##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|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|