#
##
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##
||||||Page|
|---|---|---|---|---|---|
|Reference|and administrative||details||1-2|
|Governors'|report||||3-12|
|Governors'|responsibilities
statement||||13|
|Independent|auditor's|report|to the members|of Dame Allan's Schools|14 - 17|
|Statement|offinancial|activities|||18|
|Balance sheet|||||19|
|Statement|ofcash flows||||20|
|Notes to the financial||statements|||21-43|
##
##
|Governors|||Mr I Belsham, Co-optative
Governor|Mr I Belsham, Co-optative
Governor|Mr I Belsham, Co-optative
Governor|Mr I Belsham, Co-optative
Governor|(Chairman)|(Chairman)||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Professor E G N Cross,|nominated|||by|the University||of Newcastle|||upon|Tyne (Vice||
||||Chair) (resigned 26 January||2022)|||||||||||
||||Mr BWAdcock, Co-optative|||Governor||(resigned|23|June|2021)|||||
||||Mr D Arthur,
Co-optative|Governor||||||||||||
||||Mrs C Bell, Parent Governor|||||||||||||
||||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|||||||||||
||||Dr S LJohnson,
Co-optative|||Governor||(appointed|17November|||2021)||||
||||Mr W J Lomas, Co-optative||Governor|||||||||||
||||The Very Reverend
G Miller,|||Ex-officio||Governor,|Dean of Newcastle|||||||
||||Dr V Morrell, Parent Governor|||||||||||||
||||Dr P Paes, Co-optative|Governor||||||||||||
||||Ms KEStorie, Co-optative||Governor||(appointed||18|November 2020)||||||
||||Mr STaylor, Parent Governor|||||||||||||
|Company|registered|||||||||||||||
|number|||04002372|||||||||||||
|Charity registered||||||||||||||||
|number|||1064965|||||||||||||
|Registered||office|Fowberry Crescent|||||||||||||
||||Fenham|||||||||||||
||||Newcastle
Upon Tyne|||||||||||||
||||NE4 9YJ|||||||||||||
|Principal|||Mr W M Scott|||||||||||||
|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|||||||||||||
||||32Gallowgate|||||||||||||
||||Newcastle
upon Tyne|||||||||||||
||||NE1 4BF|||||||||||||
##
##
|Investment|advisers|Brewin Dolphin Securities|Brewin Dolphin Securities|Brewin Dolphin Securities|Limited|
|---|---|---|---|---|---|
|||Times Central||||
|||32Gallowgate||||
|||Newcastle
upon|Tyne|||
|||NE1 4SR||||
|||Rathbones
Investment||Management||
|||Earl Grey House||||
|||75-85 Grey Street||||
|||Newcastle
upon|Tyne|||
|||NE1 6EF||||
|Insurance|broker|Marsh Brokers Limited||||
|||Capital House||||
|||1-5Perrymount|Road|||
|||Haywards
Heath||||
|||West Sussex||||
|||RH16 3SY||||
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||||2021|2020|
|---|---|---|---|---|
||||R||
|Unrestricted|funds||11,136,437|10,654,912|
|Unrestricted|tangible|fixed assets|(12,706,190)|(12,553,459)|
|Funded
by|loans (per|note 18)|4,488,938|4,691,512|
|Free reserves|||2,919,185|2,792,965|
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||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|funds|
|||||Note|2021
E.|2021
E|2021
f.|2021f|2020|
|Income and||||||||||
|endowments||from:||||||||
|Donations
and||||||||||
|legacies||||4|179,719|64,107||243,826|277,621|
|School fees||||5|12,126,430|||12,126,430|11,585,608|
|Commissions|and|||||||||
|lettings|||||9,380|2,866||12,246|7,162|
|Investment
income|||||13,980|||13,980|30,699|
|Other income|||||730,305|||730,305|705,671|
|Total income||and||||||||
|endowments|||||13,059,814|66,973||13,126,787|12,606,761|
|Expenditure|on:|||||||||
|Raising funds|||||230,073|||230,0?3|305,099|
|Chaditable
activities||||8|12,395,582|33,550||12,429,132|11,820,472|
|Total expenditure|||||12,625,655|33,550||12,659,205|12,125,571|
|Net gains/(losses)
investments|||on||47,366|49,993||97,359|(3,533)|
|Net movement||in||||||||
|funds|||||481,525|83,416||564,941|477,657|
|Reconciliation||of||||||||
|funds:||||||||||
|Total funds brought||||||||||
|forward|||||10,654,912|699,368|133,474|11,48?,754|11,010,097|
|Net movement||in||||||||
|funds|||||481,525|83,416||564,941|477,657|
|Total funds carried||||||||||
|forward|||||11,136,437|782,784|133,474|12,052,695|11,487,754|
##
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##
||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Tangible assets|||12||12,764,312||12,628,688|
|Investments|||13||744,343||639,792|
||||||13,508,655||13,268,480|
|Current assets||||||||
|Debtors|||14|576,515||401,655||
|Cash at bank|and in hand||23|5,317,615||4,948,390||
|||||5,894,130||5,350,045||
|Creditors: amounts||falling due within one||||||
|year|||15|(2,835,653)||(2,449,928)||
|Net current|assets||||3,058,477||2,900,117|
|Total assets|less current liabilities||||16,567,132||16,168,597|
|Creditors: amounts||falling due after more||||||
|than one year|||16||(4,514,437)||(4,680,843)|
|Net assets|||||12,052,695||11,487,754|
|Charity funds||||||||
|Endowment|funds||19||133,474||133,474|
|Restricted
funds|||19||782,784||699,368|
|Unrestricted|funds||19||11,136,437||10,654,912|
|Total funds|||||12,052,695||11,487,754|
##
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##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|F|f.|
|Cash flows from operating|activities||||||
|Net cash provided
by operating
activities||||22|1,438,896|1,342,726|
|Cash flows from investing|activities||||||
|Dividends,
interests
and rents from investments|||||13,980|16,257|
|Proceeds from the sale oftangible fixed||assets||||8,000|
|Purchase oftangible
fixed assets|||||(646,528)|(491,128)|
|Purchase of investments
(net)|||||(7,192)|(8,325)|
|Net cash used in investing|activities||||(639,740)|(475,196)|
|Cash flows from financing|activities||||||
|Repayments
of borrowing|||||(202,574)|(211,743)|
|Interest paid|||||(227,357)|(240,111)|
|Net cash used in financing|activities||||(429,931)|(451,854)|
|Change
in cash and cash|equivalents|in|the year||369,225|415,676|
|Cash and cash equivalents|at the beginning||ofthe year||4,948,390|4,532,714|
|Cash and cash equivalents|at the end of||the year|23|5,317,615|4,948,390|
|The notes on pages 21 to 43 form part ofthese financial statements|||||||
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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020|2020|2020|
|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|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2020|
||||F|F||
|Schools'|fees|receivable|12,126,430|12,126,430|11,585,608|
##
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##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
||||F|F|
|Commission|and lettings income|9,380|2,866|12,246|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
||||F||
|Comission|and lettings income||7,162|7,162|
##
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##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021f|2021|2020|
|Miscellaneous|other income|72,249|72,249|43,705|
|School trip income||102,130|102,130|158,869|
|Profit on disposal offixed assets||||8,000|
|Income from|school bus provision|47,639|47,639|41,811|
|Catering
income||508,287|508,287|453,286|
|Total2021||730,305|730,305|705,671|
##
##
##
||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2021f|2021
E|2021|
|Provision|ofschool|services|8,180,270|1,526,332|9,706,602|
|Welfare|||735,678|113,797|849,475|
|Premises|||1,362,151|510,904|1,873,055|
||||10,278,099|2,151,033|12,429,132|
||||Activities|||
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2020|2020|2020|
||||E|E||
|Provision|ofschool|services|8,119,237|1,485,758|9,604,995|
|Welfare|||570,124|91,384|661,508|
|Premises|||1,018,263|535,706|1,553,969|
||||9,707,624|2,112,848|11,820,472|
##
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##
|||Provision of||||
|---|---|---|---|---|---|
|||school|||Total|
|||services|Welfare|Premises|funds|
|||2021|2021f|2021|2021|
|Staff costs||1,055,050|||1,055,050|
|Governance||75,604|||75,604|
|Advertising,|PR 8 events|167,484|||167,484|
|Insurance||56,937|||56,937|
|Other support costs||171,257|||171,257|
|School bus|provision||113,797||113,797|
|Depreciation||||510,904|510,904|
|||1,526,332|113,797|510,904|2,151,033|
||||||Total|
|||Teaching|Welfare|Premises|funds|
|||2020|2020|2020|2020|
|||||E|F|
|Staff costs||1,056,115|||1,056,115|
|Governance||63,741|||63,741|
|Advertising,|PR and 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|
##
##
##
##
|||2021|2020|
|---|---|---|---|
|||E||
|Depreciation|on owned assets|510,904|535,704|
|Bank and loan interest payable||227,357|240,111|
|||738,261|775,815|
##
||||2021|2020|
|---|---|---|---|---|
||||E|E|
|Fees payable|to the company's
auditor|for the audit ofthe charitable|||
|company's|annual
accounts||8,100|7,900|
|Fees payable|to the charity's
auditor
in|respect of:|||
|The auditing|ofaccounts ofassociates|ofthe company|775|750|
|All assurance|services not included
above||500|500|
|All other non-audit
services not included||above|775|750|
##
##
##
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|F|
|Wages and|salaries|||6,736,357|6,494,391|
|Social security costs||||628,552|595,064|
|Contribution|to defined|contribution|pension schemes|1,347,531|1,268,069|
|||||8,712,440|8,357,524|
||2021|2020|
|---|---|---|
||No.|No.|
|Teaching|125|123|
|Academic support|33|36|
|Property management|5|5|
|Administration|50|46|
||213|210|
||2021|2020|
|---|---|---|
||No.|No.|
|Teaching|115|113|
|Academic support|22|25|
|Property management|5|5|
|Administration|33|30|
||175|173|
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##
|2021|2020|
|---|---|
|No.|No.|
##
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##
|||||Assets||
|---|---|---|---|---|---|
||Freehold|Freehold|Plant and|under||
||land|property|machinery
f|construction
f|Total
E|
|Cost or valuation||||||
|At 1 September 2020|2,866,850|12,507,005|2,487,124|381,139|18,242,118|
|Additions||93,502|74,848|478,178|646,528|
|At 31August 2021|2,866,850|12,600,507|2,561,972|859,317|18,888,646|
|Depreciation||||||
|At 1 September 2020||3,906,607|1,706,823||5,613,430|
|Charge for the year||282,696|228,208||510,904|
|At 31August 2021||4,189,303|1,935,031||6,124,334|
|Net book value||||||
|At 31 August 2021|2,866,850|8,411,204|626,941|859,317|12,764,312|
|At 31August 2020|2,866,850|8,600,398|780,301|381,139|12,628,688|
##
##
##
|||||Cash held|||
|---|---|---|---|---|---|---|
|||Listed|Unlisted|within|||
|||securities|securities|portfolio||Total|
|||F||||F|
|Cost or valuation|||||||
|At 1 September 2020||504,035|116,015|19,742||639,792|
|Additions||66,359|2,001|||68,360|
|Disposals||(61,131)||(37)||(61,168)|
|Revaluations||83,668|13,691|||97,359|
|Transfers
between classes||(3,033)|3,033||||
|At 31August|2021|589,898|134,740|19,705||744,343|
|Net book value|||||||
|At 31August|2021|589,898|134,740|19,705||744,343|
|At 31 August|2020|504,035|116,015|19,742||639,792|
|Debtors|||||||
|||||2021||2020|
||||||F|F|
|Fees owing from parents||||140,413||53,593|
|Amounts
owed by related parties||||166,406||106,838|
|Other debtors||||3,768|||
|Prepayments|and accrued income|||265,928||241,224|
|||||576,515||401,655|
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
||||F||
|Bank loans|||211,854|264,396|
|Other loans||||499|
|Trade creditors|||416,385|187,785|
|Other taxation and|social security||326,518|304,093|
|Other creditors||||28,717|
|Accruals and deferred||income|447,865|580,264|
|Payments
received|in|advance|1,433,031|1,084,174|
||||2,835,653|2,449,928|
##
|||2021|2020|
|---|---|---|---|
|Bank loans||4,277,084|4,426,617|
|Accruals and deferred|income|237,353|254,226|
|||4,514,437|4,680,843|
##
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##
|Bank and other loans|||
|---|---|---|
||2021|2020|
|||F|
|Due within one year|211,854|264,895|
|Between one and five years|955,457|994,370|
|In five years or more|3,321,627|3,432,247|
||4,488,938|4,691,512|
##
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##
|Statement offunds|- c|urrent|year|||||
|---|---|---|---|---|---|---|---|
||||Balance at 1||||Balance at|
||||September|||Gains/|31August|
||||2020f|Income|Expenditure
F|(Losses)
E|2021
E|
|Unrestricted
funds||||||||
|Schools general fund|||10,654,912|13,059,814|(12,625,655)|47,366|11,136,437|
|Endowment
funds||||||||
|Sinking fund no. 5|||124,002||||124,002|
|McClintock scholarship|||9,472||||9,472|
||||133,474||||133,474|
|Restricted funds||||||||
|Prize fund|||116,015|2,000||13,691|131,706|
|EBWood memorial|Fund||36,045|2,866|(4,667)||34,244|
|Music scholarship
fund|||605||(605)|||
|Bursary fund (including||Marks||||||
|Foundation)|||455,773|14,107|(11,171)|36,302|495,011|
|Design and Technology||||||||
|Centre|||75,229||(17,107)||58,122|
|SirWalter Plummer||||||||
|Scholarship
Trust|||4,508||||4,508|
|The Lord Elliot Fund|||6,905||||6,905|
|Nixon Kaer Bursary|Fund||1,456||||1,456|
|Ruth Claydon
Memorial||Fund|2,832||||2,832|
|Jeanette
Hutt Debating||Prize||3,000|||3,000|
|Goodacre Hardship|Fund|||45,000|||45,000|
||||699,368|66,973|(33,550)|49,993|782,784|
|Total offunds|||11,487,754|13,126,787|(12,659,205)|97,359|12,052,695|
##
##
##
||||Balance at||||Balance at|
|---|---|---|---|---|---|---|---|
||||1 September|||Gains/|31 August|
||||2019|Income|Expenditure|(Losses)|2020|
||||E|E||E|f.|
|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|||9,472||||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|
|SirWalter 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|||11,010,097|12,606,761|(12,125,571)|(3,533)|11,487,754|
##
##
##
##
|Summary|offunds - cur|rent year|||||
|---|---|---|---|---|---|---|
|||Balance at 1||||Balance at|
|||September|||Gains/|31August|
|||2020f|Income
E|Expenditure
f|(Losses)
E|2021
F|
|General funds||10,654,912|13,059,814|(12,625,655)|47,366|11,136,437|
|Endowment|funds|133,474||||133,474|
|Restricted|funds|699,368|66,973|(33,550)|49,993|782,784|
|||11,487,754|13,126,787|(12,659,205)|97,359|12,052,695|
##
##
##
##
|Summary|offunds - pri|or year|||||
|---|---|---|---|---|---|---|
|||Balance at||||Balance at|
|||1 September|||Gains/|31August|
|||2019|Income|Expenditure|(Losses)|2020|
||||E||F|F|
|General 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|
|Analysis ofnet assets between funds
Analysis of net assets between funds -|current year||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2021|2021
E|2021|2021f|
|Tangible fixed assets|12,706,190|58,122||12,764,312|
|Fixed asset investments|470,759|273,584||744,343|
|Current assets|5,309,578|451,078|133,474|5,894,130|
|Creditors due within one year|(2,835,653)|||(2,835,653)|
|Creditors due in more than one year|(4,514,437)|||(4,514,437)|
|Total|11,136,437|782,784|133,474|12,052,695|
##
##
##
##
##
|Analysis of net assets between funds -|prior year||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2020|2020|2020|2020|
||F||F||
|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|11,487,754|
##
||||||2021f|2020
E|
|---|---|---|---|---|---|---|
|Net income for the year (as per Statement|||of Financial Activities)||564,941|477,657|
|Adjustments
for:|||||||
|Depreciation
charges|||||510,904|535,704|
|(Gains)/losses
on investments|||||(97,359)|3,603|
|Dividends,
interests|and rents from|investments||(net)|(13,980)|(16,257)|
|Profit on the sale offixed assets||||||(8,000)|
|(Increase)/decrease|in debtors||||(174,860)|21,714|
|Increase
in creditors|||||421,893|88,194|
|Interest paid|||||227,357|240,111|
|Net cash provided|by operating|activities|||1,438,896|1,342,726|
##
##
##
|||2021|2020|
|---|---|---|---|
|||E|F|
|Cash|in hand|3,260,768|2,892,616|
|Notice|deposits (less than 3months)|2,037,131|2,036,060|
|COIF|cash funds|19,716|19,714|
|Total|cash and cash equivalents|5,317,615|4,948,390|
##
||||At 1||Other non-||
|---|---|---|---|---|---|---|
||||September||cash|At 31|
||||2020|Cash flows|changes
E|August 2021
f|
|Cash|at bank and|in hand|4,948,390|369,225||5,317,615|
|Debt|due within
1|year|(264,895)|202,574|(149,533)|(211,854)|
|Debt|due after 1 year||(4,426,617)||149,533|(4,277,084)|
||||256,878|571,799||828,677|
##
##
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
|Not later than||1 year|23,661|22,202|
|Later than|1 year and not later than 5 years||52,821|48,647|
||||76,482|70,849|
##
|the contrac|t a|re as follows:|||
|---|---|---|---|---|
||||2021f|2020|
|Not later than||1 year|10,255|17,580|
|Later than|1 year and not later than 5years|||10,255|
||||10,255|27,835|
##
##