Charity number: 1158796 SILCOATES SCHOOL GOVERNORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
SILCOATES SCHOOL colENrS Page Reference and AdminbStrati¥e Oetsils ofthe Ch•rfty, Its Gtr•ernors and Ad¥lse Go¥emors' Report 3-10 G4)vernors' Responsibilitie5 Ststernent li Independent Auditors, Report on the Flnanci•l Ststemem5 12-16 Statement of Financial Activrtie5 Ilncorporatiwy Income and Empenditure Account) 17 Balance Sheet 18 Statement of Cash Flows 19 Notss to the Financial Statements 20-41
SILCOATES SCHOOL REFERENCE AND AOMINISTRATIVE DETAILS OF THE CHARITY, ITS GOVERNORS AND AOVISERS FOR THE YEAR ENDED 31 AUGUST 2025 G¢)vernors Mr David Payling, Chair Mr Andrew Jeffery, Vice Chair Miss Sarah Crozier Ms Sarah Fatchett Iresigned 9 February 20251 Mr Michael Hunter Iresi8ned 26 February 20251 Mr Chri5 Huscfoft (appointed 11 January 20251 Mrs Sue Lee (appointed 15 September 20251 Mr Adrian Lin8ardl Iresi8ned 4 July 20251 Rev Jason Mccullagh Mr Siddioue Parell Mrs Barbara Tibbetts Mr f uan West Mr Mark Willings Eduiaiion Finance & Genèral Purposes ) Health & Saletv Charlty rqlstered number 1158796 Prlnclp•l office Silcoate5 tane Wrenthorpe Wakefield West Yorkshire WF2 OPD Head Mr Phil Kin8 Indèpendent audltor5 Clive Owen LLP Chartered Accountants and Statutory Auditors 140 ConiscliffÈ Road Darlington Co Durham DL3 7RT Bankers Lloyds Bank 17 West8aie Wakeliel West Yorkshire WFI IJZ
SILCOATES SCHOOL REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARifY, IT5 GOVERNORS AND ADVISÉRS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Solicitors Schofield Sweeney LLP Centura 76 Wellington Street Leeds West Yorkshire LSI 2AY In5Ufan¢e Broker Alliani Insurance PIC Building 3 Guildford 8usiness Park Guildford Surrey GU2 8XG
SILCOATES SCHOOL GOVERNORS. REPORT FOR THE YEAR ENDEO 31 AUGUST 2025 The Governor5 01 Sil£oates School present their annual report together with the audited financial statemellts lor the year I September 2024 ro 31 August 2025 and confirm rhat they comply with the reouirement5 of the Charities Act 2011, the Charity's constitution and the Charities SORP IFRS 1021. OBJEcfivES AND A1VITIEs Ethos and Aims Silcoates is a 2-19 co-educational independent day School. We aim to provide an all-round education, in which each alld every pupil has the opportunity to develop the skills. qualities and aptitudes they will require to live a full, producrive and happy life. We enjoy a friendly and carin8 community, situated around a stunning Georgan Mansion and 60 acres of grounds, amid the stillness and calm ol the glorious West Yorkshire hills. where innovarive and expert teaching is underpinned by unlimited expectarions and coupled with truly outstanding pasroral c3re. We aim to provide numerous opportunities and Surround our pupils with limitless academic, Social and iulturèl opportunite$, and have a deep cornmitment to the progress and succes5 of all pupils, with absolutely'no ceilings, on the expectation of what they ian achieve. From the first steps of exploration to the mastery of their art. we aim for our pupils to be respectful, confident, aiademicèlly èmbitious, independenr learners, who are well-known and supported as individuals. both academically and pastorally. The spiritual ethos ol the School is broadly Christian, in line with our foundation. but we are a community open to familie5 of all faiths and none, our approach beng underpinned by a spirit tsl kindness. decency and mutual respect and an acceptance ol the fundamental British values of tolerance, freedom and democracy. We aim for Silcoates to be an open and welcoming community, where staff feel valued and developed and families are supported and included. More broadly, we aim to play our full part In the sporting and cultural life ol Wakefield and the wider regiorTr. Oblectl¥es for the year Our objertives are Set to reflect our ethos and aims. In setting our objectives and planning our activities, the Governors have carefully considered the Charity Commis5ion'5 public benefit guidance and. as such, remain similar to those in previou5 academic years.. To maintain a broad acadernic curriculum. supplemenring the range of options at GCSE and A Level where P05sible.' To inspire teachers to ensure that the Quality of teaching rhroughout the School is consistently excellent and that learners are consequently highly enthused and motivated., To continue to enhance and improve the co-curricular provision for pupils., To continue to develop the first_class pastoral care rh3t we provide lor pupils.. To maintain the provision of means-tested bursary place5 to enable wide access to the school from a broad range of background5 and circumstances.. and To play our part in the life of our local community through our comrnunity a£ce5s and service programmes.
SILCOATES SCHOOL GOVERNOR5. REPOAY ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 OBJECTIVES AND ACTIVITIES Icontinuedl Every facet of our School community is underpinned by.. the attive promotion of the wellbeing of all 5ilcoates pupils.. the èttive promotion of the wellbeing ol all Silioates staff in order for the exieptional talent we have to function at its best and highest use. working with each other. with candour and psychological safety to create lastin8 value in a fair School,. the pursuit of the best possible facilities to meet the changing demand5 of the curriculum ènd the breadth ol extra<urricular experien£e by progressin8 the strategic plan lor the development of the site,. the pursuit ol academic excellence and a deep commitment to the progress of all pupils ACHIEVEMENTS AND PERFORMANCE •. Academic Performante The khool is thrilled to report that over a quarter of all 8rades at A level were awarded at A. to A and over half at A" to Additionally, 96% of èll university applicants Secured places at their firsr or second Ihoice institutions. These exceptional results are a restament to the dedication and hard work of both students and teachers alike. Further Mathematics saw every student achieve an A. to A grade, and in Art and Photography, all students achieved A. to Bgrade5. Over two third5 01 Bu5ine5s, Geo8raphy and Maths students were awarded A" ro B grade5 and the most common grade in Physi15 was an A. These outstanding outcomes reflect the breadth and oualily of teaching at Silcoates, a5 well as rhe commitment and drive of our students. The School also rook immense pride in the accomplishments ol its GCSE pupils. with 43% 01 all grades awarded at 9 to 7 Ilormerly A. to Al. Pupi15 also made excellent progress achievin8 Outsianding value-added 5uicess. The proportion ol top grade519-71 was 24% higher than the baseline assessment predictions and across the cohort. pupil in all èbility groups made significant progress and achieved positive value-added score5. This reaffirms Silcoates, commitrnent to èdding significant value in a school setting that nurtures both academic excellence and personal growth. This collective success highlights the hard work and ambition of the students, who have excelled under the guidance and 5UPPOrt of their dedicated teachers, helping each pupil to achieve beyond expectations. b. Assemblies and Relielous ObseNan£e The Schoo5 continues to promote British values and an understanding ol faith through a comprehensive pro8ramme of whole-5chool assemblies for the junior and Senior School. We deliver a lull range of assemblies markin8 in particular tOPlCS 5u£h as Black History Month, LG8TQ+ Awareness. DoFnestic Abuse including Coercive Relationships and more general themes such as cornrnunity, tolerance etc. The School'5 turriculum includes the development of the whole indivitjual, including the 'soft ski115' of self-presenration. public speakin8, team working, coachin8, and mentoring ol others. and social skills. The prograrnrne of co-curricular activiries is significant for being the rnain avenue lor developing these strength5, where we combine rhe personal interests of our pupils with the opportunities to develop these skills. Our usual extracurricular clubs as well as 3 full prograrllme ol weekly House activities are very well attended.
SILCOATÉS SCHOOL GOVEANORS. REPOR T ICONTINUEDI FOR THE VEAR ENDED 31 AUGUST 2025 ACHIEVEMENTS ANO PERFORMAP4CE Iconiinuedl c. Co<urrl¢ular ActMtle5 Cornpetitive sport has always been and remains an important part of a Silcoate5 education with highlights of rhe year including hosting the Brownlee Triath5on at Silcoate5 for over I.2 Juniof School pupils and a return to the Rosslyn Park 75 cornpetition for our Senior Boys ru8bv. House Music competitions, Jazz e¥enin8s, concert5. lunchtime fEfltals in khool and at Wakefield Cathedral are very popular with pupils, staff. parents, alumni and Governors alike. Our talent show. Silcoores Does raises approxirllately £5.000 lor Prefect chosen charittes on an annual basis and the Music Department ran a very successful tour to Pari5 in the Spring. d. Outdo¢)r Pursults, Ey[dI17s and Ttlgs Ar Silcoates. pupils be8in the Duke of Edinburgh's Award Sthtme tn Year 9. We encourage as many pupils as p055ible to take part in this scheme. ollerin8 è range of trainin8 and opportuniiie5 to cornplete the various levels. More than fift¥ pupils usually gain awards every year. The School runs a lull rimetable of 8ronie, &'lver and Gold level activities. which are very much enjoyed by the children taking part and deliver enomious benefits to those students. Of particular note was the annual ski trip which is always heavily subscribed and irips to CERN IGeneval. Bertin, Spain and Pari5. Trip5 to Sri Lanka and Borr0 afe planned for 2025-26. We continued to offer an extensive range of day trips throughout the year. e. P•storal Care and Ch•r*able Fundralsl The School continues io place the pastoral welfare of its PLbpils at thè top of its priorities and. as well as providin8 on8oin8 support lor 9upils, continues to review its wlicies and PedureS in order to embed best practice. INSET continued to Include safe8uardin8 trainin& fo(usin8 on issues such as Equality. Divers4ty and Inclusion IEDII, Staff well1n8, Mental Health. Peer on Peer Abusè and EatinyJBody related issues. As part of our on80in8 commitmenr io EDI, the School appointed a sch¢)ol-wide EDI Lead to take forward our strattyi lof pupils, staff and the wider community. Charitable fundraising continues to play an Important gart in school lile ar Silcoate5 With several notable annual calendar events including &'lcoates Doe5. the staff and student Bake Off and the &.h Form Charity Day. f. 8ufS•ry and Scholafshlp Awards During the peri¢)d the value of means tested bursariès totalled E416k and represented 5.8% of oui gross luition lees. These awards provided assistance to 30 pupils representin8 6.3% of school. In addition, rhe School awarded scholarships to 51 pupils, basÈd on thèir educational merit and potential, totallin8 £107k and representing l.S% ol our gross Ites. The pfo8ress of pupils e1¥in6 scholarships IS feviewed annually to ènsure it is The School'5 Buf5afie5 and Stholarship Poliry is under ionstant review by the Governors to ensure that able thildren can accept offers of places at our khool ihrough the availability of mean5 tested fee assistance and scholarship awards. Our policy is designed io widen access to our School, and we anticipate this review will help inform the development ol our policy and ensure the objecrive of wider access continues to be achieved. Community Access We see Silcoate5 as a part ol a wider local community and we seek to support our community. without detriment to advancing rhe educaiion of our pupils, whenever we are able to do so. We have su£ceeded in continuing to offer our lacilities in support of the local and national community includinR allowing use of the facilities to local sports teams and Scouts associations. L(xal primary schools also use our facilitie5 including the 5wirnrning pool and s(hools are often Invited to participate in sports festivals and events.
SILCOATES SCHOOL GOVERNORS. REPORT ICONfiNUEDI FOR TP+E YEAR ENOED 31 AUGUST 2015 ACHIEVEMENTS AND PERFORMANCE Iconbnuedl Comfflunity Service Our pupils are enga8e(l in a wide rae ol xtivilies in the community. both collertivefy and as individuals. Pupils understand the Value and imp)rtance of helpin8 Others. fime 15 spent raising awareness of important issue5 like homelessness and poverry. both in the UK and abroad. Donations arecollected and rnoney 15 raised for good causes. Our Harvest Festival also includes collecting food and di5tributin8 It via the local food bank in Wrenthorpe. FINANCIAL REVIEW Reserves and Flnanclal Heahh The Governor5 regularly review the finances. budgets and expenditure against budgei. tO8ether with a monthly cash flow analysis as part of ihe effective stewardship of the School. In common with other independent schools. the Governors have invested substant1al sums into new school buildin85 over the years and have a continuing programme ol refurbishmeni. development and investment to maintain excellent teaching facilities for our pupils. The School held balances as at 31 Augusi 2025 of £7.192,(W comprising £629.( ol endowment funds, E32.C¥XI of resiritted funds and £6,531,COJ of unrestricted funds. The c105in8 Value of our tangible assets. property, plant and equipment. was £9.ll.(0). The school's reserves policy is based on lor•casiin8 future financial outcomes in¢ludin8 projected cash balances. The Governor5 arè committed to maintaining and building surpluses in fUre years. The Governors consider thai given the srrengrh of the Charity's Balance sheet, the improving cash flow over the previous few years, the ongoing popularity OF our khool, and the available banking facilities thai can be called upon, that there is no ¢urrent need to build up a freè reserve. GOO Concern After making appropriate enquiriès, the Governors have a reasonable expectation that the Charity has adequate resources to continue in operarional exi5tÈnte Iof the Foreseeable future. For this rèason. they continue to adopt the 80in8 concern basis in preparing the financial statements. Further details re8ardin8 the adoption ol the going concern basis can be found in the a¢¢ounting policies. M•terb•l Investments polky The School held no investment portlolio durin8 the puiod in question. Rlsk Management The Governors are responsible for the ovefseeing ol ihe ri5k5 fKed by the School. Detailed consideration5 01 risk are delegated to the Senior Management of the S(hool. Risks are idenrifieij and a5se55ed. and controls established, throughout the year. A formal review ol the S(hool's r15k management processes is undertaken on an annual basi5. Risk is mana8ed under the heading5 91 financial sustainability, school safety, student welfare, employment. school trips and events and community access. Flnanclal Results The financial statements show net outgoing resources for the period on school activities of E207,C¥JO. This figure is calculateij after depreciation and iniere51', cash 8enefated Irorn operating activities was £379,(XKJ and cash balance5 for the year have reduced by £174.IYK) compared with the prior year figure. The principal source of income is fee5. aCCOUnting for 97% 01 the SchoDI'5 income, see nore 4 for further details.
SILCOATES SCHOOL GOVERNORS, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGLIST 2025 FINANCIAL REVIEW Icontinuedl The Governor5 are continuin8 their strate8y of deploying all nei incoming resources to investing in thè edu£ational purposes and labrii of our Pre-school, Junior School and Senior School. A5 a Charity, the parent5 01 our pupils have the èssurance that all the nCome ol the School must be applied lor educational purpose5. All income generated 15 invested back into the School. STRucfuRE, GOVERNANCE AND MANAGEMENT Constltutlon 5ilcoatès S¢hool 15 a Charitable Incorporated organsatIOn. The Charitable Incorporated Or8anisaiion was incofporated on 6 October 2014 and commenced iratlin8 on l January 2015. On l January 201S the as5et5. liabilities and undertakin85 of rhe Silcoates School Foundation (Charity Number 5292811 were transferred to Silcoates School Icharify Number 11587961. Governor Recrultment and Tralnlng The Governing body requires a breadth and depth ol experience to carry out it5 dutie5 effectively and efficiently. When recruiting new Governor5, the important attribute is a passion lor the work of our School and an understanding ol education as a holistic and rounded experience of personal 8rowth. All new Govèrnors are recruited to the Board in accordance with the school'5 Governor Recruiimenr Policy. Wherè possible, the Governors consider the skills and experience of the Board should reflectlcompri5e the lollowin8'. A Governor with education experience.. A Governor with a legal background,. A Governor with a linancial/accountin8 back8round; A Governor with senior mana8erial or business experience,. A Governor with experience of equal opportunities or disabillty needs,. At least one female Governor and at least one male Governor,. One Governor may have one or more ol these skill5. Nomlnatln8 Bodlts The General Assembly ol the United Reformed Church may appoint up to three131 Charity Governors. The Govèrnin8 Body rnay consist ol up to sixteen1161 Governors. Commlttees Governors meet once a term to review the activities ol the School. More detailed issues are dealt with in advance of the Governors, meeting5 through specifii Governor Cornmittees. Commlttee Chalr Education Mrs Barbara Tibbetts Finance & General Purposes Mr David E Payling Heèlth & Safety Mr Andrew Jellery The Clerk to the Governor5 15 Mrs Emma Sanderson
SILCOATES SCHOOL GOVERNORS, REPORT ICONT1Tr4UEDI FOR THE YEAR ENDED 31 AUGUST 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Icontlnuedl The day-to-day running ol the School is vested by the Governors in rhe Headmaster and 8ursar'. Thè Headmaster Mr Chris Wainman Ito 31 August 20251 Mr Phil King (from I September 20251 Mrs Emma Sander50n Thè Bursar Act$ Pollcy It is important to us that access to the education we offer 15 not restricted to those who can afford our fees. We beliève our pupils benefit from learning within a diverse community. A 8reat deal ol learnin8 occurs through social interaction. conversation and shared experiences which helps our pupils develop an understanding of the perspectives of other people that will be vit31 in their adult lives. Our bursary policy and our links with other schools contribute to a widenin8 of access to the education we oller and the facilitie5 we enjoy. Bursary Poll The Governors view our bursary awards as important in helping to ensure children from families who would OtheiSe not be able to alford the lees can access the education we offer. Our bursary awards are available to all who meet our general entry requirement5 and are made solely on the basis ol parenial mean5 or to relieve hardship where a pupll's education and future prospects would otherwise be ai risk, lor example in the case ol redundancy. In assessin8 means, we take a number ol factor5 into consideration includin8 family iniome, in¥estrnents and savin8S, and Family circumsrances, lor example dependent Telatives and rhe number ol siblin85. However, the School does not have a1arge endowment and in fundin8 our awards we have to be mindful rhai we musi ensure a balance between lee-payin8 parent5. many of whom make considerable personal sacrifices to funi* rheir child'5 education, and those benefitin8 from the awards. The bursary awards range from IO% to 100% remission ol lees. Furrher details of our bursary policy and how to applv are available on our website, The success ol our bursary scheme is explained in our review ol activities and achievements Section of this report. Scholarshlp Pollcy A limited number of scholarships are awordeo when it is apparent that an individual's outStonding abiltY will asslst other pupils to develop and improve due to the scholar's contribution ro school life. On that basis, all awards carry clear expectarion5 Of involvement and applitation and this include5 representin8 the School at various functions. All Scholarships are subject to an annual review a8ainst pro8ress and effort. The khool expect5 all stholars to be role models through their conduct and their positive Contribution ro life at Silcoates. The purpose ol our scholarship award5 15 to recognise h58h acadernic potential or the ability to excel in our exira- curricular activities. Acadernic siholarships are awarded to those entering the Senior School, whether from the Junior School or from elsewhere, who have shown outstandin8 academic attainment. The value ol the scholarship awarded is a5 at the discretion ol the Headmaster but the remission wi11 be no more than 20% 01 the lull lees. Where further a55iStance is reouired. scholarship awards may be Supplemented by a means tested bursary. Music hOlarShIpS are assessed by audition5 and throu8h practical asses5ment5. Scholars feceive free tuition in up to two instruments lor in singing), with the expectation that they will play a leading role in the music performance5 and ensemble5 available at Silcoates. Art scholarships ère assessed by the presentation of a portfolio and throu8h practical a55essment5, as devised by the Head of An. A remission of up to IO% ol the fu11 fee Is awarde(J.
SILCOATES SCHOOL GOVERNORS, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Scholarship Policy Icontinuedl Sportin8 Scholarships at Silcoates may be awarded ro existing and new Year 7 and Sixth Form students who demonstrate outstanding ability in 8 Sport lor their age 8roup. There are two types of sport xholars at Silcoates., Full 5cholar5 and Honorary scholars. Honorary scholars are often unable to commit to representin8 the School due to a number of external factors such as trainin8 and playin8 commitments outside of khool. Honorary scholars benefit from.. Personali5ed strength and condirioning training Individual meniorin8 from the PE department Full holarS benefit from.. All ol the above plus an award equal 10 a IO% remission in School lees. Wè advèrt15e the availability ol scholarship award5 annually in the local press and via social rnedia. Further details of our scholarship policy are available on our website. Asjlstance for Our TtachlnB Staff A5 part ol our ernphasis on attracting and retain5ng h58h calibre staff, we offer, at the discretion ol the Governors and subject io change from lime io time, a discount Kheme where staff fflÈmbÈr5 ch005e to educate rheir children ar the School. Flnanclal Pl•nnln¥ Poll Timely financial plannln6 is often the key lor many parent5 who are hoping to send their Ihildren io Silcoaies School and school lees plan is available to hèlp those who wish to fund educational costs throu8h regular tontributions. Famlly Dlscounts Pollcy To underllne the value we place on continuity lor families, we oller discounts where parents have more than two children at the Sthogl. Plans foi future perlods The Governors Intend to continue their current 5trate&ies Df maintaining rhe khool's Position in a competitive market by investin8 to provide high quality education lor our pupils. Achievin8 a hi8h standard ol academic result5 Wlth Significant added-value 15 a constant aim, while maintainin8 the breadth ènd depth ol the education provided. The Headmaster and senior staff continue to review the curriculum to ensure that the educational qualifications remain appropriate for our pupils, development. Our future plans are financed primarily from lee incorne and from our reserves. The Governors need to maintain an equitable balance, en5urin8 our current pupils benefit while. ai the same lime. ensurin8 a sound infrastructure and financial base are preserved lor rhe next generation of pupils in the same way as our current pupi15 benefit today from the investmenr made in the past. Governors are mindful ol the increased pressures on familie5 due to the imposition of VAT on school lees and continually review the School's cost base and CurrcluM to ensure elliciencies. The Governors view our bursary and scholarship awards as important in widenin8 access to the education our school provides, and they are currently reviewing our policies to ensure that able children can accept offers of places at our school through the availability of means-resied fee assistance. Maintaining and. where necessary. developin8 the fabric and facilities of the School is central to our strategy and the Governor5 remain committed to on8oin8 enhancement of the facilities available to our pupils.
SILCOATES SCHOOL GOVERNORS, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Development5 and Malntenance The Governors and Senior Leadership Team will further develop our 10-year Campu5 Development Programme in the vear ahead. adding to our annual rolling programme ol departmenial fefurbishment. We aspire io ihe followin8 major developments in our facilities. as and when possible.. A new combined KSI and EYFS lacilitv Refurbished and new Science Laboratory facilities Improved access around the campus As part of our long-term plan. we will also look to develop our sustainability agenda, seekln8 ways ol moving to a low or carbon-neutral p051tion ovèr time. We are co8nisant of the Government's aim lor schoo15 to become carbon-neutral by 2030 and have appointed a Sustainability Lead to help steer the school towards this tar8et. 10
SILCOATES SCHOOL STATEMENT OF GOVERNORS, RESPONSIBILITIES FOR THE YEAR ENDEO 31 AUGUST 2025 The Governor5 are responsible for preparing rhe Governors. Report and the financial statements in accordance with applicable law and Unired Kingdom Accounting Standard5 (United Kingdom Generally Accepred Accounting Practice). The law applicable ro charities in England & Wale5 fequiresthe Governorsto prepare financial statements for each financial which give a true and lair view of the state of affairs of rhe Chafiry and of its incorning resource5 and application of resources, including it5 income and expenditure, for thèt period. In preparin8 these financial statements. the Governors are required to.. select 5Ultable accounting policies and then apply them consistentlyi observe the methods and principles of the Charitie5 SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financial 5tatement5.' prepare the financial statements on the going concern basi5 unless It 15 inappropriate to presume that rhe Charity will continue in bu5ine5S. The Governors are responsible for keeping adequate accounting Tecords that are sufficient to show and explain rhe Charity's transaction5 and disc105e with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charitie5 Act 2011, the Charity IAccounts and Report51 Regulations 2(X)8 and the provisions of the Charity Commission Scheme. They are also re5pon5ible for safe8uarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other Approved by order ol the members of the Board of Governors and signed on its behalf by.. ywÈr'lD.HPPIWXNJ'""" Mr David PaylTrng- Chair of Governors Date.. 0410112026 UTC
SILCOATES SCHOOL INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SILCOATES SCHOOL Opinion We have audited the Financial Statements of Silcoate5 School Ithe 'Charity'l for rhe year ended 31 August 2025 which comprise the 5tarement of Financial Activities Ilncorporating Iniome and Expenditure Accountl, the Balance Sheet, rhe statement ol Cash Flows and the related note5. including a summary ol significant accounting policies. The financial reporting framework rhat 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 ol Ire1and' Iunited Kingdorn Generally Accepted Aciountin8 Practicel. Financial Statements In our opinion the Financial Statements.. give a true and fair view ol the state of the Charity's allairs a5 at 31 August 2025 and ol it5 incoming resources and application of resources for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prattice,. and have been prepared in accordanie with the reouirements of the Charities Act 2011. Bas15 for opiwtion We conducted our audit in accordan£e with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilitie5 for the audit ol the Financial Statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant ro our audit of the Financial Statements in the United Kingdom, includin8 the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained is sullicient and appropriate to provide a basi5 lor our opinion. Concluslons relating to 8oin8 Concern In auditing the financial statelnents, we have concluded that the Governors, use of the 8oin8 concern basis of accountin8 in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or tonditions that. individually or collectively, rnay cèst significant doubt on the Charity's ability to continue as a 80ing concern lor a period of ar least twelve months from when the financial statements are authori5ed for issue. Our responsibilitie5 and the responsibilities of the Governors with respect to goin8 concern are described in the relevant section5 01 this report. Other information The other information comprises rhe information included in the Annu31 Report other than the Financial Statements and our Auditors, Report thefeon. The Governors are responsible for the other information contained within the Annual Report. Our opinion on the Financial Statements 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. Our responsibility is to read the other information and, in doing so, consider whether rhe other information is materially incon515tent with the Financial Staiemenrs or our knowledge obtained in the iour5e of the audit, or otherwise appears to be materially mi55tated. If we dentify such material inconsistencies or apparent rnateriaS misstatements. we are required to determine whether this gives rise to a rnateTial rni55totement in the Financial Statements themselves. Il, based on the work we have perforrned, 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. 12
SILCOATES SCHOOL INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SILCOATES SCHOOL ICONTINUEDI Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect ol the following matters where the Charities Act 2011 requires us to report to you if, in our opinion.. the information 8iven in the Governors, Report is inconsistent in any material respect with the Financial Statements,. or sullicient accountin8 records have not been kept,. or the Financial Statement5 are not in a8reement with rhe aicountin8 record5 and returns., or we have not received all the information and explanations we require lor our audit. Respon51bllbtles of Go¥ernofS As explained rnore lully in the Governors, Re5ponsibi1ities Statement. the Governors are responsible lor the preparation ol the financial staremenis and lor such internal control as the Governor5 determine is necessary to enable rhe greparation ol Financial Statements that are free from material missraiement. whether due to fraud or error. In preparing the Financial Staternenrs, rhe Governor5 are responsible for asse55in8 the Charity's ability to continue as a 80in8 concern, disclosin& as applicable, matiers related to goin8 concern and using the going concern basis of accouniln8 unless the Governor5 either intend 10 liquidate the Charity or io cease operations, or have no realistic alternative but to do 50.
SILCOATES SCHOOL
INDEPENDENT AUDFfoRS' REPORT TO THE MEMBEAS OF SILCOATES SCHOOL ICONTINUEDI
Auditofs. responslb1litS for the audit of the financial statements
We have been appoinred as auditor under section 144 of the Charities Act 2011 and rewrt in accordance with the Act and
relevant regulations rnade or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the Financial statements as a whole are free from
material missratemenr, whether due to fraud or error. and to issue an Auditor5, Report that includes our opinion.
Reasonable a55urance is a high level of assurance. buf is not a guarantee that an audit conducted in accordance with ISAS
IUKI will always detect a rnaterial misstaiement when it exists. Misstatement5 can arise from fraud or error and are
considered rnaterial if. individually o¥ in the aggregate. they could reasonably be expected to influence the 0nDM4[
de(isions of user5 taken on the basis of these Financial Staremenrs.
Irregularities. including fraud, are instance5 of non-compliance with law5 and regulations. We design procedures in line
with our responsibilities. outlined above. to derett material mi55t3tements in respect of irregularities. including Irzud. The
extent to which our procedures are iapable of detecting irregularities, including fraud is detailed below".
We undertake the following procedures to identify and reswjnd to these risks of non<ornpliance'.
- Under5tandin8 rhe key legal and re8ul*ory frameworks that are applicable to the ChafKty. We communicated
identified laws and regulations throughout the audir team and retnèined alerr to any indications of noncompliance
throughout rhe audit. We determined the most Sl8nificant of these to be around Employrllent law.
Charity law. Health and Safety law, F¢)od and Hygiene re8ulations. Taxation law and GDPR
- Enquiry of Governors and rnanagent as to w)licie5 and procedu to ensure compliance and any known
instances of non
SILCOATES SCHOOL INDEPENDENT AUDITORS, AEPORT TO THE MEMBERS OF SILCOATES SCHOOL ICONTINUEDI Use of our report This report is made solely to the Chariry's Governor5. as a body, in accordance with Part 4 of the Charitie5 (Accounts and Reports) Re8ulaiions 2008. Our audit work has been undertaken so that we mi8ht sraie to the Charity s trustees 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 noi accept or assume responsibility io anyone other than the Charity and its trustees, as a body, lor our audit work, for this report, or lor the opinions we have formed. Chrlstopher 8•aumont 8A Imonsl BFP FCA DChA Cllve Owen LLP Chartered Accountants and Sratuiory Audltors 140 Coniscliffe Road Darlington Co Durham OL3 7RT Date..
SILCOATES SCHOOL 5TATEMENf OF FINANCIAL ACTIVITIES IINCORPORATIP4G INCOME AND EXPENDITURE ACCOUNTI FOA THE YEAR ENDED 31 AUGUST 2025 Unrestricted funds Restfitted funds 2025 2025 Endowment funds 2025 Total fvnds 2025 Total funds 2024 Note Intome and endowments from: Donations and legacies 15 15 161 Charitable a¢tivities 6.934 6.934 7.089 Total incomt and endowments Empenditure on.. Charitable activitles 7.022 7,022 7.092 Other expènditure 134 134 189 T11 expendbtuie Net m¢wemem In fvnd5 Retonclllatlon ol fvnds: Total funds brought forward 6.738 32 629 7.399 7,430 Net movement in lunds 12071 12071 Total fund5 tairled forward The notes on pa8e$ 19 to 39 form part of ihe5e financial statements. 16
SILCOATES SCHOOL 8ALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 £0 Note Flxed assets Tan8ible assers 9,960 10,328 9,960 10.328 Current assets Stocks Debiors Cash at bank and in hand io li 2,100 219 1,604 277 2,326 1,888 Creditors.. amounts falling due within one year 12 13,5521 12.9171 Net Current Ilabllltle5 11,2261 11,0291 Tot•1 assets less current Ilabllltles 8,734 9,299 Creijitors.. amounts falling due after more than one year 13 11,5421 11,9QJl Tot•1 net assets Ch•rlty funds Endowment lund5 Restricted funds Unresrriited funds Designated funds General funds Revaluation reserve 15 15 629 32 629 32 15 15 79 3.539 2.913 79 3,521 3,138 Total unrestritted funds 15 6.531 6,738 Total funds The financial statemenrs were approved and aurhorised for issue by rhe Governor5 and signed on their behalf by.. Paylin Ichaif of Governors) Date.'0410113026 UTC The notes on pages 19 to 39 form part of these financial statements.
SILCOATES SCHOOL STATEMENT OF CASH FLOW5 FOR THE YEAR ENDEO 31 ALIGUST 2025 2025 £0 2024 £ocK) Note Cash flows from operatlng adivltles Ner cash used in operatin8 artivities 17 379 799 Cash flows from Investlnl artlvltlts Interest paid 11341 11891 Purchase of tangible fixed assets 1821 12661 Net cash used In In¥estln6 artlvltles 12161 14551 Cash flows froffl financlng actlvltles Cash inflows from new borrowing 2,020 Repayments of borfowin8 13371 11.6261 Repayment ol overdraft 13701 Net cash provlded byllused Inl fin•ncln6 actl¥ltles 13371 24 Ch•nie In Cash and cash equlvalents In the year 11741 368 Cash and tash equivalents at the be8innin8 01 the year 277 Cash and cash equfv•lents at the end ofthe year The note5 on page5 19 to 39 form part of these financial statements
SILCOATES SCHOOL NOTES TO THE FINANOAL STATEMENTS FOR THE YEAR ENDEO 31 AUGusf 2025 Ac¢ountin8 polkles 1.1 a•$ of preparation of financial statements The financ¢al statements have been plepared in accordance with the Charities SORP IFflS 1021 Accounting and Rewrting by Charitie5'. Statement of Recommended Practice applicable to charite$ preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK anij Republic ol Ireland IFRS 1021 lellective l January 20191. The financial statements have been prepared under the historical cost convention with the ex(eption of fixed a55ets which are included at market value, as modified by the revaluation of certain assets. The Governors, having made due and careful eftquiry and reviewing prepared forecast5, are of the opinion that the School has adequate workin8 lapital to execute its operations o¥er the nexr twelve months. The Governors. therefore, have made an informed jud8eMEl. at the time of approving the financial statements. that there is a reasonable expertation that the School has adequate resources to continue in operation31 existence for the foreseeable fulure. As a result, the Governors have conrinued to adopt the going concem basi5 01 accounting in preparing the annual financial statemw)ts. &lcoate5 School constitutes a public benefit entity as defined by FRS 102. 1.2 Fund ¥c¢)unting General funds a unrestricted funds which are available for use at ihe dtscretion of the Governors in furtherance of the general objectives of the Charity and which have not been designated for other purpK)ses. Designated funds comprise unresrriaed funds that have been set aside by the Governors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. RestTlrted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charily for parricular purposes. The costs 01 raISng and administering such funds are charged a8ainst the specific fund. The aim and use ol each restricted fund is Set out in the notes to the financial statements. All financial activtties in the curreni and prior year are relating to unrestricted funds. 1.3 GOI concern The Governor5 as5e55 whether the use of going concern is appropriate i.e.. whether there are any material uncertainries related to events or Conditions that rnay cast significant ¢Joubr on rhe ability of rhe School to continue as a 8oin8 concern. The Governors made this assessment in respect of a period of a least one year Irom the date the financial staternent5 afe approved. 19
SILCOATES SCHOOL NOTES TO ThE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl 1.4 Income All income is fecognise(l oncethe Charity ha5 entitlement to the income, it is probable that the income will be received and the arrnunt of income receivable can be measured reliablv. For legacies, entitlement is taken as the earlier of the date on which either.. the Charity is aware that probat ha5 been granted. the estate hès been finalised and noiificaiion has been made by the executorlsl to the Trust that a disiribufion will be made. or when a distribution is re(eive(t from the estate. Receipt of a le8acy, in whole or in part, is only cons+dered probable when the amount can be measured reliably and the Charity has been notified of the executor's Intention io make a dTstribution. Where legace$ have been notified to the Charity. or the Charity is aware ol the granting of probate, and the criteria for income recognition have not been met. then the legacy is treated as a conringent asset and disclose(l il material. Donated services or facilities are recognised when the Charity has control over the item, any conditions assocated with the donated item have been met. Ehe recwpt of econornic benefit Irotn the use of the Charity of the item is probable and that economic benefit can be measured reliably. In (ordance with the Charitie5 SORP IFRS 1021. the general volullteertime of the Friends is not recogntsed and fer to the Governor5, report lor more inforniation atr*)ut their contribution. On relpt, donated professional services and facilifies are recognised or the basi5 of the value of the gift to the Charity which is the ank)uni it would have been willing ro pay to obtain services or facilities of equivalent economic benefit on the open market.. 3 corresnding amount is rhen recognised in expenditure in the period of receipt_ Income tax recoverable in relation to donations re(eived under Gift Aid or deeds of covenant is reco8nised at the time of the donation. Income tax recoverable in relation to investment incorne 15 recognised at the time the investment income is receivable. Other income is recognised in the period In which it is receivable and to the extent the goods have been provided or on completion of the service. 1.5 EmpendI Expenditure is reco8nised once there is a legal or construrtive obligation to transfer economic benefit to è third pany, 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 artivity. The c05t5 of each attivity are made up of the total of dirett costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributable ro a single èttivity are allcKated directly to that activity. Shared costs which contribute to more than one attivity and supp)n cosrs which are nor arrributable to 3 Single activity are apporrioned between those artivitie5 on a basis consistent wth the use of resources. Central staff costs are allocated on the basis of time spent. and depre(iation charges allocated on the portion of rhe asset's use. Support costs are those costs incurred dirertly in sUprt of expenditure on the objects of the Charity. Governance costs are t115t incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements Charitable activ¢ties and G(Nernance costs are costs incurred on the Charity's educational operations, includingsupport Costs and c05t5relatingtothegovemance of the Charityapportioned to charitableactivities. All expenditure is inclusbve of irrecoverable VAT. 20
SILCOATES SCHOOL NOTES TO THE f INANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2025 Accountln8 pollcles Icontlnuedl 1.6 TanBible fixed assets and depretiation A review for impairment of a fixed asset is carried out if events or chan8es in circumstances indicate that the carrying value ol any fixed a55et may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment 105se5 are recognised in the Staternent ol Financial Activitie5. Tan8ible fixed assets are carried at cost or valuarion, net of depreciation and any provision for impairment. Depreciation is provided at rates ca1iulated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Freehold propertv Land Fixtures and fittin8S 10- 50 years straight line not depreciated 1 20 years Straight line 1.7 Le35ing and hire ptsrchase Assets obtained under hire purchase £ontracts ènd finance leases are £apitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and rheir useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substèntially all ol the benefits and risks of ownership are assumed by the Charity. Obligations under such agreements are included in creditors, net of the finance charge allocated to futLJre periods. The finance element of the rental payment is charged to the Statement of Financial Activiries Ilncorporating Income and Expenditure Account) so as to produce a constant periodic rate of charge on rhe net obligation outstanding in each period. 1.8 Operatlng lease$ Rerttals paid under operating leases are charged to rhe Statement of Financial Activities Ilncorporatin8 Income alld Expenditure Accounrl on a straight line basis over the lease term. 1.9 Stocks Stocks are valued at the lower of c05t and estimated selling price less costs to sell. 1.10 Oebtors Trade and other debtor5 are recognised ai the settlement amount after any trade discount offered. Prepaymenrs are valued at the amount prepaid net of any trade di5count5 due. 1.11 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three month5 or less from ihe date of acouisition or openin8 ol the deposit or similar account. 1.12 Penon5 The Charity operates defined contribution pension schemes for staff. Contributions payable to the scheme are charged to the Statement of Financial Activities In the period to which they relate. 21
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2025 Accountin8 poltrcies Icontinuedl 1.13 Liabilitits and provlslons abilities are reco8nised when there is an obli8afion ar the 8alance Sheet dale as a resulr ol a pasr event, li is probable that a transfèr of Èconomic bènefit will be required in settlèmènt, and the amount of the settlement can be estimaied reliably. Liabilitie5 are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments lor the goods or services it must provide. Provlslons are measured ot the best estirnate of the amounts required to settle the obligatlon. Where the ellect of the tirne value of money is material, the provision is based on the present value of those amount5, discounred at the pre-tax discount rate that relletts the risks spe(ific io the liabililv. The unwindin8 01 the discount is reco8nised in rhe Staiement of Financial Activities Ilncorporatin8 Income and E¥pendilureAccounrl a5 a linan£e cost. 1.14 Flnancl•l Insiruments The Charity only has financial assets and financial liabilitie5 01 a kind that qualify as baslc financial Instruments. Basic financial in5trument5 are initially recognised ai transactlon value and subsequently measurèd at their settlement value with the exception of bank loans which are subsequently measured at amort15ed cost using the ellettive interest method. Crltlcal atcounflni estlm¥te5 •nd areas of ludiÈm•nt Estimares and jud8ements are continually evaluated and are based on historical experience and other factQfS. includin8 expeciarion5 of future events that are believed ro be reasonable under the circumstances. Critical attountin8 estimates and assurnptions.. Debtor provision There are two provisions included within the financial 5tatement5,' full provision and partial provision. The full provision grovide5 lor I% ol balances that are not consiijered ro be recoverable. The partial provision provide5 lor balances that are doubrlul debts. The total bad debt provision within rhe financial statements is £178,¢XIO12024.. É159,OCKJI. 22
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 1025 Income frorn donations and le8a¢les Unrestricted funds 2025 Total funds 2025 Total funds 2024 £OLS) Oonarions Total 2024 Incorne Irom charltable actlvltle5 Unrestricted lunds 2025 Total fund5 2025 Total lund5 2024 £oco Edutational charitable activities Toral 2024 school Itt Intome 2025 ÉOLX) 2024 Gross lees 7,460 7.619 Les5'. total bur5arie5. 8rants and allowances 17221 17141 Othef educ•tlonal charltable artlvltle5 2025 Eoc 2024 Music Tuition iii 105 23
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR EMDED 31 AUGUST 2025 Other ancillary actiVFties 2025 £000 2024 £000 Letting5 and other Income 85 79 Anaty5is of expendknure by activities Direct costs Support costs 2025 2025 Total funds 2025 Total funds 2024 £o(x) £0 Educational charitable attivities Total 2024 All expenditure for educational charitable activitie5 was to unrestricted funds in both 2025 and 2024. Analysis of direct C05t5 Total funds 2025 Total funds 2024 Irestatedl 000 Staff costs 3.282 3,154 Educational supplies 161 309 Welfare costs 411 421 Total 2025 24
SILCOATES SCHOOL NOTES TO THE FINANOAI STATEMENT5 FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of SUPPDrt tosts Total funds 2025 Total funds 2024 Irestatedl Staff costs 1.754 1.635 DeprlatIOn 450 471 Premises 745 810 Support Costs 183 221 Governa¥Ke 17 36 Profesonal fee5 19 35 Tthal 2025 The iomparatives within this note have been restated to reflect the nature of the expenditure [re accurately. The total overall expenditure remains unchanged Other expendlwre Unrestricted funds 2025 Total funds 2025 Total funds 2024 Bank interest payable Total 2024 25
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 Net Incoffle/lExpendlturel This is stated after charging.. 2025 £000 2024 £000 Depreciation of tangible fixed assets 450 471 Auditors. remuneration - audit 15 14 Auditors. remuneration non-audit services li Operating lease rentals 102 53 26
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENOED 31 AUGUST 2025 Staff costs 2025 2024 £000 Wages and salaries 4,113 3,974 So£ial security costs 450 373 Other pen5$0n costs 471 442 5,034 4.789 Redundancy costs The average number of persons employed by the Charity during the year w85 as follow5.. 2025 No. 2024 No. Teachin8 67 65 Adrnini5tration and support staff 48 Premises, catering and porter5 32 30 The number of employee5 whose employee benefits (excludin8 employer pension costs) exceeded £60,000 was.. 2025 2024 In the band £60,(K)1- £70,OLK) In the band £70,001- £80,IYX) In the band £80,001- £90,000 In the band £IIO,(M)I - E120,0(X) Total remuneration received by the key management personnel of the school was £614,(XJO12024.. E522,0(X)I, of which £68.Cq)012024.. £62,IXM)I related to employer's pension contributions. During the year, no Governors received any remuneration12024- £nill. During the year, no Governors received any benefits in kind12024- £nill. During the year, no Governors received reimbursement of expense5 totallin8 £nil12024- £nill. 27
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST Z025 Tangible fixed a55ets Freehold property Fixtures and Total £0 Cost or valuatlon At I September 2024 10,019 3.975 13,994 Additions 15 67 81 Disposals At 31 Au8USt 2025 10.034 4,028 14,062 Depreclailon At I September 2024 677 2,989 3,666 Charge for rhe year 225 225 450 Disposals 1141 At 31 Au8usr 2025 902 3,200 4.102 Net book Value At 31 Au8usI 2025 At 31 Au8VSt 2024 Cost Of Valuation at 31 August 2025 is as follows 2025 2024 At cost 9,435 9,420 Aevaluation in 2014 120 120 Revaluation in 2021 479 479 28
SILCOATES SCHOOL NOTES TO ThE FINANQAI STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 If the land and building5 had not been included at valuation they would have been included under the historical cost convention as follows= 2025 2024 EO(K> Cost 9,411 9.411 Acculnulated depreciation 19021 16771 Net book Value Followin8 an eadier sitevisit. Mr BruceAllan. an RICSregistered valuer and partner at Carterjonas issued a valuation report in reSpt ol land & buildings at Silcoates Sthool on 22 July 2021. The Valuation usin8 the depreciated replacement cost basts was £9,960.1)XJ. io. Stock5 2025 £O(KJ 2024 £O(A) Raw materials and consumable5 ii. Oebtor5 2025 2024 Trade debtors Other debtors 17 19 Prepayrnents and accrued Income 243 137 29
SILCOATES SCHOOL NOTES TO THE FINANQAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 12. Creditors.. Amoynts falling due within one year 2025 £oc 2024 Loans and overdrafts 274 147 Pension creditor 52 Trade (l¢Of5 302 208 Orher taxation and social security 432 88 Obligations under finance lease and hire purchase contratts io Other creditors 125 97 Accruals and deferred iome 2.357 2,315 30
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Deferred income Deferred income at I September 2024 2,266 2,303 Resource5 deferfed during the year 2,3CM) 2.266 Amounts released from previous periods 12,2661 12,3031 Income deferred in the period relates to fees invoiced in advance, and enrolment deposits. 13. Creditors.. Amounts lallin8 due after More than one year 2025 £0 2024 Bank loans 1.412 1,760 HP liabilitie5 and f1nance lease5 Enrolmeni deposits 130 131 31
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. Secured debts 2025 £o(x) 2024 £000 Hire purchase < l yr io Hire purchase 1-2 yrs Hire purchase 2-5 yrs Bank loans < I yr 158 147 Bank loans 1-2 yrs 156 147 Bank loan5 2-5 yrs 542 441 Bank loans > 5 yrs 714 1,172 Bank overdraft 116 The bank loans and overdraft are secured over rhe freehold land and buildings. Hire purchase is secured against the asset to whi£h it relates. The Charity's Term Loan is to be repaid over 10 years, at an annual interest rate of 2.96% above the Base Rate. Repaymenrs are capital and inierest. and are rnade on a monthly basis. 32
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S 15. ststement of funds Stattrnent of funds- current year Balance at I September 2024 Transfers 83lance at 31 in/out Au8USt 2025 EO Income Expenditure Unrestricted lund5 Designated funds Silcoatians donations 79 General funds General Reserve 3,521 6,949 17,1561 225 3.539 Revaluatlon reserve 3.138 12251 1.913 6.659 6,949 17.1561 6,452 Totèl Unrestrlcted funds 6,738 6,949 17.1561 6.531 Endowment funds Capital 602 602 Special fvnds 27 27 629 619 Restricted funds John France fund 31 32 Total of funds 33
SILCOATES SCHOOL NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED JI AUGUST 2025 15. Statement of funds Icontlnuedl The General Reserve represents those funds which are unrestricted and noi designated for other purposes. Revaluation Reserve represents the increase in value of the buildSn8s reflected in the aciounts. Capital represents the original land and buildings endowed to the charity. Special Funds represents those funds which are reserved lor scholarships. bursaries and priie funds. The John France fund is used for the promotion, support and expansion of outdoor aciivlries and opportunitie5. SI1coatians Donations fund The governors have set aside these funds lor purposes whSch befit the Oflginal objectives of rhe Old Silcoatians A55(xiation. Durin8 the year a transfer of £225,COJ was rnade between the Revaluation Reserve and the General Reserve to represent the revalued amount of the buildin85.
SILCOATES SCHOOL NOTES TO THE FINANOAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 Statement of funds. prior year Balance at I September 2023 Balance at 31 August 2024 Transfers in/out Income Expenditu Unrestricred funds t)esi8nated funds &lcoatians donations General funds General Aeser¥e 7.171 172811 226 1.521 Revaluailon reser¥e 3.364 12261 3.138 6,769 7.171 172811 6.659 Total Unrestrl¢ted fvnds 7250 172811 6.738 Endowment fvnds Capitsl 602 Specbal furlds 27 27 629 629 Restrirted funds John France fund 32 Totsl of fvnds 35
SILCOATES SCHOOL NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR E14DED 31 AUGUST 2025 16. AnalysLs of net a55ets between funds Analysb5 of ntt assèts bet¥rten fvnds- curvent period Unrestricted funds 2025 Restrirted Endowment funds funds 2025 2025 Total funds 2025 Tanaible Fixed asset5 9,358 602 9.960 Current a55ets 2.267 32 27 2,326 Creditors due within oneyear 13,SS21 13,5521 Creditors duè in more than one year 11.5421 11.5421 Total
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2025 Anatysis ol net assets between funds- prior period Unrestricted funds 2024 Restrirted funds 2024 Endowment funds 2024 Total funds 2024 EO Tangible fixed assets 9,726 602 10,328 Current a$5et5 1,829 32 27 1.888 Creditors due within one year 12,9171 12.9171 Creditors due in more than one year 11,9001 11.9001 Totsl 17. Reconclliation of net rnovement in funds to nei cash flow from operating artivr<ies 2025 £000 2024 Net incomelexpenditure lor the period las per Sratement of Financial Activities) 12071 Adlustments for- Depreciation char8es 450 471 Bank interest paid 134 189 Decreasellincreasel in st¢xks Decreasellincreasel in debtors 14961 234 Increase/ldecrea5el in CTe(Jitors 498 1701 Net cash provided by operating acti¥ities 37
SILCOATES SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDÉD 31 AUGUST 2025 An851$ of cash and c35h equfvalents 2025 2024 Cash in hand 219 277 cerdraft facility repayable on demand 11161 Total Cash and cash equivalents 19. Analysls of change5 in net debt Atl September 2024 At 31 August 2025 Cash flows Cash at bank and in hand 277 1581 219 Bank overdrafts and loans 11471 11271 12741 Debt due after l year 11,7601 348 11,4121 Finance leases li 38
SILCOATES SCHOOL NOTES TO THE FINANOAL STATEMENTS FOR THE YEAR E14DED 31 AUGUST ZOZ5 20. Pension comrnttrnents Contributions arnounting to f 54,(K#) 12024= f 52.IX(11 were payable to the scheme at 31 August 2025 and are include(I within creditors. 21. Operatlnfj lease ccynmlbments At 31 Au8USt 2025 rhe Charity had commitments to make futu minimum lease payments under non-cancellable operatin8 leases as follows.. 2025 2024 Not laier than l year 93 Latef than I year and not later than 5 years 127 163 39