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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|Limited|
|---|---|---|---|---|
|||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|||
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##
||||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|
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||||||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|
##
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##
##
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##
||||||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|
##
##
##
|19.|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|
##
##
##
|23.|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|
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||||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|
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