2020-07-31-accounts - DHS Educational Foundation

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						Page
Reference	and administrative		details			1-2
Trustees' report						3 —11
Statement	ofTrustees'	responsibilities
Independent	auditors'	report	on the financial	statements		13-15
Statement	offinancial	activities incorporating		income and expenditure	account	16
Balance sheet						17-18
Statement	ofcash flows
Notes to the financial		statements				20-40

Trustees			Mrs M Cummings, Chair (resigned 24 October	Mrs M Cummings, Chair (resigned 24 October	Mrs M Cummings, Chair (resigned 24 October	Mrs M Cummings, Chair (resigned 24 October	Mrs M Cummings, Chair (resigned 24 October	2019)	2019)
			Miss L Clark, Chair (from	21 November		2019);		Vice Chair (to			21 November		2019)
			Rev'd J Logan, Vice Chair	{from 21 November				2019)2
			Mrs K Barker3
			Miss A Beattie (appointed	21 November		2019)
			Mrs E Berry (resigned 25	June 2020)
			Mr S Cheffingsl
			Dr C English {deceased 8 April 2020)
			Canon M Everitt (appointed 21 November				2019)
			Dr M Gilmore4
			Mrs K Harrison (appointed	25 August 2020)
			Dr M Hyder
			Mr A Lake (resigned 19 November 2020)1
			Mr I Meston
			Mr R Metcalfel
			Mrs H McMillan
			Mr A Ribchester MBE (resigned 23January 2020)i
			Mrs P Walker
			' Member of the Finance ' Nominated Trustee by ' Nominated Trustee by	and General the Bishop of the Bishop of	Purposes Durham Jarrow				Committee
			~ Nominated Trustee by	the Council of		Durham			University
Company number	registered		06257502
Company	name		Durham High School for	Girls
Principal	and	registered	Farewell Hall
office			South Road
			Durham
			DH1 3TB
Company	secretary		Mrs C Meade
Chief executive oNcer			Mrs S Niblock
Senior management team			Mrs S Niblock, Headmistress
			Mrs C Meade, Bursar
			Mrs J Tomlinson, Senior	Deputy Head
			Mrs K Anderson, Head of Junior House
			Mrs L lbbott, Assistant Head; Deputy Head {Pastoral) from							1	November	2019
			Mrs K Morrey, Assistant	Head (Pastoral)			to 31 October 2019
Independent		auditors	Clive Owen LLP Chartered Accountants and Statutory		Auditors
			140 Coniscliffe Road
			Darlington
			Co Durham
			DL3 1RT

Income from:	Note	Unrestncted funds 2020	Restricted funds 2020 E	Total funds 2020	Total funds 2019
Donations and capital grants
Charitable activities					4,803
Other trading activities		4,654,277	68,462	4,722,739	4,893,171
investments		12,941		12,941	152,218
Other income		53,495	2,700	56,1S5	68,548
		4,403		4,403	4,350
Total income
Expenditure on:		4 725 116	71 162	4 796278	5 123090
Raising funds
Charitable activities					291,636
		4,721.676	74,677	4,796,353	4,715,515
Total expenditure Net (losses)/gains on investments		4 750?61 (42,094)	74677	4 796353 (42,0S4)	5007 151 199,954
Net (expenditure)/income Transfers between funds	22	(38,654) 7904	(3,515) 7904	(42,169)	315,8S3
Net movement in funds
Reconciliation offunds:
Total funds brought forward Net movement in funds		9,367,517	279,538	9,647,055	9,331,162
Total funds carried forward		{46,558)	4,389	(42,'l69)	315,893
		9M&K95& ~3~7 ~&J$5

			BALANCE SHEET	BALANCE SHEET
			AS AT 31	JULY 2020
					2020		2019
			Note
Fixed assets
Intangible assets			15		18,862		30,765
Tangible assets					7,631,808		7,535,82&
investments			17		1,343,137		2,180,S32
					8,993,807		9,747,525
Current assets
Stocks			18			37,157
Debtors			19	459,608		444,323
Cash at bank and in	hand			1,262,639		714,409
				1,?22,247		1,195,889
Creditors: amounts	faIling due within one
year			20	(621,633)		(781,931)
Net current assets					1,100,614		413,958
Total assets less current		liabilities			10,094,421		10,161,483
Creditors: amounts	falling due after more
than one year					(489,535)		(514,428)
Total assets					9,604,8&6		9,647,055
Funds of the Charity
Restricted funds			22		283,927		279,538
Unrestricted income	funds
General funds			22	8,571,011		8,575,475
Revaluation reserve				749,948		792,042
Total unrestricted	income funds		22		9,320,959		9,367,517
Total funds

		STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
	FOR		THE YEAR ENDED 31JULY 2020
						2020	2019
					Note
Cash flows from operating	activities
Net cash (Used in)/provided	by operating		activities		24	(54,554)	160,227
Cash flows from investing	activities				26	656,018	(48,477)
Cash flows from financing	activities					(53,234)	(150,589)
Change in cash and cash	equivalents		in	the year		548,230	(38,839)
Cash and cash equivalents	at the beginning			ofthe year		714,409	753,248
Gash and cash equivalents	at the end		of	the year	27, 28	1,262,639	714,409
The notes on pages 20 to 40 form part		of	these financial statements

									Unrestricted	Restricted	Total	Totai
									funds	funds	funds	funds
									2020	2020	2020	2019
									f	f		f
	Donations											4,803
	Total 2019								100	4,703	4,803
4.	Income	from charitable			activities
									Unrestricted	Restricted	Total	Total
									funds	funds	funds	funds
									2020	2020	2020	2019
									E		E
	Income	from	charitable		activities		- Charity's
	educational		operations						4,654,277	68,462	4,722,739	4,893,171
	Total 2019								4,746,691	146,480	4,893,171
5,	Funding	for the		Charity's		charity's		educational	operations
									Unrestricted	Restricted	Total	Total
									funds	funds	funds	funds
									2020	2020	2020	2019
										E
	Tuition Fees								4,911,197		4,911,197	4,836,373
	Grants,	Awards		and Prizes					(626,527)		(626,527)	(458,470)
	Lunches								1?1,775		171,775	248,144
	Music and elocution recharges								68,130	3,496	71,626	120,644
	Coronavirus		Job	Retention		Scheme		grants	129,702		129,702
	Travel fund recharges									64,966	64,966	146,480
									4,654,277	68,462	4,722,739	4,893,1?1
	Total 2019								4,746,691	146,480	4,893,171

	Unrestricted	Total	Total
	funds	funds	funds
	2020	2020 E	2019f
Income from facilities and services	12,941	12,941	152,218
Total 2019	152,218	152,218

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020	2020	2020	2019
					E
Dividend	income	51,325	2,700	54,025	64,376
interest	receivable	2,170		2,170	4,172
		53,495	2,700	56,195	68,548
Total 2019		65,125	3,423

		Unrestricted	Total	Totai
		funds	funds	funds
		2020	2020	2019
				E
Registration	fees	4,403	4,403	4,350
Total 2019		4,350	4,350

							Staff Costs	Other	Total	Total
							2020	2020	2020	2019
							E		E	f
	Expenditure		on fundraising		trading	activities:
	Direct costs									291,636
	Charity's	educational		operations:
	Direct costs						3,213,565	884,033	4,097,598	4, 'I 80,861
	Allocated	support costs					371,838	326,917	698,755	534,654
							3,585,403	1,210,950	4,796,353	5,007,151
	Total 2019						3,541,717	1,465,434	5,007,151
10.	Analysis	of	expenditure		by activities
							Activities
							undertaken	Support	Total	Total
							directly	costs	funds	funds
							2020	2020	2020	2019
									F	f'
	Charily's	educational		operations			4,097,598	698,755	4,796,353	4,715,515
	Total 2019						4,180,861	534,654	4,715,515

					Charity's
					educational operations 2020	Total funds 2020	Total funds 2019
Staff costs
Depreciation					3,154,512	3,154,5'i 2	3,212,690
Other costs					116,100	116,100	108,626
					826,986	826,986	859,545
					4.097,898	4,09?,598	4,180,861
Total 2019
					4,180,881	4,180,861
Analysis	of	support		costs
					Charity's
					educational	Total	Total
					operations 2020	funds 2020	funds 2019
Staff costs
Finance costs					430,891	430,891	323,?36
Other administrative costs					11,807	11,80?	2,434
Professenal		fees			212,274	212,274	182,087
					43,783	43,?83	26,397
						698,755	534,654
Total 2019
					534,654	534,654
Net expenditure
Nel expenditure			for the	year includes.
						2020	2019
						E
Depreciation	of		tangible	fixed assets
Amortisation	of		intangible	assets		104,197	103,683
						11.903	4,943

Staff costs during the year were as follows
	2020	2019
	E	E
Wages and salaries	2,806,450	2,870.324
Social security costs	275,456	272,269
Pension costs	503,497	399,124
	3,585,403	3,541,717

	2020	2019
	No	No.
Teachers	60	60
Administration	12	11
Technicians		13
Cleaning		11
Maintenance
Music Pens	10	11
Teaching Support	11	5
	112	115

2020	2019
No.	No

		NOTES TO THE FINANCIAL STATEMENTS
		FOR THE YEAR ENDED 31 JULY 2020
15.	Intangible assets
			Software
			Licences
			E
	Cost
	At 1 August 2019		35,708
	At 31 July 2020		35,708
	Amortisation
	At 1 August 2019		4,943
	Charge for the year		11,903
	At 31 July 2020		16,846
	Net book value
	At 31 July 2020		18,862
	At 31 July 2019

	Freehold
Cost or valuation	Land and Property	Domestic equipment E	Office Equipment E	Academic equipment E	Assets under construction E	Total f.
Al 1 August 2019 Additions Transfers betvveen	7,427,181 177,625	191,350 9,762	47,854 12,790	1,143,735	53,995	8,864,115 200,177
classes	53,995
					(53,995)
At 31 July 2020	7,658,801	201,112	60,644	1,143T35	. -	9,064,292
Depreciation
Al 1 August 2019 Charge for the year	196,360 41,245	127,063 17,070	44,091 1,794	960,773 44,088		1,328,287 104,197
Al 31 July 2020	237,605	144,133	45,885	1,004,861		1,432,484
Net book value
At 31 July 2020	7,421,196	56,979	14,759	'l38,874		?,631,808
At 31 July 2019	7,230,821	64,287	3,763	182,962	53,995	7,535,828

	Listed
	investments
	E'
Cost or valuation
At 1 August 2019
Disposals	2,180,932
Revaluations	(800,000)
	(37,795)
At 31 July 2020
	1,343,137
Net book value
At 31 July 2020
	1,343,137
At 31 July 2019

17.	Fixed asset	investme	nt	s (continu	s (continu	ed)	ed)
	Investments	comprise		investment		Fund		Income		Shares.	The fair value	of the investments		has been
	arrived at on	the basis		of a valuation			carried		out	at 31	July 2020 by CCLA Investment		Management
	Limited, who	are not connected			with the			charity.
18.	Stocks
												2020		2019
												f		f
	Uniforms and	consumables												37,157
19.	Debtors
												2020 f		2019f
	Due within one year
	Trade debtors											399,324		285,573
	Other debtors													92,542
	Prepayments	and accrued income										60,284		66,208
												459,608		444,323
20.	Creditors: Amounts		falling due within					one year
												2020		2019
														f
	Bank overdrafts											13,737
	Bank loans											53,234		53,666
	Trade creditors											7,578		195,491
	Other taxation	and social security										68,420		68,095
	Other creditors											175,373		422,183
	Accruals and	deferred	~ncorne									303,291		42,496
												621,633		781,931

						2020	2019
Bank loans						E
Other creditors						35?,372	410,174
						132,163	104,254
						489,535	514,428
included	within	the	above are amounts		falling due as follows
						2020	2019
Between	one and		two years			E'	E
Bank loans
						53,234	53,234
Between	two and		five years
Bank loans
						159,702	159,702
Over five	years
Bank loans
						144,436	197,238
The bank	borrowings		are secured	by means of a charge against the property.

Designated	Balance at 1 August 2019 E	Income E	Expenditure E	Transfers in/out E	Gains/ (Losses) E	Balance at 31 July 2020
funds
Governors'
discretionary
fund Extra-ordinary	100,669					100,669
repair fund General fund Revaluation	198,830 6,223,299	4,725,116	(4,72'I,676)	{7,904)		198,830 6,218,835
reserve-
property Revaluation	2,052,677					2,052,677
reserve-
investments	792,042				(42,094)	749,948
	9.367.517	4,725.116	)4 721,676)	. (7,994)	142.994)	9.329,959
Restricted
general funds
Scholarship
funds Prize fund Travel account Charities	121,220 8,333 42,223	2,700 64,966	(71,181)	4,425		128,345 8,333 36,008
account	929	3,496	(3,496)			929
Appeal	4,397			(4,397)
Bursary fund Parents and	90,436					90,436
friends
association Partnerships-	12,000			('I2,000)
Science Sparks				14,107		14,107
Old Girls
Association				3,189
Duke of
Edinburgh
Award				2,580		2,580
	279,538	71,162	{74,6?7)	7 904		283.927
Total funds	9,647,055	4,796,278	(4,796,353)		(42,094}	9,604.886

Comparative inf	ormation in resp	ect of the prec	eding year is as	follows:
	Balance at
Designated	1 August 2018 E	income E	Expenditure E	Transfers in/out	Gains/ (Losses) E	Balance at 31 July 2019
funds
Governors'
cfiscretionary
fund	100,669					100,669
Extra-ordinary
repair fund	198,830					198,830
Generai fund	6,136,521	4,968,484	(4,831,944)	(49,762)		6,223,299
Revaluation
reserve-
property	2,052,677					2,052,677
Revaluation
reserve-
investments	600,192				191,850	792,042
	9,()88,889	4,968,484	(4,831,944)	(49,762)	191,859	9,367,517
Restricted
general funds
Scholarship
funds	69,871	2,745	(1,454)	41,954	8,104	121,220
Prize fund	8,264	69				8,333
Travel account	58,466	146,480	(169,050)	6,327		42,223
Charities
account	929	4,703	{4,703)			929
Appeal	4,397					4,397
Bursary fund	88,346			1,481		90,436
Parents and
friends
association	12,000					12,000
	242,273	154,606	{175,207)	49,762	8,104	279,538
Total funds	9,331,162	5,123,090	(5,007,151)		199954	9,647,055

	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	2020	2020
	E		E
Tangible fixed assets intangible fixed assets Fixed asset investments Current assets Creditors due within one year Creditors due in more than one year	7,631,808 18,862 1,249,949 1,531,508 (621,633) (489,535)	93,188 190,739	7,631,808 18,862 1,343,137 1,722,247 {621,633) (489,535)
Total	9,320,959	283,927	9,604,886

	Unrestricted	Restricted	T'otal
	funds	funds	'funds
	2019	2019	2019
			E
Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year Creditors due in more than one year	7,535,828 30,765 1,962,863 1,134,420 (781,931) (514,428)	218,069 61,469	7,535,828 30,765 2,180,932 1,195,889 (781,931) (5'l4,428)
Total	9,367,517	279,538	9,647,055

											2020	2019
	Net (expenditure)/income		for		the	period	(as	per	Statement	of financial
	activities}										(42,169)	315,893
	Adjustments for:
	Depreciation										116,100	108,626
	Interest receivable										(56,195)	(68,548)
	Decrease	in stocks									37,157	2,268
	Increase	in debtors									(15,285)	(92,040)
	(Decrease)/increase in creditors										(131,957}	93,982
	Fair value	gains and losses	on		investments						37,795	(199,954)
	Net cash	(used in)/provided			by operating		activities				(54,554)	160,227
25.	Cash flows from financing			activities
											2020	2019
											E	E
	Repayments of borrowing										(53,234)	(150,589)
	Net cash	used in financing		activities							(53,234)	(150,589)
26.	Cash flows from investing			activities
											2020	2019
	Dividends,	interest and rents		from		investments					56,195	68,548
	Purchase	of intangible assets										(35,708)
	Purchase	of tangible fixed assets									(200,177)	(79,165)
	Purchase	of investments										(2,152)
	Proceeds	from the sale of investments									800,000
	Net cash	provided by/(used			in) investing		activities				656,018	(48,477)

			NOTES TO THE FINANCIAL	NOTES TO THE FINANCIAL	NOTES TO THE FINANCIAL	NOTES TO THE FINANCIAL	NOTES TO THE FINANCIAL	NOTES TO THE FINANCIAL		STATEMENTS	STATEMENTS
				FOR THE YEAR			ENDED		31 JULY 2020
	Analysis ofcash and cash			equivalents
												2020		2019
														E
	Cash in hand											1,262,639		714,409
	Total cash and cash	equivalents										1,262,639		714,409
28.	Analysis ofchanges	in net		debt
										At 1 August 2019		Cash flows		At 31 July 2020
											E			E
	Cash at bank and in hand Bank overdrafts repayable Debt due within 't year Debt due after 1 year		on	demand							714,409 (53,666) (410,174)	548,230 (13,737) 432 52,802		1,262,639 (13,737) (53,234) (357,372)
											250,569	587,727		838,296
29.	Capital commitments
												2020		2019
												E
	Contracted for but not provided				in these	financial		statements
	Acquisition of tangible	fixed assets												191,130
30.	Pension commitments
	The charity operates a defined the scheme are held separately			contribution from those		pension scheme for all qualifying of the charity in an independently						employees The administered fund		assets of
	The charge to profit or	loss	in respect of defined				contribution			scheme was L452,443 (2019 -			f399 124).

							Page
Reference	and administrative		details				1-2
Trustees' report							3 —11
Statement	ofTrustees'	responsibilities					12
Independent	auditors'	report	on	the financial	statements		13-15
Statement	of financial	activities		incorporating	income and expenditure	account	16
Balance sheet							17-18
Statement	ofcash flows						19
Notes to the financial		statements					20-40