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2021-07-31-accounts

Registered Charity Number 1161864
Company Number 09401357
Registered Address Alleyn's School
Townley Road
Dulwich
London SE22 BSU
02085571500

Investment Advisers CCLA
Senator House
85Queen Victoria Street
London
EC4V 4ET
Independent Auditors haysmacintyre
LLP
10Queen Street Place
London
EC4R 1AG
Bankers Barclays Bank pic
1Churchill
Place
Canary Wharf
London E145HP
Solicitors Goodman
Derrick		 LLP
10St Bride Street
London EC4A 4AD
Farrer & Co
66 Lincoln's
Inn Fields
London WC2A 3LH

Measure: 2021 2020 Relating to:
UK energy use lkWhj 5,862,663 4,971,849 The School site, Burbage road site and
staff properties
Associated greenhouse gas 238 1,042 Includes energy usage, fuel used on site
emissions (C02 tonnesl and flights' emissions from Schoo!trips,
but not outsourced
coach trips or taxi
journeys
Intensity ratio 0.18C02 0.80CO2 The intensity
ratio measures energy
Emissions
per
(2020: 1,297l		 pupil: 1,305 tonnes per
pupil		 tonnes per
pupil		 usage compared
business metric.		 with an appropriate

Ullrestrkted Furlds Restricted Endowwmnt Full Year Full Year
School Designated Funds Fund 2022 2020
5'000 CMO 5'000 5'000 5'000 5'000
Notes
EIICOME
income from charitable
act hrltles
Fees recelmble 23,024 23,024 22,144
School meals 374 374 415
atherincome 68 68
Income from Generated
Funds
Income from trading
subsidiary		 12 170 170
Income fram fundraislng
activities
Dilstdbution
from The Oulwfch Estate and Grarcs		 1,916 86 2,002 2,344
Donations
receivable		 117 185 416
Income from investing
activities
Irwe st ment income and ether income 339 229 573 721
Pmat on disposal offhed asset
Total Income 25,892 26,376
EXPENDITURE
Cxpendlture
on charitable
actlvltes
School operating
casts and grant making		 25,392 374 25,766
Expenditure
on trading
activities
Expenditure
from tradlrg
subsidiary		 122 122 191
Expenditure
on fundrelslng
actlvltiea
Fundralalra
and development		 297 297 297
total ExpendKure 252I11 374 26,1IN 25r454
NET INCOME BEFORE TRANSMRS AND
INVESThgglilt
GAINS ANO IOSSES		 81 5 58 65 212 922
Bet gains/(losses)
on mvestments		 11 25 939 1,315 2,279 133
Transfers
between
funds		 18 410 (56) 6 (360)
NET INCOME/(EXPENDITURE)
AFTER TRANSFERS		 491 (T6) 1NN 1,025 2,491 1,05S
Pensiim 5cheme actuarial
losses		 19 915 915 (1,857)
NET hl
OVE
MENT
IN FUNDS		 (26) 1,0IN (802)
Srought forward balance
FUNDS CARRIED FORWARD 15 1.455 2217 6,804 39379 48/285 45,429

Registered
Numben		 09401357 GROUP CHARITY
IUL IUL
Notes 2021 2020 2021 2020
8'000 E'000 8'000 B000
FIXEDASSETS
FTxed Assets 10 38,679 38,689 30,679 38,6S9
Investments jf,12 18,375 15,917 18,375 15,917
57,054 Brksgs 57,054 54,606
CURRENT ASSETS
Debtors 13 1,152 1,609 1,252 1,606
Cash at bank 6,257 8,586 6,048 8,534
TFM9 10,196 7,300 10,140
CREOITORSr due within one year
Creditors (3,577) (4,080) (3,516) (4,100)
NET CURRENT ASSETS 3,832 8,115 3,784 6,040
TOTAL ASSETS LESS CURRENT LIABILITIES 60,721
LONG TERM LIABILITIES
Creditors
payable		 after one year (5,621) (8.207) (5,621) (8,207)
Defined Benefit Pension Scheme Deficit (6,430) (7,085) (6,430) (7,M5)
TOTAL NET ASSETS 48335 ssr429 40,707
REPRESENTED RY;
ENDOWMENT
FUND5		 jeb 39,379 38,356 39,379 38,356
RESTRICTED FUNDS 1st 6,804 6,804 5,801
UNRESTRICTED FUNDS
DESIGNATED FUNDS 18d 1,217 1,243 1,217 1,243
GENERALFUNDS jee 7,865 7,114 7,817 7,039
DEFINED BENEFIT PENSION SCHEME RESERVE sac (6,430) (7,085) (6,430) (7,085)
482ISS 45+29

School buildings 50years
Roof and structural
works		 20years
Building services and fixtures 10years
Fixtures, fittings and equipment 3to 5years
I.T.hardware
and software		 3to 5years

2.CHARITABLE ALTIVmgs
~ Fees		 receivable receivable receivable receivable 2021 2020
t'000 t'000
a) Fees receivable consist of: Isab
Gross day fees 25,115 24,326
Other fees 269 216
Less grants, awards
and prizes		 funded by the School:
Scholarships
(includes
means-tested		 scholarships) 2D (665) (682)
Means tested bursaries
and		 other financial support 20 (2,044) (2,034)
Fees receivable 22,675 21,846
Add back: scholarships
and buuaries		 paid for by restricted funds: 349 298
Net fees receivable 23,024
b) Fees receivable consist of:
Restricted
- AReyn's School Awards		 Fund (Inc le don/Penner) 14 13
Restncted - Saddlers
Fund		 86 100
Restncted - WI Smith 124 121
Restncted - Peter Lammer 20 2D
Restncted - Advs no ng Alleyn's 20 20
Restricted - Alain Wein 21 22
Restricted - 400th Founders' eursary Fund 20
Restricted - COT ID19 44
Scholarships,
bursaries
and other		 awards were paid to519pupils (2020: 533).
Within this, means tested bursarles tata ging 12.0m were paid to 105pupils (2020: bursa ries af52.0m paid to 109pupils)
S.FUNDRAISING - Ealate Trustees and Grants Unrestricted Restricted Endowed 2021
E.'MO 1'MO POOD
The Dvlwich Estate distributions -Annual Grant 1,676 1,676
The Saddlers Company
Grant
lob Retention
Scheme		 240 240
1,916
The Ouiwlch tstate dlstrlbuli ans - Annual Grant 1,723 1,723
The Saddlers Company
Grant		 100
lob Retentlcm
Scheme		 522 522
2,244 100
4.CHARITABLE ACOVITIES -Other Incame Unreslrlcted Restricted 2021 Unrestricted Restricted 2020
6'DM E'DOD E'MO E'DOD POOD E'000
Staff rents 53 53 52 52
Other lettlngs
and Income		 15 t5 16 16

7.ANALYSIS OF EXPENOITUAE 7.ANALYSIS OF EXPENOITUAE
Other 2021
Staff costs dlrecl costs Depreciation Total
f'OOD E'000 f'000 f'000
Expenditure
an charitable		 activities
Friends, Community & Commercial Programme
Teaching casts 12,772 1,S96 695 tgdlgg
Welfare 307 727 334 2,365
Premises 1,217 1,925 455 3,597
Support 4,057 617 271 4,945
Grants, awards
and		 prizes 374 374
Governance 30 30
Finance casts 90 230 320
18,511 1,755 25,766
Expenditure
on fundralslng		 activities
Fundraii sIcg and development 114 297
Expenditure
an trading activIties
Trading Subsidiary 98 24 122
Totalexpended 18,792 5,637 1,755 26,185
Other 2020
Staffcasts direct costs Depreciation Total
f'000 1'000 6'000 f'OOD
Expenditure
on charitable		 activities
Friends, Community &Commercial Programme 103 103
Teaching costs 12,924 1,584 677 15,184
Welfare 871 325 1,196
Premises 1,169 1,522 443 3,154
Support 3,644 753 264 4AISO
Grants, awards
and		 prizes 298 299
Governance 32 32
Finance costs 97 261 358
11,936 &321 1,109 24,966
Expenditure
on fundraislng		 actlvltbs
Fundal sIng and development 179 118 297
Expenditure
on trading activities
Trading Subsidiary 34 191
Totalexpended 18,272 5373
2021
6'000
Expenditure
on suppart		 and governance activities
Staff costs 4,057 3,644
Communication
costs		 132 196
Other support casts 485 557
Governance 30 32
Allocated depreciation 271 264
4,975 rL692
Expenditure
includes:
Auditors'
remuneration
for audit services		 30 29
Auditors'
remuneration
for ether services		 5 6
Deprecistian 1,755 1,709
8,FINANCE COSTS 2021 2020
f'000 f'000
Fees in advance debt-financing 54 57
Pension liability related costs 90 97
Bank interest and other charges 176 203
320 358

10.FIXEDASSETS 10.FIXEDASSETS 10.FIXEDASSETS Leasehold Fixtures,
Er Freehold Fittings
Ec
Group Fixed Assets Buildings Equilp ment Total
5'000 f'MO 5'ODO
Cost
At1August 2020 53,975 4,949 58,974
Additions 1,453 297 1,755
Disposals (326) (326)
At 32July 2D21 55,433 4,920 60,353
Depreciation
At 1August 2D2D 16,251 3,9$5 20,235
Charge for the period 1,397 358 1,755
Dispasals (316) (316)
At 31July 2021 17,647 4,027 21,674
Net book value
At 31July 2021 37,7$!i $93 38,679
At 31July 2D2D 37,725
Fixed assets are analysed between funds asfollows.'
Endowment 37,262 37+62
General 524 893 L417
At 31July 2021 37,7$6 893 38,679
2D21 2020
f'OM f'000
4,361

The Group's investmenb The Group's investmenb The Group's investmenb are summarised are summarised are summarised below: below:
Market value
2021 2020 2021 1020
GROUP AaID CHARITY 6'000 f'000 E'000 E'0M
Ahayn's
School		 Investment Fund 16,295 13,537 13,878 M,701
Share of Dulwlch Schools Comnon Investment Fund 16 16 16 16
Irwestment
praperhr		 2,064 2,064 2,064 2,064
18,875 1S,917 15958 2tdt22
On 5th December 2019,the School's kwestments mana gem cha nged to CC(A Investment
Management		 tihmted fmm Casanova Caprml
Management,
realising
a net		 gain of E2 982 in 2020. CCIA manage ag the schoofs investments, ufth the excection afthe investment property and CAF accounts,
2021
5'000
At 1August 15,917 14,371
Addi t Iare 178 1,414
Realised
net gains
Unrealised
net		 gains/gosses) 2,279 13D
At 31July 28M5 15.917
The imrestmenh
are analysed		 as follows'. 1011
6'000 f'000
Equitlas 12,736 10,180
Fixed income 692
Multi-assets and Jgternatives 2,107 1,937
Cash 802 2J)28
Tata IValue Of InVact ment a 16,295
11.INVESlldEN T S
IN SUBS		 IDIARY tlNDERTAKI NGS
2021
f		 2020f
Investment in Allover's School Enterprises limited ("ASEL") 2 2
2021 2020
A summarlsed Profit and lass Account for ASEL i ~ shown below.' f'000 E'000
Income 170 265
ExpanditIlm (122) (191)
Retained surplus * 74
'The surp/vs wlE br donated tc the School under mr/t sid,
The balance sheet ofthe company la sumrnarlsed as foRaum 2021 1010
5'000 5'000
Fixed Assets
Current Assets 226 80
Creditors (178) (6)
Netawets 48 74

GROUP CHARITY
13.DEDTORS 2021 2D21 2020
6'000 f'MO 6'000
Tuition, music and exam fees 32 287 32 287
Pmpayments
&accrued Income		 4l4 497 444 497
Other debtom 659 822 659 822
ASEL debtom 17 3
Amounts
owed by ASEL		 217
1,152 1,252 1,606
Other debtors
includes		 a deposit of6600IXO held atthe bank. This amount is held as a guarantee for pensionmntributions with respect to the Teachers'
Pension Scheme
upoil incorporation.
GROUP CHARITY
14.CREDITORS - falling due within one year 2020 2021 Emo
f'000 6'MD 6'000 f'OM
Advance fees Nolelf 831 851 631 851
Fee deposits srore 16 210 129 210 129
Tsx, National
Insurance and pensions		 5S9 683 559 683
Other creditms 1,145 1,705 1,145 1,7D5
Amounts
due to ASEL		 25
Amounts
due on capital projects		 293 119 293 119
Trade creditom
and		 other accruals 477 587 478 587
ASELcreditom 62 6
3,577 4.000 3,516 4,100
15.SElllRED LOANS FOll lAND AND BUILDINGS
GROUP &CHARITY Development
lend Loans Total
6'000 E'MO f'MO
At1August 2020 5,086 SERHI
New Development Loan In period (2,605) I?,EM I
At 31inly 2D21 2A81 Evtg1
2021
6'000
Falling due for repayment:
within one year
two to five years 1,778 3,645
thereafter 703 1,441
2,401 SEI$6

16. CREDITORS - due affer one CREDITORS - due affer one ymr
GROUP 0 CNARlfy 2021 2020
E'000
Amounts faRlng due affer one year
Secured Bank loans 2,481 5,086
Advance fees 1,554 1,572
Fee deposits 1,586 1,549
5,621 R207
Fees in advance and fee deposits falRng due for repayment:
within one year 1,041 980
two tofive years 2,420 2,394
thereafter 721 723
4,182 4,202
17 FINANCUIL INSTRUMENTS 1021 2020
6'000 6'000
Financial assets measured at amortised cost (a) 7,409 10,196
Financial assets measured at fair value (b) 18,375 15,917
Financial liabiRties
measured
at arnortised cost (c)		 9,199 12,288
(e) Financial assets mclude cash, trade and fee debtors, staff-
(af Financial assets held at fair value include assets held as I-
(c) Financiai lirabiRtles mclude deposits, fees in advance, nad-

Endounnent Restricted Designated General 2021
GRDUII f.'MO 1'OM 6'OM 6'OM
Tangible fixed assets 37,262 1,417 38,679
Investments 9.404 6.715 176 16,295
invastnwnt
Property		 2,064 2,064
Defined Benefit Pension Scheme (6,430) (6,430)
Dulwich Schools Common Irwestment Funds 16 16
Iyet other assets (6,886) 1,041 6,448
Bankloan (2,481) (EFISSI
1,217
EndowrMrt't Restrkted Dedgnated Genmel
GROUP E'060 6'000 1'BM 0'000
Tangible
fixed assets		 37,194 1,495 S8,689
invest
mania		 7,991 5,694 151 13,837
Inurn liuent
Plopesty		 2,064 2,064
Defined
Benefit Pension Scheme		 (7,085) (7,0M)
Dulwich Schools Common lrxrestment Funch 16 16
Net other assets (3,S23) 107 1092 5,618 2,S95
Bankloan (5,0S6) (5,086)
38,356 5,801 2,243 28

Iaomnwnls Iaomnwnls dsring the year were as Idloww
At 1August Actuarial At 31Inly
GROVP 1020 Inmme Espandlture Trandars low 2021
5'000 E'MO ODM E'000 3'000 f'000
General Fund 7,113 25,$92 (25,551) 410 73%5
Pemion Fund (7,085) (260) (OAM)
25.M2 (25JI21) 410
At 1August Actuarial At 33July
OIARITT 2D20 Income Ergendlture Trsoslers loss 2021
aodo 0$00 1'am 1'MO f'DM 3'000
General Fund 7,039 25,797 (25rt29) 410 7,$17
pension Fund (7.085) (260) 915 (67IM)
(46) (25,8$9) 410 915
At 1August Actuarial At 31luly
0ROVP 201$ income fupendltura Trans(era lass
f.'MO Ey)M 5'000 5'000 f'QDD f'000
General Fund 5280 25,560 (24,794) 540 7,1M
Pension Fund (4,867) (361) (1,857) (7,0$5)
25,5$0 (25,255) 540 29
At 1Augua Actuarial At 31July
M29 Incnma Espendlture Trans(am tem 2020
3'OM 5'000 E'000 E'000 F.'am 8'000
Generalyund 5,702 25,4M (24.68) TJJSQ
Pension Fund (4,867) (Mt) (FJ)M)
M5 25r(M (24,964) (1,057) (46)

At 31Jvly 2021it was estimated
that the nei fund deficit was 66 43D000		 At 31Jvly 2021it was estimated
that the nei fund deficit was 66 43D000		 At 31Jvly 2021it was estimated
that the nei fund deficit was 66 43D000		 (ZDZD deficit of E7085000). (ZDZD deficit of E7085000).
2021 Ztyca 1019 2013 2017
a) The amounts
on the Balance Sheam are mlosoww		 6'090 5'OM 0000 8'EDO F.'OSD
Prevent value Ofhind ed Obugetlnnc 19,270 19,644 16.137 24,804 14,937
Fair value ofplan assets (12,840) (11,559) (11,270) (1D,348) (EJI35)
Net fiabigty reoognlsed In the balance sheet Sr430 7,0!%
2ML 2020
b) The amounts
an the Samnce Sheets are as folhwsi		 6'Mo E'000
Opening defined benefit obligation 18,644 16,137
Current
service mst		 412 485
Interest cost 240 323
Changes
in finandsl
assumptions		 SD9 1,774
Change
in demogrslihlc		 a%emotions l(220) 125
Experience
lom on defined benegt obligation		 (3CO) 75
Contributions
by members		 76 S4
Benefits paid (391) (364)
Closing degned benefit obgaatlon SPAM SL944

2021 2020
c) The amounts an the Balanae Sheets are asfollows, 6'000 0000
Opening fair value ofemployer assets 11,559 11,270
Interest on assets 150 231
Return on assets exduding interest 1,204 366
Other actuarial
loss		 (249)
Administration
expense		 (15) (15)
Contributions
by members		 76 84
Contributions
by employer		 257 236
Benefits paid (391) (364)
Closing fair value of plan assets 222pt0 11,559
d) Analysis afamounts
charged to		 activity costcategories:
Servim cost af defined benegt scheme 412 485
Net Interest on the defined liability 90 97
Administration
expenses		 15 15
Employer mntributions (257) (236)
Total amount
charged to the SoFA		 260 361
Change in pension surplus degdt)
Opening
pension
deficit		 (7,085) (4,867)
I7enned Benefit pension scheme related expenditure (260) (361)
Remeasurement
ofthe (defined		 liability) 915 (1,857)
Oosing penslan
surplus deRcit		 (Bi430) (7+85)
Share of Share af
ssaf Fund value at SSaf Fund value
at
Total plan 31 inly 2021 Total plan BtJu(72020
e) Major categories afplan assets as a permntage oftotal assets: 2021 5'000 2020 E'000
Scheme Assets
Equities 56% 7,251 54% 6,348
Target return
portfolio		 22% 2,828 25% 2,630
Infrastructure 9% 1,159 6%
Property 9% 1,092 9% 1,072
Cash 4% 510 5% 710
Total 12,840 11,559

Ufe expectancy from age 65: Maies Females
Current
pensioners		 22.1 24.5
Future pensioners 23.0 26.2
20, FEESSUPPORT AI40 AwARDs
2021 2020
6'000 E.'000
Means.tested bursarles, scholarships
and prizes
Ageyn's
Sursarles		 1,877 1,912
Scholarships 56 58
Other frnancial support 167 122
2,100 2,092
Non-means
tested		 awards
Academic Scholard ships and other awards
Grants, awards and prizes funded by the School 2,709
The number of pupils bene((ting from scholarships, bursa ries, staff remission and awards was 519(2020:533).
2021 2020
Net Tuition Fees E'000 e000
Net fees 25,384 24,542
Fee Reduction - Means tested (2,1DD) (2,092)
Fee Reduction —Non means tested (609) (604)
22,675
21. OPERATING lEASESCOMMMMENTS 2021 2020
Property Other Property Other
E'000 E'000 6'000 E'000
Faglng due for repayment:
within one year 71 81 69 81
two to five years 48 103 116 171
thereaRer
119 IS5 252