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2023-08-31-accounts

Registered number: 04030247 Charity number: 1086711

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 8
Independent auditors' report on the financial statements 9 - 12
Consolidated statement of financial activities 13
Consolidated balance sheet 14 - 15
Charity balance sheet 16 - 17
Consolidated statement of cash flows 18
Notes to the financial statements 19 - 38

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2023

Trustees William Eddison (Resigned 7 February 2024)
Adam Holdsworth (Resigned 22 January 2024)
Mark Robinson (Resigned 31 August 2023)
James Mundell (Resigned 25 January 2024)
Geoffrey Mountain (Appointed 1 September 2022)
Karen Ellison (Resigned 7 February 2024)
Stewart McGuffie (Resigned 22 January 2024)
Caroline Hurwood (Resigned 31 January 2024)
Daniel Rathbone
Joanna Phillips (Resigned 31 August 2023)
Jonathan Clough (Appointed 11 October 2023)
Simon Cavell (Appointed 7 February 2024)
Phil Soutar (Appointed 7 March 2024, resigned 21 May 2024)
Jeremy Harrison (Appointed 13 March 2024)
Company registered
number
04030247
Charity registered
number
1086711
Registered office
Carter's Lane
Middleton
Ilkley
LS29 0DQ
Company secretary
William Eddison (Resigned 7th February 2024)
Independent auditors
Sagars Accountants Ltd
Statutory Auditor
Gresham House
5-7 St Pauls Street
Leeds
LS1 2JG
Key Management
Personnel
Chris O'Doherty
Sarah White
Fran Colman
Susan Walker

Page 1

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2023

The Trustees present their annual report together with the audited financial statements of the Charity for the 1 September 2022 to 31 August 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the 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 Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the Charity qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

Westville House School was incorporated as a private company, limited by guarantee, on 5 July 2000, company number 04030247.

The charity was granted charitable status on 22 May 2001, charity number 1086711. The principal registered office of the charity is Carter’s Lane, Middleton, Ilkley, West Yorkshire, LS29 0DQ.

The charity’s objects are the advancement of education and in furtherance therefore to acquire and carry on as a going concern the school known as Westville House School at Ilkley, West Yorkshire together with the property and assets used in connection therewith.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

The strategies employed to achieve the charity’s objectives are to ensure: i) Good financial discipline in the operating costs of the charity;

ii) That all children attending the school achieve their primary targeted secondary school; and iii) That funding includes flexibility to provide bursaries for a broad range of children from different backgrounds and of more modest financial means so that they may receive a Westville House School Education.

The charity has several powers permitted by the Memorandum of Association that allow the above strategies to be achieved.

Page 2

WESTVILLE HOUSE SCHOOL (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Achievements and performance

a. Main achievements of the Charity

The charity currently carries out many activities that are for public benefit:

Charity fund raising

The pupils hold many charity fund-raising events that benefit numerous overseas, national and local charities. This encourages pupils to support those less fortunate than themselves. During 2022/23 the school made the following charitable donations from funds raised:

Children in Need - £160 Mind - £788 Save the Children - £482

Hall hire activities

The school’s multi-purpose hall is available for use by members of the local community outside school hours. Sports clubs and organisers of music and drama festivals also frequently hire the hall. Local state schools have been allowed to use the hall for sports tournaments at no charge.

Building Hire

The school hires out to other Ofsted Registered Providers to offer holiday provision to Westville Pupils and external pupils providing a local solution for holiday care in the community.

Local Community

The school continues to be actively involved in the local community, participating in a variety of events – most notably the Ilkley Carnival and the Wharfedale Festival. The school also participates in the Wharfedale Cross Country League. The children engage with the local community by sending cards to alumni and local residential homes at Christmas, singing Carols in Ilkley, donating gifts of kindness and taking part in rotary club handwriting competitions. Children are invited to take part in local events due to their excellent behaviour and enthusiasm such as watching shows at local schools, joining in workshops and talks via video link. We return these invitations.

b. Long Term Investment

The major investment project undertaken in 2015/16 has left the school with market leading facilities. The purpose-built Early Years Unit now allows the school to take children from two years old and upward, and all of the pupils in the school are now benefiting from significant upgrading and refurbishment of the facilities. The unit is now open 51 weeks per year and offers full wrap around care for 2-4 years olds. Improvements to the outdoor provision throughout the school are being made in order to ensure we offer the best facilities.

The school operates wrap-around care for Westville pupils in line with national initiatives to provide working parents with services before and after school. Premises operate from 7.30am - 6.00pm during term time.

Page 3

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Achievements and performance (continued)

c. Educational and Operational Review

A full inspection of the school was undertaken by The Independent Schools Inspectorate in October 2023. Standards in all five areas were met with no actions:

Recommended next steps agreed with inspectors are:

The report noted that, “Leaders and managers at all levels in the school prioritise the school’s mission of promoting family values and nurturing happy children. Governors provide the school leaders with appropriate support. Leaders understand how to implement strategy in pursuit of these objectives. They prioritise staff training to ensure that their ambitious plans for the school are achieved.”

The Education committee regularly meets to review the quality of the educational provision provided.

d. Senior School Entry Results

All Form 4 (Year 6) children achieved entry to their first choice schools, with many gaining places at a number of different schools. A range of scholarships and awards were achieved. All the children who sat the 11+ for entry to Skipton Girls High School and Ermysteds passed.

e. Sport

The school had a successful year in the sporting arena, fielding teams in football, rugby, cricket, netball, rounders, swimming and cross-country Running. Inter-house competitions were held in many of these sports and also in athletics, so that all children were able to be included in the competitive sporting programme. The school also holds a Netball tournament which is open to local state and independent schools. We host a cricket festival and the school undertakes an annual sports tour. The school offers a range of after school and lunchtime sports clubs which are open to the children. Links with senior schools provide sports clubs specialist coaching sessions.

f. Music and Drama

The pupils enjoy very good musical education; our choirs and ensemble have sung and performed at our Speech Day and Carol Service and at several other events during the year. The pre prep children take part in the annual Nativity. The prep pupils partake in an annual show. Many of our pupils participate in the Wharfedale Festival of Performing Arts for verse speaking and story writing and the Bingley Music Festival. A range of peripatetic musicians visit the school to provide opportunities for children to learn to play instruments and singing all of which enter accredited examinations as required.

Page 4

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Achievements and performance (continued)

g. Art

A specialist art teacher provides the children with opportunities to develop skills and enjoyment to flourish in both art and design curriuculum. Art plays an important part in the curriculum and children of all ages are exposed to a wide variety of media. There are regular visits to venues including The Mount School in York to allow the children to develop arts skills. The standard of art throughout the school was highly commended in our last inspection.

h. Other events

The school enters the walking parade of the Ilkley Carnival in May. We also hold external events at school such as fairs , quizzes and visiting speakers. The school also hosts the annual Master Chef/Bake Off competition, which proves to be very popular with the pupils. An Enterprise week has now become an annual event.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Review of the year

The charity ended the year with an excess of income over expenditure of £4,277 which resulted in increasing its total funds to £1,185,782.

At the year end there was £55,774 (2022: £33,471) in restricted funds.

Unrestricted reserves at 31 August 2023 were £1.13m. The school has made a significant investment in its building and facilities in recent years, and unrestricted reserves are wholly held in fixed assets. The trustees are mindful of the need to increase the unrestricted reserves of the charity in future years to stabilise its financial position whilst balancing the provision of a high standard of education to its pupils.

The market for independent education remains challenging, but the trustees look to the future with confidence given the strong asset base, the high quality facilities which have been enhanced in recent years and the excellent reputation of the staff in delivering the educational objectives.

Further development of the facilities remains an objective, but commitments will only be made as funds allow. There are no assets held on behalf of any another charity.

The remuneration policy for senior staff is at the sole discretion of the trustees.

Page 5

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

c. Principal risks and uncertainties

The trustees maintain a risk management matrix. The risks associated with the operation of the school are known to the trustees and are managed and mitigated accordingly. Regular meetings and discussions between the Head Teacher (and senior staff) and the Chair of the Governors; with heads of our key sub-committees (Finance, Marketing, Education, Premises); and with individual trustees in addition to very regular full trustees meetings, and sub-committee meetings all mitigate risk.

The trustees have a risk management strategy that includes: i) An annual review of the risk management matrix; ii) The establishment of systems and procedures to mitigate those risks identified in the plan; iii) The implementation of procedures designated to minimise any potential impact on the charity should they materialise.

d. Financial risk management objectives and policies

Financial risk is mitigated by the issue by the Bursar (a qualified accountant) and the Finance sub-committee to the trustees of monthly management accounts. Compliance with relevant laws is discussed and procedures implemented by the Trustees working as a board.

The policies of risk management are continuously reviewed to ensure they remain up-to date and relevant to the needs of the charity.

e. Trustees

The Trustees who are also directors for the purposes of the Companies Act 2006 are shown above. In addition, there is one two advisory governor. The individual is not a trustee or director of the Company and does not have a formal vote in meetings of the company, but offers wise counsel and otherwise plays a full part in the governance of the school: Rosey James

Page 6

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Structure, governance and management

a. Constitution

The charitable company is limited by guarantee and registered as a charity under the Charities Act 1993. It is governed by its Memorandum and Articles of Association, originally issued on 5 July 2000 (altered 3 October 2008, and again altered 22 March 2016). The charity enjoys charitable status for taxation purposes.

Anyone over the age of 18 can become a member of the charity subject to approval by the trustees.

No director has any beneficial interest in the charity. All directors are members of the charity and guarantee to contribute a maximum of £10 each in the event of a winding up. The number of guarantees at 31 August 2023 was 8.

b. Methods of appointment or election of Trustees

Appointment of trustees began from the first annual general meeting in accordance with the articles of association. At every subsequent annual general meeting, one third of the trustees are subject to retirement by rotation.

If the charity at the meeting at which a trustees retires by rotation does not fill the vacancy the retiring trustee shall, if willing to act, be deemed to be reappointed unless at the meeting it is resolved not to fill the vacancy or unless a resolution is put to the meeting and lost. The number of trustees must not be less than two and is not subject to any maximum. Trustees have the power to co-opt members to a sub-committee so long as those coopted members do not exceed one half of the total number of trustees on that sub-committee.

c. Organisational structure and decision-making policies

The trustees hold responsibility for the stewardship of the School, its overall strategic direction and financial wellbeing. The trustees work with the School’s Head Teacher to which the day to day operation of the School is delegated. In turn the Head Teacher is supported on operational matters by his or her senior management team.

d. Policies adopted for the induction and training of Trustees

Any new trustee, undergoes an orientation process which includes a briefing on the legal obligations of a trustee under Charity and Company Law, the content of the Memorandum and Articles of Association and the processes on decision making within the organisation. Trustees also make acquaintance with all other trustees of the school. The charity encourages trustees to attend, at their discretion, appropriate external training events where these will be of use for the undertaking of the role.

e. Related party relationships

During the year, £3,000 of donations were received from trustees and companies under the control of trustees. There were no further related party transactions as are required to be reported under the Statement of Recommended Practice (SORP) FRS 102.

No trustee received any remuneration of any kind in respect of their role as a trustee or Governor of Westville House School.

Westville House School has a 100% shareholding in a trading company, Peaktarn (Company number 02708821). The principal activity of Peaktarn is the ownership and management of the school freehold property at Carter’s Lane, Middleton, Ilkley, LS29 ODQ. The company was created for the acquisition, development and management of the property and is controlled by the charity.

Page 7

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, Sagars Accountants Ltd, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

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

Daniel Rathbone

(Chair of Trustees) Date: 24 May 2024

Page 8

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WESTVILLE HOUSE SCHOOL

Opinion

We have audited the financial statements of Westville House School (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 August 2023 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Charity balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting 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 sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 9

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WESTVILLE HOUSE SCHOOL (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Page 10

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WESTVILLE HOUSE SCHOOL (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws 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 considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of income and posting of unusual journals along with complex transactions. We discussed these risks with client management, designed audit procedures to test the timing of income, tested a sample of journals, selected on a risk basis, to confirm they were appropriate and reviewed areas of judgement and estimation for indicators of management bias to address these risks.

The organisation is subject to many other laws and regulations where the consequences of non compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified Charity Commission Regulations as the area most likely to have such an effect. Auditing standards limit the required audit procedures to identify non compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Page 11

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WESTVILLE HOUSE SCHOOL (CONTINUED)

Susan Seaman, BA FCA CIOT (Senior statutory auditor) for and on behalf of Sagars Accountants Ltd

Sagars Accountants Ltd Statutory Auditor Gresham House 5-7 St Pauls Street Leeds LS1 2JG

24 May 2024

Sagars Accountants Ltd are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 12

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other income
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
2,192
1,193,278
10,997
1,206,467
3,858
1,220,635
1,224,493
(18,026)
1,148,034
(18,026)
1,130,008		 Restricted
funds
2023
£
26,345
-
-
26,345
-
4,042
4,042
22,303
33,471
22,303
55,774		 Total
funds
2023
£
28,537
1,193,278
10,997
1,232,812
3,858
1,224,677
1,228,535
4,277
1,181,505
4,277
1,185,782		 Total
funds
2022
£
39,063
980,913
14,425
1,034,401
4,243
1,028,539
1,032,782
1,619
1,179,886
1,619
1,181,505

Page 13

WESTVILLE HOUSE SCHOOL (A company limited by guarantee) REGISTERED NUMBER: 04030247

CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2023

Note
Fixed assets
Tangible assets
13
Current assets
Stocks
15
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within one
year
17
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
18
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 4,058
56,988
58,358
119,404
(219,343)		 2023
£
1,853,023
1,853,023
(99,939)
1,753,084
(567,302)
1,185,782
1,185,782
55,774
1,130,008
1,185,782		 2,990
62,067
71,179
136,236
(192,140)		 2022
£
1,838,710
1,838,710
(55,904)
1,782,806
(601,301)
1,181,505
1,181,505
33,471
1,148,034
1,181,505

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Page 14

WESTVILLE HOUSE SCHOOL (A company limited by guarantee) REGISTERED NUMBER: 04030247

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2023

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

Jeremy Harrison (Trustee) Date: 24 May 2024

The notes on pages 19 to 38 form part of these financial statements.

Page 15

WESTVILLE HOUSE SCHOOL (A company limited by guarantee) REGISTERED NUMBER: 04030247

CHARITY BALANCE SHEET AS AT 31 AUGUST 2023

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Stocks
15
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within one
year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
18
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 4,058
1,144,368
58,221
1,206,647
(217,943)		 2023
£
834,771
2
834,773
988,704
1,823,477
(567,302)
1,256,175
1,256,175
55,774
1,200,401
1,256,175		 2,990
1,148,507
70,475
1,221,972
(190,840)		 2022
£
819,925
2
819,927
1,031,132
1,851,059
(601,301)
1,249,758
1,249,758
33,471
1,216,287
1,249,758

The Charity's net movement in funds for the year was £6,417 (2022 - £4,978).

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

Page 16

WESTVILLE HOUSE SCHOOL (A company limited by guarantee) REGISTERED NUMBER: 04030247

CHARITY BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2023

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Jeremy Harrison (Trustee) Date: 24 May 2024

The notes on pages 19 to 38 form part of these financial statements.

Page 17

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowing
Repayments of finance leases
Interest paid
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
£
64,505
(29,562)
(29,562)
(30,736)
(473)
(16,555)
(47,764)
(12,821)
71,179
58,358		 2022
£
22,729
(2,520)
(2,520)
(31,384)
(2,841)
(15,342)
(49,567)
(29,358)
100,537
71,179

The notes on pages 19 to 38 form part of these financial statements

Page 18

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1. General information

The principal activity of the charity is the advancement of education in Ilkley and the Wharfe Valley by furtherance of the school known as Westville House School, Ilkley, together with the connected property and assets.

The charity is a private company limited by guarantee, registered in England and Wales (no 04030247) and a registered charity in England and Wales (no 1086711). The address of the registered office is Carter’s Lane, Middleton, Ilkley, LS29 0DQ.

Westville House School meets the definition of a public benefit entity under FRS102.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Westville House School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.

2.2 Going concern

The financial statements have been prepared on the basis that the charity can continue to operate as a going concern. The trustees have produced financial forecasts for the year ahead and, assuming a worst-case scenario, are of the opinion that the charity has adequate resources to achieve its objectives over the next 12 months based on projected fee revenue and committed external funding.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 19

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable 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 those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible 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 working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Motor vehicles - 25% Fixtures and fittings - 10-20% Other fixed assets - 5-10%

Page 20

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

2. Accounting policies (continued)

2.7 Investments

Fixed asset investments are a form of financial instrument and are 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 ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

Investments held as fixed assets are shown at cost less provision for impairment.

2.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes 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 after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

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

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.12 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 21

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

2. 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 depreciated 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 Group. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Consolidated statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.14 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

2.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group 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.

2.16 Limited by guarantee

The charity is a company limited by guarantee. The members of the charity are the Trustees named in the Trustees' report. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

3. Income from donations and legacies

Donations
Donations		 Unrestricted
funds
2023
£
2,192
Unrestricted
funds
2022
£
35,295		 Restricted
funds
2023
£
26,345
Restricted
funds
2022
£
3,768		 Total
funds
2023
£
28,537
Total
funds
2022
£
39,063

Page 22

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

4.
Income from charitable activities
School Fees
School Fees
5.
Other trading activities
Hall bookings and room hire
Hall bookings and room hire
6.
Expenditure on raising funds
Costs of raising voluntary income
Other		 Unrestricted
funds
2023
£
1,193,278
Unrestricted
funds
2022
£
980,913
Unrestricted
funds
2023
£
10,997
Unrestricted
funds
2022
£
14,425
Unrestricted
funds
2023
£
3,858		 Total
funds
2023
£
1,193,278
Total
funds
2022
£
980,913
Total
funds
2023
£
10,997
Total
funds
2022
£
14,425
Total
funds
2023
£
3,858

Page 23

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

6. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

Unrestricted Total
funds funds
2022 2022
£ £
Other 4,243 4,243

7. Analysis of expenditure on charitable activities

Summary by fund type

Primary school and nursery
Support costs
Primary School and nursery
Support costs		 Unrestricted
funds
2023
£
1,093,711
126,924
1,220,635
Unrestricted
funds
2022
£
917,118
106,735
1,023,853		 Restricted
funds
2023
£
918
3,124
4,042
Restricted
funds
2022
£
918
3,768
4,686		 Total
2023
£
1,094,629
130,048
1,224,677
Total
2022
£
918,036
110,503
1,028,539

Page 24

WESTVILLE HOUSE SCHOOL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

8. Analysis of expenditure by activities

Primary school and nursery
Support costs
Primary school and nursery
Support costs		 Activities
undertaken
directly
2023
£
1,094,629
-
1,094,629
Activities
undertaken
directly
2022
£
918,036
-
918,036		 Support
costs
2023
£
-
130,048
130,048
Support
costs
2022
£
-
110,503
110,503		 Total
funds
2023
£
1,094,629
130,048
1,224,677
Total
funds
2022
£
918,036
110,503
1,028,539

Analysis of support costs

Property Costs
Vehicle Costs
Governance
Interest
Other		 Support
Costs
2023
£
66,363
10,206
35,100
16,485
1,894
130,048		 Total
funds
2023
£
66,363
10,206
35,100
16,485
1,894
130,048

Page 25

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

8. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Property Costs
Vehicle Costs
Governance
Interest
Other
9.
Auditors' remuneration
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts
Fees payable to the Charity's auditor in respect of:
All non-audit services not included above		 Support
Costs
2022
£
59,143
9,050
24,995
15,342
1,973
110,503
2023
£
9,600
4,450		 Total
funds
2022
£
59,143
9,050
24,995
15,342
1,973
110,503
2022
£
8,500
3,930

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2023
£
714,116
59,772
63,748
837,636		 Group
2022
£
591,829
33,460
64,777
690,066		 Charity
2023
£
714,116
59,772
63,748
837,636		 Charity
2022
£
591,829
33,460
64,777
690,066

The average number of persons employed by the Charity during the year was 34 (2022: 33)

Group Group
2023 2022
No. No.
34 33

Administrative staff

Page 26

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

10. Staff costs (continued)

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2023 2022
No. No.
In the band £60,001 - £70,000 1 -

The employee benefits for the key management personnel, listed within the trustees report, was £144,455 (2022 - £114,696).

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 August 2023, no Trustee expenses have been incurred (2022 - £NIL).

12. Intangible assets

Group

Cost
At 1 September 2022
At 31 August 2023
Amortisation
At 1 September 2022
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022		 Goodwill
£
14,000
14,000
14,000
14,000
-
-

Page 27

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

12.
Intangible assets (continued)
Charity
Cost
At 1 September 2022
At 31 August 2023
Amortisation
At 1 September 2022
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022		 Goodwill
£
14,000
14,000
14,000
14,000
-
-

Page 28

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

13. Tangible fixed assets

Group

Cost or
valuation
At 1 September
2022
Additions
Disposals
At 31 August
2023
Depreciation
At 1 September
2022
Charge for the
year
On disposals
At 31 August
2023
Net book value
At 31 August
2023
At 31 August
2022		 Land and
buildings
Plant and
machinery
£
£
1,821,933
28,393
13,446
-
-
-
1,835,379
28,393
-
28,393
-
-
-
-
-
28,393
1,835,379
-
1,821,933
-		 Motor
vehicles
£
13,523
-
-
13,523
9,578
3,381
-
12,959
564
3,945		 Fixtures
and fittings
£
237,665
16,116
(6,781)
247,000
226,918
11,335
(6,781)
231,472
15,528
10,747		 Office
equipment
£
60,629
-
-
60,629
60,096
533
-
60,629
-
533		 Reference
library
£
1,552
-
-
1,552
-
-
-
-
1,552
1,552		 Total
£
2,163,695
29,562
(6,781)
2,186,476
324,985
15,249
(6,781)
333,453
1,853,023
1,838,710

Page 29

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

13. Tangible fixed assets (continued)

Charity

Cost or valuation
At 1 September 2022
Additions
Disposals
At 31 August 2023
Depreciation
At 1 September 2022
Charge for the year
On disposals
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022		 Freehold
property
£
803,681
13,446
-
817,127
-
-
-
-
817,127
803,681		 Motor
vehicles
£
13,523
-
-
13,523
9,578
3,381
-
12,959
564
3,945		 Fixtures and
fittings
£
234,752
16,116
(6,781)
244,087
224,005
11,335
(6,781)
228,559
15,528
10,747		 Other fixed
assets
£
1,552
-
-
1,552
-
-
-
-
1,552
1,552		 Total
£
1,053,508
29,562
(6,781)
1,076,289
233,583
14,716
(6,781)
241,518
834,771
819,925

14. Fixed asset investments

Charity
Cost or valuation
At 1 September 2022
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022		 Investments
in subsidiary
companies
£
2
2
2
2

Page 30

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

Principal subsidiaries

The following was a subsidiary undertaking of the Charity:

Name
Company
number
Class of
shares
Peaktarn
02708821
Ordinary
The financial results of the subsidiary for the year were:
Name
Expenditure
£
Profit/(Loss)/
Surplus/
(Deficit) for
the year
£
Peaktarn
(2,140)
(2,140)
15.
Stocks
Group
Group
Charity
2023
2022
2023
£
£
£
Raw materials and consumables
4,058
2,990
4,058
16.
Debtors
Group
Group
Charity
2023
2022
2023
£
£
£
Due within one year
Trade debtors
20,322
26,726
20,322
Amounts owed by group undertakings
-
-
1,087,640
Other debtors
6,984
3,921
6,984
Prepayments and accrued income
29,422
31,420
29,422
Tax recoverable
260
-
-
56,988
62,067
1,144,368		 Holding
100%
Net assets
£
(70,393)
Charity
2022
£
2,990
Charity
2022
£
26,726
1,086,440
3,921
31,420
-
1,148,507

Page 31

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

17. Creditors: Amounts falling due within one year

Bank loans
Trade creditors
Other taxation and social security
Obligations under finance lease and hire
purchase contracts
Other creditors
Accruals and deferred income		 Group
2023
£
31,159
25,706
12,930
-
21,095
128,453
219,343		 Group
2022
£
30,896
23,141
11,812
473
15,326
110,492
192,140		 Charity
2023
£
31,159
25,706
12,930
-
19,695
128,453
217,943		 Charity
2022
£
30,896
23,141
11,812
473
14,026
110,492
190,840

Included within creditors are amounts of £31,159 (2022 - £30,896) in respect of bank loans which are secured by the charity.

The hire purchase creditor was secured over the asset to which it related.

18. Creditors: Amounts falling due after more than one year

Bank loans
Other creditors		 Group
2023
£
225,302
342,000
567,302		 Group
2022
£
256,301
345,000
601,301		 Charity
2023
£
225,302
342,000
567,302		 Charity
2022
£
256,301
345,000
601,301

Included within creditors falling due after more than one year are amounts of £221,508 (2022 - £256,301) in respect of bank loans which are secured by the group and charity.

Included within creditors falling due after more than one year are amounts of £342,000 (2022 - £345,000) in respect of concessionary loans.

Creditors: Amounts falling due after more than one year includes amounts not wholly repayable within 5 years totalling £50,008 (2022 - £60,680), which compromises amounts repayable by instalments of £50,008 (2022 - 60,680).

Page 32

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

19. Accruals and deferred income

Deferred income at 1 September 2022
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 August 2023		 Group
2023
£
80,293
100,506
(80,293)
100,506		 Group
2022
£
60,599
80,293
(60,599)
80,293		 Charity
2023
£
80,293
100,506
(80,293)
100,506		 Charity
2022
£
60,599
80,293
(60,599)
80,293

In July 2023, invoices totalling £100,506 (2022 - £80,293) were raised which related to the autumn school term which started on 05 September 2024 and therefore this income has been deferred into the 2023/34 financial statements.

20. Contingent liabilities

An agreement is in place between the charity and the previous owner of the school that a maximum amount of £25,000 will be paid each financial year, subject to certain events, ceasing 2031/32 at the latest. There is no provision included in the accounts for this amount as the settlement amount cannot be measured reliably.

Page 33

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

21. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Retained in subsidiary
Restricted funds
Early Years
Outdoor Classroom fund
PTA fund
Playground fund
Legal fees fund
Total of funds		 Balance at 1
September
2022
£
1,216,287
(68,253)
1,148,034
31,635
1,836
-
-
-
33,471
1,181,505		 Income
£
1,206,467
-
1,206,467
-
-
124
23,221
3,000
26,345
1,232,812		 Expenditure
£
(1,222,353)
(2,140)
(1,224,493)
-
(918)
(124)
-
(3,000)
(4,042)
(1,228,535)		 Balance at
31 August
2023
£
1,200,401
(70,393)
1,130,008
31,635
918
-
23,221
-
55,774
1,185,782

Page 34

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

21. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Retained in subsidiary
Restricted funds
Early Years
Outdoor Classroom fund
PTA fund
Total of funds		 Balance at
1 September
2021
£
1,210,391
(64,894)
1,145,497
31,635
2,754
-
34,389
1,179,886		 Income
£
1,030,633
-
1,030,633
-
-
3,768
3,768
1,034,401		 Expenditure
£
(1,024,737)
(3,359)
(1,028,096)
-
(918)
(3,768)
(4,686)
(1,032,782)		 Balance at
31 August
2022
£
1,216,287
(68,253)
1,148,034
31,635
1,836
-
33,471
1,181,505

The Early Years Fund represents the grant received from Bradford Metropolitan Council for the sole purpose of developing the outdoor play area and outdoor classroom.

The Outdoor Classroom Fund represents the amounts received from the Parent Teachers Association for the sole purpose of creating a canopy over the outdoor classroom. The expenditure represents the depreciation charged in the year in respect of this asset.

The PTA Fund represents the amounts received from the Parent Teachers Association for items agreed with the school. The expenditure in the prior year represents the amount paid for improvements and specialist cleaning of the outdoor play areas and garden in the year. The expenditure in the current year represents amounts paid for agreed teaching supplies.

The Playground Fund represents the amounts received from the Parent Teachers Association and individual parents for the sole purpose of upgrading the existing playground.

The Legal Fund represents the amounts received from a company controlled by a trustee in respect of an employment issue. The expenditure represents the associated legal costs.

Page 35

WESTVILLE HOUSE SCHOOL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

22. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
Restricted
funds
2023
£
£
Tangible fixed assets
1,797,249
55,774
Current assets
119,404
-
Creditors due within one year
(219,343)
-
Creditors due in more than one year
(567,302)
-
Total
1,130,008
55,774
Analysis of net assets between funds - prior year
Unrestricted
funds
2022
Restricted
funds
2022
£
£
Tangible fixed assets
1,805,239
33,471
Current assets
136,236
-
Creditors due within one year
(192,140)
-
Creditors due in more than one year
(601,301)
-
Total
1,148,034
33,471
23.
Reconciliation of net movement in funds to net cash flow from operating activities
Group
2023
£
Net income for the year (as per Statement of Financial Activities)
4,277
Adjustments for:
Depreciation charges
15,249
Interest payable and similar
16,555
Increase in stocks
(1,068)
Decrease/(increase) in debtors
5,079
Increase in creditors
24,413
Net cash provided by operating activities
64,505		 Total
funds
2023
£
1,853,023
119,404
(219,343)
(567,302)
1,185,782
Total
funds
2022
£
1,838,710
136,236
(192,140)
(601,301)
1,181,505
Group
2022
£
1,619
15,930
15,342
(1,090)
(16,820)
7,748
22,729

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WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

24. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 Group
2023
£
58,358
58,358		 Group
2022
£
71,179
71,179

25. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
Finance leases		 At 1
September
2022
£
71,179
(30,896)
(256,301)
(473)
(216,491)		 Cash flows
£
(12,821)
(263)
30,999
473
18,388		 At 31 August
2023
£
58,358
(31,159)
(225,302)
-
(198,103)

Page 37

WESTVILLE HOUSE SCHOOL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

26. Pension commitments

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £63,748 (2022 - £64,777).

The expense has been allocated to Primary School and nursery unrestricted funds in line with the staff cost allocation.

27. Related party transactions

£3,000 (2022 - £34,000) of donations were received from trustees and companies under the control of trustees.

There were no further related party transactions in the reporting period that require disclosure.

Page 38