Roglstered, numher:.0816831'1 (England,and'Wales) Charity number: 1151323 .BEECH LODGE SCHOOL LIMITED IA ¢'ompa.ny limited,b.y guarantee) TRUSTEES, REPORT AND FINANcIAL,STATEMENTS FOR THE.YEAR ENDED 31.AVGUST 2024 "AEOAR24P' 1210412025 COMPANIES HOUSE A12
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BEECH LODGE SCHOOL'LIMItED CONTENTS Page Ref9renc? and admirflstratlve details olihé'charltyi Trustees report Independe'nt audltors, report on the financial statements onsolldated stgtéinerit of finab¢lal 4.ctlyitiès Consolldated balance shèèt its Trts"stee$ and advl'gers 12 Charlty balance sheet Consolldated statemènt of ¢asli flovds 13 14 Notes to the flnancial state.ments
BEECH LODGE SCHOOL LIMITED IA company limited by guarantee) REFERENCEAND ADMINISTRATIVE DETAILS QF THE CHARITY, ITS TRUSTEES AND ADVISERS FQR THE YEAR ENDED 31 AUGUST 2Q24. Trustees LJRBaines D Szmigielska Shanly S A Szmi9ielski O M Gillespie (Appointed 14 May 2024) Company reglstered number 08168311 (England arid Wales) Charlty reglstered number 1151323 Reglstered offlcè Sorbon 24-26 AeSbury End Beaconsfield Buckinghamshire HP9 1LW IDdepend•nt audhors Henton & Co LLP Slag House Old London Road Hertford Hertfordshire SG13 TLA Bankgrs Barclays Bank PIC 34 Market Square Ae$bury By¢kinghamshire HP20 1 Principal Operating Office Stubbings Lgne Henley Road Maidenhead Beikshire SL6 6QL Page 1
BEECH LODGE SCHOOL LIMITED (A company Ilmited by guarantee) TRUSTEES, REPQRT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees are pleased to present their annual Tnjstees, report togelher with the financial slalements of the harity for the year ending 31 August 2024 which are also ,prepared lo meet the requiremen19 for a directors, report and accounts for Companies A¢t purposes. The financial statements comply with the Charilies Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102). Objectives and activities o Objectives and alms The principal object of the Charity is to advance to education of the pupils al Beech Lodge School by providing and assisting In the provision of specialised schoollng and education services for children bÈeen 7 and 18 years of age, There have been no changes in the objectives since th8 last ahnual report. o Objectlves, Strategles, and Aclivitles In selling objectives and plannlng for activities, the Trustees have given due consideralion lo general guidance published by the Charity Commission relaling lo public benefit. Beech Lodge School Limited is committed to providing quality care and education for children and young people with special needs, particularly those who have experlenced trauma and adverse childhood experiences, creating a nurturing environment lo foster resillence, develop a growth mindset and provide opportunities for achlevemenl. enabllng every child over lime to reach their full academic and social potential. Publlc benefit 8eech Lodge School Is an Independent special school for chlldren and young people who are unable lo reach their potential in a mainstream setting. Many of the pupils who attend the school havè social & emolion81 difficulties caused by early traurha and adverse childhood experiences, the consequences of which can be extremely challenglng and lifelong. All pupils have an Educatlon, Health and Care plan IEHCP) and are funded by their Local Education Authority (LEA). The school works with 12 LEA'S who place pupils al the school. The school offers a bespoke, engaging. and flexible curriculum tailored to meet pupil needs, interest, and academlc ability. Pupils access a range of subjects. quallfications and extra- curricular activities which enable Ihem to fulfil their potential and prepare for Ihe next stage of their live5. Puplls are taught in small classes with a high adult ratio and specialist teaching. Training and support is offered to local slate schoo15 on the impact of trauma and atiachment. The sdhool's charity shop, the"Apprenticeshop' in Maidenhead High Street has been registered as a Community Interest Company. 11 Ss a working and learning space and is intended lo provide work experience for pupils at Beech Lodge as well as other local stale special schools including Forest Bridge and Manor Green SEN schools. To dale the shop has raised over E30k for local and inlernalional charilies. Page 2
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2024 Achievements and performance o Main achievement5 of the Charity Adm155ions Pupil numbers remained at 82 puplls In September 2023 for the academic year 2023124. Appllcations for places continued throughout the year and predictions for 2024125 intake remain stable and at the optimal number in order lo achieve our aims for our pupils. Academic and vocational qualificallon results have been good wllh 100 /0 of leavers achieving 5 or more recognise¢ qualifications or certificatlons. Flnanclal revlew D Golng concern After making 8ppropriale enquiries, the ,board of Trustees has a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason. it continues to adopt the going<oncern basis in preparlng the Ilnancial stalemenls. For the group, including Peech Lodge Services Limited, incoming resources were £3,832.442 (2023.. £3.398,394) and resources expended were £3.739,633 {2023.' £3,350,735) giving a surplus of £92,809 (2023: £47,659) for the year. o Rft3erv8s policy Reserves are held lo meet future cominilmenls and wll b6 reSnvested into the facilitles of the s¢hool and education of the chlldren. On 31 st August 2024 lolal reserves comprised.. Unrestricted.. £578,079 (2023.. £485,270) for the group, and £688,963 (2023.. £584,250) for the school. The reseNes held effectively represent the commitments due under the property lease. o Prlnclpal rlsks and uncertainties The Trustees have assessed the m8jor risks to which the Charity Is exposed. using a RAG rating matrix. The likelihood and impact of various business risks. mainly pertaining to regulatory requirements and financial performance. have been assessed and appropriate actions have been put in place to miligale exposure lo the major risks. Currenlly a major uncertainty and risk to ihe school is the upcomin9 ¢hange in law by the new Labour Government who are mandating that all independent schools {includin$ independent special schools) should be VAT regSslered 8nd thus applying 200/0 increase to fees from January 1st 2025. It is our understanding that we will be fr)rced lo register for VAT and add 20% Incre8se on our fee5 to the Local Education Authorities who fund our pupi15 and they will be able lo reclaim the VAT. At the lime of writing we only have one pupil who is privately funded and we do not anticipate thal the addition of VAT on our fees will affect us too detrimentally. 11 is also the government's pfoposal to strip all independent schools of theif charitable status therefore removing business rates relief. However, it is currently in debate in parliament and we anlicipale that independent SEND schoo15 who have in excess of 500/0 of pupils with EHCPS such as us are likely to be exempt, thus removing Ihal risk. Page 3
BEECH LODGE SCHOOL LIMITED (A Gompany limited by guarantee) TRUSTEES, REPORT ICONTINUEDI Foli THE YEAR ENDED 31 AUGUST 2024 Structure, governance and management o Constitution The Charity is incorporated as a charitable company limited by guarantee and is a re9lStered charity under number 1151323. 11 is governed by a Memofandum and Articles of Association dated 3rd August 2012 as amended by special resolution daled 19th December 2012. Details of the Trustees who served throughout the year and included in the Reference and Administrative Details onPage1. o Methods of appointment or electlon of Trustees The management of the Charity is the responsibllity of the Trustees who arè èlected and co-opted under the terms of the Articles of Association. o Organlsational structure and decislon-rnaklng policies The School is principally fun by the Proprietary Body made up of the Trustees under the chairmanship ol Danlela Shanly. Eath of Ihe members of the Proprietary Body sit on the school's Adwsory Board which oversees the work of the school and helps secure the school's aims, The Advisory Board comprisés a te8m of people who all have a connecllon wilh the school. The Advisory Board meets regularly and keeps abreast of responsibS1ilies. It is strongly Involved in strategic planning so that resources, both human and material are best used to meet the needs of pupils. Daniela Shanly takes overall respon31blllty lor the effective running of the school, working closely wllh the Principal and Headleacher. tt Pollclos adopted for the Induction and tralnlng of Trustees All Trustees of Beech Lodge School are bound by the school's charity policies which include.. Reserves Policy, Rlsk Reglster, Due Diligence Policy, Conflict of Interest Policy, Safeguarding Policy, volunteer Management and Environmental Policy. Induclion and tralnlng is glven in-house and via extern81 specialists including the Independent Schools Association {ISA) Ir8ining. FamiliarizalSon with the roles of Truslees adheres to the charities commission guidelines which include Trustees 6 main duties. o Pay policy for key management pgrsonnel The Founders set the pay of the Headteacher, and Ihe Founders and Headteacher set the pay of other key management personnel. Page 4
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Plans for future periods We are looking to expand our provision by opening anoiher school in Surrey in 202512026 due lo increased demand. We have identified a site in Woking and are progressing with surveys and planning application. The Beech Lodge brand has become synonymous with excellent practice particularly working with care-experienced children who have 8 history of trauma and il is our intention lo replicate our model in Surrey and beyond in the fijlure. Members, Ilablllty Each member of the charitable company undertakes lo conlribule to the assets of the charitable company in Ihe event of It being wound up while they are a member. or within one year after they cease lo be a member, such amount as may be required. not exceeding £1, for the debts and Ilabilities contracted before they ceased lo be a member. Statemont of Trustoes, responslbllltles The Trustees (who are also the directors of the Charity for the purposes of company lawy are responslble for preparing the Trustees, report and the financial sl8lements in accordance with appli¢able law and Unlted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare fi'nancial st8lemenls for e8ch financial year. Under company law, the Trustees musl not approve the financial slatemenls unless they are sallsfied that they give a Ifue and fair view of the slate OF affair5 of'the Group and the Charily and of their Incoming resources and applicalion of resources, including their in¢ome and expenditure, for ihat period. In preparing these financial statements, the Trustees are required to., select suitable aGGounling policies and then apply them consistently,, observe the methods and principles of the Charities SORP (FRS 102)., make judgements and accounting estimates that are reasonable and prLJdenl', slate whether appli¢able UK Accounting Standards IFRS 102) have been followed, subject to 8ny nialerial departures diselosed and gxplained in the financi81 slalemcnls: prepare the financial slalemenls on the going concern basis unless it is in8ppropriate to presume that the Group will continue in business. The Trustees are responsible for keèplng adequate accounting CordS that are sufficlent to show 8nd explain the Group and the Chari s transactions and disclose with reasonable accuracy at any time the financial position of Ihe Group and the harity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardin the assets of Ihe Group and Ihe Charity and hence fortaking reasonable steps for the prevention and detection of raud and other irregularities. Page 5
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) TRUSTEES, REPORT ICONTINUEO) FOR THE YEAR ENDED 31 AUGUST 2024 Namea of trustees who manage the charity L J R Barnes D Szmigielska Shanly S A SzmigielskS D M GSllespie (Appointed 14 May 2024) Disclosure of Informatlon to aud5tor3 Each of the persons who are Trustees at the (ime when thls Trustees, report Is approved has confirned that: so far as that Trustee is aware, there is no relevant audit inform81ion of which the charitable group's audllorg are unaware, and th81 Trustee has lakert all the steps that ought lo have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information. Auditors The auditors, Henlon & Co LLP, have indlcaled their willingness lo continue in orfice. The ¢esignated Trustees will propose a motion rtappointing the'audilors at a meeting of the Trustees. D Szmiglelska Shanly Trustee Dale: 3101 |g025 Page 6
BEECH LODGE SCHOOL LIMITED (A company limsted by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BEECH LODGE SCHOOL LIMITED Opinlon We have audited the financial slalèments of Beech Lodge School Limiled {Ihe 'parent charitable company,) and ils subsidiaries (the 'groLJP') for the year ended 31 August 2024 which comprise the Consolidated slalemen¢ of rinancial aclivilies, the Consolidated balance sheet, the Charity balance sheel, the Consolidated slalemenl of ash flows and the related notes. including a summary of significant accounting policies. The financial reporting framework Ihat has been applied in their preparation is applicable law and United Kingdom Accountirity Standards, including Èinancial Reportlng Standard 102 Thè Financial Rgporting Sfandard applicable in lh6 UK and Republic of Ireland (United Kingdom Generally Accepted Accountlng Practice). Sn our opinion the financial statements: give a true and fair view of the stale of the Group's and of thè parent charitable Cornpany's affairs 8$ al 31 August 2024 and of the Group's incoming resources and application of resources. including ils income and expendlture for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and h8ve been prépared in accordance with the Tequirements of the Companies Act 2006 and the Charlties Act2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs (UK)) and applicable Saw. Our responsibilities under those standards are further described in the Auditors'responsibilities for the audil of Ihe financial st8lem8nls section of our report. We are independent of the Group in 8ccordanc8 wlh the ethical requirements that are relevanl lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we h8ve fulfilled our other ethical responsibilities in accordance with these requirements. We believe Ihal Ihe audit evidence we have obtained is 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 Trustees, use of the going concem basis of accountin9 in Ihe pfeparalSon of the financlal statements Is approprlate. Based on the 'Work we have performed, we have not identified any material uncertainties relating lo events or ondilions that. individually or collectively. may casl significant doubt on the Group's or the parent charitable company's ability to continue as a going concem for a period of al least e1ve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trusteès with r8spect lo going concern are descrlbed In the relevanl seclion5 of this report. Page 7
BEECH LODGE SCHOOL LIMITED {A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BEECH LODGE SCHOOL LIMITED (CONTINUED) Other Informatlon The other information comprises the information included in the Annual report other than the financial statemehts and our AudStors' report Ihereon. The Truslees are responsible for the other information contained within the Annual report. Our opinion on the financial statemenl5 does not cover the other information and, except to the extent otherwise explicilly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other inforrnalion and, in doing so. conslder whether the other information is materially inconsistent with Ihe financial statements or our knowledge obtained in thè cour58 of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material miss181ements, we are required to determine whether this gives rise to a materi81 misslalement in the financial slalements thémselves, If, b85ed on the work we have performed, we conclude that there is a malerl81 misslatementof this other information, we are required lo report that fact. We have nothing lo report in thls regard. Opinion on other matters prescribed by the Companies Acl 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees. report for the financlal year for which the financial slalemenls are prepared is conslslenl wllh the financial slaternenls, the Trustees. report has been prepared in a¢¢ordance with applicable legal requirements. Matter3 on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the charitable company and ils environment obtained in the cours8 of the audit, we have not Idantified material misstatements in the Trustees, report. We have nothing io report in respect of the following matters in relation to whlch Companies Act 2006 requires us to rèport to you if. in our opinion.. the parent charitable company has not kept adequale and sufficient accounting records, or relums adequate for our audit have not been received from branches not visited by us., or the parent charitable company financial slatemenls are not In agreement with the accounting records and relurns- or certain disc105ures of Trustees, remuneration specified by law are not made., or we have not recelved all the information and explanations we require for our audit.. or the Trustees were not entitled to prepare Ihe financial slalements in accordance with Ihe small companies regime and lake advantage of the small Gornpanies. exemption5 in preparing the Trustees, report and from the requiremenl lo prepare a Str8te9ic report. Other matter The financial statements of Beech Lodge School Services Limlted for the current and prior period are unaudited. Page 8
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BEECH LODGE SCHOOL LIMITED (CONTINUED) Responsibilities of trustees As explained more fully in the Trustees, responsibilities slatemenl, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparatlon of the financial st81emenls and for being satisfied that Ihey give a true and fair view, and for such internal control as the Truslees determine is necessary lo enable the i)reparation of finan¢lal slalements that are free from material misslalement, whether due to fraud or error. In pr8paring the financi81 stalemenls, the Trustees are responslble for assessin9 Ihe Group's and the parent charitable company's ability to continue as a going Goncern, disGlosing, as applicable. ma118rs related lo going concem and using the going concern basis of accounting unless the Truslees ellher intend to liquidate the Group or the parent charitable company or lo cease operations, or have no realistic alternative bul lo do $0. Auditors. ro$pon8lbilltles for the audlt of the flnancial statements Our objectives are to obtain reasonable assurance about whether the financi81 statements as a whole are free from malerial misslalemenl, whether du8 to fraud or eiror, and to issue an Audilor5' 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 (UK) w611 always delect a material misstalemenl when il exists. Misslalerr¢ents e8n arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basss of these financlal statements. The extent lo whl¢h our procedure5 are capable of delecllng irregularltles, Includlng fraud15 detalled below.. Audit procedures undertaken In response to Ihe potential risks relating to irregularitles (which include fraud and non-compliance wtth laws and gUlatIonS) comprised of.. enquiries of trustees, management and those charged with gov¢rnance concernlng any actual or polenllal litl9alion or claims. inspeclian of relevanl legal CDrrespondence,' review of boafd minutes., testing the appropriateness of journal entries,. and the performance of analytical remew lo identify unexpected movemenls in account balances which may be indicative of fraud. We dlscussed with the twstees and other management the policles and procedures regarding compliance wilh laws and re9ulalions. We idenlified laws and regulations In planning our work and the audll team were briefed to be alert of any indications of non-complianée throughout the audit. The charity is subject to laws and regulations that directly affect the financial statements, including financial reporting and taxation legislation together with other operational aspecls such as health and safety, employment law and requirements under the General Dats Protection Regulation. We assess thè extent of compliance with these laws and regulation5 as part of our audit proGedures. The potential effect of these laws and regulations on the financial statements varies considerably. Auditing standards limit the required audit procedures to Identify non-compllance with these laws and regulallons to enquire of the trustees and other management and inspection of regulatory and legal corspOndence, rf any. No instances of material non-compliance were identified. However, the likelihood of detecting iffegularities. including fraud, is limited by the inherent difficulty in detecting irregularities. the effectiveness of the charity's onlrols, and the nature. liming and extent of Ihe audil procedures performed. Irregularities that result from fraud might be inherently more difficult lo detect than irregularities that result from error. As explained above. there is an unavoidable risk that material misstalemenls may not be detected, even though the audit has been planned and performed in a¢cordance with ISAS (UK). We are not responsible for preventing non compliance and cannot be expected lo delect non-compliance wlh all laws and regulations. Page g
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF BEECH LODGE SCHOOL LIMITED (CONTINUED) A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at. www.frc.or . uklaudilorsres onsibilities. This descriplion forms part of our Auditors, 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, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. Stuart Heaney Senlor Statutory Auditor For and on behalf of Henton & Co LLP Chartered Accountants Statutory Audltor Stag House Old London Road Hertford Hertfordshire SG13 7LA Page 10
BEECH LODGE SCHOOL LIMITED {A company limited by guarantee) CONSOLIDATED STATEMENT OF FINANCIALACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted funds 2024 Total funds 2024 Tol81 funds 2023 Note Charitable aclivitles Other trading activities Total incomo 3,830,837 1,605 3,830,937 1,605 3,395,559 2,835 3,398,394 3,832,442 3,832,442 Exponditure on: Raising funds Charitable aGlivilles 10,759 3,728,874 10,759 3,728,874 9,OTO 3,341, 665 Total expendlture 3,739,633 3,739,633 3,350, 735 Net movement In funds 92,809 92,809 47,659 Reconclllatlon of funds: Total funds brought forward Net movement in funds 485.270 92,809 485,270 92.809 497,611 47,659 Total funds carried forward 578,079 578,079 485, 270 The Consolidated slalemenl of financial activlties includes all gains arKf losses recognised in ihe year. The notes on pages 15 to 33 form part of these financial stsl8menta. Page 11
BEECH.LODGE,SCHOOL LIMITED {A company limited by guarantee) REGISTERED NUMBER: 08168311 (England and Wales) CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note Fixèd assats Intangible 8ssets Tangible assets 10 4,079 102,745 S,302 143,588 106,824 148,890 Current assets Debtors C85h al bank and in hand 13 594,270 1,3¥0,560 1,491,497 293, 608 1,924,830 I, T85, 105 Creditors.. amounts falling due within one year 14 11,453,575) (t.448.725) Net current as8etS 471,255 336.380 Total assets less current Ilabililies 578,079 485,270 Total net assets 578,079 485, 270 Charity funds Unrestricted funds 15 578,079 485,270 Total fund 578,079 485,210 The Trustees acknowledge their responsibilities for complying with the requirements of the Act wllh respect to accounting records and preparallon of financial statements. The financial slatemenls have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial stslerrienls wer& approved and authorized for i55ue by the Trustees and signed on their behalf by.. zmigielska Shanly Tru51ee Date.. 3101 / go2( The notes on paoes 15 to 33 form part of these financial statements. Page 12
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) REGISTERED NUMBER: 08168311 (England and Wales) CHARITY BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note Flxed assets Tangible assets Investments 11 12 88,148 126,071 88,150 .126,073 Current as¥ots Debtors 13 731,257 1,295,894 1,621,932 265,848 Cash at b?nk an¢ in hand 2,027,151 7,887,780 Crédilors.. amounts f811ing due withln one year 14 (1,426,338) (1,429, 103) Net current assets 800,813 458,677 Total assets less current liabSllties 688,963 584,750 Total net assets 688,963 584, 750 Charity funds Unrestri¢led funds 15 688,983 584, 750 Total funds 688,963 584, 750 The Trustees aGknowledge their responslbililles for complying with the requirements of the Act with respect to accounting records and proparation of financial slatem8nls. Thè financial tateMentS have been prep8red in accordance wilh the provisions appllcable to entltles SLtbject to the Small companies regime. The financial stalemenls were approved and aulhorised tor issue by the Tfustees and slgned'on thelr behalf by.. D Szmigielska Shanly Date: 51cy1202¥ The notes on pages 15 10 33 form part of these financial slalements. Page 13
BEECH LOD.GE SCHOOL LIMITED (A company limited by guarantee) CONSOLIOATED STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 AUGUST 2024 Note 2024 Cash flows from operatlng actlvltlos Nel cash used in operating aclivilles 17 1,055,910 (86,620) Cash flows from Investlng actlvltles Purchase of tangible fixed assets 118,958) (55,611) Net ¢a3h Used In Intréstlng actlvltles {18,958) (55,611) Cash flows from flnancing act5vllie$ Net cash provided by flnanclng actlvitles Change In cash and cash equlvalents In the year Cash and.cash equivalents at the beginning of the year 1,036,952 (142, 231) 435,839 293,60B ash and cash equlvalents at th• end of the year 18 1,330,560. 293,608 The noles on Pages 15 10 33 form part of these financial slalemenls P.age 14
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies 1.1 Basis ol preparation of financial statements The financial statements have been prepared in accordance w(th the Charities SORP {FRS 102) Accounting and Reporting by Charitles-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republi¢ of Ireland (FRS 102). the Financial Reporting Standard applicabl8 Sn the UK and RepubliG of Ireland (FRS 102) and the Companies Act 2006. Beech Lodge School Limited meets the definition of a public benefit entity under FRS 102. Assels and liabllities are inltially recognlsed al historical cost or transaction value unless otherwise staled In the relevant accounting pollcy. The Consolidated statement of flnancial 8CtSvitl8s (SOFA) and Consolidated balance sheet consolidate Ihp financial statements of Ihe Group and its subsidiary undertaking. The rèsults of the subsidiary are consolidated on a line by Ilne basis. The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 ond has not presented Its own Slalemenl of financial actSvilies In thes8 financial stalemenls. 1.2 Company status The Charity is a cornpany limited by guarantee. The members of the company are Ihe Trustees named on page 1. In the event of the Charity belng wound up, the liability In respect of Ihe guarantee is limited lo £1 per member ol the Charity. 1.3 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance ol the general objectives of the Group and lch have not been deslgnaled for other purposes. 1.4 Golng concèrn The Trustees assess whether the use of going concern is appropriate. l.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concem. The Trustees make Ihis assessment in respect of a period of at least 12 months from the date of authorisalion of the financial statements. The charity has nel current assets of £600.813 at 31 August 2024, and together with budgets for the following periods. the trustees do not consider there are any material uncertainties in respect of going concern. Page 15
BEECH LODGE SCHOOL LIMITED (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollcies (continued) 1.5 Income All income is recognised once the Charity has enlillemenl to the income. il is probable that the income will be received and the amount of income re¢eivable can be measured reliably. Donated 5ervice5 or facilities are recognised when the Charity has control over the item, any conditions associated with the donaled item have been met, the receipt of Èconomic benefit from th.e use of the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognlsed and.rèfer lo the Trustees, report for more information about their contribution. On receipt, donated professional services and donated facilities arè recognised on the basis of the value of the gift to Ihe Charity which is the amounl the Charity would have been willing lo pay to obtain services or facilities of equivalent economic benefit on the open markel,. a corresponding amount Ss then recognised in expenditure in the perlod of re¢èipi. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenanl Is recognised al Ihe lime of the donalion. Income tax recoverable in relation lo investment income is recognised al the lime Ihe investment income is receivable. Other income is recognised in the period in which it is receivable and lo the extent the goods have been provid8d or on completion of the servicg. 1.6 Expenditure Expendilure is recognised once there is a legal or conslruclive obli9alion lo Ironsfer. economic benefit lo a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by actlvity. The Costs of each activity are made up of the total of direct costs and shared costs, inr.Iiiding support costs involved in undertakinq each activity- Direct costs attributable to a single activity are allocated directly lo that a¢livily, Charitable activities and Governance costs are costs incurred on Ihe Charity's operations, including support costs and costs relating to the governance of the Charity apportioned to charilable aclivilies. 1.7 Tangiblefixed assets and depreciation All assets costing more than £500 are capitalised. A review for impairment of a fixed asset is carried out if event5 or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortlalls beeen the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial acbvities. Page 16
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting poltcies (continued) 1.7 Tanglble flxed assets and depreclatlon (eontlnued) Tangible fixed assets are carried al ¢osl, net of depreciation and any provislon for impairment: Deprecialion is provided al rates ¢alculaled to write off the cost of fixed assets, 18ss Iheir estimated residual value. over their expected useful lives oh the following bases.. Motor vehicles Fixtures and fillings Computer equipment 25% slraighl line 33 % straight line 250/0 slraighl line 1.8 Investments Fixed asset investments are a forni of financial instrument and are initially recognised al their transaction cost and subsequently measured al fair value al the Balance sheet date, unless the value cannot be measured reliably in which case il is measured al cost less impairment. Investmenl galns and losses. whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on investments. in the Consolidated stslement of finanGial activities. Inveslménls in subsidiaries are valued 81 cost less provision for impairment. 1.9 Interest receivable Inleresl on funds held on deposit is included when receivable and the amount can be measured réliably by the Charity; this is normally upon nolification of the interest paid or payable by the Bank. 1.10 Operatlng leases Rentals paid under operating leases are charged to the Consolidated ststement of financial activities on a straight Ilne basis over the lease term. Benefits recelved and recelvable as an Incentive to slgn an operating lease are recognised on a straight lin8 basis over th8 period unlil the date the rent is expected to be adjusted to the prev8iling market rate. 1.11 Debtors Trade and other debtors are recognised al the settlement amount after any trade disÈount offerèd, Prepayments are valued at the amount prepaid net of any trade discounts due. 1.12 Cash at bank and In hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from Ihe date of acquisition or opening of the deposit or similar account. Page 17
BEECH LODGE SCHOOL LIMITED (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2024 Accountln# policies Icontinuedl 1.13 Llabilitles and provislons Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past. event. il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates il will pay lo settle the debt or the amount il has recèived as advanced payments for the goods or services it musl provide. Provisions are measur6d al the best estimate of the amounts required lo settle the obli9alion. Where the effect of the lime value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specifi¢ to the liability. The unwinding of the discount is recognlsed withln interest payable and similar charges. 1.14 Financial instruments The Group only has flnanclal assets and flnancial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al Iransaclion value and subseqLJenily measured al their seltlemenl value with the exception of bank loans which are subsequently measured al amortised cost using lh6 effective interest method. 1.15 Pensions The Group operates a deflned contribution pension scheme and the pension charge represents the amounts payable by the Group to the fijnd In respect of the year. Retirement benefits to employees of the School are provided by the Tea¢her's Pension Scheme {'TPS'I. Thi5 is a defined benefit scherhe. contracted out of the Slate Earning5-Relaled Pension Schemè {'SERPS'), and the assets are held separately from those of the Charity. The TPS is an unfunded scheme and contributions are calculated so as lo spread the cost ofpensions over employees, working lives wth the Charity in such a way that the pension cost 15 a substantially levèl percentage of current and future pensionable payroll. The contributions are delerrnined by thg Govemmenl Actuary on the basis of quinquennlal valucilioiis using a pr05peclive bencfit method. As stated in note 22, the TPS is a multi employer scheme and the Charity is unable to identify ils share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis. The TPS is therefore treated as a (iefine contribution scheme and the contributionsreGogni5ed as they are paid each y8ar. 1:16 Intangible asset5 and amortisalion Intangible assets are capitalised and recognised v4hen future economic benefits are probable and the cost or value of the asset can be measured reliably. Intsngible assets are initially recognised at cost. After recognition, under the cost model, intangible asset5 are measured al cost less any accumulated amortisation and any accumulated impairment losses. Page 18
BEECH LODGE SCHOOL LIMITED (A company limitpd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policles (continued) 1.16 Intangible assets and amortisatlon {contlnugd) Amortisation is provided on intangibl& as58t5 al rales calculated lo write off the cost of each asset on a slraight-line basis over ils expected useful life. The estimated useful Ilves are as follows.. Developmenlexpendilure Trademarks 10 years 10 years Critical accounting estimates and areas of Judgemenl Estimates and judgements are continually evaluated and are based on hislorical experience and other factors, including expeclglions of future 8venls that are believed lo be reasonable under the ircumstances. Crltical accounting esllmales and assumptions.. The Charity makes eslimales and assumptions concerning the future. The resulting accounllng estimates and assumptions will, by definition, seldom equal Ihe related actual results.. The estimates ané assumpiions that have a significant risk of causing a material adjuslmenl to the carrying amounlF of assets and liabilities within the next financial year a discussed below. The Trustees do not consider there to be any critical accounling estimates or judgments used in preparing the financial statements. Income frorn charitable activitles Unrestritted funds 2024 Total funds 2024 Tolal funds 2023 Fee5 receivable 3,830,837 3,830,837 3,395,559 Tol812023 3,395,559 3,395.559 Page 19
BEECH LODGE SCHOOL LIMITED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Income from other trading gctivities Incomè from non charitable tradlng actlvlties Unrestricted funds Total funds 1024 fund& 2Q23 Income from trading subsldiary 1,605 1,605 2,835 Tot812023 2,835 2,835 Analysis of expenditure on charitable ctivStie5 Unrestricted funds 2024 Total 2024 Total 2023 Provlsion of education 3,728.874 3,728,874 3,941,665 rotal 2023 3,341,665 3.341,665 Page 20
BEECH LODGE SCHOOL LIMITED (A company limited by guorantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2024 Analysis of expenditure.tyy activiti¢s Actlvitie$. Undertaken dIre[Y 2024 Support costs 2024 Total funds 2024. Tolal Provlsion ot education 2,868,438 860,436 3,728,874 3,341,665. 2023 2,557,316 790,349 3,341, 665 Analysls of direct costs Total funds 2024 ..rolal funds 2023 Wages and salaries D¢precialion Staff development Èducaliortal consultan¢y Educational supplies Speech th¢rapy arid consullancy 2,306,122 58,757 34,184 392,009 75,659 3,707 2,032,601 50,893 32.065 327,850 99,311 8,596 2,86è,438 2,551,316 Page 21.
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR TfrIE YEAR ENDED 31 AUGUST 2024 Analysis of.oxpendilura by activitigs {co.ntinyed} Analysis of support. costs Total funds 2024 Tolal 2023 Wages and salaries Staff development Technology costs Maintenance ofpremisqs and equipment Rent and rates Administrative supplies Legal and professional Insurance Other support costs 353,550 10,283 27,271 45,482 255,288 29,850 40,006 32,055 237,996 9,805 36,927 68, 750 226, 790 23,$93 25,514 40,414 120,560 860,436 790,349 Auditors. remuneration 2024 2023 Audit Non-audit services 12,500 2,250 14,000 2,070 14,750 16,070 Staff costs Gtoup 2024 Charit 2024 hèrify 2023 2023 Wages and salaries .Social security costs Oiher pension costs 2,134,384 207,616 317,672 1,843,619 175,048 251, 930 2,134,384 207,616 317,672 1,843.619 175,048 251, 930 2,659,672 2,270,597 2,659.672 2,270,597 Page 22
BEECH LODGF SCHOOL LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Staff ¢05ts (continuéd) The avèrage number of pèrsons employed by the Charity during the year was as follows- Group 2024 Group 2023 Charity 2024 Chanty 2023 Edu¢atlon 66 62 66 62 The number Of employees whose employee benefits (excluding employer penslon costs) exceeded £80,000 was: Group 2024 Group 2023 No. In Ihe band £60,001- £70.000 In the band £70,001- £80,000 In the band £80,001- £90,000 In the band £90,001- £100,000 The key management personnel of the charitable company are th8 Principal and Headteaching group; The total amount of employee beneflls (Includlng employer natlonal insurance and pension contrlbulions) received by key management personnel for their services was £433,.225 (2023: £305,752), Trusteea, remuneratlon and expènses During the year ended 31 Augusl 2024, no Tnjstee expenses have been incurred (2023- £NIL). Page 23
BEECH LODGE SC'AooL LIMITED (A company limited by guarantee) NQTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024. 10. Intangible assets Group Development. Tradematk& Al 1 September 2023 8,428 3,806 At 31 August 2024 8,428 Amortlsatlon At 1 September2023 Char9e for the year 2,155 380 6,932 1,223 843 Al 31 August 2024 5,620 2,535 8,155 Net book value Al 31 August 2024 2,808 1,271 4,079 .A't 31 Augusl 2023 3,651 1,651 5,302 P8ge 24
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 11. Tangible fixed assets Group Motor Flxtures and vehicles fittings omputer equipment Total Cost or valuatlon At 1 September 2023 Additions 10,450 227,706 6,939 160,811 12,019 172,830 398,967 18,958 Al 31 August 2024 10,450 234,645 417,925 Depreclatlon At 1 September 2023 Charge for the year At 31 August 2024 5,638 2,613 125,892 35,886 161,778 123,849 21,302 145,151 255,379 59,801 8,251 315,180 Net book value Al ?1 August 2024 2,199 72,867 27,679 102,745 Al 31 Augusl 2023 4,812 101,814 36,962 143, 588 Page 25
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) NQ,TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 11. Tangible fixed assets (continued) C-harlly Motor Flxtures and Cornputar vehicles fittings equipment Total Cost or valuation At 1 Sepiember2023 Additions 10,450 198.510 6.939 160,811 12,019 172,830 369,771 18,958 388,7.29 At 31 August 2024 10,450 205,449 Depreciatlon Al 1 September 2023 Charge for the year Al 31 August 2024 5,638 2,613 114,213 32,966 147,179 123,849 21,302 145,151 243,700 56,881 8,251 300.581 Nét book value At 31 August 2024 2,199 58,270 27,679 Al 31 Augusl 2023 4.812 84.297 36,982 126,071 Page 26
BEECH LODGE.SCHOOL LIMITED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Fixed asset investments Ipvestments in subsidiary companies Charity Cost or valuatioD At 1 September 2023 ,Al 31 August 2024 Princlpal subsidiarles The following was a subsidiary unde'rtalsing of the Charity; Name Company Hol¢lng numbe'r Included In consolidation Beecb Lodge School Services Limlted 7863609. 10001, Yes the fin8nclal SlIS of the subsidla,ry for th8 year were.. Namé Incomé Expenditure Loss for the year Net {liabilities) Beech Lodge School gervicég Limited (13,007) (11,4041 (110,882) Page 27
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. Debtors Group 2024 Group 2023 Charity 2024 Charity 2023 Trade debtors Amounts owed by group Other debtors Prepayments and accrued Income 564,393 1,470,546 564,393 136,994 5,804 24,066 731,257 1.466,237 134, 744 5,811 24,086 594,270 20,951 20,951 1.621,932 1.491,497 14. Creditors: Amounts falllng duo wlthln one year Group 2024 Group 2023 Charity 2024 Charity 2023 Trade creditors Amounts owed lo related partles Other 18xalion Snd social security Other creditors Accruals and deferred income 65,772 10,165 52,956 66,106 1,258,576 78,562 61,675 74,464 49, 753 55,290 1,265.120 52,956 64,968 1,246,739 49,612 54,152 1,250,875 1,453,575 1,448, 725 1,426,338 1,429, 103 Group 2024 Group 2023 Charlty 2024 Ch8rity 2023 Deferd income at beqinninq of Deriod Resources deferred durlnq the period Amounts released from prevlous periods 1,235.205 1,145,339 1,235,205 1,145,339 1,231,240 1,235,205 1,231,240 1.235. 205 (1,235,205) (1, 145,339) {1,235,205) {1, 145,339) 1,235, 205 1,231,240 1,235,205 1,231,240 Deferred income arise5 gs a result of the Chadty invoicing term fees in advance. Page 28
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 15. Statement of funds Statement of funds - current year Balance at 1 September 2023 Balance at 31 August 2024 Income Expenditure Unrestrlcted filnds ReseNes Trading subsidiary 584,750 199,4801 3,830,838 (3,726,625) 688,963 1,605 (13,009) (110,884) 485,270 3,832,443 13,739,634) S78,079 Statomant of funds- prlor yaar Balance at I Septemb8r 2Q22 8818nce 8t 31 August 2023 Incom8 E¥pendllure Unrestrlctod funds Reserves Tradin) subsidiary 528,606 3,395,559 13,339,415} 190.995) 2.835 (11,3201 584,750 199,4801 437,611 3,398,394 {3,350,7351 485,270 16: Analysis of net assets between lunds Analysis of net assets between funds - current year Unrestricled Funds 2024 Total funds 2024 Tangible fixed assets Intangible fixed assets Current a55els Creditors duè within one year 102,74S 102,745 4,079 4,079 1,924,830 1,924,830 {1,453,5751 {1,453,5751 Total 578,079 578,079 Page 29
BEECH LODGE SCH.OOL LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 18. Analysls of cash and cash equivalènts Group ,2024 Group 2023 Cash in hand 1,330,560 293,608 Tptal cash and cash èquivalents 1,330,560 293,608 19. Analysls of changes'in net debt S8pternbpr At31 2023 Cash flows August 2024 Cash al bank and in hand Debt due wlhin 1 year. 293,608 {75,000) 1,036,952 1,330,560 (75,000) 218,608 1,036,952 1,255,560 P8ge J1
BEECH LODGE SCHOOL L'IMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 20. Ponslon commitments Teachers. Pension Scheme Introduction The employers, pension costs paid to the Teachers, ,Pension Scheme {TPS or scheme) in the year amounted to £317,672 (2023., £251.9301. The TPS is a statutory, unfunded, defined b8nefil occupational scheme, governed by the Teachers. Pension Scheme Regulations 2014. Membership is automatic for full-lime teachers and leCtur$ and. from 1 January 2007, automatic too for teachers and lecturers in part-time employment following appointment or a change of contract. Teachèrs and lecturers are able to opi out of the TPS following enrolmenl. The TPS is an unfunded scheme to which both the member and employer makes contributions, as percentage of salary - these contributions are Grediled lo the Exchequer. Retiremenl and other pension benefits are paid by public funds provided by Parliament. Valuation of Teachers. Pension Scheme The Government Actuary, using normal actuarial principles, Gonduct5 a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The aim of the review is to ensure scheme costs are recognised and managed approprlalely and the review specifles the level of future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as al 31 March 2020. The valuation report was publSshed by the Department for Education on 27 Oclober 2023, with the SCAPE rate, sel by HMT, applylng a notional Inveslmenl return based on 1.7•/D above the rate of CPI. The key elements of the valuation outcome are: Employer conlribulion rates set al 28.68Vo of pensionable pay (including a 0.080/0 admlnislratlon levy}. This is an increase of 50/0 in employer contributions and the cost control result is suGh that no change in member benefits is needed. Totsl scheme liabilities {pensions CurntIY in payment and the estimated cast of future benefits) for seNice to the effective dale of £262,000 million and notional assets {estimatpd fuliire. conlributs'ons together wilh the notional investments held al the valuation date) of £222,200 million, giving a notional past service deficit of £39,800 million. The result of this valuation will be implemenled from 1 April 2024.The next valuation result is due to be irnplemented from 1 April 2028. A copy of the latest valuation report can be found by following this link lo the Tedchers, Pension Scheme website: hllps'.Ilww.leacherspensions.co.uklnewslemployers1201910411eachers-pensions-valualion- report.a5PX. Under the definitions sel out in FRS 102, the TPS is 8n unfunded inulti*mployer pension scheme. The charity is unable to identify its share of the unéerlying assets and liabilities of the plan. Accordingly. the charily has taken advantage of the exemption in FRS 102 and has accounted for ils contributions to the scheme as if ilwere a defined contribution sGheme. The charity has set out above, the information avallable on the scheme. Page 32
BEECH LODGE SCHOOL LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 21. Operatlng lease commitments Al 31 Augusl 2024 the Group and the Charliy had cothmilments to make future minimum lease payments under non-cancellable operating leases as follows-. Group 2024 Group 2023 Charity 2024 Charity 2023 Not later than 1 year L81er than 1 year and not later than 5 years 33.000 198,OCrf) 33.000 33,000 198,000 33,000 33,000 231,000 33,000 231,000 22. Related party transactions M Shanly is husband ofD Szme¢gielska Shanly and a direclorof Shanly Homes Limited lo which Beech Lodge School Limited pald £708 (2023.. £3.093) in the year for mainlenan¢e and other costs. Al the balance sheet dale £11912023.. £Nil) was payable to Shanly Homes Limited. M Shanly is a Dlreclor of Beech Lodge Propèrties Llmited lo which B8ech Lodge School LimSled paid £198,00012023.' £198,000) in the year for rental of property and £33712023.. £10,998} in the current year for insurance and other expenses. At the Balance Sheet dale £41412023: £648) was owed lo 8eech Lodge Properties Limited. D Szmeigielska Shanly and L J R Barnes are controlling directors of Apprenticeshop CIC. The charity holds funds on behalf of the Community Interest Company. An amount of £4,708 {2023.' £Nil) is included wilhin other debtors. Page 33