PI.YMOUTEI C()LLEC.E AND ST DUNS"fAI¥4'S ABBl4,Y SCHO(PL,% CHARITY (A comp#iiy limited b}, guarAiitee) ClJHI'ity li(J: 1105544 Companv No: 05189426 ANNUAI, RI.POR'f AND CONSOLIDATED FINANCIAL STATEMENTS Year Ended 31 Augiist 2022
PLYMOUTH COLLEGE AND ST DUNSTAN'S ABBEY SCHOOLS CHARITY REPORT AIND FINANCIAL STATEMENTS 31 AUGUST 2022 CONTENTS Page Truste, Offi¢ets and Advis(I Trustees, Aniiual Report Iliicluding Trustees. Sirait8ic Reponl 3110 Independent Auditor s Ruyo Coiisolidalcd Stalc]ncnl of financial Aclivili 14 Consolidaicd and Chai'iiy Balancc Shccts 15 Consolidated Statement of Cash Flows 16 Nol¢s lo the Cunsolidated Financial Stat&ttenls as per liedding uii iya&¥e 17135
PLYMOUTH COLLEGE AND ST DUNSTAN'S ABBEY SCHOOLS CHARI'I'Y CHARITY TNFORMATION Cli2rity Rcgi%li?tion Nuinb¥r'. 1105544 Coinp8iiy Regislrdtivn Nuinb': 05189426 Coinpaiiy Se£r¢taiy'. Mi. T Willidms R¢gislerd OtTILe'. Plymuuih Colle8e Ford Park Plyinvuth Dcvon ptA 6RN H£d of Ihc Scnior Scliool Head of the Prep Schuul Mr% J Haywai'd Mr H Thoinas Buisar ciiid Clerk 10 Truste Mr T Williatn. Thc day-lo-day ruiinin8 of Ilit Sehnol ]% delegated 10 Ihc Head and Ihc Scnior L£adcrship Tcams rcspectivcly.. Mrs J Ilayward Mr T Williams Mr H Thoiyas MrACan' Head BuiTai" and Clcrk to Cjovemo Prep Head Scnior Dcpuly Flczd Deputy Head Pasiotral MrPGr¢y Mr P Muilow Mrs C Low As5isiant Hc?d IC.o-Curricularl & Dirc¢tor of Sport Direcini. c?f Mark¢liiig gnd Ailini5%ion% IILsigii¢d 16 D¢L'ember 20211 TRUS'I'F.Tr.S DIR Tr:c."r DL4dilg of Tru51th IDirruti?rs1 aiid ollice]s of ihe cotnpany who Served during the yegr 3Te." Mr R Light Mr A Paliiier MTS A fvlorton Mrs K Cciiiipbell Mr R Chuhl? Mri L Clai'k Mr W l)uiiun Right Rcvcrcnd J Gri Mi. C. Mi)1ti)n Mi. P Nuniicrlcy Mi. J Peiidl¢ton Mr % Plèiii Dr A Williams Chair Resigned Z. Decefflber 2022 Api)D11l1ul I, Sepie4nber 2021. Chir AppDintcd December 2022 Vlee Cha5r App()iiited I, M¥rch 2022 R&4igne£l 8" July 2022 Api)tsinted 61h D%Tember 2021 Appointed I Mairh 2022 The Trusttts aiYdPtx)inled by th¢ Bwyd fora of four years. Thcy uii bere-elected. NOMINATEDIRF.PRESENTATIVES PlyinLbUth Uiiiversily IlnivaTily Df %t Madi and St John Not fillcd Mi. S l)lant Dr A Willidiiis Not filled P4ot filled ri<ig ()fli¢¢r Sca Ti'aining Rlor of Minst¢T Church of Si Andi'ew s
PLYMOUTII COI.LEC.E AND.S'I' DUNS'I'AN'S AIIBEY SCIIOOLS CI.JARITY PROFESSIONAL ADVISORS Bankeib. Lloyds Bk PLC Devon PLI IHB Soltcilors.. Wolfcislan 60164 NLTrrth Hill Plymtsuth Devon Pl.4 86P Auditors., BDO LLP BridbiLwdier House CtsuiiiuNIip BSI 6BX Insurance BToket¥'. MaiTh Liiiiit CapiEJI Hoe 1-5 ljerryinouiil koad Haywdrcls HLaih RH163SY
PLYMOUTH COLLEGE AIYD ST DUNSTAN'S ABBEY SCHOOLS CHARI'rY TRUSTEES, AliNUAL REPORT INCLUDING THE STRATECIC REPORT FOR TIIW, YTr'AR ENDLD 31 AUC.us-r 2022 Thc Trusie&, Ivho a also directors of Ihe LUIIIP2ny foi. th¢ purposes of Ilic Coinpani¢s Aci. 4ubEnil IhciT annual Yepoii and thc audited riiianLidl slalcincTil% for the y&ii' endcd 31 Augu%1 2022. Thc findncial siaion¢nls ¢oinply with the requilEm¢S of the Chai-iiies Aci 2011. thc CliaritlLS SORP (FRS 1021 and the Companies Act 2006 PUBLIC BENEFIT llic TrU[eC confinn that fliey hRve toiiiplied with Iheir duly in b¢Llii)n 17 of ¢he Ch3riiie4 Acl 2011 Iv liav¢ du¢ regai'd ID thc public benefit KuidanLe publisliLcI by tlie Cliarity Coinmi55lCln tor I ngland aiid Illalos and in particular lo its supplthiieniary public btfit 8uidaiiccoii IidvanLing cxlucation and fcc-chaiEing. 71ie Tru%lee5 and Sclioal l)tlicff% activcly cncouragc Ihc contiibutitsn of tin)< rnoney) SourCl and ialent &ciN)ss the full 17nge of the S¢hnol coinmunity for Ili¢ turtherAnce of public benefit gt die local, regional and iiiteriialional levels. ic lingcring ()ngoing cffecLs of Iht Covid-19 pandcmic only affLied the abiliry of Ihe SLhuol 10 d 1¢sser exleiil 10 2S41St iiidividual% and oi-¥aiii%aiions ¢lidritdbly. WL assi%1 a 4ignifiLanl nuinbcr ot- organisalian8 in Ihc local cijmtnuniiy, including local Inainiain&d school, comiru11iiy g1'0UPS Lind local chari110, and th&e all bcncfiitcd fiDm thL uf Suhool tJLiliEi¢S fi)r Imuch of Ilic ytrdi. and froin financilll %upport. This support ran¥eil froin pupils fundrdisiiig iniiiaiives and troin tlie iiivolvcinLnt of pupil% and staff in cvcni$ such as conccrts and ¥ominunily evcnt5. Exaiiipl¢4 of proj¢cl% that thc Sch1 wa% ¢ngagtcl in duriiig the year includ< nvl ¢xelusively.' Suppui'ting ¢lLarities Oui. i)upil lcd Charity Cominittcc 1% a thriving orgaDi.sation Ih%i, coniinucd to b¢n¢fTrt uha1'111knK wh¢r¢ il wal pi)ssible lu do $0. Thi'nugli these opportunities to si'i-ve vihers and to paitlLipal¢ with oiliei. eoiiiinunilies, our i?upil.% also benetii troin a Incaningful inlLraclion willi 11108e outside oui- School ca1niiiunily. In addilii)i) In this, Inaiiy staff ai Ilic Schothl lUPrIed fjiher chariiioi a5 Tru%t a11(l Govcriinrs. Froii) thc thdcrsliip Tcarn thL Hcad li a TrustL¢ al Jer¢iiiidli % Jouiiiey. Il)L Bui'sar is d TrustLe ttt Iii-F()CU5 Lhdriiy ai Exeiei.. fi)I'inerly thL Ex¥¢Li' Silii)ol toi. thL Bliiid. dnd IhL S¢111111' DLPUI), I-lecid i.E £7 CIDvcriioi at WLS'I. Mulr1 A¢adcnTry Tru%1. Mny stair 4IN() ¥ive otr tlieir CAPLrti%ty voluntec1 to coacli loul ¢hildr¢n s spoils team% and th¢ Schiiol Nurse is the WLlfBre OffiLEr for d local h(Kkey lea111. Teaming up ivith local sclioo15 The S¥liiJi)I I'eeogiiises hLTrW foriiindl¢ Il Is to have ils fRcililic.s and l(Trok.q 10 give oihcrs tli¢ opportuiiity to bcnefil froir Ihctn. During thi5 yc3r. Ihc 5POrt.% piidicts ai all 11¢5 have been loaned to local Khools. Our rninibLises Iidvt been useil by local schools aiid chdrilies aiid the School buildiiig¥ hDve been provided tD lu&il Schools for linsting inusic Lxains. We offer junior Spurts L¢ader Award {JSLAI aLcrediiaiion loi. our pupilE working with I11 Iehthols. Undcr this .scherne. our pupils qualify as yDung sports Icader% and arc ablt 10 run evcntq for local schiK>ls ITke Ibe Festival of Swrt noted below. Duriiig Ilic yLdf. w¢ provided i)11£ cein¢iils. suppoit and protLs$iDnal dcvclTrpmcnl for Ir<iinc¢ ieJchc]-.% who 11 i¥iJrk iii any pan of the cducatioii %ector. Wc also providcd plac¢nients for iiidividuals eiilier applyitig for a PGCE or who dre ubvut lu sldrt il to giv¢ theiii th¢ experienc6 they require beforg einbarking on their course. Wc air in colivtio1is with our neart%l PTiinary schoo5, Hyde Park. on what ditTeirlll Pdilneraliips mi81ii look like. So tar, this lias ii1Lluded Ilie ficliuul usiiig our facilitiL tui Ihcir Spurts t)ay bul plaTrs taT Ili¢ tuluir iiiclude sliarcd INSET trdining. u8c of oihc4' facililit skich a% S¢icnee lJhoralnrie% and academic and %porting coiiipctiiions. Makin% our facilitie5 Available to the Commulty W¢ mak¢ our facilities available 10 the coiniiiu111ty in a nuinbg. of way, 8omL of lIch &tY s¢1 1)ul bilow. We are Iniiidful of our owii rindllci21 pusilion aiid Ilicicluic. whcrc wc liad Iv ¢li?rge lily %0113e of Ilie activilio%, that Ilic%c cliargo wcrc kq)I ro a ininiinuin. The School iiidde awl]dbIt iis lacilitle5 throughout eadi lioliday PETiod for a-Holiildy Club." ThL Fc%iival thr Spori 15 a day wlicrc Ioc31 PTiillaiy scliool visit Plyinouih College for & sports day coinpeliiig dgain%l lI7 Oth-. The vent in Ilie sumiiier is run aiiliually by oui. older pupil% dnd staff. Local Scout fjrvup% Jiid other sd)ools this Y1. hired our bunkhouse oli DariiiiooT foi. cglnPS %ind ouidoor aLrivities. The groups also had us¢ uf our Ininibuses al jii.%l the cost of replacement fucl. We liavc bLrn running the Cuinbined Cadet Foi-ce in coiijunitioii with Sinke D21nerel Scliool for iiiany ycar5 now. This 1% a jvini piDj¢¢t with a local 1n8iiiiaincd school whcrc wc prnvidc Ilic facilitT&4 and qiaff aiid both our pupils and visiting pupils come iogeiher to enjoy rrnininE trips gnd event. Tliis yedr thLy luvk pari in Ili¢ Reinenibrance Day scrvlc, ddvenlurt-Ir8llllNgb 4¢tiviiies and a formal inbpectiDll Dfihe coiilingcnl. Thcy also uscd thc 5wiminiiig pool lo run swiill for thLYr CCF studoiis. tiist titn¢ Iwnning d hDliday Llub fni. ehildirn of ll aoc4 and had extremely rK)silive start wiih a great deal of int¢r¢si shown. Working alonEside le Plyinuuth Argyll coir111uniiy Tru51. w¢ w¢ie £iblL to Lunliniie 10 11)akg availdblL aCCOlnTtTrodalian, Ininihuses, our %i?ortfi centre and iiiaiiy oihLr faLiliiics. Sclii)ol neiglibours al I Icrmiiagc C()uit, * privaic rtsid¢Dt1al homc, Inade occasional usc of the School
PI.YMOUTH COLLEGE AND ST I)UNSTAN'8 AIIBF,Y SCIIOC)L.5 CIIARII'Y
TRUSTb.F.S' ANNVAL REPORT 1Tr4CLUDING'fiiL,- S'I'RATEGIC Rkl)OR'I' F()R I'HL YEAR ENDED 31 AUGUST 2022
(CONTIIYUED)
5wiinming pool aiiil Ilie Uniied RefciFIKLII C"hurLh at DLlgaiiy used lh¢ School tniiiibusth oil <)¢casiuni wli¢n requ¢4ted. Plyinouth Argyl¢
F.C. used th¢ Dclgany f&cility for IFaining ivcckly.
Plyirouih Collcgc suprtS Plyiiiouih Lcandci- Swimniing ('luh tlirouoli Il)e piN)vi%iyn of ct>aclies and Ilie reni ai belDw-LL)IiiinerLi£il i?i¢s
BursJry prugiratnnie
In addilioii tu Ihe very %ul?%1gtitial benefiis Ihe School brings 10 oui- pupil%. rhL lo¥al coiiiiiiuiiily aiid so¢i¢ty tlirough Ihc cdiicdtiTrD we
offLY, aur means-tted buiwry i)rogrdiiiinc create% a %iKidl 11%S¢I wiilioui cost 10 Ihe ExLlicqiier-. £397,4¥312021 £461,16?I ijf ni¢ans
tesied bursarits We piovided In IhL yar 2021-22. Th¢ SLhool uses P£1 reiiis t¢e% lor the fundiiig ot bursarie% and QliL child bLiiefils
trtiin a l 00g/ts bursary. In year. Ilie Scliool lias tuii(le(I l(X)l/Jts plaLes loi livt r¢lu&iL¢ Llijldiyii h'otn lh¢ Ukidiiie as a r11 of 111L Rubsian I
Ukrainian conflict.
Thciy arc ccrtain otho. Ili.scounl% offcrc(I by thc Schwl in dditIOn bursdric% in ord. li) l?elp fainilie5 Inyi13lain Lcbniinuiiy in Ilie
txluLalion ul'th¢ii' Children. tsuLli a% disLounis ttii- LhildrLn ivhv.4e paroiis se4.ve iii HM Ai-med Foircs and sibliiig di%countE whciL pairnis
havL Iiiorc tlian onc cliild al Ihc School.
As a cliarily. all tlie incDiiie ol'ili¢ 8¢hwl Inusi b¢ applied (or ediicaiion91 puryiis¢s. As an eduLHtionAI chariiy, we enjoy tax exv]nptions
on i)ur du¢dlional 4ctiviti£s providcd Ilikn%c arc appliLd t()T our chai'ilablc aiin%. A% a chailliy, wc are eiiiiiled 10 dn ¥04J/o [LIC[l(li vn
our bu%iness ralL's on tlie priii)Liiy we i)CLUPy f¢Trr ¢)111- ¢lidriiablL puiyi)se%. fin4nLi41 b¢iic4its we Irceive tOT dicqe tax exLitiption.% #r¢
ull appli¢d foi- ¢ducational purpo and indiit¢ily hclp u5 to iiiaiiit4in our l)uiEaiy pcilicjc. We al'e regi%lcred li)r V AT,- IIuwLvei'. an
u¢aiional ¢hariiy we ar¢ unable 10 ieclditn VAT tnpui tax oll rlic 1najoiiiy of'oui. cosi.4. as they arc CXUtipt for V A'I. pUw5. Wc also
pay 18x as an employer IhiDugh the PA YF. and natioiial insu1.ance CLTrniribuliuiis we In&kc
OBJb'CTS, AIMS AND ACI'IVI'I-ILS
Objetts
17ie ubje¢ls fur wliich Ihe Cojnpany is esiablitshed are die ddvaii¢¢m¢DI of thc tducaiion ol. LN)ys ond gills in aLcoiYlartct with thc l-IITisliaii
fttidi. In particular, withoui pr¢judieL lo IhL goicrality ot. Ilie fniEgoi1)& Ily i)n)vid¢ diicl Lvnducl cl&y oi. a Jay aiid boaidiiig SLhu(Trl Ix.
schoo14 in which ielixiuus instL.l{ln 1% givoi in acwrdllce wtih 111e doctiin¢% vf the Church ot England diid any ancillaiy or IncidLrial and
oihth'a%%(Kialcd activities for Ilie ¢fil Df the cfmninuniiy.
-lTh¢ School PlDvidtr coniinucius rduLalicn troFll dge 3 yea1% lo 18 yeyrs. Bo4iixfiiibJ is dvaildblL froin age I I, oi. leT at ihe disLr¢tivn ot'th¢
H¢ad. Both thc s{lOr and Prq)&rEthry SchoÉ)Is ar¢ fully ctpo4ucalional. The SchoDI tollnw th¢ broad Ihrusl ot'ilie Nalinnal Curticulutn.
Aim5 2nd Intended lillpact
Pl)qrauih Ci)Ilcgc.sccks to prU£¢ har4)y, kiiL)wlcdgcablc Lincl caring ynung <idulis who oaii) conliclrAice lit leDiiiiiig aiid wlio s11'iv¢ 10 rL-aLh
their full wltniidl. Wt dllll 10 PIDvide divcise enrithing dueation Ihiii pronioiL% scIt'.di%ciplin& Innlii'4ti(Mi aiid LKccllcncc In d{litin 10
c()nsidcrntion tor otlicts.
Lvmrnunic&iion, r¢tl¢aiveiicss aii<l rowur¢ctulntssl pruvidc Ilic tDundJii4)n ui)oJi which IhL holilIC edu1(¥17 Ilic Sihu()l IN ba%LTrd Eli ale
ini¢gral 10 Jaily life. T7ILy uffer guiclthiLL' Iv all InLiiibLl5 ()f th¢ Plyinouili Cvllv¥¥ Luinimuiiity, build ¢hai?ctCi- nd und117 evcrytliiiig thai is
donc. Athvc all. wc wish ID %cc Qui. pui)il.% hccnimc Ind¢pwd1l aii
PLYMOL'TH COLLEGE ATr4D ST DUNSTAN'S ABBEY SCHOOLS CIIARITY TRUSTEES, NtiAL REPORT INCLUDING THF. STRATEfJlL RFPOK'f frOR T11. YEAR FNDLD.3I AUGUS'f 2022 (CONTINUED) STRATEGJC REPORT 111 AChILtill¢nt and P¢rfonnanF. We had a v¢ry bTLTruiI sei ol'exdin rL%iilis in •022. The governineni S 1wurn to prfrCDvid levelE t.arn iigfi)UT is not quit¢ COlDplete. a$ IhLy haile opted toi" a two-ycar rclurn Iij fhc prcvious gidL h(Trundaiyc%. T11lf01. this y¢ar'% Dational grade boundariti s¢t tnidway hctween 2019 and 2021. We were di or above this iiiidway pvinl in Intssi grddg rdngL5, willi lh¢ lup ¢iid ol'A being VdTliculai'ly sirong. Our licadliiie figuirs wLYE-. A l¢v¥l I'¢sulis.' AA.. 430/tt, AB.. 66fj/. AC.. 81.10, Pg%8'. 97Q/o. BTEC Sports Baccalauit&tL." DDD or above.. 50/u. GCSE.. 9-71AWA.. 3/th. 9-61A B.. 62V/o. 9-51A_L (Good PIlE%I.' 85, 1)-41A C IPa5.41". 1)5 /, Ava"agL pttint$ 6.1. Th£%¢ r¢sult8 allowed our pupils to access courses ai a wide l'ange ot'cxcellent universiiies and the cnuiits thai th¢y wcnl on 10 study were varied and iirroriani. Th¢ %¢liool ctho5 ()f Educ&t¢, F.nrich aiid EintMIiVCT is fundatn¥nial giviiig our pupils Ihv knowledg¢ and ability to ailaiR %ULli a fabulou4 ofcxaillinatioii resJlis gnd UliiVe1811y d&%lination8. 1)ut everythi118 we do al PIy1nouilI Lollcgc instil% a 1.ich rangt of %kills Ih£i1 TVC Dur pupils wcll Ixitli wliile Dt clI01 an(1 for Ihc11' litelt>Jig piir8uii%. Wtr are proLJII of th¢ aclii¢ireinents our pupils 1nake both within and b¢yond IliL' Llasswoiii. aiid we cannot hvpL t()1141 all Ihc Vdried and woiidd'ful Iliings Ilial our pui)i1s dchiev in 2022. Pirp pupil.4 have cigain made ex¢¢llcnl a¢gddMiL progTe%s Iliis year. End of Key Siage twu indieaiors dbi)v¢ national stsndai'ds in both Eiigli%li aiid Mdili% dnil several Year () pupils acliiev&4 succ$ in g8iiiing %chrTrlarships In thc %ciii()r s¢hoDI. Exgi iiiinatiun r¢&uli% dre veiy iinporlanl for aiiy 5Ghool an(1 ll1'ing the 1 ssible sel of r¢5ulis tOT our pupi15 ha% always been and will reillJi1i 0116 i)I'our i)riiic1p1 I concerns, bLII such rasuII.% arc not Ili¢ ollly Inc1 af succc8. A% d %chool. wc do DOI forgci that whil81 gDod cxaiHiiialion grgdos arc both a key to unlock further opp(>riuiiilic4 and an objective iiiedsurv of leamiiig at a particular 813ge of an (Hi Wond th¢ cl8s%irniii and tlic fi)nndl curriculum plays just as iiiiportant a pait in shaping Ilie lives of Ihe young people who p3ss through this s¢liiM)l. W¢ havc 84Th/ry of our leaving siudenis going on 10 Univ¢Tblty and ()f Ilidl number, 12D/o atE joii?ing ÈTron-UK univ¢rsiii&s, a trend tht seeiiis lo bc xi-vwing y¢ar oli year. 'fhe reinjiniiig IcavcrE arc LIIIILr takin8 GAP yea15 Dut hcfDI'c Iiiowng OD io UIiTvcrsity OT cniering a1tcriiatiwc tstining schcmcs andloi. cinployincnl. One Student joined the Aiimeil FoYce%. Univ¢rsity destinaiiolls in th¢ UK inLlude C8rdil)', Nutiingliain, BtIl, Plymouth, LoughboiDugli. Sheflield Ilalll£ In, l)urhain. Royal Hollnwdy. Souihaihpion, Ncwcasilc and F-.xct'. uli1veTitY dL%tinatlQ11s outsidc of Ilic UK includc thc Iliiivwsity of Florida. Dartinouih MedTrcine, IUSAI, Uiiiversiiy of Virginia aiid Oakldnd Uniiie1%iiy IUSAI. SubjeLls bling studied inL'ludL ALcuunting & Fiiiancq BU71e5 Siuclits, Bioine(liLl Scienc< Civil Dgineering. Gcosrapliy, Occan Scienc¢. Airha¢ology, c.riiiiinology ond Physlcs. Music an(1 Di'aiiia Our traditional AutuiiTrn 'lcTID ¢vont5 Includd RcillcmhTancL' Day and the Caml SLY'ViCQ at St Andrcw's c.hurch. and at Si John'5 Baptist Church. The 39-pieeL ehoiT perfoiined as normal willi D111y wiiidowq 01)en for floiv of air. We also had d Staff chuiT thi.ough the Autuinn Teriii whu perfoniicd clurin¥ Ili¢ bihv(?1 s c¥rE)l .¥w-vic¢ Tli¢re was the hou.8e Inusic coinp¢liliall, which was at Ihc cnd nf tcnn, whcrt all house% p¢rfonncd 8 song all iogcÈhcr Ihat wgs th judged. Thib dlso iii Si John 5 Bdplist Chui-eh. We had an insiruinental cOn¢t and voLal wnceyl. Boili WLrL" lielcl iii thL' Old Gyin ITr fri)nl i)f an audicncE ot'PaFclllN aiicl pupilN. All rAira-curricular acliviii liappen¢d cvciy w¢ck including.ja7.i. band, choir, .4enior IDck hand. %lTing en%cirbl4 ukulclc club. saiiiba band, opcn inic band, karaok¢ club and Prep ehoir and bdnd. Du1'in8 Ihc spi'in¥ Tcrm thcrc weil many ton¢trt% I)apning aroun(I Ihc scliool. Thc usual IDuiid of illstruineiilgl and vncal cvcnings liappLneil, as audieiiies were iiow permiiied 10 atiend such cvcllis al school. and the u.qUcTrl socially crowd¢d House Imusic diid Hvuse Drdiiia coinp¢iili()Il% WLfL' jud¥ed iii the nonnal way in Muiley s Si Jc)hii s B£iplist Cliurch. All Iiiu5ic club% ai?d ciJ¢nis liappeiied as u.qual. Spcttli Day wa4 a 1gntaEtic evcnL we h11 d fnlo pcrfonnanLL ill Ilie oveni iisclf aiid a eonccrt that happcncd aftcr thc Inain cwwnony. We liad jau baiid. iY>ck bands. bing¢rs, and soloist4 PLrfcirminbT throubThoul the wliulv aliernvon. Iiidividual speccli and dr&Ia Ics501is, a5 WCII i11siium¢iiial and siiigiiig conlinued with many face-to-face A signilicant liu1nr of iiui1il now havL in%trumental los.lons duting Ihc school k. This year tliere ar¢ 144 pupil.4 It4rning coinpared to l&st y¢Jr's 89 pupils ILYinin¥. a huge Incre&.. Tliis y<Y has sttn a r¢iurn lo comp¢iilive sp011iiig fixtures afteT a break due to Ilic Coroiiaviru.% Pandanic. It has bcen lovely lo sec pupil% on Ihc 8P01ts piich¢s in coirpclirivc siiuaiion4 8goin and th¢ College conliiiues to field [tm9 in Rugby, Ci'ickei, Neiball, Hockey and Fovtball rlUlr1y Ilirougllol Ihe y&ar, as well 85 in %pDris such as Baskt'iball aiid Gulf L)n a less Irequgni basi5. li wa4 pleasiiig 10 ee Ilie nuillher ot'gii-ls rLVlC%tn1111g Ilic Schwl iii C.rickct Icains and the (Icv¢loi)Inoii of ouy provi.%ion in this area. Cricket is now a non- gend. specific aciiviiy, which has seen participation Icvcls iDcreasi'. InLYea.s¥d nuinbL'ii i)f LTirls have dlso begii involved in Fouiball. will) %onie bi>y% also trying Hockey p&rt of our co-curricular provision. In swiiniriiig, vui. paiknership WiLlI Plyiiiouili Leaiider Club, whLIL Ilic Siliuol prDviilts Ili¢ Inajoriiy of tlie elite swiiiiilleis. Continuo to dclivcr cl hugLly succcssfLJI pix)grain1nc at. coa¢hiiig to QUT yOUll¥ iiililctc%, aiid PlymnLJth Collcgc aluinni and studcNt% wei-e well rLyresenied ai lh¢ Binniiigham Coiiiinonwealth Gain0 in 2022. Fiiiiing coiiiinuts tu g(> fi'oiii sirliigtli 10 411ngth, wilh pupils wini)ing med41s ai the C.i)IMinonwealili Fencing Chainpionships among%t oihw coinp¢iilir>Ds.
PLYMOii'l'H COLLb;GL AND.%I' I>UiN s"fAN'S ABBEY SCIII)OE,S CIIARITY
TRUSI'F.'F.S' ANNUAI, RF.POR'I' JNCI,UDING'I-IIE STRA'fEC.IC lib.POR'I' bOR TIIE YLAR .1)ED 31 AUGUST 2022
(CONTINUFD)
pupils who reprented thtrir Lounlry 41n¥e the year 20(. WL d<) hthi¥cvLr. necd tn bc vcry consciDu.s (Jt"the numhLll" (If pui)11 oli roll who
coniribuiL to 5pori and the long-ith'in tuiure ol. I1n sPOrtN uiilLSS i¥e dre pi-epdr¥(l io tliiiik oulside of Ilie box. This is fui1h¥r liighlighied
by the national dmp off in reiuming Ic? %pi)rt t-1ckdwn bcing tcli hy clubs clnd Dthei. 8clinL)Is aruund Ilie ¢ountry. Spuit is sirLig¥liiig
to Teturn wilh the sJill¢ nuinbo paiticipaiing ouisid¢ of ¢Oucatioii and Ihis 1.% Llialleitge of whiLli w¢ Inum Irinaiii inindful.
Other Activiiies
ie OuiduLTrr F.duccilioii provision, Dke of Ediiibur8h Aw71 Scheiiie. Tell Tiiis. Youi?g EnierpiisL", C(iinhin¢d C#(l¢i Foirc and
co&nplLingniing Ilie btrs'pvke per%onEilised ndlure i)I'e(IuLdliuii dl IhL %Lhix)l.
Alongside Ility d¥livury of lh¥ Ouiduvr AdvenEui¥ gleinenl oTrf ihL LevLI i B TEC eouiE¢. wliich Tncludes th}ry Ics.4niis Riid u day of
practical aciivily trdch week tvi. both L(Iwer dncl lJi)pcr ()Ili, Ihc Ouiilaoi. Dei)drliiieiii also ruli 8 nuinbei. ol-Lxlia-LurriLuldi- pr()¥r¥inintt%.
This ycar Ihc updaicd courgc wc run I'equiiLS Ihc U6th pupil$ 10 uiidLrtake o weeks work cxpcriciicc, IvhiLli Ihcy did £71 a 10¢¢11 ouidooi.
ceniiy. Wc also included vaiiuus LTruidvi)I' qudliliLJliUiiS lur Ilie pupil% inLILidiii¥ Ilivse by Bi'iiish Cat)ueinL. Mouiii¢iin Trdiniii&
Mountain BikL Insiru¢tOT Srhcmc 1( nd putdoor tIT%I aid covi'%c.
The COVID.I ¥ pandeinic was still in lull swing, so i'ailier than otywiiig 'exlix' Irips, we toLus¢d oil providing Ihe besi 'core pruvisioii
thai wc could. Tlicsc W¢ Thc Dukc fif Ediiiburuh s Aivard, Ten Tais, our weLkly Ouidoor Lluh%. rhe Outdooi. elLlncnl ut. Ihc Lcvcl 3
BTEC and ALiivity Week fDI' years 7, 8, 9, 10 aiid Lower6111.
Ten Tt)T5 2021 the fi¢ ¢venl back tullowiiig COVID and li was also (he event-s 60th dnnivasary. Wc siaricd Iraijiing with ?0
pui?ils bul nuintK-rs rcduccd lo a 51118lc Icaiii of 1X wlio successt'Lilly coiiipleieil the 35.rtiil¢ ruulc al Ilie eveni.
Wr Imrt DukL' vf Edinbui-gh expeditions al all levels IBroiiAc 26, Silver 19. G()Icl 12) All l¥vels uf the weir pl¢&.g¢d io bL able to
run Ihc cxpcdiiions in a nitsre nL)TMl fashion Ilidn liad bccn ilic casc in tlic pirvious Iwo y¢ar%. Thc IlIDni.c %ecliDn lieacled b
PLYMOUTH COLLEGE AND ST DUI%S'I'AN'S ABBW.Y %CHO()I.S CHARITY TRUST£ES' ANNUAL REPORT INCLUDINC.'fiiF.STRATF.I-IC RTr'.PORT VOR THE YEAR ENDED 31 AUGUST 2022 ICOPITIIYUED) Flnxnclal Revlew Th¢'l rusico£ hDd prLviously revicwed thc financial iii(Trdel and sirategy of the Iwu sclieuls and had ¢Tted a plan tD InakL thein 01)erat eo%1 effectively wiihoiit Lhangins Ihe ciualiiy of the leacliiiig. tlir pa%ini'al Cic re i?mvidcd lo our pupils and staff Dnd thL mainicnancc of tlie facililicN. A81)arl ot.thi rcvicw, thc dcci%ion was taken 10 ielttatc Ihc Prcp Scliwl to Ilie Salior School site at Ford Pdrk 10 ¢11dbl¢ cvcll gTLatcr cfficicnci¢s 111 the opL'rdlion ol'boih scliwls. Tliis reloLJiton 1% iiow Loipplele 311d Ilie Prq) School opencd al the Fol'd l)ark 51te (111 tiiiit ai Ilie b¢giniiing of Septeinbu- 20?1. Mic 101Thcr sitc ot the Pi-cp Sch(K>l, Ihc Milllibld%. ha8 now bccn sold for £31iiillion 1£5C)k nver thc askiiig i)riccl. the salc cthiiipleicd on 30, September 2022. The acadeinic ye 2021-2022 shows a SU[5 on cortsolidated b85i4 of £329.517. 'Ilicrc coniinuos to b¢ focus on pupil recTuittnent, E%pL¢ially in inl¢niationBI buarding and IhLr¢ is an ongoing curriculurn rcvi¢w. Kc5, fillaiicial pthfi>nnan¢c indicatois. which Ilie Truqtccs Inonitoi. cli)%ely 10 assess Ihe Schonl's fiiidniial perfomantyl. in¢lude overnll suiplus or deficit as desLYibed above, pupil nuinbei's. T?'centagC Ot" gross lec% otTcrcd af reiiii5sTon$ and %iaff Costs a5 a t41tBe of inEvmc. Thcsc cniiihinc ovcr rcccnl ycai'fi io shniv tlic in)i)aci tsf rosli'u¢turiiig lo rnvve tUWciYds IhL deliv¢ry of J LUlTiculum ottiring Ihai rcingiiiE l?road dnd b4laiiLed while bLing bDIII suslainable 101. tlie SLlii?ol aiicl mf?IL alTordhl¢ for taliiilio. kLy financia5 pcrfonnaD¢¢ indicator% cilf r¥vi¢w&l by Ilic TrUtC&S al ¢acli mcciiiig and duiirtg 2022-2023, Ihcse will b¢ revicw¥d dnd fuixlicr ones idltIf1¢d. Most freehnld a55c15 arc held in two holding cliaritlL'%. Plyinouih College TFL]St St Dunsitn s Abbcy School Trust, d¥ldiled below., on a conwlid?ted basis the group of chaTlti¢s hc?Ids reserves of £6,330J35 12021.. £0,0,8181. The Scliool s genernl reservL5 arc i11 dL'fiiil by £710,311 al the year-cnd wiiipaiyd to £1,4()%.435 12021 dcliciil. 'I'li¢ iiccd Ini. day-to-day working capital 14 bcillg Inet by caiElul InandgLJnoil of 5hort-tCTm liquid 1uourc£s in Ihc ab%¢nce of free reSe8. restricted fund% - £592.864 12021.. £580.0481 and endowmcnt fund.%- £nil12021.. £395.6571. SinLe August 2006. Ilie d4%elS of PlyinLTrilth Colleg¢ Ti'ust ha¥'c b17 u5cd tts %CLurc Ihc hank bonwIng of Plymouth Collcgc and Si l)unfilan's Abbcy Sclioolf ('.harily by giiaTantct 10 Lloyds Bank Plo A&l% Ji Ihc Foftl Paik siie own¢d by Plymouth CullLgL Ti'ust w¢re .4ubject 10 this charge. Duriiig 2018-19, thL KUdr&niee was ¢xi¢ndLd so that Ihe fiEeliold propiyty osb¢t8 of Ilie CJrnup are used to SCCUTC Ikink boiTLTrwiiig ot. the C.liai'ily. It is thc intcniion ot- Ihc 'f1'UtCf to undcrtakc a gi-oup rcsiructur¢ during 2022123 financial yLi- and closc Plymouth College Trust and Si Duiisthn s Abl)¢y Schi)ul Trust, clear all Ihc in(l¢biulness b¢tween the It5 and vesi all ol. Ilie assets 111 Plyiiiuuih Coll¢¢ and Si Duii%taii 8 Abbey SchD()1s C'harity. GIEiit-Makin Thi% year th¢ lo131 value of .%cholaTships, bursaries and oihcr allowgnces was £1.9m 12021.. £2.2in; 2020.. £2.3m' 2019.. £2.4ni; 2018.. £2.2111' 2017..£2.4in.' 201 ()'. £2.4im' and 2015.. £2.5inl. li is the TIuslLe% Iioli¢y to dwai-ll N¢li()larshii)s oli the ba41$ of educational 01- c rricular potcnii<l18nd 1'ig4)IDu.sly mc[1118 tC51cd bUTTle arc gTanicd whcrc appropriotc. The vjlue of Scholahips has increased in rcccnt y¢ai'.s Js the difficuliy in recruiting high quality pupils inLYknisccI. though il has now %iabilisgd gild th¢ iiiternational repulalioii or the %LliD(Il lilis ¥ontinuul li) grow. Tliere 1£ curreiiily no endomenl 5UllI to P1Dvide %cholarsliip% oi. l)ursai'i&8, which Rfc If11 PTI)vided fiDm currcnl Incoinc, bui Ihc T11JStffs intcnd TO build uii a roLYve, which Inay eventually be used fo offci. ¢ducaiion lo a wid¢r speLlrurn of £rJciely. Iiiforinaiioii Jboui t¢¢ assitstaiict thr()U8h brrIeS is pi()vid¢cl OTr rL'quLl Ici all applying 10 jaiii Ili¢ S¢liDpI and oui Policy on Pinarcial As%i%iance i.s di%i)laycd on the 5choDI iiilcma silc and availii ble its the publie. Assi.4taiice foi. TcdcIIiii Stafl. i)aTI of our einphasis on &ttraciing and rctsilling high rnlibre staff, tve offer a diqcouni whcre stsff rneiiibers ¢hw8¢ tv educate Ac¢¢£s Poli li 19 i1Ylllnrtaiil to thc school that accc<s to Ilic cducaiicmi wc ofta. 18 not r05trictcd 10 diosc who rnn #ffoTd ()ur Wc lIeVe pu18 btnef11 fit Icarning within a divcrsc coininuniry. A great deJl of leamiiig (Trwuis diTwgh social inieraction. conver%ati(m aiid shared ¢xp¢]iwices ivhiLh lielp LTrUi-pupils develop an unÉlersiaiicIiiiL ()f Ili¢ i)ws1)¢ciivei ol-oili¢r peoplL' that will be vilal in thcir aduli liv&s. Ourw'aiii- In4kiiig IliCIe8, togciha" with our Irany coirmunity links, coiili'ibut¢ to a wd¢Ding ot 10 the edu(*tion we offiy and Ilie faciliiies we enjoy. Inv£%tmcnt Pnli The Tiustees arL auihLTrnsed by Ihe Meinoranduiii of A%socidlion aiid by the Trtste ALI 2000 10 dep05il Ironey #lid 10 invesi lunds iii gtiy Inaiiiiery providcd that thcy obtain aPPToiiriaie advic¢ froii? a qualiti¢d individual and k¢cp thc invcbliMCnl8 undtr rcvi¢w. Thc School WTrTks ivith invo9tmcni manag¢rs who misna8C thc inv(%tilleiil% oli a discTetiOlicfiry basis. Thc T181e&S intend that the real value of Ilie Scliool as%cts bt maintaiiicd and caihancd ovLI' thc long tciin by inv¢strneiit ill a portfolio comprised of quities. fixed iii¢om¢ sio¢ks and Lash. The specific objecrives foi. re51ricied and uiir¢s11"icled funds are as follow%'. RGtrictcd Funils Unrell.1Cted Funds Incoirc Ilo sypplcillcnl %chttldT%hips and bursa1.1&] A balanc¢ of incom¢ gnd capital gY()wth Uniler Ilic diirctinn of Ilic Cliarity cniiiilli.5l0Cr1, £ia,000 is to bc invosid gnnually over a 25-y&)r wiod 10 replace the capital that was uqcd 10 a%sist with th¢ b1]dIng w4ts of Ilie swiiHinin¥ EK)iJl aiid titiitsy suite
PLYMOU'I'II COLLEGE AND S'I. DUNS'I'ATrJ'S ABBEY SCHOOLS CHARITY
'rRUSTF.F.S' ANNUAL REPORT INCLUDING THE STRATEGIC REPORT FOR THE YEAR ENDED.11 AUCUST 2022
(CONI'INULD)
Res¢i-vc% Poli
ThL TrustLcs policy is 10 build up fiilld% out ot'annuol 0[ratIng surplusc%, %ubjeci t(J ilie pritsi. daiiand% of tuither capilcil xPLdIture lo
equip tlie SLhool with the up io dale léLiliiies n*ded 10 I111¢in th¢ btan(laixl of educaiioiial wvices ¢urr¢ntly providcd.
At 31 August 2022, our ¢ansolidated genal reservoq were £5.70 Inillion 12021.. £4.98 nTrillionl, with nci Lurrcnt liabiliti¢4 ()t' £3.30
f Millficld%, thc halance £lie¢l will bc Irsii'Jciui'¢d and Ilic TrUSteL ivill rcviciv Ilie api)ropriai¢ levcl (It rc5erves. The Siliool %liiiul
PLYMOUTH COLLEGE AND ST DUNST AN'S ABBEY SCHOOLS CHARITY
TRUSTEES, ANNUAL REPORT INCLUDING THE STRATECIC REPORT FOR THF. YF.AR EN]).31 AUC.UST 21)22
ICON'I'INUED)
The Boai-d meets a mininiuiii Of Ihree liin¢s pgr yLar, aiid iiior¢ firquLiiily if iiece5sary. Eacli IncLling is precedd l)y Education, Financc
L Gcnrral Purpos&s an(1 Gov¢nian¢¢ and Noniinaiion% Meing.. Rcinuna'atioii aiid Str2tcgic Planning ad hoc sub commiltCYS Tn¢ei
whcn required. Thc HIMd aiid Bursar atlcnd all meetings described above.
'I'hc Trnsie£s 9rc gw&rc of IhL' Charity Code of Govcmaii¢¢ and continue 10 review it in conjunciioii with the objxtiVgs of the S¢hot)l.
Key Management Per5onn¢l
Th¢ Trustees considei. Ilial they. togrthrr willi Ihe l.lead, L4uNIT, Seiiior Dcpuly Head, Prep HtAd. t)cputy Hcad Pastoral, A$8istant Head
Acadcmic, and Assislaiil He4d Co-CuTricular & Dire£loY of Sport ar¢ Key Managament Pwsonnel I. note 4 10 the acLOUtils1.
All Tn&sttts giv¢ of their IllD¢ frtely and no MunlI10tt was paid during the yeai'exttpi legitimate VeIlIng ¢xp¢nstS.
The pay arid r¢inuneration of nploYc(l Kry Manageinenl Iler4nnncl aTC set on apwintrrtnt 4nd r¢viewed annumlly by the Board of
Govcmors. Severjl used in s&ting pgy..
Nalureof the IDIC and regnsibIlitieS
C,oiriKtitni' Elanc In the rcojon
Th¢ scctor average salary foi"
PLYMOUTH COLLEGE AND ST DUNSTAF4'S ABBEY SCHOOLS CHARITY TRL,STEI.'S' ANNUAL REPORT INCLUDING THE STRATECIC REPORT FOR THE YEAR ENDED 31 AUCUST 2022 ICOLN'I'INUED) GOING CONCERN AND LIQUIDITY RISK DISCLOSURE The Chariiy's COIE aciivilies, iogeiliei. with likely to affcti its dcvclopmuii, pLrfniingnce aiid po%irion wiiliin the Ind¢i)elidi¢ Sihvul scthor are Sel out iii the abuve pai-a8rap115. sli1]1.1y, Ihe finaii¢il pusttions of Ilie chariiy, tis cash fli)ws, liquidiiy posiiion and wing faciliiics arc doscribcd both in Ihc preceding pardgi7phs and in th¢ detail ol'ihe audited aLcounls Ihul liillow. Duriiig th¢ year 10 3151 August 2022. Plyinouth College and Si Dunstan's Abb¢y Schools C.h&riiy Inct ILS day-lo-day working rcquiremcnis through an overdrdft fAcilily. 'Thi% facility was wiihdi?wn i)o%l yLar-uid on 3(Yh SeilLe1nr 2022 whLn Si S Abbey School Trust Lvmpleted on Ilie sale ot the Miiifields Piyp S¢liwl 51t¢ tor £3.000,000. The Cnllcgc is now opc%'aiing in CTcdil bul Inoy eonsidLr ainnging a focility Iluring lh¢ ?11221202.3 accounling year. COVID.I(J li#cl LreEiied IllaiLrial unc?1[Y loi- sLhLTrLTrls in ¢1SS¢5sing Ilieii. fvrward plans and IhLn Ilie twl) maTn areas ot. unccjtsiniy i-LlJtcd to the op¢raiing modcl and ilie tinaii¢iiig i)I' Ilic 5cliool. I'he CJ(JvcmoiE Colilinuu 10 5ccnario pldti and Ldrry oui a 1>1. all Ihv risk5 th1 Inay fdLe tli¥ Colleg5L' 111 Ilie futLiir whilst trying 10 ass Cullege and St DungiJn s Ab6¢y SLhovls Ch&rily s fU1LaSt$ aiiil pi'ojtciioiis, iakingi intv accouni all iias()nablL tnd po&%ibl¢ cli¥Liigc% in trading pa'lomiance, show that Ihc Cliariiy should b¢ ablc to awatc within credit ltir Ihc foTeah1e luiuiy. Oil Ihis basis, tliey have prrpdl-rd thv dLcounls on J goiiigi coiiL¢i'n basis. Siattmtnt of Ti'u5t¢C5' Responsibilities The Trusiets Iwhv ai"e ylsu dire¢ioiB vf Plyiiiouih College a11d Si Dunslan s Abbcy Schwls c.harity for the purpo.8es of coinpany lawl arc rospoii%iblc foi. prcpaiing Ihc TruFlcc% Annual Repoi# Iincoii)aralin¥ the Siragi¢ Rrporil aiid Ilie financial siaiernents iii accordance wilh Ipplible l&w Jnd Unilcd Kingdoin Generally Acc¢pted Accounting Praciiue (United Kingdom Accounting Siiindardl. Coinpany law Tcquires IhL Tru%tce% tn prcpair financial $iaiLincnls tui. cach linancial ye#i'. Uiider wmpany law, (he TtUs1¢¢5 Inust nor appi()ve lh¢ fiiiaiicial siaiejnenls unle% Ili¢y are saiisfied Ihai they giv¢ a ttwe and tair VILW thf thc %L'itc ot- al7dir% ot. the charitable coinpany aiid Ihc group and ot'tlic incoiiiing resourc. Intyludin8 Ilie Iniurne Hiid ¢xp¢ndilur¥ uf the ehariiable group f()r that period. In preparing Ihose financial si&temtht. Ili¢ Trust ro]UilLd It).. s¢lwi %uiiable aecuunlinL' puliL'i&S apply them consistently; observL thc In¢ihods diid priiiLiple% in the Cliai'iiigs SORP. Inade judgcincnt% and cstiiiialc% that are reanable iincl prLicILiil, state whcllici. applicable UK accnuniing siaThdard5 hcive been follnwed, 8ubjeLI tu gny Inaiej'ial depdrlures disclosed and explained in Ihe finanLial siaiementS' dnd prepare Ilie finanLial sial¢iii¢nts on gloing conLern basis unless if 18 inappropriote to prc8umL tliat tlic Lhayilablc coinpaiiy will ¢oJ)tinuc in busincss. 'lThc TruslcL% ii%pon5ible for k¢wiiig adtquaie dccouniiiig reoirds thai are suifieienl lo show and explain the tyhatirnblc thinpany'% and thc group's iiwnsaciioiis and dis¢los¢ wilh Irasonablc accuracy at any liinc Ilic tiiiancidl tM)silian ol'ihr Llidl-ilable coiiipaiTry aii(I guP Hnd ¢ab]e hein lo Ihat thr IinanciHI staittneiii¥ winply willi the Ci)InpatTriL% Aci 26 and Lh¢ provisions of thc chariiy's conslitulinn. Tliw air also iYsp()nsil)l¢ for saflyuarding the a%4cts nf Ihc tharity dnd the SiuP aiid lienLc lor laking st¢ps for (he prevention and deteLIiLMi (If hud and oihcr ilTegu1.itlwty. Staiement As t(k disc105ure ol Information to Auditors I.ch nt tli¢-I'ru%ieL% of'ihc coilipTrY wlio lielil oifiLe dt thL d41e of appiL)val of ihis report, as set r)Ut obovc. contirtn thDI'. so far as each Trusrtc is aware tlieTE 18 nth relevanr audit intomidlion ot'which Ihc coinpany's audiiors aiy uiiaware; and cach I'rusl¢e ha% lakcn all Ilie steps thai Ihey uu¥hi t(1 have taken as a TTU51ce in ord. to bc awarc ot. any IElevani audit inf()niiaiion nccded by Ihc auditors iri connection with i?1)ar11)g Ihcir r4)uii and 10 eslciblish Ihar rh¢ cuiiipany s audilOlS are &ware of thai iiifoniitiiion. 'rhi.% rwri was appToved by tlie Board vn Mr. 1> NunncTl¢y BA. FCIB ITrusle¥l 10
PLYMOU'fii coi,I,EC.F AIYD ST DIINSTAN'S ABBEY SCHOOLS CHARITY INDLPF.NDEP4I' AUDITOR)S REPORT TO MEMBERS OF PLYMoirrH COLLEGE AND ST DUNS'fAN'S ABBF.Y SCFIOOLS CHARITY Opinion on the finaDcial 5t3ten)ellts In oui. opiiiioii, the finlncial $18ternents'. give a ii'uc Bnd fair iJiew of thc %lJl¢ ot th¢ Gri>up s ai)d at'tlie PaiEnl Chdritdble Coinpany s affairs 35 al 11 August 2022 and of the Group s iliLL)tning reqourL'e% and appliculioll ofr£spuriu% lor Ilie year Ilicn cndcd. have been pi"op¢rly prepaird iii accoiQan¢c with ljniicd Kingdom CieneTally Accepied Accounting PrA¢ti¢e' and hav¢ beeii prepllTcd in aceordanLc wilh ihc rryuireiiienis of Ihe Coinpanies Act 2006. We havL audilLd the financial staleimenls of Plymouih ("ollegc and St Dunsiaii s Abbcy Schools Charity ("Ihc Pairnt ChariiJbl¢ Cc)1111)c111y"l and its .%ul)%tdiarits I'thc Group'-I for thc year cndo4 31 ?022 whicli coinpriN¢ the Cvnsolidaied Sidteinenl of Financial Aciivitl¢5 IinLoryoraii11g incoine and expe]idiluri Auuuulli%l, C.IiiiMilid31ed aiid Cha1'11y 14alancc Shccls, C.niisnlidaied Cash Flow Sidiwiicnl and iiolc% 10 Ili¢ Iinfiliciiil fljleincnls. including a suinrnilry of signifiLani accouiiting piiliLieb. The finaticial reporting fraincwork rhai has bccn applicd in tli¢ii' preparciliLTrn i% appli¢ablL law aiid UnilExl KinBJ(l()iii AccDuniiiig Standard5, includi11g l-inoncial RLPOrtiiig Standdrd 102 Tlii FiJtiinciéII ReporiiiTg sialid¢7J &pplicrthlE iiT ilie UK (ziid Reptiblie of Ir¢land (United Kingdom G¢n¢rally Ac¢cpic(l Accounting h?ciic¢}. Ba$1$ foi. opinio We conducicd QUT dudil in aLcordanLe willi Inlei-nalional Siaii(laid£ nii Auditing IIJKI 11SAs IIIKII and applicable law. Our r¢%p()nsibiliiie5 under IhiTrsc 5tandard8 are turtlicr deSCTiI?ed in Ihc Auditor's lE551b1]It1&q for the audit of tlie financial stai4nenis geciion of nDI' rcpoff. W¢ b¢lTeve that the audit evidence we have obiained is sutyicient gnd dppIDpriaie iu provide a bgsis for OUT opinion. liideyEnileiTC We Irniain iiidcpun(l¥nl ot-lhc (JTDUP Dnd thc P<ircni Chatiu]bl¢ CoTnpany in accordance with thc eihic81 requiiLillgnls that are relevani to Qui- Jiidit of tlic finaneidl stdleineiiis in Illl UK, including the FRC s CthiLal Standard, oiid we have fultillcd our other cihical respDnfiibilitl¢4 111 dLLQTdancc with Iho8L Irquin)ncnls. Conclusions relt¢d to golng concern In auditing Ihc financial statcmcnts. we have conLluded that Ihe Trust¢es us¢ of di¢ 80ing lnLein basis of accouniing in th¢ preparation of ihe finaiicial stal¢m¢iil% 14 dppropriaie. Based on Ihe wui'k w¢ havL prfunngll, we l)ave noi idciiiified any iiialeTial uncertaiTrli• rclaiing 10 ¢ienls or ¢Trnditions Iligt, indlviclu1IlY or coll¢cliv¢ly, Inay cast sigiiificant douhi an Ilic CJ10UP and thc PgTent ('.harilal?Ic Company's ability 10 conlinuc as a going oiiccrn f(Trr a pcriod ot at Ic8st twel Inonths from when the Iiiiaiicial slat¢m¢niy air auihi)ris¢d for issue. Oui. Irsponsibiliti& and Ilic rospnnsibilitiC5 of the Tru$1 with rcspect ID going ctsnccm are dcscribed in Ilie rcl¢vaiil st£tions of this report. Otliei. in(orrnRtlon The Trusiees are Te4P0115ible f()r Ilie uiher infLTrniiaiion. The oihei. iiifvrniaiion cDinprise4 the infonnalion inLluclcd in the Aiinual R¢pgrt and Coiiwlidaled Financial Slaleinenls, cithLr thd11 th¢ finaiiei81 stsleiiieiit8 aiid our audiloi. s IT}ri Ihu'¢on. Our opinion on tlic financial laltmtni.q iiol covcr thc other infoniialion gnd, cxctpt 10 Ihc cxicnr othci'wisc o¥pli¢itly stated in our port. we dD nTri expre5¥ any fonn of assuraiiLe cvnclusiun thuEuii. Oui- iespvnsibiliiy is io read Ilie other iiiforiiialion and, in doing so, consi(Ici' whether the nthcT inlorinalion is Imaterially inconisitnt willi thc financi<11418tcment% Dr our kiiowlcdgc obiaitt¢d in ihc cour8¢ Ot th¢ audiL or oih¥Mse appcatE lo b¢ materially mi4staled. If we iclinlify such Inateridl ineiinsislencies oi. apparent tnEil¥rial 17il%¥ldtTrentS, we are IEciuir¢d lo deiennine wlieiliei- Iliis giv5 risL 10 a maiLI'ial mi&£ia1¢171cnl iii tlic tllliincial statcillents th¢nis¢l. If. hascd on thc work WL have pcrfoTinu4. we concludc that Iliere is a maiwial illi55t8tcir&il i)f thib Other infonnaiioii. we aiE requird to r4)()It tht fLI. We have noihiiig tts rcNrt in thi% regaixl. Other CompAnÈes Act 2(J06 reportlllE In nur 01?ini(?n, bascd on thc work undu18k in the ci)urse of the audii.. Ilie iiifciiii)iili(>n ¥iv¢n in th¢ Trusl¢es' Ilepoi'l, whicli incluilcb thc Dircciors RqY)n and the Strattgic 1-CPOrt prepared for thc purpn.q&% of Company Law. foi. Ilic fini¢ nGjal year ftsT whicli Ilie Iinancial 8talenienls 41TL prepared is consistLYt wilh th¢ fin¢in¢iJl IIIL. Sirdlegic iiport aiicl Ili¢ Dir¢viOl% Report, which arc i17Lluded In rhe Tru8¢ Rep*, havc bccn pirparcd iii accoTdanr¢ with pplicahlc Icgal rcquir¢m¢nt%.
PLYMOUTH COLLEGE AND ST DUNSTAN'S ABBEY SCHOOLS CHARITY
11¥4DEPFNDENI' AUDI'foR'S REPORT TO MEMBERS OF PLYfvIOUTH COLLEGE AND ST DUNSTAN'S ABBEY
SCIIOOI,S CIIARI'I'Y ICOIN1'1NUJ.:I)I
In the lighl of Ili¢ knowlcilgc diid uiidaslEiiidiiig of Ihe Giuup and Ilie Pareiii Chdl'iiabli Coinpany ils eiivironmeni obicllrted in th¢
coursc ofilie oudit. we havc not id¢niifi¥d ii)aiu-ial Inisstatcinciil tii tliL %tratcgic rLp01'1 or Ilic T1tCe% reix>ri.
Wc havc nothing to Yeport in TCSpccI ol'thc t()IIDwing in relaiipi) 10 ¥vliiLh thc Coinpanies Act 2006 requires us lu lu you It,
in our opinion..
a(lequaie aLcouniing retoids have iitil bccn kcpl by the Paroii Chii'iuble Conipany, or i"etUrns adwuai¢ for our audii hav¢ not b¢en
re£civcd troin brcTr11ch(s not l1l8iiecl by u%, i)r
thL Pareiii Charitable Coiiipany finfjnLidl siaieineiil$ are not in agIlen( wilh the aCL(>UDting ircords and lilums., or
certain di%L'lostsr¢% ul. Diiytyiors r¢iiiunLYaiitsii.%yeLified by law (il'e 11011111¢ Jc., or
we liav¥ not e1Vid all thu intormalion and cxplandiioiis WL require loi. c)Iii' audil.
Respoth$ibilitie5 Df Tru5tee5
As ¢xplain¢d Inore fully in Ihe Statement of Trustets R¢spoiisibililiLS. thl I'ru.%lcc% Iwlio Ihc diiECturs ot. the ¢li#riiabl¢
coInpany fui. Ilie purposes ol. coiiipdiiy Idw) dfL' respi)11sibl¢ toi. Ihe i)ly)ailIUn ol- Ilie liiidnLi415ratciiienis and ft)r bcing saiisticd Ihai
stat¢iiienis Ihai #IL" fir¢ Irom maieiial Tllis¥iaiernent, wh¢th¢r due 10 frnud or ¢T.
In piwaring the tinancial slalcrnciil4 the Trusiees are irspoiisiblr fur asse85in¥ the Grvup s an(t (he Parent Chariiable Company's ability
10 continue as d going conccrn, disclosiiig, as applieablL'. Imalters Irlaid 10 goiiig ctrnccrn iiiid u%iiig Ilir gi)Ing cui)Lei-ii basi4 01
aLcounling unless the Ti'uste¢s eith¢Y itii¢nd tu liquicldie Ilie GroLIP OT Ihc Pairni ChariiablL Cvmpany oi. 10 cca$c opcratinii%. oi. liavL Iio
r¢ali8tic alicmkiiive but tn do so.
Auditor's r¢5pon%ibilitle5 for the U¢Ldlt of tlie fiiiAILtilll 5tatenient$
We hdV¢ be¥ii appointd as audiior under the Coinpfjni@s Aci ?006 and r¢poii in accor(lllnc¢ wilh Ihc Aci and Tclevaiit Ir¥ulaiioiis Inddr
r having effccl IheY¢undcr.
Our ohjwlivts dre Iv vbiaiii reaSLbn<ible JsSLlI?nLe aboui wli¢ilier IhL' finciiiLial sidtein¢nts a.q a wliolL dre ti'w troir maicrial Inisstatciiicnt.
whcthcj. duc 10 fraud ttr ClTnr. and ro i4suc an au
PLYMOIII'H COLLF,CE AF4D ST DUNST AL¥'S ABBEY SCHOOLS CHARITY JIYI)EPli,NDENI .1. AUDI"I'I)R'S REPORT TO MEMBERS OF PLYMOUTH COLLEGE AND ST DUNS"I'AN'S AIIBEY SCHOOLS CHARITY ICONTINUEDI Iii cidd1rssing Ihc risk nf frnud in inc4)mc rccogllition we tronsidered Inanag¢iDenl-% InLeiiiiv¢s and oppi)rtunilies for kauduleiit Inanipulaiion of Ihe fin811¢iyI %laiemenis diid desigiied specilic diidil lesiq 10 rcstKind lo Ilii.% ri$k, in panicular In addrcss tlie L0111plgteiits4 otr inr()IMv r1%k,' 311d Iii acldi-c&siii¥ Ihc r1sk of fraud ihi-ough man8gciiieni ovcrride of ¢onii'ols. i¢stiii¥ tlil appiupiiaiencss o)f jouinal eiilries and other adjUstInts. Our Judit pMcedu% were d<4igntxI 10 respond 10 risks of iiialu-ial mibsiateinenl iii tli¢ finaiicial 51alrTncnts. recognising that th¢ Ti%k of not detLKtin% J Inaterial liii4sEalenient duc tv trilud 1% higher than the Fi%k of not d¢iccring nlle rosuliing from cnN)r, as fraud mdy inVLTrlve delihcrgte cnnC1McnI by, for cxainplc, forgery. Inisrcprcsenlalions or Ilirougli collusioii. There aiE i11hLr¢ni liiniiaii0118 in Ilie audit proccduirs pcrfvnneil dnd Ihe funhei. removed non-coinpli&nc¢ willi laws and regulalioii is froin Ilie ev$nt and bn%actiDns rdcctcd the liiidniial Nlatemgiils, IhL Icss likely wc a1¢ to liccniHc awarc of 11. A fuither dcseriptiun uf vui. rusptsiisibiliii&s for Ilie audTt i?f th¢ Iinancigl late1cnt$ IN Incaicd al Ilic Financial RertIng Council 5 I-"FRc-.l wchsite 8t-. htl ?s.'Ilwww.fi'L.01 .uklaudilor.5r& t)nsibilitie%. Thiq description pari of our audilor s repoit. Use of oiir report This report 1% In#de solely lo Ilie ('liaritLiblc Coirpany'% iiieiiibeT.%. as a body, In ac¢ordan¢¢ with Chapter 3 of Pa11 16 of the Coinpanies Aci 21106. Ou1- audit work has bccn undertaktn so dial ivi iiiighi ¥ldie io Ilie Cliai'iial)le Coinpdiiy 5 imrmb¢rs Iliose Inalter% we arc requir1 i() stale lo Iliein in an au(liior % rei)Drt ancl fnT oih¢Y puii)o%c. 10 Ilic tllllc%t cxtcni painillcd by law, wc do not accept or a5$11mc r¢%poiisil?ilily 10 anyonc othcr Ihall the Chariiiblc Coinpany and the CharilablL Cumpany s In¢inb¢r4 ds a b()dy, for vui. aiidii woi'k. foi. thi% ILport, or fui. Ilie opinii)ns WL have foirnccl. DocuSMdty'. DA15AED75D45453 HuiheT Wh¢i1110use ISeiiiDI' Sialutoiy Aiidiloi} roi'.illd bLhalf ot. BDO LLP. statutory 1( udil()r Bri4tol, UK Dalc 14 December 2022 Btx) LLP is a liinitcd li(Ibilily partncrship Tegi.%lci'cd England &nd Walcs Iwiih rcgistcr¢d nuinb¢r OC3a51271.
PLYMOU'I"H COLLEGE AND ST DUNSTAN'S ABBEY SCHOOLS CHARITY CONSOL.IDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAII LDED 31 AUGbSI' 2022 Ncilr UnKlricied R¢firi¢i¢d Fuiid Endowiment Fuiid otAI Fund Funds 2022 2021 INCOME AND ENDOWMIN'I'S FROM: Scliwl fees 7.502.053 798,679 7.502,053 7,429,O4¥ 779,522 Ancill&ry incom¢ 798,679 Dondi1¢Jts ttiidleg(tcies.' tk]iiaiions 3b 14,714 13,426 28,t40 16,697 Ircoiiie jr01 irftding LILljiyjljts.' 04.154 8.406 ¢M,154 8,4116 61,080 4.494 12 4.287 Oihej. Pr(Ifit nn %alc ol'laiigiblc fixcd 786 786 242 TOTAL INCOME 8.388.804 13,426 840227 8 295.371 EXPENI)ITURF. ON: S¢hoi)l (?p¢raiing cosis 7,747.546 6,610 7.754,I56 7.589.577 Financ¢ 265.086 Z6.5.086 186,844 Impairimeni on Property 435,774 EipcJi[(ljri{rLJ OFI I5111S. COEI of iiising tunds 576 576 625 Tr¢F¢lirtg<3nd leiiiiigs 46.03fi 46,036 IS967 TOTAL EXPENDITURE 8.059,244 6.610 8.065,854 ¥,228,787 Nei Ilossesllgainb on Inv[1¢1715 10,8591 16,859) 47,060 NL'I. INL()MF. 322,701 -129,517 l13,044 L)$ on r¢valuaiioii of fixcd assets I'ransfej {2,064,2261 395,657 1395.6571 NET MOVEMENT IN FUNDS 718.358 6,816 139i.6571 -129,5&7 11,95O,5821 Fund balc1nces brought toiivai 586.IH8 195,657 6,000,818 7,951.400 Fund balances carried fui'¥v4rd 5,737.471 592.864 6.330.-135 6,OQO.818 Th¢ siaiejneni of finanLitsl a¢tiviti¢% inGlud¢s all gaiiis lo&$o% iii Ihc ycJr. All incoiiie aiid eAI)LiidiluiE is dei'iv¢d Iroiii iotiiinuing ie iioies on pages 17 10 35 fvrin part of the%¢ fiiiancial Sl4?ieinenis. 14
PLYMOUTH COLLEGE AND SI. DUNSTAIY'S ABBEY SCIIOOLS CHARI'rY CONSOLIDATED AND CHARITY BALANCE SHEETS AS AT 31 AUGUST 2022 riroup Charlty Note 1022 2021 2022 2021 FIXF.D ASSETS Iiii#ngTble asscis Tati¥ible 8*seis IDvcstillcnt 15O.OQO 10,115,U49 165,000 10.156,47Y 150,000 .805.17b 65,(KX) 1,902,334 10.265 049 10,413,503 2 015378 2 IK)7.334 CURRENT ASSETS 333,177 693,630 494,188 1,545,51J4 12 2,168,285 531,298 1,545.5 Debtors- Amnunt% falling duc after onc y¢ai' C34h ot bank and ill hand 195115 528,492 364,772 1,058,402 323.032 2,399,834 Crtdltors: Ainounts falling du¢ within one yedr 10 13,828,J4SI 15,231,047) {3,811,437} 15,225,378) Nb'l. CURRENT LIABILTTES -1299 653 14.172,6451 1643 152 2,825,544) TO'I'AL ASSETS LESS CURRENT LIABILITIES 6.965J96 6,240.858 372.226 1758,210) Ci'editoi's.. Almounts f8llin8 due aft. onc year 1fi14,061) 1289,0401 {1,055,4641 1689,9681 tkferred laxaiion 11,(MJOI 11,0001 'I'()TAL NL'I. ASSLTS I (LIABILITIES) 6,130,33S 6,000.gi 8 1683,2.18) 11,448,178) FUNDS Cncluwtnriit fund.. Unrcsiricico lunds.. DeSittaled funds Restricted funds 17 395,C)57 4,976.476 42,637 586,048 5.704,834 32.637 592,864 1710JI11 11,468,435) 16 Z7,073 20,257 6 3.10.135 6,OnO,81 S 1,448,178 Thc Scliool h85 tgk¢n advontage of 8ection 408 of ihe Coinpanie8 Act 21K)6 not 10 publish its own stalemeni of finar)cial a¢tivilie5. ThL School's net income for the yeAr was £758.12312021.' net in¢oint £506,633). Thc financi1 51at¢mcnts w¢r¢ appiowed and authorised for issue by the Trusl¢es on If and signed on their b¢half by.. Mi. P. Nunna"ILy B Truslcc Company Reglstration No. 05189426 The noles on pages 17 lo 35 fonn part of Ih&sc financial slfiteinenl.8.
PLYMOUTH COLLEGE AND ST DUNSTAN'S ABBEY SCHOOLS CHARITY CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGU8T 2022 2022 2021 Noie CASH FLOW FROM OPERATING ACTIVITIES Ncr cash prov111c(I froin optratin8 aCtivitlQ5 20 1,279.515 490.848 CASH FLOWS bROM INVES'J'INC ACTIVITIES Inv£still¢nl iJcoinc rcccipi PurLhase ()f'iangibl¢ tixed a5¥eis p)Cce[L salc of iongiblc fixed assets Proceeds fruin inv¢¥rin¢iiis Net t#5h used iii invtsting aetivitie5 4,287 1554.&401 801 97,701 11072431 2,000 216,499 111,268 (452.0511 CAS11 FLOWS FROM FINANCINC ACTIVITIES Rcpayinimi of baiik loan Iniertsi paid Net CA511 lji IInancl¥ Activities 110¥,9831 183,1381 197,4311 {113,05.1} (210,4841 {DECREASWII INCREASE IN CA.811 EQVIVALENTS DURINC THEYEAR 1,198,662 1171,687) CASH AND C.ASH EQUIVALEN'I'S A"I' BF.GINl%lNG OF REPORTING YEAR 12.160,3811 11.988,6941 CASJI AND CASH EQUIVALTr.N'fs.4T Tr'NDOF'I'IE YF.AR 1961,7191 2,160,381) ANALYSISOF CASH AND CASH EQbJVALENTS Cash al haiik and In hand Bank overdraft 195,315 11,157,034) 364.772 (2,525,1531 TO'fAI.CASH AND LASH EQUIVALENTS 1961 719 2 160 381 The nol¢s on pages 17 to 35 form part of Ih&$e financial siaic]ttcnl%. 16
PLYMOUTH COLLEGE AND ST DUNSTAiY'S ABBP-Y SCEIOOIS CIIARITY NOTES TO THE CONSOI,IDATLD TrINANCIAI, STATTr-MP:NTS F()R'I'HI YEAR ENDED 31 AUGUST 2022 A¢tountln8 Policle5 Chttrlty liiformatio Plyinouth Cull¥Be aiid Si Dunsian s Abbey Schou15 C.harily 1% a r¢gisler¢d ¢h3rity and MPanY Iiiiiited by guargnte¢ in F.nglgnd and Walc%. Mic reg18ttted off1c¢ 18 Plynouth College, Foixl Park. Plyinouih. PL4 GRN. PIy1nouih C'.ollcge and Si l)Iin%ian s Abbcy SchnDIE (-harity meti% the dcfiniiion of a public bM¢fil entity under section 34 of FRS 102. The piiticipal objeciives of the chdrily deiail¢d in Ili¢ Ti'usl¢&8 repoit fvund on P£l8B 4 ot. thcb¢ financial laleiiienls. (bl BASiS of preparation .Iccounling PDIicic5. .1.11¢ financial 418ianc111s havc hcen prcparts4 in accordancc with Accouniing ond Rq)ortiiig by Chatiliw.. SIAtcLCnt of ftecoinimcndcd Pictice appli¢abl¢ to cliaritivs pparing their a¢¢ounis in auordaiice willi the F1ndnLiI Rei)i)rting Sidnclard dppliidblL Ill th¢ UK gNd Republic of Ireland (FR8 11121 IclcciivL 151 Jaiiuary 21)191- IChaYiti&8 SORI) IrR8 10211 the Financial Rcp(Trrtiiig Standard applicable in the Unitd Kingdom and Republic of Ireland IFRS 1021, Ihc Conipanies Act aiid the Chdriti¢5 ALI 201 The financiLiI %tateMli arL' pirparcd in sicrling. whith is th¢ functional currency of the charity. Monetary ainounis in th finynLial siaieinillitb arL rounded tij Ilie nea$t £. Coing Concern Thc Financial Slalcinciil.4 h1( vc bccn i)rcpaTcd on a gning Concrn ba.51. Nct a&Sct at thc balance.Ihtci datc 1¥t £6,330,335 and net CUlTent l1&bililiL ill thL bulanLL shL'et clalL' w¥ £3,299.653. Al Ihe ye*i'.en(l. Ilig bank overdraft was £1.157,034, tIlE wei'e iinsilivc cash balanc otr £195,31 S Ii nd thc ILvcl t>f unr&%ll-Iclc(I [c[v 1% £5,704.833. Thc scl)ool doc% ntri liold reserves as defiiied by the Chaitty Cominission, a4 there is Signifillt investJn¢nt in the schijol buildings. Model Wc havc Inodcllcd Ihc iTnpJ¢l on Qui. pupil nuinhcr%. other of iiicoinc and OLJT cost bgsc. Wc havc lakcn a prudcnt vicw un pupil nuihbers have bdsed inLuinL iiif()ItndliLTrll fii)In Iybiuldr LntLI with parent& bEith in th¢ UK ynd OV%. Th¢ Truslcc% havc 5ti'e%% leIed Ili¢ budget foi. 21122-2023 aiid Ilie tall iii i?ui?ils that would be requiird lo de£in the charity io iiol bc a gtsing-concem was con5ida.ed to b¢ unrealistic. Lcltiiig inetsrnc lia% incTcased .8lighily 4$ wc build the coiiiinei'cial aspecis of Iwr husinc%s posi palldciric. wc h8vc sccurcd a nuinb¢r ol lioliday Llubs cind suiniiiLr uf ihl fdLililigs dnd will Lunliiiue lo luok tL) sLLurL' Lun117cis for i)th¢r laiingi bodi reIdQnt1a] aiid nOn-11denl1a1. Wc havr takcn significanl sleps to I'estruclure the leacliin8 Staffin8 C051% with 3 view la delivering the CUlTieuluin ID a sinarter and morc cfficicnr way, building on Ilit txi)uienec of i)ur %ucctkiful ho1c learniiig prD&zmTnc. Wc havc over%tdffiiib> 111 som¢ Llepariments aiid Ilie netd its Nirvainline oiherb. All indjC?I- L051 LEnlr¢g have be¥n reviLwLuI lu dLhieve bcttw comillcrcial contiacis and achiev¢ bctttr valuc for In()ncy. Durinb> Ili¢ ycar 10 31 August 2022, the scliool operated under a bank overdraft. Posi IhL sale vf the Millfieldg, which coiiipILlcd un 3111kn Septeiiikr 2022, the sLhool is iivw opergliiig iii credil and no longer lia% an overdrall liiiiliiy. Th¢ Lash flow frorLus1 dciMoii%li'aics Ihc 8cliool will npcratc wiiliiii cr¢dii foi. the Ini-&qeeable futUTC but may ton.sidcr arraiiging a facility during Ilie 2022Q023 accounting year. External factl)T% sudi 8.% th¢ global ¢n¢rgy Crisis and i-¢sultsnt Ill¢l'Cf1%C ID cosl 10 Ihc School of uiilily chargc5 do prlwt oiigciiiig ihalleliT¢S Ilial iiiay ¢dsl clLTrubi un thL Lhai-ily y dbility tv Luiilinue as 3 bTOIII8 cullLem. dnd therefore its. ability to Ii%c 119 asscl% and dischargc its liabilTliL% in Ihc nDnnal enurw of bu%in&$.%. I lthwLvcr. Ihc chi1rity 18 pulling ttsgthher a pIDb>i'aininL of improveiiients witli pall17¥r focub on eiiersy ctTi¢iLiicy, in an cftort LO 1]U¢L our cosi4. Thw¢fvr¢. 4% tal- db POS5ible. the charity is takiiig steps NQW to mitigalt against tlie Inany challcnges and &&wcialed risks thai it will facc ovcr Ihc next few yeais. As J result, tlie'riuflees believe Ili£il tlie charilv reinain8 a gning cniicern.
PLYMOUTII COLLEGE AND ST DUNSI'AN'S ABBEY SCHOOLS CHARITY NO'I'ES'IO'I'II& CONSOLIDATED FINANCIAL STATEMENTS FOR TIIE YEAR ENDED 31 AUGUST 2022 ICONTJNULDI Id) Group ¥ccovMtS Dun¥lan's Abbey S¢hoDI Tiust Hnd th¢ ti?ding subsid1aiy. Plyinouih Coll¢gL Eiilapri%c% Liimilcd oli a IiiiL by liiic. bclSj.%. exLinpiioii alloriled by Ihe Coii?paiiies Aci 2006 diid Lht aiai-lty SORI) I?011)l- The pairni COlMPdny s net iiiwini tor Ilie yell. was £758.123 12021 £506.6331. riis 102 allows qualilying 1]11&5 e¢rtsiin disclosui¥ ¢xciiiplion%.-Ih¢ chrity, only, ha5 taken Ddvanlage of th¢ ex¢TllPliOlits for lh¢ tollvwiiig disclosuiE r¢quir¢in¢Dt'. Se¢livn 7 'SlaineI i)f Cash Flow5 di5cIo4uiEs. pre¥¢ntaiton of an eniity only Siaieinenl of Casli Floiv and Telaie(I nor and Fuiid accounting General resourceq Jre unresii'icted fuiids which al'e al'allble toy use at the dis¢tetion of Ihc Tru4cc in rhL furthcrniicc ot Ihc enerol objeLliV¢S of the chdriiy ¥iiJ wliityli havr not biLn cli.4igiiaiL%I loi- uihei- purpuses. D¢sigJnaied Funds are ainou1115 Iliat have beeIi >¥t aSiL]v ai the digcreiion of Ihe Trustee tor a specifi¢ bui noi l¢g4lly binding R¢striuied lunds air funils, which are foi. a specilic puii)o.se, aiiil incoine iomprists gitls, legacie5 and w11th tliere is nu capital rctcniion oblioaiion or powci. bui only Ii'usi I&w Yislriclion 10 soimb spccitic purwsL inicndcd by the clonni.. dowincnt funds are fund% whcrc thc capital Inusi bL I'Liaincd in occrdanCe iviih the doiiof s wishes. Liihts i?ynnancnt OT enduwineiil dnd the iiicome, lu¥eihgr with Ilie Lupiiul where it 14 thL di)nor s wish. (listributcd for Ihc staled puipose ot. the fund. lJi¢ome Ineasured reliably. Fee% ILceivable, chaiges f()1' sLrvicth and usc ot PTalllSCq IILLounicd loi. In rhc pciiod in which IliL %LfvicL is provided. F¢¢b iYi¢ivabl¢ al'e &iai¢d alter dixluLtin¥ allowdniLS. %L'htilar%liip% diid oiliLI' ILillik%l()Iib ¥raiiieJ by tliL school. Don8tions UTe reLxignis<xl in the yeai. in whicli lh¥ Lhdrily 1% enliild Iv r<eipl, it IS LLTrTrsicl¥rL'd PTobablL Ihdl IhLy will be rcccivcd and thc iliiiount Lc1n be Irea%ured i-Lli?L l)ly. D()r)dlii)i)S FeeLivciI for th¢ gLncral purp(i%ts (?t' Ilic chiirily drL iiicludLd as uniysiricid funds. DonJEions reLeivLd lor aciivJllLS fc%iricied by the wislies of Ihe doiior aiE inLlu(led fjq ItsiriLied tunds. Dunaiions re4uired ro be relainLd capilal iii aLLordancL wilh tliL donor s wislies are accuunled for a5 elidowlnls pciinancnt or cxpcndablL ac¢ording lo the natUTC t>t th¢ rc4tiictinn L£gacies art included wheii it i> pri)babl¢ that a pY¢llt will he inddL' ur pi-upeity trJii%feii'ed Ilidl th¢ s¢hwl is entitled iu aiid Ihc drnount Dr valuc can bc i"cliably iheasuird. Igl b.xpcnditure All rxpcndilure Is a£counlc(I toi. on an accrual% b¥tsis and lia.s beeii cla%sitiL%l uiidu. he2ding.s thai ag¥rtgate dll COS15 reldied 10 the caiegory. Wh¢r¢ co%is caiinvt be dir¢¢ily atii'ibui¢d to partiwlar headiiigs. Ihey hgv¢ apportion¢d ac¢oi'ding to pupil nUIllrS. Suppoirt Lusts al'e Iho%e LUS1% inLuri'ed clireLily ii) suppoi-i trf expeiidiluie on IhL vbjL*Is ol. Ilie Lhai-ity. GuveriidnLe LUs1s are Ih05c incurr¢d iii ¢Dnncclian with admini%l17tion ot thc cliarity and compli¢incc ivith %tatutDry rcquiiriii&it¥ IILi4uiiduncy cn%ls are TLPlrted when the Schonl is dLmvnslrably cuiiiinitted InLU1]ig subh Costs. 18
PLYMOU'I'H COLLEGE AND S'I. DUNSI"AN'S ABBE4 Y SCI4OOLS CHARITY NOTESTO THE CONSOLIDATF,D Tr'INANLIAL s'fATTr:MLNTS foR'I'HE YEAR ENDED31 AUGUST 2022 ICONI'INUIDI Ihl Intangible fixed a58ets AIi)Ol'll4JLinn is priivided to wrilL oft the ¢osi of'ilie'u%agc awc]mcnt- of Ilic all-wcathcr hoLkcy pitch al UCP Si Mark & St Joh11 Qvcr Ihc lfflgih of Ihc agrccm¢nt (30 ytaTS). Tongiljle flxEd #5seis and depi'eclatio Tangible fixed assets aT¢ initially TetoBniseil ai Lu81. and then subsequeiiily rccoided ai cost leks accuinulata dq)rcciation. Dcprcciation is provid&1 to write off the cost, less esiimated iIdUal vglue%. of 311 fixLxl d5s¥1S tsv¢r rli¢ir expected useful live5. 1115 lCUlated at Ili¢ fullu¥ving rales.. Freeliold Pr()ptrly FIEehol(I Pix)p¢rty linplvernt1iI5 Coiiipuicr F.quipircnt FIX Pldnt Molni" Vchi¢lcs Fixluiys, Fiitings and Equipinent 20Q/o rducinLT balance SO/ reducing l)alance 250/h reduciiig b8lfjnc¢ 20QA iYdvLing balance and IOO/o Straight linc Individual iteins under £1,000 are not capiialised u111S pait uf a laTgeT projeci Dr capiial ii¢ir. Thc Millti¢lds le ¢ompleiLd posi year-end on 3(Y Seplember 2022 dnd Chiiitie & Co undertuuk a new valuation uf the land and builclings dl Ford Pai-k and Dclgdlly in Naveinher 2022. Miis shown that Ili¢ inai'kei valuc of Ihc sil¢ I'ango% from £8.530,000 ba%ul on vacant wsscssion 10 £9.500.000 a% a fully equipped operational tity, having regard to irddill¥ pvltnliul. The Ti-uiiees have Lonsi<l¢red Ilie (irehold land diid biiilclin85 and b¢licvL Ihdl tl?e residual is such Ihgt any depi'ecialion would be iinn3aterial. scd on thi.%, tha-c 1% no d¢pre£iaiion cliaTgc for Ihc ycaT cndcd.11 Aubtust 2022. Freeliold laiid and l)uildings impaired il-llia-e arr incliLdliiJns Ihai the cairyytng value excas Iheii. recovernhle arnounl. Any imi)a111ncnl In their va1uc i.s takcn thTough tht SttteJn1 of Finiicii< I Position. On disposal of land and building5. a gaill or1055 1$ I'eponed. being the diffeirnce ttWeen the pruce¢ds and 111¥ Carrying value ofthe asset. Expendiiure on school equipinenl is charged to th¢ Tev¢nu¢ 4¢LU)uiit as th¢ exp¢ is incuTred. ui Jnvr5tment$ Listcd invLtslinCnt% arc caiyicd t their ii)id-Ina1'kci valuc al the hDlancc shccl dotc. Reall.d gains and on invcstments ar¢ calculated as th¢ diffcrenc¢ b¢twceii s$1¢ proceeds and indi'ket vulue dl tlie start i)f Ihe yedi- LTrr subsequent and are Lrediied or ¢l?ai'g¢d Ilie slal¢iii¢ni Dt'tiiiaii¢ial aclivili&8 in Ihc year ntr di.sposal. Ullrcdlicd gains and Io%c% Tcprtstnt Ilit 1novcincni ill ihe rnarket values during the year and credited or charged 10 the stai&neni of financial aciiviites bascd on Ihe market value al Ihc ycar-rnd. Unlisted inv#%linertis are held Jt cwt. Ik) Penslon ¢05ts Dui'ing lh¢ ycar, the S¢hanl i)aiti¢ii)a¢(xl in a Inulti-C4nplnycr dcfincd contribulian pen8ion $eheine fnr iLs tLxtchiiig %taff adirinisicrcd by Ai'iva IAPTISI. Th¢ standard contributions air 15/Tr ¢inploy¢r gnd 50/0 #[nplvy. dlthvuLTh %iaff Ldn opt to IiILr¢8qe tlieii. coniribulions or r¢dvc¢ Iheir empl(>yer conlribiitions and irceive as 3ddilioiial salary. MIL SLhvol alw contribu1 to 8 defind conli'ibution 8LlitunL f()r iiun-ltraching with *rployer ¢oniribution% ai 70/0 ofbasie pay4 4ind iiow ha% an aulO-¢niDlineiii scli¢in¢ wli¢re il con11'ibutos 3 /p ilt'i)ay. The i)eii%ion cosi foi. tliese schdnes is I'eco8ni4ed as il bec0i11<5 Pciyable. LeAsed Assets Renials applicablc ro 0rating I8¢5 whcrc SublantIalLY all of the Sk5 and rewdrds uf vwnership remain with Ihe lessor are Im) AdvAiice Fees S¢lieme iL' charily parcnis the opportunity 10 pay boardiiig luition f$ iii advgnce in accordance a iNYitten coniract. Quoiaiions are gbiv¢n basLxl on ali diinual in¢re3se in L&Lh year. This is Irealed as d¥(TLd iiiwni¥ until thc pupil join% the scliool whurlpOn thc fces for cach %¢liwl Icnn are cliarg(l ag81llSt thc Tcinaiiiing halance and takcn to incomc. All amounts 19
PLYMOUTH COLLECE AND ST DUNSTAN'S ABBEY 8CHOOL,S CHARJTY
NOTES TO THE COIYSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDI=J) 31 AUC.US'I' 2022
{CONI-INUCDI
included in ardiiors splii bWee17 amounis talling du£ wiiliin uiie year aiid ainouiir% fJllin¥ due dfter rnore rh4n onc yir.
In)
FinanciRI Instrun)eJJts
Thc gr()up lias elected lo apply Ihe piuvi%iiJi% ol'SeLiion I I 'BdSiC Fiiidncial 11isti.uin7(S and Seciiort 12 '0thq- Finaiicial
In%tswmenL% of FRS 102 to all ot. 11$ tinaiicial In%iruiiithr%.
Financial Jnd liahiliiiJ air Dttqci, wiihiii Ihe nct aiii()un15 P1-ellIed in th¢ finanuial sl8ieinenls. wh¢n Ih¢rt is a legially
¢nfiir¢¢9blt riglii 10 sci off Ihc Nyogniscd aiiiourtt% aiid intents citlia. 10 sciilc on a nL'I ha.51 nr 10 reali.qe Ihe d55cI and seiile Ihe
Finan¥ial Assets
Basic Iinancial a55c15 which include trade and other iyceivablis and ¢as1i and baiik balances iiiilially ir¢ogni8ed ai
trdnsaction pricc iiicluding Iitnsdbiion co%is Jncl are subsUcT]Y ¢arri&l at ainoiliscd usiiig Ihc LIYeLtive intLre81 iiieiliod,
rcccipis (liscounied ai a IllJTkct TdlL Ot'interost.
al a IMaA
PI,YMOUTH COLLEGE AND ST DUNSTAN'S ABBEY SCHOOLS CHARITY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ICONTINUEDI School Fees 2022 2021 Fees receivable Lonsi510f.. GI$ Fees 9,186,236 9.(fj4,626 Le&$ Fee ReiDissions 1 884 183 7 $02 n53 2.235,5771 7.42¢}.a49 Ilncluded in lee rein110ns £nil12021..£73.4151 of C.ovid-19 fcc di.%Eounil. Other Income Ancillary Infome 2022 2021 Uiiresiricted Funds.. Schwl iiieals ieceiptg Rrgislration fees Spccial neals in¢oine GovLrnin6ni furlvugh s¢h¢ine OIlic1- InCOIIIC Exa1111llation incoin¢ Ixam to Swiin TrALh. trait)iiig 380,441 2O,0.19 6,072 307,702 11.494 2,442 8¥,213 291,317 62.523 13,601 2,230 310,084 60,493 21,550 798,679 779,522 b) Donations IRcoJiie 2(J22 2021 Re4lricted donation-. Buisary Fund C.CFA Grani ML)riiin¢r b JLvLllers Oihcr donations 3,420 10.000 10,000 6,697 16,697 28,140 Inv$tnJ¢rtt Ineome 2022 2021 4,255 32 4.287 InlciThst rccciv 12 12 All invesiinent incoine in boih cutyeni and prior yeai. is unirstrictd. 21
PLYMOUTH COLLEGE AND ST DUTrISTAN'S ABBEY SCHOULS CHARITY NO'fLs'i'o THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 {CONTINULDI Anxly$is of bxptndÈturt la) F.Jpenditui'¢: 2U22 Staff Coils OihLY Diieci Cosis DLyFccialion &. 2022 Exyendlture on Ch%rStible Aeilvliles: 'rcaching Welfare Piriiiise5 Suppnit costs GOV"ttee ¢us1S inllncc costs 3,756,157 260.629 562. lu? 560.(110 -IS1.372 788,106 733,330 445.111 152,425 6.148 4,289,954 1,(I54.11&3 1,295,4.12 3.8S6 111.1,581 265,086 26i.086 5,139,498 2,717.285 162,459 8,019242 Other Expenditure.. Cost of raisiiig funds 576 570 Trading leltings 40,036 46,0.10 'I'otAI Lxpellditure 5.1.It),498 2,763.¥97 162,459 8 065 854 2021 Staff Cusis Otlicr Dirtil Cubi Dcpi'cciic tion & Ainoiiisation 2021 ExpeDdÈture Charltable A¢tlvliles'. TLaLhing 3.785.17. 276,058 574.942 548.228 273.3(JO 706.954 711,803 470.284 1.33 C)88 186,844 435,774 95,861 7,518 4,154,414 990,510 1,286,745 ,023,890 133.988 186,844 435,774 Pr¢iiiiscs SUpri cosis Covciiiancc cosi% Fiiiance costs Impaii-IllLnl uii Property 5,37 5,1,%4,4Ql 108.757 8,212,195 Otlier Expejjdliure: Co%1 ot'raising fuiid% 625 625 15,967 Totttl E¥ponditure 5.184,401 2.935,62() la8.757 &228,787 Anlllysl5 Ot. Support Costs 2022 Eduuational Oyeraiiuii M&d(eting Total 2022 Siaff ¢o%ts FinanLe and adminislrgliuii R¢dundanry 388.557 257.3(11 38.364 3,886 133,689 1¥8,449 S22,246 445,810 .18.364 -1,886 I'otal Siipport eost$ 688.168 322,135 11110,106 22
PLYMOLTTH COLLEGE AND ST DUNSTIIN'S ABBEY SCHOOLS CEIARITY NOTES TO THE CONSOLIDATED FINANCIALSTATEMENTS FOR THE YEAR ENI)&;D 31 AUGUST 2022 ICONTINUEDI 2021 Edueational Opwaiions Mark¢ting Total 2021 Staff Costs FinanLL aiid a(linini8traiion Ilcdundancy Deprguialiun 402,736 127.-17(? 33,630 5,378 514,598 470,284 33.630 SJ78 142.908 Total Support ¢05ts 769.120 254 770 1 02J 890 Ibl Net incomelexpenditure is st8tcd after: 2022 2021 Iiiipaiiincnt oll Property Depir¢i¥tion of lanxible fix asts$.. Ainorltsntinn of Tntangiblc fixcLI assths 017L IL-d5¢S Inlcir51 payabl¢ on bank overdraft nlei'est Paycible on bank loans Audilvi% iyiiiuiieiaiioii lor dudil ofannual fiiiancial 1atcM¢tttS Other pi'i)fe%8ional scp¥icc5 froni •ffiliat¢s of audit firm.. l ax coiiiplifjnce $'v1¢< Other nun-audil seiyiceb Bad deb15 435.774 147.4Sg 15,000 68,466 61,Z20 21,918 41,550 I 5,000 63,288 86,887 26,167 -19,0 2,000 4,884 16&033 2,214 984 10.879 Th¢ above costs inLlucle Irrecoverable V AT, wher¢ r¢l¢van¢ A full review of fee debiors was ¢aii'i¢d out dui'in¥ th¥ r and a dL¥ision wd¥ tak¢ii by the Trustees lo write off all histori¢ debi wli¢iE IheT£ Wffjlx DI) Pl?E5ibility (il'c7htaiiiing S111711 cluc lo Ihc asc of thc dolitor. During the ytrar, a suin ot £124,321 was cvllcuied froi)I tee debtors Ilial r¢18ted to 2020121 and pftor. Seven Trusl#es wgre reimbursed a ioial of £992 for expenses12021- Six Trustees £1,953 tor ¢xprnstsl. No oiliei Trustee or person connected with Iheiii reLeived any Irtnuneralion ui. oih¥' benefit duriii&? the year ex¢¢pt f(IF thos¢ li51ccl in Note ?2. lel Employer payroll costs (Sthool #nd Croup) 2022 2021 Wagcs and sala1.les Social s¢Luriiy 1051 PC01 contribution Oihcr allowanccs and costs Redundancy 4,071 J48 -399,044 42O,6ri.I 210,IS8 4,164.468 391,498 430.289 125,676 72,470 5.1 ¥4,401 5 IJ9 498 Of Ihc rcduTrdancy ¢osi% £iiil was included in credilniT or aceruRlf al the yeaT-cnd12021 £9,294). or IhL oiliei. allowanurs and cosls is g pix)vi%ion utr £85,0ffl tor backdatcd holiday pay 98 a reqult of the Supirme c.ourt ruling nn part yT workcrs in lh¢ Harpur Trust v BraT£I case. The nutnha. (>f ¢mployt£s whose groE% salaiic% Binountcd to £60.0{ oi. ov¢r in Ihc yr was as follows.. 2022 2021 £60,000- £70,000 £711,1100- £80,0110 £80.000- £90,000 £1 I D,(100- £120,000 Mie total einploy&' coniribuiions in the y¢8T ti)wurds pgnsion scheine wntribution4 for the Jbuve 612021.. 4} Slaft. Ineiiibers were £49,20612021.. £42,334). 23
PLYMOUTH COLLEGE AND ST DUNSTAN'S ABBEY SCHOOLS CHARLTY IYOTES TO THE CONSOLIDATED FIN'ANCIAL STATEPwlENTS FOR THE YEAR E,YDED JI AUCUST 2022 ICON'I'INULD) I'h¢ kcy Mnage1)i¢ll1 p¢rYiniicl ot. Ihc Sbhool Ihc (irouii are dL%ailed in Ihe Ti'usiev Rcport. Tlie iuial einuluni¢ni% for tli¢%¢ p¥rsonnel iii the ytar. in¢ludii)g einp1i)Yts Nl and nSIOn LLbllll-ihutions. was £520,553 1?021-. £419.1)5?1. The aV.ag¢ t)uTmber of einployS ot'ihe School and the Group analy%¢d by fviicrion was.. 2022 2U21 Charity". Tea¥lIing.IafT '[ Cching fupi)ort staff Pi-eiiiibts st&ff W¥lfai'c 8iatl' Support staff 66 27 211 12 74 35 33 152 172 11 must hc IiDtcd that in Ihc ycar endcd 31" August 2022 there ivtre a lar¥c nuiiiber ot. V<icancie% being advcrtiscd Ilt The school iii Ihe MuinlLndnLe. Admiiii%trdLioll diid Doinesii¢ Sirvice% deparimvnis. Intangible Flxed Assets 'I'he 201 l Asiro-furfagi'eeii)¢ni willi UIiivei'5iiy Collc¥g Plyinuuih Si MllA( & Si Johb) foi. £300,000 10 be placed iii tscrow a¢¢ouni drawn dowii £15.000 per aiiiium for IliL tii%i 15 yc&ii and L5,OVII pcr annuin for Ilie fftnaining 15 ytsrs lo I'efleil Ili¢ usage ofihe pitLh. As ai 31 August 2022 lh¢ value was £150,00012021.. £165,0001. Tanglble Flxed Assets Gro Freth()Id LlTrdci' Constructioii Fixturc% Fiiting% Jnd Mntor Vchiclcs Groui) 'I'o¢al Iiiiproveinenrs Cost Ai I Suptember 2021 Additions DispOsLTraIl5rer 9.248,728 66.460 1,253 ?56 40,783 (15.9631 l i2,559 10.675,298 107,243 141,1191 Ai 31 Augus12022 9,315,188 21),755 1,278,076 125,4U3 10,739,422 Depreclation At I Seplemh¢r 21121 ChdT¥e tur the Y¢g1' Elimiiidlrd LTrli Di5W5al AI 31 Au8Us12022 401,524 116.306 115.8661 501,964 117,295 10,1134 126,0391 101,290 518,819 147,459 141.9051 024J73 Net Bk V*lue Ai 31 August 2022 Ai 31 August 2021 9,294,069 9,?48,728 20,755 211,755 776.112 851,732 24.113 35,264 10,115,049 10,156,479 The hisioi'ical Losi qulvdlenr ofihe trtthold pi'operiy 15 £9,820,042 12021.. £9,820,0421. Charlt FIEehuld Proijci-ly & 1inprov¢mtS Asseis Un(Ivr Cnll%truciiun Fixrurcs Moinr VLhiLlgs Charity Equipiiient Cosl Ai I Scprember 2021 20.755 1.253,256 40,783 91,2¥(J 2,376,006 107,2l3 132,6741 2 450 575 (.460 l)ispo8aifi'ransf Ar 31 August 2022 1.077.175 2U,755 1,278.076 74,569 Depreciation Al I septnber 2021 401,524 72,148 47.1,672 ChJrg¢ foi. thc Y(7r Eliinin4i¢J on Disposal Al J l Augusi 2022 116,306 115,8661 501,964 6,148 14.3,573 132,048 58S197 62.113 Net Book V¥lue Ai 31 August 2022 At 31 August 2021 1,056,055 20,755 2U.755 776.112 851,732 12.455 865,-378 90Z,334 24
PLYMOUTII COLLEGE AND &>'l' DUNSTAN'S AIIBf4Y SCIIOOLS CFIARITY NOTES TO T[1 CONSOI.IDATF.D FINANCIAI. STA'I'IMLNTS FOR TIIF.YF.AR LNDED 31 AUGUST 2022 ICQNTINUEDI ThL Croui) lias electLd, in accorclance willi s110 35.IOldl Of FR$102 10 u%e th¢ ca1Yyiiig value of any of thc above assets previously can'icd at valuatinn. as Ihcir deerncd co%1. Thc ainount r¢poiled for Ilie Millticlds &Tlc iva$ bas1 Dii an 'cxisiing usc. vglu4tion carritd out irt Scptthnbcr 2018 and following thc dL¥ision by the Trusieei 10 move ihe Pirp School lo tlil SinioT School silv al Ford Pai'k. froin S¢piernber 2021, the i?rupLrly placed oil Ilie markci with 8avill ai a TecninrnLYidcd .alc5 value (Jf £2.950.000. Th14 rcsultcd in 2n iinpi1ll'incnt 21 djusttncnt of £2.500,ono flir thL yedr ended 31 August 2021. Subgequent io tlie yvar ended 31 August 2022, the %al¢ ()l-Milllield% Lomplet¢xl oli Ilie 30 Sq)teinb- 2022 for a sale price ot £1 Inillioii. nve5tTnent5 Unrcslitct¢d Endowmcnt TotAI 2022 Total 2021 IA) GIllp.. RalancL dl I SLplcmbcr 2f)21 Addition (Net of ittanageineni feel Disposals 92.024 10,000 1102,0241 92,024 io,00 1102,0241 349,165 i 0,000 1267,1411 Rii lancc ot 31 August 2a22 92,024 l.isted an the Stock Exchangc Casli depusils VJ2,024 Thc historical cost of the listed invesimelli8 is £nil12021.. £nill. Group Undertgkings, bin2nci21 Result5 IA) Plymouih College'l'ru$t 'I'hc ci)n%ol1dttt1 rxi%ilI rqxirted in the%c fin*iici<l1 %ial¢mcnL8 includes Plyinouih C.ollcgc ITu%I. rcgi%lcrcd charity nuill1r 306949. which was creaied pyioi. 10 the merga. with Si Diin$tn s Abbcy School in 2004 to hold ilie ass¢ts prviously owiied by Plyinouili College.'I lie tilléii¢ig1 re%ulis toi. tlie Tlust aic shown bclow.. 2022 2021 4,255 4,255 C'harii(7hle expeiidiriiie Donations to Plwiiouih c.ollege artd Si Dunsian % Abbcy Schaols Charity Gvv¢riiance costs F'inaiice Co%ls (4QS,657) {3.IlJO) {4.255) 13,100) (601 Net Ilossesllgains on iiiv¢stinciits 16,8591 47,060 Net ItxpcndilurtllincoTllC for thc ytrdr 415816 43.9 The doii4?iions 10 Plyinouih Colleg¢ and Si Dunsian s Abb¢y Sehools Chai'ity of £405.65712021.. £4,255} are elimindted un consolidation. 25
PLYMOUI'II COLLECE AND ST DuNsfAN?S ABBEY SCIIOOLS CIIARI'I'Y NOTF.S TO TIIF. CONSOLIDATF.D FINANCIAL STATEIENTs FOR THE YEAR ENDED 31 AUCUST 2022 ICONTIliUED} 2022 2021 The abS¢l$ of Plyinouih ('ollL'gc Trust wLrc'. Tangible fixed as.sets 5,288.01.1 5.288.013 92,124 2,851,288 Currcni Asscig 2,5.14,587 Crai10Is- falliiig due wiihin one y¢ai' Crcdiiors- tallift dul filicr on¢ ycar 165.6781 1158,5871 {1,595.504) 11.5L)5,5041 Net #sse$ 061.518 6,477.334 {•) PIyEnouth Collexe EiiterpYi5es Limited Pl)qnouth C.oll¢gc Enicipriv Limiied. rcgisierd coinpany nuinbLr 03911069, is & wh(Illy owiied $ul?%idiaiy l)lyniouih College Trust. Th¢ Iradiiig r¢sJlis of (he coiiipany fvi. Ihe yeai. as exiraLied fr01n IhL audited finaiiciJl.4lal¢meiiis air suin1narised below.. 2022 R¢siat¢d 2021 Turnov CDSt of'%ale GIusN profil AdmiIiisiraiive expenses Protil oft dtbi)osal Df li.Ked a%ts 84,905 70,792 38,809 158,SVOI 412 119,2191 54,825 242 .846 Taxation tijft p4yincri L055 for Ihc ycar 1.846 Th¢ findnLial stdt¢mentS tor tli¢ yal. ¢nded 31 Augusr 2022 idcnitfied Ihai Ihe4E was an uiiderstat¢Theiii of revenu¢ aiid d¢bior5 in thc prior y¢ar ot 12.828. A% a result nf thi8, tlie Ii)%s foi. tlie year wab oversiaied. Prolilq will b¢ gifted ru ilie Trusi in *tre years uiid¥4' the gift aiÉl prLTrvigiuns. The fjwis of Plyinouih Colleg¢ EIiierprises Liinii¢d were.. 2022 Rcsiaied 2a21 Tangible fixed asseLS Currcnl assets I 1,657 66,881 78,538 91,-506 IU7,638 133.8821 11,woi Crcditor.% amounts hlling due within on¢ yeaT Dderred Idxaiion 11,0001 53,537 RuyrL%cntlll8'. Sharc iapital PIDfii and loss accouni loo 100 72,65C) 72,75() 26
PI,YMOUTH COLLEGE Af4D ST DUTriST AN'S ABBEY SCHOOLS CHARITY
NO'I'E.S TO THECONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
ICONTINUEDI
Ib) St DuThstaD's Abbey Sebool Tvust
Thc con40lidatd po%itioii reported in these f111an¢i31 sldlLiiienls inLludes Si Dunstan 8 Abbey School Tiusl, regi51eral charity
iiuinhd. 306736, wliiLh WdS crc#le
PLYMOUTH COLLEGE AND ST DUNSTAIY'S ABBEY SCHOOLS CHARITY NOT&S TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUCUST 2022 ICON-I'INUTr'.DI Creditors: AmouL)ts flling dwe l'ter more than one yeRr Group Chariry 2022 2021 2022 2021 OPM loan - un%ecui"cd Loan.. St Dunsian s Abbw School Trust Bank loaiis IscLuredl1see note 121 Bank lon% lunsccui"edl1siL' IiOIL 121 Fees r&eived in advance 50,000 50,000 471,4U3 356,228 5(lil.C)28 351228 37,500 151.540 239,040 37,5(M) 151,540 681).()08 200,333 634061 200.63.3 1055,464 12. Bank LoatL Thc School has ILWll facilities. seLured and unsecured as follows.. Group 2022 2021 2022 2021 Due within ont yeBY DUL within 1-2 years DUL withiii 2-5 y¢ars Due after 5 YrS iio,.sgi 112,286 271,442 565.802 i 0,000 27,500 110.591 112,286 271,442 565.802 10,000 27.500 603,302 494,319 603,302 Thc unsccurcd blk loan related 10 the Bounce Balk loan% Ihal Ihc (iovcrnineni is%u¢d dui'iiig (lie Covid-ll) pandriniL dnd is repdyable OVLY 5 years. ie bank bottowing is.turEd by y charg¢ oi'¢i' rh¢ tY¢Lholil piDrtY of IhL GrTrup iii tavoui. ot- Ll()yd$ Raiik. 'I'lie ag¥re¥iile ot- secre liabiliiies Ibaiik Iudiis Hiicl uvcrdrdfil is £1,613.853. Al Ihe y¢ai'.end¢d 31 AubTUS1 2021. the School was iecliniLally in brcach of its loan covLnant% a Ttsult. tlic Iocin% (Iir diown as rcpayable LTrn deinand hui Ilic bank c()niiiiuc l() IrLal the loanb Liti th¢ i¢rktis oi'igyiiidlly ThE Lunsulidat¢d bank loaii originally for £760.000 is being TepAid vv¢r 15 ycars. ie loan for the freehold property, Tlie Hav¢n. was toi'£280,000 and is bLTrg rcpaid ov¢r 15 ycars. Thc rhii-d loan fi)1- £717.0, which was for vai'ious wot-k%. ret-ui'bi%hmL'iII of the scliog1'% all weaihcT pilcli, I-L0vali011S lo ThL Haveii freehold pr()p¢rty and £3(X).000 for a lon li¢eiiee For USL. Vt A&lroiuil'. Inieresl on ihcsc108ns is ai varying tixed and ib shown iii Noic 4lbl. ij. Fln&ncial lrtstrumentS Group ChHrity 2022 ?021 2022 2021 Fees Other dcliiar% Othw uinvunts due froin group undenakings 244,385 371.096 54,134 48,762 1,545,*04 1,6411,411 244,385 64,422 1,545,504 118,556 615,481 Equiiy Insii'uments Inwur¢d Ht muTk¢t value Finall¢i¢71 liubiliiies i>ie(7siiJtdrtl IlnTorÉisÉdcosi.' Bank overdratl ,157,0.14 494.319 357,705 672,110 80,841 50,000 2.812,009 2.525.153 603,302 400,365 795.318 87,702 50,OOa 4,461,841) 1,157,034 494,319 352,184 2.525,153 603.302 3y2.?21 709,1 $4 78.927 Triidc cirditors OihLr L'iYditLbl% Accruals OPM Ivon 71,543 2,746 189 4.308,757 28
PI.YMOUTH COLLEGE AND ST DUF4STAN'S ABBEY SCHOOLS CHARRI'Y NOTESTO THI CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDF.I) 11 AUGUST 2022 ICONTINUKDI 14. Il Allocgtlon of the Group's N¥t Assets 2022 21122 Nci CuiTent IA)ng- T¥Yin Fixed Asscls Tot81 Furtds Uiiresti'itted Fund5 CJciicIMI rc%crvc l)osignaied fuiids 9.700,203 13.360,3081 32,637 1635,0611 5,704,834 32,637 Re5trieled b'unds FDui)dalion J.C. Ileii'ingshaw- chemittY Gcoig¢ SiephenEoii l)avilion Ironniny donotion . Prcp School Ai)p&il fuiid Mai%ai'ci L)rivci' Fund Mortimcr'% Jewelle Buysaiy Fund CCFA Grant 178 973 10,000 178 973 10,000 564,846 946 2,495 564,846 946 2.495 3,426 10,000 10,000 10,265,049 3 ?99,6531 635061 35 21121 Nci Crrent tn8- Tenn Fixed Total Endoiytncnt Fundy 395,657 395,fi57 Unrestricled Funds General rowv¢ D¢sigiiated t'uiid5 9,453,000 {4.236,4841 42,6_17 {240.0401 4,97fi,476 42,637 Restrlcled Fund5 Fouiidalion J.C. Hui-iiigbllw- C.h¢iiii£iry Georg¢ SiepliLliWll Pavilion As11'oiioiny doriaiion- Prep School Appeal funds MaigcirL'I Driwei. Fund Mortimer's Jewellers 334 4,827 ¢)73 i u,000 3.34 4.827 973 10,fioo 564,846 946 4,12Z 564,846 946 4,122 10,413,503 14.172.645) 18 29
PLYMOUJ'H COLLEGE AND ST DUNSTAN'S ABBEY SCFIOOLS CHARITY NO'fLs TO TIIF. CONSOLIDATED FIINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 IC()liTINUEDI b) Allocation of the ChAvlry's Net Llabllities 2022 Net (.'unEnl Long- Fixed Assffls Tvtal Unr¢5tricted Fund5 Geiirral rucrve 2,015J78 11,670,225) {1,055,4041 {710..111) Resirl¢teiE Funds J.C. Hcrriiigsliaw... Cheini81ry Giorgc Sicplioison Pavilion Asiln01Y dunaiioii- Prep Sch1 178 973 Ao,ou 2,496 3,426 10,000 6&3,2381 973 10,000 2.49() -1.41() i 0.000 I l.fA3,1521 Bursaiy Fund CCFA Grani 2.015,378 11.055.4(Al 2021 'et Current Loiig- Fixed Tottsl Unresrlcled l.vnds Genvral r{erve 2,067.334 12,845.8011 1681).9681 11,46&4.15 Restricted Fund5 Founddiion J,C. Hcrringshaw- ChLllllSlry G¢oige Siephtnson PdvIITOII Astri)niimy donarioii- Prep School MDrtiiner's JcwLllcr 334 4,827 973 i 0,000 4,123 12,825,544) 4,1127 97.1 2,Q67,314 1689.968 1,448,178 15. Unrestricted Funds- Movement in the Ye&r al Group 2022 Bolan¢c ai 31 Augusr 2021 Incoine Expcndituir Tran%fc 31 August 2022 G¢neral reserve Revalua110n rkn%¢rv Dlgilat¢d funds 4.976,470 8,388,804 18,059,?44} 398.7911 5,704.874 42.()37 i,019.113 8,388,8Q4 18.05C) ?441 3¥8,7()8 5,7.17,471 2U21 Bal8nL'e at J I August 211211 RGLI Bdlaiicc at JI Augus1 2021 ExpendiluiE Gaiciml rcs¢tvc RevaludliLTrn rLserv¢ l)¢%ignalcd funds 8.285.371 18 ?21,1981 4YY,133 12,0()4,2?61 1510,0001 8.285,371 18,221,198) 12.075,0931 4,976,476 2,064,226 552,637 7,030,033 5,019113 DL*ignoted FuDds irK funcls i-epi-esenls Ilic tunds set aside hy the Trusieeg its i'rpldci Ilie endvwiiienls expeiid¢d, over a period vt 25 yeaTh, ioyalliiig£32,637 12021.- £42,637) Jo
PI.YMOUTH COLLEGE AND ST DUNSTAN'S ABIILY SCIIOOLS CIIARrrY NOTES TO THE COPISOLIDATED FINANCIAL STATEMENTS FOR TllTr. YgAR F.NDED 31 AUGUST 2022 (CONTINUED} b) Ch•ri¢y 2022 Balan¢¢ at 31 August Balancc at 31 Au¥ust 2022 Inwm¢ Expenditure Transfers 2021 General Reserve 1.468,435 8.795.631 8.037,507 710,-311 2021 Balance al 31 Auguqt 2020 Balanc¢ at 31 Augusi 2021 Incoinc Exptnditurc Transfcrs G¢Deral erve 11.975,068 8,290.fift_1 17.783,9701 1,468,435) 1lic gcncTal rtry¢ repr&sent% Ihe free fuNd.% of tliv LhJrily. Ivliich are not d18Kated for iiny p3rlicLilar purpuse. 16. Re*trlcted und5- Movemtnt in the YeAr al Group Z022 ljalance at .11 Augu%t 2022 Augus12021 Incoine Exp¢Dditure 1334) 14.fy19) J.C.. Ilcn'ingslinw- ChcTniFtry stronomy donation PIEP Schwl G¢i)i¥¢ StYhlort Pavilion Margr¢t Diriva. Fuiid AppLal Funds MDrtinicr s Jcwcllct BuTSary Fund CCFA Gi'ant 4.827 10,000 973 946 564.846 4,122 178 10,000 J73 946 564,846 2.495 3,426 (1,6271 3,426 10.0 586,048 6.6101 592.864 2021 Balancc 8131 August 2020 Ilal8n¢o at .11 AukFu¥¢ Incoine ExpenditUTe 2021 l.oundalio J.C. Herringsh4w- Clieillistry Asliviioiny don4iiion Pr¢p School Geoi'ge Stcplicnson Pavilion MaTgaTel DrivcT Fund Appedl Fuiids Mortiircr's Jcwcllci? 334 4,827 i 0,000 2,685 946 51)4.846 334 4,827 10,0 973 946 564,846 4,123 586,049 10,0 10.or 5.877) 7.589 583,638 31
PI,YMOUTkI COI.I.F,C.E AND 8.1. DUNS"IAN'S ABB.Y SCHOOLS CIIARI'I'Y NO'rLs'ro'rHF. CONSOLIDA'fED FINANCIAL S'I'ATEMENTS FOR THE YEAR ENDED 31 AUCDST 2022 (CONTINUED) b) Cbxrlty 2022 Balance al 31 Augu%1 2021 B&lance At Ineomc EXPld11ur¢ 2U22 FouiidDtion l.C. H¢Mngshaw- Chcinisiry AslrLbnoJny doiiatioii PIH) SL'liool Grge Stephcnon Pavilion MvTtiin¢Y'b JewelleiE Fluiary l-.und CCFA Grdnl 134 13341 178 Iv,000 973 Z,496 3.426 i 0.000 4.123 11,6271 3,426 10,oon 13.426 20,257 16.6101 2021 Balathee it 31 Aiigust 2021 Augu5120211 Incoine EKpe11diturL' Foiindation J.C. H.lia¥sh1W- chemi.sliy AsliDnoiny donation Prcp ScliLK>I Geoi"ge Stephenwn Pavilion Moi-liimer s JewLll¢rs 334 4.827 10,ouo 2.(185 334 4,827 10,000 10.000 15.8771 4,123 17,846 10,000 7.5891 F oundation In previous year% th¢ Fouiiilaiion office i'aiscd £7.944 ftsi- $1)LLific pillject. Tlic Inajnriiy was util1Cd iii prioi. fiiiancial y¢ais towards a iiew gyin. Duriiibb rh¢ y¢dr, lh¢ iyiiiaiiidLr LTrf IhL' fund% w¢r¢ spwil on a Ii¢w coinpuier. J.C H'1n .haw- Chemis11 In the y¢ar ¢ndud 31%1 Augu1 2015, Ihc School receivecl £5.11011 Ii'niii tli¢ kn>ldlL of Jillilc n Clai'd H¢rriii&bshaw fÉ)r Ili¥ t'uithL'I'dllLe of cheirisury siudy ai Plymouili Collegc. Purr of rh¢$c fuiids ivLrc Uliliscd 10 PUTchDsc a cup 10 hc aw¢l1-cILd dnllually for C.heTnistry.' Dui'ing Ilie year, lurilier Il¢lllS Ot'cquipinenl lor the Clie]iiisiry Ilepai'iiiici?I weTe pUrLh ynd a $111all ainouni iiow reimains.. A51Tonnin Donati 1 Scl ool 111 2016, thL Pi'ep Scli(Kil r¢ceiv¢d a £IO,O(MJ ()nation towards th¢ furthe]dnc¢ of Asironoiny ai tlie school. Thi£ has not bccn utili5¢d yd bul tollowiiig Ihe ai)poiiiiineni of Ihc n£w Hd of Ilie Prq) School, li is huped Ilial this iiioiiey will be speiii duriiig Ihe n¢xi yr in lin¢ with IhL wi$hLS ()f Ihc donoi.. hrnson Pavilioii In the prioi. ycar. rhc School rcccivcd donaiinns loialling £3?.0(>4 ioivards Ihc iiturbi8hiiicnl of lh¢ old spoi.l.s pavilioii in iiiciiiory of aluinnu% GLrg¢. StH)h¢iis011. £28,831 tsf Iliis was speiil on Ilie Irfurbishm¢ni 10 dat< dlLbn¥iidL addilivnal tuiids frDTn thc School. Dui'ing IhL ycar, Ihc Sch(TrDI ha rcccived IrI1)iSl17 liMii?I Ilic (li)nors Ici usc Ilie reinaiiicler io "l up a Lotl¢e sliop in Ihe Puviliun dnd followin¥ tlie lauiich ill 2021, soinc of this tRi)n¢y was used 10 purChe branded Ciryffee ¢ups Mortimer s Jewellers During thc yLar, Ihe SLhool spent D fuitlier £1.627 on SLI)101' Sptrris eguipinenE froin Ilie oi'iginal donaiion of £10,000 fiuin Morti[n. s Jewellas. rs Furtd Followin&Tr Ihe launLh of IliL' DevLILTrpnient Offic¢ in 2022. whosc tunblioii 1% to ¢Dg¢ndcr a lifclong IntLrcEt iii tlic tvluir (Ind hcalth ot. the scliool tlir()ugli pl I'IILlI)aiion in eveiiis. dcLess iu woll( opportunities fur prlbent and fvriii¢r pupils. and 10 secure tinancial doiiatioiis and ILgaLiLs where appropi'iaiL. oppvITunily 10 don2i te part or all of Ilieir child's d¢po4it lo Ihe Buibary Fund, ¥vlii¢h will fo¢u on supporting li)cJl childiLIi whiKK paThis would n()t nonnally be able lo fiiiaiice %chool fee%. As #131 August 2022. £3.426 was duiiliied tu Ili¥ Fund. CCFA Grani During Ihc ycar, the Schthnl [LcivCd a £ l O,ODO C0111bincd CaclLI Forcl 8rani trotn the C.CFA'b Cuniin8¥nl Giuwtli Funcl towards illaiiiienaiiLe projects suLh as replaLiiiLJ th¢ ¢uTh¢iii boilcr an(I for upgi?din(T doors. windows aii(l (yiher tacilitic in Ihc CCF Dcpdrttncnt. 32
PLYMOUTH COLLEGE Af4D ST DUNST AN'S ABBEY SCHOOLS CHARITY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED31 AUGUST 2022
{CON'I'INUED)
17.
Endo)ved Ftsnds- Movement In the Year
Cvroup
2022
Balancc at 31
August 2021
Incoincl
EXndI1Ure
Invesiinent Balance at 31
loss¢sliransf¢i
August 2022
Plwnoutli C.ollLg¢ EduLaliun Priee
Scholarship Fund
395,657
(395.657)
Endoived Funds- Croup
3Y5,C?57
395.6571
Thc Expendabl¢ Endent lias been paid &cross as cl donaiion to Plymouth College aiid Si DUn5n s Abbey Schools Chariiy
s a coiilribulioii towards the relocation cost5 Ot Ilie Prep Schwl lo Ilie Ford Park site.
2021
Balance at 31
Augus12020
Investment
gain% and
los8&ii"ansfer
Bxlthnte #t
31 August
2021
ExpLdituEe
P1yinnuih Cnllcge Education l?I'i7£ and
S¢livldr%hip Fund
337.730
57,927
395,657
ldOwed Funds- Gj'oup
3.17.730
57.927
395,657
18.
Operatirtg Lell$e$- Group anil Charity
At 31 August 2022, thcrc wcrc outstanding coin1nitm¢nts for future Ininim111n payincnL% undcT non-callcellabl¢ op¢rnting
leases, whic'h fall due as follow$.'
2022
2021
Widiin one yEaT
Betwrrn Iwo and five years
Ovcr fivt ycars
68,952
182,tN5
110,099
35,298
183,788
19.
Contingent lJi&bilitle$
The Inu5iillio%pilalily suite was cornpleted aiid brought intv use
PLYMOUTH COLLEGE AND S'I, DUNSTAN'S ABBliY SCHOOLS CHARITY NO'I'ES TO'I'IIE CONSOLIDATED FINAN'CIAL STATEMENTS FOR THE YEAR ENDED 31 AVCUST 2D22 (CON'I'INUEDI Thc t11 hclievcs tlic p0%5ibility ot'thc baiik cxercisiiig thTrs chai'g¢ is Irmoi¢ and no pi-ovisioii ha.% been includd in the acLounig. 20. tes to the Si#rtmeiii of C#sb Flows ReLunLilialiun uf nel inLuine 10 II¢L inflow fruin upeialin¥ aLiivIIIES'. 2022 2021 Nel Iiicoille 329,517 113,644 Nun-uperalin¥ L-iSh flows elimindled.. Interc¢ rcrcivcd find iiiv¢4tiiient iiicoinc Int¢rebl paydbl¢ D¥)r¢Ligti()n cliarg¢ Ainortisalion chaiEo Iillpdii'ment Pruperty Prnfit l Dii disi?(>4ol of fixed aS.L In¢rw¢ l D¢¢i¢as¢ in (l¢btors ncreasclDccrrase in ciTdilor5 Lo5G&in on invegim¢nt% 14,2861 83.1.38 147,459 93,757 15.00(1 435,774 12421 (169,0431 149.7491 157,0601 17861 2.19,119 469,221 (3,1411 Nct cash Inflow tiorn opthmling aclivili 1 279 515 490,848 2022 2021 2,160J811 CASH AND CASH £QUIVALENfs AT KND OF THE I'EAR ANAL YSIS OTr. CA.511 ANI) C..I%H EQUIVALENTS Cash ai bank grid ill haiid Bank ovei-didfi 195,315 11,157,034) 364,772 12,525.1531 TOTAL CASH.4ND CASH EQUIVALENTS 961.719 {2,160 3811 At I £cplLYnbci" At31 Auxusl Analysls of net debt Cé%li flows Non-¢3sh 2021 2022 Cash balanccs Ovei'diafl Bank IoaA% duc In ui)dei' oiie ycar Bank loans due iii mvr¢ th4n oiiL yeai- 364,772 12.525,1531 1565.8021 137,5001 1169,4571 11,157.0341 101¢,983 34f?.?28 1346.2281 {383.7281 1307 645 1456 038 21. Penslon Schemes Duiing Ilie ye&r, the School participatix4 in a mulii-employci. detincd contribution pension s¢hLmi lor il% ILa¥hin¥ ¥taff adininislered by Aviva IAPTISI. Th¥ sldndaid wntribuii()n% are I SO/D eiiiploy¢r and 5 /0 eiiiployee alihougli siaft. cali opi 10 InCreae their conlributioi1 or reducc thcir etnplnyei. coiilrihutions aiid r¢Leiv¢ as additional salthiy. The Scliool also coiilributes lo a dclincd coiili'ibulion scheme lor iion-leaLliiiig $1£lff willi einp10y. coniribuiions at 7V/o Vt'ba5iL pay, now liL% aulO-eniDlmciil schoinc whrfe it Loiitribuie% 30/p of pay. £6.1.227 was payablc for Ihc ycai. Ciidcd 31 Augu%1 202212021.. £67,025). 01 this. £4 C)82 uul%ianding dt yL-Jr-end. ContTibulions ar¢ charged in the stdi¢tn¢ni of findn¢ial aciiviiits tli¢y acciue. Thc nsiOn cost l(Jr Ihc8c 8chcm£s is Ircogniscd as it becomes Paydble. 34
PLYMOUTH COLLEGE AND ST DVNSTAN'S ABBEY SCHOOLS CHARI'I'Y NOTES TO THE CONSOLIDATED FINANCIALSTATEMF.NTS FOR'FIII YF.AR &NDLD31 AUGUST 2022 ICI)N'TINUED} 22. RellltEd PArties -ertciin Trusieos niay liawe children at tlie %chool wliu reLeive bursarii or scholarships., these air ossessed and awrad o -.lie 5amr triTh% availabl¢ to all i)7 Irni.4. Ni) Tru51¢&s plvIded PTofes5ioiial services lo IITrc school during the year, {2021 £nill. Tlie l¢g81 authority for payment% to TFUtec8 18 a powcr in Ihc chariiy 5 govaming do¢uin¢nts'. 45 at 31 Augusi 2022. Plymouth Collcgc Tru4t owe5 £1.545,5a4 12021.. £1.545.504) 10 Plymovih College 8nd Sl Dunstgn'5 4bb¢y Schools Charity. 4r ycar-¢nd £1 61,491 12021.. £97,701 dLbiorl was uwed 10 Plyinouih Coll¢ge and Si [tdn'$ Abbey Sch(K)1s Charily. This 81 tlic ainounts nwed to Plyiiivuih College and St Dunslan s Abbey Schools Charity for th¢ L¢aiider donations and inveslinent illcoine. b} bul aliw deduclitig thc procccd% fmill Ilic of the M&G Charifvnd Dnd IlaTclays inv&8tmenLS which were Tcccived by Plymouth College and St Dunstsn 5 Abbey Schoo15 Chaiily. 4s ai .31 Augu%1 2Q22, Plymouili Cttllcgc and Sl Dunstan's Abbcy Sch(K)Is C.hariiy ow&s to St Dunstan'5 AbSw Schi)()l Tru$t £471,403 12021.. £500.928). Thib baldnL¥ l.ela1 io Ihc Iiynst¢r of Lash rev¢ived, iolallinb £500.928 on cla4in8 IhL Escruw 4c¢ouni to rlduct th¢ to111 0y{IratI ta¢ility witli l.loyds Llank l?Ic. Mil.4 balaiice 1% Tcductd by ali ainouiii of £29,525 in laiion 10 audit lees and oth. prot10naI fees scttlcd by Plymouth College and St Duiistan s Abbey Schools Chdrily on )elialt'ol-Si Dun*tdli s Abb¢y Sthcjol TruNI As ai 31 August 2022, Plyinouth College and Si Dunslan s Abbey Scliotils eliariiy owes £7,038 12021.. £63,340) lu Plyinuuih P.ollcgc EnlcrpI"1sc Liinitcd who in turn ow&% Plymouth Collcgc lId St Dun%ian's Abbcy Schools Charity £15.180 12021.. C22,638) db dt yedr-end. Other ¥roup tlieS We 1i¢harged eo%i% ioialling £48,70712021.. £48.7071 by Plymouth College and
1 t)un.slan % Abh¢y %chools C'.liariiy, and invoiced thc winc cnliiy £79,115 12021.. £63,47uI tor so'vices pravided. l)lyinDuih Collcg¢ EnteTprises donaies any taxable profiis made tach y¢ar 10 Plyniouih College and Si Dunqian 5 Abbey Schools Charity in Ilie following tinan¢ig1 year. Durtng the year. (i sum ot'£2.358 was patd to the spouse ol'ihe Head. Mr5 J Hayward, as the interiin Health and Saf<*y Officer ror Ihc ichtsol. Tha"e are iio viher IElaied party tran%acliun.s 1)i' balances tu di10e. 23. Post ShEet Event In Scplciiibci 2022. tlic tDiTha' Prei)araloiy ScliiK>I sile IDcDted al Milltields aiid held in Si Dunsran s Abbey S¢hwl Tru%1 wa% sold with a sales volue of £3 millioii. 35