2022-07-31-accounts

							Page
Reference and administrative		details					1-2
Governors'	report						3-21
Independent	auditor's report	to the members			ofThe Newcastle	upon Tyne Royal Grammar	22 - 25
School
Consolidated	statement offinancial		activities
Consolidated	income and expenditure			account			27
Consolidated	balance sheet						28-29
Company balance sheet							30-31
Consolidated	statement ofcash flows						32
Notes to the	financial statements						33-63

Governors			J Drummond, Co-opted Governor (Chair from 2 December 2017, resigned as Chair	J Drummond, Co-opted Governor (Chair from 2 December 2017, resigned as Chair
			on 3August 2021) (resigned 31 December	2021)
			TE BHartley, Co-opted Governor (Vice Chair from 9 March 2017)(resigned 8 April
			2022)
			JS Berry, Co-opted Governor
			R H Fell, Co-opted Governor
			A C Fletcher, Co-opted Governor (Chair from 3August 2021)
			SA Green, Co-opted Governor
			A Gupta, Co-opted Governor
			M Hannifa, Co-opted Governor
			A H Lamb, Co-opted Governor
			N J McMinn, Co-opted Governor
			S Milligan, Co-opted Governor
			A P Murphy, Co-opted Governor
			M D Robinson, Co-opted Governor
			C Stonehouse, Co-opted Governor
			T N Theme, Nominated by Northumberland	County Council
			SWoodroofe, Co-opted Governor
Company	registered
number			05664801
Charity registered
number			1114424
Registered		office	Eskdale Terrace
			Newcastle upon Tyne
			NE2 4DX
Company	secretary		C FBlack
Headmaster			G Stanford
Independent		auditor	UNW LLP
			Chartered Accountants
			Citygate
			St James' Boulevard
			Newcastle upon Tyne
			NE1 4JE

Mrs Sally Green (Chair, appointed 26 S Mr Alan FletcherMrs Joanna Berry Mrs Aarti Gupta Mrs Muzlifah Haniffa Mrs Sue Woodroofe	Mrs Sally Green (Chair, appointed 26 S Mr Alan FletcherMrs Joanna Berry Mrs Aarti Gupta Mrs Muzlifah Haniffa Mrs Sue Woodroofe	eptember 2021)	eptember 2021)
The day to day running of the school alongside seven other members ofthe		is vested in the Headmaster and Senior Leadership Team:		Director of Finance		and Operations
The Headmaster			Mr Geoffrey Stanford
The Director of Finance and	Operations:		Mrs Rachel Amey
The Deputy Head: The Head ofJunior School: The Deputy Head Academic: The Deputy Head Academic: The Deputy Head Pastoral The Deputy Head of Co-curricular: The Head of Sixth Form:			Mr Tom Keenan Mr James Miller Mr Roger Loxley (stepped Mr Chris Quayle (appointed Miss Sarah Longville Mr Andrew McBrtide Mrs Naomi McGough		down 31August 2022) 1 September 2022)
The Director of Development	and Communications		Mrs Susan Beck
The Director of Partnerships			Mr John Smith

UK Greenhouse ga	s emissions and energy use d	ata forthe peri	od 1 August 2021
Energy Consumption	used to calculate emissions	(kWh)	5,836,342
Scope 1 emissions	in metric tonnes CO2e
Gas consumption			756.3
Transport fuel			17.4
Total Scope 1			773.7
Scope 2 emissions	in metric tonnes CO2e
Purchased electricity			327.4
Scope 3emissions	in metric tonnes CO2e
Business travel in employee owned vehicles			2.1
Total gross emissions in metric tonnes CO2e			1,103.3
Intensity ratio tonnes CO2e per pupil			0.82
Quantification and	reporting methodology

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Note	2022	2022 E	2022 6	2022 f	2021 F
Income from:
Donations and	legacies		170,448	914,909			1,362,666
Charitable activities			19,213,643				17,903,997
Other trading activities			1'I3,621				14,463
Investments			34,325	66,622			52,683
Other income			42,253				17,493
Total income			19,574,290	981,531		20,555,821	19,351,302
Expenditure on:
Raising funds			166,142			166,142	82,990
Charitable activities		8	18,799,406	958,406		19,757,812	18,737,688
Total expenditure			18,965,548	958,406		19,923,954	18,820,678
Net gains on
investments					4,862	4,862	109,598
Net income I
(expenditure)			608,742	23,125	4,862	636,729	640,222
Net movement	in
funds			608,742	23,125	4,862	636,729	640,222
Reconciliation	of
funds:
Total funds brought
forward			35,545,681	163,218	1,324,113	37,033,012	36,392,790
Net movement	in funds		608,742	23,125	4,862	636,729	640,222
Total funds carried
forward			36,154,423	186,343	1,328,975	37,669,741	37,033,012

			Total funds	Total funds
			2022 f	2021 F
Gross income	in the reporting	period	20,555,821	19,35'l, 302
Less: Total expenditure			(19,923,954)	(18,820,678)
Net income for	the reporting	period	631,867	530,624

			Note		2022 6		2021f
Fixed assets
Tangible assets			12		45,266,729		45,965,595
Investments			13		963,975		959,113
Investment property			14		365,000		365,000
					46,595,704		47,289,708
Current assets
Stocks			15	16,298		12,379
Debtors			16	338,557		322,407
Cash at bank and		in hand		6,678,030		5,015,035
				7,032,885		5,349,821
Creditors: amounts		falling due within one
year			17	(3,928,258)		(2,669,727)
Net current assets					3,104,627		2,680,094
Total assets less		current liabilities			49,700,33'I		49,969,802
Creditors: amounts		falling due after more
than one year			18		(12,030,590)		(12,936,790)
Total net assets					37,669,741		37,033,012
Charity funds
Endowment funds			19		1,328,975		1,324,113
Restricted funds			19		'I86,343		163,218
Unrestricted funds:
-Designated funds			19	2,878,404		3,328,404
- Revaluation reserve			19	12,941,804		12,941,804
-General funds			19	20,334,215		19,275,473
Total unrestricted	funds		19		36,154,423		35,545,681
Total funds					37,669,741		37,033,012

					2022		2021
			Note		8		F
Fixed assets
Tangible assets			12		45,264,574		45,961,285
Investments			13		963,976		959,114
Investment property			14		365,000		365,000
					46,593,550		47,285,399
Current assets
Stocks			15	11,093		11,657
Debtors			16	347,231		322,407
Cash at bank and		in hand		6,670,138		5,014,475
				7,028,462		5,348,539
Creditors: amounts		falling due within one
year			17	(3,925,834)		(2,667,757)
Net current assets					3,102,628		2,680,782
Total assets less		current liabilities			49,696,178		49,966,181
Creditors: amounts		falling due after more
than one year			18		(12,030,590)		(12,936,790)
Total net assets					37,665,588		37,029,391
Charity funds
Endowment funds			19		1,328,975		1,324,113
Restricted funds			19		186,343		163,218
Unrestricted funds:
-Designated funds			19	2,878,404		3,328,404
- Revaluation reserve			19	12,941,804		12,941,804
-General funds			19	20,330,062		19,271,852
Total unrestricted	funds				36,150,270		35,542,060
Total funds					37,665,588		37,029,391

					2022	2021
				Note
Cash flows from operating activities
Net cash generated from operating activities				21	3,423,756	2,180,472
Cash flows from investing	activities
Dividends, interests and rents from investments					100,947	52,683
Purchase oftangible fixed assets					(558,163)	(261,672)
Proceeds from sale ofinvestments						270,991
Purchase of investments						(270,991)
Net cash used in investing	activities				(457,216)	(208,989)
Cash flows from financing	activities
Repayments of borrowing					(840,000)	(5,420,000)
Interest paid					(463,545)	(560,872)
Net cash used in financing	activities				(1,303,545)	(5,980,872)
Change in cash and cash	equivalents	in the year			1,662,995	(4,009,389)
Cash and cash equivalents	at the beginning		ofthe year		5,015,035	9,024,424
Cash and cash equivalents	at the end	ofthe year		22	6,678,030	5,015,035
The notes on pages 33to 63form part ofthese financial statements

			Unrestiicted	Restricted	Total
			funds	funds	funds
			2022	2022	2022
			6	5
Hospital ofSt Mary	the Virgin		170,448		170,448
The Royal Grammar	School Educational	Trust		904,035	904,035
Other income for bursaries				10,874	10,874
			170,448	914,909	1,085,357
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021f	2021	2021f
Hospital ofSt Mary	the Virgin		137,270		137,270
The Royal Grammar	School Educational	Trust		828,468	828,468
Government grants			396,928		396,928
			534,198	828,468	1,362,666

Unrestricted	Total	Total
funds	funds	funds
2022f	2022 f.	2021 F
19,213,643	19,213,643	17,903,997

School	fees
		2022	2021
		f	f
Gross fees		18,910,076	17,804,175
Less: Grants and allowance		(451,124)	(447,695)
		754,691	547,517
Catering	income
		19213943	17 993997

				Unrestricted	Total	Total
				funds	funds	funds
				2022f	2022f	2021
Facilities	lettings income			70,915	70,915	14,463
Income	from non charitable	trading	activities

Unrestricted	Total	Total
funds	funds	funds
2022f	2022f	2021f
42,706	42,706

			Unrestricted	Restricted	Total
			funds	funds	funds
			2022 9	2022 6	2022f
Property	rental income			33,891	33,891
Dividend	income			29,317	29,317
Prize fund dividend		income		3,414	3,414
Bank interest			34,325		34,325
			34,325	66,622	100,947

				Restricted	Total
				funds	funds
				2021	2021
				6
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	Total
			funds	funds
			2022	2022f
Fundraising		costs	21,552	21,552
Marketing	costs		89,789	89,789
Costs of letting facilities			1,658	1,658
Professional		fees	6,402	6,402
Subsidiary	trading costs		46,741	46,741
			168,142	166,142
			Unrestricted	Total
			funds	funds
			2021	2021
				F
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	Restricted	Total
		funds	funds	funds
		2022	2022	2022
		6		6
Provision	ofschool services	18,034,700		18,034,700
Bursaries	provided	764,706	958,406	1,723,112
		18,799,406	958,406	19,757,812
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021f	2021 6	2021f
Provision	ofschool services	17,111,641		17,111,641
Bursaries	provided	769,829	856,218	1,626,047
		17,881,470	856,218	18,737,688

		Activities	Grant
		undertaken	funding of	Support	Total
		directly	activities	costs	funds
		2022 6	2022 6	2022f	2022 5
Provision	ofschool services	16,110,062		1,924,638	18,034,700
Bursaries	provided	1,084,547	450,000	188,565	1,723,112
		17,194,609	450,000	2,113,203	19,757,812

		Activities	Grant
		undertaken	funding of	Support	Total
		directly	activities	costs	funds
		2021	2021	2021	2021
			5		F
Provision	of school services	15,301,549		1,810,092	17,111,641
Bursaries	provided	1,049,312	396,928	179,807	1,626,047
		16,350,861	396,928	1,989,899	18,737,688

				Total	Total
				funds	funds
				2022	2021
				8
Depreciation				1,257,029	1,439,983
Teachers' salaries				9,440,181	9,028,213
Teaching resources				878,497	930,671
Other educational costs				215,473	228,404
Other teaching staff costs				170,404	170,859
Premises costs - salary				687,949	693,493
Premises costs - maintenance				877,407	560,256
Premises costs - occupancy				594,001	514,502
Premises costs - insurance				166,642	161,784
Catering costs - staff salaries				290,397	278,975
Catering costs - food				445,226	425,219
Catering costs - kitchen overheads				66,289	64,331
Academic support expenditure	-educational	support salaries		733,483	695,237
Academic support expenditure	-PE and sport			256,481	72,949
Academic support expenditure	-clubs, school magazines		and miscellaneous
costs				21,565	29,607
Bursaries provided				1,084,547	1,049,312
Prizes and awards				9,038	7,066
				17,194,609	16,350,861

		Provision of
		school	Bursaries	Total
		services	provided	funds
		2022f	2022 6	2022f
Administration	costs	1,232,721	188,565	1,421,286
Financial costs		545,507		545,507
Other central costs		129,713		129,713
Governance		16,697		16,697
		1,924,638	188,565	2,113,203

		Provision of
		school	Bursaries	Total
		services	provided	funds
		2021f	2021	2021
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

Auditor's remuneration
				2022	2021
					6
Fees payable to the group's annualaccounts	auditor	for the audit of the charitable	company's	8,600	7,960
Fees payable to the group's	auditor	in respect of:
-The auditing ofaccounts of associates ofthe group				5,190	4,800
-All assurance services not included above				840	2,360
-All non-audit services not	included	above			2,000

		2022	2021
		6
Staff costs
Wages and salaries Social security costs		9,408,516 1,000,253	8,940,580 910,703
Pension	contributions	1,798,830	1,710,875
		12,207,599	11,562,158

					2022	2021
					No.	No.
The number ofemployees		receiving	remuneration	of more than
560,000 per annum	is as	follows:
560,001 - 570,000					18
F70,001 - 580,000					4
F80,001 - F90,000					1
F90,001 - F100,000					1
5100,001 - 5110,000
5120,001 - F130,000
F130,001 - f140,000
5140,001 tof150,000
					26	16

	Headcount	Headcount	FTE	FTE
	2022	2021	2022	2021
	No.	No.	No.	No.
Staff numbers
Senior school teachers	120	116	111	109
Junior school teachers	20	21	19	19
Academic support	42	43	29	32
Property management	32	34	25	25
Clerical and administrative	29	26	24	23
Catering	21	20	16	14
	264	260	224	222

Pupil num	bers at 31July
		2022	2021
		No.	No.
Senior school
Full fees		997	976
Receiving	bursaries	75	76
		1,072	1,052
		2022	2021
		No.	No.
Junior school
Full fees		270	259
Receiving	bursaries	7	6
		277	265

				Trading
	Land and	Motor	Fixtures and	subsidiary
	buildings 6	vehicles	fittings 5	equipment F	Total
Cost or valuation
At 1 August 2021	51,840,394	121,290	3,660,946	12,067	55,634,697
Additions		74,336	483,827		558,163
Disposals			(258,752)		(258,752)
At 31 July 2022	51,840,394	195,626	3,886,021	12,067	55,934,108
Depreciation
At 1 August 2021	6,334,060	111,803	3,215,482	7,757	9,669,102
Charge for the year	955,219	7,212	292,443	2,155	1,257,029
On disposals			(258,752)		(258,752)
At 31 July 2022	7,289,279	119,015	3,249,173	9,912	10,667,379
Net book value
At31 July2022	44,551,115	76,611	636,848	2,155	45,266,729
At 31 July 2021	45,506,334	9,487	445,464	4,310	45,965,595

	Land and	Motor	Fixtures and
	buildings F.	vehicles 6	fittings F	Totalf
Cost orvaluation
At 1 August 2021	51,840,394	121,290	3,660,946	55,622,630
Additions		74,336	483,827	558,163
Disposals			(258,752)	(258,752)
At 31 July 2022	51,840,394	195,626	3,886,021	55,922,041
Depreciation
At 1 August 2021	6,334,060	111,803	3,215,482	9,661,345
Charge for the year	955,219	7,212	292,443	1,254,874
On disposals			(258,752)	(258,752)
At 31 July 2022	7,289,279	119,015	3,249,173	10,657,467
Net book value
At 31 July 2022	44,551,115	76,611	636,848	45,264,574
At 31 July 2021	45,506,334	9,487	445,464	45,961,285

			Listed
Group			investmentsf
Cost or valuation
At 1 August 2021			959,113
Revaluations			4,862
At 31 July 2022			963,975
Net book value
At 31 July 2022			963,975
At 31 July 2021			959,113
	Investments
	in subsidiary	Listed
Company	companies	investmentsf	Total 6
Cost or valuation
At 1 August 2021	1	959,113	959,114
Revaluations		4,862	4,862
At 31 July 2022	1	963,975	963,976
Net book value
At 31 July 2022	1	963,975	963,976
At 31 July 2021	1	959,113	959,114

Stocks
		Group	Group	Company	Company
		2022	2021	2022	2021
		E	E	E	E
Teaching	and other stock	3,683	4,152	3,683	4,152
Kitchen		7,410	7,505	7,410	7,505
Goods for	resale	5,205	722
		16,298	12,379	11,093	11,657

			Group	Group	Company	Company
			2022	2021	2022	2021
			E	E	E	E
Trade debtors			81,008	58,475	81,008	58,475
Amounts owed by group		undertakings			11,862
Other debtors			9,042	21,389	5,854	21,389
Prepayments	and accrued income		248,507	242,543	248,507	242,543
			338,557	322,407	347,231	322,407

			Group	Group	Company	Company
			2022	2021	2022	2021
			E	E	E	E
Bank loans			840,000	840,000	840,000	840,000
Trade creditors			272,378	296,973	271,683	296,973
School field trip creditors			86,501	74,705	86,501	74,705
Pension creditor			203,022	9,016	203,022	9,016
Other taxation	and social security		260,155	228,314	260,155	227,941
Other creditors			583,029	97,922	583,029	97,922
Accruals and deferred		income	1,506,844	925,428	1,505,115	923,831
Fees received	in advance		107,129	125,969	107,129	125,969
Deposits			69,200	71,400	69,200	71,400
			3,928,258	2,669,727	3,925,834	2,667,757

The mov	ement in	deferred	incom	e in the year is	as follows:
					Group	Group	Company	Company
					2022	2021	2022	2021
					E		E	E
Deferred	income at the beginning			ofthe year	197,369	167,026	197,369	167,026
Resources deferred		during	the year		176,329	197,369	176,329	197,369
Amounts	released	from previous		periods	(197,369)	(167,026)	(197,369)	(167,026)
					176,329	197,369	176,329	197,369

							Group	Group	Company	Company
							2022	2021 6	2022f	2021
Bank loans							11,787,000	12,627,000	11,787,000	12,627,000
Deposits							197,600	190,400	197,600	190,400
Fees received	in	advance					45,990	119,390	45,990	119,390
							12,030,590	12,936,790	12,030,590	12,936,790
Included within	the above are amounts				falling	due as follows:
							Group 2022 6	Group 2021 f	Company 2022 f	Company 2021 F
Between one	and two years
Bank loans							840,000	640,000	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							8,427,000	9,267,000	8,427,000	9,267,000
The aggregate		amount of liabilities		payable		or	repayable wholly	or in part more than five		years after the
reporting date	is;
							Group 2022 F	Group 2021 6	Company 2022 f	Company 2021
Payable or repayable			by instalments				8,427,000	9,267,000	8,427,000	9,267,000

Statement	offunds	- current	year
			Balance at 1			Gains/	Balance at
			August2021 5	Income 5	Expenditure f	(Losses)	31July 2022 5
Designated	funds
Bursary Fund			3,328,404		(450,000)		2,878,404
Revaluation	reserve		12,941,804				12,941,804
General funds
School general fund			19,271,852	19,527,017	(18,468,807)		20,330,062
RGS Trading			3,621	47,273	(46,741)		4,153
			19,275,473	19,574,290	(18,515,548)		20,334,215
Total unrestricted		funds	35,545,681	19,574,290	(18,965,548)		36,154,423
Endowment	funds
Prize Funds	Charity		107,408			15,550	122,958
J R Howarth	Bursary Fund		149,803			(1,880)	147,923
Peter Taylor	Bursary	Fund	96,153			(1,207)	94,946
The Storrow	Scott Trust		970,749			(7,601)	963,148
			1,324,113			4,862	1,328,975
Restricted funds
J R Howarth	Bursary	Fund	1,970				1,970
Peter Taylor	Bursary	Fund	15,499				15,499
School Bursary Fund			126,171	923,375	(925,994)		123,552
Cricket Fund			432				432
The Storrow	Scott Trust		19,146	54,742	(28,998)		44,890
Prize Fund				3,414	(3,414)
			163,218	981,531	(958,406)		186,343
Total offunds			37,033,012	20,555,821	(19,923,954)	4,862	37,669,741

Statement o	ffunds	- prior y	ear
			Balance at			Gains/	Balance at
			1 August 2020	Income	Expenditure	(Losses)	31 July 2021
			6	F	F		F
Designated	funds
Bursary Fund			3,725,332		(396,928)		3,328,404
Revaluation reserve			12,941,804				12,941,804
General funds
School general fund			18,390,545	18,468,284	(17,586,977)		19,271,852
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	35,067,740	18,470,151	(17,992,210)		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			13,254	96,153
The Storrow	Scott Trust		891,897			78,852	970,749
			1,214,515			109,598	1,324,113
Restricted funds
J R Howarth	Bursary Fund		1,800	170			1,970
Peter Taylor	Bursary Fund		15,428	71			15,499
School Bursary Fund			89,620	834,781	(798,230)		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

Analysis of n	et assets between funds - c	urrent year
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2022f	2022 f	2022 6	2022f
Tangible fixed	assets	45,266,729			45,266,729
Fixed asset investments				963,975	963,975
Investment property				365,000	366,000
Current assets		6,846,542	186,343		7,032,885
Creditors due	within one year	(3,928,258)			(3,928,258)
Creditors due	in more than one year	(12,030,590)			(12,030,590)
Total		36,154,423	186,343	1,328,975	37,669,741
Analysis of net assets between funds -prior year
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2021	2021	2021	2021
		6	6	F	6
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

21.	Reconciliatio	n of ne	t	movement	in fund	s to net cash flow from ope	rating activities
							Group	Group
							2022 E	2021f
	Net income for the year			(as per statement		offinancial activities)	636,729	640,222
	Adjustments	for:
	Depreciation	charges					1,257,029	1,439,983
	Interest paid						463,545	560,872
	(Gains)/losses	on investments					(4,862)	(109,598)
	Dividends, interests		and rents from		investments		(100,947)	(52,683)
	(Increase)/decrease		in	stocks			(3,919)	12,154
	Decrease/(increase)		in	debtors			10,852	(73,994)
	Increase/(decrease)		in	creditors			1,165,329	(236,484)
	Net cash provided		by	operating	activities		3,423,756	2,180,472
22.	Analysis of	cash and		cash equivalents
							Group	Group
							2022 8	2021 f
	Cash in hand						6,678,030	5,015,035
23.	Analysis of	changes		in net debt

					Other non-
			At 1 August 2021	Cash flows	cash changes	At 31July 2022
			6	6		F
Cash	at bank and in hand		5,015,035	1,662,995		6,678,030
Debt	due within	1 year	(840,000)	840,000	(840,000)	(840,000)
Debt	due aRer1	year	(12,627,000)		840,000	(11,787,000)
			(8,451,965)	2,502,995		(5,948,970)