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|||Page|
|---|---|---|
|Council and Advisers|||
|Report ofthe Council||2-15|
|Report ofthe Independent|Auditor|16-18|
|Consolidated
Statement|ofFinancial Activities|19|
|Group and Charity Balance Sheets||20|
|Consolidated
Cash Flow|Statement|21-22|
|Notes to the Financial
Statements||23-42|
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|128,871(202|0-f196,3|6|9)were made during the ye|ar en|ded 30June 2021,|as shown below:|||
|---|---|---|---|---|---|---|---|---|
|Number of|||Type ofAward||||Amount|Paid|
|beneficiaries|||||||(8)||
||Re ular||a
ents to medical
ractitioners||and their widows|/ widowers||23,000|
|30|Short-term||a
ents or one-otf|ts where ur ent assistance isre uired||||42 028|
||Financial||assistance
with educational|ex|enses|||13,520|
||Financial||assistance with educational|e|enses atE som Colle e|||49673|
||Other|ants||||||650|
||||||||128,871||
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||Notes|Unrestricted|Restricted|Endowed|Total|Total|
|---|---|---|---|---|---|---|
|INCOME AND ENDOWMENTS FROM:||5'000|f.'000|5'000|2021
8'000|2020
&000|
|Charitable
activities|||||||
|School fees receivable
Ancillary
trading income
Other trading activities||24,956
1,572|||24,956
1,572|22,585
7,849|
|Non-ancillary
trading
income||141|||141|468|
|Other activities||200|||200|232|
|Investments|||||||
|Investment
income
Finance income||90
460|370
1||460
461|429
8|
|Voluntary
sources|||||||
|Grants and donations||674|802||1,476|1,929|
|TOTAL INCOME||28,093|1,173||29,266|27,500|
|EXPENDITURE ON:|||||||
|Raising funds|||||||
|Non-ancillary
trading|7|62|||62|741|
|Financing costs|7,8|738|||738|365|
|Investment
management|7|11|14|49|74|70|
|Fundraising
and development|7|166|||166|190|
|TOTAL DEDUCTIBLE COSTS||977|14|49|1,040|766|
|CHARITABLE ACTIVITIES|||||||
|Education
and grant making|7|25,734|692||26,426|25,395|
|TOTAL EXPENDITURE|7|26,711|706|49|27466|26,163|
|NET INCOME/(EXPENDITURE)|||||||
|FROM OPERATIONS||1,382|467|(49)|1,800|7,337|
|Gains on investments||402|469|1,717|2,588|277|
|NET INCOME FORTHE YEAR||1,784|936|1,668|4,388|1,554|
|Pension scheme actuarial losses|21||||(I)|(3)|
|NET MOVEMENT IN FUNDS||1,783|936|1,668|4,387|1,551|
|Fund balances brought forward at 1 July|20|18,454|5,521|10,697|34,672|33,JZ7|
|FUND BALANCES CARRIED
FORWARD AT30JUNE|20|20,237|6,457|12,365|39,059|34.672|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
||Notes|5'000||5'000|6'000|
|FIXEDASSETS||||||
|Tangible assets|10|30,289|31,212|30,261|31,180|
|Investments|11|17,789|15,186|17,S64|15,261|
|Derivatives|12|451||451||
|||48,529|46,398|48,576|46,441|
|CURRENT ASSETS||||||
|Stock||33|42|30|40|
|Debtors||841|1,168|997|1,212|
|Cash and deposits||7155|3,042|6 12|2,923|
|||8,029|4,252|7,939|4,175|
|CURRENT LIABILITIES||||||
|Creditors payable within one year|14|6,067|6,971|6,040|6,953|
|NET CURRENT ASSETS/||1,962|(2,719)|1,899|(2,778)|
|(LIABILITIES)||||||
|TOTAL ASSETSLESS||||||
|CURRENT LIABILITIES||50,491|43, 6'79|50,475|43,663|
|LONG TERM LIABILITIES||||||
|Creditors payable after one year|15|11,432|9,007|11432|9,007|
|NET ASSETS||39,059|34,672|39043|34,656|
|ENDOWED FUNDS|19,20|12@65|10,697|12@65|10 6I?7|
|RESTRICTED FUNDS|1920|6,457|5,521|6,457|5,521|
|UNRESTRICTED FUNDS|1920|20,237|18,454|20,221|18,438|
|TOTAL FUNDS||39,059|34, 6'72|39,043|34,656|
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Notes||5'000|8'000|
|Cash flows from operating|activities|||||||
|Net cash provided
by operating
activities||||||5411|3,912|
|Cash flows from investing|activities:|||||||
|Dividends
and interest from|investments||||460||437|
|Payments
for tangible fixed assets
Change in cash awaiting
investment
Proceeds on sale oftangible fixed assets|||||(2,264)
(14)
1||(2,873)
95
56|
|Net cash used in investing|activities|||||(1,817)|(2,285)|
|Cash flows from financing|activities:|||||||
|Repayment ofborrowing
Cash inflows from new borrowing
Movement
in finance leases|||||(8,486)
8,862
238||(3,353)
2,928|
|Finance costs paid
New fees in advance money
Fees in advance money utilised|||||(365)
1,699
~1429||(365)
1,056
~l33ll.|
|Net cash provided
by/ (used in) financing|||activities|||719|(1,064)|
|Change
in cash and cash|equivalents|in|the reporting|||||
|period||||||4,113|563|
|Cash and cash equivalents
at the beginning||ofthe reporting||||||
|period||||||3,042|2,479|
|Cash and cash equivalents
period|at the end|of the reporting||||~7155|3,042|
##
|(i) Reconciliation ofnet|income t|o net cash flow from ope|rating
activiti|es|||
|---|---|---|---|---|---|---|
|||||2021||2020|
|||||8'000||F000|
|Net income for the reporting
period (as per the statement|||||||
|offinancial activities)||||1,800||1,339|
|Investment
income|||(460)||(437)||
|Other finance income|||(451)||||
|Finance costs||||365|365||
|Depreciation
charges|||3,162||3,279||
|Loss/ (profit) on disposal|ofassets|||20|(31)||
|Decrease/ (increase) in stock||||9|7||
|Decrease/ (increase) in debtors
Increase/ (decrease) in creditors (excluding fees in advance)||||327
439
~3411|(28)
~588|2,573|
|Net cash provided
by operating||activities||5 11||3,912|
|ii) Analysis ofcash and cash equivalents|||||||
|||||2021||2020|
|||||5'000||F000|
|Cash in bank||||6,688||2,572|
|Cash in hand||||13||16|
|Notice deposits (less than|3 months)|||454||454|
|Total cash and cash equivalents||||7,155||3,042|
|iii) Analysis ofchanges|ia net debt||1July 2020|Cash flows|Non-cash|30June 2021|
||||8'000|OOOO|changes|%'000|
|Cash in bank|||2,572|4,116||6,688|
|Cash in hand|||16|(3)||13|
|Notice deposits|||454|||454|
|Cash snd cash equivalents|||3,042|4,113||7,155|
|Bank loans falling due within one||year|(1,203)|(7,659)|8,847|(15)|
|Bank loans falling due after more||than one year|(7,283)|7,283|(8,847)|(8,847)|
|Finance lease obligations|due within one year||(11)|(238)|190|(59)|
|Finance lease obligations|due after more than one year||||(190)|(190)|
|Total borrowings +finance lease||obligations|(8,497)|(614)||(9,111)|
|Net debt|||(5,455)|3,499||(1,956)|
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|CHARITABLE ACTIVITIES —FEESRECEIVABLE|CHARITABLE ACTIVITIES —FEESRECEIVABLE|CHARITABLE ACTIVITIES —FEESRECEIVABLE|CHARITABLE ACTIVITIES —FEESRECEIVABLE|2021|2020|
|---|---|---|---|---|---|
|||||K'000|F'000|
|Fees receivable consist of:||||||
|School fees||||26,450|24,049|
|Less: Scholarships,
bursaries|||and other awards|1,71|1,670|
|||||24,735|22,379|
|Add back scholarships|and|grants paid out ofrestricted funds||221|206|
|||||24956|22,385|
|CHARITABLE ACTIVITIES —OTHER INCOME||||||
|||||2021|2020|
|||||0'000|Z'000|
|Ancillary trading
income||||||
|Entrance and registration
fees||||193|136|
|Additional
charges to|pupils|||1,206|1,483|
|Insurance
commission||||4|10|
|Other||||169|220|
|||||1,572|1,849|
|OTHER TRADING|ACTIVITIES|||2021|2020|
|||||6'000|f.'000|
|Non ancillary trading|income|||||
|Epsom College Enterprises||Ltd||108|247|
|Courses and lettings||||33|221|
|||||141|468|
|Other activities||||||
|Epsom College Overseas Ltd - royalties||||200|200|
|Profit on sale offixed|assets||||32|
|||||200|232|
##
|FINANCE INCOME|||
|---|---|---|
||2021|2020|
||6'000|6'000|
|Bank and other interest receivable|10|8|
|Change in fair value ofderivatives|451||
||461|8|
##
|GRANTS|AND DONATIONS RECEIVA|BLE|||||
|---|---|---|---|---|---|---|
||||||Total|Total|
|||Unrestricted
5'000|Restricted
K'000|Endowment
5'000|2021
K'000|2020
f'OOO|
|Donations|to Royal Medical Foundation||||||
||||||6|4|
|Donations|to the College for other||||||
|charities, bursaries,
fixed asset purchases|||368||368|136|
|and other purposes|||||||
|Donations|to the Epsom College Education||||||
|Trust Fund
educational|for the development
of
faciTities and activities for the||434||434|1,025|
|College|||||||
|Government|Grants|668|||668|764|
|||674|802||1,476|1,929|
##
|(a) Total expenditure|||||||
|---|---|---|---|---|---|---|
|||Staff|Other||2021|2020|
|||Costs|Costs|Depreciation|Total|Total|
|||6'000|g'000|5'000|ZQQQ|OOOO|
|Raising funds|||||||
|Trading costs||32|19||62|141|
|Fundraising
costs||142|24||166|190|
|Investment
management|||73||74|70|
|Financing costs (note 8)|||738||738|365|
|Total raising funds||174|855|11|I 040|766|
|Charitable
activities|||||||
|Teaching
Welfare
Premises||10,340
3,114
453|1,999
1,465
1,981|41
2,508|12,380
4,579
4,942|12,246
4,382
4,954|
|Support and governance
costs
Grants, awards and prizes||1,561|1,695
667|602|3,858
667|3,316
499|
|Total charitable
activities||15,468|7,807|3,151|26,426|25,395|
|Total expenditure||15,642|8662|3162|27,466|26,161|
##
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|(b) Governanc|e
included
in support costs|||
|---|---|---|---|
|||2021|2020|
|||g'000|6'000|
|Remuneration
Remuneration
Reimbursement|paid to auditor for audit services
paid to auditor for assurance
services
ofpersonal expenses to Trustees —travel costs|40
3|40
I
I|
|||43|42|
|Remuneration
paid to auditor for audit services and assurance|Remuneration
paid to auditor for audit services and assurance|Remuneration
paid to auditor for audit services and assurance|Remuneration
paid to auditor for audit services and assurance|Remuneration
paid to auditor for audit services and assurance|services exclude irrecoverable|services exclude irrecoverable|services exclude irrecoverable|VAT.|||
|---|---|---|---|---|---|---|---|---|---|---|
|Remuneration
paid to the auditor ofEpsom College Enterprises
Ltd and Epsom College Overseas
Ltd for audit
services are included,
net ofVAT, within
Trading costs and amount to 54,140(2020:54,060) and f2,040 (2020:|||||||||||
|52,000) respectively.
Remuneration
52,500 (2020:I 2,500), remuneration|||paid to the auditor ofEpsom College Enterprises
paid to the auditor ofEpsom College Overseas||||Ltd for tax services
Ltd for tax services|||was
was|
|53,500(2020; 61,500).|||||||||||
|FINANCE COSTS|||||||||||
|||||||||2021||2020|
|||||||||0'000||F000|
|School fees in advance financing||costs||||||37||50|
|Bank borrowings
financing costs||||||||326||311|
|Change in fair value|ofderivatives|||||||373|||
|Pension scheme financing costs||||||||2|||
|||||||||738||365|
|STAFF COSTS|||||||||||
|||||||||2021||2020|
|||||||||g'000||6'000|
|The aggregate payroll costs for the year were as follows:|||||||||||
|Wages and salaries|||||||12,570||12,291||
|Social security costs||||||||1,303||1,273|
|Pension contributions||||||||1,769||1,664|
||||||||15,642||15,228||
|Aggregate
employee|benefits ofkey||management
personnel|||||1,310||1,274|
|The average number ofemployees||during||the year was:|||||||
|||||||||2021||2020|
|||||||||No.||No.|
|Teaching (including|teaching support||stafi)|||||136||137|
|Other||||||||293||315|
|||||||||429||452|
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|||Charity|Charity|||Subsidiary||
|---|---|---|---|---|---|---|---|
||Land &
Buildings|Assets
Under|Plant,
Machinery|Fixtures &
Equipment|Charity
Total|Fixtures &
Equipment|Group
Total|
|||Construction|&Vehicles|||||
||E'000|5'000|F000|F000|8'000|5'000|8'000|
|Cost or frozen valuation||||||||
|AtIJuly 2020
Additions
at cost
Transfers|62,316
961|723
619|I,775
23|5,874
653|70,688
2,256|50
8|70,738
2,264|
|Disposals|13)||39|1,534)|1,58||I 587|
|At 30June 2021|63,264|1,342|1,759|4,992|71 58|57|71415|
|Depreciation||||||||
|At IJuly 2020|33,374||1,442|4,693|39,508|18|39526|
|Charge for the year
Eliminated
on disposals|2,401
(13)||130
(23)|620
(1,526)|3,151
(1,562)|11|3,162
(1,562)|
|At 30June 2021|35,762||1,549|3,787|41097|29|41,126|
|Net book value||||||||
|AtIJuly 2020|28,942|723|333|I,181|31,180|32|31212|
|At30June 2021|27,502|1,342|210|1,205|30,261|28|30,289|
##
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|11.|INVESTMENTS|INVESTMENTS||||
|---|---|---|---|---|---|
|a)|Group and Charity Investment||movements|Total
2021|Tata!
2020|
|||||5'000|6'000|
||Group investments
as at I July|||15,186|15,064|
||Change in cash awaiting|investment||14|(95)|
||Realised gains/(losses)|||2,386|(152)|
||Unrealised
(losses)/ gains|||203|369|
||Group investments
at30|June||17,789|15,18o|
||Investment
in subsidiaries|||75|75|
||Charity investments
at 30June|||17,864|15,26'1|
|b)|Investment
analysis|||2021
5'000|2020
6'000|
||Fixed interest stocks and|bonds||2,280|2,494|
||UK equities|||4417|3547|
||Worldwide
equities|||8,580|o,872|
||Alternative
investments|||2,612|2,273|
||Group investments|||17,789|15,186|
||Investment
in subsidiaries|||75|75|
||Charity investments|||17,864|15,261|
##
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||||||
|---|---|---|---|---|
|DERIVATIVES|Group|Group|Charity|Charity|
||2021|2020|2021|2020|
||5'000|6'000|f.'000|6'000|
|Financial instruments|451||451||
##
|||||||
|---|---|---|---|---|---|
|DEBTORS||Group|Group|Charity|Charity|
|||2021|2020|2021|2020|
|||5'000|4'000|5'000|6'000|
|Fees and extras||393|336|393|336|
|Trade debtors||86|4|||
|Sundry debtors||43|175|43|175|
|Prepayments
and accrued income||319|653|314|651|
|Amounts
due &om subsidiary|companies|||247|50|
|||841|1,168|997|1,212|
|All debtors are due within one|year.|||||
|CREDITORS PAYABLE WITHIN IYEAR||Group|Group|Charity|Charity|
|||2021|2020|2021|2020|
|||6'000|6'000|5'000|&000|
|Deposits &om feepayers
Bank loans and overdrafts
Finance lease||2,635
15
59|2,458
1,203
11|2,635
15
59|2,458
1,203
11|
|Trade creditors||380|242|380|242|
|Taxation and social security||344|318|344|318|
|Other creditors, accruals and deferred income
School fees in advance scheme (see note 16)
Pension deficit funding (see note 21)||858
1,145
60|I,125
1,125
58|831
1,145
60|1,103
I,125
58|
|Holiday pay accrual||476|431|476|431|
|Derivative
financial
instruments||95||95||
|Amounts
due to subsidiary
companies||||||
|||6,067|6,971|6,040|6,953|
|CREDITORS: AMOUNTS FALLING DUE AFTER||MORE THAN ONE||2021|2020|
|YEAR||||||
|||||6'000|t."000|
|Bank loans and overdraits
School fees in advance scheme
Finance lease|(see note 16)|||8,847
1,956
190|7,283
1,506|
|Pension deficit funding (see note 21)||||161|218|
|Derivative
financial
instruments||||278||
|||||11432|9,007|
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|||2021|2020|
|---|---|---|---|
|||8'000|4'000|
|Beyond 5years||269|28|
|Within 2-5 years||1,687|1,478|
|Within
I year||1,145|1,125|
|||3,101|2,631|
|The movements
At I July|during the year were as follows:|2,631|2,905|
|New contracts during the year||1,699|1,05o|
|Amounts
accrued|to contracts|||
|||4,330|3,961|
|Amounts
returned
Amounts
utilised|to leavers
in payment offees|(30)
I199|1,330|
|Balance at 30June||3,101|2,631|
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||g'000|&000|
|Financial|assets measured||at|cost (a)|7,928|4,069|
|Financial|assets measured||at|fair value (b)|18440|15,186|
|Financial|liabilities|measured||at amortised cost (c)|13,887|12,6'60|
|Financial|liabilities|measured||at fair value (d)|373||
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|The net assets are held for the various|funds as follows:|||||
|---|---|---|---|---|---|
||Fixed||Net Current|Long Term|2021|
||Assets|Investments|Assets/|Liabilities|Total|
||||(Liabilities)|||
||F000|g'000|8000|F000|8'000|
|Unrestricted
funds||||||
|General fund|1,445|2,861|(1,028)|(351)|2,927|
|Fixed assets fund|28,844||(2,765)|(8,847)|17,232|
|Advance fees|||1,956|(1,956)||
|Derivative
reserve|451||(95)|278|78|
||30,740|2,861|(1,932)|(11,432)|20+37|
|Restricted funds||2,563|3,894||6,457|
|Endowed
funds||12,365|||12,365|
|Balances at30June 2021|30,740|17,789|1,962|11,432|39,059|
##
|19.|ALLOCATION OF|THE NET ASSETS|THE NET ASSETS|(continued)||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||2020|||Fixed||I/et Current|Long||Term|2020||
|||||Assets|Investments|Assets!|Liabilities|||Total||
|||||f'000|f'000|(Liabilities)
f'000|||f'000|f'000||
||Unrestrteted funds|||||||||||
||General fund
Fixed assets fund
Advance fees|||1,546
29,666|2,506|(1,266)
(6;497)
1,506|(218)
(7,283)
1,$06|||2,$68
1$,886||
||Restrictedfunds||||1,983|3,$38||||$,$21||
||Endowed funds||||10,697|||||10697||
||Balances at30June|2020||31,212|1$,186|(2,719|9,007|||34,6'72||
|20.|MOVEMENT ON FUNDS|||||||||||
|||||IJuly||||||Gains|30June|
|||||2020
f'000|Income
F000|Expenditure
F000|Transfers
f'000||/Losses
f'000||2021
5'000|
|a.|UNRESTRICTED|||||||||||
||Epsom College|||||||||||
||General fund
Designated
fixed asset
Derivative
reserve|fund||16
15,886|27,547
451|(26,253)
(373)|(1,293)
1,346
-|||(I)
-|16
17,232
78|
||Royal Medical Foundation|||||||||||
||General funds|||2,552|95|(85)|(53)|||402|2,911|
|||||18,454|28,093|26,711||||401|20437|
|b.|RESTRICTED|||||||||||
||Epsom College|||||||||||
||Scholarships,
bursaries|and|development|||||||||
||ofeducational
facilities|||4,831|1,024|(602)||||358|5,611|
||Royal Medical Foundation|||||||||||
||Grant funds —maintenance||and education|173|66|(45)||||28|222|
||Gift/annuity
fund|||517|83|59||||83|624|
|||||5,521|1,173|70||||469|6,457|
|c.|ENDOWED|||||||||||
||Epsom College|||||||||||
||Scholarships|||5,529||(25)||||887|6,391|
||Royal Medical Foundation|||||||||||
||Grant funds —maintenance
Reliefofpoverty
fund
Gift/annuity
fund
Foundation
scholars||and education|2,142
197
2,386
443||(10)
(I)
(II)
2||||344
32
383
71|2,476
228
2,758
512|
|||||10,697||49||||1,717|12465|
##
|20.|MOVEMENT ON FUNDS (Continued)|MOVEMENT ON FUNDS (Continued)|MOVEMENT ON FUNDS (Continued)|||||||
|---|---|---|---|---|---|---|---|---|---|
||2020|||1July||||Gains|30June|
|||||2019|income|Expenditure|Transfers|/I.asses|2020|
|||||L'000|OOOO|L'000|6'000|L'000|6'000|
|a.|UNRESTRICTED|||||||||
||Epsom College|||||||||
||Undesignated|||||||||
||General fund|||16|25,907|(25,496)|(408)|(3)|16|
||Designated:|||||||||
||Fixed assets fund|||15,416|||470||15,886|
||/1dvanced fees|||||||||
||Royal Medical Foundation|||||||||
||General funds|||2,605|89|(116)|(62)|36|2,552|
|||||18,037|25,996|25,61Z||33|18,454|
|b.|RESTRICTED|||||||||
||Epsom College|||||||||
||Scholarships,
bursaries|and|the|||||||
||development ofeducational|||3,809|1,367|(375)||30|4,831|
||facilities|||||||||
||Royal Medical Foundation|||||||||
||Grant funds —maintenance||and education|182|61|(72)|||173|
||Gift/annuity
fund|||493|76|59|||$17|
|||||4,484|1,504|506||39|5,$21|
||ENDOWED|||||||||
||Epsom College|||||||||
||Scholarships|||5,479||(23)||73|5,529|
||Royal Medical Foundation|||||||||
||Grant funds —maintenance||and education|2,123||(9)||28|2,142|
||Reliefofpoverty fund|||195||(1)||3|197|
||Gift/annuity
fund|||2,364||(10)||32|2,386|
||Foundation
scholars|||439||2||6|443|
|||||10,600||||142|10,697|
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|iscount rat|e is reco|gnised as a finance cost.|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||8'000|Z'000|
|Provision|at I July||||276|325|
|Unwinding|ofthe|discount factor (interest expense recognised|in SOFA)||2||
|Deficit contribution||paid|||(58)|(56)|
|Re-measurements||—impact ofchange in actuarial assumptions|(recognised|in SOFA)|1|3|
|Provisioa|at 30June||||221|276|
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|||Notes|Unrestricted|Restricted|Endowed|Total|
|---|---|---|---|---|---|---|
|||||||2020|
|INCOME AND ENDOWMENTS|FROM:||F000|6'000|6'000|I'000|
|Charitable
activities|||||||
|School fees receivable|||22,585|||22,585|
|Ancillary
trading income|||1,849|||1,849|
|Other trading
activities|||||||
|Non-ancillary
trading income|||468|||468|
|Other activities|||232|||232|
|Investments|||||||
|Investment
income|||86|343||429|
|Bank and other interest|||8|||8|
|Voluntary
sources|||||||
|Grants and donations|||768|1,161||1,929|
|TOTAL INCOME|||25,996|1 504||27500|
|EXPENDITURE ON:|||||||
|Raising funds|||||||
|Non-ancillary
trading||6|141|||141|
|Financing costs||6,7|365|||365|
|Investment
management||6|11|14|45|70|
|Fundraising
and development||6|190|||190|
|TOTAL DEDUCTIBLE COSTS|||707|14|45|766|
|CHARITABLE ACTIVITIES|||||||
|Education and grant making|||24,905|492||25495|
|TOTAL EXPENDITURE|||25,612|506|45|26,163|
|NET INCOME/(EXPENDITURE)
FROM OPERATIONS|||384|998|(45)|I/37|
|Gains on mvestments||10|36|39|142|217|
|NET INCOME/(EXPENDITURE)|FOR||420|1,037|97|1,554|
|THE YEAR|||||||
|Pension scheme actuarial (losses)/gains||19|(3)|||(3)|
|NET MOVEMENT IN FUNDS|||417|1,037|97|1,551|
|Fund balances brought forward at I|July|18|18,037|4,484|10,600|33,121|
|FUND BALANCES CARRIED||18|18,454|5,521|10,697|34,672|
|FORWARD AT30JUNE|||||||