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Heye￿￿ Ivilhiison BS¢FC4 DChA (Sc￿1￿5￿￿110ryAiIdlmt}
FotXndoA behalf of
Plice Bailoy LLP
Chaitered Accourttrants
Sraivtory iluditors
3id Fhur.
24 Old
VI8 4AP
Date: 13 December 2022

## 

||||||||||||||||T|t|I|TOt I|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||P|d||F|d||0|d||F<br>d|
||||||||N|t|2021||2021|2021|||2021|||2020|
|INCOME||||||||||520,599|||||||I 0,599|644,699|
|||||||||3|1,309,590|||||||1,309398||1,170,9GO|
||||||||3/ 18||||||392 9||||39E29|78,000|
||||||||||1,077,114|||||||1,077,114||1,135PIX|
|||||||||||1,7M|1st||||||1,928|,276|
|Otl||||||||||269,568|5,28||||||274,850|u9,791|
|Tot ll|||||||||3,\78615||5,383||39,320|||3,223,318||3,151,652|
|EXPENDITURF.|||||||||||||||||||
|||||||||||442,464|||||||142,(td|122,407|
|||||||||4<br>4|1,4,741<br>383,661|||||||1,425,741<br>383,6GI||IP53,898<br>3'4893'7|
|||||||||4||467,638|||||||IG7,638|671,029|
||G||||||4/ 18||||||96,|07|||96,297||
||||||||10|||||||||||1,000,000|
|Ttlnm|||dm||||||2,719,504||||96,|97||-"815.801||3829 2G6|
|||||||||10||||||||||(880,697)|
|||||||||||19,454|||||||19.454|(30,013)|
|N|tI«/(0|||p|dlt|)||8||470,565|5,383||(56,977)||||IM,971|(I, 88,324)|
|||||||||18||(279,810)|79,866|||(76)|||||
|NtM«Ill|||||d|||||198,725|8A249||(57,003)||||421,971|(1,588,324)|
|EGI||E|sat|p|6 d|||||079,P)I)|30,4'thG69||)01,71G|||29,748,091||31,33G,415|
|Tot ) lt||6|||||19/20||~580 5G9||30710918||41713|||3017506||29748091|





## 

||||||Notes|2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|---|---|
|Fixed Assets||||||||||
|Tangible assets|||||9||27,36(,fi51||27,626,864|
|Pmgmmmc<br>related mvestmentv|||||10||9,164,273||9,421,236|
|Investments|||||10||5,455,994||5,431,540|
||||||||42,281,91tl||42,481,640|
|Current Assets||||||||||
|Debtors and Prepayments|||||11|384,474||312,619||
|Cash at bank and m hand|||||12|798,127||955,197||
|||||||1,182,601||1,267,816||
|Creditors: Amounts|falling due|||||||||
|mithin one year||||||||2,608,537)||
|Net Current Liabilities|||||||1,218,599||1,340,721|
|Total Assets less Current Liabilities|||||||41,063,319||41,140,919|
|Creditors: Amounts|falling||due|||||||
|after more than one year||||||||||
|Ivfortgages<br>and other(cans|||||14||(I0,888,257)||(I1,392,828)|
||||||||||29748091|
|Funds|||||19/20|||||
|Uttrestncte&l.||||||||||
|General fund|||||||(580,569)||(779,294)|
|Destgnated||||||||||
|Jeremy 5V(ute Ivlemorial||I'cgotvslup||I'und||533,474||528,192||
|Ivltchacl Ihchards<br>ikdemo«ial|||Fund|||10,201||10,100||
|Properttes||||||21,48ZF96||21,202,530||
|Investment<br>propcrnes||revaluation||rcscrve||8,(84,847||8,684,847||
||||||||30,710,918||30,425,669|
|ltestrtctcd.||||||||||
|Jeremy IVhite lvlemonal||Bursar) Fund||||9,171||9,080||
|Intemanonal<br>Pro(ccts||||||35,542||92,636||
||||||||44,713||101,716|
||||||||||29,748,091|






## 

||||||Notes|2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|---|---|
|Fixed Assets||||||||||
|Tangible assets|||||9||20,245,795||20,411,529|
|Prohnammc<br>reLated investments|||||10||9,464,273||9,423,236|
|Investments|||||10||13,412,951||13,545,614|
||||||||43,123,019||43,380,379|
|Current Assets||||||||||
|Debtors|||||11|384,474||312,619||
|Cash at banli and in hand|||||12|764,532||921,533||
|||||||1,149,006||1,234,152||
|Creditors: Amounts|falling due|||||||||
|within one year||||||||3,473,610)||
|Net Current Liabilities|||||||(2,059,699||(2,239,458|
|Total Assets less Current|||LiabiTities||||41,063,320||41,140,921|
|Creditors: Amounts|falling due|||||||||
|after more than one year||||||||||
|Mortgages<br>and other|loans||||14||(10,888,257)||(11,392,829)|
|Nct Assets||||||||||
|Funds|||||19/20|||||
|Unrestricted:||||||||||
|General|||||||(580,568)||(779,293)|
|Designated:||||||||||
|Jeremy Wlute Memorial|||lieHoivslnp|Fund||533,474||528,192||
|hlichael Btchards Ivlemorial Fund||||||10,201||10,100||
|Properries||||||21,482,396||21,202,530||
|Investment<br>properties||revaluation||rescrvc||8,684,847||8,684,847||
||||||||30,710,918||30,425,669|
|Restricteih||||||||||
|Jeremy White Memorial|||Bursary Fund|||9,171||9,080||
|International<br>Projects||||||35,542||92,636||
||||||||44,713||101,716|





## 

|||Notes|2021|2021|2020|2020|
|---|---|---|---|---|---|---|
|Net Cash Inflou from Operating<br>Activities||22||845,402||622,529|
|Returns<br>on Investments<br>and|||||||
|Servicing ofFinance|||||||
|Bank tnterest paid|||(171,470)||(183,245)||
|Interest recco ed|||1,928||2,276||
|Net Cash Outflow from Returns on|||||||
|Investments<br>and Servicing|ofFinance|||(169,542)||(180,969)|
|Taxation|||||||
|Capital Expenditure<br>and Financial Investment|||||||
|Payments<br>to acquirc tangtble|fixed assets||(219,122)||(867,867)||
|Payments<br>to acquire propertl'|investmcnts||(46,037)||(I22 324)||
|Net Cash Inflow (Outflow)|from Capital Expenditure||||||
|and Financial Investment||||(265,159)||(990,191)|
|Net Cash Inflotv (Outflow)|before Financing|||410,701||(548,631)|
|Pinancing|||||||
|New long-term<br>loans|||||680,0UU||
|Ncw CBII.Sloan|||||500,000||
|Repayment<br>oflong-term<br>loans|||(567,771)||(176,505)||
|||||(567,771)||1,003,495|
|Increase/(Decrease)<br>in Cash||||157070|||
|Reconciliation<br>ofNet Cash Flow to Movement||in Net Debt|||||
|||||2021||2020|
|Incrcasc/(decrease)<br>in cash||||(157,070)||454,8G4|
|New long-term<br>loans<br>Repayment. oflong-term<br>loans||||567,771||(1,180,000)<br>17G,505|
|Movement<br>in Net Debt in the Year||||410,7U1||(548,631)|
|Nct debt at 1stOctober<br>(Note 22)||||(12,642,356)||(12,093,725)|
|Net Debt at 30th September|(Note 22)|||12231655||12642 35fi|





## 

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## 



## 

## 

|Analysis ofExpe|nditure|<br>2|020/21|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||0|tig<br>kuuds|I' 'ty|iteside<br>tial &<br>id<br>iisl<br>P g'||CI|G<br>4|S ppcn<br>c<br>t|2021<br>i.otal|
|||||Note|||||A'|||||
|Staff costs||||6a|||381,733||97,308||71,77G|161,349|712,166|
|Depreciition||||(j||34,531|231,145||38,253||180,406||484,335|
|Intcrcst paid||||5||132,397|||35,G91||||171,470|
|Catering|||||||165,722||26,527||55,935||248,184|
|I.ight &heat||||||5,788|117,491||30 5()2||29,940||183,811|
|Rent gr rates|||||||2,31C)||4,504||7,372||14,192|
|Ilamtcnancc||||||204,777|84,792||8,675||22,307|11,790|332,341|
|Replacements|||||||2,242||12,215||4,997||19,454|
|Oilier cot&||||||24,403|309,578||()4719||52,029|37,4US|51(l,137|
|Aucht||||||||||||35,414|35,414|
|Support Costs allocated <br>other cspnditures.||pro|rata on|||40,568|130,722||35,177||42,876|(249,343)||
|||||||442 4G4|1425 741||3836GI|467 638|||2,719,504|
|Charitable<br>Grants||||18|||||||||96 2r)7|
|Total 2021|||||||||||||2,815fl01|
|Analysis ofExpenditure||2019/20||||||||||||
||||||||R side<br>uei|Resid<br>ti I&||CII<br>d||Suppc<br>t|2020|
|||||||||o|- esneudsl||I dy|C<br>I|Total|
||||||||t|pogs<br>es||e|t«|||
||||||(restat d)||(restated)|(restated)||( e|tat d)|(restated)||
|||||Note||||||||||
|StaFFcosts||||6a|||319,134||72,133||63,232|159,127|G13,G26|
|Deprccianon||||9|||216353||G5,668|101,171||34,583|417,775|
|Interest paid||||5||137,119|||42,804|||3,322|183,245|
|Catering|||||||131,302||36,973||60,595||228,870|
|Light &heat|||||||117,574||33322||34,573||185,4C)9|
|Rent dr rates|||||||5,341||10,112||14,456||29,909|
|Ilamtenance|||||35G,742||78,0fi1||48,657||24,722||508,1(12|
|Rcplaccmcnu|||||||19,124||1,229||11,657||32,010|
|Other costs|||||||su3,531||9,704||40,835|207,758|591,828|
|Aurht<br>Support Cosa asocatcd pro<br>other expndrtures|||fata oil|||91,718|226,G52||59,541||C)5,231|38,352<br>(443,142)|,352|
||||||585 579||1 447 U72||380 143|416472|||2 82r) 266|
|Chantablc<br>Grants||||18||||||||||
|Impmrment<br>loss on programme<br>rehvied investment<br>propernes||||10|||||||||1,000,000|
|Total 2020|||||||||||||3829 2GG|





## 

||2021|2020|
|---|---|---|
||171,470|183,24|
||2021|2020|
||G 2,301|5G1,147|
||44,078|38,8 0|
||14,987|13,F79|
||712,166|613,676|
||2021|2020|
|A|t|At|
||9|5|
||37|32|
||2|I|
||18||



|||||||||||||||||||||||2021|||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||||||g||||
|||||||||||||||||||||||484,335|||417,775|
|||||||||||||||||||||||357111|||32,108|
||||||||||||||||||||||||||5,745|
||||||||||||||||||||||||||1,000,000|
||||||||||||||||||||||||||I|
|9|T<br>gbl|||B||dA||I|||||I|d|d||P|||||M I||||
||||||||||||||||||d|Htt|g*|||VMI||||
||AtltOtb|||||2020(||I td)||||||34,160,385||||66P19||||135,217|||34,362,521|
||||||||||||||||109,797|||||||29,325|||219,122|
||At 'loth|S||pl||b|2021|||||||34,350,182||||66,919||||161,512|||34,501,643|
||Atl to||t||b|2020(||tet d)||||||6,613,571||||55,817||||66,261|||6,735,657|
||Ch~|f|||th||||||||||444,546|||7,211||||32,570|||484,335|
||At30d|3||pt||5|2021|||||||7,058,125||||63,028||||98,839|||7,219,992|
||N ta<br>At30tl|kV <br> S*pt||||I<br>b|2021|||||||27|212057||~3891|||||G5,703|||27,361,651|
||At30thS|||pt||»5|21120(|||||||27,546806||||11|102|||68P15G|||27F26861|
||Th|tt||||t|It|gt thp|y|'0|d|t|nlrt|t t»sb«g||It|fld|Islt|.|t.|gtl|ttd|tb|3||





## 

|9|Tangible Fixed Assets (continued)|Tangible Fixed Assets (continued)|||||
|---|---|---|---|---|---|---|
||||Land and|Furniture|Motor||
||||Buildings|and Fittings|Vehicles|Total|
||Company|||A'|L||
||Cost or valuation:||||||
||At 1st October 2020 (restated)||24,763,070|66,919|135,217|24,965,206|
||Adrhtions<br>during<br>the Iear||189,797||29,325|219,122|
||Disposais||||||
||At 30th Scptcmbcr|2021|24,952,867|66,919|164,542|25,184,328|
||Depreciation||||||
||At 1stOctober 2020 (restated)||4,431,610|55,806|GG,2G1|4,553,677|
||Charge for thc year||345,0G7|7,211|32,578|384,856|
||Depreciation<br>on chsposal||||||
||At 30th September|2021|4,776,677|63,017|98,839|4,938,533|
||Net BookValue||||||
||At 30th September|2021|||||
||At 3tlth September|2020 (restated)||11113|||



|The restatements|relating|to the preiuous||years' 6xcd assets|are in relauon|to items being reclassiFied whilst rrumtanung|to items being reclassiFied whilst rrumtanung|the|same total|
|---|---|---|---|---|---|---|---|---|---|
|net bonk value||||||||||
|The details of Fixed msets||are as follows|—thcsc revaluations||have been taken as deemed cosrs following||the trannuon|to I'RS102.||
|||||||Group|Company|||
||||||2021|2020|2021||2020|
|||||||(restated)|||(restated)|
|Irod siid isddiiigr|||||A'|||||
|At cost|||||24,770,248|18,4fi7,fl23|24,771 774||18469 34ii|
|Transfers<br>to Programme||lielatcd Property||lrn cstmcnts|(6,1 12,628)|(fi,112,628)|(6,112,62f!)||(6,112,628)|
|Ai Trusteed<br>valuatii&n||—2018|||GG7,562|667,562|6G7,562||6G7,5G2|
|At pmfessional|valuation|—199G|||11,000,000|11,000,000|1,601,159||l,fi01,159|
|At professional|valuation|—1993|||4,025,000|4,025,000|4,025,000||4,025,000|






## 

|||||Group||Company||
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|At 30th Scptcmbcr, fixed|||asset mvestments|||||
|comprised|thc followmg|||||||
|Investment<br>Propcrtics<br>Listed mvestmcnts<br>at market value||||5,390,000<br>65,994|5,385,000<br>46,540|5,390,000<br>f)5,994|5,385,000<br>46,540|
|Inveitmcnts||m subsidiary|undenakmgs|||7,956,957|8,114,074|
|Programme||Related Property Investments||||Group and Company<br>2021<br>2020||
||||||||A'|
|B/fwd||||||9,423,236||
|Transfcc at||1October 2019 &om Fixed assets/investment||properties|||10305912|
|Additions||||||41,037|117,324|
|Impairment||on Onne Court property|||||(1,000,000)|
|C/Fwd||||||||



|Investment|Properties|||Group and|Company|
|---|---|---|---|---|---|
|||||2021|2020|
|8/fwd||||5,385,000|10,518,275|
|Ttansfcr at|1 October 2019to progmmmc|related investments|||(4,257,578)|
|Addiuons||||5,000|5,000|
|Disposals||||||
|Revaluation|in hne with open market vduations||for||(880,1971|
|adjoining properties.||||||





## 

## 

||||||||||Proportion of||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Voting Rights|Nature of|
|Company||||||||Holding|and shares held|Business|
|nabri//drip|s//din/is|Aigi|||||||||
|Neth«rhall|Residences pic||Companl|Number.||2845358||0rdmaiy||Property|
|||||||||shares|100%|Rental|
|New Nethcrhall||Resirlences pic|Company|Number||2845287|Ordinary|||Property|
|||||||||shares|100%|Rental|
|Netherhall|Intcmational||Company|Number.||3023523|Ordmary|||lsducation|
|I;ollege Linutcd||||||||shares|100%||
|Ncthcrhalf|Residences pic and New Nethcrhall||||Residences pic provide|||rental sccommndauon<br>for stuiients.|||



## 

|Results ofS|ubs|idiaries|Forth|e Y|ear to 30th September 2|021||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Netherhall|New|Netherhall||
|||||||Residences<br>pic|Netherhall<br>Residences<br>pic|International<br>College<br>Limited|Total|
|Turnover||||||99,298|172,562||271,860|
|Cost ofSales||||||(182,136)|(183,998)|||
|||||||(82,838)|(I1,436)||(94,274)|
|Administmtivc|expenses|||||(54,479)|(55 2(&2)||(109,771)|
|Other opemting||income||||||||
|Protit/(I. oss)|on|ordmary|acnvuies||beFore taxanon|(137317)|(6F,728)||(204,045)|
|Taxsuon||||||||||
||n/i||||||66 728||204045|
||||||||11129||19817|
|Assets||||||3,730,557|4,235,837|2,705|7,969,100|
|Liabiliues|||||||||(12,143)|
|Nct Assers/Shareholder|||Funds|311thSeptember 2021||||||





## 

|n|Debtors and Prepaymcnts|Debtors and Prepaymcnts|Debtors and Prepaymcnts|Group||Company||
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||||A'||
||Tax recoverable|||167,751|142,123|167,751|142,123|
||Other rlcbtorv|||196,317|170,496|196,317|170,496|
||Accruals and prepaymcntv|||20,406||20,406||
|||||||384 474|31261tl|
|12|Cash at bank and in||hand|Group|Group|Company|Company|
|||||2021|2020|2021|2020|
|||||A'||||
||Restricted|||44,713|101,716|44,713|101,716|
||Unrcsmcted|||753,414|853,481|719,819|819,817|
||||||||921533|
|13|Creditors: Amounts||falling due|Group||Company||
||trdthin<br>one year|||2021|2020|2021|2020|
||Secured mortgage|loans (Note 15)||454,514|374,155|454,514|374,155|
||Other unsecured|loans (Note 16)||1,687,010|1,830,571|1,687,010|1,830,571|
||Other tares and sonal||security|15,093|16,399|15,093|16,399|
||Other creditors|||53,376|97,154|53,376|91,716|
||Accruals aod defcrrcd||mcome|191,207|290,258|179065|270,750|
||Amounu<br>owed to subsidiaries|||||819647|890019|
||||||||3473610|



|||Group and|Company|
|---|---|---|---|
|||2021|2020|
|||A'||
|Balance|as at 1stOctober 2020|38,693|131,828|
|Rclcased|during thc year|(38,693)|(131,828)|
|Defened|durmg the lear|38,693|38,693|
|Balance|cerned fonvmd at 30th September 2021|||





## 

|14|Creditors:|Amounts<br>falling duc|Amounts<br>falling duc||Group and|Company||
|---|---|---|---|---|---|---|---|
||after more|than|one year|2021|2021|2020|2020|
|||||||&Restated)||
||Sccurcii mortgage||loans (sccNote 15)|||||
||- repayable|after|more than one year but witlun|||||
||five years|||1,860,122||1,898,648||
||- repayable|after|more than five years|8,721,496||9,085,451||
||||||10,581,618||10,984,099|
||Unsecured|loans|(see Note 16)|||||
||—repayable|after|morc than onc year but within|||||
||five years|||306,639||321,478||
||-repayable|after|morc than five years|||87,251||
||||||306,639||408,729|



## 

||||Group and|Company|
|---|---|---|---|---|
||||2021|2020|
|Amounts<br>falhng due;|||||
|in one yern or lcm& on demand|||454,514|374,155|
|&n more than|one year but not more|than two years|466,03f&|473,861|
|in more than|two years but not more|tlmn five years|1,394,086|1,424,787|
|m more than|five yeais||8,721,496|9,085,451|
||||11,036,132|11,358,254|
|Lem: included|in creditors —amounts|falling duc &vitlun one year (Note 13)|||
|Unsecured<br>Loans|||Group and|Company|
||||2021|2020|
|Amounts<br>falling duc:|||||
|in one year or|less on demand||1,687,010|1,830,571|
|after. onc year|but witlun<br>five years||306,639|321,478|
|in more than|five years|||87,251|
||||1,993,649|2,239,300|
|Less: included|in creditors —amounts|falling due within onc ycm (Note 13)|||



## 

## 



## 




## 

|19|Movement|Movement|on Reserves|2020/2021|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||Group|||At 1st|Income|Expenditure|Investment|Investmcnt|Transfers|At30th|
|||||October|||(Loss)/Gain|Properties|in Year|September|
|||||2020|||(unrealised)|Revaluations||2021|
|||||||||A'||A'|
||Un estricted:||||||||||
||Ciencral|||(779,294)|3,178,615|(2,719,504)|19,454||(279,840)|(580,569)|
||Designated:|||30,425,669|5,383||||279,866|30,710,918|
||Restricted:|||101716|39,32tl||||26|44713|
|||||||||||30175,062|
|||||At 1st|Income|Expenditmc|Investmeut|Investment|Transfers|At30th|
||Company|||October|||(Loss)/Gain|Properties|in Year|September|
|||||2020|||(umealised)|Revaluations||2021|
||||(Restated)||||||||
||Unrestricted:||||||||||
||Geneml|||P79,293)|2,90C,754|(2,258,814)|19,454||(279,840)|(391,738)|
||Designatnl|||30,425,669|5383||||279,866|30,710,918|
||Restricte.|||101,716|39,320||||26|44,713|
||||||||19,454|||30,363,893|
||Movement||on Reserves|2019/20|||||||
||Gronp|||At ht|income|Expenditure|Investment|Investment|Transfem|At 30th|
||||October||||(Loss)/Gain|Properties|in Year|Scptcmber|
|||||2019|||(unrcalised)|Revaluations||2020|
||Unrestncted:||||||||||
||Geneml|||(415,118)|3,145,092|(2,829,266)|(30,013)||(649,989)|(779Z94)|
||Deugnatcd|||31,652,719|5,330|(1,000,000)||(880,697)|648,317|30,425,C)69|
||Restrictedi|||98,814|1,230||||1,fi72|101,716|
|||||||||||29,748,091|
|||||At 1st|Income|Expendinue|Investmeat|Investmcnt|Transfers|At 30tl|
||Company||October||||(Loss)/Gain|Properties|in Year|Scptcmber|
|||||2019|||(unrealised)|(Loss)/Gain||2020|
||Unrestricted:||||||||||
||General|||(415,118)|2,660,016|(2,344,189)|(30,013)||(649i789)|(779,293)|
||Designat|d||31652719|5,330|(1,0()0,000)||(880,697)|648017|30,425,669|
||Restncted|||98,814|1,230||||1,672|101716|
|||||||||||29748092|





## 


## 



## 

## 

|(a) Reconc)Tiation ofnet mcome for thc year to net cash mflow &om operating|(a) Reconc)Tiation ofnet mcome for thc year to net cash mflow &om operating|(a) Reconc)Tiation ofnet mcome for thc year to net cash mflow &om operating|acnvttie).|||
|---|---|---|---|---|---|
|||||2021|2020|
|Net income for thc year||||426,971|(1,588,324)|
|Interest receivable||||(1,928)|(2,276)|
|Interest payable||||171,470|183,245|
|Realised gain on investmcnts|||||880,697|
|Unresliscd<br>gam/goss)<br>on mvestments||||(19,454)|30,013|
|Deprewation||||484,335|417,775|
|Impairment<br>ofasset|||||1,000,000|
|loss on rhsposal offixed assets||||(2)|1|
|Dccreme/(tncrease)<br>in debtors and prepayments||||(71,855)|(157,053)|
|(Dcrxcasc)/increase<br>m crcrhtors|and accruals|||||
|Net cash inflow from operating|activities|||||
|(b) Analysis ofchanges m nct debt.||At 1st|||At 30th|
|||October||Cash|September|
|||2020||Flow|2021|
|Cash at bank and in hand||955,198||(157,071)|798,127|
|||955,198||(157,071)|798,127|
|Debt due withm one year||(2,204,726)||(&3,202|(2,141,524)|
|Debt duc after one year||||504,571|(I0,888,257)|
|Net debt||||||



## 

|||||2021|2020|
|---|---|---|---|---|---|
|('o<br>ta Liuuted for Sounthbank|School at 16Nethmhall|Gardens|london NW3|||
|Wtduu one year||||320,000|320,000|
|Benveen two and five yems||||1,280,000|960,000|
|In over 5 years||||1,253,333|1,893,333|
|Total||||||
|with PA(T Educations& Tru~t I|imited for The (.'cdars School Cro||don|||
|Within one year||||240,000|240,000|
|Beuveen uvo and five years||||960,000|960,000|
|In over 5 years||||3,900,000|4,140,000|
|Total||||||



##