2022-03-31-accounts

Supporttoschools	£'000	£'000	£'000
	Boys'	Girls'	Total
	School	School
Grantstoschools*	305	890	1,195
Premisescosts	62	-	62
Awards&prizes	21	18	39
Supportcosts	9	3	12
Othercosts	26	7	33
Total	423	918	1,341

		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds	Funds	Funds
	Notes				2022	2021
		£'000	£'000	£'000	£'000	£'000
INCOME
Donationsandlegacies	2
DulwichEstate		757	-		757	924
Legacy		-	665		665
Giftsinkind			-			1,281
Investmentincome	3
Rentalincome		5			5	5
Bankandotherinterest		-				3
Dividendincome		854	13		867	695
Totalincome		1,616	678		2,294	2,908
EXPENDITURE
Costofraisingfunds
Investmentmanagementfees	4	26	15	172	213	191
Charitableactivities
Supporttoschools	5,6	1,360	6	833	2,199	2,117
Totalexpenditure		1,386	21	1,005	2,412	2,308
Netincome(expenditure)
beforegainsoninvestments		230	657	(1,005)	(118)	600
Revaluationofinvestment
property	10	550		-	550
Netgainsoninvestments	11	37	20	1,037	1,094	5,266
Netincomeandnet
movementinfunds		817	677	32	1,526	5,866
Balancesbroughtforward
at1April2021asrestated		11,070	1,130	125,979	138,179	132,313
Balancescarriedforward
At31March2022		11,887	1,807	126,011	139,705	138,179

	Notes	Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds	Funds	Funds
					2022	2021
		£'000	£'000	£'000	£'000	£'000
FIXEDASSETS
Tangibleassets	10	1		97,229	97,230	91,888
Investments	11	3,584	1,509	37,295	42,388	44,794
TotalFixedAssets		3,585	1,509	134,524	139,618	136,682
CURRENTASSETS
Debtors	12	27	-		27	39
Cashatbankandinhand		8,363	298	(7,370)	1,291	2,375
TotalCurrentAssets		8,390	298	(7,370)	1,318	2,414
CURRENTLIABILITIES
Creditors	13	(88)		(1,143)	(1,231)	(917)
NETCURRENTASSETS		8,302	298	(8,513)	87	1,497
TOTALNETASSETS		11,887	1,807	126,011	139,705	138,179
THEFUNDSOFTHECHARITY:
PERMANENT
ENDOWMENTFUNDS	14		-	126,011	126,011	125,980
RESTRICTEDFUNDS	14		1,807		1,807	1,131
UNRESTRICTEDFUNDS	14
Generaloperationalfund		9,921			9,921	9,228
Designatedfund		1,966	-		1,966	1,840
TOTALFUNDS		11,887	1,807	126,011	139,705	138,179

YEARENDED31MARCH	2022
	Notes	2022	2021
		£'000	£'000
Cashflowsfromoperatingactivities:
Netcashusedinoperatingactivities	A	(243)	(858)
Cashflowsfrominvestingactivities:
Dividendsandinterestfrominvestments		872	704
Proceedsfromthedisposalofinvestments		6,383	32,416
Purchaseofinvestments		(24,344)	(15,267)
Purchaseoffixedassets		(5,763)	(1,932)
Netcash(usedin)generatedfrominvestingactivities		(22,852)	15,921
Changeincashandcashequivalentsintheyear		(23,095)	15,063
Cashandcashequivalentsat1April2021	B	26,565	11,502
Cashandcashequivalentsat31March2022	B	3,470	26,565

	2022	2021
	£'000	£'000
Netmovementinfunds(asperthestatementoffinancialactivities)	1,526	5,866
Adjustmentsfor:
Depreciationcharge	801	801
Gainsoninvestments	(1,644)	(5,266)
Giftsinkind	-	(1,281)
Dividendsandinterestfrominvestments	(872)	(698)
Decrease(increase)indebtors	12	(1)
Decreaseincreditors	(66)	(279)
Netcashusedinoperatingactivities	(243)	(858)

Analysisofcashandcashequivalents
	2022	2021
	£'000	£'000
Cashatbankandinhand	1,291	2,375
Cashheldbyinvestmentadvisors	2,179	24,190
Totalcashandcashequivalentsat31March2022	3,470	26,565

				Total	Total
	Unrestricted	Restricted	Endowment	funds	funds
	Funds	funds	funds	2022	2021
	£'000	£'000	£'000	£'000	£'000
Dulwichestate	757			757	924
Legacy		665		665
ContributionstoBoys'School
buildingprojectfromother
funders					1,281
2022Totalfunds:	757	665		1,422	2,205
				Total
	Unrestricted	Restricted	Endowment	funds
	funds	funds	funds	2021
	£'000	£'000	£'000	£'000
Dulwichestate	924			924
ContributionstoBoys'School
buildingprojectfromother
funders			1,281	1,281
2021Totalfunds:	924		1,281	2,205

INVESTMENTINCOME
				Total	Total
	Unrestricted	Restricted	Endowment	funds	funds
	Funds	Funds	funds	2022	2021
	£'000	£'000	£'000	£'000	£'000
Rentalincome	5			5	5
Bankandotherinterest					3
Dividendincome	854	13		867	695
2022Totalfunds	859	13		872	703
				Total
	Unrestricted	Restricted	Endowment	funds
	Funds	Funds	funds	2021
	£'000	£'000	£'000	£'000
Rentalincome	5			5
Bankandotherinterest	3			3
Dividendincome	678	17		695
2021Totalfunds	686	17		703

COSTOFRAISINGFUNDS
				Total	Total
	Unrestricted	Restricted	Endowment	funds	funds
	Funds	Funds	funds	2022	2021
	£'000	£'000	£'000	£'000	£'000
Investmentmanagementfees	20	15	172	207	191
Investmentpropertycosts	6			6	-
2022Totalfunds	26	15	172	213	191
				Total
	Unrestricted	Restricted	Endowment	funds
	Funds	Funds	funds	2021
	£'000	£'000	£'000	£'000
Investmentmanagementfees	27	3	161	191
2021Totalfunds	27	3	161	191

CHARITABLEACTIVITIES
				Total	Total
	Unrestricted	Restricted	Endowment	funds	funds
	funds	funds	funds	2022	2021
	£'000	£'000	£'000	£'000	£'000
Supporttoschools(note6)	1,302	6	33	1,341	1,228
Depreciationcharge(note10)			800	800	801
Governancecosts(note7)	58			58	88
2022Totalfunds	1,360	6	833	2,199	2,117
				Total
	Unrestricted	Restricted	Endowment	funds
	funds	funds	funds	2021
	£'000	£'000	£'000	£'000
Supporttoschools(note6)	1,222		6	1,228
Depreciationcharge(note10)	1	-	800	801
Governancecosts(note7)	88	-	-	88
2021Totalfunds	1,311		806	2,117

		2022			2021
	Boys'	Girls'	Total	Boys'	Girls'	Total
	School	School		School	School
	£'000	£'000	£'000	£'000	£'000	£'000
GrantstoSchools
Staffcosts	19	1	20	18	1	19
Directgrants	286	599	885	383	484	867
Girls'SchoolPFIpayment		290	290	-	290	290
Total	305	890	1,195	401	775	1,176
SchoolPremisesCosts
Othercosts	62		62	9		9
AwardsandPrizes
Bursaries	15	18	33
Bendyawards	6		6	6		6
Total	21	18	39	6		6
Supportcosts
Staffcosts	9	3	12	9	3	12
Othercosts
Printing,stationery,postage,telephone	11	3	14	5	2	7
Computersupport	8	2	10	7	2	9
Insurance	3	1	4	3	1	4
Website	4	1	5	4	1	5
Total	26	7	33	19	6	25
2022Totalfunds	423	918	1,341	444	784	1,228

GOVERNANCECOSTS
	2022	2021
	£'000	£'000
Auditor'sremunerationforaudit	17	10
Trusteeexpenses		1
Trusteeindemnityinsurance	2	3
Professionalfees	4	32
GovernanceReview		7
Staffcosts	35	35
2022Totalfunds	58	88

	2022	2021
	£'000	£'000
Salaries	67	67
Socialsecuritycosts	4	4
Pensioncosts	3	3
	74	74

TANGIBLEFIXEDASSETS
			Assets
	Office	Freehold	under	2022
	Equipment	Property	construction	Total
	£'000	£'000	£'000	£'000
Costorvaluation
Asat1April2021	5	73,497	23,764	97,266
Additions			6,143	6,143
Costorvaluation
Asat31March2022	5	73,497	29,907	103,409
Depreciation
Asat1April2021	4	5,375		5,379
Chargeforyear		800		800
Asat31March2022	4	6,175		6,179
Netbookvalue
Asat31March2022	1	67,322	29,907	97,230
Asat31March2021	1	68,123	23,764	91,888

	Endowment	Unrestricted	Restricted	2022	2021
	Funds	Funds	Funds	Total	Total
	£'000	£'000	£'000	£'000	£'000
ListedInvestments	35,136	3,033	1,490	39,659	20,604
DealingAccount	2,159	1	19	2,179	24,190
Investmentproperty		550		550
	37,295	3,584	1,509	42,388	44,794

	Endowment	Unrestricted	Restricted	2022
	Funds	Funds	Funds	Total
	£'000	£'000	£'000	£'000
Asat1April2021	17,372	2,538	694	20,604
Additions	23,035	531	778	24,344
Disposals	(6,308)	(73)	(2)	(6,383)
Realisedand
unrealisedlosses	1,037	37	20	1,094
Asat31March2022	35,136	3,033	1,490	39,659
COSTOFINVESTMENTS
31March2022	33,130	1,894	584	35,608
31March2021	20,085	3,176	487	23,748
SUMMARYOFINVESTMENT	PROPERTY
		2022
		£'000
Asat1April2021
Revaluation		550
Asat31March2022		550

DEBTORS
	2022	2021
	£'000	£'000
Prepayments	5	4
Accruedincome	22	35
	27	39

CREDITORS
	2022	2021
	£'000	£'000
Tradecreditors	64	64
Othercreditors		1
Accruals	1,167	852
	1,231	917

	At1April	Income	Resources	Gainson	Transfers	At31
	2021		expended	investments	between	March
					funds	2022
	£'000	£'000	£'000	£'000	£'000	£'000
Permanent
Endowments
DulwichEstate	9,156		(16)	79		9,219
NewmanTrust	2					2
MrsIreneBuckman	20					20
Boys'SchoolFund	12,443		(27)	(226)	(6,143)	6,047
Girls'SchoolFund	8,984		(34)	274		9,224
VeritasFund	6,000		(47)	721		6,674
Investmentproperty
Fund
CityRoad	7,450		(40)	152		7,562
CollegeTerrace	1,990		(8)	37		2,019
Bursaries&Prizes	994		(33)			961
Landandbuildings	78,940		(800)		6,143	84,283
Total	125,979		(1,005)	1,037		126,011
Restrictedfunds
Prizesandgrants	160	1	(6)	1		156
Bendy	963	12	(15)	12		972
NewmanTrust	3					3
MrsIreneBuckman	4					4
ReginaldGray
Portfolio		665		7	-	672
Total	1,130	678	(21)	20		1,807
Generaloperational
Fund	9,230	1,616	(1,096)	587	(416)	9,921
Designatedfunds	1,840		(290)		416	1,966
Total	11,070	1,616	(1,386)	587		11,887
Total	138,179	2,294	(2,412)	1,644		139,705

Analysisofincomeandexpenditureinth unrestrictedandendowmentfunds:	eyearended31Marc	h2021betw	eenrestricted,
	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	Funds
				2021
	£'000	£'000	£'000	£'000
INCOME
Donationsandlegacies
DulwichEstate	924			924
Giftsinkind	-		1,281	1,281
Investmentincome
Rentalincome	5			5
Bankandotherinterest	3			4
Dividendincome	678	17		695
Totalincome	1,610	17	1,281	2,908
EXPENDITURE
Costofraisingfunds
Investmentmanagementfees	27	3	161	191
Charitableactivities
Supporttoschools	1,311		808	2,117
Totalexpenditure	1,338	3	967	2,308
Netincomebeforegainsoninvestments	272	14	314	600
Netgainsoninvestments	62	120	5,084	5,266
Netincomeandnetmovementinfunds	334	134	5,398	5,866
Reconciliationoffunds
Balancesbroughtforwardat1April2020	10,734	997	120,582	132,313
Balancescarriedforwardat31March2021	11,068	1,131	125,890	138,179

Analysisofbalancesheetat31March funds:	2021betweenrestricted,	unrestricteda	ndendowment
	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	Funds
				2021
	£'000	£'000	£'000	£'000
FIXEDASSETS
Tangibleassets	1		91,887	91,888
Investments	2,543	709	41,542	44,794
TotalFixedAssets	2,544	709	133,429	136,682
CURRENTASSETS
Debtors	39	-	-	39
Cashatbankandinhand	8,631	422	(6,678)	2,375
TotalCurrentAssets	8,670	422	(6,678)	2,414
CURRENTLIABILITIES
Creditors	(146)	-	(771)	(917)
NETCURRENTASSETS	8,524	422	(7,449)	1,497
TOTALNETASSETS	11,068	1,131	125,980	138,179
THEFUNDSOFTHECHARITY:
PERMANENT
ENDOWMENTFUNDS			125,980	125,980
RESTRICTEDFUNDS		1,131		1,131
UNRESTRICTEDFUNDS
Generaloperationalfund	9,228			9,228
Designatedfund	1,840	-		1,840
TOTALFUNDS	11,068	1,131	125,980	138,179