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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details|||
|Trustees'
report||||2-6|
|Trustees'
responsibilities
statement|||||
|Independent
auditor's|report|to the trustees ofThe Royal Grammar|School Educational|8-11|
|Trust|||||
|Statement offinancial|activities|||12|
|Balance sheet||||13|
|Statement ofcash flows||||14|
|Notes to the financial|statements|||15-28|
##
##
|||A Fletcher (ex-officio) (appointed|A Fletcher (ex-officio) (appointed|A Fletcher (ex-officio) (appointed|22|November 2021)|November 2021)|November 2021)|November 2021)||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Trustees||M Squires (co-opted)|||||||||||
|||J
Drummond
(appointed||by|the|Governors|||of the|Royal|Grammar|School)|
|||(resigned 22 November|2021)||||||||||
|||P Haggis (ex officio) (resigned
21 November||||||2022)|||||
|||J Marks (co-opted)|||||||||||
|||N J McMinn
(appointed|by the Governors||||ofthe||Royal Grammar||School)||
|||N R Paten (co-opted)|||||||||||
|||G EStanford
(appointed||by the|Governors||ofthe Royal|||Grammar|School)||
|Charity registered|||||||||||||
|number||508285|||||||||||
|Principal office||Eskdale Terrace|||||||||||
|||Newcastle
upon Tyne|||||||||||
|||NE2 4DX|||||||||||
|Secretary to|the Trust|C F Black|||||||||||
|Independent|auditor|UNW LLP|||||||||||
|||Chartered
Accountants|||||||||||
|||Citygate|||||||||||
|||St James' Boulevard|||||||||||
|||Newcastle
upon Tyne|||||||||||
|||NE1 4JE|||||||||||
|Bankers||Barclays Bank PLC|||||||||||
|||PO BOX379|||||||||||
|||71 Grey Street|||||||||||
|||Newcastle
upon Tyne|||||||||||
|||NE99 1JA|||||||||||
|Investment|advisors|COLA|||||||||||
|||Senator House|||||||||||
|||85Queen Victoria Street|||||||||||
|||London|||||||||||
|||EC4V 4ET|||||||||||
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||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|funds|
|||||Note|2022
6|2022
8|2022f|2022
6|2021
5|
|Income and||||||||||
|endowments||from:||||||||
|Donations
and||legacies||3|1,235,334|||1,235,334|899,636|
|Investments||||4|135,691|10,088||145,779|156,568|
|Total
income|||and|||||||
|endowments|||||1,371,025|10,088||1,381,113|1,056,204|
|Expenditure|on:|||||||||
|Raising funds|||||||||1,172|
|Charitable
activities|||||861,197|61,039||922,236|839,275|
|Total expenditure|||||861,197|61,039||922,236|840,447|
|Net (losses)/gains|||on|||||||
|investments|||||(78,135)|(1,287)|(3,113)|(82,535)|692,686|
|Net
movement|||in|||||||
|funds|||||431,693|(52,238)|(3,113)|376,342|908,443|
|Reconciliation|||of|||||||
|funds:||||||||||
|Total funds brought||||||||||
|forward|||||5,113,684|350,846|284,225|5,748,755|4,840,312|
|Net movement||in funds|||431,693|(52,238)|(3,113)|376,342|908,443|
|Total
funds||carried||||||||
|forward|||||5,545,377|298,608|281,112|6,125,097|5,748,755|
##
|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||Note||||F|
|Fixed assets|||||||||
|Investments||||||5,287,617||4,870,152|
|Current assets|||||||||
|Debtors||||9|543,819||86,883||
|Cash at bank|and in hand||||295,389||796,038||
||||||839,208||882,921||
|Creditors: amounts||falling|due within one||||||
|year||||10|(1,728)||(4,318)||
|Net current|assets|||||837,480||878,603|
|Total assets|less current||liabilities|||6,125,097||5,748,755|
|Total net assets||||||6,125,097||5,748,755|
|Charity funds|||||||||
|Endowment|funds|||11||281,112||284,225|
|Restricted
funds||||11||298,608||350,846|
|Unrestricted|funds|||11||5,545,377||5,113,684|
|Total funds||||||6,125,097||5,748,755|
##
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||||||Note|2022
6|2021f|
|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities||||||
|Net cash (used in)/generated||from operating|activities||13|(146,428)|307,093|
|Cash flows from investing||activities||||||
|Dividends,
interests
and rents from investments||||||145,779|156,568|
|Proceeds from sale of investments|||||||1,472,220|
|Purchase ofinvestments||||||(500,000)|(1,471,681)|
|Net cash (used in)/generated||from investing||activities||(354,221)|157,107|
|Change
in cash and cash|equivalents
in||the|year||(500,649)|464,200|
|Cash and cash equivalents|at the beginning||of|the year||796,038|331,838|
|Cash and cash equivalents||at the end of|the|year|14|295,389|796,038|
|The notes on pages 15to 28||form part ofthese||financial statements||||
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|||||unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022f|2022
6|2022|
|Charitable|trusts|||13,000||13,000|
|Legacies||||266,000||266,000|
|The Newcastle||upon Tyne Royal Grammar|School|450,000||450,000|
|individuals||||506,334||506,334|
|||||1,235,334||1,235,334|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2021|2021|2021|
|||||6||6|
|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|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022f|2022
6|2022
6|
|Income|from|listed|investments|135,691|10,088|145,779|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2021f|2021
6|2021
f|
|Income|from|listed|investments|138,093|18,475|156,568|
##
##
||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021f|2021
f|2021
f.|2021
f|
|Fees|1,114|28|30|1,172|
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022f|2022f|2022f|
|Charitable|activities|861,197|61,039|922,236|
|||Unrestricted|Restdicted|Total|
|||funds|funds|funds|
|||2021
f.|2021f|2021f|
|Charitable|activities|745,619|93,656|839,275|
##
##
|||Direct|Support|Total|
|---|---|---|---|---|
|||costs|costs|funds|
|||2022|2022|2022|
||||E|E|
|Grants awarded||904,035|18,201|922,236|
|||Direct|Support|Total|
|||costs|costs|funds|
|||2021|2021|2021|
|||E|E|E|
|Grants awarded||828,468|10,807|839,275|
|Analysis|ofsupport costs||||
||||Total|Total|
||||funds|funds|
||||2022|2021|
||||E|E|
|Special prelect expenses
Auditor's
remuneration
Bank charges|||5,759
3,750
1,433|6,945
3,620
242|
|Other expenses|||7,259||
||||18,201|10,807|
##
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##
|Debtors||||
|---|---|---|---|
|||2022|2021|
||||F|
|Other debtors
Prepayments|and accrued income|456,516
87,303|10,406
76,477|
|||543,819|86,883|
##
||||2022|2021f|
|---|---|---|---|---|
|||||154|
|Other creditors
Accruals
and deferred||income|1,728|4,164|
||||1,728|4,318|
##
##
##
##
|Statement offund|s -curre|nt year||||||
|---|---|---|---|---|---|---|---|
||||Balance at||||Balance at|
||||'I August
2021f|Income
f|Expenditure|Gains/
(Losses)
6|31July
2022|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|John Cockburn
Macdonald||Memorial||||||
|Fund
Stemson
Fund|||81,415
56,731|2,306
1,607||(1,328)
(925)|82,393
57,413|
|Bursary Campaign|Fund||17,137|1,235,819|(842,996)|(279)|409,681|
|Wolfson
Foundation|Bursary|Fund|324,129|9„179||(5,286)|328,022|
||||479,412|1,248,911|(842,996)|(7,818)|877,509|
|General funds||||||||
|General
Fund|||4,634,272|122,114|(18,201)|(70,317)|4,667,868|
|Total unrestricted|funds||5,1'I3,684|1,371,025|(861,197)|(78,135)|5,545,377|
|Endowment
funds||||||||
|Ritchie Fund|||284,225|||(3,113)|281,112|
##
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|Statement offu|nds (continued)||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1
August 2021f|Income
6|Expenditure|Gains/
(Losses)
f|31July
2022
6|
|Restricted funds|||||||
|Red Box Fund
Coomblea Trust||420
10,587|12
300|(425)|('7)
(173)|10,714|
|Recce Foundation||42,333|1,199|(14,499)|(689)|28,344|
|Ratcliff Fund||2,587|73|(2,618)|(42)||
|Ritchie Fund||8,654|8,097|(14,499)|(141)|2,111|
|Kenneth
Halton|Imison Fund|13,346|378||(218)|13,506|
|Dr Carr Fund||1,016|29||(17)|1,028|
|Advani
Fund||185,545||(14,499)||171,046|
|Flagstone
Fund||86,358||(14,499)||71,859|
|||350,846|10,088|(61,039)|(1,287)|298,608|
|Total offunds||5,748,755|1,381,113|(922,236)|(82,535)|6,125,097|
##
##
##
|Statement offund|s -prior|year||||||
|---|---|---|---|---|---|---|---|
|||Balance at|||||Balance at|
|||1 August
2020
6|Income
f|Expenditure
6|Transfers
in/out
6|Gains/
(Losses)
F|31July
2021|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|John Cockburn
Macdonald||||||||
|Memorial
Fund
Stemson
Fund||68,436
47,687|2,318
1,615|(19)
(13)||10,680
7,442|81,415
56,731|
|Bursary Campaign
Wolfson
Foundation|Fund|632,073|21,408|(734,985)||98,641|17,137|
|Bursary Fund||272,456|9,228|(74)||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|
##
|11.|Statement of funds (continued)|Statement of funds (continued)|Statement of funds (continued)||||||
|---|---|---|---|---|---|---|---|---|
||||Balance at
1 August
2020f|Income|Expenditure
f|Transfers
in/out
f.|Gains/
(Losses)
f|Balance at
31 July
2021
f|
||Restricted funds||||||||
||Red Box Fund||353|12|||55|420|
||Stokoe Fund
Coomblea Trust||(1,371)
8,899|(46)
301|(2)|1,631|(214)
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
Fund
Dr Carr Fund|Imison|11,218
854|380
29|(3)||1,751
133|13,346
1,016|
||Advani
Fund
Flagstone
Fund||195,109
98,066|4,311
2,167|(13,875)
(13,875)|||185,545
86,358|
||||393,984|28,881|(93,684)|5,933|15,732|350,846|
||Total offunds||4,840,312|1,056,204|(840,447)||692686|5,748,755|
##
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##
|Analysis of net asse|ts between|funds -|curre|nt year|nt year|nt year||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|||Restricted|Endowment|Total|
|||||||funds|funds|funds|funds|
|||||||2022|2022|2022|2022|
||||||||6|6|6|
|Fixed asset investments||||4,707,897|||298 608|281 112|5,287,617|
|Current assets|||||839,208||||839,208|
|Creditors due within|one year|||||(1,728)|||(1,728)|
|Total||||5,545,377|||298,608|281,112|6,125,097|
|Analysis of net assets between||funds -|prior|year||||||
|||||Unrestricted|||Restricted|Endowment|Total|
|||||||funds|funds|funds|funds|
|||||||2021|2021|2021|2021|
|||||||6|6|6||
|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|
|Reconciliation
of net movement||in funds to||net cash flow from operating||||activities||
|||||||||2022
6|2021f|
|Net income for the year (as per statement|||offinancial|||activities)||376,342|908,443|
|Adjustments
for:||||||||||
|Losses/(gains)
on investments||||||||82,535|(692,686)|
|Dividends,
interests|and rents from investments|||||||(145,779)|(156,568)|
|(Increase)/decrease|in debtors|||||||(456,936)|246,985|
|(Decrease)/increase|in creditors|||||||(2,590)|919|
|Net cash generated|from/(used|in) operating||activities||||(146,428)|307,093|
##
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