2020-08-31-accounts - Barnard Castle School

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				Page
Reference and Administrative		Details ofthe Charity, its Governors	and Advisers	1-2
Chairman's Statement
Governors' Report				4- 17
Governors' Responsibilities		Statement		18
Independent Auditors'	Report on the Financial Statements			19-21
Statement of Financial	Activities			22-23
Balance Sheet				24
Statement ofCash Flows				25
Notes to the Financial	Statements			26-51

					Unrestricted	Restricted	Endowment	Total	Total
					funds	funds	funds	funds	funds
				Note	2020f	2020 f	2020 6	2020 f	2019 f
Income and
endowments		from:
Donations and		legacies		3	115,493			115,493	1,015,781
Charitable activities:				6
School fees					9,743,036			9,743,036	9,910,290
Other income					24,809			24,809	67,599
Cost of providing
school buses					(18,719)			(18,719)	(11,993)
Remissions					(1,874,633)	(13,018)		(1,887,651)	(1,077,734)
Other trading	activities				2,369			2,369	77,604
Investments					6,942	5,828		12,770	8,534
Government	grants				487,482			487,482
Total					8,486,779	(7,190)		8,479,589	9,990,081
Expenditure	on:
Raising funds					530	3,499		4,029	29,572
Charitable activities:
Welfare					720,571			720,571	843,664
Premises					2,159,080			2,159,080	2,206,857
Teaching					5,408,564			5,408,564	5,305,977
Other charitable
activities					880,021	5,347		885,368	986,730
Total					9,168,766	8,846		9,177,612	9,372,800
Net gains/(losses)			on
investments						(9,668)		(9,668)	12,273
Net income/
(expenditure)					(681,987)	(25,704)		(707,691)	629,554
Transfers between
funds				23	13,018	(13,018)
Net movement		in
funds before	other
recognised
gains/(losses) forward		carried			(668,969)	(38,722)		(707,691)	629,554

		FOR THE YEA	R ENDED 31A	UGUST 2020
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	funds	funds
	Note	2020 f.	2020 f	2020 6	2020 F	2019 f
Net movement in
funds before other
recognised losses broughtforward		(668,969)	(38,722)		(707,691)	629,554
Other recognised
gains/(losses):
Actuarial (losses)/gains
on defined benefit
pension schemes	28	(280,000)			(280,000)	(530,000)
Net movement in funds		(948,969)	(38,722)		(987,691)	99,554
ReconciTiation of
funds:
Total funds brought forward		8,220,957	707,342	45,875	8,974,174	8,874,620
Net movement in funds		(948,969)	(38,722)		(987,691)	99,554
Total funds carried forward		7,271,988	668,620	45,875	7,986,483	8,974,174

					Note		2020f		2019 6
Fixed assets
Intangible assets					13		690		4,515
Tangible assets					14		10,306,653		10,407,546
Investments					15		530,786		547,749
							10,838,129		10,959,810
Current assets
Stocks					16	81,385		68,948
Debtors					17	532,612		1,376,961
Cash at bank and	in hand					1,031,353		625,430
						1,645,350		2,071,339
Creditors: amounts	falling		due within one
year					18	(2,832,223)		(2,529,790)
Net current liabilities							(1,186,873)		(458,451)
Total assets less	current		liabilities				9,651,256		10,501,359
Creditors: amounts	falling		due after more
than one year							(724,773)		(807,185)
Net assets excluding		pension		liability			8,926,483		9,694,174
Defined benefit pension		scheme		liability	28		(940,000)		(720,000)
Total net assets							7,986,483		8,974,174
Charity funds
Endowment funds					23		45,875		45,875
Restricted funds					23		668,620		707,342
Unrestricted funds					23		7,271,988		8,220,957
Total funds							7,986,483		8,974,174

			STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
		FOR	THE	YEAR ENDED 31 AUGUST	2020
					Note	2020f	2019f
Cash flows from operating		activities
Net cash used in operating	activities				25	1,142,047	64,357
Cash flows from investing		activities
Proceeds from the disposal		oftangible	fixed	assets			5,035
Purchase oftangible fixed assets						(640,852)	(458,221)
Proceeds from sale of investments						51,134	32,574
Purchase of investments						(52,694)	(27,548)
Dividend income						5,828	5,518
Interest received						6,942	3,016
Net cash used in investing		activities				(629,642)	(439,626)
Cash flows from financing		activities
Loan repayments in year						(49,381)	(49,261)
Capital repayments in year						(52,622)	(103,999)
Net cash used in financing		activities				(102,003)	(153,260)
Change in cash and cash		equivalents	in	the year		410,402	(528,529)
Cash and cash equivalents		at the beginning		ofthe year		609,241	1,137,770
Cash and cash equivalents		at the end of		the year	26	1,019,643	609,241
The notes on pages 26 to 51 form part			ofthese financial statements

			NOTES TO THE FINAN FOR THE YEAR ENDE	NOTES TO THE FINAN FOR THE YEAR ENDE	CIAL STATEMENTS D 31 AUGUST 2020
	Income from	donations	and legacies
					Unrestricted	Total	Total
					funds	funds	funds
					2020 6	2020 6	2019f
	Donations				109,993	109,993	115,781
	Legacies				5,500	5,500	900,000
	Total 2020				115,493	115,493	1,015,781
	Total 2019				1,015,781	1,015,781
4.	Income from	other trading		activities
	Income from	fundraising		events
					Unrestricted	Total	Total
					funds	funds	funds
					2020 6	2020f	2019f
	Lettings and	event income			2,369	2,369	77,604
	Total 2020				2,369	2,369	77,604
	Total 2019				77,604	77,604
5.	Investment	income

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020f	2020 6	2020 6	2019 6
Investment	income from listed investments		5,828	5,828	5,518
Deposit account interest		6,942		6,942	3,016
Total 2020		6,942	5,828	12,770	8,534
Total 2019		3,016	5,518	8,534

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020 6	2020	2020 6	2019f
Schoolfees		9,743,036		9,743,036	9,910,290
Otherlncome		24,809		24,809	67,599
Cost of providing	school buses	(18,719)		(18,719)	(11,993)
Remissions		(1,874,633)	(13,018)	(1,887,651)	(1,077,734)
		7,874,493	(13,018)	7,861,475	8,888,162
Total 2019		8,902,112	(13,950)	8,888,162

					Unrestricted	Total	Total
					funds	funds	funds
					2020f	2020f	2019f
Coronavirus	Job	Retention	Scheme	grants	487,482	487,482

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2020f	2020f	2020f	2019f
Lettings and Investment	event costs management	fees	530	3,499	530 3,499	26,164 3,408
			530	3,499	4,029	29,572
Tl2019			26,164	3,408	29,572

	Direct	Support	Total	Total
	costs	costs	funds	funds
	2020f	2020f	2020f	2019
Teaching Premises	5,339,017 1,415,158	69,547 743,922	5,408,564 2,159,080	5,305,977 2,206,857
Welfare	720,571		720,571	831,064
Other	825,495	59,873	885,368	999,330
	8,300,241	873,342	9,173,583	9,343,228
Ttl2019	8,495,197	848,031	9,343,228

						Total	Total
		Teaching	Premises	Welfare	Other	funds	funds
		2020 f	2020 f	2020 6	2020 6	2020 6	2019 6
Pension finance
costs					10,000	10,000	10,000
Staff costs		4,940,524	701,994	454,856	532,132	6,629,506	6,528,408
Teaching
resources		177,540				177,540	238,677
Premises	and
grounds			67,808			67,808	85,057
Rates			67,264			67,264	65,314
Insurance		17,012	72,014			89,026	79,848
Light, heat	and
water			227,748			227,748	226,937
Other teaching
costs		132,281				132,281	151,278
Travel		71,660		1,405		73,065	75,994
Catering				249,019		249,019	330,761
Laundry				7,430		7,430	17,213
Nursing				7,861		7,861	12,828
Cleaning			78,539			78,539	58,447
Maintenance			199,791			199,791	273,164
Marketing	and
development					78,306	78,306	122,320
ITcosts					83,750	83,750	107,886
Administration					81,464	81,464	85,732
Recruitment					14,867	14,867	9,304
Bad debts					24,976	24,976	16,029
		5,339,017	1,415,158	720,571	825,495	8,300,241	8,495,197
Total 2019		5,305,977	1,494,960	831,064	863,196	8,495,197

				Total	Total
	Governance	Premises	Finance	funds	funds
	2020 6	2020f	2020f	2020 6	2019 f.
Depreciation and amortisation		711,932		711,932	711,699
Loss/(profit) on disposal of assets		31,990		31,990	198
Bank charges			25,679	25,679	15,644
Bank interest			7,323	7,323	9,202
Leasing interest			26,871	26,871	32,274
Governance costs	69,547			69,547	79,014
	69,547	743,922	59,873	873,342	848,031
Total 2019	30,780	711,897	105,354	848,031
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
				2020f	2019f
Auditors' remuneration				10,500	11,250
Depreciation —owned assets				658,441	654,250
Depreciation -assets on finance	lease			49,666	49,666
Deficit on disposal offixed asset				31,990	198
Computer software amortisation				3,825	7,783
Operating lease payments				76,412	73,254

	2020	2019
	6	6
Wages and salaries	5,142,832	5,185,261
Social security costs	477,401	492,133
Other pension costs	1,009,273	851,014
	6,629,506	6,528,408

	2020	2019
	No.	No.
Teaching	117	119
Support	18	14
Welfare	28	29
Premises	37	38
	200	200

2020	2019
No.	No.

	NOTES TO THE FINANCIAL S FOR THE YEAR ENDED 31A	TATEMENTS UGUST 2020
13.	Intangible assets
		Computer
		softwaref
	Cost
	At 1 September 2019	67,697
	Disposals	(32,363)
	At 31 August 2020	35,334
	Amortisation
	At 1 September 2019	63,182
	Charge for the year	3,825
	On disposals	(32,363)
	At 31 August 2020
	Net book value
	At 31 August 2020	690
	At 31 August 2019	4,515

	Freehold	Plant and	Fixtures and	Motor	Computer
	property 6	machinery f	fittings 6	vehiclesf	equipment 6	Total 6
Cost orvaluation
At 1 September 2019	14,280,127	1,015,714	2,453,495	13,926	354,087	18,117,349
Additions	16,684		145,817	7,095	471,256	640,852
Disposals	(177,711)		(420,372)	(2,400)	(67,544)	(668,027)
At 31August 2020	14,119,100	1,015,714	2,178,940	18,621	757,799	18,090,174
Depreciation
At 1 September 2019	5,354,234	132,872	1,976,759	4,697	241,241	7,709,803
Charge for the year	448,101	50,786	148,305	5,004	55,911	708,107
On disposals	(151,557)	-	(419,667)	(2,300)	(60,865)	(634,389)
At 31 August 2020	5,650,778	183,658	1,705,397	7,401	236,287	7,783,521
Net book value
At 31 August 2020	8,468,322	832,056	473,543	11,220	521,512	10,306,653
At 31 August 2019	8,925,893	882,842	476,736	9,229	112,846	10,407,546

		NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31AUGUST 2020
	Fixed assets, included	in the above, which are held under finance leases are as follows:
		Plant and
		machinery
		2020f	2019f
	Cost
	At 1 September	993,321	993,321
	Additions
		993,321	993,321
	Depreciation
	At 1 September	132,294	82,628
	Charge for year	49,666	49,666
		181,960	132,294
	Net book value
	At 31 August	811,361	861,027
15.	Fixed asset investments
			Listed
			investments
			6
	Cost or valuation
	At 1 September 2019		547,749
	Additions		52,694
	Disposals		(51,134)
	Revaluations		(18,523)
	At 31August 2020		530,786
	Net book value
	At 31August 2020		530,786
	At 31 August 2019		547,749

16.	Stocks
							2020	2019
	Stocks						81,385	68,948
17.	Debtors
							2020 f	2019 f
	Due within one year
	Trade debtors						170,732	161,807
	Other debtors						1,613
	Prepayments	and	accrued income				360,267	1,215,154
							532,612	1,376,961
18.	Creditors: Amounts			falling due		within one year
							2020	2019
							5	6
	Bank loans and overdrafts (see note 20)						49,124	49,812
	Trade creditors						715,327	638,784
	Other taxation	and	social security				594,584	224,661
	Finance lease	(see note			21)		100,983	109,930
	Other creditors						227,669	114,405
	Accruals and deferred			income			1,144,536	1,392,198
							2,832,223	2,529,790
							2020 5	2019f
	Deferred income
	Deferred income at 1			September		2019	1,313,752	1,219,291
	Resources deferred		during the year				1,075,026	1,313,752
	Amounts released		from previous			periods	(1,313,752)	(1,219,291)
							1,075,026	1,313,752

				2020f	2019f
	Bank loans (see note 20)			160,069	208,762
	Finance lease (see note 21)			370,089	413,764
	Other creditors			194,615	184,659
				724,773	807,185
20.	Loans
	An analysis ofthe maturity	of	loans is given below:
				2020 f	2019 f
	Amounts falling due within Bank loans	one year on demand:		49,124	49,812
	Amounts falling between Bank loans - 1-2 years	one	and two years:	49,124	49,124
	Amounts falling due between Bank loans -2-5 years		two and five years.	110,945	147,372
	Amounts falling due in more than five years:
	Repayable by instalments: Bank loans more 5 years				12,266

		Finance
		lease
		2020	2019
		8	E
Net obligations	repayable:
Within one year		100,983	109,930
Between one and	five years	370,089	413,764
In more than five	years
		471,072	523,694

		2020f	2019f
Within one year		57,097	70,934
Between one and five years		67,581	122,359
		124,678	193,293
Secured debts
The following secured debts are included	within creditors:
		2020 6	2019f
Bank loans		209,193	258,574
Finance leases		471,072	523,694
		680,265	782,268

Statement offunds	Statement offunds
Statement offunds - current year
	Balance at 1					Balance at
	September			Transfers	Gains/	31 August
	2019	income	Expenditure	in/out	(Losses)	2020
	8	6	8	8	6	8
Unrestricted
funds
Revenue
reserve	7,320,957	8,486,779	(9,168,766)	313,018	(280,000)	6,671,988
Designated
Funds	900,000			(300,000)		600,000
	8,220,957	8,486,779	(9,168,766)	13,018	(280,000)	7,271,988
Endowment
funds
Foundation
endowment	45,875					45,875
Restricted
funds
Barnard Castle
School Prize &
Scholarship Fund	499,685	(7,190)	(3,499)		(9,668)	479,328
Hearnshaw
Legacy	113,004			(13,018)		99,986
Science Centre
Donation	94,653		(5,347)			89,306
	707,342	(7,190)	(8,846)	(13,018)	(9,668)	668,620
Total offunds	8,974,174	8,479,589	(9,177,612)		(289,668)	7,986,483

Statement offunds (continued)	Statement offunds (continued)
Statement offunds - prior year
	Balance at					Balance at
	1 September			Transfers	Gains/	31 August
	2018	Income 6	Expenditure	in/outf	(Losses) 6	2019 6
Unrestricted
funds
Revenue
reserve	8,102,539	9,998,513	(9,364,045)	(886,050)	(530,000)	7,320,957
Designated
Funds				900,000		900,000
	8,102,539	9,998,513	(9,364,045)	13,950	(530,000)	8,220,957
Endowment
funds
Foundation
endowment	45,875					45,875
Restricted
funds
Barnard Castle
School Prize &
Scholarship
Fund	499,252	(8,432)	(3,408)		12,273	499,685
Heamshaw
Legacy	126,954			(13,950)		113,004
Science Centre
Donation	100,000		(5,347)			94,653
	726,206	(8,432)	(8,755)	(13,950)	12,273	707,342
Total offunds	8,874,620	9,990,081	(9,372,800)		(517,727)	8,974,174

Analysis	ofnet assets between funds -	prior period
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2019 f.	2019	2019f	2019f
Tangible	fixed assets	10,271,930	89,741	45,875	10,407,546
Intangible	fixed assets	4,515			4,515
Fixed asset investments		16,963	530,786		547,749
Current assets		2,001,487	69,852		2,071,339
Creditors	due within one year	(2,529,790)			(2,529,790)
Creditors	due in more than one year	(807,185)			(807,185)
Provisions	for liabilities and charges	(720,000)			(720,000)
Other unallocated		(16,963)	16,963
Total		8,220,957	707,342	45,875	8,974,174

							2020f	2019f
Net income/expenditure		for the	period	(as per	Statement	of Financial
Activities)							(707,691)	629,554
Adjustments for:
Depreciation charges							711,932	711,699
Losses/(gain) on investments							9,668	(12,273)
Interest received							(6,942)	(3,016)
Loss on the sale of	fixed assets						31,990	198
Increase in stocks							(12,437)	(24,878)
Decrease/(increase)	in debtors						844,349	(926,482)
Increase/(decrease)	in creditors						337,006	(274,927)
Dividend income							(5,828)	(5,518)
Pension liability adjustment							(60,000)	(30,000)
Net cash provided	by operating		activities				1,142,047	64,357

26.	Analysis ofcash and	cash equivalents
			2020	2019f
	Cash in hand		1,019,643	609,241
	Total cash and cash	equivalents	1,019,643	609,241
27.	Analysis ofchanges	in net debt

		At 1
		September		At 31 August
		2019	Cash flows	2020
		f	6	f
Cash at bank and in hand		625,430	405,923	1,031,353
Debt due within	1 year	(49,812)	688	(49,124)
Debt due after 1 year		(208,762)	48,693	(160,069)
Finance leases		(523,694)	52,622	(471,072)
		(156,838)	507,926	351,088

Principal actuarial assumption	s at the Balance Sheet da	te (expressed as weighted averages)	:
		At 31 August	At 31 August
		2020	2019
		0/	0/
Discount rate		1.6	1.8
Future salary increases		3.4	3.6
Future pension increases RPI inflation		2.4 3.0	2.1 3.1
CPI inflation		2.4	2.1
Pension accounts revaluation	rate	2.4	2.1
		At 31 August	At 31 August
		2020	2019
		Years	Years
Mortality rates (in years)
-for a male aged 65 now		22.2	22.3
-at 65for a male aged 45 now		23.2	24.0
-for a female aged 65 now		24.2	23.8
-at 65for a female aged 45	now	25.7	25.7

The charity's	The charity's	share ofthe assets
			At 31 August	At 31 August
			2020 f	2019 f
Equities			4,290,000	4,280,000
Property			620,000	610,000
Government		bonds	2,070,000	2,180,000
Corporate	bonds		1,270,000	990,000
Cash			420,000	420,000
Total fair	value ofassets		8,670,000	8,480,000

			2020f	2019f
Current service cost			170,000	150,000
Past service cost				80,000
Interest income			(150,000)	(210,000)
Interest cost			160,000	220,000
Total amount recognised	in the Statement ofFinancial Activities		180,000	240,000
Movements in the present	value of the defined benefit obligation	were as	follows:
			2020f	2019f
Opening defined benefit obligation			9,200,000	7,780,000
Interest cost			160,000	220,000
Contributions by scheme participants			20,000	30,000
Actuarial losses			280,000	1,130,000
Benefits paid			(220,000)	(190,000)
Past service costs				80,000
Current service cost			170,000	150,000
Closing defined benefit obligation			9,610,000	9,200,000
Movements in the fair value	ofthe charity's share ofscheme assets were		as follows:
			2020f	2019
Opening fair value ofscheme assets			8,480,000	7,560,000
Expected return on assets			150,000	210,000
Actuarial gains				600,000
Contributions by employer			240,000	270,000
Contributions by scheme participants			20,000	30,000
Benefits paid			(220,000)	(190,000)
Closing fair value ofscheme assets			8,670,000	8,480,000