Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
**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 2024**
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **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 - 37|
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **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 2024**
|**Trustees**|William Eddison (Resigned 7 February 2024)|
|---|---|
||Adam Holdsworth (Resigned 22 January 2024)|
||James Mundell (Resigned 25 January 2024)|
||Geoffrey Mountain|
||Karen Ellison (Resigned 7 February 2024)|
||Stewart McGuffie (Resigned 22 January 2024)|
||Caroline Hurwood (Resigned 31 January 2024)|
||Daniel Rathbone|
||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
**Independent auditors**
AAB Audit & Accountancy Limited
Statutory Auditor
Gresham House
5-7 St Pauls Street
Leeds
LS1 2JG
**Key Management**
**Personnel**
Susan Walker (Resigned 31/08/2024)
Fran Colman
Sally Roulston (Resigned 31/08/2024)
Helen Brooks (Appointed 03/07/2024)||
Page 1
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2024**
The Trustees present their annual report together with the audited financial statements of the Westville House School for the 1 September 2023 to 31 August 2024. 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 objectives 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:
- Good financial discipline in the operating costs of the charity;
- That all children attending the school achieve their primary targeted Senior school; and
- 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
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024**
## **Achievements and performance**
## **a. Main achievements of the Charity**
The charity currently carries out many activities that are for public benefit:
## _Charity fundraising_
The pupils hold many charity fundraising events that benefit a variety of national and local charities. This encourages pupils to support those less fortunate than themselves. During 2023/24 the school made the following charitable donations from funds raised: Sue Ryder: £1,108 Shelter: £994 Comic Relief: £181 Children in Need: £100
## _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 50 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
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024**
## **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:
• Leadership and management, and governance
- Quality of education, training and recreation are met
- Pupils' physical and mental health and emotional wellbeing are met
- Pupils' social and economic education and contribution to society are met
• Safeguarding
Recommended next steps agreed with inspectors are:
• Ensure that all teaching has consistently high expectations so that lessons provide sufficient challenge, and feedback is detailed and clearly supports pupils to make progress.
• Ensure the recently introduced behaviour monitoring systems are fully embedded so that leaders can track issues and identify themes effectively across the school.
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.”
## **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.
## **f. Music and Drama**
The pupils enjoy very good musical education; the school choir has 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. 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.
## **g. Art**
Through a spiral curriculum the children are provided with opportunities to develop the skills and enjoyment to flourish in both art and design. Art plays an important part in the curriculum and children of all ages are exposed to a wide variety of media. The standard of art throughout the school was highly commended in our last inspection.
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Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024**
## **Achievements and performance (continued)**
## **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. 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 Group 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 Group ended the year with an excess of expenditure over income of £184,301 which resulted in decreasing its total funds to £1,001,481.
At the year end there was £54,856 (2023: £55,774) in restricted funds.
Unrestricted reserves at 31 August 2024 were £947k. 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 other charity.
The remuneration policy for senior staff is at the sole discretion of the trustees.
## **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:
- An annual review of the risk management matrix;
- The establishment of systems and procedures to mitigate those risks identified in the plan;
- The implementation of procedures designed to minimise any potential impact on the charity should they materialise.
Page 5
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024**
## **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 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: Nikki Hammond (previously Rosey James)
## **Structure, governance and management**
## **a. Constitution**
Westville House School is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. 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 2024 was 5.
## **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 trustee 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.
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Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024**
## **Structure, governance and management (continued)**
## **e. Related party relationships**
During the year, £36,974 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 0DQ. The company was created for the acquisition, development and management of the property and is controlled by the charity.
## **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 year. 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
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:
- so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information.
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Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024**
## **Auditors**
The auditors, AAB Audit & Accountancy Limited, 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: 21 May 2025
Page 8
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **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 2024 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:
- give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 August 2024 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **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:
- the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or
- the parent charitable company has not kept sufficient accounting records; or
- the parent charitable company financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **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.
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Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **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 obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements.
The laws and regulations we considered in this context were the Companies Act 2006, UK Taxation legislation and Charities SORP (2019).
We identified the greatest risk of material impact on the financial statements from irregularities including fraud to be:
- Management override of controls
- Timing of revenue recognition
- Management judgement applied in calculating provisions
- Compliance with relevant laws and regulations which directly impact the financial statements and those that the company needs to comply with for the purpose of trading
Our audit procedures to respond to these risks included:
- Testing of journal entries and other adjustments for appropriateness
- Reviewing judgements made by management in their calculation of accounting estimates for potential management bias
- Enquiries of management about litigation and claims and inspection of relevant correspondence
- Analytical procedures to identify any unusual or unexpected trends or relationship
- Reviewing minutes of meetings to identify any matters indicating actual or potential fraud
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.
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Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WESTVILLE HOUSE SCHOOL (CONTINUED)**
## **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.
## **AAB Audit & Accountancy Limited**
Statutory Auditor Gresham House 5-7 St Pauls Street Leeds LS1 2JG
21 May 2025
AAB Audit & Accountancy Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
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Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024**
|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 (expenditure)/income**
Transfers between funds
21
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|Unrestricted
funds
2024
£
69
1,221,770
11,106
1,232,945
4,324
1,448,978
1,453,302
(220,357)
36,974
(183,383)
1,130,008
(183,383)
946,625|Restricted
funds
2024
£
36,974
-
-
36,974
-
918
918
36,056
(36,974)
(918)
55,774
(918)
54,856|Total
funds
2024
£
37,043
1,221,770
11,106
1,269,919
4,324
1,449,896
1,454,220
(184,301)
-
(184,301)
1,185,782
(184,301)
1,001,481|Total
funds
2023
£
28,537
1,193,278
10,997|
|---|---|---|---|---|
|||||1,232,812|
|||||3,858
1,224,677|
|||||1,228,535|
|||||4,277
-|
|||||4,277|
|||||1,181,505
4,277|
|||||1,185,782|
Page 13
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL (A company limited by guarantee) REGISTERED NUMBER: 04030247**
## **CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2024**
|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
**Total net assets**
**Charity funds**
Restricted funds
21
Unrestricted funds
21
**Total funds**|4,104
102,145
707
106,956
(304,104)|2024
£
1,857,002
1,857,002
(197,148)
1,659,854
(658,373)
1,001,481
54,856
946,625
1,001,481|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
55,774
1,130,008
1,185,782|
|---|---|---|---|---|
Page 14
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL (A company limited by guarantee) REGISTERED NUMBER: 04030247**
## **CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2024**
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:
................................................
**Jeremy Harrison** (Trustee) Date: 21 May 2025
The notes on pages 19 to 37 form part of these financial statements.
Page 15
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL (A company limited by guarantee) REGISTERED NUMBER: 04030247**
## **CHARITY BALANCE SHEET AS AT 31 AUGUST 2024**
|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
**Total net assets**
**Charity funds**
Restricted funds
21
Unrestricted funds
21
**Total funds**|4,104
1,191,985
138
1,196,227
(302,279)|2024
£
838,750
2
838,752
893,948
1,732,700
(658,373)
1,074,327
54,856
1,019,471
1,074,327|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
55,774
1,200,401
1,256,175|
|---|---|---|---|---|
Page 16
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL (A company limited by guarantee) REGISTERED NUMBER: 04030247**
## **CHARITY BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2024**
The Charity's net movement in funds for the year was £(181,848) (2023 - £6,417).
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:
## **Jeremy Harrison**
(Trustee) Date: 21 May 2025
The notes on pages 19 to 37 form part of these financial statements.
Page 17
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024**
|Note
**Cash flows from operating activities**
Net cash used in operating activities
23
**Cash flows from investing activities**
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Cash flows from financing activities**
Cash inflows from new borrowing
Repayments of borrowing
Repayments of finance leases
Interest paid
**Net cash provided by/(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**
24
The notes on pages 19 to 37 form part of these financial statements|2024
£
(110,459)
(27,419)
(27,419)
122,000
(30,856)
-
(17,483)
73,661
(64,217)
58,358
(5,859)|2023
£
64,505
(29,562)
(29,562)
-
(30,736)
(473)
(16,555)
(47,764)
(12,821)
71,179
58,358|
|---|---|---|
Page 18
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **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
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **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
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **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.
## **2.13 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.
Page 21
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **2. Accounting policies (continued)**
## **2.14 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.
## **2.15 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
Total 2023|Unrestricted
funds
2024
£
69
2,192|Restricted
funds
2024
£
36,974
26,345|Total
funds
2024
£
37,043
28,537|Total
funds
2023
£
28,537|
|---|---|---|---|---|
||||||
## **4. Income from charitable activities**
|School Fees
Total 2023|Unrestricted
funds
2024
£
1,221,770
1,193,278|Total
funds
2024
£
1,221,770
1,193,278|Total
funds
2023
£
1,193,278|
|---|---|---|---|
|||||
Page 22
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **5. Other trading activities**
|Hall bookings and room hire
Total 2023|Unrestricted
funds
2024
£
11,106
10,997|Total
funds
2024
£
11,106
10,997|Total
funds
2023
£
10,997|
|---|---|---|---|
|||||
## **6. Expenditure on raising funds**
## **Costs of raising voluntary income**
|Costs of raising voluntary income
Total 2023|Unrestricted
funds
2024
£
4,324
3,858|Total
funds
2024
£
4,324
3,858|Total
funds
2023
£
3,858|
|---|---|---|---|
|||||
Page 23
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **7. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Primary school and nursery
Support costs
Total 2023|Unrestricted
funds
2024
£
1,264,151
184,827
1,448,978
1,220,635|Restricted
funds
2024
£
918
-
918
4,042|Total
2024
£
1,265,069
184,827
1,449,896
1,224,677|Total
2023
£
1,094,629
130,048|
|---|---|---|---|---|
|||||1,224,677|
||||||
## **8. Analysis of expenditure by activities**
|Direct costs - Primary school and nursery
Support costs
Total 2023|Activities
undertaken
directly
2024
£
1,265,069
-
1,265,069
1,094,629|Support
costs
2024
£
-
184,827
184,827
130,048|Total
funds
2024
£
1,265,069
184,827
1,449,896
1,224,677|Total
funds
2023
£
1,094,629
130,048|
|---|---|---|---|---|
|||||1,224,677|
||||||
Page 24
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **8. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Support
Costs
2024
£
Property Costs
100,166
Equipment Lease
10,521
Governance
32,178
Interest
17,483
Depreciation
22,521
Other
1,958
184,827
Total 2023
130,048
**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|Total
funds
2024
£
100,166
10,521
32,178
17,483
22,521
1,958
184,827
130,048
2024
£
10,020
2,765|Total
funds
2023
£
52,565
10,206
35,100
16,485
13,798
1,894|
|---|---|---|
|||130,048|
|||2023
£
9,600
4,450|
## **10. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes|Group
2024
£
875,550
70,263
50,377
996,190|Group
2023
£
714,116
59,772
63,748
837,636|Charity
2024
£
875,550
70,263
50,377
996,190|Charity
2023
£
714,116
59,772
63,748|
|---|---|---|---|---|
|||||837,636|
Wages and salaries in 2024 included contractual redundancy and termination payments of £41,447.
Page 25
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **10. Staff costs (continued)**
The average number of persons employed by the Charity during the year was as follows:
||Group|Group|
|---|---|---|
||2024|2023|
||No.|No.|
|Administrative and teaching staff|37|34|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|||Group|Group|
|---|---|---|---|
|||2024|2023|
|||No.|No.|
|In the band £60,001|- £70,000|-|1|
|In the band £70,001|- £80,000|1|-|
The employee benefits for the key management personnel, listed within the trustees report, was £167,499 (2023 - £144,445).
## **11. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 August 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 26
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
**WESTVILLE HOUSE SCHOOL (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
|**12.**
**Intangible assets**
**Group**
**Cost**
At 1 September 2023
At 31 August 2024
**Amortisation**
At 1 September 2023
At 31 August 2024
**Net book value**
At 31 August 2024
At 31 August 2023
**Charity**
**Cost**
At 1 September 2023
At 31 August 2024
**Amortisation**
At 1 September 2023
At 31 August 2024
**Net book value**
At 31 August 2024
At 31 August 2023|Goodwill
£
14,000|
|---|---|
||14,000|
||14,000|
||14,000|
||-|
||-|
||Goodwill
£
14,000|
||14,000|
||14,000|
||14,000|
||-|
||-|
Page 27
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **13. Tangible fixed assets**
## **Group**
|**Cost or valuation**
At 1 September
2023
Additions
Disposals
At 31 August 2024
**Depreciation**
At 1 September
2023
Charge for the
year
On disposals
At 31 August 2024
**Net book value**
At 31 August 2024
At 31 August 2023|Land and
buildings
£
1,835,379
-
-
1,835,379
-
-
-
-
1,835,379
1,835,379|Plant and
machinery
£
28,393
-
-
28,393
28,393
-
-
28,393
-
-|Motor
vehicles
Fixtures
and fittings
£
£
13,523
247,000
-
27,419
-
(9,155)
13,523
265,264
12,959
231,472
564
22,876
-
(9,155)
13,523
245,193
-
20,071
564
15,528|Office
equipment
£
60,629
-
-
60,629
60,629
-
-
60,629
-
-|Reference
library
£
1,552
-
-
1,552
-
-
-
-
1,552
1,552|Total
£
2,186,476
27,419
(9,155)
2,204,740
333,453
23,440
(9,155)
347,738
1,857,002
1,853,023|
|---|---|---|---|---|---|---|
Page 28
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **13. Tangible fixed assets (continued)**
## **Group (continued)**
## **Charity**
|**Cost or valuation**
At 1 September 2023
Additions
Disposals
At 31 August 2024
**Depreciation**
At 1 September 2023
Charge for the year
On disposals
At 31 August 2024
**Net book value**
At 31 August 2024
At 31 August 2023|Freehold
property
£
817,127
-
-
817,127
-
-
-
-
817,127
817,127|Motor
vehicles
£
13,523
-
-
13,523
12,959
564
-
13,523
-
564|Fixtures and
fittings
£
244,087
27,419
(9,155)
262,351
228,559
22,876
(9,155)
242,280
20,071
15,528|Other fixed
assets
£
1,552
-
-
1,552
-
-
-
-
1,552
1,552|Total
£
1,076,289
27,419
(9,155)
1,094,553
241,518
23,440
(9,155)
255,803
838,750
834,771|
|---|---|---|---|---|---|
Page 29
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
**WESTVILLE HOUSE SCHOOL (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **14. Fixed asset investments**
|**Charity**
**Cost or valuation**
At 1 September 2023
At 31 August 2024
**Net book value**
At 31 August 2024
At 31 August 2023|Investments
in subsidiary
companies
£
2|
|---|---|
||2|
||2|
||2|
## **Principal subsidiaries**
The following was a subsidiary undertaking of the Charity:
|**Name**|**Company**|**Company**|**Class of**|**Holding**|
|---|---|---|---|---|
||**number**||**shares**||
|Peaktarn|02708821||Ordinary|100%|
|The financial results of the subsidiary for the year were:|||||
|**Name**|Expenditure|Profit/(Loss)/||Net assets|
||£||Surplus/|£|
||||(Deficit) for||
||||the year||
||||£||
|Peaktarn|(2,453)||(2,453)|(72,846)|
Page 30
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **15. Stocks**
|Raw materials and consumables
**16.**
**Debtors**
**Due within one year**
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
Tax recoverable|Group
2024
£
4,104
Group
2024
£
38,604
-
14,817
48,724
-
102,145|Group
2023
£
4,058
Group
2023
£
20,322
-
6,984
29,422
260
56,988|Charity
2024
£
4,104
Charity
2024
£
38,604
1,089,840
14,817
48,724
-
1,191,985|Charity
2023
£
4,058|
|---|---|---|---|---|
|||||Charity
2023
£
20,322
1,087,640
6,984
29,422
-|
||||||
|||||1,144,368|
## **17. Creditors: Amounts falling due within one year**
|Bank overdrafts
Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|Group
2024
£
6,566
31,232
48,475
25,350
27,656
164,825
304,104|Group
2023
£
-
31,159
25,706
12,930
21,095
128,453
219,343|Charity
2024
£
6,566
31,232
48,475
25,350
25,831
164,825
302,279|Charity
2023
£
-
31,159
25,706
12,930
19,695
128,453|
|---|---|---|---|---|
||||||
|||||217,943|
Included within creditors are amounts of £31,232 (2023 - £31,159) in respect of bank loans which are secured by the charity.
Page 31
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **18. Creditors: Amounts falling due after more than one year**
|Bank loans
Other creditors|Group
2024
£
194,373
464,000
658,373|Group
2023
£
225,302
342,000
567,302|Charity
2024
£
194,373
464,000
658,373|Charity
2023
£
225,302
342,000|
|---|---|---|---|---|
||||||
|||||567,302|
Included within creditors falling due after more than one year are amounts of £194,373 (2023 - £225,302) 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 £464,000 (2023 - £342,000) in respect of concessionary loans.
Creditors: Amounts falling due after more than one year includes amounts not wholly repayable within 5 years totalling £37,883 (2023 - £50,008), which compromises amounts repayable by instalments of £37,883 (2023 - £50,008).
## **19. Accruals and deferred income**
|Deferred income at 1 September 2023
Resources deferred during the year
Amounts released from previous periods
**Deferred income at 31 August 2024**|Group
2024
£
100,506
126,251
(100,506)
126,251|Group
2023
£
80,293
100,506
(80,293)
100,506|Charity
2024
£
100,506
126,251
(100,506)
126,251|Charity
2023
£
80,293
100,506
(80,293)|
|---|---|---|---|---|
||||||
|||||100,506|
In July 2024, invoices totalling £126,251 (2023 - £100,506) were raised which related to the autumn school term which started on 3 September 2024 and therefore this income has been deferred into the 2024/25 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 32
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **21. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
Retained in subsidiary
**Restricted funds**
Early Years
Outdoor Classroom fund
Playground fund
IT fund
School Maintenance fund
**Total of funds**|Balance at 1
September
2023
£
1,200,401
(70,393)
1,130,008
31,635
918
23,221
-
-
55,774
1,185,782|Income
£
1,232,945
-
1,232,945
-
-
-
27,000
9,974
36,974
1,269,919|Expenditure
£
(1,450,849)
(2,453)
(1,453,302)
-
(918)
-
-
-
(918)
(1,454,220)|Transfers
in/out
£
36,974
-
36,974
-
-
-
(27,000)
(9,974)
(36,974)
-|Balance at
31 August
2024
£
1,019,471
(72,846)
946,625
31,635
-
23,221
-
-
54,856
1,001,481|
|---|---|---|---|---|---|
Page 33
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **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
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|
|---|---|---|---|---|
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 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 in the prior year represented amounts received from a company controlled by a trustee in respect of an employment issue. The expenditure represents the associated legal costs.
The IT Fund and School Maintenance Fund represents amounts received from a trustee and a company controlled by a trustee in respect of fixed asset additions, as no further restrictions to the associated assets, this balance has been transferred to unrestricted funds.
Page 34
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **22. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**
**Analysis of net assets between funds - prior period**
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|Unrestricted
funds
2024
£
1,802,146
106,956
(304,104)
(658,373)
946,625
Unrestricted
funds
2023
£
1,797,249
119,404
(219,343)
(567,302)
1,130,008|Restricted
funds
2024
£
54,856
-
-
-
54,856
Restricted
funds
2023
£
55,774
-
-
-
55,774|Total
funds
2024
£
1,857,002
106,956
(304,104)
(658,373)
1,001,481
Total
funds
2023
£
1,853,023
119,404
(219,343)
(567,302)
1,185,782|
|---|---|---|---|
Page 35
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
## **WESTVILLE HOUSE SCHOOL (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **23. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income/expenditure for the period (as per Statement
Activities)
**Adjustments for:**
Depreciation charges
Interest payable and similar
Increase in stocks
Decrease/(increase) in debtors
Increase in creditors
**Net cash provided by/(used in) operating activities**
**24.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**
**25.**
**Analysis of changes in net debt**
Cash at bank and in hand
Bank overdrafts repayable on demand
Debt due within 1 year
Debt due after 1 year|of Financial
At 1
September
2023
£
58,358
-
(31,159)
(225,302)
(198,103)|Group
2024
£
(184,301)
23,440
17,483
(46)
(45,157)
78,122
(110,459)
Group
2024
£
(5,859)
(5,859)
Cash flows
£
(57,651)
(6,566)
(73)
30,929
(33,361)|Group
2023
£
4,277
15,249
16,555
(1,068)
5,079
24,413
64,505
Group
2023
£
58,358
58,358
At 31 August
2024
£
707
(6,566)
(31,232)
(194,373)
(231,464)|
|---|---|---|---|
Page 36
Docusign Envelope ID: D0CD66F0-534F-446F-87E6-3F471A889AD1
**WESTVILLE HOUSE SCHOOL (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **26. Pension commitments**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £50,377 (2023 - £63,748).
The expense has been allocated to Primary School and nursery unrestricted funds in line with the staff cost allocation.
## **27. Related party transactions**
£36,974 (2023 - £3,000) of restricted donations were received from trustees and companies under the control of trustees.
Mrs L Cavell, spouse of Mr S Cavell, a trustee, is employed by the charity as a teacher. Mrs L Cavell’s appointment was made prior to Mr S Cavell's appointment as a trustee and therefore was made in open competition and Mr S Cavell was not involved in the decision-making process regarding appointment. Mrs L Cavell is paid within the normal pay scale for her role and receives no special treatment as a result of her relationship to a trustee.
Page 37