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