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|||||Page|
|---|---|---|---|---|
|Reference and administrative<br>details||||1-2|
|Trustees'<br>report||||3-17|
|Independent|auditor's<br>report on the financial statements|||18-20|
|Consolidated|statement<br>offinancial|activities||21|
|Consolidated|income and expenditure||account|22|
|Consolidated|balance sheet|||23-24|
|Company<br>balance sheet||||25-26|
|Consolidated|statement<br>ofcash flows|||27|
|Notes to the|financial statements|||28-60|





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|Governors|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Mrs J Drummond,<br>Co-opted Governor||(Chairman|||||from 2 December 2017)|
||||Ms T Hartley, Co-opted Governor (Vice Chairman)||||||||
||||DrJ Berry, Co-opted Governor (appointed|||15October 2020)|||||
||||Mr P A Campbell,<br>Co-opted Governor||(resigned||||12June 2020)||
||||Ms C D'Cruz, Co-opted Governor (resigned||||12June 2020)||||
||||Mr I Evbuomwan,<br>Co-opted Governor||(resigned||||12June 2020)||
||||Mr H Fell, Co-opted Governor||||||||
||||Mr A Fletcher, Co-opted Governor||||||||
||||Mrs SGreen, Co-opted Governor||||||||
||||Mrs A Gupta, Co-opted Governor||||||||
||||Prof S Hambleton,<br>Nominated<br>by the University||||||ofNewcastle||
||||Prof M Hannifa,<br>Nominated<br>by the|University|||of||Newcastle||
||||Mr A Lamb, Co-opted Governor||||||||
||||Mr N McMinn, Co-opted Governor|(appointed|||24|||April 2020)|
||||Miss S Milligan,<br>Co-opted Governor||||||||
||||Mr A Murphy,<br>Co-opted Governor||||||||
||||Mrs C Murphy,<br>Co-opted Governor|(resigned|||12June 2020)||||
||||Mr M Robinson,<br>Co-opted Governer (appointed||||||15October 2020)||
||||Mr I Simpson,<br>Co-opted Governor||||||||
||||Ms C Stonehouse,<br>Co-opted Governor||||||||
||||Cllr TThorne, Nominated<br>by Northumberland|||||County Council|||
||||ProfJ Turner, Co-opted Governor|(resigned|||8|January 2020)|||
||||Mrs SWoodroffe, Co-opted Governor||||||||
|Company|registered||||||||||
|number|||05664801||||||||
|Charity registered|||||||||||
|number|||1114424||||||||
|Registered||office|Eskdale Terrace||||||||
||||Newcastle<br>upon Tyne||||||||
||||NE2 4DX||||||||
|Company|secretary||J Blott||||||||
|Headmaster|||Mr G Stanford||||||||
|Independent||auditor|UNW LLP||||||||
||||Chartered<br>Accountants||||||||
||||Citygate||||||||
||||St.James' Boulevard||||||||
||||Newcastle<br>upon Tyne||||||||
||||NE1 4JE||||||||





## 

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|Bankers||Barclays Bank pic|Barclays Bank pic|
|---|---|---|---|
|||PO Box379||
|||71 Grey Street||
|||Newcastle<br>upon|Tyne|
|||NE99 1JA||
|||NatWest||
|||2nd Floor||
|||1 Trinity Gardens||
|||Broad Chare||
|||Newcastle<br>upon|Tyne|
|||NE1 2HF||
|Investment|advisors|Brewin Dolphin|Limited|
|||Time Central||
|||Gallowg ate||
|||Newcastle<br>upon|Tyne|
|||NE14SR||
|||CCLA||
|||Senator House||
|||85 Queen Victoria Street||
|||London||
|||EC4V 4ET||
|Insurance|broker|Zurich Municipal||
|||Zurich House||
|||2 Gladiator Way||
|||Farnborough||
|||GU14 6GB||





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|UKGreenhouse<br>gas emissions<br>and energy use data for the|UKGreenhouse<br>gas emissions<br>and energy use data for the|UKGreenhouse<br>gas emissions<br>and energy use data for the|UKGreenhouse<br>gas emissions<br>and energy use data for the|period 1August 2019to 31July 2020|
|---|---|---|---|---|
|Energy Consumption|used to calculate emissions||(kWh)|4,314,067|
|Scope 1emissions|in|metric tonnes CO2e|||
|Gas consumption||||540.20|
|Transport<br>fuel||||14.43|
|Total Scope 1||||554.63|
|Scope 2emissions|in|metric tonnes CO2e|||
|Purchased<br>electricity||||305.15|
|Scope 3emissions|in|metric tonnes CO2e|||
|Business travel<br>in employee<br>owned vehicles||||1.38|
|Total gross emissions||in metric tonnes CO2e||861.16|
|Intensity<br>ratio tonnes||CO2e per pupil||0.66|





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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
||||2020|2020|2020|2020|2019|
|||Note||E||E|E|
|Income from:||||||||
|Donations<br>and legacies|||1,054,075|665,578||1,719,653|837,756|
|Charitable<br>activities|||16,986,875|||16,986,875|17,054,826|
|Other trading<br>activities|||109,615|||109,615|165,499|
|Investments|||13,785|46,117||59,902|65,085|
|Other income|||39,609|||39,609|22,060|
|Total income|||18,203,959|711,695||18,915,654|18,145,226|
|Expenditure<br>on:||||||||
|Raising funds||7|125,588|||125,588|145,204|
|Charitable<br>activities||8|17,784,019|665,148||18,449,167|17,478,866|
|Total expenditure|||17,909,607|665,148||18,574,755|17,624,070|
|Net (losses)/gains<br>on||||||||
|investments|||||(115,105)|(115,105)|40,328|
|Net income<br>/<br>(expenditure)|||294,352|46,547|(115,105)|225,794|561,484|
|Net movement<br>in||||||||
|funds before other<br>recognised<br>gains|||294,352|46,547|(115,105)|225,794|561,484|
|Other recognised||||||||
|gains:||||||||
|Gains on revaluation|of|||||||
|fixed assets|||1,740,775|||1,740,775||
|Net movement<br>in<br>funds|||2,035,127|46,547|(115,105)|1,966,569|561,484|
|Reconciliation<br>of||||||||
|funds:||||||||
|Total funds brought||||||||
|forward|||33,032,613|63,988|1,329,620|34,426,221|33,864,737|
|Net movement<br>in funds|||2,035,127|46,547|(115,105)|1,966,569|561,484|
|Total funds carried<br>forward|||35,067,740|110,535|1,214,515|36,392,790|34,426,221|





## 

## 

## 

|||Total funds|Total funds|
|---|---|---|---|
|||2020|2019|
||||E|
|Income||18,915,654|18,145,226|
|Gains on revaluation<br>offixed assets||1,740,775||
|Gross income in the reporting|period|20,656,429|18,145,226|
|Less: Total expenditure||(18,574,755)|(17,624,070)|
|Net income for the reporting|period|2,081,674|521,156|





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## 

## 

|||||2020||2019|
|---|---|---|---|---|---|---|
|||Note||||F|
|Fixed assets|||||||
|Tangible assets||12||47,143,906||43,470,334|
|Investment<br>property||13||365,000||440,000|
|Investments||14||849,515||889,620|
|||||48,358,421||44,799,954|
|Current assets|||||||
|Stocks||15|24,533||13,114||
|Debtors||16|248,413||341,004||
|Cash at bank and|in hand||9,024,424||6,460,247||
||||9,297,370||6,814,365||
|Creditors: amounts|falling due within one||||||
|year||17|(7,247,112)||(3,327,045)||
|Net current assets||||2,050,258||3,487,320|
|Total assets less|current liabilities|||50,408,679||48,287,274|
|Creditors: amounts|falling due after more||||||
|than one year||18||(14,015,889)||(13,861,053)|
|Total net assets||||36,392,790||34,426,221|
|Charity funds|||||||
|Endowment<br>funds||19||1,214,515||1,329,620|
|Restricted funds||19||110,535||63,988|
|Unrestricted<br>funds|||||||
|Designated<br>funds||19|3,725,332||4,000,000||
|Revaluation<br>reserve||19|12,941,804||11,201,029||
|General funds||19|18,400,604||17,831,584||
|Total unrestricted|funds|19||35,067,740||33,032,613|
|Total funds||||36,392,790||34,426,221|





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## 

|||||2020||2019|
|---|---|---|---|---|---|---|
|||Note||F||F|
|Fixed assets|||||||
|Tangible assets||12||47,137,441||43,470,334|
|Investments||14||849,516||889,621|
|Investment<br>property||13||365,000||440,000|
|||||48,351,957||44,799,955|
|Current assets|||||||
|Stocks||15|21,243||9,928||
|Debtors||16|256,985||358,061||
|Cash at bank and|in hand||9,014,246||6,433,889||
||||9,292,474||6,801,878||
|Creditors: amounts|falling due within one||||||
|year||17|(7,245,811)||(3,325,793)||
|Net current assets||||2,046,663||3,476,085|
|Total assets less|current liabilities|||50,398,620||48,276,040|
|Creditors: amounts|falling due after more||||||
|than one year||18||(14,015,889)||(13,861,053)|
|Total net assets||||36,382,731||34,414,987|
|Charity funds|||||||
|Endowment<br>funds||19||1,214,515||1,329,620|
|Restricted funds||19||110,535||63,988|
|Unrestricted<br>funds|||||||
|Designated<br>funds||19|4,000,000||4,000,000||
|Revaluation<br>reserve||19|12,941,804||11,201,029||
|General funds||19|18,115,877||17,820,350||
|Total unrestricted|funds|19||35,057,681||33,021,379|
|Total funds||||36,382,731||34,414,987|





## 

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## 



## 

## 

## 

||||Note|2020f|2019<br>E|
|---|---|---|---|---|---|
|Cash flows from operating<br>activities||||||
|Net cash used<br>in operating<br>activities|||21|1,875,903|2,955,559|
|Cash flows from investing<br>activities||||||
|Dividends,<br>interests<br>and rents from investments||||59,902|65,085|
|Proceeds from the sale oftangible fixed|assets||||223,823|
|Purchase oftangible fixed assets||||(3,432,186)|(6,461,742)|
|Proceeds from sale ofinvestments||||511,322|190,669|
|Purchase ofinvestments||||(511,322)|(190,669)|
|Net cash used in investing<br>activities||||(3,372,284)|(6,172,834)|
|Cash flows from financin<br>activities||||||
|Repayments<br>ofborrowing||||(420,000)|(9,193,003)|
|Interest paid||||(519,442)|(399,144)|
|New bank borrowings||||5,000,000|15,000,000|
|Net cash provided<br>by financing<br>activities||||4,060,558|5,407,853|
|Change<br>in cash and cash equivalents|in|the year||2,564,177|2,190,578|
|Cash and cash equivalents<br>at the beginning||ofthe year||6,460,247|4,269,669|
|Cash and cash equivalents<br>at the end of||the year|22|9,024,424|6,460,247|
|The notes on pages 28 to 60 form part ofthese financial statements||||||





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|Freehold<br>property||- 50years|
|---|---|---|
|Leasehold<br>land and|buildings|- over the life ofthe lease|
|All weather<br>pitch||- 20 years|
|Motor vehicles||- 4years|
|Fixtures and fittings||- 3-10years|
|Trading<br>subsidiary|equipment|-4 years|



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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020|2020|2020|
||||F|||
|Hospital ofSt Mary|the Virgin||192,480||192,480|
|The Royal Grammar|School Educational|Trust||665,148|665,148|
|Other income for bursaries||||430|430|
|Government<br>grants|||861,595||861,595|
||||1,054,075|665,578|1,719,653|
||||Unrestdcted|Restricted|Total|
||||funds|funds|funds|
||||2019|2019|2019|
||||E|E|E|
|Hospital ofSt Mary|the Virgin||238,500||238,500|
|The Royal Grammar|School Educational|Trust||597,106|597,106|
|Other income for bursaries||||2,150|2,150|
||||238,500|599,256|837,756|





## 

## 

## 

|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||E|||
|Provision|ofschool services|16,986,875|16,986,875|17,054,826|
|School|fees||||
||||2020|2019|
||||F|F|
|Gross fees|||16,841,972|16,719,094|
|Less: Grants and allowances|||(408,379)|(376,904)|
|Catering|income||553,282|712,636|
||||16,986,875|17,054,826|



## 

|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020|2020|2019|
|Facilities|lettings income|||70,845|70845|100623|
|Income|from non charitable|trading|activities||||



|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2020|2020|2019|
|K|E|f.|
|38,770|38,770|64,876|





## 

## 

## 

## 

||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020|2020f|2020|
|Property|rental income|||34,350|34,350|
|Dividend|income|||5,181|5,181|
|Prize fund dividend||income||3,560|3,560|
|Bank interest|||13,785|3,026|16,811|
||||13,785|46,117|59,902|



||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2019|2019|2019|
|||||F||
|Property|rental income|||39,184|39,184|
|Dividend|income|||3,935|3,935|
|Prize fund dividend||income||3,346|3,346|
|Bank interest|||10,409|8,211|18,620|
||||10,409|54,676|65,085|





## 

## 

## 

## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020f|
|Fundraising|costs|9,196|9,196|
|Marketing|costs|53,205|53,205|
|Costs of letting facilities||23,241|23,241|
|Subsidiary|trading costs|39,945|39,945|
|||125,587|125,587|
|||Unrestricted|Total|
|||funds|funds|
|||2019|2019|
|||P|F|
|Fundraising|costs|19,449|19,449|
|Marketing|costs|67,022|67,022|
|Costs of letting facilities||1,996|1,996|
|Subsidiary|trading costs|56,737|56,737|
|||145,204|145,204|





## 

## 

## 

## 

|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020<br>f|2020<br>f|2020f|
|Provision|ofschool services|17,091,042||17,091,042|
|Bursaries|provided|692,977|665,148|1,358,125|
|||17,784,019|665,148|18,449,167|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2019<br>f|2019<br>f|2019f|
|Provision|ofschool services|16,424,756||16,424,756|
|Bursaries|provided|440,234|613,876|1,054,110|
|||16,864,990|613,876|17,478,866|





## 

## 

## 

## 

|||Activities|Grant|||
|---|---|---|---|---|---|
|||undertaken|funding of|Support|Total|
|||directly|activities|costs|funds|
|||2020|2020|2020|2020|
|||E||F|E|
|Provision|ofschool services|15,170,358|37,567|1,883,118|17,091,043|
|Bursaries|provided|896,699|284,259|177,167|1,358,125|
|||16,067,057|321,826|2,060,285|18,449,167|



|||Activities|Grant|||
|---|---|---|---|---|---|
|||undertaken|funding<br>of|Support|Total|
|||directly|activities|costs|funds|
|||2019|2019|2019|2019|
|Provision|ofschool services|14,829,303|37,517|1,557,936|16,424,756|
|Bursaries|provided|836,911|57,409|159,790|1,054,110|
|||15,666,214|94,926|1,717,726|17,478,866|





## 

## 

|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2020|2019|
|||||E||
|Depreciation||||1,499,389|1,223,352|
|Teachers' salaries||||9,143,521|8,569,329|
|Teaching resources||||579,381|746,893|
|Other educational<br>costs||||184,269|219,087|
|Other teaching staff costs||||239,650|148,740|
|Premises costs - salary||||727,571|653,592|
|Premises costs - maintenance||||472,337|588,589|
|Premises costs - occupancy||||654,889|770,678|
|Premises costs - insurance||||123,823|129,981|
|Catering costs - staff salaries||||252,792|245,933|
|Catering costs - food||||276,958|400,384|
|Catering costs - kitchen overheads||||73,287|99,074|
|Academic support expenditure|-educational|support salaries||689,721|750,005|
|Academic support expenditure|-PE and sport|||211,758|232,329|
|Academic support expenditure<br>costs|-clubs, school magazines||and miscellaneous|30,357|41,833|
|Bursaries provided||||896,699|836,911|
|Prizes and awards||||10,656|9,504|
|||||16,067,057|15,666,214|



|||Provision of|||
|---|---|---|---|---|
|||school|Fundraising|Total|
|||services|costs|funds|
|||2020|2020|2020|
|||E|E||
|Administration|costs|906,003|177,167|1,083,170|
|Financial costs||875,929||875,929|
|Other central costs||79,767||79,767|
|Governance||21,419||21,419|
|||1,883,118|177,167|2,060,285|





## 

## 

## 

## 

|||Provision of|||
|---|---|---|---|---|
|||school|Fundraising|Total|
|||services|costs|funds|
|||2019|2019|2019|
||||f.||
|Administration|costs|945,248|159,790|1,105,038|
|Financial costs||483,686||483,686|
|Other central costs||104,729||104,729|
|Governance||24,273||24,273|
|||1,557,936|159,790|1,717,726|



## 

||||2020|2019|
|---|---|---|---|---|
|Fees payable <br>company's|to the company's<br>auditor <br>annual accounts|for the audit ofthe charitable|7,500|7,500|
|Fees payable|to the company's<br>auditor|in respect of:|||
|The auditing|ofaccounts ofassociates|ofthe company|4,500|4,500|
|All assurance|services not included above||1,750|1,750|
|All non-audit|services not included<br>above||1,250|1,250|



## 

|Pupils and employees<br>details|||
|---|---|---|
||2020|2019|
|||F|
|Staffcosts|||
|Wages and salaries|8,926,335|8,730,182|
|Social security costs|938,551|899,665|
|Pension contributions|1,708,497|1,225,327|
||11,573,383|10,855,174|





## 

## 

## 

||||||2020|2019|
|---|---|---|---|---|---|---|
||||||No.|No.|
|The number ofemployees||receiving|remuneration|ofmore than|||
|F60,000per annum|is as|follows:|||||
|f60,001 - 870,000|||||11||
|F70,001 - F80,000|||||3||
|F80,001 - F90,000|||||3||
|f90,001 - 6100,000|||||||
|f100,001 - 6110,000|||||||
|F120,001 - f130,000|||||||
|f130,001 - 8140,000|||||||
|||||||17|



||Headcount|Headcount|FTE|FTE|
|---|---|---|---|---|
||2020|2019|2020|2019|
||No.|No.|No.|No.|
|Staff numbers|||||
|Senior school teachers|118|118|111|111|
|Junior school teachers|22|18|20|17|
|Academic support|38|39|28|29|
|Property management|33|33|26|24|
|Clerical and administrative|24|26|21|23|
|Catering|20|19|14|12|
||255|253|220|216|





## 

## 

## 

|Pupil numbers<br>at 31July 2020|||
|---|---|---|
||2020|2019|
||No.|No.|
|Senior School|||
|Full fees|961|981|
|Receiving bursaries|71|66|
||1,052|1,047|
||2020|2019|
||No.|No.|
|Junior School|||
|Full fees|256|260|
|Receiving bursaries|6|6|
||262|266|





## 

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## 

|||||Fixtures|Trading|Assets||
|---|---|---|---|---|---|---|---|
|||Land and|Motor|and|subsidiary|under||
|||buildings|vehicles|fittings|equipment|construction|Total|
||||E|||E|E|
|Cost or valuation||||||||
|At 1 August 2019||40,015,160|121,290|2,869,717|3,447|7,190,450|50,200,064|
|Additions||||295,668|8,620|3,127,898|3,432,186|
|Transfers|between|||||||
|classes||9,902,246||416,102||(10,318,348)||
|Revaluations||1,740,775|||||1,740,775|
|At 31 July|2020|51,658,181|121,290|3,581,487|12,067||55,373,025|
|Depreciation||||||||
|At 1 August 2019||4,478,048|77,576|2,170,659|3,447||6,729,730|
|Charge for the year||904,?96|20,530|571,908|2,155||1,499,389|
|At 31 July|2020|5,382,844|98,106|2,742,567|5,602||8,229,119|
|Net book|value|||||||
|At 31 July|2020|46,275,337|23,184|838,920|6,465||47,143,906|
|At 31 July|2019|35,537,112|43,714|699,058||7,190,450|43,470,334|





## 

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## 

|||||Assets||
|---|---|---|---|---|---|
||Land and|Motor|Fixtures and|under||
||buildings<br>E|vehicles<br>f|fittings|construction<br>E|Totalf|
|Cost or valuation||||||
|At 1 August 2019|40,015,160|121,290|2,869,717|7,190,450|50,196,617|
|Additions|||295,668|3,127,898|3,423,566|
|Transfers<br>between classes|9,902,246||416,102|(10,318,348)||
|Revaluations|1,740,775||||1,740,775|
|At 31 July 2020|51,658,181|121,290|3,581,487||55,360,958|
|Depreciation||||||
|At 1 August 2019|4,478,048|77,576|2,170,659||6,726,283|
|Charge for the year|904,796|20,530|571,908||1,497,234|
|At 31 July 2020|5,382,844|98,106|2,742,567||8,223,517|
|Net book value||||||
|At 31 July 2020|46,275,337|23,184|838,920||47,137,441|
|At 31 July 2019|35,537,112|43,714|699,058|7,190,450|43,470,334|





## 

## 

## 

## 

||Freehold|
|---|---|
||investment|
||property|
||f.|
|Valuation||
|At 1 August 2019|440,000|
|Impairment|(75,000)|
|At 31 July 2020|365,000|
|Company||
||Freehold|
||investment|
||property|
|Valuation||
|At 1 August 2019|440,000|
|Impairment|(75,000)|
|At 31 July 2020|365,000|





## 

## 

## 

## 

||||Listed|Unlisted||
|---|---|---|---|---|---|
|Group|||investments<br>f|investments|Totalf|
|Cost or valuation||||||
|At 1 August 2019|||786,461|103,158|889,619|
|Additions|||28,530|476,500|505,030|
|Disposals|||(522,096)||(522,096)|
|Revaluations|||(17,700)|(5,338)|(23,038)|
|At 31July 2020|||275,195|574,320|849,515|
|Net book value||||||
|At 31July 2020|||275,195|574,320|849,515|
|At 31 July 2019|||786,461|103,158|889,619|
||Investments|||||
||in|||||
||subsidiary||Listed|Unlisted||
|Company|companies|f|investments<br>f|investments<br>f|Totalf|
|Cost or valuation||||||
|At 1 August 2019|||786,461|103,158|889,620|
|Additions|||28,530|476,500|505,030|
|Disposals|||(522,096)||(522,096)|
|Revaluations|||(17,700)|(5,338)|(23,038)|
|At 31July 2020||1|275,195|574,320|849,516|
|Net book value||||||
|At 31July 2020||1|275,195|574,320|849„516|
|At 31 July 2019||1|786,461|103,158|889,620|





## 

## 

## 

## 

|Stocks|||||
|---|---|---|---|---|
||Group|Group|Company|Company|
||2020|2019|2020|2019|
|||F|f,|F|
|Teaching and other stock|7,613|4,096|7,613|4,096|
|Kitchen|13,630|5,832|13,630|5,832|
|Goods for resale|3,290|3,186|||
||24,533|13,114|21,243|9,928|



## 

||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2020|2019|2020|2019|
|||||F|F|E|
|Due within one year|||||||
|Trade debtors|||80,831|138,942|80,831|138,942|
|Amounts<br>owed by group undertakings|||||9,695|17,083|
|Amounts<br>owed by participating||interests||2,847||2,847|
|Other debtors|||6,278|5,918|5,155|5,892|
|Prepayments|and accrued income||161,304|193,297|161,304|193,297|
||||248,413|341,004|256,985|358,061|



||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2020|2019|2020|2019|
|||||F|||
|Bank loans|||5,210,000|840,000|5,210,000|840,000|
|Trade creditors|||146,142|850,242|146,142|850,242|
|School field trip creditors|||107,600|151,564|107,600|151,564|
|Pension creditor|||224,739|178,890|224,739|178,890|
|Other taxation<br>and|social security||236,446|230,353|236,446|230,353|
|Other creditors|||443,713|104,670|443,713|104,670|
|Accruals and deferred||income|711,446|823,198|710,145|821,946|
|Fees in advance|||119,226|80,528|119,226|80,528|
|Deposits repayable|within one year||47,800|67,600|47,800|67,600|
||||7,247,112|3,327,045|7,245,811|3,325,793|





## 

## 

## 

|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2020f|2019<br>F|2020<br>F|2019<br>F|
|Bank loans||13,677,000|13,467,000|13,677,000|13,467,000|
|Other creditors||191,200|193,800|191,200|193,800|
|Fees received|in advance|147,689|200,253|147,689|200,253|
|||14,015,889|13,861,053|14,015,889|13,861,053|
|Included<br>within|the above are amounts|falling due as follows:||||
|||Group|Group|Company|Company|
|||2020|2019|2020|2019|
|||F|F|E|F|
|Between one|and two years|||||
|Bank loans||840,000|840,000|840,000|840,000|
|Between two|and five years|||||
|Bank loans||2,520,000|2,520,000|2,520,000|2,520,000|
|Over five years||||||
|Bank loans||10,317,000|10,107,000|10,317,000|10,107,000|



||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|
||||||2020|2019|2020|2019|
|||||||F||F|
|Payable|or|repayable|by|instalments|10,317,000|10,107,000|10,317,000|10,107,000|
||||||10,317,000|10,107,000|10,317,000|10,107,000|





## 

## 

## 

|Statement o|ffunds|-current|year|||||
|---|---|---|---|---|---|---|---|
||||Balance at 1|||Gains/|Balance at|
||||August 2019|Income|Expenditure|(Losses)|31 July 2020|
||||E|E||||
|Designated|funds|||||||
|Bursary Fund|||4,000,000||(274,668)||3,725,332|
|Revaluation|reserve||11,201,029|||1,740,775|12,941,804|
|General funds||||||||
|School general<br>fund|||17,820,350|18,165,189|(17,594,994)||18,390,545|
|RGS Trading|||11,234|38,770|(39,945)||10,059|
||||17,831,584|18,203,959|(17,634,939)||18,400,604|
|Total Unrestricted||funds|33,032,613|18,203,959|(17,909,607)|1,740,775|35,067,740|
|Endowment|funds|||||||
|Prize Funds|Charity||103,158|||3,687|106,845|
|J R Howarth|Bursary Fund||152,623|||(19,749)|132,874|
|Peter Taylor|Bursary|Fund|94,570|||(11,671)|82,899|
|The Storrow|Scott Trust||979,269|||(87,372)|891,897|
||||1,329,620|||(115,105)|1,214,515|
|Restricted funds||||||||
|J R Howarth|Bursary Fund||(599)|2,399|||1,800|
|Peter Taylor|Bursary Fund||12,647|2,781|||15,428|
|School Bursary Fund|||48,063|665,578|(624,021)||89,620|
|Cricket Fund|||432||||432|
|The Storrow|Scott Trust||3,445|37377|(37,567)||3,255|
|Prize Fund||||3,560|(3,560)|||
||||63,988|711,695|(665,148)||110,535|
|Total offunds|||34,426,221|18,915,654|(18,574,755)|1,625,670|36,392,790|





## 

## 

## 

|Statement offunds|(continued)||||||
|---|---|---|---|---|---|---|
|Statement offunds|- prior year||||||
||Balance at||||||
||1 August<br>2018|Income|Expenditure|Transfers<br>in/out|Gains/<br>(Losses)|Balance at<br>31 July 2019|
||F|E|E|E|F|F|
|Designated|||||||
|funds|||||||
|Bursary Fund|4,000,000||(57,409)|57,409||4,000,000|
|Revaluation|||||||
|reserve|11,201,029|||||11,201,029|
||15,201,029||(57,409)|57,409||15,201,029|
|General funds|||||||
|School general<br>fund|17,338,030|17,426,418|(16,896,048)|(48,050)||17,820,350|
|RGS Trading|3,095|64,876|(56,737)|||11,234|
||17,341,125|17,491,294|(16,952,785)|(48,050)||17,831,584|
|Total|||||||
|Unrestricted|||||||
|funds|32,542,154|17,491,294|(17,010,194)|9,359||33,032,613|
|Endowment|||||||
|funds|||||||
|Prize Funds|||||||
|Charity|94,752||||8,406|103,158|
|J R Howarth|||||||
|Bursary Fund|172,538|||(9,359)|(10,556)|152,623|
|Peter Taylor<br>Bursary Fund|96,434||||(1,864)|94,570|
|The Storrow|||||||
|Scott Trust|934,927||||44,342|979,269|
||1,298,651|||(9,359)|40,328|1,329,620|
|Restricted|||||||
|funds|||||||
|J R Howarth|||||||
|Bursary Fund|7,412|5,153|(13,164)|||(599)|





## 

## 

## 

## 

|Statement offun|ds - prior year|(continued)|||||
|---|---|---|---|---|---|---|
||Balance at||||||
||1 August<br>2018|Income|Expenditure|Transfers<br>in/out|Gains/<br>(Losses)|Balance at<br>31 July 2019|
|||F||E|E||
|Peter Taylor<br>Bursary Fund|9,589|3,058||||12,647|
|School Bursary<br>Fund|8,656|599,256|(559,849)|||48,063|
|Cricket Fund|432|||||432|
|The Storrow|||||||
|Scott Trust|(2,157)|43,119|(37,517)|||3,445|
|Prize Fund||3,346|(3,346)||||
||23,932|653,932|(613,876)|||63,988|
|Total offunds|33,864,737|18,145,226|(17,624,070)||40,328|34,426,221|





## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

|Analysis ofnet assets between funds - c|urrent period||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2020|2020<br>E|2020<br>F|2020f|
|Tangible fixed assets|47,143,906|||47,143,906|
|Fixed asset investments|||849,515|849,515|
|Investment<br>property|||365,000|365,000|
|Current assets|9,186,834|110,535||9,297,369|
|Creditors due within one year|(7,247,111)|||(7,247,111)|
|Creditors due in more than one year|(14,015,889)|||(14,015,889)|
|Total|35,067,740|110,535|1,214,515|36,392,790|
|Analysis ofnet assets between funds - prior period|||||
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2019|2019|2019|2019|
|||F|E||
|Tangible fixed assets|43,470,334|||43,470,334|
|Fixed asset investments|||889,620|889,620|
|Investment<br>property|||440,000|440,000|
|Current assets|6,750,377|63,988||6,814,365|
|Creditors due within one year|(3,327,045)|||(3,327,045)|
|Creditors due in more than one year|(13,861,053)|||(13,861,053)|
||33,032,613|63,988|1,329,620|34,426,221|





## 

## 

## 

|21.|Reconcili|ation<br>ofn|et|movement|in funds|to|net cash flow fr|om operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Group|Group|
||||||||||2020|2019|
||||||||||F|F|
||Net income for the period (as per Statement|||||of|Financial Activities)||225,794|561,484|
||Adjustments<br>for:||||||||||
||Depreciation<br>charges||||||||1,499,389|1,229,705|
||Interest paid||||||||519,442|399,144|
||Losses/(gains)<br>on investments||||||||115,105|(40,328)|
||Dividends,|interests|and rents from||investments||||(59,902)|(65,085)|
||Profit on the sale offixed assets|||||||||(2,500)|
||Increase|in stocks|||||||(11,419)|(1,420)|
||Decrease|in debtors|||||||92,591|240,363|
||(Decrease) / increase<br>in creditors||||||||(505,097)|634,196|
||Net cash|provided|by|operating|activities||||1,875,903|2,955,559|
|22.|Analysis|ofcash and||cash equivalents|||||||
||||||||||Group|Group|
||||||||||2020|2019|
||||||||||f.|F|
||Cash in hand||||||||9,024,424|6,460,247|
||Total cash and cash|||equivalents|||||9,024,424|6,460,247|
|23.|Analysis|ofchanges||in net debt|||||||
||||||||||Other non-||
||||||||At 1August||cash|At 31July|
||||||||2019|Cash flows|changes|2020|
||||||||||E||
||||||||K||||
||Cash at bank and in||hand||||6,460,247|2,564,177||9,024,424|
||Debt due|within<br>1 year|||||(840,000)|(4,580,000)|210,000|(5,210,000)|
||Debt due|after 1 year|||||(13,467,000)||(210,000)|(13,677,000)|
||||||||(7,846,753)|(2,015,823)||(9,862,576)|





## 

## 

## 



## 

## 



## 

## 

## 

## 

## 


## 



## 

## 

## 

## 

|Principal sub|sidiaries||||||||
|---|---|---|---|---|---|---|---|---|
|The following|was a subsidiary|undertaking||ofthe company:|||||
|Name||||Company|Class of|Holding|Included|in|
|||||number|shares||consolidation||
|RGS Trading|Limited|||04063794|Ordinary|100%|Yes||
|The financial|results ofthe subsidiary||for|the year were:|||||
|Name||||Income|Expenditure|Profit/(Loss)<br>ISurplus/|Net|assetsf|
|||||||(Deficit) for|||
|||||||the year|||
|||||||E|||
|RGS Trading|Limited|||38,770|(39,945)|(1,175)||10,061|