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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|





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|||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<br>and legacies|||66,252|107,023||173,275|121,536|
|Charitable<br>activities|||7,924,607|||7,924,607|7,384,809|
|Other trading activities|||149,074|||149,074|121,744|
|Christ<br>College<br>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<br>on:||||||||
|Raising funds||8|112,593|||112,593||
|Charitable<br>activities||9|7,961,075|139,453|17,865|8,118,393|7,146,552|
|Christ<br>College<br>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<br>ofFunds||23||||||
|Total funds brought<br>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|





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||||Unrestdcted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|funds|funds|funds|2023|2022|
||||E|E||E|E|
|Income and endowments||||||||
|from:||||||||
|Donations<br>and legacies||3|66,252|107,023||173,275|121,536|
|Charitable<br>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<br>on:||||||||
|Raising funds||8|112,593|||112I593||
|Charitable<br>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<br>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|





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||||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<br>funds||23||745,423||742,754|
|Restricted income funds||24||1,152,380||1,148,172|
|Unrestricted<br>funds||25||14,252,101||13,881,265|
|Total charity funds||26||16,149,904||15,772,191|





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||||||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<br>funds|||23||745,423||742,754|
|.|Restricted<br>income funds|||24||1,152,388||1,148,172|
||Unrestricted<br>funds|||25||14,282,477||13,878,695|
||Total charity funds|||26||16,180,280||15,769,621|





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|||||Note|2023f|2022<br>f|
|---|---|---|---|---|---|---|
|Net cash provided<br>by operating<br>activities||||32|1,274,615|1,893,247|
|Cash flows from investing activities:|||||||
|Dividends,<br>interest<br>and rents from investments||||6|110,728|73,745|
|Purchase of property<br>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<br>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<br>at the beginning||ofthe reporting|||||
|period|||||3,250,835|3,134,396|
|Cash and cash equivalents<br>at the end|ofthe|reporting|period|32|4,209,376|3,250,835|





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



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||||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<br>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<br>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|





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|ross fees receivable<br>may be analysed<br>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|





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||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||





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|EXPENDITURE ON CHA|RITABLE ACTIVITIES|||||
|---|---|---|---|---|---|
|||||Total|Total|
|Group|Staff costsf|Otherf|Depreciationf|2023f|2022<br>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<br>and other costs||27,466||27,466|48,056|
|Governance<br>costs||78,069||78,069|70,583|
||4,283,318|3,310,454|524,621|8,118,393|7,146,552|
|Other expenditure<br>consists of:||||2023f|2022f|
|Group||||||
|Advertising,<br>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<br>and laundry|||||12,629|
|Commissions<br>paid||||77,372|78,289|
|Equipment<br>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,<br>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|





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|EXPENDITURE ON CHA|RITABLE ACTIVITIES (c|ontinued)|||||
|---|---|---|---|---|---|---|
||||||Total||
|College|Staffcostsf|Other<br>f|Depreciation|f|2023<br>f|2022<br>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<br>and other costs||27,466|||27,466|48,056|
|Governance<br>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<br>consists of:|||||E|6|
|College|||||||
|Advertising,<br>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<br>paid|||||77,372|78,289|
|Equipment<br>hire|||||1,083|1,251|
|Staff expenses<br>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,<br>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<br>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<br>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|





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||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|





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





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||||o<br>UJ<br>04<br>IL<br>UJ<br>ID8Z||||4I<br>4I00<br>8'00<br>CL<br>0<br>I9|0<br>CJ|t«0<br>r«l<br>I<br>IU<br>E<br>Ql <br>ih|0|rrl<br>IQ<br>«I <br>0<br>QC <br>III<br>0|\-<br>QI<br> «<br>Irl<br> C<br>IQ<br> I-|M<br>CI<br>f«<br>III<br>00<br>Irl<br> «t|0<br>0 <br>«J<br>IQ<br>II<br>a~& <br>Il. <br>QI0|r4<br>rv0<br>I<br>QI<br>JQ<br> E<br>Ql<br> Ih<br> r«<br> «(|IQ<br>QI<br>0<br>«-<br>IU<br>00 <br>Lr|rrl<br>Pn<br> 0<br> 0|M0<br>r«<br>5<br>00<br>«C|Ql<br>IQ<br>0 <br>0<br>0 <br>Z|rrl0<br>rv<br> 5<br>00<br> m<br>rn|r«l<br>r«0<br>r«r<br>5<br>00<br>«C|IQ<br>00<br>C<br>JU<br>QI00<br>IU<br>0<br>QI|





## 

## 

## 

|FIXEDASSET INVESTMENTS||||
|---|---|---|---|
|||2023|2022|
|Group||E|E|
|Carrying<br>(fair) value at beginning<br>ofperiod||4,468,522|3,610,626|
|Add: additions to investments<br>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<br>(fair) value at end ofyear||4,550,202|4,468,522|
|College||||
|Carrying<br>(fair) value at beginning<br>ofperiod||4,469,523|3,611,627|
|Add: additions to investments<br>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<br>(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<br>portfolio<br>is split between<br>unre<br>fthe portfolio can be seen below:|stricted,<br>restricted<br>and endowment<br>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<br>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<br>liabilities|||i17%,905)|~(167,390|
|Capital and reserves|||3,572|3,572|





## 

## 

## 

|ts trading<br>results and ba|lance sheet p|osition, extracted from its aud|ited<br>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<br>to parent|charity under|gift aid||(35,869)|
|Balance carried forward|||(32,943)||
|Balance Sheet|||||
|Fixed and current assets|||27,622|65,471|
|Current<br>liabilities|||(60,565)|(65,470)|
|Capital and reserves|||(32,943)||





## 

|17.|STOCKS|||||||
|---|---|---|---|---|---|---|---|
||Group|||||2023f|2022<br>f|
||Goodsfor resale:|||||||
||Opening<br>balance|||||11,097|10,520|
||Added<br>in period|||||(9,304)|4,868|
||Expensed<br>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<br>f|2023<br>f|2022<br>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<br>II|~dd 8<br>II|||2023f|2022<br>f|
|---|---|---|---|---|---|
|Balance|at the start ofthe reporting|period||1,609,851|1,007,791|
|Amounts|added<br>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<br>f|
|Balance|at the start ofthe reporting|period||1,609,851|1,007,791|
|Amounts|added<br>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<br>E|2022<br>E|2023<br>E|2022<br>f|2023|2022<br>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<br>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<br>|payable:|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||f|E|
|Due|within|one|year||648|
||||||648|



## 

## 

|||At 1|||||At|
|---|---|---|---|---|---|---|---|
|||September||||Gains and|31August|
|Group and|College|2022<br>f|Income<br>E|Expenditure<br>f|Transfers<br>f|losses<br>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<br>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.<br>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<br>funds|163,532|87,961|(87,961)||600|164,132|
|Prize funds|59,987|1,662|(1,662)||216|60,203|
|Foundation<br>-general|254,238|7,194|(7,194)||934|255,172|
|Sir Barrie and Lady|||||||
|Stephens<br>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<br>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<br>f|Income<br>f|Expenditure<br>f|Transfersf|lossesf|2022<br>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<br>E|Incomef|Expenditure<br>E|Transfersf|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|





## 

## 

|NALYSIS OF NET ASS|ETSBETWEEN FU|NDS||||
|---|---|---|---|---|---|
||||Net current|Long term||
||Fixed assets|Investments|assets|liabilities|Total|
|Group|E|E||E|E|
|Endowment<br>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<br>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<br>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<br>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<br>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<br>charges|||||||||524,621|527,978|
||(Gains)/losses<br>on investments|||||||||(13,816)|316,739|
||Dividends,<br>interest|and rents|||from investments|||||(110,728)|(73,745)|
||Loss/(profit)<br>on the|sale offixed||||assets||||16,801||
||(Increase)/decrease||in stocks|||||||(2,416)|(577)|
||Increase<br>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<br>sisof chan esin||||net debt||||||||
|||||||||||Other|Balance|
|||||||Opening|||Interest|non-cash|carried|
|||||||balance<br>f|Cash-flows<br>E||changes<br>E|changesf|forward<br>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<br>and legacies||||21,628|98,908|1,000|121,536|
|Charitable<br>activities||||7,384,809|||7,384,809|
|Other trading activities||||121,744|||121,744|
|Christ<br>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<br>on:||||||||
|Charitable<br>activities||||7,104,783|27,341|14,428|7,146,552|
|Christ<br>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<br>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<br>E|fundsf|funds|2022<br>E|
|Income and endowments|from:|||||
|Donations<br>and legacies||21,628|98,908|1,000|121,536|
|Charitable<br>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<br>on:||||||
|Charitable<br>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<br>ofFunds||||||
|Total funds brought<br>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|