2024-08-31-accounts

	Page
Reference and Administrative Details of the Company, its Governors and Advisers	1-2
Governors' Report	3-13
Independent Auditors' Report on the Financial Statements	14-17
Statement of Financial Activities	18
Balance Sheet	19
Statement of Cash Flows	20
Notes to the Financial Statements	21-39

Governors	MrMiroslawGliniecki, Bishop’sRepresentative&ChairofGovernors
	MrMarkChatterton,Vice Chair
	RevPatrickSherlockSDB,Rector
	RevMarcoVillaniSDB
	RevPeterBrealeySDB
	MrPaulTurrell
	MrClaytonAlmeida(resigned 23October2024)
	MrAnthonyGribbon
	MrsAnneNash
	Mrs TracyJones
	MrsPaulaDix(appointed23October 2024)
	MrGerardOwens,Headmaster
	MrPaulDalgas,Teacher Governor
	MrStuartBannister(appointed 23October2024)
	MrMatthewBunyan(resigned 23October2024)
	DrTobySucharov,Parent Governor
Company registered
number	06753037
Charity registered
number	1130166
Registered office	119ReadingRoad
	Farnborough
	Hampshire
	GU146PA
Company secretary	MrJohnMorgan
Independent auditors	WelldenTurnbullLimited CharteredAccountants
	StatutoryAuditors
	AlbanyHouse
	ClaremontLane
	Esher
	Surrey
	KT109FQ
Bankers	SantanderUKPLC
	2TritonSquare
	Regent'sPlace
	London
	NW13AN
	LloydsBankPLC
	25GreshamStreet
	London
	EC2V7HN

FOR THE YE	AR ENDED 31 A	UGUST 2024
	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2024	2024	2024	2023
	£	£	£	£
Income from:
Otherincome	7,723	163,577	171,300	162,463
Schoolfeesandothercharges	-	9,455,131	9,455,131	9,476,765
Investmentincomeandinterestreceivable	-	312,966	312,966	211,028
Total income	7,723	9,931,674	9,939,397	9,850,256
Expenditure on:
Investmentmanagementcosts	-	7,058	7,058	6,599
Charitableactivities	8,473	9,272,221	9,280,694	8,831,018
Total expenditure	8,473	9,279,279	9,287,752	8,837,617
Net (expenditure)/income before net
gainsZ(losses) on investments	(750)	652,395	651,645	1,012,639
Netgains/(losses)oninvestments	-	94,712	94,712	(50,463)
Net movement in funds	(750)	747,107	746,357	962,176
Reconciliation of funds:
Totalfundsbroughtforward	31,429	8,892,373	8,923,802	7,961,626
Netmovementinfunds	(750)	747,107	746,357	962,176
Total funds carried forward	30,679	9,639,480	9,670,159	8,923,802

A	**S AT 31 **	AUGUST 2024
			2024		2023
	Note		£		£
Fixed assets
Tangibleassets	11		4,705,810		4,868,871
Investments	12		1,039,884		917,925
			5,745,694		5,786,796
Current assets
Debtors	13	377,119		402,019
Cashatbankandinhand	20	7,484,583		4,310,367
		7,861,702		4,712,386
Creditors:amounts fallingduewithinone year	14	(2,793,514)		(1,207,883)
Net current assets			5,068,188		3,504,503
Total assets less current liabilities			10,813,882		9,291,299
Creditors:amounts fallingdueaftermore thanoneyear	15		(1,143,723)		(367,497)
Total net assets			9,670,159		8,923,802
Charity funds
Restrictedfunds	18		30,679		31,429
Unrestrictedfunds	18		9,639,480		8,892,373
Total funds			9,670,159		8,923,802

		2024	2023
	Note	£	£
Cash flows from operating activities
Netcashusedinoperatingactivities	19	3,006,732	1,259,264
Cash flows from investing activities
Interestreceived		312,966	178,031
Purchaseoftangiblefixedassets		(179,787)	(422,081)
Dividendsreceivedfrominvestments		34,305	32,997
Net cash provided by/(used in) investing activities		167,484	(211,053)
Cash flows from financing activities
Net cash provided by financing activities		-	-
Change in cash and cash equivalents in the year		3,174,216	1,048,211
Cashandcashequivalentsatthebeginningoftheyear		4,310,367	3,262,156
Cash and cash equivalents at the end of the year	20	7,484,583	4,310,367
Thenotesonpages21to39formpartofthesefinancialstatements

School fees receivable
	2024	2023
	£	£
Grossfees	8,691,775	8,652,241
Less:Totalbursaries,allowancesand scholarships	(655,885)	(638,558)
Catering,coaches,examinationand tripincome	1,419,241	1,463,082
	9,455,131	9,476,765

	2024	2023
	£	£
Miscellaneousincome	163,577	152,926
Insuranceclaims	-	3,366
PTAdonations	7,723	6,171
	171,300	162,463

	Restricted	Unrestricted	Total
	funds	funds	funds
	2024	2024	2024
	£	£	£
Staffcosts-teaching	-	4,394,810	4,394,810
Staffcosts-administration	-	620,566	620,566
Staffcosts-technicalandmanual	-	338,047	338,047
Otherdirectcosts	7,723	519,305	527,028
Depreciation	-	342,847	342,847
Catering,coaches,examinationandtripexpenditure	750	1,579,594	1,580,344
Establishmentandutilities	-	1,304,981	1,304,981
Schooladministration	-	154,551	154,551
Auditorsremuneration	-	17,520	17,520
	8,473	9,272,221	9,280,694

	Restricted	Unrestricted	Total
	funds	funds	funds
	2023	2023	2023
	£	£	£
Staffcosts-teaching	-	4,065,592	4,065,592
Staffcosts-administration	-	570,399	570,399
Staffcosts-technicalandmanual	-	359,371	359,371
Otherdirectcosts	6,171	394,920	401,091
Depreciation	-	300,794	300,794
Catering,coaches,examinationand tripexpenditure	2,330	1,584,303	1,586,633
Establishmentandutilities	-	1,327,741	1,327,741
Insuranceclaimexpenditure	-	202,483	202,483
Schooladministration	-	1,614	1,614
Auditorsremuneration	-	15,300	15,300
	8,501	8,822,517	8,831,018

	Unrestricted	Total
	funds	funds
	2024	2024
	£	£
Incomefromlistedinvestments	34,305	34,305
Bankinterestreceivable	278,661	278,661
	312,966	312,966
	Unrestricted	Total
	funds	funds
	2023	2023
	£	£
Incomefromlistedinvestments	32,997	32,997
Bankinterestreceivable	178,031	178,031
	211,028	211,028

	2024	2023
	£	£
AuditoftheCompany'sannualfinancialstatements	17,520	15,300

	2024	2023
	£	£
Wagesandsalaries	4,051,694	3,851,239
Socialsecuritycosts	424,328	392,765
Contributiontodefinedcontribution pensionschemes	877,401	751,356
	5,353,423	4,995,360

Theaveragenumberofpersons employedbytheCh	aritableCompanyduringtheyearwasasf	ollows:
	2024	2023
	No.	No.
Teachers	66	66
Technical&manual	13	11
Teachingsupport	4	6
Administration	15	17
	98	100

The number of employees whose employee benefits (e £60,000was:	xcluding employer pension costs)	exceeded
	2024	2023
	No.	No.
Intheband£60,001-£70,000	5	1
Intheband£70,001-£80,000	1	-
Intheband£80,001-£90,000	1	2
Intheband£90,001-£100,000	1	-
intheband£100,001-£110,000	1	-
Intheband£110,001-£120,000	-	1
Intheband£120,001-£130,000	1	-

Key management personnel
	2024	2023
	£	£
Totalremunerationpaidto keymanagementpersonnel	549,311	503,143

	Long-term
	leasehold	Plantand	Motor
	property	machinery	vehicles	Total
	£	£	£	£
Cost or valuation
At1September2023	5,888,437	2,813,967	131,312	8,833,716
Additions	12,233	167,553	-	179,786
Disposals	•	-	(42,399)	(42,399)
At31August2024	5,900,670	2,981,520	88,913	8,971,103
Depreciation
At1September2023	1,707,742	2,125,791	131,312	3,964,845
Chargefortheyear	179,605	163,242	-	342,847
Ondisposals	-	-	(42,399)	(42,399)
At31August2024	1,887,347	2,289,033	88,913	4,265,293
Net book value
At31August2024	4,013,323	692,487	-	4,705,810
At31August2023	4,180,695	688,176	-	4,868,871

	Listed
	investments
	£
Valuation
At1September2023	917,925
Additions	218,488
Disposals	(176,728)
Revaluations	80,200
At31August2024

	2024	2023
	£	£
Due after more than one year
Tradedebtors	20,741	-
Due within one year
Otherdebtors	6,844	32,507
Prepaymentsandaccruedincome	349,534	369,512
	377,119	402,019

	2024	2023
	£	£
Tradecreditors	189,006	451,429
Othercreditors	205,870	152,099
Othertaxationandsocialsecurity	102,179	100,847
Pensionfundloanpayable	109,469	91,752
Accrualsanddeferredincome	8,706	45,520
Depositsandschoolfeesreceivedinadvance	2,146,077	332,766
Netobligationsunderfinanceleaseandhirepurchasecontracts	32,207	33,470
	2,793,514	1,207,883

	2024	2023
	£	£
Depositsandschoolfeesreceivedinadvance	1,108,004	299,571
Netobligationsunderfinanceleaseandhirepurchasecontracts	35,719	67,926
	1,143,723	367,497

Financial instruments
	2024	2023
	£	£
Financial assets
Financialassetsmeasured atfairvaluethroughincomeandexpenditure	7,484,583	4,310,367
Financialassetsmeasured atfairvaluewhichareequitytotheissuer	1,039,884	917,927
Financialassetsmeasured atamortisedcost	27,585	32,507
	8,552,052	5,260,801
	2024	2023
	£	£
Financial liabilities
Financialliabilitiesmeasured atamortisedcost	(265,638)	(598,346)

Summary of fun	ds - current yea	r
	Balanceat1 September 2023 £	Income £	Expenditure £	Transfers in/out £	Gains/ (Losses) £	Balanceat 31August 2024 £
Designated funds	900,000	-	-	25,000	-	925,000
Generalfunds	7,992,373	9,931,674	(9,279,279)	(25,000)	94,712	8,714,480
Restrictedfunds	31,429	7,723	(8,473)	-	-	30,679
	8,923,802	9,939,397	(9,287,752)	-	94,712	9,670,159

	Balanceat					Balanceat
	1September			Transfers	Gains/	31August
	2022	Income	Expenditure	in/out	(Losses)	2023
	£	£	£	£	£	£
Designated
funds	875,000	-		25,000		900,000
Generalfunds	7,052,867	9,844,085	(8,829,116)	(25,000)	(50,463)	7,992,373
Restrictedfunds	33,759	6,171	(8,501)	-	-	31,429
	7,961,626	9,850,256	(8,837,617)	-	(50,463)	8,923,802

Analysis of net assets between funds - current p	eriod
	Restricted	Unrestricted	Total
	funds	funds	funds
	2024	2024	2024
	£	£	£
Tangiblefixedassets	-	4,705,810	4,705,810
Fixedassetinvestments	-	1,039,884	1,039,884
Debtorsdueaftermorethanone year	-	20,741	20,741
Currentassets	30,679	7,810,282	7,840,961
Creditorsduewithinoneyear	-	(2,793,514)	(2,793,514)
Creditorsdueinmorethanone year	-	(1,143,723)	(1,143,723)
	30,679	9,639,480	9,670,159

	Restricted	Unrestricted	Total
	funds	funds	funds
	2023	2023	2023
	£	£	£
Tangiblefixedassets	-	4,868,871	4,868,871
Fixedassetinvestments	-	917,925	917,925
Currentassets	31,429	4,680,957	4,712,386
Creditorsduewithinoneyear	-	(1,207,883)	(1,207,883)
Creditorsdueinmorethanone year	-	(367,497)	(367,497)
	31,429	8,892,373	8,923,802

	2024	2023
	£	£
Netincomefortheperiod(asperStatementofFinancialActivities)	746,357	962,176
Adjustments for:
Depreciationcharges	342,847	300,794
(Losses)/gainsoninvestments	(121,959)	24,066
Dividends,interestsandrentsfrominvestments	(34,305)	(32,997)
Decrease/(increase)indebtors	24,900	(100,611)
Increaseincreditors	2,361,858	283,867
Interestincome	(312,966)	(178,031)
Net cash provided by operating activities	3,006,732	1,259,264

2024	2023
£	£
7,484,583	4,310,367

	At1
	September		Newfinance	At31August
	2023	Cashflows	leases	2024
	£	£	£	£
Cashatbankandinhand	4,310,367	3,174,216	-	7,484,583
Debtduewithin1year	(91,752)	(17,717)	-	(109,469)
Financeleases	(101,398)	-	33,472	(67,926)

	2024	2023
	£	£
Notlaterthan1year	425,546	406,301
Laterthan1yearandnotlaterthan 5years	1,465,506	1,471,587
Laterthan5years	6,673,660	7,007,343
	8,564,712	8,885,231

	2024	2023
	£	£
Operatingleaserentals	412,240	379,273