Charity Registration No. 1102931
Company Registration No. 5023969 (England and Wales)
PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

PRESTFELDE SCHOOL LIMITED
CONTENTS
Page
Company information
Directors, report (incorporating the Stralegic Report)
Independent auditor's report
17
Financial statements of the company
21
Notes to the Financial Statements
25

PRESTFELDE SCHOOL LIMITED
COMPANY INFORMATION
DIRECTORS AND ADVISORS
Directors
Mr R P Sartain (Chairman)
Mr A J Barker FCA
Mrs N Cooper BEd (Hons)
Mr E L)avies tJA {Hons) Irom U611212U23
Mrs H Fitzgerald MA (Oxon)
Mr M N Holyoake Bsc (Honsl FGS ACMA CGMA
Mr R M Jenkins BA (Hons) MBA
Mr T M Parsons BDS to 2410612024
Mr J Sharman Hons Bcom
Ms A Stubbs BA IHons) from 0611212023
Mrs A J Thorn BA {Hons} MBE, DL
Mr D Tyack MA {Oxon)
Ms C Watson MA (Oxon} from 0611212023
Mr N L Winkley MA (Oxon) Med (Open} PG Cert
Bus Admin (Open)
Mr P Wood FCA from 3010812024
Charity No.
Company No.
PrinGlpal Addre55 and Regi5teied Offlce
1102931
05023969
Prestfelde School Limited
London Road
Shrewsbury
SY2 6NZ
Key Managemenl Personnel
Head
Bursar and Clerk to the Governors
Mr N Robinson Msc PGCE
Mrs K Mills BA (Hons) MBA to 2710812024
Ms A Allott MCMI, HND from 2710812024
to1810212025
Mr R I White BA (Hons) from 1910212025 (interim)
Auditor
Moore Kingston Smith LLP (Statutory Auditors)
61h Floor. 9 Appold Street
London EC2A 2AP
Bankers
Barclays Bank
44 - 46 Castle Street
Shrewsbury
SY12BU
Solicitors
Messrs Hatchers
Welsh Bridge, 1 Frankwell
Shrewsbury
SY3 8LG
Insurance BrokÈrs
Marsh
1 Tower Place West
Tower Place
London EC3R 5BU

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (Incorporatlng the Strateglc Report)
YEAR ENDED 31ST AUGUST 2024
Thp. dirp.rtnrq rJrp.qp.nt tho.ir rp.port 2nd financial statements for the yp2r p.ndp.d 31st August 2024 and
confirm they comply with Ihe requirements ofthe CharitiesAct 2011. including the Directors, and Strategic
Reports, under the Companies Act 2006.
REFERENCE AND ADMINISTRA TIVE INFORMA TION
The charity was incorporated on 23 January 2004 and is registered with the Charity Commission as
charity numbor 1102931. Thg charity is 3 limitad liability company and wholly owned subsidiary of The
Woodard Corporalion (charity number 1096270). The charitable company is incorporated in the United
Kingdom. Directors of the Company are also Fellows (members) of the Woodard Corporation and
participate in the election of its board of management and are committed to its charitable objects.
Note 29 provides details of connÈcted charities.
STRUCTURE, GOVERNANCEAND MANAGEMENT
Governing Document
The company is governed by Articles of Association as adopted by Special Resolution dated
20 March 2013. replacing those dated 20Lh J3nuary 2004 amended by Special Resolution(sl dated 25th
January 2006, 28th April 2009 and 23rd June 2009. They permit funds to be managed in such a manner
d5 11)e direGlors see fil, pruvi(ietJ Iliril Jubli yuweib ale uiily fur Ilie yuryub¥b of tillairiiiiy Ilie
objects and in a manner which is legally charitable. The Articles of Association forbid the distribution of
any property or funds, which are to be applied solely towards the promotion of the objects of the company.
Governing Body
The governors are the directors and charitable trustees of the company and comprise the governing body
of Presttelde School and are elected to hold office for five years. The school is governed by the governing
body which operates using a number of committees. Membership of each committee is outlined on page
14. The governing body met 3 times during the year. Throughout the accounts the goveming body will
be referred to as either trustees, directors or governors.
ReGruitment and Training of Governors
All governors are Corporate Fellows of the Woodard Corporation. Fellows are responsible for electing
the Woodard Corporation Board. Governors are recruited on the basis of nominations from school
contacts and from selection when a post becomes available. The governing body look to ensure a mix
of skills and select new governors on the basis of background, competence, specialist skills and, in the
case of Fellows, Christian commitment. Governors are provided wilh induction training by the Head,
Bursar and staff and a wider programme of training events is organised by the Woodard Corporation.
Tho 8r.hnnl 21sn 8nr.ciur2ge.s governors to attend events run by the Association of Governing Bodies of
Independent Schools IAGBIS).
Where possible the governors consider that the skills and experience of the Board should comprise the
following:
A Governor with a legal background.
A Govemor with a financiavaccounting background.
A Govemor with education experience.
A Governor with senior managerial or business experience.
A Governor with experience of equal opporiunities or disability needs.
At least one female Governor and at least one male Governor.
One Governor may have one or more of these skills.

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (incorporating the Strategic Report)
YEAR ENDED 31ST AUGUST 2024
Volunteers
Governors are volunteers providing theirtime forfree lo supporl the governance ofthe school. The school
also relies on a number of other volunteers lo undertake roles including helping the school to raise funds,
assisting in school events, helping with reading. and providing other help where required. The governing
body would like to thank all of the volunteers for their help and acknowledge the assistance given.
Organisational Management
The school is govemed by the governing body which delegates work to a number of committees.
Membership of each committee is outlined on page 14. The directors determine the general policy of the
company.
Finance and General Purpose {F&GP} Committee
the F&GP Committee has a remit to consider
budgets, both revenue and capital, cash flow information and financial reports, including thg financial
statements. 11 also considers financial policies and the financial regulations and develops the school's
eslates strategy, including Capital developnients (]Iid ITl¢Jiiileiidnce of the building5 and discusses the
overall health and safety of the site. It makes recommendations to the governing body for approval. The
F&GP Committee met 5 times during the year.
Strategic Development Committee- the Strategic Development Committee develops the school's estates
strategy, including capital developments and maintenance of the buildings and il makes
recommendations to the governing body regarding the strategic direction of tho sr.hnol. It met 4 times
during the year.
Safeguarding, Health and Safety and Boarding Committee
the Safeguarding, Health and Safety
Comrniuee is responsible for overseeing the compliance ot Ihe school in these key areas. This committee
also oversees the policy and procedures in place to implement measures across the school. It mel 3
times during the year.
Education. Pastoral. SEN and Spiritual Committee- the Education Committee is responsible for oversight
of the academic performance of the school and educational policy, making recommendalions to the
governing body. It met 3 times during the year.
Marketing, CommuniGations, Fundraising and Old Presffeldians Committee
this CorTIITiillee i
responsible for the oversight of the inlernal and external marketing of the school and for making
recommendalions to Ihe governing body. It met 2 times during the year.
Concessions Committee
Assessmenls following the bursary applications are circulated to the
committee members who then send their responses to the Bursar and Head.
The day-to-day management of the company is delegated to the Senior Leadership Team which
comprises the Head, two deputy heads, assistant head and head of Little Prestfelde and the Bursar. The
Head and Bursar are classed as Key Management personnel, overseeing educational, pastoral and
adminislrative functions in consultation with the senior staff. The day-to-day administration is undertaken
within the policies and procedures approvcd by thc govcmors which provide for only significant
expenditure decisions and major capital projects to be referred to the governors for prior approval.
The Head oversees the recruitment of all educational staff. whilst under delegated authority the Bursar
oversees the recruitment of administrative and non-teaching support staff. The Head and Bursar are
invited to attend govemors, meetings.
The remuneration of key management personnel is set by the governing body, with the policy objective
nf prnviding ApprnpriAtp. inr.p.ntives to encourage enhanced perfom)ance and of rewarding them fairly and
responsibly for their individual contributions to the school's success.
The appropriateness and relevance of the staff pay policy is reviewed annually, induding reference to
comparisons with other independent schools to ensure that the school remains sensitive to the broader
issues of pay and employment conditions elsewhere.

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (incorporating the Strategic Report)
YEAR ENDED 31ST AUGUST 2024
We aim to recruit, subject to experience. at the lower to medium point within a band, providing scope for
rewarding excellence. Delivery of the school's charitable vision and purpose is primarily dependent on
our koy management personnel and staff costs are the largcst single element of our Gharitable
expenditure.
Group Structure and Relationships
The school has a wholly owned nnn-r.hArit2hlp qubqidixry, Prp.%lfe.Idp School Enterprises Limited thÈ
activities and trading of which are described below. Note 29 provides details of connected charities.
We have a range of facilities that we are able to let out to the local community. These include the
theatrelchapel, gymnasium. classrooms, swimming pool, dining room and sports fields. We ran our own
inhouse activity camp provision during some of the holiday periods, as well as hosting an extemal aclivity
camp provider at other times.
The school continues to develop links with a wide range of organisations to ensure the widest possible
access lo our facilitieb arid ¥Gliuvlirig. Tliruuyli ITiembeiship of the Independent A550ciation of
Preparatory Schools {IAPS)' The Independent School's Bursars Association (ISBA)- and several other
government and independent organisalions linked lo the provision of children's education and through
networking with peer groups we ensure that we are able to att2in thè highest standards of quality and
performance. We encourage our pupils to develop an awareness of the social context of the all-round
education they receive at the school. and they are engaged In a number of a￿1vIlieS to enhance their
understanding. We have a thriving alumni group, the Old Prestfeldians, who are generous in supporting
the work of the school and whose support we greatly appreciate. We also cooperate with many local
charities and local State schools in our ongoing endeavours to widen public access to the schooling we
can provide, and to optimise the educational use of our cultural and sporting facilities.
CHARITABLE OBJECTS. AIMS. OBJECTIVES AND ACTIVITIES
Charitable Objects
The charity's objects, as set out in the Articles of Association. are to promote and exlend education
(including spiritual, moral, social, cullurdl and physical education) in accordance with the doctrines and
principles of the Church. The Church is defined as being the Church of England and churches in full
communion with the See of Canterbury.
Intended impact
Woodard schools strive for the best all-round education of every aspect of each individual,. they ensure
high standards of religious education- and they see themselves as communities working together for the
ijeiiefil uf (Jll IllglTiberb, dritj of Ihe Church and Ihe ndtion. They are strong Christian foundations whlch
adhere to catholic belief as found in the Church, to Christian worship focused in the Eucharist, and to the
care of each individual and the whole school community particularised in the ministry of the Chaplain.
Aims
Prestfelde School's mission is to enable all children to develop their love of learning. academic potential
ano in(Jividual talents in a caring Christian community which fosters sensitivity, confi(Jence, a sense ot
seNice and enthusiasm for life.
Prlmary objectlves
The primary objectives for the school have been articulated in the 2029 Centenary Strategy published in
September 2023. The vision is to 'further develop our position as a leading UK prep school, which will be
rAe.ngni8EJd by..
Academic excellence focused on individual pupil progress and success
Develop and implement an innovative new leaming skills curriculum for pupils of all ages.

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (incorporating the Strategic Report)
YEAR ENDED 31ST AUGUST2024
Ini1121p. x ng.W tiitorial and mentoring programme for our senior pupils to furthèr onhance their
learning and independence.
Maximise all learning opportunities by the way we shape the day to make the best use offacilities
and staffing across the school.
Deliver progressive IT strategy that maximises technology, software and Al advancements to
enhance and personalise pupils leaming.
Review the way we reward and report on the pupil's achievements, successes and outcomes.
Implementation of a progressive siaff appraisal & development programme.
Inspiring co<urrlcular programme for all pupils
Equality and opportunity in sport football for girls and optimised Vvednesday afternoon sports
provision.
Further enhance the Prestfelde Plus Saturday morning programme.
Widen opportuntties for the Creative Arts that enable greater participation and opportunities for
excellence.
Focus on trips and camps that broaden experience and adventure whilst remaining accessible.
Increase the sport provision for pupils in Little Prestfelde.
Culture of posltlve wellbeing & incluslon for pupils and staff
Re*nergise House strudure creating opportunities for pupils lo mix, compete and experience a
sense of belonging.
Further develop the wellbeing environment for staff and pupils that creates a place of choice to
work and learn, within a 'one school, focus.
Establish genuine and meaningful opportunities for pupil voice for children of all ages.
Develop Flexi boarding that is vibrant and encouragp.q r)pportunitiÈs for growth.
Eiisuie thal Diverbily, Equity. and Inclusion is embedded Into the DNA of Prestfelde.
Forward thinking leadership & governance
Ensure Prestfelde is underpinned by an effectively structured goveming body and sub
cuiririiillees Ihilt are focused on delivering outstandlng governance.
Ongoing investment in the development of our senior leaders and managers.
Deliver on a financial strategy that ensures long term stability through a portfolio of income
streams that align to the ambitions and mission of the school.
Be agile in a changing environment. but true to our strategic mission.
Community engagement through positive and enduring relationships
Re-energise the Old Prestteldian alumni to provide opportunities for former pupils and staff to
engage positively with the school.

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (incorporating the Strategic Report)
YEAR ENDED 31ST AUGUST2024
Widen our outreach programme of stata school partnerships and charity I community
relationships.
Broadcast Prestfelde's vision. ethos and mission nationally through effective marketing.
Be innovative through the provision of transformaliorirjl butbaries.
Sustainable Investment to deliver inspirlng and highquality facilities
Complete Phase 1 of a capilal investment campaign the building of a new astro turf and the
refurbishment of Highfield House.
Create a forward-thinking estate master plan to ensure effective delivery of capital builds, ongoing
refurbishment. and onsite traffic solutions.
Drive carbon neutrality - in all our operations and decisions.
Strategles to achieve the primary objectlves
The Full Council and Senior Leadership Team will employ a number of strategies to achieve the primary
objectives including..
Regular review, challenge and update of the strategic plan and associated school development
plan.
Governor opportunities to be'in school, meeting stxff And PLJpils and observing how the school is
performing.
Use of KPI'S against benchmarking data.
Analysis of the wider marketplace and education sector.
Ongoing PD and professional reviews of staff.
Use of survey information to infomi progress and areas to improve.
Keeplng abreast of e(Jucational best practise.
Principal Activities of the Year
The principal activity of the school is the delivery of education to pupils ranging from 3 to 13 years of age.
We also run a nLsmber of holiday school activities, and the school is open at other times for use by the
local community outside of school hours. Pupil numbers at the school during the year were as follows-
202312024
202212023
Preparatory School
Pre-Prgparatory School
Total
225
113
338
232
112
344
During the week we offer boarding on a flexi basis for 3 nights per week. The school does not offer full
boarding.
Public Beneflt
Within the objects, the school aims to create an environment to nurlure children, to get the best from them
and to allow them to develop and fulfil their potential. We provide them with a first-class independent
education and a wide range of sporting and creative opportunities. Our public benefit aim is that all pupils
will be caring, courteous, confident and happy individuals and desire to contribute to the wider community.
Pupils are developed not only for exam success but also with a full appreciation and deliqht in all learning
and all aspects of cultured living
in music and the arts or sporting and adventurous outside endeavour.

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT {incorporatlng the Strateglc Report)
YEAR ENDED 31ST AUGUST 2024
In furtherance ofthese aims the Presttelde School govp.mnr.g, 8$ the charity trustees. have Complied with
the duty in s.17 of the Charities Act 2011 to have due regard to the Charity Commission's published
goneral and relevant sub-sector guidance conceming the operation of the public benefit requirement
under that Act.
Our school welcomes pupils from all backgrounds. To admit a prospective pupil. we need to be satisfied
that our school will be able to educate and develop a prospective pupil lo the best of their potential and
in line with the general standard-
achicvcd by their peers. Entrance assessments are undertaken to
satisfy ourselves and parents that potential pupils can cope with the pace of leaming and benefit from the
education we provide. An individual's economic status, gender, ethnicity. race, religion or disability do
not fomi part of our assessment processes.
Tho school ensures its facilities and experbse benefitthe local community. The sporting facilities are used
for local and county level clubs and activities in athletics. cricket. football, lacrosse, netball, rugby, tennis,
daiice aiid SWiiTIITiirig.
We open up our facilities to local children in other schools through Sports festivals during the year for
KS1 children in local primary schools. This year we continued our work with Shropshire Cricket, being the
host for girls cricket in the county.
Our swimming pool is used by a number of local organisations, including local primary schools and local
interest clubs offering activities for all ages. We host swimming galas for local schools and to encourage
swimming as a survival skill for all children to learn.
We support our local community. Our minibus has provided transportfor the local community so thatthey
can attend support groups. Harvest Festivals take place and food deliveries were donated by our children
and parent community working closely with Shrewsbury Food Hub supporting them in raising funds for
them to distribute within their charity. We work alongside Christian organisations to raisc awareness and
promote fund raising across the Diocese.
The school shares good practice at Deputy Head and Head of Department level through hosling
networking events to learn new ideas and discuss putting them into practice.
The school offers its experbse and shares best practice in many academic subjects. We have held two
prlmary cluster meetings this year to support local primary schools. I his is an opportunity to share good
practice between practitioners, so that these strategies can be iaken back to local primary schools and
implemented.
We continue to participate in the John Muir Award in our Middle School in conjunction with the Wildlife
Trust.
In science we held a compelition day for local primary schools within the Severn Bridges group. This
provided engagement in science for children who do not have access to science laboratories or specialist
teaching.
In music the school participated in Ihe 'Big Band Workshop Day. at Shrewsbury sr.hnnl And again at
Wrekin College lo bring local children together to enjoy performance music. Later in the year we also
attended the Choral Workshop Day at Concord College attended by local primary sGhool Ghildren to foster
a love of singing together.
The school also continues to undertake charity work both in time and money - at a local level and
national level. This year pupils chose four Shropshire Charities and raised over £3000 to support their
causes.
Our school is a part of a wider communty, and we are keen that our staff and pupils participate. Our
governors are committed to developing our programme of cooperation and joint working with local
maintained sector junior schools. The activities undertaken and the success of our programme are
explained in the 'review of achievements and p8rformance for the yaarf section of this report.
Presttelde School strives to ensure that measures for public benefit are appropriate, and that significant
sections of the public are not excluded from the opportunity to benefit from thp. p.diJe.Ation and facilit188

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (incorporating the Strategic Report)
YEAR ENDED 31ST AUGUST 2024
offered due to the need to pay a fee. In addition to significant provision of bursaries and other forms of
financial support, the school provides a wide range of opportunities for communily benefit and facilities
and ovènts are often open to 211.
It is a key requirement of evidencing public benefit that any private benefit to individuals or elements of
the charity will be incidental to the charity's objectives. An example of private benefit may be the
reimbursement of Iravelling expenses for trustees attending training courses.. any private benefit to
individuals or @Ip.mg.nl.q nf Woodard are incidental to delivèry of the charitabla objectivos.
Concessions Including Bursaries & Scholarships
Our school does not have an endowment and in funding our concessions we have lo be mindful that we
must ensure a balance between fee-paying parents, many of whom make considerable personal
sacrifices to fund their child's education, and those benefiting from the awards. Further details of our
concessions polices and how to apply ar8 available on our websitc Mvw.
rcstfelde.co.uk.
All criteria and policies relating to conGe55ions are kept under review aiid are updated when necessary.
Bursaries
Bursary awards are important in helping to ensure children from families who would othe￿1$e not be able
to afford the fees can access the education we offor. Our bursary award-
are availablc to all parent8 who
meet our general enty requirements and a￿ made solely on the basis of parental means or to relieve
hardship where a pupil's educcilivri dn(i fulure prospects would otherwise be al risk for example in the
case of redundancy. In most cases the budget for bursaries is allocated using a 'needs blind" approach
as far as possible, whilst giving priority to the continuity of educalion of those pupils already at the school.
Bursary applications are assessed by a third-party organisation.
This year the value of means tested bursaiies totalled £164.549 (2023.. £174,939) and represented 3.07 /0
(2023: 3.4 % ) of our gross fees. They provided assislance to 30 {2023'. 33) of our pupils with no pupils
benefiting from a full remission of fees.
Scholarships
The purpose of our scholarship awards is to recognise high academic potential or the ability to excel in
our Go-curiicular ablivilieb. Our scholarships are awarded on the basis of the Indiviclual's academic
potential or evidence of exceptional abilities which will contribute to our co-curricular activities. In addition,
awards may be subject to conditions imposed by the original donor.
The school awarded scholarships to 38 (2023.-52) pupils, based on their educational merit and potenlial,
tolalling £80,09112023- £98,545) and representing 1.49 % (2023. 1.9 /0) of our gross fees. Oftliis number,
5 (2023.. 6) also qualified for means-lesled bursary support and are included in the figures relatirig lo
bursary awards.
The progress of pupils receiving scholarships is reviewed at least annually lo ensure their progress is in
line with their abilities. No scholarships were withdrawn in the year as a result of reviews.
Etnployment PollGy
We are an equal opportunity organisation and are committed to a working environment that is free from
any form of discrimination on the grounds of colour. ra￿, ethnicity, religion, sex, sexual orientation or
disability. We will make reasonable adjustments to meet the needs of staff or pupils where required.
Engagement with Suppliers, Customers and Others in a Business Relationship with Prestfelde
School
Prestfelde School seeks to engage aclively and positively wrth all slakeholders in the local community
and in the wider educational landscape. Collaborative relationships with suppliers, parents, educational
partners and community leaders are seen as key enablers to achieving success in all of the group's
operations.
During the year the group has further promoted this engagement though specific initiatives including..

PRESTFELDE SCHOOL LIMITED
DIRECTORS. REPORT (Incorporatlng the Strateglc Report)
YEAR ENDED 31ST AUGUST 2024
Regular communication and engagement with parents and prospective parents of pupils
attending Prestfelde School to enhance the understanding of the provision to each pupil and to
fully coordinate suppotl to pupils from parenls and schools.
Engagement with other educational organisations and partners at local and nationa5 levels lo
share best praclice and to provide peer support.
Active dialoguco Wlth looal Council￿ on mattcrs whiGh impact children and families in the
comrnunity as well as relate to operation of each school.
Engaging with local businesses to obtain besl value and support local business growth.
Seeking all possible opportunities to engage with local and national suppliers in the area.
Seeking regular communication with all suppliers and ensuring good commercial practices of
prompt payment and clear communication to oplimise arrangements for supply of goods and
services to Prestfelde School.
Promoting and encouraging pupil and staff opportunities to engage in local voluntary and other
projects to support thè community.
Providing community access to facilities to Prestfelde School and, in many cases, adopting a role
that puts the school at the heart of a community-
STRA TEGIC REPORT
REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR
Responding to External Pressures
The Independeni schools. sector, including Woodar¢J independent schools, stooii up well to the
problems created by the 'cost of living crisis. bul independent schools remained concerned. and many
were planning for pressure on pupil numbers, particularly once the new Labour Govemment confirmed
the introduction of VAT on school fees from 1st January 2025.
The increases in the cost of living impacted all areas of cosl for independent schools. particularfy in staff
costs. The more recent return to long term rates of inflation has lessened this impact, but schools have
all faced an issue in recovering their costs through fee rises. This will continue with the introduction of
VAT.
School Performance and Achlevemenls
Prestfelde has continued to perfomi Oxceptionally well in many areas of school life. The new 2029
Centenary Strategy has provided energy and focus towards achieving our vision of further developing our
position as a leading UK prep school. Key achievements in each of the strategic pillars includa:
Academic excellence focusing on individual progress and success
An impressive 29 SGholaiships were awarded to Year 8 pupils from a range of Senior Schools, including
Shrewsbury School, Concord College, Malvern College and Gordonstoun with an impressive 9
scholarships awarded. A significant number of high grades were achieved- notably Maths, Humanities
and French with seven or more A minus to A plus grades. Two of the twelve children silting the academic
scholarship at Shrewsbury School achieved As across all their subjects.
All Year 8 pupils passed Common Entrance and gained a place at their first Ghoice Senior School and
there was an increased percentage of children achieving A grades compared to 2023.
Pupils achieved exceptional EYFS Early Learning Goals results. 81.30/0 of children met the expected
standard. Literacy and Maths a particular highlight with 90°/0 of children al the expected standard.
National and local data is yet to be published but this normally sits around the 60 % mark, so we continue
lu be lar aligad.
The school achieved the 'Leading in Reading. Ambassador Award. lestament to the work of the English
department in promoting reading across the school.
In the UK Maths Challenge. 5 gold, 9 silver and 6 bronze certificates were achieved. Children from Years
5 -8 participated.

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (Incorporatlng the Strateglc Report)
YEAR ENDED 31ST AUGUST 2024
Inspiring co-curricijlar programme for all pupils
Wider Hori£onb Week was a huge success wilh Year 8 in the Ardeche. Year 6 in Noriiiaiidy, Year
5 al the Great Escape and Year 4 al Condover Hall. All other year groups enjoyed a week of
onsite activities and day trips further afield.
Sports
U13 oirls second and U11 girls Ihird at the IAPS cricket tournaments hosted at
Prestielde.
U11 boys played in the National ISFA football finals at St. George's Park in May and just
missed out on the quarter finals by one point.
Seven Old Prestfeldians helped Shrewsbury U18s win a National ESFA football
competition in May.
Three very successful House Swimming Galas in which every child swam in at least two
races, regardless of their ability. Winners of the U11 and U12Girls County Hockey
Tournaments. 3rd place at the U13 Girls County Hockey Tournament.
2Tht place at the Regional IAPS U11 Netball Toumament at Sedbergh School.
Swimming has been introduced for all Year 1 pupils once a week, and Year 1 and 2 have
hxd an Additinn21 g2mp.8 Ip.88on added to thp.ir timp.t2ble_ Br)Ih of whie.h will enh2ne.p. thg.
school's sporting provision.
Football has successfully been introduced for girls wilh a number of leams achieving
nolable success.
Music
Continuation of Ihe Tea-Time Recital Series which this year has now become half-lermly.
We've had over 60 pupils performing as soloists in these recitals this year.
A record number of internal ABRSM entries this academic year with well over 80 entries.
Wurkblivy vppuiluiiilies fur our youiig iiiusiciaiis at Wrekiii College aiid Shrewbbury
School.
1 . New instrumentslvisiting music teachers introduced into the lesson schedule including Harp, French
horn and Trombone.
Drama
Whole Year 7 cohort achieved the Bronze Arts Award in one term - 100 % pass rate.
LAMDA results - 26117 pupils achieving a Distinction in the May exams.
Matilda the Musical - resounding success, large numbers of pupil involvement.
Professional working relalionships made with researchers from Staffordshire University,
the Creativity Collaboratives I Creative Exchange. FABRIC Dance Birmingham and
multiple schools for collaborative working (Tring Park School of Performing Arts, Thomas
Telford School. The Telford Langley School, William Brookes School).
Art
The Advanced Art Exhibition in May showcased the extraordinarily high level of the
current Year 8 cohori across a wide range of techniques.
The new printing press from Ironbridge printmakers is now in regular use, which has
opened up so many opportunities to produce a very differenl range of successful
outcomes for our pupils - a piece of equipment rarely used at this age group.
Tha Kiln is in regular use across th8 board from Years 3- 8, and our Monday Clay Club,
with beautiful pieces of work being produced.
Culture of positive wellbeing & in¢lu$ion for pupils and staff
In response to demand from current and prospective parents the school announced a new and
increased boarding model, to start September 2024 with pupils able to board 5 nights per week.
A new role of Head of Wellbeing has been created with the remit to fijrther promote pupil
wellbeing across the whole school and empower and train all stsff to play a role in this area of
school life.
10

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (incorporating the Strategic Report)
YEAR ENDED 31ST AUGUST2024
Forward thinking leadership & governance
The school has successfully recruited 3 new Governors to join the Education Committee and 1
new Governor lo join the Finance and (ieneral Purposes Lommittee.
The Governor Strategy Committee has continued to evaluate and work on the potential impact of
VAT on fees in line with the strategic plan.
Gommunlty engagement through Positive and enduring relationships
The school appointed a new Partnerships and Community Engagement Lead. This is a new
responsibility F)OSt and is designed to further enhance our currenl links with the community {most
notably state sector partnerships) and look for wider opportunities for the school to engage in
partnership activity.
The Friends of Prestfelde Summer Ball was a resounding success with almost 240 tickets sold
ali(1 £8000 iaised iii tlie cliai ily auclioii.
The Old Prestfeldians hosted Iheir first Sabrina Boat Cruise which was attended by 40 former
pupils and staff.
The Marketing & Admissions Department have had a busy temi with a lol of new and SUCGessful
initiatives such as the launch of Ihe Prestfelde app, attendance and hostinq at business network
events, targeled social media and google ad campaigns, and the production of new website
pages and promotional malerial. Significantly registrations are at their highest for three year5 and
enquiries from international families have increased.
Sustalnable Investment to deliver tnspiring and hIgh￿UalItY facilities
The first phase of the redevelopment of Highfield House starled this year which will benefit all of
the SGhool Gomtnunity.
The school submitted an application for a new artificial hockey pitch, with a decision expected in
November 2024.
Key Perforniance Indicators
Presttelde uses KPIS internally and externally in line with anonymised results from national surveys. These
KPIS include surplu3, pupil numbcrs, and financial ratios. These KPIS are analysed within Prestfelde, by
Governors and also by the Woodard Corporation.
Funds held as custodian trustee on behalf of others
Presffelde School does not hold funds or act as custodian trustee on behalf of others.
FINANCIAL REVIEW
Results for thè Yèar
Incoming resources for the year amounted to £5,340,595 (of which the school is £5,316,426) (2023:
£5,161,060) of which the operating surplus on school aclivilies was £68,258 {2023'. £150,791). Our
targeted percentage offee income set out in our long-term plans was met. This surplus has been achieved
with 2 ri.se in fees lower than inflation and against a background of strongly rising operating costs. We
are pleased with this achievement against a backdrop of an uncertain year. Gross income for the year
was up by some 4.03¥0 on last year. reflecting a reduction in pupil numbers when modest fee increases
are laken into account.
Our trading company Presttelde School Enterprises continues to hire out facilities on the school's behalf
outside of school hours and during the holidays. The company contributed £24,014 to the school's
operating surplus. Group total funds increased by £92.272 for the year. including revaluations.
The parents of our Puplls often make slgnlflcant sacrlflces to pay the fees. In doing so they help to relieve
the state of the financial burden of educating 338 UK based children. The saving is estimated to have a
value in the last year of£2.599,220. The school is also unable to recoverthe VAT on purchases it makes.
During the past year. Prestfelde School has paid an estimated £357,075 in irrecoverable VAT on goods
and services.
11

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (incorporating the Strategic Report)
YEAR ENDED 31ST AUGUST 2024
Prestfelde School provides a pension to some slaff under the terms of the Pensions Trust Growth Plan.
As a result of this pension scheme being under funded, Prestfelde School is committed to contributing to
a recovery plan. During the course of the year Prestfelde School made contributions to the recovery plan
of £7,684 {2023.' £18.128) and the recogr)iseiJ liabilily under the plan reduced by £17,202 with this value
being recognised in the Statement of Financial Activities. Further details can be found in note 22.
Reserves Level and Policy, and Financial Viability
Prestfelde School's policy is to retain sufficient unrestricted income reserves lo enable the company to
continue to meet its short-term fsnancial obligations in the event of an unexpected revenue shortfall. The
aim is to budget so as to provide sufficient working capital to meet the present needs and future
development requirements of the school without the requirement to have recourse to sales of tangible
fixed assets.
The balance sheet contains a number of nonwcash and longer-term liabilities, including those related to
pensions. These items are excluded from consideration of the available reserves. Unrestricted funds
increased by £92,272 {2023-. Increase of £169,343) to total £4.547,172 (2023.. £4,454,900), as shown in
note 20. Prestfelde School plans to fund longer tem) capilal expenditure and meet long term liabilities
through careful management of resources and inveslments and through building reserves through
operations and trading. The company's unrestricted reseNes are prtmarily invested in tangible fixed
assets which are all used for its direct charitable activities.
In common with most independent schools, and due to having to fund their own capital investment plans,
free reserves are at a negative balance illustrating the extent of the investment in our school. The school
had total reserves of £4.547m at the year-end which were all unrestricted funds. Prestfelde School also
has reserves of £25k for pension-funding deficit. Fixed assets held for charity use totalled £5.175m,
leaving free reserves of £b28k (2023.- £398k) ai ihe year*nd. The school's financial viability does not
depend on income reserves but in its ability to continue to trade at a surplus on an annual basis. and on
the substantial portfolio of fixed assets held for operational use. The school does not have, and cannot
rely on, permanent endowments. The School's total incoming resources totalled £5.34m forthe year with
a year-end bank balance of £221 k (2023.. £329k).
PRINCIPAL RISKS AND UNCERTAINTIES
The governors consider the economic turbulence of recent years and the affordability of fees by parents
across the independent sector to be the principal risk faced by the school. In addition, the school is not
alone in facin9 an increase in the cosl of supplies and salaries as a result of inflationary and cost of living
increases. The governing body, Iherefore, decided last year lo increase the fees in September 2023 by
For September 2024 the goveming body has again limited fee changes, lo a 5.750/0 increase. The
ind?.pendAnt 8pr.tnr 28 2 whnlA iq e.iirrp.ntly 8iJbjer.t to ine.ro2qp.d pnlitir.21 ri*k fnllnwing rA)nfirmxtion by thp
Government that they will remove tax concessions for charitable independent schools, adding VAT and
removing business rate5 relief. There 15 a significant risk to the independent sector a5 adding VAT to
school fees from 1st January 2025 may make the fees unaffordable fora proportion of parents, potentially
affecting school income. The full effect will not be known until all details of the policy are announced and
schools and parents are able to assess the impacl on affordability.
Heallli arid Safely is always a si91iificant area foi risk managemeiit. The risks raiige from fire arid daiiiage
to infrastructure, to personal risks {most notably when away from the site on trips and expeditions). The
level and breadth of activity at the school is impressive and the risks associated with all activities are
minimised by thorough planning and risk assessment.
The governing body is responsible for the identification and management of risks. The major risks to
which the charity is exposed, as identified by the directors, have been reviewed and systems and
procedures have been established to manage those risks. Detailed examination of the risks and
establishment of controls to mitigate them is delegated to the Senior Leadership Team and the process
is overseen by the governing body. A formal review of the risk management processes is undertaken
annually.
12

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (incorporating the Strategic Report)
YEAR ENDED 31ST AUGUST 2024
The principal risks to which the group is exposed include those affecting protection of pupils and security
and preservation of charitable assets both now and in the future. Significant risk areas=
the governors consider possible catastrophic events and ensure that the school has a plan in place
to allow education to continue in a range of different scenarios
the market in which the school operates is highly competitive and we monitor developments in
education to ensure that pupils always receive a first class, holistic and varied educational experience
in our school
we strive lo ensure that all staff are able to work in a safe and supportive environment and policies.
proGedures and training in Human Resource Management and Health and Safety help to ensure that
the school meels expectations
the school operates in a highly regulated sector. including in matters of child protection. and we
appoint appropriate profèssional advisars to onsure that we can keep up to date with all requirements.,
school or individual membership of bodies being the constituenl associations of the Independent
Schools Councll also ensure Uiat we have access to up-t041ate information and support
the school operates in an increasingly litigious environment, and we appoint appropriate professional
advisers and purchase insurance using specialist brokers and advisers to ensure Ihat we can keep
up to date with all requirements and meet all challenges
all organisations face difficult economic conditions, particularly in relation to the impact of inflation,
and directors and senior managers in the school keep abreasi of economic conditions locally,
nationally and internationally to identify trends and develop plans lo address issues.
The key controls usod by thp. school inclijdp..
fomial agendas and minules for all meetings of the goveming body and committees
terms of reference for all committees
comprehensive strategic planning, financial forecasting, budgeting and management accounting
established and identifiable organisational structures and reporting lines which are regularly reviowpd
comprehensive formal wrilten policies
clear authorisation limits
vetting procedures, as required by law. for protection of the vulnerable
Financial risk management objectives and policies
Thp school uses financial instrLiments, other than derivatives. comprising loans. cash and other liquid
resources and various other items such as trade debtors and creditors that arise directly from operations.
The main purpose of these financial instruments is to raise finance for the group's operations.
The main issues arising from the group's financial instruments is liquidity risk. The school's directors
adopt policies for managing each of the risks and these are summarised below:
Liquidity risk - the school seeks to manage financial risk by ensuring sufficient liquidity is available to
meet foreseeable needs by partaking in pooled banking organised via the Vvoodard Corporation
GOING CONCERN
The governing body has continued to review any potential impact of the national economy, and
particularly thc impact of VAT on fees, on school operations and finances. School managers and
governors continue to work hard to mitigate any potential financial impact reviewing costs and planning
cashtlow. The school has appropnate plans in place and has liaised with the bank should any support
be required in the future. The Head and Bursar are meeling with parents to provide information about the
impact of VAT on educational supply. Having considered all factors and after reviewing the available
evidence, the directors have a reasonable expectation that the company will be able to continue operating
for the foreseeable future and the financial statements have been prepared on a going concern basis.
Further details related to Ihe adoption of the going concern basis can be found in the accounting policies
on page 25.
13

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (Incorporatlng the Strateglc Report)
YEAR ENDED 31ST AUGUST 2024
FUTURE PLANS
The Head and Council continue to refine the 2029 Centenary Strategic Plan to ensure Ihat Prestfeldo
remains one of the largest and mosl successful Preparatory Schools in Shropshire and beyond and a key
member of the Woodard Group of schools.
We shall continue as a co-educational day and boarding school with a Nursery, Pre-Prep arid Prep
dèpartmgntg, for ages 3-13 yoars. Our focus will bo on sustaining the very high standard of academic
work and achievement at the same time as enhancing our extra-curricular opportunities.
The Strategic Pillars of the current plan are:
Acadomic excellence focusing on individual progress and success
Inspiring co-curricular programme for all pupils
Lulture ol posilive wellbeing & inclusion for pupils and staff
Forward thinking 1g.atfp.r%hip % gnvp.rnanr.p.
Community engagement through positive and enduring relationships
Sustainable investment to deliver inspiring and highquality facilities.
DIRECTORS
The directors who served during the year, and the committees of which they are members, are:
Mr R P Sartain Ichaimian)
F&GP. Education, Safeguarding, Health & Safety and
Boarding, Education, Pastoral. SEN, and Spiritual,
Strategic Development. Marketing, Communications &
Fundraising, Remuneralion, Nominations
Mr T M Parsons BDS to 24106124
F&GP. Strategic Development, Nominations, Marketing,
Communications and Fundraising, Audit.
Mr R M Jenkins BA{Hons) MBA
F&GP. Concessions, Remuneration, Audit.
Mr M N Holyoake BSc(hons) FGS
ACMA CGMA
F&GP, Marketing, Communications and Fundraising,
Strategic Development.
Mr D Tyack MA (Oxon)
F&GP. Safeguarding. Health & Safety and Boarding,
Mrs A J Thorn BA {Hons) MBE, DL
Marketing, Communicalions & Fundraising, Safeguarding,
Health & Safety and Boarding, Remuneration.
Mr N L Winkley MA (Oxonl MEd
(Open} PG Cert Bus Admin (Open)
Education, Pastoral. SEN, and Spiritual.
Mr A J Barker FCA
F&GP, Concessions, Remuneration. Audit
Mrs H Fitzgerald MA (Oxon)
Education, Pastoral, SEN, and Spiritual
Mrs N Cooper BEd {Hons)
Education, Pastoral, SEN, and Spiritual, Safeguarding.
Health & Safety and Boarding
Mr J Sharman Hons Bcom
Marketing. Communications and Fundraising, Strategic
Development.
Mr E Davies BA (Hons) from
0611212023
Education, Pastoral, SEN. and Spiritual
Ms A Stubbs BA (Hons) from
0611212023
Education. Pastoral. SEN. and Spiritual
14

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (Incorporatlng the Strateglc Report)
YEAR ENDED 31ST AUGUST 2024
Ms C Watson MA (Oxon) from
0611212023
Education, Pasloral. SEN, and Spiritual
Mr P Wood FCA from 3010812024
F&GP
None of the directors has any beneficial interest in the company.
AUDITORS
Following a competitive tender process. Moore Kingston Smith LLP were appointed as the company's
external auditors at the Annual General Meeting held on 23rd May 2024, for the year to 31 August 2024
onwards. Cons8qu8ntly, RSM UK Audit LLP did not offor themselves for reappointment under section
48712) of the Companies Act 2006. The Board would like to express its appreciation to RSM for their
services over Ihe past seven years.
15

PRESTFELDE SCHOOL LIMITED
DIRECTORS, REPORT (incorporating the Strategic Report)
YEAR ENDED 31ST AUGUST 2024
DIRECTORS. RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Directors, Report, the Strategic Report included within
the Directors. Report and the financial statements in accordanco with applie.2blg. law And rp.giJl8tions.
Company law requires the directors to prepare group and company financial statements for each
financial year. Under that law the directors have elecled to prepare the financial statements in
accordance with United Kingdom (>enerallyAccepteiJ Accounting Practice (United Kingdom Accounting
Standards and applicable law).
Under company law the directors musl not approve the financial statements unless they are satisfied
that they give a true and fair view of the state of affairs of the group and the company and of the profit
or loss of the group and the company for that period.
In preparing each of the group and company financial statements. the directors are required to..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP {FRS 102}'.
make judgements and accounling estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any malerial
departures disclosed and explained in tha financial statèmènts., and,
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the group and the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and
explain the group's and the company's transactions and disclose with reasonable accuracy at any time
the financial position of the group and the company and enable them to ensure that the financial
bl<ilementb Comply willi tlie Compiqnies Acl 2006. They are also responsible for safeguarding the
assets of the group and the company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial
information included on the company's website. Legislation in the United Kingdom goveming the
preparalion and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the Board of Directors of Prestfelde School on 241h June 2025 including, in their capacity
as company directors. approving the Directors. and Strategic Reports contained therein, and signed on
alf by..
artain
CHAIRMAN
16

PRESTFELDE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PRESTFELDE SCHOOL LIMITED
YEAR ENDED 31ST AUGUST 2024
Opinion
We have audited the financial statements of Prestfelde School {the 'parent charitable company,) and
its subsidiary {the 'group') for the year ended 31 August 2024 which comprise the Consolidated and
Charity Statements of Financial Activities (including an Income and Expenditure Account) Company
Statement of Financial Activities (including an Income and Expenditure Account}. the Consolidated and
Company Balance Sheets, the Consolidated Cash Flow Statement and the notes to the financial
statements, including a summary of significant accounting policies. The financial reporting framework
that has been applied in Iheir preparation is applicable law and United Kingdom Accounting Slandards,
including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
(United Kingdom Generally Accepted Accounting Practice).
In our opinion tha financial statements:
give d true i4nd fdir view of Ihe bldte uf Ihe grvup'b dnij Ihe Pdrent Lhdrilcible Lumpdny'b dffdifb iq5
at 31 August 2024 and of the group's incoming resources and application of resources, including
its income and expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Gene￿IlY AGcepted AGGounting
Practice., and
have been prepared in accordance with the requirements ot the Companies Acl 2006.
Ba515 foi opinion
We have been appointed auditors under the Companies Act 2006 and section 151 of the Charities Act
2011 and report in accordance with those Acts_
We conducted our audit in accordance with Intemational Standards on Auditing {UK) (ISAS {UK}l and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
group and parent charitable company in accordance with the ethical requirements that are relevant to
our audit of the financial statements in the UK, including the FRC'S Ethical Standard and we have
fulfillcd our othcr cthical responsibililics in accordancc with thesc rcquircmcnts. Wc bclicvc that Ihc
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial statements. we have concluded that the Directors, use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
ovenls or conditions thal. individually or colleclively. may casl significant doubt on Ihe group's or the
parent charitable company's ability to continue as a going concern for a period of at least twelve months
from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Directors with respect to going concern are described
In the relevant sections of this report.
Other information
The other information comprises the information included in Ihe Annual Report other than the financial
statements and our auditor's report Ihereon. The Directors are responsible for the other information
contained within the Annual Report. Our opinion on the financial statements does not cover the other
information and, except to the extent otherwise explicitly stated in our report, we do not express any
form of assurance conclusion thereon.
Our responsibility is to read the other infomiation and. in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the
course of the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misstatemenl of this other information, we are required
17

PRESTFELDE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PRESTFELDE SCHOOL LIMITED
YEAR ENDED 31ST AUGUST 2024
to report that fact. We have nothing to report in this regard_
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit:
the information given in the Directors, Reporl which includes Ihe Directors. Report and the Strategic
Report prepared for the purpose of company law for the financial year for which the financial
statements are prepared is consistent with the financial statements. and
the Directors. Report and the Strategic Report, included within the Directors, Report have been
prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent charitable company and
Iheir environment obtained in the course of the audit, we have not identified material misstatements in
Ihe Directors. Report or the Strategic Report included within the Directors. Report.
W¥ liave Iiolliiiiy Iv i¥wil iri rebpebl vf Uie fullvwiiiy ITl<illers where the Companie5 Act 2006 requires
us to report to you if. in our opinion:
adequate accounting records have not been kept by the parent charitable company, or rp.turns
adequate for our audit have not been received from branches not visited by us., or
the parent Gharitable Gompany financial statements are not in agreement with the accounting
records and returns- or
Gertain disclosures of directors, remuneration spectfied by law are not made., or
we have not received all the information and cxplanations wc roquire for our audit.
Responslbllltles of directors
As explained more fully in the Statement of Directors. responsibilities set out on page 15, the trustees
(who are also the directors of the charitable company for the purposes of company law) are responsible
for the preparation of the financial statements and for being satisfied that they give a true and fair view,
and for such internal control as the Irustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whelher due lo fraud or error.
In preparing the financial statements. the Directors are responsible for assessing the group's and parenl
charitable company's ability to continue as a going concern. disclosing, as applicable, matters related
to qoinq concern and using the going concern basis of accounting unless the trustees either intend to
liquidate the group or parent charitable company or to cease operations, or have no realistic alternative
but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement. whether due to fraud or error. and to issue an 2uditor'8 rt)pnrt that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatementwhen it exists.
Misstatements can arise from fraud or error and are considered material if. individually or in the
aggregate, Ihey could reasonably be expected to Influen￿ the economic decisions of users laken on
the basis of these financial slalements.
The extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities are instances of non-complianGe wilh laws and regulatlons. The otslectlves of our audlt
are to obtain sufficient appropriate audit evidence regarding compliance wilh laws and regulations that
have a direct effect on the determination of material amounts and disclosures in the financial
statements, to perform audit procedures to help identify instances of non-compliance with other laws
and regulations that may have a material effect on the financial statements, and to respond
appropriately to identified or suspected non-compliance with laws an(1 regulations identified dunng the
audil.
18

PRESTFELDE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PRESTFELDE SCHOOL LIMITED
YEAR ENDED 31ST AUGUST 2024
In rp.12tion to fr2ud. the objectives of our audit are to identify and assess Ihe risk of material misstatement
of the financial statements due to fraud. to obtain sufficient appropriate audit evidence regarding the
assessed risks of material misstatement due to fraud through designing and implementing appropriate
responses and to respond appropriately to fraud or suspected fraud identified during the audit.
However. it is Ihe primary responsibility of management. with the oversighl of those charged with
governance, to ensure that the entitrfs operations are conducted in accordance with the provisions of
laws and regulations and for the prevention and detection of fraud.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud,
the group audit engagement leam and component auditors..
obtained an understanding of the nature of th@ sector. including the legal and regu12tory framework
that the group and parent charitable company operate in and how the group and parent charitable
conTrpany are complying with the legal and regulatory framework",
inquired of management, and those charged with g0veman￿, about their own identification and
assessment of the risks of irregularities. including any known actual, suspected or alleged instances
of fraud.,
discussed matters about non-compliance with laws and regulations and how fraud might occur
including assessment of how and where the financial statements may be susceptible to fraud.
As a result of tliese PlOGedures we Gonsider the most significant laws and regulations that have a direct
impact on the financial statements are FRS 102, Charities SORP (FRS 102), Companies Act 2006,
Charities Act 2011, Ihe parent charitable company's goveming document and tax legislation. We
performed audit procedures to detect nonacompliances which may have a material impact on the
financial statements which included reviewing the financial statements including the Directors, Report,
remaining alert to new or unusual traiisdLtiviib wliibli iildy rivl iii dGLurddiiLe willi Ilig govvriiiiig
documents and inspecting correspondence with local tax authorities.
The most significant laws and regulations that have an indirect impact on the financial statements are
The Education (Independent School Standards) regulations 2014. Keeping Children Safe in Education
under section 175 of the Education Act 2002, and the UK General Data Protection Regu18tion {UK
GDPRI. We performed audit procedures to inquire ofmanagement and those Charged with governance
whether the company group is in Complian￿ with these law and regulations and inspected
correspondence with regulatory authorities.
The group audit engagement team identified the risk of management override of controls and the
completeness and cut off risk of all income except fee income as the areas where the financial
statomcnts wcrc mosl susccptible to material misgtatement due to fraud. Audil procedures performed
included but were not limited to testing manual joumal entries and other adjustments. evaluating the
business ralionale In relation to significant. unusual transactions and iransactions entered into outside
the nomial course of business and challenging judgments and estimat&s.
A further description of our responsibilities for the audit of the financial statements is provided on Ihe
Financial Reporling Council's website at htt =Ilwww.frc.o
-uklauditorsres
onsibilities. This description
forms part of our audltor's report.
19

PRESTFELDE SCHOOL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PRESTFELDE SCHOOL LIMITED
YEAR ENDED 31ST AUGUST 2024
Use of our report
This report is made solely to the charitable companvs members, as a body, in accordance with Chapter
3 of Part 16 of the Companies AGt 2006. Our audit work has been undertaken so that we might state
to the charitable company's members Ihose matiers we are required to stale 10 Ihem in an audiior's
report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume
responsibility to anyone other than the charitable company and the charitable company's members as
a body, for our audit work. for this report, or for the opinions we have formed.
k%•*kn l£p
Robert Kersse, Senior Statutory Auditor
For and on behalf of Moore Kingston Smith LLP (Chartered Accountants and Statutory Auditor)
61h Floor, 9 Appold Straat
London
EC2A 2AP
Date.. 2510612025

PRESTFELDE SCHOOL LIMITED
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an
Income and Expenditure Account)
YEAR ENDED 31ST AUGUST 2024
Notes
UnreslriGted
Funds
Rebliibl¥¢J
Funds
Total
Total
2024
2023
Income and endowments from:
Cliaritable AGtivities
School fees receivable
4.936,101
278.877
4,936,101
278,877
4,743,388
275,276
Ancillary trading income
Other trading activities
Non-ancillary trading income
Investments
123.098
123,098
125,664
Bank and other interest
2.519
2.519
Voluntary sources
Grants and donations
TOTAL INCOMING RESOURCES
20
5.340.595
5,340,595
5.144,328
Expenditure on..
Raising funds
Other income generating activities
Net financing {income)Icosls
17,365
17,365
123.4591
17.365
17,36S
123,4591
Charitable Activitiès
Education and grant making
5,230,958
5.230.958
5.031,407
TOTAL EXPENDITURE
5,248.323
92.272
4,454.900
5.248.323
92.272
4.454.900
5,007.948
Net Movement in tunds for the year
Fund balances at 1st September
136,380
4.318,520
FUND BALANCES AS AT 31ST AUGUST
4.547,172
4.547.172
4,454.900
21

PRESTFELDE SCHOOL LIMITED
CHARITY STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and
Expenditure Account)
YEAR ENDED 31ST AUGUST 2024
Total
Notes
Unreslrieted
Funds
Restricted
Funds
Total
2024
2023
InGome and endowrnent5 frorn:
Charitable Activities
School fees receivable
4,936.101
278.877
4.936,101
278.877
4,743,388
275,276
Ancillary trading income
Other trading activities
Non-ancillary trading inGome
Investments
98,929
98,929
103,229
Bank and other interest
2.519
2,519
Other- Grants and donations
Grants and donations
39,167
Othèr Ineomlng rosources
TOTAL INCOMING RESOURCES
20
5,316,426
5.316.426
5.161,060
Expenditure on:
Raising funds
Other income generaiing activits.es
Net financing (incomollcosts
17,260
17,260
120,0961
17.260
17,260
(20,0961
Charitable Activities
EduL<its'un cind grant making
5.230.908
5,230.908
5,U30,365
TOTAL EXPENDITURE
5.248.168
68.258
4,454,900
5,248,168
68,258
4,454.900
4,523.158
5.010,269
150.791
Net Movement in funds for the yoar
Fund balances al 1 sl September
FUND BALANCES AS AT 31ST AUGUST
4,304,109
4,454,900
4,ts23.15
All amounts relate to continuirig aclivilies. All recognised gains and losses in the current and prior year are included in the statement
of financial activities. The notès on pages 24 to 48 fomi part of these financial statements.

PRESTFELDE SCHOOL LIMITED
CONSOLIDATED AND CHARITY BALANCE SHEETS
AS A T31ST AUGUST2024
Notc
Group
Charity
2024
2024
2023
2023
FIXED ASSETS
Tangible assets
Invastmants
12
5,175.268
4.852.565
5,175.288
100
4,852,565
100
5.175.288
4.852.565
5.175.388
4.852,665
CURRENT ASSETS
Debtors
14
403,029
221,141
624.170
286,023
329,227
615,250
396,7S3
211,716
608,469
28Q.616
Cash al bank and in hand
325,634
615,250
CURRENT LIABILITIES
Creditors payable within one year
15
1.107.091
837.396
1.115.403
837,496
NET CURRENT
ASSETSI{LIABILITIES)
{482.9211
(222,146)
(506.934)
{222,1461
TOTAL ASSETS LESS CURRENT
LIABILITIES
4.692.367
4,630,419
4.668.454
4,630,519
LONG TERM LIABILITIES
Creditors payable after one year
16
119.990
132.435
119,990
132.435
TOTAL NET ASSETS EXCLUDING
PENSION LIABILtr
4,572,377
4,497.984
4,548,464
4.498.084
Nel pension liability
25.105
42.984
25.105
42,984
NET ASSETS
4.547,272
4.455.000
4,523,359
4,455,100
REPRESENTED BY:
CALLED UP SHARE CAPITAL
18
100
100
100
100
RESTRICTED FUNDS
19120
UNRF.STRICTED FUNDS
4.$47,172
4.454.900
4.523,259
4.455.000
4.547.272
4.455,000
4.523.359
4.455,100
The financial statements were approved a
signed on its behalf by
orised for issue by the Board on 241h June 2025 and
R P Sartain
CHAIRMAN
Company registration number 0502
The notes on pages 25 to 49 form part of these financial statements.
23

PRESTFELDE SCHOOL LIMITED
CONSOLIDATED CASH FLOW STATEMENT
AS A T31ST AUGUST2024
Note
2024
£'ooo
2023
£'ooo
Cash flows from operating activities:
Not eash providod by oporating activitigs
23
362.438
491.817
Cash flows from investing activitiès:
Dividends. interest and rents from investments
Purchase of property. plant and equipment
Net cash (used in) investing activities
2,519
{455,678)
{453.159}
1492.132)
1492,132}
Cash flows from financing activitie5-
Financing costs
Net cash (used in) financing activltles
117.365}
117,365)
{23,459}
{23,4591
Change in cash and cash equivalent5 In the year
Cash and cash equivalents at the beginning of the year
(108.086)
329,227
(23.7741
353.001
Cash and cash equivalents at Ihe end of the year
24
221,141
329,227
24

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
1. ACCOUNTING POLICIES
The principal accounting policies. all of which have been applied consistently throughout the year
and in the preceding year are..
al Basis of Accounting
The AC.r.oiint* nf thp. grrTriJp h2vp bp.p.n prpp2rp.d ilndpr thp Cnmpanioq Ae.t 2006 and in
accordance wilh the Statement of Recommended Practice for Charities {'SORP {FRS1021'1
and with applicable UK Accounting Standards. They are drawn up on the historical cost
accounting basis except thal property and share investments held as fixed assets are carried
at fair value.
Presttelde School meets the definition of a public benefit entity under Financial Reporting
Standard (FRS} 102. Assets and liabilities are initially recognised at historical cost or
transaction value unless othe￿ISe stated in the relevant accounting policy notes.
The preparation of financial statements in conformity wilh FRS 102 requires management to
make judgements, estimates and assumptions that affect the application of policies and
reported amounls of assets and liabilities. income and expenses. The estimates and
associated assumptions are based on historical experience and various olher factois that are
believed to be reasonable under the circumslances, the results of which form the basis of
making the judgements about carying values of assets and liabilities that are not readily
apparent from other sources. Actual results may differ from these estimates. Further details
are provided in note 31, and in the accounting policies for depreciation of fixed assets, for
pensions and for bad debts. The financial statements are presented in sterling (£1 and the
functional currency is sterling {£).
b} Going Concern
The accounts have been prepared on a going concern basis. The Prestfelde School Board
reviews the financial information for the company and the group and considers whether the
group and company are a going concern for a period of at least 12 months from the date of
approval of the accounts.
Having considered all factors and reviewing Ihe available evidence, the directors have a
reasonable expectation that tho company 2nd group will be able to continue operating for the
foreseeable future and the financial statements have been prepared on a going concern basis.
Income from fees is stable and we have a flexible staffing structure in place to meet demand.
We are expecting numbers to increase over the next 12 months. The school has net current
liabilities of £483k however this is largely due to fees paid in advance of the term and some
increases in salaries impacting on increased social security cosls.
The removal of tax concessions for charltable Indepenoent schools, the addlng of VAT and
removing business rates relief present a significant risk to the independent sector as adding
VAT lo school fees from 1st January 2025 may make the fees unaffordable for a proportion of
parents, potentially affecting school income. These challenges are in addition to rising
operational and salary costs. We continue to work through Woodard to strengthen purchasing
power and monitor closely project costs to achieve best value for money.
Tlie school does have a debeiiture iii place should the need arise. to access an overdiaft facility
should one be needed in the event of financial pressures. To date. however. the overdraft has
not been used. In addition. the parent charity. Woodard Corporation have provided a letter of
support that they will provide financial support should the school have need of it. Having
considered all factors and reviewing the available evidence, the directors have a reasonable
expectation that the company and gioup had adequate resources lo continue to operate for the
foreseeable future and the financial slalements have been prepared on a going concem basis.
c) Group Accounts
Thefinancial statements consolidate the financial statements ofthe company. and its subsidiary
company, charitable trusts and funds with all inter-company balances being eliminated. Enlities
are consolidated where Prestfelde School exercises overall control either through ownership of
shares, or through having common trustees with a common objeclive. Accounting policies are
Gonsistcntly appli¢d bctwcen group companies.
25

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
d) School Fees Receivablè and Similar Income
Fees receivable and other educational income are accounted for in the period in which the
service is provided. Fees receivable are stated afier deducting allowances, scholarships and
other remissions by the school. but include contributions received from restricted funds for
scholarships, bursaries and other grants. Debts are provided for if not recovered wilhin one
term. ￿StIMatIng amounls to provide against recovery of ¢Jebts is a matter of judgement.
e} Ancillary and Non-An¢illary Tradlng Income
Ancillary trading income represents amounts from activities to generate funds within the
charitable objects, for example school shop sales, coaches to and from sch(M)l and school trips.
Non-ancillary trading income represents amounts from aclivilies not directly related to the
charitable objects, for example lettings of school facilities out of term time and rental from spare
school buildings. Income from Ihese activities is recognised in the Statement of Financial
Activities when the goods are sold or services provided.
fj Voluntary sources. Grants and Donations
Voluntary incoming resources are accounted for as and when entitlement arises, the amount
can reliably be quantified, and the economic benefit is considered probable.
Voluntary incotne for general purp05e5 15 aLLuunled foi db uiireblriLletJ ririd ib bi¥diled lu Ill
General Reserve. Where the donor or an appeal has imposed trust law restrictions. voluntary
income is credited to the relevant restricted fund and incoming endowments are accounted for
as permanent trust capital or expendable trust capital. according to whether the donor intends
retention to be permanent or not. Gifts in kind are valued al estimated open market value at
the date of gift, in the case of assets for retention or consumption, or at the value to the school
in case of donated Se￿IceS or facilities.
g} Expendtture
Expenditure is accrued as soon as there is a contractual obligation or a liability is considered
probable. discounted to present value for longer term liabilities. Expenditure is allocated to
expense headings either on a direct cost basis or apportioned according to time spent. The
irrecoverable element ofVAT is included with the item of expense to which it relates. Bad debts
are provide.d for in 8rr.nrd2ne.p with the group bad debt policy_ The cost of refurbishing and
converting existing buildings is written-off in the year in which it is incurred except where the
useful life has been extended.
h) Finance and Other Costs
Other costs include amounts accrued in accordance with the terms of Fees in Advance Scheme
Contracts.
i) Pension Costs
From September 2021 the school moved away from the Teachers. Pension Scherne following
consultation with staff. The school this year participaled in the Royal London scheme, which is
defined contribution scheme. and The Pensions Trusl schemè, both ofwhich provide benefits
based on career average pensionable pay. The funds of the schemes are separale frorn the
company and so the pension costs are accounted for as defined contribution schemes.
The company offers membership of the Pensions Trust Growth Plan to employees other than
the full-time academic staff. The Pensions Trust Growth Plan is a multi-employer pension
scheme where the scheme assets are pooled for investment purposes and cannot be attributed
to individual employers. Benefits are paid from the total scheme assets. It is in most respects
a money purchase arrangement but has some guarantees. As a result. it is not possible or
appropriate to identify the assels and liabilities of Ihe scheme which are attributable to the
company, though, due to the guarantees inherent in the scheme, the companies remain
potentially liable for a debt on withdrawal from the scheme. In accordance with Financial
Reporting Standard IFRS) 102 (section 28) therefore, the scheme is accounted for in a fashion
which is similar to a defined conlribution scheme.
The company must recognise a liability measured as the present value of the contributions
payable that arise from the deficit recovery agreement and the resulting expense in the income
and èxpenditure account i.e. the unwinding of the discount rate as a finance cost in tho period
26

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
in which it arises. More detail is 9iven in notes 22 2nd 28.
j) Tangible Fixed Assets and Depreciation
In accordance with Section 35.10 {d) of FRS102, Preslfelde School has elected to use the
carrying value of any of the above freehold land (Ind buildirigs pievivusly bdrried til d Vdluatioii,
as their deemed cost at the date of transition to FRS102, 1 September 2014.
Tangible fixed assets are stated at cost less depreciation. Individual capital items, or projects,
with a value greater than £10,000 are capitalised. Assets in the course of construction are
slated at cost less any provision for impaimient. They are transferred to completed assets
when substantially all of the activities necessary to get the asset ready for use are complete.
Where appropriate Gost includes our own labour costs in relation to construction, and directly
attributable overheads.
Where tangible fixed assets have been acquired with the aid of specific grants they are included
in the balance sheet at cost and depreclated over thelr expecled useful econoTniG life. The
related grants are credited to a restricted fixed asset fund (in the statement of financial activities
and carried forward in the balance sheel). The depreciation on such assets is charged in the
statcmcnt of financial activities over the expected useful economic lrfo of the related asset on
a basis consistent with the depreciation policy.
Depreciation is provided at rates calculated to write off the cosl, less estimated residual value
of eaGh asset based on current market prices. over its expeGted useful life, a5 follow5.'
Freehold land is not depreciated.
Fraahold Buildings
Buildings <50 yearg- 20/. - 6.66010 on cost
Buildings >50 years- 0.0074 % on cost
- Swimming pool- 2¥0 on cost
- Car Parkjcage - 10 % on cost
Freehold improvements
Leasehold land
Over the useful economic life of the improvement
Over the shorter of the economic life of the asset or the
life of tlie lease
- 250/0 on cost
10% oncost
25 /0 on cost
- 25'k on cost
Computer equipment
Telephone system
Fixtures and fittings
Motor vehicles
The company has reviewed its tangible assets, which comprise land, buildings and initial
fixlures and fittings. The company undertakes an annual review of all buildings assessing their
useful economic life. In some cases. the useful economic lrfe of a building is anticipated to be
of considerable length. often in excess of 100 years. The buildings are capitalised in the
financial statements at historic cost. Where the calculated depreciation charge is a material
figure, it is charged in these financial statements but, where the carrying value is not more than
the estimated recoverable amounl and the depreciation on the building is not material lo these
financial slatements, it has been assessed. but not charged on the basis that it is not material.
The directors will continue to carry out annii818qqeq%mpntq nf thp. rp.cnvp.r2blp. amount and the
estimated useful life of all buildings and where the depreciation is a material value, it will be
harged. The review is based on the directors. assessments of the market value and the future
economic benefit derived from an asset versus its carrying value in the financial statements.
When the company undertakes a significant refurbishment project that will have an economic
benefit, the cost of the refurbishment is capitalised, recor(Jed separately uncler 'Preehold
Improvements,. its useful life is estimated. and it is depreciated over that useful life.
Presffelde School exercises judgement in selection of appropriate rates for depreciation offixed
assets. and for matters of impairment.
27

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
k) Financial Instruments
Presffelde School only has financial assels and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are inits'ally recognised at transaction value
and subsequently measured al their settlement value.
l) Investments
Investments are carried at cost.
ml Leasing Commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of
ownership remain with the lessor are charged to the Stalement of Financial Activities on a
straight line basis over the lease term. Lease incentives are accounted for over the lease term
on a slraight-line basis.
n) Fee Deposits
efundable fee deposits are currently classitied be￿een long term and short term in the
financial statements. These deposits are refundable in the event that the pupils leave a school
on one term's notice and as such Ihe deposit would be refunded to the parents at that point.
However, the financial statements are prepared on a going concern basis and it is assumed
that the majority of children will remain in school for their full years of education and therefore
the deposit will be refunded to them when they leave school.
Short term deposits reflect those pupils that will be leavlng a school wllhln one year, and the
longer-term element reflects those pupils that will be leaving a school after 12 months frorn Ihe
balance sheet date.
ol Fund Accounts
Restncted funds are subject to specific conditions by donors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Designated funds comprise funds which have been set aside at the discretion of the directors
for specific purposes. The purposes and uses of the designated funds are set out in the notes
to the financial statements.
p} Taxation
Prestfelde School is a registered charity and as such are exempt from income tax and
corporation tax under the provisions of Section 478 of the Corporation Tax Act 2010. There is
no similar exemption for VAT. which is included in expenditure or in the cost of assets as
appropriate.
The school has a subsidiary company that is subjeclto taxes including corporation tax and VAT
in the sanie way as any comniercial or9anisatioii. Tlie lax clicJrye(i lu Ilie prvfil diid Ivbb dLLvuril
is based on the subsidiary company's profit for the year and takes into account tax arising
because of timing differences be￿een the treatment of certain items for tax and aGGounting
purposes.
The subsidiary company distributes the majority of its profits to Prestfelde School under Gift
Aid and tax liabilities are kept to a minimum.
ql Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held
at call with banks. and other short-term liquid investments with original maturities of 95 days or
less.
28

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
CHARITABLE ACTIVITIES . SCHOOL FEES RECEIVABLE
2024
2023
The school fees income Comprises
Gross fees
Less: Total scholarships, bursaries and other discounts
5,355,851
(419,750}
5,148,417
(405,0291
4,936,101
4,743,388
Scholarshipg. bursaries and other awards were paid to 150 pupils {2023: 138 PLtpils)- Within
this, means-tested bursaries totalling £164.549 were paid to 30 pupils {2023'. £174,939 to 33
pupils)
CHARITABLE AGTIVITies- ANCILLARY TRADING INCOME
2024
2023
Extras
Entrance fees and registration fees
Pupil transport
Commissions and related income
Sundry other income
209,673
5,600
18,622
1,127
43,855
229,967
7,500
15,675
5.839
16,295
278,877
275,276
OTHER TRADING ACTIVITIES
2024
2023
Group
School
Group
School
Non-ancillary trading TnGom¢
Prestfelde Enlerprise company trading
turnover
Management charge
Lettings income
Rents receivable
Interest receivable pupil bills
Other non-ancillary trading income
107,212
100,174
83,043
77,739
6,822
8,400
6,822
8,400
8,928
8,928
6,958
6,958
10,268
10.268
123,098
98,929
125,664
103,229

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
INVESTMENTS - BANK AND OTHER INTEREST RECEIVABLE - GROUP AND CHARITY
Unrestricted
Reslricted
Total
Total
2024
2023
Bank interesl
2,519
2,519
2,519
2,519
OTHER- GRANTS & DONATIONS
Unrestricled
Restricted
Total
2024
Total
2023
Gift aid donation from trading
subsidiary
Other
39,167
39,167
7. ANALYSIS OF EXPENDITURE
a) Total expenditure
Charity
Staff costs
{note 9)
Support
Costs
0èpreua￿on
Total
2024
Total
2023
(Note 12)
Costs of raising
funds
Non ancillary trading
Financing cost {note 81
Total cost of
generating funds
17.260
17,260
{20,0961
{20,0961
17.260
17.260
Charitable
expenditure
Education Teaching
Welfare
Prernises
School administration
Grants awards and
prizes (note 7b>
Movement in Pension
Deficit Reduction
Governance
Education and grant
making
2,595.001
51,593
388.713
421,207
333,617
424,237
562,383
263.067
26,662
43,809
62,484
2,955,280
519,639
1.013,580
684,274
3,481
2,972,454
494,724
884.232
641,873
2.922
3,481
{17.879)
72,533
{17,879)
72,533
118,976)
53,136
3,456,514
1,641,439
132.955
5,230,908
5,030,365
Total Expendlture
3,456,514
1.658,699
132.955
5,248.168
5.010,269
30

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
7. ANALYSIS OF EXPENDITURE- Continued
a) Tolal expenditure
Group
Support
Costs
Staff
costs
(note 9)
Depreciation
{Note 121
Total
Total
2024
2023
Costs of raising funds
Non anGillary trading
Financing cost (note 8)
Total Cost of generating
funds
17,365
17,365
(23,459}
(23,459)
17.365
17,365
Charitable expenditure
Education Teaching
Welfare
Premises
2.595,001
51,593
388.713
421,207
333.617
424.237
562,383
263,117
26,662
43.809
62,484
2,955,280
519.639
1,013,580
684,324
2.972,536
494,724
884,232
642,833
School administration
Grants awards and prizes
(note 7b)
Movement in Pension
Deficit Reduction
Governance
Education and grant
making
Total Expenditure
3,481
3,481
2,922
{17,879)
72,533
(17,879)
72,533
{18,976)
53,136
3,456,514
1,641.489
132,955
5,230,958
5,031,407
3,456,514
1,658,854
132.955
5.248.323
5,007,948
b} Grants, awards and prizes (group and charlty)
Prestfelde School makes awards to individual families to support schooling.
2024
2023
From Unrestricted Funds:
Other grants and awards
Prizes and leaving awards
3,481
2,922
3,481
2,922
31

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
c) Total resources ÈxpÈndÈd include (Group and charily):
Prestfelde School reimbL5rses governors for out-of-pockel expenses including travel subsistence
and accommodation, where a claim is ma(Je. Nil trustees (2023 - NIL) were reirnbuised durirbg the
year.
2024
2023
Remuneration paid to auditor for audit services
Remuneration paid to auditor for
prior year
Depreciation of tangible fixed assets=
owned by the Charitable Company
Operating lease rentals:
other assets
22,000
27,050
90
132,955
102,889
45,149
200,194
43,960
173,899
FINANCING COSTS
2024
2023
Group
Charlty
Bank charges
Other finanGe ¢osts
Provision for bad and doubtful debts
Corporation Tax Provision
3,793
2,019
11,553
3,688
2,019
11,553
3.545
3,032
(26,536)
(3,500}
17,365
17,260
(23,4591
32

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST2024
STAFF COSTS- GROUP AND CHARITY
2024
2023
The aggregate payroll costs for the year were=
Wages and salaries
Social security costs
Other pension costs
Private medical insurance
2,840,891
259.941
353,323
2,359
2,794,868
262,828
360,074
869
3,456,514
3,418,639
There are no ex-gratia payments included in staff costs (2023.. £0). The amount outstanding at the
year-end was £0 (2023: £0).
None of the governors received remuneration or other benefits from Prestfelde School or from any
connected body.
The Head and Bursar are classed by the school as being the Key Management Personnel.
2024
2023
Aggregate employee benefits of key management personnel
221,038
214,426
The number of higher paid employees whose annual
emoluments were £60,000 or more was..
2024
No
2023
£60,001 to £70,000
f120.001 - f130.000
The number wlth retlrement beneflts accrulng:
in Defined Benefit schemes was
Of which the contributions amounted to
31,170
20,605
For 2024 thora are NIL {2023= NIL) omployèas eaming ovèr £60,000 per year that have chosen
not to participate in a pension scheme.

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
9. STAFF COSTS (Continued)
The average number of employees during the year calculated on a head count basis, was 105
12023: 110)
2024
2023
Teaching
Other activities
67
38
71
39
105
110
10. DIRECTORS
None of the directors (01 any person5 connecled wilh Ihem) received any reTnuneidliui) duriiig 11)e
year. No scholarships were awarded to children of directors attending the school (2023.. £0).
During the yaar, nona of tha group's directors receivod roimbursoment of travel and training
expenses (2023.. £0).
11. TAXATION
The company is a regislered charity and therefore no liability to taxation arises on its charitable
activities.

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
12. TANGIBLE FIXED ASSETS
Freehold
Land &
Buildings
Group and company
Work in
Progress
Plant &
Equipment
Compuier
Equipment
Total
Cost
At 1st September 2023
Additions
Disposals
Transfers
5,030.651
342.547
20,024
14.046
(656)
580,050
91,479
(181.774)
180,208
8,262
5,810,933
456,334
(182,430}
At 31st August 2024
5,373,198
33,414
489,755
188,470
6,084,837
Depreciation
At 1st September 2023
Charge for the year
Disposals
At 31st August 2024
436,087
61,882
410,985
44,410
181,774
273,621
111,296
26,663
958,368
132,955
181,774
909,549
497,969
137,959
Net book value at 31 August
2024
4,875,229
33,414
216,134
50,511
5,175,288
Nel book value at 31st August
2023
4,594,564
20.024
169,065
68,912
4,852,565
All assets are used for Gharitable purposes.
There is £786,00012023.. £786,000) of land includod in froehold land and buildings.
Finance leases and htre purchase contracts
There are no assets under finance leases or hire purchase contracts in the year or preceding year.
13. INVESTMENTS
2024
2023
Investment in subsidiary
Company investments at
31 August
100
100
100
100
Prestfelde School owns all of Ihe share capital of Prestfelde School Enterprises Limited, a company
incorporated in Englandmales. Further details are provided in note 26.

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST2024
14. DEBTORS
Group
2024
Company
2024
2023
2023
School fees receivable
Trade debtors
Other debtors
Prepayments and accrued income
Amoun1¥ due from Subsidiary company
Amounts due from parent company
201,996
8.782
5.301
186.854
115,951
7.713
201,996
2.416
5,311
186,854
115,951
4,458
10
162.269
162.269
6,758
96
90
176
170
403,029
286,023
396,753
289,616
School fees receivable are net of £27,339 (2023-. £18,595) provided for doubtrul debts.
15. CREDITORS: amounts falling due within one year
Group
2024
Company
2024
2023
2023
Bank loans and overorafts
Other loans
Deposits from parents
Fees received from parents in advance of temi
Trade creditors
Taxation and social 5ecurlty
Other creditors
Owed to subsidiary company
Accruals and defe￿ed income
23,450
20,410
23,450
20,410
730,620
474,592
730,620
474,592
95,228
70,649
8.878
141,182
121,852
9.886
95,228
70,649
8.878
8,312
178.266
141,182
121,852
9.886
178.266
69.474
69,474
1,107,091
837,396
1,115,403
837,396
16. CREDITORS: amounts falling due after one year
Group
2024
Company
2024
2023
2023
Deposits from parents
Fees in advance
119,990
132.435
119,990
132,435
119,990
132,435
119,990
132,435

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
Parents pay to the school a deposit of £500 in advance. Thp. m()np.y may be returned subject to
specific conditions on the receipt of one tenn's notice. Assuming pupils all remain in the school
(which the vast majority do based on historical information), refundable deposits are credited on bills
when children leave the school.
There are debentures in place dated 51h Junp 2020 And ?5th May 2022 with Barclays. including fixed
and floating charges over assets as security for all debts and liabilities outstanding. Al year end Ihere
were no such liabilities due to Barclays.
17. COMMITMENTS UNDER OPERATING LEASES
Other
2024
2023
Within 1 year
Within 1 to 5 years
Over 5 years
77.552
46.001
5,233
47,681
68,480
5,148
128,786
121.309
18. SHARE CAPITAL
2024
2023
Authorised
100 Ordinary Shares of £1 each
100
100
Allotted, called up and fully paid
100 Ordiiiaiy Slidies uf £1 each
100
100
37

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
19. FUNDS
Prestfelde School's funds can be classed under unrestricied funds.
a} UNRESTRICTED FUNDS
Unrestricted funds represent accumulated income from the school's aclivilieb dnd uther sources
that are available for the general purposes of the school.
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Charlty
Unrestricted
Restricted
Share
Capital
2024
2023
Tangible fixed asset5
5,175.388
5,175,388
4.852,665
Nel Cufrenl assetsllliabilities)
(507.034)
100
{506,934)
1222.1461
Long term liabilities
1119.990)
{119.990)
{132.4351
Provision for Liabilities and
Charges
{25,1051
125,105}
142.9841
4,523.259
100
4,523,359
4,455,100
Group
Unrestricted
Restricted
Share
Capital
2024
2023
Tanglble fixed assets
5.175.288
S,175,288
4,852,565
Net current asset￿(liabilltiesI
Long term liabilities
Provision for Liabilitlgs and
Charges
{482.9211
(119.990)
{482,921)
1222,1461
{119.990)
1132,4351
(25,105)
125,105)
142,9841
4,547,272
4,547.272
4,455.000

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS- Continued
Prior Year Comparative
Charity
Unreslricte(I
Re3tricled
Share
Capital
2023
2022
Tangible fixed assets
4.852.565
4,852,565
4,463,324
Invèstments
100
100
100
Nel current
asselsllliabililies)
Long term liabilities
Provision for Li2bilitie$ and
Charges
(222.2461
1222,2461
50,414
1132.4351
{132,4351
1147,568)
(42,984)
{42,9841
161,960)
4,454.900
100
4,455,000
4,304.310
Group
Unrestricted
Reslricted
Share
Capital
2023
2022
Tangible fixed assets
Nel current
asselsllliabililies}
Long term liabilities
Provision for Liabilities and
C.hArJp.*
4,852.565
4.852.565
4.463,324
1222,2461
1132,4351
(222.246)
64.844
1132,435)
{147,5681
{61,9801
(42.9841
(42.984)
4.454,900
4.454,900
4,318,620

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST2024
20. SUMMARY OF MOVEMENTS ON MAJOR FUNDS
Charity
Incoming
Al 1 Sept
2023
Resources
At31
August
2024
resources
expended
Unrestricted Funds
General Reserve
4,454,900
5.316.427
{5,248.168)
4,523,159
Total Fiinds
4.454.900
5.316,427
{S.248.1681
4,S23,1S9
Group
Incoming
At 1 Sept
2023
Resources
At31
August
2024
resources
expended
Unrestricted Funds
General ReseNè
4,454,900
5.340.595
{5.248.3231
4,647,172
Total Funds
4,454,900
5,340.595
{5.248,243)
4.547,172
21. CAPITAL COMMITMENTS
At 31 August 2024, the group had capital commitments as follows:
2024
2023
Expenditure contracted for bul not provided in the accounlb
100,000
16.630
40

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
22. PENSION SCHEMES
Royal London
Following a period of consultation, Ihe school exited Teachers. Pension Scheme. From 1 $1
September 2021 the school has offered a Defined Contribution Scheme through Royal London
for all leaching staff. Thp c.08t fnr thp. ypar rppresents the School's contributions lo the scheme of
£285,412 (2023.. £294,690).
Pensions Trust Growth Plan
The school participates in the TPT Relirement Solutions The Growth Plan, which is a multi-
employer scheme providing benefits to over 638 non-associaled participating employers and the
TPT Retirement Solutions
Independent Schools. Pension Scheme for 61 non-assnr.i2t?d
independent schools. The schemes are defined benefit schemes in the UK. It is not possible for
the school to obtain sufficient information to enable it to account for the schemes as a defined
benefit scheme. Therefore, it accounts for it as a defined contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into
force on 30 December 2005. This, together with documents issued by the Pensions Regulator and
Technical Actuarial Standards issued by the Financial Reporling Council, sel out the framework for
funding defined benefit occupational pension schemes in the UK.
The scheme is classified as a 'last man standing arrangement,. Therefore, the company is
potentially liable for other parlicipating employers, obligations if those employpr% are iinable to meet
their share of the scheme deficil following withdrawal from the scheme. Participating employers are
legally required to meet their share of the scheme deficit on an annuity purchase basis on
withdrawal from the scheme.
Summary of provision for pension deficit recovery plan
Company
2024
£'ooo
2023
£'ooo
TPT Retirement Solutions - The Growth
Plan
25
TPT Retirement Solutions - The Growth Plan Deficit Contributions
A full actuarial valuation for the scheme was carried out at 30 Seplember 2020. This valuation
showed assets of £800.3m, liabilities of £831.9m and a deficit of £31 .6m. To eliminate this funding
shortfall, the Trustee has asked the paricipating employers to pay additional contributions to the
scheme as follows..
From 1 April 2022 to 31 January 2025-
£3,312.000 per annum (payable monthly)
Unless a concession has been agreed with the Trustee the term to 315t January 2025 applies.
Note that the scheme's prcvious valuation was carried out wilh an effective date of 30 September
2017. This valuation showed assets of £794.9m. liabililies of £926.4m and a deficit of£131.5m. To
eliminate this funding shortfall, the Trustee asked the participating employers to pay additional
contributions to the scheme as follows.
From 1 April 2019 to 30 September 2025:
£11,243,000 per annum {payable monthly
and increasing by 30/0 each on 1 sl April)
The recovery plan contributions are allocated to each participating employer in line with their
estimated share of the Series 1 and Series 2 scheme liabilities.
Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement
the company recognises a liability for this obligation. The amount recognised is the net present
value of the deficit reduction contributions payable under the agreement that relates to the deficit.
The present value is Galculaled using 11)è disLuuIII rdle delailed in these disclosures. The unwinding
of the discounl rate is recognised as a finance cost.
41

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
22. PENSION SCHEMES (Continued)
PrÉsÈnt Values of Provision
2024
2023
Present value of provision
7.620
24.822
Rèconciliation of opening and closing provisions
2024
2023
Provision at 1 September
Unwinding of the discount factor
Deficit contribution paid
Remeasurements- impact of any change in assumptions
Remeasuretnents - amendments to the contribution schedule
24,822
915
(18,128)
11
41.250
1,420
{17,6001
1248)
Provision at 31 August
7,620
24,822
In¢ome and expenditure impact
2024
2023
Interest expense
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Contrsbutions paid in respecl of fulure berviGe
Costs recognised in income and expenditure account
'includes defined contribution schemes and future service contributions {i.e. excluding any deficit
reduction payments) to defined benefit schemes which are treated as defined contribution
schemes. To be compleled by the company
915
11
1,420
{248)
2024
2023
Assumptions
°kn per
annum
annum
Rate of discount
5.13
6.04
The discount rates shown above are the equivalent single discount rates which, when used to
discount the future recovery plan contributions due, would give the same results as using a full
corporate bond yield curve to discount the same recovery plan contributions.
Deficil Contributions Schedule
The following schedule shows the deficit contributions agreed between Ihe company and the
scheme at each year end period:
2024
2023
Year 1
Year 2
7,684
18,128
7,684
42

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
22. PENSION SCHEMES (Continued)
TPT Retirement Solutions- Independent Schools, Pension SchÈme
The company participates in the scheme, a multi-employer scheme which provides benefits to some
61 non-associated employers. The scheme is a defined benefit scheme in the UK. It is not possible
for the company lo obtain sufficient information lo cnablc it lo account for the sGheme as a defined
benefit scheme. Therefore, it accounts for the scheme as a defined contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into
force on 30 December 2005. This. together with documents issued by the Pensions Regulator and
Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for
funding defined benefit occupalional pension schemes in the UK.
The scheme is classrfied as a 'last man standing arrangement,. Therefore, the company is
potentially liable for other participating employers. obligations if those employp.rs arp. iJn2t)Ip. tn mp.el
their share ofthe scheme deficit following withdrawal from the scheme. Participating employers are
leg311y requircd to meet their share of the scheme deficit on an annuity purchase basis on
withdrawal from the scheme.
A full actuarial valuation for the scheme was carried out with an effective date of 30 September
2020. This acluarlal valuallon was certified on 22 December 2021 and showed assets ot L201.1 m,
liabilities of £256.3m and a deficit of £55.2m. To eliminate this funding shortfall. the trustees and
the participating employers have agreed that additional contributions will be paid, in combination
from all employers, to the scheme as follows..
Deficit Contributions
From 1 September 2022 to 30 June 2032
£2.G87,000 per annuim (payable iiioiillily dr)d
increasing by 3 % on each 1 $1 Seplember)
Note that the scheme's previous valuation was carried out with an effective datp. r)f 8n .8p.ptpmber
2017. This valualion showed assets of £149.4m, liabilities of £187.6m and a deficit of £38.2m. To
climinate this funding shortfall. the Trustee has asked the participating employers to pay additional
contributions to the scheme as follows:
From 1 September 2019 to 30 April 2030
£2.387,357 per annum (payable monthly and
increasing by 30/0 on each 1$1 September)
The recovery plan contributions are allocated to each participating employer in line with their
estimated share of the scheme liabilities.
Wlierg Ilie bLlieffle is in deficit and where the company has agreed to a deficit funding arrangemeni
the company recognises a liability for this obligalion. The amount recognised is the net present
value of the deficit reduction contributions payable under the agreement that relales to the deficit.
The present value is calculated using the discount rate detailed in these disclosures. The unwindirig
of the discount rate is recognised as a finance cost.
Present Values of Provision
31 August 2024 (£s)
31_%t August 2023
(£s)
18,162
31 August 2022 {£sJ
Present value of provision
17,485
20.710

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
22. PENSION SCHEMES - Continued
Reconciliation of opening and closing provisions
Period Ending
31st August 2024
{£s)
Period Ending
31st August 2023
l£s)
Provision at start of period
Unwinding of the discount factor {inserl expense)
Deficit contribution paid
Remeasurements- impact of any changes in
assumptions
18,162
979
(2.337)
681
20,710
840
(2,268)
{1,120}
Provision at end of period
17,485
18,162
Income and Expenditure ImpaGt
Period Ending
31¥1 August 2024
{£s)
Period Ending
31S1 August 2023
{£3}
Interest expense
Remeasurements- impact of any change in
assumptions
979
681
840
(1,120)
Assumptions
31 August 2024
°/0 per annum
4.68
31 August 2023
/0 per annum
5.79
Rate of discount
Deficit Contributions Schedule
Thc following ochedule shows the deficit contributions agreed between the GQTnpany and the sbligiTie
at each year end period..
2024
2023
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year T
Year 8
Year 9
2,407
2,479
2,553
2,630
2,709
2.790
2,874
2,467
2,337
2,407
2,479
2.553
2,630
2.709
2,790
2,874
2,467

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
22. PENSION SCHEMES- continued
The company must recognise a liability measured as the presenl value of the contributions payable
that arise from the deficit recovery agreement and the resulting expense in the income and
expenditure account i.e. the unwinding of the discount rate as a finance cost in the period in which it
aiises.
It is these contributions that have been used to derive the companvs balanGe slieet liabilily.
The current valuation does not reflect the expecled increase in benefits and therefore liability as a
result of Guaranteed Minimum Pension {'GMP') equalisalion between men and women which is
required as a result of Ihe removal of the Additional State Pension. Melhodologies for a long-term
solution are still being inveslioated by the Government as set out in the published (January 2018)
outcome of the Government Consultalion 'lndexation and Equalisation of GMP in Public Sector
Pensions Schemas. and therefore the expected impact cannot bc rcliably cstimated and consequently
no provisionlliability has been recognised.
23. RECONCILIATION OF NET (INCOME}IEXPENDITURE TO NET CASH INFLOW FROM
OPERATING ACTIVITIES
2024
2023
Net income for the year (as per the statement of financlal
activities)
92,272
136.380
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Financing costs
{Increase)IDecrease in deblors
IncreasellDecrease) in creditors
132,955
(2,519)
17,365
(117,006)
239,371
102,889
23,459
54,883
174,125
Net cash operaling activities
362,438
491.817
24. ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash at bank and in hand
221.141
329,227
Total cash and cash equivalents
221,141
329,227
45

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
25. ANALYSIS OF CHANGES IN NET DEBT
At 1$1
Sept 2023
Other non-
cash
changes
At31st
August
2024
Cash flows
Cash and cash equivalents
Cash
Overdraft facility repayable on demarKI
Total
329.227
(108.0861
221,141
329.227
1108.086)
221.141
26. SUBSIDIARY
The Company owns all of the share capital of Pfesffelde School Enterprises Limited, a company
incorporated in England Company number- 05181895. This company commenced trading in
September 2021.
Prestfèlda School Enterprises Limited had a turnover of £107.212 (2023.. £100,174), gross profit of
£46,088 {2023: £43,790), and a profit before tax and gift aid of £24,014 in the year ended 31 Augusl
202412023- profit of £21.338). Al 31 Augusl 2024 the company had sharehol(ier's funds of £24,014
{2023. £20).
The company carries out lettings and rental activty on behalf of the school.
46

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
27. Consolidated 8tatemeiil of FinanGial Activities- Comparallve flgures by fund type (Group)
2022
Year Ended 31 August 2023
Unrestricted
Restricted
Total
Total
Income and endowments from
Charitable activities
School fees receivable
Ancillary trading income
other trading activitles
Non-ancillary trading income
Investments
Bank and oth9r interest
Voluntary sources
Grants and donations
Other incoming resources
Total Incorning Resources
Expenditure on:
Raising funds
Non ancillary trading
Financing costs
Total Deductible Costs
Charitable activities
Education and grant making
4,758,222
275.276
(14.834)
4,743,388
275,276
4,676,853
249,969
125,664
125,664
171,285
2,387
5.159.162
(14.834)
5.144,328
5.100,497
23.459)
(23,459)
(23,459}
(23,4591
46,933
46,933
5,013,277
18,130
5,031,407
4,740,193
Total Resources Expended
Net movement in funds for the year
Fund balances brought forward at 1st
September
Fund Balances at 31st August
4.989.818
169,344
4,285,556
18.130
(32,964)
32.964
5.007.948
136,380
4,318,520
4,787,126
313,371
4,005,149
4.454.900
4,454.900
4,318,520
47

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
28. CONTINGENT LIABILITIES
The Company has been notified by The Pensions Trust of the estimaled employer debt on withdrawal
from the Plan based on the financial position of the Plan as at 30 September 2020. As of this dale the
estimated employer debt for the Company was an estimated £178,380 (GP.. £85,470 and ISPS
£92,910), including Series 3 liabilities.
29. ULTIMATE CONTROLLING PARTY
The Woodard Corporation Limited is the ullimale controlling paty. a regislered charity number
1096270, which is incorporated in England and Wales. Copies of the financial slatements of the
Woodard Corporation can be obtained from High Street. Abbots Bromley. Rugeley, Slaffordshire,
WS15 3BW. The accounts of Prestfelde School Limited are included within the consolidated financial
stalgments of the Woodard Corporation Limited.
30. RELATED PARTIES
As stated in note 29, Prestfelde School Limited is a wholly owned subsidiary of Thc Woodard
Corporation. The following costs were invoiced to the school by Woodard Corporation during the year.
2024
2023
Central Service Levy to meet running costs
Olher=
Solution Sp.rvir.p..q
Walton Joinery
33,793
30,672
13.140
5,750
52,683
30,672
2024
2023
Salary Recharges
103,793
103,793
At 3181 August 2024 £176 {2023: £170> was due from Woodard Corporation. Tliis will Lje Piqid in
full to Prestfelde School Limiled during the new 2024125 financial year.
2024
2023
Fees in Advance Commission
176
170
176
170
The company also Gontrols a subsidiary trading company, Prestfelde School Enterprises Limited,
(registered number 05181895). The company slarted trading from September 2021 and as at 31sl
August 2024 £15,781 (2023.. £6.8381 was owed by the subsidiary Management charges for the year
were £83.043 (2023: £77.739} and gift aid £24.014 {2023.. £39.167).

PRESTFELDE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST2024
31. ACCOUNTING ESTIMATES AND JUDGEMENTS
In preparing the financial statements, the directors are required to make eslimates and judgements.
The matters iyetailed below are considered to be the most Importanl In understanding the judgements
that are involved in preparing the financial statemenls and the uncertainties thal could impact the
amounts reported in the results of operations, financial position and cashflows. Accounting policies
are shown at note 1 to the financial statements.
Pgnsion scheme deficit reduction payments
As explained at note 22, there is a deficit reduction plan in pla￿ in respect of Presffelde School's
membership of the Pension Trust's Growlh Plan. FRS 102 requires a liabilily to be recognised in
respect of the present value of future Contributions payable under the terms of the defiGit recovery
plan. The incorporation of this liability in the financial statements involves the exercise of judgement
in a number of areas, including the selection of an appropriate discount rate.
P8nsion scheme contingent liability
As explained at iiole 22, Iliere is a contingeiit liability iii Ilie event tlial Prestfelde School were to
withdraw its membership of the Pension Trust's Growth Plan. The independent qualified actuaries
advising the Pensions Trust in respect of the contingent withdrawal liability exercise significant
judgement in determining the amount of that liability- Judgement is exercised in a number of areas,
including future changes in salaries and inflation, mortality rates and the selection of appropriate
di5counl rates.
Provision for b8d debts
Debts are provided for if not recovered within one temi. Estimating amounts to provide against
recovery of debts is a matter ofjudgement.
Depreciation, impairment and residual values of fixed assets
Judgement is exercised in estimating the residual values of fixed assets, the selection of appropriate
rates for depreciation, and for matters of impairment.
49