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 Child￿n 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 lo￿1 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 othe￿iSe 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 pro￿s1On 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 inte￿al$ 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 classif￿d 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 a￿angement 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 a￿oUntIng 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 agg￿gate 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