| Page | |
|---|---|
| ReferenceandadministrativedetailsoftheSchool,itsGovernorsandadvisers | 1-2 |
| Governors'report | 3-20 |
| Independentauditor'sreportonthefinancialstatements | 21-24 |
| Consolidatedstatementoffinancialactivities | 25 -26 |
| Consolidatedbalancesheet | 27 -28 |
| Schoolbalancesheet | 29 -30 |
| Consolidatedstatementofcashflows | 31 |
| Notestothefinancialstatements | 32 -60 |
| MONKTON | COMBESCHOOL | ||
|---|---|---|---|
| (Acompany | limitedbyguarantee) | ||
| REFERENCEAND | ADMINISTRATIVEDETAILS | OFTHESCHOOL,ITSGOVERNORSANDADVISERS | |
| FOR | THEYEAR | ENDED31AUGUST2025 | |
| Governors | ProfEGMcKendrick,Chair1,2,4,5 | ||
| RJPringle | (resigned27 | June2025)1,3,5 | |
| ALyttle1 | |||
| CBFillingham(resigned | 31December2024)2 | ||
| E SKHubbards | |||
| AJReid(resigned27June2025)1,2,3 | |||
| DRosser | |||
| EJShaw | |||
| MLSThomas | |||
| MRWhite2,3 | |||
| SBM Young1,4 |
|||
| RevSBarnes(resigned | 7December2024) | ||
| MSilver4 | |||
| JBester1 | |||
| JWright2 | |||
| 1 Member |
ofFinanceandStrategyCommittee | ||
| 2Member | ofMonktonEducationCommittee | ||
| 3Member | ofAllHallows | EducationCommittee | |
| 4Member | ofAuditand | RiskCommittee | |
| 5Member | ofPeopleandRemunerationCommittee | ||
| Companyregistered | |||
| number | 03228456 | ||
| Charityregistered | |||
| number | 1057185 | ||
| Registeredoffice | MonktonCombeSchool | ||
| MonktonCombe | |||
| Bath | |||
| BA27HG | |||
| Companysecretary | VLLocke | ||
| Principal | CWheeler | BA,PGCE(resigned31/8/2025) | |
| Independentauditor | CroweU.K. | LLP | |
| FourthFloor | |||
| StJamesHouse | |||
| StJamesSquare | |||
| Cheltenham | |||
| GL503PR | |||
| Bankers | NationalWestminsterBankPlc | ||
| Bath | |||
| BA11QF | |||
| Page1 |
| MONKTONCOMBESCHOOL | ||
|---|---|---|
| (A | companylimitedbyguarantee) | |
| REFERENCEAND | ADMINISTRATIVEDETAILSOFTHESCHOOL,ITSGOVERNORSANDADVISERS (CONTINUED) FORTHEYEARENDED31AUGUST2025 |
|
| Solicitors | VealeWasbroughVizardsLLP | |
| NarrowQuay | House | |
| NarrowQuay | ||
| Bristol | ||
| BS14QA | ||
| StoneKingLLP | ||
| UpperBoroughCourt | ||
| UpperBoroughWalls | ||
| Bath | ||
| BA11RG | ||
| InvestmentManagers | LGTWealth |
Management |
| OneLochrin | Square | |
| 92Fountainbridge | ||
| Edinburgh | ||
| EH39QA |
MONKTON COMBE SCHOOL
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MONKTON COMBE SCHOOL (CONTINUED)
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 misstatement in the financial statements or non-compliance with regulation. This risk increases 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 irregularities 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.org.uk/auditorsresponsibilities. 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.
Tara Westcott (Senior statutory auditor) for and on behalf of
Crowe U.K. LLP Statutory Auditor Fourth Floor St James House St James Square Cheltenham GL50 3PR
Date: 23 March 2026
Page 24
| MONKTON | MONKTON | COMBE | SCHOOL | ||||
|---|---|---|---|---|---|---|---|
| (Acompany | limitedby | guarantee) | |||||
| CONSOLIDATED | STATEMENTOFFINANCIALACTIVITIES(INCORPORATINGINCOME | AND | |||||
| EXPENDITUREACCOUNT) | |||||||
| FORTHE | YEAR | ENDED31 | AUGUST | 2025 | |||
| Unrestricted | Restricted | Endowment |
Total | Total | |||
| funds | funds | funds | funds | funds | |||
| 2025 | 2025 | 2025 | 2025 | 2024 | |||
| Note | £ | £ | £ | £ | £ | ||
| Incomeand | |||||||
| endowmentsfrom: | |||||||
| Donationsandlegacies | 16,917 | 344,793 | - | 361,710 | 403,542 | ||
| Charitableactivities: | |||||||
| Feeincome | 19,634,080 | - | = | 19,634,080 | 20,700,043 | ||
| Othereducational | |||||||
| income | 1,947,284 | - | - | 1,947,284 | 2,025,210 | ||
| Tradingactivities | 805,932 | - | - | 805,932 | 742,523 | ||
| Investments | 273,082 | 52,611 | - | 325,693 | 215,049 | ||
| Otherincome | 413,225 | - | - | 413,225 | 315,634 | ||
| Totalincomeand | |||||||
| endowments | 23,090,520 | 397,404 | - | 23,487,924 | 24,402,001 | ||
| Expenditureon: | |||||||
| Raisingfunds: | |||||||
| Trading | 645,903 | - | - | 645,903 | 637,254 | ||
| Marketing&publicity | 335,067 | - | - | 335,067 | 232,597 | ||
| Financecosts | 326,947 | - | - | 326,947 | 200,232 | ||
| Charitableactivities: | 10 | ||||||
| Costsofproviding | |||||||
| education | 20,852,533 | 577,485 | - | 21,430,018 | 21,655,968 | ||
| Totalexpenditure | |||||||
| carriedforward | 22,160,450 | 577,485 | - | 22,737,935 | 22,726,051 |
| MONKTONCOMBE | MONKTONCOMBE | MONKTONCOMBE | SCHOOL | |||
|---|---|---|---|---|---|---|
| (Acompany | limitedby | guarantee) | ||||
| CONSOLIDATED | STATEMENTOFFINANCIALACTIVITIES(INCORPORATINGINCOME | AND | ||||
| EXPENDITUREACCOUNT) | (CONTINUED) | |||||
| FORTHE | YEAR | ENDED31 | AUGUST2025 | |||
| Unrestricted | Restricted | Endowment |
Total | Total | ||
| funds | funds | funds |
funds | funds | ||
| 2025 | 2025 | 2025 |
2025 | 2024 | ||
| Note | £ | £ | £ |
£ | £ | |
| Totalexpenditure | ||||||
| broughtforward | 22,160,450 | 577,485 | - | 22,737,935 | 22,726,051 | |
| Net | ||||||
| income/(expenditure) | ||||||
| beforenet | ||||||
| (losses)/gainson | ||||||
| investments | 930,070 | (180,081) | - |
749,989 | 1,675,950 | |
| Net(losses)/gainson | ||||||
| investments | (16,463) | (5,644) | (13,200) |
(35,307) | 223,062 | |
| Net | ||||||
| income/(expenditure) | 913,607 | (185,725) | (13,200) |
714,682 | 1,899,012 | |
| Transfersbetween | ||||||
| funds | 21 - |
21,092 | (21,092) | - | - | |
| Netmovementin | ||||||
| funds | 913,607 | (164,633) | (34,292) |
714,682 | 1,899,012 | |
| Reconciliationof | ||||||
| funds: | ||||||
| Totalfundsbrought | ||||||
| forward | 24,759,062 | 734,243 | 933,268 | 26,426,573 | 24,527,561 | |
| Netmovementinfunds | 913,607 | (164,633) | (34,292) |
714,682 | 1,899,012 | |
| Totalfundscarried | ||||||
| forward | 25,672,669 | 569,610 | 898,976 | 27,141,255 | 26,426,573 |
| MONKTON | COMBESCHOOL | |||
|---|---|---|---|---|
| (Acompanylimitedbyguarantee) | ||||
| REGISTERED | NUMBER:03228456 | |||
| CONSOLIDATEDBALANCESHEET | ||||
| AS AT31AUGUST2025 | ||||
| 2025 | 2024 | |||
| Note | £ |
£ | ||
| Fixedassets | ||||
| Tangibleassets | 13 | 28,835,558 | 29,601,387 | |
| Investments | 14 | 2,532,436 | 2,496,368 | |
| 31,367,994 | 32,097,755 | |||
| Currentassets | ||||
| Stocks | 15 | 70,202 | 45,021 | |
| Debtors | 16 | 4,717,252 | 1,113,167 | |
| Cashatbankandinhand | 7,341,879 | 9,196,186 | ||
| 12,129,333 | 10,354,374 | |||
| Currentliabilities | ||||
| Creditors:amountsfallingduewithin | one | |||
| year | 17 | =(11,357,248) | (8,888,922) | |
| Netcurrentassets | 772,085 | 1,465,452 | ||
| Totalassetslesscurrentliabilities | 32,140,079 | 33,563,207 | ||
| Creditors:amountsfallingdueafter | more | |||
| thanoneyear | 18 | (4,998,824) | (7,136,634) | |
| Totalnetassets | 27,141,255 | 26,426,573 |
| MONKTON | COMBESCHOOL | |||
|---|---|---|---|---|
| (Acompanylimitedbyguarantee) | ||||
| REGISTERED | NUMBER:03228456 | |||
| SCHOOLBALANCESHEET | ||||
| ASAT31AUGUST2025 | ||||
| 2025 | 2024 | |||
| Note | £ |
|||
| Fixedassets | ||||
| Tangibleassets | 13 | 28,835,558 | 29,601,387 | |
| Investments | 14 | 2,532,439 | 2,496,371 | |
| 31,367,997 | 32,097,758 | |||
| Currentassets | ||||
| Stocks | 15 | 67,484 | 43,899 | |
| Debtors | 16 | 4,653,151 | 959,770 | |
| Cashatbankandinhand | 7,329,584 | 9,173,742 | ||
| 12,050,219 | 10,177,411 | |||
| Currentliabilities | ||||
| Creditors:amountsfallingduewithin | one | |||
| year | 17 | (11,489,808) | (8,923,655) | |
| Netcurrentassets | 560,411 | 1,253,756 | ||
| Totalassetslesscurrentliabilities | 31,928,408 | 33,351,514 | ||
| Creditors:amountsfallingdueafter thanoneyear |
more 18 |
(4,998,824) | (7,136,634) | |
| Totalnetassets | 26,929,584 | 26,214,880 |
| MONKTONCOMBESCHOOL | ||||||
|---|---|---|---|---|---|---|
| (Acompanylimitedbyguarantee) | ||||||
| CONSOLIDATEDSTATEMENTOFCASH | FLOWS | |||||
| FOR | THEYEARENDED31AUGUST | 2025 | ||||
| Note | 2025 £ |
2024 £ |
||||
| Cashflowsfromoperating | activities | |||||
| Netcashusedinoperatingactivities | 24 | 1,829,902 | 1,645,000 | |||
| Cashflowsfrominvestingactivities | ||||||
| Investmentincomereceived | 325,693 | 215,049 | ||||
| Proceedsfromthesaleoftangible | fixedassets | 186,280 | 938,308 | |||
| Purchaseoftangiblefixedassets | (642,283) | (789,735) | ||||
| Purchaseofinvestments | (71,375) | (70,718) | ||||
| Netcash(usedin)/provided | by | investingactivities | (201,685) | 292,904 | ||
| Cashflowsfromfinancingactivities | ||||||
| Decreaseinborrowings | (244,896) | (345,136) | ||||
| Repaymentsoffinanceleases | (4,356) | (4,357) | ||||
| Interestpaid | (326,947) | (200,232) | ||||
| Receiptofadvancedfees | 428,295 | 6,955,442 | ||||
| Release/refundofadvancedfees | (3,334,620) | (594,830) | ||||
| Netcash(usedin)/provided | by | financingactivities | (3,482,524) | 5,810,887 | ||
| Changeincashandcashequivalentsintheyear | (1,854,307) | 7,748,791 | ||||
| Cashandcashequivalentsat | the | beginningoftheyear | 9,196,186 | 1,447,395 | ||
| Cashandcashequivalents | attheendoftheyear | 25 | 7,341,879 | 9,196,186 | ||
| Thenotesonpages32to60 | form | part | ofthesefinancialstatements |
| TheSchooloffersparentsthe | TheSchooloffersparentsthe | opportunitytopayfortuitionfees in |
opportunitytopayfortuitionfees in |
advance | inaccordancewith a |
inaccordancewith a |
|---|---|---|---|---|---|---|
| writtencontract. | Thisistreated |
asdeferredincomeuntil | thefeesfor | eachtermare | chargedagainst | |
| theremaining | balanceandtakentoincome. | |||||
| Incomefromdonations | ||||||
| Unrestricted | Restricted | Total | Total |
|||
| funds | funds | funds | funds |
|||
| 2025 | 2025 | 2025 | 2024 |
|||
| £ | £ | £ | £ |
|||
| Donations | 16,917 | 344,793 | 361,710 |
403,542 | ||
| Total2024 | 63,351 | 340,191 | 403,542 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Interestoninvestments | 273,082 | 52,611 | 325,693 | 215,049 |
| Total2024 | 142,546 | 72,503 | 215,049 | |
| Otherincome | ||||
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| Gainondisposaloffixedassets | 27,283 | 27,283 | - | |
| Rentandlettings | 72,162 | 72,162 | 61,894 | |
| Sundryincome | 313,780 | 313,780 | 253,740 | |
| Total2025 | 413,225 | 413,225 | 315,634 | |
| Total2024 | 315,634 | 315,634 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Othercosts | 239,999 | 239,999 | 246,583 |
| Staffcosts | 405,904 | 405,904 | 390,671 |
| Total2025 | 645,903 | 645,903 | 637,254 |
| Marketing&publicityexpenses | |||
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Othercosts | 313,078 | 313,078 | 203,366 |
| Staffcosts | 21,989 | 21,989 | 29,231 |
| Total2025 | 335,067 | 335,067 | 232,597 |
| Financecosts | |||
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Discountonfeesinadvance | 155,248 | 155,248 | 24,472 |
| Onbankoverdraftsandbankloans | 171,699 | 171,699 | 175,760 |
| Total2025 | 326,947 | 326,947 | 200,232 |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | Total | ||
| 2025 | 2025 | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Teaching | 10,037,657 | 554,828 | 10,592,485 | 10,786,233 | |
| Welfare | 3,758,953 | 3,208 | 3,762,161 | 3,867,545 | |
| Premises | 3,943,473 | 19,449 | 3,962,922 | 2,984,083 | |
| Support&governance | 3,112,450 | - | 3,112,450 | 4,018,107 | |
| Total2025 | 20,852,533 | 577,485 | 21,430,018 | 21,655,968 | |
| Total2024 | 21,181,991 | 473,977 | 21,655,968 | ||
| Summarybyexpendituretype | |||||
| Staffcosts | Depreciation | Othercosts | Total | Total | |
| 2025 | 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Teaching | 7,983,096 | 665,772 | 1,943,617 | 10,592,485 | 10,786,233 |
| Welfare | 2,346,535 | 129,019 | 1,286,607 | 3,762,161 | 3,867,545 |
| Premises | 1,489,164 | 454,324 | 2,019,434 | 3,962,922 | 2,984,083 |
| Support&governance | 1,700,704 | - | 1,411,746 | 3,112,450 | 4,018,107 |
| Total2025 | 13,519,499 | 1,249,115 | 6,661,404 | 21,430,018 | 27,655,968 |
| Total2024 | 13,454,361 | 1,484,960 | 6,716,647 | 21,655,968 |
| Freehold | Fixtures | Assets | |||
|---|---|---|---|---|---|
| Landand | Furniture | and | under | ||
| Building | andplant | fittings | construction | Total | |
| £ | £ | £ | £ | £ | |
| Costorvaluation | |||||
| At 1September2024 |
36,921,963 | 4,593,186 | 26,219 | 203,252 | 41,744,620 |
| Additions | 282,775 | 359,508 | - | - | 642,283 |
| Disposals | - | (53,953) | - | - | (53,953) |
| Transfersbetweenclasses | 36,621 | - | - | (36,621) | - |
| Writtenoff | - | - | - | (125,940) | (125,940) |
| At31August2025 | 37,241,359 | 4,898,741 | 26,219 | 40,691 | 42,207,010 |
| Depreciation | |||||
| At 1September2024 |
8,962,202 | 3,154,812 | 26,219 | - | 12,143,233 |
| Chargefortheyear | 928,875 | 320,240 | - | - | 1,249,115 |
| Ondisposals | - | (20,896) | - | - | (20,896) |
| At31August2025 | 9,891,077 | 3,454,156 | 26,219 | - | 13,371,452 |
| Netbookvalue | |||||
| At31August2025 | 27,350,282 | 1,444,585 | - | 40,691 | 28,835,558 |
| At31August2024 | 27,959,761 | 1,438,374 | - | 203,252 | 29,601,387 |
| Assets | |||||
|---|---|---|---|---|---|
| Freehold | Furniture | under | |||
| property | andplantconstruction | Total | |||
| £ | £ | £ | £ | ||
| Costorvaluation | |||||
| At1September2024 | 36,921,963 | 4,593,186 | 203,252 | 41,718,401 | |
| Additions | 282,775 | 359,508 | - | 642,283 | |
| Disposals | - | (53,953) | - | (53,953) | |
| Transfersbetweenclasses | 36,621 | - | (36,621) | - |
|
| Writtenoff | - | = | (125,940) | (125,940) |
|
| At31August2025 | 37,241,359 | 4,898,741 | 40,691 | 42,180,791 | |
| Depreciation | |||||
| At1September2024 | 8,962,202 | 3,154,812 | = | 12,117,014 | |
| Chargefortheyear | 928,875 | 320,240 | - | 1,249,115 | |
| On disposals | - | (20,896) | - | (20,896) | |
| At31August2025 | 9,891,077 | 3,454,156 | - | 13,345,233 | |
| Netbookvalue | |||||
| At31August2025 | 27,350,282 | 1,444,585 | 40,691 | 28,835,558 | |
| At31August2024 | 27,959,761 | 1,438,374 | 203,252 | 29,601,387 | |
| Included inthelandandbuildingcostisfreeholdlandof |
£275,000withinthegroupand | £75,000inthe | |||
| School. | |||||
| Thenetbookvalueofassetsheldon | financeleaseatyear | endwere: | |||
| Plantandmachinery |
| 14. | Fixedassetinvestments | |||
|---|---|---|---|---|
| Listed | ||||
| investments | ||||
| Group | £ | |||
| Costorvaluation | ||||
| At 1September2024 |
2,496,368 | |||
| Additions | 71,375 | |||
| Revaluations | (35,307) | |||
| At31August2025 | 2,532,436 | |||
| Netbookvalue | ||||
| At31August2025 | 2,532,436 | |||
| At 31August2024 | 2,496,368 | |||
| Investments | ||||
| in | ||||
| subsidiary | Listed | |||
| companies | investments | Total | ||
| School | £ | £ | £ | |
| Costorvaluation | ||||
| At 1September2024 |
3 | 2,496,368 | 2,496,371 | |
| Additions | , | 71,375 | 71,375 | |
| Revaluations | : | (35,307) | (35,307) | |
| At31August2025 | 3 | 2,532,436 | 2,532,439 | |
| Netbookvalue | ||||
| At31August2025 | 3 | 2,532,436 | 2,532,439 | |
| At31August2024 | 3 | 2,496,368 | 2,496,371 |
| 15. | Stocks | ||||
|---|---|---|---|---|---|
| Group | Group | School | School | ||
| 2025 | 2024 | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Rawmaterialsandconsumables | 2,718 | 1,122 | - | - | |
| Catering,stationeryandconsumables | 67,484 | 43,899 | 67,484 | 43,899 | |
| 70,202 | 45,021 | 67,484 | 43,899 | ||
| 16. | Debtors | ||||
| Group | Group | School | School | ||
| 2025 | 2024 | 2025 | 2024 | ||
| £ | ra | £ | E | ||
| Duewithinoneyear | |||||
| Feedebtors | 4,065,501 | 422,711 4,065,501 |
422,711 | ||
| Tradedebtors | 59,551 | 150,810 | - | 2,596 | |
| Otherdebtors | 48,119 | 29,496 | 48,119 | 24,316 | |
| Prepaymentsandaccruedincome | 544,081 | 510,150 539,531 |
510,147 | ||
| 4,717,252 | 1,113,167 4,653,151 |
959,770 | |||
| Feesinvoicedinadvanceareshownwithincreditorsandamountspreviouslyinvoicedbut notreceivedby | |||||
| theBalanceSheetdateareshownaboveas | feedebtors.Thesignificantincreaseindebtorsisattributable | ||||
| toachangeintheaccountingtreatmentfor | autumntermfees. | Undertherevisedpolicy,incomereceived | |||
| inadvancefortheforthcomingautumnterm | isnowdeferredandrecognisedasa |
liabilityuntiltheterm |
|||
| commencesduetotheintroductionofVAT. | |||||
| Thetruedebtorpositionoffeesduethatremainoutstandingatthebalancesheetdateis£261,529(2024- £422,711). |
|||||
| Page48 |
| Creditors:Amountsfallingdueaftermorethanoneyear | Creditors:Amountsfallingdueaftermorethanoneyear | Creditors:Amountsfallingdueaftermorethanoneyear | ||||||
|---|---|---|---|---|---|---|---|---|
| Group | Group | School | School | |||||
| 2025 | 2024 | 2025 | 2024 | |||||
| £ | £ | £ | £ | |||||
| Advancefees(seenote19) | 2,146,868 | 4,188,776 | 2,146,868 | 4,188,776 | ||||
| Bankloans(seebelow) | 2,851,956 | 2,947,858 | 2,851,956 | 2,947,858 | ||||
| 4,998,824 | 7,136,634 | 4,998,824 | 7,136,634 | |||||
| Includedwithintheabove | areamountsfallingdueasfollows: | |||||||
| Group | Group | School | School | |||||
| 2025 | 2024 | 2025 | 2024 | |||||
| £ | £ | £ | £ | |||||
| Betweenoneandtwoyears | ||||||||
| Bankloans | 222,719 | 381,043 | 222,719 | 381,043 | ||||
| Betweentwo andfiveyears | ||||||||
| Bankloans | 978,269 | 1,199,832 | 978,269 | 1,199,832 | ||||
| Overfiveyears | ||||||||
| Bankloans | 1,650,968 | 1,366,983 | 1,650,968 | 1,366,983 | ||||
| Thebankloansandoverdraftare | securedbywayoflegalchargesoverseveraloftheSchoolproperties. | |||||||
| Theloansarerepayable | inequal |
monthlyinstalments,untildatesbetween | 2035and | 2044.Interest | is | |||
| payableontheloans,oneloanat | afixedrateof2.98%,oneatafixedrateof4.24%and | theotherata | ||||||
| variablerateof2.15%abovebaserate.Thenetbookvalueoverwhich | securityisheld | is£25,462,795 | ||||||
| (2024-£26,105,025). | ||||||||
| Page50 |
| MONKTON | COMBESCHOOL | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (Acompany | limitedbyguarantee) | |||||||||
| NOTESTOTHEFINANCIALSTATEMENTS | ||||||||||
| FOR | THEYEAR | ENDED31AUGUST | 2025 | |||||||
| 21. | Statementof | funds | ||||||||
| Statementof | funds | -current |
year | |||||||
| Balanceat | 1 | Balanceat | ||||||||
| September | Transfers | Gains/ | 31August | |||||||
| 2024 | Income | Expenditure | in/out | (Losses) | 2025 | |||||
| £ | £ | £ | £ | £ | £ | |||||
| Unrestricted | ||||||||||
| funds | ||||||||||
| Designated | ||||||||||
| funds | ||||||||||
| AllHallows- | ||||||||||
| Designated | ||||||||||
| bursaryfund | 10,540 | - | < | (10,540) | - | = | ||||
| Generalfunds | ||||||||||
| Trading | ||||||||||
| subsidiary | ||||||||||
| companies | 211,690 | 804,153 | (804,175) | < | - | 211,668 | ||||
| School | ||||||||||
| unrestricted | ||||||||||
| funds | 24,536,832 | 21,874,134 | (20,944,042) | 10,540 | (16,463) | 25,461,001 | ||||
| Eliminatedon | ||||||||||
| consolidation | - | 412,233 | (412,233) | - | - | - | ||||
| 24,748,522 | 23,090,520 | (22,160,450) | 10,540 | (16,463) | 25,672,669 | |||||
| Total | ||||||||||
| Unrestricted | ||||||||||
| funds | 24,759,062 | 23,090,520 | (22,160,450) | - | (16,463) | 25,672,669 |
| MONKTON | COMBESCHOOL | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| (Acompany | limitedbyguarantee) | ||||||||
| NOTESTOTHEFINANCIALSTATEMENTS | |||||||||
| FOR | THEYEAR | ENDED31AUGUST | 2025 | ||||||
| 21. | Statementof | funds | (continued) | ||||||
| Statementof | funds- | prioryear | |||||||
| Balanceat | Balanceat | ||||||||
| 1September | Transfers | Gains/ | 31August | ||||||
| 2023 | Income | Expenditure | in/out | (Losses) | 2024 | ||||
| £ | £ | £ |
£ | £ | £ | ||||
| Unrestricted | |||||||||
| funds | |||||||||
| Designated | |||||||||
| funds | |||||||||
| AllHallows- | |||||||||
| Designated | |||||||||
| bursaryfund | 10,540 | - | - | - | - | 10,540 | |||
| Generalfunds | |||||||||
| Trading | |||||||||
| subsidiary | |||||||||
| companies | (6,111) | 735,556 |
(517,755) | - | - | 211,690 | |||
| School | |||||||||
| unrestricted | |||||||||
| funds | 22,753,757 | 23,984,375 | (22,464,943) | 175,392 | 88,251 | 24,536,832 | |||
| Eliminatedon | |||||||||
| consolidation | - | (735,804) | 735,804 |
- | - | - | |||
| 22,747,646 | 23,984,127 | (22,246,894) | 175,392 | 88,251 | 24,748,522 | ||||
| Total | |||||||||
| Unrestricted | |||||||||
| funds | 22,758,186 | 23,984,127 | (22,246,894) | 175,392 | 88,251 | 24,759,062 |
| MONKTON | COMBESCHOOL | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| (Acompany | limitedbyguarantee) | ||||||||
| NOTESTOTHEFINANCIALSTATEMENTS | |||||||||
| FOR | THEYEAR | ENDED31AUGUST | 2025 | ||||||
| 22. | Summaryoffunds | ||||||||
| Summaryoffunds | -current |
year | |||||||
| Balanceat | 1 | Balanceat | |||||||
| September | Transfers | Gains/ | 31August | ||||||
| 2024 | Income | Expenditure |
in/out | (Losses) | 2025 | ||||
| £ | £ | £ |
& | £ | £ | ||||
| Designated | |||||||||
| funds | 10,540 | - | - | (10,540) | - | - | |||
| Generalfunds | 24,748,522 | 23,090,520 | (22,160,450) |
10,540 | (16,463) | 25,672,669 | |||
| Endowment | |||||||||
| funds | 933,268 | - | - | (21,092) | (13,200) | 898,976 | |||
| Restrictedfunds | 734,243 | 397,404 | (577,485) |
21,092 | (5,644) | 569,610 | |||
| 26,426,573 | 23,487,924 | (22,737,935) |
- | (35,307) | 27,141,255 | ||||
| Summaryoffunds | -prioryear | ||||||||
| Balanceat | Balanceat | ||||||||
| 1 | September | Transfers | Gains/ | 31August | |||||
| 2023 | Income | Expenditure |
in/out | (Losses) | 2024 | ||||
| £ | £ | £ |
£ | £ | £ | ||||
| Designated | |||||||||
| funds | 10,540 | - | - | - | - | 10,540 | |||
| Generalfunds | 22,747,646 | 23,984,127 | (22,246,894) |
175,392 | 88,251 | 24,748,522 | |||
| Endowment | |||||||||
| funds | 926,997 | - | - | (87,608) | 93,879 | 933,268 | |||
| Restrictedfunds | 842,378 | 412,694 | (473,977) | (87,784) | 40,932 | 734,243 | |||
| 24,527,561 | 24,396,821 | (22,720,871) | - | 223,062 | 26,426,573 |
| MONKTON | COMBESCHOOL | COMBESCHOOL | COMBESCHOOL | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (A | company | limitedbyguarantee) | ||||||||
| NOTES | TOTHEFINANCIALSTATEMENTS | |||||||||
| FOR | THEYEAR | ENDED31AUGUST2025 | ||||||||
| 24. | Reconciliation | ofnet | movement | infundstonetcashflow | fromoperating | activities | ||||
| Group | Group | |||||||||
| 2025 | 2024 | |||||||||
| 3 | £ | |||||||||
| Netincomefor | theyear(asper | Statementof | FinancialActivities) | 714,682 | 1,899,012 | |||||
| Adjustmentsfor: | ||||||||||
| Depreciationcharges | 1,249,115 | 1,484,960 | ||||||||
| Losses/(Gains) | oninvestments | 35,307 | (223,062) | |||||||
| Interestpayable | 326,947 | 200,232 | ||||||||
| Investmentincome | (325,693) | (215,049) |
||||||||
| Profitondisposaloffixedassets | (27,283) | (404,393) |
||||||||
| Decreaseinstock | (25,181) | 18,493 |
||||||||
| Increaseindebtors | (3,604,085) | (307,018) |
||||||||
| Increase/(decrease)in | creditors | 3,486,093 | (808,175) | |||||||
| Netcashprovidedby | operating | activities | 1,829,902 | 1,645,000 | ||||||
| 25. | Analysisofcashand | cashequivalents | ||||||||
| Group | Group | |||||||||
| 2025 | 2024 | |||||||||
| £ | £ | |||||||||
| Cashinhand | 7,341,879 | 9,196,186 | ||||||||
| 26. | Analysisofchangesinnetdebt | |||||||||
| At | 1 | Othernon- | ||||||||
| September | cash | At31 | ||||||||
| 2024 | Cashflows | changes | August2025 | |||||||
| £ | £ | £ | £ | |||||||
| Cashatbankandinhand | 9,196,186 | (1,854,307) | - | 7,341,879 | ||||||
| Debtduewithin | 1year | (363,645) | 244,896 | (95,902) | (214,651) | |||||
| Debtdueafter1 | year | (2,947,858) | - | 95,902 | (2,851,956) | |||||
| Financeleases | (8,037) | 4,356 | - | (3,681) | ||||||
| 5,876,646 | (1,605,055) | - | 4,271,591 | |||||||
| Page59 |