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THE URSULINE PREPARATORY SCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024
Charity Number 1058282

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THE URSULINE PREPARATORY SCHOOL
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
CONTETrThS
PAGES
Trustees and professional advisers
Trustees, Annual Report
Independent auditorfs report to the trustees
Statement of financial activities
2to6
7t09
10
Statement of financial position
Statement of cash flows
11
12
Notes to the financial statements
13to20

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THE URSULINE PREPARATORY SCHOOL
TRUSTEES AND PROFESSIONAL ADVISERS
Registered charity name
Registered address
The Ursuline Preparatory School
The Ursuline Preparatory School
Great Ropers Lane
Warley
Bren￿Ood
Essex
CM13 3HR
Charlty number
Trustees
1058282
G Moule
Mrs F East
Mrs A Hyams
J O'shea
Auditor
M J Bushell Audit LLP
Chartered Accountants
& Slatutory Auditors
8 High Street
Brentwood
Essex
CM14 4AB
Bankers
Lloyds Bank PLC
Website
www.ursulineprepwarley.co.uk

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THE URSULINE PREPARATORY SCHOOL
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 AUGUST 2024
The ti'ii%tees present their report and the finaiicial statements of the charity for tlie yeai. ended
31 Aligiisl 2024.
These have been prepared in accordance with the accouiiting policies set out iii the notes to tlie financial
slaleinei)15 aiid coinply with Ilie chai'ity's governiiig document, the Cliarities Act 201 l aiid Accounting aiid
Reporting bji Charitie.s.' 8talemeiil of Reeonimeiided Practice applicable to charities preparing tlieir accoiints
Ai) accoi'daiice will) Ilie Fii)ai)cial Reportiilg Staiidard applicable ii) Ilie UK aiid Republic of Ireland (FRS102)
(efteclive 1st JanLiaiy 2015).
REFERII NCI AND ADMINISTRATIVE DETAILS
Reference and administralive details air sliown in the schedule of iiiistees and professional advisers on page
of the financial stateinents.
THE TRUSTEI ES
Tlie ti'iislees wlio served the charity during tlie year were ag follows-
G Molile
Mrs F East
Mrs A Hyains
J O'sliea
STRUCTURE, GOVII RNANCE AND IVIANAGEMENT
Governing (loeument
Tlie scliool 15 an Liniiicorporaled OlEanisatioi) IEgulated by ils Tiiist Deed dated 18th Sepletnber 1996.
Governing body
Tlie IrLlStees ale the governing body of the school. As set out iii the Ti'ust Deed. the scliool is &dtninistered
by iiol Inore Ihai) foiir 01- le5S thai) two triistees. New Irustees are appointed by a resolution of the existing
trLlStees at a special meeting called by the chairman or any two tnistees.
The triislees are provided with siiitable information and traii)iiig to enable them to adequately fulfil tl)eii'
dillies.
The li'uslees seek to coniply with advice detailed in the Cl)arity Goveniance Code as published by tlie Chai'ity
Coinmission of England and Wales.
OrgaJiisatiOn81 sti'ucture
The Ii'ustees. as the charity ti'ustees of tlie school, are legally responsible for the overall manageinent and
conti'ol of tl)e school and Inect at least tlii'ce times a ycai-. Tlie day to day iiiniiiiig of the scliool is delegated
to the head-teaclier who assi.sts and advise5 tlie IrLI.Stees and atteiids theii. Ineetiiigs.
Iii additioii, the ti'iislees have established a Board of Goveniors whicl) coiisi51s of tlic trLlStees, tlie head-
teacller, I'epresenlatives of tlie scl)ool staff, pareiils of pupils, the Romaii Catliolic faith and Ilie school's
Parents and Friends Associalion and other co-opted Ineinbei's.
Tlie Boai'd of Govemots usually meets once a terin aiid coiisiders Inalte￿ relatiiig to Ihe education of tlie
piipils and makes ￿comI￿e[]dat1OnS to the head-teacher and Iriistees.
Risk management
Tlie ti'ustee5 Loiifii'in that systeins have been eslablished to enable regulai. financial IErxiits to be pi'odiiced
and freqiient contact is Inade with tlie liead-teacher to disciiss issues which arise froin day to day. Iii addition,
as iiienlioned above, Ille liead-teachei. also attends the Ineetiiigs of Ilie ti-listees so that step5 cali be laken to
mitigale Ilie majoi. strategic, biisiness aiid operalional I'isks tliat the scliool faces.

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THE URSULINE PREPARATORY SCHOOL
TRUSTEES, ANNUAL REPORT (contlnuedj
YEAR ENDED 31 AUGUST 2024
OBJECTIVES AND ACTIVITIES
Piiblie benefit
The Iruslces coIifii'ni Iliat they liave complied willi tlie Irquircinent in tlie Cliaritics Act 2011 to l)ave due
I'egai-d to tlie Charity Commission giiidance on public benefit wlieii reviewiii8 our ainis aild objectives aiid
iii plaiiiiiiig OLII. future aclivilics.
Objectives
I"he object of the school is the provision of education. iiicliidiiig social and pliysical training and i'eligious
education, iii accordaiice with ihe doclrines aiid priiiciples of tlie Roinaii Catliolic faith to childreii between
Ihe ages of 3 and I l at the school.
The school 15 small and consists of nine classes all of which are situated in the one biiilding.
Aims
Tlie school seeks to give each pupil tlie opportiinity to fiiifil his or hei. full potential and tliereby biiild self-
coiifidence. Tlie school also aims to instil in each piipil a seiise of conimlinity aiid social re£poii8ibility-
Objectives of tlie y¢ai-
The fociis continiies to be on the achievement of the aims of the sclM)ol applied to the piipils as they inove
tlii'oiigli the scliool.
Revieiv of Activities and performallce foi. the year
Anotlier biisy yeai., but one that we appreciated as a very stable one, especially after the affects of Covid
dui'iiig Ilie last few ye<irs.
The childi'¢i) loved beiiig able to Piirlivipale in a vasl array of extra-curriculai. activities, cumpetiti0115 aiid
toiimamenls and have achieved a great deal.
We had 33 offets for secondary schools and 19 scholaJ5hip awards in a variety of disciplines includiiig
iiiiisic, sport, all-roiiiideis, langLiage and academic acliieveineiits.
PFA
Tlie scliool is siipported by a very active Parents and Fi'iends. Association ('The Ursliliiie PIEparatory Scliool
Pai'enls dnd Friei)ds' Associalioii, ("PFA")). Tlie object of Ilie PFA is to advai)ce tlie educatioii oftlie piipils
in the 8cliool in particiilar by-
developing effective I'elationships between ihe staff, pai'eiits and otl)eis llssocia￿d witli tlie scliool.
and
engaging in activities or providiii8 facilities or equipinent wl)ich support tlie scliool and advai)ces
tlie education of the piipils.
Evel'y pareiil is a iiieiiiber of Ilie PFA and it lias a I￿rd-WOrkIng cominiltee. The paitiils and staff tlioroiiglily
enjoyed participating in the i)onnal very well SLlPPOlted functions.
The PFA provided fiinds for a new Ininibiis for the whole school.

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THE URSULINE PREPARATORY SCHOOL
TRUSTEES, ANNUAL REPORT (continued)
YEAR ENDED 31 AUGUST 2024
ACHIEVEMENI'.S AND PF.RFORMANCE
Trips, sport anil Masses
Trips
Tl)e cliildren weir exposed to a ￿'eat variety ofexperiences. We took the children lo 33 differeiit venues to
enhance their academic, personal and physical development.
Speech, Di'ama and Publie Spexkillg
Once again, the ¢liildreii Sal ovei. 80 LAMDA exailliiiations and aLhieved l OOYO pass rate. We were deligl)ted
that 800/0 of children received the top distinclion award with the Temaining 200/0 acliieving the second grade.
Physical Education
We wei'e delighted to be able to participate in a vasl nuinbei. of spoitii)g fixtLires ai)d coiiipetilioiis.
We becaine Disli'ict Champions in atlilelics, girls, football, cross couiilry. leiiiiis. rugby, iietball and
swimming.
The children also acliieved regional siiccess in athletics, cross coiintry, iieiball. swimining and rligby.
Every single child in the top jiinioi. class represented Iheir school thi'oiighoiit tlie yeai-.
Art
Tlie children eille￿d tlie i'egional coinpetition wiiining 7 oul of l O eiiti'ies witl) 2 goiiig oli to Ilie Natioiial
finals. We weie delighted with ihis resiill as Art is an area of the curriciiliim which we are trying to develop.
Dance
Tlie cliildrcn competed iii Ihc ISA National Dance coin￿11110n, finisliiiig iii secoiid place.
MLISIC
Tlie cliildren aehieved l 00% ivi their Miisical Tlieatie aiid in all the individiial insh-uiment exams.
M41&ses
Jt ivas delightfiil to celebrate oui. Masses both in scliool aiid in the Bi'eiitwood Cailiedi'al. 11 was especially
Iiice to be back iii Brentwood Catliedral for oiir Christinas Sei'vice of Light and ihat tl)e pai'enls coiild atteiid
aiid shal'e it witli us.
Aclqdeniie siiccess
Tlie School is extreinely piY)ud of ils acadeinic achievemeiils, especially as we do iiot select children 011
acadeinic ability and we eiis111'e that children have a conlii)Iial patl) thiDugli to Ilie age of I l years.
We sat foi. 14 different secoiidary schools incliidiiig Winchester, Felsted, Lancing, Bi'eiitwood. New Hall
dl)d Ilie Esse,x aiid Keiil grdillinai. scliools. The class receiiied 32 offers foi- 5econdaiy scliools aiid 19
scliolarship awards in a variety of disciplines inclliding miisic, sport. all-roiiiiders, langiiage aiid acadeinic
acliieveiiieiils.

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THE URSULINE PREPARATORY SCHOOL
TRUSTEES, ANNUAL REPORT(
contlnued)
YEAR ENDED 31 AUGUST 2024
Aca(lemie success (evntd.)
We were deliglited with the SA T's IEsiill£ bealing the National average pass In8￿ by 23Yo aiid 26f/io and tlie
in-depth pass Inark by 57 /0 and 320/0.
Cllai'itable activities
Cal'e for othei'% is at the coir of oiir school and periiieates oiir 5cliool etlios. We aiiii to Imake our PLipiIs
aiyai'e th¢lt (hey live in a privileged ei)viroi)menl aiid Iliat tliere arc a greal iiuinbei. of childitii in Ihc woi'ld
who do Iiot have the advantages they liave. -1 o achleve this we seek to instil in thein a sense of benevolenee
aiid social i'espoiisibility. Tlieirfore, we wci'e dclighied tlial, oiice agaiii, the childreii i115tigated sevei'al
cliarity initiatives diiring the year and, along with ilieir parents, IEsponded extreinely well to the chai-ity
appeals.
The School Inanaged to raise £7,720 (2023: £6.253) Ihroiigliout tlie year for cliarities includiiig CAFOD,
Brain Reseaich, Gieat Onnond Street Ho.spital. Cliallenging MND. Childi'en with Cancel.. Brenlwood
Catliolic Childi'en's Society, The Cliildren's Society, Coiiiic Relief and BBC ChildiEn iii Need.
FI INANCIAL REVIEW
Resolirces inci'eased by £56,341 (2023: £35,938).
School fee iiicoine increased by £120,869 (2023: £139,490) reflecting an average increase of 6.60/0 (2023:
6.50/0) in aiinual fee chaiEes 011 I st Septeinber 2023. The iiicirase is pi'iinai'ily due lo a fee ii)ci'ease coupled
with nioi'e ptE-reception cliildren starling on a fiill time basis. Resoiii-ce5 expended iiicrea8ed by £1 fv1,251
(2023: £67,437) due pi'iinai'ily to (iL(Ideinic purcl)ase costs. Tlie PFA doiialed £54,271 (2023.. £19.541)
towaiyis a IninibLlS, gifts, flin day and other items for which the truslee.$ are exti'einely gi?tefiil.
£90.178 (2023: £14,555) was spent diii'iiig tlie year 011 langible fixed assets aiid at tlie year-eiid school fiinds,
all of wliicli are unre.stricted. stood at £1.227,042 (2023.. £1,170,701).
Tlie ti'ustees con5idei- the results foi. the year to be satisfactory.
Rese)'ves policy
At 3 1st Aiigiist 2024 tlie school's net CiilTent a55els aiE in deficit by £75,468 (2023.. £154,026). The rese￿eS
policy of the Trustees is lo continiie to build Lip fire reserves by iiieaiis of aiinlial iiicrLases iii rcsoiii'ces
vhei'e possible. However, thi5 is siibject to Ilie circiimslances prevailiiig each year whicli Inay mean Iliat it
will not be possible to PlDduce a SLlI'pILlS at that tiine.
PLANS FOR FUTURE PERIODS
The school coinimiinity is always working hard to impi'ove all aspects of Ilie educalioii offered to tl)e cliildreii.
We are a150 looking to coinpleting our ICT developments.
We also hope to further develop the Music Depaitmenl. witl) tlie inclusion of ali orchestra. Howevei.. willi
the iiiti'odiiction of VAT on school fees oiir plan is to consolidate 11)e acadeinic provisioii pi'ovided to all of
tlie cliildren at piEsent.
The Ti'LlStees woiild like to thank the Governors, Teachers, PFA and all tlie parents for the treinendous effoit
and SLlPPOIt they have pi'ovided. They have helped Inake 2023124 anoilier supei'b yeai. for all tlie children in
tlie School community.

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THE URSULINE PREPARATORY SCHOOL
TRUSTEES, ANNUAL REPORT (con¢lnuedJ
YEAR ENDED 31 AUGUST 2024
STATfi.MF.NT OF TRIJSTF,F.S' RESPONSIBILrriES
Tlie Ii'iislegs alE respoi)sible foi. prepariiig Il)e .1 I'uslees, Annual Rewrt ai)d the fiiiancial stalements in
accordance with applicable law And Uiiited Kingdom Accountiiig Siandards (Uiiited Kiiigdoin Genci'ally
Accepted Accoui)tiiig Pi'aclice). The law (Ipplicable to cliarilies iii England and Wales I'eqliires the triistees
to prepaie fiiiai)cial slateilleiits foi- eacli financial yeai. wliicli give a Iiue Iiiid fair view of Ilie state of affaiis
uf the cli¢ll'lty aiid of Ilie iiicoinii)g resources oiid applic¢ilion of Irsoui'ces of il)e cliarity for Ilial pei'iod. In
preparing these financial statements, the trustees are reqiiired 10-
select siiitable accounting ￿licieS and thei) apply Ihein consisleiiily.
' observe tlie Inethixls and pi'inciples in Ihe Charities SORP.
Inake jiidgements and accoiinting estiinates that are reasonable and pi-udent;
' state wliether applicable accoiinting standanls have been followed, subject to any material depaitui'es
disclosed and explaiiied iii the fii)aiicial 51ateineIits'
pi'epaiE the fiiiancial Slatemenls on the going conceni basis iinless it 18 inappropriate to PlESLime that
the chai'ity will contilllie in operation.
Tl)e Ii-ustees are responsible for kecping sit￿1Cle1)I accouiiting I'ecoi'ds that disclose willi reasonable &Lciii'acy
at aiiy time the financial positioii of the cliarity and enable ihem lo ensiire tliat tlie fiiiancial statemeiils coinply
witli tlie Charities Act 201 I, the Chaiily (Accouiils ai)d Rcpoi1s) Regiila110115 2008 aiid tlic provisioiis of il)e
trust (leed. Tliey air also I'esponsible foi. safeguardii)g the asseis of tlie cliai-ity and hence foi. takiiig IEa8onable
steps for the preveiitioi) and dcleclion of fi'alid ai)d other ii'regLilarilies.
half oftlie trustees
Si ia..Jk
77B289e030D541￿..
C MOULE
"I'ruslee
12 May 2025

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TH7E URSULINE PREPARATORY SCHOOL
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE
URSULINE PREPARATORY SCHOOL
YEAR ENDED 31 AUGUST 2024
OPINION
We have audiied the financial stateineiits of Tlie Ursliliiie Preparatoiy Scliool (tlie 'Cliai'ily') foi. die yeai.
ended 31 AiigiisÉ 2024 which coinprise Ihe Statement of Financial Aclivilies. 11)e Ilalaiice Slieel, the
Siateineiit of C¢tslI Flows and Ilie iioles to the finaiiciiil sllc teineiit5, iiicludiiig a siiiiiinai'y of sigiiificaiit
accoiiiitiiig policies. The financial repoi1ing fi'aineivoi* that has been applied iii theii- pi'epai'ation is
applicdble laiv aiid United Kingdoin Accouiiting Siai)dai'ds, ii)cliidiiig Fiiiaiicial Repoitiiig Staiidard 102 Tlie
Financial Repoi'fiJ?g ,giapidai'd applicable in ihe UK and Reijiiblic of li'elai7d (United Klilgdoi￿ (ienei'ally
AcLepled Accouiitii)g PiaLlice).
In oiii. opinion the finaiicial statements:
give a true and fail. view of the slate of tlie cliarily's affair5 a5 at 31s1 August 2024 atid of its ii)coiniiig
resoEirces and application of resoiirces foi. the year tlien ended.
liave beeii pi'operly pi'epared in ilCLoixlance will) United Kiiigdoin Geiierally Accepted Accoiinlii)g
Pi'aclice. and
have b￿n prepared in accoixlaiice wilh the requireiTJeniS of tlie Cl)arities Act 201
IIASIS FOR OPINION
Wc condiicted oui- aiidit in accoixlance with Intemational Standards on Aiiditing (UK) (ISAS (UK)) and
applicable law. Our i'espoiisibililies uiider tliose staiidai'ds ait fuitl)ei' described in t]ie Auditor's
i'esponsibililies foi. the aiidit of the financial stateinents section of Olir report. We are independeiit of tlie
chai'ity iii accoi'd¢inLe witli the eiliical i'eqLiiIEiiieiits 11)at are iylevaiit to Ilie audil of il)e finai)cial slateineiits
in the UK, incliiding the FRC'S Ethical Standai'd, and we have fiilfilled oiir other etliical ￿Sponsibl1111eS in
accoi'dance with tliese requireineiits. We I￿lIeve that tlie audit evidenLe we liave obiaiiied 15 SLifficient and
appropriate to pi'ovide a basis for oiir opinion.
IISK OF OUR REPORT
This iepoi'l is Inade solely to tlie cliai-ily's triLStees, as a body, in accoi'daiice witli Part 4 of Ilie Cliai'ities
(Accolints and Repoils) Regiilations 2008. Oiir a41dit work has beeli iindertaken so that we iiiight slate to the
cliai'ity's tl'L15lee5 11)ose Indtlers we at-e Irquii-ed to slate lo tliein iii ali audito¢s itporl and foi. iio otliei- PLII'POSe.
To the fiillest exteiit peiinitted l)y law. we do not accept or asstiine IEspoiisibility to anyone otliei- tliaii tlie
cl)ai'ily aiid tlie charity's ti-ustees as a l)ody, for oui. audit woi'k. foi. Iliis i'epx)rt, or for the opinioiis we have
forined.
CONCLUSIONS RELATING TO COING CONCLRN
Iii aiiditing the fiiiancial 51ateinents we liave concluded Il)al tlie ti'iistee5' Use OF the goiiig concei'n basis of
accoiintiiig iii the preparatioii of the fiiiancial stateineiits is appi'opi-iale.
Based oli tlie work we liave perfoi'med, we have not ideiitified any material uiicerlainties relating to events
or conditions tliat, individiially or collectively, may cast significant doiibt on Ilie cliai'ity's ability to coiitiniie
as a goiiig concem foi. a period of at least twelve illonths fi'oin when the financial statemeiits are aiithoi'ised
for i55LIe.
Oiii. I'e5ponsibilities and the i'esponsibilities of tlie trustees with respect lo going coiicern aiE described iii tlie
relevant sections of this itport.
OTHV.R INF()RMATION
Tlie otliei. infonnatioii coinpi-i5es tlie informatioii iiicliided in the TrLlStees' Annual Repoit othei- than tlie
financial statemenls and oiii. auditoi s I'eport Ihereoii. Tlie trustees al'e Itspoiisible foi. the otlier inforimation
coiilaiiied witliiii the anniial report. Oiir responsibility is to l'ead the other iiifoiinatioii and, in doing so,
coiisidei. whetlier ilie othei- infonnatioii is Inaterially inconsisleiil witli tlie financial stdleineiits oi. oui.
knowledgc obtained in the course of Ilie audit or other¥vise appears to be materially Inisstated. If we identify
sucli Inatei-ial incoiisisleiicies or appaient Inatei'ial Inisslaleinenls, we ait requiiEd lo deleriniiie wlielliei. Iliis
gives I'ise to a material niisstatement in the finaiicial statemeiits themselves. If, ba.sed on the work we have

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THE URSULINE PREPARATORY SCHOOL
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE
URSULINE PREPARATORY SCHOOL(
continued)
YEAR ENDED 31 AUGUST 2024
OTHER INFORMATION (COIYTINUED)
perfoi-med. Ive concliide tliat there is a material Inisstaleinent of this othei. infoi'illatioii, we are reqiiiiEd io
i'epoi'l tl)is fact.
We have notl)ing lo i'eport in this regard.
MATTF.RS ON WHICH WE ARF REQUtRED TO RF.PORT BY EXCEPTION
We Iidve iiotliiiig lo Irport iii iyspect of Ille following iiiatters iii relalion to wl)icli tlie Charities (ALcoiinls
and Reports) Regiilations 2008 reqiiire Ll.$ to repoit to yoii if, in our opiiiion".
Ilie ii)forindtioii given li) tlie truslees, Itpoi'l is iiiconsisteiit iii ￿]Y Iiialei'ial Irspecl witli the fiiiancial
stateinents. or
SLirricienl accoLintii)g iecoi'ds have not been kepi; oi.
the fiiiaiici1115tateineiits are not in agi'eeinenl wilh Ilie accoiinting iecord5 aiid ielui-iis. or
we have iiot i-eceived all the information aiid explaiiatioiis we requiiE for OLII. aLKlit.
RESPONSIBILI'fiEI S OF TRUSTEES
As explaii)ed morc fiilly in the Stateineiil of Ti'ustccs. Rcspoiisibililies set out on page 6, tlie trLlStecs are
iespoi)sible foi. Ilie pi'ep(Iralioii of fiiiaiicial slateinenls and for being salisfied Iliat they give a ti-lie and fair
view, aiid foi. SLich intei'nal control as the tri￿le¢S deterinine is iiecessaiy lo eiiablc the prepai'atioi) of fiiiancial
statenieiits thal aiE free fi'oin material mi5slatemeRt. wlietlier due lo fraud or error.
Iii preparing the financial slalemenls, Ilie trustees are responsible for assessiiig tlie chai'ity's ability lo
conliiiiie as a going concern. disclosing, as applicable, matters I'elaled lo going concern aiid usiiig Ihc going
cuiicei'ii basis of aLcouiiliiig uiiless Ille Irustees eithei. intend to liquidate tlie cliaiity or cease operation, or
liave no i'ealistie alternative biit to do so.
UDITOR'.8 RFSPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
We Iiave beeii appoii)led as audiloi- Lindei. section 144 of Ilie Cl)arilies Act 2011 and iepoil iii accordance
with the Act and ielevant regiilations Inade or liaving effect IhereiindeT.
Oiii. objeclives are to obtain Irasonable assiiraiice abolit wlielher tlie financial stateinents as a whole al'e free
froiii iiiatei'ial Inisslatcinenl, wheiliei. dlie to fr(iiid or error. aiid to issiie an (111(litoi s I'epoit tlial ii)cludes our
01)inioii. Reasonable a8siirance is a high level of assiiraiice bitt 18 not a gii81-aiitee that ali audit coiidiicled in
accoi'ddnce will) ISAS (UK) will alwilys dclccl a Inalerial Ini551ateinent wlieii it exists. Misslaleiiieiils cali
ai-ise from frnud or ermr and are considered material if. individiially or in aggregate. Ihey could reasoiiably
be expected to infliieiice the econoinic decisioiis of iisers laken on Ilie basis of these fiiiaiicial slaleinenls,
Tlie exteiit to wliich our proccdures are capable ofdetecting irirgularities, ijicludiiig fi'aiid, is delail¢d
below..
Maiiagemeiil overi'ide of coiitrols
Aiidiling the risk of management override of conti'ols, incliiding throligh testing joui'nal enti'ies
aiid oiliei. adjLlStineiils foi- appi-opriateiiess, aiid evaliialing Ilie business rationale of sigiiificant
ti'aiisactions outside tlie normal coiirse of biisiness.
Noii cuinpliaiice ivilli laivs aiid ieglilalioiis
F,nqiiiiy of Inanagcinent, tl)ose cliarged ivitli goveniance
Reviewiiig Ininiiles of Ineetings of those charged witli governance.
Revicwiiig fiiiaiicial staleineiil disLlosui'es aiid tesliiig to SLlPPOI'liiig d￿u]n¢t)1atioI] to assess
compliance ivitli applicable laws aiid iegiilations.

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE
URSULINE PREPARATORY SCHOOL (continued)
YEAR ENDED 31 AUGUST 2024
A fiii'iliei. desci-iption of oiii. I'esrK>nsibililies foi. Ilie audil of the fiiiaiici¢il 5t(Iteii)eiits is I￿ted on tlie Financial
Reporting Coiincil's website at..
.li'L.i)I'U Lik..'audiloi'i respon5ibililies. This description fonns part of oui. auditoi s ￿pOl.1.
21 May 2025
C.orllé voii Wielligh ACA (Senioi. Statlltoiy Auditor)
Foi. and on behalf of M J Biisliell Audit LLP
Chai'lei'ed ALcounlanls
Staftitory Auditoi.
8 High StireL Breiitwood, Essex, CMI 4 4AB

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 AUGUST 2024
Total Funds
2024
Total Fiiiids
2023
Note
INCOM
Donatioiis aiid Grants
IiiLoille froin cliai'ilable activities
54,271
2,238,610
19,541
2,088,686
T()TAL INCI)ME
2,292,881
2,1011,227
I XPENDITURE
Expeiiditiire 01) chai'itable activities
Oihei. expeTtses
TOTAL EXPENDITURE
(2,147,035) (1.989,371)
(89,505)
(82.918)
(2236,540) (2.072.289)
NET INCOME/(EXPENDITURE) FOR THE YEAR
56,341
35.938
RECONCILIA'fioN OF FUND
Total fiinds bi'oiighi foiivai'd
TOTAL FUNDS CARRIED FORWARD
1,170,701
1,134.763
1,227,042
1,170,701
The Statemei)t of F inancial Activities incliides all gaii)s and losses in Ilie year and 11)ei'efore
a statement of total recognised gains aiid losses l)as not been prepared.
All of the above amounts relate to conlinuiiig aelivities.
10-

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
CURRLI NT ASSETS
Stocks
Debiois
Cash at bank and in hand
10
1,302,510
1.324.727
1,559
680,704
J,080.457
2,112
593,207
197.457
12
1,762,720
792,776
CREDITORS: Amoullts falling due
within one year
13
(1,332,810)
(931,273)
NET CURRENT ASSETS
429,910
(138,497)
TOTAL ASSETS LESS CURRENT LIABILrriES
1,732,420
1,186.230
CREDITORS: Amounts falling duc
after more thAn one year
14
(505,378)
(15,529)
NET ASSETS
1,227,042
1,170,701
FUNDS
Unreslricled income funds
17
1,227.042
1,170,701
TOTAL FUNDS
1,227,042
1,170,701
12 May 2025
These financial Statements were approved by the twstees and authorised foi" issue on the ........................ and
al'e signed on their behalf by:
DocuSvJMd
77B289W3ODs41￿..
G MOUL
Ti'ustee

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
STATEMENT OF CASH FLOWS
YEAR ENDED 31 AUGUST 2024
2024
2023
Cash floivs from opei'ating activities
Net Incol￿e1(expend1Iure)
56,341
35,938
Adjiisliiienlsfoi"
DepiEcialion of tangible fixed assels
Loss on disposal of tangible fixed assets
Lo<in inlerest included in financing activities
A07,067
5,328
1,340
99,459
5,633
Changes 111."
Decreasel(Increase) in stock
(Iiicrease) in debtors
Increasel(Decrease) in creditors.. amolints falling due < lyear
liicreasel(DeLrease) in ci'editois- amounts falling due > lyear
553
(87,497)
401,849
499,953
(401)
(81,328)
(5,183)
Cash geneialed from operations
984,934
54,118
Interest receRved
Nel cash from opci'ating activities
984,934
54,118
Cash floivs from investlDg aetivities
Purcha.se of tangible assets
Disposal of tangible assets
(90.178)
(14,555)
Nel cash used in investing activities
(90,178)
(14,555)
Cash floivs from financing activities
Interest paid
Repayment of bank loans
(1,340)
(10,416)
(5,633)
(101,957)
Net cash used in investing activities
(11,756)
{107,590)
Net inerea5e in cash and cash equiV￿[entS
Cash cash equivalents at beginning of year
883,000
197,457
(68,027)
265.484
Cash and cash equivalents at end of year
1,080,457
197,457
12-

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
GFNERAL INFOKMATION
The entity is a I'egistered charity in England aiid Wales. T]ie address ofihe pi'incipal office is Old Gi'eat
Ropers, Gi'eal RnpeiB Lane. Warley, BIEntwood. Essex CM13 3HR.
BASIS OF PREI PARATION
'rhe fiiiaiicial sl<ttemeiils liave beeii piEpared in accordaiice willi 'Accountiiig and Repoi1ii)g by
Cliai'ities.. Statement of Recommeiided Practice applicable to chai-ities preparing their accoiints iii
accordan¢e with Ihe Financial Reportiiig Slandard applicable iii the UK ¢il)d Republic of I￿la1]d (FRS
102) (Sccond Edition), and the Fiiiancial Repoiting Standard applicable in the Uiiited Kingdom and
Republic uf li'¥land (Tr'RS 102) and Ilie Cliarilies Acl 201 l and UK Geiiei'ally Accepled Pi'actice as il
applies fi'oin l JanLiary 2015.
The financial stateinents have been prepared to give a 'true and fair, vieiv and have depaited from tlie
Chai'ities (Accoiints and Reports) Regiilations 2008 only to the extent reqUI￿d to pi'ovide a 'trLie and
fail. viei¥' Tliis depaitlire lias involved following 'Accoui)tiiig and Reporting by Chaiitics.. Stateimenl
of Reeorninended Pi7ctice applicable lo cliarities piepai'ing theii. accolints in accoi'dance w'ith the
Financial Reporliiig Staiidard applicable iii die UK and Republic of Iirlaiid (FRS 102) (Sccoi)d
(b.dition)' I'alher than tlie Accoiinting and Reporting by Charities- Stateinenl of Reconimended P17Ctice
effective fi'om l Api'il 2005 wliicli lias since been withdrawn.
ACCOUNTING POLICIES
Basis of accounting
The financial staleinenls liave been piepai'ed uiider Ilie Iiistoi-ical cost basis.
The financial stateineiits al'e PTEpared in slerling. wliich is the funclional curreiicy of t1￿ charity.
Going concern
Fee receipts contiiiue to be received and the 'frustees feel the￿ no material iincei1aiiities about tlie
charity's abil ity to coiiliiiiie.
C'i'itical accouJ]ting eytimates And ai'eas of judgement
In ihe application of Ilie School's accoiiiiting policies the Iriistees are Irquired to Tnake judgements,
estimates and assiimplions aboiil the carryiiig valiie of laiigible fixed assets. Tlie esliiiidles aiid
Iiiidei'lyiiig assiimplion5 are based on histoi'ical expei'ience and other tactors tliat ale considei'ed to be
relevant and air Irviewed oli ai) 01)going basis.
The key soui'ces of estiination uiicertaii)ly tliat have a significant effect 011 the amoiints recogjiised iii
the financial statemeiits air descTibed below.
Critical area5 of ju(Igement
T<iiigJible fixed assets repi'eseiit a significaiil proportioii of tlie School's luldl assets. Tl)erefoie tlie
estimates and assiiinptions iknade lo deterinine the carrying value and i'elated depiEciation are ci'itical
to tlie Scliool'5 fiiiaiicial position aiid pei'foriiiaiicc.
The depi'eLiation cliai'ge is dei'ived after deteniiiiiiiig ali esliinate of eacli asset's expected useful life
and expected residual valiie at the end of its life.
Fund ae¢ounting
Uni'esti'icted fiiiids are available for iise at the discretion of the IrLlStees to furtlier aiiy of the chai'ity's
objectives.
13

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES (eojiiiiiiied)
Income
SclTrool fees included iii Ilie academic ye<ir to wliicli they relate aiid are staled after the dediictioii of
Sibling aiid teacher discounts and any other allowances approved by the trustees.
Othei. incoine is iiicliided ivhen i'cceivable.
Doiiations frown the Pairiits aiid Friends Association towards specific expenditui'e air incliided when
5ucli expenditiire is incui'red.
Expenditure
Expendilure is included on ali accruals basis. Expenditure includes ilTecovernble VA'J. wliicl) is
repoited as part of the expenditure to which it IElates.
Cliarilable expenditiii'e cuinpi'ises Il)ose COSIS incuii'ed by the scliool iii tlie delivei')i of its activities and
seivices foi. its beneficiaries. It iiicludes both costs that can be allocated directly to sucli activities aiid
1110se costs of an iiidirecl iitttiii'e iiecessaiy to suppoi'l theiii.
Other expeiiditui'e incliides ihose costs &8wiated with Ineeting the con8tihitional and statiitory
IEquiI'ement5 of thc school and iiicludc the aiidit fee5 and costs a550cialed witli tlie slralcgic
Inanageinenl of the school.
Tangible fIxed assets
All fixcd assets costiiig moit tliaii £1,000 are capilali5ed. Taiigible fixed assets air cairied at cosl, nei
of. depreciatioii and any provisioii for impairinent.
Depi'eciation is ealciilated so as to write off the cost of an asset, less its esliinaled residual valiie, over
Ilie Lisefiil eLolloiiiiL life of Iliat assel as follows..
Fixliires & Fittings
Moloi. Veliicles
Leaseliold Property
Coinpiiteis
Playgi'ound eqiiipment
Straiglit line over 5 years.
25 % per aiiiiuin of iiel book valiie.
stiaighi line over 30 yeais.
sli'aighi lii)e over 3 years.
slrnight line ovei- l O years
Stocks
Stock is included at ihe lower of cost 01- net realisable value.
Debtoi
Ti'ade and oilier debt015 air recognised al tlic selllenieiit ainounl after any discounts offered.
Pi'epaymeiits are valiied at the amoiint prepaid net of aiiy discoiinls diie.
Ci'editor8 and provisions
Cirditoi's and piDvisions are reengnised Mihere tlie charity has a present obligation Itsiilting from a past
event that will pi'obably rcsult in the transfer of fiinds to a tliird paity arid tlie aiiioui)I due Io setlle Ilie
obligation can be Ineasured 01- estimated reliably.
14-

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLlCtES (eoiiiiiiiied)
Opei'ating lease agi'eements
Reiitals applicable to operating leases wlieiE substantially all of the beiiefits and risks of owiiersliip
reinaÉn willi the lessor al'e chai'ged against profits on a straight line basis over tlie period of the lease.
Financial Instruments
The school oiily lia5 finaiicial assets and liabilities of a kiiid tliat qualify as basic fiiiaiicial ii)sti'uinenls.
Basic financial instruments ale initially recognised at transaction value and SLibseqLienily measui'ed at
tlieii. se¢tleiiiei)t value. willi the exceptioii of bank loans, which are subsequently iiiea511red at ai)iortised
cost Lising the effective interest method.
Pension costs
The scliool coiili'ibiites to tlie 'l'eacliers' Peiisioii Defined Beiiefits Scheiiie at iales sei by Il)e Sclieine
Actiiaiy. Tlie scheine is A iniilii-einployei. pen5ioii scheme and il is not possible to ideiilify tlie assets
aiid liabilities of tlie scheme ￿,111Ch ale allributable to Il)e scliool. Tliei'efoi'e, in acLordai)ce witli FRS
17, the scheme is accounled for as a defined conlribLltion scheine.
The scl)ool also contributes lo a defined contribution peiisloii scheme foi. qualifyiiig slaff ivlio are i)ot
eligible foi. the Teachers, Pension t)efined Benefits Sclieme.
Coiitriblltions to both sclieines are cliarged in the Statement of Financial Activities iii accordaiice ivith
the rLiles of the schemes.
Bursaries
Bursaries a￿ awarded al tl)e discyelion of tlie trustees aiid are not ideiitified separately iii tlie fiiiaiicial
statements.
INCOME FROM DONATIOIYS AND GRANTS (UNRESTRicfED)
Total Thinds
2024
Total Piiiids
2023
Donations-Pai'ents and Friends Association
54,271
19,541
INCOME FROM CHARITABLE AcfIviTtES (UNRII STRicfE¢ D)
Total Funds
2024
Total fuiids
2023
School fees
Ollier ii)coine
2,180,638
57,972
2,059,769
28,917
2,238,610
2.088.686

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
EXPENDITURE ON CHARITABLE ACTIVITIES BY AcfIviTY TYPE (UNRESTRICTED)
Total Triinds
Total Fiiiids
2024
2023
Teacliiiiby (ind cal'e of childirn
Riiiiiliiig costs at)d Inainteii(IiiLe of school
1,599,107
547,928
.456,913
532,458
2,147,035
1,989,371
OTHLR EXPENDITURE (UNRESTRICTED)
Total Fiinds
2024
Total Fiiiids
2023
Adiniiiisliilion staff salaries
F.Inployei s NIC
IIisLII'diice
Accoiintaiicy fees
Audit fees
Bank chai'ges
Poslage, slatioiiery aiid leleplione
Othei. pension costs
Pi-ivate liealih ii)sui'aiice
Adveilisitig and website costs
Reiilal of office eqLiipiiienl
Pi'inting
Loaii Inteirst Paid
40,057
4,528
451
3,S34
7,200
1,502
14,469
2.003
1,852
223
3,888
36,003
3,769
2.971
6,060
1,570
12,193
1.800
582
3,888
8,449
5,633
1,340
82,918
NET 1Tr4COIVIE FOR THE YEAR
I'liis is stated after charging:
2024
2023
Staff pension contribiitioiis
Depreciation
ALiditoi's' fees
Opei-ating lease costs..
Laiid and bliildings
212,927
107,067
7,200
182,007
99,459
6,060
35,515
35,515
srAFF CO.STS AND EMOLUMENTS
To¢￿1 staff costs )vere A5 follow5:
2024
2023
Wages aiid salai'ies
Social seciii-ity costs
Other pension costs
Pi'ivate health iiisiirance
lJ98,331
144,518
212,927
42,463
.297.358
130,162
182,007
32,604
1,798,239
1,642,131
16-

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
STAFF COSYS AND EMOLUMENTS Icoiviiiiied)
ParlieuliQl'S of einployees:
The (ivei'age iiiiinbei. of eiiiployees dui'iiig tlie year iyas as follows:
2024
2023
Acadeimic
-Fiill Time
-Pail Tiine
-Fiill Tiine
-Part Tiine
18
Is
20
Ancillary
43
45
The number of employees whose reinuneration for the yeai. fell within the follomiing bands, wei'e:
2024
2023
£60,00 I to £70.000
£180,001 to £190,000
£190,001 to £200,000
Of t]iese, tliei'e aiE foiir employees accruing beiiefits under the Teacheis, Pension Seheime. F.Inployei'
contributions paid on theii. belialf amoiinted lo £66,373 (2023= 3 eniployees £43,849).
Key Inaiiageinent peisoiinel are considered lo be tlie Head Teaclier and the School BLirsai' who IEceived
total IEmuiieidtion of £266,388 (2023.. £246.562).
10. TANGIBLE FIXED ASSETS
Pla.Ygi'ouiid &
al'ly Yexrs
Equipment
LeAseholil
Irnproyenients
Fixtures &
Fittings
mOt￿r
Veliicles
Cornputers
Tol41
COST
At I Sep 2023
Additions
Disposals
At 31 Aiig 2024
1,974205
151,991
43,936
25,522
36,000
162,902
10,242
39,958 2,354,578
90,178
(5,375)
(5,000)
(375)
39,583 2,439,381
1,969,205
195,927
61,522
173,144
DEPRFCIATION
At I Sep 2023
Chai'ge for tl)e year
Disposals in year
At 31 Aug 2024
724,358
65,473
139,745
13.554
24,138
3,721
125,179
20,633
16,431
3,686
(47)
20,070 1,136,871
1,029,851
107,067
(47)
789,831
153,299
27,859
145,812
NEI T BOOK VALUE
At 31 Aug 2024
1,179,374
At 31 Aug 2023
42,628
33,663
27,332
19,513 1,302,SIO
1,249,847
12,246
1.384
37,723
23,527
1,324,727
I'he scliool signed a 99 year lease of11)e scliool biiildings dated 17111 May 1994 and a substaiitial aiiioiint
has been spent on refiirbishment and the conslruction of a i)ew scliool hall.
17

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
11. STOCKS
2024
2023
Stock
1,559
2,112
12. DF,BTORS
2024
2023
Tiade dcbtors
Othei. debtors
Pirpayinents
596,095
648
83,961
529,667
929
62,611
680,704
593.207
13. CREDITORS: Amounts fAlling due Jyithin one year
2024
2023
Bank loan (note 14)
'I'i'ade ci'edit013
PA YE and social security
Deposits lield
Fees i'eceived in advance
Fees in Advance Sclieine
A¢ci'iials
Olher creditois
223
535
6,496
15,291
50,000
720.524
16,773
780,666
338,408
139,931
138,397
30
1,332,810
931,273
14. CREI DrroRS: Amouiits fAlling due aftei. mol'e tlian one yeai.
2024
2023
Fees iii Advaiice Sclieme
Bank loan iepayable
499,953
5.425
15,529
505,378
15,529
The bank loan is itpay4ble &s follows:
Witliiii oiie yeai. (i)ole 13)
Belweeii two and five years
More than 5 years
223
535
1,078
2,742
5,6411
16.064
On 29 Septeinber 2017, tlie school drew doivii a loan of £450,000 froiii Lloyds Bank PIC to assist iyith
tlie fii)aiicing OF Il)e coiisti'uctioii of Ilie iiew scliool Iiall. Tl)e loan is secLlI-ed b)1 a firsl leg(Il cliai'ge
fiT)in the TrLlStees of Tlie lJr8111ine Preparatoiy School over tlie leasehold land and biiildings at Old
Gi'eal Ropers. Girat Ropers Lane. Warley, Breiilwood, Essex, CM13 3HR.
18

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
14. CRII DITORS: Amoiints falling due after more than one yeAI' (coiiliiiiied)
2024
2023
Tlie fees in advance fall diie as follows..
Within one year (note 13)
Between two and fivc years
More than 5 yeatS
1,119,074
440271
720,524
1,619,027
720,524
The scliool has in place a Fees in Advance Scheine to pix)vide a method ivheirby the cost of a child's
educalkoi) at the scliool can be rediiced by tnaking an advanced luinp suin paynient. AinoLiiils received
are applied to invoices foi. futtire terms as agreed. "rhe advanced paytmenl is iioii-refundable and forms
pait of the school's general futKIs.
15. COMMITMENTS UNDER OPERATING LEASES
The scliool was coininitted to making minimuin payments linder non-cancellable operating leases as
set oiit below=
2024
2023
Withiii oiie year
Iii two to five yeai's
Aftei- Imore tliai) 5 years
38,431
142,060
2262,743
44,263
144,976
2,298,258
16. CAprrAL COMMITMII NTS
The charity had no capital commitmeiits at tlie balaiice sheet date (2023- £5,000).
17. UNRFSTRICTED INCOME FUNDS
Balance at
I Sep 2023
BalAllce at
31 Aug 2024
Income
Expenditllre
General Flinds
1,170,701
2,292,881
{2,236,540)
1,227,042
18. REI LATED PARTY TRANSACTIONS
None of the trustees received any remiinei?tion or expenses duriiig tlie CUlTeiit or previous year.
19. PENSION SCHEMES
The school participates in ihe Teachers, Pensioii Scheine ("die TPS"), for its leacliing staff. Tlie
pension charge for the year incliides conlribution5 payable to the TPS of £191,399 (2023: £162.256)
and at the year end £0 (2023.. £0) was acciued in respect of coiitributions to this scheme.
19-

Docusign Envelope ID". D3AFE9EE-9FB8AD9C439&F3CED85F60D5
THE URSULINE PREPARATORY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2023
19. PENSION SCHEMES (ttsiiiliiiied)
Tlie TPS is an iinfiiiided Inulti-einployer defiiied benefits pension scheme goveimed by 'l'l)e Teac]ie￿.
Pensions Reglilations 2010 (as aiiiended) and Mie Teacliei3' Peiision Scheme Regiilations 2014 (as
ainei)ded). Meinbeis coi)tribute on a "pay as yoii go" basis with coi)Iribulions fi'oin Inembers aiid the
einployer being ciEdited lo the Exchequer. Retirement and other pensioii benefits aiE paid by public
ruiids pi'ovided by Pai'liainent.
Tlie einployei- coiili-iblilioii rale 15 Set by Ilie SeC￿l(lIY of State following sclieine valiiations
Iindei'laken by the CJovemmenl Aetiiary's Department. Tlie most IEcent actuai'ial valiialion of the
TPS was piepai'ed a5 at 31 Mai'ch 2020 aiid Ilie Valuatioii Report was publislied in October 2023.
rollowiiig Ilie Mccloiid jLidgen)eiit, tlie reinedy proposed tlial ivheii benefits become payable, eligible
Ineinbei's Can select to IEceive tliem froin eitlier the ￿fo11ned or legacy scheines for the period l April
2015 to J l March 2022. Tlie actliai'ies l)ave assuined tliat Iiien)beis are likely lo clioose tlie oplioii
tlial provides them witli the g￿ater benefils, and in prepariiig Ilie 2020 valuatioii has valued tlie
'gi'eater value" ￿ller]tS for groups of I'elevant Ineinbers.
The employer contributioii rate for tlie TPS 15 28.6/0, aiid employer5 ale also i'equired to pay a
sclieine adininistralion levy of 0.080/0 giving a lotal einployei- coiiti'ibLilion rate of 28.680/0.
Non-leaching staff are eligible to participate in a stakeholde￿ Pension 8clieme {"SP8") maiiaged by
Lcgal and Genei'al. The assets of the SPS air held separately fi-oin those ofiiie scliool. Durii)g tlie
yeai. tlie school conlribllted 5Yo of pensionable salaries of pailicipaling.stafTto tl)e SP8. The pensioi)
charge for the yeai. incliides conlriblltions payable to the SPS of £21,528 (2023: £19.750).
Thei'e were no ainoiints Linpaid or prepaid to eitlier scheine at tlie balaiice slieet dale.
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