Registered number: 03931222
Charlty number: 1079822
OSWESTRY SCHOOL
GOVERNORS. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
YWR
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Protecting your future.

OSWESTRY SCHOOL
(A company limit￿ by guarantse)
CONTENTS
Page
Reference and administrative details of the School. its Govemor8 and advi8er8
Chainnan's ststement
Governors. report
6-16
Independent auditors. reporl on the flnanclal statements
17-20
Statement of flnanclal activfties
21
Balance sheet
22
ststement of cash flows
23
Notes to the flnanclal statements
24-46

OSWESTRY SCHOOL
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE SCHOOL, ITS GOVERNORS AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Governors
Mr P T WIIcox-Jones. Chairman1
Mr T Moore-Bridger. Vice Chaiman1
Mr E Bowen
MrsHVCox
Mr C J Dillon1
Mr D S Evans
Mr D P Evisonl
Reverand H L Gibbons
Mrs L M Guy Jenkins
Mrs A J Leel
Mr J D Lloyd
Mrs R M Wamer
Mr B Welti1
Mr A J Grove (appointed 25 June 2024)1
Mrs S L Ellis Anderson (appoint8d 25 June 2024)
Member of the Finance and General Purpose Committee
Company reglstered
number
03931222
Charity registered
number
1079822
Registered offlce
Upper Brook Street
Oswestry
Shropshire
SY112TL
Company secretary
MrPABowd
Independent auditors
WR Partners
Chartered Accountants
Slatutory Auditors
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
Bank•rs
NatW8St Bank PIC
17 Church Street
Oswesty
Shropshire
SY112SX
Page 1

OSWESTRY SCHOOL
(A company Ilmlted by guarantee)
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE SCHOOL. ITS GOVERNORS AND ADVISERS
(CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Senlor Leadership Team Mr P Middleton {Headmaster)
Mr P Bowd (Bursar)
Mrs C Belk (Head of Oswestry School Prep)
Mr R Lane (Deputy Head)
Mr R Price (Deputy Head)
Mrs A Addison {Assistant He￿} (Appointed 0110912023) (Resigned 3110812024)
Mrs A Coullas (Deputy Head) (Appointed 0110912024)
Page 2

OSWESTRY SCHOOL
(A company Ilmlted by guarantee)
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
The chainnan presents his stalement for the year.
Oswesty School has continued to thrive and flourish in its 617th year with a growing reputation and increased
profile. heatthy pupil numbers, a robust financial posltlon, and signfficant capitsl investment in the facilltles for
our puplls and the local communty. A successful ISI Inspection in April 2024 provided a glowing endorsement
of Oswesty School. recognising all the very many ways in which we provide outstanding education for our
pupils, with the lead inspector concluding her verbal report by saylng slmpty, You have a very, very speclal
school."
The 2023124 academic year saw the Sch￿)1 roll exceed 5CQ pupils for the first in our history with a total of 514
pupils on roll in September 2023. Coincidlng with the launch of the schcol's 2030 Strategic Plan - Forte - the
confidence in Oswestry School is at an all-time high with a clear vision for the years ahead focused on the
strengthening and excelling at an individual and an institutional level.
The school year began with the opening of the newly-refurbished Sigi Faith Sixth Form Centre. Funded by the
philanthropic generosity of the Faith family who felt compelled to give back to the School that h8d given so
muth to the young Sigi came to England as part of the kindertransport during the second world war. This
new facility followed on from the investment in a brand new Library at the heart of the school in the previous
academic year. with both facilities providing pupils with enhanced opportunities for study and acad8mic
exploration.
As a school whose motto translates as We L8am Not for School but for Life, our focus continues to be on
preparing our pupils for lrfe beyond schcol, developing the skillsets, mindsets, attributes and attitudes required
for successful. thriving and fulfilling adult lives. As part of this continued commitment, we launched an
inaugural Futures Fortnight programm8 across both the Prep and Senior Schc()Is focused on futur8 pathways.
and have likewise remodelled our boarding provision with a new cooducational Sixth Fomi Boarding House set
to open In September 2024. a pioneering project providing our senior students with a valuable slepping stone
living 8nd learning experience as th&y prepare for lif8 after Oswestry.
Exciling plans have also been unveiled for a brand new Performing Arts Centre, a £2.3m project which will see
the school's Memorial Hall transformed into a state-of-the-art 160-seat auditorium and will include an expanded
facility with a new foyer and multi-purpose studio spaces for the benefit of pupils and members of the Ioc81
community. Wlth a strong reputatlon for excellence in the Performing Arts, the school likewlse plays an actlve
role in the community in providing opportunities within the Performing Arts. most notably its Dan￿ Academy
which caters for over 120 youngsters from the local community aged 2-18 who benefit from weekty lessons and
numerous dance performances throughout the year. The project has gained significant traction with the seed
donation of half a million pounds from a lead donor. and full planning permission having been received.
Fundraising has begun in e8rnest with a view to curtains up in September 2026.
Amongst the highlights in the realm of Perfom)ing Arts this year was the 9th annual Dance Showcase with
sold-out Perfomiances and 154 dancers taking to the stage. All KS2 pupils,all 2nd Form pupils and many more
from the Third Fonn to Upper Slxth took elther Acting or Public Speaking LAMDA examinations (203 pupils in
total) with over 800/ts achieving the top mark of distinction. whilst at the annual Oswestry Youth Music Festival.
Oswestry School pupils achieved 16 placiros. nine trophies. and four pupils reached the finals. Head Boy Myles
Wllklnson Ilkewlse galned a Choral Scholarshlp at Oxford Unlverslty where he has gone on to read Biology.
Productlons and performances have been many and varied including The Wizard of Oswestry, Mean Girls and
Chicago alongside numerous musical con￿rtS and perfomances throughout the year.
Page 3

OSWESTRY SCHOOL
(A company limited by guarantee)
CHAIRMAN'S STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
In the world of Outdoor Education and CCF, we were delighted to be able to field a full team for the finals of the
British Shooting School air rifle championships, whilst our CCF once again played a key role in the town's
Remembrance Day parade in November and likewise took part in the 80th Anniversary of D-Day
commemorations in Cae Glas Park. We were likewise delighted to hear that 00 and fomier CCF Cadet RSM
Haydn Cook had passed out of the Royal Military Academy at Sandhurst with a commission into the Royal
Engineers folk)wing a long line of oswestrtans going on to serve in the Amied Forces. Almost all of the Third
Form undertook the Bronze Duke of Edinburgh Award, with 28 Upper Sixth Formers (x)mpleting the Gold Duke
of Edinburgh expedition to South Wales.
In sport, we launched our very first Football Academy leading to a stellar season for the 1st Xl whilst the u16s
made it into the national finals of the Society of Heads Cup. At the ShropshI￿ Schools. County Cross-country
Championships hosted on our playing fields, Oswestry School won team bronze for Year 7 boys, and team
silver for Inter Girls, Junior Girls. and Junior Boys. Four pupils qualified for the Hickstead National Schools.
Eventing competition. our fledgling Ski Team have picked up a number of trophies at various national indoor
competitions. Oswestry swimmers continue to rack up the medals on the county and nab.onal stage, whilst five
Oswestrians played for Oswestry Rugby Club u16s in the North Midlands RFU Plate Final. Individual
achievements were many and varied with international honours being achiev8d by a number of pupils,
induding one pupil gaining representation for Great Britsin at the European Fencing Championships in
Hungary, another being named in the u18 Wales hockey squad, and one pupil competing for GB in Italy at the
World Long Raroe Shooting Championships. Another pupil retum8d from the World School Games in Rio de
Janelro with ￿ golds and a sllver In the para-swlmmlng championships, whilst another represented GB at the
World Biathle Championships in Bali.
The development of our innovative Teaching and Learning model continues to focus on individualised stretch
and challenge for our pupils. with foundational skills in literacy and numeracy developed in the Prep School
alongside an educational philosophy rooted in an enquiry approach, whilst independent learning and study Is
fvrther developed in the senior school includlng the full launch of the Extended Project Qualification (EPQ) in
th8 Sixth Form.
As a non-selective school, we pride ourselves on assisting our pupils in achieving their own personal bests, and
our Value Added scores continue to demonstrate the benefits of studying within a smaller school setbng. In the
summer 2024 examinations, Oswestry SchcM)I students achieved almost double the number of A. grades
compared to the year before wlth Just under.
10% of grades at the tr)p level with eight pupils gaining a clean sweep of A" and A grade. and well over half of
grades in the A. lo B category. Pupils progressed to a wide variety of destinations including a high proportion
going on to Russell Group universwties. with students going on to course study in areas ranging from
traditional￿ popular subjects such as Law. Engineering and A(muntancy to emergent areas including Digital
Animation. Artificial Intelligence. and Sports and Coaching Science. GCSE results likewise saw a o)ntinued
trajectory of improvement with 300A of grades awarded the top bracket of 9-7 representing a 50A improvement
on pre-pandemic levels and comparing favourably with the previous yearfs results where 280/0 of grades vrfere in
this 9-7 bracket. Value Added data demonstrated that on average. for every single pupil in every single subject
they gained close to one full grade higher than they would have done set against the national average.
Page 4

OSWESTRY SCHIXIL
(A company limited by guarantsa)
CHAIRMAN'S STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Our commitment to global education and inlernationalism has likewise taken significant strides forward with a
successful first intemational pupil exchange programme between Oswestry School and Kearsney College.
South Africa. with plans to expand the programme involving partnership with St Mary's Diocesan School for
Girls in 2024125. Summer 2024 also saw the launch of our inaugural Intemational Summer School across three
weeks in July and August with an innovative and bespoke programme modelled on Oswesty School values
and virtues and delivered almost exclusively by members of our own teaching and support staff. The
programme will expand to the full extent of the summer period in 2025 with a planned Easter revision
programme also set for launch. Further international deveh)pment has Included support for The British
Academy of Montenegro in its prfroperational phase with Oswesty School playing a key role in translating
vision into reality and preparing for the opening of the new school in the nation's capitsl of Podgorica in
September 2024. We look forward to further ass(Kiation with the school in the years ahead with a partnership
agreement enabling Oswestry School to provide continued support and advice as the school develops and
grows in the years ahead.
This commitment lo internationalism was recognised at a national level where Oswesty School was named as
a finalist in the Independent School of the Y8ar Awards in th8 'Best Int8mational Student Experien￿, category.
an award that followed on from Oswestry School being named as winners in the 'Best Learning Support,
category of the Muddy Stilettos Best Schools Awards, whilst member of staff Rob Howell was a finallst in the
prestigious TES Awards, gaining Highly Commended recognition in the 'Teaching Assistant of the Yearf
awards.
In summary. it has been a year to look back on with considerable pride. and a great deal has been achieved in
the first year of the schwl's Forte strategic vision. On the horizon are much-publicised challenges for Ihe
independent sector. but with a clear plan and vision mapped out for navigating the road ahead. Oswesty
School goes into this period in a position of strength and with much to take confidence from and build on in the
years ahead. We firmly believe that momentum will continue to gather. and this "very. very special school" will
continue to thrive and flourish in the years ahead, and our pupils will b8 enabled to find their forte as we
prepare them not just for school but for lrfe.
Mr P T wilc0x￿onOB
Chalrnian
Date: 10 December 2024
Page 5

OSWESTRY SCHOOL
(A company Ilmlted by guarantee)
GOVERNORS, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Governors (who are also directors of the charity for the purposes of the Companies Act) present their
annual report together with the audited financial statements of the School for the 1 September 2023 to 31
August 2024. The Annual report seNes the purposes of both a Governors, report and a directors, report under
company law. The Govemors confirm that the Annual report and financial statements of the charitable
company comply with the current statutory reqU1￿Ments. the requirements of Ihe charitable company's
governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to
charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
Objectives and activities
. Policias and obj•ctiv•s
The objects of the School, are:
he provision and conduct of a day or day and boarding school for boys and girls in or near the town of
Oswestry,. andlor
to further the objects of the charity in so far as they relate to the above provision.,
We aim to provide a first class education to ￿yS and girls from the ages of 4 to 18. We seek to provide
structured educational environment that develops our pupils. capabilities. competen￿'S and skills. We promote
the academic. moral and physical development of our pupils through our academic curriculum. pastoral care.
sporting and olher activities.
We provide an educational environment where each student can develop and fulfil his or her potential, building
their self confidence and inculcating a desire to Contribute to the wider community. In so doing, we prepare our
pupils to leam not just for school, but for life.
Page 6

OSWESTRY SCHOOL
(A company limited by guarantse)
GOVERNORS, REPORT {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2024
Objectlves and actlvltles {continu•d)
b. Strategles for achieving objectives
Our objectives are set to reflect our educational aims and the ethos of the School. It is important to us that we
maintain and enhance the academic success of the School. This objective is. however, set in the context of the
broader goals we set for the Sthool and its pupils.
The Governors are responsible for setting a strategy for achieving the objectives they have set. The focus of
our strategy is on the development of our pupils. their continued high levels of academic and co cu￿1CUlar
achievement and to further wider aC￿sS to the education our Sch(K)I provides. Our motto is Ive leam not for
school but for life".
The Schoofs five year strategic plan is updated annually and formally approved by th8 Board. The overall
summary of this plan is for Oswestry School to be the 'the famlly school of Choi￿ in Shropshire,. caring for
pupils from early years to the end of their Sixth form. lis pastoral care will be second to none. It will be non-
selective in the b8st sense: it will SUPF(lrt, challenge and develop pupils of a wide range of abilities. to reach
their fullest potential. It will have academic renown. Its co4urriculum will be broad and demonstrate excellence
in many areas: music. drama. sport; and adventure education. The School will adhere to its motto, 'not for
school. but for life, (non scholae sed vitse). Oswestry School is a British independent school with a long and
rich heritage. It will have a strong international dimension, celebrating the diversity of its comrnunity. Its pupils
will be free from pretension. The School will be a trusted provider of education, with a genuine family
atmosphere and a sense of community.
Oswestry School is a charitable company which seeks to benefit the public through the pursuit of its stated aims
and obj8Ctives. Our f88s are set at a level to 8nsure th8 financial viability of the School and at a level that is
consistent with our aim of providing a first class education to boys girls.
Our School welcomes pupils from all backgrounds. To admit a prospective pupil, V￿ need to be satisfied that
our School will be able to educate and develop that pupil to the best of their potential and in line with the
general standards achieved by their peers. Entrance InteNiews and assessments are undertaken to satisfy
oursefves and parents that potential pupils can cope with the pace of leaming and benefil from the education
we provide. An individual's e(XJnomic status. gender. ethnicity. race. religion or disability do not form part of our
assessment processes. We are an equal opportunity organisation and we are committed to a working
environment that is free from any form of discrimination on the grounds of colour, race. ethnicity. religion. sex.
sexual orientslion or disability. We will make ￿asOnable adjustments to meet the needs of staff or pupils who
a￿ or be(x)me disabled.
Our School is committed to safeguarding and promoting the welfare of our pupils and expects all staff and
volunteers to share this commitment. In the last Independent Schools, InstEctorate report, the pastrjral care
provided by our Form Tutors. Heads of House and Year, was described as "excellent.. Parents are given
regular informab'on about their children's social and academic progress through parents evenings, in addttion to
the traditior)al end of temi and year reports. We maintain regular contact with parents throughout the year
through infomial contacts. the Headmasterfs weekly, end of term. and other letters and through our newsletter.
Older pupils have a Form Tutor and Head of Section responsible for pastoral care and academic developrnent.
Activities undertaken to achieve objectives
The School principally provKles education in Oswestry to boys and girls aged beknn 4 and 18.
Page 7

OSWESTRY SCHIX>L
{A company limited by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectlves and actlvltles (contlnued)
d. Accèss Pollcy
It is important to us that access to the education we offer is not restricted to those who can afford our fees. We
believe our pupils benefit from leaming within a diverse community. A great deal of leaming occurs through
social interaction. conversation and shared experiences which helps our pupils develop an understanding of the
perspectives of other people that will be vital in their adult lives. Our bursary policy contributes to a widening of
access to the education we offer and the faciltties we enjoy. and our Accessibility Plan ensures our facilities are
accessible to all.
e. Bursary and scholarship policy
The Governors view our bursary awards as important in helping to ensure children from families who would
otherwise not be able to afft)rd the fees can access the education we offer. Our bursary awards are available to
all who meet our general enty requirements and are made solely on the basis of parentsl means or to ￿lIeVe
h8rdship where a pupil's educab'on and future prospects would otherwise be at risk for example in the case of
redundancy.
In assessiNJ means we take 8 number of factors into conSiderat￿n including family incom8. investments and
savirKJs and family circUmstan￿s, for example dependant relatives and the number of siblings. However. our
School does not have a large endowment and in funding our awards we have to be mindful that we must
ensure a balance bebNeen fee paying parents, many of whom make considerable personal sacrifices to fund
their child's education and those benefiting from the awards. We are also consclous that we onty have a finite
sum of money available for these awards.
The bursary awards range from 5°A to 100°A fee remisslons. Infomiatlon about fee 8SSiStance through bursarles
is provided to all applying to the School. Further detsils of our bursary wlicy and how to apply are avallable on
our website.
To underline the value we place on continuity for families, we offer discounts where parents have more than
one child at the School. Further discounts are also available for serving members of the Armed Forces and ex
pupils of the School.
The purpose of our scholarship awards is to recognise high academic potential or the ability to excel in our (xi
curricular activities. Our scholarships are awarded on the basis of the individual's academic potential or
evidence of exceptional abilities which will contribute to our co curricular activities. Scholarships are awarded
with a fixed remission of fees of between 5 % and 20Yo. Where further assistsnce is required. scholarship
awards may be supplemented by a means tested bursary. We advertise the availability of scholarship awards
each winter in the local press. Further details of our scholarship policy are available on our website.
f. Staff Discounts
As part of our emphasis on attracting and retaining high caliber stsff. we offer a discount scheme where stsff
members choose to educate their children at our School.
Page 8

OSWESTRY SCHOOL
(A company Ilmlted by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectlves and activities {¢ontinued)
g. Maln actlvltles undertaken to further the School's purposes for the public benefit
In setting our objectives and planning our activities, the Govemors have given careful consideration to the
Charily Commission's ￿vISed guidance on public benefit and in particular to its supplèmentary public benefft
guidance on advancing education and on fee charging.
Our key objectives for the year. as set out in the School Strategic Plan, included:
continuing to implement the capital building plan.,
maintaining charitable status-
implementing increased benchmarking techniques;
reviewing the breadth of curriculum offered"
implementing activities to ease transitional process8S Wlthin School;
maintaining and improving links with the local community;
reviewing current marketing strategies.
maintaining pupil recruitment to agreed minimum18V81s'
planning and implementing facilities development programme. and
continuing review of financial procedures.
Oswestry School's Community Action programme demonstrates the school's strong s8nse of its individual and
collectlve sod81 responslbillty. There Is a commitment by all members of the school community to maintain
relationships with other local schools. and to community initiattves. as well as sharing the school's facilities with
the wider community, at the same time regularly supporting local. national and int8rnational charities
throughout the year. Oswesty School is committed to connecting the school. its stsff and all its pupils with the
local community. through participation in a broad rarKJe of activities that are clearty for the benefit of the wlder
public.
Some of the activities Oswestry School offers at low cost or free of charge to the local community on a regular
basis are:
Ilteracy workshops, maths challenge days, science sessions, sports training to local schools, induding
transport if required:
community reading, for example hosting 1.000 local primary school children for a well known author.
outreach programme, teaching stsff visit local nurseries and schools to offer specialist languag8, maths
and science teaching as well as sports training.
Community Action programme: each week pupils are involved in activities such as visiting local
retirement homes, pond. rubbish and weed clearing in the town and also in the countyside with both the
Shropshire and Montgomeryshire Wildlife Trusts"
use of our swimming Fool to local schools"
playing fields to local schools and sports clubs.
rugby pitches to the local rugby dub.
hosting regional fixtures, for example cross-country. football and swimming galas;
use of minibuses for local primary schools for trips. and to transport their pupils to other school facilities"
sharing leadership expertise with the lo(al school's by members of the SLT being governors of local
primary schools"
support the local church and indeFendent choirs by providing them with a venue to rehearse and thoral
scholarships.,
a cross county venue for the county cross country school championships,.
the local amateur athletics, netball and hockey clubs use our facilities for their base: and
provlde grounds upkeep services for two local primary scfv)ols.
Page 9

OSWESTRY SCHOOL
(A company limited by guarantee)
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectives and actlvltles (contlnued)
We regularly update the Schools Together website with case studies of our public benefit activities to help the
wider population understand the positives that independent schools brlng to the natlonal economy. According to
the most recent figures available as calculated using the ISC Economic Impact Assessment tool, the economic
impact of Oswestry School can b& d8monstrat8d by:
supportlng the addition of £5.7 million a year to the local economy and over £8.5 million to UK GDP
supporting 161 locally and 212 jobs nationalty.
supporting £2.8 million 8 year in tax receipts to the Exchequer, including approximately £150k in VAT on
goods and servlces that cannot be recovered,. and
saving the Exchequer £2.5 million a year by educating over 350 British pupils who would otherwise be
educated within the state system.
strat•glc report
Achlevements and perfomiance
. Main achievements of the School
Key achievements are included in the Chairman's statement.
Academic results are pleasingly strong from a truly comprehensive intake of pupils. We take great pride in the
academic achrevements of our pupils.. from those achieving A's and As to those for whom passing an A4evel is
a slgnlflcant achlevement. Those leavlng the school have been supported to sultable universities (including
Oxbridge) or, increasingly, excellent apprenliceship schemes.
In the sports arena, there have been many results to celebrate with a hugely diverse sports offering. The
Performing Arts faculty is purposeful and is well supported, with our Dance offering being by far the best in the
area. Nearty 300 pupils in the school achieved LAMDA certificates rec8ntly {all achieving Merits or
Distindlons). Music performances are also impressive, including one of our choirs reaching regional finals and
one third of all pupils taking music lessons.
Outdoor education and CCF contlnue as signlficant areas of strength. The Duke of Edinburgh Award
programme is widely followed and our cadet corp is heralded as an example of best practice.
b. Key performance Indlcators
Key results are mentioned in the Chaiman's Statement.
Review of activiti88
A review of activities is included within the Chaimian's Statement on page 3.
Page 10

OSWESTRY SCHOOL
(A company limited by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Strateglc report (contlnued)
Achl•vements and perfomiance (contlnued)
d. Investment policy and performance
It is part of the Financial and Gener81 Purpose Committee's remit to determine the level and nature of
investments held by the School, which is in accordance with the Schoofs Memorandum and Articles of
Association.
The aim will always be to ensure that the School has sufficient cash reserves to cover current expenditure
which is monitored monthly in the management accounts. The School does not have sufficient funds to invest
due to the School's policy being to continually invest in the infrastructure and facilities of the Sch(y)l.
Financial reviow
. Business perfomlance and outlook
A financial review is included in the Chairman's Report.
b. Going concern
The Govemors consider the School to be a going (x)ncern and continually review this through having at least
two years of advance budgets to confirm financial safety. Other areas considered are the implication5 of
compliance with other legislation whfch can critically damage the School if not managed correctly. Regular
reviews of Safeguarding policies and procedures are critical. as are confimiation of no accidents and full fire
compliance.
Both Intemal and external risks are monitored and documented in the School's risk rnatrix which is annually
reviewed by the Governors and management are acutely aware of the need to continually monitor compliance
in all areas.
The last Integrated ISI inspection that the School had was in April 2024 which confirmed total compliance in all
areas.
The School is currentw in a strong position in terms of cash resources and surpluses being achieved. and the
governors will work hard to ensure that this continues in light of the current political challenges, but the weak
pound is proving advantageous in respect of our intemational pupils and our forecasts. whilst prudent, show
cash surpluses for at least the next academlc years.
Page11

OSWESTRY SCHOOL
(A company limited by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
c. Principal risks and uncertaintles
The GovenKJrs are responsible for managing the risks faced by the School. Detailed consideration of risk is
delegated to the Senior Leadership Team of the School. Risks are identified. assessed and controls established
throughout the year.
A formal review of the School's risk management processes is undertaken on an annual basis. Risk is managed
under the headings of financial sustainabilty. school safely. student welfare. employment, school trips and
8V8nts and communwty aC￿sS.
Through the established risk management process8S, th8 Gov8mors are satisfied that the major risks ar8
identified and that systems and procedures are in place to manage the exposure to major risks. It is recognised
that systems can only provlde reasonable but not absolute assurance that major risks have been adequately
managed.
The principal risks and uncertainties Identified by the above process concentrate on financial stabllity and pupil
role, of whith the external factors like a global pandemic. political landscap8 and the exchange rate are
curr8ntly high on the agenda. Our abilty lo issue visas under the CAS regime is businesswcriticAI and so
procedures have been put in place to mitigate the risk of ever-changing government legislation in this regard.
ConseNative budgets are in plac8 to tsk8 into account the risk of 8 significant drop in the pupil rol8 which
highlights what the critical number is before it is deemed that cost reviews are needed. This is being constantty
monitored by both management and Govemors.
d. Reserves pollcy
The total reserves shown on the balance STr￿et a￿ £5.558.308 (2023: £5.345,688). Free reserves induding
designated funds are a deficit balance of £3,328.268 (2023: £2,876.006) and are made up of unrestricted
current assets of £3,558,060 {2023.' £2.438.028). unrestricted current liabilities of £4,546.233 {2023:
£3,769,517) and unrestricted non current liabilities of £2.340.095 (2023: £1.544,697). If designated funds of
£330,000 (2023.. £330,000) are exduded, free reserves are a deficit balance of £3.658.268 (2023: £3.206.0￿).
Total restricted funds shown on the balan￿ sheet total £449,467 (2023: £417,602).
The Govemors consider that given the strength of the School's balance sheet. the stable cash flow, the ongoing
popularity of the School, the available banking facility that can be called upon if the need arises. and that the
Schwl's reSoUr￿S are managed on a monthly cash flow basi5 the negative free reserves position is acceptable
when consldering the ongolng investment of the fabrlc and improvement of the School.
The Governors recognis8 that the18vel of reserves fluctuates during periods of investment in the School and
the arrangements with our bank are in place to provide an adequate 'safety net, should it be required.
Th8 School revalued land and buildings during the year ended 31 July 2002. which produced a revaluatlon
surplus of £2,648,112.
Page 12

OSWESTRY SCHOOL
(A company limited by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
Structure, governance and management
a. Constltutlon
The School is registered as a charftable company limited by guarantee and w8s set up by a Trust deed. The
sthool is a registered charity number 1079822.
The Schcol's Memorandum and Artldes of Association are dated 29 October 2001, as amended on 4
November 2003.
b. Methods of appointmenl or election of Governors
New Governors are appointed by the existing Board of Governors. In addition, one Govemor is nominated by
the Bish)p of Lichfield and one Governor is nominated by Oswestry Town Council. A maximum number of
Governors permitted by the Articles of Association is 18, and the minimum number is 7.
c. Policies adopted for the induction and training of Governors
The Goveming b(￿Y ￿qUIreS breadth and depth of experience to carry out its duties effectively and efficiently.
When recruiting new Governors. the important attribute is a passion for the work of our Schwl and an
understanding of education as a holistic and rounded experlence of personal growth. The Govemors consider
that the skills and experlence of the Board should include the following:
a Gov8mor with a legal background.
a Governor with a financlallaccounting background.
Govemor with educational experience.
a Gov8mor with senior managerial or business experience.,
a Govemor with expertise in the field of human resources;
a Govemor with experien￿ of equal opportunities or disability needs. and
at least one famale Govemor and at least one male Governor.
One Govemor may have one or more of these skills and each receives a Governor pack and training sessions
upon appointrnent. and updates as appropriate.
All new Governors, when appointed, recerve an induction booklet. safeguarding training and a tour of the
School. They also receive the AGBIS Guidelines for Govemors. CC3 The Essential Trustee and a (x)py of the
School Memorandum and Articles.
AGBIS training courses are made available to the Governors as appropriate.
d. Pay policy for key managoment personnel
The Finance and General Purpose Govemors. committee sets the remuneralion for the Headmaster and Bursar
and ratified at Full Bo8rd level. The rest of the senior management's remuneration is at the dlscretion of the
Headmaster. subject to the budget allowing.
Page 13

OSWESTRY SCHOOL
(A company limlted by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, govemance and management (continued)
e. Organisational structure and declslon maklng
The Govemors are responsible for the overall management and control of the School and meet at least three
times a year. The work of implementing most of the Goveming Body's policies is carried out by various
Governor led sub committees. namely Finance and General Purpose, Estates, and Education and Pupil
Welfare. which then feed into the full Board meetings held at least once a term. Each committee includes at
least iwo Govemors, the Bursar and the Headmaster. The Bursar. who is also the Clerk to the Governors. is
responsible for coordinating the work of the Govemors and their Committees, preparation of papers and
management accounts and the review of matters arising.
All Governors give their time freely atKI did not receive any remuneration in th8 year, although travelling
expenses have been reimbursed. No Govemor. or person connected wlth a Governor, received any benefrt
from either means tested bursaries or scholarships awarded to our pupils.
The Govemors determine the general policy of the School. The day to day running of the School is delegated
to the Headmaster, supported by senior staff. The Headmaster undertakes the key leadership role overseeir
8ducational, pastoral and administratlV8 funclions in consultation with thè senior staff. The day to day
administration of the School is undertaken within the policies and procedures approved by th8 Governors which
provide for only significant expenditure decisions and major capitsl projects to be referred to the Governors for
prior approval.
The Headmaster oversees the recruitment of all educational staff. whilst under delegated authority the Bursar
oversees the ￿eruItMent of administratlV8 and non teaching support staff. The Headmastsr, Deputy Head,
Head of Oswestry School Prep and Butsar are invited to attend Govemors, meetings.
f. Related party rnlationships
The School is a member of The Headmasters Conference (HMC), The Society of He8d5 (SoH}, the
Independent Association of Preparatory School {IAPS), Boarding Schools association (BSA), the Associatron of
Governing Bodies of Independent Schools (AGBIS) and the Independent Schools, Bursars Associalion (ISBA)
which provide opportunities to share expertise, knowledge and experience across the independent SCI￿1
sector.
g. Risk Management
The Governors have assessed the major risks to which the School is exposed, in particular those related to the
operations and finances of the School. and are satisfied that systems and procedures are in pla￿ to manage
our exposure to the major risks.
Future developments
Both boardlng and 6th Form recruitment is strong. and so w8 have plans to significantly refurbish those
facililies during the next finanGial year. Beyond that. we l)ope to C8pitslise on the Success of our Performing
Arts department and build a new Theatre.
Fund8 held as custodlan
No such funds held.
Page 14

OSWESTRY SCHOOL
IA company limited by guaranteo)
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Members. Ilablllty
The Members of the School guarantee to contribute an amount not exceedlng £1 to the assets of the School in
the event of winding up.
Stalement of Governors. responsibilities
The Governors (who are also the diredors of the School for the purposes of company law) are responsible for
preparing the Govemors, r8POrt including the Strategic report and the financial statements in acc(Ydance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practlce).
Company law requires the Govemors to prepare financlal statements for each financial Under company law.
the Governors must not approve the financial statements unless they ar8 satisfied that they give a true and fair
view of the state of affairs of the School and of its incoming resources and application of resources. induding
its income and expenditure, for that period. In preparlng these financial statements. the Govemors are requlred
to..
select suitable accountlng policies and then apply them consistently;
obseNe the methc*Js and principles of the Charities SORP (FRS 102).
make judgments and accounting estimates that are reasonable and prudent;
stats whether applicable UK Accounting Slandards (FRS 102) have been followed. subject to any
materfal departures disclosed and explained in the financial statements.
prepare the financial slatements on the going concem basis unless it is inappropriate to presume that the
School will continue in business.
Th8 Govemors are responsible for keeping adequate accounting records that are sufficient to show and explain
tha School's transactions and disclose with reasonable accuracy at any time the financial Fosition of the School
and enable them to ensure that the financial ststements compty with th8 Companies Act 2006. They are also
responsible for safeguarding the assets of the School and hence for taking reasonable steps for the prevention
and detection of fraud and other Irregularltles.
Disclosure of information to audltors
Each of the persons who are Governors at the time when this Governors, report is approved has confirmed
that:
so far as that Governor is aware, there is no relevant audlt Informatlon of which the charity's audttors are
unaware and
that Governor has taken all the steps that ought to have been tsken as a Governor in order to be aware
of any relevant audit infonnation and to establish that the chariws auditors are aware of that information
Page 15

OSWESTRY SCHOOL
(A company limlted by guarantee)
GOVERNORS, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Audltors
The auditors, WR Partners, have indicated their willingness to contlnue In office. The designated Govemor5 will
propose a motion reappointing the auditors at a meeting of the Governors.
Approved by order of the members of the board of Govemors and signed on their behalf by:
Mr P T WilcoxJones
Chairman
Date: 10 Dec8mb&r 2024
Page 16

OSWESTRY SCHOOL
{A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF OSWESTRY SCHOOL
Oplnlon
We have audited the financial statements of Oswestry Schclol {the 'school') for the year ended 31 August 2024
which comprise the Ststement of financial acttviti8S, th8 Balance sheet, the Statem8nt of cash flows and the
related notes. induding a summary of signfficant a¢¢ounting policies. The fin8ncial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Acc£sunting Stsndards. including
Financial ReFY)rting Standard 102 The Financial R8POrting Stsndard applicabl8 in th8 UK and Republic of
Irelsnd, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements".
give a true and fair view of the state of the charitable company's affairs as at 31 Augusl 2024 and of its
incoming resources and application of reSoUr￿s, including its income and expenditure for the year then
ended.,
have been properly prepared in accordance with United Klngdom Generally Accepted Accounting
Practice. and
have been prepared in accordanee wlth the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS {UK)) and
applicable law. Our r8sponsibiliti8s under those starmdards are further describ8d 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 stalements in the United
Kingdom, including th8 Financial R8POrting Council'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
SLrfficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In audtting the financial statements, we have concluded that the Governors, use of the going concern basis of
accountlng in the preparatlon of the financlal statements Is approprlate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or
condttions that. indNidually or collectively, may cast slgnlflcant doubt on the charitable companvs ability to
continue as a going concem for a period of al least twelve months from when the financlal statements are
authorised for issue.
Our r88ponsibilitl8s and the responsibilities of the Governors with respect to going concem are described in the
relevant sections of this report.
Page 17

OSWESTRY SCHOOL
(A company Ilmlted by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF OSWESTRY SCHOOL (CONTINUED)
Other inforniation
The other information comprises the information included in the Annual report other than the financial
statements and our Auditors, report thereon. The Governors are responsible for the other infomiation contained
within the Annual report. OLFr opinion on the financial statements does not cover the other information and.
ex￿pt to the extent otheDNise explicitly ststed in our report. we do not express any fomi of assurance
conclusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the
other infomiation is materialty inconsistent with the financial statements or our knowledge obtained in the
course of the audit. or othernise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements. V￿ are required to determine whether this gives rise to a material
misstatement in the financial statements themselves. If. b8sed on the work we have performed, we condude
that there is a material misstatement of thi5 Other information. are required to report that fact.
We have nothing to report in this regard.
Oplnlon on other matters prescrfbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
th8 information given in the Govemors, Report including the Strategic Report for the financial year for
which the financial statements are prepared is consistent with the financial statements.
the Govemors. Report and the Strategic Report have been prepared in accordance with applicable legal
quirements.
Matters on which we are required to report by exception
In the light of our knowledge and understsnding of the tharitable company and its environment obtained in the
course of the audtt. we have not identified material misstatements in the Governors, Report including the
Strategic Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if, in our opinion:
adequat8 accounting records hav8 not b88n k8Pt, or r8tums ad8quate ft)r our audit have not been
re￿iVed from branches not vlsited by us: or
the financial statements are not in agr88m8nt with the accounting records and returns. or
certain disclosures of Govemors, remuneration specified by law are not made,, or
we hav8 not rec8ived all the information and explanations we require for our audit.
Pag8 18

OSWESTRY SCHOOL
(A company Ilmlted by guarantee)
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF OSWESTRY SCHOOL (CONTINUED)
Responsibilities of trustees
As explained more fully in the Governors, responsibilities statement. the Governors (who are also the directors
of the charitable company for the purFK)ses of company law) are reswnsible 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
Governors 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 Govemors are responsible for assessing the charitable company's
ability to continue as a going con(£rn. disclosing. as applicable, matters related to going con￿rn and using the
going concern basis of accounting unless the Govemors either intend to liquidate the charitsble company or to
cease operations, or have no realistic altemative but to do so.
Auditors. rosponsibilities for the audit of the financial sLqtements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whol8 are free
from material misstatement, whether du8 to fraud or error, and to issue an Auditors, report that includ8s our
opinion. Reasonable assuran￿ is a high level of assurance, but is not a guarantee that an audit conducted in
ac￿rdance with ISAS (UK) wlll always detect a material misstatement when it exists. Misstatements can arise
from fraud or emr and are considered material if, individually or in the aggr8gate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instsnces of non-complian￿ with lav￿ and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below:
We revlewed the susceptibility of the Charitys financial ststements to material misstatement and
identffied the principal risks, implementing a series of testing procedures to provide us with sufficient
comfort to ISSU8 our opinion.
We reviewed the Charitys regulatory environment to ensure we could conclude that it had acted in
accordan￿ with the framework relevant to the Charity and its environment and identify any instanc8s of
non-compliance.
We also assessed the Charitvs internal control procedures to ensure we could appropriately scrutinise
these controls and establish whether our understanding of the control environment was sufficient to
supplement our additional testing procedures.
The engagement team consisted of a team that the engagement partner believes is equipped with
the relevant level of technical and awareness to carry out our WO￿ to the required standard.
Page 19

OSWESTRY SCHOOL
(A company limltsd by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF OSWESTRY SCHOOL (CONTINUED)
Because of the inherent limitations of an audwt. there is a risk that we ￿111 not detect all irregularities. including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation 15 removed from the events and transactions
reflected in the financial statements. as we ￿111 be less likely to become aware of instances of non-complian￿.
The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves
intentional concealment. forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: www.frc.or .uklauditorsres onsibilities. This description fonns part of our
Auditors, report.
Use of our report
This report is made solely to the charitable company's members, as 8 body, in accordan￿ with Chapter 3 of
Part 16 of th8 Compani8s 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 responsibilty to anyone other
than the charitable company and its members. as a body, for our audit work, for this report, or for the opinions
we have formed.
Andrew Malpass BA FCA (Senior statutory auditor)
for and on behalf of
WR Partners
Chartered Accountants
Statutory Auditors
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
Date:11 D8c8mber 2024
Page 20

OSWESTRY SCHOOL
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE AccouKn
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Restr5cted Endowment
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Nots
Income from:
Donations and legacies
Charitable activities
Other trading acttvities
Investments
64455
141,441
7.423.530
289.687
32,482
8.634.342
273.765
82,614
8.634.342
273.765
82,614
Total income and
endowments
8,990,721
9.055.176
7.887, 140
Expenditure on:
Raising funds
Charitable activities
471,646
359,263
1,222
19,146
472.868
8,378,409
315,904
7.362, 718
10
Total expenditure
8.830.909
20,368
8.851,277
7,678,622
Not income before
net galns on
Investments
Net gains on
investments
159,812
44,087
203,899
208,518
15
553
8,168
8,721
127
Net income
Transfers between
funds
160,365
44,087
8.168
212.620
208,645
20
12.222
(12222)
Net movement in
funds
172,587
31.865
8,168
212.620
208.645
Reconcillatlon of
funds:
Total funds brought
foThvard
Net movement in fijnds
4.156.487
172,587
417.602
31,865
771,599
8,168
5.345,688
212.620
5.137,043
208,645
Total funds carrled
forward
4.329,074
449,467
779,767
5,558,308
5.345,688
The Statement of Financial Actlvities indudes all galns and losses recognised in the year.
The notes on pages 24 to 46 form part of these financial statements.
Page 21

OSWESTRY SCHOOL
(A company limited by guarantee}
REGISTERED NUMBER: 03931222
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Nots
Flxed assets
Tanglble assets
Investrnents
14
15
8,788,602
96,274
8, 152,576
87,553
8,884,876
8,240,129
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
65,432
296,156
3.198,172
68,580
206,672
2, 162,956
3,559.760
2.438,208
Creditors: amounts falling due within one
year
18
(4,546.233)
(3, 787,952)
Net current liabilities
(986,473)
(1,349, 744)
Total assets less current Ilabilitles
7,898,403
6.890,385
Creditors: amounts falling due after more
than one year
19
(2,340,095)
(1,544,697)
Total not ass•ts
5.558,308
5,345,688
Charity funds
Endowment funds
Restricted funds
Unrestricted funds
20
20
20
779.767
449,467
4.329,074
771,599
417,602
4,156,487
Total funds
5,558.308
5,345,688
The Govemors acknowledge thelr responsibilities for complying with the requirements of the Act with respect to
accJ)unting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Govemors and signed on their behalf
by:
Mr P T Wil¢ox￿one6
Chairman
Date: 10 December 2024
The notes on pages 24 to 46 form part of these financial statements.
Page 22

OSWESTRY SCHOOL
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Note
Cash flows from operatlng actlvltles
Net cash us8d in operating activities
22
2,216,691
1,098,864
Cash flows from Investlng activities
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
33,918
17,750
{1,025.101) (646,651)
Not Cash used In Investlng actlvltles
(991,183) (628,901)
Cash flows from financing activities
Repayments of borrowing
New finance leases
Repayments of finance leases
(196,444) (254,931)
91,964
81,040
{85.812)
(67,919)
Net cash used In financlng actlvllle8
{190,292) {241.810)
Change In cash and cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
1,035,216
2,162.956
228,153
1.934,803
Cash and cash equivalents at the end of the year
23
3,198,172
2, 162.956
The Mtes on pages 24 to 46 fomi part of these financial statements
Page 23

OSWESTRY SCHOOL
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General information
Oswestry School is a charity and company limited by guarantee and registered in England.
The address of the registered office is given in the charity infomiation on page 1 of these financial
statements.
The nature of the School's operat￿)nS and principal activities are that of an educatlonal establishment.
Accounting policies
2.1 Basis of preparation of flnanclal statements
The financial statements have been prepared in accordance with the second edition Charities SORP
{FRS 102) Accounting and Reporting by Ch8rities: Stst8ment of Recommended Praotice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (issued in October 2019), the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act
2006.
Oswestry School meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognis8d at historical cost or transaction value unless 0th8rwis8 Stated in the relevant
accounting policy.
22 Going concern
Having reviewed the funding facilities available to the Company together with the expected ongoing
demand for places and the Company's future projected cash flows. the Governors have a
reasonable expectation that the Company has adequate resources to continue its activities for the
foreseeable future. Accordingly. they continue to adopt Ihe going concern basis in preparing the
financial statements as outlined in the Governors Responsibilities Statement.
2.3 Income
All income is recognised On￿ the School has entitlement to the income, it is probable that the
income will be re￿iVed and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investrnent
income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have
b88n provided or on compl8tion of th8 S8tViC8.
Page 24

OSWESTRY SCHOOL
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng pollcies (continu•d}
2A Expenditur•
Expenditur8 is r8cognised On￿ there is a legal or constructive obligation to transfer economic
benefit to a third party, It Is probable that a transfer of economic benefits wlll be requlred in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity ar8 made up of the total of dir6Ct costs and shared costs,
including support costs involved in undertaking each actlvlty. Dlrect costs attributsble to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between thos8
activities on a b8sis consistent with the use of reSoUr￿s. Central staff Costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of Ihe asset's use.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs
of disseminating Information in support of the charitable activities. Support costs are those costs
incurred directly in support of expenditure on the obj8Cts of the School and include proiect
management carried out at Headquarters.
Costs of generating funds are costs Incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Charitsble activities and Governan￿ costs are costs incurred on the School's educational
operations, including support costs and costs re18ting to the governance of th8 School apportioned
to charitable activities.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount Can be measured
reliably by the School,. this is nomially upon notffication of the interest paid or payable by the
institution with whom the funds ar8 dewsited.
2.6 Tanglble flxed assets and depreclation
Tangible fixed assets of a capital nature are capitalised and recognised when future economic
benefits are probabl8 and the cost or value of the asset can b8 m8asured reliably.
Tangible fixed assets are initialty reccgnised at cost. After recognition, under the cost model.
tsngible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into its intended wotking
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed 8888ts18SS their residual value
over thelr estlmated useful Ilves, on a reduclng balance basls.
Depreciation is provided on the following bases:
Freehold prop8ty
Long-term fixtures and fittings
Fixtures and fittings
Motor vehicles
Kitchen equipment
Computer equipment
- 50 years
20 years
- 10 years
10 years
5 ye8rs
- 5 years
Page 25

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.7 Investments
Fixed asset investments are a form of financial instrument a￿1 a￿ initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses. whether realised or unrealised, are combined and presented as 'Gainsl{Losses) on
investments. in the Slatement of financial activities.
2.8 stocks
Stocks ar8 valued at the lower of cost and net realisable value after making due allowance for
cl)solete and sbw-moving stocks. Cost indudes all direct costs and an appropriate proportion of
fixed and variable overheads.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the
8mount prepaid.
2.10 Cash at bank and In hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a shcrt
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balan￿ sheet date as a result of a past
event. it is probable that a transfer of economic benefrt will be required in settlement, and the
amount of the settlement can be estimated reliabty.
Liabilities are recognised at the amount that the School anticipates il will pay to settle the debt or the
amount it has received as advanced payments for the goods or services rf( must provide.
Provisions are measured at the best estimate of the amounts required to setue the obligation.
Where the effect of the time value of money is material, the provision is based on the present value
of those arTh)unts. discounted at the pre-tax discount rate that reflects the risks specific to the
liability. The unwinding of the diswunt is recognised in the Ststement of financial activities as
finance cosL
2.12 Flnanclal Instruments
Th8 School only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initialty recognised at transaction value and
subsequendy measured at their settlement value with the exception of bank loans whith are
subs8qU8ntly measured at amortiS8d cost using the effectiv8 int8rest method.
Page 26

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.13 Finance leases and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed
assets. Assets acquired by finance lease are dep￿CIated over the shorter of the lease term and
their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance
leases are those where substantially all of the benefits and risks of ownership are assumed by the
School. Obligations under such agreements are included in creditors, net of the finance charge
allocated to future periods. The finan￿ element of the rental payment is charged to the Statement
of financial activities so as to pr&￿UCe a constsnt periodic rate of charge op, the net obligation
outstanding in each period.
2.14 Operating leases
Rentals paid under operating leases are charged to the Statement of financial aclivities on a straight
line basis ov8r th818a88 t8rm.
2.15 Penslons
The School operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the School to the fund in respect of the year.
The School contributes to Group Personal Pension Schemes for the benefit of all employees. The
schemes are defined contribution schemes administered by Scottish Widows and Pensions Tnjst.
2.16 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Govemors
in furtherance of the general objectives of the School and which have not been designated for other
purposes.
Endowment funds comprise funds that represent the land endowed in the School's constitution. and
is held on Trust for Oswestry School.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Sch)ol for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
2.17 Composlte fee8 scheme
Parents may, subject to contractual ternis and conditions, pay to the School tultlon fees in advance.
The money may be returned subj8Ct to specific condittons.
Page 27

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Critical accounllng estlmates and areas of judgment
Estlmates and judgments are continually evaluated and are based on historical experience and other
factors. induding expectstions of future events that are beli8ved to be reasonable under the
circumstances.
The School makes estimates and assumptions concerning the future. The resulting accounting estlmates
will, by definition, seldom equal the related actual results. In the opinion of the Governors there are no
estimates and assumptions that have a slgnlficant rlsk of causlng a materlal adjustment to the carrying
amount of assets and liabilities within the next financial year.
Income from donatlons and legacles
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations & fundr8islng
64,455
64,455
141,441
Total 2023
141,441
141,441
Income from charitsble activities
Unrestrlcted
funds
2024
Total
funds
2024
Total
fvnds
2023
School Fees
R8gistration Income
Shop Income
Other School Income
8.178.555
43.050
99,950
312.787
8.178.555
43,050
99,950
312.787
6.994,086
81,816
104,582
243,046
Total 2024
8,634,342
8,634,342
7,423,530
Total 2023
7,423,530
7.423.530
Page 28

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Charitable actlvllias . school fees
2024
2023
Gross school f88S
Scholarship, bursaries and remissions
10,361,434
9, 144,867
(2,185,879) (2. 150. 781)
Totsl
8,175.555
6,994,086
Income from other trading actlvltles
Income from non charltable tradlng aetivllles
Unre￿ricted
funds
2024
Total
funds
2024
Totsl
fvnds
2023
LettingslHire of School
273,765
273,765
289,687
Total 2023
289.687
289,68T
Page 29

OSWESTRY SCHOOL
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Investment income
Unrestrlcted Endowmenl
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Llsted Investments
Cash Investments
410
82,204
410
82,204
1,337
31.145
82,614
82,614
32,482
Total 2023
31,227
1.255
32,482
Expenditure on raising funds
Costs of raising voluntary income
Unrestrlcted Restrictsd
funds
funds
2024
2024
Total
funds
2024
Tot81
funds
2023
Finance costs
Fundraising costs
147,774
323,872
147,774
325,094
123, 140
192, 764
471.646
1.222
472,B68
315,904
Total 2023
315.904
315.904
Page 30

OSWESTRY SCHOOL
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. Analysis of expenditure on charitable activitiès
Summary by fund type
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total
2024
Total
2023
Teaching
Welfare
Premises
Support costs and govemance
3,639,669
994,493
2.037.834
1,687.267
3,235
3,642.904
994,493
2,053.745
1,687,267
3.097,516
895,895
1,903, 120
1.466. 187
15,911
8,359,263
19,146
8,378,409
7,362. 718
Tot812023
7,332,976
29,742
7,362, 718
Summary by expenditure type
Depreclallo
n Other costs
2024
2024
Staff costs
2024
Total
2024
Total
2023
Teaching
Welfare
Premlses
Support costs and govemance
3,368,796
160,570
744,828
591.458
274,108
833,923
955,838
1,095,809
3,642,904
994,493
2,053,745
1,687,267
3,097.516
895.895
1,903, 120
1,466, 187
353.079
4,865.652
353,079
3.159.678
8,378,409
7.362,718
Total 2023
4.144.251
344.152
2,874,315
7,362,718
Page 31

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11. Net Income￿XpendItUre
This is ststed afler charging:
2024
2023
Depreciation of tangible fixed assets - held under finance lease
Depreciation of tangib18 fixed assets - owned by the charity
Auditors. remuneration - audit and accounts preparation
52,480
300,599
18,466
50, 139
294,015
16,583
371,545
360, 737
12. Staff costs
2024
2023
Wages and salaries
Social securfty costs
Other pension costs
4,053,653
351,325
460,674
3,461,795
292, 180
390.276
4,865.652
4,144,251
Included within th8 above are exceptional staff payments of £30,000 {2023: £nil).
The average number of persons empk)yed by the School during th8 y8ar was as follows:
2024
No.
2023
No.
Academic
Admlnlstrative
Estates
Welfare
92
21
39
10
85
18
35
162
146
Pag8 32

OSWESTRY SCHOOL
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12. Staff costs (contlnued)
The average headcount expressed 85 fijll-time equivalents was:
2024
No.
2023
No.
Academic
Support
Estates
Welfare
77
19
31
70
16
26
131
116
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,0(Ki was."
2024
2023
In the band £50.001- £60,000
In the band £60.001- £70,000
In the band £70.001- £80.000
In the band £110,001- £120,000
Aggregate employee-benefit5 (including employer pension contributions) of key management personnel
were £523,750 (2023: £307,598).
13. Governors. remuneration and expenses
During the year. no Governors received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 August 2024. expenses totaling £774 were reimbursed or paid directly to 1
GoverrK)r (2023 - £4,003). This relates to the accommodation costs required to attend the board
meetings.
Page 33

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1& Tangible fixèd assets
Freehold
property
Motor Fixtures and
vehicles
fittlngs
Total
Cost or valuatlon
At 1 September 2023
Additions
Disposals
8.681.474
108.992
407,082
98,765
(70.985)
4,113,474 13,202.030
817,344
1,025.101
170.985)
At 31 August 2024
8,790,466
434,862
4,930,818 14,156,146
Depreciation
At 1 September 2023
Charge for the year
On disposals
1,984184
124,564
186,382
33,245
(34,987)
2.878,888
195,268
5.049.454
353,077
(34,987)
At 31 August 2024
2,108,748
184,640
3,074,156
5,367.544
Nét book value
At 31 August 2024
6.681,718
250.222
1,856.662
8.788.602
At 31 August 2023
6,697.290
220, 700
1,234.586
8, 152,576
The net book value of assets held under finance leases or hire purchase contracts, included above, are
as follows".
2024
2023
Motor vehicles
Fixlures and fittings
134,835
91,666
43.922
127.801
226,501
171,723
Page 34

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Tanglble fixed assets {contlnued)
Included in land and buildings is freehold land at a deemed cost of £1,199.726 (2023: £1.199.726).
which is not depreclated. Of this amount £681.793 (2023: £681.793) is permanently endowed.
Of th8 abov8. the following land and buildings have been used as securty via fixed charges, and
have been agreed as a negative pledge wlth Lombard North Central Publlc Llmited Company and
National Westrninster Bank PLC..
Oswestry Junior School, Upper Brook Street, Oswestry Vno SL106680, bellan house school. 40 Church
Street, oswesty Uno SL106681 and the land and buildings on the south west side of Oswald's Well
Lane. Oswesty Vno SL106682.
There is also a third party legal charge over Ihe following..
Bellan House School 40 Church Street Oswesty Shropshire and land and buildings on the south west
side of Oswalds Well Lane Oswestry Shropshire un's SL1C6680, SL106681 and SL106682 by way of
fi'xed charge any other interest in the property, all r8nts r8c8ivab18 & all plant machinery fixtures fittings
furnFture equipment implements & utensils. The gC￿will of any business carried on at the prop8ty & th8
pr(￿edS of any Insurance affectlng the property or assets.
The third party legal charge is held with National Westminster Bank PIC by way of18gal mortgage.
15. Flxed asset Inveslments
Llsted
investments
Cost or valuatlon
At 1 September 2023
Revaluations
87.553
8,721
At 31 August 2024
96,274
Net book value
At 31 August 2024
96.274
At 31 August 2023
87,553
Page 35

OSWESTRY SCHOOL
(A company limit•d by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. Stocks
2024
2023
School shop items
65,432
68,580
17. Debtors
2024
2023
Due within one year
Fee debtors
8.156
87,141
124,199
71660
2,117
71,941
125,606
7.008
other debtors
Prepayments and accrued income
Trad8 d8btors
296.156
206.672
18. Creditors.. Amounts falling duè within one year
2024
2023
Bank loans
Deposits held
Trade creditors
Fees in advance
Composite fees
Other taxation and S￿la1 security
Obligab'ons under finance lease and hire purchase contracts
other creditors
Accruals and deferred income
383.258
506,302
707,668
2.027.606
562.866
98,297
49,954
82,131
128.151
199,767
533,445
451.527
2.045.325
159.905
76.621
53.866
114.702
q52, 794
4,546,233
3, 787,952
Page 36

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
19. Creditors: Amounts falling due after more than one year
2024
2023
Bank loans
N8t obligations under financ8 lease and hire purchase contracts
Composite fees
946,259
115,839
1,277,997
1,326.194
105, TT5
112,728
2,340,095
1,544,697
Bank Loans
Included within the above are amounts falllng due as follows:
2024
2023
Bètween one and two years
Bank loans
177A64
199.767
Betwèon two and five years
Bank loans
377.393
504,302
Over five years
Bank loans
391,402
622, 125
The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the
reporting date is:
2024
2023
Payable or repayable by instalments
638,301
622. 125
638.301
622,125
The bank loans and overdrafts are secured by a mortgage over the School's freehold land and propety.
Page 37

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
19. Credltors: Amounts falllng due after more than one year (¢ontinued}
Finance Leases
Obligations under finance leases and hire purchase contracts ar8 s8cur8d on th8 applicable terms.
Obligations under flnance leases and hlre purchase contracts. included above, are payable as follows:
2024
2023
Between one and years
Between kn and five years
Over five years
77,057
38,782
37,389
68,386
115,839
105, 775
Page 38

OSWESTRY SCHOOL
(A company limiled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Statement of funds
Statsment of funds - current year
Balance at 1
September
2023
Balance at
Gainsl 31 August
(Losses)
2024
Transfers
inloul
Income Expenditure
Unrestricted
funds
Dèsignated
fvnds
Sch￿1
Development
Fund
330,000
330,000
General funds
General Funds
Revaluation
reserve
1,178,375
8,990.721
(8.830.909)
12,222
553
1.350.962
2,648,112
2,648,112
3,826,487
8,990,721
(8,830,909)
12,222
553
3,999,074
Total
Unrestrlcted
funds
4,156,487
8,990.721
(8.830.909)
12.222
553
4,329,074
Endowment
fund5
School Charity
Fund
Mrs Wynne
Corrie Memorial
Fund
Exhibition &
Scholarship
Fund
Endowed Land
36,764
196
36,960
8,362
418
8,780
44,680
681.793
52,234
681,793
771,599
8,168
779,767
Page 39

OSWESTRY SCHOOL
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20. Statement of funds (continued)
Balance at 1
September
2023
Balance at
Gainsl 31 August
(Losses)
2024
Transfers
inlout
Income Expendlture
Restrlcted
funds
David Holbathe
Appeal Fund
Refurbishment
Fund
Old Oswestrian
Society
Leaming
Development
Fund
STEM Fund
177,402
14.868
192.270
227,978
48,284
(20,368)
255,894
11,222
(11,222)
1,000
(1,000)
1,303
1,303
417.602
64,455
(20,368)
(12,222)
449,467
Total of funds
5.345,688
9.055,176 (8,851,277)
8,721
5,558.308
Page 40

OSWESTRY SCHOOL
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20. Statement Df funds (continued)
Designated Funds
School Development Fund:
The govemors have designat8d the funds received from the sale of some land which will be set aside
for various future school developments as they arise. Th8 funds will be kept in a different bank account
from the rnain current account.
Endowmant Funds
Endowed Land r8pr8sents the land endowed in the School's constitution, and is held on Trust for
Oswestry School.
Rèstricted funds
David Holbache Appeal Fund..
This restricted fund represents funds receNed under the David Holbache Appeal for various capital
projects.
Refurbishment Fund:
This restricted fund represents a donation for the refurbishment of certain facilities.
Learning Support Fund:
This restricted fund represent a £1,000 donation received for the purchase of new laptops for the
leaming support department. This donati¢)n was fully spent in October 2023.
STEM Fund..
This restrict8d fund represents donations received to help purchase supplies for Science, Technology.
Engineering and Mathematics departments.
Page 41

OSWESTRY SCHOOL
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Statement of funds (contlnued)
Statsment of funds - prior year
Balance at
1 September
2022
Balance at
31 August
2023
Gain
(Losses)
Income Expenditure
Unrestricted funds
Deslgnated funds
School Development Fund
330,000
330,000
General funds
General Funds
R8valuation res8rv8
1,082,863
2.648,112
7, 744,444 (7,648,880)
(52)
1. 178.375
2,648,112
3. 730,975
7.744.444 (7,648, 880)
(52) 3.826,487
Total Unrostricted funds
4,060,975
7, 744,444 (7,648,880)
(52) 4, 156,487
Endowment funds
School Charity Fund
Mrs Wynne Corrie Memorial
Fund
Exhibition & Scholarshlp Fund
Endowed Land
35.451
563
750
36. 764
8,096
44,825
681,793
266
(837)
8.362
44.680
681,793
692
770, 165
1,255
179
771,599
Page 42

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Statement of funds (continued)
Balance at
I September
2022
Balance at
31 August
2023
Gains/
(Losses)
Income Expenditure
Restricted funds
David Holbache Appeal Fund
Refurbishment Fund
Old Oswestrian Society
Library Fund
Learning Development Fund
154.229
151,674
23,173
92,215
6,618
18,435
177,402
227,978
11,222
(15,911)
4.604
(18,435)
305,903
141,441
(29, 742)
417,602
Total of funds
5, 137,043
7,887,140 (7, 678, 622)
127
5.345.6B8
21. Analysis of net assets betrmen funds
Anatysis of net assets between funds - current period
Unrestricted Restricted Endowment
funds
fvnds
funds
2024
2024
2024
Total
fvnds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
7.657.342
449.467
681.793
96,274
1,700
8,788.602
96.274
3,559,760
(4,546.233)
(2.340.095)
3,558,060
(4.546.233)
(2.340.095)
Total
4,329.074
449,467
779,767
5.558,308
Page 43

OSWESTRY SCHOOL
(A company limrted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
21. Analysis of net assets betwe•n funds (continued)
Analysis of net assets betwtsn fund$ - prior period
Unr8Stn'ct8d
funds
2023
Restrict8d Endowment
funds
fvnds
2023
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
7,034, 746
(2,253)
2,438.208
(3, 769,517)
(1.544, 697)
436,037
681, 793
89.806
8. 152,576
8T,553
2,438,208
(3, 787,952)
(1.544.697)
(18,435)
Total
4, 156,487
417,602
771,599
5.345.688
22. Reconelllatlon of net movement In funds to net cash flow from operatlng actlvltiès
2024
2023
Net income for the period (as per Statement of Financial Activities)
212,620
208,645
Adjustments for:
Depreciation charges
(Gainsylosses on investments
(Profityloss on the sale of flxed assets
Decreasel(increase) in stocks
Increase in debtors
Increase in creditors
Increasel{decrease) in fees re￿iVed in advance
353,077
(8,721)
2,080
3,148
{89,484>
193,460
1,550,511
344,154
(127)
(8,373)
(6. 793)
(73.593)
16.615
618,336
Net cash provided by operating activitles
2,216,691
1,098,864
Page 44

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Anatysis of cash and cash equivalents
2024
2023
Cash in hand
3.198,172
2.162,956
Total cash and cash equivalents
3,198,172
2. 162.956
24. Anatysis of change$ in net debt
At1
Septembér
2023 Cash flows
At31
August
2024
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
Finance leases
2,162.956
1,035,216
3,198,172
(199,767) (183.491) (383,258)
(1,326,194}
379.935
(946,259)
(159,641)
(6,152) (165,793>
477,354
1,225.508
1,702,862
25. Capltal commltments
2024
2023
Contracted for but not provided in these financial statements
Acquisition of tangible fixed assets
151.698
Pension commlknents
Group Personal Pension Schemes
The School contrlbutes to Group Personal Penslon Schemes for the benefit of all employees. The
sthemes are defined conlribution schemes administered by Scottish Widows and Pensions Trust. The
pension cost charged in the accounts is the amount payable by the School during the year which
amounted to £460,674 (2023: £390,276). There were contributions payable to the fund at the balance
sheet date of £nil (2023: £nil).
Page 45

OSWESTRY SCHOOL
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Op•rating1oasa commitments
At 31 August 2024 the School had commitments to make future minimum lease payments under non-
cancellable operating leases as follows..
2024
2023
Not later than 1 year
Later than 1 year and not18ter than 5 years
10,983
2.160
14,068
13,143
13,143
27,211
28. Relatsd party transactlons
The School is under the control of the Board of Govemors WIK) are directors of Oswesty School, 8
charrtable company.
During the year the School provided tuition to 14 pupils related to the Governors and 8 pupils of key
management personnel (2023: 5 related to the Governors, 8 related to key management personnel).
Fees receivable were £124,832 (2023.. £77,885). The amount outstanding due to Oswestry School St the
year end was £nil (2023: £nil).
No special remissions were awarded to those children by virtue of their membership of the Governing
BcKly. Details of staff discounts are noted on page 8.
Controlling party
The School, having no share capital, is under the control of the Board of Govemors. who are also the
Tnjstees and the Directors of th6 School.
Page 46