##
##
##
|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Company,|its Trustees and advisers||
|Trustees' report||||2-11|
|Independent|auditom'
report|on the financial statements||12 - 15|
|Consolidated|statement
offinancial activities|||16|
|Consolidated|balance sheet|||17|
|Company
balance sheet||||18|
|Consolidated|statement
ofcash flows||||
|Notes tothe|financial statements|||20-43|
##
##
|Trustees|||R Ribchester,
Chair||||
|---|---|---|---|---|---|---|
||||Q Anstee (resigned||7|July 2023)|
||||K Ballantyne||||
||||SDobson||||
||||K Fenwick (resigned||22 March 2024)||
||||M Hampel||||
||||R Hillier||||
||||J Hind||||
||||G Hodgson||||
||||M Regan (resigned||7|July 2023)|
||||K Richards||||
||||J Robson (resigned||7|July 2023)|
||||N Turner||||
||||M Martin (appointed||16October 2023)||
||||C Elliott (appointed||9|September 2023)|
||||T Mole (appointed|14||December 2023)|
||||P Plyming
(appointed|||11January 2024)|
|Company|registered||||||
|number|||02776914||||
|Charity registered|||||||
|number|||1023407||||
|Registered||office|The Bursars Office||||
||||Durham
School||||
||||Durham||||
||||DH1 4SZ||||
|Company|secretary||EC Mussell||||
|Headmaster|||KJ McLaughlin||||
|Independent||auditors|Clive Owen LLP||||
||||Chartered
Accountants||||
||||Statutory Auditors||||
||||Kepier House||||
||||Belmont Business Park||||
||||Durham||||
||||DH1 1TW||||
|Bankers|||Barclays Bank PLC||||
||||6 Market Place||||
||||Durham||||
||||DH1 3NB||||
|Solicitors|||Swinburne
Maddison|||LLP|
||||Venture House||||
||||Aykley Heads Business Centre||||
||||Durham||||
||||DH1 5TS||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||FOR THE YEA|R ENDED 31A|UGUST 2023|||
|---|---|---|---|---|---|---|---|---|
|||||Endowment|Restricted|Unrestricted|Total|Total|
|||||funds|funds|funds|funds|funds|
||||Note|2023f|2023
f|2023
f|2023f|2022
F|
|Income and|||||||||
|endowments||from:|||||||
|Donations
and|||||||||
|legacies|||||400,093|15,205|415,298|459,472|
|Charitable
activities|||||(29,857)|11,798,104|11,768,247|9,337,611|
|Other trading|activities|||||201,068|201,068|209,154|
|Investments||||8,522|26,420|362,259|397,201|395,979|
|Total income||and|||||||
|endowments||||8,522|396,656|12,376,636|12,781,814|10,402,216|
|Expenditure|on:||||||||
|Raising funds||||||481,000|481,000|376,617|
|Charitable
activities|||||9,688|12,691,251|12,700,939|10,572,287|
|Total expenditure|||||9,688|13,172,251|13,181,939|10,948,904|
|Net|||||||||
|income/(expenditure|||||||||
|) before net losses|||||||||
|on investments||||8,522|386,968|(795,615)|(400,125)|(546,688)|
|Net losses on|||||||||
|investments||||(5,862)|(8,562)||(14,424)|(38,878)|
|Net movement||in|||||||
|funds||||2,660|378,406|(795,615)|(414,549)|(585,566)|
|Reconciliation||of|||||||
|funds:|||||||||
|Total funds brought|||||||||
|forward||||315,330|1,638,172|(2,947,494)|(993,992)|(408,426)|
|Net movement||in|||||||
|funds||||2,660|378,406|(795,615)|(414,549)|(585,566)|
|Total funds carried|||||||||
|forward||||317,990|2,016,578|(3,743,109)|(1,408,541)|(993,992)|
||||DURHAM CATHEDRAL|DURHAM CATHEDRAL|DURHAM CATHEDRAL|DURHAM CATHEDRAL|SCHOOLS FOUNDATION|SCHOOLS FOUNDATION|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||(A|company|limited||by guarantee)|||
|||||REGISTERED NUMBER: 02776914|||||||
|||||CONSOLIDATED|||BALANCE SHEET||||
||||||AS AT 31 AUGUST 2023||||||
|||||||||2023||2022|
||||||Note|||6||6|
|Fixed assets|||||||||||
|Tangible assets|||||13|||5,216,372||5,312,643|
|Investments|||||14|||1,024,824||1,038,147|
|||||||||6,241,196||6,350,790|
|Current assets|||||||||||
|Stocks|||||15|||6,165|3,366||
|Debtors|||||16||1,392,775||1,387,565||
|Cash at bank|and|in hand||||||83,139|153,598||
||||||||1,482,079||1,544,529||
|Creditors: amounts||falling|due within|one|||||||
|year|||||17||(5,129,104)||(4,850,635)||
|Net current|liabilities|||||||(3,647,025)||(3,306,106)|
|Total assets|less|current|liabilities|||||2,594,171||3,044,684|
|Creditors: amounts||falling|due after|more|||||||
|than one year|||||18|||(4,002,712)||(4,038,676)|
|Net liabilities excluding|||pension asset|||||(1,408,541)||(993,992)|
|Total net assets||||||||(1,408,541)||(993,992)|
|Charity funds|||||||||||
|Endowment|funds||||20|||317,990||315,330|
|Restricted funds|||||20|||2,016,578||1,638,172|
|Unrestricted|funds||||20|||(3,743,109)||(2,947,494)|
|Total funds||||||||(1,408,541)||(993,992)|
##
|||COMPANY|STATEMENT|OF FINANCIAL|POSITION|||
|---|---|---|---|---|---|---|---|
||||AS AT 31 AUGUST 2023|||||
||||||2023||2022|
||||Note||F||6|
|Fixed assets||||||||
|Tangible assets|||13||5,216,372||5,312,643|
|Investments|||14||1,024,649||1,037,972|
||||||6,241,021||6,350,615|
|Current assets||||||||
|Debtors|||16|1,275,200||1,477,165||
|Cash at bank and|in hand|||33,458||5,187||
|||||1,308,658||1,482,352||
|Creditors: amounts|falling|due within one||||||
|year|||17|(5,034,566)||(4,824,293)||
|Net current liabilities|||||(3,725,908)||(3,341,941)|
|Total assets less|current|liabilities|||2,515,113||3,008,674|
|Creditors: amounts|falling|due after more||||||
|than one year|||18||(4,002,712)||(4,038,676)|
|Net liabilities excluding||pension asset|||(1,487,599)||(1,030,002)|
|Total net assets|||||(1,487,599)||(1,030,002)|
|Charity funds||||||||
|Endowment
funds|||20||317,990||315,330|
|Restricted funds|||20||2,016,578||1,638,172|
|Unrestricted
funds|||20||(3,822,167)||(2,983,504)|
|Totalfunds|||||(1,487,599)||(1,030,002)|
##
##
##
||FOR THE|YEAR ENDED 31 AUGUST 202|3||
|---|---|---|---|---|
||||2023
9|2022f|
|Cash flows from operating|activities||||
|Net cash used
in operating|activities||238,677|(228,148)|
|Cash flows from investing|activities||||
|Dividends,
interests
and rents from investments|||26,420|15,341|
|Purchase oftangible
fixed assets|||(122,588)|(135,120)|
|Net cash used in investing|activities||(96,168)|(119,779)|
|Cash flows from financing|activities||||
|Repayments
ofborrowing|||(121,430)|(56,299)|
|Repayments
offinance leases|||(35,408)|(5,941)|
|Receipt ofendowment|||8,522|8,458|
|Net cash used in financing|activities||(148,316)|(53,782)|
|Change
in cash and cash|equivalents
in|the year|(5,807)|(401,709)|
|Cash and cash equivalents|at the beginning|ofthe year|82,954|484,663|
|Cash and cash equivalents|at the end of|the year|77,147|82,954|
|The notes on pages 20to43form part ofthese financial statements|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2023|2023|2023|2022|
||||||6|6|6|6|
||Donations||||||||
||Donations||||54,402|15,205|69,607|459,472|
||Exceptional|item - unclaimed||deposits|||||
||released||||345,691||345,691||
||Subtotal detailed disclosure||||400,093|15,205|415,298|459,472|
||||||400,093|15,205|415,298|459,472|
||Total 2022||||459,472||459,472||
|4.|Income from charitable||activities||||||
|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023|2023|2023|2022|
|||6|6|6|6|
|School fees income|||12,355,409|12,355,409|10,299,905|
|Bursaries,|grants and allowances|(60,041)|(2,004,033)|(2,064,074)|(1,857,385)|
|Other ancillary fees||30,184|1,446,728|1,476,912|895,091|
|||(29,857)|11,798,104|11,768,247|9,337,611|
|Total 2022||(73,911)|9,411,522|9,337,611||
##
##
##
##
|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2023|2023|2022|
|||||||6|6|6|
||Trading subsidiary||income|||201,068|201,068|209,154|
||Total 2022|||||209,154|209,154||
|6.|Investment|income|||||||
|||||Endowment|Restricted|Unrestricted|Total|Total|
|||||funds|funds|funds|funds|funds|
|||||2023|2023
6|2023
f|2023
6|2022
F|
||Investment|income||8,522|26,420|362,259|397,201|395,979|
||Total 2022|||8,458|15,341|372,180|395,979||
|7.|Costs ofraising funds||||||||
|||||||Unrestricted|Total|Total|
|||||||funds|funds|funds|
|||||||2023|2023|2022|
|||||||F|F||
||Finance costs|||||326,758|326,758|223,098|
||Trading subsidiary||expenditure|||154,242|154,242|153,519|
|||||||481,000|481,000|376,617|
||Total 2022|||||376,617|376,617||
##
##
##
##
||||||Restricted|Unrestricted|||
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|Total|Total|
||||||2023
6|2023
E|2023f|2022|
|Educational|charitable|activities|||9,688|12,596,695|12,606,383|10,522,916|
|Governance|costs|||||94,556|94,556|49,371|
||||||9,688|12,691,251|12,700,939|10,572,287|
|Total 2022||||||10,572,287|10,572,287||
|Summary|by expenditure||type||||||
|||||Staff costs|Depreciation|Other costs|Total|Total|
|||||2023
f|2023
F|2023
f|2023
E|2022
6|
|Educational|charitable|activities||7,122,917|294,966|5,188,500|12,606,383|10,522,916|
|Governance||||||94,556|94,556|49,371|
|||||7,122,917|294,966|5,283,056|12,700,939|10,572,287|
|Total 2022||||6,547,377|312,793|3,712,117|10,572,287||
##
|||||Support|Total|Total|
|---|---|---|---|---|---|---|
||||Direct costs|costs|funds|funds|
||||2023|2023|2023|2022|
||||5||5||
|Educational|charitable|activities|5,857,552|6,748,831|12,606,383|10,522,916|
|Governance||||94,556|94,556|49,371|
||||5,857,552|6,843,387|12,700,939|10,572,287|
|Total 2022|||5,504,248|5,068,039|10,572,287||
##
##
##
|||Educational|||
|---|---|---|---|---|
|||charitable|Total|Total|
|||activities|funds|funds|
|||2023|2023|2022|
|||E|E|F|
|Staff costs||4,898,048|4,898,048|5,096,053|
|Educational|costs|925,164|925,164|376,114|
|Welfare||34,340|34,340|32,081|
|||5,857,552|5,857,552|5,504,248|
|Total2022||5,504,248|5,504,248||
##
|||Educational||||
|---|---|---|---|---|---|
|||charitable||Total|Total|
|||activities|Governance|funds|funds|
|||2023|2023f|2023f|2022
F|
|Staff costs||2,224,869||2,224,869|1,451,324|
|Depreciation||294,966||294,966|312,793|
|Welfare||1,567,732||1,567,732|1,344,237|
|Support costs ofschooling||1,070,608||1,070,608|622,398|
|Premises||1,590,656||1,590,656|1,287,916|
|Governance|costs|||94,556|49,371|
|||6,748,831|94,556|6,843,387|5,068,039|
|Total 2022||5,018,668|49,371|5,068,039||
##
##
##
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||6|6|
|Depreciation
-owned||assets||288,737|303,933|
|Depreciation
-assets||on|finance lease|6,228|8,860|
|Auditors'|remuneration|-audit||18,560|18,560|
|Operating|lease payments||- land and buildings|343,777|158,635|
|Operating|lease payments||-other|44,016|13,261|
##
|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||6||6|6|
|Wages and|salaries|||5,620,685|5,234,402|5,519,170|5,167,594|
|Social security costs||||557,085|500,298|555,932|500,298|
|Contribution|to defined|contribution|pension|||||
|schemes||||945,147|812,677|940,569|812,677|
|||||7,122,917|6,547,377|7,015,671|6,480,569|
|||Group|Group|
|---|---|---|---|
|||2023|2022|
|||No.|No.|
|Teaching staff||88|92|
|Non-teaching|staff|95|88|
|||183|180|
##
##
##
|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
##
##
##
##
##
|||Long-term|Short-term|||||
|---|---|---|---|---|---|---|---|
||Freehold|leasehold|leasehold|Motor|Fixtures|Computer||
||property
6|property
f|property
6|vehicles
6|and fittings
6|equipment
6|Total
8|
|Cost||||||||
|At 1 September||||||||
|2022|1,400,000|5,549,876|149,987|218,688|2,253,935|372,301|9,944,787|
|Additions||||135,208|47,162|30,426|212,796|
|Disposals||||(33,845)|||(33,845)|
|At 31 August||||||||
|2023|1,400,000|5,549,876|149,987|320,051|2,301,097|402,727|10,123,738|
|Depreciation||||||||
|At 1 September||||||||
|2022|340,690|1,946,304|149,987|81,488|1,817,694|295,981|4,632,144|
|Charge for the||||||||
|year||||19,985|80,826|28,986|294,965|
|On disposals||||(19,743)|||(19,743)|
|At 31 August||||||||
|2023|370,314|2,081,848|149,987|81,730|1,898,520|324,967|4,907,366|
|Net book value||||||||
|At 31August||||||||
|2023|1,029,686|3,468,028||238,321|402,577|77,760|5,216,372|
|At 31August||||||||
|2022|1,059,310|3,603,572|-|137,200|436,241|76,320|5,312,643|
##
##
##
||Listed|Unlisted|Investment|in||
|---|---|---|---|---|---|
||investments|investments|joint ventures||Total|
|Group|5|5||F|F|
|Cost or valuation||||||
|At 1 September 2022|779,251|258,720||176|1,038,147|
|Revaluations|(13,323)||||(13,323)|
|At 31August 2023|765,928|258,720||176|1,024,824|
||||Investments|||
||Listed|Unlisted|in subsidiary|||
||investments|investments|companies||Total|
|Company|F|6||F|5|
|Cost or valuation||||||
|At 1 September 2022|779,251|258,720||1|1,037,972|
|Revaluations|(13,323)||||(13,323)|
|At 31 August 2023|765,928|258,720||1|1,024,649|
##
|||||||Group|Group|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||5|F|
|Finished|goods|and|goods|for|resale|6,165|3,366|
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023
5|2022f|2023|2022
5|
|Due within one year||||||
|Trade debtors||1,042,284|1,183,503|951,167|1,050,222|
|Amounts
owed by group undertakings||||200,966|244,288|
|Other debtors||54,309||47,560||
|Prepayments|and accrued income|296,182|204,062|75,507|182,655|
|||1,392,775|1,387,565|1,275,200|1,477,165|
##
##
##
##
|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||6||6|6|
|Bank overdrafts||||5,992|70,644|5,992|70,644|
|Bank loans||||208,750|252,893|208,750|252,893|
|Trade creditors||||1,043,680|582,761|954,992|568,112|
|Other taxation
and|social security|||274,455|129,495|274,455|126,175|
|Obligations
under finance lease and hire||||||||
|purchase
contracts||||22,201|8,724|22,201|8,724|
|Other creditors||||1,185,623|1,344,678|1,185,623|1,337,805|
|Accruals and deferred||income||2,388,403|2,461,440|2,382,553|2,459,940|
|||||5,129,104|4,850,635|5,034,566|4,824,293|
|||||Group|Group|Company|Company|
|||||2023
6|2022
F|2023f|2022
6|
|Deferred
income at 1||September|2022|2,318,856|2,780,879|2,318,856|2,780,879|
|Resources deferred|during the year|||2,222,369|2,337,176|2,222,369|2,337,176|
|Amounts
released|from previous||periods|(2,318,856)|(2,799,199)|(2,318,856)|(2,799,199)|
|Deferred income at||31 August|2023|2,222,369|2,318,856|2,222,369|2,318,856|
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||6|6|6|F|
|Bank loans||3,942,203|4,019,490|3,942,203|4,019,490|
|Net obligations|under finance lease and hire|||||
|purchase contracts||60,509|19,186|60,509|19,186|
|||4,002,712|4,038,676|4,002,712|4,038,676|
##
##
##
|Secured debts||||
|---|---|---|---|
|||2023|2022|
|||6|6|
|Bank overdraRs||5,992|70,644|
|Bank loans||4,150,953|4,272,383|
|Finance leases and hire purchase|contracts|82,710|27,910|
##
##
##
|||Balance at 1|||||Balance at|
|---|---|---|---|---|---|---|---|
|||September|||Transfers|Gains/|31 August|
|||2022f|Income|Expenditure|in/out
E|(Losses)
6|2023
6|
|Unrestricted||||||||
|funds||||||||
|General Funds||||||||
|- all funds||(6,968,930)|12,376,636|(13,172,251)|56,131||(7,708,414)|
|Revaluation||||||||
|reserve||4,021,436|||(56,131)||3,965,305|
|||(2,947,494)|12,376,636|(13,172,251)|||(3,743,109)|
|Endowment||||||||
|funds||||||||
|Endowment||||||||
|Funds - all||||||||
|funds||315,330|8,522|||(5,862)|317,990|
|Restricted||||||||
|funds||||||||
|Restricted||||||||
|Funds - all||||||||
|funds||522,356|13,520|||(8,562)|527,314|
|The Peter|E.l.|||||||
|Lee||||||||
|Scholarship||||||||
|Fund||867,603|(38,307)||||829,296|
|The Catherine||||||||
|Cookson||||||||
|Charitable|Trust|248,213|||||248,213|
|Restricted||||||||
|Legacy|||20,000||||20,000|
|Self Funded||||||||
|Balances|||34,402|(9,688)|||24,714|
|Donated||||||||
|Deposits|||345,691||||345,691|
|Burkitt||||||||
|Scholarships|||21,350||||21,350|
|||1,638,172|396,656|(9,688)||(8,562)|2,016,578|
|Total offunds||(993,992)|12,781,814|(13,181,939)||(14,424)|(1,408,541)|
##
##
##
##
##
##
##
|Statement|offu|nd|s - prior year|||||||
|---|---|---|---|---|---|---|---|---|---|
||||Balance at||||||Balance at|
|||1|September||||Transfers|Gains/|31August|
||||2021|Income
F|Expenditure|f|in/out|(Losses)f|2022
6|
|Unrestricted||||||||||
|funds||||||||||
|General
Fund|||(6,245,044)|10,177,328|(10,948,904)||47,690||(6,968,930)|
|Revaluation||||||||||
|reserve|||4,069,126||||(47,690)||4,021,436|
||||(2,175,918)|10,177,328|(10,948,904)||||(2,947,494)|
|Endowment||||||||||
|funds||||||||||
|Davies Legacy|||345,750|8,458||||(38,878)|315,330|
|Restricted||||||||||
|funds||||||||||
|The Peter|E.l.|||||||||
|Lee||||||||||
|Scholarship||||||||||
|Fund|||519,015|3,341|||||522,356|
|The Catherine||||||||||
|Cookson||||||||||
|Charitable|Trust||902,727|(35,124)|||||867,603|
|Restricted||||||||||
|Legacy||||248,213|||||248,213|
||||1,421,742|216,430|||||1,638,172|
|Total offunds|||(408,426)|10,402,216|(10,948,904)|||(38,878)|(993,992)|
##
##
##
##
|Analysis of net assets between funds -|current year||||
|---|---|---|---|---|
||Endowment|Restricted|Unrestricted|Total|
||funds|funds|funds|funds|
||2023|2023|2023|2023|
||6|6|6|6|
|Tangible fixed assets|||5,216,372|5,216,372|
|Fixed asset investments|295,169|470,759|258,896|1,024,824|
|Current assets|22,821|1,545,819|(86,561)|1,482,079|
|Creditors due within one year|||(5,129,104)|(5,129,104)|
|Creditors due in more than one year|||(4,002,712)|(4,002,712)|
|Total|317,990|2,016,578|(3,743,109)|(1,408,541)|
||Endowment|Restricted|Unrestricted|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2022|2022|2022|2022|
||6|6||F|
|Tangible fixed assets|||5,312,643|5,312,643|
|Fixed asset investments|300,595|737,376|176|1,038,147|
|Current assets|14,735|900,796|628,998|1,544,529|
|Creditors due within one year|||(4,850,635)|(4,850,635)|
|Creditors due in more than one year|||(4,038,676)|(4,038,676)|
|Ttl|315,330|1,638,172|(2,947,494)|(993,992)|
##
##
##
|||||Group|Group|
|---|---|---|---|---|---|
|||||2023|2022|
|||||F|6|
|Net expenditure
for|the year (as per Statement ofFinancial Activities)|||(414,549)|(585,566)|
|Adjustments
for:||||||
|Depreciation
charges||||294,965|312,793|
|Gains on investments||||13,323|38,879|
|Dividends,
interests|and rents|from investments||(26,420)|(15,341)|
|Loss on the sale of|fixed assets|||14,102||
|Decrease/(increase)|in stocks|||(2,799)|47,440|
|Decrease/(increase)|in debtors|||(5,210)|145,428|
|Increase/(decrease)|in creditors|||373,787|(163,323)|
|Income attributable|to endowment|||(8,522)|(8,458)|
|Net cash provided|by/(used|in) operating|activities|238,677|(228,148)|
|23.|Analysis|ofcash and cash equivalents|ofcash and cash equivalents|||
|---|---|---|---|---|---|
|||||Group|Group|
|||||2023|2022|
|||||E|E|
||Cash in|hand||717|(193)|
||Cash at|bank||82,422|153,791|
||Overdraft|facility repayable|on demand|(5,992)|(70,644)|
||Total cash and cash equivalents|||77,147|82,954|
##
##
##
|||||At 1||||
|---|---|---|---|---|---|---|---|
|||||September||New finance|At 31August|
|||||2022|Cash flows
6|leases
F|2023
f|
|Cash at bank and||in hand||153,598|(70,459)||83,139|
|Bank overdraRs|repayable||on demand|(70,644)|64,652||(5,992)|
|Debt due within|1|year||(252,893)|44,143||(208,750)|
|Debt due after 1 year||||(4,019,490)|77,287||(3,942,203)|
|Finance leases||||(27,910)|35,408|(90,208)|(82,710)|
|||||(4,217,339)|151,031|(90,208)|(4,156,516)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Principal su|Principal su|bsidiaries
and joi|bsidiaries
and joi|bsidiaries
and joi|nt venture|nt venture|s|s|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The following||was a subsidiary|||undertaking||ofthe Company:||||||||
|Name|||||||Company|Registered||office||or principal||Class of|
||||||||number|place ofbusiness||||||shares|
|Durham|School Trading|||Limited|||04175538|The|Grove,|Durham||School,||Ordinary|
|||||||||Quarryheads|||Lane,|Durham,|Co||
|||||||||Durham,
DH1|||4SZ||||
|Holding||Included|in||||||||||||
|||consolidation|||||||||||||
|100/o||Yes|||||||||||||
|The financial||results of|the subsidiary|||for|the year were:||||||||
|Name|||||||||Income
F||Expenditure||6|Net assetsf|
|Durham|School Trading|||Limited|||||563,270|||320,221||79,060|