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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|
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|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||||
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||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|
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|||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|
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||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|
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||||||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|
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|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|
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||||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|
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|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|
##
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|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|
##
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|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|
##
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||||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||
##
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|||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|
##
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|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|
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|The total|future|minimum|lease payments|under non-cancellable|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|
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