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||`Page`|
|---|---|
|`CouncilandAdvisers`|`1`|
|`ReportoftheCouncil`|`2-14`|
|`ReportoftheIndependentAuditor`|`15-17`|
|`ConsolidatedStatementofFinancialActivities`|`18`|
|`GroupandCharityBalanceSheets`|`19`|
|`ConsolidatedCashFlowStatement`|`20-21`|
|`NotestotheFinancialStatements`|`22-41`|








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|`ROYALMEDICAL`|`ROYALMEDICAL`|`FOUNDATIONOF`|`FOUNDATIONOF`|`FOUNDATIONOF`|`EPSOM`||`COLLEGE`|`COLLEGE`|||
|---|---|---|---|---|---|---|---|---|---|---|
|`CONSOLIDATEDSTATEMENTOFFINANCIAL`|||||||`ACTIVITIES`||||
||`FORTHE`<br>|`YEAR`<br>||`ENDED30JUNE2022`<br>||||<br>|||
|||`Notes`||`Unrestricted`|`Restricted`|||`|Endowed`|`Total`|`Total`|
||||||||||`2022`|`2021`|
|`INCOMEANDENDOWMENTS`|`FROM:`|||`£'000`|`£'000`|||`£'000`|`£'000`|`£'000`|
|`Charitableactivities`|||||||||||
|`Schoolfeesreceivable`|||`2`|`29,218`|||`-`|`-`|`29,218`|`24,956`|
|`Ancillarytradingincome`|||`3`|`1,859`|||`-`|`-`|`1,859`|`1,572`|
|`Othertradingactivities`|||||||||||
|`Non-ancillarytradingincome`|||`4`|`378`|||`-`|`-`|`378`|`14]`|
|`Otheractivities`|||`4`|`200`|||`-`|`-`|`200`|`200`|
|`Investments`|||||||||||
|`Investmentincome`||||`94`|`402`|||`4`|`500`|`460`|
|`Bankinterest`||||`12`||`2`||`-`|`14`|`10`|
|`Voluntarysources`|||||||||||
|`Grantsanddonations`|||`6`|`104`|`1,342`|||`-`|`1,446`|`1,476`|
|`TOTALBEFOREFINANCEINCOME`||||<br>`31,865`|<br>`1,746`||<br>|<br>`4`|<br>`33,615`|<br>`28,815`|
|`Changeinfairvalueofderivatives`|||<br>`5`|<br>`1,294`|||<br>`-`|<br>`-`|<br>`1,294`|<br>`451`|
|`TOTALINCOME`||||<br>`33,159`|<br>`1,746`||<br>|<br>`4`|<br>`34,909`|<br>`29,266`|
|`EXPENDITUREON:`|||||||||||
|`Raisingfunds`|||||||||||
|`Non-ancillarytrading`|||`7`|`135`|||`-`|`-`|`135`|`62`|
|`Financingcosts`||`78`||`535`|||`-`|`-`|`535`|`738`|
|`Investmentmanagement`|||`7`|`12`|`16`|||`52`|`80`|`74`|
|`Fundraisinganddevelopment`|||`7`|`166`|||`-`|`-`|`166`|`166`|
|`TOTALDEDUCTIBLECOSTS`|||<br>|<br> <br>`848`|<br> <br>`16`||<br> <br>|<br> <br>`52`|<br> <br>`916`|<br> <br>`1,040`|
|`CHARITABLEACTIVITIES`|||||||||||
|`Educationandgrantmaking`|||<br>`7`|<br>`28,223`|<br>`717`||<br>|<br>`:`|<br>`29,000`|<br>`26,426`|
|`TOTALEXPENDITURE`|||<br>`7`|<br>`29,071`|<br>`793`|<br>|<br>|<br>`52`|<br>`29,916`|<br>`27,466`|
|`NETINCOME/(EXPENDITURE)`|||||||||||
|`FROMOPERATIONS`||||`4,088`|`953`|||`(48)`|`4,993`|`1,800`|
|`(Losses)/gainsoninvestments`||<br>`11`||<br>`(254)`|<br>`(348)`||<br>|<br>`(1,097)`|<br>`(1,699)`|<br>`2,588`|
|`NETINCOMEFORTHEYEAR`||||`3,834`|`605`|||`(1,145)`|`3,294`|`4,388`|
|`Pensionschemeactuariallosses`||`21`||`125`|||`-`|`-`|`125`|`(1)`|
|`NETMOVEMENTINFUNDS`||||<br>`3,959`|<br>`605`|<br>|<br>|<br>`(1,145)`|<br>`3,419`|<br>`4,387`|
|`Fundbalancesbroughtforwardat`|`1July`|`20`||`20,237`|`6,457`|||`12,365`|`39,059`|`34,672`|
|`FUNDBALANCESCARRIED`||<br>`20`||<br>`24,196`|<br>`7,062`|<br>|<br>|<br>`11,220`|<br>`42,478`|<br>`39,059`|
|`FORWARDAT30JUNE`|||||||||||
|`Thenotesonpages22to41`|||`formpartofthese`||`financial`|`statements`|||||





||`ROYALMEDICAL`|`ROYALMEDICAL`|`FOUNDATIONOFEPSOMCOLLEGE`|`FOUNDATIONOFEPSOMCOLLEGE`|||
|---|---|---|---|---|---|---|
||`GROUPAND`||`CHARITYBALANCESHEETS`||||
||||<br>`AT30JUNE2022`||||
||||`Group`|`Group`|`Charity`|`Charity`|
||||`2022`|`2021`|`2022`|`2021`|
|||`Notes`|`£'000`||`£'000`|`£'000`|
|`FIXEDASSETS`|||||||
|`Tangibleassets`||`10`|`33,874`|`30,289`|`33,852`|`30,261`|
|`Investments`||`11`|`16,512`|`17,789`|`16,587`|`17,864`|
|`Derivatives`||`12`|`1,435`|`451`|`1,435`|`451`|
||||<br>`51,821`|<br>`48,529`|<br>`51,874`|<br>`48,576`|
|`CURRENTASSETS`|||||||
|`Stock`|||`51`|`33`|`47`|`30`|
|`Debtors`||`13`|`1,192`|`841`|`1,680`|`997`|
|`Cashanddeposits`|||`11,929`|`7,155`|`11,331`|`6,912`|
||||<br>`13,172`|<br>`8,029`|<br>`13,058`|<br>`7,939`|
|`CURRENTLIABILITIES`|||||||
|`Creditorspayablewithinoneyear`||<br>`14`|<br>`(7,396)`|<br>`(6,067)`|<br>`(7,351)`|<br>`(6,040)`|
|`NETCURRENTASSETS`|||<br>`5,776`|<br>`1,962`|<br>`5,707`|<br>`1,899`|
|`TOTALASSETSLESS`|||||||
|`CURRENTLIABILITIES`|||`57,597`|`50,491`|`57,581`|`50,475`|
|`LONGTERMLIABILITIES`|||||||
|`Creditorspayableafteroneyear`||<br>`15`|<br>`(15,119)`|<br>`(11,432)`|<br>`(15,119)`|<br>`(11,432)`|
|`NETASSETS`|||<br>`42,478`|<br>`39,059`|<br>`42,462`|<br>`39,043`|
|`ENDOWEDFUNDS`||`19,20`|`11,220`|`12,365`|`11,220`|`12,365`|
|`RESTRICTEDFUNDS`||`19,20`|`7,062`|`6,457`|`7,062`|`6,457`|
|`UNRESTRICTEDFUNDS`||`19,20`|`24,196`|`20,237`|`24,180`|`20,221`|
|`TOTALFUNDS`||<br>|<br>`42,478`<br>|<br>`39,059`<br>|<br>`42,462`<br>|<br>`39,043`<br>|
|`Thenetresultofthecharityfortheyear,included`|||`withinthefinancialstatements,wasa surplusof£3,003,000(2021:£4,145,000).`||||
|`ApprovedandauthorisedforissuebyMembersofCouncilpresentata meetingon9 November2022`|||||`andsignedon`|`theirbehalfby:`|
|`birdie`|`(Cor`||||||
|`A.J.Pianca`|||||||
|`Treasurer`|||||||















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|`ROYAL MEDICAL`|`ROYAL MEDICAL`|`ROYAL MEDICAL`|`FOUNDATIONOFEPSOMCOLLEGE`|`FOUNDATIONOFEPSOMCOLLEGE`|`FOUNDATIONOFEPSOMCOLLEGE`|`FOUNDATIONOFEPSOMCOLLEGE`|`FOUNDATIONOFEPSOMCOLLEGE`|`FOUNDATIONOFEPSOMCOLLEGE`|`FOUNDATIONOFEPSOMCOLLEGE`|`FOUNDATIONOFEPSOMCOLLEGE`|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|`NOTESTOTHEFINANCIALSTATEMENTS`||||||||`(CONTINUED)`|||||
||`FORTHE`||`YEARENDED30JUNE`||||`2022`||||||
|<br>`GRANTSANDDONATIONSRECEIVABLE`|||||||||||||
|||||||||||`Total`||`Total`|
|||||`Unrestricted`||`Restricted`||<br>`Endowment`||<br>`2022`||`2021`|
|||||`£'000`||`£'000`|||`£'000`|<br>`£'000`||`£'000`|
|`DonationstoRoyalMedical`|`Foundation`||||||||||||
|||||`2`|||`-`||`-`||`2`|`6`|
|`DonationstotheCollegefor`|`other`||||||||||||
|`charities,bursaries,fixedassetpurchases`||||`-`||`426`|||`-`|<br>`426`||`368`|
|`and otherpurposes`|||||||||||||
|`DonationstotheEpsomCollegeEducation`|||||||||||||
|`Trustforthedevelopmentofeducational`||||||||||||`434`|
|`facilitiesandactivitiesoftheCollege`||||`-`||`916`|||`-`|<br>`916`|||
|`GovernmentGrants`||||`102`|||`-`||`-`|<br>`102`||`668`|
||||<br>|<br>`104`<br>|<br>|<br>`1,342`<br>|<br> <br>|<br>|<br>`-`<br>|<br> <br>`1,446`<br>|<br> <br>|<br>`1,476`<br>|
|`Duringtheyearended30`|`June2022six`||`Governorsmade`||`total`|`donations`||`of£120,000to`||`theCollege`||`forthe`|
|`developmentofeducational`|`facilitiesandactivitiesoftheCollege`|||||`(2021:five`||`Governorsdonated£5,000`|||`intotal).`||
|`TheGovernmentGrant was`|`receivedunder`||`theCoronavirus`||`JobRetentionSchemefor3 monthsduringtheyear`||||||||
|`(2021:tenmonths).`|||||||||||||
|`ANALYSISOFTOTALEXPENDITURE`|||||||||||||
|`(a)Totalexpenditure`|||||||||||||
|||`Staff`||<br>`Other`||||||`2022`||`2021`|
|||`Costs`||<br>`Costs`||`Depreciation`|||<br>`Total`|||`Total`|
|||`£'000`||<br>`£'000`|||`£'000`|||`£'000`||`£'000`|
|`Raisingfunds`|||||||||||||
|`Tradingcosts`||||`-`|`123`|||`12`||`135`||`62`|
|`Fundraisingcosts`|||`143`||`23`||||`-`|`166`||`166`|
|`Investmentmanagement`||||`-`|`80`||||`-`|`80`||`74`|
|`Financingcosts(note8)`||||<br>`:`|<br>`535`||||<br>`:`|<br>`535`||<br>`738`|
|`Totalraisingfunds`|||<br>`143`|<br>|<br>`761`|||<br>`12`|<br>|<br>`916`||<br>`1,040`|
|`Charitableactivities`|||||||||||||
|`Teaching`||`11,009`||<br>`2,297`||||`26`|<br>`13,332`|||`12,380`|
|`Welfare`||`3,419`||<br>`1,909`|||||`-`|`5,328`||`4,579`|
|`Premises`|||`448`|<br>`2,239`||||`2,438`|<br>`5,125`|||`4,942`|
|`Supportandgovernancecosts`||`1,784`||<br>`1,959`||||`659`||`4,402`||`3,858`|
|`Grants,awardsandprizes`|||<br>`-`||<br>`813`||||<br>`-`|<br>`813`||<br>`667`|
|`Totalcharitableactivities`||<br>`16,660`||<br> <br>`9,217`||||<br>`3,123`|<br> <br>`29,000`|||<br>`26,426`|
|`Totalexpenditure`||`16,803`<br>||<br>`9,978`<br>||||`3,135`<br>|<br>`29,916`<br>|||`27,466`<br>|











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