ST ALBANS HIGH SCHOOL FOR GIRLS (Llmited by Guarantea) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 Company Numbor: 321911 Reg18torod Charity Numbor: 311065
ST AL8ANS HIGH SCHOOL FOR GIRLS (Limited by Guarantaol GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 The Governors of St Albans High School for Girls present their annual report and audited accounts for the year ended 31 August 2020 and confirm that they comply with the requirements of thè Charities Acl 2011, the Trust Deed and the Charities SORP 2015. The Governors are also the Chariiy Trust8es and Directors of the Company. OUR AIMS The obi8cI of the School, as laid down in the Company's Articles of Association, is to advance education in accordance with the principles of the Church of England for pupils and young children of any sex. The School's stratègic aim is to deliver a transformational experi8nce which educates young people for lives of Gon5equence, and lo provid9 an exceptional environment in which lo work and study and make significant, positive contributions to our local community and wider society. OUR OBJECTIVES The objectives are oullined in the School's Development Plan, and ref18Ct th8 educational aims and the ethos of the School. In selling th8 objectives and planning the activities of the School, the Gov8mors have given careful consideration lo the Charity Commission's general guidance on public benefit and in particular to Its supplementary public benefit guidance on advancing education and on fee Charging. The School's main objectives for the year were as follows.. to promote excellent outcomes for pupils by delivering a rich and challenging curriculum and a progressive and ambitious co-curriculum which ensures 8ngagemenl for all. to develop inlelleclually resilient and independent pupils who leave school with the tools lo help them liv8 a fulfilling, happy and succ8ssful adult life. lo effectively recruit and relain highly able and motivated pupils, regardless of their background. to attract and r81ain oulslanding staff and support thém through appropriate professional development. lo ensure that the School provides a safe, sustainable and inspirational environment in which lo learn and work. includin9 seamless integralion of Information Services and Technology throughout the School. to ensure that the School engages in m8aningful and broad partnerships and provides substantial public benefit for our local and regional communities. to ensure that foNard financial and eslales planning is thorough and meets the needs of the School. lo ensure that our School brand 8ff8clively reflects the ethos and values of the School and that our marketing (including website, school films, print materials and digital marketing) is currelll and impactful.
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2020 INTENDED IMPACT The principal beneficiaries of these aims and objectives are St Albans High School's pupils whose education is provided by the High School and funded by parents, guardians or from other charitable sources. 63 1 of the School's pupils are drawn from the local community. Families on lower incomes are supported through our means-tesled bursary scheme. or by other concessions such as reduction in fees. access lo fr68 music lessons and access lo fr88 81it8 Sports Goaching for scholars. Through partnership links established wilh a number of schools, the School also contributes to, and benefits from, the sharing of good practi with other education professionals. Wherever possible, access lo the School's facilities is shared with local schools, community groups and other inslilulions. OUR ETHOS, STRATEGIES AND POLICIES The School is a Charity which seeks to benefit the public through the pursuit of ils staled aims. The f88s are s8t by the Governors each year at a18V81 which ensures the financial viability of the School and which is consistent with the aim of providing a first class education. The SGhool welcornes pupils from all backgrounds. Entrance assessments and interviews are held to ensure that Potenlial pupils will be able to cop8 Wlth the pace of learning and to benefit from the 8ducalion which the School provides. The School is an equal opportunity organisation and is committed to a working environment which is fr88 from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orientation or disability. All reasonable adjustments are made lo meet the needs of staff or pupils who ar8, or who become, disabled. The School's Ex6culive Team is currently working with diversity and inclusion charities lo produce and implement a School-wide Diversity and Inclusion Strategy lo ensure that STAHS remains a welcoming and inclusive school, where diversity is celebrated and every member of our community fèels comfortable, heard and repr8S8ntsd. The Governors, slaff and volunteers are fully commilled to safeguarding and promoting the welfa of pupils and expect this commitment to be shared by all members of the School communily. Governors receive regular updates on regulatory and slalutory changes lo Keeping Children Safe in Education IKCSIEI from the School's Executive Team and via regular updates from the School's lawyers and the Association of Governing Bodies of Independent Schools IAG81SI. The House system is the main framework for pastoral care. Pupils are cared forwithin their Houses by their Hous8 tutor and Housemaslerlmislress, a responsibility which is shared in Years 12 and 13 with the Director of Sixth Form and Sixth Fomi Tutors. Parents are given information about thair children's Social and academic progr8SS through regular parents, evenings, in addition lo ené of term and year reports. The School rnainlains regular conlact with parents throughout the year Ihrough informal contacts and the publication of electronic newslellers and termly lellers from the Head. Due lo safety measures with rospecl lo COVID-19, all parents, evenings and parent forums are being held virtually through various video conferencing platforms.
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee} GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 ACCESS POLICY, INCLUDING BURSARY POLICY The Governors are concerned Ihal education al thè School should not be rastricted to those who can afford the fees. Through ils means-t8St8d bursary scheme the School is now SLJPPOrting 85 pupils {2019.' 64). This support, which is available on a needs basis as determined by the Head in consullalion with the Bursar, following a policy detemined by the Govemors. raduced annual fee income by £1,191k (2019.. £881k). The amount available for means-lested bursarias was £1,098k. For the coming year, this sum stsnds al £1.226k, representing 60/0 of gross fee income. Means- tested fees assistance can be awarded up to 100Vo of the tuition fees al any lime from Year 7 (aged 11+), and in th& year 33 pupils received bursaries equivalent lo 1 OOVO of tuition fees12019: 20). The Governors see bursary awards as an importanl means of ensuring that pupils from families who would not olheNise be able to afford the fees can acGess the education which the School offers. Bursaries are available to all who meet the genèral entry requirements and are made on thè basis of parental means or to relieve hardship where a pupil's education and future prospeGts would othetwise be at risk. Such circumstances might oGcur, for example, in a case of redundancy or death of a parent. OTHER POLICIES ON ASSISTANCE Flnancial Planning Pollcy In order lo assist parents with payment of fees, the School makes available a number of different schemes including an option to pay monthly. Family Discounts Policy Discounts are available to families with more than two children in the School. Non-Fee A8SiStance Policy Assislance can be made available in resp8cI of the cost of "extras. including, for example, lunches, coaches and school trips as appropriate. PROMOTING HIGH ACADEMIC STANDARDS Every pupS1 is encouraged in the pursuit of individual excellenc8 and reiVeS the stimulus and support to develop their academic abilities lo the full, lo explore and participate in a wide range of activities and to recognise and celebrate their talents and achievements. Scholarship Policy Scholarship awards are made lo recognise high academiG potential or ability in other activities such as art, design and technology, music, sport and drama. Such scholarships are awarded wilh a fixed remission ol fees, and are available on entry to the Senior School al Year 7, on entry into Year 10 and al Year 12. Where further assistance is required, scholarship awards may be supplemented by a rneans lesled bursary. Scholarships are largely honorary. and include a fee remission of 10¥0, except in exceptional circumstances when a particularly gifted musician may be offered up to 25% fee remission. This is rare. no 25Yo music scholarships were awarded in 2019.
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 Investmont Policy The Governors, investment POW8rs are governed by the Articles of Association which pemit the funds of the School lo be invested as may be thought fit, subject to such conditions and consents as may be imposed or required by law. It is tho Governors, policy lo mitigate risks associa18d with concentrating surplus funds in one institution and to generate a higher return on such surplusés by investing Ihem in short to medium t8rm cash deposits wilh mainstream UK financial instilulion5. This process is managed internally and its operation and performance ar8 subject to annual review by the who18 governing body.
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee} GOVERNORS, REPORT FOR THE YEAR ENOED 31 AUGUST 2020 STRATEGIC REPORT REVIEW OF ACTIVITIES AND ACHIEVEMENTS COVID-19 Following the outbreak of COVID-19 in the late part of the Lent term and the subsequent general lock-down that was imposed in March, the Governors and the Executive Team promptly put measure5 in place lo ensure.. continued provision of education to all pupils protection of the health of all pupils and staff targaled and frequenl communication with paren15 protection of the financial stability of the School, whilst working with parents to help them deal with any hardship arising from this situation. These measures included.. remote teaching and learning, uslng the latest technology platforms creation of a hardship fund to support parents the introduction of appropriate financial controls lo maintain the School's liquidity. Parènts wer8 not billed for coaches or lunches during th8 Trinity 2020 term and were given full refunds for cancell8d trips, with any non-reclaimab18 trip costs being absorbed by the School. The majority of the costs of the cancelled public exams w8re nol billed lo parents. As a concession during Trinity a fee reduction was given. This was on a sliding sGale reflecting the increased difficulty of younger pupils leaming remotely. The School incurred other costs on equipment. consumables and cleaning enabling COVID-19 safe reopening. In addition, certain non-teaching staff were placed on furlough and claims made against the Job Retention Scheme. The result of these actions was that the School was ablè lo provide the best education possib18 under the circumstances and has managed its resources to be able to start the 2020-21 academic year as nomial. Executlve Team The Governors were pleased to appolnl Mrs Amber Waile as the School's new Head in September 2019. Mr Fraser Campbell retired as Bursar in September 2019. Mrs Janice Lighlley was appointed Interim Bursar and retired in April 2020, when Mr Paul Daly was appoin18d as Bursar. Pupll numbors The principal activity continues lo be the provision of a day school for 4 to 18 year-old pupils. During the year the School had an average of 763 pupils in the Senior School and 353 pupils in the Preparatory School12018-19.' 735 and 333 pupils respectively). Acaderni Due lo COVID-19 no public exams were taken in the academic year of 2019-20,. however students were awarded the following sel of results based on centre assessment grades. 39.1 Yts of all A level grades were at A. 79.2010 at A"_ A and 98.9010 passes at A. C. At GCSE students were 81so awarded results based on centre assessmenl grades. 94.7.10 of 9rades were at 9-7 and 100 % al 9-6. A number ofsludents achieved straight 9s in all their GCSES. Iconlinuedl
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guaranleel GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 STRATEGIC REPORT REVIEW OF ACTIVITIES AND ACHIEVEMENTS (continued) The academic profile of the School continues to rise as revealed in the annual MIDYIS analysis of year 7 pupils. The School actively supports the national education community through the training of a number of newly qualified teachers and the provision of examiners to the major examining bodies. The School encourages tèachers lo share good practice and develop their own expertise by forming cluster groups, joining professional working parties and visiting local and national schools from both sectors lo share ideas. Co.curriculum The School continues to offer a wide range of enriching educ81ional trips and visits throughout the y8ar for pupils of all ages, including in16rnalional exchanges and language immersion opportunities. Duke of Edinburgh expeditions are well-allended al all levels, and academic departments continue lo offer a range of opportunities to extend the curriculum beyond the classroom with trips to universities, museums, galleries, performan$ ané exhibitions. Community Service Many pupils choose lo undertake community service within the local area. This includes taking posts al senior citizens, residences, day car8 cenlres, local primary schools, nurseries, the Cathedral and Abbey Church of St Alban, Age Concern and St Albans Youth Council. In addilion lo these activities, the pupils and staff have organised several charitable fund-raising events for the benefit of organisalions that support the local community. Public Beneflt The Governors have given significant consideration lo the Charity Commission guidanc8 on public benefit, including the guidance 'Public Benefit.. Running a Charity, IP82). Use of School Facilitles School facilit18s are made available for use by the local community whenever possSble. The School makes ils sports and other facilities available lo local schools, community groups and Charities and lo the wider community at favourable rates (including free-of-charge us& of facilities in some inslancesl. School Events The School regularly hosts eminent visiting speakers and organises a wide range of enrichment activities for the benefil of pupils. W8 regularly invite pupils and staff from other local schools lo attend these events in order that they might benefit from our exlensive programme. Examples include.. Royal Institution malhemalics maslerclasses involwng pupils from six local primary schools with our Sixlh Form acting as student leaders the Oxbridge Admissions Conference and Higher Education Fair which involved nearly 40 pupils from local schools the STAHS Childran's STEM Festival hosted by the Prep School which welcomed 800 members of the local cornmunily. (continued)
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 STRATEGIC REPORT REVIEW OF ACTIVITIES AND ACHIEVEMENTS (continued) Teaching and Learning Partnershlps The School is involved in a number of teaching and leaming partnerships supporting local and regional schools, pupils and teachers, inGluding.' IntoUniv&rsity, through which STAHS teachers provide A Level and GCSE revision sessions and one-to-one luilion lo state school students attending Intouniversily centr85 in Brènt and Haringey Leading the Physics Partners Sl Albans Partnership. an inilialive driving the d8v61opment of non-specialisl physics teaching in state schools provision of two day-long 'subject knowledge conferences, for over 50 trainee teachers through our partnership with the Alban Federation roadshows and masterclasses for local primary schools, with STAHS students planning and delivering sessions in a range of subjects drama partnerships throughout the year and events held in conjunction with Heathlands School for Deaf Children and local slate secondaries, and specialist drama classes al the National Autistic Society Radletl Lodga School specialist CPD for partner school staff in Art and Drama run by STAHS staff. COVID.19 four memb8rs of staff from the Design and Technology department produced over 900 visors for NHS Harrow Clinical Commissioning Group th8 School donated 300 pairs of goggles, 500 plastic aprons, 50 sets of disposable ¢OV6ralls and 4,000 pairs of nitnle glov8S to the NHS over 1 Ookg of food from th8 school kitchens was donated lo Open Door, a local homeless charity. Pupll Charltablo actlvltles pupils in the Prep and Senior School were involved in 8 number of programmes for the elderly, dementia sufferers and their carers from the local community over 100 pupils und8rtook voluntary work as parl of the Duke of Edlnburgh Award Scheme rnore than £18,000 was donated to over 30 differenl charities through pupil fundraising inilialives.
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 STRATEGIC REPORT OUR FINANCES The School's n8t income was £1,459k for the year (2019.. £2,353kl. The investment surplus {excluding depreciation) was £2,353k12019.. £3,066kl. This was 13.2% of nel luilion fee income {2019'. 17.4 % I which was in excess of the largel for the y8ar. COVID-19 had a significant impact upon the results for the year. A discount on fees was giv8n to parents for the Trinity term and the School suffered losses of other income streams, as well as increased Gosts lo ensure the ongoing safely of pupils and staff. It Is anticipated COVID-19 will continue to have an impact in the upcoming year. Note 6 to the financial statements sets oul an analysis of the assets atlribulablè to the various funds. These assets are sufficient lo meet the obligations of the School on a fund by fund basis. The S¢hool's tangible fixed ass81s are all held for continuing use by the School. The Governors consider that the market value on an existing use basis of School land and buildings is not less than the nel book value shown in the notes to Ihe financial stalemenls. The Governors, target is that the ideal level of free reserves lo aim for is 5Vo of fèe income, The Governors, policy 15 to continue building up the School's free reserves lo the ideal level by means of annual opèrating surpluses with minimal reliance on bank finance. Th8 aGcumulaled fund al th8 y8ar-end was £26,498k which was insufficient lo cover the tangible fixed ass8ls of £31,034k wilhoul recourse lo bank borrowing and leaves no free reserves, The School has an overdraft facility in case of unforeseen cash flow issues. The Governors consider that the investments in our Preparatory School which cost £7,098k (originally and al 31 August 20201, the Sports Complex which cost £3,601 k (originally and at 31 August 20201, the Jubilee Centre whiGh cost £5.465k (originally and al 31 August 20201 and the Catering & Sixth Form Developmenl which has cost £7,451 k lo dale {as al 31 August 2020) are of such importance as to meril the use of reserves in this Manner. During the year various initiatives from the Developm8nt Office and the Parents, Association raised £85k (2019.. £78kl. As the School is a charity, the parents of the pupils have the assurance that all of the income of the School will be applied for educational purposes. As an educational charity the School ènjoys tax exemption. Gains from this exemption are applied lo help achieve the chantable aims. Risk Management The Governors are responsible for the oversight of the risks faced by the school Detailed considerations of risk are delegat8d to the Senior Leadership of the School, who present these to the Finance Committee which considers on a quarterly basis nsks under the headings of financial, operational, strategic and compliance. The overall risk register is prasenled lo Council annually. The major risks to which the School is exposed are assessed in relation lo the likely damage lo the financial ané reputational wellbeing of the School andlor its infrastructure, wilhin the context of its long-lerm slrategic objectives. Risks are also assessed in respect of their potential impact, likelihood and the School's ability to lolerale the impact. Specialist external advice is taken on a regular basis lo inform Governors on key issues. (continued)
ST ALBANS HIGH SCHOOL FOR GIRLS (Limltod by Guarantee) GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 STRATEGIC REPORT Risk Management {conlinuedl The main areas of risk are considered to be.. COVID-19 extgrnal factors - seGlor, economic, political business interruption arising from non pand8mic critical incidents staffing recruitment and retention rinancial - cost pressures. external and intemal hildren's welfare - safeguarding regulatory compliance. Safeguarding and Health and Safety are always significant ar8as for risk management and they are standing agenda items al full Council meetings. Through the risk management processes eslablishod for the School, the Governors are satisfied that the major risks identified have beén adequately mitigated where necessary.11 is recognised that systems Gan only provide reasonable bul not absolute assurance thal major risks have been adequately manag8d. Principal Rlsks and Uncertaintios The Governors consider the principal risk to be ongoing economic turbulence and increased health and safely and compliance requirements as a result of COVID-19.The possibility of the associated impact on the ability of parents lo afford fees, the ability of the School to cope with the economic impact of other potential changes lo education and economic policy including the loss of business rates relief, or other as yet undefined levy., the ability of the School lo relain a mark8l share in a highly competitive region., and the increase to operating costs caused by changes lo the pension obligations and lax status of the School. As a result, working with senior sGhool leaders, the Governors continue lo monitor the education sector closely, both nationally and Ioc811y, in order lo act responsively to change5 in market conditions. Likewise, Governors monitor the controls and processe5 adopted by the School lo recruit staff and ensure that the highest standards are maintainéd in all 8re8s of the School. Through the risk management processes established across thè School, the Governors are satisfied that the major risks identified have been adequately miligaled, in so far as is possible. DIRECTORS, DUTIES Sectlon 172 of the Companie8 Act In summary, as required by Section 172 of the Companies Act, the Directors (Governors) must act in a way they consider, in good, faith, would be most likely lo promote the success of the company for the benefit of ils mèmbers as a whole and, in doing so, have regard lamongsl other matters) to.. the likely consequences of any decision in the long term the interests of the company s employees the need to foster the company's business relationships with suppliers, customers and others the impact of the company's operations on the communily and environment the desirability of the company maintaining a reputation for high standards of busines5 conduct and the need to act fairly as between mambers of the company. {continueél
ST ALBANS HIGH SCHOOL FOR GIRLS {Limited by Guarantee) GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 STRATEGIC REPORT Ovèrview of how the Board of Governors performad Its dutles Shareholders The company is limitéd by guaranlee and has no shareholders. Employees The School operates a framework for employee engagement. Meetings are held belween local management and employ66s providing employee voice. The ability for èmployees lo express their views, gel involved in decision making and provide feedback is through consultation groups, commillees and formally through voluntary union recognition. Meetings are held al least once per term between the Executive Team, Governors and the union representatives. Stakeholders, Puplls and Parents The School exists to provide excellent standards of leaching within a stimulating and challenging environment in order Ihal pupils can reach their full potential academically. in co-curricular activities and personally. The Head provides regular feedback lo the Gov8rnors at termly Education Committee m8etings. The Governors regularly allend School events and are visible in the School community to parents and pupils, Parents receive continual progress updatès on pupils, perfomiance throughout the year plus regular communication from the Head. Suppllers We value all of our suppliers, fostering long term, mutually ben8fi¢ial relationships with those critical lo the School's succ8ss. Suppliers are generally paid on 30 day 18mis. Key procurement decisions are presented to the Governors by the Executive Team prior to final decisions being made. The Board reviews the procurement policy annually lo ensure the School ¢onlinues lo receive the b8sI value for money. Communlty and Environment, Culturo and Values As a charity the School seeks lo benefit the public through the pursuit of ils aims. Safeguarding underpins all operations and the Govemors rec8lV8 regular updates on regulatory and statutory changes lo safeguarding legislation. The Governors set the bursary policy and receive regular information as to its implementalion in ordor to maximise the support available to families who could otheiSe not afford the fees. Public benefit is al the heart of the School's activities evidenced by wider usage of the School's facilities, events in the community, partnership work and fundraising activities L¢ndertaken by pupils and staff. The School is developing suslainabilily plan. EMPLOYEE ENGAGEMENT The School encourages the development of an environment in which diversity is valued. An important parl of pulling this into praclice is a commilrnent lo prohibit discrimination on any grounds including disability, gender or racial background in all employment mallers. The Sch¢)ol aims lo increase 8mployment opportunities for people who have a disability and lo ensure that it5 recruitment and selection processes are fully accessible. All School staff. students, visitors and contractors are expected to treat people from all backgrounds with respect. If, however, an individual feels Ihey have been discriminated against or harassed, they are encouraged lo report the incident. Line managers, as parl of their managerial responsibilities, must ensure there is no discrimination. Discrimination in recruilmenl, selection or employmenl is Irealed seriously by the School and could provide grounds for disciplinary action. {conlinued}
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2020 STRATEGIC REPORT Employees with Disabilities Recruilmenl.. Applicants are not asked about their disabilities until they are offered the job, at which point workplace adjuslmenls they require are discussed. Job adverts are accessible. The School is prepared lo make reasonable adjustments for candidatès who are invited lo interview, to enable them lo attend. Employment.. When an existing employee becomes disabled, we make r8asonable adjustments lo help th8m return to work. This means ensuring disabled people can overcome any substantial disadvantages Ih8y may have undertaking their jobs and progressing in work, making physical changes lo th8 workplace. We support disabled employees lo apply for an AGGess lo Work grant, which can help lo fund any necessary adjustments or support. We risk assess for th8 workplace and identify specific risks associated with a éisability. Employee Engagemènt The School operates a framework for employee engagement which includes information, consullalion which complies with the requirements of the Information and Consullalion of Employees Regulation 2004. Regular meetings are held between local manag8menl and employees providing employee voice. The ability for employees lo express their views. get involved in decision making and provide feedback through con5ullalion groups, committees and formally through JNCC. EffeGlive internal communication exists al all levels,, there is clarity of job expeclalions, career advancèment and18arning opportunities, quality of working relationships and managers who motivate, empowèr and support their employees. ENERGY AND CARBON REPORT Envlronmental Impact The School s8eks to reduce ils environmental impact whilst working to deliver the full School curriculum. Total carbon dioxide emissions for calendar year 2019 were 1480 lonnes of which 42.60/0 is related lo the consumption of purchased electricity (630.748 lonnesl, 57.1 Vo natural gas 1844.678 tonnesl and the balance from use of the S¢hool van. We expect this figure lo decrease substantially in 2020 as a number of improvement projects have compleled, a 18mporary building heated solely by electricity was removed, and there will be some decrease around the lockdown closure which particularly affect8d the Senior School. Intensity Ratlo Based on Ihe average pupil roll for the year of 1,116 the carbon dioxide per pupil per year is 1.326kgs. Total Energy Consumed {calendar year 20191 C02 conversion rate IKglKWh) 0.28307 0.215 2.62 Scope 1 Kilo watt hour (Kwh) 2,228,242 3,928,738 1,774 Total C02 Kgs Electrlcity Gas Fuels (LTR) 630.748 844.678 4,647 1,480,073 42.6 57.1 Icontinuedl
ST ALBANS HIGH SCHOOL FOR GIRLS ILimited by Guarantee) GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 STRATEGIC REPOR T Energy Improvements Several boi18r upgrades were completed during the year and 8 programme started lo upgrade 911 lighting to LED. FUTURE PLANS The strategic objects'vas of the School are encapsulated in ils Mission - by fostering scholarship and inlegrily, to provide inspirational opportunities and strong support to develop a lifelong love of learning and respect for olhars. The School's Vision is to deliver a transformational 8xperien¢e which educates young people for lives of consequence. We will provide an exceptional environment in whiGh lo work and study and make significant, positive contributions to our local community and wider society through- the provision of an innovative, engaging, challenging and relevant curnculum the provision of an inspiring and 8xlensive co-curriculum which is both adventurous and accessible the creation of a supportive partnership beeen the School, our pupils, parents, friends and alurnnae. the provision of opportunities for social and charitable aGlivism creating a network of strategic educational, ¢harilable 8nd social partnerships recruiting and retaining high calibr8 stsff and providing a happy. people-cenlred workplace which values individual and team development operating an 8thical and environmentally sustainable business maintaining and enhancing our local and national reputation. This Vision is underpinned by the School's Values.. STAHS Is ambltious. we pursue bold ideas in an environment where creativity, Innovation and success are encouraged and celebrat8d. we nurture and value relationships and partnerships that foster a global outlook. we inspire and support students and staff lo achieve their potential and meel the challenges of society. we challenge ourselves and each other to striv& for excellence in all we do. STAHS is open. we work in consullalion and collaboration lo benefit from new perspective5. we share ideas and maintain transparency. we are Irushvorthy and do what we say we will do. we listen and r8spond to the needs of our students and staff. we value open communication with parents. STAHS is responsible. we act with integrity for the greater good. we insist on upholding the highest academic and professional standards and take personal accountability for our individual and collective perfomance against those standards. we respect and celebrate diversity and equal opportunity through fostering inclusivity. we aim for all our activities to be sustainable and ethically sound. {conlinued)
ST ALBANS HIGH SCHOOL FOR GIRLS (Limitèd by Guarantae) GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 STRATEGIC REPORT FUTURE PLANS (continued) The Governors intend lo continue lo upgrade and improve the facilities of the School lo ensure that pupils are able lo achieve their full potential academically and in all their other activities in the School. It is intended that the School should gen8rale sufficient financial surplus lo facililale an ongoing programme of investment in facilities for the benefit of pupils and other young people. As part of this programme of improvement, in 2018 the Governors commenced a proiect to replace th8 existing catering facilities al the Senior School and to refurbish and expand the Sixth Form cantre. The School took possession of the final stage of the development in February 2020 and it provid8s a modern kitchen. designed for the needs of the twenty first century, and an enlarged and improved dining room for pupils and staff. The Sixth Form centre has been transformed lo creale a building which fosters ind8pendenl learning and which will facililale pupils, transition from school lo higher education. The developmanl is being funded partly from accumulated cash reserves, and partly from a ten year fixed interest rate loan of £4m. In pulling the loan in place, the School has ensured that il has compli8d with the relevant Gharily regulations regarding loan funding. STRUCTURE, GOVERNANCE AND MANAGEMENT Sl Albans High School for Girls {"The High School") was founded by Trust Deed. The High School was incorporated in 1936 and is a company limited by guarantee. There were no specific r8Stri¢tions lo the Chanty's operations imposed by the governing document in the period. The Charity can lend and borrow funds on such terms that may seem expedient as directed by the Artic18s of Association, which were adopted in April 2018. All Governors, as trustees. give of their liffle freely. Expenses totalling £2,887 were reimbursed in the year12019.. £2,214}. There w8r8 rela16d party transactions of £nil in the year (2019.. £1,160). In accordance with normal commercial practice, the School has provided insurance to prote¢t Governors and Officers from claims arising due lo negligent acts. errors or omissions occurring whilst on school business. This insurance provides cover of up to £5 million for any one claim. The premium paid for this insurance is included within Administration costs and for 2020 sto¢Jd at £2k (2019. £2kJ. Organisational Management The Council is the governing body of the School. The MemorandLJm and Articles of Association were reviewed during the Trinity 2020 term and the new Articles of Association were adopted in July 2020. The Council consists of a minimum of 12 Govemors and a maximum of 18 Governors of whorn, when the Council is complete". one is ex-officio (The Dean of Sl Albansl 17 are elecled Governors Icontinuedl
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guaranteo) GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 STRATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT Iconlinuedl Organlsatlonal Management Iconlinued) The Council de16gales some of ils work to the following Commillees.. Finance, Eslales. Education, Governanc8. Strategy and the High School Association. The Ramuneralion sub-committee reports to the Finance Committee. All six Committees report to Council. Thé Finance Committee and Council meet four tim8s a year. The remaining Committ8es usually meet once a term. Governor Rocrultment and Training Governors are appoin18d so as to cover the many disciplines and èxp6rience required by the Governing Body and lo ensure diversity in all aspects including gender, disability and racial background. The Govemors havè a commitment lo prohibit discrimination on any grounds. Succession planning and r8cruilmenl lo fill vac8ncies are considered by the Governance Committee and candidates ar8 seen by other Governors b8fore theirappointment is recommended to and approved by CounGil. New Governors are inducted into the workings of the School and tha responsibilities of being trustee of a registered charity by th8 allocation of a governor m8nlor and an induction session. New Governors are required to attend the AGBIS New Governor Seminar or complete the AGBIS e-learning course as soon as possible after appointment. All Governors are encouraged lo alt8nd seminars run by AGBIS and other providers, such as finns of accounlanls, throughout the year and aré committed lo attending th8 annual in-house training session. Members of the S8nior Lgader5hip Team deliver education81 training sessions lo Governors al Council meetings when appropriate. Governors, Responslbllltles Company and charity law requires Ihe Governors as Irus18es of the Chanty to prepare financial slalernenls for each financial year which give a true and fair view of the slate of affairs of the Charity and of ils financial aGtivilies for that period. In preparing these finanGial slalemenls, tho Governors are requir8d lo.. select sui18ble accounting policies and apply them consistently make judgements and eslimales that are reasonable and prudent observe the methods and principles in the Charilies SORP 2015 (FRS 1021 stale whether the policies adopted 8re in accordance with applicable accounting standards, subiect lo any material departures disclosed and explained in the financial slalements prepare the financial statements on the going concern basis unless it is inappropriate lo assuffle that the Charity will continue in business. The Governors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charily and enable them lo ensure that the financial slalements comply with the Charities Act 2011 and The Companies Act 2006. They are responsible for safeguarding the assels of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. (continued)
ST ALBANS HIGH SCHOOL FOR GIRLS {Limited by Guarantee GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 STRATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT (continued) Statemént ofdlsclosurn to auditor (a) so far as the Governors are aware, there Is no relevant audit information of which the Charity's auditors are unaware, and (bl they have taken all the steps that they ought lo have taken as Govemors In order to makè themselves aware of any relevant audit information and to establish that the Charity's auditors ar8 aware of that information. Audllor8 Messrs Moore Klngston Smlth, Chartered Account8nls, will offer themselves for re-appolntment as Auditors al the General Meeting in December 2020. Approved by the Councll on 07 December 2020. Signed on Its behalf by Mrs H Greatrex Chair 15
ST ALBANS HIGH SCHOOL FOR GIRLS (Limitod by Guaranto•) GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2020 GOVERNORS AND CHARITY TRUSTEES The Directors of the Cornpany, who are also the Gov6mors of Sl Albans High School for Girts. and trustees of the Charity, and who served throughout the year were.. Mrs H J Grealrex BA Msc (Hons} ACA W• AQ (Chairl Mr D Allerman MA {Oxon} XQ Mrs A J Arnold Bsc (Hons) X Q (appointed November 20201 Mr P Brewster +Tr Dr M carradI Bsc MA PhD {Cantab) ACIT ll {appointed November 2019) Mr D Cotter FCAI • (appointed June 20201 Mrs M E Darlington MA IOxon} PGCE X (resigned March 20201 Mr N Enrighl MA {Oxonl MBA NPQH FRSA llx Ms E A de Galleani BA (Hons) X + Mr T D Gardam MA Icanlabl n Mrs N Gosrani OBE FRSA xrj {appointed November 20191 Miss D M Henderson MA (Canlab) MA • A (resigned October 20191 Mrs C Jewell BA PGCE (Canlabl X (appointèd June 2020> The Very Reverend Dr Jeffr8y John MA (Oxonl DPhil (Oxon) Mr K M Keen MA (Oxon) MBA X Afi Mr B R Kellle FRICS MCIArb MAE • + {resigned June 20201 Mr S R Marlin MA (Oxon) • Mr C Murray + {appoinled June 20201 Mr D Roe Bsc (Hons} MRICS •+ Mr J S Thomson CA • + (passed away April 20201 Mrs S Verily-Thomas xx (appointed November 2019,. resigned January 20201 Mr R H Ward •• A {Vice-Chairl Finance Committee Education Committee High School Association Remuneration sub-committee Estates Committeé Governance Committee Strategy Committee The following Governors retire from the Council at the General Meeting in December 2020 and all are eligible for re-election.. Mr T Gardam having completed his first Ihree-year term, Mrs H Grealrex will be re-electad under special consideration by Council as she has completed over her three-year terms. Mr D Roe having completed his second Ihree-year term and Mr R Ward will be re-elected und6r special consideration by Council as he has completed his Ihird Ihree-year term. Mr D Allerman rètires from the Council at the G8neral Meeting in December 2020. OFFICERS The Head The Bursar & Clerk lo the Governors The Bursar & Clerk to the Governors Mrs A Waile Bsc (Rulgersl, Msc IOxon} Mr P Daly FCIS (appointed April 2020) Mrs J Lighlley MA (Oxonl ACA lappoinled September 2019,. resignad April 20201 CONTACT DETAILS School Address & Registered Office Townsend Av8nue, Sl Albans Hertfordshire AL13SJ ADVISERS Bankers Clydesdale Bank PLC, 5 LoGkley House, St Peter's street, Sl Albans, Hertfordshire AL1 SHE Messrs Moore Kingslon Smith Devonshire House, 60 Goswell Road London EC1M 7AD Auditors
ST ALBANS HIGH SCHOOL FOR GIRLS {Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST ALBANS HIGH SCHOOL FOR GIRLS Oplnlon We have audited the financial statements of Sl Albans High School for Girls for the year ended 31 August 2020 which comprise Statement of Financial Activities, the Balance Sheet, the Slat8m6nt of Cash Flows. and notes lo the financial slatemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The FinanGial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial slatements: give a true and fair view of the stale of the charitabl8 cornpany's affairs as al 31 August 2020, and of ils incoming resources and application of resourcès, includlng Ils incorne and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and hav8 b8en prepared in accordance with the requirements of the Companies Act 2006. Ba818 for opinion Wè conducted our audit in accordance with International Standards on Auditing IUKI {ISAs (UK)) ané applicable law. Our SponSIbl1111eS under those standards are further described in the Auditor's responsibilities for the audit of the financial slalemenls section of our r8POrt. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to golng concern We have nothing to report in respecl of the following matters in relation to which the ISAS IUKI require us lo report to you wh8r8-. the Governors, use of the going concern basis of accovnling in the preparation of the financial slalemènts is not appropriate., or the Governors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubl about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the dale when the financial st8tements are authorised for issue. (Gonlinued)
ST ALBANS HIGH SCHOOL FOR GIRLS ILimited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST ALBANS HIGH SCHOOL FOR GIRLS Olher infom)ation The Governors are responsible for the other information. The other infomiation comprises the information included in the Governors, annual report, other than the financial statements and our auditor's report Ihereon. Our opinion on the financial slalemenls does not cover the other information and, except to the extent otherwise explicitly slated in our report. we do not 8xpress any form of assurance conclusion Iher80n. In ¢onnaction with our audit of the financial statements, our responsibility is lo read th8 oth8r information and, in doing so, consider wh8ther th8 Other informalion is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheNise appears to be materially misstated. If we identify such material inconsistencies or apparent mat8nal mi5sts18m8nts, we are required to delemine whether there is a material misslalement in the financial statements or a material misstatement of the other information. If, based on the work we have performed. we ¢on¢lude that there is a material misstatement of this other information, w8 are requir8d lo report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by tho Companlos Act 2006 In our opinion. based on the work undertaken in the course of th8 audit.. the informallon given in the Governors, report (incorporating the strategic report and the directors, report) for the financial year for which the financial slalemenls are prepared is consislenl with the financial slal8m8nts,' and the strategic r8POrt and Ihe direclor8' report hav8 b88n prepared in accordance with 8pplicable legal requirements. Matter8 on whlch we are requlred to report by exception In th8 lighl of our knowledge and understanding of the charitable company and its environment obtained in the course of th8 audit. we have not identified material misslalemenls in the strategic report and the directors, report. We have nothing lo report in respect of the following matters in relation lo which the Companies Act 2006 requires US to report to you if. in our opinion.. adequate accounting rewrds have not been kept. or returns adequate for our audit have not been reiVed from branches not visited by us., or the finanGial statements are not in agreèment with Ihe accounting records and returns.. or certain disclosures of direclors, remuneration specified by law ar8 not made.. or we have not received all the information and explanations we require for our audit. (continued)
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST ALBANS HIGH SCHOOL FOR GIRLS Responsibllitiès of Governors As explained more fully in the Governors, responsibilities statement set out on page 14, the Governors (who are also tha direGtors of the charitable company for th8 purposes of Gompany lawl are responsible for the preparation of Ihe financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Governors determine is necessary to enable the preparation of financial statements that are free from malenal misstatement, whether due lo fraud or error. In preparing the financial slalemenls, the Governors are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, matters related to going oncèrn and using the going conc8rn basis of accounting unless the Governors either intend lo Ilquidate the charitable company or to cease operations, or have no realistic alternative but lo do so. Audltor's r88pon8ibllltlo5 for the audlt of tho financlal stat•montS Our objectives are lo obtain reasonable assurance about wheth8r tha financial stetements as a who18 are free from material misstatement. whether due lo fraud or error, and to issue an auditor's r6POrt that includes our opinion, Reasonable assurance is a high level of assurance, but is not guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misslalement when il exisls. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could r8asonably be expected lo influence the economic decisions of users taken on the basis of thes8 financial slatemenls. As parl of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional SC8Plicism throughout the audit. We also.. identify and assess the risks of material misstalemenl of the financial slalemenls, whether due to fraud or error. design and p8rform audit procedure5 responsive lo those risks, and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. obtain an understanding of internal control relevant to the audit in order lo design audit procedures Ihal are 8ppropriale in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of ihe charitable company's internal control. evaluate the appropriateness of accounting policies used and the reasonableness of accounting eslimales and relaled disclosures made by the Governors. conclude on the appropriateness of the Governors, use of the going concern basis of accounting and, based on the audit ewdence obtained, whelher a material uncertainty exists related lo events or conditions that may cast significant doubl on the charitable company's abilily lo continue as a going concern. If we conclude that a material uncerlainly exists. we are required lo draw allenlion in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audil evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charitable company lo cease to continue as a going concern. (continued)
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST ALBANS HIGH SCHOOL FOR GIRLS Audltor's responsibilitles for the audit of the flnancial statements (continued} evaluate the overall presentation, structure and content of thè financial statements, includin9 the disclosures, and whether the financial statements represent the underlying transactions and events in a mann8r that achieves fair presentation. We communicate with those charged with governance regarding. among other matters, the planned scope and timing of the audit and significant audit findings, including any significanl deficiencies in internal control that we identify during our audit. Use of our report This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the Gharitable company's members those matters we are required lo slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not acGepl or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Shivani Kothari Senior Statutory Auditor For and on behalf of.. Moore Kingston Smith Chartered Accountants Registered Auditors Devonshire House 60 Goswell Road London EC1M 7AD Dale.. 1011212020 20
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2020 Note 17 Restricted Unrestricted Funds Funds 2020 Total 2019 Total Notès £'ooo £'ooo £'ooo £'ooo Income Donations and Grants Income from Charitable Activitiès Tuition Fees Receivable Non-Tuilion Fees Income 12 {26) 17.825 17,799 17,583 Total Incomg Expenditure Expendlture on Charitablè Activities Teaching Costs Welfare Costs Premises Costs Administration of the School Governance Costs Coach Hire Interest Paid {9,9461 (9,946) 11,611) 13,161) 12,903) (9,8601 (1,687) 12,415) 12,833) 120) 13.1411 12,9031 139) {473) 211 (391 (4731 211 128) {5341 121 Total Expendltur• 14 Net Income and Net Movement In Fund8 for tho year 111) 1,470 1,459 2,353 Roconclllation of Funds Total Funds Brought Forward Total Funds Carried Forward 24 Represented by.. Reslricled funds Designated funds Unrestricted funds 6b 6b 6b 13 13 179 24 197 179 None of the company's activities were 8cquired or discontinued during the above kn financial periods. The company has no other recognised gains or losses in the year. The notes on pages 24 10 37 fomi part of these financial statements 21
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) BALANCE SHEET AS AT 31 AUGUST 2020 Notes 2020 2019 £'ooo £'O¢JO £'ooo £'ooo Fixed As8ets Tangible Fixed Assets 31,034 29,225 Current Assets Stock Debtor8 Cash at Bank and in Hand 32 219 323 6.154 5,489 Craditor8.' Amount8 lalllng due wlthln ono year Net Currenl Assot8 1 (Liabllitles) 532 51 Total A8$ets L•88 Current Llabllitles 31,566 28.712 Credltors: Amounts falllng due after more than one year 5b {4 876) Total Not Asset8 6a Fund8 of tho Charlly R8strl¢tod Fund Unrestrictod Fund Designated Fund Accumulated Fund 6b 13 24 6b 179 197 Total Charlty Funds Approved by the Governors on 07 December 2020 Q(LIC. Cirthe H Greatrex Chair R Ward Vice-chair Company Number. 321911 The notes on pages 24 to 37 form part of these financial stalemenls 22
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2020 Note 2020 2019 £'ooo £'ooo Cash generated by Operatlng Activiti88 Cash flows from Investing Actlvltla8 Interest income Finance costs Payments to acquire tangib18 assets 33 (211) 999 20 {1211 Cash used in Investing Activltlos I) I) Cash flows from Financing Activiti08 Loan drawn Repayment of borrowing 2,400 1,600 Cash goneratod by Flnanclng Actlvlties Increase in cash and cash equiva18nts in the year Cash and cash equivalents al the beginning of the year Total cash and cash equivalents at the end of the year 584 317 NOTES TO THE CASH FLOW STATEMENT A. Reconclllatlon of net movèmènt In funds lo net cash flow from operatlng activities 2020 2019 £'ooo £'ooo Net movement in funds Non-operating cash flows eliminated.. Financing Costs Depreciation Loss on fixed asset disposal Interest income Decrease l (InGreasel in Stock I Increase) l Decrease in Debtors (Decrease) I Increase in Creditors 1,459 2,353 211 894 296 (33) 23 1104} 640 121 713 1201 {151 65 602 Net cash generated by operating activities 06 The notes on pages 24 10 37 form part of these financial statements 23
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 ACCOUNTING POLICIES Basis of Prèparatlon The financial slalemants have been prepared in accordance with Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20151- Icharilias SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The accounts are prepared in slerling, whlch is the functional currency of the School. Monetary amounls in these accounts are rounded lo the nearest £1,000. The School meets th8 definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction valu8 unless otherwise stated in the relevant accounting policy notelsl. Golng Concern These financial slalemenls have been ppared on the basis the School is a golng concern. The School recorded a net surplus of income over expenditure and net cash inflows in the year endéd 31 August 2020 and has nel assets al that year end of £26.7m. The Governors are of the opinion that the School has adequate resources to continue lo operate for the foreseeable future, b8ing not 18SS than one year from the approval of th8S8 financial statemen15. For that reason. th8 Governors believe il is appropriate lo prepare the financial statements on a going concern basis. Income and expenditure and cash flows for the current trading year are refor8¢ast each month. A budget or a for8casl (income and expenditure and cash flow) is also maintained for the following year as well as longer lerrn high level financial plans. Scenario planning and sensitivity analyses around pot6ntial future and ongoing events is a key part of this proce55. These controls enabled the School lo react quickly lo the COVID-19 pandemic and are pivotal lo allowing proactive ongoing fin8ncial planning during the continuing uncertainty. Income Income is recognised when the ch8rily has entillemenl lo the funds, any perfomance conditions attached to the ilem{s} of income have been met, il is probable that the income will be received and the amount can be measured reliably. For legacies, entitlement is taken when a distribution is received from the estat8. Fees re1vable and charges for services and use of premises are accounted for in Ihe period in which the servic8 is provided. Fees receivable are slated after deducting allowances, scholarships, bursaries and other remissions allowed by Ihe school of £1,924k (2019, £1,393kl. dl Interest receivable Interest on funds held on deposit 15 included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by th8 bank. (continued) 24
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 ACCOUNTING POLICIES (contlnuedl Fund accountin9 Unrestricted funds are available to spend on activities that further any of the purposes of the charily. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. Expenditure Expenditure is recognis8d once there is a legal or conslruclive obligation lo make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. g) Operating leases The charity classifies the lease of photocopying and certain IT equipment as operating leases. Rental charges are charged on a straight line basis ov8r the term of thè lease. h) Tangible fixed asset8 Individual fixed assets costing £50,000 or more are capilalis8d at C05t and are depreciated over their estimated useful economic lives on a slraighl line basis as follows., Buildings and development projects including associated project costs - straight line method over estimated useful life, between 15 and 20 years Furniture and equipment - 10-20Vo 51raight line method A5sels are only depreciated once they are ready for use. Expenditure on IT infraslruclure and replacement fumiture and equipment is written off in full in the period in which it is incurred. Stocks Stocks are valued at the lower of cost and nel realisable value. Debtors Trade and other debtors are recognis8d al the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. k) Cash at bank and in hand Cash at bank and in hand includes cash and short 16rm highly liquid investments with a short malurily of three months or less from the dale of acquisits'on or opening of the d8POSIt or similar account. Creditors and provisions Creditors and provisions are reco9nised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to S8ttle the obligation can be measured or eslimaled reliably. Creditors and provisions are normally recognised al their settlement amount after allowing for any trade discounts due. Iconlinuedl 25
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 ACCOUNTING POLICIES {Gontinued Financial instruments The Gompany has elecled to apply the provisions of Section 11 '6asic Financial Instruments, and Section 12 '01her Financial Instruments Issues, of FRS 102 to all of its flnancial instruments. Financial instruments are re¢ognised in the company's balanc8 sh6et when the company becomes party to the Gontraclual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right lo sèt off the recognised amounts and there is an inl8nlion to 5ellle on a nel basis or to realise the asset and settle the liability simultaneously. With the 8xception of accruals, prepaym8nls and deferred income all other debtor and creditor balances are considered to be basic financial instruments under FRS 102. Pon8lon Schemes The School contributes to the Teachers, Pension Sch8me at rates set by the Scheme Actuary and as advised by the Scheme Administrator. The scheme is a rnulti-employer pension sch8me and it is not possible lo identify the assets and liabilities of the scheme atlribulable lo the School. In accordanc8 with FRS17 therefore, the scheme is accounted for as a defined conlribulion scheme. The School also contributes to other schemes for non-leaching staff. The pension schemes are externally funded. Payments made lo the schemes ar8 charged lo the income and expenditure account as incurred. TANGIBLE FIXED ASSETS Land Buildings Furnlture & Equipment £'ooo Total £'ooo £'ooo £'ooo Cost As at 1 September 2019 Additions Disposals 5,461 32.436 2.999 686 381 38,278 2,999 714 28 As at 31 August 2020 Depreciation As al 1 September 2019 Charged in Year Eliminated on Disposals 8,741 871 390 312 23 28 9,053 894 418 As at 31 August 2020 Net Book Values Al 31 August 2020 Al 31 August 2019 69 29 Icontinuedl 26
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 TANGIBLE FIXED ASSETS Icontlnuad) Buildings additions includes £2,963k relating to the Catering & Sixth Form development. Clydesdale Bank PLC has a18gal charge over the freehold land and buildings at Wheathampstead House, Codicolé Road, Wheathampst8ad AL4 8DJ. Clydesdale Bank PLC has a legal charge over the freehold land and buildings al Thè Lodge Ifomerly 14 Lodge Cottages), Codicote Road, Whealhampstead AL4 8DS. STOCKS 2020 £'ooo 2019 £'ooo Consumables DEBTORS 2020 2019 £'ooo £'ooo Fees in Arrears and Recoverable Costs Other Debtors Pr8payments 16 88 219 81 19 119 5a. CREDITORS: Amounts Falling Due Wllhln One Year 2020 2019 £'ooo £'ooo Bank Loans & Overdrafts Deferred Income Other Creditors Taxation and Social Security C05t5 Accruals 893 2.129 1,695 223 682 785 2,341 1,801 226 849 27
ST ALBANS HIGH SCHOOL FOR GIRLS {Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 5b. CREDITORS: Amounts Falling Due After Morg Than One Year 2020 £'ooo 2019 £'ooo Bank Loans Deferred Income 4,062 814 2,515 966 Analy818 of Loans Bank Loans 4.955 3,300 Included in Current Liabilities 893 785 Loan Maturlty Analysis Wilhin one year In more than one year but less than tsvo years In more than two years bul not more than five Over five years 893 951 1,144 785 951 1,564 The bank loans comprise one loan to part-finance the construction of the new Jubilee Centre {repayable by monthly inslalments over 10 years from September 2012 with a fSxed interest rat8 of 5.75Vol and one loan lo part-finance the Catering & Sixth Form development {repayable by monthly inslalm8nls over 10 years from February 2020 with a fixed Inte$1 rate of 3.9%}. Both loans are secured by way of charges over freehold land and buildings. Analysis of Deferred Income 2020 £'ooo 2019 £'ooo Due within on8 year Du8 afler more than one year 2,129 814 2,341 966 Deferred Income movement Brought forward Released in year Deferred in year Carried forward 3,307 {2,3341 2,938 {2,143) Deferred Income comprises fees paid in advanc8. 28
ST ALBANS HIGH SCHOOL FOR GIRLS (Limiled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 FINANCIAL INSTRUMENTS 2020 £'ooo 2019 £'ooo Carrylng amount of flnanclal a888ts Measured at amortised cost Carrylng amount of financial liabilitlO8 Measured al amortised cost ALLOCATION OF THE CHARITY NET ASSETS The net assets are held for various funds as follows'.- Crodltor8 Net Due After Current More Than A88et8 One Year Fixed Assets Total 2020 Total 2019 £'ooo £'ooo £'ooo £'ooo £'ooo Restricted Fund Designated Fun Accumulaled Fund 13 13 24 179 179 197 340 29
ST ALBANS HIGH SCHOOL FOR GIRLS {Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 8b. FUNDS ANALYSIS Openlng Income Expendlturè £'ooo £'ooo £'ooo Closing £'ooo 2020 Accumulated Unrestrlcted Fund 25,010 19,783 (18,295) 26,498 Designatad Fund: Preparatory School Sixth Form Musical Instruments Concerts The Duke of Edinburgh Award Scheme Total Designated Fund 104 40 18 15 105 39 1151 (6) 12 20 197 14 179 (291 Total Unreslricted Fund 25,207 19 794 18,324 26.677 Réstrlctad Fund Annual Fund 24 120) 13 Total Rastri¢led Fund 24 20 13 Total Funds 25,231 19,803 18,344 28.690 Openlng Income Expendlture Closlng £'ooo £'ooo £'ooo £'ooo 2019 Accumulatèd Unrestrlcted Fund 22,658 19,756 (17,404) 25,010 Designated Fund: Preparatory School Sixth Form Musical Instruments Concerts The Duke of Edinburgh Award Scheme Total Designated Fund 101 50 16 19 14 {111 {161 131 (211 104 40 18 15 21 207 12 54 13 164) 20 197 Total Unrestricted Fund 22,865 19,810 17,468 25,207 Restrlcted Fund Annual Fund 13 21 (10) 24 Tolal Restricted Fund 13 21 10 24 Tolal Funds 22,878 19,831 17,478 25.231 {continuedl 30
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee} hlOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 6b. FUNDS ANALYSIS Iconlinued) Designated Funds The Preparatory School fund is for the purchase of equipment for the Preparatory School. No further income is expected lo ba received into this fund. The Sixth Form fund is lo provide furnishings and small items for the Sixth Form and is funded by donations lo the School and contributions from parents. The Musical Instruments fund is Ihe cover the upkeep of the School's instrument slock.11 is funded by income from the hir8 of instruments and certain concert surpluses. The Concerts account is to fund special concerts and is funded by certain concert surpluses. The Duke of Edinburgh Award Scheme fund is to cover the cost of pupils achieving these awards and is funded by contributions from parents. Significant expenditures against the Pr8paralory School and Sixth Fomi funds had been planned for the yèar ended 31 August 2020 bul were deferred due to COVID-19 Restricted Funds The Annual Fund is a scheme designed to raise mon8y lo fund bursaries, prizes and educational lecturès. The income comprises donations lo the School. RECONCILIATION OF MOVEMENTS IN SCHOOL FUNDS 2020 2019 £'ooo £'Doo Opening Funds Main Fund Surplus for the Financial Year Closing Funds 25,231 22,878 8a. OPERATING LEASE COMMITMENTS Al the reporting end date the School had oulslanding commitments for future minimum lease payments under non-cancellable operating leases. which all fall due as follows:. 2020 2019 £'ooo £'ooo Within one year Between Iwo and five years Over five years 56 74 45 100 8b. CAPITAL COMMITMENTS Capital commitments at the year-end amounted to £22k, relating lo the new Catering & Sixth Form developmenl12019.. £2.501k, relating lo the new Calering & Sixth Form development). LEGAL STATUS OF THE TRUST The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 p8r member of the charity.
ST ALBANS HIGH SCHOOL FOR GIRLS {Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 10. PENSION SCHEMES The School participates in the Teachers. Pension Scheme I'the TPS I for its teaching staff. The pension charg6 for the year includes contributions payable to the TPS of £1,368k 12019.. £981 k) and at the year-end £163k (2019 £131 kl was aGGrued in respect of contributions to this scheme. The TPS is an unfunded multi-employer defined benefits pension scheme govemed by The Teachers, Pensions Regulations 2010 (as amended) and The Teachers, Pension Scheme Regulations 2014 las amended). Members contribute on a "pay as you go" basis with conlribulions from members and the employer being credited to the Exchequ&r. Retir8menl and other pension benefits are paid by public funds provided by Parliament. The employer contribution rale is sel by the Socrelary of Slate following scheme valuations undertaken by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as al 31 March 2016 and the Valuation Report, which was published in March 2019, confirmed that the employer contribution rale for the TPS would incr8as8 from 16.4010 10 23.6010 from 1 September 2019. Employers are also required lo pay a scheme administration levy of 0.08°h giving a total employer contribution rate of 23.68Qh. The 31 March 2016 V81u8tion Report was prepared in accordance with the benefits set out in the scheme regulations and under the approach specified in the Directions, as they applied al 5 March 2019. However, the assumptions were considered and sel by the Department for Education prior lo the ruling in the 'MGCloudlSargeanl case.. This case has requir8d the courts to consider cases regarding th8 implementation of the 2015 reforms lo Public S8rvice Pensions including the Teachers, Pensions. On 27 June 2019 the Supreme Court denied th8 government permission to appeal th8 Court of Appeal's judgment that transitional provisions introduced lo the r8formed pension schem8s in 2015 gave rise lo unlawful age discrimination. The government is respecting the Court's decision and has said it will engage fully with the Employment Tribunal as wèll as employer and member represenlaliv8S to agree how the discriminations will be remedied. A consullalion was launched by the government on 16 July 2020, and Closed lo responses on 11 October 2020. The TPS is subject lo a cost cap mechanism which was put in place to protect taxpayers against unforeseen changes in scheme costs. The Chief Secretary to the Treasury, having in 2018 announced Ihal there would be a review of this cost cap mechanism, in January 2019 announced a pause to the cost cap mechanism following the Court of Appeal's ruling in the Mccloudlsargeant case and until there is certainly about the value of pensions lo employees from April 2015 onwards. The pause was lifted in July 2020 and the government is preparing lo complete the cost control element of the 2016 valuations. which is expected to be completed in 2021. In view of the above rulings and decisions the assumptions used in the 31 March 2016 Actuarial Valuation may become inappropriate. In this scenario, a valuation prepared in accordance with revised benefits and suitably revised assumptions would yield different results than those contained in the Actuarial Valuation. (continued) 32
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 10. PENSION SCHEMES (continu8dl Until the consultation and the cost cap mechanism review are completed it is not possible to conclude on any financial impact or future changes to the contribution rates of the TPS. Accordingly, no provision for any additional past ben8fit pension costs is included in these financial slatements. The School also runs a schame for ils non-leaching staff, which is a d8fin8d Contribution scheme. The cost for the year PreSentS the School's contributions lo the sch8me of £308k {2019.. £284k). 11. INCOME FROM DONATIONS AND GRANTS Rostricted Unrestricted 2020 Total £'ooo 2019 Total £'ooo £'ooo £'ooo Donations Grants 35 50 292 85 292 78 12. INCOME FROPJI CHARITABLE ACTIVITIES 2020 2019 £'ooo £'ooo Tuition Fees Receivable consist of: Gross Tuition Fees Less.. Bursaries Grants and Allowances (1 1911 {881) Non-Tuilion Fee5 Income consists of: CoaGhe5 Lunches Other 508 432 687 688 630 852 170 33
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 13. NET INCOME STATED AFTER CHARGING: 2020 £'ooo 2019 £'ooo Auditors, Remuneration Non-Audit Remuneration Paid to Auditors Deprecialion of Chvn Equipment Hire of Equipment IT InfrastruGIu 16 14 894 48 713 27 2020 £'ooo 2019 £'ooo staff Co8t8 Wages and salaries Social Security Pension Contributions Insurance 9,375 928 1,677 9,086 906 1.265 37 Staff costs include £108k (2019 £111 kl in respect of redundancy I18rmin81ion payments. Th8s8 Costs are recognised as expenditure wh8n approved by Governors and are fund8d from net income. (conlinu8dl 34
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 13. NET INCOME STATED AFTER CHARGING: (continued) Staff Costs The number of employees whose emoluments exce8ded £60,000 is staled below:_ 2020 2019 £60,001- £70,000 £70.001- £80,000 £80,001- £90,000 £90,001- £100,000 £120,001- £130.000 £130,001- £140,000 16 13 The employer pension conlributions for the above employees were £339k12019'. £246k). The average number of full lime equivalent employees during the year was as follows'.- 2020 numbèr 2019 number Teaching and Technicians 134 134 W81fare 31 27 Promises Adminislralion 43 39 The key management personnel of the School are lisled on page 16. The total remuneration {including pension ¢ontribulions and employers, national insurance) of ihe key management personnel of Ihe School for the year lotalled £328k12019.. £358k). 35
ST ALBANS HIGH SCHOOL FOR GIRLS (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 14. ANALYSIS OF TOTAL EXPENDITURE 2020 Staff Cos Other D reciation Total 2020 £'ooo £'ooo £'ooo £'ooo Charitable Expenditure Teaching Costs Welfare Costs Premises Costs AdministralSon of the School Coach Hire Govamance Costs Interest paid 8,671 1,275 9,946 905 351 706 1,916 1,611 3,161 894 2,087 816 2,903 473 39 473 39 211 211 201 Staff Cost othar De reciatlon Total 2019 £'ooo £'ooo £'ooo £'ooo Charltablo Exponditure Teaching Costs Wellar8 Costs Premises Costs Administration of the School Coach Hire Govemance Costs Inler8St paid 8,266 1,594 9,860 810 247 877 1,455 1,687 2,415 713 1,971 862 2.833 534 28 534 28 121 121 71 36
ST ALBANS HIGH SCHOOL FOR GIRLS (Limitèd by Guarantè8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 15. INTEREST PAYABLE AND SIMILAR CHARGES 2020 £'ooo 2019 £'ooo Bank Loans and Overdrafts 121 16. CORPORATION TAXATION The charity is exempl from tsx on incomé and gains falling within section 505 of th8 Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to Ihe extent that these a applied to ils charitab18 objects. 17. STATEMENT OF FINANCIAL ACTIVITIES- PRIOR YEAR FUNDS SPLIT 2019 Ro8trictod Funds 2019 Unrestricted Funds 2020 Total 2019 Total £'ooo £'ooo £'ooo £'ooo Incomè Donatlons and Grants Incomo from Charitable Actlvlties Tuition Fees Receivable Non-Tuition Fees Incom8 17,799 17,583 17,583 Total Income 21 Expenditure Expendlture on Charltabl• Aclivitl8S Teaching Costs Welfare Costs Premises Costs Administration of the School Governance Costs Coach Hire Interest Paid (9,9461 (1.611) (3,161) (2,903) 1391 14731 211 (101 (9,8501 11,6871 {2,415) {2,833) 128) (534} 121 (9,8601 11,6871 (2,4151 12,833) 128) {5341 121 Total Expendlture 10 Net Income and Net Movement in Funds for the year 37