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||**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|
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|**Reference and Administrative **|**Details of the Foundation, its Trustees and Advisers**|**Details of the Foundation, its Trustees and Advisers**|
|---|---|---|
|**Clerk to the Foundation**|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|(Resigned November 2022)|
||R Burke||
||P Bainbridge||
||J Walter||
||S Tenison||
||C Jourdain||
||A Phuong||
||M G Mathieson|(Resigned November2022)|
||N Iqbal|(Appointed October 2022)|
||L Swanson|(Appointed February 2023)|
||S Adams|(Appointed May 2023)|
|**Registered Charity Number**|312694||
|**Bankers**|National Westminster Bank Pic||
||P O Box 3171||
||290 Walworth Road||
||London||
||SE17 3RQ||
||COIF Charities Deposit Fund||
||Senator House||
||85 Queen Victoria Street||
||London||
||EC4V4ET||
|**Investment Managers**|Rathbones Investment Management Ltd||
||159 New Bond Street||
||London||
||W1S2UD||
|**Independent Examiners**|Tim O'Connor ACA FCCA DChA||
||SB Audit LLP||
||Chartered Accountants||
||820 The Crescent||
||Colchester Business Park||
||Colchester||
||Essex||
||C04 9YQ||
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||||**Major**|||
|---|---|---|---|---|---|
||**General**||**School**|||
||**Income**|**Capital**|**Project**|**Total**|**Total**|
||**Fund**|**Fund**|**Fund**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|**£**|
|**Income from:**||||||
|**Investment income**||||||
|Dividends on investments|**27,950**|-|-|**27,950**|26,613|
|Interest on bank deposit|**177**|-|-|**177**|4|
|Other income|**200**|-|-|**200**|250|
|**Total income**|**28,327**|-|-|**28,327**|26,867|
|**Charitable activities**||||||
|Ground rent|**600**|-|-|**600**|600|
|School amenities|**35,800**|-|-|**35,800**|41,004|
|Audit fee|**1,230**|-|-|**1,230**|1,265|
|**Raising funds**||||||
|Investment Managers’ fees|**-**|**7,622**|-|**7,622**|6,160|
|**Total expenditure**|**37,630**|**7,622**|**-**|**45,252**|49,029|
|**Realised and unrealised**||||||
|**investment (losses)/gains**|**-**|**(58,890)**|-|**(58,890)**|93,537|
|**Net (expenditure)/income**|**(9,303)**|**(66,512)**|**-**|**(75,815)**|71,375|
|Transfer between funds|**19,305**|**695**|**(20,000)**|-|-|
|**Net movements in funds**|**10,002**|**(65,817)**|**(20,000)**|**(75,815)**|71,375|
|**Total funds brought forward**||||||
|**at 1 April 2022**|**4,600**|**1,163,329**|**20,000**|**1,187,929**|1,116,554|
|**Total funds carried forward**||||||
|**At 31 March 2023**|**£ 14,602**|**£ 1,097,512**|**£ - £ 1,112,114 £ **1,187,929|||
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||Notes|||
|---|---|---|---|
|||2023|2022|
|||£ £|£|
|Fixed assets||||
|School buildings
Investments
Deposit fund|2a
2b
2b|27,332
1,070,180
10,000|27,332
1,135,997
10,000|
|||£ 1,107,612 £ 1.173,329||
|Current assets||||
|Debtors
Cash at bank|4
5|2,610
6,154|2,935
14,859|
|||7,764|17,794|
|Current liabilities||||
|Creditors duewithin the year|6|3,162|3,194|
|Net current assets||4,602|14,600|
|Total net assets||E 1,112,114 £ 1,187,929||
|The Funds of the Charity||||
|General Income Fund
Capital Fund|7
8|14,602
1,097,612|4,600
1,163,329|
|Major School Project Fund|9|•|20,000|
|Total Funds|10|£1,112,114 £ 1,187,929||
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|**2**|**Fixed assets**|||
|---|---|---|---|
|||**2023**|**2022**|
|**a)**|Used by the Charity|||
||School buildings at historiccost|£ **27,332**|£ 27,332|
|||**2023**|**2022**|
|||£|£|
|**b) **|Investments at market value|**1,024,194**|1,113,757|
||Cash with Rathbones Investment Management|**45,986**|22,240|
||COIF Charities Deposit Fund|**10,000**|10,000|
|||**£ 1,080,180**£1,145,997||
||Historical cost of Investments|£ **799,953**|£ 790,500|
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|||**2023**||||**2022**||
|---|---|---|---|---|---|---|---|
|**Income**||**Market**||**Income**||**Market**||
|**for year**|**Cost**|**value**||**for year**|**Cost**|**value**||
|£|£|£|%|£|£|£|%|
|**UK Government Securities,**||**Index**||||||
|**Linked and Fixed Interest**||||||||
|**4,237**|**139,138**|**123,786**|**15.16**|4,965|125,696|127,142|18.66|
|**Quoted Company Equity and other Securities**||||||||
|**15,270**|**370,995**|**548,584**|**54.63**|14,880|368,684|579,071|55.91|
|**Investment Companies, Commodities and **|||**Funds**|||||
|**8,443**|**289,820**|**351,824**|**30.21**|6,768|296,120|407,544|25.43|
|**Total £ 27,950**|**£ 799,953**|**£ 1,024,194**|**100.00**|£26,613|£ 790,500 £ 1,113,757||100.00|
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|||**2023**|2022|
|---|---|---|---|
|||£|£|
||Market value at 1 April 2022|**1,113,757**|1,013,231|
||Acquisitions|**140,644**|76,936|
||Disposals|**(171,317)**|(69,947)|
||Net (loss)/gain on revaluation at 31 March|**(58,890)**|93,537|
||Market value at 31 March 2023|£ **1,024,194**|£ 1,113,757|
|**4**|**Debtors**|||
|||**2023**|2022|
||Accrued income|**£2,610**|£ 2,935|
|**5**|**Cash at Bank**|||
|||**2023**|2022|
|||**£**|£|
||General fund:|||
||Current account|**4,904**|14,609|
||Deposit account|**250**|250|
|||**£5,154**|£ 14,859|
|**6**|**Creditors**|||
|||**2023**|2022|
||Accruals|**£3,162**|£3,194|
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|**General Income Fund**|||
|---|---|---|
||**2023**|**2022**|
||£|£|
|Balance as at 1 April 2022|**4,600**|11,260|
|Net Incoming resources|**(9,303)**|(16,002)|
|Transfer (to)/from capital fund|**(695)**|9,342|
|Transferfrom major school project fund|**20,000**|-|
|Balance as at 31 March 2023|**£ 14,602**|£ 4,600|
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|**Capital Fund**|||
|---|---|---|
||**2023**|**2022**|
||£|£|
|Balance as at 1 April 2022|**1,163,329**|1,085,294|
|Realised and unrealised gains|**(58,890)**|93,537|
|Investment Managers fees|**(7,622)**|(6,160)|
|Transfer from/(to) general income fund|**695**|(9,342)|
|Balance as at 31 March 2023|**£ 1,097,512 **£ 1,163,329||
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|**Major School Project Fund**|||
|---|---|---|
||**2023**|**2022**|
||£|£|
|Balance as at 1 April 2022|**20,000**|20,000|
|Transfer to general income fund|**(20,000)**|-|
|Balance as at 31 March 2023|£ -|£ 20,000|
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|||**Charities**||**Net**||
|---|---|---|---|---|---|
||**Freehold**|**Deposit**||**Current**||
||**Property**|**Fund**|**Investments**|**Assets**|**Total**|
||**£**|£|£|£|£|
|Income Fund|-|**10,000**|-|**4,602**|**14,602**|
|Capital Fund|**27,332**|-|**1,070,180**|-|**1,097,512**|
|Major School|-|-|-|-|-|
|Project Fund||||||
|**Total**|**£ 27,332**|**£ 10,000**|**£ 1,070,180**|**£ 4,602**|**£ 1,112,114**|
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||**2023**|**2022**|
|---|---|---|
|**Financial assets**|||
|Financial assets measured at fair value through SOFA|£ **1,024,194 **|**£1,11**3,757|
|Financial assets measured at amortised cost|**£2,610**|£2,935|
||**2023**|**2022**|
|**Financial liabilities**|||
|Financial liabilities measured at amortised cost|£ **1,932**|£ 2,054|
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