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|---|---|---|---|---|
|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|
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|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||||
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||||||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|Position|||
|---|---|---|---|---|---|
|||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|
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|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|
##
##
##
##