2022-07-31-accounts

Contents	Page
Legal & administrative details	1
Trustees' report	2- 3
Independent examiners report	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7-13

Trustees:	The Right Reverend Dr David Walker - Chair
	Mr Christopher Bredholt
	Ms R. Dawson
	The Venerable Dr William M Jacob
	Professor Frances Knight
	The Reverend Dr Stephen Spencer
Charity Number:	527278
Registered Office:	c/o Atherden & Co
	Chartered Accountants
	PO Box 660
	Altrincham
	WA14 3UZ
Bankers:	Natwest Bank plc
	42 High Street
	Sheffield
	S1 2GE
Independent Examiner:	Natalie Bracey FCA
	Hart Shaw LLP
	Chartered Accountants
	Europa Link
	Sheffield Business Park
	Sheffield
	S91XU

111~ =5

	Note		2022	2021
		£	£	£
Fixed assets
Investments	6		3,252,162	3,400,332
			3,252,162	3,400,332
Current assets
Debtors	7	22,461		19,845
Cash at bank and in hand		87,808		80,163
		110,269		100,008
Creditors:
Amounts falling due within one year	8	(109,447)		(62,021)
Net current assets			822	37,987
Net assets			3,252,984	3,438,319
Funds
Unrestricted	9		3,021,169	3,203,929
Restricted	10		7,250	7,250
Endowment	11		224,565	227,140
			3,252,984	3,438,319

		2022	2021
		Total	Total
		Funds	Funds
	Notes	£	£
Net cash used in operating activities	14	(100,021)	(92,553)
Cash flows from investing activities:
Interest, dividends from investments		99,319	86,536
Proceeds from the sale of investments		263,869	606,742
Purchase of investments		(259,707)	(591,543)
Change in capital float		4,185	(7,161)
Net cash provided by investing activities		107,666	94,574
Change In cash and cash equivalents in the year		7,645	2,021
Cash and cash equivalents brought forward		80,163	78,142
Cash and cash equivalents carried forward		87,808	80,163

Investment income
	Unrestricted	Restricted	Endowment	Total	Total
	Funds	Funds	Funds	Funds	Funds
	2022	2022	2022	2022	2021
	£	£	£	£	£
Income from quoted investments	99,233	-	-	99,223	86,525
Bank & other interest	86	-	-	86	11
	99,319	-	-	99,319	86,536

	Unrestricted	Restricted	Endowment		Total	Total
	Funds	Funds	Funds		Funds	Funds
	2022	2022	2022		2022	2021
	£	£	£		£	£
Teaching costs	126,235	-	-		126,235	112,720
Support costs	1,483	-	-		1,483	1,118
Administrator & accountancy costs	6,918		•		6,918	6,840
Independent examination costs	1,224	*	-		1,224	1,087
Trustee meetings and other travel costs	274	-	-		274
	136,134	__		■	136,134	121,765

	Staff		Other	Total	Total
	Costs	Depreciation	Costs	Costs	Costs
	2022	2022	2022	2022	2021
	£	£	£	£	£
Investment management costs	-	-	8,707	8,707	8,228
Direct charitable expenditure	-	-	136,134	136,134	121,765
	-	-	144,841	144,841	129,993

	2022	2021
	£	£
Valuation:
At 1 August	3,400,332	2,851,543
Additions	259,707	591,543
Disposal	(258,235)	(544,266)
Change in capital float	(4,185)	7,161
Unrealised investment gain/(loss)	(145,457)	494,351
At 31 July	3,252,162	3,400,332
	£	£
Analysis
Global Equity Funds excluding UK	812,948	191,148
Global Equities & Equity Funds including UK	1,021,473	1,624,562
Multi-Asset Funds	184,195	400,067
Direct Property & Property Funds	202,202	172,045
Fixed Interest & Fixed Interest Investment Funds	56,805	83,159
Other funds	65,890	-
Equity Investment Instruments	902,886	919,403
Cash	5,763	9,948
	3,252,162	3,400,332
Historical cost:		£
At start of year	2,737,730	2,656,260
At end of year	2,756,551	2,737,730
Debtors	2022	2021
	£	£
Prepayments and accrued income	22,461	19,845
Creditors	2022	2021
	£	£
Amounts falling due within one year:
Accruals and deferred income	109,447	62,021

	Balance at	Incoming		Gains &	Balance at
	1 August 2021	Resources	Expenditure	(losses)	31 July 2022
	£	£	£	£	£
General Fund	3,203,929	99,329	(144,841)	(137,248)	3,021,169
	Balance at	Incoming		Gains &	Balance at
	1 August 2020	Resources	Expenditure	(losses)	31 July 2021
	£	£	£	£	£
General Fund	2,722,320	86,546	(129,993)	525,056	3,203,929
Restricted funds			Incoming/	Gains &
		Balance	(outgoing)	Losses	Balance
	1 August 2021		Resources		31 July 2022
		£	£	£	£
General		7,250	•	-	7,250
		7,250	-	-	7,250

Endowment funds
		Balance at	Gains/	Balance at
	**1 **	August 2021	(losses)	31 July 2022
		£	£	£
Mitchell Bequest		21,354	(244)	21,110
Beck and Lawson Trust		4,012	(46)	3,966
N B Jarvis (Greenleaves)		1,239	-	1,239
Booth Bequest		170	(2)	168
Garton Bequest		2	-	2
Burgh College - Bursary (Moore) Trust		10,543	(120)	10,423
Burgh College - Sale proceeds Trust		186,878	(2,130)	184,748
Burgh College - Wheat Trust		2,942	(33)	2,909
		227,140	(2,575)	224,565

12. Analysis of net assets between funds
	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	Funds
	£	£	£	£
Fund balances at 31 July 2022
Fixed Assets - Investments	3,028,838	-	223,324	3,252,162
Current assets	101,778	7,250	1,241	110,269
Current liabilities	(109,447)	-	-	(109,447)
Total Net Assets	3,021,169	7,250	224,565	3,252,984
Unrealised gains/ (losses) included:
On investment assets	283,383	-	212,229	495,612
	£	£	£	£
Fund balances at 31 July 2021
are represented by:
Fixed Assets - Investments	3,174,433	-	225,899	3,400,332
Current assets	91,517	7,250	1,241	100,008
Current liabilities	(62,021)	-	-	(62,021)
Total Net Assets	3,203,929	7,250	227,140	3,438,319
Unrealised gains/ (losses) included:
On investment assets	447,798	-	214,804	662,602

14. Cash flow	2022	2021
	£	£
Reconciliation of net income to net cash used in operating activities:
Net movement in funds as per the statement of
financial activities	(185,335)	513,380
Adjustments for:
Losses/(gains) on investments	139,823	(556,827)
Deduct interest, dividends from investments	(99,319)	(86,536)
(Increase) in debtors	(2,616)	(765)
Increase in creditors	47,426	38,195
Net cash used in operating activities	(100,021)	(92,553)