## 

||||||Page|
|---|---|---|---|---|---|
|Legal and administrative|||information|||
|Report ofthe|Governors||||2-10|
|independent|auditors'||report||11-14|
|Consolidated|statement||offinancial|activities|15|
|Consolidated|balance|sheet|||16|
|Charity<br>balance sheet|||||17|
|Consolidated|statement||ofcash flows||18-19|
|Notes to thefinancial||statements|||20-35|





## 

|Governors||||Dr R Day (Chair)|Dr R Day (Chair)||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Dr A Main||||Mrs|S Richards||
|||||Dr 0 Sadd||||ivlrs|KThompson||
|||||Mrs R Newton||||Ivlrs|A Ewins||
|||||Mr M Ford-Horne||||Mrs|TMagrath||
|||||Mr W Badawy||||Revd|L Ellis||
|||||Revd J IJurke||||Mr G House|||
|Head||||Mrs A Holloway||MA (Oxen) PGCE|||||
|Secretary||||Mr G Ives|||||||
|Company|registered||number|01584957|||||||
|Charity Commission|||||||||||
|registration||number||283708|||||||
|Registered||office and|||||||||
|principal address||||Talbot I-leath School|||||||
|||||Rothesay<br>Road|||||||
|||||Bour'nemouth|||||||
|||||BH4 9NJ|||||||
|Bankers||||Lloyds Bank Pic|||||Barciays Wealth||
|||||Bournemouth|Branch||||The Helm||
|||||4S Old Christchurch|||Road||39 Holdenhurst|Road|
|||||Bournernouth|||||Bournemouth||
|||||BH1 1ED|||||BHB BEH||
|Solicitors||||Steele Raymond<br>Richmond<br>Point||LLP|||Wilsons Solicitors LLP<br>St John's Street||
|||||43 Richmond|Hill||||Salisbury||
|||||Bournemouth|||||Wiltshlre||
|||||Dorset|||||SP12SB||
|||||BH2 BLR|||||||
|Auditors||||Saffery Champness|||LLP||||
|||||Chartered<br>Accountants|||||||
|||||Midland<br>House|||||||
|||||2 Poole Road|||||||
|||||Bournemouth|||||||
|||||BH2 SQY|||||||
|Investment||advisers||Barclays Wealth|||||||
|||||The Helm|||||||
|||||39 Hoidenhurst||Road|||||
|||||Bournemouth|||||||
|||||BH8 BEH|||||||





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## 

|Governors|||||||||
|---|---|---|---|---|---|---|---|---|
|The Governors|are also the Trustees and Directors ofthe||company.|||Those who served during the yea rand who were|||
|fn office at the|date of this report are listed below:||||||||
|Dr R Day||(Chair from 26January 2023)|||||||
|Dr A Main|||||||||
|Mrs 5 Richards|||||||||
|Dr DSadd|||||||||
|Ivlrs KThompson|||||||||
|Mrs<br>R Newton|||||||||
|IVlrs A Ewlns|||||||||
|Mr M Ford-Horne||(Appointed<br>28 September<br>202'1)|||||||
|Mrs T Magrath||(Appointed<br>22 fvlarch 2022)|||||||
|Mr W Badawy||(Appointed<br>5July 2022)|||||||
|Revd<br>L Ellis||(Appointed<br>6 December 2022, nominated|||by||The Bishop of|Salisbury)|
|Revd J Burke||(Appointed<br>6 December 2022)|||||||
|Mr G House||(Appointed<br>6 December 2022)|||||||
|IVlrJ Paget||(Resigned 22 October 2021)|||||||
|Mrs<br>N Bagshawe||(Resigned 3 December 2021)|||||||
|Mrs C Edwards||(Resigned 7 December<br>2021)|||||||
|Revd<br>R Hlggins||(Resigned 22 March 2022, nominated||by|the||Bishop ofSalisbury)||
|Mr DTownend<br>Mrs C Norman||(Resigned 12September 2022)<br>(Resigned 22 IVlarch 2022,appointed||5July 2022, resigned||||18 October 2022)|
|IVlrs K Dear<br>Dr CSaunders||(Appointed<br>5 July 2022, resigned<br>3 November<br>(Resigned 31 December 2022, nominated<br>by|||||2022)<br> the Bishop of|Winchester)|
|!Vlrs C Sutcliffe||(Resigned 24 January 2023)|||||||



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|Main Risks|Main Risks||||||Controls|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Income,|expenditure||and cash flow||||Regular financial<br>reporting||with strong budget||pianning||and|
||||||||contrpls|||||||
|Policy and political||cha nge|||||Monitoring<br>the charitable||aims and maximizing||public benefit|||
|Infedor|quality|teaching||leading|to|poor|Robust teacher appraisal|procedures<br>and||pupil|achievement|||
|external|examination||results||||tracking systems|||||||
|Narrow|curriculum|leading to failure|||to|recruit|Sufficient<br>finance<br>for excellent<br>teacher|||recruitment|||and|
|pupils,|particularly|in|the Sixth Form||||curriculum<br>resources|||||||
|Site and Infrastructure|||failure||||Regular maintenance<br>and||asset rnanagernent|||||
|Critical|incidents||||||Effective crisis management||and Health<br>&Safety|||training||
|DissatIsfied stakeholders|||||||Excellent<br>communication|and information||through||a range of||
||||||||media including<br>a vibrant||and up-to-date|website||||





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|||||Unrestricted|Designated|Restricted|Restricted|Total||Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|2022||2021|
||||Notes|E|E||E|||E|
|INCOIVIE AND ENDOWMENTS||FROM.'|||||||||
|Donations,<br>legacies and|grants|||14,750|||25,504|40,254|1,225,078||
|Income from charitable<br>School fees receivable|activities||2|7,393,458||||7,393,458|6,882,740||
|Other trading activities<br>Letting income<br>Sundry<br>Investment<br>Income||||274,596<br>257,655<br>75,735|57,581|||274,S96<br>257,655<br>133,316||109,133<br>214,497<br>97,033|
|Total income||||8,016,194|57,581||25,504|8,099)279|8,528,481||
|EXPENDITURE ON:|||||||||||
|Charitable<br>activities<br>Provision ofeducation||||8,000,404|||1,405|8,001,809|7,365,570||
|Raising funds<br>Financing costs<br>Investment<br>managernerif<br>Costs ln relation to trading||"'<br> actiwties|"<br>'|125,323<br>125,323<br>' '""13;874-—"—--13;tf16-—<br>——-—--—--—-——47,689—.--.—<br>21,768<br>21,768||||||122,665<br>.27 60?<br>7,808|
|||||160,965|1,3,815|||174,780||158,075|
|Total expenditure|||4|8,161,369|13,815||1,405|8,176,589|7,523,645||
|Net income before (losses)/gains<br>on investments||||(145,175)|43,766||24,099|(77,310)||1,004,836|
|Net (lasses)/gains<br>on investments||||(162,719)|(148,924)|||(311,643)||475,837|
|Net (deficit)/surplus||||(307,894)|(105,158)||24,099|(388,953)||1,480,673|
|Transfers<br>betWeen funds||||143,025|(143,157)||132||||
|Net movement<br>in funds|||6|(164,869)|(248,315)||24,233,|(388,953)||1,480,673|
|Fund balances<br>brought|forward|||10,775,150|1,941,379||32,882|12,749,411|11,268,738||
|Fund balances carried forward|||15/16|'10,610,281|1,693,064||57,113|12,360,458|12,749,411||





## 

||||||||||2022|||2021|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes||||||f||
|Fixed assets||||||||||||||
|Tangible assets||||||||||12,416,030|||12,499,158|
|Inyestments<br>Queensmount<br>Prize Fund||Fund|||||||1,549,218<br>70,000||2,354,377<br>70,000|||
|Generalrund|||||||||2,246,027||2,363,701|||
|VyVB Fund<br>Other Fund|||||||||795,400||658,526<br>124,189|||
|||||||||||4,660,645|||5,570,793|
|||||||||||17,076,675|||18,069,951|
|Current assets||||||||||||||
|Stocks|||||||||1,637|||11,165||
|Debtors|||||||11||360,610|||381,571||
|Cash at bank and|in|hand|||||||965,924|||584,548||
||||||||||1,328,171|||977,284||
|Creditors:||||||||||||||
|Amounts<br>falling due||within||one year|||12||(3,350,451)||(2,930,182)|||
|Net current liabilities<br>Total assets less current|||liabilities|||||||(2,022,280)<br>TBS;05'F395|"|" "|(11952,898)<br>16 117-,059-—<br>-—————-|
|Creditors:<br>Amounts<br>due in more than <br>Provisions||||one year|||13<br>19|||(2,693,938)|||(3,186,162)<br>~181,48II)|
|Net assets|||||||14|||12,360,457|||12,749,411|
|Represented<br>by:<br>~UI IN df<br>d<br>General funds<br>Designated<br>funds<br>Revaluation<br>reserve|||||||15<br>15<br>15|||10,536,880<br>1,574,211<br>192,253|||10,424,218<br>1,547,646<br>744I665|
|Restricted<br>Funds|||||||16|||57,113|||32,882|
|||||||||||12,360,457|||12,749,411|
|The deficit for the financial<br>period dealt with in the financial statements<br>ofthe parent company<br>was f440,059(2021:<br>surplus f1,442,740). As permitted<br>by Section 408 ofthe Companies<br>Act 2006, no separate<br>profit or loss account or<br>statement<br>ofcomprehensive<br>income<br>is presented<br>In respect ofthe parent company.||||||||||||||
|Approved<br>by the|Governing|||Body|on|„,..........,......I........]....„,...............and signed <br>X( )03|||||on Its behalf by|||
|Richard Day<br>Chairman<br>ofthe|. d L|||||'3||ivtartln-Ford<br>Horne<br>.~( wD<br>Vice Chairman ofthe||||||
|Governing<br>Body||||||||Finance & Investment<br>Committee||||||
|The notes on pages||20to|35form||part||these financialstatements.|||||||





## 

## 

|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|||8||
|Fixed assets<br>Tangible assets|||||12,416,030||12499158|
|Investments||||||||
|Queensmount|Fund|||1,549,218||2,354,377||
|Prize Fund||||70,000||70,000||
|General<br>Fund||||2,246,027||2,363,701||
|WVB Fund||||795,400||658,526||
|Other<br>Fund||||||124,289||
|Rothesay Events Limited||||||1||
||||||4,660,646||5,570,794|
||||||17,076,676||18,069,952|
|Current assets||||||||
|Stocks||||1,637||11,165||
|Debtors|||11|339,885||362,392||
|Cash at bank and in|hand|||832,981||507,086||
|||||1,174,503||SSOI643||
|Creditors:||||||||
|Amounts<br>falling due|within|One year|12|(3,335,859)||(2,921,512)||
|Net current assets|||||(2,161,356)||(2;U40,869)|
|Total assets less current liabilities|||||14,915,320||16,029,083|
|Creditors:<br>Amounts<br>due in more than||one year|13||(2,693,938)||(3,186,162)|
|Provisions|||19||||(181,480)|
|Net assets|||||12,221,382||12,661,441|
|Represented<br>by:||||||||
|Unrestricted<br>funds<br>General funds<br>Designated<br>funds<br>Revaluation<br>reserve|||15<br>15<br>15||10,397,805<br>1,574,211<br>192,253||10,336,248<br>1,547,646<br>744,665|
|Restricted<br>Funds|||16||57,113||32,882|
||||||12,221,382||12,661,441|





## 

|||||2022||2021||
|---|---|---|---|---|---|---|---|
|||Notes|f|||f||
|Net cash provided<br>by operating<br>activities||1|||693,097||943,343|
|Cash flows from Investing<br>activities||||||||
|Bank and other interest received|||39|||(257)||
|Dividends<br>received|||133,277|||97,290||
|Payments<br>to acquire tangible<br>fixed assets<br>Payments<br>to acquire investmerlts<br>Proceeds from sales of investments|||(312,065)<br>(1,090,322)<br>1.,688,827|||(75,647)<br>(2,913,867)<br>2,282,078||
|Net cash (outflow)/inflow<br>from capital|||||419,756||(610,403)|
|expenditure<br>and financial investment||||||||
|Cash flows from financing<br>activities<br>Bankloan<br>repayments|||(492,224)|||(456,897)||
|Net cash outflow from financing<br>activities|||||(492,224)||(456,897)|
|Change<br>in cash and cash equivalents|in|the|||620,629||(123;957)|
|reporting<br>period||||||||
|Cash and cash equivalents<br>at the beginning||of|||(354,702)||(230,745)|
|the reporting<br>period||||||||
|Cash<br>and<br>cash<br>equivalents<br>at the|end|of the|||265,924||(354,702)|
|reporting<br>period||||||||





## 

|1|Reconciliation<br>ofnet|income to net cash|flow provided|by operating|activities|||
|---|---|---|---|---|---|---|---|
|||||2022|||2021|
|||||f||f||
||Net incoming<br>resources per statement||of||(77,310)||1,004,836|
||fina ncial activities|||||||
||Dividends<br>receivable||(133,277)|||(97,290)||
||Depreciation<br>Bank and other interest received||395,195<br>(39)|||400,198<br>257||
||(increase)<br>In<br>investments<br>received||via|||(178,837)||
||legacy<br>Decrease<br>in debtors|||20,960||24,323||
||Increase/(Decrease)|in creditors|659,519|||(223,158)||
||Decrease in provisions<br>Decrease/(Increase)<br>in stocks||(181,480)<br>9,528|||13,014||
||||||770,407||(61,493)|
||Net<br>cash<br>provided<br>by/(absorbed||by)||693,097||943,343|
||operating<br>activities|||||||
|2|Analysis of cash and|cash equivalents|||2022||2021|
||||||f||6|
||Net cash:<br>Cash in hand at bank|||965,924|||584,548|
||Short term deposits<br>Overdraft<br>facility|||(700,000)|||(939,250)|
||Total cash and cash|equivalents||265,924|||(354,702)|





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|Schoolfees||||
|---|---|---|---|
|||2022|2021|
|Gross fees||8,1.56,031|7,700,947|
|Less:||||
|Total bursaries,|grants and other price differentials|(762,573)|{818,207)|
|||7,393,458|6,882,740|
|Sundry other income||2022|2022|
||||f|
|Other fees and <br>Staff lunches|surcharges|253,145<br>4,510|212,172<br>2,325|
|||257,655|214,497|





|4|Analysis oftotal expenditure|Analysis oftotal expenditure|||||
|---|---|---|---|---|---|---|
||2022:||||||
||||Staff costs|Other|Depreciation|Total|
||||f|f|f.||
||Charitable<br>activities||||||
||School operating<br>costs:||||||
||Teaching||4,363,678|317,091|67,533|4,748,302|
||Welfare||250,116|743,023||993,139|
||Premises||164,920|766,566|316,150|1,247,636|
||Support costs of schooling||594,395|406,827|11,510|1,012,732|
||||5,373,109|2,233,507|395,193|8,001,809|
||Cost of raising funds||||||
||Financing costs|||125,323||125,323|
||Investment<br>management<br>Expenditure<br>on trading|activities||27,689<br>21,768||27,689<br>21,768|
|||||174,780||1,74,780|
||Total resources expended||5,373,109|2,408,287|395,193|8,176,589|
||2021:||||||
||||Staff costs<br>f|Otherf|Depreciation<br>f|Total<br>f|
||Prior Year||||||
||Charitable<br>activities||||||
||School operating<br>costs:<br>Teaching<br>Welfare||4,199,172<br>245,099|230,380<br>590,168|77,075|4,506,627<br>835,267|
||Premises||180,541|507,610|306,933|995,084|
||Support costs of schooling||597,108|415,294|16,190|1,028,592|
||||5,221,920|1743452|400,198|7,365(570|
||Cost of raising funds<br>Financing costs<br>Investment<br>management|||122,665<br>27,602||122,665<br>27,602|
||Expenditure<br>on trading|activities||7,808||7,808|
|||||158,075||158,075|
||Totalresources<br>expended||5,221,920|1,901,527|400,198|7,523,645|





## 

## 

||||2022|2021|
|---|---|---|---|---|
|Within support<br>costs there are the follawing<br>Criminal<br>itecards Bureau|governance|costs:|E<br>3,572|E<br>5,187|
|ISCinspection|||4,568|5,112|
|Audit|||23,077|18,542|
|Governors'<br>liability insurance|||1,887|1,716|
|Governors'<br>expenses<br>reimbursed|||1,886|1,943|
|Legalfees<br>Other professlona! fees|||13,024<br>28,983|51,374<br>52,774|
||||76,997|136,648|



## 

## 

|laries and|wages||||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Salaries|||4,228,414|4,131)768|
|National|insurance|contributians|409,795|379,634|
|Pension costs|||734,900|710,518|
||||5,373,109|5,221,9%|



|The average<br>mo|nthly<br>number ofemplo|yees<br>d|uring the y|ear was made<br>up|as follows:||
|---|---|---|---|---|---|---|
|||Full|time|Part time|Full time|Part time|
||||2022|2022|2021|2021|
|Teaching<br>Administrative|and domestic||64<br>34|51<br>22|64<br>34|48<br>22|
||||98|73|98|70|
|The number of|higher paid employees|was:|||2022|2021|
||||||No|No|
|6100,000-F110,000<br>E6Q,OOO-E70,000|||||1<br>1|1<br>1|
|Total|||||||





## 

|Net movement<br>in funds|||||
|---|---|---|---|---|
||||2022|2021|
||||f|f|
|This is stated after charging:|||||
|Auditors'<br>remuneration|(including|VAT):|||
|-for audit|||23,447|18,542|
|-for otherservlces|||4,620|6,444|
|Depreciation:<br>-owned fixed assets|||395,193|400,198|



## 

## 

## 

|ed assets||||||
|---|---|---|---|---|---|
||Freehold|Furniture||Computer||
||land&. .|. 83fittiogs 8|.. ..Motor|gLqffISe||
|Gr'oup and charity|Buildings<br>f|equipment<br>f|vehicles<br>f|equipment<br>f|Total<br>f|
|Cost||||||
|1September 2021|14,743,220|1,670,525|284,840|1,485,607|18,184,192|
|Additions|232,983|26,799||52,283|312,065|
|Dispo'sais||||||
|31August 2022|14,976,203|1,697,324|284,840|1,537,890|18,496,257|
|Depreciation<br>1September 2021|2,436,318|1,541,881|250,544|1,4S6,291|5,685,034|
|Charge for the year|316,150|34,872|11,510|32 661|395193|
|Eliminated<br>on disposals||||||
|31August 2022|2,7S2,468|1,576,753|262,054|1,488,952|6,080,227|
|Net book value||||||
|31August 2021|12,306,902|128,644|34,7.96|29,316|12,499,158|
|31August 2022|12,223,735|120,571|22,786|48,338|12,416,030|





## 

## 

|Total fixed asset investments||com|prlsei'||||||
|---|---|---|---|---|---|---|---|---|
||||||Group||Charity||
||||||2022<br>f|2021<br>f|2022<br>f|2021<br>f|
|Investments<br>listed<br>on<br>a|recognised|||stock|4,519,832|5,326,394|4,519,832|5,326,394|
|exchange<br>Other Investments<br>—deposits<br>Unlisted<br>Investments|||||140,813|244,399|140,813<br>1|244,399<br>1|
||||||4,660,645|5,S70,793|4,660,646|5,570,794|
|Investment<br>movements:|||||Group<br>2022<br>f|2021<br>f|Charity<br>2022<br>f|2021<br>f|
|Market value at 1 September<br>2021<br>Additions<br>Disposal proceeds<br>Profit on disposal<br>(Deficit)/Surplus<br>on revaluation<br>at 31||||August|5,570,793<br>1,090,322<br>(1,688,827)<br>190,558<br>(502,201)|4,284,331<br>3,092,704<br>(2,282,079)<br>458,682<br>17,155|5,570,793<br>1,090,322<br>(1,688,827)<br>190,558<br>(502,201)|4,284,331<br>3,092,704<br>(2,282,079)<br>458,682<br>17,155|
|2022|||||||||
|Market value at 31August|2022||||4,660,645|5,570,793|4,660,645|5,570,793|
|Historical cost at 31August||2022|||4,468,391|4,826,129|4,468,391|4,826,129|
|Analysis of investments:|||||Group<br>2022<br>f|2021|Charity<br>2022|2021<br>f|
|Cash<br>Equity shares<br>Fixed Interest securities|||||140,813<br>3,690,670<br>829,162|244,399<br>4,525,997<br>800,397|140,813<br>3,690,671<br>829,162|244,399<br>4,525,998<br>800,397|
||||||4,660,645|5,570,793|4,660,646|5,570,794|





## 

|Name of|undertaking|Registered|office|Class ofshare held|% Held|
|---|---|---|---|---|---|
|Rothesay|Events Limited|Talbot Heath School,||Ordinary|100.00|
|||Rothesay|Road, BH4 9NJ|||




|Debtors|||||
|---|---|---|---|---|
||Group||Charity||
||2022|2021|2022|2021|
||f|f|f|f.|
|Trade debtors|200,784|210,006|156,816|178,353|
|Other debtors|16,325|37,438|39,568|50,496|
|Prepayrnents|143,501|134,127|143,501|133,543|
||360,610|381,571|339,885|362,392|



|Creditors:|Amounts<br>falling due wi|thin one year||||
|---|---|---|---|---|---|
|||Group||Charity||
|||2022<br>f|2021<br>f|2022<br>f|2021<br>f|
|Bank loans||492,220|492,220|492,220|492,220|
|Bank overdraft||700,000|939,250|700,000|939,250|
|Trade creditors||408,946|136,226|395,929|129,031|
|Fees received|in advance|816,357|477,479|816,357|477,479|
|Deposits<br>Tax and social security<br>Other creditors||358,400<br>102,674<br>381,256|359,700<br>94,437<br>351,094|358,400<br>102,674<br>381,256|359,700<br>94,437<br>351,094|
|Accruals||90,598|79,776|89,023|78,301|
|||3,350,451|2,930,182|3,335,859|2,922(522|





## 

## 

|||||Group and|charity|
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
|Bank loan||||2,693,938|3,186,162|
|Analysis ofloans<br>Wholly repayable<br>within<br>5 years:<br>Not wholly repayable<br>within<br>Syears by instalments:||||1,951,816<br>742,122|1,968,880<br>1.,217,282|
|Loan maturity<br>analysis<br>In more than one year but not more than two years<br>ln more than two years but not more than five years<br>In more than five years||||492,220<br>1,459,596<br>742,122|492,220<br>1,476,660<br>1,217,282|
|||||2,693,938|3,1.86,162|



## 

|llocation<br>of|net ass|ets between funds||||||
|---|---|---|---|---|---|---|---|
||||Net current|Long term|||Fund|
|||Fixed assets assets/liabilities||liabilities|Provisions||balances|
|||E||E||E|E|
|Unrestricted<br>funds<br>Restricted funds||17,040,675<br>36,000|(2,043,393)<br>21,113|(2,693,938)|||12303 344<br>57,113|
|Total funds||17,076,675|(2,022,280)|(2,693,938)|||12,360,457|





## 

## 

|nrestricted<br>f|unds||||||
|---|---|---|---|---|---|---|
|||Balance|||Transfers<br>and|Balance|
||1|September<br>2021<br>6|Incoming<br>resources<br>6|Resources<br>gams/ (losses)<br>egpended<br>oninvestments<br>6<br>f||31August<br>2022<br>6|
|Current yeor|||||||
|General funds:<br>Schoolfunds||10,424,218|8,016,194|(8,161,369)|257,838|10,536,881|
|Designated<br>funds:<br>Clueensmount<br>fund<br>Prize funds||1,528,542<br>19,104|57,581|(13,81.5)|( 17,201)|1,555,107<br>19,104|
|||1,547,646|57,581|(13,815)|(17,201)|1,574,211|
|Revaluation|reserve|744,665|||(552,412)|192,253|
|||12,716,529|8,073,775|(8,175,184)|(311,775)|12,303,345|



|und balances|as|follows:|||
|---|---|---|---|---|
||||General school|Designated|
||||fund|fund|
|Carried forward<br>fund balance as above<br>Revaluation<br>reserve|||10,536,881<br>73,400|1,574,211<br>118,853|
||||10,610,281|1,693,064|





## 

||||Balance|||Transfers<br>and|Balance|
|---|---|---|---|---|---|---|---|
||||1September|Incoming|Resources|galas/ (losses)|31August|
||||2020<br>f|resourcesf|expended<br>on investments<br>f.<br>f||2021f|
|Prior year||||||||
|General funcls:||||||||
|School funds|||8,915,052|8,482,671|(7,510,275)|536,770|10,424,218|
|Designated<br>funds:<br>Queensmount<br>fund<br>Prize funds|||1,718,155<br>19,405|44,584|(13,069)<br>(301)|(221,128)|1,528,542<br>19,104|
||||1,737,560|44,584|(13,370)|(221,128)|1,547,646|
|Revaluation||reserve|567,557|||177,108|744,665|
||||11,220,169|8,527,255|(7,523,645)|492,750|12,716,529|



|und balances|as|follows:|||
|---|---|---|---|---|
||||General school|Designated|
||||fund|fund|
||||f||
|Carried forward<br>fund balance as above<br>Revaluation<br>reserve|||10,424;218<br>350,932|1,547,646<br>393,733|
||||10,775,150|1,941,379|





## 

## 

|estricted funds|||||||
|---|---|---|---|---|---|---|
||Balance|||Transfers|and|Balance|
||1September<br>2021|Incoming<br>resources|Resources<br>expended|gains/ (losses)<br>on investments||31August<br>2022|
||||6||6||
|Prize funds:<br>Mary Broad|22,286|||||23,190|
|Schoiarshi p<br>Cardella Westcott|981||(3.,085)||132||
|Travel scholorshi p<br>Angeia Feigate|9,615||(320)|||9,295|
|Classics fund<br>Edwards Awards||||||600|
|C!are Austin Smith||24,000||||24,000|
|Bursary|||||||
||32,882|25,504|(1,405)|||57,113|
||Balance|||Transfers|and|Balance|
||1September<br>2020|Incoming<br>resources|Resources<br>expended|gains/ (losses)<br>on investments||31August<br>2021|
||6|6|6|||6|
|Prior year|||||||
|Prize fund 5:<br>Mary Broad|21,718|568||||22,286|
|SCholarshi p<br>Cordelia Westcott|1,825|(844)||||981|
|Travel schoiorship<br>Angelo Felgate|9,615|||||9,615|
|Classics fund<br>The Hub Project|15,411|1,502||(16,913)|||
||48,569|1,226||(16,913)||32,882|





## 

|17|Reconciliation<br>ofmovements|Reconciliation<br>ofmovements|ln unrealised|ln unrealised|gains|on investment|assets|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Queensmount||General<br>Total|||Tote|I|
|||||||Fund<br>f||Fund<br>f|2022<br>f|2021<br>f||
||Unreaiised<br>gains at 1September 2021|||||393,733||350,932|744,665|567,557||
||Deduct disposals<br>in the|||||(86,071)||(55,510)|(141,581)|(12,738)||
||year|||||||||||
|||||||307,662||295,422|603,084|554,819||
||(Losses)/Gains<br>arising on <br>the year|revaluations||In||(188,809)|(222,021)||(410,830)|189,846||
||LJnrealised<br>gains at 31August||2022|||118,853||73,401|192,254|744,665||
|18|Commitments<br>under operating leases|||||||||||
||At 31August 2022, the school||had aggregate||total|commitments|under|non-cancellable|operating|leases as|set|
||out below:|||||||||||
||Non-cancellable<br>operating|leases which||expire:||||2022||2021||
|||||||||||E||
||Within one year<br>Within<br>2 to 5years|||||||81,116<br>64,613||57,673<br>98,506||
|19|Provisions|||||||||||
||Group and charity||||||||Hub|retention<br>f||
||At 1September 2021<br>Released<br>in the year|||||||||181,480<br>(181,480)||
||At 31 August?022|||||||||||





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