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|||||Notes|Unrestricted|Restricted|Endowment|2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Funds|||
|||||||||f|8|
|Income and endowments||from:||||||||
|Donations snd legacies||||2|225,110|25,000||250,110|220,294|
|Investment
income||||3|942,700|9,684||952,384|782,545|
|Total|||||I 167810|34684||1202 494|1002,839|
|Expenditure
on:||||||||||
|Raising fuada||||||||||
|Investment &property management|||costs||179,800||34,648|214,448|254,846|
|Charitable
activities||||||||||
|School beneficiaries|||||820,769|34,684|167,864|1,023,316|1,013,620|
|Supporting
young people in||Southwark|||140,199|||140,199|102,006|
|Total|||||I140767|34684|202 512|I 77963|1370,472|
|Net (expenditure)/income||before||||||||
|gains and losses on investments|||||27,043||( 202,512)|( 175,469)|( 367,633)|
|Nei gains on investment|assets|||12&13|122,902||286,738|409,640|1,731,459|
|Net income for the year||||||||||
|being net movement|on|funds|||149,945||84,226|234,171|1363,826|
|Balances at I' April 2021|||||2,417,620|100,000|24,654,864|27,172,484|25,808,658|
|Balances at 31u March|20ZZ||||2 567 565|100000|24739090|Z7,406,655|27172484|
##
||Notes|2022|2021|
|---|---|---|---|
|Fixed assets||||
|Tangible fixed assets|10|5,292,467|5,460,331|
|Works ofart|11|100,000|100,000|
|Investment
properties|12|14,100,000|14,000,000|
|Financial investments|13|8,261,960|7,910,454|
|Total fixed assets||27,754,427|27 478 785|
|Current assets||||
|Debtors||206,497|268,783|
|Short term investments||493,448|453,884|
|Cash at bank and in hand||92,179|616,040|
|Total current assets||792,124|1438,707|
|Liabilities||||
|Creditors falling due within one year|15|( 1,139,896)|( 1,637,008)|
|Net current liabilities||(347,772)|(298801)|
|Total assets less current liabilites||27,406,655|27,172,484|
|Net assets||27,406,655|27 172,484|
|Funds|17tk 18|||
|Endowment
funds||24,739,090|24,654,864|
|Restricted funds||100,000|100,000|
|Unrestricted
funds||2,567,565|2,417,620|
|||27,406,655|27 172,484|
||||2022|2022|2021||
|---|---|---|---|---|---|---|
|Net income per SOFA||||234,171||1,363,826|
|Adjustments
for:|||||||
|Depreciation|||167,864||167,864||
|Interest and dividends|received||( 176,777)||( 136,128)||
|(Gain) on investment|assets||( 409,640)||( 1,731,459)||
|(Gain) on investment|assets held|on behalf ofschools|( 39,564)||( 90,557)||
|Uncrease)
in debtors
(Decrease)9increase
in|creditors||62,286
~499. 2||( 168,397)
517,918||
|||||( 892,943)||( 1,440,759)|
|Net cash from finance activities||||( 658,772)||( 760O3)|
|Cash flows from investing
activities|||||||
|Interest and dividends|received||176,777||136,128||
|Purchase offinancial
investments
Purchase ofinvestment
property
Disposals offinancial
investments|||( 3,049,698)
( 92,777)
3,170,954||( 2,953,563)
( 415,768)
2,197,513||
|Disposai ofinvestment|property||||, 428 952||
|||||205456||103,262|
|Change ia cash and cash equivalents||in the|||||
|reporting period||||( 453,516)||26329|
|Cash and cash equivalents
at|the beginning ofthe||||||
|reporting
period||||659,064||632,735|
|Cash and cash equivalents
at the ead||ofthe|||||
|reporting
period||||205,548||059064|
|Analysis ofcash and cash equivalents|||||||
|Cash in Hand||||92,179||616,040|
|Beafing account deposit||||113,369||43,024|
|Total cash and cash equivalents||||20 50||659064|
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||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||The Dulwich Estate - annual||||distribution||||225,110|202,394|
||Donations||to StSaviour's|School||Headteacher's||Funds|25,000|17,900|
||||||||||250,110|220,294|
|3|Investment||income||||||||
||||||||||2022|2021|
||Dividends|snd interest on||financial||investments|||167,093|126,550|
||Property income||||||||775,607|646,417|
||St Saviour's||School Headteacher's|||Fund|||4,740|4,210|
||St Otave's Grammar
School Headmaster's||||||Fund|||5,368|
||||||||||952,384|78.5 5|
|4|Investment||&property|management|||costs||||
||||||||||2022|2021|
||Investment||management|fee|||||51,429|41,163|
||Duect property management||||costs||||163,019|213,683|
||||||||||214448|254 846|
##
||||Period Ended|3In March 2022||
|---|---|---|---|---|---|
|5 Grants Payable||||||
|||||2022|2021|
|||||8
g|8|
|The amount payable
in the|year compnses|||||
|St Oiave's tk St Saviour's Gtammar School||||320,184|320,184|
|St Saviour's &St Olave's School
Total Schools||||343,830~664014|343,822~664006|
|Southwsrk
Cathedml's
Choirs||||12,291|12,050|
|Foundation
Fund Grantst||||||
|Grants to tndividuals
(2022:||30,202!:23 Individuals)||32,959|24,796|
|Grants to Organisations||||||
|acetUK||||2,000|1,500|
|Afm-Brazilian
Arts dcCu)turn)|||Exchange|1,000|0|
|Angel Oak Academy||||2,000|0|
|Bede House Association||||6,000|0|
|Bethwin Road Playground||||3,000|0|
|Bomugh Music School||||0|1,950|
|Bridge the Gap Studios||||'2,000|0|
|Butler's Wharf Riverside Trust||||1,000|0|
|Camberwell
After School Pmject||||3,000|3,000|
|Crsmpton
Primary School|||||2,000|
|Colombo Street Community||dt|SparS Centre|6,000|0|
|Dream, Believe, Achieve||||0|2,290|
|Downside
Fisher Youth Club||||3,000|0|
|Fairbeats Music||||2,000|0|
|Friars Primary Scbool||||2,000|0|
|Friends ofDog Kennel Hill|Primary School|||1,530|0|
|Friends ofGageywall
Nature||Ressve||0|3,200|
|Ignite Hubs||||3,000|3,000|
|Let Me Know||||1,000|0|
|Listening Books||||1,500|0|
|Landon South S~hool Teaching|||Alliance|3,000|0|
|LyndhustPrimsry
School||||2,000|0|
|National
Theatre||||0|1,500|
|National
Youth Theaue ofGreat Britain||||0|3,000|
|Pembmke
House||||1,000|0|
|Phoenix Explorer Scout Gmup||||3,000|0|
|Phoenix Place||||0|11,530|
|Purple Ladies||||0|1,500|
|Resources for Autism||||0|1,500|
|Siblings Together||||0|3,000|
|Southwark
Playhouse||||2,000|0|
|Southwark
Tigers Rugby Club||||0|2,000|
|StMary Magdalene
Pnmmy|School|||3.000|0|
|StSaviour's tk St Oiave's School||||7,000|8.000|
|Step Out Mentoring||||2,910|0|
|Team up for Social Mobility||||1,500|0|
|Waterloo Coomumty
Theatre||||2,770|0|
|Westminster
House Youth Group||||3,000|3,000|
|Is Southwark
Scouts
16
Bermondsey
Scouts||||1,000
~2345|0
0|
|||||74,555|51,970|
|Grants under 61,000(2022:5,2021'.4, organ isations)||||3,730|3,525|
|Cancelled Grants||||(753)|(7,476)|
|Total supporting
yeung||people in Southwark||122,782||
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|9 Analysis|ofstaff|costs|||
|---|---|---|---|---|
||||2022|2021|
|Salaries|||101!,122|104,100|
|Employer's|National|Insurance|8,480|7,941|
|Pension contributions|||10,562|10,410|
|Life assurance|||1,107|964|
||||~1?8271|~I?3415|
##
##
|||Freehold|Furniture|Computer|Total|
|---|---|---|---|---|---|
|||Land and buildings|di Fittings|Hardware||
|||(used by Schools)||||
|Cost||||||
|Accumulated|depreciadon|||||
|At in April 2021||2,932,894|6,092|7,498|2,946,484|
|Charge foryear||167,864|||167,864|
|At 31"March|2022|||||
|Net book values||||||
|At
1o April 2021||5,460,331|||5,460,331|
|At 31oMarch|2022|5,292,467|||~5292 467|
##
||works ofart during the period. The works ofart, wh|ich are not regarded as heritage|
|---|---|---|
|12|investment
Properties||
|||Total|
||Valuation||
||Ai le Apti1 2021|14,000,000|
||Additions|100,000|
||At31
March 2022|~14 100000|
||Historleal Cost||
|At 1"April 2021||7,974,258|
|Additions||92,777|
|Historical Cost at31 March 2022||8067035|
##
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##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|(3|6016
t
t
Market value ofinvestments|||at I"April|2021|7,867,430|5,603,129|
||Additions|||||3,049,698|2,953,563|
||Disposals proceeds|||||( 3,170,954)|( 2,197,513)|
||Net realised snd unrealised||investment||gains|402,417|1,508,251|
||Market value ofinvestments|||at 31' March 2022||8,148,591|7,867,430|
||Historical cost at 31|March 2022||||6,651,137|5,586,641|
||Investment
cash|||||||
||Opening investment|cash||||43,024|237,132|
||Cash withdrawn||||||( 500,000)|
||Cash added||||||1,100,000|
||Disposal proceeds|||||3,170,954|2,197,513|
||Cost ofadditions|||||( 3,049,698)|( 2,953,563)|
||Investment
management
fees|||||( 50,911)|( 38,058)|
||Investment
cash at 31"March|||2022||113369|43,024|
|||||||2022|2021|
|(b)|Financial investments
com||rise|||||
||British Government|and other||||||
||frxed interest stocks|||||381,093|377,395|
||Equities (UK and overseas)|||||7,767,498|7,490,035|
|||||||8,148,591|7,867,430|
||Deposits and cash awaiting||investment|||113,369|43,024|
|||||||6,261,960|7,910434|
|14|Debtors|||||||
|||||||2022|2021|
||Prepayments|||||48,781|41,781|
||Rents receivable and|other debtors||||157,716|227,002|
|||||||206,497|268,783|
##
##
|||||||||2022|2021||
|---|---|---|---|---|---|---|---|---|---|---|
|St Saviour's School||||||||725,203|615,435||
|StOlave's Grammar School||||||||303.582|692481||
|Trade creditors||||||||15,562|28,493||
|VAT||||||||47,641|260,137||
|Accruals||||||||27,869|25,536||
|Other creditors||||||||20,039|14,826||
|||||||||1,139,896|1,637,008||
|Recoociliatioa ofgrants|payable:||||||||||
|||||||||2022f|2021||
|Fund grant creditors at 1u|April|2021||||||14,826|28531||
|School grant creditors at la April 2021||||||||1,308,016|1,471,875||
|Grants payable for the period||||||||786,796|774,637||
|Grants cancelled or recovered||||||||( 753)|( 4,315)||
|Grants paid during the period|||||||( 1,060,061)||( 947,886)||
||||||||1,048,824||1,322,842||
|Foundation
Fund grant creditors||at|31u March|2022||||20,039|14,826||
|School grant creditors at 31u March|||2022|||||1.028,785|1,308,016||
|||||||||1,048,824|1,322,842||
|6 Operating
lease commitments|||||||||||
|At 31u March 2022 the Foundation|||had total|commitments|under|non-cancellable|operating|leases as follows:|||
|||||||||Land &|Buildings||
|||||||||2022|2021||
|Amounts
due:|||||||||||
|Within one year||||||||20,036|19,642||
|Between 1-5years||||||||48,422|67,112||
|||||||||8.
I|B6.||
|Payments off18,270 were|made in||the year.||||||||
|Analysis ofnet assets between||funds|||||||||
|||||Unrestricted||Restricted|Expendable||Permanent|Total|
|||||Funds||Funds|Endowment||Eadowment||
|||||8||||8|8||
|Fund balances
at 31u March 2022|||||||||||
|are represented
by:|||||||||||
|Tangible fixed assets|||||||5292,467|||5,292,467|
|Works ofatt||||||100,000||||100,000|
|Investment
properties||||300,000||||974,400|12,825,600|14,100,000|
|Financial
investments||||2,615,337|||||5,646,623|8,261,960|
|Current assets||||320,092||472,032||||792,124|
|Creditors falling due within|one year|||(667,864)||(472,032)||||(1,139,896)|
|||||2,567,565||100,000|6,266,867||18,472,223|27,406,655|
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|Movement|offunds 2021-22||||||
|---|---|---|---|---|---|---|
|||Broaght|Iacome|Expenditure|Transfers|Carried|
|||Forward|||and Gains|Forward|
|Endowment|funds|24,654,864||(202,512)|286,738|24,739,090|
|Restricted|funds|100,000|34,684|(34,684)||100,000|
|Unrestricted|funds|2,417,620|1,167,810|(1,140,767)|122,902|2,567,565|
|Total||27,172,484|1,202,494|(1377„t)63)|409,640|27,406,655|
|Movement|offunds 2020-21||||||
|||Brought|Income|Expenditure|Transfers|Carried|
|||Forward|||and Losses|Forward|
|Endowment|funds|23,652,221||(194,149)|1,196,792|24,654,864|
|Restricted funds||100,000|27,478|(27,478)||100,000|
|Ummtricted|funds|2,056,437|975,361|(1,148,845)|534,667|2,417,620|
|Total||25,808,658|1,002,839|(1370,472)|1,731,459|27,172,484|
##
||||Fund|Capital|Income|Expenditure|Capital Gain|Fund|
|---|---|---|---|---|---|---|---|---|
||||2021|Introduced||||2022|
|George Dyson Prize Fund
Paul Slade Prize Fund
Gridley Prize Fund|||1,376
!,387
21,884||28
28
336|(30)
(31)
(100)|(3)
(2)
{40)|1,370
1,381
22,080|
|Sanders Prize Fund|||4,668||93|(100)|( 11)|4,649|
|Green Prize Fund|||13,189||219||( 26)|13,382|
|Davis Bequest
Owen Gift|||8,615
3,257||128
65|(70)|( 16)
(9)|8,727
3,243|
|Felkin Bequest|||1,956||40|(43)|(5)|1,948|
|Headmaster's
Fund|||210,966||3,434|(2,587)|( 406)|211,407|
|WG Rushbraoke
Trust|||18,749||278||( 34)|18,993|
|Alice Talbot Prize|||1,380||29||(3)|1,406|
|Ashley Prize Fund|||930||18|(20)|(2)|926|
|Phyllis Packer Prize Fund|||4,222||86|(93)|( 10)|4,204|
|1Nixon Memorial|Fund||5,696||165|(161)|643|6,342|
|Marguerite
Wailer|Prize Fund||110,790||2,883||8,352|122,026|
|St Saviour's
Undergraduate||Fund|62,967|25,000|1,857|(2,400)|6,135|93,559|
||||472,032|25,000|||||
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|22
Statement ofFinan|cia|l Activities for|the period to 31"M|arch 2021|||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||Funds|Funds|Funds||
|Income and endowments||from:|||||
|Donations
and legacies|||202,394|17,900||220,294|
|Investments|||772,967|9,578||782,545|
|Total|||975 61|51167||1002,839|
|Expenditure
on:|||||||
|Raising funds|||||||
|Investment k property|||228,561||26,285|254,846|
|management
costs|||||||
|Charitable
activities|||||||
|School beneficiaries|||818,278|27,478|167,864|1,013,620|
|Supporting
young people in||Southwark|102,006|||102,006|
|Total|||1,148,845|27,478|194,149|I/70 472|
|Net (expenditure)
before|||||||
|gains on investments|||(173,484)||( 194,149)|(367,633)|
|Net gains on investment|assets||534,667||1,196,792|1,731,459|
|Net income for the year|||||||
|being net movement
on|funds||361,183||1,002,643|1363,826|
|Balances at 1 April 2020|||2,056,437|100,000|23,652,221|25,808,658|
|Balances at 31' March 2021|||2,417,620|100,000|24,654,864|27,172,484|