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2021-08-31-accounts

Index Page
Governors'
Report
1-4
Strategic Report 5-18
Auditor's
Report
19-21
Statement of Financial Activities 22-23
Balance Sheet 24
Cash Flow Statement 25
Notes tothe Accounts 26-43

tinue to grow the number
oflocal or
a, dance and archery.
These include
ganisations
who have
those listed below:
used the facilities for activitie
AOOE Annual
Dinner
Under 10 Girls Football
Coppertops
FC Football
Walking
Football
Droitwich
Fencing
Warndon Super Vets Football
Droitwich Table Tennis Worcester City Football Club
Peopleton
Cricket Club
Worcester Hockey
Perdiswell
Colts
Worcester Netball Club
Phil Chew Football Worcester University
Student
Hockey
Pauline
Quirk Academy
Wyre Forest Ladies Hockey
Super Vets Football

THE ROYAL GRAMMAR SCHOOL WORC THE ROYAL GRAMMAR SCHOOL WORC ESTE R
STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31AUGUST
(including
the Income &Expenditure
account)
Note Unrestricted Restricted Endowed 2021 2020
Funds Funds Funds Total Total
2000 2000 2000 2000
Restated
INCOMING RESOURCES
Income from Charitable
Activities:
School fees 1. 16,370 16,370 14,830
Other educational
activities
2. 18 18 16
Other ancillary
activities
2. 194 194 308
Other income:
Other incoming resources 2. 227 487
Investment
income:
2. 10 3 13
Voluntary
income:
2. 147 147
Total Incoming Resources 16,819 150 16,969 15;757
EXPENDITURE ON:
Raising Funds:
Fundraising
Costs
81 81 105
Other Expenditure:
Charitable
Activities:
School 18,222 142 16,364 15,442
Total Expenditure 16,303 142 16,445 15,547
NET INCOMING 516 524 220
FUNDS FROM OPERATIONS
BEFORETRANSFERS
Investment
gains
NET MOVEMENT
IN FUNDS
516 226
Fund balances at 1 September 23,534 43 247 23,824 23,598
Fund balances at 31 August 24,050 51 290 24,391 23,824
All operations
are continuing.

(including the Income &Expenditure
a
ccount)
Note Unrestricted Restricted Endowed 2020
Funds Funds Funds Total
2000 2000 BSO 2000
Restated Restated
INCOMING RESOURCES
Income from Charitable
Activities:
School fees 1, 14,830 14,830
Other educational
activities
2. 16 16
Other ancillary
activities
2. 308 308
Other Income:
Other incoming
resources
2. 487
Investment
income:
2. 18 19
Voluntary
income:
2. 15 107
Total Incoming Resources 15,674 15,767
EXPENDITURE ON:
Raising Funds:
Fundraising
Costs
105 105
Other Expenditure:
Charitable
Activities:
School 15,328 114 15,442
Total Expenditure 15,433 114 15,547
NET INCOMING/(OUTGOING) 241 (21)
FUNDS FROM OPERATIONS
BEFORETRANSFERS
Investment
gains
NET MOVEMENT
IN FUNDS
241 (21)
Fund balances at t September 23,293 241 23,598
Fund balances at 31 August 23,534 247 23,824
All operations
are continuing.

Note 2021 2020
2000 2000
FIXEDASSETS Restated
Intangible
Assets for Operational
Use 5a. 48 81
Tangible Assets for Operational Use 5b. 22,235 22,826
Investments
—COIF
6a8b. 290 247
Investments
in Subsidiary
6c. 1
22,574 23,155
CURRENT ASSETS
Debtors 7a. 3,328 1,160
Stock 23 35
Cash at bank and in hand 7b. 1,441 846
Short term deposits 7b. 3,750 3,000
8,542 5,041
CREDITORS: Due within one year Sa. (4,935) (2,963)
NET CURRENT ASSETS 3,607 2,078
TOTAL ASSETSless NET CURRENT 26,181 25,233
LIABILITIES
CREDITORS: Due after more than one year
Pension deficit funding liability 12c. (440) (655)
Fees received
in advance
8b. (1,350) (754)
(1,790) (1,409)
TOTAL NET ASSETS 24,391 23,824
Endowed
Funds
9 247
Restricted
Funds
9 51 43
Unrestricted
Funds
9 24,050 23,534
24,391 23,824

2021 2020
2000 2000
Cash flows from operating
activities
Net cash provided
by operating
activities
1,988 1,321
Cash flows from investing activities
Dividends
and interest from
investments 10 18
Proceeds from the sale of fixed assets 25
Purchase of intangible
fixed
assets (44)
Purchase oftangible
fixed assets
(653) (581)
Net cash used in investing
activities
(643) (562)
Change
in cash and cash entitlements
in the reporting period 1,345 739
Total cash and non-cash
movements
1,345 739
Cash and cash equivalents at the start ofthe year 3,&46 3,107
Cash and cash equivalents at the end ofthe reporting period 5,191 3,846
A. Reconciliation
ofcash flows from the operating
activities
Net income for the year 567 242
Depreciation
and amortisation
charges
1,276 1,294
Dividends
from investments
(10) (16)
Decrease/(increase)
in stock
12 (14)
Increase
in debtors
(2,168) (499)
Increase
in creditors
2,569 442
Decrease
in pension
deficit
funding (216) (95)
Investment
gains
(43) (6)
Loss on sale of fixed assets 1 (25)
1,988 1,321
B. Analysis ofcash and cash equivalents
Cash
in hand
1,441 846
Short term deposits 3,750 3,000
5,191 3,646

NO TES TOTHE ACC O UNTS FOR YEAR ENDED 31August 202 1
1. SCHOOL FEES 2021 2020
2000 2000
Restated
Gross Tuition Fees 17,861 16,312
Pupil Lunches 230 165
Other Fees 315 177
Gross Fee Income 18,406 16,654
Less: Scholarships, Bursaries and other Remissions (2,036) (1,824)
Net Fees 16,370 14,830
2021 2020
2000 2000
2. OTHER INCOME
Other educational charitable activities
Registration
Fees
18 16
Other ancillary activities
RGSThe Grange Shuttle Bus 27 23
School Trips 167 280
Baby and Toddler Groups 5
308
Other incoming resources
Counselling
recovery
14
Lettings 47 39
Sale of Fixed Assets —Boat and Minibus 25
Solar FIT
HMRC CJRS Grants 70 310
Miscellaneous 70 91
487
Investment
Income
Bank interest 12
Permanent
Endowment
Income
Mytton
and Blasson
interest
13
Voluntary
Income
Donations 31 22
Grants from the RGSW &AOS Foundation 116 71
Legacies 14
147 107

3. RESOURCES EXPENDED RESOURCES EXPENDED RESOURCES EXPENDED RESOURCES EXPENDED RESOURCES EXPENDED RESOURCES EXPENDED
Staff Other Depreciation 2021 2020
Costs & Total Total
Amortisation
2000 2000 2000 2000 8000
Restated
Costs of generating voluntary 14 81 105
income
Charitable Activities
Teaching Costs 9,649 392 430 10,471 10,054
Welfare 101 650 13 764 566
Premises 555 1,655 778 2,988 2,545
Support
Marketing
Costs ofSchooling
and Advertising
947
167
833
146
42
6
1,822
319
1,974
303
11,419 3,676 1,269 16,364 15,442
Total Resources Expended 11,479 3,690 1,276 16,445 15,547
Staff Costs 2021 2020
2000 8000
Restated
Wages ft Salaries 8,750 8,226
Social Security Costs 821 753
Pension Contributions 1,643 1,553
Training & Expenses 39 33
Other Costs 226 228
11,479 10,793
The average numbers of full time equivalent employees in the year 2021 2020
were:
Teachers 145 135
Others 104 100
249 235
The total headcount was 343(2020:336)
The number
ofemployees
whose emoluments exceeded 860,000 2021 2020
were:
F60,001 - 870,000
P70,001 - F80,000
F80,001 - P90,000
F90,001 - D00,000
8100,001 —L'11 0,000
C110,001 —V120,000
8120,001 - 8130,000
P130,001 - 8140,000

3. RESOURCES EXPENDED (continued)
2021 2020
OOOO 2000
Remuneration
of key personnel
including
Employers'
National
Insurance
and
Employer's
Pension contributions
(considered to be the Governors
and
Principal Officers) 529 514
During the year there were redundancy
or termination
payments
totalling F3,254 (2020:226,706).
For the 9employees
(2020:9)with emoluments
greater than F60,000, 8(2020:8)were members
ofthe
defined benefit schemes
with
associated employer
contributions
ofF145,324(2020:F150,769)
Other than those transactions disclosued in Note 14, neither the Governors nor persons connected with them
receive any remuneration
or
other benefits from the School or any connected organisation for their services.
Trustee indemnity
insurance
is included in the School's insurance cover at no additional cost.

2021 2020
2000 F000
Auditor's
remuneration
for audit services 16 13
Auditor's
remuneration
for payroll services
16 21
5a. INTANGIBLE ASSETS
Software (including
website development)
OOOO
Cost
At 1 September 2020
Additions
As 31 August 2021
Depreciation
At 1 September 2020 253
Charge for year 33
As 31 August 2021 286
Net Book Amount
At 31 August 2021 48
At 1 September 2020 81
NO TES TO THE ACCOUNT S FOR YEA R ENDED 31 August 2021
5b. TANGIBLE FIXED Freehold Freehold Fixtures Grounds Total
ASSETS Land Buildings Fittings & Equipment &
Equipment Motor
Vehicles
BSO 2000 2000
Cost
At 1 September 2020
Additions
496 28,424
46
5,882
594
535
13
35,337
653
Disposals (8) (8)
At 31 August 2021 28,470 6,468 35,982
Depreciation
At 1 September 2020 7,998 4,095 418 12,511
Charge for year 570 632 41 1,243
Disposals (7) ('7)
At 31 August 2021 8,568 45720 459 13,747
Net BookAmount
At 31 August 2021 496 19,902 1,748 89 22,235
At 1 September 2020 496 20,426 1,787 117 22,826
6. FIXEDASSET INVESTMENTS (UK Listed)
6a. THE PERMANENT
ENDOWMENT
FUND 2021 2020
2000 f000
Opening
market value
247 217
Net gains on revaluation 43 30
Closing market value at 31 August 290 247
Historic cost at 31 August 160 150
6b. ENDOWED FUNDS 2021 2020
Prize Fund 2000 EOOO
Opening
market value
29
Net gains on revaluation 1
Closing market value at 31 August 30
Histodc cost at 31 August 20
6c. FIXED ASSET INVESTMENTS INVESTMENTS (Unlisted) 2021 2020
FOOO EOOO
Restated
RGSW Holdings Limited (100% dormant)

7a. DEBTORS 2021 2020
2000 2000
Tuition fees and extras 473 467
Sundry debtors 42 95
Amounts
due from associated
undertaking 2,406 309
Pre payments 407 289
3,326 1,160
7b. OTHER CURRENT ASSETS 2021 2020
2000 2000
Cash at Bank and in Hand 1,441 846
Short Term Deposits 3,750 3,000
5,191 3,846
Ba. CREDITORS: Due within one year 2021 2020
2000 f000
Bank Loan (Note 14) 2,000
Fees received in advance 1,467 1,660
Registration
Deposits
156 148
Trade Creditors 633 499
Social Security 5Other Taxes 214 191
Pension deficit funding liability (note 12c) 113 114
Other Creditors 242 nnn
CCC.
Accruals 110 129
4,935 2,963

CREDIT ORS: Due after more than one y ear (excluding
pension
liability)
Accrued liabilities
in respect offees received
in advance: 2021 2020
2000 2000
Within 2 to 5years 931 506
Within
1
to 2 years 419 248
1,360 754
Within
1
year 1,466 1,660
Balance at 31 August 2,816 2,414
The movements
during the year were:
Balance at 1 September 2,414 1,653
Net cash movement 1,715 2,418
4,129 4,071
Amounts utilised
in fee payment
(1,313) (1,657)
Balance at 31 August 2,816 2,414

NOTES TO THE ACCOUNTS F
9.
RESERVES
OR YEAR ENDED 31August 20 21
Balance at 1 Incoming Resources Investment Balance at 31
September Resource Expended 9alns August 2021
Endowment
Funds
2020
2000s
t300s 2000s geoos
The Permanent
Endowment
217 38
Fund
Prize Funds 30 35
247 43 290
Restricted
Funds
Alumni
Bursary
15 27 (15) 27
Debating 1 1
Dodderhill 5 (3) 2
Drawings/Pictures 1 1
Alumni
support
4
Gardening
Club
1
Myiton &Blasson Prize Fund (2) 0
Ciaines Physics Prize 3
Rugby Auction 3
Tennis Sponsorship
RGSW 8 AOS Foundation 75 P5) 0
Bursaries
RGSW 5AOS Foundation- (41)
Hardship
Fund
Debating Boards 3 (3) 0
RGS PTA Land Rover
RGS PTA Hockey Boards 3 0
43 (142) 51
Unrestricted
Funds
General Reserves 23,534 16,819 (16,303) 24,050

Balance at 1 Incoming Resources Investment Investment Balance at 31 Balance at 31 Balance at 31
September Resources Expended gains August
Summary of Funds 2020 2021
2000s 2000s 2000s 2000s 2000s
Endowment Funds 247 290
Restricted Funds 43 150 (142) 51
Unrestricted Funds 23,534 16,819 (16,303) 24,050
23,824 16,969 (16,445) 24,391
Endowment Funds:
The Endowment
Funds
represent
the invested
endowments ofthe School. The Permanent Endowment is listed
in
the Scheme for Charity 527527 ofwhich the Company
is the
Trustee, plus the Mytton &Blasson Prize Fund. The
Restricted Funds include monies from alumni for specific projects, including
funds
received for Bursary support.

RES ERVES(PRIOR YEAR)
Balance at 1
September
incoming
Resource
Resources
Expended
Investment
gains
Balance at 31
August 2020
Endowment
Funds
2019
2000s
2000s 2000s 2000e 6$0s
The Permanent Endowment 212 217
Fund
Prize Funds 30
241 247
Restricted
Funds
Alumni
Bursary
A (2)
Alumni
Bursary
B 13 (14) 15
Debating
Dodderhill (2)
Drawings/Pictures
Alumni
support
23 (19)
Gardening
Club
Mytton
&Blasson Prize Fund
Claines Physics Prize
Rugby Auction (2)
Tennis Sponsorship
Sundry &2500 (1)
RGS and AOS Foundation (33)
Bursadas
RGS and AOS Foundation (38)
Hardship
Fund
Dodderhili
PTA
(Library) (2)
Debating Society 3
RGS PTA Photography
RGS PTA Land Rover
93 (114) 43
Unrestricted
Funds
General Reserves 15,574 (15,433) 23,534

Balance at 1 Incoming Resources Investment Balance at 31
September Resources Expended gains August
Summary of Funds 2019 2020
2000s 2000s 2000s 2000s 2000s
Restated Restated
Endowment Funds 241 247
Restricted Funds (114)
Unrestricted Funds 23293 15,674 (15,433) 23,534
23,598 15,767 (15,547) 23,824

10. ANALYSIS O F NET ASSETS BETWEEN FUN DS
The Net Assets Tangible Intangible Net Long
are Funded as Fixed Fixed Investments Current Term 2021 2020
follows: Assets Assets Assets Liabilities Total Total
2000 2000 2000 2000 2000 2000 F000
Unrestricted
Funds 22,235 3,556 (1,790) 24,050 23,534
Restricted
Funds 51 51 43
Endowment 290 290 247
Funds
22,235 48 291 3,607 (1,790) 24,391 23,824
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS (PRIOR YEAR)
The Net Assets Tangible Intangible Net
are Funded as Fixed Fixed Investments Current Long Term 2020
follows: Assets Assets Assets Liabilities Total
EOOO 2000 2000 2000 2000 2000
Unrestricted
Funds 22,826 81 2,036 (1,409) 23,534
Restricted
Funds 43 43
Endowment 247 247
Funds
22,826 81 247 2,079 (1,409) 23,824