Reglslarad nurnber. 06729913 Charlty number: 1129232 THE ST ANDREWS SCHOOL TRUST (A company Ilmlted by guarantaa) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE ST AMDREWS SCHOOL TRUST (A company Ilmlted by gu•rJnt•el CONTEPITS Page Relernnc• and admlnl*lratlvo d•tallB of tho charltabh ¢ompanyi Its and advlsers Tru8tses' report Ind•p•nd•nt audltor•' roport on th• financlal sta¢¢monts 7-10 Stat•m•nt of flnancial •clivlll•8 11 Balan shoet 12 Slat•m•nt of cash flow• 13 Not•8 to th• lIn•i•l statements 14.29
THE ST ANDREWS SCHCK)L TRUST (A company Ilmlt•d by guarant8el REFERENCE AND ADMINISTRATNE DETAILS OF THE CHARITABLE COMPANY, rrs TRU8TEES ANO ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Twsteo¥ Sue Bdsb Mlchael HcMJg88 Chris Johnson {resigMd 9 Septembw 20241 Jennrf8r Meara Rose RcOin¥on David Yales (aNxintvJ 9 S8eMber 20241 Vw(mica Jones Iresionad 11 September 2023) C¢mpany r•gl•tsrod numb•r (K729913 Charlty r•gl•t•rnd number 1129232 R•gl¥lor•d offlG• Aylmerton Hall Holl Road Aylmerton Norfolk NR11 8QA Independent audltorn Larklng LLP Charlered Acc¥Jmtants Stalulory Auditors 1st FI, Prosp&a Hcwo NR1 1RE Bank•rn C¢>op8ratlve Bank PIC Head Offic£ P.0. 8ox 101 1 88lkw Stre M8nchest8f M60 4EP Sollclto 8irkett6 lQngfither Hwse 1 Gilders Way N¢ch Nc*fcAk NR3 1UB Page I
THE ST ANDREWS SCHOOL TRUST (A company Ilmlt•d by guarantgo) TRUSTEES. REPORT FOR ThE YEAR ENDED 31 AUGUST 2024 Th8 Trustees present their ann1 ropryt together lth the audlted flnclal statements of lh8 chadtable cnmpany fc 1 Seplemtr 2023 10 31 August 2024. The Anrtuaj r8PCWt selves the purposes of bjth a Trustees, rewrt and a d1clo19. reFAYt under company law. The Trustees confim that th8 Annu report and financial ststem8nt8 of the tharilable CoMpY mplY knith the current siatLrtCry requirements, the requirement5 d Iho tharitable compan5 9)veming d£uM&nI and the provisions of the Statement of Recommended Prartic (SORPI arylicatle to charib.es preparing Iheir aCCnts In ac¢LYd8n¢e %¥ith the Financial Reporbng Stsndard aFpliCae in the UK end Republic of Iland (FRS102) (8ffe¢Xive 1 JaI¥Y 20191. Since ihe d)arit8ble compwy qualf18s a8 small under seclion 382 of the Ccfnpanle8 Act 2CQ6, tha Strateglc rep(wt requlred of medium and large cornpanbs under Cunpanies Act 20r {Strategic Report and Directors. RepNt} Regulations 2013 has bgen omltted. Obl•ctlv•B and actlvltte• •. Polkl•• and obl•ctlv•s Our charftys purpo¥e. as Set (yJt In the o¥ects in the rnemorandum and artides of assodation, Is to provlde speclal needs edUcaOn. The aim ol our charlty 18 to a(fv8nce t1 educotiTh) of thildren 8ThJ young people th speeth, 18ngu6ge ?nd ccvnmunic811on difficultios. Our aims fully rofloct the purtx)8es that the tharity was set up lo further. main rtJjectNes for thè year 0)ntInO lo the advancemenl of the of chiklr8n and ycdjng pwle wth Speech. 18ryu0ge 8fKI commuThcation diffi1•& Tho 8tr8togies used lo meet those objgdive8 Includ, - Teachlng a broad and balanceA curyiculum In accLirdance cr pc41de8', - Providlng sultable bulldlng and teathing fadlHJ'e& ich are refiecilve of th8 needs of th¢xe balng educated,. - Working in accordan¢e with tho principles and ethos of the Rellglous Sccety of FTieTrJ - SupFvrting 5tLbJenls wth their mental health n¢ed& ar - Undefs(andir¥J the wriC 4rKI irKlividual ngeds of those edted. b. Maln actSvltl•s undertaken to further the ¢h•rltable MrnpanV¥ Purpo fw th• publlc b•n•fil In setting d)leclives arKI FAanning for activilies the trusiees have given thje CsideratIon io g8neral gudan pl11$ed by the Ctwlty cnmison relattng to plIC bonefft, Includlng the gdanC¢,PUbllc bemfit.. wnnlng a charity'PB2. A¢hvoM9nts and porfonnanco •. R•vlow of •cllvi¢l•¥ The number of studffrts in the is 54 an inc¥ease rA 9 Stjents the previous year followrrvJ approval frcrn Ihe Departmwtt Education In DerAnber 2023 8n increaye In Siuderrt numbers to 6D kthlch c8me into effecl frcm Septbe[ 2024. Th8 scIKK4 vms In Marth 2023 aTrJ was Judged 8$ 'Good' in all areas. Technoloyy proylsion in the sthwl cthlnues to be expandgj u[ate{l as orrrent teChr0YY nèats the end of its life expectancy. New laptws purthased to caler for the increase In student numbers and old laptCP5 are betng replaced wth neT rnodels. In addition, m(¥e desklop Pc's arKI monilm were purchased to allow teac addOal use durinq n(-teachina times t*•ith two extra n)o¥ns in the main bulldlna beSng renovated to Page 2
THE ST ANDREWS SCHOOL TRUST (A company Ilmltsd by guaranto9 TRUSTEES. REPORT IcopifiMuED) FOR THE YEAR ENDED 31 AUGUST 21)24 Achlevem•nts and P•rforn¢• {rtInued) provide office spece them to V•YJrk in. The physlcal and Mts1 health and llbelng of thents remans of upmost Imwrtanc8 to the 8chod, and it continue$ to Lrfler PE lesscm$ per wtek f¢Y each claw In additi'c. the lunthtime provis1c h8$ been increased lo offer not orty spJts activities bul akn a range of dub8 suth as malhB. dTes5. Scalextric and Lego. Students Continued to enjoy off •ts actrvltios and ts u&e ol the Kh(h)I minlixms akn enotled a range of lrfe 11, s(581 skill and caTQeTS I0¢S lo be taught. Grarrt appmval for a new mlnlbus has been secured vla va¢ty and orKe 8 spon50r Is found 8 new bus VAII be provided wth the xKoI only havlng to cover a third of the cost. The 8chwl Intygased its extemal (UnSellIng setvi( to two (x)unsellors11 male, 1 female) vknich has 8e8n grtyh in the number of 81udwts ¥tho cen now [Vide thls sgrvice to L)n 8 klY bas. Thg 18rity h88 conlSnued the devebwTwI of the ladlltl•8 dwlng the year, carylng a lull renovation lo unu88d arg3$ in tho main building èxtra %thing space for t83¢he. new upvc wndcths have 8180 been instslled in Jr D&T bkKk ma.9 this area IKdmiaf 8fKJ quieter. A new reb)und fén¢0 and gale have been Inlled amund the astro turf as the old chTr fondng had ¢om8 loose in Sever areas and VAS deemed 8 health and safety ri¥k to the studwts. A building ¢orKlilions survey and rerAIrt 1$ due lo be commi88iorKd lo highllght 8re8s of the builrfing Ih¥l reqre 8ttenb.on and pnoritlse them in (xder of need. For Instancè. the main buildinG is likety to need a new roof. b. Inv•stffl•rrt pollcy and perfomMn¢• A81de from reta5nlNd 8 prudent amount In reserves each year, most of the funds are lo be Spent In tha short tem). $0 there are few fuThls avallat4a for long temi Inve#merrt. The sangS acc4)unl IntInUeS lo be top up a yeady basis to ènswe Ihol the are wfficient funds to cover rethJThanCY costs for all employed staff. Rem8inlng b81ances a used lor in year improvements 11 be 98vfjd un1 there 19 encwgh Suu3 to ace Ihe rem8tning portacabin Vith a further et£s build in future year& Fln•ncl•l revl¢w & Golng ¢onc•rn After making aFproprtatg onquines, the Trustees hav8 8 reasonatrfe expe¢tsb'on that the carhable company has a¢Jequale reSleS to CLYrtinu8 in Operatial existence fcy the forgseeable futu. For this rea80Tr, they CClinue to ad¢Jpt the going concem basis in wepwing the fin(la1 Statemts. It h8s been confiryn&l that fundlng will ry)ntinue until Marth 2027 al ojrrent furKling rates Fer student. The schod ntInUeS lo re1Ve sttjdent acement requests from Norfolk County coun1. Iherefm, funding Nbill b8 secure for the next academic year, hQer gsiTrJ by Norfdk Cwnty Councll on Its Lwal First IndusFon proIfy means that at present the kry48rn1 tiOn of st¢)S Is unknKhvn. The sti)ol conllnue9 lo work with the Locat Authority to ty aThJ ser1 a lonfrlerm agrewnenl for them to (xlntinue lo place stUdts at schcol. The sch faces the prDSped of losing eleven studerrt5 al the end of the academlc year 2024126 aTrJ wll not know fin81 student numbers the academic year unlil August 2025. Page 3
THE ST ANDRE¥Y3 SCHOOL TRUST (A )MpanY limit•d by guarant••l TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 b. Ro¥•rvM pollcy The surpSu5 for the year of £32.350 {2023.' £217,012) continue¥ lo be inv8sted in the furthw devek4)ment of the sch1 facilities p81ticuL8dy In the ar88 of e¢0 daW(ls. The trustees, in conjunction V•ith management. regulaty revlew the ol the sctthl and rec8lv6 monthty managefflent accounts lch give an overview of Well spending is managed against budgeL The level of re8erve8 within the thcKA18 revlvad llhin thls framvmyk. The trustees have rgvlsed thelr vlews on the arnt of reswves to b8 hold and have declded to hold fund8 to cover actual redwdaw costs due at the ¢rKI of any ocademic year plus existing LX)mmlth)ents. Unrestricted reseryes as at year4nd were £2.231,226 (2023.. £2.198,8761. Resfficted funds as al the year- d were £Nil (2023.. £Nill. Detsils of the restricted ldS (gn be f(MJnd at nolo 13 and 14. Free reseryes on 31 August 2024 totsl £682,232 (2023: £637,$36). Stru¢tur•. qovwn•n and managwn•nt Constftutlon The St ArKlrevls Sthool Trusl is 8 (thbIe uJmw)y limited by guwwrteg, incryporad cn the 22 October 2008, and regislered as 8 (tsrity on thg 21 April 2009. The tharitable company was 86t8blished under memor8ndum of assodation ld) eaaUished the rtjeds and of the tharilaNe CpanY and Is vemed under the artides of asgxiation. In thg event of the dritable ccynpany being Vtvund up, the mombors 8re requlrod to Gonlribulo an am(yJnl not exce8ding £1. b. M•thod• of •ppolnlm•nt or •l•ctlon of Tru•t••# Th• dlrectcys of the company are 8190 charity tru8tee8 f¢x the KXffKXMS of tharity18w and under the o)mp8nl8 artlde8, ar8 knovm 8s members of the rnmpBry. All eppoiniments and re6igroticffls arn rev1thd at tho wnu81 gera1 meeilThJ and If necessary, voted up)n by the members and deadod by a Majority vote. Due lo the nalure Lrf the cwitable ccqnpanls th ttl¢h inevitstAy frSe& uwn children and young people, the trustees ol the tharltabje company seek to ensure that the needs of these group3 are aFpropriatety reflected ttwwgh the diversity of the truslee board. wt IkIr0 at aFntrn, the tte8$ con%der the skills that each polenti81 trustee can bring to the ¢haritsble company lo mainl8in 8 bioad mlx of skllls. quallflcallons and business kn¢edge that Yill assst Ihe chwitable companys gr(hth. In particular. skills are lost due to retirernents, individuals are aFvoadbed to offer themselves for eleclion to the trudee board. Sonlor Manag•rn• T•am Pay Pollcy The trustees review the pay of the senior manageni team in late summer (K e8rty autumn lem. For the last four years they have Implemen the pay awarts giv by cerrtral wvemmerrt and have followed the same in¢rementaJ W3rel0n as nati8¢ pay scales f¢x teac9. The trustees hos%tver hav8 nol foffnally adopted ary national pay scales as this Ihen gives greater flexibilty lo offer awarts atr¥)ve or below national rdtès to fit the needs of the sChc arwj individual perfoanCe levels of slaff. The Intwlm ExecLrtive Head stepped don frcln th 31 ALWSI 224 WKI is now the Chlef Flnance and Operdlions Officer followng succe11 app)intrn8nt of a new Headteathw CL¥nmenced employment with sthcol IXJ 1 September 2024. The f(mer Head of SdKxI alg) Stsp dovm from rolé 31 August 2024 and P8ge 4
THE ST ANDREWS SCHOOL TRUST (A ¢wipany Ilmltod by guaraTrtse) TRUSTEES. REPORT IcoKfiNUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Structurns gov•rnanc• and managwn•nt (contlnu•d) is now the SL1 SENCO. The Headteathers salary w8$ sel using n8tional pay bands Laimmen5urale for the b8nd of school arKI the salanes for CFOO 8nd SENCO re revised dcthn in January 2025 and November 2024 re8P8Ctively to cffislder the Inltlal ¢yo86 over bel roleB aThJ to enatle the new Headteather lo em Into the %h¢X4. d. Ri•k manJg•rrnnt The trustees have assessed the rtsks io ¥thk tho cornpany Is expJg8d. In parucular those reloted to the operab¥ and financm of ts th8ritsble cx>mpany wd are satisfied that systems and procedure5 are in place to mltigate cMJr exFM)wre to the mas( risks. Mental health ol thg students is a partiajlar issue fClkwThJ the 8econd lOd(do5 and the sthool Is SUPFQrtlng eath Lild indNidually. This is en9 a$ ttme kyogresses and suitable interventions have been put into p4ace fty all those students Vpre requiring •jdiblal supwt. This supwl has been offerod through providing 1..1 c4Jun8elling 8es9ions. more self4egulalii)nlthwapy Input. drawing and talking Ihernpy and acceswn9 extemal help and pFt a$ aprxc4)riale lo meel individual needs. The sthoo118 ¢onlnulng to Invest in t8rGe5 u8lrvJ catth up fvndiw indudlng Ilteracy aThJ maths Inlerventl(M)S and pro3rammes. It has also invged in a number or other literacy inteThentions induding NESSY and spdlin9 8hed. The stsffing structure has charyd fdlov4ing appointment of the naw Headteacher and middle managern are rKM pkwse arKI 8ubj&# leads. Plan• for future perfods The trustees remaln committfyj to enwjrfng that the Studts rec4lve tha best 8dueaUon po86ible and feel that11 18 ImiyJtsnl lo have hlgh qualty reUrCes to be •ll¢ to re thelr full potential. As uncert8lnly exlsts around the future number o15tudents and fee income remains at a fix1 rate tho scool will need lo becx)me more prudent with its 8PWKting plans. Th8 9001 htrpvw fefflain¥ lh8 rePlacnent of the remainlng old portacabin. The school has ixwghl In the servi3 cl extemal provldw5 to offer Forest 8thod and photcgr8phy ther8py to somè of our stud•nls who are struggling wlh menlal health or seK-e8teem It buy8 into an extemal altemaliv8 1$1 wish to ur>Jatske a more practical course In yes 10 arm1 11 that cannot be offe1 by the Sthl. It ¢xnllnues to Invest In staff development 111 enhwKe Ihe le8rning eXpence for the Studlts. Stgff d¢veli)pmenl wll be mrxe targeted and slr88mlined in fLrture ye8rs. It ¢J)nllnue5 lo employ 8 beh8viour manager %tho has attended a varlety of trainiryj )Urse$ to enhance his understandlng of our students and enable him to impleTnent specific b8haviow le]l5. It puhse5 the Servi of Lxjunsgllors vi%t Ihg one day eath per lo offor support for stUdts who reqrE additiCal fflerrtal heth sur4) It has strengthened the provls6on (rf *llbelng for aaff by buying in extemal SUPF(rt vla Schts)Is visory SeNice. The pthge inckKles to GP seNKes. p01h8rapy. L¥)unselling, Occupati81 therapy assessmerts as wpll as a host of ¢Xher servlces. Paoe 5
THE ST ANDREWS SCHOOL TRUST (A Gompany Ilmltod by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Fundralllng ctlvitl•s Th8 charity dld not se(fft any gr8nt furmjing in Ihe year. The tharity is not awa of any failures, during the y98r ended 31 August 2024 {2023'. rKThl. by the charity or any pers(m acng on Its behalf. to comply ¥th tts fundraislng 8tand8rrl8, ncy thd il recdva any wmplairts fundraising activity. The chariV8 Televant 81aff havo been provided 1th tralnlng how to Frfotect vulnerable people other members of th• puLll¢ from behaviour is an unreasonable intrusion on a t.5 1VacY. is unreasonably persistent,. and aceS undue pre¥surn on a pfjr¥w to give mongy cff ottw prwty. stal•m•nt ¢)f r•wn•lbllltl•• The Tnjstees lltho 8re olso the directCY9 of the tharit8tAe c4)MY for tts pur0$ of ¢omp?ny lawl are res&ble Pfeparlng Ihe Trustaes, reF¥Jt and the fInO015taternen1s in 8co)rd8n( applica8 law and United Kiryd(wn ACUntrn9 stsardS {United In9 Generally A¢¢apted AnIng PraGtIGe). Company law requir80 the to pr•iar8 finan(?al statemonls for each finaniial . Under wmpany law. tho Trustees mu81 not appwove the financlal Statements unle&9 they are satisfied that they give a Irue and lair view of the state of affalrs of the ¢harltable ¢xnpany and of ils incL¥nlng resouw and aFIcatIon of re80urce8. Indudlng Its Inco8 8ryJ expendlbjre, l(Y Ihat pwlod. In these financlol ments. tho TN$t985 arg required lo: select Slltable accCnIng wllues and then appty thém eonslstenty.. obseNg the method6 and principles of the Charitses SORP IFRS 1021: mak8 ludgments and acCoUnn9 85mateS that are reax)n8tle arKI Wdl,. state thether apFdic8ble UK Acc(xInrrfj St8nd8nJs (FRS 1021 Iwe bean follo¥d, gubje¢t lo 8ny material tJep8rtures dist4ced arKi explained in the finanaal aierngnts: pr8pare the finanual slatemgrrts on the gC1r ccwwn basis unl988 tt18 InapworKlato to pr8me Ih8t tho chwitable o)mp8ny will rx)nlinue in isIneS8. The Trustees are responble fof keew'ng adequale ac(x)unting reccds th8t 4T9 suffirAent to show arKI exFlaln the chentable c4)mpany's trans8clions and diyAose with reasonable 8ccuracy al any Ilme the flnandal position of the tharitable company and enable them to ensu Ih81 the finanual slatement5 cornply wlh th8 Companies Act 2006. They 8ro alw r8SPffi8iiAe for 58fe9u4rding thg 0s¥gts of the thoritablg crynpany and hew for tsklng reasonable sleps for the Preventi and detOn of fraud a1 othw Irregularitigs. DISCIr• of Infornlatlon to audltor• Eath of Ihg are Trustees ot the ts'me then thi8 Tnjstees, is approved has confim6d th&" 80 far as that Trtee is aware. there 18 rolevarrt 0j11 infoallL of the c*arlty'8 audit are unavtare. thal Twslee has taken 811 the steps that 0h1 fr) have b88n takn as a Trth in orilw lo be aware of any relevanl athjit 1nfcfmatlt arKI to establish that audit8 8r0 of that infLYmation. Akyoved by der of the memtets ol Ihe b¢rd dTwstees sigrnd on ther behalf ty. J•nnif•r M•ara rustee) Date: 19 May 2025 Page 6
THE ST ANDREWS SCHOOL TRUST IA company Ilmlted by guarnnt••) INDEPENDeKr AUDrroRS' REPORT TO THE MEMBERS OF THE ST ANDREWS SCHOOL TRU8T Oplnlon W8 have auditeil the financ481 stalwnents of The Sl Andrews SCIKMJI Trust (the 'tharit8ble cornp8nq) for the year ended 31 August 2024 comprise th8 Stalemenl of finanoal activlties, the 881ance 8hag1, the Statement of cash 110 arKJ the related note5. induding a Summary of Significant aGcounling polici95. The finan(>81 rewrting fTam6ork that been applied in Ihwr weparation is ap1¢able law and Uniled Accounting Standards, induding Finanaal ReFJling StaTrJ8rd 102 The Financial RepDrting Stsndard appliCae in the UK and Republlc of Ireland (United lQngJ(xr Gerrally A¢¢epted Accwnting Practice). In our oplnlon the finarlthl statern: gfve a true a1 fair view of th8 ote (rf the Laritth c4jrnpas allaks as at 31 Auwst 2024 and of Its incoming reswrcs aThJ aK¥licatron of Indng lis IrKxxne and expwKIMure for year then ended- have beM prnpwty In aGrordm ith United Generally ACntIng Pra¢Xir: arvj have ljeen Sn accaxknce reqreme5 of Ihe Comp 20L. B1$ for oplnlon W8 rnndu(Xed our a111 in 8(xXydW with Intryrnab'(xHI Stsndard8 on AudltlYJ {UKI (ISA6 IUKII and applkable law. (r respffisitx'lille¥ LVKler those #ald5 are further described in Ihe Audit. respcmsllitIeS for Ihe audit of tha flnand81 #aternts tion of rert. We are IThjeJeTrt ol the chtrilèble company in gccrydance wth Ihe ethical requirements thal are relgvOFrt to wr 8thIil of fv fin(481 ¥t8temenls in the United KiThJdom, indudir8 th8 Fina14 Crl'S Ethi1 standd. 8rKI h8ve fulfilled our other ethi¢01 respbIlitieS in acdae with the88 rewirements. In wtiwlar, V•f h8ve akylied thè èxemptlons avallabk8 ithin the FRCS Ethical Standard - Provisions Availat48 for Audits of Small Enets. paragraphs 6.11 and 6.15, In tffovldlnu aSsf$tsn ith the cal(L9tiOn of KtntIng adjuthents. We belleve Ihat the alIt e¥ldw¢é havg obi8ine(l is suffioent arKI appr(¥rrie to PTovhJe a basis f(ff (xx cynK)n. Con¢lu•lon• rnlatlng to 9olnq conc•rn In awjiting the financral staternents. havo c£mduded that the Twstee5' Use Lrf the golng concem basls of aCCnting in the preporabon of the fin8rn?al statementB is arvcFriate. Based on the have pertomled. have rKrt IdlIf$ed any materlal untaInbe5 relating lo evenls or condrtions that, indlvldualty or colleclively, may ca 9ntheant dbI on t choritsble company'5 ability to nlinue as 8 goirwJ (£rn for 8 peri(xJ of at least tve months from en the flnand81 st81ements are aulhodsed for issue. (r responbIaS and the resp(YbSitAlities of the Trusloes th rgSP9th to gdng (CeM are dexNbed in the relevant %clions of thi8 r&pcrt. Page 7
THE ST ANDREWS SCHOOL TRUST (A Gomp•ny Ilmited by guarant•e) INDEPENDENT AUDffORS' REPORT TO THE MEMBERS OF THE ST ANDREWS SCHOOL TRUST ICONTINUED) Other Inforniatlon The other informatlon comwises the infomation ifud in tha Annual report other than thg financi81 statemenls and our Auditors. reFYt thertL)n. The TteeS are responble the other irrformation C[laIned ithin the Annual rekxyl. Our opinion the finanLJ81 statwnents does not cover the other Infoation and, except to Ihe extgnt othwwisg gxpIiLYtIy 8ts18d in our report. do rK)t oxpre5s gny fomi of 8SSLwance conclu¥ion 1kreOn. Our r88pon4bility is to re•J the infrm81icn and. in doing so. c81der whether the other Information i¥ mal¢dally lr¢ccf¢stenl Ylth the Ilnandal statements or knthege obtalned in the Lrse of the audit, or otrwth80 appear5 to be mat8dally misstated. If V•P idpnbfy such matèrtal InconstencIes or apparent rnat8rs81 misststem8nls, are r8quired to detomiinè wthelher this gives rise to a maledal misstatement in the flnonclal statements Ihwnsetves. If, bd on the Kirk have p6rfom)8d, conclude that thera 1$ a materi81 misststement of this other information. are required to report th f8Ct. We have nothlry to rekYYt in this regd. Oplnlon on oth•r matt•rn pr•scrfb•d by th• Companl•fj Act 2006 In ryjr oplnbn, based on wark undertakon In thè of the the 1rrfornat1c glven in the Tru8tee8' repyt for the flnanca81 year for wfilch the Ilnancig18talernents arg prepared Is conStent vath the flnanaal statements. the Trustee8' rep(yl ha8 prwed In aF¥)Ilcabte legal requlrements. IAatlgr• pn whlch w• ar• r•qulr•d to report by •xcelOn In the ligm of our kn{Yed9• 8nd und8rntsndin9 of the th8ri18ble fflP8ny and It8 envIrrn¢t obt81ned in the of the audit, we h8ve not malerial misslalements in the Tru8tees' report. We have ncthlng to rBFK¥rt ift of thè foll(Alng malters In relaljon to vthi( Cunpanles Act 2006 requlres U810 report to yw if. in owion: Jwuate acwuntlng records have not bggn kepL cy Telums adequ8te fty our audlt h8ve 1 been received from br8nthes not VIled by us: or the financlal statements are not in agreement lth the aC£nting reo)rds and retum& c certain disdosurgs of Trustee¥ remurw811on SFdflgd by law are not made. or we have not received 011 the inforrnation and 8xpl8nalions require for our audit,. or th8 Trustee5 were nol entitled to prepare the flnandal atements In accordanrE with the small o)mpani85 31m0 and take adv•)t8ge of the 8mall cornpanie8' exemptions in preparing the Tru8tees' report and flun the requir8merrt wep8ffj 8 Straleglc rep(wl. R•Jponslblllt1 of trust••s As 8xplainad more fulfy in the Tnth. r8$WSibIlitieS statement cfft page 6. the Tru8te88lO are 819) the dIrect5 of the Chor[tab cthnpany for the wrposes of ctYDP8ny Iww) are responsi1e for the weparaUon of the fin8ndal statements and for teng salsfied that gove 8 true and fair view, and for SLtth intemal ttffitrol as the Trustees detemiSne is necessary to en80 Ihe FKyation of finwial statements that are free from materfal misslatemert vjhether lo frydud (x errw. Page 8
THE ST ANDREWS SCHOOL TRUST (A ComnY Ilmit•d by guarnntsel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE ST ANDREWS SCHOOL TRUST (CONTINUED) RMponxiblliti•s of trust•es Icontinuod In Feparing the Ilnona81 statements. the Trusle89 arn re6pM8[e fty assessing Ihe c8ritable company's obility lo conlinue as a going concwn. disdon9. as applicatle. matters related to gc4ng thrTrcern arKI wng the going ¢onwn ba%5 of accounting unless the Truslees wther Intend to liquKl8le the ch8rit8bl8 compgw or to cfjaso operations, or have no re81islic attefflalive bui to do . Audliorj. r•4)onlbllttl• for lh• audlt of th• flnanclal tat•m•nts r objectives aro to obtain raasonablo assurnnce thether th8 financial staternents as 8 8re fre8 from materfgj misslatement. due lo fraud or eNN, lo Issue an Audit(Ys' repcwt that indudes our opinion. Reasonable assurance Ss a hlgh levol of assur0r. tr1 18 r¥)t a gu8rant88 that an audlt conducted Sn ac¢xJrdanL vath ISAS IUKI wll ahvays ddect a materfjal mlsstatement It exists. Misstatements can arlse from fraud or error and are cIdered matorial if. individually or in the a9gregate, they could re850nably be expthd to inlluenGo the en0m deryst¢)ns of users taken on the ba81$ of th9se fin8nci81 statements. Ext•nt to whlch th• audlt was capabl• of d•l•¢llng Irregul•rltl•¥, Includlng fraud IrregulatIo8 induding fr8ud, ar8 instances ol n0nwcunpl1ar 18w8 and regulatlons. W¢ design procedures in line llh Ir r8sponsibilitias. ouulned ab)ve. lo detect m818rAI mi55tatemenls In respecl of Irregularities induding IraLKI. ex1 to our are capable of detecting irregularflies, induding fraud is detailed below. Due lo Ihe field in thlch the charflable tMpanY oporottss, idenlifie(i areas most likely to have a direct materlal impact on the financaal Statements 05 comtAiance vAth a(%ntIng standards, induding Ch8rities SORP IFRS 102) and tharlty law. In atSJltlon, con81dered the wovlsicffi8 of other laws and regulallon8 vthlch, %th1181 not havlng a dlrect Impxt on the flnancial alement8, are fundamental to tho charltable companys ab'lty to operate. Including salaguwding requirements. hè81th grJ safely, employment law, data protedon and compliance valh v8rious other WlatiOr refevanl lo the CLvJucl of the chadtable company's operations. Our approath to identifying asgesslng the rfsk of m8tef181 misst8temwrt in resPt of Irr8gu18rltles, indudlng fraud a1 ncOrnplI9ncO wth18V4B and regulations, induded the foll¢)wSThJ: Enqulrtes ¥th management and the Trustees aiKsuI any or SUSFected instances of non<omsYiance th laws and r8guLation8. ac(2dents in the vL)rkpI. safeguarding breaclw da18 breaLth85, Potential lltigats. or dalms and fraud; R8vievAng legal and yofBssional fees to m8tter8 wtwe th8 dmrltable o)mpany engaged la¥wrs during the y88r, RwSevlng fina81 statement disdosures and testing lo 8pOrtIng d¢mentson to assess mlanCe Tmth ap[41tIO lawB and regul8tiun5" Reviewng ard and finance c4xmitt¢e meetlrwJ mlwtes and any rdevant o3rrespdenct vAth exlemal authorit$. induding regulatOfS'. Challenging 8S8umOions and jwents made by rnanwient in Ih&r gnIfiCant aLLvunting estimates,. and Auditing ts risk of managerngrrt override of ctls, ind119 tF¥wgh testing joum81 errtrfe8 and oth8r adjustments for aFPrOwaten and evaluatirKJ the lyjsiness ratile of dgnlflcant transadic outside norTnal crEe of ne$S Page 9
THE ST ANDREWS SCHO(X TRUST (Acompany Ilmlt•d by guaTant•o) INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE ST ANDREWS SCHOOL TRUST (CONTINUED) Auditor8, re8pon•lbllltSM lor thé audlt of th• fln•nci•l statement• {contlmied) 8eGwse of the inhefent Ilmtsllons Lrf alt, thwe 18 8 th81 ill ncrt dct all Irrewlarrlies. including tFN)s8 leading lo a molerial fnisslalement in the finandal stalements or n-GrpI18r with regulation. Th18 risk incr8a89s the mcxe that Com18nee th a law or regulation is removed from the events 8nd transactions reflected in the finanrAal statements. as will be Fess likely to beLxYne aware of instanceB of r-cOmlIanc£. The risk Is also greater regarding irregularitse8 ocaThring due to fraud Tthr than encr, a$ frOj invdves Intentlonal Coralment. forgery, CaJllu3lon. omlsslon or mlsreFYe8entatron. A further d9rIption of our resp¢tlitieS for the audit of th8 finantial stalements is located on the Finandal Rgportiry Council's ble al.. This d8$¢rIpon forrns part of c Audltors, repcyt. Ua• of our r•port Th18 report 18 made lelY to the tharitable o)mpaS mernbs, as a t4)dy, in accordarKe with Chapter 3 of Part 16 of the CsJTrp8nles Act 2(K)6. Cr audll V•Drk ha8 been undertaken xTr that mlght stale lo Ihe charflablè compan¥s members those matters are r8qulrod to slate to them In an Auditors. report and for other purpose. To the fullest extént pemlttad bylaw. do n( 8(xepl or assume responsiblllty lo onyone other than the Larltable rnmpany and ils members, as 8 ix#Jy, for our audit vrk. for Ihls rep)rt. or fof Ihe oF4'nions e have formed. L,,k-J 9- LLI John Atkln• ACA FCCA (S•nlor •Lthrtory •udltor) for and on behalf of Larklng Gowon LLP Chartered Accountants Statutory Auditor5 1st Flocf, Pro4)ect Hou8¢ Rouen Road NR1 1RE 20 May 2025 Page 10
THE ST ANDREWS SCHOOL TRUST (A compY limit•d by gu•r•nt••) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCQME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024 Total funds 2024 Totsl funds 2023 fund# nd# 2024 Income from.. Ch8ritable activitie¥ Investments cither inrAJme 1,856,406 1,856,406 1,861,500 2,458 43,IT4 46,314 47,801 Tot•1 incorn• 1,W,345 314 1,910,659 I.SX17. 132 Exp•ndlturn on: Chantsble activities 1.837,483 40.826 1,878,309 1,690. 120 Totsl •xp•ndl¢ur• 1,837A83 1,878,309 1.690, 120 N•t Incom? Tr8n3fers beten fd8 28,862 32.350 217,012 13 {S,488) N•t mov•mont In fund• 32.350 217,012 R•conclllallon ot fund•: Totsl fund¥ brought folvrd Nel movemonl in 2,198,876 2,198,876 32.350 1,981,864 217,012 Totsl fund• G•rri•d Iofwawd 2.231.226 2,231,226 2, 198,876 The St8t8mgnt of fin8nci818ctivities indudes all gains and losses recognised in the year. Tho notes on pages 14 to 29 forni part of these finand818talemenl8. Page 11
THE ST ANDREWS SCHOOL TRUST (A company Ilmlted by guarant8e) REGISTERED NUMBEFL. 06729913 BALANCE SHEEr AS AT 31 AUGUST 2024 2024 2023 Flx•d aBset• T8nglble assets 1,548.994 1,561.340 1.548,994 7.561,340 CuTh•nt ••••ts Debtors Investments C8th 81 b8rrf( and in hand 10 11 799,119 276,869 666,623 270.419 419,053 1.$2S242 1.356,095 Creditors.. amounts lalling due %h1n ono year 12 {843,010) (718.559) Nel ¢urr•nt a•••t• 681232 837,536 TO1 n•t 2,231,228 2, 198,876 Ch•rlty funds Restr1cted fuTrJs UnrestriGted fund8 13 13 2.231.228 2,198,876 Total lunds 2,231,226 2,198,876 The TnJs18es aCkno¥edge iheir rtspmsibli ities for complying ith tha rtyuirement8 of tr Aci with re8pecl trj acuAJnts'ng records and preparation of finanaal stalomÈnts. The financial stalements have been wep8rwJ In ¢danc£ ith the tKOVi9cMts appilcable to enbties subject to the small companie$ regime. The Ilnancial statemerts were aPFved and auttrNxiJ for is5 ty the Trustees 8nd signed on their beh81f by.. J8nnifer M•ara rustee) Date.. 19 May 2025 The noles on pages 14 to 29 lom part of these finanual statemerts. Page 12
THE ST ANDREWS SCHOOL TRUST (A ¢omwy Ilmlted by guarant••l STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AiIGUST 2024 2024 2023 Ca*h flow• fr(•m op•rnllng actlvltl•s Npt cash generated from11u1 in) (wallng 8(alvstie8 85,682 (293,013) Cash Ilows from Inv•sllng actlvltl•• Pur¢ho¥e of tangibie fixed assets Interest recdv& 155,4831 (178,411) 6.452 2,458 Not cash used In Invo•tlng •ctMO 149,031) (175.953) Ch•ng• In u•h •nd cash •qulv•l•nts In th• ymr Cath and (xsh equivalents at the btyinnlng of the year 36,651 689.472 (4B8.9661 1. 158.438 ¢h and ca•h •qulvalonts ot th¢ •nd of th• 726,123 689,472 Tho ncrtes ¢Jn pages 1410 29 Icym part of the8e financial Statements Page 13
THE 8T ANDREIYS SCHOOL TRUST (A c4xnpAny limit•d by guavant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng polldos 1.1 Buls of pr•parallon of fln•nd•l ¥l•l•m•nt• The financial alements have beèn prepar&J In ateordancE the Charities SORP {FRS 1021 . Acwunlng arnl ReF¥yts'ng by Charrbe& Statement of Reccnmended Practicè applicablè to charlttes preparing thar acc(yJnts In accordance ith the Financaal Rewrting Standarrj appli(8ble in the UK Republlc Ird8nd (FRS 102) leffedlve 1 January 20191. the Flnanclal Repotlng Standard applicable in the UK aThJ Republlc of Ireland (FRS 102) arKI the Companies Art 20(6. The Sl Andrews Sthwl Trust meets the definitlc#) of a Nknlic benefrt entity under FRS 102. As8ets 8NJ114bililies are initially rew3ni5ed al historical co8t or transaction value un18ss otheThs8 Slated In Ihe relevant accwnvw poth.. 12 C¢xnpJny •tstu• Tho ¢harltabl• conpany 18 a pAnY Ilmlted by guarantee, Incc¥p(nted In England and Wales, registration Nmber C1fj729913. The r44sted offiee Is AMertOn Hall. Holl Road. Aylmerton, Norfdk. NR118QA. Th8 m8mb&s of Ihg charitable company are the Trustees naned on page 1. In the event ol the ch8ritsble c(xnpany bwry wYJJnd up. Ilability In resprf of Iho guoronlee is Ilmltad lo £1 pw membw of the dwrltatle ¢omp8ny. 1.3 Golng conc•m After making aPFrf(prlate eWrieS, the Tru have a reawnalAe exptiOn that the charitable eAynpany has adequate resour¢es lo conbnue in operallrmal ex18tence for the foreseeable future. rhé Tru3ta8s have cowdered the level of funds held and ts exre¢ted lev81 CO incle 8nd expenditure f 12 month5 frtyn 8uth0ri5ing these finanaal statements. budgeted income 8nd exwdilurè 1$ suffidenl the levd of resee3 for ihe Sco)I lo be Se to ntinue as 8 gng concem. For thi8 reason W o)ntinue to adopt thè golThJ CAincém ba$ in prgpariThJ the fln8nd81 statements. 1A Income JI InCe Is recc•3nl8ed the ch•ttable (y)mwy ha& enuuwnent to the Inecffie, it Is prrable that the Income VAII bo re¢4v8d arKI the amourrt of Inc(0 r9cdvae can b8 mea8ured rellabFy. Grents ore included in the Statement of fingnaal activitbe5 on a r8ceivable basis. The b818nc4 of incxime received for spectfic purpose¥ bLrt not eXpded during riod 15 showi in the Tg18V•rt funds on the Balanc* sheet. Whwe InMe is received in advance of entitlement of re¢erpt, its recognition is defd and indudèj In clit$ as defwred Income. Where ents'uement occurs before Inc8 is recerved. Ihe InC(e is aC£ed. Page 14
THE ST ANDREYfS SCHOOL TRUST {A company Ilrnft¢d by guarantse) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounllng pollcles (Gontlnued) 1.5 Exp•ndltur• ExpwNJilure l¥ reccwjn1j there 1$ a legal or mtructive obllgalion to transfer ec4)fMJmlc beneflt to 8 third party, it is prctsble that a transfer of benefits vill be réquired in settlement th8 amount of the obligalic) can be meawred reliatAy. Exp8nditLn 18 classified by activlty. The o)sls of each adivity are made up of th¢ total of direct costs and shared costs. Indudlng Supwl costs Invo8 in undertakjng each aclivlty. Dlrect costs attdbulable trj a slngle activity are allo¢ated direcaiy to that acb'vity. Support Lyjsts afe tIKe o)sts inaffTod diredly in 8UPPJt of eXPdItUre the obl8cts of the ch8ritob]e compony. GovemanGe ct)sts are th¢)se incurred in comeGtion 8dmini8tr8tion of thg Charttaa company (>>nlare constitutional and statutory requirements. Chadt8bl0 a(livili68 and Govem8rt8 costs oro Lijsts IncurrY on the tharftable companW6 educatsonal operations. including 8UFfOt Lts and co516 relatiThJ to the govemanc of th8 charftable company aFwU<Thd to cwltable adbvrtle& Expendilure charltable activitlos Is Incw¢d dirKUy Urthrta.ng tho activits85 vA)ich further the ch8rit8ble clpan8 rtilectlves, as 88 any 85socaated c08ts. 1.6 Int•r•¥l rnc•lvAb Interesl on fund5 held on de[11 is included kn receivat4e and the am01 can be measured r81iably by tho choritse company: th1818 nonnally upon rntifiG8tion of the interest paid payable by the institut1 th wttom the fund8 are depo8il&J. 1.7 T•nglbl• Ilxad a••ots •nd d•prnGl•llon T8ngit4e flxed assets o)sbw £SOO or mcTr 8ro ¢8ptslis&l. T8ngible flxed 8s¥e15 are carried at s1 or valUabC. net of deprecIatiC and any provisSon for mwrynent. 018t]0 is Provid at rates cal(l8j to vmle off the cost QT valuatton of fixed assets, less thair esb'm81ed rosidual valug. over thwr exp8Gled useful liv95 on the followng bass". Freetr prOty FiXre$ and fittings Office 9qUrnet Slnce acquisition the tharilable txmnpan5 freehold wopety h8s been underging 8 progrgmme of significant enhancement. Th8 prnpprty is 8lso subiect lo regular Independent valuation. In view of thls the Trustees cofYder il in?ppYwale to depTrLiate the property **ich is insiead sutgect to an annual impairrnerrt revhewto ensure that carryiry ¥81 dLW not gxcaed valuation. . Not deprecTr81 - 25% straight line & 10% gtraigm line - 25% slrdlght li 1.8 Dgbto Trad8 and txher debtors grS&j at the settirt amount after any trth dIsCAnI offergd. prepaents are valued al the alrnt k¥epaid nei of any trJe d19xxKts du8. Page 15
THE sr ANDREWS SCHOOL TRUST (A company Ilmlted by guarantee) MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 untlng pollcl•• Icontlnuad) 1.9 Cash at bank and In hand Cash at bank in hand indth (3Fh and thcAt48m) highly liquid investments 1th a short maturity of three monlhs or less frwi the date crf acqui$tirm or op8ning of tho deposit or Similar account. Cosh and short-tenn hlghly liquld Invegthents 1h 8 mattsrlty of more than thrne monlh8 aro included wthin t)Jrrent asset investrnents. 1.10 Uabllltlm and provl•lon• Liabilities are recojnised there 16 an tl9ation at the Balan¢ dwet date as a result of a p06t event. 51 is probable that 8 tran81eT of ec(niC benefit WTII be required in settlement, and the amount of the settlemont can be e81imated rellat4y. Llab114Ie$ èrg rec£¥Jnlsed at th8 arno that the Chw1tab company arrtlclp8t88 It VAII pay lo 8atU¢ the debt or the amount rt hos re¢olvwJ w adv8ncal payTnents for th8 gocth or 6eNlc88 It mu61 provide. Provisons are measured at the best emate of th8 amounts requtred to settle the obslgation. Where the effect of the time value of MLeY is material, the provigion is based on the sent value of those arnoun discounted al the dlsctymt rale that reflect8 the rfsks Specific lo ihe 118billty. The unvAndlng of the di9)nI is rec4)gni5ed in the Statemenl of finonu'al a¢UvlUes 8S 0 fin8nce co81. 1.11 Flnan¢lal In•trum•nts The ch8rit8ble company lY has finand818s$8ts and finwl81 Ilabllltlès of a klnd that qualify as basic finaTl81 instruments. Bagc finanryal inNments are initially re(wnised at transactlon value arKI SUtrquentIY me8surwJ at thelr Bettlement value. 1.12 Op•ratlng l••s•• Rentsls paid under qjw8kn.ng leases are (8rged to the Statement of financial activities on a straighl-ling bass over the leage lemi. 1.13 P•nslon6 The charblable cOmpY qwates a deffin (x)rrtributicm pen51 $dme and tho pension represents the amounts payablo by the thwitthe company to fund in resp&a of the ye8r. Retiment benefits to leathing #aff of Ihe th8rit8ble 8fe FldIxI by the Pensicffl Scheme (TrS'I. This is a dofin•l b8nefrt s(*8. The TPS is an unfunded 8Lheme and (xrtrllxJli(Mks are calculaled so as to spread the 9>1 of pengons over emoYees, Wrknng Ir¥es vAth Ihe Sdxx)l in sud) a vray that the ponsion cost is sut6tantially level pwcentaga of Current arKI futurE pensictle p8yfDII. The contributions are determined by the Govemment Actu on the iw's of qu8drennial valuations u%ng a prospectfve unit cxedit methtsj. TPS is an Unfl& muth"-eMoYer ytheme no uThJerlying assets to assign betsveeft wnKAoyef& Consequenuy. the TPS is treated as a defin8d tt)ntribUti¢ scheme for acnting purFM)ses and the contritrtrtior6 regnIsed in ihe pericKI lo vknich they relate. Page 16
THE ST ANDREWS SCHOOL TRUST IA company Ilmlt•d by guardnt•• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accauntlng polleles (conllnu•d) 1.14Fund accountlng Gweral fUrS are unrestrided luTh18 thich are avallaLle lor uee at tho discretion of the Trustees in further8 of the general ofy'eclives of the thwitablg (Mp8nY and have not teen de9gnal for other wrtKtses. Deslgnated funds comprlse unrestrf(ed lunds that have teen s6t aside by th8 Trustees lor particular purposes. The aim and use of each d8wgnated fund is set out In the notes to the flnanclal statements. R8slricl•d funds arg fund$ t*thith 8ro to bo u8ed in acwd¥n ¥¥ilh sp8c4fiG fgStriction8 imposed by dorhy¥ ¢y vknith have been by the charilatle lxmpY fcy partIlar purw5eB. The (x)sts of T8isir¥J adminiering fuThJ$ are th8fged 8gain51 the speca'fic fund. The alm 8nd us• of each re8trided fuThl is set (Krt in the n(X8s to the fin8ndal giglemerts. Incom• from charllabl• actlvltle• Total funds 2024 Total funds 2023 fundB 2024 NCC Fees 1,856,406 1.856,40 1,861,500 Tolal 2023 1.861,StXI 1.861.5CIJ Inve•tm•nl In¢ome Unrn•trlct•d lunds 2024 Total fund 2024 Tot81 fvnds 2023 Interest relxived 6,452 6,452 2,458 Tol812023 2,458 Page 17
THE ST ANDREWS SCHO(X TRUST IA Gompany Ilmltsd by guarant•e) NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 AUGUST 2024 Other In¢omlng r••ourc Unrestrlctsd Rmtrict funds fund• X124 2024 Total fund• 2024 Tolal funds 2023 Othw incoma Pupll premium T8acher8 Penglon8 Employer C(ffitsllti(I Granl Covi&19 fundlrvj 1.487 1,487 13,455 7.395 14,190 13,455 10,908 21.951 10,908 21,951 21,589 1.487 46,314 47,801 43,IT4 Tot812023 7,395 3&779 43,174 Thg Ccvld-19 fulIng of £21.951 relates to 8 caith up WL P8ge 18
THE ST ANDREWS SCHOOL TRUST (A ¢ompany limlt•d by guarantso) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 AUGUST 2024 atysls of exp•ndltur• by aGllvid Activlti•s undertaken directly 2024 Support Total fvnds 2024 Total funds 2023 2024 CharitalAe activitie$ Expenditure on govemarKe 1.811,6tM) 252.640 14.069 1,864,240 14.069 1,677,508 12,612 1,611.6(N) 266,709 1,878,309 1,690, 120 1.690, 120 TO$ 2023 1,454,013 236, 107 An418 of dlr•ct $1• Totsl tund• 2024 Tol•l fvnds 2023 1,480,950 6T,829 27,776 5,607 28,07fj 1.362 1.324.488 80,469 20,486 4,871 23,594 105 stsff costs Oepre¢l8tion classr Sutl'ed resources Rent and rates Llght heat D8S costs 1,611,000 1,454,013 Page 19
THE ST ANDREWS SCHOOL TRUST (A company limlted by guarantee) NOTES TO THE Ftr4ANCIAL STATEMENTS FOR THE YEAR EMDED 31 AUGUST 2024 Anaty•ls of expondllurn by a¢lMll•s Iwntlnu•d) Anaty•l of Support ¢ts Totsl nds 2024 Total funds 2023 Llfe s115 and trips Trav81 Free school meals Tralning ¢os18 3,079 8.611 8,047 11,312 3,$38 51,165 5,716 2,437 9,934 14,413 4, T56 54,829 Maintenance L li Teleph Subscriptions and li(nses Insurance SuThJries Cal¢h up re8wrce8 Postage and statsor*ry Equipment and fflateria18 Au(ilt and 8rJntanCY leos Profeslonal fegs ICT 11.666 30.696 40,985 28,297 18,649 9,662 24.847 31,953 21,546 8,303 8,341 4,300 12,612 10,751 11,707 4,711 14,069 15,911 6,324 286,709 236, 107 Audltor%' r•mun•rJtlon 2024 2023 Auditors, remuneration 12,000 10,¢ Page 20
THE ST ANDREWS SCHOOL TRUST IA company Ilmli•d by guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Wages and salanes Soaal security c4)sts PolOn costs 1.174,809 108,887 197.254 1.076,850 92.089 155,549 1.480.950 1,324,488 The average number of p8Trons emplo by th8 charftablg o)mpgny during Ihe year was 85 foll¢)va.' 2023 Employees 41 The rwmber ol employees %%ose emF4oyee benefits {exduding employw p8n%on costs) exceed•d £f,000 was: 2024 No. 2023 No. In the band £60,001- £70.000 The key managemenl perSne1 (KMP) indudes Ihe trustees and those member5 of 51aff a senior management personnd to the Twstee5 have degatl responbIlIty In tha day-ldaY runnlng crf the charftsble Cpany. The total amourt of remuneration reVe by the 3 membeTS of KMP12023- 31 fry their serv11 to the was £226.223 (2023- £266,423) for the yw. Trute••' T•mufi•rJllon and expenM• Dudng ltr year. rKJ Truste8s recefved any remurwation ry olher berrtS (2023- £NIL). During the yeai ended 31 AuSt 2024. exp888 totalling £NIL wer8 réimburs or paid directly to trustees {2023- £167) in relation lo Free SdKM)l Meals. Page 21
THE 8T ANDREVfS SCHOOL TRUST (A cOfflp Ilmltod by guardntge) NOTES TO THE FINANCIAL STATEAIENTS FOR THE YEAR ENDED 31 AUGUST 2024 Tanglble fid amets Fr••hold Fithre• and ffttings equlpment Totsl At 1 S6ptamb6r 2023 Addition8 1823.956 395.732 15.221 292,379 40.262 2,111067 5&483 Al 31 August 2024 1.423,956 410,953 332,641 2.167.550 D•pr•cl•llon At 1 September 2023 Charge for the y 315,986 38,079 234.761 29,750 550.727 67,829 At 31 Augu612024 264511 618,556 N•t book valu• At 31 August 2024 1,421956 50.90B 68,130 1,548,994 131 August 2023 1.421956 79, 766 57,618 1,56t,340 10. Debtorn 2024 2023 Due wlthln on• yur Trade deblors Prepayments 8nd acced in(Ze 751957 162 626,555 40,068 799.119 666.623 11. Current uset investmen18 2023 Cash dats 276.869 270,419 Page 22
THE ST ANDREWS SCHOOL TRUST (A company Umitsd by guarnntsel NOTES TO THe FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. c11t0T*. Amounts falllng duo withln one yonr 2024 2023 26,851 21.049 670.659 Trade creditors otheT creditor5 Ac¢ru81$ and deferred in¢une 46,931 28,307 769,772 843,010 718,559 2024 2023 Doferred IncL#ne 81 I Septemb¢r 2023 Re80ur¢es deferred durlng the yoar Amounts rdeased from previous period$ 621,IXIO 820,500 738,077 621.000 {621,01)0) (620,500) 738,077 621,000 Doferred Inc4xne relotes to sdlwl fees re¢£ivad in advarKa 8ThJ grants. Page 23
THE ST ANDREWS SCHOOL TRusr (Acompany Ilmhod by guarnnts•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. Stat•m•nt of fvnds stst•fflt of funds . currnnt y•ar BalanGe at 1 Balance at 31 August 2024 Translors Inlout 2023 Income Expendlture Unmtrlct•d fund• General funds Deslgnaled fund8 1,918.878 1,864,345 11,837,483 133.406) 1,912.332 38,894 318.894 2,198,876 1,864.345 (1,837,483) 5.488 2,231,226 RMtrl¢t•d fund• Pupil Covld-19 CatePtrup funding Teachers Penstons Employer ¢¢yrtrlbutlon GT8nl 11455 21.951 (7,946) 121.972) IS509) 21 10. {10,908) 46.314 (40,826) 15.4881 Tol•l of fvnds 2.198,876 1.910,659 11,878,309) 2,231,226 PU1 premlum is fundlng restrtcled f¢x spendng cm puplls as deslgnatod by tlw t)epgrtment fcr Education. The transfer to unrestri¢Xed funds rewesents pupll premium Snt on caFXtal items upon there18 no further re8lrictbc. The Covi¢>19 up fU11[j induded in the fees rec8ivatAe from NCC 18 restricted for 8p8nding on th08e put¥l8 ¥**K> require a(trJrtional aca1¢ due to Covid.19. The Teathar5 PeTon Employer C¢rtrltwb'¢m Grant provldes supkhJt in re5kX)nse to the Illcre In Iho employer ributi rate. Deslgnated funds reyewt a bank guarantee of £42,Ir25 In favwr of The setary of Stale for Edu¢8tion towBrds TeatheJs' Penyon$ &ib the fKhcrf)I fail to maet its Ilabilityes and 8 £276,869 provision in respect of future 6bff r8structyring (yJsts. Page 24
THE ST ANDREWS SCHOOL TRUST (A company Ilmlt•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. Ststsmgnt of funds {contlnu•d) 8tat•m•nt of lunds- ylor y•ar 8818nce 81 I SeM8mb 20Z2 8818n¢e 8t Transfers 31 August 2023 In(X Exp8ndKu Unrn8trlct•d fund• General funds Deslgnated lund8 1,697.085 2,1 1,871,353 {1,662,263) 12.701 1,918,876 280.000 1,97T,085 1.871,353 (1,662,263) 12,701 2,198,8T6 R•Atrlct•d fvnd• Pupil premium Covld-19 Cat fundlrKJ 14,1 21.589 {5,967) (21.890) {13,002J 301 35.779 {27.85n (12,701J Total ol fund¥ 1,981.864 I.7.*32 (1.690. 120) 2,198,876 14. Anatysl¥ of n•t a•Mts bthn•n fvnd¥ Analy81• of n•t ••i•ts between funds- Gumnt pwlod Unmtrlctod funds 2024 Totsl lund• 2024 Tangiblg fixod a$8ets Current assets Creditor5 due w7thin one year 1.548.994 1,546,994 1,525,242 1,525.242 (843,0101 1843,010) T•)tsl 2,231.226 2.231.226 Page 25
THE ST ANDREWS SCHOOL TRUST (A company IlmSted by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 14. Anatysls of n•t ass4ts b•twe•n funds {contlnu•d) Analysls of ass•ts b•two•n funds- prfor p•rfod Tot81 funds 2023 funds 2023 Tangfible fix¢d assats Cuttent assBts Creditors dug lthin (Th ye 1,561,340 1,356.095 1718,559) 1.561.340 1, 356,095 (718,559) Tol•l 2. 198,876 2, 198,876 15. RaconcIlli0n of n•t mov•m•nt In fund• to n•t ctsh flow opw•Ung •¢tlvltl 2024 2023 Net Inccffie for the perlod (as pgr Slement of Flnancial kbviti081 32,350 217,012 AdJu•tsn•nt• for: Deprneiation charg88 In(¥&88e In debtor8 Increase in cre(litors Bank Inte¥1 received 67.829 (132.496) 124.451 16,4521 80,469 (633,927) 45,891 (2,458) N•t ca•h (used Inygen•rth from Opern9 •¢ll¥ftl 85,682 (293,013) 1& of ¢a•h ond ¢uh •qulvaients 2023 Cash in harKI LiquKI investments 449.254 276,869 419,053 270.419 Total ush and cash equlvalents 726.123 689.472 Page 26
THE ST ANDREWS SCHOOL TRUST {A company limltsd by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 17. Analy8lB of changes In n•t debt At31 Augu 2024 C8sh at bank and in hand Llquid Imiestments 419,053 270,419 30,201 449,254 276,881 689,472 36,651 72&123 18. P•n•lon commltments D•fin•d contrlbutlon •ch•m• The charilalO company operales B defined c¥)nIriition pensi 8theme, The 8888ts of th• sc*8 are held sepaTalety from Ih08e rf tharitable rxmnpany in an lThJependently admini8lere(I fund, The pen51on cost tharge repre8enls ccrfrtritsjllcffls payable ty the thadtable company to the luNJ and amounlod to £59.52412023 - £S3,131). ContritKrt1tS It)tslling £NII12023 -. £Nil} were payablo lo the fund * the balance sheet date arKI are induded In uedltor& Teach•rA' P•n•l¢)n Sch•me The T¢8r¥. Penslon Stheme (TPS)18 a stsluW, ¢ontrl1xrty, defined ben8frt theme. g0veM by the Te8thers' PensiL sthe R8gulats"cm 2014. Memter8hip 18 autornatsc for full-time leothars 8nd. fr 1 January 2007, aulomatic fLY teacher¥ in part.time n[A0nent follcwng 3PPDintrnent or change of contracl, 8lthough tlw are able to Lwt out. The TPS18 an unfurthd 8theme and membws contritmjle on a b8y as you go, b8SiS. theso L¥Jntribvtions along with those made by employer8 are credited to the Exthequw. Rthrement and other pen4on benèflls are pald by pIC ILbnds provid by PadiamenL Page 27
THE ST ANDREWS SCHOOL TRUST (A company limlt•d by guarantse) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 AUGUST 2024 18. P•nslon commItmts Icontlnued) Valuatlon of th• Teactws. PoMion Schem The Govemment Actuary using ncymal 8¢tuwial prlrtiples. cfJ)ducts a fornal adu8rial review of the Trs in 8co>)rdanix ith the Publlc Service Pen¥ions (Valuations 8nd Employor C05t Cap) Dir8cllons 2014 published by HM Treasury every 4 yws. The aim of the review is to spec4fy lh8 level of future contrlbulions. Acluadal 8theme valuations are detwdent on assumptions about the value of future ¢osts, deggn of benefits and many other facloys. Tha lats actuarial Valuaon of the TPS was carried out as at 31 March 2020. The valuation rep vfds PUt4iknJ by the Department for Education cv) 26 October 2023. Tha key oants of the valu8tlon 8nd subsequont U)nlt9.0n ar•: emrdoyer wntribLrtlon rates set at 2868% of penslonablo pay Ilndudlng a 0.08% administration 18vyI. Th18 is an Increase of 5% in employer (xrknbutiS 8nd the 51 (nntrd result is such that no charff4e in member beneflts is n¢&J&J: and total 8them8 lieblllties (pensions in payment and th8 8Stimgt8d COBt of ftstur8 b8n8fi18) for 8ervlce to the effe(lve date of £262.CK)O mllilcm and nolional a88ets le8llmat8d future rj)ntribukncS together the notlonal investrnents hdd at the valuation dale) of £222,21XI mlllion, giving a notion81 past Servi d8fiGit of £39,800 mllllen The re¥ull ol this valu8kn was ImFAemefrted frwn 1 ri12024. The naxl Valuati re¥uti Is dug lo be Implem¢fitsd from l Aryil 2028. The employefs penslffl ry)st6 paid to TPS in the yew amrnmted to £120,20912023- £101,572). A copy of Ibe valuallon report SUFwting d0Mentati[S the Teachers, Penslon webslts. Under the definititys sot out In FRS 102. the TPS is an unfunded multi-emptyer 8themo. Th8 charitsble company h8S OCCQUllted for c<Jnln'tyJtlc to the scheme a6 if it were 8 defined conlritxrtlon scheme. The (aritabl8 h88 Bet out above inlomialsc available on tho stherne. 19. Op•rJtlng l•M• Gommltm•nts Al 31 August 2024 the charitae cOmY had c(xnmllrn8nts to make firture rnlnlmum lease wnents der noTrwicellable q)wallng leases a5 follovts.. 2024 2023 1,512 378 891 Not later than 1 year Later than 1 year and not latw than S yew3 During the year lease p8ymw)ts of £1.899 (20rJ - £2.728) have bew reccmjnised as an éxpensa in the Slatsment of finaal 8cviti8S. Page 28
THE ST ANDREWS SCHOOL TRUST (A company Ilmlted by guaTante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2024 R•latod party tran$actl¢)Ds During the year Mr C Jacks. the husboTh1 of Mie Jackson (Claef Finance & Operations Offlcer) w8S employed by the sthod. Mr C Jackson is effl Using thè s¢*ool's st4thd p8y8(alo8 and is Scale J point 33. Page 29