Umlted Ststem¢Bts 31 D¢temb¢r 2011 s Cwier FCA [hA M8ke Yow FiguTes Cwrtiimitrd ched Aceount•its 17 Clul H(x Syitsy Ro BA2 6NS
Prtb CoMtt¢ YreI¢d 31 Iltfowb¢r 2023 PEe Tmste¢s' a[[jaI rcrA The folknwlttg p•rt of theaM*thl 18
Yt4rtfjdtd JI lknmber 2023 R¢kr¢n¢tnd adJDiDiItrAtive 4l¢ti1s Rtg¥t¢rtd ¢harity Chrity rtgiitralion EIr Prin¢ipl offic¢ P¥tis Way BAI 3QD Tbt Trusttts MT A Davi¢s Mr D Atwell +MrR W HaTV¢y +Mr J Bowmart Mrs S Exton +Mrs M CthdtrA MT D M Phillips +Ms C Barrett Mrs S TolaT ATTX)iti 9 2023 Atp)inted 15 SceMte223 Mrs S Brotnley + M¢mb¢rof FiEWKf Committe¢ * Memberof E#atrs Committee Offiee M*Mger Mrs Dcox Ch¥pknim IDdepeftdeDt exAwiner SLrCarrerFCA tbA Ma¢ Your Figur¢5 Limiknj 17 Clan Ho Sythy Rowj BA2 6NS Inve5tmcnt advi ChErk8 & Co Limitsj 26 Q•t Squwc BAI 2HX N#E WesttniBanl plc 39 Milsom Stre¢t BAI IRY
Y•reIe 31 D¢t¢wber2023 Govtrniug dotua<t January 2012 (Tr Sthemel. Tr F£Tsons k8a]ty [eVn5k forttrt co]Jtrol atbJMjagt ofthe Colleg¢ are the Trtee5. Appointmat•f Trnite app)inttnent is fora rni of fiveye4r& Trus¢¢e iDdetlon traini orygnisation The Ttustees 8re apy)inted for a fiv¢ ytw term. lly Jnust J¥)Id * leam two ord1n meetillg5 in t nvelv¢ rKrto They ake ajl Folicy de¢isiolls atkl receive lkn are th¢ornmtttee5 c5tsbli5ld to mver EsY2tes al Risk majyemtttt Pllblit btn¢fit charging of fees. T&w are satisfied thfit the ofthe dwity. a% irjow. )rS wtth its staed objrttiv¢5 arwj rovide5 tawb]e knefrt5 to its befiC1st]e$. The TrUS ls1¢r th&t the crityia asxss kn wlx) may aT¢ notUn[enbty TEStyiCliVe. ObJeetlvts activities Partis College 1$ •J] Almsh)use in Bath Ththich Exovr&s aco)mn>)datioti for to 35 over 50 ye4Js of 8g¢ WIK) are in conditions offMal h8r(khip or rrt with PIEf¢rgi¥J to Churd) of ElaThd in xcordalltt with th¢ Tr Dee(L Th¢ College JJa% a rKrni8nent eDthiwtuent ajttsisting of liwj St(Kk EXdI Inwcs¢llKTrl4 tDwged by illveskn¢nt advisets. and monie50nde)Sit The income Fromdr¢EthwTren(jsuDres1riiedardisusalio yJtsiditsTurmingcostsofttColleg PTovi& for lis (X)EthuiLg Upkee tyj lIn be 8n>JKd For trrtfiEof re5ithnts& the Trye$ think fft. Achitvemettts #•d p¢rfornn¢¢ We t¥)Th1]ttd Ourprogra of]nainreDm attr Colk8¢thr(wpknt theyw. Th¢ trute$ anon80in8 p)li¢y to ittlprovethe f8bri¢oftlrbuildiwtkreby ¢knitliV]m2rmls0frI£sIde0.wtwn1it1Qo[krni propertte they fall y)L nd T¢>rt on ttw)f voids reved in5ulat#xJ levels in a]1 tr) current strThJg The frmt 5th wryndows Of priwerties MET¢ draughtprwfed a1 pu]ted during 2022 St Ihe Tear wityhw5 thJrin8 2W23.
Financial Aryil 2023. tEta)me from lis1 tiNestits reJnal sle•ty * £17.79512022 £17.YJ8) atyl illti)m¢ from inv¢5bnwrt ptoniC5 5hoNr4J a small i5r th £39.485 (2022 £37,478} reflecti a fidl ywof mt llKfcasrswhithMtte implemented in 2022. TO incotttirtg re50wcts thi5 y¢ar inc[ by £54.080 to £339565 {2022 £285,485}. This reflects rrt>t only the it)creases in residents, wntributionsAThl invesDDeTri pro itKtime mential%)Ve al the TlPt of a£20.(MXI rtstriltd (knnation. Colkgc QP¢TYtttLe costs ittch¥thng 5Wrt jDtedtO £350,913 (2022 £3214681 ThE Itt¢rtOf £28.445 Tttlects the Inve8bmet)t maT•C¢)A8 aDU £5.915 (2022£5.X191. A ttakkOftlKx rosts FK fw¥J at te 8 to th a¢ts. TheCoU¢g¢]nade•JovtzI thrltor£I7265 (2022ikfiot£4ll92}ttfOr¢wxealiIgaIs0f£8s8{2O22 J05w£71182) College Propertit4 The College pro¢ date from 1825 tottsi< of34 a]m4KMLW whi( apts; aTMJ a ]1. Ther¢ gJ¢ a further 2 hov5¢s which ar¢ (SrentlY id a COMn F&is. Ikn to tkw¥¥e ate no r¢(J)rds of the origujal wsts: TTrJsl¢¢s hbve decided utthtake a yvat)n exerctsE g) llo Tftlue i8 WOF%rtits ID financial Invutmenl Pollty Investments ar¢ professlcrtty IrtVe5tmcnt (il¥eS ar¢ for a bAl8nc4yJ aprmxl4 weeTh witaj growth atsj incom¢. The TnJst¢&8 have 8n itilwmem wlicy fAvowi iDvestthw rathw t1 a willingttssto illv in an)qhing. Thecbartty h&% agTffda frdD]ewotkof CnvirixllnetttsL Soctrai stK1&verrolEsG}7nVlMeErtWlth its it1veen1 tnana8ers, who ryrt YeBul8rty io thc Ttu#S on the rErfOu of Invtten ar1 •)nually Èttets18 Tru5tecs' Tne¢ting to r¢vieiv fornjally wlicy rdunL8. ReK)ves Pol Th¢Coll¢ge h&$ his¢oricalty &bi8h kvcl of WU4$trTe¥¢ss affag¥1u$t Irf0seen major (X}5. Atthc ye8r end the l¢v¢l of Wtr¢Stricd germj futth k) L107,451 {2022 £325J96118 siKJwTr in 21. TheTrustees thnsider this kvel of reservcs to appropri&c trt view of th¢ ty es atld the JtW81 v8r1*LL in tt£ value of our iEJvestsneni rtFolio. Income that is gcyKrnted Investi fiy¥]s is till$b]e fttu5¢by th¢ CA)Ile8e I08¢tTrth all incwe from monthly maintens[ chw Fqidby Tesldts. Ihis iDfQrt is reasonabty (X)nsi1 from VCaT onyear. The Tn¥ste¢saim th ketp L
Yt*r¢•thl 31 De¢eMbtr2 PJW periods Mr J PWman Ttu%tee
P•rts Colege VMr¢•ded 31 Dttethbtr2023 31 Dei%miw 2023. Rupwibililitj and bw of r¢port requiremeDts of th¢ Chariixes Ao2011 I in re5rKctof m). exami]]atson ofthe fllrtiaJ 5tsteM¢ Lled out wKkrxdion 145 of the 2011 Art wnd in C8Jryin8 Out ]ny wrnination I htve folloi4rd all applid>le DItEdio giv¢D ty the Ch&ity Co]]U]siOn UD(kr sli0n 14515Xb} of the Act IDdepemdellt txwniner's sttemeDt Since charity's rn ie excthl VS0.(KXI YOtXaMi a ryKmt¢r ofa W Iisfed in s¢ction 145 ofthe 2011 Art. I confirni q]ifi¢d to the tccau5c l a themlr of the Ittiti of Clrtard Accoutltants in FA)818od sttd Wa]es aCAEWk wljich is Orth¢ ILoed tAxlies. )urbting reL¥)rth were Th)t k4rt inTCSTtct of th dwity o wjircd ty se£tim 130of ts A¢ or the stcm¢nts th) rM)t compty with the applicabk r4uite]tiwrt5 ix)J¢rn1ll8 the form ntent of At¢ounts set out in the C1Jarits¢s IA(wutLts Rew>rtsl R¢guJati(m5 20( ots any requiraneni that accoukts gtv¢ a'tr &Jd fai¢ view which is ryAamatitt corL%idertl % part of exkmu]iotL Carter FCA IKhA ItJd¢p¢n(knt Examir Mak¢ YOUT Figures Cothjt Limitrj Chartered Ac£ountaTrts 17 Cl8n House Syikny Rosj Bath BA2 6NS 2Lfy/.,/ 202< Dr8ft Aeeount
Ytrt#dtylJl Dernber2023 T•tsl Totsi futa Note corne 8Dd endow¢• tknnations aTKI kg&ies Charitsb]e aL%ivitie8 InVtMent it4)me 249.855 57.710 249JSS 57.710 229.232 55.453 TotAI Income 319.565 339J65 285.485 Eipenditttre Expenditur¢ on taisirg fiJr&ts.. Investhjcnt (4,ItM) ($915> 15209} tivitie 9.1• {349214) (1.6WI 13XIg131 {3214681 Totsl ewditu (353J18) (1.699) {35628) {327,6771 Net Itxptttditur¢)fincoNe betore EDove]ueDt OD investments 133.753) l&301 {17W) {41192) Net 8aiti411o5I on inve5tmert% 12 7.962 14J {72,182) Net in¢omel(expendlthrel {25.791) 18JOI 13.085 SJ95 1114J74) Totat fid5 broughi Totsl funds rried forw4Td 589,409 14 301.967 1.019.812 563.618 32363 315.052 911033 5,438 Tht o ptc¥8 ty 16hr• prt of ha•dl it*tsmc#l
31 Dttebtr2 20 Nok Fixed asstts Tangible fixed &% InV)ellts 16 17 274.808 63628i 897.499 911.091 Currtnt assets DEbtors Ca¥h at battk a[ inhar¥J 5.935 1829 19.781 &764 Crtdttors." amounts falling d•e vithio one veAr Ne¢ Current aysets 19 (14.417) 13J34 15.653} Tot41 kg8 currtnt Ilabilitk• 911m3 9)5.438 N¢t wsets 911M33 5.438 Funds of the ¢hrity Endowment tunds Restrict¢d fi]rS uTstrict fiuyjs 31S052 301.967 14.062 589,409 563ffj18 Totsl tharity fvnds 21 911W33 905.438 2(0 Rrnl 2oz and are signed on tsf ty. Mr J Bowryllat) Tntstec Mr A Davtcs Tht mott¥ p•gu 8t• 16 forn pArt of thtlt fo11 stt¢mMt&
hrtii C•M¢t¢
Notts th th¢ FiBaRtil Sltth¢ts
Yure4ded 31 D¢¢Allber 21123
Gt4¢r•l ÉRfonDatlo
of the principd offic¢ is Partis Way. BAI 3QD.
Stat¢nwDt of
ltt¢ome All inLY)me is llKIuLkd in tk ststhart of fitwrial xtivitits kn ¢rfitlemeM rwjty the LArity, it 1$ pxoEAble that the ¢conomic benefits a580ciatrd wtth fralI will tknw thc cjwity the #mount relAbly mred. The folJowiThg sifiC wblici¢5 awli¢d to wtwaJJ•r (gories ofitrollK: its 8mount catt k Jll¢asuttd rejiabty. Debtors Exp¢ndi¢ure u]r¢¥ne Li•bilitieJ Liabilities ate rewgni%d È5 atl oHigation at thc a resutt of a ¢venL it is pn)bÈble liably. LiÈbiltti¢s recogni5 atth¢ that thrity l¢iFl¢s il will pyto debtor the athount it h&% reiv¢d &%Jvanttd pryments for tkgiKth or strvices tt provtsje. TlIble Th¢ College was Tcted itt the of the 19th cttstttry •KI wa5 gifted to dwity. In aCrdar with FitwKiai Re11 Ststthd IOItrColle8e ists)tJttowed iathefitsau¢iwl f05torvlliuation be ]nesuY¢d Teliabty. ¢4pitalise TJeprttiatioD DeprIatiOn is calL1#fed &% to Write off or valuaion ot) &ss¢( ks5 its tesiduai Val ov¢r the usefijl ¢¢0Mi¢ life of that &8 folknw3: Freehold
Aeeomnting pobciu (c• IDwe&tmettts Listed investsneyrts activittes. Inv¢sttTJent protKty Two dwrliittgs8tth¢Cotyare[eI[y hrtii i8rntjxtssibkknoiaaD avaltthofthrsr dwrlllrS ther¢fore, wlicy for Ihis as1 foUtrw3 tbt aFpIKd to the test of tt¢ Coll¢B¢ &% explained in the T208ible Assrts a)untiDg p)li¢y FID#nelal InattyJtt¢nts A fllM)cial a fitwicial is provision5 are initially re1x)7j at the atncrtmi reteiv•ble OT Fwa)le ir••y relatyj tiaTLwl1 L)s. ceived &Jd llot ISCOUnted. Defined contr&utx plM ContrtIoNStr>dCfillCd tribl0 plans forunploytr5aB T0)]5¢ asJ CXF4L lntheFrij iDwhichtherelad Donati008 nd k¢i¢s To¢41 Fuuds 2023 DoD8tion 20.INKI 20,fJXI 20.¢MKI 20OiKI 2022 L¢ga¢ies 8(K) 8(M>
yre•ded JI D¢cwlv2•2J ChrilblEadivll 20 20 COnththI0r from TC5idents Income from use of jaLry f11111e8 atyj gwst 245.Wl 226J89 4,764 4764 1643 2.(A3 249.855 249355 229232 229.112 Uwesthcted Tot Fy#d¥ Uwi Fur¥Js 2023 TO Fund5 2022 39.485 17.795 430 Income from li$trd invests Bank intcreyt rtt¢iv•blc 39A 17.795 37.478 I7.18 67 37,478 I7.8 67 J7.710 57.710 55.453 55,453 Oth¢r Income Tfthl FDNd• UDrtskncl¢d TO Funds 2023 2022 Irome from sth of freeh)Id tit IiOt•) Unresth41 To¢1 Fun 2023 Bmkerfs marw¢rtch Investment Fyoputy ryir, refUrbith le841 1.938 1166 3.749 2.166 4.104 5.915 uwejtrlc ETh)wmcnl Tot41 Fwlds Fu Funds 2022 Brok&5 mar4ement dJry4 1076 1.830 3.926 1283 3J39 1,850 5.209 li
Yevejthd 31 DxeNbtr2011 ExpeAdttreott ¢h•ritbkadivkns by fand typt Total FuT¥J5 2023 340.982 8.232 34Wi 349214 35L913 Rcstricrtd Total Funds FuThJ5 2022 309.816 8.189 4.463 314.279 8,189 Supwrt costs 31&IM15 4.463 321468 IIL Exptndltur¢ou eb•rAbk •rfivitsu byattivtty typt Totsj hnd¥ 21123 Total fimds 2022 341681 5,127 3.105 3478 319.463 3,5 341681 3WJ3 322.468 I l. Anatysis of Jwppgrt twts Tots12023 Totst 2022 oirK¢ c05t5 J105 S127 3,(M)5 5,184 &189 12. 8ai¥l{kMes} on En(knwJt Totsl Flld5 2023 Fw¥ts Gaitt5 on lisod investtrfft 14.896 2022 (3&979) (35203) 1711821 12-
Parth Cdkge Yurt•d¢d 31 Dtteb¢T2•23 2022 ndryt ex8DJillion of the finantiai 575 550 1.790 2,340 14. Stsfftwts 2025 2022 Wages and saiaTf¢S Etnployer LY)ntrbLtttlKJS•) pfL5 46.950 1790 17 49.71x1 49,740 The aver8g¢ ljead cO)t of •nployces the ye4r wa5 2 (2022: 2). Ilr avera82 of full.time twiv mployees dttring theycar is a5 foltows". 2022 Nts. Th¢ Chaplain OffELY Man No ¢p10Ye¢ tt(tived empkn)w berfits thart £(.(Kl thwitig ttYear(2022. Nil). Key MaD•ymeDt Perne1 IS Trnstee rthum¢ration aDd ex 16. Tnglbk fix1 8sts Freehold propeTty Cost Ae i J8Dtyary 2023 and 31 Dtttthb¢r2• DeprecitiDA) At l Jarnwy 2023 ch8t foF th¢yfar A31 Ikcemb¢r2023 111.496 119,460 Carryinz athouryt At31 Dtttmber2OLI 266144 At 31 DeC£thI 2022 274.80É The fredxold Violet WlS W 13-
Partii Coll¢¥e Year emdtd 31 Deeembtt2023 17. IAvestmthts equ1Vak investttMts Total Cost or valllxtlow Al l 2011 Addiiton5 Disp1$ FAir value mov¢m¢tsts Movement in Ixsh Withdrawal irt y¢ At 31 Dmber 2023 67J32 J68.751 69269 143.9291 21858 63A283 69269 143,9291 22&58 {28W61 2511) 12&820} {u.(KK)I 3&7C 591.949 lTrpalrM¢•t A¢ l Jxnmry 2fr11 and 31 Tl¢ember 2023 Crrying imOtsA¢ AI 31 DKember 2011 38.71 591.949 63Q&iS At 31 Lkwb¢r2022 67.532 56&751 636.283 Fln•ntll •u¢ts t fkv•lmt LL51ed inve8tyn¢nt5 held for iftvcs¢mt staled 81 value ¥ bkn Bhtd any8•iti or los on mwiuatioTh bein8 wrditrAl¢hwbrd gt8t•n¢ttl of •¢ivitic The historic c(rf¢ of litsj Inv¢stfjts * 31 D¥Mtr2023 was £499.913 {2022: £501.9891 l& Debto 2022 Othtr d¢btors 5,6J4 281 5.935 19. CJYdltorB: r101•¢711l fjt year 2OLI 2022 Oth¢r(dIto 13.471 14.734 14.417 2& P¢wlonJ And oth¢T Pwt rtllrtm¢ beBellts D¢fined contrlb¥lw plans 12¢r22.. £2.7901. 14-
Partk Ce YureRded 3J Dettmber2011 21. ADatysi8of cknritabk fttd¥ Utsrntrx¢ed At l J8n 2023 Gaiths A¢31 Det 2023 325.5 319.565 (345ffi72) Vlokt Wills Wing rbishtncntiksiwld fi]TrJ 307A51 263.813 (7,6161 25A167 589.4(B 319.565 {353Jl81 563.618 At l Jatt2022 IA)w 31 Dec 2022 Gen¢T¥I funds Violet Wills Wing 3808 285.485 (313.718) (3fi979} 325.596 271,459 263.813 661267 285.485 {32lJ64) (36.979) 589.409 The viol Wilb W'ing Tefirbishme¥rt d¢sigrmcd fwj th¢ chariws exF¢ndIlle on Wtng which h&s be ¢gch y¢arend ts equ8] to the rnt the Y t1[the fixed assa trtttl byuTJrestrictrd fiuMJ5. RestrKted f•llds At l Jan2023 SiSts Fu1 Violet Wi115 Wi G[1 Broup 3.1kn7 10.995 15.IKI) (1.3811 (3181 JOth77 14.062 11.699) 32J63 At l J8n2022 Sistrrs Fth Viol¢t Wills Wing 7212 IlJ13 14.1451 (318) 3,(67 10.995 185 (4.463} 14,062 The Sisters was creawj frrxn athn&vJn of£5.(th rxrived in 2WJ to u%d for of"imprtiviDg lifestyle of resith]]ts'. keeping th¢ College'gre¢n" aJNJ torq)itlE up Sisters Fut.. k*d £15,OW the Sths F%11 lljd £5,(KMk to set up a Gre Grthjp fiThl. The Violetwills Willgap fi]r¥J 15 monies reLYived SFttirJL]Y knwardstro)Sts itaQ]Eredon thisWuTrE. tkpreciatiott charged wiA%t the a55¢t re(bJces this fllt and balaff¢on at exhyfw tj is rKt b(x)k va]ue at 15-
Notts to the FIDnd•l S¢•l¢w¢w (e• Yw•d¢d 31 Ikn•b¢r2•23 21. An111 of tbrit•ble EffjdotheD¢ fium 1 kn2023 G•ins At 31 Dte 2021 301.967 14J96 31SO52 Mi kn2022 l5¢5 31 Drf 2022 339.020 11.850> 1352031 301.967 21 An• bttw¢4 f4 Ullrestyi Ezthwnent Totsl Fudi FuThJs 20LI T8nBibk rJ Inveslments Citrrertt &8se credi¢$ less l y¢ar N¢¢ 41$1¢ty 25&167 29&9l7 23268 (14.734) lQ677 16086 266&14 &30,655 28268 114,7341 315.052 563.618 32J63 31S.052 911.033 Erttknwnet TotAi Funds 2022 T81b Inv¢5tm¢nl8 Curr¢nl Crediiots 1¢$$ I 263.813 331249 8.764 11441T) 10.993 3.7 274.808 631283 8,764 114.417) 905,438 301,967 ••t 589.409 I4,12 301.967 23. tst<d prl 16-