11,456,605)
Creditors	due	in more than one year			(1,123,642)	(1,'/23, 642)
Provisions	for	liabilities and charges	(24,000)		24,000
Total			87,383,9'/5	499,095	2,911,650	90,794,660

					Group	Group
					2022	202'/
Net income for the year (as		per Statement		of Financial Activities)	871,780	4,003,575
Adjustments for:
Depreciation charges					1,792,396	1,775,056
(Gains)/losses on investments					1,737,131	(3,203,875)
Dividends, interests	and rents from		investments		(1,647,560)	(1,074,324)
Decrease/(increase)	in stocks				66,597	(41,413)
Decrease in debtors					93,750	651,807
Increase in creditors					1,579,540	1 187188
Movement in irrecoverable		pension	surplus			56,000
Net cash provided	by operating		activities		4,493,634	3,354,014

						Group	Group
						2022	2021
	Cash	in hand				7,796,723	4,394,118
	Total	cash and cash		equivalents		7,796,723	4,394,118
20.	Analysis ofchanges			in net debt
					At 1
					September		At 31
					2021	Cash flows	August 2022f
	Cash	at bank and	in hand		4,394,118	3,402,605	7,796,723
	Debt	due within 1	year		(6,667)		(6,667)
	Debt	due after 1 year			(13,333)	6,666	(6,667)
	Finance leases				(18,809)	4,264	(14,545)
					4,355,309	3,413,535	7,768,844
21.	Capital commitments
						Group	Group
						2022	2021
	Contracted for but not provided				in these financial statements
	Acquisition oftangible			fixed assets			'/47, 000