Registered Charily No.. 1100392 Registered Company No.. 04347052 ST GEORGE'S SCHOOL WINDSOR CASTLE IA COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITALI REPORT AND ACCOUNTS 31 AUGUST 2024 SOR c
ST. GEORGE'S SCHOOL WINDSOR CASTLE REPORT AND ACCOUNTS 31 AUGUST 2024 LEGAL AND ADMINISTRATIVE INFORMATION Appolnted Reslunedl Retlred Commlltees Ikfjyon page 11 SD TRUSTEES.. The Rlghl Reverond C J Cocksworth 30-Nov-23 Tho RfrV0n Canon Dr M Powell The ReveTgnd Canon M G Poll Mr¥ T Bla¢klby Mr I Cannlng Mrs J Cornell Mr J Dahl Mr F French Mrs B Sallsbury H Sahdom Mrs C J Scolt F&GPC 01-Sep-23 F&GP, SD, G G.SO FSGP. G. SD E,SD F&GP. SD CLERK TOTHE SCHOOL COUNCIL & BUSIPQESS DIRECTOR.. Mrs K Chorley HEAD.. Mr W D J Goldstnllh-to 31 August 2024 Mrs E Karolyl from 1 September 2024 COMPANY NUMBER.. 4347052 INCQRPORAMON DATE.. 01 September2006 1400392 CHARITY NUM8EIt'. ADDRESS: st George's School Wlndsor Ca5¢19 Wlndsor ¢asllg Wlndsor -91.4 1QF REGISTERBDADDRESS.. St G?org?'s School Wlnd8or Caslle Wlnd$or Ca$llo Wlndsor SL4 1QF BANKERS.. Barclays Bank plc 29130 Hluh Slro8t WlndBor SL41PG AUDITOR.. Haysmac LLP 10 Queeii Street Place London EC4R 1AG
ST. GEORGE'S SCHOOLWINDSOR CASTLE REPORT AND ACCOUNTS 31 AUGUST 2024 INDEX PAGE TRUSTEES, REPORT 14 REPORT OF THE INDEPENDENT AUDITOR5 STATEMENT OF FINANCIAL ACTIVITIES 10 BALANCE SHEET CASH FLOW STATEMENT NOTES TO THE ACCOiJNTS 13-20
STGEORGe's SCHOOL WINDSOR CASTLE TRUSTEES. REPORT 31 AUGUST 202A The Board olTrusieey preseniglhe reportgnd financlgl slalemenwol Sl George's School Wndsor Ca$Ue f¢rihtry¢artndei$3f August 2024. The annual report and financlal siaiemenls for the year have been ppared In aecordancewtth A¢¢ouollng 8nd Rewrting ol Charibes. Statement of Recomtnended Pracbce 3pplI(zble to charitie5 prepgrin9 thelr 2ccount3 In ac(JYdanwth th$ Finan¢i31 Repotting Stand3rd apble in ihe VK and RepU1G ol Ireland IFRS 1021 letfedive 1 January 2019} and the compAnAt12006. STATUS The Sthool Isgovein£d by lis Athles ofAs531K)n, a5 amendedan 19 November 2021. estsblL4hedunder theComp8nle$A¢t 1985. The mpanY1$ Ilmiied by yvarnni¢tswith¢ulshare Ca11. ORGANISATION The school 15 govemed by the SchDoI Council fihe Coundl?. who are also the Charflable Company's Thieclors $ttd Tru$leos IsomBlim8s releiied lo as GoyeinDfS or CounLyl Membefsl, Gonsisling ollhe Dean and Canons ol Tmndsor and olherappoinled membeis IL$ymembersl- The S¢hwl ¢ounial Is a $ell-appoinling budy, wilh eath lay metnber serving an initial lemi of 5 years. Rellrlng membeis may sland lor ie.elecUon up lo a mbximum tem) 01 10 ypat& Cuirenlly Iheie are el8ven m8tnbgFs. The sch Council Is quorale when the numberof volln9 membersls eqvlvalèni10 the number ol De$n ¥nd Carto$ limfjs iwo atKI adding one. Poienllal new Tiusiees 8re 8ppio$¢hed by Ihtr Govornance. Cofflplianc8 and Nominabons Cotntniltee In consultation wlh the Chairman of Ihe Schcd Councll. lo esiabllsh Interest Qv8lifi¢air¢n$ ani$6xpeii8n¢eof candidaie$?re as5&ssed against a skills tnabix lornainlah a baLand scho Coundl. The School Council, which meets ieimty. 1$ responsible foi slralegic planning lo mpel SGhool's obieclives and develop stralegyin relation io acaderniomallers, finan. 8dmlnisiraiion m8fftling. TheS¢hool Covndl h¥$ e$i¥Wisheda number of committees lo provide fflore Oelailed COnderation ol spedlic fflaller3 prOe recommend•ik$ ¥nd sugu&sYoD$ 10 the School Council. All (vmmiltees refvtolhe School Counc51 termly. These comrnillee5 include.. The Flnance and General Purposes Commmiee, whlch mniiors ihe finanGyaland legal tnanagemenl of Ihe School., Tre Education Comrniltee, which conslders plans lorlhe8¢8deml¢, cuiiE¢ulum and mu8l¢aldwebprnerfol th& Sth)ol Including slaffitbg, The SAfeouardlNJ C¢mmiiieÈ, whlch cons61$ all ¥3ffjgu3rding and thlld pioleclvjn malleis. Including Iheoverall weware and wellbelng of Ihe Choristers and olherboarders., Tmo tsDv$rfianco, Gomplian¢e S Nominations Cofflmilleg, i'ihich nSiderS best piacbGe forgovernan and leadeiship of the School aswell a$ en$urfrtg 8ppioprlate oversighlof iegu1aloryc0m1ae. Tre 51Talegy & Oevdopmenl Cofflfflillee, whleh oversees the ImpMen1a1knn of the ove1811 $trategy. ¥8nIng and developmenlof the School Including marketing, admi551on5 and alumnl aelvity- Thedaylo dayopeialrons ol the sc1 ale rnana9ed by the Head and the Buslness Dlre¢ior. 8$919ted by the Senlor Le8der$hlp TeaTn and the y1e[Sta1(. TheTruslees are$?Ilsfled that th2aCUntAeoMPW1th slaiutory requlremenls atbdthe ChaiitVs PDveininp dLUtllen. TRUSTEESIDIRECTORS Isehool Counclll Trustee5 servino durin9 Ihe yeai are sel oul on the Legal 2nd AdmlnisirÈtive Inform$1 page ol the80 a¢¢ounts. T cotnmitlees onwhith the Iruslees seNed in the year aTe also indicaiedon Ihal lab The following commiitees rneel lermly.. Eduealion IE). FlTr8nte & General Purpo$e$ IF&GPI. Safeguaidlng ISI, S1181fygy & DevelopTnenl ISD}, Goveinance. cotllgllan & Nominabons IGI. Chd8topher Co¢ksworth betame Dean of Wndsor. 3 mBTnber of the scho cnl, in Novetnber 2023. The sch.6 Artide5 of ASatin prowde thal Ihe Dean ol MThndsor Is ordinarity ihe Ch¥ii DI counul and SD ID Juno 2024 lan CaTrniDp stepped down as Chair lo allow ChfislopheT Cocksworth lo lake up Ihe role. The scho are Qfaieful io l¥n for hls glfl¢ont onliibuiion lo Ihp School duTing his lime as Chairand are eaSedlhal he fernaSns amemberofthe board 2nd theVI Chalr ol Coun¢ll. Tho ¢Dvntylwete atsodtllghitrd lowe1(mTraceY Blacklpy, a risk and audit5pall$l, the CounGiI Iiom Seplernber 2023.
ST GEORGE'S SCHOOL WINOSOR CASTLE TRUSTEES. REPORT 31 AUGUST 2024 THE SCHOOL Sl George's SthcM)I Wndsoi C8$Ue has an •lmo$i unbiok¢n hblory golro b8ck lo the duty, eBiaNiSh by slalule in 1352. 10 edu(Hle Ihe choi1$8 who a¥sl$i Wrfh the worthlp kn Ihe Queen'$ FFee chap ol Our Lady, Sl Edward the Confe550r Sl Georg&ifi WindsorC8s11e. The schwl ha5 expanded over the turfe5 and now edurAles gms and boys girt$ from 8ge 3 to 13 &lOnge the Chorislers. In the yearendBd 31 Augu$12024 ihe School h8d a ioil 01325 sludertls12023.' 333 sludenlsl. &>ardln9 15 avai1aNe on aweekly Dr flexi b¥$l$foi all st6n1$ In Yo¥r4 and ¥bove. Wrfh all chorlslers belng weekty boarder5. Ihtobl8doI the ¢har5ty. 89 seloul In theArte5 ofAssodalK)n, L4 to pronK>leand PF0ve for Ihe advancemtrni¢l edu¢4iknnof thITh In Ihe Un51ed ngdoM and eL4ewhere. OLIR MISSION STATEMENT To ignittr inqulry. Insul a passknn for leamlng and f051er our Chri51ian values. Through Inspi1iinal teathlw. our ehlldr8n deYet¢p the mindsel8nd skilLs io navigate Iife'sopWunibeB and conlribule toa 9lobal tty. AIMS Our w$h)n 1$ ih81 sludeTrts become Real Ready. Recognlsinp the need to feitnayino ¢du¢¥iion 8nd kn wepare giudents foi the fulure. Ihe schod seeks lodeliver secior-leading educaliDn and a vnNue'le3merlouiAey'foi student$. ACTIVITIES THAT CONTRIBUTE TO THEACHIEVEMEPQT OF THE SCHOOL'S AIMS The sthoDI is fully 8UlhoH$ed 10 delver ihe InleinaiiDng1 Baccalaureaie Piimary YEars Progratnmp {PYPI, an inquiry led appro3rh 10 edu¢¥llon 8nd Is a full member ol the global Round Square netwoik Ini¢rnaiionalism. Democrscy.. Envlronmeniallsm.. AOvenlure-. Leadeiship and Service. Sludenls iako part Ih servtr Eeainlny piok¢t$andedl8boraievéllh s<oolsfrom aroundlhe nei%York in le550n brne. 50 bioadtrningiheli vndei$tsndlw Df Ihelr p[n the works PUBLIC BENEFIT SIG0$,$ s¢101 1$ a charl13e truslvthlch seek5 to benefit the pu11hrough Its alms. The Schtyy alms looffer financial supportequlvalenl io allea515%01 grosgfees 10supporisludenis allendin9 ihe school and the Twsiess iegulaity iscuss and rewewlhp Sthwl's buisary pd¢y 10 ensuiÈ il msn8 leY3Th18nd appropriale. During ihe yoar ended 31 Auyval 2024, 12% of students reeEfve6 som&foim som&form oifin¥n¢tql support12023.' 16%). with lolal sup equalling S%olgio$$ fees12023' 5%grossfeesl- The SehDoI 18 proud to have founded'Schou15 I Partntrshlp in 2021. an Inllkilivewih a forvjieim ambllkn lodeve1op. sustain and promoleen6urino partnershipSvlh olher sthools In ihtrWnd$or a. loi Ihe benefll olslatfand gludenls a5well as the widercommunity. Ouring the 202314 year 51ud$fiiS fiom Olhei schools allended ouldoorlearnlng workshop5 and an e4ucaiional syfflposium Ihioughlhl¥ p¥rtntrr$hlp and ho$dg1 the School. Siatl Irorn morelhan 20 lopAI schoolsattendedev4n held by the Patln8ishop on topl¢s Snduding le3dershlp and digllal learfiln9. YheS¢h¢d a¢b¥6ty $eeksts)mmunty engagernenl ac1055 the (¥J[TlUM and-rrCllIar piogramtnè. Durinu Iheyear $ludtrtl$ OtIOSS Ihtr Scho frtused an selve learning projpctswhich both educaied Ihe students aboullhewoik ¢1 lo¢al oiyanlsalions and provlded sludenl led oppotiunilies lorfundraislng and pr?clic31 SUPPDrt. r¥l$ed ljnds Ihrough a varkty ol aclivllles and 5pon50red events. many sludBntsspenllime on $iitr¥l lh¢ ¢h81ilitr$ihBy had been r$lln9 lunds for ActivitS Included. collecling for, deliveiing lo and helping ln the hub ¥1 the Wod$oi Food Shale-. Cle8nlng pens and deeoralino alswan Lilellne. donabtkg profi15 fromlhe'lenner th?118ngè bu$lne$stompelltlon lownlon House care home 8nd collecling an donating funds and resourcesfor bal$8 ¢ai$aftd Dogshome, Wndsor Homeless Prolecland Tharnes Hospice. The sthotrl also supported local org3nisalion$wilh Ihe108n ol ychool rninlbu5es lo support events thp5 for loral choils and community groups andwgre e38$d 10 8galn support Woklng Hlgh SchLK>I's Drama department ihfough th2loan olslaging and provlslon ol ear pafking lac¥litl0 Ihaii G¢SEsludeThls foi a theabe w511 towndsor.
ST GEORGE'S SCHOOLWINtsSOR CASTLE TRUSTEES, REPORT 31 AUGUST Z024 STRATEGIC REVIEW ACHIEVEMENTS AIID PERFORMANCE Revlewof tlie Year The yeai W2A a busy And succeyslul one, the PYP cuciltulum eonllnulng io be embedded vp to Year 6 And Ihe further breing of a Hlgh performan LeaFnlng approach wlh the PSBskills fram)rk foryeaf 7 and8 Afull calendarof trips, visils. evenis and performances induded hhligh1$ suth a5 an exchange pr(wJramTne Krylh Pefflbroke School in Kenya lor year7 and 8 sludBn15. a Gala show¢asiTr9 ifidividval and group ill¥lrumBnlal and choial porformances. the conlregi8¢e b81 'Aiion and the Oolphln,, w¥t¢htrd by its ¢omposei. Jonaih¥n Dove, Sl Geoioe'A Chopel. o ¢h8mber Choir Chrfsim8$ con¢eTI in Sl Jame8. Church In Londcpn and lo the Nonh Wesl ol Engl2nd In May. ngllvily and hae31perfOrManceS from )tindergarten to Year2. drafflaticproduclions foT year4 and 5 a5 well a5 aYear6 produciioTr ol Emll and the delecbves In the Old Courf Thealre. The end of year re51denlial liips were aoain a great success lIh th& resumption of oveTseas trip5 lor ihe first tirne since 2019. Sludenls fiom the Eco Cluè worked lirelessly ihrough IhFyearlo 18lse awareness and encourag8 action ifi r&laliun toourimpa¢i n Ihe envjronmonl 3nd dim¥ie th¥ny$ Ihtr s¢hool ag81n awarded a Green Fl¥g Award wrylh Dl¥iin¢bon 8$ a $11 of iheae ellortA. The end ol Ihe ye2r hloh11ghl foi many 3ludenls was belng able 1018ke thelr parents lo vls11 a spec181 exhibibon of ihelr Art wrk on display In the Cha1 Cloisters Work Irorn every sludenl Irom Year 2 10 8 sh{Ased the diversity of art sluoied and hoyé the e5 linked lo each of the siuidenys yeT leaining and was Been nol only ty latnilies bul aL40 by sevei ihou5and vi5i1015 to the ¢asll&and Cha1 ihpexhlbilion. Pupil numbers al 301 in SpplembBr 2024. IDwei than hD9fjd, r¢flecl a small cohort In Y7 Increasing uncértainty In the wder Independtrnl 5thoDI'$ se¢tor. N¢verihtrle$$. ie¢ruiiment Ihlo Kirtdeioarttrn r¥m¥ined Strong and, folltyNing on flom eveni$ Ihioughoul Ihe la$1 ¥¢ademl¢ year. the s¢ho¢l held a Sueceslul 8nd wèll alrtded open mornlngs In early October 2024 and March 2025 The 8dmlsglons learn remains busy wth Irequenl visits and tours fiom prospecVe families who indicale greal Interesl In the 5choo1's progre551vecurficulum bul there Is no doubl ihal the ItllP051110Tr of VAT has had an ImpaGI on alfordability lor some latnilies and sludenl numi[8 afe lowei than in Ihe pasl. Rewiltnenl and ietenbon ol studenis a5 W811 as diveisificalion ol iTrcomB slro3rn8 romain key arts$ of fo¢u$foi th¢ Tw$ke$ and SthNI l&ad£r8hip. E¥alu¥iion of obl•¢iiv•8 The Bchool's main objectives lor theyear were.. to dèvol¢p th4 t•a¢hlng knd 1è8mlng through turrtclllum dEvèlopmnt and slarfprofasglonèldèvèlopment The SchIcontinue61Q embed the PYP hawTrg recIed lorfflal accrediialion as the first s13ndalon8 prep sthuol lodo so In surnmer 2Q2?. Furfh8rwoTk ID iTriegraltr Ihfj printiplES 3pproa¢h of Hi9h perfoTtn8nce L&ainingwth IhB PSB pr¢ur4mm¢wa$ undÈrt¥ken loensu an elfecllve and siieamllned approach for Ihe oldesisludents ai the school. The Seco year ollhe relreshed appialsal progr£mrne wenl¥ve11 Ivilh regularreviews. dk4cus8lon and t3raelse1no enaNing High Performance Learning World Class School ROUND SQUARE to •nh&nco and dvilopwollb•lng InlUAtlves throughout Ihèschool P8$iwI ¢¥ie #ndwelltyelng iemalned attheIe olthe schrd th the Head of Sale9U8rdlng and Wellbdng worklng d05elyYAth Ihewlder 51alf and lamilie5 105upwilsludenl and staff wellbeing. Ourqualified Mental Health FiislAid Tiainer delivered training logfoupsof stallatbd paieTrts du15ng the year ¥nd Ihl$ piogiomme Kill be ¢onlinued Ihrouoh 202415. For thÈ Sen year. Sludenl3 year 8 were Iralned io lorrn 2 team ol"Peei Llslers" proV1n9 anOeropl10n for sludenlsvhK>mlghlwanlsotneone io Iislen loor seek advi Irom. The Wellbeing trlubhas continued toprovide ayRing. hotnely8pace forrelaxecl btoaklimos 3nd doliyoryol pa¥ityal svppprt thal maybe nÈedÈd irte1udln9 thrgh on SI counselllng lacllilaled by Ihe school And mvslc therapy sesslon5wth ihe school Chaplain Olive, the seltool doa conbnueslo playa keypariollhe Scho wellbeing team and ha5 e51abli5hed her0"[a[ld09 wks" as part olthe wellb8ing pio9ratnTne.
ST GEORGE'8 SCHOOL VVINDSOR CASTLE TRUSJEES. REPORT 31 AUGUST 2024 promoteMu91c and Iho p&rtormlng for 811 And to Improve Instrumental muslc Th8 8chDol¥d¥$¥foom muwc Ind trXi$ling pl0vlon lor Instrument iulllon and chora1 ¢prtunItyeS ¢onUnued to excel and a¢hittve hlgh siandards and hlyh pariityp¥bon. Allgned With a goal lo expanding range and qu81ity ol rnusica opportunllie3 available lo sludenis, 811 classes recleve speda1191 music lesson5 a5 part ol their limetable, with Year 3 51udenls all learning Iheviolln. Pie Prep students iaking part in diutntning wotkshops obJer8ludenis a lluTnbtrr of Insiwtnenla1 ensemNes as Ihe 5ouinBy to lull school orthestra ¢oniinu¥s. In addilv)n lo ovenins ¢on¢¢rts lor in3lrufflenialisi$ and les5 lorffl¥1 lunchlim8 QJSton conctrrf¥ for student$ to pia¢ite performlrtg 10 on audien¢e. Iheie were numerou$ perf¢im8n¢e$ by the variou$ tholfs and Ihe Ch¥mber Cholr performed In several nIC venues across Ihe North We$1. Al Ihe end ¢1 Ihe year 8n audlenee ol over SOO enjoyed ihe choral £nd Inslrumenial perforManS on show 81 the Gala Concert in Sl George's Ch8pel Casiie side R8dio- a sludenl ledweekly radlo bioaéca51conlinued lo bri9hlen FFlday Mornlnoswiih popul8r musio Inietvlews features Ihioughoullhe year. Sludenis from Kindprgarten lo YeaT 8 weieencovragedto lake part In dramab¢a¢bYrfi&s IhroughlhtyO8rwith H¥tve$i8nd Nalivity performances in Pie Prep complemented by'class assetnblie$" held f¢r pa¢ni$, dr$m& embedded in ihe limeiable for all yea[ goups up lo Y&aT T and ws11ing dr3ma workshops lrt¢luding the Icench The31 Company lor year S and e. An increastr in $t¥ff meani ihai il Was PO$8lble offer a reeord number o151udenls the chanee io lake speech and dr8rna ex$mlnaliDns. mosl achleving Dlsunciitsn We are delighted that. from Sepiember 2025. diama 111 be on liffleiable for all Year orouDY. to bulld commnIty engagement and enCoTage staff and students to be awarg of tho &hvol'8 8oElal Thg ha$ 8ndoavovred io 1h Sha Fe8¢uree$ and enrrjwage sod81 re3pthisl1IlY and awaieness auoss the ¢ommunty- A$ t1•dY menuoned, the Iocvs on Serv5 learning has piovlded sludeTrlswilh opportunibes io con5iderand conlribulelolocal charilles andorganlsationswhilsllhe Schoo15 in Partnershipinilialive ha5 given a numbef of opportunities io benefil staff and sludenis acr055 the member schoo15 in the year. Other activiiies hav8 included hosting a sla11 al ihe Eton Acbon Falr in aid ol the Geoige V day TrI[e. th8 awaid of a Green Flag wilh di$iin¢tion award for Ihe $etond year and patiicipalion and sUPWrt lor the Windsor Rostr and HortiwKvr$1 Show. with Ihtr $¢h¢ol ho$iing a'We11belng Tlpl" and sludenis conlribulin9 to ihB fflU5its1 eni$rfalnmeni ai Ihe eveni. Alumrtl links unllnved lo develop vAlh successlul events held ?1 Christma¥ and again duArtg Ihe $ummer term enabling former sludenis and IheSr lamilles lo MaIn engaged with Ihe school. Theseevenl$. ¥lono With aclivlliesmade possible Mlh SchOS acro55 Iheworld through the Round Square membei$hlp. h¥ve allowed sludenis and sialf ioconsider e&r in andcontribulK)n lo sthool, rA1 and global sorAety. The school h$$ nIsed to Inves1 In the facllibes WI the maln foGVS belng in devdowng the Pfe Piep and 5PEofiGal nderogrten room. uealln9 a calrn andopen Spa for our youngest 51udenls. The Sch1 Council conlinue to mnsidei a number ol prowsa15 for developmentof ihe physical School sile, mindlul of ihe need lo balance ensufing th¢ trdvtsiional offerrerTra1n5enllh fuiuiefinanil security.
ST GEORGE'S SCHOOLWINDSOR CASTLE TRUSTEES, REPORT 31 AUGUST 20Z FUTURE PLANS The Schw1 Iswell wopiessed delNering ils atnbilious2025 stra01¢¢J¥alOPmeThl an and MIlD$ io the re $1ond¥of Ihlswhilsi ¢oniinuiny to reviw11$ evo1uiion beyond 2025. H8ving £chieved formal acciediiabon lor e PYP In 2025 locus ftow Dn further embeddlng Ihls programme on ensuTing the Cufriculuffl In Year7 and 8 fetnains relevant, £pprowiaiely rigorou5 and enables 51udenis io leave Sl george's equipped forlhe fulure. We r8m3in rommilled loourvisknn foi Biudenis beinp'Real World Ready., an obiectivewhlth remains allhehoartof tho w$ion for ihe $¢h¢ol as11 moves lorwards In coming yearother ObjIlV&S(e". under our plll8rof If£nslormalknnal learnkng, conunulng toenhance a SeCtor-adi CJ1urn an<$ leawnerlouffiey. buikjing on the acciediiabonsand reco9nilion aGhleved In 2023 lodevelop robust traing proces$tS". e rollin9 oulof rnenlal health IralniTrg auoss Ih&commuNiiyand the fudh8rdeveWmeni olmind Up auoss the xhool as part olourfocus on wellbping., ensuiinu breathhof opporlunlty acioys the Crealtve gnd Perfoiffling Artslacullles. central to the holstlGedurAlion forour siudenls.. conllnued prornoiion and eJp[nenlQI Ih&s¢hool's proud Schoois, partnershlpand focus on SeCe le8mlng Ihrou9h the SIGeDro¥$Award. The8rd fa¢hg reach of theschool, whlch V11 Indude fund[aln9 for bursaries, and engagement wllh slumnland the lo¢ commvnlty. Is nrrdlrl straleglcpillar. The 5th1 coniinu85 IDvioikhardwilh par¢n15. $ludenis, te8chers2nd oiher3lakehoklers toa menage the schoDi In Iwhlof ¢h¥nglhg edu¢3li¢n31 land$p&s, thal yeodemDgraphlc3and challengin0 political and economlc headwinds. Thisworf enables Ihe Goverrtois lo ensure school remains a safe enwronmpnl forall and ensures ellec11v@ managemenlolltF rinanclal. operaboTral. straieglcrisksas%)cialed with Ihe uncertaintyoverlhe currenlecornmi¢iualtoTr. Allhtr d$tsof ihls ieportlhe GovettLors, whilslnolcotnplacenllo som&of th&11¢h81ny¢s faung Iho Ind¢pendenl edu¢8Von sector, conllnue lo be oplimislir ihallhe woik done- and ¢Qnlinulng- will enable Ihesehwl to be SucSsIU1. FINANCIAL REVIEW Totsl Incorne for theyearwas ES,768.8W12023'. ES,447,021},ofwhich gTOSS S lees tolallEd £5,868.30112023. L5,584.0901 and buFsaries and scholaiships piowded io students tolallBd £305,fjfj1 12023. £293.5$61. The school has £lmillM Invested In a managed charity asspl lund. The (und has a target ]urfi ol RPI + 4% per annum 8nd Toial expenditure the yearwos £5,974,492 12023." E5,453,9191. Th8 largest caiewy of expBndilure Is St8ff to$ ¥llhough ese have lallen as a Yo ol nel lees as a consequen¢e ol rareful plannin9. The IDl81 number oiieathing staff emplDyedwas60 12023-. 571. Costs lose in a numbeT ol a183swilh Ihttfull yearlmpad ol ttewa10f long lM electrlaty contraci581 hlghei rates Y¢abb, yenei81 Inl8Uon lvnnlny altth leve198nd prolessknnal lee5 beln9 hher than in recenlyeais. Thg $¢hts TrIlOye$ lo plan inves$ThI In f8dllliè$ io Support Ils edueallon81 provlslDn Dunng the year this ha5 indude lurther developmentslhOè0ardbrng House and Inveslmenlln le1uFSh[nenLO[Ihe Kindefgatienda551QOtn. Capital exp&ndrture iolalled £264,31812023.' £515,941lwilh rnuch of ihis represeniing ihe fai¥lilies invesitnenldesrribed. The feporte¢ a iesull lor the ye8r of 8 neldefiulofE138,75012023 neldeficll.. £71,334). Afuller 5umtMary ollhe iesulis oftheyeafs aciivibes Is in ihe Stalemwiof FlnandalA¢b¥iiitrs. The s¢hool h¥$ noi e89¢d In $ny fundral$lng ¥b"V[e8 durlng the year but L4 acbvdy expknw raules through development and fundr21 acyty can be enhanced and amblbons realised. Rlsk8 athd r•sory05 The Sthool Council havtagre8d Ihaiwllh ¢uir¢n18V8IL8tye resource4 Elm wlll be held In {eSee, Intended to rneelone terrn's salary ¢OAl$¥nd ihe ¢o¥ts10 manage unforeseen. unlnsuied risk. This £lm is Invest In a managedchariiies asset fund. The Trusiee5 have discussed In delail. with advice from adYisor¥, Ihe lIabIlity ol Ihe ieser¥e pollw In IhÈ ntext of the Sthcv1's financial position and conspjerlhal it remain$ appropdate lo malnl8ln Ihls re3erve wllcyand io ho reserve in IhL4 Inv¢mtrni. Thlswill itrmaln under review.
ST GEORGE'S SCHOOLWINDSOR CASTLE TRUSTEES. REPORT 31 AUGUST2024 Th& School Coun¢ll ha$ a$$e$d the major rl$ks lo whlchlhe Chariiablp Company15 expDsed, In fYarbGularlh052 rdated to i optrr¥ii¢n$ and finantss, plu$ the eh$11englng and changing polilical and econornic environmenl, and ks 5alisfied ihal syslem5 a in place lo mlllgale Ilie eXSre io the major T15k5. Risks are tnonitoied through the leimly su1[11teQ tneeiinjs ¥nd reguIAr discussion between members of Ihe School CounrAI and Ihtr s¢tt¢ol'$ Senioi Leadtrrship Ytram and an ¥nnval $ir¥legy day provides an opwrtunity for the Trustees lo debate and di$¢v$$ luiure adlwlles ¥nd dIie¢lfi of Ihe s¢ho¢l 8nd Ihe impacl managing speL¥ficrisks atongsidelh8schI's sen Le$dershlpTeam. The rnalor risks that have been Idenlifipd and whiGh nped lo bèiaken IntO8ntin any fu1¥6$10pmtsftt Indude.. The pio1ecli ol sludenis. stalf visitors 10 th& school. The Governar3 and Senlor Leadershlp leam regularty conser ihg PDlitye$. pro¢edu¥ and pio¢ews In place to prevenl harm lo students 51all and visiiorB lo the SchoDI sile. The mfy8suies consldeiedln¢lude physkal securityof the Bile. conlrol ol wsilois and evalualionolwellare provi5run loi 8lud8nlS and s18ft. Affordability qualty of educaboll pr¢vidd by the school - whether onslte or remDte- and dependenw upon wpil numbers su$i$ln the school 43 a ng concern. Close moniioring of In the lor1 education matkel. widpr Iependenl educauon sector and ihe vlews of Ihe current parent body infoTm stralegiG discussion. fe8 slrucluifjs. pupil recruiimenl 2nd reienliDn. Tru51ees and the Senlor Leadeishipleam underfake ckKe and ar tnonitorins ol S¢hool's )sl base lo ensure the school can le5n6 lo unexpected change. Eeral Ihreal8 lo the Independent educailon secior from the rhangino polibl and economic sitvalion. Close tnonllDrifig ol GovernMenlpollcychAnoes and olherchanges affecbng ihe seclorand tnodelllng ollhe pot&nliaifiTranrp31 orop8raiion81 Impacts ol Ihesechanges alonowilh engagemenlwilh sector leS such a5 ihe ISC. ISYAand IAPS 6n¥bl¢¥ih$ $¢hool'8 leadership team io remain abreaslolchanges and alert lo ih&ir lfflparl and p9$5iW6 ie$ponse$ a$ they emerge. The Head and Business Diiector meet regulaflywilh a governor led T¥$k Foi¢e e$iabll$h¢d tospeclflcally eonslderlhechallengesand Ihreals lo ihe school an6 Ihe wider 9overfiing body 8fe acllvety engaged In explorlng siraleglc opbons Ihal rnlghl mitigate Ihpse risks and ploye lurthei iea¥suran¢e ollhe fulure 2th111Y ollhe schod. RESPONSIBILITIES OF THETRUSTEES Company law requires the Tslee5 lo prepare aceouni¥ for each In$n¢l81 year whkh glve a true gnd falr eW ol the slate of affairs ol Ihe Charitable Comp8ny and ol the nnIn9 and oUoIng resour5 01 Ihe ChariiaNe Comsyany for Ihal yeai. I pItring Iho$e 8¢¢ounl8. the Trustees are requlred io.. Seet Sullab aecounbng polie53nd then apY themrnslSlen1ly. oWrve Ihe melhods and prindples In the Charities SORP. tnakeludgetnenls and esiimalesth81 are r¢aw8ble $nd piudenl. stale Ytheihei applirAble UK accounlitbg standards have b8on gubSe¢t to 8ny malerlal depariure5 dlsclosed and explained inlhB finanrAal slaiem8niS. prepare ihe actounis on the going concem basls unl&&s il is Inappropri810 to sxesum& thai Ihe ¢h8rf18bie company I11 conbnue in SSness. The Tru51ees are responsible lor keeping proper aGcounling records which dlsdostr wilh ie8$on8ble attur8¢y al any Ilme Ihe financial posibon of the cA)mwany and io enable Ihetn lo ensufe Ihal ihe attounts ¢omOy wlth the Companles Acl 200S. They are also resPDn5le for safeguarding lh8 assets of lh8 Ch•rit8bl¢ Company and hen for t8n0 reasonable Eieps for the eyenlion and detect olfi?ud and other Irfeuulariiies In so fara5 IheTru51ees ale aware.. lhe Is no relevant audilinforrnatioTrof whth the charilab Companlsau6itors 8rtunaw8re.' and theTru51eeshavelaken all siepslhal iheyoughlto havtriaken 10 make Ihemsefvey awaieol 2ny relewantaudll Infarmallon to establish ihallhe avdit¢r¥ 816 sw¥re oflhai Inftyrn¥140n. lfj NDvembFf 2024, ihe¢h81iiaWe tomp?ny's audlior changed Ils name Irorn Hay5maclntyre LLP lo HaysMaG LLP. In ppaflng this repurt ihe Ttusiees have iaktn advantage ol ihe Small Companles exempllon5 available. Slgned on beh he Board of TrustF45 Mra ru9tee Approved by thp Boar 1?-06-1
INDEPENDENT AUDITORS. REPORT TO THE MEM8ERS OF ST GEORGE'S SCHOOL WINDSOR CASTLE W2have audited staiemeDtsalStGEowe's scho WndsorCasVelDrlh8 yearendEd 31 Auuu8t2024whkh comprfse the stsments ol Flnanth81 Ac1wi$s. Ihe BÈlance She81, Cash FI Stotemeniand notes io thtrfinancl slatemeDts. o summary of signrficanl ac¢ounliog poli¢185. Thg finaD¢ial répottsn9 Iiam8woik ihal ha$ beon ap18 I thei<PteparAtlon 1$ app1iCaL4elawand Uniied Standards. indUd Finantiryl Reporfing Slandèid 102 YhÈ Flnanc&l Reportlng siqndgid 8ppllcoble Sn tho UKand Reput4lc ol Irgland Iunlted Klngdorn Geneially A¢¢•ptedAounI1ng Pr£clThl. In Our0pIll, 'gr a lèlrvlew of tho $tai¢ ol thè chèritÈb1e eornpanys Nalrs As at 31 AuouSI2024 and of thèehariè company's nelrnoyemanl in¢ludlro Incom8 and éxp4ndilur@, lorthe yearlhan endéd,. .havÈ bEen PpEdY prep4red inacc0rdancewl United Kingdom GenEr815yAeceptEdActthnbng Ptactitè, and .have been prepared Sn aOrdanC¢wIih the roJulrèm¢nisollhe CompanlesAc12006. Ba$ls loroplnlo We conducted ourauditln sccardanceviith Inlernationa1 Standards on Audibng IUKI IISAs IUKI}and 8pp1icable law. Our stalemellls olour répprt. ¥rfj indgp8ndenlol lh9 ¢h?rily in eccoF¢ancewiLh lhè8lbil iequiremenb that ar8 rel8vanl toour Euditol Ihe finanal sialemenis in the UK, indudin9 FRC'¥ EiCal Standerd. and we have luifdiEd Durothei eth1 respon$ibilllls Sn a¢Idanc?WIth these iequliements. W8 beligV¢ Ihallhe dudllevidvnc&we have obialngd is sutriclenland appFopTrat8 ta piovide a &3510rauroP1Tr10 Concluglon8 f91?IIDg to golng roncoin In audit therancIal stsiements, we h8v6condudedth8tlhB tsuslees, use DI concern baslyot 8ccountinu In Ihe PFeparoiknn ollhefinanclal slalemeni$ Is appropd819. 88sedoh Ihewoikwè h8v&pèrfoimèd, we h&vÈ ntst IdÉn1ed 8ny mdteipAI uneèrtalnbes relabno t¢ ev8nts or condion9 thai, lndbwduIY0CO1laQl1Iy. mayca$l$ignifi¢anldoublon Ihg chaniabl&company$ abilityloconlinua a5 q golng Conrn10T a pPd Df alleastiweive months Irom when lhef1llan8È sLglernents areauthorised flsue. Oui leswsilltsBS and r8spoDsthlrtS of Ih8trusloaswith r8SP8Ct logoing co[ ared88cllbBd in th8 [oknDls8diatFsoI r¢pcrft. Other Infomièllon The INsteo$ ore r¢sponslNe lorlhe other 1n1ormIoTr. The otherlnfoimalon comprtses Ihe Inforrnallon Indudedln Ihe Trustees, epDrt Our OPilliDDOTr theran1 stalemantsdogs nlllcovorlhe olheT and, 6xcepl lo IhB axlenlothorNiSeoylC1Y siaied Inourfeport. we do nDt expie$s any loim ora$#12CecQd$iDTh thereon. In ¢Onnecbon ouraudil Df thE finanu81 staiements, DurrESPUllSibility is to read thFOther Informalron End, in dDing SD, nstdfrrwhelhei Ih&otherlnfoimaUon matsrfally Incon51snlwilh the flnanclal saiomenlsorour knOWdge obialned hi the auditorotheThyise appEarsto be malerially misslaled. Ifwe IdenbTy such mat2rial inconsteiesO[aPparent material mlsstsments. vée Bre re4Uired iDdetEtmlnewhetherthÈre 1$ a maieridl mi$918tsm8hlin Ihe linanel81 statemenisorè mÈterfAI mysslaiemenloltheothfyr Inlormalion. 11. basfjd on Ihgwoik we havg pfjrforffl8d, we tbal Ihere Isa fflalerial mi$StsmenlQ1thIy tsthw infutmation. we are requiredto tepDrt thallè¢L We h&vÈ ntrthino report In thi$ regard Oolnlons on 0th@ffflatte prfscrlbryd by tho Companles Acl2O06 In our0nIOn, based on th&woik undertaken In thÈ couiseof the audit.. Infamialion ow8n in Tws1805' Rpport (Ythi¢h I•s1h0 ¢iieclor$' pr@pared fof tha puipos8s olcomwany I¥N)for the lih2neial yeartofwhth thB fiftanEi81 staiementsaFE prepared k consistenlwith thefin&ntlEI staiementS. End .ihe sliateplc report and Ihe dlre¢iorn' iewrtlnduded ¥Yfthln Ihe TrJsw&s' Rewrt hav& be4n prnpgred Inoc¢ordqncewlih pble IEg81 requifefftents.
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF sr GEORGE'S SCHOOL WINDSOR CASTLE Matter8 on whl¢h wg ar8 r•quIrtts rÈpottby ex¢tpllo In th9 li9hl of thB knedgE undeisi8ndlno oltho chantatl8 cornp?nyJnd ilsenvironrnonlobtained in thètourse ofihe dil. w2 hAve not enrIed materlul rni$5talgmonls in the Ttuslees, Annual RepDrtlwhth Intorporates thedlrectors. lep. have Dothin910 IqWln tsgpeciof thefolbwkng rnallers h 1914u19Wbh c1)MpanIESACt20os requiitgu$ io report yov rf. in our010Th.. sdequal& 0U119 records havenot bpen kept by thècherfla8 company.. or charitaeCOMpaYIinaAcI8I SleMents affj not In agre4mgnlwith rewidsand or certain dl$dosuièsof IIU5te¢5' iemun8rao specified bylaw ale nDt m8de.- oi we haye ntrt It1Ve& Bll the Inlormallon and 9xplanS we ie9uire lorouraudit, or ThfTrusteeswere nvtenlitled toprepare the Ilnonclal slatemgnLs inac¢ot¢ancawith small companiES' ieolme Hnd loke 8d¥anLAue olthe$m811 eompanles, oxempiion$ in pTeparin9 Ihe tyuslee8' Report and fiomthB requ1Ment prepgro4 $lratoglo report. Rèponslblllt4e6 oftNBlges forlhe flnanGlal 8latgmBni AS explelned mOrflY In thg IsteS. iespDnsibilrties YL%tementaeiout on page S. the trustee$ Iwho4r( alsolhe direclDrs ol Ihg ¢h?ntsbl6comp8nyfofihe pUSeS olcompany law) ale r•5pon$blfj low preparabon olthefinEncial SleMent$8Thd for being sèbsfied thatth¢y glvea Iru¢and lairvlfjw, and fvrsuch iniemal contrd as the trvyttes detsrmine Ssnecessarytt>gnaW9 the preparation oifinonci?I slalefflenls that 5fefteelrom mÉt8riÉ1 mlsstamenl. whetherdue to fraudorgtror. In fin87 st8ments, t$198$ aTe r88PonsiefOraSeS54 the chÈriiablèeomp8ny'$abllfty lo Mnlinug as ooSnpconc¢rn. dlsdo$ing, as?pplicable. fflaiieis ielated tsooln0e0hcernar uslTrJ the going con¢em basisofaccountin vnlg$$ tsustEeseilherintend to IlquidatÈ the chAiitoble ¢ompany oi lo c¢a59 ope1alng. orhave no rÈali$tittElteinabve èul dDso. Audllor's rllsponslbi1StlBs lofthÈ èudltorthv flnanclal slaternenl$ QurobjECtives&te toobt8in re850nÉble assufan¢¢ oboul iYh8lherthefinancial sLgtemEntSa5 awhrAe•IIe9f10rn malerfal miyytatemenl, whetheidue to Iraud orétTor. atbd toissue an audilorfs iep0rtthaiindudesovroplnn. Roo50Tr?ble assur5[ Is a hl9h ley61 of assurance. but nota gu8i£nleEth&i8n èudiicondu¢ted In acwrdanofjwith 15145 IUKlwill deet maietial missiatemenlwhen itexists. Mlssialemenis cJn arise from Iraud ore[rorand ale Comdered maierial K. Indivldually orln lh8 agiregale, Ihgycould reasonawy expected to irynuenc£ Ihe ttonoml¢ de510&015ors lakfynon Ih@ basjsolthes finaD¢ial stalemenis. Ineoularfues. Indudlng Ifaud. gTe Instancesof NOTrCoIatBwith laws ar regulellons. Wo desn prw8(Surps In linDwith aur responblIs. ouyined abovE, todetectmana1 mis$iamenisln respeclof irregularits94 IDdUdinofrad. Theextenttswhkh ourprocedures Ère e4pÉtsle of detecdnp IfgUlarhtl¢S, frdudis d2tailEd beknw Based on oyr undersndIng olthegroup and lh£ environment in whlch Ilopeial8$. wg IdenrIed att£ princwal risksol non- complianWith lawsand wultin$ relaied to chariiy gndcompany lawapplic8b1e in Ellg1and and les, 8ndwe cons¢rd Iheextent to whkh non-compliancB mighlhaya a mateii?l Effeclon the lin£ncl&l staiemenis. Wg 9150 considere¢ Ihose lawsand regulauoD$ Ih¥l havg a direct impaclon the prepatation olthe finartclÉl stAl¢menlsEvth as the Companies Act 20QB and the haritiesAct2011. We evaluated managpmanl'sincenbvesand oppurtunibes lorlrdudu1ent manIpul?IOIIhe financial ststements linduding Ihè iytsk of override lllcontrs). Énd detemiined thaithe prfnclpal rt$k5w8ie relaled to revenue letnition. In p2CUlar In ielauon let0rd0 int¢m$ from donollons and charitaN• the carrect a(ntO perb6.Audft procedur85 pgrfofrned by ngagemFnllgam induded". -InspEcling cortespundeneÈ rth wulalois.. -Oi#¢usslong Wilh menagemenl c0nsld8Taon of ktvNn orSUsd Instsnce$ol non-¢ornplIanc•Yth and regulallon andfravo., -eV19 thecontrds and procedure9 Ot Ihècharily relaTrt tolh• weparatn olthelinanclsl 9tatsmentstoenyurèlheBe were Ih te Ihiotsohoullh? y¢ar'. -Evalu?ling rnanagement's Contiei9ed to pteventènd deciirieguLgdllg5', -IdElltrfying and iestiAgIouinals. In partlw1arloumalentr185 $1 wrth unvsual accountcombknBUonB, Posilngs byunu5ual -ch12919 assutnptions andjudgements nde by mahBgem&nt In Ihdraccounlinu estitD8tes.
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ST GEORGE'S SCHOOL WINOSOR CASTLE BEcause of the inherenllimilations olan avdrf. Ihore isa rtsk Ihalwowll not deiecl gll Irregula1$, In¢lurfSng ihos&le8dlng a meteiial mIsgtsMenlln the financial terneiS or non-compliancewilh re9ulation. This Iisk Increases the more Ihal cornplian¢&with o law0rre9ulaln Is removgd IIOM the eventsand tsans&cboh$ renected In thÈliThÉncl&l yiaternÈnts. a3 W2 will bE less likely io bEcome aware of InsLqnces of DOn-Eomlary(8. Th8 fisk is al$ogifyalgr T89arding iTh99ulari1195 oxurrfnpdue io Irdud lather Ih8n error. as rud lThwlves intent£1 concealment. loigery. collusn, omi55ion ormisfepresenlation A lurtherdes¢rfpUon olourresp0nsbbllilS lorthe auditof Utd finartdel statemEni$ is located on thB Finanua1 RepDrting ¢ounul's websiie at".W4w.Ifoorg.Uklaudiloisfesponsjthlil$. ThisdgscApllon forms partolour4udilofs r¢port. UgèofourrÈpDrt Th1$ report Is mod? sohly ioiha chailtabie compan membets. $ È y, In #ee0&tÈth Chapter 3 ol P8rt 1601 ¢omp8niES Act 2006. Our8udilwth hasbo8n undortak&n $0 Ihalw& mlghl slate to th•chadiacompany% membersihosè matteisw8 ats ie4ulred io Slate to them In En Auditorfs reporiend for no olherpurpose. TDthe fvllesl B*enl PEiffjitted by Iww, w@ do not acc4ptiYa$surnfy re$pon$l1lfy banyoneother than the ch8rltBbl¢ ¢4mpAnyand Ihe ch8ritaNè ¢ompAny's mÈmbetS. as a budy, lorouraudilwoik. torthis repod. orlor IhB ownionswa hav8formed. J3n&A$k&w{SenltrrS181utotyAuth Forand on behalf Df HBy$Md¢ LLP, S&lutoryAuditots Dale.. 10 Queon Street 1810612025 EC4R 1AG
ST GEORGE'S SCHOOL WINDSOR CASTLE STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT YEAR END 31 AUGUST 2024 2024 Total funds 2023 Totsi lunds Unrestrlcted Restrlcted Note INCOME FROM.. Donatlon5 and legacle5 21,001 21.001 18,050 Charliablg a¢tlvltlos EduGBlion Olher 5.562.e40 11P,842 5.562.640 5.290.534 119,842 79,788 Invèsttnènt lrtcom& 81.393 3.924 65.317 58.649 TOTAL INGOME AND EMDOWMEMTS 5,764.876 3,924 5,766,600 5,447,021 EXPENDITURE ON.. School opeialing cosls 5,894,042 80,450 5,974,492 S,453,919 TOTAL EXPENDITURE 5.894.042 80.450 5,974,492 5,453,919 NET IEXPENDITUREI BEFORE INVESTMENT LOSSES GalnllL05s l on Inveslffltrnl 1129,1661 66,942 176,5261 1205.6921 66,942 16,8981 184.4361 NET MOVEMENT IN FUPIDS IN THE YEAR 62,224 76.526 1138.7501 171.3341 Re¢onclllatlon of funds Tolgl funds brought fotward 2.101,833 210.928 2.312,761 2,384,095 Total lunds Carrlod fokward 2.039.609 134.402 2.174.011 2.312.781 I Income and expenditu derived from continuing acliwiies. All gain5 and losses recognised In IhÈ year artr IntJudÈd abov8. The noles on pa9es 13 10 20 fom part of ihese 8ccounls. Full comparatives for thè ye8r8nded 31 Au9usI 2023 are shown In note 18 10
ST GEORGE'S SCHOOL WINDSOR CASTLE Company number 04347052 BALANCE SHEET 31 AUGUST 2024 Nolg 2024 2023 Flxed a¥sots Tsnglble 2ssets Inv6slmenls 1.415.846 1,049.957 1,502.655 983.015 2,465.803 2.485.670 Currenl asseis Oeblors Cash al bank and Sn hand 1.474.608 1.003.627 1.546.020 733,713 2.478.295 2.279.733 Cr8dltor$: amounls f811ing due within one year 9 12.220.413) 12.200.316) 257,882 79.417 Totol assetg les$ current Ilabllllles 2.723.685 2.565.087 r•diior¥: amounls falllng due after more Ihgn one year 10 1549.6741 1252,3261 Net assets 2.174.011 2.312.781 Capltal and resBrves Funds Reslrlcled funds Unieslrfcled funds 134.402 2,039,809 210.928 2.101.833 2.174.011 2.312.781 Approvod by thg Board of Tvust8è$ and slgned on Its behalf by RLIST Date.. 11-06-L The notes on pages 13 10 20 form part of these accounts.
ST GEORGE'S SCHOOL WINDSOR CASTLE STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 ¢a$h provld•d tyllused op•ratlng 4GllYlts 534,232 437.875 4ghllowS trom Invèsiing act5vltlo 1615.9411 (OoGr¢#$¢l In ¢a$h•nd cash •qulvalgnts In Ih•ytRr Cash and cash equlvalents lltlht $tart of th•wr Cash and cash equlv4lents utlhp thyoAi 811.77B 1.003.626 731712 Ré¢oDclllatlon ofn•lmov•mpntln netfundy kinplGash fltswrromop¢ratlnga¢ifvitlo$ 2024 2023 NBt(•xpond(iur0lfvYlhOy¢AV 1138,750) (71.3341 Adlustm¢n¢$ Iw.. DepieuBlfon unreallseOknssI(9a1I On FIXd]n¥t$1m¢ {e6,9421 2e4.165 64.4 422.846 Mttvèméniin wtsiklr clpltal Oe¢rea9d(In¢re9sè1 knirad&gnd otherdebiots IfKTeayelnliadp 71.352 317,445 164 86,199 ropiGRsh provldèd byllu&od Inl opoiatlng actSvlllqg 534,232 437.B75 Cash and tash ogvSval•nts CA9h and¢a$hequWanigrBpr8unt.. Cash ai bank 1.OD3.e27 753.713 ThB lloteson pages 131ts20ftsnnpartollhesa¢MunL.
ST GEORGE'S SCHOOL WINDSOR CASTLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 The pnndpal accounUll9 pdldes adopled. ludgernenls and keysuuices the olth¥ flnandal slalemenlsofth8 Ctharttyweselaulbdow. 141 Ba515 ofaGoounllny The fiftanclal 51elemeniS h$ve boon prtPor¢d In 0¢¢0¢ne wlth A¢mn9 9nJ R¢pMFn9 ty Ch$s.. Slatem&Dt of Recommended praCCe ISORPI applIcab to thedties thplr accwnts In accordernce wilh the Flfi8lllc Ropolllno Slandafd IFRSI app¥c8b18 In tho UK and Republk ol Iieland (FR8 1021 let[ecU l Jallu4ry 2019)- challe SOAP IFRS 1021, Ihg Flnonlcal RepOn1r slad$ appHt8 ID UK and Republc of Irend IFRS10218nd th C¢mp4ni¢$A¢I2QQ6. The finandal sLat8mfinlswopreparedln slertlno YthlchlsthBfuncUDnalcuwencyofthBchailty. In 30 $lgiemEnl$Él¢ f¢und#d iothè n¢al#£1. SI Geoiorfy SchDDI Wndyor Caslk thp defin0 ul B pubJlG bEefilenty undefFRS102. afvj Ilabilnl¢$a Inlualtyiecognlsed athlslodca1 CosttranScl1Dn vFAue un1ps5othp15estateln Ihe ielevanl£ccounluw PDllcy noies. The chalg buslnesi addres$ls SIGBoig&s 8chod.WndzorClls11p.Wndsor, SL4 1QF. Ibl Golnoconcom Al tim¢ ol lh¢ finon¢lol $iai¢m¢ni$. th Tw$i¢¢$ haw 8 r¢asonab19 xpéciaiian ihai tharfty has adequate r6sourcestocontinue In DpeialioThBI eStenCefOrthPf0Fesee2bfV1llre. Thus IhetW51ees COnnUel0 Edoplthe The gtswnors havé rÉvlÉw8d Cu[r1 alld toietasl finandaland ai8 CfldOnlthl Schoollswe11placed io add[5 Ilè ¢hèllènuè$ thoi lh brfng¥. A¢¢ordlngW th odno ¢on¢4m bals of pryralbn ol financlal slaiBmenLs ppropn4ts. 01 lynds ¢9n lY bg u$Èd IDr partulr Fèsldcied pkn(ptsses iylthln iha obl2cis of lh8 thty. RastrtcltODS arts8 whetE sppdfiEd bythedonDrorwhpn fvndg41¢ ialsedfoi p1rI¢>t¢i¢d puty06¢S. Ggn¥rg1 Ivnd$ 01• Jnr$iri¢ied ara ayallablÈ lor dlscmgon of Go¥r5 furth•ranco of l¢nei$i4bl¢¢ts ¢1 Lhgrity)dwhl¢h hA¥ath)t begn 1(rfÈnyothwpurpo. he been fflel or are lu&yYAthln the conlrol of theip Is eI(ertainty that IEreiplolln(y)m? ly condEred po&slble8ffld th8Bmounlcan beffloasured relabty. leas81ndedVAth1 Ihe Flnanclal SIalent5 on a re¥£12 basls thounlslnvoked In edvance Bie deleed and caided foNArd wlthln cr&lors accwals. vihllst TIoutS bul nol yel iecelved kn Ihe year ai• shown vAlhl debiorb piepaymenis. FBP3 IErp1vablè are $t4lpd aft¢1 d¢du¢Nng #ifow8n¢g¥. sthokgrshlps pnd Olh9r iemS$sh)n¥ gianied bythB Chty. Irt¢r¢$i acc m>spp0D@d ba, ty lo wknclpal 18ndIn al eff8clfr Inleiest pJiincgmewaSQBllBialed In th¢UK. (•) Voluntsry Income Volunlery Incorne fecelved In c85h by way of donB¥on3 Is InLqudpd In tul kn thp siatem8nl (l F&))e knts¥ill$ receIble basand1dIg as50d&W uNtad. Ihp Ch8Trtips SORP (FR5 1OZI. donaied e¢t¥¢$ ènd Ig¢iitie¥ o1 ¢èl¢ufai¢d #i 1¢ IhÈ ¢hadty In$bAd ol¢ost lo e donor. t10110¥ Iecewed for geneial pu[pU of Iho chanty are 10 unl¢$trfCl¢d lund$. Donauon$ sublecl to $pedficwL%hes of ale ctetslied lo re5Cted fullds or lu enod fundswhBie Iheamuunl requtred tObeh as PBnThaTh8Th1capSla1.
ST GEORGE'S SCHOOL WINDSOR CASTLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 conl {gl ExpEndlturo and Iir¢¢ov¢rabl$VAT AlexpEndiluie 15 acLKbVnted fot Ec¢7 b&s15. Expglldilure 1$ 1i•t0 ¢xpens¢hgodlno$ ther ¢ng ¢lr¢¢i ¢051 asls. or8PPOrtloned to UMB spent, Ykh8rell Is nol po%bt0 dlrecWsitrlJuio ¢y4th9e. knyVAT b Induded Ihe Ihl Allocatk>n of SUPPDrt cos19 Support co&ls Iho cost& of wnThlng Ihg Scho. kncluding slrategk plaTrniny for future deVelOpt, Blgts Bxtemèl gudil [¢¢9. l¢9018d¥kg lor bo3 ¢f govgrrtors Ènd all tosls ot c1mplng wdlh constiluuonal and siaiu iequirempnts. $1 of gDvemOt4 #nd ol pitporfw accounL% and saUstyln4 accouTrLfjbllity. 111 P•nslon cosis The Sthoul h?$ 8trgnged d¢rined sthem¢$ lor8N•igN. Th pgnÉbDcosly charged rÈpre&enlthecontrknYon5 pByablobyih& the yeailn accoldanceth FR51021n conlributionyar¢ thèrg4dtO lh¢ SOFA#¢e¢unih tho p¢il¢d Inwhlcb Ihoyw9 ¢u. l Employo?benptHy Thè cost& of empknyee benefils Bre recognL%Ed as ll Ilabl1 Bnd en expenye. Unleys 05 co¥iS 1¢4u¢d to b¢ r¢¢u¢nie¢d 4$ pgrt of rh¢ ¢4st of $Wk or fix¢d sss81& Tha cost any unused holaY entillement Is recognised in PErfodlnwhl¢h lh¢ empw¥s$¢Mc$aM iec¢fvèd. T¢mln#iion b¢n¢frt$ Ar¢ rgwnlséd as an oxpensewhen th8 Scknlls dEfflDn5tr£btycommd lu Ihe ernployrnenl emplo¢r10 proYfd•t•mMaNon ben1> Ikl Tanglbl• Ilxoda88•is Depiedalkn Is caknlaied lo write cost less eslhnBIBd res& lIu0 ol 01 ion9lblfMed 81$ by onnuol Ineiolmgntsowr IhglrÈxpg£ied usgful Iv8s. Ther£iesapplic4blp are.. Ov8rhD rem8lnknu perfod ofthele8SP 8uUdlnu- 8chooloyfflnaslum 2%p Buldino Impiovement5 IfflBln u¢h¢Ol11dln0) 5%.20%pg L¢oshoid Nnprov•mgni$ Ovei the pe0d ofthp leasB Fumltur8gnde41pfflBt 10%-33'1)% pa molorIdes 20%- 25% pa Assai$8r¢notu$uallYeapEdhnlh&rllSe(Ull1felsexpeCIedtobP Ihen 3yeBr Fin8ndal In$trum¢nts ore 2nd sr£ied for, Bccwdkng ID the SubslBll of IhB Contr11 amnyemenl, as fin£&7 855ets. li&knlili¢S Or eqjlty InswmÉni&. An e9ully Inslwmenl l& 8ny contrL thal evldences 2 le5ll&l Inietesl In thB assets of a cornp4lly after dedurtsny ¢1 tts liabililfe$. Wier? fifj9ntb4 assÈis ÉIÈ mBaSur ai fak VAIUB. Ih5& kdeiwmhièdty 18f81lCe lo publlctyav&IPldeS. Im} L•&slnu and purchaso comtnllmen Assets hBld finance lease3 8nd hlre purrh49e nO¢ts ¥r¢ CA1911$¢d È5 ian9fo1È as&8ls and d&predal8d v&r thè thonÈr ol Iheli vsetul econoffliG live3. OblvJalions such ag(¢¢m¢ni¥ •1¢ wlhln Ciedltots. of fin8n thArgè o110vd lo fuluTe periods The finance elemenlol the reni41 p&yment 15 charged its eSOFA8CCQUllt a3t0p aun$19ni PADdIcTatlIthCharQ00n th8n810blaVon8Qu1sInd1g In eachperiDd. Renialspald UndoropolallQ leasesaretharged tothe SOFA aslialghtlinB bB31$. Tigd¥4fidotherdbttr$#r¢l¢¢tyS¢dattho ÈBlllefflenlBmDuThldue atteranytsadedL%counlotteied. Piepayrnenls aTe valued altheefflountptep4id nel Olanyttad¢di6¢¢un16 {ol Ca8hilbank Casli 81 bank onoln hand Sndudoscb8hBnd lerm hhlIquI0In¥PSIMPn1ilh 5hOrtmurityolthr¢¢nth9i l¢S$lromth¢oaolHGliei0n ¢ropÈDlng orthDdepos5tsIMIaiCcollnL 14
ST GEORGE'S SCHOOL WINDSOR CASTLE NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 AUGUST2024 {pl Siocks sIOth$afèvUed lel¢rOfcQ$%d nBlieBIi5Eblpv4luB. dueellowancefDiobsukte Bnd SI mD¥lnB liems. abAitiesare nISed In ytalemenlsln iespeclolal expMdliurelorYthlththB Charfbjhas a Measur? obltIOn, b&llConslwcVOorlea1, @I Ihe balance sheel da16 Anyexpondllur&whkh l& CMIlIed li>. butnol measurabl8 Ir) Ll4utd [S0rteS tomprfsèèsséis arÈadlWdlsposablg olYalu¢. Th¢y Inrjude ¢9sh ieim depo4l$And bank notl¢è4¢¢OiNit$ h¢kl#$ p¥rfollli¢ Chart$m44eMtynl Q¢liwliè9. Thèyxdud# nY$$sell h¢fd89 partrIX¢d eS¥FtINve51m¢ni¥. The Chenty IIBchBriIBb Bcli¥SNes. Itl JudaÈméniÉ and kèy sourcésof èstlmalloh untÈrtalniy Inlhp&pplicaUMolthe ChariVsaccountinJpolkl&s. theTtus18os ai•r8quliédto makeluduemenis.•5Umale8and assufflptlons3bou1thec1ng amounlofasseisand Nabl15at9notfead1IY8ppart1r0rns0urCes. Thè ÈsIIMAtèsand asso¢iaiÈd as&umpiknns abs0d0n Iil&irf¢ eXpgAgn¢othsrfoI¥lba1¢0ftskI?r¢dtots9 Iglwgni. A¢iual I¢11#&y diff¢f IIOM Ih¢S# ¢$limaie$. The esUfflatesandundertylng assumpUons8re Dn on balss. RwA&lons lo accoun9•Srn81OSgr iocounls&dln the pédod Invthlthth& esllthale Is I5Sd, I)1h•rw0rt allÈcis onty IhaIped, IhÈ pÉd¢dofth• ond lulufgpÈritsd$¥l¢¢ Iiie iÈvi4on Ètf¢¢t& b01h ¢uirentafvIYfty pèd$. Thp lo11gIrtUErneiShe ked the mDStslgnrfic8nl eNeclon amounls recoynbed In theflnanclalslaiement5'. Badd•bts-Ti8do debiots ale r8vlewédonan annual basls tod8tenrlTh8i¥hotheia bad deblpr0kn1sknshou bèmadè gains1Y I. Only%¥hei• IhÈ Twswg$¢on$ldgrrètQVary DIA d¢biiob• unlikely 1$ a pmwtsh)nn74d9. The Schooys mBln bu411$IeSSedllla ieducedrentel Cosl£s,Lperyea1fro the Dean& CanDnsof 51 Gwes Chepel. The blIdIng adin8the CesllewalL% and soenables Iheschool lo malntaln build UPDll the1ong h151all conTh8clonw41h thrCdlo9e OISI Geoi9&. The 1(110[1h@ bulldino. vhlh Sls physlcal connecuon lo Ih&Chap&l aièaol 1¢ ollh Sch¢d. ThoTrusleeshave agreed al. asth8 Sclbool pays a ifiduced rentforthepr(werty.therels8ll exthang8 and lh10[8 thodonaled fadhllos should DbrtrealQd as tranSacon asdoffnod sn FRS102. Th8vaa01 Ih&9VI 1$ thor¢f(rf¢not$epar•tdyr¢¢ogn169d Ihtrkac¢ouni$. rhpul feoy 2024 2023 -chorfslets -bDardin9 (¢¢8 -daypuplL% -nurbEry -mlscgllan¢¢vs8ndewJo¥ 536.760 73,034 4.920,893 305,997 31211 478.800 4.590.902 372.364 30.844 5,584,0 Letsg." iuw bUr$Brfesd5ChdBhIP$ pioiryded ia pupSl¥of the ycho (631,2951 6.237.006 5.a02.534 Add back. conbuOn [ecedIn respÈctofChortsler SchorshIpS 325.834 2BB.th) 5.562.840 5.290,534
ST GEORGE'S SCHOOL WINDSOR CASTLE NOTES TO THE FINANCIAL SYATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2024 Total ex lal Analyslsol oxpBndllure Charftsblè8cll¥llleg Support Costs TeachlnD 2024 2023 Teach1ny Wellarg P[emiSeS Supwrt Goveinaneecogls 3,307.185 3.3D7.IB5 744.194 746.625 1.028.247 148.241 3,09D.425 636.251 657.6B1 996.728 72,831 744,194 746,62S 1.028.247 148,241 3.307.16S 2.e87,307 5,974,492 5,453,919 Olthetolalexpendknreof£5.453.9fj9Inthpyearend3fj AuDusl2023. E3.090.4EBrelBtedtoteachlnBc05134 2.363.491 ielaiedtosupwicosis. Ibl StaN£osls 2024 2023 Employee c051s durlw theyearannled1O'. Wag6sèhd salsri&S SoLial se<yJrity costs Otherpen$ cost$ 3.031,180 290,667 32S,200 3,647,017 64.EB8 2.7è1.400 283.535 308.044 3,382,979 43.528 3.426,507 Slaff A¢comdgbon 3,711,905 The aveTage numberof peisorbB¢rnpknyed by thgcharityduiing thgyearwas a5 touows.. 2024 2024 FTE Headcount 2023 FTE 2023 Heaocount Tedchlno Dumgslicand ground staff AdminIstr8n 60 86 57 13 74 81 Icl Employop remunerallon The total co51olernploying key management p8wnnelwas£503.58012023." £444.886). Ernploye95eaTninu muielhan £60.QOOwfjioin tho rarug¥ pf". 2024 2023 £6D,OllO-£70.Q £70,000-£80,0 É8D,OUO-t90.000 £90,000-£100,WO £IDD.OQO- t11D,000 £110,WO- £120,¢0 ihèyeaitenrfnabon payments wetsmade to l051aff totalllng£14.258. 12023.. No remuneratknnwas Pa loTfusleg512Q23.' £nS11. Trusle&swere FU$9d for parkins hut81 gxp9W95 5nGuid In allending Counli Ineelings In Ihgyeartotallinp£1.484 {2023.- £1821. Idl Audltor¥' rernunwr•tloD 2024 2023 Fee5 reIved loraL11$?ryICes Feès recei¥Ed lorèe¢x)tsnUty serv1% 20.840 17.1fj0 17.160 16
STGEORGE'S SCXOOLWINDSORCASTLE NOTES TO THE FItIAtIClAL STATEAIENTS FOR THE YEAR ENDÉD 31 AUGusf2024 n¥lon8chem From l 2021 sLgttbecamD eNgle loldn1heAva Penslon 8chemeforlndeppndentSchools (APTISI.adBfined ConbUOn Ma&lertsu&l schome. COnbUon5 ioAPTIS loithe period endlnu 31 Avgu5l2024were£284.54012023.£269.725). siaThwho¢i¢ n¢t¢nwl1tmèMbrShl)0l1heTt4¢h(s. P•nsknfvrtdoiAPTIS8r¢lwr8d iolcdn IhP¢n$lons Twsi s¢h¢m• -Èd•fin¢l ¢oniiibuiion $¢hÈmg. ThgpÈnloD to&igp3ld iothÈ TN&iinthB yèararMuDIBd IQ t40,8&)1202I. t28.519)- Old Impov&m¢nts toSÈhool Sehotsl Lèas#hold Labs Vohklè ToLI1 Coslorvaluallon Al I SÈptèmbg1 2023 Addibons sposal 28.975 1.7),719 94,8Z6 663.443 1.575.788 1.119.739 169.49Z 49,702 5,168.X6 284.318 AI 21 Augu1024 28.975 I25,$45 663.443 1.575,788 1289.231 49,702 5,432,684 Al 1 Sepkbpf2O2? ChBrgedln Iheyear thspo&al& 2U.97S 1.144,945 359.356 27.644 1.076.182 69,844 I,(1)gx I.628 47,235 3,e65.711 Al 31 Al2024 28.975 1.291,156 387.010 1.146,028 1,115.636 48,035 4,016,838 N¢tbDok Am(wi81'. Al 31 A9slO24 278.433 429,762 17J,595 i.e87.00 Al I Sopknbor2023 565,774 304.077 499.606 110,731 2,467 1.502,655 It8w1e [ed asseis Breused Ill dlrecilurfherance 0ftheCh3obJec1S. A9 Irom 1 Sepiembtr 2(W)S, lyd 8onk HOU$¢ hag b¢¢n l¢ased 10 thg Sthool by Sl GÈorge Chw on a 25 ar lÈasa. The e¥pendilii[p. imprnvemeni> to Ihl$ biiildjno bèèts tapiialisÈd 5s èmttrfsèd ovér Iha iÈmalnlno ol Iho laaso as The nel Yalue of moloF vehldES Indudes £0 12025.. £0) Ill respect of assels hero undei thsES and hiFe purchase conliacts. Thp depredallon chargBln ie5peclofthe5e&syetswas£012023.. £01. Ixed asset InYoStm¥nts 20I4 2024 Value Cost Balan¢0 i S¢pwmbor2023 AddlV¢ns 981015 unree¢ (los&•Yn¥ Belèn¢¢31 Augu$l ZQ24 86.2 1.ts49,957 1.rKh),000 2024 Markot Valuè 202) Markol Valu ¢o$t Th8 baLwasA131 Auyusiwagmadg upofthBfollDwlng.' UKQuoigd InvAslmént CBsh 1.W7,879 12,078 969.653 12.078 1,ty)1.731 970,889 12,126 983,015 967,874 1.049,957 i.(th),000
ST GEORGE'S SCHOOLWINDSOR CASTLE NOTES TO THE FINANCIAL8TATEMeNTS FOR THE YEAR ENDED 31 AVGUST 2024 btvt 2024 2023 Yr8d8 debk)n%- teesoYRd(Mkhaelm8s Tern) i)ep¢¢tofChorf51ersthd?14h5 IMEch?elma$Tetm) 1,165,880 118.720 S211 137.577 1.252MB2 107.352 44.689 141.597 Olhei Debtors Pr¢paymBnl$und a¢cnJedlnc(Mn 1,474M68 1.546mO C dllors.. amou 2024 2023 Tiade crgdliots Otheri&xes4lld 58curfty OlhFI r11¢[ School re8sknvDId1n?dv¢o-hQty0l1tcel- MirhÈelm#9 Ye SthoDI fee&vOIceId¥allCfl-rOc&1¥ed-Mlthla Tfjrrn F¢¢$ In Ody¢4 $¢ttetTredupYAthlnln oneyea Accrual& 223.393 72.436 334.113 1,284,580 454A63 1S4.80Z 19.800 1.359.7Y 471.10B 2,?20A13 2,2th).311 2024 2D23 Oth¢r¢¢edii¢r$ F801 In 8dVc scId1nMQr¢ lhon•Ye#r 241.23Q 308.438 252.)28 549.874 25228 Olthè belanoiO lfee¥ pBld knadvanceolEnll(2023..£nll), £nll 12023'.tlD Idatsstowwntsfalln9 Oaerfly$YrS. Sl Ggty9'4 Cagiièl&ar¢mpBny lirnllqd byguBrenleeYAthoutashaie c4pllal Insleadola shai•cagllal.8ach 091nIg6 pgy £1 In thg ¢veni 01 Ihè¢tsmp4fiy's 4[dEli. Thp &mDunt olthB gu8ranleo repr888nls a conn9nIs$sal to Ihè ¢ompany. whthvrii¢ry¥tSlli9¢4nlylfihp EY)mpany uoes Into liquld&tlon. Asthp company k8 a gdng c<)ncorn. th8 memb8rs haya no obllgallon pBylhe 3Um9uBr8nteed. If. nknO up o1th•uMp.lhty anya5SelB, afier s&tisfacliDn o10rwkn dall due debis and IlablSU88. assèts amr¢qulied bylhèComp$nlsM¢m(*Andum BndArlde50fAssodaUDn lob8transfort8dto8chadtyw5th sknllarrUg¢ts.
STGEORGE'S 8CHQOLWINDSgR CASTLE NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2024 1 Spptembpr 2•23 31 August 2Q24 Intorno Exp4ndKure Ch¢d$i¢r Bursary Fund Th8 Dev0pMentfvnd Robén WErd 8ursary FLYVJ I73 184.693 8.702 17,$33 108.617 8,352 3.924 180, 1450) I,4$0) 2fj0.828 3.924 IJ4,402 ChL¥rISr Burs& Fund Ihls Ind rèw8s8nlsdona8rrQ 5IGEUtgp'$I)4v¢lopmeniFvnd lfOw pu039 offUnd9 buissrf$ Iw¢thort¥tirs. Twsl885 l¢vièW lh• UbllsaiiN orthl& luThd when con3iderinB ihg 8ffordAlO(fft8 SchOt0 th0sevAth m¢on8 gnd haw agr88d ¢onsMBr supportlfflo puplls P5thefUTrd. Th?fuAdwas n15s&fknstheyeW. p DpvEIo In 2020 school reCed a bequest of £182,3W) Iwm of J fer pupll. Thp Estth thg donoi has agréed thal Ih donAllon may b&utilSsed todeveknpthe 3thuulb¢aldinBlats1iUgs a&iyfillas lo 9ppOrt 51 Geoiges SthDoI Wndsor Casg8 Buis3ryFund oalo a buisary for pupfllsl (boih boy¥ 01rl$i ol Iliè al thB discfetiDn of the Headma$tef and BurÉar ai . ThB schod Inl8nds lo bulldlls tulldfeisinD d¢V4opm#niACllltr over comlng yeBrs. hairyny appoiTried O Dgwiopmeni and otficei 2023. and hopes lobulld on thls don4tion iofqtslitAi¥ dV0Pmnt ol schodfaulilles and buI5?ry PFoNIsl. Djrfno tha llèlundsyr@ ulillsod ioalowturther[efui5kenioIthe $1,$bOardInll ladlll obertward Burs Fu Thi$ fvno iva$ èsiabllshtrd by dona05 In tr of R(¢rt Wold and EInallY1lellEd to ?de bursgriEY pupS1¥hOr• ¢hildrèn tsf MÈmbÉis olihg St A&80cktiDn. The TNs1¢tr8 ollhè Fund have 8oree& Ihallhls tund should bmadg ayallab1e Ip1$ Ihe $¢hots1 iofund theli partPtion In try$ end by Ih•Schod. Two studEniswete wilh ¢onirfbyikn$ tothÈ ¢O&idÉch(d r&al lrfpsdutingthpye4r. ¢oMpar4t5YAs lortho 2023 yearpnd alp.. I Soptombsr 2022 31 A9sI 2023 Exp&ndllrè ChorfsierBuiwyFund The D*vÈlapmtrThi Fufid 1B.189 182.390 .702 16551 17•3 184.893 8.702 2.303 WArd RLIF.4xryFL1d 2US.2eo 210.828 nal 518 ol n•tassets bpiwee 2024 Unreytrf¢tèd 2024 Rè$trietod funds 2024 Totsl Fvd ¢$8¢t8 Investsnonls Netcutrenl O14bilili¢&lle$ Lw 1g1rn Ilablllla 1,415M46 I,Q40.057 123.480 1.415.846 fj34.402 257.B82 {549,6741 2,039.809 2028 2023 ur&llld fund¥ ¢Miparal1¥os lorlh•202Jyearonrf4r0'. ftsrtds Total 1.502,6 9È3,015 1,502,655 gB3.015 79.417 Invesknent N¢1 wrn¢niÈs¢¢i$ Long terffl11)]liI 210,928 12$2,3281 2.101.833 210.928
8T GEORGE'S SCHOOLWINDSOR CASYLE NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2024 StGw¥$ SLKK4Wndsor Ca8uBls8chb1èÉxjrnp8Yad the Tws19e$¢ oltheopln Ihalll ll eniiied. l¢rihè¢urrentyew. lo Ih¢x¢mpyona ptoVhlbY ThfiCorporaih)TrfaxA¢I 2010. As&consg9U¢rt4Tr) loitaxalknl$i¢qulied. l¢ommltmants A88131 Awugl thXpYhad lalalcomffjllmgni$tsnd¢rn¢n.cBncdl8 opgr4tingl#aueyEsfolliw4B.' 2D24 2024 2023 Lnd nnd Land and Oh•i othor AJnounts payaWg1n.' 126.722 24.UU5 los.) 42D.WI 266.250 17,393 b&fvÈen bvo IDfiveyeais Ovetfiveyears 17039 804,349 105,198 791.250 27.6 2024 2023 Tolal8xp¢ndi¢n Upe[BUleaSes 1nthDyWa¥.' LandAnd blnI¥ Okner ll9fj5 105. 20.433 Th¢rwwrdetsd patty5ac0nsr0dnQ dledosurgdurfnu theyewl2023..Iioi¢i&te4pBtyI%sclO•). Ih• go¥id olTlu4ieesarecQndÉW6ttsb0 Ihe ulNmÈtec43ntroUkng pgrly. 18 Co ratlvostatomè 2023 Unr•strfctod runds RoslrfGted ToLIl fund5 INCOME Donatlons and1&44¢1¢¥ 18.0 fiom.. CharfLqbl8 a¢dwN¢$- educD othetec118S 5.29D.534 79.YBB 5.290, 79,780 In¥¢$ini$n15- bBnk Intsrost 56.348 2.30) 58.849 TOTAL INCOME ENDOWMENTS 5.444.718 2.303 S.447.021 EXPEryTURe ¢ SchooperAtIng (y)515 5,453,264 655 5.453.91è TOTAL EXPENfATURE S.453,264 655 5.453.919 NET IN¢OMEIIEXPENDiIUREI BEFORE INVESTMENTLOSSES L¢$¥ inveslmenl (8,5461 {e4,4S61 172,9821 1.648 IS.E981 NET MOVEMENT IW FUWDSIIITHE YEAR 1.648 ITI.3341 Totsl lunds bioughlfonvryfd Total lund¥cDrrfod for11 209.2eo 2,384,095 210.928 2,912,761