2023-08-31-accounts - Christ College, Brecon

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

		FOR	THE YEAR ENDED	31AUGUST	2023
			Unrestricted	Restricted	Endowment	Total	Total
		Note	funds	funds	funds	2023	2022
			E	f	E	E	E
Income and endowments	from:
Donations and legacies			66,252	107,023		173,275	121,536
Charitable activities			7,924,607			7,924,607	7,384,809
Other trading activities			149,074			149,074	121,744
Christ College Holiday	Activities
Limited		16	247,303			247,303	176,966
1541Limited		16	163,043			163,043	163,043
Investments		6	78,968	32,430	17,865	129,263	73,895
Other income		7	93,793			93,793
Total income and endowments			8,723,040	139,453	17p865	8,880,358	8,041,993
Expenditure on:
Raising funds		8	112,593			112,593
Charitable activities		9	7,961,075	139,453	17,865	8,118,393	7,146,552
Christ College Holiday	Activities
Limited		16	105,919			105,919	56,306
1541Limited		16	179,556			179,556	75,899
Total expenditure			8,359,143	139,453	17,865	8,516,461	7,278,757
Net gainsj(losses) on investments		15	6,939	4,208	2,669	13,816	(316,739)
Net movement infunds			370,836	4,208	2,669	377p713	446,497
Reconciliation ofFunds		23
Total funds brought forward		24,25	13,881,265	1,148,172	742,754	15,772,191	15,325,694
Total funds carried forward		26	14,252,101	1,152,380	745,423	16,149,904	15,772,191

			Unrestdcted	Restricted	Endowment	Total	Total
		Note	funds	funds	funds	2023	2022
			E	E		E	E
Income and endowments
from:
Donations and legacies		3	66,252	107,023		173,275	121,536
Charitable activities		4	7,924,607			7,924,607	7,384,809
Other trading activities		5	149,074			149,074	121,744
Investments		6	177,696	32,430	17,865	227,991	169,323
Other income		7	93,793			93,793
Total income and	endowments		8,411,422	139,453	17,865	8,568,740	7,797,412
Expenditure on:
Raising funds		8	112,593			112I593
Charitable activities		9	7,901,986	139,453	17,865	S,059,304	7,071,950
Total expenditure			8,014,579	139,453	17,865	8,171,897	7,071,950
Net gains/(losses)	on
investments		15	6,939	4,208	2,669	13,816	(316,739)
Net movement in	funds		403,782	4,208	2,669	410,659	408,723
Reconciliation of	Funds	23
Total funds brought forward		24,25	13,878,695	1,148,172	742,754	15,769,621	15,360,898
Totalfunds carried forward		26	14'282,477	1,152,380	745,423	16,180,280	15,769,621

			2023		2022
		Note
Fixed assets:
Tangible assets		14		10,617,332		10,840,764
Investments		15		4,550,202		4,468,522
				15,167,534		15,309,286
Current assets:
Stocks		17	13,513		11,097
Debtors		18	238,867		132,182
Cash at bank and in	hand	19	4,209,373		3,250,831
			4,461,753		3,394,110
Liabilities:
Creditors: Amounts	falling due
within one year		20	~1.061,528		1,826,169)
Net current assets				2,400,225		1,567,941
Total assets less current liabilities				17,567,759		16,877,227
Creditors: Amounts	falling due
after more than one year		21		(1,417,855)		(1,105,036)
Total net assets		26		16,149,904		15,772,191
The funds ofthe group:
Endowment funds		23		745,423		742,754
Restricted income funds		24		1,152,380		1,148,172
Unrestricted funds		25		14,252,101		13,881,265
Total charity funds		26		16,149,904		15,772,191

					2023		2022
				Note	E
	Fixed assets:
	Tangible assets			14		10,617,332		10,840,764
	Investments			15		4,551,203		4,469,523
						15,168,535		15,310,287
	Current assets:
	Debtors			18	380,790		281,299
	Cash at bank and in	hand		19	4,049,603		3,050,800
					4,430,393		3,332,099
	Liabilities:
	Creditors: Amounts	falling	due
	within one year			20	(2,000,793)		(1,767,729)
	Net current assets					2,429,600		1,564,370
	Total assets less current liabilities					17,598,135		16,874,657
	Creditors: Amounts	falling	due
	after more than one year			21		(1,417,855)		(1,105,036)
	Total net assets			24		16,180,280		15,769,621
	The funds ofthe charity:
	Endowment funds			23		745,423		742,754
.	Restricted income funds			24		1,152,388		1,148,172
	Unrestricted funds			25		14,282,477		13,878,695
	Total charity funds			26		16,180,280		15,769,621

				Note	2023f	2022 f
Net cash provided by operating activities				32	1,274,615	1,893,247
Cash flows from investing activities:
Dividends, interest and rents from investments				6	110,728	73,745
Purchase of property plant and equipment				14	(317,991)	(309,725)
Proceeds from sale ofinvestments					1,811,989	870,617
Purchase of investments				15	(1,879,853)	(2,045,252)
Net cash used in investing activities					(275,127)	(1,410,615)
Cash flows fiom financing activities:
Repayments ofborrowing					(40,947)	(366,193)
Net cash used in financing activities					(40,947)	(366,193)
Change in cash and cash equivalents	in the	reporting	period		958,541	116,439
Cash and cash equivalents at the beginning		ofthe reporting
period					3,250,835	3,134,396
Cash and cash equivalents at the end	ofthe	reporting	period	32	4,209,376	3,250,835

	Additions from	Additions up to
	1September 2000	31August 2000
Freehold land and buildings	Over 15-30yea rs	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 10-50yea rs

			Unrestdicted	Unrestdicted	Restricted	Restricted	Endowment	Endowment	Total	Total
				funds	funds			funds	2023	2022
Group and		College
Donations		and gifts		66,252	107,023				173,275	121,536
				66,252	107,023				173,275	121,536
INCOME FROM CHARITABLE ACTIVITIES
			Unrestdicted		Restricted		Endowment		Total	Total
				funds	funds			funds	2023	2022
Group and		College
Fees and other fees
receivable				7,685,205					7,685,205	7,163,080
School trip		income		157,179					157,179	179,626
Registration		fees		24,439					24,439	27,859
Examination fees				57,571					57,571	11,195
Insurance	commissions			213					213	3,049
				7,924,607					7,924,607	7,384,809
Fees receivable:
									2023	2022
									f	f
Gross fees									9,796,133	8,904,306
Less:total		scholarships,	bursaries	and remissions					(2,110,928)	(1,741,250)
Add back:		scholarships,	prizes, etc. paid for by restricted			funds,
scholarships paid for by outside				trusts						25
									7,685,205	7,163,081
The total scholarships,			prizes, etc. paid for by trust funds			consist		of:
									2023	2022
									f	f
Scholarships, etc.
Prizes										25
										25

ross fees receivable may be analysed by the follow	ing:
	2023	2022
	E	E
Boarders	5,230,381	4,703,001
Flexible boarders	701,591	808,360
Dayboarders		147,527
Day pupils	3,617,735	3,072,878
Music and drama tuition	52,792	47,095
EAL income	12,793	19,100
Other fee income	173,702	92,697
Pupil hosting scheme	7,140	13,672
	9,796,134	8,904,330

	2023	2022
	No	No
Boarders	159	153
Flexible boarders	25	32
Day pupils	211	185
	395	370

	Unrestricted	Restricted	Endowment	Total	Total
	funds	funds	funds	2023	2022
Group and College		E	E		f
Rent	17,866			17,&66	15,250
Wayleave	94			94	94
Minibus income	131,114			131,114	106,400
	149,074			149,074	121,744

	INCOME	FROM INVESTMEN	TS
			Unrestdcted	Restricted	Endowment	Total	Total
			funds	funds	funds	2023	2022
	Group		E	E	E	E	f
	Interest	income	18,534			18,534	150
	Dividend	income	60,434	32,430	17,865	110,729	73,745
			78,968	32,430	17,865	129,263	73,895
	College
	Interest	income	18,534			18,534	150
	Dividend	income	60p433	32,430	17,865	110,728	73,745
	Gift aid	from subsidiaries	98,729			98,729	95,428
			177,696	32,430	17,865	227,991	169,323
	INCOME	FROM OTHER SOURCES
			Unrestricted	Restdcted	Endowment	Total	Total
			funds	funds	funds	2023	2022
	Group and College		E	E	E	E	E
	Sundry	income	93,793			93,793
			93,793			93,793
8.	EXPENDITURE ON RAISING		FUNDS
						Total	Total
			Staff costs	Other	Depreciation	2023	2022
	Group and College		f	E	E	E	E
	Raising	funds	88,572	24,021		112,593
			88,572	24,021		112,593

EXPENDITURE ON CHA	RITABLE ACTIVITIES
				Total	Total
Group	Staff costsf	Otherf	Depreciationf	2023f	2022 f
Teaching costs	2,912,303	273,935	51,453	3,237,691	3,183,444
School trip expenditure		136,900		136,900	173,086
Welfare	219,516	1,042,793	11,098	1,273,407	983,819
Premises	686,234	1,045,092	441,892	2,173,218	1,795,990
Admin	465,265	706,199	20,178	1,191,642	891,574
Financing and other costs		27,466		27,466	48,056
Governance costs		78,069		78,069	70,583
	4,283,318	3,310,454	524,621	8,118,393	7,146,552
Other expenditure consists of:				2023f	2022f
Group
Advertising, marketing	and publicity			133,103	118,028
Audit and accountancy	fees			20,016	16,620
Bank interest, charges	and fees			68,662	84,445
Catering costs				813,228	269,785
Cleaning and laundry					12,629
Commissions paid				77,372	78,289
Equipment hire				1,083	1,251
Staff expenses and travel				22,057	60,187
Functions				32,757	23,191
House supplies					12,344
Insurance				84,777	70,326
ITcosts				198,772	137,212
Legal and professional	fees			106,828	124,869
Printing, postage and	stationery			49,752	46,380
Prizes				2,512	3,554
Productions					11,452
Recruitment				24,921	25,589
Rent, rates, water and	utilities			540,264	358,935
Repairs and maintenance				418,537	659,401
School travel				78,014	70,606
Subscriptions				32,690	21,494
School trip expenditure				155,478	173,086
Teaching and sports supplies				350,837	161,505
Telephone				27,300	28,397
Training				21,314	15,374
Transport				57,400	154,838
Loss on disposal offixed assets				16,801
				3,334,475	2,739,787

EXPENDITURE ON CHA	RITABLE ACTIVITIES (c	ontinued)
					Total
College	Staffcostsf	Other f	Depreciation	f	2023 f	2022 E
Teaching costs	2,853,215	273,935	51,453		3,178,603	3,183,444
School trip expenditure		136,900			136,900	173,086
Welfare	219,516	1,042,793	11,098		1,273,407	983,819
Premises	686,234	1,045,092	441,892		2,173,218	1,795,990
Admin	465,264	706,199	20,178		1,191,641	816,972
Financing and other costs		27,466			27,466	48,056
Governance costs		78,069			78,069	70,583
	4,224,229	3,310,454	524,621		8,059,304	7,071,950
					2023	2022
Other expenditure consists of:					E	6
College
Advertising, marketing	and publicity				133,103	118,028
Audit and accountancy	fees				20,016	16,620
Bank interest, charges	and fees				68,662	84,445
Catering costs					813,228	269,785
Cleaning and laundry						12,629
Commissions paid					77,372	78,289
Equipment hire					1,083	1,251
Staff expenses and travel					22,057	60,187
Functions					32,757	23,191
House supplies						12,344
Insurance					84,777	70,326
ITcosts					198,772	137,212
Legal and professional	fees				106,828	124,869
Printing, postage and	stationery				49,752	46,380
Prizes					2,512	3,554
Productions						11,452
Recruitment					24,921	25,589
Rent, rates, water and	utilities				540,264	358,935
Repairs and maintenance					418,537	659,401
School travel					78,014	70,606
School trip expenditure					32,690	173,086
Subscriptions					155,478	21,493
Teaching and sports supplies					350,837	161,505
Telephone					27,300	28,397
Training					21,314	15,374
Transport					57,400	154,838
Loss on disposal offixed assets					16,801
					3,334,475	2,739,786

10.	AUDITORS	REMUNERATION	REMUNERATION	REMUNERATION	REMUNERATION
	Fees for examination		of	the	accounts:
						Total	Total
	Group					2023f	2022 f
	Auditors fees					22,760	17,210
	Other fees					6,960	3,410
	College
	Auditors fees					15,800	13,210
	Other fees					6,960	3,410
11.	GOVERNANCE COSTS
	Governance	costs incurred			during the year relate to:
						2023	2022
	Group					E	E
	Legal and	professional		fees		48,349	49,963
	Audit and	accountancy		fees		29,720	20,620
	College
	Legal and	professional		fees		48,349	49,963
	Audit and	accountancy		fees		22,760	16,620

	2023	2022
Group and College	E	f
Wages and salaries	3,426,967	3,032,739
Social security costs	330,746	288,115
Pension costs - teaching	475,001	410,535
Pension costs —non-teaching	139,175	147,396
	4,371,889	3,878,785

2023	2022
No	No

	Total	Total
	2023	2022
	No	No
Teaching	50	49
Support	39	40
Estate	19	19
Domestics	23	23
	131	131

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FIXEDASSET INVESTMENTS
		2023	2022
Group		E	E
Carrying (fair) value at beginning ofperiod		4,468,522	3,610,626
Add: additions to investments during	period	1,879,&53	2,045,252
Less: disposals at carrying value		(1,722,639)	(960,546)
Add/ (deduct): net gain/ (loss) on revaluation		13,816	(316,739)
Dealing account		(89,350)	89,929
Carrying (fair) value at end ofyear		4,550,202	4,468,522
College
Carrying (fair) value at beginning ofperiod		4,469,523	3,611,627
Add: additions to investments during	period	1,879,853	2,045,252
Less: disposals at carrying value		(1,722,639)	(960,546)
Add/ (deduct): net gain/ (loss) on revaluation		13,816	(316,739)
Dealing account		(89,350)	89,929
Carrying (fair) value at end ofyear		4,551,203	4,469,523

nalysis of	investments
			2023		2022
			Fair		Fair
			value	Bookcost	value	Bookcost
					f	E
Cash or cash equivalents			112,722	112,722	202,073	202,073
Listed investments			4,437,478	3,935,357	4,266,449	3,689,733
Investment	in trading	subsidiaries	1,001	1,001	1,001	1,001
			4,551,201	4,049,080	4,469,523	3,892,807

he investment portfolio is split between unre fthe portfolio can be seen below:	stricted, restricted and endowment funds.	The ratios
	2023	2022
		so
Unrestricted	55	55
Endowment	16	16
Restricted	29	29
	100	100

			2023	2022
			6	E
Profit and Loss Account
Turnover			247,303	176,966
Recharges to Christ College Brecon				3,049
Expenditure			(105,918)	(56,306)
Recharges from Christ College Brecon			(42,656)	(49,899)
Profit foryear			98,729	73,810
Statement ofChanges	in Equity
Balance brought forward			3,572	(10,678)
Profit and total comprehensive		income for the period	98,730	73,810
Distributions to parent	charity	under gift aid	(98,730)	(59,560)
Balance carried forward			3,572	3,572
Balance Sheet
Current assets			177,477	170,962
Current liabilities			i17%,905)	~(167,390
Capital and reserves			3,572	3,572

ts trading results and ba	lance sheet p	osition, extracted from its aud	ited accounts, were:
			2023	2022
				E
Profit and Loss Account
Turnover			163,043	163,043
Expenditure			(167,555)	(75,900)
Recharges to Christ College Brecon			(28,432)	(27,751)
(Loss)/profit foryear			(32,944)	59,392
Statement ofChanges	in Equity
Balance brought forward			1	(23,522)
(Loss)/ Profit and total	comprehensive	income for the period	(32,944)	59,392
Distributions to parent	charity under	gift aid		(35,869)
Balance carried forward			(32,943)
Balance Sheet
Fixed and current assets			27,622	65,471
Current liabilities			(60,565)	(65,470)
Capital and reserves			(32,943)

17.	STOCKS
	Group					2023f	2022 f
	Goodsfor resale:
	Opening balance					11,097	10,520
	Added in period					(9,304)	4,868
	Expensed in period					11,720	(4,291)
	Closing balance					13p513	11,097
18.	DEBTORS
				Group		College
				2023f	2022f	2023f	2022f
	Trade debtors			22,645	11,144	(9,169)	(12,818)
	Prepayments	and accrued income		199,062	121,038	199,062	121,038
	Other debtor			17,160		17,161
	Balances due	from group
	undertakings					173,736	173,079
				238,867	132,182	380,790	281,299
19.	CASH AT BANK AND IN		HAND
				Group		College
				2023	2022	2023	2022
				f	f	f	E
	Cash at bank	and on hand		4,209,373	3,250,831	4,049,603	3,050,800
				4,209,373	3,250,831	4,049,603	3,050,800
20.	CREDITORS: AMOUNTS		FALLING DUE	WITHIN ONE YEAR
				Group		College
				2023f	2022 f	2023 f	2022 f
	Bank loans			33,943	30,720	33,943	30,720
	Trade creditors			217,723	138,627	182,380	97,664
	Accruals and	deferred	income	1,620,339	1,494,026	1,603,360	1,490,326
	Taxation and	social security		98,462	88,070	90,241	74,293
	Other creditors			91,061	74,726	90,869	74,726
				2,061,528	1,826,169	2,000,793	1,767,729

	Group and	College
	2023	2022
	f	f
Bankloans	713,190	749,307
Deferred income	704,665	355,729
	1,417,&55	1,105,036

~dd 8 II	~dd 8 II			2023f	2022 f
Balance	at the start ofthe reporting	period		1,609,851	1,007,791
Amounts	added in current period			10,319,618	9,506,366
Amounts	released to income from	previous	periods	(9,796,133)	(8,904,306)
Balance	at the end ofthe reporting	period		2,133,336	1,609,851
~Calle e				2023f	2022 f
Balance	at the start ofthe reporting	period		1,609,851	1,007,791
Amounts	added in current period			10,319,618	9,506,366
Amounts	released to income from	previous	periods	(9,796,133)	~(8,984,388
Balance	at the end ofthe reporting	period		2,133,336	1,609,851

	Advance	fees	Final term	deposits	Michaelmas	term fees
G~dCdl	2023 E	2022 E	2023 E	2022 f	2023	2022 E
Within 1year	210,000	296,776	97,148	69,702	1,121,524	887,644
Within 2-5 years	330,450	111,000	250,761	155,579
After 5years	39,204		84,250	89,150
	579,654	407,776	432,159	314,431	1,121,524	887,644

he amount	repayable on the bank loan is as follows:
		2023	2022
		f	f
Repayable	within one year	33,943	30,720
Repayable	between two and five years	135,772	122,880
Repayable	in more than five years	577,419	626,427
		747,134	780,027

Net o	bligatio	ns	payable:
				2023	2022
				f	E
Due	within	one	year		648
					648

		At 1					At
		September				Gains and	31August
Group and	College	2022 f	Income E	Expenditure f	Transfers f	losses f	2023
Black Cat		59,581	1,433	(1,433)		214	59,795
OBA award		227,085	5,462	(5,462)		816	227p901
Dr Herdman	fund	240,238	5,778	(5,778)		863	241,101
Edward Edwards		53,620	1,290	(1,290)		193	53,813
Sundry		128,581	3,093	(3,093)		462	129,043
The Friends	ofChrist
College Fund		33,649	809	(809)		121	33,770
		742,754	17,865	(17,865)		2,669	745,423

		At 1					At
		September				Gains and	31August
		2021	Income	Expenditure	Transfers	losses	2022
Group and	College	f	E	E	E	E	E
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

4. RESTRICTED FUND	S
	At 1					At
	September				Gains and	31August
	2022	Income	Expenditure	Transfers	losses	2023
Group and College	E	E	E	E		E
Scholarship funds	163,532	87,961	(87,961)		600	164,132
Prize funds	59,987	1,662	(1,662)		216	60,203
Foundation -general	254,238	7,194	(7,194)		934	255,172
Sir Barrie and Lady
Stephens scholarship
fund	316,691	8,959	(8,959)		1,162	317,853
Chapel repair fund	613	9,355	(9,355)			613
Peter Lloyd bequest	226,121	6,397	(6,397)		830	226,951
Powell Donation	21,805	617	(617)		80	21,885
Kelvin Bryan bursary	65,975	1,866	(1,866)		242	66,217
pavilion project	39,210	15,442	(15,442)		144	39,354
	1,148,172	139,453	(139,453)		4,208	1,152,380

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

	At 1					At
	September				Gains and	31August
	2022	Income	Expenditure	Transfers	losses	2023
Group	f	E	E		f	E
Foundation	1,769,277				6,939	1,776,216
General funds	12,111,988	8,723,040	(8,359,143)			12,475,885
	13,881,265	8,723,040	(8,359,143)		6,939	14,252,101
College
Foundation	1,769,277				6,939	1,776,216
General funds	12,109,418	8,411,422	(8,014,579)			12,506,261
	13,878,695	8,411,422	(8,014,579)		6,939	14,282,477

	At 1					At
	September				Gains and	31August
Group	2021 E	Incomef	Expenditure E	Transfersf	losses E	2022 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

NALYSIS OF NET ASS	ETSBETWEEN FU	NDS
			Net current	Long term
	Fixed assets	Investments	assets	liabilities	Total
Group	E	E		E	E
Endowment funds		745p423			745,423
Restricted funds		1,151,767	613		1,152,380
Unrestricted funds:
General funds	10,617,332	2,653,012	2,399,612	(1,417,855)	14,252,101
	10,617,332	4,550,202	2,400,225	(1,417,855)	16,149,904
College
Endowment funds		745,423			745,423
Restricted funds		1,151,767	613		1,152,380
Unrestricted funds:
General funds	10,617,332	2,654,013	2,428,987	(1,417,855)	14,282,477
	10,617,332	4p551,203	2,429,600	(1,417,855)	16p180,280
			Net current	Long term
	Fixed assets	Investments	assets	liabilities	Total
Group	E	E	E	E	E
Endowment funds		742,754			742,754
Restricted funds		1,147,560	612		1,148,172
Unrestricted funds:
General 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

Group and	College
				2023	2022
				E	6
Carrying amount offinancial assets
Instruments	measured	at fair value through	profit or loss	4,550,202	4,468,522
				4,550,202	4,468,522


2.	RECONCILIATION OF		NET INCOME/(EXPENDITURE)					TO NET CASH FLOW		FROM OPERATING
	ACTIVITIES
										2023	2022
	Group									E	E
	Net income forthe	reporting			period					377,713	446,497
	Adjustments for:
	Depreciation charges									524,621	527,978
	(Gains)/losses on investments									(13,816)	316,739
	Dividends, interest	and rents			from investments					(110,728)	(73,745)
	Loss/(profit) on the	sale offixed				assets				16,801
	(Increase)/decrease		in stocks							(2,416)	(577)
	Increase in debtors									(106,685)	3,328
	Increase/(decrease)		in creditors							589,125	673,027
	Net cash provided	by		operating		activities				1,274,615	1,893,247
	Analysis ofcash and		cash equivalents
	Cash in hand									4,209,373	3,250,833
	Total Cash and Cash		Equivalents							4,209,373	3,250,833
Ana sisof chan esin				net debt
										Other	Balance
						Opening			Interest	non-cash	carried
						balance f	Cash-flows E		changes E	changesf	forward E
Cash					3,250,829		958,540				4,209,369
					3,250,829		958,540				4,209,369
Bank loans falling due within
one year						(30,720)				(3,223)	(33,943)
Bank loans falling due after
more	than one year				(749,307)		5,427		27,466	3,223	(713,191)
Finance	lease obligations					(8,053)	8,053
Total					2,462,749		972,020		27,466		3,462,235

				Unrestricted	Restricted	Endowment	Total
G~rou				funds	funds	funds	2022
				E	E	E	E
Income and endowments			from:
Donations and legacies				21,628	98,908	1,000	121,536
Charitable activities				7,384,809			7,384,809
Other trading activities				121,744			121,744
Christ College		Holiday	Activities
Limited				176,966			176,966
1541Limited				163,043			163,043
Investments				39,397	21,070	13,428	73,895
Other income
Total income and	endowments			7,907,587	119,978	14,428	8,041,993
Expenditure on:
Charitable activities				7,104,783	27,341	14,428	7,146,552
Christ College		Holiday	Activities
Limited				56,306			56,306
1541Limited				75,899			75,899
Total expenditure				7,236,988	27,341	14,428	7,278,757
Net gains/(losses)	on investments			(167,070)	(89,996)	(59,673)	(316,739)
Net movement in	funds			503,529	2,641	(59,673)	446,497
Reconciliation of	Funds
Total funds brought		forward		13,377,736	1,145,531	802,427	15,325,694
Totalfunds carried		forwanl		13,881,265	1,148,172	742,754	15,772,191

		Unrestricted	Restricted	Endowment	Total
~Calle e		funds E	fundsf	funds	2022 E
Income and endowments	from:
Donations and legacies		21,628	98,908	1,000	121,536
Charitable activities		7,384,809			7,384,809
Other trading activities		121,744			121,744
Investments		134,825	21,070	13,428	169,323
Other income
Totalincome and endowments		7,663,006	119,978	14,428	7,797,412
Expenditure on:
Charitable activities		7,030,181	27,341	14,428	7,071,950
Total expenditure		7,030,181	27,341	14,428	7,071,950
Net gainsj(losses) on investments		(167,070)	(89,996)	(59,673)	(316,739)
Net movement in funds		465,755	2,641	(59,673)	408,723
Reconciliation ofFunds
Total funds brought forward		13,412,940	1,145,531	802,427	15,360,898
Totalfunds carried forward		13,878,695	1,148,172	742,754	15,769,621