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##
|Legal and administrative
details|Legal and administrative
details|Legal and administrative
details|Legal and administrative
details||
|---|---|---|---|---|
|Trustee's
report|||||
|Independent
auditors'||report|||
|Group statement|offinancial||activities||
|Charity statement|of|financial|activities|12|
|Balance sheets||||13|
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##
||||||Permanent|Total|Total|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Funds|Funds|
||||Funds|Funds|Funds|2022|2021|
|||Note|6|6|6|6|K|
|Income and endowments|from:|||||||
|Donations
from the Trustee|||50,000|||50,000|30,000|
|Investments:||||||||
|Investment
income|||21,306||80,292|101,598|97,695|
|Rental income|||2,066|||2,066|2,031|
|Charitable
activities:||||||||
|School buildings
contributions|||50,000|||50,000|50,000|
|Other income:||||||||
|Other||||||||
|Total return allocated to|income||38,353|41,939|(80,292)|||
||||161,725|41,939||203,664|179,726|
|Expenditure
on:
Raising funds|||4,046|||4,046|21,711|
|Charitable
activities:||||||||
|Donations
and grants
Other costs|||42,644
44,554||36,923|42,644
81,477|98,380
104,874|
|||3|91,244||36,923|128,167|224,965|
|Net income/(expenditure)
gains on investments|before||70,481|41,939|(36,923)|75,497|(45,239)|
|Net gains on investments||5|74,595||(197,693)|(123,098)|534,640|
|Net income/(expenditure)|||145,076|41,939|(234,616)|(47,601)|489,401|
|Transfers
between funds||11|(3,667)||3,667|||
|Net movement
in funds|||141,409|41,939|(230,949)|(47,601)|489,401|
|Reconciliation
of Funds:||||||||
|Total funds brought
forward|||72,810|82,175|5,158,671|5,313,656|4,824,255|
|Total funds carried forward||11|214,219|124,114|4,927,722|5,266,055|5,313,656|
##
##
||||||Permanent|Total|Total|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Funds|Funds|
||||Funds|Funds|Funds|2022|2021|
|||Note|E|E|E|E|E|
|Income and endowments|from:|||||||
|Donations
from the Trustee|||50,000|||50,000|30,000|
|Investments:||||||||
|Investment
income|||21,306||80,292|101,598|97,695|
|Rental income|||2,066|||2,066|2,031|
|Interest due from subsidiary
company|||||||975|
|Charitable
activities:||||||||
|School buildings
contributions|||50,000|||50,000|50,000|
|Other income:||||||||
|Total return
allocated to|income||38,353|41,939|(80,292)|||
||||161,725|41,939||203,664|180,701|
|Expenditure
on:
Raising funds|||5,786|||5,786|24,246|
|Charitable
activities:||||||||
|Donations
and grants
Other costs|||42,644
42,814||36,923|42,644
79,737|98,380
103,314|
|||3|91,244||36,923|128,167|225,940|
|Net income/(expenditure)|before|||||||
|gains on investments|||70,481|41,939|(36,923)|75,497|(45,239)|
|Net gains on investments||5|74,595||(197,693)|(123,098)|534,640|
|Net income/(expenditure)|||145,076|41,939|(234,616)|(47,601)|489,401|
|Transfers
between
funds||11|(3,667)||3,667|||
|Net movement
in funds|||141,409|41,939|(230,949)|(47,601)|489,401|
|Reconciliation
of Funds:||||||||
|Total funds
brought
forward|||72,810|82,175|5,158,671|5,313,656|4,824,255|
|Total funds carried forward||11|214,219|124,114|4,927,722|5,266,055|5,313,656|
##
##
|||||||Group||Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2021|2022|2021|
||||||Note|||||
|Fixed assets||||||||||
|Tangible assets
Investments|||||4
5|1,478,564
3,954,610|1,515,487
4,005,709|1,478,564
3,954,610|1,515,487
4,005,709|
|Investment
in subsidiary
company
Loan to subsidiary
company|||||12
12|—|-|-|6,649
24,375|
|||||||5,433,174|5,521,196|5,433,174|5,552,220|
|Current assets||||||||||
|Debtors: amounts
receivable
Investments:
deposits||||within one year|7|65,566
42,300|43,388
42,300|65,566
42,300|43,388
42,300|
|Cash at bank||||||49,262|35,970|49,262||
|||||||157,128|121,658|157,128|85,688|
|Liabilities||||||||||
|Creditors: amounts|falling due within one year||||8|(243,747)|(202,698)|(243,747)|(197,752|
|Net current
liabilities||||||(86,619)|(81,040)|(86,619)|(112,064|
|Total assets less|current||liabilities|||5,346,555|5,440,156|5,346,555|5,440,156|
|Creditors: amounts|falling||due after more than|||||||
|one year|||||9|(80,500)|(126,500)|(80,500)|(126,500|
|Total net assets||||||5,266,055|5,313,656|5,266,055|5,313,656|
|The Funds ofthe|Charity:|||||||||
|Permanent
endowment||funds|||11|4,927,722|5,158,671|4,927,722|5,158,671|
|Restricted
funds|||||11|124,114|82,175|124,114|82,175|
|Unrestricted
funds|||||11|214,219|72,810|214,219|72,810|
|Total Charity
Funds||||||5,266,055|5,313,656|5,266,055|5,313,656|
##
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##
##
##
##
##
##
|INVESTMENT INCOME||||||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||||2022|2021|
|||||||E|E|
|Interest receivable|||||21,306||21,217|
|Distributions
from Haberdashers'||Charities|Investment|Pool|80,292||76,478|
|Total —Charity and Group|||||101,598||97,695|
|ANALYSIS OF EXPENDITURE||||||||
|||Charitable||Raising|Govern-|Total|Total|
|||activities||funds|ance|2022|2021|
||||E|E||E|E|
|Costs directly allocated to||||||||
|activities||||||||
|Insurance
ofSchool buildings|||12,179|||12,179|9,991|
|Less: insurance
paid by School
Depreciation
ofSchool buildings
Grants to School||(14,523)
36,923
42,644||||(14,523)
36,923
42,644|(9,522)
36,923
98,380|
|Property advice and management
fees||||209||209|3,247|
|Legal fees and professional
Loan interest|advice|||3,837|13,067|13,067
3,837|34,416
3,986|
|Impairment
of investment
of
subsidiary
company||||1,740||1,740|17,013|
|Support costs
Allocated direct|||||324|324|72|
|Allocated on the basis ofstaff time:||||||||
|Staff costs|||24,757||2,998|27,755|27,654|
|Service charges|||3,579||433|4,012|3,780|
|Total expenditure
—Charity||105,559||5,786|16,822|128,167|225,940|
|Other expenditure
—subsidiary
company
Consolidation
adjustment||||(1,740)|1,740
—|1,740
(1,740)|16,038
(17,013)|
|Total expenditure
-Group||105,559||4,046|18,562|128,167|224,965|
##
##
##
##
##
|Expenditure
on
legal fees and
professional
advic
Charity's
auditors
(including
VAT):|e
includes
the|followin|g
amounts
paid
to the|g
amounts
paid
to the|
|---|---|---|---|---|
||Group||Charity||
||2022
6|2021
6|2022
5|2021
f|
|Audit fees —current year
Audit fees —prior year
Tax advisory services|8,190
4,240|9,360
5,364
4,929|8,190
4,240|9,360
5,364
3,369|
|Total —Charity and Group|12,430|19,653|12,430|18,093|
|TANGIBLE ASSETS —CHARITY AND GROUP|||||
||||2022|2021|
|Freehold
Land and Buildings||||6|
|Cost|||||
|Boarding House
Longford
Hall
Land at rear of Lloyds Bank Pic
Reinstallation
ofstaircase
in School House|||1,570
66,608
1,295
30,000|1,570
66,608
1,295
30,000|
|Wood Centre —classroom
block|||350,173|350,173|
|Coach House|||140,000|140,000|
|Beaumaris
Hall|||904,750|904,750|
|Old alms house buildings|||369,500|369,500|
|Balance at 31 August 2022||1,863,896||1,863,896|
|Depreciation
Balance at 31 August 2021
Charge for the year|||348,409
36,923|311,486
36,923|
|Balance at 31 August 2022|||385,332|348,409|
|Net book value —Charity
and Group
At 31 August 2022|||1,478,564|1,515,487|
|At 31 August 2021|||1,515,487|1,552,410|
##
##
||||Unrestricted|Permanent|Group|
|---|---|---|---|---|---|
||||Funds|Endowment|Total|
|||||Funds||
|Freehold
investment
property||||||
|Market value at|1 September 2021|||115,500|115,500|
|Market value at|31 August 2022|||115,500|115,500|
|Haberdashers'|Charities
Investment|Pool||||
|Market value at|1 September
2021|||3,547,068|3,547,068|
|Unrealised
gain|(loss)|||(197,693)|(197,693)|
|Market value at|31 August 2022|||3,349,375|3,349,375|
|Diversified
Property
Fund for Charities||||||
|Market value at|1 September 2021||291,637||291,637|
|Increase
in investment
cash|||50,000||50,000|
|Unrealised
gain|||62,794||62,794|
|Market value at|31 August 2022||404,431||404,431|
|Property
Income Trust for Charities||||||
|Market value at|1 September 2021||51,504||51,504|
|Increase
in investment
cash|||22,000||22,000|
|Unrealised
Gain|(loss)||11,800||11,800|
|Market value at|31 August 2022||85,304||85,304|
|Total market value at 31 August 2022|||489,735|3,464,875|3,954,610|
|Total market value at 31 August 2021|||343,141|3,662,568|4,005,709|
##
##
|||||Trust|Trust|Unapplied|||
|---|---|---|---|---|---|---|---|---|
|||||for||Total|Total|Total|
|||||investment|f|Return
E|2022
E|2021
6|
|Trust for investment||at 1|September 2021|1,822,953||1,724,115|3,547,068|3,040,300|
|Investment|returns:||||||||
|Investment|income|||||80,292|80,292|76,478|
|Realised and unrealised|||gains|||(197,693)|(197,693)|506,768|
|Transfer to|trust for application|||||(80,292)|(80,292)|(76,478)|
|Trust for investment||at|31August 2022|1,822,953||1,526,422|3,349,375|3,547,068|
##
##
||Group||Charity||
|---|---|---|---|---|
||2022|2021|2022|2021|
||6||6|6|
|Interest receivable|3,769|2,917|3,769|2,917|
|Rents receivable|463|432|463|432|
|investment
income|7,787|5,657|7,787|5,657|
|Prepayments
Other debtors and prepayments|17,012
36,535|1,842
32,540|17,012
36,535|1,842
32,540|
||65,566|43,388|65,566|43,388|
##
##
##
|CREDITORS: AMOUNTS
FALLING DUE WIT|HIN ONE YEAR||||
|---|---|---|---|---|
||Group||Charity||
||2022|2021|2022|2021|
||6||||
|Purchase of alms house|92,375|92,375|92,375|92,375|
|Bank loan|46,000|46,000|46,000|46,000|
|Loan interest payable to the Haberdashers
Operating
Company
Bank overdraft||14,478||11,092|
|Grants to beneficiaries|6,795|6,795|6,795|6,795|
|Loan interest accrued|801|306|801|306|
|Deferred
income|4,166|4,167|4,166|4, 167|
|Other creditors
and accruals|93,610|38,577|93,610|37,017|
||243,747|202,698|243,747|197,752|
##
|||Group
2022|2021|Charity
2022|2021|
|---|---|---|---|---|---|
||||8|||
|Bank loan repayable
1 to 2 years
2 to 5 years|as follows:|46,000
34,500|46,000
80,500|46,000
34,500|46,000
80,500|
|||80,500|126,500|80,500|126,500|
##
##
|ANALYSIS OF GROUP NET|ASSETS BET|WEEN FUNDS||||
|---|---|---|---|---|---|
|||||Permanent||
||Subsidiary|Unrestricted|Restricted|Endowment|Total Funds|
||Company|Funds|Funds|Funds|E|
||E|||||
|Tangible assets
Fixed asset investments||489,734||1,478,564
3,464,876|1,478,564
3,954,610|
|Net current assets/(liabilities)||(193,776)|124,114|615|(69,047)|
|Creditors due after more than||(64,167)||(16,333)|(80,500)|
|one year||||||
|||231,791|124,114|4,927,722|5,283,627|
##
##
|||Balance|Income|Expend-|Net|Net|Balance|
|---|---|---|---|---|---|---|---|
|||31August||iture|investment|transfers|31 August|
|||2021|||gains/||2022|
|||E||E|(losses)||E|
||||||E|||
|Unrestricted
Funds||||||||
|General fund
Designated
school fund (a)||(37,457)
138,618|111,725
50,000|(85,666)
(3,838)|74,595|(63,197)
29,439|214,219|
|Unrestricted
—Charity||101,161|161,725|(89,504)|74,595|(33,758)|214,219|
|Subsidiary
company||(28,351)||(1,740)||30,091||
|Unrestricted
—Group||72,810|161,725|(91,244)|74,595|(3,667)|214,219|
|Restricted
Funds||||||||
|Annual
Payments
Fund (b)
Governors'
Fund (c)
School Maintenance
Fund (d)||7,788
74,387|41,939||||7,788
116,326|
|||82,175|41,939||||124,114|
|Endowment
Funds||||||||
|Permanent
Endowment|(e)|3,304,697||(36,923)|(94,363)|3,667|3,177,078|
|Second Permanent||||||||
|Endowment
(f)||1,853,974|||(103,330)||1,750,644|
|||5,158,671||(36,923)|(197,693)||4,927,722|
|Total Funds —Group
Charity|and|5,313,656|203,664|(128,167)|(123,098)||5,266,055|
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Permanent|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Endowment|Funds|
||||||Funds|2021|
||||||6||
|Income and endowments||from:|||||
|Donations
from the Trustee|||30,000|||30,000|
|Investments:|||||||
|Investment
income|||21,217||76,478|97,695|
|Investment
property|||2,031|||2,031|
|Charitable
activities:|||||||
|School buildings
contributions|||50,000|||50,000|
|Other income:|||||||
|Other|||||||
|Total return allocated|to|income|36,477|40,001|(76,478)||
||||139,725|40,001||179,726|
|Expenditure
on:
Cost of raising funds|||21,711|||21,711|
|Charitable
activities
Donations
and grants
Other costs|||32,428
67,951|65,952|36923|98,380
103314|
||||122,090|65,952|36,923|224,965|
|Net (expenditure)/income||before gains|||||
|on investments
and tangible|||17,635|(25,951)|(36,923)|(45,239)|
|investments|||||||
|Net (losses)/gains
on|investments||27,872||506,768|534,640|
|Net income/(expenditure)|||45,507|(25,951)|469,845|489,401|
|Transfers
between funds|||(3,667)||3,667||
|Net movement
in funds|||41,840|(25,951)|473,512|489,401|
|Reconciliation
of Funds:|||||||
|Fund balances
brought|forward||30,970|108,126|4,685,159|4,824,255|
|Fund balances carried|forward||72,810|82,175|5,158,671|5,313,656|
##
##
|||||Permanent|Total|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Funds|
|||Funds|Funds|Funds|2021|
|||E||E|6|
|Income and endowments|from:|||||
|Donations
from the Trustee||30,000|||30,000|
|Investments:||||||
|Investment
income||21,217||76,478|97,695|
|Rental income||2,031|||2,031|
|Charitable
activities:||||||
|School buildings
contributions||50,000|||50,000|
|Other income:||||||
|Other||||||
|Total return allocated to|income|36,477|40,001|(76,478)||
|||139,725|40,001||179,726|
|Expenditure
on:
Raising funds||21,711|||21,711|
|Charitable
activities:||||||
|Donations
and grants
Other costs||32,428
67,951|65,952|36,923|98,380
104,874|
|||122,090|65,952|36,923|224,965|
|Net income (expenditure)
gains on investments|before|17,635|(25,951)|(36,923)|(45,239)|
|Net gains on investments||27,872||506,768|534,640|
|Net income/(expenditure)||45,507|(25,951)|469,845|489,401|
|Transfers
between funds||(3,667)||3,667||
|Net movement
in funds||41,840|(25,951)|473,512|489,401|
|Reconciliation
of Funds:||||||
|Total funds
brought
forward||30,970|108,126|4,685,159|4,824,255|
|Total funds carried forward||72,810|82,175|5,158,671|5,313,656|
##
##
|||Charitable|Raising|Govern-|Total|
|---|---|---|---|---|---|
|||activities|funds|ance
f|2021
f|
|Costs directly allocated to||||||
|activities||||||
|Insurance
ofSchool buildings||9,991|||9,991|
|Less: insurance
paid by School
Depreciation
ofSchool buildings
Grants to School||(9,522)
36,923
98,380|||(9,522)
36,923
98,380|
|Property advice and management
fees|||3,247||3,247|
|Legal fees and professional
Loan interest|advice||3,986|34,416|34,416
3,986|
|Impairment
of investment
of
subsidiary
company|||17,013||17,013|
|Support costs
Allocated
direct||||72|72|
|Allocated
on the basis of staff time:||||||
|Staff costs||25,110||2,544|27,654|
|Service charges||3,432||348|3,780|
|Total expenditure
—Charity||164,314|24,246|37,380|225,940|
|Other expenditure
—subsidiary
company
Consolidation
adjustment|||14,478
(17,013)|1,560
-|16,038
(17,013)|
|Total expenditure
-Group||164,314|21,711|38,940|224,965|
##
|18,
INVESTMENTS FOR THE YEAR ENDED 31AUGUST 2021|18,
INVESTMENTS FOR THE YEAR ENDED 31AUGUST 2021|18,
INVESTMENTS FOR THE YEAR ENDED 31AUGUST 2021|||
|---|---|---|---|---|
|||Unrestricted|Permanent|Group|
|||Funds|Endowment|Total|
||||Funds||
|Freehold investment
property|||||
|Market value at|1 September 2020||115,500|115,500|
|Market value at|31 August 2021||115,500|115,500|
|Haberdashers'|Charities
Investment|Pool|||
|Market value at|1 September 2020||3,040,300|3,040,300|
|Unrealised
gain|||506,768|506,768|
|Market value at|31 August 2021||3,547,068|3,547,068|
|Diversified
Property
Fund for Charities|||||
|Market value at|1 September 2020|269,007||269,007|
|Unrealised
gain||22,630||22,630|
|Market value at|31 August 2021|291,637||291,637|
|Property
Income Trust for Charities|||||
|Market value at|1 September 2020|197,262||197,262|
|(Decrease)
in investment
cash||(151,000)||(151,000)|
|Unrealised
Gain|(loss)|5,242||5,242|
|Market value at|31August 2021|51,504||51,504|
|Total market value at 31 August 2021||343,141|3,662,568|4,005,709|
|Total market value at 31 August 2020||466,269|3,155,800|3,622,069|
##
|ANALYSI
2021|S|OF GROUP NET A|SSETS BETW|EEN FUNDS|FOR THE YE|AR ENDED 3|1AUGUST|
|---|---|---|---|---|---|---|---|
|||||||Permanent||
||||Subsidiary|Unrestricted|Restricted|Endowment|Total|
||||Company|Funds|Funds|Funds|Funds|
||||E|8|E||E|
|Tangible assets||||||1,515,487|1,515,487|
|Fixed asset||investments||343,141||3,662,568|4,005,709|
|Investment||in subsidiary|(59,375)|||59,375||
|Net current||assets/(liabilities)|31,024|(141,147)|82,175|(53,092)|(81,040)|
|Creditors|due after more than|||(100,833)||(25,667)|(126,500)|
|one year||||||||
||||(28.351)|101,161|82,175|5,158,671|5,313,656|
||||||Net|||
|---|---|---|---|---|---|---|---|
|||Balance||Expend-|investment|Net|Balance|
|||31August|Income|iture|gains/|transfers|31August|
|||2020|||(losses)||2021|
|||E|||F||E|
|Unrestricted
Funds||||||||
|General
fund
Designated
school fund|(a)|(54,576)
96,884|90,700
50,000|(101,453)
(4,599)|27,872|(3,667)|(37,457)
138,618|
|Unrestricted
—Charity||42,308|140,700|(106,052)|27,872|(3,667)|101,161|
|Subsidiary
company||(11,338)|(975)|(16,038)|||(28,351)|
|Unrestricted
—Group||30,970|139,725|(122,090)|27,872|(3,667)|72,810|
|Restricted
Funds||||||||
|Annual
Payments
Fund (b)
Governors'
Fund (c)
School Maintenance
Fund (d)||7,788
100,338|40,001|(65,952)|||7,788
74,387|
|||108,126|40,001|(65,952)|||82,175|
|Endowment
Funds||||||||
|Permanent
Endowment|(e)|3,096,061||(36,923)|241,892|3,667|3,304,697|
|Second Permanent||||||||
|Endowment
(f)||1,589,098|||264,876||1,853,974|
|||4,685,159||(36,923)|506,768|3,667|5,158,671|
|Total Charity Funds||4,824,255|179,726|(224,965)|534,640||5,313,656|