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|Council's Report|1-4|
|Auditor's
Report|5-7|
|Statement of Financial Activities||
|Balance sheet||
|Cash Flow Statement|10|
|Notes to the Financial Statements|11 - 15|
|Investment
Schedule|16-23|
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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||Funds|Funds|
||||Note|2022|2021|
|INCOME FROM||||9|5|
|investments||||350,321|336,627|
|Donations
and legacies||||96,640|86,390|
|Total Income||||446,961|423,017|
|EXPENDITURE ON||||||
|Raising Funds
—Investment||Manager Costs||(3,543)|(12,759)|
|Charitable
activities|||8&9|(412,542)|(421,618)|
|Total Expenditure||||(416,085)|(434,377)|
|Net (expenditure)/income|before gains|||||
|and losses on Investments||||30,876|(11,360)|
|NetGains/(losses)
on investments||||(459,645)|1,598,099|
|Net Income/(Expenditure)||||(428,769)|1,586,739|
|Fund Balance as at 1 September 2021||||10,820,819|9,234,080|
|Fund Balance as at 31August 2022||||10,392,050|10,820,819|
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|||Note|2022||2021||
|---|---|---|---|---|---|---|
|FIXEDASSETS
Investments
Tangible Assets||||9,592,822
61||9,783,643
76|
|||||9,592,883||9,783,719|
|CURRENTASSETS|||||||
|Child &Co Bank Accounts|||867,505||841,910||
|Stockbrokers
accounts|||41,853||303,858||
|Debtors|||||1,000||
||||909,358||1,146,768||
|CREDITORS: Amounts
Within one Year|falling due|10|110,191||109,668||
|NET CURRENT ASSETS||||799,167||1,037,100|
|TOTAL NETASSETS||||10,392,050||10,820,819|
|Represented
by:|||||||
|UNRESTRICTED FUNDS||||10,392,050||10,820,819|
|||||10,392,050||10,820,819|
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||||Note|||
|Cash|used in operating
activitfes|||||(317,907)|(310,133)|
|Cashflowe from Investing
activities||||||||
|Purchase
ofinvestments||||||(4,478,155)|(2,880,753)|
|Proceeds from sale of Investments||||||4,209,331|3,164,763|
|Decrease/gncrease)
in investment||portfolio|cash|||264,157|(271,251)|
|Investment
income||||||350,321|336,627|
|||||||345,654|349,386|
|Increase in cash at bank and on||deposit||||27,747|39,253|
|Cash|at bank and on deposit at beginning|||ofyear||842,071|802,818|
|Cash|at bank and on deposit carried forward|||||869,818|842,071|
|Note to Statement ofcash flows||||||||
|||||||2022|2021|
|a|Reconciliation
of Net expenditure||to|||||
||Net Cash outflow from Operating||Activities|||||
||Net (expenditure)/income|||||(428,769)|1,586,739|
||Increase
in creditors|||||523|28,835|
||Decrease
in Debtors|||||1,000|9,000|
||Investment
Income|||||(350,321)|(336,627)|
||losses/(gains)
on investments|||||459,645|(1,598,099)|
||Depreciation|||||15|19|
|||||||(317,907)|(310,133)|
|b|Cash and cash equivalents|||||||
||Child & Co bank accounts|||||867,505|841,910|
||Stockbroker income account|||||2,313|161|
|||||||869,818|842,071|
|c|Changes
in net debt||||At 1 September|Cash Flows
At|31August|
||||||6|6|f|
||Cash at bank and
In hand||||842,071|27,747|869,818|
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|Fund Accounting
Unrestricted
funds are available
to spend
on activities that further
Material Judgements
and uncertainties|Fund Accounting
Unrestricted
funds are available
to spend
on activities that further
Material Judgements
and uncertainties|Fund Accounting
Unrestricted
funds are available
to spend
on activities that further
Material Judgements
and uncertainties|any ofthe purposes ofthe charity.|any ofthe purposes ofthe charity.|any ofthe purposes ofthe charity.|any ofthe purposes ofthe charity.||
|---|---|---|---|---|---|---|---|
|The preparation
ofthe financial statements
requires
management
that affect the amounts
reported for assets and liabilities as at the
revenues
and expenses
during the year. The nature ofestimation|||to make judgments,
estimates
and assumptions
balance sheet date and the amounts
reported
means the actual outcomes
could differ from||||for|
|those estimates.
There are no judgements
financia statements.|made that have a significant
effect on the|||amounts|recognised
in the|||
|TANGIBLE ASSETS
(Office equipment)|||2022f|||2021f||
|Cost at 1 September 2021|||11,598|||11,598||
|Additions||||||||
|At 31August 2022|||11,598|||11,598||
|Depredation
at 1 September 2021|||11,522|||11,502||
|Depreciation
for the year|||15|||20||
|At 31August 2022|||11,537|||11,522||
|Net Book Value 31August 2022|||61|||76||
|LISTED INVESTMENTS|||2022f|||2021
f||
|Listed Securities on U.K Stock Exchange||||||||
|Market Value as at 1 September 2021|||9,783,643|||8,469,554||
|Less: Disposals at opening
market value||||||||
|(proceeds f4,209,331)|||(4,449,682)|||(2,973,544)||
|Add: Acquistlons
at cost|||4,478,155|||2,880,753||
|Unrealised
(losses)/gains
during the year to|31August|2022|(219,294)|||1,406,880||
|Market Value as at 31August 2022|||9,592,822|||9,783,643||
|Historical cost as at 31August 2022|||9,814,971|||9,340,105||
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|4|INCONIE||||||2022|||2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||8|||5|
||Investment
Income||||||349,095||327,203||
||Non UK Investment||Income|||||||9,349|
||Deposit Account Interest
Stockbroker
Interest||||||290
936|||75|
||||||||350,321||336,627||
|5|DONATIONS
RECEIVED||||||2022f|||2021
8|
||Appeal
Lucy Mathison
W0Street Foundation||||||640
1,000
40,000|||1,390
30,000|
||Eleanor Hamilton||||||55,000|||55,000|
||||||||96,840|||86,390|
|6|EDUCATION||||||||||
||HIGHER EDUCATION||||||2022|||2021|
||||||||8|||E|
||Direct Individual|fee|assistance|Sixth Form|||315,405||306,386||
||Scholarship
Bursary||||||21,000|||21,000
10,000|
||||||||336,405||337,386||
|7|Allocation ofSupport cost
and overheads||||2022 Support
Costs||2022
Governance|2022 Total
Costs|2021 Total
Costs||
||||||||Costs|Allocated|Allocated||
||||||8||8|8|8||
||Staff Costs
Administration||||28,825
33,813||2,907
12,577|29,732
46,390||35,790
48,423|
||Depreciation|||||13|2|15||19|
||||||60,651||15,486|76,137||84,232|
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||f60,000.The Council consider that there are no
Neither the Council nor persons connected
with
Foundation.
The aggregate
amount ofreimbursed
expenses|f60,000.The Council consider that there are no
Neither the Council nor persons connected
with
Foundation.
The aggregate
amount ofreimbursed
expenses|f60,000.The Council consider that there are no
Neither the Council nor persons connected
with
Foundation.
The aggregate
amount ofreimbursed
expenses|employees
that qualify as key management
personnel.
them received any remuneration
or other benefits from the
paid to the Council members
was FO (2021:fO).|employees
that qualify as key management
personnel.
them received any remuneration
or other benefits from the
paid to the Council members
was FO (2021:fO).|employees
that qualify as key management
personnel.
them received any remuneration
or other benefits from the
paid to the Council members
was FO (2021:fO).|employees
that qualify as key management
personnel.
them received any remuneration
or other benefits from the
paid to the Council members
was FO (2021:fO).|employees
that qualify as key management
personnel.
them received any remuneration
or other benefits from the
paid to the Council members
was FO (2021:fO).|
|---|---|---|---|---|---|---|---|---|
||The Foundation
operates a defined contributions
from those ofthe Foundation
in an independently|||pension scheme. The assets ofthe scheme are held separately
administered
fund. The pension cost charge represents|||||
||contributions
payable
by
(2021:FO) were payable|the Foundation
to the fund and amounted
to the fund at the balance sheet date.|||||to 8Nil (2021:f0).Contributions|totalling
ENil|
|10|CREDITORS, amounts|falling due within one||year|||2022
f|2021
8|
||Accountancy
fees||||||5,100|5,100|
||Audit fees||||||8,700|7,800|
||Wages & PAYE & NIC||||||1,391|1,768|
||Deferred Income||||||95,000|95,000|
||||||||110,191|109,668|
||Deferred income was from two donation's
prior year defered income was released||that were received
in the current year.||in|advance ofthe 2022/2023 academic||year. The|
|11|Debtors||||||2022
6|2021f|
||School fees|||||||1,000|
|||||||||1,000|
##
|12|Financial|Instruments|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||Ffnanclal|Assets|||6|6|
||Financial|assets measured|at fair value||9,592,822|9,783,643|
||Financial|assets measured|at amorfised cost|||1,000|
||||||9,592,822|9,784,643|
||Financial|liabilities|||||
||Financial|liabilities measured|at amortlsed|cost|13,800|12,900|
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