| 2022 | 2022 | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | Funds | Funds | ||
| Notes | f. | K | |||
| income and endovvments | |||||
| from: | |||||
| Donations and legacies |
43,890 | 224,436 | 268,326 | 6,263 | |
| Investments | 105,008 | 65,283 | 170,291 | 140,210 | |
| Total | 148,898 | 289,719 | 438,617 | 146,473 | |
| Lrxpenditure on: |
|||||
| Raising funds | 31,807 | 19,775 | 51,582 | 59,578 | |
| Charitable activities |
72,675 | 239,546 | 312,221 | 70,850 | |
| Total | 104,482 | 259,321 | 363,803 | 130,428 | |
| Net income | 44,416 | 30,398 | 74,814 | 16,045 | |
| Other gains and losses: | |||||
| Exchange rate gains/(losses) | 731 | 454 | 1,185 | (7,307) | |
| (Losses)/gains on investments |
(590,416) | (351,950) | (942,366) | 1,706,135 | |
| Net movement in funds |
(545,269) | (321,098) | (866,367) | 1,714,873 | |
| Transfers betiveen funds |
|||||
| Total funds at I September | 5,548,924 | 3,449,743 | 8,998,667 | 7,283,794 | |
| Total funds at 31August | 8 | 5003655 | 3 128 645 | 8 132300 | 8998667 |
| 2021 | 2021 | 2021 | 2020 | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | I'naris | Bands | ||
| f, | f. | ||||
| Income and endowments | |||||
| from: | |||||
| Donations aud legacies |
13 | 6,250 | 6,263 | 63,398 | |
| Investments | 86,902 | 53,308 | 140,210 | 138,137 | |
| Other | |||||
| 86,915 | 59,558 | 146,473 | 201,535 | ||
| Expendttm'e on: |
|||||
| Raising funds | 40,728 | 18,850 | 59,578 | 59,024 | |
| Charitable activities |
64,600 | 6,250 | 70,850 | 09,092 | |
| Total | 105,328 | 25,100 | 130428 | 158116 | |
| Net income | (18,413) | 34,458 | 16,045 | 43,419 | |
| Other gains and losses: | |||||
| Exchange rate losses | (4,529) | (2,778) | (7,307) | (5,361) | |
| Gains on investments | 1,057,463 | 648,672 | 1,706,135 | 110,589 | |
| Net movement in funds |
1,034,521 | 680,352 | 1,714,873 | 148,647 | |
| Transfers between |
funds | ||||
| Total funds at I September | 4,514,403 | 2,769,391 | 7,283,794 | 7,135,147 | |
| Total funds at31August | 5,548,924 | 3,449,743 | 8,998,667 | 7,283,794 |
| TH | E VEN | ERABLE ENGLISH COLLEGE | ERABLE ENGLISH COLLEGE | TRUST | |||
|---|---|---|---|---|---|---|---|
| Balance sheet as at 31August 2022 |
|||||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | Funds | Funds | ||||
| B | |||||||
| Notes | |||||||
| Fixed assets | |||||||
| investments | 4,941,086 | 3,131,961 | 8,073,047 | 9,054,908 | |||
| Current assets | |||||||
| Cash at. bank and in | hand | 1,065,033 | 1,065,079 | 909,732 | |||
| 1,065,033 | 46 | 1,065,079 | 909,732 | ||||
| Creditors: | amounts | falling | |||||
| due within | one year | 7 | (1,002,464) | (3,362) | (1,005,826) | (965,973) | |
| Net current | 62,569 | (3,316) | 59,253 | (56,241) | |||
| assets/(liabilities) | |||||||
| Total assets less cunent | 5,003,655 | 3,128,645 | 8,132,300 | 8,998,667 | |||
| liabilities | |||||||
| Funds | 5,003,655 | 3,128,645 | 8,132,300 | 8,998,667 |
| 2022 | 2022 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| K | f, | |||||||
| Investment | management | fees | 31,807 | 19,775 | 51,582 | 49,578 | ||
| Archive appeal fund raising |
10,000 | |||||||
| expenditure | ||||||||
| 31,807 | 19,775 | 51,582 | 59,578 | |||||
| Charitable | activities | |||||||
| Donations | to | The | ||||||
| Venerable | English College | 63,890 | 239,546 | 303,436 | 66,250 | |||
| Support and |
governance | costs | 8,785 | 8,785 | 4,600 | |||
| 72,675 | 239,546 | 312,221 | 70,850 | |||||
| Support and |
governance | costs | included | in the above; | ||||
| Legal and | professional | fees | 425 | |||||
| Accountancy | fees | 1,028 | 1,028 | |||||
| Audit fees | 3,810 | 3,810 | 3,720 | |||||
| Bank charges | 322 | 322 | 229 | |||||
| Trustees' | expenses | 2,940 | 2,940 | |||||
| Other expenses | 685 | 685 | 226 | |||||
| 8,785 | 8,785 | 4,600 |
| Market value at 1 | Market value at 1 | Market value at 1 | September | 8,617,520 | 7,088,575 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Additions | 702,050 | 1,000,196 | ||||||||
| Disposals | (507,897) | (1,038,450) | ||||||||
| Unrealised | investment gains/(losses) |
(987,093) | 1,567,199 | |||||||
| Market value at 31August | 7,824,580 | 8,617,520 | ||||||||
| Unlisted | investments: Cash balances |
248,467 | 437,388 | |||||||
| Total investments | at 31 August | 8,073,047 | 9,054,908 | |||||||
| Historical | cost of | quoted investments |
at | 31 August | 5,342,750 | 5,048,137 | ||||
| Material | items over 5%ofthe | portfolio: | ||||||||
| Findlay Park PLC | —American | Fund | Unhedged | 633,147 | 623,000 | |||||
| (USD) | ||||||||||
| Creditors: amounts falling due |
within | one year | ||||||||
| 2022 | 2022 | 2022 | 2021 | |||||||
| Unrestricted | Restricted | Total | Total | |||||||
| funds | funds | Funds | funds | |||||||
| f, | ||||||||||
| Accruals | and deferred income |
9,466 | 3,362 | 12,828 | 100,370 | |||||
| Other creditors | 992,998 | 992,998 | 865,603 | |||||||
| 1,002,464 | 3,362 | 1,005,826 | 965,973 | |||||||
| 2022 | 2021 | |||||||||
| Deferred | income | movement | ||||||||
| Deferred | income | at 1 September | 84,280 | 70,890 | ||||||
| Deferred | in the current year | 13,390 | ||||||||
| Amounts | released | from previous | years | (84,280) | ||||||
| Deferred | income | at 31 August | 84,280 |