2022-08-31-accounts - Clifton College Development Trust

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DIRECTORSandTRUSTEES	MrSABrewer
	MrTCBElliott
	MrJWGlassberg
	MrGMcEvoy
	MrAWMorgan
	MrGPalmer
	MrNCTolchard(resigned 13/02/23)
	Dr AJRivlin
	MrMSMorjaria
	MsSDose(resigned15/10/21)
SECRETARY	MrsGemmaRudrum
COMPANYNUMBER	07441431
CHARITYNUMBER	1140132
PRINCIPALANDREGISTERED	32CollegeRoad
OFFICE	Bristol
	BS83JH
BANKERS	HSBCBankpic
	CabotCircus
	62,GeorgeWhiteStreet
	Bristol,BS16DZ
SOLICITORS	VealeWasbroughVizards
	NarrowQuayHouse
	NarrowQuay
	BristolBS14QA
INDEPENDENTEXAMINER	GuyBigginFCCA,ACA
	CroweU.K.LLP
	4hFloor
	StJamesHouse
	StJamesSquare
	Cheltenham
	GL503PR

DocuSign Envelope ID: BF296F11-89E5-425E-868E-EEDC0F40028F

CLIFTON COLLEGE DEVELOPMENT TRUST A COMPANY LIMITED BY GUARENTEE REGISTERED NUMBER 07441431

Independent examiner's report to the trustees of Clifton College Development Trust

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2022, which are set out on pages 4 to 12.

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company's trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might state to the charitable company's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company's members as a body and the charitable company's trustees as a body for my independent examiner's work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Guy Biggin FCCA, ACA Crowe U.K. LLP 4[th ] Floor St James House St James Square Cheltenham GL50 3PR

Date: 29 June 2023

Page 3

		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
				2022	2021
	Notes	£	£	£	£
INCOME
Donationsandlegacies	4	89,209	15,099	104,308	77,559
FundraisingActivities GolfDay		2,033	-	2,033	2,122
InvestmentIncome	5	206	-	206	-
TotalIncome		91,448	15,099	106,547	79,681
EXPENDITUREON:
RaisingFunds Charitableactivities		(5,442) (71,729)	- (20,763)	(5,442) (92,492)	(5,065) (121,753)
TotalExpenditure	6	(77,171)	(20,763)	(97,934)	(126,818)
NETMOVEMENTINFUNDSFOR
THEYEAR	9	14,277	(5,664)	8,613	(47,137)
RECONCLILATIONOFFUNDS:
FUNDSBROUGHTFORWARDAT1		13,348	93,773	107,121	154,258
SEPTEMBER2021
FUNDSCARRIEDFORWARDAT31		27,625	88,109	115,734	107,121
AUGUST2022

		2022	2021
	Note
CURRENTASSETS
Cashatbank		202,558	96,894
Debtors		10,799	19,427
Prepayments			2,400
		213,357	118,721
CURRENTLIABILITIES Creditorspayablewithinoneyear		(97,623)	(11,600)
NETASSETS		115,734	107,121
RESTRICTEDFUNDS	10	88,109	93,773
UNRESTRICTEDFUNDS	12	27,625	13,348
TOTALFUNDS		115,734	107,121

	Unrestricted	Restricted	TotalFunds	TotalFunds
	Funds	Funds	2022	2021
Donations Legacies	89,209 -	15,099 -	104,308 -	77,559 -
Total	89,209	15,099	104,308	77,559
NVESTMENTINCOME
			2022	2021
Bankinterest			206	-
Total			206	-

	Unrestricted	Restricted	Total	Total
	Funds	Funds	2022	2021
RaisingFunds
Fundraisingand	5,442	-	5,442	5,065
Development
Total	5,442	-	5,442	5,065
CharitableActivities
Scholarshipsand	67,504	-	67,504	120,000
Bursaries
Swimmingpool	-	14,852	14,852	-
NewFieldCricketNets	-	-	-	1,253
Rowingboats	-	2,727	2,727	-
Othercharitable	3,185	-	3,185	-
expenditure
PPE	-	3,184	3,184	-
GovernanceCosts	1,040	-	1,040	500
Total	71,729	20,763	92,492	121,753

	2022	2021
TradeDebtors(incGiftAid) SundryDebtorsandprepayments Total	10,799 : 10,799	19,427 2,400 21,287
REDITORSDUEWITHIN1YEAR
	2022	2021
TradeCreditors	97,623	11,600
OtherCreditorsandAccruals Total	97,623	11,600

MOVEMENTINFUNDS
	At	1September	Income	Expenditure	At31August
		2021			2022
RestrictedFunds		93,773	15,099	(20,763)	88,109
UnrestrictedFunds		13,348	91,448	(77,171)	27,625
Total		107,121	106,547	(97,934)	115,734

	At1September	Income	Expenditure	At31
	2020			August
				2021
RestrictedFunds	77,368	17,658	(1,253)	93,773
UnrestrictedFunds	76,890	62,023	(125,565)	13,348
Total	154,258	79,681	(126,818)	107,121

ESTRICTEDFUNDS
	At1		Income		Expenditure		At31
	September						August2022
	2021
CapitalBuildingFund	26,250			-	(14,852)		11,398
HarpsichordFund	1,250			-		-	1,250
RedgraveProjectorFund	375			-		-	375
GrandPianoFund	188			-		-	188
Sailing/RowingFund	7,359			-	(2,727)		4,362
GirlsDayHouseFund	12,500			-		-	12,500
SchoolHouseFund	819			-		-	819
NewFieldCricketFund	5,275			-		-	5,275
SENFund		-	1,999			-	18,468
PPEFund	18,468			.	(3,184)		15,284
WatsonFootballTable	631			-		-	631
Fund	3,000			.		-	3,000
TapTwinningFund
HughHarperFund	1,683			-		-	1,683
HSWJTrustFund	12,500		12,500			-	25,000
CricketScoreboard	3,000			-		-	3,000
StanfordAward	475		600			-	1,075
Total	93,773		15,099		(20,763)		88,109

iorYearRestrictedFunds
	At1		Income	Expenditure	At31
	September				August2021
	2020
CapitalBuildingFund	26,250		-	-	26,250
HarpsichordFund RedgraveProjectorFund GrandPianoFund Sailing/RowingFund	1,250 375 188 7,359		- - - -	- - - -	1,250 375 188 7,359
GirlsDayHouseFund SchoolHouseFund	12,500 819		- -	- -	12,500 819
NewFieldCricketFund	6,528		-	(1,253)	5,275
PPEFund WatsonHouseFootball	18,468 631		- -	- -	18,468 631
Tablefund
TapTwinningFund	3,000		-	-	3,000
HughHarperFund HSWJTrustFund CricketScoreboard SirCharlesVillers		- - - -	1,683 12,500 3,000 475	- - - -	1,683 12,500 3,000 475
StanfordAward
Total	77,368		17,658	(1,253)	93,773

NRESTRICTEDFUNDS
	At1	Income	Expenditure	Fund	At31
	September			Transfer	August
	2021				2022
Scholarshipsand	13,348	91,448	(77,171)	-	27,625
Bursaries
Total	13,348	91,448	(77,171)	-	27,625