REGISTERED COMPANY NUMBER: 00607992 (England and Walgs REGISTERED CHARtrY NUMBER: 525918 REPORT OF THE GOVERNORS AND FI4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 FOR THE GRANGE SCHOOL HARTFORD UMifED
THE GRANGE SCHOOL HARTFORD UMrrED CONTENTS OF THE FINANCIAL STATEME1s FOR THE YEAR ENDED 31 AUGUST2021 Page Letter from the Chair of Goverr Report of the Governo and Stratsgk Repc¥t 3to19 Roport of the Independent Auditor 20to23 Statement of Consolidatwj Fin•Klal ktNibes 24 Consdhdated and (4)mpany balanc sheets 25 Congldated Cash Flow Slatement 26 Notes to the Corwlldated Cash Flow Statement 27 Notes to thé Finandal Stslements 281041
THE GRANGE SCHOOL HAltrFORD LIMrrED
LErrER FROM THE CHAIR OF GOVERNORS
FOR THE YEAR ENDED 31 AUGUST 2021
From the Chair of Goverrwys
Parknnson
Dear Parents and Members.
l am pleased to present the School's Annual Rewrt and Accounts ffx 2022021.
Operallonally, the 202(k2021 School yEar continued lo present a variety of challeng95 for the chlldren,
parènts, th8 School staff and for the Board, a5 we all reswnd8d lo Ihe ever
THE GRANGE SCHOOL HARTFORD LIMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Th8 Governors, a a150 DwKtors of the Charity for the wrposes of the Cornpan Act 2006. pre8enl their report the finan¢ial slalements of the Charity for the year end 31 August 2021. Th8 Governor8 have adopted the FYovi$ions of the Statement of Recommended PractKe (SORPI 'Accounting and Reportlng by Charities, appliCae to Charit$ preparing their lUnts In a¢cOrda wlth Financial RewrtirwJ Standard applicae in the UK and Republic of Ireland {FRS102)- effeclve 1 Januwy 2019. REFERENCE AND ADMINISTRATIVE DETAILS Reglsterod Company numb•r 00607992 (England and Wales) Rogl8t•r•d Charlty numb•r 525918 Roglst•r•d offk• Bradburns Lane Hartford Northwich Cheghiro CW8 1LU Govornorn N Parkln8on N Brou ham JWSIM on O Akka M Newsholme NAJa tllake E Arnot T Brocklebank J Uewell IT rammelProje¢l Mana ConsultinLActua Chartered Surve Director Chartere(l A¢counianl COMmunit Paédlatrl¢lan HR Consultanl l Director Consultant Ap.oointed 111 December 2020J Chlei Financial Officer Ire ndenl Advisor TV ExtIVe inled 1 December 2020 inted 25th Ma 2021 Archile¢t IAppoinled 251h Ma[2021 Headleacher- retlred (Appointed 14th Seplember 2021) The following Governors during tho financial year and have subsequenlly resigned C G 054.esby ch Execulfve (Reglgned 311t October 2020 H Burgoyne Solicitor ResiLned 31# Oecernber 2020 K M Williams n Director Resigned 25th Ma 2021 C Stanton Lecturer Resl ned 25m Ma 2021 C Mccrohan Professor of Comparative Neurobdogy Resi ned 25th Ma 2021 ' Hea(J Teach8r- retired (Resigned 25th May 2021 I IAppolnted 25th May 2021. reSned 31 August 2021 T Sherrx _ V Fleetwood SBe T Pollard N Matthews Dr A AJ-Abdin Membership of the Trtt as al 31 August 2021 was 1.333 compared lo 1,409 at 31 August 2020. Company S•cr•tary Debbie Toriussen Page 3
THE GRANGE SCHOOL HARTFORD LIMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 REFERENCE AND ADMINISTRATIVE DEfAILS Bank•r8 Natlonal Westminslw Bank Flc P.0 Box No. 6 The Bull Ring Northwich Cheshire CW9 5BN Handelsbanken Warrington Branch 760 MarKlarin Court Centre Park Warrington WA1 1GG Audltorn Crowè U.K. LLP The Lexicon Mount Street Manchester M2 SNT Page 4
THE GRANGE SCHOOL HARTFORD UMrrED REpoKf OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 P4rinwn Chalr ofthe Board of GOv•rn and Chair of the Joined the Boarf rf Govemor5 In January 2CKJ7 and was appolnt8d chair in May 2021. He rd al80 Chalr ofthe Renwneraoon Ccfflrnitiee aThJ 8eNes on the FinarKe. Pwty. NomInalior and Cw)Ilanc8 CommtttO08. A Cryrtgr from th8 UnNer81ty of MarSta[ Institute ol Science and Techrthoy, NlJel prothdgs Ir¥J8p8ndent (y)nwJliancy 8eNth8 In tho Finandal SeN1t$ wt. eWoitirvJ technow dgh¥8ring programmgs of th8n98 kn UK and Inlemal¥Jnal b1 thp collwnle8. NhJel has three ¢NldThi have al progr9s60d Ihrwh thts ststs educatwjn sym Unfvew into Profe)nal omF40ent and NhJ81 h98 8 broad range of sport & betSu Int8ro8ts, IndUd footb811, 9ts, arKI dar1. N•ll Wam N811 B08nl of GOveffts in Novernb 2013 and 8erve8 on thg Propety Finm and Rurat Commltte&s. He 18 8 Senior Partner al Morc•r in M8nthe8ter, 8 firni of uri&s and HR consutIan aThJ astho appolnt&J aduary to 8eveTal large [On fiJnd8. Ho haB thrne *tKJ all pupllB at fv Grnnge prtor to ITn9 on lo arnj enwoyirtht. HIS Intwe8ts kndud nging. wno and cyrling. Page 5
THE GRANGE SCHOOL HARTFORD UMITED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 my Slmps¢)n Jeremyioined tha Board ofGov9M in 2015 and chalrsthe Prop8rty Commtttee and serves on thg complne Commiitee. He Is Chartgred Surb7yor aThJ * a of Slrnp8ons Comm8rdal Property. è splalIst proFety ffirrn. He way previoudy a partmr kn Tushlnglwn Mcoro. Jeremy vrns a graduate in Urtjan Larrtl frryn Sheffiekl Pythn arKI h88 an MBA from thg Mondwter 8uwn88s School and 18 8 Fdknv of the Royal InStite of JeremVsthreo chlklren al attendod Thg Gr8r Senknr Schcd. H8 •nJoys most arKJ reguLgty Flays goll and t•nni6 enloyB (rtc 8(IMY88 IrThJ fell rdl. ¢ydiNJ 8nd 8kllng. D•¥ld Akka halr of th• Edu¢•don CoThnH Dad Scined the t)grd ofgowmm in 2018 wa8 appohtsd chalr of the Ethjcation Commliloo in 2021. He alKJ 8erv8s on the FlnBnc8 Commitlee. He has ¢)v•r 20 yearn, eXpernC0 in rnnIng hlB own tne08 In ts text. and clothir¥J industy. He h88 a dwdree h MedwnK81 EnginthJ aThJ a &st91aduat8 Thpbma In Law. D8vld Ilv88 in Ch88hire tith hLry wffg 8n¢Y chldren. one attands The GTrrvae SCI. H818 a kaan muskw. en parUclpaWrvJ in mgny wnateurspxxty i8 biltrYJu81 In French aThJ thetsany OPFJrtunlty to w18 FI th h16 knIPy. kl•rtln Ntr•Mholm• Chalr of th• FSnK• Comnth•• Martkn I>9 a Governor In Septr2010 8nd chalrn the FinarKe Committ•e 8nd ¥erye8 on tho Propgty Rernunerat CommNtee8. ManIS a nortrexecutivo dlroctor of bu$inos885 In the h8atthcar• and 1X)1r& sectoTr hovlng prgViOLKgty b8èn 8 Partner the acLX)unlan¢y fjm KPMG. He has vast expèrience of advlslng t)aids of publ 8TrJ wiv818 compankn8 8nd of (prallonal manwrnnt in Fxfvate t¥JneSS and prof•ssion81 prth. Mgrtkn h8$ bbin •¢Th vtho pupll8 81 the GraThJe SdKd prlor to )ylrKJ on lo and ¥th. Marlin h85 8 keen interest In most 8POrt8 and Is a qUalffiednb)r n4by co and an enlhu&astS¢ golf•r. N•oml J•y4tll4k• Naoml Ihe Board of Govemors Mi June 2019 aThJ 8gNgs on tho Ncfnlnalion6 and CoftWlarTh Committties vAth 8pecA reBFKffisbiMies for ¥afwJuarth"rg. She gradualed with nou(S m&Jkal d•Jree frcth The UnNeriity of Lfverpool arKI wotknd in vaiious IKtspitAls acrrw the North West. She Ss curyenlly 8 Spedal Dockni In Ccrfnmunlty pa1trs at Lelghton Hospltsl. Safegu8rdir¥J cildren and ywrKJ p8wAe a L4rg8 part of h&r rolo as Commun Paedlatrfdan. Str* ser¥e5 on the Executivfr Coun(xl for Tho British Ass(M>a¢ion of Communty Child H&ath and IB a 8ACCH rePrentatiVe lorThe Royal CollgJe ofPa8(1igtrkz and Chikl Health. Naomi ha$ children 8ltsnd the senior schcd. Page 6
THE GRANGE SCHOOL HARTFORD LIMITED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Elaln• Amot Ch•lr of th• Nomin•tlon• Comn ne i0J lh8 Bo8NI of GoNwnors Awsi 2019 8rKI IB chair of the Nw1n.S c(YnmitteB and 8eNes on Fln8nc6 (rIte8. She i8 a Fdkyw of the Chartered InstltLrt• of PgfBonn81 and Doveloprrl After 8 S¢9ssJl car8er in 86nkY HR rt)le8 In both thè FThte a1 sir, ELgine r•)w manaJ8s a Human Resou ¢orwJ112ncy b(neSS supporbng organlsations in privote. publk and Eine'S regdar &tivlUo8 IrKlude rniing on tho rlvgr Do8. waklw, Jwa, Pilates and skiry. Julln Uv•ll> Julk4n lolnad th6 lal of knmor8 In Augu812020 aNJ 8eN88 on the Flnarth And Pmpety Comittees. He is the Chi•f Finènclal Offlcer of a Man¢hgsler b488d IT bu8irw BCN Group. aTrJ hdd8 cMrtè of Juh'an coach88 al Lymm R4¥Jby aub, plays cricket I has 8 keen int8reBt in 8FAxI ggngralty. His son curm1 attendB tho Grarye Sthod. Andrnw R•• Anty itiin&J tha 80ory1 of Governo(¥ In 220 and 88N•$ on tho Flnance and CCffiFIi¢fj C(#nmitte88th Bpedfic re8pon8iblll0e8 f8nh & 88fty. mdy 8t hi8 e8wr forSh811. ren9 at th• •1 of 2018 after 32 year8, wding h18 lIn 5 r5 In execuO¥p 8d8T$hip team ol Sho1 ChemulB. Slnce hls Trtireml. Andy has nI rncOnrtin9 hobble8 - pavllcularly hiw and V*rKththiwvJ as as und9rtskfi a Small Smo1 of Hlb 3 8T8 fomwr PUFAl8 of th• Thom•• Sh• TcAn Iho Bowd of J8nu•ry 20218TrJ 8erve8 ¢)n the EOJcation CLfflmhteo. Tom first the Grange Scfv)ol 0$ student In 1979. HIS ¥1• al att The 8fKI th&y Th)w have Child at thg SthoDI. than 20 ye8rs and hls cuonI rcle is of Drama Mjrth ond Scouand Ix BBC Pag8 7
THE GRANGE SCHOOL HAKtFORD UMITED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Trevor i(xngd e4)ard of Govgmcrfs In De¢gmbgr 2020 8rKJ 88rveB the EIK8Oon CcrfnThMttee. TrevorcutT• 8 PX)rtfdio ofNon. wles. I1rj ch80fmarketh Che8Nre ano Vicfrchair of thè Ch#shirB and WaThiryton Lccal Enterpris8 Partrwthip. He is a Non-Exe¢uUv8 DIrtOr at Mid Cheshire Hospilti& Foun(latth TTu31 aNI Wcbu¥ an empk)yee satislth survey provkl&r. Is al of tffij fTanch18e (Parles, Rise aTrJ InHabit. Trovorhgsthw¢hMthn r[Br1yattand the GrwYJ8. Trebfjr8nd IM8 cOn 811 ty818xk hè has a r1arIn18TO$t In th18 8iea Vl¢ky Flgelwood- Appolnt•d 25th May 2021 Ch•lr ot th• compl15•n Com VW 80ord of Governc In May 2021 and Os calf of the ComF4iance c1jnntte8 aTrJ 8Bryes on the kniMan9 C¢Jnmltt88. H•r 3 chiklM attonw Iho durlNd the rrlcxl 1999 to 2020 8nd h88 a Intere81 in th• 4%ldèr banèffts of edu(¥tion and enrfthment to help devebp rgsligrKp In yourvJ peOe. 11 V7cty has twn o 801tilorfDr 30 years 8(M8lng prkn8rtty on QxTh1al trans8c16on8 crynpuance vAthln Lqrge glob cunpanies and h98 pleyed a key Tole In 8u&Alngblllty stsThJard8. Vkky ha$8 keen i)tW68t kn SI1, partrtY lat any lèvdl and Lkg1. She enF)ys walklryJ, reading, love8 trBv818nd has sp8nt th18 r vo14thity ai a vacclnth L¥ntrg in o Sports hall. Stuart B•99-Appolnt•d 25th M•y 2021 Strrt Icird tho 808rd of GowTh)r• In May 2021 and Ser t tho Propety Cclnmittee. hasover 30 y8ars' experience in hitecture and Propd Mgnag8mont In lh8 dejlgn and delivery of a ca)mprèhonsive rarge ofpropcitypes 8rKI h88 a broad und8r6tsnding ol all as8 of construdion 8nd prcKuremenl metlKJd8 IndJIr partnertng strai8918s &ssenli81 to d8liveT su8lU1 wc48¢ts. SluarV$ sons attended the 1n1)r S(*ool thrOh to sixth form. Ihe youngost lgthng In Z020. Outsid8 his career Stugrt enjoys a7r0 gom and. crickeL is a keen skier wth Tlery through Pilates. Sluart 8180 enjoys 8ket¢hing. gardeniro and ine tary ond lIlY In¥0d w) the village communty where INes. Page 8
THE GRANGE SCHOOL HARTFORD LIMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPOltr FOR THE YEAR ENDED 31 AUGUST 2021 Tracy PollwQ-Appoint•d 14 SeOwnb•r 2021 Tr8¢y Idn811 the Board of Govemcys Sèptomber 2021 aThJ se9 on the Ellatn Comrth. Sh8 is a rel1 H&adt8acher who ha8 taught and led In th8 echKalyon 8ectorfor 33 yèars. Twy Chairs the Edu(¥kn Cofflrniltee of ar w¥Jew)(lenl 8Loc4 and rrnlor8 Tr8¢y 58 Fo88ble about 811 Ihings ou¢()or¥ and spend8 aB rThJth me as KxNitle in the Lak8 DithL walklng cycllng. Shg 18 8 pa8SK)rwte wder enjcys watching live theatre aTrJ dance STRUCTURE, GoveRNANCE AND MANAGEMENT Gov•rnlno docum•nt The Charlty 1$ controlled by Its govemlng document. and corr8tltut8d as a Ilmttod company. 1Smlled by guarantee. as defined by the Companles Act 2006. Prlnclpal Actlvlty The prln¢lpal actlvlty Is the operation of an Ir•pOndent c(FeduCatn81 day 8thJol. Rocrultm•nl and appolntm•nt of n•w Gov•morn Govemor8 are subject lo the rellremenl by rototn w¢)visions In the Art1 of Association Inomalty requlring Govemor8 lo retlre al Iho Annual Genwal Meelhg third annbMr8ary of their election or re-eloctlon). Inductlon and tralnlng of n•w Govwnor• A proce68 for the indu¢t6on of new Governcn has been apyoved by th8 GoverrM)rs so that al, lor about), the tlme of appointment. new Governor8 are glven details of the workiws of S¢hool and Board policies and prccedures. In addrtion, GoverrK)rs are offered training on i88ue8 and 8uble¢ts rdevanl to their work through tralning ¢ourses and seminar8. Organlsatlonal 8tru¢turn The Schod is conslltuted under ils Art&S and Memorandum of Assoclalion, last amended in 2009. Mgmbei8 of the Governing Body are detailed on page 3 of this report. The Governors make the key deosions for, ar¥J deterniine the general policies of, the School and megt at least three times a year as a full Board. There are four sub committees that support the Board., Finance, Property, Compliance and Education all of whKh meet bef(Ke each main Board Meeting and at other times as requlred. In addbtion. there are two sub-commrtiees that meet as and wn required.. Nominath)fts and RemeraOn. The day-to4ay markigement of the Sch¢1 is delegalod lo the Head. The Head Supported by Ihe Executive Leadership Tearn comprising the Head of the Junior School, the Director of Finance and Op8rath)ns and the Senior Dewty Head of the Sen¥)r School. These are the key management per30nnel. The Heads and the Direotor of Finance and OFeratK>ns atteThl all meetings of the Goveming Body's committee8. Remuneration is sel by Ihe Remun8raon Commitlee I1h the tM)licy objective of provKllng appropriate incentives lo enwurage enharThl perfManCe aTrJ of rwdriling fairly and responsibly irKlividual contritMJtlons to the School'6 success. The remuneration polKy 15 reVie%d on an annual basis with refwenca to Oth ind8pendent schools. Page 9
THE GRANGE SCHOOL HAirfFORD UMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Employm•nt policy Th8 School is an equal opportunity organisatlon and 1$ o)mrnrttl to a working environment that bs free from anyform of discriminaln on the grounds of colour. race. ethnicity, religion, sex. sexual orlentstk)n or dlsabillty. The School makes reasonable adjustrnents to meet the r&3$ of staff or students who afe or be¢ome disable(l. Govornor engag•ment wlth •mploy••8 The Chair of Governors writes to employees al least annually. and more frequently rf required. lo update them on the Strateg direcllon of the School arNJ on key decisions of the Governing Board that m8y affect thg employees. Updates form part of the conlenl of regular Inset days which often indude the opportunity for employees lo comment on arKI add lo the strategic vision of the School. Follo%n9 engagement sessions held whh staff to discuss key challenges durlng 201&20, a Staff Forum Ythh a clear Terms of Reference and role desclplion for F(Kum members was established. The Forum meet at least temly and have a focus on wellbelng and some organisational mallers that impact staff. The Head and Senior Leadership team pon$ib16 for day to day communlcbns e8¢alale matters for Governors attenlbn Nthere approprkqle. Govornor •n8ag•m•nt wlth par•Tht8 The Chalr of Governors V•Tlt88 to parents 8t leasl annually before the start of the acadernk year to upxlate them wlth Spect lo progress towards strategic alm$ arKI the finances of the School. Parerbtal surveys are undertaken on a Ferndic basis to idenbfy whether the School is meeting pupils, and parents, needs as expected. Results are presented by the Head to Govefflors and actions agreed. Most ¢ommunt4tion wrth Parents Is undertaken by the Senior Leadership Team and other staff of th8 School and matter$ are e$¢alated lo Governors ¥there raquid. Th8 School closure due to the Covld-19 p8ndemi¢ r?$ulied In more communutlon between the Head and G0veff and parents durlng 20120 and 2020-21 than In preceding years lo ensure all $lakoholdors appropriately updated. The Markellng and Admissh)ns team and Heads of both schools frequonlly Ilalse with pros[.¥& $toMOr5 aTrJ gather Inlelllgence lo ensure the Gran School meets changing requiremonts of parents. C•ntral purpos• The Grange School's central purp)se is lo provide the highest standards of edUcatn to the puplls who attend the School. At the end of the academic year 2020-2021. 1196 sluden15 bgtsveen the ages of 4 and 18 atteThJed the School.. 452 at the Junlor School. 589 at th8 Senlor SclM)ol and 155 in th8 Sixth Fo. In a very eompetilive and Slu1 market for Irmlependenl edu¢atM)n. The Grange School seek$ lo meet its overriding commitrnenl to success and financLg1 viabllty of charity. The Schcd has contlnued to mak8 slgnffjanI imkYovein?nl¥ lo facilities, staffing and resour¢e$ in order lo deliver an outslandirrfJ qualty of educational provision. As a relalively yourKJ lThJepejenI SCIM Ilhe Senior ScFb)ol was founded In 19781, Th& Grange has no $onifiGant source of income other than I$. In swle of this, the govemors pl the highosl posslble value on providing public benefft and a ¢on5tanlly k)king for ways to expand and diversfy the offerlng. Ethos Our school welcomes 5ttJdents from all backgrounds. At the heart of our admissiong pY ensur1 that we G2n develop students lo Ihe best of thr wlenlial, in line with the general standards achieved by Ihelr wers. Entrance assessments ensure Ihal we and parents are satisfied that pjlgnts.al students can cope with thè paco of leaming and benefft from the educatson we PTovide. An indiwdual's economic status, gender, ethnicity, race, religion or disablllty do notform part of our assessment proce¥s85. Through our'Access to ExcellenGe' bursary scheme. we actively promote wder sctial acCS to our and do our b8st to ensu Ihat l¢)Gal PTimary schools recelve up to ¢Jate infomalion 8bout this scFwng. We are an equal OP[xun1ty cganisath)n and are CA)mmitted to an enwronmenl that is free from any form of dlscrimination {on the grounds of colours, race, ethnicrty. relKJb)n. gender, Sexual orlatiOn or di88biltyl. We 11 make reasonable adiustment5 to meet th8 needs of slaff or students who are or become dlsabled. Page 10
THE GRANGE SCHOOL HARTFORD LIMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGusf 2021 A¢hi•vomonts The qualty of the education FffOVKled by the ¢harityfor its wjpils c4)ntinues lo be excellanl by every measurable stan(iard. Whilst publ examinations dld rjol kYc¢eed due lo cowd-19. students were Issued wfith Teacher Assessed Grades {TAGsl at LK)th GCSE and A Level. We ware delighled to celebrate anothw $tadlng sel of results as both cohorts kept pace vith their tKedecLssors lo a¢hieve superb outcomes. Al GCSE levgl ov 75% of all enlrses were ¥chVed al grades 7 10 g arwj al A Level over 80% of all grades wwe awarded at A. to A. Over 85% of all A Level students went on to study al Ihelr first Cho8 university wth a number of students opting lo tske a gap year. These stalistKs make The Grar4J6 one of the t)est perfoming school8 In the North West and hhlY regarded thin the region. Acadomlc Whilst restrlon5 limited edUcatn81 visits, we worked vthhin the guidellnès to sUpeMent the w0visn in the classroom. Online exper8$ still alloEd Grange students to further thdr knovAedg8, as with the Maths Inspiration Day whilst vigltors dlowed an extra element in the da85room. as a Textiles workshop. The GraThJe welcomed outside speakers Wkfasl talks ar¥J also PM>sled a vlrtual Carews Corrf8renc8 featuring dfverse careers from med1n8 to ¢omwter programming. More Able and Talented {M4TI sludenls are thell eatered for a3 part of a GraTV educalk)n. SlgnKicant numbers un(iertake an optional Extended ProJ6¢t Qualificatson alongside ltr1r A Lèvel subjects and over half a¢hlevlng an A or A.. Mirroring this OPFQrtunlty to r6search and present on a lopic of their ¢hoic8, ten Year 8 & 9 pupils undertcok the Head's Awards featuring topic¥ a8 dNerse as on Artsficial Intelligence and human rlghts lo whether conts¢t swis should require protective headgear. As well a$ an'ac8demi¢ in$piralion' portal on Flreffly lour VLEI, students have the charte to exlfynd thglr Ihlnklng aTrJ eng8ge wilh real wodd debates as part of school council bul also in enrichment such as Model Unrted Nath?n8 and Politics Forum. Pasloral Underpinning a Grange educauon is providing an atmoskthere in whith all children can thrfve. C8nlr81 lo thi8 is a staff bodywho devote great energy lo celebrdling the SLK%esses achieved whilst supp)rtlng 8ach Indlvldual through more difficult limo5. On a day-tt>day basis all sttbjents aro supported by tholr fomi lulor and In Ihe Senior School this is supplemented wlh yearfy one-towone mentor sessions. These offer an Invaluable insight in lo the well-bging of every child and a lime to upon their lime al School wllh the person reswnsible for their pastoral care. In addltlon to the cjjrriculum Personal, Social and Health Educatlon (PSHEI programme. fomi teachers continue to leach one period of PSHE to their fomi once a fortnlght. again reinforcing the l)ond beveen teacher aTrJ fomi, lL81 enabling tutors lo tackle issu8S that are pressing for their tutee$. This continued remotely, wlth regular pastoral meetings at both JunK)r and Senlor level malnlaining the individual 8upF but also communty spirrt that tlfS a GrarvJe education. L•amlng Support Al0sIde our strong pastoral care approath. The Grange continLs lo do its uimosl to ensuro that the benefits of atlending are achieved by those young peop wrth Special Educatlonal NJ8 ISENDI. Both schools have a dedicated SENCO and ccMJnsellor lo Sup students and 8dvise the teaching teams. The Pupil Support team liaise effectively with students, teachers and parents to provKle the specrfK help that children need lo thrive al the School. They a 11 supported by our school nurses. allowng us to offer an exceptional level of Supm for students have addrtional needs - be they edu&10na1. phy3ical or emotional. Excelnt relalionshSps between leachers, students and p8rents ensure that thiklren have they indivKlual needs met in a Ihoughtful an(1 cooperative y. Page11
THE GRANGE SCHOOL HARTFORD LIMrrED REPORT OF THE GOVERNORS AND STRATEGIC REpoFrr FOR THE YEAR ENDED 31 AUGUST 2021 Enrfchmonl P•rformlng Arts The obvious academic benefts are suprthed by the equally imwrtant work that the School does wlth gard to the pastoral Ca and onrichmenl opiM)rtunities r( offers lo ll$ students. Despite the ongoing impact of the patmlemlc that continued to challervJe and ChaIn t1 operaled wthin School. Ihere was much to cdebrate In 2020-2021. In the pwlorming arts. the Junhy School enjo an inspiring Pop-up Performance Week durlng the aulumn term- a week of musKal entertainment fealurlng beautifvl oboe music lo enraptured audiences and perfomian¢es from students 8t every assembly. Hundreds of pupils performed to thair classmales In muslc lessM$. on the playgrounds and during lunchtimes. There were plersty of opportunilles musical p8rfomiances In the Senior School with six virtual concerts fealurlng both iThJividuals and ensembles pieces thanks to the thnical expertise of Grange staff. There were also opportUnitS lo witnes$ Grange students, theatrical skills in our Christmas Celebration and our Cobbration of Grange Talent in February. Al GCSE and A Level Drama Students worked wtlh Fr8nlic Assembly lo refin8 thelr skills al the start of the year before undertaking tAIth devised ar¥J scripted Wactl perf0mar$ throughout the year. AS restrlon5 lrfted, there was 8 retum to Ilve pfrrfMares for both departmerrts In JU. Gosforth's Fete enlertained audiences over three evenings thanks to the tants and comic timirKJ of our students, arKI all Grange ensembl8s perfomied in a highly su6$ul summer concert to a 8ellryOUt aud. Sport In sports th8 resumplkn ofschwl fixture8 and tournaments Wasle0M8d by all. albert wh some Interruptions due to restrlcllons and year group bubbles still in place. 2020-21 was a fantastic year for Netball as participation grew 8ufficlenlly lo allow all age groups lo field an A and B team. Th8 Grange dominated IallY th Year$ 9, 10 & 11 all finlshlng the season a5 Cheshire chaMpn8. At national level. the U12 b8came Sisters n Sport North Champhms and funner&up in the National finals whilst Ihe U14 are Slsters n Sport Plate North Champlong and Nallonal wlnnets. Rugby has continued lo dèvdop wth excellent numt*rs a¢ros$ all age groups and there are now teams at senk)r level with the hhlyht being the U16 team's succe88 in the Cheshire Shield. Hockey conllnLl lo grow wlh a posrtNe indoor prwamme leading to the seniN team quallfying for the Nation81 Indoor Flnals at Repion. Football ct)ntinues to go from strength to strength with strong numbers across all age groups and a se8 of successful cup runs. As well as team success, we have individLsals rewegenting Ihelr reglon In all sports, induding intematK)nal$ in both hockey and netball and members of professional rugby and football academies. The summer $8w ¢ri¢kel, tennis and athlee6 takiNJ centre stage with18rger numbers of students getting the opportunty lo partKipate in 8 sews of comFelltlve fixtures against Ioc81 schools. Despite re5tr1ctions hampering the rowng season, the dub competwj al both Ncrfthwich and Domey and now over 100 students are members of the dub. Despite the various Inlerrupllons IoughoUt 2020-21, evwy spryt has a strorvJ foundalhjn for the future. Out•ld• of the Cla88room As restrictions relaxed, Grange stLKlents participated kn a raThJe of '¢Ide the clgssnjom experien$, Including the RSC SchcK)Is Analyst Competitn. Gec•Jraphyfield trips and a Rocket Day in ph1¢$. Not to be ouldone, the Duke of Edinburgh team managed a busy summer season wlh fNe expeditions runnlng to support the development of Bronze and Solver Awards for ovw 150 sludenls. Despite external uncertalnty surrounding examlnatK)ns, many of the Upper Sixth pursued a Gold Award aTrJ it was seasons in one for the Year 115 as over 50 Students urKlert¢>)k both Bronze and Silver awards in the same year. Again. thls exemr4rfEs how The Granoe is fulfilling rts malor alm as a charily: to prowde th8 highest standards of edu¢alion to the pupils o attend the School. Page 12
THE GRANGE SCHOOL HARTFORD LIMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Public Ben8llt Burnarl Bur5arl8s conunue to Flay a ¢wttral rol8 in onsuring there is as wlde as pos8lble access to the edu>ion offered by The Grange, and that it is not ex¢lu$ively for those with the inc0rn8 to pay for it. The 'Ac¢ess to Excellence, xhem? offers several bursaries per year from 10% to 1Crt)% of fees. In 2020-21, 35 8lud8nls were in receipt of a bursary from this scheme at the Senky SGhool, plus an addit 7 Sdents In rlpt of a 'hardship grant., whth enables families. vhw finan¢491 orcumstances change, lo continue to send thelr children to the School. The total Bursary expenditu for 20221 vrd5 £331.713. The SchcN)I has a Sound financial plan that balances the need for cthinuing to develop the resource that it offers to those It educates and providiNJ financ support for those w1 V•Dukl not oth$0 be able to affcfd full fe8S. As well as the provision of bur5arigs, Thg Gran also recognises the imrrfxtarKe of the distribution of information surrounding thèm, $0 that thi5 is nol a signffunt factor $tling aSs. EXrlIent relalionshlps with local primary sthools, as V•Trll as effective dlstribut)n of Informab'on lo them and lo everyone coming lo an open event fom the bedrock of this strategy. The Schwl prides itsew on developir4J OppnItieS for ollaboralk)n with other 8chool$. $u¢h as workshops, arKJ offoring the us8 of Its fac41ities. It is the stroThJly held prlnclple of the Sch¢y)I lo exiend a¢¢¢s$ to IL r¢ only through a finala1 inveslmenl in bursaries bul also through extending the educational otwiunrlies it offers so that asplrallons are ralsed. aThJ young people from all backgrounds believe that they Can enjoy a GraryJe edUcatn lo tts fullest polenllal. The govemors of the Grange airn to allocate 4% of Ihe Schcd's fe• incom8 to the provion of mean6 tested bursarle6. Contrlbutlon to Educatlon Locally and Abm•d An essential part of our V•Tk as an edwailonal ¢hwity is deveklpment of 8trory bw)rklng relatlon8hlp6 local malntsined prlmary 8ecoTrJary schods. The Gr8we School Supports currlUM d8velopment In other educalional settiTrJs. Several departments {Including Art. Hisltyy and Pdili¢s) th alongslde colleagues in other schools lo develop high quality leaching and learning resources and initi81iYes, Sharing best practke. Three of our members of staff are govemors al primary scho¢4s. Further to IhY8, and when examinatbns arefunctioning as usual. many slaff members 8UPPOrt the delivery of publi¢ examln81ion3 nationally by examlnlng andlor moderaliryd for drfferenl papers. A Kyowrtion of these staff have Still been involved in this in 2020-2021 as they have boen invcAved in the work with Te8chgr A88es8ed Grades. both $upwrd other schools but also on a natkMal level. The Grange School works Ylth pwtner thls to enhaTU thelr exlstwig currlwlum. In Junts 2021, we ran nlne sublecl workshops in Art, Chemisty, Drama and Sixyts for puplls ofwlnninglon Park and Weaverham Primary Academy woviding over 230 student experiences. Further lo thls. two members of staff ran Geography ar Musk work8hop$ In Weaverham Primary offering a further S2 sludenl experience5. One member of staff sits on the Royal Socty of Chemrslry North Wesl EducalK)nal SUL0mmIttee. In 2020-2021 this member of slaff helped lo plan judge the online ChemQuiz for 10 schods. The PE department also continued its work with Cloughwotyj A¢aclemy a8 part of our Sports Leaders programme. Durlng the summer of 2021. the scho( thealre's tech team demonstrated ingenuity and community spirit by helping Hartford Manor Primary with their summw production. Having been affected by a COVHI outbreak amongst the main cast members. the School's Head was cOnMed that Ihe School Mh1 have lo postpone the production. The team were able to help Hartford Marr to broadcast a INe production from the Grange theatre with a small goclally dlstanced wdience. combined with a live Zoom link to thg IrflYmers who were self-isolating al home. Page 13
THE GRANGE SCHOOL HARTFORD UMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUS[ 2021 In 2020-2021 The Grange Schwl also provided Oppornie8 for WlS of all ages to er)hance their skills. The North West Academy Trust and Hwtford Marw b8nefitted from donations of digital (JevicEs to support IheiT online leaming and the development of dNJital skllL8. Furlher to this Weaverham Primary Academy benered from a donation of ke)08rd$ as our existing stock vas renew1, allowing them to inwporate digital and music skills into their lesson$. wh51 national lockdovm py0ved challeng8s for In person events, in January 2021 we look the OppCunity to host three onlino Explorel S8ssions. Thls allowed Year 68 from across Ihe arga to gel an insight into Sary s¢hool lrfe by eXPern0j onlinelgssons In Maths. lime wth a fomi tutor and lo gngage wth sondary scht)ol atXi¥ities. We were delvJhled to be able to offer three In person Dlscove Sessions for pupils in Year 5 in Juw 2021. gNing students from the local area the chance lo experth¢e a sentor xhool setting and a full days limetatye. abjing the pnmary to secondary transib'on. The Grange School has al¥0 5UPPOrted the local community making use of it5 farylilies. The Senlor School hosts ABRSM wactical and thgory examinalknns for extemal candidates, enablirvJ young peOe from the local communty lo progress their music educallon. In sport local Imxkey and football dubs use our facilities. aTrd th8 School has strong club links wrth NOrthwh SapFthires (Netball) and Winnington Park {Rugby and Hockey). In th8 wfom)Ing arts, Thè Grange Theatre is hired out by a range of local MmUnitY groups allowSng them to h08t they events In a bigger but kTrl vewe. with technlcal support fr
THE GRANGE SCHOOL HARTFORD UMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 The GraThJe has a strong traditK)n in the perfomiing arts. Whilst this has featured strongly in 2020-2021. the various natn¥[ restrlI0n5 have meant onllne events have InevitatAy featured most prominenlly. Both the staff arKI students involved are looking fOrard to a 17 Kwramme of lfve concerts and shows givlng our students Iho Opptytunity to stretch their ueative ta18nts. The above efforts In enri¢hment alongside our strong tradrtK)n in supporting posftlve mental health. The introduction of our mental health strategy in 2021Y2021. shows our o)mmitmenl to embedding this further In our school's culture. Sectlon 172 Statem•nl Section 172 of th8 Compan18s Act 2006 requtres the govemors of Ihe School lo act In the YRY that they onsider, in good faith Uld likdy promote the success of the School for the berfil of the member5 as a whole. In doing this Sectlon 172 requires a govemor to have reg¥d. amongst otror matters lo tho: LSkdy consequences of any dedslon In the lonTrlefm Interests of the School'8 emptye8s The need lo foster the School's relallon$hlps vAlh parents, $uppAIws and 0th8r8 The impact of the S¢hoof$ OFwation$ on the cornmunty and environment The desirability of the School maintaining a rowtation for hlgh standards In tts d8allng8 wllh others. The need to act fairfy. In d18charglng our tIon 172 dultes v have regard lo the matters sel out above. We 81so have regard to other factors. for example. the Interests of the pupils. our relatnshiP with Ihe Department f(K Educatlon and other Govemment departments. the ISI inswcliyate. By consklenng the SchoJl's values. strateglc prfonlies and charltable oblecls we alm to en6ure that our decislons are constslent aTrJ fair. W8 de18gate the aulhorlly for day lo day management lo the Head aThl the Board r1VeS regular reports on Health and Safety. compliance. education and finala1 perfomnce. The views of and impxt of the School's activltles on pupils, parents. employees, suppliers and the communlty are considered by Govemors when maklrKJ rdevanl decisions. During the per, informallon was received In a range of fomats: presenlatlorts, customer survey8 ar reports. Flnandal R•vl•w The School ached ils financial targets fL¥ the year. As a result the SclK)ol conllnuos to be In a good posltlon lo meet its educalK)nal and operational aims and F4ans for the future. The surplus generated in the 20221 a¢aMi¢ yearwill. as aays. be fully irwesled in the Schcd's resouw and facililw. The School bflnanclally able to meet rts commitments lo loans dra lo faulitate the buikling of the Spwts Centre. The School continues to manage its finances whilst having regard to the new and emerging thallen9gS 5u¢h increases to energy, fuel and food c4)sls. national insurance contributions and thanges lo the national living wage. Pollcy on L•vd of R•B•ry and Bomiwlng An aim of the Govemc¥s is to achieve the phased IMementat)n of the School's E5tal8s development plan and the finances of the Schtsjl are regularly reviewed to ensure that the continued programme of development and refurbishm8nl is affordable and thai tho schr is able to invest in excellent leaching facilrties. Gross surpluses and inveslrnenls are rnanaged lo erwrg free reserves we at a level vthere the average annual borrowings do not exceed one term's fees. Page 15
THE GRANGE SCHOOL HARTFORD UMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Total accumulated reserv85 of gTOUP al 31 August 2021 were £25.494.556 whilst the value of tangible assats, property and equipment was £24,9,371 and th8 value of the loan drawn swrfrally to fund the Sports hall JI1rj was £3,918,750 Hence, Free Reserves are £4,503.929 {2020: £3.170.375). The Govemors consider that given the Current str8ngth of the charws balance sh the stable cash flow from CunI student rolls and the banking facility that can be arrang&J ff requir&J, thls level of free reserves is adwluate for the Schcol's needs. The Govem(n rwnise Ihat the levd of reserves fluctuates durlng perhJJs of Investment In the School estate and arrangements wilh our bank are in place to [vIde adequate support shwld It be required. Each phase of the School's development PfcJramme is sclduled so that {normallyl average annual nel borrowings of the Sc1Kl do not exceed approximately one In'S fe85. The Governors tske steps to ensure that the annual income and expenditure bud1 is set at a level vthiGh wll provide an apY0p1late surplus on the capital employed for reinveslmenl. A loan of £4.75m byas arranpj Viith Hal81sbanken to fa¢iSiiale the completion of the Sports Centre bulld In 2019 and the balance outstanding on the loan at the August 2021 >tar end was £3.92m. Golng Con¢wn The Governors regularly revt¢w budget, forecast and cash flow prolecllons to ensure that the School wdl Continue to meet ils day lo day workiry caprtal rw4uirements. Net Current Assets are p)sitive al the yaar4nd date and CunI asse15 are wall managed. Long tem fcecasts are feviewed on a termly basis taking changing exlemal and internal factors into considerat)n. The coronavirus paThJemlc has resulted In nat10de uncertainty and the Governors have considered variou5 scenarios over the coming months and years. an have modelled the resulting net Surpluses and impact on cashflow of each scenario valhln long temi financlal forecasts. The balance sheet posrtion al the year*nd 15 strong and various measures could be taken lo mlllgal8 polenlial adverse factors. In li9hl of Ihis infomiation, the Governor8 bdieve that th8 School will be 8bl8 to contlnue lo operate for the foreseeable futu. The GovemoTS con8ider that there were no malerkql urKertainli&s over Ihe School's financial viabilty and are Satis that it 1$ appropriate to continuè to prepare the accounts on a gng concem bash. InVtrant pollcy The School's premis•s development plan requlres a level of borrowing to supwt the completion of building projects. The natural of lemly fee receipts results In Ihe School hamng surplus funds for investment for short periods. In these arcurnstar. thesefunds are aced on sh)rt tem dep)sil 81 tho b05t return available. Fundrahlng The charity had no fundrai8ing actiwties requirlng dlsclosure under S162A of the Chan1 Act 2011. Plan8 for future perlods The scho conllnues lo bulld on Its reputation nationally. a5 it gains increasing recognition for its outstanding academic provislon and results. In March 2019, School Cometed the build of our Sports Centre as the final part of our s1gnrfnl Investment In our Srorts Fa¢ilities. The students have already eXperIend 8 huge benefit from these resources as has Ihe k¢al Comrnunily w• are taking the opporbJnty to rent the gpace$ avallable In the evenings. To $UpF the aims of the Schwl. plans are being draw UP to irnprove accommodation for leaching, caterirvJ, dining aThJ examinations via conversion ofthe old sports hall. A planning applulion has been submitted and we are hopeful to COMete this build by Seplembgr 2024. Whilst the key priorities that underpin the School remain. the Strategic DevglopTnent Plan is being reviewed and redrafted to lne our focus within the main areas of Academic, Pastoral, Extravrricular, Business and Extemal Stakeholders. Page 16
THE GRANGE SCHOOL HAirrFORD LIMrrED REPORT OF THE GOVERNORS AND STRATEGIC REpoKr FOR THE YEAR ENDED 31 AUGUST 2021 Prlnclpal rfsks and un¢•rtalnll•s Overvlew of rfsk manag¢m•nl: The Gov¢rrNys have Klentir arKI assessed th8 major risks to which the School exposed. in partlar relatiThJ lo the specifK leaching. provlslon of facllltles and oth operational areas of Schcd and its finances. Th6 GovWrrS have imkknenled a number of syElems lo as$95s risks that the School faces in rdatw)n lo lea¢hing and learniThJ, heatth & safety, student welfar8, external factors and pr8ssvr88, school trips and in relatK)n to the )ntrol of finance. The Governors have introduced sysleffls, including operational procedbjres and internal finala1 Gontrols in order lo minimise risk. A risk register i¥ maintained, revle*d and updated on a regul¥ ba$l8. The wincipal risk¥ H•alth and Envlronm•nt81 Rl8k: In Mwth 2020 and January 2021 there was a full national lockdown as a consequence of the coronavirus parKlgmic. School swliched immediately to a remote learning provision for the majority of slud6nts and a Key Worker provision within School. To manage a safe partial return in the Summer Temi the S¢h¢Jol workèd carefully to ensure that the phyEKal environment vrds safe for all and Ihat prIceS were implemented lo give the hhe$l level of wotection lo al. The safety of all students, staff and the wider school communty remain of th¢ utmost concern and the School continues to do all that Is necessary to ensure this. R•putatlonal Rlsk: Currenlly. almost all of the wKome is genarated from parent8 of puplls through fee and related Income. The School is rdiant on o)ntinuirvJ to attract app4ican13 in $lrffient numÈers by malnlalnSng tts reputation for the hlghesl educationa standards and an ellbx Ihal parents vi5h lo invest in for their children. The Govemors conlinue lo reeW lo ensure that stLent $uctes$ and a¢htvemenl are closely monitored and review parentsl Satisfact Surveys to ensure that the S¢hool'$ values arKI etr continue to be attractNe lo P8fents. Fallur•8 In gov•rnanc• or manogem•nt: the risk of failure to effectpmly manage the School's Internal controls. finan¢e$. ¢ompllan¢e wrth regulalwjns arKi leglslatlon, statutory returns etc. is Mrtated by Governor review to ensure that 8ppropri81e mo8sure¥ we In place lo satlsfy these requlremeni8. Saf•guardlng and chlld prot•ctlon: the Governm conllnue to ensure that the hlghest $landard$ are malntsined in the area5 of ?electiThJ, training and monitoring staff. the opwatlon of chlld proledlon polldes aTrJ procedures, health & 5alety measures and disuplin8. Stafflng.. the success of Ihe School 1$ hoavily reliant on the quality of tts staff. The Govemors monltor and revlew pcdlcles and procedure51o ensure continued developmerrt and IrainirvJ of staff as well as ensurlng there L8 dear SUessiOn enning. Fraud and ml8manag•m•nt of funds: the Govenmxs have iMementj a ffinanclal govemance pc4lcy under the guIdae of the Govemor3 and st8ff with appropriate rec(>JnBed qualM¢albn$ to dearfy allocate responslbilities an(i ensure that rO15t intemal controls are in place. Fln•ncl•l rfsks: the key financial risks to vthlch The Grange School 1$ exposed late primarlly to the status of the general UK economy. reduction in student numbers and Changes in wvemmenl policy and legislation affectlng Costs for example. increases in contributhms to the Teachers, Pensh)n S¢hetYE or loss of business rates relief. Rlsk management The Govemors conllnue to keep the School's actrvitS und8r rewew, particuLgrty regard to 8ny major risk5 that rn8y arlse from time to Ilme, and lo monitor the effectiveness of the system of intern81 controls and oth V18ble means, Including insurance Cover ¥there appropn'ate. by wthich those risks already Idenlrrd by the Govemors can best be mitigated. The financial results for the we set out in the annexgj financial statements. Pagg 17
THE GRANGE SCHOOL HARTFORD UMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 G•n•ral Data Protectlon R•gulotlons {GDPR) The Gerwal Dats ProlectK)n Regulations (GDPR} came into effect from 251h May 2018. The S¢hty)I imF4gmented the requlrements of the new Data ProtlI)n Act in line wlh the regulath)ns. Debbl8 Torjussen- Director of Finare and 0[rat[On8 Is the Schwl's Dats ProtectK)n Officer. Training has been provided to slaff in relation to the rfftv requlremenls. and a School-spr reference guide has been created for staff. whlch18 updated lermly. The School contlnues lo have a wat¢hlng iwitif on the information reported by the Infomiallon Commissioners Office and shares up lo dale infmation th staff and key hokleTS of inf0m)atn as applicable on an ongoirwJ basis. En•rgy and •ml$$lons ryrt Thè Govemors have Klentffied a focus on sustainatmlity as a strategk obAe¢tlve for the Sth. During the year, improved Y¢ling processe5 have been introduced across all sttes. Measu8 to improve sustainability have been planned for the 2021-22 year, with o)nsultancy advu sought to Infomi the strategy for Improving the School's cafbon credentials over the longer terni. 2021 2.551.268 510 2019-20 2,199 791 UK ener use kwh A¥Kdated greenhouse gas gmlsslons (Ton5 C02 Ua10nti Intensity ratio Eml$sh)n$ par m. (all bulldln 32.7 UK energy u¥e covers eleclrldty and gas for ting. teaching and tering over all srf(es plu8 petrol and dle$el for Schocl vehicles and staff mlleage claims. Mèthodology: we have reported all the emissions SrceS and calated emission8 uslThJ eml88ion factors from 'UK Govemment GHG Conversw)n Fxtors for Company Reporting 2019,. CONCLUSION The S¢hool has had another successful year arbj the Govwnors *Thild like to express th8ir thanks and ¢ongratuktiom lo the Leader8hip Team, Staff and Sdents. STATEMENT OF GOVERNORS, RESPONSIBILMES The GoverrThs are responble for preparing the Governors. ReFrt)tand the financial statements in accordance with apFdicable law arvj regulation8. Company law requires Ihe Govemors to prepare financial statements for each ffinanclal year In a¢cordarte th United Kingdom Generally Accepted AccounlirKJ Practice {Unrted Kingdom Acwunling Standards) and applicable law. Under company law the Govwvys musl r)1 approve the financial stalements unless thay are satisfled that they give a true and fair view of the stale of affairs of the Charity and of the surplus or deficf( of the Charity for Ihat wlod. In prewing these financial statements. the Govemorn e required to: select suitable accounlw polKies and then apply them consistently. make ludgments and a(xxxJnling estimates that are reasonat8 a1 prudent.. state whether applicabk UK AccoJnling Slandards have been followed, subject to any mater¢al departures disdosed and explained in financial statements., prepare the financial statements on the goiThJ corwn basks unless it is inappropriate lo presume that the charitable company will continue in busin8SS. Page 18
THE GRANGE SCHOOL HARTFORD LIMThED REPORT OF GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 The Govemors afe respyjnsitde for ensurirwJ thal adequate ac{XnI1ng rerdS are maintaiTd that are sufficnt to show and expLain the charity's transacth)ns arKi disdose with reasonable aCracY at any time the financial poslllon of the Charlty and enable trn lo ensuTr that the finartial statements comply with the Companies Act 2006. They are also responsible for safeguardlNJ the assets of ts Charrty and ensurir@ their proper applicatn In accordan¢e th charlly law. and herwk for tsking reasonab steps for wevention and deteCtn of fraud and other irregularities. PROVISION OF INFORMATION TO THE AUDITOR Each Governor in offKe at the lime when Ihis Govemors, report is approved has confirnied that. so far as that Govemor is aware, there is no rolevanl audit infom)alx)n of vthich the companWs audltor is unawar8, and thal Govemor has taken all the sonable steps that ought to have been taken as a Govern In order to be avrdre of any relevant audit infomiat#)n needed by the Company's auditor in connection wilh preparlng report and to establlsh that the knpany's audltor Is aware of that Snfomiation. AUDITORS Crowe U.K. LLP has acted as the sch&,8 audits and will bo proFosed for repappolntrnent at the forthcoml Annual General Meeting. Th1$ rewrt, vthi¢h inrPOrateS th8 strategic vra8 approved by ihe Govemors on 14A*dand slgned on Ihdr beh811 by: Page 19
REpoFrf OF THE INDEPENDENT AUDrroR TO THE MEMBERS OF THE GRANGE SCHOOL HARTFORD LIMITED Oplnlon We have audited the financial statements of The Grawe School Hartford Limited ('the charitable company,) and its subshdiary I'the grwp,) for the year ended 31 August 2021 which comprise the Consolidated Statement of Financial Activit. the Consolidated and Company BalancJ Sheets, the Consc4ldat Cash Fbow Stat8menl and Tr)195 to the financial statements, induding significanl accounting pOIles. The financial repO.g framework that has bo8n applied in their preparation applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The FinarKial Reporting Standard applicablo in UK and Republic of IrelarKI (United Kingdom Generalty knceptfjd Accounting PractKa). In our oplnion th8 flnanclal statements: give a true and falr vlew of the state of the group's and the ¢harttable company's affalrs as at 31 August 2021 and of the group's InMe and expenditure. fof the year then ended.. have been prowly prepared in ac(yxdaTrx wilh Unrted Kingdom Generally Accepted Aca>)unling Practice,. and have been prepared in ac¢¢)rrlan¢e ith the reouirements of th& Compan9 kt 2006. BJ81• for oplnlon We con(lucted our audlt in accordance wth Intematsonal Standarrls on AudilirvJ (UK) IISAS (UK)) ar)d appllcable law. Our SpOnSIbIlIt$ under U)ose standards a further descrfbed in the Audito¢s responslblllties for the audlt of the financlal ststeM&s $¢¢tlon of our rep)rt. We ar6 Irthpendent of the kyoup In accordanc8 wlth the ethlcal requlroments that ara rdevanl lo our audlt of th6 flnan¢lal ststements in the UK, Includlng th8 FRC'S Ethical Stsndard, and we have fvIfiIW our other ethkal fe$pon$lbllllle8 In accordan¢6 wtth Iheso requirements. We believe that the audit evklence have obtslrod Is $uffi¢brt and 8ppropdat6 to provlde b8818 for our oplnlon. Conclu•lon8 r•latlnp to oolng ¢one•rn In auditing the fiftartial statements, have concluded that the tru8le8s' use of the going ncern basss of accounting in the preparation of the financial statements is approkYk91e. 88sed on the work V+E have perftJrn7ed. have not Klentrlled any material uncertalnll88 relatlng to events or conditions Ihat, indivallY or collectivety. may cast significant doubl on Ihe charitable companls or the group's ability to continue as a going cortcem for a porical of at least I1¥8 months from when the financial statements are authorised for Issue. Our reskY)nsibilrties and the responsibiliti8s of tl Govemm with respect to going concern are describod in the relevanl seCtior of th reporL Other Infomiatlon The twstees pJe $)nsible for other inlomiatr.on contained wilhin the annual report. The other infomalion Comprises the information induded in the annual reFth. other than the finanaal statements and our audito¢s report thereon. Our opinTron on the flnan¢ial statements dces not cover the other infomats'on and, except lo the extent otherwise explTtlY staled in our repoTL V•P do rrf)l expre95 any form of assurance conclusion thereon. Our wponsibility is lo read the other informal)n and, in doing 30. consider vthether the other infom18tion materia15y inconsislenl with Ihe firtarKial slatemenls or wr knovAjge oblained in the audit or otherwise appears lo be materially misslated. If we identrfy such material InconsisteneS apparent material misstatements. we are required to determir ether this gNes rise lo a material misstatement in the financk91 statements themselves. If. based on the vJrk we have perfomied. we eondude th81 there13 material mi8slatement of thls othw infomiation. are required to report that fact. We have nothing lo report in this reg*d. P>3e 20
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE GRANGE SCHOOL HARTFORD UMrrED Oplnlon on oth•r matt•r pr•sGrib•d by the Companlos Act 2006 In our opinion based on the Vrk undwtaken in the course of our •Jdit the inf(mation gwen In the gOverr8, reporL which indudes the dir, reFQrt and the strategK report prepared for the purposes of company law. for financial for which the financial statements are prepared ss consistent with the flnanclal stalements,. and the stralegK report and the directors, rewt included vAthin the govemots, report have been prepared in 8ceordanGg Mth app1kalt legal requirements. Matt•rs on whlch w• aro roqulr•d to rwt by •xc•ptlon In Ivaht of the kThMedge and understanding of the group and ¢harttatJe company and their environment obtained in the course of the audit. we have not wjentrfied materlal m15Statements in the strategic report or the directors, report included within the trustees, report. We have nolhlng to repryt In respt of the followlng Matters In relatK)n to whh the Companw Act 2006 require8 us lo report to you K. In our oplnlon: • adequate and propw accountlng r8eor(Is have not been keptr. or the financial statements are not in agreement accounlirvJ records arKI return8.' or Certain disc105ures of trustees, remunerat specified by law are not mado.. or we have not received 811 the InfOrmath and explanauons we requlre for our audlt R•8pon8lbllftl•8 of Governors As exPled more fully in the govemor5' responsibllities statemenl set oul on page 18. tho govemors (who are also the directors of the charltable company for the purposes of t>Jnpany lawl a $rnsible for the preparation of the flnanclal statements and for being satisfied that they give a true and fair view. ?nd foT such internal control as the governors determlne Is necessary to enable the preparation of fnanckql Statements that are free from malerSal mlsstalemenl, whether due to fraud or erw. In praparlng the financial statements. the govemors are responsible for assessing the charitable companls abllity lo continue a$ 8 going concern, di8dosing, as applicable, matters reL4led lo going concem and uslng the going concem basis of aoUntr.ng unless the govemoT5 either interKI lo liquidate the CharItab company or lo cease ¢)perab'on$. or have no realistsc allernative to do so. Audltorf8 108pon•lbllltl•8 for th• audlt of the flnanclal statements Our oblectives are to obtsin reasonable assufance about vknelher the finanThal statemen18 a8 a whde are free from material misstatemenl. whether due to fraud or error. and to issue an auditorf8 report that includes our oplnion. ReasOnae assurance is a high thi of assurarKe, but is not a guarantee that an audlt conducted In ac¢wJance wth ISAS (UK) will always detect a material misstalement bt exlsls. Mlsstalements can arlse from fr8ud or error and are consK5ered material rf. individually or In the wJgregate, they <x)uld aSOnablY b6 expected to infiuence the econom dectsions of users taken on basis of these financia statements. Details of the exient to whlch the audit was C4)nsidered capable of de1&ng irre9ularitie8. IndudlrwJ frajd and nonW¢omplian with law5 and regulations are set out b810w. A further description of our responsibilitie5 the audit of the fInarla1 stalements is located on ihe Financial Reporting Coun¢il'$ website aL vlww. itorsres sibl1rt. This description fomis part of our audito¢s rerort. Page 21
REPORT OF THE INDEPENDENT AUDrroR TO THE MEMBERS OF THE GRANGE SCHOOL HARTFORD LIMrrED Ext•nt to which th• aLKlit was Gonsldored capable of dotectlng Irrogularftl•8, Indudlng fraud Irregularityes, irthjuding fraud, instances non-COmlance wlth lav•& and rewlatwjns. We hjentified and assessed the risks of material misstatement of the financial slatementsfrom trregularities, whether due to fraud or error, and di$¢ussed these betwn our audit team members. We then deslgned and performed au(Jit procedures resportsive to those risks. induding obtaining audit eVIder sUffnt and approprlate lo provlde a ba8i8 for our oplnion. We obtained an understsnding of the legal and regulatory framevths wthin which Ihe charitable company and group OFerates. foc#Jslng on those la% and regulatKJns that have a drect effect on the determination of material amounts and disclosur88 in the financial statements. The kn arKI regulations we considered in this context yre the Companies Act 2006. taxation leglslation. together wrth the Charits'e5 SORP {FRS 1021. We assessed the required comlance wlth these laws and regulab'ons a5 part of our audbt procedures on the related financial stalement items. In 8d(irtion, we rLJnsKlered wovlgion8 of ottw la and WLAatth$ that do rK)I have a drect effect on the nancial statements bul MplianCe wrth which rnh1 be fundamentsl to the charilable company's and the group's abllRy to operate OT to avoKI a material penalty. We also cg)nsid8red Ihe opp)rtunrties and Incentives Ihat may exlst within the charitable company and the group for fraud. Th8 lavis and regulations we considered In thls context for the UK operations were The Education {Independent School Standards) Regulalbn8 2014, Employment legislalK)n and Health arhd Safely legislation. Audlllng standards Ilmbt the r&]ulred audit wctedures Io Kjentrfy nOrOmplISnce wlth these laws ano regulatlon$ lo enqulry of the Trustees aThJ other management and in8P8ction of regul8tory and legal ¢cKresponden¢o. ff any. We Idenllfied groalesl rlsk of materfal Impact on the financhql statements from irregularitle8, lrtludlng fraud, lo be wthin the liming of recognition of other Income and the override of contrc4s by management. Our audit procedures to respond lo these risk$ induded enqulr16s of management aNJ the Finance Commlllee atKJUt their own idenlificalion and assessment of the risks of irregult5es. Sarn8 testing on the posting of journal8, reviewing CoUntIng estimates for ble$. r9Vieng rfjgulalory cOrresponder with the Charity Commi$slon, Independent Schools InspeclcKale. sample lesting of 01[ IrKome and reading minutes of meelings of those charged with governance. Chmng to the inherent limitatK6 of an audit, there is on unavoidable risk that we may not have detected 60me material misstatemenls in the financial statements, avèn Ikwh we have properfy planned and p8rfomied our audit in accordance with aud[tI standard$. For èxample, Ihe furttrw removed r)rcOMpliance wfth laws and regulations (irregularities) 1$ frcvn Ihe 6venl$ and transaclions rdecled In the finala1 statements. Ihe less likely the inherently lirnrted prorndures required by auditing starKiards would Identsfy it. In addition. as wllh any audit, there remained a higher risk of Th)n4etection of irregularities, as these may Involve colluslon, forgery, intentional omissions, MispreSenta1Ions, or the override of intemal controls. We are not responslble for preventsrKJ nonry¢ompliartt and cannot b8 eXpted to detect noTrc4)mpllance with all laws and wulatsons. Page 22
REPORT OF THE INDEPENDEKf AUDifoR TO ThE MEMBERS OF THE GRANGE SCHOOL HARTFORD LIMITED Use of our rnport This report is made ¥olely lo the chaTitable companYs members, as a body, in &cordance with Chapter 3 01 Part 16 of the Companies Act 21Y)6. Our audr( V*YJk has been undertaken so that we rnht stste to the Charitable company's memrS those matters we a reqUId to state to U)em in an auditor's report and for no otFw purpose. To the fullest extent pemiltted by law. we ijo rK>t arxepl assume responsibility to anyone other than the charitable company arKI the charitable wnpany's members as a b(>Jy. for our audit work, for this report, or for the opinKffiS wa have fcThed. Vkky Szull8t S8nlor Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory Audllor The Lexkon Mount Street Manchester M2 5NT Dale 4th April 2022 Page 23
THE GRANGE SCHOOL HARTFORD LIMITED STATEMENT OF CONSOLIDATED FINANCIAL AcTIVlEs (Incorporating the Income and Expendhure Account) FOR THE YEAR ENDED 31 AUGUST 2021 2021 2020 Total Total Unrn8tr1cted Unre9trlcted fund8 funds Not• INCOME FROM: Charltabl• a¢tlviti•8 School fees Anclllary tradlng income Other tradlng actlvttio¥ Non-An¢lllary trading Irrne Investment Inme 11,909,266 11,239,072 1,046,989 1,224,971 77,70B 80,650 Total InGomlng r•¥our¢ EXPENDrruRE ON: Ral8lng funds Cost of activities for gen¥lrvJ fuTvJ8 Charltable acllvltl88 Education 65,203 66,810 11,616,364 11,806,957 Total •xp•ndltur• 11,671,567 11,673,767 NEf INCOMING RESOURCES 1,363,908 887,889 RECONCILIATION OF FUNDS Totsl fund• brought fomard 24,130,64B 23.242,759 TOTAL FUNDS CARRIED FORWARD The rM)tes on pages 28 to 41 fm of these finarcial sLements Page 24
THE GRANGE SCHOOL HARTFORD UMfrED BALANCE SHEETS Reglstered Number. 00607992 AT 31 AUGUST 2021 CoMolld•t•d 8¢h¢)ol Not86 2021 2020 2021 2020 FIXED ASSETS Tangible assets Flxed asset Inveslments 12 13 24.909.377 25,354,023 24M19,37T 25,354,023 24909.377 25.354.023 24,909.378 25.354,024 CURRENT ASSETS Stocks 08btors.' aMnIS falling dL* thln c 14 15 10.951 185,601 6.772 251,658 10.951 211.208 6,772 389,595 Cash al bank an(1 In hand 6.196.873 4.601.437 6,138,14B 4.444.134 6,393,425 4.859.867 6,360.307 4,840,501 CREDITORS: due thIn one year 16 (2312365) {1,884.318) {2201.576) (1.884,338) NET CURREKf ASSETS 4,181.160 2,975,549 4.108.731 2.956.163 TOTAL ASSETS LE88 CURRENT UABILITIE3 29,OW,537 28,329,572 29.068.109 28,310,187 CREDITORS: oftw Ihan one 17 (3,595.9811 (4,198,924} {3.594•81} (4,198,924) NET ASSErs 2W.556 24.130.848 25872,128 24,111.283 TOTAL UNRESTRICTED FUNDS 26.494.556 24.130.648 25,471128 24,111,263 The net result for the financial year dealt with in the finarKial 8talements of the parenl tharlty was a surplus of £1,360,865 (2020: £871,g22). The financlal statements were approved arKI aulhori58d for i83ue by the Board of Governors on .. and were svJned on its behaw by. of Gov8mors M NewshcAme. Governty The notes on pages 28 to 41 form part of final181 slalements Pag8 25
THE GRANGE SCHOOL HARTFORD UMrrED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2021 2021 2020 Net cagh Inflow from op•rations Net cash provided by oPerara activities 1313 320 Ca•h flow* from Invmtlng actlvities Interest received Interest pald Purchase of tangible fixed assets 1,512 192,148 486,872L 16,963 {117,773) 79,373 (5TT,508) (180,183) Ca•h tlow• from finan¢lng actlvlil•• New loan in Ihe year Loan repayments in th8 475 000 {476.000) 1356.2501 Chang0 In cash and ca•h •qulval•nts In th• r•pthng p•rlod 1.695.436 776.887 Ca•h and ¢••h •qulvalont• at th• btylnnlng of lh• p•rlod 4,601,437 3,824.550 Cash and c••h •qulval•nts at th• •nd of th• p•riod 6,196,873 4.601,437 The notes on pages 28 to 41 fNm part of these finartial statemerrts Page 26
THE GRANGE SCHOOL HARTFORD uMrrED NOTES TO THE CONSOUDATED CASH FLOW STATEMEpir FOR THE YEAR ENDED 31 AUGUST 2021 RECONCILIATION OF NEf INCOMING RESOURCES TO NET CASH INFLOW FROM OPERATING ACTMTIES 2021 2020 Nel incoming r8sourcg8 Depreciation charges Lo$$ on 5a18 of assets Interest received Interest paid (In¢rea8eydecrease in stocks Decreasel(increase) in debtors In¢reaselldecrease) in credfLors 1,363,907 931,519 887,889 965,948 (1,512) 92,148 (4180 66,056 200 006 (16,963) 117,773 4,049 {38,1321 607,3331 Not c8sh Infflow from op•ralln9 aGllvltle• 1313320 ANALYSIS OF CASH AND CASH EQUNALENTS 2021 2020 Cash at bank 4 601437 RECONCILIATION OF NEf DEBT Al 15opt•mbw Cuh flow 2020 At 31 August 2021 Cash at bank 4.801,437 1,595,436 6,198,873 Bank108n due in Itss than one year {475,<) (475,000) Bank loan due In Lrealer than one year (3.918,750) 475.IM) 13.443,750) 207,687 2.070,436 2,278,123 Page 27
THE GRANGE SCHOOL HARTFORD LIMrrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
ACCOUNTING POLICIES
Basis of propar3tlon
The finanaal slatemenls have been prepared in a(xx)r(larKe wllh the Financid Reporting Standard
applicabl8 in the UK arKI Republ of Ireland (FRS102}, the Companies Ad 2006 aj the Statement of
Recommended Practice appl6 lo charities preparing Iheir actounts in aCCordare vthh the
Financial Reporting Standard applicable in the UK and Republi¢ of IlarKI IFRS 102) - effective 1
January 2019.
The functional currency of the School is oJn5idered to be GBP beuse that 16 Ihe currency of the
prlmary econom environment in thè Sthool operates.
The School is a publK benefit entity registered as a thanty in EngLgnd and Wales and a ¢ompany
Ilmlted by guarantee. It was inc¢YFrfnted on 15 July 1958 (company number 00607wa2) and r6gislered
as 8 charlly on 22 November 1962 (chariiy number 525918).
The Governors have c
THE GRANGE SCHOOL HARTFORD LIMrrED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 ACCOUNTING POLICIES Depreciation is FoVed for on all fLxed assets. other than freehold land, on a stralght Ilne basL8 calculated to write off the asseteost rx revaluationover its estimated useful economlc IKe al the foln9 rates'.- Freehold bulldlrvJ8 - (Thiplele(1 bef¢ye 31 August 1995 - completed after 31 August 1995 Fixtures & fittings MobilellT equipment Motor vehicles -15% 33% 30% FraetrNd propety was last revauod In 1977 aThJ Is held on the balance sheet al Ihl$ valuatlon. Thls18 ¢xinsidered lo be deemed cost under FRS 102. Stock• Stocks are vdued at the low of cost and net realwble value. after maklng du8 allowanc8 for ob801&te and 0W moving items, Op•ratlng Loasos Op8rallng iease rentals we chwged lo Sthool operatir¥J ¢osts on a straight line basi5 over the temi of the lease. Taxatlon The Ch8rity is exempt fr(xn corporauon tax on Its charitable activlb'es. Fund accounllng Unrestrl¢ted fvnd$ can be u8ed in accordance wfth th8 charitable obje¢tsve$ at the dIsotion of Ihe Govemors. All the chanty's funds are unrestn'cted funds. P•Mlon ¢08ts and oth•r postrfotlrement b•nef Retiremenl benefrts to empk)ye8s of the School are proved through Iwo pens s¢heme$, on6 defined benefrt and one define<i cOn1Uln. The pen8ion C18 charwl In the Slatemenl of Fian¢ial A¢tivrties afe determined as fdlow5- The Teachers, Penslon Scheme - This scheme Is a mullemploy p8n8h)n $¢heme. It 1$ not posslbl6 to idenlrfy the School's share of the underfying assets and liabilrties of the Teachers, Pension Scheme on a consislenl and reasonable basis and therefe, as requlred by FRS102, a¢counls for the scheme as rf il were a defined contritr*Jlion sthÉme. The School's eontrbbullons, whlch are In accordance with the recommendations of the Government Actuary. are charged in the peritxl in which the salaries lo whh they relale are payable. The School also operates a defined contribution pension scheme for non-teachiw staff. The regular pension contributn$ are charged to the slalement offinar1al activities as they are incLmd. Flnanclal Instrumonts Bas1¢ financial instruments are Inltially recognised at transaction value 8tMI subsequentty meayured at amortised Gost wth the ex¢eptlon of Investments ¥thh are hdd at fair value. Financk81 assets held al amort13ed ¢ost ¢omprtse Cash at bank and in hand, together with trade and other debtors. A specrfic provislon is made for debts for which recoverability is in doubt. Cash 8t bank and in hand is defined as all cash held in instant ac£ess bank aUnIS and us&1 as working capital_ Financial liabilities held at amortised o)st all uedrtors except so¢ial stturity 8fbd other taxes and provlslon8. Page 29
THE GRANGE SCHOOL HARTFORD LIMrrED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 ACCOUNTING POLICIES DerivatNes are initially recognised at fair value on the dale a derivaltve o)ntraGt is enlered into and are subsgquenlly re-measured al their fair value. Changes in Ihe fair value of derivatives are rocognised in profrt or loss in finance costs or Irome as appropriat8. The company does not currenlly apply hedg8 accnI1j for inter8sI rate derivatives. Adv•Thc• fw sch•m• cr•ditOT Amounts received under the School's Advarte Fee Schome contr8£ts for education not yet utilised to setue lees are recorded as deferred income and allocated as current liabilities where the e(JuGalion will be provKled wihin 12 months frorn the reporbng date and as lOte[M liabilities the education will be provided in subsequent years. Crltl¢•l •¢countlng ludg•ments and k•y 8ourrn8 of 08tlmatlon unc•rtalnty In the appll¢allon of Ihe ac¢ounling policies, Governors are required lo m8kejudgement, estimates, and as$umpllon$ about the caryng value of assets and 1kibil.es that are not readily apparent from other sources. esllmales and underlying assumptlons are base(J on historical expertn and other factors that are lSIdered lo be leVant. Actual results may drffer from these 6stimat68. The estlmates arKI urKlerlylng assumptlon8 are revlew*d on an ¢)nkN)irrfJ b88is. R8vision8 to accthnling 881Smales are recognlsed In Ihe perfod In whlth Ihe estimate Is revised the viSIon affects only that perlod. or In the partod of the revbslw and future rklS rf the revision affethd currenl and fLbture perfod8. In the vb8w of ihe Govemors. no assumplkfft con¢emlng ts lulure or esllmallon unwtalnty affectlng assets or liabilities al the balance sheet date are Ilkely to result In a maler181 adjustmenl lo thalr carrylng amounts in the next financ ar. OTHER TRADING ACTivrriES 2021 2020 Commission on school photographs Lelbngs Theatre income 1,432 74,927 2,014 55,281 INVESTMENT INCOME 2021 2020 Deposit account interest Page 30
THE GRANGE SCHOOL HAirrFORD LIMITED NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 AUGUST 2021 CHARrrABLE AcnvrriES- FEES RECEIVABLE Fws rKdvable consl8t of: 2021 2020 Gr088 Fees 12,682.512 12,101,105 L888.' fee a88L81ance. dlscounts arKI Scholarships 862 033 Tot81 Scknl fe88 IQL ll239PZ? The number of wpils banefrttlng from fee assL8tance, slbllro arKI staff disc¢Junl$ and $¢ho18rships totals 45212020: 438). Wrthin this means-tested bJrsarles totalllThJ £331,713 were awarded to 42 pupils12020. £247,762 to 33 pupi13>. ANCILLARY TRADING INCOME 2021 2020 Catering Irome Bus Income Fees Refund Scheme sund0eT8 Speech and drama Registration fees CJRS income Other income 403.040 239.193 34.129 85.622 64,787 14.501 173,536 375.771 192,816 28,387 101,448 29,910 12,280 466.021 Page 31
THE GRANGE SCHOOL HARTFORD UMITED NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 AUGUST 2021 INCOME FROM SUBSIDIARY TRADING ACTivrriES The has a 100% interest in its trddiThJ subsidiwy Thè Gran99 TraJiTrJ Dov8k)pment Llmit&J. Th8 Grange Tradiry Development Limite(I's pn'rK4pal actrtiity contimes to bè that of ornotIng commercial activities which use the Sthool's assets to generate income from ttIng$ and other ivitEs. Its Ir8ding rewll¥ for year, as exlracaed from Ihe audrted financkgl ststèmfjnts. ar8 summarised below.. 2021 2020 Turnover Other income Taxation Cost of sa108 76277 12A11 80,737 17.932 1649) Retained wofit for the Sharohold•r•' Funds Page 32
THE GRANGE SCHOOL HARTFORD UMtrED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 ANALYSIS OF EXPENDrruRE Staff Costs D•pr•clatlon Other costs Total 2021 Tolal 2020 Charflabl¢ expondltur• Educatlon Teathing Premise¥ Supwt arKI govèrnance cts Welfare Grants, award8 & prizes 6.933.755 394,919 748,874 548.945 7,482,700 894.131 1,905.132 409.380 1.473,691 7,689,060 1.634,867 1,565,207 616,082 315,437 282,3S4 471.050 1,437 753,404 1,437 715.688 2.135 324943 1161 364 11606 957 GOVERNANCE COSTS INCLUDED IN SUPPORT COSTS 2021 2020 Stsff costs Legal and wof&ssional fees Auditors Remuner8tw)n - Audlt Auditors Remunerath)n- Non-Audtt Other governanco costs 19.383 57,694 13,023 6,783 19,3e4) 109,784 16.314 8,917 NET INCOMING RESOURCES N81 IrMing reSrS are $tsl¢d after tharglrvJ: 2021 2020 Operating base costs- land and buildirKJ$ Operating lease costs- equipment DepreciatK)n - ovmed as¥el$ 5.500 19.626 931519 10,250 17,338 10. GOVERNORS. REMUNERATION AND BENEFThS TIre w8re no Governors recelvlng remuneral)n or Ott ben8fits for the y ended 31 August 2021 nor for the year ended 31 August 2020. Gov•rnor8' Exp•n••8 During the year ended 31 August 2021 no g)vemors Tecoived travel and subsistence expenses. {2020.' Non8}. Page 33
THE GRANGE SCHOOL HARTFORD LIMrrED NOTES TO THE FINANCIAL STATEMEpifs - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2021 11. STAFF COSTS 2021 2020 Wages and salars Sc¢ial sec#Jrity co8ts Other pension costs 6,568,036 597,954 1118 997 6,531,240 585,328 8 284 986 8 257 076 Aggregate emplo5 benefils of key managemont pwsonnel The average monthly number of emplo)tes dn9 the ar was as fdlows". 2021 2020 Teactling Administration Catering, Cleaning and maintenan( Trading subsidiary 23 24 252 259 The average monthly number of emFAoypes on a full lime &]uNalent basis durifVJ the yBar was: 2021 2020 Teachlng Admlnlslrallon CalerlThJ, cleanlng and m8inlenan¢ Tradlng company 133 22 136 23 41 198 201 The number of hlgtw paid empk)yws in bands ot. - 2021 2020 £eo,(KKJ to £69.999 £70,(W lo £79,999 £80,000 10 £89,999 £W,OCQ to £99,999 £130.¢XM) to £139,999 £140.CKK) to £149.999 Four of the higtw paKI employees are accruing tnefrts undw a defintrj b8nefrts scheme with Contributions amounting to £82,625 in the current year (2020.. £81.2931. Contributions amounting to £13.J5 {2020.. £13.788} paid lo defined contribution schemes In respect of two of Ihe higher paid employees {2020'. Iwo). During the year there were twminalms and no teInat)n panentS {2020.. £20,952}. Page 34
THE GRANGE SCHOOL HAKfFORD LIMrrED NOTES TO THE FINANCIAL STATEMENTS - coKfiNUED FOR THE YEAR ENDED 31 AUGUST 2021 12. TANGIBLE FIXED ASSETS- CONSOLIDATED AND SCHOOL Fre•hold Propèrty A$8•ts in Flxtum and ¢OUfs• of Flttlngs constwction V•hlcl•J Totals COST At 1 Seplembw 2020 D18posals Additlons 32.490.841 6,126.115 {158,847) 160.357 38,777,313 1158,847 102 973 At 31 Augu8t 2021 DEPRECIATION At 1 September 2020 Charge for the year Dl8posals 8,046.158 545,131 4661,398 363,469 115,733 22,919 13,423289 931,519 At 31 Augusl 2021 NEf BOOK VALUE Al 31 August 2021 AI 31 AugU8t 2020 13. FIXED ASSEf INVESTMEpirs Invo8tm&ni In •ubsldlary Company COST OR VALUATION At 31 August 2020 At 31 August 2021 NET BOOK VALUE At 31 August 2021 Al 31 August 2020 The Grange TraditYJ Developmenl Limited is irPted in the UK. The GraThJe School Hartford Limited is the sole shareholder. The Grange S¢hco1 Hartford Limited invested £1 Into the company. 14. STOCKS Consolldaled 2021 2020 School 2021 2020 Stocks Page 35
ThE GRANGE SCHOOL HARTFORD LIMrrED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2021 15. DEBTORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR Consolidat•d 2021 2020 School 2021 2020 Fees ou181atlnp Amounts by gTOUP undertaklThJs Other debtors Prepaymen18 and aecnjed income 44.615 33.334 30.144 6B.663 44,615 137,937 128,306 73.2130 128.306 16. CREDrroRS". AMOUNTS FALLING DUE wrrHIN ONE YEAR Consolld•t•d 2021 2020 School 2021 2020 Bank loans and overdraft8 (see note 18 & 19} Trade creditors Social security and other taxes Other credltors Deferred Income- fees in advance Accrued expenses Propety credltor 475,000 475.(KJO 475,000 476.Cl)O 461.117 162.653 183.174 236.$40 704,881 178.413 148.483 150.529 322,393 476.9)0 451,117 157.212 177.826 235.540 704881 178.413 149,622 149,410 322,393 476,Sh 17. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR Con8olld* 2021 2020 2021 2020 Bank loans (see notes 18 & 19) Deferred irtome- fees in advance 3,443,750 3,918,750 1443,7SO 152 231 3.918.750 28Q174 Page 36
THE GRANGE SCHOOL HARTFORD LIMrrED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 AUGLIST 2021 18. SECURED DEBTS The follov#lng sécured debts are irK4uded within (xoditors.. 2021 2020 2021 2020 Bank loans The bank loan is repgyable over 11 ar5 from the date It was first drawn down with an interest r8te of 1.9% over LIBOR. Th1$ Changed to 1.9% over Bank of England Base rale from the first quarter of 2022. In February 2021, 8 quartedy rale swap arrangement was agreed wlh H8ndelsbanken to effectively fix Ihe Interest rale al 2.39% for the duration of the loan period. There was cost to th6 school for entering in to the swap arrangement. Ai the year end the lair value of the swap was £11.544. The asset has not beèn rocognlsed in the accounts. The bank loan is secured by a first legal ¢harge over the Scho lyjlldlngs, the car park and sports ld8. 19. LOANS An enalysis of the malurlty of loan818 glven belovr. 2021 2020 Amount8 falling due Iwthln one or on demarKI: Bank loans 475,000 Amount8 fallng between one and tV4Y) ar. Bank loans - 1-2 years 473,000 475,ty)O Amounts falllng due bel) tr*K) and five yearn.. Bank108ns - 2-5 y08r5 1425 OIXI 1425,000 Amounts falling due after more than S yaar8'. Bank loan$ more than 5 yaars 2 018,750 P4e 37
THE GRANGE SCHOOL HARTFORD uMrrED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2021 20. OPERATING LEASE COMMrrMENTS The future mlnlmum lease p8ymants under nOrnCelIae operatlrvj leases a as folhx8'. Larwj and bulding8 2021 2020 Other operating lea8es 2021 2020 Less than one year Ben tsvo and fNe yws Afler five years 2.200 14,090 10,648 8.122 1.282 21. FEES IN ADVANCE SCHEME Parertls may enter into a wntracl to pay the s[ in advance for fixed contribullon8 loward8 future turtion fees. The mow may b6 retumfrd subject to $pe¢rf condrtlons on tho receipt of notlce. Assuming pupM8 11 remain in the School. fees In advanc* will b& appllod as foll(Y. 2021 2020 After S years Wllhln tsvo lo five >Earg Wllhln one to year8 23.349 85,684 43,199 152,232 93.073 245,305 56,364 140,647 83,163 280,174 147.982 428,156 Wllhkn one year Summary ot mov•mgnt8 In Ilablllty Balarth al 1 September 2020 New contracts Contract$ refunded Amounts used to Pay f Balanc• at 31 August 2021 428,156 43.765 {85.1791 (141,4371 245,305 Page 38
THE GRANGE SCHOOL HARTFORD UMITED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2021 PENSION COMMITMENTS Toachers. P•n•lon Sch• The SclM)ol PartpaleS in the Teachers, pS1On Scheme Ilhe TPS'I fw its teaching Staff. The p6nsion charge for the yew indudey contrlxjtions payable lo Ihe TPS of £1,029,037 (2020.. £1.053.63n and at the yearnd £122.17512020- £n) was a¢c¥ued in resm of contributions lo th1$ $cne. The TPS18 an urrfunded Multem[r defined beneflts pension scheme govemed by Th8 Teachers, Pension¥ Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 {as amended). Members contribute on a "pay a$ you go. basis vmh contributsons from members and the employer belng credited to the Exchequer. Retirement and other pension benefrts are paid by publ fund8 provlded by Parllgmenl. The am0Y ntribUtn ralels set by the Secretary ofstate following sch8me valualbons urKlertaken by the Govemmenl Actuary's Departrn8nL The most recent acluarial valuation of TPS was kyepared as al 31 March 2016 and Ihe Valuation Re[. which was publtshed in March 2019, confimied th81 the employer c11)LrtD rate for the TPS wryjld I88Se from 16.4% 10 23.6¥• from 1 Septemter 2019. EMyerS are also required lo pay a sckneme admlnL8tration kryvy of 0.08% glvlng a total employer contrfbulion rale of 23.68%. The 31 March 2018 Valuatk)n Report was prepared In accordan wlth the benefrts set out In tho ¥¢h8me regulalior and und8r the appri)ach 8pecrfSed In th6 Directions. as they applied at S March 2019. However. the assumptknns Vre oJnSKiered and sel by the Department for Education prior lo the rullng in the 'M¢CloudlSarg8ant case,. This case has wuired the courts to consider cases regar(Ilng the implementation of the 2015 ref5 to Publlc Servlce Pensions includlng the Teachers, Pensions. On 27 June 2019 the Supreme Court denied the govemm8nl peiss)n lo 8pp8al Ihe Court of Appeal's judgment that transiti'onal provisions introduced lo the reformed pension $¢hwnes In 2015 g8ve rise lo UnlaUl age discriminalbn. The government Is re8pe¢ting the Court's decision and has sald rt will eng•Je fullywith the Employment Tribunal as well as employer and membsr ropresentalives lo agree how the dlscrlminalnS will be remedied. The government annred on 4 February 2021 th81 il intends lo proceed with a deferred choke underpin under members 1[ be able lo choose eitherlggacy or refom)ed scheme benefts in respect of their ser¥ke during th8 period botsveon 1 Aprti 2015 and 31 March 2022 at the point they b0me payable. The TPS 18 Subject to a cost cap mechanism was put In place lo protect taxpayers agalnst unforese8n changes Ni scheme costs. The ch Sec¥etary lo the Treasury, havlrKJ in 2018 announced that there would be a review ol this cost cap mechanism. in January 2019 announced a pause lo the Cost cap mechanism followng the Court of Appeal's ruling in the Mccloudlsargeant case and unlll there is certalnly about the value of pens*)ns lo employees fr¢)m April 2015 onvrards. The pause was lrfied in July 2020. and a consultation was launched on 24 June on yoposed changes to the ¢ost control mhanISM following a review by the Govemment Actuary. FolloTrMng th8 publlc consultat). the Govemment have accepted three key proposds recommended by the Government Actuary. and are aiming lo implement these changes in lime for Ihe 2020 valuations. In view of the above rulings arKI decisiorts the assumptkins used in the 31 March 2016 Actuarial Valuation may become inappropriate. In this scenario, a valuation k¥epared in accordance with revised benefft$ arKI surtably rew¥ed asSUmptnS would yield dffferent Ults than those ntained in the Actuarial Valuation. Until the cost cap mechanism revigw 15 complet1 il is nol possible to conclude on any financlal Impact or future chang95 to the cOntributn rates of the TPS. Accordiwly no provksK)n for any addltlonal past benefrt pension costs is induded in these financol statements. P4e 39
THE GRANGE SCHOOL HARTFORD LIMrrED NOTES TO THE FINANCIAL STATEMENTS- copifiNUED FOR THE YEAR ENDEO 31 AUGUST 2021 Other yniion contributlon• For nonThte%hing staff, the Sctrthl makes ntn"bUOnS into employees. personal pension funds. The pension charge for th8 yBar irthjudes contributlons paYae to the 3chemes of £89,960 12020.. £86.870). Al the year-end £14,510 (2020.. £10.6861 vras accrued in SpeCt of contrlbJlions lo the8e schemes. 23. MOVEMENT IN FUNDS Group Transfers September Incomlng Resource$ bats%ten 2020 resources expended funds At31 August 2021 UnMtrlGted fund• General fund 24.130.648 13.035.475 (11,671,567) 25,494,556 Tolal funds 24 130648 13035475 11671 $67 25 494 556 TrdnsferB September Incomiry Resources belweon 2020 r¢SlS expgnded funds At31 August 2021 Unrn8trlct•d lund8 General fund 24,111,263 12,977.229 (11.616.364) 25,472,128 Total lund• 24 111263 12977229 11616364 25472 128 24. ALLOCATION OF ASSEfs- GROUP Tangible fLxed Nel rrent 88sets assets LorKJ lem Tal 2021 Total 2020 Unregtricted funds 24,909,377 4,181.160 25,494,566 24 130.648 25. CAprrAL COMMITMEpfrs At the balance sheet dale, lh8 company had capital wmmitrnents as follows: 2021 2020 COntrted for WIFI h¥thva 63,323 Page 40
THE GRANGE SCHOOL HARTFORD LIMITED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2021 26. RELATED PARTY TRANSACTIONS C Ogle$by was goverrnr until 31 0(knber 2021. and is also the Chief Exeortr¥e of Unlfy (fonnw Bruntwood). During the year the Schcd has purchased utMKles and maintenance Serv from Bruntwood. During th8 year the Schcd was charged £175.371 {2020.. £187.751). As at 31 August 2021 the School owed Bruntwood £13,797 {2020'. £28.073}. The transactions wrth Bruntwood re at amls length and at market vabue. J Simpson. a governor. owns a flat whKh was rented at a market rate lo the S1 for use by gap ar students who were working at the Sch(KA. DuriThJ the year, S¢hool was charged £nil {2020'. £6.0451. A8 at 31 August 2021 the SclKJol owed J Simp50n £nll12020: £NILI. The rerrt21 ¢onlracl ended on 31 Dember 2019. A numberof the governors at the School held offu forat leasl part ofthe year had chldren enrolled at the School durirvJ the swr. The chlktren otteThJ the SclK)ol on tho same tem)$ a$ the other puplls. FINANCIAL INSTRUMENTS 27. 2021 2020 Flnancial assets measured at amortlsed la) 6,382.474 4.853.095 Flnanclal ILqbi16tios measured at amrytised cost {b) (a) Flnanel81 assets Indude eash, lee debtors, other debtors and ac£rue(I Income (see note 1 S> (b) Flnancral Ilabliillos IrKlude deposlls, trade credltors, other credllors arnl loans {88e notes 16 and 17) Impalmient1058ts charged to finartk91 assets measured al amortlsod cost in the ar amounted to £nll Page 41