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|Legal and administrative|details|||
|---|---|---|---|
|Trustees'<br>report||||
|Independent<br>auditors'|report||18|
|Consolidated<br>statement|offinancial|activities||
|Balance sheets|||22|
|Consolidated<br>cash flow statement|||23|
||||25|





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|*|AW Twistan-Davies<br>(Chairman) ¹(restgned 31||R P IVliners¹||||
|---|---|---|---|---|---|---|
|*<br>*<br>*|December 2021j<br>P M Alderman<br>IV)rs E Ashford<br>IVlrs J M Booth<br>Prof R J Carwardine<br>Mra SClaytan<br>(resigned 31 December 2021)<br>T Haden-Scott ¹.<br>M Kerrigan<br>(resigned<br>31August 2021)<br>Dr S Honeywill<br>(appninted1<br>Dctcber2021)<br>A IVlohirtdru<br>QC (appcinted<br>1 Dctcber 2021)|*<br>*<br>*|Mrs H Moriarty<br>Lard Moynihan ¹(appointed<br>10 December 2021)<br>Councillor<br>R G Roden<br>(resigned<br>5 May 2022)<br>Mrs R F Rose<br>Mrs L A Russen<br>N AJ Waters<br>Dr R A Weeks<br>I A de Weymarn<br>Mrs R Williams||||
||N G H Manna||||||





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|nrestricted<br>Fund|s||||
|---|---|---|---|---|
|Fund||Fund represents||Balance at<br>31 August|
|||||2021|
|||||6'000|
|Schools' Cyclical<br>Re air Fund||To provide for scheduled<br>major cyclical maintenance||371|
|Assisted Pisces|||||
|Reserve and<br>Monmouth<br>School for||To provide bursaries<br>and assisted places||666|
|Girls Bursar<br>Fund|||||
|Governors'<br>pension<br>reserve||To enable the Governois<br>to maintain<br>regular<br>funding<br>the closed non-teachin<br>staff<br>ension scheme.|for|34|
|Prospectus<br>and<br>recruitment<br>reserves||To provide for cyclical expenditure<br>on these items<br>Total Schools desi<br>nated funds||166<br>1 237|
|Schools' general|funds|To maintain<br>no reserve<br>in these funds, subject to<br>ade<br>uate cash flow for the schools'<br>normal o erations||(140)|
|Pension scheme|fund|This reflects the trustees'<br>best estimate<br>of the deficit on<br>the pension scheme at 31 August 2020. The deficit will be<br>paid off over a number ofyears, in accordance<br>with a<br>recovery<br>plan which has been agreed between<br>the||(150)|
|||Foundation<br>and scheme trustees<br>following<br>the completion|||
|||of the triennial<br>valuation<br>as at 31 March 2018(see note|||
|||12for further details<br>.<br>Total Schools funds||290|
|Foundation<br>income<br>fund||Net income<br>is distributed<br>to the Schools Governors<br>derring<br>the year and the fund balance<br>remaining<br>at the year end|||
|||re resents<br>re<br>aid ex enditure.|||
|Non-charitable<br>trading<br>funds||Net reserves<br>of trading<br>subsidiaries<br>at year end<br>Total unrestricted<br>funds||(6)<br>1,031|





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|Year ended 31 August|2|021||||||||
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Funda||Permanent||Total|Total|
|||||Foundation|Restricted|endowment||||
|||Note|Schools<br>K'000|Income<br>F'000|Funda<br>F'000||fund<br>9'000|2021<br>E'000|2020<br>f.'000|
|Income and endowments|from:|||||||||
|Donations<br>and legacies|||||498|||498|175|
|Charitable<br>activities:||||||||||
|School fees<br>Ancillary<br>trading<br>income||3|18,323<br>499|||||18,323<br>499|17,304<br>945|
|Other income - coronavirus<br>job retention<br>scheme|||351||||||942|
|Other trading<br>activities:.<br>Trading<br>income|||689|||||589|845|
|Investments:<br>Investment<br>1ncome||2|104|6|21|||131|125|
|FRS102pension scheme<br>interest<br>Other income||2|44<br>209|||||44<br>209|47<br>108|
||||20,119|6|519|||20,644|20,49'I|
|Expenditure<br>on:||||||||||
|Raising funds:<br>Loan interest<br>Fees in advance<br>discount<br>Trading costs of subsidiaries|||317<br>65<br>803|||||317<br>65<br>803|328<br>49<br>999|
|Charitable<br>activities:<br>Schools|||21,900|248|266||908|23,322|22,724|
|FRS 10?pension<br>scheme<br>interest cost|||50|||||50|57|
||||23,135|248|266||908|24,557|24,157|
|Net (expenditure)/income<br>before gains on investments|||(3,016)|(242)|253||(908)|(3,913)|(3,666)|
|Net gains on investments||7|235|8|74||18,779|19,096|2,216|
|Net (expenditure)/income|||(2,781)|(234)|327||17,871|15,183|(1,450)|
|Transfers<br>between<br>funds||5|1,814|200|(150)||(1,864)|||
|Other recognised<br>gains:||||||||||
|Actuarial<br>gains on defined<br>benefit schemes||12|198|||||198|85|
|Net movement<br>in funds|||(769)|(34)|177||16,007|'l5,381|(1,365)|
|Reconciliation<br>of Funds:<br>Total funds<br>brought<br>forward|||1,710|124|998||119,691|122,523|123,888|
|Total funds carried forward||5|941|90|1,175||135,698|137,904|122,523|





## 

## 

|As at 31August 202||1|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Group||Foundation||
|||||||Note|2021|2020|2021|2020|
||||||||8'000|6'000|6'000|F'000|
|Fixed assets:<br>Tangible assets<br>Investments||||||6<br>7|43,222<br>102,285|44,312<br>85, 146|43,214<br>102,285|44,312<br>85,146|
|Investment<br>in subsidiary|company|||||16|||90||
|Unsecured<br>loan to William Jones'|||||s||||||
|Almshouses<br>Charity|||||||||||
|Unsecured<br>loans 'lo connected<br>companies||||trading|||||62||
||||||||145,508|129,460|145,652|129,505|
|Current assets:<br>Stocks<br>Debtors<br>Investments:<br>cash on deposit<br>Cash at bank and<br>in hand|||||||187<br>1,050<br>4,788<br>3,808|232<br>1,049<br>10,603|26<br>1,151<br>4,788<br>3,623|30<br>1,190<br>10,500|
||||||||9,833|11,884|9,588|11720|
|Liabilities;|||||||||||
|Creditors: amounts<br>falling <br>within one year||due||||10|(5,730)|(5,172)|(5,623)|(5,052)|
|Net current assets|||||||4,103|6,712|3965|6668|
|Total assets less current|||liabilities||||149,611|136,172|149,617|136,173|
|Creditors: amounts<br>falling <br>than one year|||due||after more|11|(11,557)|(13,241)|(11,557)|(13,241)|
||||||||138,054|122,931|138,060|122,932|
|Defined benefit pension||scheme|||liability|12|(150)|(408)|(150)|(408)|
|Total net assets|||||||137,904|122,523|137,910|122,524|
|The Funds of the Charity:<br>Permanent<br>endowment<br>fund<br>Restricted<br>fun ds|||||||135,698<br>1,175|119,691<br>998|135,698<br>1,175|119,691<br>998|
|Unrestdicted<br>funds:<br>Designated<br>funds<br>General funds|||||||1,237<br>(50)|1,237<br>1,006|1,237<br>(50)|1,237<br>1,006|
|Non-charitable<br>trading<br>Pension scheme<br>fund||funds|||||(6)<br>(150)|(1)<br>(408)|(150)|(408)|
|Total Charity Funds||||||5|137,904|122,523|137,910|122,524|





## 

||||||2D21|2021|2020|202D|
|---|---|---|---|---|---|---|---|---|
||||||5'000|5'000|f.'000|F'000|
|Net cash used<br>in operating|activities|||||(2,897)||(1,958)|
|Cash flows from investing|activities:||||||||
|investment<br>income received|||||131||125||
|Purchase oftangible<br>fixed assets|||||(317)||(294)||
|Proceeds from sale of investments|||||834||||
|Purchase<br>of investments|||||(1,367)||(450)||
|Drawn<br>from Charities<br>Investment||Pool (Total Return)|||2,500||1,750||
|Net cash provided<br>by investing||activities||||1,781||1,131|
|Cash flows from financing|activities:||||||||
|Repayments<br>ofborrowing|||||(891)||(914)||
|Receipts of borrowing|||||||5,000||
|||||||(891)||4,086|
|Change<br>in cash and cash <br>reporting<br>period|equivalents||in the|||(2,007)||3,259|
|Cash and cash equivalents<br>reporting<br>period|at the|beginning||of the||10,603||7,344|
|Cash and cash equivalents<br>reporting<br>period|at the end ofthe|||||8,596||10,603|





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|ASH PROVDED BY/(USED|IN)|OPER|ATING<br>ACTIVITIES|||
|---|---|---|---|---|---|
|||||202'I|2020|
|||||6'000|6'000|
|Net movement<br>in funds (per|Statement||of Financial Activities)|15,381|(1,365)|
|Adjustments<br>for:<br>Gains on investments<br>Investment<br>income<br>Depreciation<br>Pension scheme adjustment<br>Decrease/(increase)<br>in stocks<br>(Decrease)/increase<br>in creditors<br>Decrease<br>in debtors||and provisions||(19,096)<br>(131)<br>1,407<br>(258)<br>45<br>(235)|(2,216)<br>(125)<br>1,437<br>(141)<br>(34)<br>179<br>306|
|(Increase)/decrease<br>in cash|held|for investment||(1D)|1|
|Net cash used<br>in operating|activities|||(2,897)|1,958|



## 

|SIS OF CASH AND CASH EQUIVALENTS|||
|---|---|---|
||2021|2020|
||L'000|8'000|
|Cash at bank<br>Investments|3,808<br>4,788|10,603|
|Total cas'h and cash equivalents|8,596|1D,603|



## 

|SIS|OF CHANGES<br>Ihi hlET FUNDS/NET<br>(DEBT|)|||
|---|---|---|---|---|
|||At 1||At 31|
|||September<br>2020|Cash<br>flows|August<br>2D2'I|
|||5'000|5'000|6'000|
|Cash<br>Cash <br>Loans <br>Loans|in hand<br> equivalents<br> falling due within ane year<br> falling due after more than one year|10,603<br>(890)<br>(9,530)|(6,795)<br>4,788<br>(738)<br>1,629|3,8DB<br>4,788<br>(1,628)<br>(7,901)|
|Tl||183|(1,116)|(933)|



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|||||||Permanent|||
|---|---|---|---|---|---|---|---|---|
|||||Unrestncted|Restricted|Endowment|Total|Total|
|||||Fund<br>8'DDD|Fund<br>F'DDD|Fund<br>6'000|2021<br>6'000|2020<br>8'000|
|interest from <br>Income from|bank <br> listed|deposits<br> investments||7<br>103|21||7<br>124|32<br>93|
|Distributions|from|Haberdashers'|||||||
|Char|ties Investment|||Pool||||||
|(Total Return)|||||||||
|||||110|||131|125|
|FRS102 pension||scheme interest||44|||44|47|
|||||154|21||175|172|



## 

|||||202'I|202D|
|---|---|---|---|---|---|
|||||F'000|8'000|
|Gross Fees||||21,459|20,D42|
|Less<br>Scholarships<br>Bursaries<br>Assisted places (a bursary scheme<br>Staff fee remission||replacing a former State-funded|scheme)|(469)<br>(1,686)<br>(48)<br>(934)|(414)<br>(1,391)<br>(83)<br>(850)|
|Commission||||||
|||||18,323|17,304|
|Numbers<br>of pupils benefiting|from:|||227|232|
|Scholarships||||304|311|
|Bursaries||||48|8|
|Assisted places||||||





## 

## 

|4.<br>TOTAL RESOURCE|S E|XPEN|DE|D|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Other||||
|||||||Staff|direct||Total|Total|
|||||||costs<br>E'000|casts<br>E'000|Depreciation<br>E'000|2021<br>E'ODO|2020<br>E'000|
|Raising funds:<br>Loan interest<br>Fees in advance discount<br>Trading costs of subsidiaries||||||57|317<br>65<br>737||317<br>65<br>803|338<br>49<br>999|
|||||||57|1,119|9|1 185|1 376|
|Charitable<br>expenditure:<br>Teaching costs<br>School welfare<br>School premises<br>costs<br>Supportcosts<br>Governance<br>costs||||||10,573<br>1,387<br>1 538<br>1,874<br>24|1,678<br>857<br>3080<br>818<br>95|462<br>28<br>908|12,713<br>2,272<br>5,526<br>2,692<br>119|13,034<br>2,101<br>4,822<br>2,663<br>104|
|FRS102pension scheme|interest costs||||||50||50|57|
|||||||15,396|6,578|1,398|23,372|22,781|
|Total resources expended||||||15,453|7,697|1,407|24,557|24,157|
||||||||||2021|2020|
||||||||||E'000|E'DOG|
|Charitable<br>expenditure<br>includes:<br>Remuneration<br>of Schools' auditors<br>for audit services<br>Remuneration<br>of Foundation's<br>auditors<br>for audit services<br>Payment<br>to the Habeidashers'<br>Company<br>for service charges|||||||||30<br>15|34<br>10<br>18|



|costs inclu<br>Icosts.|de<br>administratio|n<br>and gr|ounds<br>staff, establishment|costs, proessona<br>,||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E'000|E'000|
|Staff costs comprised:<br>Wages and salaries<br>Social security costs<br>Pension contributions||||12,152<br>1,152<br>2,039|12,278<br>1,154<br>2,064|
|Payment<br>of|Haberdashers'|Company|staff under|110|112|
|paymaster|arrangement|||||
|||||15,453|15,607|





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|No remune|ration<br>or reimburse|d<br>|expe|nses were pa|id to the Trustees or to|any ofthe Schools' Go|vernors.|
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||6'000|6'000|
|Aggregate|employee-benefits|of|key|management|personnel|916|1,066|



|e<br>number|s<br>of employees<br>in the year were:|||
|---|---|---|---|
|||2021|2020|
|||No.|No.|
|Teaching<br>staff<br>Other staff||265<br>289|278<br>286|
|||554|564|



|mbers<br>of higher<br>paid employees<br>earning<br>in excess|ofF60,000were:||
|---|---|---|
||2021|2020|
||No,|No.|
|F60,001 to F70,000<br>f70,001 to F80,000<br>6100,001 to 61I0,000<br>$110,001 to 6120,000<br>6240,001 to F250,000|5<br>3<br>2<br>1<br>1|5<br>2<br>2|
|6250,001 to F260,000||1|
|F270,001 to 6280,000|||





## 

## 

|5.|STATEMENT OF FUND MOV|EMENTS<br>AN|D TRANSF|ERS|ERS|||
|---|---|---|---|---|---|---|---|
|(a)|Fund movements|Balance<br>1||Other<br>recognised|||Balance<br>31|
|||September<br>2020<br>f'000|Income<br>f'DDD|Expenditure<br>f'000|gains/<br>(losses)<br>f'000|Net<br>Transfers<br>f'000|August<br>2021<br>f'000|
||Designated<br>funds:<br>Schools cyclical repairs<br>Assisted places reserve<br>Prospectus<br>reserve<br>Recruitment<br>reserve<br>Pensions<br>reserve|371<br>666<br>114<br>22<br>64||(630)<br>(55)||630<br>10<br>20<br>25|371<br>666<br>'!24<br>42<br>34|
|||'l,237||(685)||685|1,237|
||General funds—|||||||
||Foundation:<br>Schools<br>Foundation<br>Income Fund<br>Pension scheme<br>fund|882<br>124<br>(408)|19,486<br>6<br>44|(21,597)<br>(248)<br>(50)|235<br>8<br>198|854<br>200<br>66|(140)<br>90<br>(150)|
|||598|19,536|(21,895)|441|1,120|(200)|
||Total unrestricted<br>funds—<br>Foundation<br>Non-charitable<br>trading<br>funds|1,835<br>(1)|19,536<br>589|(22,580)<br>(803)|441|1,805<br>209|1,037<br>(6)|
||Tatal unrestricted<br>funds-<br>Graup|1,834|20 125|(23,383)|441|2,014|1,031|
||Restricted<br>funds<br>Schaols scholarship<br>funds|319|32|(27)||(50)|274<br>3|
||Pre-Prep 8. Nursery<br>grant<br>Pre-Prep<br>8, Nursery<br>bursary<br>Girls school other<br>Bays Pavikan<br>Fund<br>Boys VVeltness<br>fund<br>David Support<br>Fund<br>Extraordinary<br>repair fund<br>Stephensan<br>awards|3<br>33<br>627<br>16|7<br>10<br>320<br>100<br>30<br>20|(7)<br>(202)<br>(30)|74|(100)|43<br>118<br>721<br>'I6|
||Total restricted<br>funds|998|519|(266)|74|(150)|1,175|
||Permanent<br>endowment<br>fund|1'I9,691||(908)|18,779|(1,864)|135,698|
||Total Funds|122,523|2D,644|(24,557)|19,294||137,904|





## 

## 

|(b)|Transfers<br>between funds|Non-<br>charitable|Charitable|||Permanent|
|---|---|---|---|---|---|---|
|||trading<br>funda<br>E'000|unrestricted<br>funds<br>F'000|Designated<br>funda<br>K'000|Restricted<br>funds<br>8'000|endowment<br>fund<br>S'000|
||Transfer<br>from unapplied<br>Total Return||2,700|||(2,700)|
||Funding<br>from schools for<br>new buildings||(836)|||836|
||Additions<br>to cydicai<br>maintenance<br>reserves||(630)|630|||
||Recruitment<br>reserve||(20)|20|||
||Wellness reserve||100||(100)||
||Prospectus<br>reserve<br>Scholarship<br>awards||(10)<br>50|10|(50)||
||Provision<br>for assisted||||||
||places||(47)||||
||Assisted<br>places provision<br>used||47|(47)|||
||Addition<br>to governors'<br>general<br>resenre||(25)|25|||
||Bus company<br>supplement|237|(237)||||
||Trading<br>companies<br>payment<br>under gift aid|(28)|28||||
|||209|1,'I20|685|(150)|(1,864)|





## 

## 

|TANGIBLE FIXEDASS|ETS||||||
|---|---|---|---|---|---|---|
|Foundation<br>and<br>Group|Freehold<br>land and<br>buildings<br>f'000|Equipment<br>and<br>furnishings<br>f'000|Motor<br>vehicles<br>f'000|Charity<br>total<br>f.'000|Subsidiary<br>companies<br>equipment<br>f'000|Group<br>Total<br>f'000|
|Cost<br>1 September 2020<br>Additions<br>Disposals|57,122<br>195|4,916<br>122<br>(291)|299|62,337<br>317<br>(291)|128|62,465<br>317<br>(291)|
|31 August 2021|57,317|4,747|299|62,363|128|62,491|
|Depreciation<br>1 September 2020<br>Charge for year<br>Disposals|15,290<br>908|2,493<br>471<br>(291)|259<br>19|18,042<br>1,398<br>(291)|111<br>9|18,'I 53<br>1,407<br>(291)|
|3'I August 2021|16,198|2,673|278|19,149|120|19,269|
|Net book value<br>31 August 2021|41,119|2,074|21|43,214|8|43,222|
|31 August<br>2020|41,832|2,423|40|44,295|17|44,312|





## 

## 

|||||||||
|---|---|---|---|---|---|---|---|
|7.|INVESTMENTS|||||||
||Foundation<br>and Group|||||2021<br>F'000|2020<br>E'000|
|(a)<br>(b)<br>(c)|Listed investments<br>Haberdasheis'<br>Charities<br>Investment<br>cash|Investment||Pool (Total Return)||3,658<br>98,526<br>101|2,816<br>82,247<br>83|
|||||||102,285|85,146|
|(a)|Listed investments<br>Foundatfon<br>and Group||||Extraordmary<br>repair<br>fund|Governors<br>Investment<br>fund|Total|
||||||5'000|5'000|F'000|
||Market value at 1 September <br>Acquisitions<br>at cost<br>Disposals||2020||663<br>20|2,153<br>1,347<br>(834)<br>235|2,816<br>1,367<br>(834)<br>309|
||Net gain on revaluation|||||||
||Market value at 31 August||2021||757|2,901|3,658|



## 

|nvestm|ent<br>in Haberdashers'<br>Charities<br>Investment<br>Poo|l (Total eturn)||
|---|---|---|---|
|||2021|2020|
|Foundation<br>and Group||F'000|F'000|
|Market <br>Vlfithdrewa<br>Net gain|value at 1 September 2020<br>le<br> on revaluation|82,247<br>(2,500)<br>18,779|81,875<br>(1,750)<br>2,122|
|Miarket|value at 31 August 2021|98,526|82,247|





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## 

## 

|endowment<br>fund.<br>No ne|w endowme|nt<br>gi|fts have|been received|since the base|date.||
|---|---|---|---|---|---|---|---|
|||||Trust<br>for|Unapplied<br>Total|Total|Total|
|||||investment|Return|2021|2020|
|||||6'000|8'000|F'000|8'000|
|Trust for investment<br>at 1|September|2020||6,314|76,965|83,279|83,107|
|Investment<br>returns:<br>Realised<br>and unrealised<br>investment<br>Transfer to trust for application||gains|||18,779<br>(2,700)|18,779<br>(2,700)|2,122<br>(1,950)|
|Trust for investment<br>at|31August|2021||6,314|93,044|99,358|83,279|
|DEBTORS AND PREPAYIIIIENTS||||||||
|||||Group<br>2021<br>2020||Foundation<br>2021<br>2020||
|||||8'000|8'000|F'000|F'000|
|Prepayinents<br>Other debtors<br>School fees<br>Due from subsidiary<br>companies||||242<br>244<br>564|383<br>242<br>424|242<br>205<br>564<br>140|383<br>220<br>424<br>163|
|||||1,050|1,049|1,151|1,190|
|CREDITORS.' AMIOUNTS<br>FAI-LING DUE WITHIN ONE YEAR||||||||
|||||Group<br>2021<br>2020||Foundation<br>2021<br>2020||
|||||F'000|6'000|6'000|K'000|
|Bank)cans<br>School fees in advance<br>and confirmation<br>Taxation and social security<br>Other creditors<br>Accruals<br>and deferred<br>income|||deposits|1,628<br>2,678<br>276<br>873<br>275|890<br>2,572<br>370<br>911<br>429|1 628<br>2,678<br>276<br>766<br>275|890<br>2,572<br>370<br>79'I<br>429|
|||||5,730|5,172|5,623|5,052|





## 

## 

## 


## 

## 

## 



## 

## 



## 

## 

|Assumpti|ons||As at<br>31 August 2021|As at<br>31 August|2020|As at<br>31 August 2019|
|---|---|---|---|---|---|---|
|Oiscount|rate||1.5'/c|1.6'%%d||1.8'/a|
|Inflation|||3.74/o|3 40/||3.0'/o|
|Increases <br>(statutory|to deferred<br>revaluation)|pensions<br>before retirement|3 0D/|2.4'/o||2.0'/s|



## 

## 

|summarised<br>below:|,||||||||
|---|---|---|---|---|---|---|---|---|
|||||||As at|As at||
|Life expectancy<br>from|age 65years|||||31 August 2021|31 August|2020|
|Retiring<br>today|Ivlale<br>Female|||||22.3<br>24.3|22,2<br>242||
|Retiring<br>in 20 years|Male<br>Female|||||24,1<br>26.1|24,0<br>26.0||
||||||||2021|2020|
|The amounts<br>recognised<br>in the||statement|offinancial position||||f.'000|F'000|
|Present<br>value of|funded|obligations|(excluding||pravision|for additional|3,191|3,210|
|liabilities)<br>Fair value of plan|funds||||||(3,041)|(2,802)|
|Net defined<br>benefit|liability|ss recognised||in the|Balance|Sheet|150|408|
||||||||2021|2020|
|The amounts<br>recognised<br>in||the income statement|||||6'000|6'000|
|Net interest cast||||||||10|
|Total pension expense||||||||10|





## 

## 

|||||2021|2D20|
|---|---|---|---|---|---|
|The amounts<br>in the statement<br>ofother recognised||gains and losses||E'000|E'DDD|
|Actuarial<br>gain on plan assets<br>Actuarial<br>loss on defined<br>benefit obligation||||295<br>(97)|194<br>(109)|
|Total gain/(loss)<br>in statement<br>of other recognised|||gains and losses|198|85|
|||||2D21|2020|
|Changes<br>in the present value ofthe defined|benefit|obligation||E'000|E'000|
|Liabilities at the start ofthe period<br>Interest cost<br>Actuanal<br>gain<br>Benefits paid||||3,210<br>50<br>97<br>(166)|3,252<br>57<br>109<br>(208)|
|Liabilities<br>at the end ofthe period||||3,191|3,210|
|||||2021|2020|
|Changes<br>in the fair value of plan assets||||E'000|F'000|
|Fair value of plan assets at the start of the <br>Interest income<br>Actuarial<br>gain<br>Contributions<br>by the employer<br>Benefits paid|period|||2,802<br>44<br>295<br>66<br>(166)|2,703<br>47<br>194<br>66<br>(208)|
|Fair value of plan assets at the end ofthe period||||3,041|2,802|
|||||2021|2020|
|Analysis of return<br>on plan assets||||E'DDD|E'000|
|Interest income<br>Actuarial<br>gain on plan assets||||44<br>295|47<br>194|
|Return on plan assets||||339||





## 

## 

## 

## 

|lajor categor|ies|of plan|assets|as a percent|age<br>oftotal asset|s|||
|---|---|---|---|---|---|---|---|---|
||||||Proportion|Value of|Proportion|Value of|
||||||of portfolio|assets|of portfolio|assets|
||||||31 August<br>2021|31 August<br>2021|31 August<br>2020|31 August<br>2020|
|||||||CODD|0/|CODD|
|Equity<br>Annuities<br>Bonds<br>Alternative<br>Cash|||||59.0<br>21.8<br>10.4<br>3.5<br>5.4|1,794<br>662<br>316<br>105<br>164|51.7<br>25.2<br>15.5<br>3.3<br>4.3|1,448<br>706<br>435<br>92<br>121|
|Total market|value ofassets||||100,0|3,041|100.0|2,802|
||||||||2021|2020|
|Reconciliation||offunds|||||F'000|6'000|
|Total funds excluding<br>Pension<br>deficit|||pension|deficit|||'I38 054<br>(150)|122931<br>(408)|
|Tota! funds||including|pension|deficit|||137,904|122,523|



## 

## 

|ANALYSIS OF GROUP NET ASSETS B|ETWEEN FUND|S|||
|---|---|---|---|---|
||||Permanent||
||Unrestricted|Restricted|Endowment|Total|
||Funds|Funds|Funds|Funds|
||CODD|C000|CODD|CODD|
|Tangible<br>fixed assets<br>Fixed asset investments|2,103<br>3,000|769|41,119<br>98,526|43,222<br>102,285|
|Loan to William Jones's Almshouse|||||
|Charity<br>Net current assets<br>Creditors<br>due after more than one year<br>Defined<br>benefit pension scheme|3,484<br>(7,406)<br>(150)|416|1<br>203<br>(4,151)|1<br>4,103<br>(11,557)<br>(150)|
||1,031|1,175|135,698|137,904|





## 

## 

## 



## 

## 

|TRADING SUBSIDIA|RIES (continued)||||||
|---|---|---|---|---|---|---|
|A summary<br>oftrading|results and balance|sheets for the trading||subsidiaries|is shown<br>below:||
||IvISEL||HII/ISGEL||Bus Company||
||2021<br>6'000||2021<br>6'000|2020<br>F'000|2021<br>F'000|2020<br>6'000|
|Turnover<br>Cost of sales<br>Administmtion<br>expenses|258<br>(176)<br>(78)|457<br>(286)<br>(184)|121<br>(73)<br>(28)|156<br>(87)<br>(25)|211<br>(446)<br>(2)|231<br>(413)<br>(3)|
|Operating<br>profit/(loss)<br>Subsidy from schools||(13)|20||(237)<br>237|(185)<br>185|
|Interest receivable|||||||
|Transfer to the|||||||
|Foundation<br>(DoC)|||(28)|(44)|||
|Retained<br>profit/(loss)|||||||
|for the year||(13)|(8)||||
|Share capita! issued<br>Reserves<br>b/f|90<br>(10)||8|8|||
|Reserves c/f|84|(10)|||||
|Fixed assets<br>Current assets|8<br>379|16<br>186|4|147|||
|Creditors<br>falling due<br>within one year<br>Unsecured<br>loan|(303)|(212)|58<br>(62)|(77)<br>(62)|(2)|(4)|
|Net assets|84|(10)|||||





## 

## 

|||||Unrestricted|Funds||Permanent|Total|
|---|---|---|---|---|---|---|---|---|
||||||Foundation|Rsstdictsd|Endowinent||
|||||Schools|Income|Funds|fund|2020|
|||||6'OOO|F'000|6'000|r.'ooo|F'000|
|income and endowments||from:|||||||
|Donations||||||||175|
|Chantable<br>activities:|||||||||
|School fees||||17,304||||17,304|
|Ancilliary<br>trading|income|||945||||945|
|Other income —coronavirus|||job||||||
|retention<br>scheme||||942||||942|
|Other trading<br>actiwties:|||||||||
|Trading<br>income||||845||||845|
|Investments:|||||||||
|investment<br>income||||88|15|22||125|
|FRS102pension|scheme|interest||47||||47|
|Other income||||108||||108|
|||||20,279|15|197||20,491|
|Expenditure<br>on:|||||||||
|Raising funds:|||||||||
|Loan interest||||328||||328|
|Fees in advance|discount|||49||||49|
|Trading costs of subsidiaries||||999||||999|
|Charitable<br>expenditure:|||||||||
|Schools||||21,470|204|146|904|22,724|
|FRS 102 pension|scheme||interest||||||
|cost||||57||||57|
|||||22,903|204|146|904|24,157|
|Net (expenditure)/income|||before||||||
|gains on investments||||(2,624)|(197)|51|(904)|(3,666)|
|Net gains on investments||||65||29|2,122|2,216|
|Net (expenditure)/income||||(2,559)|(197)|80|1,218|(1,450)|
|Transfers<br>between funds||||864|200|(33)|(1,031)||
|Other recognised|gains:||||||||
|Actuarial<br>gains on defined||benefit|||||||
|schemes||||85||||85|
|Net movement<br>in|funds|||(1,610)||47|187|(1,365)|
|Reconciliation<br>of|Funds:||||||||
|Total funds brought|forward|||3,3,20|113|951|119,504|123,888|
|Total funds carried forward||||1,710|124|998|119,691|122,523|





## 

## 

|18.<br>IN|VES|TME|NT|INCOME FOR THE YE|AR ENDED 31 AUG|UST 2020|||
|---|---|---|---|---|---|---|---|---|
||||||||Permanent||
||||||Unrestricted|Restricted|Endowment|Total|
||||||Fund|Fund|Fund|2020|
||||||8'000|E'000|8'000|E'000|
|Interest|from|bank deposits|||31|1||32|
|Income|from|listed||investments|72|21||93|
|Distributions||from|Haberdashers'||||||
|Charities|Investment|||Pool (Total Return)|||||
||||||103|22||125|
|FRS102pension|||scheme interest||47|||47|
||||||150|22||172|



|||Other direct||Total|
|---|---|---|---|---|
||Staff costs|costs|Depreciation|2020|
||F'000|8'000|8'000|6'000|
|Raising funds:|||||
|Loan interest||328||328|
|Fees in advance discount||49||49|
|Trading casts of subsidiaries|105|894||999|
||105|1,271||1,376|
|Charitable<br>expenditure:|||||
|Teaching costs|'I0,999|1,553|482|13,034|
|School welfare|1,250|817|34|2,101|
|School premises costs|1,457|2,461|904|4,822|
|Support costs|1,776|886|1|2663|
|Governance<br>costs|20|84||104|
|FRS102pension scheme interest costs|||||
||'I5,502|5,860|1,421|22,781|
|Total resources expended|15,607|7,129|1,421|24,157|





## 

## 

## 

|(a)|Fund movements|||Balance|||Other||Balance|
|---|---|---|---|---|---|---|---|---|---|
|||||1|||recognised||31|
|||||September<br>2019|Income|Expenditure|gains/<br>(losses)|Net<br>Transfers|August<br>2020|
|||||6'000|F'000|6'000|6'000|6'000|6'000|
||Designated<br>funds:|||||||||
||Schools cyclical repairs|||252||(382)||500|371|
||Boys schoo! capital|projects||118||||(1'l9)||
||Girls school bursary|fund||61||||(61)||
||beavers deposits|||22||||(22)||
||Assisted<br>places reserve|||603||||61|666|
||Prospectus<br>reserve|||104||||10|114|
||Recruitment<br>reserve|||2||||20|22|
||Governors<br>reserve|||||||(1)||
||Pensions<br>reserve|||80||(41)||25|64|
|||||1,242||(423||413|1,237|
||General funds—|||||||||
||Foundation:|||||||||
||Schools|||2,816|19,382|(21,424)|65|243|882|
||Foundation<br>Income|Fund||113|15|(204)||200|124|
||Pension scheme fund|||(549)|47|(57)|85|66|(408)|
|||||2,180|19,444|(21,685)|150|609|598|
||Total unrestricted|funds—||||||||
||Foundation|||3,422|19,449|(22,108)|150|922|1,835|
||Non-charitable<br>trading||funds|11|845|(999)||142|(1)|
||Total unrestricted|funds—||||||||
||Group|||3,433|20,294|(23,107)|150|1,064|1,834|
||Restricted<br>funcfs|||||||||
||Sc:hools scholarship|fund||319|100|(79)||(49)|319|
||Pre-Prep<br>& Nursery|grant||8||(5)|||3|
||Pre-Prep<br>& Nursery<br>Girls school other|bursary|||7<br>17|(7)||16|33|
||Walker<br>Memorial<br>Fund||||1|(3)||||
||Covid Support<br>Fund<br>Extraordinary<br>repair|fund||577|62<br>20|(52)|29||626|
||Stephenson<br>awards|||16|||||16|
||Total restricted funds|||951|197|(146)|29|(33)|998|
||Permanent<br>endowment|||||||||
||fund|||119,504||(904)|2,122|(1,031)|119,691|
||Tote I Funds|||123,888|20,491|(24,157)|2,301||122,523|





## 

## 

|(b)|Transfers|between|funds|funds||Non-|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||charitable|Chantable|||Permanent|
|||||||trading|unrestricted|Designated|Restricted|endowment|
|||||||funds|funds|funds|funds|fund|
|||||||6'000|6'000|8'000|E'000|5'000|
||Transfer|from unapplied||Total|||||||
||Return||||||1,950|||(1,950)|
||Funding|from schools for|||new||||||
||buildings||||||(919)|||919|
||Additions|to cyclical|||||||||
||maintenance<br>reserves-||||||(500)|500|||
||Recruitment<br>reserve||||||(20)|20|||
||Laavers|deposits||||||(22)|22||
||Capital projects reserve||||||118|(118)|||
||Prospectus<br>reserve||||||(10)|10|||
||Scholarship<br>awards||||||55||(55)||
||Provision|for assisted places|||||(83)|83|||
||Assisted|places provision|||used||83|(83)|||
||Addition|to governors'||pension|||||||
||reserve||||||(23)|23|||
||Bus company<br>supplement|||||186|(186)||||
||Trading|companies|payment||||||||
||under<br>gift aid|||||(44)|||||
|||||||142|509|413|(33)|(1,031)|



## 

## 

||||||Trust|Unapplied||
|---|---|---|---|---|---|---|---|
||||||for|Total|Total|
||||||investment|Return|2020|
||||||f'000|5'000|F'000|
|Trust for investment||at 1|September|2018|6,314|76,793|83,107|
|Investment|returns:|||||||
|Investment|income|||||||
|Realised and unreaiised|||investment|gains||2,122|2,122|
|Transfer to|trust for application|||||(1,950)|(1,950)|
|Trust for investment||at|31August|2019|6,314|76,965|83,279|





## 

## 

||||||Permanent||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||Funds|Funds|Funds|Funds|
||||K'000|EOOO|E'000|E'000|
|Tangible|fixed assets||2,480||41,832|44,312|
|Fixed asset||investments|2,234|665|82,247|85,146|
|Loan to William Jones's Almshouse|||||||
|Charity|||||2|2|
|Net current||assets/(liabilities)|5,989|333|390|6,712|
|Creditors due after more than one year|||(8,461)||(4,780)|(13,241)|
|Defined|benefit pension scheme||(408)|||(408)|
||||1,834|998|119,691|122,523|