||Contents|
|---|---|
|Report ofthe Governors||
|Report ofthe Independent|Auditors|
|Statement of Financial Activities||
|Balance Sheet||
|Statement ofCash Flows||
|Notes to the Consolidated|Financial Statements|





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|Bankers||Lloyds Bank pic|Lloyds Bank pic|||
|---|---|---|---|---|---|
|||Beaumont|Hourse|||
|||Phoenix Way||||
|||Swansea|Enterprise||Park|
|||Swansea||||
|||SA7 9DL||||
|Solicitors||Redkite||||
|||48 Free Street||||
|||Brecon||||
|||LD3 7BN||||
|Insurance|brokers|Creative<br>Risk Solutions||||
|||Pod 1||||
|||Capital Shopping||Park||
|||Leckwith|Road|||
|||Cardiff||||
|||CF118EG||||
|Auditors||Azets Audit Services||||
|||Ty Derw||||
|||Lime Tree|Court|||
|||Cardiff Gate Business|||Park|
|||Cardiff||||
|||CF23 8AB||||
|Investment|advisors|||||





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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|funds<br>f|funds<br>f|funds<br>f|2022<br>f|2021<br>f|
|Income and endowments|from:|||||||
|Donations<br>and legacies<br>Charitable<br>activities<br>Other trading activities<br>Christ<br>College<br>Holiday|Activities||21,628<br>7,384,809<br>121,744|98,908|1,000|121,536<br>7,384,809<br>121,744|40,520<br>6,638,535<br>89,681|
|Limited<br>1541Limited<br>Investments<br>Other income<br>Totalincome<br>and endowments||15<br>15<br>6<br>7|176,966<br>163,043<br>39,397<br>7,907,587|21,070<br>119,978|13,428<br>14,428|176,966<br>163,043<br>73,895<br>8,041,993|112,687<br>163,043<br>57,255<br>12,476<br>7,114,197|
|Expenditure<br>on:||||||||
|Charitable<br>activities<br>Christ<br>College<br>Holiday|Activities||7,104,783|27,341|14,428|7,146,552|6,353,186|
|Limited<br>1541Limited<br>Total expenditure||15<br>15|56,306<br>75,899<br>7,236,988|27,341|14,428|56,306<br>75,899<br>7,278,757|47,166<br>155,921<br>6,556,273|
|Net gains/(losses)<br>oninvestments<br>Net movementin<br>funds||14|(167,070)<br>503,529|(89,996)<br>2,641|(59,673)<br>(59,673)|(316,739)<br>446,497|743,676<br>1,301,600|
|Reconciliation<br>ofFunds||||||||
|||22,||||||
|Total funds brought<br>forward<br>Totalfunds carried forward||23,24<br>25|13,377,736<br>13,881,265|1,145,531<br>1,148,172|802,427<br>742,754|15,325,694<br>15,772,191|14,024,094<br>15,325,694|





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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|funds|funds|funds|2022|2021|
||||f|E|f|f|f|
|Income and endowments||||||||
|from:||||||||
|Donations<br>and legacies|||21,628|98,908|1,000|121,536|40,520|
|Charitable<br>activities|||7,384,809|||7,384,809|6,638,535|
|Other trading activities|||121,744|||121,744|89,681|
|Investments|||134,825|21,070|13,428|169,323|57,255|
|Other income|||||||12476|
|Totalincome and endowments|||7,663,006|119,978|14,428|7,797,412|6,838,467|
|Expenditure<br>on:||||||||
|Charitable<br>activities|||7,030,181|27,341|14,428|7,071,950|6,302,239|
|Total expenditure|||7,030,181|27,341|14,428|7,071,950|6,302,239|
|Net gains!(losses) on||||||||
|investments||14|(167,070)|(89,996)|(59,673)|(316,739)|743,676|
|Net movement in funds|||465,755|2,641|(59,673)|408,723|1,279,904|
|Reconciliation<br>of Funds||||||||
|||22||||||
|Total funds brought|forward|23,24|13,412,940|1,145,531|802,427|15,360,898|14,080,994|
|Totalfunds carried|forward|25|13,878,695|1,148,172|742,754|15,769,621|15,360,898|





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||||2022|2021|
|---|---|---|---|---|
|||Note|||
|Fixed assets:|||||
|Tangible assets<br>Investments||13<br>14|10,840,764<br>4,468,522|11,059,017<br>3,610,626|
||||15,309,286|14,669,643|
|Current assets:|||||
|Stocks||16|11,097|10,520|
|Debtors||17|132,182|135,510|
|Cash at bank and in|hand|18|3,250,831|3,134,392|
||||3,394,110|3,280,422|
|Liabilities:|||||
|Creditors: Amounts|falling due||||
|within one year||19|(1,826,169)|(1,406,392)|
|Net current assets|||1,567,941|1,874,030|
|Total assets less current liabilities|||16,877,227|16,543,673|
|Creditors: Amounts|falling due||||
|after more than one|year|20|(1,105,036)|(1,217,979)|
|Total net assets||25|15,772,191|15,325,694|
|The funds ofthe group:|||||
|Endowment<br>funds<br>Restricted<br>income funds<br>Unrestricted<br>funds||22<br>23<br>24|742,754<br>1,148,172<br>13,881,265|802,427<br>1,145,531<br>13,377,736|
|Total charity funds||25|15,772,191|15,325,694|





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|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets:||||||||
|Tangible assets|||13||10,840,764||11,059,017|
|Investments|||14||4,469,523||3,611,627|
||||||15,310,287||14,670,644|
|Current assets:||||||||
|Debtors|||17|281,299||193,144||
|Cash at bank and in hand|||18|3,050,800||3,106,224||
|||||3,332,099||3,299,368||
|Liabilities:||||||||
|Creditors: Amounts|falling due|||||||
|within one year|||19|(1,767,729)||(1,391,135)||
|Net current assets|||||1,564,370||1,908,233|
|Total assets less current||liabilities|||16,874,657||16,578,877|
|Creditors: Amounts|falling due|||||||
|after more than one year|||20||(1,105,036)||(1,217,979)|
|Total net assets|||25||15,769,621||15,360,898|
|The funds ofthe charity:||||||||
|Endowment<br>funds|||22||742,754||802,427|
|Restricted<br>income funds|||23||1,148,172||1,145,531|
|Unrestricted<br>funds|||24||13,878,695||13,412,940|
|Total charity funds|||25||15,769,621||15,360,898|





## 

||||||Note|2022|2021|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Net cash provided<br>by operating<br>activities|||||31|1,893,247|755,951|
|Cash flows from investing|activitiesi|||||||
|Dividends,<br>interest and rents from investments<br>Purchase of property<br>plant and equipment<br>Proceeds from sale of investments<br>Purchase of investments<br>Net cash used in investing<br>activities|||||6<br>13<br>14|73,745<br>(309,725)<br>870,617<br>(2,045,252)<br>(1,410,615)|57,255<br>(176,865)<br>354,338<br>(377,833)<br>(143,105)|
|Cash flows from financing|acti vi desi|||||||
|Repayments<br>ofborrowing<br>Net cash used in financing|activities|||||(366,193)<br>(366,193)|(885,872)<br>(885,872)|
|Change<br>in cash and cash equivalents||in the|reporting|period||116,439|(273,026)|
|Cash and cash equivalents|at the beginning||ofthe reporting|||||
|period||||||3,134,396|3,407,418|
|Cash and cash equivalents|at the end|ofthe|reporting|period|31|3,250,835|3,134,392|





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||Additions<br>from<br>1September 2000|Additions<br>up to<br>31August 2000|
|---|---|---|
|Freehold<br>land and buildings|Over 15-30years|Over 50years|
|Furniture<br>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<br>pitch|Over 10-50years||



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|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|2022|2021|
||Group and||College|f|E|f|||
||Donations||and gifts|21,628|98,908|1,000|121,536|40,520|
|||||21,628|98,908|1,000|121,536|40,520|
|4.|INCOME FROM CHARITABLE|||ACTIVITIES|||||
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|funds|funds|2022|2021|
||Group and||College||||||
||Fees and other fees||||||||
||receivable|||7,163,080|||7,163,080|6,391,782|
||Grant income|||||||210,077|
||School trip||income|179,626|||179,626|10,985|
||Registration||fees|27,859|||27,859|18,718|
||Examination||fees|11,195|||11,195|4,389|
||Insurance|commissions||3,049|||3,049|2,584|
|||||7,384,809|||7,384,809|6,638,535|



## 

||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f|f|
|Gross fees|||||8,904,306|8,059,464|
|Less: total scholarships,||bursaries|and remissions||(1,741,250)|(1,671,281)|
|Add back: scholarships,||prizes, etc. paid for by restricted||funds,|||
|scholarships|paid for by outside trusts||||25|3,599|
||||||7,163,081|6,391,782|
|The total scholarships,||prizes, etc.|paid for by trust funds|consist of:|||
||||||2022|2021|
||||||f|E|
|Scholarships,|etc.|||||3,549|
|Prizes|||||25|50|
||||||25|3,599|





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|Gross fees receivable<br>may b|e analysed<br>by th|e follow|ing:||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f|f|
|Boarders|||||4,703,001|4,566,329|
|Flexible boarders|||||808,360||
|Dayboarders|||||147,527||
|Day pupils|||||3,072,878|3,345,688|
|Music and drama tuition|||||47,095|50,112|
|EAL income<br>Other fee income|||||19,100<br>92,697|19,454<br>30,870|
|Pupil hosting scheme|||||13,672|47,011|
||||||8,904,330|8,059,464|
|Pupil numbers<br>are calculated|as the average|number|in each|category over the school year:|||
||||||2022|2021|
||||||No|No|
|Boarders|||||153|165|
|Flexible boarders|||||32||
|Day pupils|||||185|203|
||||||370|368|
|INCOME FROM OTHER TRADING ACTIVITIES|||||||
||Unrestricted|Restricted||Endowment|Total|Total|
|Group and College|fundsf||funds<br>f|funds<br>f|2022f|2021<br>f|
|Rent|15,250||||15,250|17,606|
|Wayleave|94||||94|94|
|Minibus<br>income|106,400||||106,400|71,510|
|Milk subsidy||||||471|
||121,744||||121,744|89,681|



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|INCOME|FROM INVESTMEN|TS|||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|2022|2021|
|Group||f|f|f|f|f|
|Interest|income|150|||150|536|
|Dividend|income|39,247|21,070|13,428|73,745|56,719|
|||39,397|21,070|13,428|73,895|57,255|
|Charity|||||||
|Interest|income|150|||150|536|
|Dividend|income|39,247|21,070|13,428|73,745|56,719|
|Gift aid|from subsidiaries|95,428|||95,428||
|||134,825|21,070|13,428|169,323|57,255|
|INCOME|FROM OTHER SOURCES||||||
|||Unrestricted|Restricted|Endowment|Total|Total|
|Group and College||funds<br>f|funds<br>f|funds<br>f|2022f|2021<br>f|
|Sundry income||||||12,476|
|||||||12,476|





|||||||Total||
|---|---|---|---|---|---|---|---|
|College||Staff|costs<br>f|Other<br>f|Depreciation<br>f|2022<br>f|2021<br>f|
|Teaching costs||2,477,584||654,077|51,783|3,183,444|2,885,119|
|School trip expenditure||||173,086||173,086|3,295|
|Welfare||251,429||721,221|11,169|983,819|806,528|
|Premises||606,619||744,650|444,721|1,795,990|1,784,057|
|Admin||468,552||328,113|20,307|816,972|742,905|
|Financing<br>and other costs||||48,056||48,056|57,405|
|Governance<br>costs||||70,583||70,583|22,930|
|||3,804,184||2,739,786|527,980|7,071,950|6,302,239|
|Other expenditure<br>consists of:||||||2022f|2021<br>f|
|College||||||||
|Advertising,<br>marketing||and publicity||||118,028|121,621|
|Audit and accountancy||fees||||16,620|15,660|
|Bank interest, charges|and fees|||||84,445|81,991|
|Catering costs||||||269,785|184,912|
|Cleaning<br>and laundry||||||12,629|9,902|
|Commissions<br>paid||||||78,289|67,659|
|Equipment<br>hire||||||1,251|879|
|Staff expenses<br>and travel||||||60,187|6,798|
|Functions||||||23,191|12,724|
|House supplies||||||12,344|12,658|
|Insurance||||||70,326|56,718|
|ITcosts||||||137,212|86,233|
|Legal and professional|fees|||||124,869|59,304|
|Printing,<br>postage and stationery||||||46,380|26,966|
|Prizes||||||3,554|2,575|
|Productions||||||11,452|11,788|
|Recruitment||||||25,589|27,463|
|Rent, rates, water and|utilities|||||358,935|325,101|
|Repairs and maintenance||||||659,401|662,953|
|School travel||||||70,606|30,990|
|School trip expenditure||||||173,086|3,295|
|Subscriptions||||||21,493|21,589|
|Teaching and sports supplies||||||161,505|139,804|
|Telephone||||||28,397|27,460|
|Training||||||15,374|14,501|
|Transport||||||154,838|114,045|
|Loss on disposal offixed||assets|||||2,480|
|||||||2,739,786|2,128,069|





## 

|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|Group|Staff|costs<br>f|Other<br>f|Depreciation|f|2022f|2021<br>f|
|Teaching costs|2,477,584||654,077|51,783||3,183,444|2,885,119|
|School trip expenditure|||173,086|||173,086|3,295|
|Welfare|251,429||721,221|11,169||983,819|806,528|
|Premises|606,619||744,650|444,721||1,795,990|1,784,057|
|Admin|543,153||328,114|20,307||891,574|793,852|
|Financing<br>and other costs|||48,056|||48,056|57,405|
|Governance<br>costs|||70,583|||70,583|22,930|
||3,878,785||2,739,787|527,980||7,146,552|6,353,186|
|||||||2022|2021|
|Other expenditure<br>consists of:|||||||f|
|Group||||||||
|Advertising,<br>marketing|and publicity|||||118,028|121,621|
|Audit and accountancy|fees|||||16,620|15,660|
|Bank interest, charges|and fees|||||84,445|81,991|
|Catering costs||||||269,785|184,912|
|Cleaning<br>and laundry||||||12,629|9,902|
|Commissions<br>paid||||||78,289|67,659|
|Equipment<br>hire||||||1,251|879|
|Staff expenses<br>and travel||||||60,187|6,798|
|Functions||||||23,191|12,724|
|House supplies||||||12,344|12,658|
|Insurance||||||70,326|56,718|
|ITcosts||||||137,212|86,233|
|Lega I and professiona|Ifees|||||124,869|59,304|
|Printing,<br>postage and|stationery|||||46,380|26,966|
|Prizes||||||3,554|2,575|
|Productions||||||11,452|11,788|
|Recruitment||||||25,589|27,463|
|Rent, rates, water and|utilities|||||358,935|325,101|
|Repairs and maintenance||||||659,401|662,953|
|School travel||||||70,606|30,990|
|Subscriptions||||||21,494|21,589|
|School trip expenditure||||||173,086|3,295|
|Teaching and sports supplies||||||161,505|139,804|
|Telephone||||||28,397|27,460|
|Training||||||15,374|14,501|
|Transport||||||154,838|114,045|
|Loss on disposal offixed assets|||||||2,480|
|||||||2,739,787|2,128,069|





## 

||Fees for examination|Fees for examination|ofthe accounts:|ofthe accounts:|ofthe accounts:|||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||||2022|2021|
||Group|||||f|f|
||Auditors fees<br>Other fees|||||17,210<br>3,410|15,660<br>3,410|
||College|||||||
||Auditors fees|||||13,210|12,250|
||Other fees|||||3,410|3,410|
|10.|GOVERNANCE|COSTS||||||
||Governance<br>costs incurred||||during the year relate to:|||
|||||||2022|2021|
||Group|||||f|f|
||Legal and professional|||fees||49,963|7,270|
||Audit and accountancy|||fees||20,620|19,070|
||College|||||||
||Lega I and professional|||fees||49,963|7,270|
||Audit and accountancy|||fees||16,620|15,660|





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||2022|2021|
|---|---|---|
|Group and College|E|f|
|Wages and salaries|3,032,739|2,880,994|
|Socia I security costs|288,115|263,710|
|Pension costs - teaching|410,535|393,393|
|Pension costs —non-teaching|147,396|145,532|
||3,878,785|3,683,629|



|2022|2021|
|---|---|
|No|No|





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|||||||||||||||||||||||Qf<br>Q'|
|||||||||||||||||||||||v<br>I/l<br>C|
|||||||||||||||||||||||Qf|
|||||||||||||||||||||||E v|
|||Z<br>O<br>X<br>CO<br>Z<br>I|||Of00<br>Of<br>0<br>Cl0C<br>IU<br>O.<br>0<br>U|0<br>4J|EV<br>fV<br>L<br>EU<br>S2<br>E<br>Qf<br>Qf <br>I/)|Ih<br>C<br> 0<br>VI<br>IU<br>It)00.<br>O||Qf<br>C<br>IDI-|PVo<br>CV<br>bO0<br>m<br>Z||C0<br>ID<br>Ef<br>Of<br>CL<br>QfO|fVo<br>L<br>IU<br>Qf<br>Qf<br>cL'|ID<br>Qf<br>I0<br>Qf<br>bO<br>iD<br>I/I<br>ID<br>lA0<br>Eh<br>CI||fV<br>PV<br>C&<br>fV<br>bO<br>m<br>«I:||Of<br>IU<br>00<br>OfZ|IV<br>lVo<br>fV<br>btf<br>O<br>«(<br>m|PV<br>C)<br>btf<br>CVl|Vl<br>0<br>Qf<br>Qf<br>Ill<br>iD<br>C<br>I/I<br>hO~<br>C 0<br>'0<br>0<br>0 00<br>Qf|
|||||||||||||||||||||||O<br>CU|
|||||||||||||||||||||||C<br>I- 0|





## 

## 

## 

||Total|Total|
|---|---|---|
||2022|2021|
||No|No|
|Teaching|49|49|
|Support|40|34|
|Estate|19|20|
|Domestics|23|24|
||131|127|





## 

## 

## 

|FIXEDASSET INVESTMENTS|||||
|---|---|---|---|---|
||||2022|2021|
|Group|||f|f|
|Carrying<br>(fair) value at beginning|of period||3,610,626|2,843,455|
|Add: additions to investments<br>during||period|2,045,252|377,833|
|Less: disposals at carrying value<br>Add/(deduct):<br>net gain/(loss)<br>on|revaluation||(960,546)<br>{316,739)|(401,152)<br>743,676|
|Dealing account|||89,929|46,814|
|Carrying<br>(fair) value at end ofyear|||4,468,522|3,610,626|
|College|||||
|Carrying<br>(fair) value at beginning<br>ofperiod|||3,611,627|2,844,456|
|Add: additions to investments<br>during||period|2,045,252|377,833|
|Less: disposals at carrying value<br>Add/ (deduct): net gain/ (loss) on|revaluation||(960,546)<br>(316,739)|(401,152)<br>743,676|
|Dealing account|||89,929|46,815|
|Carrying<br>(fair) value at end ofyear|||4,469,523|3,611,627|



## 

|Analysis of|investment|s|||||
|---|---|---|---|---|---|---|
||||2022||2021||
||||Fair||Fair||
||||value|Bookcost|value|Book cost|
||||f|f|f|f|
|Cash or cash equivalents|||202,073|202,073|111,112|111,112|
|Listed investments|||4,266,449|3,689,733|3,499,514|2,465,425|
|Investment|in trading|subsidiaries|1,001|1,001|1,001|1,001|
||||4,469,523|3,892,807|3,611,627|2,577,538|



|ofthe portfolio can be seen below:|,<br><br> <br>uns.|e ratos|
|---|---|---|
||2022|2021|
||96||
|Unrestricted|55|49|
|Endowment|16|22|
|Restricted|29|29|
|||100|





## 

## 

## 

## 

||||2022|2021|
|---|---|---|---|---|
||||E|E|
|Profit and Loss Account|||||
|Turnover|||176,966|112,687|
|Recharges to Christ College Brecon|||3,049|2,171|
|Expenditure|||3,254|(47,166)|
|Recharges from Christ|College Brecon||(49,899)|(53,117)|
|Profit for year|||133,370|14,575|
|Statement ofChanges|in Equity||||
|Balance brought forward|||(11,678)|(25,253)|
|Profit and total comprehensive||income for the period|133,370|14,575|
|Distributions<br>to parent|charity under gift aid||(59,560)||
|Balance carried forward|||62,132|(10,678)|
|Balance Sheet|||||
|Current assets|||170,962|42,365|
|Current<br>liabilities|||(167,390)|(53,043)|
|Capital and reserves|||3,572|(10,678)|





## 

## 

## 

||||2022|2021|
|---|---|---|---|---|
||||f|E|
|Profit and Loss Account|||||
|Turnover|||163,043|163,043|
|Expenditure|||(40,030)|(155,921)|
|Recharges to Christ College Brecon|||(27,751)||
|(Loss)/profit for year|||95,262|7,123|
|Statement ofChanges|in Equity||||
|Balance brought<br>forward|||(23,522)|(30,645)|
|Profit and total comprehensive||income for the period|95,262|7,123|
|Distributions<br>to parent|charity under gift aid||(35,869)||
|Balance carried forward|||35,871|(23,522)|
|Balance Sheet|||||
|Fixed and current assets|||65,471|750|
|Current<br>liabilities|||(65,470)|(24,272)|
|Capital and reserves||||(23,522)|





## 

|16.|STOCKS|||||||
|---|---|---|---|---|---|---|---|
||Group|||||2022f|2021<br>f|
||Goods for resale:|||||||
||Opening<br>balance|||||10,520|13,666|
||Added<br>in period|||||4,868|4,576|
||Expensed<br>in period|||||(4,291)|(7,722)|
||Closing balance|||||11,097|10,520|
|17.|DEBTORS|||||||
|||||Group||College||
|||||2022|2021|2022|2021|
|||||f|f|f|f|
||Trade debtors|||11,144|6,937|(12,818)|3,166|
||Prepayments|and accrued income||121,038|127,920|121,038|127,920|
||VAT debtor||||653|||
||Balances due|from group||||||
||undertakings|||||173,079|62,058|
|||||132,182|135,510|281,299|193,144|
|18.|CASH AT BANK AND IN||HAND|||||
|||||Group||College||
|||||2022|2021|2022|2021|
|||||f|f|f|f|
||Short term deposits||||1,009,010||1,009,010|
||Cash at bank|and on hand||3,250,831|2,125,382|3,050,800|2,097,214|
|||||3,250,831|3,134,392|3,050,800|3,106,224|
|19.|CREDITORS: AMOUNTS||FALLING DUE|WITHIN ONE YEAR||||
|||||Group||College||
|||||2022f|2021<br>f|2022<br>f|2021<br>f|
||Bank loans|||30,720|44,509|30,720|44,509|
||Trade creditors|||138,627|169,854|97,664|158,107|
||Accruals and deferred||income|1,494,026|987,702|1,490,326|984,192|
||Taxation and|social security||88,070|65,885|74,293|65,885|
||Other creditors|||74,726|138,442|74,726|138,442|
|||||1,826,169|1,406,392|1,767,729|1,391,135|





## 

## 

||Group and|College|
|---|---|---|
||2022|2021|
||f|E|
|Bank loans|749,307|1,086,206|
|Deferred income|355,729|121,152|
|Other creditors||10,621|
||1,105,036|1,217,979|



## 

## 

## 

||||||2022|2021|
|---|---|---|---|---|---|---|
|Grou|and Colle e||||f|f|
|Balance||at the start ofthe reporting|period||1,007,791|2,607,325|
|Amounts||added<br>in current period|||9,506,366|6,459,930|
|Amounts||released to income from|previous|periods|(8,904,306)|(8,059,464)|
|Balance||at the end ofthe reporting|period||1,609,851|1,007,791|





## 

## 

||Advance|fees|Final term|deposits|Michaelmas|term fees|
|---|---|---|---|---|---|---|
||2022|2021|2022|2021|2022|2021|
|Chari<br>and Grou|f|f|f|f|f|f|
|Within 1year|296,776|136,450|69,702|83,538|887,644|666,651|
|Within 2-5 years|111,000|7,000|155,579|114,152|||
|After 5years|||89,150||||
||407,776|143,450|314,431|197,690|887,644|666,651|



## 

|he amount|repayable<br>on the bank loan is as follows:|||
|---|---|---|---|
|||2022|2021|
|||f|f|
|Repayable|within one year|30,720|44,509|
|Repayable|between two and five years|122,880|178,036|
|Repayable|in more than five years|626,427|908,170|
|||780,027|1,130,715|





## 

## 

||||2022|2021|
|---|---|---|---|---|
||||f|f|
|Repayable<br>Repayable|within one year<br>between<br>two and five years||8,053|12,937<br>10,621|
||||8,053|23,558|





## 

## 

||||||||2022f|2021<br>f||
|---|---|---|---|---|---|---|---|---|---|
||Due|within one year|||||648|648||
||||||||648|648||
|22.|ENDOWED FUNDS|||||||||
||||At 1||||||At|
||||September||||Gains and|31August||
||||2021|Income|Expenditure|Transfers|losses||2022|
|Group|and|College|f|E|E|E|E||f|
|Black Cat|||64,368|1,077|(1,077)||(4,787)||59,581|
|OBA award|||245,329|4,105|(4,105)||(18,244)|227,085||
|Dr Herdman||fund|259,539|4,343|(4,343)||(19,301)|240,238||
|Edward|Edwards||57,928|969|(969)||(4,308)||53,620|
|Sundry|||138,911|2,326|(2,326)||(10,330)|128,581||
|The Friends||ofChrist||||||||
|College Fund|||36,352|1,608|(1,608)||(2,703)||33,649|
||||802,427|14,428|(14,428)||(59,673)|742,754||



|Previous<br>ea|r|||||||
|---|---|---|---|---|---|---|---|
|||At 1|||||At|
|||September||||Gains and|31August|
|Group and|College|2020<br>f|Income<br>E|Expenditure<br>f|Transfers<br>f|losses<br>f|2021<br>f|
|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<br>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||28,991|557|(557)||7,361|36,352|
|||639,946|12,306|(12,306)||162,481|802,427|





## 

## 

||At 1|||||At|
|---|---|---|---|---|---|---|
|Group and College|September<br>2021<br>f|Income<br>E|Expenditure<br>f|Transfers<br>f|Gains and<br>losses<br>f|31August<br>2022<br>E|
|Scholarship<br>funds<br>Prize funds<br>Foundation<br>—general<br>Sir Barrie and Lady|177,566<br>64,599<br>208,045|3,286<br>1,080<br>70,257|(3,286)<br>(1,080)<br>(7,620)||(14,034)<br>(4,612)<br>(16,444)|163,532<br>59,987<br>254,238|
|Stephens<br>scholarship|||||||
|fund<br>Chapel repair fund|343,869<br>613|6,363|(6,363)||(27,178)|316,691<br>613|
|Peter Lloyd bequest<br>Powell Donation<br>Kelvin Bryan bursary<br>Pavilion Project|245,526<br>23,676<br>71,637<br>10,000|4,543<br>438<br>1,326<br>32,685|(4,543)<br>(438)<br>(1,326)<br>(2,685)||(19,405)<br>(1,871)<br>(5,662)<br>(790)|226,121<br>21,805<br>65,975<br>39,210|
||1,145,531|119,978|(27,341)||(89,996)|1,148,172|





## 

## 

## 

|Previous<br>eor|||||||
|---|---|---|---|---|---|---|
||At 1|||||At|
||September||||Gains and|31August|
|Group and College|2020<br>f|Income<br>f|Expenditure<br>f|Transfers<br>f|lossesf|2021<br>f|
|Scholarship<br>funds|143,281|2,585|(2,585)||34,285|177,566|
|Prize funds|50,126|1,106|(1,106)||14,473|64,599|
|Foundation<br>-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|57,805|1,043|(1,043)||13,832|71,637|
|Pavilion Project||10,180|(180)|||10,000|
||889,186|50,820|(9,575)||215,100|1,145,531|





## 

## 

||At 1|||||At|
|---|---|---|---|---|---|---|
||September||||Gains and|31August|
|Group|2021<br>f|Income<br>E|Expenditure<br>E|Transfers<br>E|losses<br>E|2022<br>E|
|Foundation|1,936,347||||(167,070)|1,769,277|
|General funds|11,441,389|7,907,587|(7,236,988)|||12,111,988|
||13,377,736|7,907,587|(7,236,988)||(167,070)|13,881,265|
|College|||||||
|Foundation|1,936,347||||(167,070)|1,769,277|
|General funds|11,476,593|7,663,006|(7,030,181)|||12,109,418|
||13,412,940|7,663,006|(7,030,181)||(167,070)|13,878,695|



|Previous<br>eor|||||||
|---|---|---|---|---|---|---|
||At 1|||||At|
||September||||Gains and|31August|
|Group|2020<br>f|Income<br>f|Expenditure<br>E|Transfers<br>E|losses<br>f|2021<br>E|
|Foundation|1,570,252||||366,095|1,936,347|
|General funds|10,924,710|7,051,071|(6,534,392)|||11,441,389|
||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|10,981,610|6,775,341|(6,280,358)|||11,476,593|
||12,551,862|6,775,341|(6,280,358)|-|366,095|13,412,940|





## 

## 

|ANALYSIS OF|NET ASS|ETS BETWEEN FU|NDS||||
|---|---|---|---|---|---|---|
|||||Net current|Long term||
|||Fixed assets|Investments|assets|liabilities|Total|
|Group||f|f|f|f|f|
|Endowment|funds||742,754|||742,754|
|Restricted<br>funds|||1,147,560|612||1,148,172|
|Unrestricted|funds:||||||
|General<br>funds||10,840,764|2,578,208|1,567,329|(1,105,036)|13,881,265|
|||10,840,764|4,468,522|1,567,941|(1,105,036)|15,772,191|
|College|||||||
|Endowment|funds||742,754|||742,754|
|Restricted funds|||1,147,560|612||1,148,172|
|Unrestricted|funds:||||||
|General funds||10,840,764|2,579,209|1,563,758|(1,105,036)|13,878,695|
|||10,840,764|4,469,523|1,564,370|(1,105,036)|15,769,621|
|~Previous<br>eor|||||||
|||||Net current|Long term||
|||Fixed assets|Investments|assets|liabilities|Total|
|Group||f|f|f|f|f|
|Endowment|funds||802,427|||802,427|
|Restricted funds|||1,144,918|613||1,145,531|
|Unrestricted|funds:||||||
|Genera<br>I funds||11,059,017|1,663,281|1,873,417|(1,217,979)|13,377,736|
|||11,059,017|3,610,626|1,874,030|(1,217,979)|15,325,694|
|College|||||||
|Endowment|funds||802,427|||802,427|
|Restricted<br>funds|||1,144,918|613||1,145,531|
|Unrestricted|funds:||||||
|General funds||11,059,017|1,664,282|1,907,620|(1,217,979)|13,412,940|
|||11,059,017|3,611,627|1,908,233|(1,217,979)|15,360,898|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

|||||2022|2021|
|---|---|---|---|---|---|
|||||E|f|
|Carrying amount offinancial assets||||||
|Instruments|measured|at fair value through|profit or loss|4,468,522|3,610,626|
|||||4,468,522|3,610,626|





## 

## 

## 

|RECONCILIATION<br>OF NET INCOME/(EXPENDITURE)|TO NET CASH FLOW FROM OPERATING|TO NET CASH FLOW FROM OPERATING|
|---|---|---|
|ACTIVITIES|||
||2022|2021|
|Group|E|f|
|Net income for the reporting<br>period|446,497|1,301,600|
|Adjustments<br>for:|||
|Depreciation<br>charges<br>(Gains)/losses<br>on investments<br>Dividends,<br>interest and rents from investments<br>Loss/(profit)<br>on the sale offixed assets<br>(Increase)/decrease<br>in stocks<br>Increase<br>in debtors<br>Increase/(decrease)<br>in creditors<br>Net cash provided<br>by operating<br>activities|527,978<br>316,739<br>(73,745)<br>(577)<br>3,328<br>673,027<br>2,893,247|541,488<br>(743,676)<br>(57,255)<br>2,480<br>3,146<br>1,243,525<br>(1,535,357)<br>755,951|
|Analysis ofcash and cash equivalents|||
|Cash in hand<br>Notice deposits (less than 3months)<br>Total Cash and Cash Equivalents|3,250,833<br>3,250,833|2,125,382<br>1,009,010<br>3,134,392|
|Anal<br>sis ofchan es in net debt|||



|||||Other|Balance|
|---|---|---|---|---|---|
||Opening||Interest|non-cash|carried|
||balance<br>f|Cash-flows<br>f|changes<br>E|changes<br>E|forward<br>E|
|Cash<br>Cash equivalents|2,125,382<br>1,009,010|1,125,447<br>(1,009,010)|||3,250,829|
|Bank loans falling due within|3,134,392|116,437|||3,250,829|
|one year<br>Bank loans falling due after|(44,509)|||13,789|(30,720)|
|more than one year<br>Finance lease obligations<br>Total|(1,086,206)<br>(23,558)<br>1,980,119|266,243<br>15,505<br>398,185|84,445<br>84,445|(13,789)|(749,307)<br>(8,053)<br>2,462,749|





||FOR THE YEAR ENDED 31AUG|FOR THE YEAR ENDED 31AUG|FOR THE YEAR ENDED 31AUG|UST 2022|||
|---|---|---|---|---|---|---|
|32.|COMPARATIVE<br>STATEMENT OF FINANCIAL ACTIVITIES||||||
||||Unrestricted|Restricted|Endowment|Total|
||~Grou||funds|funds|funds|2021|
||||f|E|f|f|
||Income and endowments|from:|||||
||Donations<br>and legacies||6,115|34,405||40,520|
||Charitable<br>activities||6,638,535|||6,638,535|
||Other trading activities||89,681|||89,681|
||Christ<br>College<br>Holiday|Activities|||||
||Limited||112,687|||112,687|
||1541Limited||163,043|||163,043|
||Investments||28,534|16,415|12,306|57,255|
||Other income||12,476|||12,476|
||Total income and endowments||7,051,071|50,820|12,306|7,114,197|
||Expenditure<br>on:||||||
||Charitable<br>activities||6,331,305|9,575|12,306|6,353,186|
||Christ<br>College<br>Holiday|Activities|||||
||Limited||47,166|||47,166|
||1541Limited||155,921|||155,921|
||Total expenditure||6,534,392|9,575|12,306|6,556,273|
||Net gains/(losses)<br>on investments||366,095|215,100|162,481|743,676|
||Net movementin<br>funds||882,774|256,345|162,481|1,301,600|
||Reconciliation<br>of Funds||||||
||Total funds brought<br>forward||12,494,962|889,186|639,946|14,024,094|
||Totalfunds carried forward||13,377,736|1,145,531|802,427|15,325,694|





## 

## 

|||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|
|||funds<br>f|funds<br>f|funds<br>f|2021<br>f|
|Income and endowments|from:|||||
|Donations<br>and legacies<br>Charitable<br>activities<br>Other trading<br>activities<br>Investments<br>Other income||6,115<br>6,638,535<br>89,681<br>28,534<br>12,476|34,405<br>16,415|12,306|40,520<br>6,638,535<br>89,681<br>57,255<br>12,476|
|Totalincome and endowments||6,775,341|50,820|12,306|6,838,467|
|Expenditure<br>on:||||||
|Charitable<br>activities<br>Total expenditure||6,280,358<br>6,280,358|9,575<br>9,575|12,306<br>12,306|6,302,239<br>6,302,239|
|Net gains/(losses)<br>on||||||
|investments||366,095|215,100|162,481|743,676|
|Net movementin<br>funds||861,078|256,345|162,481|1,279,904|
|Reconciliation<br>of Funds||||||
|Total funds brought<br>forward<br>Totalfunds carried forward||12,551,862<br>13,412,940|889,186<br>1,145,531|639,946<br>802,427|14,080,994<br>15,360,898|



## 

##