| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements | 7 | to | 12 | |
| Detailed Statement of Financial Activities | 13 |
| f | or the Year En | ded 31 Au u |
st 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| 31.8.22 | 31.8.21 | |||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| fund | funds | fund | funds | funds | ||||
| Notes | f | 6 | F | f | 6 | |||
| INCOME AND | ||||||||
| ENDOWMENTS | FROM | |||||||
| Donations and legacies |
1,565 | 1,565 | 1,326 | |||||
| Investment income |
2 | 40,911 | 3,362 | 44,273 | 40,796 | |||
| Total | 40,911 | 4,927 | 45,838 | 42,122 | ||||
| EXPENDITURE | ON | |||||||
| Raising funds | 7,369 | 7,369 | 6,985 | |||||
| Charitable activities |
||||||||
| School Development | 56,484 | 56,484 | 13,656 | |||||
| Total | 63,853 | 63,853 | 20,641 | |||||
| Net gains/(losses) | on | |||||||
| investments | (65,967) | 2,234 | (63,733) | 131,327 | ||||
| NET | ||||||||
| INCOME/(EXPENDITURE) | (88,909) | 7,161 | (81,748) | 152,808 | ||||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds brought |
forward | 1,216,064 | 186,369 | 2,148,786 | 3,551,219 | 3,398,411 | ||
| TOTAL FUNDS | CARRIED | |||||||
| FORWARD | 1,127,155 | 193,530 | 2,148,786 | 3,469,471 | 3,551,219 |
| Balance Sheet | Balance Sheet | Balance Sheet | |||||
|---|---|---|---|---|---|---|---|
| SS1A | 1 | 12022 | |||||
| 31.8.22 | 31.8.21 | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| fund | funds | fund | funds | funds | |||
| Notes | 6 | 6 | 6 | 6 | F | ||
| FIXEDASSETS | |||||||
| Tangible assets | 2,148,786 | 2,148,786 | 2,148,786 | ||||
| Investments | |||||||
| Investments | 6 | 727,707 | 139,804 | 867,511 | 851,819 | ||
| Investment property |
7 | 355,000 | 355,000 | 355,000 | |||
| 1,082,707 | 139,804 | 2,148,786 | 3,371,297 | 3,355,605 | |||
| CURRENT ASSETS | |||||||
| Cash at bank | 52,423 | 53,726 | 106,149 | 217,950 | |||
| CREDITORS | |||||||
| Amounts falling due within |
|||||||
| one year | 8 | (7,975) | (7,975) | (22,336) | |||
| NET CURRENT ASSETS | 53,726 | 98,174 | 195,614 | ||||
| TOTAL ASSETSLESS | |||||||
| CURRENT LIABILITIES | 1,127,155 | 193,530 | 2,148,786 | 3,469,471 | 3,551,219 | ||
| NET ASSETS | 1,127,155 | 193,530 | 2,148,786 | 3,469,471 | 3,551,219 | ||
| FUNDS | |||||||
| Unrestricted funds |
1,127,155 | 1,220,264 | |||||
| Restricted funds |
193,530 | 182,169 | |||||
| Endowment funds |
2,148,786 | 2,148,786 | |||||
| TOTAL FUNDS | 3,469,471 | 3,551,219 |
| INVESTMENT INCOME | ||
|---|---|---|
| 31.8.22 | 31.8.21 | |
| 5 | ||
| Rents received | 13,910 | 12,840 |
| Other rental income | 7,000 | 7,000 |
| Dividends and interest |
23,358 | 20,938 |
| Deposit account interest | 5 | 18 |
| 44,273 | 40,796 |
| COMPARATIVES F | OR THE ST | ATEMENT | OF FINANCIAL | ACTIVITIES | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| fund | funds | fund | funds | |||
| E | E | 6 | F | |||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
1,326 | 1,326 | ||||
| Investment income |
37,984 | 2,812 | 40,796 | |||
| Total | 37,984 | 4,138 | 42,122 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 6,985 | 6,985 | ||||
| Charitable activities |
||||||
| School Development | 13,656 | 13,656 | ||||
| Total | 20,641 | 20,641 | ||||
| Net gains on investments | 110,945 | 20,382 | 131,327 | |||
| NET INCOME | 128,288 | 24,520 | 152,808 | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 1,091,976 | 157,649 | 2,148,786 | 3,398,411 | |
| TOTAL FUNDS CARRIED FORWARD | 1,220,264 | 182,169 | 2,148,786 | 3,551,219 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Freehold | |
| property | |
| F | |
| COST | |
| At 1 September 2021 and | |
| 31 August 2022 | 2,148,786 |
| NET BOOK VALUE | |
| At 31 August 2022 | 2,148,786 |
| At 31 August 2021 | 2,148,786 |
| Listed | |||
|---|---|---|---|
| investments | |||
| 6 | |||
| MARKET VALUE | |||
| At 1 September 2021 | 851,819 | ||
| Additions | 134,888 | ||
| Disposals | (49,273) | ||
| Revaluations | (69,923) | ||
| At 31 August 2022 | 867,511 | ||
| NET BOOK VALUE | |||
| At 31 August 2022 | 867,511 | ||
| At 31 August 2021 | 851,819 | ||
| There were no investment | assets outside the UK. | ||
| Cost or valuation at 31 August 2022 is represented |
by. |
| Listed | |||
|---|---|---|---|
| investments | |||
| F | |||
| Valuation | in | 2022 | 262,390 |
| Cost | 605,121 | ||
| 867,511 |
| for | for | for | for | for | the Year | Ended 31Au | ust 2022 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 7. | INVESTMENT PROPERTY | |||||||||
| FAIRVALUE | ||||||||||
| At 1 September 2021 | ||||||||||
| and 31 August 2022 | 355,000 | |||||||||
| NET BOOK | VALUE | |||||||||
| At 31 August | 2022 | 355,000 | ||||||||
| At 31 August | 2021 | 355,000 | ||||||||
| 8. | CREDITORS: AMOUNTS | FALLING DUE | WITHIN ONE | YEAR | ||||||
| 31.8.22 | 31.8.21 | |||||||||
| Other creditors | 7,975 | 22,336 | ||||||||
| 9. | MOVEMENT | IN FUNDS | ||||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1.9.21 | in funds | 31.8.22 | ||||||||
| E | F | 6 | ||||||||
| Unrestricted | funds | |||||||||
| General fund |
1,216,064 | (88,909) | 1,127,155 | |||||||
| Restricted funds | ||||||||||
| Prize Fund | 10,965 | (322) | 10,643 | |||||||
| School Development | Fund | 7,933 | 1,566 | 9,499 | ||||||
| Sir Alan Tod | Travel Scholarship | Fund | 167,471 | 5,917 | 173,388 | |||||
| 186,369 | 7,161 | 193,530 | ||||||||
| Endowment | funds | |||||||||
| Endowment | Fund - Buildings | 2,148,786 | 2,148,786 | |||||||
| TOTAL FUNDS | 3,551,219 | (81,748) | 3,469,471 | |||||||
| Net movement in funds, |
included | in the above are as follows. | ||||||||
| Incoming | Resources | Gains and | Movement | |||||||
| resources | expended f |
losses f |
in funds f |
|||||||
| Unrestricted | funds | |||||||||
| General fund |
40,911 | (63,853) | (65,967) | (88,909) | ||||||
| Restricted funds | ||||||||||
| Prize Fund | 118 | (440) | (322) | |||||||
| School Development | Fund | 1,566 | 1,566 | |||||||
| Sir Alan Tod | Travel Scholarship | Fund | 3,243 | 2,674 | 5,917 | |||||
| 4,927 | 2,234 | 7,161 | ||||||||
| TOTAL FUNDS | 45,838 | (63,853) | (63,733) | (81,748) |
| Net | |||||||
|---|---|---|---|---|---|---|---|
| movement | At | ||||||
| At 1.9.20 | in funds | 31.8.21 | |||||
| F | F | ||||||
| Unrestricted | funds | ||||||
| General | fund | 1,091,976 | 128,288 | 1,220,264 | |||
| Restricted funds | |||||||
| Prize Fund | 10,024 | 941 | 10,965 | ||||
| School | Development | Fund | 6,607 | 1,326 | 7,933 | ||
| Sir Alan | Tod | Travel | Scholarship | Fund | 141,018 | 22,253 | 163,271 |
| 157,649 | 24,520 | 182,169 | |||||
| Endowment | funds | ||||||
| Endowment | Fund - | Buildings | 2,148,786 | 2,148,786 | |||
| TOTAL | FUNDS | 3,398,411 | 152,808 | 3,551,219 |
| Compar | ative | net mo | vement in f |
unds, inclu |
ded in the above |
are as follows: | ||
|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||||
| resources F |
expended F |
losses f |
in funds F |
|||||
| Unrestricted | funds | |||||||
| General | fund | 37,984 | (20,641) | 110,945 | 128,288 | |||
| Restricted funds | ||||||||
| Prize Fund | 115 | 826 | 941 | |||||
| School | Development | Fund | 1,326 | 1,326 | ||||
| Sir Alan | Tod | Travel | Scholarship | Fund | 2,697 | 19,556 | 22,253 | |
| 4,138 | 20,382 | 24,520 | ||||||
| TOTAL | FUNDS | 42,122 | (20,641) | 131,327 | 152,808 |
| Net | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| movement | At | |||||||||||
| At 1.9.20 | in funds | 31.8.22 | ||||||||||
| 6 | 6 | f | ||||||||||
| Unrestricted | funds | |||||||||||
| General fund |
1,091,976 | 39,379 | 1,131,355 | |||||||||
| Restricted funds | ||||||||||||
| Prize Fund | 10,024 | 619 | 10,643 | |||||||||
| School Development | Fund | 6,607 | 2,892 | 9,499 | ||||||||
| Sir Alan Tod | Travel Scholarship | Fund | 141,018 | 28,170 | 169,188 | |||||||
| 157,649 | 31,681 | 189,330 | ||||||||||
| Endowment | funds | |||||||||||
| Endowment | Fund | —Buildings | 2,148,786 | 2,148,786 | ||||||||
| TOTAL FUNDS | 3,398,411 | 71,060 | 3,469,471 | |||||||||
| A current year 12 | months | and | prior year 12 months | combined | net movement | in funds, | included in |
|||||
| above are as follows: | ||||||||||||
| Incoming | Resources | Gains and | Movement | |||||||||
| resources | expended | losses | in funds | |||||||||
| F | 6 | |||||||||||
| Unrestricted | funds | |||||||||||
| General fund |
78,895 | (84,494) | 44,978 | 39,379 | ||||||||
| Restricted funds | ||||||||||||
| Prize Fund | 233 | 386 | 619 | |||||||||
| School Development | Fund | 2,892 | 2,892 | |||||||||
| Sir Alan Tod | Travel Scholarship | Fund | 5,940 | 22,230 | 28,170 | |||||||
| 9,065 | 22,616 | 31,681 | ||||||||||
| TOTAL FUNDS | 87,960 | (84,494) | 67,594 | 71,060 |
| for the Year Ended 31 Au | ust 2022 | ||||
|---|---|---|---|---|---|
| 31.8.22 | 31.8.21 | ||||
| F | E | ||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Donations | 1,565 | 1,326 | |||
| Investment income |
|||||
| Rents received | 13,910 | 12,840 | |||
| Other rental income | 7,000 | 7,000 | |||
| Dividends and interest |
23,358 | 20,938 | |||
| Deposit account interest | 5 | 18 | |||
| 44,273 | 40,796 | ||||
| Total incoming resources |
45,838 | 42,122 | |||
| EXPENDITURE | |||||
| Other trading activities |
|||||
| Investment management |
fees | 7,369 | 6,985 | ||
| Charitable activities |
|||||
| Insurance | 6,171 | 5,298 | |||
| Repairs and renewals | 758 | ||||
| Mast Tower annual fee | 7,000 | 7,000 | |||
| Secretarial services | 765 | ||||
| School Development Fund released |
to the | ||||
| school | 41,828 | ||||
| 55,764 | 13,056 | ||||
| Support costs | |||||
| Governance costs | |||||
| Accountancy and legal |
fees | 720 | 600 | ||
| Total resources expended | 63,853 | 20,641 | |||
| Net (expenditure)/income | before | gains | |||
| and losses | (18,015) | 21,481 | |||
| Realised recognised gains and losses |
|||||
| Realised gains/(losses) | on fixed asset | ||||
| investments | 6,190 | 3,771 | |||
| Net (expenditure)fincome | (11,825) | 25,252 |