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|---|---|
|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|
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|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||||
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|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|
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##
|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|
##
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