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2022-07-31-accounts

CONTENTS Page
Introduction fromtheChair of Governors andtheHead 4
Annual Report oftheGovernors 9
lnd~pendentAuditor's Report totheMembers of Alleyn'sSchool 40
GroupStatementofFinancial Activities 44
Balance Sheets 45
GroupCashFlowStatement 46
Notes totheFinancial Statements 47

Measure: 2021 -22
2020-2 1
2019-20		 **Relatingto: **
UK energyuse(MWh) 5,698
5,863
4,972		 TheSchoolsite,Burbage roadsite
and staff properties
|
Associated greenhouse
gas
emissions(CO2tonnes)		 43
238
1,042		 Includes energy usage, fuel used on
siteondflights'emissionsfromSchool
trips,but not outsourced coachtripsor
taxi journeys ·
Intensity ratio
Emissions per pupil:1,329
(2021:1,305)		 0.03CO2
0. 18CO2
0.80CO2
tonnes per
tonnes per
tonnesper
pupil
pupil
pupil		 Theintensity ratio(Tieasuresenergy
usogecomparedwith an appropriate
businessmetric.

INCOME
Income from charitable activities
Feesreceivable
School meaIs
Other income
Income from Generated Funds
Income from trading subsidiary
Incomefromfundraising activities
Notes
2a
4
12
DistributionfromTheDulwich Estate and Grants
3
Donations receivable
17
Income from investing activities
lnvestmi,ntincome and other income
5
Profitondisposaloffixed asset
5
Total Income
EXPENDITURE
Expenditureoncharitable activites
School operating costs and grant making
7
Expenditure ontradingactivities
Expenditure from trading subsidiary
7
Expenditure on fundraising activities
Fundraising and development
7
Total Expenditure
NET INCOMEBEFORETRANSFERSAND
INVESTMENT GAINS ANDLOSSES
Net (losses) gainsoninvestments
11
Transfers between funds
17
NET INCOME AFTERTRANSFERS
PensionScheme actuarial gains
18
NETMOVEMENTIN FUNDS
Brought forwardbalance
17
FUNDS CARRIED FORWARD
17		 Unrestricted
School
£'000
24,941
670
50
587
1,873
346
28,467
27,704
334
216
28,254
213
(3,260)
{3,047)
6,018
2,971
1,435
4,406		 Funds
Designated
£'000
5
5
5
(2)
319
322
322
1,217
1,539		 Restricted
Funds
£'000
71
1,031
272
1,374
476
476
898
(124)
774
774
6,804
7,578		 Endowment
Fund
£'000
62
62
62
(103)
2,941
2,900
2,900
39,379
42,279		 31July
2022
£'000
24,941
670
50
587
1,944
1,093
623
29,908
28,180
334
216
28,730
1,178
(229)
949
6,018
6,967
48,835 '
SS,802		 31 July
2021
£'000
23,024
374
68
170
2,002
185
573
1
26,397
25,766
122
297
26,185
212
2,279
2,491
915
3,406
45,429
48,835

Registered Number: 09401357
FIXEDASSETS
Fixed Assets
Investments
CURRENTASSETS
Debtors
Cashatbank
CREDITORS:due within one year
Creditors
NETCURRENTASSETS
TOTALASSETSLESSCURRENTLIABILITIES
LONGTERMLIABILITIES
Creditors payableafterone year
DefinedBenefitPension SchemeDeficit
TOTALNETASSETS
REPRESENTEDBY:
ENDOWMENTFUNDS
RESTRICTEDFUNDS
UNRESTRICTEDFUNDS
DESIGNATEDFUNDS
GENERALFUNDS
DEFINEDBENEFITPENSIONSCHEMERESERVE
Notes
10
11,12
13
14
15,16
18
17b
17c
17d
lle
lle		 GROUP
2022
£'000
43,090
18,896
61,986
1,345
3,257
4,602
{3,705)
897
62,883
(6,296)
{785)
55,802
42,279
7,578
1,539
5,191
(785)
55,802		 2021
£'000
38,679
18,375
57,054
1,152
6,257
7,409
(3,577)
3,832
60,886
{5,621)
{6,430)
48,835
39,379
6,804
1,217
7,865
(6,430)
48,835		 CHARITY
202'2
£'000
43,090
18,896
61,986
1,316
3,026
4,342
(3,685)
657
62,643
(6,296)
{785)
55,562
42,279
7,578
1,539
4,952
(785)
55,562
2021
£'000
38,679
18,375
57,054
1,252
6,048
7,300
{3,516)
3,784
60,838
(5,621)
{6,430)
48,787
39,379
6,804
1,217
7,817
{6,430)
48,787		 CHARITY
202'2
£'000
43,090
18,896
61,986
1,316
3,026
4,342
(3,685)
657
62,643
(6,296)
{785)
55,562
42,279
7,578
1,539
4,952
(785)
55,562
2021
£'000
38,679
18,375
57,054
1,252
6,048
7,300
{3,516)
3,784
60,838
(5,621)
{6,430)
48,787
39,379
6,804
1,217
7,817
{6,430)
48,787
57,054
1,252
6,048
7,300
{3,516)
3,784
60,838
(5,621)
{6,430)
48,787
39,379
6,804
1,217
7,817
{6,430)
48,787

Net cashflow from 'operating activities
Cashflows from investing activities:
Payments to acquire tangible fixed assets
Payments to acquire investments
Investment income and bank interest received
Interest payable
Proceedsondisposaloftangible fixed assets
Netcash(outflow) from investing activities
Cashflows from financing activities:
NewLoansdrawdown
LoanRepayment
Netcashinflow from financing activities
Change incashandcash equivalents in the reporting period
Cashandcashequivalentsatthe beginningofperiod
Cashand cash equivalentsatthe endofthe reporting period
Note (i)
£'000
2022
(6,390)
(750}
623
(219}
1,500		 £'000
2,236
(6,736}
1,500
(3,000}
6,257
3,257		 2021
£'000
(1,755}
(178}
57_3
(230)
1
(2,605}		 £'000
1,866
(1,590}
(2,605}
(2,329}
8,586
6,257
Note(i)
Reconciliation of net incometonet cashflow from operating activities:
Net incoming resourcesforthe year
Eliminationofnon-operating cash flows:
- Investment income and interest receivable
- Finance costs
- Profitondisposaloffixed asset
Defined benefit pension scheme related costs (non cash movement)
Depreciation charge
FixedAsset Writeoff
(lncrease)/decrease in debtors
(Decrease)increditors excluding fees in advance scheme and deposit
(Decrease)/increaseinfees in advance scheme and fee deposits
£'000
2022
(623}
219
373
1,979
(192)
(137)
(561)		 2021
£'000
£'000
£'000
1,178
212
(573}
230
(1)
260
1,755
10
457
(564}
80
1,058
1,654
2,236
1,866		 2021
£'000
£'000
£'000
1,178
212
(573}
230
(1)
260
1,755
10
457
(564}
80
1,058
1,654
2,236
1,866
1,866

2.CHARITABLEACTIVITIES- Feesreceivable
a)Feesreceivableconsistof:
Grossday fees
Otherfees
less allowances
Lessgrants, awards and prizes funded by the School:
Scholarships (includes means-tested scholarships)
Means tested bursaries and other financial support
Feesreceivable
Addback: scholarships and bursaries paid for by restricted funds :
Netfeesreceivable
Note
19
19
b)Thetotalscholarshipsandbursariesreceivedfrom other fundsconsistof:
Restricted - Alleyn's School Awar_dsFund(lncledon/Fenner)
Restricted - Saddlers'Fund
Restricted - WJSmith
Restricted - Peter Lammer
Restricted - Advancing Alleyn's ·
Restricted - Alan Wein
Restricted - 400th Founder's BursaryFund
Restricted - COVID19
Scholarships, bursaries and other awards were paidto526 pupils (2020-21: 519).
Within this, means tested bursaries totalling £1.9m were paidto97 pupils (2020-21: bursariesof
3.FUNDRAISING- EstateTrusteesandGrants
The Dulwich Estate distributions - Annual Grant
The Saddlers' Company Grant
JobRetentionScheme
TheDulwich Estate distributions - Annual Grant
TheSaddlers' Company Grant
JobRetention Scheme
4.CHARITABLEACTIVITIES- Otherincome
Staff rents
Other lettings and income
Unrestricted
Restricted
£'000
£'000
50
50		 2.CHARITABLEACTIVITIES- Feesreceivable
a)Feesreceivableconsistof:
Grossday fees
Otherfees
less allowances
Lessgrants, awards and prizes funded by the School:
Scholarships (includes means-tested scholarships)
Means tested bursaries and other financial support
Feesreceivable
Addback: scholarships and bursaries paid for by restricted funds :
Netfeesreceivable
Note
19
19
b)Thetotalscholarshipsandbursariesreceivedfrom other fundsconsistof:
Restricted - Alleyn's School Awar_dsFund(lncledon/Fenner)
Restricted - Saddlers'Fund
Restricted - WJSmith
Restricted - Peter Lammer
Restricted - Advancing Alleyn's ·
Restricted - Alan Wein
Restricted - 400th Founder's BursaryFund
Restricted - COVID19
Scholarships, bursaries and other awards were paidto526 pupils (2020-21: 519).
Within this, means tested bursaries totalling £1.9m were paidto97 pupils (2020-21: bursariesof
3.FUNDRAISING- EstateTrusteesandGrants
The Dulwich Estate distributions - Annual Grant
The Saddlers' Company Grant
JobRetentionScheme
TheDulwich Estate distributions - Annual Grant
TheSaddlers' Company Grant
JobRetention Scheme
4.CHARITABLEACTIVITIES- Otherincome
Staff rents
Other lettings and income
Unrestricted
Restricted
£'000
£'000
50
50		 £2.0mpaidto1
Unrestricted
£'000
1,873
1,873
1,676
240		 05 pupils)
Restricted
£'000
71
71
86
86
Unrestricted
£'000
53
15
68
2022
£'000
27,843
234
(901)
27,176
(725)
(1,873)
24,578
363
----
24,941
===-
21
71
142 .
21
43
21
21
23
----
363
====
Endowed
£'000
----
----
----
----
Restricted
£'000
----
----		 2021
£'000
25,980
269
(865)
2S,384
(665)
(2,044)
22,675
349
23,024
14
86
124
20
20
21
20
44
349
2022
£'000
1,873
71
1,944
2021
£'000
1,676
86
240
1,916
2,002
2022
£'000
so		 2021
£'000
53
15
50 so
68

5. INVESTMENTANDOTHER INCOME
InvestmentIncomeandotherincome
Royaltyand investment income fromWJSmith Trust
Bankinterestandinvestmentpropertyincome
Profit on disposal of tangible fixedassets
InvestmentIncomeandotherincome
Royalty and income fromWJSmith Trust
Bankinterestandinvestment propertyincome
Proceeds on disposal of tangible fixedassets
6.STAFFCOSTS


Total resourcesexpendedincludedthefollowing aggregate payroll co
Wagesandsalaries
Socialsecuritycosts
Pensioncontributions•		 Unrestricted
School
£'000
249
97
346
Unrestricted
School
£'000
240
99
340
sts:
Unrestricted
Designated
£'000
5
5
----
Unrestricted
Designated
£'000
5
----
5		 Restricted
£'000
113
159		 Endowed
£'000
Endowed
£'000
2022
£'000
367
159
97
----
623
----
2021
£'000
354
120
99
1
272
Restricted
£'000
109
120
229 574
2022
£'000
15,714
1,729
2,970
20,413		 2021
£'000
14,298
. 1,561
2,842
18,701
Headcount
Thenumberofemployeesisgiven below:
2022 '
2021
No.
No.
Teaching staff
174
174
Nonteaching staff
354
287
528
461
----		 Fulltimeequivalent
2022
2021
No.
No.
151
147
162
142
313
289		 Fulltimeequivalent
2022
2021
No.
No.
151
147
162
142
313
289
289
Aggregate remuneration of key management personnel:
The number of employees whose emoluments exceeded £60,000 were:
£60,001 · £70,000
£70,001 · £80,000
£80,001 · £90,000
£90,001 · £100,000
£100,001 · £110,000
£110,001 · £120,000
£120,001 - £130,000
£140,001 - £150,000
£150,001 - £160,000
£180,001 · £190,000		 2022
£'000
2,106
2021
£'000
1,806
2022
Number
25
39
2
4
4
2021
Number
27
39
2
5
2
2
1
1

7.ANALYSISOFEXP ENDITURE
7.ANALYSISOFEXP
0
ENDITURE
Staffcosts
£'000
Expenditureon charitable activities
Friends, Community&Commercial Programme
109
Teaching costs
13,320
Welfare
937
Premises
1,337
Support
4,254
Grants, awards andprizes
Governance
Finance costs
98
20,055
Expenditure on fundraising activities
Fundraising and develop~ent
168
Expenditure on trading activities
Trading Subsidiary
288
Total expended
20,511
Staffcosts
£'000
Expenditure on charitable activities
Friends, Community&Commercial Programme
68
Teachingcosts
12,772
Welfare
307
Premises
1,217
Support
4,057
Grants, awards and prizes
Governance
Finance costs
90
18,511
Expenditure on fundraisingactivities
Fundraising and development
183
Expenditure on trading activities
Trading Subsidiary
98
Total expended
18,792
Expenditure on support and governance activities
Staff costs
Communicationcosts
Other support costs
Governance
Allocated depreciation
Expenditure includes:
Auditors' remuneration for audit services
Auditors' remuneration for otherservices
Depreciation		 Other
directcosts
£'000
1,929
746
1,961
786
476
30
219
6,147
48
45
6,240
Depreciation
£'000
783
377
513
305
1,978
1
1,979		 2022
Total
£'000
109
16,032
2,060
3,811
5,345
476
30
317
28,180
216.
334
28,730
2021
Total
£'000
68
15,063
1,368
3,597
4,945
374
30
320
25,766
297
122
26,185
2021
£'000
4,057
132
485
30
271
4,975
30
5
1,755
Other
directcosts
£'000
1,596
727
1,925
617
374
30
230
5,499
114
24
5,637
Depreciation
£'000
695
334
455
271
1,755
1,755
2022
£'000
4,254
228
558
30
305
5,375
32
2
1,979

NANCECOSTS
Feesin advance debt-financing
Pension liabilityrelated costs
Bank interest andother charges
2022
£'000
41
98
178
317		 2021
£'000
54
90
176
320

10.FIXEDASSETS
Leasehold
&Freehold
Group FixedAssets
Buildings
£'000
Cost
At 1 August 2021
55,433
Additions
6,078
Disposa ls
At31July 2022
61,511
Depreciation
At 1 August 2021
17,647
Chargeforthe period
1,645
Disposals
At 31July 2022
19,292
Netbook value
At 31July 2022
42,219
At31July 2021
37,786
Fixedassetsare analysedbetween fundsasfollows:
Endowment
41,703
General
516
At 31July 2022
42,219		 Fixtures,
Fittings&
Equipment
£'000
4,920
312
5,232
4,027
334
4,361
871		 Total
£'000
60,353
6,390
66,743
21,674
1,979
23,653
43,090
893 38,679
871
871		 41,703
1,387
43,090
2022 2021
£'000 £'000
Amounts contracted relatingtofuture capital expenditure at 31 July 138 4,361

TheGroup'sinvestments aresummarisedbelow:
GROUPANDCHARITY
Alleyn's School Investment Fund
ShareofDulwich Schools Common InvestmentFund
Investment property		 Marketvalue
2022
2021
£'000
£'000
16,816
16,295
16
16
2,064
2,064
----
18,896
18,375
----		 Cost
2022
£'000
14,628
16
2,064
16,708
2021
£'000
13,878
16
2,064
15,958
At 1 August
Additions
Unrealised n·et gains/(losses)
At31July
The investments are analysedasfollows :
Equities
Fixedincome
Multi-assets and Alternatives
Cash
Total valueofinvestments		 2022
£'000
18,375
750
(229)
18,896
2022
£'000
11,862
782
2,622
1,550
16,816
2021
£'000
15,917
178
2,279
18,375
2021
£'000
12,736
650
2,107
802
16,295

Investmentin Alleyns's School Enterprises Limited ("ASEL")
Investment in Alleyns's School International Limited("ASIL")
On28th February 2022,ASILwas incorporated.It remained dormant for the restofthe financi~I year. TheSchoolowns the entire
of2 £1 shares.
A summarisedProfitandLossAccountforASELIsshownbelow:
Income
Expenditure
Surplus•
Thesurpluswillbe donated to theSchoolunder giftaid.*
The balance sheetoftheCompany is summarisedasfollows:
Fixed Assets
Current Assets
Creditors
Net assets**		 2022
£
2
2
2021
£
2
share capital which comprises
2022
£'000
587
(348)
239
2022
£'000
355
(116)
239
2021
£'000
170
(122)
----
48
2021
£'000
226
(178)
----
48

13.DEBTORS
Tuition,musicandexamfees
Prepayments& accruedincome
Other debtors
ASELdebtors
Amounts owed byASEL
GROUP
2022
£'000
195
474
647
29
1,345		 CHARITY
2021
2022
2021
£'000
£'000
£'000
32
195
32
444
474
444
659
647
659
17
117
~~-~~---
1,152
1,316
1,252
14.CREDITORS • falling duewithin one year
Bank loans
Advancefees
Feedeposits
Tax,NationalInsuranceandpensions
Othercreditors
Amounts due toASEL
Amounts dueoncapital projects
Tradecreditorsandotheraccruals
ASELcreditors
15.SECUREDLOANSFORLAND AND BUILDINGS
GROUP&CHARITY
At 1 August 2021
NewDevelopmentLoaninperiod
At31July 2022
Fallingdueforrepayment:
withinoneyear
twotofiveyears
thereafter
NotelS
Note 16
Note 16
Land
£'000
----
----		 GROUP
2022
£'000
450
647
209
805
834
210
434
116
3,705
Development
Buildings
£'000
2,481
1,500		 GROUP
2022
£'000
450
647
209
805
834
210
434
116
3,705
Development
Buildings
£'000
2,481
1,500		 2021
£'000
831
210
559
1,145
293
477
62
3,577
Total
£'000
2,481
1,500
3,981
2021
£'000
1,778
703
2,481		 CHARIT
2022
£'000
450
647
209
805
.
834
95
210
435
3,685		 Y
2021
£'000
831
210 ·
559
1,145
293
478
3,516
3,981
2022
£'000
450
3,531
3,981

16.CREDITORS•dueafteroneyear
GROUP&CHARITY
Amountsfallingdueafteroneyear
Secured Bank loans
Advance fees
Feedeposits
"Feesinadvance and feedepositsfalling dueforrepayment:
within oneyear
twotofiveyears
thereafter		 2022
£'000
3,S31
1,070
1,695		 2021
£'000
2,481
1,554
1,586
5,621
6,296
855
1,790
976
----
3,621		 1,041
2,420
721
4,182

GROUP
Tangible fixed assets
Investments
Investment Property
Defined BenefitPension Scheme
Dulwich Schools Common InvestmentFunds
Net other assets
Bank loan
GROUP
Tangible fixed assets
Investments
Investment Property
Defined Benefit Pension Scheme
DulwichSchools Common InvestmentFunds
Net other assets
Bank loan		 Endowment
£'000
41,702
9,301
2,064
16
(6,823)
(3,981)
42,279		 Restricted
£'000
7,341
237
7,578		 Designated
£'000
174
1,365
1,539		 General
£'000
1,388
(785)
3,803
4,406		 2022
£'000
43,090
16,816
2,064
(785)
16
(1,418)
(3,981)
55,802
Endowment
£'000
37,262
9,404
2,064
16
(6,886)
(2,481)
39,379		 Restricted
£'000
6,715
89
6,804		 Designated
£'000
176
1,041
1,217		 General
£'000
1,417
(6,430)
6,448
1,435		 2021
£'000
38,679
16,295
2,064
(6,430)
16
692
(2,481)
48,835

At 1August Investment At31July
2021 Income Expenditure Transfers Gain 2022
GROUPANOCHARITY £'000 £'000 £'000 £'000 £'000 £'000
Alleyn'sSchoolAwardsFund 215 (3) 212
DulwichSchools Common InvestmentFunds 16 16
Alleyn'sSchool ln\lestmentFund 10,540 (93) 10,447
Buildings Fund 27,922 2,941 30,863
400th Founder's Bursary Fund 686 62 (7) 741
39,379 62 2,941 (103) 42,279
At1 August Investment At31July
2020 Income Expenditure Transfers Loss 2021
GROUPANOCHARITY £'000 £'000 £'000 £'000 £'000 £'000
Alleyn'sSchoolAwardsFund 186 29 215
OulwichSchoolsCommonInvestmentFunds 16 16
Alleyn'sSchoolInvestmentFund 9,348 1,192 10,540
BuildingsFund 28,277 (355) 27,922
400thFounder's Bursary Fund 529 68 (SJ 94 686
38,356 68 (360) 1,315 39,379
Movements in restricted funds during the year wereasfollows:
At1 August Investment At31July
2021 Income Expenditure Transfers Gain 2022
GROUPAND CHARITY £'000 £'000 £'000 £'000 £'000 £'000
Advancing Alleyn's Fund 991 237 (156) (6) 1,066
Saddlers' Fund 71 {71)
Peter Lammer Bursary Fund 692 20 (21) (8) 683
FundsforOther Purposes(ASAF)&lncledon/Fenner Bursary 1,008 58 (21) (15) 1,030
400th Founder's Bursary Fund 20 (21)
ConstanceFund 767 (SO) 717
Al.in Wein Fund 23 (21) 8
COVID19Fund 19 (23)
WJSmithTrust 4,070 159 (142) (45) 4,042
Wave Yi-Dyer Bursary Fund 27 27
ZoeMorleyFund 3 3
6,804 1,374 (476) (124) 7,578
At1 August Investment At31 July
2020 Income Expenditure Transfers Loss 2021
GROUPANDCHARrTY £'000 £'000 £'000 £'000 £'000 £'000
Advancing Alleyn'sFund · 852 89 (46) 96 991
Saddlers' Fund 86 (86)
PeterlammerBursaryFund 596 19 (20) 97 692
FundsforOther Purposes(ASAF)&lncledon/Fenner Bursary 791 53 (14) 178 1,008
400th Founder's Bursary Fund 18 (20)
AlanWein Fund 22 (20)
COVID19Fund 22 25.
(44)
WJSmith Trust 3,506 120 (124) 568 4,070
WaveYi-Dyer Bursary Fund 27 27
ZoeMorleyFund
5,801 432 (374) 939 6,804

At1 August Investment At31July
GROUPANDCHARllY 2021 Income Expenditure Transfers Gain 2022
£'000 £'000 £'000 £'000 £'000 £'000
A.B.Clifford Bequest 228 (2) 231
EdwardAlleynFund 900 308 1,208
400thFounder'sBursaryFund 89 11 100
1,217 319 (2) 1,539
AtlAugust Investment At31July
GROUPANDCHARllY 2020 Income Expenditure Transfers Loss 2021
£'000 £'000 £'000 £'000 £'000 £'000
A.B.CliffordBequest 198 5 25 228
Edward Alleyn Fund 980 (80) 900
400thFounder's Bursary Fund 66 24 89
1,243 5 (S6) 25 1,217
At 1August Actuarial At31July
GROUP 2021 Income Expenditure Transfers Loss 2022
£'000 £'000 £'000 £'000 £'000 £'000
General Fund 7,865 28,467 (27,881) (3,260) 5,191
PensionFund (6,430) (373) 6,018 (785)
1,435 28,467 (28,254) (3,260) 6,018 4,406
At 1August Actuarial At31July
CHARITY 2021 Income Expenditure Transfers loss 2022
£'000 £'000 £'000 £'000 £'000 £'000
General Fund 7,817 27,942 (27,547) (3,260) 4,952
PensionFund (6,430) (373) 6,018 (785)
1,387 27,942 (27,920) (3,260) 6,018 4,167
At 1August Actuarial At31July
GROUP 2020 Income Expenditure Transfers Loss 2021
£'000 £'000 £'000 £'000 £'000 £'000
GeneralFund 7,113 25,892 (25,551) 410 7,865
PensionFund (7,085) (260) 915 (6,430)
29 25,892 (25,811) 410 915 1,435
At 1August Actuarial At31July
CHARITY 2020 Income Expenditure Transfers Loss 2021
£'000 £'000 £'000 £'000 £'000 £'000
General Fund 7,039 25,797 (25,429) 410 7,817
PensionFund (7,085) (260) 915 (6,430)
(46) 25,797 (25,689) 410 915 1,387

2022 2021 2020 2019 2018
a) TheamountsontheBalance Sheetsareasfollows: £'000 £'000 £'000 E'OO0 E'0OO
Presentvalueoffunded obligations 14,559 19,270 18,644 16,137 14,804
Fair valueofplan assets (13,774) (12,840) (11,559) (11,270) (10,348)
NetliabilityrecognisedInthebalancesheet 785 6,430 7,085 4,867 4,456
2022 2021
b) TheamountsontheBalance Sheetsareasfollows: £'000 £'000
Opening definedbenefitobligation 19,270 18,644
Current service cost 483 412
Interest cost 296 240
Changes in financial assumptions (5,223) 809
Change in demographic assumptions (220)
Experience loss ondefinedbenefitobligation 40 (300)
Contributions bymembers 79 76
Benefits paid (386) (391)
Closingdefinedbenefitobligation 14,559 19,270
2022 2021
c) TheamountsontheBalanceSheetsareasfollows: £'000 £'000
Openingfairvalueofemployer assets 12,840 11,559
Interest on assets 198 150
Return on assets excludinginterest 835 1,204
Other actuarial loss
Administration expense (17) (15)
Contributions by members 79 76
Contributions by employer 225 257
Benefits paid (386) (391)
Closingfairvalueofplanassets 13,774 12,840

**18. ** PENSIONARRANGEMENTS(continued)
2022 2021
d) Analysisofamountschargedtoactivity costcategories: £'000
£'000
Servicecostofdefined benefitscheme 483 412
Net interest on the defined liability 98 90
Administrationexpenses 17 15
Employer contributions (22S) (257)
TotalamountchargedtotheSoFA 373 260
2022 2021
Changeinpension surplusdeficit) £'000 £'.000
Opening pension deficit 16,430) (7,085)
Defined Benefit pensionscheme related expenditure (373) (260)
Remeasurementofthe (defined liability) 6,018 915
Closingpension·surplus/ (deficit) (785) (6,430)
Shareof Shareof
% of Fundvalueat %of
Fundvalue
at
Total plan 31July2022 Total plan 31 July 2021
e) Major categories of plan assets as a percentageoftotal assets: 2022 £'000 , 2021 £'000
SchemeAssets
Equities 57% 7,817 56% 7,251
Targetreturn portfolio _22% _ 2,990 22% 2,828
Infrastructure _11% _ 1,449 9% 1,159
Property 10% 1,352 9% 1,092
Cash 1% 166 4% 510
Total 13,774 12,840
f) TheamountsontheBalanceSheetsareas follows:
Perannum Perannum
FinancialAssumptions: 2022 2021
Expected returnonplanassets for the year to31July 8% 12%
Salaryincreasesuntil 31 July 2023/31 July 2022 4% 4%
Salary increases after 31July 2023/31July 2022 4% 4%
Pension increases(ConsumerPrice Index) 3% 3%
Discount rate 3% 2%
Mortality Assumptions:
Post retirement mortalitytables have been constructed based on ClubVita analysis.These base tables are then projected
using the CMI 2020 Model allowingfora long-term rateofimprovementof 1.25%per annum, smoothing parameterof7.0
andaninitialadditiontoimprovementsof0.5% p.a.and a 2020 weightingof25%
life expectancy from age65: ·Males Females
Current pensioners 22.2 24.6
Future pensioners 23.1 26.3

9.FEESSUPPORT AND AWARDS
Means-tested bursaries, scholarships and prizes
Alleyn's Bursaries
Scholarships
Other financial support
Non-means tested awards
Academic Scholarships and other awards
Grants, awards and prizes fundedbytheSchool
2022
£'000
1,716
43
158
1,917
681
2,598		 2021
£'000
1,877
56
167
2,100
609
2,709
NetTuitionFees
Net fees
FeeReduction - Means-tested
FeeReduction - Non-means-tested
20. OPERATINGLEASECOMMITMENTS
2022
Property
Other
£'000
£'000
Fallingduefor repayment:
within one year
62
96
twotofive years
57
21
thereafter
210
329
117		 2022
£'000
27,176
(1,917)
(681)
24,578
2021
Property
£'000
71
48
119		 2021
£'000
25,384
(2,100)
(609)
22,675
Other
£'000
81
103
184