2020-08-31-accounts - Dame Allan's Schools

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				Page
Reference	and administrative		details	1-2
Governors'	report
Governors'	responsibilities statement			13
Independent	auditors'	report
Statement	offinancial	activities		17
Balance sheet				18
Statement	ofcash flows			19
Notes to the financial		statements		20-42

Governors			Mr I Belsham, Co-optative	Mr I Belsham, Co-optative	Governor	Governor	Governor	(Chairman)	(Chairman)
			Professor E G N Cross,	nominated				by	the University		of Newcastle	upon	Tyne (Vice
			Chair)
			Mr B W Adcock, Co-optative				Governor
			Mr D Arthur, Co-optative		Governor
			Mrs C Bell, Parent Governor
			Mr C Bolland, Co-optative		Governor			(resigned 2		October 2019)
			Mr M Davison, Co-optative			Governor
			Mr T Gray, Co-optative	Governor
			Professor R A W Gregory,				nominated		by the	University of Durham			(resigned	4
			February 2021)
			Mrs M Hinson, Co-optative			Governor
			Mr WJ Lomas, Co-optative			Governor			(appointed	25	March 2020)
			The Very Reverend G Miller,				Ex-officio		Governor,	Dean of Newcastle
			DrV Morrell, Parent Governor
			Dr P Paes, Co-optative	Governor
			Mr STaylor, Parent Governor
			Ms K EStorie, Co-optative			Governor		(appointed		18November 2020)
Company	registered
number			04002372
Charity registered
number			1084965
Registered		office	Fowberry Crescent
			Fenham
			Newcastle Upon Tyne
			NE4 9YJ
Principal			Mr W M Scott (appointed		1	September			2020)
Clerk to the		Governors	Mrs V McDonald
Independent		auditors	UNW LLP
			Citygate
			StJames' Boulevard
			Newcastle upon Tyne
			NE1 4JE
Bankers			Lloyds Bank pic
			102Grey Street
			Newcastle upon Tyne
			NE99 1SL
Solicitors			Muckle LLP
			Time Central
			32 Gallowgate
			Newcastle upon Tyne
			NE1 4BF

Investment	advisers	Brewin Dolphin	Securities
		Times Central
		32 Gallowgate
		Newcastle upon	Tyne
		NE1 4SR
Insurance	broker	Marsh Brokers Limited
		Capital House
		1-5Perrymount	Road
		Haywards Heath
		West Sussex
		RH16 3SY

			2020	2019
				F
Unrestricted	funds		10,654,912	10,157,117
Unrestricted	tangible	fixed assets (per note 12)	(12,553,459)	(12,580,928)
Funded by	loans (per	note 18)	4,691,512	4,903,255
Free reserves			2,792,965	2,479,444

					Unrestricted	Restricted	Endowment	Total	Total
					funds	funds	funds	funds	funds
				Note	2020	2020	2020f	2020f	2019 F
Income and
endowments		from:
Oonations and		legacies		4	247,936	29,685		277,621	522,324
School fees				5	11,585,608			11,585,608	11,191,215
Commissions	and
letting s					7,162			7,162	13,432
Investment income					30,699			30,699	23,508
Other income					705,671			705,671	1,220,056
Total income endowments		and			12,577,076	29,685		12,606,761	12,970,535
Expenditure	on:
Raising funds					305,099			305,099	349,366
Charitable activities				8	11,776,496	43,976		11,820,472	11,325,076
Total expenditure					12,0&1,595	43,976		12,125,571	11,674,442
Net (losses)/gains			on
investments					2,314	(5,847)		(3,533)	30,695
Net movement funds		in			497,795	(20,138)		477,657	1,326,788
Reconciliation		of
funds:
Total funds brought
forward					10,157,117	719,506	133,474	11,010,097	9,683,309
Net movement		in funds			497,795	(20,138)		477,657	1,326,788
Total funds carried forward					10,654,912	699,368	133,474	11,487,754	11,010,097

					2020		2019
			Note		E		F
Fixed assets
Tangible assets			12		12,628,688		12,673,264
Investments			13		639,792		635,070
					13,268,480		13,308,334
Current assets
Debtors			14	401,655		423,369
Cash at bank	and	in hand	23	4,948,390		4,532,714
				5,350,045		4,956,083
Creditors: amounts		falling due within one
year			15	(2,449,928)		(2,320,375)
Net current	assets				2,900,117		2,635,708
Total assets	less	current liabilities			16,168,59?		15,944,042
Creditors: amounts		falling due after more
than one year			16		(4,680,843)		(4,933,945)
Net assets					11,487,754		11,010,097
Charity funds
Endowment	funds		19		133,474		133,474
Restricted funds			19		699,368		719,506
Unrestricted	funds		19		10,654,912		10,157,117
Total funds					11,487,754		11,010,097

						As restated
					2020	2019
					F	E
Cash flows from operating		activities
Net cash	provided by operating activities				1,342,726	1,971,648
Cash flows from investing		activities
Dividends,	interests and rents from investments				16,257	30,520
Proceeds	from the sale oftangible fixed		assets		8,000	2,500
Purchase	oftangible fixed assets				(491,128)	(440,720)
Purchase	ofinvestments (net)				(8,325)	3,907
Net cash	used in investing	activities			(475,196)	(403,793)
Cash flows from financing		activities
Repayments of borrowing					(211,743)	(181,862)
Interest paid					(240,111)	(256,233)
Net cash	used in financing	activities			(451,854)	(438,095)
Change	in cash and cash	equivalents	in	the year	415,676	1,129,760
Cash and	cash equivalents	at the beginning		ofthe year	4,532,714	3,402,954
Cash and cash equivalents		atthe end	of	the year	4,948,390	4,532,714

					Unrestricted	Restricted	Total
					funds	funds	funds
					2020	2020	2020
						E
Donations	collected by the Dame Allan's		Development	Trust	22,680		22,680
Other donations					46,650	29,685	76,335
Government		grants			178,606		178,606
					247,936	29,685	277,621

					Unrestricted	Total
					funds	funds
					2019	2019
					F
Donations	collected	by the Dame Allan's	Development	Trust	14,933	14,933
Other donations					507,391	507,391
					522,324	522,324

			Unrestricted	Total	Total
			funds	funds	funds
			2020	2020	2019
			E	E
Schools'	fees	receivable	11,585,608	11,585,608	11,191,215

				Unrestricted	Total
				funds	funds
				2020	2020
Commission	and lettings income			7,162	7,162
			Unrestricted	Restricted	Total
			funds	funds	funds
			2019	2019	2019
			Z		F
Comission	and lettings	income	9,932	3,500	13,432

		Unrestricted	Total	Total
		funds	funds	funds
		2020	2020	2019
		E		E
Miscellaneous	other income	43,705	43,705	74,343
School trip income		158,869	158,869	465,014
Profit on disposal offixed assets		8,000	8,000	(1,310)
Income from	school bus provision	41,811	41,811	58,790
Catering income		453,286	453,286	623,219
Total 2020		705,671	705,671	1,220,056

			Activities
			undertaken		Support	Total
			directly	Bursaries	costs	funds
			2020	2020	2020	2020
			E	E	E	E
Provision	ofschool	services	8,095,763	23,474	1,485,758	9,604,995
Welfare			570,124		91,384	661,508
Premises			1,018,263		535,706	1,553,969
			9,684,150	23,474	2,112,848	11,820,472

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2019	2019	2019
Provision	ofschool	services	7,590,123	1,343,418	8,933,541
Welfare			655,095	121,291	776,386
Premises			1,088,459	526,690	1,615,149
			9,333,677	1,991,399	11,325,076

		Provision of
		school			Total
		services	Welfare	Premises	funds
		2020	2020f	2020 E	2020 E
Staff costs		1,056,115			1,056,115
Governance		63,741			63,741
Advertising,	PR 8 events	140,901			140,901
Insurance		58,868			58,868
Other support costs		166,133			166,133
School bus	provision		91,384		91,384
Depreciation				535,706	535,706
		1,485,758	91,384	535,706	2,112,848
					Total
		Teaching	Welfare	Premises	funds
		2019	2019	2019	2019
			F	E
Staff costs		925,893			925,893
Governance		54,636			54,636
Advertising,	PR and events	169,416			169,416
Insurance		60,766			60,766
Other support costs		132,707			132,707
School bus	provision		121,291		121,291
Depreciation				526,690	526,690
		1,343,418	121,291	526,690	1,991,399

		2020f	2019 P
Depreciation	on owned assets	535,704	526,690
Bank and loan interest payable		240,111	256,233
		775,815	782,923

			2020	2019
				E
Fees payable	to the company's auditor	for the audit ofthe charitable
company's	annual accounts		7,900	7,700
Fees payable	to the charity's auditor in	respect of:
The auditing	ofaccounts ofassociates	ofthe company	750	750
All assurance	services not included above		500	500
All other non-audit services not included		above	750	750

Staff costs
				2020	2019
					F
Wages and	salaries			6,494,391	6,123,107
Social security costs				595,064	553,058
Contribution	to defined	contribution	pension schemes	1,268,069	854,505
				8,357,524	7,530,670

	2020	2019
	No.	No.
Teaching	123	120
Academic support	40	36
Property management	5	5
Administration	46	44
	214	205

The average headcount expressed as full-time equiva	lents was:
	2020	2019
	No.	No.
Teaching	113	108
Academic support	25	24
Property management	5	5
Administration	30	31
	173	168

2020	2019
No.	No.

				Assets
	Freehold	Freehold	Plant and	under
	land	property E	machinery	construction	Totalf
Cost or valuation
At 1 September 2019	2,866,850	12,446,509	2,437,631		17,750,990
Additions		60,496	49,493	381,139	491,128
At 31 August 2020	2,866,850	12,507,005	2,487,124	381,139	18,242,118
Depreciation
At 1 September 2019		3,618,395	1,459,331		5,077,726
Charge for the year		288,212	247,492		535,704
At 31 August 2020		3,906,607	1,706,823		5,613,430
Net book value
At 31 August 2020	2,866,850	8,600,398	780,301	381,139	12,628,688
At 31 August 2019	2,866,850	8,828,114	978,300		12,673,264

				Cash held
		Listed	Unlisted	within
		securitiesf	securities E	portfolio E.	Total E
Cost or valuation
At 1 September 2019		512„051	111,355	11,664	635,070
Additions		161,687	837	8,078	170,602
Disposals		(162,347)			(162,347)
Revaluations		(7,356)	3,823		(3,533)
At 31August	2020	504,035	116,015	19,742	639,792
Net book value
At 31August	2020	504,035	116,015	19,742	639,792
At 31August	20t9	512,051	111,355	11,664	635,070
Debtors
				2020f	2019
Fees owing from parents				53,593	104,957
Amounts owed by related parties				106,838	83,408
Other debtors					2,533
Prepayments	and accrued income			241,224	232,471
				401,655	423,369

			2020	2019
Bank loans			264,396	188,986
Other loans			499	20,614
Trade creditors			187,785	168,778
Other taxation and	social security		304,093	265,736
Other creditors			28,717	3,041
Accruals and deferred		income	580,264	324,642
Payments received	in	advance	1,084,174	1,348,578
			2,449,928	2,320,375

		2020	2019
Bank loans		4,426,617	4,693,655
Accruals and deferred	income	254,226	240,290
		4,680,843	4,933,945

Bank and other loans
	2020	2019
Due within one year	264,895	209,600
Between one and five years	994,370	785,489
ln five years or more	3,432,247	3,908,166
	4,691,512	4,903,255

Statement offunds	- c	urrent y	ear
			Balance at 1					Balance at
			September				Gains/	31August
			2019	Income	Expenditure	f	(Losses)	2020
Unrestricted funds
Schools general fund			10,157,117	12,577,076	(12,081,595)		2,314	10,654,912
Endowment funds
Sinking fund no. 5			124,002					124,002
McClintock scholarship			9,4?2					9,472
			133,474					133,474
Restricted funds
Prize fund			111,700	132	(132)		4,315	116,015
EBWood memorial	Fund		37,857		(1,888)		76	36,045
Music scholarship fund			605					605
Bursary fund (including		Marks
Foundation)			461,503	29,553	(24,849)		(10,434)	455,773
Design and Technology		Centre	92,336		(17,107)			75,229
Sir Walter Plummer
Scholarship Trust			4,350				158	4,508
The Lord Elliot Fund			6,874				31	6,905
Nixon Kaer Bursary	Fund		1,449				7	1,456
Ruth Claydon Memorial		Fund	2,832					2,832
			719,506	29,685	(43,976)		(5,847)	699,368
Total offunds			'I1,010,097	12,606,761	(12,125,571)		(3,533)	11,487,754

Statement offunds	(continued)	(continued)
Statement offunds	- prior year
			Balance at				Balance at
			1 September			Gains/	31 August
			2018	Income	Expenditure	(Losses)	2019
					Z		F
Unrestricted funds
Schools general fund			8,847,832	12,959,542	(11,650,257)		10,157,117
Endowment funds
Sinking fund no. 5			124,002				124,002
McClintock scholarship			9,472				9,472
			133,474				133,474
Restricted funds
Prize fund			93,198	2,323	(3,075)	19,254	111,700
EBWood memorial	Fund		36,885	3,500	(2,694)	166	37,857
Music scholarship fund			605				605
Bursary fund (including		Marks
Foundation)			446,714	5,170	(1,309)	10,928	461,503
Design and Technology		Centre	109,443		(17,107)		92,336
Sir Walter Plummer
Scholarship Trust			4,045			305	4,350
The Lord Elliot Fund			6,839			35	6,874
Nixon Kaer Bursary	Fund		1,442			7	1,449
Ruth Claydon Memorial		Fund	2,832				2,832
			702,003	10,993	(24,185)	30,695	719,506
Total offunds			9,683,309	12,970,535	(11,674,442)	30,695	11,010,097

Summary	offunds - cur	rent year
		Balance at 1				Balance at
		September			Gains/	31August
		2019	Income f	Expenditure f	(Losses) f.	2020
Unrestricted	funds	10,157,117	12,577,076	(12,081,595)	2,314	10,654,912
Endowment	funds	133,474				133,474
Restricted	funds	719,506	29,685	(43,976)	(5,847)	699,368
		11,010,097	12,606,761	(12,125,571)	(3,533)	11,487,754

Summary	offunds - prio	r year
		Balance at				Balance at
		1 September			Gains/	31 August
		2018	Income	Expenditure	(Losses)	2019
			F		F	E
General funds		8,847,832	12,959,542	(11,650,257)		10,157,117
Endowment	funds	133,474				133,474
Restricted	funds	702,003	10,993	(24,185)	30,695	719,506
		9,683,309	12,970,535	(11,674,442)	30,695	11,010,097

Analysis ofnet assets between funds -	current period
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2020	2020	2020	2020
Tangible fixed assets	12,628,688			12,628,688
Fixed asset investments	639,792			639,792
Current assets	5,216,571		133,474	5,350,045
Creditors due within one year	(2,449,928)			(2,449,928)
Creditors due in more than one year	(5,380,211)	699,368		(4,680,843)
Total	10,654,912	699,368	133,474	11,487,?54

Analysis ofnet assets between funds -	prior period
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2019	2019	2019	2019
Tangible fixed assets	12,673,264			12,673,264
Fixed asset investments	635,070			635,070
Current assets	4,822,609		133,474	4,956,083
Creditors due within one year	(2,320,375)			(2,320,375)
Creditors due in more than one year	(5,653,451)	719,506		(4,933,945)
Total	10,157,117	719,506	133,474	11,010,097

Reconciliation ofn	et movement	in funds to net cash flow from opera	ting activities
			2020	2019
			f.	F
Net income for the period (as per Statement of Financial Activities)			477,657	1,326,788
Adjustments for:
Depreciation charges			535,704	526,690
Gains/(losses) on investments			3,603	(30,695)
Dividends, interests	and rents from investments		(16,257)	(30,520)
(Profit)/loss on the sale offixed assets			(8,000)	1,310
Decrease/(increase)	in debtors		21,714	(114,617)
Increase in creditors			88,194	36,459
Interest paid			240,111	256,233
Net cash provided	by operating	activities	1,342,726	1,971,648

Analysis ofcash and cash equivalents	Analysis ofcash and cash equivalents
		2020	2019
		E
Cash	in hand	2,892,616	2,486,024
Notice	deposits (less than 3 months)	2,036,060	2,027,065
COIF	accounts	19,714	19,625
Total	cash and cash equivalents	4,948,390	4,532,714

			At 1
			September		At 31
			2019	Cash flows	August 2020
				E	E
Cash	at bank and	in hand	4,532,714	415,676	4,948,390
Debt	due within 1	year	(209,600)	(55,295)	(264,895)
Debt	due after 1 year		(4,693,655)	267,038	(4,426,617)
			(370,541)	627,419	256,878