## ## ## |CONTENTS|||Page| |---|---|---|---| |Report ofthe Trustees|||1 —5| |Report ofthe independent||auditors|6 —8| |Statement offinancial|activities||| |Balance sheet|||10| |Statement ofcash flows|||| |Notes to the financial|statements||12 —18| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||For the year|For the 13| |---|---|---|---|---|---|---|---|---| ||||||||ended 31|months| ||||||||August|ended 31| ||||||||2023|August| |||||Unrestricted|Restricted|endowment||2022| |||||Funds|Fund|Fund|Total|Total| ||||Note|||||| |INCOME AND||||||||| |ENDOWMENTS||||||||| |FROM:||||||||| |Investments
Donations||||389,927
6,369|18,573||408,500
6,369|331,684
22,651| |Total income||||396,296|18,573||414,869|354,335| |EXPENDITURE|ON:|||||||| |Raising funds:
Investment
Manager'||s||24,938|||24,938|34,676| |fees||||||||| |Charitable
activities||||75,225|||75,225|77,423| |Total expenditure||||100,163|||100,163|112,099| |Net income before||||296,133|18,573||314,706|242,236| |(losses)/ gains on||||||||| |investments||||||||| |Net
(losses)/gains||on||(786,987)|||(786,987)|477,184| |investments||||||||| |Net movement
in funds||||(490,854)|18,573||(472,281)|719,420| |Balance brought|fonvard|||12,763,535|4,620|318,080|13,086,235|12,366,815| |Balance carried fonvard
at 31August 2023||||12,272,681|23,193|318,080|12,613,954|13,086,235| ## ## ## |||||2023||2022|| |---|---|---|---|---|---|---|---| ||||Note||||| |FIXEDASSETS|||||||| |Investments||||5,173,882||5,741,203|| |Investment
propeity||||1,994,807||2,083,200|| ||||||7,168,689||7,824,403| |CURRENT ASSETS|||||||| |Cash and bank balances
Debtors||||2,917,399
2,353,366||3,290 622
598,810|| |||||5,270,765||3,889,432|| |CREDITORS: Amounts
due within
one year||falling|10|(5,500)||(7,600)|| |NET CURRENT ASSETS|||||5,265,265||3,881,832| |DEBTORS: Amounts
in more than one year|falling due||||180,000||1,380,000| |NET ASSETS|||||12,613,954||13,086,235| |Representing:|||||||| |Unrestricted
funds:|||||||| |General Fund|||||12,272,681||12,763,535| |Restricted funds:
Godolphin
&Latymer|School||||23,193||4,620| |bursary
fund|||||||| |Endowment
fund:
Permanent
endowment|||||318,080||318,080| |TOTAL FUNDS|||||12,613,954||13,086,235| ## ## ## ||||||||For the year|For the 13| |---|---|---|---|---|---|---|---|---| ||||||||ended 31|months
ended| ||||||||August 2023|31August| |||||||||2022| ||||||Note|||| ||Net cash outflow
from operations:|||||||| ||Net cash used in operations||||A||(200,450)|(61,089)| ||Cash flows from investing
activities:
Income from investments
Purchase of investments
Sale ofinvestments
Repayment ofloan
Issue new loan||||||408,500
(797,794)
666,521
500,000
(950,000)|331,684
(216,803)
901,470
500,000| ||Net cash (used in)/provided
by investing||activities||||(172,773)|1,516,351| ||Change in cash and cash equivalents|in the reporting||period|B||(373,223)|1,455,262| ||Cash and cash equivalents
at beginning|of|period||||3,290,622|1,835,360| ||Cash transferred
from predecessor
entity|||||||| ||Cash and cash equivalents
at end ofperiod||||B||2,917,399|3,290,622| |A.|RECONCILIATION
OF NET MOVEMENT IN FUNDS TO||||||2023|2022| ||NET CASH OUTFLOW FROM OPERATIONS|||||||| ||Net movement
in funds before transfer
Increase
in debtors
Increase creditors
Interest and dividends
Gains on investments||||||(472,281)
(104,556)
(2,100)
(408,500)
786,987|719,420
23,580
4,779
(331,684)
(477,184)| ||Net cash outflow from operations||||||(200,450)|(61,089)| |B.|ANALYSIS OF CHANGES IN CASH AND
CASH EQUIVALENTS|||At
1 September
2022|Cashflows||Other
Changes|At
31August
2023| ||Cash and cash equivalents
Deposit accounts|||118,991
3 171631|35,387
(408,610)|||154,378
2,763,021| |||||3,290,622|(373,223)|||2,917,399| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|INCOME FROM INVESTMENTS|INCOME FROM INVESTMENTS||2023|2022| |---|---|---|---|---|---| ||Investment
income
Loan interest
Rental income|||150,788
214,355
43,357|151,966
133,397
46,321| |||||408,500|331,684| |3.|DONATIONS|||2023|2022| ||Gross covenants
Other donations|||3,240
3,129|3,510
19,141| |||||6,369|22,651| |4.|CHARITABLE ACTIVITIES|||2023|2022| ||Grants to the Godolphin
and Latymer School
Support costs ofgrant making
(note 5)
Finance costs|||69,255
5,680
290|69,365
8,058| |||||75,225|77,423| |5.|ANALYSIS OF SUPPORT|COSTS||2023|2022| ||Management
charge
Governance
costs —Auditor's
Legal and professional
fees|remuneration|for audit fees|1,000
4,680|1,000
4,200
2,858| |||||5,680|8,058| ## ## |6.|INVESTMENTS|2023|2022| |---|---|---|---| ||Balance at 1 September
Additions|5,741,203
797,794|6,166,886
216,803| ||Disposals
Unreal ised investment
(loss)|(580,835)
(784,280)|(418,201)
(224,285)| ||Balance at 31 August 2023|5,173,882|5,741,203| ||The balance at 31 August 2023 was|made up ofthe following;|| ||Fixed interest Government
Stocks
UK Equities
Europe Equities
Unit Trusts
Global Other Equities
Cash|273,278
1,518,684
432,430
2,284,991
546,041
118,458|284,279
1,506,438
364,378
653,615
2,243,862
688,631| |||5,173,882|5,741,203| ||Historical cost|3,363,564|3,146,605| ||All investments
are quoted on a recognised UK Stock Exchange.||| |7.|INVESTMENT PROPERTY|2023|2022| ||At 1 September 2022
Revaluation|2,083,200
(88,393)|1,865,000
218,200| ||At 31 August 2023|1,994,807|2,083,200| ||Historical cost|1,933,597|1,933,597| ||The investment
property
was revalued
as at 31 August 2023 using the Nationwide
house price||indices.| |8.|DEBTORS: amounts
falling due
one year|in less than
2023|2022| ||Income tax recoverable
Prepayments
and accrued income
Amounts
due from the Godolphin
Amounts
due from the Godolphin
Loan to the Godolphin
&Latymer
Loan to the Godolphin
&Latymer|&Latymer School
&Latymer Foundation
School
Foundation
14,003
113,335
76,028
500,000
1,650,000|46
10,187
49,011
39,566
500,000| |||2,353,366|598,810| ## |DEBTORS: amounts|falling due after more than one year|2023|2022| |---|---|---|---| |Loan to the Godolphin
Loan to the Godolphin|Ec Latymer School
&Latymer School Foundation|180,000|680,000
700,000| |||180,000|1,380,000| ## ## ## |CREDITO|RS: amounts|falling due within|one year|||| |---|---|---|---|---|---|---| ||||||2023|2022| |Accruals|||||5,500|7,600| |FUNDS ANALYSIS||||||| |||At 31August
2022|Income|Expenditure|Investment
loss|At 31August
2023| |Unrestricted|funds|12,763,535|396,296|(100,163)|(786,987)|12,272,681| |Restricted funds
Endowment
funds||4,620
318,080|18,573|||23,193
318,080| |||13,086,235|414,869|(100,163)|(786,987)|12,613,954| |Comparative fund movements
in year||||||| |||At 31July
2021|Income|Expenditure|Investment
gains|At 31August
2022| |Unrestricted|funds|12,045,680|352,770|(112,100)|477,113|12,763,535| |Restricted
Endowment|funds
funds|3,055
318,080|1,565|||4,620
318,080| |||12,366,815|354,335|(112,100)|477,113|13,086,235| ## ## ## ## ## ||||Unrestricted|Restricted|Endowment|| |---|---|---|---|---|---|---| ||||Fund|Fund|Fund|Total| ||||2023|2023|2023|2023| |Fixed asset investment|||7,168,689|||7,168,689| |Non current assets|||180,000|||180,000| |Current|assets||4,929,492|23,193|318,080|5,270,765| |Current|liabilities||(5,500)|||(5,500)| ||||12,272,681|23,193|318,080|12,613,954| |Comparative||split ofnet|assets between funds|||| ||||Unrestricted|Restricted|Endowment|| ||||Fund|Fund|Fund|Total| ||||2022|2022|2022|2022| |Fixed asset investment|||7,824,403|||7,824,403| |Non current assets|||1,380,000|||1,380,000| |Current|assets||3,566,732|4,620|318,080|3,889,432| |Current|liabilities||(7,600)|||(7,600)| ||||12,763,535|4,620|318,080|13,086,235| ## ## ## ## |15.
COMPAR|ATIVE|STATEMEN|T OF FINAN|CIAL ACTIVITI|ES||| |---|---|---|---|---|---|---|---| ||||||||For the 13| ||||||||months
ended| |||||Unrestricted|Restricted|Endowment|31August| ||||||||2022| |||||Funds|Fund|Fund|Total| ||||Note||||| |INCOME
AND ENDOWMENTS|||||||| |FROM:
investments
Donations||||330,119
22,651|1,565||331,684
22,651| |Total income||||352,770|1,565||354,335| |EXPENDITURE|ON:||||||| |Raising funds:
Investment
Manager's||fees||34,676|||34,676| |Charitable
activities||||77,423|||77,423| |Total expenditure||||112,099|||112,099| |Net income before gains on||||240,671|1,565||242,236| |investments
Net gains on investments||||477,184|||477,184| |Net movement
in funds||||717,855|1,565||719,420| |Balance brought|forward|||12,045,680|3,055|318,080|12,366,815| |Balance carried|forward at 31|||12,763,535|4,620|318,080|13,086,235| |August 2022||||||||