Charity registration number 1003916 (England and Walasl Company registratlon number 02625721 ST JOSEPHS SCHOOL NOTTINGHAM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
ST JOSEPHS SCHOOL NOTTINGHAM LEGAL AND ADMINISTRATIVE INFORMATION Trustees V Trafford M Whitaker S Bodill P Hemsley AKel Resigned 0410712024 Resigned 0111112023 Charfty number (England and Wales) 1CK13916 Company number 02625721 Reglstered offlce 33 Derby Road Nottingham NGI SAW Independent examSner Higson & Co (Nollinghaml Limited lthile House Wollaton Slr8et Nottingham NG15GF Bankers Allica Bank Llmited 2-3 Eldon Streèt London EC2M 7LS
ST JOSEPHS SCHOOL NOTTINGHAM CONTENTS Page Trustees report Independent examinerts report 10 Statement of financial activities 11 Balance sheet 12-13 Statement of cash fiov 14 Notes to Ihe financial statements 15-24
ST JOSEPHS SCHOOL NOTTINGHAM TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present Iheir annual reporl and financial statemenls for the year ended 31 August 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes 1 to the financial statements and comply wilh the charitable company's goveming document. the Companios Act 2006 and "Accounting and Reporting by Charities.. Slalement of Recommended Praciice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102)" las amended for accounting pefiods cornmencing from 1 January 2016) Objectives and actlvltles Our Obje¢tives The objectives of the School and Nursery are the advancement of educalion linduding social and physical training) of children of all genders from 9 months lo 11 years. Our objectives are set lo reflect our educational aims and the elhos of Ihe School. It is importanl to U5 that we maintaln and enhance the academic success of the School. This objective is, however, set in the contexl of the broader goals we sel for the School and its pupils. In selling ouf objectives and planning our activilies our Trustees have given careful conslderation to the Charlly Commission's general guidance on public benefil and in particular lo its supplementary public benefit guidance on advancing education and on f8e-chargin9. Our key objecllve$ for th8 y8ar includ8d- To broaden and exlend our academic currlculum; To enhance and Improv6 the co-curricular provision for pupil3- To continue to d8velop the first dass pa$tor81 care we provide for pupS18: To increasè pupS1 numbers in our Nursery and Primary School; To provide conlinulng support of our pupils 8Sready In receipt of fee assislance Ihrough bursaries., To increase the provision of means lesled bursary places.
ST JOSEPHS SCHOOL NOTTINGHAM TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Our Alms We aim, through our Nursery and Primary School, to provide first class care and educalion to children of all genders from the ages of 9 months to 11 years. We seek to provide a struclured educational environment that develops our puplls, capabililies. compelences and skills. We promote the academic, moral and physical development of our pupils through our academic curriculum, pastoral care, sporting and other activities. We provide an educational environment where each student can develop and fulfil their polenlial, building Iheir self- confidence and embedding a desire to contribute to thè wider community. In so doing, we prepare our pupils for the opportunities, responsibilities and experience of later life. Our Vision To enable our chlldren to excel in an ever changing world. To promote a thirst for learning and lo walk lall wlth re611ience, confidence and understanding in an increasingly diverse society. Our ethos is "Self-belief brings Lasting Success" Our Mlssion At Sl. Joseph's School we provide a positive. family environment, in which Childn can develop the optimum skllls and altitudes required lo become effective lifelong leamers. As an independent primary school and nursery we offer an innovalive, nurturing approach lo educallon In sllmulaling setllng. We have high expeclalions for every child. Through our Chrlsllan ethos and traditional values, we encourage everyone to love, respect and understand themselves, others and the diverse world in which we live. Our Values Ilncludlng Britlsh Values) Al St Joseph's we promote and teach a set of ¥alu8s lo our pupils that wlll ensure they dèvelop the skills to be good citizens of the fulure. These values are Intetwoven inlo the curTiculum and through effedive teachlng, In order to develop improved social and emotional skills Ihat will positively affect learnlng and behavlour. These values are- Cooperation Responsibility Individualily Peace Respect Ilncl. self-respect) Love and compasslon Tolerance and Understandlng Honesty Klndness British Values democracy. the rule of law. Individual liberty. mutual respeGt for and tolerance of those with different faiths and beliefs and for those without faith. . Good manners These values should be seen in Ihe context of a thole. Th8y are not in rank order and aro all of equal importance.
ST JOSEPHS SCHOOL NOTTINGHAM TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Our Ethos, Strategy and Policies Our Truslees are responsible for setting a slrategy for achieving the objectives they have set. The focus of our strategy is on Ihe development of our pupils. their continued high levels of acadèmic and co-curricular achievement and to further widen access to Ihe education our School provides. In taking fotward our strategy we.. Review and benchmark the School's academic syllabus. teaching pradices and examination results,. Ensure Ihe range of ccpcuiricular activities available lo our pupils is stimulating and challenging: Invest in technology and the infraslnjclure of our School: Co-operate and share Tesources with lo1 schools; and Continue lo review and develop our methods for awarding bursaries and scholarships lo ensure wider access to pupils from all backgrounds. Our ethos: a caring School Serving our local community and society Sl Joseph's School is a charitable trust which seeks to benefil the public through Ihe pursuit of its slated aim5. Our fees are set at a level lo ensure Ihe financlal viability of the School and at a lev81 that is consistent with our aim of providing a first-class educalion to boys and girls. Our School welcomes pupils from all backgrounds. To admit a pro¥Jective pupil, we need to be satisfied that our School will be abl8 to educate and develop a prospective pupil to Ihe best of their potential. in line wlth the general standards achieved by their peers. An individual's economic status, gender, ethnicity, race or religion do not form part of our assessment processes. We are an equal opportunity organisatlon and are committed to a worklng envlronment Ihat is free from any form of discrlmination on the grounds of colour, race, ethnicity, religion, sex. sexual orlentalion or disability. We wlll make reasonable adluslments to meet the needs of staff or pupils who ar8 or become disabled. Our School Is committed to safeguarding and promoling the welfare of our puplls and expects all staff and volunteers to share this commitment. Parent$ are given regular information aboul their children's social and academic progress through parent evenings in addition to the tradttional end of year reports. We maintain regular contact wllh parents throughout the year through infom)al contacts and through our newsletter. Chlldren are provided educallon in various rellgious faiths and the school is proud of its multl-cultural outlook, which is in keeplng with ils ethos of eliminating any form of discrimination and true lo its traditional heritage. Access Pollcy 11 is important to us that access to the educatlon we offer is nol restricted to thos& who can afford our fees. We belleve our pupils bènefit from leaming within a diverse community. A great deal of learning occurs through social interaction, conversation and shared experiences which helps our pupils develop an undèrstanding of the perspectives of other people that will be vital in their adult lives. Our bursaries conlribute lo a widening of access to the education we offer and the facilities we enjoy. Bursary Pollcy The Trustees view our bursary awards as important in helping to 8nsure children from famSlles who would otherwise not be able to afford the fees can aGGess the education we offer. Our bursary awards are available to all who meet our general entry requirement5 and a made solely on the basis of parental means or lo relieve hardship where a pupil's education and future prospects would otheiSe be at risk for example in the case of redundancy. In 8ssessing means we take a number of factors into consideration including farnily income, investments and savings and family circumstances for example dependent relatives and the number of slblings. However, our School does not have a largè endowment and in funding our awards we have to be mindful that we must ensure a balance belween fee-paying parents, many of whom make considerable personal sacrifices to fund their child's education, and those beneflling from the awards. The bursary awards range from 5Yo to 30% remission of fees.
ST JOSEPHS SCHOOL NOTTINGHAM TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Other Pollcles on Asslstance Famlly d15counts poll¢y To underline the value we place on continuity for families, we offer discounts where parents have more than one child at the School. Asslstan¢e for our teachlng staff As part of our emphasis on attracting and retaining high calibre staff. (We offer a discount scheme where staff members choose lo educate their children at our School). The School's nursery provides care to children regardless of economic background including low income families as part of ils participation in the governmenl non means-tested Earfy Years Entitlement Scheme and the means- tested funding al 9 months and at 2 years old. The School is also commilled to enhancing access lo the facllilies of ihe School for the benefit of the local community and public generally. Slgnlfl¢ant activitles The principal actlvity of the charily in the year under revlew was that of the pros1On of nursery and primary education. The average number of full time equlvalent pupils enrolled at the end of each term comparison is as follows:_ Term 19120 20121 21122 22123 23124 Autumn 116 112 99 86 105 SpTlng 116 123 95 Summer 112 104 107 87 91 In the financial year to August 2024 the Nursery provided care to children règardless of economic background including low Income families as part of ils participation in the government non means-lesled Early Years Entitlement Scheme. The Nursery is validated and can accept means tested children from 9 months as part of the Government Grant Scheme. The Local Authority deem the Nursery to be a good setting allowing us lo offer extend8d funding for Iwo year olds. In the main school, the value of means tested bursaries and scholarships lotaled £49,171. They provided assistsnce lo and average of 19 of our pupils. Achlevements and perfomian¢• Academic Achlevements All our Year 6 children who were entered for Secondary Independent School Entrance Examinatlons were offered plaGes at secondary schools of their choice. Internal examinations in Literacy and Numeracy take place twice yearly. Reading and spelling tests are carried out at least annually as are nationally accredited vevbal and non-verbal reasoning tests. All outcom6s are assessed vla pupil progress meetings with the Head Teacher, Teacher in charge of Assessments, SENDCO where necessary and Class Teacher. Parents are advisèd of outcomes and are invited lo attend regular reviews of children who have an Indivldual Provision Map11PM). Inlerim and Annual Reports are sent lo parents. Formal Parent Teacher Consultations are carried out twice yearly and an annual writt8n report with 8 further optional consultation is available at the end of the academic year. We also operale an 'open doo¢ policy to see parents at any appropriate lime oulside of these.
ST JOSEPHS SCHOOL NOTTINGHAM TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 During the year pupils al St. Joseph's took part in all or some of the following activities.. Annual prize giving held at New College Nottingham Annual Inter-Housé Sports Oay held at Lenton Park Carol Concert held in School Carol Singing at Canning Circus lights swilth on HaNesl Festival- gym PTA Film nights World Book Day Children in Need A residential at Wa16sby Forest. Walesby. Newark. Sports Week Potted Sport Partlclpatlon In Sport Our children look part in a variety of sporting activities mainly in school due to the pandemic - Archery, Dodg8 Ball, and Foolball along with weekly PE Lessons. We have an annual whole school and nursery sports day which was held at our local park and a potted Sports Day was held in school. School Outlngs Chlldren Ihroughoul the nursery and maln school have visited many educational settlngs to enhance Ihelr learning. Each year the maln events would include.. Annual Residential to Hagg Fami. Hope Vallèy. Derbyshire (Juniors) Notllngharn Playhouse to See the Pantomime (Reception to Year 6) Theatre Trlp (Pre-Prepl The children also have regular trips to10¢81 places of Interest indudlng: Nottingham Contemporary Cathedral Nottingham Castle. Nottingham Market Square for the Sl. Patrick's Day Parade, St Georges Day celebrallons, Remembranc8 Day. to visit the 'Bea¢h', and viewing the Christmas Tree and lights. Canning Circus to sing al the Christmas lights switch on. Local shops Stonebridge Farm Random Acts of Klndnes5 throughout advent Local Police Station Visit Local fire station Pirates Soft Play Cenlre Clay Creators- lunchtime Cookery Club- lunchtime
ST JOSEPHS SCHOOL NOTTINGHAM TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charlty Work Throughout the year children from the nursery and school have been involved in fundraising by taking part in the 'Big Toddle. to raise money for Barnardo's. Harvest Festival for the Canaan Trust. Children in Need. Sport Relief, Macmillan Coffeo Morning. Red Nose Day, Think Pink - cake sale, Christmas Jumper Day and Pyjama Day for the Homeless. The Arts Music, Drama and Dance continue lo thrive, we have w8ekty dedicated art lessons across Ihe school. A musi leacher continues lo develop this subject within the school and an independent teacher also attends school to leach piano. The childr8n took part in our Annual Carol SeNice. Nalivity Plays, Choir and Ihe Derby Road Lights Switch on to sing Carols. Children lake Drama lessons in school in preparation for ourAnnual Prize Giving and Productlon night. Extra Currlcular Actlvlties A number of lunch lime and after school clubs continue to be popular Including.. Football Coaching, Recorders, Archery Club. Rattle & Roll Music & Dance. Slnging Club and School Council. Rellglous Aspect The children receive religious input wéekly during our nomial assernblies. they also perform their own class assemblie5, regular vlsils from Mike and Bob ol Tolon Churches take place throughout the year. We held our annual Carol concert and all age groups performed adaptations of the Nativity. Flnanclal revlew Flnan¢lal po$ltlon The Trustees regularly revlew Ihg managemenl accounts. New budgets are b8ing sel and spend 8gainsl budget together wilh review against quarterty managemenl accounts. There is a continuing programme of iefurbishmènt, development and Investment lo maintain excellent teaching facilities for our pupils as needs arise. The Trustees conslder that given the charity's balance sheel, the cash flow from student rolls. the ongoing popularity of our School. and the available banking facility that Can be called upon if need arises, that there is a need to build up a free r&serve as mentioned above. The Trustees recognise that the level of reseNes flucluales during periods of investment in the School and the arrangemenls with our bank are in place to provide an adequate 'safety nel, should it be required. No Trustee or person connected wilh a Trustee received any benefit from means tested bursaries lo our puplls. Prlnclpal fundlng sources The school is principally funded by fees charged for places. Roseryes pollcy The school has funds In reserve of £852.954 at 31 August 2024 (2023- £886.942). It is the pollcy of Ihe sGhool to Increase its cash and relatlvely liquid equity to £50.000 within the next five years. Once that ha5 been eslablishod. then any stjrplus would be invested in enhancing sthool facilitiès. The results for the year are sel out In the annexed financlal statements.
ST JOSEPHS SCHOOL NOTTINGHAM TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Rlsk management The Trustees are responsible for the overseeing of the risks faced by the School. Detailed considerations of risk are delegated lo the Headmaster. Risks are identified, assessed and controls e5tabli5hed throughout the year. A formal review of the charity's risk management processes is regular undertaken. Through the risk management processes established for Ihe School. the Trustees are satisfied that the major risks identified have been adequately mitigated wherè necessary. 11 is recognised that systems ¢an only provide reasonable bul not absolute assurance that major risks havè been adèqualely managed. Future plans The Trustees intend lo continue their current strategies of maintaining the School's posltion in a competilive market by invesllng lo provide high quality education for our pupils. Achieving a high standard of academic results Is a Conslanl alm whilsl maintaining the breadth and depth of the education provided. Our future plans are financed primarlly from fee income. The Trustees need to maintain an equitable balance ensuTing our current pupils benefit whilst, al the same lime, ensuring a sound infraslructure and financial base are preserved for the next generation of pupils in the same way as our current pupils benefit today from the inveslfflenl made in the past. The Trustees view our bursary awards as important in widening access to the education our School provides. The Trustees have reviewed our Bursary Awards pollcies to ensure that able children can accepl offers of places at our School through the availability of means-tested fee assistance. A partlcularly Important issue has been review of the earnlng thresholds applied lo our bursary awards. Mainlalning and, where necessary, developing the fabric and facilitiès of the School are cèntral lo our strategy. Environrnental issues are also a high piiority and we are seeking the more efficient use of water and supporting local recycling Inlllalives. Developments and Malnlenance Plan5 to replace the healing in stages throughout the school is ongoing. Staff continue lo develop professionally by attending courses run by Schools Services and In-house training. All staff attend and participate in regular staff meetings. during which various issues are discussed, including reviewing children's progress. review of s¢hool policies. planning for future aclivilies and developments within school. We continue to employ contract cleaners who are responsible for deaning throughout the school and nursery. Our Site Manager is responsible foi day lo day routine mainlenance. We have a number of contractors who we can call upon for spectfic area5 - electrical- plumbing- buildings. A rolling programme of redecoration is in place. Pest control procedure3 are in place. fire Safety equipment is annually tesled and maintained and all olectrical equipment is PAT tested annually. An Annual Health and Safety Inspection lakes place. Our FI Evacuation Procedures are regulaily Ghecked and updated. Risk Assessments are regularly out and reviewed by the Trustees and ISI. ISI Inspection An Independent Schools Inspection {ISI) was caThied out at the beginning of February 2023. All work from Ihe previous action plan has been carried out and approved. The key findings were Ihgt the qualily of the pupils. academic and olher achievements is good and the School fully meets the standards of the compliance Schedule to the Education Regulation5 {20181. the requifements of the statutory framework for the Early Years Foundation Stage, and associated requirements, and no fvrther aclion is required as a result of the inspection. The Inspection found that the overall effectiveness of the Early Years provision is good with elements of excellant and the quality of the pupils. academic and other achievements is good also wilh elements of excellent.
ST JOSEPHS SCHOOL NOTTINGHAM TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Structure, governance and management The charity is controlled by ils governing documenl, a deed of trusl, and constilules a limited company, limitsd by guarantee, as defined by the CompaniesAct 2006. St Joseph's School Nottingham, ("Ihe School") is a company limited by guarantee not having a share capital and is exempl under secllon 60 of the Companies Act 2006 from the requirement lo use the word limited as part of the company name. The company regislralion number is 02625721. The School is also a registered charity and is governed by the Memorandum and Artides of Association and the School Instrument of Government. The charity registration number is 1003916. The address of Ihe principle office which is also the registered office is 33 Derby Road, Nollingham. NG15GF. The trustees, who are also the diredors for the purpose of company law. and who served during the year and up to the date of signature of the financial slalemenls were.. P Hemsley (resigned during the Yearl A Kelly (resigned during the Year) S Bodill V Trafford M Whltaker Recrultment and appointment of trustees The Governing body requires breadth and depth of éxperience to carry out 11$ duties effectivety and efficiently, When recruiling new govemors. who are also the Charity Trustees. the important allribute is a passion for the work of our School and an understanding of education as a holistic and rounded experience of personal growth. Under the School's Articles the majority of the Trustees should follow the Roman Catholi¢ faith. However In the last 10 years there have been occasions when there have been either no Roman Catholic Trustees or they have comprlsed a minorlly of the board. Where possible the Trustees ¢onsider that the skills and expertence of the Board should comprise the following.. A Trustee with a legal background. A Trustee with a financiallaccounting background. A Tru51ee with education experiencè. A Trustee with senior managerial or business experience. A Trustee with experience of equal opportunities or disability needs. At least one fernale Trustee and al least one male Trustee. One Trustee may have one or more of these skills. Head teacher delegated wlth day to day management Matthew Davies Organlsatlonal structure The articles of association provide for a minimum of four ITUStees. and a maximum of 12. to ensure ttte board can have access lo a wide range of expertise as appropriate for the strategic development of Ihe school. The articles providé that Ihe majority of the Truslees shall be of Roman Catholic faith. Truste8s' meetings are held al regular inteal$ during the year. At Ihese meeting5, the trustees agree the broad strategy and areas of activity for the school in relalion to financial planning, risk management, policies and procedures and so on. Thè day lo day administration and managemenl is delegated lo the Head Teacher who is supported as required by Ihe Trustees. Organisatlonal Management The Trustees determine the general policy of the School. The day to day running of Ihe School is delegated lo the Head Téacher. supported by senior staff. The Head Teacher undertakes Ihe key leadership role overseéing educatlonal, pastoral and adminislralive funclions in consullalion wilh the senior stsff. The day to day administration of both the Nursery and School is undertaken within the policies and procedures approved by th8 Trustees which provide for any significanl expenditure decisions over £5,000 and major capital projects are referred to the Trustees for prior approval. The Nursery Manager oversees the Nursery Department. Th6 Head Teachef oversees the recruilrnenl of all educational staff and the recruitment of adminlstralive and non-leaching support slaff. The Head Teacher is invited lo attend Trustees, meetings.
ST JOSEPHS SCHOOL NOTTINGHAM TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Inductlon and tralnlng of new trustees New Trustees are provided with an induclion pack of relevant literature. Induclion meelings with other trustees and members of staff are afranged as appropriate. Should any requirements for training be identified, suitable courses can be arranged for the new Trustee as appropriate. Key management remuneration Sl Joseph's School scales of pay are determined by Ihe Board of TTUStees. It is the policy of the School lo revlew rates of pay al least once a year and to make the illcfements which reflect the professional qualifications of Sts staff and their length of seT¥iCe. The Trustees Report was approved by the Board of Truslees. Whltaker Trustee Dated: 24 January 2025
ST JOSEPHS SCHOOL NOTTINGHAM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST JOSEPHS SCHOOL NOTTINGHAM I report to the trustees on my examination of the financial statements of St Josephs School Nottingham (the charitable company) for the year ended 31 Augusl 2024. Responslbllltles and basls of report As the trustees of the charitable company (and also its directors for the purposes of company lawl. you are responsible for the preparation of the flnancial statements in accordance wilh the requlrements of the Companies Act 2006. Having satisfied myself thal Ihe financial slatemenls of the chaTilable company ale nol qUired lo be audiled under Part 16 of the Companies Act 2006 and are eligible for independenl examlnalion, I report in respect of my examination of the charitable company's financial statements carrled out under section 145 of the Charllies Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(51(bl of the Charities Act 2011. Indepandent examlnerfs statement Since the charitable company s gross income exceeded £250.000. the independent examiner must be a member of a body Iistgd In section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of Ihe Institute of Chartered Accountants In England and Wales. which Is one of the listed bodies. I hav8 completed my examination. I confimi Ihal no matters hav8 come lo my allention in connection wilh the examination giving me cause to believe Ihat in any material respect.. 8ccountlng records were not kept in fespect of the charitable company as Tequired by section 386 of the Companies Ad 2008. the financial stalemenls do not accord wlth Ihose records; or the financial statements do not comply with the accountlng requiremenls of section 396 of the Companles Acl 2006 other than any requirement Ihat the financial statements glve a twe and fair vlew, which 1$ not a matter considered as part of an independent examination-, or the financial statements have not been prepared in accordance with the methods and prin¢lples of the stalemenl of Recommended Praclice for accounting 8nd reporting by charities applicable lo charilies preparing their financial slalements in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other malters In conneciion with Ihe examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial stalement5 lo be reached. Higs Co (Nottlngham) Llmlted While House Vvollaton Street Nottingham NG1 5GF 24 January 2025 10-
ST JOSEPHS SCHOOL NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted funds general Materlal funds proporty fund 2024 Total Unrostrlcted funds general Material fund$ property fund 2023 Total 2024 2024 2023 2023 Notes Income from.. Charitable activities Charitable income 925,979 925,979 927,170 927,170 Total Income 925,979 925,979 927,170 927.170 Expendlturo on: Charltable ivilies Chartiable activltles 947.118 11.946 959,064 877,745 11,946 889,691 Other expendllur8 2,284 2.284 4,908 4,908 Total expendlture 949.402 11,948 961,348 882.853 11,946 894,599 Net Incomel{expendlturo1 and movement In funds (23,423) (11,946) {35,369) 44,517 111.946) 32,571 Reconclllatlon of funds: Fund balances al 1 September 2023 458.209 430.054 888.263 413,692 442,000 855,692 Fund balances at 31 August 2024 434,786 418,108 852,894 458,209 430,054 888.263 The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. 11
ST JOSEPHS SCHOOL NOTTINGHAM BALANCE SHEET ASAT31 AUGusf2024 2024 2023 Notes Fixed assets Tangible assets 773.267 803,944 Current assets Oeblors Cash al bank and in hand 10 240,134 17,554 195.336 527 257,688 195.863 Credltor3'. amounts falllng due wlthln one year 12 (150.060) {78.053) Nel current assets 107,628 117,810 Total assets less current liabilltles 880.895 921,754 Credltor8.' amounts falling due after mora than one year 13 128,0011 133,491) Net as8ets 852,894 888,263 Income funds Unreslricled funds General unrestricted funds Revaluation reserve 434,786 418,108 458,209 430,054 852.894 888,283 852.894 888,263 12-
ST JOSEPHS SCHOOL NOTTINGHAM BALANCE SHEET (CONTINUED) ASAT31 AUGUST2024 The comp8ny is enlltled to the exemption from the audit requirement contained in seclion 477 of the Companies Act 2006, for Ihe year ended 31 August 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of finanual statements. Thè members have not required the company to obtain an audit of its financial statements for Ihe year in question in accordance with section 476. These financial statements have been prepared in accordance with the provlsions appllcable to companies subjecl to the small ¢ompanies regime. The financial statements were approved by the Trustees on 24 January 2025 M Whitaker Trustee Company reglstratlon number 02625721 13-
ST JOSEPHS SCHOOL NOTTINGHAM STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes Cash floYA from operallng actlvltles Cash generated from operations 19 42,775 26,285 Not cash generated from Investlng actlvlties Flnanclng actlvltles Repayment of bank loans (19,942) (45.837) Net cash used In flnan¢lng aetlvStles {19,942) 145,837) Net increa8elldecrfrasol In cash and cash equlvalonts 22.833 (19,5521 Cash and cash equivalenls at beginning of year (5.278) 14,274 Cash and cash equlvalents at ond of yèar 17.554 {5,2781 Relatlng to: Cash at bank and in hand Bank overdrafts included in creditors payable wSlhln on@ year 17.554 527 (5,805) 14-
ST JOSEPHS SCHOOL NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng poll¢ie8 Charlty infonnatlon Sl Joseph5 School Nollingham is a private company limited by guaranlee incorporated in England and Wales. The registered office is 33 Derby Road. Nottingham. NG15AW. 1.1 Accountlng convention The financial statement5 have been prepared in accordance with the charitable company's memorandum of artlcles of association, the Companies Acl 2006 and 'Accounling and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the FlnancSal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). (as amended for accountlng periods commencing from 1 January 2016). The chaTilable company is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional Currency of the charitable company. Monetary amounts in these financial statements are rounded to Ihe nearest £. The flnancial slatemenls have been prepared under the historical cosl convention. The principal accounting policies adopted are sel out below. 1,2 Golng concern At the time of approving the finandal statement$. the trustèes have a reasonable expectation th91 the charitable company has adequate resources to continue in operational exSst8nce for the foreseeable futurè. Thus the trustees continue lo adopt the going concem basls of accountlng in preparing the financial slalemenls. 1.3 Charltable lunds Unrestrlcted funds are available for use al the discretion of Ihe trustees in furtherance of Iheir charitable objectives unless the funds have been designated for other purposes. There is an unrestricted reseNe known as the "Property Fund" which relates lo the initially valued land and buildings. Each year. Ihe excess depreclation on the initial valuation is transferred from th8 property to the general fijnd. Reslricled funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses ol the restricted fvnds are set out in Ihe notes to the finan¢ial stalements. 1.4 Income Income is recognised when the charitable company is legally entilled to il after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will b8 recelved. 1.5 Expendlture Expenditure is accounted for on an accruals basis and has been classifd under headings that aggregate all cost related to the category. Where costs cannot be directly attribuled to particular headings, they have been allocated lo activities on a basis consis18nt with the use of resources. 1.6 Tanglble flxed assets Tangible fixed assets are inltiaNy measured at cost and subsequently measured at cost or valuation. nel of depreciation and any impairment losses. 15-
ST JOSEPHS SCHOOL NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles IContlnued} Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the lollowing bases= Freehold land and buildings Property Improvements Plant and equipment 2% on valuation 1 Oyo on reducing balance 20Y¢ on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference betwe@n the sale proceeds and the carrying valuè of the ass6t. and is r8cognised in the statement of financial activilies. Freehold land and buildings were initially valued to Iheir open market value by the trustees in November 2005, This valuation is being depreciated over 50 years. The value of the property in excess of ils historical cost created by Ihe initial Valuation was credited to an unrestricted reserve called 'lhe property fund" The carrylng value of the land and buildings is reviewed by the trustees each year to ensure that there has been no permanent diminution of value. Should such a diminulion occur. this would be deblt8d to the property fund. 1.7 Impalrment of Ilxed assets At each reporting end date, the charitable company rgVi9ws the carying amounts of ils tangible assets lo deleimine whether there is any indication Ihat those assels have suffered an impairment loss. If any such indication exists. the recoverable amounl of the asset is eslimaled in order to delemine the extent of Ihe impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equlvalenls Indude cash in hand, deposits held at call with banks. other short-t8rm liquid investments wilh original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown wilhin borrowings In current liabllities. 1.9 Flnanclal Instruments Thè charitable company has elected to apply the provisions of Section 11 '88sic Financial Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised In the charitable company's balance sheet when the charitable company becomes party to the conlractual provisions of Ihe instrument. Financlal assets and liabilities are offset, wilh the net amounts presented in the financial statements, when there is a legally enforceable right lo set off the recognised amounts and Ihere is an intenllon to settle on a net basis or to realise Ihe asset and seltie the liability simultaneously. Baslc flnanclal assets Basic financial assets, which indude debtofs and cash and bank balances, are initially measured al transaction price including Iransactlon costs and are subsequenlly carried at amortised c05t using Ihe effective inleresl method unless Ihe aangement constilutes a financing transaction, where the transaction is measured al the present value of Ihe future receipts discounted at a markel rate of interest. Financial assets classified as receivable within one year are not amortised. 16-
ST JOSEPHS SCHOOL NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcSes Iconllnuodl Baslc flnancial liabilities Basic financial liabilities. including creditors and bank loans are initialty recognised at transaction price unless the arrangement conslilules a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a maTket rat8 of interest. Financial liabilities classified as payable within one year are not amortised. Oebl inslrumenls are subsequently carried at amortised cosl. using Ihe effective interest rate method. Trade creditors are obligallons lo pay for goods or services that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wlthin one year or less. If not, they are presented as non-currenl liabililies. Trade creditors are recognised initially al transaction price and subsequently measured at amortised cost Using the effective interest method. Derecognltlon of flnanclal Ilabllltles Financial liabilities are derecognised vthen the charitable company's contractual obligations expir8 or ar discharged or cancelled. 1.10 Employee benellts The cost of any unused holiday entltlement Is recognised in the period in 1¢h Ihe employee's $epiices are rec8lV8d. Termlnation benefits are recognised immedlatety as an expense when the char118ble company 18 demonstrably committed to teminate the employm8nl of an employee or to provide temiination benefits. 1.11 Retirement beneflts The charitable company operales a defined conlribulion pension s¢heme. Contributions payabl8 to the chafitable companys pension scheme arè charged lo the Stalemenl of Financial Actlvitles In the period to which thèy relate. The companies employees belong to one of two principal schemes.. The Teachers Pension Contributlon Scheme for England and Wales (TPS). This is a mulli employer defined benefit scheme. the assets are held separately from those of Ihe school. A NEST defined conlributlon scheme, the assets of which are held separately from Ihose of the company in an independenlty administered fund. Crltlcal accountlng estlmates and Judgements In the application of the charrtable company's aoUntIng policies. the tfuslees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are nDI readily apparent from other sources. The estimates and associated assumptions are based on hlstorlcal experience and other factors Ihat are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basls. Revisions to accounting estimates afe recognised in the period in which the estimale is revised where the revision affects only Ihat period. or In the period of the revision and future periods where the Tevision affects both current and future periods. 17-
ST JOSEPHS SCHOOL NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from charltable activllles Unrestrlcted funds 2024 Unreslrlcted funds 2023 School and Nursery fees Other Income 925,979 923,935 3,235 925.979 927.170 Expendlturo on charltable activltie8 2024 2023 Dlrect cost8 staff costs Depreciation and Impalrment Rales & water Insurance Light & heat School & offlce requirements Bursarie5 & staff discounts Food, cleaning & hygiene School lrip & sport costs Training. inspection & subs¢rlPtion ¢osts Sundry cosls Bank charges & inleresl Bad debts Legal fees Repalrs & renewals 636,802 30,678 7,080 12.676 27,901 40,162 44,405 98,032 11,086 8.434 1,966 4.486 3,492 10.898 13.551 805,583 32,083 8,377 7,216 26,340 34.191 57.864 77,701 11,754 9,457 2.144 2,812 2,978 6,771 951.649 883,071 Share of 8UPPOrt and govemance cost$ {$oe note 5) Support 7,415 8.620 959,084 889,691 Analysi8 by fund Unrestricted funds Unrestricted funds- property fund 947,118 11,946 877,745 11,946 959,064 889.691 18-
ST JOSEPHS SCHOOL NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support costs allocated to activities 2024 2023 Audit and accountancy 7,415 6,620 Analysed between: Audit and accountancy 7,415 6,620 Trustees None of Ihe trustees lor any persons ¢onne¢ted wilh them) received any remuneration or benefits from th& Charitable company for the year ended 31 sl August 2024 nor for the year ended 31 st August 2023. Tru9tee$' expenses There were no trustees, expens85 paid for the year ended 31 sl August 2024 nor for the year ended 31 st August 2023. Employees The average monthly number of employees durlng the year was: 2024 Number 2023 Number Teaching and other staff 36 37 Employment co$tS 2024 2023 Wages and salaries Soclal security costs Other pension costs 548,003 40.253 48,546 520,472 33,056 52,055 636.802 605,583 The number of employees whose annual remuneration was more than £60.000 is as follows.. 2024 Numbgr 2023 Number £60,001- £70,000 The key rnanagemenl personnel of the charity comprises Ihe Trustees. the Head Teacher and the Adminislralion and Finance Manager. The total agggate remuneration and ernployee benefits of the key management personal was £102,32712023= £97,581)- 19-
ST JOSEPHS SCHOOL NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Taxatlon The charity is exempt from laxalion on its aclivilies because aw ils income is applied for charitable puiposes. Tanglble flxed assets Fr¢•hold lan Proporty and tsulldlngs Improvorn•nts Plant and •qulpment Total Cost At 1 Septernber 2023 850,000 159,890 156,643 1,166,533 At 31 August 2024 850.000 159.890 156,643 1,166,533 Depreclatlon and Smpalmient At 1 September 2023 Depreciation charged In Ihe year 111.840 22,368 111,485 4.840 139,264 3,469 362.589 30,677 At 31 August 2024 134,208 116,325 142,733 393,266 Carrylng amount Al 31 August 2024 715.792 43.565 13,910 773,267 At 31 August 2023 738.160 48.405 17,379 803.944 On the 251h Sèptember 2018 the propety was valued by Musson Ligglns of 30 Clarendon Street, Nottingham NG1 5HQ al an open market valuation of £850,000. This is considered by the Trustees lo bè a realistic valuatlon of the property as at the 31st August 2024.. therefore the financlal statements have not been adjusted in the current year lo reflect a change in the markel value. The historical cost of the property was £531,729. 10 Debtors 2024 2023 Amounls falllng due wlthln one year". Trade debtors Other debtors Prepayments and accrued income 216.883 12,200 11,051 177.290 12,200 5,846 240,134 195,336 20-
ST JOSEPHS SCHOOL NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Loans and overdrafts 2024 2023 Bank overdrafts Bank loans 5.805 74,115 $4,173 54,173 79.920 Payable within one year Payable after one yéar 26,172 28,001 46.429 33,491 The bank loans and overdraft are se¢ured by way of a legal mortgage daled 1st February 2016 over the freehold property owned by Ihe school. together with a specifiG ¢harge over the goodwill of the school and a floating charge over all of the school's assets. Th8 mortgage has now been repaid. 12 Credltors: amount8 falling due wlthln one year 2024 2023 Notes Bank loans and overdfafts other taxation and social securty Trade creditors Other credilors AGcTuals and deferred income 11 26.172 15,219 49.321 47.928 11.420 46,429 7,031 8,344 9,266 6,983 150,060 78,053 13 Crodltors: amounts falling due after more than one year 2024 2023 Noles Bank loans 11 28,001 33.491 14 Retlrement b8netit schemes 2024 2023 Deflned Contrlbutlon schemes Charge to profit or loss in respect of defined conlTibution schemes 48.546 52,055 21
ST JOSEPHS SCHOOL NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 14 Retirement benefit schemes (Continued) The School operales a NEST pension scheme for its non-leaching staff. The total cosl to Ihe School was £14,385 (2023- £11.007}. which represenls the contribulions made by the School during the yèar. The School participates in the Teachers. Pension Scheme (England & Wales) {Ihe TPS'I, for ils leaching staff. The TPS is an unfunded scheme and members contribute on a 'pay as you go, basis these contributions along with those made by the employers are credit8d lo the Exchequer. The pension charge for the year includes contributions lo the TPS of £57,566 {2023'. £86,829). Contribulions lotalling £9,66912023 £5.448) were oulslanding to thè TPS at the end of the financial year. The TPS valuation for 31st March 2016. published on the 5th March 2019 delemiined an employer Tale of 23.68% payable from the 1 sl September 2019. {Currently 16.48¥o). A copy of the valuation report and supporting documentalion can be found at: htl s'.Ilwww.leachers sch me- ensions.co.ukl-1medlaldDcumenlslmemberldo ion-201 menlslnews-item ension- Under the deflnitions set out in FRS102, Ihe TPS Is a mulli-employer pension scheme. The School has a¢¢ounted for ils contributions lo the scheme as if it were a defined contribution scheme. 15 Unre8trleted funds The unrestrided funds of the charity ¢omprise the unexpended balances of donations and grants whl¢h are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds whl¢h have been set aslde out of unreslricled funds by the trustees for specific purposes. At1 September 2023 Incoming resources Resources At 31 August expended 2024 General funds 458.209 925,979 (949,402) 434,786 Prevlous year: At1 September 2022 Incomlng resources Resource8 At 31 August expendod 2023 Gen8ral funds 413.692 927,170 (882,653) 458,209 -22-
ST JOSEPHS SCHOOL NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Unrestrlcted funds- property flmd Included within unrestricted funds (note 17) is the property fund which is material to the charity's actlvilies and is made up as follows: At1 September 2023 Resources At 31 August expended 2024 Property fund 430,054 111,946) 418,108 Prevlous year: At1 Soptember 2022 Resources At 31 August expended 2023 Propetty fund 442.000 (11,946) 430,054 17 Analysls of net assets botween lunds Unrè$trlcled funds Materlal funds propèrty fund 2024 Total 2024 2024 At 31 August 2024: Tangible assets Current asselsllliabilities) Long lerrn liabilities 355,159 107,628 {28.001) 418,108 773,267 107,628 (28,0011 434.786 418,108 852,894 Unreslrfcted funds Materlal funds property fund 2023 Total 2023 2023 Al 31 August 2023: Tangible assets Current asselsl(Ilabililies) Long terTn liabilitie5 373.890 117.810 (33,491) 430,054 803.944 117.810 (33,491 } 458.209 430,054 888,263 18 Related party tran$actlon$ There wère no disdosable related party transactions during the year12023- none). -23-
ST JOSEPHS SCHOOL NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 19 Cash generated from operations 2024 2023 IDeficit>lsurplus for the year (35,369) 32.569 Adjustments for: Depreclalion and impairm&nl of tangible fixed assets 30,678 32,083 Movements In wort(Ing tapltal: Ilncreasel in debtols Increasel(decrease) In creditors {44,798) 92,264 (33,941) (4,4261 Cash generated from operallon8 42,775 26,285 20 Analysls of change8 In net (debt)Ifunds At 1 Seplomb•r 2023 Cash Ilows Al 31 August 2024 Cash at bank and in hand Bank overdrafts 527 (5,8051 17,027 5,805 17,554 (5,278) 22,832 17,554 Loans falling due wilhln one year Loans falling due after mor8 than one year (40,624) (33,491) 14,452 5,490 126,172) 128.001) (79.393) 42,774 136,619) -24-
ST JOSEPHS SCHOOL NOTTINGHAM The following pages do not form part of the statutory accounts.
ST JOSEPHS SCHOOL NOTTINGHAM DETAILED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestrlcted Unrestricted funds funds general property fund 2024 Total Total 2024 2024 2023 Notes Income from: Charitable activitie SGhool and Nursery fees other income 925.979 925.979 923,935 3,235 Total income 925.979 925,979 927,170 endlture on- Charltabl8 actlvities Slaff cosls Depreciation and Impairment Rates & water Insurance Light & heat School & office requlrements Bursaries & staff dlscounts Food, cleaning & hygiene School trip & sport costs Training. inspection & subscTlPtion cosls Sundry costs Bank charges & interest Bad debts L8gal f&es Repairs & renewals ort and Governance Audil & accountancy cosls 636.802 18,732 7.080 12,676 27.901 40,162 44,405 98.032 11,086 8,434 1.966 4,486 3.492 10,898 13.551 636,802 30,678 7.Ci80 12.876 27,901 40,162 44,405 98,032 11,086 8.434 1,966 4.486 3,492 10.898 13,551 605,583 32.083 6,377 7,216 28,340 34,191 57,864 77,701 11,754 9,457 2.144 2.612 11,946 2,978 6,771 7.415 7,415 6,620 Total charltable expendtture 947.118 11,946 959,064 889,691 Loan interest paid 2,284 2.284 4.908 Total resources expended 949,402 11,946 961.348 894.599 Net lexpendlture)Iln¢ome for Ihe yearl Net movement In funds (23.423) {11,946) (35,3691 32,571