2022-06-30-accounts - Rugby School

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		Page
Governors, Principal Officers and Professional	Advisers
The Report ofthe Governing Body		5-22
Independent Auditor's Report		23-24
Consolidated Statement of Financial Activities		25
Balance Sheets		26
Consolidated Cash Flow Statement		27
Notes tothe Financial Statements		28-55

averages, as the exams a	way from teacher	assessed grad	es which were	used nation	ally in summ	er 2021:
All figures in percent	2022	2021	2020	2019	Eng. 2022	Eng. 2021
A Levels (including
Pre-U)
A*-A	67.6	83.3	70.5	63.8	35.8	44.3
A*- B	86.1	95.6	90.8	85.4	62.2
A*- E(pass)	100.0	100.0	100.0	100.0	984
GCSE
A*/9-8	65.6	77.7	66.4	61.9
A*-A/9-7	83.0	91.7	85.9	77.0	26.3	30.0
A*-B/9 —6	92.9	97.7	95.5	86.8
A*-C (pass) / 9-4	99.6	100.0	100.0	97.7	67.3	79.1

			Funds:	Unrestricted	Endowed	Restricted	2022	Unrestricted	Endowed	Restdicted	2021
			Notes	E'000	E'000	E'000	E'000	E'000	E'000	E'000	E'000
INCOME AND ENDOWMENTS		FROM:
Charitable Activities
School fees receivable				35,113			35,113	31,807			31,807
Ancillary trading income				1,527			1,527	948			948
Other Trading Activities
Trading income (non-ancillary)				1,759			1,759	873			873
Investments
Investment income				406	69	5,489	5,964	286	64	4,829	5,179
Voluntary Sources
Donations and legacies				1	1,382	676	2,059	187	188	532	907
Other				5		72	77	1,498		6	1,504
Total Income				38,811	1,451	6,237	46,499	35,599	252	5,367	41,218
EXPENDITURE ON:
Raising Funds
Trading				889			889	596			596
Financing costs				963			963	268			268
Investment management		costs		12		2,029	2,041	10		1,892	1,902
Fund-raising and development						506	506			372	372
Total costoffundraising				1,864		2,535	4,399	874		2,264	3,138
Charitable Activities
School operations				37,515			37,515	34,026			34,026
Scholarships, bursaries	and	prizes				3,587	3,587			4,131	4,131
Payment to Lawrence Sheriff School						681	681			667	667
Costs ofCharitable Activities				37,515		4,268	41,783	34,026		4,798	38,824
Total Expenditure				39,379		6,803	46,182	34,900		7,062	41,962
Net (Expenditure)/Income				(568)	1,451	(566)	317	699	252	(1,695)	(744)
Net gains/(losses) on investments			13	(1,619)	10,561	(2,463)	6,479	2,412	8,544	4,429	15,385
Net Income				(2,187)	12,012	(3,029)	6,796	3,111	8,796	2,734	14,641
Transfer between funds			20,21,22		(69)	61			(599)	599
Actuarial (loss)/gain on defined benefit pension scheme			18	1,113			1p113	1,240			1,240
NET MOVEMENT IN FUNDS				(1,066)	11,943	(2,968)	7,909	4,351	8,197	3,333	15,881
Reconciliation ofFunds
Balances brought forward
at 1July				70,130	132,809	24,725	227,664	65,779	124,612	21,392	211,783
BALANCES CARRIED FORWARD
at 30June				69,064	144,752	21,757	235,573	70,130	132,809	24,725	227,664

AS AT30JUNE 2	022
			Parent	Charity	Consolidated
			2022	2021	2022	2021
		Notes	f'000	f'000	E'000	E'000
FIXEDASSETS
Freehold properties, fixtures Lequipment		12	59,173	56,115	59,173	56,115
Investments		13	155,156	150,203	174,393	171,787
			214,329	206,318	233,566	227,902
CURRENT ASSETS
Stock			0	1	78	61
Debtors		14	6,280	6,811	7,102	6,261
Investments —deposits			513	680	513	680
Bank and cash			43,588	6,915	43,680	7,093
			50,381	14,407	51,373	14,095
CURRENT LIABILITIES
Creditors due within one	year	15	(9,802)	(9,132)	(10,190)	(9,365)
NET CURRENT ASSETS			40,579	5,275	41,183	4,729
TOTAL ASSETS LESSCURRENT LIABILITIES			254,908	211,593	274,749	232,631
CREDITORS due after more than one year		16	(3&,813)	(3,615)	(38,873)	(3,615)
NET ASSETS EXCLUDING	PENSION LIABILITY		216,095	207,978	235,876	229,016
PROVISIONS
Defined benefit pension	scheme liability	18	(303)	(1,352)	(303)	(1,352)
NET ASSETS INCLUDING	PENSION LIABILITY	19	215,792	206,626	235,573	227,664
FUNDS OF THE CHARITY:
Endowment funds		20	133,371	121,521	144,752	132,809
Restricted funds		21	13,342	14,967	21,757	24,725
Unrestricted funds:
Unrestricted income funds			69,382	71,490	69,367	71,482
Pension reserve			(303)	(1,352)	(303)	(1,352)
Total unrestricted funds		22	69,079	70,138	69,064	70,130
TOTAL CHARITY FUNDS			215,792	206,626	235,573	227,664

CONSOLIDATED CASH FL FOR THE YEAR ENDED 30	OW STATEM JUNE 2022	ENT
					Consolidated
				2022		2021
				E'000		E'000
Reconciliation ofnet income to net cash flow from operating			activities:
Net Income forthe reporting period (as per the Statement of Financial Activities)				318		(746)
Elimination ofnon-operating cash flows:
Investment income and bank interest receivable				(749)		(634)
Endowment donations				(1,382)		(187)
Depreciation				3,961		3,739
Transfer ofFixed Assets from Bilton Grange merger (g		NBV)
(Increase)/Decrease in stocks				(171
(increase)/Decrease in debtors				(633)		(1,661)
Increase/(Decrease) in creditors				1,233		1,245
Increase/(Decrease) in Fees in advance	scheme			(148)		(45)
Increase/(Decrease) in pension scheme liability				64		43
Net cash provided by operating activities				2,647		1,791
Cash flows from investing activities:
Purchase offixed assets .				(7,021)		(3,455)
Sale offixed assets				(21
Purchase ofinvestments				(8,111)		(15,805)
Sale ofinvestments				12,228		16,326
Investment income and bank interest	receivable			749		634
Transfer (to)/from short term bank deposits				(285)		(438)
Net cash used in investing activities				(2,442)		(2,738)
Cash flows from financing activities:
Increase in debt finance				35,000
New endowments				1,382		187
Net cash provided by financing activities				36,382		187
Change in cash and cash equivalents	in the reporting	period		36,587		(760)
Cash and cash equivalents atthe beginning ofthe reporting			period	7,093		7,848
Cash and cash equivalents atthe end	ofthe reporting	period		43,680		7,088
Analysis ofcash and cash equivalents:
Cash at bank				43,680		7,093
				43,680		7,093

				2022	2021
				f000	f000
The School's fee income	comprises:
Gross fees				37,392	32,890
Less scholarships/bursaries	not funded from	Restricted	Reserves	(1,092)	(220)
Less staff, sibling and other concessions				(1,187)	(863)
School Fees Receivable	(SOFA)			35,113	31,807
Less scholarships/bursaries/grant/prizes/other from Restricted Reserves		awards	funded	(3,587)	(4,131)
Net Fees				31,526	27,676
Add back from Restricted Reserve				3,587	4,131
				35,113	31,807

The total s comprise:	cholarships, grants, prizes and other awards	paid for by Endowed and	Restricted
		2022	2021
		f000	f000
Foundation	Scholarships	110	113
Scholarships		942	1,343
Arnold Foundation awards (means-tested)		1,108	1,018
Bursaries (means-tested)		1,422	1,656
Contribution	to School fees	3,582	4,130
Prizes and Exhibitions		5	1
		3,587	4,131

				2022	2021
				f000	f000
Scholarships				576	220
Bursaries (means-tested)
Contribution	to School fees			576	220
Total scholar	ships,	grants,	prizes and other awards	4,680	4,351

4.	CHARITABLE ACTIVITIES - OTHER INCOME	CHARITABLE ACTIVITIES - OTHER INCOME	CHARITABLE ACTIVITIES - OTHER INCOME	CHARITABLE ACTIVITIES - OTHER INCOME	CHARITABLE ACTIVITIES - OTHER INCOME	CHARITABLE ACTIVITIES - OTHER INCOME	CHARITABLE ACTIVITIES - OTHER INCOME
									2022	2021
									f000	f000
	Other educational charitable			activities
	Registration fees								161	117
	Courses								7	0
	Other including	tradesmen	discounts			and	settlement	fees		0
									168	117
	Other ancillary	activities
	Extra-curricular	activities and		trips (rechargedj					558	338
	Other including	commissions							0	0
									558	338
	Other trading	activities
	School shop, museum, tuckshop				and	events			801	493
									1,527
5.	TRADING INCOME AND EXPENDITURE
									2022	2021
									f000	f000
	Non-ancillary trading activities-including						trading subsidiaries		1,759	873

			Company	Company	Shareholding		Net Assets	Turnover	Expenditure	Profit in
			registration				at 30june	(incl inv't		the Year
			number				2022	income)
						f	f	f'000	f'000	f'000
Rugby School			2264068		100	4	4	1,131	1,123	8
Enterprises
Limited
Rugby School			10238790		100			749	749
International
Limited
Rugby School			10742346		100
Projects
Limited
Little Grange			13879790		100	1	(14,694)		17	(14)
Nursery
Limited
The Arnold			4516482				17,918,148	2,830	1,682	1,148
Foundation		for
Rugby School
Rugby School							1,878,573	26	52	(26)
Combined	War
Memorial	Fund
6. INVESTMENT			INCOME
									2022	2021
									f000	f000
Rents	receivable								5,216	4,546
Income		on	financial	investments					698	611
Interest receivable				on cash	portfolio				50	22
									5,964	5,179

ollows:
				2022	2021
				f000	f000
Cumulative	Leasehold	property	income:
Within one year				4,922	2,348
Between 1—5years				9,563	5,347
Over 5years				16,094	20,659
				30,579	28,354

							2022	2021
			Note	Staff	Other	Deprec'n	Total	Total
				costs	costs
				f000	f000	f000	f000	f000
Costs ofGenerating	and
Managing Funds:
Trading costs				492	397		889	596
Fund-raising costs				270	236		506	372
Finance costs					963		963	268
Investment management Costs					2,041		2,041	1,902
				762	3,637		4,399	3,138
Charitable Activities
School operations:
Teaching				13,772	2,006	524	16,302	14,924
Welfare				1,014	4,704	197	5,915	4,684
Premises				3,587	3,497	3,240	10,324	10,050
Support (including
ancillary trading				2,376	2,283		4,659	3,982
expenditure)
Governance				90	225		315	386
School's operating	costs			20,839	12,715	3,961	37,515	34,026
Scholarships, bursaries prizes		and			3,587		3,587	4,131
Payment to Lawrence Sherriff School					681		681	667
Total Expenditure				21,601	20,620	3,961	46,182	41,962

To	tal resources expended in	clude the following amounts:
			2022	2021
			f000	f000
Amounts accrued to advance		fees	5	5
Governors' travel expenses (6Governors)			28	18
Fees payable to the Charity's		auditors for:
~	The audit ofthe Charity and Group accounts		58	53
~	Tax services			4
~	Pensions audit			6
~	Financial due diligence			15

Total Staff Costs:		2022	2021
		f000	f000
Salaries and wages		17,350	16,024
Social security costs		1,594	1,467
Pension contributions		2,526	2,356
		21,470	19,847
Benefits —health insurance	contributions	131	137
Salaries and wages		21,601	19,984

			2022	2021
			No	No
Teaching			250	223
Operations	and	Administration	453	461
Total			703	684

	2022	2021
f60,000 —f69,999 f70,000 —f79,999	No 24 6	No 24 5
f80,000-f89,999	7	8
f90,000 - f99,999 f100,000 —f109,999 f120,000 —f129,999 f130,000 —f139,999 f150,000 - f159,999 f160,000 —f169,999	1 2 1 1	1 2 2
f230,000 —f239,999
f240,000 —f249,999

		Parent Charity	and Consolidated
	Freehold
	land 5	Assets under	Fixtures S.	Total
	buildings	construction	equipment
COST	f000	f000	f000	f000
As at 1July 2021	93,034	221	7,162	100,417
Additions	6,105	297	619	7,021
Transfers	212	(212)
Disposals			(410)	(410)
As at 30June 2022	99,351	306	7,371	107,028
DEPRECIATION
As at 1July 2021	38,965		5,337	44,302
Charge for the year	3,337		624	3,961
Transfers
Disposals			(408)	(408)
As at 30June 2022	42,302		5,553	47,855
NET BOOK VALUE
As at 30June 2022	57,049	306	1,818	59,173
As at 30June 2021	54,069	221	1,825	56,115

		London	Bilton	Special	Composition
		Estate	Grange	Funds	ofFees	Total
		f000	f000	f000	f000	f000
Balance at 1	July 2021	113,209	5,668	29,830	1,496	150,203
Additions		844	65	3,741	201	4,851
Cash balance	movement	(62)	1	305	24	268
Disposals at net proceeds		(4,800)	(73)	(3,940)	(203)	(9,016)
Revaluations		11,879	(533)	(2,328)	(168)	8,850
Balance at 30June 2022		121,070	5,128	27,608	1,350	155,156
Represented	by:
Freehold properties		115,399				115,399
Financial investments		4,807	5,121	26,799	993	37,720
Cash deposits		864	7	809	357	2,037
		121,070	5,128	27,608	1,350	155,156
Consolidated
		Parent	Arnold		War	Total
		Charity	Foundation		Memorial
		f000	f000		f000	f000
Balance at 1	July 2021	150,203	19,491		2,092	171,786
Additions		4,852	2,918		342	8,112
Cash balance	movement	268	3		(26)	245
Disposals at net proceeds		(9,016)	(2,889)		(324)	(12,229)
Revaluations		8,849	(2,138)		(232)	6,479
Balance at 30June 2022		155,156	17,385		1,852	174,393
Represented	by:
Freehold properties		115,399				115,399
Financial investments		37,720	17,064		1,828	56,612
Cash deposits		2,037	321		24	2,382
		155,156	17,385		1,852	174,393

. DEBTORS
			Parent Charity		Consolidated
			2022	2021	2022	2021
			f000	f000	f000	f000
Trade debtors			2,167	2,888	2,683	3,193
Taxation recoverable		and accrued
income from	HMRC
Other debtors			2,410	812	2,706	1,006
Inter-group	balances		100	1,054
Prepayments	and accrued income		1,603	2,057	1,713	2,057
			6,280	6,811	7,102	6,260

		Parent Charity		Consolidated
		2022	2021	2022	2021
		f000	f000	f000	f000
Finance lease creditor			5		5
Trade creditors		3.311	2,709	3,398	2,782
Taxation and social security		593	551	600	556
Other creditors		1,543	1,745	1,546	1,825
Inter-group balances
Accruals and deferred	income	1,875	1,676	2,156	1,751
Entrance fees and final	term deposits	881	584	890	584
Advance fees		1,127	1,308	1,128	1,308
Advance fees via Scheme (note 17)		472	554	472	554
		9,802	9,132	10,190	9,365

	Parent Charity		Consolidated
	2022	2021	2022	2021
	f000	f000	f000	f000
Finance lease creditor
Debt finance	35,000		35,000
Entrance fees and final term deposits	3,428	3,153	3,488	3,153
Advance fees via Scheme (note 17)	385	462	385	462
	38,813	3,615	38,873	3,615

	2022	2021
	f000	f000
Between 2to 5years	132	168
Between 1to 2 years	253	294
	385	462
Within 1year (note 15)	472	554
Balance at 30June	857	1,016

			2022	2021
			f000	EOOO
Balance	at 1July		1,016	1,061
New contracts			449	622
Refunds
Amounts	accrued	to contracts
			1465	1,684
Amounts	utilised	in payment offees to the School	(608)	(668)
Balance	at 30June		857	1,016

									2022	2021	2021
Rate ofincrease in salaries									n/a		n/a
Rate ofincrease in pensions				payment					5.00%	5.00%
Discount	rate								3.75%	2	08%
Inflation	assumption								3.51%	3.39%
Statutory	rate of increase	of		pensions	in deferment				3.51%	3.39%
Expected	return on Scheme		assets						3.75%	2.08%
Assumes	life expectancy	on	retirement			at age 60:
Retiring	today —males								26.4		26.4
Retiring	today —females								29.0		29.0
Retiring	in 15years —males								27.6		27.5
Retiring	in 15years —females								30.2		30.2
The amounts recognised		in	the balance			sheet are as follows:
							Market		Value	Market	Value
									2022		2021
									f000		f000
Fair value ofScheme assets									6,067		7,057
Present	value offunded	obligations						(6,370)		(8,409)
Deficit in the scheme									(303)	(1,352)
Change	in the present value			ofthe defined benefit			obligation	are as follows:
									2022		2021
									f000		f000
Defined	benefit obligation		at 1July						8,409		8,886
Interest	cost								173		149
Benefits	paid								(190)		(210)
Actuarial	losses/(gains)							(2,022)			(416)
Defined	benefit obligation		at 30June						6,370		8,409

					2022	2021
					f000	f000
Fair value ofscheme assets at 1July					7,057	6,337
Employer Contributions
Benefit payments					(190)	(210)
Expenses paid					(35)
Expected return	on scheme assets				144	106
Actuarial gains /	(losses)				(909)	824
Fair value ofscheme assets at 30June					6,067	7,057
Analysis ofthe amounts		charged within the Statement			of Financial Activities are as follows:
					2022	2021
					f000	f000
Interest on pension scheme			liabilities		(173)	(149)
Expenses					(35)
Expected return	on pension scheme			assets	144	106
Total amount charged to the Financial Activities			Statement of		(64)	(43)
Analysis ofactuarial gains and losses:
					2022	2021
					f000	f000
Actual return less expected assets			return	on scheme	(909)	823
Experience gains	and losses arising			on the	(5)	34
scheme liabilities
Changes to assumption		underlying		the present	2,027	383
value ofthe scheme liabilities
Actua ria I loss					1.113	1,240
The major categories of		Scheme assets as a percentage			oftotal Scheme assets are as follows:
					2022	2021
Equities					23	30
Bonds					20	22
Gilts
Property					9	10
Other					42	33
Cash					6	5
Actual return on	the Scheme		assets	in the period	(f765,000)	f929,000

The net assets are held for the various funds	The net assets are held for the various funds	The net assets are held for the various funds	and advance	fees as follows:
	Endowed	Restricted		Unrestricted	Advance	2022
	Funds		Funds	Funds	Fees	Total
	f000		f.000	f000	f000	f000
Parent Charity
Fixed Assets				59,173		59,173
Investments	128,358		13,024	12,424	1,350	155,156
Net Current Assets/ (Liabilities)	5,013		318	36,289	(1,041)	40,579
Long Term Liabilities				(38,731)	(385)	(39,116)
	133,371		13,342	69,155	p6)	215p792
Consolidated
Fixed Assets				59,173		59,173
Investments	139,206		21,412	12,425	1,350	174,393
Net Current
Assets/(Liabilities)	5,546		345	36,333	(1,041)	41,183
Long Term Liabilities				(38,791)	(385)	(39,176)
	144,752		21,757	69,140	(76)	235,573
(b) Prior year analysis ofnet assets between			funds
The net assets are held for the various		funds	and advance	fees as follows:
	Endowed	Restricted		Unrestricted	Advance	2021
	Funds		Funds	Funds	Fees	Total
	f000		f000	f000	f000	f000
Parent Charity
Fixed Assets				56,115		56,115
Investments	120,633		14,424	13,650	1,496	150,203
Net Current
Assets/ (Liabilities)	888		543	4,808	(964)	5,275
Long Term Liabilities				(4,505)	(462)	(4,967)
	121,521		14,967	70,068	70	206,626
Consolidated
Fixed Assets				56,115		56,115
Investments	132,505		24,136	13,650	1,496	171,787
Net Current
Assets/(Liabilities)	304		589	4,800	(964)	4,729
Long Term Liabilities				(4,SOS)	(462)	(4,967)
	132,809		24,725	70,060	70	227,664

(a)	Current year movement	Current year movement	Current year movement	in endowed funds:	in endowed funds:
				Balance	Incoming	Amounts	Total	Investment	Balance
				at 30June	funds	expended	return to	gains/	at 30
				2021			income	(losses)	June 2022
				f000	f000	f000	f000	f000	f000
	Parent Charity
	London Estates: Property			106,221				12,499	118,720
	London Estates: Equity			5,864	69		(69)	(618)	5,245
	Lewis Benefaction	fund		9,274				(31)	9,244
	Bilton Grange			162	642	(642)			162
				121,521	711	(642)	(69)	11,850	133,371
	Consolidated
	Arnold Foundation	Awards		11,288	740	642		(1,289)	11,382
				132,809	1,451		(69)	10,561	144,752
(b)	Prior year movement		in	endowed funds:
				Balance	Incoming	Amounts	Total	Investment	Balance
				at 30June	funds	expended	return to	gains/	at 30
				2020			income	(losses)	June 2021
				f000		f000	f000	f000	f000
	Parent Charity
	London Estates: Property			102,631				3,590	106,221
	London Estates: Equity			5,333	60		(599)	1,070	5,864
	Lewis Benefaction	fund		7,606				1,668	9,274
	Bilton Grange			138				20	162
				115,708	64		(599)	6,348	121,521
	Consolidated
	Arnold Foundation	Awards		8,904	188			2,196	11,288
				124,612	252		(599)	8,544	132,809

					Preserved	Unapplied	Total
					Value	Value
					f000	f000	f000
Brought forward:
Preserved	Value				4,362		4,362
Unapplied	Total	Return				1,422	1,422
Total					4,362	1,422	5,784
Movement	in reporting		period:
Investment	return: dividend/income
Investment	return: gains/losses					(619)	(619)
Unapplied	total	return	allocated to income
Unapplied	total	return	allocated to capital		693	(693)
Grant to Lawrence Sheriff				School
Net movement		in reporting		period:	693	(1,312	(619)
Carried Forward:
Preserved	Value
Unapplied	Total	Return
Total					5,055	110	5,165

a) Current year	movem	ent in res	tricted fun	ds:
		Balance	Incoming	Amounts	Transfer	Total	Investmen	Balance at 30
		at 30	funds	expended		Return t/f	tgains	June 2022
		June				applied to
		2021				income
		EOOO	EOOO			f000	f000		f000
Parent Charity
Special Funds:
Common Investment Fund		12,559	138	(353)			(1,379)		10,965
Lewis Benefaction	Fund		66	(66)
London Estate		1,653	5,086	(5,157)		69			1,651
School		755	57	(78)	(8)				726
		14,967	5,347	(5,654)	(8)	69	(1,379)		13,342
Consolidated
War Memorial		2,140	26	(53)			(234)		1,879
General Charitable
Trust
Arnold Foundation Rugby School	for	7,618	863	(1,095)			(850)		6,536
		24,725	6,237	(6,803)	(8)	69	(2,463)		21,757

b) Prior year mo	v	ement in	restricted	funds:
			Balance	Incoming	Amounts	Transfer	Total	Investment	Balance
			at 30	funds	expended		Return t/f	gains	at 30
			June				applied to		June
			2020				income		2021
			f000	EOOD	EOOO	f000	f000	f000	f000
Parent Charity
Special Funds:
Common Investment		Fund	10,757	187	(855)			2,470	12,559
Lewis Benefaction	Fund			77	(77)
London Estate			1,713	4,338	(4,997)		599		1,653
School			700	55					755
			13,170	4,657	(5,929)		599	2,470	14,967
Consolidated
War Memorial			1,768	23	(58)			407	2,140
General Charitable	Trust			56	(56)
Arnold Foundation Rugby School		for	6,454	1,058	(1,446)			1,552	7,618
			21,392	5,794	(7,489)		599	4,429	24,725

Arnold Foundation fund is monies given to provide funds and future income fo sary awards to Rugby School.	r the pr
	f000
Expended by the Arnold Foundation in the year to 30June 2022 in accordance with
the wishes ofthe donors:
Bursary awards	1,108
Unexpended balance ofgifts and legacies as at 30June 2022:
Restricted funds to be utilised for Bursary Awards	6,352
Unrestricted funds in Arnold Foundation (but treated as Restricted for the Group) to be utilised for bursary Awards	185
	6,537

Current year	move	me	nt	in unrestricted		funds:
				Balance		Incoming	Amounts	Transfers	Investment	Balance
				30June		funds	expended		gains/	30June
				2021					(losses)	2022
				f000		f000	f000	f000	f000	f000
Parent Charity
Designated funds:
Fixed assets fund				56,115				3,058		59,173
New boarding	house	fund
Building maintenance		fund		283						283
RSE Fund				688						688
Bilton Grange	designated			5,654					(534)	5,120
Bloxam Fund				12,292		(175)			(918)	11,199
General unrestricted		funds:
School operations				(3,543)		37,103	(37,424)	(3,050)	(167)	(7,081)
Pension reserve				(1,352)		-	(64)		1,113	(303)
				70,137		36,928	(37,488)	8	(506)	69,079
Consolidated
Rugby School	Enterprises			(7)		1,131	(1,124)
Rugby School	International					749	(749)
Rugby School	Projects
Little Grange	Nursery						(18)			(15)
				70,130		38,811	(39,379)		(S06)	69,064
) Prior year movement			in	unrestricted	funds:
				Balance		Incoming	Amounts	Transfers	Investment	Balance
				30June		funds	expended		gains/	30June
				2020					(losses)	2021
				f000		f000	f000	f000	f000	f000
Parent Charity
Designated funds:
Fixed assets fund				56,399				(284)		56,115
New boarding	house	fund
Building maintenance			fund	334			(S1)			283
RSE Fund				688						688
Bilton Grange	designated			4,747					907	5,654
Bloxam Fund				10,197		588			1,507	12,292
General unrestricted		funds:
School operations				(4,037)		34,313	(34,101)	284	(2)	(3,543)
Pension reserve				(2,549)		—	(43)		1,240	(1,352)
				65,779		34,901	(34,195)		3,652	70,137
Consolidated
Rugby School	Enterprises					459	(466)
Rugby School	International					499	(499)
Rugby School	Projects
				65,779		35,859	(35,160)		3,652	70,130

			Parent	Charity	Consolidated
			2022	2021	2022	2021
			f000	f000	f000	f000
Payable	within 1	year	283	5	283	5
Payable	between	2to 5years	502		502
Payable	after more than 5years
			785		785