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|||Page|
|---|---|---|
|Reference and admlnlstratlve|details ofthe Charity, ItsTruslees and advisers|1-2|
|Trustees' mport||3-5|
|Independent<br>audltoW report|on the Ilnanctal shrtements|8-9|
|Statement ofSnanclal actlvtdes||tg|
|Balance sheet||11-12|
|Statement ofcash flows||13|
|Notes tothe llnanclal statements||14-28|





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||||||||As restated|
|---|---|---|---|---|---|---|---|
||||Endowment|Restricted|Unmstrlcted|Total|Total|
||||funds|funds|funds|funds|funds|
|||Note|2022<br>6|2022<br>8|2022<br>6|2022<br>6|2021f|
|Income and||||||||
|endowments<br>from:||||||||
|Donations and legacies<br>Investments||4<br>5|68,831|12,000<br>2,045|3,1N<br>1~|15,160<br>70,080|10<br>211,587|
|Total Income and||||||||
|endowments|||66,631|14,045|4,564|85,240|211,597|
|Expenditure<br>on:||||||||
|Charitable<br>activities||8|296,296|112,710|31,0N|440,006|245,102|
|Total expenditure|||20B406|112,710|31,0N|440,008|245,192|
|Net expenditure||||||||
|before net||||||||
|gooses)lgalns<br>on<br>Investments|||(229,855)|(06,666)|(25,436)|(354,756)|(33,595)|
|Net (losses)/gains<br>investments|on||(4,301)|(217)|7,3ST|2,T80744,075||
|Net (expendltum)l<br>Income|||(234,056)|(08,882)|(19,03S)|(351,077)|710,480|
|Transfers between<br>funds||13|272WB||(272')|||
|Net movement<br>In||||||||
|funds|||38r430|(08,882)|(2$1,534)|(351,077)|710,480|
|Recondllatlon<br>of||||||||
|funds:||||||||
|Total funds brought||||||||
|forward as previously||||||||
|stated|||2,719,952|1,817,866|1,023,408|5,581,226|4,819,746|
|Prior year adjustment|||||(31,0N)|(31,000)||
|Total funds brought<br>forward as restated|||2,719,S52|1,817,866|092~|5,530,226|4,819,746|
|Net movement<br>in funds|||38~|(08,882)|(201,534)|(351,077)|710,480|
|Total funds carried||||||||
|forward|||2,758,3S1|1,718,$84|TNJI74|5,178,249|5,530,226|





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|||||||As restated|
|---|---|---|---|---|---|---|
|||||||2021|
|||||||F|
|Fixed assets|||||||
|Investments||||4,910,749||5,299,209|
|||||4,$10,74$||5,299,209|
|Cunsrd assets|||||||
|Debtors||10|127,659||234,057||
|Cash at bank and in hand|||14IL241||18,360||
||||||P||
||||275,900||250,417||
|Creditors: amounts<br>falling due within one<br>year||11|(8~)||(19,400)||
|Net cunent|assets ISablgtles|||287,500||231,017|
|Total assets|less current Ilabgltles|||5,178,249||5,530,226|
|Total net assets||||5,178,249||5,530,226|
|Chadiy funds|||||||
|Endowment|funds|13||2,758,391||2,719,952|
|Restricted funds||13||1,718,984||1,817,866|
|Unrestricted|funds|13||700,874||992,408|
|Total funds||||5,178,24$||5,530,226|





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|||FORT|HEYEAR ENDED 31JULY2022|||
|---|---|---|---|---|---|
||||||As restated|
|||||2022<br>8|2021<br>f|
|Cash Sows from operating||activities||||
|Net cash|used in opera6ng|acbvibes||(344,800)|(307,157)|
|Cash fhnss from Investing||acgvttles||||
|Dividends,|interests and rents from investments|||85,240|211,587|
|Proceeds|from sale ofInvestments|||301/50||
|Pumhase|ofinvestments||||(15,000)|
|Net cash|provided<br>by Investing acgvttles|||476,400|186,587|
|Change<br>In cash and cash||equivalents<br>In|the year|131,881|(110„570)|
|Cash and|cash equivalents|atthe beginning|ofthe year|15,360|126,930|
|Cash and|cash equivalents|atthe end of|the year|148W1|16,360|
|The notes|on pages 14to28form part ofthese 6nanctal statements|||||





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||||Restricted|Unmstrlcted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
||||5||8|2|
|Donations||||3,160|15,100|10|
|Total 2021||||10|10||
|Investment|Income||||||
|||Endowment|Restricted|Unmsblcted|Total|Total|
|||funds|funds|funds|funds|funds|
|||2022|2022|2022|2022|2021|
||||8|8|8|2|
|Investment|income||1,978|1,311|89,920|211,547|
|Bank interest received|||67|93|160|40|
|||66,631|2,045|1,404|70,080|211,587|
|Total 2021||115,736|89,950|5,901|211,587||





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|||Grards to|Grants|to|Total|Total|
|---|---|---|---|---|---|---|
|||InsStu6 one|Individuals||funds|funds|
|||2022|2022||2022|2021|
|||8||8|8|8|
|Grants awarded||89,000|20,000||109,NO|88,000|
|Total 2021||73,000|15,000||88,000||
|Grants awarded|||||||
||||||2022|2021|
||||||8|6|
|Grants to|Institutions||||||
|Reading School Awards and Senior Prizes|||||89,NO|73,000|
||||||89,000|73,000|
|Grants to|Individuals||||||
|Enrichment|programme||||20,NO|15,000|
||||||20,000|15,000|



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|||||As resbded|
|---|---|---|---|---|
|||Unrestricted|Total|Total|
|||funds|funds|funds|
|||2022|2022|2021|
|||6|8|8|
|Building fund|project|||50,823|
|School maintenance||242,228|242,228||
|Development|grant|46,000|46,NO|60,000|
|Waterhouse|cost|31,000|31,NO|31,000|
|Total 2022||319,228|319,228|141,823|
|Total2021||141,823|141,823||



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|||Unrestrtcted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||6|8||
|Audit fees||8,880|8,880|5,018|
|Other accountancy|coals|600|600|1,192|
|Legal and professional fees||||3,330|
|Other indirect costs||48|48|g|
|Clerks' fess||2,250|2,250|5,800|
|Total 2022||11,778|11,778|15,349|
|Total 2021||15,349|15,349||



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||||||As restated|
|---|---|---|---|---|---|
||Charity<br>direct costs<br>2022|Grani<br>funding<br>2022|Governance<br>costs<br>2022|Total<br>funds<br>2022|Total<br>funds<br>2021|
||6|8|6|6|2|
|Expenditure|319,228|109,000|11,778|440,006|245,192|
|Total 2021|141,823|88,000|15,369|245,192||





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||||General|Endowed|||
|---|---|---|---|---|---|---|
|||Restricted|Funds|Funds|||
|||Funds<br>Award Fund|Young<br>Beriuest|School<br>Charity|Total<br>funds|Total<br>funds<br>2021|
|||||||6|
|Balance at 1August 2021||1,776,963|401,199|3,121,113|5,2$$,275|4,540,167|
|Additions||||||15,000|
|Disposaks||(93,468)||(303,943)|(397,411)||
|Transfer|||||||
|Unrealised|gains|(2,999)|7,397|4,552|8,950|744,075|
|Balance at31July 2022||1,680,496|408,596|2,821,722|4,$10,&14|5,299,242|
|Historical|Cost ofInvestments|1776962|401,167|3,121,113|5,299,242||





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|||||2022|2021|
|---|---|---|---|---|---|
|Opening<br>value ofpermanent||endowment||2,889,600|2,624,000|
|Opening<br>value ofunapplied||total return||30,352|1,283|
|Less||||||
|Original value ofgilt||||(1,100,000)|(1,100,000)|
|Indexa5on||||(1,586,600)|(1,524,000)|
|||||30,352|1,283|
|Investment|return: dividends|and interest||66,631|115,736|
|Investment|return: realised|and unrea8sed|gains and (losses)|(4552)|432,678|
|Total return|before tmnsfer|||92,431|549,695|
|Less||||||
|Total return|applied|||(90,880)|(519,343)|
|Unapplied|total return|||1,551|30,352|
|AEIEI||||||
|Original value of9lft||||1,100,000|1,100,000|
|Indexatlon||||1,656,840|1,589,600|
|Total||||2,758,391|2,719,952|





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|@element offunds<br>FORT|@element offunds<br>FORT|HEYEAR|ENDED 31J|UL|Y2022|||
|---|---|---|---|---|---|---|---|
|Statement offunds - curmnt year||||||||
||As mstated|||||||
||Balance at 1|||||||
||August||||Transfers|Galnsl|Balance at|
||2021<br>8|Income<br>8|Expendlbrm|f|In/out|(Losses) <br>8|31July 2022<br>8|
|Unrsstrtcted||||||||
|funds||||||||
|General Funds|607,807||(31,000)||(272,405)||364,402|
|Young Bequest|324,511|4,564||||7,30T|336,472|
||902,4Q5|~|(31,0QQ)||(27m5)|7,3$7|700,674|
|Endowment||||||||
|funds||||||||
|School Charily||||||||
|(Queens Road)||||||||
|Permanent|2,689,800||||67,240||2,756,840|
|School Charity||||||||
|Unapplied<br>Total||||||||
|Return|30,352|60,631|(208400)||205,255|(4,301)|1,551|
||2,710,052|55,631|(206,206)||272&5|(4,301)|2,758,301|
|Restricted||||||||
|funds||||||||
|Award<br>Fund|1,817,856|14,045|(112,T10)|||(217)|1,718,084|
|Total offunds|5.530.228|85.240|(440,006)|||2,780|5,178,249|





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|Statement offund|s - prior year||||||
|---|---|---|---|---|---|---|
||Balance at|||||As restated|
||1August<br>2020<br>5|Income<br>f|As restated<br>Expenditure<br>5|Transfers<br>in/out<br>5|Gainsl<br>(Losses)<br>5|Balance at<br>31 July 2021<br>f|
|Unrestricted|||||||
|funds|||||||
|General Funds|367,740||(31,000)|331,157||667,897|
|Young Bequest|258,139|5,911|||60,461|324,511|
||625,879|5,911|(31,000)|331,157|60,461|992,408|
|Endowment|||||||
|funds|||||||
|School Charity|||||||
|(Queens Road)<br>Permanent|2,624,000|||65,600||2,689,600|
|School Charity|||||||
|Unapplied<br>Total<br>Return|1,283|115,736|(122,586)|(396,757)|432,676|30,352|
||2,625,283|115,736|(122,586)|(331,157)|432,676|2,719,952|
|Restricted|||||||
|funds|||||||
|Award Fund|1,568,584|89,950|(91,606)||250,938|1,817,866|
|Total offunds|4819746|211597|(245 192)|-|744.075|5530226|





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|Summary offund|s -cunent year||||||
|---|---|---|---|---|---|---|
||As restated||||||
||Balance at 1<br>August<br>2021<br>8|Income<br>8|Expenditure<br>8|Transfem<br>Inlout<br>5|Galnsl<br>(Losses) <br>6|Balance at<br> 31 July 2022<br>8|
|General funds|982~|4,564|(31,0N)|(272v4$5)|7,397|700,874|
|Endowment<br>funds|2,719,$52|68,631|(288,296)|272,495|(4,391)|2,758,391|
|Restricted funds|'I,S17,866|14,045|(112,710)||(217)|1,718JI84|
||5,530,226|85,240|(440,008)|-|2,TSS|5,178,249|
|Summary offunds -prior year|||||||
||Balance at|||||Restated|
||1 August<br>2020<br>5|Income<br>6|As restated<br>Expenditure<br>6|Transfers<br>In/out|Gains/<br>(Losses)<br>6|Balance at<br>31July 2021<br>5|
|General funds|625,879|5,911|(31,000)|331,157|60,461|992,408|
|Endowment<br>funds|2,625,283|115,736|(122,586)|(331,157)|432,676|2,719,952|
|Restricted funds|1,568,584|89,950|(91,606)||250,938|1,817,866|
||4,819,746|211,597|(245,192)|-|744,075|5,530,226|



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|Analysis ofnet assets between funds -|cunent year||||
|---|---|---|---|---|
||Endowment|Restricted|Unrestrlcled|Total|
||funds|funds|funds|funds|
||2022f|2022<br>8|2022<br>8|2022<br>8|
|Fixed asset investments|2,758,391|1,718,984|433,374|4,910,749|
|Debtors due aRer more than one year|||91,000|91,0N|
|Current assets|||184,900|184,9N|
|Creditors due within one year|||(8,400)|(8/00)|
|Total|2,758,391|1,718,984|700,874|5,178,24$|



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|Analysis ofnet ass|els|between|funds|- prio|r year|r year||||
|---|---|---|---|---|---|---|---|---|---|
||||||As restated|||Restated|As restated|
||||||Endowment||Restricted|Unrestricted|Restated|
|||||||funds|funds|funds|Total funds|
|||||||2021|2021|2021|2021|
|||||||5|2|2|5|
|Fixed asset invesfinents||||||2,719,952|1,776,961|802,296|5,299,209|
|Debtom due alter more||than one year||||||122,000|122,000|
|Current assets|||||||40,905|87,512|128,417|
|Creditors due within|one year|||||||(19,400)|(19,400)|
|||||||2,719,952|1,817,866|9'.408|5,530,226|
|Reconcglatlon<br>ofnet movement|||In funds to||net|cash tlow|from operating|actMSes||
||||||||||As resisted|
|||||||||2022|2021|
|||||||||5|5|
|Net<br>income/expenditure||for the|year|(as per||Statement|of Finandal|||
|ActMties)||||||||(351,977)|710,480|
|Ad)ustments<br>for:||||||||||
|Gains on investmsnts||||||||2,789|(744,075)|
|Dividends,<br>interesls|and|rents ficm invssfinsnts||||||(85,240)|(211,587)|
|ProBt on disposal of|investments|||||||(11,579)||
|Decrease/(increase)|in debtors|||||||108,398|(33,125)|
|Increase/(decrease)|in creditors|||||||3,000|(28,850)|
|Net cash used In operating acgvlges||||||||(338,609)|(307,157)|



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