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2024-08-31-accounts

Registered number: 10562182 Charity number: 1175704

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and administrative details of the Charitable Company, its Trustees and advisers 1 - 2
Trustees' Report (including Directors' Report and Strategic Report) 3 - 12
Independent Auditor's Report on the Financial Statements 13 - 16
Consolidated statement of financial activities 17 - 18
Consolidated balance sheet 19 - 20
Charitable Company balance sheet 21 - 22
Consolidated statement of cash flows 23
Notes to the financial statements 24 - 50

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024

Trustees and Directors Susan Allan(Bursar) (resigned 24 June 2024)
Martyn Beer(Head) (appointed 12 April 2024)
Rachel Belk(Director) (appointed as a director 1 September 2024)
David Bunney (Clerk,Director) (resigned 1 September 2024)
Stephen Bunney
Neil Carson(DFO) (appointed 24 June 2024)
MaryHartshorne(Clerk,Director) (appointed 1 September 2024)
Anton Maree(Head) (resigned 12 April 2024)
Matt Moore
NancyNewlands Melvin(Senior DeputyHead) (resigned 6 December 2024)
Andrew Penman(Director) (appointed as a director 1 September 2024)
Sue Raphael(Director) (appointed as a director 1 September 2024)
Carol Rayner(Treasurer,Director)
SallySlater(Head of Junior School)
GuyTownsend
Belinda Walters
Angus Wells(appointed 1 September 2024)
Andrew Whiteley (Director)
Sal Wright
DigbySwift(resigned 1 September 2024)
Company registered
number
10562182
Charity registered number
1175704
Registered office
Ackworth School
Ackworth
Pontefract
West Yorkshire
WF7 7LT
Independent auditors
BHP LLP
Rievaulx House
1 St Mary's Court
Blossom Street
York
North Yorkshire
YO24 1AH
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB

Page 1

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

Solicitors Weightmans LLP Westgate Point Westgate Leeds West Yorkshire LS1 2AX School Committee Directors on the School Committee: David Bunney (Clerk) - resigned 1 September 2024 Carol Rayner Mary Hartshorne (Clerk) - appointed 1 September 2024 Andrew Penman Andrew Whiteley Susan Raphael Rachel Belk - appointed as a director 1 September 2024 Advisors to the Board forming part of the School Committee: Stephen Bunney Matt Moore Digby Swift - resigned 1 September 2024 Belinda Walters Sal Wright Angus Wells - appointed 1 September 2024 Guy Townsend

Page 2

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

(A Company Limited by Guarantee)

ACKWORTH SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

The Trustees present their report and the audited financial statements of the charity for the year ended 31 August 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

The directors of the charitable company are its trustees for the purpose of charity law.

This report takes the structure of Ackworth School’s Strategic Plan encompassing three main strands (A to C below). These strands are unpacked in eight further themes (1-8 below) that identify key priorities and features of the school.

A: Quaker Life of the School: The Ackworth Way

1. The Ackworth Way: Quaker Life of the School Community

2. School Identity and Recruitment

B: People: The Ackworth Community

3. Learning and Teaching

4. Pastoral Care

5. People Development

6. The Ackworth Community

C: Financial Foundations and Sustainability

7. Health and Financial Sustainability of the School

8. Buildings and Estate

A: Quaker Life of the School: The Ackworth Way

1. The Ackworth Way: Quaker Life of the School Community

Purpose Statement: To provide an exceptional, holistic and inclusive Quaker education, nurturing young people to flourish and therefore play their part in creating a better world.

Ackworth School remains deeply committed to its Quaker ethos, fostering an inclusive, reflective, and nurturing environment where students and staff alike can flourish. This year, our shared purpose statement—developed collaboratively by all staff—has become a guiding principle in our daily practices and long-term planning.

A significant change to our Meeting House was the reconfiguration of seating into a traditional Quaker square format. This adjustment, led by our Sixth Form Officers, enhances the sense of equality and inclusivity in our gatherings, restoring the space to its original design. Our first Meeting in this setup included reflections from young Quakers across Britain, highlighting the power of silence and shared contemplation.

A major milestone was the introduction of ‘Reflect30,’ a new 30-minute Quaker Meeting for Worship for all involved in the school community to attend and again initiated by our Sixth Form Officer team. Its inaugural session on July 5th saw strong attendance and enthusiastic participation, marking the beginning of what we hope will become a cherished tradition within our school community.

Beyond our Meetings, Quaker testimonies continued to shape our actions. The school continues to work with PeaceJam UK, an initiative connecting students with Nobel Peace Prize laureates to inspire social justice and peacebuilding.

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

(A Company Limited by Guarantee)

ACKWORTH SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Additionally, we established an exchange partnership with Abington Friends School in Philadelphia, fostering international Quaker ties and cultural exchange opportunities for our students.

Our commitment to service and charity also remained steadfast. This year’s Mental Health Awareness Week initiatives, including fund raising for Leeds Mind, a charity football match, and ongoing student-led fundraising efforts have supported Doctors without Borders, Kellan Montessori School, Nigeria and Cancer Research UK, reinforcing our Quaker values of compassion and social responsibility.

Celebration Day on July 6th 2024 was a highlight of the school year, bringing together students, staff, and families in a day of joy and achievement. The day featured a Meeting for Worship, musical and dramatic performances, and showcases of student work across different disciplines. The Grand March, a much loved tradition, symbolized unity and the shared journey of our school community.

The Arts have flourished at Ackworth this year, with significant achievements in both music and drama. Our annual community concert showcased the talents of Senior School and Coram House choirs, as well as guests from local schools. The performances included a moving tribute to the 80th anniversary of the D-Day landings and a powerful rendition of "This Is Me." Fundraising efforts from the concert supported War Child, reflecting our commitment to making a positive impact beyond our school gates.

In drama, our students excelled in the National Theatre’s New Views Playwriting Competition, with one student’s play making it to the longlist. Six students were accepted into the National Youth Theatre, demonstrating the depth of talent in our school. Additionally, outstanding results in LAMDA Speech and Drama examinations further highlighted our students’ dedication and skill in the performing arts.

These developments amongst many others within the life of the school community exemplify The Ackworth Way—an enduring commitment to Quaker principles that nurture personal growth, community spirit, and a collective aspiration for a better world.

2. School Identity and Recruitment

Ackworth School continued to strengthen its position as a leading institution, attracting students from both the UK and overseas. Our commitment to academic excellence and inclusivity, co- curricular opportunities, and a strong boarding community play a vital role in recruitment. In particular, the Football Academy and our expanding international networks have significantly contributed to increased student interest.

Our Autism Resource continues to go from strength to strength under our new Head of AR, Hannah Walker. Hannah has been promoted following the retirement of Lynne Ward and has, in her first

year in post, made great strides to build on Lynne’s foundational work. The AR unit continues to be oversubscribed as Local Authorities look for the best places for the children in their care and Hannah and her team are looking closely at developing small group provision alongside the existing 1 to 1 model. The Autism Resource recruited to full capacity with 22 placements for September 2024.

The Football Academy remains a key driver of student engagement, with our partnership with Harrogate Town AFC continuing to flourish. Domestically, Director of Football John McDermott has successfully recruited four talented British footballers, all of whom received scholarships to join Ackworth. Their presence has already raised the academy’s playing standard and appeal for future applicants.

International interest in the academy has grown, particularly from central Europe, North America, and Latin America. To support this demand, we have invested in promotional materials and explored opportunities for expansion.

A major development is our partnership with St Giles International, launching a five-week English language and football

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

programme in summer 2025. This initiative, expected to attract over 100 students per week, will generate significant revenue while strengthening our global presence.

Ackworth’s boarding provision continued to attract strong interest, particularly from Hong Kong, China, Japan, and key European markets. Our participation in agent networking events in London, Germany, Spain, and Hong Kong has been instrumental in expanding our international reach.

Short-stay boarding programmes have seen increased demand, particularly from France, Spain, and Germany. However, limited availability in Year 9 meant some applicants had to be turned away.

Applications for September 2024 remained strong, with notable interest from Bermuda, Kenya, and Germany, many linked to the Football Academy. Boarding projections were higher than last year, with expectations to surpass 100 boarders by the start of the academic year. Looking ahead, confirmed recruitment trips to Europe, the USA, Türkiye, and Asia will ensure continued growth, securing Ackworth’s reputation as a globally recognised centre of excellence in academics, sport, and boarding provision.

B: People: The Ackworth Community

3. Learning and Teaching

Ackworth School continues to refine its approach to learning and teaching through research-driven initiatives, structured professional development, and a commitment to academic excellence. Over the past year, significant efforts have been made to embed evidence-based strategies, improve student outcomes, and enhance the consistency of teaching practices across all faculties.

Developing Teaching Excellence

The school’s research groups have played a crucial role in shaping pedagogy, with a focus on Adaptive Teaching, Metacognition, Retrieval and Study Skills, and Effective Data Use. These groups, led by Heads of Faculty (HoFs), have trialed and implemented strategies aimed at improving Quality First Teaching (QFT). The findings have been incorporated into the Ackworth Academic Way, ensuring a consistent, evidence-based approach that supports both students and staff. The initiative also serves as a vital reference for new teachers joining the school.

Professional development has been a priority, with CPD sessions covering areas such as behaviour for learning, disciplinary literacy, SEND strategies, and medical training. Additionally, all staff have been provided with updates on the new ISI Inspection Framework (F23) to ensure readiness for future evaluations.

Academic Performance and Future Planning

Our Deep Dive process, introduced to enhance academic quality assurance, has seen HoFs take greater ownership in assessing department performance. Departmental Development Plans (DDPs) have been central to tracking progress and allocating resources effectively.

A key focus this year has been refining the timetable to ensure both academic viability and financial sustainability. This includes adjustments to class sizes and targeted interventions, such as literacy and numeracy sessions for Key Stage 3, and structured study skills support for senior pupils. The restructuring of our EAL provision is also a major development, ensuring tailored support for non- native English speakers.

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

(A Company Limited by Guarantee)

ACKWORTH SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Public Examination Results

The 2024 A-Level results showcased a strong performance, with 30% of students securing places at Russell Group universities. Notable achievements include students gaining entry to competitive courses such as Medicine and Engineering. The strongest performing departments were DT and Art, while Computer Science faced challenges due to staff turnover.

GCSE results were particularly encouraging, with a positive value-added score of +0.36, indicating that students performed above expectations. Art, Drama, and Spanish were standout subjects, while French presented challenges. In line with national data a gap in performance between boys and girls has been indentified and this will be an area of focus in the coming year.

Through these academic and pedagogical developments, Ackworth remains committed to delivering high-quality education while continuously evolving to meet the needs of our students.

4. Pastoral Care

A major refurbishment of the West Wing Common Room was completed in July 2024, improving social spaces for pupils. Other new social spaces have also been allocated for student use. Pupils have participated in a wide range of extracurricular activities, including theatre trips, sports events, geography fieldwork, and language trips. Sporting achievements include outstanding performances in football, netball, cross-country, and table tennis, with several students competing at regional and national levels. The music and drama departments have also seen significant success, with students performing at notable venues and achieving high LAMDA examination results.

A key development in the Health Centre has been the appointment of Dr. Emma Travers, who now runs a weekly clinic for boarders, easing access to healthcare. Future plans aim to continue to enhance medical facilities to allow increased clinical observation of unwell boarders.

The school has refined its behaviour management systems, with teachers reinforcing ‘The Ackworth Way’ and focusing on restorative practices. CPOMS is now used exclusively for behaviour tracking, ensuring clearer record-keeping. High level sanctions have been reduced by introducing reflective detentions and strengthening the role of tutors through the Report Card system. Year group meetings and celebration assemblies have fostered positive reinforcement, with awards such as "Star of the Week." Senior school suspensions have decreased significantly, aligning with the school’s ethos.

New leadership roles for Sixth Form students have been introduced to enhance student voice and engagement. School Officers now have roles aligned with Quaker values, including a Quaker Values Officer. Initiatives such as a whole-school discussion on addressing staff by first names have encouraged dialogue around equality. A Second Form student also led efforts to bring in guest speakers for whole school seminars on anti-racism, including the Lord Mayor of Leeds and the Assistant Chief Constable of West Yorkshire Police.

Key areas for development include:

The school continues to develop its pastoral care, focusing on student well-being, inclusivity, and a positive learning environment.

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

5. People Development

People and their development remain at the heart of all that Ackworth School is about. Parental feedback (covered further with the Parental Survey in section 6) aligned very much with that of staff and pupils in terms of the essential nature of wellbeing. This aspect is led for pupils by the Head of Wellbeing and a further group has been formed to work specifically on this area for staff. Tangible benefits have already been achieved for both with access to the school gym facilities being significantly broadened for day and boarding students as well as for staff.

We work closely with the family of Quaker Schools to provide opportunities for our students to work together across the schools. The Sixth Form Leadership Conference, hosted at Ackworth in June 2024, welcomed leaders from Bootham and The Mount Schools and provided a great day of workshops and networking.

6. The Ackworth Community

In 2024, Ackworth School continued to strengthen its community ties and foster engagement with both current families and alumni through various events and initiatives.

An extensive Parents’ Survey, conducted in June 2024, has been analysed, reported back to parents and staff and integrated into ongoing strategic planning. Key priorities were communicated around protecting the Quaker ethos and values of the school as well as the nurturing and developmental pupil/ staff relationships. Priorities for development include ongoing investment in learning and teaching, particularly teacher’s training and remuneration, as well as facilities around the school site.

Ackworth School also hosted several events for its alumni. In October, 33 Old Scholars gathered for a reunion celebrating their 30th anniversary. Additional reunions included the Northern Reunion before Christmas and a dinner for alumni from 1976-1983, both of which allowed alumni to reconnect with old classmates and current students. The Celebration Day at the end of the year marked the 50th reunion of alumni from 1967-1974, offering a nostalgic and reconnecting return for many.

The Party on the Green, held in June 2024, was well attended, with predominantly summery weather making a delightful evening. Attendees enjoyed musical performances by a great range of students, creating a vibrant atmosphere that was appreciated by all.

The Easter Gathering 2024, held from April 18th to 22nd, was another highlight of the year, with favorable weather and a range of activities, including a special games afternoon with current students. Funds raised from the event supported the refurbishment of a common room for 2nd and 3rd Form students, a lasting legacy of the Old Scholars' generosity. The school is now preparing for Easter Gathering 2025, building on the success of this year’s event.

C: Financial Foundations and Sustainability

7. Health and Financial Sustainability of the School

After 8 successful years at the school, Susan Allan retired from the Bursar role. Susan made a significant contribution to financial stability, especially steering the school through the COVID-19 and the subsequent cost-of-living crisis. Neil Carson joined Ackworth School in June 2024 in a similar capacity, but the retitled role of Director of Finance and Operations. The 2023/24 budget predicted a small deficit, but in-year cost control resulted in a net operating surplus of £118k. Pupil numbers continue to be the principal income metric, but VAT on fees has focussed our attention on alternative revenue streams. To plan for an anticipated fall in pupil numbers, driven by VAT on fees, the School Committee commissioned four working groups to devise strategies for increasing income and reducing operating costs. The working groups have operated at pace and their output will start to deliver tangible financial benefit by September 2025.

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

(A Company Limited by Guarantee)

ACKWORTH SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

8. Buildings and Estate

The challenges of maintaining a school approaching its 250th anniversary show no sign of slowing down. One of the aforementioned working groups has evaluated assets against educational contribution and has recommended some for development and others for disposal. Assets earmarked for disposal lie outside the school footprint and income generated will be used to upgrade buildings within the school grounds. In this financial year estate improvements have included pupil social spaces, cupola refurbishment and a schoolwide boiler upgrade. Replacement of 40-year-old boilers will deliver the dual benefit of lower energy bills and reduced carbon emissions.

In pursuing these aims Ackworth School Committee, as the Charity Trustees, have given due regard to the Charity Commission’s published general and relevant sub-sector guidance concerning the operation of the Public Benefit requirements under the Charities Act.

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Strategic report

Reference and administrative information

a. Incorporation

The Charity was founded in 1779 and was registered with the Charity Commission under charity number 529280. In January 2017 the school incorporated and from 1st September 2018 has traded as a company limited by guarantee under the charity number 1175704. The charitable objects of this new charity remain unchanged from the objects of the old charity. The Directors, Governors (also the Trustees), executive officers and principal address of the Charity, along with the particulars of the Charity’s professional advisers for the reporting period, are given on page 1.

Structure, governance and management

a. Governing document

The Charity is governed by its Trust Deed dated 20th April 1799 as amended by a subsequent deed dated 9th August 1873 and its Articles of Association dated 11th August 2017 .

b. Organisation, Governance and Management

The school company is monitored by Ackworth General Meeting of the Religious Society of Friends (Quakers) which appoints the School’s Governing Body, known as the School Committee. Ackworth General Meeting meets at the School in May each year to receive the annual accounts and to hear reports from the School Committee and the Head.

Ackworth General Meeting continues to be the responsible body for spiritual matters and will continue to be drawn from all the Area Meetings in Britain Yearly Meeting.

The School Committee carries out its responsibilities in accordance with the published Rules for Government which Ackworth General Meeting has the power to amend on the recommendation of the School Committee.

The Directors of the school are legally responsible for the overall management and control of the school, but they take their guidance from the wider School Committee who meet six times a year, three times in full session (when all Sub Committees meet) and three times as one Committee for a one-day session. The work of implementing Committee policies is carried out by six Sub Committees.

Whilst the School Committee is responsible for governing the School it delegates the day-to-day management of the School to the Head, supported by his Senior Management Team.

c. Recruitment and training of Governors

Induction into the workings of the Charity is carried out by Friends and Officers already serving on the Committee, with all committee members being invited to share the induction process for new staff that is held before the start of each new academic year, with ongoing training being undertaken through attendance at events organized by the Friends Schools’ Council (FSC), the Association of Governing Bodies of Independent Schools (AGBIS), and other relevant organisations. In addition to the training provided for Committee members, Ackworth School plays an active part in the Quaker Schools network through FSC. The school encourages the creation of working relationships with members of other educational professional bodies such as HMC, Society of Heads, Independent Schools Bursars Association (ISBA), Independent Association of Primary Schools (IAPS).

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Structure, governance and management (continued)

The School Committee maintains a record of the training undertaken by each individual member of School Committee, as part of the programmes of safeguarding and ‘keeping children safe in education’.

d. Related parties

The Ackworth School 1950 Trust exists to hold funds of gifts, legacies, donations etc. for the benefit of Ackworth School, and to lend or gift these funds to the School. The Trustees of the 1950 Trust (being members of the School Committee who are Friends or Old Scholars) are also the holders of the whole of the issued share capital of Ackworth School Estates Limited (ASEL) which is a trading company with responsibility for the external letting of the School’s land, premises and facilities. All profit made by ASEL is donated to the School.

The Wennington School Bursary Fund provides bursary support to the School. This is administered by Trustees who are all current members of School Committee.

The Ackworth & Freshfield Educational Foundation provides grants and scholarships to pupils and is empowered to make grants to the School at the discretion of its Trustees who are appointed by School Committee. The finances of all the above trusts are incorporated into the School’s consolidated accounts.

e. Risk management

The School Committee continues to review the Risk Register at least three times a year to provide a formal element to the identification and assessment of risk. The Senior Management Team are the custodians of this document and ensure that this continues to be an effective working document through regular reviews.

The key risks facing the school are attracting and retaining sufficient pupil numbers with steep rises in the cost of independent education in 2025 and an increase to Local Authority funded pupil numbers further exposing the School’s cash flow to Local Authority financial pressures.

Our plans and strategies for managing risk include maintaining effective internal controls, risk registers, succession planning, compulsory safeguarding training and procedures, incident reporting and monitoring systems and insurance cover wherever appropriate.

Remuneration policy

The Salaries and Wages Sub Committee makes recommendations to the full Committee about the pay of senior executives as well as considering the pay award across the wider staff.

Fundraising

Fundraising has been limited to raising funds for specific charities which are chosen by the pupils during the year. We do not use fundraising agents and have not received any complaints.

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

(A Company Limited by Guarantee)

ACKWORTH SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Financial review and results for the year

Overview

The School’s financial outcome showed an improvement in performance for the year ended 31 August 2024, being a surplus of £184k (2023: £787k deficit).

Fee income has increased by 7.7% (2023: increased by 5.2%). Scholarships and bursaries represented 15.1% of fee income (2023: 15.9%). The results continue to demonstrate the Trustees’ aspiration to promote accessibility by providing financial support where possible.

In considering whether it is correct to prepare the accounts on the going concern basis the Trustees have reviewed these annual accounts, the systems and processes currently in operation, together with a review of current banking arrangements (bank loan repaid and reduced reliance on the overdraft facility) and future cash flows and forecasts. Consideration has also been given to increased NI contributions, National Minimum Wage increases and the introduction of VAT on school fees. Further details are given in note 1.2 to the accounts. Further, in accordance with Charity Commission Guidance note CC12, the Trustees are satisfied that they have reviewed their responsibilities and conduct the affairs of the school in such manner as to believe it appropriate to prepare the financial statements on the going concern basis.

Reserves policy

The School’s business plan recognises the need to build up reserves to ensure the long-term financial stability of the School. Whilst no specific level of reserves can be defined as ideal, the Trustees would hope to achieve a level of free reserves equivalent to one-half of budgeted annual expenditure (£4m). In this respect there is much work to be done: the School currently holds no free reserves in the accounting sense. However, unrestricted funds currently stand at £4.1m (2023: £4.0m). With reduced pupil numbers in 2024/25, it is unlikely the planned balanced budget will be achieved, however with a restructuring process underway to reduce operating costs a modest surplus is predicted for 2025/26.

The total funds held by the School are £6,091,829 (2023: £5,908,301), of which £1,801,466 (2023: £1,759,367) are restricted and £159,145 (2023: £143,797) are endowed.

Investment powers, policy and performance

The Trust Deed permits the School to invest the funds of the school in any way that it feels appropriate. The School Committee places restrictions upon investment by following ethical guidelines appropriate to the relationship between the School and the Religious Society of Friends. The Trustees remain confident that the School’s investment partners will apply their ethical guidelines appropriately and hold this principle above setting a target for the performance of the portfolio. During the year the School and related charities investments yielded 1.67%. (2023: 1.74%). Money laundering regulations now require banks and recipients of funds to undertake due diligence on the origins of donations.

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for preparing the Trustees' Report (including Directors' Report and Strategic Report) including the Strategic Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charitable Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charitable Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the maintenance and integrity of the corporate and financial information on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Disclosure of information to auditors

In so far as the Trustees are aware:

Appointment of auditors

The Governing Body of Ackworth School appointed BHP LLP of York to audit the accounts of the School and associated bodies for the year ended 31 August 2024 and will reappoint them for the year ended 31 August 2025.

Approved by order of the members of the board of Trustees on 19 March 2025 and signed on their behalf by:

Signer ID: XU0MSYVXXZ...

Mary Hartshorne Clerk

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACKWORTH SCHOOL

Opinion

We have audited the financial statements of Ackworth School (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charitable Company Balance Sheet, the Consolidated Statement of Cash Flows 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 financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, 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 accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve 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.

Page 13

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

(A Company Limited by Guarantee)

ACKWORTH SCHOOL

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACKWORTH SCHOOL (CONTINUED)

Other information

The other information comprises the information included in the Trustees' Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Trustees' 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 the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 14

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

(A Company Limited by Guarantee)

ACKWORTH SCHOOL

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACKWORTH SCHOOL (CONTINUED)

Responsibilities of Trustees

As explained more fully in the Trustees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 the trustees 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 group's and the parent 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 group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. 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 responsibilities, 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the group and parent charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Page 15

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACKWORTH SCHOOL (CONTINUED)

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Signer ID: CRZCVPKXXZ... Laura Masheder (Senior statutory auditor)

for and on behalf of

BHP LLP

Rievaulx House 1 St Mary's Court Blossom Street York North Yorkshire YO24 1AH

Date: 07/04/2025 GMT

Page 16

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 AUGUST 2024

Note
Income and
endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
Total income and
endowments
Expenditure on:
Raising funds
8
Charitable activities
9
Total expenditure
Net
income/(expenditure)
before net
gains/(losses) on
investments
Net gains/(losses) on
investments
15
Net movement in funds
19
Reconciliation of funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Unrestricted
funds
2024
£
49,390
8,682,676
236,431
33,623
4,000
9,006,120
273,315
8,664,430
8,937,745
68,375
57,706
126,081
4,005,137
126,081
4,131,218		 Restricted
funds
2024
£
8,708
-
-
4,113
-
12,821
-
54
54
12,767
29,332
42,099
1,759,367
42,099
1,801,466		 Endowment
funds
2024
£
-
-
-
797
-
797
-
-
-
797
14,551
15,348
143,797
15,348
159,145		 Total
funds
2024
£
58,098
8,682,676
236,431
38,533
4,000
9,019,738
273,315
8,664,484
8,937,799
81,939
101,589
183,528
5,908,301
183,528
6,091,829		 Total
funds
2023
£
57,134
7,982,706
249,263
32,260
-
8,321,363
315,060
8,784,887
9,099,947
(778,584)
(8,447)
(787,031)
6,695,332
(787,031)
5,908,301

The consolidated statement of financial activities has been prepared on the basis that all operations are continuing operations.

Page 17

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

The Statement of Financial Activities complies with the requirements for the Income and Expenditure Account under the Companies Act 2006 and includes all gains and losses recognised in the year.

The notes on pages 24 to 50 form part of these financial statements.

Page 18

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

REGISTERED NUMBER: 10562182

CONSOLIDATED BALANCE SHEET

AS AT 31 AUGUST 2024

Note
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within one year
17
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
18
Net assets excluding pension asset
Total net assets
Charity funds
Endowment funds
19
Restricted funds
19
Unrestricted funds
19
Total funds		 2024
£
3,184,785
389,221
3,574,006
(4,657,653)		 2024
£
6,886,785
972,243
7,859,028
(1,083,647)
6,775,381
(683,552)
6,091,829
6,091,829
159,145
1,801,466
4,131,218
6,091,829		 2023
£
3,215,839
774,626
3,990,465
(5,044,102)		 2023
£
6,755,333
870,315
7,625,648
(1,053,637)
6,572,011
(663,710)
5,908,301
5,908,301
143,797
1,759,367
4,005,137
5,908,301

Page 19

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

REGISTERED NUMBER: 10562182

CONSOLIDATED BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2024

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 19 March 2025 and signed on their behalf by:

Signer ID: XU0MSYVXXZ... Mary Hartshorne

Clerk

The notes on pages 24 to 50 form part of these financial statements.

Page 20

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

REGISTERED NUMBER: 10562182

CHARITABLE COMPANY BALANCE SHEET

AS AT 31 AUGUST 2024

Note
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within one year
17
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
18
Total net assets
Charity funds
Restricted funds
19
Unrestricted funds
19
Total funds		 3,223,392
66,042
3,289,434
(4,828,915)		 2024
£
6,858,586
332,604
7,191,190
(1,539,481)
5,651,709
(2,879,679)
2,772,030
483,319
2,288,711
2,772,030		 3,241,094
448,007
3,689,101
(5,201,588)		 2023
£
6,755,333
298,662
7,053,995
(1,512,487)
5,541,508
(2,859,837)
2,681,671
471,612
2,210,059
2,681,671

Page 21

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

REGISTERED NUMBER: 10562182

CHARITABLE COMPANY BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2024

The charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in the financial statements. The surplus of the charity is £90,359 (2023: deficit £798,374).

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 19 March 2025 and signed on their behalf by:

Signer ID: XU0MSYVXXZ...

Mary Hartshorne

Clerk

The notes on pages 24 to 50 form part of these financial statements.

Page 22

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2024

Note
Cash flows from operating activities
Net cash provided by operating activities
22
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowing
Interest paid
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
23		 2024
£
(2,613)
38,534
4,000
(211,213)
(168,679)
(199,999)
(13,775)
(213,774)
(385,066)
792,347
407,281		 2023
£
337,839
32,260
-
(97,588)
(65,328)
(200,001)
(22,241)
(222,242)
50,269
742,078
792,347

The notes on pages 24 to 50 form part of these financial statements

Page 23

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Ackworth School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. These financial statements have been prepared using the historical cost convention and are rounded to the nearest £.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Charitable Company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Charitable Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements. On the grounds that the charitable company's results are consolidated into the charitable company's group accounts, the charitable company has taken advantage of certain exemptions conferred by section 1.11 of FRS 102 as follows: Exemption from presenting a charitable company statement of cash flows as a primary statement to the financial statements.

Page 24

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

(A Company Limited by Guarantee)

ACKWORTH SCHOOL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

1. Accounting policies (continued)

1.2 Going concern

The school has net current liabilities of £1,083,647 (2023: £1,053,637) and has deficit net free reserves of £2,755,567.

The Trustees have prepared forecasts of income and expenditure and cash flow through to 31 August 2026. Current forecasts, which include sensitised pupil number decreases, indicate that the school will operate comfortably within current cashflow headroom, which includes an agreed overdraft facility of £350,000, through to at least 31 August 2026.

The Trustees are however mindful of the longer term view and the financial security of school into the future. They continue to monitor and manage the impact of the unprecedented external economic pressures on the finances of the school. These include the imposition of VAT on school fees in January 2025, which will put pressure on the affordability of school fees for parents. This is in addition to cost pressures budgeted in the 24/25 financial year and beyond including the withdrawal of rates relief, National Insurance increases and National Minimum Wage uplifts which are in addition to general inflationary cost pressures. The carrying value of fixed assets is significantly below market value.

The Trustees are taking actions to manage the financial and going concern risk and have set up four focused working groups to ensure there is a long term plan for the financial sustainability of the school. Specifically, these have been set up to:

Given the availability of cashflow to support school and the longer terms strategies they are putting in place to secure the finances of school the School Committee believe it is appropriate to prepare the financial statements on the going concern basis.

1.3 Income

All income is recognised once the Charitable Group has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 25

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

(A Company Limited by Guarantee)

ACKWORTH SCHOOL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

1. Accounting policies (continued)

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.5 Employee benefits

The costs of short-term employee benefits are recognised as an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. On transition to FRS 102 the charitable company adopted a deemed cost basis for the land and buildings class of fixed assets. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

The freehold school buildings are not depreciated. In accordance with the terms of trust on which they are held, the original school buildings dating back to 1779 have to be maintained in good working order in perpetuity and accordingly the Trustees consider that the lives of these assets are so long and the residual values, based on prices prevailing at the time of valuation, are so high that any depreciation charge would be insignificant.

Depreciationof other assets is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery - 20% per annum straight line
Motor vehicles - 20% per annum straight line
Fixtures and fittings - 20% per annum straight line

Freehold land is not depreciated.

Page 26

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

1. Accounting policies (continued)

1.7 Heritage assets

Where heritage assets have been purchased, they are initially recognised at cost. After recognition, under the cost model, heritage assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

1.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated Statement of Financial Activities.

1.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.10 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 months or less from the date of acquisition or opening of the deposit or similar account.

1.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charitable Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost.

1.12 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 27

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

1. Accounting policies (continued)

1.13 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

The Group is a member of a multi-employer plan. Where it is not possible for the Group to obtain sufficient information to enable it to account for the plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.

1.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowed funds are held in the Ackworth & Freshfield Educational Foundation and the incoming resources are restricted.

Investment income, gains and losses are allocated to the appropriate fund.

Page 28

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

(A Company Limited by Guarantee)

ACKWORTH SCHOOL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

2. Critical accounting estimates and areas of judgment

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical accounting estimates and assumptions:

The Charitable Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Outstanding trade debtor balances are reviewed on a line by line basis to identify possible amounts where a provision is required. Management closely manage the collection of trade debtors and therefore are able to identify balances where there is uncertainty about its recoverability, and determine what provision is required (if any).

Management monitor the condition of the freehold school buildings and the general property market to identify whether their value has reduced below the value in the accounts, in which case, a depreciation charge would be required.

3. Income from donations and legacies

Donations
Total 2023		 Unrestricted
funds
2024
£
49,390
27,466		 Restricted
funds
2024
£
8,708
29,668		 Total
funds
2024
£
58,098
57,134		 Total
funds
2023
£
57,134

Page 29

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

4. Income from charitable activities

School fees
Less: Bursaries, scholarships and allowances
Total 2024
Total 2023		 Unrestricted
funds
2024
£
10,230,982
(1,548,306)
8,682,676
7,982,706		 Total
funds
2024
£
10,230,982
(1,548,306)
8,682,676
7,982,706		 Total
funds
2023
£
9,499,297
(1,516,591)
7,982,706

Page 30

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

5. Income from other trading activities

Income from non charitable trading activities

ASEL trading income
Other income
Total 2023		 Unrestricted
funds
2024
£
199,948
36,483
236,431
249,263		 Total
funds
2024
£
199,948
36,483
236,431
249,263		 Total
funds
2023
£
214,235
35,028
249,263

6. Investment income

UK quoted investments
Bank deposit interest
Total 2023		 Unrestricted
funds
2024
£
10,659
22,964
33,623
27,977		 Restricted
funds
2024
£
2,824
1,289
4,113
3,576		 Endowment
funds
2024
£
797
-
797
707		 Total
funds
2024
£
14,280
24,253
38,533
32,260		 Total
funds
2023
£
14,325
17,935
32,260

Page 31

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

7. Other income

Profit on sale of fixed assets
Total 2023		 Unrestricted
funds
2024
£
4,000
-		 Total
funds
2024
£
4,000
-		 Total
funds
2023
£
-

8. Expenditure on raising funds

Other trading expenses

Pupil recruitment commission
Bank interest and charges
Interest on composition fees
Trading costs - subsidiary
Total 2023		 Unrestricted
funds
2024
£
162,822
32,628
14,860
63,005
273,315
315,060		 Total
funds
2024
£
162,822
32,628
14,860
63,005
273,315
315,060		 Total
funds
2023
£
184,610
35,989
3,911
90,550
315,060

Page 32

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

9. Analysis of expenditure on charitable activities

Summary by fund type

Teaching
Welfare
Management and administration
Premises
Governance costs
Total 2023		 Unrestricted
funds
2024
£
4,352,633
1,182,468
1,532,588
1,541,348
55,393
8,664,430
8,784,887		 Restricted
funds
2024
£
-
-
54
-
-
54
-		 Total
2024
£
4,352,633
1,182,468
1,532,642
1,541,348
55,393
8,664,484
8,784,887		 Total
2023
£
4,411,804
1,148,727
1,654,337
1,519,104
50,915
8,784,887

Summary by expenditure type

Teaching
Welfare
Management and Administration
Premises
Governance
Total 2023		 Staff costs
2024
£
3,965,614
154,509
648,972
622,994
-
5,392,089
5,292,617		 Depreciation
2024
£
-
-
79,761
-
-
79,761
86,926		 Other costs
2024
£
387,019
1,027,959
803,909
918,354
55,393
3,192,634
3,405,344		 Total
2024
£
4,352,633
1,182,468
1,532,642
1,541,348
55,393
8,664,484
8,784,887		 Total
2023
£
4,411,804
1,148,727
1,654,337
1,519,104
50,915
8,784,887

Page 33

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

10. Auditors' remuneration

2024 2023
£ £
For audit services 14,330 12,445
Fees payable to the Charitable Company's auditor in respect of:
All non-audit services not included above 8,975 8,550

11. Net income/(expenditure)

This is stated after charging:

2024 2023
£ £
Depreciation of tangible fixed assets:
- owned by the company 79,761 86,926
Operating lease charges 180,550 191,080

12. Staff costs

Wages and salaries
Social security costs
Other pension costs		 Group
2024
£
4,158,097
561,802
672,190
5,392,089		 Group
2023
£
4,192,631
357,900
742,086
5,292,617		 Company
2024
£
4,158,097
561,802
672,190
5,392,089		 Company
2023
£
4,192,631
357,900
742,086
5,292,617

In addition, non payroll caterer's costs of £520,485 (2023: £468,140) and supply cover costs of £149,790 (2023: £184,018) have been incurred and are included in other costs.

Page 34

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

12. Staff costs (continued)

The full time equivalent of persons employed by the Charitable Company during the year was as follows:

Teaching
Teaching Support
Welfare
Nursery
Premises Staff
Management & Administration		 Group
2024
No.
82
17
3
6
25
19
152		 Group
2023
No.
79
19
3
4
23
18
146

The average number of employees on the payroll during the year was 173 (2023: 167)

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2024 2023
No. No.
In the band £70,001 - £80,000 - 1

Pension contributions with respect to the above were £nil (2023: £25,891).

The key management personnel consists of the Head Teacher, Director of Finance and Operations, the Heads of Departments and the Trustees. Total emoluments paid to the key management personnel, including employer's pension and national insurance, were £620,428 (2023: £613,163). One or more trustees has been paid remuneration or has received other benefits from employment with the school as permitted by the Articles of Association, being the head and the head of finance (see note 13).

13. Trustees' remuneration and expenses

During the year, no Trustees other than the head and other staff trustees received any remuneration or other benefits (2023: nil).

The head and head of finance only receive remuneration in respect of services they provide undertaking the roles of head and head of finance under their contracts of employment and are not remunerated as trustees. The total remuneration of the head amounted to £108,735 (2023: £103,438) and the total remuneration of the bursar and head of finance amounted to £88,527 (2023: £86,498). The total remuneration includes employer's pension contributions but excludes employer's national insurance.

Page 35

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

13. Trustees' remuneration and expenses (continued)

During the year ended 31 August 2024, expenses totalling £4,264 were reimbursed or paid directly to 6 Trustees (2023: £929 to 3 Trustees). These out of pocket expenses were for travelling to meetings and training costs.

The school has arranged indemnity insurance cover for trustees at a cost of £444 (2023: £2,682).

14. Tangible fixed assets

Group

Cost or valuation
At 1 September 2023
Additions
Disposals
At 31 August 2024
Depreciation
At 1 September 2023
Charge for the year
On disposals
At 31 August 2024
Net book value
At 31 August 2024
At 31 August 2023		 Freehold
property
£
6,544,112
-
-
6,544,112
-
-
-
-
6,544,112
6,544,112		 Plant and
machinery
£
963,180
180,701
(83,157)
1,060,724
846,722
24,515
(83,157)
788,080
272,644
116,458		 Motor vehicles
£
35,579
26,495
(9,359)
52,715
35,579
-
(9,359)
26,220
26,495
-		 Fixtures and
fittings
£
1,383,906
4,017
(5,013)
1,382,910
1,289,143
55,246
(5,013)
1,339,376
43,534
94,763		 Total
£
8,926,777
211,213
(97,529)
9,040,461
2,171,444
79,761
(97,529)
2,153,676
6,886,785
6,755,333

Page 36

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

14. Tangible fixed assets (continued)

Company

Cost or valuation
At 1 September 2023
Additions
Disposals
At 31 August 2024
Depreciation
At 1 September 2023
Charge for the year
On disposals
At 31 August 2024
Net book value
At 31 August 2024
At 31 August 2023		 Freehold
property
£
6,544,112
-
-
6,544,112
-
-
-
-
6,544,112
6,544,112		 Plant and
machinery
£
963,180
178,997
(83,157)
1,059,020
846,722
24,515
(83,157)
788,080
270,940
116,458		 Motor vehicles
£
35,579
-
(9,359)
26,220
35,579
-
(9,359)
26,220
-
-		 Fixtures and
fittings
£
1,379,754
4,017
(5,013)
1,378,758
1,284,991
55,246
(5,013)
1,335,224
43,534
94,763		 Total
£
8,922,625
183,014
(97,529)
9,008,110
2,167,292
79,761
(97,529)
2,149,524
6,858,586
6,755,333

Heritage assets

The Meeting House, which is a listed Heritage asset circa 1847, is located on the School's site. The School maintains the property but a separate, reliable valuation is not readily available and therefore is included in the accounts at a written down value of £nil.

Deemed cost

The land and buildings class of fixed assets was revalued on 1 August 2016 by Stephenson & Son and on 27 September 2017 by CBRE who are external to the charity. This has been treated as deemed cost under FRS 102. The basis of this valuation was trading for the school buildings and open market value for the other land and buildings. At transition the class of assets had a fair value of £6,544,112 (2022: £6,544,112) and a carrying amount at historical cost of £4,277,112 (2022: £4,277,112).

Page 37

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

15. Fixed asset investments

Group
Cost or valuation
At 1 September 2023
Additions
Revaluations
At 31 August 2024
Net book value
At 31 August 2024
At 31 August 2023		 Listed
investments
£
852,594
-
101,589
954,183
954,183
852,594		 Cash held in
portfolio
£
17,721
339
-
18,060
18,060
17,721		 Total
£
870,315
339
101,589
972,243
972,243
870,315

At the balance sheet date, the Group held investments in the COIF Charities Investment fund with a valuation of £579,487 (2023: £533,168). The historical cost is unknown.

The Group also held UK Quoted Investments with a valuation of £374,695 (2023: £131,029). The historical cost is unknown.

Page 38

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

15. Fixed asset investments (continued)

Charitable Company
Cost or valuation
At 1 September 2023
Additions
Revaluations
At 31 August 2024
Net book value
At 31 August 2024
At 31 August 2023		 Listed
investments
£
280,941
-
33,603
314,544
314,544
280,941		 Cash held in
portfolio
£
17,721
339
-
18,060
18,060
17,721		 Total
£
298,662
339
33,603
332,604
332,604
298,662

At the balance sheet date, the Charitable Company held investments in the COIF Charities Investment fund with a a valuation of £183,516 (2023: £169,850). The historical cost is unknown.

The Charitable Company also held UK Quoted Investments with a valaution of £131,029 (2023: £111,093). The historical cost is unknown.

16. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Group
2024
£
2,980,509
-
56,422
147,854
3,184,785		 Group
2023
£
2,945,530
-
26,323
243,986
3,215,839		 Company
2024
£
2,892,571
129,161
54,824
146,836
3,223,392		 Company
2023
£
2,846,910
124,801
26,323
243,060
3,241,094

Page 39

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

17. Creditors: Amounts falling due within one year

Bank loans
Pension creditor
Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Other creditors
Accruals and deferred income
Accruals and deferred income includes:
Composition fees
Fees invoiced in advance
Fees received in advance
Acceptance fees
Accruals
Prizes
Other		 Group
2024
£
66,667
57,639
835,942
-
90,947
115,252
3,491,206
4,657,653
Group
2024
£
151,989
2,475,497
575,968
52,757
225,776
4,000
5,219
3,491,206		 Group
2023
£
200,000
64,488
944,186
-
88,008
108,602
3,638,818
5,044,102
Group
2023
£
146,507
2,827,707
458,871
46,457
152,587
4,000
2,689
3,638,818		 Company
2024
£
66,667
57,639
816,868
198,385
89,263
115,252
3,484,841
4,828,915
Company
2024
£
151,989
2,475,497
575,968
52,757
219,411
4,000
5,219
3,484,841		 Company
2023
£
200,000
64,488
912,054
199,041
87,088
108,602
3,630,315
5,201,588
Company
2023
£
146,507
2,827,707
458,871
46,457
144,084
4,000
2,689
3,630,315

The majority of deferred income relates to fees for the forthcoming school term. Acceptance fees are refundable when the pupil leaves the School.

Bank loans are secured as disclosed in note 18 to the Financial Statements.

Page 40

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

18. Creditors: Amounts falling due after more than one year

Bank loans
Amounts owed to group undertakings
Composition fees		 Group
2024
£
-
-
683,552
683,552		 Group
2023
£
66,666
-
597,044
663,710		 Company
2024
£
-
2,196,127
683,552
2,879,679		 Company
2023
£
66,666
2,196,127
597,044
2,859,837

Composition fees may be returned in certain, exceptional circumstances. Assuming pupils will remain in school, £83,996 will be due within two to five years (2023: £274,493) and £599,556 will be due in more than 5 years (2023: £322,551).

The bank loan is repayable in installments with the final repayment due 31 December 2025. Interest is charged at 3% above the base rate.

The bank loan is secured by way of a fixed charge over specific land held by the School.

Page 41

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

19. Statement of funds

Statement of funds - current year

Unrestricted
funds
General reserve
Ackworth School
1950 Trust
Ackworth School
Estates Limited
Unallocated
amounts		 Balance at 1
September
2023
£
2,210,058
1,781,895
13,184
-
4,005,137		 Income
£
8,764,023
10,921
221,506
9,670
9,006,120		 Expenditure
£
(8,843,879)
(20,050)
(64,146)
(9,670)
(8,937,745)		 Transfers
in/out
£
158,443
-
(158,443)
-
-		 Gains/
(Losses)
£
29,347
28,359
-
-
57,706		 Balance at 31
August 2024
£
2,317,992
1,801,125
12,101
-
4,131,218

The General reserve and Revaluation reserve are the funds of the company.

Endowment funds

Endowment funds
Ackworth &
Freshfield
Educational
Foundation 143,797 797 - - 14,551 159,145

Purpose of endowment funds :

Ackworth and Freshfield Educational Foundation

Monies held for the generation of income to support the provision of scholarships for Ackworth School with the residual being applied for providing financial assistance to those pupils going into further education.

Page 42

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

19. Statement of funds (continued)

Restricted funds
School various
funds
Wennington
School Bursary
Fund
Ackworth &
Freshfield
Educational
Foundation
Ackworth School
1950 Trust
Total of funds		 Balance at 1
September
2023
£
471,612
108,361
211,398
967,996
1,759,367
5,908,301		 Income
£
7,451
1,267
880
3,223
12,821
9,019,738		 Expenditure
£
-
(32)
(22)
-
(54)
(8,937,799)		 Transfers
in/out
£
-
-
-
-
-
-		 Gains/
(Losses)
£
4,256
7,748
13,920
3,408
29,332
101,589		 Balance at 31
August 2024
£
483,319
117,344
226,176
974,627
1,801,466
6,091,829

Purpose of restricted funds:

School various funds

This balance is comprised of historic donations and legacies from numerous individual donors. The terms and conditions of the funds relate to specific requests at the time of receipt by the School, however these have been lost over time.

Wennington School Bursary Fund

This fund is for the provision of financial support to those under 25 attending or about to attend Ackworth School through the provision of scholarships and bursaries.

Ackworth & Freshfield Educational Foundation

The provision of special benefits for Ackworth School with the residual being applied for the awarding of bursaries and providing financial assistance to those pupils going into further education or travelling.

Ackworth School 1950 Trust

This relates to various restricted donations lent to the School for specific use.

Page 43

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

19. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
General reserve
Ackworth School
1950 Trust
Ackworth School
Estates Limited
Endowment funds
Ackworth &
Freshfield
Educational
Foundation		 Balance at
1 September
2022
£
3,036,593
1,773,871
13,185
4,823,649
144,324		 Income
£
8,061,205
10,859
215,348
8,287,412
707		 Expenditure
£
(9,009,397)
-
(90,550)
(9,099,947)
-		 Transfers
in/out
£
124,799
-
(124,799)
-
-		 Gains/
(Losses)
£
(3,142)
(2,835)
-
(5,977)
(1,234)		 Balance at
31 August
2023
£
2,210,058
1,781,895
13,184
4,005,137
143,797

Page 44

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

19. Statement of funds (continued)

Restricted funds
School various
funds
Wennington
School Bursary
Fund
Ackworth &
Freshfield
Educational
Foundation
Ackworth School
1950 Trust
Total of funds		 Balance at
1 September
2022
£
443,452
107,836
210,691
965,380
1,727,359
6,695,332		 Income
£
28,160
895
733
3,456
33,244
8,321,363		 Expenditure
£
-
-
-
-
-
(9,099,947)		 Transfers
in/out
£
-
-
-
-
-
-		 Gains/
(Losses)
£
-
(370)
(26)
(840)
(1,236)
(8,447)		 Balance at
31 August
2023
£
471,612
108,361
211,398
967,996
1,759,367
5,908,301

20. Summary of funds Summary of funds - current year

General funds
Endowment funds
Restricted funds		 Balance at 1
September
2023
£
4,005,137
143,797
1,759,367
5,908,301		 Income
£
9,006,120
797
12,821
9,019,738		 Expenditure
£
(8,937,745)
-
(54)
(8,937,799)		 Transfers
in/out
£
-
-
-
-		 Gains/
(Losses)
£
57,706
14,551
29,332
101,589		 Balance at 31
August 2024
£
4,131,218
159,145
1,801,466
6,091,829

Page 45

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

20. Summary of funds (continued)

Summary of funds - prior year

General funds
Endowment funds
Restricted funds		 Balance at
1 September
2022
£
4,823,649
144,324
1,727,359
6,695,332		 Income
£
8,287,412
707
33,244
8,321,363		 Expenditure
£
(9,099,947)
-
-
(9,099,947)		 Transfers
in/out
£
-
-
-
-		 Gains/
(Losses)
£
(5,977)
(1,234)
(1,236)
(8,447)		 Balance at
31 August
2023
£
4,005,137
143,797
1,759,367
5,908,301

21. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2024
£
6,886,785
21,875
2,563,763
(4,657,653)
(683,552)
4,131,218		 Restricted
funds
2024
£
-
801,466
1,000,000
-
-
1,801,466		 Endowment
funds
2024
£
-
148,902
10,243
-
-
159,145		 Total
funds
2024
£
6,886,785
972,243
3,574,006
(4,657,653)
(683,552)
6,091,829

Page 46

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

21. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2023
£
6,755,333
608,911
2,348,705
(5,044,102)
(663,710)
4,005,137		 Restricted
funds
2023
£
-
127,054
1,632,313
-
-
1,759,367		 Endowment
funds
2023
£
-
134,350
9,447
-
-
143,797		 Total
funds
2023
£
6,755,333
870,315
3,990,465
(5,044,102)
(663,710)
5,908,301

22. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
(Gains)/losses on investments
Dividends, interests and rents from investments
Loss/(profit) on the sale of fixed assets
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Interest payable
Net cash provided by operating activities		 Group
2024
£
183,528
79,761
(101,589)
(38,534)
(4,000)
31,054
(166,608)
25,394
9,006		 Group
2023
£
(787,031)
86,926
8,447
(32,260)
-
(740,953)
1,780,469
22,241
337,839

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

23. Analysis of cash and cash equivalents

Cash at bank
Investment portfolio
Total cash and cash equivalents		 Group
2024
£
389,221
18,060
407,281		 Group
2023
£
774,626
17,721
792,347

24. Analysis of changes in net debt

Cash at bank and in hand
Cash equivalents
Debt due within 1 year
Debt due after 1 year		 At 1
September
2023
£
774,626
17,721
(200,000)
(66,666)
525,681		 Cash flows
£
(385,405)
339
133,333
66,666
(185,067)		 At 31 August
2024
£
389,221
18,060
(66,667)
-
340,614

25. Pension schemes

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £672,190 (2023 - £742,086). Amounts totalling £57,639 (2023: £64,488) were payable to the fund at the balance sheet date and are included in creditors.

Page 48

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

26. Operating lease commitments

At 31 August 2024 the Group and the Charitable Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years		 Group
2024
£
187,595
189,875
-
377,470		 Group
2023
£
209,815
332,334
5,621
547,770		 Company
2024
£
187,595
189,875
-
377,470		 Company
2023
£
209,815
332,334
5,621
547,770

Page 49

Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132

ACKWORTH SCHOOL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

27. Related party transactions

Ackworth School Estates Limites (ASEL)

(Ackworth School is the ultimate controlling entity)

The main activity is the letting of the facilities of Ackworth School. During the year sales amounting to £2,047 (2023: £174) were invoiced to ASEL, and purchases were made from ASEL totalling £11,717 (2023: £9,997) and the profit of the company is made available to the School by way of a deed of covenant.

At the balance sheet date the amount due from ASEL was £129,161 (2023: £124,799). A grant totalling £20,000 (2023: £nil) was also received from Ackworth School 1950 Trust, the immediate controlling entity.

Ackworth School 1950 Trust

(The Trustees are also Trustees of Ackworth School)

Ackworth School 1950 Trust receives gifts, legacies and donations and lends these funds to Ackworth School. In the year grants of £20,000 (2023: £nil) were paid to the Ackworth School Estates Limited, a subsidiary undertaking for the purposes of letting the premises and land at Ackworth School.

At the balance sheet date the amount due to Ackworth School 1950 Trust was £2,196,128 (2023: £2,196,128) and accrued interest of £247 (2023: £373).

Ackworth & Freshfield Educational Foundation

(The Trustees are also Trustees of Ackworth School)

At the balance sheet date £159,768 (2023: £159,768) was payable to Ackworth & Freshfield Educational Foundation and accrued interest of £115 (2023: £99).

Wennington School Bursary Fund

(The Trustees are also Trustees of Ackworth School)

At the balance sheet date the net amount due to Wennington School Bursary Fund was £38,617 (2023: £38,617) and accrued interest of £207 (2023: £183).

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Document ID: fface45a7117193ffd1eac284afbe4f1fa9e073870f5353738df9b91ee363132