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 Num￿1 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 [re￿ned 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 EX￿￿tIv¢ 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 ￿r￿jaI ￿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 CoM￿Y ¥￿th the Schn and ar8 ever min¢Jlul of the need to prowde public benefit and to this end Sel its fees as low as possit4e lo meet Ihe fundiThJ requirements of opuatAI9 Ihe 5choc4. Tern fees for the 2023124 academi¢ yearwere as follows Prpschool 5 full days 7.30am- 1.00pm 7.30am- 3.20kxn £210h¥eek £3o1sess￿n £45lsession Re￿ption Preparalory Schcx)I (￿lMary 1 - 21 Preparalory S¢hwl (Primary 3- 61 Senior School Iyear 71 Senior School (Year 8- 111 £3.346 £3,721 £3,831 £4.081 £4.204 The sCh(m￿ uses a rDixlur8 01 i￿rsa￿£S and s￿n￿rshiPS as a way of en￿n9 thildren who othetwise woukj not in a position to attend the school can do so. with 8% 01 gross fees ¢)Jryenty allocaied for such bursaries and scholatships. It is inhefent In Ihe schools ethos Ihat an iThJividual's ecorK)mic slalus. 9ender. etlN)iuty. vate. rehgion, or disability do not fomi pari of Ihe procedures. We are an equal opportunity ￿ganISa1￿)n and a￿ ccThnttted ts a wothng environment that is free trtrn any f￿rn of discrimination on Ihe grounds ol cokwJr, r￿. ethnicity. ￿1￿1￿. sex. sexual orientstion. or d￿ability. We will rnake reasonable adjustrnents to meet the needs of staff CY are or L*cune disaNed. The schtr)I makes its sporting and dram8 facilit￿S available to bcal groups and organisations. TIP is lfy)king lo provide h￿NdaY care for the luture, wll benefil puwls and the local c￿￿mUnty. Pupils also participat8 in a wide range ol actiwties thal benefit the lrtal CL¥nnyJnty. ACHIEVEMENTS ANO PERFORMANCE The &Jvemors have adopted a "five ￿err￿ls- approath to drive the sthool forward. It is fert that this framework focuses the strategic devek)KMr¢nl of the schoc4 and alknws all stakeholders to trelter understand how the Govemors are boking to develop the school. Excellent education and pas￿4 care Upgra¢ed laolities Unique experien￿$ Community engagement Target class si2e$11 >201 ST DOMINIC'S PRIORY SCHOOL {STONE) GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINLIED) FOR THE YEAR ENDED 31 AUGUST 2024 IAI Ex¢•lleni educatlon As a noTrseleclive s¢hod we are extremely proud of our students. ￿$￿AS at GCSE. As our thildren have 8 WiL1e range of ability Jnd SEN. all Child￿rn have individual targeis based on Iheir level. We are p￿aSed io say that over 90% of our students met or exceeded their predthd grades aThJ ol aCh￿eM￿L 82UA of all entries achieved grade 4 or above 90014 of English entries achieved 9rade 4 ￿ above InatK*nal 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 CO￿lnUes. 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 re￿Ned ftjrther Investment to allow for events such as prize giwng to be able to lake place in there. This facility coukl be tn*Je aW￿lable for e￿eMaI 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 eXpa￿J. Thi5 indudes sthool tnps. djgnrtanes visiting the schocl and participaticn in Duke ol Edinbur9h bronze ar￿ awwds sdwnes. A ca￿er$ week has been held where stud8llts S￿nt a week working in varying aTeas of tYJsines5 and organisalK)ns to gain experience. Many assemblyès and sessions were hekJ ￿ 9￿St speakers coming to share their Job and rde students. The trtsform entry growth ena￿e$ 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 ta￿DIed pr(8rarnme many sludents now lake part in several annual exlemal competitions such as maths ChaI￿Nge$. put4ic speaking etc. opening up and wKleniryJ opporiunities and eXpe￿er￿eS for theffl. IDI Community Engagement We work with Stone Town Cotsnul in areas as Remembr8nce Day, Stone Fes￿'ValS. Stone in Bkjom, and the like. We have raised Ihe capacity and number of residentia trips across Ihe a9e rarvJe and provided more links aThJ opportunities for 51udents to conne¢t and 5￿PPort the commurnity. 9iving careers and work exper￿nce. Playgroup5 and ￿aY dates have been offered ¢0 Ihe ￿mmUNity 10 Slry)wrt ftyjthers ol young children to gel ¢0gelher and provide ear5y en9agement and education thrtyJ9h play for under 2s. The school has increased Its conn8a￿n with Ihe church and IoL31 Catholic primary 5cho(A. Liaising the parish and sch(MY for representslion and it7volvement in parish masses and olhw areas such as supporbng local paFJsh issue5 for example the youth dub. The school facilities i.e. sports hall and Priory Hall are made availab￿ to Ihe wthr tomrnunity for their use. Members ol the ￿eal cornmunity are Invited to many sthcd events and this also enaAes the chI￿ren to interact and leam more about members of the ￿￿er ccthmuThty. IE) Pupil Numberslclass Size The Governors have established a medium-lemi goal of 220 pupils for the sth(h)I a kng-lerm goal of 250 pupils. This number of pupils is consistent ￿￿th dass sizes of 1&20 pupils. Pupl numter5 over the covr5e ￿the 202&2024 academic year is as bek)v. ST DOMINIC'S PRIORY SCHOOL (STONE) GOVERNORS. REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2024 MONTH PUPIL NUMBERS FOR 2023-24 September Otlober November December January February March April May Jur July 193 195 195 195 197 200 200 SePteM￿r 2024 200 FUTURE PLANS The schcx)I continue$ to recognise the financial pressures faciNJ pa￿nIS and proa¢tNety Seeks ways in which cost sawngs or additional funéing can be achieven 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 Ir￿rease revenues and at the same time reviewing all operating ¢osts to reduce the reliance on Ihese t￿rd-partY donatKJns. The Sc￿1 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 ¢l￿CeM 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 sCh￿A 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 Do￿nIC5 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 ye*s and 11 years and a sen hool for ChiLd￿n between the ages of 11 years and 16 years. Organisational strUc￿r• Day to day running ol the Scho￿ Is de*aied 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 Su1￿c￿nmilIe8$. whKh rx%ws•". Finan￿ and General Puws BLIS￿esS Development) Govemance EdUcal￿nIcathol￿ Life Governors App￿ntm+￿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 exper￿￿te and capability in the fiekys of business rnanage￿nt. 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 C￿panY 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 0￿￿tn￿'S prI￿Y St*KxY {Slth)el for the pwpose of company law. a￿ resPon￿bIe lor pwaring the I>)Verr￿rs. 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 s￿leMents lor each firtanual year which a Iwe and fair v￿W of the Stale of attair5 of the Schcd and of the incoming resources and applicaton of resources. incluéirKJ the income and expendilure, of the charita￿e ccmnpany for that year. In prepanng Ihese financia stateft￿nts. Ihe GovenNYs are requi￿ to: - select Suitable accounb"tvJ rx)ki85 aThJ th￿ appty c￿ls15te￿lty. - obs8rve th8 methods and Kwiwples in the Chari¢*s SORP: - make jud9eTr£nts arKJ estimate5 that are ￿3$onable and prudentr. and - p￿pare the financial statements on the goiTrJ corwn ba5FS unless it i8 inappwiale to presume that th8 Scho will continue in Operat￿n. Th& Govemor5 are ￿sponsIb￿ for kee￿ng 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 resw5￿e for safeguarding the a5set5 of the SChLY￿ and hence lor tsking reasonable steps for the prevention and detectK)n of frawj and other I￿egL￿antie$. ST DOMINIC'S PRIORY SCHOOL (STONE) INDEPENDENT AUDITOR'S REPORT TO THE GOVERNORS OF ST DOMINIC'S PRIORY SCHOOL (STONE) Oplnion We have audited the financial statsments ol St Dominic's Priory (Stone) Ithe'school'l for the yeaT ended 31 August 2024 which Comprise the statement of ffinancial acbvitw. the balance sheet. Ihe statement ￿ cash flows and nole5 to Ihe finanoal stslements. including swJrnif￿nt accountirm) pOl￿e$. 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 PwlK*l. In our opinK)n. Ihe finanryal statements.. give a true and fair view of Ihe state of Ihe ch*iiaL4e 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 aC￿r￿a￿e 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 ￿sponsIbl1￿￿e5 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 beI￿ve that the audit 8Vhlence we have obtained Is suffitsent and appropriate 10 provide a basi5 lor our Opin￿n. Conclusions relating to golng concern In auditing the financial slatemenls. we have Q￿ChJded 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, Indiv￿￿81￿ 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 gO￿g cOr￿M are de5uib8d in the relevant se¢b"ons of Ihis report. Other informatioft The other information ccmmk￿ses Ihe inforrnatyon included in the ￿nual olher than the finamal statements and our auditorfs report therecffi. The Govemors a￿ resp(￿￿ble for Ihe other inf0M￿tiOn 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 responsi￿lIty is to read Ihe other inforrnabon and. n doin9 $0. ￿S￿er whelher the other Infom)ation is matenally Inconsisteni the financial stateTT*llts or knowledge obtained in the course of Ihe audit. or otheTh¥i5e appears to be materially rnisstaièd. 11 we id8ntsfy such material inconsistencies ￿ apparent material misstslem8nls. we are required its d•termiDe whether thi5 gives ris• to a material misstatement in the finama1 staternents themselves. If. based ¢)n Ihe work we have perfomied. we )nclude that there is a material rnis5t3lem8nt of this other infowmatK)N. we are i8qLtired to report that fact. We have nothin9 lo report in this regard. hlattèrs on whi¢h we are required to report by exception We have nothing lo rep(Mt in respect of the followng matters ￿ re￿tiOrt lo *thieh the Charities {AcCo￿¢S Reports) Regulations 2008 reQu￿re u5 to report to yiyJ rf, in our opin￿￿.. ihe information given in the financ￿1 statements is im?nsistent in ￿ matenal wtth the Governors, report". or sufficient acwunting records have not been kept-, or the financial slalemenis are not in agreement WElh ￿ accountiny rectYd5." or we have not ￿CeIVed all Ihe infCThatIL￿ and eXF4analbDns we requi￿ tr cxjr audrt. ST DOMINIC'S PRIORY SCHOOL (STONE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF ST DOMINIC'S PRIORY SCHOOL ISTONE) Responslbilities of Governors As explained rn0￿ fully in Ihe statemenl of Go¥eM￿S. ￿spOnsi￿"111ie$. the Govemors. who are also the di￿rt￿s of the School lor the purrKJse of cornpany law. are ￿$p￿sIble foi the preparatw of the finanrial statements and for being satisfied Ihal they a true an¢Y tsir view. and for su¢h Intemal rx>ft¢rol as the Govemors determine is necessary tts enable the preparab.on of finanoal stslements that are free from material rnisslatement. whelher due lo fraud or error. In preparing the finartcial 51alemenls. Ihe Govemors a￿ resp￿si￿e fw assessin9 the Schools ability to continue as a going concem. disdosing. as apKAicabJe. malleo ￿lated to 90ing concem and using the going concem baws ol accountirvJ unless the Govemors eilher intermj to fjouidaie the ¢haritable company or to cease operations, or have M realBlic alternalive bvt lo so. Aud51ofs re$pon5ibililies for the audit of the financial statements We have been appointed as auditor under SeC￿On 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* ab￿1 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 CL￿￿cled 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. Indi￿dUallY QT in the aggregate. they ws¢)nably be expected to influence Ihe economic decisions of usets laken ￿ the basis of these finaroal slatements. I￿egularitieS. Induding fvaud, are instsn¢e$ of rw)nn the nsk of mk%statement due to irregulartbes indudirKJ fraud and iailored our Procedure5 according to Ihi5 risk assessm8llt. The key procedures we undertook to deteci iThegulaiities indudirrtj fraud dufir¥J the course of the audit included." Identtyng and tes¢ing ioumal entres •id the overall ar£oun￿ng rewds. in parbcular those that were sKJnificant and unusual. Reviewng the finanual $18tement d￿SureS and Lleiem)inry a￿o￿nting poI￿leS have been appropriately appl￿￿. Reviewing and chalkngiro the a5surnpD￿s aThY judgements used by management sn thèir $i￿1r￿nt accountin9 eslitnates. Assessng the extent of Corn￿lar￿e. or lack of, th rdevant laws and regulations. Assessing the validlty of the dassrfication of income, experKhture. assets and liabilities belwèen Un￿striCted and restricted funds. Obtainin9 third party confirrnalion Lif rnaterial bank balances. Documentirtg and Ven￿ng all significant rdai*J paty balances and transaclwJns. Reviewing d0curnentatic￿ such a5 rthanty t>ogrd minthes for di5ojss￿s ol irregU￿rI￿*S including fr8ud. ST DOMINIC'S PRIORY SCHOOL (STONE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF ST DOMINIC'S PRIORY SCHOOL (STONE) Because ol the inhewt linwtsticfis of an awtht. lhe￿ is a risk thal we wll not dete¢t 41 irwularitse5, induding thxe leading to a material missts1e￿￿￿t in the finanoal s¢alerr*nts or ¥ion-cornplkHnce wlh regkjlation. The risk increases Ihe mort that cornpliance V￿1h a Law of regulation is renK)ved [￿rn ihe events and transadions reflected in the financial statemen15. as we TrMII be less likely lo be¢i)me aware ol inslances of nor￿Com￿l8￿ce. The risk is also greater ￿90rdIng Ir￿gulari￿es occurrifvJ due to fraud tather Ihan error. as traud involve5 intents.onal ¢(xKeal￿nt. forgery. collusion. omission or Misretyesentstl￿. A luther descripb.on of cwr ￿spOnsi￿"11￿"eS 15 available F￿a￿l81 Rerx)rting Covncils webwte at.. https."Il whvw.frc.org.ukJwditorsresprmsibilits"e$. This deSUytsc￿ fc*ms 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 at￿pt 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 T￿nI 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$: Fund balance5 8t I Septembe¥ 2023 4,704.949 76,706 4,781.655 4,197,859 59,087 4,256,946 Fund balances at 31 August 2024 4,694.014 55.696 4.749,710 4.704.949 76.7(￿ 4,781.655 The statement ol finanual ￿t￿l￿eS in¢kM1es all gains k)sses reccqnised in the yew. All ir￿rne and expendilure derive frcxn continuing activibes. 10- ST DOMINIC'S PRIORY SCHOOL (STONE) BALANCE SHEET ASAT31 AUGUST 2024 2024 2023 Notes Flxed assets rarvJible assets 14 4.607.463 4.595,443 Current assets Skncks Oebtors Cash at bank aNJ in haThJ 15 16 1.775 159,162 289.795 3.127 126.594 306.973 450.732 436.694 Creditor5= amounts falling due within one year 18 1308,485} {330,3151 Nèt ¢urrent assets 142.247 106.379 Total assets less current liabilities 4.749,710 4.801.822 Cr¢dlttsrs'. amounts falling due after more than ono year 19 120.1671 Net ass•ts ¢xduding pension liabllity 4.749.710 4.781.655 N*t assets 4,749,710 4,781,655 The funds of the School Restri¢ted income lunds Unrestricted funds 76,706 4.704.949 4.694.014 4.749.710 4.781,655 The company is entided to the exemption Irom the audit requ1￿meTht contained ift secbOA 477 of ihe Cornpanies Act 2006. for the year ended 31 Augusl 2024, although an autht has carried wl Ur￿er section 144 01 the Charibes Acl 2011. The director5 ￿kn￿￿e&Je their reSPon￿billt1e9 for i￿7p￿ing wih the requirements of the Companie5 Act 2006 with resperA to acLounting re(x)rds and Ihe stst8m8nts. The member5 have not required the company to obtain an audit ol rts finanual statements und•r the requirements ol the Comp8nies Aci 20¢%, for Ihe year In ques￿ th7 accordarte vmh section 476. These financrdl slaternents have been wepwed in acrThdpAKe With Ihe wovi510￿ appliCa￿e to C¢thpan￿ subject to the small umpanies regime_ ST DOMINIC'S PRIORY SCHOOL (STONE) BALANCE SHEET (CONTINUED) ASAT 31 AUGUST2024 The financial statements were approved by Ihe GovemN5 on 11 Oecemter 2024 Mrs Karen Champ Govornor and 7ru$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 tangl￿e r￿ed 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$h and ¢ash equivalents 117.178) 149.1651 Cash and cash equivalents at begining of year 306.973 356,138 Cash and ¢ash equival*nts •t end of year 289.795 3r￿.973 13- ST DOMINIC'S PRIORY SCHOOL (STONE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollc5es Charity information St Dwninic's Priory sc￿ Istonel is a wivaie corrwny limited by guarantse Inc￿rated in Eryl￿d and Wales. Tt* registe￿ off￿e is 37 Sts¢H)n Road, Sto￿. Stsffordshire. ST15 8ER. 1.1 Accounting convention The finanoal st3ternents have been prepared in accordance wih the Schoofs governing docum8llt, the Companies Act 2006. FRS 102 "The Finan￿al Rep¢￿ing Standard applicab￿ In the UK and Republic of Irelan¢J" I"FRS 102.1 and the Charilie$ SORP "Ac¢wnting and Reporting by Charitie5'. Staternenl of Recornmended Practrce applicable lo charit*s 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 fina￿la1 statements have tjeen rK8pared undeT lh8 histLvical cosi convent￿n. ImLKhfied to incI￿Je the fevaluath)n of freehdd propert￿$ and to include inveslmenl properties aTrJ certain ffinarKial inst1wn￿ls 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 f0￿CaSts 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 ￿l￿ont ￿ 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 liabilit￿S 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 $tatement5. 1.3 Charitsble funds Unrestricted funds a￿ availaile for use at the o( Ihe GovemNs in furtheranc* of thev char*table 014'eclives. Restricted hjnds are subject to specffic conditifm5 by donors or granlor5 a5 to how they may be used. The purpos8s and uses of the re5tnctE£S funds a￿ set rmjt in ￿ tKJle$ to the finanaal statements. 1.4 Income Donations a￿ recognised as in¢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 perfOrn￿n￿ condibons ￿ recc43nt5ed in in)n* ￿eTh the performance ￿nditionS are met. Where a grant doe$ not speufy performarKe conditions it is recognise} 1110.9491 131.7781 112,5421 2,098, 1.948.136 Income from other trading acti¥ttios Urtrestri¢ted UnrÈ$trfjcted funds funds 2024 2023 Nonst$ TeachingC0515 wdrareco&ls Premises to&1 1.79)240 27.1*9 *.072 32$,% 164209 2￿.489 25.518 77.613 1￿,¢8) 1.e4)9.344 124.922 5&5,C61 110.136 135,1 362.634 150.938 242.￿5 13,800 1,719,480 135.063 60S.751 358.268 36,32S 163mg 91.179 Gov$n￿nce¢¢sts 2.103.128 766,03S IWm9 3m2,192 1.83U.761 161.188 15D.938 2.853.887 tun¢$ Restrict￿lf￿ 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 chwgl￿lCredrtirWJl". Fees payable lo the ¢hartyS auditor - for the audil of the charivs fina￿la1 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 reTTw￿ratIon 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 Numb*r 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 Terrni￿a￿0n paymenls tolalling £wNI12023.. £3.2641 wer8 paid in Ihe ￿￿K￿￿"n9 per1￿J. The nurnber of ¢m￿oYeeS annual remun8ration was nxye Ihan £60.￿0 is as follows-. 2024 Numb•r 2023 NuM￿r 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 mar￿em￿nt Personnd was £313.61612023- £245.7501. 13 Taxation The charity is exempt from laXatic￿ its aclivities because its i[KC￿ is applKd for Charitab￿ WryK￿e$. 14 Tang4)le fixed assets Educalion books. Ilipment•gUiPI)ènt and lurru¢urtr Motor vehlGbvs Total Cost At 1 Sept¢mber 2023 Addrtions 4,722.522 25.209 475,623 42.304 248.344 7.536 37,500 5,483,989 75.049 At 31 Augusl 2024 4.747.731 517.927 255.880 37.S(M) 5.559.038 Deprt¢iation and impaim*nt At 1 Seplernbei 2023 Depreciation charged in the year 291.694 94.955 274,529 216.698 17.944 5,625 5.625 788,546 163,029 At 31 August 2024 386.649 319,034 234.642 11,250 951,575 Carrying amount At 31 Augusl 2024 4.361.082 198.893 21.238 26.250 4,607.463 At 31 August 2023 4.430.828 201.094 31.646 31.875 4.695.443 15 Sto¢k$ 2024 2023 Catering supplies 1.775 3.127 16 Debtors 2024 2023 Amounts fallln9 due withln one year= Trade deblors othef deblvs P￿paymentS 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