2021-07-31-accounts

							Page
Reference and administrative			details				1-2
Trustees' report							3-16
Independent	auditor's	report	to the members		ofThe Newcastle	upon Tyne Royal Grammar	17-20
School
Consolidated	statement offinancial activities						21
Consolidated	income	and expenditure		account			22
Consolidated	balance	sheet					23-24
Company balance sheet							25-26
Consolidated	statement ofcash flows						27
Notes to the	financial	statements					28-60

Governors			Mrs J Drummond, Co-opted Governor	Mrs J Drummond, Co-opted Governor	(Chair	from 2 December 20	17, resigned as
			Chair on 3August 2021)
			Ms T Hartley, Co-opted Governor (Vice		Chair	from 9 March 2017)
			Mrs J Berry (appointed 15October	2020)
			Mr H Fell, Co-opted Governor
			Mr A Fletcher, Co-opted Governor	(Chair from 3August 2021)
			Mrs SGreen, Co-opted Governor
			Mrs A Gupta, Co-opted Governor
			Prof SHambleton, Co-opted Governor		(resigned 30June 2021)
			Prof M Hannifa, Co-opted Governor
			Mr A Lamb, Co-opted Governor
			Mr N McMinn, Co-opted Governor
			Miss S Milligan, Co-opted Governor
			Mr A Murphy, Co-opted Governor
			Mr M Robinson (appointed 15October		2020)
			Mr I Simpson, Co-opted Governor	(resigned 30June 2021)
			Ms C Stonehouse, Co-opted Governor
			Cllr TThorne, Nominated by Northumberland			County Council
			Mrs SWoodroffe, Co-opted Governor
Company	registered
number			05664801
Charity registered
number			1114424
Registered		office	Eskdale Terrace
			Newcastle upon Tyne
			NE2 4DX
Company	secretary		C Black
Headmaster			Mr G Stanford
Independent		auditor	UNW LLP
			Chartered Accountants
			Citygate
			St James' Boulevard
			Newcastle upon Tyne
			NE1 4JE

Bankers		Barclays Bank pic
		PO Box379
		71 Grey Street
		Newcastle upon Tyne
		NE99 1JA
		NatWest
		2nd Floor
		1 Trinity Gardens
		Broad Chare
		Newcastle upon Tyne
		NE12HF
Investment	advisors	CCLA
		Senator House
		85 Queen Victoria Street
		London
		EC4V4ET
Insurance	broker	Zurich Municipal
		Zurich House
		2 Gladiator Way
		Farnborough
		GU14 6GB

				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
				2021	2021	2021	2021	2020
			Note	E			E
Income from:
Donations and legacies				534,198	828,468		1,362,666	1,719,653
Charitable activities				17,903,997			17,903,997	16,986,875
Other trading activities				14,463			14,463	109,615
Investments					52,683		52,683	59,902
Other income				17,493			17,493	39,609
Total income				18,470,151	881,151		19,351,302	18,915,654
Expenditure on:
Raising funds			7	82,990			82,990	125,588
Charitable activities			8	17,909,220	828,468		18,737,688	18,449,167
Total expenditure				17,992,210	828,468		18,820,678	18,574,755
Net gains/(losses) investments	on					109,598	109,598	(115,105)
Net income / (expenditure)				477,941	52,683	109,598	640,222	225,794
Net movement in
funds before other recognised gains				477,941	52,683	109,598	640,222	225,794
Other recognised
gains:
Gains on revaluation		of
fixed assets								1,740,775
Net movement in funds				477,941	52,683	109,598	640,222	1,966,569
Reconciliation of
funds:
Total funds brought forward				35,067,740	110,535	1,214,515	36,392,790	34,426,221
Net movement in	funds			477,941	52,683	109,598	640,222	1,966,569
Total funds carried forward				35,545,681	163,218	1,324,113	37,033,012	36,392,790

		Total funds	Total funds
		2021	2020
Income		19,351,302	18,915,654
Gains on revaluation offixed assets			1,740,775
Gross income in the reporting	period	19,351,302	20,656,429
Less: Total expenditure		(18,820,678)	(18,574,755)
Net income for the reporting	period	530,624	2,081,674

					2021		2020
			Note		f.		E
Fixed assets
Tangible assets			12		45,965,595		47,143,906
Investment property			13		365,000		365,000
Investments			14		959,113		849,515
					47,289,708		48,358,421
Current assets
Stocks			15	12,379		24,533
Debtors			16	322,407		248,413
Cash at bank and in		hand		5,015,035		9,024,424
				5,349,821		9,297,370
Creditors: amounts year		falling due within one	17	(2,669,727)		(7,247,112)
Net current assets					2,680,094		2,050,258
Total assets less	current liabilities				49,969,802		50,408,679
Creditors: amounts than one year		falling due after more			(12,936,790)		(14,015,889)
Total net assets					37,033,012		36,392,790
Charity funds
Endowment funds			19		1,324,113		1,2'l4, 515
Restricted funds			19		163,218		110,535
Unrestricted funds
Designated funds			19	3,328,404		3,725,332
Revaluation reserve			19	12,941,804		12,941,804
General funds			19	19,275,473		18,400,604
Total unrestricted	funds		19		35,545,681		35,067,740
Total funds					37,033,012		36,392,790

					2021		2020
			Note		F
Fixed assets
Tangible assets Investment property Investments			12 13 14		45,961,285 365,000 959,114		47,137,441 365,000 849,516
					47,285,399		48,351,957
Current assets
Stocks			15	11,657		21,243
Debtors			16	322,407		256,985
Cash at bank and	in	hand		5,014,475		9,014,246
				5,348,539		9,292,474
Creditors: amounts year		falling due within one	17	(2,667,757)		(7,245,811)
Net current assets					2,680,782		2,046,663
Total assets less	current liabilities				49,966,181		50,398,620
Creditors: amounts than one year		falling due after more	18		(12,936,790)		(14,015,889)
Total net assets					37,029,391		36,382,731
Charity funds
Endowment funds			19		1,324,113		1,214,515
Restricted funds					163,218		110,535
Unrestricted funds
Designated funds				3,328,404		4,000,000
Revaluation reserve				12,941,804		12,941,804
General funds				19,271,852		18,115,877
Total unrestricted	funds				35,542,060		35,057,681
Total funds					37,029,391		36,382,731

					Note	2021f	2020 F
Cash flows from operating		activities
Net cash used in operating	activities				21	2,180,472	1,875,903
Cash flows from investing		activities
Dividends, interests and rents from investments						52,683	59,902
Purchase oftangible fixed assets						(261,672)	(3,432,186)
Proceeds from sale of investments						270,991	511,322
Purchase of investments						(270,991)	(511,322)
Net cash used in investing		activities				(208,9&9)	(3,372,284)
Cash flows from financing		activities
Repayments ofborrowing						(5,420,000)	(420,000)
Interest paid						(560,872)	(519,442)
New bank borrowings							5,000,000
Net cash (used in)/provided		by financing		activities		(5,980,872)	4,060,558
Change in cash and cash		equivalents	in	the year		(4,009,389)	2,564,177
Cash and cash equivalents		at the beginning		ofthe year		9,024,424	6,460,247
Cash and cash equivalents		at the end of		the year	22	6,016,035	9,024,424
The notes on pages 28to 60 form part ofthese financial statements

			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
			f	F	E
Hospital ofSt Mary the Virgin			137,270		137,270
The Royal Grammar	School Educational	Trust		828,468	&28,468
Other income for bursaries
Government grants			396,928		396,928
			534,198	828,468	1,362,666
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020	2020
				F	E
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 grants			861,595		861,595
			1,054,075	665,578	1,719,653

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
				f.
Provision	ofschool	services	17,903,997	17,903,997	16,986,875

School	fees
		2021	2020
		E
Gross fees		17,804,175	16,841,972
Less: Grants and allowance		(447,695)	(408,379)
Catering	income	547,517	553,282
		17993997	16986875

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
						F
Facilities	lettings income			14,463	14,463	70,845
Income	from non charitable	trading	activities

Total	Total
funds	funds
2021	2020
F
	38,770

			Restricted	Total
			funds	funds
			2021	2021
Property	rental income		30,157	30,157
Dividend	income		20,038	20,038
Prize fund dividend		income	2,488	2,488
			52,683	52,683

			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020	2020
				F
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	Total
		funds	funds
		2021	2021
Fundraising	costs	9,430	9,430
Marketing	costs	58,907	58,907
Costs of letting facilities		652	652
Professional fees		5,700	5,700
Subsidiary	trading costs	8,305	8,305
		82,994	82,994
		Unrestricted	Total
		funds	funds
		2020	2020
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	Restricted	Total
		funds	funds	funds
		2021	2021	2021
			E	E
Provision	ofschool services	17,139,391		17,139,391
Bursaries	provided	769,829	828,468	1,598,297
		17,909,220	828,468	18,737,688
		Unrestricted	Restricted	Total
		funds	funds	funds
		2020	2020	2020
Provision	of school services	17,091,042		17,091,042
Bursaries	provided	692,977	665,148	1,358,125
		17,784,0'i 9	665,148	18,449,167

		Activities	Grant
		undertaken	funding of	Support	Total
		directly	activities	costs	funds
		2021 E	2021f	2021	2021 f,
Provision	ofschool services	15,301,549	27,750	1,810,092	17,139,391
Bursaries	provided	1,021,562	396,928	179,807	1,598,297
		16,323,111	424,678	1,989,899	1&,737,688
		Activities	Grant
		undertaken	funding of	Support	Total
		directly	activities	costs	funds
		2020 P	2020	2020f	2020
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

				Total	Total
				funds	funds
				2021	2020
Depreciation				1,439,983	1,499,389
Teachers' salaries				9,028,213	9,143,520
Teaching resources Other educational costs				930,671 22&,404	579,381 184,269
Other teaching staff costs				170,859	239,650
Premises costs - salary				693,493	727,571
Premises costs - maintenance				560,256	472,337
Premises costs - occupancy				514,502	654,889
Premises costs -insurance				161,784	123,823
Catering costs -staff salaries				278,975	252,792
Catering costs -food				425,219	276,958
Catering costs -kitchen overheads				64,331	73,287
Academic support expenditure	-educational	support salaries		695,237	689,721
Academic support expenditure	-PE and sport			72,949	211,758
Academic support expenditure costs	-clubs, school magazines		and miscellaneous	29,607	30,357
Bursaries provided				1,021,562	896,699
Prizes and awards				7,066	10,656
				16,323,111	16,067,057

		Provision of
		school	Fundraising	Total
		services	costs	funds
		2021	2021	2021
			E
Administration	costs	1,105,602	179,807	1,285,409
Financial costs		533,190		533,190
Other central costs		156,076		156,076
Governance		15,224		15,224
		1,810,092	179,807	1,989,899

		Provision of
		school	Fundraising	Total
		services	costs	funds
		2020	2020	2020
				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

			2021	2020
Fees payable	to the company's auditor for the audit of the	charitable
company's	annual accounts		7,960	7,500
Fees payable	to the company's auditor and its associates	in respect of:
The auditing	ofaccounts ofassociates ofthe company		4,800	4,500
All assurance	services not included above		2,360	1,750
All non-audit	services not included above		2,000	'l,250

Pupils	and employees details
		2021	2020
		E
Staff costs
Wages	and salaries	8,940,580	8,926,335
Social security costs		910,703	938,551
Pension	contributions	1,710,875	1,708,497
		11,562,158	11,573,383

					2021	2020
					No.	No.
The number ofemployees		receiving	remuneration	ofmore than
R60,000 per annum	is as	follows:
660,001 - 670,000						11
f70,001 - f80,000						3
EB0,001 - 690,000						3
f90,001 - f100,000
f100,001 - 8110,000
E120,001 - 2130,000
f130,001 - f140,000
					16	19

	Head count	Headcount	FTE	FTE
	2021	2020	2021	2020
	No.	No.	No.	No.
Staff numbers
Senior school teachers	116	118	109	1'i1
Junior school teachers	21	22	19	20
Academic support	43	38	32	28
Property management	34	33	25	26
Clerical and administrative	26	24	23	21
Catering	20	20	14	14
	260	255	222	220

Pupil numbers at 31 July 2021
	2021	2020
	No.	No.
Senior School
Full fees	976	981
Receiving bursaries	76	71
	1,052	1,052
	2021	2020
	No.	No.
Junior School
Full fees	259	256
Receiving bursaries	6	6
	265	262

			Fixtures	Trading
	Land and	Motor	and	subsidiary
	buildings f	vehicles	fittings	equipment f	Total
Goat or valuation
At 1 August 2020	51,658,181	121,290	3,5&1,487	12,067	55,373,025
Additions	182,213		79,459		261,672
At 31 July 2021	51,840,394	121,290	3,660,946	12,067	55,634,697
Depreciation
At 1 August 2020	5,382,844	98,106	2,742,567	5,602	8,229,119
Charge for the year	951,216	13,697	472,915	2,155	1,439,983
At 31 July 2021	6,334,060	111,803	3,215,482	7,757	9,669,102
Net book value
At 31 July 2021	45,506,334	9,487	445,464	4,310	45,965,595
At 31 July 2020	46,275,337	23,184	838,920	6,465	47,143,906

	Land and	Motor	Fixtures and
	buildings f.	vehicles	fittings	Totalf
Cost or valuation
At 1 August 2020	51,658,181	121,290	3,581,487	55,360,958
Additions	182,213		79,459	261,672
At 31 July 2021	51,840,394	121,290	3,660,946	55,622,630
Depreciation
At 1 August 2020	5,382,844	98,106	2,742,567	8,223,517
Charge for the year	951,216	13,697	472,915	1,437,828
At 31 July 2021	6,334,060	111,803	3,215,482	9,661,345
Net book value
At 31 July 2021	45,506,334	9,487	445,464	45,961,285
At 31 July 2020	46,275,337	23,184	838,920	47,137,441

	Investments
	in
	subsidiary	Listed
	companies	investments	Total
Company			E
Cost or valuation
At 1 August 2020	1	849,615	849,516
Additions		270,991	270,991
Oisposals		(275,195)	(275,195)
Revaluations		113,802	113,802
At 31July 2021	1	959,113	959,114
Net book value
At 31July 2021	1	959,113	959,114
At 31 July 2020	1	849,515	849,516

		Group	Group	Company	Company
		2021 E	2020 E	2021f	2020 F
Teaching	and other stock	4,152	7,613	4,152	7,613
Kitchen		7,505	13,630	7,505	13,630
Goods for	resale	722	3,290
		12,379	24,533	11,657	21,243

Debtors
		Group 2021	Group 2020	Company 2021	Company 2020
				E
Trade debtors		58,475	80,831	58)475	80,831
Amounts owed by group undertakings Other debtors		21,389	6,278	21,389	9,695 5,155
Prepayments	and accrued income	242,543	161,304	242,543	161,304
		322,407	248,413	322,407	256,985

Creditors: amo	unts f	alling due within o	ne year
			Group 2021	Group 2020	Company 2021	Company 2020
					K	P
Bank loans			840,000	5,210,000	840,000	5,210,000
Trade creditors			296,973	146,142	296,973	146,142
School field trip creditors Pension creditor			74,705 9,016	107,600 224,739	74,705 9,016	107,600 224,739
Other taxation Other creditors	and social security		228,314 97,922	236,446 443,713	227,941 97,922	236,446 443,713
Accruals and deferred		income	925,428	711,446	923,831	710,145
Fees received	in advance		125,969	119,226	125,969	119,226
Deposits			71,400	47,800	71,400	47,800
			2,669,727	7,247,112	2,667,757	7,245,811

		Group	Group	Company	Company
		2021f	2020 E	2021	2020
Bank loans		12,627,000	13,677,000	12,627,000	13,677,000
Deposits		190,400	191,200	190,400	191,200
Fees received	in advance	119,390	147,689	119,390	147,689
		12,936,790	14,015,889	12,936,790	14,015,889
Included within	the above are amounts	falling due as follows:
		Group	Group	Company	Company
		2021	2020	2021	2020
		f.		E
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		9,267,000	10,317,000	9,267,000	10,317,000

					Group	Group	Company	Company
					2021	2020	2021	2020
Payable	or	repayable	by	instalments	9,267,000	10,317,000	9,267,000	10,317,000

Statement of	funds	- current	year
			Balance at 1			Gains/	Balance at
			August 2020 f.	Income E	Expenditure f.	(Losses) 31July 2021
Designated funds
Bursary Fund Revaluation reserve			3,725,332 12,941,804		(396,928)		3,328,404 12,941,804
General funds
School general fund			18,390,545	18,468,284	(17,586,977)		19271 852
RGS Trading			10,059	1,867	(8,305)		3,621
			18,400,604	18,470,151	(17,595,282)		19,275,473
Total unrestricted		funds	35,06?,740	18,470,151	("l7,992,210)		35,545,681
Endowment	funds
Prize Funds	Charity		106,845			563	107,408
J R Howarth	Bursary Fund		132,874			16,929	149,803
Peter Taylor	Bursary Fund		82,899			13254	96153
The Storrow	Scott	Trust	891,89?			78,852	970,749
			1,214,515			109598	1 324113
Restricted funds
J R Howarth	Bursary Fund		1,800	170			1,970
Peter Taylor Bursary Fund School Bursary Fund			15,428 89,620	71 834,781	(798,230)		15,499 126,171
Cricket Fund			432				432
The Storrow	Scott	Trust	3,255	43,641	(27,750)		19,146
Prize Fund				2,488	(2,488)
			110,535	881,151	(828,468)		163,218
Total offunds			36,392,790	19,351,302	(18,820,678)	109,598	37,033,012

Statement offunds	Statement offunds	(continued)
Statement offunds		- prior year
			Balance at
			1 August			Gains/	Balance at
			2019	income	Expenditure	(Losses)	31 July 2020
				E
Designated	funds
Bursary Fund			4,000,000		(274,668)		3,725,332
Revaluation	reserve		11,201,029			1,740,775	12,941,804
			15,201,029		(274,668)	1,740,775	16,667,136
General funds
School general 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	37,377	(37,567)		3,255
Prize Fund				3,560	(3,560)
			63,988	711,695	(665,148)		110,535

19.	Statement offunds (continued)
	Statement offunds -prior year	(continued)
		Balance at
		1 August 2019	Income	Expenditure	Gains/ (Losses)	Balance at 31 July 2020
			E	E
	Total offunds	34,426,221	18,915,654	(18,574,755)	1,625,670	36,392,790

Analysis ofnet assets between funds -	current year
	Llnrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2021	2021 f.	2021	2021f
Tangible fixed assets	45,965,595			45,965,595
Fixed asset investments			959,113	959,113
Investment property			365,000	365,000
Current assets	5,186,603	163,218		5,349,821
Creditors due within one year	(2,669,727)			(2,669,727)
Creditors due in more than one year	(12,936,790)			(12,936,790)
Total	35,545,681	163,218	1,324,113	37,033,012

Analysis	ofnet assets between funds -	prior year
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2020	2020	2020	2020
				E	E
Tangible fixed assets		47,143,906			47,143,906
Fixed asset investments				849,515	849,515
Investment	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

							Group	Group
							2021	2020
							E	E
	Net income for the year			(as per Statement		of Financial Activities)	640,222	225,794
	Adjustments	for:
	Depreciation	charges					1,439,983	1,499,389
	interest paid						560,872	519,442
	(Gains)/losses	on investments					(109,598)	115,105
	Dividends, interests		and rents from		investments		(52,683)	(59,902)
	Decrease/(increase)		in	stocks			12,154	(11,419)
	(increase)/decrease		in	debtors			(73,994)	92,591
	Decrease in creditors						(236,484)	(505,097)
	Net cash provided		by	operating	activities		2,180,472	1,875,903
22.	Analysis of	cash and		cash equivalents
							Group	Group
							2021	2020
	Cash in hand						5,015,035	9,024,424
23.	Analysis of	changes		in net debt

					Other non-
			At1 August		cash	At 31 July
			2020	Cash flows	changes	2021
					E	E
			E
Cash	at bank and in hand		9,024,424	(4,009,389)		5,015,035
Debt	due within	1 year	(5,210,000)	5,420I000	(1,050,000)	(840,000)
Debt	due after 1 year		(13,677,000)		1,050,000	(12,627,000)
			(9,862,576)	1,410,611		(8,451,965)

under non-	ca	ncellable operating leases as follo	ws:
			Group 2021 K	Group 2020 F	Company 2021f	Company 2020
Not later than		1 year	90,089	55,854	90,089	55,854
Later than	1	year and not later than 5years	108,285	96,323	108,285	96,323
Later than	5	years	260,944	275,595	2601944	275,595
			459,318	427,772	459,318	427,772

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)	Net	assets
				F	F	ISurplus/
						(Deficit) for
						the yearf
RGS Trading	Limited			1,867	(8,305)	(6,438)		3,623