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|Contents||||Page|
|---|---|---|---|---|
|Report of|the|Governors|||
|Statement|of Governors'||responsibilities||
|Report of|the|independent|examiner||
|Statement|offinancial<br>activities (SOFA)||||
|Balance sheet||||10|
|Notes forming||part of the|financial<br>statements|11-21|





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|After taking<br>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<br>has accumulated<br>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|||





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|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|





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|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<br>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<br>management|costs||||19,088||252|555|19,895|19,270|
|Expenditure<br>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<br>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<br>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<br>in funds||||(236,789)||1,569|(3,163)|(10,829)|(249,212)|213,028|
|Funds brought<br>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|





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|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<br>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<br>costs||||||100||||100||
||Independent<br>examination||||||1,300||||1,300|1,250|
||Rent received<br>in|advance|||||10,500||||10,500|10,500|
||VAT||||||1,126||||1,126|1,170|
||Annual<br>Payments||||||432||||432||
|||||||102,867||||2,672|105,539|109,361|





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|Year ended 31Dece|mber|2021||||||
|---|---|---|---|---|---|---|---|
||||Permanent|Permanent|Endowment<br>&||Total|
||||Endowment<br>Funds|Restricted<br>Funds||||
||||General|Special|Orphan|Acland|2021|
|income||||||||
|Investment<br>income|||103,739|||2,823|107,843|
|Total income|||103,739||1,281|2,823|107,843|
|Expenditure||||||||
|Costs ofraising fund's:||||||||
|Investment<br>management|costs||18,456||254|560|19,270|
|Expenditure<br>on charitable|activities:|||||||
|Grant making<br>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)<br>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<br>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<br>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|





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|||Permanent|
|---|---|---|
|||Endowment<br>Funds|
|||General|
|Net Movements<br>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|