REGISTERED CHARrrY NUMBER: 306969 REPORT OF THE TRusfE£s AND UNAUDITED FINANCIAL STATEMENtS R THE YEAR ENDED 31 MARCH 2OZJ FOR MAGDALEN AND LASEIER EDUCATIONAL FOIJNDATION Acuity Professional PartheJship Li Unit 2.02 High We•ld Ha Glov¢rs End Easi Sussex TN39 SES MAGDALEN AND LASHER KDUCATIONAL POUNDATIO]Y CONTENfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH I(123 Page Reftrtn¢¢ •nd Administr•tiv¢ D¢¢alli l￿pt￿detht Exwiner's Repgrt St#temeDt tsfFltt*ntl*l Attlvltlei S¢*tem¢nt of Flun¢i*l Po•itithl Notrs to the Fin•nthl S¢at¢meDts 8 to 14 Dethiled S¢atem¢mt of Fln*ncl*l Adlvtii¢s 15 ts 16 MACDALEN AND LASHER EDUCATIONAL FOUNDATION REFERENCE AND ADMINISTRATIVE DETAIi3 FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES Mr K S tknald Mr G Bendon Mr l M Steel Mr M Fostct htr C Galbraith thairnia Mrs S Phillips Mrs A Wing Cllr l Boc Dr P Lo¢k Mr J Bilsby Rev P Huni {rtsi8ned 27110r2022) Mrs J Cubison (resignd 301412023) Mr M Boles Rev M Phipps (winted 1119A023) PRINCIPAL ADDRESS Old H•stiDBS House 132 High Streli¢ics #P￿ed by tht rd. All mattcrs which derogated from the ipproved policies or wltieh excttded £5,000 wer¢ ref￿r¢d lo the B(*rd foT decisKLm. Th¢ EC sui￿1￿￿ a stewardship repDrt to c4ch quarterly meding of the Board drtailing lis decisions in th¢ prrteéiDg quarter. WLYkiTh8 to a Iwdg< the EC md four times during the year and Cl￿ferr*I frequthtjy ty trmail. enJblin8 8rnnt plic4tion$ to be dthcrniiD¢d promptly. Th¢y awarded.. •) Univcrsity bursarit5 and 8raDI￿]￿-8Id ty individuals totailin8 £56,507 b) Maitr and Min￿ srantA to sch4xsls and Oth￿ itistitutioni £139.430 Two g¢n¢rous begu¢s¢s frrATr Misg Nornii Batley and Mr D¢rek HibberL with the objert of pronjoting Musi￿1 ¢du¢*ioD in HAstin8s. are I￿1￿8 administtrexl by the Charity as the Batley-Htbb¢rt Fund. Tm¢luded in the figures 8ix)ve, in the year ending 31 March 2023. grallts atnounting to £10.250 w¢re mad¢ from the B8tl¢y-Hibben Fund. A150 iD¢luded were Pl￿n¢nts rnadc i(Aailing £9.821.50 from the Williarn Parker F￿ndatIOn {WPF) Fund (in f¥t £31,556 was awgrded and the difftrence of £21.734.50 is b¢ing carried fotTrvard to 2023J24 As an ac¢rual). Th¢ tdaj of grants ¢tc. •warde4 the ¢Dded 31 Mar¢b 2023 £195,937 (2022 £195.75]). Page 2 MAGDALEN AND LASHER EDUCATIONAL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTivrriES Public benefft All educational gt*Dts to individua]s are means tested and hclp to improve edu¢ati¢Mal opp(rtiti¢s for le85 well off students. All grants to institutions hcilitst¢ ￿h8n¢t￿)ents to edurational provision which might not othenvise happen. Major Grants involv¢ leverage and rnay encourage long-tem innovation through se•J-¢orn fi￿dIng. Th¢ Trustees are required the consti￿11￿ of the Chariry to prep8re fith#ncial ststements for each fjnan¢ial yw. i¢h wvc a true and fair view ofthe stste of affairs of the Chartty and of its r¢s￿lts for that PEr1(￿. In preparing those financial Statements the Trustee5 are r4uired kn follow best PTa¢tice and.. a) select suiiable accounting poli¢ies and apply them wnsistently, b) make judgement5 and estin)ates that Ire reason8ble and prndent,. c) state wh¢th¢r applicabl¢ a￿o￿nting slandarils have been followed, subject to any material depattres disclosed and plained in th¢ financial statem¢nts' and d) prepare the financial statements on a going ￿nCern basis unl¢ss it is in4)propriate to presume that thc Charity will ontinue in operation. The Trustees are responsible for rnaintaining proper acwunting records which dis¢lose wrth rea$￿18ble accuracy at any time the finaneial Posiiiom of the Chartty and cnabl¢ ihem to ensure that th¢ financial statements comply wtth thc Charities Act 2011. They are also responsible for safeguardiThg the ￿set8 of the Charity and hence taking reasonable st¢p$ for the detection and pr¢vention of fraud and other irre8uiariti¢8. The Trustees of the Charity mus¢ in d¢terrnining how amounts are present¢d within iterns in th¢ statement of finaneral artivities and balance she¢t, have rcgard to the substance of th# rel￿ed trAnsa¢tiOnB or 8rrnngement. aceordan¢e with thc 8en¢Yally acceoed a¢counkn"ng principles and prartice. Th¢ Use of Volunteers Th¢ charity makes no us¢ of voliiiiie¢rs. FINANCIAL REVIEW Investment policy Oth¢r than propety and cash at bank, the I￿Ik of assets of the Charity are inv¢sted with the Charities Official Investment Fund (COtF). The ¢harity also has an investment in the M&G InvestTnents' Charifimd. All sales and purchases of ¢apital a5S¢ts are made wth th¢ approval of the Board of Trustees or thc Finan¢¢ and Genval lknposes Committ¢¢ F&GPC, in aw)rdan¢¢ with the Charitys S¢heme of DdegatlOJl5. Rental iDcom¢ represents a 3.so/fj gross (2.420A net) retum on the investment property prfolio's markd valu¢ of March 2023 of £2,130.000. The COIF and M&G share inveslmeD¢$ have Provided a dividend retwn of 2.96V• whilst th¢ir witsl value I dccreasa by 4°A over the year. The F&GPC, r¢p(*ting to the Board of Trustees. wntinues to review investments r¢gularly consulting its investment advisers when required. The market ¢ontinues to be relativdy turbulent and the committee consider5 as oppropraate its >liq of keeping the bulk of its illYC5tments in COIF. COIF continues to provide a comparativ¢ly reosonable retum irt tt secur¢ matjner. The smaller investment An M&G give5 some vari¢ty to the ￿(0110 and it al80 has pToduc)J a reasoDabl¢ return and groM¢h in a safe placc in th¢ ¢wreni tDark¢t. Pag¢ 3 MAGDALEN AND LASHER EDUCATIONAL FObl%DATIOJ¥ REPORT OF TRE TRUSTEES FOR THE YEAR E]¥DED 31 MARCH 2023 FINANCIAL REVIEW Reservts poliry The free reserves. which Ire th￿t unrtstrided fi￿dS not invested irt r￿ed assets or properties held for investr￿en( d¢si8nated for specific purposes or ctherwise ¢ommittrf are represented by net current assets and fimd$ held on deposit with CCLA. Tre45ury nianagerneftt of the Charitys ush res¢rves is delegE4ted to the F&GPC. The Truste¢s consid¢r the Charity's cosb reswrts at e4¢h of their me¢ttn8S. At 31 March 2023 the fre¢ reswv¢s t¢￿15¢41 £296,503 (2022.. £255,468). Tntstew •re risk averse aDd vi¢w the pres¢nt level of r￿try£S As apprwiate 4nd prudent. havin8 re8Ard to the Charity5 CU￿en1 activittcs. They will airn to rfain re6¢ryes of these levels a5 2 minimum for the ftreseeable fuTh]re. Trustee5 remttin Consci¢￿15 of the ttttd ts) hold $yffi¢i¢Dt reserves to m￿80¢ risk$. srRUCrn GOVERNANCE AND MANAGEMENT The charity is rutt by a Board of TThst¢¢s vknich deleBates KAne of tl$ fimdions lo ¢omrnittees. The Chairman is Clive Golbraith. The Varic￿5 rnanigement committces and the Administratrff of the Chwity. wtho is MTS ma￿1& Wo)If, njn th¢ day-¢Trday qyuatirn5. The chuity orsginatcd prioT to 21 March 1294 but 1$ now SO￿rned by a s¢h¢m¢ of th¢ Charity Cuwnissl￿CrS mad¢ on 12 Febrygry 1951, a$ 4tthended in 1965, 1981, 1989 and 2020. Rel%ted pArtAes The Charitys Trustecs are Trusttt8 of the Ma8d8l¢n & L4sher Charity Grnenl FuDd And M48dden & La5h¢r Old Hastiftgs House CIO. The Charitys Trust¢es h8v¢ considrnl the major risks lo thich the Charity is exp05cd and have tstablisbed 5ysiemJ d proc£dures to nJana8¢ th05¢ risks. The Trustces k¢ep th¢ir risk ￿lIcY under T¢gulaT revicw and #ct as ￿￿e$s￿ry. Polldt41 Contr*b￿￿On9 The Charity m8de no F¥Jlitical Contrit￿tion5. Approved by wder of the lJ)ord oftrustees on .................... .. . ......... ........ aod signed on its behAtf by. Mr C GdEYAith. This INDEPENDENT EX4MINER'S REPORT TO THE TRUSTEES OF MAGDALEN AND LASHER EDUCATIONAL FOUNDATION Indtp¢rydtD¢ ex•miD¢r'i report to the of Mggd•len ADd Lisher Kdtteatl•n*l FouTrd*tlo I rqM)rt to th¢ charity truste¢s OD my examination of the ACC￿nts of Magdalen And Lasher Education81 Foundation (the Tru5¢) the yeaT ¢nded 31 Marth 2023. R￿Th￿bIlItIe* *Dd bAsIi gf report As the charity trustecs of th¢ Trust re5wmsibie for the prep•r¥tii￿ of the a¢0)￿ts ia accird*nce the requirements of the Charitie5 Act 2011 I'the Acl,). I rtp)rt in respe¢1 of my examiDation of the Trusvs ac¢ounts carri¢d out under S￿li0n 145 of the Aei and In c*rrying crtli my examinati￿ J h•v¢ followd all applicable Dire¢tiort$ givett by the Charity cl￿1$510￿ under Smion 145(5Xb) of the Act. IDdtp¢ndent ¢TAmiD¢r's stA¢£weJbl Sinee your Ch￿l1￿S 8ross income ex¢cedvA £250,(￿0 your examiner Must be i mcmber of a listed ￿. I C￿ cthifim that l am qualified to undertake th¢ examiDatioD becaus¢ l member of the Insiitute of Charttrod Accountants EDgl8nd and Wal¢4 vknith 15 ￿e of th¢ listyl l￿dies. I hav¢ c￿llp1￿cd my exarnlnati￿. l cottfirni mthrial mther5 h#vE (*rfne to my jtt￿ti￿ in crnn¢¢t)￿ with the examin￿10￿ giving me ¢aus¢ to believe that Én aiiy Materi￿ respttt.. )unting r￿ordS were not kept ID respect of the Trust 8$ required by Se¢tion 130 of the A￿ OT th¢ accounts &) not •¢c(rd with rectyds; lx the acwmts do nrt wmply with the appli¢8bl¢ r¢quir¢meDt$ ￿ncernIng the ftym ond ¢4)nt￿t of ￿¢{A￿ts 5Ct out in the Chariti¢J (Accounts and Repxts) R¢Bulalions 2008 other than any requirement that the ac*ouTrts 8ivc a tru¢ and fair vicw which 15 not a maner wnsid¢rcd as part of OD Inde￿dent examin￿lOn. I hav¢ no ¢onc¢rns and have wne a¢mss no other matters in conDeaion with the examinati(m to whith attentic th£￿]d b¢ drawn in this in ryder lo ¢n•bl¢ a prq)er ￿derS￿ndIng of the aC¢{￿nIS io be reached. R Tayl(Y FCA A￿lty Profrs$ional Parlnership LLP Unit 2_02 lfjgh Weald House Glovers End Bexhill E&st Sussex TN39 SES PaBe 5 MAGDALEN AND LASHER EDUCATIONAL FOUI¥DATIO ATEmE￿ OF FINANCIAL A￿1VITIEs FOR THE YEAR ENDED 31 MARCH 2023 2023 Unru¢ri¢ted 2022 Totsl fimds Notes INCOME AND EIYDOWMENTS FROM Dortatic￿$ and legacies Inve51ment 276,441 270.733 Titsl 276,671 270.733 EXPENDMJRE ON CharltAble Atdvltiej Maj(r & Min(* Grants Grants in Aid and BursAries Governanee cog15 139.430 $6007 7,976 128,800 65,674 7.611 R¢ll￿ ￿￿ertY Expens¢s 21,826 20,785 Tirt*l 225,739 222,870 N¢¢ gain￿(1￿¢5) on iDvestm¢nts 1296J7T) 579,090 NET INCOMEI{EXPENDITURE) (245.945) 626,953 RECONCILIATION OF FUNDS Tirt41 fimds br(￿ght fon¥ard 9,511.461 8.884,508 TOTAL FUNDS CARRIED FORWARD 9265,516 9,511.461 The notes foTrn Part of thcse financial st•ttynats Pag¢ 6 MAGDALEN AND LASHER EDUCATIONAL FOUNDATION STATEMENT OF FINANCIAL POSITION 31 MARCH 2023 21123 Ullre5trict•d 21122 Total fund$ Notes FIXED ASSE13 Investhicnts Jn¥utm¢nt prcyerty 6,839,013 2,13•.1)00 7,128,793 2,130,000 69,•13 9.258,793 CURRENT ASSETS D¢btors: amwnts fa]lin8 due within one year C&sh at bank 1,061 313.935 1,061 270,865 314996 271.926 CREDrroRS Amounts failing due within ¢)n¢ ) (18,493) {16,458) 296J93 255,468 TOTAL ￿ETs LESS CURRENr LIABILITIES 9365J16 9,514,261 CREDITORS Amounts fallin¥ due after thatt 10 {2.800) Nrr ASSETS 9365J16 9.511.461 FUNDS Unrestrict￿1 fimds: GenerY41 Fund Battcv-HibE¢rt William Parkcr Desisn&ted Fund 6J69J6 544J69 2J51.687 6.551.256 559,840 2.393,365 9,265,S16 9,511,461 TOTAL FUNDS gJ65,5J6 9.511,461 The financial st8tem¢nts wete #pw￿1 by th¢ Board of Truste¢J and authorised for issue 1.8.lan.llary.2(124... . and were signed on its behalf by.. Mr C Gdbraith- Tn￿ce The ncées fom p8rt of these finan¢ial statemrnts Page 7 MAGDALEN AND LASHER £DUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 AccoiIKfiNG POLICIES BASIS OF PREPARING THE FtNANCIAL STATEMENrs Th¢ fiDancial ststements olthe tharity, *thich 18 a public bvlefii eniity under FRS 102, have Ircn prepared in aceord8nc¢ with the Charities SORP (FRS 102) 'A¢¢ouDtirtg and R¢portin8 by Charitie5'. Stsicment of R¢ciNnmendc4 Practice applicabl¢ lo ch8ritiu prq)aring their 8¢u)unts in accordanee with the FiDan¢ial Reporiing Standird appli¢*ble in the UK and Republic of Irelknd IFRS 102) (effective l January 2019)., Financial RepMiDg stafftd￿d 102 'The Financial ReportiThK Stshdard applicablc in ihe UK and Republtc of Ireland. &nd the Chariiies Act 2011. The fin4n¢id Statements have be￿ prepBred under the histori￿1 C4)$1 (L￿ve￿Ilth, with thc exc¢ption of investmenti Nthich art included at market v4lu& a5 modified by th¢ reval￿tion of wtsin assets. The addr¢5s of the principal pl¥¢e of Oper8¢1￿ 1$ 8iwI in the charÉty infrffm•ti￿ appthded to these financi sW¢ments. The nthire of the ¢haTityJ c4Jeration$ ond principl¢ xtivities are shown in the rewt of th¢ The financiol ststements are preparesj on a goin8 concern knis under thc historical eort ethvention. modified to include certain itfjlls at fair value. The financial statements are pres¢ttted in sterliD8 which i& the functi￿￿1 yof th¢ ¢hJrity and rounded to ihe nevest £1. The si8nifisXt Jcaxin¢in8 policifs applied in th¢ pr¢pNT*ioD of thes¢ financial sta*ments ar¢ set out bEIow. Thcse wlieies havt LMI C4XLSi5t¢ntly applied to 411)ws prtwitej un1¢$5 rth¢rwi% sl•i¢d. INCOMING RgsouRCES All income resource5 are included m ihe Statement of FiThaDcial A¢tivitie5 (SOFA) th¢n the charity is legally entitl¢d io the inrome after any perfornianc¢ (%)nditions have been mrt, the Amount can be mwured r¢liably and li is probable thai the income will be re¢¢ived. For donati￿]9 to be rxognised th¢ charÉry will have be¢ll n(rtified of th¢ hmounts the settlem¢nt date i WTitin8. If thcre are condrtions atthched ts the donatton and thi$ rryu]￿S a l¢vel of pafom)an¢e before cntitlernenl cpn be obtsined thcn the incLxtte is defetTed until those cymditions are fvlly mel or the fijlfilment of ththe (￿ditiOnS is within the wntrol of the tharity and rt 15 probable thAt they will k fvlfill¢d. Fcrf l¢g#ci¢s, entitlement 1$ th¢ earlier ofthe Charity brin8 nLrtified of an imp¢ttdin8 di5tributioD or the 1¢8acy being r¢ccived. At thi5 Point inc4yne is r¢cognistii On l¢g)cies will be n(rtifi¢d to the charity howv il is nol pcs5ible to measur¢ the amount exp¢ded to be distributed. OD th¢8¢ ocwion5, the legw As treated ax Dtin8ent asset aDd disclosed. tnvostment incimne is t￿ne￿ throuxkn holdin8 &￿ts investhieni purwses suth 0$ sharv aDd propwty. It in¢lud¢5 divrdendj, interest and rent. Where it 15 not prJcti¢abl¢ to id¢niify invejimfflt management in£uTred within a scheme with reasonabl¢ actricted fimdj that have been set asldc by the trustees for porti¢ular purposes. The aim and uJ¢ of e4¢h de8i8nAted fund 1$ s¢t out in the rewt of trusteej. Restricted fvnds are fimds which are to b¢ used in acuydan¢¢ wRth SP￿ifiC r¢5tri¢tion$ tmp05ed by the dcrflors or ￿1¢h have been raised by the clwity for partirJJlar purFws. The cost of r&siDg and adrninist¢rin8 su¢h nds are ¢hArged against the specific fund. The aim and Use of each specifJ¢ fund is set oul in thc notes to the finAnciaI 51atemMts. DEBTORS ¥e r¢wixd at the sdtl¢Thent amoimt due. CREDrroRS Creditors ar¢ re¢ognised wh¢r¢ lh¢ charity his a pre5eDt obliKdtion resulting frLxn a evcnt that will probably Tdult in thc traDyftr of fithds to • third party and the du¢ to settle the (*•ligation can be GOING CflNCERN The financlal &tattrneni$ have beets prepared on a going ¢on¢ern b&si$ as the tnJste¢s ￿lieve thal no M￿CrisI un¢¢rtainiies ¢xisr. The trus¢¢es h•v¢ ¢￿sIdered the level of fvnds held and the expected level of incoThe 8nd expeDdittw¢ for 12 M(￿th3 outhorisrng these financial siatcrnents. The budgded income and fApenditure is sufficient with th¢ level of r¢5erve¥ for the charity to be alAe to C4)ntinue as a ¥oin8 concern. FIXED ASSET JI¥VESTMENTS Fixed ￿¢1 investments arc LDitialiy mt45UTed at trnDsa¢tion price ¢xdudini nansacti￿ co3w And are subwuthtly measured at fair value ai cath Tepming CIw)8es in fair value are re¢o8ni8ed ID net itieMel(¢X￿￿dIEure) for the)w. Trans￿tI￿ C4)sts ¢xpensed as iDairT￿. Pa8e 9 coniinu¢&.. MAGDALEN AND LASHER EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- condnutd FOR THE YEAR EIYDED 31 MARCH 2023 DONATIOIYS AND LEGACIES 2023 2022 Sumdry income 23 INVESTMEI¥T INCOME 2023 2022 R¢ntal income rexeivabl¢ Dividfflds 73,679 202,762 74.970 195.763 276.441 270,733 SiIPPORT cosrs Support Costs are those that assist the work of the charity but do not direetly represent charitabl¢ a¢tivitre5 and include offire cosls. gov¢rnattcc costs, administrative pa>ToII costs. They are incurred directly in support of ¢xpenditure on the obj'ects of the charity aDd include project mfinagement caTried out at he8dqu8rters. Where 5UPPOrt costs e4nnot be dirertly attril)uted to p8rtiGular headings they have be￿) allocated to expemditurc on charitable &ctAvitits ￿ 8 basis consistent u% of resourrxs. Pr¢tnise5 overh¢ads have been all￿ted by calculation based on the amount of t&me that an activity u5e5 a fa¢ility and the fI￿r ar¢a (wipied by that ctivity and other overhexds have beoj ￿lOCated on a staff hours FAsis. TRU￿EEs, REMUNERATION AND BENEFITS There wer¢ no trustees, remuneration or ￿h¢r knefits for the year ended 31 Mar¢h 2023 n(r th¢ y ended 31 March 2022. TRUSTEES, EXPENSES There were no trustee5' expenses paid for th¢ year end￿ 31 M4rGh 2023 nor for th¢ year end¢d 31 MAr¢h 2022. FIXED A&SET II¥VESTMENTS Llsted invejtménts Market V8lue At l April 2022 Additions Disposals R¢valuations 7,128,793 107.097 (IIJ6,003) (290,874) At 31 March 2023 6039,(113 et book v4ltse At 31 Mar¢h 2023 6039.013 At 31 Mar¢h 2022 7.128,793 Page 10 continued... MAGDALKN AND LASHER EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL ￿ATEMEYfs- witinued FOR THE YEAR ETYDKD 31 MARCH 2023 FIXED ASSET INVESTMENTS. There no investm¢DI 8sJets wtside the UK. Li5t¢d Investmcnis- G¢ncral Listed invtStsn¢nts- ￿lleY Hibbert Iksignated Fund Li51ed inveslm¢nt- William PArker Designated Fund 4,484.J86 519.011 1835116 4.657.704 539.424 1.931,655 Totil 7 128 793 INVESTMENT PROPERTY F•ir val Al l April 2022 And 31 March 2023 41311JlOO Net IxwAt VAlue At 31 Marth 2023 2,J3Q,00 At 31 March 2022 2,130.000 The irtvesthient properti¢s Valu￿ iDd¢pMd¢nily in S¢ptC4nb¢r 2019. For all prqjertl￿. yvc for iw inherited at ihe merger with the William P•rker F(xmdation {W?F), Oakfield Estare A8ei]ts arc thc cI￿lty,8 rthtal *g¢nts. They have no rther COnn￿tI￿ with the Trustees. Mcridi4n Surveyor8 continue to manage the Iwo ex-WPF properties on ￿h8]f of the Chirity. Mr M Boles. *ppoirtt¢d as & TrU￿Ce last year. 15 A partDer at Meridi•n Sur￿. DEBTORS: AMouNfs FALLING DUE WITHIN ONE YEAR 2023 2•22 Rent arre4 1.061 1.061 Po8ell MAGDALEN AND LASHER KDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL ￿ATEMENTs- toMtl•Ded FOR THE YEAR ENDED 31 MARCH 2023 CREDrroiLs: AMOUNTS FALLING DUE WITHIN OIYE YEAR 2023 21122 GT8nts in aid- Bur38Ti Ac¢ruals and d¢f¢rre4J iD¢¥)m¢ 140lJ• 3.693 6.558 18,493 16.458 CREDITORS: AMOUNTS FALLING DVE AFfER MORE THAN ONE YEAR 2023 21122 Grants in 4id. Bursaries 11. MOVLMEKf IN FUNDS ovemeDt At 1.422 31.323 Unrejtdtted hm Gen¢r￿ Fund B￿lty￿bb¢rt William Parktt De5ign#t¢d Fund 6.558356 559J40 2J93J65 (188.696) (15.571) (41,678) 6J69J60 544369 2J51.687 9Jll.461 (245.945) 9.265J16 TOTAL FUNDS 9,5JI,46A (245,9451 9263JJ6 Net movement ID fiuids. includd in the ab)ve we Is follows.. In¢ondDg rewmrees ¢xpeThded Gaijs It￿e8 Unrejtrlctsd Ge#er•l Fund Batley-Hibbert William P￿k¢r Desi8natol Fund 184,781 15,091 76,799 (199,959) {1025Q) (ISJ30) {173,518) (20.412) {102,947) {188,696) {1SJ71) (41,678) 276,671 {225.739> (296J77) (245.945) TOTAL FUNDS 276,671 (225,739) 9A8m 1245,945) Page 12 Ct•)titsue4J... MACDALEN AND LASHER EDUCATIONAL FOUliDATION NOTES TO THE FINANCIAL STATEMENfs- FOR THE YEAR ENDED 31 MARCH 2023 MOVEME￿ IN FUNtAS. eoDthitted Comp*r*tivu for nmement fimdl movement At 31J22 At 1.4.21 Unr¢strl¢t¢d Iwnth G¢o¢ral Fwjd B•tlwTr￿bbtrt William Parker Designated Fund 6.174.979 524.290 2.185,239 383,277 35.550 208.126 6,558256 559.840 2,393.365 8.884.508 626,953 9,511.461 TOTAL FUNDS 8,884.508 626.953 9.511.461 Comparativ¢ net mov¢m¢nt in iDduda in the aÈove #re a$ followJ.' Iwjeoth￿ft1 G*ins *Dd MgvtmeDt Unrestrlcted fwi GeTherd Fund Batlcy-Hibbert Willith Porker D¢si8llat¢d Fund 200,125 14.795 55,813 (189.223) (22,100) (11.547) 372,375 42,855 163.860 383.277 35.550 208.126 270,733 {222,870) 579.090 626.953 TOTAL FUI¥DS 270.733 (222.870) 579.090 626.953 A ctlrreniyear 12 m(mth$ and prior year 12 months ccAnbin¢d position 15 as follows: Ntt At 31J23 At 1.4.21 U*reJtrleted Gencral Fund Batl¢y.lfjbbert William Parker D¢5i8nated Fund 6.174.979 524.290 2,185.239 194,581 19.979 166,448 6,369,560 544.269 2,351.687 8.884.508 381.008 9,265,516 TOTAL FUNIK8 8,884.508 381,008 9265.516 Pa8e 13 Itinued... MAGDALEN AND LASHER EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMEM. continued FOR THE YEAR F.NDED 31 MARCH 2023 ii. MOVEMENT IN FUNDS- e0llt1￿Ued A currenl year 12 months and prior year 12 M(￿lh5 combined net mov¢metJt itt r￿d$. included in the above ore as follow7: Resourcei expeDded G•llls Mov¢m¢n¢ rewurce4 UDr¢Jtrieted General Fund 384. 29,186 132,612 (389,182) (32,350) (27,077) 198.857 22,443 60.913 194.581 19,979 166,448 William Parker Designfttd Fund 547.404 (448.609) 282,213 381.IW8 TOTAL Fuf4DS 547,404 (448.609) 282213 381.008 12. RELATED PARTY DISCLOSURES The ¢haritys truste4s are also responsible for the activities of the Magdai¢n & lash¢r Charity lkn¢r81 Fund and Old H&stin8s Fbuse Charitable tncorpnt&l (k8aDiSation. IJ. UNREALISED GAINSI(LOSSES) ON llYVESTMENTS 2023 2022 COIF Invtstments Investment property Q91J,874) 579,090 Trt*l 87 14. IIYDEPENDENf EXAMINER REMUNERATION Th¢ tharity has in¢urrcd ]ndq)tDdeD¢ Exwnin¢r fees the year t￿alling £1,620 {2022- £1.458). ge14 MAGDALEN AND LASHER EDUCATIONAL FOiJNDATION DETAILED STATEMELwf OF FINANCIAL AcfIviTIES FOR THE YEAR ENDED 31 MARCH 21123 21123 2022 INCOME AND ENDOWMENTS Dott*tiDnS and ley¢i Sundry incom¢ 230 Investment IDeome Rental income rcceivable Dividends TJ,679 2112,762 74.970 195.763 276WI 270,733 Totsl Intomthg rewtsrces 27A671 270,733 EXPENDITURE Ch#ritable aetivities Major Minor Grants Gramts in Aid and Buffsaries 139,427 56J(17 128.81JO 65.674 J95,934 194,474 Rental Property Expen5e8 Insurancc Expenditure on properties Cor))mission to Smart Property Solutions Commission to Meridian Properl 3,491 9,432 7,115 1,788 2,954 9,144 6,931 1.756 2J,826 20.785 Support fogts Govern2n¢e c¥Jsts Contribution to OHH office ¢osts Independent ex8mination fees Bamk charges C{￿tribUtion to OHH payroll costs 1258 10211 69 5032 2.088 1.458 69 3,996 7,979 7,611 Totsi resources expended 225.739 222,870 Net Ineome before galns and 50,932 47,863 Re#lised rte0￿]sed and 1058eg Carried forward 50,932 47.863 Thi5 pa8e does not forni part of the statutory financial statements Page 15 MAGDALEN AND LASHER KDUCA170NAL FOUNDATION DETAILED STATEMETr￿ OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Re4liJed recylsed gaths and losses Brought fonwd R￿]sed gain51(1055e5) on fixe41 asset investments 50,932 47,863 (6.003) Net incomt 44,929 47.863 This page ¢kns not forni part of the statsiory financial stst¢ments Page 16