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2025-08-31-accounts

REGISTERED COMPANY NUMBER: 03583140 (England and Wales) REGISTERED CHARITY NUMBER: 1070235

Report of the Trustees and

Financial Statements for the Year Ended 31 August 2025

for Ghyll Royd School

Walkers Accountants Limited Statutory Auditor and Chartered Accountants Aireside House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD21 4BZ

Ghyll Royd School

Contents of the Financial Statements for the year ended 31 August 2025

Page
Report of the Trustees 1 to 6
Report of the Independent Auditors 7 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 23
Detailed Statement of Financial Activities 24 to 25

Ghyll Royd School

Report of the Trustees for the year ended 31 August 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objects and public benefit

Ghyll Royd school is a registered charity whose charitable objective is the education of children aged 2 to 11. Any surpluses are re - invested in the charity for the purpose of enhancing the facilities and resources available.

The trustees are aware of and have complied with the duty in section 2 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charities Commission. One of the school's objectives is to make education at Ghyll Royd available to pupils whose families could not otherwise afford the fees through provision of assistance.

Pupils learn about charitable projects in assemblies, in lessons and through guest speakers. Pupils then organise charitable work to support local, national and international charities. This academic year pupils have been actively involved in raising funds for Macmillan Cancer Research, Royal British Legion, Children in Need, Comic Relief and . Motor Neurone Disease Association. In addition to this, the children collected items for a local homeless shelter and Ilkley Food Bank.

The strength of the school is founded upon its excellent pastoral care, enhanced learning opportunities in small classes with first class teachers and endless excitement beyond the classroom. Friendliness and consideration of others contributes to strong family atmosphere within the school. Children can relish their childhood whilst preparing for the senior school that best suits them. In October 2022, the Independent School Inspectorate visited Ghyll Royd and found that the school passed all areas of the educational quality and compliance inspection.

Objectives for the year

The board of trustees' main objective continued to be to educate all the school's pupils to at least the same high standard as achieved in previous years. The strategy for achieving this is to limit class sizes in order to maintain a high teacher to pupil ratio which allows tailored provision to suit the needs of individual pupil. Ghyll Royd is small enough to ensure there is a caring environment where each child is known and valued, yet is large enough to provide a wide range of facilities enabling the combination of excellent teaching with a great variety of activities. The aim is for the children to feel safe but at the same time challenged, and understand that good behaviour is highly valued, and unpleasantness is not accepted.

Principal Activity

The principal activity of the charitable company is to carry on and develop the school for the education of its pupils and to provide them with the appropriate facilities necessary for this purpose.

At the end of the academic year 2024/25 there were 77 pupils in the School and 40 children attended Pre-School on a part and full time basis. This compares to 79 pupils in the school and 40 children in the pre-school in the prior year.

Page 1

Ghyll Royd School

Report of the Trustees for the year ended 31 August 2025

STRATEGIC REPORT Achievements and performance

Review of Achievements and performance for the year

The pupils that left the school in July 2025 achieved a great success rate in their entrance examinations for Independent Senior school and in their SATs.

In order to attain the highest achievements, the school takes the best from the National Curriculum and goes beyond it to offer greater breadth and depth, through a ‘Learning Challenge’ Curriculum. The curriculum is designed to suit the needs of the children as they grow up in an ever increasingly technological world which demands not just the knowledge but also the skills to implement the knowledge.

In 2024/25 the school was shortlisted, for the seventh consecutive year, in the Independent School of the Year awards. Ghyll Royd received recognition in the Small School category for the way the pupil-voice is integrated throughout leadership decisions. Additionally, the school continued to be the top Independent School for SATs in the Wharfe Valley.

Broad horizons are developed unhindered by league tables and national tests. Nevertheless, there are assessments of effort and progress which pupils and parents receive regular reports on.

Being physically active is an important part of the school with the children taking part in a wide range of sports, focusing on rugby, hockey, cricket, netball, swimming and rounders. The Sports Hall and the pitches are in daily use by enthusiastic children and experienced coaches. This academic year the school retained Gold Activemark status for its dedication and passion in providing a varied sports curriculum, and over ten hours of physical activity per week. Following on from a previous year’s win in the National ISA football competition, the school has been placed in National competitions across Cross Country, Triathlon and Swimming.

The Creative Arts of Music, Drama and Art play an important role in the time spent by children in school. They are the spine that informs our education. Opportunities continue to exist for every child to learn and play an instrument, and all children take part in various opportunities to ‘perform’. In Art, children are encouraged to develop their creative talents, expressing themselves in a variety of ways and pupils are regularly recognised in regional and national competitions.

Access to the school

The school ensures wider access to our schooling with fee reductions being offered to many families. In 2024/25, 47 children in the school received support in the form of bursaries and scholarships.

The school is committed to enabling all young people to study at the school where they have met the minimum entry standards, regardless of the financial circumstances of their parents. In addition, support has been found to enable pupils to remain at the school where their parents have encountered serious financial difficulties. This broadens the social mix of pupils in the school and the trustees believe that this is of substantial benefit to both pupils and the community as whole.

The vision for Ghyll Royd includes opportunities to support the community. The school encourages partnerships with local maintained schools and participates in locally organised sports events with the Keighley and Craven School Games Organiser and also events organised between our Head of Sport and individual schools.

The school regularly invites local independent and state schools for sports fixtures and to use the facilities. The school hosted one of the Wharfedale Cross Country competitions with many surrounding schools attending.

The school grounds are regularly used by local businesses and sports clubs including Ilkley Harriers and Burley Trojans FC. Several organisations, including Olicana Gymnastics, use the sports hall each week both in the evenings and at the weekends. The hall is considered a valuable asset by numerous clubs in the community.

During school holidays, the school runs the highly popular Holiday Camp. The camp provides a safe, fun and structured multi-sports offering at a competitive rate. The camp is used by Ghyll Royd pupils and children from the surrounding areas. The hall is also available for birthday parties in the hall under the agreement that Mr O'Connor hosts the activities, strengthening our reputation with families in the area.

Page 2

Ghyll Royd School

Report of the Trustees for the year ended 31 August 2025

STRATEGIC REPORT Achievements and performance

Community links

Sports facilities including the sports hall are used extensively by local clubs throughout the year. Local schools take part in sports events and the holiday camp is attended by many local children.

The school employs 33 people, a large proportion of whom are based in the local area. Whenever possible, food and other supplies which are needed for the day to day running of the school are purchased locally. Maintenance work is carried out by local contractors.

Financial review

Annual review

The school pupil numbers have decreased to 77 and the number of children attending preschool remained at 40. This is slightly lower than the previous year and is near capacity in Pre-School and Nursery. It is the aim of the Management Committee and the Headteacher to achieve continued growth which is expected to be challenging due to the introduction of VAT and the impact of affordability for parents. The school are committed to minimise this impact because of the excellent quality of education and pastoral care provided by the school.

Reserves policy

Note 17 of the financial statements show unrestricted funds amounting to £167,307 (2024: £197,885). There are no funds freely available because of the amounts invested in fixed assets. The board has determined that the appropriate level of free reserves which are not invested in tangible fixed should be equivalent to 10 weeks expenditure, approximately £222,000.

Our policy is, therefore, to build up reserves to that level by means of annual operating surpluses. These are anticipated to be achieved over the medium term due to the regulatory changes which impact the school, predominantly VAT and removal of the business rates relief and also headline inflationary pressures on the cost base.

The board has continued to keep the overdraft facility under review to ensure that in the absence of any free reserves, it remains adequate to cover the school's working capital requirements.

Financial Review

The school has operated with a deficit in the year. Income continued to grow, increasing by 11% over the previous year, which was jointly due to increases in school fees and the success of the Pre-School and Nursery. Expenditure also increased by 9%, a significant proportion of this was due to wage increases for teaching staff and extra resources hired for SEND and maintenance of the school buildings and grounds.

The school shall carefully review its cost base coupled with expected inflationary cost pressures and determine an appropriate revenue model to ensure sustainable growth. All income is made available for investment in the school and its teaching resources, curriculum, marketing and pupil facilities.

Future plans

Key objectives:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 12 June 1998 and registered as a charity on 26 June 1998. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Page 3

Ghyll Royd School

Report of the Trustees for the year ended 31 August 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's articles are known as Members of the Management Committee.

The trustees of the charity have been put together to cover experience and knowledge in the areas of commerce, marketing, property, finance, law and legislation. All directors give of their time freely and share a passion and commitment needed to ensure the school remains a success.

As set out in the Articles of Association, one third of the trustees must return annually by rotation if necessary.

Organisational structure

The management team consists of the Management Committee; the Headteacher and Bursar/School Business Manager are invited guests at each meeting. Full Governing Board Meetings take place every term and Educational and Finance Sub Committee Meetings take place every term. Day to day organisation is conducted by the Headteacher, with periodic meetings and reports with the Chair of Governors or other governors where appropriate.

Induction and training of new trustees

Most new members of The Management Committee are already familiar with the workings of the school, and its charitable status. An induction meeting is led by the Chair of Governors, with other current members of the Governing body in attendance.

Areas covered at induction include the main obligations of a Governor and trustee in capacities, the operational framework for the Charity, resourcing and current financial position as set out in the published accounts, and future plans and objectives.

Key management remuneration

The trustees consider that senior management team comprises the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. All trustees give of their time freely and no trustee received remuneration in the year. Details of key management personnel benefits are disclosed in note 9.

The pay of the senior management team is reviewed annually and normally increased in accordance with average earnings.

Risk management

The trustees examine the major risks the school face each financial year when preparing and updating the strategic plan. The charity has developed systems to monitor and control these risks to mitigate any impact that they might have on the school in the future.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

03583140 (England and Wales)

Registered Charity number

1070235

Registered office

Greystone Manor Burley In Wharfedale Ilkley West Yorkshire LS29 7HW

Page 4

Ghyll Royd School

Report of the Trustees

for the year ended 31 August 2025

Trustees

D A Cunningham Ms A L Wood B Thomson (resigned 7.1.25) Mrs J Johnson (resigned 2.12.25) Mrs Z Monroe-Cochrane Ms M Connor (appointed 1.2.25) J K Wharfe (appointed 24.2.25) A N S Lester (appointed 5.1.26) S Dewedi (appointed 13.1.26)

Auditors

Walkers Accountants Limited Statutory Auditor and Chartered Accountants Aireside House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD21 4BZ

Senior Management Team

H Nicholson Head Teacher R Picken Deputy Head Teacher

Solicitors

Clarions Elizabeth House 13 - 19 Queen Street Leeds West Yorkshire LS1 2TW

Bankers

Lloyds TSB Bank PLC 45 Hustlergate Bradford West Yorkshire BD1 1NT

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Ghyll Royd School for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 5

Ghyll Royd School

Report of the Trustees for the year ended 31 August 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees 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 the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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 irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Walkers Accountants Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

........................................................................ D A Cunningham - Trustee

Page 6

Report of the Independent Auditors to the Members of Ghyll Royd School

Opinion

We have audited the financial statements of Ghyll Royd School (the 'charitable company') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' 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 the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' 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 the charitable company's ability to continue as 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 trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives 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 nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 7

Report of the Independent Auditors to the Members of Ghyll Royd School

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 8

Report of the Independent Auditors to the Members of Ghyll Royd School

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 (UK) 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 users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the Company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

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 Report of the Independent Auditors.

Page 9

Report of the Independent Auditors to the Members of Ghyll Royd School

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 auditors' 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 the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Day (Senior Statutory Auditor) for and on behalf of Walkers Accountants Limited Statutory Auditor and Chartered Accountants Aireside House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD21 4BZ Date: .............................................

Page 10

Ghyll Royd School

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 August 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
School Fees and disbursements
Investment income
3
Other income
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Teaching costs
Welfare costs
Premises costs
Administrative costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.8.25
Unrestricted
funds
£
2,217
1,139,062
2
79,928
1,221,209
37,781
931,199
66,167
173,143
43,497
1,251,787
(30,578)
197,885
167,307		 31.8.24
Total
funds
£
2,627
1,032,557
-
61,283
1,096,467
46,019
849,998
55,747
163,707
34,452
1,149,923
(53,456)
251,341
197,885

The notes form part of these financial statements

Page 11

Ghyll Royd School

Balance Sheet

31 August 2025

31.8.25
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
12
446,407
CURRENT ASSETS
Debtors
13
182,320
Cash at bank and in hand
132,531
314,851
CREDITORS
Amounts falling due within one year
14
(524,201)
NET CURRENT ASSETS
(209,350)
TOTAL ASSETS LESS CURRENT
LIABILITIES
237,057
CREDITORS
Amounts falling due after more than one year
15
(69,750)
NET ASSETS
167,307
FUNDS
18
Unrestricted funds
167,307
TOTAL FUNDS
167,307		 31.8.24
Total
funds
£
467,837
192,919
200,616
393,535
(583,487)
(189,952)
277,885
(80,000)
197,885
197,885
197,885

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

D A Cunningham - Trustee

The notes form part of these financial statements

Page 12

Ghyll Royd School

Cash Flow Statement
for the year ended 31 August 2025
31.8.25
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(66,478)
Interest paid
-
Interest element of hire purchase or finance
lease rental payments paid
-
Net cash (used in)/provided by operating activities
(66,478)
Cash flows from investing activities
Purchase of tangible fixed assets
(1,610)
Sale of tangible fixed assets
1
Interest received
2
Net cash used in investing activities
(1,607)
Change in cash and cash equivalents in
the reporting period
(68,085)
Cash and cash equivalents at the
beginning of the reporting period
200,616
Cash and cash equivalents at the end of
the reporting period
132,531		 31.8.24
£
71,452
(6)
(182)
71,264
(3,360)
-
-
(3,360)
67,904
132,712
200,616

The notes form part of these financial statements

Page 13

Ghyll Royd School

Notes to the Cash Flow Statement for the year ended 31 August 2025

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
31.8.25 31.8.24
£ £
Net expenditure for the reporting period (as per the Statement of
Financial Activities) (30,578) (53,456)
Adjustments for:
Depreciation charges 20,566 23,281
Loss on disposal of fixed assets 2,472 -
Interest received (2) -
Interest paid - 6
Interest element of hire purchase and finance lease rental payments - 182
Loan repayments (10,250) -
Decrease/(increase) in debtors 10,599 (163,664)
(Decrease)/increase in creditors (59,285) 265,103
Net cash (used in)/provided by operations (66,478) 71,452
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.24 Cash flow At 31.8.25
£ £ £
Net cash
Cash at bank and in hand 200,616 (68,085) 132,531
200,616 (68,085) 132,531
Debt
Debts falling due after 1 year (80,000) 10,250 (69,750)
(80,000) 10,250 (69,750)
Total 120,616 (57,835) 62,781

The notes form part of these financial statements

Page 14

Ghyll Royd School

Notes to the Financial Statements for the year ended 31 August 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The weak UK economy continues to affect the demand for independent school places and the trustees have prepared forecasts on the basis various pupil numbers and working capital assumptions to determine the school's funding requirements. The school continues to operate with a positive net income and has a positive net assets position, though it has net current liabilities of £151,046 (2023: £148,736). The school, like many similar bodies, relies for it working capital funding on the bank overdraft.These facilities have been agreed up to 8th June 2025.

Based on their review, the trustees have determined that the school is able to operate for a period of at least twelve months from the date of approval of the financial statements and accordingly, they believe that it is appropriate to prepare the financial statements on a going concern basis.

Income recognition policies

Items of income are recognised and included in the accounts when all of the following criteria are met:

Income received in advance is deferred until the criteria for income recognition are met.

Expenditure and irrecoverable vat

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Raising funds

Costs of generating funds comprise the costs associated with attracting voluntary income.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity

Allocation and apportionment of costs

Resources expended which relate directly to the charitable activities are analysed between;

continued...

Page 15

Ghyll Royd School

Notes to the Financial Statements - continued for the year ended 31 August 2025

1. ACCOUNTING POLICIES - continued

Allocation and apportionment of costs

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 2% on cost Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance

Improvements to property costing more than £1,500, together with fixtures and fittings costing more than £500 and all motor vehicles are capitalised.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated services and facilities

Donated services or facilities are recognised as income when the charity has control over the item. any condition associated with the donated item have been met, and receipts of economic benefit from the use by the charity is probable and that the economic benefit can be measured reliably.The value of services provided by volunteers has not been provided for in these accounts.

Debtors

Trade debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally at their settlement amount after allowing for any discounts due.

Financial instruments

The trust only has assets and liabilities of a kind that qualify as basic financial instrument. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loan which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.

continued...

Page 16

Ghyll Royd School

Notes to the Financial Statements - continued for the year ended 31 August 2025

1. ACCOUNTING POLICIES - continued

Government Grants

Grants received in relation to furlough are intended to cover costs and are therefore recognised in the profit and loss in the same period in which the related expense was incurred

2. DONATIONS AND LEGACIES

Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Fees and disbursements
Nursery fees and disbursements
Nursery grants
5.
RAISING FUNDS
Marketing expenditure
Staff costs
Advertising		 31.8.25
£
2,217
31.8.25
£
2
31.8.25
School
Fees and
disbursements
£
749,470
232,513
157,079
1,139,062
31.8.25
£
25,311
12,470
37,781		 31.8.24
£
2,627
31.8.24
£
-
31.8.24
Total
activities
£
688,334
228,430
115,793
1,032,557
31.8.24
£
36,354
9,665
46,019

continued...

Page 17

Ghyll Royd School

Notes to the Financial Statements - continued for the year ended 31 August 2025

6.
CHARITABLE ACTIVITIES COSTS
Teaching costs
Welfare costs
Premises costs
Administrative costs
7.
SUPPORT COSTS
Management
£
Administrative costs
17,252
Support costs, included in the above, are as follows:
Management
Telephone
Printing & stationery
Legal and professional fees
Finance
Bank charges
Bank interest
Hire purchase
Governance costs
Auditors' remuneration
Accountancy and legal fees		 Direct
Costs
£
931,199
66,167
173,143
18,358
1,188,867
Finance
£
1,087		 Support
costs (see
note 7)
£
-
-
-
25,139
25,139
Governance
costs
£
6,800
31.8.25
Administrative
costs
£
1,476
6,291
9,485
17,252
31.8.25
Administrative
costs
£
1,087
-
-
1,087
31.8.25
Administrative
costs
£
4,500
2,300
6,800		 Totals
£
931,199
66,167
173,143
43,497
1,214,006
Totals
£
25,139
31.8.24
Total
activities
£
1,847
6,045
6,594
14,486
31.8.24
Total
activities
£
1,030
6
182
1,218
31.8.24
Total
activities
£
4,500
5,247
9,747

continued...

Page 18

Ghyll Royd School

Notes to the Financial Statements - continued for the year ended 31 August 2025

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.8.25 31.8.24
£ £
Auditors' remuneration 4,500 4,500
Depreciation - owned assets 20,567 23,281
Deficit on disposal of fixed assets 2,472 -

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 31.8.25
£
809,641
63,482
19,477
892,600		 31.8.24
£
763,909
55,115
19,816
838,840

The average monthly number of employees during the year was as follows:


Teaching
Non - teaching		 31.8.25

17
19
36		 31.8.24
16
17
33

No employees received emoluments in excess of £60,000.

The key management personnel of the charity, comprise of the trustees, the Head Teacher Deputy Head Teacher and Finance officer. The total employments benefits including employer pension contribution of the key management personnel of the charity were £126,280 (2024; £117,073).

continued...

Page 19

Ghyll Royd School

Notes to the Financial Statements - continued for the year ended 31 August 2025

11. INTANGIBLE FIXED ASSETS

COST
At 1 September 2024 and 31 August 2025
AMORTISATION
At 1 September 2024 and 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024
12.
TANGIBLE FIXED ASSETS
Improvements
Fixtures
to
and
property
fittings
£
£
COST
At 1 September 2024
765,525
185,287
Additions
-
1,610
Disposals
-
(106,957)
At 31 August 2025
765,525
79,940
DEPRECIATION
At 1 September 2024
335,829
150,137
Charge for year
15,311
4,503
Eliminated on disposal
-
(104,484)
At 31 August 2025
351,140
50,156
NET BOOK VALUE
At 31 August 2025
414,385
29,784
At 31 August 2024
429,696
35,150
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments		 Motor
vehicles
£
36,765
-
-
36,765
33,774
753
-
34,527
2,238
2,991
31.8.25
£
171,774
1,621
8,925
182,320		 Goodwill
£
5,000
5,000
-
-
Totals
£
987,577
1,610
(106,957)
882,230
519,740
20,567
(104,484)
435,823
446,407
467,837
31.8.24
£
176,814
659
15,446
192,919

continued...

Page 20

Ghyll Royd School

Notes to the Financial Statements- continued
for the year ended 31 August 2025
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.25
£
Trade creditors
17,529
Social security and other taxes
16,459
VAT
53,724
Other creditors
6,702
Deferred income
391,261
Accrued expenses
38,526
524,201
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.25
£
Other loans (see note 16)
69,750
16.
LOANS
An analysis of the maturity of loans is given below:
31.8.25
£
Amounts falling between one and two years:
Other loans - 1-2 years
69,750
17.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.25
£
Within one year
1,236
Between one and five years
4,477
5,713
18.
MOVEMENT IN FUNDS
Net
movement
At 1.9.24
in funds
£
£
Unrestricted funds
General fund
197,885
(30,578)
TOTAL FUNDS
197,885
(30,578)		 31.8.24
£
11,853
9,331
-
7,753
537,932
16,618
583,487
31.8.24
£
80,000
31.8.24
£
80,000
31.8.24
£
949
246
1,195
At
31.8.25
£
167,307
167,307

continued...

Page 21

Ghyll Royd School

Notes to the Financial Statements - continued for the year ended 31 August 2025

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
1,221,209
1,221,209		 Resources
expended
£
(1,251,787)
(1,251,787)		 Movement
in funds
£
(30,578)
(30,578)

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are a
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.9.23
£
251,341
251,341
s follows:
Incoming
resources
£
1,096,467
1,096,467		 Net
movement
in funds
£
(53,456)
(53,456)
Resources
expended
£
(1,149,923)
(1,149,923)		 At
31.8.24
£
197,885
197,885
Movement
in funds
£
(53,456)
(53,456)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.9.23
£
251,341
251,341		 Net
movement
in funds
£
(84,034)
(84,034)		 At
31.8.25
£
167,307
167,307

continued...

Page 22

Ghyll Royd School

Notes to the Financial Statements - continued for the year ended 31 August 2025

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Name of Fund
Description, nature and purpose of the fund		 Incoming
resources
£
2,317,676
2,317,676		 Resources
expended
£
(2,401,710)
(2,401,710)		 Movement
in funds
£
(84,034)
(84,034)

General Unrestricted Fund: General Unrestricted Funds are for the charitable objectives of the charity.

Designated Unrestricted Funds:

Designated funds was for the purchase and installation of retractable seating system for the school.

19. EMPLOYEE BENEFIT OBLIGATIONS

The company operates a defined contribution pension scheme. Pension costs relating to this scheme amounted to £19,477 (2024; £19,817) during the year. There was outstanding contribution of £4,556 at the balance sheet date (2024; £5,629).

20. CONTINGENT LIABILITIES

It has been agreed with the landlords of the school premises that the rent liability of £383,999 will not now become due until such time as the school is merged with another school or if the school's activities and undertaking are taken over by another body.

Since neither of these scenarios are deemed probable this liability has not been recognised in the accounts.

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2025.

Page 23

Ghyll Royd School

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Deposit account interest
Charitable activities
Fees and disbursements
Nursery fees and disbursements
Nursery grants
Other income
Other income
Total incoming resources
EXPENDITURE
Marketing expenditure
Wages
Social security
Pensions
Advertising
Charitable activities
Wages
Social security
Pensions
Rent, rates, heat and light
Insurance
Sundries
School meals and milk
Books and equipment
School trips and visits
Repairs and maintenance
Motor expenses
Computer costs
Staff training
Temporary staff costs
Bad debts
Improvements to property
Fixtures and fittings
Motor vehicles
Carried forward		 Detailed Statement of Financial Activities
for the year ended 31 August 2025		 31.8.25
£
2,217
2
749,470
232,513
157,079
1,139,062
79,928
1,221,209
22,467
2,170
674
12,470
37,781
787,174
61,312
18,803
78,785
20,940
61,423
41,316
12,401
10,168
13,131
4,730
6,194
7,106
39,131
3,215
15,310
4,503
753
1,186,395		 31.8.24
£
2,627
-
688,334
228,430
115,793
1,032,557
61,283
1,096,467
32,413
2,969
972
9,665
46,019
731,496
52,146
18,844
62,545
19,198
54,629
41,019
12,741
9,947
9,697
8,176
5,582
7,617
21,535
-
15,310
6,974
997
1,078,453

This page does not form part of the statutory financial statements

Page 24

Ghyll Royd School

Detailed Statement of Financial Activities
for the year ended 31 August 2025
Charitable activities
Brought forward
Profit/Loss on sale of tangible fixed assets
Support costs
Management
Telephone
Printing & stationery
Legal and professional fees
Finance
Bank charges
Bank interest
Hire purchase
Governance costs
Auditors' remuneration
Accountancy and legal fees
Total resources expended
Net expenditure		 31.8.25
£
1,186,395
2,472
1,188,867
1,476
6,291
9,485
17,252
1,087
-
-
1,087
4,500
2,300
6,800
1,251,787
(30,578)		 31.8.24
£
1,078,453
-
1,078,453
1,847
6,045
6,594
14,486
1,030
6
182
1,218
4,500
5,247
9,747
1,149,923
(53,456)

This page does not form part of the statutory financial statements

Page 25