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 Bur￿rieS 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 ￿Spe￿l¥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 fvtU￿l 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 p￿sident. 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 p￿sentationS 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 Intellige￿e. 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 ab￿t0 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 tenpupI￿ln 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 to*ducational 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. C￿ducatIonal. 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, Ix*th 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 C￿edUCatIonal 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 C￿dUCa￿"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 prOVi￿On of means-tested bursar￿5. 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 chIld￿n 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 Sch￿1 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 h￿tIng 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 child￿n 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 inVo￿eS 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 Phy￿Cal 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 GoVerr￿r5. 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 I￿Ome 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-edU￿tional 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 Kin￿5 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 pro￿eded 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 Sp￿ad of investments. 25 ALLEYN'S SCHOOL REPORT OF THE GOVERNORS YEAR ENDED31"JULY 2020 Equity a*s•ts. top S s4clors Allocatlon (%) T￿*71￿&0￿￿J 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 measu￿5 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 Sour￿5, 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 rnaintenar￿e 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 facilit*s" 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 SC￿01 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 ana￿S15 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 b￿k 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 eX￿ndItUre. thus leaving minimal additional f￿e 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 re￿Ived 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 responSi￿lity 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 prot5als 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 S￿la1 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 6￿5 dayfw5 14,3X 216 24 197 11621 110341 1$521 11.9331 Means tested t￿Sa￿e5 4nd¢*errIr4￿4Is￿rf 273 144 b) Thg to¢•1 bur4rbMr•¢knd Imrn oth•rfvNd5camhtofr. Re51rfc*d. Sothkn FLTrJ Re51nc*d. WJ Snwth Re5thcted. PetÈrLaThfftr Res¢rt*d. Aknn'5 Re5th¢*d. ￿lIn W• Restncied. CtylL119Parthi*C 120 22 275 te51edknoDe5 lutallir* Éllkn*ve wid * IQ3 m¥*1201*. rl ELkn ￿d￿l￿) WjNDR￿S￿16.ESgate Til*••5￿d*sraTrf4 The DLrf*i(h Estsft AMI￿rt ThE Sad41er5 723 LnJ 521 521 20 T1*￿￿7Ch 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 I￿on* aThJL*heti￿o Rwaltyart ifr•tSt￿￿ft Irrffjwj SffthTru51 Banklnterest irt¥eStrr*nt irthT¢ Prtteeés on di%wsal of iaryiFIEfiKeda55ets 317 414 2UZ 423 232 65 lTr*e51rwrt Fw RrypltyaTrJ Ir￿£1￿￿ rrc•hWJSnrfthT￿¢ eel5 oTro&spD5alof taryiL4e fil￿3$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 iN1￿e 51afF&￿ crrfthcts. Zero ￿..+￿arn iTrth15knW5.14Feg￿rdS. ￿)11&aY stafF, baras%iStsrrt5, aftemthw4 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 ent￿preneur ￿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