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2021-08-31-accounts

Reference and administrative
details		 Reference and administrative
details
Report ofthe Governing
Body
Governance,
Structure and Management
Objective, Aims and Activities
Public Benefit
Financial Review
Operafional
Review
Principal Risks and Uncertainties 14
Statement ofGovernors
Responsibilities		 14
Auditor's
report		 16
Consolidated
statement
offinancial		 activities 19
Consolidated
balance sheet		 21
School balance sheet 22
Consolidated
cash flow statement		 23
Notes to the consolidated
financial		 statements 24
Accounting
Policies		 25
Notes to consolidated
statement		 offinancial activities 2T
Notes to consolidated
and school balance sheets		 32

Registered office Bradford Grammar School School
Keighley Road
Bradford
BDg4JP
Banker HSBC Bank PLC
47 Market Street
Bradford
BD1 1LW
Auditor Saffery Champness LLP
Mitre House
North Park Road
Harrogate
HG1 SRX
Investment advisor Quilter Cheviot
One Kingsway
London
WC28 6AN
Pension Advisor Oughtred
& Harrison		 Financial Services
Croft House
145 - 147Wakefield Road
Gildersome
Leeds
LS27 7HH
Solicitors Lupton Fawcett
Yorkshire
House
East Parade
Leeds
LS1 SBD
Gordon s
Riverside West
Whitehall
Road
Leeds
LS1 4AW
VWV
24 King William Street
London
EC4R gAT

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Note 31August 31 August
2021 2020
Fixed assets
Tangible assets 13,644,365 14,295,463
Investments 12,851,581 9,945,493
26,495,946 24,240,956
Current assets
Stock 45,150 49,205
Debtors 10 479,848 391,624
Cash at bank and short term deposits 2,245,824 1,509,649
2,770,822 1,950,478
Current liabilities
Creditors: amounts		 falling due within one year 11 ~2,099,306 1,921,931
Net current assets/(liabilities) 671,516 28,547
Total assets less current liabilities 27,167,462 24,269,503
Total net assets 27,167,462 24,269,503
Funds
Endowed
funds		 12 2,293,196 1,983,480
1662 Endowed fund 14 402,630 258,215
Total Endowed Funds 2,695,826 2,241,695
Restricted funds 13 1,635,293 1,611,563
1662 Restricted fund 15 500,569 165,589
Total Restricted Funds 2,135,862 1,777,152
Unrestricted
Designated
Funds		 16 13,644,365 14,295,463
Unrestricted
Free Reserves		 16 8,691,409 5,955,193
Total funds 18 27,167,462 24,269,503

Note School 1662 Total 31 August
31 August 31 August 31August 2020
2021 2021 2021
Fixed assets
Tangible assets 8 13,644,365 13,644,365 14,295,463
Investments 9 12,378,842 472,741 12,851,583 9,945,495
26,023,207 472,741 26,495,948 24,240,958
Current assets
Stock 45,150 45,150 49,205
Debtors 10 500,236 4,467 504,703 410,815
Cash at bank and short term deposits 1,788,619 425,991 2,214,610 1,447,392
2,334,005 430,458 2,764,463 1,907,412
Current
liabilities
Creditors: amounts
one year		 falling due within 11 (2103897)(1,919,084)
Net current (liabilities)/assets 230,108 436,455 6611,566 ~11,622
Total assets less current liabilities 26,253,315 g03 1gg 27,156,514 24,269,503
Total net assets 26,253,315 903,199 27,156,514 24,229,286
Funds
Endowed
funds		 12,14 2,293,196 402,630 2,695,826 2,241,695
Restricted funds 13,15 1,635,293 500,569 2,135,862 1,777,152
Unrestricted Designated
Funds		 16 13,644,365 13,644,365 14,295,463
Unrestricted Free Reserves 16 8,680,461 8,680,461 5,914,976
Total funds 18 26,253,315 903,199 27,156,514 24,229,286

Consolidated
Cash Flow Sta
for the year ended 31August		 tement
2021
Notes 31August 31 August
2021 2020
(below)
Net cash inflow from operations 1 1,820,611 714,501
Returns on investment
and servicing offinance
Investment
income		 469,346 446,446
Capital expenditure
and financial		 investment
Purchase of tangible fixed assets (note 8) (315,832) (232,055)
Proceeds of disposal offixed assets (note 8) 0 2
Purchase of investments
(note 9)
Proceeds from sale of investments
(note 9)		 (2,169,166)
931,216		 (2,904,918)
2,019,197
Increase/(Decrease)
in cash during the year		 736,175 43,173
Notes to the cash flow statement
1.
Reconciliation
of net incoming resources to net cash
inflow from operations
Operating
surplus/(deficit)		 2,897,959 (565,097)
Net investment
loss/(gain)		 (1,668,139) 959,244
Depreciation
charge		 894,121 916,782
Loss on disposal offixed assets 72,809 2
Investment
income		 (469,346) (446,446)
(Increase)/Decrease
in stock		 4,055 (4,014)
(Increase)/Decrease
in debtors
Increase/(Decrease)
in creditors		 (88,223)
177,375		 (73,891)
~72,099
Net cash flow from operations 1,820,611 714,501
2.
Analysis ofchanges
in net funds
Cash at bank and short term deposits at start ofthe year 1,509,649 1,466,476
(Decrease)/Increase
in cash in		 the year 736,175 43,173
Cash at bank and short term deposits at end ofyear 2,245,824 1,509,649
There are no other borrowings
within		 the charity

UITION FE ES,ASSISTE D PLACES AN D FEEREM ISSION
31August 31 August
2021 2020
(a) Tuition fees
Gross fees receivable 13,122,990 12,405,787
Less:
Assisted places (690,385) (836,224)
Employees
Third sibling		 discount
and other discounts		 (222,021)
~54,091		 (379,288)
~54,999
12,156,493 11,135,276
Add:
Assisted places financed from restricted funds 486,209 460,397
12,642,702 11,595,673

2. TUITION FEES,ASSISTED PLACES AND FEE REMISSION - Continued
31August 31 August
2021 2020
(b)Assisted places and fee remission
From the unrestricted fund:
Assisted places 204,176 375,827
Employees
discount		 222,021 379,288
426,197 755,115
From restricted funds:
Assisted places 486,209 460,397
486,209 460,397
Total:
Assisted places 690,385 836,224
Employees
discount		 222,021 379,288
912,406 1,215,512
3. OTHER EDUCATIONAL INCOME
31August 31 August
2021 2020
5
Income from school trips 190,196
School meals and catering income 160,044 279,203
Registration,
exam and other fees		 32,424 38,239
192,468 507,638
4. TRADING INCOME
31August 31 August
2021 2020
Confectionery
sales		 14,108
Trading
subsidiary
undertaking		 22,972 67,005
22,972 81,113

VOLUNT ARY
INCOME
31August 31 August
2021 2020
Legacies (unrestricted)
Legacies (restricted)
1662Legacies (restricted) 10,000
Donations (unrestricted) 637
Donations (restricted) 28,479 56,045
1662 Donations
(restricted)		 464,269 160,469
1662 Donations
(endowed)		 87,351 300,023
580,099 527,174

31 August 31 August 31 August 31August 31 August
2021 2021 2021 2021 2020
Employees Other Depreciation Total Total
costs
f f K E
Teaching 7,367,293 732,469 108,971 8,208,733 8,084,155
Welfare 352,620 143,431 12,077 508,128 608,758
Premises 548,457 898,977 744,898 2,192,332 1,997,674
Support 814,945 665,225 100,983 1,581,153 1,849,866
9,083,315 2,440,102 966,929 12,490,346 12,540,452

fo
r the year ended 31August 2		 021 021
(b) Other items included
in School		 Running Costs 31August 31 August
2021 2020
Amounts
payable to Saffery Champness		 and its associates in respect of
both audit and non-audit
services:
Statutory
audit ofthe financial statements		 14,650 14,080
Accounting
and taxation services		 850 820
Total payable to Saffery Champness and its associates 15,500 14,900
Hire of plant and equipment
under non-cancellable		 operating leases,
(on leases expiring between
two and		 five years from 31 August 2020 42,819 47,776
and 2025)
Depreciation
offixed assets (note 8)		 894,121 916,782
Loss on disposal offixed assets 72,809 2
Net depreciation
ofowned assets (Note 7a)		 966,930 916,784
7. ANALYSIS OF EXPENDITURE (Continued)
(c) Grants and prizes 2021 2020
Funded
from the unrestricted
fund:
Travel and uniform
awards		 6,427 7,203
Other grants and awards 7,490 16,667
13,917 23,870
Funded
from restricted funds:
Music scholarships 15,958 17,640
Other grants and awards 1,266 2,592
17,224 20,232
Total of grants and prizes 31,141 44,102

d)
Anal		 ysis ofemployee costs
2021 2020
Total employee costs:
Wages, salaries and benefits 6,965,312 6,754,034
Temporary
employee costs		 98,499 116,431
National insurance
contributions		 698,409 689,725
Pension costs 1,321,095 1,279,789
9,083,315 8,839,979

he average
number
of full-time
equivale		 nt
employees
during the		 period was:
2021 2020
No. No.
Teaching —Junior School 12 13
Teaching —Senior School 90 90
Total teaching 102 103
Teaching support 23 21
Welfare 15 17
Administrative
support		 20 21
Direct marketing 3 2
Premises 24 24
Total non-teaching 85 85
School total 187 188

31 August 31 August
2021 2020
No. No.
E60,001 -E70,000
E70,001 -E80,000
E80,001 -E90,000
E90,001 -F100,000
E100,001 - F110,000
F110,001 - E120,000
F120,001 - E130,000

IBLE FIXEDASSETS
Freehold
land
and buildings		 Fixtures, plant
and
equipment		 Total
Consolidated
and School		 E E
Cost
At 1 September 2020 20,726,655 3,476,657 24,203,312
Additions 141,860 173,972 315,832
Transfers
Disposals		 80,600 ~00,000
At 31 August 2021 20,787,915 3,650,629 24,438,544
Depreciation
At 1 September 2020
Charge for the period
On Disposals		 7,140,879
670,861
~7.791		 2,766,970
223,260		 9,907,849
894,121
~7791,
At 31 August 2021 7,803,949 2,990,230 10,794,179
Net book value
At 31August 2021 12,983,966 660,399 13,644,365
At 31 August 2020 13,585,776 709,687 14,295,463

Consolidated
Unrestricted
Funds		 Restricted
Funds		 Endowed
Funds		 1662
Restricted
Funds		 1662
Endowed
Funds		 Total
E E
Market value at 1 September 2020 5,969,503 1,605,270 1,983,480 129,025 258,215 9,945,493
Additions
at cost		 1,523,219 265,067 170,617 183,215 27,047 2,169,165
Disposals at market value
Net Investment
Gain
Transfers		 (662,826)
1,042,781
~84,256		 (136,832)
242,706
~347,500		 (105,402)
309,715
~65,214		 (10,163)
25,683
~170298		 (15,993)
47,254
,~1,244		 (931,216)
1,668,139
Market value at 31 August 2021 8,456,933 1,628,711 2,293,196 157,462 315,279 12,851,581
Cost at 31 August 2021 5,252,691 1,539,828 1,517,279 183,387 327,070 8,820,255

School
Total
6
Market value above 12,851,581
Investment in subsidiary company
(note 4)
Value at 31 August 2021 12,851,583

DEBTORS
Consolidated School
2021
8		 2020
E		 2021
8		 2020f
Fees 3,860 7,932 3,860 7,932
Amounts
owed from subsidiary
undertaking		 27,319 25,977
Other debtors 265,443 231,625 262,979 224,839
Prepayments 210,545 152,067 210,545 152,067
479,848 391,624 504,703 410,815

Consolidated
and		 Consolidated
and		 School Deferred income
E
Balance at 1 September 2020 1,165,414
Amounts released to income earned from charitable activities (1,165,414)
Amounts deferred in the period 1,250,752
Balance at 31 August 2021 1,250,752

4. 1662 ENDO WE WE D FUND
Consolidated and School Balance at Incoming Resources Investment Transfers Balance at
Funds 1 September resources expended (loss) 31August
2020 2021
6 6 E E K
1662 Fund (a) 258,215 98,696 1,364 47,254 171 402,630
258,215 98,696 1,364 47,254 171 402,630
(a)
In November		 2019, the 1662 Fund was launched to support fundraising
efforts and a		 Development
Committee with specific Terms ofReference established to oversee development
activity.
the opinion of the Governors sufficient resources are held in an appropriate
form		 for each fund to be applie
ccordance
with		 any restrictions imposed.
5. 1662RESTRICTED FUND
Consolidated and Balance at Incoming Resources Investment Transfers Balance at
School Funds 1 September resources expended gain 31 August
2020 2021
6 K f 6 E
1662Fund (a) 165,589 470,455 859 25,683 160,299 500,569
165,589 470,455 859 25,683 160,299 500,569

TATEMENT OF FREE RE SERVES
2021 2020
(a) Consolidated
Unrestricted
Fund (note 16)
Less value oftangible
fixed assets (note		 8) 22,335,774
~73,644,365		 20,250,656
~74.296.463
Net free reserves 8,691,409 5,955,193
2021 2020
(b) School
Unrestricted
Fund (note 16)
Less value oftangible fixed assets (note		 8) 22,324,826
~73644,365		 20,210,439
~74.29~,463
Net free reserves 8,680,461 5,914,796
Net free reserves represent the amount of the unrestricted fund which is not invested
in tangible fixed
assets and which can be readily converted into cash.
ALLOCATION
OF NET ASSETS
(a)
Consolidated		 Tangible Investments Current Creditors Total
fixed assets
E		 assetsf
Endowed
funds		 2,293,196 2,293,196
1662 Endowed
funds		 315,279 87,351 402,630
1662Restricted
funds		 157,462 343,107 560,569
Restricted funds
Unrestricted
fund		 13,644,365 1,628,711
8,456,933		 6,582
2,333,782		 ~2,099,306 1,635,293
22 335774
Total 13,644,365 12,851,581 2,770,022 ~2,DI9,3D6 27,167,402
(b)
School		 Tangible Investments Cunent Creditors Total
fixed assets
8		 assetsf
Endowed
funds		 2,293,196 2,293,196
1662 Endowed
funds		 315,279 87,351 402,630
1662 Restricted funds 157,462 343,107 500,569
Restricted funds
Unrestricted
fund		 13,644,365 1,628,711
8,456,935		 6,582
2,327,423		 ~2103097 1,635,293
, 22 ,324020
Total 130ll,36~ 12,851,503 2764463 ~3,703097 27,150,514

2021 2020
Turnover 22,972 67,005
Cost ofsales (8,722) (19,964)
Gross profit 14,250 47,041
Administration expenses (3,302) (6,824)
Operating
profit		 10,948 40,217
Retained
surplus		 for the year 10,948 40,217
2021 2020
E E
Current assets
Stock
Debtors 13,412 7,236
Cash at bank and in hand 31,214 62,257
44,626 69,493
Creditors: amounts falling due within one (33,676) (29,274)
year
Net current assets 10,950 40,219
Capital and reserves
Called up share capital 2 2
Profit and loss account 10,948 40,217
Total Equity 10,950 40,219
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12months 12 months 12months 12months 13months
2020 2020 2020 2020 2019
Employees Other Depreciation Total Total
costs
Teaching 7,048,112 924,307 111,736 8,084,155 8,018,173
Welfare 384,788 211,586 12,383 608,758 674,444
Premises 553,830 754,721 689,122 1,997,674 2,166,842
Support 853,246 893,078 103,543 1,849,866 1,725,593
8,839,976 2,783,692 916,784 12,540,452 12,585,052

26.PREVIOUS YEAR INVESTM ENTS
Consolidated
Unrestricted
Funds		 Restricted
Funds		 Endowed
Funds		 1662
Restricted
Funds		 1662
Endowed
Funds		 Total
6 F
Market value at 1 September 2019 5,760,966 2,068,980 2,189,074 10,019,020
Additions
at cost		 1,798,471 324,101 418,321 19,723 344,302 2,904,918
Disposals at market value (1,212,773) (324,101) (418,321) (19,723) (44,279) (2,019,197)
Net Investment
Loss
Transfers		 (525,970)
148.809		 (169,253)
~294.457		 (204,594) (16,623)
145,648		 (41,808) (959,248)
Market value at 31 August 2020 5,969,503 1,605,270 1,983,480 129,025 258,215 9,945,493
Cost at 31 August 2020 5,320,582 1,430,768 1,767,859 170,469 300,023 8,989,700

Consolidated and Balance at Incoming Resources Investment Transfers Balance at
School Funds I September resources expended (loss) 31August
2019 2020
F f f E E E
1662 Fund (a) 309,188 985 41,606 8,180 258,215
309,188 985 41,808 8,180 258,215

Consolidated and Balance at Incoming Resources Investment Transfers Balance at
School Funds 1 September resources expended (loss) 31August
2019 2020
E 5 E E 6
1662 Fund (a) 174,512 480 16,623 8,180 165,589
174,512 480 16,623 8,180 165,589

PREVIOUS YEAR MOVEM ENT OFRES TRICTED FU NDS
Consolidated
and		 Balance at Incoming Resources Investment Transfers Balance at
School Funds 1 September resources expended (loss) 31August
2019 2020
F 6
Hardship (c) 35,597 14,279 (168) (3,328) 46,380
Hoc Age &General
Bursary (d)		 393,876 41,358 (349,014) (17,752) 354 68,822
Kenneth
Naylor (c)		 3,626 159 (18) (339) 0 3,428
Lennon (a) 29,042 1,267 (136) (2,688) 2,631 30,116
Maitland S Herries (a) 952,668 41,833 (22,118) (88,715) 33,566 917,234
OBA Appeal (b)
Prize (a)
Robert Miura (b)		 49,412
0
96,538		 5,717
(9)
6,783		 (3,517)
(2,592)
(8,040)		 (4,213)
(33)
(9,146)		 0
2,634
0		 47,399
0
86,135
School Scholarship (a) 53,962 2,220 (37) (4,923) 3,026 54,248
Semon Homes (a) 121,648 5,118 (5,804) (10,992) 14,273 124,243
Shears Foundation (b) 259,151 9,542 (57,524) (21,614) 0 189,555
Stephen
Davidson		 (b) 47,184 2,996 (39,510) (2,546) 0 8,124
University
Scholarship (a)		 32,302 1,399 150 2,964 5,292 35,879
2,075,006 132,662 488,628 169,253 61,776 1,611,563

Balance at Incoming Resources Investment Transfers Balance at
1September resources expended loss 31August
2019 2020
f f
(aj Consolidated 20,570,520 12,783,398 12,602,089 525,966 24,793 20,250,656
(bJSchool 20,485,815 12,801,098 (12,575,301) (525,966) 24,793 20,210,439

PREVIOUS YEAR ALL PREVIOUS YEAR ALL OCATIO N OFNET ASSETS
(c)
Consolidated		 Tangible Investments Current Creditors Total
fixed assetsf assets
E
Endowed
funds		 1,983,480 1,983,480
1662Endowed funds 258,215 258,215
1662Restricted funds 129,025 36,564 165,589
Restricted funds 1,605,271 6,292 1,611,563
Unrestricted
fund		 14,295,463 5,969,502 1,907,622 ~1,921,931 20,250,656
Total 14,295,463 9,945,493 1,950,478 1,921,931 24,269,503
(d)
School		 Tangible Investments Current Creditors Total
fixed assets assets
E E
Endowed
funds		 1,963,480 1,983,480
1662 Endowed funds 258,215 258,215
1662 Restricted funds 129,025 36,564 165,589
Restricted funds 1,605,271 6,292 1,611,563
Unrestricted
fund		 14,295,463 5,969,504 1,864,556 1,919,084 20,210,439
Total 14,295,463 9,945,495 1912412 ~, 9,49,545224,229,296
The assets ofboth the endowed and restricted funds are heldin the form ofinvestments except for
sundry
bank balances in the restricted Hoc		 Age Appeal and School Scholarship funds.

Reference and administrative
details
Report ofthe Governing
Body
Governance,
Structure
and Management
Objective, Aims and Activities
Public Benefit
Financial Review
Operational
Review
Principal Risks and Uncertainties 14
Statement ofGovernors
Responsibilities		 14
Auditor's
report		 16
Consolidated
statement
offinancial		 activities 19
Consolidated
balance sheet		 21
School balance sheet 22
Consolidated
cash flow statement		 23
Notes to the consolidated
financial statements		 24
Accounting
Policies		 25
Notes to consolidated
statement		 offinancial activities 27
Notes to consolidated
and school balance sheets		 32

Registered office Bradford Grammar School School
Keighley Road
Bradford
BD94JP
Banker HSBC Bank PLC
47 Market Street
Bradford
BD1 1LW
Auditor Saffery Champness LLP
Mitre House
North Park Road
Harrogate
HG1 5RX
Investment advisor Quilter Cheviot
One Kingsway
London
WC2B 6AN
Pension Advisor Oughtred
& Harrison		 Financial Services
Croft House
145 - 147Wakefield Road
Gildersome
Leeds
LS27 7HH
Solicitors Lupton Fawcett
Yorkshire House
East Parade
Leeds
LS1 5BD
Gordons
Riverside West
Whitehall
Road
Leeds
LS1 4AW
VWV
24 King William Street
London
EC4R 9AT

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Note 31August 31 August
2021 2020
Fixed assets
Tangible assets
Investments		 13,644,365
12,851,581		 14,295,463
9,945,493
264g5 g46 24,240,956
Current assets
Stock 45,150 49,205
Debtors 10 479,848 391,624
Cash at bank and short term deposits 2,245,824 1,509,649
2,770,822 1,950,478
Current
liabilities
Creditors: amounts		 falling due within one year 11 ~2,099,300 ~1,921,931
Net current assets/(liabilities) 671,516 28,547
Total assets less current liabilities 27,167,462 24,269,503
Total net assets 27,167,462 24,269,503
Funds
Endowed
funds		 12 2,293,196 1,983,480
1662 Endowed fund 14 402,630 258,215
Total Endowed Funds 2,695,826 2,241,695
Restricted
funds		 13 1,635,293 1,611,563
1662 Restricted fund 15 500,569 165,589
Total Reslrlcled Funds 2,135,862 1,777,152
Unrestricted
Designated
Funds
Unrestricted
Free Reserves		 16
16		 13,644,365
8,691,409		 14,295,463
5,955,193
Total funds 18 27,167,462 24,269,503

t 31August 2 021
Note School 1662 Total 31 August
31 August 31 August 31August 2020
2021 2021 2021
Fixed assets
Tangible assets
Investments		 8
9		 13,644,365
12,378,842		 472,741 13,644,365
12,851,583		 14,295,463
9,945,495
26,023,207 472,741 26,495,948 24,240,958
Current assets
Stock 45,150 45,150 49,205
Debtors 10 500,236 4,467 504,703 410,815
Cash at bank and short term deposits 1,788,619 425,991 2,214,610 1,447,392
2,334,005 430,458 2,764,463 1,907,412
Current liabilities
Creditors: amounts
one year		 falling due within 11 (2103897) (, 19,084)
Net current (liabilities)/assets 230,108 435.455 665,566 ~11672,
Total assets less current liabilities 26,253,315 g03,1gg 27.156,514 24,269,503
Total net assets 26,253,315 903,199 27,156,514 24,229,286
Funds
Endowed
funds		 12,14 2,293,196 402,630 2,695,826 2,241,695
Restricted funds 13,15 1,635,293 500,569 2,135,862 1,777,152
Unrestricted
Designated
Funds
Unrestricted
Free Reserves		 16
16		 13,644,365
8,680,461		 13,644,365
8,680,461		 14,295,463
5,914,976
Total funds 18 26,253,315 903,199 27,156,514 24,229,286

Bradford Grammar
School
Consolidated
Cash Flow Statement
for the year ended 31 August 2021
Notes 31August 31 August
2021 2020
(below)
Net cash inflow from operations 1 1,820,611 714,501
Returns
on investment
and servicing offinance
Investment
income		 469,346 446,446
Capital expenditure
and financial
investment
Purchase
of tangible
fixed assets (note 8)		 (315,832) (232,055)
Proceeds of disposal offixed assets (note 8)
Purchase
of investments
(note 9)
Proceeds from sale of investments
(note 9)		 0
(2,169,166)
931,216		 2
(2,904,918)
2,019,197
Increase/(Decrease)
in cash during the year		 736,175 43,173
Notes to the cash flow statement
1.
Reconciliation
of net incoming
resources to net cash
inflow from operations
Operating
surplus/(deficit)
Net investment
loss/(gain)
Depreciation
charge
Loss on disposal of fixed assets
Investment
income		 2,897,959
(1,668,139)
894,121
72,809
(469,346)		 (565,097)
959,244
916,782
2
(446,446)
(Increase)/Decrease
in stock
(Increase)/Decrease
in debtors
Increase/(Decrease)
in creditors		 4,055
(88,223)
177,375		 (4,014)
(73,891)
~72,D99
Net cash flow from operations 1,820,611 714,501
2.
Analysis ofchanges
in net funds
Cash at bank and short term deposits at start of the year 1,509,649 1,466,476
(Decrease)/Increase
in cash in the year		 736,175 43,173
Cash at bank and short term deposits at end ofyear 2,245,824 1,509,649

UITION FE ES,ASSISTE D PLACES AN D FEE REM ISSION
31 August 31 August
2021 2020
(a) Tuition fees
Gross fees receivable 13,122,990 12,405,787
Less:
Assisted places (690,385) (836,224)
Employees
Third sibling		 discount
and other discounts		 (222,021)
~54,091		 (379,288)
~54,999
12,156,493 11,135,276
Add:
Assisted places financed from restricted funds 486,209 460,397
12,642,702 11,595,673

2. TUITION FEES,ASSI ST ED PLACES AND FEE RE MISSION -Continued
31August 31 August
2021 2020
(b) Assisted places and fee remission
From the unrestricted fund:
Assisted places 204,176 375,827
Employees
discount		 222,021 379,288
426,197 755,115
From restricted funds:
Assisted places 486,209 460,397
486,209 460,397
Total:
Assisted places 690,385 836,224
Employees
discount		 222,021 379,288
912,406 1,215,512
3. OTHER EDUCATIONAL INCOME
31August 31 August
2021 2020
E
Income from school trips 190,196
School meals and catering income 160,044 279,203
Registration,
exam and other fees		 32,424 38,239
192,468 507,638
4. TRADING INCOME
31August 31 August
2021 2020
Confectionery
sales		 14,108
Trading
subsidiary
undertaking		 22,972 67,005
22,972 81,113

VOLUNTARY
INCOME
31 August 31 August
2021 2020
Legacies (unrestricted)
Legacies (restricted)
1662 Legacies (restricted)
Donations
(unrestricted)		 10,000
637
Donations
(restricted)		 28,479 56,045
1662 Donations
(restricted)		 464,269 160,469
1662 Donations
(endowed)		 87,351 300,023
580,099 527,174

(b) Other items included
in School		 Ru nning
Co		 sts

31August 31 August
2021 2020
Amounts
payable to Saffery Champness		 and its associates in respect of
both audit and non-audit
services:
Statutory
audit ofthe financial
statements
Accounting
and taxation services		 14,650
850		 14,080
820
Total payable to Saffery Champness and its associates 15,500 14,900
Hire of plant and equipment
under non-cancellable
operating leases,
(on leases expiring
between
two and five years from 31 August 2020		 42,819 47,776
and 2025)
Depreciation
offixed assets (note 8)		 894,121 916,782
Loss on disposal offixed assets 72,809 2
Net depreciation
ofowned assets (Note 7a)		 966,930 916,784
7. ANALYSIS OF EXPENDITURE (Continued)
(c) Grants and prizes 2021 2020
Funded
from the unrestricted
fund:
Travel and uniform
awards		 6,427 7,203
Other grants and awards 7,490 16,667
13,917 23,870
Funded
from restricted funds:
Music scholarships 15,958 17,640
Other grants and awards 1,266 2,592
17,224 20,232
Total ofgrants and prizes 31,141 44,102

)
Analysis ofemployee costs
2021 2020
Total employee costs:
Wages, salaries and benefits
Temporary
employee costs
National
insurance
contributions		 6,965,312
98,499
698,409		 6,754,034
116,431
689,725
Pension costs 1,321,095 1,279,789
9,083,315 8,839,979

he average
number
of full-time
equivale		 nt
employees
during the		 period was:
2021 2020
No. No.
Teaching —Junior School 12 13
Teaching —Senior School 90 90
Total teaching 102 103
Teaching support
Welfare		 23
15		 21
17
Administrative
support		 20 21
Direct marketing 3 2
Premises 24 24
Total non-teaching 85 85
School total 187 188

31 August 31 August
2021 2020
No. No.
E60,001 -E70,000
E70,001 -E80,000
E80,001 -E90,000
E90,001 -E100,000
E100,001 - E110,000
E110,001 - E120,000
E120,001 - E130,000

IBLE FIXEDASSETS
Freehold
land
and buildings		 Fixtures, plant
and
equipment		 Total
Consolidated
and School		 E
Cost
At 1 September 2020
Additions		 20,726,655
141,860		 3,476,657
173,972		 24,203,312
315,832
Transfers
Disposals		 (80,6~00 ~00,000
At 31 August 2021 20,7870915 3,650,629 24,438,544
Depreciation
At 1 September 2020
Charge for the period
On Disposals		 7,140,879
670,861
~7,791		 2,766,970
223,260		 9,907,849
894,121
(7,791)
At 31 August 2021 7,803,949 2,990,230 10,794,179
Net book value
At 31August 2021 12,983,966 660,399 13,644,365
At 31 August 2020 13,585,776 709,687 14,295,463

Consolidated
Unrestricted
Funds		 Restricted
Funds		 Endowed
Funds		 1662
Restricted
Funds		 1662
Endowed
Funds		 Total
E E
Market value at 1 September 2020
Additions
at cost		 5,969,503
1,523,219		 1,605,270
265,067		 1,983,480
170,617		 129,025
183,215		 258,215
27,047		 9,945,493
2,169,165
Disposals at market value
Net Investment
Gain
Transfers		 (662,826)
1,042,781
584.256		 (136,832)
242,706
~347.500		 (105,402)
309,715
~65,274		 (10,163)
25,683
~170,298		 (15,993)
47,254
~1,244		 (931,216)
1,668,139
Market value at 31 August 2021 8,456,933 1,628,711 2,293,196 157,462 315,279 12,851,581
Cost at 31 August 2021 5,252,691 1,539,828 1,517,279 183,387 327,070 8,820,255

School
Total
E
Market value above 12,851,581
Investment in subsidiary company
(note 4)
Value at 31 August 2021 12,851,583

Consolidated
and		 Consolidated
and		 School Deferred income
E
Balance at 1 September 2020 1,165,414
Amounts released to income earned from charitable activities (1,165,414)
Amounts deferred in the period 1,250,752
Balance at 31 Aug ust 2021 1,250,752

TATEMENT OF FREE RE SERVES
2021 2020
(a) Consolidated
Unrestricted
Fund (note 16)
Less value of tangible
fixed assets (note		 8) 22,335,774
~73,644,365		 20,250,656
~74,295,463
Net free reserves 8,691,409 5,955,193
2021 2020
(b) School E E
Unrestricted
Fund (note 16)
Less value oftangible fixed assets (note		 8) 22,324,826
~73,644,365		 20,210,439
~74,295,463
Net free reserves 8,680,461 5,914,796
Net free reserves represent the amount of the unrestricted fund which is not invested
in tangible		 fixed
assets and which can be readily converted into cash.
ALLOCATION
OF NET ASSETS
(a)
Consolidated		 Tangible Investments Current Creditors Total
fixed assets assets
E
Endowed
funds		 2,293,196 2,293,196
1662 Endowed
funds		 315,279 87,351 402,630
1662 Restricted
funds		 157,462 343,107 500,569
Restricted
funds
Unrestricted
fund		 13,644,365 1,628,711
8,456,933		 6,582
2,333,782		 ~2.099.306 1,635,293
22,335774
Total 13044365 12,051,5S1 277D022 ~2009306 27167462
(b)
School		 Tangible Investments Current Creditors Total
fixed assets assets
E
Endowed
funds		 2,293,196 2,293,196
1662 Endowed
funds		 315,279 87,351 402,630
1662Restricted
funds		 157,462 343,107 500,569
Restricted
funds
Unrestricted
fund
Total		 13,644,365
73,044,305		 1,628,711
8,456,935
12,051,003		 6,582
2,327,423
2,704,403		 ~2703097
~2,103,897		 1,635,293
22 324S26
27156,514,

2021 2020
Turnover 22,972 67,005
Cost ofsales (8,722) (19,964)
Gross profit 14,250 47,041
Administration expenses (3,302) (6,824)
Operating
profit		 10,948 40,217
Retained
surplus		 for the year 10,948 40,217
2021 2020
E E
Current assets
Stock
Debtors 13,412 7,236
Cash at bank and in hand 31,214 62,257
44,626 69,493
Creditors: amounts falling due within one (33,676) (29,274)
year
Net current assets 10,950 40,219
Capital and reserves
Called up share capital 2 2
Profit and loss account 10,948 40,217
Total Equity 10,950 40,219
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12months 12 months 12 months 12months 13months
2020 2020 2020 2020 2019
Employees Other Depreciation Total Total
costs
Teaching 7,048,112 924,307 111,736 8,084,155 8,018,173
Welfare 384,788 211,586 12,383 608,758 674,444
Premises 553,830 754,721 689,122 1,997,674 2,166,842
Support 853,246 893,078 103,543 1,849,866 1,725,593
8,839,976 2,783,692 916,784 12,540,452 12,585,052

Consolidated
Unrestricted
Funds		 Restricted
Funds		 Endowed
Funds		 1662
Restricted
Funds		 1662
Endowed
Funds		 Total
Market value at 1 September 2019 5,760,966 2,068,980 2,189,074 10,019,020
Additions
at cost		 1,798,471 324,101 418,321 19,723 344,302 2,904,918
Disposals at market value (1,212,773) (324,101) (418,321) (19,723) (44,279) (2,019,197)
Net Investment
Loss
Transfers		 (525,970)
148,809		 (169,253)
~294457.
(204,594)		 (16,623)
145,648		 (41,808) (959,248)
Market value at 31 August 2020 5,969,503 1,605,270 1,983,480 129,025 258,215 9,945,493
Cost at 31 August 2020 5,320,582 1,430,768 1,767,859 170,469 300,023 8,989,700

School
Totalf
Marker va/ue above 9,945,493
Investment
in subsidiary		 company
(note 4)
Value at 31August 2020 9,945,495

Balance at
I September		 Incoming
resources		 Resources
Investment
expended
loss		 Resources
Investment
expended
loss		 Resources
Investment
expended
loss		 Transfers Transfers Balance at
31August
2019 2020
f f 6 f f
(a) Consolidated 20,570,520 12,783,398 12,602,089 525,966 24, 793 20250,656
(b)School 20,485,815 12,801,098 (12,575,30'I) (525,966) 24,793 20,210,439
The Unrestricted Fund represents
the general reserves ofthe School, accumulated		 from previous annual
surpluses.
The income from the Breeze Bentley Endowed Fund has been transferred lo lhe Unreslricted Fund.
PREVIOUS YEAR ALLOCATION OF NE7 ASSETS
(c)
Consolidated		 Tangible Investments Current Creditors Total
fixed assets assets
E E
Endowed
funds		 1,963,480 1,983,480
1662 Endowed funds 256,215 258,215
1662 Restricted funds 129,025 36,564 165,589
Restricted
funds		 1,605,271 6,292 1,611,563
Unrestricted
fund		 14,295,463 5,969,502 1,907,622 1,921,931 20,250,656
Total 14,295,463 9,945,493 1,950,478 1,921,931 24,269,503
(d)
School		 Tangible Investments Current Creditors Total
fixed assets
E		 assetsf
Endowed
funds		 1,983,480 1,983,480
1662 Endowed funds 258,215 258,215
1662Restricted funds 129,025 36,564 165,589
Restricted
funds		 1,605,271 6,292 1,611,563
Unrestricted
fund		 14,295,463 5,969,504 1,864,556 ~13.9013 90.08544 20,210,439
Total 14,295,463 9,945,495 1,901,412 ~8,989,084 24,229,206