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 STATEME1￿s 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 Cong￿ldated 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 202￿2021. 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 everprlately on the School's wiorities for development. In summary. the outlook for Ihe future of the School Is one of stsbilty, in vA)at wa do wdl. and promise wilh th8 arrival of refreshing ￿eaS and new enthusiasm. Nigel Parklnson Chalr of Governtys Page 2 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$ions of the Statement of Recommended PractKe (SORPI 'Accounting and Reportlng by Charities, appliCa￿e to Charit￿$ preparing their ￿lUnts In a¢cOrda￿ wlth Financial RewrtirwJ Standard applica￿e 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 COM￿munit Paédlatrl¢lan HR Consultanl l Director Consultant Ap.oointed 111 December 2020J Chlei Financial Officer Ir￿e ndenl Advisor TV Ex￿tIVe 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. reS￿ned 31* August 2021 T Sherrx _ V Fleetwood SBe T Pollard N Matthews Dr A AJ-Abdin Membership of the Trt￿t 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 P4r*inwn 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 Mar￿￿Sta[ 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 sy*m Unfvew into Profe￿￿)nal omF40￿￿ent and NhJ81 h98 8 broad range of sport & betSu￿ Int8ro8ts, IndUd￿ footb811, 9ts￿, arKI dar￿1. N•ll Wam N811 B08nl of GOveff￿ts in Novernb￿ 2013 and 8erve8 on thg Propety Finm and R￿u￿rat￿ Commltte&s. He 18 8 Senior Partner al Morc•r in M8nthe8ter, 8 firni of ￿u￿ri&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 IT￿n9 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 compl￿ne* Commiitee. He Is Chartgred Surb7yor aThJ * a of Slrnp8ons Comm8rdal Property. è sp￿lalIst proFety ffirrn. He way previoudy a partmr kn Tushlnglwn Mcoro. Jeremy vrns a graduate in Urtjan Larrtl frryn Sheffiekl P￿yt￿hn￿ arKI h88 an MBA from thg Mondwter 8uwn88s School and 18 8 Fdknv of the Royal InStit￿e of JeremVsthreo chlklren al attendod Thg Gr8r￿ Senknr Schcd. H8 •nJoys most arKJ reguLgty Flays goll and t•nni6 enloyB (￿rt￿c￿ 8(IMY88 Ir￿￿ThJ fell ￿rd￿l￿. ¢ydiNJ 8nd 8kllng. D•¥ld Akka halr of th• Edu¢•don CoThnH Da￿d 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, eXper￿nC0 in ￿rnnIng hlB own t￿￿ne08 In ts text.￿ and clothir¥J industy. He h88 a dwdree h MedwnK81 Engin￿thJ aThJ a ￿&st91aduat8 Thpbma In Law. D8vld Ilv88 in Ch88hire t*ith 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 OPF*Jrtunlty to w18 FI￿ th h16 knIPy. kl•rtln Ntr•Mholm• Chalr of th• FSn*K• Comnth•• Martkn I>￿9￿ a Governor In Sept￿r2010 8nd chalrn the FinarKe Committ•e 8nd ¥erye8 on tho Propgty Rernunerat CommNtee8. Ma￿nIS a nortrexecutivo dlroctor of bu$inos885 In the h8atthcar• and 1X)￿1r& sectoTr hovlng prgViOLKgty b8èn 8 Partner the acLX)unlan¢y fjm KPMG. He has vast expèrience of advlslng t*)aids of publ￿ 8TrJ wiv818 compankn8 8nd of (prallonal manwrnnt in Fxfvate t¥J￿neSS and prof•ssion81 prth. Mgrtkn h8$ 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 qUalffied￿nb)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 pa￿1￿tr￿s at Lelghton Hospltsl. Safegu8rdir¥J c*ildren 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 rePr￿entatiVe 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 i0￿J lh8 Bo8NI of GoNwnors ￿ Awsi 2019 8rKI IB chair of the Nw1n*.￿S c(YnmitteB and 8eNes on Fln8nc6 (￿rI￿￿te8. She i8 a Fdkyw of the Chartered InstltLrt• of PgfBonn81 and Doveloprr￿l After 8 S￿¢9ss￿Jl car8er in 86nkY HR rt)le8 In both thè FThte a￿1 s*ir, ELgine r•)w manaJ8s a Human Resou ¢orwJ112ncy b(￿neSS supporbng organlsations in privote. publk and E￿ine'S regdar &tivlUo8 IrKlude rniing on tho rlvgr Do8. waklw, Jwa, Pilates and skiry. Jull*n Uv*•ll> Julk4n lolnad th6 ￿la￿l 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 cMrt￿￿è 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 2￿20 and 88N•$ on tho Flnance and CCffiFIi￿¢fj C(#nmitte88th Bpedfic re8pon8iblll0e8 f*8nh & 88fty. *mdy 8￿t hi8 e8wr forSh811. re￿￿n9 at th• •￿1 of 2018 after 32 year8, wding h18 lIn￿ 5 ￿r5 In execuO¥p ￿8d8T$hip team ol Sho1 ChemulB. Slnce hls Trtirem￿l. Andy has ￿nI rncOnr￿tin9 hobble8 - pavllcularly hiw and V*rKththiwvJ as as und9rtskfi￿ a Small Smo￿1 of Hlb 3 ￿ 8T8 fomwr PUFAl8 of th• Thom•• Sh• TcAn Iho Bowd of J8nu•ry 20218TrJ 8erve8 ¢)n the EOJcation CLfflmhteo. Tom first the Grange Scfv)ol 0$ student In 1979. HIS ¥￿1• al￿ att￿ The 8fKI th&y Th)w have Child￿ at thg SthoDI. than 20 ye8rs and hls cu￿onI 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 EI*K8Oon CcrfnThMttee. TrevorcutT• 8 PX)rtfdio ofNon. wles. I￿1￿￿r￿j ch8￿0fmarketh￿ Che8Nre ano Vicfrchair of thè Ch#shirB and WaThiryton Lccal Enterpris8 Partrwthip. He is a Non-Exe¢uUv8 DIr￿tOr at Mid Cheshire Hospilti& Foun(latth TTu31 aNI Wc**bu¥ an empk)yee satislth survey provkl&r. ￿ Is al of tffij fTanch18e (￿Parles, Rise aTrJ InHabit. Trovorhgsthw¢hMthn ￿r[Br￿1yattand the GrwYJ8. Trebfjr8nd IM8 c￿On 811 ty818xk hè has a ￿r1*￿arIn18TO$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 c*alf of the ComF4iance c1jnn￿tte8 aTrJ 8Bryes on the kniMa￿n9 C¢Jnmltt88. H•r 3 chiklM attonw Iho durlNd the r*rlcxl 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 QxTh￿1al trans8c16on8 crynpuance vAthln Lqrge glob cunpanies and h98 pleyed a key Tole In 8u&Alngblllty stsThJard8. Vkky ha$8 keen i)tW68t kn SI￿1, part￿￿￿rtY ￿lat any lèvdl and L*kg1. She enF)ys walklryJ, reading, love8 trBv818nd has sp8nt th18 r vo14thity ai a vacclnth L¥ntrg in o Sports hall. Stuart B•99-Appolnt•d 25th M•y 2021 Str￿rt Icir*d tho 808rd of GowTh)r• In May 2021 and Ser￿ t￿ tho Propety Cclnmittee. hasover 30 y8ars' experience in hitecture and Propd Mgnag8mont In lh8 dejlgn and delivery of a ca)mprèhonsive rarge ofpropcitypes 8rKI h88 a broad und8r6tsnding ol all as￿8 of construdion 8nd prcKuremenl metlKJd8 Ind￿JIr￿ partnertng strai8918s &ssenli81 to d8liveT su￿8￿lU1 wc48¢ts. SluarV$ sons attended the ￿1n1)r S(*ool thrO￿h to sixth form. Ihe youngost lgthng In Z020. Outsid8 his career Stugrt enjoys ￿a￿7r0 gom and. crickeL is a keen skier wth T￿lery through Pilates. Sluart 8180 enjoys 8ket¢hing. gardeniro and ine ta￿ry ond ￿lI￿lY 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 se￿9 on the Ell￿at￿n 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 a￿r w¥Jew)(lenl 8L*oc4 and rr*nlor8 Tr8¢y 58 Fo88b￿le 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(FeduCat￿n81 day 8thJol. Rocrultm•nl and appolntm•nt of n•w Gov•morn Govemor8 are subject lo the rellremenl by rotot￿n w¢)visions In the Art￿1￿ 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 w￿n required.. Nominath)fts and Rem￿￿era￿On. 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 I￿1h the tM)licy objective of provKllng appropriate incentives lo enwurage enharThl perf￿ManCe 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)mrnrtt￿l to a working environment that bs free from anyform of discriminal￿n 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 desc*lplion 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$ib16 for day to day communlc*bns e8¢alale matters for Governors attenlbn Nthere approprkqle. Govornor •n8ag•m•nt wlth par•Tht8 The Chalr of Governors V•Tlt88 to parents 8t leasl annually before the start of the acadernk year to upxlate them wlth ￿Spect lo progress towards strategic alm$ 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$¢alated lo Governors ¥there raqui￿d. Th8 School closure due to the Covld-19 p8ndemi¢ r?$ulied In more communutlon between the Head and G0veff￿ and parents durlng 201￿20 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 edUcat￿n 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 S￿￿lu1 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 slgnffj￿anI imkYovein?nl¥ lo facilities, staffing and resour¢e$ in order lo deliver an outslandirrfJ qualty of educational provision. As a relalively yourKJ lThJepe￿jenI 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 p￿￿Y ensur1￿ that we G2n develop students lo Ihe best of th*r 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 acC￿S 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[x￿un1ty c*ganisath)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 or￿latiOn 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 $tadlng sel of results as both cohorts kept pace vith their tKedecLssors lo a¢hieve superb outcomes. Al GCSE levgl ov 75% of all enlrses were ¥ch￿Ved al grades 7 10 g arwj al A Level over 80% of all grades wwe awarded at A. to A. Over 85% of all A Level students went on to study al Ihelr first Cho￿8 university wth a number of students opting lo tske a gap year. These stalistKs make The Grar4J6 one of the t)est perfoming school8 In the North West and h￿hlY regarded ￿￿thin the region. Acadomlc Whilst restr￿lon5 limited edUcat￿n81 visits, we worked vthhin the guidellnès to sUp￿eMent the w0vis￿n in the classroom. Online exper￿￿8$ still allo*Ed 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 med￿1n8 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 ltr￿1r 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$piralion' portal on Flreffly lour VLEI, students have the charte to exlfynd thglr Ihlnklng aTrJ eng8ge wilh real wodd debates as part of school council bul also in enrichment such as Model Unrted Nath?n8 and Politics Forum. Pasloral Underpinning a Grange educauon is providing an atmoskthere in whith all children can thrfve. C8nlr81 lo thi8 is a staff bodywho devote great energy lo celebrdling the SLK%esses achieved whilst supp)rtlng 8ach Indlvldual through more difficult limo5. On a day-tt>day basis all sttbjents aro supported by tholr fomi lulor and In Ihe Senior School this is supplemented wlh yearfy one-towone mentor sessions. These offer an Invaluable insight in lo the well-bging of every child and a lime to upon their lime al School wllh the person reswnsible for their pastoral care. In addltlon to the cjjrriculum Personal, Social and Health Educatlon (PSHEI programme. fomi teachers continue to leach one period of PSHE to their fomi once a fortnlght. again reinforcing the l)ond be￿veen teacher aTrJ fomi, ￿lL81 enabling tutors lo tackle issu8S that are pressing for their tutee$. This continued remotely, wlth regular pastoral meetings at both JunK)r and Senlor level malnlaining the individual 8upF￿ but also communty spirrt that t￿lf*S a GrarvJe education. L•amlng Support Al0￿sIde our strong pastoral care approath. The Grange continL￿s lo do its uimosl to ensuro that the benefits of atlending are achieved by those young peop￿ wrth Special Educatlonal N*J8 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. Excel￿nt 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 ChaI￿n￿ 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$. on the playgrounds and during lunchtimes. There were plersty of opportunilles musical p8rfomiances In the Senior School with six virtual concerts fealurlng both iThJividuals and ensembles pieces thanks to the t￿hnical expertise of Grange staff. There were also opportUnit￿S lo witnes$ 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 Wact￿l perf0mar￿$ throughout the year. AS restr￿lon5 lrfted, there was 8 retum to Ilve pfrrfMar￿es for both departmerrts In JU￿. Gosforth's Fete enlertained audiences over three evenings thanks to the ta￿nts and comic timirKJ of our students, arKI all Grange ensembl8s perfomied in a highly su￿6$￿ul summer concert to a 8ellryOUt aud￿. Sport In sports th8 resumplkn ofschwl fixture8 and tournaments Was￿le0M8d by all. albert w￿h some Interruptions due to restrlcllons and year group bubbles still in place. 2020-21 was a fantastic year for Netball as participation grew 8ufficlenlly lo allow all age groups lo field an A and B team. Th8 Grange dominated I￿allY ￿th Year$ 9, 10 & 11 all finlshlng the season a5 Cheshire chaMp￿n8. 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 h￿hlyht being the U16 team's succe88 in the Cheshire Shield. Hockey conllnL￿l 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 se￿8 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 $8w ¢ri¢kel, tennis and athle￿e6 takiNJ centre stage with18rger numbers of students getting the opportunty lo partKipate in 8 sews of comFelltlve fixtures against Ioc81 schools. Despite re5tr1ctions hampering the rowng season, the dub competwj al both Ncrfthwich and Domey and now over 100 students are members of the dub. Despite the various Inlerrupllons I￿oughoUt 2020-21, evwy spryt has a strorvJ foundalhjn for the future. Out•ld• of the Cla88room As restrictions relaxed, Grange stLKlents participated kn a raThJe of '¢￿Ide the clgssnjom experien￿$, Including the RSC SchcK)Is Analyst Competit￿n. Gec•Jraphyfield trips and a Rocket Day in ph￿1¢$. Not to be ouldone, the Duke of Edinburgh team managed a busy summer season wlh fNe expeditions runnlng to support the development of Bronze and Solver Awards for ovw 150 sludenls. Despite external uncertalnty surrounding examlnatK)ns, many of the Upper Sixth pursued a Gold Award aTrJ it was seasons in one for the Year 115 as over 50 Students urKlert¢>)k both Bronze and Silver awards in the same year. Again. thls exemr4rfEs how The Granoe is fulfilling rts malor alm as a charily: to prowde th8 highest standards of edu¢alion to the pupils o attend the School. Page 12 THE GRANGE SCHOOL HARTFORD LIMrrED REPORT OF THE GOVERNORS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Public Ben8llt Burnarl Bur5arl8s conunue to Flay a ¢wttral rol8 in onsuring there is as wlde as pos8lble access to the edu>ion offered by The Grange, and that it is not ex¢lu$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 S￿dents In r￿lpt 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 202￿21 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 w￿1 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, $0 that thi5 is nol a signffunt factor ￿$t￿ling a￿Ss. EXr￿lIent 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 Opp￿￿nItieS 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 fina￿la1 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 edUcat￿n lo tts fullest polenllal. The govemors of the Grange airn to allocate 4% of Ihe Schcd's fe• incom8 to the provi￿on 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 curr￿lUM 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 $upw￿r￿d other schools but also on a natkMal level. The Grange School works Ylth pwtner thls to enhaTU thelr exlstwig currlwlum. In Junts 2021, we ran nlne sublecl workshops in Art, Chemisty, Drama and Sixyts for puplls ofwlnninglon Park and Weaverham Primary Academy woviding over 230 student experiences. Further lo thls. two members of staff ran Geography ar Musk work8hop$ In Weaverham Primary offering a further S2 sludenl experience5. One member of staff sits on the Royal Soc*ty of Chemrslry North Wesl EducalK)nal SUL￿0mmIttee. 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 cOn￿Med that Ihe School M￿h1 have lo postpone the production. The team were able to help Hartford Mar￿r to broadcast a INe production from the Grange theatre with a small goclally dlstanced wdience. combined with a live Zoom link to thg I￿rflYmers 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 Oppor￿ni￿e8 for W￿lS 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 bener￿ed from a donation of ke￿)08rd$ as our existing stock vas renew￿1, allowing them to inwporate digital and music skills into their lesson$. wh￿51 national lockdovm py0v￿ed challeng8s for In person events, in January 2021 we look the OppC￿unity to host three onlino Explorel S8ssions. Thls allowed Year 68 from across Ihe arga to gel an insight into S￿ary s¢hool lrfe by eXPer￿n0￿j onlinelgssons In Maths. lime wth a fomi tutor and lo gngage wth s￿ondary 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 peO￿e 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 NOrthw￿h 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 frpar group bubbl85. we look fOr￿ard lo our sludents workirrfJ collaboralivdy in enrichment, notably in Hous8 acbvib'es and mus￿. PwJe 14 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 nat￿n¥[ restr￿lI0n5 have meant onllne events have InevitatAy featured most prominenlly. Both the staff arKI students involved are looking fOr￿ard 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 relat￿nshiP 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 r￿1VeS regular reports on Health and Safety. compliance. education and fina￿la1 perfom*nce. 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 ach￿ed 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 202￿21 a¢a￿Mi¢ yearwill. as a￿ays. 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 IM￿ementat￿)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 Cu￿nI 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 Pfc*Jramme is scl*duled so that {normallyl average annual nel borrowings of the Sc1K￿l do not exceed approximately one I￿n'S fe85. The Governors tske steps to ensure that the annual income and expenditure bud￿1 is set at a level vthiGh wll provide an ap￿Y0p1late surplus on the capital employed for reinveslmenl. A loan of £4.75m byas arranpj Viith Ha￿l81sbanken 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 Cu￿nI asse15 are wall managed. Long tem fc*ecasts are feviewed on a termly basis taking changing exlemal and internal factors into considerat￿)n. The coronavirus paThJemlc has resulted In nat10￿de 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 g￿ng concem bash. InV￿tr￿ant 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 Com￿eted the build of our Sports Centre as the final part of our s1gnrf￿nl Investment In our Srorts Fa¢ilities. The students have already eXperIen￿d 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 COM￿ete 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, Extra￿vrricular, 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 part￿￿lar relatiThJ lo the specifK leaching. provlslon of facllltles and oth operational areas of Schcd and its finances. Th6 GovWr￿rS have imkknenled a number of syElems lo as$95s risks that the School faces in rdatw)n lo lea¢hing and learniThJ, heatth & safety, student welfar8, external factors and pr8ssvr88, school trips and in relatK)n to the ￿)ntrol of finance. The Governors have introduced sysleffls, including operational procedbjres and internal fina￿la1 Gontrols in order lo minimise risk. A risk register i¥ maintained, revle**d and updated on a regul¥ ba$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 pr￿IceS were implemented lo give the h￿he$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 $lrff￿ient numÈers by malnlalnSng tts reputation for the hlghesl educationa standards and an ellbx Ihal parents v*i5h lo invest in for their children. The Govemors conlinue lo re￿eW lo ensure that stL￿ent $uctes$ 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 Mrt￿ated 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 SU￿essiOn ￿enning. Fraud and ml8manag•m•nt of funds: the Govenmxs have iM￿ement￿j a ffinanclal govemance pc4lcy under the guIda￿e of the Govemor3 and st8ff with appropriate rec(>JnBed qualM¢albn$ to dearfy allocate responslbilities an(i ensure that rO1￿5t 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 actrvit￿S 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 Idenlrr￿d 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 Prot￿lI)n Act in line wlh the regulath)ns. Debbl8 Torjussen- Director of Finar￿e 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-sp￿r￿ 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)at￿n 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. Measu￿8 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. 20￿￿21 2.551.268 510 2019-20 2,199 791 UK ener use kwh A¥Kdated greenhouse gas gmlsslons (Ton￿5 C02 U￿a10nti 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 S￿rceS and ca￿lated 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 S￿dents. STATEMENT OF GOVERNORS, RESPONSIBILMES The GoverrThs are respon￿ble 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 reasonat￿8 a￿1 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{X￿nI1ng re￿rdS are maintaiT￿d that are suffic￿nt to show and expLain the charity's transacth)ns arKi disdose with reasonable aC￿racY at any time the financial poslllon of the Charlty and enable t￿rn 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 applicat￿n In accordan¢e ￿th charlly law. and herwk for tsking reasonab￿ steps for ￿ wevention and deteCt￿n 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 in￿rPOrateS th8 strategic vra8 approved by ihe Govemors on 14A*d￿and 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 Balanc*J Sheets, the Consc4ldat￿ Cash Fbow Stat8menl and Tr)195 to the financial statements, induding significanl accounting pOI￿les. 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 In￿Me 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& Compan￿9 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, indiv￿￿allY 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 I￿1¥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 expl￿TtlY 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 knovA￿jge oblained in the audit or otherwise appears lo be materially misslated. If we identrfy such material Inconsisten￿eS ￿ 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 v*Jrk 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 V￿rk undwtaken in the course of our •Jdit the inf(*mation gwen In the gOver￿r8, 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 app1kal￿t legal requirements. Matt•rs on whlch w• aro roqulr•d to rwt by •xc•ptlon In Ivaht of the kThM￿edge 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 resp￿t of the followlng Matters In relatK)n to wh*h 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 exP￿l￿ed 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￿ ￿$r￿nsible 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 a￿oUntr.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. ReasOna￿e 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 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 AcTIV￿lEs (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 Ir￿rne Investment In￿me 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 sL*ements 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.' aM￿nIS 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 final￿181 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 oPera￿r￿a 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 a￿j the Statement of Recommended Practice appl￿￿6 lo charities preparing Iheir actounts in aCCordar￿e vthh the Financial Reporting Standard applicable in the UK and Republi¢ of I￿larKI IFRS 102) - effective 1 January 2019. The functional currency of the School is oJn5idered to be GBP be￿use 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 crs are satisf￿d that rt L8 approprlale to ¢onllnue to prepare the account8 on 8 9olng (x)rwn bgsl8 Incomlng rn80urc4s l incoming resources are In¢l￿1¢d on Ihe Statement of Flnancial Actlvltl88 V*h8n the School 1$ legally entitled to the income and the arn￿nt can be quantsfied with reasonable aLxuracy. Where income is receiveil bul condltlonal upon Ihe provision of a servic4 ￿ 8 fu￿re aCU￿ntIl￿ pert￿J. the Irthme is deferred to thal perlod. Exp•ndhur• Expenditure is accrued a$ s￿n as a liabilty is fAJnsidered wOba￿e. dlscount&J to kyesenl value for long8r term Ilabllrties. The Irr￿verable element of VAT Is I￿uded vAlh the Ilem of expense to which tt rdates. Governance Costs indude those costs incurred In the govemance of the School and its assets are rKlmarMy assoaated wth (￿r￿tItUtIonal aThJ statutory requirements. Ba818 of conwlidatlon The group financial statements o)nsdidate the financral slalemenls of the School and its subsidiary undertaklng The Grange Trading Devek)pment Limiied {¢wnpany number.. 11511334). All inter group transactions and profts are diminaled fully on ¢onsolldalbon. As permitted by section 408 of the Companies Act 20C6. the parent Charitys irK4)me arKI oxponditure a￿￿Unt has not been Included in these financial statements. The School has taken advantsge of the exemptlon avallable to qualty'ng enlty In FRS 102 from the requirement to preserit a tharity only cash flow statement wth the Consolidated financial statements. Tanglblg flxed assets Tar)gible fixed assets are stated at cosl or vthats'on less depreciation Page 28 THE GRANGE SCHOOL HARTFORD LIMrrED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 ACCOUNTING POLICIES Depreciation is F*oV￿ed 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 fol￿n9 rates'.- Freehold bulldlrvJ8 - (Thiplele(1 bef¢ye 31 August 1995 - completed after 31 August 1995 Fixtures & fittings MobilellT equipment Motor vehicles -15% 33% 30% FraetrN￿d 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 dIs￿otion 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 prov￿ed through Iwo pens￿￿ s¢heme$, on6 defined benefrt and one define. ANCILLARY TRADING INCOME 2021 2020 Catering Ir￿ome Bus Income Fees Refund Scheme sund0￿eT8 Speech and drama Registration fees CJRS income Other income 403.040 239.193 34.129 85.622 64,787 14.501 173,536 375.771 192,816 28,387 101,448 29,910 12,280 466.021 Page 31 THE GRANGE SCHOOL HARTFORD UMITED NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 AUGUST 2021 INCOME FROM SUBSIDIARY TRADING ACTivrriES The has a 100% interest in its trddiThJ subsidiwy Thè Gran99 TraJiTrJ Dov8k)pment Llmit&J. Th8 Grange Tradiry Development Limite(I's pn'rK4pal actrtiity contimes to bè that of ￿￿ornotIng commercial activities which use the Sthool's assets to generate income from ￿ttIng$ 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 c￿ts 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 Ir￿Ming reS￿r￿S 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 TI￿re 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 salar*s 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 d￿n9 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 t*nefrts 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 twminalm￿s and no te￿Inat￿)n pa￿nentS {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 ir￿P￿ted 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 ou181at￿lnp 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 l￿d8. 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 nOr￿nCelIa￿e operatlrvj leases a￿ as folhx8'. Larwj and bulding8 2021 2020 Other operating lea8es 2021 2020 Less than one year Be￿n 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 Part￿paleS in the Teachers, p￿S1On 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 year*nd £122.17512020- £n￿) was a¢c¥ued in resm of contributions lo th1$ $c￿ne. The TPS18 an urrfunded Mult￿em[￿r defined beneflts pension scheme govemed by Th8 Teachers, Pension¥ Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 {as amended). Members contribute on a "pay a$ 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 am￿0Y￿ ￿ntribUt￿n 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 c￿￿11)Lrt￿D rate for the TPS wryjld I￿88Se from 16.4% 10 23.6¥• from 1 Septemter 2019. EM￿yerS 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 V￿re 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 ref￿5 to Publlc Servlce Pensions includlng the Teachers, Pensions. On 27 June 2019 the Supreme Court denied the govemm8nl pe￿iss￿)n lo 8pp8al Ihe Court of Appeal's judgment that transiti'onal provisions introduced lo the reformed pension $¢hwnes In 2015 g8ve rise lo Unla￿Ul age discriminalbn. The government Is re8pe¢ting the Court's decision and has sald rt will eng•Je fullywith the Employment Tribunal as well as employer and membsr ropresentalives lo agree how the dlscrlminal￿nS will be remedied. The government ann￿r￿ed on 4 February 2021 th81 il intends lo proceed with a deferred choke underpin under members ￿1[ be able lo choose eitherlggacy or refom)ed scheme benefts in respect of their ser¥ke during th8 period botsveon 1 Aprti 2015 and 31 March 2022 at the point they b0￿me payable. The TPS 18 Subject to a cost cap mechanism was put In place lo protect taxpayers agalnst unforese8n changes Ni scheme costs. The ch￿ Sec¥etary lo the Treasury, havlrKJ in 2018 announced that there would be a review ol this cost cap mechanism. in January 2019 announced a pause lo the Cost cap mechanism followng the Court of Appeal's ruling in the Mccloudlsargeant case and unlll there is certalnly about the value of pens*)ns lo employees fr¢)m April 2015 onvrards. The pause was lrfied in July 2020. and a consultation was launched on 24 June on yoposed changes to the ¢ost control m￿hanISM following a review by the Govemment Actuary. FolloTrMng th8 publlc consultat￿)￿. the Govemment have accepted three key proposds recommended by the Government Actuary. and are aiming lo implement these changes in lime for Ihe 2020 valuations. In view of the above rulings arKI decisiorts the assumptkins used in the 31 March 2016 Actuarial Valuation may become inappropriate. In this scenario, a valuation k¥epared in accordance with revised benefft$ arKI surtably rew¥ed asSUmpt￿nS would yield dffferent ￿Ults than those ￿ntained in the Actuarial Valuation. Until the cost cap mechanism revigw 15 complet￿1 il is nol possible to conclude on any financlal Impact or future chang95 to the cOntribut￿n 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"bU￿OnS into employees. personal pension funds. The pension charge for th8 yBar irthjudes contributlons paYa￿e 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 $67 25 494 556 TrdnsferB September Incomiry Resources belweon 2020 r¢S￿l￿S expgnded funds At31 August 2021 Unrn8trlct•d lund8 General fund 24,111,263 12,977.229 (11.616.364) 25,472,128 Total lund• 24 111263 12977229 11616364 25472 128 24. ALLOCATION OF ASSEfs- GROUP Tangible fLxed Nel ￿rrent 88sets assets LorKJ lem T￿al 2021 Total 2020 Unregtricted funds 24,909,377 4,181.160 25,494,566 24 130.648 25. CAprrAL COMMITMEpfrs At the balance sheet dale, lh8 company had capital wmmitrnents as follows: 2021 2020 COntr￿ted for WIFI h¥thva 63,323 Page 40 THE GRANGE SCHOOL HARTFORD LIMITED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2021 26. RELATED PARTY TRANSACTIONS C Ogle$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 S￿￿￿1 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 D￿ember 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