’ St Benedict S School, ealing a m i n i m i s i n c i p e ## **ANNUAL REPORT & FINANCIAL STATEMENTS For the year ended 31st August 2024** Company Number 08093330 St Benedict's School Ealing ST BENEDICT'S SCHOOL EALING ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31" August 2024 CONTENTS Page Headmaster's Report Governors, Report 4-12 Statement of Financial Artivities 13 Balance Sheet 14 Statement of Cash Flows 15-16 Notes to the Financial Statements 17-30 Governing Body 31 Advisors 32 Independent Auditorfs Report 33-35 St Benedict's School Ealing HEADMASTER'S REPORT For the year ended 31" August 2024 The St BenedicV5 family of schools include5 St BenedicV5 Senior School and St Benedict'5 Junior School in Ealing and St Bernard's Preparatory School in Slough. St Benedirfs SeniorS¢hool Exumlnatlon results A Level and GCSE results this year at the Senior School were outstanding. This summerfs A level candidates achieved excellent results, with 50.5% % of all A Level papers scoring A*/A and 83.9% scoring A*.8. At GCSE, 64.9% of exams were awarded the top grade5 9-7. Unlversltyenty 91% of St Benedict's 5tudent5 Secured places at a Russell Group or Top 10 university includin8 17 to UCL. Kings College London, or Imperial. More than two thirds have a place at their first-choice university, with more than 90% achieving a preferred choice. One student gained a place on a highly competitive degree apprenticeship with Atkins and one is about to commence at the University of California, San Diego, majoring in Economics. Act7demic opportunitie5 ond5ucce55e5 The academic curriculum at the Senior School is designed to promote a love of learnin8, and to encourage intellectual curiositv. The Helikon Centre for Academic Challenge continued to inspire pupils. with talks and workshop5 by 5tudent5. teachers and by invited guest speakers. A visiting Philosopher runs workshops once a term and the Thinkin8 Forum, encourages students to express their views concisely and convincingly on a variety of issues. Many pupils took the Higher aThd Extended Project Qualrfications and also completed MOOC5 IMas5ive Open Online Coursesl in a wide range of Subjects. The annual Science Fair also took place with local primary school children invited. Pupils have Eained awards in national competitions inclLJding.' the National Chemistry Olympiad gaining 5 Silver medals, the Bebras Computin8 Challenge gaining 47 gold award winners, which places St Benedicvs students in the top IO% nationally, 5 Distinctions in the Perse Coding Challenge, one pupil won sixth place in The Intermediate Oxford University Computing Challenge 2024, one pupil was Highly Commended for her essay for the Minds UndergrounLI Competition. a pupil was short listed for the History Category of the John Locke Institute 2023 Global Essay Prize, an U6 student was a runner up in the UCL Classics Essay competition. Our overseas sthool trips thls year included: crlcket tour to Sri Lanka, the HCPT Pllgrimage to Lourdes for L6 students, a skl trip to Marmot Basin, Canada, the German exchange, a Classics trip to the Italy, 3 music tour to Spain, a History 2nd Geography trip to South Korea, and a Geography tripto the Iceland. There have also been many trips within the UK. Careers Careers events this year included evenings on degree apprenticeship opportunities, studying abroad and a university information evening with contributions from recent leavers beamed in live via Teams from their student flats. There have been Careers Breakfa5tS Wlth employer5 such a5 Ocado highlighting State of the art'picking, robots and the range of graduates they seek to recruit. There have been tours of Oxford, Cambridge and London universities- often guided by OPS who are current university students. After their GCSE exams, students in U5th embarked on 2 range of work experience placements. F3 and L4 had Unifrog sessions in PHSE using a Myers Briggs-based analysis- and other tools- to start thinking about preferences and skills, and how these can influerice future pathway5 as much as academic success. Opportunitiesfvrpetsonoldevelopment Jndgrowth SPORT In Fencin& the Senior team won the London Quadran8ular tournament, and an U6 student won the Sabre London Under 18 Champiornship5. St Benedict's School Ealing In Hockey, our 1st Xl were London County champions, aswell as London Regional champions and finished 6th in the T3 National Hockey finals. In Netball, the 1st Vll finished second In the Cup at the Lord Wandsworth College Under 18 Netball Tournament. In Rugby, the 1st Vll won Middlesex CoLJnty Under 18 Sevens Shield, with an U6 student selected for the London South Central Academy Under 18 in the Gallagher Premiership Academy League. In Athletics the Cros5-country team won the overall category at the Ealing Borough Championships for the second year running. The Intermediate Boys broke the 4xlOOm Achilles Relay championship record set in 1988 and the U15 school record set in 1981. The Senior Girls made the 4xlQM)m Achilles Relay fin81 for the very first time. Individual success too for one pupil with a bronze medal in the U17 loom representing England in the Games National Final5. THE ARTS Musical highlights included.. St Cecilia Concert, the Carol Service, the annual Music festival (adjudicated by the BAFTA-winnin8 George Fenton), and a hugely successful Jazz Evening in the Benet Bar. Outside of school. a number of students were involved in local and national organisations such as the National Youth Choir of Great Britain. Ealing Youth Orchestra and National Youth Music Theatre. In Orarna. we enjoyed a dramatic perfomiance of A Doll's House and a gloriou5 whole senior school production of the classic musical Oliver. We a150 had a variety of LAMDA exam5 take place from form 2 - L6, and captivating performances frorn our GCSE and A-level Drama students. THE CCF Our Combined Cadet Force continues to be one of the bu5ie5t and best in London District. conducting around fifty day5 of training and exercises throughout the year. The Contingent now rLJns the Ealing 8orough Remembrance Sunday parade, and the Corps of Drums is in great demand for public and school events. We have added parachuting to our portfolio of activities, and the partnership with Cardinal Wiseman continues to flourish. THE DUKE OF EDINBURGH'S AWARDSCHEME The Duke of Edinburgh's Award scheme continues to go from strength to strength here. 124 pupils across the school completed either their Gold. Silver or Bronze award5, Wlth 18 students receiving their Gold awards at Buckingham Palace from HRH The Duke of Edinburgh. Outreoch und Benedlrtlne volues The school came together to Celebrate St Benedict's Day on Thursday 21 March. Pupils focused on the strength of our community and Benedictine ethos. The Mass brought the whole school together providing all a moment for collective reflection and a clearer understandiThg of the virtue of charity. This year, our charitable endeavours were directed towards three worthy causes the Foundation of Goodne55, a5S15ting rural communitie5 in Sri Lanka. The Felix Project. helping to feed lo¢al Communities In London and The Friends of the Holy Land, a charity supporting familles In the West Bank, Gaza, Israel and Jordan. St BenedlcVsJunlorSchool& Nursery Throughout the 2023-2024 academic year, students participated in a wide range of stimulating academic and co-curricular activities, enriched by specialist teaching in Art, PE, ICT, Spanish, Music, and Science. Team-building exercises helped older Students enhance their leadership and teamwork skills, while events like the Art Exhibition, Book Week, and Reading Days promoted the joy of literature. After School Hobbies attracted strong participation, offering diverse activities such as Aviation, Chess, Drama, and Science club5. Pupi15 cornpeted in the Delancey UK Che55 Challenge and the School Challenge Quest, which allowed them to develop research and presentation skills on topics outside the creative curriculum. The school's musical and 5POrting life wa5 vibrant. with concerts. music festivals. and a variety of 5POrt5 fixtures and tournaments in athletics, cricket, fencing, netball, rugby, and more. Summer Sports Day and the popular dance show featuring both Junior and Senior School stLJdents, were well received by the school commLJnity. St Benedict's School Ealing StLJdents enjoyed a variety of academic and co-curricular activities in 2023-2024, supported by specialist teachers in subjerts like Art, PE, ICT, Spanish, Music, and Science. Team-building events strengthened leadership and teamwork among older Students. Highlights irncluded an Art Exhibition. Book Week. Reading Days. and well-attended After School Hobbie5 such as Chess, Drama, and Science clubs. The school's spiritual lrfe remained strong with regular Masses and special services at Ealing Abbey. School trTp5, both day and restdential, provided enrTchTng experiences, With Forrn 2 students excelling in 'Mary Poppins" performances. The school's'Certificate5 and Award5' a55ernblies celebrated achievements, and charity event5 raised funds for several causes, includin£ The Felix Project and the Anti-Bullyin£ Alliance. St 8ernurd's Preporotoryschool Throughout the academic year 2023- 2024 St Bernard's Preparatory School continued to excel in many different areas across both the academic and pastoral curriculum. The children have enjoyed success across all key sta8es. The Early Years Dept Continued with Little St B's la toddler group for the local cOmm￿nIty} allowirng the Early Years Dept to showcase their extellent equipment, resources, and activities. The Early Years staff continued to deliver an exciting and invigorating curriculum. The Lower School staff also ensured Years 1, 2 and 3 experiericed an array of activities and opportunitles Ilnked to thelr classroom learning. Our Year 6 children went on their annual trip to France. The whole school went to Theatre Royal Windsor to see a pantomime. There was also much success in the UKMT Junior Maths Challenge, Primary Maths Challenge, SATIPS Handwriting competition and excellent K52 SATS results. We have also increased the number of after school club activities and are now offering 23 induding LAMDA & Junior Dukes. In addition there were whole school achievements. Sports Day, held at Thames Valley Athletic Centre, albwed the children to be recognised both individually for their sporting achievement5, a5 well as collectivety within their Houses. Headmaster St Benedict's School Ealing GOVERNORS, REPORT For the year ended 31" August 2024 The members of the St Benedict'5 School Ealing Board of Governors present their Annual Report forthe year ended 31 August 2024 under the Charities Act 2011 and the statement of Recommended Practice "Accounting and Reporting by Charities" SORP 2015 IFRS 1021, second edition effertive January 2019, inclLJding the Directors, and Strategic Reports, under the Companies Act 2CKJ6, together with the audited financial statements for the year. Govemance Structure and Management Strurture The charitlsobjects, asset out in the Articlesof Assoclation, are to advance Roman Catholiceducatlon, and the Roman Catholic faith in particular, by running one or more independent schoo15 in the charism of St Benedict and by aThcillary religiou5 and educational activities for the benefit of the comrnunity at large. The three schools, St Benedicvs Junior School and Senior School in Ealing, and St Bernard's Preparatory school in Slough provide education to boys and girls from the age5 of 3 to 18. The School admits boys and girls who are Roman Catholics as well as other Christian denorninations and other faith5 and none. Pupil numbers averaged 1.331 of which 786 were in Senior School and 320 junior School, and 225 were in the Prep school. All the School's artivities are carried out through one legal body, St Benedicvs School Ealing, which is a charitable company limited by guarantee. The School is governed in accordance with its Memorandum and Article5 of Association. last amended on 6 December 2018. The Directors, who are known as Governors, are required underthe Articles to serve as members of the Company. As required by the Articles, one of the Governors is the Abbot of Ealing Abbey and one other is appointed by the Abbot. At least 75% of the Governor5 are required to be Roman Catholic. One third of the Governors (excluding the Abbot and his appointee) retire at each AGM and are eligible for re-election for consecutive periods not exceeding in aggregate twelve years from the date of their original appointment. There are 13 serving governors at 31, August 2024. At appointment, new Governors are inducted into the workings of the School, including policies and procedures, by the Clerk to the Governors. Written information is provided by way of a Governor Handbook and Guidelines for Governors, drawn up by AGBIS (the Assts¢iation of Governing Bodies of Independent S¢hoolsl. Training Courses are arianged with AG815. Training is also Eiven in safeEuardinE and child protection. Re£ular training sessions are provided to keep Governors updated, a skills audit is carried out regularly and strategy days are held. The Governors are legally responslble for the overall management and control of St Benedltvs School. They meet at least three times per year. The work of implementing most of their policies is carried out by a series of sub Committees. These are as follows.. Safeguarding st Bernard's Prep Education Scholarship5 and Bursaries Finance & fjeneral Purp05e5 Health and Safety Nominations lfjovernorsl Ethos Safeguarding, Education, Finance & General Purposes, Health and Safety and St Bernard's Prep Committees have their own terms of referern￿. meet at least termly in advance of the full Governing 8ody rneeting and report to the full Governing Bodv. Members of senior management attend these meetings. The other three ¢ommittees meet as required. Subsequent to the year end, a new committee was established to focus on Future Strate£y. St Benedict's School Ealing Joe Smith BA MEd is Chief Executive and Headmaster of St Benedict's. He is a governorof two HMC schools and an ISI inspector. Mr R Simmons BA PGCE MEd is Headmaster of the Junior School. He is responsible for day to day running of the Junior School. Ms A Verrna LLB NPQH is Head of the Preparatory School. She is responsible for the day to day running of the Preparatory School. Both Mr R Simmons and Ms A Verma report to the Headmaster (Chief Executivel. During the year, the Headmaster met regularly with the Chair of Governors, with the Bursar and with the Deputy Heads to facilitate the development and implementation of the strategy and other matters as required. Stuff and Volunteers Key management personnel include Headteachers, Bursar and Deputy Heads. Remuneration is dependent on experience and is set by benchmarking pay for similar positions in other school5. Governors Pla￿ considerable importan¢eon infom)ing all staff of financial and other matters that affect them, Consu￿Ing with them where appropriate. The Headmaster and the JLJnior School and Prep School Headteachers report any key points from Governors, meetings to staff through the School's fomial management structure. All other such matters are briefed to staff as they arise through regular staff meetings. Inclusion is a thread which runs through all the School's activities. In order to promote an environment within which the Sch¢)ol can call upon the widest possible range of knowledge, skill and experience, the School's policies facilitate the employment of disabled people and the provision. where appropriate. for training and career development. Were an employee to become disabled whilst in service, every effort would be made to retain them. Many parents help as volunteers, particularly through the work of the Society of Parents and Friends ISPFI at St Benedict's Junior and Senior School and through the work of Friend5 of the Preparatory School IFOPSI at st Bernard's. Old Priorian5. the former pupils of St Benedict's Senior School, also give their time to assist the School. The School is very grateful to all its supporters. Responsibilities The Governors are responsible for preparing the Governors, Report aJ)d the financial statements in accordance with applicable law and regulations. Company law requires the Governors to prepare financial statements for each financial year. Under that law the Governors have elected to prepare the financial statements in a¢¢ordance with United Kingdom Generally Accepted A¢countinE Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the Governors must not approve the financial 5tatement5 unle55 they are sat15fied that they give a true and fair view of the State of affairs of the School and of the profit or loss of the School for that period. In preparing these financial statements, the Governors are required to.. select 5Ultable accounting policies and then apply thern consistentlv,. observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent,. State whether applicable accounting standard have been followed Subject to any material departures disc105ed and explained in the financial statements,. prepare the financial Statements on the going concern basis unless it is inappropriate to presume that the School will continue in busines5. The Governors are responsible for keeping adequate accounting records that are sufficient to show and explain the School's transactions and disclose with reasonable accuracy at any time the financial position of the School and enable them to ensure that the financial statement5 comply with the Charitie5 Act 2011. Companie5 Act 2006 and the Ststement of Recommended PractiTr-Accounting and Reporting by Charities" SORP IFRS 1021. They are also responsible for safeguarding the assets of the School and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 50 far a5 each of the fjovemors 15 aware at the time the report 15 approved.. there is no relevant audit information of which the School'5 auditor5 are unaware.. and St Benedict's School Ealing the Governors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish thatthe auditors are aware of that informatitsn. Public Benefit The Governors have Complied with the duty in Section 17 of the Charities A¢t 2011 to have due regard to the Charity Commission's general guidance on public benefit. The School is committed to ensuring that it is meeting its main aim and its charitable objective. During 2023-24, it has done so in a range of ways, as set out below. St 8enedKt ssenior atr)dJunior School Bursuries undScholurships This year the value of bursaries and scholarships made to the School's amounted to £1,233,862.12023.. £1,109,244). Bursaries provided amoursted to £945,85412023.. £851,436), all were means tested and thisfigure includes temporary bursaries forthose in financial hardship. 5¢holarships provided amounted to £288,00812023.. £257,8091. The Governors. policy, in line with that of other Independent Schools, is to make these aw3rds on the basis of the individual's educational potent131. In addition, the School is providing fully funded places to 3 Ukrainian children. Supporting locul mointuinedschools The School'5 Senior Deputy Head (Pastorall, Luke Ramsden h35 been given 3 Special 'Raising Awareness About Pastoral Care, award by the National A550ciation for Pastoral Care in Education. He is one of the leading prartitioners in the Country. He 15 regularly invited to speak at safeguarding conferences on the subject of pastoral care and has also appeared in webinars, podcasts and roundtable events discussing this topic. Mr. Ram5den is alsochairof Tru5teesforThe Schools Consent Projectcharity. an advisoron safeguardingwithThe Diana Award and on the steering group for the International Task Force on Child Protection. In addition he 15 a Member of an advi50ry safeguarding panel at the Department for Education. The School is committed to working with local maintained schools to support them in their own educational aims. It does this in a variety of ways. but notable examples include our partnership with Cardinal Wiseman in Greenford whose pupils have been able to become members of the St Benedict's CCF since 2011. There are currently around 100 Cardinal Wiseman pupils who are Cadets in the St Benedict'5 CCF. The School a150 provide5 equipment loan5 and experienced staff to help newer CCFS train their adult staff and their Cadets. This Is in addition to the partnership with Cardinal Wiseman mentioned above. The Art Department provides trainin8 and resources to staff at St joseph's, Hanwell, helping them to develop their curriculum and raising the profile of art within their school. Since December 2019 practice interviews for aspiring medics have been opened up to pupils from St Augustine's Priory and Sacred Heart, Hammersrnith. The school's next Careers Fair will take place in March 2025. The last Careers Fairs in February 2020 and June 2022 were opened up to pupils from the Emmaus Partnership 1st. Augustine's, Cardinal Wiseman and Sacred Heartl. The intention is continue to make careers event5 open to other schoo15 a5 part of the Emmau5 partnership. Recordings of 'Career5 Breakfasts, have also been shared with Emmaus Partnershlp schools. St. Benedict's hosts the annual U18 Middlesex rugby sevens tournament as well as several county and regional hockey tournaments and a Junior School netball tournarnent. The Head of Netball is also honorary head coach of the U14 Team Ealing London Youth Games netball squad, with a Colleague as her assistant (this year's squad won Silver at the Copper Box Arena). One of the school's rugby coaches is a member of the Middlesex U16 coaching team. The Head of Athletics and two colleagues are members of the Middlesex coaching team. An annual Able and Enthusiastic sports morning is held at the games field for Year 5 pupils from local primary schools. and there 15 a rolling programme of Able and Enthusiastic mornings in other Subjects. Year 5 primary school pupils are also invited to the annual Year 8 Science Fair and the Art Show. St Benedict's School Ealing Other schools in the Emmaus Partnership 1st. Augustine's, Cardinal Wiseman and Sacred Heartl are invited to lectLJres/events at St Benedict's (alternatively they can view lectures on livestream). St. Benedict's hosts a L113/U12 netball tournament for these schools and pays for tran5POrt of pupi15 as required. The School also perfomis at and provides financial support for local community events such as Pitshanger'5'Light up the Lane, and 'Party in the Park,, Chri5tma5 caro15 (including an annual concert by the Junior School Schola at Downhur5t Residential Homel. Bursaries of up to £1,000 per annum are awarded to six pupils for instrumental lessons. One teacher is a trustee of Ealing Choral Society, which is a registered charity offering bur5arie5 to young members and discounts to those on limited income. Several thousand ptsunds is raised each year for a local charity via a Christmas Carol concert. One teacher is a trustee of Ealing Youth Orchestra and as51St5 Wlth the organi5ation and Staffing of concert5. The School supports Initial Teacher TraininE and, in 2017-18, became a member of the West London Teachin£ School Alliance IWLTSAI. which 15 coordinated by Sacred Heart School. Hammersmith. St Benedict's is the only independent school rnember of the WLTSA. Members of the St Benedict'S teaching staff serve as Chairman of Governors at St. George's Primary School, Sudbury and Governors at Chi5wick School. St. Marfs Primary School. Hammersmith and St. George's Catholic Primary School. Harrow. Two members of staff are councillors representing the London Boroughs of Chiswick and Hillingdon. Offering use of the school'sfocilitles to local community groups In addition to letting its facilities to various local sports clubs, the School also grants free use of its facilities to other charitable organisations, including Ealing Abbey and Parish and the Metropoli(an North West region of Hosanna House and Children's Pilgrimage Trust la group which organises pilgrimages to Lourde51. which uses the School not only for meetings but also to host fundrai51ng events. A mernber of staff 15 Deputy group Leader of a separate HCPT group. The school extends an invitation to local children to take fencing and train at a discounted rate where they use the facilities, equipment and coaching without paying the rates Charged by comparable fencing clubs. The school runs four national level fencing tournaments a year, open to all fencers, as well as helping to host several London regional events. The Games Department hosts a session for local schools at Perivale Park Athletics Track to assess GCSE students. The school has let out its facilities for, among other things Polish Saturday School Ealing Gymnastics Ealing Hockey Osemka Volleyball Club IPoli5hl Ealing Cricket Club JumpinE fitness Spanish Education Department classes Sri Lanka Society dinner Birthday parties Easter Vigil Goa Association dinner MetFilm School Armenian Society event Armeni3n scout event Evangelist church fair St Benedict's School Ealing Supportino locrjl, nationt71 ond internotiont71chorities The educational work of the School involves pupils and student5 engaging in various projects to promote and assist local, national and international charities. In 2023-24 the school raised over £27,053 in support of a range of charities. In addition to fundraising, the Lower Sixth Form Service programme also lends practical support to many local charities. The school. as part of the Emmau5 Partnership. takes part in fundraising and charitable activities for exarnple 51X collections were made in the Course of the year for the EalinE Food Bank, includin£ a colle¢tion for Christmas food items and presents. The school's St Vincernt de Paul ISVPI societies are involved in a wide range of charitable fundraising throughout the year. The sixth Form 5VP host5 a Chri5trnas and senior citizen5' party to which resident5 from local care home5 are invited. In addition Sixth Form pupi15 help at a local soup kitchen in Ealing-this 15 co-ordinated via the parish. On the school's annual St Benedict's Day funds were raised to help the charities The Foundation of Goodness, Friends of the Holy Land and The Felix Project. The school's four houses organi5ed charity days in the course of 2023-24, supporting ActionAid UK. The Childhood Trust. The Foundation of Goodne55 and Bra55 for Africa. The school supports the annual Macmillan Coffee Morning by hosting a parents, function in aid of Macmillan Cancer Support. The whole school take5 part in the Aid to the Church in Need'Red Wednesdarf fundraising day. For the past three years Year 7 pupils have completed a charity work-out in aid of Lepra, the leprosy charity. One of the school's peripatetic music teachers has set up the Ukraine Music Hub to help to provide free music lessons, instruments, placesto pra¢tise and performance opportunities to Ukrainian refugees. A natitsnal database has been established listing UK based teachers offering help and those seeking lessons and/or instruments. St. Benedict's are the administrators of this scheme. Another of the school's peripatetic music teachers has set up and runs the YourTurn Collective charity, which works In support of classical music creators from Ljnder-represented backgrounds. In total last year pupils spent 2,886 hours volunteerin8 as part of their Duke of Edinburgh Awards. The social value of these hour5 was £15.237. A member of our team and her famlly walked a half-marathon in London and walked over 135 km and ralsed over £4.500 for Parkinson UK. Plans are afoot to donate repurposed laptops to local state schools, asylum seeker charities and adults in need of technology. St Benedict's Psychology department has been giving physical resources and sharing expertise wtth the Psychology department at Cardinal Wiseman School. The schoolsupports five local retirement homes (St. David's, Kent Lodge, Acton Care Home,Torkington and Downhurstl through voluntary service. Students socialise with and serve the elderly in the local community. The Ecocentric Committee has run a local biodiversity survey and liter picking in surrounding parks as well as a trip to Moo Canoes to litter pick frorn the River Lea. It ha5 also taken part in Sadiq Khan'5 5U5tainable hou51ng ideas competition for the Royal Docks. The school uses Ecosia as its search engine, and this helps to plant trees around the world. St Benedict's School Ealing The school has developed a significant link with the Foundation of Goodness, based in Hikkaduwa on the south coast of Sri Lanka. This charity has done incredible work to make a difference to the lives of extremely impoverished rural communities, especially in the wake of the 2004 Tsunami. St. Benedicvs ha5 run five cricket tour5 to Sri Lanka Since 2014. and on each tour students have visited the Foundation's headquarters and spent an afternoon Coaching and playing with local children who are beneficiaries of the project as well as presenting a donation l£ll,O(KJ in 20241. A sixth tour is planned for Easter 2026. The school's Head of Cricket has been working with the Middlesex Cricket Pathway Ealing Borough U12 Team since 2021-this involves cricketers from within the London Borough of Ealing Borough and the wider community. In 2ddition he is the Director of Junior Cricket at Ealing Trailfinders Cricket Club, which provides holiday camp5 and winter and 5ummertraining for cricketers in the local community. Five St Benedict's coache5 work within local cricket clubs, driving participation in boys, and girls, cricket as well as the adult game. These toathes deliver holiday camps, winter and summer training and mastertlasses. Finally the Head of Cricket has developed girls, cricket at local schools, coaching around 300 girls in the last three years. A number of pupils have volunteered at local cricket clubs as part of their Duke of Edinbur£h Awards. The Senior School Library has con5i5tently donated books to'Porridge and Rice, over the years. 'Porridge and Rice, is a charity that helps childrern in the slums of Nairobi, providing meals and s¢hotslin& by supplying books, old uniform, clothing and furniture and sports kit. In addition a successlul book drive was organi5ed in 2024. in partnership with the Junior School. in support of the Children's Book Project. This charitable initiative, dedicated to providing underprivileged children with access to books and promoting literacy, received over 300 books through our efforts. By contribLJting to this cause, we aim to make a meaninEful impact on young reader5, lives and 5UPPOrt their educational development in comrnunitie5 where resources are limited. The 'St. Benedicys Hub, Ithe second-hand untform stOTel also supports Porridge and Rice. It also donates rugby kit to a charity in Malawi and clothing to Acton Recycling Community. In addition donations have been made to a parent who organises distribution of clothing to Afghan refugee children in variou5 Ealing schools, and a150 to a number of Ukrainian familie5. Staff at St Benedict'5 have supported charitie5 in a range of other ways.. Founder and Creative Dirertor of Ealing Street Dance Academy, a community dance company in Ealing consisting of 350 children with different abilities aged 3-18. The dancers attend weekend dance classes, work towards exams and perform at various events in the local wmmunity. Several bursaries areoffered to children whose parents cannot afford the termly fees. Trustee of a youth club, a research centre and a funerdl care service. The latter provide5 funera15 at cost value or even free for those who cannot afford the full charge and is operated only by voluriteer5. He also volunteers on the Committees of two fencing clubs, the Army and Combined Services Fencing Club. In addition he is an army reservist. Volunteering and fundraising with The Scratchin8 Post Cat Rescue Shelter, volunteering with the Postcards of Kindness Group and acting a5 a polling clerk for the London Borough of Barnet and a count clerk for London Mayoral elections. Trustee of the London Basketball Association and orEaniser of Chiswitk Monthly Litter Pick Volunteering as 8 magistrate, sitting in courts in Ealing and Uxbridge, and supporting the work of 'Magistrates in the Communitl. which helps to delwer the multi-agency workshop Your Life. You Choose, to Ealing schools. Serving on the children's liturgy team at Ealing Abbey on Sundays. Serving as TreasLJrer and Quartermaster of Polish Boy Scouts Iworldwidel, volunteerin8 with'marfs Meals,, arranEing transport to Mass for elderly people and reading at Mass ITh local parish aThd helping in local soup kitchen. Acting a5 a registered guide runner supporting visually impaired runner5 in their training and at running events lincluding the Great North Run). Running a local scout group Il" Ealing Northl and serving as a catechist in Ealing Abbey, teaching monthly confirmation classes. Serving a5 a catechist at Our Lady and St. Joseph's. Hanwell. Serving as a reader at Our Lady and St. Joseph's, Hanwell. Acting as Safeguarding Repre5entatwe in West Acton Parish, reading and 5upportingthe Parish Priest with confirmation classes. Serving on Parish Council of St. Plus X Church, Kingston, with special responsibility as the safeguarding representative. Volunteering as an independent examiner lauditorl for St. Matthew's Church, Ealing Common. St Benedict's School Ealing Producing and hosting podcasts forthe Multiple S£lerosisTrust, servin£ as a member of the Patient Participation Group of the UK MS register and fundraising for the MS Society. Serving a5 a volunteer librarian at Watlington Primary School. Oxford5hire. Assisting a blind man with his supermarket shopping in Brenttord. Assisting the Salvation Army at Christmas, and volunteering for Crisis at Christmas. Volunteering with Ealing Churches Christian Night Shelter at Ealing Abbey. Volunteering at soup kitchen5 in Central London and E3ling. Volunteering for the Schools Consent Project as part of their admin team. St Bernard'5 Preparatory School Thi5 year the value of bursarie5 made to help 5UPPOrt the School's pupi15 arnounted to £4.75412022-23= £3,905). At the Prep School, children are still given many opportunities to support others through prayer, fundraising and giving to others. The children support numerous charitable organi5ations. In 2023-24, the Prep School supported WWF, Macmillan Cancer Research, Pumpkin's Wildlrfe & CAFOD raising a totsl of £1,274. In addition to these funds raised, St Bernard's 3150 continue to share their good practice in teaching RE with St Joseph'5 (Bracknelll, raise awarene55 of local and global cau5e5 through social action projert5 and provide work experience through the Education Business Partnership. Flnanclal Revlew The School's operating surplus to 31" August 2024 as shown on the Statement of Financial Activities was £2,384,18812023: £1,358,975). Total reserves held at 31" August 2024 were £16,165,92512023.. £13,781,736). The School currently has total unrestricted fund5 of £16,091,23112023.. £13.713.8811 split by general funds of £11.315.80212023.. £9,480,322) arid designated funds of £4,775,43012023'. £4,233,559). Designated funds relate to the Land and Property Fund which is the value of land and property where property will depreciate at 2%. The School hasfixed assets of £18.251.57712023.. £18.713,6351. The extessof fixed assetsover unrestricted fund5 is £2,160.346 12023.. £4,999,754>. The ry)li¢y is to build up free reserves through annual surpluses in the coming years. Reserves held at 31. August 2024 in restricted fund5 wefe £74,693 12023.. £67.8551 tnainly repre5eTrted by the Leaver5 donations and Lecture series. ReseNes Pollcy In drawing up their reserves policy the Governors have considered the following.. the School's artivities, funding sources, future needs, opportunities, economic conditions, contingencies and the risks being faced. It is the Governors, policy to maintain free, undesignated reserves of a minimum of one rnonth'5 expenditure and long term to aim to increase this to three month5, expenditure. In addition, the Governors have designated a sum of £350,000 to hold against repayments of a¢ceptan¢e deposits rep3yable within one year. The policy has been reviewed in light of the current financial pressures and Governors are satisfied that the poliry meets the requirements of the School. The level of reserves held is monitored throughout the year using morithly management accounts and termly meetings of the Finance arnd General Purp05e5 Committee. One morith's expenditure is in the region of £1,850,(KJO and cash reseNes held at 311812024 were £8,352,196, principally fees in advance and deposits held on behalf of parents. 10 St Benedict's School Ealing Development st BenedicY5 School has a Development & Alumni Engagement Office which has been in operation Since September 2014. The Development & Alumni Engagement Office is registered with the Fundraising Regulator and adheres to all fundraising Codes of practice. It is staffed by a Development Manager and a Development & Alumni Engagement Director who is a member of the CASE and IDPE industry bodies. The Office has a structured programme of fundraising events including an Annual Fund, which seeks to support enhancing the materials and fabric of the School alongside Senior School Bursary and Legacy fundraising. We do not Use a third-party fundraiser and there have been Tho complaint5 rnade regarding the activity of the Development & Alumni Engagement Office. The tenth year of the Development & Alumni En8a8ement Office saw continued growth once again. The 2023124 Annual Fund was considerably bolstered by strong sUPPOrt during the School's fourth Giving Week, and raised over £lCX),OCM) towards Bursarie5. and Where the School Need5 It M05t, allocated to 5pecifir sport5, Junior arid Senior School equipment. In addition, over £14,000 was given under the Leavers, Acceptance Deposit appeal, and over £560,OW was received through Legacies left to the School. Continued focus on Alumni engagement has seen the School's alumni platform, St Benedirt's Connect, grow to over 1,500 Old Priorians, with over 75% of current members participating in the platfomi mentoring programme. The diverse event programrne featuring the annual fireworks party. Oxbridge Reunion Dinner. to the annual Alurnni sport5 festivals has ensured regular attendance of SOO+ consisting of past and present parents and Old Priorians. Ener￿ and Carbon Report In actordance with the Streamlined Energy and Carbon Reportin£ ISECRI requirements, the School's energy usage and emissions for the year were as follows.. 2023-24 2022-23 2021-22 2020-21 2019-20 UK energy use in kwh Gas UK energy use in kwh Electricity Associated Greenhouse Gas emissions in Tonnes 859,117 577,646 174.71 846,383 588.270 172.1 793,225 667.753 161.3 1,083,031 617,116 220.2 999,627 599,194 203.3 C02 Intensity Ratio (kilo of emissions per pupill 0.280 0.280 0.287 0.2QX) 0.185 ICKJ% of the School's electricity comes from renewable sources. The School continues to invest in building improvements such as LED lighting and replacing boilers to ensure they run more efficientlv. The School runs an"Eco-centric° committee which is a pupil-led group proposing green initiatives. Risk Mana8ement The Governors have given consideration to the major risks to which the charity is exposed and satisfied theMSe￿e$ that systems or procedures are established in order to manage those risks. They have in place appropriate structures and procedure5 to assess risk. A"Ri5k Registert assists the process of identifying risk5 and controls. assessing ri5k5 and evaluating actitsns required. Whilst Governors have responsibility for identifying risks. senior staff play a key rtsle in a$51Sting in drawing up the risk reElSter. The risk register for each cate£ory of risk sets out the following.. The key risks Their experted impa¢t and probability The controls in place to manage those risks The lead officer responsible for those controls The mechanism by which the controls are monitored The area5 where the controls need to be strengthened or further action taken. 11 St Benedict's School Ealing Sub committees of the Governing Board review those sections of the risk register delegated by the Board of Governor5, as set down in the Risk Managernent strategy. The highest priority risks identified by the Governors were.. l. The introduction of VAT on fees could make our School less affordable for pa￿ntS leadingto a significant loss of pupils and therefore loss of income. 2. Difficulties with employee relations followingthe adjustments to the Teachers, Pension Scheme. 3. Loss of inforrnation or data breach through IT failure, virus, destruction of hardware or cyber-attack. The risks will be mitigated as follows.. l. Financial modelling to determine the impact of the loss of pupils and action plans to increase income and cut spending if the scenarios play out. 2. Working with representatives of the staff body to ensure good communications. 3. Measures include staff trainin& back-ups. testing of our securtty 5V5tems. second factor authentication. Future Strategy The airn of St Benedict'5 Senior and Junior Schoo15 15 to becomethe Independent and Catholic schools of choice in West London. We will achieve this by supporting all pupils to a¢hievetheir academic potential, and to enjoy a full ¢o-¢urri¢ular life, in a school which develops individu31 gifts and strengths. At St Bernard's we aim to build upon the School's high academic standards and to promote what we offer so that we increase enrolment at the School. Retlring Governors We would like to extend our heartfeh thanks to all Governor5 who have retired this year, we are deeply grateful for the time and efforts they have invested in the School. Retirees are as follows.. Joe Berger (Chair of Governors and previously Chair of Finance, Mary Edis (Chair of Governors). Mike Ainslie Ichair of Finantel, Jonathan Walsh. Brian Taylor, Mark Leonard, David Howe. The Governors approved the Governors, Report, including the Strategic Report. on 5th December 2024 and signed on their behalf by Mike Davis Chair of Governors 12 St Benedict's School Ealing STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31" August 2024 Unrestricted Funds Restritted Funds Trtal 2024 Total 2023 INCOME FROM: Note Charltable actlvltle$ Fees Other academic income Other educational income Oonatlons Other dtsnations and legacv Other tradlng actlvltles Lettings income Bank interest 21,987,602 1,639,567 927,221 21.987.602 1,639,567 927,221 20,275,312 1,527,S53 893,860 560,780 234,554 795,334 192,736 234.273 179,209 234.273 190,531 225.871 57,774 11,322 Total Income 25,528.652 245.876 25,774,528 23.173.106 EXPENDITURE ON: Charltable actlvltles: Teaching Establishment Welfare Administration 15.690,956 4,664,590 622,631 2,147,090 15.690.956 4,903,628 622,631 2,147,090 14.783.420 4,472,962 573,999 1,987,214 239,038 Total Expendlture 23.125.267 239.038 23.364.305 21,817,595 Net income 2,403,385 239,038 2,410,223 1,355,511 Penslon pro￿$10￿ movÈmÈnt 126.0341 126,0341 3,464 Net movement in funds 2,377,350 6,838 2,384,189 1,358,975 Total funds at I September 2023 13,713,881 67,855 13,781,736 12,422,761 Totsl funds at 31 August 2024 16,091,232 74,693 16,165,925 13,781,736 Co￿lNUING OPERATIONS None of the School's 3Ctivities were acquired or discontinued during the year. TOTAL RECOGNISED GAINS AND LOSSES The School has no recognised gains or losses other than the surplus for the current period. Details of comparatwe figures by fund are disclosed in note 21. 13 St Benedict's School Ealing BALANCE SHEET Company Number: 08093330 31" August 2024 2024 2023 Notes FIXEO ASSETS Tangible fixed assets io 18,251,577 18.713,635 CURRENT ASSETS Stock Debtors Cash at bank and in hand 29,391 469.293 8,352,196 25,977 407.200 2,215,807 li 8.850,880 2.648,984 CREDITORS.. amounts falling due within one year 12 14,498,131) 12,487,127) CURRENT ASSETS 4.352.749 161.857 TOTAL ASSETS LESS CURRENT LIABIL￿lEs 22,604,326 18,875,492 CREDITORS.. amounts falling due after more than one year 13 16,438,401) 15,093,756) A55ETS 16,165,925 13,781,736 FUNDS Unrestrirted fund$ General Designated 14a 11,315,802 4,775,430 9,480,322 4,233,SS9 16,091,232 74,693 13.713,881 67,855 Restrlcted funds 14b TOTAL FUNDS 15 16,165,925 13,781,736 The financial statements were approved and authorised for issue by the Governors on 5 December 2024 and were signed below on its behalf bv.. Mike Davi5 Chair of Governors 14 St Benedict's School Ealing STATEMENT OF CASH FLOWS For the year ended 31" August 2024 2024 2023 Cash flows from operatin8 activities: Net cash provided by operating activities 7,487.724 1,656,148 Cash flows from investin8 attivities: Interest received Purchase of tangible fixed assets 190,531 1358,5161 57,774 11,902,011) Net cash used In Investing actlvities Cash flows from financing activities Repayment of bank loan 1167.9851 11,844,237) 11,183,350) 1157,8261 Change In cash and cash equlvalents 6.136,389 1345,9151 Cash and cash equivalent5 at the beginning of the reportin8 period 2,215,807 2,561,722 Cash and cash equivalents at the end of the reportlng perlod 8,352,196 2,215,807 RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period las per the Statement of Financial Activities) Adjustments for.. Depreciation In¢rease/lde¢reasel in stock Increaselldecreasel in debtors Increaselldecreasel in creditors Interest received 2,384,189 1,358,975 820,574 13,4141 162,0931 4,538,999 1190,5311 1.358,975 112,9361 170,9941 1354,4241 157,7741 Net cash provided by operatin8 artivities 7,487,724 1,656,148 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand and at bank 8,352,196 2,215,807 Total cash and cash equivalents 8.352.196 2.215.807 15 St Benedict's School Ealing ANALYSIS OF CHANGES IN NET DEBT Atl September Cash flows 2023 At 31 August 2024 £'ooo Cash and cash equivalents Cash 2.215￿07 6,136.389 8.352.196 2,215,807 6,136,389 8,352,196 Borrowlngs Debt due within one year 1230,6401 230,640 Debt due after one year 1952,7101 952,710 11,183,350) 1,183,350 Total Net Idebtllcash 1,032,457 7,319,739 8,352,196 16 St Benedict's School Ealing NOTES TO THE FINANCIAL STATEMENTS For the year ended 31" August 2024 ACCQUTrThING POUCIE5 Basis of preparation The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021. the Companies Act 2006 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reptsrting Standard applicable in the UK and RepLJblic of Ireland IFRS 1021- second edition effective I" January 2019. The functional currency of the School is considered to be GBP because that 15 the currency of the primary economic environment in which the School operates. The School is a Public Benefit Entity registered as a Charity irn England and Wale5 and a compaThy limited by guarantee (company number.. 08093330 and charity number.. 11485121. The financial 5tatement5 have been prepared under the historical c05t collvention. subject to the revaluation of certain fixed a55et5. Going Concern Governors have discussed the threat5 to the organisation including economic threats and specific sector threats such a5 pupil numbers. TPS c05t5.1055 of bu5ine55 rate relief. local competition and the reality of VAT being added to School fees. There has been minimal impart due to VAT to date in the Senior School with only a few pupils giving notice to withdraw following the announcement of the addition of VAT from January 2025. A small number of parents have asked for hardship support. The Junior School have seen lower pupil numbers in the early years in September 2025 which 15 in line with rnany other prep schoo15. The Prep School have seen a Similar redudion in their number5 for September 2025. The Board are aware that there could still be a significant impact on pupil numbers in the future in relation to VAT and plans to mitigate a reduction in income include cutting costs, increasing income via lettings and being ready to take on pupi15 from other Schools in drfficulty. The Board discussed and agreed plans to mitigate these risks. These discussions will continue. Bud£ets have been prèpared with these plans in mind and have been reviewed and approved. Governors have also reviewed the funding facilities available to the School together with the expected ongoing demand for places and the School's future projected cash flows. The Governor5 have a reasonable expectation that the School has adequate resources tts continue its activities for the foreseeable future and Consider that there were no material uncertainties over the School's financial viability. Accordingly, they continue to adopt the 8oinE concern basis in preparing the financial statements as outlined in the Statement of Accounting and Reporting Responsibilities on page 5. Cr5t5cal accountlng Sudgements and key sources of estimatlon uncertalnty In the application of the accounting policies, Governors are required to make judgements, estimates, 2nd assumptions about the carryirng value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estlmates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate 15 revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods. Judgement5 made by the Governors, in the application of these accounting policie5 that have significant effert on the financial statements and estimates with a significant risk of material adjustment in the next year are deemed to be in relation to the depreciation rates of tangible fixed assets and are discussed below. In the view of the Governor5. no assumption5 concernin6 the future or estirnation uncertainty affecting a55ets or liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year. 17 St Benedict's School Ealing Income Fees receivable and other fees are accouThted for in the period in which the service is provided. Fees receivable represent fee5 less bur5arie5 and allowance5 and other income derived from the School'5 continuing actwitie5. Fundraising and other income is a¢counted for when entitlement arises, the amount can be reliably quantified and the economic benefit to the School is considered probable. Expendlture Expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. I costs have been attributed to the functional categories of resources expended in the Statement of Financial ArtNities. The School is not registered for VAT and accordingly expenditure is included gross of irrecoverable VAT. Governance costs compr15e the costs of running the charity. includin8 Strategic planning for its future development. external audit, any legal advice for the School's Governors, and all the Costs of complying with constitutional and statutory requirements, such as costs of Board and Committee meetings and of preparing statutory accounts and satisfying public accountability. Tangible fixed assets Tangible assets, exceptthe freehold property, are stated at cost less depreciation. Depreciation is provided on all tangible fixed assets other than freehold land, at rates ¢al¢ulated to write off the ¢ost less their estimated residual value of each asset over its expected useful life, as follow5.. School buildings Motor vehicles Furniture. fittings and equipment Property improvements St Bernard's extension 2% on cost 20% on cost - 33.3% on c05t - 20% on cost - 4% on cost Individual items costing less than £2,(K)O are normally written off as an expense on acqulsitlon. Stock Stock is stated at the lower of cost and net realisable value. Stock reflects umbrellas and catering supplies. Flnanclal Instruments Basic financial instruments are initially recogni5ed at transaction value and subsequently rnea5ured at amortised value with the exception of investments which are held at fair value. Financial assets held at amortised cost comprise ¢ash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in bank account5 and used a5 working capital. Financial liabilities held at amort15ed cost cornprise all creditor5 except social security and other taxe5 and provisions. Debtors Trade and other debtors are recognised atthe settlement amount due afteranytrade discount offered. Prepayrnents are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and 5hort-term dep051ts. rJeditors and provisions Creditors and provisions are recognised where the School has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowin8 for anv trade discounts due. 18 St Benedict's School Ealing Pensions The Teachers, Pension Scheme- this scheme is a multi-employer pension scheme. It is not possible to identify the School's share of the underlying a55ets and liabilitie5 of the Teachers, Pen510n Scheme on a consistent and reasonable basis and therefore, as required by FRS102, the School accounts for the scheme as if it were a defined contribution scheme. The School's contributions, which are in accordance with the recommendations of the Government Actuary, are charged in the period in which the salaries to which they relate are payable. The School also operates 2 defined contribution group personal pension schemes for non-teachin8 staff. Operating lease commitments The rentals payable under operatin8 leases are charged to the Ststement of Financial Activities ISOFAI on a straight line basis over the lease term. Fund accounting Funds held by the charity are: Unre5trirtedfunds- these are fund5 which can be used in accordance with the charitable objects at the discretion of the Governors. Designotedfvnds- these are unrestricted funds marked by the Board of Governor5 for particular purposes. Restrictedfunds-these are funds that can only be used for particular restricted purposes within the objects of the charity. Further explanation of the nature and purpose of the restricted funds is included in note 14b to the accounts. INCOME 2024 2023 Net income is stated after ¢har8in8 Depreciation of owned tangible fixed assets Auditorf5 rernuneration- audit services Operating leases- buildings equipment 820,574 27.570 562,674 67,210 793,301 25.710 525,478 68,775 FEES RECEIVABLE 2024 2023 Fees re¢eivable ¢￿Sist of: Gross fees Less.. Bursaries, scholèrships Less.. Other awards 24,419,458 11,233,862) 11,197,994) 22,553,224 11,109,244) 11,168,668) 21,987,602 20,275,312 OTHER ACADEMIC INCOME 2024 2023 Examination fees Registration fees Extras Other Income 120,108 67,600 1.237,129 214.730 106,426 72,175 1.180,501 168.451 1,639,567 1,527,553 19 St Benedict's School Ealing 5. OTHER EDUCATIONAL INCOME 2024 2023 Catering Minibus other Income 856,601 70,620 832,932 60,928 927.221 893.860 OTHER DONATIONS AND LEGACIES 2024 2023 Donations LeBacv 245,976 560,680 192,736 806,656 192,736 EXPENDITURE Staff costs Depreclatlon Other costs 2024 2023 Charitable Artivities: Teaching Establishment Welfare Support and Administration 13.577,113 1,011,478 407.823 2,113.843 3,071,577 214,808 15,690.956 4,903,628 622,631 14,783.420 4,472,962 573.999 820,573 1,699,021 448,069 2,147,090 1,987,214 16,695,435 820,573 5.848,297 23.364,305 21,817,595 Prior Year comparative.. Staff costs Depre¢iation Other costs 2023 2022 Charitable Artivitie5: Teaching Establishment Welfare Support and Administration 12,767,627 943,443 374,411 2,015,793 2,736.218 199,588 14,783,420 4,472,962 573,999 13,744,509 4,114.638 538,288 793,301 1,575,767 411,447 1.987.214 1,906,384 15,661,248 793,301 5,363,046 21,817,595 20,303,819 Included within support and administration costs above are governance costs of £33,89712023.. £28,898) in respect of auditors. remuneration, governing body expenses and legal fees. 20 St Benedict's School Ealing PARTICULARS OF EMPLOYEE5 2024 No. 2023 No. The average persons employed by the School during the year was.. Education Administration and domestic 267 129 271 112 396 383 2024 2023 Their totol remunerution wus.. Wages and salaries Social Security costs Other pension costs 13,310,725 1.339.082 2,045,628 12,572,608 1.263,631 1,825,009 16.695.435 15.661.248 The number of staff with emoluments within the following ranges were.. 2024 No. 2023 No. £60,000- £69,999 £70,000- £79.999 £80,IJOO- £89.999 £90,000- £99,999 £IOO,OIXJ- £109,999 £150,000- £159.999 £180,000- £189,999 34 15 26 The total remuneratlon of key management personnel durlng the year was £904,33312023'. £933,1921. The School made defined benefit pension contributions of £155,25612023.. £147,811) in the year in respect of the 6 key management personnel above. There were three termination payment5 made in the year for £13,58112023: £6,116). GOVERNORS. REMUNERTION ANO ReiMBURseD EXPENSES None of the Governors received any form of remuneration12023'. none). 21 St Benedict's School Ealing TAXATION St 8enedicYs School Ealing is a registered charity and is not liable to taxation. 10. TANGIBLE FIXED ASSETS Freehold Land and Property Furniture Property fittings and Impro¥e- equipment ments School Buildings Motor Vehicles Total Cost or valuation At I Septetnber 2023 Additions at cost Disposals 4,440.459 1,448,736 4,149,460 13,144,340 232,048 23,415,043 54,859 132,348 171,309 358,516 At 31 August 2024 4,440,459 1,503,595 4,281,808 13,144,340 403,357 23,773,559 Depre¢lation At I September 2023 Charge for the year Disposals 206,900 1,341,995 1,118,206 1,853,472 180,835 4,701,408 18,809 87,711 433,826 262,887 17,341 820,574 At 31 August 2024 225,709 1,429,706 1,552,032 2,116,359 198,176 5,521,982 Net Book Value At 31 Au8USt 2024 4,214,750 73,889 2,729,776 11,027,981 205,181 18,251,577 At 31 August 2023 4,233,559 106,741 3,031,254 11,290,868 51,213 18,713,635 11. DEBTORS 2024 2023 Unpaid fees and miscellaneous debtors Prepayments and accrued incotT Other debtor5 4,S80 266,917 197,796 23,200 261,722 122,278 469,293 407,200 22 St Benedict's School Ealing 12. CREDITORS: amounts falllng due wlthln one year 2024 2023 Trade creditors Fees re￿iVed in advance Deposits held Bank Loan Other taxation and social securitv Other creditors Pension deficit payments A¢¢ruals AmoLJnts due to the Trustees of the Charity of the Bernadine Sisters 353,685 3,054,929 247.734 243.054 977,228 203.416 230,640 294,986 186.517 64.490 186,796 295,607 123,736 66.424 256,016 100.oLK) Iw.000 4,498,131 2,487,127 13. CREDITORS: amounts falllng due after more than one year 2024 2023 Bank loan Pension deficit payments Fees received in advan Deposits held Amounts due to the Trustees of the Charity of the Bernadine Sister5 952.710 449,633 109,677 2.761,914 409,242 2,617,815 2,667,747 743,597 819,822 6,438,401 5,093,756 In 2016 the School took out a loan for £7.5m to build a new Junior khoDI wing, the Ark. In July 2024 this loan was ￿Paid in On l January 2019 the School acquired St Bernard's Preparatory School from the Charity of the Bernadine Sisters for £1,500,(K)O payable in 30 instalments of £50.000 over a 15-year period. The first payment was made acqui51tion, with subsequent inst31ments due twice 3 year on 30 September and 31 March. The net present value of this liability at 31 August 2024 is £843,597 which has been split between creditors due in less thaTh one year and creditors due in more than one year accordingly12023.. £919,8221. 23 St Benedict's School Ealing 14a. UNRESTRicfED FUNDS Brought forward at I September 2023 Movements in pension provlslon & Transfers Carried forward at 31 August 2024 Income Expenditure General funds 9,480,322 24,967,972 123,151,3011 18,809 11,315,802 De5ignatedfunds Land and Property Fund Legacy 4,233,559 118,8091 4,214,750 560,680 560,680 4.233.559 560.680 118.8091 4.775.430 13,713,881 25,528,652 123,151,3011 16,091,232 Lond ond Property Fund The land and property fund repre5ent5 the net book value of the School's freehold land and property. A decision was made to separate thi5 fund frorn the general fund in recognition of the fact that the freehold property IS Used to provide accommodation for staff and the fund value would not be easily realisable if needed to meet future contingencies. On the acquisition of St Bernard's £3.Sm of land was recognised in this fund. Prloryear Comparatlve.. Brought forward at I September 2022 Movements In penslon provision & Transfers Carried fotivard at 31 August 2023 Income Expenditure General funds 8,099,173 22,980,470 121,618,130) 18,809 9,480,322 De5ignatedfvnds Land and Propertv Fund 4,252,368 118,8091 4,233,559 4,252,368 118,8091 4,233,559 12,351,541 22,980.470 121,618,130) 13,713,881 24 St Benedict's School Ealing 14b. RESTRICTED FUNDS Brought forward at I September 2023 Carried forward at 31 August 2024 I￿oMe Expenditure OPA Headmasters Fund Science Garden and Pond Bursary Appeal Leavers Donations Annual Fund l Music Studio Annual Fund I Climate Station Annual Fund / Gym Annual Fund18ursaries Richard Baker Lecture Series Misc Gifts and Sponsor5hip5 Sloboda Music Ukraini3n Student Fund 3,035 9,228 4,035 9,228 86,960 18,181 (86,9601 (20.9621 16,5791 14,3571 15,7041 1105,2171 14,2421 12.1251 11421 12,7501 20,962 6,579 4,357 3,608 18,181 2,096 130,646 4,581 1.812 25,429 12,004 11,665 313 5,358 2,750 5,816 67.855 245,876 1239.038 74.693 OPA Headm¢ysterfs Fund This fund relatesto an annual donation from the Old Priorians, Association forthe Headmaster toaward to pupillsl for a specific project or educational experience. Science Gurden and Pond This fund incorporates monies donated by the Gulamhuseinwala family in memory of a former pupil and to be used for a science pond. It also includes monies raised in the annual 8ivin8 campaign for a science garden and pond. From 2020 these funds were amalgamated. 8urst7ryAppeol, LeuverDonations ond Bursary Rescue FundAppeal This fund comprises monies to be used for the provision of bursaries for talented academic, sporting and musical pupils. Annuol Fund/Music Studio This fund comprises annual giving monies received in 2021-22. This was spent on technical equipment for the Music Studio. Annuol Fund/Climote Statlon This fund comprises annual giving monies received in 2022-23. This was spent on a new climate station Annuol Fund/6ym This fund Comprises annual giving monies received in 2022-23. This was spent on the refurbishment of the Gym. RichordBoker Lecture Series Monie5 donated to fund a series of lecture5 by a forrner pupil who was inspired by Richard Baker. Miscelloneous Gifts This was money donated to be used for Fencing and Adrian Kellet Public speaking cup Slobodo Music Funds donated for music activities including concerts. Ukruinion Student Fund This is a donation to be used for equipment for Ukrainian refugees studying at St Benedicys. 25 St Benedict's School Ealing Prioryear Comparative.. 14b. RESTRicfED FUNDS Brought forward at I September 2022 Carried forward at 31 August 2024 Income Expenditure OPA Headmasters Fund Science Garden and Pond Bursary Appeal Leavers Donations Annual Fund / Music Studio Annual Fund / Climate Station Annual Fund / Gym Annual Fund / Bursaries Richard Baker Lecture Series Misc Gift5 and Spon50rship5 Sloboda Music Ukrainian Student Fund 2,750 9,228 1,000 17151 3,035 9,228 70,185 20,962 0,1851 116,9591 116.4021 15,6431 114,7121 (70,4S71 19281 16,959 22,981 20,962 6,579 4,357 3.608 10,000 18,320 70,4S7 12,593 11,665 313 5,358 2.750 313 149 1,250 5,209 1,500 71,220 192,636 1196,0011 67,855 15. ANALY515 OF N￿AssEr5 BEtWEEN FUNDS Tangible Fixed a55ets Other assetsl Total 2024 Totsl 2023 Restricted funds Unrestrictedfunds General funds Designated funds 74,693 74,693 67,855 14.036,827 4.214.750 12,721,0251 560.680 11,315,802 4.775.430 9.480,322 4.233.559 18,251,S77 12,085,6521 16,165,925 13,781,736 26 St Benedict's School Ealing Prior Year Comparative: Tangible Foxed assets Other assetsl Total 2023 Total 2022 Restrirted funds Unre5trictedfunds General funds Designated funds 67,855 67,855 71,220 14,480,076 4,233,559 14,999,7541 9,480,322 4,233,559 8,099,173 4,252,368 18.713.635 14,931,8991 13.781,736 12.422.761 PENSION COSTS lal Teachers, Penslon Scheme The School participates in the Teachers. Pension Scheme l-the TPS~I for its teaching staff. The pension charge for the year includes contributions pay3ble to the TPS of £1,544.24212023.. £1,527,556) and at the year-end £O12023- £0) was accrued in respect of contrib￿lOn5 to this scheme. The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers. Pensions Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 las amendedl. Members contribute on a "pay as you go" basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public fuThds provided by Parliament. The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuarfs Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report, which was published in October 2023. Following the M¢Cloud judgement, the remedy proposed that when benefits become payable, eligible members can select to receive them from either the reformed or legacy schemes for the period l April 2015 to 31 March 2022. The actuaries have assumed that members are likely to choose the option that provide5 them with the greater benefits, and in preparing the 2020 valuation have valued the'greater value, benefits for groups of relevant members. The employer contribution rate for the TPS is 28.6%, and employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%. Ibl Support stsft and Alternative Teacher Pens5on Scheme The School runs four defined contribution schemes including two auto enrolment schemes for its teaching and non- teaching staff who are not in a final salary scheme. The cost for the year of the School'5 Colltributions wa5 £755,355 12023.. £518,409>. Icl Former Support Staff Penslon Scheme The School previously participated in The Independent Schools, Pension Scheme I'the scheme'l, the scheme was closed to future accruals on 30, September 2018. The scheme is a multi-employer scheme run by The Pensions Trust which provide5 benefit5 to some 61 non-associated employers. The scheme is a defined benefit Scheme in the UK. It is not 27 St Benedict's School Ealing possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme, therefore it accounts for the scheme 35 a defined contribution Scheme. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with docurnents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework forfunding defined benefit occupational pen510ll 5cheme5 in the UK. The scheme is classified as a 'last-man Standing arrdngement,. Therefore the School is potentially liable for other participating employer5, obligation5 if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scherne. A full actuarial valuation for the scheme was carried out with an effective date of 30 September 2020. This actuarial valuation was certified on 22 December 2021 and showed asset5 of £201.Im. liabilities of £256.3rn and a deficit of £55.2m. To eliminate thi5 fundin8 shortfall. the trustee5 and the participating etnployer5 have agreed that additional contributions will be paid, in combination from all employers, to the scheme as follows: Deficit contributions From I September 2022 to 30 June 2032.. £2,687,(K)O per annum Ipayable monthly and increasing by 3% on each I" Septemberl Note that the scheme's previous valuation was carried out with an effective date of 30 September 2017. This valuation showed assets of £149.4m, liabilitiesof £187.6m and a deficit of £38.2m. To eliminatethis funding shortfall, the Trustees had asked the participating employers to pay additional contributions to the scheme as follows= DefJ¢it ￿ntributIOnS From I September 2019 to 31 April 2030.. £2,387,357 per annum (payable monthly and increasing by 3% on each I" September) The recovery plan contributions are allocated to each participating employer in line with their estimated Share of the scheme liabilities. Where the Scheme 15 in deficit and where the company ha5 agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amoLJnt recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recogni5ed as a finance cost. The deficit contribution paid by the School during the year was £64,49012023'. £62,611). 28 St Benedict's School Ealing 17. OPERATING LEASE COMMITMENTS At 31 August 2023. the School had total commitment5 under non%an¢ellable operating leases payable a5 follows.. land & 8uildin8S 2024 Land & Buildin8$ 2023 Other 2024 Other 2023 Within one year Betweern two and five years More than 5 years 580,680 2.092,615 70,403 137,042 562,673 2.150.190 71,974 204.113 2,673,295 207,445 2,712,863 276,087 Operating lease commitments have been calculated at current rates and will be updated annually for RPIS as per the contrarts. 18. SHARE CAPITAL AND CONTROLLINfj PARTY The School is limited by guarantee and therefore has no share capital. The liability of the members in the event of winding up 15 £1 each. No one member ha5 overall control of the School. 19. RELATED PARTY TRANSAcfioNS At 31" August there were two donations from Governors totalling £21012023.. £2501. 20. CAPITAL COMMITMENT The School were not cornmitted to any capital expenditure at 31" August 2024 nor at 31" August 2023. 29 St Benedict's School Ealing 21. PRIOR YEAR COMPARATIVES BY FUND Unrestrirted Funds Restricted Funds Total 2023 INCOME FROM: Charitable activitie5 Fees Other academic income Other educational income Donations Other donations and grants Other trading activltSes Letting5 income Bank interest 20,275,312 1,527,553 893.860 20,275,312 1,527,553 893.860 192,636 192,736 225.871 57,774 225.871 57,774 Total Income 22,980,470 192,636 23,173,106 EXPENDITURE ON.. Charitable xtlvltles: Teaching Establishment Welfare Administration 14,783,420 4,276,961 573,999 1,987,214 14.783,420 4,472,962 573,999 1,987,214 196,001 Total Expendlture 21,621.594 196.001 21.817.595 Net inwme 1,358,876 13,3651 1,355,511 Pension provision rnovernent 3,464 3.464 Net movement in fvnds 1,362,340 13,3651 1,358,975 Total fund5 at I September 2022 12.351.541 71.220 12.422.761 Total funds at 31 August 2023 13,713,881 67,855 13,781,736 30 St Benedict's School Ealing GOVERNING BODY For the year ended 31" August 2024 fjOVERNORS The Governors are both Charlty trustees and dlrectors of St Benedict's School Ealing. They have all served in office throughout the period except where indicated. Governors Mr Mike Ainslle (retired 01112120231 Mr Alex Avella Mr Joe Berger (Chair of Governors to 1710312024, retired from Board 20106120241 M5 Anne Blixen-Finecke (appointed 01112120231 Ms Mary Boyle Mr Amit Chatterjee lappointed oIIIy20231 M5 Melissa Davies-wright Mr Mike Oavis (Acting Chair of Governors appointed 0310712024, Chair of Governors appointed 11/11120241 Ms Mary Edis (Chair of Governors 1810312024 to 0210712024, retired from Board 021101241 Mr David Howe (retired 09104120241 Mr Paul Keyte Mr Mark Leonard Iretired 14103120241 Dom Ambrose McCambrid8e M5 R05 Nockles Mr Alex Pereira-lnacio Ms Liz Pilgrim Mr Brian Taylor (retired 16103120241 Abbot Dominic Taylor Mr Jonathan Wa15h (retired 16103120241 Ms Fiona Yates (appointed 20106120241 Heads Mrj Smith (Chief Executive and Head of St Benedict's Senior School) Mr R G Simmons (Head of St Benedict's Jursior School) Ms A Verma IHead of St Bernard's Preparatory School) Clerk to the Governors and Bursar Ms C Bedwin Company number 08093330 Re8istered Charity number 1148512 Reglstered Office 54 Eaton Rise, Ealin& London, W5 2ES Emall address bursarsoffice@5tbenedicts.org.uk Website www.stbenedirts.org.uk 31 St Benedict's School Ealing ADVISORS For the year ended 31" August 2024 Bankers Barclay5 Bank Onslow Hall Little Green Richmond Surrev TW9 IQS Allica Bank 4" Floor 164 8ishop5gate London EC2M 4LX Solicitors Veale Wa5brough Vizard5 Orchard Court Orchard Lane Bristol BS15W5 Weightmans LLP 100 Old Hall Street Liverpool Merseryside L3 91W Auditor Haysmac LLP IQ Queen Street Place Londori EC4R IAG Insurance Brokers PIB Risk Services Limited Poppleton Grange Low Poppleton Lane York Y02 6AZ 32 St Benedict's School Ealing INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST BENEDicfsscHOOLEALING Opinion We have audited the financial statements tsf St Benedicvs School Ealing for the year ended 31 August 2024 which Comprise the Statement of Financial Artivities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standard5, including Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom Generalty Accepted Accounting practi￿). In our opinion. the financial 5tatements-. give a true and fair view of the stste of the charitable companvs affairs as at 31 August 2024 and of the charitable compan¢s net movement in funds. including the income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of the Companies Art 2006. Basls for oplnlon We conducted our audit in accordance with International Standard5 on Auditin6 IUKI IIsA5 IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity irs accordance with the ethical requirements that are relevant to our audit of the financial Statements in the UK. including the FRCS Ethical Standard. and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the tru5tees' use of the going concern basi5 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast 5igThificant doubt on the charitable company's ability to continue a5 a going concern for period of at least twelve months frorn when the financial staternents are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to goin8 concern are described in the relevant sections of this report. Other information The governors are responsible for the other information. The other information comprises the information included in the Headmasterf5 Report and the Governors, Report. Our opinion on the financial statements doe5 not cover the other inforrnation and, except tothe extentotherwise expllcitlystated In our report, we do not express anyform of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information Is materially inconsisterit with the financial Statements or our knowledge obtained in the audit or othetwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to detemiine whether there is a rnaterial misstatement in the financial 5tatement5 or a material rni55tatement of the other information. If, based on the work we have performed. we cornclude thatthere 15 a material misstatement of this other information, we are required to report that fart. We have nothing to report in this regard. Oplnlons on other matters prescrlbed bythe Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in the Governors. Report (which incluiles the strate8i¢ report and the directors. report prepared for the purposes of company lawl for the financial year for which the financial statements are prepared is consistent with the financial staternent5.' and 33 St Benedict's School Ealing INDEPENDENT AUDITOR'S REPORT (co ntlnued) TO THE MEMBERS OF ST BENEDicfsscHOOLEALING the strategic reportand the directors, report included within the Governors, Report have been prepared in accordance with applicable legal requirements. Matters on which we a￿ required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Governors, Report Iwhlch Incorporates the strategic report and the directors. report). We have nothingto report in respect of the following matters in relation to which the CompaniesAct 2LX)6 requires usto report to you if, in our opinion.. adequate accounting records have not been kept by the charitable company. or returns adequate for our audit have not been received from branche5 not V151ted by us.. or the charitable company financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. Re5pon5ibilities of trustee5 for the financial statements As explained more fully in the trustees, responsibilities statement set out on page S, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for bein6 5atlsfied that they give a true arnd fair view. and for Such internal control a5 the trustees deterrnine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustee5 are responsible for as5e5sing the charitable company'5 ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable ttsmpany or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from materlal misstatement, whether due to fraud or error, 2nd to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exist5. Mi5Statements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasornably be expe¢ted to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including Iraud. are in5tance5 of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of ir￿guI#r1ties, including fraud. The extent to which our procedLJres are capable of detecting irreEularities, includin£ fraud is detailed below.. Based on our understanding of the charitable company and the environment in which it operate5, we identified that the principal risks of non-compliance with laws and regulations related to independent school regulations, safeguarding regulations. health and safety law, GDPR and employment law and we considered the extent to which non-compliance might have a material effect on the financial 5tatement5. We also considered those laws and regulation5 that have a direct impart on the preparation of the financial statements such as the Companies Act 2006, the Charities Act 2011, and payroll tax. We evaluated management's Tncentives and opportunitie5 for fraudulent manipulation of the financial statements lincluding the risk of override of controlsl, and determined that the principal risks were related to Posting Inappropriate journal entrie5 to revenue and management bias in accountin8 estimates. Audit procedures performed by the engagement team included.. Inspecting correspondence with regulators and tax authorities; 34 St Benedict's School Ealing INDEPENDENT AUDITOR'S REPORT {co ntlnued) TO THE MEMBERS OF ST BENEDicfsscHOOLEALING Di5CU5sions with management including consideration of known or suspected instances of non-compliance with law5 and regulation and fraud- Evaluating management's controls desi£ned to prevent and detect irregularities,. Identifying and testing journals, and Challenging as5umption5 and judgements rnade by management in their critical accounting estirnates. Because of the inherent limitations of an audit, there is a risk that we will not detert all irregularities, includin£ those leading to a material rnisstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance wfth a law or regulation is removed from the event5 and transaction5 reflected in the financial staternents, a5 we will be less likely tts become awa￿ of iristances of norn-compliance. The risk is also greater regarding irregularities occurring due to fraud ratherthan error. as fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. A further description of our responsibilities for the audit of the financial ststements is located on the Financial Reporting Council's website at.. www.frc.org.uvauditorsresponsibilities. This description fomis part of our auditols report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertakern so that we might state to the charitable company's members those matters we are required to State to them in an Auditor's report and for no other purpose. To the fullest extent permitted bv law, we do ￿0t accept or a55ume re5POn5ibility to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Lee Stokes (Senior Statutory Auditor) For and on behalf of HaysMa¢ LLP, Ststutory Auditor 10 Queen Street Place London EC4R IAG Date.. 1011212024 35 St Benedict’S School a m i n i m i s i n c i p e Ealing ● London ● W5 2ES ● 020 8862 2000