RECISTERED NUMBEIL. 1193132 Report of the Trustees and FI￿￿¢111 St*temellts for the Yur Ended 31 M*rch 2024 The IAoyd WilliaDtyott SchoDls Found8dott Hanis iAccyAnd Swain Cbatlered Actounwits and StsDJtory AudltOTS Suik I The RiversidE Budding He5$1¢ ELst Yorksbir¢ HU13 ODZ The iJoyd w￿l1n￿n Schoots FoKndatloD Contents of the Flnatycl•I St•tern¢ots ror the Year Ellded 31 March 2024 Report of tbt Tnsttes 1 ts) 13 Rwrt oftl*e Indeptndent AudltOTS 14 to 17 St•tsll*nt of FInan¢1￿ Aedvltl 18 lance Shrtt 19 Clsh Flow Ststern¢nt 20 Notes to tknCAsh Flow Stalemrnt 21 Notu th¢ Fln•Dclal St*tcmEwts 22 to 30 Th¢ Lloyd IIryIIiAm5oo S¢TrLOD15 FotsDdadoD Rwrt ofthe Truste for thè Yelr E4dtyJJl Mveh 2024 Thr InJ5tees present their report with the finaD¢ial staten%nts of the charity for the ye4T ended 31 Martb 2024. Tbe trustees have adopted the proN?SiDDS of AccDullting 8TrJ Repothg by Charities.. Ststernent of R¢0)M￿nded Prn¢ti¢e applicable to ¢h￿ltieS prepaTing 8t£OUDts in ￿cOrdIn￿ with the Fin￿2&1 RwrtiD8 Stsmdard èpplicBbk in the UK 4nd Republic of Ireland IFRS 1021 (effective l JarLuary20191. The L]oyd Willia￿On SchMls Foundation Report of the Trvstees ror tht Yur Endel 31 Mlrch 2024 OBJECTIVES LYTJ AcfiviTIES Obltttlves Ajxd &im5 Our Alms The Lloyd WilliwNson s¢b￿ls Foundation is a CJO - FOUNDATION registered on 18 JAnuJry 2021. The stlM)ol was OF]￿nallY founded in 1999. Th¢ objective of the School 18 to adv&nce ¢ducation for the publi¢ benEfLI in 5ucb way5 as the ctwity fnLStees think fil in parncul?r, but not cxrlwsivcly, by operatln8 5¢hools. Wt aim to provide an ex¢ellBnl educlltion to ¢hildre# frorn the ages of 4 llM>TJths to 17. We provide & 5tnJetuttd ational en￿rOnment that develops our pupils, capabilities, ¢omp¢t¢n¢ie5 skjlls. W¢ PTomotc the academi¢, ny)ral and phy5ic&I develOpn￿llt of OUT pupils thrDuBh OUT curriculurn, p8StOTal G¥e, sportthg and other activities. We pTo*de all educational enviTtsrunent where each student develop èlld fvlfil their potenual. building th¢ S¢￿-¢Onfide￿¢ and llJ¢ul¢atillE & d¢sir¢ to ￿ntribUte to th¢ widu community. In $0 doin& we prepare OUT pupil% for the oppomthities. respon5ibililies Lnd ¢xpttrience of later lift. ShoTt term alms Ind objectivesof the eharlty Othr key objectives for the year.. . To secure and then Tefurbish a new UFper Scbwl builthng1206-208 LaliT[￿r Road, WIO 6QYI. The TcdevelowRnt of th¢ Latimer Road building is on8oin8 a￿d wll provid¢ t￿Oigh space to providt the best possibl¢ ¢du¢ationttl enviroDm¢nt for children. - To ¢mporaTily tombinB the Nw5ery, Lower Upper Schools on the 77 St ChaTl¢s 94we sitc while trAJildin8 work is tskn"n8 pla¢t in Latim2T Road - To join the Independent S¢FM)ol$ Associatton - To move our inspc¢iion pro¢c5S to the IndepeDJent S¢hooLs InspectOTk -To Secure the str¥icE5 of a Special Needs Co-ordinator- Ja¢ki¢ Heywood to further sUPPOrt duldr¢n SEY - To improve PE piovision by ￿ing the serri¢es of speciali5g PE ¢oarh¢5 and the use of local spa¢¢s aDd facilities such 85 Ihe WesNvay Sports Centre_ - To in¥rove readLng though Maff r¢8inillg resource5 -To inwove staff TecnJitsY*ni by using Z%n EducAte Loni term and objtctÉ*ei of the ¢h*r5ty - To provide education lo age 19. - To TE$ttU¢tuTe the SLT to providt leadership lo tsk¢ th¢ school forw¥d into September 2025 and beyond. - Tbe achievemeDI of these aims 4ry11 fijrther the ¢harity¥ putposc by eSLAbling the ￿h(￿)I to offer affoTdabk frcs ¢hildT¢n who do ftot always fil into larger ststc s¢hools. Dayto day tnalla8e￿￿N of tr Schools is deleeated to the Co-prin¢ipals the 5uppon of the lead¢rthip tearrL Our Oblectlves and Ethos School Vblon & Values Ow $chool strives lo create L inclusive, aDd academically ex¢ellent environmeth wfieTe every Child fe¢15 V￿Ued and empow¢red to reach tbeit f￿1[ potential. W¢ celebT&ie div¢tsity and ¢ncourn8e curiosity. ¢rea(ivity, and lifelong love of learning. Our Approach - Individualized Edutation.. We off¢T 5n>ll ¢lass sizes and a per59nBtizcd curriculurn tailored to each student's rK¢d5 4nd le&rnin8 style. Holistic Development.. In addition to acade￿￿e study, we f4)CUg on so¢iaJ 8ttd enM)tson&l learning? char8¢rer develownttni, and building f¢5ilien¢¢. - Safe 2nd Supportivc Community". (hr school fosters o welcomin8 and inclusive amosphere W￿re $tudeDts feel 5aft, T¢Bpe¢*l •nd supported. P88e 2 The LIDyd WIIIAamsoll Schoo15 Fo*nd*tlom Report orth¢ Trustte5 ror ihe Year Ended 31 March 2024 Our GD*b .4L1d¢mie Lxccllence. Wc art C(immilTed to providitlB a liigli-qu2lily LY51￿%110Tr thii prLWllT¢S Stud¢n15 lor succcss i 5c'liiX)l lind iK'yiJnd. Tlic str￿nts 8r¢ encO￿r9￿d kn rhinK- oboui Ihcir fuwres and lo dLTrclop Ambiiiou5 Eoals for thBII lil-l￿ EINd Larc¢rs. SttJd¢ni Well-being We prioritise the etrtotiond social w¢ll-b¢in8 of OUT s￿￿ents. creating a positive and nurturing learning ¢nvironment. - Lonimiinii!. Enga8erKntr. W¢ believe in buildiD8 strong partnerships wth families and the ¢onYmwity 10 5UPPOrt SDJd¢ni succcss. Strateyes of Achieving Airns 8ftdObNtives . Clintiniic to %%"<)Ik ikjth t￿￿1￿.¢* lind 512ff10 and promote the schools unique ethos. - Creating an annual Self Eviluation FTaTiiewoTk. - Ass¢s5 surcess Ihrou8h the prw&% of ¢3¢h iTrJivithJal Child. Crlteriq to suctess - ReviewiJL8 Ibc School Improv¢meM pkn re￿Il￿Y to t[￿su￿ pro8rtss. - PlaD to rn¢asure each child's metttsl Well*￿￿8 USllIB tbe Cambridge Well BeiDB 5COTe8 - Exam r¢sul Admkgslou Prn¢¢ We welcome srudEnts frorn all backgrounds and abilitics. Our 4Llini%sFvn% *(￿lI￿¢S on as>¢siing A student poicntial. We do not 141%irimiiale bascd on ra¢c, ethniLiiv. rlligiom. gttKIcT. or *<)Ii¢)cLI)nomic %taiu4. Trial days Are wJd¢riaL'en to salisfyoiir5t signifi¢ant charitable e￿iVIty rhat i5 undcrtak¢n i5 to provide bursary support 10 over SO/• of pupils and low cos( fees to all. Lloyd Williamson aiTn5 to give the children a holistic educaiional exp¢rien¢¢ to SUPFK)ri families wlio would not necessarily engage Lomfonably with larger schools. Digital Managemtnr System Many asp¢cis of school lif¢ are recorded via AIMS. our MIS. Atte[￿aTr¢¢, timetable. pupil behaviour and praise, homework. aiiainmLnl. reports and safeguarding can all be found on AIMS. All teaching staft and LSAS have access a￿j parents have access lo information rec<>rd¢d aboui Ikir child. AtAdemi¢ Achitvements Our IGCSEIGCSE opiions now includ¢ FilrD Studies. PE, Astrot)omy and Latin. W¢ cgn now tsff¢r GCSE$ from Ihe Cambridge Iniernational. OCR and WJEC boar(ts. Rarely. do students have to choose beiwe¢n subjects - we can off¢r a1rn051 all co]nbiJMtions of subjects. In 2023, 2701ty of studcnts achi¢ved grades 5.9 at their IGCSEslGCSEs. This ivas a v¢ry small ¢ohort (only 3 Sludentsl. including one student with SEN. We txpeci ￿ do b¢ii¢r in 2024. Wrap arouxd tart We currently off¢r a breakfasi club and after sctK>oI club until 6pm ai ne addiiional charge. This 15 likely to change onct we have ihe new building. Take up of thi5 facilili. is now mustly by pupils in r¢c¢ipt of bursary places. There is also a holiday club open to our ¢hildTen and cliildren from other schools which is rcasonably priced. In addition. there are varjou$ 5pe¢ialist after school clubs. Currently, fwiball, chess and backgatrunon a[￿ L¢go. These are subject io change and lake up has much lower since Covid. School and nursery Dewslttters School and nursery new'sletters ar¢ published nearly evcry week. with usefvl infoThation for parthts and a ccl¢braiion of children's achievements. Sport Tliis acadetnic y¢ar, we have had 2 sports coaches. Taryl Mendi5 artd Bojan Zuni¢ delivered our Friday PE, giving more opporlunitits for varied SkX)rting aclivilies. One pupil is a county squash player, one a county cross country runner and onc is European f¢n¢ing champion in the U-15s. These aciiviiies ividen rhildren's sportin8 experience of the world ¢tthtyn¢ing their potential. Page 5 Lloyd Willi*]n50n S¢hool$ Foundatlo Report of the Trnstee5 for tbe Year EndEd 31 M*rrh 2024 OPJEcfJvES ATr4D ACTIVITIF3 School Trip5 There were plenty of s¢knol trips in the I￿1 year. Th¢ Low¢rS¢knol weth to Hackney City Farns, the Victoria and Albert 10 the Unicom Tkatte to see The Bolds.. 8od London Zoo. The Year 65 and 7$ took pirt in K¢nMnwon and Chelseag lunior CItizcn5hip schem¢ hr the Nstttral History Museum. The older pupils took part in a gco8raphy fi¢ld trip as part of the ThaTnes Mudiarks proBtaTllTne. They also V￿lled the kience Mweunl th¢ NatLwdl History Mi useum the I￿pcri￿I WaT Museurn. Film StLLdies SU￿entS went to a tevision tslk 41 th¢ BFI thd Ihc year I I went io 5¢¢ 'WitDe55 for the Prose¢viton'. These activilles ￿den ¢hildTell's experienc¢ of the world ill¥roving their potelllial. PGL Out annual trip lo PGL Sadly had lo bE ¢anrelled for M¥y 2023 due to lack of take up of the place5. IT is uLsure whett this will be offered a8atft. ATrnu•l project W¢ held the annual Ptojeci in Sprin8 2024 bascd on *tists. Every child w¥ 8iv¢n a name of an artist alld had lo creatr a projc¢Van work based on it. There were prizes for th¢ winneys. The5c aGtiVlti¢s give eath child th¢ oppornthity lo expre$s Ibem5elve5 in their own way, particularly giviD8 less a¢adEn2i¢ children the ehance lo achieve in other way5. Pastor•l Pasfvral care and st￿¢nt wellbun8 remains ai the Centre of the ￿h0o1,5 ¢thos. Pupils in years 10 ènd 11 rec2ive rewlar mentorin8 lo help th¢m achieve their Eoals. SclLwI council ￿e￿Ing5 8re heldte8ulÈrly snd wisbes of th¢ stsdenis tre teken into ¢onsiderntion by the C(Fpnncipais. Ch8rlt5ts #t)d fllndr•uinE We host a collection for a local food bank to whi¢b pupil$ and parents resularly ￿ntribute. Mufti d#y5 ate held regularly to r8iSV tmnEy for Jeans for GeDes, Children in N¢e( Young Minds, Red cro￿ Crisis aDd many others. Thi5 reminds chllthn of their pl￿¢ in the world artd the need to help others. Bur54ries This ￿￿T the value of means te51ed bwrie5 totalled £432.0(K).00. Th' lo change duTing the 2024-2) financial year and may lead to the 5¢hool being able to tnake laim for some back VAT paid. We also pay tax as an employer through ihe national insurance contribuiions we make. In additional to the very subsLqniial benefits our School bring5 to our pupils, the local communiiy and society through the educaiion we off¢r. our bUr￿ry PTogratnmtr ¢reate8 a social &%sei without cost to the Exchequer or th¢ local authority. With the agreetD¢nl of the b¢nefactor. furiher bursartes have been paused until there are increased numbets of children on our low Cost fee strucitire. The charity is aiming to becorne s¢lf 5uffi¢ient by 2030. As mted before, the charity is concerned about any ifflpact of a change of 8ovemmeni on both VAT regisiration and haiiiabl¢ slalus. Dtvelopments *nd Mailltenah¢¢ Majur projeLlS includes the compleie refurbishrtJ¢nl of 20&208 Latimer Road, including neiv roof. new windows and an addiiional fire esca￿ stair¢ase. General maintenance took plclC¢ in Telford Road before we left the buildinE, and in 77 St Charles Squarc.This propcrty has a 15 y¢ur l¢as¢ on it which we have recognised within the financial stakrn¢nls. The new building Ivill provide a conducive learning eDviroTllnent. It will split again the Lower 4Lnd Upper Schools. Lab5 will now be on both.%ile%. giving boih primary and secondary pupils purpose built rooms for science. Thi5 elit￿nCeS the quality (If the education delivered. Th¢ itnpaci of the new school will hopcfully benefit each child that ihe school supporis and cducaies. W¢ hope that th¢ neiv ¢nvironm¢nt brings a betier. clearer and more effective learning opportunity for the Students. 10 benefit them and ¢ncouiage a belter education for them. FiD¥ntixl He*lth The CEO regularly reviews the fLn#nces and budgets &% part ofthe effective st¢wardship of the S¢hool. The Khool has a conrinuitlg progr8mm¢ of refitrbishrttent, developmeni 8md inve5tm¢nt to ttLaint8in excellertt *a¢hing facilities foT our pupils. The fr¢¢ re5eTV¢5 ar¢ at a balart¢e of £535.964. which illustrates the Ext¢nt of th¢ iDv¢$tment in our Schools. The closing value of our tangible assets. prop¢rty. plani and equipment. w&% £2.•76.023. Th2 bcnefaeior who currently supp)rts the ¢hwity 1$ committed to a long tem) approach. Provision has beett made to secure the firturc of the chaTity $IKiuld the benefaC￿r pass away. Tht benefactor 15 wholly supportive of th¢ aims and obj¢ciives of th¢ charity and in supporting the school in providing eduoiion to pupils who may noi oiheN'i5e fit into siaie sch(M)l or other local indepelldent school& Page 7 The Lloyd WIUiams0Tr School$ FowidAtion Report of the Trustees for the Yemr Exded 31 Mir¢b 2024 Thert hag been an Èdjustmtnl mDdB to an erroT rt8aTdin8 8ift Rid to bt r¢¢eived, which was cltimed back in 2023. The oveT211 adjustm¢nl is a dttreasc in 2023's regerves of £258,700. A corte5poJxfing adjustmeDI, of the sllm¢ valuc, has been made in the cutr¢nt y¢aT. irtcreasing re￿￿e$ by £258,700. Liabuity For our le&ching and support staff w¢ offer a defined contiibution scheme wbith is opernied by Nest, wryll rncrf any futsJT¢ liability. ktservt5 poIIcy Th¢ thJstc¢s ieview the TeseTve levels of the foundation ann￿)ly. This TeNiew tncompasse& the natun of income and exp¢ndiwr¢ sli*dm5, the nttd to matrh incorne ￿ryth com)XiDnents aDd tb¢ n4tt]n of J¢5¢rve5. The It￿teeS hold a poly¢y io keep 6 rrnnihs re5crves to ¢oveT cbarity expendi￿re fot the finAneial yur. thts ¢qUd¢cs to £829,676. Th¢ reserves ¢UTretttly held by the charity aT¢ below this requirttz¢nt due lo the inv¢5tnYni in rep*iTS Dn the new school building along Th?th A ch8ng¢ in a¢¢ourJting wlicy for operating leases. The Chariry are in discwions about howthey will be abl¢ 10 build thc8e reserve5 back up ￿ the desired arnount After makin8 appropiiate tnquiri¢s, the Boord of TNsiee8 ha$ b r¢350nable ¢xpe¢ratiDn that the fow)Oaiion has adequllle rf4our¢e$ to ¢oniinu2 in operational ¢xiSitt￿¢ for the forcseeable For this te￿On, il continues ￿ adopt the going concern basis ID preparing the financial statemeThts. FurtTrRr d¢tsils reB*Titing the adoption of th¢ Eoing c(mC2rn b&si4 ¢8 be fouTJd in the St&t¢meni of Accounting Policies. Tbe total level of fr¢¢ reseJv¢s heidwithin Ibe foundation we £535,964. Pag¢ 8 The Uoyd WIIEl•mson S¢lLoob Found•tio Repori of the Trntees ror the Yur £￿ded 31 March 2024 FINANCIAL REVIEW Our Strate8les and Policie5 Our Ttustrcs are respoosiblc for $ettiDg & Strat¢g￿ diTe¢iion for achievi￿8 the school s obje¢llv¢s. The foc￿ of our strategy is on the deVelop￿rtnt of ourpupils, their¢ontinued higb levels of academic andtO-CUTri¢ulatachievernenc In tabng IoTWaTd our strategy. we.. - Review and benchmark the S¢hool's a¢ademi¢ 5yll8bus, teachingpractsvs, and ex8mination Te5uIts. Enswe the range of co-curricularactivihes availablc to OUT pupils is SEimulatinB 8Dd ¢ballenwn8. - Invest in technology and the ￿fraStructure of our School. - Continu¢ io T¢view and develop our methods for awardin8 bwsBriCSto tn&llTe acG¢ss to pupi15 from all b8tkBroutth the io¢al aT¢a. Acte55 Pollry IL is imponant to us that a¢ttss to tbe e41uc4li¢)n we offer is not ttstri¢l¢d ￿ those WJH) CEn afford our frcs. W¢ Wievy our pupils beuefii from learning V¢ithin a div¢TS¢ community. A grcal deal of le3Tring occurs through social interacti¢ onver53tion and shaT¢d experiences whicb help5 our pupils d¢v¢lop undetstsnthng of the pBr5pectivts of other p¢oplc that will be vital in thcir adult livcs. Ow bursarypolicy contributes to a ￿d¢nIng of a¢ce8S te the ethjcation we offer and the facilities w¢ ¢DjOy. Burd*Ty Ptrttty rhe Trustees view our hur52ry aw8Tds as unportant helpiYJ8 to ensure chddren fTOTn families who would othenvise not be able io afford the fees can acce￿ the education we offer. Our bwsary awatds are available io all who O gcn¢ral entry rnquir¢m¢nlS and are 501cty on the bas15 of porcntal Means or to relieve hardship wh¢re • pupils eduulion and thturepr05pects would othETwise be at risk for ex*Nple ￿ the ca% of rtdundancy. In asses$iDg m¢8ns we lake antstthrof factors thio con$ideTatiOn in¢luth"ng family irKom¢, IDv¢stn￿ts and savings and [￿￿[Y ¢iT¢UmStsncn, Bnd thosc benefihng from the awar(b. The b￿sary awards rAnge from 5% to T¢mission of f¢es. We also have & htsTdsbip fund that supplements burw aw4Td5 to pay for corfurricul8r ￿tivIti￿$. equipment and S¢1￿0[ trips. Inf¢rnirion about f¢t assi51ancE Ihrou¥h bur5ari¢s IS PTDiided to all ¥plying to Ihe School. Furthei detai15 of ¢)w butsarypoli¢yaDd howtQ apply ar¢ ovailabl¢ on wrw¢b5lt¢. The success of our bwsttry 8¢heme is explained in our reiryew of ￿tti￿tte$ aThl achievements 5e¢tion of this repoit Dvtsi15 of buT5ary awaTd5 arc a150 sel out in note 5 to thc accounts Other pfylicles OD A5$iStwn¢e: Slbmni dl$couftts polley To underlin¢ the valu¢ wr pl&rt on ¢ontinuiry for familics, wc offer 5% discount for the Second child and IO•/4 djaw￿l for the thiid child, where pareTLE have mDie thaD one child ai the Sthool. Pa8¢ 9 Tht Lloyd Wjwamson Schools Fovndatho kEPOrt of the Tru$tccs for ihe Ytar Emdtd 31 M#rch 2924 FUTURE PLA.YS Th¢ CEO ai]n5 to malljtain the 5choofs pDsilion in a ¢OnlPilili%'¥ TnJrk'ti by investin8 in hi8h*uality ¢dUcathO￿ foF its pupils. lo alliiive this, IhL' sclivol pa￿* 10 iiicr¢ase pupil nwmkr.% rth¢￿AIn8 on fujl frc-paying S￿￿trots. as firture plans will b¢ linanlx'd primaTily Ilirvii¥h fee incl>￿. Thc school ainL8 LO a¢hieM: a liigh Stslillard of Ac4demic rc5uIt5 ￿"hilL. iiiainruiriTr£ a bYo8d and 4Jicp Curriivlum. The Senior Leadership Team will contintse tii rLI'iewthe curriculum 10 Llt%urc It rcinaTHs appropr?at¢ forpupils, dc%'clopmeni Tlic Tni%iLLS view butsary. a￿ard￿ as ililpoftani In 4upportill8 the local ¢ommunity. Huil'l￿Lf, v¢n. frw furrher bursari¢5 Lan b¢ gionted utttii pupil nun*eTS and ftt I￿01￿￿ risi,, with the exLL'PliOD of a r¢fiigec iliil)rE of the5¢ Skill Exctull%'¢ l.cadership P¢rsunnol Tlit Trusic¥% dLILniiinL ihv g¢ncrnl ￿irc￿lI{￿ll ￿r ihL Scbtsol. flic dai. io da!. nlllTling ¢1. Ihc School is dL1cb￿lcd ID the l-L(I,Co-pnnLipal 4llPWrtcd h¥ %LniDf 8￿11-. .SIIc iLiTr¢ILnak'LS I￿. k-Ly IcJdeT%liip rtble ov¢riCL'ln8 cducationiil. pasiornl and Tlie LE0/Co-p￿￿(lpaT ntrCTSL¢S thE fcLruilintnt lif Jll gtall.. ￿'hI1£1 (ILIL'oaiThi authority the bU￿ar Oi"ersL*S the recniitmcnl of ailiniii1sTr[ji'¢ and non-t¢aLhinir suppoN sLilT. TIIL CBOIGI-priniipiil and Head of ,Idinin.Ilurstsr ar¢ inNited to attend T[￿ttes, n￿et￿&s. Page 10 Th¢ Lknyd WAJIIan￿on Sehoob Found*tioD Repor( oltht Trusttrs for the Y¢ar 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENr Key managemertt Temuner•tio Thc Trustees consider Ibat the CEOIC&pr1ttJp￿ and th¢ Head of AdmiwBursEr comprisE the Kcy Mana8em¢DI Perwtll*l. The Tn￿￿¢S give of Eh¢ii tiTnt freely and dle CEOIPrincip&l Lu¢y Meyer. curendy woTks as & volvn¢¢er. Pay 15 set by the CEO using the follown8 Criteria,. nature of thc tole and teswzLsibiliti¢s ojnpelitor salaries in the region the 8e¢tOT RveT&ge salary for comparnblc posillOIJS ITen(Ls in pay R15k m*r&*8tmtnt The TrtL4tee$ 8re reSpO￿lbIe foT thc ¢verse¢ih8 Df Ihe risks faced by the School. Detailed considerdtions of risk Rre d¢l¢gated to the Senior man8gen￿ntOf th2 khool. Risks ÈTe id¢ntified, assc$8ed ond controls estsblisbed throughout thc year. A fonnal reNi¢w of the chEritys risk m￿gement processes is wHlcrtaken on an anmthl basis. lknsk 1$ man#8ed Jdcr tk headin8$ of financial sustai#&bility, school safety, sNdeDI welfare, empl0￿ment. sebwl trips and events and community access. Major risks ha￿ beeo revieNrd gnd s￿en￿ Orpr(wI￿ have beert establi5h¢d to nxnaBe i]x)5e risks. Princip41 ris￿ untertallltlts and the 5¢rai¢Et# In m*h*giDg these On¢ of the riskn to the school is th¢ fallw8 birth rxtc Rnd consequent ovtrswly in primary edu¢ètion, in wti¢ulaT. The school i$ implerrthing a strateEY of combin8elatse$ where practit21 $tre*nlininE ￿affing. A potenttal govcrnmenl cO￿d abolith ¢h8rity status and introdu¢¢ VAT on ￿h0o1 fees, le2th.ng to bigher fee$ for the PArents and higheT ac£¢)untanry ftts for the ¢hatity. It rnly also create more Admin￿trativ¢ work. Stralcgies will implcmented once th¢ chariry know the outrornt of th¢ 8eneT¥l electiOD what policies will bc put in place by any 8oveTnttient The ChBrity uJxl¢TStands that it need5 to wmply with pr¢Yailmg law4 and r¢8ulatiorJ3 sel out by orgaDiS81i¢ns such 85 Ofsled Ènd th¢ D¢p•rtment of Education and ¢ontintts to 5trvc to engjre tbose laK T￿￿21lon$ are follow￿ strict and determined manner. REFERENCE AN'D ADMINISTRATIVE DETAILS ReE151ered Cb*tlty nunA)¢r PrAncI￿7 addrtts Lkyd Williallwn Schools 12 Telford Road Londu W105SH Trustro5 Dr L F Yahllya Ir¢*8ncd 27.11.241 R S Lawl4n {resi￿ed 31.3.241 Mr5 C Vaughzn Iresigned 31.10.231 Ms M F Taylor Mts N Hallbery (appointed 17.4.24) A fjohl lappointd 21.3.241 Z Man&urov {appointe45 29.6.23) Page 11 Tht Lloyd WilliamsoD Scltg015 FoundatioD Report of the Trustees for the Year Endcd 31 March 2014 REFEREliCE AND ADMI*41STRATIVE DETAILS Audltors Harr15 Lacey and Swain Chartered Ac¢ounuDts a[￿ 5tswtoryAuditors Suit¢ I Th¢ Riyerside Building H¢ssle Eam YoTk$hire HU130DZ Soliclto fjordon5 Solicilors EdgebotOUBh House UppeT Edgebomugh Road Guildford GUI 2BJ Pbone.. 01483 45191M) Fax.. 01483 451888 DX.. 321101 Guildford ZO I￿1￿rInCe Brokers ACM Embatool House 104 High St Londort Colnty Si Albans AL2 IQL PhonB'. 01923 894360 AccountaDts Hams Lacey &nd Sw&in Suit¢ l. Th¢ ￿versIde Builthn8 Liwn8Stone Road Hessle HD130DZ Phone.. 01482 646440 CEO and PlUi%CtPAL Lucy Meyer CO-PRINCIPAL A3Ton WillianLS HEAD OF ADMINIBURSAR AND CLERK TO THE TRUSTEES Delx)nh Thackeray NURSERV MANAGER Emma LiTna IT LEAD Shèwj Wtttson STATEMEliT OF TRUSTEES, RESPONSIBILrriES The trostets are responsible for preparitJ8 the Report of the TTUSt¢es and the finzncial sraiemEnts in aCcOrda￿e Mryth applicable law and UnitedKingdom A¢c4)uniing Stsndards (Uniied Kingdom Gen¢rally A¢¢epted A¢cDunttng Prw¢ti¢el. Page 12 The LIDyd Willl¥m$oft Schoots FDundadDR Rtyort ofthe Truyiees for tlt Yt*r Ended 31 March 2024 STATEMENT OF TRUSTEFS, RESPON'SIBILITl&g. ¢Oll¢illuEd The law applicable to charatics in England aryj Wales, the ChaTiti¢s A¢1 2011. ch￿ity IAc¢tthts and Retthl Regulations 2008 and the pro￿510n$ of the h￿t deed requires th¢ In￿tte$ 10 prepare finLn¢ial $tstell*nts for ¢4ch financial ye&T which give a ttue and fair vs¢w of Ihe Stsle of affaits of the chBnty and of the incDrning Tex)urces a) pplicarion of resources, in¢ludin8 the incorne and exp¢ndiDJre, of Ibe rs' remunera¢ioJ), bonus leve15 and perfwman¢¢ ¢aT8Ets - r¢sults of our enquitie% of Manageft￿nt and their vwn idtnlificatioll and as5¢5sment of Ihe risks of Lrregul8rities,' - any matte￿ we ideDtifj¢d havtng olAained and review¢d thc ¢ompanicl of Iheirpolicies an6 procethwes Telalin8 to.. identifyyn8. evalu&ting and complyng Wifh laws and rttgulBtion5 and whether they were awBTe of &ny llJ5tsnce5 of non¢ompli8nce" - detectin8 and responding to the risks of fi*Jd alld wh¢th¢r th¢y have knowledge of any acth¥l. suspeci¢d or &lle8ed frdud., - the internal contro15 eStabli$bed lo ]niti8aie risks of fraud OT nOn￿MplI)nCe Vjith laws and regulations.. - the matteTS dIs¢us5￿ among the audit eng&Eement tcarn including it8•Tthn8 Jx>w aT￿ wheTe fraud rnjghi ￿¢llr in the financ￿1 sth¢rn¢nts and 8nypoltntial ityJi¢ators of fra￿1 As a resuli of Ihtse pr(KcdLtr¢S, we considBred thc oppotmmities and in¢enlive5 that rn&y exist within the or8anisation fot fraud and sdeorified the gteatest potenti2] for fraud in relaiiots to revenue defrrr8Is. In Mmmon wtth all audit5 under ISA5 (UKI, we are ft150 required to pth 4>¢¢ificproc¢duTes to Te5pond ￿ the risk of m￿•st￿]¢￿t 0￿￿de. W¢ alw obtsined an undetstsnding of the Icpl and regulatory f￿n￿rkS rhat the Eompany opeTate5 in, focusjng on provisions of thosc It￿ and TcgulBtions that h&d a diTe¢t effect on the deiermination of material arno￿r$ 4nd dise108ures in Ibe fintn¢ial st&t¢nrnts. The key la￿ and regulations we ¢on5ider&l in this coDt¢xt includ¢d th¢ UK Companies Ac( UK CoTPOTate Qovernance Co0¢ and local tts legi51atiotL. In additiffj we considcr¢d provisions of other laws and Tegul&tion5 that do not hav¢ a dirwf cff¢¢i on the financial statements but coJ)Jplian¢c With which may be fimdamenlal lo the compAnys abiliry w operate or 10 avoid O TILqterial penalty. Audit r¢spon5e to risks identified Our procedures io respolld ￿ riskÈ identified included the follo￿rynS'. - reviewng the financial 5tatetnent disclosur¢5 ard l¢stu*g 10 supporting docunLcntstion to a5se55 compliance with ptOWSiOJJ5 of relevant laws and re8llktiDn$ described as having a diiecl ¢ff¢¢t the fin*n¢iBI $t&ter[￿￿1s'. - enquiring of maDagement conccTTMng acttJJl and potential litigation and claim5," - performing analytical ptoceduru to identify ￿yunUsUal or unexpe¢ted TelatiO]Jships that ]rAy indicate risk5 of materi41 tnisstaternent due to fraud., - Teading minutes of me¢tsng% ofihos¢ chargcd govcrnante - obtsined an undeT5tsndin8 ofprovisiolls £￿j held discu55ion$ with rnanagement to UJLderstthd th¢ b￿]$ of r¢twity)n OT non-r¢co8Oiiion of tax provision5' and Page 16 Report of the Indtp¢nd¢Mt Audltors to the Trustees The Lloyd willE*ll￿Or￿ Schoo15 Fou￿0111￿n - in gdthrssing the risk of fraud through m2n2EEr¢nt ovtrride of control$, te5tsng the Jppropriatcnc5s of jounjal eJJtri¢s and other &djustrn¢ntS,' ￿sSing whcthu the judgements rnad¢ in rnaking acc4)ullliLg estimates are indicative of pot¢niia] bias,. and ¢valuaTiLg the b￿lLe$S r&ti¢)rJal¢ of any Si8nifi¢allt If8￿$￿tiOn5th&tarc Unusual or outside th¢ ]JomMI ¢outse of busiJks8. We 8150 Comm￿1¢**d Tel¢vant idejrtified laws and ry]ation5 and potttntial risks to Lll enga8¢￿￿nt t¢4m I)￿nbe[s. aThl rernttijed alert to w indications of OT non¢ompli&tt¢e *i¢h aud regulRtiDns throughout th¢ audit. A fwth¢r descriptionof ow resp(thsibiJitieÈ for th¢ awjit of the fir￿¢181 gtatemeto% 1$ IocAted fft the Fin￿7a] Reporti Council'$ website at www.fr¢.or8.ILkJauditorsresFo])sibiiities. Thi5 de5CriPtion f¢m5 Pan of our Report of thv ITMJtp¥ndeni Auditors. Ux of our report This TZPOrt is madc 501cty to the yd WilllaTwon ScknDb Found*tloD -Yot¢s to tbeCAsh Flow Ststtmt￿t for the Year Ended 31 Marcb 2D24 RECONCILIATIOF4 OF NET INCOME TO.YET CASH FILIW FROM OPERATING ACTIVITIES 2024 2023 a5 rest4t Net Ineome for the reportlog perlod ptrthe Stal¢rn¢Nt of VE#And&l Aciiviti¢s1 Adlu$tments fpr: Depreci&ti¢)ncharges t￿￿¢85&11￿¢T¢a￿l in debtoys ArKTeas¢ in ￿edItorS 58,578 305.910 50,226 225,311 67,010 17,916 (312,843) 25,531 Net easb provld¢d by operatiODS 401,125 36,514 ALYSIS OF CHANGES IF* NET FUNDSIO)EBT) At 1.4.23 Ca¥b tlow At 31.3.24 llet ¢*5h Cash AtbaDk 69.537 20.910 90.447 69.537 20,91 90.447 DEbt Fin4n¢e Itt%es 11,908.562) I1.￿8.562) 11.908,562) {1,908.562) Total 69.537 12,887.6521 (1,818,115} The notcts fonnpart of Ibe5e fiJwia] ststerr*MS Pa8e 21 The Lloyd Willi4mJon Schoo15 Foufvdaiton Notc5 to thc Financlal St*tetnentJ for the Year Ended 31 M8r¢b 2024 MATERIAL UYCERTAlhTY RELATED TO GOING COYCERN Th¢ Charity rn8de a wTplus of £58.578 12023 - £305,910). This was after receiving a significant donation of £73],0(￿I2023 . £497.0￿)1 and The a)rrity claiming 8]ft Bid on It. Witknut this don&tign Th¢ Charity would hive incurred t biggcF1055. The support of the donor is cxpectcd to continue for wm¢ years and The Charity i5 d¢pBndattt thi5 support in the early years of operntion. Withdrawal of the sUPPOrt would significantly impact on The Charivs ability lo contnue 85 a Goin8 Conrern. The Tnjstees ar¢ confidtllt Ibi% 5UPPQrt will ¢ontinutt. ACCOUNTING POLICIES B*5is of prtp•ring tbe finantlal st*ttmentS The financial #at¢Tnrnls of the charity, which 1$ a public benefit entity UDd¢r FRS 102, hAvc been pwared ill ac¢ordkn¢¢ K%ith the ChBTities SORP IFRS 1021 'A￿o￿nting Reporting by ClJariti¢s." Stalement of ¢ornmC￿dEd P￿tice appli¢abl¢ ro charitie5 Preparin8 their atcounts in a¢tordance with tht Finan¢i81 Rewrting StsndaTd applicable in the UK aDd Republic of Ireland IFRS 1021 leffectivt l January 20I91', Financi￿1 Rcporrin8 StandaTd 102 Th¢ FinaDcial R¢portinB Standzrd applicablt in iTrrt UK and Republic of ]￿land, and the Charities Act 201 l. The fLDan¢iai stste]nents hav¢ been prepared Trmdet the hi#oricv41 co conv¢ntion. The Charity is aware of thelr financial p)5iiion ot tb¢ yeat etsj. The accounts hRve bten prcpared a goiDB Concern basi5 as a r¢sult of the bud8eis that th¢ Charity has prepared for the next three yeaTS. It wa$ fe]1 tbat thi still ab appiopriate bas￿ ofprepATation. lft¢orn¢ Income retcived ftsr 5ervi¢es provided 15 arcounkd for on an accnjils basis. Casb donations? 8ifts 4nd kga¢ics 8r¢ included in fvll in the income 2nd ¢xp¢nditur¢ o¢cDunl ￿ they ale received. Any signifitsllt AOll-¢èsh donaiitsns 8Te in¢ltsded in th¢ I￿orne and expendifurt acc(XllJt atthe tnJstee5' t51in%t of their maTkct value when rcceived. The value of vr>luDtary h¢lp is ttot irKludBd in the llccounts. Grdnts and other fi]nding of a revenue llattwe are deferred And r¢l¢8s¢d lo the income and txpenditUTe acco￿1 over the period to which Ihcy retste. Bank Intetegt 15 iflcluded ID the income and ¢xpendiTure account OD an acerua15 b)si%.. Expendli￿re Liabiliries are Tecognised as expendib￿C 8$ scon as ther¢ is 8 legal or ¢onsttuctive obligation committujg the charity lo that ¢xpendin7re. it is probable th21 a transfer of ¢conomi¢ benefits NNryll be requircd ih 5eiilement and th¢ amount of the obligation can be meBsured reJiAbly. EX￿ndit￿rE is attounltd for on an aCCn￿lS b45i5 and ba5 been classified uLdeT head￿￿5 thai aggregate all Cost telatsd 10 the ¢a*Eory. Where cow canoot b¢ th'T¢CtIy &ttributed to pgrtscul8T headings thry h#ve bctn allocated to acliviiie5 on z bo%i5 consistent uryth th¢ use of re50UTces. T*Ag1b￿ fixed *Ktts Depreciation is provided It ihe following atjnthl rates m order to ￿lte off È&¢h asset over its estimated u8efjJJ IA>ng le&sehold lrnprovernenls to PTopcty Fixtrjrcs and fitting5 Computcr 4u1W￿ll* overlength of lease Straight line over 15 yeaT5 25Y• on ¢ost 25Q/o on ¢osi Ri8ht of Bjset The Charity hav¢ chos¢n io tarly adopi thc rtw FRS 102 SecliDn 20 a]wJd]n¢nts and haN'E ttKTefore a55E5sed that the lease of land is a right of ust asset. As a r¢5ult thr lus¢ has bccn T<%ognised at th¢ present valuE of UDpaid lease payments ov¢1 thc l¢ase temL distounted usin8 a risk-free Ate. The leHse liabilsty h85 then been recognised between current and long t¢m? liabilities. Pag¢ 22 ron(inUEd... The Lloyd Wllll*w50n Sthoo15 FouTrdation Notes lo thE Flnan¢l41 Ststeme*t$- CDThtinued for tht Yrdr Ended 31 March 2Q24 ACCOUTr*TJliG POLICIES. ￿nion￿ed T•ngibk fixed #￿ets The lease asset ha$ bBen d¢preciated in lintt the l¢wh of the lease term and wll be subj¢ct io atj aDnual impnirnxnt review by th¢ trustees. Taxation The cbaTity 1$ exempt from lax on 115 ¢haritsble actiiiti¢s. Fund actounting unr￿tricted fiJnds can be used in ac¢ordaMcc thc ¢haritsbl¢ obi￿tiveS al thc dis¢retlOD of the tr￿slee5_ Restricted fimds Can only k uscd forparti¢ul*r reslricled purpose5 Iirylhin the tsbjec15 of the charity. Restrictions arise when spxifiedby lh¢ donororwhen funds are rais￿ forpanicularTestncted purpDSes. Furtherexpl•nation of the natt￿t a]¥J putpose of each fi￿d 18 included in the notesto the financial st*rrKnty. P¢nslon costs and other post*retlremetst btHefits Th¢ cknrllt, 01xr￿lci a defined contribution pension srliL'niC. CoTrii'ibiigitsn% Piivabl¢ li) Illi charity$ peDsioD scheme arL' Lharg¢d to the SiaiciiKsii (if FI[￿1￿CtI7 I ,l¢iivilics iii th¢ i?LriLNI 10 ￿h&Cli IliLyTc1￿L'. FlttanclAI ltt$¢rurnents Fin•n¢ial kn51nuxnts aTe ¢1&%5ified and ￿￿Ounted for, a¢cording to the subsknce of the ¢ontractuJl 8rrange]nBni as f￿a￿l&l assets, fLDancial liabilitie$ or equlty instruments. An tqthty instnjrncnt is any contrAci that eviden￿5 a residual inttr¢51 int he &%ses of the cornpany afterdeduciing all of its liabilities. AccouDtln8 EstimDt Tr yerthraiion of ili¢ finpDLi31 staiiiiients rcqiiires iJwnag¢nKns io make jud&cmciitS. i411I112t¢$ and as%UlllPtii)nS that 817ici th¢ atnoiini% r¢wrtLd. I'1114 Incl￿1c% the LI￿1&L ol. diprkLiatton m¥ll1￿4 appliL(I to fixed asKis and prov¢8lOll5 for l¢ga¢i¢$. Th¢se e5timat¢s *tsJ jUdgerr￿t$ are cDntiDually re￿¢Wed and are b8scd on experieJKe And other factors, iDcluding expe¢ratiolls of fith]r¢ ¢vents that ate brlicved to be reasonable under ¢IT¢un￿￿nE D¢btor5. Credi(or5 ProvisiODS Debtor5 ar¢ measured al their rtcoveAble Brnounts 8¢ the balance she¢t date. TTad¢ and other debtors are ￿OgnISed ll)itially at transaction Prbce less atrributable ttan5aciion ¢05ts. Liabilities are in¢l￿Jed foi theprovision of the oufflow of in rclotion to th¢ following classtfJ¢ations'. Liability- WhcTe there is a definite ¢ommilment lo an outflow of ettsnomic benefit with a know) valu# Provisii¥n- Arising fTom a PTe$enl obli￿]0￿ to p&y a third party arising from • Fast eyenl. Wher¢ the amDunt j8 not kno￿) a re￿nable c5timate is made. Commitsnent- Atisin8 from a ée¢i$iott to conujyt ¢0 a li&bility, but where no Work stsrted 8Dd no payncnt been but where a contsatl may hève E*eD enteT¢d into. Trnde and other ¢Tedi¢oTS reCo￿lSed imitial transaction pri¢¢ plus attributable trLnsaclioTJ ¢08ts. Subsequent lo iDitial t¢¢0￿)llIon they are me￿red at anx>rrised r05t Using the ¢ffectivt inlucst less aD itDpa2trn¢nt loss ￿ the ¢*%e of trad¢ d¢btotS. Page 23 Tre Lloyd Wilkn•mso# Srhooh FDund?tlon Note$ ¢0 the FlnaTrcial Statements- ¢Dntiny¢d ror the Yur Ended 31 March 2024 DONATIONS MD LEGACIKS 2024 Dothattons 966.08D 756.7¥9 INCOME FROM CHARITABLE A￿[VITIEs 2024 2023 as ￿stste Activity Gros$ Fe&s from Parents and GuaTdian5 Rent Inc¢)Tr Tuition Ancillary i.n?(1.£3V 4.IK)3 974.177 1.O?9.6(11 1.061 777 CHARtTABLE ACTIVITIL8 COSTS -gupport Direct Costs Tuition CDSts SUPPORT COSTS CJOYtn%lTlke inAn¢L To¢a15 Tuiiioll Costs 67.668 275.011 AUDITORS. REMU.NERATiof4 2024 2023 as testaitd Ftes payable to the charitys auditor5 foF th¢ a￿111 of the charity's finantial 12,0 TRUSTEES, REMiJNERATION AND BE￿E￿￿T8 One Ttth. MT Z MaTW]rov, w85 cmp]oyed by th¢ School for 2 n¥)uth5 to COVeTpaternityl¢avc. Thi5 anM>unted to £2,63112023 - £nill bemg paid ￿ the Trus￿ by the School. Pension Costs of £nil12023_ £nill were also Pild to Mr Z Mansurov. Trnstee5' expenses There were no ￿￿te$, exp¢nses paid for the yehr ertded 31 March 2024 Dor for the yeaT ended31 March 2023. Page 24 continu¢d... The Lloyd Willi*mson Stlmls Found*tioD otes to tbt Finan¢ial Statements- contioutd for the Yt¥r Ended 31 March 2014 STAFF COS13 2024 2023 as restited Wage5 Bnd 5a)arie8 Social security costs Oth¢1 pension costs 677,892 46,770 12.455 597,533 41,459 lQ.791 737.117 649.783 Tbe average n>)nthlynumberof etyloyees durin8 the ye•T WIS ts folknws.. 2024 2023 as tettatrd Key PeTsonnel General 30 26 34 29 No erDployetS received ¢molwnents in eKce55 of £￿,[￿]0. Both the CEO and tsPrincip¥t are volwLtetrs Bnd don'ttakt a $alaryfrom tTrK s¢hool. Tots] key rnanagwnent persollnel pawts fotthe yeaT wer¢ £70,63412023- £65.9881. Total tyusttes rtrnuneration pyrnents forthe ye8r w¢re£2,63l12023. £nill. io. COMPARATIVES FOR THE STATEMENT OF mATrICFAL ACTIVITIES Unre5tricLe