##
##
||||||||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|
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|||||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||||||||
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||||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|