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manA￿nieNt nverTide.. T(Tr address the risk c)f Man2￿Ment nverride of contr£ils, carried out testinK of joumal entties Ancl
)thtT 2djii%tments for appr()priaten¢ss. ITlt also a8%es8ed management bias in Te12ti0n to tht accountitjg pcilicie5 Adopreil ancl in
dtttrrnining Si￿1fiCant accotsnting estimates. including the valuation of ini'e5tmeAtS.
B¢c2us¢ of the inherent knTni¢atic?n$ of 2n 2udii there is a risk that w¢ wdl nor deteci o]1 irrt%ulaiities, including thi)4¢ leding to
a material misststement in the fJnJncial sr#t¢nients ur tJun-£onipbancc Tritl) r¢gulAttun. Ihis ri4k increA%e.4 the morc that
compli*ncc with a la￿ ur ieMFulAttun Is rcmi?i'cil Irom the ¢vints and ttangactjljns reflecttd in thc finxnciAI statements. %*
bc Ic55 likely to bccutne aii'are of in4¢￿1£¢5 of nun-cumpli#nce.'I'he Tisk is also %tcattr rL'gArding irre￿I￿ritIeS occu￿]rt￿ due
to fraud tather than error. a5 Ixaud InY¢Jits intentio￿] coftcealmtllL collusion, orni5si¢)n or mistcprcsentauon.
A further description of our respoAsibth"ucs Js avxilable the FRC'S websiit ar.. https..//ivww.frc.(Jrg.ukl2uditors/alldit-
ossurance/2uditor-s-respon5ibihts¢5-for-the-audit-of-tlie-fi/destriptiots-(>f-thc-xuditor.s-re5pnsibiiltiCs-fOr. This description
forms part of our audItor'5 repott.
Use of tsllr report
This rtport is stsleli. to thc parent charitable CfJmpan} s membcrs. as i bod}.. In &ccntd#nce with C.haprer 3 of Parr 16 of
the C.nmpnies Act 20(￿, and tti rhe parent chatitablt compani-'s trustees, as # b()d!', in accordance R¢giilation 10 of the
f.harities Accountb (Scotland) Rcgularions 20116. Our Audit work has bcen und¢mken 50 that we might Sfaie to the parent
charitable cnmpan}'s members and it5 trustees th()$e matiers we arc required rLS State to them in auditor'5 report and fut n
()rhet purpose. To the fullest cxtent peTmitted by law, wc do not accept nt #s%utne reS￿nSIbilIty to an}vne other than the
parent charitable comp2ni- Rnd rhe patenr chai7rablc conip&n) s trtisttes 2% 2 bndi. ETrr oui audit ￿.￿rk, tot this repnrt. or for
Ihe upiniuns we have lonned.
G4 (Se￿￿rs￿￿t0ZTAUdltorj
Frjr and on behalf nf
UHY Ross Brooke
C.hAriered AtcountafttS
Statutory iluditi)ts
Suite I,
Abin¥dJn Business Park
Abiiigdon.
OX14 1$1.

## 

|Consolidated<br>Stat|ement|ofFinancial Activi|ties including|ties including|Income and|Expenditure|Account|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Designated||Restricted|Total|Total|
|||Funds|Funds||Funds|Funds|Funds|
||Note|2022|2022||2022|2022|2021|
|INCOME||||||||
|Charitable<br>activities||834,258||||834,258|520,599|
|Donations<br>and legacies||||||||
|Regulat donations||1,195,555||||1,1 95,555|1,309,598|
|One-off donations||||||||
|and bequests|3/1 8||||42,330|42,330|39,229|
|investment<br>income||||||||
|Investment<br>properties||399,071|3,335|||404,406|1,077,114|
|Interest and dividends||3,388||102|92|3,582|1,928|
|Other income||526,344||||526,344|274,850|
|Total Income||2,958,616|5,347||42,422|3,006,475|3323,318|
|EXPENDITURE||||||||
|Raising funds||(274,257)||||(274,257)|(442,464)|
|Charitable<br>activities||||||||
|Residential<br>activity||||||||
|centres||(1,455,325)||||(1,455,325)|(1,425,741)|
|Residential<br>and non-||||||||
|residential<br>programmes||(448,407)||||(448,407)|(383,661)|
|Clubs and study||||||||
|centres|4|(595,7Ci3)||||(595,763)|(467,638)|
|Grants|4/18||||||(96,297)|
|Programme<br>related|10|||||||
|ini estment properties<br>Total Expenditure||(2,773752||||~2,773,7527|~2,875,807|
|Unrealised<br>gains/0osses)||||||||
|Investment<br>properties.|10|(8 16,400)||||(816,400)||
|Listed investments<br>Exchange differences|10|(327)<br>~723 571||||(327)<br>~3.5711|19,454|
|Net||||||||
|Income/(Expenditure)|8a|(655,434)|5,437||42,422|(607,575)|426,971|
|Transfers<br>between||||||||
|Funds|18|1,025,398|(1,025,398)|||||
|Net Movements<br>in||||||||
|funds||369,964|(1,019,9Ci1)||42,422|(607,575)|426,971|
|Balance Brought<br>Forward||(580,569)|30,710,918||44,713|30,175,062|29,748,091|
|Total Funds|19/20|~7270.605|29,690,9»||87.135|29,567,48|30.175.062|





## 

||||||Notes|2022|2022|2021|2021|
|---|---|---|---|---|---|---|---|---|---|
|Fixed Assets||||||||||
|Tangible assets|||||9||27,217,660||27,361,651|
|Programme<br>related investments|||||10||5,049,584||9,464,273|
|Investments|||||10||5194289||5,455,994|
||||||||37,461,533||42,281,918|
|Current Assets||||||||||
|Debtors and Preps&snents|||||11|65,473||384,474||
|Cash at bank and in||hand|||12|1,102,135||798,127||
|||||||1,167,608||1,182,601||
|Creditors: Amounts||falling||due||||||
|within one year|||||13|1,814,429||2,401300||
|Net Current Liabilities|||||||646,821||1,218,599|
|Total Assets less Current||||||||||
|Liabilities|||||||36,814,712||41,063,319|
|Mortgages<br>and|other|loans|||14||(7,247,225)||(10,888,257)|
||||||||29,567,487||30,175,062|
|Funds|||||19/20|||||
|Unrestricted:||||||||||
|General<br>fund|||||||(210,605)||(580,569)|
|Designated:||||||||||
|Jeremy White Memorial<br>Fellowship<br>Fund||||||538,809||533,474||
|Michael Richards Memorial||||Fund||10,303||10,201||
|Propernes||||||29,141,845||30,167,243||
||||||||29,690,957||30,710,918|
|Restricted:||||||||||
|Jeremy White|Memorial||Bursary|||||||
|Fund||||||9463||9,171||
|International|Projects|||||77,872||35,542||
||||||||87,135||44,713|
||||||||29,567,487||30,175,062|






## 

||||Balance S|heet at 30th Septe|mber<br>2022|||
|---|---|---|---|---|---|---|---|
||||Notes|2022|2022|2021|2021|
|Fixed Assets||||||||
|Tangible assets|||9||20,168,123||20,245,795|
|Programme<br>related investments|||10||5,049,584||9464273|
|Investments|||10||13,140,306||13,412,951|
||||||38,358,013||43,123,019|
|Current Assets||||||||
|Debtors and Prepalments|||11|65,473||384,474||
|Cash at bank and in hand|||12|1,068,636||766332||
|||||1,134,109||1,149,006||
|Creditors: Amounts||falling||||||
|due||||||||
|within one year|||13|2,671,706||~3,2tl8,7tl5||
|Net Current Liabilities|||||1,537 597||(2,059,699|
|Total Assets less|Current|||||||
|Liabilities|||||36,820,416||41,063,320|
|Creditors: Amounts||falling||||||
|tliie||||||||
|after more than one year||||||||
|Mortgages<br>and other||loans|14||(7,247,225)||(10,888,257)|
||||||29,573,191||30,175,063|
|Funds|||19/20|||||
|Unrestricted:||||||||
|General<br>fund|||||(204,901)||(580,568)|
|Designated:||||||||
|Jeremy Wlute Memorial||||538,809||||
|Fellowship<br>Fund||||||533,474||
|Michael lbchards|Memorial|||10,303||||
|Fund||||||10,201||
|Properties<br>Reserve||||29,141,845||30,167,243||
||||||29,690,957||30,710,918|
|Restricted:||||||||
|Jeremy White Memorial<br>Bursary Fund||||9,263||9,171||
|International<br>Projects||||77,872||35,542||
||||||87,135||44,713|
||||||29,573,191||30,175,063|





## 

||Notes|2022|2022|2021|2021|
|---|---|---|---|---|---|
|Net Cash Inflow from Operating||||||
|Activities|22||279,715||845,403|
|Returns<br>on Investments<br>and||||||
|Sen7icing ofFinance||||||
|Bank interest paid||(157,444)||(171,470)||
|Interest received||3,582||1928||
|Net Cash Outflow from Returns|on|||||
|Investments<br>and Servicing of||||||
|Finance|||(153,862)||(169,542)|
|Taxation||||||
|Capital Expenditure<br>and Financial||||||
|Investment||||||
|Payments<br>to acquire tangible fixed||||||
|assets||(278,090)||(219,122)||
|Payments<br>on (acquisition)/disposal|of|||||
|Programme<br>Related investments||261,378||||
|Payments<br>on (acquisition)/disposal<br>Investment<br>properties|of<br>4,414,689|||~46,037||
|Net Cash Inflow (Outflow) from||||||
|Capital Expenditure||||||
|and Financial Investment|||4,397,977||265,159|
|Net Cash Inflow (Outflow) before||||||
|Financing|||4,523,830||410,702|
|Financing||||||
|New long-term<br>loans||||||
|Repayment oflong-term<br>loans|(4,219,822|||~176,505||
||||(4,219,822)||(176,505)|
|Increase/(Decrease)<br>in Cash|||304,008||234,197|
|ReconciTiation ofNet Cash|Flow to Movement|in||||
|Net Debt||||||
||||2022||2021|
|Increase/(decrease)<br>in cash|||304,008||410,702|
|New long-term<br>loans||||||
|Repayment oflong-tenn<br>loans|||4/19,822||176,505|
|Movement<br>in Net Debt in the Year|||4,523,830||410,702|
|Net debt at 1stOctober<br>(Note 22)|||(12,231,654||~12,642,356|
|Net Debt at 30th September||||||
|(Note 22)|||,707,824||12,231,654|





## 

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## 

## 

## 

|Analysis ofExpenditure|2021/22|2021/22||||||
|---|---|---|---|---|---|---|---|
||Genets. ti s||Residential<br>t<br>ts<br>2|Residential<br>&non-<br>2'<br>I|G bs&<br>studs<br>* t|S pp n<br>C sts|2022Total|
||Note|||||||
|Staff costs|6a||482,989|123,338|165,145|122,850|894,322|
|Depreciation|9|5,104|216,524|33,596|165,312||420,536|
|interest paid|5|79,065|20,531|14,313|40,042|3,494|157,445|
|Catering|||190,827|42,320|58,880||292,027|
|Idght &heat||5,414|170,402|43,362|26,516||245,694|
|Rent &rates||1,791|4,396|7,584|7,359||21,130|
|Maintenance||134,154|154,426|16,590|39,687||344,857|
|Replacements|||||1,202||1,202|
|Other costs||30,957|120,926|138,248|53,015|30,045|373,191|
|Audir||||||23,348|23,348|
|Support Costs||||||||
|allocated pro rata on||17,772|94,304|29,056|38,605|(179,737)||
|other expenditures.||||||||
|||274,257|1,455,325|448,407|595,763||2,773,752|
|Charitable<br>Grants|18|||||||
|Total 2022|||||||2,773,752|
|Analysis ofExpenditute|2020/21|||||||
||Ganesa-d~<br>fu ds||Residential<br>aniao<br>t|Residential<br>S non-<br>tesidentiu|Clubs Ib<br>StUd)<br>ee tes|Suppou<br>Costs|2021Total|
||Note|||||||
|Staff costs|6a||381,733|97,308|71,776|161,349|712,166|
|Depreciation|9|34,531|231,145|38,253|180,406||484,335|
|Interest paid|5|132,397||35,691||3,382|171,470|
|Catering|||165,722|26,527|55,935||248,184|
|Light &heat||5,788|117,491|30,592|29,940||183,811|
|Rent &rates|||2,316|4,504|7,372||14,192|
|Maintenance||204,777|84,792|8,675|22,307|11,790|332,341|
|Replacements|||2,242|12,215|4,997||19,454|
|Other costs||24,403|309,578|94,719|52,029|37,408|518,137|
|Audit||||||35,414|35,414|
|Support Costs||||||||
|allocated pro rata on||40,568|130,722|35,177|42,876|(249,343)||
|other expenditures.||||||||
|||442,464|1,425,741|383,661|467,638||2,719,504|
|Charitable<br>Grants|18||||||96,297|
|Total2021|||||||2,515,551|





## 


## 

## 

## 

|||||2022|2021|
|---|---|---|---|---|---|
|Group||||||
|Depreciation||||420,537|484,335|
|Auditor's|remuneration|—audtt|services|23,348|35,414|
|Auditor's|remuneration|-other||||
|Loss on|disposal ofTangible Fixed Assets|||1,545||
|Loss on|disposal ofProgramme||Related Investments|816,400||
|Gain on|disposal ofInvestment||Property|~261,378||
|||||1,045,452|519,749|





## 

## 

|Tangible Fixed Assets|Tangible Fixed Assets|||||
|---|---|---|---|---|---|
|||Land sr,|Furnitute<br>&|Motor||
|||Buildings|Fittings|Vehicles|Total|
|Group||||||
|Cost or valuation:||||||
|At 1stOctober 2021 (restated)||34,414,506|66,910|164,542|34,645,958|
|Additions<br>during<br>the year<br>Disposals||274,130||3,960<br>~22.575'|278,090<br>~22,575|
|At 30th September|2022|34,688,636|66,910|145,927|34,901,473|
|Depreciation||||||
|At 1st Ocrober 2021 (restated)||7,114,217|63,039|107,051|7,284,307|
|Charge for the year<br>Depreciation<br>on disposal||397,096|3,604|19,836<br>~27,030|420,536<br>~21.03u|
|At 30th September|2022|7,511,313|66,643|105,857|7,683,813|
|Net BookValue||||||
|At 30th September|2022|27,177,323|267|40,07tl|27,217,66tl|
|At 30th September|2021 (restated)|27,300,289|3,871|57,491|27,361,651|
|Company||||||
|Cost or valuation:||||||
|At 1st October 2021 (restated)||25,017,191|66,910|164,542|25,248,643|
|Additions<br>during the veer<br>D is p os ala||274,130||3,960<br>~22.575|278,090<br>~22.575|
|At 30th September|2022|25 291 321|66,910|145,927|25,304,158|
|Depreciation||||||
|At 1stOctober 2021 (restated)||4,832,758|63,039|107,051|5,002,848|
|Charge for the year<br>Depreciation<br>on disposal||330,777|3,604|19,836<br>(21,030)|354217<br>~23,030|
|At 30th September|2022|5 163.535|66,643|105,857|5 336.035|
|Net BookValue||||||
|At 30th September|2022|20,127,786|267|40,070|20, 68, 23|
|At 30th September|2021 (restated)|20,184,433|3,871|57,491|20,245,795|



|The derails of|fixed assets|are as follows|—these revaluations|—these revaluations|have been taken as deemed costs|have been taken as deemed costs|following<br>the|transition<br>to|
|---|---|---|---|---|---|---|---|---|
|FRS102:|||||||||
||||||Group||Company||
||||||2022|2021|2022|2021|
|||||||(restated)||(restated)|
|Ltrnd und Itusfds'ngs|||||||||
|At cost|||||25,108,702|24,834,572|25,110,228|24,838,098|
|Transfers<br>to Programme||Related Property||Investments|(6,112,628)|(6,1 12,628)|(6,112,628)|(6,112,628)|
|At Trustees'<br>valuation||—2018|||667,562|667,562|667,562|667,562|
|At professional|valuation|- 1996|||11,000,000|11,000,000|1,601,159|1,601,159|
|At professional|valuation|- 1993|||4,025,000|4,025,000|4,025,000|4,025,000|
||||||34,688,636|34,414,506|25,291,321|25,017,191|





## 

## 

|||||||Group|Group|Company|Company||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2021|2022||2021|
||||||||(restated)|||(restated)|
|Freehold||||||26,501,617|26,604,725|19,452,080||19,488,869|
|Long|leasehold|||||675,706<br>2717732'I|695,564<br>27300289|675,706<br>20127786||695,564<br>20184433|
|10|Fixed Asset||Investments||||||||
||At 30th September,|||fixed asset|investments|comprised|the following:||||
|||||||Group|||Company||
|||||||2022|2021|2022||2021|
||Investment|Properties||||5,128,622|5,390,000|5,128,622||5,390,000|
||Listed investments|||at market value||65,667|65,994|65,667||65,994|
||Investments||in subsidiary||||||||
||undertakings|||||||7,946,017||7,956,957|
|||||||5,194,289|5,455,994|13,140,306||13,412,951|
||Programme||Related Property||Investments|||Group|and Company||
|||||||||2022||2021|
||Brought forward|||||||9,464,273||9,423,236|
||Additions|||||||||41,037|
||Disposal of|The Cedars School||||||644146897|||
||Canied forward|||||||5,049,584||9,464,273|





|Netherhall<br>Educational<br>Associati<br>Notes to the Financial|on - Year to 30th September 2022<br> Statements<br>(continued)||
|---|---|---|
|Investment<br>Properties|Group and|Company|
||2022|2021|
|Brought forward|5,390,000|5,385,000|
|Addiuons<br>Disposals|~26 38|5,000|
|Carried forward|5,128,622|53901100|



|Details o<br>follows:|fthe investmen|ts<br>in which the company|holds 20%or more|ofthe nominal<br>value|ofany class of|
|---|---|---|---|---|---|
|||||Proponion||
||||Holding|ofVoting<br>Rights and<br>Shared|Natute of<br>Business|
|||||Held||
|Subsidiary|andi sra/sings|||||
|Netherhall|Residences|pic|Ordinary<br>shares|100%|Property<br>Rentai|
|New Netherhall<br>Residences pic|||Ordinary<br>shares|100%|Property<br>Rental|
|Netherhall|International|College Limited|Ordinary<br>shares|100%|Fducation|



## 

## 

|Results ofS|ub|sidiaries||f|or the Year|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Neth erhall<br>Residences<br>pic|New<br>Netherhall<br>Residences<br>pic|Netherhall<br>International<br>College<br>Limited|Total|
|||||||||30th hfsip.|30th hfay|30th Sept||
||||||||||2022|2022||
|Turnover<br>Cost ofSales||||||||107,979<br>~115,371|181,691<br>~124622||289,670<br>~239.993|
|||||||||(7,392)|57,069||49,677|
|Administrative||expenses||||||(32,889)|(33,431)||(66,320)|
|Other operating||income||||||||||
|Profit/(Loss)|on ordinary|||aciiidties before||taxation||(40,281)|23,638||(16,643)|
|Taxation||||||||||||
|Retained Profit/(Loss)|||for||year to 30th September|||||||
|2022||||||||(40,281)|23,638||16,643|
|Retained Profit/(Loss)|||for||year to 30th September|||||||
|2021||||||||(30,947)|11,129||19,817|
|Assets<br>Liabilities||||||||3,685,746|4,259,474<br>~613|2,705|7,947,925<br>~P,6 3|
|~* 6 * /35||87d||8|d 31188*9|6*|2022|3685746|4,251,861|2,705|7,940,312|
|Net Assets/Shareholder||||Funds 30th September|||2021|||||
|(restated)||||||||3726027|4228224|2,705|7,954,252|





## 

|11|Debtors and Prepayments|Debtors and Prepayments|Debtors and Prepayments|Group||Company|Company||
|---|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021||
||Tax recoverable|||105,825|167,751|105,825||167,751|
||Other debtors|||(60,758)|196,317|(60,758)||196,317|
||Accruals<br>and prepayments|||20,406|20,406|(20,406)||20,406|
|||||65,473|384,474|65,473||384,474|
|12|Cash at bank and in hand|||Group||Company|Company||
|||||2022|2021|2022|2021||
||Rcstncted|||87,135|44,713|87,135||44,713|
||Unrestricted|||1,015,000|753,414|981,501||719,819|
|||||1,102,135|798,127|1,068,636||764,532|
|13|Creditors: Amounts<br>falling due|||Group||Company|||
||within one year|||2022|2021|2022|2021||
||Secured mortgage<br>loans|(Note 15)||299,035|454,514|299,035||454514|
||Other unsecured<br>loans (Note 16)|||1,263,699|1,687,010|1,263,699|1,687,010||
||Other taxes and social security|||18,776|15,093|18,776||15,093|
||Other creditors|||74,030|53,376|74,030||53,376|
||Accruals and deferred income|||158,889|191,207|151,275||179,065|
||Amounts<br>owed to subsidiaries|||||864,891||819,647|
|||||1,814,429|2,401,200|2,671,706|3,208,705||
||There ts a bank overdraft||facility available|to NEA that is secured by a|floating charge over certain ofthe group's|||assets.|
||Deferred Rental Income||||||||
||||||Group and Company||||
||||||2022|2021|||
||Balance as at 1stOctober||2021||38,693|38,693|||
||Released during the year||||(38,693)|(38,693)|||
||Deferred during<br>the lear||||34,167|38,693|||
||Balance carried forward|at 30th September||2022|34,167|38,693|||





## 

|14|Creditors:|Amounts<br>falling due|Amounts<br>falling due||Group and Company|Group and Company||
|---|---|---|---|---|---|---|---|
||after more|than|one year|2022|2022|2021|2021|
||Secured mortgage||loans (see Note 15)|||||
||- repayable|after|more than one|||||
||year but within<br>five years|||1,152,934||1,860,122||
||—repayable|after|more than five|||||
||veats|||5,850,859||8721,496||
||||||7,003,793||10,581,618|
||I.lnsecured|loans|(see Note 16)|||||
||—repayable|after|more than one|||||
||year but within<br>five years|||243,432||306,639||
||—repayable|after|more than five|||||
||years|||||||
||||||243,432||306,639|
||||||7,247,225||10,888,257|



## 

|15|Secured Loans|||||
|---|---|---|---|---|---|
||All secured loans are secured on the freehold property of|both the tangible||assets and programme<br>related property||
||investments.<br>Interest is payable at both fixed and variable|tates which,|as|at 30th September 2022, ranged between||
||1.86%to4.0%above bank base-rate.|||||
||Secured loans due after more than one year are repayable|by instalments|until they ate fully paid offin 2042.|||
|||||Group and|Company|
|||||2022|2021|
||Amounts<br>falling duei|||||
||in one year or less on demand|||299,035|454,514|
||in more than one year but not more than two years|||307,767|466,036|
||in more chan two years but not more than five years|||845,167|1,394,086|
||in more than five years|||5,850,859|8,721,496|
||Total Secured Loans|||7,302,828|11,036,132|
||Less: included<br>in creditors—<br>amounts<br>faBing due within<br>one year (Note 13)|||~299.0357|~&5,514|
|||||7,003,793|10,581,618|
|16|Unsecured<br>Loans|||Group and|Company|
|||||2022|2021|
||Amounts<br>falling due:|||||
||in one year or less on demand|||1,263,699|1,687,010|
||after one year but within<br>five years|||243,432|306,639|
||in more than five years|||||
||Total Unsecured<br>Loans|||1,507,131|1,993,649|
||Less: included<br>in creditors—<br>amounts<br>falling due within<br>one year (Note 13)|||«7.263.699|~7,687,070|
|||||243,432|306,639|



## 



## 

## 

||||||||||
|---|---|---|---|---|---|---|---|---|
|Analysis ofDesignated|and|Restricted Resources 2021/2022|||||||
|||Opening<br>Balance<br>1stOct 21|Donation<br>incl<br>GiftAid||Income<br>Credited|Payments|Transfers|Closing<br>Balance<br>30th Sep 22|
|a~id r<br>r|||||||||
|Jeremy White Memorial|||||||||
|Fellowship<br>Fund||533,474|||5,335|||538,809|
|Michael Richards Memorial|||||||||
|Fund||10,201|||102|||10,303|
|Fixed Assets||42,215,924|||||(4,820,059)|37,395,865|
|||12,048,681|||||3,794,661|8,254,020|
|TOTAL DESIGNATED||30,710,918|||5,437||1,025,398|29,690,957|
|Restricted Funds|||||||||
|Jeremy White Memotial|||||||||
|Bursaty Fund||9,171||||||9,263|
|International<br>Projects|||||||||
|KDT - Ugwuoma<br>Study|||||||||
|Centre, Nigeria|||||||||
|Pontifical University ofthe|||||||||
|Holy Cross|||||||||
|Fundacion<br>Cardenas<br>Rosales||325|42,150|||||42,475|
|Saxum Project, Jerusalem||35,217||180||||35,397|
|TOTAL RESTRICTFD||44,713|42,330||92|||87,135|
|Analysis ofDesignated|and|Restricted Resources 2020/2021|||||||
|||Opening<br>Balance<br>1stOct 20|Donation<br>incl<br>GiftAid||Income<br>Credited|Payments|Transfers|Closing<br>Balance<br>30th Sep 21|
|Deviated<br>F~und|||||||||
|Jeremy White Memonal|||||||||
|Fellowship<br>I'und||528,192|||5,282|||533,474|
|Michael Richards Memorial|||||||||
|Fund||10,100|||101|||10,201|
|Fixed Assets||42,435,100|||||(219,176)|42,2135924|
|||12,547,723|||||499,042|(12,048,681|
|TOTAL DFSIGNATED||30,425,669|||5,383||279,866|30,710,918|
|R<br>'<br>de'<br>d|||||||||
|Jeremy White Memorial|||||||||
|Bursary Fund|||||91|||9,171|
|International<br>Projects|||||||||
|I~T —Ugvmoma<br>Study|||||||||
|Centre, Nigeria||57,669||||(57,643)|(26)||
|Pontifical University ofthe|||||||||
|Holy Cross|||5,000||-|(5,000)|||
|Fundaci6n<br>Cardenas<br>Rosales|||33,979|||(33,654)||325|
|Saxum Project, Jerusalem||34,967||250||||35,217|
|TOTAL RESTRICTED||101,716|39,229||91|(96,297)|(26|44,713|





## 

## 

|Movement<br>o|n Reserves<br>2|021/2022||||||
|---|---|---|---|---|---|---|---|
|Group|At 1st<br>October<br>2021|Income|Expenditure|Investment<br>(Loss)/Gain<br>(unrealised)|Exchange<br>differences|Transfers<br>in Year|At 30th<br>September<br>2022|
|Unrestricted:||||||||
|General|(580,569)|2,958,616|(2,773,752)|(816,727)|(23,571)|1,025,398|(210,605)|
|Designated:|30,710,918|5,437||||(1,025,398)|29,690,957|
|Restricted:|44,713|42,422|||||87,135|
||30,172,062|3,006,475|2,773,752)|(816,727|(23,571||29,567,487|
|Company|At 1st<br>0ctobet<br>2021|Income|Expenditure|Investment<br>(Loss)/Gain<br>(unrealised)|Exchange<br>differences|Transfers<br>in Year|At 30th<br>September<br>2022|
|Unrestricted:||||||||
|General|(580,568)|2,668,946|(2,478,379)|(816,727)|(23,571)|1,025,398|(204,901)|
|Designated:|30,710,918|5,437||||(1,025,398)|29,690,957|
|Restticted:|44,713|42422|||||87,135|
||30,175,063|2,716,805|2,478,379|816,72|23,571||29,573,191|



## 

|Movement<br>o|n Reserves<br>2|020/2021||||||
|---|---|---|---|---|---|---|---|
|Group|At 1st<br>October<br>2020|Income|Expenditure|Investment<br>(Loss)/Gain<br>(unrealised)|Investment<br>Properties<br>Revaluation|Transfers<br>in Year|At 30th<br>September<br>2021|
|Unrestricted:||||||||
|General|(779,294)|3,178,615|(2,719,504)|19,454||(279,840)|(540,569)|
|Designated|30,425,669|5,383||||279,866|30,710,918|
|Restricted:|101,716|39,320|96,297|||(26|44713|
||29,748,091|3,223,318|2 815801|19,454|||30,175,062|
|Company|At 1st<br>October<br>2020|Income|Expenditure|Investment<br>(Loss)/Gain<br>(unrealised)|Investment<br>Properties<br>Revaluation|Transfers<br>in Year|At 30th<br>September<br>2021|
|Unrestricted:||||||||
|General|(968,122)|2,906,754|(2,258,814)|19,454||(279,840)|(580,568)|
|Designated|30,425,669|5,383||||279,866|30,710,918|
|Restricted:|101,716|39,320|(96,297|||26|44,713|
||29,559,263|2,951,457|(2,355,111|19,454|||30,175,063|





## 

## 

## 


## 

## 



## 


|Notes to the Statem|ent ofCa|sh Flows|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|(a) Reconciliation of|net income|for the year to|net cash inflow||from||operating||activities.||
||||||||||2022|2021|
|||||||||||S|
|Net income for the year|||||||||(607,575)|426 4)71|
|Interest receivable|||||||||(3,582)|(1,928)|
|Interest payable|||||||||157,444|171,470|
|Realised gain on investments|||||||||||
|Unrealised<br>gain/floss)|on investments||||||||327|(19,454)|
|Depreciation|||||||||420,536|484,335|
|Impairment<br>ofasset|||||||||||
|loss on disposal offixed assets<br>Decrease/(increase)<br>in debtors and prepayments<br>(Decrease)/increase<br>in creditors<br>and accruals||||||||1,545<br>319,001<br>~907||(71,855)<br>(144,136)|
|Net cash inflow from operating||activities|||||||279,715|845,403|
|(b) Analyas ofchanges<br>in net debt.||||At 1st||||||At 30th|
|||||October|||||Cash|September|
|||||2021|||||Flow|2022|
|Cash at bank and in hand|||||798,127||||304,008|1,102,135|
||||||798,127||||304,008|1,102,135|
|Debt due within one year<br>Debt due after one year<br>Net debt||||(2,141,524)<br>~10,888,257<br>(12,231,654|||||578,790<br>3,541,032 <br>4.5 3.830|(1,562,734)<br> ~247 225<br> ~7.707.824|
|Operating<br>lease commitments||and Post Balance Sheet events.|||||||||
|At the reporting<br>end|date NEA|had contracted|—with minimum|||lease|payments||as shown, vdth the following:||
||||||||||2022|2021|
|C<br>'<br>'<br>'t<br>f r Southbank||School at 16Netherhafl||ardens||Ix8ndon||NW|||
|Within one year|||||||||320,000|320,000|
|Between two and five<br>& ears|||||||||1,280,000|1,280,000|
|In over 5years|||||||||933,333|1,253,333|
|Total|||||||||2533.43:!|2853333|
|wit|n I|||I||r|on||||
|Within one year||||||||||240,000|
|Between two and five I'ears||||||||||960,000|
|In over 5years||||||||||3,900,000|
|Total||||||||||5,100,000|
|Total||||||||||7 953333|



##