## ## |**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)| ##