2023-08-31-accounts - Parayhouse School

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

----- Start of picture text -----
Chartered Certified Accountants
alpha | Chartered Registered Registered Certified Auditors Auditors Accountants and and Tax Tax Advisors Advisors
----- End of picture text -----

PARO14/JAM/ PAR014/JAM/ CH CH 05/04/2024 05/04/2024

Companies Companies House House Crown Crown Way Way Cardiff Cardiff CF14 CF14[31-JZ] 3UZ DX DX 33050 33050 Cardiff Cardiff

Dear Dear Sir/ Sir/ Madam, Madam,

Parayhouse Parayhouse School School — - 04270330 04270330

Please Please find find enclosed enclosed Annual Annual Report Report and and Financial Financial Statement Statement for for the the above-mentioned above-mentioned client client

for for the the year year ended ended 31st[31st] August August 2023. 2023.

Please Please acknowledge acknowledge safe safe receipt. receipt.

Yours Yours faithfully, faithfully,

H H Hambi Hambi FCCA FCCA

585a 585a Fulham Fulham Road, Road, London London SW6 SW6 5UA[51JA] Tel: Tel: +44 +44 (0)20[(0)20] 7386 7386 0494 0494 Fax: Fax: +44 +44 (0)20 (0)20 7386 7386 0499 0499 ACCA Email: Email: info@alpha-accountants.com info@alpha-accountants.com Web: Web: www.alpha-accountants.com www.alpha-accountants.com

Alpha Alpha Accountants Accountants (London) (London)[Limited.] Limited. Registered in Registered in England. England. No. No. 05515116 05515116

Registered Registered as as auditors auditors in in the the United United Kingdom Kingdom by by the the Association Association of of Chartered Chartered Certified Certified Accountants. Accountants.

Company Company registered registered number: number: 04270330 04270330 Charity Charity registered[registered] number:[number:] 1090757 1090757

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

(A (A company company limited limited by by guarantee) guarantee) Annual Annual Report Report and and Financial Financial Statements Statements For For the the year year ended ended 31 31 August August 2023 2023

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

REPORT REPORT AND AND FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

CONTENTS CONTENTS	Page Page
Legal and AdministrativeDetails Legal and Administrative Details	1 1
Introductory overview Introductory overview	2 2
Chair ofTrustee Governors' Statement Chair of Trustee Governors’ Statement	3 3
Message from the Co-Headteachers Message from the Co-Headteachers	4 A
Trustee Governors' Report Trustee Governors’ Report	6 6
Statement of Trustee Governors Responsibilities Statement of Trustee Governors Responsibilities	17 17
Independent Auditor's Report Independent Auditor's Report	18 18
Statement ofFinancial Activities Statement of Financial Activities	22 22
Balance Sheet Balance Sheet	23 23
Cash Flow Statement Cash Flow Statement	24 24
Notes to the Financial Statements NotestotheFinancialStatements	25 25

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

LEGAL LEGAL AND AND ADMINISTRATIVE ADMINISTRATIVE INFORMATION INFORMATION FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2023 2023

Chair of Trustee Governors Chair of Trustee Governors		Ms D Schwartz Ms D Schwartz
Vice Chair of Trustee Governors Vice Chair of Trustee Governors		Ms H Elansari Ms H Elansari
Board of Trustee Governors: A Board ofTrustee Governors:A	full list is provided on page 14 of this report full list is provided on page 14ofthis report
Co-Headteachers Co-Headteachers		Ms H Bristow Ms V Carnevale MsH Bristow Ms V Carnevale
Charity number Charity number		1090757 1090757
Company number Company number		04270330 04270330
Registered office Registered office		Hammersmith & Fulham College Hammersmith & Fulham College
		Gliddon Road Gliddon Road
		London W14 9BL London W14 9BL
Auditor Auditor		Alpha Accountants (London) Limited Alpha Accountants (London) Limited
		585a Fulham Road 585a Fulham Road
		Fulham Fulham
		London London
		SW6 51JA SW6 5UA
Bankers Bankers		HSBC Bank I-JK plc HSBC Bank UK plc
		315 Fulham Road 315 Fulham Road
		Chelsea Chelsea
		London SEIO 9QJ London SE10 9QJ
Solicitors Solicitors		VealeWasbrough Vizards Veale Wasbrough Vizards
		86 Fetter Lane 86 Fetter Lane
		London EC4A IAD LondonEC4A1AD

]

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

INTRODUCTORY INTRODUCTORY OVERVIEW OVERVIEW

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

Parayhouse Parayhouse School School[is] is a a non-maintained non-maintained special special school[school] for for students[students] with with significant significant speech, speech, language language and and communication communication needs, needs, moderate/severe moderate/severe learning learning difficulties difficulties and and associated[associated] social, social, emotional, emotional, behavioural behavioural and and medical[medical] difficulties. difficulties. The The school[school] caters caters for for students[students] from from 7-16 7-16 years years of[of] age. age.

Parayhouse Parayhouse School School is[is] committed committed to[to] ensuring[ensuring] that[that] each each and and every every student student reaches reaches his[his] or or her[her] full[full] potential. potential. The The school school delivers delivers its[its] mission mission in[in] three three essential essential ways: ways:

(1) (1) It It provides provides a a safe safe and and nurturing nurturing environment environment where where students students feel feel secure secure and and are are confident confident and and eager eager to to learn; learn;
(2) (2) It It creates creates a a highly highly specialised specialised and and individualised individualised curriculum, curriculum, with with speech speech and and language language at at its its heart, heart, empowering empowering students students[to] to learn; learn; and and
(3) (3) It It establishes establishes close close working working relationships relationships between between parents, parents, carers, carers, students students and and staff staff to to support support learning learning and and behaviour behaviour at at home home as as well[well] as as at at school. school.

The The school school is[is] governed governed by by a a registered registered charity, charity, which which takes takes the the school’s school's name, name, and and is[is] run run by by a a Board Board of[of] Trustee Trustee Governors. Governors. Senior Senior leadership[leadership] of[of] the[the] school[school] and[and] its[its] staff[staff] are are ultimately[ultimately] accountable accountable to[to] this[this] Board Board

and and work work closely closely together together to to actively actively manage manage the the risks risks the the school school faces faces and and help help to to deliver deliver the the cocoHeadteachers’ Headteachers' vision vision and[and] development development of[of][the] the school.[school.]

2 2

----- Start of picture text -----
PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL
CHAIR CHAIR OF OF TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' STATEMENT STATEMENT
FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2023 2023
eeemeenEE
"We place the education and prospects of
Wy i SE |) our "We [students] place the [front] education and centre and [in] prospects all that we of
nut! ” vs our do, students and we front are [fully] and centre committed in all to that their we
att? 7 S~ésdoo,s and ee ree fully committed to their
wellbeing and that of every member [of] staff.
a —~—~~C~C~™SWaee iIbeinng aarndd that of every membberr of staff.
Having emerged from the COVID-19
a re iA ie: cf ii | Having pandemic, emerged and [with] new from challenges, the COVID-19 such as
rt ti > cow Halt ! pandemic, and with new challenges, such as
the cost-of-living crisis, lying ahead, we are
Ww i & wef E ))))__ the proud cost-of-living that we remain crisis, lying well ahead, equipped we are to
AN ea: "| ~=proud that we remain well equipped to
provide a safe and [nurturing] environment for
Ai oe ¥ our provide students a safe and and nurturing [to] guide environment them towards for a
at : e our students and to guide them towards a
oo 3: fulfilling fulfilling future.” future."
: ae |
Be = =§=6Daniela Daniela Schwartz Schwartz
----- End of picture text -----*

Looking Looking back back to to the the last last twelve twelve months months we we are are very very pleased pleased with with the the following following milestones milestones we we have have achieved: achieved: We We have have completed completed — — as as also[also] outlined[outlined] in in our our co-Headteachers’ co-Headteachers' statement statement - the the school’s school's leadership leadership structure, structure, introducing introducing a a Middle Middle Management Management Team Team and and an an Assistant Assistant Headteacher Headteacher role. role. The The new new roles roles help help to to consistently consistently monitor monitor our our practice practice in in and and out out of of the the classroom classroom and and free free up up capacity capacity of of our our co-Headteachers co-Headteachers for for strategic[strategic] activities. activities.

As As part[part] of[of] our our determination determination to to maintain maintain our our level level of[of] excellence excellence in[in] offering offering tailored tailored teaching teaching to to our our students, students, we we are are[delighted] delighted with[with][the] the progress progress and and success success of[of] specific specific[learning] learning programmes programmes such such as as the the ASDAN ASDAN programme, programme, SoSafe![SoSafe!] and[and] Real[Real] P.E, P.E,[which] which we we implemented[implemented] last last year. year. These These programmes programmes also also help help foster[foster]

an an ongoing[ongoing] dialogue[dialogue] with[with] our our parents, parents, enabling[enabling] them[them] to[to] copy copy the the teaching[teaching] at[at] home. home.

In In the the summer, summer, we we also also sat sat down down with with our our co-Headteachers co-Headteachers to to discuss discuss where where the the school school already already operates operates in in a a sustainable sustainable manner manner (based (based on on ESG ESG considerations) considerations) and and where where we we should should do do more. more. Our Our soon-to-besoon-to-beappointed appointed[sustainability] sustainability lead lead within within the the school school and and our our newly newly elected elected Sustainability Sustainability Trustee Trustee Governor Governor will will jointly jointly develop develop a a sustainability sustainability programme programme for for our our school, school, including including strategies strategies on on how how sustainability sustainability will will be be

incorporated incorporated in in lessons lessons and and through through other other activities, activities, how how we we can can reduce reduce the the school’s school's carbon carbon emissions, emissions,

and and how how we we can can report report in[in] detail detail on on each each angle[angle][of] of ESG ESG to[to] provide provide full full transparency transparency to[to] all[all] our our stakeholders. stakeholders.

Despite Despite the the dramatic dramatic price price inflation inflation we we have have all all faced faced over over the the past past year year — — and and continue continue to to face face - - we we are are

proud proud to[to] report report again again that that the the school school continues continues to to be be in in a a healthy healthy financial[financial] situation, situation, allowing allowing us us to to carry carry out out all all school school improvements improvements in in the the last last school school year year as as planned, planned, and and within within budget. budget. School School improvements improvements — —

apart apart from from further[further] investments investments in in ICT ICT - - have have included: included: installing installing a a new new fence fence and and gate gate along along the the main main playground; playground; upgrading upgrading the the kitchen kitchen area area in in the the Creative Creative Hub Hub to to be be used used for for students’ students' cooking cooking lessons; lessons; installing installing new new play play equipment equipment[in] in the the school school playground playground and and creating creating a a new new outdoor outdoor space space around around the the Creative Creative Hub. Hub. Addressing Addressing our midour[mid-][and] and long-term[long-term][development,] development, we we have have also also continued[continued] to[to] explore[explore] the the potential potential to[to] expand expand the the school, school, both both in[in] potentially[potentially] providing providing a a sixth sixth class class within within our our current current pre-16 pre-16 provision provision and and potentially[potentially] the the creation creation of[of] a a post-16 post-16 provision. provision. This This would would require require additional additional space space (both (both internally internally and and externally),[externally),] so so we we have have started started exploring exploring the the potential potential to to develop develop our our footprint[footprint] within within our our current current setting[setting] as as part part of of the the Hammersmith Hammersmith & & Fulham Fulham College College campus, campus, but but also also to to assess assess the the potential potential to to move move to to a a larger larger site site elsewhere. elsewhere.

3 3

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

CHAIR CHAIR OF OF[TRUSTEE] TRUSTEE GOVERNORS’ GOVERNORS' STATEMENT STATEMENT FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2023 2023

Looking Looking back back at at all all those those achievements achievements and, and, most most importantly, importantly, having having seen seen how how our our students students are are progressing progressing with with their their speech speech and and language, language, their their life life skills, skills, and and their their academic academic learning,[learning,] fills fills us us with with pride, pride,

and and quite quite simply simply with with joy. joy. On On behalf[behalf][ of] of all[all] Trustee Trustee Governors, Governors, | I would would like like to to express express yet yet again again our our heartfelt heartfelt

thanks thanks to to all[all] our our staff staff who who work work so so hard hard and and diligently, diligently, and and with with great great passion passion to[to] create create a a uniquely uniquely warm warm

and and inclusive[inclusive] environment environment where where our our students students feel feel safe, safe, supported supported and and valued, valued, and and are are confident confident and and eager eager

to to learn. learn. We We are are very very fortunate fortunate to to work work with with such such a a magnificent magnificent team team of of teachers, teachers, learning learning assistants, assistants,

therapists, senior and middle and administrative staff therapists, senior and middle managers, managers, and administrative staff

Daniela Daniela Schwartz Schwartz Chair Chair of[of] Trustee Trustee Governors Governors

4 4

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

MESSAGE MESSAGE FROM FROM THE THE CO-HEADTEACHERS CO-HEADTEACHERS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

----- Start of picture text -----
} :
----- End of picture text -----

Holly Holly Bristow Bristow

----- Start of picture text -----
p $ ei, r
Verity Verity Carnevale Carnevale
----- End of picture text -----

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

MESSAGE MESSAGE FROM FROM THE THE CO-HEADTEACHERS CO-HEADTEACHERS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

The The academic academic year year 2022-23 2022-23 was was a a productive productive and and positive[positive] one one for for our our school[school] community. community. Despite Despite[having] having a a key key member member of[of] staff staff away away on on maternity maternity leave leave we we are are pleased pleased with[with] the the continuity continuity and and sustained sustained commitment commitment we we have have seen seen our our staff staff maintain maintain in in terms terms of[of] curriculum curriculum development, development, collaborative collaborative practice practice and and professional professional development. development.

We We have[have] focused[focused] on on continuing[continuing] to[to] embed[embed] our our[Middle] Middle Management Management Team Team who[who] are are now now well-established,[well-established,]

respected respected and and have have made made a a positive[positive] impact impact on on the the division division of[of] workload workload and and ensuring ensuring the the wider wider staff staff body body are are actively[actively] involved[involved] in[in] all[all] areas areas of[of] school[ school] life.[life.][ Teachers] Teachers have[have] now[now] taken[taken] on[on] individual[individual] roles[roles] as[as][ subject] subject leads[leads]

ensuring ensuring a a breadth breadth of[of] knowledge knowledge and and increased increased focus focus on on curriculum curriculum areas. areas. We We are are excited excited to to be be working working with with them them more more closely closely next next year year to[to] enhance enhance their their mentoring mentoring skills skills and and confidence confidence in[in] managing managing their[their] teams. teams.

We We have have continued[continued] to[to] see see real[real] progress progress across across the[the] ASDAN ASDAN programme programme we we implemented[implemented] last[last] year year and[and] the[the] response response to[to] the[the] introduction[introduction] of[of] new new So[So] Safe![Safe!] and[and] Real[Real] P.E P.E schemes schemes has[has] been[been] encouraging.[encouraging.] We[We] look[look]

forward forward to to seeing seeing ongoing ongoing impact impact on on outcomes outcomes for for our our students students as as the the schemes schemes progress. progress.

Outside Outside of of the the classroom, classroom, students students have have been been able able to to take take their[their] learning learning out out into into the the community community more more

consistently consistently this this past past year. year. Going Going forward forward we we will will be be working working on on our our trips’ trips' strategy strategy in[in] line line with with the the School School Improvement Improvement Plan Plan to to ensure ensure that that we we use use these these valuable[valuable] opportunities opportunities to[to] support[support] learning learning and and to[to] expose expose the the students students to[to] a a variety variety of[of] people, people, places[places] and[and] experiences.[experiences.]

We We have have also also been been able able to to make make improvements improvements to[to] our our premises premises particularly particularly aimed aimed at at minimising minimising environmental environmental impact, impact, including including a a bike bike rack rack for for staff staff and and sensor sensor taps taps for for our our students. students. Sustainability Sustainability is[is] an an area area we we are are committed[committed] to[to] continue[continue] to[to] develop[develop] in[in] 2023-24[2023-24][ with] with the[the] appointment[appointment] of[of] a[a] sustainability sustainability lead[lead] within[within]

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

MESSAGE MESSAGE FROM FROM THE THE CO-HEADTEACHERS CO-HEADTEACHERS

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

the the school school staff staff and and a a dedicated dedicated Trustee Trustee Governor Governor who who will will work work to[to] develop develop an an action action plan plan and and ensure ensure sustainability sustainability is is embedded embedded in in all all our our school school practices. practices.

In In other other areas areas[of] of school school business, business, we we were were delighted delighted to[to] welcome welcome back back a a previous previous school school bursar bursar who who has has been been working working closely closely with with our our School School Business Business Manager Manager to[to] implement implement new new financial[financial] software software to to aid[aid] in in ensuring ensuring security security and and continuity continuity of[of] our our procedures. procedures.

We We also[also] said[said] goodbye goodbye to[to] a a long-standing[long-standing] member[member] of[of] our our school[school] community[community] in[in][ July] July when[when] our our Family[Family] Support[Support] Manager Manager retired. retired. Her Her role role has has been been filled filled by[by] an an[existing] existing member member of[of] staff staff who who has has an an excellent excellent rapport rapport with[with] parents parents and and works works closely closely with with[the] the co-Headteachers co-Headteachers and and Safeguarding Safeguarding Team Team to[to] ensure ensure we we are are offering offering wrap-around wrap-around support support to to our our families families and and students. students. Alongside Alongside this this we we have have also also been been pleased pleased with[with] our our continued continued programme programme of of parental parental outreach, outreach, including including how-to-videos, how-to-videos, parent parent workshops workshops and and coffee coffee mornings, mornings,[all] all intended intended[to] to bridge bridge the the gap gap in[in] our our widely widely distributed distributed parent parent community. community.

Going Going into into 2023-24 2023-24 we we will will be be focusing focusing heavily heavily on on furthering furthering our our development development of[of] the the tools[tools] we we used used to to

measure measure progress, progress, particularly[particularly] for[for] our our[most] most complex[complex] learners.[learners.] We We are are also[also] reviewing[reviewing] our our whole[whole] school[school] communication communication[strategies'] strategies’ toolkit toolkit[to] to ensure ensure that that we we maintain[maintain] our our level level of[of] excellence excellence in[in] this this unique unique area area of[of]

our our school[school][model.] model. We We will[will] also also be[be working] working closely closely with[with] our our Governing[Governing] Body[Body] to[to] review[review] opportunities[opportunities] for[for] future future

development development and and the the prospect prospect of[of] securing securing new new premises premises which which support support this. this.

Holly Holly Bristow Bristow & & Verity Verity Carnevale Carnevale Co-Headteachers Co-Headteachers

6 6

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2023 2023

Trustee Trustee Governors' Governors’ Report Report

The The Trustee Trustee Governors Governors (who (who are are also also directors directors of of the the charity charity for for the the purposes purposes of of the the Companies Companies Act Act 2006) 2006) present present their their report report and and accounts accounts for for the the year year ended ended 31[31] August August 2023. 2023.

The The accounts accounts have have been been prepared prepared in in accordance accordance with with the the accounting accounting policies policies set set out out in in note note 1 1 to to the the accounts accounts and and comply comply with with the the charity's charity's Memorandum Memorandum and and Articles Articles of[of] Association, Association, the the Companies Companies Act Act 2006 2006 and and["Accounting] “Accounting and and[Reporting] Reporting by by Charities: Charities: Statement Statement of[of] Recommended Recommended Practice Practice applicable applicable to to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial Financial Reporting Reporting Standard Standard applicable applicable in in the the UK UK and and Republic Republic of[of] Ireland Ireland (FRS (FRS 102)” 102)" (as (as amended amended for for accounting accounting periods periods commencing commencing from from 1 1 January January 2019). 2019).

Objectives Objectives and and activities activities

Charitable Charitable Objects Objects

The The object object for for which which the the charity[charity][is] is established established is is to to advance advance education education by by carrying carrying on on in[in] Great Great Britain Britain a a

school school or or schools schools for for the the public public benefit benefit at at which which infants, infants, children children and and students students may may obtain obtain education education and and

instruction instruction in in academic, academic, sporting, sporting, musical, musical, cultural, cultural, scientific, scientific, technical, technical, religious, religious, vocational, vocational, social social and and

commercial commercial subjects, subjects, activities activities and and crafts crafts of[of] every every description. description. The The charity charity provides provides a a specialist specialist education education

for for students students with with speech, speech, language language and and communication communication needs, needs, moderate moderate and and severe severe learning learning difficulties difficulties and and behavioural, behavioural, emotional[emotional] & & social social difficulties. difficulties.

Aims Aims[of] of the the charity charity

The The school's school's primary primary aim aim[is] is[to] to provide provide a a first-class first-class education education by by high high quality[quality] tuition tuition and and by by developing developing

sporting, sporting, artistic artistic and and social social/ life skills life skills in in all all its its students. students. The The school school intends intends to to provide provide an an environment environment where where each each student student can can develop develop and and fulfil fulfil his[his] or or her her potential, potential, to to help help build[build] self-confidence, self-confidence, independence independence and and

social social awareness. awareness.

The The school school focuses focuses its its work work on on preparing preparing students students with with special special needs needs for for the the challenges challenges they they will will meet meet when when leaving leaving school. school. The The school[school] recognises recognises that[that] it[it] is[is] the the development development of[of] social, social, language language and and thinking thinking skills[skills] that that enable enable students students to to express express themselves, themselves,[to] to understand understand and and to to function function optimally optimally in[in] the the world. world. We We also also believe believe in[in] the the power power of[of] collaborative collaborative practice.[practice.] Together, Together, we we face face challenges, challenges, celebrate celebrate achievement achievement and and aspire aspire[to] to do do our our very very best.[best.]

We We deliver[[deliver]] our our[[mission]] mission in[[in]] three[[three]] essential essential ways: ways:
We We deliver[[deliver]] our our[[mission]] mission in[[in]] three[[three]] essential essential ways: ways: (1) (1) We We provide[provide] a[a] safe[safe] and[and] nurturing[nurturing] environment environment where where students students feel[feel] secure secure and[and] are are confident confident and and eager eager to[to] learn;[learn;]
(2) (2) We We create create a a highly highly specialised specialised and and individualised individualised curriculum, curriculum, with[with] speech speech and and language language at[at] its[its] heart,[heart,] empowering empowering students students to to learn; learn; and and
(3) (3) We We establish establish close close working working relationships relationships between between parents, parents, carers, carers, students students and and staff staff to to support support learning learning and and behaviour. behaviour.

Strategies Strategies for for achieving achieving aims aims and and objectives objectives

(1) (1) We We continue[continue] to[to] develop[develop] our our current current premises,[premises,] making[making] improvements[improvements] to[to] our our “Creative "Creative Hub”[Hub"] for[for] art art and and music music therapy, therapy, and and to to our our main main premises premises leased leased from from the the College. College. Our Our aim aim is is to to provide provide a a safe, safe, secure secure and[and] nurturing[nurturing] learning[learning] environment[environment] for[for] students[students] and[and] a[a] welcoming[welcoming] and[and] comfortable[comfortable] working[working] environment environment for for staff; staff;
(2) (2) We We continue[continue][to] to develop[develop] our our leadership[leadership] structure,[structure,] with[with] a a key[key] focus focus on on proving[proving] support[support] to[to] the[the] cocoHeadteachers Headteachers[from] from Trustee Trustee Governors[Governors] and[and] an an experienced experienced external[external] advisor,[advisor,] to[to] ensure ensure the[the] efficient[efficient] and and effective[effective] management management of of the the school. school. In In addition, addition, we we are are focused focused on on developing developing leadership leadership opportunities opportunities further[further] down down the the school, school, to to help help manage manage succession succession planning planning and and to[to] offer[offer] staff staff a a route route to to professional professional development, development, which which includes includes the the development development of[of] a a “middle "middle management” management" function; function;

i} 7

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2023 2023

(3) (3) We We[continue] continue[to] to[develop] develop personalised[personalised] learning[learning] and[and] assessment assessment as as a a key[key] strategy[strategy] to[to] maximise[maximise] the[the] learning learning opportunities opportunities and and growth growth of[of][all] all students; students;
(4) (4) We We look[look][to] to increase[increase][the] the impact[impact] of[of] speech[speech] and and language[language] therapy[therapy] across across the[the] school,[school,] with[with] a a view[view] to[to] achieving achieving high high standards standards in[in] students’ students' communication communication skills; skills; and and
(5) (5) We We aim[aim] to[to] build[build] upon upon the[the] current[current] high[high] level[level] of[of] Trustee Trustee Governor[Governor][ and] and parent/[parent/] carer carer involvement,[involvement,] to[to] ensure ensure[that] that the[the] co-Headteachers[co-Headteachers] and[and] staff[staff] are[are] effectively[effectively] challenged,[challenged,] and[and] that[that] parents[parents] remain[remain] key[key] to to school school development. development.

Compliance Compliance with with Charity Charity Commission Commission guidance guidance The The Trustee Trustee Governors Governors have have paid paid due due regard regard to[to] guidance guidance issued[issued] by[by] the the Charity Charity Commission Commission in[in] deciding[deciding] what what activities activities the the charity charity should[should] undertake.[undertake.]

Staff Staff involvement involvement

One One of[of] the the keys keys to[to] the the school's school’s success success is[is] the the aim aim to[to] foster[foster] an an engaged engaged and and highly highly motivated motivated staff. staff. By By

consulting consulting staff, staff, including including more more regular regular use use of of staff staff surveys, surveys, we we endeavour endeavour to to get get feedback feedback on on a a regular regular basis, basis, not not only only[in] in ways ways we we can can improve improve the the learning learning experience experience for for our our students, students, but but also also to[to] improve improve the the well-being well-being of[of] staff. staff. The The senior senior leadership[leadership] team team aims aims to to be be pro-active pro-active in[in] making making sure sure staff staff are are kept kept informed informed of of the the school’s school's progress. progress. We We seek seek to to achieve achieve a a common common awareness awareness on on the the part part of of all all employees employees of of the the

financial financial and and economic economic factors factors affecting affecting the the school’s school's performance. performance.

Employment Employment of[of] disabled disabled persons persons

Applications Applications for[for] employment[employment] by[by] disabled[disabled] persons persons are are always always fully[fully] considered,[considered,] bearing[bearing] in[in] mind[mind] the[the] aptitudes[aptitudes] of of the the applicant concerned. applicant concerned. In[In] the the event event of of members members of of staff staff becoming becoming disabled, disabled, every every effort effort is is made made to to ensure ensure that[that] their[their] employment[employment] within[within] the[the] charity[charity] continues[continues] and[and] that[that] the[the] appropriate[appropriate] training[training] is[is] arranged.[arranged.] It[It] is[is] the the[policy] policy[of] of the the charity charity that[that] the the training, training, career career development development and and promotion promotion of[of] disabled disabled persons persons should, should, as as far far as as possible, possible, be be identical identical to to that[that] of[of] other other staff. staff.

Grant Grant making making policies[policies]

The The school school does does not not currently currently have have a a grant grant making making policy. policy.

Use Use of[of] volunteers volunteers

A A number[number] of[of] parents[parents] and[and] carers carers of[of] children[children] attending attending the the school[school] volunteer[volunteer] to[to] provide provide support[support] for for many many

fundraising fundraising activities activities during during the the year year including including raffles, raffles, quiz quiz nights nights and and sponsored sponsored events events for for the the school. school. The The Trustee Trustee Governors[Governors] would[would] like[like][to] to take[take] this[this] opportunity[opportunity] to[to] say say how[how] much much we we appreciate[appreciate] their their continuing continuing and and valuable valuable support support for for our our work. work.

A A regular regular number number of[of] students students from from within within higher higher education education are are offered offered unpaid, unpaid, temporary temporary work work experience experience placements. placements.

Fundraising Fundraising

Historically, Historically, aside aside from from a a short,[short,] intensive intensive fundraising fundraising project project in in early early 2017 2017 to to fit fit out out a a sensory sensory room, room, the the school school has has not not had had an an organised organised fundraising fundraising function. function. In In general, general, we we have have been been able able to to maintain maintain strong strong unrestricted unrestricted reserves reserves[that] that allow allow us us to to fund fund specific[specific] projects projects and and activities activities as as they they arise, arise, as as well well as as using using restricted restricted grants grants to to fund fund specific specific projects. projects. Nevertheless, Nevertheless, as as we we continue continue to to review review the the adequacy adequacy of of our our premises premises and and put put in in place place a a detailed detailed 3yr 3yr ICT ICT investment investment plan, plan, we we have have ring-fenced ring-fenced some some of of these these unrestricted unrestricted reserves reserves for for these” these" designated” designated" purposes purposes and, and, as as such, such, will will look look to to have have establish establish a a more more coherent coherent fundraising fundraising strategy strategy sometime sometime in in the the near near future. future. We We will will look look to to build build on on previous previous external external advice advice from from a a number number[of] of experts experts and and establish establish broad broad shortshortand and long-term long-term objectives. objectives. In In the the short-term short-term these these are are likely likely to to be be focused focused on on applying applying for for various various grants grants to to match-fund match-fund specific specific projects projects and and activities. activities.

8 8

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS' GOVERNORS’ REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

Achievements Achievements and and performance performance

Main Main Achievements Achievements » Embedded Embedded a a series series of[of] new new learning learning programmes programmes and and progress-tracking, progress-tracking, and and related related staff training, staff training, which which provide provide a a more more tailored tailored learning learning experience experience for for our our students students (“individual ("individual development development pathways’); pathways");
» Continued Continued to to operate operate without without any any serious serious safeguarding safeguarding issues, issues, which which is is testament testament to to the the procedures procedures and and policies policies[in] in place, place, as as[well] well as as comprehensive comprehensive staff staff and and trustee trustee governor governor training; training;
» Student Student numbers numbers remained remained strong strong at at 52 52 secured secured placements; placements; » Bedding-in Bedding-in of of assistant assistant headteacher headteacher role, role, as as well well as as progress progress of[of] middle[middle] managers managers and and the the rereappointment appointment[of] of a a previous previous bursar; bursar;
» Establishment Establishment of[of] teachers[teachers] as as subject subject leads, leads, forming[forming] strong strong base base from from which which we we aim aim to[to] develop develop their[their] mentoring mentoring[skills] skills and and confidence confidence in[in] managing managing their their teams teams (LSAs); (LSAs);
Bedding-in Bedding-in of of interactive interactive whiteboards whiteboards and and laptops/ laptops/ iPads iPads across across the the school school has has improved improved student student engagement, engagement,[staff] staff productivity[productivity] and and offers[offers] a a wider wider range range of[of] online online learning learning opportunities opportunities to[to] students; students;
» Re-establishment Re-establishment of of school school trips trips and and continuation continuation of of residential residential trips, trips, which which offer offer students students the the opportunities opportunities to to support support learning learning and and work work on on life life skills; skills;
» Progress Progress in[in] succession succession planning,[planning,] with[with] seamless[seamless] hand-over hand-over from[from] retiring[retiring] staff;[staff;] Criteria Criteria used used to to measure measure success success » The The school school has has been been able able to to maintain maintain strong strong student student numbers numbers (at (at or or near near capacity), capacity), as as well well as as continuing continuing to to attract attract high high numbers numbers of[of] referrals referrals and and applications applications for for places places from from prospective prospective students. students. This This continues continues[to] to reflect reflect positively[positively] on on the the quality[quality] of[of] teaching, teaching, therapy therapy and and support support provided, provided, which which is[is] helping helping students students progress progress and and strive strive to to reach reach their their full full potential; potential;
» Aside Aside[from] from strong strong[initial] initial results[results] from from applying[applying] the[the] SOLAR SOLAR assessment assessment tool,[tool,] we we are are encouraged encouraged by[by] the[the] ability ability of[of] student student leavers leavers to[to] find find good good post-16 post-16 provision provision in[in] other other schools; schools;
Positive Positive staff staff and and student student survey survey results; results; » Despite Despite some some staff staff turnover turnover through through the the challenging challenging Covid-19 Covid-19 pandemic pandemic period period (in (in particular particular foreign foreign staff staff returning returning home), home), we we generally generally have have been been able able to to maintain maintain a a core core stable stable and and contented contented staff staff base base and and are are encouraged encouraged by by our our[ability] ability to to attract attract[quality] quality new new[staff,] staff, especially especially in-demand in-demand therapists,[therapists,] which which is is testament testament to to the the school’s school's welcoming welcoming atmosphere atmosphere and and opportunity opportunity for for staff staff advancement advancement (e.g. (e.g. creation creation of[of] assistant assistant head head and and middle middle management management roles); roles);
We We also also place place great great importance importance on on periodic[periodic] OFSTED[OFSTED] inspections, inspections, which which provide provide an an invaluable invaluable independent independent assessment assessment of[of] the the school’s school's progress; progress;
The The charity charity retains retains a a significant significant surplus surplus of of unrestricted unrestricted funds, funds, which which provides provides reserves reserves to to cover cover unforeseen unforeseen losses losses or or required required expenditures, expenditures, as as well[well] as as allowing allowing the the school school to[to] run run budgeted budgeted short-term short-term deficits deficits in[in] more more volatile volatile periods periods (e.g.[(e.g.] when when inflation inflation rising rising rapidly[rapidly] and and costs costs (wages) (wages) increasing increasing quicker quicker than than we we are are able able to to increase increase fees fees from from local local authorities). authorities).

Plans Plans for for the the[future] future In In the the shortshortto to medium-term medium-term the the school's school’s leaders leaders are are focused focused on on further further improvements improvements to to the the curriculum curriculum and and further further developing[developing] our our student student assessment assessment framework framework to[to] provide provide more more timely timely and and useful useful feedback feedback to[to] students, students, their their parents parents and and carers, carers, and and to to trustee trustee governors. governors. We We continue continue to to update update and and improve improve our our ICT ICT provision provision across across all[all] parts parts of[of] the the school school (for (for both both teaching teaching and and support support functions) functions) and and recruit recruit additional additional staff staff and and improve improve career career advancement. advancement. In In the the long-term, long-term, we we continue continue to to explore explore the the potential[potential] to to expand expand the the school, school, both both in in potentially[potentially] providing providing a a sixth sixth class class within within our our current current pre-16 pre-16 provision provision and and potentially[potentially] the the creation creation of[of] a a post-16 post-16 provision. provision. This This would would require require additional additional space space (both (both internally internally and and externally),[externally),] so so we we are are exploring exploring the the potential potential to to develop develop our our footprint footprint within within our our current current setting setting as as part part of of the the Hammersmith Hammersmith & & Fulham Fulham College College campus, campus, but but also also to to assess assess the the potential[potential][to] to move move to[to] a a larger larger site site elsewhere. elsewhere. This This analysis analysis is[is] at[at] an an early early stage stage and and will will require require close close cooperation cooperation and and dialogue dialogue with with local local authorities, authorities, staff staff and and parents. parents.

9 9

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS' GOVERNORS’ REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2023[2023]

Financial Financial Review Review

Review Review of[of] financial financial position position

The The charity charity reported reported a a small small surplus surplus of[of] £11,150[El] 1,150 for[for] the[the] current current year. year. This This compares compares with with an an exceptional[exceptional] surplus surplus of[of] £23,023[223,023] as as reported[reported] for[for] the[ the] previous[previous] year year where[where] it[it] was was noted[noted] the[the] primary[primary] reason reason for[for][ the] the surplus[surplus] was was the[the] impact[impact] of[of] COVID.[COVID.] While While lower lower on on a a year-on-year year-on-year basis, basis, it[it] is[is] important important to[to] note note that[that] it[it] is[is] still[still] a a healthy healthy total total on on a a historical historical basis basis and and that[that] the the previous[previous] year’s year's total total was was particularly[particularly] distorted[distorted] by[by] the the Covid[Covid] crisis[crisis] (much[(much] reduced[reduced] operating[operating] costs costs as as the the school[school] was was[closed] closed for[for] a a large[large] part[part] of[of] that[that] year).[year).] The The overall overall operating operating surplus surplus (of (of £11,150)[E][ 11,150)] bolstered bolstered net net assets assets of of the the charity charity to to £1,600,026 El (from (from £1,589,621 El at at 31 31 August August 2022), 2022), which which is is split split between between unrestricted unrestricted reserves reserves of of £1,433,236 E 1,433,236 (2022: (2022: El £1,465,923) and and restricted[restricted] reserves reserves of[of] £167,535 E167,535 (2022: (2022: £123,698).[RI] 23,698).

The The total total of[of] unrestricted unrestricted reserves reserves is[is] held held in[in] our our bank bank current current account account and and in in our our account account on on the the CAF CAF Flagstone Flagstone platform. platform. This This allows allows us us to to allocate[allocate] these these savings savings across across a a wide wide number number of[of] individual[individual] bank bank savings savings accounts accounts in in a a much much more more efficient efficient manner. manner. On On the the face face of[of][it,] it, unrestricted unrestricted reserves reserves are are now now well[well] in[in] excess excess of[of] the the minimum minimum reserves reserves policy[policy] set set by by Trustee Trustee Governors Governors (see (see below), below), although although we we are are carving[carving] out out a a proportion proportion into into new new “designated”["designated"] reserves, reserves, specifically specifically for[for] large[large] potential[potential] capital[capital] expenditure[expenditure] on on premises premises in[in] the[the] medium[medium-] to[to] long-term[long-term] and[and] on on ICT.[ICT.] Even Even so, so, remaining remaining unrestricted unrestricted reserves reserves will will remain remain above above our our minimum minimum and and provide provide a a solid solid buffer buffer against against any any unforeseen unforeseen expenditure[expenditure] requirements.[requirements.] Also,[Also,] these[these] liquid[liquid] assets[assets] are[are] more more than[than] sufficient[sufficient] to[to] cover cover the[the] charity's charity’s current current liabilities liabilities (£1,455,599).[(El] ,455,599).

Restricted Restricted reserves reserves fell fell in[in] the the year. year. Generally, Generally, we we look look to[to] spend spend specific[specific] grants grants within within the the financial[financial] year. year. Another Another way way of[of] thinking thinking about about total total net net assets assets of[of] £1,600,771 El ,600,771 is[is] to to consider consider the the charity's charity's balance balance sheet, sheet, and and specifically specifically[the] the difference[difference] between[between] its[its] total[total] assets[assets] of[of] £1,992,558,[El][ ,992,558,] split[split] between:[between:] - - - Tangible Tangible assets[assets] of[of] £144,172[E][ 144,172] (incl.[(incl.] leasehold[leasehold] improvements improvements of[of] £105,511);[E] 105,511); plus plus - Cash Cash balances balances of[of] £1,818,839 El (retained (retained annual annual net net surpluses); surpluses); plus plus - Debtors Debtors — — accounts accounts receivable receivable and and accrued accrued income income of of £10,548; E 10,548; plus plus - Current Current assets assets of[of] £19,744; El[9,] 744;

And And[its] its total total liabilities liabilities[of] of £392,532 E392,532 (all (all due due within within one one year):[year):] - -

Income Income generation generation During During the the year year under under review review unrestricted unrestricted income income totalled totalled £1,627,066 El (2022: (2022: £1,681,066), El[,681] ,066), representing representing a a small small decrease decrease on on the the previous previous year year (-3.2% (-3.2% YoY) YoY) but but well[well] above above our our budget budget for for the the year year (+%), (+%), with with higher higher student student fees fees (on (on higher higher student student numbers numbers than than budgeted) budgeted) and and EFA EFA DFC DFC grant grant than than was was anticipated. anticipated. Total Total income income[is] is mainly[mainly] in[in] the the form form of[of] student student fees fees from from placing placing local local authorities[authorities] (£1,018,889, (El ,018,889, 2022: 2022: £954,369) E954,369) and and EFA EFA student student grants grants (E702, 194, (£702,194, 2022: 2022: £628,343), E628,343), with with both both dependent dependent on on student student numbers. numbers.

10 10

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

Expenditure Expenditure The The total total cost cost of[of] operation operation of[of] the the school school amounted amounted to to £1,786,571, El , 786,571, representing representing a a significant[significant] +7.8% +7.8% YoY YoY increase increase on on FY21-22 FY 21-22 (£1,658,043), (El ,658,043), albeit albeit just just -% -% below below budget. budget. Staff Staff costs costs continue continue to to account account for for the the bulk bulk of of overall overall costs costs (—76% (~76% in in FY FY22-23), 22-23), with with the the next next largest largest cost cost items items being being premises premises costs costs (~7% (—7% of of the the total), total), and and then[then] a a drop drop down down to[to] capital capital equipment equipment (~4%), (—4%), professional professional fees fees (~2%), (—2%), staff staff courses courses (~2%) (—2%) and and school school lunches lunches (~1%),[(—1] %), and and then then a a further further drop drop down down to to a a host host of of smaller smaller line line items. items.

|Historical IO- ear view
Net income
Fund
balances
Restricted
Unrestricted
Av #students
Av # staff
FY13„14
32 667
213,106
62,839
150,267
48
35
FY14-i5
56 979
270,085
26,634
243,451
42
32
FY15-16
129 028
399,113
81,837
317,276
48
31
FY16-17
101 640
500,752
97,569
403,183
45
31
FY17-18
121 755
622,508
99,283
523,225
47
33
FY18-19
239 741
862,249
133,823
728,426
56
36
FY19-20
403 810
166,289
51
35
FY20-21
300 539
174,984
1,391 ,614
55
39
FY21-22
23 023
1,589,621
123,698
1 ,465,923
53
45
FY22-2S
11 150
167 535
52
44
Historical 10-year view
[e
Fv43-14 [FYi4-45 | Fvi5-16 | FY16-7 |FY47-46 | FY16-19 |FY19-20 |_FY20-21 | FY2i-22 | FY2223|
|Netincome | 32,667 | 56,979 | 129,028 | 101,640 | 121,755 | 239,741 | 403,810 | 300,539 | _23,023| 11,150 |
a
(
feeeee
balancesC(O
|Av#students | 48| 42[aa|
|
a7|eTtTS|||| |---|

Reserves Reserves policy[policy]

The The school school needs needs unrestricted unrestricted reserves reserves to:[to:] (1) (1) Meet[Meet] any any contractual[contractual] liabilities[liabilities] should[should] the[the] school[school] be[be] required[required] to[to] close; close; (2) (2) Meet Meet any any unexpected unexpected costs costs such such as as premises premises moves, moves, breakdown breakdown of[of] machinery machinery or or staff staff cover; cover; (3) (3) Replace Replace equipment equipment as as it it wears wears out; out; and and (4) (4) Ensure Ensure the the school school can can maintain maintain a a high high quality quality of of service. service.

The The charity charity aims aims to[to] maintain maintain total total unrestricted unrestricted reserves reserves at[at] a a level level equivalent equivalent to[to] at[at] least[least] eight eight months’ months' operating operating costs costs (equivalent (equivalent to to two two school school terms) terms) based based on on current[current] annual annual expenditure[expenditure] whilst whilst also also considering considering the the possible possible need need for for redundancy redundancy costs costs and and to to meet meet service service level level agreements agreements (most (most have have 3-63-6month month notice notice periods) periods) and and lease lease agreements agreements in[in] the the event event that[that] the the school school were were ever ever to to cease cease trading. trading. Also, Also, importantly, importantly, it it provides provides a a reasonable reasonable period period of[of] time time for for staff staff to[to] apply apply for for alternative alternative employment employment and and for for students students to to be be placed placed in[in] an an alternative alternative provision. provision. It It assumes assumes that that student student funding funding ceases ceases over over the the period, period, which which might might not not be be the the case. case. The The Trustee Trustee Governors Governors regularly regularly review review the the level level of unrestricted[of] unrestricted reserves, reserves, and and as as of[of] 31st 31st August August 2023 2023 have have determined determined that[that] based based upon upon expected expected 2022-23 2022-23 budgeted budgeted levels[levels] of[of] expenditure, expenditure, the the amount amount of[of] unrestricted unrestricted reserves reserves required[required] is[is] £1,175,094. El , 175,094. Current Current unrestricted unrestricted reserves reserves are are £1,433,236 El ,433,236 and and so so comfortably comfortably exceed exceed this this minimum minimum requirement. requirement.

As As outlined outlined above, above, the the school school is[is] creating creating “delegated "delegated reserves” reserves" to[to] cover cover potential potential investments investments in[in] premises premises and and to[to] cover cover the the budgeted budgeted investments investments in[in] ICT ICT over over a a three-year[three-year] period. period. Over Over time time the the school[school] may may add add to[to] these these delegated delegated reserve reserve categories categories to to cover cover other other large large multi-year multi-year expenditure expenditure projects. projects. Nevertheless, Nevertheless, it[it] is is important important to[to] note note that that these these reserves reserves form form part[part] of[of] the the total total unrestricted unrestricted reserves reserves of[of] the the school, school, not not an an addition addition to[to] them. them.

11 11

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

Designated Designated reserves reserves[to] to cover cover potential[potential] investments[investments] in[in] premises[premises] are[are] expected[expected] to[to] be[be] equivalent[equivalent] to[to] up up to[to] 40%[40%] of of total total unrestricted unrestricted reserves reserves at at any any one one time time (£573,294 (E573,294 based based on on the the charity's charity's unrestricted unrestricted reserves reserves as as at at end-August end-August 2023), 2023), while, while, based based on on the the latest latest 3Y 3Y budget, budget, ICT ICT investments investments are are forecast forecast to[to] be be equivalent[equivalent][ to] to —E ~£120,000. 120,000. It It is is important important to to note note that that these these balances balances are are fungible, fungible, especially especially in in the the unlikely unlikely event event of[of] the the school school having having to to close close and and its its operations operations run run down down — — part part of of these these designated designated reserves reserves would would be be used used to to cover cover the[the][minimum] minimum[eight] eight months’[months'] worth[worth] of[of] expenditure.[expenditure.]

Investment Investment[policy] policy

The The Trustee Trustee Governors Governors have have overall[overall][responsibility] responsibility for for the the investment investment of[of] the the charity's charity's cash cash balances,[balances,] other other unrestricted unrestricted reserves reserves and and any any unspent unspent restricted[restricted] reserves. reserves. In In turn, turn, this this responsibility[responsibility] is[is] delegated[delegated] to[to] its[its] Finance, Finance, Leadership Leadership & & Management Management (FLM) (FLM) sub-committee sub-committee to to monitor monitor on on an an on-going on-going basis. basis. This This subsubcommittee committee reports reports to to the the Board Board of[of] Trustee Trustee Governors Governors on on a a periodic periodic basis, basis, including including a a summary summary of[of] the the various various[investments,] investments, their[their] performance[performance] and[and] risks.[risks.]

The The FLM FLM sub-committee’s sub-committee's primary primary investment investment objectives objectives are: are: (1) (1) To To ensure ensure adequate adequate cash[cash] balances[balances] are are available available in[in] an an approved[approved] bank[bank] account[account] to[to] cover cover day-to-day[day-to-day] working working capital[capital] requirements requirements of[of] the the school’s school's operations, operations, without without the the account account becoming becoming overdrawn; overdrawn; and and
(2) (2) To To protect protect the the real real long-term long-term capital capital value value of of the the unrestricted unrestricted reserves, reserves, minimising minimising risks risks and and optimising optimising[returns,] returns, with with due due consideration consideration taken taken of[of] the the flexibility flexibility and and term term of[of] investments. investments.
The The committee committee analyses analyses and and monitors monitors the the various various market market risks risks associated associated with[with] these these investments investments on on an an on-going on-going basis, basis, with with working working cash cash balances balances and and other other unrestricted unrestricted reserves reserves distributed distributed across across potentially[potentially] three three main main investment investment types, types, depending depending on on the the total total balances balances at-hand: at-hand: - -
(1) (1) Bank Bank current/ current/ business business accounts; accounts; (2) (2) Savings Savings accounts accounts and and other[other] similar[similar] savings[savings] vehicles; vehicles; and and (3) (3) Investment Investment funds. funds.

Historically, Historically, given given the the limited[limited] unrestricted unrestricted reserves reserves available available and and the the low low risk risk appetite, appetite, the the majority majority has has been been

placed placed in in (1) (1) and and (2) (2) above. above. As/ As/ when when these these unrestricted unrestricted reserves reserves grow grow in in value value more more significantly significantly above above our our projected[projected] minimum[minimum] requirements[requirements] (see (see Reserves[Reserves] policy[policy] above), above), the the FLM FLM sub-committee sub-committee would would expect expect to to explore explore options options within within (3) (3) above, above, albeit albeit with with a a focus focus on on capital capital preservation preservation and and risk risk diversification. diversification. At At this this time time external external professional professional advice advice would would be be sought sought as as a a key key input input to to any any decision. decision. Going Going concern concern

After After making making appropriate appropriate enquires, enquires, the the Trustee Trustee Governors Governors have have a a reasonable reasonable expectation expectation that that the the charity charity

has has adequate adequate resources resources to to continue continue in[in] operational operational existence existence for for the the foreseeable foreseeable future. future. In In the the first first instance instance

this this is is based based on on the the number number of of students students on on roll roll (both (both current current and and projected, projected, given given strong strong on-going on-going demand demand

for for places) places) and and their their associated associated fees fees covering covering current current and and projected projected expenses expenses of of running running the the school. school. Beyond Beyond this,[this,] the the charity's[charity's] sizeable sizeable surplus surplus funds funds provide provide more more than than additional additional comfort comfort that that the the charity charity could could cover cover any any[potential] potential[short-term deficits] short-term deficits[to] to continue[continue] as as a a going[going] concern concern with[with] no no interruption[interruption] to[to] its[its] core core teaching[teaching]

12 12

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2023 2023

provision. provision. For For this this reason, reason, they they continue continue to to adopt adopt the the going going concern concern basis basis in in preparing preparing the the financial[financial] statements. statements. Further Further details details regarding regarding the the adoption adoption of[of] the the going going concern concern basis basis can can be be found found in in the the accounting accounting policies. policies.

Principal Principal funding funding

The The principal principal funding funding is is from from local local authorities, authorities, with[with] top-up top-up school school fees fees in in some some instances instances from from parents, parents, plus plus grants grants from from the the central central Education Education and and Skills Skills Funding Funding Agency Agency (ESFA). (ESFA). The The statement statement of[of] Financial Financial activities activities for for the the year year is is set set out out on on page page 25 25 of of the the financial financial statements. statements. A A summary summary of[of] the[the][financial] financial results[results] and[and] the[the][work] work by[by] the[the] charity[charity] is[is] set[set] out[out] below.[below.] How How principal principal sources sources of of funding funding support support the the key key objectives objectives of of the the charity charity

Fees Fees from from local local authorities[authorities] along along with with fees fees charged charged to to parents parents facilitate facilitate the the day-to-day day-to-day running running of[of] the the school, school, providing providing resources resources to to cover cover staff staff salaries,[salaries,] teaching teaching resources resources (incl. (incl. books, books, stationery stationery supplies, supplies, computers) computers) and and other other operating operating overheads. overheads.
- Grants Grants[received] received[from] from the[the] ESFA ESFA[provide] provide a[a] top-up[top-up] to[to] fees fees received received from from placing placing local local authorities authorities and and help help subsidise subsidise student student fees fees and and enable enable disadvantaged disadvantaged students students with with parents parents who who would would not not otherwise otherwise be be able able to to[afford] afford the the school's school's fees fees to to benefit benefit from from the the high-quality high-quality education education provided. provided.
- The The Devolved Devolved Formula Formula Capital Capital grant grant enables enables the the purchase purchase of[of] classroom classroom and and IT[IT] equipment equipment to to further further learning. learning.
- The The Capital Capital Maintenance Maintenance grant grant ensures ensures premises premises are are fit[fit] for for purpose purpose and and remain remain in in good good repair, repair, and and enable enable improvements improvements for for the the benefit benefit of[of] the the pupils, pupils, such such as as the the construction construction of[of] the the all-weather all-weather playing playing surface. surface.
- The The Sports Sports and and PE PE grant grant facilitates facilitates the the purchase purchase of of sports sports equipment, equipment, training training and and attendance attendance at at sporting sporting events events to[to] develop develop the the sporting sporting skills skills of[of] the the pupils. pupils.
- The The Teachers' Teachers’ Pay Pay and and Teachers’ Teachers' Pension Pension grants grants provide provide additional additional resources resources to to build build teachers’ teachers' overall overall compensation. compensation.

Material Investments policy

Material Material Investments Investments policy policy

Under Under the the Memorandum Memorandum and and Articles Articles of[of] Association, Association, the the charity charity has has the the power power to to make make any any investment investment that[that] the the Trustee Trustee Governors Governors see see fit. fit. The The Trustee Trustee Governors Governors have have assessed assessed the the major major risks[risks] to[to] which which the the charity charity is is exposed exposed and and are are satisfied satisfied that that systems systems are are in[in] place place to to mitigate mitigate exposure exposure to to the the major major risks. risks.

Risk Risk Review Review

Risk Risk management management

The The Trustee Trustee Governors Governors are are[ultimately] ultimately responsible responsible for for the the management management of[of] the the risks[risks] faced faced by by the the school. school. This This involves involves identifying[identifying] the the types types of[of] risks risks the the charity charity faces, faces, prioritising prioritising them them in in terms terms of of potential potential impact impact

and and likelihood[likelihood] of[of] occurrence occurrence (based (based on on an an in-house in-house scoring scoring model), model), and and identifying[identifying] means means of[of] mitigating mitigating risks. risks. A A record record[of] of these these is[is] kept kept in[in] a a risk risk register, register, which which is[is] formally formally reviewed reviewed at at each each main main Board Board of[of] Trustee Trustee

Governor Governor meeting,[meeting,] and and by by the the three three separate separate sub-committees sub-committees of[of] the the main main Board Board on on a a periodic periodic basis. basis. In In addition, addition, a a comprehensive comprehensive list list of of school school policies policies is is regularly regularly reviewed reviewed and and updated updated for for best best practice, practice,

including including input input from from an an independent, independent, third third party party HR HR firm. firm.

As As[of] of the the balance balance sheet sheet date, date, the the key key risks risks identified identified by by the the Trustee Trustee Governors Governors can can be be split split across across three three main main categories categories as as follows: follows:

13 13

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS' GOVERNORS’ REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

(I) (1) Strategic Strategic and and reputational reputational risks,[risks,] including,[including,] but but not not limited limited to: to: - - (a) (a) A A major safeguarding major safeguarding or or health[health] and[and] safety[safety] incident;[incident;] (b) (b) Worsening Worsening of[of] the[the] Covid-19[Covid-19] outbreak[outbreak] or[or] a[a] new new pandemic;[pandemic;] (c) (c) Competition Competition risk risk arising[arising] from from new new or or re-purposed re-purposed schools schools in[in] the the area; area; (d) (d) Loss Loss of[of] Chair[Chair] of[of] Trustee Trustee Governors Governors and and inability inability to[to] promote promote or or recruit recruit a a replacement;[replacement;] (e) (e) A A[breach] breach of[of] staff[staff] code code of[of] conduct;[conduct;] and[and] (f) (f) A A poor poor Ofsted[Ofsted] inspection;[inspection;]
(2) (2) Operational Operational risks, risks, including,[including,] but[but] not[not] limited[limited] to:[to:] - - (a) (a) A _Apermanent permanent loss[loss][of] of premises;[premises;] (b) (b) | A A temporary temporary loss[loss] of[of] premises premises due[due] to[to] fire,[fire,] flood[flood] or[or][other] other emergency; emergency; (c) (c) Failure Failure of[of] West West London[London] College[College] to[to] proceed[proceed] with[with] plans[plans] for[for] new new build/Parayhouse[build/Parayhouse] school[school] not[not] included included in in any any development development plans. plans.
(d) (d) IT IT capability capability risk risk — — out-dated/ out-dated/ unsupported unsupported systems systems causing causing loss[loss] of[of] data data and/or[and/or] operational operational issue; issue;
(e) Breach Breach of of GDPR GDPR or or e-security; e-security; and and (f) (f) Staffing Staffing issues, issues, e.g. e.g. loss loss of of multiple multiple staff staff at at one one time time and/or and/or significant significant employment employment law law issues; issues;
(3) (3) Financial Financial risks, risks, including, including, but but not not limited limited to:[to:] - - (a) (a) Financial Financial[fraud;] fraud; (b) (b) Loss Loss of[of] student student numbers numbers making making the the school’s school's financial[financial] model model unviable; unviable; (c) (c) Reserves Reserves risk risk — — lack lack of of sufficient sufficient funds funds in[in] reserves reserves to to allow allow school school to to carry carry on on operations operations for for a a limited limited time time under under stress; stress; and and
(d) (d) Investment Investment policy[policy] risk risk — — capital capital loss loss by by inappropriate inappropriate investments investments of of the the charity's charity's reserves. reserves. (e) (e) Loss Loss[of] of key key financial[financial] personnel. personnel.
Mitigating Mitigating actions actions are are regularly[regularly] reviewed,[reviewed,] assessed assessed for[for] appropriateness[appropriateness] and and updated updated where where necessary, necessary, and and with with the the proviso proviso that that some some are are a a work-in-progress work-in-progress given given the the scale scale involved. involved. Key Key strategies strategies implemented implemented to to help help mitigate mitigate some some of[of] these these risks risks include, include, but but are are not not limited limited to:[to:] - - (i) Maintenance Maintenance of[of] a a comprehensive comprehensive set set of[of] reference[reference] policy[policy] documents; documents; (ii) (ii) | Continuous Continuous[offering] offering of[of] staff[staff] and[and] Trustee Trustee Governor[Governor] training[training] across across all[all] risk[risk] categories,[categories,] as as well[well] as as regular regular[skills-gap] skills-gap audits; audits;
(iii) (iii) | Access Access to[to][independent,] independent, third-party[third-party] specialist[specialist] advice,[advice,] e.g. e.g. in[in] HR, HR, IT,[IT,] data[data] protection protection (and[(and] cyber cyber risk risk evaluation), evaluation), insurance insurance and and property property management; management;
(iv) (iv) | Continuing Continuing development development of of senior senior management management of of the the school school and and succession succession planning, planning, where where relevant, relevant, and and including including a a review review of of recruitment recruitment and and staff staff retention; retention;
(v) (v) | Maintenance Maintenance of of a a strong strong working working relationship relationship with with the the school's school's current current property property landlord landlord (Hammersmith (Hammersmith & & West West London London College); College);
(vi) (vi) | Creation Creation of of a a business business continuity continuity plan, plan, including including search search for for alternative alternative settings settings required required in in an an emergency; emergency;
(vii) (vii) Development Development of of a a coherent coherent and and realistic realistic fundraising fundraising strategy strategy to to help help broaden broaden the the charity's charity's resources resources[and] and[expand] expand the[the][school's] school's[offering;] offering;
(viii) (viii) A A regular[regular] review[review] of[of] reserves reserves and and investment investment policies, policies, with with strict strict oversight oversight and and schemes schemes of[of] delegation, delegation, and and ultimate ultimate approval/ approval/ ratification ratification by by the the main main Board Board of[of] Trustee Trustee Governors; Governors;
(ix) (ix) Consistent Consistent[control] control and and forecasting forecasting of of student student numbers, numbers, frequent frequent review review of of management management accounts accounts and and budgets budgets by by an an appointed appointed school school finance finance officer; officer; and and
(x) (x) | Monitor Monitor and and evaluate evaluate student student achievement achievement on on a a termly termly basis, basis, provide provide regular regular training training to to staff staff and and create create a a staff staff culture culture where where peer peer observation, observation, feedback feedback and and discussion discussion about about learning learning are are commonplace. commonplace.
Through Through the[the] risk risk management management process process outlined outlined above, above, the the Trustee Trustee Governors Governors are are satisfied satisfied that that the the major major risks risks identified identified will will be be adequately adequately mitigated mitigated where where necessary. necessary. It It is is recognised recognised the the systems systems can can only only provide provide reasonable, reasonable, but but not not absolute, absolute, assurance assurance that that the the major major risks risks have have been been adequately adequately managed. managed.

14 14

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

The The Trustee Trustee Governors Governors have have assessed assessed the the major major risks risks to to which which the the charity charity is[is] exposed, exposed, in in particular[particular] those those related related to[to] the the operations operations and and finances finances of[of] the the charity, charity, and and are are broadly broadly satisfied[satisfied] that[that] systems systems and and procedures procedures

are are in[in][place] place to[to][mitigate] mitigate[our] our exposure exposure[to] to these[these] major[major] risks.[risks.] Nevertheless,[Nevertheless,] the[the] Trustee Trustee Governors[Governors] are are acutely acutely

aware aware of[of][the] the need[need] to[to] continually[continually] review[review] and,[and,] where[where] necessary, necessary, evolve[evolve] these these risk[risk] mitigations[mitigations] to[to] enhance enhance overall overall risk risk management. management. This This includes includes working working closely closely with with the the school’s school's senior senior leadership leadership team, team, which which takes takes ownership ownership of[of] many many of of these these mitigating mitigating actions actions on on a a day-to-day day-to-day basis, basis, as as well well as as helping helping it it to to shape shape and and attain attain key key strategies strategies on on its[its] School School Improvement Improvement Plan Plan and and to to draw draw up up a a longer-term longer-term vision[vision] for for the the school. school.

No No means means exhaustive exhaustive and and very very much much aspirational[aspirational] realising[realising] that[that] we we are are at at the the start start of of a a long long journey, journey, but but we we aspire aspire to to transform transform school school values values and and champion champion sustainable sustainable behaviours behaviours through through a a number number of[of] broad broad ambitions ambitions to to include:[include:]

» Trustee Trustee governors governors and[and] the[the] senior[senior] leadership[leadership] team team of[of] the[the] school[school] to[to] lead lead by[by] example example and and support[support] the the drive drive to[to] embed embed culture culture change change across across the the school, school, including including to to ensure ensure that[that] relevant relevant sustainability sustainability issues issues feature feature on on the the agenda agenda of[of] Full Full Board Board and and sub-committee sub-committee meeting, meeting, where where relevant relevant — — in in effect effect applying applying an an ESG ESG lens[lens][to] to all[all] we we do,[do,] as as well[well] as as continuing[continuing] to[to][embed] embed and[and] promote[promote] a[a] strong[strong] compliance compliance culture[culture] across across the[the] school.[school.]
Continue Continue[to] to promote promote staff staff engagement engagement (surveys, (surveys, conversations conversations etc.), etc.), an an inclusive[inclusive] (“Speak-up”) ("speak-up") culture, culture, diversity, diversity, empowerment empowerment (offer (offer leadership leadership opportunities), opportunities), remain remain committed committed to[to] fair fair and and equal equal pay, pay, and and create create an an attractive attractive workplace workplace that that aids aids staff staff well-being[well-being] (mental (mental health) health) as as much much as as possible. possible.
» Continue Continue to[to] focus focus on on maintaining maintaining the the strength strength of[of] our our balance balance sheet sheet and and financial[financial] position position that[that] provide provide the the security security and and stability stability[to] to support support the the school school as as a a going going concern concern over over the the long-term long-term and and help help make make it[it] resilient resilient to to various various risks. risks. We We are are acutely acutely aware aware[of] of our our 40-year 40-year history[history] and and our our stewardship stewardship of[of] its[its] legacy. legacy.

Structure, Structure, Governance Governance and and Management Management Constitution Constitution

The The company company is is a a charitable charitable company company limited limited by by guarantee guarantee and and was was set[set] up up by by constitution constitution in[in] 2001. 2001. It[It] is[is] constituted constituted under under a a Memorandum Memorandum and and Articles[Articles] of[of] Association Association dated dated 2001 2001 (updated (updated 2018) 2018) and and is[is] a a registered registered charity charity (charity (charity number number 1090757). 1090757). The The principal principal objective objective of of the the company company is is to to provide provide education education to to children. children. During During the the year year 2022-23 2022-23 the the school school averaged averaged 53 53 pupils pupils and and 44 44 staff. staff.

15 15

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS' GOVERNORS’ REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

Governance Governance structure structure

Trustee Trustee Governor Governor Membership Membership & & Committees Committees

||Appointed
Trustee
Governor
Main
Board
Appointed | Trustee | Main
Governor | Board|Appointed
Trustee
Governor
Main
Board
Appointed | Trustee | Main
Governor | Board|Appointed
Trustee
Governor
Main
Board
Appointed | Trustee | Main
Governor | Board|FLM|Committees
PDBW
PDBW|TLA| |---|---|---|---|---|---|---| |||Type||||| |Trustee Governors
Trustee Governors||||||| |Daniela Schwartz (Chair)
Hala Ensari (Vice-Chair)
Johnnie Wraith
(Resigned
11th January
2023)
Daniela Schwartz (Chair)
Hala Ensari (Vice-Chair)
Johnnie Wraith (Resigned 11" January
2023)|Jul-14
Nov-18
Dec-14
Jul-14
Nov-18
Dec-14|Community
Parent
Parent
Community
Parent
Parent|a
a
a|a|x
X
a|| |Beatriz Exposito
Michael Gallagher (Resigned
14th June
2023)
Beatriz Exposito
Michael Gallagher (Resigned
14' June
2023)|Nov-19
Sep-19
Nov-19
Sep-19|Staff
Community
Staff
Community|rl]
=|||a
a| |Steve Hussey
Jakub Koper
Steve Hussey
Jakub Koper|Jun-17
Dec-21
Jun-17
Dec-21|Parent
Staff
Parent
Staff|r
rT]|x
Xx|a|a| ||||a|||a| |Georgina Klein
Georgina Klein|Dec-21
Dec-21|Community
Community||||| |Thomas Cowley
Yvonne Woodford
Thomas Cowley
Yvonne Woodford|Dec-21
Oct-22
Dec-21
Oct-22|Community
Community|a|a||| |Associate members
Associate members||||||| |Nick Herrtage (Real Estate Advisor)
Wendy Coombes (Advisor)
Verity Carnevale (co-Head)
Holly Bristow (co-Head)
Claire Huntington
Phoebe Buret
Steve Williams (Finance Officer)
Lorraine Morgan (Business Manager)
Nick Herrtage (Real Estate Advisor)
WendyCoombes (Advisor)
Verity Carnevale (co-Head)
Holly Bristow (co-Head)
Claire Huntington
Phoebe Buret
Steve Williams (Finance Officer)
Lorraine Morgan (Business Manager)|-
-
-
-
-
-|External
External
Staff
Staff
Staff
Staff
Staff
Staff
External
External
Staff
Staff
Staff
Staff
Staff
Staff||IOA
IOA
Eo
Eo
Eo
loA
loA|Eo
Eo|Eo
Eo
Eo| |Number of meetings
Numberofmeetings|||4
4|6
6|3
3|4
4|

X X Chair/[Chair/] u m» Member/[Member/] Eo Eo Ex-officio/[Ex-officio/] loA[IOA] Invited Invited to[to] attend attend

FLM=Finance, FLM=Finance, Leadership Leadership & & Management) Management/ PDBW=Personal PDBW=Personal Development, Development, Behaviour Behaviour & & Welfare/ Welfare/

TLA=Teaching, TLA=Teaching, Learning Learning & & Assessment. Assessment. [N.B. [N.B. The The previous previous separate separate Finance Finance and and the the Leadership Leadership & & Management Management committees[committees] were were combined combined to[to] form form the the FLM FLM committee committee in[in] January January 2019.] 2019.]

Management Management structure structure

The The Board Board of of Trustee Trustee Governors Governors administers administers the the charity. charity. The The Trustee Trustee Governors Governors of of the the charity charity are are legally legally responsible responsible for for the the overall[overall] management management and and control control of of the the school. school. The The main main Board Board of of Trustee Trustee Governors Governors is is

convened convened four four times times a a year, year, with with separate separate sub-committees sub-committees held held more more often often across across the the year. year.

The The work work[of] of implementing implementing their their policies policies is is carried carried out out by by the the Co-Headteachers Co-Headteachers and and their their staff. staff. The The CoCoHeadteachers Headteachers attend[attend][all] all the[the] regular[regular] meetings meetings of[of] the the Board Board of[of] Trustee Trustee Governors Governors (ex-officio) (ex-officio) and and its its subsubcommittees. committees.

16 16

PARAYHOUSE PARAYHOUSESCHOOL SCHOOL

TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

----- Start of picture text -----
G Governing Body Body
'""—.——————————————————~—_—[—t
;'
Po Board Board of [Of] Trustee Trustee Governors Governors i
t j
t I
i i
; i
, Sub-Committees Sub-Committees '
Personal
i Fi Finance, ee [Leadership] Personal i
Development, Teaching, Leaming &
' patter & [Management] (FLM) cant ” Behaviour Development, & Welfare Teaching, Learning Assessment [ITLA)] & 1
: (FL) Behaviour & Welfare Assessment {TLA} i
; ot (PDBW) (PDBW) i
Th ssn ss san seat St Re SE OR RD IA Ss SEA AY HSL SL A Suh SE AN HR A SBOE ASD SAE RD hE NE Ah AD At tN eh MD a HS
Operational Operational Body [Body] =
Cee eneitninateatttieny |
| | SeniOr Senior Leadership LedexshipTeam Team :
Cei ete: Co-Headteachers CO-Headteachers
| School School Business Business | Assistant Assistant Head Head of Of
' Manager Manager Head Head Therapy Therapy 1
li | MUMMIES ARMEnCaNaMm~acigif|
ty Middle Middle Management Management '
' t
: sememenemeeieeneeunne beneees emai I
staff
laaccceeoneonanna enna eee eee!
----- End of picture text -----

Method Method of[of] appointment appointment or or election[election] of[of] Trustee Trustee Governors Governors

The The management management of[of] the the company company is[is] the the responsibility[responsibility] of[of] the the Trustee Trustee Governors Governors who who are are elected elected and and cocoopted opted under under the the terms terms of[of] the the Articles Articles of[of] Association. Association.

17 17

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2023 2023

None None[of] of the the Trustee Trustee Governors Governors has has any any[beneficial] beneficial interest interest in[in] the the company. company. All All of[of] the the Trustee[Trustee] Governors Governors are are members members of of the[the] company company[and] and guarantee[guarantee] to[to] contribute[contribute] £10[E][ 10] in[in] the[the] event[event] of[of] a[a] winding[winding] up.[up.]

Polices Polices adopted adopted for for the the induction induction and and training training of of Trustee Trustee Governors Governors

New New Trustee Trustee Governors Governors are are included included into into the the workings workings of[of] the the charity charity and and the the school, school, including including Board Board policy[policy] and and procedures, procedures,[by] by attending attending a a meeting meeting as as an an observer observer and and interviewing interviewing with[with] the the Co-Headteachers Co-Headteachers and and separately separately the the Chair Chair of[of] Trustee Trustee Governors. Governors. Training Training is is provided provided for for existing[existing] members members to to ensure ensure that that they they remain remain fully fully conversant conversant with with relevant relevant current current legislation, legislation, policy[policy] and and procedures. procedures. Governing Governing documentation documentation states states that[that] the the time time limit limit for for serving serving on on the the Board Board of of Trustee Trustee Governors Governors is is 4 4 years years (although (although can can be be rereelected elected[to] to serve serve a a second second term). term).

Remuneration Remuneration Policy[Policy]

Posts Posts for for[staff] staff are are advertised advertised in[in] the the relevant relevant arena. arena. Pay Pay is[is] based based on on set set pay-scales, pay-scales, where where they they exist, exist, and and the the experience experience of[of] the the candidate. candidate. Similar Similar posts posts are are scrutinised scrutinised to[to] ensure ensure fair fair and and relevant relevant salary salary levels. levels.

Group Group structure structure

The The charity charity does does not not have have any any non-charitable non-charitable subsidiary, subsidiary, and and is is not not engaged engaged in in any any form form of[of] trading. trading.

Funds Funds held held as as[custodian] custodian

No No funds funds are are held held as as custodian. custodian.

Significant Significant events events after after the the year-end year-end

None None

SMALL SMALL COMPANY COMPANY EXEMPTIONS[EXEMPTIONS]

In In preparing preparing this this report report the the directors[directors] have have taken taken advantage advantage of[of] small small company company exemptions. exemptions.

The The Trustees Trustees report report was was approved approved by by the the Board Board of[of] Trustee Trustee Governors. Governors.

D. D. Schwartz Schwartz

Daniela Daniela Schwartz Schwartz (Mar (Mar 15, 15, 2024 2024 09:51 09:51 GMT) GMT) Ms Ms[D] D Schwartz Schwartz Trustee Trustee Governor Governor

Dated: Dated: 14th 14'" March March 2024 2024

S. S. Hussey Hussey teveff e Steve Steve Hussey Hussey (Mar[(Mar] 157 15, Len 202 13:15 GMT) GMT) Mr Mr S[S] Hussey Hussey Trustee Trustee Governor[Governor] Dated: Dated: 14!" 14th March March 2024 2024

18 18

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL STATEMENT STATEMENT OF OF[TRUSTEE] TRUSTEE GOVERNORS’ GOVERNORS' REPONSIBILITIES REPONSIBILITIES FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2023 2023

The The Trustee Trustee Governors Governors (who (who are are also also the the directors directors of[of] Parayhouse Parayhouse School School for for the the purposes purposes of[of] company company law) law) are are responsible[responsible] for[for] preparing[preparing] the[the][trustees'] trustees’ annual[annual] report[report] and[and][the] the financial[financial] statements[statements] in in accordance accordance with with

applicable applicable law law and and regulation.[regulation.]

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

Under Under company company law,[law,] the the trustees trustees must must not not approve approve the the financial[financial] statements statements unless unless they they are are satisfied[satisfied] that[that] they they give give a a[true] true and and fair view fair view[of] of the the state state[of] of affairs affairs of[of] the the charitable charitable company, company, and and of[of] the the incoming incoming resources resources

and and application application[of] of resources, resources, including including income income and and expenditure, expenditure, of[of] the the charitable charitable company company for for that[that] period. period.

In In preparing preparing those those financial[financial] statements, statements, the the trustees trustees are are required required to:[to:] • e Select Select suitable suitable[accounting] accounting policies[policies] and[and] then[then] apply[apply] them[them] consistently;[consistently;] e Observe Observe the[the] methods[methods][and] and[principles] principles in[in] the[the] Charities Charities SORP;[SORP;] • e Make Make judgements[judgements][and] and accounting[accounting] estimates[estimates] that that are are reasonable reasonable and and prudent; prudent; • e State State whether whether applicable applicable IJK UK Accounting Accounting Standards Standards have have been been followed followed subject subject to to any any material material departures departures disclosed disclosed and and explained explained in[in] the the[financial] financial statements; statements; and and
e • Prepare Prepare the the[financial] financial statements statements on on the the going going concern concern basis basis unless unless it[it] is[is] inappropriate inappropriate to[to] presume presume that that the the charitable charitable company company will will continue continue in in business. business.

The The trustees trustees are are responsible responsible for for keeping keeping adequate adequate accounting accounting records records that[that] are are sufficient[sufficient] to[to] show show and and

explain explain the the charitable charitable company’s company's transactions transactions and and disclose disclose with with reasonable reasonable accuracy accuracy at at any any time time the the financial financial position position of[of] the the charitable charitable company company and and enable enable them them to to ensure ensure that[that] the the financial[financial] statements statements comply comply with with Companies Companies Acts Acts 2006. 2006. They They are are also also responsible responsible for for safeguarding safeguarding the the assets assets of of the the charitable charitable company company

and and hence hence for for taking taking reasonable reasonable steps[steps] for for the the prevention prevention and and detection detection of[of] fraud fraud and and other other irregularities. irregularities.

The The trustees trustees are are responsible responsible for for the the maintenance maintenance and and integrity integrity of[of] the the corporate corporate and and financial[financial] information information included included on on the the charitable charitable company’s company's website. website. Legislation Legislation in[in] the the United United Kingdom Kingdom governing governing the the preparation preparation

and and dissemination[dissemination] of[of] financial financial statements statements may may differ differ from from the the legislation legislation in[in] other other jurisdictions. jurisdictions.

Statement Statement as as to[to] Disclosure Disclosure[of] of Information Information to to the the Auditor Auditor

The The trustees trustees at[at] the the date date of[of] approval approval of[of] this this trustees’ trustees' annual annual report report confirm confirm that[that] so so far far as as each each of[of] them them is[is]

aware, aware,[there] there is[is] no no relevant[relevant][audit] audit[information] information of[of] which[ which] the[the] charitable[charitable] company’s[company's] auditor[auditor] is[is] unaware, unaware, and[and] the[the] trustees trustees have have taken taken all[all] steps steps that that they[they] ought ought to[to] have have taken taken to[to] make make themselves themselves aware aware of[of] any any relevant relevant audit audit information information and and[to] to establish establish that that the the auditor auditor is[is] aware aware of[of] that[that] information. information.

Environmental, Environmental, Social Social and and Governance Governance (ESG)[(ESG)]

As As the the charity charity behind behind Parayhouse Parayhouse School School we we are are acutely acutely aware aware of[of] the the importance importance of[of] applying[applying]

environmental, environmental, social[social] and and governance governance (ESG) (ESG) standards standards to[to] the the running running of[of] our our school[school] with with the the aim aim to[to] make make

a a tangible tangible difference difference to[to] our our students, students, to[to] our our wider[wider] community, community, and and to[to] society society as as a a whole.[whole.]

We We are are determined[determined][to] to minimise[minimise] any any negative[negative] environmental[environmental] impact[impact] of[of] our our operations,[operations,] continue[continue] to[to] be[be] a a

diverse diverse and and inclusive[inclusive] employer, employer, strengthen strengthen relationships relationships with[with] local local communities communities and and suppliers, suppliers, and and to[to]

operate operate with with strong strong corporate corporate governance governance and and behaviour. behaviour. Furthermore, Furthermore, we we want want to[to] inspire[inspire] our our colleagues colleagues

and and[students] students to[to] have have meaningful meaningful conversations[conversations] around around environmental[environmental] and[and] social[social] challenges[challenges] and[and] how[how] to[to] successfully successfully address[address] those[those] as as part[part] of[of] our our curriculum[curriculum] and[and] through[through] extra-curricular[extra-curricular] activities.[activities.]

The The 'E' ‘E’ in in ESG: ESG: Environmental Environmental considerations considerations

We We are are somewhat[somewhat] beholden[beholden][to] to our our college[college] landlord[landlord] in[in] terms[terms] of[of] our our carbon[carbon] footprint[footprint] as as it[it] supplies supplies our[our] various various forms forms of[of] energy, energy, but but we we can can control control how how efficiently efficiently we we use use that[that] energy energy (for[(for] example, example, making[making] sure sure windows windows are are closed closed[in] in winter,[winter,] lights lights and and other other electrical electrical equipment equipment are are switched[switched] off off when when not not in[in] use).[use).]

19 19

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL STATEMENT STATEMENTOF OF[TRUSTEE] TRUSTEE GOVERNORS’ GOVERNORS' REPONSIBILITIES REPONSIBILITIES FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2023 2023

Hence Hence we we have have started started[raising] raising awareness awareness amongst amongst our our colleagues[colleagues] and and students students about about energy energy efficiency[efficiency] while while using using the the school school buildings. buildings. Equally, Equally, we we are are committed committed to[to] reduce reduce waste waste where where possible possible and and

champion champion recycling.[recycling.]

Over Over the the next next year, year, we we will will look look[to] to work work more more closely closely with with the the college college to[to] minimise minimise carbon carbon emissions emissions where where possible possible and and to[to] jointly jointly agree agree on on an an environmental environmental action action plan. plan.

The The 'S' ‘S’ in in ESG: ESG: Social Social considerations considerations

As As a a school school catering catering for for young young people people with with speech, speech, language language and and communication communication difficulties difficulties and and other other special special needs, needs, we we[offer] offer a a hugely hugely relevant relevant social social provision provision[to] to the the wider wider London London community, community, giving giving access access to to education education for for this this dis-advantaged dis-advantaged cohort cohort of[of] students. students.

Safeguarding Safeguarding our our students[students] is[is] paramount paramount[to] to our our school.[school.] This[This] extends[extends][to] to data[data] safeguarding safeguarding and[and] related[related] cyber cyber risks, risks, and and[to] to maintaining maintaining an an[extensive] extensive set set of[of] policies policies to to set set internal internal Safeguarding Safeguarding standards. standards.

Furthermore, Furthermore, we we are are committed committed to to be be an an[inclusive] inclusive school school and and practice practice diversity[diversity] in in our our admissions admissions policy[policy] as as well[well] as as[prioritise] prioritise[diversity] diversity[and] and inclusion inclusion within[within] our our staff[staff] base[base][while] while providing[providing] colleagues[colleagues] with[with] a a safe,[safe,] supportive supportive and and friendly friendly environment environment to[to] work work in[in] — — which which is is reflected reflected in in our our Code Code of of Conduct. Conduct. We We follow follow fair fair

pay pay - - with with salaries salaries benchmarked benchmarked to to inner inner London London levels levels - - and and aim aim to to offer offer as as many many additional additional staff staff

incentives incentives as as possible. possible.

We We[aspire] aspire[to] to work[work] closely closely[with] with our our parent parent and and carer carer community[community] and[and] our our local[local] community,[community,] and[and] we we continue continue

to to establish establish relationships relationships with with other other schools schools and and with with local local companies, companies, aiming aiming to to focus focus on on local local suppliers suppliers

where where possible. possible.

We We are are currently currently[reviewing] reviewing all[all] suppliers suppliers with[with] a a view view to[to] estimate[estimate] their their environmental environmental impacts, impacts, expecting expecting all[all] suppliers suppliers[to] to comply comply with with applicable laws applicable laws and and regulations regulations in[in] place. place. Similarly, Similarly, we we expect expect our our suppliers suppliers to to

abide abide to[to] all[all] applicable applicable laws laws and and regulations regulations with with regards regards to[to] modern modern slavery, slavery, human human trafficking trafficking or or forced forced labour. labour.

The The['G'] ‘G’ in[in][ESG:] ESG: Governance Governance

The The Structure, Structure, governance governance and and management management section section in in the the Trustees Trustees report report sets sets out out details details on on the the charity's charity's governance governance and and school’s school's management management structures. structures.

ESG ESG reporting reporting

Going Going forward, forward, we we want want to to reflect reflect our our commitment commitment to to building building a a sustainable sustainable business business by by adapting adapting the the way way

we we report[report] about[about] our our charity’s[charity's] work.[work.][Therefore,] Therefore, starting[starting] with[with] our Trustee our Trustee Report Report 2022/23,[2022/23,] we we will will be be aligning aligning our our performance performance with with the the UN[I-JN] Sustainable Sustainable Development Development Goals Goals (SDGs). (SDGs).

20 20

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL STATEMENT STATEMENT OF OF TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPONSIBILITIES REPONSIBILITIES FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

Parayhouse Parayhouse School’s School's ESG ESG ambitions ambitions No No means means exhaustive exhaustive and and very very much much aspirational aspirational realising realising that that we we are are at at the the start start of of a a long long journey, journey, but but we we aspire aspire to to transform transform school school values values and and champion champion sustainable sustainable behaviours behaviours through through a a number number of[of] broad broad ambitions ambitions to to include:[include:]

» Trustee Trustee governors governors and and the the senior senior leadership leadership team team of of the the school school to to lead lead by by example example and and support support the the drive drive[to] to embed embed culture culture change change across across the the school, school, including including to to ensure ensure that that relevant relevant sustainability sustainability issues issues feature feature on on the the agenda agenda[of] of Full Full Board Board and and sub-committee sub-committee meeting, meeting, where where relevant relevant — — in in effect effect applying applying an an ESG ESG[lens] lens[to] to[all] all we we do,[do,] as as well[well] as as continuing[continuing] to[to] embed[embed] and and promote promote a[a] strong strong compliance compliance culture culture across across the[the][school.] school.
» Continue Continue to[to] promote promote staff staff engagement engagement (surveys, (surveys, conversations conversations etc.), etc.), an an inclusive inclusive (“speak-up”) ("speak-up") culture, culture, diversity, diversity, empowerment empowerment (offer (offer leadership leadership opportunities), opportunities), remain remain committed committed to to fair fair and and equal equal pay, pay, and and create create an an attractive attractive workplace workplace[that] that aids aids staff staff well-being well-being (mental (mental health) health) as as much much as as possible. possible.
» Aim Aim to to put put together together a a “climate "climate action action plan”,[plan",] which which aligns aligns with with the the DfE’s DfE's sustainability sustainability and and climate climate change change strategy, strategy, including including an an appropriate[appropriate] teaching teaching plan plan to to incorporate incorporate climate climate change change in in our our curriculum, curriculum, where where possible, possible, with with the the aim aim of[of][inspiring] inspiring our our students. students. The The latter latter should should include include integrating integrating student student views views on on how how the the school school is is run run sustainably, sustainably, which which should should hopefully hopefully motivate motivate the the students students to to improve improve environmental environmental awareness, awareness, which which in[in] turn[turn] might might include include projects projects on on biodiversity,[biodiversity,] making making use use of[of] our our external[external] space. space.
Step Step up up efforts efforts to to engage engage with with parents parents and and carers, carers, as as well[well] as as other other external external stakeholders, stakeholders, to to drive drive change. change.
» Engage Engage[with] with other[other][schools] schools to to learn learn from from best best practice practice on on various various ESG ESG issues, issues, as as well well as as access access government government resources resources and and tools. tools.
» Explore Explore the the[potential] potential to to become become signatories signatories to to various various initiatives, initiatives, pledges pledges and and accreditations. accreditations. >» Better Better understand understand our our energy energy usage usage and and conduct conduct an an energy energy audit, audit, to to target target where where we we can can save save energy energy and and develop develop a a plan plan to[to] encourage encourage good good practices practices and and behaviours behaviours in in all all those those who who use use the the school. school. This This might might include include promoting promoting and and facilitating facilitating more more environmentally-friendly environmentally-friendly travel travel for for staff staff and and students students to to and and from from school, school, as as well[well] as as a a comprehensive comprehensive review[review] of[of] energy energy usage, usage, waste waste and and recycling,[recycling,] paper paper and and printing, printing, food food and and food food waste waste and and water water usage usage within within the the school. school.
» Continue Continue[to] to focus focus on on maintaining maintaining the the strength strength of[of] our our balance balance sheet sheet and and financial[financial] position position that[that] provide provide the the security security and and stability stability to[to] support support the the school school as as a a going going concern concern over over the the long-term long-term and and help help make make it[it] resilient resilient to to various various risks. risks. We We are are acutely acutely aware aware of[of] our our 40-year 40-year history history and and our our stewardship stewardship of[of] its[its] legacy. legacy.

21 21

INDEPENDENT INDEPENDENT AUDITORS' AUDITORS’ REPORT REPORT TO TO THE THE[MEMBERS] MEMBERS OF OF PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

Opinion Opinion

We We have have audited[audited][the] the[financial] financial statements statements of[of] Parayhouse Parayhouse School School[for] for the[the] year year ended ended 31 31 August August 2023[2023] which[which]

comprise comprise the the Statement Statement[of] of Financial Financial Activities, Activities, Balance Balance Sheet,[Sheet,] Statement Statement of[of] Cash Cash Flows, Flows, and and notes notes to to the the financial financial statements, statements, including including a a summary summary of of significant significant accounting accounting policies. policies. The The financial financial reporting reporting framework framework[that] that has has been been applied applied in in their their preparation preparation is is applicable applicable law law and and United United Kingdom Kingdom Accounting Accounting

Standards, Standards, including including Financial Financial Reporting Reporting Standard Standard 102 102 The The Financial Financial Reporting Reporting Standard Standard applicable applicable in in the the

UK UK and Republic and Republic of of Ireland Ireland (United (United Kingdom Kingdom Generally Generally Accepted Accepted Accounting Accounting Practice). Practice).

In In our our opinion, opinion, the the[financial] financial statements: statements: e give give a a[true] true and and fair fair view view of[of] the the state state of[of] the the charitable charitable company's company’s affairs affairs as as at[at] 31 31 August August 2023 2023 and and of[of] the the charitable charitable company’s company's net net movement movement[in] in funds, funds, including including the the income income and and expenditure, expenditure, for for the the year year then then ended; ended;
e • have have been been properly properly prepared prepared in[in] accordance accordance with with United IJnited Kingdom Kingdom Generally[Generally] Accepted Accepted Accounting Accounting Practice; Practice; and and
• e have have been been prepared prepared in[in] accordance accordance with with the the requirements requirements of[of] the the Companies Companies Act Act 2006. 2006.

Basis Basis for for opinion opinion We We conducted conducted our our[audit] audit[in] in accordance accordance[with] with International[International] Standards Standards on on Auditing[Auditing] (UK)[(IJK)] (ISAs[(ISAs] (UK))[(I-JK))] and and applicable applicable law. law. Our Our responsibilities responsibilities under under those those standards standards are are further further described described in in the the Auditor's Auditor's responsibilities responsibilities for for the the audit audit of of the the financial financial statements statements section section of of our our report. report. We We are are independent independent of of the the charity charity in[in] accordance accordance with with the the ethical[ethical] requirements requirements that[that] are are relevant relevant to to our our audit audit of of the the financial[financial] statements statements in in the the[I-JK,] UK, including including the the FRC's FRC's Ethical Ethical Standard, Standard, and and we we have have fulfilled fulfilled our our other other ethical ethical responsibilities responsibilities in in accordance accordance[with] with[these] these requirements.[requirements.] We We believe[believe] that[that] the[the] audit[audit] evidence evidence we we have have obtained[obtained] is[is] sufficient sufficient and and appropriate appropriate to to provide provide a a basis basis for for our our opinion. opinion. Conclusions Conclusions relating relating to to going going concern concern In In auditing auditing the the financial[financial] statements, statements, we we have have concluded concluded[that] that the the trustee trustee governors governors use use of[of] the the going going concern concern basis basis[of] of accounting accounting in in the the preparation preparation of of the the financial financial statements statements is is appropriate. appropriate.

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

Our Our responsibilities[responsibilities] and[and] the the[responsibilities] responsibilities of[of] the the trustee trustee governors governors with with respect respect to to going going concern concern are are described described[in] in the the relevant relevant sections sections of of this this report. report.

Other Other information information The The trustee trustee governors governors are are responsible responsible for for the the other other information. information. The The other other information information comprises comprises the the information information included included in in the the Trustee Trustee Governors’ Governors' Report. Report. Our Our opinion opinion on on the the financial financial statements statements does does not not cover cover[the] the[other] other[information] information and, and,[except] except to[to] the the extent extent otherwise[otherwise] explicitly explicitly stated stated in in our our report, report, we we do do not not express express any any[form] form[of] of assurance assurance[conclusion] conclusion thereon.[thereon.] In In connection connection with with our our audit audit of of the the financial financial statements, statements, our our responsibility responsibility is is to to read read the the other other information information and, and, in in doing doing so, so, consider consider whether whether the the other other information information is is materially materially inconsistent inconsistent with with the the financial financial statements statements or or our our knowledge knowledge obtained obtained in in the the audit audit or or otherwise otherwise appears appears to to be be materially materially misstated. misstated. If If we we identify identify such such material material inconsistencies inconsistencies or or apparent apparent material material misstatements, misstatements, we we are are required required to to determine determine whether whether there there is is a a material material misstatement misstatement in[in] the the financial financial statements statements or or a a material material misstatement misstatement of of the the other other information. information. If,[If,] based based on on the the work work we we have have performed, performed, we we conclude conclude that that there there is is a a material material misstatement misstatement of of this this other other information, information, we we are are required required to to report report that that fact. fact. We We have have nothing nothing to to report report in in this this regard. regard. Opinions Opinions on on other other matters matters prescribed prescribed by by the the Companies Companies Act 2006 Act 2006 In In our our opinion, opinion, based based on on the the work work undertaken undertaken in in the the course course of of the the audit: audit: e • the the information information given given in in the the Trustee Trustee Governors' Governors’ Report Report (which (which includes includes the the directors’ directors' report report prepared prepared for for the the purposes purposes of[of] company company law) law) for for the the financial financial year year for which for which the the financial financial statements statements are are prepared prepared is is consistent consistent with with the the[financial] financial statements; statements; and and • e the the[directors'] directors’ report report included included within within the the Trustee Trustee Governors' Governors’ Report Report has has been been prepared prepared in in accordance accordance with with applicable applicable legal[legal] requirements. requirements.

22 22

INDEPENDENT INDEPENDENT AUDITORS’ AUDITORS' REPORT REPORT TO TO THE THE MEMBERS MEMBERS OF OF PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

Matters Matters on on which which we we are are required required to to report[report] by by exception exception In In the the light light of[of] the the knowledge knowledge and and understanding understanding of of the the charitable charitable company company and and its its environment environment obtained obtained in in the the course course[of] of the[the] audit, audit, we we have have not[not] identified identified material material misstatements misstatements in in the the Trustee Trustee Governors’ Governors' Report Report (which (which[incorporates] incorporates the the directors’ directors' report). report).

We We have have nothing nothing to to report report in in respect respect of[of] the the following following matters matters in in relation relation to to which which the the Companies Companies Act Act 2006 2006 requires requires us us to to report report to to you you if,[if,][in] in our our opinion: opinion: e adequate adequate accounting accounting records records have have not not been been kept kept by by the the charitable charitable company; company; or or e • the the charitable charitable company company financial[financial] statements statements are are not not in[in] agreement agreement with with the the accounting accounting records records and and returns; returns; or or
e certain certain disclosures disclosures of[of] trustees’ trustees' remuneration remuneration specified specified by by law law are are not not made; made; or or ° we we have[have] not[not] received[received] all[all] the[the] information[information] and[and] explanations[explanations] we we require[require] for[for] our our audit;[audit;] or or e the the trustee trustee governors governors were were not not entitled entitled to[to] prepare prepare the the financial[financial] statements statements in in accordance accordance with with the the small small companies’ companies' regime regime and and take take advantage advantage of[of] the the small small companies’ companies' exemptions exemptions in[in] preparing preparing the the Trustee Trustee Governors’[Governors'] report report and and from from the[the] requirement requirement to[to] prepare prepare a a strategic[strategic] report.[report.]
Responsibilities Responsibilities of of Trustee Trustee Governors Governors for for the the financial financial statements statements As As explained explained more more fully fully in[in] the the trustee trustee governors’ governors' responsibilities responsibilities statement statement set set out out on on page page 17, 17, the the trustee trustee governors governors[(who] (who are are also[also] the[the] directors[directors] of[of] the[the] charitable[charitable] company company for[for] the[the] purposes purposes of[of] company company law)[law)] are are responsible responsible for for the the preparation preparation of[of] the the financial[financial] statements statements and and for for being being satisfied[satisfied] that[that] they they give give a a true[true] and and fair fair view, view, and and for for such such internal internal control control as as the the trustee trustee governors governors determine determine is is necessary necessary to to enable enable the the preparation preparation of[of] financial[financial] statements statements that that are are free[free] from from material material misstatement, misstatement, whether whether due due to to fraud fraud or or error. error.

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

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

Irregularities, Irregularities, including including fraud, fraud, are are instances instances of of non-compliance non-compliance with with laws laws and and regulations. regulations. We We design design procedures procedures in in line line with with our our responsibilities, responsibilities, outlined outlined above, above, to to detect detect material material misstatements misstatements in in respect respect of of irregularities, irregularities, including including fraud. fraud. The The extent extent[to] to which which our our procedures procedures are are capable capable of[of] detecting detecting irregularities, irregularities, including including fraud fraud is[is] detailed detailed below: below:

Based Based on on our our understanding understanding of of the the charitable charitable company company and and the the environment environment in in which which it it operates, operates, we we identified identified[that] that the the principal[principal] risks risks of[of] non-compliance non-compliance with with laws laws and and regulations regulations related related to to the the regulatory regulatory requirements requirements of[of] the the Charity Charity Commission, Commission, and and we we considered considered the the extent extent to[to] which which non-compliance non-compliance might might have have a a material material effect[effect] on on the the financial[financial] statements. statements. We We also also considered considered those those laws laws and and regulations regulations that[that] have have a a direct direct impact impact on on the the preparation preparation[of] of the the financial[financial] statements statements such such as as the the Companies Companies Act 2006, Act 2006, the the Charities Charities Act Act 2011, 201[1,] and and UK[I-JK][tax] tax law.[law.]

We We evaluated[evaluated] management's management's incentives incentives and and opportunities opportunities for for fraudulent fraudulent manipulation manipulation of of the the financial financial statements statements (including (including the the risk risk of[of] override override of[of] controls),[controls),] and and determined determined that[that] the the principal[principal] risks[risks] were were related related to to posting posting inappropriate inappropriate journal journal entries entries and and management management bias bias in in certain certain accounting accounting estimates estimates and and

judgements judgements such such as as the the recognition recognition of[of] income income from from legacies legacies and and grants. grants. Audit Audit procedures procedures performed performed by by the the engagement engagement team team included: included:

e Inspecting Inspecting correspondence correspondence with with regulators regulators and and tax tax authorities; authorities; e Discussions Discussions with with management management including including consideration consideration of[of] known known or or suspected suspected instances[instances] of[of] nonnoncompliance compliance with[with] laws laws and and regulation regulation and and fraud; fraud;
e Evaluating Evaluating management's management's controls controls designed designed to[to] prevent prevent and and detect detect irregularities; irregularities;

23 23

INDEPENDENT INDEPENDENT AUDITORS’ AUDITORS' REPORT REPORT TO TO THE THE MEMBERS[MEMBERS] OF OF PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

e Reviewing Reviewing minutes minutes of[of] all[all] Trustee Trustee Governor Governor meetings meetings during during the the year; year; e Identifying Identifying and and testing testing journals, journals, in in particular particular journal journal entries entries posted posted with with unusual unusual account account combinations, combinations, postings postings by by unusual unusual users users or or with with unusual unusual descriptions; descriptions; and and
e Challenging Challenging assumptions assumptions and and judgements judgements made made by by management management in in their their critical critical accounting accounting estimates estimates
Because Because of of the the inherent inherent limitations limitations of[of] an an audit, audit, there there is[is] a a risk risk that[that] we we will will not not detect detect all[all] irregularities, irregularities, including including those those leading leading to to a a material material misstatement misstatement[in] in the the financial[financial] statements statements or or non-compliance non-compliance with with regulation.[regulation.] This This risk risk increases increases the the more more that that compliance compliance with with a a law law or or regulation regulation is is removed removed from from the the events events and and transactions transactions reflected reflected in[in] the the financial[financial] statements, statements, as as we we will will be be less[less] likely likely to to become become aware aware of[of] instances instances of[of] non-compliance. non-compliance.[The] The[risk] risk[is] is[also] also greater[greater] regarding[regarding] irregularities[irregularities] occurring[occurring] due due to[to] fraud[fraud] rather[rather] than[than] error, error, as as fraud fraud involves involves intentional[intentional] concealment, concealment, forgery,[forgery,] collusion,[collusion,] omission omission or or misrepresentation. misrepresentation. A A further further description description of of our our[responsibilities] responsibilities for for the the audit audit of[of] the the financial[financial] statements statements is is located located on on the the Financial Financial Reporting Reporting Council's Council's website website at: at: www.frc.org.uk/auditorsresponsibilities. www.frc.org.uk/auditorsresponsibilities. This This description description forms forms part part of[of] our our auditor's auditor's[report.] report.

Use Use of[of] our our report[report]

This This report report is[is] made made solely solely to[to] the the charitable charitable company's company's members, members, as as a a body, body, in[in] accordance accordance with with Chapter Chapter 3 3 of of Part Part 16 16 of of the the Companies Companies Act Act 2006. 2006. Our Our audit audit work work has has been been undertaken undertaken so so that that we we might might state state to to the the charitable charitable company's company's members members those those matters matters we we are are required required to to state state to to them them in in an an Auditor's Auditor's report report and and for for no no other other purpose. purpose. To To the the fullest fullest extent extent permitted permitted by by law,[law,] we we do do not not accept accept or or assume assume responsibility responsibility to to anyone anyone[other] other than[ than] the[the][charitable] charitable company company and[and] the[the] charitable charitable company's[company's] members,[members,] as as a a body,[body,] for[for] our our audit[audit] work, work, for for this this report, report, or or for for the the opinions opinions we we have have formed. formed.

Haralambos Haralambos Hambi Hambi (Senior (Senior Statutory Statutory Auditor) Auditor) for for and and on on behalf behalf of[of] Alpha Alpha Accountants Accountants (London) (London) Limited,[Limited,] Statutory Statutory Auditor Auditor

585a 585a Fulham Fulham Road Road

Fulham Fulham London London SW6 SW6 51JA 5UA Date: Date: 15 K Marty 202, 2-024 .

24 24

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

STATEMENT STATEMENT OF OF FINANCIAL FINANCIAL ACTIVITIES INCORPORATING ACTIVITIES INCORPORATING THE THE INCOME INCOME & & EXPENDITURE EXPENDITURE ACCOUNT ACCOUNT

FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2023 2023

		Unrestricted Unrestricted	Restricted Restricted	Total Total	Total Total
		Funds Funds	Funds Funds	2023 2023	2022 2022
	Notes Notes	£	£	£	£
INCOME FROM: INCOME FROM:
Donations, legacies and grants Donations, legacies and grants	4 4	533,003 533,003	169,911 169,911	702,914 702,914	629, 193 629,193
Charitable activities Charitable activities	5 5	1,018,889	-	1,018,889	954,369 954,369
Investments Investments	6 6	6,185 6,185	-	6,185 6,185	5,492 5,492
Other income Other income	7 t	69,801 69,801	-	69,801 69,801	92,012 92,012
Total income Total income		1,627,878	169,911 169,911	1,797,789 1,797,789	1,681 ,066 1,681,066
EXPENDITURE ON: EXPENDITURE ON:
Charitable activities Charitable activities	8 8	1,660,565 1,660,565	126,074 126,074	1,786,639	1,658,043
Total expenditure Total expenditure		1,660,565 1,660,565	126,074 126,074	1,786,639	1,658,043
NET INCOME NETINCOME		(32,687) (32,687)	43,837 43,837	11,150 11,150	23,023 23,023
Transfers between funds Transfers between funds		-	-	-	-
NET MOVEMENT IN FUNDS NET MOVEMENT IN FUNDS		(32,687) (32,687)	43,837 43,837	11,150 11,150	23,023 23,023
RECONCILIATION OF FUNDS RECONCILIATION OF FUNDS
Fund balances brought forward Fund balances brought forward
At 1 September 2022 At 1 September 2022		1,465,923	123,698 123,698	1,589,621 1,589,621	1,566,598
Fund balance carried forward Fund balance carried forward
At 31 August 2023 At31August2023		1,433,236	167,535 167,535	1,600,771 1,600,771	1,589,621

The The notes notes on on pages pages 28 28[to] to 40 40 form form[part] part of[of] these these financial[financial] statements.[statements.]

25 25

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL BALANCE BALANCE SHEET[SHEET] AT AT[31] 31[AUGUST] AUGUST[ 2023] 2023

		2023 2023	2022 2022
	Note Note	£	£
FIXED ASSETS FIXED ASSETS
Tangible assets Tangible assets	13 13	144,172 144,172	167,654 167,654
CURRENT ASSETS CURRENTASSETS
Debtors Cash at bank and in hand Debtors Cash at bank and in hand	14 14	30,292 1,818,839 30,292 1,818,839	32,883 32,883 1,694,245
		1,849,131 1,849,131	1,727,128 4f27,128
CREDITORS CREDITORS
Amounts falling due within one year Amounts falling due within one year	15 15	(392,532) (392,532)	(305,161) (305,161)
NET CURRENTASSETS NET CURRENTASSETS		1,456,599	1 ,421 ,967 1,421,967
NET ASSETS NETASSETS		1,600,771	1,589,621 1,589,621
THE FUNDS OF THE CHARITY THE FUNDS OF THE CHARITY
Restricted funds Restricted funds	16 16	167,535 167,535	123,698 123,698
Unrestricted funds Unrestricted funds		1,433,236	1,465,923
TOTALCHARITY FUNDS TOTALCHARITYFUNDS		1,600,771	1,589,621

The The company company is[is] entitled entitled[to] to the the exemption exemption from from the the audit audit requirement requirement contained[contained] in[in] section section 477 477 of[of] the the Companies Companies Act Act 2006, 2006, for for the the year year ended ended 31st 31st August August 2023, 2023, although although an an audit audit has has been been carried carried out out under under section section 144 144 of[of] the the Charities Charities Act Act 2011. 2011. No No member member of[of] the the company company has has deposited[deposited] a a notice, notice, pursuant pursuant to[to] section section 476,[476,] requiring requiring

an an[audit] audit of[of] these[these][financial] financial statements[statements] under[under] the[the] requirements[requirements] of[of] the[the] Companies Companies Act[Act] 2006.[2006.]

The The Trustees Trustees responsibilities[responsibilities] for for ensuring ensuring that[that] the the charity[charity] keeps keeps accounting accounting records records which which comply comply with[with] section section 386 386 of[of] the the Act Act and and for for preparing preparing accounts accounts which which give give a a true[true] and and fair fair view view of[of] the the state state of[of] affairs affairs of[of] the the company company as as[at] at[the] the end[end] of of the[the] financial[financial] year year and[and] of[of] its[its] incoming[incoming] resources resources and and applications applications of of resources resources including including its its income income and and expenditure expenditure for for the the financial[financial] year year in[in] accordance accordance with with the the requirements requirements of[of] sections sections 394 394 and and 395 395 and and which which otherwise otherwise comply comply with with the the requirements requirements[of] of the the Companies Companies Act Act 2006 2006 relating relating to to accounts, accounts, so so far far as as applicable applicable[to] to[the] the company. company. The The[financial] financial statements statements have have been been prepared prepared in in accordance accordance with with the the provisions provisions applicable applicable to to companies companies subject subject to[to][the] the small[small][companies'] companies’[ regime.] regime. The The[financial] financial statements statements on on pages pages 25 25 to to 40 40 were were approved approved by by the the trustees trustees and and authorised authorised for for issued issued and and are are signed signed on on their their behalf behalf by:[by:]

Daniela Daniela Schwartz Schwartz (Mar (Mar 15, 15, 2024 2024 09:51 09:51 GMT) GMT) Steve SteveSteve Hussey Hussey (Mar[(Mar] ffwsey 15, 15: so 13:15 GMT) GMT) Ms Ms[D] D Schwartz Schwartz Mr S Mr[S] Hussey Hussey Trustee Trustee[Governor] Governor Trustee Trustee Governor Governor Dated: Dated: 14" 14th March March 2024 2024 Dated: Dated: 14'* 14th March March 2024 2024

26 26

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

STATEMENT STATEMENT OF OF CASH CASH FLOWS FLOWS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

----- Start of picture text -----
|||||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2023|2023|2022|2022| |£|£| |CASH|CASH|FLOWS|FLOWS|FROM|FROM|OPERATING|OPERATING|ACTIVITIES|ACTIVITIES| |Net|Net|income|income|for|for|the|the|year|year|11,150|11,150|23,019|23,019| |Adjustments|Adjustments|for|for| |Depreciation|Depreciation|65,260|65,260|57.437|57,437| |Investment|Investment|income|income|(6,185)|(6,185)|(5,489)|(5,489)| |Decrease|Decrease|[in]|in|stocks|[stocks]|-|=| |Increase/decrease|Increase/decrease|in|in|debtors|debtors|2,591|2,591|(1,295)|(1 ,295)| |Increase/decrease|Increase/decrease|in|in|creditors|creditors|87,371|87,371|136,624|136,624| |Net|Net|cash|cash|used|used|in|[in]|operating|operating|activities|activities|160,187|160,187|210,296|210,296| |CASH|CASH|FLOWS|FLOWS|FROM|FROM|INVESTING|INVESTING|ACTIVITIES|ACTIVITIES| |Investment|Investment|income|income|6,185|6,185|5,489|5,489| |Purchase|Purchase|of tangible|[of]|tangible|assets|assets|(42,209)|(42,209)|(81,385)|(81 ,385)| |Sale|Sale|of|[of]|tangible|tangible|[fixed]|fixed|assets|assets|431|431|669|669| |Net|Net|cash|cash|(used|(used|in)/provided|in)/provided|by|by|investing|investing|activities|activities|(35,593)|(35,593)|(75,221)|(75,221)| |CHANGE|CHANGE|IN|[IN]|CASH|CASH|AND|AND|CASH|CASH|EQUIVALENTS|EQUIVALENTS|IN|[IN]|THE|THE| |REPORTING|REPORTING|PERIOD|PERIOD|124,594|124,594|135,075|135,075| |Cash|Cash|and|and|cash|cash|equivalents|equivalents|[at]|at|the|the|beginning|[beginning]|[of]|of the|the|reporting|reporting|period|[period]|1,694,245|1,559,170|1,559,170| |Cash|Cash|and|and|cash|cash|[equivalents]|equivalents|at|[at]|the|the|end|end|of|[of]|the|the|reporting|reporting|[period]|period|1,818,839|1,818,839|1,694,245|

----- End of picture text -----

27 27

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

1. 1. GENERAL GENERAL INFORMATION[INFORMATION]

The The charity charity (number (number[1090757)] 1090757) is[is] limited limited by[by] guarantee, guarantee, incorporated[incorporated] in[in] England England & & Wales Wales (number[(number] 04270330), 04270330), and and consequently consequently does does not not have have share share capital. capital. Each Each of[of] the the Trustee Trustee Governors Governors is[is] liable liable to[to] contribute contribute an an amount amount not not exceeding exceeding £10[E][ 10] towards towards the the assets assets of[of] the the charity[charity] in[in] the the event event of[of] liquidation. liquidation.

The The address address of[of][its] its registered registered office office is:[is:]

Hammersmith Hammersmith and and Fulham Fulham College[College] Gliddon Gliddon Road Road London London W14 W14 9BL 9BL

2. 2. ACCOUNTING ACCOUNTING POLICIES POLICIES

Accounting Accounting convention convention The The accounts accounts have have been been prepared prepared in[in] accordance accordance with with the the charity’s[charity's] governing[governing] document.[document.] the the Companies Companies Act Act[2006] 2006[and] and["Accounting] "Accounting and[and][Reporting] Reporting[by] by[Charities:] Charities: Statement[Statement] of[of] Recommended Recommended Practice[Practice] applicable[applicable] to[to] charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial Financial Reporting Reporting Standard Standard applicable applicable in in the the I-JK UK and and Republic Republic of of Ireland Ireland (FRS (FRS 102)" 102)" (as (as amended amended for for accounting accounting periods periods commencing commencing from from 1 1 January January 2019). 2019). The The charity charity is[is] a a Public Public Benefit Benefit Entity[Entity] as as defined defined by by FRS FRS 102. 102.

The The financial[financial] statements statements are are prepared prepared in[in] sterling. sterling. which which is[is] the the functional functional currency currency of[of] the the charity. charity. Monetary Monetary amounts amounts in[in] these these[financial] financial statements statements are are rounded rounded to[to] the the nearest[nearest] £.[E.]

The The[financial] financial statements statements have have been been prepared prepared under under the the historical historical cost cost convention, convention, modified modified to to Include Include the the

revaluation revaluation of[of] freehold freehold properties properties and and to to include include investment investment properties properties and and certain certain financial[financial] instruments instruments at at fair fair value. value. The The principal principal accounting accounting policies policies adopted adopted are are set set out out below. below.

Going Going concern concern At At the the time time[of] of approving approving the the accounts, accounts, the the Trustee Trustee Governors Governors have have a a reasonable reasonable expectation expectation that that the the charity charity has has adequate adequate resources resources to[to] continue continue in[in] operational operational existence existence for for the the foreseeable foreseeable future. future. Thus, Thus, the the Trustee Trustee Governors[Governors] continue[continue] to[to] adopt[adopt] the[the] going[going] concern concern basis[basis] of[of] accounting[accounting] in[in] preparing[preparing] the[the] accounts.[accounts,]

Charitable Charitable funds funds

Unrestricted Unrestricted funds funds are are available available for for use use at[at] the the discretion discretion of[of] the the Trustee Trustee Governors Governors in in furtherance furtherance or or their their charitable charitable objectives objectives unless unless the the fund fund have have been been designated designated for for other other purposes. purposes.

Restricted Restricted funds funds are are subject subject to to specific; specific; conditions conditions by by donors donors as as to to how how they they may may be be used. used. The The purposes purposes and and uses uses of[of] the the restricted[restricted] funds funds are are set set out out in[in] the the notes notes to to the the financial[financial] statements. statements.

Endowment Endowment funds[funds] are are subject subject to[to] specific specific conditions conditions by by donors donors that[that] the the capital capital must must be be maintained maintained by by the the charity. charity.

Income Income Income Income is[is] recognised recognised when when the the charity[charity] is is legally legally entitled entitled to to it[it] after after any any performance performance conditions conditions have have been been met. met. The The amounts amounts can can be be measured measured reliably, reliably, and and it[it] is is probable probable that that income income will will be be received. received. Cash Cash donations donations are are recognised recognised on on receipt. receipt. Other Other donations donations are are recognised recognised once once the the charity charity has has been been notified notified of of the the donation donation unless unless performance performance conditions conditions require require deferral deferral of of the the amount. amount. Income Income tax tax recoverable recoverable in in relation relation to to donations donations received received under under Gift Gift Aid Aid or or deeds deeds of of covenant covenant is is recognised recognised at at the the time time of of the the donation. donation. Legacies Legacies are are recognised recognised on on receipt receipt or or otherwise[otherwise] if if the the charity charity has has been been notified notified of of an an impending impending distribution, distribution, the the amount amount is is known, known, and and receipt receipt is is expected. expected. If If the the amount amount is is not not known, known, the the legacy legacy is is treated treated as as a a contingent[contingent] asset. asset.

28 28

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2023 2023

2. 2. ACCOUNTING ACCOUNTING POLICIES POLICIES (Continued) (Continued)

Turnover Turnover is[is] measured[measured] at[at][the] the fair[fair] value[ value] of[of] the[ the] consideration[consideration received] received or[or] receivable receivable and[and] represents[represents] amounts amounts receivable receivable[for] for[goods] goods[and] and services[services] provided[provided] in[in] the[the] normal[normal] course course of[of] business.[business.] net[net] of[of] discounts,[discounts,] VAT VAT and and other other sales sales related related taxes. taxes.

Expenditure Expenditure

Expenditure Expenditure is is accounted accounted for for on on an an accruals accruals basis basis and and has has been been included included under under expense expense categories categories that[that] aggregate aggregate all[all] costs costs for for allocation[allocation] to[to] activities. activities. Where Where costs costs cannot cannot be be directly directly attributed[attributed] to[to] activities, activities, they they have have been been allocated allocated on on a a basis basis consistent consistent with with the the use use of[of] the the resources. resources.

Support Support costs costs are are those those costs costs incurred incurred directly directly in in support support of[of] expenditure expenditure on on the the objects objects of[of] the the company company and and include include project project management management carried carried out out at at the the School School Governance Governance costs costs are are those those incurred incurred in in connection connection with with administration administration of of the the company company and and compliance compliance with with constitutional constitutional and and statutory statutory requirements. requirements. All All pension pension costs costs and and associated associated liabilities liabilities are are allocated allocated to to unrestricted unrestricted funds. funds.

Tangible Tangible fixed fixed assets assets Expenditure Expenditure is is accounted accounted for for on on an an accruals accruals basis basis and and has has been been included included under under expense expense categories categories that that aggregate aggregate[all] all costs costs for for allocation[allocation] to[to] activities. activities. Where Where costs costs cannot cannot be be directly directly attributed attributed to[to] activities, activities, they they have have been been allocated allocated on on a a basis basis consistent consistent with with the the use use of[of] the the resources. resources.

Support Support costs costs are are those those costs costs incurred incurred directly directly in[in] support support of[of] expenditure expenditure on on the the objects objects of[of] the the company company and and include include project project management management carried carried out out at at the the School School Governance Governance costs costs are are those those incurred incurred in in connection connection with with administration administration of of the the company company and and compliance compliance with with constitutional constitutional and and statutory statutory requirements. requirements. Leasehold Leasehold improvements[improvements] Over Over the[the] life[life] of[of] the[the] leasehold[leasehold] Plant Plant and and machinery machinery 25% 25% straight[straight] line line Fixtures, Fixtures, fittings fittings & & equipment equipment 25% 25% straight[straight] line line Motor Motor vehicles vehicles 20% 20% straight[straight] line line

Impairment Impairment of of fixed fixed assets assets At At each each reporting reporting end end date, date, the the charity charity reviews reviews the the carrying carrying amounts amounts of[of] its its tangible tangible assets assets to[to] determine determine whether whether there there[is] is any any indication[indication][that] that those those assets assets have have suffered suffered an an impairment impairment loss. loss. If[If] any any such such indication[indication] exists, exists, the the recoverable recoverable amount amount of[of] the the asset asset is[is] estimated[estimated] in[in] order[order] to[to] determine determine the the extent extent of[of] the the impairment impairment loss loss (if (if any). any).

Intangible Intangible assets assets with[with] indefinite indefinite useful useful lives lives and and intangible intangible assets assets not not yet yet available available for for use use are are tested tested for for impairment impairment annually, annually, and and whenever whenever there there is[is] an an indication indication that[that] the the asset asset may may be be impaired. impaired.

Cash Cash and and cash cash equivalents equivalents Cash Cash and[and] cash[cash] equivalents[equivalents] include[include] cash[cash] in[in] hand,[hand,] deposits[deposits] held[held] at[at] call[call] with[with] banks. banks. other[other] short-term[short-term] liquid[liquid] investments investments with[with] original original maturities maturities of of three three months months or or less, less, and and bank bank overdrafts. overdrafts. Bank Bank overdrafts overdrafts are are shown shown within within borrowings borrowings in[in] current current liabilities. liabilities.

29 29

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

2. 2. ACCOUNTING ACCOUNTING POLICIES POLICIES (Continued) (Continued)

Financial Financial instruments instruments The The charity charity has has elected elected to[to] apply[apply] the the provisions provisions of[of] Section[Section] 11[11] ‘Basic 'Basic Financial Financial Instruments'[Instruments' and] and Section Section 12[12] ‘Other 'Other Financial Financial Instruments[Instruments] Issues' Issues' of[of] FRS FRS 102[102] to[to] all[all] of[of] its[its] financial[financial] instruments. instruments.

the theFinancial Financialcontractual contractual[instruments] instrumentsprovisions provisions are are of[of] recognised recognised the the instrument. instrument. in[in] the[the] -- • charity's[charity's] • -balance[•balance] sheet[sheet] when[when] the[the] charity[charity] becomes[becomes] party[party] to[to] Financial Financial assets assets and and liabilities liabilities are are offset offset with[with] the the net[net] amounts amounts presented presented in[in] the the financial[financial] statements, statements, when when there there is[is] a a legally legally[enforceable] enforceable right right to[to] set set off off the the recognised recognised amounts amounts and and there there is[is] an an intention[intention] to[to] settle settle on on a a[net] net[basis] basis or or[to] to realize[realize][the] the asset asset and[and] settle[settle][the] the liability[liability] simultaneously.[simultaneously.]

Financial Financial assets assets and and liabilities liabilities Basic Basic financial[financial] assets, assets, which which include include debtors debtors and and cash cash and and bank bank balances, balances, are are initially initially measured measured at at transaction transaction price price including including transaction transaction costs costs and and are are subsequently subsequently carried carried at[at] amortised amortised cost cost using[using] the the effective effective interest interest method method unless unless the the arrangement arrangement constitutes constitutes a a financing financing transaction, transaction, where where tile tile transaction transaction is is measured measured at at the the present present value value of[of] the the future future receipts receipts discounted discounted at at a a market market rate rate of[of] interest. interest. Financial Financial assets assets Classified Classified as as receivable receivable within within one one year year are are not not amortised. amortised.

Basic Basic[financial] financial liabilities, liabilities, including including creditors creditors and and bank bank loans[loans] are are initially initially recognised recognised at at transaction transaction price price unless unless the the arrangement arrangement constitutes constitutes a a financing financing transaction, transaction, where where the the debt debt instrument instrument is is measured measured at at the the present present value[value] of[of] the the future future payments payments discounted[discounted] at[at] a a market market rate[rate] of[of] interest. interest. Financial Financial liabilities liabilities as as payable payable within within one one year year are are not not amortised.[amortised.] Debt[Debt] instruments instruments are are subsequently subsequently carried[carried] at[at] amortised[amortised] cost.[cost.] using[using] the the effective effective interest interest rate rate method method

Trade Trade creditors[creditors] are are obligations[obligations] to[to] pay pay for[for] goods[ goods] or or services services that[that] have[have] been[been] acquired[acquired] in[in] the[the] ordinary[ordinary] course course of of operations operations from from suppliers. suppliers. Amounts Amounts payable payable are are classified classified as as current current liabilities. liabilities. if if payment payment is is due due within within one one year year or or[less.] less. If[If][not,] not,[they] they are are[presented] presented as as non-current[non-current] liabilities[liabilities] trade[trade] creditors[creditors] are are recognised[recognised] initially[initially] at at transaction transaction price price and and subsequently subsequently measured measured at at amortised amortised cost cost using using the the effective effective interest interest method. method.

Financial Financial liabilities[liabilities] are are derecognised derecognised when[when] the[the] charity's[charity's] contractual[contractual] obligations[obligations] expire expire or or are are discharged discharged or or cancelled. cancelled.

Employee Employee benefits[benefits] The The cost cost of[of] any any unused unused holiday holiday entitlement entitlement is is recognised recognised in[in] the the period period in in which which the the employee's employee's services services are are received. received.

Termination Termination benefits[benefits] are are[recognized] recognized immediately immediately as as an an expense expense when when the the charity charity is is demonstrably demonstrably committed committed to to terminate terminate the the employment employment of[of] an an employee employee or or to to provide provide termination termination benefits. benefits. -

Retirement Retirement benefits benefits Payments Payments[to] to[defined] defined[contribution] contribution retirement retirement benefit benefit schemes schemes are are charged charged as as an an expense expense as as they they fall fall due. due.

Leases Leases Leases Leases are are classified[classified] as as finance finance leases leases whenever whenever the the terms terms of of the the lease lease transfer transfer substantially substantially all all the the risks risks and and rewards rewards of[of] ownership ownership[to] to the the lessees. lessees. All All other other leases leases are are classified classified as as operating operating leases. leases. Assets Assetsof of inception inception[held] held[under] and underand the the finance[finance] present present leases[leases] value valueare areof of the the recognised recognised minimum minimumas aslease lease assets assets payments. payments. at[at] the the lower lower The The of[of] related related the the assets assets liability liability fair fair value value is is included included at at the the in in date date the the balance balance sheet sheet as as a a finance finance lease lease[obligation.] obligation. Lease Lease payments payments are are treated treated as as consisting consisting of of capital capital and and constant constantinterest interest elements. elements. periodic periodic rate rateThe Theof[of] interest[interest] interest interest is is on on charged charged the the remaining remainingto to net net income/(Expenditure) income/(Expenditure) balance balance of of the the liability. liability. for for - the the year year so so as as to to produce produce a a

30 30

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

3. 3. CRITICAL CRITICAL ACCOUNTING ACCOUNTING JUDGEMENTS JUDGEMENTS AND AND KEY KEY SOURCES SOURCES OF OF ESTIMATION ESTIMATION UNCERTAINTY UNCERTAINTY

In In the the application application of of the the charity's charity's accounting accounting policies, policies, the the Trustee Trustee Governors Governors are are required required to to make make judgements judgements estimates estimates and and assumptions assumptions about about the the carrying carrying amount amount of[of] assets assets and and liabilities liabilities that[that] are are not not readily readily apparent apparent from from other other sources. sources. The The estimates estimates and and associated associated assumptions assumptions are are based based on on historical historical experience experience and and other other factors factors[that] that are are considered considered to to be be relevant.[relevant.] Actual Actual results results may may differ differ from from these these estimates. estimates.

The The estimates estimates and and underlying underlying assumptions assumptions are are reviewed reviewed on on an an ongoing ongoing basis. basis. Revisions Revisions to[to] accounting accounting estimates estimates are are recognised recognised in[in] the the period period in in which which the the estimate estimate is is revised revised where where the the revision revision affects[affects] only only that[that] period, period, or or in[in] the the period period[of] of the the revision revision and and future future periods periods where where the the revision revision affects[affects] both both current current and and future future period. period.

1. DONATIONS, DONATIONS, LEGACIES LEGACIES & & GRANTS GRANTS

		Total Total	Total Total
		2023 2023	2022 2022
		a	ze
Donations and legacies Donations and legacies		720 720	850 850
Grants, including capital Grants, including capital	&government grants & government grants	702,194 702,194	628,343 628,343
		702,914 702,914	629,193 629,193

During During the the year, year, government government grant grant funding funding totalled totalled £702,194 E702,194 (2022: (2022: £628,342), E628,342), including including NonNon-

maintained maintained Special Special Schools Schools funding funding from from the the Education Education & & Skills Skills Funding Funding Agency, Agency, pupil[pupil] premium, premium, capital capital project project funding, funding, and and assistance assistance towards towards teachers’ teachers' pay pay costs. costs.

1. INCOME INCOME FROM FROM CHARITABLE CHARITABLE ACTIVITIES ACTIVITIES

5. 5.	INCOME FROM CHARITABLEACTIVITIES INCOME FROM CHARITABLE ACTIVITIES
		Total 2023 Total 2023	Total 2022 Total 2022
		&	£
	School fees receivable School fees receivable	1,018,889	954,369 954,369
		1,018,889 1,018,889	954,369 954,369
6. 6.	INVESTMENTS INVESTMENTS
		Total Total	Total Total
		2023 2023	2022 2022
		£	£:
	Interest receivable and similar income Interest receivable and similar income	6,185 6,185	5,489 5,489
		6,185 6,185	5,489 5,489

31 31

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

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

1. OTHER OTHER INCOME INCOME

7. 7.	OTHER INCOME OTHER INCOME
		Total Total	Total Total
		2023 2023	2022 2022
		£	£
	Other income Other income	46,427 46,427	69,937 69,937
	Lunch money Excursion money Lunch money Excursion money	23,148 406 23,148 406	22,075 22,075 -
		69,801 69,801	92,012 92,012
8. 8.	EXPENDITURE ON CHARITABLEACTIVITIES EXPENDITUREONCHARITABLEACTIVITIES

		Total 2023 Total 2023	Total 2022 Total 2022
		£	£
	Staff costs Staff costs	974,758 974,758	866,502 866,502
	Depreciation Courses Depreciation Courses	48,237 30,428 48,237 30,428	40,861 23,946 40,861 23,946
	Education materials Education materials	20,316 20,316	10,098 10,098
	Sport costs Sport costs	-	305 305
	Functions and outgoing Functions and outgoing	170 170	903 903
	Supportcosts (see note 9) Support costs (see note 9)	712,729 712,729	715,428 715,428
		1,786,638 1,786,638	1,658,043
9. 9.	SUPPORT COSTS SUPPORT COSTS
		Total Total	Total Total
		2023 2023	2022 2022
		£	£
	Staff costs Staff costs	220,589 220,589	214,873 214,873
	Depreciation School lunches Depreciation School lunches	17,023 26,432 17,023 26,432	16,576 36,537 16,576 36,537
	Insurance Insurance	22,326 22,326	15,986 15,986
	Caretaking costs Caretaking costs	1,208 1,208	1,742 1,742
	Hire of equipment Hire ofequipment	16,126 16,126	15,364 15,364
	Motor costs Motor costs	1 1 ,524 11,524	5,449 5,449
	Rent and rates Rent and rates	117,667 117,667	113,410 113,410
	Governance costs (see note 10) Governance costs (see note 10)	193,833 193,833	190,770 190,770
	Other expenditure Other expenditure	86,001 86,001	104,721 104,721
		712,729 712,729	715,428 715,428

32 32

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS(Continued) (Continued)

FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2023 2023

10. 10. GOVERNANCE GOVERNANCE COSTS COSTS

GOVERNANCE COSTS GOVERNANCE COSTS
	Total Total	Total Total
	2023 2023	2022 2022
	£	£
Staff costs Staff costs	165,432 165,432	162,693 162,693
Auditors remuneration Auditors remuneration
Statutoryaudit Statutory audit	12,000 12,000	9,600 9,600
Non-audit services Non-audit services	4,800 4,800	3,600 3,600
Accountancyfees Accountancy fees	1 1 ,601 11,601	14,877 14,877
	193,833 193,833	190,770 190,770

RELATED RELATED PARTY PARTY TRANSACTIONS[TRANSACTIONS]

No No Trustee Trustee Governors, Governors, nor nor any any persons persons connected connected with with them, them, have have received received any any remuneration remuneration from from the the charity charity during during the the year. year. Additionally,[Additionally,] no no Trustee Trustee Governors Governors have have received received any any reimbursed reimbursed expenses expenses

or or any any[other] other benefits[benefits] from[from] the[the] charity[charity] during[during] the[the] year. year.

There There were were no no[transactions] transactions or[or] balances balances with[with] related[related] parties[parties] during[during] the[the] year year requiring[requiring] disclosure disclosure (2022:[(2022:] none). none).

STAFF COSTS STAFF COSTS
	2023 2023	2022 2022
	£	£
Staff costs forthe above persons: Staff costs for the above persons:
Wages and salaries Wages and salaries	1,218,343	1,112,112 Paibai
Social security costs Social security costs	104,190 104,190	95,546 95,546
Other pension costs Other pension costs	38,246 38,246	36,410 36,410
	1,360,779 1,360,779	1,244,068

The monthlyaverage number of persons (including senior management team) employed by the charity during the yearexpressed as full-time equivalents was as follows: The monthlyaverage numberofpersons (including seniormanagementteam) employed bythe charity during the year expressed as full-time equivalents was as follows:
Average employees in the year 44 45 Average employees in the year 44 45
The number of employees whose emoluments fell within the following bands was: The number ofemployees whose emoluments fell within the following bands was:
2 2 £60,001-£70,000 2 2

The The total total remuneration remuneration of[of] the the key key management management personnel personnel of[of] the the[charity] charity were were £272,363[E272,363] (2022[(2022] - -

€239,151). £239,151).

33 33

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS(Continued) STATEMENTS (Continued) FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

13. 13. OPERATING OPERATING LEASE LEASE COMMITMENTS COMMITMENTS

As As[at] at[31st] 31st[August] August[2023] 2023[the] the school’s[school's] annual annual commitment[commitment] under[under] un-cancellable un-cancellable operating[operating] lease:[lease:]

							2023 2023	2022 2022
							£	£
Operating Operating	lease lease	which which	expired expired	within within	1 1	year year	79,051 79,051	79,051 79,051
							79,051 79,051	79,051 79,051

34 34

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS(Continued) (Continued)

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

14. 14. TANGIBLE TANGIBLE FIXED FIXED ASSETS ASSETS

		Leasehold Leasehold	Furniture and Furniture and	Motor Motor
		improvements improvements	equipment equipment	vehicles vehicles	Total Total
		£	£	£	£
	Cost: Cost:
	1 September2022 Additions Disposals 1 September 2022 Additions Disposals	214,027 27,442 214,027 27,442 -	214,014 14,767 (1,898) 214,014 14,767 (1,898)	30,172 30,172 - -	458,213 42,209 (1,898) 458,213 42,209 (1,898)
	31 August 2023 31 August 2023	241,469 241,469	226,883 226,883	30,172 30,172	498,524 498,524
	Depreciation: 1 September2022 Charge foryear Eliminated on disposal Depreciation: 1 September 2022 Charge foryear Eliminated on disposal	102,106 33,852 102,106 33,852 -	158,280 31,408 (1,466) 158,280 31,408 (1,466)	30,172 30,172 - ~	290,558 65,260 (1,466) 290,558 65,260 (1,466)
	31 August 2023 31 August 2023	135,958 135,958	188,222 188,222	30,172 30,172	354,352 354,352
	Net book value: Net book value:
	31 August 2023 31 August 2023	105,511 105,511	38,661 38,661	~	144,172 144,172
	31 August 2022 31 August 2022	111,921 111,921	55,734 55,734	-	167,655 167,655
14. 14,	DEBTORS DEBTORS
					2023 2023	2022 2022
					£	£
	Trade debtors Trade debtors				2,339 2,339	-
	Prepayments Accrued income Prepayments Accrued income				19,003 8,209 19,003 8,209	25,577 6,217 25,577 6,217
	Other debtors Other debtors				741 741	1 ,089 1,089
					30,292 30,292	32,882 32,882

35 35

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS(Continued) (Continued) FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2023 2023

15. 15. CREDITORS: CREDITORS: AMOUNTS AMOUNTS FALLING FALLING DUE DUE WITHIN WITHIN ONE ONE YEAR YEAR

	2023 2023	2022 2022
	£	£
Loans and borrowings Loans and borrowings	226 226	527 527
Trade creditors Trade creditors	29,472 29,472	25,940 25,940
Taxation and social security Taxation and social security	30,628 30,628	33,049 33,049
Accruals and deferred income Accruals and deferred income	22,797 22,797	30,011 30,011
Other creditors Other creditors	309,409 309,409	215,634 215,634
	392,532 392,532	305,161 305,161

36 36

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS(Continued) (Continued) FOR FOR THE THE YEAR YEAR ENDED ENDED 31 31 AUGUST AUGUST 2023 2023

16. 16. RESTRICTED RESTRICTED FUNDS FUNDS

		1 1			Transfers Transfers
	September 2022 September 2022		Income Income	Expenditure Expenditure	Between Funds Between Funds	31 August 2023 31 August 2023
		£	£	£	£		E.
Restricted funds Restricted funds
Breakfast Club Breakfast Club	2		E	-	-	-
School Condition Allocation (previously School Condition Allocation (previously	61,832 61,832		66,439 66,439	(41,542) (41,542)	-	86,729 86,729
Capital maintenance) Capital maintenance)
School Condition Allocation — Energy School Condition Allocation — Energy	-		14,874 14,874	(1,584) (1,584)		13,290 13,290
Efficiency Grant Efficiency Grant
Devolved Formula Capital PE & sports Pupil Premium Recovery Premium Devolved Formula Capital PE & Sports Pupil Premium Recovery Premium	16,982 19,434 6,163 7,250 16,982 19,434 6,163 7,250		6,692 8,000 28,501 23,778 6,692 8,000 28,501 23,778	(4,553) (13,971) (30,409) (19,752) (4,553) (13,971) (30,409) (19,752)	- - - ~	19,121 13,463 4,255 1 1 ,276 19,121 13,463 4,255 11,276
Teacher pay Teacher pension Teacher pay Teacher pension	12,037 - 12,037		12,950 12,950 -	(5,586) (5,586) -	- -	7,364 12,037 7,364 12,037
School Led Tutoring COVID-19 Vaccination School Led Tutoring COVID-19 Vaccination	- -		8,677 8,677 -	(8,677) (8,677) -	- -	- -
	123,698 123,698		169,911 169,911	(126,074) (126,074)	-	167,535 167,535
		1			Transfers Transfers
	September 2021 September 2021		Income Income	Expenditure Expenditure	Between Funds Between Funds	31 August 2022 31 August 2022
		£	£	£	E		£
Restricted funds Restricted funds
BreakfastClub Breakfast Club	763 763		-	-	(763) (763)	-
School Condition School Condition	122,621 122,621		7,917 7,917	(68,706) (68,706)	-	61,832 61,832
Allocation (previously Allocation (previously
Capital maintenance) Capital maintenance)
Devolved Formula Capital Devolved Formula Capital	20,252 20,252		2,806 2,806	(6,076) (6,076)	-	16,982 16,982
PE & sports PE & Sports	17,492 17,492		8,000 8,000	(6,058) (6,058)	-	19,434 19,434
Pupil Premium Pupil Premium	-		24,547 24,547	(18,384) (18,384)	-	6,163 6,163
Recovery Premium Recovery Premium	-		7,250 7,250	-	-	7,250 7,250
Teacher pay Teacher pay	-		11,033 11,033	(1 1 ,033) (11,033)	-	-
Teacher pension Teacher pension	-		30,576 30,576	(18,539) (18,539)	-	12,037 12,037
School Led Tutoring School Led Tutoring	-		10,046 10,046	(10,046) (10,046)	-	-
COVID-19 Vaccination COVID-19 Vaccination	-		1,036 1,036	(1,036) (1,036)	-	-
	161,128 161,128		103,211 103,211	(139,878) (139,878)	(763) (763)	123,698 123,698

Breakfast Breakfast club club Kellogg's Kellogg's Breakfast Breakfast Ltd[Ltd] provided provided grants grants to[to] schools schools to[to] help help fund fund Breakfast Breakfast Clubs Clubs for for pupils pupils who who were were primarily primarily entitled entitled to to Free Free School School Meals/Pupil Meals/Pupil Premium. Premium. There There is[is] a a clear clear link link between between students students who who have have eaten eaten breakfast breakfast and and attendance/attainment. attendance/attainment.

School School Condition Condition Allocation[Allocation] (previously (previously known known as as Capital[Capital] maintenance) maintenance) Ensures Ensures premises premises are are fit[fit] for for purpose purpose and and remain remain in[in] good good repair repair and and enable enable improvements improvements for for the the benefit benefit of[of] the the pupils. pupils.

37 37

Devolved Devolved Formula Formula Capital[Capital] The The Devolved Devolved Formula Formula Capital Capital grant grant enables enables works works to[to] update update infrastructure,[infrastructure,] the the purchase purchase of[of] classroom classroom and[and] IT[IT] equipment[equipment] to[to][further] further learning.[learning.]

PE PE & & Sports Sports

The The Sports Sports and and PE[PE] grant grant is[is] a a DfE DfE grant grant that[that] facilitates[facilitates] the the purchase purchase of[of] sports sports equipment,[equipment,] training training and and

attendance attendance at[at] sporting sporting events events to[to] develop develop the the sporting sporting skills skills of[of] the the pupils. pupils.

Pupil Pupil Premium Premium

The The Pupil Pupil Premium Premium grant grant is[is] funding funding to[to] improve improve education[education] outcomes outcomes for for disadvantaged disadvantaged pupils pupils in[in] schools schools in[in] England. England. Evidence[Evidence] shows[shows] that[that] disadvantaged disadvantaged children[children] generally[generally] face[face] additional[additional] challenges[challenges] in in reaching reaching their their potential potential at at school school and and often often do do not not perform perform as as well[well] as as other other pupils. pupils.

Recovery Recovery Premium Premium

The The Recovery Recovery Premium Premium grant grant is[is] part[part] of[of] the the governments governments package package of[of] funding funding to[to] support support pupils pupils whose whose education education has has been been impacted impacted by by COVID-19. COVID-19. It It is is focused focused on on Pupil[Pupil] Premium Premium eligible eligible pupils pupils in in specialist specialist settings settings such such as as special special schools, schools, special special units units and and pupil pupil referral referral units. units. This This is is because because of of the the pandemic pandemic on on these these students. students.

Teachers Teachers pay pay

The The teachers' teachers' pay pay grant grant is[is] a a DfE DfE grant grant that[that] provides provides funding funding for for schools[schools] to[to] support support the the annual annual teachers' teachers' pay pay awards. awards.

Teachers’ Teachers' pension pension

The The teachers’ teachers' pension pension employer employer contribution contribution grant grant supports supports schools schools and and local local authorities authorities with with the the cost cost of[of] the the increase[increase] in[in] employer employer contributions contributions to[to] the the teachers’ teachers' pension pension scheme. scheme.

School School Led Led Tutoring Tutoring

The The School School Led Led tutoring[tutoring] grant grant is[is] to[to] support support disadvantaged disadvantaged pupils pupils in[in] catch-up catch-up learning learning and and schools schools will will select select the[the] pupils[pupils] in[in] need[need] of[of] support.[support.] This[This] will[will] focus focus on on providing[providing] tuition[tuition] to[to] pupils[pupils] eligible[eligible] for[for] Pupil[Pupil] Premium Premium but but also also includes includes pupils pupils with[with] other other types types of[of] disadvantage disadvantage or or additional additional needs. needs.

COVID-19 COVID-19[Vaccination] Vaccination

The The Government Government provided provided schools schools with[with] a a one-off one-off payment payment to[to] support support schools schools in[in] hosting hosting vaccinations vaccinations and and ensuring ensuring that[that] the the COVID-19 COVID-19 vaccine vaccine is[is] accessible accessible to to pupils. pupils.

38 38

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS(Continued) (Continued)

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

17. 17. ANALYSIS ANALYSIS OF OF NET NET ASSETS ASSETS BETWEEN BETWEEN FUNDS FUNDS

	Unrestricted Unrestricted	Restricted Restricted	TOTAL TOTAL
	funds funds	Funds Funds	2023 2023
	£	£	£
Tangible fixed assets Tangible fixed assets	13,645 13,645	130,527 130,527	144, 172 144,172
Current assets Current assets	1,836,856	1 1 ,530 11,530	1,848,386
Current liabilities Current liabilities	(362,273) (362,273)	(30,259) (30,259)	(392,532) (392,532)
	1,488,228	111,798 111,798	1,600,026

ANALYSIS ANALYSIS OF OF NET NET ASSETS ASSETS BETWEEN BETWEEN FUNDS FUNDS — - PRIOR PRIOR YEAR YEAR

	Unrestricted Unrestricted	Restricted Restricted	TOTAL TOTAL
	funds funds	Funds Funds	2022 2022
	£	£	£
Tangible fixed assets Tangible fixed assets	25,732 25,132	141,922 141,922	167,654 167,654
Current assets Current assets	1,723,806 1,723,806	3,322 3,322	1,727,128 1,727,128
Current liabilities Current liabilities	(282,790) (282,790)	(22,371) (22,371)	(305,161) (305,161)
	1,466,748 1,466,748	122,873 122,873	1,589,621 1,589,621

39 39

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS(Continued) (Continued) FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2023 2023

18. PRIOR YEAR STATEMENTOF FINANCIAL ACTIVITIES 18. PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES	18. PRIOR YEAR STATEMENTOF FINANCIAL ACTIVITIES 18. PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES
	Unrestricted Unrestricted	Restricted Restricted	Total Total
	Funds Funds	Funds Funds	2022 2022
	£	£	£
INCOME FROM: INCOME FROM:
Donations, legacies and grants Donations, legacies and grants	525,982 525,982	103,211 103,211	629,193 629,193
Charitable activities Charitable activities	954,369 954,369	-	954,369 954,369
Investments Investments	5,492 5,492	-	5,492 5,492
Other income Other income	92,012 92,012	-	92,012 92,012
Total income Total income	1,577,855	103,211 103,211	1,681,066
EXPENDITURE ON: EXPENDITURE ON:
Charitable activities Charitable activities	1,518,165 1,518,165	139,878 139,878	1,658,043
Total expenditure Total expenditure	1,518,165 1,518,165	139,878 139,878	1,658,043
NET INCOME NET INCOME	59,690 59,690	(36,667) (36,667)	23,023 23,023
Transfers between funds Transfers between funds	763 763	(763) (763)	-
NET MOVEMENT IN FUNDS NET MOVEMENT IN FUNDS	59,687 59,687	(36,667) (36,667)	23,023 23,023
RECONCILIATION OF FUNDS RECONCILIATION OF FUNDS
Fund balances brought forward Fund balances brought forward	1,405,470	161,128 161,128	1,566,598
Fund balance carried forward Fundbalancecarriedforward	1,465,923 1,465,923	123,698 123,698	1,589,621 1,589,621

40 40