2022-12-31-accounts - The Church Schools Of Cambridge (The Old Schools)

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CONTENTS AND C	HARITY INFORMATION
CO~S		PAGE
Report ofthe Trustees		1-3
Independent Auditor's	Report	4-6
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements	9-15

EX-OFFICIO TRUSTEES	Rev'd Dr J Bunker Vicar ofthe Parish	of	Ascension (StLuke' s)	Ascension (StLuke' s)
	Rev'd INay Vicar ofStPaul's Church			(fiom 1st September 2022)
	Rev'd Dr RBarry Vicar ofSt Philip's	(from		1st September 2022)
	Mr R Summers Representing St Clements			(until 28th February 2022)
	Rev'd A Day (from 1stMarch 2022)
LAY TRUSTEES APPOINTED BYPCCs	Mrs G Ambrose Mr D Farrer «« Mr A MacLellan«," Mr M Pettifer «' Parish ofAscension (StLuke' s) St Paul's St Philip's (Treasurer and Vice Chair) St Clements
LAY TRUSTEES APPOINTED BYTHE DIOCESAN BOARD OF EDUCATION	Canon A Read ' Rev'd A Day ' (unti128th February 2022) Currently		Vacant
TRUSTEES APPOINTED BYTHE UNIVERSITY OF CAMBRIDGE	Dr K Carne ', «« Mrs P Pritchard OBE '
TRUSTEE APPOINTED BYSOUTH
CAMBRIDGE DEANERY SYNOD	Currently Vacant
TRUSTEE APPOINTED BYNORTH
CAMBRIDGE DEANERY SYNOD	Currently Vacant
CO-OPTED TRUSTEES ELECTED BY	Mrs C Lowe «(until 31stDecember 2022)
THE BOARD FOR 5 YEARS	The Rev'd M Roberts'
	Dr K Came (until 31st December 2022)
	Mrs P Pritchard OBE(fiom 1st January 2023)
MANAGEMENT TEAM	Isobel Rawlhtson supported by administrator and	project		officers
PRINCIPAL OFFICE	c/o StPhilip's Church Centre
	185 Mill Road, Cambridge, CBI 3AN
AUDITORS	Prentis &Co LLP
	Chartered Accountants and Statutory Auditors
	115cMilton Road, Cambridge, CB4 IXE
BANKERS	CAF Bank Ltd
	25 Kings Hill Avenue, Kings Hill, West Mailing,	Kent, ME I94JQ
INVESTMENT MANAGERS	CCLA Investment Management
	One Angel Lane, London, EC4R 3AB
SOLICITORS	Ashtons Legal, 77Newmarket Road, Cantbridge,	CB5 8EU
LINKED CHARITIES	Park Street Church ofEngland Junior Mixed and	Infants		School (311326-4)
	StLukes Church ofEngland School (311326-2)
	StPaula Church ofEngland School Junior Mixed	Infants		(311326-8)
	St Philips Church ofEngland School (311326-5)
' denotes member ofthe Executive Conunittee ««denotes member ofthe Finance		Committee

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			2022	2021
		Notes	I
FIXEDASSETS
Tangible fixed assets			I1,079		11,721
Investments			10,114,421	1	1,352,114
TOTAL FIXEDASSETS			10,125,500	11,363,835
CURRENT ASSETS
Debtors		10	82,661	29,025
Cash at bank and in hand			203,966	241,817
TOTAL CURRENT ASSETS			286,627	270,842
LIABILITIES
Creditors: amounts falling due within
one year NETC~ASSETS			(144412) 142,415	(40,437)	230,405
TOTAL NET ASSETS THE FUNDS OFTHE~			10467,915	11,594,240
Restricted ihnds:
Permanent endowment	fund		7,706,352		8,735,741
Unrestricted ftmds			2,561,563		2,858,499
TOTAL FUNDS			10467,915	11,594240

INVESTMENT INCOME	INVESTMENT INCOME				2022	2021
Interest on cash deposits					134
Income fiom listed	investment				351,084	288,997
Rental income					40,966	43,294
					392,184	332,291
INCOME FROM OTHER TRADING ACTIVITIES					2022	2021
Refund ofSection	106Project	costs			2,118	1,395
Solar Panel income					7,743	6,731
Other					301	399
					10,162	8,525
EXPENDITURE ON CHARITABLE ACTIVITIES
				Direct	Support	Total
			Grants	costs	costs	2022
Grants to promote	education:
Grants to schools			233,152	3,707		236,859
Grants to service delivery charities			39,647			39,647
In house education A~ation	projects			60,537	36,468	60,537 36,468
Development, repair and maintenance
ofchurch schools			2,118	11,038	4,311	17,467
Total expenditure	for charitable	activities	274,917	75,282	40,779	390,978
EXPENDITURE ON CHARITABLE ACTIVITIES				Direct	Support	Total
			Grants	costs	costs	2021
PRIOR YEAR			8
Grants to promote	education.
Grants to schools			128,274	3,092		131,366
Grants to service delivery charities			34,043			34,043
In house education	projects			42,436		42,436
Administration					31,279	31,279
Development, repair and maintenance
ofchurch schools			1,395	11,966	3,834	17,195
Total expenditure	for charitable	activities	163,712	57,494	35,113	256,319

ANALYSIS OF SUPPORT COSTS	ANALYSIS OF SUPPORT COSTS	ANALYSIS OF SUPPORT COSTS
				Charitable	Governance	Total
CURRENT YEAR				activities	costs	2022
Wages and salaries				36,468		36,468
Audit, accountancy	and legal	fees			4,311	4,311
Total support costs				36,468	4,311	40,779
				Charitable	Governance	Total
PRIOR YEAR				activities	costs	2021
Wages and salaries				31,279		31,279
Audit, accountancy	and legal	fees			3,834	3,834
Total support costs				31,279	3,834	35,113
ANALYSIS OF STAFF COSTS AND KEYMANAGBMBNT			PBRSONNEL		2022	2021
Wages and salaries	(including	social security)			67,294	58,747
Pension costs					3,012	2,661
					70,306	61,408
No employees had	emoluments	m excess off60,000(2021:none).

ga.	TANGIBLE FIXEDASSETS
	CURRENT YEAR	Computer	Mobile	Park Street
		Equipment	Classrooms	Lease	Total
	COST OR VALUATION
	Balance at 1st January 2022 and 31stDecember 2022	3,276	35,724	32,]13	71,113
	DEPRECIATION
	Balance at I January 2022	3,276	35,724	20,392	59,392
	Charge for the year			642	642
	Balance at 31 December 2022	3,276	35,724	21,034	60,034
	NET BOOK VALUE at 31December 2022			11,079	11,079
gb.	TANGIBLE FIXEDASSETS
	PRIOR YEAR	Computer	Mobile	Park Street
		Equipment	Classrooms	Lease	Total
	COST OR VALUATION
	Balance at 1st January 2021 and 31stDecember 2021	3,276	35,724	32,113	71,113
	DEPRECIATION
	Balance at I January 2021	3,276	35,724	19,750	58,750
	Charge for the year			642	642
	Balance at 31December 2021	3,276	35,724	20,392	59,392
	NET BOOK VALUE at 31 December 2021			11,721	11,721

	Tangible fixed assets do not include	Tangible fixed assets do not include	thc value ofschool buildings	thc value ofschool buildings	thc value ofschool buildings	as it is not known	as it is not known	the basis that it
	is immaterial to the Trust.
9a.	INVESTMENTS - CURRENT YEAR			Market					Market
				Value				Net	Value
				1st January		Additions/		Unrealised	31st December
				2022		Income	Transfer	Gains/(losses)	2022
					f.
	Permanent endowment	fund
	Central board offinance	investment	fund	8,735,741				(1,029,389)	7,706,352
	General funds
	Central board offinance	investment	fund	2,6]6,373		]00,000		(308,304)	2,408,069
	Total Investments			]1,352,	114	100,000		(1,337,693)	10,1]4,421

9b.	INVESTMENTS - PRIOR YEAR	INVESTMENTS - PRIOR YEAR	INVESTMENTS - PRIOR YEAR				Market				Market
							Value			Net	Value
						]st January		Additions/		Unrealised	31st December
							2021	Income	Transfer	Gains/(losses)	2021
										8
	Permanent endowment	fund
	Central board offinance	investment			fund		7,627,309			1,108,432	8,735,741
	General funds
	Central board offinance	investment			fund		2,284,395			331,978	2,616,373
	Totallnvestments						9,911,704			1,440,410	]],352,114
	The historical cost ofinvestments			at	31st	December	2021 was f4,686,725 (2020:f4,686,725).
	All invesunents are held	primarily		for the		purpose ofproviding		an investment	return.
10,	DEBTORS									2022	202]
	Accrued income and other debtors									8],406	27,863
	Prepayments									],255	1,162
										82,661	29,025
11.	CREDITORS'. Amounts	falling	due		within	one year
										2022	2021
	Taxation and social security									],224	1,156
	Other creditors									58,579	8,534
	Sums held on behalf ofschools									72,052	26,897
	Accruals and deferred income									12,357	3,850
										]44,212	40,437
12a.	FUNDS ANALYSIS					Balance as					Balance as
	- CURRENT YEAR						at 1st				at 31st
							January			Gains/	December
							2022	Income	Expenditure	(Losses)	2022
										f
	Permauent endowment	fund
	Old Schools ofCambridge						8,735,741			(1,029,389)	7,706,352
	Restricted funds
	Section 106project costs							2,118	(2,]18)
	Unrestricted funds
	General fund						2,858,499	400,228	(388,860)	(308,304)	2,561,563
	Total funds						]],594,240	402,346	(390,978)	(1,337,693)	10,267,915

FUNDS ANALYSIS	FUNDS ANALYSIS		Balance	as				Balance as
- PRIOR YEAR			at 1st					at 31st
			January				Gains/	December
			2021	f	Income	Expenditure	(Losses)	2021
Permanent	endowment	fund
Old Schools	ofCambridge		7,627,309				1,108,432	8,735,74]
Restricted funds
Section 106	project costs				],395	(1,395)
Unrestricted	funds
General fund			2,442,024		339,421	(254,924)	331,978	2,858,499
Total funds			10,069,333		340,816	(256,319)	1,440,410	11,594,240

13a.	NET ASSETSBYFUND	NET ASSETSBYFUND	NET ASSETSBYFUND	Tangible		Net
	- CURRENT YEAR			Fixed		Current	2022
				Assets	Investments	Assets	Total
						f
	Permanent	endowment	fund:
	Old Schools	ofCmnbridge			7,706,352		7,706,352
	Unrestricted	funds		11,079	2,408,069	142,415	2,561,563
	Total funds			]1,079	10,114,421	142,415	10,267,915
13b.	NET ASSETS BYFUND			Tangible		Net
	-PRIOR YEAR			Fixed		Current	2021
				Assets	Investments	Assets	Total
	Permanent	endowment	fund:
	Old Schools ofCambridge				8,735,741		8,735,741
	Uurestricted	funds		11,721	2,616,373	230,405	2,858,499
	Total funds			11,72]	11,352,1]4	230,405	11,594,240