Registered number
03518506
Charity number
1073476
Emmaus School Ltd
(A company limited by guarantee)
Report and Accounts
For th¢ Year Ended
31 August 2024
OAken$en Llnjfited
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE

Emmaus S¢hool Ltd
(A company limited by guarnitee)
Trustees Annual Report
The trustees, who are also directors for the put])oses of company law> present their report and the
iaudited fmancial stateTh￿ts of the Clwiry for the year ended 31 August 2024.
STRUCTURL GOVERNANCE AND MANACEMENT
GovernlD% Do£un￿￿t
Enunaus School És a colljpany lilllltcd by guaTantee govemed by its MernoraDdum and Articles of
Association dated 27 February 1998. and registered a5 a cbaTity with the Charity CornTDi5sion for
England and Wales frorn 25 j￿￿ary 1999. an￿nded by special resolution on 22nd December 1998.
AppDlntment of trnstees
New trustees are selected and appointed directly by the existing trustees. for a period of 3 years.
following which they njay stsnd for T￿l￿tiO
Or%&ni8AtxollAI structure
The company is controlled by the Mamagernent CoTllmitt¢¢ (GOv￿10r&j. most of VALQM ar¢ th¢ trustees
and dircctors. Day to day managrnt is delegated to the Malla￿t tery which Consists of the
h¢ad t¢a¢Fter and senior staff.
The major risks to which the Charity 13 exposed, as Ad¢ntified by the trustees, have been reviewed and
systems orprocedur¢s hav¢ been established to manage those risks.
ORIECTIVES AND ACTIVITIES
ObJe£dves and *ctlvi¢ie3
To advanc¢ the ¢ducation of chimren and young people by the provisron of a school and support for
parents undertaking hon￿ schooling in accordance with the s¢bool's Staten￿t of Faith.
The school aims to educate children to a high standard. Ati preparntion for contaiipw society, in a
supportive and happy envirotiment vthich caters for the Deeds of the individual.
PUBI.IC BENEFrr
In sctting obj'ectives and plamiing activtties trustees have tsken note of the Charity Commission
guidance on public benefit.
A5 a noll-5elective school with high teacherlpupil ratios, F.mmau5 School is ablc to provide edu(ation
for pupils with modeTHte educational needs. This not only ￿ll£eS the burden OD the state systvrry but
also ensures that these individua15 exceed academic eweclations way that W0￿]d not be p0S￿ble
en the over-strctched resowces of the statc sector. Pupils leave the school literat4 nutwat¢ self-
confident and crnployable. Jn the majority of c&ses. GCSE results exceed expcctations. In the school
year cnditig 2024. the pupils achieved excellent GCSE results. IOOYO of pupils achieved at lea8t 6
GCSES at Grades 94. al￿ IOOO/fj of pupils passed GCSE Maths and English.
Such r¢su]ts May not have been the case without the opportUDity to benefit from small class size8. and
individual attention, at minimum ¢ost to the parents. Th¢ s¢bool offers a limited number of places for
pupils who bave an Education Health and Care Plan (EHCP). During the academic year ending 31
August 2024. there w&s one pupil with an EHCP for sp¢cifi¢ learning difficulties.
There is an increasing demand for places in the se¢ondary departtneDt for pupils who are school
r¢fustts. and it has proved possible to re-integrnt¢ thenLinto school lif¢ and wat¢h thenLthrive.

Emmaus School Ltd
(A Company limited by guarantee)
Trustees Annual Report
The school a]so Provides support for parents who home-school tbeir children. This is in the forni of
flexi-schoolittg where children atteDd school part tim¢ while undertaking the remainder of their
schooling at home, or attend lessons iti subje¢ts which require core specialist equipment such &$
science or food and nutrition. The school also allows privafr condidates to enter GCSE examinations.
The scbool is as a non-profit rnaking orgaDisation and fees are kept to a Mini￿ to ensur¢ wid¢st
possible access. A meaDS-tsst¢d fee support or assisted place scheme op¢rdt¢s. with a range of
coneessions based on family cwrently amounting to 230/Tr of total fees. Jn the year ending August
2024, 21 pupils (32 percent of pupils OD th¢ 8¢hool roll) benefitted from this S¢be￿￿.
ACHtEVEMENfs AND PERFORMANCE
During the year eDding 31 August 2024, the school continued to provide high quality edu¢ation for
children and young people, and support for parents who home school. The School is a registered
eL4mination centre with AQA alld Ed¢x¢¢l and provides a service for private GCSE ¢aDdidates to sit
their examinations.
The School provides work experien¢e for pupils from local comprehensive schools and ¢olle8¢& as
well as placements for students from the UK attd abroad who are in higber education. It a150 provid¢8
educational placements for swdents from selected schools, colleges and univ¢sities Europe who
wish to improve their English and experience English education.
Th¢ H¢adt¢acher has experience as a school Énspector and support8 other small schoo]s in the South
West. assisting them iti meeting tILe Independent Schools Inspectorate Standards &$ well &$ provlditig
metttoring support for Heads of snwll ￿h￿oIS in b(Trth the state and independent sectors. Th¢
Headteaeher is also ott the kadership tegm of the Chri5ti4n Schoojs, TrJst whicb serves indcpelld¢nt
Christian schools.
All pupils coThliDue ft) benefit from the smalL famity atrllosphere and reportthat they feel 8af¢. a¢¢epted
and do not experA¢nee negatAve peer pressure. This has a p)sitive irnpaa ott their education and
character. and stands them iti good stead when they move ott to sixth forni or employment. The school
offers 8¢ limited number of places ¢v¢ry y¢ar to pupils who have E¢eD bullied in other settings. or who
have Some degree of anxiety which is alleviated by being in a smaller selling with more individual
att¢ntion from teach￿S. The school h&$ provided fi￿ding for a Sp¢cial Edu¢a¢ional Needs Co-
ordinator who has successfully provided emotional litw support to two pupils in the school over the
year eDding August 2024.
Pupils, progress is moDitOTed by aDnual tests ID reading attd sp¢lling which allow teachers to compare
pupils to the national average in ¢aeh year group. Cognitive Abilities Tests (CATS) ar¢ used annu￿lY
from 4 to test the cbildren's potential ITh th¢ three areas of verbal, quantitative and non-verbal
reasoning. Jn the secondary departsnenl these tests give a¢¢urat¢ pr¢di¢tions of the GCSE
individual pupils can be ¢xpethd to a¢biev¢. Since it is not possible to 'teach to the tesv. lessons are
devoted to teaching rather than preparing pupils to perforn) well in tests. Pupils also tak¢ end of topi¢
tests throughout the year and senior pupils have an aDnual exam w¢¢k io th¢ summer ternL The
att21t￿t prOr￿e of the School is above avernge whil¢ Emnjaus S¢hool do¢s not select pupils on
tbe basis of ability. pupils, achi¢vem¢nt is in litie with that of selective schools. Pupils with nyxl¢rate
special edUc￿lOnal needs usually a¢hiev¢ beyond expectations, which increases their confidence al
gives them OPPOEWDity to pursue a Meatiing￿l career when they l¢av¢ school.

Emm2u$ School Ltd
(A company limited by guarantee)
Trnste¢s Annual Report
FINANCIAL REVIEW
The Clwity made operatiot)al deficit of £27,968 (2023 surplus £50,289). The Charity had sutplus
Iestricted income of £148.406 (2023 sU￿lUS £12.150} for the building r¢s¢rye. This resulted in the
Cknitymakiog an overdll sutplus of £120.438 (2023 sutplus £61439).
The utirestricted operating fund represents the Charitys free rese￿e4 whicb are retsined to provide
initial funding for educational support, supplies and general costs of the s¢hool. This fimd has
decreased to £28,883 duriDg the f]n3ncial yEar (2023 dccrc&sc to £66.370).
In¢ome of £148,406. including gift al￿ was r￿e1ved for the Premises Appeal Fund (2023.. £23,992). In
cornTneDcing work on the school building extension. expenditlre of £48.437 paid for from the Premises
Appeal Fund created an Asset Under Construction of £48.437 h¢ld in the PreTlli8es Capitsl Expenditijre
Fwid left thc Premi￿ Appeal Fund standing at £551,155 at 31 Awt 2024 (£451.186 as at 31
AU￿ 20231.
RESERVES POUCY
The TTUStees' &8piration is to hold at I￿t six weeks, operaiing expenditure in reserve in order to meet
anyunforeseen day-to-day operational costs or short-tum dcficits in cash tlow.
PLANS FOR FUTURE PERIODS
The Charity has ￿hieved planning approval with the local council for plans to ¢xtend the school
building in ord¢r to provide better facilities. The d¢velopmcnt of th¢ 5it¢ is expected to proceed
inm)in¢ntly.
REFERENCE AND ADMtMSTRATIVE DETAILS
Chority number..
Company number:
Regist¢r¢d Office:
Our Advlsors
Examiners.. Oakensen Limits& Bryer Ash Busitiess Park Trowbridge, Wiltshire, BA14 8HE
Bankers:
Lloyds BanK 64 Fore SL Trowbridge BA14 8EU
Direttors and trusttts
1073476
3518506
School Lane, Stsverton. Trowbrldge. Wiltshire, BA14 6NZ
Director and In￿tee
K C W Wiltshire
R J Haddow
RESPONSIBILfTIES OF THE TRUSTEES
The trnstee6 (who are also the directors of EmD￿llS Scbool Limited for the putpose of cornpat)y law)
a￿ rcsponsible for prepaTittg the Trustees Anoua] Report and the fitwicial statements in accordance
with applicable law alld United Kingdom A(xountiDg Standards (United Kingdoln GenErally Acceptsd
Accounling Practice).
Company law requires the Inthe5 to prq>are financial statements for each fmancial year vthich give a
ITue and fair view of the state of affairs of the charitablc CO￿panY and of the incoming rL%ourccs and
application of resources. including the income and expenditure. of the chaTitable ¢ompany for that
p¢tiod. In preparing Ihes¢ fJnan¢ial statements. th¢ trustees are required to:
- select 8Uitabk ac¢owtting policies and then applythem consistently.
. Obser￿ the methods and principl¢3 in the ChAritAes SORTr.
. makeiudgeD*nts 8nd estimates that are re&8onable and pnthnE

Emmaus S¢bool Ltd
(A company limited by guarantee)
Trustees Annual Report
- state whether applicabl¢ UK Accounting Standards have beeD followe￿ subject to arty
material departUTCS disclosed explaine41 in the financial statements.
- prepare the financial stateDMts on the going conm b&sis unless it is inappropTiat¢ to
presume thatthe clwitable compallywill Contin￿ in operntion.
The trustees are also re3pon$ible for maintaining proper ￿cOuntIng r¢¢ords which disclose with
reasonable a¢¢ura¢y at ally tAme the fjnancial positioD of the Charity and whicb are sufficient to show
attd explaiti the Cbaritys transactions and eDable them to ensure that the flnancial statements comply
WAth the Companies Act 2006. They ar¢ also resp)nsible for safeguarding the assds of the Charity and
bence for takingT¢asoDable steps for the prevention and deteciioD of hud attd otherirre8ularitss.
INDEPENDENT EXAMINER
The Annual Genera] Mee1ing appointed David 08k￿sen FCA of 08kensen Lirnited as independeDt
examinerto the Clwity forthe yew.
This r¢port w&$ approved by the boaTd on 14th May 2025
KCWWilts
Trustee

Emmaus School Ltd
Independent examiner's report to the members of Emmaus School Ltd
I report to the trnstees on my exatntnation of the accounts of the clwity for tILe year ended 31 August 2024, which
are set out on pages 6 to l l.
Respon￿￿]litIeS and bxxig of report
As tbe charitys tsILstses. you are responsible for the Preparation of the accounts in accordance with the
requiretnents of the Charities Act 2011 Cthc Act?.
I report in respect of my examination of the charitys accounts catTied out under section 145 of the 2011 Act and in
carrying out my examinatio￿ I have followed all the applicable DI[￿tiOnS given by the Charity Conunission under
section 145(5Xb) of the Act.
Independent examlDer'8 Statement
The charity's gross income exceeded £250.(KIO and l am qualified to uThd¢rtake th¢ examination by b¢ing a
qualified membu of ICAEW.
I have completed my examination. I confirni that no material matters hav¢ come to my attention in connection
with the examination which gives me cause to believe that io any material respect:
the accounting records were not kept in ac¢ordance wÉth section 130 of the Cljarities Act. or
the a¢cow)ts did not accord with the accounting records" or
the accounts did not comply with the applicable requirements concerning the forn] and content of accounts set
out in the CIwities (Accounts and Rcp)rts) Regulations 2008 other than any requirement that the accounts
givc a'true and fail view which is not a matter considered part of an independent examillatio
I have no ¢on¢erns and have come across no oth¢r matters in ri)nn¢ction with the exan)ination to which attention
should be drawn in this Teport in Order to enable a proper understanding of the accounts lo be re￿h¢￿
David Oakensen FCA
Independent Examin¢r
Oakensen Limited
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
203

Emmaus School Ltd
(A company limited by guaTantee)
Statement of Financlal Activities (includlng In¢ome and Expenditure Account)
For the year ended 31 August 2024
Totsl
Funds
2024
Totsl
FuDds
2023
UDrestricted Restrl¢led
Fund*
Notes
INCOME AIYD ELYDOWMENTS FROM:
Iwtne from doDations attd legacies
1]￿Orne from charitable activities
Interest Teceivable
118.654
13.370
16,382
118,654
296.061
16.382
19,069
362.175
2224
282.691
TOTAL INCOME AND ENDOWMENTS
282.691
148,406
431.097 383,468
EXPE1¥D￿vRE ON:
Expenditrjre on charitable activities
Other expenditure
296.089
14,570
296.089
14.570
308,096
12.933
TOTAL EXPENDITURE
310.659
310.659
321,029
Net In¢ome
(27.968)
148.406
120,438
62.439
Gross transfers betsyeen fwids
(27,968)
148.406
120,438
Recoll¢lllatlon of fund5:
Total fuDds at I Septsmb¢r 2023
56.851
451.180
508.037
445.598
Total funds at 31 Auyjst 21124
28,883
599.592
628,475
508.037
There were no recogni5¢d gains and losses other t1￿$¢ shown ill the abovc Stat¢m¢nt of Financial
Acttvities.

Emmgus School Ltd
(Company number 03518506)
(A compaDy limii¢d by guarantee)
Balance Sheet
As at 31 August 2024
Notss
2024
2023
Fixed assets
TaTJgible assets
62.184
16,419
Current ￿ets
DebtOTS
Cash atbaDk and in hand
27,642
617.357
644,999
17,047
517.042
534.089
Creditor5: amounts falling due
within one year
(51,429)
(15,192)
Net ¢urrent assets
593.570
518,897
Total assets less current
]labllities
655.754
535,316
Creditors". #mounts f4JJing du¢
*fter more th4n one year
(27279)
(27.279)
Net as3¢ts
628,475
508,037
Represented by:
Unrestricted fimds
Restricted funds
28.883
599,592
56,851
451,186
li
Total funds
628.475
508,037
The company is entitled to exenption from audit uttdcr Section 477 of the Companies Act 2(N)6 for the year
ended 31 August 2024.
The memb￿5 have t)ot required the conwany to obtain an audit of its financial staknnth for the year ended
31 August 2024 in a￿rdance with Section 476 of the Companies Act 2006.
The diredors acknowledge th¢ir respons￿]lIticS for Gwlyng with the r¢qUItet￿ of the Con4)atties Act
2006 with respect to acwunting Tccords and thE pryation of a¢￿u￿ts.
The financial statem¢Thts have been prepared in accordance with the special provisions of Part 15 of lh¢
Companies Act 2006 rElating to small companies and with the Finawiai Rwrting Standard for Smaller
Entitles (effective July 2014).
K C W Wiltsbire
Trustee
Approved byth¢ board on
1*4. Ai

Emmaus S¢bool Ltd
{A company lill)il¢d by guarantc¢)
Notes to the Accounts
For the yur ended 31 August 2024
l Accounting polieieg
BLsuof4ccounting
Thc chatity constit￿$ a publiG b¢nefit entity as der￿ed by FRS 102. Th¢ finattcial stateDMits hdV¢ been
prepared in accordanc¢ with Ac¢ow)ting and Reporiin8 by Chatitie5". Stsknt of ReCOn￿wIde0 Praciice
applicableto chaTities preparing theiT accounts in a￿rd0￿ce￿Ith the Finan¢ialRcporiing Standard app]icabletrJ
thc United Kingdorn and R¢pub]ic of he]attd IFRS 102) issued OTh 16 July 2014, the Financial Reporting
StaJMlard applicabl¢ in the Unitcd Kingdom and Republic of IrClaE￿ (FRS 102). th¢ Chariti¢s Act 2011, the
Compani&8 Ad 2006 aud UK GetwallyAccLyted P￿cti￿ as itapplies from l Jatsuary 2015.
School fccs aT¢r¢cogtii5ed iti the perithl ar¢ providryL
Resour¢¢s
Resourccg expended are TKQgDised iu th¢wiodthey are incuTred.
Costs which are directly attributsbk to meeting charitsble obje¥ts at¢ Classified as provision of charilab
ser￿Ce￿ The8e cost8 ar¢ dir¢rtly all￿al¢d to a¢tiYAties.
Costs associated witb th¢ g¢n¢ral of the charity vAhich 4r¢ not ¥ttributsble to meeting obj*ts
ar¢ classified as Jnattagemerlt and administration Costs.
Depreci81io
D¢pr¢¢iatioti has b¢0 provided at the following rat¢s in order to write off th¢ ass¢ts ov¢r th¢ir estimated u8efi
lives.
Equipmcnt
33 /0 stiJigbt line
unres¢r1¢￿ futtds catt beu8edin accoTdwwith th¢ ¢hatitable r*&jeKts at th¢ dis¢r¢tion of the i￿￿e5.
R¢stri¢ted fimds can oDly be used for parti¢thar pwes within th¢ obj¢¢ts of the charity. Restriction5 8rig¢
when s￿lfi¢d by th¢ donor or when ffimds aye raised for particular restricted purpJs¢s. FxpeDthkn whi¢h
d￿8¢ criteria is ¢harged to the fund. Further explanation of th¢ nature and pwpose of each fiwd is
iThclwl¢dinth¢ttot¢s to the finallcial statejllejh
Short term d¢btors aT¢ n￿s￿red at trarjsaction pricA which is LsllaiLy the invoic¢ pri¢K sny in)pai
losse5 forbad and thjubtful debts.
Trade credilo
shorttell￿CredIt0Ts are nleasurcd at traDsartionprI￿ which isusually th¢ invoiceprice.
The charLty is extmpt frorn tax on It￿On￿ and gains falling witbitt Èectiots 505 of tbe Tax¢5 Ad 1988 or se¢lion
252 of the Taxation of Chargeable GairLsAd 1992 to the ¢xt¢nt thatthese ate appSi¢d io its charifable obj￿ts.
P*JJ.FioJr eosts
The charity operatrs a defi￿ed Contiibutiott p¢tision sclwm& C¢Jntributious piyabl¢ to the Sch￿ aT¢ to
the StstaD¢Dtof Fiti4tt¢ialActi￿tie5 in th¢p￿lOdI0 which th¢y re]at&
Judgements Andkey soure¢s •f¢sliMolioR uR¢erthwRty
The preparation of th¢ f￿nci#l stat¢menis wuires maDag¢rn￿t to roake judgements, ¢stifDates attd assuityions
that afftrt the r¢ported. These estimths and jud8¢meots are continually r¢Nry¢w¢d and aTe based on
eXpeThe[￿ and oth¢r fa¢tors, includiti8 trAp￿￿tiO￿s of futtW¢ ¢Y￿ts that are beli¢ved to b¢ x¢&sonable wmler th¢
Depre¢iatiotl is Provided at tote# ￿kullIed to write the cost of ea¢h as8¢t to elimi￿￿ed Yesidual valu¢
over its )ife.

Enmi4￿8 Scbool Ltd
(A company limited by guarante¢)
Notrs to the
For the year ¢nded 31 August 2024
2 Income fromdonAtIoni And kggt
Unrestrltted Restrlcted
2024
2023
Donation5- g¢ncrdl
th)nations. builditi8 fuDd
6,820
12,249
19,069
118.654
I 18,654
118.654
118,654
3 kneome eharltable Atdvldes
Uttrtstrlttsd
2024
202J
256,398
256,398
13.610
26.053
296.061
284.544
9.519
68,112
362,175
13,370
26,053
281691
13.370
3 Expenditiweon chaTitable activitKs Unrestrlcted Re5trlcted
2024
21123
Educational supplies
Tuition fee8
Educationaltrips
Fr¢¢lao¢e Stsff Costs
Wages and sa]ari¢s
Stsff Training
R¢nt
Rates
Waste collection
Water rdtes
Light attd heat
11048
1938
12,048
2,938
10,189
1510
1,942
15,820
224.108
2,204
6,874
550
812
364
5.356
3.929
6,918
1323
3,886
4,372
11.452
1948
1.539
19,641
210,189
1,751
1,805
588
857
1.014
5.235
3.588
1,725
506
6,398
19,641
210,189
,751
1.805
588
657
1.014
5.235
3.588
1,725
506
6,398
4,548
13.202
Adv¢rtistng
Subscriptions
Jnsurance
13.202
Bad d¢bts
1,410
1,410
296.089
296,089
308.096
4 Otherezpendlture
2024
2023
Office suppli
Telephotte
3,103
3,103
880
1,935
2,736
1.514
1.700
747
800
815
263
4,358
1,935
Legal ondprof¢syional
1.116
777
308
6.451
1,116
Payroll
Bank charges
6,451
14,570
14J70
12,933

S¢bool Ltd
(A compally limited by guaT4TLtee)
Notes to tht Ac¢ouDts
For the year othd￿ 31 August 21124
5 Analysi$ of $tsff CO$￿ trustse remuneration Y4Dd
eJpensw #ad the ¢ost of key mAllAgemellt personDel
2024
2023
This is stated afttt ¢hargiog'.
Staff 8alari¢s andwagc5
Eroploy¢Vs Nl
Pension CODtributiong
194,315
4392
11,482
210,189
209.115
3,796
11.197
224,108
No employees had employee benefits in exc¢ss of £60,000 {2023.. till). Petssion ¢￿t8 are allocatedio acliMti¢5 in
The ¢hatity trustees were not paid or rtteived ony other beoefits from ¢mployment with th¢ Trust or lis
subsidiary iti th¢ year (2023.. £tiil) n¢ith¢r w¢r¢ th¢y reimbursed expenKs duringthey￿r (2023: £tiil). No ¢harity
tntste¢t¢¢¢iV￿ pa)ryTr%nt (￿ProfesSiOnal oroth¢r%rvices suppiitdto th¢ ¢harity (2023: £nil).
Th¢ numb¢r of slaff itt th¢ yw was 18 (2023: In. all of whom were Involv￿ in th¢ rmtiitig of th¢ charitable
activities.
6 Tangible fittd assets
th¢ eourse of
¢onstrnetAoD
EqulpmeDt
Totsl
At I Septemb¢r 2023
40,121
3,780
43.901
40.121
52217
92.338
48,437
48,437
Al 31 Augiist 2024
Depreeiatlon
At I S¢pt¢mb¢t 2023
Charge for th¢y¢4r
At 31 August 2024
23,710
23,710
30,IS4
30.154
Trl¢t book walu¢
At 31 August 2024
48,437
13.747
62,184
At 31 Augllst2023
16,411
16,411
7 Debtors
21ll4
2023
Ftts r¢¢¢4vabl¢
Prepayments
22.201
5,441
27,642
15,185
1,862
17.IM7
8 Creditor•: follthg due wlthln one yeAr
2024
21123
907
3,093
47,429
51,429
lJ89
3,491
10,312
15.192
Accn]a]s
Defe￿d incomp
10

Emmau$ School Ltd
(A wmpany limited by guar4Dlee)
Notes th the AccollDts
For the year ended 31 Augujt 2024
9 Credltors: aiILOIIDts falling thie after ODe year
2024
2023
Dcrc￿ediD¢orn¢
27,279
27279
10 Unrestrteted funds
Balanct as At
I Septsmber
Incoming
Outgoing
￿e￿￿re¢S & eJpenditure &
traD5ters
transfers
31 Au8U5t
2024
Charitable fi￿d$
56,851
282,691
(310,659)
28,883
56,851
282,691
310,6591
28,883
11 Restsieted fithd8
Balgnct as xt
I Sepltther
2023
Intoming
Outgoing
resollrcEi & e￿e￿dItllre &
trAn8fers
trAnsfeTS
31 Augllst
2024
Prnise5 Ap￿1 Fund
Pr¢mises Capitsl Expenditure
451.186
148.406
48.437
(48.437)
551.155
48,437
451,186
196.843
148,4371
599,592
Th¢ ProD18￿ Appeal futtd is for the plan to extend the school buildi￿ Th¢ Pron]8￿ C¥pitsl Exp¢Dditwe firDd is
apatal ¢xp¢nditur¢ itiCUTred in relation to the gchoolbuilding ¢xt¢Dsio
12 Cfympxlly Mmlted by gu#rantee
The coropany is limited by 81iaranttt, hawDg a slwe capttaL Bv¢ry ty)¢mb¢T of th¢ ¢oJnpaJJy UDd￿takeS to
contribute such amouttts a5 Tnay be reqllwed {not exceediDg £1} to the a85¢ts of th¢ ¢ompgny it be wouttd
up Whi￿ he or 5h¢ 55 a mrmb¢r, or witbin one year aftcr h¢ or shc c¢a5Q8 to ￿ a mrAnbo, for irfthe
Compattys debts and liabiliti¢s contracted befo￿ he or sbc ccases to b¢ a m¢Tnb¢r, and of the c05t4 chaTges and
eXpa￿S of WiAdingup. and for adjustmetst of the ri8hts of the conthutoties amongth¢rnsdve5.
13 Analysis of net X55ets bttV4ttn fllnds
Filed
Net current
a55ets
Totsl
Restricted fijnds
48,437
13,747
551.155
15.136
599.592
28.883
Net&8gets at the cttdof th¢y¢ar
62,184
593,570
628,475