COMPANY REGISTRATION NUMBER: 01590162 CHARITY REGISTRATION NULIIBER: 283627 WEST LODGE SCHOOL LIMITED Company Limited by Guarantee FINANCIAL STATEMENTS 31 AUGUST 2024 OPASS BILLINGS WILSON & HONEY LLP Chartered Certified Accountants & Statutory Auditors Nutneric House 98 Station Road Sidcup Kent DA15 7BY WEST LODGE SCHOOL LIMITED COMPANY LIMrrED BY GUARANTEE FINANCIAL STATEMErffis YEAR ENDED 31 AUGUST 2024 Pages TTUStee5' allnual report (incorporating the d￿r￿t0￿5 rcportl Ito5 Independent auditor's report to the membets 6tolO Stat¢m¢nt of finanoial activiti¢s (including income and expenditure account) Stai¢m¢nt of finan¢sal position 12 Statement of cash flows 13 Notes to thc financial statements 14to22 The lollowlng Pages do not form P8Tt of the fin*thci#l st#tement$ Detailed siatement of finan¢ial activities 24to25 Nota9 to the detailed statement of finan¢ial activitics 20to27 WEST LODGE SCHOOL LIMITED COMPANY LIl￿TED BY GUARANTEE TRUSTEES, ANNUAL REPORT ONCORPORATINC THE DIRECTOR'S REPORT) YEAR ENDED 31 AUGUST 2024 The truste¢& who ar¢ also th¢ dirfftors for the purposes of company law, present their report aTKI the f￿a￿la1 st*emenis of the cbarity for tbe year end￿ 31 August 2024. RekreD¢e and *dmSnS$tratlve detall Regi51ered ch8rity D8me Wast Lodge Scbool Limited Ch4rlty re8bir•¢lon number 283627 Company r¢glstr•tiOll Dumber 01590162 PrlndpMI offlee #nd regtstered 36 Station Road Sidcup DA15 7DU England The ¢rystees Mrs C A Head~Rap￿n (Chaimwi) Mrs. G F Murray Mr5 M F Rohan Mr G F Standin8 Mr5 N A Gaskin Mr C I Heayberd Mrs J D Davies Mr M Jones Mrs D Gately {App)inted l Febn￿ry 2024) (AptK>int¢d l F¢bruary 2024) Company secrdary Mrs C. Whyt¢ CPFA B% (Hons) Audltor Op&ss Billings Wiknn & Honey LLP Chartered Certified Accountants & Statutory Auditors Numerie House 98 Station Road Sidcup K¢nt DA15 7BY Bwkers National Wesuninst¢r Chatham Customer st￿let Cenire W4gtern Avenue Watetside Clmthsm hIaritime Kent ME14 4RT WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY CUARANTEE TRUSTEES, ANNUAL REPORT ONCORPOIL4TING THE DIRECTOR'S REPORT) (¢&th¥¢d) YEAR ENDED 31 AUGUST 2024 Strn¢￿r￿ goverD8n¢e 4Dd m*nagem¢nt Coverning document West Lthlge School Limited 18 a company limited by guarantee - Company Nllmber.. 01590162 and a register charity governoj by its Memor￿d￿m and Articles of Association- Charity Number. 283627. Appointmellt of Trustee# (Trustees are DIrL￿On #lld Members of the CouD¢ll of MAn*gemtllt) In accordance with the Company's Article5 of A￿lation one third of the council of rnanageTnent retire by rotation ￿ the Company'$ Annual Gener￿ Meeting and are eligible to offer themselves for r¢-appointment. Under Article 32 of the CompanYs Memorandum and Articles of A&sociation' Any Member apwinted io the Council of Manage￿¢￿( during the year will retain office only uniil The next Atmual Gen￿ Meeting where h¢ or she will then be eligible for rel community gen¢rously dOr￿ted to the Food Bank attachedto the New Cotnmunity Church in Sidcup. As part of its public benefit operatiot)s the *hool ac¢ommodatrs work ￿￿rience students from local sccondary 5cIM)ols and students intending to train for the teaehing profession undertaking classroom obsetvations. The School has a]so extended its swjrting activities, including its involvement in ISA sport and local sports competition& especially those promoiej through the London Borough of Bexley with maintained sKtor scho(Tr1s. Additionally th¢ sch(y)I has been able to open its facilities for hir¢ by a fitnw wup. On th¢ school h&$ provided finat)ciak Sllp￿rt to familics by mcans of *hool bursaries for thosc adverse]y impacted by the cumi financial climate and currently suppojts a pupil, by means of a bursary. in the UK ut)der the Hom&8 forukraine scheme. FAll#￿tIal revlew This year, the incr&qse in rcv¢nu¢ of £222,710 relates to inueased pupil numbers for 2023-24, increased interest received from fixed tenn deposits and the inflationary increase in tuition fec5, from September 2023. Overall, the net surplus revenue amounted 10 £146,(KK). Fees are reviewed by th¢ Financ¢ CommittK which reviews the budgets for each tern) and, makes rewmmcndations to the full Council of Management. The TNstees are committed to keeping fee increoseg to a minimum. however this is becorning incre&singly difficult when balancing political and financial threats to ihe Indep￿￿ent Sector, ptirtieularly in light of th¢ intr(xiu¢tion of VAT on tuition ftts in January 2025 and the removal of the busincss rates relief available to schools that are registered charities effeaive of April 2025. Ill June 2020, The School made an application to th¢ Coronavirll$ Busin¢ss Intrnption Loan Scheme (CBILS) for £250,(K>O, whi¢h was received OD 9 September 2020. R¢paym¢nts commeDced in (knober 2021 and are being made on a rnonthly basis. Interest is being repaid quarterty. This will be repaid in full by Sq)temb¢r 2026. A5 part of the on-going improvements to the school, the School h&5 replae¢d th¢ clitnbing frAme in ihe playgroun4 llpgrddcd the Early Years playground and extend¢d th¢ wtifi¢ial grass arwd SO that the playground IMS bec<)me a Multi-use Game5 Arca (MUGA). Hans for periods The School is ¢OTnmitted to continuously improving the facilities for its pupils and platss to continue to invest in rr equipment and refreshing the building amenities. WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT aNCORPORATING THE DIRECTOR'S REPORT) (c￿￿￿¢1) YEAR ENDED 31 AUGUST 2024 for future periods (¢Qhth¥¢lJ Fllthre The School will continue to ijnprove upon its standards of education within the broad based ¢urriculum. The School plans to d¢liv¢r a W¢st Lodg¢ School transportaiion Service for pupils" in February 2025. The School has previously commissioned plans for an extension to the ￿llth end of the sch￿( whieh will increase the cla*Tooms for Years 5 & 6, and provide a d￿L¢ated Art studio and S¢ienc¢ faciliti¢s for the pupils. This project has been tendered for but it is unlikely to be undertaken in the short-terni following the playground works mentioned above. However the school still intend5 to carry out the plans in the futu]r. Trn$te¢$' respon5ibilitiu ststemellt The trustees. who are ￿80 director8 for the Purposes of company law, are reS￿nsible for preparing the tswtees, T￿Ort atMI the financial statements in ac¢4)rdance with applicabl¢ law and unit￿ Kingdom Accounting Standards (United Kingdom Generally Accepted A¢¢ounting Pwti¢¢). Company law requires the charity tllLSte£s to prepare financial stat¢menis for each year which give a ITue and fair ew of the state of affairs of the charitable company and thc incoTnit]g regources and applieation of resource including the income and expenditw¢, for that p¢riod. In pr¢paTing these financial statements. the tNstees are rwuired to.. select suitabl¢ aceounting po]icics and then apply thcm ¢Onsist¢n￿y. observe the methods and priDoples in th¢ applicable Charities SORP., mak¢ judgments and xcounting estimate5 that aTe reasonable and prud￿t. prep8Te the financial statements on the going concern unless it is inappropriate to presume that the charity will ￿ntinue in busine&s. The trustees are resEM)nsible for keeping adequate awouttting rttords that are suifi¢ient to show and explain the charity'8 tran￿¢tIonS and disclose with reasonable accuracy at any time the finallcial position of the chan.ty and able them to ensure that the financial stat¢m¢nts comply with the Cot)Jpallit¥ Act 2006. Thry aT¢ also responsible for SafegU￿dIng the assds of tbe Charity and h¢nc¢ for taking reasonable steps for the prevention and d¢te¢tion of fraud and otber iffegularities. Small ¢ompatty proirfslon$ This report ha5 been prepaT•J in a¢cordance with the provisions applicable to wnpattl￿ ¢ntitled to the small companies exemption. WEST LODGE SCHOOL LIMITED COMPANY IJMtTED BY GUARANTEE TRUSTEES, AIYNUAL REPORT UNCORPORATING THE DIRECTORTS REPORT) YEAR ENDED 31 AUGUST 2(124 Th¢ tnL8tff8' rcport was approved on...... ...... .............. and si8n¢d on behalf of tbe board of trnstees by: Mrs C. Wh￿¢ CPFA (Hons) Charity S￿retary WEST LODGE SCHOOL LIMITED COMPANY LIMtTED BY GUARANTEE INDEPEIWENf AUDITOR'S REPORT TO THE mEl￿BERs OF WEST LODGE SCHOOL LIMITED YEAR ENDED 31 AUGUST 2024 Opinio We have audited the r]nancial statements of West Lodge School Limited (the 'charity? for the year ended 31 Augu.￿ 2024 which comprisc the ststement of financial activities (including income and expenditure account). statement of financia] position, staiemeni of c￿h flows and the related notcs, including a sun]Tnary of significant accounting ￿licI£s. The financial reporting framework that has been applied in their Preparntion is applicable law and United Kingdom Accounting Standards including FRS 102 The Financial Reporting St8ndaTd applicable itL the UK and Republic of Ireland (United Kingdom Gener411y Accepted Accounting Practice). In our opinion the finallcial statements: give a true and fair viNv of the state of the charity's affairs as at 31 August 2024 and of its incoming resources and applieation of resouwes, including its in¢oJne and expenditure. for the yeor th¢n ¢nd¢d. hav¢ bccn properly prepared in accordance with Unitcd Kingdom Generally Aeeepted Accounting have l)e¢n prq)8red in accordance with the requirements of the CIMrities Act 2011. Bg8i8 for opinion We conductoj our audit in accordancc with International Stsndards on Auditing (UK) OSAS (UK)) and opplicoble law. Our responsibilities under those standards are dcscribed in the auditovs responsibilities for the audit of the finan¢ial statements sectton of our trport. We are independent of th¢ ¢lwity in accordartce with the ethical requirements that are relevant to our audit of the finan¢ial ￿atements in the UK including the FRC'S Ethi¢al Stondord, and we have fvlfjlled our other ethi¢al ttspot)sibilities it) accordance with these requirements. Wc believe that the audit evidence we have obtsined is sufficient and approprial¢ t(Tr provide a basis for our opinion. Con¢lusaon6 relating to going eoneern In auditing the finantial Matements, we have concluded that the trusters, use of the going concern basis of accounting in the preparation of the fJnancia] statements is appropriate. B&s¢d on tbe wojlc we have performryL w¢ h#ve not identified any material unccrtainti¢s relating to events or ¢onditions that, individually ot collectively, may ¢&st significant doubt on the charity's ability to continue as a going ¢on¢em for a period ofat least twelve months from wh¢n lh¢ financial statements are authorised for issue. (kn reswnsibilities and the responsibiliti&s of the trusttts with reSp￿t to going coocern are described in the relevant sections of this report. WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUARANTEE INDEPEI¥DENT AUDITOR'S REPORT TO TUE MEMBEILS OF WEST LODGE SCHOOL LIMITED ITAR ET4DED 31 AUCUST 2024 Other Inform*thbn The other inftsmiation comprises the information included in th¢ annual report, other than the f]n8neial statements and our auditor's report ther￿ll. The truste￿ are responsibl¢ for th¢ oth¢r inforn￿tIOn. Our opinion on the financial statements does Dot Cover the other inforniation an(L ¢x¢ept ¢0 the extent otherwise explicitly stated in our report, we do not express any form of a￿7ranCe f0Dclusiort thereon. In coJ)ntttion with our audit of th¢ financial swem¢nis our r¢5ponsibility is to read the otber inforniation in doing so. consider wh¢¢her ihe oiher infomation 1$ m*¢rially inconsistent with the fll)aThcial statements or our knowledgc obtained In the audit or oth¢rwis¢ appearn to b¢ materially mI￿ated. If we identify such matcrial incon5iStencits or apparent tnaterial tni&*atements. we are required lo detern)ine whether there is a materiai miss&*¢ment in the financial tht¢m¢nts OT a mat¢ria] misstatemetrt of the other infonnation. tf, based on the Work we have perforn)ed. we conclude that there is a material mi&8tatement of this other infomialioT4 we are requiT¢d ¢0 r¢w)rt that f*t. We hsve nothing to report in this regard. Matters on whieb we Are required to re￿rt by except￿ll In the ]ight of the ktM)wledge and utLderstsiding of the charity #nd its environment obtained in the Course of the audiL we have not ideDtifJed materiat misstatements in the trust¢es' report. We have nothing to report in wect of the following matters in rel*ion io whicb ihe Chariiies Act 2011 requires us to rwrt to you if, ID our opinion.. th¢ infomiation givcn in the trusteeg report is inconsistent in any materia] rcspect with the financial St￿eMentS. or adequate accounting ￿CordShawc notljccn kept" or the financial statements are not in agreement with the accounting records and returns. or wc have llot rcccsved ail the information aTMI explanations we require for our audit. Rttptsllsibllitles of tn16¢ees As explained more Ojlty in the tjustees, resPo￿S1b]I1ticS statemen¢ the trustees Ire rtsponsible for the prtpartion of tl)e financial statements and for bcing satisfied that they give atrue and fair view, and for such internal conirol as the trus*es dttetmine is ￿¢¢￿sary to enabl¢ th¢ preparation of fiDan¢ial ￿teMen1S that are free from ma￿rIal misstatement, whether due to fraud or tr￿. In prtparing th¢ fJnan¢ial stat¢m¢nts, th¢ tTUStees are Teswnsibl¢ for W￿]ng ihe Charitys ability to continue as a goiDg concern, disclosing. as appli¢abl¢, mart¢Th related to going ¢onurn and using rhe going Concern basis of accounting unless th¢ twstees ¢ith¢r intend to liquidate th¢ chatity or to crasc opetation5, or have no reali5tLC alt¢rnativ¢ but to do so. WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUARAKfEE INDEPENDEIYT AUDITOR'S REPORT TO THE MEMBERS OF WEST LODGE SCHOOL LIMITED YEAR ENDED 31 AUGUST 2024 AMdl¢or'$ MPODsibilitte8 for the 8udlt of the fi￿￿¢1*1 s¢*tements We have been appointed as auditor under section 144 of the Chwit1￿ A￿ 2011 and re￿rt in accordancc with the Act al￿ relevaTLt regulations made or having effect ther¢und¢r. Our objectives are to obtain reasonable &ssuran¢¢ about whether the financial statements as a whole are free from maleria] misstatemenL whether due io fraud or error. and to issue an auditoes report that includes our opinion. Reasonable assurance is a high I￿¢1 of assuran¢< but is not a guarantee that an audit conducted in a￿ordanCe with ISAS (iK} will always ddect a nMteria] misstatement when it exis15. Misstat¢m¢nts can arise from fraud or error ond are wnsidered rnaterial if. individually or in the ag￿gate, they ¢ould reasonably expected to influence the ￿Onomi¢ de¢isions of users taken on the basis of these fiTJan¢ial statements. Irregu13rities. ineluding frau¢l are in#an¢es of llon-compliance with laws alhd regLL]ations. We dr5ign ptt)¢edures in line with our re5ponsibilitics, outlined above, to detect material Misstatements in respe¢t of irregulariiie% including fraud. The extertt to which our pro¢edur4s are ￿pable of ddecting irregularitie& including fraud is detailed below". We idelltify and a&ws the k¢y risk arc&s of material misstatement and then d￿]gn and ￿ornI proc¢durt4 in relation to those risks. Materia]iry has been calculated based OD gross a&fcts and been a&S￿Se4 at the l¢vel of £55,Th)0. Th¢ key risk area8 were considered to b¢.. Valuation of pr(i)etty Recoverability oftlade debtor5 Complet¢n¢ss and accurdcy of creditors Completeness and accurdcy of in¢om¢ Complian¢e with ￿ndamental laws and regulations The appropriate audit apprnxh was considered and the following audit work 4)plied to ihese areas: Our audit wot* to test property valuation iTLvolved comwing the vaJu¢ of the pror*rty to comparablc properties in the areas to confimi there is no evidence of any material misstatement. Our audit wo]k to test the rewverability of trade debtor5 involved sel¢cting a sample of trade debtors at the year ¢nd and agreein8 these balan¢es to the sajes invoices and post year end receipt& following up on any tentia] irrecovcrdble debt5 if applicable. Our audit work in req>ect of cotnpletcrtess at)d aceuracy of creditor5 wa5 focused towards deferred in¢omelfecs rtteived in advance. For this we se]￿ted a sample of invoices raised and amounts received pre year end and traced any fees billedlr¢c¢ived in adwdnee to the corresponding cr¢ditor. Our audit work to test completeness and accuracy of income involved perforniing a proof in total to confirm that the l¢vtl of income per the finan¢i8] statements was consislent with the average number of students and correspondirtg fte leYel8. (￿ audit work in r• of ¢ompliance with law5 and rcgulations involv¢d reviewing inspection rq)0rt8 WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY CUARANTEE IF4DEPENDENT AUDITOR'S REPORT TO ThE MEMBERS OF WEST LODGE SCHOOL LIMITED YEAR ENDED 31 AUGUST 2024 and IKArd M1￿Ute& as well as remaining vigilant for at)y evidence of any potellti￿ breaches which have OCCUTreJ during th¢ year. We performed substalltive testing to identify ally large fluetuations Or gigllificani and Unexp￿ 10&8es wbich may indic*e risk of maieriA] misstatement du¢ to fra￿d. We have ieviewed the riD￿CIal disc105LWeS and as5esKd cO￿p]iance with the following ielevallt laws and regulations: CoTnpani¢s Act 2(KJ6 Charities Art 2011 Dats Protection Act 2018. Th¢ Educati¢)n Ac¢ 1996 H￿1th and Safety at WoJ* Aci 1974 SchcK>l Pr¢tnises (E￿81a[1d) Regulations 2012 IDdep¢nd¢nt S¢hools Inspe¢ioMe I￿¢S￿laritieS which result from frdud are iDherently more difficult to detect than irregulaTities which r￿￿]l fiDm error. How¢vex, there hav¢ never been athy instaaces orrraud en¢ount¢r¢d with th¢ charity and ihere are conirois in place through the segregation of dutics and regular reviews of mat￿ement accounthudgets which reduce the risk of fiaud through tna*]agement override. All audit team rn¢mb¢rs W¢Te made aware of the rejevant laws and ￿ul&¢10n$ appli￿ble to the charity together with ptstential fraud risks and r¢mained alert to any iDdication5 of fraud or ￿￿-¢0mpliance witb laws and re8ulations throughoui lh¢ audii. As part of an audit in accordallce with ISAS (UK), we exercise professional judgment alld ]Daintain professiona] scepticism throughout the audit. We also: Identify and ￿￿88 the risks of material misstatement of th¢ fMan¢1￿ statements whcthcr due to fraud or error, design and pcrforni audit pro¢eAJures rcsponsive to those risks and obtsin audit evidence that is suffi¢i¢nt and appropriate to provide a basis foi our opinion. Thc risk of not d¢te¢ting a material mi&staternent r￿ultIng from fraud is higher than for on¢ resulting frorn error, as frdud may involve collusion, forgery, intentional omis%ion5, misrepresentations, or th¢ oY¢rrid¢ of of Intern￿ control. Obtain an understsnding of internal control relevant to the audii itt order to design audit procedures that are approptiaie in the circu￿Sta[￿ but not for the pwpose of expr£4ing an opinion on th¢ ¢ffe¢tiveness of the internat eontrol. Eva]u8te the 4Jpropriaten¢ss of accounting poli¢ies used and the r¢asonablenw of ac¢ounting cstimatcs and i¢lated disclosures rnade by th¢ Im￿e¢S. Conclude on the appropriateness of the truste&%' use of the going comcem baM"s of accountin8 and, based on the audit evid¢nc¢ obrained, whether a material unc¢￿Inty exisis related to events or conditions that may cast significant d¢)ubt on the charity'% ability to ￿ntinUe as a going concern. tf we co￿]ude that a material uncertainty exisf4 we are rcquired to draw attention in our auditovs report to the related dis¢losurEs in the WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUAIL4iYfEE INDEPENDEFrf AUDITOR'S REPORT TO THE MEMBERS OF WEST LO[￿E SCHOOL LIMITED YEAR ENDED 31 AUGUST 2024 finan¢ial tstatetnents or, if such disclosur￿ ajr inadequat¢. to modify our Opinio￿ Our collclusftons are based on the audii ¢vid¢nce obtained up to the datc of our auditorfs report. However. future events or conditions may ¢aus¢ th¢ charity to c￿¢ to continuc as a going ¢on¢em. Evalu*e the overall presentatio￿ strudure and content of the fi1￿Cial statements, including the dt5cIosuT¢S and whether the financial statements repr¢s¢nt th¢ underlying transactions and events in a manner thal achierts fair pres¢ntatio W¢ eommunicate witb tbose charged with gov¢rnanee regarding, an)ong other matter& th¢ planned xope al timing of th¢ audit and Significatht audit findings, including any significaDt deficiencies in intcrnal Control that we identify during our audit. Opass Billitw Wilson & Honey LLP is eligibl¢ for app)intment as auditor of the charity by virtue of its eligibility for appoitrtrnent as auditoi of a ¢ompany urmler section 1212 of thc Companies Act 2(Kl6. Use of our report This rqK)rt is made solely to thc charitys Membe￿ as a b(NJy, in accorda[￿¢ with 5¢Ction 144 of the Charities Act 2011 and regulations made under section 154 of that Aet. Our audit work has been undertaken so that wc might state to th¢ charity's members those matters w¢ are rquired to state to them in an audito@s rq￿rt and for no other purpose. To the ￿lIest extent permitted by law. we do not accept or awme responsibility to anyone other than th¢ charity and the charity's meml)ers as a body, for our audit worK for this report, or for the opinions we have fornied. Op￿$ Billings Wi150n & Honey LLP Chartered Certified Accountants & Statutory Auditors Numeric House 98 Statiot) Road Sidcup DAIS 7BY io- WEST LODGE SCHOOL LIMITED COMPANY LIMrrED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUND YEAR ENDED 31 AUGUST 2024 21)24 Re#ricted funds Tot￿ fullds 2023 Utjrestrieted tunds Total fimds No Oiher trading a¢iiYiiies VC5tment In￿Me 2,079.943 33.907 079,943 ,907 J.878.8D8 J2,332 Tot41 iDcome 2,113,850 2,113I50 J,891,J40 Expenditure Expenditure on Charitable ￿tivItieS Total expenditure 1.965.834 2,016 1,967JSO 1.828.342 1,965,834 2,016 1,967,850 1.828.342 N¢t i￿￿￿¢ w¥i n¢t movwD¢nt in funds 148,016 (2,016) 146,IJIN) 02. 798 Re¢on¢lll*tloll ofruttd$ Totsl funds brought fonvard TO¢￿ fllllds earrAed forward 2.471,712 17.810 1489,522 2,426.724 2,619,728 15,794 1035J22 2.489,522 The slatement of fitw)cial activities include5 gains and IosKs r¢cogniS￿l ITh th¢ year. All in¢ome and expenditure derive from continuing aciiviiies. The notes OD p4ges 14 to 22 for￿ part of these fiDanci*l ststements. li WEST LODGE SCHOOL LIMrrED COMPANY LI￿[rrED BY GUARALYTEE STATEMENT OF FINANCIAL posrrioN 31 AUGUST 2024 2024 2023 Nrte FIXED ASSETS Tangible fjxd &ssets 13 1,765.660 J.769.841 CURRENT ASSETS Debtors Cash at bank and in hand 14 437.1119 1,619083 455.318 1,248.735 1056,S92 1,704,053 CREDrroRS: &mo￿￿ts f￿lIng due FIthiD Ont ye NET CURRENT ASSETS Is 1,1107,897 880.205 1,048.695 1814J55 823,848 TOTAL ￿$￿Ts LESS CURRENf LIABILITIES 2.593,689 CREDITORS.. f*l]ing due 8fter more ODe year 16 178033 104,107 NET ASSETS WSO22 2,489,522 FUNDS OF THE CHARrrY RtslTided funds Unrcstri¢ted funds J5,794 2￿19.728 2W8522 17,810 2,471,7J2 Total ch•rlty thnd8 18 2,489.522 For the Ye￿ ending 3 1 Augu￿ 2024 the charity was entitled to exemption from audit under s¢¢tion 477 of the Compalli￿ Act 2006 relating to small COTnpanies, however the charity is subject to audit under the Chariti¢s Act 2011. The directors acknowledge their responsibilities for complying with the requirements of the Comp8nÉ&8 Act 2006 with reS[￿t to &counting records and the preparation of financial ststements. Th¢ mejnbers have not required the ¢ompany to obtain an audit of its financial Statements under the requirements of the Compallie5 Act 2006. for th¢ y¢ar in qu¢stion in accordance with se£tion 476. These financial stat¢m¢nts have been prq)ared in a¢cordance with the provi5Lons applicable to cornpanies subjett to the small companies. regime. These fin￿1ClaI 5tat•n¢nts were approved by tbe board of tNstees and authorised for i&sue on ......................... and are signed on behalf of the board by.. Mrs C A Hcad.Rapson (Chairnian) Trnstee ybe ee Th¢ no¢¢8 pages 14 to 22 fonu p*rt Trf thest fiDan¢iil 5tatem¢Dts. 12- WEST LODGE SCHOOL LIMITED COMPANY LIMrrED BY GUAIL4NTEE STATEMKNT OF CASH FLOWS YEAR ENDED 31 AUGUST 2024 21124 2023 CASH FLOWS FROM OPEIL4TING ACTIVITIES Net income 146,MO 62,798 Adjtsstmenlsftsr.. Depre¢iation of tangible f]xed a￿tS Other inierest r￿￿1Vable and similar inwme Interest payable aDd Similar charges A￿TU¢d expenses 97,186 133,907) 5J28 252,166 83,426 (12.332) 6,922 48.280 ChaNges in.. Trwje and other debtors Trade and other ¢reditors 9,93 &471 (66,504) J2,020 C&sh genetsted from oper*ions 485,174 134.610 Interest paid Interest received (SJ28) 33907 (0.922) 12,332 Net ¢ash frorn operatiD8 activitics 513,753 140,020 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of tsngible &ssets Procee(ts from 5a1¢ of tangÉble a55ets (103,621) 10,617 (167,112) 3.355 Net cash used in I￿v￿lIttg aetivities (93005) (J03.7J7) CASH FLOWS FROM FINANCING ACTIVITIES Borrowings Net C&8h used in financing activities {so,000) (50,000) (50,OIJO) (50,IJOO) NET INCREASEia)ECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENfs AT BEGINNING OF ISAR CASH AND CASH EQUIVALENTS AT END OF YEAR 370,748 124&735 (73.737) 1.322.472 1.619A83 1.248.735 The notes oll pages 14 to 22 fom part of tbtse fi￿8￿¢18] statements. 13- WEST LODGE SCHOOL LIIVllTED COMPAf4Y LIMITED BY GUARANTEE NOTES TO ThE FINANCIAL STATEMENrs YEAR ENDED 31 AUGUST 2024 Genernl inffjTmitlon The elwity is a public lyenefii entity and a private Company limited by guarantee, registered in England and Wale5 and a registered charity in England and Wa]&8. The address of the regI*¢r￿ offi¢¢ 1$ 36 Station Roa¢ Sid¢up, K¢ni DA15 7DU, England. Statement of Compli*￿te These financial statements have been prqmred in eompliantt wth FRS 102, The Financiai Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recomn]ended Prnctice applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Stalldard appli¢abl¢ in th¢ UK and Republic of Irelartd (FRS 102) (Chariti&s SOBP (FRS 102)) and the Companies Act 2006. Accounting pollcle5 BASIS of prepAratiDn The financial statements have been prepared under the historical c05t convetttion. The statements are in accordance with the Charities St*ement of Re￿Mmended Practice {FRS102) and the Companies A 2006. Th¢ Charity mttl$ th¢ definition of a publie benefit entity under FRSIO2. GolDg concern There are no material uncertaioties aF*)ut th¢ clwity'i> ability to continue. Creditors Creditors ar¢ initially recorded at fair value and are then remeasur¢d to th¢ prcsent value of the expected future cash outflows. Debtors Debtors are initially ￿r0ed at fair value and are a&s&ssed for impairment at each reporting date. If any impairmenls exibrt the debtors are r¢m¢asured to the present value of the expected future cash Inflows. J￿dgeMents and key sourees of estimation uncertainty There are no significant estimates or aS￿MptionS made th￿ have a significant risk of ¢ausing a material adjustmeiit to ihe carrying amout)ts gf and liabilities within the next financial year. Fund ACCDUDti Unrestricted fi]nds are available to spend on activities that further of the purposes of the charity. Designated funds ar¢ unr¢stricted fund5 of tbe chaTity which the trustees have d￿ld¢d at their discretion to set aside to use for a spwific purpose. Remricioj funds are d¢)llations which the donor ha5 specified arc to bc solely for p8rti¢ular 2reas of the SGhool'5 work or for sp¢¢ific projects bein8 undertaken by the School. 14- WEST LODGE SCHOOL LIMITED COMPANY LIMrrED BY GUAWTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 AtCOUDting policie5 (cM&A¥&) lThcoming re50urees All incoming rtsources are included in the 5tstem¢nt of financial activitie5 when entitlernent has passed to the charity,. it is probable that the economic benefits &ssociated with the transa¢tion will flow to tILe charity and th¢ amount can be reliably measured. The following specific policies are applied to particular categories of income.. iwome from donations or grallts is recognised when there is evidence of eDtitlement to the gi receipt is probable and its amount can b¢ m¢asur¢d r¢liably. income frorn contr&ts for the supply of services is recoglli5ed with the delivery of the contracted y£Jvice. This is cl&8sified as unrestricted thnds unless thcre is a contrdctual rquirement for it to be spent on aparticular purp)se and reThuned if unspen¢ in which cas¢ it may be regarded &$ rotrieted. Rewur¢es ￿pÈJId Expenditure is recogni5ed OD an accruals basis as a liability 1$ in¢urffd. Expenditure in¢ludes any VAT which canTrot be ￿llY recovered, and is Cl￿1￿[c￿ u￿]er headings of the statement of financi￿ activities to which it relates- expenditure on raising ￿ndS includes ihe costs of all fundraising activities, events non-¢haritable ttading aclivitie5, and the 5alc of donated goods. expenditur¢ on charitable activitiGs includes 811 cost8 iDcurred by a ctwity in undertaking xtiviti£8 that furth¢r its charitable aims for the benefit of its beneficiaTie% including thos¢ support co￿$ and Costs relating to the gov¢matt¢e of th¢ chatity apportion¢d ¢0 ¢haritabl¢ a¢tivities. other expeTHlitur¢ includes all expenditure that is neither related to rdising fullds for the Ch￿]ry nor pan of its expenditure on chaTitable activities. All costs axe a]lo¢*ed to expenditure categorits refiecting the use of the rcsourc& Direct costs attributsbl¢ lo a single activity are allocated directly to tI￿t activity. Shar&J costs are apportioned between the activities they contribut¢ ¢0 a r¢a8onable. JU￿Ifiable and ¢ottsist¢nt basis. T*ttglble *gsets T￿gible Fixryj Assets are stated at cost less depreciation. Depreciation Ikptcciation is ca]culated so &s to write off th¢ ¢ost or valuation of on wel, less 11$ ￿Idual value. over ihe Useful economic life of that asset as follows: Frtthold property Fixture4 fittings and equipment Motor vehicle5 2*/J4•/&l￿lfj Straight Line 25/0 Reducing Balance or IO/d12.5 /0 Straight Litte 250/0 Reducing Balanc¢ Is- WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FIf4AL¥CIAL STATEMENTS f¢Mth￿l) YEAR EI￿RD 31 AUGUST 2024 AeeountiDg pollcles IJDp8iTment of fixed #￿ett A review for indicators of impairnient is carried out at each rq)orting dat4 with the reeoverAble amount bein¥ estimated where ￿ch indicators exist. Wh¢r¢ th¢ carrying value exceed5 the recoverable atnounL the $5¢t is Itnpalr￿ accordingly. Prior itnpairmenls are also reviewed for p)ssible Tev¢rsal at r¢porting For the purix)ses of impaimient testing, when it is not POSsibl¢ to ¢Sti￿atr the recoverable amount of an individual asseL an estimate is made of the recoverable amount of the cash-generating unit to which tbc belong5. The ca5h-gencTating unit is the smalle%t identifiable group of assets that includes the asset and generates cash inflows that largely it¥Jependent of the cash inflows from oth¢r a&8eLs or groups of FlnaDcl81 iD5truments Financial instwm¢ntS 3T¢ cla&sified artd accounted for, xcording to the Substance of the contractual arrdngement, as ¢ith¢r financial assets, financial liabilities or equity instnjments. An cquity instrument is any contract that eviden¢&s a residual inte￿￿t in thc a&￿ts of the company after deducting all of its Defined contribution pl¥tty C•ntributions to defitted Contribution plans are reCo￿lS¢￿ &s an expellse in the period in which the related service is providd Prepaid contributions are rcco8nised as an asset to the ext¢nt th￿ the prepayrnent WÈIS lead to a reductioii in future payments ora cash refund. When ¢ontribution8 are not expeeted to be settl&l wholly within 12 mooths of the end of the rqM)rting date in which the employee5 rendcr the rclated service, tht liability is measured on a discounted present value basi$. The unwinding of the discount is recognised as an expenge in the period in which it arises. Limited by guarantee The Company is limited by guarant¢¢ and does not have thare capital. Otber tr•dlng 8¢tfviti¢8 Unr48tricted Funds Restricted Totsl Fund6 FLmds 2024 Sch￿] fees rec¢ivabl¢ Canteen sa]e8 Sundry sales Registration f After school clubs Other govemmot gr4nt8 1,727,892 170,175 54.825 1700 101,892 22,459 1,727092 170,175 S4￿25 171)0 101092 22,459 2,079,943 2.079.943 16- WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEN13 (CWNI*4 YEAR ENDED 31 AUCUST 2(124 Otber trnding a¢tivitie$ ftontiNuvd) Unreslricted Funds R&siricted Total FUTMIS Funds 2023 School fees receivable Canteen sale5 Sundry sales Registration fees After school club5 Other government grants 1,574,073 139,107 55.137 1,550 85,441 6,500 1.574,073 J39,107 72,137 1,550 85,441 6.500 17,(KKJ 1.861,808 17.(M)O 1,878,808 Investment income Unrestticted Total Fund$ Unr¢stri¢t¢d Total Funds Funds 2024 Funds 2023 Bank interest ￿thvable Building society interest Teceivable 33.473 434 33873 434 12,093 239 12.093 239 33.907 33,907 12,332 12.332 Exp¢ndSture on ¢h*rit*bk ae¢ivtties by fulld type Unr¢stiicted R¢strict¢d TO¢￿ Funds Funds Funds 2124 Tcaching Support Welfar¢ 1.422,514 I(KJ,703 163,438 192,661 86,518 1,422A14 100,906 163,4J8 194A74 86J18 203 1.813 Support costs 1,965,834 2,016 1967050 Unr¢stricted Funds Restricted Totsl Funds Funds 2023 Teaching Support Welfare Premises Support Costs I,322,180 74,912 166.301 169,781 94,898 1.322,180 75,]82 166,30J 109, 781 94,898 270 1.828,072 270 1,82J,342 17- WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUAILwfEE NOTES TO THE FIL¥ANCIAL STATEMENTS VEAR ENDED 31 AUGUST 2024 Analysts of ¥OYernA￿e¢ costs Legal and professional charges Governance Total 2024 Total 2023 Audito15 remuneration Legal and Profe￿s1onal charges Inspections Depreciatson lllterest payable Profe&sional asswiation ¢osts 6.000 26.048 3,203 31,120 5,328 4,202 tS,(WO 32.062 J,852 45,9J3 0.922 2,149 26,048 3203 41,737 5?28 4J02 10.617 75,901 10,617 86A18 94,898 Net itttomt Net income is stated aficr chargiugl(crediting)'. 2024 2023 D￿[￿lation of tangible fixed a&setg 97,186 83,426 10. Audlton reiiiuDeratioD 2024 2023 Fecs payable for thc audit of the financial ststements 00 6.01 11. St*ff eosts The tot￿ staff ¢osts and employee beneftts for the reporting pcriod arr analysed as follows.. 2024 2023 Wag&q and salaries Social security costs Employer contrilM]tions ttspension plans Other employee benefits 1,1184.031 91 J27 153 4,831 lJ34,O77 1.004.148 85.909 155.093 3, 763 1,248.913 WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢•Athed) YEAR ENDED 31 AUCUST 21)24 Jl. Staff ¢08tS The av¢rag¢ head of ¢rnployees during the year was 45 (2023: 43). The av¢rdg¢ nurnber of fidl-tirne equivalent employees during the year is analysed &s follows.. 2024 o. 2023 No. Teaching ClassToom assistanis Administration Midday SUP¢TViSO Cleaning Caretaker TA'% a[￿ wrdparound eare 18 li 17 12 43 The number of employees whose remuneration forthe year fell wiihin the following bands, w¢r¢: 21124 2023 £90.000 to £99.999 IL TTh$t¢¢ r¢mun¢rJtioD 8nd tsP¢Daei No remull¢ra¢kon or other bm¢fits from ernployment wlth the charity or a related CDtity wcrc rcccivcd by the trnsttts 13. Tangible fixed 8ssets Land a￿d Fixtu￿$ and buildings fitting5 Motoi vebicles Total Cojt Ai I September 2023 Additions Disposals At 31 August 2024 Deprttiation At I September 2023 Charge for th¢ y Disposals At 31 August 2024 C8rryillg amount 1401781 34,421 418,655 15,581 (67,299) 19,785 53.620 1841321 103,622 {67299) 2,437202 366,937 73,405 2,877,544 738,729 53.283 314,846 31,120 (56,682) 17,805 12.783 1,071J80 97,186 (4082) 792,012 289,284 30,588 I,IiiW4 At 31 Aug￿$1 2024 At 31 August 2023 1,645,190 77,653 42,817 1,741560 1,664,052 103,809 1,980 1, 709,841 19- WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUARAr￿rEE NOTES TO THE FINANCIAL STATEME1￿[s YEAR ENDED 31 AUGUST 21124 13. Tanglble fixed •¥sets C¢•th¥ed) The freehold property gifted to the Charity on the 22nd May 1992. It ha5 becn included at a valuation of £2￿,8{KI b&sed on an estirnate informally given to the Charity in l992. No dwreciation has becn chaT8ed on the Freehold Propety as the rcsidual value is considered to bc in cxce5s of th¢ original valuation. ]n¢lud¢d ID LaTKi and Buildings is impmv¢rn￿tS to the frethold property which have been depreciated. 14. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 381,829 42,627 12,653 393.325 51,582 10.411 437.109 455,3J8 15. Credito￿. Smtmnts I￿11￿¥ dut wlthln one year 2024 2023 Bank loans and overdrafts Trade creditors Accrua]s and defenrd income Social security and other t&xes Other creditors 50,0 672Y 748J56 19.699 122,052 50,0 35,936 629,035 J9.08J 145,553 1007W7 80.205 The bankers for We* Lodge School Limitcd hold a first ¢harg¢ ov¢r th¢ prop¢rty known a5 36-38 Station Road, Sidcup, Kent. They a]so hold a debenture over all the assets of the company. 16. Credltors: *mt)uJhts faUIDg du¢ •ft¢r more than one 2024 2023 Bank loans Ènd overdrafts Accruals and deferred income 54,167 124,666 17&833 104.167 104.167 17. Penslon& other pojt retirement bel￿ffits Dellned ￿ntrIbutIon plaj The amount r¢cogniwl in income or exr*nditure &$ an expense iti relation to defined contribution plans was £153,888 (2023.. £155.093). 20- WEST LODGE SCHOOL LIMITED COMPANY IJMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 18. AD•lysls of ehArlt•ble funds Unttstrkted fund$ At I Septetnber 2023 At 31 Augwt 2024 Income Expenditure Transfers GeneTa] fuDds Designated Fund 2,442,862 28,850 2,113,416 434 {1,965,834) (2,106) 2,106 2￿8￿38 31J 2,471,712 2.113,850 (1.965,834) 1619.728 At I September 2022 At 31 August 2023 Income EX￿diture Transfers General ful￿5 Designated Fund 2399283 26J61 1,873,901 239 (1,828,072) (2,250) 2,250 2,442.862 28,850 2.425,644 1,874,140 (1,828,072) 2,472.712 Restricted At I Septernber 2023 At 31 August 2024 Incomc Expenditure Transfers Motor Vehicle Piaygmund 810 17,0(K) (203) (1,813) 607 15,1 17,810 (2.016) IS794 At I September 2022 At 31 August 2023 Income Expenditure Transfers Motor Vehicle Playground 1.080 (270) 810 17,000 17,000 1,080 17,000 (270) 17,810 -21- WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 21124 19. of Det assets behveen Unrestricted Fun(Ls R¢stri¢ted TO¢￿ F￿ndS Fwids 2024 Tangible fIx￿ assets Current assets Creditors less than l year Creditors gr¢aler than l year Net assets 1,749.866 2,056,592 (I,(K)7,897) (178,833) 2,619.728 15,794 1,765,660 2.IW92 {1,007O97) {178033) 15,794 2,635￿22 UDrestri¢ted Funds Restricted Totsl Funds Funds 2023 Tangible fjxed assfts Curr¢nt assets Creditors lessihan l year Creditors gr¢aterthan l year Net w$ets 1,752,031 1.704,053 (880205) {104,167) 2,471,712 l7.810 J.709.841 1,704,053 (880,205) (104,167) 2.489,522 17.810 20. Analy8i8 of cknnge5 in net debt At I Scp 2023 C￿h flows 31 A￿g 2024 Cash at bank and in hand Debt due within one year Debt due after one year 1,248,735 (50,0(X)) (104,167) 1,094,568 370,748 1,619.483 {so.000) (54,167) 50,(KK 420,748 IO15JiO 21. R¢l*ttd p*rties Th¢re were no tran￿li0￿S with related parties during thc reFQrting period. -22- WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUAIL4NTEE MANACEMENT INFORMATION YEAR ENDED 31 AUGUST 2024 Tbe followiDg pages do not form part of the fin4D¢tsI s¢•¢ements. WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUARANTEE DETAILED STATEMETrrr OF FINANCIAL ACTIVITIES YEAR EL4IDED 31 AUGUST 21)24 2024 2023 Ineome and endowmeD¢s Other tr*dlng 8Ctivities SclMK>I fecs receivable Canteen sal& Sunthy sales R¢gistration fees After ￿h0o[ clubs Other governm￿1 grants 1,727,892 170,175 S4￿25 1700 101,892 22.459 1.574,073 J39,107 72.]37 1.550 85,441 0.500 2,079943 1.878,808 Invwtment In¢owe Bank interes1 receivable Building society interest receivable 33A73 434 12.093 239 33,907 12.332 Total ineome 2,J13JSO 1,891.J40 Expendlture ExpeDdlture eh*rlt*ble a¢tlvltleB Cleaning and cateritig co&5 Wages and $￿antS Employ&s NIC Pension costs Other post.retirement benefits Rate5 and water Light and heat R¢pairs and maintenance Insuran¢e I£gal a￿d professional fe¢s Telephone (Xher otTiee e05ts Ajnortisation ikpreciation her interest payable aDd similar charges Marketin& advertising & r¢cruitrnent costs Co]npu(er expenses Staff trdining Sundry pur¢h&$es Educational requisites Profe&sional association costs Hire of equipment Field tripb 163A38 1,084,031 91a27 153,888 4,831 19,536 65,820 32,093 159.815 1,004,148 5,909 155.093 3, 703 21,346 47.996 44.598 17,155 39,914 2.751 360 2,955 83.426 6.922 20,481 15.208 5.333 39,834 J2.97J 2,149 J5.247 40,908 35JSI 2,431 2,448 Ilb,617 97,186 5?28 8,144 16,272 10,256 52.480 4,202 13W2 46,677 1,96705 1,828,342 Total exptDditure 1967WO J,828.342 WEST LODGE SCHOOL LIMITED COMPANY LIMtTED BY GUARANfEE DETAILED STATEMENT OF FINANCIAL ACTivrriES YEAR ENDED JI AUCUST 2024 21J24 2023 Net Income i1￿0 62,798 WEST LODGE SCHOOL LIMITED COMPANY LIMrrED BY GUARANfEE 40TES TO THE DETAILED STATEMENT OF FINANCIAL AcfIviTIES YEAR EI¥DED 31 AUGUST 21124 2024 2023 Expendltur¢ on C[￿1t￿ble *etivlties Tea¢hlDg Ae¢lvities MAdert&k¢M dlpttrfy Salaries Employ¢r's NIC Pension wsts Staff health insurance Mw*etirtg, advertising & recruitment co Staff training EducationaI requisites Fi¢ld trips 1,084,031 91J27 153W8 4031 8,144 10256 23J60 4A677 9P7.666 85.905 155.093 3.763 20.481 5,333 J2,971 40,968 1,421514 1,322,J80 Support Acdv/tie5 undertfjktn dlpeeily Childr¢ns insurance Telepbotte OthcT office costs Depreciation Computer expensts Sundry purchases Hi￿ of equipment 1,122 2.75J 360 660 15,208 39,834 15.247 2,431 16272 52.486 13¥2 100, 75.182 Welf8rt Activities undertaken 41trecily Cleaning ond catering eost5 Canteen wages and saiories Canteen employevs NIC 163,438 J5Q,815 6.482 163,438 100,501 Premises Activilie5 und¢rtak¢n 4rf1re¢dy Rates & water 19J36 21,346 Carried forward 19A36 21,346 WEST LODGE SCHOOL LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES I￿1*h%￿l4¥ YEAR ENDED 31 AUGUST 2024 2(124 2023 Brought forward 19.536 21.346 Light & heat Repairs & maintenamce lllyura￿e Depreciatio 65020 32,1193 23,742 47.996 44,598 10.033 39,808 194,474 169,781 Goverll8J*e etssts Auditovs remuneration L¢gal and professional charge5 h)speciions Loss on disposal of tsngible fJx¢d &8sets for chariws own use Deprecialion Loan int¢r¢sl payable Professional association Costs 26,1148 3.203 Jil.617 31,120 SJ28 4,2112 32,062 J,852 2,955 42,958 6,922 2,149 86￿18 94,898 Expenditure on tharftsbl¢ Artivitie 1,967850 1.828.342 -27-