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2021-08-31-accounts

Foreword from the Abbot ofWorth (Chairman ofTrustees) Foreword from the Abbot ofWorth (Chairman ofTrustees)
Trustees' Report (incorporating
the Strategic Report)
Our Finances: A Review of2020-21 10
Legal Structure &Governance 14
Statement ofTrustees Responsibilities
Independent
Auditor's
Report		 20
Consolidated
Statement ofFinancial Activities including		 an Income & 24
Expenditure
Account for the year ended 31August 2021
Consolidated
Balance Sheet as at 31August 2021		 25
Charity Balance Sheet as at31August 2021 26
Consolidated
Cash Flow Statement for the year ended 31August 2021		 27
Notes to the Financial Statements 28
~ Reference &Administrative
details		 SS

Notes General Designated Restricted Total 2021 Total 2020
Funds (E) Funds (E) Funds (E) (E) (6)
INCOMING
RESOURCES
Voluntary
income
Donations,
gifts & legacies		 250,327 87,444 337,771 283,958
Charitable
activities
Advancement
ofreligion		 224,648 224,648 308,640
Advancement
ofeducation		 14,394,694 14,394,694 14,608,766
Activities for raising funds
Investment
income		 Sa 80,069 48,507 128,576 189,516
Courses and lettings 115,648 115,648 155,578
Other income 5b 281,180 40,215 2,357 323,752 764,437
TOTAL INCOMING
RESOURCES		 15,346,566 40,215 138,308 15,525,089 16,310,895
RESOURCES EXPENDED
Cost of raising funds
Investment
management		 fees 13,988 20,246 34,234 34,827
Courses and lettings 107,307 107,307 207,549
Other costs 455,036 455,036 443,935
576,331 20,246 596,577 686,311
Net incoming resources
available for charitable 14,770,235 40,215 118,062 14,928,512 15,624,584
application
Charitable
expenditure:
Advancement
of religion		 6b 1,103,138 57,080 331 1,160,549 1,133,970
Advancement
ofeducation		 6b 13,696,565 26,180 27,429 13,750,174 14,366,266
Outreach
Peru		 6b 207,860 207,860 200,787
Other charitable
activities		 6b 2,040 2,040 7,326
TOTAL RESOURCES EXPENDED 14,799,703 83,260 237,660 15,120,623 15,708,349
Net incoming resources
before transfers
and		 (29,468) (43,045) (119,598) (192,111) (83,765)
revaluations
Transfers
between
funds		 15,16 (634,500) 644,864 (10,364)
Net incoming resources (663,968) 601,819 (129,962) (192,111) (83,765)
before revaluations
Realised gain/(loss)
on
investment
assets		 (143) (76,904) (77,047) (25,531)
NET INCOME/(EXPENDITURE) (664,111) 601,819 (206,866) (269,158) (109,296)
FOR THE YEAR
Unrealised
gain/(loss)
on		 407,001 237,900 644,901 473,858
investments
NET MOVEMENT
IN FUNDS
INCLUDING
NET INCOME		 (257,110) 601,819 31,034 375,743 364,562
FOR THE YEAR
Reserves at 1September 15,16,17 19,513,783 1,039,132 8,259,463 28,812,378 28,447,816
RESERVESAT31AUGUST 15,16,17 19,256,673 1,640,951 8,290,497 29,188,121 28,812,378
Notes 2021 2020, 2020,
(E) (E)
FIXEDASSETS
Tangible fixed assets 30,626,759 25,608,889
Investments 5,240,516 4,858,167
35,867,275 30,467,056
CURRENT ASSETS
Stock 10 132,207 148,730
Debtors 11 519,973 600,895 '
Cash at bank and in hand 6,009,652 8,634,924
6,661,832 9,384,549
CREDITORS: amounts falling due
within one year 12 (6,183,934) (5,827,941) i
NET CURRENT (LIABILITIES)/ASSETS 477,898 3,556,608
TOTAL ASSETS LESS CURRENT LIABILITIES 36,345,173 34,023,664
CREDITORS: amounts
one year		 falling due after more than 13 (7,157,052) (5,211,286) i
TOTAL NET ASSETS 29,188,121 28,812,378
FUNDS
Restricted funds 15 8,290,497 8,259,463 l
Designated
funds		 15 1,640,951 1,039,132
General funds 16 19,256,673 19,513,783
TOTAL FUNDS 17a 29,188,121 28,812,378
Charity Balan ce Shee t for the year ended 31August 2021 ended 31August 2021
Notes 2021 2020,
(f) (EJ
FIXEDASSETS
Tangible fixed assets 30,144,971 25,280,230
( Investments 4,499,088 4,215,301
Investments
in subsidiaries		 1,100 1,100
34,645,159 29,496,631
CURRENT ASSETS
Stock 10 2,042 61,598
Debtors 11 707,848 778,754
Cash at bank and in hand 3,309,614 5,844,713
4,019,504 6,685,065 '
, CREDITORS: amounts falling due
within one year 12 (7,173,160) (6,044,030J
NET CURRENT ASSETS/(LIABILITIES) (3,151,656 641,035 '
' TOTAL ASSETS LESS CURRENT LIABILITIES 31,491,503 30,137,666
CREDITORS: amounts falling due
after more than one year 13 (4,316,184) (2,739,077J
TOTAL NET ASSETS 27,175,319 27,398,589,
FUNDS
Restricted funds 15 7,309,188 7,389,990
Designated
funds		 15 649,218 611,525
I General funds 16 19,216,913 19,397,074
I TOTALFUNDS 17 27,175,319 27,398,589
The company's net movement in funds for the year was a decrease of f223,540 (2020:f6,032
increase).
The financial statements were approved by the Trustees on 13 May 2022 and signed on their
behalf by:
( g
The
ght Rev		 n John Douglas Barrett The Reverend
P V Fludder
Trustee Trustee

Notes 2021 202 0
(E) (E)
RECONCILIATION
OF OPERATING		 RESULT TO NET
CASH INFLOW FROM OPERATING ACTIVITIES
Changes in resources before transfers
and revaluation		 (269,158) (83,765)
Returns on investments
and the		 servicing offinance 18 (70,400) (108,622)
Additions fixed assets
Currency translation
gain and investment		 fees 97,084 27,469
(242,474) (164,918)
Depreciation 821,297 856,467
Decrease in stock 16,524 31,711
(Increase) in debtors 80,922 (9,998)
, Increase/(decrease)
in creditors		 (216,631) (312,212)
NET CASH INFLOW FROM OPERATING ACTIVITIES 459,638 401,050
CASH FLOW STATEMENT
Notes 2021 2020
(6) (Ej
Cash flows from operating
activities
Net cash inflow from operating activities 459,638 401,050
Returns on investments
and the		 servicing offinance 18a 70,400 10B,622
Payments to acquire tangible fixed assets (5,839,166) (734,326) I
Payments to acquire investments 8 (200,000) I
Draw downs on investments 18b 165,469 142,045
Net cash (outflow)/inflow
from		 investing activities (5,603,297) (683,659)
Net cash (outflow)/inflow
from		 financing 18c 2 518388 ~854864
activities
Increase in cash in the year (2,625,271) (1,137,473)
Cash and cash equivalents
brought		 forward ~$634923 ~9772397
Cash and cash equivalents
carried		 forward

Notes General Designated Restricted Total '
Funds (f) Funds (f) Funds (f) 2020 (f)
i INCOMING
RESOURCES
Voluntary
income
Donations,
gifts & legacies		 2,727 193,274 87,957 283,958 i
, Charitable
activities
i Advancement
of religion		 308,640 308,640
Advancement
ofeducation		 14,608,766 14,608,766
Activities for raising funds
Investment
income		 95,840 93,676 189,516
Courses and lettings 155,578 155,578
Other income 760,067 4,370 764,437 i
TOTAL INCOMING
RESOURCES		 15,931,618 193,274 186,003 16,310,895
RESOURCES EXPENDED
' Cost of raising funds
Investment
management		 fees 12,835 21,992 34,827
Courses and lettings 207,549 207,549
Other costs 443,935 443,935
664,319 21,992 686,311
, Net incoming resources available
for charitable
application		 15,267,299 193,274 164,011 15,624,584
Charitable
expenditure:
Advancement
of religion		 6b 1,087,324 42,408 4,238 1,133,970
Advancement
ofeducation		 6b 14,306,262 38,607 21,397 14,366,266
Outreach
Peru		 6b 200,787 200,787
Other charitable
activities		 6b 7,326 7,326
TOTAL RESOURCES EXPENDED 15,393,586 81,015 233,748 15,708,349
Net incoming resources (126,287) 112,259 (69,737) (83,765)
before transfers
and revaluations
Transfers between
funds		 15,16 (447,964) 463,999 (16,035)
Net incoming
resources before
revaluations (574,251) 576,258 (85,772) (83,765)
Realised gain/(loss)
on investment
assets 22,217) (3,314) (25,531)
NET INCOME/(LOSS)
FOR		 THE (596,468) 576,258 (89,086) (109,296)
YEAR
Unrealised
gain on investment		 364,762 109,096 473,858
assets:
NET MOVEMENT
IN FUNDS
INCLUDING
NET INCOME		 FOR THE (231,706) 576,258 20,010 364,562
YEAR
Reserves at 1September 15,16,17 19,745,489 462,874 8,239,453 28,447,816
RESERVESAT31AUGUST 15,16,17 19,513,783 1,039,132 8,259,463 28,812,378

2021 IE) 2020(E] i
Fee income for the year 16,722,144 17,160,067
Release offee prepayments 659,102 598,017
Extras 572,188 489,867
Entrance fees 61,532 62,482
18,014,966 18,310,433
LESS:
Allowances
and remissions:
Scholarships
granted		 1,395,422 1,352,423
Bursaries and other remissions 2,224,850 2,349,244
3,620,272 3,701,667
14,394,694 14,608,766
SA.
INVESTMENT INCOME
2021(E) 2020 (EJ
Investment
income from listed securities —general funds		 80,069 95,840 '
Investment
income from listed securities —restricted		 funds 21,410 21,996 i
Interest receivable 27,097 71,680
128,576 189,516
SB.
OTHER INCOME
2021(E) 2020 (EJ
Furlough
grants received		 234,620 667,666,
Government
grants		 22,591 36,581
Other income 66,541 60,190
323,752 764,437
6.
RESOURCES EXPENDED
2021iE) 2020 (E)
Employment
costs include:
Wages and salaries 7,684,648 7,770,650
Social security costs 740,709 748,295
Pension contributions 1,161,942 1,173,542
9,587,299 9,6~92,487
The average
number ofemployees		 in the year was: 2021 2020
Number Number
' Teaching &teaching support 108 106
Welfare 53 55
Premises 41 45
Management,
administration		 5fundraising 68 65
270 271

' The number ofemployees whose emoluments exceeded E60,000was: 2021 2020,
Number Number
E60,000 E70,000 21 20,
E70,001 E80,000 9 9
E80,001 E90,000 3 4
E90,001 E100,000 2 3
E100,001 E110,000 2
E110,001 E120,000
E120,001 6130,000
E130,001 E140,000
E140,001 E150,000
F150,001 E160,000
E200,001 E210,000
Staff costs (E) Other (E) Depreciation
(E)		 Total 2021(E) 2020 (E)
Costs ofgenerating funds
Courses and lettings 76,033 31,274 107,307 207,549
Other 275,157 148,197 31,682 455,036 443,935
I Investment Management Fees 34,234 34,234 34,827
351,190 213,705 31,6$2 596,577 686,311
Charitable
activities
Advancement of religion 430,778 553,112 176,659 1,160,549 1,133,970
Advancement of education 8,938,446 4,198,772 612,956 13,750,174 14,366,266
Outreach
Peru		 9,996 197,864 207,860 200,787
Other charitable activities 2,040 2,040 7,326
9,379,220 4,951,78$ 789,615 15,120,623 15,708,349

PRIOR YEAR EXPENDITU RE —Analysis ofTotal Resour —Analysis ofTotal Resour ces Expend ces Expend ed
Staff costs (6) Other (6) Depreciation
(6)		 Total 2020 (6)
Costs ofgenerating
funds
Courses and lettings 99,785 90,918 16,846 207,549
Other 176,228 266,403 1,304 443,935
Investment
Management		 Fees 34,827 34,827
276,013 392,148 18,150 686,311
Charitable
activities
Advancement
of religion		 403,013 560,726 170,231 1,133,970
Advancement
ofeducation		 9,142,972 4,555,208 668,086 14,366,266 '
Outreach
Peru		 12,014 188,773 200,787 '
Other charitable
activities		 7,326 7,326
9,557,999 5,312,033 838,317 15,708,349
6c.
EXPENDITURE —Other		 disclosures
2021(6) 2020(f) i
Consolidated
costs include:
Auditors'
remuneration:
For audit 27,750 27,195
Interest
payable		 58,176 80,894
Operating
leases —other		 266,084 305,379 '
Depreciation
oftangible		 fixed assets:
owned
by the charitable
company		 and its subsidiaries 821,297 828,894 '
Foreign exchange
(gains)		 and losses 111,281 25,531
Costs ofan unusual
or exce tional nature:
Costs associated
with providing		 evidence for the Independent Inquiry into
Child Sexual Abuse (11,332)
Future relationship
costs		 22,783 182,726
10Year plan 80,192
22,783 251,586
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Freehold Motor Plant and Assets under Total I
Property Vehicles machinery Construction
(6) (6) (6) (6)
Cost
At 1September 2020 34,867,762 76,118 968,325 541,175 36,453,380
Additions 72,591 5,500 30,793 5,474,780 5,583,664
DisposaIs
At 31August 2021 34,940,353 81,618 999,118 6,015,955 42,037,044 '
Depreciation
At 1September 2020 10,166,227 72,109 934,814 11,173,150
Charge for the year 697,355 3,322 18,246 718,923
Disposals
At 31August 2021 10,863,582 75,431 953,060 11,892,073
i Net book value
, At 31August 2021 24,076,771 6,187 46,058 6,015,955 30,144,971
I At 1 September 2020 24,701,535 4,009 33,511 541,175 25,280,230
Freehold Motor Plant and Assets under Total '
Property Vehicles Machinery construction
(6) (6) (6) (6) (6)
Cost
At 1September 2019 34,867,762 76,118 995,897 35,939,777
Additions 541,175 541,175
Disposals (27,572) (27,572)
At 31August 2020 34,867,762 76,118 968,325 541,175 36,453,380
At 1September 2019 9,468,904 67,694 935,527 10,472,125
Charge for the year 697,323 4,415 26,859 728,597
Dispo (27,572) (25,752)
At 31August 2020 10,166,227 72,109 934,814 11,173,150
At 31August 2020 24,701,535 4,009 33,511 541,175 25,280,230
At 1September 2019 25,395,859 8,424 60,370 25,290,230

Listed Investments Total
Works Woodlands General & Restricted
ofArt Designated
(6) (F-) (E) (6)
Market Market value Market value
value
At 1September 2020 41,000 564,191 2,563,437 1,689,539 4,858,167
Additions to investments
Management
Fees		 (13,988) (11,658) (25,646)
Foreign exchange
Gains/(losses) (71,437) (71,437)
Draw down on investments (165,469) (165,469)
Unrealised
investment
Gains/(losses) 407,001 237,900 644,901
Market value at
31August 2021 41,000 564,191 2,956,450 1,678,875 5,240,516
Historical cost to the 41,000 67,463 1,556,270 1,025,378 2,690,111
charity
RIOR YEAR INVESTMENTS CONSOLIDA TED
Listed Investments Total
Works Woodlands General & Restricted
ofArt Designated
(E) (E) (E) (E)
Market value Market value Market value
At 1September 2019 41,000 173,317 2,602,384 1,562,653 4,379,354
Additions
to investments		 200,000 200,000
Management
Fees		 (12,835) (12,037) (24,872)
Foreign exchange
Gains/(losses) (28,129) (28,129)
Draw down on investments (142,044) (142,044)
Unrealised
investment
Gains/(losses) 390,874 (26,112) 109,096 473,858
Market value at
31August 2020 41,000 564,191 2,563,437 1,689,539 4,858,167
Historical cost to the 41,000 67,463 1,556,270 1,025,378 2,690,111
charity

Listed Investments ~Total
Works of Woodlands General a Restricted
Art Designated
(f) (F-) (F-)
Market value Market value
At 1September 2020 41,000 564,191 2,563,436 1,046,674 4,215,301,
Management
Fees		 (13,988) (8,151) (22,139) '
Foreign exchange
Gains/(losses) (71,437) (71,437)
Draw down on investments (165,469) (165,469)
Unrealised
investment
Gains/(losses) 407,001 135,831 542,832
Market value at
31August 2021 41,000 564,191 2,956,449 937,448 4,499,088
RIOR YEAR INVESTMENTS CHARITY
Listed Investments Total
Works of Woodlands General L Restricted
Art Designated
(f) (f) (f) (f)
Market value Market value Market value
At 1September 2019 41,000 173,317 2,602,384 1,103,322 3,920,023
Management
Fees		 (12,835) (9,146) (21,981)
Foreign exchange
Gains/(losses) (28,129) (28,129
Draw down on
investments (142,044) (142,044)
Unrealised
investment
Gains/(losses) 390,874 (26,113) 122,671 487,432
Market value at
31August 2020 41,000 564,191 2,563,436 1,046,674 4,215,301
.
INVESTMENT		 IN SUBSIDIARIES
Cost 31August 2021 (31August 2020f1,100) Shares in Subsidiaries (f)
1,100

The company also has the following also has the following subsidiary undertakings: undertakings:
Class of %of Turnover Nature of Aggregate
of
shares held shares &expenditure business capital and
held reserves at 31
August 2021(6)
Worth Abbey Ordinary 100% 4,830 Planning
and		 1,000 i
Construction Ltd building
(incorporated in contractors
England)
Worth Abbey Ordinary 100% 209,090 General (185,784)
Projects Ltd commercial
(incorporated in company
England)
Worth School Lettings 0rdina ry 100% Letting of
Ltd lands and
(an indirect subsidiary
incorporated
in		 buildings
England

Consolidated Charity Consolidated Charity,
2021 (6) 2021 (6) 2020 (E) 2020 (6)
Livestock 7,671 5,675
General stores 124,536 2,042 143,055 61,598
132,207 2,042 148,730 61,598

Consolidated Charity Cansa/idated Charity 1
2021(6) 2021(6) 2020 (E) 2020 (6)
School fees and extras less bad debt provision 161,262 178,601
VAT 148
Other debtors 55,720 101 123,888 407
Amounts owed by group undertakings 673,489 730,488
Interest rate cap financial asset
Prepayments and accrued
Income 302,843 34,258 298,406 47,859
519,973 707,848 600,895 778,754 i
12.
CREDITORS: amounts		 falling due falling due within one year
Consolidated Charity Consolidated Charity
2021 2021 2020 2020
(f) (f) (f) (fj
Bank loans and overdraft 66$,269 668,269 492,149 492,149
Fee prepayments
(note 14)		 590,348 606,821
Acceptance deposits (note 14) 447,515 515,613
School fees and extras received in advance 2,779,$67 2,389,336
Trade creditors 56$,034 45,121 497,742 37,037
Amounts
owed to Group Undertakings		 6,426,830 5,425,060
Other taxes and social security costs 188,799 10,980 197,517 29,398
, Clubs and societies 3,085 2,659
Other creditors 190,706 242,072
VAT 6,664 84 2,974 1,080
Accruals and deferred
income		 740,647 21,$76 $$1,058 59,306,
6,183,934 7,173,160 5,827,941 6,044,030

3.
CREDITOR		 S: amounts
falling		 due after more than o ne year
Consolidated Charity Consolidated Charity
2021 2021 2020 2020,
(f) (f) (f) (f)
Bank loan and overdraft 4,316,184 4,316,184 2,739,077 2,739,077
Fee prepayments (note 14) 453,599 402,586
Acceptance deposits 2,387,269 2,069,623
7,157,052 4,316,184 5,211,286 2,739,077

2021 2020 1
(6) (EJ '
Fee prepayments 1,043,947 1,009,407
Less: amount to be released within one year (590,348) (606,821/ i
' On account offees falling due after more than one year 453,599 402,586
Acceptance deposits 2,834,784 2,585,236
Less amounts
due to be repaid		 in September (447,515) (515,613/
Acceptance deposits and fee prepayments falling due after more than 2,840,868 2,472,209
one year at 31August
At 1 Incoming Resources Investment Investment Transfers At 31
September resources expended and foreign August
2020 currency 2021
(6) (F) gain/(loss) (6) (6) i
Restricted
Funds
Bursary Fund 816,759 52,235 (3509) 102,069 (12,285) 955,269
Annual
Fund		 40,563 4,505 (27,429) (3,750) 13,889
Sports Facilities 12,151 12,151
Outreach
Peru		 1,069,309 50,658 (216,011) 58,927 962,883
6'"Form Centre 6,305,221 27,097 (8,587) 6,323,731
Otherfunds 15,460 3,814 (2,371) 5,671 22,574
Total 8259463 138309 ~257 907 160 996 ~10364 8290497
ddddtdd d
Hardship
fund		 208,607 (85,124) 123,483
Maintenance fund 219,000 504,399 723,399
Worth Society 17,939 (13,742) 105,368 109,565
Friends ofWorth 22,276 (12,439) 25,449 35,286
Church funds 610,947 (14,872) 36,948 633,023
Brighton project 578 (41,955) 57,266 15,889
' Other funds
Total		 ~1039132 ~40 215 (252)
~26		 558
~644864		 306
~1640951

At 1 Incoming Resources Investment Transfers At 31
September resources expended and foreign August
2020 currency 2021
(f) gain/(loss) (f) (f)
Restricted funds
Outreach
Peru		 1,069,309 50,658 (216,011) 58,927 962,883
6'"Form Centre 6,305,221 27,097 (8,587) 6,323,731
Otherfunds 15,460 3,814 (2,371) 5,671 22,574
Total ~7389990 ~$1569 ~226 969 ~58927 ~5671 ~7309188 I
~dd
tdF		 d
Church fund 610,947 (14,872) 36,948 633023 I
Brighton project 578 (41,955) 57,266 15,889
l Other funds (252) 558 306
Charity ~611525 L557,007799 ~94772 ~649 21$
PRIOR YEAR RESTRICTED AND DESIGNATED FUNDS
The 2020 restricted and designated funds ofthe Group and the unexpended balances are as follow s
At 1 Incoming Resources Investment Transfers At31 '
September resources expended and foreign August
2019 currency 2020
(f) gain/(loss) (f) (f) l
Restricted
Funds
Bursary Fund 798,785 46,724 (2,891) (13,574) (12,285) 816,759
Annual
Fund		 43,755 21,954 (21,396) (3,750) 40,563
Sports Facilities 12,151 12,151
I Outreach
Peru
6'"Form Centre		 1,130,844
6,243,496		 29,043
71,680		 (209,934)
(9,955)		 119,356 1,069,309
6,305,221
Otherfunds 10,421 16,603 (11,564) 15,460
Total 8239452 186004 ~255 740 ~105782 ~16035 8 259463
~IF
\
tdF		 d
Hardship
fund		 38,607 (38,607) 208,607 208,607
Maintenance 219,000 219,000
fund
Church fund 462,874 111,681 36,392 610,947
Brighton project 42,986 (42,408) 578
Total 4~274 1
274		 ~463999 ~1039132

At 1 Incoming Resources Investment Transfers At 31 '
September resources expended and foreign August
2020 currency 2021
(f) (f) gain/(loss) (f) (f)
General fund 19,513,783 15,346,565 (15,376,176) 407,001 (634,500) 19,256,673
RIOR YEAR CONSOLIDATED
At 1 Incoming Resources Investment Transfers At 31
September resources expended and foreign August
2019 currency 2020
(f) (f) gain/(loss) (f) (f)
General fund 19,745,489 16,747,774 (16,874,061) 342,545 (447,964) 19,513,783

HARITY
At 1 Incoming Resources Inv'estment Transfers At 31
September resources expended and foreign August
2020 currency 2021
(f) (6) (f) gain/(loss) (f) (f) (f)
Generalfund 19,397,074 1,234,595 (1,721,324) 407,001 (100,433) 19,216,913
RIOR YEAR CHARITY
At 1 Incoming Resources Investment Transfers At 31
September resources expended and foreign August
2019 currency 2020
(f) (f) gain/(loss)
(f)		 (f)
Generalfund 19,544,902 1,291,716 (1,745,697) 342,545 (36,392) 19,397,074

Tangible fixed Investments Investments Net current assets/ Long term Total
assets (liabilities) liabilities
(E) (6) (E) (E) (E)
Restricted Funds
Bursary Fund 741,426 213,843 955,269
Outreach
Peru		 937,448 25,435 962,883
6'" Form Centre 4,199,910 2,123,821 6,323,731
Sports facilities 12,151 12,151
i Other restricted
funds 36,463 36,463
4,199,910 1,678,874 2,411,713 8,290,497
~06
1 df
d
I-lardship
fund		 123,483 123,483 I
Maintenance
fund		 723,399 723,399
Worth Society 109,565 109,565
, Friends ofWorth 35,286 35,286
Church fund 633,023 633,023
Brighton Project 15,889 15,889
, Other funds 306 306
1,640,951 1,640,951
General funds 26 426 849 3561 642 ~3574766 ~7257052 19256673
Total reserves 3D 626 759 ~5240 516 ~477 898 ~7257 052 29 188121
AS AT31AUGUST 2020
Tangible fixed Investments Net current assets/ Long term Total
assets (liabilities) liabilities
(6) (E) (E)
Restricted
Funds
Bursary Fund 642,865 173,894 816,759
Outreach
Peru		 1,216,847 (147,538) 1,069,309
6'" Form Centre 541,176 5,764,045 6,305,221
Sports facilities 12,151 12,151
Other restricted
funds 56023 56023
541,176 1,859,712 5,858,575 8,259,463
~07
1 df
d
Hardship
fund		 208,607 208,607
Maintenance
fund		 219,000 219,000
Church fund 610,947 610,947
Brighton Project 578 578
~1039132 1039132
General funds 25 067 713 2998 455 ~3342099 ~5222 286 19513783
Total reserves ~20(~8 48 167 ~3556 608 ~212~2 28 812378

B)
CHARITY		 AS AT 3 1AUGUST 202 1
Tangible Investments Net current assets/ Long term Total i
fixed assets (liabilities) liabilities
(6) (6) 5)
Restricted
Funds
6'"Form Centre 4,199,910 2,123,821 6,323,731 l
i Outreach
Peru		 937,448 25,435 962,883
Other restricted funds 22,574 22,574
4,199,910 937,448 2,171,830 7,309,188
~Oi
rdF		 d
' Church fund 633,023 633,023
Brighton Project 15,889 15,889,
, Other funds 306 306,
649,218 649,218
General
Funds		 25,945,061 3,562,740 (5,974,704) (4,316,184) 19,216,913 I
, Total reserves 30,144,971 4,500,188 (3,153,656) (4,316,184) 27,175,319
ASAT31AUGUST 2020
Tangible Investments Net current assets/ Long term Total
fixed assets (liabilities) liabilities
(6) (6) (E) (6) (6)
' Restricted
Funds
I 6'" Form Centre 541,176 5,764,045 6,305,221 I
Outreach
Peru		 1,216,847 (147,537) 1,069,310
Other restricted funds 15,459 15,459,
541,176 1,216,847 5,631,967 7,389,990
~oi
dr		 d
Church fund 610,947 610,947
Brighton Project 578 578
General
Funds		 24,739,054 3,168,628 (5,771,532) (2,739,076) 19,397,074
Total reserves 25,280,230 4,385,475 471,960 (2,739,076) 27,398,589
18.
ANALYSIS OF CASH		 FLOWS FLOWS
a)
Returns
on investments		 and the servicing offinance 2021(6) 2020(6),
Investment
income		 Note 5a 101,479 117,836,
Interest received Note Sa 27,097 71,680
Interest
paid		 Note 6c (58,176) (80,894)
Net cash inflow/(outflow) 70,400 108,622

l c)
Financing		 2021(f) 2020 (f/
Decrease/(Increase) in parents'
acceptance deposits		 (765,159) 15,439',
Decrease/ (Increase) in new loans (2,194,435)
Decrease/(Increase) in loan repayments 441,206 839,425
Net cash outflow (2,518,388) 854,864

19. ANALYS IS OF CHANGES
IN NET DEB		 T
At 31August Cash flow At31
2020 August 2021
(f) (6)
, Cash in hand and at bank 8,634,924 (2,625,272) 6,009,652
Loans due in less than one year (492,149) (176,120) (668,269)
Loans due after one year (2,739,077) (1,577,107) (4,316,184)
Parents' acceptance deposits (2,069,623) (765,161) (2,834,784)
Net Debt 3,334,075 (5,143,660) (1,809,585)
PRIOR YEAR
At 31August Cash flow At 31
2019 August 2020
(f) (f)
Cash
in hand		 and at bank 9,772,397 (1,137,473) 8,634,924
Loans due in less than one year (828,497) 336,348 (492,149)
Ioans due after one year (3,242,151) 503,074 (2,739,077)
Parents' acceptance deposits (2,085,064) 15,441 (2,069,623)
Net Debt 3,616,685 (282,610) 3,334,075

Consolidated Consolidated Consolidated Charity Cansa//dated Charity '
2021 2021 2020 2020
(6) (6) (f) (8)
Financial assets measured at
amortised cost 6,067,350 3,311,545 8,758,812 5,845,120
Financialliabilities measured at
' amortised cost (13,340,985) (5,062,514) (21,039,227) (3,358,046)
Financial assets measured at arnortised cost comprise cash at bank, trade debtors and other
debtors.
Financial liabilities measured at amortised cost comprise bank loans, trade creditors, other