2022-08-31-accounts - Royal Grammar School Worcester

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Index		Page
Governors' Report		I-4
Strategic Report		5-19
Auditor's Report		20-22
Statement of Financial	Activities	23-24
Balance Sheet		25
Cash Row Statement		26
Notes to the Accounts		27-44

(including the Income 5Expenditure ac	count)
	Note	Unrestricted	Restricted	Endowed	2022	2021
		Funds	Funds	Funds	Total	Total
		2000	2000	2000	2000	2000
INCOMING RESOURCES
Income from Charitable Activities:
School fees		18,641			18,641	16,370
Other educational activities	2.	19			19	18
Other ancillary activities	2.	904			904	184
Other Income:
Other incoming resources investment income:	2, 2.	184 9	1		184 10	227 13
Voluntary income:	2.	3	97		100	l47
Total Incoming Resources		19760			19,858	16,969
EXPENDITURE ON:
Raising Funds;
Fundraising Costs						81
Charitable Activities:
School		19,064	108		19,172	16,364
Total Expenditure		19,172	108		19,280	16445
NET INCOMING			(10)		578	524
FUNDS FROM OPERATIONS
BEFORETRANSFERS
investment gains				(13)	(13)
NET MOVEMENT IN FUNDS			(10)	(13)		567
Fund balances at I September		24,050	51	290	24,391	23,824
Fund balances at 31 August		24,638	41	277	24,956	24,391
All operations are continuing.

(including the Income & Expenditure a	ccount)
	Note	Unrestricted	Restricted	Endowed	2021
		Funds	Funds	Funds	Total
		2000	EOOO	8000	2000
INCOMING RESOURCES
Income from Chadtable ActiVities; School fees Other educational activities Other ancillary activities	2. 2.	16,370 18 194			16,370 18 194
Other Income:
Other incoming resources Investment income:	2. 2.	10			227 13
Voluntary income:	2.		147		147
Total incoming Resources		16,819	150		16,969
EXPENDITURE ON:
Raising Funds: Fundraising Costs		81			81
Charitable Activities: School		16,222	142		16,364
Total Expenditure		16,303	142		16,445
NET INCOMING		516
FUNDS FROM OPERATIONS
BEFORETRANSFERS
Investment gains					43
NET MOVEMENT IN FUNDS		516
Fund balances at 1 September		23,534		247	23,824
Fund balances at 31 August		24,050	51	290	24,391
All operations are continuing.

			Note				2021
							2000
FIXEDASSETS
Intangible Assets for Operational		Use	5a.	28		48
Tangible Assets for Operational		Use	5b.	21,927		22,235
Investments —COIF			6a&b.	277		290
Investments in Subsidiary			6c.	1
					22233		22,574
CURRENT ASSETS
Debtoi's			7a,	3,720		3,328
Stock				21		23
Cash at bank and in hand			7b.	1,688		1,441
Short term deposits			7b.	2,600		3,750
					7,928		8,542
CREDITORS: Due within one		year	Sa.		(3,712)		(4,931)
NET CURRENT ASSETS					4,217		3,611
TOTAL ASSETSless	NET CURRENT				26,460		26,185
LIABILITIES
CREDITORS: Due after more		than one year
Pension deficit funding	liability		12c,	(238)		(440)
Fees reoeived in advance			8b.	(1,266)		(1,354)
					(1,484)		(1,794)
TOTAL NETASSETS					24,856		24,391
Endowed Funds			9	277			290
Restricted Funds			9	41			51
Unrestricted Funds			9	24,638			24,050
							24,391

THE ROYAL GRAMMAR CASH FLOW STATEMEN	SCHOOL W T FOR YEA	ORCESTER R ENDED 31	A	ugust
						2022		2021
						2000		2000
Cash flows from operating activities
Net cash provided by operating activities						(72)		1,966
Cash flows from investing activities
Divdends and interest from	investments						10
Proceeds from the sale offixed assets
Purchase of intangible fixed	assets
Purchase oftangible fixed assets					(962)		(653)
Net cash used in investing	activities					(931)		(643)
Change in cash and cash en'iitlernents		in the reporting	period			(1,003)		1,345
Total cash and non-cash movements						(1,003)		1,345
Cash and cash equivalents	at the start	ofthe year				5,191		3,646
Cash and cash equivalents	at the end ofthe reporting		period			4,188		5,191
A. Reconciliation ofcash flows from the operating				activiTies
Net income for the year						565		567
Depreciation and amortisation charges						1,289		1,276
Dividends from investments						(9)		(10)
Decrease in stock						2		12
Increase in debtors						(392)		(2,168)
Decrease in creditors						701		569
CBILBank loan						(2,000)		2,000
Decrease in pension deficit	funding					(241)		(216)
Investment losses/(profiits)						13		(43)
Loss on sale offixed assets
						(72)		I,968
Analysis ofcash and cash equivalents
Cash in hand						1,688		1,441
Short term deposits						2,500		3,750
						4,188		5,191

NO	TES TO THE ACCO	UNTS FOR	YEAR ENDED 31August 202	2
1.	SCHOOL FEES			2022 EOOO	2021 E000
	Gross Tuition Fees Pupil Wnches Other Fees			20,072 329 372	17,861 230 315
	Gross Fes Income			20,773	18,406
	Less: Scholarships,	Bursaries and other Remissions		(2,132)	(2,036)
	Net Fees			18,641	16,370
				2022	2021
				2000	E000
2.	OTHER INCOME
	Other educational Registration Fees	charitable	activities		18
	Other ancillary activities RGSThe Grange Shuttle Bus School Trips			62 836	27 167
	Baby and Toddler Groups
					194
	Other incoming resources Counselling recovery Lettings			38 82	29
	Sale of Fixed Assets	—Boat and	Minibus
	Solar FIT
	HMRC CJRS Grants				70
	Miscellaneous			33	70
					227
	Investment Income
	Bank interest
	Permanent Endowment Income
	Mytton and Blasson	interest
				10	13
	Voluntary income Donations Grants from the RGSW &AOS		Foundation	94	31 116
	Legacies
					147

							Staff	Staff	Other	Other	Depreciation	&	2022	2021
							Costs				Amortisation		Total	Total
							EOOO				2000		OOOO	EOOO
Costs of	generating		voluntai			y		74		27		7	108	61
income
Charitable		Activities
Teaching	Costs						10,298			601	423		11,322	10,471
Welfare							403			804		14	1,221	764
Premises							662		2,092		795		3,549	2,966
Support	Costs ofSchon ing						1,347		1,217			42	2,606	t,622
Marketing		and Advertising					244			223		7	474	319
							12,954		4,937		1,281		19,172	l6,364
Tota Resources Expended							13,028		4,964				19,280	16,446
Staff Casts													2022	202'I
													EOOD	EOOD
Wages &Saaries													10,008	6,760
Social Security Costs													978	621
Pension	Contributions												1,825	1,643
Training	&	Expenses											52	39
Other Costs													165	226
													13,028	11,479
The average numbers				of full		time	equivalent	employees		in the year			2022	202 I
were;
Teachers													179	145
Others													134	104
													313	249
The total	headcaunt			was 343(2020:336)
The number of employees					whose		emoluments		exceeded E60,000				2022	2021
were:
E60,001	-	E70,000											4	3
E70,001	—E60,000												3	4
EB0,001	-	E90,000											2
E90,001	—E100,000
E100,001		- E110,000
E110,001		- E120,000
Et20,001		- E130,000
E130,001		—Et40,000
E150,001		- E160,000
													10

RESOURCES EXPENDED (continued)	RESOURCES EXPENDED (continued)
								2022	2021
								BSO	2000
Remuneration of key personnel	including	Employers'		National	Insurance		and
Employer's Pension contributions Principal Officers)	(considered		to be	the Governors		and		627	529

TANGIBLE FIXED	TANGIBLE FIXED	Freehold	Freehold	Fixtures		Grounds	Total
ASSETS		Land	Buildings	Fittings &	Equ	ipment &
				Equipment		Motor
						Vehicles
						8000	6000
Cost
At I September Additions	2021	496	28,470 112	6,468 790			35,962 962
Disposals				(13)			(13)
At 31 August 2022			28,582	7,245		608
Depreciation At 1 September	2021		6,568	4,720		459	13,747
Charge for year			571	662		36	1269
Disposals				(12)			(12)
At 31 August 2022			9,139	5,370			15,004
Net BookAmount
At 31 August 2022		495	19,443	1,875		113	21,927
Af 1 September	2021	496	19,902	L748		Bg	22,235

tL	FIXEDASSET INVESTMENTS (UK	Listed)
Sa.	THE PERMANENT ENDOWMENT	FUND	2021 2000
	Opening market value Net (losses)/gains on revaluation		217 38
	Closing market value at 31 August
	Historic cost at 31 August

Sb.	ENDOWED FUNDS Prize Fund	202 I 2000
	Opening market value Net (losses)/gains on revaluation	30 5
	Closing market value at 31 August	35
	Historic cost at 31 August	20

Sc.	FIXED	ASSET	INVESTMENTS (Unlisted)	2022	2021 2000
	RGSW	Holdings	Limited (100%dormant)

7a.	DEBTORS				2022	2021
					2000	2000
	Tuition fees and extras				630	473
	Sundry debtors				63	42
	Amounts due from associated			undertaking	2,528	2,406
	Prepayments				499	407
					3,720	3,328
7I).	OTHER CURRENT ASSETS				2022	2021
					2000	2000
	Cash at Bank and in Hand				1,688	l,44 I
	Short Term Deposits				2,500	3,750
					4,188	5,191
Sa.	CREDITORS:	Due within one year			2022	2021
					2000	2000
	Bank Loan (Note 14)					2,000
	Fees received	in advance			1,734	1,463
	Registration Deposits				162	'I56
	Trade Creditors				972	633
	Social Security	&Other	Taxes		241	214
	Pension deficit	funding	liability	(note 12c)	74	l13
	Other Creditors				443	242
	Accruals				86	I10
					3,712	4,93 I

CREDIT	ORS: Due after more than one y	ear (excluding pension	liability)
Accrued	liabilities in respect of fees received	in advance:	2022 8000	2021 2000
&5years Within 2 Within 1	to 5years to 2 years		168 651	133 470 751
			1,256	1,354
Within 1	year		1,734	1,462
Balance	at 31 August		2,990	2,816
The movements dudng the year were:
Balance Net cash	at 1 September movement		2,816 1,882	2,414 1,715
			4,698	4,129
Amounts	utilised in fes payment		(1,708)	(1,313)
Balance	at 31August		2,990	2,816

NOTES TO THE ACCOUNTS F	NOTES TO THE ACCOUNTS F	OR YEAR END	ED	31August 20	22
9. RESERVES
		Balance at	1	Incoming	Resources	Investment	Balance at 31
		September		Resource	Expended	losses	August 2022
Endowment Funds		2021 BIOOs					2000s
The Permanent Endowment
Fund
Prize Funds						(2)
		290				(13)	277
Restricted Funds
Alumni Bursary		27			(9)		18
Debating			1
Dud derhil		2			(2)
Drawings/Pictures
Alumni support							4
Gardening Club							1
Mytton 8 Blasson	Prize Fund
Claines Physics Prize
Rugby Auction
Tennis Sponsorship
RGSW 5AOS Foundation					(94)
Bursaries
RGSW 3ACS Foundation—			3
Hardship Fund
RGS PTA Land Rover
RGS PTA HocKey	Boards
The Wareing Cup
James Kimberley	Prize
		51			(108)		41
Unrestdoted Funds
General Reserves		24,050		19,760	(19,172)		24,638

	RESERVE	S(continued)
Bummsry	cf Funds	Balance at 1 September 2021 2000s	Incoming Resources 2000s	Resources Expended 2000s	Investment losses 6000s	Balance at31 August 2022 6000s
Endowment Restricted Unrestricted	Funds Funds Funds	290 61 24,060	98 19,760	(106) (19,172)	(13)	277 41 24,636
		2~1	19,668	(19/80)	(13)

			Balance at 1	Incoming	Resources	Investment	Balance at 31
Endowment Funds			September 2220 f000s	Resource f000s	Expended 2000s	gains 2000s	August 2021 2000s
The Permanent Endowment		Fund	217
Prize Funds			30
			247
Restricted Funds
Alumni Bursary			15		(15)		27
Debating Dodderhill			5				1 2
Drawings/Pictures Alumni support			4				'I 4
Gardening Club Mytton & Blasson Prize Fund Clalnes Physics Prize Rugby Auction			1 1 3 3		(2)		1 0 3 3
Tennis Sponsorship			5
RGSW &AOS Foundation	Surmise			75	(75)
RGSW &AQS Foundation	-	Hardship			(41)
Fund
Debatbg Boards			3		(3)
RGS PTA Latd Rover			1
RGS PTA Hockey Boards					(8)
					(142)		51
Unrestricted Funds
General Reserves			28,534	18,819	('IB,303)		24,050

0.	RESERVE	S (PRIOR YEAR) (conti	nued)
Summary	of Funds	Balance at 1 September 2020 MOOs	Inoomlag Resources 2000s	Resources Expended MOOs	Invastmerit galas MOOs	Balance at31 August 2021 MOOs
Endowment	Funds	247
Restricted	Funds		100	(142)
Unrestricted	Funds		16,819	(16,303)
		23,824	10,909	(16,440)		24,301

10. ANALYSIS O	F NET ASSETS	BETWEEN FUN	DS
The lset Assets	Tangible	Intangible	Investments	Nst current	Long term	2022	2021
are Funded as	Fixed Assets	Fixed Assets		Assets	Liabilities	Total	Total
follows:	2000	0000	2000	FOOD	2000	2000	2000
Unrestricted Funds	21,927				(1,460)	24,638	24,050
Restricted Funds				41		41	51
Endowment Funds						277	290
	21,927		278	4,183	(1,460)	24,956	24,391

The Net Assets	The Net Assets	Tangible	Intangible	Investments	Nat current	Long term	2m2	2021
are Funded es		Fixed Assets	Fixed Assets		Assets	Liabilities	Total	Total
follows.'		0000	2000	2000	2000	2000	2000	EQQQ
Unrestricted	Funds	22,235			3,556	(1,790)	24,050	23,534
Restricted	Funds				51		51	43
Endowment	Funds						290	247
					3,607	(1,790)	24,391	23,824