2023-08-31-accounts - Dover College

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			Page
Trustees'	annual report
Independent auditor's		report to the members	14
Statement	of financial	activities
Statement	of financial	position	18
Statement	ofcash flows		19
Notes to the financial		statements	20

Reference	and administrative	and administrative	details
Registered	charity	name	Dover College
Charity registration		number	307856
Principal office			Dover College
			Elfingham Crescent
			Dover
			Kent
			CT179RH
			United Kingdom
The trustees
			Dr C Bcholileld. Myers
			Mr M R Goodridge	MBE
			Mr A N Baker			(Resigned 29 February 2024)
			Ms D Gispan
			Mr A Walliker
			Mr P Tapsell
			Mr N Harris
			Mr DTaylor			(Appointed 30 April 2023)
			Bishop T Willmott
			Mr D Rolls
			Ms KRogers MrJG Ryeland
Auditor			Burgess Hodgson	LLP
			Chartered accountants		&statutory	auditor
			Camburgh House
			27 New Dover Road
			Canterbury
			Kent
			CT13DN

	Yea	r ende	d 31 August	2023
				2023		2022
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note	2	2	2	2
Income and endowments
Donations andlegacies		4	78,500	12,250	90,750	11,565
Charitable activities		5	5,739,333		5,739,333	4,849,296
Other trading activities		6	285,635		285,635	121,514
Investment income		7	22,747		22,747	2,614
Other income		8	37,449		37,449	333,530
Total income			6,163,664	12,250	6,175,914	5,318,519
Expenditure Expenditure cn raising funds:
Costs of other trading	activities	9	141,289		141,289	54,528
Expenditure on charitable	activities	10,11	6,326,140	11,559	6,337,699	5,039,574
Total expenditure			8,467,429	11,559	6,478,988	5,094,102
Net (expenditure)/Income	and net
movement In funds			(303,765)	691	(303,074)	224,417
Reconciliation of funds
Total funds brought forward			3,008,704	95,989	3,104,693	2,880,276
Total funds carried forward			2,704,939	96,680	2,801,619	3,104,693

		31 August 2023
				2023	2022
					(restated)
			Note	2	2
Fixed assets
Tangible fixed assets			15	3,102,700	2,686,040
Cunent assets
Debtors			17	1,233,738	1,731,777
Cash at bank	and In hand			2,604,250	2,738,513
				3,837,988	4,470,290
Creditors: amounts		felling dus within one year	18	3,671,640	3,504,414
Nst current	assets			166,348	965,876
Total assets	less current liabilities			3,269,048	3,651,916
Creditors: amounts		falling due after more than one year	19	467,429	547,223
Net assets				2,801,619	3,104,693
Funds ofthe charity
Restricted funds				96,680	95,989
Unrestricted	funds			2,704,939	3,008,704
Total charity	funds		20	2,80'f,619	3,104,693

	Year end	ed 31 August 202	3
			2023	2022
				Irestster/I
				2
Cash flows from operating	activities
Net (expenditure)/income			(303,074)	224,417
Adjustments for:
Depreciation of tangible fixed	assets		280,012	270,808
Other Interest receivable and	similar income		(22,747)	(7,102)
Interest payable and similar charges			21,820	20,425
Gains on disposal of tangible	fixed assets		(9,224)	(254,041)
Accrued income				(415,010)
Changes In:
Trade and other debtors			498,039	(576,879)
Trade and other creditors			227,432	1,278,507
Cash generated from operations			692,258	540,925
Interest paid			(21,820)	(16,937)
Interest received			22,747	2,614
Net cash from operating activities			693,185	527,602
Cash flows from Investing	activities
Purchase of tangible assets			(688,448)	(230,565)
Proceeds from sale of tangible assets			1,000	369,798
Net cash (ussd In)/from Investing activities			(687,448)	139,233
Cash flows from financing	activities
Proceeds from borrowings			(140,000)	(140,000)
Net cash used In financing activities			(140,000)	(140,000)
Net (decrease)/increase In	cash snd cash	equivalents	(134,263)	526,835
Cash and cash equivalents	at beginning	of year	2,738,513	2,211,678
Cash and cash equivalents	at end ot year		2,604,250	2,738,513

					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
							(resisted)
	Donations
	Donations				9,565	2,000	11,565
5.	Charitable	activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
							(reeteted)
				2		2
	Day fees			2,558,200	2,558,200	2,597,417	2,597,417
	Flexible boarding fees			213,592	213,592	107,716	107,716
	Full boarders			3,519,436	3,519,436	2,275,044	2,275,044
	Junior department		fees	792,979	792,979	678,170	678,170
	Other fees			92,662	92,662	100,571	100,571
	Scholarships	and bursaries		(1,453,457)	(1,453,457)	(919,995)	(919,995)
	Registration	fees		15,921	15,921	10,373	10,373
				5,739,333	5,739,333	4,849,296	4,849,296
6.	Other trading activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
							(reeteled)
					2
	Fundralsing	events		1,654	1,654
	Tuck shop income			9,853	9,853	8,201	8,201
	Letting income			218,180	218,180	67,457	67,457
	School bus	service	income	55,948	55,948	45,856	45,856
				285,635	285,635	121,514	121,514
7.	Investment	income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
							(reeteted)
				2	2	2	2
	Bank Interest receivable			22,747	22,747	2,614	2,614

L	Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
						(resteted)
	Gain on disposal of tangible	fixed
	assets		9,224	9,224	254,041	254,041
	Other income		28,225	28,225	79,489	79,489
			37,449	37,449	333,530	333,530
9.	Costs of other trading activities
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
						(restated)
			2		2	2
	Tuck shop costs		3,126	3,126	7,017	7,017
	Staging events		3,773	3,773
	Letting costs		49,415	49,415	5,539	5,539
	School bus service costs		84,975	84,975	41,972	41,972
			141,289	141,289	54,528	54,528

10.	Expenditure	on charitabl	e	activities	by fund type
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2023
						2	2	2
	Expenditure	on charitable	activities			6,326,140	11,559	6,337,699
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2022
								(restated)
	Expenditure	on charitable	activities			5,039,574		5,039,574
11.	Expenditure	on charitable		activities	by activity type
						Activities
						undertaken	Total funds	Total fund
						directly	2023	2022
							2	2
	Expenditure	on charitable	activities			6,337,699	6,337,699	5,039,574

			2023	2022
				(reetater//
			2
Depreciation	of tangible fixed	assets	280,012	270,608
Gains on disposal of tangible		fixed assets	(9,224)	(254,041)

260,000to269,999
270,000 to279,999
2100,000to2109,999
Key Management Personnel

owing ban	ds, were:
2023	2022
2
1
1		1
4		2

Year ended 3 Tangible fixed assets	1 August 2023
	Freehold
	property	Equipment f'	Total 2
Cost
At 1 September 2022 (as restated)	4,939,412	1,138,546	6,077,958
Additions	480,136	208,312	688,448
Disposals	25,199	4,675	29,874
At 31 August 2023	5,444,747	1,351,533	6,796,280
Depreciation
At 1 September 2022	2,582,624	809,294	3,391,918
Charge for the year	155,992	124,020	280,012
Dlsposals	17,047	4,603	21,650
At 31August 2023	2,755,663	937,917	3,693,580
Carrying amount
At 31 August 2023	2,689,084	413,616	3,102,700
At 31 August 2022	2,356,788	329,252	2,686,040

Debtors
		2023	2022
			freeraredf
		2
Trade debtors		1,088,525	1,618,130
Prepayments	and accrued income	76,222	86,518
Other debtors		68,991	27,129
		1,233,738	1,731,777

Credit	ors: amounts fafling due within one year
		2023	2022
			(resteted)
			2
Bank	loans and overdrafts	140,000	140,000
Trade	creditors	192,030	114,592
Social	security and other taxes	89,763	63,881
Other	creditors	3,249,847	3,185,941
		3,671,640	3,504,414

Credi	tors: am	ounts falling due after more than	one year
			2023	2022
				(restsied)
			2
Bank	loans and overdralts		280,000	420,000
Fees	received	in advance	187,429	127,223
			467,429	547,223

			At					At
		1	September				3'I AUgUst	20
			2022	income	Expenditure	Transfers		23
			2		2	2
General	funds		3,008,704	6,163,664	(6,467,429)		2,704,939
			At					At
		1	September				31 August	20
			2021	Income	Expenditure	Transfers		22
			2	2	2	2	2
General	funds		2,767,006	5,3'I6,519	(5,094,'I02)	19,281	3,008,704

		At				At
		I September			31 August 20
		2022	Income	Expenditure	Transfers	23
			2	2	2
Leamlngton	lecture
theatre
Lecture theatre seating		6,670		(1,333)		5,337
Music school		30,600		(10,200)		20,400
Other restriced funds		34,299	12,250	(26)		46,523
Cobb centre		24,420				24,420
		95,989	12,250	(11,559)		96,680
		At				At
		1 September				31 AU9ust 20
		2021	Income	Expenditure	Transfers	22
			2	2	2	2
Leamington	lecture
theatre		3,073			(3,073)
Lecture theatre seating		8,003			(1,333)	6,670
Music school		40,800			(10,200)	30,600
Other restriced funds		36,974	2,000		(4,675)	34,299
Cobb centre		24,420				24,420
		113,270	2,000		(19,281)	95,989

Analysis	of net as	se	ts between funds
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2023
					2	2
Tangible	fixed assets			3,076,989	25,711	3,102,700
Current assets				3,767,019	70,969	3,837,988
Creditors	less than	1	year	(3,671,640)		(3,671,640)
Creditors	greater than		1 year	(467,429)		(467,429)
Net assets				2,704,939	96,680	2,801,619
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
				2	2
Tangible	fixed assets			2,648,770	37,270	2,686,040
Current	assets			4,411,571	58,719	4,470,290
Creditors	less than	1	year	(3,504,414)		(3,504,414)
Creditors	greater than		1 year	(547,223)		(547,223)
Net assets				3,008,704	95,989	3,104,693

Analy	sts ofchanges In net debt
				At
		At 1 Sep 2022	Cash flows	31 Aug 2023
		2	2	2
Gash	at bank and in hand	2,738,513	(134,263)	2,604,250
Debt	due within one year	(14o,ooo)		(140,000)
Debt	due after one year	(420,000)	140,000	(280,000)
		2,178,513	5,737	2,184,250

The total	future	minimum	lease payments	operating leases are as follows:	operating leases are as follows:
				2023	2022
					(rccreted)
				2	2
Not later than		1 year		105,167	83,570
Later than	1 year and not		later than 5years	224,333	40,997
				329,500	124,567