## ## |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||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||m t=l
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CV| ## |||||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| |||||O DO
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c| ## ## ## ||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||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||mON
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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| |||||ID
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I-~|| ## ## ||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**.0**8544||20,210,439| |Total||14,295,463|9,945,495|1,901,412|~8,989,084||||24,229,206| ## ##