THE RINGWOOD WALDORF SCHOOL
COMPANY NUMBER: 08645246
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2024
Introduction
The Trustees present their annual report and the audited financial statements for the year
ended 31 August 2024.
The legal and administrative information set out on below forms part of this report. The
financial statements comply with current statutory requirements. the Memorandum and
Articles of Association, the requirements of the Charities Act 2011, the Charities SORP (FRS
102) and the Companies Act 2006.
Reference and administrative details
The organisation is a charitable company limited by guarantee, incorporated on 9 August 2013
and registered as a charity on 25 September 2014.
The company was established under a Memorandum of Association, which established the
objects and powers of the charitable company and is governed under its articles of association.
Registered Company Number
Registered Charity Number
08645246
1158673
Principal I registered address
Ringwood Waldorf School, Folly Farm Lane. Ashley,
Ringwood, Hampshire. BH24 2NN
Directors l Trustees during the year
and to date:
S Wilson-Devane (resigned 20 Aug 2024.
reappointed 5 Sep 2024,. resigned 18 Nov 2024)
E Wilmar (resigned 30 Sep 2023)
A Walker (resigned 30 May 2024)
R Jukes (resigned 25 Aug 2024)
G Patrick
H Vekria
A Dunford (appointed 25 Mar 2024)
D Samann (appointed 25 Mar 2024)
S Crook (appointed 25 Mar 2024)
L Dawes (appointed 12 Nov 2024)
P Coote (appointed 20 Nov 2024)
A Mantzouratou (appointed 20 Nov 2024)
Bankers
Triodos Bank, Deanery Road, Bristol, BS15AS
Lloyds Bank, 25 Gresham St, London EC2V 7HN.
Auditors
Knight Goodhead Limited. 7 Bournemouth Road,
Chandler's Ford, Eastleigh, Hampshi￿. S053 3DA

RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2024
Structure Govemance and Mana
ement
Governing Document
The charity operates under a Memorandum and Articles of Association.
Appointment, Retirement and Training of the Trustees
There are currently eight active trustees. We welcome additional suitable trustees to join.
Interested parties are welcome to contact us by email to find out more about becoming a
trustee.
The Trustees retire by rotation after three years of service, but may offer themselves for
reappointment at the annual meeting of the members of the association. Trustees take a break
from offi'ce every six years, unless it is deemed by the Trustees to be in the Interests of the
Charity that they remain.
Members
We invite all parents and guardians of pupils in the school to become members of the charity.
Membership is also open to other individuals connected to the school. The members will be
consulted as appropriate on matters related to the school and will be invited to the school's
annual general meeting. The trustees welcome views and ideas from members for the
wellbeing of the school.
Governance of the Charity
The trustees have specific roles underpinned by the requirements of the Charity Commission,
Department for Education and the school's Articles of Association. The Deparlment for
Education also holds the Board accountable for some areas of school operation. The board
has overall accountability for governance, operation, finance, and each trustee is assigned
responsibilities based on herlhis skills and experience.
Leadership in the School
The responsibility for strategic operational leadership of the school is held by the School
Leadership Team (SLT), who delegate day to day management of the school to the School
Management Team {SMT), whose members are made up entirely of staff.
The Management Team is chaired by the School Lead. The leadership and management
areas of responsibility cover operational areas such as cufficulum, quality of education. human
resources, finance, safeguarding, administration, data protection, health and safety and
communication.

RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2024
Students
The students of the whole school are the major stakeholders and all the activities are carried
out in their interest and for their benefit. There are currently around 254 students (Dec 2024)
and the school has capaGlty for more in most classes. Efforts are made to increase the total
number of students at the school.
Parents and Community Group
The community group is run by the parents. It is responsible for organising events and raising
funds for the school. Their work is essential both in terms of supporting the school and
creating a close and caring community.
The school is fortunate to benefit from a very supportive, dedicated and committed group of
parents who 0ft8n give their time and lend skills to further enhance the school. They help the
school in many areas including maintenance, gardening, cleaning and fundraising. Equally
important they are creating a viable and caring school community and their work is very much
appreciated, as their involvement with the school creates an abundant Cultu￿ of support.
Risk Management
The Trustees have given consideration to the major risks to which the charity is exposed, as
set out in these reports. and are satisfied that systems and procedures are in place to manage
those risks or that action is being taken to estsblish such systems and procedures.
cts of the Charit
Our Objective
The charitable aim of the school is the advancement of education for the public benefit. Our
objective is to offer a broad and balanced curriculum for Ghildren up to 18 years of age,
according to the principles of Dr Rudolf Steiner (1861-1925).
We endeavour to support those connected with the school to engage with the activities.
experience the cultural benefits and further understand the purpose behind our Waldorf
Education offer.

RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2024
Our Wision
We aim to provide an educational environment where each student can develop and fulfil his
or her potential, building their Self-confiden￿ and instilling a desire to contribute to the wider
community. In doing so, we prepare our students for the opportunities. responsibilities and
experiences of later life.
Dynamic and responsive to the needs of our community, we are focused on becoming a ￿ntre
of excellence for Steiner Waldorf Education in the UK.
Background
In May 2015, Ringwood Waldorf School devolved from The Shelling Trust and became an
independent charity. Today the school provides Steiner Waldorf Education to approximately
250 pupils supported by a parent and child group, and is a full member of the Steiner Waldorf
Schools Fellowship in the UK.
The history of the school goes back to 1974 when Christine Polyblank founded the school with
just 6 pupils. providing Steiner Waldorf education. Situated on the DorseVHampshire border,
close to the river Avon and the New Forest, the school enjoys purpose-built facilities for
teaching and recreation and a separate kindergarten for younger children.
The social practices of the school are based on the 'Three-fold Social Order 'as developed by
Rudolf Steiner. The Three-fold Social Order recognises and distinguishes between cultural,
legal and economic realms of society and describes relationships between them. This also
underpins the educational aims and the management practices in the school.
Public Benefit
As an independent school. Ringwood Waldorf School is totally reliant for incorne on parental
contributions, donations and the proceeds of fundraising activities. The parental contributions
are dedicated to the whole community for the benefit of all to enable the education of the
children and, over time, to meet the agreed Community Development Goals. An important part
of the school's philosophy is that, where possible, the education should be open to, and
affordable for all applying families that demonstrate a connection to and understsnding of the
education.

RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2024
Achievements and Performance
As an independent school, Ringwood Waldorf School is totally reliant for income on parental
contributions, donations and the proceeds of fundraising activities. The parental contributions
are dedicated to the whole community for the benefit of all to enable the education of the
children and, over time. to meet the agreed Community Development Goals. An important part
of the school's philosophy is that. where possible. the education should be open to. and
affordable for all applying families that demonstrate a connection to and an understanding of
the education.
We have maintained a good financial position in the past year and took the decision to raise
staff salaries in September 2024 by 7.50/0 This was a big step towards our objective. We are
long term budgeting for further increases in our basic salary to raise the standards of living for
our staff. We achieved a small profit, which was due to continued engagement with the school
community and creating efficiencies via the financial policies that have been put into pla
over the last couple of years. We are confident that the school is running on a stable trajectory
currently and ensuring the reserves policy is met.
Running concurrently to the main school budget, we have community events to fundraise for
our 'Development Fund,. This is an allocated pot of money administered by the community
group to support building projects, and occasional spending on elements that will further offer
the school. We are lucky enough to have an engaged parent group experienced in fundraising
who have set up a specific fundraising charity to support the needs of the school through
targeted funding claims from national and international funding bodies. The fundraising efforts
are aligned with the School Management's plan for long term development of the school.
Sept 24, we saw the fruits of our investment in the kindergarten project. We had a healthy
number in Class 1, furthermore the potential students for Sept 25 and Sept 26 are looking
promising. This gives us great Confiden￿ to build towards the next stage of our school growth.
The 'little kindy, has been completed and thriving with a healthy intake.
At the time of writing this report (Dec 24), the target number of children was at 250. The
challenge we face currently is the impending changes to the independent schools due to the
budget chang8s in Oct 24. We will see a rise in our families costs due to the Jan 25 levy of
VAT on school fees, the school will see an increased cost of Nl and an uplift in business rates.
These are all challenges which with the help of the community and our reserve funds we
should be able to overcome.

RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2024
Future Plans
At the other 'end' of the school we are beginning to cost and scope the school extension
project to complete Kier Polybank's vision for a whole purpose built school. The current upper
school buildings have planning permission to expand into a two-story block of classrooms.
We will continue to strengthen the financial situation of the school whilst supporting our school
community in overcoming the challenges they face with VAT and high interest rates.
The school board has made a concerted effort to increase our school reach to the wider public
by investing in marketing greatly. We are confident this will attract more pupils into our school.
We have the staff structure to support this growth.
We will continue to ensure the salaries increase annually, this is a commitment we
wholeheartedly support and will do everything we can to manage this whilst maintaining the
financial viability of the school.
In addition to all the important things we are already doing in the school on a day to day basis,
the trustees will give special attention to the following four key priorities:
1. Further develop the quality of all staff and hence our education by strengthening our HR
and performance management, with a focus on the Upper School for 2025.
2. Increase the income of the school in order to ensure that we have a healthy (small surplus)
financial situation.. aiming for at least 11 new pupils each year.
3. Continue to implement a clear management, governance and organisational structure for
RWS.
4. Be compliant with applicable regulations and guidelines and return the school to an Ofsted
rating of 'Good'.
Financial review
For the financial period ended 31 August 2024 the charity made a surplus of £47,478 (2023:
deficit of £57,551). Funds at 31 August 2024 total £3,377,875 (2023.. £3,330.397) of which
£3,038,059 relate to designated funds (mainly represented by property). General funds total
£339,816 (2023: £300,987) which represents two to three months, worth of expenditure.

RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2024
Reserves Polic
In order to be able to pay the short-term liabilities (less than 3 months) the trustees aim to
have a minimum amount of Gash available at any moment in time of at least three months,
costs. Over the years we have been wnning on a costs basis of around £1,600,000 per year.
Based on these historic numbers we aim to hold a minimurn amount of £400,000 in cash on
the schools Gash accounts.
On 31 August 2024 the cash at bank and in hand was £436,687, meeting this target.
statement of Res
onsibilities of the Trustees
The trustees are responsible for preparing the annual report and the financial statements in
accordan￿ with applicable law and United Kingdom Generally Accepted Accounting Practice
(UK GAAP).
The trustees are required to prepare the annual report and financial statements for each
financial year, whiGh give a true and fair view of the state of affairs of the charitable company
and of its incoming resources and application of reSoUr￿s, including income and expenditure,
for the period. In preparing those financial statements the trustees are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards and statements of recommended
practice have been followed, subject to any material departures disclosed and
explained in the financial statements. and
prepare the financial statements on a going concem basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records which disclose with
reasonable acGuracy at any time the financial position of the charity and which enable them
to ensure that the financial statements comply with the Companies Act 2006. The trustees are
also responsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other iThegularities.
So far as the trustees are aware, there is no relevant audit information (information needed
by the company's auditors in connection with preparing their report) of which the company's
auditors are unaware. Each trustee has taken all the steps that he ought to have taken as
trustee in order to make themselves aware of any relevant audit information and to establish
that the company's auditors are aware of that infonnation.

RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
TRUSTEES ANNUAL REPORT FOR THE PERIOD ENDED 31 AUGUST 2024
This report has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies, and complies with the charity's governing
docurnent and The Statement of Recommended Practice: Accounting and Reporting by
Charities using FRS 102.
Approved by the trustees and signed on their behalf by:
Harry Vekria
On behalf of the Board of Trustees
lÈf

INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF THE RINGWOOD WALDORF SCHOOL
OPINION
We have audited the financial statements of The Ringwood Waldorf School for the year ended 31 August
2024 on pages 13 to 25, which comprises the Statement of Financial Attivities, the Balance Sheet, the Cash
Flow Statement and the related notes, 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 Standards, including Financial Reporting Standard 102: The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion:
the accounts give a true and fair view of the state of the charitable company'5 affairs as at 31 August
2024 and of the income and expenditure of the company for the year then ended;
the accounts have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,. and
the accounts have been properly prepared in accordance with the requirements of the Companies Act
2006.
BASIS FOROPINION
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) 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
charitable company in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, and
we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accou nting in the prepa ration 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 collectivelyi may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least 12 months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.

INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF THE RINGWOOD WALDORF SCHOOL
OTHER INFORMATION
The trustees are responsible for the other information. The other information comprises the information
included in the annual report other than the financial statements and our auditor's report thereon. Our
opinion on the financial staternents does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form 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 incDn51Stent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatement5, we are required to determine
whether there is a material mi55tatement in the financial statements or a material misstatement of the other
information. If, based on the work we have performed, we conclude that there is a material misstatement of
this other information, we are required to report that fact.
We have nothing to report in this regard.
mA￿ERs ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been
received from branches not visited by us;
the 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 obtained all the information and explanations nece55ary for the purposes of our audit.
RESPONSIBILITIES OF THE TRUSTEES
As explained more fully in the statement of responsibilitie5 of the trustees set out on page 6, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true and
fair view, and for such internal control as they determine 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 trustees are responsible for assessing the charitable company's
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 company or
to cease operations, or have no realistic alternative but to do so.
10

INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF THE RINGWOOD WALDORF SCHOOL
OUR RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
We have been appointed 35 auditor under Companies Act 2006 and report in accordance with the Act and
relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our
opinion. Reasonable assurance 15 a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISA5 IUKI will alway5 detect a material misstatement when it exi5t5. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilitie5, Outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below:
The engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regu lations.
We identified the laws and regulations applicable to the charitable company through discussions with
trustees and other management and we assessed the extent of compliance with the laws and regulations
identified above through making enquiries of management and inspecting legal correspondence.
We assessed the susceptibility of the charitable company's financial statements to material misstatement,
including obtaining an understanding of how fraud might occur, by making enquiries of management as to
where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged
fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws
and reEulations.
To address the risk of fraud through management bias and override of controls, we performed analytical
procedures to identify any unusual or unexpected relationships, tested journal entries to identify unusual
transactions and investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed
procedures which included, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation,.
reading the minutes of meetings of those charged with governance", and
enquiring of management as to actual and potential litigation and claims.
11

INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF THE RINGWOOD WALDORF SCHOOL
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-
compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws
and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal
correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as
they may involve deliberate concealment or collusion.
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.org.uk. This description forms part of our auditorfs report.
Knight Goodhead Limited is eligible for appointment as auditor of the charitable company by virtue of its
eligibility for appointment as auditor of a company under section 1212 of the Companie5 Act 2006.
USE OF OUR REPORT
This report is made solely to the charitable companTrls members, as a body, in accordance with section 1212
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
companrfs members those matter5 we are required to state to them in an auditor's report and for no other
purpose. To the fullest extent permitted by law, we do not accept or a55ume responsibility to anyone other
than the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
U GOODHEAD FCA
Senior Statutory Auditor
For and on behalf of:
1¢ 2A)L
KNIGHT GOODHEAD LIMITED
Statutory Auditor and
Chartered Accountants
7 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire S053 3DA
12

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
(including Income and expenditure account)
2024
Total
Funds
2023
Total
Funds
Unrestritted
Funds
Restricted
Funds
Note5
INCOME
Voluntary income
51,535
51,535
60,103
Charitable activities
1,566.083
1,566,083
1,487,867
Investment income
11,695
11,695
2,723
TOTAL INCOME
1,629,313
1,629,313
1.550.693
EXPENDITURE
Fundraising costs
12,377
12,377
4,064
Charitable activities
1.569,458
1,569,458
1.604,180
TOTAL EXPENDITURE
1,581A35
1,581,835
1.608.244
NEf INCOME / (EXPENDITURE) FOR YEAR
47,478
47,478
(57,5511
Transfer5 between funds
li
NEf MOVEMENT IN FUND5 FOR YEAR
47N78
47.478
{57.5511
FUNDSAT I SEPTEMBER 2023
3,330,397
3,330,397
3.387.948
FUNOSAT 31 AUGUST 2024
3.377,875
3,377,875
3,330.397
All of the above results are derived from continuing operations. There were no other recognised gains or losses other
than those stated above. Movements in funds are disclosed in note 11 to the financial 5tatement5.
Comparative fi8ure5 are all unrestricted.
13

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
COMPANY NUMBER: 08645246
BALANCE SHEET AS AT 31 AUGUST 2024
2024
2023
Note5
FIXED ASSErs
Tangible fixed assets
3,338,737
3,348,417
CURRENT ASSErs
Debtors
Cash at bank and in hand
99,764
436,687
78.234
398,447
536,451
476,681
CREDITORS-. amounts falling due within one year
1216,7401
1201.0081
NET CURRENT ASSETS
319,711
275,673
TOTAL ASSETS LESS CURRENT LIABILITIES
3,658,448
3,624.090
CREDITORS= amounts due after more than one year
io
1280,5731
1293,6931
NET ASSETS
3.377,875
3,330,397
FUNDS
Unrestricted funds
General funds
Designated f unds
Total unrestricted funds
li
339,816
3,038,059
300,987
3,029.410
li
3.377,875
3,330,397
TOTAL FUNDS
3.377,875
3,330,397
Approved by the board of trustees on
and signed on its behalf by
Trustee Gvaf*4<
14

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
CASHFLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES
79,822
(11,9201
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
11,695
2.723
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of fixed assets
Repayrnents of borrowing
141,147}
112,130)
132,5431
113,0871
NET CASH FLOW
38,240
154,827)
Change in cash and cash equivalents in the year
38,240
154,827)
Cash and cash equivalent at start of the year
Cash and cash equivalents at the end of the year
398,447
436,687
453,274
398,447
NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net income / lexpenditurel for the year
Interest received
Depreciation
Decreasellincrea5el in debtors
Increase in creditors
47,478
111,695)
50,827
121.530)
14.742
157,5511
12,7231
44.173
{6,5851
10,766
Net cash flow from operating activities
79.822
(11,9201
2 ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash at bank and in hand
436,687
398.447
15

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024
Atl
Non cash
At31
3 ANALYSIS OF CHANGES IN NET DEBT
Sept 2023
Cash flows
movements
Aug 2024
Cash at bank and in hand
398,447
38,240
436,687
Debt due within one year
Debt due after one year
112,170)
1293.6931
12,130
113,120)
13,120
113,160}
1280,5731
92,584
50,370
142,954
16

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
I ACCOUNTING POLICIES
al Accounting convention
The financial statements have been prepared in accordance with Accounting and Reporting by Charities=
Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191
(Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)
and the Companie5 Act 2006.
The charity meets the definition of the public benefit entity under FRS 102. Assets and liabilities are initiallv
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The accounts have been prepared on the going concern basis. There are no material uncertainties about the
charity's ability to continue.
bl Income
Fees and contribution5 are accounted for in full in the statement of financial activities when receivable. Fees
received in advance are deferred and released in the subsequent accounting period.
Donations and legacies are received by way of donations and gifts and are included in full in the statement of
financial activities when receivable.
Grants are recognised in full in the statement of financial activities in the year in which they are receivable.
cl Expenditure
Expenditure is reco8nised in the period in which it is incurred. Expenditure includes attributable VAT which
cannot be recovered.
Fundraising costs relate to the costs incurred by the charitable company in raising funds for the charitable work.
17

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
I ACCOUNTING POLICIES Icontinuedl
dl Tangible fixed assets
Items of equipment are capitalised where the purchase price exceed5 £500. Depreciation costs are allocated to
activities on the basi5 of the use of the related assets in those activitie5. Assets are reviewed for impairment if
circumstances indicate their carrying value may exceed their net realisable value and value in use.
Depreciation is provided at rates calculated to write down the cost of each a55et to its estimated residual value
over it5 expected useful life. The depreciation rates in use are as follows:
Freehold land and buildings
Fixtures, fittings & equipment
Motor vehicles
50 years straight line on buildings
3 years straight line
25% reducing balance
e) Provisions
Provisions are set up only where it is probable that a present obligation exists a5 a result of an event prior to the
balance sheet date and that a payment will be required in settlement that can be estimated.
fj Funds
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these
criteria is charged to the fund together with a fair allocation of management costs and overheads.
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the
charity.
g} Pension commitments
The charity operates a defined contributions pension scheme in accordance with the National Employment
Savings Trust IN ESTI. Contributions are charged in the accounts as they becorne payable in accordance with the
rule5 of the scheme.
18

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
2 LEGAL STATUS
The charity is a company lirnited by guarantee and has no share capital. The charitable company was incorporated
on 9 Au8U5t 2013 in England and Wales and was registered on 25 September 2014 with the Charity Commission in
England and Wale5. The charity is a public benefit entity.
The re8lStered office of the charitable company is Ringwood Waldorf School, Folly Farrn Lane, Ashley, Ringwood.
Hampshire, BH24 2NN.
3 INCOME
Unrestricted
funds
Restrlcted
funds
2024
Total funds
2023
Total funds
DONATIONS AND LEGACIES
General donation5
Community support
Parents and Friend5
15.772
15.941
19,822
15,772
15,941
19,822
24,620
18,240
17,243
Totol donations and legacie5
51,535
51,535
60.103
CHARITABLE AcfiviTIES
Fees and contributions
Trips income
Other income
1,474,624
69,731
21,728
1,474,624
69,731
21,728
1.391.653
71.783
24.431
Totol charitable octivities
1,566,083
1,566,083
1,487,867
INVESTMENT INCOME
Investment income
11,695
11,695
2,723
TOTAL INCOME
1,629,313
1.629.313
1,550,693
19

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
4 EXPENDITURE
Unrestrlcted
funds
Restrirted
funds
2024
Total funds
2023
Totsl funds
FUNDRAISING COSTS
Fundraising and publicity
12.377
12,377
4.064
CHARITABLE ACtIVlTIES
Employed staff costs (see note 51
School and education
Premises c05tS
Office and administration
Van. rnotor, and travel expenses
Bank charges and interest payable
Legal and professional fees
Staff training
Bad debts
Trips
Depreciation
Accountancy and bookkeeping
Audit
1,208,233
59,255
114,140
37,530
9,312
30,710
14,414
15,522
141,988)
65.013
50.827
1.690
4.800
1,208,233
59,255
114,140
37,530
9,312
30,710
14,414
15,522
141,9881
65,013
50,827
1,690
4,800
1,145,098
58,285
154,055
30,179
5,908
25,311
10,692
6,403
42,560
74,017
44,173
2,759
4,740
Total churitable activities
1,569,458
1.569,458
1,604.180
TOTAL EXPENDITURE
1,581,835
1.581,835
1,608,244
Included within accountancy is £1,65012023: £960) payable to the auditors for other work.
20

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
EMPLOYED STAFF COSTS AND NUMBERS
No trustees were reimbursed expenses relating to travel costs during the current or prior year. No trustee
received any remuneration in the current or prior year.
Employed staff casts were as follows:
2024
2023
Salaries and wages
Social security costs
Pension cost5
1,115,166
74.914
18,153
1,056,151
72,509
16.438
1,208,233
1,145.098
No employee earned more than £60.000 during this or the prior year.
The average number of employees during the year was as follows:
2024
2023
No.
No.
Employees
60
56
Key management were paid a total of £316,477 12023: £286,165) paid to 11 employees 12023- 11
employees).
TAXATION
The charitable company is exempt from corporation tax as all its income is charitable and is applied for
charitable purposes.
21

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
7 TANGIBLE FIXED ASSETS
Ffeehold
Flxtures,
land fittings and
& buildings
equipment
Motor
vehicles
Total
COST
At I September 2023
Additions in year
Disposals in year
3,402,243
39.493
36,295
1,654
8,565
3,447,103
41.147
At 31 August 2024
3,441,736
37,949
8.565
3,488,250
DEPRECIATION
At I September 2023
Charge for the year
Disposals in year
66,970
43,013
24.295
7.528
7,421
286
98,686
50,827
At 31 August 2024
109,983
31,823
7,707
149.513
NET BOOK VALUE
At 31 August 2024
3,331,753
6.126
858
3.338.737
At I September 2023
3,335,273
12.000
1,144
3,348.417
8 DEBTORS
2024
2023
Contributions debtors
Other debtors
Prepayments and accrued income
70,018
6,707
23,039
36,628
12,815
28.791
99,764
78,234
9 CREDITORS,. amounts falling due within one year
2024
2023
Bank loan (see note 101
Trade creditors
Other taxation and Social security
Other creditors
Accruals and deferred income
13.160
20,197
34,188
137,508
11,687
12,170
21,041
21,142
141.541
5,114
216,740
201,008

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
10 CREDITORS: amounts f311ing due after more than one year
2024
2023
Bank loan
280,573
293.693
The bank loan relate5 to funding for the purchase of the Rin8wood Waldorf School Hall. The Ringwood
Waldorf School loan was refinanced to Barclay5 in November 2021 and interest 15 charged at 2.6% above
base rate. The loan is secured on the school.
The bank loan is repayable by instalments as follows..
2024
2023
Within l year
13,160
12,170
Between 2 and 5 years
Over 5 years
64,327
216,209
59,423
234,270
Total falling due after more than one year
280,536
293,693
Total bank loans
293,696
305,863
23

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
11 MOVEMENT IN FUNDS- UNRESTRICTED FUNDS
At I Sept
2023
Transfers
At 31 August
2024
Income
Expendfture
OESIGNATED FUNDS:
Trips
Property capital fund
69,731
(65,013)
166,5921
(4,7181
75,241
3.029.410
3,038,059
Total designated funds
3.029,410
69,731
(131,6051
70,523
3,038,059
General funds
300,987
1,559,582
{1.450.2301
{70,5231
339,816
Total unrestricted fund5
3,330,397
1,629.313
{1,581,8351
3.377.875
Purposes of designotedfvnds
Trips
This fund relates to contributions from parents towards organised trips.
Property capital fund
This fund has been created to reflect the value of13nd & buildin85 held by the Trust, net of bank loans and
property related loans outstanding at the balance sheet date.
12 ANALYSIS OF NEtASSETS BETWEEN FUNDS
2024
Restricted
funds
Deslgnated
funds
General
funds
Total
funds
Tangible fixed asset5
Net current Iliabilitiesl / assets
Long term liabilities
3,331,753
113,1211
(280,5731
6,984
332,832
3.338.737
319.711
{280,5731
NET ASSETS
3.038.059
339,816
3.377,875
2023
Restrirted
funds
Designated
fund5
General
funds
Total
funds
Tangible fixed assets
Net current assets
Long term liabilities
3.335.273
112.1701
1293,6931
13,144
287,843
3,348,417
275,673
{293,6931
NET ASSETS
3,029,410
300,987
3,330,397
24

THE RINGWOOD WALDORF SCHOOL
(Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
13 RELATED PARTIES
The following transaction5 Wlth related parties have occurred during the year:
A number of trustees have children who attend the school as students. These trustee5 make contributions
on the same term5 as Other parents, at the recommended rates.
During the year three family members of G Patrick, trustee, were paid Salaries totalling £45,127 12023:
£41,410) for services rendered.
A Walker, trustee, is also director of Lewis Schools Limited who co-ordinate the visiting student5
programmes. During the year a total of £71,55712023'. £30,772) was received from Lewis Schools Limited on
behalf of vi51tin8 Students.
S Wilson-Devane, trustee, 15 also a director of Steiner Waldorf Schools Fellowship Limited who provide
subscriptions for Ringwood Waldorf School and staff trainin8. Durin8 the year, a total of £17,982 12023-.
£16.0461 was paid to Steiner Waldorf Schools Fellowship Limited for these services.
E Wilmar. trustee luntil 30 September 2023), is also a shareholder of RWS Solar Ltd, which has a lease
agreement with Ringwood Waldorf School enabling the company t0 51te solar panels on the roof of the
school in return for an annual payment of £1 plus free electricity.
During the year. one trustee was reimbursed £349 of expense5 incurred on behalf of the charity.12023: no
trustees reimbursed expenses.)
14 DONATED SERVICES AND ASSETS
There were no donated services or assets received during the year.
25