2021-07-31-accounts - DHS Educational Foundation

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						Page
Reference and administrative		dotage				1-2
Trustees' report						3-11
Statement ofTrustees'	msponslbgltles					12
Independent auditors'	report	on	the flnanrdal	statements		13-17
Statement ofItnanclal	actlvltles		Incorporating	Income and expenditure	account	18
Balance sheet						19
Statement ofcash flows
Notes to the flnanclal	statements					21 - 43

		DURHAIII HIGH SCHOOL FOR GIRLS	DURHAIII HIGH SCHOOL FOR GIRLS	DURHAIII HIGH SCHOOL FOR GIRLS	DURHAIII HIGH SCHOOL FOR GIRLS	DURHAIII HIGH SCHOOL FOR GIRLS
		(A company			limited by guarantee)
		REFERENCE AND			ADNIINISTRATIVE	DETAILS
Trustees		Miss LClark, Chair&
		ReVd JLogan,		Vice Chalrtp
		Mrs KBarker
		Miss A Besttkr
		MrSChefflngs		(resigned 18November 2021)i
		Canon M Everltt1
		Dr M Gllmors4
		Mrs K Harrison		(appointed 25August 2020)i
		Dr M Hyder
		Mr I Meston
		Mr R Metcalfs
		Mrs H McMlllan
		Mrs PWalker
		Member of	the Finance and General Purposes				Committee
		Nominated	Trustee		by the Bkrhop of Durham
		Nominated	Trustee		by the Bishop ofJarrow
		~ Nominated	Trustee		by the Council of Durham		University
Company	registered
number		06257502
Charity number		1119995
Principal	snd registered	Farewell Hell
offfce		South Road
		Durham
		DH1 3TB
Chkrf executive officer		Mrs S Nlblock
Key Executives		Mrs SNiblock,		Headmistress
		Mr D Todd, Director ofFinance and Business
		Mrs JTomllnson, Senior Deputy Head
		Mrs SMcElrus,		Head	ofJunior House
		Mrs M Hill, Deputy Heed (Pastoral)
Independentaudltors		Cllve Owen LLP
		Chartered Accountants			and Statutory Auditors
		140Conisdiffe		Road
		Darlington
		Co Durham
		DL37RT
Bankers		HSBC
		1 Saddkrr Street
		Durham
		County Durham
		DH1 3NR

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2021 8	2021 5	2021 8	2020 f
Income from:
Donations and capital grants			500		500
Charitable activities			4,657,466		4,657,466	4,722,739
Other trading activities						12,941
Investments			41,930		41,930	56,195
Other income			5,274		5,274	4,403
Total Income			4,705,170		4,705,170	4,796,278
Expenditure on:
Charitable activities		8	4,989,272	110,475	5,099,747	4,796,353
Total expenditure			4,989,272	110,475	5,099,747	4,796,353
Net gains/(losses)	on investments		206,996	15,980	222,976	(42,094)
Net expenditure			(77,106)	(94,495)	(171,601)	(42,169)
Transfers between	funds	20	77,834	(77,834)
Net movement in	funds		728	(172,329)	(171,601)	(42,169)
Reconciliation of	funds:
Total funds brought	forward		9,320,959	283,927	9,604,886	9,647,055
Net movement in funds			728	(172,329)	(171,601)	(42,169)
Total funds carried forward			9,321,687	111,598	9,433,285	9,604,886

			Note		2021f		2020 6
Fixed assets
Intangible assets			14		6,959		18,862
Tangible assets			15		7,557,346		7,631,808
Investments			16		1,566,113		1,343,137
					9,130,418		8,993,807
Current assets
Debtors			17	394,470		459,608
Cash at bank and in hand				1,145,932		1,262,639
				1,540,402		1,722,247
Creditors; amounts	falling due within one
year			18	(847,288)		(621,633)
Net current assets					693,114		1,100,614
Total assets less current liabilities					9,823,532		10,094,421
Creditors: amounts	falling due after more
than one year			19		(390,247)		(489,535)
Net assets excluding		pension asset			9,433,285		9,604,886
Total assets					9,433,285		9,604,886
Funds ofthe Charity
Restricted funds			20		111,598		283,927
Unrestricted income	funds
Designated funds			20	3,305,280		3,102,124
General funds			20	6,016,407		6,218,835
Total unrestricted	income funds		20		9,321,687		9,320,959
Total funds					9,433,285		9,604,886

	FOR T	HE YEAR ENDED 31JULY	2021
				2021	2020
			Nots	6	6
Cash flows from operating	activities
Net cash used in operating	activities		22	(61,493)	(54,554)
Cash flows from investing	activities		24	410	656,018
Cash flows from financing	activities		23	(55,624)	(53,234)
Change in cash and cash	equivalents In	the year		(116,707)	548,230
Cash and cash equivalents	at the beginning	ofthe year		1,262,639	714,409
Cash and cash equivalents	at the end of	the year	25, 26	1,145,932	1,262,639
The notes on pages 21 to 43 form part ofthese financial statements

	Unrestricted	Total	Total
	funds	funds	funds
	2021f	2021	2020 6
Donations	500	500

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021f	2021 8	2021f	2020 8
Tuition Fees				4,823,068		4,823,068	4,911,197
Grants, Awards		and Prizes		(662,866)		(662,866)	(626,527)
Lunches				189,119		189,119	171,775
Music and Performing			Arts recharges	153,178		153,178	71,626
Coronavirus	Job Retention Scheme grants			63,717		63,717	129,702
Travel fund recharges				91,250		91,250	64,966
				4,657,466		4,657,466	4,722,739
Total2020				4,654,277	68,462	4,722,739

Unrestricted	Total	Total
funds	funds	funds
2021f	2021f	2020 L'
		12,941
12,941	12,941

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021f	2021	2020
Dividend	income	38,617		38,617	54,025
Interest	receivable	3,313		3,313	2,170
		41,930		41,930	56,195
Total 2020		53,495	2,700	56,195

					Unrestricted	Total	Total
					funds	funds	funds
					2021 F	2021f	2020f
	Registration	fees			5,274	5,274	4,403
	Total 2020				4,403	4,403
8.	Expenditure
				Staff Costs	Other	Total	Total
				2021 6	2021f	2021 6	2020 8
	Charity's educational		operations:
	Direct costs			3,181,570	1,038,242	4,219,812	4,097,598
	Allocated support costs			467,787	412,148	879,935	698,755
				3,649,357	1,450,390	5,099,747	4,796,353
	Total 2020			3,585,403	1,210,950	4,796,353

			Activities
			undertaken	Support	Total	Total
			directly	costs	funds	funds
			2021 6	2021f	2021	2020 6
Charity's	educational	operations	4,219,812	879,935	5,099,747	4,796,353
Total 2020			4,097,598	698,755	4,796,353
Analysis	ofdirect costs
				Charity's
				educational	Total	Total
				operations	funds	funds
				2021f	2021	2020f
Staff costs				3,181,570	3,181,570	3,154,512
Depreciation				127,885	127,885	116,100
Other costs				910,357	910,357	826,986
				4,219,812	4,219,812	4,097,598
Total 2020				4,097,598	4,097,598
Analysis	ofsupport	costs
				Charity's
				educational	Total	Total
				operations	funds	funds
				2021f	2021	2020 6
Staff costs				467,787	467,787	430,891
Finance	costs			8,451	8,451	11,807
Other administrative		costs		342,945	342,945	212,274
Professional fees				60,752	60,752	43,783
				879,935	879,935	698,755
Total20	20			698,755	698,755

							2021	2020
							5
	Operating	lease rentals					12,488
	Depreciation		oftangible	fixed	assets		115,982	104,197
	Amortisation		of intangible	assets			11,903	11,903
11.	Auditors'	remuneration
							2021f	2020 6
	Fees payable		to the Charity's		auditor for the audit ofthe Charity's	annual
	accounts						9,250	8,800
12.	Staff

Staff costs during the year were as follows:
	2021	2020
		6
Wages and salaries	2,846,956	2,806,450
Social security costs	271,631	273,965
Pension costs	530,770	504,988
	3,649,357	3,585,403

	2021	2020
	No.	No.
Teachers	56	60
Administration	9	12
Technicians	4	4
Cleaning	9	11
Maintenance	7	4
Music Peris	9	10
Teaching Support	7	11
	101	112

2021	2020
No.	No.

	FOR THE YEAR ENDED 31	JULY 2021
14.	Intangible assets
		Software
		Licences
		5
	Cost
	At 1 August 2020	35,708
	At 31 July 2021	35,708
	Amortlsatlon
	At 1 August 2020	16,846
	Charge for the year	11,903
	At 31 July 2021	28,749
	Net book value
	At 31 July 2021	6,959
	At 31 July 2020	18,862

		Furniture
	Freehold	and	Computer	Academic
	property	equipment	equipment	equipment f	Total 8
Cost or valuation
At 1 August 2020	7,658,801	201,112	60,644	1,143,735	9,064,292
Additions			41,520		41,520
At 31 July 2021	7,658,801	201,112	102,164	1,143,735	9,105,812
Depreciation
At 1 August 2020	237,605	144,133	45,885	1,004,861	1,432,484
Charge for the year	40,532	14,994	17,390	43,066	115,982
At 31 July 2021	278,137	159,127	63,275	1,047,927	1,548,466
Net book value
At31 July2021	7,380,664	41,985	38,889	95,808	7,557,346
At 31 July 2020	7,421,196	56,979	14,759	138,874	7,631,808

	Listed
	investments
	6
Cost or valuation
At 1 August 2020	1,343,137
Revaluations	222,976
At 31July 2021	1,566,113
Net book value
At 31July 2021	1,566,113
At 31 July 2020	1,343,137

Debtors
			2021f	2020
Due within one year
Trade debtors			326,431	399,324
Prepayments	and accrued income		68,039	60,284
			394,470	459,608
Creditors: Amounts		falling due within one year
			2021	2020
				6
Bank overdrafts				13,737
Bankloans			53,234	53,234
Trade creditors			67,308	7,578
Other taxation	and social security		68,317	68,420
Other creditors			230,239	175,373
Accruals and	deferred	Income	428,190	303,291
			847,288	621,633

		2021	2020
			F
Bankloans		301,748	357,372
Other creditors		88,499	132,163
		390,247	489,535
Included within the above are amounts	falling due as follows:
		2021 f	2020 F
Between one and two years
Bankloans		53,234	53,234
Between two and five years
Bank loans		159,702	159,702
Over five years
Bank loans		88,812	144,436

	Balance at 1			Transfers	Gains/	Balance at
	August 2020 6	income F	Expenditure	in/out f	(Losses) 6	31 July 2021
Designated
funds
Governor'
discretionary
fund	100,669			78,856		179,525
Extraordinary
repair fund	198,830		(79,224)	(3,472)		116,134
Revaluation
reserve-
property	2,052,677					2,052,677
Revaluation
reserve-
investments	749,948				206,996	956,944
	3,102,124		(79,224)	75,384	206,996	3,305,280
General funds
General fund	6,218,835	4,705,170	(4,910,048)	2,450		6,016,407
Total
Unrestricted
funds	9,320,959	4,705,170	(4,989,272)	77,834	206,996	9,321,687
Restricted
funds
Scholarship
funds	128,345		(107,286)	20,935	15,980	57,974
Prize fund	8,333			(8,333)
Travel account	36,008					36,008
Charities
account	929					929
Bursary fund	90,436			(90,436)
Partnerships-
Science Sparks	14,107					14,107
Old Girls
Associat)on	3,189		(3,189)
Duke of
Edinburgh
Award	2,580					2,580
	283,927		(110,475)	(77,834)	15,980	111,598

Comparative inform	ation in respec	t ofthe preced	ing year Is	as fo	llows:
	Balance at
	1 August				Transfers	Gains/	Balance at
	2019	Income f	Expenditure	f	in/out 9	(Losses) f	31 July 2020
Designated
funds
Governors'
discretionary fund	100,669						100,669
Extra-ordinary
repair fund	198,830						198,830
Revaluation
reserve-
property	2,052,677						2,052,677
Revaluation
reserve "
investments	792,042					(42,094)	749,948
	3,144,218					(42,094)	3,102,124
General funds
General fund	6,223,299	4,725,116	(4,721,676)		(7,904)		6,218,835
Total
Unrestricted
funds	9,367,517	4,725,116	(4,721,676)		(7,904)	(42,094)	9,320,959
Restricted
funds
Scholarship funds	121,220	2,700			4,425			128,345
Prize fund	8,333							8,333
Travel account	42,223	64,966	(71,181)					36,008
Charities
account	929	3,496	(3,496)					929
Appeal	4,397				(4,397)
Bursary fund	90,436							90,436
Parents and
friends
association	12,000				(12,000)
Partnerships- Science Sparks					14,107			14,107

Statement offu	nds (continued)
	Balance at
	1 August				Transfers	Gains/	Balance at
	2019 E	Income f	Expenditure	f	in/out E	(Losses) f	31 July 2020 f.
Old Girls
Association					3,189		3,189
Duke of
Edinburgh
Award					2,580		2,580
	279,538	71,162	(74,677)		7,904		283,927
Total funds	9,647,055	4,796,278	(4,796,353)			(42,094)	9,604,886

Analysis	of net assets between funds - current	year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021f	2021f	2021 E
Tangible	fixed assets	7,557,346		7,557,346
Intangible	fixed assets	6,959		6,959
Fixed asset investments		1,454,515	111,598	1,566,113
Current assets		1,540,402		1,540,402
Creditors	due within one year	(847,288)		(847,288)
Creditors	due in more than one year	(390,247)		(390,247)
Total		9,321,687	111,598	9,433,285

	Analysis ofnet assets betw	een fu	nds - prior	year
					Unrestricted		Restdctsd	Total
						funds	funds	funds
						2020 6	2020f	2020 6
	Tangible fixed assets				7,631,808			7,631,808
	Intangible fixed assets				18,862			18,862
	Fixed asset investments				1,249,949		93,188	1,343,137
	Current assets				1,531,508		190,739	1,722,247
	Creditors dus within one year				(621,633)			(621,633)
	Creditors due in more than one year				(489,535)			(489,535)
	Total				9,320,959		283,927	9,604,886
22.	Reconciliation ofnet expenditure		to net cash flow from		operating	actlvifies
							2021	2020
								6
	Net expenditure for the year	(as psr	Statement	offinanctal	activities)		(171,601)	(42,169)
	Adjustments for:
	Amoriisation						11,903	11,903
	Depreciation						115,982	104,197
	Interest receivable						(41,930)	(56,195)
	Decrease in stocks							37,157
	Decrease/(increase) in debtors						65,138	(15,285)
	Increase/(decrease) in creditors						181,991	(131,957)
	Fair value gains and losses on investments						(222,976)	37,795
	Nst cash used In operating	activities					(61,493)	(54,554)
23.	Cash flows from financing	activities
							2021	2020f
	Repayments of borrowing						(55,624)	(53,234)
	Net cash used In Rnanclng	activities					(55,624)	(53,234)

			2021	2020
	Dividends, interest and rents from	investments	41,930	56,195
	Purchase oftangible fixed assets		(41,520)	(200,177)
	Proceeds from the sale of investments			800,000
	Net cash provided by investing	activities	410	656,018
25.	Analysis ofcash and cash equivalents
			2021	2020
			6
	Cash in hand		1,145,932	1,262,639
	Total cash and cash equivalents		1,145,932	1,262,639

				At 1 August		At 31 July
				2020 F	Cash flowsf	2021f
Cash	at bank and in hand			1,262,639	(116,707)	1,145,932
Bank	overdrafts	repayable	on demand	(13,737)	13,737
Debt	due within	1 year		(53,234)		(53,234)
Debt	due after 1 year			(357,372)	55,624	(301,748)
				838,296	(47,346)	790,950

cancellable	o	perating leases as follows:
			2021
			L
Not later than		1 year	17,779
Later than	1 year and not later than 5years		57,780
			75,559