| Support to schools | 6'000 | 6'000 | 6'000 |
|---|---|---|---|
| Boys' | Girls' | Total | |
| School | School | ||
| Grants to schools * | 367 | 937 | 1,304 |
| Premises costs | 20 | - | 20 |
| Awards &prizes | 24 | 27 | 51 |
| Support costs | 30 | 9 | 39 |
| Other costs | 21 | 4 | 25 |
| Total | 462 | 977 | 1,439 |
| Unrestricted | Unrestricted | Restricted | Endowment | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | ||||||
| Notes | 2023 | 2022 | ||||||||
| 6'000 | 6'000 | f'000 | 6'000 | f'000 | ||||||
| INCOME | ||||||||||
| Donations and legacies |
||||||||||
| Dulwich Estate | 535 | 535 | 757 | |||||||
| Legacy | 665 | |||||||||
| Donation | 300 | 300 | ||||||||
| Investment income |
||||||||||
| Rental income | 4 | 4 | 5 | |||||||
| Bank and other interest | 5 | 5 | ||||||||
| Dividend income |
873 | 25 | 898 | 867 | ||||||
| Other income | ||||||||||
| Surplus on disposal |
of Cowper | |||||||||
| Street corner site | 4,661 | 4,661 | ||||||||
| Total income | 1,417 | 325 | 4,661 | 6,403 | 2,294 | |||||
| EXPENDITURE | ||||||||||
| Cost ofraising funds | ||||||||||
| Investment management |
fees | 4 | 39 | 176 | 219 | 213 | ||||
| Charitable activities |
||||||||||
| Support to schools | 5, 6 | 1,477 | 3 | 833 | 2,313 | 2,199 | ||||
| Total expenditure | 1,516 | 7 | 1,009 | 2,532 | 2,412 | |||||
| Net income (expenditure) | ||||||||||
| before gains on investments | ( | 99) | 318 | 3,652 | 3,871 | (118) | ||||
| Revaluation of investment |
||||||||||
| property | 10 | 550 | ||||||||
| Net deficits/gains on |
||||||||||
| investments | ( 317) | ( 132) | ( 2,797) | ( 3,246) | 1,094 | |||||
| Net income and net | ||||||||||
| movement in funds |
before | |||||||||
| transfers | ( 416) | 186 | 855 | 625 | 1,526 | |||||
| Transfers between funds |
14 | ( 653) | 653 | |||||||
| Net movement in funds |
( | 416) | ( 467) | 1,508 | 625 | 1,526 | ||||
| Balances brought forward | ||||||||||
| at 1 April 2022 | 11,888 | 1,807 | 126,010 | 139,705 | 138,179 | |||||
| Balances carried forward | ||||||||||
| at 31 March 2023 | 11,472 | 1,340 | 127,518 | 140,330 | 139,705 |
| Notes | Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | |||
| 2023 | 2022 | ||||||
| 6'000 | 6'000 | 6'000 | 6'000 | L'000 | |||
| FIXEDASSETS | |||||||
| Tangible assets | 10 | 106,220 | 106,220 | 97,230 | |||
| Investments | 2,856 | 724 | 26,020 | 29,600 | 42388 | ||
| Total Fixed Assets | 2,856 | 724 | 132,240 | 135,820 | 139,618 | ||
| CURRENT ASSETS | |||||||
| Debtors | 12 | 571 | 571 | 27 | |||
| Cash at bank and in | hand | 10,311 | 616 | (4,722) | 6,205 | 1,291 | |
| Total Current Assets | 10,882 | 616 | (4,722) | 6,776 | 1,318 | ||
| CURRENT LIABILITIES | |||||||
| Creditors | 13 | (2,266) | (2,266) | (1,231) | |||
| NET CURRENT ASSETS | 8,616 | 616 | (4,722) | 4,510 | 87 | ||
| TOTAL NET ASSETS | 11,472 | 1,340 | 127,518 | 140,330 | 139,705 | ||
| THE FUNDS QF THE CHARITY: | |||||||
| PERMANENT | |||||||
| ENDOWMENT | FUNDS | 14 | 127,518 | 127,518 | 126,010 | ||
| RESTRICTED FUNDS | 14 | 1,340 | 1,340 | 1,807 | |||
| UNRESTRICTED FUNDS | 14 | ||||||
| General operational | fund | 9,986 | 9,986 | 9,922 | |||
| Designated fund |
1,486 | 1,486 | 1,966 | ||||
| TOTAL FUNDS | 11,472 | 1,340 | 127,518 | 140,330 | 139,705 |
| Notes | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| 6'000 | 5'000 | |||||
| Cash flows from operating | activities: | |||||
| Net cash | used in operating |
activities | (420) | (243) | ||
| Cash flows from investing | activities: | |||||
| Dividends | and interest from |
investments | 907 | 872 | ||
| Proceeds | from the disposal | ofinvestments | 13,063 | 8,383 | ||
| Purchase | of investments | (4,742) | (24,344) | |||
| Purchase | offixed assets | (6,161) | (5,753) | |||
| Net cash | generated by (used in) investing |
activities | 4,113 | (22,852) | ||
| Change | in cash and cash | equivalents | in the year | (3,693) | (23,095) | |
| Cash and cash equivalents | at 1 April 2022 | 3,470 | 28,585 | |||
| Cash and cash equivalents | at 31 March 2023 | 7,163 | 3,470 | |||
| NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR TO31MARCH 2023: |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| F'000 | 6'000 | |||||||
| Net movement in funds |
(as per the statement | offinancial activities) | 625 | h 526 | ||||
| Adjustments for: |
||||||||
| Surplus on disposal |
of | fixed assets | (4,661) | |||||
| Depreciation charge |
786 | 801 | ||||||
| Gains on investments | 3,246 | (1,644) | ||||||
| Dividends and interest |
from investments | (907) | (872) | |||||
| (increase) decrease | (increase) | in debtors | (544) | 12 | ||||
| Increase (decrease) | in | creditors | 1,035 | (66) | ||||
| Net cash used in operating activities |
(420) | (243) | ||||||
| B. Analysis ofcash | and | cash | equivalents | |||||
| 2023 | 2022 | |||||||
| 6'000 | 5'000 | |||||||
| Cash at bank and in |
hand | 6,205 | 1,291 | |||||
| Cash held by investment | advisors | 956 | 2,179 | |||||
| Total cash and cash | equivalents | at 31 March | 2023 | 7,163 | 3,470 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | funds | funds | |
| Funds | Funds | funds | 2023 | 2022 | |
| f'000 | f'000 | F'000 | f'000 | f'000 | |
| Dulwich estate | 535 | 535 | 757 | ||
| Legacy | 665 | ||||
| Donation | 300 | 300 | |||
| 2023 Total funds: | 535 | 300 | 835 | 1,422 | |
| Total | |||||
| Unrestricted | Restricted | Endowment | funds | ||
| funds | funds | funds | 2022 | ||
| f'000 | f'000 | f'000 | f'000 | ||
| Dulwich estate | 757 | 757 | |||
| Legacy | 665 | 665 | |||
| 2022 Total funds: | 757 | 665 | 1,422 | ||
| INVESTMENT INCOME | |||||
| Total | Total | ||||
| Unrestricted | Restricted | Endowment | funds | funds | |
| Funds | Funds | funds | 2023 | 2022 | |
| f'000 | f'000 | f'000 | f'000 | f'000 | |
| Rental income | 4 | 4 | |||
| Bank and other interest | 5 | 5 | |||
| Dividend income |
873 | 25 | 898 | 867 | |
| 2023 Total funds | 882 | 25 | 907 | 872 | |
| Unrestricted | Restricted | Endowment | Total | ||
| funds | |||||
| Funds | Funds | funds | 2022 | ||
| 6'000 | f'000 | f'000 | f'000 | ||
| Rental income | |||||
| Bank and other interest | |||||
| Dividendincome | 854 | 13 | 867 | ||
| 2022 Total funds | 659 | 13 | 672 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | funds | funds | |||
| Funds | Funds | funds | 2023 | 2022 | |||
| f'000 | f'000 | 6'000 | K'000 | 6'000 | |||
| Investment | management | fees | 31 | 176 | 211 | 207 | |
| investment | property costs | 8 | 8 | 6 | |||
| 2023 Total | funds | 39 | 176 | 219 | 213 | ||
| Total | |||||||
| Unrestricted | Restricted | Endowment | funds | ||||
| Funds | Funds | funds | 2022 | ||||
| 8'000 | 6'000 | 6'000 | 6'000 | ||||
| Investment | management | fees | 20 | 15 | 172 | 207 | |
| Investment | property costs | 6 | 6 | ||||
| 2022 Total | funds | 26 | 15 | 172 | 213 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | funds | funds | ||
| funds | funds | funds | 2023 | 2022 | ||
| K'000 | f'000 | 6'000 | K'000 | 6'000 | ||
| Support to schools (note 6) | 1,388 | 47 | 1,438 | 1,341 | ||
| Depreciation | charge (note 10) | 786 | 786 | 600 | ||
| Governance | costs (note 7) | 89 | 89 | 56 | ||
| 2023 Total | funds | 1,477 | 833 | 2,313 | 2,199 | |
| Total | ||||||
| Unrestricted | Restricted | Endowment | funds | |||
| funds | funds | funds | 2022 | |||
| 6'000 | 6'000 | 6'000 | 6'000 | |||
| Support to schools (note 6) | 1,302 | 33 | 1,341 | |||
| Depreciation | charge (note 10) | 600 | 800 | |||
| Governance | costs (note 7) | 58 | 58 | |||
| 2022 Total funds | 1,360 | 833 | 2,199 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Boys' | Girls' | Total | Boys' | Girls' | Total | |||
| School | School | School | School | |||||
| 6'000 | 6'000 | 6'000 | 2'000 | t"000 | t"000 | |||
| Grants to | Schools | |||||||
| Staff costs | 18 | 3 | 21 | 19 | 1 | 20 | ||
| Direct grants | 349 | 454 | 803 | 286 | 599 | 885 | ||
| Girls' School PFI payment | 480 | 480 | 290 | 290 | ||||
| Total | 367 | 937 | 1,304 | 305 | 890 | 1,195 | ||
| School Premises Costs | ||||||||
| Other costs | 20 | 20 | 62 | 62 | ||||
| Awards and Prizes |
||||||||
| Bursaries | 21 | 26 | 47 | 15 | 18 | 33 | ||
| Bendy awards | 3 | 3 | 6 | - | 6 | |||
| Total | 24 | 26 | 50 | 21 | 18 | 39 | ||
| Support costs | ||||||||
| Staff costs | 30 | 9 | 39 | 9 | 3 | 12 | ||
| Other costs | ||||||||
| Printing, stationery, |
postage, telephone | 1 | 6 | 11 | 3 | 14 | ||
| Computer | support | 2 | 9 | 8 | 2 | 10 | ||
| Insurance | 3 | 1 | 4 | |||||
| Website | 4 | 1 | 5 | |||||
| Legal and | professional | |||||||
| Transition | costs | |||||||
| Total | 21 | 4 | 25 | 25 | 7 | 33 | ||
| 2023 Total | funds | 462 | 976 | 1,438 | 423 | 918 | 1,341 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| 6'000 | t"000 | ||||
| Auditor's remuneration |
for audit | 18 | 17 | ||
| Trustee indemnity |
insurance | 4 | 2 | ||
| Professional | fees | 14 | 4 | ||
| Governance | Review | 2 | |||
| Staff costs | 51 | 35 | |||
| 2023 Total | funds | 89 | 58 |
| ANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Assets | ||||
| Office | Freehold | under | 2023 | |
| Equipment 6'000 |
Property 6&000 |
construction 6'000 |
Total f'000 |
|
| Cost or valuation | ||||
| As at 1 April 2022 | 5 | 73,497 | 29,907 | 103,409 |
| Additions | 11,276 | 11,276 | ||
| Disposals | (1,500) | (1,500) | ||
| As at 31 March 2023 | 5 | 71,997 | 41,183 | 113,185 |
| Depreciation | ||||
| As at 1 April 2022 | 4 | 6,175 | 6&179 | |
| Charge for year | 1 | 785 | 786 | |
| As at 31 March 2023 | 5 | 6,960 | 6,965 | |
| Net book value | ||||
| As at 31 March 2023 | 65,037 | 41,183 | 106,220 | |
| As at 31 March 2022 | 1 | 67,322 | 29,907 | 97,230 |
| Endowment | Unrestricted | Restricted | 2023 | 2022 | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | ||
| 6'000 | 6'000 | F'000 | F'000 | f'000 | ||
| Listed Investments | 25,070 | 2,300 | 722 | 28,092 | 39,659 | |
| Dealing Account | 950 | 958 | 2,179 | |||
| Investment | property | 550 | 550 | 550 | ||
| 26,020 | 2,856 | 724 | 29,600 | 42,388 |
| Endowment | Unrestricted | Restricted | 2023 | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | ||
| 6'000 | 6'000 | 6'000 | F'000 | ||
| As at 1 April 2022 | 35,842 | 2,616 | 1,201 | 39,659 | |
| Additions | 4,031 | 414 | 297 | 4,742 | |
| Disposals | (12,005) | (414) | (644) | (13,063) | |
| Realised and | |||||
| unrealised losses |
(2,798) | (316) | (132) | (3,246) | |
| As at 31 March 2023 | 25,070 | 2,300 | 722 | 28,092 | |
| COST OF INVESTMENTS | |||||
| 31 March 2023 | 24,410 | 1,950 | 592 | 26,952 | |
| 31March 2022 | 33,130 | 1,894 | 584 | 35,608 | |
| SUMMARY OF INVESTMENT | PROPERTY | ||||
| 2023 | |||||
| 6'000 | |||||
| As at 1 April 2022 | 550 | ||||
| As at 31 March 2023 | 550 | ||||
| 12. | DEBTORS | ||||
| 2023 | 2022 | ||||
| 6'000 | f'000 | ||||
| Prepayments | 545 | 5 | |||
| Accrued income | 26 | 22 | |||
| 571 | 27 |
| 2023 | 2022 | ||
|---|---|---|---|
| 6'000 | 5'000 | ||
| Trade | creditors | 123 | 64 |
| Other | creditors | ||
| Accru | ala | 2,143 | 1,167 |
| 2,266 | 1,231 |
| . ANALYSIS OF CHARI |
TABLE FUND | S | ||||
|---|---|---|---|---|---|---|
| At 1 April | Income | Resources | Gains on | Transfers | At 31 | |
| 2022 | expended | investments | between | March | ||
| funds | 2023 | |||||
| &000 | 6'000 | 6'000 | K'000 | F'000 | 6'000 | |
| Permanent | ||||||
| Endowments | ||||||
| Dulwich Estate | 9,219 | (14) | (335) | 8,870 | ||
| Newman Trust |
2 | 2 | ||||
| Mrs Irene Buckman | 20 | 20 | ||||
| Boys' School Fund | 6,047 | (11) | (144) | (5,892) | ||
| Girls' School Fund | 9,224 | (42) | (1,168) | - | 8,014 | |
| Capital Growth Fund |
6,674 | (72) | (201) | (450) | 5,951 | |
| Investment Property |
||||||
| Fund | ||||||
| City Road | 7,562 | (31) | (786) | (1,942) | 4,803 | |
| College Terrace | 2,019 | (7) | (163) | - | 1,849 | |
| Sale of Cowper Street | ||||||
| Corner site | 4,661 | (839) | 3,822 | |||
| Bursaries & Prizes |
961 | (48) | 913 | |||
| Land and buildings | 84,282 | (784) | 9,776 | 93,274 | ||
| Total endowments | 126,010 | 4,661 | (1,009) | (2,797) | 653 | 127,518 |
| Restricted funds | ||||||
| Prizes and grants Bendy Newman Trust |
156 972 3 |
2 23 |
(6) | (10) (102) |
148 887 3 |
|
| Mrs Irene Buckman | 4 | (2) | 2 | |||
| Reginald Gray Portfolio Roy Bard Foundation |
672 | 300 | (18) | (653) | 300 | |
| Total restricted | 1,807 | 325 | (7) | (132) | (653) | 1,340 |
| General operational Fund |
9,922 | 1,417 | (1,036) | (317) | 9,986 | |
| Designated funds |
1,966 | - | (480) | 1,486 | ||
| Total unrestricted | 11,888 | 1,417 | (1,516) | (317) | 11,472 | |
| Total funds | 139,705 | 6,403 | (2,532) | (3,246) | 140,330 |
| unrestricted and e |
ndo | wm | ent funds: |
||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||||
| Funds | Funds | Funds | Funds | ||||
| 2022 | |||||||
| 8'000 | 8'000 | 1"000 | E'000 | ||||
| INCOME | |||||||
| Donations and legacies | 665 | 665 | |||||
| Dulwich Estate | 757 | 757 | |||||
| Investmentincome | |||||||
| Rental income | 5 | 5 | |||||
| Bank and otherinterest | 3 | 4 | |||||
| Dividendincome | 854 | 13 | 867 | ||||
| Totalincome | 1,610 | 17 | 1,281 | 2,908 | |||
| EXPENDITURE | |||||||
| Cost ofraising funds | |||||||
| Investment management |
fees | 26 | 15 | 172 | 213 | ||
| Charitable activities |
|||||||
| Support to schools | 1,360 | 6 | 833 | 2,199 | |||
| Total expenditure | 1,386 | 21 | 1,005 | 2,412 | |||
| Net income before gains | on | ||||||
| investments | 230 | 657 | (1,005) | (118) | |||
| Revaluation ofProperty |
550 | 550 | |||||
| Net gains on investments | 37 | 20 | 1,037 | 1,094 | |||
| Net income and net movement | in funds | 817 | 677 | 32 | 1,526 | ||
| Reconciliation offunds |
|||||||
| Balances brought forward |
at | 1 Apriy | |||||
| 2021 | 11,070 | 1,130 | 125,979 | 138,179 | |||
| Balances carried forward | at | 31 | March 2022 | 11,887 | 1,807 | 126,011 | 139,705 |
| Analysis of balance sheet at 31 March funds: |
2022 between restricted, |
unrestricted | and endowment | |
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |
| Funds | Funds | Funds | Funds | |
| 2022 | ||||
| 8'000 | 8'000 | 8'000 | 6'000 | |
| FIXEDASSETS | ||||
| Tangible assets | 1 | 97,229 | 97,230 | |
| Investments | 3,584 | 1,509 | 37,295 | 42,388 |
| Total Fixed Assets | 3,585 | 1,509 | 134,524 | 139,618 |
| CURRENTASSETS | ||||
| Debtors | 27 | 27 | ||
| Cash at bank and in hand | 8,363 | 298 | (7,370) | 1,291 |
| Total Current Assets | 8,390 | 298 | (7,370) | 1,318 |
| CURRENT LIABILITIES | ||||
| Creditors | (88) | (1,143) | (1,231) | |
| NETCURRENTASSETS | 8,302 | 298 | (8,513) | 87 |
| TOTAL NETASSETS | 11,887 | 1,807 | 126,011 | 139,705 |
| THE FUNDS OF THE CHARITY: | ||||
| PERMANENT | ||||
| ENDOylfMENTFUNDS | 126,011 | 126,011 | ||
| RESTRICTED FUNDS | 1,807 | 1,807 | ||
| UNRESTRICTED FUNDS | ||||
| General operational fund |
9,921 | 9,921 | ||
| Designated fund |
1,966 | 1,966 | ||
| TOTAL FUNDS | 11,887 | 1,807 | 126,011 | 139,705 |