2022-03-31-accounts - Raine's School Foundation

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		Page
Report ofthe Trustees	1	to	2
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes tothe Financial Statements	6	to	11
Detailed Statement ofFinancial Activities		12

					2022	2021
			Unrestricted	Restricted	Total	Total
		Notes	fundf	fund E	funds E	funds E
INCOME AND ENDOWMENTS Donations and legacies	FROM					20
Investment income			254,792	465	255,257	74,150
Total			254,792	465	255,257	74,170
EXPENDITURE ON Raising funds			142,454	59	142,513	41,047
Charitable activities Bursaries awarded			27,550		27,550	32,350
Other charitable donations
			10,100		10,100
Other			102,013		102,013	154,397
Total			282,117	59	282,176	227,794
Net gains on investments			23,521		23,523	122,136
NET INCOME/(EXPENDITURE)			(3,804)	408	(3,396)	(31,488)
RECONCILIATION OF FUNDS Total funds brought forward			1,109,529	23,865	1,133,394	1,164,882
TOTAL FUNDS CARRIED FORWARD			1,105,725	24,273	1,129,998	1,133,394

Raine's School	Raine's School	Foundation
Balance		Sheet
31	March	2022
				2022	2021
	Unrestricted		Restricted	Total	Total
		fund	fund	funds	funds
Notes		E	E	f
FIXEDASSETS
Investments
Investments	521,904		13,792	535,696	609,511
Investment property	489,672			489,672	489,672
	1,011,576		13,792	1,025,368	1,099,183
CURRENT ASSETS
Debtors 10		10,471		10,471	4,535
Cash at bank		89,671	10,481	100,152	33,592
	100,142		10,481	110,623	38,127
CREDITORS
Amounts falling due within one year		(5,993)		(5,993)	(3,916)
NET CURRENT ASSETS		94,149	10,481	104,630	34,211
TOTAL ASSETSLESSCURRENT LIABILITIES	1,105,725		24,273	1,129,998	1,133,394
NET ASSETS	1,105,725		24,273	1,129,998	1,133,394
FUNDS 12
Unrestricted funds				1,105,725	1,109,529
Restricted funds				24,273	23,865
TOTAL FUNDS				1,129,998	1,133,394

COMPARATIVES F	OR THE STA	TEMENT OF FINAN	CIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
			f	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			20		20
Investment income			73,711	439	74,150
Total			73,731	439	74,170
EXPENDITURE ON
Raising funds			40,998	49	41,047
Charitable activities
Bursaries awarded			32,350		32,350
Other			154,397		154,397
Total			227,745	49	227,794
Net gains on investments			120,391	1,745	122,136
NET INCOME/(EXPENDITURE)			(33,623)	2,135	(31,488)
RECONCILIATION	OF FUNDS
Total funds brought	forward		1,143,152	21,730	1,164,882

	for the Year Ended 31 M	for the Year Ended 31 M	for the Year Ended 31 M	for the Year Ended 31 M	arch 2022
	COMPARATIVES FOR THE STATEMENT OF FINANCIAL				ACTIVITIES -continued
					Unrestricted	Restricted	Total
					fund	fund	funds
					E	E	E
	TOTAL FUNDS CARRIED		FORWARD		1,109,529	23,865	1,133,394
6.	INDEPENDENT EXAMINERS FEE
						2021	2020
							E
	Independent	Examiners fee				2,832	2,400
7.	INTANGIBLE FIXEDASSETS
							Coat of
							arms
							f
	COST
	At 1 April 2021 and 31 March 2022						8,225
	AMORTISATION
	At 1 April 2021 and 31 March 2022						8,225
	NET BOOK	VALUE
	At 31March	2022
	At 31 March	2021
8.	FIXEDASSETINVESTMENTS
							Listed
							investments
							f
	MARKET VALUE
	At 1 April 2021 Additions						609,511 15,206
	Disposals Revaluations						(112,544) 23,523
	At 31 March	2022					535,696
	NET BOOK	VALUE
	At 31 March	2022					535,696
	At 31 March	2021					609,511
	There were	no investment	assets outside the UK.
	Cost or valuation at 31 March 2022 is represented			by:
							Listed
							investments
							f
	Valuation in	2022					535,696

										2022	2021
										E
Other debtors										10,471	4,535
CREDITORS:	AMOUNTS			FALLING DUE		WITHIN	ONE YEAR
										2022	2021
										E	f
Taxation and social security										1,277	620
Other creditors										4,716	3,296
										5,993	3,916
MOVEMENT IN		FUNDS
										Net
										movement	At
								At 1.4.21		in funds	31.3.22
								E		E	E
Unrestricted	funds
General fund								1,109,529		(3,804)	1,105,725
Restricted funds
Millie Gluckstein	Fund							23,865		408	24,273
TOTAL FUNDS								1,133,394		(3,396)	1,129,998
Net movement	in	funds,	included		in the above are as follows:
						Incoming		Resources		Gains and	Movement
						resources E		expended f		losses E	in funds E
Unrestricted	funds
General fund							254,792	(282,117)		23,521	(3,804)
Restricted funds
Millie Gluckstein	Fund						465		(59)		408
TOTAL FUNDS							255,257	(282,176)		23,523	(3,396)

Comparative n	et movement in funds,	included in the above are a	s follows:
		Incoming	Resources	Gains and	Movement
		resources E	expended E	losses E	in funds f
Unrestricted	funds
General fund		73,731	(227,745)	120,391	(33,623)
Restricted funds
Millie Gluckstein	Fund	439	(49)	1,745	2,135
TOTAL FUNDS		74,170	(227,794)	122,136	(31,488)

A current year	12 months and prior year 12	months combined position is as follow	s:
			Net
			movement	At
		At 14.20	in funds	31.3.22
		E	E	E
Unrestricted	funds
General fund		1,143,152	(37,427)	1,105,725
Restricted funds
Millie Gluckstein	Fund	21,730	2,543	24,273
TOTAL FUNDS		1,164,882	(34,884)	1,129,998

A current year as follows:	12 months and prior	year 12 months combined n	et movement in f	unds, included i	n the above
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E		E	E
Unrestricted	funds
General fund		328,523	(509,862)	143,912	(37,427)
Restricted funds
Millie Gluckstein	Fund		(108)	1,747	2,543
TOTAL FUNDS		329,427	(509,970)	145,659	(34,884)

	for the Year Ended 3	1 March 2022
		2022	2021
			E
INCOME AND ENDOWMENTS
Donations and legacies Donations			20
Investment income Rents received Fixed asset investment income Deposit account interest		235,753 19,504	52,858 21,291 1
		255,257	74,150
Total incoming resources		255,257	74,170
EXPENDITURE
Investment management Portfolio management Property rental expenses	costs	2,459 140,054	2,417 38,630
		142,513	41,047
Charitable activities
Grants to institutions Grants to individuals		10,100 27,550	32,350
		37,650	32,350
Other
Wages Social security Pensions		51,156 127 1,882	19,431 1,030
Stationery, printing 5adverts Sundry expenses Independent examiners fee Legal 5professional fees ITexpenses		960 495 4,154 36,451 6,788	1,060 1,368 2,832 119,283 9,393
		102,013	154,397
Total resources expended		282,176	227,794
Net expenditure		(26,919)	(153,624)