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. Ch*ir 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 rils ITke Ibe Festival of Swrt noted below. Duriiig Ilic yLdf. w¢ provided i)11£ cein¢iils. suppoit and protLs$iDnal dcvclTrpmcnl for Iraclies 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-t￿ted 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 y￿ar 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 r￿￿11 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 inst￿L.￿l{ln 1% givoi in acwrd￿llce 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 pr￿U£¢ har4)y, kiiL)wlcdgcablc Lincl caring ynung lvbal coininui)ily. We liavL 85 boarde]s ivith a mix of wcll ov¢J- 20 llalivnalitics ¥vho bring with Ihthn d 17ngc ot cultui'&s which enrich￿ Ihe life ot'iheix)Ininunity. Plyniouih Collegar IS COTn111illLd to Sdfe¥uaidin¥ dnd proinoiing Ilie wellare ul. pupilb and ex￿￿5 all smff and voluntc¢rs tt) sliarc this coinmilmciit. Parcniq are given rogultr inf(mnalion Ihcir cliildirii s wcial and ilLaclLIIIIL ihrougli parent evenin¥s iii dddilii)n 10 end uf ienii Jiid yeEW rep011s. The SclioDI Inaiiiiains reguldr LUliiaLi wiih p8r¢nts and guardians throughnut lh¢ yc*r Ilir(TrLigh morL' intormal cDntaa.s aiid ti¢w¥l¢iiers. The Schvol w¢lLuii1￿ pupils fiN)m all backgrounds. To Jdimit a prospwiivc pupil WL nccd to be ￿lI￿1£d Ihai wc will bc dhlL l() cdu&ile aiid dcvclop lilt[￿her In Ihe best of Ilieir i)OlLiiiial dnd in Iinc iViLh ihe ge11￿-￿I yruii1l￿l1'iIs aLhl¢VL￿ by Ih¢ii' p¢¢rs. Enirnnce Interviews ￿ld assessirenis are undertaklii lo sati￿Y Ilic Sdiool Ilial iY)Iclliial pupils ¢(In coi)c wirli Ilic Iiacc ol- Icarnin8 aiid beiielii troin Ilie ¢(luiiilioii w pIDvid& Ail individual s eLthiLTrittiL status, bTender, rdcq i-¢ligion oi. di&?bility do iiot t()rin i)dn ot oui. asses￿llent pr11cL￿￿. Wc gre an ppDt#unity organi%aiion and citc comiiiillcd lo a workiiig ¢nvir(Miin¢iii IrL* liuill disLiiiiiin¥ilioii uii Ihe gkrth4nds (if iiilour. rale. ¢tlinicity, ieligion, sex, sexual orientation or disability. We pride oursclvcs in IM)Ili S￿1￿r dnd l)rep Khools wilh thc Icvcl Dl- ¢xp¢rti%e ￿ have iii i)roviding Speiial EduLaiional ISENI supwrt io ovLr 150 pupil%. 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 AChIL￿till¢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 gi￿dL h(Trundaiyc%. T11￿lf01￿. 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.' A*A.. 430/tt, A*B.. 66fj/￿. A*C.. 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 ￿clI0￿1 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 Inc￿￿￿1￿ 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 th￿t 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, B￿tIl, Plymouth, LoughboiDugli. Sheflield Ilalll£ In, l)urhain. Royal Hollnwdy. Souihaihpion, Ncwcasilc and F-.xct￿'. uli1veT￿itY 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 BU￿￿71e￿5 Siuclits, Bioine(liL*l 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)ap￿ning 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&I￿a Ics501is, a5 WCII i11siium¢iiial and siiigiiig conlinued with many face-to-face A signilicant liu1n￿r 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 [t￿m9 in Rugby, Ci'ickei, Neiball, Hockey and Fovtball rl￿Ul￿r1y Ilirougllo￿l 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 10 411￿ngth, 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 repr￿ented 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. I￿1n 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-1￿ckd￿wn 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, D￿ke of Ediiibur8h Aw￿71￿ 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)TM￿l fashion Ilidn liad bccn ilic casc in tlic pirvious Iwo y¢ar%. Thc IlIDni.c %ecliDn lieacled br Ilirir Lxpediiioii. ￿le Silver beilloti weie please(l io bL lu run Ili¥ IiJiiiin¥ on Daniiioor aiid be ds%essed in th r¢¢on Bc¥¢oiis uggin, ¢ami)ing throughout. Foi. Gold, w¥ d tWD tCaTllS canoL'ing on thc River Wy¢ having ivnipIL*cd IliciT practice on rliL Rivei. Ddrt. Our Ouid(Kir Discov¢rcr% Club coTiiinue5 ro be popular, aiid Ihis wa% IhL fiT%I ye&r we ext￿lded the inviraiion 10 thc P1'ep.qchool IYr5&6 32, Yr7&8 - 30, Yr9&10 - 13, Yrl l-u6 231. -1lie%e ruli on vai-luu% EVLIiili85 Iliiou¥livui IliL week uiiiil 19.30, during wliiLh w¢ providcd a rangL of aciiviiirs includiiig climbing, Inountain hiking, gliyll ￿Tal￿bling. bush￿'￿tr. night wt)Iki, oriLTriceriiig) w&isLlli51g Ind p4ddlirTr¥. The last w¢ck of the 5uiiimcr tcnii i% Ihc School-s Aciiviiy Week for Yeiil% 7-10 and Lower SiKth. Building on the %UCCL'S% Ot. Ihc previous y¢ar. we contiiiu¢d Ili¢ fonnai ()( fuui'.(lay re5idtllllii1 visits. Yr. 7 weIii EL) BF Ad%'eiiiiiiE in Corr)wall. Yr. 8 i¥eIii 10 Mciidip Aeriviiy C.cnlre in Mwidii) wc Yan Ilic Yi.. l) camp LxiiiDor. YF. 10 pui)Il% dcdicatc Ihc liiiie conn¢Lted with Iheii- friJdy atl¢iiiuoTri) enriL'limeiit. CCF had a nuinb¢i' of cainps. Ilie Spoit Lta(l¢rs iJii a pro￿￿7.￿1711lte including the dlly of %poit for local priinaiy schools and th¢ DolF. pupils roillpl¢l¢d Ilieii. expailioii. L.ow¢i' gixih i)upils had a blLnded ofcarrcrs, UCAS and adveiiluri)u_% 4ctivili¢%. il Numbcrs Thc %chool IDII avcragcd 558 across Ihc acadcmic year, of i¥hich 151 iverL pupil% dl Ihc Prqyai'gtory ScliiK>I 407 were ai Ilie Senioi. SL'hool. Ot this nurnb¢i', 80 were full boai'd¢rs dl tli¢ icliool iicl 8 were weekly bol£ i-ders. Coinpr¢hLYisive IrainrL'lldnLe work 1% an onguing LyLle 10 rel[￿h tliL 'e11￿.11)Pe of In&ny of our oldcr and lisied buildings. Th¢ Prep acc¢5% to a Inuch widq. rang¢ of faciliiio4 including rhe Swiirininu Pool, SciLiiLe and Lan(Tuagc LabLIralnric￿. I)e4igii Icchnology aiid fuLblprint. Health and Saf¢ty A gireal clL•l vf iiine was agaii) %peni clui-ing lh¥ year iiiaiidgiiig safely and fvllowiii¥ a successful ap￿in1]i)e1]I ds fj H&S C()nsulidlll OV Ihc suminer months in 20?2 a poni)aiieni appDinimLiil a% cl Hcalih &. Sal¢ty ()tlic¢r wafi tiiadc on l%1 ScptLYnhcr. Risk Asscssineiils lo manage any Llidnge% iii eiriu1nst￿nCt* iver¥ iunstaiitly U￿JttxI thioughoui ili¢ yLar. Th¢ Scliool foiiiially brief* all Trust¢ts on Hcolili Hulih and Safety updai¢s have bccoinc il bianding agcnda IILIH ai Jll ML'cting￿ ot. thc Full fioaril ot I'ru%lC¢%. A L()nipfLIiLn%ivc I'irc Risk A%%e%sineiil, Asb¢slos insp¢Ltiun 4iid L¢gioii¢lla assessiiieni dll pri>vidt d fuLU% fLTrI Inuinl¢nanLe issucs. 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 ¢T￿ted 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 ￿t41t￿Be 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 alTord*hl¢ for taliiilio￿. kLy financia5 pcrfonnaD¢¢ indicator% cilf r¥vi¢w&l by Ilic TrU￿tC&S al ¢acli mcciiiig and duiirtg 2022-2023, Ihcse will b¢ revicw¥d dnd fuixlicr ones idl￿tIf1¢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 reS￿￿e8. 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 b￿17 u5cd tts %CLurc Ihc hank bon￿wIng 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'U￿tC￿f to undcrtakc a gi-oup rcsiructur¢ during 2022123 financial y￿Li- and closc Plymouth College Trust and Si Duiisthn s Abl)¢y Schi)ul Trust, clear all Ihc in(l¢biulness b¢tween the I￿￿t5 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 potcniiTCP School sile having coillpleted on SepirinbLI' 21122, 11 15 111È ilileiilioii of ilie Tru%l¢¢s to uiiilci'iake Iliis Lr()up reirivciurc (lui'ing tlie 20?212023 financial ycar. A ncw 'Five Ytrdr Mainiendnee and C.£Trl)IIMI Iiiipiovcincnl Plan 1% iu be dralicDI Ic%tdhli.%hcd 18651. Thc%e sch()ol% WLI'C previously ruli by two separate Lhdi'ilies. The charities retdined Ihgii. fiLL'hold assets- the SL'liwl builJiiigs- arid weiy renaiiied.. Plyinouih College and Mdnnfjmvdd S¢hool Si Duii%ian's Abbry School bccainc PIy1nouili CollL4oc Truqi b¢Lainc Si Dunsi411'5 Abbtty Schwl Trust The compfjny has use ol'ihe assets of ththe Iwo ttusis uiider a licLiiLc agrcciiicni. The cornpaiiy has c0llsolidaiL￿ the financial staiemL'nL8 of Plynouih Collcgc Trubl Ichariiy iiumbcr 30r)949} aii(l %1 tjungiaii .% Abbcy School Trutsl (Lhariiy nuinbei. 3067361 requir¢x] hy FiiianLial R¢poiTiiig Siandaiyl IFRSI 102 'A¢couniiiio for Subsidiary Undcriakings Plytnoutli College Ti'ust Ifonii¢rly Plyiroutli C.oll¢ge MJiiJiaiiiedd SLIiLKIII hd& SLLured the boJTowings of Plymouth College and Si Dun%iJn's Abbly S¢hools C.hariiy on tri% fvclhuld piN)pcriy. St Dun%tan'.4 Abbey S¢ho()l Tru.￿1 Iforiiicrly St t)uiislan s Abbey Sclioall borro¥vLII iYion¢y froni Plymc)uth College Trust tn improve its frK'huld prupetty and build a sporLS lioll ¢ompl¢x. Plymouili Collegc Tru%1 toiTrk ll Icgal charg¢ ovLI' Ihc frteliold proiiaty ot thi5 chcl1'11y. Thc tirehold piDpcrty of this cliai'ity i)n an exisliiig ub¢ basis valued dl £5.45 iiiillioii in Septejnba. 2018 bui followiiig Ilie iKiuve i)f Ihe Prcp Sch￿1 ro Ihc FoTd l'ark 8itc dnd the deci8iDii io .%¢ll Ihiq tirLhold PTOI)Crty, the v￿luC liad bccii a(Iju*ic(I Iii ILtliYt rlic IMuirinLn(Ird v&lue uf £2.95 inilliuii. Plymuudi C()Il¢¥¢ Loinpl¢icd on Ilic sale ol'iliis prupLliy Oli th¢ 30111 SepiL4nber 2022 tor £3 Ai Ihc balanLc ￿]eLlI dlllc l>lymouili ('.ollcge 'frust ow¢s £1.545,50412020 - £1,545,504) lo Plyinouth College & St Durjsian s Abbey Scliools Cliaitiy. IiiiluLtiUli training is plDV￿ded tor all Trusre£s oti appoiniin¢ni, and further tlciiiiing is givcn Imin iiinc tn lii11c during Ihc ycar. %lKYlti&illy ar .1 Ivqtee's 'lwiliglii Tr￿lA111g bcssic)ni. All Truslees are r%istercd 4s In¢in[￿N of AGBIS dnd dble aiid enLX)urnged lu aiiLiid Itlevant cour5Cs run by that and oiheroiEanikilioni. 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% Me￿ing.￿. 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 obj*xtiVgs 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$8istant Head Acadcmic, and Assislaiil He4d Co-CuTricular & Dire£loY of Sport ar¢ Key Managament Pwsonnel I.￿ note 4 10 the acLOUtils1. All Tn&sttts giv¢ of their IllD¢ frtely and no ￿Mun￿lI10tt was paid during the yeai'exttpi legitimate ￿VeIlIng ¢xp¢nstS. The pay arid r¢inuneration of ￿nploYc(l Kry Manageinenl Iler4nnncl aTC set on apwintrrtnt 4nd r¢viewed annumlly by the Board of Govcmors. Severjl used in s&ting pgy.. Nalureof the IDIC and reg￿nsibIlitieS C,oiriKtitni' E￿lanc* In the rcojon Th¢ scctor average salary foi"rt Group and Scnior Mdn*ge&nwil'l eam4, Ihroughoul Ihc ycar. A fonnal Irvicw of ihe C.harity-8 Ri$k Managcmcnt proce55¢5 is uDd¢rtaken by the Board on an annual baqis. The Trustees hgve as%essLxI the risks to which the School 18 exposed, includtng operalional and fillnncial I'isks. In Ihc opinion of the Trusle&%. Ilie C'.harily ha￿ csiabliqli￿l r¢%4)urcc% and rcviewcd systems, which should allow Ihc I'i5ks identified 10 be mitigated to gn gcccpIDble level in il% day-10-dtTry Operations. It Is ircogni¥d thdt sysieins can only provscl¢ ￿$017￿bIr but nut abbi?lutL a.ssuronce that Inajor riskq hav¢ b¢¢ii adequatcly Inanagcd. The majDr risks air set out below with the Scliopl s stratcsy ia addirss than. Pupil nutnber Cjrowing t)iid Irainiaini11g pupil nuillber￿ if a maji)r risk for thc ind¢p¢ndcnt school srttor as paTenis acD)SS th¢ country are fiiiding the Inci￿1Stng iiidependent schovl fees arL becoiring legs an(1 ILSS affordable. This yeaT this has been c5p¢cially lh¢ ¢a%e with Ili¢ global en¥rgy Crisis allectillg ulililiu ¢lk45 {Iiid the i-l￿t in thc co.%1 ol- living. Thc dcillDgrai)liic ttf Plymouth is finding this particulaTIy challenging. Without cffc¢tive m8rk¢tiiig of ii'hat Pl￿nOuth Collegt is able to offer wilh th¢ addiliondl benefii the School can bring 19 the pupils in ierniq of Ileveloping conlidenl and tsleiited yuuTrg ywplr, Ilie School will ￿u1'f¢r a declinc in pupil nuirbcr%. 11 1% a150 iiiipoi'laiil In ¢n￿Ure that wt h8vc sufficiently Cxpcl'i￿¢¢d. cfficicllt and cfftciive %taff in our Mai'kcting & Admissions *am $0 thai we know where to target oui. Imarkeiing in relation to Ili¢ recruitmenl i)f pupils loLally, elsLwher¢ aiN)und Ilie UK and inlanaliunally. Quality of teAchine The qualtty of ieacliing and LOaLhinb) needs 10 be Lonsi#nily Ironilored and upgraded and Ihc enviiDn1nent for education need￿ to bc iiiodeiniscd whcrc appropriate.. ongoing work to iiiiprove the utilivtion ot. pupil.8' a￿d¢￿ie tracking data is being perfarnied lo focu5 attciiiion &s ncedcd in this anTr. Extern&l risks Thcrc arc a lluinb￿. of risks Ihdt dll Oiltside of our coiiirol, such as the Lurrei)I polilical Lliinai¢ wliich includes iiicrease5 in influllon, WdbTES And interest i'ales,. the global ell￿SY cri4is and It%uliant ii?ci'¢a%e8 Iii cncrgy co*s', the threat of V AT bcing introducd on ndcpciidcnt schaol fcc%; Ihc ￿l¢nI1￿1 loss of rnandatory bu.%incss ratc rcli¢f and even the pvssibiliiy of lh¢ removal for mdny indepeThdL'nl sLhool% of chai.1￿b]e siaius. To th8t ertd, we aiE sLenai'io plgnning as besl as anc I￿. every yolcntially adwc iese iigks are firmly on the T4(lai' of TTusieeg. willi, ha% beeii Inentioned, fjnaiicial stt*t£gy end contingency meaFur&% being develop￿ to ini1i8ate the rigks. ReputatioTral ri$k$ Finally, rhc risk to the business of the School that could be ¢Èused by a loss of reputation is an eleineni Iliai needs wnsiant review ilirough our reLYuilnienl Df starr, provi%ion of a safc cniiironin¢nt and robust behavioural as wcll as H¢alth and S&f¢ty and S￿lf¢guarding policies. 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)elid￿i¢ Sihvul scthor are Sel out iii the abuve pai-a8rap115. sli￿1]￿1.1y, Ihe finaii¢i*l 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 SeilLe1n￿r 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 th￿1￿ Inay fdLe tli¥ Colleg5L' 111 Ilie futLiir whilst trying 10 ass￿￿ Cullege and St DungiJn s Ab6¢y SLhovls Ch&rily s fU1￿LaSt$ 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 foTe￿￿ah1e 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 Colleg*e 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 Sira*gi¢ Rrporil aiid Ilie financial siaiernents iii accordance wilh Ippli￿ble 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 rea￿nable 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 g￿uP Hnd ¢￿ab]e hein lo Ihat thr IinanciHI staittneiii¥ winply willi the Ci)InpatTriL% Aci 2￿6 and Lh¢ provisions of thc chariiy's conslitulinn. Tliw air also iYsp()nsil)l¢ for saflyuarding the a%4cts nf Ihc tharity dnd the Si￿uP 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 coilip￿TrY 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 lE5￿￿51b1]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 Pn ¥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 T1￿￿tCe% 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 agI￿l￿en( 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$ibilitie5 Df Tru5tee5 As ¢xplain¢d Inore fully in Ihe Statement of Trustets R¢spoiisibililiLS. thl I'ru.%lcc% Iwlio Ihc diiECturs ot. the ¢li#riiabl¢ coInpany fui. Ilie purposes ol. coiiipdiiy Idw) dfL' respi)11sibl¢ toi. Ihe i)ly)ai￿lIUn ol- Ilie liiidnLi415ratciiienis and ft)r bcing saiisticd Ihai stat¢iiienis Ihai #IL" fir¢ Irom maieiial Tllis¥iaiernent, wh¢th¢r due 10 frnud or ¢￿￿T. In piwaring the tinancial slalcrnciil4 the Trusiees are irspoiisiblr fur asse85in¥ the Grvup s an(t (he Parent Chariiable Company's ability 10 continue as d going conccrn, disclosiiig, as applieablL'. Imalters Irlaid 10 goiiig ctrnccrn iiiid u%iiig Ilir gi)Ing cui)Lei-ii basi4 01 aLcounling unless the Ti'uste¢s eith¢Y itii¢nd tu liquicldie Ilie GroLIP OT Ihc Pairni ChariiablL Cvmpany oi. 10 cca$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 reaSLbnle bgsis, of lrdii%acti()11￿ diicl baldlllL% akiirtringj 10 appropridtL' dvcuiiieiiiaiy evidwice., 12 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$k, in panicular In addrcss tlie L0111plgteiits*4 otr inr()IMv r1%k,' 311d Iii acldi-c&siii¥ Ihc r1sk of fraud ihi-ough man8gciiieni ovcrride of ¢onii'ols. i¢stiii¥ tlil appiupiiaiencss o)f jouinal eiilries and other adjUstIn￿ts. Our Judit pMcedu￿% were d<4igntxI 10 respond 10 risks of iiialu-ial mibsiateinenl iii tli¢ finaiicial 51alrTncnts. recognising that th¢ Ti%k of not detLKtin% J Inaterial liii4sEalenient duc tv trilud 1% higher than the Fi%k of not d¢iccring nlle rosuliing from cnN)r, as fraud mdy inVLTrlve delihcrgte cnnC￿1McnI by, for cxainplc, forgery. Inisrcprcsenlalions or Ilirougli collusioii. There aiE i11hLr¢ni liiniiaii0118 in Ilie audit proccduirs pcrfvnneil dnd Ihe funhei. removed non-coinpli&nc¢ willi laws and regulalioii* is froin Ilie ev$nt￿ and b*n%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 ￿late1￿cnt$ IN Incaicd al Ilic Financial Re￿rtIng 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 requir￿1 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$11mc r¢%poiisil?ilily 10 anyonc othcr Ihall the Chariiiblc Coinpany and the CharilablL Cumpany s In¢inb¢r4 ds a b()dy, for vui. aiidii woi'k. foi. thi% ILport, or fui. Ilie opinii)ns WL have foirnccl. DocuS*Mdty'. DA15AED75D45453 HuiheT Wh¢i1110use ISeiiiDI' Sialutoiy Aiidiloi} roi'.illd bLhalf ot. BDO LLP. statutory 1( udil()r Bri4tol, UK Dalc 14 December 2022 Btx) LLP is a liinitcd li(Ibilily partncrship Tegi.%lci'cd England &nd Walcs Iwiih rcgistcr¢d nuinb¢r OC3a51271. PLYMOU'I"H COLLEGE AND ST DUNSTAN'S ABBEY SCHOOLS CHARITY CONSOL.IDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAII L￿DED 31 AUGbSI' 2022 Ncilr UnK￿lricied R¢firi¢i¢d Fuiid Endowiment Fuiid otAI Fund Funds 2022 2021 INCOME AND ENDOWMIN'I'S FROM: Scliwl fees 7.502.053 798,679 7.502,053 7,429,O4¥ 779,522 Ancill&ry incom¢ 798,679 Dondi1¢J￿ts ttiidleg(tcies.' tk]iiaiions 3b 14,714 13,426 28,t40 16,697 Ircoiiie jr0￿1 irftding LILljiyjljts.' 04.154 8.406 ¢M,154 8,4116 61,080 4.494 12 4.287 Oihej. Pr(Ifit nn %alc ol'laiigiblc fixcd 786 786 242 TOTAL INCOME 8.388.804 13,426 840227 8 295.371 EXPENI)ITURF. ON: S¢hoi)l (?p¢raiing cosis 7,747.546 6,610 7.754,I56 7.589.577 Financ¢ 265.086 Z6.5.086 186,844 Impairimeni on Property 435,774 EipcJi[(ljri{rLJ OFI I￿￿5111S. COEI of iiising tunds 576 576 625 Tr¢F¢lirtg<3nd leiiiiigs 46.03fi 46,036 IS967 TOTAL EXPENDITURE 8.059,244 6.610 8.065,854 ¥,228,787 Nei Ilossesllgainb on Inv￿[1￿¢1715 10,8591 16,859) 47,060 NL'I. INL()MF. 322,701 -129,517 l13,044 L￿)$￿￿ 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.. DeSi￿￿ttaled 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 financi￿1 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.. SIAtcL￿Cnt of ftecoinimcndcd Pi*ctice appli¢abl¢ to cliaritivs p￿paring their a¢¢ounis in auordaiice willi the F1ndnLi￿I 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 %tateM￿li* arL' pirparcd in sicrling. whith is th¢ functional currency of the charity. Monetary ainounis in th finynLial siaieinillitb arL rounded tij Ilie nea￿$t £. Coing Concern Thc Financial Slalcinciil.4 h1( vc bccn i)rcpaTcd on a gning Conc￿rn ba.51￿. Nct a&Sct￿ at thc balance.Ihtci datc 1¥t￿ £6,330,335 and net CUlTent l1&bililiL￿ ill thL bulanLL shL'et clalL' w￿¥ £3,299.653. Al Ihe ye*i'.en(l. Ilig bank overdraft was £1.157,034, tIl￿E wei'e iinsilivc cash balanc￿ otr £195,31 S Ii nd thc ILvcl t>f unr&%ll-Iclc(I [c￿[v￿ 1% £5,704.833. Thc scl)ool doc% ntri liold reserves as defiiied by the Chaitty Cominission, a4 there is Signifi￿llt investJn¢nt in the schijol buildings. Model Wc havc Inodcllcd Ihc iTnpJ¢l on Qui. pupil nuinhcr%. other of iiicoinc and OLJT cost bgsc. Wc havc lakcn a prudcnt vicw un pupil nuihbers have bdsed inLuinL iiif()ItndliLTrll fii)In Iybiuldr L￿nt￿LI with parent& bEith in th¢ UK ynd OV￿￿%. Th¢ Truslcc% havc 5ti'e%% le￿Ied Ili¢ budget foi. 21122-2023 aiid Ilie tall iii i?ui?ils that would be requiird lo de£in the charity io iiol bc a gtsing-concem was con5ida.ed to b¢ unrealistic. Lcltiiig inetsrnc lia% incTcased .8lighily 4$ 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 re￿IdQnt1a] aiid nOn-1￿￿1denl1a1. 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 ho1￿c 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 ihalleli￿T¢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 pall1￿7¥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¢ ch*rity, only, ha5 taken Ddvanlage of th¢ ex¢TllPliOlits for lh¢ tollvwiiig disclosuiE r¢quir¢in¢Dt'. Se¢livn 7 'Slai￿ne￿I 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'all￿ble 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 occ￿rdanCe 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 reLxignist th¢ rc4tiictinn L£gacies art included wheii it i> pri)babl¢ that a p￿Y￿¢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 nUIll￿rS. 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 InLU￿1]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 i￿IdUal 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 linpl￿vernt1iI5 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 u111￿S 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 Lonsiyer 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 0￿rating I￿8¢5 whcrc Sub￿lantIalLY 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 whurl￿pOn 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 b￿Wee17 amounis talling du£ wiiliin uiie year aiid ainouiir% fJllin¥ due dfter rnore rh4n onc yi*r. In) FinanciRI Instrun)eJJts Thc gr()up lias elected lo apply Ihe piuvi%iiJi% ol'SeLiion I I 'BdSiC Fiiidncial 11isti.uin￿7(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 subs￿Uc￿T]Y ¢arri&l at ainoiliscd usiiig Ihc LIYeLtive intLre81 iiieiliod, rcccipis (liscounied ai a IllJTkct TdlL Ot'interost. al a IMaAill tsihcr wurcc%. Tlic C%liTnalcs aiid as%ocif ¢mployt£s whose groE% salaiic% Binountcd to £60.0{￿ oi. ov¢r in Ihc y￿r 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 M￿nage1)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)Y￿ts Nl and ￿nSIOn LLbllll-ihutions. was £520,553 1?021-. £419.1)5?1. The aV￿.ag¢ t)uTmber of einploy￿S ot'ihe School and the Group analy%¢d by fviicrion was.. 2022 2U21 Charity". Tea¥lIing.￿IafT '[ C￿ching 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'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 s￿110￿ 35.IOldl Of FR$102 10 u%e th¢ ca1Yyiiig value of any of thc above assets previously can'icd at valuatinn. as Ihcir deerncd co%1. Thc ainount r¢poiled for Ilie Millticlds &Tlc iva$ bas￿1 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) GI￿llp.. 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%ol1d￿ttt1 rxi%ilI￿ rqxirted in the%c fin*iiciiT Tax and social sccvrity ALei-uals Tree￿ rcccivcd in advancr Bank loan,4 {s￿Ured1 Ise¢ not¢ 121 Bdnk loans {uiiseLur¢dl (sw note 121 1,157,034 157,705 2,525,153 400,365 1,157,034 352,184 2,525,1 $3 392.221 97,702 709.154 104,443 78,927 751,976 555.802 6711 11> 102,905 80,841 .14b,959 100,591 795.318 104,731 87,702 751,976 555,802 671,109 102,017 71543 1,-146,959 100,591 -1828 148 5,231,047 3 811 437 5.225.378 27 PLYMOUTH COLLEGE AND ST DUNSTAIY'S ABBEY SCHOOLS CHARITY NOT&S TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUCUST 2022 ICON-I'INUTr'.DI Creditors: AmouL)ts f*lling dwe *l'ter more than one yeRr Group Chariry 2022 2021 2022 2021 OPM loan - un%ecui"cd Loan.. St Dunsian s Abbw School Trust Bank loaiis IscLuredl1see note 121 Bank lo*n% lunsccui"edl1siL' IiOIL 121 Fees r&eived in advance 50,000 50,000 471,4U3 356,228 5(lil.C)28 351228 37,500 151.540 239,040 37,5(M) 151,540 681).()08 200,333 634061 200.63.3 1055,464 12. Bank LoatL Thc School has ILWll facilities. seLured and unsecured as follows.. Group 2022 2021 2022 2021 Due within ont yeBY DUL within 1-2 years DUL withiii 2-5 y¢ars Due after 5 Y￿rS iio,.sgi 112,286 271,442 565.802 i 0,000 27,500 110.591 112,286 271,442 565.802 10,000 27.500 603,302 494,319 603,302 Thc unsccurcd b￿lk loan related 10 the Bounce Balk loan% Ihal Ihc (iovcrnineni is%u¢d dui'iiig (lie Covid-ll) pandriniL dnd is repdyable OVLY 5 years. ie bank bottowing is.*turEd by y charg¢ oi'¢i' rh¢ tY¢Lholil piD￿rtY of IhL GrTrup iii tavoui. ot- Ll()yd$ Raiik. 'I'lie ag¥re¥iile ot- sec￿re￿ 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 bL￿Trg 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-L￿0vali011S 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- chemi￿ttY 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 C￿rrent t￿n8- 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-iiigbll￿w- 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 ru*crve 2,015J78 11,670,225) {1,055,4041 {710..111) Resirl¢teiE Funds J.C. Hcrriiigsliaw... Cheini81ry Giorgc Sicplioison Pavilion Asil￿n01￿Y dunaiioii- Prep Sch￿1 178 973 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 Unres*rlcled 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 D￿lgilat¢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 r￿try¢ repr&sent% Ihe free fuNd.% of tliv LhJrily. Ivliich are not d￿18Kated 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¥¢ StYh￿l￿ort Pavilion Marg￿r¢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 EXP￿ld11ur¢ 2U22 FouiidDtion l.C. H¢Mngshaw- Chcinisiry AslrLbnoJny doiiatioii PIH) SL'liool G￿rge Stephcn*on Pavilion MvTtiin¢Y'b JewelleiE Flui￿ary 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¥sh￿1W- 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- $1)LLific pillject￿. Tlic Inajnriiy was util1￿Cd iii prioi. fiiiancial y¢ais towards a iiew gyin. Duriiibb rh¢ y¢dr, lh¢ iyiiiaiiidLr LTrf IhL' fund% w¢r¢ spwil on a Ii¢w coinpuier. J.C H￿￿'1n .haw- Chemis11 In the y¢ar ¢ndud 31%1 Augu￿1 2015, Ihc School receivecl £5.11011 Ii'niii tli¢ kn>ldlL of Jillilc n Clai'd H¢rriii&bshaw fÉ)r Ili¥ t'uithL'I'dllLe of cheirisury siudy ai Plymouili Collegc. Purr of rh¢$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 $111all ainouni iiow reimains.. A51Tonnin Donati 1 Scl ool 111 2016, thL Pi'ep Scli(Kil r¢ceiv¢d a £IO,O(MJ (*)nation towards th¢ furthe]dnc¢ of Asironoiny ai tlie school. Thi£ has not bccn utili5¢d yd bul tollowiiig Ihe ai)poiiiiineni of Ihc n£w H￿d of Ilie Prq) School, li is huped Ilial this iiioiiey will be speiii duriiig Ihe n¢xi y￿r in lin¢ with IhL wi$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% GL￿rg¢. 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 I￿rI1)iS￿l￿17 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 purCh*￿e 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 [L￿civCd 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 EX￿ndI1Ure 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¢ End￿￿￿ent lias been paid &cross as cl donaiion to Plymouth College aiid Si DUn5￿n 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 ExpL￿dituEe P1yinnuih Cnllcge Education l?I'i7£ and S¢livldr%hip Fund 337.730 57,927 395,657 l￿dOwed 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 l. l)uring Ihc ycar 21116-2017, th¢ OPM Club rthulved t() freez¢ ihis RPI ￿¢dIat01. for i¢n years etTeciive fyoin iJi September 2016. The Trusi believes Ilie pv&sil?ility of repayment is irmote and so has recogniscd th¢ incoinc and has not incoiyotrat Ihc coniingcnl liability iiilo tlic accouii15. The aniiual value acciuing will be pi'esenid annually by way c)*'a iiote ti) lh¢ 8¢wunis. The OPM Club hgs tgk¢n a chargc Ov￿. Ili¢ fr¢£hold propc4tiC5 which will duly bc discharged if clausc 7 of the Legdl, hqLTrrtgaBe and Deed of E#swn¢tTrl AgiY¢m¢ni is Irigg¢red whereby Plymouth College and St Dungian s AbbLy Schotil (-hai'ily rcpay.4 all su1nS Ot-1moncy liabilillC5 and Inlcr&5t. bl Since August 2006, the assets of Plyini)Iiih Coll￿e Trust lidve been used to ￿￿Te the bank borrowing of Plymouth C.ollcgc and St Duii%lan'% Al?bcy %cho()15 Charity by guardnicc ID Lloyils Bank Plc. A$.%cts at Ihc Ford Park site own¢d by Plyinouih College Trnsi w￿¢ %ubjeci 10 thi8 ¢hJrge. Dui"ing 2018-19. the guaranlcc w&5 CXt￿)ded so that the treehold propeity ass¢lN of'tli¢ Gi￿￿1) us¢cl Iv sL*uiY baiik btsrrowiiig vf the Chai"ily. The ILvel uf burruwin¥s cutycnily 8ecured under dii.$ eharge 1% £l.(113,853 (2021.. £3,080.9551. 33 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 t1￿￿1 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 Lo5￿G&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 InCrea￿e 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 $1£lff willi einp10y￿. coniribuiions at 7V/o Vt'ba5iL pay, now liL% aulO-eniDlmciil schoinc whrfe it Loiitribuie% 30/p of pay. £6.1.227 was payablc for Ihc ycai. Ciidcd 31 Augu%1 202212021.. £67,025). 01 this. £4 C)82 uul%ianding dt yL-Jr-end. ContTibulions ar¢ charged in the stdi¢tn¢ni of findn¢ial aciiviiits tli¢y acciue. Thc ￿nsiOn cost l(Jr Ihc8c 8chcm£s is Ircogniscd as it becomes Paydble. 34 PLYMOUTH COLLEGE AND ST DVNSTAN'S ABBEY SCHOOLS CHARI'I'Y NOTES TO THE CONSOLIDATED FINANCIALSTATEMF.NTS FOR'FIII YF.AR &NDLD31 AUGUST 2022 ICI)N'TINUED} 22. RellltEd PArties -ertciin Trusieos niay liawe children at tlie %chool wliu reLeive bursarii* or scholarships., these air ossessed and aw￿ra￿d o -.lie 5amr triTh% availabl¢ to all i)7￿ Irni.4. Ni) Tru51¢&s pl￿vIded PTofes5ioiial services lo IITrc school during the year, {2021 £nill. Tlie l¢g81 authority for payment% to TFU*tec8 18 a powcr in Ihc chariiy 5 govaming do¢uin¢nts'. 45 at 31 Augusi 2022. Plymouth Collcgc Tru4t owe5 £1.545,5a4 12021.. £1.545.504) 10 Plymovih College 8nd Sl Dunstgn'5 4bb¢y Schools Charity. 4r ycar-¢nd £1 61,491 12021.. £97,701 dLbiorl was uwed 10 Plyinouih Coll¢ge and Si [￿￿￿tdn'$ 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¢ to1￿11 0￿y{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￿. prot￿￿10naI 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 ￿t￿lieS 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 di￿10￿e. 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