## 

## 

|`Referenceandadministrativedetails`||
|---|---|
|`Trustees’report`||
|`Independentauditor'sReport`|`11-14`|
|`Statementoffinancialactivities`||
|`Balancesheet`||
|`Cashflowstatement`||
|`Notestothefinancialstatements`|`18-31`|





## 

|`MrJohnBrowne`||`Appointed31July2019`|
|---|---|---|
|`MrsCatherineCarnegie`||`Appointed11June2020`|
|`MrWintondeStJohn-Pryce`||`Appointed3 March2020`|
|`MrFrederickHolt`|`(Vice-Chairman)`|`Appointed11June2020`|
|`MrMichaelJoseph`|`(Chairman)`|`Appointed31July2019`|
|`MrsChristineKeunen`||`Appointed31July2019`|
|`FrKeithMcMillanSJ`||`Appointed31July2019`|
|`MrfanMurphy`||`Appointed20March2020`|
|`MrEugeneNealon`||`Appointed31July2019`|
|`MrRichardSaunders`||`Appointed31July2019`|
|`MrStephenWithnell`||`Appointed31July2019(resigned31August2022)`|
|`MsDesireeJebsen`||`Appointed30April2021`|
|`FrChristopherCann`||`Appointed7 September2022`|
|`Foundationdirector:`|`MrJohnCartwright-Terry`|`(Appointed1 September2022)`|
|`Foundationmanager:`|`MrsCathieButcher`||
|`Bank:`|`HSBC`||
||`1CentenarySquare`||
||`Birmingham`||
||`Bi1HQ`||
|`Auditor`<br>`:`|`SafferyChampnessLLP`||
||`MitreHouse`||
||`NorthParkRoad`||
||`Harrogate`||
||`HG15RX`||
|`Solicitor:`|`Farrer& CoLLP`||
||`66Lincoln’sInnFields`||
||`London`||
||`WC2A3LH`||
|`InvestmentManager:`|`CCLA`||
||`OneAngelLane`||
||`London`||
||`ECAR3AB`<br>||





## 

## 

## 

## 

## 



## 

## 

## 



## 

|`FrKeithMcMillanSJ`|`NomineeoftheProvincialoftheBritishProvinceoftheSociety`|
|---|---|
||`ofJesus`|
|`MrsChristineKeunen`|`NomineeofChairofGovernorsofStonyhurstCollege`|
|`MrJohnBrowne`|`Headmaster,Stonyhurst`|
|`MrlanMurphy`|`Headmaster,StonyhurstStMary’sHall`|
|`MrStephenWithnell`|`StonyhurstDeputyHead(resigned31August2022)`|



## 

|`Mrs`|`CatherineCarnegie`|`ElectedTrustee`|
|---|---|---|
|`Mr`|`WintondeStJohn-Pryce`|`ElectedTrustee`|
|`Mr`|`FredericHolt`|`ElectedTrustee`|
|`Mrs`|`DesireeJebsen`|`ElectedTrustee`|
|`Mr`|`MichaelJoseph`|`ElectedTrustee- Chairman`|
|`Mr`|`EugeneNealon`|`ElectedTrustee`|
|`Mr`|`RichardSaunders`|`ElectedTrustee`|





## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 



## 






## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 






||||`Unrestricted`|`Endowed`|`Total`|<br>`funds`|`Totalfunds`|
|---|---|---|---|---|---|---|---|
||||`funds`|`funds`||`2022`|`2021`|
|||`Note`||||||
||||`£`|`£`||`£`|`£`|
|`Incomefrom:`||||||||
|`Charitableactivities`||`3`|`2,101,193`|`350,000`|`2,451,193`||`2,656,712`|
|`Merchandisesales`|||`6,822`|`-`||`6,822`|`6,458`|
|`Investmentincomeand`||`4`|`21,711`|`-`||`21,711`|`11,550`|
|`dividends`||||||||
|`TotalIncome`||<br>|<br> <br>`2,129,726`|<br> <br>`350,000`|<br> <br>`2,479,726`||<br> <br>`2,674,720`|
|`Expenditureon:`||||||||
|`Raisingfunds`||`5`|`10,280`|`-`||`10,280`|`40,950`|
|`Charitableactivities`||`5`|`715,882`|`83,650`||`799,532`|`530,249`|
|`TotalExpenditure`||<br>|<br> <br>`726,162`|<br> <br>`83,650`|<br>|<br> <br>`809,812`|<br> <br>`571,199`|
|`Net(losses)/gainson`||`9`|`(132,040)`|`(60,303)`||`(192,343)`|`889,004`|
|`investmentassets`||||||||
|`Netincome`|||`1,271,524`|`206,047`|`1,477,571`||`2,992,525`|
|`Transfersbetweenfunds`|||`-`|`-`||`-`|`-`|
|`Netmovementinfunds`|||<br> <br>`1,271,524`|<br> <br>`206,047`|<br> <br>`1,477,571`||<br> <br>`2,992,525`|
|`Reconciliationoffunds:`||||||||
|`Totalfundsbrought`|||`4,733,210`|`2,150,440`|`6,883,650`||`3,891,125`|
|`forward`||||||||
|`Totalfundscarried`||`11`|`6,004,734`|`2,356,487`|`8,361,221`||`6,883,650`|
|`forward`|`%`|||||||





## 

||`Note`|`2022`|`2021`|
|---|---|---|---|
|||`£`|`£`|
|`Fixedassets`||||
|`Investments`|`9`|`8,324,861`|`6,756,272`|
|`Totalfixedassets`|<br>|<br> <br>`8,324,861`|<br> <br>`6,756,272`|
|`Currentassets`||||
|`Cashatbank`||<br>`49,179`|<br>`138,418`|
|`Totalcurrentassets`|<br>|<br> <br>`49,179`|<br> <br>`138,418`|
|`Liabilities`||||
|`Creditors:amountsfallingduewithin1 year`|<br>`10`|<br>`12,819`|<br>`11,040`|
|`Netcurrentassets`||<br>`36,360`|<br>`127,378`|
|`Totalassetslesscurrentliabilities`||<br>`8,361,221`|<br>`6,883,650`|
|`The fundsofthecharity:`||||
|`Unrestrictedfunds`|`11`|`6,004,734`|`4,733,210`|
|`Endowedfunds`|<br>`11`|<br>`2,356,487`|<br>`2,150,440`|
|`Totalfunds`|<br>|<br>`8,361,221`<br>|<br>`6,883,650`<br>|




## 

## 



## 

||`Note`|`2022`|`2021`|
|---|---|---|---|
|||`£`|`£`|
|`Cashprovidedbyoperatingactivities`|`14`<br> <br>|<br> <br>`1,649,982`|<br> <br>`2,092,031`|
|`Cashflowsfrominvestingactivities`||||
|`Investmentinterestanddividends`||`21,711`|`11,550`|
|`Purchaseofinvestments`||`(2,386,255)`|`(2,343,533)`|
|`Proceedsfromthesaleofinvestments`||`183,484`|`809,863`|
|`Cash usedininvestingactivities`|<br>|<br> <br>`(2,181,060)`|<br> <br>`(1,522,120)`|
|`(Decrease)/Increaseincashintheyear`||`(531,078)`|`569,911`|
|`Cashandcashequivalentsatthebeginningoftheyear`||`392,129`|`322,218`|
|`Totalcashandcashequivalentsattheendoftheperiod`|<br>|<br>`361,051`<br>|<br>`892,129`<br>|





## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



|`3`|`Incomefromcharitableactivities`||||||
|---|---|---|---|---|---|---|
|||`Unrestricte`|<br>`Endowed`||`2022`|`Total`|
|||`dFunds`|<br>`Funds`||||
|||||||`£`|
|||`£`||`£`|||
||`Otherincomingresourcestransferredfrom`||||||
||`Stonyhurst`||||||
||`-`<br>`Donatedsales`|`1,080`||`-`||`1,080`|
||`Donations`|`2,100,113`|<br>`350,000`||`2,450,113`||
|||<br>`2,101,193`|<br> <br>`350,000`||<br>`2,451,193`||
||`Incomefromcharitableactivities- prioryear`||||||
|||`Unrestricted`|`Endowed`||`2021`|`Total`|
|||`Funds`|`Funds`||||
|||||||`£`|
|||`£`||`£`|||
||`Otherincomingresourcestransferredfrom`||||||
||`Stonyhurst`||||||
||`-`<br>`giftofservices`|`46,301`||`-`|`46,301`||
||`Donations`|`2,270,411`|`340,000`||`2,610,411`||
|||<br>`2,316,712`|<br>`340,000`||<br>`2,656,712`||
||<br>`Duringtheyearended31August2021£46,301wasrecognisedin`||<br>`incomefor`|<br>`donatedsalarycostsfora `|||
||`secondedemployeepaidforbyStonyhurst.Inthe`|`yearended31August2022,`||`this`|`seconded`|`employee’s`|
||`costswerepaidforbytheFoundation.`||||||
|`4`|`Investmentincome`||||||
|||`Unrestricted`|<br>`Endowed`||`2022`|`2021`|
|||`Funds`|<br>`Funds`||`Total`|`Total`|
|||`£`||`£`|`£`|`£`|
||`Interest`|`940`||`-`|`940`|`65`|
||`Dividends`|`20,771`||`-`|`20,771`|`11,485`|
|||<br>`21,711`<br> <br>|<br> <br> <br>|<br>`-`<br> <br>|<br>`21,711`<br> <br>|<br>`11,550`<br> <br>|





## 

||`Direct`||`Support`|`Governance`|`2022`|
|---|---|---|---|---|---|
||`costs`||`costs`|`costs`|`Total`|
||`£`||`£`|`£`|`£`|
|`Costofraisingfunds`||||||
|`Consultancy`|`1,324`||`-`|`-`|`1,324`|
|`Website,marketingandotherrelated`|`8,956`||`-`|`-`|`8,956`|
|`costs`||||||
|`Totalcostofraisingfunds`|<br>`10,280`|<br>|<br>`-`|<br>`-`|<br>`10,280`|
|`Costofcharitableactivities`||||||
|`BursariestoStonyhurst`|`701,143`||`-`|`-`|`701,143`|
|`Othercosts`||`-`|`84,423`|`13,966`|`98,389`|
|`Totalcostofcharitableactivities`|<br> <br>`701,143`|<br> <br>|<br> <br>`84,423`|<br> <br>`13,966`|<br> <br>`799,532`|
|`TotalResourcesexpended`|<br>`711,423`<br>|<br> <br>|<br>`84,423`<br>|<br>`13,966`<br>|<br>`809,312`<br>|



||`Direct`|`Support`|`Governance`||`2021`|
|---|---|---|---|---|---|
||`costs`|`costs`|`costs`||`Total`|
||`£`|`£`||`£`|`£`|
|`Costofraisingfunds`||||||
|`Consultancy`|`30,000`|`-`||`-`|`30,000`|
|`Website,marketingandotherrelated`|`10,950`|`-`||`-`|`10,950`|
|`costs`||||||
|<br>`Totalcostofraisingfunds`|<br>`40,950`|<br>`-`||<br>`-`|<br>`40,950`|
|<br>`Costofcharitableactivities`||||||
|`BursariestoStonyhurst`|`458,388`|`-`||`-`|`458,388`|
|`Othercosts`|`-`|`52,307`|`19,554`||`71,861`|
|<br> <br>`Totalcostofcharitableactivities`|<br> <br>`458,388`|<br> <br>`52,307`|<br> <br>`19,554`||<br> <br>`530,249`|
|<br>`TotalResourcesexpended`|<br>`499,338`|<br>`52,307`|<br>`19,554`||<br>`571,199`|
|<br>`Supportcostsareallocatedbasedontheactivity`|<br>`towhichtheinvoicesrelate`||<br>`orbasedon`|<br>`the`|<br>`percentage`|
|`oftime spentoneachactivityintheyearinthecaseofstaffcosts.Expenditure`|||`includesbursariesgranted`|||
|`toStonyhurstof£701,143(2021:£458,388).`||||||





||`Support`|`Governance`||`2022`|
|---|---|---|---|---|
||`costs`|`costs`||`Total`|
||`£`|`£`||`£`|
|`Auditandaccountancy`|`-`|`11,520`||`11,520`|
|`Insurance`|`-`|`1,893`||`1,893`|
|`Professionalfees`|`-`|`553`||`553`|
|`Subscriptions`|`1,924`||`-`|`1,924`|
|`Staffcosts`|`50,102`||`-`|`50,102`|
|`Staffrecruitment`|`30,973`||`-`|`30,973`|
|`Sundry`|`463`||`-`|`463`|
|`Bankcharges`|`189`||`-`|`189`|
|`Travelcosts`|`772`||`-`|`772`|
||<br> <br>`84,423`|<br> <br>`13,966`|<br> <br>|<br> <br>`98,389`|



||`Support`|`Governance`||`2021`|
|---|---|---|---|---|
||`costs`|`costs`||`Total`|
||`£`|`£`||`£`|
|`Auditandaccountancy`|`-`|`13,344`||`13,344`|
|`Insurance`|`2,018`||`-`|`2,018`|
|`Professionalfees`|`-`|`6,115`||`6,115`|
|`Subscriptions`|`1,707`||`-`|`1,707`|
|`Staffcosts`|`46,301`||`-`|`46,301`|
|`Staffexpenses`|`50`||`-`|`50`|
|`Sundry`|`2,045`||`-`|`2,045`|
|`Bankcharges`|`-`|`95`||`95`|
|`Travelcosts`|`186`||`-`|`186`|
||<br>`52,307`<br>|<br>`19,554`<br>|<br> <br>|<br>`71,861`<br>|





||`2022`|`2021`|
|---|---|---|
||`Total`|`Total`|
||`£`|`£`|
|`Thisisstatedaftercharging:`|||
|`Auditors’remuneration`|||
|`Auditfees-currentandprioryear`|`8,400`|`10,200`|
|`Accountancyservices`|`3,120`|`2,640`|
|`Xerosetupandgiftaidassistance`|<br>`-`|<br>`504`|
||<br>`11,520`<br>|<br>`13,344`<br>|





## 

||`2022`|`2021`|
|---|---|---|
||`Total`|`Total`|
||`£`|`£`|
|`Listedinvestments`|||
|`Openingbalance`|`6,002,561`|`3,579,887`|
|`Additions`|`2,386,255`|`2,343,533`|
|`Disposals`|`(183,484)`|`(809,863)`|
|`Net(losses)/gainsoninvestments`|`(192,343)`|`889,004`|
|`MarketValueat31August2022`|`8,012,989`|`6,002,561`|
|`Cashheldforreinvestment`|`311,872`|`753,711`|
|`Total`|<br> <br>`8,324,861`|<br> <br>`6,756,272`|
|`Historicalcostofinvestmentsat31August2022`|`7,075,700`|`4,842,235`|
|`Investmentsatfairvalue`|`2022`|`2021`|
||`Total`|`Tota!`|
||`£`|`£`|
|`Equities`|`8,012,989`|`6,002,561`|
|`Cash`|`311,872`|`753,711`|
|`Total`|<br>`8,324,861`<br>|<br>`6,756,272`<br>|





## 

||`2022`|`2021`|
|---|---|---|
||`Total`|`Total`|
||`£`|`£`|
|`Accruals`|`12,819`|`11,040`|
||<br> <br>`12,819`|<br> <br>`11,040`|



## 

||`Fundsat1`|`Incoming`|`Resources`|`Transfers`|`Losseson`|`Fundsat`|
|---|---|---|---|---|---|---|
||`September`|`resources`|`expended`||`investments`|`31August`|
||`2021`|||||`2022`|
||`£`|`£`|`£`|`£`|`£`|`£`|
|`Generalfund`|`1,100,880`|`2,129,726`|`(726,162)`|`(305,352)`|`(132,040)`|`2,067,052`|
|`Designatedfund`|`3,632,330`|`-`||`305,352`|`-`|`3,937,682`|
||<br>`4,733,210`<br>|<br>`2,129,726`<br>|<br>`(726,162)`<br>|<br>`-`<br>|<br>`(132,040)`<br>|<br>`6,004,734`<br>|





## 

||`Fundsat1 `|`Incoming`|`Resources’`|`Transfers`|`Losseson`|`Fundsat`|
|---|---|---|---|---|---|---|
||`September`|`resources`|`expended`||`investments`|`31August`|
||`2021`|||||`2022`|
||`£`|`£`|`£`|`£`|`£`|`£`|
|`Expendable`|||||||
|`Endowments`|||||||
|`Conradfund`|`1,319,211`|`-`|`(27,450)`|`-`|`(32,068)`|`1,259,693`|
|`RyderSystems`|`230,312`|`-`|`(8,000)`|`-`|`(5,546)`|`216,766`|
|`425BursaryFund`|`221,718`|`-`|`(7,600)`|`-`|`(5,134)`|`208,984`|
|`TheJoseph`|`106,014`|`100,000`|`(4,000)`|`-`|`(7,559)`|`194,455`|
|`FamilyBoarding`|||||||
|`Bursary`|||||||
|`TheJebsenFund`|`273,185`|`250,000`|`(36,600)`|`-`|`(9,996)`|`476,589`|
||<br> <br>`2,150,440`|<br> <br>`350,000`|<br> <br>`(83,650)`|<br> <br>`-`|<br> <br>`(60,303)`|<br> <br>`2,356,487`|
|`Totalfunds`|<br>`6,883,650`<br>|<br>`2,479,726`<br>|<br>`(809,812)`<br>|<br>`-`<br>|<br>`(192,343)`<br>|<br>`8,361,221`<br>|





## 

## 

||`Fundsat1`|`Fundsat1`||`Incoming`|`Resources`<br>`Transfers`|`Resources`<br>`Transfers`|`Gainson`|`‘Fundsat`|
|---|---|---|---|---|---|---|---|---|
||`September`|||`resources`|`expended`||`investments`|`31August`|
|||`2020`||||||`2021`|
|||`£`||`£`|`£`|`£`|`£`|`£`|
|`Generalfund`||`83,150`|`2,334,720`||`(528,712)`<br>`(1,365,326)`||`577,048`|`1,100,880`|
|`Designatedfund`|`2,267,004`|||`-`|`1,365,326`||`-`|`3,632,330`|
||<br> <br>`2,350,154`||<br> <br>`2,334,720`||<br> <br>`(528,712)`|<br> <br>`-`|<br> <br>`577,048`|<br> <br>`4,733,210`|
|`Analysisofmovements`||`inEndowedfunds`|||||||
|||`Fundsati`||<br>`Incoming`|`Resources`|`Transfers`|`Gainson`|`Fundsat31`|
||`September`|||<br>`resources`|`expended`||`investments`|`August`|
|||`2020`||||||`2021`|
|||`£`||<br>`£`|`£`|`£`|`£`|`£`|
|`Expendable`|||||||||
|`Endowments`|||||||||
|`Conradfund`||`1,141,710`||<br>`-`|`(26,887)`|`-`|`204,388`|`1,319,211`|
|`RyderSystems`||`203,032`||<br>`-`|`(8,000)`|`-`|`35,280`|`230,312`|
|`425BursaryFund`||`196,229`||<br>`-`|`(7,600)`|`-`|`33,089`|`221,718`|
|`TheJosephFamily`|||`-`|<br>`90,000`|`-`|`-`|`16,014`|`106,014`|
|`BoardingBursary`|||||||||
|`TheJebsenFund`|||`-`|<br>`250,000`|`-`|`-`|`23,185`|`273,185`|
||<br>|<br> <br>`1,540,971`|<br> <br>|<br> <br> <br>`340,000`|<br> <br>`(42,487)`|<br> <br>`-`|<br> <br>`311,956`|<br> <br>`2,150,440`|
|`Totalfunds`|<br>|<br> <br>`3,891,125`|<br> <br>|<br> <br> <br>`2,674,720`|<br> <br>`(571,199)`|<br> <br>`-`|<br> <br>`889,004`|<br> <br>`6,883,650`|
|`11Analysisofnet`|`assets`|`between`||`funds`|||||
|`2022`|||||`Unrestricted`|<br>`Endowedfunds`||`Total`|
||||||`funds`|||`2022`|
||||||`£`||`£`|`£`|
|`Fixedassetinvestments`|||||`5,968,374`||`2,356,487`|`8,324,861`|
|`Cashatbank`|||||`49,179`||`-`|`49,179`|
|`Currentliabilities`|||||`(12,819)`||`-`|`(12,819)`|
|||||<br>|<br>`6,004,734`<br>|<br> <br>|<br>`2,356,487`<br>|<br>`8,361,221`<br>|





## 

||`Unrestricted`|`Endowedfunds`|`Total`|
|---|---|---|---|
||`funds`||`2021`|
||`£`|`£`|`£`|
|`Fixedassetinvestments`|`4,605,832`|`2,150,440`|`6,756,272`|
|`Cashatbank`|`138,418`|`-`|`138,418`|
|`Currentliabilities`|`(11,040)`|`-`|`(11,040)`|
||<br>`4,733,210`<br>|<br>`2,150,440`<br>|<br>`6,883,650`<br>|



## 

||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|`Netmovementinfunds`|`1,477,571`|`2,992,525`|
|`Deductinterestanddividendincome`|`(21,711)`|`(11,550)`|
|`shownininvestingactivities`|||
|`Adjustmentforlosses/gainson`|`192,342`|`($89,004)`|
|`investments`|||
|`Increaseincreditors`|`1,780`|`60`|
|`Netcashgeneratedbyoperating`|<br>`1,649,982`|<br>`2,092,031`|
|`activities`|||





## 

|||`2022`|`2021`|
|---|---|---|---|
|||`£`|`£`|
|`Cash`|`heldforreinvestment`|`311,872`|`753,711`|
|`Cash`|`atbank`|`49,179`|`138,418`|
|`Total`|`cash`|<br>`361,051`<br>|<br>`892,129`<br>|



## 



## 

||`Unrestricted`|`Endowed`|`Total`|<br>`funds`|
|---|---|---|---|---|
||`funds`|`funds`||`2021`|
||`£`|`£`||`£`|
|`Incomefrom:`|||||
|`Charitableactivities`|`2,316,712`|`340,000`||`2,656,712`|
|`Merchandisesales`|`6,458`|`-`||`6,458`|
|`Investmentincomeand`|`11,550`|`-`||`11,550`|
|`dividends`|||||
|`TotalIncome`|<br> <br>`2,334,720`|<br> <br>`340,000`|<br>|<br> <br>`2,674,720`|
|`Expenditureon:`|||||
|`Raisingfunds`|`40,950`|`-`||`40,950`|
|`Charitableactivities`|`487,762`|`42,487`||`530,249`|
|`TotalExpenditure`|<br> <br>`528,712`|<br> <br>`42,487`|<br>|<br> <br>`571,199`|
|`Net realisedandunrealised`|`577,048`|`311,956`||`889,004`|
|`gainsoninvestments`|||||
|`Netincome`|`2,383,056`|`609,469`||`2,992,525`|
|`Transfersbetweenfunds`|||||
|`Netmovementinfunds`|<br> <br>`2,383,056`|<br> <br>`609,469`|<br>|<br> <br>`2,992,525`|
|`Reconciliationoffunds:`|||||
|`Totalfundsbroughtforward`|`2,350,154`|`1,540,971`||`3,891,125`|
|`Totalfundscarriedforward`|`4,733,210`<br>|`2,150,440`<br>||`6,883,650`<br>|