2020-08-31-accounts - Royal Grammar School Worcester

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Index		Page
Governors' Report
Strategic Report		4-14
Auditor's Report		15-17
Statement of Financial	Activities	1B-19
Balance Sheet		20
Cash Flow Statement		21
Notes to the Accounts		22-39


MrJ QSPoole	Chair of Governors
Mrs R F Ham	Vice Chair ofGovernors
Mrs LCook	EC, Staff Liaison at RGS Worcester and Governor					with special	interest for	Learning
	Development
Mrs MJCross	F&GP
Mr N Fairlie	F&GP
Sir R Fry	NC
Mr A Greenway	EC and Governor with special	interest for GDPR
Mr H Kimberley	Chair of F&GP
Ms K Meredith	Chair of ECand member ofthe NC
Mrs S Mills	EC and Governor with special	interest for Safeguarding
Mr J E Peters	EC, NC, CCF and Staff Liaison	at RGS The		Grange
Mr BW Radford	F&GP and Governor with special		interest for	Health		and Safety
Dr ERobinson	EC
Mrs KM Wormington	Staff Liaison at RGS Dodderhi	I
Mrs R Wyatt	Governor with special interest	for the Foundation			Rage
Finance and General Purposes Committee (F&GP), Education			Committee	(EC),		Nominations	Committee	(NC)

(including the Income & Expenditure acco	unt)
	Note	Unrestricted	Restricted	Endowed	2020	2019
		Funds	Funds	Funds	Total	Total
		2000	2000	6000	BNO
INCOMING RESOURCES
Income from Charitable Activities:
School fees	1.	14,496			14,496	13,931
Other educational activities	2.	16			16	14
Other ancillary activities	2.	308			308	622
Other Income:
Other incoming resources	2.	487				131
Investment income:	2.	18			19	23
Voluntary income:	2.	15	92		107	4,037
Total Incoming Resources		15,340	93		15,433	16,758
EXPENDITURE ON:
Raising Funds:
Fundraising Costs					105	65
Other Expenditure:
Grant to related charity: The RGSW&
AOS Foundation
Charitable Activities:
School		14,994	114		15,108	14,548
Total Expenditure		15,099	114		15,213	14,633
NET INCOMING/(OUTGOING)		241	(21)		220	4, 125
FUNDS FROM OPERATIONS
BEFORETRANSFERS
Transfers between funds	9
Investment gains	9					15
NET MOVEMEN'T IN FUNDS		241	(21)			4,140
Fund balances at 1 September		23 293		241	23,598	19,458
Fund balances at 31 August		23,534		247	23,824	23,596
All operations are continuing.

(including the Income &Expenditure acco	unt)
	Note	Unrestricted	Restricted	Endowed	2019	2018
		Funds	Funds	Funds	Total	Total
		2000
INCOMING RESOURCES
Income from Charitable Activities:
School fees	1.	13,931			13,931	12,899
Other educationa activities	2.	14			14	13
Other ancillary activities	2.	622			622	697
Other Income:
Other incoming resources	2.	131			131	115
Investment income:	2.	22			23	18
Voluntary income:	2.	3,997			4,037	140
Total Incoming Resources		18,717	41		18,758	13,862
EXPENDITURE ON:
Raising Funds:
Fundraising Costs					85	62
Other Expenditure:
Grant to related charity: The RGSW&
AOS Foundation						386
Charitable Activities:
School		14,512			14,548	13,574
Total Expenditure		14,597			14633	14042
NET INCOMING/(OUTGOING)		4,120			4,125	(160)
FUNDS FROM OPERATIONS
BEFORETRANSFERS
Transfers between funds	9.
Investment gains	9			15	15	17
NET MOVEMENT IN FUNDS		4,120		15	4,140	(143)
Fund balances at 1 September		19,173	59	226	19,458	19,601
Fund balances at 31 August		23,293		241	23,598	19,456
AII operatlurle are cof Itlf IUII Ig.

			Note		2020		2019
					EOOO		2000
FIXEDASSETS
Intangible Assets for Operational Tangible Assets for Operational Investments		Use Use	5a. 5b. 6.	81 22,826 247		91 23,508 241
					23,154		23,840
CURRENT ASSETS
Debtors			7a.	1,160		661
Stock				36		22
Cash at bank and in hand			7b.	846		2,407
Short term deposits			7b.	3,000		700
					5,042		3,790
CREDITORS: Due within one		year	8a.		(2,963)		(2,611)
NET CURRENT ASSETS					2,079		1,179
TOTAL ASSETSless	NET CURRENT LIABILITIES				25,233		25,019
CREDITORS: Due after more		than one year
Pension deficit funding	liability		12c.	(655)		(754)
Fees received in advance			Sb.	(754)		(667)
					(1,409)		(1,421)
TOTAL NET ASSETS					23,824		23,598
Endowed Funds			9.		247		241
Restricted Funds			9		43		64
Unrestricted Funds			9.		23,534		23,293
					23,824		23,598

						2020		2019
						BNO		2000
Cash flows from operating	activities
Net cash provided by operating activities						1,321		6,239
Cash flows from investing	activities
Dividends and interest from	investments				18		22
Proceeds from the sale of fixed assets					25		10
Purchase of intangible fixed	assets				(44)		(52)
Purchase of tangible fixed assets					(581)		(5,804)
Net cash used in investing activities						(582)		(5,824)
Change in cash and cash entitlements		in the reporting	period			739		415
Total cash and non-cash movements								415
Cash and cash equivalents	at the start	ofthe year				3,107		2,692
Cash and cash equivalents	at the end ofthe reporting		period			3,846		3,107
A. Reconciliation ofcash flows from the operating				activities
Net income for the year						242		4,140
Depreciation and amortisation charges						1,294		1,304
Dividends from investments						(18)		(22)
Increase in stock						(141		(3)
(Increase)/Decrease in debtors						(499)		114
Increase in creditors						442		833
Decrease in pension deficit	funding					(95)		(102)
Investment gains						(6)		(15)
Profit on sale of fixed assets						(25)		(10)
						1,321		6,239
B. Analysis ofcash and	cash equivalents
Cash in hand								2,407
Short term deposits						3,000
						3,846		3,107

NO	TES TO THE ACC	O	UNT	S F	OR	YEAR ENDED 31August	2020
1.	FEES									2019
										6000
	Gross Tuition Fees							16,143		15,006
	Pupil Lunches							334		497
	Other Fees							177		317
	Gross Fee Income							16,654		15,820
	Less: Scholarships,		Bursaries		and other Remissions		(1,824)		(1,554)
	Less: Fees paid through			Salary Sacrifice			(334)		(335)
	Total Remissions							(2,158)		(1,889)
	Net Fees							14,496		13,931
								2020		2019
								BNO		BXN
2.	OTHER INCOME
	Other educational		charitable			activities
	Registration Fees							16		14
	Other ancillary activities
	RGS The Grange	Shuttle		Bus				23		23
	School Trips							280		594
	Baby and Toddler	Groups
										622
	Other incoming	resources
	Refund from private		medical		insurance					1
	Counselling recovery							14		15
	Lettings							39		40
	Sale of Fixed Assets		—Boat		and	Minibus		25		10
	Solar FIT									4
	HMRC JRS Grants							310
	Miscellaneous							91		61
										131
	Investment Income
	Bank interest							12		16
	Permanent Endowment			Income						6
	Mytton and Blasson		interest
								19		23
	Voluntary Income
	Donations									50
	Assets and liabfitties		of Dodderhill School							3,946
	Grants from the RGSW			&AOS		Foundation		71		40
	Legacies							14
								107		4,037

						Staff	Staff	Other	Depreciation	2020	2019
						Costs			&	Total	Total
									Alnorbsabon
								2000	2000
Costs of generating		voluntary			income		50
Charitable	Activities
Teaching	Costs					8,843		423		9,720	6,937
Welfare							85	467	14	566	744
Premises							487	1,289	769	2,545	2,420
Support Costs of Schooling							869	1,062		1,974	2,174
Marketing	and Advertising						125	171		303	273
						10,409		3,412	1,287	15,108	14,546
Total Resources Expended						10,459		3,460	1,294	15,213	I4,633
Staff Costs										2020	2019
										BRO	0000
Wages &	Salaries									7,892	7,405
Social Security Costs										753	705
Pension Contnbutions										1,553	1,061
Training &Expenses										33	53
Other Costs											246
										10,459	9,472
The average numbers			of full		time equivalent	employees		in the year	were:	2020	2019
Teachers											125
Others											104
											229
The total	headcount		was 336 (2019:325)
The number of employees				whose emoluments			exceeded 260,000were:				2019
660,001	—E70,000
670,001	- 260,000
EBO,001	—290,000
290,001	- 2100,000
Et00,00	I —Et10,000
Et t0,001 —D20,000
E120,001 —Et30,000
											10

RESOURCES EXPENDED (co	ntinued)
								2020	2019
								BXS	2000
Remuneration of key personnel	including	Employers'		National	Insurance		and
Employei's Pension contributions Principal Officers)	(considered		to be	the Governors		and		514

						2019
						8000
Auditor's	remuneration	for	audit	services	13	14
Auditor's Auditor's	remuneration remuneration	for for	payroll other	services services		10 14
					21	38

TANGIBLE FIXED	TANGIBLE FIXED	Freehold	Freehold	Fixtures	Grounds	Assets in	Total
ASSETS		Land	Buildings	Fittings &	Equipment	the course
				Equipment	&Motor	of
					Vehicles	construction
							BNO
Cost
At 1 September Additions	2019		28,419 5	5,392 509	515 45		34,822 559
Disposais				(19)	(25)		(44)
At 31 August 2020		496	28,424	5,882			35,337
Depreciation At 1 September Charge for year	2019		7,429 569	3,488 626	397 46		11,314 1,241
Disposals				(19)	(25)		(44)
At 31 August 2020			7,998	4,095	418		12,511
Net Book Amount
At 31 August 2020 At 1 September 2019		496 496	20,426 20,990	1,787 1,904	117 118		22,826 23,508

6.	FIXEDASSET INVESTMENTS (UK	Listedj
6a.	THE PERMANENT ENDOWMENT	FUND		2019
				2000
	Opening market value Net gains on revaluation		212 5	199 13
	Closing market value at 31 August		217	212
	Historic cost at 31 August		150	150

ENDOWED FUNDS		2019
Prize Fund		2000
Opening market value		27
Net gains on revaluation		2
Closing market value at 31 August	30	29
Historic cost at 31 August		20

7a.	DEBTORS					2019
						2000
	Tuition fees and extras				467	290
	Sundry debtors				404	34
	Prepayments				289	337
					1,160	661
7I3.	OTHER CURRENT ASSETS					2019
						2000
	Cash at Bank and		in Hand		846	2,407
	Short Term Deposits				3,000	700
					3,846	3,107
Ba.	CREDITORS:	Due within one year				2019
						6000
	Fees received	in advance			1,660	986
	Registration Deposits				148	141
	Trade Creditors				499	701
	Social Security	&	Other	Taxes	191	189
	Pension deficit	funding		liability (note 12c)	114	110
	Other Creditors				222	271
	Accruals				129	213
					2,963	2,611

CREDIT	ORS: Due after more than one y	ear (excluding pension	liability)
Accrued	liabilities in respect offees received	in advance;	2020	2019
			2000	2000
Within 2	to 5years			431
Witiiin 1	to 2 years			236
				667
Within 1	year		1,660	986
Balance	at 31 August		2,414
The movements during the year were:
Balance	at 1 September		1,653	1,093
Net cash	movement		2,416	1,504
			4,071	2,597
Amounts	utilised in fee payment		(1,657)	(944)
Balance	at 31 August		2,414	1,653

		Balance at	1	Incoming	Resources	Investment	Balance at 31
		September		Resource	Expended	gains	August 2020
Endowment Funds		2019 EOOOs		2000s	2000s		BXNs
The Permanent	Endowment	212					217
Fund
Prize Funds
		241					247
Restricted Funds
Alumni Bursary Alumni Bursary	A B	2 16		13	(2) (14)		15
Debating			1				1
Dodderhill			7		(2)		5
Drawings/Pictures			1				1
Alumni support		23			(19)		4
Gardening Club			1				1
Mytton &Blasson Prize Fund							1
Claines Physics	Prize						3
Rugby Auction					(2)		3
Tennis Sponsorship							5
Sundry &6500					(1)
RGSW &AOS	Foundation		0	33	(33)
Bursaries
RGSW &ADS	Foundation—		0		(38)
Hardship Fund
Dodderhill PTA	(Ubrary)			2	(2)
Debating Society				3
RGS PTA Photography				1
RGS PTA Land	Rover			1
		64		93	(114)
Unrestricted	Funds
General Reserves		23,293		15,411	(15,170)		23,534

		Balance at 1	Incoming	Resources	Investment	Balance at 31
		September	Resources	Expended	gains	August
Summary	of Funds	2019				2020
		'f000s	F000s	2000s	BNOs	BMOs
Endowment	Funds	241				247
Restricted	Funds		93	(114)
Unrestricted	Funds	231293	15,340	(15,099)		23,534
		23,598	15,433	(15,213)		23,824

RESERVES (PRIOR	YEAR)
	Balance at	1	Incoming	Resources	Investment	Balance at 31
	September		Resource	Expended	gains	August
Endowment Funds	2018 2000s			2000s	2000s	2019 2000s
The Permanent Endowment					13	212
Fund
Prize Funds	27
	226				15	241
Restricted Funds
Alumni Bursary A Alumni Bursary B	16 15		11	(14) (10)		2 16
Debating			2	(1)		1
Dodderhili						7
Drawings/Pictures						1
Alumni support	23					23
Gardening Club		1
Grange Benches				(1)
Grange Stage Lighting				(4)
Hockey Sponsorship				(1)
Mytton 8 Basson Prize Fund				(1)
Claines Physics Prize
RGS PA Gazebos				(2)
Rowing Sponsorship				(1)
Rugby Auction
Tennis Sponsorship
Sundry &5500
	59		41	(36)
Unrestricted Funds
General Reserves	19,173		18,717	(14,597)		23293

10. ANALYSIS O	F NET ASSETS	BETWEEN FUN	DS
The Net Assets	Tangible	Intangible		Net	Long
are Funded as	Fixed	Fixed	Investments	Current	Tenn	2020	2019
follows:	Assets	Assets		Assets	Liabilities	Total	Total
	2000	2000	B)00	2000	B)00	BXIO	E000
Unrestricted
Funds	22,826	81		2,036	(1,409)	23,534	23,293
Restricted
Funds
Endowment			247			247	241
Funds
	22,826	81	247	2,079	(1,409)	23,824	23,598
10. ANALYSIS OF NET ASSETS		BETWEEN FUNDS (PRIOR YEAR)
The Net Assets	Tangible	Intangible		Net	Long
are Funded as	Fixed	Fixed	Investments	Current	Term	2019	2018
follows:	Assets	Assets		Assets	Liabilities	Total	Total
	2000	2000	2000	2000	2000	2000	E000
Unrestricted
Funds	23,508	91		1,115	(1,421)	23,293	19,173
Restricted
Funds							59
Endowment			241			241	226
Funds
	23,508	91	241	1,179	(1,421)	23,598	19,458