## ## ## ## ## ## ## ## ## ## ||||PAGE| |---|---|---|---| |Report ofthe Trustees|||4-17| |Report ofthe independent|auditor||18-21| |Statement offinancial activities incorporating||income and expenditure|22| |account|||| |Balance sheet|||23| |Cash flow statement|||24| |Principal accountinS policies|||25r27| |Notes to the financial statements|||28-46| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |on.
T|he t|able below shows the|energy usage and emis|sions
from gas| |---|---|---|---|---| ||||2022|2021| |Ener|use in kWh||5,332,299|5,581,475| |Emissions||in tonnes CO2e|1,024|1,102| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||Total|Total| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment|Funds|Funds| |Income and Endowments|||Note|Funds|Funds|Funds|2022|2021| |||||8'000|8'000|6'000|6'000|5'000| |INCOME FROM:||||||||restated| |Charitable
Activities||||||||| |School fees||||23,963|||23,963|22,588| |Other educational
income||||1,689|||1,689|1,071| |Other trading
activities||||||||| |Other trading
income||||1,058|||1,058|591| |Investments||||||||| |Investment
income|||||172||174|121| |Donations
and legacies||||||||| |Grants and donations||||119|527|||998| |Total Income||||26,831|699||27,530|25,369| |EXPENDITURE ON:||||||||| |Raising funds||||||||| |Trading expenditure||||647|||647|158| |Investment
management|costs||||27||27|25| |Total non-educational|costs|||647|27||674|183| |Charitable
activities||||||||| |Education||||24,525|16|23|24,564|22,223| |Total expenditure|||6 - 8|25,172|43|23|25,238|22,406| |Net income||||1,659|656|(23)|2,292|2,963| |Net gains/(losses)
on investments|||||(341)||(341)|782| |Transfers
between
funds|||18.1/2|393|~333|30||| |Net incoming resources|before other|||1,952|(8)|7|1,951|3,745| |recognised
gains and losses||||||||| |Change
in value ofhedging||instrument||4,009|||4,009|932| |Net movement
in funds|for the year|||5,961|(8)|7|5,960|4,677| |Fund balance at 1 September 2021||||18,875|5,172|1,797|25,844|21,167| |Fund balances at 31August 2022|||18|24,836|5,164|1,804|31,804|25,844| ## ## ||||Group||School|| |---|---|---|---|---|---|---| ||||2022|2021|2022|2021| |||Note|6'000|F'000|6'000|F'000| |||||restated||restated| |FIXEDASSETS||||||| |Tangible assets||9|37,743|37,401|37,743|37,401| |Investment
property||10|1,020|1,020|1,020|1,020| |Investments||11|4,179|4,512|4,179|4,512| ||||42,942|42,933|42,942|42,933| |CURRENT ASSETS||||||| |Stock||12|114|95||| |Debtors||13|678|591|913|771| |Cash and short term|deposits||15,653|13,370|15,540|13,245| ||||16,445|14,056|16,453|14,016| |CURRENT LIABILITIES||||||| |Creditors due within|one year|14|(7,322)|(6,417)|(7,361)|(6,454)| |NET CURRENT ASSETS/LIAIBILITIES|||9,123|7,639|9,092|7,562| |TOTAL ASSETSLESSCURRENT||||||| |LIABILITIES|||52,065|50,572|52,034|50,495| |LONG TERM LIABILITIES||||||| |Fee deposits||15|(2,817)|(2,468)|(2,817)|(2,468)| |Deferred income||15|(637)|(444)|(637)|(444)| |Loans||15|(19,333)|(20,333)|(19,333)|(20,333)| |Financial
instrument|derivative-|||||| |hedging
instruments||15|2,526|(1,483)|2,526|(1,483)| |NET ASSETS|||31,804|25,844|31,773|25,767| |Capital Funds||||||| |Endowments||18.3|1,804|1,797|1,804|1,797| |Income Funds||||||| |Restricted funds||18.1|5,164|5,172|5,164|5,172| |Unrestricted
funds:||18.2||||| |Cash flow hedge|reserve||2,526|(1,483)|2,526|(1,483)| |Other charitable|funds||22,310|20,358|22,279|20,281| |TOTAL FUNDS||18|31,804|25,844|31,773|25,767| ## ## ||||||Notes||2022|2021| |---|---|---|---|---|---|---|---|---| |||||||E'000|8'000|f.'000| |NET CASH FLOWS FROM OPERATIONS||||||||| |Net cash provided
by operating||activities|||19||5,228|4,486| |CASH FLOWS FROM INVESTING|||ACTIVITIES|||||| |Purchase offixed assets||||||(1,399)||(1,058)| |Proceeds from disposal
of|fixed|assets||||||| |Purchase
of investments||||||(188)||(657)| |Proceeds from sale ofinvestments||||||196||667| |Return on investments||||||172||119| |Interest received||||||2||2| |Net cash used in investing|activities||||||(1,217)|(927)| |CASH FLOWS FROM FINANCING|||ACTIVITIES|||||| |Maddock transfer||||||||99| |Repayment
of bank loan||||||(1,000)||(1,000)| |Interest on loans||||||(728)||(770)| |Net cash used
in financing|activities||||||(1,728)|(1,671)| |Change
in cash and cash|equivalents|||in the||||| |reporting
period|||||||2,283|1,888| |Cash and cash equivalents|at|the|beginning|||||| |ofthe reporting
period|||||||13,370|11,482| |Cash and cash equivalents|at|the|end|ofthe||||| |reporting
period|||||||15,653|13,370| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||||Total|Total| ||||||6'000|L'000| ||The School's fee income comprised:|||||| ||Gross fees||||26,126|24,814| ||Less: Total bursaries,||assisted places and allowances||(2,163)|(2,226)| ||||||23,963|22,588| ||Other educational|income:||||| ||Other fees and income||||1,689|1,071| ||Total||||25,652|23,659| |3|OTHER INCOME||||2022|2021| ||||||Total|Total| ||||||f'000|8'000| ||Other trading activities|||||| ||Rental and other commercial|||income|1,058|591| |4|INVESTMENT INCOME||||2022|2021| ||||||Total|Total| ||||||6'000|f'000| ||Listed Investments||||172|119| ||Interest received on bank deposits||||2|2| ||||||174|121| |5|GRANTS|AND|DONATIONS|Unrestricted|Restricted|2022|2021| |---|---|---|---|---|---|---|---| |||||Total|Total|Total|Total| |||||5'000|6'000|K'000|r'000| ||Donations|||119|527||784| ||Grants||||||214| ||Total|||119|527|646|998| ## ## ## |||NO|TE|S TO|THE FINANCIAL STATEMENTS||| |---|---|---|---|---|---|---|---| |STAFF COSTS||||||2022|2021| |||||||000|E'000| |Total staff costs comprised:|||||||| |Wages and salaries||||||11,879|11,067| |Social security costs||||||1,291|1,134| |Pension contdibutions||||||2,054|1,923| |||||||15,224|14,124| |The average number||ofemployees||during|the year were as follows:||| |||||||2022|2021| |Teachers||||||140|137| |Education|support|||||83|83| |Premises|and services|||||47|49| |Administration||||||63|53| |Marketing|and admissions|||||9|10| |Shop||||||4|3| |||||||346|335| |The emoluments
of higher-paid|||employees||fell within the following ranges:||| |||||||2022|2021| |||||||No|No| |Taxable emoluments||band:|||||| |E60,001 -|E70,000|||||18|17| |E'70,001 -|E80,000|||||7|4| |E80,001 -|E90,000|||||1|1| |E90,001 -|F100,000|||||1|1| |E120,001|- E130,000||||||1| |E130,001|- E140,000||||||| |E180,001|- E190,000||||||| |E210,001|- E220,000||||||| ## |2022|2021| |---|---| |E'000|E'000| |1,638|1,569| ## ## ## ||||Staff||Depreciation||| |---|---|---|---|---|---|---|---| ||||costs|Other|and|2022|2021| ||||(note 6)|costs|amortisation|Total|Total| ||||E'000|6'000|6'000|6'000|ยป000| |Costs ofgenerating|funds||||||| |Trading expenses|||395|252||647|158| |Investment
management||fees||27||27|25| ||||395|279||674|183| |Charitab/e
activities:|||||||| |Education costs|||11,912|2,297||14,209|12,712| |Catering||||1,995||1,995|1,443| |Premises
and services|||1,335|2,499||3,834|3,403| |Administration|||1,132|651||1,783|1,948| |Marketing|||450|553||1,003|894| |Bank interest payable||||728||728|770| |Bad debt provision||||(80)||(80)|8| |Depreciation
and amortisation|||||1,057|1,057|1,015| |Governance costs||||35||35|30| |Schools operating|costs||14,829|8,678|1,057|24,564|22,223| |Total resources expended|||15,224|8,957|1,057|25,238|22,406| ## ## ||||Staff||Depreciation||| |---|---|---|---|---|---|---|---| ||||casts|Other|and|2021|2020| ||||(note 6)|costs|amortisation|Total|Total| ||||f.'000|E'000|E'000|E'000|f'000| |Costs ofgenerating|funds||||||| |Trading expenses|||41|117||158|193| |Investment
management||fees||25||25|22| ||||41|142||183|215| |Charitable
activities:|||||||| |Education costs|||10,967|1,745||12,712|12,657| |Catering|||2|1,441||1,443|1,319| |Premises
and services|||1,258|2,145||3,403|3,160| |Administration|||1,460|488||1,948|1,968| |Marketing|||396|498||894|828| |Bank interest payable||||770||770|803| |Bad debt provision||||8||8|(53)| |Depreciation
and amortisation|||||1,015|1,015|944| |Governance
costs||||30||30|29| |Schools operating costs|||14,083|7,125|1,015|22,223|21,655| |Total resources expended|||14,124|7,267|1,015|22,406|21,870| |Total resources expended|Total resources expended|include:||||| |---|---|---|---|---|---|---| ||||Group|Group|School|School| ||||2022|2021|2022|2021| |Auditor's|remuneration||35|30|29|29| |Depreciation:||||||| |-Tangible|fixed assets, owned||1,057|1,015|1,057|1,015| |Operating|lease rentals||380|380|380|380| ## ## ## |||Asset|Freehold|Fixtures|||| |---|---|---|---|---|---|---|---| |||under|land and|and|Computer|Motor|| |||construction|buildings|fittings|equipment|vehicles|Total| |||K'000|f'000|6'000|6'000|R'000|6'000| |Cost|||||||| |As at 1 September|2021||49,114|1,122|383|145|50,764| |Additions
in year||847|453|65|34||1,399| |Disposals|||||||| |As at 31August|2022|847|49,567|1,187|417|145|52,163| |Depreciation|||||||| |As at 1 September|2021||12,059|839|345|120|13,363| |Charge for year|||907|103|32|15|1,057| |Disposals|||||||| |As at 31August 2022|||12,966|942|377|135|14,420| |Net book amount|||||||| |As at 31August 2022||847|36,601|245|40|10|37,743| |Net book amount|||||||| |As at 31August 2021|||37,055|283|38|25|37,401| ## ## ## ## ||||2022|2021| |---|---|---|---|---| ||||6'000|k'000| |Investments
comprise:||||| |UK Fixed Interest|||603|725| |Overseas
Fixed Interest|||312|345| |UK Equities|||1,415|1,674| |Overseas
Equities|||967|939| |Global Investments|||473|487| |Property|||76|103| |Private Equity|||167|98| |Other Investments|||127|118| ||||4,140|4,489| |Short Term Deposits|||39|23| |Group Total Investments|||4,179|4,512| ||||2022|2021| ||Investments|Cash|Total|Total| ||5'000|6'000|6'000|r'000| |Market value:||||| |Balance brought
forward|4,489|23|4,512|3,563| |Transfer
in||||453| |Additions|188||188|657| |Disposals|(196)||(196)|(667)| |Other cash movements||16|16|(6)| |Total gain/(loss)|(341)||(341)|512| |Balance carried forward|4,140|39|4,179|4,512| ## ## |If the investments|If the investments|had
not been|had
not been|revalued,|they|would|have been|have been|included|on|the historical|cost basis|at the| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |following|amounts:||||||||||||| ||||||||||||2022||2021| |UK Fixed Interest|||||||||||702||703| |Overseas
Fixed Interest|||||||||||345||344| |UK Equities|||||||||||904||1,075| |Overseas
Equities|||||||||||580||581| |Global|Investments||||||||||425||323| |Property|||||||||||52||52| |Private|Equity||||||||||172||85| |Other|Investments||||||||||111||111| ||||||||||||3,291|3,274|| |||||||Group|||Group||School|School|| |||||||2022|||2021||2022||2021| ||||||||f||f||f||f| |Interest
in|subsidiary
undertakings||||||||||202||202| |Total|||||||||||202||202| |At 31 August 2022, the School|||held more than 20% ofthe fallowing||||||undertakings:||||| |||||||||Class ofshare|||Proportion|Nature of|| ||||||||capital||held||held|business|| |Caterham|School|Trading
Limited||||||Ordinary f1|||100%|School shop|| |Company|number|โ€”02476019|||||||||||| |Caterham|School|International|Limited|||||Ordinary f1|||100%|Educational|| |Company|number|- 11897124|||||||||||| |Caterham|School|EdTech Limited||||||Ordinary f1|||100%|Educational|| |Company|number|- 13097923|||||||||||| |Caterham|School|Enterprises|Limited|||Limited||by Guarantee|||100%|Dormant|| |Company|number|-04299687|||||||||||| |Caterham|School|Virtual||||Limited||by Guarantee|||100%|Educational|| |Company|number|โ€”14089222|||||||||||| ## ## |AS AT 31AUGUST 202|2||| |---|---|---|---| |||2022|2021| ||||restated| |CURRENT ASSETS|||| |Stock||113,807|95,661| |Debtors|||| |Cash at bank||101,017|113,712| |||214,824|209,393| |CREDITORS: Amounts|falling due within one year|(206,982)|(I66,161)| |NET CURRENT ASSETS||7,842|21,232| |TOTAL ASSETS LESS|CURRENT LIABILITIES|7,842|21,232| |CREDITORS: Amounts|falling due in more than one year||| |NET LIABILITIES||7,842|21,232| |CAPITAL AND RESERVES|||| |Share capital||2|2| |Profit and loss account||7,840|21,230| |SHAREHOLDERS'
FUNDS||7,842|40,057| |PROFIT &LOSS ACCOUNT|||| |||2022|2021| ||||f| ||||restated| |TOTAL INCONIE||181,180|189,080| |TOTAL EXPENDITURE||)173340)|~707, ,050)| |NET PROFIT||7,840|21,230| ## ## ## |AS AT 31AUGUST 202|2||| |---|---|---|---| |||2022|2021| |||f|6| |CURRENT ASSETS|||| |Debtors|||| |Cash at bank||100|100| |||100|100| |CREDITORS: Amounts|falling due within one year|(2,552)|(12,072)| |NET CURRENT ASSETS||(2,452)|(11,972)| |TOTAL ASSETS LESS|CURRENT LIABILITIES|(2,452)|(11,972)| |CREDITORS: Amounts|falling due in more than one year||| |NET LIABILITIES||(2,452)|(11,972)| |CAPITAL AND RESERVES|||| |Share capital||100|100| |Profit and loss account||(2,552)|(12,072)| |SHAREHOLDERS'
FUNDS||(2,452)|(11,972)| |PROFIT &LOSS ACCOUNT|||| |||2022|2021| |||E|f| |TOTAL INCOME|||| |TOTAL EXPENDITURE||9,520|(12,072)| |NET (LOSS)/PROFIT||9,520|(12,072)| ## ## ## ## ## |12|STOCK|||N|OTES TO TH|E FINANCIAL S|TATEMENTS||| |---|---|---|---|---|---|---|---|---|---| |||||||Group|Group|School|School| |||||||2022|2021|2022|2021| |||||||6'000|F'000|6'000|5'000| ||Goods for resale|||||114|95||| |||||||114|95||| |13|DEBTORS||||||||| |||||||Group|Group|School|School| |||||||2022|2021|2022|2021| |||||||000|r.'000|E'000|E'000| ||Trade debtors|||||73|70|73|70| ||Amount
due from subsidiaries|||||||235|180| ||Other debtors|||||133|32|133|32| ||Prepayments|and|accrued|income||472|489|472|489| |||||||678|591|913|771| |14|CREDITORS:|due|within|one year|||||| |||||||Group|Group|School|School| |||||||2022|2021|2022|2021| |||||||6'000|E'000|f.'000|f.'000| ||||||||||restated| ||Bank loan|||||1,000|1,000|1,000|1,000| ||Fee deposits|||||434|556|434|556| ||Deferred
income|||||3,665|3,316|3,665|3,316| ||Amount
due to subsidiaries|||||||62|62| ||Trade creditors|||||848|574|1,456|558| ||Social security|and|other taxation|||427|14|11|14| ||Other creditors|and|accruals|||948|957|733|948| |||||||7,322|6,417|7,361|8,454| |15|CREDITORS:|due|after one year||||||| |||||||Group|Group|School|School| |||||||2022|2021|2022|2021| |||||||E'000|E'000|000|f.'000| ||Fee deposits|||||2,817|2,468|2,817|2,468| ||Deferred
income|||||637|444|637|444| ||Bank loan|||||19,333|20,333|19,333|20,333| ||Financial
instrument||derivative||- hedging||||| ||instruments|||||(2,526)|1,483|(2,526)|1,483| |||||||20,261|24,728|2D,261|24,728| ## ## ||||||||||2022|2021| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||5'000|5'000| |Amounts|due|1 - 2 years:|||||||1,000|1,000| |Amounts|due|2 โ€”5years:|||||||3,000|3,000| |Amounts|due|more than 5years:|||||||15,333|16,333| ||||||||||19,333|20,333| |FEE DEPOSITS||||||||||| |At the end of||the year, the deposits|||held on account were||split as follows:|||| ||||||||||2022|2021| |||||||||||restated| ||||||||||5'000|L"000| |Amounts|due|1 - 2 years:|||||||573|483| |Amounts|due|2 - 5years:|||||||1,208|1,125| |Amounts|due|more than 5years:|||||||1,036|860| ||||||||||2,817|2,468| |FINANCIAL INSTRUMENTS||||||||||| ||||||||Group|Group|School|School| ||||||||2022|2021|2022|2020| ||||||||5'000|F'000|F'000|F'000| |Financial|assets measured||at|fair value||||||| |through|SOFA||||||5,199|4,512|5,199|4,512| |Financial|assets measured||at|amortised||cost|15,859|13,472|15,981|13,527| |Financial|liabilities measured|||at amortised||||||| |cost|||||||22,563|23,420|23,018|23,457| |Financial|liabilities
measured|||at fair|value|||||| |through|a hedging
service||||||(2,526)|1,483|(2,526)|1,483| ## ## ## ## ||||||Restricted|||| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|bursary|Endowment|Consolidating|2022| ||||funds|funds|funds|fund|adjustment|Total| ||||f'000|f'000|f'000|f'000|f'000|f'000| |Tangible|fixed assets||36,861|||882||37,743| |Investment||property||||1,020||1,020| |Investments||||3,265|914|||4,179| |Current|assets||15,558|906|79||(98)|16,445| |Current|liabilities||(7,322)|||||(7,322)| |Creditors:
year||over one|(20,261)|||(98)|98|~20,281)| |Total net assets|||24836|4 171|993|1,804||31,804| ||||||Restricted|||| ||||Unrestricted|Restricted|bursary|Endowment|Consolidating|2021| ||||funds|funds|funds|fund|adjustment|Total| ||||f'000|f'000|f'000|f'000|f'000|f'000| |Tangible|fixed assets||36,496|||905||37,401| |Investment||property||||1,020||1,020| |Investments||||3,531|981|||4,512| |Current|assets||13,288|743|153||(128)|14,056| |Current|liabilities||(6,859)|(2)||||(6,861)| |Creditors:||over one||||||| |year|||(24,284)|||(128)|128|(24,284)| |Total net assets|||18,641|4,272|1,134|1,797||25,844| ## ## ## |||At 1|||||At 31| |---|---|---|---|---|---|---|---| |||September|Incoming|||Gains/|August| |||2021|resources|Expenditure|Transfer|(losses)|2022| |||5'000|E'000|6'000|6'000|E'000|K'000| |University
scholarship||411|15|(2)|(33)|(30)|361| |Scholarship
and prizes||386|14|(2)|(31)|(28)|339| |Major H Hall Morgan||266|10|(1)|(22)|(19)|234| |Arthur
D Jones||245|9|(1)|(20)|(18)|215| |Industrial
gifts and|music||||||| |scholarships||579|21|(3)|(47)|(42)|508| |Other scholarship|funds||||||| |and donations|||0||||| |Mr S Bonarjee Legacy||272|10|(2)|(22)|(19)|239| |Eynon Bequest||1,314|48|(7)|(107)|(94)|1,154| |||3,473|127|(18)|(282)|(250)|3,050| |Maddock Science|||||||| |Scholarship
Fund||559|15|||(27)|547| |CSTrust|||203||||203| |Caterham
School|||||||| |Bursary Funds||1,071|171|(7)|(12)|(64)|1,159| |Parents' Association||69|45|(15)|(2)||97| |Old Caterhamians|||||||| |Association|||138|3)|27||108| |Total restricted
funds||5,172|699|(43)|(323)|(341)|5,164| |||At 1|||||At 31| |||September|Incoming|||Gains/|August| |||2020|resources|Expenditure|Transfer|(losses)|2021| |||E'000|S'000|S'000|6'000|5'000|r.'000| |University
scholarship||361|10|(2)|(2)|44|411| |Scholarship
and prizes||360|8|(2)|(14)|34|386| |Major H Hall Morgan||234|7|(1)|(7)|33|266| |Arthur
D Jones||216|7|(I)|(7)|30|245| |Industrial
gifts and|music||||||| |scholarships||510|16|(3)|(16)|72|579| |Other scholarship|funds||||||| |and donations|||||||| |Mr SBonarjee Legacy||240|7|(2)|(7)|34|272| |Eynon Bequest||1,157|31|(7)|(5)|138|1,314| |||3,078|86|(18)|(58)|385|3473| |Maddock Science|||||||| |Scholarship
Fund|||528|(2)||33|559| |Caterham
School|||||||| |Bursary Funds||1,018|141|(6)|(176)|94|1,071| |Parents' Association||63|41|(35)|||69| |Total restricted
funds||4,159|796|(61)|(234)|512|5,172| ## ## ## ## ## ## ## ## ## ## ## ||||||| |---|---|---|---|---|---| |ANALYSIS OF CHANGES|IN NET DEBT||||| |||Asat1
September
2021|Cash flows|Other non-
cash
changes|As at 31
August 2022| |||f.'000|K'000|E'000|8'000| |Cash and cash equivalents|||||| |Cash||13,370|2,283||15,653| |||13,370|2,283||15,653| |Borrowings|||||| |Debt due within one year||(6,861)|(461)||(7,322)| |Debt due after one year||(22,801)|14||(22,787)| |||(29,662)|(447)||(30,109)| |Total||(16,292)|1,836||(14,456)| |||As at 1
September
2020|Cash flows|Other non-
cash
changes|As at 31
August 2021| |||F'000|L"000|5'000|f'000| |Cash and cash equivalents|||||| |Cash||11,482|1,888||13,370| |||11,482|1,888||13,370| |Borrowings|||||| |Debt due within one year
Debt due after one year||(6,704)
~23,790|(157)
989||(6,861)
~22,0017| |||(30,494)|832||(29,662)| |Total||(19,012)|2,720||(16,292)| ## ## ## ## ## ## ## ## ## |||||2022|2021| |---|---|---|---|---|---| |||||6'000|F'000| |Gift Aid receivable|from Caterham||School Trading
Limited||21| |Balance owed by|Caterham|School|Enterprises
Limited|17|17| |Balance owed by|Caterham|School|Trading
Limited|149|151| |Balance owed by|Caterham|School|Ed-Tech Limited|13|12| |Balance owed by|Caterham|School|Virtual|16|| |Balance owed to Caterham||School|International
Limited|62|62| ## ## ||||2022|2021| |---|---|---|---|---| ||||'Z'000|f.'000| |Income|||47|69| |Expenditure|||(20)|(67)| |Net movement||in funds|27|| ||||2022|2021| ||||f'000|F'000| |Current assets||||112| |Liabilities||||(4)| |Net Assets||||108| |Unrestrcited|Funds|||108|