Registered company number (England & Walesl- 06596258 Registered Charity number.. 1125375 BARNARD CASTLE SCHOOL (A Company Limited by Guarantee) GOVERNORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) CONTENTS Page Reference and Administrative Details of the Charitable companyy its Governors and Advisers Chairfs Statement Governors. Report 4-12 Governors. Responsibilities Statement 13 Independent Audltors. Report on the Flnanclal Ststements 14-17 Statement of Financial Activities 18-19 Balance Sheet 20-21 Statgmgnt of Cash Flows 22 Notes to the Financial Statements 23-46 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARABLE COMPANY, ITS GOVERNORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Governors Mrs C J Sunley, Chair Mr N J Bliss, Vice Chair Dr J R Elphick, VI Chair MSSAAAII Mr l M Allison Mr D S Clouston Prof. N M Girdler lappoinled 15 November 20241 Mr N P Hodges, Old Barnardians Club1 Mr P A Kelsall Ms K J Marshall Mr R l Moffatt Mr P D A Mothersill Mr D C Osborne Mr E R Rendall (deaSed 1 January 20261 Ms A E Rhodes Cllr G M Richardson, Durham County Council Iresigned 6 May 202511 Mr D F Starr, Durham University1 Ms D Vinsome Nominated Govemors Company registered number 06596258 Charity registered numbor 1125375 Registered offico Newgate Barnard Castle County Durham DL12 8UN Company secretsry Mrs S M Melcalf The Headmaster Mr D Cresswell Page 1 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS GOVERNORS AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Independent auditors Clive Owen LLP Chartered Accountants and Statutory Auditors 140 Coniscliffe Road Dadington County Durham DL3 7RT Bankers Nalwest Bank PIC 25 High Row Dadington County Durham DL3 7QP Investment Advisers BlackRock Fund Managers Limited 12 Throgmorton Avenue London EC2N 2DL Brewin Dolphin 10 Wellington Place Leeds LS14AN Page 2 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) CHAIR'S INTRODUCTION FOR THE YEAR ENDED 31 AUGUST 2025 The chair presents her statement for the year. The year was one of consolidation and self-evaluation. The well-publicised financial pressures faced by the independent sector had the anticipated negative impact on the School roll. However, rather than waiting for this impact to fully reveal itself, the School look the opportunity to reflect and prepare proactively for such an outcome. The curriculum was carefully reviewed to ensure il remained fit for purpose and capable of equipping young people with the knowledge, skills, and character needed to embrace their futures and make a positive contribution to the world. The efficiencies identified in this review have enabled the School to expand ils academic offerings, introducing additional new courses now available to pupils. In parallel, the cost base was restructured to align with the revised curriculum and anticipated pupil enrolmenl levels. Any organisation, regardless of sector, musl continually seek ways to improve its provision. The School has always sought to operate with openness and transparency and greally values the close partnership it shares with the parent body. In the Trinity Term of the 23124 academic year, the services of MTM, an independent consultancy with extensive experience in the independent school sector, were engaged to conduct an anonymous survey of pupils, staff and parents. The School was delighted by the strong participation from all three stakeholder groups and encouraged by the extent to which the core values of Community, Character and Ambition are recognised and felt across the School. It was also particularly pleasing lo see the high regard in which the School s safeguarding culture is held. The responses resonated strongly with the School's own reflections and have played an important role in informing decisions during the current academic year and in shaping future planning. Daily life al the School continued to flourish, with pupils taking full advantage of the wide range of activities and opportunities on offer. While it would be impractical lo list every activity and achievement of the pupils, this report aims to provide a flavour of the year by highlighting some of ils most notable moments. Whilst the School continues to address the financial impact of the changes imposed upon the sector, the Governors recognise that much of the financial burden has been borne by the parent body. They would therefore like to express their sincere thanks to parents for their continued support and commitrnenl to the School. Finally, il is the dedication and professionalism of the staff that truly define the School. Their efforts ensure that it remains a nurturing, challenging and inclusive environment in which every pupil is encouraged to thrive, explore and achieve their fullest potential. The Governors would once again like lo thank each member of staff for their dedication and their unwavering commitment lo maintaining the highest standards. Cth£tL £w7d nèr ID. OOY7EGHGL4... rs C J Sunley Chair of Governors Dale". 22-05-2026 UT Page 3 ID.. a8trA1d8•2¢18efdb71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Objectives and Activities Charitable Objects and Aims Barnard Caslle School is a charitable company limited by guarantee, which owns all the land, buildings and other assets of the School. 11 is registered with Companies House (Company Number 065962581 and with the Charity Commission (Charity Number 11253751. The Charitable Objects are to advance education, in particular but not exclusively through the provision of a School in or near Barnard Castle, County Durham and lo give religious education in the School in accordance with Christian principles, and to provide facilities in the interests of social welfare for the education, recreation or other leisure activities of the public al large. Charitable Purpose We aim lo provide an outstanding co-educational day and boarding education, with a commitment lo nurturing ambition, aspiration, character, and community. We strive lo inspire young people to fulfil their polenlial, regardless of background, by offering a broad and balanced curriculum, exceptional pastoral care, and extensive co-curricular opportunities. Our purpose is lo inspire ambition and build character within a down-tarth, inclusive community where everyone belongs, and where hard work and good humour thrive. We believe that a happy and safe environment fosters the love of learning. At the heart of our School ethic is the belief that every pupil should be inspired lo achieve their personal best whilst developing the resilience, integrity, and empathy required lo contribute meaningfully lo society. Independent Schools Inspectorate A Focused Compliance and Educational Quality Inspection of both the Senior and Prep Schools was undertaken by the ISI {Independenl Schools Inspecloratel in April 2023. In addib'on lo meeting all Complian measures, the inspectors awarded the School the lop rating of 'Excellenl' for both 'Academic Achievement, and 'Personal Development,. Curriculum The School's Motto from its inception in 1883.. PARVIS IMBUTUS TENTABIS GRANDIA TUTUS When you are steeped in little things you wll safely attempt great things The School's purpose is achieved with a curriculum which.. promotes academic rigour., incorporates sport, music and drama". and provides an extensive co-curricular programme designed to stimulate the mind, body and soul., all of which is underpinned by robust pastoral care. Page 4 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) GOVERNORS. REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Objectives and Activities {continued) Academic The focus to continually develop and enhance the academic achievement of all our students is a strategic priority. We are a school of broad entry, and our objective is lo ensure that every pupil realises their polenlial. The 2025 results reflect this shared commitment and importantly show a continued upward posib've trajectory with our students showing a performance increase over last year in every grade category. The A level results demonstrated an enhancement in subject understanding and the effectiveness of a robust, well-slruclured curriculum aligned with assessment demands. Each grade level showed an impressive improvement over 2024 and 2023 with A" results up by 50/0 on 2024, and A"_C results exceeding those in 2024 The 2025 GCSE'S present a similar picture with an improved performance in each grade level and of note, a 60/0 increase in the A'_C results. The School's core values and purpose continue to ensure that all children are supported including those with specific educational needs,. an ethos which is underpinned by the education of our whole community lo understand and appreciate cognitive diversity. Cambridge University played host to our Academic Scholars, allowing them to attend lectures across a range of departments and engaging with current undergraduates and academics. CtFcurricular Programme and House Activities The C¢>Curricular Programme and House Activities are central to life al Barney, with participation regarded as a core expectation for all pupils. These opportunities enable pupils to develop their character, broaden their interests, and acquire new skills. In the Prep School, the programme is organised into three groups - ReptIOn Years 112,. Years 314,. and Years 516- allowing staff lo tailor provision appropriately to each age range. Within each group, pupils can choose from up to eight different clubs and activities each day, all designed lo encourage personal growth, creativity, and enjoyment. In the Senior School, pupils in Years 7 and 8 follow a "Mind, Body, Soul programme, rotating through a variety of activities every five to six weeks. This structure ensures exposure lo a broad and baland range of experiences. Pupils in Years 13 allend a "signing-on. session al the start of each term, where they select from an extensive co-curricular programme for the term ahead, consisting of more than 70 different options. Page 5 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) GOVERNORS. REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Objectives and Activities {continued) Sport Sport remains a core pillar of school life, with 980/0 of Year 7-10 pupils representing Barney in a competitive fixture during the Michaelmas term. In the Prep School, this same level of participation was achieved across a broad range of sports. The resilience, courage, teamwork, camaraderie and humility demonstrated by the pupils in their sporting endeavours continues lo impress. Their hard work and dedication both within and out of School have resulted in many triumphs, a few of which are detailed below. Rugby.. U18s and U16s were crowned County 7s champions whilst a number of pupils achieved selection for Newcastle Falcons and Yorkshire Academy. Squash.. the senior girfs, squash team reached the National Trophy Finals, finishing as runners-up. Cricket.. the School was awarded the prestigious North East Regional Winner of the Foty Club Shield, presented at Lord's Cricket Ground, marking the School's excellence in cricket. Cricket.. Barnard Castle School is recognised as one of the lop 100 schools for cricket in the UK by the Cricketer magazine. This prestigious accolade highlights the School's commitment lo eXllen and ils outstanding success in the sport. Hockey.. 31 pupils were selected for Durham County Hockey with 1 pupil also playing for the UK Lions. Netball.. 15 pupils were selected to play for the County, 2 pupils represented the region, and 1 pupil joined the Leeds Rhinos Academy. Golf.. 1 pupil qualified for the Champions of Champions Invitational in Ireland whilst another pupil won the National Faldo's Futures Competition and will be heading lo Calrfornia for the World final. Football.. a pupil was selected for the Newcastle United Performance Cenlre. Cross<ounlry'. numerous athletes qualified and succeeded in key County competitions. Page 6 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) GOVERNORS. REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Objectives and Activities {continued) Music and Drama Music and Drama play an important role in the School's character education and continue lo engage pupils, with strong support for School productions and the various choirs, bands, and ensembles. These groups perform regularly both within the School and at external events. The Chapel Choir reached a significant milestone with over 140kn of the entire Senior School now involved. This growth reflects both the quality of the programme and the enthusiasm of our students lo engage in musical excellence. This passion for excellence was amply demonslraled by the music exam results where 640/0 of the pupils gained Dislinclion. During the Lent Term, the School resonated with music as pupils and staff came together for a spectacular six- day festival. This celebration, spanning the entire School, showcased an impressive breadth of musical talent and united the community through a shared appreciation of performance. The festival featured a diverse programme, ranging from solo recitals lo full ensemble performan$. These concerts provided pupils of all ages-and staff-wilh the opportunity lo perform and enjoy live music in a supportive and vibrant setting. The event not only celebrated musical excellence bul also strengthened the sense of community, leaving audiences both impressed and inspired. Following the Festival of Music, the School musical Sister Act was performed lo full houses. The production highlighted the energy, commitment, and enthusiasm of the pupils, providing a fi'tting continuation of an oulslanding term of performance. Combined Cadet Force ICCFI CCF offers pupils a broad range of challenging, exciting, adventurous, and educational activities aimed at developing personal responsibility, leadership, and self-discipline. The cadets enjoyed a variety of field days and residential weekends, including.. A 13-day RAF cadet overseas expedition to Cyprus offered cadets an eXptIOnal opportunity for international training and cultural enrichment. 17 cadets engaged in a 0-daY laclical training weekend on the Catterick Training Area. RAF cadets allended a gliding experience day al RAF Topcliffe. The training facilities al RAF Leeming allowed pupils lo earn the prestigious Blue and Bronze Wings. A pupil successfully completed the Lord Lieutenant's cadet selection prOsS and was formally invested as one of the Lord Lieulenanl's Cadets for County Durham and Teesside. Duke of Edinburyh Award The Duke of Edinburyh's Award programme continues to be very popular with pupils, with 150 currently participating. During the year, 66 pupils in Years 11 and 12 completed expedition training. In addition, 7 pupils achieved the Gold Award, 32 the Silver Award, and 22 the Bronze Award. Page 7 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) GOVERNORS. REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Objectives and Activities {continued) Welfare The School is committed to safeguarding and promoting the welfare of its pupils and staff and expects all members of the School community lo share this commitment. Ils objective is to foster a culture in which pupils, staff, and parents feel able lo speak openly and confidently, secure in the knowledge that they will be listened lo and supported. The School aims lo nurture self-aware pupils who are empalhelic, possess a strong sense of perspective and gralilude, and understand the Importan of maintaining good mental health. Pupils are encouraged lo develop habits of self-reflection, lo set personal goals, and to review their progress regularly. Wellbeing is embedded within the curriculum through themed lessons and structured programmes. In both one- lo-one sessions with tutors and group settings, pupils explore topics such as mental health, equality, and diversity. This provision is further enhanced by a varied and inspiring programme of visiting speakers. Parent and Alumni Engagement The School prides itself on its values of openness, transparency and trust and values its partnership with the parent body and Alumni. The responses from the anonymous parent survey were ovetwhelmingly positive and have played an important role in guiding the strategic decisions of the School. Through a slruclured programme of communications, events, and partnership initiatives, the School has extended its reach both nationally and internationally while strengthening the sense of community that defines the Barnardian neork. Participation in these events and gatherings, both locally and overseas, reflects the enduring connection that alumni maintsin with the School. Public Benefit The Governors confirm that they have complied with their duty to have due regard lo the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant. Advance of Education The School's key public benefit is delivered through the provision of education for its pupils. Transfomiational Bursaries and Scholarships Providing acSS lo children regardless of their financial means has been a core principle of the School since 1883, when this commitment was first enshrined in its governing document. Although the School does not benefit from a substantial financial endowment, il continues to support pupils through the provision of bursaries and scholarships. Parents are encouraged lo apply for bursaries, which are awarded following a fair and rigorous means-tesling process. Financial assessments are reviewed annually to ensure that support remains appropriate lo each family's circumstances. Page 8 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) GOVERNORS. REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Objectives and Activities {continued) Support ofthe Local Community The School is committed to making its facilities available to support the local community wherever il is practicable. In doing so, il aims to make a positive and valued contribution while promoting the advancement of education and social welfare. During the year, the School has continued lo provide facilities and support to a number of public organisalions including.. Use of the School's sports facilities provided to.. Raby Castle Cricket Club Barnard Castle Cricket Club Middleton Cricket Club Glaxo Squash Club Glaxo Football Club Durham Palatinates Netball Club Classic Car Show North-East Netball Club Teesdale Operatic Society Durham County School Cross Country Pony Club Triathlon Durham County Cricket (various ages) Scottish Exiles North-East Pentathlon Durham City Satellite Hockey Club Durham County Cricket Professional development: Hosting professional development opportunities for teachers and support staff from other schools. Governors and staff serve on the Governing Bodies of various maintained schools. The School provides many examiners lo the main examination boards and one of its Heads of Department advises Durham University on PGCE applicants. Hosting events: The Festival Weekend, held in the Michaelmas term, welcomed 37 teams from both the independent and state sectors for rugby and hockey, attracting an audience of over 1,000 spectators. Summer Activity Weeks for children beeen the ages of 4 and 11 continue lo be open lo the whole community. Use of the School's facilities: Duke of Edinburyh's Award local assessors use the School as a meeting place for coordination and planning. Barnard Castle School Choral Society use the School Chapel. The Chapel is available for use by the community and visitors are encouraged on Heritage Open Days. The School makes additional parking available without charge lo the Bowes Museum on busy occasions and for special exhibitions. Further, the School is a designated place of safety for the Bowes Museum's collection of art and artefacts. The School's playing fields are used as landing zones for helicopters carrying members of the Royal Family and other dignitaries to local engagements. In addition to the above, the Activity Programme provides an opportunity for all pupils and staff lo provide a service lo the wider community with activities such as planting hedgerows, litter picking, and organising fund- raising events. During the year, pupils raised more than £7,000, which was donated to eight different charities, both local and national. Page 9 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) GOVERNORS. REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Financial review Trading Performance The introduction of VAT, in line with the independent schools, sector, had a negative effect on pupil numbers and consequently on income levels. Due lo the largely fixed nature of the School's cost base, il was not possible lo implement sufficient reductions in expenditure within the year to offset this decline. As a result, the School reported a net loss before exceptional items of £833,273, compared with a loss of £25,832 in the previous year. Proactive measures have been undertaken during the year to increase income and reduce the cost base, with the objective of returning the School lo profitability. Reserves and Investment Policy The policy of the School is lo achieve an annual operating surplus which secures ils future financial viability and allows continued investment in its infrastructure. As al 31 August 2025, the School held fund balances of £9,922,120 comprising £9,284,669 unrestricted funds, £591,576 reslricled funds and £45,875 endowment funds. After making appropriate enquiries the Governors have a reasonable expectation that the School has adequate resources lo continue in operational existence for the foreseeable future. Investment Policy The Governors, investment powers are derived from the powers vested in them under the School's Articles of Association and they have delegated the management of the investment portfolio lo Brewin Dolphin and BlackRock. The Governors, investment policy is lo adopt a low lo medium risk investment strategy. Risk Management The Governors have a duty lo identify and review the risks lo which the Charity is exposed and lo ensure that appropriate controls are in place lo provide reasonable assurance against the principal risks faced by the School. The School maintains an up-lo-dale Risk Register covering the key areas of risk lo its ongoing operations, which is reviewed at each meeting with Governors. The principal risks faced by all Schools relate lo the protection and safeguarding of their pupils, staff, and assets. Procedures and systems designed to identify, assess, and mitigate these risks are regularly reviewed and updated. The key financial risk facing the School al present is the potential impact of the financial pressures alluded to earlier in this report. This management of this risk is of paramount importance lo the Governors and the Head. Liquidity is managed through a combination of loan financing for long-term projects and the prudent use of cash resetves lo manage short-lerm fluclualions in monthly cash flow. Future Plans The School's Strategic Plan, supported by the Development Plan and Capitsl Plan, articulates the vision and priorities of the Headmaster and Senior Management Team for the next five lo len years. These documents are regularly reviewed and updated and enjoy the full support of the Governing Body. The Plans incorporate a degree of flexibility to accommodate unforeseen events, ensuring a balanced approach beeen ongoing investment in the School's growth and development and its long-lerm financial suslainabilily. The immediate priority is to ensure the continued sustainability of the School within the current economic environment. Page 10 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) GOVERNORS. REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 structure. governance and management Governing Document The governan of the Charity is sel out in its governing document, the Memorandum and Articles of Association. The Charity is a limited company, limited by guarantee, as defined by the Companies Act 2006. The most rent amendment lo the Articles of Association was made on 13th September 2019 when the current Articles of Association were adopted. Board of Trustees The School is governed by a Board of Governors Ilhe Board), comprising Foundation Governors who are appointed by a resolution of the Board, and Nominated Governors who are nominated by the relevant organisalions listed in the Articles of Association and appointed by a resolution of the Board. The Board of Governors identifies suitable Foundation candidates who possess the skills and experience aligned with the School's needs and who will contribute lo maintaining a balanced, diverse, and effective Board. A Governors, skills matrix is maintained to ensure that recruilmenl meets the core requirements.. responsible individuals with a genuine interest in the School, sufficient time to fulfil their duties, and complementary expertise that adds value to the Board. The Governors all give their lime freely and accordingly no remuneration was paid in the year. Details of any expenses and related party transactions are disclosed in note 30 to the Accounts. Governor Training All new Governors receive a copy of the School's Governor Handbook and undergo a comprehensive induction, which includes a full lour of the School, meetings with key management and staff, and engagement with a range of students. Governor training is an ongoing process, supported through internal sessions as well as external training programmes and best-praclice resources provided by organisalions such as AGBIS. All Governors regularly undertake a self-review, and the Governing Body conducts a general audit alongside individual skills assessment. This process enables the evaluation of each Governor's contribution and helps lo identify any emerging requirements or additional training needs. Day to Day Management The Board sets the overall policy and strategic direction of the School in close collaboration with the Head and Senior Management Team, who are responsible for implementing and administering these policies across both the Senior and Prep Schools. Day-to-day management is delegated to the Head, who provides key leadership and oversight of the School's educational, pastoral, and administrative functions, supported by the Senior Management Team. Page11 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) GOVERNORS. REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 structure. governance and management Icontinuedl Governor Meetings The full Board of Governors meets formally four limes a year with the Head and the Senior Management Team in allendance. The purpose of the meetings is lo determine, agree and ensure effective implementation of the strategic direction, general policies and procedures and to maintain financial oversight of the School. To facilitate this process and to ensure optimal oulpul, three commillees have been established, each of which meets al least once a term. The members of the committees are selected for their specific relevant expertise and are allocated individual areas of responsibility. The three commillees are as follows.. Education Finance & Operations {including Risk and Audit} steering Two sub<ommillees, namely, safeguarding and EDI (Equality, Diversity and Inclusion), sit within the Education committee. The Terms of Reference of each committee are reviewed annually by the full Board. Pay Policy for Senior Staff The remuneration of the Head is sel by the Chair and Vice Chairs of the Board. Senior management salaries are sel by the Head and reviewed by the Finance & Estates Committee using a set of diverse criteria including, inter alia, benchmark reports provided by sector associations such as AGBIS, IAPS and the ISC, together with those of respected consultants within the sector. Oisclosure of infomiation to auditors Each of the persons who are Governors al the time when this Governors, Report is approved has confirmed Ihal.. so far as that Governor is aware, there is no relevant audit information of which the charity's auditors are unaware, and that Governor has taken all the steps that ought to have been taken as a Governor in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information. Auditors The auditors, Clive Owen LLP, have indicated their willingness lo continue in offi. The designated Governors will propose a motion reappointing the auditors al a meeting of the Governors. Approved by order of the members of the Board of Governors on their behalf by.. 22-05-2026 UTC and signed on tapgE s¥ttw' Chair Page 12 ID.. a8trA1d8•2¢18efdb71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) STATEMENT OF GOVERNORS. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The Governors Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for preparing the Govemors, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generalty Accepted Accounting Practice). Company law requires the Governors lo prepare financial statements for each financial year. Under company law, the Governors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of ils incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these financial statements, the Governors are required to.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles of the Charities SORP IFRS 1021", make judgements and accounting estimates that are reasonable and prudent", stale whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial ststemenls., 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 are sufficient to show and explain the charitable company's transactions and 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. They are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The Governors are responsible for the maintenance and integrity of the Charity and financial information included on the Charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial stalemenls. In so far as the Governors are aware.. there is no relevant audit information of which the charity are unaware., and the Governors have tsken all steps that they ought to have taken lo make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Approved by order of the members of the Board of Govemors on on Its behalf by.. 22-05-2026 UTC and signed ner ID. OOY7EGHGL4.. plrs C J Sunley Chair Page 13 ID.. a8trA1d8•2¢18efdb71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BARNARD CASTLE SCHOOL Opinion We have audited the financial statements of Barnard Castle School (the 'charitable company'l for the year ended 31 ALJgust 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, 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 Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and of ils 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 Generally Accepted Accounting Practice,. and have been prepared in accordance with the Companies Act 2006, Charits'es Act 2011 and SORP. 8asls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wrth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial ststemenls, we have concluded that the Governors, use of the going concern basis of accounting in the preparation of the financial ststemenls 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 signifi'cant doubt on the charitsble company's ability lo continue as a going concern for a period of al least twelve months from when the financial ststemenls are authorised for issue. Our responsibilities and the responsibilities of the Governors with respect lo going concern are described in the relevant sects'ons of this report. Page 14 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BARNARD CASTLE SCHOOL ICONTINUEDI Other information The other information comprises the information included in the Annual Report other than the financial statements and our Auditors, Report thereon. The Governors 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 lo the extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materialty 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 misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Opinion 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 Governors. Report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Govemors, Report has been prepared in accordance with applicable legal requirements. atters on which we are required to report by exception In the light of our knoedge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstslements in the Governors, Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of Governors, remuneration specified by law are not made," or we have not received all the infom)ation and explanations we require for our audit. Responsibilities of Governors As explained more fulty in the Governors, Responsibilities Statement, the Governors (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the Governors determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Govemors are responsible for assessing the charitable 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 charitable company or to cease operab'ons, or have no realistic alternative but to do so. Page 15 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BARNARD CASTLE SCHOOL ICONTINUEDI Our re$ponsibilitie$ 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 lo issue an Auditors, 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 IUKI 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 lo 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, oullined above, lo delect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detailed below.. We undertake the following procedures to identify and respond to these risks of non•compliance'. Understanding the key legal and regulatory frameworks that are applicable to the charitsble company . We communicated identified laws and regulations throughout the audit team and remained alert lo any indications of non-compliance throughout the audit. We determined the most significant of these lo be around employment law, charity law, company law, health and safety law, food and hygiene regulations, laxalion law, Independent Schools Regulator and GDPR. Enquiry of Governors and management as to policies and procedures to ensure compliance and any known instances of non-complianee. Review of board minutes and correspondence with regulators. Enquiry of Governors and management as lo areas of the financial ststemenls susceptible to fraud and how these risks are managed. Challenging management on key eslimales, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies. Identifying and testing unusual journal entries, with a particular focus on manual ioumal entries. Through these procedures, we did not become aware of actual or suspected non-compliance. We planned and performed our audit in accordance with auditing standards but owing lo the inherent limitslions of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misslatemenl in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial slalemenls, the less likely we would become aware of it. The risk of not detecting a material misslalemenl due to fraud is higher than the risk of not delecling one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-complian and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. www.frc.or .uklauditorsres onsibililies. This description forms part of our Auditors, Report. Page 16 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BARNARD CASTLE SCHOOL ICONTINUEDI Use of our report This report is made solely to the charitable company's members, as a body, in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's members those mallers we are required lo stale lo 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 charitable company and ils members, as a body, for our audit work, for this report, or for the opinions we have formed. VMLLrtiK HobcLfft I*Sklh VIS8¥8HVccA (Senior Ststutory Auditor) for and on behalf of Clive Owen LLP Chartered Accountants and Stslutory Auditors 140 Coniscliffe Road Dadington County Durham DL3 7RT Dale.. 22-OS-2026 UTC Page 17 ID.. a8trA1d8•2¢18efdb71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted funds 2025 Restricted funds 2025 Endowment funds 2025 Total funds 2025 Total funds 2024 Note Income and endowments from: Donations and legacies Charitable activities". School fees Other income Cost of providing school buses 27,122 27,122 11,851 13,239,279 33,030 13,239,279 33,030 13,834,321 39,028 178,1361 11,243,864) 194,519 118,434 178,1361 114,9551 11,243,864) 11,330,351) 194,519 204, 182 125,118 164,502 Remissions Other trading activities Investments 6,684 Total 12,290,384 6,684 12,297,068 12,908,578 Expenditure on: Raising funds Charitsble activities.. 34,599 4,477 39,076 51,705 Teaching and governance Premises Welfare Other charitable activities 7,060,816 3,059,233 1,095,361 7,060,816 3,059,233 1,095,361 7,285,426 2,968,843 1,351,403 1,843,340 5,348 1,848,688 1,295,079 Total 13,093,349 9,825 13,103,174 12,952,458 Net expenditure before net Ilossesllgains on investments Nel gainslllossesl on investments 1802,9651 13,1411 1806,1061 143,8781 127,1671 127,1671 18,046 Net expenditure before taxation 1802,9651 130,3081 1833,2731 125,8321 1,568,900 Exceptional items Net income Transfers beeen funds 1802,9651 130,3081 1833,2731 1,543,068 24 18,118 118,1181 Net movement in funds 1784,8471 148,4261 1833,2731 1,543,068 Page 18 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted fLJnds 2025 Restricted fLJnds 2025 Endowment fLJnds 2025 Total fLJnds 2025 Total fLJnds 2024 Note Reconciliation of funds: Total funds brought forward Nel movement in fijnds 10,069,516 1784,8471 640,002 148,4261 45,875 10,755,393 1833,2731 9,212,325 1,543,068 Total funds carried forward 9,284,669 591,576 45,875 9,922,120 10,755,393 The notes on pages 23 to 46 form part of these financial statements. Page 19 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) REGISTERED NUMBER: 06596258 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Note Fixed assgts Intsngible assets Tangible assets Investments 14 53,114 10,143,839 544,576 79,795 10,596,577 573,879 15 16 10,741,529 11,250,251 Current assets Stocks Debtors Cash al bank and in hand 17 41,550 1,042,966 3,366,672 62,002 617,929 4,646,067 18 4,451,188 5,325,998 Current liabilities Creditors.. amounts falling due within one year 19 13,636,086) 14,034,632) Net Current assets 815,102 1,291,366 Totsl assets loss curront liabilities 11,556,631 12,541,617 Creditors.. amounts falling due after more than one year 20 11,634,511) 11,786,224) Net as$et$ excluding pension asset 9,922, 120 10,755,393 Totsl net assets 9,922, 120 10,755,393 Page 20 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) REGISTERED NUMBER: 06596258 BALANCE SHEET ICONTINUED) AS AT 31 AUGUST 2025 2025 2024 Note Charity funds Endowment funds Reslricled funds Unrestricted funds 24 24 45,875 591,576 9,284,669 45,875 640,002 10,069,516 24 Total funds 9,922,120 10,755,393 The Govemors acknowledge their responsibilities for complying with the requirements of the Act wlh respect to accounting records and preparation of financial statements. The financial statements were approved and authorised for and signed on their behalf by. issue by the Governors on 22-OS-2026 UTC HGL4.. ey Chair Page 21 ID.. a8trA1d8•2¢18efdb71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Note Cash flows from operating activities Nel cash used in operating activities 26 1822,6431 3,297,892 Cash flows from investing activitios Purchase of intangible assets Purchase of tangible fixed assets Proceeds from sale of investments Purchase of investments Dividend income Interest received 19201 15,5201 1488,4231 11,025,250) 244,662 43,612 1218,9771 151,8911 6,684 53,276 118,434 111,226 Net cash used in investing activities 1338,5401 1874,5471 Cash flows from flnanclng actlvltles Loan repayments In year Capital repayments in year Repayments of finance leases 112,2661 197,3681 18,5781 149,5231 197,3681 1110,0161 Net cash used in financing activities 1118,2121 1256,9071 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 11,279,395) 4,646,067 2,166,438 2,479,629 Cash and cash equivalents at the end of the year 27 3,368,672 4,646,067 The notes on pages 23 to 46 form part of these financial statements Page 22 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies 1.1 Basls of preparatlon of flnanclal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191 and the Companies Act 2006. The financial statements have been prepared under the historial cost convention with the exception of investments which are included al market value. There were no material departures from the stsndard. Barnard Castle School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. The principal accounting policies adopted in the preparation of the financial statements are sel out below and have remained unchanged from the previous year, and also have been consislenlly applied within the same accounts. The financial statements are reported in £ sterling. 1.2 Income All income is recognised once the charitsble company has entitlement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probabilty of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charitsble company has sufficient evidence that a gift has been left lo them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the eslale. Receipt of a legacy must be recognised when il is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount lo be distributed to the charitable company, can be reliably measured. 1.3 Expendlture Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefi't to a third paty, it is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that aclivily. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. Expenditure on raising funds includes all expenditure incurred by the charitable company lo raise funds for its charitable purposes and includes costs of all fundraising activities events and non- charitable trading. Expenditure on charitable activities is incurred in directly undertaking the activities which further the charitable company's objectives, as well as any associated support costs. Page 23 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 1.3 Expenditure {continued) Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charitable company lo that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consislenl with the use of resources. 1.4 Tangible fixed assets and depreciation No depreciation is provided on freÈhold12nd. Tangible fixed assets are measured al cost less accumulated depreciation and impairment. Depreciation is provided al rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the followng basis.. Freehold property Plant and machinery Motor vehicles Fixtures and fittings Building alterations Computer equipment 20/0 Straight line 50/0 Straight line 10 25% straight line 5 . 33D/D straight line 2 . 20D/D straight line 20 . 330A straight line 1.5 Intangible assets and amortisation Intangible 2ssels are inilialty recognised at cost and subsequenlly slated al cost net of amortisalion and any provision for impairment. Intangible assets are being amortised over their expected useful lives on the following slraighl line basis". Amortisalion is provided on the following basis". Computer SofbNare 20 250/0 Straight line 1.6 Stocks Stocks are valued at the lower of cost and estimated selling price less costs lo sell. 1.7 Taxation The charitable company is exempt from corporation lax on its charitable aclivilies. From 1 January 2025, the income of the charitable company is subject to VAT. Page 24 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 1.8 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Governors in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by donors or which have been raised by the charitable company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. Endowment funds represent the permanent funds of the School. All income generated by these funds are unrestricted and used for the purpose of the School. Investment income, gains and losses are allocated to the appropriate fund. 1.9 Pensions For leaching staff, the charitable company exited the Teachers, Pension Scheme I'TPS l on 31 August 2024. The Charity now operates a defined contribution pension scheme with Royal London Group for teaching staff. For non-teaching staff, the charitable company operates a defined contribution scheme with The Pensions Trust. 1.10 Investments Investments are stated at market value al the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. 1.11 Provisions Provisions are recognised when there is an obligation at the Balance Sheet dale as a result of a past event, for which il is probable that a transfer of economic benefit will be reqLJired in settlement and the amount of the settlement can be eslimaled reliably. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discoLJnt is recognised in the Statement of Financial Activities as a finance cost. 1.12 Operating leases Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. Page 25 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 1.13 Financial instruments The Charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the School and their measurement basis are as follows.. Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 18. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured al face value. Financial liabilities trade creditors, accruals and other creditors are financial inslrumenls, and are measured at amortised costs as detailed in notes 19 and 20. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed lo be a financial liability, as the cash settlement has already taken place and there is an obligation lo deliver services rather than cash or another financial instrument. 1.14 Hire purchase and leasing commitments Assets obtained under hire purchase contracts and finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their eslimaled useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is Irealed as a liability. Critical accounting estimate$ and areas of judgement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of fijture events that are lieved to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The School makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Bad debt provision the full provision provides for 1000/0 of balances that are not considered to be recoverable. The total bad debt provision within the financial statements is £225,40312024.. £228,407). Page 26 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from donations and legacies Unrestricted funds 2025 Total funds 2025 Total fLJnds 2024 Donations 27,122 27,122 10,851 1,000 Legacies Total 2025 27,122 27,122 11,851 Total 2024 11,851 11,851 Income from other tradlng actlvltles Unrestricted funds 2025 Total funds 2025 Total funds 2024 Lettings and event income 194,519 194,519 204, 182 Total 2025 194,519 194,519 204,182 Total 2024 204, 182 204,182 Investment income Unreslricled funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Investment income from listed investments 6,684 6,684 118,434 53,276 111,226 Deposit account interest 118,434 Total 2025 118,434 6,684 125,118 164,502 Total 2024 111,226 53,276 164,502 Page 27 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from charitable activities Unrestricted funds 2025 Total funds 2025 Total fLJnds 2024 School fees other income Nel cost of providing school buses Remissions 13,239,279 13,239,279 13,834,321 33,030 33,030 39,028 178,1361 178,1361 114,9551 11,243,864) 11,243,864) 11,330,351) Total 2025 11,950,309 11,950,309 12,528,043 Total 2024 12,528,043 12,528,043 Page 28 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Raising fund$ - expenditure Other trading activities Unreslricled funds 2025 Restricted funds 2025 Total funds 2025 Total fLJnds 2024 Lellings and event costs Investment management fees 34,599 34,599 4,477 48,881 2,824 4,477 34,599 4,477 39,076 51,705 Total 2024 48,881 2,824 51,705 Analysis of charitable expenditure by activities Direct costs 2025 Support costs 2025 Total funds 2025 Total funds 2024 Teaching and Governance Premises 6,878,057 2,090,471 1,095,361 1,776,890 182,759 968,762 7,060,816 3,059,233 1,095,361 1,848,688 7,285,426 2,968,843 1,351,403 1,295,079 Welfare other 71,798 11,840,779 1,223,319 13,064,098 12,900,751 Total 2024 11,725,141 1,175,610 12,900,751 In 2025 of the total charitable expenditure of £13,064,098 12024". £12,900,751), £13,058,750 12024". £12,895,404) was lo unrestricted funds, £5,348 12024". £5,347) was lo restricted funds and £Nil 12024." £Nill was to endowment funds. Page 29 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of charitable expenditure by activities Icontinuedl Analysis of direct costs Teaching and Govemance 2025 Total funds 2025 Total fLJnds 2024 Premises 2025 Welfare 2025 Other 2025 Staff costs Teaching reSoUrS 6,322,801 882,448 514,476 1,218,590 8,938,315 8,596,662 264,768 264,768 294,909 Premises and grounds Rates Insuran Light, heat and water Other leaching costs 124,400 225,665 136,312 124,400 225,665 157,284 142,005 144,223 128,381 20,972 279,514 279,514 310,904 148,989 120,527 148,989 120,527 553,745 5,264 21,876 79,510 362,622 234,487 147,310 568,034 7,296 20,926 85,566 440,806 Travel Catering Laundry Nursing Cleaning Maintenance 553,745 5,264 21,876 79,510 362,622 Marketing and development IT costs Administration 303,894 122,926 133,548 23,109 125,1751 303,894 122,926 133,546 23,109 125,1751 182,103 141,898 108,191 65,740 105,700 Recruilmenl Bad debts 6,878,057 2,090,471 1,095,361 1,776,890 11,840,779 11,725, 141 Total 2024 7,013,597 2,132,443 1,351,403 1,227,698 11,725,141 Page 30 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of charitable expenditure by activities Icontinuedl Analysis of support costs Teaching and Governance 2025 Total funds 2025 Total fLJnds 2024 Premises 2025 Other 2025 Depreciation and amortisalion Bank charges Bank interest Leasing interest Unrecoverable VAT Loss on disposal of fixed assets Governance costs 946,590 946,590 17,500 40,647 1,079 12,572 22,172 182,759 836,400 16,995 47,368 3,018 17,500 40,647 1,079 12,572 22,172 182,759 271,829 182,759 968,762 71,798 1,223,319 1,175,610 Total 2024 271,829 838,400 67,381 1,175,610 Net incomel{expenditurg) Nel incomellexpendilurel is slated after chargingllcreditingl.. 2025 2024 Auditors, remuneration Depreciation - owned assets Depreciation - assets on finance lease Loss on disposal of fixed assets Computer Soare amortisalion Operating lease payments 17,000 912,107 6,882 22,172 27,601 80,707 17,000 753,534 53,668 27,198 88,208 Page 31 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Auditors. remuneration 2025 2024 Fees payable lo the charitable company's auditor for the audit of the charitable company's annual accounts Fees payable lo the charitable company's auditor in respect of.. All taxation advisory services not included above All non-audil services not included above 17,000 17,000 700 4,866 600 2,960 11. Governors. remuneration and benefits During the year, no Governors received any remuneration or other benefils12024 - £NILI. During the year ended 31 August 2025, travel expenses, being the only expenses reimbursed lo Governors, lotalled £1,795. These were reimbursed or paid ditY lo 3 Governors12024 - £3,214 10 4 Governors). 12. Staff costs 2025 2024 Wages and salaries Social security costs Other pension costs 7,357,635 765,475 815,205 6,762,673 671,879 1,162,110 8,938,315 8,596,662 Redundancy payments of £201,52012024'. £NILI were made in the year. The average number of persons employed by the charitable company during the year was as follows.. 2025 No. 2024 No. Teaching Support Welfare Premises 115 24 29 38 27 28 38 204 206 Page 32 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Staff costs (continuedl The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2025 No. 2024 No. In the band £60,001- £70,000 In the band £70,001 £80,000 In the band £80,001 - £90,000 In the band £110,001- £120,000 In the band £140,001- £150,000 In the band £150,001- £160,000 Pension contributions of £170,824 12024". £116,963) were made lo defined contribution schemes on behalf of these employees. The total amount of employee remuneration and benefits lincluding employer national insurance and pension contribulionsl received by key management personnel for their services to the School was £925,43212024. £722,244). 13. Exceptional items 2025 2024 LGPS exil repayment 1,568,900 The Charity exited the LGPS, a funded defined benefit pension scheme, with assets held in separate government-adminislered funds, on 10 March 2023. During 2024, the Charity received a repayment of £1,568,900 from Durham County Council in relation lo the exil. This was shown as an exceptional item on the Statement of Financial Aclivilies. Page 33 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Intangible assets Computer software Cost At 1 September 2024 Additions 148,692 920 At 31 August 2025 149,612 Amortisation At 1 September 2024 Charge for the year 68,897 27,601 At 31 August 2025 96,498 Net book valuo At 31 August 2025 53,114 At 31 August 2024 79,795 Page 34 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Tangible fixed assets Freehold property Plant and Fixtures and machinery fittings Motor vehicles Computer equipment Total Cost or valuation At 1 September 2024 Additions Disposals 16,142,182 290,738 122,7971 1,015,714 2,430,606 93,683 64,541 885,006 20,538,049 104,002 488,423 122,7971 At 31 August 2025 16,410,123 1,015,714 2,524,289 64,541 989,008 21,003,675 Depreciation At 1 September 2024 Charge for the year On disposals 7,033,905 593,337 16251 386,801 50,788 1,738,690 143,348 29,522 6,007 752,554 125,509 9,941,472 918,989 16251 At 31 August 2025 7,626,617 437,589 1,882,038 35,529 878,063 10,859,836 Net book valuo At 31 August 2025 8,783,506 578, 125 642,251 29,012 110,945 10,143,839 At 31 August 2024 9,108,277 628,913 691,916 35,019 132,452 10,596,577 Included in cost of freehold propety is freehold land of £55,24012024.' £55,240) which is not depreciated. Page 35 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Fixed assets, included in the above, which are held under finance leases are as follows.. 2025 2024 Cost At 1 September Additions Transferred to ownership 54,420 1,033,341 14,400 1993,3211 54,420 54,420 Depreciation At 1 September Charge for year Transferred lo ownership 11,404 6,882 335,960 56,068 1380,6241 18,286 11,404 Net book value At 31 August 36,134 43,016 16. Fixed asset investments Listed investments Cost or valuatlon At 1 September 2024 Additions 573,879 218,977 1244,6621 13,8181 Disposals Revaluats'ons At 31 August 2025 544,576 Not book valuo At 31 August 2025 544,576 At 31 August 2024 573,879 Page 36 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Stocks 2025 2024 stocks 41,550 62,002 18. Debtors 2025 2024 Due within one year Trade debtors Other debtors Prepayments and accrued income 189,530 260,348 593,088 60,738 11,254 545,937 1,042,966 617,929 19. Creditors: Amounts falling due within one year 2025 2024 Bank loans (see note 211 Trade creditors Other laxalion and social security Finance leases Isee note 22} Other creditors Accruals and deferred income 97,368 819,594 338,286 8,578 258,653 2,113,607 109,634 640,329 314,703 8,578 278,582 2,682,806 3,636,086 4,034,632 2025 2024 Deferred income Deferred income at 1 September 2024 Resources deferred during the year Amounts released from previous periods 2,616,327 1,687,355 1,495,281 2,616,327 12,155,863) 11,687,355) 1,955,745 2,616,327 Deferred income at the balance sheet dale is in relation to monies received for school fees and courses for periods from 1st September 2025. Page 37 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 20. Creditors: Amounts falling due after more than one year 2025 2024 Bank loans (see note 211 Finance leases Isee note 221 Other creditors 1,395,615 9,007 229,889 1,492,983 17,585 275,656 1,634,511 1,786,224 21. Loans An analysis of the maturity of loans is given below.. 2025 2024 Amounts falling due within one year on demand.. Loans 97,368 109,634 Amounts falling due beeen one and years.. Loans- 1-2 years 1,395,615 1,492,983 The two Coronavirus Business Interruption Loans received in November 2020 are repayable over a period of 6 years. The first loan is repayable on a monthly basis which started 13 months after drawdown with fixed interest charged al 2.590/0 for 5 years with the 6th year at 2.340/0 above the Bank base rate. The second loan can be repaid without penalty at any lime within the 6 year period with fixed interest charged at 2.660/0 for 5 years with the 6th year al 2.340/0 above the Bank base mte. The remaining term on these loans is 1 year and 3 months. 22. Leasing agreements Finance Finance Leases 2025 Leases 2024 Net obligations repayable: Within one year Between one and five years 8,578 9,007 8,578 17,585 17,585 26,163 The finance leases relates to a Iraclor and ride on mower. The term of the tractor lease is 5 years ending in April 2027. The term of the ride on mower lease is 5 years ending in October 2028. Page 38 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Minimum lease payments under non-cancellable operating leases fall due as follows." 2025 2024 Within one year Beeen one and five years 38,664 31,627 80,707 70,292 70,291 150,999 23. Secured debts The following secured debts are included within creditors.. 2025 2024 Coronavirus Business Interruption Loans SONIA Loan Finance leases 1,492,983 1,590,351 12,266 26,163 17,585 1,510,568 1,628,780 The Coronavirus Business Interruption Loans are secured by way of a legal charye and debenture over the School land and buildings excluding the 'third' field. The finance lease contract is secured over the assets to which they relate. Page 39 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 24. Statement offunds Statement offunds- currentyear Balance al 1 September 2024 Balance 8t 31 August 2025 Transfers inlout Gainsl (Losses) Income Expenditure Unrestricted funds Revenue resetve 7,900,616 12,290,384 113,093,349) 18,118 7,115,769 Designated Funds LGPS 600,000 1,568,900 600,000 1,568,900 10,069,516 12,290,384 113,093,349) 18,118 9,284,669 Endowmgnt funds Foundation endowment 45,875 45,875 Restricted funds Barnard Castle School Prize & Scholarship Fund Hearnshaw Legacy Science Centre Donation 533,419 6,684 14,4771 127,1671 508,459 38,665 118,1181 20,547 67,918 15,3481 62,570 640,002 6,684 19,8251 118,1181 127,1671 591,576 Total of funds 10,755,393 12,297,068 113,103,174) 127,1671 9,922,120 Page 40 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 24. Statement of funds Icontinuedl Designated Funds contain legacies received by the School which will be used to invest in capital projects. The Foundation Endowment was formed when the School was established. This is considered to be an endowed fund which is held in the form of land. The Barnard Castle School Prize & Scholarship Fund is used for funding scholarships and the purchase of prizes. The Heamshaw Legacy was a legacy received for the payment of a scholarship for an A Level science place. The Science Centre fund was initially given lo invest in science capital projects. However an opportunity arose in a prior year for two projects, the sports hall refurbishment and creation of the music performance space. The donor was approached and gave his permission for the money to be used in this manner. Depreciation relating lo these assets is allocated to the fund annually. Page 41 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
24. Statement of funds (continued)
| Statement of funds - prior year Balance at 1 September 2023 £ Income £ Expenditure £ Unrestricted funds Revenue reserve 7,972,604 12,855,302 (12,944,285) Designated Funds 600,000 - - LGPS - - - 8,572,604 12,855,302 (12,944,285) Endowment funds Foundation endowment 45,875 - - Restricted funds Barnard Castle School Prize & Scholarship Fund 464,921 53,276 (2,824) Hearnshaw Legacy 55,660 - - Science Centre Donation 73,265 - (5,347) 593,846 53,276 (8,171) Total of funds 9,212,325 12,908,578 (12,952,456) |
Statement of funds - prior year Balance at 1 September 2023 £ Income £ Expenditure £ Unrestricted funds Revenue reserve 7,972,604 12,855,302 (12,944,285) Designated Funds 600,000 - - LGPS - - - 8,572,604 12,855,302 (12,944,285) Endowment funds Foundation endowment 45,875 - - Restricted funds Barnard Castle School Prize & Scholarship Fund 464,921 53,276 (2,824) Hearnshaw Legacy 55,660 - - Science Centre Donation 73,265 - (5,347) 593,846 53,276 (8,171) Total of funds 9,212,325 12,908,578 (12,952,456) |
Statement of funds - prior year Balance at 1 September 2023 £ Income £ Expenditure £ Unrestricted funds Revenue reserve 7,972,604 12,855,302 (12,944,285) Designated Funds 600,000 - - LGPS - - - 8,572,604 12,855,302 (12,944,285) Endowment funds Foundation endowment 45,875 - - Restricted funds Barnard Castle School Prize & Scholarship Fund 464,921 53,276 (2,824) Hearnshaw Legacy 55,660 - - Science Centre Donation 73,265 - (5,347) 593,846 53,276 (8,171) Total of funds 9,212,325 12,908,578 (12,952,456) |
Statement of funds - prior year Balance at 1 September 2023 £ Income £ Expenditure £ Unrestricted funds Revenue reserve 7,972,604 12,855,302 (12,944,285) Designated Funds 600,000 - - LGPS - - - 8,572,604 12,855,302 (12,944,285) Endowment funds Foundation endowment 45,875 - - Restricted funds Barnard Castle School Prize & Scholarship Fund 464,921 53,276 (2,824) Hearnshaw Legacy 55,660 - - Science Centre Donation 73,265 - (5,347) 593,846 53,276 (8,171) Total of funds 9,212,325 12,908,578 (12,952,456) |
Exceptional item £ - - 1,568,900 |
Transfers in/out £ 16,995 - - |
Gains/ (Losses) £ - - - |
Balance at 31 August 2024 £ 7,900,616 600,000 1,568,900 10,069,516 45,875 |
|
|---|---|---|---|---|---|---|---|---|
| 8,572,604 | 12,855,302 | (12,944,285) | 1,568,900 | 16,995 | - | |||
| 45,875 | - | - | - | - | - | |||
464,921 55,660 73,265 |
53,276 - - |
(2,824) - (5,347) |
- - - |
- (16,995) - |
18,046 - - |
533,419 38,665 67,918 |
||
| 593,846 | 53,276 | (8,171) | - | (16,995) | 18,046 | 640,002 | ||
| 9,212,325 | 12,908,578 | (12,952,456) | 1,568,900 | - | 18,046 | 10,755,393 |
Page 42
Document ID: 33b61d3e2e16ef3b71ee95dd0543c8a4d9022b22bd20ac5ecd28c78249b809f5
BARNARD CASTLE SCHOOL
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
25. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2025 £ 10,040,306 53,114 - 4,451,188 (3,625,428) (1,634,511) |
Restricted funds 2025 £ 57,658 - 544,576 - (10,658) - |
Endowment funds 2025 £ 45,875 - - - - - |
Total funds 2025 £ 10,143,839 53,114 544,576 4,451,188 (3,636,086) (1,634,511) |
|---|---|---|---|---|
| 9,284,669 | 591,576 | 45,875 | 9,922,120 |
Page 43
Document ID: 33b61d3e2e16ef3b71ee95dd0543c8a4d9022b22bd20ac5ecd28c78249b809f5
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 25. Analysis of net assets between funds Icontinuedl Analysis of net assets between funds - prior year Unreslricled funds 2024 Restricted Endowment fLJnds funds 2024 2024 Total fLJnds 2024 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year Creditors due in more than one year 10,487,696 79,795 63,006 45,875 10,596,577 79,795 573,879 5,325,998 14,034,632) 11,786,224) 573,879 3,117 5,322,881 14,034,632) 11,786,224) Total 10,069,516 640,002 45,875 10,755,393 26. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Nel incomelexpendilure for the year las per Statement of Financial Acliviliesl 1833,2731 1,543,068 Adjustments for- Depreciation charges Amortisation charges Lossesllgainsl on investments Bank Inte$t received 918,989 27,601 3,618 1118,4341 22,172 20,452 1425,0371 1432,0471 16,6841 809,202 27,198 153,6041 1111,2261 Loss on disposal of fixed assets Decreasellincreasel in stocks Ilncreaselldecrease in debtors IDecreasellincrease in creditors Dividend income 15,6311 171,127 971,034 153,2761 Net cash provided byllused inl operating activities 1822,6431 3,297,892 Page 44 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 27. Analysis of cash and cash equivalents 2025 2024 Cash al bank 3,366,672 4,646,067 Total cash and cash equlvalents 3,366,672 4,646,067 28. Analysis of changes in net debt At1 September 2024 Cash flows Al 31 August 2025 Cash al bank and in hand Debt due within 1 year Debt due after 1 year Finance leases 4,646,067 1109,6341 11,492,983) 126,1631 11,279,395) 3,366,672 12,266 197,3681 97,368 11,395,615) 8,578 117,5851 3,017,287 11 161,1831 1,856, 104 Page 45 owu1D.. a8trA1d8•2¢18efab71wWQ
BARNARD CASTLE SCHOOL IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 29. Pension commitments The Charity's employees belongs to the following pension schemes.. The Teachers, Pension Scheme England and Wales ITPSI for academic and related staff, a multi- employer defined benefit scheme. The Charity exiled the TPS on 31 August 2024. The Charity now operates a defined contribution pension scheme with Royal London Group for academic and related staff. The Charity operates a defined contribution pension scheme for non-teaching staff. Contributions are made lo the defined contribution scheme on behalf of its employees, the cost of these contributions being charged to the Charity's Statement of Financial Activities. Contributions amounting lo £113,83312024.. £148,261) were payable to the schemes at 31 August 2025 and are included within creditors. 30. Related party transactions During the year Governors made donations of £1,21412024.. £1,440) towards school activities, and £Nil 12024". £8201 was paid to staff as well wishes gifts. P D A Molhersill is a Trustee of The Bowes Museum. During the year purchases of £Nil12024.. £21 $1 were made for MLJseum visits. N P Hodges is a Director of The Wilham Hall Ltd. During the year purchases of £431 12024.. £3951 were made for a gallery event. D C Osborne is a Director of Roman Limited. During the year sales of £Nil12024.. £1751 were made for brochures. G M Richardson is a Director of Teesdale Wesl Durham Community Interest Company. During the year purchases of £Nil12024.. £4,350) were made for outdoor activities. 31. Company limited by guarantee The School is a company limited by guarantee. The members of the School are the Governors named on page 1. In the event of the School being wound up, the liability in respect of the guarantee is limited to £1 per member of the School. Page 46 owu1D.. a8trA1d8•2¢18efab71wWQ