OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-08-31-accounts

Registered number: 06729913 Charity number: 1129232

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charitable company, its Trustees and 1
advisers
Trustees' report 2 - 6
Independent auditors' report on the financial statements 7 - 10
Statement of financial activities 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14 - 29

THE ST ANDREW'S SCHOOL TRUST (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025

Trustees Sue Brisbane
Michael Goodwin
Michael Hodges
Chris Johnson (resigned 9 September 2024)
Jennifer Meara
Rose Robinson
David Yates (appointed 9 September 2024)
Beverley Evans (appointed 17 March 2025, resigned 3 January 2026)
Company registered
number
06729913
Charity registered
number
1129232
Registered office
Aylmerton Hall
Holt Road
Aylmerton
Norfolk
NR11 8QA
Independent auditors
Larking Gowen LLP
Chartered Accountants
Statutory Auditors
1st Floor, Prospect House
Rouen Road
Norwich
NR1 1RE
Bankers
Co-operative Bank Plc
Head Office
P.O. Box 101
1 Balloon Street
Manchester
M60 4EP
Solicitors
Birketts
Kingfisher House
1 Gilders Way
Norwich
Norfolk
NR3 1UB

Page 1

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees present their annual report together with the audited financial statements of the charitable company for 1 September 2024 to 31 August 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charitable company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

Our charity's purpose as set out in the objects contained in the company's memorandum and articles of association is to provide special needs education.

The aim of our charity is to advance the education of children and young people with speech, language and communication difficulties. Our aims fully reflect the purposes that the charity was set up to further.

The main objectives for the year continued to be the advancement of the education of children and young people with speech, language and communication difficulties. The strategies we used to meet these objectives included:

b. Main activities undertaken to further the charitable company's purposes for the public benefit

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity 'PB2'.

Achievements and performance

a. Review of activities

The number of students in the school is 53. Approval was received from the Department for Education in December 2023 for an increase in student numbers to 60, effective from September 2024. The school was Ofsted inspected in March 2023 and was judged as ‘Good’ in all areas.

Following a rigorous recruitment process, a new headteacher was appointed to commence in September 2024. He has thoroughly overhauled school policies and put in place a robust process for self-evaluation resulting in a new school improvement plan. A new school leadership team is now in place and job roles will continue to be reviewed.

Page 2

THE ST ANDREW'S SCHOOL TRUST (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance (continued)

Technology provision in the school continues to be updated with a new server and internet cabling. Ben Q interactive screens are now used in every classroom, replacing the outdated smartboards. Additional laptops were purchased to cater for the increase in student numbers and further purchases will be made to replace old laptops with newer models. The physical and mental health and well being of students has been promoted by increasing the number of swimming lessons for each class and various sports activities are now offered every lunchtime. PE is now an option choice to students in years 10 and 11. Students continued to enjoy off site activities and the use of the school minibuses also enabled a range of life skill topics to be taught. The school continues to buy in an external counselling service with a number of students benefiting from 1:1 counselling sessions on a weekly basis.

The charity has continued the development of the school facilities during the year, carrying out a full renovation of windows, internal redecoration, replacement of fluorescent tubes with LED lights and improvements to fire and intruder alarms. Regular servicing and testing of health and safety concerns ensures that the school continues to meet the requirements of the Independent School Standards Regulations.

b. Investment policy and performance

Aside from retaining a prudent amount in reserves each year, most of the charity's funds are to be spent in the short term, so there are few funds available for long term investment. The savings account continues to be topped up on a yearly basis to ensure that there are sufficient funds to cover redundancy costs for all employed staff. Remaining balances will be saved until there is enough surplus to replace the remaining portacabin with a further eco build in future years.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

The school continues to receive student placement requests from Norfolk County Council. We anticipate an uplift to our funding rates per pupil from September 2026. The school continues to work with the Local Authority to try and secure a long-term agreement for them to continue to place students at the school.

Page 3

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

b. Reserves policy

The surplus for the year of £101,770 (2024: £32,350) continues to be invested in the further development of the school facilities, particularly in the area of eco classrooms.

The trustees, in conjunction with management, regularly review the finances of the school and receive monthly management accounts which give an overview of how well spending is managed against budget. The level of reserves within the school is reviewed within this framework.

The trustees have revised their views on the amount of reserves to be held and have decided to hold funds to cover actual redundancy costs due at the end of any academic year plus any existing commitments.

Unrestricted reserves as at the year end were £2,332,996 (2024: £2,231,226). Restricted funds as at the year end were £Nil (2024: £Nil). Details of the restricted funds can be found at note 13 and 14. Free reserves on 31 August 2025 total £921,406 (2024: £682,232).

Structure, governance and management

a. Constitution

The St Andrew's School Trust is a charitable company limited by guarantee, incorporated on the 22 October 2008, and registered as a charity on the 21 April 2009. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under the articles of association. In the event of the company being wound up, the members are required to contribute an amount not exceeding £1.

b. Methods of appointment or election of Trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's articles, are known as members of the company.

All appointments and resignations are reviewed at the annual general meeting and if necessary, voted upon by the members and decided by a majority vote.

Due to the nature of the charity's work which inevitably focuses upon children and young people, the trustees of the charity seek to ensure that the needs of these groups are appropriately reflected through the diversity of the trustee board. When looking at new appointments, the trustees consider the skills that each potential trustee can bring to the charity to maintain a broad mix of skills, qualifications and business knowledge that will assist the charity's growth. If particular skills are lost due to retirements, individuals are approached to offer themselves for election to the trustee board.

c. Senior Management Team Pay Policy

The trustees review the pay of the senior management team in late summer or early autumn term. For the last four years they have implemented the pay awards given by Government and have followed the same incremental progression as national pay scales for teachers. The trustees however have not formally adopted any national pay scales as this then gives them greater flexibility to offer awards above or below national rates to fit the needs of the school and individual performance levels of staff.

Pay for the newly appointed headteacher and the senior management team was revised to align with national pay rates and reflect the relevant pay group for the size and nature of the school.

Page 4

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Structure, governance and management (continued)

d. Risk management

The trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the charitable company and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

The mental health and wellbeing of the students remain a key focus of the school which continues to support each child individually. This support has been offered through providing 1:1 counselling sessions, more selfregulation and improved therapy input, drawing and talking therapy and accessing external help and support as appropriate to meet individual needs. A new behaviour management policy and practice has supported staff in their management of students.

The school is continuing to invest in resources using catch up funding including the purchase of Read, Write, Ink (Literacy programme), additional teacher input for maths interventions etc. It has also invested in a number of other literacy interventions including NESSY and spelling shed. The staffing structure now also includes phase leaders which have replaced Head of Department roles within the school.

Plans for future periods

The trustees remain committed to ensuring that the students receive the best education possible and feel that it is important to have high quality resources to be able to reach their full potential. Therefore, a priority for the next few years is to dispense with the remaining old portacabin which requires high levels of maintenance due to its age, and to replace it with a new building.

The school has been implementing a rolling programme for IT equipment as some of the original computers and smart boards that the school still had in place were second hand donations and were no longer fit for purpose. By implementing a rolling programme for replacement, it should mean that all computers will be fit for purpose.

The school will continue to invest in new teaching resources and will continue to expand its choice of options for Year 10 and 11 students.

It buys into an external alternative provision for students who wish to undertake a more practical course in year 10 and 11 that cannot be offered by the school.

It continues to invest in staff development which will enhance the learning experience for the students. Part of this development is the rolling program to have all staff trained in TEACCH (Treatment and Education of Autistic and Related Communication Handicapped Children) principles.

It purchases the services of two counsellors who visit the school one day per week to offer support for students who require additional mental health support.

Fundraising activities

The charity did not secure any grant funding in the year due. The charity is not aware of any failures, during the year ended 31 August 2025 (2024: none), by the charity or any person acting on its behalf, to comply with its fundraising standards, nor did it receive any complaints about fundraising activity. The charity's relevant staff have been provided with training on how to protect vulnerable people and other members of the public from behaviour which is an unreasonable intrusion on a person’s privacy; is unreasonably persistent; and places undue pressure on a person to give money or other property.

Page 5

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees 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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Approved by order of the members of the board of Trustees and signed on their behalf by:

Michael Goodwin

(Chair of Trustees) Date: 18 May 2026

Page 6

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ST ANDREW'S SCHOOL TRUST

Opinion

We have audited the financial statements of The St Andrew's School Trust (the 'charitable company') for the year ended 31 August 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 Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 with these requirements. In particular, we have applied the exemptions available within the FRC's Ethical Standard - Provisions Available for Audits of Small Entities, paragraphs 6.11 and 6.15, in providing assistance with the calculation of accounting adjustments. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 7

THE ST ANDREW'S SCHOOL TRUST (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ST ANDREW'S SCHOOL TRUST (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to 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:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement on page 6, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Page 8

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ST ANDREW'S SCHOOL TRUST (CONTINUED)

Responsibilities of trustees (continued)

In preparing the financial statements, the Trustees 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 Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was capable of detecting irregularities, including fraud

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

Due to the field in which the charitable company operates, we identified areas most likely to have a direct material impact on the financial statements as compliance with accounting standards, including Charities SORP (FRS 102) and charity law. In addition, we considered the provisions of other laws and regulations which, whilst not having a direct impact on the financial statements, are fundamental to the charitable company's ability to operate, including safeguarding requirements, health and safety, employment law, data protection and compliance with various other regulations relevant to the conduct of the charitable company's operations.

Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, included the following:

Page 9

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ST ANDREW'S SCHOOL TRUST (CONTINUED)

Auditors' responsibilities for the audit of the financial statements (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

Use of our report

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

John Atkins ACA FCCA (Senior statutory auditor)

for and on behalf of Larking Gowen LLP Chartered Accountants Statutory Auditors 1st Floor, Prospect House Rouen Road Norwich NR1 1RE 18 May 2026

Page 10

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Note
Income from:
Charitable activities
2
Investments
3
Other income
4
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
2,211,676
7,105
2,543
2,221,324
2,119,554
2,119,554
101,770
2,231,226
101,770
2,332,996		 Restricted
funds
2025
£
-
-
83,362
83,362
83,362
83,362
-
-
-
-		 Total
funds
2025
£
2,211,676
7,105
85,905
2,304,686
2,202,916
2,202,916
101,770
2,231,226
101,770
2,332,996		 Total
funds
2024
£
1,856,406
6,452
47,801
1,910,659
1,878,309
1,878,309
32,350
2,198,876
32,350
2,231,226

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 14 to 29 form part of these financial statements.

Page 11

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee) REGISTERED NUMBER: 06729913

BALANCE SHEET AS AT 31 AUGUST 2025

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Investments
11
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
12
Net current assets
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 1,014,500
357,279
467,816
1,839,595
(918,189)		 2025
£
1,411,590
1,411,590
921,406
2,332,996
-
2,332,996
2,332,996		 799,119
276,869
449,254
1,525,242
(843,010)		 2024
£
1,548,994
1,548,994
682,232
2,231,226
-
2,231,226
2,231,226

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Michael Goodwin (Trustee) Date: 18 May 2026

The notes on pages 14 to 29 form part of these financial statements.

Page 12

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

Cash flows from operating activities
Net cash generated from operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 14 to 29 form part of these financial statements		 2025
£
144,419
(52,552)
7,105
(45,447)
98,972
726,123
825,095		 2024
£
85,682
(55,483)
6,452
(49,031)
36,651
689,472
726,123

Page 13

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The St Andrew's School Trust 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 stated in the relevant accounting policy.

1.2 Company status

The charitable company is a company limited by guarantee, incorporated in England and Wales, registration number 06729913. The registered office is Aylmerton Hall, Holt Road, Aylmerton, Norfolk, NR11 8QA. The members of the charitable company are the Trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company.

1.3 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from the date of authorising these financial statements.

The budget for the year ending 31 August 2026 indicates a deficit, resulting from investment in the school and staffing in order to maintain the school's high educational standards. Taken together, the surplus in FY2025 and the deficit in FY2026 represent an approximately breakeven position over the two years. From 2026/27, an increase in pupil numbers is expected to result in a more balanced position.

Accordingly, the Trustees continue to adopt the going concern basis in preparing the financial statements.

1.4 Income

All income is recognised net of VAT once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 14

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. Accounting policies (continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 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 to a single activity are allocated directly to that activity.

Support costs are those costs incurred directly in support of expenditure on the objects of the charitable company. Governance costs are those incurred in connection with administration of the charitable company and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charitable company's educational operations, including support costs and costs relating to the governance of the charitable company apportioned to charitable activities.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitable company's objectives, as well as any associated support costs.

Expenditure is recognised net of recoverable VAT

1.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charitable company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised.

Tangible fixed assets are carried at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold property - 2% straight line - Fixtures and fittings 25% straight line & 10% straight line - Office equipment 25% straight line

1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 15

(A company limited by guarantee)

THE ST ANDREW'S SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. Accounting policies (continued)

1.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Cash and short-term highly liquid investments with a maturity of more than three months are included within current asset investments.

1.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time 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 discount is recognised in the Statement of financial activities as a finance cost.

1.11 Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

1.13 Pensions

The charitable company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charitable company to the fund in respect of the year.

Retirement benefits to teaching staff of the charitable company are provided by the Teachers' Pension Scheme ("TPS"). This is a defined benefit scheme.

The TPS is an unfunded scheme and contributions are calculated so as to spread the cost of pensions over employees’ working lives with the School in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quadrennial valuations using a prospective unit credit method. TPS is an unfunded multi-employer scheme with no underlying assets to assign between employers. Consequently, the TPS is treated as a defined contribution scheme for accounting purposes and the contributions recognised in the period to which they relate.

Page 16

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. Accounting policies (continued)

1.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions 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 to the financial statements.

2. Income from charitable activities

Unrestricted
funds
2025
£
NCC Fees
2,211,676
Total 2024
1,856,406		 Total
funds
2025
£
2,211,676
1,856,406		 Total
funds
2024
£
1,856,406

3. Investment income

Unrestricted
funds
2025
£
Interest received
7,105
Total 2024
6,452		 Total
funds
2025
£
7,105
6,452		 Total
funds
2024
£
6,452

Page 17

(A company limited by guarantee)

THE ST ANDREW'S SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

4. Other incoming resources

Unrestricted
funds
2025
£
Other income
2,543
Pupil premium
-
Teachers Pensions Employer Contribution
Grant
-
Covid-19 funding
-
Core School Budget Grant
-
2,543
Total 2024
1,487		 Restricted
funds
2025
£
-
14,140
15,272
-
53,950
83,362
46,314		 Total
funds
2025
£
2,543
14,140
15,272
-
53,950
85,905
47,801		 Total
funds
2024
£
1,487
13,455
10,908
21,951
-
47,801

Page 18

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

5. Analysis of expenditure by activities

Charitable activities
Expenditure on governance
Total 2024
Analysis of direct costs
Staff costs
Depreciation
Classroom subject resources
Rent and rates
Light and heat
DBS costs		 Activities
undertaken
directly
2025
£
1,961,752
-
1,961,752
1,611,600		 Support
costs
2025
£
228,498
12,666
241,164
266,709		 Total
funds
2025
£
2,190,250
12,666
2,202,916
1,878,309
Total
funds
2025
£
1,822,641
99,009
19,625
5,504
14,985
(12)
1,961,752		 Total
funds
2024
£
1,864,240
14,069
1,878,309
Total
funds
2024
£
1,480,950
67,829
27,776
5,607
28,076
1,362
1,611,600

Page 19

THE ST ANDREW'S SCHOOL TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

5. Analysis of expenditure by activities (continued)

Analysis of support costs

Life skills and trips
Travel
Pupil premium and free school meals
Pre-registration input VAT recovered
Training costs
Rewards
Maintenance
Telephone
Subscriptions and licenses
Insurance
Sundries
Catch up resources
Postage and stationery
Equipment and materials
Audit and accountancy fees
Professional fees
ICT		 Total
funds
2025
£
3,303
4,955
15,983
(17,220)
3,453
5,376
48,548
11,296
21,991
44,108
28,134
350
9,559
869
12,666
37,776
10,017
241,164		 Total
funds
2024
£
3,079
8,611
8,047
-
11,312
3,538
51,165
11,666
30,696
40,985
28,297
18,649
9,649
4,711
14,069
15,911
6,324
266,709

Following a change in the VAT status of school fees, the School registered for VAT in November 2024. As a result, input VAT incurred on expenditure during 2025 has largely been recovered. Since registration, expenditure is recorded net of recoverable VAT. The comparative figures are all inclusive of input VAT which was not recoverable in the prior year.

Pre-registration input VAT recoverable relating to costs incurred before registration is shown as a seperate line.

Page 20

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

6. Auditors' remuneration

2025 2024
£ £
Auditors' remuneration 10,675 12,000
Fees payable to the charitable company's auditor in respect of:
All taxation advisory services not included above 1,525 -
All assurance services not included above 925 875

7. Staff costs

Wages and salaries
Social security costs
Pension costs		 2025
£
1,428,724
148,253
245,664
1,822,641		 2024
£
1,174,809
108,887
197,254
1,480,950

The average number of persons employed by the charitable company during the year was as follows:

2025 2024
No. No.
Employees 49 44

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
No. No.
In the band £60,001 - £70,000 1 2
In the band £70,001 - £80,000 1 -

Employers' pension contributions in respect of the employee in the band £60,001 - £70,000 was £19,515 (2024 - £32,767) and in the band £70,001 - £80,000 was £21,171 (2024 - £NIL).

The key management personnel (KMP) includes the trustees and those members of staff who are senior management personnel to whom the Trustees have delegated responsibility in the day-to-day running of the charitable company. The total amount of remuneration received by the 4 members of KMP (2024 - 3) for their services to the school was £331,766 (2024 - £226,223) for the year.

Page 21

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year, no Trustee expenses were reimbursed (2024 - £NIL).

9. Tangible fixed assets

Cost
At 1 September 2024
Additions
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Freehold
property
£
1,423,956
(90,947)
1,333,009
-
40,734
40,734
1,292,275
1,423,956		 Fixtures and
fittings
£
410,953
31,630
442,583
354,045
30,764
384,809
57,774
56,908		 Office
equipment
£
332,641
20,922
353,563
264,511
27,511
292,022
61,541
68,130		 Total
£
2,167,550
(38,395)
2,129,155
618,556
99,009
717,565
1,411,590
1,548,994

The negative additions to the cost of freehold property relates to input VAT incurred prior to VAT registration previously treated as irrecoverable, which is now recoverable under the Capital Goods Scheme.

Page 22

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

10. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
817,481
90,947
106,072
1,014,500		 2024
£
753,957
-
45,162
799,119

11. Current asset investments

Cash deposits
Creditors: Amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 September 2024
Resources deferred during the year
Amounts released from previous periods		 2025
£
357,279
2025
£
27,084
131,737
32,619
726,749
918,189
2025
£
738,077
686,124
(738,077)
686,124		 2024
£
276,869
2024
£
46,931
-
26,307
769,772
843,010
2024
£
621,000
738,077
(621,000)
738,077

12. Creditors: Amounts falling due within one year

Deferred income relates to school fees received in advance and grants.

Page 23

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. Statement of funds

Statement of funds - current year

Balance at 1
September
2024
£
Unrestricted funds
General funds
1,912,332
Designated funds
318,894
2,231,226
Restricted funds
Pupil premium
-
Teachers Pensions Employer
Contribution Grant
-
CSBG Income
-
-
Total of funds
2,231,226		 Income
£
Expenditure
£
2,221,324
(2,119,554)
-
-
2,221,324
(2,119,554)
14,140
(14,140)
15,272
(15,272)
53,950
(53,950)
83,362
(83,362)
2,304,686
(2,202,916)		 Transfers
in/out
£
(81,068)
81,068
-
-
-
-
-
-		 Balance at
31 August
2025
£
1,933,034
399,962
2,332,996
-
-
-
-
2,332,996

Pupil premium is funding restricted for spending on pupils as designated by the Department for Education.

The Teachers' Pension Employer Contribution Grant provides support in response to the increase in the employer contribution rate.

The Core School Budget Grant (CSBG) provides support for costs associated with teacher and support staff pay increases and Teachers' Pensions contribution for the 24/25 year.

Designated funds represent a bank guarantee of £42,683 in favour of The Secretary of State for Education towards Teachers' Pensions should the school fail to meet its liabilities and a £357,279 provision in respect of future staff restructuring costs.

Page 24

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General funds
Designated funds
Restricted funds
Pupil premium
Covid-19 Catch-up funding
Teachers' Pension Employer
Contribution Grant
Total of funds		 Balance at
1 September
2023
£
1,918,876
280,000
2,198,876
-
-
-
-
2,198,876		 Income
£
1,864,345
-
1,864,345
13,455
21,951
10,908
46,314
1,910,659		 Expenditure
£
(1,837,483)
-
(1,837,483)
(7,946)
(21,972)
(10,908)
(40,826)
(1,878,309)		 Transfers
in/out
£
(33,406)
38,894
5,488
(5,509)
21
-
(5,488)
-		 Balance at
31 August
2024
£
1,912,332
318,894
2,231,226
-
-
-
-
2,231,226

The Covid-19 catch up funding included in the fees receivable from NCC is restricted for spending on those pupils who require additional academic support due to Covid-19.

Page 25

(A company limited by guarantee)

THE ST ANDREW'S SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
1,411,590
Current assets
1,839,595
Creditors due within one year
(918,189)
Total
2,332,996
Analysis of net assets between funds - prior year
Unrestricted
funds
2024
£
Tangible fixed assets
1,548,994
Current assets
1,525,242
Creditors due within one year
(843,010)
Total
2,231,226		 Total
funds
2025
£
1,411,590
1,839,595
(918,189)
2,332,996
Total
funds
2024
£
1,548,994
1,525,242
(843,010)
2,231,226

15. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Increase in debtors
Increase in creditors
Bank interest received
Net cash generated from operating activities		 2025
£
101,770
58,275
(124,434)
75,179
(7,105)
103,685		 2024
£
32,350
67,829
(132,496)
124,451
(6,452)
85,682

Page 26

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

16. Analysis of cash and cash equivalents

Cash in hand
Liquid investments
Total cash and cash equivalents		 2025
£
467,816
357,279
825,095		 2024
£
449,254
276,869
726,123

17. Analysis of changes in net debt

Cash at bank and in hand
Liquid investments		 At 1
September
2024
£
449,254
276,869
726,123		 Cash flows
£
18,562
80,410
98,972		 At 31
August
2025
£
467,816
357,279
825,095

18. Pension commitments

Defined contribution scheme

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £65,500 (2024 - £59,524). Contributions totalling £Nil (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Teachers' Pension Scheme

The Teachers' Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by the Teachers' Pension Scheme Regulations 2014. Membership is automatic for full-time teachers and, from 1 January 2007, automatic for teachers in part-time employment following appointment or change of contract, although they are able to opt out.

The TPS is an unfunded scheme and members contribute on a 'pay as you go' basis - these contributions along with those made by employers are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

Page 27

THE ST ANDREW'S SCHOOL TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

18. Pension commitments (continued)

Valuation of the Teachers' Pension Scheme

The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2020. The valuation report was published by the Department for Education on 26 October 2023. The key elements of the valuation and subsequent consultation are:

The result of this valuation was implemented from 1 April 2024. The next valuation result is due to be implemented from 1 April 2028.

The employer's pension costs paid to TPS in the year amounted to £180,164 (2024 - £120,209).

A copy of the valuation report and supporting documentation is on the Teachers' Pension website.

Under the definitions set out in FRS 102, the TPS is an unfunded multi-employer scheme. The charitable company has accounted for its contributions to the scheme as if it were a defined contribution scheme. The charitable company has set out above the information available on the scheme.

19. Operating lease commitments

At 31 August 2025 the charitable company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2025
£
378
-
378		 2024
£
1,512
378
1,890

During the year lease payments of £1,512 (2024 - £1,899) have been recognised as an expense in the Statement of financial activities.

Page 28

THE ST ANDREW'S SCHOOL TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

20. Related party transactions

During the current year, the husband and the son of a member of senior management were employed by the school on standard payscales 33 and 29 respectively.

The husband of a trustee was also contracted by the school to provide counselling services for £6,360 (2024 - £2,220).

Page 29