PEASLAKE SCHOOLS TRUST
Registered Charity No. 1034412
clo WINTERFOLD COTTAGE
wnYrERFOLD HEATH
ALBURY HEATH
SURREY
GU5 9EL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3151 AUGUST 2024
Index
Pages 2-4
Annual Report
Page 5
Independent Examiner's Report
Page 6
Income & Expenditure Account
Page 7
Balance Sheet
Pages 8-11
Notes to the Financial Statements
Pagelofll

TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31" AUGUST 2024
1.0 Reference and Administrative Information
Name . Peaslake Schools Trust
Registered Charlty 1034412
Registered Address:
Winterfold Cottage
Winterfold Heath
Albury H¢ath
Surr¢y
GU5 9EL
IA
Names of the Trustees
Trustees of the Chari
durin
earto 31 Au
st 2024
Chairn]an.'
Secretary:
Treasurer:
Mark Foster
Andy Clayton
David Newman
Trustees:
James Cobb
Moira Jones
Jevon Birchall
Samantha Pride
Emily Riley
Tom Southee
Sarah Small
Janette Welltt
Sara Dangcrfield
Co-o
ted Trustees
(sitting on the Executive Cornmittee)
Sara and Janette were made Trustees in March 2021 there are no co-opted trustees,
TRUSTEES ANNUAL REPORT
Page2ofll

FOR THE YEAR ENDED 31st AUGUST 2024
2.0 Structure Governance and Management
2.1 Nature of the Governing Document
The governing document is a consti￿tiOn for the charity which was drawn up in 1993 when the
trust originatcd. The Peaslake Schools Trust consists of a body of trustees who meet at least once
each school half term. A series of subconunittees are also in operation each with specific
responsibilities. The sub-committees a￿ as follows:
Finance. Audit and Operations
Education Policy and cU￿1CulUrn
Marketing, Parental and Community Liaison
Perforniance Management
2.2 Recruitment and Appointment of Trustees
Trustees are sought and recruited from two rnain sources, firstly the wider community within
which the school operates and secondly parent trustees drawn from parents of children who are
currently at the school. The constitution details that there should be a sufficient balance of external
trustees and this principle is stiictly adhw¢d to. Pot¢ntial trust¢¢s ar¢ vctt¢d by the Chainnan
before being approved by the Executiv¢ Committee and ratified at the next AGM. Truste¢s may
operat¢ in a co-opted, non-voting forni until they are fornially adopted at an AGM.
3.0 Objectives and Activities
The objectives of the charity are as follows:
Providing a home for nurscry and carly-years learning in the midst of our
community
Support to the Peaslake Free School
A secure and enjoyable transition from nursery to infant school for local children
An outstanding preparation for the next stage of education
A sustaining part of the life of Peaslake and the surrounding villages
The main activities are as follows:
Provision of nursery facilities for children over two and a half.
Ownership of premises which are used for both the nursery and the Peaslake Free
School.
4.0 Achievements and Performance
4.1 The main achievements for the year end 31, August 2024 is:
29th year of operation of the Trust.
Peaslake Free School opened in September 2013; the main school is substantially
funded by the LEA, the Trust made a £12.7k contribution to the Free School in this
operating year.
Thcrc are currently 18 children in the nursery.
The nursery head appointed in the prior year continued to make key improvements
to both the learning and faciliti¢s within thc nurscry and this h&s resulted in an
increase in the numbcr of children attending thc nurscry.
The nursery team are constantly revising their practice and trialling different ways
to cover all arcas of learning in the Foundation Stage. Therc was an Ofsted
inspection during the year and the nursey was rated as Good across all catcgorics.
7 children moved up to the Free School.
Page3ofll

TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31" AUGUST 2024 cont.
They have thanced their continuous provision, offering the children an
environment that is safe for them to explore, whilst challenging their learning and
allowing them the freedom to become more independent.
This was another good year for Fundraising. £23.7k was raised thanks to the
support of the school parents, the local community and the tremendous efforts of
the fundraising team.
The push to encourage local parents to use the nursery has again continued this year
with numbers increasing; having a ￿11 nursery is strategically important for the Free
School as many nursery parents choose to send their children to the Free School.
The building of the new nursery facilities which started in the summer of 2017 was
completed in January 2018. The staff and clLildren are enjoying the new facilities
and outdoor space. There was further investment in improving the outdoor
environment in this financial year.
5.0 Financial Review
Income increased by £41.6k in year to £132.Ok. The early years funding increased by £29.3k,
reflecting the increased number of sessions being taken up in the nursery. It was another successful
year for Fundraising, income increased by £0.5k to £24.3k. The Trust made a loss of £28.6k in
year, after depreciation, £18.9k less loss than the prior year. A donation of £22.Ok was made to the
Free School, £12.65k in the prior year. Nursery operational costs excluding depreciation and
donations to the Free School were £14.6k higher than the prior year. If depreciation is excluded the
Trust made a profit of £6.Ok in year. The Trust continues to have an extremely healthy cash
balance of £141.9k with marginal change from the prior year.
Mark Foster
Chairman of Trustees
Page4of11

INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF
THE PEASLAKE SCHOOLS TRUST
I report on the accounts of the Trust for the year ended 31 August 2024, which are set out on the
following pages.
Respective responsibllities of The Trustees and the Examiner
As the charity trustees, you are responsible for the preparation of the accounts, you consider that
the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my
responsibility to state, on the basis of the procedures specified in the General Directions given by
thc Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have
come to my attention.
Basis of Independent Exarnlller's report
My examination was carried out in accordance with the General Directions given by the Charity
Commissioners. An examination includes a review of the accounting records kq)t by the charity
and a comparison of the accounts presented with those records. It also includes consideration of
any unusual items or disclosures in the accounts, and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audit, and consequently I do not express an audit opinion on the view
given by the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
which gives me reasonable cause to believe that in any material respect the rcquirements
to keep accounting records in accordance with section 41 of the Act and
to prepare accounts which accord with the accounting records and to comply with the
accounting rquirernents of the Act
have not been met. or to which, in my opinion, attention should be drawn in order to enable a
proper understanding of the account to b¢ reach￿,
Heidi Dickinson CIMA (Management Accountant)
7 Langley Close
Church Crookham
Hampshire
GU52 6PX
Date:
II/oG/ZS
Page5of11

THE PEASLAKE SCHOOLS TRUST
Redstered Charity 1034412
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31st AUGUST 2024
Income
Note
2024
2023
Covenants and Pledged Donations
Donations
Fundraising Initiatives
Foundation Stage Income
Loan Fund tnterest
150 Club
Bank Interest Received
Miscellaneous
18,769
6,970
24,304
86,288
23,767
56,952
2,337
2,280
332
497
Total Net Income
132,036
90,470
Expendlture
Salaries
Sports Activities
Consumables
Educational spendin￿ Trips
Establishment
Maintenance
Other
Charitable DisbUrscm￿tS
Depreciation
85,496
72,081
1,925
2,515
9,656
376
4,022
22,000
34,658
1,381
1,822
9,190
2,276
2,647
12,650
35,940
Total Expenditure
160,648
137,987
Net Surplus l (Deficit )for the Year
(28,612)
(47,517)
Page6of 11

PEASLAKE SCHOOLS TRUST
istered Chari
1034412
BALANCE SHEET 31$t AUGUST 2024
Note
2024
2023
Fixed Assets
Freehold propety
Furniture and Equipment
Assets in Construction (AICC)
538,264
3,891
572,245
4,568
542,155
576,813
Current Assets
Debtors & prepaJTnents
Cash at bank & in hand
3,562
141,856
1,165
141,604
145,418
142,769
Current Liabilities
Creditors & accrued expenses
(950)
(4,347)
(950)
(4,347)
Net Current Assetsl (Liabilities)
144,468
138,422
Long Term Liabilities
Total Net Assets l (Llabilities)
£686 623
£712 235
Represented By:
Capital Reserves
454,899
483,511
Freehold Property Reserve
213,857
213,857
PPE Reserve
17,867
17.807
£686 623
£715 235
These financial statements were approved by the Trustees on Date
Chairn]an of Trustees
Treasurer
Page7of 11

PEASLAKE SCHOOLS TRUST
Re
'stered Chari
1034412
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st AUGUST 2024
ACCOUNTING POLICIES
For the year ended 31" August 2024 the Trust accounts have been prepared on an aCcn￿l
basis, as an income and expenditure account and balance sheet.
Accountlng Convendon
The financial statements have been prepared under the historical cost convention and in
accordance with applicable accounting standards.
Depreciatlon
Depreciation is charged on the following bases to reduce the cost of the Trust's tangible
fixed assets to their net realisable values over their estimated useful lives at the following
rate:_
Buildings
Furniture and equipment
20 years straight line
3 years straight line
Stock
Stock is valued at the lower of cost and nct realisable value.
Reserves
The reserves are held to ensure sustainability of operation if there is a shortfall in funding
over expenditure in any given year.
Pag¢8ofll

PEASLAKE SCHOOLS TRUST
istered Chari
1034412
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st AUGUST 2024_ CONTINUED
FIXED ASSETS
Freehold Furniture &
Property Equipment
AICC
Total
Cost
At 1.9.23
Additions
Disposals/Transfers
845,018
35.556
880.574
At 31.8.24
845,018
35,556
880,574
Depreciation
At 1.9.23
Charge for year
272.773
33.981
30,988
677
303,761
34,658
At 31.8.24
306,754
31,665
338,419
Wrltten DoTrvn
Value
At 31.8.24
538.264
3,891
542,155
At 31.8.23
572,245
4,568
576,813
Page9ofll

PEASLAKE SCHOOLS TRUST
istered Chari
1034412
NOTES TO THE FIIYANCIAL STATEMEIYTS
FOR THE YEAR ENDED 311t AUGUST 2024- coNfINUED
3. FUNDRAISING INITIATIVES
2024
2023
Peaslake Fair
Christmas Concert
Christsnas Fair / Events
Halloween Hike
Open Gardens
4,816
3,486
2,561
1.216
5,331
7,821
3,289
1,997
1,000
5,334
E !!
Albury Pr(Kluce Fair
Everest Base Camp
Easter Event
Teddy Bears Picnic
Quiz / Cinema Night
Summer trail & Raffle
Other
322
1,480
1,029
2.918
668
418
2,122
1,000
1,000
145
Net Sury)lus
24,304
23,767
4.FOUNDATION STAGE INCOME
2024
2023
SCC Grant funding (3 to 5 y¢ars) 54,088
Charges made to parents
32,200
40,141
16,811
Net Surplus
£86,288
£56,952
5. LOAN FUND INTEREST
The loan fund was deposited with the Charities Aid Foundation. Ownership of the capital sum
remained with the benefactor, but Peaslake Schools Trust received an income from the fund
equivalent to the interest earned on the moneys deposited. Benefactors were able to withdraw
the capital, without penalty, at short notice. The loan fund was closed during previous financial
years as the interest paid was too low to make this viable.
6. DEBTORS AND PREPAYMENTS
The debtors balance is made up of £3.5k for tax back from donations.
Page IOof11

PEASLAKE SCHOOLS TRUST
'stered Chari
1034412
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EIYDED 31st AUGUST 202& CONTINUED
7. CREDITORS
The creditor balance represents aCen￿lS for fundraising and audit costs.
8. CAPITAL RESERVES
2024
2023
Balance at I st September 2023
Surplus (Deficit) for the year
483,511
(28,612)
531,028
(47,517)
Balance at 31. August 2023
454,899
483,511
9. PROPERTY PLANT & EQUIPMENT RESERVE
This represents the cash raised for the new windows and the boiler as th￿C have been
partly fundcd tl]rough donations.
Page Ilofll