Charity registratoon number 1141147 Company r•g¥5tration number 07563439 (England and Walasl ST DOMINIC'S PRIORY SCHOOL (STONE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 11 *PI)T)501A2' OOX1112025 COMPMIES HOUSE A7
ST DOMINIC'S PRIORY SCHOOL (STONE) LEGAL AND ADMINISTRATIVE INFORMATION R<9lStered Cornparyy Num1 07563439 (England and Wale5} Registered Charity Numbor 1141147 Reglstered Ollico 37 Station Road Sknne Staffordshire ST1S 8ER Trustees of Govemors 202>24 I governtrs a also Direclor5 and Charity Trustees of St Dominic's fvk)ry SchL%Y Ithe"Con4)2rf or the-S¢hool' d the followin9 seNed during Ihe ri0. Governors Ka¥en Champ- Char Georgina Brian- VKe Chair {reswned 4 February 20241 Stuart Hughes Martin Ware Sarah Sims- Parent Angda Hughes- Parent Anthony LNer5age- Parent [rened 8 thJly 20241 Celia Gilbert (appointed 1 September 20231 Belh SefvK)od (appointed 1 September 20231 Neil Haryey-Smith- Pwent lapwnled 1 September 2023: Vice Char from 7 March 20241 EXtIv¢ Offi¢¢Ys Rebecca Harrison IHeadteacher} Lisa Horritt IFinan¢e Mana9erl Audltors Geens Limilef1 Chartered Accountants Graphic House City Roa Sloke-OnvTr•nt ST4 2PH Bankers Handelsbanken 1 Lakeside, Festival Way Stoke-on-Trent ST1 5RY
ST DOMINIC'S PRIORY SCHOOL (STONE) CONTENTS Page Govemors, report Statemenl of Govemrys. r8SF#)nvAbdibes In(Jependent audilc¢s [MYt Statement ol f•Mncial ath"e$ 10 Balance sheet statement of cash fflows 13 Wes to the financial statements 14-27
ST DOMINIC'S PRIORY SCHOOL (STONE)
GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2024
The Govemor5 (who are trustees and ¢iw8Ctors) wesent rjaI pu1 and Ihe audiled finarKial stai8ments Igr
the year ended 31 August 2024.
The financial stalements have been prepared in acCordar wth Ihe accwntiTrJ pdicies sel out tn note 1 to the
rinancial slalements and CoMY ¥th the Sch
ST DOMINIC'S PRIORY SCHOOL {STONE) GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINLIED) FOR THE YEAR ENDED 31 AUGUST 2024 IAI Ex¢•lleni educatlon As a noTrseleclive s¢hod we are extremely proud of our students. $AS at GCSE. As our thildren have 8 WiL1e range of ability Jnd SEN. all Childrn have individual targeis based on Iheir level. We are paSed io say that over 90% of our students met or exceeded their predthd grades aThJ ol aCheML 82UA of all entries achieved grade 4 or above 90014 of English entries achieved 9rade 4 above InatKnal average 68%) 75P/ts of Maths entrie5 achievgd 9rade 4 or aiKb¥e160%1 83P/tr of Language enthe$ achieved grade 4 or above171%1 87% of Dual Science entries achwe(19rade 4 or a)Ve{ST%) (B) Upgraded Farilities The focus ot the Govemots C upgrading the faulities COlnUes. Major inv8stsnent has been made in informab.on technology. A rolling programme lor the a(emen1 and Up9radI of laptop5 and desktops for staff 1$ in place. During the year the sports hall reNed ftjrther Investment to allow for events such as prize giwng to be able to lake place in there. This facility coukl be tnJe aWlable for eeMaI events ol Ihe Same nature as prize giving. (Cl Unique Experiences Providing the children at St Oominic's unique experiences ol schod life that are memorable. rewarding and life enhancing is an area that Govemor5 are keen to eXpaJ. Thi5 indudes sthool tnps. djgnrtanes visiting the schocl and participaticn in Duke ol Edinbur9h bronze ar awwds sdwnes. A caer$ week has been held where stud8llts Snt a week working in varying aTeas of tYJsines5 and organisalK)ns to gain experience. Many assemblyès and sessions were hekJ 9St speakers coming to share their Job and rde students. The trtsform entry growth enae$ the extension of sport ¢)ffering aThJ provigon. and we now have 3 areas to parlake in sport- Sch(x)l MuGNSF$ Halvextemal rented field. SessKJns are now split for senkJrs into Game5 sessions and PE sÈssions so a wider curriaAum and sport training cAn be carried out. This 11 continue 10 9row and be wiewed in the fulvre. With the 8x18nsion and devebpment of the gifte(l and taDIed pr(8rarnme many sludents now lake part in several annual exlemal competitions such as maths ChaINge$. put4ic speaking etc. opening up and wKleniryJ opporiunities and eXpeereS for theffl. IDI Community Engagement We work with Stone Town Cotsnul in areas as Remembr8nce Day, Stone Fes'ValS. Stone in Bkjom, and the like. We have raised Ihe capacity and number of residentia trips across Ihe a9e rarvJe and provided more links aThJ opportunities for 51udents to conne¢t and 5PPort the commurnity. 9iving careers and work expernce. Playgroup5 and aY dates have been offered ¢0 Ihe mmUNity 10 Slry)wrt ftyjthers ol young children to gel ¢0gelher and provide ear5y en9agement and education thrtyJ9h play for under 2s. The school has increased Its conn8an with Ihe church and IoL31 Catholic primary 5cho(A. Liaising the parish and sch(MY for representslion and it7volvement in parish masses and olhw areas such as supporbng local paFJsh issue5 for example the youth dub. The school facilities i.e. sports hall and Priory Hall are made availab to Ihe wthr tomrnunity for their use. Members ol the eal cornmunity are Invited to many sthcd events and this also enaAes the chIren to interact and leam more about members of the er ccthmuThty. IE) Pupil Numberslclass Size The Governors have established a medium-lemi goal of 220 pupils for the sth(h)I a kng-lerm goal of 250 pupils. This number of pupils is consistent th dass sizes of 1&20 pupils. Pupl numter5 over the covr5e the 202&2024 academic year is as bek)v.
ST DOMINIC'S PRIORY SCHOOL (STONE) GOVERNORS. REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2024 MONTH PUPIL NUMBERS FOR 2023-24 September Otlober November December January February March April May Jur July 193 195 195 195 197 200 200 SePteMr 2024 200 FUTURE PLANS The schcx)I continue$ to recognise the financial pressures faciNJ panIS and proa¢tNety Seeks ways in which cost sawngs or additional funéing can be achieve<l. so that fees can be kep¢ as low as possible whilst sliTh maintairning the hh stsndards that the expecis in all aa$ ol its yration. Significant improvement works have been made lo the site and these irnprovernents wll o)nbnue to ensure that repaits and preventsts.ve maw)tonance are carried out in a bgical arnl timety mareT. The seni¢y schocA has mainlained a steady Ir8$e of pupl nurthrn over Ihe J8St fw years due to the demand for high-level edu¢aiion bein9 SO¢J9ht in Ihe area. To 8¢ymMale trws inaSe the srknl cnntinues to offer a fomi entry approach In ils sernor school. Continued and increased invOeMent the loral communty arnl $h l)oth in leasin9 Oilt of uir fwlities bLrt also to support local Charities athj smam Community grp$. Reyw of the schod wrrlculum to inuease and en even further our provisi( and experiences for our sludents. FINANCIAL REVIEW Financialposition The school inCUrd a iJefKit of £31.94512023." suwlus of £524.7091 in the perK)d and has secured finanaal sUPW)rt in the lorrn of donations for Ihe corning yeat that support investmenl in ¥Tyroved faolits"e5 for Ihe 5chod and oFerational cost5. The school's totsl incorne lor ihe year was £3.010.280 12023". £3.385.447}. Induded 7Mlhin Ihis year 15 a 5% increase on schod fees. aThJ increased pupils. Pwi¢xJs years income Induded substantial donatims to finish the major refurbishment work ill Ihe Pnory Hall and SKX)rts Hall_ Owaiing expendIre during the yearwas £3.042.225 12023". £2.860.7381. The rnaior element in this is the implementalb* of pay awards to wr teaching 5talf to keep in line wrth pay scale5 in Ihe Slate sector. The cash al bank balèr he by Ihe sdth at 31st Awl 2024 was £289.79S {2023: e306.9731. GoiThJ fOard into the 2024125 5chod ye3f Ihe Governor's consmkr Ihe funds available at the bank loWier th fvrther cornmrtt donabons Its be sufficienl to supwrt Ihe S¢.9 investment needs and operatK)n$. 8ased on the school's projections. which indude dTriaiw)ns received the year end. Ihere a sufficienl available to support trle sthool's operations l(w the loeable futu. Throvghwt Ihe academic year 2023124 donations lotslling £654,90312023." £1.245.8011 were received by the 5d4)01.
ST DOMINIC'S PRIORY SCHOOL (STONE) GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 Fundpolic$ The s¢ho(A has ftsnds of £4.749.710 12023.. £4.781.6551 whh c<$1$ of resln.ded Ivnds 01 £55.696 12023.. £76,606) and unrestriaed funds of £4.694.014 12023". £4.704.9491. The aim of the schoot is lo build up suffi¢ienl seNes so that the can operate the wuirement of Ihe suprx)rt of donations and will continue to make investrnent In the schod fatslities. The level of free reserves. being nSIn¢led funds less Un$t[l¢te fixed assets. ¥s a suwus of t99,143 12023." surplus of £36.2121. The target levd of free serveS is the current donation level wF¥ch lh8 5chwl aTr5 to achieve by continuing lo increase pupil nwnbers and redu ¢)perdting cosls. The target is the arnount tsf new puwl irm and cost cut5 to be athieved to match current dtsrnaltyis. Restricted funds This fvnd rewe5ents lunds receNed for speufic wrpose5. Unrestrtcled funds This fund primarily reL4tes to Crne from sthwl fees and donalior. GOING CONCERN The Govemors and Exe¢utNe Officers are constanty reviewing the finarKial position of the schcd and also prepare fin¢121 forecasts to ftOr the schcxy S abdity to rneet its finanrxal obligabons as they fall due. The school also considers the business risks of Ihe Sd1. In recent years. cost of living inL¥eases and energy price rises brought about by external events. have been a concem of bolh parents and SchoDI but are now abaliThJ somewhat. The remaining risk to the whole Independent School secior. induding ourselves. is the new Labour Government's action to include Independent sch1$ into ihe VAT tax regirne and al lh8 sarne lim8 remTr4e 8usiness Rate Relief. The fom)er applies from 1st January 2025 the latter from 1st A11 2025. In addition to these Slru¢tural changes to the seaor. new substantial In¢aSe$ in Emrth)yers NaiK)nal Insurance INI1 will ptyl fvrther rinan¢ial pre5suo on Independent s¢s_ The imposEIK>n of VAT on school fees wil directy impact pwents. financial 8nd deo5ion rnaking on the education of their children. The school will receive VAT reli8f on some ol sts costs and ihi5 will be used lo alleviate the full impact on parents_ Nevertheless. Ihere is a risk lo the Sd that pupils may have lo be withdrawn. The removal of Business Rate Relie( wa5 known and already Ind in our f¢xeGgSts. The new Nl cost$ were not in our forecasts. The latter cost %vill be 5mplemenieil frorn April 2025 aTh1 is now lcUlated and CAivered in wr fijnding. The unknown is what will happen to pupd rvjmbers if parents do have to thdraW children. Our ewence over the last couple of years, which included public converSatk$ about a powÈ4e Latrf)ur Cknerrnnent imposiTrJ Ihese costs, has still been a gtyyj in¢aSe in wpil nurnl)ers. We have held open discussion lowms with ¢)ur parents at whth we dKI noi detect any maM Tesistante to Ihe fee Increase. Sl. Dominic's Priory has an excellent repulatK)n lor the oualty of it5 educatK)n anij its pastoral care and is financially slable due to the rnmItMent of ils donors. Not all oiher srnaller Independent Schods are in the sam position. Unlotlun8tely. some may sumve whth may gNe w School an opporlunty lo take dispfaced wpils. The forecasts prepared by th8 sch show the extent of relian it has on th¥d party dornations. Th8 Governors VAII conlinue with all avenve$ to recmil new pupjls to Irrease revenues and at the same time reviewing all operating ¢osts to reduce the reliance on Ihese trd-partY donatKJns. The Sc1 rjjrrenty has CA)mmrtted financial support in the form of donations lo enable il to operate for the foreseeatAe futu. The GovemcKs therefore believe there are adequate $oUrCeS which wll enab the s¢W to meet its liabill"e$ for al least orne year fr(ffi Ihe signing of these nanoal statements lakiTrg into a¢¢ount these risks and rdiance. For this reason. the Govemors b*lieve thal it is approprk8te 10 adopt the going ¢lCeM basis in prepariThJ Ihese 8(JaI thiements.
ST DOMINIC'S PRIORY SCHOOL (STONE) GOVERNORS. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing Document Sl Dominic's Priory scho Istonel. a company Lwniled by Guarantee No 7563439. is also 8 Charity. Regislered No 1141147 and was incorporated on 14 March 2011. On 26 May 2011 il irx)k over rtain assets and liablitie5 relating lo St Oominic's Priw School from tre English DcfflinKan Congregation. The s¢hool is 9OV8med by its Artides of Association. Prltr)clpal Actl¥ities The Articles of Associalion undw which St tk)miThc's Priory sChA ISt¢)nel 1$ established sets 85 its objective 'th8 advancement ol edu¢atw in the Rornan cathol Iradibon by the conduct of an independent S¢ or schools and in parkncular to operate Sl Dorninic's Prnry SCkn, Stone, Slaffordshire and by ancilary reli9KJus and educatsoThal activities for the benefil of the comrnunty at large. The ccmnpany operates St DonIC5 Piiory School in Sione, StalFordshwe. The schcx)l is presentty a day sthcxjl. The éay sch(x)I consists of Preparatory sthrxjl thiléren beWI the ages of 3 yes and 11 years and a sen hool for ChiLdn between the ages of 11 years and 16 years. Organisational strUcr• Day to day running ol the Scho Is deaied to the Head teacher and the sen Leadership Team operale within policies set by the Go¥emirvJ B(¥ty. BelLKe consideratson by the full Govemirrfj Brxly matter5 Je nomiaily discussed by specialist Su1cnmilIe8$. whKh rx%ws•". Finan and General Puws BLISesS Development) Govemance EdUcalnIcathol Life Governors Appntm+t a Training The govemors wistanty review the balance of professional experrence and strengths wlhin the Goveming Body. The Govemillg B(MJy includes Govemws speofi¢ally identsW for their experte and capability in the fiekys of business rnanagent. finante. faolthes. arKI ei1uca1. I prospective Governor apkv)intees are agreed by the lull Goveming Body prior to appointmèni and on appointrnent undergo an in¢Ju¢tion protyamme. GoverrM)r trdining is provKJed on an'as reouired, ba515. DISCLOSURE OF INFORMATION TO THE AUDITORS In 50 far as each of the governors are aware. a5 govemors of the chariiable company. at Ihe date of the rep)rt'. There is no relevant audit informats.on of which th8 chariiable CpanY 5 auditors are unaware.. Ea¢h 9ovemor ha5 taken all Steps that he or She shtyJld have taken as a govemor in order to rnake him or her awa of the relevant audit inforrnat and to eslablish that Ihe charitabk Companls auditors are aware ol that inforn)ation. 8y order of the boar Mrs Karen Champ Govemor and Trustee 11 Oe¢embor 2024
ST DOMINIC'S PRIORY SCHOOL (STONE) STATEMENT OF GOVERNORS. RESPONSIBIUTIES FOR THE YEAR ENDED 31 AUGUST 2024 The Govemcrt. who are also the diredors of St 0tn'S prIY StKxY {Slth)el for the pwpose of company law. a resPonbIe lor pwaring the I>)Verrrs. Rermyt and the financial siatements in a¢c4rdance with applKable law Vnited Kingdom Accounb"ng Standard5 Iuniled Kingdom Gen8raltyAccepted Ac¢ountsng Practice). Company Law reqvire5 the Governors lo epa finantsal sleMents lor each firtanual year which a Iwe and fair vW of the Stale of attair5 of the Schcd and of the incoming resources and applicaton of resources. incluéirKJ the income and expendilure, of the charitae ccmnpany for that year. In prepanng Ihese financia stateftnts. Ihe GovenNYs are requi to: - select Suitable accounb"tvJ rx)ki85 aThJ th appty cls15telty. - obs8rve th8 methods and Kwiwples in the Chari¢s SORP: - make jud9eTr£nts arKJ estimate5 that are 3$onable and prudentr. and - ppare the financial statements on the goiTrJ corwn ba5FS unless it i8 inappwiale to presume that th8 Scho will continue in Operatn. Th& Govemor5 are sponsIb for keeng adewète aco)untirtg recryos that dtsch)se asOnable acuwacy at any tirne the financial positN)n of the School and enable them to ensure that the finanoal staletnents comply with the Companies Act 2006. They are also resw5e for safeguarding the a5set5 of the SChLY and hence lor tsking reasonable steps for the prevention and detectK)n of frawj and other IegLantie$.
ST DOMINIC'S PRIORY SCHOOL (STONE) INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF ST DOMINIC'S PRIORY SCHOOL (STONE) Oplnion We have audited the financial statsments ol St Dominic's Priory (Stone) Ithe'school'l for the yeaT ended 31 August 2024 which Comprise the statement of ffinancial acbvitw. the balance sheet. Ihe statement cash flows and nole5 to Ihe finanoal stslements. including swJrnifnt accountirm) pOle$. The financial pOrting framework thal ha5 been applied in their preparation is applr2bk law and Uniled Kingdom Ac¢wntin9 Standards. including Financial Reportsng Standard 102 The FNn8n¢ial Reportit79 Standafty 8ppli¢able in the UK and Republi¢ of Ireland Iunited Kingdom Generalty Attepled A¢wunting PwlKl. In our opinK)n. Ihe finanryal statements.. give a true and fair view of Ihe state of Ihe chiiaL4e cxynpatys affairs as at 31 August 2024 aThl of its incomiThJ restyjrces and aoicaiion ol $J1¢¢$. lor the year Ihen ended". have been prope wepared in ac0Ydar wth United KiThJd Generally Accepled Ac¢otJntiTrJ PractTh,' at have been prepared in aCrae wlh Nuirements of the C(¥npanies Act 21JO6. Basls for opinlon We conducted our audit in afXordan with 1ntemab.onal Standards on Authb"rg IUKI IISAS IVKII and appltcatle law. Our responsibilities under those slandards are lurther des¢riW in the Auditorfs sponsIbl1e5 lor Ihe audil ol the financial slatements seclH)n ol our refth. We are independent of the School in accordance wth the elhul requirements ihat are leVant to our audit of the financial $teMentS in the UK. induding the FRC'S Eihical Standard. and we have fuffilied w other ethical reswnsily.lilies accordance wrth Ihese fequirtrnents. We beIve that the audit 8Vhlence we have obtained Is suffitsent and appropriate 10 provide a basi5 lor our Opinn. Conclusions relating to golng concern In auditing the financial slatemenls. we have QChJded that the GovemNs' se of the wng ¢oncem basis of acctsjnting in the preparati of Ihe finarK¥al slalements is appropriate. Based on the work we have performed. we have nol identtfied any material vncwtsinties relatln9 tr) events or condition5 that, Indiv81 or thleclwdy. may cast $vJnificanl dwbt on the S¢h¢xJ's abilrty to continue as a goin9 ncem for a of at least ve m(M)ths finwal slatements are authortsed for is$. Our responsibilities and the re5ponsibditvas of Ihe Govemu5 With respect lo gOg cOrM are de5uib8d in the relevant se¢b"ons of Ihis report. Other informatioft The other information ccmmkses Ihe inforrnatyon included in the nual olher than the finamal statements and our auditorfs report therecffi. The Govemors a resp(ble for Ihe other inf0MtiOn contained within the annual r8POrt. Our opinion on the finan¢r41 slatements does cover the other infomiats.on and we not expres$ any form of assurance ¢UsiOn thereon. Our responsilIty is to read Ihe other inforrnabon and. n doin9 $0. Ser whelher the other Infom)ation is matenally Inconsisteni the financial stateTTllts or knowledge obtained in the course of Ihe audit. or otheTh¥i5e appears to be materially rnisstaièd. 11 we id8ntsfy such material inconsistencies apparent material misstslem8nls. we are required its d•termiDe whether thi5 gives ris• to a material misstatement in the finama1 staternents themselves. If. based ¢)n Ihe work we have perfomied. we )nclude that there is a material rnis5t3lem8nt of this other infowmatK)N. we are i8qLtired to report that fact. We have nothin9 lo report in this regard. hlattèrs on whi¢h we are required to report by exception We have nothing lo rep(Mt in respect of the followng matters retiOrt lo thieh the Charities {AcCo¢S Reports) Regulations 2008 reQure u5 to report to yiyJ rf, in our opin.. ihe information given in the financ1 statements is im?nsistent in matenal wtth the Governors, report". or sufficient acwunting records have not been kept-, or the financial slalemenis are not in agreement WElh accountiny rectYd5." or we have not CeIVed all Ihe infCThatIL and eXF4analbDns we requi tr cxjr audrt.
ST DOMINIC'S PRIORY SCHOOL (STONE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF ST DOMINIC'S PRIORY SCHOOL ISTONE)
Responslbilities of Governors
As explained rn0 fully in Ihe statemenl of Go¥eMS. spOnsi"111ie$. the Govemors. who are also the dirts of
the School lor the purrKJse of cornpany law. are $psIble foi the preparatw of the finanrial statements and for
being satisfied Ihal they a true an¢Y tsir view. and for su¢h Intemal rx>ft¢rol as the Govemors determine is
necessary tts enable the preparab.on of finanoal stslements that are free from material rnisslatement. whelher due
lo fraud or error. In preparing the finartcial 51alemenls. Ihe Govemors a respsie fw assessin9 the Schools
ability to continue as a going concem. disdosing. as apKAicabJe. malleo lated to 90ing concem and using the
going concem baws ol accountirvJ unless the Govemors eilher intermj to fjouidaie the ¢haritable company or to
cease operations, or have M realBlic alternalive bvt lo so.
Aud51ofs re$pon5ibililies for the audit of the financial statements
We have been appointed as auditor under SeCOn 144 of the Charilies Act 2011 and reFty)rt accordance with the
Act relevant regu13tK)n$ made or hawTrJ effect thereunder_
Our objectives are to otrlain wsonable assurarK ab1 whelher the fmancial siatements as a are Iree from
material misstalemenl. ether due lo fvaud or error, and Io issue an auditorfs report ihat indudes our opinion.
ReasonaNe assurance is a hwh levd of assurance but is not a guaranlee Ihat an audrt CLcled in accordance
with ISAS IUKI bMII always delect a material misslatement when it exists. Misstalements can arise from fraud c
eNor an(1 a considered material if. IndidUallY QT in the aggregate. they ws¢)nably be expected to influence
Ihe economic decisions of usets laken the basis of these finaroal slatements.
IegularitieS. Induding fvaud, are instsn¢e$ of rw)n
ST DOMINIC'S PRIORY SCHOOL (STONE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF ST DOMINIC'S PRIORY SCHOOL (STONE) Because ol the inhewt linwtsticfis of an awtht. lhe is a risk thal we wll not dete¢t 41 irwularitse5, induding thxe leading to a material missts1et in the finanoal s¢alerrnts or ¥ion-cornplkHnce wlh regkjlation. The risk increases Ihe mort that cornpliance V1h a Law of regulation is renK)ved [rn ihe events and transadions reflected in the financial statemen15. as we TrMII be less likely lo be¢i)me aware ol inslances of norComl8ce. The risk is also greater 90rdIng Irgularies occurrifvJ due to fraud tather Ihan error. as traud involve5 intents.onal ¢(xKealnt. forgery. collusion. omission or Misretyesentstl. A luther descripb.on of cwr spOnsi"11"eS 15 available Fal81 Rerx)rting Covncils webwte at.. https."Il whvw.frc.org.ukJwditorsresprmsibilits"e$. This deSUytsc fcms part of ourauth"torfs rewt. Use of our report This report is made sow to Ihe charily's tyustees. as a body, in accordance wth part 4 of the Charibes IAccounts and Reports) RegulatK)ns 2008. Our audit work ha5 been undertaken so that we mTrghl State to the chanty'5 trustees Ihose matters we are required lo stale to Ihern in an auditorfs report and for no Olher purpose. To the fumest extent pemiitted by law. we do atpt or 2ssume responsitritlity to anyone other than the ch• and the charity's trustees as a brM1y. kn our audit for Ihis reF4Nt. orfor the opmK¥ns we have formed. ns Limited Chart•r¢d A¢¢ountants Statutory Auditor Graph House 124 Cty Road Sloke orF TnI ST4 2PH
ST DOMINIC'S PRIORY SCHOOL (STONE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Restricted fund$ funds 2024 2024 Total Unostricted Re$tri¢ted fvnds fund5 2023 2033 Total 2024 2023 Not•$ Income and tndowm•nts from: Donations and legacies Chantable aciivities Other trading adiwties Investrnenls Other inwme 654,9)3 2.098.904 23,812 1.967 230.694 654,903 2.098.904 23,812 1.967 230.694 1.195.801 1,948.136 2,483 424 167.183 50.000 1.245,801 1.948.136 2.483 424 188.603 21.420 Total In¢om¢ 3.010.280 3.010.280 3.314.027 71,420 3,385.447 Expendltur4 )n." Raising funds Charitable activities Other expenditu 9.611 3.018,078 422 9.611 3.032.192 422 6,431 2.841.966 420 6,431 2.853.887 420 14.114 11,921 Total oxp¢nditsJr• 3,028.111 14.114 3.042.225 2.848.817 11.921 2,860,738 Not ineomÈllexpenditurt} 117,8311 114.114} 131.9451 465.210 59,499 524.709 Transf8r5 belween funds 6.896 {6.8961 41.880 141.8801 Net movement In fund$ 10 110.9351 121.010} 131,9451 507.1 17,619 524,709 R¢on¢llialSon ol fvnd$: Fund balance5 8t I Septembe¥ 2023 4,704.949 76,706 4,781.655 4,197,859 59,087 4,256,946 Fund balances at 31 August 2024 4,694.014 55.696 4.749,710 4.704.949 76.7( 4,781.655 The statement ol finanual tleS in¢kM1es all gains k)sses reccqnised in the yew. All irrne and expendilure derive frcxn continuing activibes. 10-
ST DOMINIC'S PRIORY SCHOOL (STONE) BALANCE SHEET ASAT31 AUGUST 2024 2024 2023 Notes Flxed assets rarvJible assets 14 4.607.463 4.595,443 Current assets Skncks Oebtors Cash at bank aNJ in haThJ 15 16 1.775 159,162 289.795 3.127 126.594 306.973 450.732 436.694 Creditor5= amounts falling due within one year 18 1308,485} {330,3151 Nèt ¢urrent assets 142.247 106.379 Total assets less current liabilities 4.749,710 4.801.822 Cr¢dlttsrs'. amounts falling due after more than ono year 19 120.1671 Net ass•ts ¢xduding pension liabllity 4.749.710 4.781.655 N*t assets 4,749,710 4,781,655 The funds of the School Restri¢ted income lunds Unrestricted funds 76,706 4.704.949 4.694.014 4.749.710 4.781,655 The company is entided to the exemption Irom the audit requ1meTht contained ift secbOA 477 of ihe Cornpanies Act 2006. for the year ended 31 Augusl 2024, although an autht has carried wl Urer section 144 01 the Charibes Acl 2011. The director5 kne&Je their reSPonbillt1e9 for i7ping wih the requirements of the Companie5 Act 2006 with resperA to acLounting re(x)rds and Ihe stst8m8nts. The member5 have not required the company to obtain an audit ol rts finanual statements und•r the requirements ol the Comp8nies Aci 20¢%, for Ihe year In ques th7 accordarte vmh section 476. These financrdl slaternents have been wepwed in acrThdpAKe With Ihe wovi510 appliCae to C¢thpan subject to the small umpanies regime_
ST DOMINIC'S PRIORY SCHOOL (STONE) BALANCE SHEET (CONTINUED) ASAT 31 AUGUST2024 The financial statements were approved by Ihe GovemN5 on 11 Oecemter 2024 Mrs Karen Champ Govornor and 7ru$tg• Company registrab.on number 07563439 {ETh3L4nd and Wales) 12-
ST DOMINIC'S PRIORY SCHOOL (STONE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGusf 2024 2024 2023 . Notes Cash Ilows from operating a¢¢ivitie$ Cash generated from operations 79.738 610.069 Investing activities Purchase of tangle red assets Investmenl incorne te1Ved 175.0491 1.967 1655,9921 424 Net cash used in invtsting activities 173.082) 1655,5681 Financing activities IRepaymenty issue of other loans 123.8341 13,666) Net ¢ash used In finanelng actiwtle$ 123.834) 13.fj661 Net do¢r¢ase in ¢a$h and ¢ash equivalents 117.178) 149.1651 Cash and cash equivalents at begining of year 306.973 356,138 Cash and ¢ash equival*nts •t end of year 289.795 3r.973 13-
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollc5es Charity information St Dwninic's Priory sc Istonel is a wivaie corrwny limited by guarantse Incrated in Eryld and Wales. Tt registe offe is 37 Sts¢H)n Road, Sto. Stsffordshire. ST15 8ER. 1.1 Accounting convention The finanoal st3ternents have been prepared in accordance wih the Schoofs governing docum8llt, the Companies Act 2006. FRS 102 "The Finanal Rep¢ing Standard applicab In the UK and Republic of Irelan¢J" I"FRS 102.1 and the Charilie$ SORP "Ac¢wnting and Reporting by Charitie5'. Staternenl of Recornmended Practrce applicable lo charits preparing IhÈir accounts in accordance wilh the Financial Reporting sianL1aré applicable in the UK and ReputAic of IFRS 1021" leffe(ve l January 20191. Th8 School is a Public Benefit Entty as ¢Jefined by FRS 102. The fin8nci81 statefflents are prepared in sterfirKJ. which is Ihe fvrtl¥)nal cxjrrency of the S¢. Monetsry arnounts in these financial statemenis are rounded lo the nearest £. The finala1 statements have tjeen rK8pared undeT lh8 histLvical cosi conventn. ImLKhfied to incIJe the fevaluath)n of freehdd propert$ and to include inveslmenl properties aTrJ certain ffinarKial inst1wnls al fair valuel. The prinopal accwnting adopted are sel out bekn•4. 1.2 Going concern The Govemors and the Executive Officers are constsnuy the ancial wjsthon ol the Schod and also prepare financial f0CaSts lo monitor IhÈ SC)cA.$ ability lo meet ils financ4al obligatsons & they lall due. These forecasts show the ertent to which the S¢thool is lont Ihird paty donab'ons. The School currenly has cornmitted financial SUPPLWI in Ihe form of donats.ons to enaUe il to opecale for the forseeaNe futwe and Ihe governors therefo bdieve there are adequate resources whth will enable St Dominic's to meet rts liabilitS for at least one year from the dare ol signing of these firwcial statements. For Ihis reason. the governors believe that there e material uncertainlies and thal it is appropriate to adopl the gxmng wncem basis In prepariry these ffinanc7al $tatement5. 1.3 Charitsble funds Unrestricted funds a availaile for use at the o( Ihe GovemNs in furtheranc of thev chartable 014'eclives. Restricted hjnds are subject to specffic conditifm5 by donors or granlor5 a5 to how they may be used. The purpos8s and uses of the re5tnctE£S funds a set rmjt in tKJle$ to the finanaal statements. 1.4 Income Donations a recognised as in¢<y when sch( is legalty entilled to ceIve it after any performance conditions have been me¢. Ihe arnounl can bg reliably quantsfied and the economic benefit lo the S¢hcc4 1$ considered probatye. Legaues are recognised on receipl ¢¥ 01h¥se rf thè SchrK4 has been notfvd of an impending distribuiK)n. Ihe atnounl Is known, and receipt is expected. Ff ihe Unt i8 not knTrm, the legacy is treated as contingent asset. School leès I1vable less any allowances. scholarships and bursaries granted by the S¢)01 agairBI these fees are accounled for in the period In whh the sepvi¢e is prowde(J. Sth)ol fees receivai4 in advance Icy educalion lo L provmled in future years are carried forward as deferred income. 14-
ST DOMINIC'S PRIORY SCHOOL {STONE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Atcountlng pollcles IC¢>ntlnued) Govemmenl grants are rewnised al the fair value of the asset recewed or feceivable %then there is reasonable assurance Ihat the grant condilions will be meL and the grants will b8 receNed. A grant that specffies perfOrnn condibons recc43nt5ed in in)n eTh the performance nditionS are met. Where a grant doe$ not speufy performarKe conditions it is recognise<J in incom8 when the procee(ls are eived or r1vable. A grant ¢eNed before th8 recognitKJn criteria are satisfd is recognised as a liability. Olher NKome is rects3ni8ed when Ihe Schcd is kgaly entjded to it after any perforynance conditnS have been met, the amounts be measLwed rdratty, and it 15 probatrty Ihal the wKome will b8 received. 1.5 Expenll¢ur¢ ExperKliture is recogni5ed once the is a legal or constructive olligation lo transfef economic bernefit to third parly. il is probable that a transfer of economK benefits wll be required in setllemenl. and Ihe amoLtnt of the ot11ga.on"Can be measured reliably. Expenditure is classified by actNity. The costs of each actiwty are made up of tolal of dirt costs and shared cost5, includij suFport costs Invo in und8rtakn.ng each activity. Direct cosis attribula14e to a single a¢livity are allcL4ted diredy to thal aGVIty. Shared costs which contribvte to more Ihars one activity and SllPPOrt costs vthich are not allributable to a ngle aCtIty are apportioned beiween Ihose activit1 on a basis ¢onsistent wth the use of reswr¢e5. Central staff costs are all81ed on the bas of time spent. and depreciatiM charges are awted on th? portion ofthe assets use. Exp6nditure on raising funds This includes all 8xpenditure inDJrred by Il SCI to LSe fvThJs for it5 charitable wrposes. Ch8rrf8ble 8Ctivities These are ¢osts incLJrred on the Schwl's educational operations lo ftjrther its tharitable alrns for the benefit of its beneficbaries. indudiThJ support costs rela.ng to the govemm of th8 5chcd apporlioned to ¢haritatAe actiwlies. 1.6 Tangible fix assets Tangible fixed assets are initially measured at cost and subsequenuy measured at cost or valuabon, nel of depre¢iatson and any impaimienl losses. Depfetsaiiori 15 rttognised so as to lte off the cost N valualw)n of assets kss their residual values over Iheir usefvl live5 on ihe folkwifjg bases". Land and tmjiklings Non*ducabonal equiprnent Eduraticffial books, eqtsipment and fumiture Motor vehicles 2% stra3ht line liyJikJir#Js th)lyl 5%- 20% straighl hne 20% straight line 20% straight line Fr8ehold larml nol depreaated. The gain or loss arising on the di$posal of an asset s deterrrmned as the difference eeen Ihe Sa woceed5 and the carrybng Value of the asset. and is re¢ognised In Ihe strtement of financial actiwties. Items costry less than £1,000 are written off as an exper&se as atwired. 15
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng poll¢lt$ Icontinuedl 1.7 Impairrnent of fixed assets Al each reporting end date. the School rewews the 1g amounts of its tangibbg assets to ¢Seterming vknether the is any i[L¢jtion that those assets have suffered an impaim)enl loss. If any such indulio exists. the recoverat4t amtyJnt of the asset is esb"maled in order to detem)ine the extent ol the impairment loss Irf any}. 1.8 Sto¢k$ Siocks cons5t of catering suppTis and $tstJrwy a1 are stsled al the k)wer ol cosl and net iealisable value. Net realIsab value Is the estimat8d 5elliTrJ less all eslirnated costs ol CLVnplettin and costs to be )¢urred in m2Tketing. selling th'stributi(. 1.9 Cash and ¢ash equivalents Cash and cash equNalenis indude tash in haTrJ and he at Call with banks. 8ank overdrafts are s)n thin knngs in ujrrent liabilrts. 1.10 Flnan¢ial instruments The Schwl has decled to apply the provisions ol sects.on 11 '8ast Financial Instrunwts. and Se¢tH 12 'Other FinanLyal Instruments Issues. of FRS 102 to al ol its fmancial iwtstrumenls. Finanoal instruments are recoJr4sed in Ihe Schcd5 bal sheel when Ihe sch£ becomes party to the contraclbJal provisKJns ol the instrunt. Financial assets and Iiabililies a offset. wth the net amounts PTesented in Ihe finanual slalemenls. when there is a legally enfcfceable right lo se¢ off the iewnised amounts arKi the is an intenbon to settle on a net basis or io reise the asset and Sett the liability 5irnultaneousty. Basic financial assets Basic financial assels, which Inclvde debiors and cash and bank balances. are initially measured # transaction wice inclLKliry transadion cost5 and we subseouenlty carried at amc1ised using effeclive interest melhod unless the arTangemenl constitutes a financiry transacti, the transaction is measured al ihe presenl v81ue of the future receipts discounted ai a market rate of Interest. Finanoal assets classrfieij as receivabk vAthin year ar8 rM)t amrxlised. 8asir finénclal li81•¢{e$ Basic financial liabilibes, Induding Lyeditors and bank loan5 are initialty recognised al transacOn price unless the arrangement consts'tutes a financing Iransactb)n, where the debt instrument is measured at the preseftt value of Ihe future payments discounted al a rnae1 rate of inter8sL Fffiaral liabl11S dassfied as payable thin one year are not arnortised. 08bl instrumen15 are 5ubwuentty Ce at arrrtiSed cost. usiro th8 effective interest rat8 m8thod. Trade credit¢)rs are oblatIonS to pay for gcKM1s Of seNces that have been acquired in the ordinary course of operations from suwliers. Amounts payable are classffied as Cunt Ikibilibes if paymenl is due within on8 year or less. If not. tsTey are psenIed as n(x)<urren¢ liabilites. Trade (xeditors are rewgnised inib.alfy at transaction pite and subsequenty rneared al amovlised cost using Ihe effective Intewt method. Der¢¢ognition of Iln•n¢ial liabllitles Financial liabili'es are derecognised when the Schc4Ji's contraciual c*11jaI)n5 expire or are disth8rged or cance4ed. 16-
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting lIcleS Icontlnuedl 1.11 Taxation st Dominic's Priory s01 Isie4) is a Wiste chaiity and as such is exenwl from lax on irncome and gairss falling wilhin Part 11 of the Cryvation Tax Act 2010 or sectioN 256 of the Taxation of Chatgeable Gains Act 1992 to the extent that Ihese are applied Its its chargeable obi8cts. There is no similar exetnption fDr VAT whKh 15 induded in expondilur8 or in the costs of assets a5 aForopriate. 1.12 Employee bnefits The cost of any unused hc4iday entillemenl is e09Th1$ed in the peric#J which the employee'5 services are receive¢J. Termination b8nefrt5 are reCod imdiately a5 an expEnse Ihe is dernonstratAy cornmrtte terminate the ernployrnent ol an emKAoyee or to provKJe temiinaiK)n berts. 1.13 Retirement benefits Payments to defined rxMribulK)n lireMent benefit Schemes are as an expense as they fall due. 1.14 Pension During the year the Sth)ol ¢)perntsd defined c¢trIbUti pens s(thmes and the pension char represents the amounls payabk by the Schoy to the fund in of the year. Critical accounling estimates and judgThnts In appltcatth ol Ihe Schwfs aC¢(mJn"r¥J e$. Ihe GovemNs we requi to make ILgeMents. esiiwTrales and a5sumption5 about the carrying amount of assels and lia.1111es trat are noi readily apparent frtstn other sources. The e51imates and associated assumptions are based on historic experience and olher factors that are considered to be relevanL Aclual su115 fflay drflerfrom Ihese est*nates. The esiimates and underfying assumptions a reviewed on w ongoing tpasis. RevisK)ns lo accounting e5timate5 are recognised in the period in 1¢h Ihe eSts"Ma is revised ele the revi affect5 (lY that period, or in Ihe pwiod of the rewsion and fulu¥e periods where the reviwn alfects both current and future periods. In preparing these finar181 stslerrents. Ihg Trus18e5 have maje judgements in deternilg the.. - impairment of tangib fixed assets. Factors taken in to consideratirm in reaching the deCIC indude th8 availability ol resources to tntinue service delivery at PreWj$ le¥els', - useful econ(xnic life of tangible fixed assets. The annual dewerxation charge for langible fixed assets is sensitive io chge$ in the estimated usefvl erA)nonwc INes and re5Ual value5 of the asseis. The u5ehA e¢onomi¢ live$ and residual val$ are reassessed annually. They a ameTrJed when ressary to reflect current estimates based on luture investments. economic utilisalton and physical condition of the assets. - appIation of wng con¢em. The mwn judgement is the assessment of the group's current and forecast cash reserves and nel liqui¢J asseis and whelher we o)ngder8d suffent lo m88l operabonal commilments for the foreseeabk luture. 17.
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from donations and lega¢i¢s Unrestricted Restricted Ivnd$ 2024 Total Unrestricted Restricted fund$ 2023 Totsl 2024 2024 2023 2023 Oonations and gifts 654,3 654.9)3 1.195.801 50.OLK) 1,245.801 In¢ome from ¢harilable acti¥iti•s Unrestri¢ied UnrÈstri¢ted funds funds 202d 2023 School Fees Receivable Gross SCIKKA fee5 Bursaries Sibling allowances Scholarships School sponsorship Staff discounl Other discounts 2.382.114 125,3001 126.6651 {42.5001 1128.7791 (35.8611 124.105) 2,207.134 143,9221 132.3071 127.5(K>} 1110.9491 131.7781 112,5421 2,098, 1.948.136 Income from other trading acti¥ttios Urtrestri¢ted UnrÈ$trfjcted funds funds 2024 2023 Non<haritae trading activit 23.812 2,483 Income from investments Unrtstrieted Unrestricted funds funds 2024 2023 Interest CeiVable 1.967 424 18-
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Olher income Unrestricted Restricted fvnd$ 2024 Totsl Unr•stricted Restrlcted funds funds 2023 2023 Total 2024 2024 2023 Otsr income 230,694 230,694 167.183 21,420 188.603 Expondltyre on r*l$ln9 fvn¢ls Unrestricted Unrestricted funds fund$ 2024 2023 Fundralslng and publicity Other fundvaksing Lx)5ts 9.611 6.431 19-
ST DOMINIC'S PRIORY SCHOOL {STONE} NOTES TO THE FINANCIAL STATEAIENTS ICOIrnNUEDI FOR THE YEAR ENDED 31 AUGUST2024 TOL11 24 24 2023 2023 Dir¥¢t v>st$ TeachingC0515 wdrareco&ls Premises to&1 1.79)240 27.19 .072 32$,% 164209 2.489 25.518 77.613 1,¢8) 1.e4)9.344 124.922 5&5,C61 110.136 135,1 362.634 150.938 242.5 13,800 1,719,480 135.063 60S.751 358.268 36,32S 163mg 91.179 Gov$nnce¢¢sts 2.103.128 766,03S IWm9 3m2,192 1.83U.761 161.188 15D.938 2.853.887 tun¢$ Restrictlf 2.103.128 7f&035 11&915 3.018.078 I,&X761 864,188 139.017 2,611,966 11.ykl 2.103.128 7e6.DJS 163.¢129 3.(lJ2.192 1.838.761 .188 130.W 2,851887
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR EhlDED 31 AUGUST 2024 10 Net rnovemenl in funds 2024 2023 The n8t movement in lunds is 5tatsd after chwgllCredrtirWJl". Fees payable lo the ¢hartyS auditor - for the audil of the charivs finala1 slatÈments - for other fiTrartoal servKes Depr8ciab"on of ovmed taThJible fixed assets 14,500 3.140 163,029 13,800 3.000 150,938 11 Governors Non8 of the Governors lor any perSC connecled with them) reeewed any reTTwratIon or olher ben8fils from the Schod during the year. None of the Govenws lor any pers($ cor¥e them) were paid expenses during the yew. 12 Employ¢s The average rwthly number ofemployees during Ihe year was: 2024 Numbr 2023 Number Teaching staff Support staff Administration 31 35 32 31 Total 72 69 Employment costs 2024 2023 Wages and salaries Social secunty cosls Other pension $t$ 1,733.354 148,747 209.291 1.516.354 135,100 187.307 2.091.392 1.638.761 Terrnia0n paymenls tolalling £wNI12023.. £3.2641 wer8 paid in Ihe K"n9 per1J. The nurnber of ¢moYeeS annual remun8ration was nxye Ihan £60.0 is as follows-. 2024 Numb•r 2023 NuMr In the band £90,C#)1 to £100,0 In the baryj £80.1Kll to £90.000 21
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Employees ICon¢lnuodl Remuneratlon of key fflanagement personnel The total rernuneralK)n, superannllab.on and benefits receNed by Key maremnt Personnd was £313.61612023- £245.7501. 13 Taxation The charity is exempt from laXatic its aclivities because its i[KC is applKd for Charitab WryKe$. 14 Tang4)le fixed assets Educalion books. Ilipment•gUiPI)ènt and lurru¢urtr Motor vehlGbvs Total Cost At 1 Sept¢mber 2023 Addrtions 4,722.522 25.209 475,623 42.304 248.344 7.536 37,500 5,483,989 75.049 At 31 Augusl 2024 4.747.731 517.927 255.880 37.S(M) 5.559.038 Deprt¢iation and impaim*nt At 1 Seplernbei 2023 Depreciation charged in the year 291.694 94.955 274,529 216.698 17.944 5,625 5.625 788,546 163,029 At 31 August 2024 386.649 319,034 234.642 11,250 951,575 Carrying amount At 31 Augusl 2024 4.361.082 198.893 21.238 26.250 4,607.463 At 31 August 2023 4.430.828 201.094 31.646 31.875 4.695.443 15 Sto¢k$ 2024 2023 Catering supplies 1.775 3.127 16 Debtors 2024 2023 Amounts fallln9 due withln one year= Trade deblors othef deblvs PpaymentS and accrutd inccrfnè 69.763 1.987 87,412 46.992 1.022 78,580 159.162 126.594
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Debtors Icontlrnued Debts which have been written off during Ihe year amtyjnted to £28.221 12023." £2.8701. There is a bèd debt provision of £12.80612023.' £41.2501. 17 L•an$ and ¢>v•rdrafts 2024 2023 Other hJan5 23,834 Payable wthin one year Pay•e after one year 3,667 20,167 The loan wlh ABM Catering &Aution5 Limited was settkd in bjl in the year. 18 Creditors.. amounts falling due within one year 2024 2023 Notes Olher loans Olher iaxation and so(yal swity Deferred incom8 Trade credrtor5 Olher creditors Accrtsals ané deferred inwrne 3.667 33,283 114.S19 71,367 63.603 43.876 34.639 101.618 65.992 80,613 25.623 20 308.485 330,315 19 Creditors= amount$ falling due after more than one y•ar 2024 2023 othef loan5 20,167 20 Deferred income 2024 2023 Othèr deferred ¢rKome 101.618 114,519 Deferre<l iOrne is Iuded in the finanoal stsiements as frAh)ws'. 23-
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Deferred income (Continued) 2024 2023 Oeferred incom8 15 includeij thIn.. Current liabilities 101,618 114,519 Movements in the year.. Deferred in¢ome at 1 September 2023 Released from PTeMous perirMIs Resources d8f8rred in Ihg year 114.519 1114,5191 101.618 58.122 158,1221 114.519 Oeferred income at 31 Auwst 2024 101.618 114.519 Deferred InCc relates to sGhool lees r1ved in èJvanc8 of Ihe schwl year. 21 Retirernenl b¢nefrt schem$ 2024 2023 Oellned contribution s¢hern•$ Charge to profit or loss in respect ol defined Contribut scherys 209.291 187.307 Restri¢t•d lund5 The restricted fund5 of the charty cOMpt ihe unexpended balances of donalions and 9rants held on trust $ubj8Ct to specific condrtions by dMors as to how they may be used. Atl September 2023 Incoming resources Resources expended Transfers At 31 August 2024 Sponsorsh PFA so.c0 26,706 16,8961 43,104 12,592 114.1141 76,7C (14.1141 16.8961 55,696 Previous year. At1 September 2022 Incoming resources Resources expended Transfers At 31 August 2023 SponscYsh4) PFA Other 22.579 18,627 17,881 122,579} 50.0 26,706 20.000 1,420 111.921} 119,301} 59.087 71.420 111,9211 141.8801 76.706 -24-
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 22 Restricted funds {Contlnued) Sponsorship- lunds ceiVed to sponsor children. PFA- Funds rai$e(I by Parent Friends AsxoatKJn IPFAI. Other. the schod raises funds ts srnal proiecjs. kny donatirms recwed for th8se are ear marked for these projects. 23 Unrestricted funds The unrestricted fvnds of the charity coftwrise the unexpended balances of donations g¥ant5 which ar8 nol subjecl 10 Specif cdItIcS by and grantors as to how they may be used. These include ¢Jesiynated fvnd5 which have been Set asth ¢yJl of LreStrICted fLThJs by the tyustees for Specific pUrpe5. Incoming r•sources Resources expended Tra115fers At 31 August 2024 Sèptember 2023 General fyjnds 4.704.949 3,010,280 13.028,111) 6,8 4.694.014 Previous year.. Incoming resources Resources expended Transfers At 31 August 2023 September 2022 Gen8ral lunds 4.197.859 3,314,027 12,848,817) 41,880 4,704.949 24 Analy$i$ of n¢t assets between Unrestricted lunds 2024 Restricted funds 2024 Total 2024 At 31 August 2024- Tangle assets a5setslllla.1leS} 4.594,871 99,143 12,592 43.104 4.607,463 142,247 4.694.014 55.696 4.749,710 -25-
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 24 Analysis of net assets b¢tween fvnd$ Iconthiuedl Unrnstri¢ted fund$ 2023 Rg$tri¢t funds 2023 Total 2023 At 31 August 2023: Tangible asset5 Current asselsllliabilitiesl Long term liat4lities 4,668,737 56.379 120.1671 26,706 4,69S,443 106,379 120.1671 4.704.949 76.706 4.781.655 25 0ratIng leas8 CL¥nmitments Lessee At the reporting date the Schtrj had ovtstanding commitments for tuture minimum lease payments Lder non-can¢ellabk operab.ng leases. which due as follows." 2024 2023 Wilhin one year Beleen and fve year5 107,647 115.892 96,264 108.216 223.539 204.480 28 Related party transactions Five of th8 Govemor5 12023: 31 have chibJreA and grandCh&dr at Ihe sdwl who have received scholarships. sbhn9 discounts and butsaries lotalling £14.461 12023.. £12,696) the year. i transaclK)ns took pce on a nrmwl basis. 27 Controlllng party The school, having no share ¢apilal. uThJer Ihe controj ol the Boavd of TnJstees, who are also th8 Directors of the school.
ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 28 Cash generated from operations 2024 2023 ID8fKitysurpu5 for Ihe year 131.9451 524.709 Adjustmenis for.. Inveslrnent income recognised in statemenl of finanrial activibes Depreciats and impaimwt of tangitle fixed asse 11.9671 1fj3,029 14241 150.938 Movements in working capita.. Decrease in slcKks Ilncreaseydecrease in deblors (Decreasel in creditors IDe¢reaseVinca$e in deferred irKrni8 1.320 7,226 1130,0971 56.397 132,5681 15,2621 112,9011 Cash 9en•ratèd from operations 79,738 610,069 29 Analysi5 of Ehange5 In net fund$ At 1 S¢[knr 23 CAsh IIow5 At 31 August 2Q24 Cash at bank arrfj in harKI 3(.973 117,1781 289.795 Loans falling du8 %Wthln one year Loans lalling due after more than One year {3.667) 120,167) 3.667 20,167 283.139 6.656 289.795 -27_