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