Charlty registration number 307424
THOMAS HARDYE FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 AUGUST 2023

THOMAS HARDYE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
Prol H Grrffiths
Mr A Ballenline
Mi M Baker
MrGB3tt
Mr I Cornell
Mr G Lancashire
Mrs S Walkins
Mrs H OvÈr
Mr N Johnston
Mr N Thornley
Clerk to thè trustees
Mrs V E Smyth
Charity number
307424
Prlnclpal address
The Thomas Hardyè School
Queén's Avenue
Dorchester
Dorset
DT1 2ET
Registered office
The Thomas Hardye School
Queen's Avenue
Dorchesler
Dorsel
DT1 2ET
Ind¢pgndent •xamin•r
Pete Cattermole, FCA
Wadebridge Housè
16 Wadebridge Square
Poundbury
Dorche51er
Dorset
DT1 3AQ

THOMAS HARDYE FOUNDATION
CONTENTS
Page
Trustees, report
Independent examlnerfs report
statement of financial activitsgs
Bal8n¢e sheet
Notes lo the financial slatemer
8-15

THOMAS HARDYE FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 15 AUGUST 2023
The Trustees present theii annual report and financial slalements for the year ended 15 August 2023.
The financial statemants have been prepared in accordance with the accounting policies set out in note 1 to the
fin8ncial statements and comply with the Foundation's governing document. the Charitie5 Act 2011 and
"Accounting and Reporting by Charities.. Statement of Recommènded Practice applicable lo charities preparing
their accoun15 in accordancè with the Financial Reporting Standard 8pplicable in the UK and Republic of Ireland
IFRS 1021"
The Foundation's Charity Number is 307424.
The Foundation 1$ an unincorporated charity ils principal addiess & règislered office is.. The Thoma5 Hardye
School, Queen'5 Avenue, Dorchester. Oorset, DT1 2ET.
Objeetiv•s and actSvltles
The Foundation's objectives are sel out in its goveming document, Charity Commission Scheme dated 9
Ntsvèmber 1992, as amended by Charity Commission Scheme dated 30 July 1999, as amended by Trustees,
Resolution d*ed 28 April 2014 as amended by 18501utton dated 7 February 2022.
The Thomas Hardye Foundation serves to assist the Thomas Hardye Sthool by the provision and maintenance
of school buildings and by assislan¢e to students in need. The aclivilies of the Foundation are to provide lor the
maintènance of the school and a551slance of students in need through the careful managemènt of investment
portfolios and providing grants and prvzes lo the school and students. The Tr¢Jslees have paid due regard lo
guidance on publi¢ benefil issued by the Charity Commission in dèading what activities the Foundation should
undertake.
Financlal revlow
The Foundation's lolal funds at the year end decreased by £411,611 to £11,071,975 (2022 £11,483,586 ) as
shown in the Statement of Financial Aolivitie5. This decrease was mainly as a result of the decrease in the value
of the fixed assets from deprecAation of £322,097.
The Unrestricted Funds have decreased by £268,263 to £8,812.093 12022 £9,080,356). This includes total
grants made lo the school of £4.30012022 £829.4001. Annual depreciallon of £322,097 was charged in respect
Off￿ed assets.
The Unrèstricted Designated Funds was £18.58212022 £18,582). As the trust reached the ie¢oupmént valuè,tha
annual transf&r from Unreslricled Funds lo the Pemanènt Endowment as part of the Charity Commission
Recoupmerbl Orders was not made.
Restricted Funds decreased by £1,008 to £43,198 12022 £44,2CE). Prizes and grants paid out lo students
totalled £4,300 {2022 £1,300). Payments lo studènts were partly funded by the annual transfer from UnrestTicled
Funds of £3,000.
There was an dgcrèase in the Permanent Endowment Funds of £142,340 to £2.198,10212022 £2,340,442) This
includes the Iransfei of £68,068 to Unrestricted Funds and the loss in portfolio value of £119,683.
The balance sheet shows nel assets of £11,071,975 {2022 £11.483,5861 including long lèasehold land and
buildings held al cost less depreciation of £8,673,927. The bank balances at the year end in¢￿ased by £29,166
to £202,495 {2022 £173,329).
The Trustees monilof the level tsf reserves on a regular basis and ctsnsider that they must maintain sufficient
reserves to not onty covei the annu81 administration costs and prizes, bul also lo help with tho funding. where
possible of the major buildings works in both the short and long temi.

THOMAS HARDYE FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 15 AUGUST 2023
11 is the policy of the Foundation that liquid unrestricted funds which have not been deswJnated for a specific use
should be maintained al a level equiv31enl lo between three and slx months. expenditure. Liquid unrestricted
funds are currently £136,314 12022 £85,602) Inole 211. The Trustees consider that reserves al this level will
ensure that. in the event of a significant drop in funding, they will be able to continue the Foundation's current
activities while consideration is given lo ways in which additional funds may be raised. This level of reserves has
been maintained throughout thè year. However, the Tiuslees are aware that unrèstricted nel current assets are
low following expenditure in recent years on the dining hall and theatre refurbishment and intend lo rÈ51or6 a
healthy balan￿ going foNiard5.
Stnjeturè. governance and management
The Foundation is consliluled as a Charitable Trust (with incorporated Trustees) and registered with the Chaiity
Commission.
The TrLJ8tee3 who served during thé year and up lo tha date of signature of the finandal stalernen15 were..
Prof H Griffiths
Mr A Ballentine
Mr M Baker
MrGBatt
Mr I Cornell
Mr G Lancashire
Mrs S W81kins
Mrs H Over
Mr N Johnston
Mr N Thomley
The Tnjstees of the Foundation must consist of belween len and tsvelve persons Icurrenlly 101 being e04)pled
Trustees. Co-opted Tru51ee5 shall be appointèd for a five year term by a rèsolution of the Trustees passed at a
Special Meeting. Appointment can be made within one month of thè éxpiration of the retiring TruslÈe's lerrn, the
retiring Trustee may not vote on the appointment of hislher successor.
The Trustees have assessed the major risks lo which the Foundation is exposed. and are satisfied that systams
are in place lo mitigatg exposure lo the major risks.
The overriding charitable purpose of the Charity is for the advancement of education for the public's benefit. The
Trustèes havè no specific investment policy on ethical, social and environmental investments with the exception
that no investments are lo be made in tobacco companies. Policies are in place with regard lo risk rnanagement.
safeguarding children, conflict of interest, privacy and Data Protection. Day to day work ol the Charity is
organised by the Clerk, with the Trustee5 meeting not less than two limes each year.
The Trustees, report was approved by the Board of Tru8lee$.
WQQY
Pro
Trustee
riffiths

THOMAS HARDYE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THOMAS HARDYE FOUNDATION
I report lo the Trustees on my examination of the financial statements of Thomas Hardye Foundation Ilhe
Foundation) for the year ended 15 August 2023.
Responsibilitiès and basis of report
As the Trustees of the Foundation you are responsible for the preparation of the financi81 statements in
accordance with the requirements of the Charities Act 2011 Ith& 2011 Act).
I report in respect of my examination of the Foundatitsn's finanaal statements carried out under section 145 of
the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the ChaTity
Commission under section 14515llbl of the 2011 Act.
Independent examlnerfs statement
I have ¢ompleted my examination. I confirm that no matters have Come lo my attenlion in connection with thè
examination giving me cause to believe Ihal in any material Tespect..
accounting records were not kept in rèspect of the Foundation as requi￿d by section 130 of the 2011 Act,.
or
thè financial statements do not accord with those record5'. or
the financial slalerrents do not comply with the applicable requiremenls concerning the form and content
of accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any i&quir8ment
that the accounls gnie a true and lair VI￿ which is not a rnaller considared as part ol an independent
examination.
I have no concems and have ¢om& across no othef matttrrs in connection with the examin*ion to which
ttenlion should be drawn in this rèport in order to enable a propel understanding of the financial slalèmenls to
be reathed.
Pete Cattermole FCA
Wadebridge Hoijsè
16 Wadebrdige Square
Poundbury
Dorchester
Dorset
DT1 3AQ
Dated..
IJ ). )z(f

THOMAS HARDYE FOUNDATION
STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 15 AUGUST 2023
Unrestricted Unrèstricted Restricted Pemianènt
funds designated
funds Endowmènt
funds
2023
Total
Total
2023
2023
2023
2023
2022
Nots$
Donations and legaa&s
Investments
10
282
10
74.740
1,282
66,218
67,782
Total income and
èndowments
1,282
292
66,218
67,792
74,750
Raising funds
20.807
20,807
24.235
Charitable aclivities
325.977
4.31XJ
330.277
956,680
Other
8,636
8,636
8,748
Totsl resources
expended
334,613
4,3CXJ
20.807
359,720
989,663
Nel gainslllosses) on
investments
10
1119.8831 1119,6831 1153.045)
Net outgoing
resources befor•
transf•rs
1333.331}
{4.008}
174.2721 1411,611) (1.C67,9581
Gross transfers between
funds
65,068
3,000
{68,068)
Net movemont In lunds
1268.2S3)
11.008) 1142,3401 1411,611) 11.067,9581
Funty balances al 16
August 2022
9,080,356
18,582
44,206 2,340,442 11.,483.S86 12,551,544
Fund balances at 15
August 2023
8,812.093
18,$82
43,198 2,198.102 11,071,975 11.483,586
The statement of financial actNities includes all galns and105ses Tecognised in the year.
The statement of financial 8divthe5 includes all gains and losses recognised in the year. All incoma and expenditure
derive from continulng actlvilies.

THOMAS HARDYE FOUNDATION
BALANCE SHEET
AS AT q5AUGUST2023
2023
2022
Notès
Fix•d assèts
Tangible assets
Investments
12
13
8,873,927
2,198,102
8,996,024
2,340,440
10,872,029
11,336.464
Current assets
Stocks
Debtors
Cash at bank and in hand
14
15
283
15.473
202,495
283
18,358
173,329
218,251
191,970
Creditors- amounts falling due within
one year
16
118,3051
{44.848)
Nel CLtrr¢nt assets
199,946
147,122
Total assets le￿ ¢urr•nt Ilabilities
11.071,975
11,483,586
Capltal funds
Permanent endowment funds
20
2,198.102
2,340.442
Income funds
Restricted funds
Unrestricted designated funds
Unreslricled funds
20
20
20
43,198
18,582
8,812,093
44,206
18,582
9,080,356
11,071,975
11.483.586
The fin8nei81 statements were approved by th8 Trustees on ...
Prof H
Tru$ts&
riifiths

THOMAS HARDYE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 AUGUST 2023
Accounttng polleie$
Charity inforniation
The Foundatitsn is con51iluled as a Charitable Tru51 (with incorporated Tnjstses) and registered with the
Charity Commissbon under registration numbeT- 307424.
1.1 Accounting convention
The financial slalernenls have bean prepared in accordance with thè Foundation's goveming documents. the
Charities Act 2011 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice
applicable lo charities prgparlng IheiT accounts in accordance with the Financial Reporting StaNdard
applicable in the UK and Rèpublic of Ireland IFRS 1021° las amended for accounting perlods commencing
from 1 January 20161. The Foundation is a Public Benefit Entity as defined by FRS 102.
The financial slalemenls are prepared in stèding, which is the functional currency of the Foundation.
Monetsry arnounls in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the histoiical cost convention. The prineipal a(unling
policies adopted are set out below.
1.2 Charitable funds
Oesignated funds comprise funds which have beèn sel aside al the discretion of the Trustee5 lor Bpecific
purposes. The fund was set up to meet the obligations under the Charrty Commission Recoupment Orders
being the allo¢alion of£458.75 per annum to a PerTnanenl Endowment Fund (Recoupmenti.
Restricted funds are subject lo specAfic conditions by donors as to how they may bè used. Restricted funds
principally rèlate lo prrLe5 paid to students. Funds a18 topped up annually by the trustees lo ensure payment
of prizes.
Endowment lunds are subject lo specific conditions by donors that the capital must be maintained by the
Foundation. The Endowment Fund represents the original trust fvnd. subsequent additions have included the
growth in the share portfolio and the discharge recoupments. The Recoupment Fund represents amounts set
asidè to dale under the obligations of thè Charity Commission Recoupmfynl Orders for the previously spent
Permanent Endowments.
1.3 Incoming resources
Income is reeognised when the Foundation is legally enlilled lo il after any performance conditions have been
met. the amounts can be measured reliably, and it is probable that income will bè rè¢eived.
Cash donation$ are recognised on receipt. Other don8tion8 are recognised once the Foundation has been
notified of the donation, unless perfomance ¢¢)ndilions require deferral of thè amount. Income lax
recoverable in relation to donations rec&ived under Gift Aid or deeds of covenant Is iecognised al the time of
the donation.
Legacie5 8ie recognised on receipt or othe]wise rf the Foundation has been nolffied of an irnpending
distribution, the amount is known. and 18¢gipl is expected. If the arnount is not known. the legacy is treated as
a contingent asset.

THOMAS HARDYE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 15 AUGUST 2023
Accountlng pollcies
(Continued)
1.4 Resources ¢xp•nd
Expenditur8 is recognised once Ih¢re is a legal or constructive obligation tts transfer economi¢ benefit to a
third party, il is probable that a transfèr of econc*mic benefits will be required in setdement, and the amount of
the obligation Can be measured reliably.
Exp8nditure is classified by activity. The co8ts of each activity are made up of Ihe total of direct costs and
shared Costs, including support costs involved in und$rtaking each activity. Direct cos15 allTibutable to a single
activity are allocated directly lo that activity. Sh8red costs which contribute to more than one actNily and
support cos15 which are not attributable to a single activity are apportione(I betweèn those activities on a basis
consistent with the use of resources. Central staff c051s are allocated on the basis of time Spent, and
dèpreuation charges arè allocated on the portion of Ihe asset's usè.
1.5 Tanglble fmed a¥sttts
Land and buildlngs are held at cost less depreciation. Computers and office fumiture are held al costs less
deprecialion.
Depreciation is re￿gnisert so as to write off the cosl or valuali¢)n of assèts le5S their residual value3 over the
usefvl lives on the following bases..
Land and building5
Computers & office equipment
Slraighl line over 5012S years
20°A reducing balance
The gain or 1055 arising on the disposal of an asset 15 determined as the dlfference between the sale
proceeds and the carrying value of the asset. and is recognised in the statement of financial adivilies.
1.6 Flxed asset inve$tm•nts
Fixed asset illveslments are initially mèasured al transaction prtce exduding transaction costs. and are
subsequently measured at lair value at ea¢h reporting date. Changes in fair value are recognsed in the
coiresponding fund for the year. Transaction ¢osls are expensed 85 incurred.
1.7 Impaim)ènt of fixed ass•ts
At each reporting Ènd date, the Foundation rewews the carrying amoLbnts of Its tangible assets lo determine
whether there is any indication that those assets have suffered an impairment loss. If any such indtstion
exists, the recoverable amount of the asset is estimated in ordèr to determine the extent of the impaiirnent
loss lif any).
1.8 stocks
Stocks are staled al the lower of cost and estimated selling price lèss costs lo cornplète and sell. Cost
comprises direct materials and, where applicablè, direct labour costs and those oveiheads that have been
incuried in bringing the slocks to their present location and condilion_ Items held for distribution at no or
nominal ¢onsideration are measured at the loweT of replacèment cost or cost.
1.9 Cash and cash equivalènts
Cash and cash equivalents include cash in hand, depO$￿ts hèld at call with banks, other short.lerm liquid
investments with original maturities of thitse months or less, and bank overdrafts.
1.10 Financial instruments
Financial instruments are recognised in the Foundation's balance sheet when the Foundation bècomes parly
lo the contractual provisions of the instrument.
Financial a55et5 and liabilities are offset, with the net amounts presented in the financial slalements, when
there is a legally enforceable right 10 Sel off the recognised arpounts and there is an intention 10 5etde on a
net basis or to realise thè asset and sellle the liability simultaneously.

THOMAS HARDYE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 15 AUGUST 2023
A¢¢ounting policies
(Continued)
Basic financial assets, which in¢lude debtors and cash and bank balances, are initially rneasL¢red at
transaction price including transadion cos15 and are subsequently carried al amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the presenl value of the future receipts discounted at a market rale of interest. Finanual assets
dassified as recèivable within one year ale not amortised.
Basi¢ financial liabilities
8asic financial liabilities, including creditors and bank loans are initially recogni5ed al transaction prfce unless
the arrangement con5tilules a financing transaclitsn. where the debt instrument is measured al the prèsent
value of the future payments discounted 81 a market rale of interest. Financial liabilrties elassified as payable
wtthin one year are not amortised.
Debt instruments are subsequently cafried al amortised cost, using the effeCt￿e Interest late method.
Trade creditors are obllgalions to pay for goods or setvices that have been acquired in the ordinary course of
opèrations from supplier5. Amoun15 payable are classified as cvrrenl liabilitie5 if payment is due within one
year or less. If not, they are presented as non-cuiienl liabilities. Trade creditors are recognised intlially at
Iransaclion price and subsequently measured at amortbsed Cost using the effective interest method.
Dona￿0￿¥ and legacies
R•$tri¢tsd
funds
Restricted
funds
2023
2022
tkjnations and gifts
10
io
Investments
Unrestricted Restrleted Endowment
funds
funds
fund$
Total
Total
2023
2023
2023
2023
2022
Investment income
1.282
282
66,218
67.782
74,740
Forthe year endèd 15 August 2022
119
18
74.803
74,740

THOMAS HARDYE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 15 AUGUST 2023
Raising fund5
Endowmènt
funds
2023
Total
2022
Portfolio rnanagement feè
20.807
24,235
20.807
24,235
Charitable activitÈe¥
2023
2022
Depreciation and impairment
Rent paid
Wages- 50°/o Charitable
THS Maintenance grant
Grant for school prizes and Oldfield fund
Thealfe grant
Profimoss on plaques
322,097
322,099
3,878
3,878
29,400
1.300
600,000
4,300
330,277
956.680
33CI,277
956,680
Analysis by fund
Unreslricled funds
RestricÉed funds
325.977
4,300
955,380
1,300
330,277
956,680

THOMAS HARDYE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 15AUGUST2023
Grants payablè
2023
2022
Grants lo inslilulions:
Maintenance grant
Theatre grant
School prizes
Oldfield grant
29,400
600,000
1,300
1,200
1,300
3,000
4,300
631,900
Al a meeting of Trustees on 20 September 2021, the Trustees received a presentation from the We55ex Mulli
Academy Trust Chief Executive, on the current state of the School theatre. plans for refurbishment and 51wrce5
of funding already secured. The Trustees consideTed the information presented to them and forrnally agreed a
gr8nl of £600.000 lo The Thomas Hardye School. Thi5 grant was funded by a transfei frorn the Perrnanert
Endowment Fund. Permission for the transfer was sought and obtained under section 282 of the Charrtes Act
2011.
Trustees
None of the Trustees lor any persons connec*ed with them) received any remuneration or benefi15 frDm the
Foundation during the year. Travel expenses paid amounted to nil {2021 nill.
Employees
The average monthty nurnber of employees during the year was..
2023
Number
2022
Number
Total
No employees currently receive remuneiation in excess of£60,000 per annum. Employment cost5 are
recharged to the Foundation nel of social security costs.
Other expendlture
Unrestri¢tgd
funds
Totsl
2023
2022
Accountancy
Wages- 50°h non-chantable
Bank char985 & interest
ICO Costs
4,708
3.878
10
40
4,800
3,878
30
40
8.638
8.748
10-

THOMAS HARDYE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 15 AUGUST 2023
10 Net gainsl{losses1 on investments
Endowment
fund¥
2023
Totsl
2022
Revaluation of investments
Gainlllossl on sale of invésbn8nts
{119.6831 1191,8521
38,807
1119,6831 1153,0451
11 Taxation
The charity is exempl from lax tsn in¢ome and gains falling within section $05 of the Taxes Act 1988 or section
252 tsf the Taxation of Chargeable Gains A¢t 1992 to the extent that these are applied to its charitable objects.
12 Tangible fixed a$$¥ts
Land and Compvtors &
bulldlngs
offico
ulpmont
Total
Cost
At 16August 202Q
15,393.143
3,234
15,396,377
At 15Augusl 2023
15,393,143
3,234
15,396,377
D•prèciation and impairnRnt
Al 16 August 2020
D8proaation charged in the year
6,397,134
322.094
3,219
6.400,353
322,097
At 15 August 2023
6,719.228
3,222
6,722,450
Canylng amount
At 15 August 2023
8,673,915
12
8.673,927
Al 15 August 2020
8,996,009
15
8,996,024

THOMAS HARDYE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 15AUGUST 2023
13 Fixed asset investm•nts
Inv8slm*nt Recoupment
portfolio
Total
Cost or valuatlon
Al 16 August 2022
Valu*ion changes
Management fee
2,203,219
(120,9891
122,6551
137.221
1.306
2,340,440
1119,683}
122,655)
At 15 August 2023
2.059.575
138,527
2.198,102
Carrylng amount
At 15 August 2023
2.059,575
138,527
2,198,102
At 15 August 2022
2,203,219
137,221
2,340,440
Investment portfolio includes amounts held in the Quilter Cheviot Portfolio and ¢ash amounts held in a
deposf( account by Quilter Cheviot as long term funds for future investments. Recoupment includes amounts
held in COIF units. The COIF Units are held in the accounts based on the 37 January 2023 valaution
provided by COIF. The Trustees feel that this value materially refleets the balance as at 15 August 2023 and
that the cost of obtaining a separate valaution at this date is disproportionate. As the COIF fund has
exceeded tha amount intially granted by the Charily commission a request can be given to formally discharge
the fund.
14 Stocks
2023
2022
Finished goods and goods for resale
283
283
15 Debtors
2023
2022
Amounts falllng due withln one year:
Other debtors
Prepaymènts and accrued income
15,461
12
18,358
15,473
18.358
12-

THOMAS HARDYE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 15 AUGUST 2023
16 Creditors.. amounts falling due whthin one yèar
2023
2022
Trade Creditors
A¢cruals and deferred income
39
18,266
1.892
42.956
18.305
44,848
17 Endowment funds
Endowment funds represent assets which musl be held permanently by the Foundation. Income arising on the
endowment funds can be Used in accordance with the objects of the Foundation and is included as
unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
At 16August
2022
Ineomlng
resour¢ès
Resources
èxpended
Transfè
Gains and At 15 August
losses
2023
Pemianent endowmènts
2,340,442
66.218
120,80n
168,0681
1119,6831
2,198,102
Pr•vious year. At 16 August
2021
Incoming
resources
Re$ourc•$
expended
Transfers
Galn$ and At 1S August
108se$
2022
Pemian•nt andowments
3,117,263
74,603
124,23S}
1674.1441
1153,045}
2,340,442
18 Re$trl¢t•d funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as lo how they may be used.
At 16 August
2022
Incomlng
r•sourc8s
Resources
expended
Transfors At 15 August
2023
44,206
292
(4,3001
3,000
43,198
Pr•vlous year:
At 16August
2021
Incoming
resources
Resources
expendèd
TransfeTr At IS August
2022
42,478
28
(1,300)
3,000
44,206
13-

THOMAS HARDYE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 15 AUGUST 2023
19 Unrèstricted funds
The unrestricted funds of the tharity comprise the unexpended balances of donations and grants whith are
not subject lo specific condititsn5 by donors and grantors as to how they may be used. These include
designated funds which have been Sel aside out of unrestricted funds by the tru51ee5 for specific purposes.
At 16 August
2022
Incoming
resources
Resources
expended
Transfors At 15 August
2023
General funds
9,080,356
1.282
1334.6131
65.068
8,812,093
Previous year:
At 16 Augu$t
2021
Incoming
Resources
expènd•d
Trnnsfgr¥ At 15 AugU¥t
2022
General funds
9,372,762
119
1964,1281
671,603
9.080,356
20 Movomant In fund$
Movement in funds
al4nce at
16August
2022
Incomlng
sourtès
Rèsourtès
expondgd
Translors
Galns and
Balancg at
lossès 1SAugust 2023
Unrestricted Funds
Unrestricted D&signaled
FurKIs
Restricted Funds
Permanent Endowment
9,080,356
1.282
1334,613)
65.068
8.812,093
18,582
44,206
2,340.442
18.582
43,198
2.198,102
292
66,218
{4,300)
3.000
(20,807) 1119,683)
168,068}
11,483,586
67,792
359,720
{51,615)
{68.0681 11.071,975
14-

THOMAS HARDYE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 15 AUGUST2023
21 Analysls of net assèts botween funds
Unrestricted Unrèstrlcted R￿triCt￿d Pernianent
Funds Designated
Funds En(lowment
Fund$
2023
Total
Total
2023
2023
2023
2023
2022
Fund balanees at
15 August 2023
are represented
by..
Tangible assets
Investmen15
Current asset￿lI13biIiIieSI
8.673,927
8,673,927 8.996,024
2.198,102 2,198,102
2.340,440
199.946
147,122
138,166
18,582
43.198
8,812,093
18,582
43,198 2,198,102 11,071,975 11,483,586
Unrestricted fund5 current assets include £15,461 12022 £18,358) of dividends declared on the endowment
fund's investment portfolio before the year end which weie receivèd after the year end. Oesignaled funds
include a provision for the amounts owed lo the COIF fund before il can be discttarged. Once Ihe discharge
has been sought and there are no further obligations to the COIF then the designated fund will be trdn5fered
to the un￿striCted fijnd. Amounts held on the COIF fvnd will be added to the Permanent Endowment
investment portftslio.
22 Related party transactions
TheTe were no disc105able related party transactions during the year12022- none).
23 Subsidiarie$
Detsils of the Foundation's subsidiary charitie$ ara as follows, e8ch are registered by the Chairty Commission
under Thomas Hardye Foundation Ino. 3074241=
1. N L Baker Prlze Fund
2. The Tesco pr￿￿
3. Chairman of Govèmorfs Award
4. Colonal Oldfield for Scholarships
5. The Thomas Hardye Scholarship
6. Napie¢s Prize Endowrnenl
7. The Balfour PfEe for Good English Writing, ICW Dorchester Cty Grarnmar School for Girls
15-