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||Contents||
|---|---|---|
|Report ofthe Governors||1-12|
|Report ofthe Independent|Auditors|13-15|
|Statement of Financial Activities||16-17|
|Balance Sheet||18-19|
|Statement ofCash Flows||20|
|Notes to the Consolidated|Financial Statements|21-55|





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## 



|These can be summarised<br>as below:|||
|---|---|---|
||Value|Number ofAwards|
|Academic scholarships|f386,082|105|
|Bursa ries|f392,171|66|
|Remissions|f536,970|115|





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|Group Results:|Group Results:||||||
|---|---|---|---|---|---|---|
|||2020|2019|2018|2017|2016|
|||f'000|f'000|f'000|f'000|f'000|
|Income||7,593|8,419|8,013|7,827|7,425|
|Expenditure|(excluding depreciation)|6,228|7,014|6,507|6,568|6,536|





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||||CHRIST COLLEGE|BRECON|BRECON|BRECON|
|---|---|---|---|---|---|---|
||||REPORT OF THE GOVERNORS||||
|||FOR|THE YEAR ENDED 31AUGUST 2020||||
|Bankers|||Lloyds Bank pic||||
||||Black Horse House||||
||||Phoenix Way||||
||||Swansea<br>Enterprise||Park||
||||Swansea||||
||||SA7 9EQ||||
|Solicitors|||Red Kite incorporating|||Charles Crookes &Co|
||||8A High Street||||
||||Brecon||||
||||Powys||||
||||LD3 7AL||||
|Insurance|brokers||Creative<br>Risk Solutions|||Ltd|
||||Pod 1||||
||||Capital Shopping|Park|||
||||Leckwith<br>Road||||
||||Cardiff||||
||||CF11BEG||||
|Auditors|||Azets Audit Services||||
||||Ty Derw||||
||||Lime Tree Court||||
||||Cardiff Gate Business|||Park|
||||Cardiff||||
||||CF23 BAB||||
|Investment|advisors||Brewin Dolphin Securities Limited||||
||||Floor||||
||||5 Callaghan<br>Square||||
||||Cardiff||||
||||CF10SB||||





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## 

||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|funds|funds|funds|2020|2019|
||||f|f|f|f|f|
|Income and endowments|from:|||||||
|Donations<br>and legacies|||9,204|100,714|30,184|140,102|162,732|
|Charitable<br>activities|||7,100,039|||7,100,039|7,533,705|
|Other trading activities|||85,847|||85,847|112,534|
|Christ<br>College<br>Holiday|Activities|||||||
|Limited||15|21,148|||21,148|244,073|
|1541Limited||15|163,043|||163,043|266,003|
|Investments||6|38,365|18,816|14,088|71,269|89,179|
|Other income||7|11,286|||11,286|10,756|
|Total income and endowments|||7,428,932|119,530|44,272|7,592,734|8,418,982|
|Expenditure<br>on:||||||||
|Charitable<br>activities|||6,493,491|106,223|14,088|6,613,802|7,436,553|
|Christ<br>College<br>Holiday|Activities|||||||
|Limited||15|3,762|||3,762|76,779|
|1541Limited||15|151,229|||151,229|43,394|
|Total expendi ture|||6,648,482|106,223|14,088|6,768,793|7,556,726|
|Net (losses)/gains<br>on investments||14|(70,723)|(41,464)|(26,323)|(138,510)|(49,360)|
|Net movement<br>in funds|||709,727|(28,157)|3,861|685,431|812,896|
|Reconciliation<br>of Funds||||||||
|||22,||||||
|Total funds brought<br>forward||23,24|11,785,235|917,343|636,085|13,338,663|12,525,767|
|Totalfunds carried forward||25|12,494,962|889,186|639,946|14,024,094|13,338,663|





## 

||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|funds|funds|funds|2020|2019|
||||E|E|E|f|f|
|Income and endowments||||||||
|from:||||||||
|Donations<br>and legacies|||9,204|100,714|30,184|140,102|162,732|
|Charitable<br>activities|||7,100,039|||7,100,039|7,533,705|
|Other trading activities|||97,847|||97,847|124,534|
|Investments|||38,365|18,816|14,088|71,269|385,800|
|Otherincome|||11,286|||11,286|10,756|
|Totalincome and|endowments||7,256,741|119,530|44,272|7,420,543|8,217,527|
|Expenditure<br>on:||||||||
|Charitable<br>activities|||6,416,818|106,223|14,088|6,537,129|7,355,271|
|Total expenditure|||6,416,818|106,223|14,088|6,537,129|7,355,271|
|Net (lossesJ/gains|on|||||||
|investments||14|(70,723)|(41,464)|(26,323)|(138,510)|(49,360)|
|Net movement<br>in funds|||769,200|(28,157)|3,861|744,904|812,896|
|Reconciliation<br>of Funds||||||||
|||22,||||||
|Total funds brought|forward|23,24|11,782,662|917,343|636,085|13,336,090|12,523,194|
|Totalfunds carried|forward|25|12,551,862|889,186|639,946|14,080,994|13,336,090|





## 

||||2020||2019||
|---|---|---|---|---|---|---|
|||Note|||||
|Fixed assets:|||||||
|Tangible assets||13||11,426,120||11,773,602|
|Investments||14||2,843,455||2,918,518|
|||||14,269,575||14,692,120|
|Current assets:|||||||
|Stocks||16|13,666||18,684||
|Debtors||17|1,379,035||1,547,625||
|Cash at bank and in hand||18|3,407,418||2,520,324||
||||4,800,119||4,086,633||
|Liabilities:|||||||
|Creditors: Amounts|falling due||||||
|within one year||19|(2,961,552)||(3,183,776)||
|Net current' assets||||1,838,567||902,857|
|Total assets less current liabilities||||16,108,142||15,594,977|
|Creditors: Amounts|falling due||||||
|after more than one year||20||(2,084,048)||(2,256,314)|
|Total net assets||25||14,024,094||13,338,663|
|The funds ofthe group:|||||||
|Endowment<br>funds||22||639,946||636,085|
|Restricted<br>income funds||23||889,186||917,343|
|Unrestricted<br>funds||24||12,494,962||11,785,235|
|Total charity funds||25||14,024,094||13,338,663|



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||||2020||2019|
|---|---|---|---|---|---|
|||Note||||
|Fixed assets:||||||
|Tangible assets||13||11,426,120|11,773,602|
|Investments||14||2,844,456|2,919,519|
|||||14,270,576|14,693,121|
|Current assets:||||||
|Debtors||17|1,434,350||1,767,334|
|Cash at bank and in hand||18|3,399,548||2,281,805|
||||4,833,898||4,049,139|
|Liabilities:||||||
|Creditors: Amounts|falling due|||||
|within one year||19|(2,939,432)||(3,149,856)|
|Net current assets||||1,894,466|899,283|
|Total assets less current liabilities||||16,165,042|15,592,404|
|Creditors: Amounts|falling due|||||
|after more than one year||20||(2,084,048)|(2,256,314)|
|Total net assets||25||14,080,994|13,336,090|
|The funds ofthe charity:||||||
|Endowment<br>funds||22||639,946|636,085|
|Restricted income funds||23||889,1876|917,343|
|Unrestricted<br>funds||24||12,551,862|11,782,662|
|Total charity funds||25||14,080,994|13,336,090|



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||||||Note|2020|2019|
|---|---|---|---|---|---|---|---|
|||||||E|f|
|Net cash provided<br>by operating<br>activities|||||31|1,169,436|1,722,930|
|Cash flows from investing|activities:|||||||
|Dividends,<br>interest<br>and rents from investments|||||6|71,269|89,179|
|Purchase of property<br>plant|and equipment||||13|(193,793)|(272,534)|
|Proceeds from sale of investments||||||753,658|400,635|
|Purchase of investments|||||14|(817,106)|(632,595)|
|Net cash used in investing|activities|||||(185,972)|(415,315)|
|Cash flows from financing|activities:|||||||
|Repayments<br>of borrowing||||||(96,370)|(1,118,334)|
|Net cash used in financing|activities|||||(96,370)|(1,118,334)|
|Change<br>in cash and cash equivalents||in the|reporting|period||887,094|189,281|
|Cash and cash equivalents|at the beginning||ofthe reporting|||||
|period||||||2,520,324|2,331,043|
|Cash and cash equivalents|at the end|ofthe|reporting|period|31|3,407,418|2,520,324|





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|CHRIST COLLEGE BRECON|||
|---|---|---|
|NOTES TO THE CONSOLIDATED<br>FINANCIAL|STATEMENTS||
|FOR THE YEAR ENDED 31AUGUST|2020||
|ACCOUNTING<br>POLICIES (continued)|||
|Designated<br>funds<br>are unrestricted<br>funds of the charity<br>which<br>the trustees<br>have decided||at their|
|discretion to set aside to use for a specific purpose.|||
|Restricted<br>funds are donations<br>and grants<br>which the donor|has specified are to be solely used for||
|particular<br>areas ofthe charity's<br>work or for specific projects being undertaken<br>by the charity.|||
|Endowment<br>funds are subject to specific conditions<br>by donors that the capital must be maintained|||
|by the charity.|||
|Employee<br>benefits|||
|The cost of any unused<br>holiday<br>entitlement<br>is recognised|in the period<br>in which<br>the employee's||
|services are received.|||
|Termination<br>benefits are recognised<br>immediately<br>as an expense<br>when the charity<br>is demonstrably|||
|committed<br>to terminate<br>the employment<br>ofan employee<br>or|to provide termination<br>benefits.||
|Operating<br>leases|||
|Rental charges are charged on a straight<br>line basis over the term ofthe lease.|||
|Pension schemes|||
|The charity operates a defined contribution<br>pension scheme for certain members ofstaff. The assets|||
|of the scheme are held separately<br>from those ofthe charity.|The contributions<br>are charged|to the|
|income<br>and expenditure<br>account<br>and allocated<br>between<br>unrestricted<br>and restricted<br>funds||where|
|applicable.|||



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## 

## 

|||||Unrestricted|Unrestricted|Restricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds||funds|2020|2019|
||Group and||College||||||||
||Donations||and gifts||9,204|33,804||30,184|73,192|38,621|
||Legacies|||||66,910|||66,910|124,111|
||||||9,204|100,714||30,184|140,102|162,732|
|4.|INCOME FROM CHARITABLE ACTIVITIES||||||||||
|||||Unrestricted||Restricted||Endowment|Total|Total|
||Group and||College||funds|funds||funds|2020|2019|
||||||||E|f|||
||Fees and other fees||||||||||
||receivable|||6,633,278|||||6,633,278|7,132,883|
||Grant income|||302,053|||||302,053||
||School trip||income|150,303|||||150,303|383,862|
||Registration||fees||10,552||||10,552|4,628|
||Examination||fees|||||||1,788|
||Insurance|commissions|||3,853||||3,853|10,544|
|||||7,100,039|||||7,100,039|7,533,705|
||Fees receivable:||||||||||
||||||||||2020|2019|
||||||||||f|E|
||Gross fees||||||||8,323,101|8,444,313|
||Less:total|scholarships,||bursaries<br>and|remissions||||(1,693,501)|(1,315,223)|
||Add back:|scholarships,||prizes, etc. paid for by restricted|||funds,||||
||scholarships||paid for by outside trusts||||||3,678|3,793|
||||||||||6,633,278|7,132,883|
||The total scholarships,|||prizes, etc. paid for by trust||funds|consist of:||||
||||||||||2020|2019|
||||||||||f|E|
||Scholarships,||etc.||||||3,678|3,793|
||||||||||3,678|3,793|





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|Gross fees receivable<br>may be analysed<br>by the follow|ing:||
|---|---|---|
||2020|2019|
||f|E|
|Boarders|4,647,200|4,860,635|
|Flexible boarders|949,203|974,665|
|Day pupils|2,599,253|2,460,845|
|Music and drama tuition|65,468|86,602|
|EAL income|21,700|20,700|
|Other fee income|26,377|29,646|
|Pu pil hosting scheme|13,900|11,220|
||8,323,101|8,444,313|



||2020|2019|
|---|---|---|
||No|No|
|Boarders|166|198|
|Flexible boarders|44|48|
|Day pupils|174|156|
|||402|



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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|2020|2019|
|Group|||f|f|f|f|E|
|Rent|||14,095|||14,095|13,688|
|Wayleave|||94|||94|97|
|Minibus||income|70,698|||70,698|97,024|
|Milk subsidy|||960|||960|1,725|
||||85,847|||85,847|112,534|
|College||||||||
|Malaysian||project|12,000|||12,000|12,000|
|Rent|||14,095|||14,095|13,688|
|Wayleave|||94|||94|97|
|Minibus|income||70,698|||70,698|97,024|
|Milk subsidy|||960|||960|1,725|
||||97,847|||97,847|124,534|





## 

|6.|INCOME|FROM INVESTMENTS||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
||Group||funds<br>f|funds<br>E|funds<br>f|2020<br>f|2019<br>E|
||Interest|income|6,272|||6,272|11,442|
||Dividend|income|32,093|18,816|14,088|64,997|77,737|
||||38,365|18,816|14,088|71,269|89,179|
||College|||||||
||Interest|income|6,272|||6,272|11,442|
||Dividend|income|32,093|18,816|14,088|64,997|77,737|
||Gift aid from subsidiaries||||||296,621|
||||38,365|18,816|14,088|71,269|385,800|
|7.|INCOME|FROM OTHER SOURCES||||||
||||Unrestricted|Restricted|Endowment|Total|Total|
||Group and College||funds<br>f|funds<br>f|funds<br>f|2020<br>f|2019<br>f|
||Sundry income||11,286|||11,286|10,756|
||||11,286|||11,286|10,756|





## 

|EXPENDITURE ON CHA|RITABLE ACTI|VITIES||||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|Group|Staff|costs<br>f|Other<br>f|Depreciation|f|2020<br>E|2019<br>E|
|Teaching costs|2,530,835||650,386|53,087||3,234,308|3,200,217|
|School trip expenditure|||156,796|||156,796|375,486|
|Welfare|197,102||448,330|11,450||656,882|793,964|
|Premises|1,174,870||596,465|455,920||2,227,255|2,648,750|
|Admin|||231,274|20,818||252,092|259,186|
|Financing<br>and other costs|||69,458|||69,458|136,358|
|Governance<br>costs|||17,011|||17,011|22,592|
||3,902,807||2,169,720|541,275||6,613,802|7,436,553|
|||||||2020|2019|
|Other expenditure<br>consists of:||||||f|f|
|Group||||||||
|Advertising,<br>marketing|and publicity|||||113,711|120,985|
|Audit and accountancy|fees|||||16,254|15,000|
|Bank interest, charges|and fees|||||93,627|123,701|
|Catering costs||||||168,556|245,062|
|Cleaning<br>and laundry||||||11,623|18,144|
|Commissions<br>paid||||||85,857|105,812|
|Equipment<br>hire||||||1.131|38,279|
|Staff expenses and travel||||||2,204|5,739|
|Functions||||||18,801|33,085|
|House supplies||||||11,751|23,308|
|Insura nce||||||56,782|51,677|
|ITcosts||||||128,581|115,919|
|Leadership||||||3,220|3,307|
|Legal and professional|fees|||||139,415|(49,996)|
|Printing,<br>postage and stationery||||||31232|38,963|
|Prizes||||||2,627|3,285|
|Productions||||||9,859|16,211|
|Recruitment||||||15,322|16,255|
|Rent, rates, water and|utilities|||||280,751|306,889|
|Repairs and maintenance||||||522,395|636,371|
|School travel||||||63,863|91,256|
|Subscriptions||||||19,874|23,459|
|School trip expenditure||||||156,796|375,486|
|Teaching and sports supplies||||||121,597|214,072|
|Telephone||||||25,869|26,559|
|Training||||||24,036|27,202|
|Transport||||||43,986|131,646|
|Loss on disposal offixed assets|||||||308,102|
|||||||2,169,720|3,065,778|





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|||||||Total||
|---|---|---|---|---|---|---|---|
|College||Staff|costs<br>f|Other<br>f|Depreciation<br>f|2020<br>f|2019<br>E|
|Teaching costs<br>School trip expenditure<br>Welfare<br>Premises||2,530,835<br>197,101<br>1,098,198||650,386<br>156,796<br>448,330<br>596,465|53,087<br>11,450<br>455,920|3,234,308<br>156,796<br>656,881<br>2,150,583|3,200,217<br>375,486<br>778,907<br>2,582,525|
|Admin||||231,274|20,818|252,092|259,186|
|Financing<br>and other costs<br>Governance<br>costs||||69,458<br>17,011||69,458<br>17,011|136,358<br>22,592|
|||3,826,134||2,169,720|541,275|6537129|7355271|
|||||||2020|2019|
|Other expenditure<br>consists of:||||||f|f|
|College||||||||
|Advertising,<br>marketing||and publicity||||113,711|120,985|
|Audit and accountancy||fees||||16,254|15,000|
|Bank interest, charges|and fees|||||93,627|123,701|
|Catering costs||||||168,556|230,005|
|Cleaning<br>and laundry<br>Commissions<br>paid||||||11,623<br>85,857|5,284<br>105,812|
|Equipment<br>hire<br>Staff expenses<br>and travel<br>Functions||||||1.131<br>2,204<br>18,801|38,279<br>5,739<br>33,085|
|House supplies||||||11,751|23,308|
|lnsura nce||||||56,782|51,677|
|ITcosts||||||128,581|115,919|
|Leadership||||||3,220|3,307|
|Legal and professional<br>fees<br>Printing,<br>postage and stationery||||||139,415<br>31.232|(49,996)<br>38,963|
|Prizes<br>Productions<br>Recruitment||||||2,627<br>9,859<br>15,322|3,285<br>16,211<br>16,255|
|Rent, rates, water and utilities||||||280,751|306,889|
|Repairs and maintenance<br>School travel<br>School trip expenditure||||||522,395<br>63,863<br>156,796|636,371<br>91,256<br>375,486|
|Subscriptions||||||19,874|23,459|
|Teaching and sports supplies||||||121,597|214,072|
|Telephone||||||25,869|26,559|
|Training||||||24,036|27,202|
|Transport||||||43,986|131,646|
|Loss on disposal offixed||assets|||||308,102|
|||||||2,169,720|3,037,861|





## 

|9.|AUDITORS|REMUNERATION|REMUNERATION|REMUNERATION|REMUNERATION|||
|---|---|---|---|---|---|---|---|
||Fees for examination||of|the|accounts:|||
|||||||Total|Total|
|||||||2020|2019|
||Group|||||f|f|
||Auditors fees|||||15,345|15,040|
||Other fees|||||4,259|4,700|
||College|||||||
||Auditors fees|||||11,995|11,750|
||Other fees|||||4,259|3,250|
|10.|GOVERNANCE<br>COSTS|||||||
||Governance|costs incurred|||during the year relate to:|||
|||||||2020|2019|
||Group|||||f|E|
||Legal and|professional||fees||757|2,852|
||Audit and|accountancy||fees||19,604|19,740|
||College|||||||
||Legal and|professional||fees||757|2,852|
||Audit and|accountancy||fees||16,254|15,000|





## 

||2020|2019|
|---|---|---|
|Group and College|f|f|
|Wages and salaries|3,071,450|3,137,535|
|Social security costs|268,198|267,475|
|Pension costs - teaching|416,970|313,267|
|Pension costs —non-teaching|146,189|109,780|
||3,902,807|3,828,057|



|2020|2019|
|---|---|
|No|No|





## 

## 

||Total|Total|
|---|---|---|
||2020|2019|
||No|No|
|Teaching|57|61|
|Support|34|31|
|Estate|19|18|
|Domestics|24|31|
||134|141|





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## 

## 

## 

|||||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Group||||||||||f|E|
|Carrying<br>(fair) value at beginning|||||of period|||||2,918,518|2,735,919|
|Add: additions|to investments|||during||period||||817,106|632,595|
|Less: disposals|at carrying value|||||||||(741,057)|(408,073)|
|Add/ (deduct):|net (loss)/gain||on||revaluation|||||(138,510)|(49,360)|
|Dealing account||||||||||(12,602)|7,437|
|Carrying<br>(fair) value at end ofyear||||||||||2,843,455|2,918,518|
|College||||||||||||
|Carrying<br>(fair) value at||beginning|||of period|||||2,919,519|2,736,920|
|Add: additions to investments|||during|||period||||817,106|632,595|
|Less: disposals at carrying value||||||||||(741,057)|(408,073)|
|Add/ (deduct):|net (loss)/gain||on||revaluation|||||(138,510)|(49,360)|
|Dealing account||||||||||(12,602)|7,437|
|Carrying<br>(fair) value at||end ofyear||||||||2,844,456|2,919,519|
|Analysis ofinvestments||||||||||||
||||||||2020|||2019||
||||||||Fair|||Fair||
||||||||value|Book|cost|value|Book cost|
||||||||E||f|E|E|
|Cash or cash equivalents|||||||64,297|64,297||76,900|76,900|
|Listed investments|||||||2,779,158|2,438,727||2,841,618|2,454,291|
|Investment<br>in trading||subsidiaries|||||1,001|1,001||1,001|1,001|
||||||||2,844,456|2,504,025||2,919,519|2,532,192|
|The investment|portfolio<br>is split|||between|||unrestricted,|restricted|and|endowment<br>funds.|The ratios|
|ofthe portfolio can be||seen below:||||||||||
|||||||||||2020|2019|
|||||||||||9o||
|Unrestricted||||||||||49|50|
|Endowment||||||||||22|21|
|Restricted||||||||||29|29|
|||||||||||100|100|





## 

## 

## 

## 

|||||2020|2019|
|---|---|---|---|---|---|
|||||f|f|
|Profit and Loss|Account|||||
|Turnover||||21,148|244,073|
|Recharges to Christ College Brecon||||10,303|9,920|
|Expenditure<br>Recharges from <br>Profit for year|Christ|College Brecon||(3,762)<br>(56,514)<br>(28,825)|(76,779)<br>(79,780)<br>97,434|
|Statement ofChanges||in Equity||||
|Balance brought|forward|||3,572|3,572|
|Profit and total|comprehensive||income for the period|(28,825)|97,434|
|Distributions<br>to|parent|charity under gift aid|||(97,434)|
|Balance carried|forward|||(25,253)|3,572|
|Balance Sheet||||||
|Current assets||||19,563|116,236|
|Current<br>liabilities||||(44,816)|(112,664)|
|Capital and reserves||||(25,253)|3,572|





## 

## 

## 

||||2020|2019|
|---|---|---|---|---|
||||f|f|
|Profit and Loss Account|||||
|Turnover|||163,043|266,003|
|Expenditure|||(151,229)|(43,394)|
|Recharges to Christ College Brecon|||(30,460)|(11,422)|
|Management<br>charge from Christ||College Brecon|(12,000)|(12,000)|
|(Loss)/profit<br>for year|||(30,646)|199,187|
|Statement ofChanges|in Equity||||
|Balance brought<br>forward|||1|1|
|Profit and total comprehensive||income for the period|(30,646)|199,187|
|Distributions<br>to parent|charity under gift aid|||(199,187)|
|Balance carried forward|||(30,645)||
|Balance Sheet|||||
|Fixed and current assets|||2,940|218,550|
|Current<br>liabilities|||(33,585)|(218,549)|
|Capital and reserves|||(30,645)||





|||||||CHRIST COLLEGE BRECON|CHRIST COLLEGE BRECON|CHRIST COLLEGE BRECON|||
|---|---|---|---|---|---|---|---|---|---|---|
||||NOTES TO THE CONSOLIDATED<br>FINANCIAL STATEMENTS||||||||
||||||FOR THE YEAR ENDED 31AUGUST 2020||||||
|16.|STOCKS||||||||||
||||||||||2020|2019|
||Group||||||||f|f|
||Goods for resale:||||||||||
||Opening<br>balance||||||||18,684|15,089|
||Added<br>in period||||||||3,859|10,086|
||Expensed<br>in period||||||||(8,877)|(6,491)|
||Closing balance||||||||13,666|18,684|
|17.|DEBTORS||||||||||
||||||||Group||College||
||||||||2020|2019|2020|2019|
||||||||f|f|f|f|
||Trade debtors||||||1,199,998|1,373,651|1,208,931|1,296,839|
||Prepayments|and|accrued||income||179,037|173,974|169,980|173,874|
||Balances due|from group|||||||||
||undertakings||||||||55,439|296,621|
||||||||1,379,035|1,547,625|1,434,350|1,767,334|
|18.|CASH AT BANK AND IN HAND||||||||||
||||||||Group||College||
||||||||2020f|2019<br>f|2020<br>f|2019<br>f|
||Short term deposits||||||608,616|605,889|608,616|605,889|
||Cash at bank and||on hand||||2,798,802|1,914,435|2,790,932|1,675,916|
||||||||3,407,418|2,520,324|3,399,548|2,281,805|
|19.|CREDITORS: AMOUNTS|||FALLING||DUE WITHIN ONE YEAR|||||
||||||||Group||College||
||||||||2020|2019|2020|2019|
||||||||f|f|f|f|
||Bank loans||||||72,128|73,761|72,128|73,761|
||Trade creditors||||||158,377|128,396|147,823|125,822|
||Accruals and deferred|||income|||2,531,943|2,781,550|2,528,593|2,770,091|
||Taxation and social security||||||65,314|225,576|65,314|71,570|
||Other creditors||||||133,790|117,971|125,574|108,612|
||||||||2,961,552|3,183,776|2,939,432|3,149,856|





## 

|||Group and|College|
|---|---|---|---|
|||2020|2019|
|||f|f|
|Bank loans||1,922,466|1,995,667|
|Deferred|income|135,524|212,563|
|Other creditors||26,058|48,084|
|||2,084,048|2,256,314|



## 

## 

## 

||||||2020|2019|
|---|---|---|---|---|---|---|
|Grou|and Colle e||||f|f|
|Balance||at the start ofthe reporting|period||2,898,900|2,820,077|
|Amounts||added<br>in current period|||8,031,526|8,523,135|
|Amounts||released to income from|previous|periods|(8,323,101)|(8,444,313)|
|Balance||at the end ofthe reporting|period||2,607,325|2,898,900|





## 

||Advance|fees|Final term|deposits|Michaelmas|term fees|
|---|---|---|---|---|---|---|
|Chari<br>and Grou|2020<br>f|2019<br>f|2020<br>f|2019<br>f|2020<br>f|2019<br>f|
|Within 1year<br>Within 2-5 years|203,986<br>24,000|270,298<br>87,000|57,791<br>111,524|60,164<br>102,817|2,210,024|2,355,875|
|After 5years||||22,746|||
||227,986|357,298|169,315|185,727|2,210,024|2,355,875|





## 

## 

## 

## 

|The amount|repayable|on the bank loan is as follows:|||
|---|---|---|---|---|
||||2020|2019|
||||E|f|
|Repayable|within one|year|72,128|73,761|
|Repayable|between two and five years||383,230|383,230|
|Repayable|in more than five years||1,539,236|1,612,437|
||||1,994,594|2,069,428|





## 

## 

|Net obligations|Net obligations|payable:|||
|---|---|---|---|---|
||||2020|2019|
||||f|f|
|Repayable|within one year||19,493|19,004|
|Repayable|between two and five years||26,058|48,084|
||||45,551|67,088|



## 

|Net o|bligations|payable:|||
|---|---|---|---|---|
||||2020|2019|
||||f|f|
|Due|within one year||8,097|9,379|
|Due|between|two and five years||16,030|
||||8,097|25,409|





## 

## 

|||||At 1|||||||At|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||September|||||||Gains and|31August|
|||||2019|Income|Expenditure||Transfers||losses|2020|
|Group and College||||f|f|f||f||f|f|
|Black Cat||||53,446|1,130|(1,130)||||(2,112)|51,334|
|OBA award||||203,701|4,307|(4,307)||||(8,048)|195,653|
|Dr Herdman|fund|||215,499|4,557|(4,557)||||(8,513)|206,986|
|Edward<br>Edwards||||48,098|1,017|(1,017)||||(1,900)|46,198|
|Sundry||||115,341|2,439|(2,439)||||(4,557)|110,784|
|The Friends|ofChrist|||||||||||
|College Fund|||||30,822|(638)||||(1,193)|28,991|
|||||636,085|44,272|(14,088)||||(26,323)|639,946|
|hese funds consist||of|a number|of separate trust funds set up by individual||||donors.|These trust funds||are|
|ooled for investment|||purposes,|and each fund|is allocated|its proportion|of investment|||income, gains|and|
|osses. All endowed||fund income||is used to provide academic scholarships,|||bursaries||and|prizes.||
|Previous<br>ear||||||||||||
|||||At 1||||||||
||||September|||||||Gains and|31August|
|||||2018|Income|Expenditure||Transfers||losses|2019|
|Group and College||||f|f|f||f||f|f|
|Black Cat||||54,511|1,432|(1,432)||||(1,065)|53,446|
|OBA award||||207,761|5,459|(5,459)||||(4,060)|203,701|
|Dr Herdman|fund|||219,795|5,776|(5,776)||||(4,296)|215,499|
|Edward<br>Edwards||||49,057|1,289|(1,289)||||(959)|48,098|
|Sundry||||117,640|3,092|(3,092)||||(2,299)|115,341|
|||||648,764|17,048|(17,048)||||(12,679)|636,085|



## 



## 

## 

## 

|||At 1|||||At|
|---|---|---|---|---|---|---|---|
|||September||||Gains and|31August|
|Group and|College|2019<br>f|Income<br>f|Expenditure<br>f|Transfers<br>f|losses<br>f|2020<br>f|
|Scholarship|funds|149,996|3,047|(3,O47)||(6,715)|143,281|
|Prize funds||52,922|1,269|(1,269)||(2,796)|50,126|
|Foundation|-general|135,418|103,465|(90,158)||(6,062)|142,663|
|Sir Barrie and Lady||||||||
|Stephens scholarship||||||||
|fund||290,477|5,901|(5,901)||(13,003)|277,474|
|Chapel repair fund||613|||||613|
|Peter Lloyd|bequest|207,403|4,213|(4,213)||(9,284)|198,119|
|Powell Donation||20,000|406|(4o6)||(895)|19,105|
|Kelvin Bryan|bursary|60,514|1,229|(1,229)||(2,709)|57,805|
|||917,343|119,530|(106,223)||(41,464)|889,186|





## 

## 

|~Previous<br>eor|||||||
|---|---|---|---|---|---|---|
||At 1|||||At|
||September||||Gains and|31August|
||2018|Income|Expenditure|Transfers|losses|2019|
|Group and College|E|E|E|E|E|E|
|Scholarship<br>funds|150,730|13,179|(11,514)||(2,399)|149,996|
|Prize funds|53,836|1,497|(1,497)||(914)|52,922|
|Foundation<br>-general|137,608|3,586|(3,586)||(2,190)|135,418|
|Sir Barrie and Lady|||||||
|Stephens scholarship|||||||
|fund|295,176|7,693|(7,693)||(4,699)|290,477|
|Chapel repair fund|613|150|(150)|||613|
|Peter Lloyd bequest|210,758|5,493|(5,493)||(3,355)|207,403|
|Powell Donation||20,000||||20,000|
|Kelvin Bryan bursary||60,514||||60,514|
||848,721|112,112|(29,933)||(13,557)|917,343|





## 

## 

|||At 1|||||At|
|---|---|---|---|---|---|---|---|
|||September||||Gains and|31August|
|||2019|Income|Expenditure|Transfers|losses|2020|
|Group||E||f|f|f|f|
|Foundation||1,640,975||||(70,723)|1,570,252|
|General|funds|10,144,260|7,428,932|(6,648,482)|||10,924,710|
|||11,785,235|7,428,932|(6,648,482)||(70,723)|12,494,962|
|College||||||||
|Foundation||1,640,975||||(70,723)|1,570,252|
|General|funds|10,141,687|7,256,741|(6,416,818)|||10,981,610|
|||11,782,662|7,256,741|(6,416,818)||(70,723)|12,551,862|



|Previous<br>eor|||||||
|---|---|---|---|---|---|---|
||At 1|||||At|
||September||||Gains and|31August|
|Group|2018<br>f|Income<br>f|Expenditure<br>f|Transfers<br>f|losses<br>f|2019<br>f|
|Foundation|1,664,099||||(23,124)|1,640,975|
|General funds|9,364,183|8,289,822|(7,509,745)|||10,144,260|
||11,028,282|8,289,822|(7,509,745)||(23,124)|11,785,235|
|College|||||||
|Foundation|1,664,099||||(23,124)|1,640,975|
|General funds|9,361,610|8,088,367|(7,308,290)|||10,141,687|
||11,025,709|8,088,367|(7,308,290)||(23,124)|11,782,662|





## 

## 

|ANALYSIS OF|NET ASS|ETS BETWEEN FU|NDS||||
|---|---|---|---|---|---|---|
|||||Net current|Long term||
|Group||Fixed assets<br>f|Investments<br>f|assets<br>f|liabilities<br>f|Totalf|
|Endowment|funds||639,946|||639,946|
|Restricted funds|||888,573|613||889,186|
|Unrestricted|funds:||||||
|General funds||11,426,120|1,314,936|1,837,954|(2,084,048)|12,494,962|
|||11,426,120|2,843,455|1,838,567|(2,084,048)|14,024,094|
|College|||||||
|Endowment|funds||639,946|||639,946|
|Restricted funds|||888,573|613||889,186|
|Unrestricted|funds:||||||
|General funds||11,426,120|1,315,937|1,893,853|(2,084,048)|12,551,862|
|||11,426,120|2,844,456|1,894,466|(2,084,048)|14,080,994|
|~Previous<br>eor|||||||
|||||Net current|Long term||
|||Fixed assets|Investments|assets|liabilities|Total|
|Group||f|f|f|f|f|
|Endowment|funds||636,085|||636,085|
|Restricted funds|||836,216|81,127||917,343|
|Unrestricted|funds:||||||
|General<br>funds||11,773,602|1,446,217|821,730|(2,256,314)|11,785,235|
|||11,773,602|2,918,518|902,857|(2,256,314)|13,338,663|
|College|||||||
|Endowment|funds||636,085|||636,085|
|Restricted funds|||836,216|81,127||917,343|
|Unrestricted|funds:||||||
|General funds||11,773,602|1,447,218|818,156|(2,256,314)|11,782,662|
|||11,773,602|2,919,519|899,283|(2,256,314)|13,336,090|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



||||FOR THE YEAR ENDED 31|FOR THE YEAR ENDED 31|AUGUST 2020|AUGUST 2020|
|---|---|---|---|---|---|---|
|31.|RECONCILIATION<br>OF||NET INCOME/(EXPENDITURE)||TO NET CASH FLOW FROM OPERATING||
||ACTIVITIES||||||
||||||2020|2019|
||Group||||f|f|
||Net income for the|reporting<br>period|||685,431|812,896|
||Adjustments<br>for:||||||
||Depreciation<br>charges||||541,275|542,719|
||(Gains)/losses<br>on investments||||138,510|49,360|
||Dividends,<br>interest|and rents from investments|||(71,269)|(89,179)|
||Loss/(profit)<br>on the|sale offixed||assets||308,102|
||(Increase)/decrease||in stocks||5,018|(3,595)|
||Increase<br>in debtors||||168,590|(1,627,576)|
||Increase/(decrease)||in creditors||(298,119)|1,730,203|
||Net cash provided|by operating||activities|1,169,436|1,722,930|
||Analysis ofcash and||cash equivalents||||
||Cash in hand||||2,798,802|1,914,435|
||Notice deposits (less||than 3 months)||608,616|605,889|
||Total Cash and Cash||Equivalents||3,407,418|2,520,324|



|||||Other|Balance|
|---|---|---|---|---|---|
||Opening||Interest|non-cash|carried|
||balance<br>f|Cash-flows<br>f|changes<br>f|changes<br>f|forward<br>f|
|Cash|1,914,435|884,367|||2,798,802|
|Cash equivalents|605,889|2,727|||608,616|
||2,520,324|887,094|||3,407,418|
|Bank loans falling due within||||||
|one year|(73,761)|||1,633|(72,128)|
|Bank loans falling due after||||||
|more than one year|(1,995,667)|168,462|(93,628)|(1,633)|(1,922,466)|
|Finance lease obligations|(67,088)|22,885|(1,348)|-|(45,551)|
|Total|383,808|1,078,441|(94,976)|-|1,967,279|





||FO|FO|FO|R THE YEAR ENDED 31AUGU|R THE YEAR ENDED 31AUGU|ST 2020|||
|---|---|---|---|---|---|---|---|---|
|32.|COMPARATIVE<br>STATEMENT|||OF FINANCIAL ACTIVITIES|||||
||||||Unrestricted|Restricted|Endowment|Total|
||~Grou||||funds|funds|funds|2019|
||||||f|f|E|E|
||Income and endowments||from:||||||
||Donations<br>and legacies||||137,124|25,608||162,732|
||Charitable<br>activities||||7,473,191|60,514||7,533,705|
||Other trading<br>activities||||112,534|||112,534|
||Christ<br>College|Holiday||Activities|||||
||Limited||||244,073|||244,073|
||1541Limited||||266,003|||266,003|
||Investments||||46,141|25,990|17,048|89,179|
||Other income||||10,756|||10,756|
||Total income and|endowments|||8,289,822|112,112|17,048|8,418,982|
||Expenditure<br>on:||||||||
||Charitable<br>activities||||7,389,572|29,933|17,048|7,436,553|
||Christ<br>College|Holiday||Activities|||||
||Limited||||76,779|||76,779|
||1541Limited||||43,394|||43,394|
||Total expenditure||||7,509,745|29,933|17,048|7,556,726|
||Net (losses)/gains|on investments|||(23,124)|(13,557)|(12,679)|(49,360)|
||Net income/(expenditure||J||756,953|68,622|(12,679)|812,896|
||Transfers between|funds|||||||
||Net movementin|funds|||756,953|68,622|(12,679)|812,896|
||Reconciliation<br>of|Funds|||||||
||Total funds brought<br>forward||||11,028,282|848,721|648,764|12,525,767|
||Totalfunds carried forward||||11,785,235|917,343|636,085|13,338,663|





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|||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|
|~Colle e||funds|funds|funds|2019|
|||f|f|f|f|
|Income and endowments|from:|||||
|Donations<br>and legacies||137,124|25,608||162,732|
|Charitable<br>activities||7,473,191|60,514||7,533,705|
|Other trading activities||124,534|||124,534|
|investments||342,762|25,990|17,048|385,800|
|Other income||10,756|||10,756|
|Totalincome and endowments||8,088,367|112,112|17,048|8,217,527|
|Expenditure<br>on:||||||
|Charitable<br>activities||7,308,290|29,933|17,048|7,355,271|
|Total expenditure||7,308,290|29,933|17,048|7,355,271|
|Net (losses)/gains<br>on investments||(23,124)|(13,557)|(12,679)|(49,360)|
|Net income/(expenditure)||756,953|68,622|(12,679)|812,896|
|Transfers<br>between<br>funds||||||
|Net movementin<br>funds||756,953|68,622|(12,679)|812,896|
|Reconciliation<br>of Funds||||||
|Total funds brought<br>forward||11,025,709|848,721|648,764|12,523,194|
|Totalfunds carried forward||11,782,662|917,343|636,085|13,336,090|



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