Um￿lted Ststem¢Bts 31 D¢temb¢r 2011 s￿ Cwier FCA [￿hA M8ke Yow FiguTes Cwrtiimitrd ch￿ed Aceount•its 17 Clul H(x Syitsy Ro BA2 6NS P*rtb CoMtt¢ Y￿re￿I¢d 31 Iltfowb¢r 2023 P*Ee Tmste¢s' a[￿[jaI rcrA The folknwlttg p•rt of theaM*thl 18 Yt4rtfjdtd JI lknmber 2023 R¢kr¢n¢t*nd adJDiDiItrAtive 4l¢t*i1s Rtg¥t¢rtd ¢harity Ch*rity rtgiitralion ￿E￿I￿r Prin¢ip*l 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 Sc￿eMte￿2￿23 Mrs S Brotnley + M¢mb¢rof FiEWKf Committe¢ * Memberof E#atrs Committee Offiee M*Mger Mrs Dcox Ch¥pknim IDdepeftdeDt exAwiner SLrCarrerFCA t￿bA 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￿ Westtni￿￿Banl plc 39 Milsom Stre¢t BAI IRY Y*•re￿Ie￿ 31 D¢t¢wber2023 Govtrniug dotua<*t January 2012 (Tr Sthemel. Tr F£Tsons k8a]ty [eVn5￿k forttrt co]Jtrol atbJM*jag￿t ofthe Colleg¢ are the Tr￿tee5. Appointmat•f Trnite app)inttnent is fora *rni of fiveye4r& Trus¢¢e iDd*etlon 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 c5tsbli5l￿d to mver EsY2tes al Risk majyemtttt Pllblit btn¢fit charging of fees. T&w are satisfied thfit the ofthe dwity. a% irjow. ￿￿)r￿S wtth its staed objrttiv¢5 arwj r*ovide5 tawb]e knefrt5 to its be￿fiC1st]e$. The TrU￿S ￿ls1¢￿r th&t the crityia asxss kn wlx) may aT¢ notUn[e￿n￿bty TEStyiCliVe. ObJeetlvts activities Partis College 1$ •J] Almsh)use in Bath Ththich Exovr&s aco)mn>)datioti for ￿ to 35 over 50 ye4Js of 8g¢ WIK) are in conditions offM￿al h8r(khip or rrt with PIEf¢r￿gi¥￿J to Churd) of E￿laThd in xcordalltt with th¢ Tr￿* Dee(L Th¢ College JJa% a rKrni8nent eDthiwtuent ajttsisting of liwj St(Kk EXdI￿ Inwcs¢llKTrl4 tDw*ged by illveskn¢nt advisets. and monie50nde￿)Sit The income Fromdr¢EthwTren(jsuDres1rii*edardisusalio yJtsidi*tsTurmingcostsoftt*Colleg PTovi& for lis (X)EthuiLg Upkee￿ tyj ￿lI￿n be 8n>JKd For￿ tr*rtfiEof re5ithnts& the Try￿￿e$ think fft. Achitvemettts #•d p¢rforn*n¢¢ We t¥)Th1]tt￿d Ourprogra￿ of]nainreDm attr Colk8¢thr(wpknt theyw. Th¢ tru￿te$ anon80in8 p)li¢y to ittlprovethe f8bri¢oftlrbuildiwtkreby ¢kni￿t￿liV]￿m2rml￿s0f￿rI£sIde0￿.wtwn1it￿1Q￿o[krni* propertte they fall y￿)L nd T¢￿>rt on ttw)f voids rev￿ed in5ulat#xJ levels in a]1 tr) current strThJg￿ The frmt 5th wryndows Of priwerties MET¢ draughtprwfed a￿1 pu]ted during 2022 St￿ Ihe Tear wityhw5 thJrin8 2W23. Financial Aryil 2023. tEta)me from lis￿1 tiNesti￿ts reJnal￿ sle•ty * £17.79512022 £17.YJ8) atyl illti)m¢ from inv¢5bnwrt pto￿niC5 5hoNr4J a small i5*r￿ 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 menti￿al%)Ve al￿ the T￿lPt of a£20.(MXI rtstriltd (knnation. Colkgc QP¢TYtttLe costs ittch¥thng 5Wrt ￿jDtedtO £350,913 (2022 £3214681 ThE Itt¢rt￿Of £28.445 Tttlects the Inve8bmet)t maT•C¢)A8 aD￿U￿ £5.915 (2022£5.X191. A t￿tak￿￿kOftlKx rosts FK fw¥J at ￿te 8 to th a¢￿￿ts. TheCoU¢g¢]nade•Jovtz￿I thr￿ltor£I7265 (2022ikfiot£4ll92}ttfOr¢wxeali￿IgaI￿s0f£￿8s8{2O22 J05w£71182) College Propertit4 The College pro￿¢￿ date from 1825 tottsi< of34 a]m4KMLW whi(* ap￿￿ts; aTMJ a ￿]￿1. Ther¢ gJ¢ a further 2 hov5¢s which ar¢ (S￿rentlY id ￿ a COMn￿ F&is. Ikn to tkw¥¥e ate no r¢(J)rds of the origujal wsts: TTrJsl¢¢s hbve decided utthtake a y￿vat￿)n exerctsE g) llo Tftlue i8 WOF%rtits ID financial Invutmenl Pollty Investments ar¢ professlcrt￿ty IrtVe5tmcnt (**i￿l¥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&verr￿o￿lEsG}7nV￿lMeErtWlth its it1ve￿￿en1 tnana8ers, who ryrt YeBul8rty io thc Ttu#*S on the rErfOu￿ of Inv￿tt￿en￿ ar￿1 •)nually Èttets18 Tru5tecs' Tne¢ting to r¢vieiv fornjally wlicy rdunL8. ReK)ves Pol Th¢Coll¢ge h&$ his¢oricalty &bi8h kvcl of WU4$tr￿Te￿¥¢s￿s a￿￿ff￿ag¥1u$t Irf0￿seen major (X}￿5. Atthc ye8r end the l¢v¢l of Wtr¢Stric*d 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¢t￿￿Trth all incwe from monthly maintens[￿ chw Fqidby Tesld￿ts. Ihis iDfQrt is reasonabty (X)nsi￿1 from VCaT onyear. The Tn¥ste¢saim th ketp L Yt*r¢•thl 31 De¢eMbtr2 PJW periods Mr J P￿Wman Ttu%tee P•rts Colege VMr¢•ded 31 Dttethbtr2023 31 Dei%miw 2023. Rupwibililitj and b*w of r¢port requiremeDts of th¢ Chariixes Ao2011 I in re5rKctof m). exami]]atson ofthe fll*rtiaJ 5tsteM¢￿ L￿led 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 s￿li0n 14515Xb} of the Act IDdepemdellt txwniner's st*temeDt Since charity's rn i￿￿￿e exc*thl VS0.(KXI YO￿tXaMi￿ a ryKmt¢r ofa W Iisfed in s¢ction 145 ofthe 2011 Art. I confirni q￿]ifi¢d to the tccau5c l a theml*r of the It￿titi￿ of Cl￿rtard 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 st*cm¢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 Yt*rt#dtylJl Dernber2023 T•tsl Totsi futa Note corne 8Dd endow￿¢•￿ tknnations aTKI kg&ies Charitsb]e aL%ivitie8 InV￿tMent it￿4)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) ($915> 15209} tivitie 9.1• {349214) (1.6WI 13XIg131 {3214681 Totsl ewditu (353J18) (1.699) {356*28) {327,6771 Net Itxptttditur¢)fincoNe betore EDove]ueDt OD investments 133.753) l&301 {17W) {41192) Net 8aiti411o5￿I on inve5tmert% 12 7.962 14J {72,182) Net in¢omel(expendlthrel {25.791) 18JOI 13.085 SJ95 1114J74) Totat fi￿d5 broughi Totsl funds ￿rried forw4Td 589,409 14 301.967 1.019.812 563.618 32363 315.052 911033 5,438 Tht o* p*tc¥8 ty 16hr• p*rt of ha•d*l it*tsmc#l 31 Dtte*btr2 20 Nok Fixed asstts Tangible fixed &% InV￿￿)ellts 16 17 274.808 63628i 897.499 911.091 Currtnt assets DEbtors Ca¥h at battk a[￿ inhar¥J 5.935 1829 19.781 &764 Crtdttors." amounts falling d•e vithio one veAr Ne¢ Current aysets 19 (14.417) 13J34 15.653} Tot41 kg8 currtnt Ilabilitk• 911m3 9)5.438 N¢t wsets 911M33 5.438 Funds of the ¢h*rity Endowment tunds Restrict¢d fi]r￿S uT￿strict￿ fiuyjs 31S052 301.967 14.062 589,409 563ffj18 Totsl tharity fvnds 21 911W33 905.438 2(0 Rrnl 2oz and are signed on tsf ty. Mr J Bowryllat) Tntstec Mr A Davtcs Tht mott¥ p•gu 8t• 16 forn pArt of thtlt fo￿￿1*1 st*t¢mMt& hrtii C•M¢t¢ Notts th th¢ FiBaRti*l Sl*tth¢*ts Yure4ded 31 D¢¢Allber 21123 Gt4¢r•l ÉRfonDatlo of the principd offic¢ is Partis Way. BAI 3QD. Stat¢nwDt of tyu￿ FRS 102 I Fund atcounlkng Permment Ettdowlttent Fw Thi5 T¢Pr¢%ntst￿ capitsl of the Colkgfy tstv¢d from gifts ￿d le8x￿$ receivtsl 5iD(% its found￿in £250,IK)Oofthis fund w#s $pqrt ill 2(￿ on the refjJtbi8hti)ent of the Viokn WÉlls Wing 8 Cl]arity comm￿S￿n Orthr tl is not T¢payable. The balance is to kid and mair¢tained in Jwity. The bJDdshave l*en inv¢sl¢J to provith are credited to the PenTJan2nt ET¥kniTrent F Restricted Fw Unrestrid¢d F Trnstees, who [t￿Y desigwe cenaiti of these futds forsFtafi£ rA￿. ltt¢ome All inLY)me is llKIuLkd in tk ststhart of fitwrial xtivitits kn ¢rfitlemeM rwjty the L*Arity, it 1$ pxoEAble that the ¢conomic benefits a580ciatrd wtth fra￿lI￿ will tknw thc cjwity the #mount relAbly m￿￿red. The folJowiThg s￿ifiC 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 recogni￿5 atth¢ that thrity ￿l¢iF*l¢s il will pyto debtor the athount it h&% re*iv¢d &%*Jvanttd pryments for tkgiKth or strvices tt provtsje. T￿lIble Th¢ College was ￿T￿cted itt the of the 19th cttstttry •KI wa5 gifted to dwity. In aC￿rdar￿ with FitwKiai Re￿11* Ststthd IOItrColle8e ists)tJttowed iathefitsau¢iwl f05torvlliuation be ]ne*suY¢d Teliabty. ¢4pitalise TJeprttiatioD Dep￿rIatiOn is calL￿1#fed &% to Write off or valuaion ot*) &ss¢( ks5 its tesiduai Val￿ ov¢r the usefijl ¢¢0￿Mi¢ life of that &8 folknw3: Freehold Aeeomnting pobciu (c• IDwe&tmettts Listed investsneyrts activittes. Inv¢sttTJent protKty Two dwrliittgs8tth¢Cotyare￿[e￿I[y hrtii i8rntjxtssibkknoi*aaD avaltthofthrsr dwrlllr￿S ther¢fore, wlicy for Ihis as￿1 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)￿7￿j at the atncrtmi reteiv•ble OT Fwa)le ir••y relatyj tiaTLwl1￿ L*)*s. ceived &Jd llot I￿SCOUnted. Defined contr&ut*x pl*M Contr￿tIoNStr>dCfillCd ￿￿trib￿l0￿ plans forunploytr5aB T￿0￿)]5¢￿ as*J CXF4L* lntheFri￿j iDwhichtherela*d 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> y￿re•ded JI D¢cwlv2•2J Ch*ril*blEadivll 20 20 COnth￿thI0r￿ from TC5idents Income from use of jaL￿ry f￿11111e8 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$trd invests Bank intcreyt rtt¢iv•blc 39A 17.795 37.478 I7.￿18 67 37,478 I7.￿8 67 J7.710 57.710 55.453 55,453 Oth¢r Income Tfthl FDNd• UDrtskncl¢d TO￿ Funds 2023 2022 Ir*ome from sth of freeh)Id tit IiOt•) Unresth*41 To¢*1 Fun 2023 Bmkerfs marw¢rtch Investment Fyoputy ryir, refUrbith￿ le841 1.938 1166 3.749 2.166 4.104 5.915 uwejtrlc￿ ETh*)wmcnl Tot41 Fwlds Fu Funds 2022 Brok&5 mar4ement dJry4 1076 1.830 3.926 1283 3J39 1,850 5.209 li Yevejthd 31 DxeNbtr2011 ExpeAdtt*reott ¢h•rit*bkadivkns by fand typt Total FuT¥J5 2023 340.982 8.232 34Wi 349214 35L913 Rcstricrtd Total Funds FuThJ5 2022 309.816 8.189 4.463 314.279 8,189 Supwrt costs 31&IM15 4.463 321468 IIL Exptndltur¢ou eb•r*Abk •rfivitsu byattivtty typt Totsj hnd¥ 21123 Total fimds 2022 341681 5,127 3.105 347￿8 319.463 3,￿5 341681 3WJ3 322.468 I l. Anatysis of Jwppgrt twts Tots12023 Totst 2022 oirK¢ c05t5 J105 S127 3,(M)5 5,184 &189 12. 8ai¥l{kMes} on En(knwJ￿t Totsl F*lld5 2023 Fw¥ts Gaitt5 on lisod investtrfft 14.896 2022 (3&979) (35203) 1711821 12- Parth Cdkge Yurt•d¢d 31 Dtte*b¢T2•23 2022 ￿nd￿￿ryt ex8DJill*ion of the finantiai 575 550 1.790 2,340 14. Stsfftwts 2025 2022 Wages and saiaTf¢S Etnployer LY)ntr*bLtttlKJS•) pf*L5 46.950 1790 17 49.71x1 49,740 The aver8g¢ ljead cO￿)t of •nployces the ye4r wa5 2 (2022: 2). Ilr avera82 of full.time twiv mployees dttring theycar is a5 foltows". 2022 Nts. Th¢ Chaplain OffELY Man No ¢￿p10Ye¢ tt(tived empkn)w ber*fits thart £(￿.(K￿l thwitig tt￿Year(2022. Nil). Key MaD•ymeDt Per￿n￿e1 IS Trnstee rthum¢ration aDd ex 16. T*nglbk fix*1 8s*ts Freehold propeTty Cost Ae i J8Dtyary 2023 and 31 Dtttthb¢r2• Depreci*tiDA) At l Jarnwy 2023 ch￿8t foF th¢yfar A*31 Ikcemb¢r2023 111.496 119,460 Carryinz athouryt At31 Dtttmber2OLI 266144 At 31 DeC£thI￿ 2022 274.80É The fredxold Violet W￿lS W 13- Partii Coll¢¥e Year emdtd 31 Deeembtt2023 17. IAvestmthts equ1Vak￿ investttMts Total Cost or valllxtlow Al l 2011 Addiiton5 Disp￿1$ FAir value mov¢m¢tsts Movement in Ixsh Withdrawal irt y¢ At 31 D￿mber 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 C*rrying imOtsA¢ AI 31 DKember 2011 38.71 591.949 63Q&iS At 31 Lkwb¢r2022 67.532 56&751 636.283 Fln•ntl*l •u¢ts *t f*kv•lmt LL51ed inve8tyn¢nt5 held for iftvcs¢m￿t staled 81 value ¥ bkn Bh*td* any8•iti or los on mwiuatioTh bein8 wrditrAl¢hwbrd gt8t•n¢ttl of •¢*ivitic The historic c(rf¢ of litsj Inv¢stfj￿ts * 31 D￿¥M￿tr2023 was £499.913 {2022: £501.9891 l& Debto 2022 Othtr d¢btors 5,6J4 281 5.935 19. CJYdltorB: r￿101￿•¢71￿*1l fj*t 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 C*e YureRded 3J Dettmber2011 21. ADatysi8of cknritabk f*ttd¥ 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 3￿808 285.485 (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¢ndIll￿e on Wtng which h&s be ¢gch y¢arend ts equ8] to the rnt the Y￿ t￿1￿[the fixed assa trtttl byuTJrestrictrd fiuMJ5. RestrKted f•llds At l Jan2023 SiSt￿s Fu￿1 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%1￿1 lljd £5,(KMk to set up a Gre￿ Grthjp fiThl. The Violetwills Willgap￿￿ fi]r¥J 15 monies reLYived SFttirJL￿]Y knwardstr*o)Sts itaQ]Eredon thisWuTrE. tkpreciatiott charged wiA%t the a55¢t re(bJces this fllt￿ and balaff¢on at exhyfw t￿j is rKt b(x)k va]ue at 15- Notts to the FID*nd•l S¢•l¢w¢w (e*• Yw•d¢d 31 Ikn•b¢r2•23 21. An1￿11 of tb*rit•ble Effjdo*theD¢ fium 1 kn2023 G•ins At 31 Dte 2021 301.967 14J96 31SO52 Mi kn2022 l￿5¢5 ￿ 31 Drf 2022 339.020 11.850> 1352031 301.967 21 An•￿￿ bttw¢4* f4* Ullrestyi￿ Ezthwnent Totsl Fu*di 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 Erttknwne￿t TotAi Funds 2022 T￿81b￿ 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 I4,1￿2 301.967 23. ￿tst