REGISTERED COMPANY NUMBER.. 02598202 (England and Wales)
REGISTERED CHARITY NUMBER:
ort of the Trust888 and
Unaudited Flnancial Stateme
ort
202
for
Ho
eland

Ho
elands Pro
arato Sch
Contents ofthe Fin
ncial Sta
nts
for the Year Ended 31 Au ust 2024
Page
Report of the Trusteès
Independent Exarniner's Report
statement of Financial ActivlUes
Balance Sheet
Cash Flaw Statement
Notes to tho Cash Flow Statement
Notes to the Flnan¢lal Statements
10 to 15

el nds Pre
ara
School
ort of the Tru$tèes
for the Year Ended 31 Au
ust 2024
The trustees who are also directors of the charity for the purposes of the Companiès Act 2006, present their report with
the financial slalements of the charity for the yeai ended 31 August 2024. The Iruslees have adopted the provlslons of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021
(effective 1 January 2019).
Page 1

I dsPre
arato
ort of the Trustees
forthe Year Ended 31 Au
ust 202
OBJECTIVES AND ACTIVITIES
Objectives and aims
Charitsble ObJp¢ts
The Objects of the Charity are set out in the Memorandum of Association and are "to promote and provide for the
advan¢ement of education (including social and physical training) and in connection therewith to conduct carry on
acquire and develop in the United Kingdom any School or sGhools for the education of children of either sex or sexes.
Within these Qbjecls. the Charity holds restricted and unrestricltsd funds for special purposes in connedion with the
development of the schools, facilities, for bursaries and other educational purposes.
Publlc Benefit Aims and Intended Impact
Within these Objects the Charity's public benefit aim is to provide a first class independent education. both through
strong a¢8demiG luilion and through developing wider 5PQrting. artistic and social skills in all ils pupils who are belween
the age of 3 and 11. This is intended to provide an envirollment where each pupil can develop and fulfil his or her
potential thus lo help build self-confidence and inspire a desire lo contribute lo the wider community. In the furtherance
of these aims. the Governors, as the chaiity trustees, have complied with the duly in S,4 of the Charities Act 2006 10
ave due regard lo the Charity Commission has published general and relevant subsector guidance con¢eming the
operation of the Public Benefit requirement under that Act.
Objectives for the year
Hopelands has always taken great pride in its ropulation and continued success in students progressing lo local
grammar schools at the same lime helping and supporting students into bolh the Independent and state sector schools.
Therefore our continued focus will be lo..
1. Achieve aGademlc excellence for all pupils including those with SEN
We continue to invest in professional development ensuring that all staff are equipped with the 5ki115 needed lo meet the
stated aims and objectives. In addition, we Continue lo rllainlain a high teacher-lo-pupll ratio, tailoring our curricular and
extra-curricular services as appropriate in eath caso to suit Indlvldual needs.
2. Pupil recruitment and retention
In Ihe Auttjmn 2023, the school's lop priority was the recruitment and retention of pupils inlo the school. In January
2023, the school opened a nursery, whith resulted in a mu¢h-improved outlook for the school, following a difficult 2022.
3. Ensuring school infrastruclLJre supports delivery of oulslanding education (slruclure of the school day, building
classrooms. ICT & digi181 educational strategy, MIS & Office software)-
In September 2022 the s¢hoDI day was extended from 3.30 to 3.45 and a daily individualised leaming programme IIL)
was Introduced. This was based on support, extension ané enrichment and providing further opportunlties for pLJpils lo
excel academically and in their personal development.
Goals and future objectives
The 808rd recognise that the goals set out Autumn 2023 aTe both short, and mediutn-term goals. Future objectives will
therefore be to build and develop on these goals with the addition of the following".
To continue lo provide a warm, caring and slimulatSng environment to enable a nurturing and highly personallsed
education
To continue lo achieve a high first-choice secondary School entry rate
To conllnue to improve internal data analysis lo ensure effectiveness of all inleNentions, and effecllve self-evaluation lo
drive performance and inform decisions
To continue to focus on enhanclng the school currlculum so pupils have access to a.range of additional, valuable
educational experiences
To continue lo piovide individuglised learning based upon successful differentiated teaching, which is sufficiently
challenging for higher attainer5
8ursarigs
Families who are in need of financl81 assistance are Snviled to undergo a means test which will delermlne the level of
as51slan¢e available lo them. In assessing me8ns, the school lakes a number of factors into consideration including
family income, Investments and savings and family circumstances, for example, dependant relatives and the number of
siblings.
Social and cultural welfare
Children from all backgrounds are welcome. The school is non-selective, and children are not required lo undergo an
entrance examination when joining the school although the Head may carry out an assessment to determine a pupll's
educational needs to ensure they can fully benefit from the educational provision at Hopelands. We are an equal
opportunity organisalion and are committed lo a Working environment that is free from any form of discrimination on the
grounds of colour, race, ethnicity, religion. sex, sexual orienl81ion, or disability. We will make reasonable adjustments lo
meet the needs of staff. pupils and visitors who are or become disabled. The school hos a disability and accessibility
plan which aim5 to make the school more accessible lo the disabled.
Page 2

olands Pre
to School
ort of the Trustees
for the Yoar Ended 31 Au
ust 2024
Our school is committed to safeguarding and promotlng the welfare of our pupils,. all staff and volunteers share this
mmitment. Rec9nt ISI inspections praised the provision made for pastoral care.
FINANCIAL REVIEW
Financial review
Total income from Charitable activities for Ihe period was £834,105, compared wlh £644,342 In 2023. This is
predominately due to the opening of the nursery.
The cost of Charitable activities stood at £832.008 {£757,420 in 2023). Overall, generating a net surplu5 of £2,097 la
loss of 113,078 was reported in 20231.
Total bank103ns at year end stood at £378,137 (£403,199 in 2023). This loan is assoclaled with the development of the
new School hall in 2007 and acquisStion of the neighbouring property in April 2012 and converslon lo a single bullding.
The School continuos to benefit from these investment decisions. The bank loans are secured over the charity's
properties, The School also secured the government backed Coronavirus bounce back loan of £50k, which has been
paid off in line with the borrowing slipulalions.
ReseNe$ pollcy
The Trustees have established a policy whereby tho remaining unreslricled funds not ￿MmItted or invested In tangible
fixed assets I'the free reserves,) held by the charity should be between 3 and 6 months of the reSoUr￿S expended. This
policy equates to £190,000 to £380.000 in general terms. Al this level, the Trustee5 feel that they would be able to
Gonllnue the currenl aelivities of the charlly in the event of a significant drop in funding. It would be necessary lo consider
how lo replace funding or our activities changed. At present, the free reserves. which amount lo £146,686, is slightly
b81ow thls range. The Trustees are working to build the reserves level up to thg target policy through a number of
Inltlatlves and will continue lo monitor the adequacy of reserves,
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governance and Management
All trustees give of thelr time freely and no remuneration or expenses were paid in the year. No Governor or person
conneGled with a Governor received eny benefit from either means tested bursaries or schol8rshlps awarded to our
pupil5.
The tnjslees met as a Governing Body seven times durSng the year, to include bul not limited to,. budget approval, pollcy
review. the sthool development plan and finance review.
Govfrrning Document
The charity is controlled by its governing document, a deed of trust, and constitutes 8 limited company. limited by
guarantee. as defined by the Companies Act 1985.
Risk rnanagement
The tpjslees have a duty lo identify and review the risks lo which the charity Is exposed and lo onsure appiopriale
controls are In place to provide reasonable assurance against fraud snd error. The Governors monitor re$e4ve levels by
ensuring controls exist over key financial systems, and by examining the operational and bu5ine55 risks faced by the
charity, they have established effective systems to mitigate Ih05e risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
D2598202 {England and Wales)
Reglstered Charity number
Registered office
38-40 Regent street
Stonehouse
Gloucestershire
GL10 2AD
Trustees
Mr R D James Chair of Governors
Mrs T L Benson BA (Hons) CIMA (resigned 22.3.24)
Ms JR Lawry
Mr R J Biggs Teacher
Mrs L Forsyth HR Business Partner (resigned 31.1.25)
Mr S J Anlrobus (appointed 22.2.24}
Mr B Middlemiss lappoinled 24.5.24>
Mrs B Hoyle lappoinled 24.5.24)
Page 3

lands Pre
arato
School
Re
ort of the Trustees
for the Year Ended 31 Au ust 202
REFERENCE AND ADMINISTRATIVE DETAILS
Company Secretary
Mrs T L Benson BA (Honsl CIMA
Independent Examiner
Mark Powell
Monahans
Chartered Accounlanls
Hermes House
Fire Fly Avenue
Swindon
Wiltshire
SN2 2GA
Approved by order of the board of trustees on
11 Isli
and signed on ils behalf by..
rRDJames-Tru
Page 4

Inde
endent Examiner's Re
ort to the Trustees of
elands Pro
arato
School
Independentexaminer'8 report to the trustee$ of Hopeland8 Preparatory School I'the Company'l
I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
Rèsponslbllltie¥ and basi$ of report
As the Charity's Iruslees of the Company (and also its directors for the purposes of company lawl you are rosponslble fof
the preparation of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 Ad'l,
Having Satisfied myself that Ihe accounts of the Company are not required lo be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried
out under Section 145 of the Charities Act 2011 I'the 2011 Act,). In Carrying out my ex8mination I have followed the
Directions given by the Charity CommissSon under SeGtion 145(51 Ib} of the 2011 Act.
Independent examlnerfs statement
Slnce your charity's gross income exceeded £250,000 your examiner musl be a member of a listed body. l Can confirm
that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accounlanls of
Scotland. which is one of the listed bodies.
I hgve completed my examSnation. l Gonfirm that no matters have come lo my attention in connection with the
examination givlng me cause to belleve:
accounting reGords were not kept in respect of the Company as required by Section 386 of the 2006 Act., or
the accounts do not accord with those re¢ords,' or
the aGGounls do not comply with the accounting requiremen15 of Section 396 of the 2006 A¢t other than any
requirement that the accounts give a true and fair view which is not a matter consldered as part ol an
independent examination., or
the accounls have not been prepared in accordance with the methods and prlnciples of the Stalemenl of
Recommended Pracli¢e for accounting and reporting by charities {applicable to charities preparing Ihelr accounts
in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)).
I have no concerr*s and have come across no other mallers in ¢onne¢lion with the examination lo which attention Should
be drawn Ir7 this report in order to enable a proper underslanding of the accounts lo be re8ched.
Mark Powell
on8hans
Chartered Accountants
Hermes House
Fire Fly Avenue
Swindon
Vviltshire
SN2 2GA
22
Date..
Page 5

Ho
elands Pre
arato
School
Statem
nt of Financial Actlvltle
for the Ye
E d d31Au
ust 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
fund
Noles
INCOME AND ENDOWMENTS FROM
Donations and legaGies
2,236
2,236
7,956
Charitable a¢tivities
Direct Activities
830,619
830.619
636,131
Investment Income
1,250
1,250
255
Total
834.105
834 105
644,342
EXPENDITURE ON
Charitable activities
Direct Activities
Governan￿ Costs
826,875
5,133
826,875
754,270
3150
Total
832 008
832,008
757,420
NET INCOMEIIEXPENDITUREI
2,097
2,097
(113,0781
RECONCILIATION OF FUNDS
Total funds brought forward
795,431
795,431
908,509
TOTAL FUNDS CARRIED FORWARD
797.528
797,528
795,431
Th8 notes form part of these financlal statements
Page 6

elands Pre
arato
Balance Shoet
31Au
ust 2024
2024
Total
funds
2023
Total
fLJnds
Unrestricted
funds
Reslricled
fund
Notes
FIXED ASSETS
Tangible assets
10
1,068,157
1,068.157
1,081,514
CURRENT ASSETS
Stocks
Debtors
Cash at bank
50
12,984
242 673
50
12,984
242 673
50
13,188
150.358
12
255,707
255,707
163,596
CREDITORS
Amounts falling due within ono year
13
(109,0211
1109,021)
(49,6411
NET CURRENT ASSETS
146686
146686
113955
TOTAL ASSETS LESS CURRENT LIABILITIES
1,214,843
1,214,843
1,195,469
CREDITORS
Amounts falling due after more than one year
14
{417,315>
(417,3161
{400,0381
NET ASSETS
797 528
797 528
795 431
FUNDS
Unrestricted funds..
General fund
17
797 528
795431
TOTAL FUNDS
797 528
795 431
Th8 charitable company Is enlltled lo exemption from oudil under Section 477 of the Companies Act 2006 for tho year
ended 31 August 2024.
The members have not required the company lo obtain an audit of ils financial statements for the year ended
31 August 2024 In accordance with Section 476 of the Companies Act 200S.
The trustees acknowledge thelr responsibilities for
la)
ensuring that the charitable company keeps a¢¢ounting records that comply with Sections 386 and 387 of the
Companies AGt 2008 and
preparing financial slatements whlch give a Ifue and fair view of the slate of affairs of the charitable company as
at the end of each financial year and of its surplus or deficit for each financi81 year in accordance with the
Tequiremenls of Sections 394 and 395 and which otherwise Gomply with the requirements of the Companies Act
2006 ￿lating to financial statements, so far as applicable to the charitable company.
{b}
These financial statements have been prepared in accDrdance with the provisions applicable lo charitable companies
subject to the small companie8 regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signed on 11$ behalf by..
D James- Trust
The notes fomi part of these financial slalements
Page 7

Ho elands Pre
ar
to
hool
h Flow Statement
f r the Year Ended 31 Au
ust 2024
2024
2023
Notes
Cash flows from operating actlvltles
Cash generated from operations
Interest paid
159.333
26.4341
(22,7341
21,386
Nel cash provided byl{used in) oporaling activities
132,899
44 1201
Cash flows from investing activities
Purchase of tangib18 fixed assets
Inter85t recelved
116,772)
1,250
(12.8461
255
Nel cash used in investing activities
155221
12.5911
Cash flov￿ from financing actlv5tles
Loan repayments in year
29,105
Nel cash usgd in finanring aGlivitles
25,062)
29,1051
Change in cash and cash equlvalents In
the reporting period
Cash and Gash equivalents at the
beginning of the reportin9 period
Q2,315
{85,816)
150 358
236.174
Cash and cash equiv31onts at thB end of
the reporting period
242,673
150,358
The note5 form part of these flnanclal statements
Page 8

Ho
olands Pre
aralo
chool
Notes to tho Cash Flow Statement
for the Year Ended 31 Au ust 2024
RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net Incomel{expenditure) for the reporting period las per tho
Statement of Financial Actlvitiesl
Adjustments for..
Depreciation charges
Interest received
Interest paid
Decrease in debtors
Increase in credltors
2,097
1113.0781
30,129
11,250)
26,434
204
101719
27,004
(255)
21,386
25,145
Net cash provlded byllused Inl operatlons
159,333
22,734)
ANALYSIS OF CHANGES IN NET DEBT
Ai 1.9.23
Cash flow
At 31.8.24
Net cash
Cash 4t bank
150,358
92,315
242.673
150358
92,315
242 673
Debt
Debts falling due within 1 year
Debts falling due after 1 year
124.961 >
378 2381
{1,332)
26,394
126.2931
351844)
403,199
378 137
Totsl
117,377
135.4641
The notes form part of these financial statements
Page 9

land Pre
arator
Notes to the Finan
ial Statements
f r the Year Ended 31 Au
ust 2024
ACCOUNTING POLICIES
Bas1$ of preparing thg flnanclal statements
The financial slalements of the charitable company, which is a publlc benefit entity under FRS 102, have been
prepared in accordance with Ihe Charities SORP (FRS 102) 'Accounling and Reporting by Charities. Statement
of Recommended Practice applicable to charities preparing their accounts In accordance with the Finan¢ial
Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102> (effedive 1 January 2019),, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern
The trustees assess whether the use of going concern is appropriate i.e. whelher there are any material
uncertainties related to events or conditions that may cast signifirant doubt on the ability of the Gompany lo
continue as 8 golng concern.
The trustees make thls assessment in respeGI of a pefiod of at least one year from the dale of authorisalion for
issue of the financial statements and have concluded that as a result of the above measures the school has
adequate re50ur¢es to continue in operational existence for the foreseeable futu￿ and there are no material
uncertaintles about the school's ability to continue as a going concern, thijs they continue lo adopt the going
oncern basis of accounting in preparing the finanGlal 51atemenls.
Income
All in¢orne is recognised In the Statement of Financlal Activities once the charlty has entitlement to the fijnds, il is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligatlon committing the
charity to Ihal Èxpenditure, 11 Is probable that a tronsfer of economic benefits will'be required in Settlement and
the amount of the obligation can be measured reliably, Expenditure is accounted for on an accruals basis and
has been classified under headings that aggregate all cost rel?led to the fAlegory. Where costs ¢annot be
directly allribuled lo particular headings they have been allocated lo activities on a basls consistent with the use
of resources.
Tangible flxed assets
Depreclalion is provided at the following annual rates in ordèr to write off each asset over Ils estimated useful life.
17% on straight line basis
20019 on reduclng balance
Freehold property
Computer equipment
All fixed assets are Snillally ￿corded at cosL
stocks
Stocks are valued at the lower of cost and net realisable value, after making due allow8n￿S for obsolete and
slow moving items.
Taxatlon
The charity Is exempt from corporation tax on ils Gharitable activities.
Fund accounting
Unrestricted fvnds can be used In accordance with the charilable objectives al the dlscretion of the trustees.
Restricted funds can only be used for partlcular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanatlon of the nature and purpose of each fund is in¢luded In the notes lo the financial stalemenls.
Penslon costs and other post-rotirement benefits
The charitable company operates a defined Contribution pension sGheme. Contributions payable to the charitable
company's pension scheme are charged to tha Statement of Financial Activities in the period to which they relate.
Page 10
continued...

Ho
lands P
arat
School
s to the Flnancial Statements Qontinuod
or the Year Ended 31 Au
ust2
DONATIONS AND LEGACIES
2024
2023
Donations
2,236
INVESTMENT INCOME
2024
2023
Deposit account Interest
1,250
255
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Other incomlng resources
Fees
Activity
Direct Activities
Direct Activities
75,079
755,540
64,613
571,518
830.619
636,131
CHARITABLE ACTIVITIES COSTS
Support
¢ost5 (see
note 61
Direct
Costs
Totals
Direct Activlties
Gov8rnanGe Cost5
724,766
102.109
826,875
724,766
107,242
832 008
SUPPORT COSTS
Govemance
Costs
Management
Finance
Olh8r
Totals
Dlrecl Acliville5
Governance Cost8
13,423
26,747
59.158
2,781
5,133
102,109
13,423
26.747
59,158
107 242
NET INCOMEIIEXPENDITURE)
Not incomel(expendllure} is stated after chargingl(crediling):
2024
2023
Depreciation - owned assets
Independent examlnation fee
30,129
3,300
27.004
3,000
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended
31 Augu512023.
Trustees, expenses
There were no
31 August 2023.
trustees, èxpenses paid for the year ended 31 Augus12024 nor for the year ended
Page 11
continued...

STAFF CO8TS
2024
2023
Wages and salar￿S
Social 3eoJrity costs
Other p&n81C￿ Gosts
509,OC
31,525
78,731
442,573
24,766
77,319
619,265
544,658
The average rnunlhly number of employees during iho yearwa$ 08 follows:
2024
2023
Managemènt
Teachgrs
Olher
13
15
13
26
30
Thg nvmberofemployees whoseemployee beneflts lexcluding empl¢)yerpenslon cosls)exceede¢J £60,OOOw8&
2024
2023
£60,001-£70,OC
The key management pers￿n￿ of the Gharlty ¢omprlse the Trustees and ll)e Headlead)er as listed on page 10.
The total amount of employee beneflts (including ￿p￿yer penson conlribjtions emplO￿T nationd
insurance c0ntdbU￿onS) re¢￿Ved by key management personnd for thelr ser￿ceS to the dwrity during the star
was £108,199 (2023:£92,8001.
10.
TANGIBLE FIXED ASSETS
Freehold
property
Computer
equlpment
Totsls
COST
Al 1 Septsmber 2023
Additions
Disposals
1,262,522
1,032
128,768
15,740
1.391,290
16.772
Al 31 August 2024
142 696
1406 250
DEPRECIATION
Al 1 September 2023
Charge for year
Eliminated on dlsposal
200,715
20,551
109,061
9,578
309,776
30,129
Al 31 August 2024
221
116827
338 093
NET BOOK VALUE
Al 31 August 2024
1.068 IS7
At 31 Augus12023
1061807
1081514
On 12 Decemtrkr 2013 ¢ertaln land and bul>Jlngs were valu&J externally at £1,185.0￿ as et 31 Augusl 2013 by
James Pullin IMRICSI of Bwton Knowbs usiro the Eepreaaled Replacem￿1 Cost bass. This Y81￿￿On w88
used to revejue the land and bulldings in thè ac(tsuntS and on tr￿sItI￿ to FRS 102 has been used as de￿
¢0gL
Page 12
continued.,,

Stato
ents - cont
ust
11. STOCKS
2024
2023
stocks
50
50
12.
DEBTORS: AMOUNTS FALUNG DUE wfiHIN ONE YEAR
2024
2023
Trade debtors
Prepaynents and accnEd inccme
4,328
8,656
6,592
6,596
12,984
13.188
13.
CREDITORS: APIOUNTS FALUNG DUE WIThIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 1 S)
Trade credltors
Other credltr&rs
Accruals and deferred Income
26,293
1,870
3,300
24,961
7.707
4,200
109 021
14.
CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR
2024
2023
Bank loans (see note 15)
other credltors
AocNals and defer￿d Income
351.844
23,609
378,238
21,800
417315
400 038
15. LOANS
An analysls of th$ m8turity of loans Is glven below..
2024
2023
Amountsfalllng due wlthln one yearon demand..
Bank loans
Amountsfalling due b&￿een hvo and five years:
Bank loan8- 2-5 years
84,863
90,008
Amounts falllng due In moro Ihan five years:
Repayable by Instalmenls.,
Bank loans more 5 yr by Instal
266,981
288,230
16.
LEASING AGREEMENTS
Minimum lease paymènts under non-cancellgble operating leases fall due as follows..
2024
2023
Wilhin on8 year
Be￿8&n cn8 arKI fi4p years
1,008
2.462
Page 13
conUnu•d...

17.
MOVEMENT IN FUNDS
Nel
movomenl
In funds
At
31.824
At 1.9.23
Unrèstrl¢ted funds
General fund
795,431
2,097
797.528
TOTAL FUNDS
795
797 528
Nel movement In funds, Included in the above ar• as follows..
In¢omlng
resour¢e$
Resources
expended
Movement
in funds
Unreslrlcted funds
Gen8ral fund
834,105
1832,008)
2.097
TOTAL FUNDS
834 105
832 008)
Comparatl¥os for rnovomorrt In funds
Net
movement
In funds
At
31.8.23
At 1.9.22
Unr95trlGtgd funds
General fund
908,509
1113,078)
795,431
TOTAL FUNDS
908 509
113078}
795 431
Comparative net movernent in funds, Included in the above are as follows..
Incomlng
resources
Resources
expended
Movement
In funds
Unrestrlcted fund$
Gengral fund
644.342
{757,420)
{113.078)
TOTAL FUNDS
757 4201
113,078)
18.
EMPLOYEE BENEF￿ OBLIGATIONS
Teachgr8' Pension Scheme
The school partt*ates Sn ts T8achers' PenSIc￿ Scheme {Ihe TPS'I for Ils teaching staff. The P￿S1CM charye
for lh8 year inGiudes employerfs contrlbutions payable to the TPS of £74.626 {2023.' £75,735).
The Teachers, Penslon Scheme ITPSI is a statutory, contributory, defined benefit scheme. govern￿1 by 1he
Toachers. Pengon StheJne Regulations 2014. Memtershp is automatic for teathers h ac8demles. Ail teathe
have Ihe option to oplwout of the TPS followlng enrolmont.
The TPS Is an unfunded scheme to which both the member and employer mak£s contribulK*ns, as a porconta
of salary - these contrlbuuons are credited to Ihe Ex¢hequer. Retirement and olher pension benefits are pawj by
publlc funds provided by Parliament.
V8luaUon of the Teachers, Penslon Scheme
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18.
EMPLOYEE BENEFrr OBLIGATIONS - contirwgd
The Govemment Actuary. uslrKJ no￿al actuarial principles. Con￿Ucts a fornal 8Ctuarlal rewtew of Ihe TPS in
aGGordance wlth the Publ¢ Servi(8 Pens*Jn5 Va￿all(￿lS and Ernplo￿r Cost Capl D1￿ctionS 2014 publlsh&J by
HM Treasury ev¢ry 4 years. The aim of the reviwl is to specify thelgvd of future contrfbutbns. Actuèri81 scherne
Valuat￿)nS are dettndent on assumpticns at¥Jul Ihe vakn8 of future osts, desgn of t*nefits arKI many other
factors. The iale51 actuarlal valuation of thg TPS was ￿Tri￿￿ out as at 31 VArch 2016, The valuafjon report was
publshed bylhe DePartsn￿1f0r EducaJon on 5 March 2019. The key eleM￿ts ofthe valuallon 8rn1 subsewent
con8ullation are:
employer ¢ontrlbulon rates set al 23,68Yo of pensionable pay {includlng a 0.08VA 8dminl$tratson levyl
- total scheme Ilal%litNgs Ipengons Currently In paymont and the estima￿1 cost of future b8ngfits1 for servlce
the effective date of £218,1CK) million and notional assels (esbmaw futu￿ cOntrit￿tiOnS logeth8r with the
notional inveslments held at tho valuath)n datel of £196,1 mllK*n, giving a notional past 5ervicg defidt of
£22.000 mS11ion
- the SCAPE ratè, set by HMT, is used to detemine the nolonal Invesknent return. The CUTrent SCAPE rate
2.4V• above the rate of CPI. a8$uM￿ real rale of relum Is 2.4°A in 8xcess of prices and 20h in excess of
eamlngs. The rale of real •amings growth 15 assumed to be 2.2%. The assumed nominal ralg of rebjrn Including
eamlngs growlh Is 4A5%.
The nextvaluauon result Is due to be Implemented from l April 2023.
RELATED PARTY DISCLOSURES
19.
There wera no related paty transactions for the year ended 31 August 2024.
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