THE PETERHOUSE SCHOOL FOUNDATION REPORT AND ACCOUNTS For the perlod •nd•d 31st March 2025 The Peterhouse School Foundation Charlty Number 1193850 ANNUAL REPORT and DORMANT FINANCIAL STATEMENTS For the period ended: 3181 March 2025
THE PETERHouse SCHOOL FOUNDATION REPORT AND ACCOUNTS For the period ènd 31st March 2025 CONTENTS Pag•8 Referee and hAlminislratNe D8talls Trustees. Rep)rt o)unting PolKies C4)rnt Balan Sheet
THE PETERHOUSE SCHOOL FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS For the period 8nd8d 31st March 2025 TRUSTEES A Graing9r J Fk)waTd C Wallace J Gord(x) REGISTERED ADDRESS Peterhouse School Preston Road Southport PR9 BPA REGISTERED CHARITY NUMBER 1193850 PRINCIPAL BANKERS The Royal Bank of Scdand 10TH Hoor The Baza 100 Old Hall Str Uverpool L3 9QJ Page 1
THE PETERHOUSE SCHOOL FOUNDATION TRUSTEES. REPORT For the period ended 31st March 2025 INTrODUCTION Tho Trusiees present tsr nual rwrt and acLounts for the year ded 31¥t March 2025. rxjring Ihis riod th& Charlty had domi acwunts. The finawal statements ha bo8n proparad In aC£Udae lh8 arrA)unting pdiuès sél ojt In pages 4 - 5 (x)mply with the charWs goveming dment, the Charitiès Act 2011 and "AccDunting and Reporting by Charilie5'. Statemènt of R8(x>mm8nd8d Pract applicable to chariti8s proaring their ajAts in ac(xJrdance wth Ihe Financial Reporting Standard applble in the UK and Republic of IrgLqnd IFRS 102) lefft1ve 1 January 2019r. STrUCTURE. GOVERNANCE AND MANAGEMENT Thè charity & constitutad as a charite Ino)rpoTated Orgwisation ICIOI, as a body u)rporale under the Charrties knt 2011 on the 18th March 2021. The Trustees are legalty respo)1¥ for th¥ govemance and management of the Charity. Trustegs arg r8swnsibl• for sètting strat8giès and pc4iaes and ensuring Ihese a implemented. Thè Trusts who seNed durir¥J the year up to Ihe dateofthe finanrjal statements were.. Mr A GrairKJ Mr C Wallace Mrs J Howard Mr J Gl0ft The Charity's twslees hav considéfed the major risks to lch the charity is exw$ed and have reviewe(I potentkgl risks. Sytems and procedures have been wrt in plat to manage thè nsks and to mitigatg any adverse oul(x)me5. OBJEGTIVES AND ACTIVITIES The Colts ofthe CIO 8re'. Fof the publlc benefil, to 8dv8n(x thè Èducation %y, and relieve the needs of, auti$tic thldren ond youNJ pwple by provKlirs grants of finandal asSiStar to support.. devdLvmt and cyeralon of Petethouse School Bnd to promota ts mlsson and values in the provision 8rnJ adVancnent of speda115t educatKJn for auOslc childrw and yourrfj ppIe,. rogislered charitable Organisatio establtshed to support children and young people with a dogrM)sts of Aulism Spectrum Condilion through outreh work awKI 5¢rvi¢•s. Inclu¢Jlw adwce, support. trainiro and dirm)n around Auli5ffl Spectrum issues. PUBLIC BENEFIT Th8 trustees have paid dug regar¢ lo guidance issuod by the Charity Commiss in deciding what at16S thg charity should undertake. ACHIEVEMENTS AND FINAMCIAL PERFORMANCE The CIO did Th)t o)mmerKe 11.8$ during the peric, and rK financial transac*k)ns t(x)k place during Ihis porw)d. Thls rsport was approved by Board on the 15th Pugust 2025 and signed on rts behaf ty.. A Gr•iTwr Trusteè P4e2
THE PETERHOUSE SCHOOL FOUNDATION ACCOUNTING POLICIES For the period ended 31st March 2025 The winapal ac(x)UAtiNJ are summaris8d below. The acctsjntlng pollcles have been appll8d cortsist8ntly througtKJth the year aTrJ the pced1j year. (al Basi8 of pr•paration Thg finanual ststwnents have beèn pr8pared undèr the historical cosl (onv•nlkn and In accordart8 aKpltsbl• law and are in accordance wilh applicable Accounting Standaf(ts and Charity CornmBsion Guidance. {b). Incomlng Resources Al InmIng OurC are Indudecj In the Statement of Finanaal Activities ISOFAI vth8n Ihg Clwrity is1gJalW onlit1 to the inc4)me and the amounl can be quantified with reasonable a(uJracy. The spec4fK used are as follow5: Donations are Induded when the monies have been re1ved. Donations recwved for the general purpose of the Charity are incl In unmtricted funds. Don"on$ whlth have been re¢eived lor Spth¢ prlects are Induded in restrict income. Grants are treat as reslricted fun(Is if they are for Sp1¢ purpos8s. AJI grdnts ar8 IUd8 when the Charlty is ente1 to thè monlès. No arnounts are irKluded in ihg financ4al stalernents for services doted by voluntegrs. No Incomg was r8c8lv8d duriro the pariod. Icl. Flnanelal Instrunents Finartial instruments are r8oyJnlsed in the charitys balanco shaot when the charity becMe$ patyto tho (ontractual provisions of the instrument. FlnancAal assets and liabilities are oftset, wlth the net aMots presented in the fin8nd81 slalemgnts. when Ihere is a le9ally enforceable right to set off th8 re(niS8 amounts and ther8 fis an to Slle on a net basis or to alls& the asset and settle the liability simultaneously. 8aslc Iln•nclal•ssets Basic financial assel$. which Sndude debtors and cash and bank balantss. arè initially mèasured at trar6acbon pri( indudlng lonsaclion cA)sts and are SUbSUenlly carried al anrtised ctht using the effective interest method unless the arrangement ¢onsthule5 a financiry trdns8ctK>n, wheré the transactlon mèasured at the present value of the fLrture recdpts dtscounted al a markel rate of interest. Finandal assets dassrfied as receivable within one year are rK)t arnorbsed. Other flnanclal ass•ts Oiher ffinancl assets, indud1 Imiestrnents In equity instruments whSch are Th)t subsldiarie5. aSSoateS or joint ventures, are Inltlally Measur at fair value. which is normally Ihe transactK)n pri(. Suth assèts are sUbseqUenY cwried 8t fair value and Ihe changes In fair value are recognlsed In net Incomel(eXpendltuI, except that investments in gquity instruments that are not publically traded and whose tsir value5 cannot be measured reliabty are measwed al (x)sl Iw irnpaim)ent. Impairnjentof finalJItS Financtal assets. other than Ihose held at fatr value throu9h in(x)mè and expèndilurè, 8r8 assessèd for indi<stors ot impairment at each porting dale. Finanaal assets are 1rnpai where there is objective evidence that. as a sU ofono or mre events that 0urd after the initial rewJnib'on of thè financial assd, èsts'mated fUrÈ eash flows have b88n afl8cted. Ir an assèt is impair¥J, the impalmient k)ss Is the difference beeen the carrying amounl and the present value of the estimated cash fbws discounted at the asset's orvjinal èffÈdiv8 interèst ratè. The Impaimènt loss is recogniwl in net Incom8llèxpèndlturèl for the year. If Ihere is a deuease in the impaimenl loss arising trom an event 1CUrrIng after the impaimient was recognised, Ihe impaimient is rèvèrséd. The rèvÈrsal is such that the current eArryirtg amount d(xs not eXcej what th8 carryng amojnt would have been. had the impalrment tv)t previously been r8cogiisad. The IM4M7 re4ersal is recoJnised in net inwmellÈxpÈnditutèl lorthè #r. Page 3
THE PETERHOUSE SCHOOL FOUNDATION ACCOUNTING POLICIES For the period ended 31st March 2025 Derectynitson olftnanclal assets Finanaal assets are derecognised onty when the contractual nghts lo the &ish flows from Ihe asset expire ry are sgttled, OT when the charlty transférs the finanaal asset and substantially 811 the risks and rowar¢s of ownorship to another entity, or if50mg significant risks and rewards of ownership arè rètained but control ol the a8set has traferred to arher paty that is able to sell the asset In its enrety to an unrelated third party. Basic financlal Il¥bllllles Basi¢ fvnaneial Ilabilities, indudiTrJ credrtors and bank loans are Inthally rwJnkswJ at trartsacilon prtC£ l¢D the arrangement conslilute5 a finaneiThJ transadon, where the debl instrument is rneasured at thè pras8nt value of the lulure re(pt5 discounted al a market rate of intergst. Fin8n(ial liabilitiss dassified as payable wllhin one year are not aMorbS. Debt instrumènts ar8 subsequently carried at amortised cost. sirE thè effectwe Inte$t rate melhod. Trade creditots ara obligaljons to pay for goods or serylce5 that have bgen aquir9d in the ordinary course of operatlons from suppliers. kniounts payable a dassrfièd as ¢urrgnt liabilth.es if payment is du8 Within one ye8r or195s. W not. th8y are pr9s9nied as non-current liabilits"es. Trade creditcws are rwniSI irili?Ily at transadsLX) p0 and s¢Jbwuendy measured at amortlsed (x)sl using Ihg effte interest rnelhod. D•e09n1t1On olfln•nclal lthbHifig¥ Financial liabilits.es ar• d8rwniEed when the charity's ntr8e1Val k*lwJations expire or are discharged or cancelled. Idl. In¥e61ments The charty has no inv05trnerts. Page 4
THE PETERHOUSE SCHOOL FOUNDATION BALANCE SHEET As at 31st March 2025 Notes 2025 2024 FIXED ASSETS CURRENT ASSETS Oebto Cash at bank an¢J in hand LIABILITIES Creditors: AMots falliTha due wlthln ona CURRENT LIABILMES MET ASSETSIILIABILITIES TOTAL RESERVES Approvad by thg board of The Petwhouse Schwl Foundatw on 15th AwJust 202S and Sign on their behatf by., A Grainger Trustee Charlty Numbgr: 1193850 P8ge 5