## ## ||**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| ## ## ## ## ## ##