Christ’s College Canterbury
Notes to the financial statements for the year ended 31 January 2026
2026 $000
2025 $000
7
Employee benefit expense
Salaries & Wages Health Insurance
15,669 15,352
103 249 276 183
125 225 148 146
Relief Costs
Coaching
Other employee costs
Total employee benefit expenses
16,480 15,996
8
Cash and cash equivalents Cash at bank and on hand
191
285 389 674
Short Term Deposits
-
Cash and cash equivalents
191
There are no restrictions over any of the cash and cash equivalent balances held by College. At 31 January 2026 $800k of cash was offset against the secured bank term loan (2025: nil).
9 Reconciliation of Net Surplus to cash flow from operating activities Net Surplus
5,152
5,393
Add/(less) non-cash items Depreciation
2,387
2,154
Unrealised gains from managed funds Unrealised losses from financial instruments
(7,497) (8,605)
38 35
76
Loss/(Gain) on PPE disposal
(39)
Total non-cash items
(5,037) (6,414)
Add/(less) movements in: Accounts Receivable
(414) (1,060)
Prepayments
272 (64) 154
(393) (104) (351) 1,461
Inventory
Accounts Payable Other Liabilities Due to Employees Income in Advance
1,321
(7)
39
150
2,469
Net movements
1,412
2,061
Interest
643
451
Net Cash Flows from Operating Activities
2,169
1,491
10 Receivables from exchange transactions Trade receivables from exchange transactions
3,499
3,091
Less allowance for expected credit losses
(23)
(30)
Net trade receivables from exchange transactions
3,476
3,061
Impairment allowance movement Opening balance
(30)
(36)
Decrease in allowance Write off to bad debts
7
4 2
-
Closing balance
(23)
(30)
27
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