2022-08-31-accounts - Exeter Cathedral School

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			Page
Report ofthe Trustees		1	to	18
Report ofthe Independent Auditors		19	to	22
Statement of Financial	Activities		23
Statement of Financial	Position		24
Statement ofCash Flows			25
Notes to the Statement	ofCash Flows		26
Notes to the Financial	Statements	27	to	41

wwwexetercath r Is hopi. vigy8r„~xte~r. odrg	co.uk
Trustees
D J Phillips (Chairman)	Director
R R Biggs	Director
J M Sugden	Director
N R Pockett	Director
Very Revd J Greener	Director
Canon J Mustard	Director
Canon J Ellis	Director
Prof M Totterdell	Director
C EBeer	Director
N S Mitchell	Director
C R A Kisllngbury	Director
S Lockwood	Director	Appointed	02/12/2021
N Cowling	Director	Appointed	02/12/2021
Headmaster
J M Featherstone
Company Secretary
SJ A M Webber

					2022	2021
			Unrestricted	Restricted	Total	Total
		Notes	funds	fund f	funds f	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	5,749	2,500	8,249	67,639
Charitable activities
Gross charitable activity Income			2,834,188		2,834,188	2,463,843
Other trading activities		3	11,029		11,029	6,488
Investment income		4	4,838	4,983	9,821	9,168
Total			2,855,804	7483	2863287	2547138
EXPENDITURE ON
Raising funds
Charitable activities
Gross charitable activity costs			2,818,565	13,492	2,832,057	2,479,724
Total			2818565	13492	2832057	2479724
Net gains/(losses) on investments			~70477)	~26 04~)	~35,571)	50 626
NET INCOME/(EXPENDITURE)			26,768	(32,049)	(5,281)	118,040
RECONCILIATION OF FUNDS
Total funds brought for)Nard			420,001	328,858	748,859	630,819
TOTAL FUNDS CARRIED FORWARD			446 769	296,809	743,578	748,859

		Statement of Financial
		31 August 2022
			2022	2021
		Notes	6	6
FIXEDASSETS
Intangible assets		12	950	3,805
Tangible assets		13	651,767	636,145
Investments		14	416,359	449 473
			1,069,076	1,089,423
CURRENT ASSETS
Stocks		15	12,262	5,1ee
Debtors		16	546,898	418,597
Cash at bank and	in hend		380,778	463,951
			939,938	887,734
CREDITORS
Amounts falling due within one year		17	(1,145,946)	(1,089,897)
NET CURRENT ASSETS			~206,008)	~202,163)
TOTAL ASSETS	LESS CURRENT
LIABILITIES			863,068	887,260
CREDITORS
Amounts falling due after more than		one
year		18	(119,490)	(136,901)
PROVISIONS FOR LIABILITIES		22		(1,500)
NET ASSETS			743 576	748,859
FUNDS		24
Unrestricted funds			446,769	420,001
Restricted funds			296 809	328,858
TOTAL FUNDS			743,578	748,859

				2022	2021
		Notes		6	6
Cash flows from operating		activities
Cash generated from operations			1	(5,574)	261,611
Interest paid Finance costs paid				~3,281)	~2587)
Net cash (used in)/provided		by operating	activities	~8,855)	259,023
Cash flows from investing		activities
Purchase of tangible fixed assets				(81,071)	(34,328)
Purchase of fixed asset investments				(12,086)	(21,943)
Sale offixed asset investments				11,451	2,293
Interest received					619
Dividends received				7,388	8,548
Net cash used in investing	activities			~74 318)	~44 811)
Change ln cash and cash In the reporting period		equivalents		(83,173)	214,212
Cash and cash equivalents beginning ofthe reporting		at the period		463 951	249,739
Cash and cash equivalents		at the end
ofthe reporting period				389778	463951

RECONCILIATION ACTIVITIES	OF		NET	(	EXPENDITURE)	/INCOME TO NET CASH	FLOW FROM	OPERATING
							2022 f	2021 f
Net (expenditure)/Income				for the reporting		period (as per the
Statement of Financial			Activities)				(5,281)	118,040
Adjustments for:
Depreciation charges							65,449	65,041
Losses/(gain) on investments							36,509	(37,231)
Interest received							(1,021)	(619)
Finance costs							2,954	5,397
Dividends received							(8,800)	(8,548)
Amortisation charges							2,855	2,855
Increase in stocks							(7,075)	(1,357)
Increase in debtors							(128,300)	(69,832)
(Decrease)/increase	in	creditors					37 136	187864
Net cash (used In)/provided					by operations		~5,5747	261,611
ANALYSIS OF CHANGES				IN	NET FUNDS
						At 1.9.21	Cash flow	At 31.8.22
						f	f	f
Net cash
Cash at bank and in	hand					463 951	~83 173)	380778
						463951	~83, I 73)	380,778
Debt
Debts falling due within Debts falling due after		1	1 year year			(9,507) ~40,493)	2,400 ~2,400)	(7,107) ~42,893)
						~50 000)		~50 000)
Total						413,951	~83,174)	330,777

INVESTMEN	T INCOME
				2022 f	2021f
Income from	listed investments			8,800	8,549
Deposit account interest				1,021	619
				9821	~9168
INCOME FROM CHARITABLE		ACTIVITIES
				Year	Year
				ended	ended
				31.8.22	31.8.21
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		f	f	f	f
Gross fees		3,080,860		3,080,860	2,683,967
Discounts		(245,247)		(245,247)	(225,049)
Bursaries		(111,195)		(111,195)	(90,658)
Boarding		73,752		73,752	47,495
Breakfast club		3,945		3,945	1,568
After school	care	27,931		27,931	36,707
Registration	fees	3,450		3,450	7,369
Income from	extra activities	691		691	2,445
		2,834,187		2 834 187	2463843

Opening	stock
Purchases
Closing	stock

				Year	Year
				ended	ended
				31.8.22	31.8.21
		Unrestricted	Restricted	Total	Total
		funds f	funds f	funds f	funds f
Educational		2,103,264	2,500	2,105,764	1,752,014
Boarding					3,397
After school	care				22,792
Domestic and catering		477,635		477,635	419,948
Maintenance		42.204	9.379	41,098	107,637
Administration		176.924		151,414	152,915
Governance costs Finance costs		13.916 4 622	1,613	14,370 ~2811	14,370 6 651
		2 618565	13492	2 832 657	2 479 724

Net incom	e/(expenditur	e) is stated	after charging/(crediting):
				2022	2021
				f	f
Depreciation - owned		assets		65,449	65,041
Computer	software amortisation			2,855	2,855
Auditors	remuneration			5,755	5,482
Auditors	remuneration	—non-audit	services	8 161	8,888

			2022	2021
			6	f
Wages	and salaries	1,566,293		1,400,832
Social	security costs		155,198	126,772
Other	pension costs		201,009	163,435
		1	922 500	1 691 039

2022	2021
62	60

			2022	2021
660,001	-	670,000	2	2
680,001	-	690,000	1	1

			Unrestricted	Restricted	Total
			funds	fund	funds
			f	f	f
INCOME AND	ENDOWMENTS	FROM
Donations and	legacies		42,772	24,867	67,639
Charitable activities
Gross charitable activity income			2,463,843		2,463,843
Other trading	activities		6,488		6,488
Investment income			4 230	4 933	9,168
Total			2,517,333	29,805	2,547,138
EXPENDITURE ON
Raising funds

11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES - continued
			Unrestricted	Restricted	Total
			funds f	fund	fundsf
	Charitable activities
	Gross charitable activity costs		2471 212	8512	2 479 724
	Total		2 471 212	8,512	2479 724
	Net gains on investments		29,982	20,645	50,627
	NET INCOME		76,102	41,938	118,040
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	343,899	286,920	630,819
	TOTAL FUNDS CARRIED FORWARD		420,001	928 858	748,859
12.	INTANGIBLE FIXEDASSETS
					Computer
					software
	COST
	At 1 September 2021 and
	31 August 2022				14,274
	AMORTISATION
	At 1 September 2021				10,469
	Charge for year				2 855
	At 31 August 2022				13,324
	NET BOOKVALUE
	At 31 August 2022				950
	At 31 August 2021				3,805

				Fixtures
		Short	Plant and	and
		leasehold f	machinery 6	fittings 6
COST
At 1 September 2021		742,320	48,271	175,089
Additions				43 007
At 31 August	2022	742,320	48,271	218,096
DEPRECIATION
At 1 September 2021		196,338	24,223	128,347
Charge for year		32,278	8,913	11,899
At 31 August	2022	228,616	33136	~140 246
NET BOOK	VALUE
At 31 August	2022	513,704	15,135	77,850
At 31 August	2021	545,982	24,048	~46 742
		Motor	Computer
		vehicles f	equipment f	Totals 6
COST
At 1 September 2021		28,183	84,678	1,078,541
Additions			38 064	81 071
At 31 August	2022	28,183	122,742	1,159,612
DEPRECIATION
At 1 September 2021		14,214	79,274	442,396
Charge for year		3,492	8,867	65449
At 31 August	2022	17706	~88 141	507,845
NET BOOK	VALUE
At 31 August	2022	10,477	34,601	651,767
At 31 August	2021	13,969	5,404	636,145

FIXEDASSET INVESTMENTS
		Listed
		investments
		6
MARKET VALUE
At 1 September 2021		449,473
Additions		12,085
Disposals		(16,009)
Revaluations		~29,190)
At 31 August 2022		416,359
NET BOOKVALUE
At 31 August 2022		416359
At 31 August 2021		449 473
There were no fixed asset investments	outside of the UK.

Valuation	in	2022
Cost

that form the overall change in value. A reconciliatio	n ofthese figures is a	s follows:
Realised gains/(losses) on fixed asset investments	per SoFA	(36,511)
Capital introduced
Income from listed investments		(8,800)
Investment management fees		2,954
Cash cost of additions
Cash proceeds of disposals
(Profit)/Loss on disposals
Change in investment value arising from cash drawings		13,167
Actual change in value offixed asset investments		~29,199i

15.	STOCKS
				2022 f	2021
	Stocks			12262	5 186
16.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
				2022	2021
				f	f
	Trade debtors			478,737	343,765
	Other debtors			8,169	6,282
	Prepayments			59,992	68,550
				546 898	418597
17.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2022 f	2021 f
	Bank loans and overdraRs		(see note 20)	7,108	9,507
	Trade creditors			68,356	67,887
	Social security and other		taxes	39,027	33,678
	Other creditors			30,443	28,458
	Deferred income			973,365	927,880
	Accrued expenses			27,647	22,487
				1 145946	1 989897


CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
			2022	2021 f
Bank loans (see note	20)		42,893	40,493
Other creditors			65,380	62,502
Deposits and deferred	income		11217	33,906
			~119490	~136901

An analysis of the maturity	of	loans is given below:
			2022	2021
			f
Amounts falling due within	one year on demand:
Bank loans			7 108	9,507
Amounts falling between	one	and two years:
Bank loans - 1-2 years			9,687	9,747
Amounts falling due between		two and five years:
Bank loans -2-5 years			33,206	30,746

Minimum lease payments under non-cancellable ope	rating leases fall due as followtn
	2022		2021 f
Within one year	70,347		61,650
Between one and five years	236,941		233,229
In more than five years	684,725		741,425
	992013	1	036 304

	The following secured de	bts are included within creditors:
				2022	2021
				F	f
	Bank loans			50000	~50 000
	The bank loan is secured	by a charge over the investments	of the charity.
22.	PROVISIONS FOR LIABILITIES
				2022	2021
				6	6
	Provisions				1 500

ANALYS	IS OF NET ASSETS B	ETWEEN FUNDS
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
		f	f	f	f
Fixed assets		609,753	42,964	652,717	639,950
Investments		206,763	209,596	416,359	449,473
Current	assets	895,689	44,249	939,938	887,734
Current	liabilities	(1,145,946)		(1,145,946)	(1,089,897)
Long term liabilities Provision for liabilities		(119,490)		(119,490)	(136,901) ~1,500)
		446,769	296 809	743 578	748 859

			Net	movement	movement	between	funds
		At 1.9.21 f			in funds f			At 31.8.22 f
Unrestricted funds
General fund		420,001			26,768			446,769
Restricted funds
Restricted other income		328,858			(32,049)			296,809
TOTAL FUNDS		748,859	~5281)					743,578
Net movement In funds induded		in the above are as	follows:
		Incoming	Resources			Gains	and	Movements
		resources f		expended f		losses f		In funds f
Unrestricted funds
General fund		2,855,804	(2,818,565)			(10,471)		26,768
Restricted funds
Kalendar Hall donations
fund					(2,434)			(2,434)
Hall House playground
fund					(3,075)			(3,075)
Thomas Franks Kitchen
fund					(3,870)			(3,870)
Hockey fund		2,500			(2,500)
S.F.I.A Educational fund	Trust	4983	~7673)			~26039)		~24 019)
		7483	~,		73492)	~26039		~32,049)
TOTAL FUNDS		2 863 287	~2,832,057)			~36,571)		5,281
Comparative:
			Net		movement	between	funds
		At 1.9.20			in funds f			Al 31.8.21
Unrestricted funds
General fund		343,899			76,102			420,001
Restricted funds
Restricted other income		286,920			41,938			328,858
TOTAL FUNDS		630,819			118,040			748,859

Net mov	ement in	f	unds included	in the above are as	follows:
				Incoming	Resources		Gains and	Movements
				resources	expended f		losses 8	in funds 6
Unrestricted funds
General	fund			2,517,333	(2,471,212)		29,982	76,102
Restricted funds
Minibus	donations		fund	(2,040)				(2,040)
Library donations		fund
Kalendar	Hall donations
fund					(3,245)			(3,245)
Hall House playground
fund					(3,075)			(3,075)
Thomas	Franks Kitchen
fund				26,907	(628)			26,279
Hockey equipment S.F.I.A Educational fund			fund Trust	4938 29,805	~),564) ~8,5)2)		20645 20,645	24019 41,938
TOTAL	FUNDS			2,547,138	~2497247) ,	,	50627	118,040