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|Governors, Officers and Advisers|1-2|
|---|---|
|Report ofCouncil|3-16|
|Independent<br>Auditor's Report|17-20|
|Consolidated<br>Statement ofFinancial Activities|21|
|Balance Sheets|22|
|Consolidated<br>Cash Plow Statement|23|
|Accounting<br>Policies|24-27|
|Notes to the Financial Statements|28-39|





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||Nominating|Body|Body|Finance &|Education|Investmeni|Nomtnations|&|
|---|---|---|---|---|---|---|---|---|
|||||General|Committee|Committee|Governance||
|||||Purposes||(Rotating|Committee||
|||||Committee||Chair)|||
|SWarshaw, BA, Chair|||1||||||
|EA Bingham, OBE,MPA, MABRP, DBA (resigned 11December 2021)|||1||||||
|RBondy, Vice Chair t (resigned 31December 2022)|||1||||||
|N RGullifer, MA|||1||||||
|Professor CTyerman,<br>MA, DPhil (Oxford), (resigned 23|January 2023)||1||||||
|SGrodzinski,<br>QC t<br>t't (resigned<br>24September 2021)|||1||||||
|ERiche, BSc,MBA IJ(resigned 15October 2021)|||1||||||
|DrSRana, PGCE, BA,MScPhD (resigned 31December|2021)||1||||||
|SSoskin|||1||||||
|RDatnow, BA,MA, Dip LP (resigned 10May 2022)|||1||||||
|SAdams, RIBA, FRSA t|||3/I||||||
|CRodrigues, CBE,MBA, MA t|||1||||||
|PWood, BA,MA, PhD|||1||||||
|EZiff, OBE,DLHon, DBA (appointed 29September 2021)|||1||||||
|ARao, B(Eng),MBA (appointed<br>22October 2021)|||1||||||
|Professor LWei (appointed 3February 2022)|||4||||||
|ARyker-Gallagher,<br>JD,MBA, g (appointed<br>17March 2022)|||1||||||
|RGogna, LLB(Hons),<br>Ij(appointed 28 March 2022)|||1||||||
|ABrem, MA, MSc,MBA, g (appointed 28March 2022)|||1||||||
|J Cohen, BSc,t g (appointed 30September 2022)|||1|Chair|||||



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||||2022|2021|2020|
|---|---|---|---|---|---|
|Fee assistance|||61,233,000|61,259,000|61,143,000|
|Trips/books/exam<br>fees assistance|||F23,000|E1,000|68,000|
|Number<br>ofbursary<br>awards of75%or more|||50|48|48|
|Number<br>ofbursary awards ofup to 75%|||21|30|7|
|Number<br>offull-time<br>equivalent|bursaries||56|60|54|
|Scholarship<br>awards<br>Number<br>ofscholarship<br>awards|||6336,000<br>56|8260,000<br>58|6226,000<br>47|
|Other fee discounts<br>Number<br>ofother fee discounts|||6218,000<br>18|6186,000<br>14|6183,000<br>15|
|Total number<br>of awards|||145|150|117|
|Total number offull-time<br>equivalent||awards|83|81|74|





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|for the year ended 31|Au|gust|2022|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted<br>Restricted||Total|Total|
||||Notes|Funds|Funds|Funds|Funds|
|||||||2022|2021|
|||||6000|6000|6000|f'.000|
|Income and endowments||||||||
|Donations and legacies||||1,315|341|1,656|995|
|Charitable activities:||||||||
|School fees<br>Other educational<br>income||||25,648<br>224|(145)|25,503<br>224|24,430<br>324|
|Other ancillary income||||2||2||
|Other income|||||||28|
|Other trading activities:||||||||
|UCS Facilities - turnover<br>UCSIS - turnover||||1,745<br>500||1,745<br>500|978|
|Other||||3|17|20|166|
|Investments<br>-gross income|||||96|123||
|Other Income - FECT|||||6,712|6,712||
|Total income||||29,464|7,021|36,485|26,963|
|Expenditure||||||||
|Raising funds:|||5|||||
|UCS Facilities<br>UCSIS||||850<br>236||850<br>236|682<br>167|
|Loan interest and bank charges<br>Costs ofgenerating<br>voluntary|||income|73<br>222||73<br>222|128<br>182|
|Financing costs arising from Advance Fee Scheme||||19||19|26|
|Charitable<br>activities<br>Investments<br>-management||fees||26,749|13<br>4|26,762<br>4|24,846<br>2|
|Total expenditure||||28,149|17|28,166|26,033|
|Net gains on investments|||||105|105|103|
|Net income||||1,315|7,109|8,424|1,033|
|Reconciliation offunds:||||||||
|Total funds brought<br>forward||||28,102|1,033|29,135|28,102|
|Total funds carried forward|||13|29,417|8,142|37,559|29,135|





## 

||||Notes|Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|||||f000|f000|6000|OOOO|
|Fixed assets||||||||
|Tangible Assets<br>Investments||||25,966<br>8,051|27,569<br>1,120|25,830<br>1,116|27,449<br>1,120|
|Total fixed assets||||34,017|28,689|26,946|28,569|
|Current assets||||||||
|Stocks||||272||81|39|
|Debtors<br>Bank term deposits||(more than 3months to maturity)|10|2,183<br>4,000|1,049|2,984<br>4,000|1,803|
|Cash at bank and in hand||||4,101|8,422|3,507|7,459|
|Total current assets||||10,556|9,582|10,572|9,301|
|Liabilities||||||||
|Creditors: Amounts||falling due within one year||(5,913)|(7,304)|(5,670)|(6,717)|
|Net current assets||||4,643|2,278|4,902|2,584|
|Creditors: Amounts|falling due after more than one year||12|(1,101)|('1,832)|(1,032)|(1,832)|
|Total net assets||||37,559|29,135|30,816|29,321|
|The funds ofthe Group/Charity||||||||
|Restricted income||funds|13|8,142|1,033|1,213|1,033|
|Unrestricted<br>funds<br>Fixed assets fund<br>Total unrestricted<br>funds|||13|5,468<br>23,949<br>29,417|4,112<br>23,990<br>28,102|5,654<br>23,949<br>29,603|4,29S<br>23,990<br>28,288|
|Total Group/Charity||funds||37,559|29,135|30,816|29,321|





## 

|for the year ended 31August 2022|||||||||
|---|---|---|---|---|---|---|---|---|
||||Total||Total|Total||Tota1|
|||Notes|Funds||Funds|Funds||Funds|
|||||2022|2022|2021||2021|
|||||6000|6000|OOOO||f800|
|Cash flows from operating activities:|||||||||
|Net cash provided by operating<br>activities|||||2,116|||5,377|
|Cash flows from investing activities:|||||||||
|Dividends<br>and interest||||||42|||
|Proceeds from the sale ofproperty, plant and equipment||||||28|||
|Purchase ofproperty, plant and equipment<br>Purchase ofinvestments<br>Net cash used in investing<br>activities|||(955)<br>(92)<br>~(924)||(7,637)<br>(37)<br>(924) ~(2,664)|||(7,604)|
|Cash flows from financing activities:|||||||||
|Repayments<br>ofborrowing||||(1,513)||(877)|||
|(Increase)/Decrease<br>inbank deposits (more than 3months<br>Net cash (used in)/provided<br>by financing<br>activities||to maturity)||(4,000)<br>(5g13)|7,000<br>(5,513) ~123|||723|
|Change in cash and cash equivalents<br>in the year|||||(4,321)|||3,896|
|Cash and cash equivalents<br>at the beginning|ofthe year||||8,422|||4,526|
|Cash and cash equivalents<br>at the end ofthe|year||||4,101|||8,422|
|Reconciliation<br>ofnet income tonet cash flow from operating||||activities|||||
|Net income for the year as per the Statement|ofFinancial Activities||||8,424|||7,033|
|Adjustments<br>for.|||||||||
|Depreciation<br>charges<br>Gains on investments<br>Dividends<br>and interest<br>Profit on the disposal offixed assets<br>(Increase)/Decrease<br>in stocks|||||2/58<br>(105)<br>(123)<br>(161)|||2,677<br>(103)<br>(42)<br>(28)<br>77|
|(increase)/Decrease<br>in debtors<br>Decxease in creditors<br>FECTinvestment<br>assets transfer|||||(1,134)<br>(631)<br>(6,712)|||7,967<br>(732)|
|Net cash provided by operating<br>activities|||||2,116|||5,377|
|Analysis ofcash and cash equivalents|||||||||
|Cash in hand|||||4,101|||8,422|
|Total cash and cash equivalents||15|||4,101|||8,422|
|Analysis ofnet debt|||||At1<br>September|Cash||At31<br>August|
||||||2021|Flows||2022|
|Cash<br>Bank deposits|||||6000<br>8,422|6000<br>(4,321)<br>4,000||6000<br>4,101<br>4,000|
|Loans falling due within one year<br>Loans falling due after more than one year|||||8,422<br>(877)<br>(701)|(321)<br>877<br>636||8,101<br>(65)|
||||||6,844|1,192||8,036|





## 

## 

|Abbreviations|
|---|
|The following abbreviations<br>are used in these financial statements:|
|The Group - University<br>College School and its subsidiary<br>undertakings,<br>UCSInternational<br>Services Limited and UCS Facilities<br>The School and the Charity -University<br>College School|
|UCSIS - UCS International<br>Services Limited|
|FECT - Frognal Educational<br>Charitable Trust|
|Charities SORP (FRS102)-Statement ofRecommended<br>Practice: Accounting<br>and Reporting by Charities preparing<br>their<br>accounts in accordance with the Financial Reporting Standard<br>applicable in the UK and Republic ofIreland (FRS102)<br>second edition effective 1January 2019|
|FRS102 - the Financial<br>Reporting Standard<br>applicable in the UK and Republic ofIreland|
|SoFA -Statement ofFinancial Activities|
|VAT - Value Added Tax|
|The members ofCouncil are also referred to in this report as the Trustees or the Governors.|
|Basis ofpreparation<br>and assessment<br>ofgoing concern|
|The financial statements<br>have been prepared<br>under the historical cost convention<br>with items recognised<br>at cost, transaction<br>value or, in the case offixed asset investments,<br>at fair value.|
|The presentation<br>currency is the British Pound and the level ofrounding<br>used in the report is to the nearest 'F000.|
|The financial statements<br>have been prepared<br>in accordance with the Charities SORP (FRS102),FRS102and the Charities<br>Act 2011and UK Generally Accepted Practice.|
|The Group represents<br>apublic benefit entity as defined by FRS102.|
|The Trustees consider that there are no material<br>uncertainties<br>about the Group's or School's ability tocontinue as agoing<br>concern.|
|Basis ofconsolidation|
|The consolidated<br>SoFA, the consolidated<br>balance sheet and the consolidated<br>statement ofcash flows include the|
|financial statements<br>of the Group made up to31August 2022.|
|UCS Facilities, a wholly owned subsidiary<br>ofUniversity<br>College School, cominenced<br>trading during 2006-07and its<br>financial results are included within Gzoup figuzes.|
|UCS International<br>Services, awholly owned subsidiary<br>ofUniversity<br>College School, commenced<br>trading during 2019-20<br>and its financial results are included<br>within Group figures.|
|FECT,aconnected charity, has been deemed tobe controlled by UCSfrom 30June and has therefore been consolidated<br>in the group accounts from that date. Post year-end FECTtransferred<br>its assets and liabilities toUCS on 20October 2022.|
|The group has taken advantage<br>ofthe exemption<br>available in section 7ofFRS102not to prepare<br>acharity only cash flow<br>statement.|
|Intra-group<br>transactions<br>are eliminated<br>fully on consolidation.<br>There are no differences in the accounting<br>policies ofthe<br>four entities that would result in material differences<br>to the financial zesults ofthe Group.|





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|Income recogiution|
|---|
|All income is recognised once the Group has entitlement<br>to the income, itis probable that the income will be received aztd|
|the amount ofincome receivable can be measured<br>reliably.|
|Grants related to the Coronavirus<br>Job Retention Scheme are treated as income in the periods to which each grant claim<br>relates and is treated as other trading activities income in the SoFA.|
|Income fmm donations<br>and legacies receivable|
|Donations and legacies receivable aze credited to the SoFAin the year in which they are recognised,<br>following<br>the principles<br>outlined<br>above under "Income recognition", and to restricted or unrestricted<br>funds dependent<br>on any speciflc donor wishes.|
|School fees and other educational<br>income|
|Fees receivable and the related income receivable for services and use ofpremises<br>are accounted for in the year in which the<br>service is provided. Fees receivable are stated after deducting<br>the costs ofbursaries,<br>scholarships<br>and other concessions granted.|
|Advance Fee Scheme|
|As explained<br>in note 12,parents may enter into acontract to pay amounts<br>to the School in advance of the relevant school|
|terms. Parents receive discounts for these advance payments,<br>which are effectively finance charges borne by the School.<br>These finance charges are accounted<br>for on a discounted<br>cash flow basis over the related advance fee period, and are<br>induded<br>as "Financing costs arising from Advance FeeScheme" on the face ofthe SoFA. Advance fee receipts are<br>recognised<br>as creditors upon receipt ofthe funds.|
|Refundable<br>deposits|
|Parents pay a deposit when they contract to send their child to the School. Most ofthat deposit is refunded<br>against the first<br>term's fees.The balance is retained until their child's last term to offset any incidental<br>costs incurred in that last term, rvith<br>any balance refunded<br>at the end oftheir last term. These deposits are disclosed in these financial statements<br>as amounts|
|due within one year.|
|Expenditure<br>recognition|
|Expenditure<br>is recognised assoon as there isa legal or constructive<br>obligation committing<br>the Group to that expenditure,<br>it is probable that settlement<br>will be required<br>and the amount ofthe obligation can be measured<br>reliably.|
|All expenditure<br>is accounted for on an accruals basis. All expenses are allocated to the applicable expenditure<br>headings<br>below:|
|The costs ofraising funds comprises<br>the costs ofour commercial<br>trading subsidiary,<br>the costs ofour international<br>trading<br>subsidiary,<br>interest payable arising on the loan from the Bank ofIreland, the employment<br>costs ofour development<br>department<br>and the interest arising under ouz advance payment offees scheme.|
|Charitable<br>activities comprises the costs ofteaching, welfare, premises,<br>and support departments.<br>More detail isprovided<br>in note 5.|
|Investment<br>management<br>fees relate to our flxed asset investments<br>which support our zestricted funds.|
|Irrecoverable<br>VAT is charged to the expenditure<br>heading for which itwas incurred,|





## 

## 

|Operating leases|
|---|
|Rental payments<br>are charged to the SoFAon a straight-line<br>basis over the lease term.|
|Pension schemes|
|The Group contributes<br>to the Teachers' Pension Scheme ('%PS")at a rate set by the Government<br>Actuary. The TPSisan<br>unfunded<br>scheme and contributions<br>are calculated so as to spread the cost ofpensions over employees'<br>working lives<br>in such away that the pension cost is a substantially<br>level percentage ofcurrent and future pensionable<br>payroll. The<br>contributions<br>are determined<br>by the Government<br>Actuary on the basis ofquadrennial<br>valuations<br>using aprojected unit<br>credit method. The TPSis an unfunded,<br>multi-employer<br>scheme with no underlying<br>assets to assign between employexs,<br>consequently<br>there is insufficient<br>information<br>available<br>to use defined benefit accounting,<br>and it is therefore treated as a<br>defined contribution<br>scheme for accounting<br>purposes and the contributions<br>recognised in the year towhich they relate.<br>Differences between contributions<br>payable in the year and contributions<br>actually paid are shown as either accruals or|
|prepayments.|
|The Group also operates aGroup Personal Pension Scheme for non-teaching<br>staff. This is a defined contribution<br>scheme and<br>all contributions<br>are charged to the SoFA in the year incurred. This scheme is administered<br>by Royal London.|
|Tangible fixed assets|
|The original land and buildings<br>ofUniversity<br>College School are not considered<br>to be material<br>to the financial statements<br>and are carried at nil value. Subsequent<br>purchases,<br>developments<br>and major improvements<br>have been capitalised<br>at their<br>historic cost.|
|The costs ofmaintenance<br>and refurbishment<br>are written off as incurred.|
|Depreciation<br>is calculated so as to write off the cost offixed assets, less estimated<br>residual values where applicable, ori a<br>straight-line<br>basis over the expected useful lives ofthe assets concerned. The principal<br>depreciation<br>policies are:|
|Freehold land - is not depreciated|
|Freehold buildings -10to 25years|
|Short leasehold land and buildings -25 years, orifshorter, the period ofthe lease<br>Plant and equipment<br>-3to 25years|
|The School has an equity interest in aresidential<br>property,<br>which was co-purchased<br>with a member ofstaff as part ofan<br>historic recruitment<br>and retention<br>policy which has now ended. The School's share ofthat property iscapitalised<br>athistoric<br>cost. The property cost isnot depreciated<br>but is subject to an annual impairment<br>review.|
|Immaterial<br>individual<br>purchases<br>ofequipment<br>and computers<br>(costing less than f,'1,000)are not capitalised, but instead<br>charged as expenditure<br>in the year in which the acquisitions<br>are made.|
|Investment<br>property|
|Freehold land and buildings<br>are held as an investment<br>and are included at market value. The trustees review the carrying<br>value annually.|
|Investments|
|Investments<br>in subsidiaries<br>are stated at cost.|



## 



## 

|Accounting policies (continued)||||
|---|---|---|---|
|The Group holds the following<br>financial assets and liabilities:||||
|Assets:||||
|Fixed Asset investments||||
|Short term debtors and accrued income||||
|Short term (&1year) treasury<br>deposits, all with Barclays Bank pic. Deposits with a maturity<br>after the balance sheet date are included as cash atbank and in hand in the balance sheet,||date ofless than 3months<br> and as cash and cash||
|equivalents<br>in the statement ofcash flows. Deposits with amaturity<br>date <br>date are induded<br>as bank term deposits in the balance sheet.|ofmore than 3months after the balance sheet|||
|Liabilities:||||
|Bank loans||||
|Short term creditors||||
|Financial assets are recognised when the Group becomes contractually<br>entitled to receive cash or other hnancial assets <br>a third party.|||from|
|Financial liabilities are recognised when the Group incurs alegal or constructive<br>obligation<br>asset to a third party.||to deliver cash or another|financial|
|Financial assets and liabilities, both short- and long-term,<br>are initially<br>measured<br>at transaction<br>price and are subsequently<br>measured<br>at amortised<br>cost, except for investments<br>which are measured<br>at fair value.||||
|Liquid Resources||||
|These are cash or investments<br>which can be withdrawn<br>within 3months.||||
|School Trust Funds||||
|These trust funds represent<br>funds donated to the School for specific purposes. Further details ofeach fund are disclosed<br>in note 13.||||
|Fund accounting||||
|Unrestricted<br>funds are available<br>to use to further any ofthe purposes of the Charity. Designated<br>funds are unrestricted<br>funds which the trustees have decided at their discretion toset aside for aspecific purpose.||||
|Restricted funds are tobe used in accordance with specific instructions<br>imposed by the donors. Further details ofeach fund<br>are disclosed in note 13.||||
|Corporation Tax||||
|The School is exempt from tax on income and gains falling within Section <br>Taxation ofChargeable<br>Gains Act 1992to the extent that these are applied|505ofthe Taxes <br>to its charitable|Act 19SSor Section 252of <br> objects.|the|
|Critical Accounting<br>Estimates and Judgements||||
|Accounting<br>estimates<br>and judgements<br>are continually<br>evaluated<br>and are <br>including<br>expectations<br>offuture events that are believed tobe reasonable|based on historical experience and other factors,<br>under the circumstances.|||





## 

|ot|es to the financial statem|ents<br>for the|year ended 31August|2022 (continued)||||
|---|---|---|---|---|---|---|---|
|2|Income and Endowments|and Charitable|Activities|2022|2022|2021|2021|
|||||Unrestricted|Restricted|Unrestricted|Restricted|
|||||6000|6000|6000|6000|
||Donations<br>and Legacy income|||1,315|341|886|109|
||School fee income comprised:|||||||
||Gross Fees<br>Less: Bursary costs<br>Scholarships<br>Staff fee remissions|||27.313<br>(1,111)<br>(336)<br>(218)|(145)|26,125<br>(1,119)<br>(260)<br>(174)|(142)|
|||||25,648|(145)|24,572|(142)|
|3|Charitable<br>activities - other unrestricted||income|||2022|2022|
||Other educational<br>income|comprised:||||6000|6000|
||Fee insurance<br>receipts<br>Registration<br>fees<br>Courses and other tuition<br>Other|||||17<br>174<br>19<br>14|15<br>192<br>10<br>107|
|||||||224|324|
||Other ancillary income comprised:|||||||
||Refectory receipts and other income|||||||
||Other income comprised:|||||||
||Profit on disposal offixed assets||||||28|
||Other trading acbvities comprised:|||||||
||UCS Facilities - Turnover<br>UCSIS - Turnover|||||1,745<br>500|978|
||Other - Coronavirus<br>Job <br>Other - UCSISDeferred|Retention Scheme Grant ("CJRS")»<br> Tax|||||133|
||Other - Rental income||||||32|
||Other - Commission|||||||
|||||||20|166|



## 

|vestments|- i|||||
|---|---|---|---|---|---|
||gross ncome|2022|2022|2021|2021|
|||Unrestricted|Restricted|Unrestricted|Restricted|
|||6000|6000|6000|6000|
|Bank interest receivable||27||||
|Dividends|||96||38|
|||27|96||38|



## 



## 

|Expenditure|||||||
|---|---|---|---|---|---|---|
||||Staff|Other|2022|2022|
||||costs|costs|||
|Raising funds (unrestricted<br>expenditure):|||6000|5000|6000|6000|
|UCS Facilities<br>UCSIS<br>Loan interest and bank charges<br>Costs ofgenerating<br>voluntary<br>income<br>Financing costs arising from Advance|FeeScheme||161|426<br>236<br>73<br>61<br>19|850<br>236<br>73<br>222<br>19|682<br>167<br>128<br>182<br>26|
|||Teaching Activities|||||
|||Ages 11-18|Ages 7-10|Ages 4-6|2022|2021|
|Charitable<br>activities:||6000|6000|6000|6000|5000|
|Teachers' payroll and pensions costs<br>Other teaching costs<br>Teaching support staff payroll and pensions costs<br>Teaching costs||10,594<br>1s438<br>728<br>12,760|2,091<br>265<br>196<br>2,552|1,093<br>95<br>76<br>1,264|13,778<br>1798<br>1,000<br>16,576|12,915<br>1360<br>1,002<br>15,277|
|Staff and pupil welfare -payroll costs<br>Staff and pupil welfare -non-payroll<br>Staff and pupil welfare costs|costs|1,390<br>699<br>691|247<br>134<br>113|25<br>25|1,662<br>835<br>829|1,356<br>671<br>685|
|Property running<br>costs - payroll costs<br>Property running<br>costs - non-payroll<br>costs<br>Property running<br>costs||705<br>2,014<br>2,719|189<br>255<br>444|74<br>169<br>243|968<br>2,438<br>3,406|911<br>2,319<br>3230|
|Administrative<br>support - payroll costs<br>Administrative<br>support - non-payroll<br>costs<br>Administrative<br>support costs||1,101<br>957<br>2,058|296<br>18<br>314|165<br>6<br>171|1,562<br>981<br>2,543|1,511<br>711<br>2,222|
|Grants, awards and prizes<br>Governance<br>costs<br>Depreciation||23<br>32<br>2@75|2<br>8<br>78||25<br>40<br>2,510|105<br>42<br>2,614|
|Total Charitable<br>Expenditure||21i357|3I645|1760|26i762|24 846|



|2022|2022|2021|2021|
|---|---|---|---|
|Unrestricted|Restricted|Unrestricted|Restricted|
|5000|f000|f',000|6000|
||13|15|90|





## 

## 

|Comporstives for 2021||Teaching Activities|Teaching Activities|||
|---|---|---|---|---|---|
|||Ages 11-18|Ages 7-10|Ages 4-6|2021|
|Charitable<br>activities:||FOOO|6000|f:000|KOOQ|
|Teachers' payroll and pensions costs<br>Other teaching costs<br>Teaching support staff payroll and pensions costs<br>Teaching costs||9,826<br>1,025<br>726<br>11,577|2,070<br>251<br>200<br>2,521|1,019<br>84<br>76<br>1,179|12,915<br>1,36Q<br>1,002<br>15,277|
|Staff and pupil welfare -payroll costs||562|109||671|
|Staff and pupil welfare -non-payroll<br>Staff and pupil welfare costs|costs|1,141<br>579|195<br>86|20<br>20|1,356<br>685|
|Property<br>running<br>costs - payroll costs||660|182|69|911|
|Property running<br>costs - non-payroll<br>Property running<br>costs|costs|1,959<br>2,619|215<br>397|145<br>214|2,319<br>3,230|
|Administrative<br>support - payroll costs<br>Administrative<br>support - non-payroll<br>costs||1,035<br>679|285<br>25|191<br>7|1,511<br>711|
|Administrative<br>support costs||1,714|310|198|2,222|
|Grants, awards and prizes||103|2||105|
|Governance<br>costs||33|9||42|
|Depreciation||2,450|95|69|2,614|
|Total Charitable<br>Expenditure||19,637|3,529|1,680|24,846|



|School, 251(2021-254) for the Junior Branch and 98(2021-96)for the Pre-P|<br>rep.|||
|---|---|---|---|
|Net income on the Statement ofFinancial Activities includes:||2022<br>8000|2021<br>6000|
|Audit fees - included in Governance<br>costs<br>Audit fees - for UCSFacilities, included<br>in costs ofraising funds<br>Audit fees - for UCSIS,included<br>in costs ofraising funds<br>Other fees to auditors<br>Lease payments<br>recognised as an expense -induded<br>in property running<br>Profit on disposal offixed assets|costs|39<br>5<br>5<br>7<br>80|35<br>5<br>7<br>80<br>(28)|





## 

## 

|Staff costs||||
|---|---|---|---|
|||2022|2021|
|The costs ofemploying<br>staff in the|year are analysed below:|6000|6000|
|Wages and salaries<br>Social security costs<br>Employer pension contributions||14,437<br>1,597<br>2,746|13,489<br>1,441<br>2,657|
|||18,780|17,587|
|The average number ofemployees<br>Teaching staff -<br>Senior School|in the year was:|2022<br>141.|2021<br>142|
|Junior Branch||29|30|
|Pre-Prep<br>Support staff<br>UCSFacilities||20<br>146<br>42|22<br>157<br>45|
|||378|396|



|660,001 - 670,000<br>670,001 - 680,000<br>680,001 - 690,000<br>690,001 - 6100,000<br>6100,001 -6110,000<br>6110,001 -6120,000<br>6170,001 -6180,000<br>6190,001 - f200,000|2022<br>44<br>17<br>2<br>4<br>1<br>2|2021<br>32<br>16<br>2<br>2<br>2<br>1<br>1|
|---|---|---|



## 



## 

## 



## 

## 

|Tangible fixed assets - Group||||||
|---|---|---|---|---|---|
||Freehold|Short<br>Co-owned||Plant and|Total|
||Property|Leasehold|Property|Equipment||
|||Property||||
||6000|6000|6000|6000|6000|
|Cost at 1September 2021<br>Additions|44,065<br>172||65|5,160<br>783|50,233<br>955|
|Cost at31August 2022|44,237|943||5,943|51,188|
|Depreciahon<br>at 1September 2021|18,809|697||3,158|22,664|
|Charge for year<br>Depreciation<br>at31August 2022|1,679<br>20,488|47<br>744||832<br>3,990|2,558<br>25,222|
|Net BookValue at31August 2022|23,749||65|1,953|25,966|
|Nel Book Vnlue at 1 September 2021|25,256|246|65|2,002|27,569|
|Tangible fixed assets - Charity||||||
||Freehold|Short|Co-owned|Plant and|Total|
||Property|Leasehold|Property|Equipment||
|||Property||||
||f000|6000|f000|6000|6000|
|Cost at1September 2021<br>Additions|44,065<br>172|370|65|4,762<br>718|49,262<br>890|
|Costat 31August 2022|44,237|370|65|5,480|50,152|
|Depreciation<br>at 1September 2021<br>Charge for year<br>Depreciation<br>at31August 2022|18,809<br>1,679<br>20,488|124<br>47<br>171||2,880<br>783<br>3,663|21,813<br>2,509<br>24,322|
|Net BookValue at31August 2022|23,749|199|65|1,817|25,830|
|Net Book Value nt 1 September 2021|25,256|246|65|1,882|27,449|



## 



## 

||||||Other|Total|
|---|---|---|---|---|---|---|
||||||investments||
||||||(at market||
||||||value)||
||||||F000|6000|
|Balance at 1September 2021<br>Additions<br>at cost|||||1,120<br>37|1,120<br>37|
|Net realised and unrealised<br>Balance at31August 2022|||gains in year||(41)<br>1,116|(41)<br>1,116|
|Realised and|unrealised<br>gains|||and losses are taken to the SoFA in the year in which they arise.|||
|Analysis ofOther Investments||||held at31August 2022 - Charity|||
|Investments|comprising||more than 5'/0 oftotal other investments:||2022|2021|
||||||6000|6000|
|||Schroder|Charity Multi Asset Fund||942|989|
|||Cash|||151|102|
|Other investments<br>by asset||||class:|2022|2021|
||||||6000|OOOO|
|||UKEquities|||88|96|
|||Overseas|Equities||557|611|
|||Bonds|||74|86|
|||Multi-asset||funds|16|17|
|||Other|||206|183|
|||Cash|||175|127|
||||||1,11.6|1,120|



## 

|||||2022|2021|
|---|---|---|---|---|---|
|||||6000|6000|
|Turnover||||500||
|Total income||||500||
|Administrative|expenses||Ik tax|(236)|(167)|
|Donation toUniversity<br>Net expenditure||College School||264<br>~266|(167)<br> ~(167)|
|Total assets||||291|546|
|Total liabilities<br>Net assets/(liabilities)||||(213)<br>~78|(732)<br>~(186)|



|ipal<br>activi|ty ofthe trus|t is to provide funds to support bursaries<br>at U|niversity<br>College School.||
|---|---|---|---|---|
||||2022|2021|
||||6000|EOOO|
|Total income|||307|934|
|Charitable|expenditure||(245)|(11)|
||||62|923|
|Donation toUniversity<br>Net expenditure||College School|(268)<br>~(2961|(724)<br>~(99|





## 

## 

|Frognal Educational<br>Charitable<br>Trust|(charity number|- 286466)||2022|2021|
|---|---|---|---|---|---|
|||||6000|6000|
|Total assets<br>Total liabilities<br>Net assets||||6,934<br>(269)<br>6,665|6,956<br>(85)<br>6,871|
|UCSFacilities (company registration|number - 05926954)|||||
|UCSFacilities organises and manages|the commercial|activity associated with University|College School.|||



|ummarised<br>below:|||||,<br>||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6000|f,'000|
|Turnover|||||1,745|978|
|Cost ofsales<br>Administrative<br>Pro6t||expenses|||(625)<br>(250)<br>870|(520)<br>029)<br>329|
|Distribution<br>to <br>Retained Profit||UCS|||(870)|(329)|
|Total assets|||||752|329|
|Total liabilities<br>Net assets|||||(752)|(329)|
|Debtors|||||||
||||Group|Group|Charity|Charity|
||||2022|2021|2022|2021|
||||6000|6000|6000|6000|
|School fees|||36|24|36|24|
|Loans tostaff|||200|216|200|216|
|Prepayments<br>and accrued income|||549|600|541|591|
|UCSIS|||||189|223|
|UCS Fadilities|||||548|673|
|FECT|||||186||
|Other debtors|||1,398|209|1,284|76|
||||2,183|1,049|2,984|1,803|
|Creditors: amounts||falling due within one year|||||
||||Group|Group|Charity|Charihj|
||||2022|2021|2022|2021|
||||%000|6000|OOOO|6000|
|Trade creditors<br>Bank ofIreland loan<br>Fees in advance (note 12)<br>Taxation and social security|||1i282<br>539<br>409|1,169<br>877<br>534<br>368|1,150<br>539<br>409|1,134<br>B77<br>534<br>368|
|Refundable<br>deposits<br>Accru ala|||1@51<br>334|1,471<br>729|1,351<br>292|1,471<br>211|
|Other creditors|||1,998|2,156|1,929|2,122|
||||5,913|7,304|5,670|6,717|



## 

## 



## 

## 

|||Group|Group|Charity|Charihj|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||6000|6000|6000|6000|
|Co-ownership<br>Bank ofIreland <br>Other creditors|loan<br> loan|69|65<br>636|65|65<br>636|
|Fees in advance||967|1/131|967|1,131|
|||1,101|1,832|1,032|1,832|



|nk loans in total are repayable<br>over periods as shown below.|||
|---|---|---|
||2022|2021|
|After 5years<br>Within 1to2years|6000<br>65|6000<br>65<br>636|
|Within 1year||701<br>877|
||65|1,578|



|ese advance payments<br>can be returned<br>in certain circumstances.<br><br>es will be applied as follows:|Assuming<br>pupils remain in the School, these advance||
|---|---|---|
||2022|2021|
|After 5years<br>Within 2to5years<br>Within 1to2years|6000<br>141<br>507<br>319|6000<br>276<br>548<br>307|
|Within 1year|967<br>539|1,131<br>534|
||1,506|1,665|



|Balance at 1September 2021<br>New contracts<br>Amounts<br>accrued to contracts|6000<br>1,665<br>380<br>19|
|---|---|
|Amounts<br>credited to termly fee invoices<br>Balance at31August 2022|2,064<br>(558)|





## 

## 

|restricted<br>funds-||||
|---|---|---|---|
|Group||Fixed||
||Accumulated|Assets|Total|
||Fund|Fund||
||6000|f000|EOOO|
|Balance at 1September 2021<br>Surplus for the year<br>Transfer to Fixed Assets Fund<br>Balance at31August 2022|4,112<br>1,315<br>41<br>5,468|23,990<br>(41)<br>23,949|28,102<br>1,315<br>29,417'|



|Balance at 1September 2021<br>Surplus for the year<br>Transfer to Fixed Assets Fund<br>Balance at31August 2022<br>4,112<br>1,315<br>41<br>5,468<br>23,990<br>(41)<br>23,949<br>28,102<br>1,315<br>29,417'|Balance at 1September 2021<br>Surplus for the year<br>Transfer to Fixed Assets Fund<br>Balance at31August 2022<br>4,112<br>1,315<br>41<br>5,468<br>23,990<br>(41)<br>23,949<br>28,102<br>1,315<br>29,417'|Balance at 1September 2021<br>Surplus for the year<br>Transfer to Fixed Assets Fund<br>Balance at31August 2022<br>4,112<br>1,315<br>41<br>5,468<br>23,990<br>(41)<br>23,949<br>28,102<br>1,315<br>29,417'|Balance at 1September 2021<br>Surplus for the year<br>Transfer to Fixed Assets Fund<br>Balance at31August 2022<br>4,112<br>1,315<br>41<br>5,468<br>23,990<br>(41)<br>23,949<br>28,102<br>1,315<br>29,417'|Balance at 1September 2021<br>Surplus for the year<br>Transfer to Fixed Assets Fund<br>Balance at31August 2022<br>4,112<br>1,315<br>41<br>5,468<br>23,990<br>(41)<br>23,949<br>28,102<br>1,315<br>29,417'|Balance at 1September 2021<br>Surplus for the year<br>Transfer to Fixed Assets Fund<br>Balance at31August 2022<br>4,112<br>1,315<br>41<br>5,468<br>23,990<br>(41)<br>23,949<br>28,102<br>1,315<br>29,417'|Balance at 1September 2021<br>Surplus for the year<br>Transfer to Fixed Assets Fund<br>Balance at31August 2022<br>4,112<br>1,315<br>41<br>5,468<br>23,990<br>(41)<br>23,949<br>28,102<br>1,315<br>29,417'|
|---|---|---|---|---|---|---|
|The balance on the Fixed Assets Fund of the Group at31August 2022 is represented<br>by the net book value oftangible<br>freehold, leasehold and co-ownership<br>fixed assets (f25,568,000,2021-f25,568,000),less the co-ownership<br>loan<br>(665,000,2021:865,000)and the remaining<br>balance on the Bank ofIreland loan (Nil, 2021-61,513,000)|||||||
|Unrestricted<br>funds - Charity|||||Fixed||
||||Accumulated||Assets|Total|
|||||Fund|Fund||
|||||6000|6000|6000|
|Balance at 1September 2021<br>Surplus for the year<br>Transfer toFixed Assets Fund<br>Balance at31August 2022||||4,298<br>1,315<br>41<br>5,654|23,990<br>(41)<br>23,949|28,288<br>1,315<br>29,603|
|Restricted funds -Group|||||||
|||Balance at|Income|Realised<br>Expenditure||Balance at|
|||1September||BIll||31August|
|||2021|unrealised|||2022|
|||||gains|||
|School Trust Funds||OOOO|f000|6000|f000|8000|
|Prize Fund<br>BursazyFund<br>Retired Masters' Fund<br>Project Kl<br>Project 200<br>Eldar Tuvey Economic Research <br>Total Group Trust Funds|Grant|513<br>313<br>170<br>25<br>12<br>1,035|20<br>7,280<br>7<br>2,309|(21)<br>(13)<br>(7)<br>(41)|(5)<br>(145)<br>(9)<br>507<br>7,435<br>161<br>25<br>2<br>12<br>(159)~5,242||
|Restricted funds - Charity|||||||
|||Balance at|Income|Realised|Expenditure|Balance at|
|||1September||and||31August|
|||2021||unrealised||2022|
|||||gauls|||
|School Trust Funds||6000|f000|6000|OOOO|OOOO|
|Prize Fund<br>Bursary Fund<br>Retired Masters' Fund<br>Project Kl<br>Project 200<br>Eldar Tuvey Economic Research <br>Total Charity Trust Funds|Grant<br>513<br>313<br>170<br>25<br>12<br>1,033||20<br>351<br>7<br>380|(21)<br>(13)<br>(7)<br>(41)|(5)<br>(145)<br>(9)<br>(159)|507<br>506<br>161<br>25<br>2<br>12<br>1,213|





## 

## 

||||||||Balance at|Cash flow|Balance at|
|---|---|---|---|---|---|---|---|---|---|
|||||||1|September||31August|
||||||||2021||2022|
||||||||f000|f000|6000|
|Cash|at|Bank|and|in|hand||8,422|(4,321)|4,101|
||||||||8,422|(4,321)|4,101|



|||Tangible|Investments|Net current|Long-term|2022|2021|
|---|---|---|---|---|---|---|---|
|||fixed|and|assets|liabilities|Total|Total|
|||assets|goodwill|||||
|Restricted Funds||f000|6000|f000|6000|f'.000|t:000|
|School Trust|Funds||8,051|91||8,142|1,033|
|Unrestricted|Funds|||||||
|Accumulated<br>Fixed Assets|Fund<br> Fund|1,952<br>24,014||4+52|(1,036)<br>(65)|5,468<br>23,949|4,112<br>23,990|
|||25,966|8,051|4,643|(1,101)|37,559|29,135|



|||Tangible|Investments|Net current|Long-term|2022|2021|
|---|---|---|---|---|---|---|---|
|||flxed|and|assets|liabilities|Total|Total|
|||assets|goodwill|||||
|Restricted Funds||f000|6000|f000|6000|f000|6000|
|School Trust|Funds||1,116|97||1,213|1,033|
|Unrestricted|Funds|||||||
|Accumulated<br>Fixed Assets|Fund<br> Fund|1,816<br>24,014||4,805|(967)<br>(65)|5,654<br>23,949|4,298<br>23,990|
|||25,830|1,116|4,902|(1,032)|30,816|29,321|





## 

## 

## 

## 

## 

##