# ## ||**Pages**| |---|---| |Trustees’ report|1 - 5| |Independent Examiners report|6 - 7| |Statement of financial activities|8| |Balance sheet|9| |Notes to the financial statements|10 - 17| |**Clerk to the Foundation**|P Bainbridge, supported by Angela Phoung|P Bainbridge, supported by Angela Phoung| |---|---|---| |**Correspondence address**|149 Court Lane, London, SE21 7EE|| |**Trustees**|K Ludlow|(Chair)| ||R J Moreland|(Retired May 2022)| ||A Brown|| ||D Mortimer|| ||P Hullah|| ||R Burke|| ||P Bainbridge|| ||J Walter|| ||S Tenison|| ||C Jourdain|| ||A Phuong|| ||M G Mathieson|| |**Registered Charity Number**|312694|| |**Bankers**|National Westminster Bank Pic|| ||PO Box 3171|| ||290 Walworth Road|| ||London|| ||SE17 3RQ|| ||COIF Charities Deposit Fund|| ||Senator House|| ||85 Queen Victoria Street|| ||London|| ||EC4V 4ET|| |**Investment Managers**|Rathbones Investment Management Ltd|| ||159 New Bond Street|| ||London|| ||W1S2UD|| |**Independent Examiners**|Tim O'Connor ACA FCCA DChA|| ||Scrutton Bland LLP|| ||Chartered Accountants|| ||820 The Crescent|| ||Colchester Business Park|| ||Colchester|| ||Essex|| ||C049YQ|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||**Major**||| |---|---|---|---|---|---| ||**General**||**School**||| ||**Income**|**Capital**|**Project**|**Total**|**Total**| ||**Fund**|**Fund**|**Fund**|**2022**|**2021**| ||**£**|**£**|**£**|**£**|**£**| |**Income from:**|||||| |**Investment income**|||||| |**Dividends on investments**|**26,613**|||**26,613**|**22,506**| |**Interest on bank deposit**|**4**|-|-|**4**|**12**| |**Other income**|**250**|**-**|-|**250**|**2,500**| |**Total income**|**26,867**|-|-|**26,867**|**25,018**| |**Charitable activities**|||||| |**Ground rent**|**600**|-|-|**600**|**600**| |**School amenities**|**41,004**|-|-|**41,004**|**36,019**| |**Remuneration of Clerk and Treasurer**|-|-|-|-|**3,150**| |**Audit fee**|**1,265**|-|-|**1,265**|**625**| |**Raising funds**|||||| |**Investment Managers’ fees**|**-**|**6,160**|**-**|**6,160**|**7,849**| |**Total expenditure**|**42,869**|**6,160**|-|**49,029**|**48,243**| |**Realised and unrealised**|||||| |**investment gains**|**-**|**93,537**|-|**93,537**|**157,652**| |**Net (expenditure)/income**|**(16,002)**|**87,377**|-|**71,375**|**134,427**| |**Transfer between funds**|**9,342**|**(9,342)**|-|-|-| |**Net movements in funds**|**(6,660)**|**78,035**|**-**|**71,375**|**134,427**| |**Total funds brought forward**|||||| |**at 1 April 2021**|**11,260**|**1,085,294**|**20,000**|**1,116,554**|**982,127**| |**Total funds carried forward**|||||| |**At 31 March 2022**|**£ 4,600**|**£ 1,163,329**|**£ 20,000 £ 1,187,929 £ 1 ,116,554**||| ## ## ## |||2022|2021| |---|---|---|---| |||£ £|£| |Fixed assets|||| |School buildings|2a|**27,332**|27,332| |Investments|2b|**1,135,997**|1,047,962| |Deposit fund|2b|**10,000 **|10,000| |||**£ 1,173,329 **£ 1,085,294|| |**Current assets**|||| |Debtors|**4**|**2,935**|2,792| |Cash at bank|5|**14,859**|30,983| |||**17,794**|33.775| |**Current liabilities**|||| |Creditors due within the year|6|**3,194**|2,515| |**Net current assets**||**14,600**|31,260| |Total net assets||**£ 1,187,929 **£ 1.116,554|| |**The Funds of the Charity**|||| |General Income Fund|7|**4,600**|11.260| |Capital Fund|8|**1,163,329**|1.085,294| |Major School Project Fund|9|**20,000**|20,000| |**Total Funds**|10|**£ 1,187,929** £ 1,116.554|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |**2**|**Fixed assets**|||| |---|---|---|---|---| ||||**2022**|**2021**| |**a)**|Used by the Charity|||| ||School buildings at historic cost||**£ 27,332**|**£ **27,332| ||||2022|**2021**| ||||**£**|£| |**b)**|Investments at market value||**1,113,757**|1,013,231| ||Cash with Rathbones Investment Management||**22,240**|34,731| ||COIF Charities Deposit Fund||**10,000**|10,000| |||**£ **|**1,145,997**|**£ **1,057,962| ||Historical cost of Investments||**£ 790,500**|**£ **780,203| ## |||**2022**||||**2021**|| |---|---|---|---|---|---|---|---| |**Income**||**Market**||**Income**||**Market**|| |**for year**|**Cost**|**value**||**for year**|**Cost**|**value**|| |**£**|**£**|**£**|**%**|**£**|**£**|**£**|%| |**UK Government Securities, Index**|||||||| |**Linked and Fixed Interest**|||||||| |**4,965**|**125,696**|**127,142**|**18.66**|4,769|156,936|159,274|21.19| |**Quoted Company Equity and other Securities**|||||||| |**14,880**|**368,684**|**579,071**|**55.91**|11,616|364,653|499,219|51.61| |**Investment Companies, Commodities and **|||**Funds**||||| |**6,768**|**296,120**|**407,544**|**25.43**|
6,121|258,614|354,738|27.20| |**Total £26,613**|**£790,500 **|**£ 1,113,757**|**100.00 **|**£ **22,506 £ 780,203 £ 1,013,231|||100.00| ## ## ||**2022**|**2021**| |---|---|---| ||£|£| |Market value at 1 April 2021|**1,013,231**|861,310| |Acquisitions|**76,936**|144,905| |Disposals|**(69,947)**|(150,636)| |Net gain on revaluation at 31 March|**93,537**|157,652| |Market value at 31 March 2022|**£ 1,113,757**|£ 1,013,231| |**Debtors**||| ||**2022**|**2021**| |Accrued income|**£ 2,935**|£ 2,792| |**Cash at Bank**||| ||**2022**|**2021**| ||£|£| |General fund:||| |Current account|**14,609**|30,733| |Deposit account|**250**|250| ||**£ 14,859**|£ 30,983| |**Creditors**||| ||**2022**|**2021**| |Accruals|**£3,194**|£2,515| ## ## |**General Income Fund**||| |---|---|---| ||**2022**|**2021**| ||£|£| |Balance as at 1 April 2021|**11,260**|31,692| |Net Incoming resources|**(16,002)**|(15,376)| |Transfer from capital fund|**9,342**|(5,056)| |Balance as at 31 March 2022|**£ 4,600**|£ 11,260| ## |**Capital Fund**||| |---|---|---| ||**2022**|**2021**| ||£|£| |Balance as at 1 April 2021|**1,085,294**|930,435| |Realised and unrealised gains|**93,537**|157,652| |Investment Managers fees|**(6,160)**|(7,849)| |Transfer to general income fund|**(9,342)**|5,056| |Balance as at 31 March 2022|**£ 1,163,329 £** 1,085,294|| ## |||**2022**|**2021**| |---|---|---|---| |||£|£| |Balance as at|1 April 2021|**20,000**|20,000| |Balance as at|31 March 2022|**£20,000**|£ 20,000| ## ## |||**Charities**||**Net**|| |---|---|---|---|---|---| ||**Freehold**|**Deposit**||**Current**|| ||**Property**|**Fund**|**Investments**|**Assets**|**Total**| ||£|£|£|£|£| |Income Fund|-|**10,000**|-|**(6,400)**|**4,600**| |Capital Fund|**27,332**|-|**1,135,997**|-|**1,163,329**| |Major School|-|-|-|**20,000**|**20,000**| |Project Fund|||||| |**Total**|**£ 27,332**|**£ 10,000**|**£ 1,135,997**|**£ 14,600**|**£ 1,187,929**| ## ## ## ## ||**2022**|**2021**| |---|---|---| |**Financial assets**||| |Financial assets measured at fair value through SOFA|£ **1,113,757 **|£ 1,013,231| |Financial assets measured at amortised cost|£ **2,935**|£ 2,792| ||**2022**|**2021**| |**Financial liabilities**||| |Financial liabilities measured at amortised cost|£ **2,054**|£ 1,890|