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