Alleyn's School Financial Statements For the year ended 31" July 2020 Compony number Q9401357 Registered Chority Number.. 1161864 fCon501idoting Registered Chority Numbers." 1161864-1. 1161864-2. 1161864-3 and 11618644)
ALLEYN'S SCHOOL YEAR ENDED 31" JULY 2020 coKrENTS Introduction from the Chair of Governors and Interim Headmaster Financial Information about BurrieS io Annual Report of the Governors li Independent Auditor's Report to the Members of Alleyn's School 35 Group Statement of Flnancial Activities 38 Balance Sheets 39 Group Cash Flow Statement 40 Notes to the Financial Statements 41
ALLEYN'S SCHOOL YEAR ENDED 31" JULY 2020 GOVERNORS Governors who ser¥ed during the year and to the date the report and accounts are signed were: Mr l Barbour BSC (Econl ACIB'- # A (Chairl Prof F Bowen-Rayner Bsc MBBS PhD FRCP #- (Vice Chairl Mr M Bishop MA (Oxonl MBA# Dr M Campbell 8Vet Med IHonsl BA (Oxonl MA (Keelel PhD Dip ECAR MRCVS # Mr C Barclay Bsc (Hon51 FRA5 FRSA ACIEA # (appointed on l August 2019) Mr l LIIty 8A (Honsl PGCE # Mrs L Malkin BA Mr R Pinckard BSC (Econl FCA' M5JScottBAMA# Ms M Terry LLB IHonsl ' Mrs H Thomas-Feeney MA (Oxonl . {appointed on l August 20191 Mr P Yetzes BA JP' indicates member of the Finance and General purpo Committee.
indicates member of the Education Committee.
indicates member of the strategy and Governan Commtttee. indicates member of the Nominatlons Committee. Ms TTribius and Mr K Douglas retired from the Goveming Board on 5 December 2019 and 31 July 2020 Spel¥ely. Mrs D Barratt joined the Governing Board on l August 2020. SENIOR OFFICERS Headmaster Dr G SavaBe MA (Cantabl Pho FRSA* Bursar Mr S Born BA (Honsl Director of Finance Mrs C Morgan 8Sc (Honsl FCA Clerk to the Governors Mrs M McGre8or LLB * In August 2020, Dr Savage left as Headmaster and IAr Anth¥ Sklnnard beca[ the Interim Headmaster untll 31 Oecember 2020. On l January 2021. Mr5 Jane Lunnon will become Head of Alleyn's School.
ALLEYN'S SCHOOL YEAR ENDED 31" JULY 2020 ADMISTRATIVE DETAILS Registered Charity Number 1161864 Company Number 09401357 Registered Address Alleyn's School Townley Road Dulwich London SE22 85U 0208 557 1500 PRINCIPAL ADVISERS Investment Advisers CCL4 Senator House 85 Queen Wictoria Street London EC4V 4ET Independent Auditors haysmacInty LLP 10 Queen Street Place London EC4R IAG Bankers Barclays Bank pl¢ I Churchill Place Canary Wharf London E14 5HP Solicitors Goodman Oerrick LLP 10 St Bride Street London EC4A 4AD Farrer & Co 66 Lincoln's Inn Fièlds London WC2A 3LH
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31ST JULY 2020 INTRODUCTION FROM THE CHAIR OF GOVERNORS AND INTERIM HEADMASTER A picture can say more than words sometimes and these photos taken at the beginning and end of this academic year show how very different things became not just at Alleyn's and for its community, but for the wider world. September2019 June 2020 The financial year and new academic year commenced in September 2019 with the School community continuing to celebrate the Foundation's remarkable 4(KJ" year anniversary- with not a facemask in sight - and yet the year finished in stark contrast, as the School held its first virtual Speech Day with Dr Savage addressing the School community, for the final time in his ten year tenu, via a Irve broadcast from the Great Hall. The pupils were able to enjoy their own anniversary celebrations with special Jacobean Oay in September. Pupils were off timetable and enjoyed a carousel of activities like sampling the 17th-ntUry schoolroom. discovering Galileo and his telescope. and Jacobean sportin8 activities. The day culminated with the whole community gathering in the Quad to witness a tree-planting remonY as the Junior School children sang their new hymn. OurAmazirt9 School, as shown in the picture above. In the evenin& parents were entertained with fine food. fireworks and Jacobean revelry, from Just a Jacobean Minute. to a magical masque in the Mcr.
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED31"JULY 2020 Soon afterwards, the Art and Development departments held a Secret Postcards exhibition with work from students, staff, parents and friends as part of The 4CI)th Anniversary Campaign: Growing 8ursories for the Future. We are delighted to say thatthefruitsof this and other initiatives acrosstheyear mean that the School has endowed its first 4CKI anniversary Foun(ler's Bursary and the first pupil funded by this endowed fund has joined the School in September 2020. This year. bursary spending is at its highest level ever, with over £2m of mean5-tested financial sUPPOrt provrded to 109 pupils. This mean5 that one in ten Senior School pupils receive means-tested fees a$5istsnce and the vast maprity of these pupils are supported with very significant bursaries, if not funding I(m fees and school expenditure. These bursaries are truly transformational. We are 5trivin8 for the percentagè of pupils supported by means-tested funding to be higher though and so we remain firmty committed to raisin8 more funds- to ensure more help with fees is available for children who might flourish at Alleyn's. but whose circumstances mean that they might not be able to afford to attend. Our i)urney for raising pemanently endowed bursary funds wlll corstinue long into the fvtUl The enduring legacy of Edward Alleyn was underlined in December when the School planted a foxglove tree donated by The Dulwich Estate one of seven -**. commemorative trees presented to the beneficiary schools with a historical connection to the original Foundation. The tree was planted at the front of the School at a brief ceremony attended by current and former Governors, the Chair of the Estate Trustees and the senior and Junior School Captains and Vice- Captains. iiiiiiik,,.
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDE031"JULY2020 The 123 Annual Dinner of the Edward Alleyn Club was held. in this special anniversary year, in the rarefied and historic setting of the Peers, Dining Room in the House of Lords at the Palace of Westminster with the generous assistance from Lord Kakkar.The eveninB followed its traditional course, with addre55es given by the outgoin8 President, Lord Kakkar. the Vice psident. Lord Hl88ins. and Or Savage, Headmaster. The 400 year anniversary celebrations were completed at the School's carol seNice in the most fitting of settings, in Chrisys Chapel, with a fund-raising reception held aftetwards at Dulwich Picture Gallery. The whole Alleyn'5 community turned "green" for its third Sustainability Week in November in drNe to provide for the present without compromising the fLrture. The focus for the week was on takin8 artions to ¢oJlectively reduce our communivs impact on the environment. Across the khool, hundreds of pledges were made by pupils and staff with a commitment to changing behaviour5, whether it was atr*)ut eliminating or cutting down on plastic use. eating less meat, sustainable travel to School or taking care to switch off our appliances after use. Throughout the year, we also worked Close with many Members of the local community to ensure that we can help to reduce traffic and p)Ilution in the local area. and more of our pupils and staff began to travel to and from school using actNe or sustainable transport. For example there has been 3 43% improvement in active travel to School by Junior School puplls since four year5 ago and in psentationS to pupils during Sustainability Week. we learnt that over 90% of the pupil pledges from last year were achieved, and we embarked again on setting new targets for this hugeW important goal. FollowinB the announcement that Dr Sava8e would be leaving Alleyn's at the end of the academic year. the Governing 8oartJ was delighted to announce in March that Mrs. Jane Lunnon has been appointed as the next Head of Alleyn's School from January 2021. Mrs. Lunnon will join Alleyn's at an exciting time for the School. yet a challenging time for our entire community. Mrs. Lunnon's wealth of leadership. teaching and pastoral experience make her Unique placed to continue to loster the unique Alleyn's ethos and values.
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31"JULY 2020 In March, it was a pleasure to welcorne Dr Adam Rutherfofd - science writer, broadcaster and ex- kientist-in-Residence at Alleyn's. to deliver this yearfs RV Jones scien Lecture based on hts book: How to Argue with o Rocist. Dr Rutherford Èxplained that race is real because we perceNe it and racism is real because we enact it. However. neither ra nor racism has foundation in science. And yet the appeal to saence to Strengthen racist ideologie5 is on the rise- and increasingly part of the public dixourse on politics. migration. education. sport and Intelligee. On this important theme. Dr Savage wrote to the whole Alleyn's community in June having been shocked and appalled to witness the death of Geor8e Floyd in America. As a School, we are committed to diversity, to inclusivity and to eqvality, and Dr Savage rèaffirmed the intention that at Alleyn's we must be actively anti-ra¢ist ratherthan passivÈly non-racist. Sincethat time. we have and will continue to en8a8e in con¥er5ations Wlth pupils. parents and alumni. who have been in touch with us to share their thoughts, views and experiences. It is inspiring to see how motivated our community is on this topic. and together with our Governors we are refining existing initiatives, and developinE new ones, in or(ler io ensure that Alleyn's is the best place it can be for all. Little did we know last September what the months ahead would brin& as the s()01. along with the rest of the country, entered lockdown in March due to the Covid-19 pandemic and staff and pupils adjusted to online learning via what we called Virtuolly Alleyn's. We are proud that much of the life, joy and essence of Alleyn's endured throughout this alternative medium of delNery and that we were able to continue to deliver the curriculum to our pupils- and were even able to hold a remote Sports Day. Our teachers rew)rt that pupils did not fall behind in their coverage of the curriculum while we were also able to provide meetings of pupils in their forms. Houses and Sections of the School. Our responsibilities for safeguarding remained unchanged and our excellent pastoral care continued throughout. albeit remote. being e¥er-mindful of our pupils, mental health during this period. Whilst we were abt0 welcome someof our junior School pupi15 backto Townley Road forthe second half of the Trinity Term, most of our puphls remained at home accessing their learning via Virtuallv Alleyn's. We must pay tribute to our tea¢hin8 and operational staff who adapted their teachin& procedures and the School'5 Systems within incredibly tight timescales to deliver an excellent education. We are grateful to the many parents who completed the parental surveys and provided such positive feedback during this time. is now wonderful to See the School ful open again amidst the necessary adjustments to our site and procedures designed to ensure that the community's safety is paramount. During these extraordinary times. we have adapted as an organi5ation to continue to operate as a School. This will continue during 2020-21 and beyond as our community continues to respond so magnificently to the challen8es and uncertainty that the Covi&19 pandemic has created. In common with all schools, Alleyn's teachers were asked to make their best professional assessment of the grades they believe that Students would have been most likely to secure if teaching. learning and public exams had proceeded as normal. This was a process that has never been attempted before and was forced by circumstances that nobody could have foreseen when the students started their A level and GCSE journeys. We are so grateful to the dedication of the teaching staff to asse5S these 8radÈs so carefully and professionally. We are a150 very proud of our students, achievements this academic year and are full of admiration for the impressive fortitude this unique cohort has shown throughout an undoubtedly frustrating period. and for all they have achieved academically and generally in theiryears at Alleyn's. We know what excellent young people they are, and we have been proud and privileged to know them.
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31"JULY 2020 During the lockdown. the Head of Oesign & Technology Mr. Saville, led the effortsto SUPtX)rt local NHS services by producing hundreds of protective face shields. The School also donated various types of protertive goggles. saletyspets, aprons and masks to local NHS servicesand were pleased to be able to play a part in the ongoing battle against Covid-19. From April to July. the School's top fields were opened to the general public daily. for people to safely enjoy some fresh alr while following government gurdance. The fields were well used by many resident5 throughout this periixl. During the Trinity Term land into the summer holidays), the Senior Management Team, with Mr Skinnard, Senior Oeputy Head. acting as Interim Headmaster, made preparations for the OpenIng of the School site in September. This involved deployin8 SUPPOrt staff to aSS15t site preparations and produce the plans that were detailed in the risk assessment to enable the start of the next academic year to begin for all pupils on the School campus at Townley Road. And finally. in the strangest of times, we said a fond farewell to Dr Savage. the Headmaster of Alleyn's forthe past ten years. Our vSrtual Speech Day enabled the community to watch live, from the comfort of their own homes, as the Chair of Governors. on behalf of the Governing Board, paid tribute to Dr Sava8e. He has been an outstanding Headmaster, who h35 preserved and promoted the School's unique ethos that offers children a holist education entompassing not only the opportunity to achieve academic excellence.. but also, to experien a rich and varied co-curriculum within a culture of strong pastoral care. Dr Savage leave5 Alleyn's to become Headmaster of Westminster School and we wish him and his wife, Natalie. all the very best as they take up residence acros5 the rwer. One of Dr Savage's lasting legacies is the increased spending on means-tested bursaries, and he said the following in his final Speech Day address as Headmaster.. 111 -Growing bur50ries for the fvture is absolutely criticol to the purpose, ethos ond well-beftng of the School ar)d l om so grateful to everyonefor hoving the confidence to invest in this lono-tefm mission which goes to the very heart of our identity asAlleyn'sSchool." Our Advanclng Alleyn's initiative was established to grow funds for support of the leyn,5 bursary pro8ramme and we thank every person who has donated generously to that lund, enablin8 the School to be a better school for the wonderful chlldren we can support. Mr lain 8artK)ur, Chair of 6)vernors Mr Andy Skinnard, Interim Headmaster
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS ST YEAR ENDED 31 JULY 2020 BURSARIES @ ALLEYN'S 1010 HIGHLIGHT5 ONE The inaugur31 Founder'5 Bursary was endowcd during 2019-20. The first recipient jOli*d Alleyn's inseptember 2020. EIGHT 'J) We3re proud to be able ttsoftei 8 individual WJ Smith bursaries for e¥ceplional musical promise. from a restrirted fund of £3.5 million accumulated overtime. ThZRTY TWO TlTranks lo donati0Tr5 from 32 familie5. wcwerc ablo to tsfftf sEecific. Co¥id-19 related Support to 2 pupils. TWO MILUON + Overall meaDs-tested spending in 2019-20was £2.1 million. This isthe higheston record. THIRTY SEVEN 34%of bursary pupils3re offered Jddition£il finkncial support in thefortnol Iree school meals oi additioniil $4¥th form funding TWELVE MILUOII Overtht lasttenyears.Alleyn's has spent £12.5 rnillion on means-tested support. OMEIN TEN EIGHTY FIVE PERCENT 85% of the bursaries we provide are for75%of fee5 Qrmore. Over one in tenpupIln the Seniorschool receivek btsrsary. That is 109out of 1.055 pupils 10.3%. IIIMETY FIVE The Dulwich Estateconlribvtes thefundingtowards 9S out of the 109bursariescurrently provided inthesenior School. TWOThIRDS Almost two third5 of bursary recipient places arefulfyfunded. io
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED31"JULY 2020 ANNUAL REPORT OF THE GOVERNORS In 1605, Edward Alleyn. a well-known Elizabethan actor, Set about creating his great charitable Foundation..'Alleyn's College of God's Gift., which wasto consist of 12 poor scholars- six poor brethren and six poor sisters. Letters Patent li.e. a grant from the monarch or government) to recognise the Foundation were given by King James l on 21 June 1619 and signed on 13 September 1619. As part of a re-organisation in 1882, a 'new' Alleyn's khool was bom. It moved to its present site on Townley Road. Dulwich, in 1887 and became toducational in 1976. The Board of Governors presents it5 Annual Report forthe year ended 31 July 2020, together with the audited financial statements for the year, and confim)s these comply wtth the requirements of the Companie5 Act. Charities Act and Charities SORP IFRS1021. This report includes the dirertors, report and strategic repjrt required by company law. and theTru5tees' Annual report required under chaTFty law. CHARITABLE OBJEcf, VISION, AIMS. ACtIVITY AND PUBLIC BENEFIT al Charttable Objert The Charitsble Object of Alleyn's School is to conduct. in L)ulwich. a day Khool for boys and glrls in which is provided a practical. liberal and reli8lous education. including a Senior school and a Junior Sthool. b) Ifision Statement A strong and clear vlslon that ha5 the support of the wider community is crftScal to providing shared and agreed goals that drrve development and underpin the broader ethos common to both Alleyn's junior and Senior School in our shared educational enterprise. Our vision statement reflects how the School continue5 to honour its founding ethos= Alleyn s 15 0 hoppyandsuccessAul. CducatIonal. ocodemically5elertive, independent London doy sch. As we lookforwordin the twenty-fir5t rttUry. we reoffimi ourcommitment to thefollowing." l. Nurturing holistic excellence for oll, developing tur{ty. refiertion. determination. independence ond a lifrlong love of learning.. 2. Promoting well-being in o kind. coring und sofr environment where every individual con flourish.. 3. Offering opportunities, Ixth inside and outside the clossroom. to develop skills. Insight, ernpothy, creativity. leodership and teomwork.. 4. Valuing diversity in welcoming to the Alleyn s community people of different bockgmunds and beliefs,. li
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS ST YEAR ENDED 31 JULY2020 5. 8uilding positive local. notiont71 and internoti<>nolportnerships ondproviding opportunities forourpupils ond stoff to moke o difference.- 6. Chertishing our community of pupils, porents. staff and alumni. t7nd honouring our continuing c¢wnmitment to EdwardAlleyn s choritoblefoundation of 'God s Gift,. c) Alms Alleyn's is one of the countrf5 leading CedUCatIonal day schools, committed to achieving excellence within an ethosof strong pastoral care and an excitingand varied co-curriculum. Our holistic approach to education aims to nurture every PUIHI, to enab them to fulfil their potential while making lasting friendships and enjoying life to the full. We belleve that learnlng together in a supportrve enwronment provides the best framework for 8ir15 and boys to excel at school. to disc(wer new ideas. skills and enthusiasms and to prepare for universsty and the world of work and life in Eeneral. Links with hxal and overseas schools, universitiès and charities pr¢)vide further opportunities to enrich that learning in different contexts and to make new friends. Our community 15 warm, caring an(1 inclusive. We offer a range of means-tested bursaries to support boys and girls most able to benefrt from an AllÈyn's Èducation. irrespective of financial means. We are proud of our pupils, who leave us with excellent examination results. place5 at some of the world's top universities and specialist centres of highei education. and also with a sense of quiet confidence, mutual re5FeCt and social responsibility. We are proud of each and every one of them. dl Prfnclpal Actlvlty The School's prinapal actNlty during theyear has been the education of pupils; this includes providing the opportunity to attend the School for pupils whose family circumstances denote they would not be able to attend otherwise. by providin8 them with means-tested bursaries. In addf(ion to maintaining high academic standards as the core activity. the School provide5 a wide range of 5POrtin& musical, dramatic and other co-curricular pursuits. The School Seeks to attrart pupils from a variety of background5 and en5uTes it remains CdUCa"on31. o well as StrNing to maintain and develop good relationships with the l¢xal community- This principal attivity has been maintained during 2019-20. Whilst the School site dosed in March 2020. the khool iemaine(l active in providing education via remote learning. el Publlc Benefit The School remains deepfy committed to the aim of providin8 public benefit. The Governors confirm that they have complied with the duty in sertion 17 of the Charities Act 2011 to have due reBard to the public benefitguidance published by the Charitycommission in determining the activities undertaken by the charity. In furtherante of its Charitable Object, and for the public benefit. the SclK>oI ha5 established and administers means-tested bursaries and acts as the Trustee and manager of property. endowments 12
ALLEYN'S SCHOOL REPORT OF THE GOVERNOR5 5T YEAR ENDED 31 JULY2020 and gifts given in pursuit of the Object. The School is committed to offer places to academically gifted cèndidates, irrespective of their ftnancial means, and the means-tested bursarles enable these candldates to come to the Schod. Means-tested Bursarles Our ombition i5 to be the School that any tolented childcan Con to, regordleu of their family's obility to pay thefre Durinq thefinancial yeor. the Scht>oI ¢nvorded its highest number of mean5-tested bur50ries ever, 109,12019.. 100), with one in ten Senlorschool pupils now recelvinq o significont bur5qry. 120 Ic 40 20 11 2013.14 2014-15 2015-16 20I6-17 2017-18 2018.19 2019.20 Annual bursary spend per annum £2.500,000 E2.000,000 £1.500.000 ÉI.000.OOD E500.000 £0 Bursarie5 spend Alleyn's offers means-tested bursaries during ts admissions process each year. These are offered to pupils joining in Years 7 and 12. The financial means a55essment is rigorous and families are required to provide detailed financial information. vthich is rewewed during the admisslons process. Where the khool offers fully funded places. it will also provide additional financial assistance,. thls may include financial help with uniform, travel. xhool meals, fundin8 for IT devices. educatlonal hool trips and other inodental expenses to support the education of bursary recipients. No fee income Is used to lund bursarle5. 13
ALLEYWS SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31" JULY 2020 A high PTOPOrtion, 65%, of the bursaries awarded by the School proviile a fully funded pla¢e aNJ 85% of the bursaries provide funding over 75%.. this will either be a full bursary or a combination of a bursary and a scholarship. The average mean5-tested funding is over 90%. Fulty fvnded place 75% to 99% 50% to 74% 65% 25% to 49% Oto25% The School remains indebted toThe Dulwlch EsLite for its annual income distribution. which this year contributed towards 95 mean>tested bursaries. the majority of which are fully funded. These bursaries make a real difference to individual lives. The annual income distributK)n received from The Dulwith Estate is spent only on means-tested financial support. The School remains very grateful to The Wwshlpful Company ol Saddlers, which contributes to the funding towards bursaries each year. This grant contribLrtes towards seven burs#les. Durlng the 4(MP Anniversary year of Edward Alleyn's Foundation, the School launched The 4LK)th Annlversary Campalgn: Growlng Burnorles fvr the Future. Since its launch on I january 2019, the School has raised nearly £0.6m which has resulted in the first Founderfs Bursary being endowed during the financial year and its first recipient has subsequentty joined the School in September 2020. The School remain5 indebted to the generosity of these donors. 400 The Campaign aims to intrease the percentage of puplls on bursarle5 at Alleyn's from IO% to 20% In the fvture. Whilst endowed funding will inevitably take time to build vp,. its benefits will last in perpetuity. 8ursary funds also include the WJ Smlth Trust which was set up byjohn 'JxY Lanchbery, an alumnus of the School. in memory of his teacher. It accumulates royalties and investment income each year to provide bursarie5 and exhibition awards. There are Current el8hl WJ Smith Iwryary recipients at Alleyn'> We also remain grateful to other donors who have funded bursaries. including a new bursarythis year funded by EY in memory of Alan Wein. a former partner of EY and alumnus of the School. All donatlons towards bursaries are accounted for separately by the School and are included within separate charitable funds.. either the Advancing Alleyn's bursaries fund or the endowed Founderfs Bursary Fund. Sufficient donations were feceived this year land last) to enable the School to endow its first Founderfs Bursary and the money has bÈen invested to fund a pupil joining in Year 7 In September 2020. We were also Brateful to familie5 who donated towards the Inewl Covid-19 hardship fund to support those in the Alleyn's community facing financial hardship due to Covid-19 pandemic. 14
AILEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31 JULY 2020 In addition to the prOViOn of means-tested bursar5. the School has en8a8ed in many other initiatives which provide beneffts to the publlc. These actiwties indude partnerships with local schools, sharin8 of the School's facilities and the pupils and stsff participating in volunteering and outreach pro8rammes. These projects are overseen by the A55iStant Head, Co-curricular & Partnerships. Partnershi There ore 54 partnershlp prolerts, Invofving 96 Alleyn's pupil5. LondonAcoderny of Excellence Tottenhom {UIETJ- The LAET 15 a maintained free School for sixth form stu(lents in Tottenham, North London, which is Co-sponsored by Tottenham Hotspur Football Club and Highgate Sch¢)ol, supported by the Department for Education and a number of other independent schools. induding Alleyn's. LAET opened its dwrs to students for the first time in September 2017. Drsavage. Headmaster during theyear. was a Governor of LAET, and three academic departments at Alleyn's are the dedicated links with their oppostte numbers at LAET. The Headmaster, several Heads of Department and other senior aff from Alleyn's have made a number of visits to LAET to undertake reviews and Produ reports to assist the school. In addition, students and teachers from LAET and Alleyn's have visited one another on a number of occasions, and there are plans for further collaborative activities in the future. LAET represents an important example of Alleyn's ommitment to improving educational pro¥i&on for as many Children as possible, locally. in London and beyond. Southwarkschools Learnlnq Partnershlp (SSLPJ-The SSLP is a unlque collaboration between lotal state and independent schools based in and around the borough of Southwark. Students from the SSLP have been inviteil to the many All@Alleyn's talks as well as other educational artivities including a talk on Space Missions or8anised by the Direttor of Science. Southwork Communlty Educatlon Charity. Soturday Moth5 Scheme - The Saturday Maths Scheme loverseen by SCEC, of which the Alleyn's Headmaster was a trusteel continues to flourish at Alleyn's with tutors teaching 52 Year 5 pupils from 12 local primary schools, with the help of 48 Year 11 pupils who volunteered on Saturday mornings to SUPPOrt this scheme. This has made a real impact on the learnin& enjoyThent and confidence of local primary school chIldn over a period of many years. Sharin of the School's Faci1Sties Prior to the Covid-19pandemic, the School Continued to share itsfvcilitie5 Wlth locul schools ond the locol community. During the Covid-19 pandemic, the School's playing field5 were made available to the communityfor mony hours of recreotionol use (within 90vemment guidancej. The sharing of resources with local maintained schools and community organisations remains very mportant to Alleyn's and prior to the Covid-19 pandemic. the Sch¢)ol continued to share many resources with local schools. 15
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31"JULY2020 Beforè School was closed due to the Covid-19 pandemic in March. as in previous years. the Sth¢)ol was able to share its facilities with local maintained schoo15 and local community organisations: this totalled 740 hours of access and included.. Provldlng Space for PE Lessons and Forest Sthool LearnI- Two local primary schools continue to use the fields at leyn,5 each week to deliver PE lesson5 and Forest School activities to their pupils. Another primary schod used the Burbage Road Sports Ground on a regular basis to host after4chool sports clubs. School Sports Flxtures - MSni-football pitches were made available on a Saturday morning from January to March to the Lambeth & Southwark Primary Schools Football League to assist with their delivery of a 37 team 9v9 competition. Football Flxtures- working with Girls United and Dulwich Hamlet FC. the khool hosted their "Play Like a Girl" S-a-side tournament in March. coinciding with International Women's Day. Theatre Hlre - A local primary school was able to use the MCT for two days to host a Christmas produttion in the theatre, which induded suppx)rt from the Alleyn's technical staff to ensure the best experience for the sludents. Swlmmln8 Pool - A disabled youth swimmer was prowded access to the pool with her coach to develop her as an athlete in preparation for competitive para swimming, and our swimmin8 teachers delivered an intensive learn-to swim programme foi pupils at a local primary 5th001 during October half-term. Due to the Covid-19 pandemic. the School suspended all community and commertial use of the facilities from 16 March. and the School's site remained mostly closed until the beginning of June, apart from providing childcare for key workers throughout the period until July. From April to July, the top fields were opened to the general public daity. for people to safely enjoy some fresh air within government guidance. The fields were well used by many residents throughout this period. We also continued to support Hebèr Primary Sch1 by providing additional space on our fields when their pupils retumed during the Trinity Term. Despite the challenges in the year. the facilities were used for over 1.8(M) hours (this is an increase of 340 hours on 2018119. owing chiefly to the extensive number of hours the playing field5 were open to the community during lockdown) and we were able to attommodate 7 different schools, encompassing 11 diffeient projects. in addition to hosting 18 unique community organisations. During the Covid-19 pandemi4 staff members in the leyn.$ Design an(J Tethnology Department produced protective face shield5 to help those orh the medbcal frontline. Head of DT, Mr Saville, supported by Mr Allen, led efftjrts to support local and regional NHS services, hand-producing the shields from Scratch. The team hand-made over I,(JJ) fa shields for NHS hospitals and trusts (Greenwich, Lewisham, Beckenham, St Hellierfs and Kin¥sl, as well as for hxal Communitycare homes and St Christopherfs Hospice. They were enthusiasticalty recerved and used throughout the crisis. Early in the Cowd-19 pandemic, the Sch¢)ol also donated its supplies of protective 8oggles, safety specs. aprons and masks to local NHS services. 16
ALLEYN'S SCHOOL REPORT OF THE GOVERNOR5 YEAR ENOEO 31 JULY 2020 The School continues to value its relationships with local schools and looks forward to welcomin8 them back to use our facilitie5 durin8 the next academic year. when appropriate. Charltles - the School also sought to continue to develop our partnerships with local community organisations that are active in other ways leo. giStered charities, groups that provide activities for young people or htIng fundraisers). The puixls also raised over £28,(MXI for many excellent charltles. Outreach 96 Yeor 12 students are invofved In on Outreach pmgrnmme with eight primary schools and 48 Yeor8 pupils are involved in an Outreach proqrnmme working kvith elderly people 5ufferinqfrom Alzheftmerfs dlsease. Primary Schools The Primary Outreach Programme has worked with eight partner primary schools to deliver specialist projects in the Sports. Arts and Stientes. Over the course of this year, 600 primary school childn have participated and benefitted from one of our specialist projects, led by ouryear 12 students under the supervislon of several teaching staff. The Head of Outreach meets with each Primary Head or link peTson and a bespoke programme Is devised to maximise impact in each school. For example. a beswjke 'kience through Dance, xheme of work was created which featured magnets. forces and the lrfecycle of a plant, all covered through movement and dance-based learnin8. The Year 12 Students who have participated in the programme, planned and delivered a sequence of five session5. supervised by their specialist subiert mentor, and they have loved their experiences. Unfortunately. this programme could not continue during the Trinity Terni due to the Covid-19 pandemi4 but the students look forward to more opportunities durin8 the next academic year. Rhythm for Readln8 Year 12 students art as reading mentors of Year 4 puplls at local primary schools. This scheme inVoeS teachin8 pupils to ad music in an unconventional land rather creativel way. which further develops their co8nitlve literacy skills. Pupils gained an average of 9 months of progress in their readin8 skllls over just frve weeks. 17
ALLEYN'S SCHOOL REPORT OF THE GOVERNOftS YEAR ENDED 31" JULY 2020 Working with the Elderly Year 8 puplls have en engaging with elderly care home residents suffering from Alzheimer's. using the med4um of art. 48 Yèar 8 pupils have taken part and. for many, this has been described as the hS8hlight of their week. This programme makes a positive impact on both the residents with Alzheimerfs and our puplls. Volunteeri The Volunteerlng programmeforpupils offtrs voried octivitie5Aor 71 pupils in Years 10 and upwards Fun Fizz takes place at The Bridge Leisure Centre, Sydenham, and has been active for over 30 years. It offers a proBramme of PhyCal activities for children with some form of special educational needs. Our pupi15 very much enjoy thi5 dynamic option. Alleyn's pupils with one of the pupits ot The Bridge Lwsure Centre. Junlor Saints connects the School's pupils in Year 10 and above with a local mainstream primary school in Peckham. The pupi15 help implement a range of numeracy. literacy. craft and sporting attivities at their after-school dub under the excellent guidance of a senior member of staff at the school. An Alleyn's pupll enjoying the intemrtion with primoryschool children. Senlor Salnts offers a befriending activity. where the khool's puplls perform an excellent seN¢e of talkin8 and listening to the elderty at a residential care home in East Dulwich. The is also a computing skills a¢rNity where Year 12 students teach and develop computer ski115 for older people, with one to one assistan. using a variety of devices from smartphones. laptops and kindles. Two Allryn s puw15 helping to impmve o visitorfs IT5kills. 18
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS ST YEAR ENDED 31 JULY 2020 International Links The School hos developed strong link5 and relationships wlth several international schools. Slerra Leone - One of Alleyn's staff members spent a week at the Methodist Girls High School in Freetown providin8 tralnin8 to both staff and pupils following the arrrval of tablets donated by the School. Thi5 was ceiVed with great excitement and enthu5ia5m and this IT support is planned to continue next year. South Africa -The School's charity committee has also established q r s t u vw X y Z strong links with Sparrow SchcK)Is In South Africa. Alleyn's staff and pupils visited Sparrow Schools in November 2019 to see at first hènd the amazing work undertaken at these schools. I"¥[lJ'S The School also continues to have links with Kobe University Sch¢)ol. Japan and Ganet's Adventure. Malawi. 19
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31-JULY 2020 11. HISTORY, STRUCTURE. GOVERNANCE, MANAGEMENT AND POLICIES al Hlstory and Group Strurture Our roots can be traced back to Edward Alleyn'5 College of God's Gift, founded in Dulwich in 1619. The School moved to its own 30-acre site on Townley Road in 1887 and was one of the first such schools to EO fully co*ducational in 1976. The Dulwich Estate was reorganised by a number of Charity Commission schemes in 1995 and the School became an independent unincorporated charitable trust (registration number 10579711. In 2017. the Governors resolved to transfer the operation of the School to a new charitable company limited by guarantee. which they establishe(J for this purpose (registration number 11618641. The company took the name "Alleyn's School~ and the charitable trust's name is the Edward Alleyn Trust. The company is the corporate trustee of the Edward Alleyn Trust which, as required by charity law, continues to hold the School's pernianent endowment following the transfer of the operation to the company. The Edward Alleyn Trust is governed by Charity Commission Scheme dated 29 March 2017. In addition to beingtrustee of the Edward Alleyn Trust. by a Charity Commission Orderdated 29 March 2017, the company is a150 the corporate trustee of Alleyn's School Development Trust, Alleyn'5 School Awards Fund and WJ Smith Trust. All four charities are subject to a unitin8 direction and do not have to Prepa separate financial statements. Alleyn's School has one wholly owned trading sub5hdiary, Alleyn's Sch¢y)l Enterprises Limited IASELI.. more information on LSEL is provided further on in this report. bl fjovernance The School has a governing body, which consists of no less than ten and no more than 15 Governors, governed In accordance with it5 Articles. The full Board of Governors meets three times a year. The Finance and General Purpose5 Committee of the Board meets at least three times a year and deals with financial matters. The Education Committee meets at least three times a year and oversees the educational and academic work of the School. The Strategy and Governance Committee meets at least ontè a yÈar to focus on strategic and governan i55ues. The Nominations Commrttee meets at least once a year to wnsider the composition of the Governing Board and appointments. In addition to its regular meetings, the full Board met on a regular. monthly basis through the Trinity Term and summer holiday to consider specific matters arising as a result of the Covid-19 pandemic. c) Recrultment and Tralnln8 of Govern Governors are appointed by the 8oard in accordance with the Company's Articles of Association. The normal term of office is fve years. After serving two consecutive term5 a Governor is only eligible for re-election after a year has elapsed since he or she retired as a Governor unless the 803rd considers It would be in the Interests of the School for him or her to continue for a further period. No fee or other remunèration is payable to GoVerrr5. other than reimbursement. rf claimed. of reasonable costs incurred in attending meetings. In appointin8 new Governors. the Nominations Committee reviews thè skills and experience available among serving Governors. particulaily with regard to educational. financial. le8al, charitable and 20
ALLEYN'S SCHOOL REPORT OF THE GOVERNOIIS YEAR ENDEO 31" JULY 2020 commerclal skills. Having identified the skills and experience required, the Nomination5 Committee dlscusse5 Sultabty qualified candidates and then recommend5 the most suitable to the full Board for consideration and interview. The Board seeks to have a drversity of Governors Including former pupils, parents and former parents. I new Governors spend at least one induttion session * the School which includes a tour and meetings with senior management. They are encouraged to attend external training sessions on governance and are given briefing material on the duties of a Govemor a5 trustee. and on the School and it5 operations. New Govemors on the Finance and General Purpose5 Committee are briefed on the financial position of the Schcol by the Chair of the Commrttee. Policies. as detennined by the Governors. are implemented by the Headmaster. He is assisted on academic matters by the Junior School Headmaster, Deputy Heads and a Senior Management Team and, on non-academic and financial matters. by the Bursar and Director of Finance. The Head and members of the Senior Management Team attend all relevant meetings of the Governln8 BodI5 Committees. Remuneration of all staff, including key management personnel las disclosed in note 6 of the financial statements) is set by the Governing Board. with the objettive of problldin8 appropriate incentives to encourage enhanced performance and of rewardin& fairly and responsibly. individual contributions to the School's success. The appropriateness and relevance of the remuneration policy are reviewed annually, including reference to published benchmarking comparisons with other independent schools to ensure that the School MaInS sensitive to the broader issues of pay and employment conditions elsewhere. The School aims to recruit subject to experience, in such a way as to provide scope for rewardin8 excellence. Delivery of the School's charitable vision and purpose is primarily dependent on its key mana8ement personnel, and as such staff costs are the largest single element of its charitable expenditure. The S¢h¢)ol has taken out trustee indemnity insurance. dl Change of Headshlp Dr Gary Savage left Alleyn's in August 2020 and following an extensive and thorou8h search with three rounds of inteNiews. the Governin8 Board appointed Mrs. Jane Lunnon to succeed Dr Savage as Head of Alleyn's School from January 2021. Mr. Andy Skinnard. usually Senior Deputy Head. is the Interim Head for the Advent Tem. e) Objertlves for the Year The Governors. objectives for the year under review were to ensure pupils flourish as part of our commitment to safeguarding and welfare- to maintain and improve academic standards,. to be able to tund future developments and ensure proper reward for employees, while at the same time holding fees as low as possible- to maintain and increase the commttment to bursary funding and other aspects of public benefit; to maintain and strengthen local, community and intemational links, and in the light of all the above. to run the charty in a business-like and Commercial viable manner. All objectives are pursued in accordance with the School's vision statements, which have recently been revlsed and are set out earlier in this reporL and its values. 21
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31" JULY 2020 fj Grant Maklng Pollcy Alleyn's aims to provide cwducatK•nal excellence for a8es 4 to 18. offering a first-class holistic education to those of high intellectual promise and academic potential regardless of backgrourhd, race or belief. The Senior School aims to offer places to those most able to benefrt from an Alleyn's education, irrespective of financial means. It has a lon8 tradition of attracting pupils from a wide variety of junlor schools. It aims to achieve "educational excellence through inclusion" by offerinB means-tested bursaries and scholarships frorn Il+. g) Employment Poliry The School is an equal opportunities employer. Full and fair consideration is given to Job applicatKJns from disabled people and due consideration is gNen to th•r training and employment needs. Consultation with employees, or their representatives, has continued at all levels with the aim of taking their views into a¢¢ount when decisions are made that are likely to affert their interests. CommunScation with employees continues through normal management channels in a variety of forms such as stsff noticeboards. online communication resource. 'the Hub,. emails and letters, as well as meetings to inform staff of current issues. Regular consuftation with employees includes meeting with two consultative committees lone for teaching and one for non-teachin8 Staff). Employees a made aware of a variety of matters including the financial and economic performance of the School through regular briefings at the start of each temi. At Alleyn, s, dlversity is an integral part of our history. culture. and vision. Inclusion is the way we treat and perceive all differences. We want to Create an inclusive culture where all form5 of diver51ty are seen as a positive for all those within our communtty. As part of this desire to supp)rt diversltv, the staff group. the Diversity arhd Equality Committee. has met several times during the year to review the many aspects and complexities around ensuring that we are a diverse employer and School ommunity. On thrs important theme, Dr Savage wrote to the whole Alleyn's community in lune having been shocked and appalled to wttnessthe death of George Floyd in America. As a School, we are committed to diver51ty and to equality and our students had already established the Minority Student Union earlier in the academic year alongside staff initiatNes such as the exploration of decolonisation of the curriculum. Howevèr, we understand that it is insufficient Simp to say that we are against racism. Rather. we need to work collectivety to identify, acknowled8e and eradicate racism wherever we mav encounter it. We have and will continue to engage with conversatKJns across our community, and many pupils. parènts and alumni have been in touch wtth us to share their thoughts, view$ and experiences. tt is inspiring to see how motivated our pupils are about this topic. h) Investment Policy CCLA were appointed by the Schwl in December 2019 to manage all its investment funds. following a review of the School'5 investment managers. As part of this process the Govemors reviewed and reconfirmed their investment obiectives and that they would be the 5affle for all the School's Investments. including restricted trusts. 22
AILEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENOED 31 JULY2020 Alleyn's School has a balanced attitude to risk. wherebythe obiettNe is to protect the real values over time and the portfolio can accept investment risk in order to achieve this. The Governors wish to receive an avern8e ènnual total return of CPl+5%. gross of fees, over the long term (the portfolio investment horizon is in perpetuity) and as part of this, provide a reliable income Stream that maintains its real value over time. Volatility is to be controlled to 75% of the UK equity market and certain companies en8a8ed in rtain activities are also avoided. On determining these objectives, the khool's investments were invested in CCLA'S COIF Charities Investment Fund, which currently has the following portfolio mix.. Asset allocation •else•S Eqwtle5 60.81% UK Equitie5 10.78% •lthfrastrycture & Operatin8 A55ets 8.50% •C¢)niractval & OtheT IOme 3.32% Propprty 4.34% Fixerf liiieresr 0.47% Prtvaie E¢wity & Othef 1.94% Ov•rws E4uIIv Mfmrh Amewt(a Europe ei UK Asia Pacific ex Japan Japan Other Tot•l.. 399 13.7 Further commentary aboLrt the School's investment perfoTrnan can be found on page 25. 111. REVIEW OF ACHIEVEMENTS AND PERFORMANCE a) Operatlonal Performance The School is one of the UK'S most highly regarded c0-edUtional day schools. In the year under review, the School had 1.297 pupils Uunlor School 242, Senior School 1.0551. The increase In pupil numbers was primarily due to the expansion ofthe pupils in Year 7. which is now also refiected in Increased pupil numbers in Year 8. It IS the hi8hest number of pupils at the School to date. Alleyn's is one of the UK'S leading day schools and the first of its kind to become fully co-educational, back in 1976. Boys and gids both perfomed very well at A level and GCSE, wfch the vast majority of our 23
ALLEYN'S SCHOOL REPORT OF THE GOVERNOR5 YEAR ENDED 31 JULY 2020 students leawn8 the khc•)I to go to top universities In the UK and overseas and we 3150 help our 5tudent5 to secure opportunities such as degree apprenticeships. Foundation Art courses, 5peciali5t music and drama courses. The most popular universty destinations a shown in the chart below: 2019-20 Leavers, Destinations Art Fowdais Southammon Exeter Newcastle Overseas Notlingham Manchestèr Cambridge E(liThtrrtJrgh London universities include UCL Imperial antl Kin5 College and overseas universities include Harvard, McGill and HeidelberE. Degree courses being undertaken are varied as ever with nine pupi15 Studying medicine and other 5ubject5 ranging from Acoustics with Music to Aeronautics and Astronautics as well as many of the more traditional subjects swh as Modern Forevdn Languages, En8ineerlng and Biological sciences. In common with all schools, Alleyn's teachers were asked to make their best professional assessment of the grades they believe that students would have been most likely to secure if teaching, learning and public exams had proeded as normal. This was a process that has never been attempted before and was forced by circumstances that nobody could have foreseen when the students started their A level and GCSE journeys. The results were awarded following a very intricate protocol that wo5 estsblished by the Deputy Head IA¢ademicl and administered, chiefly. by her, the Deputy Head IPersonnel & Administrationl, the Assistant Head ITeaching & Learnin81, the Assistsnt Heads IHeads of the Middle and Upper Schoolsl and the Director of Academic Perfomance, Anal¥sis and Administration. Heads of Department met with their colleagues and each pupil's case was discussed individually. Then there wa5 a meeting between the Head of Department and a panel of senKJr teachers from those listed above. The grades from that meeting were then submitted to the Headmaster for final scrutiny and approval. Throughout. teachers sought to marry academic rigour with pastoral care and compassion as part of the holistic Provision for which the Sthool 15 50 well-kn¢)wn: a learning commvnty wf(hin which boy5 and 8ir15 learn, grow. overcome challenges, and strive to suctèed tO8Èther. whatever the circumstances. The results for the year are summarised below: 0 48% A. grades 0 82% A. and Agrades 95% A.. A and B grades 24
ALLEYWS SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31" JULY 2020 GCSE.. 0 4¥A 9 grades 75% 9-8 grades 94% 9-7 8rades We are very proud of our students. achievements every year, and this extraordinary year is no exception. Their results are the product of many yearg hard work and dedication. In addition tooutstandin8 academic results lunderpinned by an enrichment and extension programme which helps pupils to cultivate a life-long love of learnin& and to cherish the lrfe of the mind), the School continues to provide superb opportunities for its pupils outside the classroom throu8h a huge range of co-¢urri¢ular club5. societies and activities and many of these activities were able to continue durin8 the Trinity Term. despite pupils learning remotety. These pursuits play a key role in ensuring that our boys and girls enjoy a well-rounded educational experience that supports their holistic development and continues pos1t1ve to influence their lives long after they have left Alleyn's. In any given week there might be over one hundred varied CO•curricular clubs running in the Senior School includinB drama and mysic hearsals, dixu$5ion groups (around politics, philosophy, sociology etc.), and practical clubs IDT. cookery. animation. photography. science, sports prattices and games such as backgammon and chess). These activities are available for pupi15 of all ages, often with older students taking the lead. There is also an extensive number of broad-ranging day and residential educational visits available to our pupils. During the Covid-19 pandemic. the khool wa5 Still able to offer some CO•curricular activtties whilst closed including the Chamber Choir which was re-branded a5 Corona Choir. As part of ihe 400 anniversary of Edward Alleyn's Foundation, the School continued to ralse funds for its 400, Anniversary Campaign.. Growing Bursories for the Future. throu8h which it strives to increase the number oftran5formational bursary places for children who might not otherwise be able to attend Alleyn's. The School has established a separate charitable endowed fund, the Founderfs Bursary Fund. whereby the money donated is invested to generate investment income for funding bursaries in perpetuity. So farsince its launch, generous donations to this new fund totsl nearly É0.6m at 31 july 2020. b) Inveslment Performance Investment income of £548k12019.. £395kl was8enerated from the School's investments managed bv investment managers and they were valued at £13.837k at the yearond12019.' £12.290kl as shown in Note 11. During the year. £1.413k of endowed and restricted fvnds were hjrther invested by CCLA on behalf of the School and the investments increased in value during the year by £130k12019.. £166k decrease). Following a review by the Governing Board of the School's investment managers, CCLA were appointed as the School's investment managers on 5 tlecember 2019, wlth the khool realising its investment5 held by Cazenove and 8eneratln8 a realised net gain of £3k. The Sch¢)ol invested the School's investments in the COIF Investment Fund, which is a multi-asseL long-terni fund designed to help meetthe objectivesof growth and income. It seeks to provide a highly diversified and well-balanced Spad of investments. 25
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED31"JULY 2020 Equity as•ts. top S s4clors Allocatlon (%) T71&0J lèallh Car Healrn C4rJ3 Gjnsumèr Siaiyes Si3pWs Lomniuiiiialio..) Sèfvitths ¥401h Total 100.00 During this financial year, investment income benefftted from the transfer of investment managers. earning two quarters of investment income with the previous investment manager and ten months. investment income when transferring to CCLA. CCLA have projected to Continue paying annual income dlstributions in 2021 in line with this year. Despite the volatility of the global equitie5 market, the Trnvestments had gained £130.C(10 in value from the date of transfer until the year-end. This is primarily due to strong performance of global equities in sertors such as information technology, health Ca and consumer staples and holding a range of alternative assets which continue to generate income for the portfolio. CCLA also integrates environmental. 50¢ial and governance factors into their investment pr¢xess, restricting investment irt -worst of the worst" *ivities like the production of clv5ter munitions, and participating in active ownership around topics such as climate change and public health issues. c) Envlronmental Performance The School is committed to rnakin8 a positive environmental impact and to supporting its pupils a5 we collectively seek to tackle the complex challenges that this ambition creates. Recognising that this endeavour cannot be athieved in isolation, we regularly engage with local residents. organisations and politicians in order to ensure that we approach these goals in a coordinated manner. The staff and pupils are passionate about the environment and work together to drNe sustainability initiatNes across the Junior and Senior Schools through our pupil-led Eco Commtttees: examples include eradicating the use of plastic bottles during educational tripsand visits. Sustalnablllty Week. held each November, provides an opportunity for the Schcrf)I to focus on all sustsinable matters and trial new ways to improve its carbon footprint. This has resulted in a permanent reduction in the Schoofs heating temperature and its carbon f(3otprint. Lower School gardening club worked extra hard in the kitchen 8ardens $0 pupils can learn to grow their own fruit and vegetables, and the planting of perennial greenery across the site continued. 26
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31" JULY 2020 The School contlnues to have a Gold accreditation within Transport for London's ITfLI STARS (Sustainable Travel: Active, Responsible, Safel travel scheme for the School'5 Travel Plan. STARS promote5 walkin& cycling and the use of public transport. It is working with Southwark Council, other local schools and community to reduce traffic and pollution across Dulwich. Please switch off your eroine During Sustainability week, the School promoted attive transport wfth cycling activities to encourage Use, and free onsite bike servicin8. The week a150 confirmed that 90% of pupils and staff had kept their pledges from the previous Sustainability Week to do something different to help the environmènt. Energy reporting Carbon and Energy Reporting Regulations are a new Statutory reportin8 requirement for lar8e companies in the UK. Alleyn's School has been improwng its sustainability over recent years and more detail 15 provided below. Recycling efforts have improved significantty in recent years with the Schwl recycling paper, plastic. and glass, and it Is also a collertion point for the recycling of pens and crisp wrappers in the locality. Our recycling waste is collected da1 and comprises about 40% of total waste by weight. In terms of caterin& the khool has worked on a strate8y to reduce plastic and disposables across the site. Nearly all food packaging is now compostable and kitchen waste is collected to become renewable fuel. New water refill stations have also been installed acr05S the site to enable pupils to easily rIll their water bothes. reducing plastic. In recent building developments. the impact of theenvironment and sustainabiltty are at theforefront of the design of any new Alleyn's facility, aswell asensuring compliance with the 6REAAM"very good" ratinB. Both the Lower School buildingand Sciente building extension have solarpanels installed which generate electricity for the School as well as other sustainable features. To offset the School's carbon footprint, the khool ha5 increased its planting across the site. for example more trees, shrubs an(J hedges around the top fields. There has been a ton5CIOU5 effort to use more sustainable transport where possible for school day trips and colleagues are considerinB offering residential trips wlthin the UK and cb)ser to the School to reduce air miles. The School has also considered several ways to reduce its energy consumption and these include: Annualty. a few older boilers across the School sfte and within staff property are replaced with new energy efficient one5; 27
ALIEYN'S SCHOOL REPORT OF THE GOVERNORS SY YEAR ENDED 31 JULY 2020 Radiator valve5 have been installed across the site to reduce the risk of over-heating classrooms and offices- Following a successful tri81 in the November 19 Sustainability Week. the School permanently reduced the heating tÈmperature in its buildings- Lightin8 across the site is gradually being replaced with LEO liBhtin8: approximatety 25% of the site. The reduction in printing dewces by two thirds and a 518nifi¢ant reduction of desktop Pcs following investment in new cowers and portable IT devices for teaching Staff. The information below is based on the amount of gas. oil, elettricity and fuel consumed by the School during the year. The School's ener8y consumption was converted usin8 GHG Protocol Corporate Accounting and Reporting Standard Irevised edition}. Measure: 2020 Rel•llni to: UK ener8y use Ikwhl 4.971.849 The School 51te, Burbage foad stte and staff pro rties Includes ener8y usage. fvel used on site and flights. emissK*ns from School trips. but not outsourced coath trips or taxi joum The inteTh5ity ratio measu5 energy usage com ared with a ro riate businèss metric. Associated greenhouse ga5 emi55ions IC02 ionne51 1,042 Intensity ratio Emissions 0.80C02 tonne5 rpu Tr1.. 1.297 As thls is the first year of reporting. comparatives figures are not QUired. The School's energy use for 2019-20 is lèss than might normally be incurred, as the School was, for the most part. closed to pupils from March 2020 due to the Covid-19 pandemic bckdown until reopenirB in September. The School has signed new energy contracts for both gas and electricity providers during the past six months. From I july 2020. the majority of the School's elettricity is now supplied from renewable energy Sour5, tertified by the Carbon Trust and from l December 20, gas and the remaininB electricity supplies will only be supplied from renewable energy sources and therefore the School's carbon emi5sion5 are likely to $l8rtIftsnt reduce during 20-21. From January 2021, all of the khool's energy lelertricity and gasl will onty be sourced from renewable 5upplie5. This is part of the School's overall strategy to reduce its carbon footprint significantly over the coming years with the aim to become Carbon Zero. IV. FINANCIAL REVIEW The School's financial statements include the artmties of Alleyn's School Enterprises Limited IASELI and the WJ Smith Trust. These financial statements include the balance sheets for the group and charity accounts. Total 8roup income has slighlly increased from £26.Om120191 to £26.4m; thls Sncrease primarily arises from increased investment income. donations and grants. including from the Jobs Retention Scheme, offset by the decrease in 8r0$5 fee income arising from the fee rebate returned to parent5 and lower catering and commercial income due to the closure of the School site due to the Covid-19 pandemic. 28
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31 JULY 2020 As a result of the Covid-19 pandemic the School retumed net savinBS to parents that were generated durin8 the c105ure of the School campus in the Trinity Tem. Total expenditure increased sli8htty from £25.2m120191 to £25.4m. The small increase In expenditure is made up higher staff costs due to the cost of living pay award and the significant Increase in TPS employer contributions to 23.68% Ipwiously 16.48%), which both took effect from September 19, offset by cost savings generated whilst the School campu5 was closed due to the Covid-19 pandemic. The increase in staff costs reflects that the School continues to ensu it can attratt and retain outstanding staff to prowde this excellent education with its broad and balanced curriculum, tO8ether with providing outstanding pastoral care within a safe. earing environment. Cost savings generated during the Trinity Term included from furloughing staff who could no longer perform their role5 on site whilstthe Schc)I campuswas closed and no commercial hire activity, as well as 5avillBS in caterin& academic supplies, consumables and repairs and rnaintenare expenditure. The surplus before transfer5 on the General Fund was £404.l2019: £295,01. Ourin8 the financial year as lockdown commenced. the 5chLN)I drew down £2.6m of its loan facility to increase its cash bank balances and loan balance accordingly to £5.Im. The School ha5 subsequently repaid this additional drawdown of £2.6m in September 2020. Capital expenditure durin8 the year amounted to £1.4m12019- £1.Iml which primarily related to the enhancement capital expenditure across the School site and spend on the Junior School re- development project. Thi5 expenditure was primarity IT investment in the technology in classrooms, the infrastrurture and new devices for teaching staff to enable them to Work remotely and flexibly between classrooms, and new department offices were also built during the year. A new multi-use games area IMUGAI was completed during 2019-20 and was partly funded I£ISOkl from donations to the Advancing Alleyn's fund. The School remains most grateful to those donors who ¢Jonated to either the Advancin8 Alleyn's"School's facilits" or-Atthe School's discretion" funds to enable this fabulous new facility to be built. Total net assets deueased from £46.2m to £45.4m,' total net assets of the SC01 before the Pension Scheme Deficit have increased from £51.Im to £52.5m primari due to the increase in inve5trnent values and cash balances from operating activities. There was an inuease in the Pension Scheme Deficit (see Note 19 to the Financial Statements) from £4.9m to £7.1m. Net assets of the School are financed by the Endowment Fund, other restrfcted funds, and by unrestrirted fLTrnds which have accumulated over the years. The movement in fixed assets during the year is shown in Nole 10 to the financial statements. The Governors believe the School is in a strong financial position to meet its future plans and commitments. Thi5 15 supixirted by their review of the School's latest financial projection5 prepared from a detailed budget and reforeta5ting proces5 and by the fact that the School has stron8 pupil numbers, there is high demand for school places during the current admissions process and there ha5 been continued investment over recent years to ensure that Alleyn's is able to provide a first class education within its excellent facilities on site but also remotety. as required during the Trinity Term due to the Covid-19 pandemic. 29
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31" JULY 2020 a) Tradlng Subsidiary Alleyn's School Enterprises Limited IASELI. a wholly-owned Subsidiary estsblished to manage the School's non-charity operations, is mana8ed by its Board of Oirectors. ASEL operations include commercial lettings of the Schoovs facilitie5 and its profits generated of £75.CQO12019: £105.0) were less than the prior year due to the cessation of cornmercial activities from March to late july due to the Cowd-19 pandemit,. they will be donated to the School for use at the School's discretion. b) Asset Cover for Funds Note 18 to the financial statements sets out an anaS15 of the School's a$5ets attributable to the variou5 funds. The Trustees consider these assets are sufficient to meet the School's obligations on a fund-by-fund basis. dl Reserves Polky The Schoofs reserve5 policy isto maintain sufficient unrestrirted income reserves to enable it to meet its short-term financial obli8atSons In the event of an unexpected revenue shortfall, and to rety on the readily realisable investments of the School's general purpose expendable endowment as adequate cover for the Sch¢)ol's longer-term capital expenditure commitments and any longer-term financial obligations. Thi5 includes the actuarially calculated but transient funding deficit of £7.1 million on the School's defined benefit staff pension scheme that. under FRS102. is accrued as a liability. The School's total reserves of £45.4m at the year-end included £38.3m permanent endowment, £5.8m of rèstricted funds and £8.4m of unre5trbCted funds after adding back the £7.Im pension fund deficit mentioned above. After excluding unrestrirted fixed assets with a net bk value of £1.5m. it leaves free reserves of £6.9m. The Governors consider this position appropriate in view of the School's development plan and available workin8 capital update. The capital expenditure Is reviewed by Governors and the funding deosions are part of this planning process. The primary use of additional unrestricted funds generated over the period of the development plan will therefore be to provide funds for new capital projects. These funds will not increasethe level of free reserves of the Sthool a5theywill be represented by fixed assets. In addition. it is eypected that the timing of the funds generated over this period w511 match the timing of the capital eXndItUre. thus leaving minimal additional fe reserves at any stage over this period. In con%dering their reserves policy, the Govemors consider matters such as working capital and the liquid reserves required for unexpected but unavoidable items of expenditure which cannot be funded from current income. The Governors are satisfied that the current position of free reserves is acceptable and in accordance with the policy. This policy will be monitored by the Governor5, Finance and General Purp05e5 Committee and reviewed annually. d) Fundralslng Approach and Performance We undertake fundraisirE attivities within the schod community via direct mail. telephone, solicitation of individuals, events. social media campaign5 and email in line with the Fundraising Code of Prattice set out by the Fundraising Re8ulator. Fundrai5in8 is overseen by the School's Development 30
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31" JULY 2020 Office by staff all of whom have detailed job de5CriPtions associated with their roles and receNe appropriate trainin8 to reinforce our fundraising ethic5. We are registered with the Fundraising Regulator and adhere to the standards ofthe Fundraising Code of Practice. All our activities are open. fair. honest and legal. We have not reIved any SAR requests during the financlal year. No other formal complaints were received about fundraisin8 artivity in the Year. Governors receive regular reports regardin8 fundraising artivity and performance. We have undertaken a wholescale GDPR consent exercise for our contact base with Buffalo consultants to ensure updated consent from our stakeholders. The year saw an increased number of donations towards bursaries: the total cash recerved during the financial year from former and current parents. alumni and fomier and current staff for the new Founderfs Bursary Fund was £319.CW and there ha5 a150 been a transfer of £66,(XXJ from the EA Fund to match fund donations received during the financial year lating to the telethon tampaign held in July 2019. The EA Fund is a discretionary fund. used only to fund bursaries, and the Governors approved matching fundin8 of donations received from the telethon campaign up to a maximum of £ioo,000. FUTURE PLANS The Governor5. focus is on the maintenance of a robust safeguarding culture and high academic standards while preservin8 the warm, inclusive and friendly ethos of the School. The School's commitment to expanding means-te5ted bursary provision. and to other aspects of public benefit, will a150 remain a focus. as will the capital development plan. The Governors will plan the Schoofs medium and long-term future based on the School Development Plan. which is reviewed annually by the Senior Mana8ementTeam and by the Governing Board. A ten- year pro8ramme of capital works commenced a few years ago. The new Lower School buildin6 was completed In 2018 and the redevelopment of the Junior kh¢)ol building is the next significant project; the whole-school dining facilities under consideration for development in due course. Planning permi55ion was granted for the redevelopment of the Junior khool on 13 Juty 2020. The Governing Board have given their commitment to redevelop the Junior School facilities as part of the long-term strate8ic development of Alleyn's to enable the Junior School to continue to benefit from flrst-cla55 facilitie5 as we move into the next detade. Once constructed, the new hall will be available for comrnunity use. enhancin8 the considerable work already undertaken through both Junior and Senior Schools. The project will also allow a small increase in the overall school roll through the addition of more pupils in the Infantyears. The timetable for construction remains subject to governor approval as they remain mindful of the ongoing Covid-19 situation. The costs for this project will be met within the School's current loan facility. The Governors are a150 keen to continue developing the khool's community and partnership links and this is the particular responSility of one of the Assistant Heads as reported in Section I lel. 31
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31" JULY 2020 VI. PRINCIPAL RISKS AND UNCERTAINTIES The Governors consider the principal risks facing the khool ty reviewing detailed risk management reports prepared by the Head antl his Senior Management Team both term and annually. During the Covid-19 pandemic an additional risk assessment was prepared to account for pupils returnirsg to School on site and all the detailed ri5k5 and the artions to mitigate against these risks. The reports set out the key rtsk5 to which the School is exposed. an assessment of their impact and likelihood, the controls to mitigate them and the monitoring that takes place. The key risks identified by the School are set out in more detail in this sertion. a) Safeguarding SafeguardinB remains the most irnportant featu of life at the School and the first Priority of the Governors, Headmaster and staff at Alleyn's. Everyone in the staff community at Alleyn's takes responsibility for 5afe8uardin& and the School always acts in the best interests of the Child. It is resourced accordin8ly with staff having clear roles and responsibilitie5 and one Governor has specific responsibility for Safeguarding. working closely with the Designated Safeguarding Lead and the Deputy De518nated Safeguarding Leads. All staff joining the School are subjert to an enhaneed Dlsclosure and 8arring Serwce Check and safeguardin8 training is provided regularly to all staff at the School. As part of the School's safeEuarding responsibiltties, the Covid-19 pandemic has required the School to implement new procedure5 and prot<xols in terms of pupils on site but also adaptin8 its processes for safeguarding whilst pupils were not attending the School's campus for their tuition. b) The Current Covld-19 Pandemic The current G)vid-19 pandemic has elevated certain new risks to the School whilst introducing new risk Considerations for the School.. these have been collated within a Specific detailed risk assessment. This document reviews ris associated with preparing the School to re-opening (both in virtual and campus model, risks rèlating to onsite Covid-19 transmission and the governance and operation of the School as well as medical and safeguarding risks. The list of actions to mr(i8atethese risks has been documented within this risk assessment. When the School opened °wrtuallf at the start of the Trinity Temi. a detailed risk assessment was prepared to reflert the specific risks associated with online 5earning for l)oth our pupils and staff. In relation to the physical openin8 of the camws, the School prepared the site carefulty. making many Covid-19 pandemic related adjustments. and provided comprehensNe communications to pupils, staff and parent5 before and since retuming to the School. The Governin8 Board have reviewed and appioved the risk assessment and register ahead of the School reopening and seek regular updates from the Head an(1 the SMT. A copy of this risk assessment and register has been included on the school's website durin8 the Covid-19 pandemic. c) Economlc arcumstances The potential impatt on the etonomy particularly during and after the Covhl-19 pandemic, together with the uncertainty of Brexit and the recent increase in the employer contributions in the Teachers, Pension Scheme create a number of risks that could impact the school's finances. The Board of 32
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS 5T YEAR ENDED31 JULY2020 Governors tontinue to review the Schoofs finances and future projettions regularly and are mindful of the School's need to manage its costs carefully. d) Change in Government Poll¢yTowards the Independent Sthools Sector A Bovernment policy or government change could lead to the imposition of taxes on school fees, busine55 rates being applied to the School, and regulatory changes concernin8 the provision of education. These considerations are. amongst other fartors. considered by the 8oartl of Governors. e) LO of Inforniatlon Sy5tem5 Integrity or Functionallty Due to the rate of change in technology. significant growth in use of the internet and social media, and the introduction of GDPR in May 2018 with its increased data protection obli8ations, an understanding of the information systems. risks rs essential to efficiently and effectively create a secure information managernent environment in the School. Various measures are in place in order to mitigate these risks such as password protected access, daity and interim backups to disk and tape. licence aBreement5, software purchased with respect to cyber security. and high availability of replacement equipment. Whilst the School campus remained closed during the Trinity Term. the khool's operations became wholly dependent on tT systems and ensuring IT systems are "fft for purpose" and reliable will continue to be a risk which is managed through the School's recent investment in IT resources and tts operations overseen by several senior staff. fj Unlverslty Admlsslons Universities have active 'widening participation. policies designed to increase University applications which may prejudice applications from the School's pupils. In order to mitl8ate this risk, the School maintains a good dialogue with UCAS and Universities to maintain a high level of awareness of shifting policies and attitudes. 8) An Event that Impacts on the Availability of the Slte The School has a Critical Emergency Policy that includes a "Get In. Stay Put" procedure. stsff training has been provided and drills for stsff and pupils have been carried out. The site is securely fenced and there are security staff at the site entrancès. The School is well located in London and therefore would access the support of emerBency services very quickly. During the Covid-19 pandemic and subsequent lockdown, the School was able to operate off-stte throu8h continuing its education online and this demonstrated that the School can operate remotdy without a site, for a period of time. h) Health and Safety Health and Safety is also part of the School's risk management framework. The 8oard of Governors nominate a specific Govemor to take an actNe interest in the SchTh)I's Health an(J Safety provision. re8ularly attending the tem)ly Health and Safety meetings and reportin8 back to the 8oard on health and safety matters. Health and safety has been a key focus during the preparation of the specific Covid-19 pandemic risk register to ensure that these risks are identified and mitigating actions and procedures are implemented. 33
ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED 31" JULY 2020 Other risks facing the khool include cost over-runs on major projects Imitl8ated by careful scrutiny of projects by Senior Management Team. Governors and commercial Project Managers). loss of key staff dLte to illness (mitigated by a sufficientty large Senior Management Team where every key role has an in.built back-up), and a si8nificant data breach lrnitigated by thè 8ursar. as the Privary Officer. and others as Data Processors, reteivin8 appropriate training and developing policies and procedures in liaison with key colleagues to maximise understanding and minimise risk). The GoverrKKS consider that this approach to risk Management is liketyto be an effective process and intend it to be on-going. STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILITIES Law applicable to chartties in England and Wales require the Governors. as Trustees to the charity. to prepare financial statements for each financial year which gr¥e a true and fair view of the School's financial activities during the year and of it5 financial position at the end of the year. In preparing financial statements giving a true and fair vbew, the Governors should follow best practicè and.. select suitable accounting policies and then apply them consistently- make judgements and estimates that arÈ reasonable and prudent.. state whether applicable accounting standards and statements of recommended practice have been followed, subjert to any departures tlisclosed and explained in the financial statements.. prepare the financial 5tatemÈnts on the gorng concert) basis unless it is inappropriate to presume ihat the School will continue in operation. The Governors are responsible for keeping proper acccHJnting records which disclose, with reasonable atturacy at any time, the financial position of the School and which enable them to ensure that the financial statements comply wtth the applicable laws relating to charities. They are also re5pon5ible for safe8uardin8 the assets of the School and hence for takin8 reasonable step5 forthe prevention and tletection of fraud and other irregularities. The Board of Governors confirms its acceptance of these responsibilities. In approving thls report, the Governors approve the dirertors. report. strategic report and the Trustees, Annual Report. AUDITORS A resolution propo8 the re-appointment of haysmacintyre LLP was approved by the members on 3 December 2020. This report was approved by the Governors on 3 December 2020 and Svdned on their behalf by.. Mrla arbour. Chair of Governors 34
ALLEYN'S SCHOOL INOEPENOENT AUDITOWS REPORT YEAR ENDED 31" JULY 2020 Independent Audltorfs Report to the Members of Alleyn's School Oplnlon We have audited the financial statements of Alleyn's School for the year*nded 31 july 2020 which comprise the group statement of financial activities. the balance sheets. the group cash flow statement and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reportin8 Standard 102 The Financiol Reporting Stondord upplicable in the UKond Republic of Irelond Iuntted KinBdom Generally Accepted Accountin8 Prarticel. In our opinion, the financial statements.. give a true and fair view of the state of the group's and of the parent charitable companvs affairs as at 31 July 2020 and of the group's and parent charitable companvs net movement in funds, including the income and expenditure. for the year then ended,. have been property prepared in accordance wtth United Kingdom Generally Attepted Accounting Practice,. and have been prepared in accordance wlth the requirements of the Companles Act 2C6. Basis for Opinion We condurted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibiltties under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that a levant to our audit of the financial statements in the UK, including the FRCS Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suffident and appropriate to provide a basis for our opinion. Responslbllltles of Trustees for the FlThanclal Statements As explained more fully in the trustees, responsibilities statement set out on pa8e 34. the tru5tee5 Iwho are a150 the director5 of the charitable company for the purposes of company lawl are responslble forthe preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the Pfeparation of financial statements that are free from material mi55tatement, whether due to fraud or error. In preparlng the financial statements. the trustees are responsible for assessing the group's and the parent charitable CoMpanS ability to continue as a 80ing concern. disclosin& as applicable, rnatters related to going concern and usin8 the Boing concem basis of accounting unless the trustees either intend to liquidate the group or the parent tharitable company or to cease operations. or have no realistic alternative but to do so. Audltorfs Responslbilrties forthe Audlt ol the Flnandal Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or In 35
ALLEYN'S SCHOOL INDEPENDENT AUDITOR'S REPORT YEAR ENDED 31" JULY 2020 the aggregate, they could reasonabty be experted to Influen the economic decisions of users taken on the basis of these financial statements. A fvrther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.or auditofsres onsibilities. This description fornis part of our auditorfs report. Conduslons Relatir¥ to GoinB Concern We have nothing to report in respect of the following matters in latiOn to which the ISAS IUKI require us to report to you where: the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate- or the trustees have not disclosed in the financial ststements any Identif material uncertainties that may cast significant doubt about the group's or the parent charitable company's ability to continue to adopt the goin8 wncern basis of accounting for a period of at least twefve months from the date when the financial statements are authorised for issue. other Informatlon The trustees are responsible for the other inforniation. The other information comprlses the information included in the Report of the Governors. Our opinion on the finantiJl statements does not coverthe other information and. except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materiallv misstated. If we identify such material inconslstencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If. based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have rthIng to report in this regard. Oplnlons on Other Matters Prescribed by the C¢)mpanles Art 21X)6 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Governors (which includes the strategic report and the directors, report prepared for the purposes of company lawl for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the strategic report and the directors. rert included within the Report of the Governors have been prepared in accordance with applicable legal requirements. Matter5 on Whith We Are Requlred to Report by Exception In the IiEht of the knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the Report of the Govemors (which incorporate5 the strategic report and the directors, report). 36
ALLEYN'S SCHOOL INDEPENDENT AUDITOIYS REPORT YEAR ENDEO 31 JULY 2020 We have nothing to report in respett of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion.. adequate accounting records have not been kept by the parent charttable company; or the parent charitable company financial statements are not in agreement with the accounting records and returns- or certain disclosures of trustees. rernuneration specified by law are not made.. or we have not received all the information and explanations we require for our al1t. Use of our Report This report is made solelytothe charitable company's members. as a boty. in accordance wSth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken $0 that we might state to the charitable company's members those matters we are wuired to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit work. for this report, or for the opinions we have formed. Rlchard Weaver (Senior Statutory Auditor) For and on behalf of hay5macintyre LLP. Statutory Auditors 10 Queen Street Place London EC4R IAG Date.. 17 December 2020 hay5macintyre LLP 15 eligible to ort os on auditorin temis of settion 1212 of the Companie5 Att2CL16 37
AiLEYN'S SCHOOL GROUP STATEMENT OF FINANCIALAcnvmES YEAR ENDED 31" JULY 2020 Y•ai Full Y•ai ZDI9 IMCOME F¢5 rceivèi4e Schtyy Othei inci)Te 22.144 415 21.144 415 21033 515 ¢omeliamG•fftwed FuAd$ SLOtharyf 266 ornEfromfvndv1W Ktlvrt ¥961 357 97 319 415 IAc¢NMlmm 711 647 li Toul 2$5fj0 ,03Z EXPtpitlURE 24 14.967 ExFrf0tyfromtradiB 191 247 E4¥endltLYeon 1wdrjjHt4th1ths Fwthlsiy4•nddint 297 297 156 25M54 IS.9 IIET w4C0 BEFORETR4NSFER5 JID IN¥E5TMEtr4TfjI15NDLO55Es 187 324 912 825 55 153 Trdnsfer5 beN4YeTrlun05 li NET INCOME IL05S1AA TRAIISFEIIS ifj¥ 1,055 6S7 IL8571 In NEf MomIlAJNOS Btavardba1ae 31274 45,581 PJN0SftMED FORWARD 34156 •S42* 46,231 All the above results are derweé from ¢ontinuin8 attivites. There are no other gains or losse5 Other than th05e stated above. The note5 on pages 41 to 59 form an integrnl part of the financial statemenrs 38
ALLEYN'S SCHOIX BALANCE SHEETS YEAR ENDED 31 JULY 2020 2019 FbXEDASSETS Axed Assets InvestrnEnts 39.fyJ2 14.370 39.C¥J2 14.370 15,917 15.917 CURRENT AMETS Oebtor5 Cash at bar 13 L336 6.D31 1,388 s37 8.586 8.534 lgs uo aiEorroRS: du• wlthkn ¥••r Crtditr (J.774 13.7381 ETCiWENY A55Ets TOTAL ASSETS LE55 CURRENT1141imES 60 $4199 LOWGTERM LLADILrfiES Qedit¢ts pav•ble Jfterone year Defified Benefit Por6ion SchÈmÈ Doficil 18.207} 17.0851 15.8671 {4,8671 18.2071 17,1)851 Is67) 148671 Jg T07AL NET A55ETS 45A zji 45.354 4&ts5 AÉPReseNfED BY.. ENDOWMEFIT FUNDS J8b 356 274 356 3&274 RESTRKfED FlD5 J8c 5.wl UNRESTRrcfED HJNOS DESTED AJNDS GENERAL FVN05 DEFINED BENEFIT PENSKIN SCHEME RESERVE J8 18e J8e 1243 7.114 1,243 14I671 17,08SI 14.8671 4SJ54 4115 The finarKial staterMMS re 8tyd 3 Decenkn2010aNlsrznEd w trirtehair Pth4WA KtA lox} (Etrnl •£IB R lifitkard (Ecrn) FCA I thE abovsls are derf¥•dlftmm nooiheris orlosses tFthe 5tatedabM. The notes on pages 41 to 59 form an integral part of the finan¢4al stateff*nts. 39
ALLEYN'S SCHOOL GROUP CASH FLOW STATEMENT YEAR ENDED 31" JULY 2020 lQJ9 Notei 2.299 116 •sh 11(Jwsfrom In¥e#kni •ctlvltlek' Payments to &rfire tawikle fixed assets Payments to xrylre in¥esfftnt5 In51Mer irKm and barthimerE5t rec•1 Interest p4¥able Prt(eeds OD thswsal l•ffj14el¥ed assets 11,3961 11,4141 721 11.1771 64Y 13461 li N•t cash louthowlfrrAn Inv•#kn8 atttvlttes Il•sfr•m lknan¢lw A¢tl¥ttf•&' NewLo•ms &a Net cosh Inlhjwfrorn •dl¥Olies Char6e in ca$h and c¥sh eqalents lo 2,555 LJ51 Cash and cash eqL4¥alenls at the of ri(J 6M31 4.6) Cash and cash eW¥alenis at the eThloftre rEwtir¥ pe1 6,OJl Note IC19 ReMntiliiti•n of ntt In¢omt• ¢•thlhiw fvom operathy xti¥ilR&' Net inr¢wTrr¢ reStA&rtts l(the sa iminatlw of n0fvowrat5 cash ncw45'. . IrNesiftrf I(r Indintei reCblE - FlnarKe costs P111 C disposal of fixed asset Defined tenefit peTr5icffl sttomE welated costs Irthcash Oepreoationcharle (lnCasedeCrea5eI deicrf5 IrKrea5elldecrea5el in co(thtor5 exc1wli fÈes in s£hOffa thpJ51t DeCaSe in fees in aokrKe 5cheff* a1 fee dÈFQ5its 91Z 823 IS171 261 361 L575 249 14561 167) 12731 514 1473 L377 1,293 li The notes on pa8es 41 to 59 form an integral part of the finarKlal ststements.
ALLEYN'S SCHOOL NOTES TO THE FINANaAL STATEMENT5 YEAR ENDED31°JULY 2020 I. ACCOUNfiNG POUCIES al Basls of A¢(ountln8 The Financial Ststements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. the Companies Act 2006 and the Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with FRS 102. Alleyn's School, the charitable company. is the corporate trustee of The Edward Alleyn Trust. The consolidated financial statement5 reflect the activities of the group for the year ended 31" July 2020 and the comparative amounts relate to the activities of the group for the prior year. The accounts are drawn up on the histori1 cost basis of accountin& as modified by the revaluatlon of fixed asset investments at market value. consistent with the prior year. The Financial Statements have been prepared to give a "true and fairt view and have departed from the Charities IAc¢ounts and Reports) Regulations 21Y)8 only to the extent required to provide a "true and falr vievf. This departure has invofved following Accountin8 and Reporting by Charities preparing their account5 in accordance wtth FRS 102 issued on 16 Juty 2015 rather than the Accounting and RekKJrting by Charities: Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. The Chartty has taken advantage of the exemption available to a qualifying entity in FRS 102 from the requlrement to present a charity only Cash Flow Statement with the consolidated financlal statements. Having reviewed the funding facilities available to the Charity, together with the expected demand for places and the School'sfuture projected cash flows, the Governors have a reasonable expectation that the School has adequate resources to continue its activities for the foreseeable future and consider that there are no material uncertainties over the School's financial viability. A¢cordin8ly, they continue to adopt the going concern basis in preparing the Financial Statements as Outlined in the Statement of Accounting and Aeportin8 Responsibilities on page 34. The Financial Statements present the Consolidated Statement of Financial Activities I"SOFA"I, and the Consolidated and Charity Balance Sheets comprisinB the consolidation of the School and its wholly owned Subsidiary, Alleyn's School Enterprises Limited IASELI. The net Sncoming resources of the Charity are disclosed in Note 18 lel. The Financial Statements also include the results. assets and liabilities of the WJ Smith Trust under a uniting dirertion of the Charity Commission. The School is a Public 8enefit Entity, a5 defined by FRS 102, and a company limited by guarantee. It was incorporated on 31 March 2017 Icompany number 09401357J and was registered as a charity in England and Wales with the Charities Commission on 27 May 2015 IRegistered Charity Number 11618641. Critical Accounlln8 Jud8ements and Key Swrces of Estlmatlon Uncertainty In the application of the accounting policies. Governors a required to make judgement, estimates and assumptions about the Carryi value of assets and liabilitie5 that are not readily apparent from 41
ALLEYN'S SCHOOI NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31° JULY 2020 othef Soufces. The estimates and undertyingassumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertyin8 assumptron5 are reviewed on an on80ing basis. Revisions to accounting estimates are recogni5ed in the period in which the estimate is revised. if the revision affects only that period. or in the period of the revision and future periods. rf the reVisn afferts current and future periods. In the view of the trustees, no assumptions concerning the future or estimation uncertainty affecting assets or 1Sabilbties at the balance sheet date are likely to result in a material adjustment to their Carrying amounts in the next financial year. The following accounting policies have been applied consistently in dealing with Items which considered material in relation to the School's financial statements. are bl Income Incoming resources comprise tuition fees, grants and donations. investment income. interest receivable and other miscellaneous income and are accounted foron a receivable basis. Rental income on investment property is recognised on a Straight line basis over the leasè term. The Dulwich Estate distributions are accounted for on a receivable basis but in practice all distributions are received within given year. Oonations are accounted for as and when entitlement arises. if the amount can be reliawy quantified and the economic benefit to the School is considered probable. Fees receivable and charges for services and use of the premises. less any allowances. scholarships, bursaries granted by ihe School aÉainst those fees. but including contributions received from restrirted funds, ère accounted for in the period in which the services are provided. c) Expendlture All expenditure is accounted for on an accruals basi5 and has been classified under headings that aggregate all costs relating to that category. Costs of actiVitS in furtherance of the Chartvs objects c¢)mprise expenditure directly related to the provision of education along wtth the related support costs such as management and professional fees. Governance costs comprise non-charitable expendtture required to fulfil statutory requirements and are in respect of the cost of audit and Trustees, meetings and are included in 5UPPOrt activities costs. d) Tanllble Flxed Assets and Deweclatlon In 1995 the net book value of the buildings were transferred to the Governors of the School from the Governors of the combined Board of Dulwich College and Alleyn's School and in accordance with the Scheme form part of the Endowment Funds. The transferred net bookvalue consisted of expenditure on building developments since 1960. The Govemors confim) that information relating to building developments prior to 1960 is not readi available as the School had at that time an accounting policv to write off any capital expenditure on buildings. Such buildings are treated as inalienable as the School is nae to dispose of them as they are endowed. 42
ALLEYKS SCHOOL NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31° JULY2020 Items offurnfture. apparatus. and equipment Costing less than £IO.I)Xl are charged against income in the year of purchase. Depreciation is prowded on fixed assets to write off their cost less estimated residual value over their estimated useful economic life by equal annual instalments as follows.. School buildin8S Roof and structural works Building services and fixtures Fixtures, fittings and equipment l.T. hardware and software 50years 20 years 10 years 3 to 5 years 3 to 5 years e) Investments Investments held for the long-term to generate income or capital 8rowth are carried at market value as fixed assets. Realised gains are the difference between sales proceeds and opening market value where the investment was held at the beginning of the year. or sales proceeds less cost of purchase where the investment was acquired in the year. Unrealised gains are the change in value of investments after taking into account any movements in investment holdin85 such as purchases and disFK>5als of investrnents. Realised and unrealised gains are accounted for within the Statement of Financial A¢tr¥ities. Investment properties are valued as indi4rydual investments initially at the cost of acquisition and subsequently revalued at fair value where this is materially different. Purchases of investment properties are recognised on exchange of contracts. 11 Leases Rentals paid under operating leases are charged to income on a strai8ht-line basis overthe lease term. 81 Funds The charstable trust fund of the School and its subsidiaries are accounted for as unrestricted or restricted income. or as endowment capital in accordance with the term5 of trust imposed by the donors. Unrestritted income (known in the Financial Statements as Generall belon8Sto the Sch¢)ol's corporate reserves, spendable at the discretion of the Governors either to further the School's Oblects or to benefit the School itself. Where the Govemors decide to Set aside any part of these funds to be used in the future for some specific purpose, this 15 accounted for by transfer to the appropriate designated fund. The purpose and use of the designated unrestritted funds are set OLrt in the notes to the accounts. Restricted income funds comprise unexpended balances of donations and 8rants held in trust to be applied for specific purposes. Restrictions arise when specified by the donor. 43
ALLEYN'S SCHOOL NOTES TO THE FINANCIAL STATEMEpirs YEAR ENDED 31° JULY 2020 Permanent endowment funds comprise trust funds which are SLtbject to specific trusts declared by the donors or with their authority- The condttion of the trust is that capital element is not expendable. The income arising from the investments is applied only in accordance wrth the conditions imposed by the donors (where specified) or for the general purposes of the School. In addition. the endowed funds include additions to the endowed land and buikjings given to the School. These funds are held by The Edward Alleyn TrusL h} Pension5 The School participates in three pension schemes,. the Teachers, Pension Scheme, a defined benefrt scheme with the Local Pensions Partnership. and a defined tontributM)n personal pension scheme with Scottish Widows. The School participates in the Teachers, Pension Scheme I'the TPS'I for its teaching staff. The pension tharge forthe year includes contributions payable to the TPS of £3.121.94512019: £2,385,807) and at the year-end £264,IS312019: £199.9881 was accrued in respect of contributions to this scheme. The TPS is an unfunded multi*mployer defined beneffts pension scheme governed by the Teachers, Pension Scheme Re8ulations 2014. Member5 contribute on a.pay as you go" basis with contributions from members and employer credited to the Exchequer. Retirement and other pension benefits are paid by public funds prowded by Parliament. Following a valuation retx)rt dated 31 March 2016, in September 2018. Her Majesty's TTea5Ury announced that employer Tèachers. Pension Scheme contributions were to increase to 23.68%, including a schemè administration levy of 0.08%. with effect from I September 2019. This has subsequently been confirmed and therefore the School has paid the higher TPS employer contributions from I September 2019. The London Pensions Partnership I"LPP"I Ifomerly known as the LPFAI scheme is a defined benefit scheme. From I july 2007 this scheme was closed to new members by the Board of Governor5 but remains a¢tive for existing staff who were alrea(ty in the scheme on l July 2($7. The pension costs charged against income are based on artuarial methods and assumptions designed to spread the anticipated pension costs over the seNice lives of the employees in the scheme, 50 a5 to ensure that the regular pension cost represents a 5ubstantialty consistent percentage of the current and future payroll. Variations from regular costs are spread over the remaining service lives of the current employees in the schemes. A stakeholder pension scheme with Scottish Widows was made available to new staff from February 2014 at the Same time as auto enrolment was introduced. The net liabilities of the pension scheme are irKorporated intothe Group and Charivs balance sheets In accordance with FRSIO2.
ALLEYVS SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31° JULY 1020 11 Advance Fees Thls Is a scheme whereby parents and others make advance payment5. which together with the dixount accruing thereon. provide for a set contribution each term towards the pupils, fees. The capital portion outstanding is recognised as a liability and the amount of discount crystallised in the year is included in the income arKI expenditure account under finance charges. 11 Hollday Pay Accrual As required under FRS 102, the School accrues holiday pay for it5 Staff. The accrual reflects the Cost of annual leave that has not been taken by staff at the end of the financial year. k) Financial Instruments Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost with the eKeption of investments which are held at fair value. Financial a55ets held at amortised costs comprise cash at bank and in hand, together with other debtors. Cash at bank and in hand is defined as all cash hel(J in instant access bank accounts and used as workin8 Capital. Financial liabilities held at amortlsed cost comprise all creditors except Sla1 security and other taxe5 and provlsions. Assets and liabilities held in foreign currency a translated to pounds sterling at the balance sheet date at an appropriate year end exchange rate. 45
ALLEYN'S SCH(IOL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31" JULY 2020 ote 65 dayfw5 14,3X 216 24 197 11621 110341 1$521 11.9331 Means tested tSae5 4nd¢errIr44Isrf 273 144 b) Thg to¢•1 bur4rbMr•¢knd Imrn oth•rfvNd5camhtofr. Re51rfcd. Sothkn FLTrJ Re51ncd. WJ Snwth Re5thcted. PetÈrLaThfftr Res¢rtd. Aknn'5 Re5th¢d. lIn W• Restncied. CtylL119ParthiC 120 22 275 te51edknoDe5 lutallir Éllknve wid * IQ3 m¥1201. rl ELkn dl) WjNDRS16.ESgate Til••5dsraTrf4 The DLrfi(h Estsft AMIrt ThE Sad41er5 723 LnJ 521 521 20 T17Ch Èstst*thbfbJtth. h¥•Jal Gi TheSathJkLsCryrwfy¥¢ L061 IL¥J 1.861 1961 stsff 52 16 51 51
ALLEYVS SCHOOL NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31° JULY 2020 INVESTMENT ANDOMftINCOME H•ArtGted Endowed 2010 ID¥estmert Ion aThJLhetio Rwaltyart ifr•tStft Irrffjwj SffthTru51 Banklnterest irt¥eStrrnt irthT¢ Prtteeés on di%wsal of iaryiFIEfiKeda55ets 317 414 2UZ 423 232 65 lTre51rwrt Fw RrypltyaTrJ Ir£1 rrc•hWJSnrfthT¢ eel5 oTro&spD5alof taryiL4e fil3$1¢ li li 334 &STAFF¢OSts Wales salariès 5x471 securftyWSts 13.800 1.526 [484 iiii 75 17.114 Teathr¥ staff 5tsFI In 335 176 321 149 126 2TI trustsE. P4rt stafl iN1e 51afF& crrfthcts. Zero ..+arn iTrth15knW5.14FegrdS. )11&aY stafF, baras%iStsrrt5, aftemthw4<l¢•Ier. I•PlfaSSi#art5 arddLtyrn•rw. Nthr Jthr ay E70,WI- ÉIO.C .Wl. Ellh).rxv £1Qo.L- ÉiW.tXXJ £iio.rK)1-£12omJ £12O,rrt. £130D £210,D)l. E220m) £2X].fOI. E240M tzrrnw0tk pJweNswe (201. tLY4). 47
ALLEYN'S SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31° JULY 2020 7. AMALYSLS OF EXPENDtTURE Other thr•£t ¢gsts owratL 2020 Total endltuie M ¢harltableartMlbe5 Frieth. CoUnity & CLwr¥rwial prnYT• Teathni costs Welfare PniseS SuppJt Grnnts. awards and 103 17.sfyj L196 3,134 1345 15.239 677 325 443 264 871 L522 753 L169 L328 32 161 31 358 Hr•n¢e Casts 97 17936 J21 24,966 EXpeNdlre on fundrahlnl 4ctMtle5 Fundrai5iry develtYrf 179 118 197 Epen¢ttur• on IradlTr8 aCtItIeS TradinB &Jb5iOary 157 191 Total epended S.4n 1,709 25N54 Oth dtreEt COStS D•prn¢lalTr 1019 Total dlturt on th•rltble 11¥4tles Frterrtts. c(frmity Conwwrcial Prcwaii Teachirq costs Welfare 103 14fv38 103 IV14 L549 1418 752 1,249 L781 624 L229 L417 SUprt Grants. awa$ aThJ 243 179 24 246 279 eosts 361 1.575 endtt¥r• lundrl4ni •t1tr411i 138 326 Ewwdlture on trndk)8 Xt14#5 Tradi SLtsl¢Sary 37 Tot e¥•thded 17.299 L575 25.209 2019 Expefiditure on ond go¥qrn acti¥lllÈs Staff costs Communicaiion $ts Other 5UPPKrttosts 1.328 196 557 32 264 L416 163 666 24 143 2377 1511 Ewendlture In¢lyde&' Auditor5, rewotherdtith)fc¢awS1 ser¥ices ditots, remL¥rati*¢xheT$¢rykreS Dep181{n 27 1709 1575
ALLEYN'S SCHOOL NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31" JULY 2020 & FIF4AN(È COSTS zo 2019 Fees in J&4•rKe ¢W-firKIng Pensi( liality relatsd costs Bank thteresi OtrChae3 57 97 204 63 182 358 9.TAXAIIOPI As a re8lstered charty. Aleyn's is liatrje tsx deristd fmm its charitable activities. 10. FIXEDASSETS it•%ehold FIx1¥f & Freehold ttln85 & bulld5n8s EquSpment Group Flxed Total At I Au8U5t 2019 Addit+XO sposa 52.942 1.034 4.613 362 57,555 I,a96 1261 At 31 July 2020 519?6 4,949 58.925 Depre¢latlon At I lust Z019 ChHr8e forthe Di5P05a15 14W 1361 18.553 1.709 1261 At 511V 2010 251 20.236 Net book Yilue At 31July 20x1 At 31 IL4y 2019 Hxed •x•ts •re •I¥d bween luhds xlolo¥ Erthwrrent General 37,194 531 37.194 IA95 At 20x1 37,725 The fixed assets a used forthe directtharitst4e PwFes. The SCW has ele¢te4 in a[crydae wrh 5ectioD 35.IOldl of FRS 103 to Use the vèlL* at l 2016. thE date of transit to FBS 102. th2 abrMefreeWd buildlws klOUS1Y valued at Yiluaiion. as deed COSL 2019 ts corrtrarted relarfw to future ca1 27 27 Th• cuNent s7 thE 5(hwfs troJ4thr45 aTrJ w0port ¢ontrt 4nwMts to £114 milkn PQJ9." £111 miliohl. 49
ALLEYN'S SCHOOI NOTES TO THE FINANaAL STATEME15 YEAR ENDED 31"JULY2020 11. INIE5TMENT5 ?Q19 13,837 J6 11701 16 Share Ire4Y5bTenl 15 15J17 14370 i¥ni re1• netyknd£Z982. CCLArrov8e •Ild5¢1% I1115. IfhStr)rt arCFaC¢<AéS. 2019 Al I lOI¥ 14.371 L413 14.537 Reatssed net 8aif6 Urrtised 8allAse$l LX) 11661 AI JIA4y2QlO 14Jn 1019 ÉquibES Flxed irt¢hTe .180 692 1.937 1,028 7.991 1,928 1.133 Cash A pt¢perty w45 5rW in X)LS aj rt is Iw•xe5 ore r<rt Y5ed kn tre 5cW's is a resideital FYLVPrtyltt (Lthe cw m)rtet•r¥O1d re<S 41 2019 2D19 ASIIMm•rtsod Pwofft•thd iwsA¢<MtfwASELlsd¥Th beloy. 352 1247) EiwJilL¥e 2019 234 112 CTethtths Tr Sckn4 LV4ffi1 tr ¢awtal sImn5. •t JI th 2010. É24.$8212019".ASEL £9L76I.
ALLEYN'S SCHOOL NOTES TO THE FINANa 5TATEMErirs YEAR ENDED 31° JULY 2020 I& DEBTOR5 2019 2W9 287 497 822 927 173 796 187 497 327 173 Prepaymert5 & accnjed iN¢m) i d7 Afrwnts U¥sTd lryh5Ei &JJ6 OtherdettyS irtludes a deKNk%ittsf£fAXII¢Id¥ttyQ as •8uif•rtte loi r&lfJhcfthtrLiuti WTth rEsPlI0 theTeachers' Penslon heffe LW iK¢Kwafj¢47. OIARITr 11. (REiJifoR5-fallkni du¢ •fft• ¥•ar A&•ante rv5 Fte dÈptysits TaA, Nati(Thl Othercrtditors Amunts t0EL •4r¢unts thje oThcaFltal yolects TRde creL¥tcn rtheraunjals L ¢redty5 ore16 851 129 851 129 L019 1&7fe16 139 653 L146 L246 25 It9 197 4Y 37 197 454 587 4774 IX5EaiRtD LOAMS FORiAND APID•LUtMMff4 Toi•l 1 ut 201 Nèw OÈ1Wrt Ltyin in PErKrtl 2.605 At 31 lthly 2020 FIlUry dwEforr•p¥yfflem: 3.645 L441 L778 Detalls af bk114n Is as 1dlfw'. |oJn IKility asreefflert ten 1$ sirtd Qh ?lStOrt&r ZD16 hJnd5 t•ilthr¥ L¢Mtr Schod olhEr dEveprnEnt woiert5. TFe Ic4n 55 secured rn the freehJd5 rf the SVTral 4nrill4ry wvnies the Interesi Is pay•t4è at a ¥aaLl ratè artd Octhr2021. Theathi11 thR)Ad£2.n ha5 rvhy4fterthereTr 51
ALLWIN'S SCHOOL NOTES TO THE FINANCIAL STATEMENT5 YEAR ENOED 31° JULY 2020 l&aEPlf(MlS.th• iftuon•y•ir GROUP &OIAHIIY Arnounislalkn(du•alMr f4 v Secured Bank10I5 Z.481 Lsn L549 Fee dewyts 1.43B leeskn advan¢eand fte depo1•¥ d•e 278 thertafter 4575 17. FIIANa4LINSTRLIMEPIT5 Fir&yncv41455ets affse(uStla) Firncial assets rtsedIt frvèluelbl Flnancial Ila&illtles Tha$ed al arrA%lised c05t{< ,195 15,917 Ill87 X4.3YO 9.641 J& al The netasset5 a lty IVarKld5 WJ Id15.. raoup 37.194 7991 L495 14,837 Oefkned 8efft 5rFoth Carnmnlrfrfe51rnEnt Fwd5 NetQlherassets I7.Cl 16 16 ID7 Im2 5,619 YU56 4%429 2019 Tarltdefixedassets Irstrrnty 3?13 7J 4.745 15rtr 1064 Defined Beneht Pysim5dwe 5cFttAs N•tQlh•rassets Bank knan 14.W6n 16 106 16.2341 12.4811 1,156 ¥274 46231 52
ALLEYN'S SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31"JULY2020 knvKtnioAt At JI luly GftthJPANDaiip lryfi'j s (lw1h5Cthl Crr•T1rIskn¥rtPI5 9J76 32 9J40 2BJ77 6Lildlrys Fw {3191 77 kn¥•#rn•n¢ Atjllu J.$ 5tWAwathFu lio21 Bulr45 FL ¥274 in 1995 1ramThtthlch E5¢at8 Fr8 ¢eiQt¢ftrtyrftyc(thiiSSiwap 111 Tho rot ¢W4 un • tAr&fr btNn UnrE51rFttod Furls Fwd. dÈfknt ¢n Fwa. tots &ilLrf5 Fur Litl th• LrtJtrtct¢d sdfitiert resw¢e5 53
ALLEYN'S SCHOOL NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31" JULY 2020 FW105l¢•rtknu Flrf ZOE Wthey Fyr4 Stt to1551 Tr¢ WL hlsbEen a¢VeÈ4winyfya¢crt¥ftd S L4WEry. inwtsltl•SSL¢t th ThÈlntLw alSÈraryS(hthY kniry15 Ern5T& In thÈlria¢ ¥•#m•nt &IOUPAND(¥AIIry ¥IWWnFuthl Wl SDWIhT5T w¥.[r•W54ryF z•P¥thFj 33 17 Atllju 2019 8LwFw 17J 736 WJgrithTnJ51 27 Zr•kylryFur 1•5thd Lv5ano5. tsJlth Estate (hyaii. I1&1 11012. ThÈ bryIliar&I0IrOwOSQrtS trornlttlwd AlrmFurd ILYduniOty* 4243 Fwwj ll6
ALLEYWS SCHOOL NOTES TOTHE FINANCIAL STATEMENT5 YEAR ENDED 31"JULY 2020 AtJXJL* Fund 25JEO 114,7951 1)6LI IIA571 iu¥n 2419 c 25JM I24) 13611 IU571 17,0151 1249 At3lJ fjROUP 2• 47F4 25J25 IN525) 152lS 17) IA At iijuty 1019 L• 124279] 4703 In 55
ALLEYN'S SCHOOL NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31° JULY2020 PEPISK)MAqWIGEMEW The Is a ar•ll% fv4ory. ContsibAoM lie thE arl Lwto tse Exfr•w. fv tLVrtm tr¢ s¢ 16.4Nfor A4ust 2DJg ¥nd 23ts reatrI1019.. 16.48XJ. Eotor&tQS bthJEtn7.1%4r4 I1.MIlI.1.7.Th. ILfAI. Illhe [sadEfid bErnfil5thE 5¢•ll•téiS •$1¢ the FuidAknthrth knattwdance and1y&Cthll F.The ontr12thkn irn7 0E<l510 lo(koe xhThTe 5ff i ju2( Styty Stsft CL5¥+S b•rf•na b•Md•i a salary 55% 12.5X wnlrfknAknn5 12.14%1a Marth 101¢ w13.81h1i1o1 21.14%)¥•1(asb¥&rfEjl93312I9..£Io?4l was wdeintr¢ fiNwèI Ye¥ intrtsJKed idtrnolIry2ol E189.OJ5 IIOJ9". £151.561)WWE polIE1 5rhENY5 •Itsrend. •1 t¢81 LPPStkn*s aJlhdy2DJg. M7 1016 14117 1112 14J37 1183$) (17791 SJ02 )• 471 CL¥r•nts•r4K• rojt Int$1 fQ5t L774 125 17451 136 IiU7 56
ALLEYN'S SCHOOL NOTES TO THE FINANCIALSTATEMENTS YEAR ENDED 31° JULY 2020 19. PENSION ARRANGEMENTS le0ftnued 1019 £'othJ 10.348 273 I Changesln falr ¥4¢ pkn 455• Oper4n8 fairvalue ¢f errfdwr assèts Inte$1 assets Return assets excl1r Inieost OtraCtuaallO55 Al$a¢•I expertse CCtrfbuti¢ by merr¢r5 CltributiOnS enl0 Benefits pald 11,270 231 366 12491 87 241 14121 236 (nI lalr¥alueol plan awets IL559 Ser¥ice cost of defird benefit schon Net interest delined liability Ad$¥¥¢n expwtses Er1Contrt•r&s 517 lis 13 12411 97 15 12361 lot•1 Imwnt ¢har¢ed totheWA 361 Chanp In penslon delktt Openirq penslon twicit Defined genefit Fero1 sclwre relaieilexpeTrlittae Aerasurement of the deffned lia.1[ty 14,8671 13611 11.8571 14,4561 Clwkni penslon delktt 17,0851 148671 Shate of Fund ¥•e at Shr¢ of of Fund ¥ilu at Total pim 31July2019 20 £'ocKJ Ttst p •) ma ttlIeS of plan •tss• p¥untsB¢oftotsl •x•tg Equities T¥et return wJrtfc140 irtrastructwe Pwerty Cash 54 25% 6.141 2,862 1,072 710 1,027 594 Total 11270 57
ALLEYN'S SCHOOL NOTES TO THE FINANCIAi STATEMEPITS YEAR ENOED 31° JULY 2020 19. PVISION ARMt4GEWP4TS l¢Mtinuedl Pw annum P•ranvthUffl 2019 io.(•)% 2020 Expected retuffl on klan assets fthe year to YI J¥ SJlaryifflcreJ5e5 31 JLly2021fJi Morth 2020 S•l•ryirfreases •ftw3114y 2021131 Marh 2020 Pen%tsi increases ICon5un%rPdce ti5CQUrt rare 0.05% 3.2S% 2.25% 2.05% PD5t retirerrent tr<wtslitytsides ha (stY1 b•sedth •matysis. se b•se utAes I kn wjieued V5ir¥ Ck4 2018 4lltyir% fiwa .termod irrywrfrf 1.25% snxthry pa¢anteroF 7.0 antt an ljaI tolThYrnets perarrn F•m•l•s 24A 25.9 Cvrierrt pwo1(Xr5 21.3 22.7 20. FEES SUPPORT AIIDAWARDS 1019 IIM'S bursane5 hdar5Fok Other fi•anri 5UPPUrt L912 L82S 51 Izz logz NonthrnPan5 to#ed awards Ac•derric khd•rhlpS a1(XwI•rd5 501 GrNts. •wdsd prts•slytyd•d tsyth•S¢h•ol The nurrtxrafpJFM15 fram$darsliP¥. bxsarf*5. slaff awa% was 5a3 {2019.. 513} NetTuhlon Fee¥ 24.542 12,LYJ21 24.245 11.9841 150LI Fee Rebxtkn. Iar tested Fee Rethxtic. 14Lm tested 2LMO 21. OPEPATING iEASES COMMITMENTS 20 Pwertv Pvopwty oih¢r Falni duefor repaYmt. year to fi¥eyears thereafter 117 195 171 ioi 58
ALLEYN'S SCHOOL NOTES TO THE FINANaAL STATEMErirs YEAR ENDED 31°JULY 2020 22. RELATED PARTY TRAN&4cfioNS Alleyn's School is controlled by the Board of Governors. Mr l Barbour. Governor and Chair. is a director of the corporate trustee. Dubwich Services Limited, whkh manages the affairs of Dulwich Schools Common Investment Fund. The heads of the three Dulwich Schools are appointed as trustees of The Dulwich Pitture Gallery on a rotational basi5. The School makes an annual payment of £5.C(Q to the Gallery to pay for School trips and admission for staff and pupil> Transactions wf(h Dulwich Schools Common Investment Fund include: Investment share of the Fund £16,243 {2019.. £16.2431 The Dulwich Estate, a regIste charFty. has been known as such since 1995 and emanates from Alleyn's ColleBe of G¢)d's Gift at Dulwich. Edward Alleyn. a succe55ful actor la contemporary of Shakespeare) and entpreneur ught the Manor of Dulwich in 1605 and, in 1619. established his College in Dulwich. Alleyn's School is one of The Dulwich Estate Charit*s Beneficiaries, continuin8 to maintain the aim of Edward Alleyn to Provide access to education through schools. Transactions with The Dulwich Estate include: Estate distributions recewed.. £1.8m12019: £1.9m) Property rent paid amounting to É73.21712019: £114.7641 Dr G Savage, the Headmaster of Alleyn'5 durin8 the financial year, was a Governor of the London Academy of Excellence Tottenham ILAETI. The LAET is a maintained free Khool for sixth form students in Tottenham, north London, which is co-sponsored by Tottenham Hotspur Football Club and Hi8h8ate School, supported by the Oepartment for Education and a number of other Independent schools. Includin8 Alleyn's. Three academic departments at Alleyn's are the primary links with their opposite numbers at LAET. The Headmaster, several Heads of Department and other senior staff from Alleyn's have made a number of visits to LAET to undertake reviews and pOrtS to assist the school in its formative stages. The Headmaster of Alleyn's during the financial year was a trustee of the Southwark Community Educatlon Charlty ISCECI which oversees the School's Saturday Maths Scheme. This year, 50 of the School's Year 11 pupi15 volunteered on Saturday momings to support this scheme, free of charge. No money is paid to or recewed from the SCEC. The remuneration of the Key Management Personnel is disclosed in note 6. One trustee had expenses of £177 reimbursed during the year. During the financial year. the Governors donated a total of £1,818 12019: £63,750) towards the Founderfs 8ursary Fund. Other than the matters above, there are related party transa¢tions Tequiring di5c105ure. 59