Company regi5tratlon number 07577822 (England and Wales) Charfty reglstratlon nUmr 1142325 (England and Wales) Bowdon Preparatory School Annual report and financial statements For the year ended 31 August 2025
Bowdon Preparatory School Legal and administrative information Trustees Mts l Duschenes Dr H Zhao Dr N fighe Mr G Lines Mr N Edwards Mrs A Stewart Ms E Hussaln Ms R Murphy Mrs M Kawasaki Dr X Wang Mrs C Commèrmond Mr R Willey Dr M Sumra Mrs J Bacorb Mr G Hemming (Resigned 16 July 20251 (Resigned 11 January 2026) (Resigned 4 March 20261 (Resl9ned 4 March 2026) (Appolnted IS Ortober 2024) (Appointed 29 October 2D24) (Appointed l January 2025) (Resigned 10 November 2024) Secretary Ms K J Pheasant Charity number 1142325 Company number 07577822 Registered office Bowdon Prepardtory School Ashley Road Altrincham Cheshire WA14 2LT Audltor DJH Audit Limited Bridge House Ashley Road Hale Altrincham WA14 2UT
Bowdon Preparatory School Contents Page Trustees, report statement of trustees, responsibilities Independent aUdit0S report 10-12 Statement of financial activitles 13 Balance sheet 14 Statement of cash flclws 15 Note5 to the finan¢i)15tatéments 16-27
Bowdon Preparatory School Trustees. report (including dlrectors. report) For the year ended 31 August 2025 The Iru5tees present their annual repgrt and ftnancial statements for the year ended 31 August 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the firiancial statements and comply with the charity's governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended practi applicable to charities preparing their accounts in actordance with the Financial Reporting Standard applicable in the UK and Republit of Ireland {FRS 102). leffettlve l January 2019}. Reference and admlnlstrative Information Reference and administrative details are shown in the schedule of company Information on the first page of the flnart¢ial statements. The trustees The trustees who Served the company during the year were as follow5.' Mrs J Duschenes {Resigned 16 July 20251 Dr H Zhao Dr N Tighe IResigned 11 January 2026) Mr G Lines Mr N Edwards Mrs A Stewart Ms E Hussaln Ms R Murphy Mrs M Kawasaki (Reslgned 4 March 2026) Dr X W4ng (Resigned 4 March 2026) Mrs C Commarmond Mr G Hemming (Fiesigned 10 November 2024) Mr R Wllley (Appointed 16 Ortober 2024) Dr M Sumra (Appointed 29 October 2024) J Bacon (Appolnted l January 2025) Structurey governan and mana9ement The VernO, who are al the charity trustees, are responsible for the overall mana9ernent and cDntrol of Bowdon Preparatory School and meet in full at least three times a year. The work of implementing most OF their policies is carried out by the Headteacher, and the Senlor Leadership Team. The Businegs Committee, which also meets at least three times a year. work5 under the chairmanship of a Governor èppointed by the Btsard. The Bowdon Preparatory School Bursar is responsible for coordinatlng the work ¢f the Governors and their Committees. Oryanisational management The Trustees determined the general pollry of thè School. The day-to-day runnlng of the School was delegated to Mrs Makepeace-Taylor, as Hèadteacher, supported by senior educational Staff. Mrs Makepea- Taylor undertook the key leadership role, overseelng educational, pastoral and admSnlstrattve functions. The day-to-day admini51ration of the School was undèrtaken within the policies and prOdureS approved by the Trustees. Mrs Makepece-Tèylor attended all Trustees, meetings and oversaw the recrultment of all education and other staff. Risk management The Trustees were collectively responsible fvr overseeing the risks faced by the School. Detalled conslderations of risk were consldered by sub-groups of the Trustees and day-to-day operatlons wÈre delegated to appropriate staff at thÈ School. Risks were identified and assessed and controls were established throughout the year, and steps We tsken to mitlgate risks, Indudin9 Insu cover where appropriate. Risks were managed under the headlngs of.. lal Health & Safety, Safeguardinglchild proteth.on Ibl Property/8uildlngs Ic) Educationmeaching Idl Financial Sustainablllty GovÈmance & Management
Bowdon Preparatory School Trustees, report (Includlng directors. report) (continued) For the year ended 31 August 2025 e) Human Resources/Employment. Through the risk management prOSSeS, the Trustees were satisfied that the major risks identified had been adequately mitigated where necessary. It was recognised that systems can only provide rea5Dnable but r)ot absolute aSsu[an that major risks had been adequately managed. The key controls Include formal agendas for boar(I meetings. minutes OF all meetings and follow-up action points, and formal wrltten policies. TrustÈÉ recruitment and trainin9 Trustees were appolnted at the full Twstees. meetings by the existing Trustee5. The Board of Trustees required breadth depth of experience to carry out its dutie5 effectively and efficlently. When cjItln9 new Trustee5, a5 well as appropriate skills and exper4ence, the Trustees sought people with a hlgh commltment to the School's ethos. The Trustee5 are looking for addltlonal OfflrS to add to the skllls of the existing board and provide for continuity. and are likely to seek to make furthèr appointments In the coming school year. Group structure and relatlonshlp$ On 13 March 2026, the school announced that It would be joining the charitsble Repton Family of Schools on I September 2026. The BoTrwdon Prep Board recognised that many standalone UK pp schoo15 have beèn experienclng challenges in recent years, and it is a testament to the leadership and govcrnance of Bowdon Prep that the School is in the strong p051tion that It is. Wlth a real depth and breadth of expertise in both academlc dellvery, and school marketing and admissions, the Repton team will help to consolidate and strengthen the Bowdon Prep flnances even fvrther and. in turn. secure the future of thls very special place for many years tts Come. The School's activltles and tradlng perforrnan are induded in these accounts. The SchoDI has no subsldlaries but benefits from the generosity of an active Parent Teacher Association (The 8PS Socletyl whose support 15 greatly appreciated and acknowled9èd. The School and Its community benefit great from the work of the BPS S(Krety, through fvndraislng events that flnance enrlchment activities and opportunltles for the pupils and also strengthen the School's ethos through the famlly community events. Our parents helped with many community projetts and fundraSsSng actlvities, such a5.. Runnlng a second-hand uniform shop Organising Christmas discos for all year groups including fvnd-raising actltIeS Or9anising whole school Hallowe'èn parties and activities Funding additional music & drnma travel Fundithg Chri5trnas treat5 Fundirhg 3 Quidditch day for the Prep puplls Funding a Viklng Workshop for Pre-p pupils Furbding a Sclence Day and Planetsrium for all puplls Funding the Year 6 Leavers Party Supplying Easter Eggs for all pupils Supporting at B-Fest and Sports Ddy Objectlves and activities Our alms The School operates under the ternis of the Memoran(lum and Artides of Association. The ObjÈttives of the School, as defined In the Artlcles, a the advanment of education for the public beneflt at Altrincham in Cheshire, through an indÉpendent preparatory school for girls and boys, in which puplls are taught the dutie5 and doctrrnes Df Chrfstlanity. The Sthool is non-selectNe. Although the Objettives allow for the education of boys, the school has historicalfy operated as a single-sex, girls only Setting. However, the Trustees took the declsion In March 2026 to admlt boys from September 2026.
Bowdon Preparatory School Trustees, report (Includlng dlrectors. report) (continued) For the year ended 31 August 2025 Objèrtives and activitie5 Our aims {continued) We aim, through the Lower School and Prep Departments. to provide an exlIent educati)n to children aged 3-11. We seek to enable the attalnment of the highest academic levels, through an academic currlculum and attentive pastoral care, whilst promoting the physical, rnornl and social development of puplls. Pupils are encouraged to benefit from the extra-ajrricular programme provlding opportunltles for creatlvity and self-expan5ion. The move to a co-educational model will enable more chlldren to beneffit frorn these aims. Our obJÈttives Our objective5 rellect the educational aims and the ethos of the School. With academic SUC55 comes holce. We are ctsmmilted to producing well-bal4nced, rounded and confiderht individuals. The Trustees have given caf1 considerntlon to the Charity Cofflmission's general guidance on public benefit and in particular to it5 supplementary publlc benefit guidan on advancing education and on fee charglng. Our key objectives for the year were.. To maximise pupils, intellectual growth and achlevements to secure effectlve tran51tion and future success, in parttcular by Maintalnlng the highest quality provision conslstently ensuring exlIent standards of teaching and Enhancing the well-belng of the whole school communlty To ensure sustainablllty and develgpment of the school, in partittjlar by buildlng pupil r)umbers learning Our ethos, strategy and policies Our ethos can be summed up as a school that enables each pupil to achieve their potentlal, identifying and building on their areas of strength, be they academic. sporb"ng, artistic or other. Our vlslon is to empower all pupils to believe in themselves, and to persevere and succeed in all that they do. All puplls are encouraged to adopt the value5 of for all. commltment to eXllen and working together. The Company Is a registered charity that seeks to benefit the public through the pursuit of Its stated aims. Pollc5es'. Our School welcomes pupils from all backgrounds. Entrance intervlews and assessmerbts are undertaken to satisfy ourselves and parents that potential puplls would benefit from the educational offer and supportive envlronment that the School provides. An indlvSdual's economlc status, ethnicity, ra. religion or dosabillty does not fom part of the assessment processes. We are an equal-opportunity organisation and are cotnmitted to a worklng environment that is fe from any form of discrimination on grounds of colour. race, ethniclty, religion, sex, sexual orientation or disability. Our school 15 committed to safeguarding and promoting the welfare of pupils and requires all staff and volunteers to share th15 comrnitment. Parents are given regular feedback on their children's social and academrc progress through pupil review meetings, regular parent5. evenings and wrltten reports. In addition, our staff maintain informal Contatt with parents as required. Our schDoI ig committed to ensurin9 that access to the education that we offer Is not restricted to those who can afford our fees. The funds of the School need to be bullt up first, but several bursaries have been made to relieve hardship where a pupil's education would be at risk owing to, for example, business failure or redundancy. Irh a55essing means, we took into account a number of factors, including family income, savings, assets and investments, and dependent relatives. The School does not, however, have a capital endowment and we have to be careful to maintain a balance between fee-paying parents, rnany of whom made considerable sacrlflces to pay fees, and those who benefit from awards. The Bursary awards ranged from 20% to 100% remlsslon of fees. Detalls of how to apply are included In Infomiation packs provided tD parents applylno to the School. The success of our Bursary Scheme is explalned in Dur review of activities and achievements below. The school also offers discourhts where parents have more than one chlld at the School, whlch we believe assists larger families. access to our school. To ensure that families with sons hre not disadvantaged by choosSng single-5ex schools, we also ojrrently offer a sibling discount where son5 attend Altrlncham Preparatory School fof Boys.
Bowdon Preparatory School Trustees. report (includlng directors. report) (continued) For the year ended 31 August 2025 We seèk to attract and retain high-callbre sL)ff- there is a contributory pension scheme avallable to all staff, both teaching and non-teachin9. In additlon. a range of stsff benefits is offered includlng life cover, a health cash plan and enhanced parental leave pay. Rpview of activities and achievements lor the year Revlew of actlvltles Public benefit Thè Governors estimate that the attendan of 281 pupils at the SchiM)I savÈd the publlc approximately £2.05 mllllon based on an average cost per maintained school place of £7.920 per annum. Bursariès/fJmily support Bursaries have been provided durlng the year Three mornlng clubs are available - namely Wake up Shake up, Workout and Story Tlme Afterschool club Is offered, alDng with at least two artivity clubs each nlght attendance at the clubs a high Late pick-up provlsion at no charge Staff training to support vulnerable families Wellbeing provision for puplls Holiday Club wa5 Offered for all half-term and full holidays for puplls and non-pupils aged 3-11 Résidentials: Year 3 - 1 night at Tattenhall Outdoor Centre Year 4 - 1 night at Tattenhall Outdoor Centre Year 5 - 2 nlghts at Condover Hall Year 6 - 4 nights at The Outward Bound Trust, Ullswater Extra-currlcular local involvement Fundraising - The school supported the following charities- In house: Save the Children - £345 ChlldrÈn in Need - £579 British Leglon Poppy Appeal - £429 Sports Rellef - E7514 CommuThlty Llnks.. Trafford South Food Bank - donation of harvest food Lltter pick by Year 3 In the local aa Year 5 Street performance of shakespea monologues In Altrincham Year 6 vlslts to Springbank Retirement Home - Chrtstmag Carols Career support and profésslonal development Support fcTrr seven stsff members to aCsS senior leader. teacher, TEFL and TA tralning {fundlng and mentoring) Faeilities Rental of the 5choDI by Stagecoath Perforrning Art5 School, Diddikicks and Dance Yourself Ftt Achlevements for the year PastQTal care Pastoral support remains at the heart of all we do. We belleve that happy chlldren will learn well. As a result, we continued to take the following action: CPD devoted to pupil mental health and well-being and adaptive teaching to support pupils with neurodivewence or speech and langu3ge needs. Stsff received tralnlng In supporting pupils with Mental Heolth problems Identified how many potential pupils needed 5UPPOrt and how much
Bowdon Preparatory School Trustees. report {Includlng dlrectors. report) (continued) For the year ended 31 August 2025 Achievements for the year (Continued) Pastoral Thire (continued) Promoted SEMH, mlndfulness and restorative prattl wlthirb the classroom Improved the provi5i9n of information for parents so they could seek supportA guldance and advice f they had concerns about their children, Irkcludlng weekly irtformation events lrt¢orporated wellbeing into weekly d4ssla55embty sessions Continued to develop pupil voice and pupil leadership. Contlnue to monitor CPOMS system to support cordIng and monltoring of safeguardlng concerns and pa5tornl issues Have a named SAC- School Attendan Chavnpion, on SLT- monltor trends and impact of latel absent puplls Restoratlve practtce tralnlng of all teaching and pupll support 5t4ff Staff tralning and development to support puplls with SEND.. focus on Quallty-Flrst, adaptlve, fflultl-sensory teachin9 for all Focus on use of ICT in all classmoms FOCLFS on safety and safeguarding edUCatTh This year, we also appointed a -Wellbeirbg Lead- to support both pupils and staff, who continues to improve our pastoral provision for all. Teaching and learnlng In 5ummary'. Positive rectsgnition during ISI inspectlon of progression, breadth and balance within the Eurriculuwn acr055 the whole school ttle Wandle phonics and reading scheme, and catch-up resources, fvlly embedded throughout Lower School Llitle Wandle 'rapid catch-up, offered to those girls needlng support with eadler wding or phonlc skllls In Y3, further enhancing transition across stages of learning All Year 5-6 puplls are placed in ability-apprppriate lessons for English and math5, thls is monltored nd enables movement for challenge or sUPPOrt Durlng term 2 and 3, Year 5 pupi15 will be offered four befO-s¢hOOl sessions per week, In focused teachlng groups, to sharpen skills and support developttherht of comprehenslon, verbal reosoning general moths, and non-verbal reasonlng In pparation for Il+ examinations. Durin9 term 2 and 3, Year 5 puplls wlll be offered four before-school se55ions per week, In focused teaching groups, to sharpen skills and support development of comprehension, verbal reasoningi general maths, and non-verb41 reasoning in preparation for li+ examinations. Y6 pupils are offered iwo sesslons per week. in Autumn term, to prepare for independent school exarninations ir) January Following whole school CPD Adaptive Teaching, there has beon a strong focus on raising expectatlons, identifying pupil misconceptions, supporting through use of scaffolding and concrete apparatus, and challenging through appropriate questioning. This helps pupils build confiderhce in their own abilitie5, sÈlf-as5ess, and develop resilience, ensuring optimum progress for all the pupils Reading recovery continues where necessary, to aid decoding developmertt and comprehension from YI-6, and Y3-6 recelved high-ouality 5peoalist teaching session5 in the Ilbraryi where discussion of a wlde range of ovÈts improved higher-level wding skills further and ald dlscusslon of a variety of real-life SnariO5. Year 5 pupils continue to use'Reading Plus. throughout the year and sFw)w slgnlficant improvement in fluencyi speed and vocabulary acouisition. They show an ability tcj read a range of styles Ctf questions, using inference, in line with Y7-8 expectations. Monitor impatt and use of Al resources (Century Tech and Reading Plu51 and additional digltal learning resour in See-saw to support leamin9. particularly English and maths, across the school Upgrade to Wi-fi network in place and roll out of pupil devitss from K-Y6- monitor Ifnpact t incrèase IT access Homewod( opportunities at Actlvated support by DIH, offeriThJ teaching sUPPOrt and ensurlng effective homework hablts
Bowdon Preparatory School Trustees. report (including directors. report) (contlnued) For the year ended 31 August 2025 Téachlng and l•arning (continuod) Cc¢ntinued opportunitie5 for additional learning through visitors, experienw and off-51te learning opportunities Success and athievements We were very proud of the girls. academic achievements during the year, in partiujlar: Attainment of Year 6 leavers.. 83Wo in top 25% and 15% in top 2% of all pupils nationally 9611/0 of Year 6 leavers recelving offers at selertlve senior schools (grammar and independent) In the UKMT Junior Maths Challenge malnly almed at Year 7$ & 8s, out of 54 Year 6 entrles, we achiÈvÈd 5 Gold, 9 Sifver and 10 Bronze certiricates. Of the glds who achieved Gold certlflcates, two girfs also qualified For the next round. the Kangaroo Challenge. They both qualified for Bronze certlftcates In thls more challenglng round, whlch was a tremendous achievement. As well as its academic excellen. the school is proud of its record in encouraging its pupils to get Involved in the wider opportunities and to aim high. These artivities Ore numerous and extensive. Soine of the hlghlights were.. ISA Ull Regional Netball Runners Up - 8th consecutlve year quallfylng for the ISA Natlonals ISA Ull National Netball Champions - 3rd time in 4 years National Mixed Lacrosse Bronze Medalists - only all gidg tèam in the COmpetIon Greater Manchester Mlxed Lacrns5e ChamplDns U9 ènd Ull ISA North cross countsy Indlvldual champlons 4 athletes at ISA National Athletics - 3 silvers Altrincham & District Cr05s Country Champions - 2nd year In a row Trafford Y415 Swimming Champions Trafford Sports Ha51 Athletlcs ChampKJns with Altrincham Prep - 3rd year In a row Manchester ISA U9 Bee North Netball Charnpion5 School Games Platinum Award - 3rd consecutive year te[vIng thls award LAMDA - Year 3 to Year 6.. 54 distinction5 Mini B-Fest and B-Fest providing an opportunlty for all pupi15 to perfomi to an audience Year 3 waxworks Early Years and P-Prep Nativity and Christmas performar Year 3 & 4 Spring performance of'mystery at Magpie Manorf- 2 In s¢hool performances Year 5 & S production of 'Matilda the Musical JR. at Sale Waterside Theatre I matlnee and 2 evenlng perfom)ances Whole school mOdern-folgn language day Whole school equality, diversity and inclusion day 8th in Greater Pupil numbers and fees Our educational artivities were carrieil put through our Early Years, Pre-Prep and Prep departments. The average number of pupils at the School during the year was as follows: 2025 2024 Pre-PreparatD Pre arato 55 252 241 281 307 Our fee Increase In September 2025 was 2%.
Bowdon Preparatory School Trustees. report (including directors. report) (contlnued) For the year ended 31 August 2025 Publlc beneflt In setting its aims, the Governors have Ca1[Y Considered and complied with the duty In settion 4 of the Charities Act 2011 to have due regard to the Charity Commlssion's publlshed generdl guidan on public benefit and, in particular, to the guldance on the advancement of educatiDn and fee charging. The School fulflls Its public benefit qUirement In various ways* including- (al Bursarles the School operated bUrsaeS for five chlldren ranging from 20% to IOOVO for pupils who would otherwise be unable to take up a place. There Is no current bursary fund and the bursarles need to be pald out of the income achieved ft>r the year. The School must balance the awardlng of bur54rles against thè long-tem sustainability of the School in generdl. Where possible, the School will award bur5arie5 in cases of hardship and especially to children who will benefit and flourlsh from the envlronment the School has to tsffÈr. Bursanes are offered only to existlng pupils and that forms part of the bursarles PL>Iicy. Ib) Facilities All the external school club provider5 are allowed to use the school facllltles free of charge. In addition, the school nts out part5 of the premise5 Out of hours to local community organisations. (c) Volunteers and parents and grandparents of pupils helped with varfous a¢tivitle5 at the School and the Governors would like to express their grdbtude for the continuing and valuable support. Flnancial revlew l. Operating perf0rrnan overvlew the School reported a deficit of E144,055 after a £33,768 contribution to the bursary fund. The School has no current debt, and maintains strong cash reserves. 2. Numbers the School. like other preparatory schoo15. fa conslderable Pressu roll number5, owlng tD the competitlve environment, general dovdnwar(I trend in demographlc numbers, imposition of VAT on tuition fees and the continuing cost of Itving cri515. The Governors are nDt complacent about the need to carefully mtsnitor cash flow and expenditure in thls environment. As a result, the School has taken the decision to admit boys from the start of the academlc year 2026127 to in(Tease the pupll Intake and Improve its resilience to future challenges. 3. Income total fee income of £2,716,83B has been achieved thls year. 4. Expenditure whllst there have been a number of material increases in expendlture thls year, the careful control of expenditure has meant that overall resour expended increased by just utbder 6Wo. The average number of staff decreased from 81 to 79, whilst total stsff ¢05ts rose by 9% to E2.49m. We remain focused on keeplng c05ts under tight control and in line wlth budget proJectlons. 5. ReseNes policy - the School has invested in upgradlng fits buildings and facilities, and the Governors have built up a capital fund for use should parts of the building fall and to cover major malntenance. Thls requirement is being carefully balanceil with the more immediate educational needs of the school. 6. Investment policy and objectives the Memorandum and Articles of Association authorlse the Governor5 to rnake and hold investments and to operate an overdraft facility and tske loans. At pffjsenr, the Governors have not needed to run an overdraft or take out any such loan. At present, the Governors consider they have sufficient cash resetves for emeryency reqU1Ments.
Bowdon Preparatory School Trustees. report (including directors. report) (continued) For the year ended 31 August 2025 Plans for future perlods Futtjre plans the School'5 current ftnandal and premises plans continue to be vieWed by the Governors. The key objectlves for the coming year are to: Further develop our ICT strategy to develop pupll and staff understanding of positive and negatlve Impacts of A.I. Continue to develop adaptlve tead)Ing. to enhantr stretch and challenge withln Tèaching and Learnlng Maintain increased awarene55 of well-being for pupils and all staff Focus on outdoor learning to enhance wellbeing Continue to devèlDP relatlcpnshlps with local nurseries Maintain increased awareness of well-being for pupils and all stsff Focus on outdoor learning to enhan wellbeing Continue to develop relationships wlth local nurseries Audltor Ln accordance wlth thè company's artlcles, a resolution proposlng that DJH Audit Llmited be appoInted as audltor of the company will be put at a General Meeting. The trustee5' report was appmvèd by the Board of Trustees. Ms E Hu5sain Chalr of Trustees Date: ....
Bowdon Preparatory School statement of trustees, reponsibilitSes For the year ended 31 August 2025 The trustees, who are also the directors of Bowdun Preparatory Sd)DoI for the purpose of COTnpany law, ore responsible for preparing the Trustees, Report arbd the financial gtstements in accordance with applicable law and United Klngdom Atcounting Standard5 (United Kingdom Generally Apted Accountlng Practice). Company law requires the trustees to pparÈ financial ststements for each financial year which give a true and fair view of the state of affairs of the chaty and of the incoming rescturS and appllcation of resources, Includlng the income and expendlture. of the charitable company ft)r that year. In preparlng these financlal statements. the trustees are reqUId to.. select SLJltable accountlng policies and then apply them consistenuy; ob5erye the methods and principles in the Charities SORP. make judgements and estimates that are rea50nable and prudent. state whether applicable UK Accounting Standards have been followed. subject to any material departure5 disclosed and explalned In thè financial statements,. and prepare the financial statements on the going Conrn basis unless It Is Inapproprlate to presume that the charlty wlll continue In operation. The trustees are responsible for keeping adequate accounting records that dlsclose wlth reasonable accuracy at any tlme the financial position of the charity and enable them to ensure that the financial statement5 comply with the Companies Act 2006. They are also responsible fDr safeguarding the a55et5 of the charity and hence for taking reasonable steps for the preventlDn and detection of fraud and other Irregularltles. The trustees are responsible ft)r the maintenaft and integrity of the charity and financial information induded on the d)arity'S website. Legislation in the United Klngdom governing the preparatlon and disseminatlgn of financial statements may differ from legislation in othèr jurisdiction5. By order of the Board of Trustees Ms E Hussain Chair of Trustees Date: 11/12.6......................
Bowdon Preparatory School Independent auditor's report To the trustees of Bowdon Preparatory School Oplnlon We have audlted the finanaal statements of Bowdon Preparatory School (the 'charity'l for the year ended 31 August 2025 which comprlse the statement OF financial ath"vities, the balan sheet, the stateJnent of cash flows and notes to the financial statements, Includlng slgnificant accounting pollcles. The flnancial reportlng framework that ha5 been applied In thelr pparatiOn is applicable law and United Klngdom Accountlng Standards, including Financial Reporbng Standard 102 The FInanal Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accountin9 Practlce). In our oplnlon, the financial statements: glve a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and Of its incpming resour5 and applicatr.on of resources, for the year then ended,. have been propedy prepared in accordan with United Kingdom Generalty Accepted Accountlng Practlce,. and have been prepared in accordance with the reqvlrements of the Companles Art 2006. Basis for oplnlon We ¢ondutted our audlt In accordance with Intemationol Standards on Auditing (UK) {ISAs (UKI) and appllcable law. Our responslbllitios under those standards ère further described In the Auditor's respon&bilities for the audit of thé financAal statements settlon of our report. We are indèpèndent of the charity In acWrd6n with the ethical requlrements that are relevant to our audit of the financlal statements in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibllities In accordance with these QUIreMents. We belseve that the audit evldence we have obtained Is suffi"clent and appropriate to provide a basis for our oplnlon. Concluslons relating to going concern In auditing the financial ststements, we have concluded that the trtee5. use of the going con ba$15 of accounting in the preparation of the finandal statements is appropriate. Based on the work we have performetf, we have not identified any material uncertainties lating to Èvents or conditions that, Indlvldually or collectNely, may cast significant doubt on the charlty's ability to contlnue as a golng concem for a perrod of at least twelve months from when the flnantial statements are authorlsed ftjr issue. Our responslbllltles and thè responsibilitie5 of the trustees wlth respert to going concem ère described in the relevant sections of thi5 report. Other informat5on The other information comprises the infomation induded in the annual report other than the financlal statÈments and our auditorfs pOrt thereon. The trustees a responsible for the other informatlon contained wlthln thè annual report. Our opinton on the financial statemènts does not cDver the othèr informatlon and we do ntst express any form of assuran condusion thereon. Our responsibility is to read the other information and, in dolng so, consider whether the other inft)rmatlon is materially incon515tent with the financlal statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially mlsstated. ff we identify such material inconsistenaes or apparent material misstatements, we a requi to determine whether this gives rise to è material misstatement in the financial statements themselves. If, based on the work we have perftTrrmed, we conclude that there Is a material misstatement of this other Informatron. we are required to report that fact. We have nothing to report in this regard. io-
Bowdon Preparatory School Independent auditor's report (contlnued) To the trustees of Bowdon Preparatory School Matters on whleh wè are required to report by exception We have nothlng to report in respect of the following matters in latIon to whith the Charitie5 (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the infomatlon given in the flnancial ststewnents is inconsistent in any material respect wlth the trustees, report,. or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accountlng records- or we have not received all thè information and explanations we requlre for our audit. Responsibiliti¢$ of trustees As explained more fully in the statement of tNstees' re5ponsibilitie5, the trustees, who are a150 the directors of the charity for the purpose of ¢ompany law, are responsible for the preparatlon of the financial statements and for belng sat15fied that they give a true and fair view, and for sud) internal control as the trustees determlne Is necessary to enable the preparatÈon of financial statements that are free from material mi5Statement, whether due to fraud or error. In preparing the financial statements, the trustee5 are responsible for assessing the charity's ability to continue as a going CC*ncern, disdoslngl as applicable, matters related to going conrn and using the going concem basls of accountlno unless the trustees elther intend to liquidate the charitable rnPany or tt) cease operatlons, or have no aliStiC alternatlve but to do so. Auditor's respunsiblllties for th• audit of the financial $tatements We have been appointed as auditor under settion 144 of the Charities Art 2011 and report in accordance wlth the Art and relevant regulatlon5 made or having effert thereunder. Our objectlves are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and tts issue an auditorfs report that includes our opinion. Reasonable aran is a high level of assurance but is not a guarantee that an audlt conducted in accordance with ISAS (UK) will alway5 detect a material mlsstatement when it exlsts. Mlsstatemènt5 can arlse frurrh fraud or error and are cor)5idered matsrial if, individually or in the aggregatÈ, they could rea5Dnably be eJ¢pected to influence the economic deci5ion5 of user5 taken on the basis of these flnanclal staternents. Irregularities, includin9 fraud, are instsn5 of non-compliantr with laws and regu14tions. We deslgn procedures in line with our responsibilities, ouuined above, to detect materfial misstatements in respect of irregularities, induding fraud. Thè extent to which our proureS are capablè of detecting Irregularities, includir)g frnud, is deiailed below. Our approach to identifying and assessing the rfsks of fflatertal misstatement In respect OF irregularitles, including fraud and non-compliance with laws and regulation5, was as follows= the engagement partner en$Ud that the engagement team collectivety had the approprlate competen, capabllities and skills to identlfy or recognise non-complian wlth appllcable laws and regulatlons; we identlfted the laws and regulations applicable to the company through discussions with trustee5 and other management, and from our PvIouS knowledge and experience of the client and businesses in similar sectors,. we assessed the extent of compliance wrth the laws and gUlationS identified through making enquiries of management and Inspecting any available legal correspDndence,' and the audit team were in regular commurhication in relation to laws and regulatlons and potentlal instances of non-compliance throughout the audit. We assessed the susceptibility of the charitable company's financlal statements to material misstatement, including obtalning arh understanding of how fraud might occur, by.. making enqulries of management a5 to where thèy considered there was SupIlb11ltY to fraud, their knowledge of actual, suspected and alleged fraud. and consldering the iriternal controls in place to mitigate risks of fraud and non-compliance with laws and regulation5. li
Bowdon Preparatory School Independent audltor's report (continued) To the trustees of Bowdon Preparatory School The extent to whlch our prdureS are capable of detectlng IgularItIeS. includlng fvaud, 15 detalled below. To address the risk of fraud through managèment bias and overrtde of contrpls, we.. performed analytical prOdre5 to Identlfy any unusual or unexpected latIonShips. tested journal entries to identify unusual transattions- assessed whether judgements and assumptions made in detemiining the accountlng estimate5 were indicative of potential bias Investlgated the rationale behind significant or unusual transattions. and pèrformed walkthrough tests on major transaction cycle5. In response to the risk of IegUlatieS arbd n0n-compl1an with law5 and regulations, we deslgned prOdre$ which included, but were not Ilmlted to.. agreeing financial statement dlsclosures to undÈrlytng supportlng documentation,. enquiring of management as to actual and potential litigatlon and claims; reviewing legal and professional expenses for potential ongDiNJ litigation work. and revlewlng correspondence with HMRC and other professional advisors. There aff inhernt limitations in our audit procedures described above. The more removed that laws and regulations are from financial trdnsaction5, the less likely It is thht we would become aware of non- complian. Auditing standards also Ilmit the audit procedure5 required to Identify nor)-compl1an wlth laws and regulatlons to enqulry of the trustees and other management and the inspectlon of regulatory and legal correspondence. If any. Material misstatemÈnts that arise due to fraud can be harder to detect than those that arfse fmm Èrrtsr as they may Involve deliberate concealtnent or colluslon. A further description of our responslb1l1es Is avallable on the Finandal Reporting Countil's webslte at.. httP5.'//www.frc.org.uklauditor5responsibilities. Thls description fomis part of our auditor's report. Use of our report Thls report Is made solely to the charity'5 trustees, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken 50 that we might State to the charity's trustees thosÈ matters we are required to state to them in on auditor's report and for no other purposè. To the fullest extent perniltted by law, we do not arcept or assume responsibility to anyone other than the charity and the tharfty's tnjstees as a body, for our audit work, for thig report, or for the opinlons we have formed. DfjH Melanie Bailey (Stnior Statutory Audltor} For and on behalf of DJH Audit Limited, Ststutory Auditor Brldge House Ashley Road Hale Altrincham WA14 2LJT Date.. 12
Bowdon Preparatory School Statement of financial activities Including income and expenditure account For the year ended 31 August 2025 Unrestrlcted funds 2025 Unrestrlcted funds 2024 Notes Xncomè from. Chantable activities Investments 3,2BO,677 50.729 3,606,764 40,766 Total Income 3,331,406 3,647,530 Expenditure on: Charitable actlvities 3.475,461 3.275,856 Total expenditurè 3,475,461 3,275,856 Net 5ncome/(expenditure) and movement in funds 1144,055) 371,674 Reconcillation of funds: Fund balances at I September 2024 2,961,539 2,589,865 Fund balancÈs at 31 August 2025 2.817.484 2.96L.539 The statement of ftnancial artivities includes all gain5 and losses recognised in the year. All income and expenditure derlve from continuin9 athvities. 13-
Bowdon Preparatory School Balance sheet As at 31 August 2025 2025 2024 A5 Restaied (Sea Note 131 Fixed assÈts Tangible assets li 1.942,505 1,881,122 Currant assets Debtors Investments Cash at bank and In hand Iz 974,036 749,184 loo,000 2.029.070 13 1,283,492 2.257.528 2,878,254 Crédltors: amounts falllDg due wlthln on¢ year 14 11,382,549) (1,787,577) Net currant assets 874.979 1,090,677 Total assets less ¢urren¢ Ilabilities 2.817.484 2,971,799 Creditors: amounts falling due after morè than on• year 15 110.2601 Net assets 2.817.484 2,96L,539 The funds of the charity Unrestrlcteé fvnds 19 2.817.484 2,961,539 2,817,484 2,961.539 These financlal statements have been prepared in accordance with the provision5 Applicable to companle5 subject to the small companies regime. The financlal statements were opprgved by the the trustees on . behalf by.. ..i.V.31.2.1.... and are Signed on their M5 E Hussaln Chair of Trustee5 14-
Bowdon Preparatory School statement of cash flows For the year ended 31 August 2025 2025 2024 As Restated (Se• Note Z31 Cash flows from operating activities Cash (absorbed by)/generated from operations 22 16B2.9BI) 1,115,409 Investing activitleg Purchase of tsngible fixed assets Proceed5 from dlsp05al of investments Investrnent income received {203.0661 I(1.0 50,729 1102,865) 300,000 4D,766 Net cash (used in)19eneTOted from invesling activities (52,337) 237,901 Flnancing activitie5 Paymènt of flnantr leases obligatlons (10,260) {10.2601 Net cash used in financlng Jctlvlties 110,2601 (10,260) Net {decreas¢)/ln¢rease in cash and cash equlvalents 1745,5781 1.343,050 Cash and cash equlvalents at beginning of year 2.029.D70 6B6,020 Cash and cash equlvalents at end of year 1,283,492 2,029,070 15-
Bowdon Preparatory School Notes to the flnancial statements For the year ended 31 August 2025 Accountlng policies Charity inforniation Bowdon Preparatory School is a private company limited by guarantee incorporated In England and Wales. The reglstered office is Bowdon PrepaTrtory Sthool. Ashley Road, Altrincham, Cheshirt, WA14 2LT. l. l Ba$És of preparation The finantial statements have been prepared in accordance with the charity's governlng document, the Companles Art 20D6, FRS IC)2 -The Financial Reporting Standard applicable In the UK and Republlc of Ireland" (°FRS 102-) and the Charitses SORP °Accounting and Reportlng by Charities.. ststement of RÈtommended Pract applicable to charitles prèparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK anc5 Republic of Ireland IFRS 102). (effective l January 2019). Thè charity Is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterfing. which is the fvnttional currer)cy of the charity. Monetary amounts In these financlal statements are rounded to the nearest E. 1.2 Golng concern The financlal statements have been prepared on a going concem basis. The charitable company reported a deficrt of £144,055 for the year ended 31 August 2025 and forecasts a further deficit In the year ending 31 August 2026. Management has prepared cash flow forecasts and budgets covering a period of at least t%yelve months from the date of approval gf th25e rinanclal statements, which indicate that the charitable company will have sufficient resources to meet Its obllgation5 as they fall due. The fOtaSt$ incorpornte 4ttions belng taken to Improve ftnanclal performance, includlng pupal number growth and cost cor)trol measures includSng gtafflng efficienciÉs where posslble. A5 Stated In thè tnjstees report, the school v•ill be joining the tharitable Repton Family of Schools on I September 2D26 wlth Repton becoming a wntrolling party. The school will continue operatlng as a charitable company and Its charitable objectives and activities will remain unchanged. The trustees consider that membership Df a larger group provides increased operational and financial support, while allowing the charitable company to conttnue its existing charitable status and misslon. Accordrngly, the trustees continue to adopt thÈ golng cOnrn basi5 of accounting In preparing the financial statements. 1.3 Charltable funds Unrestricted fund5 are available for use at the discretlon of the trustees in furtherance of thelr charitable oblectlves. 1.4 Income Income is recognlsed when the charity Is legally entitled to it after any performance conditions have been met, the amounts can be measured reliabjy. and it is probable ihat income will be received. Fees receivable are accounted for In the pertod in which the service is provided, and as such, con5Ist of charges for the school year ending 31 August 2025. Other ftxed assets and net current liabilitles from Culcheth Hall School We previously introduced as donation5 at market value. 16
Bowdon Preparatory School Notes to the financial statements (continued) For the year ended 31 August 2025 Accountlng policies (Continued) 1.5 Expenditure Expenditure is recogrbised oncÈ there is a legal or constrnctive obllgation to transfer economlc benefit to a third party, it is probablè that a transfer of economic beneh'ts will be required in Settlement, and the amount of the obligation can be measured reliably. Expendlture is classified by artsvity- The costs of each activlty are made up of the total of direct costs and sharèd costs, including support costs Invofved In undertaklng each attivity. Direct costs attributable to a single activity are allocated dirèctly to that activity. Shared costs which contrlbute to more than one activity and SUPPDrt Costs which are not attributable to a slngle actlvity are apportloned between those artivities on a basis consistent wlth the use of reSoUrs. Central staff costs are allocated on the basi5 of time spent, and depdation ctharges are allocated on the portlon gf the asset's use. Resources expended are accounted for on an accruals basls. The Irretoverablè Èlement of VAT Is included with the Item of expense to which it relates. Expenditure is allocated to expense headlngs either on a dirert tost basis, or apporbonment according to time spent. Costs of charitable acVItIeS indude expenditure associated with the running of the s¢hool and irhclude both direct and support costs. Supplles of ge5 equipment. books. 5tabonery and sundry materlals are written off when the expendlture Ks incurred. Governante costs represent the costs of audit, accountlng, legal and professional fee5 incwrred durlng the incorporatlon and Maintenan of the charity. 1.6 Tangible fixed assets Tangible fixed assets are initialty measured at cost And Subsequently measured at cost or valuatlon, net of depreciation and any impaiment105se5. Deprecladon Is COgnised so as to write off the cost or valuation of assets less their residual values over thelr useful lives on the following bases.. Land and bulldlngs Other assets Plant and machinery Schc*ol equipment Office equipment 2% on a straight line basis 15% - 25% ofwMtten down value 2SQ/ts of written down value 25% of written down volue 25% of written down value The galn or loss arislng on the disposal of an asset Is detemiined as the dIffenCe between the sale proceeds and the carying value of the asset, and is reco9nised in the statement of flnanclal activities, 1.7 Impalrment of fixed assets At each reporting end date, the charity reviews the carylng amounts of Its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exlsts, the recoverable amount of the asset Is estimated in order to determine the extent of the Impalrment loss (if any). L.8 Cash and cash equivalents Cash and cash equlvalents Include cash in hand, deposits held at call with banks, other short-term liquid investments with ongirbal maturities of three months or less. and bank overdrafts. Bank overdrafts a shown within bormwings in current liabilities. 17-
Bowdon Preparatory School Notss to the financial statements (continued) For the year ended 31 August 2025 Accounting policies (Continued) 1.9 FSnanclal Instruments The charity has elected to apply the provisions of Secbon 11 'Basic Financlal Instrument5. and Section 12 '0ther Financial Instrumerbts Issues, of FRS 102 to all of its financial instruments. Flnancial Instruments are recognised in the charity's balance sheet when the charity becomès party to the contractual provlslons of the instrument. Flnancial assets and Ilabilities are offset, wfith the net amounts presented In the flnancial statement5, when there is a legally enforable right to Set off the recogn15ed amounts and there is an Intention to settle on a net basis or to alise the a55et and settle the Ilability simultaneously. Basic financlal assets Basic financial assets, which include debtors and cash and bank balanTrs, are initially measured at n5actiorh price Includlng transaction u)sts and a subsequerbtly carried at amortised cost using the effective Intsregt method unless the arrangement constitutes a financlng transactlon, whÈre the transaction is measured at the pent value of the future ts1p1s discounted at a market rate of interest. Flnanclal assets cla55ified as receivable within one year are not amortised. Inaneial Ilabllities Basic flnanoal liabilitie5, Including (xeditor5 and bank loans are inltially recDgn15ed at transactlon pri unless the arrangement constitute5 a financing transaction, wheo the debt instrument is measured at the prèsent value of the fvture payments discounted at a market rate of intest. Financlal Ilabilities dassified as payable within one year are not amortised. Oebt instnjments are subsequerhtly carried at amortlsed cost, using the effective Intertst rate method. Trade creditors are obligatlons to pay for goods or servitrs that have been acquired in the ordlnary course of Dperations from suppliers. Amounts payable are dassified as current liabilities If payment is due within one year Dr less. If not, they a presented as nOnrrent liabiltties. Trade creditors are recognised initially at transactlon Pri and sub5equenUy me45ured at atnortised cost using the effedive InteSt method. Derecognitffgft of flnancial liabilities Flnancial liabilities a derecognised when the charlty's contractual obligations explre or are dlscharged or cancelled. 1.10 Employee benefits The cost Df any unused holiday entitlement is recognised in the period in which the employee'5 servicÈs are recelved. Termlnatlon benefits are recognTsed lrnmedlately as an expertse whèn the charlty Ss demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. There is also a group contributory stheme for ngn-teachlng staff, with the contrlbutlon rates set by the school. The pension costs charged in the accounts represents the amount of contributions payable to the schemes in respett of the accounting period. 18-
Bowdon Preparatory School Notes to the financial statements (continued) For the year ended 31 August 2025 Accounting policies (Contlnued) 1.12 Leases Leases aty classlfied a5 finance leases whenever the tem)s of the lease transfer substsntlally all the risks and rewards of ownershlp to the lessee5. All other leases are da5sified as operatlng leases. Assets held under finance leases are COgnised as asset5 at the lower of the 455ets fair value at th@ date of intrption and the present value of the minimum lease payments. The related IlabS11ty is Induded in the balancè sheet as a finan lease obligation. Lease payments are treated 05 consisting of capital and interest elements. Thc Inte5t is charged to net incomellexpenditure) for the year so as to produce a constant periodic rate of interest on the MainIng balan of the liabillty. Crltital accounting estimates and judgements In the application of the charity's accounting poli(ies, the trustees are requlred to make judgement5, estimates and assumptions about the carying amount of assets and liabilities that are not readlly apparent from other sources. The estimates and associated a55umptions are based on historical experience and other factors that are considered to be relevant. Attual results may differ from these estimates. The estimates and underlyin9 as5UmPtions are VieWed on an ongoing ba515. Revislons to accounting estimates a COgnised In the period in which the estlmate Is rèvised where the revision affects only that peripd, o)r in the period of the revision and future periods where the revision affects both current and future periods. Managemènt has determined that the are r)0 judgements or key Sources Of estimatlon untrrtainty that are expected to have signlficant risk of resulting in a material adjustments to thè carrylng arnount5 of assets and liabilities within the next flnanual year. Charitsble activitles hotbl fees Income Yrom Incorn¢ mm re¢eiv41¢1 extra lunche5 cuv¢1r acyvittes Totsi 202S 2025 2D25 3025 Sales within charitable activities 2.716.838 371,257 192,582 3.280.677 School fees ItKom8 fr¢)m IrKome from Èxtr lun¢ho Lwrrlcular activittes Tolal 2014 2024 2024 20Z4 Sale5 wlthin charltable attivlties 3.074.432 318.830 213.502 3,606,764 19-
Bowdon Preparatory School
Notes to the financial statements (continued) For the year ended 31 August 2025
4 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Interest receivable | 50,729 | 40,766 |
5 Expenditure on charitable activities
| Direct costs Staff costs Depreciation Establishment costs Teaching costs Catering consumables Cleaning Admin - sundry costs Governance costs Analysis by fund Unrestricted funds |
Teaching costs 2025 £ 1,994,936 10,895 93,200 225,755 - - - - 2,324,786 2,324,786 |
Welfare costs 2025 £ 87,862 - - 8,800 94,940 - - - 191,602 191,602 |
Premises costs 2025 £ 103,511 120,721 92,874 - - 78,785 - - 395,891 395,891 |
Support costs Governance costs 2025 2025 £ £ 308,554 - 10,066 - 36,384 - - - - - - - 137,836 - - 70,342 492,840 70,342 492,840 70,342 |
Total 2025 £ 2,494,863 141,682 222,458 234,555 94,940 78,785 137,836 70,342 |
Total 2024 £ 2,275,778 151,945 268,140 208,879 106,285 86,891 99,169 78,769 |
|---|---|---|---|---|---|---|
| 3,475,461 | 3,275,856 | |||||
| 3,475,461 | 3,275,856 |
- 20 -
Bowdon Preparatory School Notes to the financial statements (continued) For the year ended 31 August 2025 Support costs Support Governance ¢o$ts costs 2025 2024 Basis of allocation Audit fees Accountancy Legal and professional 7.570 5.524 57.248 7,570 5,524 57.248 8,L42 Governance 4,198 Governan 66.429 Governan 70,342 70.342 78,769 Net mov¢rnent ift fund$ 2025 2024 The net movement in funds Is statefj after chargingl(credltlng)'. Fees payable for the audlt of the charfty's financial statements Depredation of owned tsngible fixed assets Depreaatfion of tanglble flxed a55ets held under fIrban leases 7,570 135,752 5,931 8,142 136,517 15,428 Tru5toes None of the trustee5 (or any peorS connected with them) r1Ved any remuneration, One trustee recelved reimbursed travel expenses of £85. Employees The averagÈ monthly number of employees duthng the year was.. 2025 Number 2024 Numb•r Number of full-tlme tEaching staff Number of part-time teachlng staff Number of full-time teaching sUPPgrt staff Number of part-time teaching support staff Number of full-time pupil support Staff Number of part-tlme pupil 5UPPOrt staff Number of full-time administration staff Number of part-time administration staff Number of fLEII-tÈrne welfare staff Number of p4rt-time welfare staff Number of full-timÈ premises stsff Number of part-time premises staff 18 16 18 17 io 12 li Total 79 Bl 21-
Bowdon Preparatory School Notes to the financial statements (continued) For the year ended 31 August 2025 Employ••s (Continued) Employment costs 2025 2024 Wages and salarles Social securlty costs other pension costs 1.945.351 184,282 365,230 1,801,977 160,201 313,600 2,494,863 2,275,778 Included in the employment Costs are dUndanCY and ternilnation payments totalling £143,390 hlch were made In the year. This induded a tutal of 7 Indlvidual payments for contrartual pay totalling E60,390 and I non- contractual pay of E83.000. All the contractual payments made were less than £25,000 for each employee. The number of employees whose annual remuneratlon was more than £60,000 15 hs follows,. 2025 Number 2024 Number £60,ODI E70,000 £70,001 - É80,000 Remuneratlon of key mana9ement personnel The key management personnel of the charity ¢x)mpri5e the members of the Executive Lèadershlp Team. The total amount of employee benefit5 received by key management peOnnel for thelr servlces to the tharity was É530,563 {2024'. £378,669). 10 Taxation The charity 15 exempt frum tox on income and galns falling within section 505 of the Taxes Act 1988 or sectlon 252 of the Taxation of Chargeable Galns Act 1992 to the extent that these a applied to its charltable objects. 22
Bowdon Preparatory School Notes to the financial statements (continued) For the year ended 31 August 2025 11 TJnglble fixed assets Land and Other a55Bts bLtlldirws Pjant and machlnery S¢rwJol oquiprnent Total eoulpment Cost At I September 2024 Addltlons i.800,0 835.131 122,002 147,080 22.34S 115.670 15,383 7L,954 43,336 2,969,835 203,066 At 31 August 2025 I,800.0 957,133 169.425 131,053 115.290 3,172.901 Depreciation and impaim)ent At I September 2024 Depreclation thfirged in the year 351.000 560.968 57,280 80.324 39,141 1,088,713 27,0 67.363 26,35B LO,896 ID.066 14L,6B3 At 31 August 2025 378,000 628.331 83.638 91,220 49,207 1,230,396 Carrying amount At 31 August 2Q25 1.422,(K)O 328,802 85,787 39,833 66.083 1,942.505 At 31 August 2024 1,449,000 274.163 89.800 35.346 32,813 L,881,122 The net carrying value of tsngible fixed 3ssets includes the following in respect Of assets held under finance 1è35e5 or hi purchase contracts. The depreciation charge in respect of such assets ampunted to £5,931 (2024.. £15,428). 2025 2024 Office equlpment 17,795 23,726 12 Debtors 2025 2024 Amounts falllny due within one yoar: Trade debtor5 PpaYments and accrued income 901.734 72.302 688,628 60,556 974.036 749,164 13 Current asset Invèstments 2025 2024 Unlisted Investments ioo,(K>o 23-
Bowdon Preparatory School Notes to the financial statements (continued) For the year ended 31 August 2025 (Contlnuod) 13 Current asset invÈ$tmènts There has been a reclassification within the prior year comparatives to correctly reflect fixed term saving accounts (2024.. £100.000) within Short tern) investments as opposed to Cash at bank. This does not affect the pVIouS year's profit or balan sheet value. 14 Creditors: amounts falling due within one year 2D25 2024 Note$ Obligatlons under finance leases other taxation and sooal security Deferred inco¥ne Trade crèditors other credltors Accwals 16 10.260 152,525 802.689 158.738 241,157 L7,180 10,260 40,629 L,423,754 33,761 250,954 28,219 17 1,382.549 1,787,577 The has been a redassificatlon wlthin the prior year cgmparatlves to cOrttlY reflect School Fee Deposits 12D24: E214,975) within Other Creditors as opposed to Accruals. This does not affect the previous yearfs pmfit or balanTr sheet value. 15 Creditors: amounts falling due after more than one year 2025 2024 Mote5 Obllgations under flnan leases 16 10,260 16 Finance lease obligatlons Future minlmum lease payments due under finance leases: 2025 2024 Within gne year Within two and five years 10,260 10,260 10,26D 10,260 20,520 Finance lease paymentg represent rentals payable by the company for an item of office equlpment. Lease5 include purchase options at the end of the lease period, and no restrictions are placed on the use of the asgèts. The lease is on a fixed repayment basls and no arrangements have been entered into for contingent rental payments. 24-
Bowdon Preparatory School Notes to the financial statements (continued) For the year ended 31 August 2025 17 Deferred Income 2025 2D24 Arlslng from School fees paid In advan 8D2,689 1.423,754 Dèferred Income Is included In the financial statements as follows.. 2025 2024 Deferred incoffle is induded within: Current Ilabilitie5 802,689 1,423,754 Movements in the year.. Deferrecl Int¢me at I September 2024 Released from prevlous periods Resource5 deferred in the year 1.423,754 L,083.696 11,423.7541 11,083,696) 802,689 1.423.754 Deferred income at 31 August 2025 802,689 1,423,754 IB Retirement bènefit schemes 2025 2024 Deflned contribution $¢hÈmes Charge to profit or105s in resped of defined controbution schemes 365,230 313,600 The company operates a defined contributlon retirement benefit stheme for all qualifylng ernployees. The assets of the scheme are held separately from those of the company, The company contributes a specifièd percentage of payroll costs to the reb"rement benefrt scheme to fund the benefits. The only obligation of the company with respect to the scheme 15 to make the specifled contributions. The employer's contributions payable for the year, for all schemes, were £365,230 12024.. £313,SOO) and the amount outstanding at the year end was £65,057 (2024: E27.1291. 19 Unr¢strlcted funds The unStrtcted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donor5 and gRntor5 as to how they may be used. These include deslgnated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Ati Incomlng Resources At 31 August expènded 2025 2024 General funds 2.961,539 3,331,406 13,475.4611 2,817.484 25-
Bowdon Preparatory School Notes to the flnanclal statements (continued) For the year ended 31 August 2025 19 Unrestrictèd funds (Continued) Prevlous year: Ati septernr 2023 Incomin9 rnsour¢e$ R8s0ur¢e$ At 31 August pended 2024 General fund5 2.589,865 3,647,530 13,275,856) 2.961.539 20 Event$ after the r•portlng date On 13 March 2026, the school announced that it would be joining the charitable Repton Famlly of Schools on I September 2026 with Repton becomir)g the controlling party. The school will continue to operate as a charit4ble company. The tmstees have considered the impatt of this event In pparIng the flnancial staternents Including their assessment of the charftable company's ability to continue operatlng as a going concern. Accordingly. they have treated it as a non-adjusting event in accordan wlth FRS 102. 21 Related party transactlons There We no dlsclosable related party transactions during the year (2024 - norbe). 22 Cash (absorbed by)/generated from operatlons 2025 2024 (Defiutllsurplus for the year {IM,0551 371,674 AdJustm•nts for: Investment income recognlsed in statement of financial a¢tivities DepreciatiE)n and Impalrment of tangible fixed assets 150,7291 141.683 (40,766) 151,944 Movements In working rapital: {Increage}Idecrease in debtors Increase/(decrease) in credltor5 IDecreasel/lncrea5e in deferred income 1224,852) 216,037 1621.065) 323,41D 130,911) 340,058 Cash (absorbed by)IgenÈrnted from ¢peratloDS 1682,9SII L,L15,409 26-
Bowdon Preparatory School Notes to the financial statements (contlnued) For the year ended 31 August 2025 23 Anatysls of changes In n¢t fund$ At I Spptember 2024 Cashflow5 At31 August 2015 Cash at bank atbd in hand 2,029,070 1745,578) 1,283,492 Obligatlons under finance lease5 120,520) 10,260 110.2601 2,008,550 1735,3181 1.273.232 There has been a reclassificatiorb withln thè prior year comparatives to correctly reflect fixed term saving accounts12024.' £100,000) within Short tem) investments as opposed to Cash at bank. Cash flows from disposal of similar investments have been presented in investing actrvities and cash and cash equivalents have been restated from £2. 129,070 to £2,029.07D reflecting the reclassificatipn of the year end short term investments balance from cash and cash equivalents. 27-