2024-08-31-accounts - Parayhouse School

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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 2024 2024

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

REPORT REPORT AND[AND][FINANCIAL STATEMENTS] FINANCIAL STATEMENTS

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST[2024] 2024

CONTENTS CONTENTS	Page Page
Legal and AdministrativeDetails Legal and Administrative Details	1
Introductory overview Introductory overview	2 2
Chair ofTrustee Governors' Statement Chair ofTrustee Governors’ Statement	3 3
Message from the Co-Headteachers Messagefrom the Co-Headteachers	5 5
Trustee Governors' Report Trustee Governors’ Report	7 f
Statement ofTrustee Governors Responsibilities Statement ofTrustee Governors Responsibilities	20 20
Independent Auditor's Report Independent Auditor's Report	24 24
Statement of Financial Activities Statement of Financial Activities	27 27
Balance Sheet Balance Sheet	28 28
Cash Flow Statement Cash Flow Statement	29 29
Notes to the Financial Statements NotestotheFinancialStatements	30 30

PARAYHOUSE PARAYHOUSESCHOOL SCHOOL

LEGAL LEGAL[AND] AND ADMINISTRATIVE[ADMINISTRATIVE] INFORMATION INFORMATION FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

Chair Chair[of] of Trustee Trustee Governors Governors Ms Ms D[D] Schwartz Schwartz Vice Vice Chair Chair[of] of Trustee Trustee Governors Governors Ms Ms H[H] Elansari Elansari Board Board of[of] Trustee Trustee Governors: Governors: A A full full list list is[is] provided provided on on page page 14 14 of[of] this this report[report] Co-Headteachers Co-Headteachers Ms Ms H[H] Bristow[Bristow] Ms Ms V V Carnevale Carnevale Charity Charity number number 1090757 1090757 Company Company number number 04270330 04270330 Registered Registered office office Hammersmith Hammersmith & & Fulham Fulham College College Gliddon Gliddon Road Road London London W714 W14 9BL 9BL Auditor Auditor Alpha Alpha Accountants Accountants (London) (London) Limited Limited 585a 585a Fulham Fulham Road Road Fulham Fulham London London SW6 SW6 5UA 5UA Bankers Bankers HSBC HSBC Bank Bank UK UK plc[plc] 315 315 Fulham Fulham Road Road Chelsea Chelsea London London SE10 SEIO 9QJ 9QJ Solicitors Solicitors Veale Veale Wasbrough Wasbrough Vizards Vizards 86 86 Fetter Fetter Lane Lane London London EC4A EC4A 1AD IAD

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

INTRODUCTORY INTRODUCTORY OVERVIEW OVERVIEW

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

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] bya[by] 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.]

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL CHAIR CHAIR OF OF TRUSTEE[TRUSTEE] GOVERNORS’ GOVERNORS' STATEMENT STATEMENT FOR FOR THE YEAR THE YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

iLLity ae MTLUTEii} our“We our"We students[students] place place the the front[front] education education and[and] centre[centre] and and in[in] wellbeing wellbeing all[all] that that we we of of do. iit} ae . i;_~=—sIn In this this context, context, we we are are very very pleased[pleased] that that Hit ti}i Ofsted Ofsted reported reported after after a a recent recent visit visit that[that] “there "there Hy] i ae . "i is is a a sharp sharp focus focus on on giving giving the the pupils pupils the the Bt “ee 7 knowledge knowledge and and tools[tools] they[they] need need to[to] develop develop ab i 3 independence independence and and to[to] live live successfully successfully in[in] the[the] TE wm community. community. They They leave leave the the school school well well ih i pr ' prepared prepared for for entry entry to to post-16 post-16 specialist specialist pitt ‘ provisions. provisions. tate Daniela Daniela Schwartz Schwartz

Looking Looking back back to[to] the the last last twelve twelve months, months, we we are are particularly particularly pleased pleased that that Ofsted, Ofsted, visiting visiting us us in[in] February February this this year, year, acknowledged acknowledged the the work work that[that] has has gone gone on on over over the the past past year year into into offering[offering] our our students[students] an an even even

better better learning learning experience. experience. In In their their report, report, Ofsted Ofsted states: states: “School "School leaders leaders have have also also broadened broadened the the

curriculum curriculum offer offer considerably. considerably. Additions Additions include include a a series series of of vocational courses, vocational courses, taught taught across across the the school. school. These These focus focus on on giving giving[pupils] pupils functional functional knowledge knowledge and and real-life real-life experiences... experiences... As As a a result result of[of] the the ambitious ambitious

curriculum curriculum and and its its implementation, implementation, pupils’ pupils' overall overall achievements achievements are are strong.” strong."

We were We were[equally] equally[ delighted] delighted[to] to see see that[that] Ofsted[Ofsted] noted[noted] our our ongoing ongoing efforts[efforts] to[to] not not only[only] create[create] a a nurturing nurturing

environment environment for[for] our our students, students, but but also also provide provide a a fulfilling fulfilling workplace workplace for[for] our our staff: staff: “Leaders "Leaders and and governors governors

pay pay a a lot[lot] of[of] attention[attention] to[to] staff staff well-being.[well-being.] Staff[Staff] said[said] that[that] they[they] appreciate[appreciate] leaders’[leaders'] openness openness and[and]

consideration consideration for[for] their their personal personal circumstances. circumstances. They They value value the the many many opportunities opportunities that that they they receive receive for for professional professional development[development] and[and] career career progression....Staff progression..[.Staff] spoke spoke about about[ how] how they[they] are are able[able] to[to] channel channel their[their] energies energies into into teaching teaching and and looking looking after after pupils’ pupils' welfare.” welfare."

One One year year on on from from kicking-off kicking-off our our research research and and planning planning into into potentially[potentially] expanding expanding our our school school to[to] offer offer a a

post-16 post-16 provision, provision, we we are are now now fully fully prepared prepared to to take take this this step. step. However, However, we we can can only only do do so so once once we we have have successfully successfully secured secured new, new, bigger[bigger] premises.[premises.] Our[Our] FLM FLM sub-committee sub-committee has[has] tirelessly tirelessly engaged engaged with[with] Local[Local]

Authorities, Authorities, various various dioceses, dioceses, and and other other external external stakeholders, stakeholders, to to find find a a site site that that will will allow allow us us to to grow. grow.

Thanks Thanks to[to] their their tremendous tremendous work, work, at[at] this this point, point, we we are are[optimistic] optimistic that[that] we we will will be be able able to[to] secure secure a a new new location location[in] in the the next next 12 12 months. months.

Whilst Whilst there there has has been been a a growing growing shortage shortage of of maintained maintained SEN SEN places places available available across across London London there there has has

also also been been[significant] significant budget budget pressure pressure on on local local authorities’[authorities'] spending spending on on non-maintained non-maintained provision provision and and associated associated transport[transport] costs.[costs.] However,[However,] we we are are pleased pleased to[to] say say that[that] we we continue[continue] to[to] demonstrate[demonstrate][ that] that our our

school school is is unique unique in in its its specialist specialist offer offer and and currently currently have have children children from from nine nine London London Local Local Authorities Authorities at at

our our[school.] school.

Furthermore, Furthermore, and and against against a a backdrop backdrop of a of a worsening worsening SEND SEND crisis crisis in[in] England, England, we we have have explored explored in[in] more more detail detail over over the the past past year year how how we we can can share share our our SEND SEND expertise expertise with with the the wider wider SEND SEND ecosystem ecosystem — —

mainstream mainstream schools, schools, other[other] special special schools, schools, the the NHS, NHS, and and many many more, more, by by offering[offering] specialist[specialist] SEND SEND training[training]

and and particularly particularly Speech Speech & & Language Language training[training] to[to] other other professionals. professionals. In[In] addition, addition, we we have have started started to[to] look look into into offering[offering] widened widened support support[to] to parents parents of[of] children children with with SEN: SEN: this this may may include include parent parent support support groups, groups, after-school after-school or or holiday[holiday][activities.] activities. We We aim[aim] to[to] finalise finalise our our growth[growth] strategy[strategy] over over the[the] first[first] half[half] of[of] the[the] new new

school school year year 2024/25. 2024/25.

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

CHAIR CHAIR OF OF TRUSTEE[TRUSTEE] GOVERNORS’ GOVERNORS' STATEMENT STATEMENT

FOR FOR THE YEAR THE YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024[2024]

Meanwhile, Meanwhile, the the cost cost environment environment remains remains very very challenging. challenging. However, However, thanks thanks to[to] tightly tightly controlled controlled cost cost management, management, as as well[well] as as prudent[prudent] investments,[investments,] we we are are pleased pleased to[to] report[report] again[again] that[that] the[the] charity[charity] and[and] our our school[school] continue continue to to be be in[in] a a healthy healthy financial[financial] situation, situation, allowing allowing us us to to ringfence ringfence money money for[for] our our anticipated anticipated move move to to new new premises premises and[and][to] to offer[offer] a a first[first] class[class] SEND SEND provision[provision] to[to] more more children[children] going[going] forward.[forward.]

Looking Looking back back at[at] our our achievements achievements in[in] 2023/24, 2023/24, the the successful successful Ofsted Ofsted visit, visit, and, and, most most importantly, importantly, seeing seeing

our our[students] students progress progress with[with] their[their] speech[speech] and[and] communication,[communication,] their[their] life[life] skills,[skills,] and[and] their[their] academic academic learning,[learning,] as as[well] well as as hearing[hearing] from[from] parents[parents] how[how] Parayhouse[Parayhouse] School School makes makes their[their] children[children] feel[feel] safe[safe] and[and] happy,[happy,] eager eager to to go go to to school, school, and and confident confident to to master master their their challenges, challenges, fills fills us us with with pride, pride, joy, joy, and and gratitude.[gratitude.]

On On behalf behalf of[of] all[all] Trustee Trustee Governors, Governors, as as every every year, year, |[I] express express our our heartfelt heartfelt thanks thanks to[to] our our magnificent magnificent team team of of teachers, teachers, learning learning assistants,[assistants,] therapists, therapists, senior senior and and middle middle managers, managers, and and administrative administrative staff. staff. They They all all work work very very hard hard and and with with great great commitment commitment and and passion, passion, and and a a desire desire to[to] continually continually improve improve our our provision. provision.

At At the the same same time, time,[they] they ensure ensure that[that] every every one one[of] of our our students[students] receives receives their their full full attention attention and and support support — — and, and,

in doing so, they make such a difference to our students' lives. in doing so, they make sucha difference to our students’ lives.

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

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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 2024 2024

ig Holly Holly Bristow Bristow Verity Verity Carnevale Carnevale The The academic academic year year 2023-24 2023-24 saw saw our our school school driving driving forward forward with with development development and and improvement improvement plans plans already already underway underway from from the the previous previous year, year, and and further further embedding embedding the the strong strong progress progress made[made] to to date. date. Meanwhile, Meanwhile, our our constant constant and and ever-present ever-present goal goal remains remains to to ensure ensure that that we we continue continue to to provide provide the the best best possible possible[educational] educational experience experience[for] for our our young young people.[people.] Working Working with with with external external advisors advisors helped helped us us to to[[to]] build[[build]] additional additional confidence,[[confidence,]] reflected reflected in[[in]] our our school[[school]] development development plans, plans, in in particular, particular, the the work work we we have have been been doing doing to to develop develop our our curriculum curriculum pathways pathways and and ensure ensure clear clear development development of[[of]] our our students' students’ learning learning from from admission admission to[[to]] post-16[[post-16]] and and into into their their adult adult lives. lives. We We were were were pleased pleased when[[when]][[Ofsted]] Ofsted[[notified]] notified us us of[[of][ their visit]][[ their visit]] their visit visit in[[in]] February February and[[and]] were were keen[[keen]] to[[to]] show[[show]] them[[them]] the[[the]] provision[[provision]] of of which which which we we are are so so proud, proud, and and the the progress progress we we have have made made since since their their last last inspection. inspection. Of Of course, course, we we were were thrilled thrilled[[to]] to hear hear their their positive[[positive]] feedback, feedback, and and we we we are are very very pleased pleased that[[that]] the the school school remains remains rated rated “good”, "good", with with "effective" “effective” safeguarding. safeguarding. With With the the[return] return[of] of our our assistant assistant head head from from maternity maternity leave, leave, we we have have been been able able to[to] strengthen strengthen our support our support for[for] our our teachers teachers in[in][the] the development development[of] of their their own own leadership[leadership] skills skills within[within] their[their] classrooms classrooms and[and] as as subject[subject] leads.[leads.] This This has has strengthened strengthened our our efforts efforts to to build build clear clear development development pathways pathways for[for] all all areas areas of of the the curriculum curriculum and, and, in in particular, particular, embed embed our our new new Physical Physical Education Education and and PHSE PHSE programmes programmes of of study. study. In In the the next next school school year year we we[will] will[be] be[introducing] introducing planned[planned][changes] changes to to our our RSE RSE curriculum curriculum to to ensure ensure we we are are meeting meeting the the complex complex balance balance between[between] our our[students'] students’[cognitive] cognitive and and chronological chronological age age of of development. development. A A key key part part of[of] this this is is communication communication with with parents parents[to] to[provide] provide them them with with important[important] information information around around the[the] content content their their child child will will be be studying studying and and why. why. Another Another key key focus focus for[for] us us[in] in the the coming coming year year is[is] to[to] further further our our progress progress on on ensuring ensuring that[that] the[the] range range of of assessment assessment tools tools we we employ employ accurately accurately represent represent students' students’ individual individual progress. progress. We We were were pleased pleased to to receive receive positive positive feedback feedback from from Ofsted Ofsted in in this this area, area, which[which] has has validated validated our our efforts efforts to to ensure ensure we we acknowledge acknowledge and and respond respond[to] to the the unique unique and and complex complex needs needs of[of] our our learners learners and and their their own own personal[personal] pathways. pathways. Going Going forward, forward, we we will will be be undertaking undertaking additional additional work work around around post-16[post-16] transition[transition] to[to] better[better] support[support] our our families families[in] in[this] this[challenging] challenging process process and[and] to[to] make[make] sure sure that[that] our our[students] students are are best[best] prepared prepared for[for][ their] their next[next] steps. steps.

Working Working with with with external external advisors advisors helped helped us us to to[[to]] build[[build]] additional additional confidence,[[confidence,]] reflected reflected in[[in]] our our school[[school]] development development plans, plans, in in particular, particular, the the work work we we have have been been doing doing to to develop develop our our curriculum curriculum pathways pathways and and ensure ensure clear clear development development of[[of]] our our students' students’ learning learning from from admission admission to[[to]] post-16[[post-16]] and and into into their their adult adult lives. lives. We We were were were pleased pleased when[[when]][[Ofsted]] Ofsted[[notified]] notified us us of[[of][ their visit]][[ their visit]] their visit visit in[[in]] February February and[[and]] were were keen[[keen]] to[[to]] show[[show]] them[[them]] the[[the]] provision[[provision]] of of which which which we we are are so so proud, proud, and and the the progress progress we we have have made made since since their their last last inspection. inspection. Of Of course, course, we we were were thrilled thrilled[[to]] to hear hear their their positive[[positive]] feedback, feedback, and and we we we are are very very pleased pleased that[[that]] the the school school remains remains rated rated “good”, "good", with with "effective" “effective” safeguarding. safeguarding.

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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 2024[2024]

We We very very much[much] hope[hope] to[to] be[be] able[able] to[to] establish establish our our own own Sixth[Sixth] Form Form setting[setting] as as part[part] of[of] our our longer-term[longer-term] vision,[vision,] and and this this is[is] something something we we plan plan to[to] begin begin working working towards towards in[in] the the new new school[school] year. year. Our Our new new Family Family Support Support Manager Manager has has embraced embraced the the role role and and made made a a real real impact impact this this year, year, supporting[supporting] families families[in] in[need] need and[and] providing[providing] a a[vital] vital early early help-link[help-link] for[for] the[ the] safeguarding safeguarding team.[team.] We We plan[plan] to[to] review[review] our our parent[parent] communications communications[in] in 2024-25 2024-25 and and consider[consider] ways ways we we can can provide[provide] more more practical, practical, hands-on hands-on guidance guidance for[for] our our parents, parents, for[for] example example “read "read together together mornings” mornings" where where we we share share strategies strategies for[for] supporting supporting reading reading at[at] home. home. In[In] addition, addition, we we hope hope to to offer offer additional additional individual individual home home visits visits to to focus focus on on speech speech and and language, language, ensuring ensuring that that we we[support] support a a truly[truly] 360-degree 360-degree[approach] approach to[to] developing developing students'[students'] communication[communication] skills.[skills.]

We We are are delighted[delighted] to[to] welcome welcome two two new new Speech Speech and[and] Language Language Therapists[Therapists] (SaLTs),[(SaLTs),] allowing allowing us us to[to] continue[continue]

focusing focusing on on last last year's year's work work of[of] developing developing a a whole-school whole-school communication communication toolkit,[toolkit,] and and related related training. training. In In

addition addition[to] to continuing continuing to[to] ensure ensure best best practice practice is[is] being being used used across across the the school, school, we we are are excited excited to[to] be be able able to[to]

give give our our Head Head of[of] Therapy Therapy the the space space and and time time to[to] really really push push forward forward the the development development of[of] our our longer-term, longer-term,

speech speech and and language language strategy strategy and and the the potential potential[for] for out-reach[out-reach] of[of] this this expertise[expertise] in[in] the the future.[future.]

Student Student numbers numbers are are strong strong for[for] 2024-25 2024-25 and and we we have have processed processed over over 53 53 consultations. consultations. Despite Despite this, this, in[in]

2024-25 2024-25 we we will will be be reviewing reviewing our our school's school's visibility visibility and and marketing marketing approaches approaches to[to] ensure ensure we we reach reach as as many many families families as as possible possible whose whose children children might[might] benefit[benefit] from[from] our our unique[unique] provision.[provision.]

We We[look] look[forward] forward to[to] another[another] positive[positive] year year[continuing] continuing to[to] take[take] forward[forward] all[all] our our planned[planned] areas areas for[for] development development

while while providing providing a a happy, happy, safe safe and and fertile fertile learning learning space space for[for] our our students. students.

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

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS' GOVERNORS’ REPORT REPORT FOR FOR THE YEAR THE YEAR ENDED[ENDED][31] 31[AUGUST] AUGUST[ 2024] 2024

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 2024. 2024.

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 life skills 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 educational educational 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: 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;]
1. 1. We Wecreate[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
1. 1. 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 for Strategies for achieving achieving aims aims and[and] objectives objectives

(1) (1) Ensure Ensure that that all all of our of our staff staff are are given given access access to to the the training[training] and and equipment equipment required required for[for] their their roles[roles] and and that[that] there[there] are are opportunities opportunities available available for their[for] their personal[personal] future future development; development;
(2) (2) Ensure Ensure[that] that we we use use the[the] most most appropriate[appropriate] and and effective[effective] tools[tools] for[for] the the safeguarding,[safeguarding,] teaching[teaching] and[and] assessment assessment[of ] of our our students; students;
(3) (3) Create Create a a safe[safe] and[and] positive positive environment environment for for all all of of our our staff staff and and students, students, with with a a welcoming, welcoming, collaborative collaborative and[and] open open approach; approach;
(4) (4) Implement Implement a a programme programme to[to] ensure ensure the[the] school[school] always always has has access access to[to] the[the] therapists therapists that[that] it[it] needs needs and and which which are are key key to[to][its] its offering;[offering;]

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2024[2024]

(5) (5) Review Review and and evaluate evaluate proposed proposed growth growth opportunities opportunities for[for] the the school school that[that] enhance enhance and and expand expand our our student student experience; experience;
(6) (6) Identify Identify and and secure secure new new Central[Central] London London premises premises for for the the existing existing school, school, with with additional[additional] growth growth capacity; capacity;
(7) (7) Be Be proud proud of[of] what what we we do do and and build build a a strong strong identify/ identify/ brand brand with with a a regular regular programme programme of[of] contact/ contact/ communication communication with with all all stakeholders, stakeholders, e.g. e.g. Local Local Authorities, Authorities, existing/ existing/ potential potential parents, parents, local local schools, schools, neighbours; neighbours;
(8) (8) Maintain Maintain a a close close and and[positive] positive working working relationship relationship between between the the senior senior management management of[of] the the school school and and[its] its governing governing body body

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 applicant concerned. 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] various various

activities activities during during the the year. year. 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. Furthermore, Furthermore, 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, 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 other other specific specific projects. projects. Nevertheless, Nevertheless, 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] 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 will will establish establish broad broad shortshortand and long-term long-term objectives. objectives. In In the the short-term short-term these these

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

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 as as they[they] arise. arise.

Achievements Achievements and and performance performance

Main Main Achievements Achievements >» Parayhouse Parayhouse School School remains remains rated rated “good” "good" with with “effective["effective] safeguarding” safeguarding" following following our our Ofsted Ofsted inspection inspection in in February February 2024; 2024;
» The The school[school] has[has] 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] training training for for staff staff and and Trustee Trustee Governors; Governors;
» Giving Giving our our teachers teachers more more responsibility, responsibility, supported supported by by training, training, has has empowered empowered them them to[to] take take on on leadership leadership roles[roles] within[within] their their classrooms classrooms and and as as subject subject leads; leads;
Our Our comprehensive comprehensive programme programme of of SMSC SMSC events events has has supported supported our our students’[students'] wider wider development. development. Events Events included included charity charity days, days, celebration celebration assemblies, assemblies, and and focus focus weeks; weeks;
We We have have placed placed all[all] our our leavers[leavers] in[in][appropriate] appropriate post-16[post-16] settings settings and and have have supported supported them, them, and and their their parents, parents, throughout throughout the the transition, transition, with with workshops, workshops, activities, activities, visits visits and and tailored[tailored] advice; advice;
We We have[have] recruited[recruited] two two additional[additional] SaLTs SaLTs to[to] strengthen[strengthen] our our unique unique offering[offering] in[in] this this area; area; > The The school school has[has] processed processed more more than[than] 50 50 consultations consultations and[and] secured secured 9[9] new new students students for[for] the[the] next[next] academic academic year, year, replacing replacing all[all] leavers; leavers;
Following Following the the return return of our of our assistant assistant head head from from maternity maternity leave, leave, we we have have continued continued to to make make excellent excellent progress progress[in] in establishing[establishing] clear[clear][curriculum] curriculum pathways[pathways] for[for] our[our] students[students] and[and] producing[producing] new[new] curriculum[curriculum] maps maps[to] to provide[provide] clarity[clarity] around[around] coverage coverage and[and] progression[progression] of[of] learning;[learning;]
We We have have embedded embedded “Individual["Individual] Education Education Profiles", Profiles”, which which has has helped helped us us to[to] offer[offer] greater[greater] clarity[clarity] over over the the progress progress of[of] individual[individual] students students based based on on their their specific specific learning learning levels. levels. Furthermore, Furthermore, our our teachers teachers have have gained gained confidence confidence creating creating challenging challenging yet yet appropriate appropriate bespoke bespoke targets targets for[for] students students backed backed up up by by a a robust robust monitoring monitoring schedule; schedule; and and
» Having Having re-established re-established school school trips trips and and annual annual residential residential trips trips last last year year (post-Covid), (post-Covid), we we built-upon built-upon these these enjoyable enjoyable[outings,] outings,[which] which offer[offer][students] students invaluable invaluable experiences experiences and[and] opportunities[opportunities] to to support support learning learning and and work work on on life-skills life-skills and and social[social] interaction. interaction.
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;
» We We continue[continue][to] to conduct conduct[staff,] staff, student[student] and[and] parent[parent] surveys, surveys, and[and] we we are are proud[proud] about about the[the] positive[positive] feedback feedback we we receive; receive;
We We[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;
Wealso We[also] place place great[great][importance] importance on on periodic[periodic] Ofsted[Ofsted] inspections inspections and[and] feedback[feedback] (positive[(positive] reinforcement),[reinforcement),] 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.

Plans Plans for for the[the][future] future

In In the the[short-] short- to 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

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024[2024]

provision provision across across all[all] parts parts of[of] the the school[school] and and we we will will continue[continue] to[to] recruit recruit additional additional staff,[staff,] while[while] also also improving[improving] career career advancement. advancement.

In In the the mediummediumto[to] 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 the the creation creation of[of] a a post-16 post-16 provision, provision, as as well[well] as as exploring exploring the the potential potential[to] to provide[provide][therapeutic] therapeutic[out-reach] out-reach and and consultancy consultancy services services where where external external SEND SEND demand demand exists. exists. This This would would require require additional additional space space (both (both internally internally and and externally),[externally),] which which is[is] unlikely[unlikely] to[to] become become available available in[in] our our current current setting setting on on the the Hammersmith Hammersmith & & Fulham Fulham College College campus. campus.

Also, Also, given given that that our our current current[lease] lease at[at] the[ the] site site comes comes to[to] an an end end in[in] September September 2026, 2026, we we have have started started a a search search process process[for] for an[ an] alternative[alternative][site] site for[for] the[ the][school,] school,[which] which will[will] provide[provide the] the necessary[necessary] space[space] to[to] accommodate[ accommodate] these[ these] expansion expansion plans.[plans.] We We envision envision that[that] the[the] search,[search,] and[and] any any required[required] re-development re-development of[of] a a site,[site,] may may take[take] us us 12[12-] 18 18 months, months, a a timeframe timeframe[to] to fit[fit][in] in with with[the] the end end of[of] our our current current lease.[lease.]

Given Given the the current current spate spate of of primary primary school school closures closures in[in] London, London, as as primary primary age age student student numbers numbers decline, decline, we we

have have identified identified vacated vacated primary primary school school sites sites as as a a key key focus focus in[in] our our search. search. While While these these would would likely likely require require

some some re-modelling[re-modelling][ to] to accommodate accommodate our our educational[educational] needs,[needs,] they[they] do,[do,] on on the[the] whole,[ whole,] offer[offer the] the required[required] internal[internal]

and and external external space space we we are are looking looking for, for, in[in] order order to[to] grow grow our our offering. offering. We We are are engaging engaging with with local local authorities, authorities, dioceses dioceses and[and] multi-academy multi-academy trusts[trusts] (MATs) (MATs) that[that] own own these[these] sites, sites, building building dialogues dialogues and and relationships, relationships, to to

explore explore the the potential potential to[to] lease lease one one of[of] these these vacated vacated sites. sites. We We are are cognisant cognisant that[that] most most of[of] these these sites sites in in our our

current current search search area area (West(Westand and South-West South-West London) London) are are a a valuable[valuable] asset asset for their for their owners owners and and that[that] there[there] is[is]

demand demand[from] from other[other] SEN SEN and[and] mainstream,[mainstream,] early-years[early-years educational] educational providers,[providers,] as as well[well] as as the[the] potential[potential] to[to] rerepurpose purpose the[the] sites[sites] for[for] a a commercial[commercial] and/[and/] or or residential[residential] use. use. Aside Aside from[from] the[the] social[social] benefits[benefits] we we provide,[provide,] we we

see see strong[strong][and] and growing[growing] demand demand for[for] our[our] offering,[offering,] which[which][supports] supports our our business business case. case.

At At the the same same time,[time,] we we are are exploring exploring the the potential potential to to re-purpose/ re-purpose/ develop develop a a vacant vacant commercial commercial site,[site,] tapping tapping into into the the expertise expertise of[of] our our voluntary voluntary real real estate estate advisor. advisor. Depending Depending on on our our progress progress over over the the next next 6-12 6-12 months, months, we we might might also also explore explore the the potential potential use use of[of] an an external, external, specialist[specialist] search search consultant consultant to[to] help help us us with with the the search. search.

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS' GOVERNORS’ REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

Financial Financial Review Review

The The charity's[charity's] financial financial aim aim is is to[to] maintain maintain sufficient sufficient unrestricted unrestricted reserves reserves to to provide provide flexibility flexibility for for the the school school to to operate operate through through different different economic economic climates, climates, and and in in some some years years to to potentially potentially absorb absorb an an operating operating loss loss

in in unforeseen unforeseen circumstances. circumstances. Beyond Beyond this this aim aim to to continue continue as as a a going going concern, concern, our our reserves reserves policy policy sets sets out out

minimum minimum unrestricted unrestricted reserves reserves to to cover cover the the equivalent equivalent of of eight eight months months (two (two terms) terms) of of a a winding winding up up of of the the

school school if if that[that] ever ever came came to to pass, pass, as as well well as as specific specific “designated” "designated" reserves reserves to to cover cover costs costs associated associated with with our our premises premises and and ICT. ICT.

Our Our annual annual accounts, accounts, in[in] terms terms of[of] our our income income statement, statement, are are fairly fairly straight-forward: straight-forward: with with revenue/ revenue/ income income driven driven mainly mainly by by student student numbers numbers and and fee fee levels, levels, and and expenses expenses largely largely driven driven by by staff staff costs. costs. We We generally generally budget budget[to] to break-even break-even or or to[to] generate generate a a small small net net surplus surplus in in most most years years to to help help build build reserves. reserves. However, However, we we are are cognisant cognisant that[that] there[there] may may[be] be years years where where we we might[might] make[make] a a net net deficit,[deficit,] or or perhaps perhaps make make a a much much larger[larger] surplus surplus than than budgeted budgeted for. for. The The latter latter generally generally occurs occurs when when we we take take on on extra extra students students during during the the course course of of the the school school year, year, with with relatively relatively low low related related costs costs (i.e. (i.e. un-budgeted). un-budgeted). As As outlined[outlined] above, above, potentially[potentially] moving moving to[to] larger[larger] premises premises some some time[time] over over the the next next couple couple of of years years will will likely likely incur incur sizeable sizeable costs, costs, hopefully hopefully to to be be largely largely covered covered by by the the designated designated premises premises reserves reserves we've we've built built up. up. Nevertheless, Nevertheless, we we would would expect expect higher higher annual annual lease lease costs costs for for larger larger premises premises and and to to take take on on additional additional staff staff as/when as/when we we expand expand our our offering, offering, with with related related student student fee fee income income potentially[potentially] coming coming in in on on a a lagged lagged basis.[basis.] This This might might be be a a specific specific example example of of where where maintaining maintaining significant significant unrestricted unrestricted reserves reserves will will prove prove their their worth worth in in allowing allowing us us to to carry carry on on a a business-as-usual business-as-usual basis. basis.

Review Review[of] of financial financial position[position]

For For the the financial financial year year 2023-24 2023-24 the the charity charity reported reported a a surplus surplus of of El £111,441 11 ,441 (vs (vs £11,150 El 1,150 surplus surplus in in FY2022FY2022-

23), 23), which, which, as as retained retained income, income, boosted boosted our our net net assets assets (total (total reserves) reserves) to to just just over over £1.7mIn, El.7mln, which which are are split split

between between unrestricted unrestricted reserves reserves of[of] £1,607,693 El ,607,693 and and restricted restricted reserves reserves of of El 04,519. £104,519. We We would would expect expect to to run run down down the the latter latter over over time time as as we we allocate allocate those those reserves reserves (grants) (grants) to to specific specific projects projects and and as as we we look look to to better[better]

match match grants grants received received during during the the year, year, within[within] a a shorter shorter timeframe. timeframe. Aside Aside[from] from working[working] cash[cash] held[held] in[in][the] the school's school’s bank bank account account to[to] cover cover short-term[short-term] expenses, expenses, the[the] majority majority of[of] our our[unrestricted] unrestricted reserves reserves are are held held on on the the CAF CAF Flagstone Flagstone investment investment platform, platform, which which allows[allows] us us the[the] flexibility flexibility

to to allocate allocate amounts amounts up up to to the the £85,000 €85,000 insured insured limit limit per per account account across across a a wide wide number number of of individual individual bank bank savings savings accounts accounts in in an an efficient efficient manner. manner. We We maintain maintain a a diversified diversified portfolio portfolio of of accounts accounts by by maturity, maturity,

including including a a proportion proportion on on instant instant access access or or short short maturities maturities to[to] cover cover potential potential cash cash strains[strains] in[in] the the school. school. Another Another way way[of] of thinking thinking about about total total net net assets assets of of £1,712,212[El] , 712,212 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] £1,779,653, El , 779,653, split split between: between: - - e • Tangible Tangible assets assets of[of] £97,060 E97,060 (incl. (incl. leasehold leasehold improvements improvements of of £71,659); E71 ,659); plus plus

• e Cash Cash balances balances of El of £1,659,022 ,659,022 (retained (retained annual annual net net surpluses); surpluses); plus plus e • Debtors Debtors — — accounts accounts receivable receivable and and accrued accrued income income of of £1,229; El ,229; plus plus e Current Current assets assets of of £22,342; E22,342;

And And its[its] total total liabilities liabilities of[of] £67,441 E67,441[(all] (all due due within within one one year year and and down down from from the the £392,533 E392,533 at[at] end end FY2022-23). FY2022-23).

The The significant[significant] drop drop in[in] total total liabilities liabilities in[in] FY2023-24 FY2023-24 largely largely reflected reflected the the part part repayment repayment of[of] a a government government grant grant that[that] we we had had re-classified re-classified as as a a “liability” "liability" the the previous previous year. year. Three Three years years ago, ago, our our annual annual “School "School Condition Condition Allocation” Allocation" (SCA) (SCA) from from the the Department Department for for Education Education (DfE) (DfE) (capital (capital funding funding for for maintaining maintaining and and

improving improving the the condition condition of of school school premises) premises) was was increased increased significantly, significantly, as as the the DfE DfE implemented implemented a a new new calculation calculation[matrix.] matrix. Historically, Historically, we we[had] had received[received] around around £19,000[E][ 19,000] p.a. p.a. but[but] this[this] increased increased to[to] over over £122,000.[E][ 122,000.] It It took took us us a a while while to to verify verify the the amounts amounts with with the the correct correct government government officials, officials, but but once once we we had had we we decided decided

that that we we would would not not be be able able to to spend spend anywhere anywhere close close to to that that amount amount of of school school improvements. improvements. As As such, such, we we decided decided[to] to re-classify[re-classify] the the “excess” "excess" amount amount (~£100,000 (—2100,000 p.a.) p.a.) as as a a liability liability and and look look to[to] return[return] it it to to the the DfE. DfE.

Once Once we we[had] had[confirmed] confirmed a a repayment repayment schedule schedule with[with] the[the] DfE,[DfE,] we we used used a a part[part] of[of] unrestricted[unrestricted] reserves/[reserves/] cash[cash]

11 1]

AchievementPARAYHOUSE AchievementPARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS' GOVERNORS’ REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

to to pay pay down down the the bulk bulk of[of] this this liability liability (“overpaid ("overpaid grant”), grant"), from from £309,409 E309,409 at[at] the the beginning beginning of[of] the the financial[financial] year year down down to[to] £0[EO] by by year-end.[year-end.] We We would would expect expect to[to] pay pay off off the[the] remainder remainder in[in] the[the] FY2024-25. FY2024-25.

Net Net surplus surplus The The reported reported net net surplus[surplus] of[of] £111,441[El][11,441] for for FY2023-24 FY2023-24 can can be be split split into: into: (1) (1) a a surplus surplus of of £174,457 E 174,457 on on unrestricted unrestricted activities activities (income-expenditure);[(income-expenditure);] and and (2)[(2)] a a loss loss of[of] £63,016 E63,016 on on restricted[restricted] income/ income/ expenditure[expenditure] (i.e. grants). This with our FY2023-24 budget[that] projected break-even. On a net[basis,] this (i.e. grants). This compares compares with our FY2023-24 budget that projected break-even. On a net basis, this much much larger-than-expected larger-than-expected net net surplus[surplus] reflected reflected significant, significant, unexpected unexpected government government grants, grants, which which we we didn't didn't spend, spend, as as we we are are awaiting awaiting clarification clarification on on whether whether they they truly truly apply apply to[to] the the school. school. We We have have been been informed informed that that the the Teachers’ Teachers' Pension Pension grant grant (£88,757) (288,757) can can be be used used for[for] the the benefit benefit of[of] the the school school and and not not necessarily necessarily for for the the purposes purposes of of the the teachers teachers pension pension scheme. scheme.

In In aggregate, aggregate, the the net net surplus surplus of of £111,441 El[11][,441] (versus (versus a a surplus surplus of of £11,150 El 1,150 in in FY2022-23) FY2022-23) was was the the result result of[of]

combined combined unrestricted unrestricted and and restricted[restricted] income income of[of] £1,883,823[El] ,883,823 (+£86,034 (+E86,034 YoY) YoY) minus minus combined combined expenditure[expenditure] of of £1,772,382 El (-£61,129 (-E61[,129] YoY). YoY). Income Income generation generation

During During the the year year under under review review unrestricted unrestricted income income totalled[totalled] £1,663,605 El (FY2022-23: (FY2022-23: £1,627,878), El ,627,878), with with the the YoY YoY[increase] increase (+£35,727[(+E35,727] or[or][+2.2%)] +2.2%) principally[principally] driven[driven] by[by] a[a] significant[significant] increase[increase] in[in] interest[interest] received[received] from[from] our[our] savings savings accounts accounts on on the[the] CAF CAF Flagstone Flagstone platform[platform] (+£37,561[(+E37,561] YoY), YoY), which[which] in in turn turn reflected reflected the the period period of of higher higher interest interest rates, rates, and and an an unexpected unexpected local local authority authority 1-on-1[I-on-I] support support grant[grant] (for (for a a pupil[pupil] taken taken on on during during

the the year where year where we we already[already] had had staffing staffing in[in] place). place). These These amounts amounts helped helped more more than than off-set[off-set] a a drop drop in[in] student[student]

fees, fees, based based on on lower lower student student numbers numbers YoY. YoY. Restricted Restricted income income totalled[totalled] £220,218 E220,218 (FY2022-23: (FY2022-23: £169,911), E169,911), which which includes includes a a number number of[of] different[different] grants, grants, and and includes includes the the Teachers’ Teachers' Pension Pension grant[grant] mentioned mentioned above. above.

When When considered considered together, together, unrestricted unrestricted and and[restricted] restricted income income is is mainly mainly made made up up of of student student fees fees from from

placing placing local local authorities authorities (£982,861 (E982,861 vs vs £1,018,889[El] in in FY2022-23) FY2022-23) and and EFA EFA student student grants grants from from the the DfE DfE (£553,333 (E553,333 vs vs £528,334 E528,334 in[in] FY2022-23), FY2022-23), supplemented supplemented[in] in FY2023-24 FY2023-24 by by the[the] extraordinary extraordinary interest[interest] windfall[windfall] from from our our CAF CAF Flagstone Flagstone savings savings accounts. accounts.

Expenditure Expenditure The The total total cost cost of[of] operation operation of[of] the the school[school] amounted amounted to to £1,772,382 E 1,772,382 (vs[(vs] £1,786,639), El ,786,639), representing representing a a -0.8% -0.8% reduction reduction YoY YoY (-214,257, (-£14,257, as as above). above). Expenditure Expenditure coinciding coinciding with[with] unrestricted unrestricted income/ income/ operations operations (£1,489,148) (El was was down[down] -£171,417 -E 171,417 YoY, YoY, with with lower lower staff staff wages wages (on (on a a number[number] of[of] staff[staff] absences absences and[and] maternity maternity leave) leave) more more than[than] off-setting off-setting higher higher cost cost of[of] agency agency staff staff (increased[(increased] usage usage to[to] off-set[off-set] the the longerlongerterm term[staff] staff absences) absences) and[and][higher] higher pension[pension] contributions.[contributions.] Staff[Staff] costs[costs] continue[continue] to[to] account account for[for] the[ the] bulk[bulk] of[of] overall[overall] costs costs (~77%[(—77%] in in FY FY2023-24), 2023-24), with with the the next next largest largest cost cost items items being being premises premises costs costs (~7%[(—70/0] of[of] the the total), total), and and then then a a drop drop down down to to capital[capital] equipment equipment (—3%), (~3%), staff staff courses courses (~2%), (—2%), school school lunches lunches (~1%) (—1%) and and Insurances Insurances (~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.]

As As[noted] noted above,[above,] the[the] greater[greater] part[part] of[of] the[the] YoY YoY drop[drop] in[in] overall[overall] costs,[costs,] came came through[through] restricted[restricted] expenditure[expenditure] (-[(-] E157,160 £157,160 YoY) YoY) and and[in] in[particular] particular reduced reduced take-up/ take-up/ spending spending of[of] a a number number of[of] the the grants grants we we received. received. Over Over time, time, as as we we clarify clarify with with the the DfE DfE the the purpose purpose and and appropriateness appropriateness of of some some of of these these grants, grants, we we would would look look to to spend spend[the] the[majority] majority of[of grants] grants within[within] the[the] year year received.[received.]

==> picture [466 x 106] intentionally omitted <==

----- Start of picture text -----
Historical Historical 10-year [10-] ear view view
[es Net income F¥'14-15 FY56 14-15979 | FY15-16 FY15-16 129,028 | FY16-17 FY16-17 101,640 | FY17-18 FY17-18121 755 | FY18-19 FY18-19 239,741 | FY19-20 FY19-20403,810 | FY20-21 FY20-21300,539 | FY21-22 FY21-2223 023 | FY22-23 FY22-2311,150 | FY FY 111,441 23-24 23-24 |
| Netincome | 56,979 | 129,028 | 101,640 | 121,755 | 239,741 | 403,810 | 300,539 | __23,023 | 14,150 | 111,441 |
Se | aaa (eae See | ea (ese eee (ree ee
Fund 270,085 399,113 500,752 622,508 862,249 1,566,598 1,589,621 1,600,771 1,712,212
balances
|| UnrestrictedRestricted RestrictedUnrestricted ——|-| 243,451 24326,634 26,634 451 || 317 317,27681,837 81 ,837276 || 403 403,18397,569 97 569 [183] || 523 523,22599,283 99,283225 || 133,823 728 728,426 133,823426 [1,099,770| 166,289 099166,289770 |_| 1,391,614 1 174,984 391174,984614 |[1,465,923 1 123,698 465123,698923 |[1,433,236 1 167,535 433167 236535 |[1,607,693 1 104,519 607104,519693 | |
|Av#studentsRIE[Av#staff AvAv # # studentsstaff ||enaeers 42{32] 4232 ent 48|1 4831 |neers:tT45{ 4531 “eee47] 4733 TSSee)56] 5636 es51] 5135 ceed55] 5539 | eee53] 5345 |ie52] 5244 |Net53] 4453
----- End of picture text -----

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE YEAR THE YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2024 2024

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 costs costs such such as as premises premises moves, moves, breakdown breakdown of[of] machinery machinery or or staff staff cover; cover;

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[of] unrestricted unrestricted reserves, reserves, and and as as of[of] 31st 31[st] August August 2024 2024 have have determined determined[that] that based based upon upon expected expected 2024-25 2024-25 budgeted budgeted levels[levels] of of expenditure, expenditure, the the minimum minimum amount amount of[of]

unrestricted unrestricted reserves reserves required required is is El, £1,175,094. 175,094. Current Current unrestricted unrestricted reserves reserves are are £1,607,693 El and and so so

comfortably comfortably exceed exceed this this minimum minimum requirement. requirement.

As As[outlined] outlined above, above, the[the] school[school] has has “designated”["designated"] 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 designated designated 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. 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 (£643,077 (E643,077 based based on on the the charity's[charity's] unrestricted unrestricted reserves reserves as as at[at] end-August end-August 2024),[2024),] 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] sub[sub-] committee 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 the[without] 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 savings similar savings vehicles; vehicles; and and (3) (3) Investment Investment funds. funds.

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE YEAR THE YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

Historically, Historically, given given the the relatively relatively limited[limited] unrestricted unrestricted reserves reserves available available (at[(at] least[least] by by the the levels[levels] required required to[to]

employ employ an an external external investment investment mandate) mandate) and and the the low-risk low-risk appetite, appetite, the the majority majority has has been been placed placed in[in] (1)[(1)] and and

(2) (2) above. above. Given Given the the administrative administrative burden burden of of applying applying for[for] individual[individual] saving saving accounts accounts (in (in (2) (2) above), above), we we

invest invest across across bank bank savings savings accounts accounts offered offered on on the the CAF CAF Flagstone Flagstone investment investment platform, platform, which which allows allows us us to to allocate allocate balances balances across across a a wide wide range range of[of] accounts accounts in[in] a a timely timely and and efficient efficient manner manner (albeit (albeit constrained[constrained] to[to] a a

max max[€85,000] £85,000[insured] insured limit[limit] per[per][account).] account). 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 subsubcommittee 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.

Investment Investment returns returns

For For the the FY FY2023-24, 2023-24, balances balances invested invested on on the the CAF CAF Flagstone Flagstone investment investment platform platform (£1,387,414[(El] ,387,414 as as at[at] 31[31] August August 2024) 2024) returned returned £41,540[E41][,540] in[in] interest interest (vs[(vs] £10,438[El] 0,438 in[in] FY2022-23). FY2022-23).

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[short-term][ deficits] 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]

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 27 27 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 compensation. overall compensation.

14 14

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS' GOVERNORS’ REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

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:]

(1) (1) Strategic Strategic and and reputational[reputational] risks,[risks,] including,[including,] but[but] not not limited[limited] to:[to:] - - (a) (a) A A major major safeguarding safeguarding or or health[health] and[and] safety[safety] incident;[incident;] (b) (b) A A future[future] 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 A permanent permanent[loss] loss of[of] premises premises and/or[and/or] inability[inability] to[to] find[find] new new suitable suitable premises premises when[when] current[current] tenancy tenancy ends;[ends;]
(b) (b) A |Atemporary[temporary] loss[loss] of[of] premises premises due[due] to[to] fire,[fire,] flood flood or or other[other] emergency; emergency; (c) (c) 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;
(d) (d) Breach Breach of[of] GDPR GDPR or or e-security; e-security; and and (e) 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 the of the charity’s[charity's] reserves. reserves. (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) (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;

15 15

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2024[2024]

(iv) (iv)		Continuing development of senior management of the school and succession planning, where relevant, and including a review of recruitment and staff retention; Continuing development of seniormanagement ofthe school and succession planning, where relevant, and including a review of recruitment and staff retention;
(v) (v)		Maintenance of a strong working relationship with the school's current property landlord Maintenance of a strong working relationship with the school’s current property landlord
		(Hammersmith&West London College); (Hammersmith &West London College);
(vi) (vi)		Creation of a business continuity plan, including search for alternative settings required in an Creation of a business continuity plan, including search for alternative settings required in an
(vii) (vii)		emergency; Development of a coherent and realistic fundraising strategy to help broaden the charity's resources and expand the school's offering; emergency; Development of a coherent and realistic fundraising strategy to help broaden the charity's resources and expand the school’s offering;
(viii) (viii)		A
(ix) (ix)		Consistent control and forecasting of student numbers, frequent review of management Consistent control and forecasting of student numbers, frequent review of management
		accounts and budgets by an appointed school finance officer; and accounts and budgets by an appointed school finance officer; and
(x) (x)		Monitor and evaluate student achievement on a termly basis, provide regular training to staff and create a staffculture wherepeer observation,feedbackand discussion aboutlearning are Monitorand evaluate student achievement ona termly basis, provide regular training to staff and create a staffculturewhere peer observation, feedback and discussion about learning 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.

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 2023-24 2023-24 the the school school averaged averaged 53 53 pupils pupils and and 44 44 staff. staff.

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PARAYHOUSE PARAYHOUSESCHOOL SCHOOL

TRUSTEE TRUSTEE GOVERNORS' GOVERNORS’ REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2024 2024

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)
Daniela Schwartz (Chair)|Jul-14
Jul-14|Co-opted
Co-opted|=||x
X|| |Hala Ensari (Vice-Chair)
Steve Hussey
Hala Ensari (Vice-Chair)
Steve Hussey|Nov-18
Jun-17
Nov-18
Jun-17|Parent
Parent
Parent
Parent|rT]
a|x
X||x
X| |Yvonne Woodford
Thomas Cowley
Jakub Koper
Georgina Klein (resigned Mar-24)
YvonneWoodford
Thomas Cowley
Jakub Koper
Georgina Klein (resigned Mar-24)|Oct-22
Dec-21
Dec-21
Dec-21
Oct-22
Dec-21
Dec-21
Dec-21|Parent
Co-opted
Staff
Co-opted
Parent
Co-opted
Staff
Co-opted|=
a
r
a|g
a|g|i)
a| |Basma Atassi
Victoria Coleman
Basma Atassi
Victoria Coleman|Mar-24
Mar-24
Mar-24
Mar-24|Co-opted
Co-opted
Co-opted
Co-opted|a
a||a|[a]| |Associate members
Associate members||||||| |Nick Herrtage (Real Estate Advisor)
Verity Carnevale(co-Head)
Holly Bristow (co-Head)
Claire Huntington
Jenny Newell
Phoebe Buret
Steve Williams (Finance Officer)
Lorraine Morgan (Business Manager)
Nick Herrtage (Real Estate Advisor)
Verity Carnevale (co-Head)
Holly Bristow (co-Head)
Claire Huntington
Jenny Newell
Phoebe Buret
SteveWilliams (Finance Officer)
Lorraine Morgan (Business Manager)|~
-
-
-
-
-
-
-|External
Staff
Staff
Staff
Staff
Staff
Staff
Staff
External
Staff
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|4
4|4
4|

X X Chair/ Chair/ 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 [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.]] PDBW=Personal PDBW=Personal Development,[Development,] Behaviour Behaviour & & Welfare Welfare

TLA=Teaching, TLA=Teaching, Learning Learning & & Assessment. Assessment.

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 Co-Headteachers Co-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] sub-committees. sub-committees.

17 17

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

TRUSTEE TRUSTEE GOVERNORS’ GOVERNORS' REPORT REPORT

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024[2024]

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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.

18 18

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

TRUSTEE TRUSTEE GOVERNORS' GOVERNORS’ REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

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 the] of the company company and[and] guarantee guarantee[to] to contribute[contribute] £10[EIO] 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 Trustee of 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 subsidiary, non-charitable 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

S. S. Hussey Hussey

Steven Daniela Daniela Schwartz Schwartz (Mar (Mar 31,[31,] 2025 2025 22:11 22:11 GMT+1) GMT+I) Steven steven Hussey Hussey (Mar[(Mar] 31,[31,] 2025 2025 Z[18:'] 6[6] GMT+1) GMT+I) Ms Ms[D] D Schwartz Schwartz Mr S Mr[S] Hussey Hussey Trustee Trustee Governor[Governor] Trustee Trustee Governor[Governor] Dated: Dated: 31st 31st March March 2025 2025 Dated: Dated: 31st[31st] March March 2025 2025

19 19

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 2024[2024]

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 fair view 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 UK 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 wider our 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. We We have[have] established[established] a a sustainability sustainability lead lead position position within[within] both both the the Trustee Trustee Governors Governors and and the the school's school's staff,[staff,]

who who continue continue to[to] work work together together to[to] hone hone a a comprehensive framework comprehensive framework that that sets sets out out our our sustainability sustainability ambitions ambitions and and how how we we will will work work together together to[to] reach reach these these goals. goals. This This will will include include setting setting out out how how we we might might align align ourselves ourselves with[with] the[the] United[United] Nations’[Nations'] Sustainable[Sustainable] Development Development Goals Goals (UN (UN SDGs), SDGs), where where applicable, applicable, and and how how these these might might inter-link inter-link the the partnerships partnerships of of our our various various stakeholders. stakeholders. 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 2024 2024

These These[include] include school school staff, staff, students, students, Trustee Trustee Governors, Governors, parents, parents, carers, carers, our our local[local] community, community, local[local] authorities authorities and and the the Department Department for for Education Education who who fund fund our our student student places, places, our our college[college] landlord,[landlord,] and[and]

suppliers. suppliers. As As a a starting starting point point we we have have identified identified the the following following goals goals as as best best aligning aligning with with our our objectives objectives across across E,[E,][S] S and[and] G[G] factors[factors][(with] (with specific specific relevant relevant sub-goals sub-goals set set out out in[in] the the Appendix Appendix below): below):

==> picture [354 x 169] intentionally omitted <==

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n OUAUJY GENDER OfCEN1 WORK AND
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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).] Hence, Hence, we we reinforce reinforce best best practice amongst practice 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 waste reduce waste where where possible possible and and champion champion recycling.[recycling.] Until Until the the end end of of our our lease,[lease,] 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. In[In] addition,[addition,] we we will[will] begin[begin] to[to] analyse[analyse] how how we we might might set set up up our our operations operations in[in] a a[potentially] potentially new new site site to[to] better[better] control control and and align[align] management management of of environmental environmental considerations. considerations.

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.]

21 21

PARAYHOUSE PARAYHOUSESCHOOL SCHOOL STATEMENT STATEMENT OF[OF] TRUSTEE[TRUSTEE] GOVERNORS’[GOVERNORS'][REPONSIBILITIES] REPONSIBILITIES FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2024[2024]

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 possible. where possible.

We We continue[continue] to to regularly regularly review review all all suppliers suppliers with with a a view view to to estimating estimating their their environmental environmental impacts, impacts, expecting expecting all all suppliers suppliers to to comply comply with with applicable applicable laws 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.]

Parayhouse Parayhouse School’s[School's] ESG ESG[ambitions] ambitions

By By 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 our of our 40-year 40-year history history and and our stewardship our stewardship of of its its legacy. legacy.

22 22

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 2024 2024

Appendix: Appendix: Applicable Applicable UN UN SDGs SDGs (and (and sub-goals) sub-goals)

e Goal Goal[4:] 4: Ensure Ensure inclusive[inclusive] and and equitable equitable quality[quality] education education and and promote promote life-long life-long learning[learning] opportunities opportunities for for all[all] e 4.1 4.1 Ensure Ensure that that all all girls girls and and boys boys complete complete free, free, equitable equitable and and quality quality primary primary and and secondary secondary education education leading leading to to relevant relevant and and effective effective learning learning outcomes outcomes
e 4.4 4.4 Substantially Substantially increase increase the the number number of[of] youths youths and and adults adults who who have have relevant relevant skills, skills, including including technical technical and[and] vocational[vocational][ skills,] skills, for[for] employment, employment, decent decent jobs[jobs] and and entrepreneurship entrepreneurship
• e 4.5 4.5 Eliminate Eliminate gender gender disparities[disparities] in[in] education education and and ensure ensure equal equal access access to[to] all[all] levels[levels] of of education education and and vocational vocational training[training] for for the the vulnerable, vulnerable, including including persons persons with with disabilities, disabilities, indigenous indigenous peoples peoples and[and] children children in[in][vulnerable] vulnerable situations[situations]
e 4.7 4.7 Ensure Ensure that[that] all[all] learners learners acquire acquire the the knowledge knowledge and and skills skills needed needed to[to] promote promote sustainable sustainable development, development, including, including, among among others, others, through through education education for for sustainable sustainable development development and and sustainable sustainable[lifestyles,] lifestyles, human[human] rights,[rights,] gender[gender] equality,[equality,] promotion[promotion] of[of] a a culture[culture] of[of] peace peace and[and] nonnonviolence, violence, global[global] citizenship citizenship and[and] appreciation[appreciation] of[of] cultural[cultural] diversity[diversity] and[and] of[of] culture’s[culture's] contribution[contribution] to[to] sustainable sustainable development. development.
e 4.a. 4.a. Build Build and and upgrade upgrade education education facilities facilities that that are are child, child, disability disability and and gender gender sensitive sensitive and and provide provide safe,[safe,] non-violent, non-violent, inclusive inclusive and and effective effective learning learning environments environments for for all all
e Goal Goal 5:[5:] Achieve Achieve gender gender equality[equality] and and empower empower all all women women and and girls[girls] e • 5.1 5.1 End End all all forms forms of of discrimination discrimination against against all all women women and and girls girls everywhere everywhere
e • 5.5 5.5 Ensure Ensure women’s women's full full and and effective[effective] participation[participation] and and equal equal opportunities opportunities for[for] leadership leadership at[at] all[all] levels levels of of decision-making decision-making in in political, political, economic economic and and public public life life
e • 5.b. 5.b. Enhance Enhance the the use use of of enabling enabling technology, technology, in in particular particular information information and and communication communication technology, technology, to to promote promote the the empowerment empowerment of of women women
e • 5.c. 5.c. Adopt Adopt and and strengthen strengthen sound sound policies policies and and enforceable enforceable legislation legislation for for the the promotion promotion of of gender gender equality equality and and the the empowerment empowerment of of all all women women and and girls girls at at all all levels levels
e Goal Goal 8:[8:] Promote Promote sustained, sustained, inclusive[inclusive] and and sustainable sustainable economic economic growth, growth, full full and and productive productive employment employment and and decent decent work work for for all all • e 8.5 8.5 Achieve Achieve full full and and productive productive employment employment and and decent decent work work for[for] all[all] women women and and men, men, including including for for young young people people and and persons persons with with disabilities, disabilities, and and equal equal pay pay for[for] work work of of equal equal value value
• e Goal Goal[10:] 10: Reduce Reduce inequality[inequality] within within and and among among countries countries e 10.2 10.2 Empower Empower and[and] promote promote the[the][social,] social, economic, economic, and[and] political[political] inclusion[inclusion] of[of] all,[all,] irrespective irrespective of[of] age, age, sex, sex,[disability,] disability,[race,] race,[ethnicity,] ethnicity, origin,[origin,][religion] religion or or economic economic or or other[other] status status
e Goal Goal[12:] 12: Ensure Ensure sustainable sustainable consumption consumption and and production production patterns patterns e 12.2 12.2 Achieve Achieve the the sustainable sustainable management management and and efficient efficient use use of[of] natural natural resources resources
e 12.5 12.5 Substantially Substantially reduce reduce waste waste generation generation through through prevention, prevention, reduction, reduction, recycling recycling and and reuse reuse e 12.6 12.6 Encourage Encourage companies companies to to adopt adopt sustainable sustainable practices practices and and to to integrate integrate sustainability sustainability information information into into their their reporting reporting cycles cycles
e 12.7 12.7 Promote Promote public[public] procurement procurement practices practices that[that] are are sustainable, sustainable, in in accordance accordance with with national national policies policies[and] and[priorities] priorities
e 12.8 12.8 Ensure Ensure that that people people everywhere everywhere have have the[the] relevant relevant information information and and awareness awareness for for sustainable sustainable development development and and lifestyles lifestyles in[in] harmony harmony with with nature nature
e Goal Goal 16:[16:] Promote Promote peaceful[peaceful] and and inclusive inclusive societies societies for[for] sustainable[ sustainable] development, development, provide[provide] access access to to justice justice for for all all and and build build effective, effective, accountable accountable and and inclusive inclusive institutions institutions at at all all levels[levels]
e • 16.2 16.2 End End abuse, abuse, exploitation, exploitation, trafficking trafficking and and all all forms forms of[of] violence against violence against and and torture torture of[of] children children e 16.6 16.6 Develop Develop effective, effective, accountable accountable and and transparent transparent institutions institutions at[at] all all levels[levels] e 16.7 16.7 Ensure Ensure responsive, responsive, inclusive, inclusive, participatory participatory and and representative representative decision-making decision-making at at all all levels levels
e 16.10 16.10 Ensure Ensure public[public] access access[to] to information information and and protect protect fundamental fundamental freedoms, freedoms, in in accordance accordance with with national national legislation legislation and and international[international] agreement. agreement.

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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] 2024[2024] 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 and Republic UK 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 2024 2024 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 United 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)[(I-JK)] (ISAs[(ISAs] (UK))[(UK))] 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 UK, 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] Charities Charities Act[Act] 2011[2011] 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 Act 2006 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[for] which 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.

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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 trustees’[of][trustees'] remuneration remuneration specified specified by[by] law law are are not not made; made; or or e 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 a as 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) (I-JK) 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 those considered 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[Act] 2006,[2006,] the[the] Charities Charities

Act Act 2011, 2011, and and UK UK 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;

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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 with or 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 of behalf 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 5UA[51-JA] Date: 2_ö2-S Date: 02/4 | 2025

26 26

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

STATEMENT STATEMENT OF[OF] FINANCIAL[FINANCIAL] ACTIVITIES[ACTIVITIES] INCORPORATING INCORPORATING THE THE INCOME INCOME & & EXPENDITURE EXPENDITURE ACCOUNT ACCOUNT FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2024[2024]

		Unrestricted Unrestricted	Restricted Restricted	Total Total	Total Total
		Funds Funds	Funds Funds	2024 2024	2023 2023
	Notes Notes	£	£	£	£
INCOME FROM: INCOME FROM:
Donations, legacies and grants Charitableactivities Donations, legacies and grants Charitable activities	4 5 4 5	553,391 982,861 553,391 982,861	220,218 220,218 -	773,609 982,861 773,609 982,861	,914 1,018,889 702,914 1,018,889
Investments Other income Investments Other income	6 7 6 7	43,746 83,607 43,746 83,607	- -	43,746 83,607 43,746 83,607	6,185 69,801 6,185 69,801
Total income Total income		1,663,605	220,218 220,218	1,883,823	1,797,789 1,797,789
EXPENDITURE ON: EXPENDITURE ON:
Charitable activities Charitable activities	8 8	1,489,148 1,489,148	283,234 283,234	1,772,382 1,772,382	1,786,639
Total expenditure Total expenditure		1,489,148 1,489,148	283,234 283,234	1,772,382 1,772,382	1,786,639 1,786,639
NET INCOME BETISOM		174,457 174,457	(63,016) (63,016)	111,441 111,441	11,150 11,150
Transfers between funds Transfers between funds		~	-	-	-
NET MOVEMENT IN FUNDS NET MOVEMENT IN FUNDS		174,457 174,457	(63,016) (63,016)	111,441 111,441	11,150 11,150
RECONCILIATION OF FUNDS RECONCILIATION OF FUNDS
Fund balances brought forward At 1 September2023 Fund balances broughtforward At1September2023		1,433,236	167,535 167,535	1,600,771 1,600,771	1,589,621 1,589,621
Fund balance carried forward Fund balance carried forward
At 31 August 2024 At31August2024		1 ,607 ,693 1,607,693	104,519 104,519	1,712,212 1,712,212	1,600,771 1,600,771

The The notes[notes] on on pages pages 30[30] to[to] 42[42] form[form] part[part] of[of] these these financial[financial] statements.[statements.]

27 27

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL BALANCE BALANCE SHEET[SHEET] AT AT[31] 31[AUGUST] AUGUST[ 2024] 2024

		2024 2024	2023 2023
	Note Note	iE	£
FIXED ASSETS FIXED ASSETS
Tangible assets Tangible assets	14 14	97,060 97,060	144,172 144,172
CURRENT ASSETS CURRENTASSETS
Debtors Cash at bank and in hand Debtors Cash at bank and in hand	15 15	23,571 23571 1,659,022	30,292 30,292 1,818,839
		1,682,593 1,682,593	1,849,131 1,849,131
CREDITORS CREDITORS
Amounts falling due within one year Amounts falling due within one year	16 16	(67,441) (67,441)	(392,532) (392,532)
NET CURRENTASSETS NETCURRENTASSETS		1,615,152 1,615,152	1,456,599
NETASSETS NETASSETS		1,712,212 1,712,212	1,600,771 1,600,771
THE FUNDS OF THECHARITY THE FUNDS OF THE CHARITY
Restricted funds Restricted funds	17 17	104,519 104,519	167,535 167,535
Unrestricted funds Unrestricted funds		1 ,693 1,607,693	1,433,236
TOTAL CHARITYFUNDS TOTALCHARITYFUNDS		1,712,212 1,712,212	1,600,771

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 2024, 2024, 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 Trustees The 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 27 27 to[to] 42 42 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:] Stevenffwse

Daniela Daniela9.AwateSchwartz Schwartz (Mar (Mar 31, 31, 2025 2025 22:11 22:11 GMT+I) GMT+1) Steven Steven StevenHussey Hussey (Mar[(Mar] Hussey 31,[31,] 2025 2025 18°T6 18: GMT+1) GMT+I)

Ms Ms D[D] Schwartz Schwartz Mr Mr S[S] Hussey Hussey Trustee Trustee[Governor] Governor Trustee Trustee Governor[Governor]

Dated: Dated: 31st 318t March March 2025 2025 Dated: Dated: 31st 31st March March 2025 2025

28 28

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

STATEMENT STATEMENT[OF] OF CASH[CASH][FLOWS] FLOWS

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

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||||||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2024|2024|2023|2023| |£|£| |CASH|CASH|FLOWS|FLOWS|FROM|FROM|OPERATING|OPERATING|ACTIVITIES|ACTIVITIES| |Net|Net|income|income|for|for|the|the|year|year|111,441|111|, 441|11,150|11,150| |Adjustments|Adjustments|for|for| |Depreciation|Depreciation|61,972|61,972|65,260|65,260| |Investment|Investment|income|income|(43,746)|(43,746)|(6,185)|(6,185)| |Decrease|Decrease|in|[in]|stocks|stocks|=|=| |(Increase)/decrease|(Increase)/decrease|in|[in]|debtors|debtors|6,721|6,721|2,591|2,591| |Increase/(decrease)|Increase/(decrease)|in|in|creditors|creditors|(325,091)|(325,091)|87,371|87,371| |Net|Net|cash|cash|used|used|in|in|operating|operating|activities|activities|(188,703)|(188,703)|160,187|160,187| |CASH|CASH|FLOWS|FLOWS|FROM|FROM|INVESTING|INVESTING|ACTIVITIES|ACTIVITIES| |Investment|Investment|income|income|43,746|43,746|6,185|6,185| |Purchase|Purchase|of|of|tangible|tangible|assets|assets|(16,139)|(16,139)|(42,209)|(42,209)| |Sale|Sale|of|[of]|tangible|tangible|fixed|[fixed]|assets|assets|1,279|1|,279|431|431| |Net|Net|cash|cash|(used|(used|in)/provided|in)/provided|by|by|investing|investing|activities|activities|28,886|28,886|(35,593)|(35,593)| |CHANGE|CHANGE|IN|[IN]|CASH|[CASH]|AND|[AND]|[CASH]|CASH|EQUIVALENTS|EQUIVALENTS|IN|[IN]|THE|THE| |REPORTING|REPORTING|PERIOD|PERIOD|(159,817)|(159,817)|124,594|124,594| |Cash|Cash|and|and|cash|cash|equivalents|equivalents|at|[at]|the|the|beginning|beginning|of|[of ]|the|the|reporting|reporting|period|period|1,818,839|1,818,839|1,694,245| |Cash|Cash|and|and|cash|cash|equivalents|equivalents|at|[at]|the|the end|end|of|[of]|the|the|reporting|reporting|period|period|1,659,022|1|,659, 022|1,818,839|1,818,839|

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS FOR FOR THE[THE] YEAR YEAR[ENDED] ENDED[31] 31 AUGUST[AUGUST][ 2024] 2024

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 does consequently 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[El] £10[0] 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 W114 W14 9BL 9BL

1. 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] 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). 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 have statements 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 freehold] of 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.]

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PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE YEAR THE YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

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.

31 31

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024[2024]

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 the Financial Financialcontractual contractual instruments instruments provisions provisionsare 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 Assets held held under under finance[finance] leases[leases] are are recognised recognised as as assets assets at[at] the the lower lower of[of] the the assets assets fair fair value value at at the the date date of of inception inception and and the the present present value value of of the the minimum minimum lease lease payments. payments. The The related related liability liability is is included included in in 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 interest interest elements. elements. The The interest interest is is charged charged to to net net income/(Expenditure) income/(Expenditure) for for the the year year so so as as to to produce produce a a constant constant periodic periodic rate rate of of interest[interest] on on the the remaining remaining balance balance of of the the liability. liability. -

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PARAYHOUSE PARAYHOUSESCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

1. 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 Govemors 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 2024 Total 2024	Total 2023 Total 2023
		E	£,
Donations and legacies Donations and legacies		58 58	720 720
Grants, including capital Grants, including capital	&government grants & government grants	773,551 773,551	702,194 702,194
		773,609 773,609	702,914 702,914

During During the the year, year, government government grant grant funding funding totalled totalled £773,551 2773,551 (2023: (2023: £702,194), E702,194), 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. 5. 5. INCOME INCOME FROM FROM CHARITABLE CHARITABLE ACTIVITIES ACTIVITIES

5. 5.	INCOME FROMCHARITABLEACTIVITIES INCOME FROM CHARITABLE ACTIVITIES
		Total 2024 Total 2024	Total 2023 Total 2023
		£	£
	School fees receivable School fees receivable	982,861 982,861	1,018,889 1,018,889
		982,861 982,861	1,018,889 1,018,889
6. 6.	INVESTMENTS INVESTMENTS
		Total Total	Total Total
		2024 2024	2023 2023
		£	£
	Interest receivable and similar income Interest receivable and similar income	,746 43,746	6,185 6,185
		43,746 43,746	6,185 6,185

33 33

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL NOTES NOTES TO TO THE THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST AUGUST 2024[2024]

OTHER OTHER[INCOME] INCOME

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|||||||||| |---|---|---|---|---|---|---|---|---| |Total|Total|Total|Total| |2024|2024|2023|2023| |e|i| |Other|Other|income|income|61,266|61 ,266|46,427|46,427| |Lunch|Lunch|money|money|21,671|21|,671|23,148|23,148| |Excursion|Excursion|money|money|670|670|406|406| |83,607|83,607|69,801|69,801| |8.|8.|EXPENDITURE|EXPENDITURE|ON|ON|CHARITABLE|CHARITABLE ACTIVITIES|ACTIVITIES|

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Total|Total|Total|Total| |2024|2024|2023|2023| |£|£| |Staff|Staff|costs|costs|932,361|932,361|974,758|974,758| |Depreciation|Depreciation|49,778|49,778|48,237|48,237| |Courses|Courses|27,905|27,905|30,428|30,428| |Education|Education|materials|materials|9,577|9,577|20,316|20,316| |Sport|Sport|costs|costs|-|-| |Functions|Functions|[and]|and|[outgoing]|outgoing|289|289|170|170| |Support|Support|costs|costs|(see|(see|note|note|9)|[9)]|752,472|752,472|712,729|712,729| |1,772,382|1,772,382|1,786,638| |9.|9.|SUPPORT|SUPPORT|[COSTS]|COSTS|

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Total|Total|Total|Total| |2024|2024|2023|2023| |E|£| |Staff|Staff|costs|costs|249,144|249,144|220,589|220,589| |Depreciation|Depreciation|12,193|12,193|17,023|17,023| |School|School|lunches|[lunches]|25,488|25,488|26,432|26,432| |Insurance|Insurance|25,479|25,479|22,326|22,326| |Caretaking|Caretaking|[costs]|costs|10,612|10,612|1,208|1|,208| |Hire|Hire|of|[of]|equipment|equipment|15,723|15,723|16,126|16,126| |Motor|Motor|costs|costs|9,657|9,657|11,524|11,524| |Rent|Rent|and|and|rates|rates|115,538|115,538|117,667|117,667| |Governance|Governance|costs|[costs]|(see|[(see]|note|[note]|10)|[10)]|199,767|199,767|193,833|193,833| |Other|Other|expenditure|expenditure|88,871|88,871|86,001|86,001| |752,472|752,472|712,729|712,729|

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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 2024[2024]

10. 10. GOVERNANCE GOVERNANCE[COSTS] COSTS

GOVERNANCE[COSTS] GOVERNANCE COSTS
	Total 2024 Total 2024	Total 2023 Total 2023
	.	£
Staff costs Staff costs	175,982 175,982	165,432 165,432
Auditors remuneration Auditors remuneration
Statutory audit Statutory audit	14,400 14,400	12,000 12,000
Non-audit services Non-audit services	5,400 5,400	4,800 4,800
Accountancy fees Accountancy fees	3,985 3,985	11,601 11,601
	199,767 199,767	193,833 193,833

11. 11. 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] (2023:[(2023:] none). none).

STAFF COSTS STAFF COSTS
	2024 2024	2023 2023
	i	£
Staff costs for the above persons: Staffcosts forthe above persons:
Wages and salaries Wages and salaries	1,229,333	1,218,343 1,218,343
Social security costs Social security costs	89,854 89,854	104,190 104,190
Other pension costs Other pension costs	38,300 38,300	38,246 38,246
	1,357,487 1,357,487	1,360,779 1,360,779

The monthly average number of persons (including senior management team) employed bythe charity during the year expressed as full-time equivalents was as follows: The monthly average numberofpersons (including seniormanagementteam) employed bythe charity during the year expressed as full-time equivalents was as follows:
Average employees in the year 44 44 Average employees in theyear 44 44
The number of employees whose emolumentsfell within the following bands was: The number ofemployeeswhose 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 £288,029[E288,029] (2023[(2023] - -

272,363). £272,363).

35 35

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

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

FOR FOR THE THE YEAR YEAR ENDED ENDED[31] 31 AUGUST[AUGUST][ 2024] 2024

13. 13. OPERATING OPERATING LEASE LEASE COMMITMENTS COMMITMENTS

As As at[at] 31st 315 August August[2024] 2024 the[the] school's school’s[annual] annual commitment[commitment] under[under] un-cancellable[un-cancellable] operating[operating] lease:[lease:]

						2024 2024	2023 2023
						£	£
Operating Operating	lease which leasewhich	expired expired	within within	1 1	year year	45,000 45,000	79,051 79,051
						45,000 45,000	79,051 79,051

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 2024 2024

14. 14. TANGIBLE TANGIBLE FIXED FIXED ASSETS ASSETS

		Leasehold Leasehold	Furniture and Furniture and	Motor Motor
		improvements improvements	equipment equipment	vehicles vehicles	Total Total
		£	£	iz.	£
	Cost: Cost:
	1 September 2023 1 September 2023	241 ,469 241,469	226,883 226,883	30,172 30,172	498,524 498,524
	Additions Disposals Additions Disposals	- -	16,139 (13,295) 16,139 (13,295)	- -	16,139 (13,295) 16,139 (13,295)
	31 August 2024 31 August 2024	241,469 241,469	229,727 229,727	30,172 30,172	501 ,368 501,368
	Depreciation: Depreciation:
	1 September 2023 1 September2023	135,958 135,958	188,222 188,222	30,172 30,172	354,352 354,352
	Charge for year Eliminated on disposal Charge for year Eliminated on disposal	33,852 33,852 -	28,120 (12,016) 28,120 (12,016)	- -	61 ,972 (12,016) 61,972 (12,016)
	31 August 2024 31 August 2024	169,810 169,810	204,326 204,326	30,172 30,172	404,308 404,308
	Net book value: Net book value:
	31 August 2024 31 August 2024	71,659 71,659	25,401 25,401	-	97,060 97,060
	31 August 2023 31 August 2023	105,511 105,511	38,661 38,661	-	144,172 144,172
15. 15;	DEBTORS DEBTORS
					2024 2024	2023 2023
					£	£
	Trade debtors Trade debtors				1 ,229 1,229	2,339 2,339
	Prepayments Accrued income Prepayments Accrued income				22,342 22,342 -	19,003 8,209 19,003 8,209
	Other debtors Other debtors				“	741 741
					23,571 23,571	30,292 30,292

37 37

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

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

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024[2024]

CREDITORS: AMOUNTS FALLINGDUE WITHIN ONE YEAR CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024 2024	2023 2023
	£	£
Loans and borrowings Loans and borrowings	56 56	226 226
Trade creditors Trade creditors	3,725 3120	29,472 29,472
Taxation and social security Taxation and social security	37,154 37,154	30,628 30,628
Accruals and deferred income Accruals and deferred income	26,506 26,506	22,797 22,797
Othercreditors Other creditors	-	309,409 309,409
	67,441 67,441	392,532 392,532

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 2024 2024

17. 17. RESTRICTED RESTRICTED FUNDS FUNDS

RESTRICTED FUNDS RESTRICTED FUNDS
		1 1			Transfers Transfers
	September 2023 September 2023		Income Income	Expenditure Expenditure	Between Funds Between Funds	31 August 2024 31 August 2024
		£	x	£	£		x
Restricted funds Restricted funds
School Condition Allocation (previously Capital maintenance) School Condition Allocation (previously Capital maintenance)	86,729 86,729		-	(45,468) (45,468)	-	41 ,261 41,261
School Condition School Condition	13,290 13,290		-	(3,054) (3,054)		10,236 10,236
Allocation — Energy Allocation — Energy
Efficiency Grant Efficiency Grant
Devolved Formula Capital PE & Sports Devolved Formula Capital PE & Sports	19,121 13,463 19,121 13,463		6,654 10,000 6,654 10,000	(4, 190) (6,945) (4,190) (6,945)	- -	21,585 16,518 21,585 16,518
Pupil Premium Pupil Premium	4,255 4,255		24,703 24,703	(26,897) (26,897)	-	2,061 2,061
Pupil Premium + Pupil Premium +	-		2,685 2,685	(1,153) (1,153)	-	1 ,532 1,532
Recovery Premium Recovery Premium	11 ,276 11,276		26,077 26,077	(26,027) (26,027)	-	11,326 11,326
Teacherpay Teacherpension Teacher pay Teacher pension	7,364 12,037 7,364 12,037		56,583 88,757 56,583 88,757	(63,947) (100,794) (63,947) (100,794)	- -	- -
School Led Tutoring School Led Tutoring	-		4,759 4,759	(4,759) (4,759)	-	-
	167,535 167,535		220,218 220,218	(283,234) (283,234)	-	104,519 104,519
		1 1			Transfers Transfers
	September 2022 September 2022		Income Income	Expenditure Expenditure	Between Funds Between Funds	31 August 2023 31 August 2023
		£	a	£.	£		£
Restricted funds Restricted funds
School Condition School Condition	61,832 61,832		66,439 66,439	(41 ,542) (41,542)	-	86,729 86,729
Allocation (previously Allocation (previously
Capital maintenance) School Condition Capital maintenance) School Condition	-		14,874 14,874	(1,584) (1,584)	-	13,290 13,290
Allocation — Energy Allocation — Energy
Efficiency Grant Efficiency Grant
Devolved Formula Capital Devolved Formula Capital	16,982 16,982		6,692 6,692	(4,553) (4,553)	-	19,121 19,121
PE & sports PE & Sports	19,434 19,434		8,000 8,000	(13,971) (13,971)	-	13,463 13,463
Pupil Premium Pupil Premium	6,163 6,163		28,501 28,501	(30,409) (30,409)	-	4,255 4,255
Recovery Premium Recovery Premium	7,250 7,250		23,778 23,778	(19,752) (19,752)	-	11,276 11,276
Teacherpay Teacher pay	-		12,950 12,950	(5,586) (5,586)	-	7,364 7,364
Teacher pension Teacher pension	12,037 12,037		-	-	-	12,037 12,037
School Led Tutoring School Led Tutoring	-		8,677 8,677	(8,677) (8,677)	-	-
	123,698 123,698		169,911 169,911	(126,074) (126,074)	-	167,535 167,535

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.

39 39

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.

40 40

PARAYHOUSE PARAYHOUSE SCHOOL SCHOOL

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

FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] AUGUST AUGUST 2024 2024

18. 18. ANALYSIS ANALYSIS OF OF NET NET ASSETS ASSETS BETWEEN BETWEEN FUNDS FUNDS

	Unrestricted Unrestricted	Restricted Restricted	TOTAL TOTAL
	funds funds	Funds Funds	2024 2024
	£	£	£
Tangible fixed assets Tangible fixed assets	7,580 7,580	89,480 89,480	97,060 97,060
Current assets Current assets	1,682,106 1,682,106	487 487	1,682,593
Current liabilities Current liabilities	(63,543) (63,543)	(3,898) (3,898)	(67,411) (67,411)
	1 ,626,143 1,626,143	86,069 86,069	1,712,242

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	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 1,836,856	11,530 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

4] 41

PARAYHOUSE PARAYHOUSESCHOOL SCHOOL

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

19. 19. PRIOR PRIOR YEAR YEAR STATEMENT STATEMENT OF OF FINANCIAL FINANCIAL ACTIVITIES ACTIVITIES

	Unrestricted Unrestricted	Restricted Restricted	Total Total
	Funds Funds	Funds Funds	2023 2023
	£	£	£
INCOME FROM: INCOME FROM:
Donations, legacies and grants Donations, legacies and grants	533,003 533,003	169,911 169,911	702,914 702,914
Charitable activities Charitable activities	1,018,889 1,018,889	-	1,018,889 1,018,889
Investments Investments	6,185 6,185	-	6,185 6,185
Other income Other income	69,801 69,801	-	69,801 69,801
Total income Total income	1,627,878 1,627,878	169,911 169,911	1,797,789 1,797,789
EXPENDITURE ON: EXPENDITURE ON:
Charitableactivities Charitable activities	1,660,565	126,074 126,074	1,786,639 1,786,639
Total expenditure Total expenditure	1,660,565	126,074 126,074	1,786,639 1,786,639
NET INCOME NET INCOME	(32,687) (32,687)	43,837 43,837	11,150 11,150
Transfers between funds Transfers between funds	-	-	-
NET MOVEMENT IN FUNDS NETMOVEMENT IN FUNDS	(32,687) (32,687)	43,837 43,837	11,150 11,150
RECONCILIATION OF FUNDS RECONCILIATION OF FUNDS
Fund balances brought forward Fund balances brought forward	1,465,923 1,465,923	123,698 123,698	1,589,621
Fund balance carried forward Fundbalancecarriedforward	1,433,236 1,433,236	167,535 167,535	1,600,771 1,600,771