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|For the
|For the
|ea|r ended 31|March 2023|||
|---|---|---|---|---|---|---|
|Auditors||||Godfrey Wilson
Limited|||
|||||Chartered
accountants|and statutory|auditors|
|||||5th Floor Mariner House|||
|||||62 Prince Street|||
|||||Bristol|||
|||||BS14QD|||
|Investment|||advisers|Rathbones
Investment|Management|Ltd|
|||||8 Finsbury
Circus|||
|||||London|||
|||||EC2M 7AZ|||
|Property||managing||Daniel Watney
LLP|||
|agents|&|surveyors||165Fleet Street|||
|||||London|||
|||||EC4A 2DW|||
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||||||||Restated|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||Note|Endowment
f|Restricted
F|Unrestricted|Totalf|Totalf|
|Income from:||||||||
|Donations
and|legacies|3||25,000|239,652|264,652|250,110|
|Investments||4||12,652|1,049,649|1,062,301|952,384|
|Total income||||37,652|1,289,301|1,326,953|1,202,494|
|Expenditure
on:||||||||
|Raising funds|||31,457|2,313|171,925|205,695|217,002|
|Charitable
activities:||||||||
|Schoo/s|||167,864|12,652|817,615|998,131|998,316|
|Supporting
young peop/e in||||||||
|Southwark|||||147,010|147,010|140,199|
|Total expenditure||5|199,321|14,965|1,136,550|1,350,836|1,355,517|
|Net (expenditure)
Iincome||before||||||
|(losses) igains|||(199,321)|22,687|152,751|(23,883)|(153,023)|
|Net gains I(losses)|on investments||3,35~,853|~23,572)|)198,723)|2,828,918|424,922|
|Net income (expenditure)||and net||||||
|movement
in funds||8|2,851,332|(325)|(45,972)|2,805,035|271,899|
|Reconciliation
offunds:||||||||
|Total funds brought|forward||24,739,090|529,660|2,567,565|27,836,315|27,564,416|
|Total funds carried|forward||27,590,422|529,335|2,521,593|30,641,350|27,836,315|
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|As at 31 March 20|23|||||||
|---|---|---|---|---|---|---|---|
||||||||Restated|
|||||||2023|2022|
|||||Note|6|6|f|
|Fixed assets||||||||
|Tangible assets||||11||5,223,447|5,292,467|
|Heritage assets||||12||100,000|100,000|
|Investment
property||||13||17,613,250|14,100,000|
|Financial investments||||14||8,047,407|8,755,408|
|||||||30,984,104|28,247,875|
|Current assets||||||||
|Debtors||||15|227,089||206,497|
|Cash at bank and in hand|||||356,742||92,179|
||||||583,831||298,676|
|Liabilities||||||||
|Creditors: amounts|falling due within||1 year|16|926,585||710,236|
|Net current liabilities||||||~342754|~411,585|
|Total assets less current liabilities||||||30,641,350|27,836,315|
|Net assets||||17||30,641,350|27,836,315|
|Funds||||18||||
|Permanent
endowment||funds||||22,465,819|19,446,623|
|Expendable
endowment||funds||||5,124,603|5,292,467|
|Restricted
funds||||||529,335|529,660|
|Unrestricted
general|funds|||||2,521,593|2,567,565|
|Total charity funds||||||3D64'1,35D|27,836315|
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|||||||Restated|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||6|F|
|Cash used in operating
activities:|||||||
|Net movement
in funds|||||2,805,035|271,899|
|Adjustments
for:|||||||
|Depreciation
charges|||||167,864|167,864|
|Gains on|investments||||(2,828,918)|(424,922)|
|Dividends,|interest
and rents from|investments|||(1,062,301)|(952,384)|
|(Increase)
/ decrease
in debtors
Increase
/ (decrease)
in creditors|||||(20,592)
216,349|62,286
~534,840|
|Net cash|used in operating
activities||||~722,563|~1,410,097|
|Cash flows from investing
activities:|||||||
|Dividends,|interest and rents from|investments|||1,062,301|952,384|
|Purchase|ofinvestment
property|||||(92,777)|
|Purchase|oftangible
fixed assets||||(98,844)||
|Proceeds|from the sale ofinvestments||||2,992,535|3,226,545|
|Purchase|offinancial
investments||||~2899634|~3,134,235|
|Net cash|provided
by investing|activities|||1 D56 358|951,917|
|Increase|/ (decrease) in cash and cash equivalents|||in the year|333,795|(456,180)|
|Cash and|cash equivalents
at the|beginning|ofthe year||212,976|671,156|
|Cash and|cash equivalents
at the end of||the year||546 771|212,976|
|Analysis|ofcash and cash equivalents||||||
|Cash at bank and
in hand|||||356,742|92,179|
|Cash held|in financial
investments||||190,029|120,797|
|Total cash and cash equivalents|||||546,771|212,976|
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|Fo|r|the
ear ende|d 31 March 2023||||
|---|---|---|---|---|---|---|
|1.||Accounting|policies (continued)||||
||i)|Tangible fixed assets|||||
|||Depreciation|is provided
at rates calculated|to write down the|cost|ofeach asset to its estimated|
|||residual
value|over its expected useful life.|The depreciation|rates|in use are as follows:|
|||Freehold|land and buildings|2'/o per annum|||
|||Property|improvements|20/o per annum|||
|||Furniture|and fittings|10 /o per annum|||
|||Computer
hardware||20/o - 33/o per|annum||
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||||||||Restated|
|---|---|---|---|---|---|---|---|
||||||||2022|
|||||Endowment|Restricted|Unrestricted|Total|
|||||F|F|5|6|
|Income from:||||||||
|Donations
and legacies|||||25,000|225,110|250,110|
|Investments|||||9,684|942,700|952,384|
|Total income|||||34,684|1 167810|1 202 494|
|Expenditure
on:||||||||
|Raising funds||||34,648|2,554|179,800|217,002|
|Charitable
activities||||||||
|Schoo/s||||167,864|9,684|820,768|998,316|
|Supporting|young peoplein||Southwark|||140,199|140,199|
|Total expenditure||||202,512|12,238|1,140,767|1,355,517|
|Net income i(expenditure)||before gains||||||
|on investments||||(202,512)|22,446|27,043|(153,023)|
|Net gains on investments||||286,738|15,282|122,902|424,922|
|Net income and|net movement||in funds|84,226|37,728|149,945|271,899|
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|For
3.|the
ear ended 31 March
Income from donations|2|023||||||
|---|---|---|---|---|---|---|---|---|
|||||||||2023|
|||||||Restricted
F|Unrestricted
f|Totalf|
||The Dulwich Estate - annual||distribution||||239,652|239,652|
||Donations to StSaviour's|School||Headteacher's|Funds|25,000||25,000|
||Total income from donations|||||25,000|239,652|264,652|
||Prior period comparative:|||||||2022|
|||||||Restricted
f|Unrestricted
f|Totalf|
||The Dulwich Estate - annual||distribution||||225,110|225,110|
||Donations to St Saviour's|School||Headteacher's|Funds|25,000||25,000|
||Total income from donations|||||25,000|225,110|250,110|
|4.|Income from investments||||||||
|||||||||2023|
|||||||Restricted|Unrestricted|Total|
|||||||f|f||
||Dividends
and interest on|financial||investments||12,652|221,257|233,909|
||Property
income||||||828,392|828,392|
||Total income from investments|||||12,652|I,II49,649|1,062,301|
||Prior period comparative:|||||||2022|
|||||||Restricted|Unrestricted|Total|
|||||||f|f|f|
||Dividends
and interest on financial|||investments||9,684|167,093|176,777|
||Property income||||||775,607|775,607|
||Total income from investments|||||9684|942,700|952,384|
|Total expend|iture||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Supporting|||||
|||||||young people|In|Governance|||
|||||Raising funds|Schools|Southwsrk||costs|Support costs|2023 Total|
|||||f.|2||6|6|f.||
|Grant funded|ectivity|(note 0)|||674,599|129,714||||004,313|
|Investmsnt
management|||fees|47,500||||||47,600|
|Property
management|||costs|158,096||||||150,090|
|Depredation|||||187,884|||||167,864|
|Starr costs (note 9)|||||||||130615|130,015|
|QMce costs|||||||||30,766|30,766|
|Trustee meeting costs||||||||683||803|
|Audit fees||||||||10,!I20||10,920|
|Suh-total||||205,605|842,463|129,714||11,583|161301|1,350,030|
|Agoeation
of|support|end|||||||||
|governance|costs||||155666||||||
|Total expenditure||||||||||'I 300 038|
|St Olave's 8St Saviour's Schools F|St Olave's 8St Saviour's Schools F|St Olave's 8St Saviour's Schools F|oundation
CIO||||||
|---|---|---|---|---|---|---|---|---|
|Notes toths financial statements|||||||||
|For the
earended
31 Mama 2023|||||||||
|5. Total expenditure|||||||||
|Prior period comparative|||||Svpporlmg||||
||||||young people in|Govemanoe||Restated|
||||Raising funds|Schools|Southwark|costs|Support costs|2022 Total|
||||E||E|6|E|E|
|Grant funded
activity|(note 6)|||673,698|122,782|||796,480|
|Investmenl
management||fees|53,983|||||53,983|
|Properly
management||costs|163,019|||||163,019|
|Oepreciaaon||||167,864||||167,864|
|Staff costs (note 9)|||||||128,271|128,271|
|ONce coals|||||||31,372|31,372|
|Trustee meeting costs||||||4,078||4,078|
|Audit fees||||||10450||10,450|
|Suh-total|||217002|841,562|122,782|14,528|159,643|1,355,517|
|Allocation ofsupport|and||||||||
|governance
coals||||156754|||||
|Total expenditure|||217002|998316|140199|||1,355,517|
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|Grants payable||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The
Charity
undertakes
its|charitable|||activities|through|||grant|making|and|awards
grants||to the two|
|Schools
of the
Foundation||and|young|people||and|young||people's|organisations
in||Southwark,
in||
|furtherance
of its charitable
objectives. The amount||||||payable||in the year||comprises:||||
||||||||||||||Restated|
||||||||||||2023||2022|
||||||||||||6|||
|Schools:||||||||||||||
|St Olave's Grammar
School|||||||||||320,184||320,184|
|St Saviour's School|||||||||||341,763||343,830|
|Amounts
made available
from||funds held on Trust:||||||||||||
|St Olave's Grammar
School|||||||||||5,557||4,944|
|St Saviour's School|||||||||||7,095||4,740|
|Total Schools|||||||||||994999||673,698|
|Foundation
Fund grants:||||||||||||||
|Southwark
Cathedral's
Choirs|||||||||||12,537||12,291|
|Grants to individuals
(2023:|16,2022: 30 individuals)||||||||||18,980||32,959|
|Grants to organisations:||||||||||||||
|acetUK|||||||||||2,500||2,000|
|Afro-Brazilian
Arts &Cultural|Exchange||||||||||1,000||1,000|
|Angel Oak Academy|||||||||||1,500||2,000|
|Bankside FC|||||||||||2,500|||
|Bede House Association|||||||||||3,000||6,000|
|Bessemer Grange Tenants Association|||||||||||2,275|||
|Bethwin Road Playground|||||||||||||3,000|
|Boutcher Primary School|||||||||||3,620|||
|Bridge the Gap Studios|||||||||||||2,000|
|Butler's Wharf Riverside
Trust|||||||||||||1,000|
|Camberwell
After School Project|||||||||||6,000||3,000|
|Children
& Family Empowerment|||||||||||3,000|||
|Coin Street|||||||||||2,760|||
|Colombo Street Community|&|Sports Centre|||||||||||6,000|
|Dream, Believe, Achieve|||||||||||2,520|||
|Downside
Fisher Youth Club|||||||||||||3,000|
|El Telefono de la Esperanza|||||||||||2,760|||
|Fairbeats
Music|||||||||||||2,000|
|Friars Primary School|||||||||||||2,000|
|Friends of Dog Kennel
Hill Primary|||School||||||||3,000||1,530|
|Galleywall
Primary School|||||||||||2,000|||
|Glaziers Foundation|||||||||||1,180|||
|Goose Green Primary School|||||||||||2,340|||
|Ignite Hubs|||||||||||6,000||3,000|
|John Donne
Primary
School|||||||||||2,340|||
|Subtotal
carried to next page;|||||||||||81,812||82,780|
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|Grants payable (continued)|||||
|---|---|---|---|---|
|||||Restated|
||||2023f|2022f|
|Subtotal from previous
page:|||81,812|82,780|
|John Keats Primary
School|||2,453||
|Kazzum
Arts|||2,500||
|Kids Network|||2,000||
|Let Me Know||||1,000|
|Listening
Books|||1,500|1,500|
|Living Bankside|||3,500||
|London Bubble Theatre|||2,250||
|London South School Teaching||Alliance||3,000|
|Lyndhurst
Primary
School|||2,000|2,000|
|National
Youth Theatre ofGreat||Britain|2,250||
|Pembroke
House||||1,000|
|Phoenix Explorer Scout Group||||3,000|
|Power2|||2,390||
|Purple Ladies|||1,500||
|Queer Youth Art Collective|||2,500||
|Southwark
Playhouse||||2,000|
|St Mary Magdalene
Primary|School||2,460|3,000|
|St Paul's Primary
School|||2,500||
|StSaviour's
&St Dlave's School|||7,000|7,000|
|Step Out Mentoring|||3,000|2,910|
|Team up for Social Mobility||||1,500|
|Theatre Troupe|||2,870||
|Waterloo Coomunity
Theatre||||2,770|
|Westminster
House Youth Group|||3,000|3,000|
|1st Southwark
Scouts||||1,000|
|2nd Southwark
Scouts|||2,000||
|10th East Dulwich
Guides|||1,000||
|10Windsor Walk|||1,878||
|16th Bermondsey
Scouts||||2,345|
|Grants under E1,000 (2023:3,2022: 5, organisations)|||2,020|3,730|
|Cancelled
grants|||4,669|753|
|Total Foundation
Fund grants|||129,714|122,782|
|Total grants payable|||804,313|796,480|
##
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|7.|Grants commitments||||||
|---|---|---|---|---|---|---|
|||||||Restated|
||||||2023|2022f|
||Grant commitments
brought
forward||||619,164|429,375|
||Grants committed
during the period
Grants paid during the period||||804,313
~003,340|796,480
(606,691)|
||Grant commitments
carried forward||||020,129|619,164|
||Grants payable
comprised
the following|||amounts:|||
||Foundation
Fund||||12,450|20,039|
||Schools' grants:||||||
||~ StOlave's Grammar|School|||(3,552)|3,523|
||~ StSaviour's School||||719,617|509,618|
||Funds held on trust for Schools:||||||
||0 StOlave's Grammar|School|||76,557|68,986|
||~ StSaviour's School||||15,057|16,998|
||||||020,129|619,164|
|8.|Net movement
in funds||||||
||This is stated after charging:||||||
||||||2023|2022|
|||||||5|
||Depreciation||||167,864|167,864|
||Operating
lease payments||||18,270|18,270|
||Trustees'
remuneration||||Nil|Nil|
||Trustees'
reimbursed
expenses||||Nil|Nil|
||Auditors'
remuneration:||||||
||~ Statutory
audit (including||VAT)||10,920|I II,400|
##
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|Staff costs and numbers
Staff costs were as follows:|||
|---|---|---|
||2023|2022|
|||6|
|Salaries and wages|110,160|108,122|
|Social security costs|8,358|8,480|
|Pension costs|10,916|10,562|
|Life assurance|1,181|1,107|
||130615|128,271|
|945).||
|---|---|
|2023|2022|
|No.|No.|
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|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|
||Freehold land|Property|Furniture|and|Computer||
||and buildings
f|improvements|fittings
6||hardware|Totalf|
|Cost|||||||
|At 1 April 2022|8,393,225|||6,092|7,498|8,406,815|
|Additions
in year||98,844||||98,844|
|At 31 March 2023|8 393,225|98,844||6 692|7 498|8,5D5,659|
|Depreciation|||||||
|At 1 April 2022|3,100,758|||6,092|7,498|3,114,348|
|Charge for the year|167,864|||||167,864|
|At 31 March 2023|3,268,622|||6,092|7,498|3,282,212|
|Net book value|||||||
|At 31 March 2023|5,124,6D3|98 844||||5,223,447|
|At 31 March 2022|5,292,467|||||5,292,467|
|12.|Heritage assets||
|---|---|---|
|||Works ofart|
||Valuation||
||At 1 April 2022 and at 31 March 2023|100,000|
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|Investment
property|||
|---|---|---|
||2023f|2022f|
|Valuation|||
|At 1 April 2022|14,100,000|14,000,000|
|Additions||92,777|
|Revaluation|3,513,250|7,223|
|At 31 March 2023|17,613,250|14,100,000|
|Historical cost:|||
|At 31 March 2023|0,067,035|0,067,035|
##
|Financial|investments||||||
|---|---|---|---|---|---|---|
|||||||Restated|
||||||2023f|2022f|
|Market value at 1 April||2022|||8,755,408|8,366,174|
|Additions|||||2,899,634|3,134,235|
|Disposals|proceeds||||(2,992,535)|(3,226,545)|
|Net realised
and unrealised|||(losses)|/ gains|(684,332)|417,699|
|Movement|in cash balance||||69,232|63,845|
|Market value at 31 March 2023|||||8,047,407|8,755,408|
|Financial|investments|comprise:|||||
|British Government
and||other fixed||interest|||
|stocks|||||445,405|419,694|
|Equities
(UK and overseas)|||||7,195,903|8,016,331|
|Unit trusts|||||216,070|198,586|
|Deposits and cash awaiting|||investment||190,029|120,797|
||||||8,047,407|8,755,408|
|Represented
within:|||||||
|Restricted|funds (funds|held|on Trust)||493,116|493,448|
|Endowment|funds||||5,155,819|5,646,623|
|Unrestricted|funds||||2,398,472|2,615,337|
||||||8,047,407|8,755,408|
##
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##
|Debtors||||
|---|---|---|---|
|||2023f|2022
f|
|Prepayments||48,245|46,761|
|Rents receivable|and other debtors|178,844|157,716|
|||227,089|206,497|
##
|Creditors: amounts
due within
1year|||
|---|---|---|
|||Restated|
||2023f|2022f|
|Trade creditors|29,312|15,562|
|Accruals|26,380|27,669|
|VAT|47,335|47,641|
|Other taxation and social security|3,429||
|Grants payable (note 7)|820,129|619,164|
||828 888|713238|
##
##
|Analysis|ofnet assets betwee|n funds|||||
|---|---|---|---|---|---|---|
|||Permanent|Expendable||Unrestricted||
|||endowment|endowment|Restricted|general|Total|
|||funds|funds|funds|funds|funds|
||||E|E|E.|E|
|Tangible|fixed assets||5,124,603||98,844|5,223,447|
|Heritage|assets|||100,000||100,000|
|Investment
property||17,310,000|||303,250|17,613,250|
|Financial|investments|5,155,819||493,116|2,398,472|8,047,407|
|Current
Current|assets
liabilities|||27,833
~91014|555,998
~834 971|583,831
~926 585|
|Net assets at 31 March 2023||22,465,819|5,124,6D3|529,335|2 521 593|39641 359|
|Prior year comparative||Permanent|Expendable||Unrestricted||
|(restated)||endowment|endowment|Restricted|general|Total|
|||funds|funds|funds|funds|funds|
||||E|E|E|E|
|Tangible|fixed assets||5,292,467|||5,292,467|
|Heritage|assets|||100,000||100,000|
|Investment
property||13,800,000|||300,000|14,100,000|
|Financial|investments|5,646,623||493,448|2,615,337|8,755,408|
|Current
Current|assets
liabilities|||22,196
~85,984|276,480
~624,2527|298,676
~710,230|
|Net assets at 31 March 2022||19,446,623|5292467|52986D|2567,565|27836,315|
##
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|Movements
in fund|s|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Transfers||
||||At 1 April||||Gams I|between|At 31 March|
||||2022
E||Income
F|Expenditure
E|(losses)f|funds
5|2023
6|
|Endowment
funds||||||||||
|Permanent
endowments|||19,446,623|||(31,457)|3,050,653||22,465,819|
|Expendable
endowments|||5,292,467||||||5,124,603|
|Total endowment
funds|||24,739090||||3.050.050||27590422|
|Restricted funds||||||||||
|Sl0/eve's Funds:||||||||||
|George Dyson Prize|Fund||1,343||40|(54)|(88)|(1,241)||
|Paul Sleds Prize Fund|||1,355||40|(53)|(89)|(1,253)||
|Gridley Prize Fund|||16,094||487|(649)|(1,073)|(14,859)||
|Sanders Prize Fund|||4,445||134|(179)|(296)|(4,104)||
|Green Prize Fund|||10,277||317|(423)|(699)|(9,472)||
|Davis Bequest|||5,864||185|(247)|(407)|(5,395)||
|Owen Gift|||3,181||94|(126)|(207)|(2,942)||
|Felkin Bequest|||1,910||58|(77)|(127)|(1,764)||
|Headmaster's
Fund|||160,780||4,977|(6,639)|(10,973)|(148,145)||
|WG Rushbrooke
Trust|||113,436||403|(537)|(888)|200,848|313,262|
|Alice Talbot Prize|||1,347||41|(55)|(91)|(1,242)||
|Ashley
Prize Fund|||908||27|(36)|(59)|(840)||
|Phyllis Packer Prize|Fund||4,122||124|(165)|(274)|(3,807)||
|3 Nixon Memorial
Fund|||6,012||168|(166)|(228)|(5,784)||
|StSaviour's Funds:||||||||||
|Marguerite
Wailer Prize Fund|||105,133||2,941|(2,941)|(3,978)||101,155|
|St Saviour's
Undergraduate||||||||||
|Fund|||93,453||27,616|2,616|3,535||114,918|
|Total restricted funds
0
1
1
Total funds||0|529,660
2.061M5
6,|.
030~
,ยป,
~38|||~08
3
2.020,||529,335
2 621 093
0,061,000|
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##
##
|For|the
ear ended 31 March 2023|the
ear ended 31 March 2023|the
ear ended 31 March 2023|||||
|---|---|---|---|---|---|---|---|
|18.|Movements
in funds (continued)|||||||
||Prior year comparative|(restated)||||||
||||At 1 April|||Gains
/|31 March|
||||2021|Income|Expenditure|(losses)|2022|
||||F|6|6||6|
||Endowmentfunds|||||||
||Permanent
endowments
Expendable
endowments||19,194,533
5,460,331||(34,648)
~167,9641|286,738|19,446,623
5,292,467|
||Total endowment
funds||24,654,864||~202, 512|286,738|24,739,090|
||Restricted funds|||||||
||S/ 0/ave's
Funds:|||||||
||George Dyson Prize Fund||1,355|28|(42)|2|1,343|
||Paul Blade Prize Fund||1,368|28|(43)|2|1,355|
||Gridley Prize Fund||16,251|336|(515)|22|16,094|
||Sanders Prize Fund||4,488|93|(142)|6|4,445|
||Green Prize Fund||10,379|219|(336)|15|10,277|
||Davis Bequest||5,924|128|(196)|8|5,864|
||Owen GiR||3,211|65|(99)|4|3,181|
||Felkin Bequest||1,928|40|(61)|3|1,910|
||Headmaster's
Fund||162,392|3,434|(5,273)|227|160,780|
||WG Rushbrcoke
Trust||113,566|278|(426)|18|113,436|
||Alice Talbot Prize||1,360|29|(44)|2|1,347|
||Ashley Prize Fund||917|18|(28)|1|908|
||Phyllis Packer Prize Fund||4,161|86|(131)|6|4,122|
||J Nixon Memorial
Fund||5,534|165|(165)|478|6,012|
||S/ Saviour's Funds:|||||||
||Marguerite
Wailer Prize Fund||96,780|2,880|(2,880)|8,353|105,133|
||St Saviour's
Undergraduate
Fund||62,318|26,857|~1,857|6,135|93,453|
||Total restricted
funds||491,932|34,684|~12,238|15,282|529,660|
||0
11 I d 8
11|d|2,417,620|1,167,810|~1,140,767|122,9112|2,567,565|
||Total funds||27,564,416|1 202 494|~1 355517|424,922|27 836,315,|
##
|Not|es to the|financial stateme|nts|||
|---|---|---|---|---|---|
|For|the
ear|ended 31 March|2023|||
|19.|Financial|instruments
at|fair value|||
|||||2023|2022|
|||||5|5|
||Financial|assets measured|at fair value|7,857,378|8,634,611|
|20.|Operating
lease commitments|Operating
lease commitments|Operating
lease commitments||||
|---|---|---|---|---|---|---|
||The Charity had operating||leases at the year end with total future|minimum|lease payments|as follows:|
||||||2023|2022f|
||Amount|falling due:|||||
||Within|1 year|||20,036|20,036|
||Within|1 - 5years|||28,385|48,422|
||||||48,421|66,458|
##
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##
|This has aff|ected funds brought
forward as follow|s:||||
|---|---|---|---|---|---|
|||Restricted|Total funds|Restricted|Total funds|
|||funds at 1|at 1 April|funds at 31|at 31 March|
|||April 2021
F|2021f|March 2022
F|2022|
|Funds as originally
stated||100,000|27,172,484|100,000|27,406,655|
|Adjustment|to grants payable|391,932|391,932|429,660|429,660|
|Funds as restated||491,932|27,564,416|529,660|27,836,315|
|Creditor balances
have been affected as follows:|||||Grants|
||||||payablef|
|As originally
Adjustment|stated at 31 March 2022
to grants payable||||1,048,824
~429,660|
|As restated|at 31 March 2022||||619,164|
|Balances sh|own
in the S|oFA been affected|as follows:||||
|---|---|---|---|---|---|---|
|||||||Net|
||||Expenditure:|Expenditure:|Net gains/|movementin|
||||Raising funds
F|Schoolsf|losses|fundsf|
|As originally|stated at 31|March 2022|214,448|1,023,316|409,640|234,171|
|Adjustment|to investment|manager fees|2,554|||(2,554)|
|Adjustment|to grants payable costs|||(25,000)||25,000|
|Adjustment|to investment|gains|||15,282|15,282|
|As restated|at 31 March|2022|217,002|998,316|424,922|271,899|