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|||||||Page|
|---|---|---|---|---|---|---|
|Reference|and administrative||details||||
|Trustees'|report|||||2-6|
|Trustees'|responsibilities
statement||||||
|Independent
auditor's||report to the members||ofThe Royal Grammar|School Educational|8-11|
|Trust|||||||
|Statement|offinancial|activities||||12|
|Balance sheet||||||13|
|Statement|ofcash flows||||||
|Notes to the financial||statements||||15-28|
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|Trustees||Mr M Squires, Chair (co-opted)
Mrs J Drummond
(Chair ofthe Board|Mr M Squires, Chair (co-opted)
Mrs J Drummond
(Chair ofthe Board|Mr M Squires, Chair (co-opted)
Mrs J Drummond
(Chair ofthe Board|ofGovernors|ofGovernors|ofGovernors|ofthe|Royal|Grammar School)|Grammar School)|Grammar School)|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Dr P Haggie (ex officio) (appointed||21 October|||2020)||||||
|||MrJ Marks (co-opted)
Mr
N
McMinn
(appointed|by the||Governors||of the||Royal|Grammar||School)|
|||(appointed
13October 2020)|||||||||||
|||Mr N Paton (co-opted)
Mr G Stanford (appointed|by the Governors|||of|the|Royal|Grammar||School)||
|Charity registered
number||508285|||||||||||
|Principal office||Eskdale Terrace|||||||||||
|||Newcastle
upon Tyne|||||||||||
|||NE2 4DX|||||||||||
|Secretary to|the Trust|CBlack|||||||||||
|Independent|auditor|UNW LLP
Chartered
Accountants|||||||||||
|||Citygate|||||||||||
|||StJames' Boulevard|||||||||||
|||Newcastle
upon Tyne|||||||||||
|||NE1 4JE|||||||||||
|Bankers||Bank ofScotland|||||||||||
|||Time Central|||||||||||
|||Newcastle
upon Tyne|||||||||||
|||NE1 4SR|||||||||||
|||Barclays Bank pic|||||||||||
|||PO Box379|||||||||||
|||71 Grey Street|||||||||||
|||Newcastle
upon Tyne|||||||||||
|||NE99 1JA|||||||||||
|Investment|advisors|CCLA|||||||||||
|||Senator House|||||||||||
|||85Queen Victoria Street|||||||||||
|||London|||||||||||
|||EC4V 4ET|||||||||||
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||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|funds|
||||||2021|2021|2021|2021|2020|
|||||Note||||||
|Income and||||||||||
|endowments||from:||||||||
|Donations
and||legacies|||889,230|10,406||899,636|693,595|
|Investments|||||138,093|18,475||156,568|121,436|
|Total income||and||||||||
|endowments|||||1,027,323|28,881||1,056,204|815,031|
|Expenditure|on:|||||||||
|Raising funds|||||1,114|28|30|1,172|28,015|
|Charitable
activities|||||745,619|93,656||839,275|668,405|
|Total expenditure|||||746,733|93,684|30|840,447|696,420|
|Net gains/{losses)|||on|||||||
|Investments|||||636,281|15,732|40,673|692,686|(264,944)|
|Net||||||||||
|income/(expenditure)
Transfers
between|||||916,871|(49,071)|40,643|90&,443|(146,333)|
|funds|||||(1,631)|5,933|(4,302)|||
|Net movement
funds||in|||915,240|{43,138)|36,341|908,443|(146,333)|
|Reconciliation||of||||||||
|funds:||||||||||
|Total funds brought||||||||||
|forward|||||4,198,444|393,984|247,884|4,840,312|4,986,645|
|Net movement||in funds|||915,240|(43,138)|36,341|908,443|(146,333)|
|Total funds carried
forward|||||5,113,684|350,846|284,225|5,748,755|4,840,312|
##
||||Note||2021f||2020
P|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Investments|||||4,870,152||4,178,006|
|Current assets||||||||
|Debtors||||86,883||333,868||
|Cash at bank|and in|hand||796,038||331,838||
|||||882,921||665,706||
|Creditors: amounts
year||falling due within one|10|(4,318)||(3,400)||
|Net current|assets||||878,603||662,306|
|Total assets|less current liabilities||||5,748,755||4,840,312|
|Total net assets|||||5,748,755||4,840,312|
|Charity funds||||||||
|Endowment|funds||11||284,225||247,884|
|Restricted funds|||11||350,846||393,984|
|Unrestricted|funds||11||5,113,684||4,198,444|
|Total funds|||||5,748,755||4,840,312|
##
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note||P|
|Cash flows from operating|activities||||||
|Net cash used in operating|activities||||307,093|(275,546)|
|Cash flows from investing|activities||||||
|Dividends,
interests
and rents from investments|||||156,568|121,436|
|Proceeds from sale afinvestments|||||1,472,220|2,841,046|
|Purchase ofinvestments|||||(1,471,681)|(2,959,714)|
|Net cash provided
by investing
activities|||||157,107|2,768|
|Change
in cash and cash|equivalents
in|the year|||464,200|(272,778)|
|Cash and cash equivalents|at the beginning|ofthe year|||331,83&|604,616|
|Cash and cash equivalents|at the end of|the year||14|796,038|331,838|
|The notes on pages 15to 28 form part ofthese financial|||statements||||
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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2021|
|Charitable|trusts|||13,000||13,000|
|Legacies||||170,888||170,888|
|The Newcastle||upon Tyne Royal Grammar|School|396,928||396,928|
|Individuals||||308,414|10,406|318,820|
|||||889,230|10,406|899,636|
|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2020|2020f|
|Charitable|trusts|||8,500|8,500|
|The Newcastle||upon Tyne Royal Grammar|School|284,259|284,259|
|Individuals||||400,836|400,836|
|||||693,595|693,595|
##
|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021
f|2021|2021|
|Income|from|listed|investments|138,093|18,475|156,568|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2020|2020|2020|
|Income|from|listed|investments|103,598|17,838|121,436|
##
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||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021f|2021|2021f|2021
f.|
|Fees|1,114|28|30|1,172|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2020|2020|2020|2020f|
|Fees|24,265|2,220|1,530|28,015|
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
||||F||
|Charitable|activities|745,619|93,656|839i275|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|||F|E||
|Charitable|activities|571,280|97,125|668,405|
##
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|||Direct|Support|Total|
|---|---|---|---|---|
|||costs|costs|funds|
|||2021|2021|2021|
|||K|||
|Grants awarded||828,468|10,807|839,275|
|||Direct|Support|Total|
|||costs|costs|funds|
|||2020|2020|2020|
|||F||F|
|Grants awarded||665,575|2,830|668,405|
|Analysis|ofsupport costs||||
|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|Special|project expenses|6,945||
|Auditor's|remuneration|3,620|2,700|
|Bank charges||242|130|
|||10,807|2,830|
##
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|Fixed asset investments||
|---|---|
||Listed|
||investments|
||F|
|Cost orvaluation||
|At 1 August 2020|4,178,006|
|Additions|1,471,681|
|Disposals|(1,438,719)|
|Revaluations|659,184|
|At 31July 2021|4,870,152|
|Net book value||
|At 31July 2021|4,870,152|
|At 31 July 2020|4 178006|
##
|Debtors||||
|---|---|---|---|
|||2021|2020|
||||E|
|Other debtors||10,406|333,868|
|Prepayments|and accrued income|76,477||
|||86,883|333,868|
##
|Creditors: amounts
falling due within one year|||
|---|---|---|
||2021|2020|
|||E|
|Other creditors|154||
|Accruals and deferred income|4,164|3,400|
||4,318|3,400|
##
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|11.|Statement|offunds|||||||
|---|---|---|---|---|---|---|---|---|
||Statement|offunds|- current year||||||
|||Balance at 1||||Transfers|Gains/|Balance at|
|||August 2020||Income
f|Expenditure|in/out|(Losses)|31July 2021|
||Unrestricted||||||||
||funds||||||||
||Designated||||||||
||funds||||||||
||John Cockburn||||||||
||Macdonald||||||||
||Memorial|Fund|68,436|2,318|(19)||10,680|81,415|
||Stemson
Fund||47,687|11615|(13)||7,442|56,731|
||Bursary||||||||
||Campaign||||||||
||Fund||632,073|21,408|(734,985)||98,641|17,137|
||Wolfson||||||||
||Foundation||||||||
||Bursary Fund||272,456|9,228|P4)||42,519|324,129|
||||1,020,652|34,569|(735,091)||159,282|479,412|
||General funds||||||||
||General
Fund||3,177,792|992,754|(11,642)|(1,631)|476,999|4,634,272|
||Total||||||||
||unrestricted||||||||
||funds||4,198,444|1,027,323|(746,733)|(1,631)|636,281|5,113,684|
||Endowment||||||||
||funds||||||||
||Ritchie Fund||247,884||(30)|(4,302)|40,673|284,225|
##
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|Stateme|nt offu|nds (continued)||||||
|---|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Gains/|Balance at|
|||August 2020|Income|Expenditure|in/out|(Losses)|31July 2021f|
|Restricted||||||||
|funds||||||||
|Red Box Fund||353|12|||55|420|
|Stokoe|Fund|(1,371)|(46)||1,631|(214)||
|Coomblea Trust||8,899|301|(2)||1,389|10,587|
|Recce||||||||
|Foundation||70,573|12,797|(52,051)||11,014|42,333|
|Ratcliff|Fund|2,175|74|(1)||339|2,587|
|Ritchie|Fund|8,108|8,856|(13,877)|4,302|1,265|8,654|
|Kenneth|Halton|||||||
|Imison|Fund|11,218|380|(3)||1,751|13,346|
|Dr Carr|Fund|854|29|||133|1,016|
|Advani|Fund|195,109|4,311|(13,875)|||185,545|
|Flagstone
Fund||98,066|2,167|(13,875)|||86,358|
|||393,984|28,881|(93,684)|5,933|15,732|350,846|
|Total offunds||4,840,312|1,056,204|(840,447)||692,686|5,748,755|
##
|11.|Statement offunds|Statement offunds|(continued)||||||
|---|---|---|---|---|---|---|---|---|
||Statement offunds||- prior year||||||
||||Balance at||||||
||||1 August|||Transfers|Gains/|Balance at|
||||2019|Income|Expenditure|in/out|(Losses)|31 July 2020|
|||||F||E|F||
||Unrestricted||||||||
||funds||||||||
||Designated||||||||
||funds||||||||
||John Cockburn||||||||
||Macdonald||||||||
||Memorial|Fund|71,186|1,861|(436)||(4,175)|68,436|
||Stemson
Fund||49,603|1,297|(304)||(2,909)|47,687|
||Bursary||||||||
||Campaign||||||||
||Fund||1,248,747|32,654|(576,098)||(73,230)|632,073|
||Wolfson||||||||
||Foundation||||||||
||Bursary Fund||283,400|7,411|(1,736)||(16,619)|272,456|
||||1,652,936|43,223|(578,574)||(96,933)|1,020,652|
||General funds||||||||
||General
Fund||2,397,923|753,970|(16,971)|177,993|(135,123)|3,'I 77,792|
||Total||||||||
||Unrestricted||||||||
||funds||4,050,859|797,193|(595,545)|177,993|(232,056)|4,198,444|
||Endowment||||||||
||funds||||||||
||Ritchie Fund||254,723||(1,530)|6,047|(11,356)|247,884|
##
|Statement offund|s (continued)||||||
|---|---|---|---|---|---|---|
||Balance at||||||
||1 August
2019|Income|Expenditure|Transfers
in/out|Gains/
(Losses)|Balance at
31 July 2020|
||||F|E|||
|Restricted|||||||
|funds|||||||
|Red Box Fund|367|10|(2)||(22)|353|
|Stokoe Fund|13,017|340|(13,955)||(773)|(1,371)|
|Coomblea Trust|9,264|242|(57)||(550)|8,899|
|Recce
Foundation|302,088|7,899|(43,475)|(177,993)|(17,946)|70,573|
|Ratcliff Fund|2,265|59|(14)||(135)|2,175|
|Ritchie Fund|22,887|6,643|(14,015)|(6,047)|(1,360)|8,108|
|Kenneth
Halton
Imison Fund|11,679|305|(72)||(694)|11,218|
|Dr Carr Fund|888|23|(5)||(52)|854|
|Advani
Fund|207,476|1,508|(13,875)|||195,109|
|Flagstone
Fund|111,132|809|(13,875)|||98,066|
||681,063|17,838|(99,345)|(184,040)|(21,532)|393,984|
|Total offunds|4,986,645|815,031|(696,420)||(264,944)|4,840,312|
##
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|Analysis ofnet assets between funds|-current year||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2021|2021|2021f|2021|
|Fixed asset investments|4,235,081|350,846|284,225|4,870,152|
|Current assets|882,921|||882,921|
|Creditors due within one year|(4,318)|||(4,318)|
|Total|5,113,684|350,846|284,225|5,748,755|
|Analysis ofnet assets between funds|-prior year||||
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2020|2020|2020|2020|
|||E|||
|Fixed asset investments|3,833,642|100,811|243,553|4,178,006|
|Current assets|368,202|293,173|4,331|665,706|
|Creditors due within one year|(3,400)|||(3,400)|
|Total|4,198,444|393,984|247,884|4,840,312|
|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||||||||||F|
|Net
income/(expenditure)
for
activities)||the|year|(as|per|statement|of financial|908,443|(146,333)|
|Adjustments
for:||||||||||
|(Gains)/losses
on investments||||||||(692,686)|264,944|
|Dividends,
interests|and rents|from|investments|||||(156,568)|(121,436)|
|Decrease/(increase)|in debtors|||||||246,985|(272,120)|
|Increase/(decrease)|in creditors|||||||919|(601)|
|Net cash provided|by/(used|in) operating||activities||||307,093|(275,546)|
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