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2021-08-31-accounts

Contents Contents
Report ofthe Governors 1-14
Report ofthe Independent Auditors 15-17
Statement ofFinancia
I Activities		 18-19
Balance Sheet 20-21
Statement ofCash Flows 22
Notes tothe Consolidated Financial Statements 23-56

Unrestricted Restricted Endowment Total Total
Note funds funds funds 2021 2020
f f f f f
Income and endowments from:
Donations
and legacies		 3 6,115 34,405 40,520 140,102
Charitable
activities		 4 6,638,535 6,638,535 7,100,039
Other trading activities 5 89,681 89,681 85,847
Christ College Holiday Activities
Limited 15 112,687 112,687 21,148
1541Limited 15 163,043 163,043 163,043
Investments
Otherincome
Total income and endowments		 6
7		 28,534
~1247
7051071		 16,415
~50 20		 12,306
12306		 57,255
12476
7 114197		 71,269
11286
7 592734
Expenditure
on:
Charitable
activities		 8 6,331,305 9,575 12,306 6,353,186 6,613,802
Christ College Holiday Activities
Limited 15 47,166 47,166 3,762
1541Limited 15 155921 155 921 151229
Total expenditure 65$4392 9575 2~206 ~556 276 6 768 793
Net gains/(losses)
oninvestments		 14 366005 215 100 ~262 81 74\ 676 138510
Net movement
infunds		 882,774 256,345 162,481 1,301,600 685,431
Reconciliation ofFunds
22,
Total funds brought
forward		 23,24 12494962 089 186 ~639 4 14g224IS~ ~1$326653
Totalfunds carried forward 25 13,377,736 1,145,531 802,427 15,325,694 14,024,094

Unrestdcted Restricted Endowment Total Total
Note funds funds funds 2021 2020
E f E 6 f
Income and endowments
from:
Donations
and legacies		 3 6,115 34,405 40,520 140,102
Charitable
activities		 4 6,638,535 6,638,535 7,100,039
Other trading activities 5 89,681 89,681 97,847
Investments 6 28,534 16,415 12,306 57,255 71,269
Other income 7 12,476 12,476 11,286
Totalincome and endowments 6 77~ 341 50820 12306 6838467 7 42D 543
Expenditure
on:
Charitable
activities		 8 62M 358 9575 12306 6 302 239 6537129
Total expenditure 62M358 9575 12306 6302259 6537129
Net gains/(losses) on
investments 14 866 095 215 1161 162481 743676 ~238 51D
Net movement
in		 funds 861,078 256,345 162,481 1,279,904 744,904
Reconciliation of Funds
22.
Total funds brought forward 23,24 12~51862 889186 639946 14080994 13336090
Totalfunds carried forward 25 13412940 1,145,~31 902+27 15,660,698 14,DBD,994

2021 2020
Note E
Fixed assets:
Tangible assets 13 11,059,017 11,426,120
Investments 14 3610626 2 843499
14,669,643 14,269,575
Current assets:
Stocks 16 10,520 13,666
Debtors 17 135,510 1,379,035
Cash at bank and in hand 18 3 134892 3407418
3,280,422 4,800,119
Liabilities:
Creditors: Amounts falling due
within one year 19 (1,406,392) (2,961,552)
Net current assets 1,874,030 1,838,567
Total assets less current liabilities 16,543,673 16,108,142
Creditors: Amounts falling due
after more than one year 20 (1,217,979) (2,084,048)
Total net assets 25 1302~ 694 14,024,094
The funds ofthe group:
Endowment
funds		 22 802,427 639,946
Restricted income funds 23 1,145,531 889,186
Unrestricted
funds		 24 13877786 12494 ~62
Total charity funds 25 1 25694 14,024,094

2021 2020
Note E
Fixed assets:
Tangible assets 13 11,059,017 11,426,120
Investments 14 3 611622 2844 456
14,670,644 14,270,576
Current assets:
Debtors 17 193,144 1,434,350
Cash at bank and in hand 18 0106224 3399548
3,299,368 4,833,898
Liabilities:
Creditors: Amounts falling due
within one year 19 (1,391,135) (2,939,432)
Net current assets 1,908,233 1,894,466
Total assets less current liabilities 16,578,877 16,165,042
Creditors: Amounts falling due
after more than one year 20 (1,217,979) (2,0&4,048)
Total net assets 25 15 560898 14,080,994
The funds ofthe chadity:
Endowment
funds		 22 802,427 639,946
Restricted income funds 23 1,145,531 889,1876
Unrestricted
funds		 24 ~23 12940 12551862
Total charity funds 25 15 060098 14,080,994

Note 2021f 2020
f
Net cash provided
by operating
activities		 31 755951 1169436
Cash flows frominvesting
activitiesi
Dividends,
interest and rents from investments		 6 57,255 71,269
Purchase of property
plant and equipment		 13 (176,865) (193,793)
Proceeds from sale of investments
Purchase ofinvestments		 14 354,338
~877833		 753,658
~817166
Net cash used in investing
activities		 143105 185972
Cash flows from financing activities:
Repayments
ofborrowing		 885872 96370
Net cash used in financing activities 885872 96370
Change
in cash and cash equivalents		 in the reporting period (273,026) 887,094
Cash and cash equivalents
at the beginning ofthe reporting
period 3,407,418 2,520,324
Cash and cash equivalents
at the end		 ofthe reporting period 31 3 154392 3,407,418

Additions
from		 Additions
up to
1September 2000 31August 2000
Freehold
land and buildings		 Over 15-30years Over 50years
Furniture
and equipment		 Over 1-10years Over 5-20years
Motor vehicles Over 5years Over 5years
Other leased assets Over the term ofthe lease Over the term ofthe lease
All weather
pitch		 Over 10-50years

Unrestricted Unrestricted Unrestricted Restricted Endowment Endowment Total Total
funds funds funds 2021 2020
Group and College
Donations and giRs 6,115 34,405 40,520 73,192
Legacies 66916
6115 34,405 40,520 140,102
NCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted Endowment Total Total
funds funds funds 2021 2020
Group and College
Fees and other fees
receivable 6,391,782 6,391,782 6,633,278
Grant income 210,077 210,077 302,053
School trip income 10,985 10,985 150,303
Registration fees 1$,718 1$,718 10,552
Examination
fees		 4,389 4,389
Insurance commissions 2 584 2 584 3833
6,638,535 6,638,535 7,100,039
Fees receivable:
2021f 2020
f
Gross fees 8,059,464 8,323,101
Less:total scholarships, bursaries and remissions (1,671,281) (1,693,501)
Add back: scholarships, prizes, etc. paid for by restricted funds,
scholarships
paid for by outside trusts		 3599 3 678
~692 782 6.633.278
The total scholarships, prizes, etc. paid for by trust funds consist of:
2021f 2020f
Scholarships, etc. 3,549 3,678
Prizes 50
3 99 3,678

Gross fees receivable
may be analysed
by the follow		 ing:
2021 2020
f f
Boarders 4,566,329 4,647,200
Flexible boarders 949,203
Day pupils 3,345,688 2,599,253
Music and drama tuition 50,112 65,468
EAL income 19,454 21,700
Other fee income 30,870 26,377
Pupil hosting scheme 43D11 1390D
8039404 8,313,1D1
2021 2020
No No
Boarders 165 166
Flexible boarders 44
Day pupils 203 174
368 384

Unrestricted Restricted Endowment Total Total
funds funds funds 2021 2020
Group f f f f f
Rent 17,606 17,606 14,095
Wayleave 94 94 94
Minibus income 71,510 71,510 70,698
Milk subsidy 471 471 960
89681 89,681 85,847
College
Malaysian project 12,000
Rent 17,606 17,606 14,095
Wayleave 94 94 94
Minibus income 71,510 71,510 70,698
Milk subsidy 471 471 960
89681 89,681 97,847

INCOME FROM INVESTMENTS
Unrestricted Restdcted Endowment Total Total
funds funds funds 2021 2020
Group and College E E E E
Interest income 536 536 6,272
Dividend income 27998 16415 12996 56719 64997
28 ~84 16+15 12,306 57,255 71,269
INCOME FROM OTHER SOURCES
Unrestricted Restricted Endowment Total Total
funds funds funds 2021 2020
Group and College E E E E E
Sundry income ~22 76 12475 11286
12,476 12,476 11,286

EXPENDITURE ON CHA RITABLE ACTIVITIES
Total Total
Group Staff costs Other
f		 Depreciationf 2021
f		 2020
f
Teaching costs 2,363,206 468,806 53,107 2,885,119 3,234,308
School trip expenditure 3,295 3,295 156,796
Welfare 242,569 552,504 11,455 806,528 656,882
Premises 581,983 745,974 456,100 1,784,057 2,227,255
Admin 495,871 277,155 20,826 793,852 252,092
Financing and other costs 57,405 57,405 69,458
Governance
costs		 22 900 22 900 11011
3,683,629 2,128,069 541,488 6,353,186 6,613,802
2021 2020
Other expenditure
consists of:		 f
Group
Advertising,
marketing		 and publicity 121,621 113,711
Audit and accountancy fees 15,660 16,254
Bank interest, charges and fees 81,991 93,627
Catering costs 184,912 168,556
Cleaning
and laundry		 9,902 11,623
Commissions paid 67,659 85,857
Equipment
hire		 879 1,131
Staff expenses and travel 6,798 2,204
Functions 12,724 18,801
House supplies 12,658 11,751
Insura nce 56,718 56,782
ITcosts 86,233 128,581
Leadership 3,220
Legal and professional fees 59,304 139,415
Printing, postage and stationery 26,966 31,232
Prizes 2,575 2,627
Productions 11,788 9,859
Recruitment 27,463 15,322
Rent, rates, water and utilities 325,101 280,751
Repairs and maintenance 662,953 522,395
School travel 30,990 63,863
Subscriptions 21,589 19,874
School trip expenditure 3,295 156,796
Teaching and sports supplies 139,804 121,597
Telephone 27,460 25,869
Training 14,501 24,036
Transport 114,045 43,986
Loss on disposal offixed assets 2 400
2,128,069 2,169,720

EXPENDITURE ON CHA RITABLE ACTIVITIES (c ontinued)
Total
College Staffcosts
f		 Other
f		 Depreciation
f		 2021 2020
f
Teaching costs 2,363,206 468,806 53,107 2,885,119 3,234,308
School trip expenditure 3,295 3,295 156,796
Welfare 242,569 552,504 11,455 806,528 656,881
Premises 581,983 745,974 456,100 1,784,0S7 2,150,583
Admin 444,924 277,155 20,826 742,905 252,092
Financing
and other costs		 57,405 57,405 69,458
Governance
costs		 22 900 22930 17011
3,632,682 2,128,069 541,488 6,302,239 6,537,129
2021 2020
Other expenditure
consists of:		 f f
College
Advertising,
marketing		 and publicity 121,621 113,711
Audit and accountancy fees 15,660 16,254
Bank interest, charges and fees 81,991 93,627
Catering costs 184,912 168,556
Cleaning
and laundry		 9,902 11,623
Commissions
paid		 67,659 85,857
Equipment
hire		 879 1.131
Staff expenses and travel 6,798 2,204
Functions 12,724 18,801
House supplies 12,658 11,751
Insurance 56,718 56,782
ITcosts 86,233 128,581
Leadership 3,220
Legal and professional fees 59,304 139,415
Printing,
postage and		 stationery 26,966 31,232
Prizes 2,575 2,627
Productions 11,788 9,859
Recruitment 27,463 15,322
Rent, rates, water and utilities 325,101 280,751
Repairs and maintenance 662,953 522,395
School travel 30,990 63,863
School tdp expenditure 3,295 156,796
Subscriptions 21,589 19,874
Teaching and sports supplies 139,804 121,597
Telephone 27,460 25,869
Training 14,501 24,036
Transport
Loss on disposal offixed assets		 114,045
~000		 43,986
2,128,069 2,169,720

9. AUDITORS REMUNERATION REMUNERATION
Fees for examination
of		 the accounts:
Total Total
Group 2021f 2020
f
Auditors fees
Other fees		 15,660
~010		 15,345
4,259
College
Auditors fees
Other fees		 12,250
~010		 11,995
4,259
10. GOVERNANCE
COSTS
Governance costs incurred during the year relate to:
2021 2020
Group E f
Legal and professional fees 7,270 757
Audit and accountancy fees 19,070 19,604
College
l.egal and professional fees 7,270 757
Audit and accountancy fees 15,660 16,254

2021 2020
Group and College E f
Wages and salaries 2,880,994 3,071,450
Social security costs 263,710 268,198
Pension costs - teaching 393,393 416,970
Pension costs —non-teaching 143332 146189
3 683629 3,962,887
2021 2020
No No

Total Total
2021 2020
No No
Teaching 49 57
Support 34 34
Estate 20 19
Domestics 24 24
127 134
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FIXEDASSET INVESTMENTS
2021 2020
Group E
Carrying
(fair) value at beginning
of period		 2,843,455 2,918,518
Add: additions to investments
during		 period 377,833 817,106
Less: disposals at carrying value (401,152) (741,057)
Add/ (deduct): net gain/ (loss) on revaluation 743,676 (138,510)
Dealing account 46,814 (12,602)
Carrying
(fair) value at end ofyear		 3,610,626 2,843,455
College
Carrying
(fair) value at beginning
of period		 2,&44,456 2,919,519
Add: additions to investments
during		 period 377,833 817,106
Less: disposals at carrying value (401,152) (741,057)
Add/ (deduct): net gain/ (loss) on revaluation 743,676 (138,510)
Dealing account 46,815 (12,602)
Carrying
(fair) value at end ofyear		 3,611,627 2,844,456
Analysis ofinvestments Analysis ofinvestments Analysis ofinvestments
2021 2020
Fair Fair
value Book cost value Bookcost
E E f f
Cash or cash equivalents 111,112 111,112 64,297 64,297
Listed investments 3,499,514 2,465,425 2,779,158 2,438,727
Investment in trading subsidiaries 1,001 1,001 1,001 1,001
3,611,627 2,577,538 2,844,455 2,504,025
The investment porffolio is split between unrestricted, restricted and endowment funds. The ratios
ofthe portfolio can be seen below:
2021 2020
'Yo
Unrestricted 49 49
Endowment 22 22
Restricted 29 29
100

2021f 2020
f
Profit and Loss Account
Turnover 1127687 21,148
Recharges to Christ College Brecon 2,171 10,303
Expenditure
Recharges from		 Christ College Brecon (47,166)
~66227		 (3,762)
~56514
Profit for year 14575 (28,825)
Statement ofChanges in Equity
Balance brought forward (25,253) 3,572
Profit and total comprehensive income forthe period 14,575 (28,825)
Distributions
to		 parent charity under gift aid
Balance carffied forward ~10678 525.2533
Balance Sheet
Current assets
Current
liabilities		 42,365
~53645		 19,563
~44816
Capital and reserves (10,678) (25,253)

2021 2020
6 E
Profit and Loss Account
Turnover 163,043 163,043
Expenditure (155,921) (151,229)
Recharges to Christ College Brecon
Management
charge from Christ College Brecon		 (30,460)
~22 000
(Loss)/profit for year 7 123 (30,646)
Statement ofChanges
in Equity
Balance brought forward (30,645) 1
Profit and total comprehensive income forthe period 7,123 (30,646)
Distributions
to parent charity under gift aid
Balance carried forward		 ~25 522 i30,6451
Balance Sheet
Fixed and current assets
Current
liabilities		 750
~24 272		 2,940
~33 535
Capital and reserves (23,522) (30,645)
CHRIST COLLEGE BRECON CHRIST COLLEGE BRECON
NOTES TOTHE CONSOLIDATED
FINANCIAL		 STATEMENTS
FOR THE YEAR ENDED 31AUGUST 2021
16. STOCKS
Group 2021f 2020
f
Goods for resale:
Opening
balance		 13,666 18,684
Added
in pedod
Expensed
in period		 4,576
~7722		 3,859
~8877
Closing balance 10,520 13,666
17. DEBTORS
Group College
2021 2020 2021 2020
f f f f
Trade debtors 6,937 1,199,998 3,166 1,208,931
Prepayments and accrued income 127,920 179,037 127,920 169,980
VATdebtor 653
Balances due from group
undertakings 62058 55439
135,510 1,379,035 193,144 1,434,350
18. CASH AT BANK AND IN HAND
Group College
2021 2020 2021 2020
f f f
Short term deposits 1,009,010 608,616 1,009,010 608,616
Cash at bank and on hand 2 125 302 2 798802 2097214 2 79D 932
3134092 3,407,418 ~,1D6,224 3,399,548
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group College
2021f 2020f 2021
f		 2020
f
Bank loans 44,509 72,128 44,509 72,128
Trade creditors 169,854 158,377 158,107 147,823
Accruals and deferred income 987,702 2,531,943 984,192 2,528,593
Taxation and social security 65,885 65,314 65,885 65,314
Other creditors 130442 133790 138442 125574
1,406,392 2,961,552 1,391,135 2,939,432

Group and College
2021 2020
f f
Bankloans 1,086,206 1,922,466
Deferred income 121,152 135,524
Other creditors 1D622 26 D38
1,217,979 2,084,048

G~GD
II		 G~GD
II		 2021f 2020
f
Balance at the start ofthe reporting period 2,607,325 2,898,900
Amounts added
in current period		 6,459,930 8,031,526
Amounts released to income from previous periods ~8638464 j88323IDI
Balance at the end ofthe reporting period 1,007,791 2,607,325

Advance fees Final term deposits Michaelmas term fees
2021 2020 2021 2020 2021 2020
0~hi 00 E E E E E
Within
Within		 1year
2-5 years		 136,450
~7000		 203,986
24000		 83,538
~114152		 57,791
111524		 666,651 2,210,024
143,450 227,986 197,690 169,315 666,651 2,210,024

he amount repayable on the bank loan is as follows:
2021 2020
E E
Repayable within one year 44,509 72,128
Repayable between two and five years 178,036 383,230
Repayable in more than five years 900170 1539230
1130715 1994594

The net book value offixed assets held under hire purchase
f33,029(2020:f47,043).		 The net book value offixed assets held under hire purchase
f33,029(2020:f47,043).		 contracts during the year tota lled
Net obligations
payable:
2021f 2020
f
Repayable within one year 12,937 19,493
Repayable between two and five years 10621 26056
23,558 45,551

At 1 At
September Gains and 31August
Group and College 2020
f		 Income Expendituref Transfers losses 2021f
Black Cat 51,334 987 (987) 13,034 64,368
OBA award 195,653 3,762 (3,762) 49,676 245,329
Dr Herdman fund 206,986 3,980 (3,980) 52,553 259,539
Edward
Edwards		 46,198 888 (888) 11,730 57,928
Sundry 110,784 2.132 (2,132) 28,127 138,911
The Friends ofChrist
College Fund		 28991 ~57 ~557 7861 96552
639,946 12,306 (12,306) 162,481 802,427
At 1 At
September Gains and 31August
Group and College 2019
f		 Income
f		 Expenditure
E		 Transfers losses
f		 2020
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 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 30822 638 1193 28 991
636,085 44,272 (14,088) (26,323) 639,946

At 1 At
September Gains and 31August
2020 Income Expenditure Transfers losses 2021
Group and College E E E E
Scholarship
funds		 143,281 2,585 (2,585) 34,285 177,566
Prize funds 50,126 1,106 (1,106) 14,473 64,599
Foundation
-general		 142,663 26,982 4,263 34,137 208,045
Sir Barrie and Lady
Stephens
scholarship
fund 277,474 5,005 (5,005) 66,395 343,869
Chapel repair fund 613 613
Peter Lloyd bequest 198,119 3,574 (3,574) 47,407 245,526
Powell Donation 19,105 345 (345) 4,571 23,676
Kelvin Bryan bursary
Pavilion Project		 57,805 1,043
10180		 (1,043)
~1M		 13,832 71,637
10ODtt
889,186 50,820 (9,575) 215,100 1,145,531

At 1 At
September Gains and 31August
Group and College 2019f Income
f		 Expenditure
f		 Transfers
f		 losses
f		 2020
f
Scholarship funds 149,996 3,047 (3,047) (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
Kelvin Bryan bursary		 20,000
60514		 406
1229		 (406)
~1225		 (895)
~2709		 19,105
52 555
917,343 119,530 (106,223) (41,464) 889,186

At 1 At
September Gains and 31August
Group 2020
E		 Income
E		 Expenditure
E		 Transfers
f		 losses
f		 2021
f
Foundation 1,570,252 366,095 1,936,347
Generalfunds 1D924 71D 7051071 J66534 302 11441589
12,494,962 7,051,071 (6,534,392) 366,095 13,377,736
College
Foundation 1,570,252 366,095 1,936,347
General funds 10981610 6 775 541 23628D 858 11476 ~90
12,551,862 6.775,341 (6,260,3587 366,095 13,412,940
At 1 At
September Gains and 31August
2019 Income Expenditure Transfers losses 2020
Group f f E E E E
Foundation 1,640,975 (70,723) 1,570,252
General funds 10 14426D 7428932 ~6648 482 ~20 92471
11,785,235 7,428,932 (6,648,482) (70723) 12494962
College
Foundation
General funds		 1,640,975
~20 14 687		 ~8 741 ~6426 818 (70,723) 1,570,252
1tt2902 10
11,782,662 7,256,741 (6,416,818) (70,723) 12,551,862

NALYSIS OF NET ASSE TSBETWEEN FU NDS
Net current Long term
Fixed assets Investments assets liabilities Total
Group f f f
Endowment
funds		 802,427 802,427
Restricted funds 1,144,918 613 1,145,531
Unrestricted funds:
General funds 11059017 1660201 1073417 ~2217979 13377736
11,059,017 3,610,626 1,874,030 (1,217,979) 15,325,694
College
Endowment
funds		 802,427 802,427
Restricted funds 1,144,918 613 1,145,531
Unrestricted funds:
General funds 11059017 1664202 1907620 ~2227979 1341294D
11,059,017 3,611,627 1,908,233 (1,217,979) 15,360,898
Net current Long term
Fixed assets Investments assets liabilities Total
Group f f f f f
Endowment
funds		 639,946 639,946
Restricted funds 888,573 613 889,186
Unrestricted funds:
General funds 11426 12D 1314936 1837954 ~2004 048 12494 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		 11426120 M323SLP ~23 053 ~2004 D48 12551862
11,426,120 2,844,456 1,894,466 (2,084,048) 14,080,994

1. RECONCIUATION
OF		 NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2021 2020
Group f f
Net income forthe reporting
period		 1,301,600 685,431
Adjustments
for:
Depreciation
charges		 541,488 541,275
(Gains)/losses
on investments		 (743,676) 138,510
Dividends,
interest		 and rents from investments (57,255) (71,269)
Loss/(profit)
on the		 sale offixed assets 2,480
(Increase)/decrease in stocks 3,146 5,018
Increase
in debtors		 1,243,525 168,590
Increase/(decrease) in creditors ~2 ~35357 ~298 119
Net cash provided by operating
activities		 7559~1 1,169,436
Analysis ofcash and cash equivalents
Cash in hand 2,125,382 2,798,802
Notice deposits (less than 3 months) 1 DDD D1D 608616
Total Cash and Cash Equivalents 3,134,392 3,407,418
Anal
sisofchan
esinnetdebt
Other Balance
Opening Interest non-cash carried
balancef Cash-flows
f.		 changes
f		 changes
f		 forward
f
Cash 2,798,802 (673,420) 2,125,382
Cash equivalents 608616 ~400 394 1009010
3,407,418 (273,022) 3,134,392
Bank loans falling due within
one year		 (72,128) 27,619 (44,509)
Bank loans falling due after
more than one year
Finance lease obligations		 (1,922,466)
~45 551		 781,888
21993		 81,991 (27,619) (1,086,206)
~25 558
Total 1,367,273 530,855 81,991 1,980,119

Unrestricted Restricted Endowment Total
Garou funds funds funds 2020
f f f f
Income and endowments from:
Donations
and legacies		 9,204 100,714 30,184 140,102
Charitable
activities		 7,100,039 7,100,039
Other trading activities 85,847 85,847
Christ College Holiday Activities Limited 21,148 21,148
1541Limited 163,043 163,043
Investments 38,365 18,816 14,088 71,269
Other income 11286 11286
Total income and endowments 7 428 932 11953D 44272 7 592 734
Expenditure
on:
Charitable
activities		 6,493,491 106,223 14,088 6,613,802
Christ College Holiday Activities Limited 3,762 3,762
1541Limited 151229 151229
Total expenditure 6648482 196223 14D88 6 768 793
Net (losses)/gains
oninvestments		 70723 41464 26323 138510
Net movement
infunds		 709,727 (28,157) 3,861 685,431
Reconciliation
ofFunds
Total funds brought
forward		 11785 235 917343 636 985 13338663
Totalfunds carried forwani 12494962 889,186 639,946 14,024,094

Unrestricted Restricted Endowment Total
College funds
f		 funds
E		 funds
f		 2020
f
Income and endowments from:
Donations
and legacies		 9,204 100,714 30,184 140,102
Charitable
activities		 7,100,039 7,100,039
Other trading activities 97,847 97,847
Investments 38,365 18,816 14,088 71,269
Other income 11,286 11,286
Total income and endowments 7 256 741 119530 44272 7 420 543
Expenditure
on:
Charitable
activities		 6416818 106223 14D88 6 537129
Total expenditure 6416818 106223 14D88 6537129
Net (losses)/gains
an
investments		 ~70723 ~42 464 ~26323 ~238510
Net movementin
funds		 769,200 (28,157) 3,861 744,904
Reconciliation of Funds
Total funds brought
forward		 11782662 917343 636085 13336 D90
Totalfunds carried forward 12551862 889,186 639,946 14,080,994