| Contents | Page | |||
|---|---|---|---|---|
| Report of | the | Governors | ||
| Statement | of Governors' | responsibilities | ||
| Report of | the | independent | examiner | |
| Statement | offinancial activities (SOFA) |
|||
| Balance sheet | 10 | |||
| Notes forming | part of the | financial statements |
11-21 |
| After taking into |
account the grants made during | the year, and | the income due from | the General | Fund to |
|---|---|---|---|---|---|
| the Special Fund | for the year just ended, the Foundation has accumulated undistributed |
income as | follows:- | ||
| 2022 | 2021 | ||||
| General | fund | ||||
| Special | fund | 30,349 | 28,780 | ||
| Orphan | fund | 10,282 | 8,530 | ||
| Acland fund | |||||
| Total | 40,631 | 37,310 |
| General | Fund | 1,292,244.06 | 93.058 |
|---|---|---|---|
| Orphan | Fund | 30,166.59 | 2.172 |
| Acland | Fund | 66,235.89 | 4.770 |
| 1,388,646.54 | 100.000 |
| Year Ended 31Dece | mb | er 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Permanent | Permanent | Endowment | & | Total | Total | |||||
| Endowment | Funds | Restricted Funds | ||||||||
| General | Special | Orphan | Acland | 2022 | 2021 | |||||
| R | K | |||||||||
| Nate | ||||||||||
| income | ||||||||||
| Investment income |
100,557 | 1,212 | 2,672 | 104,441 | 107,843 | |||||
| Total Income | 100,557 | 1,212 | 2,672 | 104,441 | 107,843 | |||||
| Expenditure | ||||||||||
| Costs ofraising funds: | ||||||||||
| Investment management |
costs | 19,088 | 252 | 555 | 19,895 | 19,270 | ||||
| Expenditure on charitable |
activNes: | |||||||||
| Grant making activities | 81,256 | 10,170 | 60 | 2,672 | 94,158 | 92,180 | ||||
| Total expenditure | 100,344 | 10,170 | 312 | 3427 | 114,053 | 111,450 | ||||
| Net realised (losses)/gains | on | investments | (58,044) | (1,205) | (2,654) | (61,903) | 26,485 | |||
| (Losses)/gains on revaluation |
of | |||||||||
| investments | (166,619) | (3,458) | (7,620) | (177,697) | 190,150 | |||||
| Net (expenditure)flncome | for | |||||||||
| the year before transfers | (224,450) | (10,170) | (3,763) | (10,829) | (249,212) | 213,028 | ||||
| Transfer between f'unds |
(12,339) | 11,739 | 600 | |||||||
| Net (expenditure)/income | for | |||||||||
| the year after transfers | (236,789) | 1,569 | (3,163) | (10,829) | (249,212) | 213,028 | ||||
| Net movement in funds |
(236,789) | 1,569 | (3,163) | (10,829) | (249,212) | 213,028 | ||||
| Funds brought forward |
||||||||||
| at 1 January 2022 | 2,699,248 | 28,780 | 54,277 | 100,807 | 2,883,112 | 2,670,084 | ||||
| Funds carried forward | ||||||||||
| at 31December 2022 | 2,462,459 | 30,349 | 51,114 | 89,978 | 2,633,900 | 2,883,112 |
| Ye | ar Ended 31 Dece | ar Ended 31 Dece | mber | 202 | 2 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17. | Creditors: amounts | falling | due | within | one year | |||||||
| Permanent | Endowment | Funds | Restricted | Funds | Total | Total | ||||||
| General | Special | Orphan | Acland | 2022 | 2021 | |||||||
| K | K | R | R | |||||||||
| Final distributions | for | year: | ||||||||||
| Exeter School | 35,218 | 2,672 | 37,890 | 39,889 | ||||||||
| Maynard School |
35,218 | 35,218 | 37,066 | |||||||||
| To Special 8 Orphan | Fund | 12,339 | 12,339 | 12,956 | ||||||||
| Brewin Dolphin management | fee | 3,500 | 3,500 | 3,500 | ||||||||
| Clerk's fees | 3,134 | 3,134 | 3,030 | |||||||||
| Luncheon costs |
100 | 100 | ||||||||||
| Independent examination |
1,300 | 1,300 | 1,250 | |||||||||
| Rent received in |
advance | 10,500 | 10,500 | 10,500 | ||||||||
| VAT | 1,126 | 1,126 | 1,170 | |||||||||
| Annual Payments |
432 | 432 | ||||||||||
| 102,867 | 2,672 | 105,539 | 109,361 |
| Year ended 31Dece | mber | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Permanent | Permanent | Endowment & |
Total | ||||
| Endowment Funds |
Restricted Funds |
||||||
| General | Special | Orphan | Acland | 2021 | |||
| income | |||||||
| Investment income |
103,739 | 2,823 | 107,843 | ||||
| Total income | 103,739 | 1,281 | 2,823 | 107,843 | |||
| Expenditure | |||||||
| Costs ofraising fund's: | |||||||
| Investment management |
costs | 18,456 | 254 | 560 | 19,270 | ||
| Expenditure on charitable |
activities: | ||||||
| Grant making activities |
84,577 | 2,600 | 2,180 | 2,823 | 92,180 | ||
| Total expenditure | 103,033 | 2,600 | 2,434 | 3,383 | 111,450 | ||
| Net realised (losses)/gains | on | investments | 24,834 | 515 | 1,136 | 26,485 | |
| Gains/(iosses) on revaluation |
of | ||||||
| investments | 178,296 | 3,700 | 8,154 | 190,150 | |||
| Net (expenditure)/income | for | ||||||
| the year before transfers | 203,836 | (2,600) | 3,062 | 8,730 | 213,028 | ||
| Transfer between funds |
(12,956) | 12,356 | 600 | ||||
| Net (expenditure)/income | for | ||||||
| the year after transfers | 190,880 | 9,756 | 3,662 | 8,730 | 213,028 | ||
| Net movement in funds |
190,880 | 9,756 | 3,662 | 8,730 | 213,028 | ||
| Funds brought forward | |||||||
| at 1 January 2021 | 2,508,368 | 19,024 | 50,615 | 92,077 | 2,6T0,084 | ||
| Funds carried forward | |||||||
| at 31 December 2021 | 2,699,248 | 28,780 | 54,277 | 100,807 | 2,883,112 |
| Permanent | ||
|---|---|---|
| Endowment Funds |
||
| General | ||
| Net Movements in funds |
||
| Restricted funds | ||
| At 1 January | 2021 | |
| Movements | for the year | |
| At 31 December 2021 | ||
| Permanent | Endowment | |
| At 1 January | 2021 | 2,508,368 |
| Movements | for the year | 190,880 |
| At 31 December 2021 | 2,699,248 | |
| Total Eunds | ||
| At 1 January | 2021 | 2,508,368 |
| Movements | for the year | 190,880 |
| At 31 December 2021 | 2,699,248 |