Registered number: 07697044 ENFIELD GRAMMAR SCHOOL (A Company Limited by Guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018 ENFIELD GRAMMAR SCHOOL (A Company Limited by Guarantee) CONTENTS Page Reference and Administrative Details 1 - 2 Trustees' Report 3 - 8 Governance Statement 9 - 12 Statement on Regularity, Propriety and Compliance 13 Statement of Trustees' Responsibilities 14 Independent Auditors' Report on the Financial Statements 15 - 17 Independent Reporting Accountant's Assurance Report on Regularity 18 - 19 Statement of Financial Activities Incorporating Income and Expenditure Account 20 Balance Sheet 21 Statement of Cash Flows 22 Notes to the Financial Statements 23 - 40 ENFIELD GRAMMAR SCHOOL (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE ACADEMY, ITS MEMBERS, TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2018 Members Mrs R Collis Mr P Collard Mrs A Williams Mr K Barnfield (resigned 31 August 2018) Ms R Stanley-McKenzie (resigned 31 August 2018) Rev Dr S Griffiths (appointed 21 September 2018) Mr C Hide (appointed 21 September 2018) Trustees Mr C Lamb, Headteacher Rev Dr S Griffiths Mr K Barnfield (resigned 20 July 2018) Mr P Collard Ms R Stanley-McKenzie (resigned 20 July 2018) Ms J Garrad (resigned 20 July 2018) Mr P Riddell Mrs A Williams Mr C Hide, Responsible Officer Mr K Altman Mrs R Collis, Chair of Governors Mrs J Woodward Mrs S Melandri Mrs J Jones (resigned 20 July 2018) Ms N Irish Mrs H Ashley-Fraser Mr A Ness (resigned 14 September 2017) Mr S Berkkun (appointed 20 November 2017) Mr S Gilmore (appointed 1 December 2017) Mr G Jones-Owen (appointed 20 September 2018) Mrs V Thompson (appointed 26 September 2018) Mrs T Holloway (appointed 26 September 2018) Mrs D Clayton-Smith (appointed 8 November 2018) Company registered number 07697044 Company name Enfield Grammar School Registered and principal Market Place office Enfield Middlesex EN2 6LN Company Secretary Mrs R Sampson (resigned 20 July 2018) Mrs L Culora (appointed 21 July 2018) Chief Executive Officer Mr C Lamb Leadership Team Mr C Lamb, Headteacher Mr D Alder, Deputy Headteacher (resigned 31 August 2018) Mrs D Burke, Deputy Headteacher Mr S Purrier, Director of Sixth Form Mr Ali Cook, Head of Lower School (resigned 31 August 2018) Mrs E Carberry, School Business Manager (resigned 31 October 2017) Mr M Pieri, KS4 Achievement & Progression Mrs C Holmes, School Business Manager (appointed 21 May 2018) Miss N Faverjon, Assistant Headdteacher (appointed 1 September 2017) Page 1 ENFIELD GRAMMAR SCHOOL (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE ACADEMY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2018 Advisers (continued) Independent Auditors Price Bailey LLP Chartered Accountants Statutory Auditors Causeway House 1 Dane Street Bishop's Stortford Hertfordshire CM23 3BT Bankers Lloyds TSB Silver Street Enfield Middlesex Page 2 ENFIELD GRAMMAR SCHOOL (A Company Limited by Guarantee) TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2018 The Trustees present their Annual Report together with the financial statements and Auditor’s Report of Enfield Grammar School (the Academy, the Trust, or the Charitable Company) for the year ended 31 August 2018. The Annual Report serves the purposes of both Trustee’s Report, and a Directors’ Report under company law. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution The Academy is a Charitable Company limited by guarantee and was set up by a Memorandum of Association on 7 July 2011. The Academy converted on 1 August 2011. The Academy is a Company and under the Academies Act 2010 it became an Exempt Charity on 1 August 2011 when it came into existence. The Academy’s Memorandum and Articles of Association are the primary governing documents. The Trustees of the Charitable Company are also the Directors for the purposes of company law. The terms Trustee, Director and Governor are interchangeable. The Academy was set up to establish, maintain and carry on, for the public benefit, secondary education of boys in Enfield offering a broad curriculum with a strong emphasis on sport. The Academy is commonly known as Enfield Grammar School (the School). Members' liability Each Member of the Charitable Company undertakes to contribute to the assets of the Charitable Company in the event of it being wound up while they are a Member, or within one year after they cease to be a Member, such amount as may be required, not exceeding £10, for the debts and liabilities contracted before they ceased to be a Member. Trustees’ Indemnities Academy insurers encompass all relevant insurance including Trustee third party indemnity provision. Methods, policies and procedures for recruitment, appointment, induction and training of new Trustees Trustees are appointed for a fixed term. The Headteacher is an ex officio member of the Board of Trustees. Parent Trustees and Staff Trustees are elected to office or appointed if there are insufficient candidates offering themselves for election. Foundation Trustees are invited to stand by the existing Foundation Trustees. They are selected from persons who have long standing links and/or association with the School. New Trustees are required to attend a training programme. The induction programme would involve a tour of the School, meetings with students and staff and provision of policy and procedures documents that are appropriate to the role they undertake as Trustees with particular emphasis on the committee work that they will undertake. All Trustees undertake statutory child protection and GDPR training. Structure, Governance and Management The Trustees are responsible for setting general policy, adopting an annual plan and budget, monitoring the Academy by the use of budgets and making major strategic decisions about the direction of the Academy, capital expenditure and senior staff appointments. The Leadership Team consists of: Headteacher : Christopher Lamb Deputy Heads : Dawn Burke David Alder (resigned 31 August 2018) Assistant Headteachers Director of Sixth Form : Simon Purrier Head of Lower School : Ali Cook (resigned 31 August 2018) KS4 Achievement & Progressions : Michael Pieri Teaching and Learning : Nathalie Faverjon School Business Manager : Eileen Carberry (until 31 October 2017) and Clea Holmes (from 21 May 2018) The Leadership Team control the Academy at an executive level implementing policies and reporting to the Board of Trustees. The Leadership Team is responsible for the day to day operation of the Academy, in particular organising staff, resources and pupils. They are responsible for the authorisation of spending within agreed budgets and for the appointment of staff following vetting and safeguarding recruitment process. The Headteacher is the Accounting Officer. Page 3 ENFIELD GRAMMAR SCHOOL (A Company Limited by Guarantee) TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2018 Trustees make up the membership of the following Committees which meet termly: Resources & Management (including Pay and Performance) Committee Standards and Achievement Committee Stakeholders Committee Admissions Committee Strategic Development Committee Trustees also have areas of special responsibilities for Equality and Diversity, the School Council, Health and Safety, Child Protection, ICT, SEND, Stakeholder Engagement, Pupil Premium and Vocational. Individual Trustees are also linked to curriculum areas. The Trustees undertake annual training, in addition to receiving reports from the Heads of Departments at Committee meetings and undertaking suitable training provided by the Local Authority and the School. Related Parties and Connected Organisations Owing to the nature of the Academy's operations and the composition of the Board of Trustees being drawn from local public and private sector organisations, it is inevitable that from time to time transactions will take place with organisations in which a Trustee may have an interest. All transactions involving such organisations are conducted at arm's length and in accordance with the Academy's financial regulations and normal procedures. In furtherance of its stated aims, Enfield Grammar School works in close partnership with various bodies and organisations including, for example, ETSA (Enfield School Teaching Alliance), PiXL (Partners in Excellence), Middlesex University and other further and higher education institutions, the Youth Sport Trust, Tottenham Hotspur Football Club, Middlesex Cricket Club, Football Foundation, British Council, Trinity College, Waitrose and Nuffield Health. The Foundation The Enfield Grammar School Foundation is a separate Trust governed by the Charity Commission and owns the land and buildings from which the Academy operates. Additionally there are limited financial funds which are invested to provide an income which is used in the following ways: • For the maintenance of those at School or for those going on to higher education. • To enable travel in this country or abroad. • For the study of music or other arts and sciences. • To promote education for pupils and former pupils. There are 5 Foundation Trustees: Keith Barnfield Paul Collard Rev Dr Stephen Griffiths Chris Hyde Anna Williams OBJECTIVES AND ACTIVITIES Objects and aims As set out in the Articles of Association, the Academy’s object is to advance for the public benefit education in the United Kingdom: • to establish high quality teaching, learning and assessment; • to provide a full and diverse curriculum and other activities; • to provide