Registered number.. 02792166
Charity number= 1018973
BIRKDALE SCHOOL
(A company limited by guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
CONTENTS
Page
Reference and administrative details of the charity. its Governor5 and advisers
Governors, Report (including Director5, Report and Strategic Report)
Independent auditor's report on the financial statements
10-13
Statement of financlal actlvltles
14
8alance sheet
15-16
Statement of cash flows
17
Notes to the financial statements
18-41

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS GOVERNORS AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST2022
Governors
Mr P R Houghton, Chairman
Mr N A Birchenall
Mr E BSBowles
Professor J F Dawson
Mr M O Dennis
Mrs E A Hetherington
MrsA M Rees
Dr R C Richardson (resigned 6 July 20221
Mrs S C Turner
Mr S Ushewokunze
Mrs K M Walker
Company ￿81Stered
number
02792166
Charity registered number 1018973
Reglstered office
4 Oakholme Road
Sheffield
SIO 3DH
Secretary and Bursar
Mr R J Wade (appointed I September 20221
Mr D H Taylor Iresigned 31 August 20221
Other Senior Staff Members Mr P C H Harris, Head Master
Mr C J Burch, Head of the Preparatory School
Independent Auditor
BHP LLP
2 Rutland Park
Sheffield
SIO 2PD
Bankers
HSBC Bank PIC
Unit 4
Europa Court
Sheffield Business Park
Sheffield
S9 IXE
Solicitors
Wake Smith LLP
No. I Velocity
2 Tenter Street
Sheffield
SI 4BY
Page I

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
GOVERNORS, REPORT
FOR THE YEAR ENDED 31 AUGUST2022
The Governors present their annual report together with the audited financial statements of the charity for the year I
September 2021 to 31 August 2022. The annual report serves the purposes of both a trustees, report under charity law,
and a directors, report and strategic report under company law. The Governors have adopted the provisions of the
Statement of Recommended Prattice ISORPI 'Accounting and Reporting by Charities" IFRS1021 in preparing the annual
report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts
nd tomply with the charitrfs governing dotument, the Charities Att 2011 and Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charitie5 preparing their accounts IN accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Structure. govemunce ond management
a. Constitution
The School dates back to 1904. It became a charitable trust in 1965 and was incorporated as a charitable company under
the Companies Act in 1993. The liability of its members is limited to £1 each by guarantee. Its Memorandum and Articles
of Association govern the School. as last amended on 16 May 2016.
b. Governing Body
The Board of Governors is the governing body of the School. It is 5elf-appointing and a Governor may serve for any term
but subject to periodic review of their individual relevant skills, capabilities, active contribution and commitment to the
objects of the School. The minimum number of Governors is 10 but in the event that the number falls below 10. the
remaining Governors are empowered to continue to att as such for a period of not more than six month5 following the
date when the number fell below ten and provided that there are at least five Governor5. No Governor may receive any
remuneration from the School but they may be paid all travelling, hotel and other expenses properly incurred by them in
connection with the discharge of their duties. Governors who have children attending the School are charged full fees less
ny standard fee reduction prevailing at the time for which they are eligible, but with the exception of reduction by way
of a bursary.
c. Or8anisational structure and decision-making policies
The Governors meet as a Board at least five times a year to determine the general policy of the School and to review its
overall management and control, for which they are legally responsible. The Board has five supporting committees..
Finance & Development, Academic Excellence, Rounded Education, Christian School and Senior Salaries. Each cornmittee
comprises a number of serving Governors and each reports to the Board. The Finance & Development Committee is
chaired by Mrs S C Turner. the Academic Excellence Committee by Mrs K M Walker, the Rounded Education Committee by
Professor J F Dawson, and the Christian School and Senior Salaries Committees by Mr P R Houghton. In addition to the
committees, the Board creates ad hoc working groups from tirne to tirne to addre55 Particular tasks or project5.
The School comprises the Senior School and the Prep School. The day to day running of the whole School is deleEated to
the Head supported by the Heèd of the Prep School and the Bursar. The Senior School has a Deputy Head (responsible for
all pastoral matters) and a Deputy Head (Academic), who report to the Head. The Preparatory School has a Deputy Head,
a Deputy Head (Acadernicl and a Head of the Pre Prep Department, who report to the Head of the Preparatory School.
The Head, the Head of the Prep School and the Bursar attend all meetings of the Board and of its Committees. with the
exception of the Senior Salaries Comrnittee.
Page 2

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
GOVERNORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2022
Structure. 8overnance and mana8ement Icontinuedl
d. Recruitment and training of Governors
As and when necessary the 8oard of Governors. assisted by the Head and the Head of the Prep School. seeks out
interested persons to serve on the Board who are Committed to the objects of the School and who, following interview,
are deemed to have the appropriate qualities and skills. New Governors are inducted by the Chairman and the Head into
the workings of the School, including its Memorandum and Articles of Association. Governors are encouraged to
undertake any relevant and necessary training, e.g. safeguarding, e-safety and finance, which may be provided in-house
or by competent external bodies, such as the A55OClètion of Governing Bodies of Independent Sthool%.
e. Pay policy for senior staff
The Head, the Head of the Prep School and the Bursar are paid with reference to the maintained sectorfs Leadership
Group Pay Spine. Upon appointment of these staff, reference is made to the maintained sector's school unit scores and
groups, and the relationship between these staff's salaries. Consideration is also given to experience and skills, and
prevailing market rates. After appointment the remuneration is reviewed annually, taking into account performance. The
judgement of perforrnance is under-pinned by setting of objectives each year and review of achievement of the objectives
at the end of the year. Review of remuneration for these senior staff is carried tsut by the Senior Salaries Committee.
Objettives, tsims andprintipolottivities
a. Principal Artivity
The School's principal activity is to be a family day school for children aged 4 to 18. Historically, this has been only for
boys, but with a co-educational sixth form. However, the School is progressively becoming fully co-educational, with girls
dmitted into the Prep School from September 2021, and due to be admitted into the first year Senior School from
September 2024.
Pupil numbers were close to those forecast, with 556 in the Senior School and 232 in the Prep School; 788 in total12021.'
7731.
b. Objettivès for the Year
The School's vision has three key strands..
First, there is a clear and ambitious focus on academic excellence,.
Second, a major emphasis is given to a caring, rounded education for each pupil.. and
Third, Birkdale is a Christian School that warmly welcomes pupils of all faiths and none.
The Committees of the Board responsible for these strands meet regularly to review performance and to develop
strategies for improvement.
c. Public Benefit Aim and Intendèd Effett
The public benefit airn of the School is to develop the full potential of its pupils Wlthin a Christian environment. In
furtherance of this aim, the Governors confirm that they have complied with the requirements of s.4 of the Charities Act
2011.
Page 3

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
GOVERNORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2022
Objective5. aims and principal activitie5 Icontinuedl
d. Grant-makinB and Public Benefit
The School continues to offer a wide range of fee reductions. These comprise scholarships, bursaries, clergy discount.
sibling discount and staff discount, which all widen acce55 to the School. The bursaries are means tested and are up to
100%. The School actively and widely advertise5 the availability of its scholarships and bursaries. During the year, the total
fee reductions were £1,414,264 12021.. £1,319,910), with means tested bursaries amounting to £921,306 12021..
£868,388). As reported in the annual census to the Independent Schools Council. 83 pupils were given a bursary with the
verage level of support being 76%. Also during the year the School was pleased to extend 100% bursaries specifically to
support 7 Ukranian children who had sought refuge in the UK following the outbreak of war in their home country.
Every year the School community (pupils. parents and staff) raises funds for one or more chosen charitable oreanisations
or activities, in the UK or overseas, through 3 variety of events and artivities. As in the prior year, national lockdowns
hampered the fund-raising effort5. £5,455 was raised for the Peace Garden School and other charitable activities in Nepal,
and a total of £9,586 was raised for UK charities. A UK registered charity, RNV Nepal, has now been founded. This charity
is wholly separate from the School and has its own board of trustees, some of whom are Nepalese.
The School'5 aid work in Nepal started in 2000 with raisin8 funds to support the Peace Garden School in Khokana,
Kathmandu Valley. In the year ended 31 August 2001 the School raised over £16,500 and with these funds it completely
rebuilt this 300 pupil school on land owned by the Peace Garden School. Since then the School has run an annual trip to
Nepal and each trip involves pupils teaching in the Peace Garden School and doing other support work, either in this
school or in the area. We are looking forward to running thi5 trip again IN March 2023 for the first time since the
pandemic.
The funds that have been raised have also provided financial and medical support to an orphanage and other charitable
operation5 in the area, and have helped to build a church and health centre in the 500 farnily leper colony near to the
village of Khokana.
The School makes Its sports hall available to both adult and junior groups in the evenings and at weekends throughout the
year. The School a150 make5 Its assembly and other general facilitie5 available to the public for a wide range of use5,
including orchestra practices and church meetings. The charge made for use is always modest and, in some cases, free.
The School has a 125 year lease from Sheffield City Council on its sports fields at Castle Dyke. An agreed condition of the
lease 15 to make the fields available to external users. Since acquiring the lease, the School has carried out Sl8nificant
improvements to the facilities, which are enjoyed by all users. Current external users include junior and senior football
and cricket clubs, as well as one model aeroplane flying club. The pitch hire charges are modest and the model aeroplane
flying club pays no rent, and additionally has vehicle access onto the fields for disabled members.
The rent received from all lettings is ploughed back into the School's facilities, for the benefit of all users, and during the
vear amounted tts £65,30412021.' £47,950).
A well-developed Community Action prograrnme allow5 Sixth Form students to engage with local primary school5,
residential homes and other community institutions.
The School has developed a partnership with a lotal maintained sector primary school in a disadvantaged area of
Sheffield, which 5ee5 around 20 Sixth Form students spending time in the school every Wednesday afternoon. The Head 15
a member of the board of the multi academy trust that oversees the primary school in question.
Page 4

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
GOVERNORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2022
Objective5. aims and principal activitie5 Icontinuedl
The School has a partnership with the Confucius Institute in Sheffield that allows students of all ages to participate in
Mandarin classes as well as a range of cultural events.
The School hosts the Sheffield Historical Association that provides talks and events of historical interest to all members of
the Sheffield community.
An increasingly large percentage of students engage with the Duke of Edinburgh's Award scheme at all levels and the
volunteering aspect of thi5 rnakes a significant contribution to the local comrnunitv.
Each year the School's bands provide free performances at charity functions and at a local farm trust with a particular
interest in the education of socially and educationèlly disadvantaged Children. The School also runs an orehestrèl day for
local maintained primary schools.
The School trains and inducts teachers at no cost to the State and during the year we supported one trainee to complete
their PGCE ènd one teacher in the first year of their ECT induction. From September 2022 we are supporting four teachers
through their ECT induction two in their first year and two in their second year.
Finally, the Governors would like to note that the School, in educating 788 pupils outside the maintained sector. made a
significant saving to the national public purse. According to Government data, the Dedicated Schools Grant for secondary
schoo15 in Sheffield for 2021/2022 was £5,207 per pupil. On this figure, the School saved the Exchequer £4.08 million.
e. Volunteers
The Friends of 8irkdale School IFOBSI continue to provide support to the School through fund raising events. Again
because of the pandemic, there was little èctivity during the year, and the needs of the School and the Erants made by
FOBS were much reduced at £19012021.. £6291. Nevertheless, the Governors take the opportunity of this report to record
their appreciation of the on going work of FOBS and its valued grants to the School.
f. Objects
The objects of the School are specified in the Memorandum of Association. The principal object is for the School to
educate persons of school age with the Specific aim of rnaintaining the School's 'existin8 tradition of Christian education
and to continue to provide education based on the evangelical doctrine which emphasises the authority of the Bible in all
matters of faith and conduct.
Page 5

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
GOVERNORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2022
Strqteqic report
Achievements undperfomiance
a. Key financlal performance Indlcators
The key financial performance indicators are pupil numbers and the level of the School's net cash generated from
operating activities. Both are cornpared to historical and budgeted levels, and forward projections are reviewed by
Governors on a termly basis.
b. Operatlonal performance of the School
The Governors are pleased with the School's performance, in particular given the challenges of the Covid-19 pandemic.
On the academic front, and with rigorous preparation for the first year public examination5, the A Level and GCSE results
were received with much satisfaction by the Board's Academic Excellence Committee. These were as follows..
Overall pass rates at both A Level & GCSE were lOO%
At A Level, the headline grade percentages were.. A*: 14%,. A* A.. 40%,. A* B.. 70%
At GCSE, they were- 9.. 30%,. 9 8.. 48%,. 9 7- 66%
The Board's Rounded Education and Christian School Committees continue to be pleased with performance in the year
with a post-pandemic return of the School musical and concerts showcasing pupi15' drama and rnusical talent5, and the
School being a community where pupils are encouraged to explore the essentials of the Christian faith in an open and
tolerant environment.
c. Dèvelopment of thè School
Additions to the tangible fixed assets of the School during the year amounted to £147,07312021.. £106,462). The bulk of
these comprised IT enhancements, both hardware and software.
Flnonclol revlew
a. Rèsults for the year
There was a deficit for the year of £82,18312021= 5urplu5 £9,883). The net cash inflow from operating activities for the
vear was £297,63012021.' £739,738) and cash in hand was £2,271,52612021.' £2,166,979).
At 31 August 2022 funds totalled £11,452,91312021.. £11,535,096), made up of unrestricted funds of £1,413,74812021..
£1,296,533), designated fund5 of £9,978,11512021.. £10,177,513) and restricted funds of £61,05012021.. £61,050). These
include fixed assets of £IO,554,85812021'. £10,800,961).
The deficit arose primarily due to increased staff costs, particularly arising from providing sufficient cover while staff were
isolating during covid.
Page 6

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
GOVERNORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2022
b. Reserves policy
It remains the Governors, policy to invest surplus funds for the furtherance of the School's objects. From its annual
budgets, termly management accounts and. most particularly, a rolling long-term cash flow projection, the Governors
ensure that the School is able to meet its ongoing commitments.
The Governors consider that the School should hold sufficient free reserves to cover both unexpected events and to
prepare for planned future development. With regard to the former. the Governors consider that the School requires a
buffer against an unforeseen fall in pupil numbers, quantified at around 40 or some 5% of pupils. It has therefore,
historically, been considered that an appropriate minirnum threshold of free reserves was approximately 5% of total
income, namely some £435.000. For future developrnent of the School buildings, which is now actively being pursued, free
reserves in excess of £1 million will be required. At the year end the School had free reserves of £1,413,748 and the
Governors Consider that this level was appropriate and shtsuld tontinue to build in advance of a forthcoming capital
developrnent programme.
c. Fixed asset revaluation
The Governors have considered the merit of adopting a policy of revaluing freehold land and buildings. Because of the
requirement to have an independent valuation on a regular basis and the burdensome cost of such valuations, it was
decided not to adopt a revaluation policy. However, the difference between the actual value of the land and buildings and
the book value of the same continues to be recognised. From a fairly recent valuation of the Senior School and a prior
valuation of some of the School's properties for the purpose of the commercial mortgage, it is clear that the current open
market value of the School's land and buildinES is at least the current book value.
d. Goin8 concern
The Governors are mindful of the current cost of living crisis, which may affect some parents ability to fund their children's
independent school education and the ongoing uncertainty arising from high inflation and the significant increases in the
cost of energy which increases the operational costs of the school. The Governors have prepared detailed medium term
forecasts of income and expenditure and cash flow going beyond the next 2 years and subjected these forecasts to
reasonable sensitivity analysis which shows that the charity has sufficient reserves to be able to continue in operation
throughout this period. The Governors will continue to monitor the impact on income and expenditure and take
ppropriate action as necessary in order to ensure that the charity can continue in operation for the foreseeable future.
Therefore the Governor5 are 53tlsfied that it 15 appropriate to prepare these financial statements on the 80ing concern
basis.
e. Rlsk management
The School has a corporate Risk Register which is periodically reviewed. The areas of risk to the School that have been
identified are.. Strategic, Law & Regulation, Governance & Management, External Factors, Operational, Human Resources,
Environmental, Technological, Academic and Financial. The risks are scored on likelihood and impact. For all risks
mitigating control measures are identified, as well as any necessary further action.
The Governors are rnindful of the current cost of living crisis, including the escalatin8 Costs of energy, which affects the
medium-term economic outlook. These are expected to impact both pupil numbers and our parents, ability to pay. The
Governors are making plans to be able to support parents, and continue to offer good value in the provision of education
to prospective pupils ensuring that the school's finances remain robust. The Governors will continue to monitor the
situation carefully and take whatever protective action 15 necessary to safeguard the School.
Page 7

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
GOVERNORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2022
Plans for the future
The Board is delighted with the School's progressive transition to becoming fully co-educational. At the date of this report,
there are 40 girls12021.'281 in the Prep School. and this part of the School feels very much like a family environment for
both girls and boys.
The principal focus for 2022-23 and beyond will be the development of facilities in the Senior School to ensure that
Birkdale can deliver the best possible education across its three areas of focus: academic excellence, rounded education
and a Christian sthool environment.
Information on fundraising prartices
The School does not actively fundraise for itself. Should the School at some point in the future undertake a specific
fundraising campaign or start to generate more income through fundraisin& the Governors will look to signing up to a
voluntary fundraising code.
Statement of governors, re5pon5ibilities
The Governors (who are also the trustees and directors of the charity for the purposes of company lawl are responsible
for preparing the Governors. report including the Strategic Report and the financial statements in accordance with
pplicable law and United Kingdom Atcounting Standards Iunited Kingdom Generally Accepted Accounting Practice).
Cornpany law requires the Governor5 to prepare financial statements for each financial year. Under company law, the
Governors must not approve the financial statements unless they are satisfied that they give a true and fair view of the
state of affairs of the charitable company and of its incoming resources and application of resources, including its income
nd expenditure, for that period. In preparing these financial statements, the Governors are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles of the Charities SORP 2019 IFRS 1021..
make judgments and accounting estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material
departures disclosed and explained in the financial statements,.
prepare the financial statements on the going toncern basis unless it is inappropriate to presume that the charity
will continue in bu5ine55.
The Governor5 are re5pon5ible for keeping adequate accounting records that disc105e, with reasonable accuracy at any
time, the financial position of the charitable company and enable them to ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence
for taking reasonable Steps for the prevention and detection of fraud and other irregularitle5.
Disclosure of information to auditor
In so far as the Governors are aware..
there is no relevant audit information of which the charitable company's auditor is unaware, and
the Governor5 have taken all the Steps that they ought to have taken to make thernselve5 aware of any relevant
audit information and to establish that the chafltable company'5 auditor is aware of that infofmation.
Page 8

## **BIRKDALE SCHOOL** 

## **(A company limited by guarantee)** 

GOVERNORS' REPORT (CONTINUED) _FOR THE YEAR ENDED 31 AUGUST 2022_ 

## **Auditor** 

The auditor, BHP LLP, has indicated their willingness to continue in office. The Governors will propose a motion reappointing the auditor at a meeting of the Governors. 

In approving the Governors' report, we also approve the strategic report included therein, in our capacity as company directors. 

Approved by order of the members of the board of Governors and signed on their behalf by: 

Paul Houghton (Mar 30, 2023 14:09 GMT +1) 

## **Mr P R Houghton** 

Date:[Mar 30, 2023] 

Page 9 



BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF BIRKDALE SCHOOL
Opinion
We have audited the financial statements of Birkdale School Ithe'charitable company'l for the year ended 31 August 2022
which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes.
including a 5umrnary of significant accounting policie5. The financial reporting framework that ha5 been applied in their
preparation 15 applicable law and United Kingdom Accounting Standard5, including Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the finantial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 August 2022 and of its incoming
resources and application of resources, including its income and expenditure for the year then ended..
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial
statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of th8 financial statements in the United Kingdom, including the Financial
Reporting Council's Ethical Standard, and we have fulfilled our other ethical respon5ibilitie5 in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conclusion5 relating to going concern
In auditing the financial statements, we have concluded that the governors, use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast Significant doubt on th8 charitable company's ability to continue a5 a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the governors with respect to going concern are described in the relevant
sections of this report.
Page 10

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF BIRKDALE SCHOOL ICONTINUEDI
Other information
The other information comprises the information included in the governors, report other than the financial statements
and our auditor's report thereon. The governors are responsible for the other information contained within the governors.
report. Our opinion on the financial staternent5 doe5 not Cover the other inforrnation and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read
the other information and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially
misstated. If we identify 5Uth material incon5iSteneies or apparent material mi55tatement5, we are required to determine
whether thi5 give5 rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information, we are required to report that
fact.
We have nothinE to report in thi5 regard.
Opinions on other matter5 prescribed by the Companies Art 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the governors, report lincorporating the strategic report and the directors, report) for the
financial year for which the financial staternent5 are prepared is consistent with the financial statement5,' and.
the strategic report and the directors, report have been prepared in accordance with applicable legal
requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of our knowled@e and understanding of the charitable company and its environment obtained in the course of
the audit, we have not identified rnaterial mi55tatements in the strategic report and the director5, report.
We have nothing to report in respect of the following matters in relation to which Companie5 Act 2006 requires us to
report to you if, in our opinion..
adequate accounting records have not been kept, or return5 adequate for our audit have not been received from
branches not visited by u5,. or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of directors, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
Page 11

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF BIRKDALE SCHOOL ICONTINUEDI
Responsibilities of Governor5
As explained more fully in the governors, responsibilities statement, the governors (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view, and for such internal control 35 the governor5 determine 15 necessary
to enable the preparation of financial staternents that are free from Material misstatement, whether due to fraud or
error.
In preparing the financial statements, the governors are responsible for assessing the charitable company's ability to
continue as a going concern, disc105ing, a5 applicable, matters related to going concern and using the going concern basi5
of accounting unless the governor5 either intend to liquidate the charitable company or to cease operations, or have no
realistic alternative but to do so.
Audltor's responslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable a55urante about whether the financial statements a5 a whole are free from
material misstatement, whether due to fraud or error, and to Issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS
IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of user5 taken on the basi5 of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The
extent to which our protedure5 are tapable of detecting irregularities, including fraud 15 detailed below..
the engagement partner ensured that the engagement team collectively had the appropriate competence.
capabilities and skills to identify or rectsgnise non-compliance with applicable laws and regulations,.
we identified the laws and regulatitsns applicable to the charitable cornpany through discussions with management
and governor5, and from our knowledge and experiences of the independent schools, sector;
we focussed on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the charitable company. including the Charities Act 2011. Companies Act
2006, data protection, safeguarding, ernployment, health and safety legislation and Independent Schools
Inspectorate guidance,.
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management..
identified laws and regulation5 were cornmunicated within the audit team regularly and the teèm remained alert
to instances of non-corrpliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an
understanding of how fraud rnight occur, by-
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliante with13ws and regulation5.
Page 12

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF BIRKDALE SCHOOL ICONTINUEDI
To address the risks of fraud through management bias and override controls, we..
performed analytical procedures to identify any unusual or unexpected relationships..
tested journal entrie5 to identify unusual tran5actions,'
asse55ed whether judgernents and assumption5 rnade IN determining the accountin8 e5timate5 set out in note 3
were indicative of potential bias,. and
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and Non-compliance with law5 and re8ulation5, we designed procedures which
included, but were not limited to-
agreeing financial statement disclosures to underlying supporting documentatitsn,.
reading the minutes of meetings of those charged with governance.,
enquiring of management as to actual and potential litigation and claims.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material rnisstatement in the financial statements or non-compliance with regulation. This risk iNcrease5 the
more that compliance with a law or regulation is removed from the events and transactions reflected in the financial
statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding
irregulaiitie5 occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion,
omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at: www.frc.or
.uk
auditorsres
onsibilities. This description forms part of our auditor's report.
Use of our report
This report Is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members
those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its
members, as a body, for our audit work, for this report, or for the opinions we have formed.
6HPk
Jane Mcif5hall (Mar 3Q. 2D23 15.'13 GMT411
Jane Marshall (Senlor statutory audltorl
for and on behalf of
BHP LLP
Statutory Auditor
2 Rutland Park
Sheffield
510 2PD
Date.- Mar 30, 2023
Page 13

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
STATEMENT OF FINANCIALACtIVlTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 AUGUST2022
Unrestrleted
funds
2022
Restrleted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from:
Donations and legacies
Charitable activities
855
8.941,463
186,527
8.941,463
186,527
8,455,745
115.567
other trading activities
Investrnents
695
695
2,560
142.679
other income
Total Income
9.128,685
9.128,685
8,717.406
Expenditure on:
Raising funds
Charitable activities
120,860
9,090,008
120,860
9,090,008
77.841
8,629,682
io
Total expenditure
9,210,868
9,210,868
8,707,523
Net movèmènt in funds
182,1831
182,1831
9,883
Rècontiliation of funds..
Total funds brought forward
Net movement in fund5
11.474,046
182,1831
61,050
11.535,096
182,1831
11,525,213
9,883
Total funds tarried forward
11,391,863
61,050
11,452,913
11,535,096
All income and expenditure derives from continuing activities.
The Statement of financial activitie5 complies with th8 requirements for an income and expendituie account under the
Cornpanies Act 2006 and includes all gains and losses recogni5ed in the year.
Page 14

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
REGISTERED NUMBER.. 02792166
BALANCE SHEET
AS A T31 AUGUST2022
2022
2021
Note
Fixed assets
Tangible assets
16
10.554,858
10,800.961
10.554,858
10,800,961
Currènt assets
Debtors
17
601.288
2,271,526
464,192
2,166,979
Cash at bank and in hand
2,872.814
2,631,171
Creditors.. amounts falling due within one year
18
11,446.1111
11,322,368)
Net current assets
1.426,703
1,308,803
Total assets less current liabilities
11,981,561
12,109,764
Creditors.. amounts falling due after more than
one year
19
1528,6481
1574,6681
Total net assets
11,452,913
11,535,096
Charlty funds
Restricted funds
20
61,050
61,050
Unrestricted funds
Designated funds (including revaluation reserve..
2022 £720,98612021- £735,51511
General funds
20
9,978.115
1,413.748
10,177,513
1,296,533
20
Unrestricted funds
20
11,391,863
11,474,046
Total funds
11.452,913
11,535.096
Page 15

## **BIRKDALE SCHOOL** 

## **(A company limited by guarantee)** 

REGISTERED NUMBER: 02792166 

BALANCE SHEET (CONTINUED) _AS AT 31 AUGUST 2022_ 

The governors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. 

The financial statements were approved and authorised for issue by the governors and signed on their behalf by: 

Paul Houghton {Mar 30, 2023 14:09 GMT +1) 

## **Mr P R Houghton** 

Chairman Date: Mar 30, 2023 

The notes on pages 18 to 41 form part of these financial statements. 

Page 16 



BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST2022
2022
2021
Note
Cash flows from operatlng actlvltles
Net cash provided by operating activities
23
297.630
739,738
Cash flows from investing activities
Bank interest
695
2,560
297
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed 3S5ets
1147,0731
1106,4621
Net cash used In Investlng artlvltles
1146.3781
1103,6051
Cash flows from financlng actlvltles
Repayments of borrowing
146.7051
1173,4481
Net cash used in financing activities
146.7051
1173,4481
Change in cash and cash equivalents in the year
104.547
462,685
Cash and cash equivalent5 at the beginning of the year
2,166,979
1,704,294
Cash and cash equlvalents at the end of the year
24
2,271.526
2,166.979
Page 17

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
General information
The charity is a company limited by guarantee in England and Wales. The members of the company are the
Eovernors named on paee l. In the event of the charity being wound up. the liability in respect Of the guarantee is
limited to £1 per mernber of the Charity. The address of the registered office is given in the tharity information on
page l of these financial statements.
Accountlng pollcles
2.1 Bas15 of prep¢7rotion olfinonci¢71stotements
The charity meets the definition of a public benefit entity under FRS 102. The financial statements have been
prepared in accordance with the Charities SORP IFRS 1021 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 IFRS 1021 issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the
Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial staternent5 are prepared under the historical cost convention, unle55 OthenNise Stated in the
relevant accounting policy. The financial statements are presented in sterling which is the functional currency
of the charity, and rounded to the nearest £.
2.2 Going contern
The Governor5 are mindful of the current C05t of living crisis, which may affect some parent5 ability to fund
their children's independent school education and the ongoing uncertainty arising from high inflation and the
significant increases in the cost of energy which increases the operational costs of the school. The Governors
have prepared detailed medium term forecasts of income and expenditure and cash flow going beyond the
next 2 year5 and subjected these forecast5 to reasonable Sensitivity analy515 which shows that the charity has
sufficient reserves to be able to continue in operation throughout this period. The Governors will continue to
monitor the impact on income and expenditure and take appropriate action as necessary in order to ensure
that the charity can continue In operation for the foreseeable future. Therefore the Governors are satisfied
that it is appropriate to prepare these financial statements on the going concern ba515.
Page 18

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
Accountin8 policies Icontinuedl
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be
received and the amount of income receivable can be measured reliably.
Fee income consists of charges billed, on a termly basis, less bursaries, scholarships and other discounts. Fees
are recognised in line with the term to which they relate.
For donations to be recogni5ed the charity will have been notified of the amounts and the settlement date in
writing. If there are any conditions attached to the donation and this requires a level of performance before
entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of
those condition5 15 within the control of the charity and it 15 probable that they will be fulfilled.
Income from trading activities includes income from extra tuition fees, the school shop and rent to raise funds
for the charity. Income is received in exchange for supplying goods or services in order to raise funds and is
recognised when entitlement ha5 occurred.
Interest income is recognised as the charity's right to receive payment is established.
Other income includes grant intome received from the Government to tover the salarie5 of furloughed
employees through the Coronaviru5 Job Retention Scheme. Thi5 is included on a receivable basis.
2.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it 15 probable that a transfer of econornic benefits will be required in Settlement and the amount
of the obligation can be rneasured reliably.
support costs are those costs incurred directly in support of expenditure on the objects of the charity.
Cost5 of raising funds are cost5 incurred direttly in attratting voluntary income, and those incurred in trading
activities that raise funds.
Charitable activities and governance costs are costs incurred on the charity's educational operations,
including support costs and costs relating to the governance of the charity apportioned to charitable
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the charity,. this is norrnally upon notification of the interest paid or payable by the institution with whom the
funds are deposited.
Page 19

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
Accountin8 policies Icontinuedl
2.6 Tanglblelixed ossets anddepreclatlon
Tangible fixed assets costine £2.(XJO or more are capitalised and recognised when future economic benefits
are probable and the c05t or value of the asset can be measured reliably. Amounts les5 than this may be
capitalised if part of a Specific project.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed
assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs
incurred to bring a tangible fixed a55et into its intended working condition should be included in the
measurement of c05t.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the
carrying value of any fixed asset may not be recoverable. Shortfalls between the carryinE value of fixed assets
and their recoverable amount5 are recognised a5 impairment5. Impairment 1055e5 are recognised in the
Statement of financial activitie5 incorporating income and expenditure account.
Tangible fixed assets are carried at cost or valuation, net of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their residual
value, over their estimated useful lives.
Depreciation is provided on the following ba5es'.
Freehold buildings
LonE-term leasehold buildings
Motor vehicle5
Fixtures and fittin8S
Equipment
ICT equipment
50 years straight line
50 years straight line
3 5 year5 Straight line
10- 25 years straight line
5 years straight line
5 years straight line
A5 permitted under FRS102, the charity has elected not to adopt a policy of revaluation of tangible fixed
aS5et5. The charity will retain the book value of land and buildings, previously revalued at 31 March 1993 and
will not update that valuation.
An amount equal to the exces5 of the annual depreciatitsn charge on revalued assets over the notional
historical c05t depreciation charge ON those assets, is transferred annually from the revaluation reserve to the
income and expenditure reserve.
2.7 Refurblshment oApmperty
In line with relevant accounting standards, where the governor5 identify that a trigger indicating impairment
may have occurred, the carrying value of each property in the school's estate affected by the identified trigger
is assessed for impairment by comparison with the greater of open market value and value in use. Where
there are inherent difficulties in determining appropriate assumptions for establishing value in use in excess
of open market value, open market value 15 Used. Consequently, refurbishment C05ts on a property which
would cause the net book value of that property to exceed open market value are taken directly to the
statement of financial activities and categorised as investment in the property estate.
Page 20

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
Accountin8 policies Icontinuedl
2.8 Operotlng leases
Rentals paid under operating leases are charged to the statement of financial activities on a straight line basis
over the lease term.
2.9 Debtor5
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cush ut bank und in hund
Cash at bank and in hand includes cash and short-term highly liquid investments Wlth a short rnaturity of
three months or less from the date of acquisition or opening of the deposit or similar account.
2.11 Llabllltles undprovlslons
Liabilitie5 are recognised when there 15 an tsbligation at the balance sheet date a% a result of 3 past event, it 15
probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement
can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the
amount it ha5 received a5 advanced payment5 for the good5 or service5 it must provide.
Provisions are measured at the best estirnate of the amounts required to settle the obligation. Where the
effect of the time value of money is material, the provision is based on the present value of those amounts,
discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the
discount 15 recogni5ed in the Staterment of financial activitie5 a5 a finance cost.
2.12 Fingnciol instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their Settlement value with the exception of bank loan5 which are 5ub5equently rneasured at
amort15ed c05t usin8 the effective interest method.
Page21

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
Accountin8 policies Icontinuedl
2.13 Employee beneAits
Termlnatlon beneflts
Termination benefits are employee benefits payable a5 a result of the charity'5 decision to terminate an
employee's employment before the normal retirement date.
Defined contribution pension Scheme
The charity contributes to a defined contribution pension scheme for the benefit of the salaried non-teaching
employees. The pension costs charged against net incoming resources are the contributions payable to the
scheme in respect of the accounting period in accordance with FRSIO2.
Deflned benefit pension scheme
The charity participates in the Teacher5, Pension Scheme (England and Wales) I the TPS'I, ftsr it5 teaching
Staff. This 15 a multi-employer defined benefit5 pension scheme and it is not possible or appropriate to
consistently identify the liabilities of the TPS which are attributable to the charity. As required post FRSIO2,
the charity accounts for this scheme as if it were a defined contribution scheme and therefore the pension
cost5 charged in the Statement of financial activities are the contribution5 payable to the scheme in respect of
the accounting period.
2.14 Fund occountlng
General funds are unrestricted funds which are available for use at the discretion of the governors in
furtherance of the general objective5 of the charity and which have not been designated for other purpose5.
Designated funds comprise unrestricted funds that have been set aside by the governors for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes. The cost5 of raising and administering such
funds are charged against the specific fund. The aim and use of each restricted fund is Set out in the note5 to
the financial statements.
Page 22

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
Crltlcal accountlng estimates and areas of lud8ment
Estimates and judgments are continually evaluated and are based on historical experience and other factors.
including expectations of future events that are believed to be reasonable under the circumstances.
Critical accountin8 estimate5 and as5umptions'.
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and
assumptions will, by definition. seldom equal the related actual results.
Critical area5 of judgment..
The annual depreciation charge for tan8ible assets 15 sensitive to changes in the estimated useful economic lives
and residual values of the assets. The useful economic lives and residual values are re-assessed annually.
Income from donations and le8acies
Unrestrlcted
funds
2022
Restrleted
funds
2022
Total
funds
2022
Total
funds
2021
Donations
8S5
Total 2021
226
629
855
Income from charitable activities
Unrèstricted
funds
2022
Total
funds
2022
Total
funds
2021
Fee income
10,261,177
10,261.177
9,668,957
11,414,264) 11,414,264) 11,319,910)
94,550
94.5SO
106,698
Discounts, bursaries & scholarships
Other ancillary fees
Tot¢712022
8,941,463
8,941.463
8,455,745
Total 2021
8,455,745
8,455,745
Page 23

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
Income from other tradlng actlvltles
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Rent received
65.304
65.304
47.950
Sundry income
Breakfast club
10,339
12.540
10.339
12.540
10,883
7.384
After school club
23,176
75.168
23.176
75.168
17,386
31.964
School bus services
186.527
186.527
115.567
Total 2021
115,567
115,567
Imiestment income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Interest receivable
695
695
2,560
Total 2021
2,560
2,560
Page 24

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
other Income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Coronavirus Job Retentic>n Scheme income
142,679
Total 2021
142,679
142,679
Expenditure on raising funds
Unrèstricted
funds
2022
Total
funds
2022
Total
funds
2021
Bus service
102,156
18,704
102.IS6
18,704
64,229
13,612
Other expenditure
120,860
120,860
77,841
Total 2021
77,841
77,841
Page 25

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
io.
Analysls of expendlture on charftable actlvltSes
Summary byAund type
Unrestrlcted
funds
2022
Restrlcted
funds
2022
Total
2022
Total
2021
Teaching costs
Welfare costs
6,595,742
945,517
710,197
734,208
18,224
13,948
72,172
6,595,742
945.517
710,197
734.208
18,224
13.948
72,172
6,425,134
761,771
678,338
657,159
17,100
11,295
78,885
Premises
Support costs Inote 111
Interest
Governance costs (note 121
Cost of generating ancillary fees
9,090,008
9,090,008
8,629,682
Total 2021
8,628,944
738
8,629,682
Summary by expendlture type
Staff cost5
2022
Other costs
2022
Total
2022
Total
2021
Teaching costs
Welfare costs
5,852,928
115,192
742,814
830,325
6,595.742
945,517
710.197
734,208
18.224
6,425,134
761,771
Premises
710,197
130,084
678,338
657,159
Support costs Inote 111
Interest
604,124
18,224
17,100
Governance costs (note 121
Cost of generating ancillary fees
13,948
13,948
72.172
11,295
72,172
78,885
6,572,244
2,517,764
9,090.008
8,629,682
Total 2021
6,529,088
2,100,594
8,629,682
Page 26

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
ii.
Analysls of expendlture by actlvltles
Total
funds
2022
Total
funds
2021
Dlrect costs Support costs
2022
2022
Teaching costs
Welfare costs
6.595,742
6,595.742
6,425.134
945,517
710,197
945.517
710.197
761,771
678.338
Premises
Support cost5
Interest
734,208
734.208
18.224
657,159
17.100
18,224
Governance costs (note 121
Cost of generating ancillary fees
13,948
13.948
72.172
11,295
78.885
72,172
8,341,852
748.156
9,090.008
8,629.682
Total 2021
7.961,228
668,454
8.629,682
Analysls of support costs
Total
funds
2022
Total
funds
2021
Support COSts
2022
Other costs
2022
Staff costs
604,124
604.124
13,948
82.694
536,924
11,295
66,045
Governance costs (note 121
Office costs
13,948
82,694
Other
47,390
47,39]
54,190
734,208
13,948
748,156
668,454
Total 2021
657,159
11,295
668,454
Page 27

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
12.
Governance costs
2022
2021
Auditor's remuneration
13,948
11,295
13.
Corporatlon Tax
The charitable company is considered to pass the tests set out in Sch. 6. para. l of the Finance Act 2010 and
therefore it meet5 the definition of a charitable company for UK corporation t3x purposes. Accordingly, the
charitable company 15 Potentially exempt from taxation in respect of income or capital gains received within
categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains
Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
14.
Net incomellexpenditurel
2022
2021
This 15 Statedofterchorging..
Depreciation of tangible fixed assets..
owned by the charity
Auditor's rernuneration
393.037
13,948
1,139.028
139
402,644
11,295
749,342
12901
Operating lease rentals
IProfitl1105S 011 S31e of fixed assets
15.
Staff costs
2022
2021
Wages and salaries
Social 5ecuritV Costs
Contribution to defined contribution pension schemes
5,081.783
527.613
962.848
5,069.700
518,431
940.957
6,572.244
6,529,088
Agency and a550Clated c05t5 of £32,99812021 £nill are included in wage5 and 5alarie5 above.
Page 28

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
15.
Staff costs Icontinuedl
The average number of persons employed by the charity during the year was as follows..
2022
No.
2021
No.
Teaching staff
Non teaching staff
95
99
73
83
182
The average headcount expressed as full-time equivalents was..
2022
No.
2021
No.
Teaching staff
Non- teaching staff
85
88
47
129
135
The number of employees whose employee benefits (excludin8 ernployer pension costs) exceeded £60,000 was..
2022
2021
In the band £60,001- £70.000
In the band £70,001 - £80,000
In the band £80,001- £90.000
In the band £IIO,001- £120,000
In the band £130,001- £140.000
The total amount of employee benefits reteived by key management personnel, including employer's pension and
employer's national insurance, is £343,40212021.. £374,966). The school considers its key management personnel
to comprise of the two Heads and the bursar, detailed on page l.
Total termination payment5 amounted to £nil12021.. £24,604).
The governors neither received nor waived any remuneration during the year12021'. Enill.
£nil expenses have been reimbursed in the year, or during the prior year.
Page 29

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
16.
Tangible fixed asset5
Long-term
leasehold
property
Freehold
propertv
Fixtures and
fittings
Other fixed
assets
Total
Cost or valuatlon
At I September 2021
Additions
12,232,568
2,578,697
1,052,629
1076,008
147,073
122,3841
17,739,902
147,073
122,3841
Di5P05als
At 31 August 2022
12.232,568
2.578.697
1,052.629
2.000,697
17.864,591
Depreciotion
At 15eptember 2021
Charge for the year
On disptssals
3.756,385
876,081
609.568
1.696,907
6.938,941
206,397
51.717
56.332
78,591
122,2451
393,037
122,2451
At 31 August 2022
3.962,782
927.798
665.91XI
1.753,253
7.309,733
Net book value
At 31 August 2022
8,269,786
1,650,899
386,729
247,444
10,554,858
At 31 August 2021
8,476,183
1,702,616
443,061
179,101
10,800,961
The land and buildings were valued at £3,375,000 based on open market values (except for Heeley Hall, whith w35
assessed on the ba515 of depreciated replacement C05tl on l April 1993 by Mark lenkinson & Son, Surveyors and
Valuers of Sheffield. Since this date all assets have been included at cost and the 1993 valuation has not been
updated in accordance with UK GAAP.
The relevant historical cost information for land and buildin85 as at 31 August 2022 is as follows..
Land and
buildings
At cost
14.090,279
720,986
At revaluation, at l April 1993
14,811,265
Page 30

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
16.
Tangible fixed assets Icontinuedl
If the freehold land and buildings had not been included at valuation they would have been included under the
historical cost convention as follows..
2022
2021
Cost
11,084,816
11,084,187
13,536.0161 13,344,148)
Accumulated depreciation
7,548.81XJ
7,740,039
17.
Debtors
2022
2021
Trade debtors
361.428
239,383
Other debtors
19,200
220.660
17,444
207,365
Prepayments and accrued income
601.288
464,192
Page31

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
18.
Creditors.. Amounts falllng due wlthln one year
2022
2021
Bank loans
48,095
35.363
129,950
339.445
48,780
134,752
120,473
218,489
Trade creditors
Taxation and social seturitv
Other creditors
Accruals and deferred income
893,258
799,874
1,446.111
1,322.368
2022
2021
Deferred incorne at I Septernber
Resources deferred during the year
Amounts released from previou5 periods
625.963
728.891
1625.9631
662,745
625.963
1662,7451
Deferred incorne at 31 August
728,891
625,963
Deferred income represents fees received in advance.
Page 32

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
19.
Creditors.. Amounts falllng due after more than one year
2022
2021
Bank loans
528,648
574,668
Included within the above are amounts falling due as follows..
2022
2021
Between one and two yeors
Bank loans
49.806
50,065
Between two undfive ye17rs
Bank loans
160.3thJ
158.235
Overflve years
Bank loan5
318,542
366,368
The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting
date is=
2022
2021
Repayable by instalments
318.542
366,368
318,542
366,368
There is now one bank loan. which incurs interest at 3.5% and is repayable over 15 years. See note 30 for details of
loan 5ecuritv.
Page 33

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
20.
Statement of funds
Statement of funds- current year
Balance at i
September
2021
Transfer5
inlout
Balance at 31
August 2022
Income
Expenditure
Unrestrictedfvnds
Deslgnatedfunds
Designated fixed asset fund
10.177,513
1199.3981
9.978,115
Generolfunds
Income & expenditure reserve
1.296,533
9,128.685
19.210,8681
199.398
1.413,748
Tot¢71 Unrestrictedfvnd5
11.474,046
9,128.685
19.210,8681
11.391,863
Restrlctedfunds
Rudston School fund
60,000
60,000
Gillespie Gap Year
Sanderson Keyboard Prize fund
750
750
300
300
61,050
61,050
Total ofAunds
11.535,096
9,128,685
19,210,868)
11.452,913
Page 34

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
20.
Statement of funds Icontinuedl
statement of funds- prlor year
Balance at
I September
2020
Balance at
31 August
2021
Transfer5
in/out
Income
Expenditure
Unrestrlctedfvnds
De5igngtedfunds
Designated fixed asset fund
10,300,2S4
1122,7411
10,177,513
GeneralAunds
Income & expenditure reserve
1,163,800
8,716,777
18,706,785)
122,741
1,296,533
Totul Unrestrlctedfvnds
11,464,054
8,716,777
18,706,785)
11,474,046
Restrittedfunds
Rudston School fund
60.000
750
60.000
750
Gille5pie Gap Year
Sanderson Keyboard Prize fund
Friends of Birkdale School
300
300
109
629
17381
61,159
629
17381
61,050
Totul offunds
11,525,213
8.717,406
18,707,523)
11,535,096
Page 35

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
20.
Statement of funds Icontinuedl
Desl8nated funds
The designated fixed asset fund arise5 from the transfer of the as5et5 of the forrner charitable trust to the
charitable company upon its incorporation in 1993, less the balance on the mortga8e5 held on these propertie5.
Transfers
The fund movements represent the movement% on the fixed assets and the mortgage during the year from the
general incorne and expenditure reserve to the designated fixed asset fund.
Restrlcted funds
Rudston School fund. This is to aS5iSt children located in Rotherham to have acces5 to attend Birkdale School. At
the year end the fund balance is £60,00012021- £60,000).
The Gille5pie Gap Year Trust Fund provides bur53ries for sutcessful applitants for their gap year projects. The fund
balances now stand at £75012021.. £7501.
Sanderson Keyboard Prize Fund. This is a music prize fund to be distributed to students. At the year end the fund
balance 15 £30012021.. £3001.
Friends of Birkdale School. This is to organise social events to support Birkdale School and its activities by helping
to harness the good will and expertise of present and former parents, Old Birkdalians and other friends of the
School.
21.
Summary offunds
Summary of funds- current year
Balance at i
September
2021
Transfer5
inlout
Balance at 31
Aueust 2022
Income
Expenditure
Designated funds
General funds
10,177,513
1.296,533
61,050
1199,3981
199.398
9,978,115
1.413,748
61,050
9,128.685
19.210,8681
Restricted funds
11,535,096
9,128,685
19,210,868)
11,452,913
Page 36

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
21.
Summary of funds Icontinuedl
Summary of funds- prlor year
Balance at
I September
2020
Balance at
31 August
2021
Transfers
inlout
Income
Expenditure
Designated fund5
General funds
10,300,254
1,163.800
1122,7411
122,741
10,177,513
1,296.533
8.716,777
18,706.7851
17381
Restricted funds
61,159
629
61,050
11,525,213
8,717,406
18,707,523)
11,535,096
22.
Analysis of net assets between funds
Analysls of net assets between funds- current year
Unrèstrieted
fund5
2022
Restrictèd
funds
2022
Total
funds
2022
Tangible fixed assets
Current assets
10,554.858
10,554,858
2,811,764
11,446.1111
1528,6481
61,050
2.872,814
11,446,111)
1528,6481
Creditors due within one year
Creditors due in more than one year
Totol
11,391,863
61,050
11.4S2,913
Page 37

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
22.
Analysis of net assets between funds Icontinuedl
Analysls of net assets between funds- prlor year
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Tangible fixed assets
Current assets
10,800.961
10,800.961
2,570,121
11,322.3681
1574,6681
61,050
2,631,171
11,322.3681
1574,6681
Creditors due within one year
Creditors due in more than one year
Tot¢71
11,474,046
61,050
11,535,096
2022
2021
Free resernes
Current assets- unrestricted
2,811.764
2,570.121
11,446,111) 11,322,368)
48.095
48.780
Les5 current liabilitie5
Add back current liabilities re fixed assets
1,413.748
1,296,533
23.
Reconciliation of net movement in funds to net cash flow from operating activities
2022
2021
Net lexpenditurellincome for the year las per Statement of Financial Aetivitiesl
182.1831
9,883
AdjustmentsAor."
Depreciation charges
Bank interest
393.037
16951
139
402,644
12.5601
12901
308,204
Lossllprofitl on the sale of fixed assets
Ilncreasel/decrease in debtors
Increase in creditors
1137,0961
124.428
21,857
Net cosh providedbyopen7ting qctivities
297.630
739,738
Page 38

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
24.
Analysls of cash and cash equlvalents
2022
2021
Cash in hand
2,271,526
2,166,979
Totul cash ondcosh equlvalents
2,271.526
2,166.979
25.
Analysis of changes in net debt
Atl
September
2021
At 31 August
2022
Cash flows
Cash at bank and in hand
2,166,979
148,7801
1574,6681
104,547
685
2,271,526
148,0951
1528,6481
Debt due within I year
Debt due after l year
46,020
1,543,531
151,252
1,694,783
26.
Penslon commltments
Teachers, Pension Scheme
The charity participates in the Teachers, Pension Scheme (England and Wales) I'the TPS'I, for its teaching staff.
The Teachers. Pension Scheme ITPSI is a statutory, contributory, defined benefit scheme. governed by the
Teachers, Pensions Regulations 2014. Mernbership 15 automatic for full-time teachers and, from l January 2007,
automatic for teachers in part-time employment following appointrnent or a change of contract, although they are
able to opt out.
The TPS 15 an unfunded scheme to which both the mernber and employer fflake5 contribution5, a5 3 percentage of
salary - these contributions are credited to the Exchequer. Retirement and other pension benefits are paid by
public funds provided by Parliament.
Valuation of the Teachers, Pension Scheme
The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in
accordance with the Public Service Pensions (Valuations and Employer Cost Capl Oirections 2014 published by HM
Treasury every 4 year5. The airn of the review 15 to specify the level of future contributions. Actuari315cherne
valuations are dependent on assumption5 about the value of future costs, design of benefits and many other
factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2016. The valuation report was
Page 39

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
26.
Pension commitment5 Icontinuedl
published by the Department for Education on 5 March 2019. The key elements of the valuation and subsequent
consultation are..
employer contribution rate5 set at 23.68% of pensionable pay, (including a 0.08% administration levyl
total scheme liabilities Ipensions currently in payment and the estimated cost of future benefits) for service
to the effective date of £218,100 million, and notional a55et5 (estimated future contribution5 together with
the notional inve5tment5 held at the valuation datel of £196,100 million giving a notional past service deficit
of £22,000 million
the SCAPE rate, set by HMT, is used to determine the notional investment return. The current SCAPE rate is
2.4% above the rate of CPI. assumed real rate of return is 2.4% in exces5 of prices and 2% in exce55 of
earnings. The rate of real earnings growth is assumed to be 2.2%. The assumed nominal rate of return
including earnings growth is 4.45%.
The TPS valuation for 2012 determined an employer rate of 16.48%, which was payable from September 2015. As a
result of the latest valuation based on membership data as at 31 March 2016, TPS employees will pay an increased
contribution rate of 23.68% from I September 2019 (this includes the administration levy of 0.08%).
The employerf5 pension costs paid to TPS in the period amounted to £907,30312021.. £889,028).
A copy of the valuation report and supporting documentation is on the Teachers. Pensions website. The next
valuation result 15 due to be implemented frorn l April 2023.
Under the definitions set out in FRS 102, the TPS is a multi-employer pension scheme. The charity has accounted
for its contributions to the scheme as if it were a defined contribution scheme. The charity has set out above the
information available on the scheme.
Defineil contrlbutlon penslon scheme
The Charity contributes to a defined tontribution pension scheme for the benefit of the non-teaehing employees.
The a55ets of the scheme are administered by trustees independent of the charitable company. The pension char8e
for the year includes contributions payable to this scheme Df £55,54512021'. £51,9291.
Page 40

BIRKDALE SCHOOL
IA company Ilmlted by guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2022
27.
Operating lease commitments
At 31 August 2022 the charity had commitments to make future minimum lease payments under non-cancellable
operating leases as follows:
2022
2021
Not later than I year
Later than I year and not later than 5 years
Later than 5 years
337,138
5.691
487,516
20,380
25,OCNJ
25,000
367.829
532.896
28.
Rèlated party transadions
Children of three current Governor5, Mr N Birchenall, Mr P R Houghton and Mr S U5hewokunze, attended the
School during the year. The children of Mr N Birchenall and Mr P R Houghton received scholarships.
Mrs C Harris and Mrs P Burch, spouses of senior leadership, were employed by the school and their aggregate
remuneration was £20,73012021.. £70,783).
Mr C l Burch and Mr P C H Harris, members of the senior management team, have children who attended the
school and were in receipt of a staff discount.
29.
Indemnity insurance
The charitable company ha5 taken out professional indemnity and Director5, and Officer5, Liability insurance.
Bank securitv
The bank loan with HSBC is secured by a debenture with first legal charges over the following properties..
Johnson Mernorial Building, 4 Endcliffe Crescent, Sheffield, SIO 3ED
Birkdale Preparatory School, Clarke House, Clarke Drive, Sheffield, 510 2NS
Grayson Building, 3 Endcliffe Crescent and 117 Ashdell Road, Sheffield, SIO 3ED
Belmayne House, 99 Clarkehouse Road, Sheffield, SIO 2LN
9 Endcliffe Crescent, Sheffield, 510 3EB
Page 41