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Charity Registration No. 1123869

Company Registration No. 06195985 (England and Wales)

KIRKHAM GRAMMAR SCHOOL

(COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED GOVERNORS REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

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KIRKHAM GRAMMAR SCHOOL CONTENTS

FOR THE YEAR ENDED 31 JULY 2024

	Page
Legal and Administration Details	1 – 2
Strategic Report	3 – 6
Report of the Governors	7 – 10
Independent Auditors’ Report	11 – 14
Statement of Accounting Policies	15 – 19
Consolidated Statement of Financial Activities	20 – 21
Consolidated Balance Sheet	22
Balance Sheet	23
Consolidated Cash Flow Statement	24
Notes to the Accounts	25 – 34

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KIRKHAM GRAMMAR SCHOOL LEGAL AND ADMINISTRATION DETAILS

FOR THE YEAR ENDED 31 JULY 2024

GOVERNORS

Governors are the Charity Directors of Kirkham Grammar School. They have all served in office throughout the year except where indicated, together with Governors who served in the year as indicated; they are:

Full Governors Chair: Mr P A Ribchester	Full Governors Chair: Mr P A Ribchester	Full Governors Chair: Mr P A Ribchester	Full Governors Vice Chair:	Mr E J Waite
Commercial Committee	Appointment Date		Pastoral & Academic Committee	Appointment Date
Mr J E S Kollard (Governor)	June 2010		Mrs A Shannahan (Chair of Pastoral & Academic Committee)	October 2020
Mr P R A Ribchester (Chair of Governors)	March 2018		Mr K Berry (Vice Chair of Pastoral & Academic Committee)	June 2021
Mr S A Wilkinson (Governor)	November 2013		Mr J North (Drapers’ Nominated Governor)	December 2024
Mr E J Waite (Governor)	June 2021		Ms S Raza (Governor)	July 2023
Mr M R A Bailey (Chair of Commercial Committee)	June 2021		Mrs S Pendergest (Governor)	February 2024
Mrs L Wareing (Governor)	November 2012		Mr S Fulford-Brown (Governor) (resigned August 2024)	March 2022
Mr A Berry (Governor)	May 2017		Mr M R P H D Wheatley (Drapers’ Nominated Governor) (resigned December 2024)	March 2019

Health and Safety Representative		Mr E J Waite (Governor)
CCF Compliance Adviser		Mr E J Waite (Governor)
EYFS Representative		Mrs A Shannahan (Governor)
Governor Policy Review		Mr E J Waite (Governor)
Learning Support / Child Protection and Safeguarding		Mr K Berry (Governor)
Secretary		Mrs P Homan

Committee Chairpersons may request any person to attend Committee Meetings when required. Chair of Governors (or Vice-Chairman as Chair’s representative) is ex-officio to all Committees. The Clerk to the Governors and Minuting Secretary will also be in attendance at all meetings. The Deputy Head – Operations will be invited to attend meetings as appropriate.

Newly appointed Governors are invited to attend all Committee Meetings initially and appointed to specific Committees thereafter.

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KIRKHAM GRAMMAR SCHOOL LEGAL AND ADMINISTRATION DETAILS

FOR THE YEAR ENDED 31 JULY 2024

OFFICERS Headmaster: T Gill, MA Bursar/Clerk to Governors: P Homan Principal Address: Kirkham Grammar School Ribby Road Kirkham Preston PR4 2BH Website: http://www.kirkhamgrammar.co.uk ADVISERS Bankers: National Westminster Bank PLC Corporate Office 20 Corporation Street Blackpool FY1 1EJ Auditors: Sumer Auditco Limited Fourth Floor Unit 5B, The Parklands Bolton, BL6 4SD Solicitors: Weightmans 100 Old Hall Street Liverpool L3 9QJ

Goldsmith Bower 10 City Hub 9-11 Peckover Street Bradford BD1 5BD Forbes Solicitors Ground Floor Oak House 28 Sceptre Way Walton Summit Preston PR5 6AW

Insurance Brokers:

PIB Insurance Brokers Poppleton Grange Low Poppleton Lane York YO26 6GZ

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KIRKHAM GRAMMAR SCHOOL STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2024

The Governors present their Strategic Report and Financial Statements for the year ended 31 July 2024.

REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR

Operational Performance of the Schools

In keeping with the promotion of the family ethos and the priority of the all-round development of young people in a secure setting, the school continues to offer a vibrant community in which young people can grow, developing friendships and skills. The school and its pastoral team act as key support workers at times when pupils and their families meet problems and we try hard to foster the atmosphere of mutual trust that all staff participate in, to create the family ethos which we hold so dear. Our vision for the school is to ensure academic success; encompassed by a breadth of educational opportunities including sporting, creative and cultural excellence and the fulfilment of each pupil’s potential.

The Governing Body is grateful for the selfless support of parents and to the Head of School, the Junior School Headmistress and staff across the whole Foundation, whether teaching or support in inspiring, coaching and supporting each pupil’s learning journey.

Senior School Academic Achievements and Performance

Another wonderful year of successes and triumphs with Kirkham Grammar School being an extremely vibrant and dynamic place to study and work. The academic year 2023/2024 resulted in a set of welcome results in public examinations for the school. Within the context of the national re-alignment of grade boundaries, it is still pleasing to be able to report a pass rate of 92% at A Level, with 15% of grades being at A*/A, and the top 9-7 grades accounting for a third of all grades awarded at GCSE level.

These impressive public examination results together with the host of co-curricular achievements when compared to the size of the school makes it one of the more successful in the UK.

Broader Aspects of School Life and Achievements

The vibrant school life at KGS is enriched by our pupils’ enthusiasm for co-curricular activities, which bring breadth and balance to their experience. This is made possible by the dedication of staff who actively support and engage with them. These activities provide every pupil with the opportunity to find a pursuit that fosters a sense of belonging and complements their academic journey an approach wholeheartedly embraced by our students.

From sport, music, and drama to the Combined Cadet Force, Duke of Edinburgh, and more, our diverse cocurricular program, alongside academic learning, helps nurture self-confidence and self-esteem. Aware of the pressures young people face today, we uphold a strong family ethos, ensuring that pupils feel supported and, in turn, support one another.

The Duke of Edinburgh Award Scheme is open from the fourth year upwards and continues to flourish at KGS, allowing 200+ pupils to fulfil their potential beyond the classroom and develop important skills for life and work. During the year 115 awards were achieved, 20 Gold Awards, 38 Silver Awards and 57 Bronze Awards.

The Music Department at Kirkham Grammar has had a vibrant and successful year, showcasing the talent and dedication of its students across a wide range of events. From the first Coffee Concert in October, featuring Sixth Form musicians, to the heart-warming performances of younger students in the Teatime Concert, music has been at the heart of school life. The Remembrance Service in November featured a moving performance of the Last Post, while the Carol and Christmas Concerts delighted audiences with festive music. The Spring term brought further highlights, including the Singers' Concert, Music House Festival, and the inaugural Piano Concert, all celebrating the breadth of musical talent at KGS. The annual Spring Concert in May featured an impressive mix of orchestral, choral, and solo performances, reflecting the school’s commitment to musical excellence. Beyond school, many students continue to excel at national and regional levels, participating in prestigious ensembles and competitions. With such dedication and achievement, Kirkham Grammar’s Music Department remains a beacon of high standards and artistic excellence.

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KIRKHAM GRAMMAR SCHOOL STRATEGIC REPORT

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It has been another successful year for Boys' Sport at KGS, with impressive achievements across multiple disciplines. Our rugby teams excelled, with the U13s and U14s winning multiple tournaments, the U16s securing a third consecutive Lancashire Cup, and the 1st XV claiming victory at the St Joseph’s National Festival, reaching the National final at Twickenham and competing internationally in South Africa. Despite weather disruptions, cricket saw strong performances, highlighted by the U15s making history as Lancashire Schools Cup champions. Beyond rugby and cricket, our boys excelled in eight sports, including hockey, basketball, football, athletics, cross country, swimming, and tennis. Notably, the U13s hockey team remained unbeaten in the regular season, and our U16s football squad reached the National Cup semi-finals. Several students also earned county-level recognition across cricket, hockey, and football, reflecting the depth of talent at KGS.

KGS has enjoyed another outstanding year in girls' sport, with remarkable achievements across multiple disciplines. Our hockey teams excelled, with the U12s going unbeaten at the Independent Schools National Festival, the U13s and U14s reaching national semi-finals, and the U18s ranking 12th in the country in the England Hockey Tier 1 Championships. Netball saw success with the U14s reaching the National Plate semifinals. In athletics, both the U13 and U15 teams were crowned Lancashire champions, with the U15s also securing regional and national finalist status. Tennis was equally impressive, with U13 and U15 teams winning LTA Lancashire titles and advancing to the regional finals later this year. These achievements highlight the strength and depth of girls' sport at KGS.

The Combined Cadet Force continues to thrive at KGS with cadets enjoying an extensive training programme.

Junior, Infant and Pre-School

The academic year 2023 to 2024 provided our pupils - from Rising 3s to 11 – with an array of events covering music, drama, art and design, sport, languages and outdoor adventure. Supplemented by educational trips and residential, we continued with our mission to ensure our pupils become independent, resilient, capable and kind human beings.

A highlight at the start of the Spring Term was our extremely successful inspection, where we were inspected under the new Inspection Framework, introduced in the September. The inspectors expressed that we have engendered an environment where staff are acutely aware of the aspirations and expectations of our pupils, which pervaded through every element of school life. As a result of this, they noted that our values and ethos are ubiquitous and intrinsically embedded in the culture of the Junior, Infant and Pre-School.

Our pupils took part in the Wyre and Fylde Sports Partnership Dance Festival interpreting the theme Heroes and Heroines with enthusiasm and creativity; we excelled in a wide range of sporting event, receiving trophies in rugby, football, hockey and cross country to name but a few. Dynamos Crickey was introduced to our KGS pupils from aged 4, with us also facilitating training sessions for them at Kirkham and Wesham Cricket Club. All Junior, Infant and Pre-School staff at KGS received INSET training on the delivery and coaching of this sport at the start of the academic year.

Our pupils from 3 to 11 performed at our Christmas Concert and Infant Nativity. In addition, individual pupils took part in our Young Drama Student and Young Musician of the Year, receiving wonderful feedback from an external adjudicator. Our choir of nearly 60 pupils supported our local community by performing at the Kirkham Heritage Lantern Festival in the Spring; and our less formal, but ever-popular, KGJS Has Got Talent for our Infant and Junior pupils took place in the Summer Term. A range of our drama pupils and instrumentalists took part in the Lytham Performing Arts Festivals with a high percentage receiving 1[st] , 2[nd] and 3[rd] places. The Royal Northern College of Music attended KGS to deliver an exciting array of musical activities to our pupils from 3 – 11 to supplement our music curriculum. And many of our pupils received distinctions and honours in relation to the LAMDA, ABRSM and LCM examinations.

In March, we took over 50 pupils aged from 8 – 11 to Zell-am-See, Austria for our biennial ski trip. As ever, the pupils excelled in the outdoors and demonstrated grit and determination in abundance when tackling range of weather conditions and terrain. Woodwork, Design Technology, Science and the Creative Arts all

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KIRKHAM GRAMMAR SCHOOL STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2024

integrate seamlessly into a KGS week. We were proud indeed to have a girl in Year 1 win a UCLAN Young Engineer Award, in addition to two other girls in Year 1 and 2 receiving Highly Commended awards too. The ceremony was well attended at UCLAN, and we were delighted to be able to highlight and celebrate this career path for some of our younger female pupils.

Finance teaching became fully embedded into our curriculum for all pupils from 3 – 11, where they learn about mortgages, interest rates, credit and debit, in addition to taking part in Money Week in June, where they receive a real insight into the world of business and how profits can be made.

Charity and Community

The Charity continues to develop community links. The school has a programme of widening educational access to our facilities, at fee rates below commercial levels. Local clubs and organisations use our campus regularly throughout the year and local children benefit each week from the use of our training facilities to receive organised sports coaching.

One of our key responsibilities within school is to ensure we consider those less fortunate than ourselves and the Charity Committees have had another very busy and successful year. We supported a range of local charities such as – Fylde Foodbank and Brian's House Children's Hospice – in addition to the NSPCC on Number Day, the British Legion during Remembrance, and MacMillan during the annual coffee morning. Our pupils are acutely aware of the positive impact they can have on the lives of others locally, and further afield, through their positive actions and charitable donations.

Fundraising Performance

Throughout the shortened year the Foundation continues to fulfil its objectives outlined in the Community Programme to improve school resources both for its own pupils and members of the community. We were grateful to the Old Kirkhamians and Friends, who made numerous donations to the school benefiting all age groups.

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

The school reported an operating deficit of (£987,179) after depreciation, this was (£240,629) adverse to the Budget. The Governing Body is disappointed to report a deficit, as overheads, and expenses continued to rise significantly in the year. Examples of ongoing increases included a rise in energy prices, insurance, travel, food and a significant increase in Teacher Pension Scheme contributions.

Work began on an expense reduction programme, which led to the withdrawal from the Teacher Pension Scheme for January 2025 and a retendering of a majority of third party suppliers. This was also driven by the risk of forthcoming HMRC policy change and the possibility of VAT being imposed on school fess. We continued to spend monies on aspects of the buildings which needed repairs and upgrading, which was funded from the income, Fundraising and not capital investment. This was in an effort to limit borrowing, the cost of which was also increasing.

Whilst the economic climate remains challenging, The Governing Body is satisfied that the assets of the school are available and adequate to fulfil the obligations of the Charity. Details of the specific funds are given in the notes to the financial statements.

The level of reserves is considered and reviewed at regular intervals and will continue to do so. In view of the deficit position, the Governing Body are exploring the fee rates, discount levels and alternative methods of parents funding school fees.

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KIRKHAM GRAMMAR SCHOOL STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2024

Investment policy and objectives

The Governors’ investment powers are governed by the Scheme, which permits the Charity’s funds to be invested in the name of the said Official Custodian unless the Charity Commissioners direct otherwise. The Governors’ policy is to generate income from investment property whilst preserving the real value of endowed investments.

FUTURE PLANS

The Board’s Key Financial Objectives are:

1) To increase the income per child and establish the correct roll of pupils, in the economic downturn and post the VAT rule change
2) To continue the development in teaching and learning with various initiatives including pupils’ skills of independent learning, developing the curriculum as appropriate, with high quality CPD and consistency across Teaching and Learning .
3) To maintain and improve the current high standards of academic achievement as measured by ISI Inspection, external public examinations and independent value added criteria.
4) Continue to develop school facilities.
5) Continue to fulfil aspects of the school’s duty to provide worthwhile public benefit including community co-operation and review of scholarships and means tested bursaries.
6) Establish financial stability by ensuring cash flow predictability, and a surplus position, to inform the long term strategic investment plan.

Approved by the Board of Governors on ........................ | MikSign39D326BAD592467... e d by:Bailey

M R A Bailey Governor

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KIRKHAM GRAMMAR SCHOOL REPORT OF THE GOVERNORS

FOR THE YEAR ENDED 31 JULY 2024

The Governors present their annual report for the year ended 31 July 2024, under the Charities Act 2011, together with the audited accounts for the year and confirm that they comply with the requirements of the Scheme and Charities SORP 2005 and Companies Act 2006.

Reference and Administrative Information

Kirkham Grammar School was founded in 1549 and is registered with the Charity Commissioners as Kirkham Educational Foundation under charity number 1123869. Under the transfer of undertaking the Charity Activity of Kirkham Educational Foundation transferred to Kirkham Grammar School (Limited by Guarantee) company number 06195985. The Governors of the Charity are as listed on page 1. Particulars of the Charity’s executive officers, principal address of the Charity and professional advisers are given on page 2.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Charity is governed by a Charity Commission scheme of 19 February 2008, varied on 30 June 2009.

Governing Body

The structure of the Charity consists of the Senior School and Boarding House, Junior, Infant and Pre School known collectively as Kirkham Grammar School and governed by one Governing Body, the details of which are explained on page 1, together with information on how the members of the Governing Body are appointed to office.

Recruitment and Training of Governors

The Charity’s elected Governors are appointed at a meeting of the Kirkham Grammar School Board on the basis of nominations received, including the relevant body detailed on page 1. Governors are appointed by a resolution of the Governors passed at a special meeting of which not less than 14 and no more than 35 clear days’ notice has been given. The Governors are recruited on specifications concerning eligibility, personal competence, specialist skills and local availability. New Governors are inducted into the workings of the Charity and its schools, including the Charity Scheme, Instruments and Articles of Association, Terms of Reference made by the Governors to regulate their Practices and Procedures and Committee Terms of Reference and an induction day in school including meeting the Chairman of Governors, Head of School, Staff, Pupils and attending lessons. During the year Governors attended appropriate training sessions, including an ISBA seminar; Governors also completed online training for Radicalisation and Safeguarding Levels 1 and 2.

Organisational Management

The Governors of Kirkham Grammar School, as the trustees of the Charity, are legally responsible for the overall management and control of Kirkham Grammar School, and meet at least three times a year; the individual sub-committees meet termly. All Committees are scheduled to try and meet prior to the Commercial Committee, which meets usually ten days prior to the full Governing Board meeting. At two of the Commercial Committee meetings they specifically approve the budgets and fees for the next academic year and finalise the audited accounts and annual report for approval by the Board.

The Committee also makes recommendations to the Board of Salary Reviews, future capital projects, legal changes (eg. VAT regime) and school fee funding options.

The day to day running of the school is delegated to the Head of School, supported by the Senior Leadership Team, together with the Bursar and Clerk to the Governors. The Head of School, Headmistress KGJS, Senior Deputy Head and Bursar attend full Governors’ meetings supported as appropriate by other members of the Senior Leadership Team.

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KIRKHAM GRAMMAR SCHOOL REPORT OF THE GOVERNORS

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Group Structure and Relationship

The Charity has a wholly owned subsidiary company, Wrea Services Limited, the directors of which are trustees of the charity. Wrea Services Limited is the school outfitters. The Charity benefits from the annual gift aid from the Company to the School.

Risk Management

The Kirkham Grammar School Board of Governors is responsible for the management of the risks faced by the school. Detailed considerations of risk are delegated to the Chairman of Governors, Vice-Chairman of Governors, Committee Chairmen and Head of School, who are assisted by the Senior Leadership Team. Risks are identified, assessed and controls established throughout the year, with support of our retained Risk Advisors (PIB Insurance). A formal review of the charity’s risk management processes is undertaken on an annual basis.

The key controls used by the charity include:

formal agendas for all Committee and Board activity;
detailed terms of reference for all Committees;
comprehensive strategic planning, budgeting and management accounting;
using appropriate external expertise, when risks materialise or require mitigating actions;
established organisational structure and lines of reporting;
formal written policies;
clear authorisation and approval levels; and
safeguarding procedures as required by law for the protection of the vulnerable.

Through the risk management processes established for the school, the Kirkham Grammar School Governors are satisfied that the major risks identified have been effectively mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

OBJECTS, AIMS AND OBJECTIVES AND ACTIVITIES

Charitable Objects

The Charity’s Objects, as set out in its Scheme, are to advance the education of children and young people by the provision of a school or schools, conducted in accordance with the principles of the Christian faith in or near Kirkham and Treales in the County of Lancashire and by ancillary or incidental educational activities and other associated activities for the benefit of the community.

Within these objects, the Charity has various permanent endowed trust funds held to generate income for bursaries.

Public Benefit Aims and Intended Impact

In meeting these Objects, the school’s public benefit aim is to provide a first class independent education, both through strong academic tuition, and through developing wider sporting, artistic and social skills in all its pupils assisted through an extensive extra-curricular programme that aims to develop life-long leisure interests and help build self-confidence. This is intended to provide an environment where each pupil can fulfil his or her potential, develop leadership skills and inculcate a desire to contribute to the wider community. Kirkham Grammar School is one of the few remaining co-educational independent day schools that can offer parents and pupils the advantage of a boarding education.

In furtherance of these aims the Kirkham Grammar School Governors, as the charity trustees, have complied with the duty in s.2 (1) (b) of the Charities Act 2011 to have due regard to the Charity Commission’s published general and relevant sub-sector guidance concerning the operation of the Public Benefit requirement under that Act. This is monitored and reported to the Governors by means of an annual audit and further details are available under the heading Grant-making policy.

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KIRKHAM GRAMMAR SCHOOL REPORT OF THE GOVERNORS

FOR THE YEAR ENDED 31 JULY 2024

Objectives for the Year

Our objectives are set to reflect our educational aims and the ethos of the School and detailed in the School Development Plan; these are incorporated within the whole school Self Evaluation Form (SEF). Areas covered are:

Leadership and Management and Governance
Pupils’ Education, Training and Recreation
Pupils’ Physical & Mental Health and Emotional Wellbeing
Pupils’ Social & Economic Wellbeing and Contribution to Society
Safeguarding
Boarding
EYFS

New initiatives are introduced by the Head of School to ensure every child receives the best education and pastoral care whilst at the school.

Strategies to Achieve the Year’s Objectives

The ethos of the school centres on a balanced education and this has been furthered by greater opportunity with additional clubs and societies and more educational trips abroad. We also continue to sustain links with local junior schools in both the state and independent sectors, encouraging wider community access to our school and its facilities. Many local clubs and societies use the school’s facilities to provide sports coaching and training sessions in many different disciplines. The school also plays its part in the life of our local community through our community access, pupil enrichment programme and supporting local charities.

Principal Activities of the Year

The Charity principally provides education in Kirkham to boys and girls from the ages of 3 to 18 in its two schools and boarding facilities. It also hosts extensive evening clubs and summer schools with professional coaching. In the year, the Senior School averaged 620 (2022/23: 666) pupils of whom 59 (2022/23: 86) were Boarders and the Junior, Infant and Pre School averaged 157 (2022/23: 198) day pupils.

Grant-making Policy

This year, the value of scholarships, grants, prizes and other awards made to the schools’ pupils out of restricted and unrestricted funds equated to £712,758. The Governors’ policy, in line with that of other Independent Schools, is to make these awards on the basis of the individual’s educational potential, subject to the particular conditions imposed by the original donor where the award is out of restricted funds. Further awards totalling £1,531,100 in bursaries and allowances were made from restricted and unrestricted funds, where the policy is to widen access and relieve hardship when the pupil’s education and future prospects would otherwise be at risk. A hardship fund is also available to help pupils in receipt of bursaries and to access specific tuition where appropriate. The school is also registered to administer the Lancashire County Council’s Early Years Single Funding Formula Scheme and Salary Sacrifice vouchers. The availability of all such fee assistance, together with the terms and conditions for these awards, is advertised on our website www.kirkhamgrammar.co.uk.

Volunteers

The Old Kirkhamians’ Association assists with raising funds towards the provision of an OKA Bursary and aids the school in its quest to retain its heritage and provide sponsorships for our older pupils who embark on charitable work during their gap year: details are publicised in the OKA newsletters. The Friends of Kirkham Grammar School also work voluntarily for the school and raise funds through social events to provide resources for the benefit of our pupils. The Board would like to take this opportunity to say how much we appreciate both Associations for continuing to provide valuable support for our work.

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KIRKHAM GRAMMAR SCHOOL REPORT OF THE GOVERNORS

FOR THE YEAR ENDED 31 JULY 2024

Statement of Governors’ Responsibilities

The Governors of Kirkham Grammar School as charity Governors and Directors (for the purposes of company law) are responsible for preparing the Strategic Report and the Report of the Governors and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Governors to prepare the financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable company/group for that period. In preparing these financial statements, the Governors are required to:

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

The Governors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of Disclosure to Auditors

In so far as the Governors are aware:

There is no relevant audit information of which the charitable company’s auditors are unaware, and
The Governors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Where applicable the Governors are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Auditor

The auditor, Sumer Auditco Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

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Approved by the Board of Governors on ...........................

M R A Bailey Governor

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KIRKHAM GRAMMAR SCHOOL INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND GOVERNORS OF KIRKHAM GRAMMAR SCHOOL

FOR THE YEAR ENDED 31 JULY 2024

Opinion

We have audited the financial statements of Kirkham Grammar School (the ‘parent company’) and its subsidiaries (the ‘group’) for the year ended 31 July 2024 which comprise the Group Statement of Financial Activities, the Group Balance Sheet, the Company Balance Sheet, the Group Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the group’s and the parent company’s affairs as at 31 July 2024 and of the group’s income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006 and Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Governors use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 Governors with respect to going concern are described in the relevant sections of this report.

Other information

The governors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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KIRKHAM GRAMMAR SCHOOL

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND GOVERNORS OF KIRKHAM GRAMMAR SCHOOL

FOR THE YEAR ENDED 31 JULY 2024

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

the information given in the Strategic Report and the Governors’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Governors’ 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Governors’ Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion:

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent company financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Governors

As explained more fully in the Governors’ Responsibilities Statement the governors 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 directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the governors are responsible for assessing the group’s and the parent company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the governors either intend to liquidate the group or the parent 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 auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material, if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussions with the Governors (as required by auditing standards) and discussed with the Governors the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably.

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND GOVERNORS OF KIRKHAM GRAMMAR SCHOOL

FOR THE YEAR ENDED 31 JULY 2024

Firstly, the charity is subject to laws and regulations that directly affect the financial statements including financial reporting legislation and taxation legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect; laws related to health and safety and employment.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Governors and inspection of regulatory and legal correspondence, if any. Through these procedures we did not become aware of any actual or suspected non-compliance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.

We design procedures in line with our responsibilities, outlined below to detect material misstatement due to fraud:

Matters are discussed amongst the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud
Identifying and assessing the design and effectiveness of controls that management have in place to prevent and detect fraud
Detecting and responding to the risks of fraud following discussions with management and enquiring as to whether management have knowledge of any actual, suspected or alleged fraud;

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors report.

Use of our report

This report is made solely to the group members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and under Section 151 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND GOVERNORS OF KIRKHAM GRAMMAR SCHOOL

FOR THE YEAR ENDED 31 JULY 2024

Stuart Stead Senior Statutory Auditor

Stuart Stead Senior Statutory Auditor for and on behalf of Sumer Auditco Limited Date: ……………………… (. CE52511F27C543D...DocuSigned by: Statutory Auditor Fourth Floor Unit 5B, The Parklands Bolton

BL6 4SD

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL STATEMENT OF ACCOUNTING POLICIES

FOR THE YEAR ENDED 31 JULY 2024

Accounting convention

The financial statements have been prepared under the historical cost convention modified to include the investment assets at market value.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective January 2015) – (Charities SORP (FRS102)) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The company is a qualifying entity for the purpose of FRS102 and has elected to take exemption under FRS102 paragraph 1.12(b) not to present the company statement of cashflows.

Going Concern

The group and school is in a net current liabilities position. The Governors have considered the group’s ability to continue as a going concern and have prepared forecasts, including cash flow forecasts, to 31[st] July 2025. Based on these forecasts the Governors are satisfied that, for the foreseeable future, the school can meets its projected working capital requirements. The School has been in breach of one of the financial covenants outlined by its bankers. Despite this fact, the bank have confirmed that they are prepared to continue to support the School following review of the prepared forecasts. Therefore, the Governors’ consider it appropriate to prepare the financial statements on the going concern basis. The financial effects of COVID-19 are uncertain, however, the Governors are satisfied that they have taken all necessary steps to protect the School and its wholly-owned subsidiary’s, financial position, managing and continuing the provision of education to its pupils and safeguarding employees.

Transfer of activities

On 1 August 2008, the activities, certain assets and liabilities of Kirkham Education Foundation were transferred to the company. From 1 August 2008, the company traded as Kirkham Grammar School.

Basis of consolidation

These financial statements consolidate the results of the School, Kirkham Educational Foundation and its whollyowned subsidiary Wrea Services Limited on a line by line basis. The acquisition method of accounting has been adopted. Under this method, the results of group undertakings acquired or disposed of in the year are included from the date of acquisition or up to the date of disposal, on a line by line basis. A separate statement of financial activities for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by the SORP.

Fees and similar income

Fees receivable and charges for services and use of premises are accounted for in the period in which the service is provided. Fees receivable are stated after deducting allowances, scholarships and other remissions granted by the School from its unrestricted funds, but include contributions received from restricted funds for scholarships, bursaries and other grants.

Donations received for the general purposes of the School are included in unrestricted funds.

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL STATEMENT OF ACCOUNTING POLICIES

FOR THE YEAR ENDED 31 JULY 2024

Donations

Donations for activities restricted by the wishes of the donor are taken to “restricted funds” where these wishes are legally binding on the Governors. Donations required to be retained as capital in accordance with the donor’s wishes are accounted for as “endowments” – permanent or expendable according to the nature of the restriction.

Expenditure

Expenditure is accounted for on an accruals basis. The irrecoverable element of VAT is included with the item of expense to which it relates.

Costs are allocated and apportioned between different classes of expenditure in accordance with the SORP.

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Cost is defined as the purchase price of assets acquired, plus directly attributable costs incurred in bringing the asset into working condition for its intended use.

The capitalisation threshold of fixed assets is £5,000.

Gifted assets are capitalised and included in the statement of financial activities at a reasonable estimate of cost based on similar assets previously purchased by the School. The donation is shown as an incoming resource in the year.

Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset of its expected useful life, as follows: -

Freehold land	Not depreciated
Freehold buildings	50 years
Fixtures, fittings and equipment	5 years to 10 years
Motor vehicles	4 years
Computers	3 years

Investment property, which is property held to earn rentals and/or capital appreciation, is measured using the fair value model and stated at its fair value as at the reporting end date. The surplus or deficit on revaluation is recognised in the statement of financial position.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Investments

Investments are included at closing mid-market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities. Investment income is accounted for in the period in which the School is entitled to receipt.

Investments in subsidiary undertakings are recorded at cost.

Stock

Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost is defined as purchase cost.

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL STATEMENT OF ACCOUNTING POLICIES

FOR THE YEAR ENDED 31 JULY 2024

Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company’s statement of financial position when the company become party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

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

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL STATEMENT OF ACCOUNTING POLICIES

FOR THE YEAR ENDED 31 JULY 2024

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Leasing and hire purchase commitments

Rentals payable under operating leases are charged against income on a straight line basis over the period of the lease.

Taxation

The School is an exempt charity and benefits by being exempt from corporation tax on income it receives from tuition fees, interest and rents.

The School is exempt from levying VAT on the services it provides to pupils. For this reason, the School is generally unable to recover input VAT it suffers on goods and services purchased, which is included in the cost of these goods and services.

Provision for irrecoverable fee debtors

Fees due but not received at the year end (classified as Trade Debtors within the Financial Statements) are included after making due provision for doubtful and irrecoverable balances. Such provisions are made on an individual basis considering individual circumstances, after review and approval by the Board of Governors. No provision is made where debts are deemed to be sufficiently secured, guaranteed and/or subject to payment arrangements.

Accumulated funds

Endowment funds comprise of individual trust funds set up by specific donors, the capital of which may not be expended. The purposes and uses of endowments funds are set out in the notes to the financial statements.

Restricted 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 accounts.

Unrestricted funds are expended at the discretion of the Governors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Pensions

Retirement benefits to employees of the School are provided by the Teachers’ Pension Scheme (TPS) and the Local Government Pension Scheme (LGPS). These are defined benefit schemes which are externally funded and contracted out of the State Earnings-Related Pension Scheme (SERPS). Contributions to the schemes are charged to the income and expenditure account, so as to spread the cost of pensions over employees’ working lives with the School in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll.

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL STATEMENT OF ACCOUNTING POLICIES

FOR THE YEAR ENDED 31 JULY 2024

The contributions are determined by qualified actuaries on the basis of triennial valuations using the projected unit method or the LGPS and quinquennial valuations using a prospective benefit method for the TPS.

Judgements and key sources of estimation uncertainty

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

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

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JULY 2024

Unrestricted Restricted Endowment Notes Funds Funds Funds £ £ £ Income *Income from charitable activities* School Fees 1 8,930,177 - - Other income 2 627,627 - 12 *Other trading activities* Trading turnover Wrea Services 3 - - - Investment income 4 15,450 - - Donations - - - Total income and endowments 9,573,254 - 12 Expenditure Other expenditure Trading expenses 5 37,558 - - Financing costs 202,740 - - 240,298 - - Expenditure on Charitable activities Teaching 5,876,926 - - Welfare staff costs 1,362,815 - - Premises & other occupancy costs 1,272,470 9,010 - Support costs 5a 1,348,678 - 12 Management & administration 473,565 - - 10,334,454 9,010 12 Governance Costs 14,203 - - Total expenditure 5 10,588,955 9,010 12 Net (expenditure) / surplus (1,015,701) (9,010) - Investment gains - - - Net movement in funds (1,015,701) (9,010) - Fund balance at 1 August 2023 3,414,349 797,605 227,811 Fund balance at 31 July 2024 16 2,398,648 788,595 227,811	Total 2024 £ 8,930,177 627,639 - 15,450 _- 9,573,266 37,558 202,740 240,298 5,876,926 1,362,815 1,281,480 1,348,690 473,565 10,343,476 14,203 10,597,977 (1,024,711) - (1,024,711) 4,439,765 3,415,054	Total 2023 £ 9,192,632 673,663 97,244 9,971 - 9,973,510 117,007 198,131 315,138 5,597,412 1,276,386 1,549,559 1,457,698 379,681 10,260,736 12,488 10,588,362 (614,852) - (614,852) 5,054,617 4,439,765

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JULY 2024

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

All amounts derive from continuing activities
All gains and losses recognised in the year are included in the Statement of Financial Activities.

The notes on pages 25 to 34 form part of these financial statements

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL CONSOLIDATED BALANCE SHEET

FOR THE YEAR ENDED 31 JULY 2024

	Notes		2024		2023
		£	£	£	£
Fixed Assets
Tangible assets	7		7,082,485		7,342,840
Investments	8/9		335,000		335,000
			7,417,485		7,677,840
Current assets
Stocks	10	3,635		38,616
Debtors: amounts due within one year	11	1,091,882		870,918
Cash at bank and in hand		881,184		57,517
		1,976,701		967,051
Creditors:
Amounts falling due within one year	12	(3,663,187)		(1,818,406)
Net current (liabilities)			(1,686,486)		(851,355)
Total assets less current liabilities			5,730,999		6,826,485
Creditors:
Amounts falling due after more than
one year	12		(2,315,945)		(2,386,720)
Net assets			3,415,054		4,439,765
Capital funds
Endowments	13		227,811		227,811
Income funds
Restricted funds	14		788,595		797,605
Unrestricted funds
Other charitable funds	16		2,433,749		3,411,918
Non-charitable trading funds	15		(35,101)		2,431
			3,415,054		4,439,765

29/4/2025 | 1:42 AM PDT The accounts were approved by the Governors on ………………..

……………………… | MikSign e d by:Bailey 39D326BAD592467... M R A Bailey Governor

Company Registration No. 06195985

The notes on pages 25 to 34 form part of these financial statements

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL BALANCE SHEET

FOR THE YEAR ENDED 31 JULY 2024

	Notes		2024		2023
		£	£	£	£
Fixed Assets
Tangible assets	7		7,082,485		7,342,840
Investments	8/9		416,810		416,810
			7,499,295		7,759,650
Current assets
Stocks	10	3,635		3,888
Debtors: amounts due within one year	11	1,091,150		870,229
Cash at bank and in hand		876,086		38,329
		1,970,871		912,446
Creditors
Amounts falling due within one year	12	(3,704,066)		(1,848,042)
Net current (liabilities)			(1,733,195)		(935,596)
Total assets less current liabilities			5,766,100		6,824,054
Creditors
Amounts falling due after more than
one year	12		(2,315,945)		(2,386,720)
			3,450,155		4,437,334
Income funds
Restricted funds	14		788,595		797,605
Unrestricted funds
Other charitable funds	16		2,661,560		3,639,729
			3,450,155		4,437,334

29/4/2025 | 1:42 AM PDT The accounts were approved by the Governors on ……………… …………………………. | MikSign e d by:Bailey M R A Bailey 39D326BAD592467... Governor

Company Registration No. 06195985

The notes on pages 25 to 34 form part of these financial statements

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2024

Notes Cash flow from operating activities Cash generated/(absorbed by) from operations 17 Interest paid Net cash (out)/inflow from operating activities Investing activities Purchase of tangible fixed assets Investment income Net cash used in investing activities Financing activities Proceeds from bank loan Repayment of bank loans Net cash used in financing activities Net increase/ (decrease) in cash & cash equivalents Cash and cash equivalents at beginning of year Cash at bank Bank Overdraft	£ 1 1 (29,258) 15,450 - (67,544) 1	2023 £ ,380,195 (202,740) ,177,455 (13,808) (67,544) ,096,103 (214,919) 881,184 881,184 - 881,184		£ (24,408) 9,971 - (91,263)	2023 £ (24,622) (198,132) (222,754) (14,437) (91,263) (328,454) 113,535 (214,919) 57,517 (272,436) (214,919)

The notes on pages 25 to 34 form part of these financial statements

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

School Fees	2024	2023
	£	£
Gross fees	11,670,555	11,987,564
Less total bursaries, grants and allowances	(2,740,378)	(2,794,932)
	8,930,177	9,192,632
Other Income
	2024	2023
Charitable activities	£	£
Entrance and registration fees	4,680	6,569
Other activities to generate funds
Lettings and other income	622,488	658,845
Other incoming resources
Other	459	8,249
Total other income	627,627	673,663

Income from subsidiary’s trading activities

The School owns the whole of the ordinary share capital, consisting of £81,810 (2023: £81,810) ordinary shares of £1 each, of Wrea Services Limited, which sells goods relating to the School. Its trading results for the year, as extracted from the audited financial statements, are summarised below:

	2024	2023
	£	£
Turnover	-	97,244
Cost of sales	(34,920)	(78,276)
Gross profit	-	18,968
Other income	-	-
Administration costs	(2,638)	(38,741)
Interest receivable	26	12
Taxation	-	(2)
Net loss	(37,532)	(19,763)

The total trading expenses for the subsidiary were £37,558 (2023: £117,017) and included £Nil (2023: £Nil) in respect of Gift Aid donated to Kirkham Grammar School.

The subsidiary had net assets at 31 July 2024 of £46,709 (2023: £84,241).

Investment Income	2024	2023
	£	£
Interest on cash deposits held for investment	15,450	9,971
Rental income	-	-
	15,450	9,971

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

Analysis of Total Resources 5.	Analysis of Total Resources	Staff	Staff Other		Total		Total
	Expended	costs	costs costs	Depreciation	2024		2023
		£	£ £	£	£		£
	Charitable activities
	Teaching	5,876,926	5,876,926 -	-	5,876,926	5,597,412
	Welfare staff costs	1,362,815	1,362,815 -	-	1,362,815	1,276,386
	Premises and other occupancy costs	-	- 982,650	289,817	1,272,467	1,549,559
	Support costs (see note 5a)	56,361	56,361 1,292,329	-	1,348,690	1,457,698
	Management and administration	266,658	266,658 202,614	-	469,272	379,681
		7,562,760	7,562,760 2,477,593	289,817	10,330,170 10,260,736	10,260,736
	Governance costs	-	- 14,203	-	14,203	12,488
	Costs of generating funds
	Financing costs	-	202,740	-	202,740	198,131
		7,562,760	7,562,760 2,694,536	289,817	10,547,113	10,471,355
	Total for charity
	Trading costs of the subsidiary	-	37,558	-	37,558	117,007
	Total for group	7,562,760	7,562,760 2,732,094	289,817	10,584,671	10,588,362
5a. Analysis of Support Costs	5a. Analysis of Support Costs		Allocation of support costs to activities	Allocation of support costs to activities		Allocation of support costs to activities
				Allocated to	Depreciation
			Staff costs	Other costs
	Support costs		£	£		£
	Education supplies and services		-	530,821		-
	Other supplies and services		56,361	761,508		-
	Total		56,361	1,292,329		-
Employees 6.	Employees
				2024		2023	2023
				£		£	£
	Wages and salaries			5,554,680	5,644,856		5,644,856
	Social security costs			554,915	540,048		540,048
	Other pension costs			1,061,092	964,645		964,645
				7,170,687	7,149,549		7,149,549
				Number	Number		Number
	£60,001 - £70,000			3		3	3
	£70,001 - £80,000			2		-	-
	£80,001 - £90,000			-		1	1
	£90,001 - £100,000			-		-	-
	£100,001 - £110,000			1		-	-
	£110,001+			-		1	1
				6		5	5

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

6. Employees (Continued)

The average monthly number of employees during the year was: Educational services and supplies Management and administration of the charity	158 161 18 18 176 179

Pension Scheme

The School participates in the Teachers’ Pension Scheme (“the TPS”) for its teaching staff. The pension charge for the year includes employer contributions payable to the TPS of £842,718 (2023: £820,971) and at the year-end £105,817 (2023: £92,590) was accrued in respect of total contributions to this scheme.

The TPS is an unfunded multi-employer defined benefits pension scheme governed by the Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pensions Regulations 2014 (as amended). Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations by the Government Actuary’s Department. Employers are currently required to pay a scheme administration levy of 0.08% giving a total employer contribution of 16.48%.

From 1[st] September 2019 employer contributions increased to 23.68%, an increase in the region of £20k per month.

There are also indications that the protections in the new cost cap mechanism required by the Public Service Pensions Act 2013 mean public sector workers will get improved pension benefits for employment over the period April 2019 to March 2024.

Local Government Pension Scheme

The LGPS is a funded defined benefit scheme, with the assets held in separate trustees administered funds.

FRS102

Under the definitions set out in FRS 102 (Post Employment Benefits), the TPS and LGPS are multi-employer pension schemes. The School is unable to identify its share of the underlying assets and liabilities of the schemes. Accordingly, the school has accounted for its contributions as if they were defined contribution schemes.

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

Tangible fixed assets
Group	Freehold	Furniture
	Land and	and	Motor
	buildings	equipment	vehicles	Total
Cost	£	£	£	£
At 1 August 2023	11,256,440	3,621,870	60,633	14,938,943
Additions	-	29,258	-	29,258
At 31 July 2024	11,256,440 3,651,128	3,651,128	60,633	14,968,201
Depreciation
At 1 August 2023	4,059,064	3,476,406	60,633	7,596,103
Charge for the year	203,302	86,311	-	289,613
At 31 July 2024	4,262,366	3,562,717	60,633	7,885,716
Net Book Value
At 31 July 2024	6,994,074	88,411	-	7,082,485
At 31 July 2023	7,197,376	145,464	-	7,342,840

Net book value at 31 July 2024 represents fixed assets used for:

	Freehold	Furniture
	Land and	and	Motor	Total	Total
	Buildings	Equipment	Vehicles	2024	2023
	£	£	£	£	£
Direct charitable purposes	6,305,634	88,411	-	6,394,045	6,634,828
Other purposes:	688,440	-	-	688,440	708,012
Hire of facilities
Used by subsidiary company	-	-	-	-	-
	6,994,074	88,411	-	7,082,485	7,342,840

An amount of £688,440 (2023: £708,012) represents the total net book value of assets which are only part used for other purposes, their main use being in connection with direct charitable purposes.

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

Tangible fixed assets (continued) 7.	Tangible fixed assets (continued)
	School	Freehold	Furniture
		Land and	and	Motor
		buildings	equipment	vehicles	Total
	Cost	£	£	£	£
	At 1 August 2023	11,256,440	3,619,461	60,633	14,936,534
	Additions	-	29,258	-	29,258
	At 31 July 2024	11,256,440	3,648,719	60,633	14,965,792
	Depreciation
	At 1 August 2023	4,059,064	3,473,997	60,633	7,593,694
	Charge for the year	203,302	86,311	-	289,613
	At 31 July 2024	4,262,366	3,560,308	60,633	7,883,307
	Net Book Value
	At 31 July 2024	6,994,074	88,411	-	7,082,485
	At 31 July 2023	7,197,376	145,464	-	7,342,840
8. Tangible Fixed Assets	8. Tangible Fixed Assets				Investment
Group and School	Group and School				Property
					£
	Cost or valuation
	At 1 August 2023				335,000
	At 31 July 2024				335,000
	Net Book Value
	At 31 July 2024				335,000
	At 31 July 2023				335,000

The investment property was valued as at 30 September 2020 by Charles Parker Bennett & Co. Ltd at an open market value.

Based on the review, a movement in fair value was adjusted at this date.

The Governors deem that this valuation is reasonable as at 31 July 2024.

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

Fixed asset investments

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:	The company holds more than 20% of the share capital of the following companies:	The company holds more than 20% of the share capital of the following companies:
Company	Country of registration or		Shares held
	Incorporation	Class	%
Subsidiary undertakings
Wrea Services Limited	England and Wales	Ordinary	100

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

					Capital &	Profit/(loss)
					Reserves	For the year
	Principle activities				£	£
	Ancillary trading association			Ancillary trading association
Wrea Services Limited	with a Grammar School				46,709	(37,532)
Stocks		Group		Group	School	School
		2024		2023	2024	2023
		£		£	£	£
Finished goods and goods for resale		3,635		38,616	3,635	3,888
Debtors		Group		Group	School	School
		2024		2023	2024	2023
		£		£	£	£
Trade debtors		873,550		770,508	873,550	770,508
Other debtors		13,509		14,217	12,777	13,528
Prepayments & accrued income		204,823		86,193	204,823	86,193
		1,091,882		870,918	1,091,150	870,229
Creditors
a: Amounts falling due within one year		Group		Group	School	School
		2024		2023	2024	2023
		£		£	£	£
Bank loans and overdrafts		110,938		380,143	110,938	380,143
Trade creditors		332,169		224,762	332,169	223,265
Other taxation and social security		254,670		252,831	254,670	252,831
Other creditors		2,931,690		887,610	2,928,240	886,542
Accruals		33,720		73,060	33,720	70,932
Amounts owed to group undertaking		-		-	44,329	34,329
		3,663,187	1,818,406		3,704,066	1,848,042
Bank loans and overdrafts are secured by a first legal mortgage over the freehold property of the School.				Bank loans and overdrafts are secured by a first legal mortgage over the freehold property of the School.
b: Creditors: amounts falling due after more than one year				Group		School
		2024		2023	2024	2023
		£		£	£	£
Bank loans		2,315,945	2,386,720		2,315,945	2,386,720

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

12. Creditors (Continued)	2024	2023
c: Amounts of borrowings by year of repayment	£	£
Bank loans and overdrafts fall due for repayment:
Within one year	110,938	107,707
Between one and two years	114,267	110,938
Between two and five years	363,787	353,189
After more than five years	1,837,891	1,922,593
	2,426,883	2,494,427

Bank loans and overdrafts secured by a first legal mortgage over the freehold property of the School.

The following information is provided in respect of loans, any repayments of which fall due after more than five years from the balance sheet date:-

At the balance sheet date, the aggregate amount payable in respect of such loans was £2,426,883 (2023: £2,494,427) all of which amounts are repayable by instalments.

In respect of such loans repayable by instalments, instalments amounting to £1,837,891 (2023: £1,922,593) fall due after more than five years.

The loan is repayable over 20 years, with interest charged at 1% over LIBOR. The repayment date is April 2041.

Endowments		Movements in funds	Movements in funds
Group	Balance at	Incoming	Gains/(loss) &	Balance at
	01.08.23	Resources	Transfers	31.07.24
	£	£	£	£
Permanent Endowments
(Bursary) Investments	67,470	-	-	67,470
George R Hall	15,892	-	-	15,892
Katie Cane	144,449	-	-	144,449
	227,811	-	-	227,811

Restricted funds

The income funds of the charity include restricted funds comprising the following unexpected balances of donations and grants held on trust for specific purposes:

	Balance at	Incoming	Resources	Balance at
	01.08.23	resources	Expended	31.07.24
	£	£	£	£
1986 Appeal – Multipurpose Hall	109,600	-	-	109,600
1985 Appeal – Technology Centre	297,567	-	(6,483)	291,084
2001 Appeal – Science Block and	2001 Appeal – Science Block and
Classrooms	110,993	-	(2,527)	108,466
Drama Studio	158,926	-	-	158,926
Wish List	9,678	-	-	9,678
The Waite Building	41,250	-	-	41,250
FKGS Hockey goal posts	2,051	-	-	2,051
FKGS SLH refurbishment	18,000	-	-	18,000
Bursary Funds
Wolfson	49,540	-	-	49,540
	797,605	_-	(9,010)	788,595

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

Non-Charitable trading funds	Non-Charitable trading funds
Group					Balance	Profit /	Profit /	Balance
					at	(Loss) for		at
					01.08.23	the year		31.07.24
					£	£		£
Trading profit of subsidiary undertaking					2,431	(37,532)		(35,101)
Analysis of net assets between
funds
				Restricted
				Development	Other	Unrestricted	Unrestricted
		Unrestricted		Appeal 1995	Restricted	Endowment
			Funds	& 2011 Fund	Funds	Funds		Total
Group			£	£	£	£		£
Fund balances at 31.07.24
are represented by:
Tangible fixed assets		6,066,079		399,550	389,045	227,811		7,082,485
Investments		335,000		-	-		-	335,000
Current assets		1,976,701		-	-		-	1,976,701
Current liabilities		(3,663,187)		-	-		-	(3,663,187)
Long term liabilities	Long term liabilities	(2,315,945)		-	-		-	(2,315,945)
Total Net Assets		2,398,648		399,550	389,045	227,811		3,415,054
Unrealised gains incl above
On investments assets					-		-	-
Total unrealised gains at
31.07.24					-		-	-
Reconciliation of
movements in	unrealised
gains on investment assets
Unrealised gains at 01.08.23	Unrealised gains at 01.08.23				16,055	80,856		96,911
Add: Net gain arising on
revaluation in year					-		-	-
Unrealised gains at 31.07.24	Unrealised gains at 31.07.24				16,055	80,856		96,911

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

16. Analysis of net assets between	16. Analysis of net assets between
funds (Continued)	funds (Continued)			Restricted Development			Unrestricted
		Unrestricted		Appeal 1995 Restricted		Appeal 1995 Restricted	Endowment
			Funds	& 2011 Fund	& 2011 Fund	Funds	Funds Funds	Total
	School		£		£	£	£ £	£
	Fund balances at 31.07.24
	are represented by:
	Tangible fixed assets	6,066,079			399,550	389,045	389,045 227,811	7,082,485
	Investments		416,810		-	-	- -	416,810
	Current assets	1,970,871			-	-	- -	1,970,871
	Current liabilities	(3,704,066)			-	-	- -	(3,704,066)
	Long term liabilities	(2,315,945)			-	-	- -	(2,315,945)
	Total Net Assets	2,433,749			399,550	389,045	227,811	3,450,155
	Unrealised gains incl above
	On investments assets					-	- -	-
	Total unrealised gains at					-	- -	-
	31.07.24
	Reconciliation of movements
	in unrealised gains on
	investment assets
	Unrealised gains at 01.08.23					16,055	16,055 80,856	96,911
	Add: Net profit arising on
	revaluation in year					-	- -	-
	Unrealised gains at 31.07.24					16,055	80,856	96,911
Cash generated from operations 17.	Cash generated from operations
						2024	2024	2023
					£	£	£	£
	Net (outgoing) / incoming resources		Net (outgoing) / incoming resources				(1,024,711)	(614,852)
	Adjustment for:
	Finance costs						202,740	198,131
	Investment income						(15,450)	(9,971)
	Gain on investment property	Gain on investment property	Gain on investment property	Gain on investment property	Gain on investment property		-	-
	Depreciation & impairment of tangible fixed assets						289,613	329,646
	Movements in working capital
	(Increase)/decrease in stock						34,981	43,142
	(Increase)/decrease in debtors						(220,964)	(210,807)
	Increase/(decrease) in creditors						2,113,986	240,089
	Cash generated/(absorbed by) from operations		Cash generated/(absorbed by) from operations				1,380,195	(24,622)

Docusign Envelope ID: 21730980-25CF-488A-A8FD-EC4082C0A43D

KIRKHAM GRAMMAR SCHOOL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2024

Operating Lease Commitments

Group and Foundation

Financial commitments under non-cancellable operating leases will result in the following payments falling due in the next financial year.

due in the next financial year.
	Equipment	Equipment
	2024	2023
Expiring:	£	£
Within one year	46,371	47,540
Within two to five years	19,668	66,039
	66,039	113,579

Transactions with Governors and Connected Persons

The aggregate amount of travel expenses reimbursed to various Governors during the year was £Nil (2023: £Nil).

Control

The School was under the control of its Board of Governors throughout this and the previous period.

Related party disclosures

The company and group have taken advantage of the exemption available in FRS102 reduced disclosure framework whereby it has not disclosed transactions between group companies which cancel on consolidation.

Net incoming resources

As permitted by Section 408 Companies Act 2006, the holding company’s statement of financial activities has not been included in these financial statements. The net incoming resources for the financial year is made up as follows:

made up as follows:
	2024	2023
	£	£
Holding Company’s net (outgoing) resources for the
financial year	(987,179)	(586,079)

2024-07-31-accounts

KIRKHAM GRAMMAR SCHOOL

KIRKHAM GRAMMAR SCHOOL CONTENTS

FOR THE YEAR ENDED 31 JULY 2024

KIRKHAM GRAMMAR SCHOOL LEGAL AND ADMINISTRATION DETAILS

FOR THE YEAR ENDED 31 JULY 2024

GOVERNORS

KIRKHAM GRAMMAR SCHOOL LEGAL AND ADMINISTRATION DETAILS

FOR THE YEAR ENDED 31 JULY 2024

KIRKHAM GRAMMAR SCHOOL STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2024

REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR

Operational Performance of the Schools

Senior School Academic Achievements and Performance

Broader Aspects of School Life and Achievements

KIRKHAM GRAMMAR SCHOOL STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2024

Junior, Infant and Pre-School

KIRKHAM GRAMMAR SCHOOL STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2024

Charity and Community

Fundraising Performance

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

KIRKHAM GRAMMAR SCHOOL STRATEGIC REPORT

FOR THE YEAR ENDED 31 JULY 2024

Investment policy and objectives

FUTURE PLANS

M R A Bailey Governor

KIRKHAM GRAMMAR SCHOOL REPORT OF THE GOVERNORS

FOR THE YEAR ENDED 31 JULY 2024

Reference and Administrative Information

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Governing Body

Recruitment and Training of Governors

Organisational Management

KIRKHAM GRAMMAR SCHOOL REPORT OF THE GOVERNORS

FOR THE YEAR ENDED 31 JULY 2024

Group Structure and Relationship

Risk Management

OBJECTS, AIMS AND OBJECTIVES AND ACTIVITIES

Charitable Objects

Public Benefit Aims and Intended Impact

KIRKHAM GRAMMAR SCHOOL REPORT OF THE GOVERNORS

FOR THE YEAR ENDED 31 JULY 2024

Objectives for the Year

Strategies to Achieve the Year’s Objectives

Principal Activities of the Year

Grant-making Policy

Volunteers

KIRKHAM GRAMMAR SCHOOL REPORT OF THE GOVERNORS

FOR THE YEAR ENDED 31 JULY 2024

Statement of Governors’ Responsibilities

Statement of Disclosure to Auditors

Auditor

KIRKHAM GRAMMAR SCHOOL INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND GOVERNORS OF KIRKHAM GRAMMAR SCHOOL

FOR THE YEAR ENDED 31 JULY 2024

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

KIRKHAM GRAMMAR SCHOOL

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND GOVERNORS OF KIRKHAM GRAMMAR SCHOOL

FOR THE YEAR ENDED 31 JULY 2024

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

Responsibilities of Governors

Auditor’s responsibilities for the audit of the financial statements

KIRKHAM GRAMMAR SCHOOL INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND GOVERNORS OF KIRKHAM GRAMMAR SCHOOL

FOR THE YEAR ENDED 31 JULY 2024

Use of our report

KIRKHAM GRAMMAR SCHOOL INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND GOVERNORS OF KIRKHAM GRAMMAR SCHOOL

FOR THE YEAR ENDED 31 JULY 2024

KIRKHAM GRAMMAR SCHOOL STATEMENT OF ACCOUNTING POLICIES

FOR THE YEAR ENDED 31 JULY 2024

Company information

Accounting convention

Going Concern

Transfer of activities

Basis of consolidation