| Page | |||
|---|---|---|---|
| Trustees and | Professional Advisors |
||
| Report ofthe | Trustees | 3-5 | |
| Statement of | Trustees' | Responsibilities | |
| Independent | Auditor's | Report | 6-7 |
| Statement of | Financial | Activities | |
| Balance Sheet | |||
| Notes to the Financial | Statements | 10-14 |
| Trustees | BJ O' Brien (Chairman) | BJ O' Brien (Chairman) | |||
|---|---|---|---|---|---|
| R C Fletcher (up | to 23 | May 2022) | |||
| P RA Green | |||||
| P A Nicholls | |||||
| Bankers | National Westminster |
Bank pic | |||
| 9 North Street | |||||
| Rugby | |||||
| Warwickshire | |||||
| CV21 2FB | |||||
| Investment | Managers | Quilter Cheviot | Ltd | ||
| Senator House | |||||
| 85 Queen Victoria Street | |||||
| London | |||||
| EC4V 4AB | |||||
| Independent | Auditor | Crowe U.K. LLP | |||
| 4'" Floor, StJames House | |||||
| StJames Square | |||||
| Cheltenham | |||||
| GL50 3PR | |||||
| Principal | Office | The Bursary, Rugby School |
|||
| 10, Little Church | Street, Rugby, CV21 3AW |
| Restricted | Funds | ||||||
|---|---|---|---|---|---|---|---|
| Note | Year | Year | |||||
| 2022 | 2021 | ||||||
| f | f | ||||||
| INCOME FROM: | |||||||
| Investment income |
26,322 | 22,545 | |||||
| EXPENDITURE ON: | |||||||
| Raising Funds | |||||||
| Investment management |
charges | 7,819 | 5,290 | ||||
| Charitable activities |
|||||||
| Bursaries to students | at Rugby School | 44,925 | 53,093 | ||||
| Total Expenditure | 52,744 | 58,383 | |||||
| Net Expenditure | (26,422) | (35,838) | |||||
| Net gains/(losses) on investments |
(234,171) | 406,913 | |||||
| NET INCOME AND MOVEMENT | IN FUNDS | (260,593) | 371,075 | ||||
| Reconciliation ofFunds: |
|||||||
| Balance brought forward |
at 1July | 2,139,166 | 1,768,091 | ||||
| Balance carried forward | at 30June | 1,878,573 | 2,139,166 |
| NVESTMENTS | |
|---|---|
| 2022 | |
| f | |
| Balance at 1July Additions |
2,093,198 316,416 |
| Disposals at net proceeds Revaluation gains Balance at 30June |
(323,414) (234,171) 1,852,029 |
| Listed on the UK Stock Exchange | 1,827,764 |
| Cash deposits | 24,265 1,852,029 |
| All investments relate to the restricted fund. |