charity registration number 286347 Cornpany reglstration nuMr 00705392 (England and Vlalesl MAWIILLE HIGH SCHOOL UMrrED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
MAYVILLE HIGH SCHOOL LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trustses Ms V Skoniec2na {Chairl M5 Tanya Riordan MIAndre•4 Porter Dr Saiah Hookway Mr John Davenport Mr lan Fairley MrArunkumar Pillai Charity number 286347 Company number 00705392 Registered office 3&37 St Simon's Road S(Krthsea Hampshiiè P05 2PE Auditor SumerAudrt Piper House 4 Dukes Court Bognor Road ChK*esleT Wesl Sussex P0198FX Solicitors Biscoes Cousins Grovès Qn9slon Place 62-68 Kingston Crescenl Portsmouth Hanls P02 8AQ Stone Kjng LLP Boundary House 91 Charlethouse Street Barbican London EC1M 6HR
MAYVILLE HIGH SCHOOL LIMITED CONTENTS Page Trustees, report Statefflent of trustees, re5ponsibilthes Independent au¢Jrtorfs report Slalement of financial acttvities Balance sheet 10 Sl*ement of cash fiows 11 Notes lo the financi statemenls 12-25
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGusf 2024 The trustees present their annual report and finan(JaJ staterrenls for the year ended 31 August 2024. The financial stalements have been prepared in accordan with the ac¢ounting policies sel out in note 1 to the finanual stalements and compty with the charity's deed ol trust. the Companies Act 2006 and -Accounting and Reporng by Charities". Staternent of Recommended Practice 3pplicabk to charities preparing their accounts in acctsrdance with the Financial Reporting Standaid applicab in the UK and Republic ol Ireland IFRS 1021" leffective 1 January 20191. Objectives and activiti.es The Trustees are responsible lor setb"n9 a Strategy for achieving the objeclivès thèy have set and the focus of this strategy is thè development of oui pupils and wi doin9 so we". Review the School'5 academic syllabus and leathing practus and policie5'. Ensure that the range of CCUrriCUlar activrtr.es available to our pupils is shrnulating and chaIn91n9.. Invest in lechndogy and the irrfrastructure of the 5ohoot". Go-operate and share resources wrth other organisations,. Continue lo review and devek>p our methods for awarding bursaries and scholarships lo ensure wider access to pupils from ajl backgrounds. Our Ethos is that ol a caring school where every pupil is an individual. The School welcomes pupils from all backgiounds. To admtt a prospecbve pupil we need to be satisfied that our School will be able to educate and develop a child to the best of thèir potential. Entiance Interviews and assessments are undertaken lo sab.sfy both Ourselves and the parents that the pupil can cope with the pa of education we provide. Our Aims The objects of the S¢hool are the advancement ol education ol boys and gir15 and in partiar to maintain a boys and girls day school in Southsea, Hampshire. We airn through our Junior and Senior Sd)ools to prowde a first dass education to boys and gids from the ages of 2 to 16. We seek lo provide a structured educats.onal environment that develops our pupils. capabilitie5, competencies and skills. We promote the acadernic. Moral and physical developrnent of our pupi15 through our academic curriculum, pastoral caie. sporting and other actmties. We provide an eduoalional environment where each student can develop and fulfil their potential, building their self-confjdence, which will enab them to contribute to the wider communrty In doing 50, we prepare our pupils foi the opportunrties. responsibililies and experiences ol later lrfe. Our Objectives In setting our objectives the Trustees have been given careful consideration to the Charity CommissK)n's guidance on advancing education and fee charging. The objethves refiect our educational 3ims as well as the 9ener&l othos of the School. Our key objecb.ves for the year include.. To develop our cedUCational artemative prowsion and expand our offer at Wyvem House". To Prepare lor the implementation of VAT on Scho fees from 1 January 2025". To continuè to provide and develop a firsl dass educab.on for Ihe pupils of the School by providing high academsc standards.. lthere il is thought to be benefioal lo the pupils. lo provKle separate dasses for boys and girls. understanding the benefrts that are achieved by inlegralion. To maintain an optimum number ol pupils to ensure each dass is prowding the stsmulus and i)pportunily lo each pupil to develop both intelleclually arkd socwlty.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 In accordance with the Charty Commiwon guidelines on pubbc benefil". To continue to support and assisl pupils with fee bursanes and stholarships of up to 100°k,' Tts develop liaisons with other schools and organisations by sharing Fesouices and facilities.. To improve and Increase the faalities availab to pupi15 and staff. To continue a programme of planned maintenance of the buildings Ltsed by the School". To colltinue lo support other charities rKkt only by donations but by organising trips abroad where the pupils have the opportunity to dire¢Uy assist wrth the charitable work undertaken. Public benefit The trustees have paid due iegafd to 9uidan(% issued by the Charity Commission in deuding what athvities the charity should undertake. A¢hiovements and perfomiance Significant activities and achievemenfs against obfftctwes The academic perfornan ol all pupils is carefully monrtored to ensure that each child will frjlfil their potential. 2024 saw the departing Yeai 11 pupils achieve an 84°A overall pass late IEngLHnd average 67.6°/ol. The pass rate in core subjed5 was 880 Our high value-added scores saw pupils ¢ontinue to exed expectations - 15°A more pupils gained grade 5 and higher in English and Maths as measured againsl their expected outcome. As an indusive school, we strive to ensure that no child is left behind and that all pupils achieve Iheii own personal best. In 2024, the pass rale for pupils with special educab.onal needs was 81%. The School wekomed its first pupils to WyvÈrn House whth openeLI in September 2023. As a Secondary Special Educalional Needs day sctto(A setting, Wem offers a calm environment for pupils betweèn the ages of 11-16 with a range ol neurodiverse needs Indvding ADHD and ASD, to build confidence and piepare them for the next slage of their educational journey_ The majority of pups'ls who attend Wem have an EHCP. but r)ol all. Folbwing tre General Election and Ihe new Labour Govemmenfs announcement that VAT Is lo be applied to Independent School fees from January 202S. the Sthod's finance team prepared a VAT implemenlalion plan to ensure they were ready to issue VAT inGlusive fee invoices for the Spnng Temi and the first VAT return as at the end of February 2025. On 17 June 2024. the lunds and assets of MaywNe High Stho(A TTUSI were transferred to Mayville High School. The Head Teacher, Mrs Rebecca Parkyn MA (Oxonl PGCE MCIL. NpaEL and her staff continue to provide security and opportunities for each child so that they may undertake theif Studies and development in a safe. happy enwronment. The Ttustees are grateful to the staff for their dedication tts the School and the way in which they project Iotward the reputation of the school and instill Confiden in the pupils who attend_ The Trustees are lortunate to have the support of past pupils and an active PTA who assisl the *hool in many ways. to a svJnificant change in her family arthmst3n¢es Mrs PaTkyn twk the deasion lo relocale her family and as a result. lendered her resignation on 3rd June 2025. We a grateful lo Mrs Parkyn for her signrfi¢ant ¢onlribulion to the School during her tenure as Head Teacher. The School continues to be involved in managing projects through the cOeShe11 Comrnunty Sporis Club providtng sporting facilities lo the community.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Financial rgvFew This has been a further year ol growth for the SdK)ol. wth an incwse in pupil numbers to 485 12022r23 4731 helping to generattr a net unie5trided surplu5 of £1.604,69S12022123 £258.2661. This has allowed the Ttustee5 to meet the School's costs from income. and contribute lo substantial developments and Impiovements a(x058 the School's pioperty assets. Investment in the wrrenl year totalled £32.S4712022123 £1.270.1141. During the yeai the Twslees further authonsed expenditure of E29,731 12022123 £123,504) on equipment and faolilies. In accordance with ils charrtable objects Ihe School has Continued to offer scholarships and assisted places to pupils who might nol otherwise benefit from the outstsnding education and faulities available at Maymlle. During the year £289,051 {2022123 £249.8741 was awarded In means-tesled fee assisiance to 45 12022123 461 pupils. To further broaden acces5. scholarships are awarded each year lo recognise achvement and contribution to the Sthool. Seh(Aaiships worth £475.480 were awarded during the yÈar12022r23 £435.7571. to 84 pupils12022123 981. The School has additionally supported outside charities both horne and abroad. and assisted with work in the local c(Knwnunity. ReseThes policy It is the policy of Ihe charity th3t unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent to beiween three and six month's expendrfure. The trustees con5xler that resetVè5 at this level will ensure that. in the event of a significant drop in funding. they will be able to continue the charity's curtenl aclNrties while consideration Is given to ways in vthich addthonal funds may be raised. Th15 level of reserves has been rnaintained throughout the year. Plans for future periods During the next year the school plans to continue io buikl on the StCeSs of Ihe Wyvern ajtemative Pfovision and increase the number of pupils to 25. We airn lo work wth Mayville staft and faMilS on fee affordabilrty given the introduction ol VAT on school fees. The school will continue to rewew faoltbes. equi1 and buildings to ensure tw meet the requirements of the pupils. Structure, governance and management The charity Is controlled by tts governing d(urnent a deed of trust, and constitutès a limited company. Iimrted by shares, as defilled by the Companies Act 20¢A. The trustees, who are also Ihe directo¥s for the purpose of company law, and who served during thè yèar and up to the date ol s@natu of the financial slements were.. Ms V Skonieczna (Chair} Ms Tanya Riordan MrAndrew Porter The Reverend Canon Dr A Rustell Dr Sarah Hookway Mr John Davenp Mr lan Faitley MrArunkumar Pillai (Restgned 3 Drnber 20241 Recruitment and aPptent of Iwslees The Trustees are selected frorn the local communrty and fvom paiènts 01 pasl paients and are appointed for their knowledge of the education system and their experience In business and Industry_ The Trustees are provided with suitable Information and training to enae them to be salisfied that they can fulfil their duties. Thé Trusteès have no benèficial intefe51 in the share caprtal of the company.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES, REPORT ONCLUDING DIRECTORS. REPORD (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST2024 Ol¥closurn of Inf0m(lOn to audltor Ms V sklerA
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees, who are also the directors of Mayw'lle HKJh Sd)o(A Limrt8d ft>r the purpose of company Jaw. are responsible for piepanng the Trustees, Report and the ffinancial 5tatement5 In ao(x)rdance with applicable law and United Kingdom Accounting Standards {Unrted kn"ngdom Generalty Accepted Accounting Practi1. Company Law requires the twstees to prepare financial slatemenls for each financial yèar whh give a true and fatr view of the state of affairs ol the charity and of the incoming resources and appli(tion of resources. Induding the income and expendrture. of the charitable Ix)rnpany for that year. In proparing these financial statements. Ihe tsuslees are required lo". - Seled suitable UtIng poliaes and then appty them ¢onsistenUy'. observe the methods and prin(iples in the Chatibes SORP., makejudgements and estimates that are reasonable and prudent". State whether ap1¢able UK Aco)unting Standards have folowed. subject to any material departures disdosed and explained in the finanaal slatements". and prepare the financial staternènts on Ihe goirhg concem basis unless it is in4)propn"ale to piesume thal the charity WIN continue in operatiix). The trustees are responsib for keeping adequate accounng records that disdose with reasonable acojracy at any lime the financial position of the tharity and enable them to ensure that the finanoal statements comply wth Ihe Companies Act 2006. They alè also responsible for safeguarding the assets of the d)arity and hence loi taking reasonable steps for the preve10 and detecbon ol fraud and other trre9ularities. The tTU51ees ale responsible for the maintenance and integrity of the charrty and finanoal infomab.on induded on the chaitys websle. Legislation in the United Kingdom goveming the preparatson and disseminatK)n of financi31 statements may differ from legislation in othw jutisdictions.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED Opinion We have audited the financial statements tsf Mayvrme High School Limited {Ihe 'charity'l for the year ended 31 August 2024 which comprise the slatèment ol finanaal ac*vrties. the balance sheet, the statement of cash flows and notes to the financial statements, inclijding sigrhifi(3nl accounting policies. The financial reporting fvamework that has been applied In their preparation is applicable law and Unrted Kingdom Accounting Standards. induding Finan¢ial Reporting Standard 102 The Finan01 Reporting Standard applicable in Ihg UK èftd R8public of Ireland (United kn"ngdom GeneraKy Awepled A(Jntlng Praci¢ce}. In our opinw)n, the finanaal siatements". give a true and fair view of the state of the charitable companys affairs as at 31 August 2024 and of its incoming resources and application of resour$. induding rts income and expenditure. for the year then ended". have been properfy prepared in accordance wth Unrted King(Jorn Generalty Accepted Accounting Practi., and have been prepared in accordance with Ihe requirements ofthe Companies Act 2006. Basis for opinion We conducted our audit in accordance wrth International Standards on Auditing IUKI IISAS IUKII and applicable law. Our reswnsibilities under those standards are further described in the Auditorfs responsibilihes for the audit of th& financial stat8m8llts section of our report_ We are Independent ol thè charity in accord8nce wrth the ethical requirements Ihal are rdevant to our audit of the finanaal statetnents in the UK. Including the FRC'S Ethical Standaid. and we have fulfilled our other ethi121 responsibilities in ac£ordance with these requirements. We believe thal the audit evidence we have obtained is suffi(xnt and appropriate to provide a basis for our opinion. Conclusion5 relating to going concern In auditing the finan0 statements. we have conduded that the trustees. use of the going u)ncèm basis of accountTng in the preparation of the finanoal stalemenls is appropriale. Based on the work we have performed. we have not ideniifiè(l any malerial uncerlainlies relating to events or conditions that. Individually or collectivety, may c3St signtficant doLJbt on the chanty's ability to continue as a going cA)ncern for a period of at leasl twelve monlhs from when the ffinanoal statements are authorised for issue. Our responsibili11es and the respon5ibits.ties of the trustees with iespect to gthng concern are described in the felevant sections of this report. Other inforn)ation The other infomialion comprises the inlomation included in the annual report other than the finanaal statements and our auditorfs report thereon. The trustees are respon5itAe fw the other information contained wthin the annual report. Our opinion on the financial statements does not cover the olher information and, except to the extent otherwisé éxplicidy stated in our report, we do not express any fomi ol assurance condusion thereon. Our respollsibilily is lo lead the other infomiation and. In doing so. consider whether the othei Inft>tmalion is materially inconsistent with the ffinancial statements or our knowledge obtained in the course of the aud11. or otherwise appears lo be materially rnisstated. If we identify such material inconsistenoes or apparent material misstatements. we are reqvired to deternine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have perfofmed. we COrKUde that there Is a matenal misstatement of this other Infomation, we are required to report that fad. We have nothing to report In ihis regard. Opinions on other matters prèscrtbed by the Companies Act 2006 In oijr opinion. based on the work undertaken in the course of our audit". the Information given m the trustees, report for the thnancial year for whh the financial stalemenls are prepafed. which includes the directors. report p¥epared for the purposes of company law, Is consistent with the financial statements.. and the directors. report induded ¥Mthin the lrnsiees, report has been prepareil In accordance with applicable legal requirements.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED Mattern on whleh wè arè required to ¥eport by exception In the light of the knowledge and understanding of the charity and rts environment obtained in the course of the alt, we have not identified material misstatements in the directors, rep)rt included within the trustees. report. We have no)thing to report in respecl of the followng matters in relatK)n to vA)ich the Companies Acl 2006 requires us lo report to you if. in our opinion.. adeqLJate acwunling records have not been kept, or retums adequale for our audit have noi been received from branches not visited by us. or the financial slaternents ale nol in agreement with Ihe accounting recotds and returns", or certain disdosures of trustees. iemuneTab"on specified by law are not made.. or we have not received all the infomation and explanatKJns we require foi our audrt". or the trustees were not entrtled to prepare the finanuèl statements In &rdanCe wrth the 5ma¥ cornpanies regime and lake advantage of the small companies. exemptions in preparing the Iiustees, report and from the requirement to prepare a strategic ieport. Responsibilities of trustees As explained mofe fully in the stalemenl of tru5tees' responsibilibes. the Iruslees. who aTe also the dirèdors of the charity for the purpose of cornpany law. are responsible lor the preparation of the financial 5tatement5 and for being S3t15fied that Ihey give a true and fair wew. and lor such intemal control as the trustees deteirnine Is necessary lo enable the preparation of ftnanual statements that are f from rnateria misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsib for a55essing Ihe charity's ability to continue as a going concern, disdosing. as applrable. matters related to going concern and using Ihe going cOnM basis ol accounting unless Ihe tnjslees erther intend lo quale ihe chariiable company or to cèasè opèrathons. or have no realistic atternalive bLrt to do so. Auditorfs responsibilitiès for the audtt of the financial statements Our objectives are lo obtain reastsnable assuran about whether the fIrclaI stalements as a whole are free from material misstatement. whether due to fraud or error. and lo r55ue an audrtorfs report that indudes our opinion. Reasonable assurance Is a high level of assurance but is not a guarantee that an audit conducied in accordance wilh ISAS IUKI will afv4ays detect a rnaterial misstatement when it exists. Misstatemenls can arise frorn fraud Or error and are rx)nsidered rnatenal if, indiwdualty o¥ In the aggregate, they could asOnablY be expected to inlluence the economic deasions ol users taken on the basis of ese finan(xal staletnents. Irregularities, induding fraud, are instanGes of rIOnMpli8[e wrth laws and regulations. We design procèdures in line with our re5pon51bilrfies ouNined above. to detect material rnisstatements in respect of irregu13rities. induding fraud. Thè èxtent to whth our procedures are capaNe of delecting irregulant. induding fraud. is detailed below. In identifying and assessing risks of matenal tnisstatement in iespecl of irregulantes. including fraud and non- compliance with laws and regulations. our procedures induded the following". Obtaining an under5tandtng of the legal and regulatory framewo in vthich the company operates, focusing on those laws and regulation5 that had a direct effect on Ihe finanaal statements and operations.. Obtaining an understanding of the chanty's policEs and procedur8s on fraud risks. induding knowledge of any actual, suspected or alleged fraud". and Discussing among the engagement team htsw and where fraud might occui in the finanaal statements and any potent1al indicattsis of frèud through our knowledge and understanding of the charity and our sector- specffjc experien. As a result of these procedures, we considered the opporiunth.es 8rKI incentive5 that may exist within the company for fraud. We aTe also required to perform speufic piocedure5 to respond lo the risk of management override. As a result of performing the above, we identtfied the foJk)wing areas as those most likely to have an impact on the financial statéments". Cornplian with the UK Companies Act and the Charities SORP IFRS1021.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED In addrtion to the above. our procedures to respond to risks idènb.fied induded Ihe following.. Making enquiries of managernenl. about any known or suspected instances ol non-¢ompliance with laws and regulations and traud" Reviewing minutes of meets"ng5 of the board and senior management." and Auditing the risk of management override of controls. induding through tesb.ng joumal entries and other adjuslments for appropnatene55. Due to the inherent limrtalions of an audit, there is an unavoidable risk ihal some material misslaiements in Ihe financial statements rnay not be detected, even tt)ough the audrt is properfy planed and perfortned in aecordan with the ISAS IUKI. For instance. the lurthei iemoved non-CA)mpliance is from the events and tiansactions reflected in the linanal statements. the $S Iikety Ihe audrtor is to become aware of it or to recognise the non-compliance. A further description of our responsibilities is available on Financial Reporting Council's website al" https.'Il i.frc.oig_LJkl3udrtoisresponsknilrties. This descripb.on forrns part of our auditorfs report. Use of our report This report is made solely lo the charitable company's members. as a body. in accordance with Chapter 3 01 Part 16 ol the Companies Act 2006. Our audil wot* has been undertaken so that we might slate lo the charitable company's members those matters we are required to state to them in an audrtorfs report and for no other purpose. To the fLJllest extent permitted by law. we do not at or assume responsibilrty to anyone other than the charitable cornpany and the charitable company's mernbers as a body. for our audrt Wotk. for Ihi5 report. or for the opinions we have formed. Robin Evans BA FCA CTA DChA (Senior Stattrtory Auditor) for and on behalf of Sumer Audit Chartered Accountsnts Statutory Audltor Chichester SumerAudit 1$ the trading name of SumerAuditco Limtted
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Restrietèd funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies h Iilable activities Sthool feèg Other educatKJnal income Catering and welfare income Other income 1.682.711 17.122 1.699.833 4.742,743 4.742.743 4.437.020 4.437,020 288.138 288.138 285.8C(J 285,800 148.068 126.250 148.068 126,250 140.692 124.122 140,692 124,122 Inveslrnenls Other income 27,647 1,429 27.647 1.429 17.034 17.034 Total income 7.016.986 17.122 7.034.108 5.004.668 5.004,668 Charitable aclvrties Teaching cos15 Premises Welfare 4.650.646 582.418 19tl.699 12.081 4.662.727 582.418 ],699 4.168.445 410.191 142,710 4,168,445 410,191 142.710 Totsl charitsble expenditure 5.423.763 12.081 5.435.844 4.721.346 4.721.346 Other expendiluie 111,4731 111.473) 25,056 25,056 Totsl expend¢lu 5.412,2 12.081 5.424.371 4.746.402 4.746.402 Net in¢orne 1,604,696 5.041 1.609.737 258.266 258,266 Transfers beeen funds 405.482 {405,4821 Net movement in funds 1,604.696 5.041 1.609.737 663.748 1405.4821 258.266 Rèconclllatlon of funds-. Fund balances at 1 Septemi*F 2023 2.793.739 2.793,739 2.129.991 405.482 2.535.473 Fund balances at 31 August 2024 4.398.435 5.041 4.403,476 2.793.739 2.793,739 The statement of financial a1VitieS also cornplies wrth the requirements foi an in(x)rne and expenditure account nder the Companies Act 2006.
MAYVILLE HIGH SCHOOL LIMITED BALANCE SHEET ASAT31 AUGUST2024 Flx•d 12 4644.811 2,C63.125 13 14 Detrtorn Cath att4nk •>J In 347.018 12Th 181,881 1.387.303 1fft3.8M 718.910 7.4 841,660 4.551.745 2.904.785 16 (1482691 {111.046) 4.4478 2,793.739 18 5.041 4.397,435 2.792,739 4.403,476 2.793,739 e2J Ms V SkoThe(zna (Ch*) CranY registrati¢)n nurts LN)70532 (En 8rKI ) 10-
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2024 2024 2023 Notes Ca$h Ilows from operating activities Cash labsort)ed byllgenerated from operalM)ns 23 {83.6461 858.165 Investing activities Purchase of langlble f xed assets Proceeds trorn disposal of tangibk fixed assets Investment income reiVed 162.2781 11.393,6181 27,647 17.034 Net cash used in inY8Sting activttie5 {27,131} 11,376,584) Nèt ca$h used in financing activilies Net decrease in cash and cash equfvaltnts {110.77n (518,4191 Cash and cash equivalents al beginning of year 1,387.303 1.905,722 Cash and Cash equiyants at end of year 1,276.526 1,387,303
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles Charity infomiation Mayville High School Limrted is a pvwate company limited by shares incorporated in England and waS_ The regislered offi¢e 1$ 3&37 St Sirnon's Road. Southsea. Hampshi. P05 2PE. 1.1 Accounting convention The financial statements have been prepared In accordance wrth the charity's deed ol trust. the Memoran¢Jum and Articles of Assoc7alion, Ihe Companies Act 2005. FRS 102 "The Financial Reporting Slandard appllcable in the UK and Republic of Ireland. I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended PractK% appl¢cable to charities preparing their accounts in aeeordance wrth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. leffeGtive 1 January 20191. The chanty Is a Public Benefft Entsty as defined by FRS 102. The financial slalements are prepared in stedTrng. which is the functional currency of the charity. Monetsry amounts in these finanaal slatements are ri)unded to the nearest £. The financial staternents have been prepared under the historical u)st wnventson. The pnpaI accounting poliryes adopted are set out below. 1.2 Going concem Al Ihe lime of approwng the financial statements. the Irustees have a reasonabk expectation that thè charity has adequate resources to conb.nue in operational existence for the foreseeable fLrture. Thus the trustees continue to adopt the going wncem basis of accounting in preparing Ihe finanrAal staternenls. 1.3 Charttable funds Unrestncted ftjnds are available for use at the discretson of the tnjstees in furtherance ol their Gharrtable objectives. Designated funds compnse funds which have been set ade al the disctetion of the trustees for specffic purposes. The purposes and uses of the designated lunds ale set out in the notes lo the fin8nual slalements. Rèslncted fvnds are Subject to specific conditions by donots or grantors as to how they may be used. The purposes and uses ol the restricted fvnds a sel out in the rK)les fo Ihe financial statements. 1.4 Income Income is recognised when the charity is legaly entrtled to it after any perfomiance conditions have been met, the amounts can be measured reliabty. and it is probable thai inwme will be received. Cash donations are recognised on receipt. Other donations are recognised once Ihe charity has been notified ol the donation. unless perfomiance condits"on5 require deferral of the amount. Income tax recoverable In relalion to donations recewed under G[ftd or deeds of ¢J)veRant is recognised at the ts'me of the donatK)n. Don8led goods are measured at thei fair value. unle55 irnpiactical to Measure the lair value reliably. Goods donated for on-going use by a chatty in carrying out its activities are recognised as tangib fixèd assets with the corresponding gain iecognised as income from donations within the SOFA. In common with any olher tsngible assets, dated goods held as tangible fixed assels must be subject to depreciation or amortisation and assessed for indications of their impaimient al the ieporting date. 12-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Icontintsèdl 1.S Expènditu Expenditure is recogni58d onc£ there is a kgal or o)nstnJctive obbgation to translèr eexjntimic benefit lo a third party, it is probable that a transfer of economic beneffts will be qUired in settsetnent. and the amDunl of the obligab.on can be measured reliably. Expendrture 15 dasstfied by activity. The costs of eath aclwty are rnade up of the lotal of direcl costs and shared oosls. induding support costs involved in undertaking each alvty. Direct costs attributable lo a single aclivity are allocated directly to that actmty Shared costs which contribute to more than one activity and support costs which are not 31tributable to a srngle activity are apportioned behveen those aclivtties on a basis consistent with Ihe use of resources. Central staff cosis are allocated on Ihe basi$ of lime spent. and depreaation d)arges are allocated on the portson of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets ale inrtialty measured al $t and Subsequen1 measured at cost nel of depreciation and any impaiment losses. DeplatIon is iecognised so as lo write off the cost or valuation of assets sS their resKlual values over their uselul lives on the following bases.. Freehold land and txjildings Leasehold land and buildings Property Improvements Fixtuies and fittings Minibus 2% on cosl per annum 2°A on cos( per annum 2% on st per annum 11)OQ/o on 51 per annum 25% reducing balarKe per anntjm The gain ot loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of Ihe asset. and is recognised in the slatement of Iinanaal activilies. 1.7 Impatmient of fixèd assèts At each reporbng end date, the charily reviews thè carrying amounts of rts tangible assets to delemiine whether there is any indicalion that Ihose assets have suffered an impairment loss. 11 any such indication exists, the recoverable amunl ol the asset 15 eslimaled in Qfder to delerrnine the extenl of the impaimient loss Irf any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposils hdd at call with banks. other short-lem liquKI investments with orEginal maturtb.es of Ihree rnonths or kss, and bank overdrafts_ 1.9 Finan¢¢al instruments The charily has elected to apply Ihe piomsions of Section 11 'Basic Finanual Inslnjments and Section 12 'Other Financjal Instrumen15 Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the d)8n$ balance sheet when the chanty becomes party to the conlr3clual provisions of the instrument. Financial assèts and liabilities are offset. wth the net amounts presented in the finanryal statements. when theie Is a legally enforceable right lo set off the recognised amunts and theie is an intention lo setde on a net basis or lo realise the asset and settle the liability sImuane0U5ty. 13-
MAYWLLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policie$ (Continu•dl Basi¢ finan¢iala5sets Basic financial assets. whith indude debtors and cash and bank balances. are initialty measured at transaction piice induding transaction costs and are subsequently rarried at arnortised cost using the eftecliv& interest method unless the arrangemenl constitutes a financing Iransactson. where the transaction is rnea5ured al the present value of the future feceipts disrounte(l at a market rate ol interest. Finan(i31 assels dassified as receivable w4thin one year are not 3m(Kbsed. Basic financiTal liabilities Basic financial liabilities. induding ciedtlors arHJ bank loans are inrtially recognised al trarTrsaction price unless the arrangement con5titute5 a financing transaction. where the debt instrument is measured at the present value of the fuluie paymenls discounted at a market rate ol interest. Financial Iiabihlies ckssified as payable within one yeai are nol amortised. Debt instruments are subSeqUY ¢awried ai amorlised c05t. using the effeclive interest rate method. Trade credrtors are obligation5 to pay for goods or serwces that have been acquifed in the ordinary course of operatioTrs from suppliers. Amounts payable are dassified as current liabilities if payment is due within tsne year or less. If not, they are Presented as norj-current liabilities_ Trade creditors are recognised Inibally at Iransaclion price and subsequendy measured at amort15ed cost Using Ihe effective interest method. Derecognition of finaneffal liabililies Financial liabilities ale derecognised when the tharity's conlractual oblwJations expiie or are distharged or cancelled. 1.10 Taxation The tharity is exempt from corporats'on tax on its charitable activities. 1.11 Employee benefits The St$ of short-terni employee benefits are re(¥Jgni5ed as a liability and an expense. The cost of any unused holiday entrtlement is recognised In U)e period in vthich the employee's seNS are re¢eived. Termination benefits are recognis8d immediatety as an expense when Ihe charty is demonstrably committed to terminate the employment of an employee or lo provide lermination benefits. 1.12 Rotlrnment benerts Payments to defined contributs(111 relirernent benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgèments In the application of the charrty's accounling policies, the trustees are required to make JudgeentS. estimates and assumptioris abotrt the Garrying amount of assets and liabilities thal are not readily apparent from other sourcès. The eslirn3tes and asswated assumptions are based on hi5tQriG31 expellen and other factors thal ale considered lo be reVant. Aciual resu$ may differ frorn these estimates. The eslimates and undedying as*Jmpb"on5 are reviewed on an ongoing basis. Rew5ions to aoUnt1ng estimates ale recognised in the pefiod in which the estimate Is Tewsed where the rewsion affects only that period. or In the peiiod of the revision and future penods whère Ihe tewsion affects both current and future periods.
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from donations and 1993cies Unrestricted Restricted funds nds 2024 2024 Total Unrnstrictsd Rèstrieted funds fund$ 2023 2023 Total 2024 2023 Donations and gifts Govemmer*l grants 1.682.711 1.682.711 17.122 17.122 1.682.711 17,122 1.699,833 Donations and gifts Maywlle High School Trust- tran5ter of freehold property Mayville High sch11 Trust Other I,6.0[j 1.650.(K)O 32.500 211 211 1.682.711 1.682,711 Grants rèeeivable for core activities SENDIF 17,122 17.122 17.122 17.122 15-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMEpifs ICONTINUEDI FOR THE YEAR EPIDED 31 AUGUST2024 charItab x*vltss To141 24 2024 20 5.7n678 5.773 $78 227.374 43.780 11.030.53S1 17.004 5.380.891 194.263 46 752 1943.871 227.37 After$th0aubS Bwstffts distnts ana sc•ol¥thps li.93S) f7.rn4 5 OnSne 27.197 140.692 124.123 148Q 148Q66 126 250 OthEr1rjm2 12829) 4.742.743 288 138 148ffi8 5.305.199 4.987.834 Vsssbyfu 4.742.743 288.138 148r 126.29) 5.30$ 199 4 987.GJI Bursarfw. dIounts and Idlar& 8ursar5 aUth¥arK05 stholtrtni Sthg 12650$11 14754801 14tr5480Tr Slaff discauNs {1.935} {1 03U 93SI 1943.871 -16-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charitable activities Icontinuedl For the year ended 31 August 2023 School lo•5 0th4raducatfional Cat•ring and Olher kncome irt£¥rbÈ irbcom Total 2023 School lees Private iurftion incorne Afterschool dubs Bursaries, discounts and scholarships Exam fees MHS Online Cateiing and welfare Oihsr income 5.380.891 5,380,891 194,263 46.782 194.263 46,782 1943.8711 1943.8711 17,558 27.197 140.692 124.122 17,558 27.197 140,692 124.122 4.437.020 285.800 140.692 124,122 4.987.634 Anaty5is by fund Unrestrided funds 4.437.020 285.8(Kl 140.692 124.122 4,987,634 Bursarres, discounts and scholarships Bur5arie5 and 31towans 1249.8741 Scholarships 1435 75n Sibling discounts 1145.1231 Staff discounts 1113.1171 {249.8741 {435.7571 1145.1231 1113.1171 1943,871 1943,8711 Incom8 from investments Unrestricted Unrestricted fvnds funds 2024 2023 Interest r8C8ivable 27.647 17,034 17_
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI FOR THE YEAR ENDED 31 AUGUST 2024 EXp•ndJ•an ctrArftatl•xdvlt T•xthiry Prnffltt•s Totsl 2024 2024 2024 2024 23 202J ZD23 2023 Dirèct G45t5 slay co$ SlaY8xpen¥es 235.462 96211 3.S¢S $80 57.428 2.7.0S7 1S4848 62 737 3.234.642 40 35$ 147 8001 36481 77.123 68.379 72965 79973 239.614 $7.428 147.Sth)1 36.461 77.123 68.379 72.96S Rates ald watfjr L¥rrt and 87.223 87.223 I5 WAnSeS . .488 261.$73 79.973 Pupilexpwses EqJipYeTht rewrs renewS kndry 261.573 239.614 1.758 22619 22.619 3.2. 582418 1gJ.699 4XE025 3.367036 142 710 3819.927 Sh&rn alsupportand gtymanc¢ts isee Support 977.7Q4 768 842 132 $77 768 842 132.577 152.Il5 4.662.727 $82.41 190699 5435.844 4.168445 410.191 142 710 4 721.346 Ahaty$i$ byfuTrd Unrest rwid5 ResIr1C 4.850.616 I2.1 582.418 I1$99 $423763 I2.1 142710 4.721.346 4.662.727 582.418 1.$99 $4¥.844 4.16844S 141T10 4,721.348 18-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2024 Support costs allocated to activttiÈ$ Teaching costs 2024 Total 2023 Staff costs Depreciation Printing & Stationery Postage & carriage Telephoné Advertising General insurances cen$ & subscriptions Staff training Computer expenses Aftercare expenses Donations & charitable payments Govemance 459,188 124.521 60,117 2,880 4.141 111.293 48.747 21.938 33,269 85.041 14.569 12.000 152,115 272,205 170,554 42.940 2.552 5,571 80,803 44.731 21,946 14,703 88,211 12.626 12.000 132.577 1.129.819 901,419 2024 2023 Govèrnance costs comprise: Audit lees Accountancy Legal and professional ISI Inspe¢lions 10.865 8.808 126,349 6.093 9.702 8.088 111.843 152.115 132.577 Olher ttssts Unrestrictsd Unrestricted funds funds 2024 2023 Bad debts Financing costs 115.3121 3.839 20,113 4.943 111.4731 25.056 19-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST2024 Trustees None of the trustèes l(>r any pwsons o)nnected with them) rèowed any MUrIer3.On or benefits from the thanty during the year. No expenses were 1Mbur$6d to trustees duiing Ihe aJTrent or comparalNe peri(Ml. 10 Employè•$ The average monthty number of employees during Ihe year was. 2024 Number 2023 Number 127 119 Employment costs 2024 2023 Wages and salanes Social securty costs Other pension costs 3.564,635 293. 155 146.978 3,088,075 264.183 154.589 4,004.768 3,506.847 Terminatn payments totaling £25.00012023." £nill were made in Ihe reports'ng pèriod. The number of employee5 whose annual remunerab.on was more than £60.Tr)O is as follows.. 2024 Numbe¥ 2023 Number £60,000- £70,000 £90.000- £100,000 £100.000- £110.000 Contributions totalling £18.03612023". £11.7621 were made to defined contnbuhon pension sthemes on behalf of employees whose emoluments exceeil £60.0. Rgmuneration of key management petsonnÈl The rèmuneration ol key managemenl personnel is as lolkms. 2024 2023 Aggregate compensafion 560.226 482.875 20-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Taxation The charity is exempl from laxation on its activibes because all ils inCMe is applied for charitable purpos85. 12 Tangible red a$$ets Frsehold ld and bulldlngs L•asehold Prop•Fty Fixlures and land and iryrovements fitting$ trjildings Alinlbu$ Total Cost At 1 Seplember 2023 Addrtions Disposals 2.161.985 1,650.( 24.576 932,873 32.547 996.938 29,731 150,050 4.266.422 1.712,278 169,9561 {69,956) At 31 August 2024 3.811.985 24.576 965.420 1,026,669 80.094 5.908.744 Depreclatfion and impatrment At 1 September 2023 Depreciation charged in Ihe year Elirninated in respect of disposals 686.137 24.576 370,974 996.938 124.672 2,203,297 70.240 19.308 29,731 5,242 124.521 {63.8851 1fj3,8851 At 31 August 2024 756,377 24.576 390.282 1.026.669 66.029 2,263.933 Carrying amount At 31 August 2024 3,055.608 575.138 14,065 3.644.811 At 31 Augu512023 1.475.848 561.899 25.378 2.063,125 13 Stocks 2024 2023 Finished goods and goods for rèsa 300 300 14 Debtors 2024 2023 Amounts falling due within one year. Trade debtors Other debtors Prepayments and accrued Income 204.116 64,768 78.134 28.342 76.758 76,771 347.018 181,881 21
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15 Credito. amounts falling duè wtthin one year 2024 2023 Other taxation and social secuity Payments received on aCcUnt Trade creditors Pupil deposits Othei creditors Acuuals and deferred inc4)me 87.279 279.493 86.482 147.600 81.175 34.881 74,422 423.754 44.666 120.900 41.500 22.582 716,910 727,824 16 Crgditor5: amounts falling due after morn than oné year 2024 2023 Payments received on )Unt 148.269 111.046 17 sha capitsl 2024 2023 Ordlnary $hare Capital Issued and fully pald 1,000 Ordinary of £1 eae 1.(X)O 18 Rèstricted funds The restricted funds of the charity wmprrse the unexpended balances of don*"ons and grants held on trust subiecl to specific conditions by donors as to how they may be used. At1 September 2023 Incomlng resources Resources expended Transfews At 31 August 2024 SENDIF Grant 17.122 112.081} 5,041 Previous year. Incoming resOueS Resources expended Transfers At 31 August 2023 S•ptsmber 2022 DLEU Donation 405.482 1405.4821 -22-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 18 Restricted funds (Continued) Special Educah"onal Needs InclLJsion Funding ISENDIF) has been received to support thildren with learning and developmental delay or SEND. The fvnding is for usè in Ihe early year5 and is paid to the School to support the children's identified needs. On fj Qctober 2022. the School received a donatron tolalling £405.482 from a Trust. Th15 donation was received for the purposes of the development of Ihe DLEU b4JddRigs al the Scho(A and was nol available for general use. These funds W spent in f[ in the prior year on the new buildlng 24 St Simon's Road. for the purpose of the nèw specia115t learning support wellbeing centre. Therefore. as these fvrK15 weie spent Ihey were transferred to unrestrcted funds In the prior year. 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balan$ of donats'ons and grants which are not subiecl lo specJfi¢ conditions by donots and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by Ihe trustees for specific purposes. At1 September 2023 Incoming resources Resources expended Trnnsfers At 31 August 2024 scharShip Reserve MUGA reserve Gerteral frJnd5 285.C 56.268 2.451.471 285,000 50.268 4.062.167 ifj.0001 6.000 7.016.986 (s,412,2) 2.792.739 7.016.986 15.412.29)1 4.397.435 Previous year. At1 Sèptember 2022 Incoming resources Resources expended Trnnsfèrs At 31 August 2023 Scholarship Resèrve MUGA reseNe General funds 285.CXJO 62.268 1.781.723 285.000 56,268 2,451.471 16.0001 411.482 5.004.668 14.746.402) 2.128.991 5.004.668 14.746 402} 405.482 2,792,739 -23-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 20 Anatysis of net assets betWn funds Unrestricted lunds (including $hare capitsl} 2024 Restricted funds Total 2024 2024 Fund balances at 31 August 2024 aye rnprtsènted by: Tangible assets Curient assetsllliabililies} Long lerm liabilities 3.844.811 1.893 (148.2691 3,644.811 906.934 1148.2691 5.041 4.398.435 5,041 4,403,476 UnTrstrictsd funds lincluding share capitsll 2023 Restrbcted fvnds Total 2023 2023 Fund balances at 31 August 2023 are reprèsented by". Tangible assets Current asset511liabilitiesl Long tetm liabilities 2.063.125 841.660 (111.0461 2,063,125 841,660 1111.0461 2.793.739 2,793,739 21 Operating lease commttsn•nts L8ss•• At the reporting end datè the charity had oulstanding o)mmitmenls lor luture minimum lease payments ijnder non-cancellable operating leases. whKh fall due as follows.. 2024 2023 Within one year Between (wo and five years 68,425 154,698 34.729 58,920 223.123 93.649 Lease payments recognised as an expense during the year are £69.601 12023- £34,729>. -24_
charity registration number 286347 Cornpany reglstration nuMr 00705392 (England and Vlalesl MAWIILLE HIGH SCHOOL UMrrED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
MAYVILLE HIGH SCHOOL LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trustses Ms V Skoniec2na {Chairl M5 Tanya Riordan MIAndre•4 Porter Dr Saiah Hookway Mr John Davenport Mr lan Fairley MrArunkumar Pillai Charity number 286347 Company number 00705392 Registered office 3&37 St Simon's Road S(Krthsea Hampshiiè P05 2PE Auditor SumerAudrt Piper House 4 Dukes Court Bognor Road ChK*esleT Wesl Sussex P0198FX Solicitors Biscoes Cousins Grovès Qn9slon Place 62-68 Kingston Crescenl Portsmouth Hanls P02 8AQ Stone Kjng LLP Boundary House 91 Charlethouse Street Barbican London EC1M 6HR
MAYVILLE HIGH SCHOOL LIMITED CONTENTS Page Trustees, report Statefflent of trustees, re5ponsibilthes Independent au¢Jrtorfs report Slalement of financial acttvities Balance sheet 10 Sl*ement of cash fiows 11 Notes lo the financi statemenls 12-25
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGusf 2024 The trustees present their annual report and finan(JaJ staterrenls for the year ended 31 August 2024. The financial stalements have been prepared in accordan with the ac¢ounting policies sel out in note 1 to the finanual stalements and compty with the charity's deed ol trust. the Companies Act 2006 and -Accounting and Reporng by Charities". Staternent of Recommended Practice 3pplicabk to charities preparing their accounts in acctsrdance with the Financial Reporting Standaid applicab in the UK and Republic ol Ireland IFRS 1021" leffective 1 January 20191. Objectives and activiti.es The Trustees are responsible lor setb"n9 a Strategy for achieving the objeclivès thèy have set and the focus of this strategy is thè development of oui pupils and wi doin9 so we". Review the School'5 academic syllabus and leathing practus and policie5'. Ensure that the range of CCUrriCUlar activrtr.es available to our pupils is shrnulating and chaIn91n9.. Invest in lechndogy and the irrfrastructure of the 5ohoot". Go-operate and share resources wrth other organisations,. Continue lo review and devek>p our methods for awarding bursaries and scholarships lo ensure wider access to pupils from ajl backgrounds. Our Ethos is that ol a caring school where every pupil is an individual. The School welcomes pupils from all backgiounds. To admtt a prospecbve pupil we need to be satisfied that our School will be able to educate and develop a child to the best of thèir potential. Entiance Interviews and assessments are undertaken lo sab.sfy both Ourselves and the parents that the pupil can cope with the pa of education we provide. Our Aims The objects of the S¢hool are the advancement ol education ol boys and gir15 and in partiar to maintain a boys and girls day school in Southsea, Hampshire. We airn through our Junior and Senior Sd)ools to prowde a first dass education to boys and gids from the ages of 2 to 16. We seek lo provide a structured educats.onal environment that develops our pupils. capabilitie5, competencies and skills. We promote the acadernic. Moral and physical developrnent of our pupi15 through our academic curriculum, pastoral caie. sporting and other actmties. We provide an eduoalional environment where each student can develop and fulfil their potential, building their self-confjdence, which will enab them to contribute to the wider communrty In doing 50, we prepare our pupils foi the opportunrties. responsibililies and experiences ol later lrfe. Our Objectives In setting our objectives the Trustees have been given careful consideration to the Charity CommissK)n's guidance on advancing education and fee charging. The objethves refiect our educational 3ims as well as the 9ener&l othos of the School. Our key objecb.ves for the year include.. To develop our cedUCational artemative prowsion and expand our offer at Wyvem House". To Prepare lor the implementation of VAT on Scho fees from 1 January 2025". To continuè to provide and develop a firsl dass educab.on for Ihe pupils of the School by providing high academsc standards.. lthere il is thought to be benefioal lo the pupils. lo provKle separate dasses for boys and girls. understanding the benefrts that are achieved by inlegralion. To maintain an optimum number ol pupils to ensure each dass is prowding the stsmulus and i)pportunily lo each pupil to develop both intelleclually arkd socwlty.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 In accordance with the Charty Commiwon guidelines on pubbc benefil". To continue to support and assisl pupils with fee bursanes and stholarships of up to 100°k,' Tts develop liaisons with other schools and organisations by sharing Fesouices and facilities.. To improve and Increase the faalities availab to pupi15 and staff. To continue a programme of planned maintenance of the buildings Ltsed by the School". To colltinue lo support other charities rKkt only by donations but by organising trips abroad where the pupils have the opportunity to dire¢Uy assist wrth the charitable work undertaken. Public benefit The trustees have paid due iegafd to 9uidan(% issued by the Charity Commission in deuding what athvities the charity should undertake. A¢hiovements and perfomiance Significant activities and achievemenfs against obfftctwes The academic perfornan ol all pupils is carefully monrtored to ensure that each child will frjlfil their potential. 2024 saw the departing Yeai 11 pupils achieve an 84°A overall pass late IEngLHnd average 67.6°/ol. The pass rate in core subjed5 was 880 Our high value-added scores saw pupils ¢ontinue to exed expectations - 15°A more pupils gained grade 5 and higher in English and Maths as measured againsl their expected outcome. As an indusive school, we strive to ensure that no child is left behind and that all pupils achieve Iheii own personal best. In 2024, the pass rale for pupils with special educab.onal needs was 81%. The School wekomed its first pupils to WyvÈrn House whth openeLI in September 2023. As a Secondary Special Educalional Needs day sctto(A setting, Wem offers a calm environment for pupils betweèn the ages of 11-16 with a range ol neurodiverse needs Indvding ADHD and ASD, to build confidence and piepare them for the next slage of their educational journey_ The majority of pups'ls who attend Wem have an EHCP. but r)ol all. Folbwing tre General Election and Ihe new Labour Govemmenfs announcement that VAT Is lo be applied to Independent School fees from January 202S. the Sthod's finance team prepared a VAT implemenlalion plan to ensure they were ready to issue VAT inGlusive fee invoices for the Spnng Temi and the first VAT return as at the end of February 2025. On 17 June 2024. the lunds and assets of MaywNe High Stho(A TTUSI were transferred to Mayville High School. The Head Teacher, Mrs Rebecca Parkyn MA (Oxonl PGCE MCIL. NpaEL and her staff continue to provide security and opportunities for each child so that they may undertake theif Studies and development in a safe. happy enwronment. The Ttustees are grateful to the staff for their dedication tts the School and the way in which they project Iotward the reputation of the school and instill Confiden in the pupils who attend_ The Trustees are lortunate to have the support of past pupils and an active PTA who assisl the *hool in many ways. to a svJnificant change in her family arthmst3n¢es Mrs PaTkyn twk the deasion lo relocale her family and as a result. lendered her resignation on 3rd June 2025. We a grateful lo Mrs Parkyn for her signrfi¢ant ¢onlribulion to the School during her tenure as Head Teacher. The School continues to be involved in managing projects through the cOeShe11 Comrnunty Sporis Club providtng sporting facilities lo the community.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Financial rgvFew This has been a further year ol growth for the SdK)ol. wth an incwse in pupil numbers to 485 12022r23 4731 helping to generattr a net unie5trided surplu5 of £1.604,69S12022123 £258.2661. This has allowed the Ttustee5 to meet the School's costs from income. and contribute lo substantial developments and Impiovements a(x058 the School's pioperty assets. Investment in the wrrenl year totalled £32.S4712022123 £1.270.1141. During the yeai the Twslees further authonsed expenditure of E29,731 12022123 £123,504) on equipment and faolilies. In accordance with ils charrtable objects Ihe School has Continued to offer scholarships and assisted places to pupils who might nol otherwise benefit from the outstsnding education and faulities available at Maymlle. During the year £289,051 {2022123 £249.8741 was awarded In means-tesled fee assisiance to 45 12022123 461 pupils. To further broaden acces5. scholarships are awarded each year lo recognise achvement and contribution to the Sthool. Seh(Aaiships worth £475.480 were awarded during the yÈar12022r23 £435.7571. to 84 pupils12022123 981. The School has additionally supported outside charities both horne and abroad. and assisted with work in the local c(Knwnunity. ReseThes policy It is the policy of Ihe charity th3t unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent to beiween three and six month's expendrfure. The trustees con5xler that resetVè5 at this level will ensure that. in the event of a significant drop in funding. they will be able to continue the charity's curtenl aclNrties while consideration Is given to ways in vthich addthonal funds may be raised. Th15 level of reserves has been rnaintained throughout the year. Plans for future periods During the next year the school plans to continue io buikl on the StCeSs of Ihe Wyvern ajtemative Pfovision and increase the number of pupils to 25. We airn lo work wth Mayville staft and faMilS on fee affordabilrty given the introduction ol VAT on school fees. The school will continue to rewew faoltbes. equi1 and buildings to ensure tw meet the requirements of the pupils. Structure, governance and management The charity Is controlled by tts governing d(urnent a deed of trust, and constitutès a limited company. Iimrted by shares, as defilled by the Companies Act 20¢A. The trustees, who are also Ihe directo¥s for the purpose of company law, and who served during thè yèar and up to the date ol s@natu of the financial slements were.. Ms V Skonieczna (Chair} Ms Tanya Riordan MrAndrew Porter The Reverend Canon Dr A Rustell Dr Sarah Hookway Mr John Davenp Mr lan Faitley MrArunkumar Pillai (Restgned 3 Drnber 20241 Recruitment and aPptent of Iwslees The Trustees are selected frorn the local communrty and fvom paiènts 01 pasl paients and are appointed for their knowledge of the education system and their experience In business and Industry_ The Trustees are provided with suitable Information and training to enae them to be salisfied that they can fulfil their duties. Thé Trusteès have no benèficial intefe51 in the share caprtal of the company.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES, REPORT ONCLUDING DIRECTORS. REPORD (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST2024 Ol¥closurn of Inf0m(lOn to audltor Ms V sklerA
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees, who are also the directors of Mayw'lle HKJh Sd)o(A Limrt8d ft>r the purpose of company Jaw. are responsible for piepanng the Trustees, Report and the ffinancial 5tatement5 In ao(x)rdance with applicable law and United Kingdom Accounting Standards {Unrted kn"ngdom Generalty Accepted Accounting Practi1. Company Law requires the twstees to prepare financial slatemenls for each financial yèar whh give a true and fatr view of the state of affairs ol the charity and of the incoming resources and appli(tion of resources. Induding the income and expendrture. of the charitable Ix)rnpany for that year. In proparing these financial statements. Ihe tsuslees are required lo". - Seled suitable UtIng poliaes and then appty them ¢onsistenUy'. observe the methods and prin(iples in the Chatibes SORP., makejudgements and estimates that are reasonable and prudent". State whether ap1¢able UK Aco)unting Standards have folowed. subject to any material departures disdosed and explained in the finanaal slatements". and prepare the financial staternènts on Ihe goirhg concem basis unless it is in4)propn"ale to piesume thal the charity WIN continue in operatiix). The trustees are responsib for keeping adequate accounng records that disdose with reasonable acojracy at any lime the financial position of the tharity and enable them to ensure that the finanoal statements comply wth Ihe Companies Act 2006. They alè also responsible for safeguarding the assets of the d)arity and hence loi taking reasonable steps for the preve10 and detecbon ol fraud and other trre9ularities. The tTU51ees ale responsible for the maintenance and integrity of the charrty and finanoal infomab.on induded on the chaitys websle. Legislation in the United Kingdom goveming the preparatson and disseminatK)n of financi31 statements may differ from legislation in othw jutisdictions.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED Opinion We have audited the financial statements tsf Mayvrme High School Limited {Ihe 'charity'l for the year ended 31 August 2024 which comprise the slatèment ol finanaal ac*vrties. the balance sheet, the statement of cash flows and notes to the financial statements, inclijding sigrhifi(3nl accounting policies. The financial reporting fvamework that has been applied In their preparation is applicable law and Unrted Kingdom Accounting Standards. induding Finan¢ial Reporting Standard 102 The Finan01 Reporting Standard applicable in Ihg UK èftd R8public of Ireland (United kn"ngdom GeneraKy Awepled A(Jntlng Praci¢ce}. In our opinw)n, the finanaal siatements". give a true and fair view of the state of the charitable companys affairs as at 31 August 2024 and of its incoming resources and application of resour$. induding rts income and expenditure. for the year then ended". have been properfy prepared in accordance wth Unrted King(Jorn Generalty Accepted Accounting Practi., and have been prepared in accordance with Ihe requirements ofthe Companies Act 2006. Basis for opinion We conducted our audit in accordance wrth International Standards on Auditing IUKI IISAS IUKII and applicable law. Our reswnsibilities under those standards are further described in the Auditorfs responsibilihes for the audit of th& financial stat8m8llts section of our report_ We are Independent ol thè charity in accord8nce wrth the ethical requirements Ihal are rdevant to our audit of the finanaal statetnents in the UK. Including the FRC'S Ethical Standaid. and we have fulfilled our other ethi121 responsibilities in ac£ordance with these requirements. We believe thal the audit evidence we have obtained is suffi(xnt and appropriate to provide a basis for our opinion. Conclusion5 relating to going concern In auditing the finan0 statements. we have conduded that the trustees. use of the going u)ncèm basis of accountTng in the preparation of the finanoal stalemenls is appropriale. Based on the work we have performed. we have not ideniifiè(l any malerial uncerlainlies relating to events or conditions that. Individually or collectivety, may c3St signtficant doLJbt on the chanty's ability to continue as a going cA)ncern for a period of at leasl twelve monlhs from when the ffinanoal statements are authorised for issue. Our responsibili11es and the respon5ibits.ties of the trustees with iespect to gthng concern are described in the felevant sections of this report. Other inforn)ation The other infomialion comprises the inlomation included in the annual report other than the finanaal statements and our auditorfs report thereon. The trustees are respon5itAe fw the other information contained wthin the annual report. Our opinion on the financial statements does not cover the olher information and, except to the extent otherwisé éxplicidy stated in our report, we do not express any fomi ol assurance condusion thereon. Our respollsibilily is lo lead the other infomiation and. In doing so. consider whether the othei Inft>tmalion is materially inconsistent with the ffinancial statements or our knowledge obtained in the course of the aud11. or otherwise appears lo be materially rnisstated. If we identify such material inconsistenoes or apparent material misstatements. we are reqvired to deternine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have perfofmed. we COrKUde that there Is a matenal misstatement of this other Infomation, we are required to report that fad. We have nothing to report In ihis regard. Opinions on other matters prèscrtbed by the Companies Act 2006 In oijr opinion. based on the work undertaken in the course of our audit". the Information given m the trustees, report for the thnancial year for whh the financial stalemenls are prepafed. which includes the directors. report p¥epared for the purposes of company law, Is consistent with the financial statements.. and the directors. report induded ¥Mthin the lrnsiees, report has been prepareil In accordance with applicable legal requirements.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED Mattern on whleh wè arè required to ¥eport by exception In the light of the knowledge and understanding of the charity and rts environment obtained in the course of the alt, we have not identified material misstatements in the directors, rep)rt included within the trustees. report. We have no)thing to report in respecl of the followng matters in relatK)n to vA)ich the Companies Acl 2006 requires us lo report to you if. in our opinion.. adeqLJate acwunling records have not been kept, or retums adequale for our audit have noi been received from branches not visited by us. or the financial slaternents ale nol in agreement with Ihe accounting recotds and returns", or certain disdosures of trustees. iemuneTab"on specified by law are not made.. or we have not received all the infomation and explanatKJns we require foi our audrt". or the trustees were not entrtled to prepare the finanuèl statements In &rdanCe wrth the 5ma¥ cornpanies regime and lake advantage of the small companies. exemptions in preparing the Iiustees, report and from the requirement to prepare a strategic ieport. Responsibilities of trustees As explained mofe fully in the stalemenl of tru5tees' responsibilibes. the Iruslees. who aTe also the dirèdors of the charity for the purpose of cornpany law. are responsible lor the preparation of the financial 5tatement5 and for being S3t15fied that Ihey give a true and fair wew. and lor such intemal control as the trustees deteirnine Is necessary lo enable the preparation of ftnanual statements that are f from rnateria misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsib for a55essing Ihe charity's ability to continue as a going concern, disdosing. as applrable. matters related to going concern and using Ihe going cOnM basis ol accounting unless Ihe tnjslees erther intend lo quale ihe chariiable company or to cèasè opèrathons. or have no realistic atternalive bLrt to do so. Auditorfs responsibilitiès for the audtt of the financial statements Our objectives are lo obtain reastsnable assuran about whether the fIrclaI stalements as a whole are free from material misstatement. whether due to fraud or error. and lo r55ue an audrtorfs report that indudes our opinion. Reasonable assurance Is a high level of assurance but is not a guarantee that an audit conducied in accordance wilh ISAS IUKI will afv4ays detect a rnaterial misstatement when it exists. Misstatemenls can arise frorn fraud Or error and are rx)nsidered rnatenal if, indiwdualty o¥ In the aggregate, they could asOnablY be expected to inlluence the economic deasions ol users taken on the basis of ese finan(xal staletnents. Irregularities, induding fraud, are instanGes of rIOnMpli8[e wrth laws and regulations. We design procèdures in line with our re5pon51bilrfies ouNined above. to detect material rnisstatements in respect of irregu13rities. induding fraud. Thè èxtent to whth our procedures are capaNe of delecting irregulant. induding fraud. is detailed below. In identifying and assessing risks of matenal tnisstatement in iespecl of irregulantes. including fraud and non- compliance with laws and regulations. our procedures induded the following". Obtaining an under5tandtng of the legal and regulatory framewo in vthich the company operates, focusing on those laws and regulation5 that had a direct effect on Ihe finanaal statements and operations.. Obtaining an understanding of the chanty's policEs and procedur8s on fraud risks. induding knowledge of any actual, suspected or alleged fraud". and Discussing among the engagement team htsw and where fraud might occui in the finanaal statements and any potent1al indicattsis of frèud through our knowledge and understanding of the charity and our sector- specffjc experien. As a result of these procedures, we considered the opporiunth.es 8rKI incentive5 that may exist within the company for fraud. We aTe also required to perform speufic piocedure5 to respond lo the risk of management override. As a result of performing the above, we identtfied the foJk)wing areas as those most likely to have an impact on the financial statéments". Cornplian with the UK Companies Act and the Charities SORP IFRS1021.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED In addrtion to the above. our procedures to respond to risks idènb.fied induded Ihe following.. Making enquiries of managernenl. about any known or suspected instances ol non-¢ompliance with laws and regulations and traud" Reviewing minutes of meets"ng5 of the board and senior management." and Auditing the risk of management override of controls. induding through tesb.ng joumal entries and other adjuslments for appropnatene55. Due to the inherent limrtalions of an audit, there is an unavoidable risk ihal some material misslaiements in Ihe financial statements rnay not be detected, even tt)ough the audrt is properfy planed and perfortned in aecordan with the ISAS IUKI. For instance. the lurthei iemoved non-CA)mpliance is from the events and tiansactions reflected in the linanal statements. the $S Iikety Ihe audrtor is to become aware of it or to recognise the non-compliance. A further description of our responsibilities is available on Financial Reporting Council's website al" https.'Il i.frc.oig_LJkl3udrtoisresponsknilrties. This descripb.on forrns part of our auditorfs report. Use of our report This report is made solely lo the charitable company's members. as a body. in accordance with Chapter 3 01 Part 16 ol the Companies Act 2006. Our audil wot* has been undertaken so that we might slate lo the charitable company's members those matters we are required to state to them in an audrtorfs report and for no other purpose. To the fLJllest extent permitted by law. we do not at or assume responsibilrty to anyone other than the charitable cornpany and the charitable company's mernbers as a body. for our audrt Wotk. for Ihi5 report. or for the opinions we have formed. Robin Evans BA FCA CTA DChA (Senior Stattrtory Auditor) for and on behalf of Sumer Audit Chartered Accountsnts Statutory Audltor Chichester SumerAudit 1$ the trading name of SumerAuditco Limtted
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Restrietèd funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies h Iilable activities Sthool feèg Other educatKJnal income Catering and welfare income Other income 1.682.711 17.122 1.699.833 4.742,743 4.742.743 4.437.020 4.437,020 288.138 288.138 285.8C(J 285,800 148.068 126.250 148.068 126,250 140.692 124.122 140,692 124,122 Inveslrnenls Other income 27,647 1,429 27.647 1.429 17.034 17.034 Total income 7.016.986 17.122 7.034.108 5.004.668 5.004,668 Charitable aclvrties Teaching cos15 Premises Welfare 4.650.646 582.418 19tl.699 12.081 4.662.727 582.418 ],699 4.168.445 410.191 142,710 4,168,445 410,191 142.710 Totsl charitsble expenditure 5.423.763 12.081 5.435.844 4.721.346 4.721.346 Other expendiluie 111,4731 111.473) 25,056 25,056 Totsl expend¢lu 5.412,2 12.081 5.424.371 4.746.402 4.746.402 Net in¢orne 1,604,696 5.041 1.609.737 258.266 258,266 Transfers beeen funds 405.482 {405,4821 Net movement in funds 1,604.696 5.041 1.609.737 663.748 1405.4821 258.266 Rèconclllatlon of funds-. Fund balances at 1 Septemi*F 2023 2.793.739 2.793,739 2.129.991 405.482 2.535.473 Fund balances at 31 August 2024 4.398.435 5.041 4.403,476 2.793.739 2.793,739 The statement of financial a1VitieS also cornplies wrth the requirements foi an in(x)rne and expenditure account nder the Companies Act 2006.
MAYVILLE HIGH SCHOOL LIMITED BALANCE SHEET ASAT31 AUGUST2024 Flx•d 12 4644.811 2,C63.125 13 14 Detrtorn Cath att4nk •>J In 347.018 12Th 181,881 1.387.303 1fft3.8M 718.910 7.4 841,660 4.551.745 2.904.785 16 (1482691 {111.046) 4.4478 2,793.739 18 5.041 4.397,435 2.792,739 4.403,476 2.793,739 e2J Ms V SkoThe(zna (Ch*) CranY registrati¢)n nurts LN)70532 (En 8rKI ) 10-
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2024 2024 2023 Notes Ca$h Ilows from operating activities Cash labsort)ed byllgenerated from operalM)ns 23 {83.6461 858.165 Investing activities Purchase of langlble f xed assets Proceeds trorn disposal of tangibk fixed assets Investment income reiVed 162.2781 11.393,6181 27,647 17.034 Net cash used in inY8Sting activttie5 {27,131} 11,376,584) Nèt ca$h used in financing activilies Net decrease in cash and cash equfvaltnts {110.77n (518,4191 Cash and cash equivalents al beginning of year 1,387.303 1.905,722 Cash and Cash equiyants at end of year 1,276.526 1,387,303
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles Charity infomiation Mayville High School Limrted is a pvwate company limited by shares incorporated in England and waS_ The regislered offi¢e 1$ 3&37 St Sirnon's Road. Southsea. Hampshi. P05 2PE. 1.1 Accounting convention The financial statements have been prepared In accordance wrth the charity's deed ol trust. the Memoran¢Jum and Articles of Assoc7alion, Ihe Companies Act 2005. FRS 102 "The Financial Reporting Slandard appllcable in the UK and Republic of Ireland. I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended PractK% appl¢cable to charities preparing their accounts in aeeordance wrth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. leffeGtive 1 January 20191. The chanty Is a Public Benefft Entsty as defined by FRS 102. The financial slalements are prepared in stedTrng. which is the functional currency of the charity. Monetsry amounts in these finanaal slatements are ri)unded to the nearest £. The financial staternents have been prepared under the historical u)st wnventson. The pnpaI accounting poliryes adopted are set out below. 1.2 Going concem Al Ihe lime of approwng the financial statements. the Irustees have a reasonabk expectation that thè charity has adequate resources to conb.nue in operational existence for the foreseeable fLrture. Thus the trustees continue to adopt the going wncem basis of accounting in preparing Ihe finanrAal staternenls. 1.3 Charttable funds Unrestncted ftjnds are available for use at the discretson of the tnjstees in furtherance ol their Gharrtable objectives. Designated funds compnse funds which have been set ade al the disctetion of the trustees for specffic purposes. The purposes and uses of the designated lunds ale set out in the notes lo the fin8nual slalements. Rèslncted fvnds are Subject to specific conditions by donots or grantors as to how they may be used. The purposes and uses ol the restricted fvnds a sel out in the rK)les fo Ihe financial statements. 1.4 Income Income is recognised when the charity is legaly entrtled to it after any perfomiance conditions have been met, the amounts can be measured reliabty. and it is probable thai inwme will be received. Cash donations are recognised on receipt. Other donations are recognised once Ihe charity has been notified ol the donation. unless perfomiance condits"on5 require deferral of the amount. Income tax recoverable In relalion to donations recewed under G[ftd or deeds of ¢J)veRant is recognised at the ts'me of the donatK)n. Don8led goods are measured at thei fair value. unle55 irnpiactical to Measure the lair value reliably. Goods donated for on-going use by a chatty in carrying out its activities are recognised as tangib fixèd assets with the corresponding gain iecognised as income from donations within the SOFA. In common with any olher tsngible assets, dated goods held as tangible fixed assels must be subject to depreciation or amortisation and assessed for indications of their impaimient al the ieporting date. 12-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Icontintsèdl 1.S Expènditu Expenditure is recogni58d onc£ there is a kgal or o)nstnJctive obbgation to translèr eexjntimic benefit lo a third party, it is probable that a transfer of economic beneffts will be qUired in settsetnent. and the amDunl of the obligab.on can be measured reliably. Expendrture 15 dasstfied by activity. The costs of eath aclwty are rnade up of the lotal of direcl costs and shared oosls. induding support costs involved in undertaking each alvty. Direct costs attributable lo a single aclivity are allocated directly to that actmty Shared costs which contribute to more than one activity and support costs which are not 31tributable to a srngle activity are apportioned behveen those aclivtties on a basis consistent with Ihe use of resources. Central staff cosis are allocated on Ihe basi$ of lime spent. and depreaation d)arges are allocated on the portson of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets ale inrtialty measured al $t and Subsequen1 measured at cost nel of depreciation and any impaiment losses. DeplatIon is iecognised so as lo write off the cost or valuation of assets sS their resKlual values over their uselul lives on the following bases.. Freehold land and txjildings Leasehold land and buildings Property Improvements Fixtuies and fittings Minibus 2% on cosl per annum 2°A on cos( per annum 2% on st per annum 11)OQ/o on 51 per annum 25% reducing balarKe per anntjm The gain ot loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of Ihe asset. and is recognised in the slatement of Iinanaal activilies. 1.7 Impatmient of fixèd assèts At each reporbng end date, the charily reviews thè carrying amounts of rts tangible assets to delemiine whether there is any indicalion that Ihose assets have suffered an impairment loss. 11 any such indication exists, the recoverable amunl ol the asset 15 eslimaled in Qfder to delerrnine the extenl of the impaimient loss Irf any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposils hdd at call with banks. other short-lem liquKI investments with orEginal maturtb.es of Ihree rnonths or kss, and bank overdrafts_ 1.9 Finan¢¢al instruments The charily has elected to apply Ihe piomsions of Section 11 'Basic Finanual Inslnjments and Section 12 'Other Financjal Instrumen15 Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the d)8n$ balance sheet when the chanty becomes party to the conlr3clual provisions of the instrument. Financial assèts and liabilities are offset. wth the net amounts presented in the finanryal statements. when theie Is a legally enforceable right lo set off the recognised amunts and theie is an intention lo setde on a net basis or lo realise the asset and settle the liability sImuane0U5ty. 13-
MAYWLLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policie$ (Continu•dl Basi¢ finan¢iala5sets Basic financial assets. whith indude debtors and cash and bank balances. are initialty measured at transaction piice induding transaction costs and are subsequently rarried at arnortised cost using the eftecliv& interest method unless the arrangemenl constitutes a financing Iransactson. where the transaction is rnea5ured al the present value of the future feceipts disrounte(l at a market rate ol interest. Finan(i31 assels dassified as receivable w4thin one year are not 3m(Kbsed. Basic financiTal liabilities Basic financial liabilities. induding ciedtlors arHJ bank loans are inrtially recognised al trarTrsaction price unless the arrangement con5titute5 a financing transaction. where the debt instrument is measured at the present value of the fuluie paymenls discounted at a market rate ol interest. Financial Iiabihlies ckssified as payable within one yeai are nol amortised. Debt instruments are subSeqUY ¢awried ai amorlised c05t. using the effeclive interest rate method. Trade credrtors are obligation5 to pay for goods or serwces that have been acquifed in the ordinary course of operatioTrs from suppliers. Amounts payable are dassified as current liabilities if payment is due within tsne year or less. If not, they are Presented as norj-current liabilities_ Trade creditors are recognised Inibally at Iransaclion price and subsequendy measured at amort15ed cost Using Ihe effective interest method. Derecognition of finaneffal liabililies Financial liabilities ale derecognised when the tharity's conlractual oblwJations expiie or are distharged or cancelled. 1.10 Taxation The tharity is exempt from corporats'on tax on its charitable activities. 1.11 Employee benefits The St$ of short-terni employee benefits are re(¥Jgni5ed as a liability and an expense. The cost of any unused holiday entrtlement is recognised In U)e period in vthich the employee's seNS are re¢eived. Termination benefits are recognis8d immediatety as an expense when Ihe charty is demonstrably committed to terminate the employment of an employee or lo provide lermination benefits. 1.12 Rotlrnment benerts Payments to defined contributs(111 relirernent benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgèments In the application of the charrty's accounling policies, the trustees are required to make JudgeentS. estimates and assumptioris abotrt the Garrying amount of assets and liabilities thal are not readily apparent from other sourcès. The eslirn3tes and asswated assumptions are based on hi5tQriG31 expellen and other factors thal ale considered lo be reVant. Aciual resu$ may differ frorn these estimates. The eslimates and undedying as*Jmpb"on5 are reviewed on an ongoing basis. Rew5ions to aoUnt1ng estimates ale recognised in the pefiod in which the estimate Is Tewsed where the rewsion affects only that period. or In the peiiod of the revision and future penods whère Ihe tewsion affects both current and future periods.
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from donations and 1993cies Unrestricted Restricted funds nds 2024 2024 Total Unrnstrictsd Rèstrieted funds fund$ 2023 2023 Total 2024 2023 Donations and gifts Govemmer*l grants 1.682.711 1.682.711 17.122 17.122 1.682.711 17,122 1.699,833 Donations and gifts Maywlle High School Trust- tran5ter of freehold property Mayville High sch11 Trust Other I,6.0[j 1.650.(K)O 32.500 211 211 1.682.711 1.682,711 Grants rèeeivable for core activities SENDIF 17,122 17.122 17.122 17.122 15-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMEpifs ICONTINUEDI FOR THE YEAR EPIDED 31 AUGUST2024 charItab x*vltss To141 24 2024 20 5.7n678 5.773 $78 227.374 43.780 11.030.53S1 17.004 5.380.891 194.263 46 752 1943.871 227.37 After$th0aubS Bwstffts distnts ana sc•ol¥thps li.93S) f7.rn4 5 OnSne 27.197 140.692 124.123 148Q 148Q66 126 250 OthEr1rjm2 12829) 4.742.743 288 138 148ffi8 5.305.199 4.987.834 Vsssbyfu 4.742.743 288.138 148r 126.29) 5.30$ 199 4 987.GJI Bursarfw. dIounts and Idlar& 8ursar5 aUth¥arK05 stholtrtni Sthg 12650$11 14754801 14tr5480Tr Slaff discauNs {1.935} {1 03U 93SI 1943.871 -16-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charitable activities Icontinuedl For the year ended 31 August 2023 School lo•5 0th4raducatfional Cat•ring and Olher kncome irt£¥rbÈ irbcom Total 2023 School lees Private iurftion incorne Afterschool dubs Bursaries, discounts and scholarships Exam fees MHS Online Cateiing and welfare Oihsr income 5.380.891 5,380,891 194,263 46.782 194.263 46,782 1943.8711 1943.8711 17,558 27.197 140.692 124.122 17,558 27.197 140,692 124.122 4.437.020 285.800 140.692 124,122 4.987.634 Anaty5is by fund Unrestrided funds 4.437.020 285.8(Kl 140.692 124.122 4,987,634 Bursarres, discounts and scholarships Bur5arie5 and 31towans 1249.8741 Scholarships 1435 75n Sibling discounts 1145.1231 Staff discounts 1113.1171 {249.8741 {435.7571 1145.1231 1113.1171 1943,871 1943,8711 Incom8 from investments Unrestricted Unrestricted fvnds funds 2024 2023 Interest r8C8ivable 27.647 17,034 17_
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI FOR THE YEAR ENDED 31 AUGUST 2024 EXp•ndJ•an ctrArftatl•xdvlt T•xthiry Prnffltt•s Totsl 2024 2024 2024 2024 23 202J ZD23 2023 Dirèct G45t5 slay co$ SlaY8xpen¥es 235.462 96211 3.S¢S $80 57.428 2.7.0S7 1S4848 62 737 3.234.642 40 35$ 147 8001 36481 77.123 68.379 72965 79973 239.614 $7.428 147.Sth)1 36.461 77.123 68.379 72.96S Rates ald watfjr L¥rrt and 87.223 87.223 I5 WAnSeS . .488 261.$73 79.973 Pupilexpwses EqJipYeTht rewrs renewS kndry 261.573 239.614 1.758 22619 22.619 3.2. 582418 1gJ.699 4XE025 3.367036 142 710 3819.927 Sh&rn alsupportand gtymanc¢ts isee Support 977.7Q4 768 842 132 $77 768 842 132.577 152.Il5 4.662.727 $82.41 190699 5435.844 4.168445 410.191 142 710 4 721.346 Ahaty$i$ byfuTrd Unrest rwid5 ResIr1C 4.850.616 I2.1 582.418 I1$99 $423763 I2.1 142710 4.721.346 4.662.727 582.418 1.$99 $4¥.844 4.16844S 141T10 4,721.348 18-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2024 Support costs allocated to activttiÈ$ Teaching costs 2024 Total 2023 Staff costs Depreciation Printing & Stationery Postage & carriage Telephoné Advertising General insurances cen$ & subscriptions Staff training Computer expenses Aftercare expenses Donations & charitable payments Govemance 459,188 124.521 60,117 2,880 4.141 111.293 48.747 21.938 33,269 85.041 14.569 12.000 152,115 272,205 170,554 42.940 2.552 5,571 80,803 44.731 21,946 14,703 88,211 12.626 12.000 132.577 1.129.819 901,419 2024 2023 Govèrnance costs comprise: Audit lees Accountancy Legal and professional ISI Inspe¢lions 10.865 8.808 126,349 6.093 9.702 8.088 111.843 152.115 132.577 Olher ttssts Unrestrictsd Unrestricted funds funds 2024 2023 Bad debts Financing costs 115.3121 3.839 20,113 4.943 111.4731 25.056 19-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST2024 Trustees None of the trustèes l(>r any pwsons o)nnected with them) rèowed any MUrIer3.On or benefits from the thanty during the year. No expenses were 1Mbur$6d to trustees duiing Ihe aJTrent or comparalNe peri(Ml. 10 Employè•$ The average monthty number of employees during Ihe year was. 2024 Number 2023 Number 127 119 Employment costs 2024 2023 Wages and salanes Social securty costs Other pension costs 3.564,635 293. 155 146.978 3,088,075 264.183 154.589 4,004.768 3,506.847 Terminatn payments totaling £25.00012023." £nill were made in Ihe reports'ng pèriod. The number of employee5 whose annual remunerab.on was more than £60.Tr)O is as follows.. 2024 Numbe¥ 2023 Number £60,000- £70,000 £90.000- £100,000 £100.000- £110.000 Contributions totalling £18.03612023". £11.7621 were made to defined contnbuhon pension sthemes on behalf of employees whose emoluments exceeil £60.0. Rgmuneration of key management petsonnÈl The rèmuneration ol key managemenl personnel is as lolkms. 2024 2023 Aggregate compensafion 560.226 482.875 20-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Taxation The charity is exempl from laxation on its activibes because all ils inCMe is applied for charitable purpos85. 12 Tangible red a$$ets Frsehold ld and bulldlngs L•asehold Prop•Fty Fixlures and land and iryrovements fitting$ trjildings Alinlbu$ Total Cost At 1 Seplember 2023 Addrtions Disposals 2.161.985 1,650.( 24.576 932,873 32.547 996.938 29,731 150,050 4.266.422 1.712,278 169,9561 {69,956) At 31 August 2024 3.811.985 24.576 965.420 1,026,669 80.094 5.908.744 Depreclatfion and impatrment At 1 September 2023 Depreciation charged in Ihe year Elirninated in respect of disposals 686.137 24.576 370,974 996.938 124.672 2,203,297 70.240 19.308 29,731 5,242 124.521 {63.8851 1fj3,8851 At 31 August 2024 756,377 24.576 390.282 1.026.669 66.029 2,263.933 Carrying amount At 31 August 2024 3,055.608 575.138 14,065 3.644.811 At 31 Augu512023 1.475.848 561.899 25.378 2.063,125 13 Stocks 2024 2023 Finished goods and goods for rèsa 300 300 14 Debtors 2024 2023 Amounts falling due within one year. Trade debtors Other debtors Prepayments and accrued Income 204.116 64,768 78.134 28.342 76.758 76,771 347.018 181,881 21
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15 Credito. amounts falling duè wtthin one year 2024 2023 Other taxation and social secuity Payments received on aCcUnt Trade creditors Pupil deposits Othei creditors Acuuals and deferred inc4)me 87.279 279.493 86.482 147.600 81.175 34.881 74,422 423.754 44.666 120.900 41.500 22.582 716,910 727,824 16 Crgditor5: amounts falling due after morn than oné year 2024 2023 Payments received on )Unt 148.269 111.046 17 sha capitsl 2024 2023 Ordlnary $hare Capital Issued and fully pald 1,000 Ordinary of £1 eae 1.(X)O 18 Rèstricted funds The restricted funds of the charity wmprrse the unexpended balances of don*"ons and grants held on trust subiecl to specific conditions by donors as to how they may be used. At1 September 2023 Incomlng resources Resources expended Transfews At 31 August 2024 SENDIF Grant 17.122 112.081} 5,041 Previous year. Incoming resOueS Resources expended Transfers At 31 August 2023 S•ptsmber 2022 DLEU Donation 405.482 1405.4821 -22-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 18 Restricted funds (Continued) Special Educah"onal Needs InclLJsion Funding ISENDIF) has been received to support thildren with learning and developmental delay or SEND. The fvnding is for usè in Ihe early year5 and is paid to the School to support the children's identified needs. On fj Qctober 2022. the School received a donatron tolalling £405.482 from a Trust. Th15 donation was received for the purposes of the development of Ihe DLEU b4JddRigs al the Scho(A and was nol available for general use. These funds W spent in f[ in the prior year on the new buildlng 24 St Simon's Road. for the purpose of the nèw specia115t learning support wellbeing centre. Therefore. as these fvrK15 weie spent Ihey were transferred to unrestrcted funds In the prior year. 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balan$ of donats'ons and grants which are not subiecl lo specJfi¢ conditions by donots and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by Ihe trustees for specific purposes. At1 September 2023 Incoming resources Resources expended Trnnsfers At 31 August 2024 scharShip Reserve MUGA reserve Gerteral frJnd5 285.C 56.268 2.451.471 285,000 50.268 4.062.167 ifj.0001 6.000 7.016.986 (s,412,2) 2.792.739 7.016.986 15.412.29)1 4.397.435 Previous year. At1 Sèptember 2022 Incoming resources Resources expended Trnnsfèrs At 31 August 2023 Scholarship Resèrve MUGA reseNe General funds 285.CXJO 62.268 1.781.723 285.000 56,268 2,451.471 16.0001 411.482 5.004.668 14.746.402) 2.128.991 5.004.668 14.746 402} 405.482 2,792,739 -23-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 20 Anatysis of net assets betWn funds Unrestricted lunds (including $hare capitsl} 2024 Restricted funds Total 2024 2024 Fund balances at 31 August 2024 aye rnprtsènted by: Tangible assets Curient assetsllliabililies} Long lerm liabilities 3.844.811 1.893 (148.2691 3,644.811 906.934 1148.2691 5.041 4.398.435 5,041 4,403,476 UnTrstrictsd funds lincluding share capitsll 2023 Restrbcted fvnds Total 2023 2023 Fund balances at 31 August 2023 are reprèsented by". Tangible assets Current asset511liabilitiesl Long tetm liabilities 2.063.125 841.660 (111.0461 2,063,125 841,660 1111.0461 2.793.739 2,793,739 21 Operating lease commttsn•nts L8ss•• At the reporting end datè the charity had oulstanding o)mmitmenls lor luture minimum lease payments ijnder non-cancellable operating leases. whKh fall due as follows.. 2024 2023 Within one year Between (wo and five years 68,425 154,698 34.729 58,920 223.123 93.649 Lease payments recognised as an expense during the year are £69.601 12023- £34,729>. -24_
charity registration number 286347 Cornpany reglstration nuMr 00705392 (England and Vlalesl MAWIILLE HIGH SCHOOL UMrrED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
MAYVILLE HIGH SCHOOL LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trustses Ms V Skoniec2na {Chairl M5 Tanya Riordan MIAndre•4 Porter Dr Saiah Hookway Mr John Davenport Mr lan Fairley MrArunkumar Pillai Charity number 286347 Company number 00705392 Registered office 3&37 St Simon's Road S(Krthsea Hampshiiè P05 2PE Auditor SumerAudrt Piper House 4 Dukes Court Bognor Road ChK*esleT Wesl Sussex P0198FX Solicitors Biscoes Cousins Grovès Qn9slon Place 62-68 Kingston Crescenl Portsmouth Hanls P02 8AQ Stone Kjng LLP Boundary House 91 Charlethouse Street Barbican London EC1M 6HR
MAYVILLE HIGH SCHOOL LIMITED CONTENTS Page Trustees, report Statefflent of trustees, re5ponsibilthes Independent au¢Jrtorfs report Slalement of financial acttvities Balance sheet 10 Sl*ement of cash fiows 11 Notes lo the financi statemenls 12-25
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGusf 2024 The trustees present their annual report and finan(JaJ staterrenls for the year ended 31 August 2024. The financial stalements have been prepared in accordan with the ac¢ounting policies sel out in note 1 to the finanual stalements and compty with the charity's deed ol trust. the Companies Act 2006 and -Accounting and Reporng by Charities". Staternent of Recommended Practice 3pplicabk to charities preparing their accounts in acctsrdance with the Financial Reporting Standaid applicab in the UK and Republic ol Ireland IFRS 1021" leffective 1 January 20191. Objectives and activiti.es The Trustees are responsible lor setb"n9 a Strategy for achieving the objeclivès thèy have set and the focus of this strategy is thè development of oui pupils and wi doin9 so we". Review the School'5 academic syllabus and leathing practus and policie5'. Ensure that the range of CCUrriCUlar activrtr.es available to our pupils is shrnulating and chaIn91n9.. Invest in lechndogy and the irrfrastructure of the 5ohoot". Go-operate and share resources wrth other organisations,. Continue lo review and devek>p our methods for awarding bursaries and scholarships lo ensure wider access to pupils from ajl backgrounds. Our Ethos is that ol a caring school where every pupil is an individual. The School welcomes pupils from all backgiounds. To admtt a prospecbve pupil we need to be satisfied that our School will be able to educate and develop a child to the best of thèir potential. Entiance Interviews and assessments are undertaken lo sab.sfy both Ourselves and the parents that the pupil can cope with the pa of education we provide. Our Aims The objects of the S¢hool are the advancement ol education ol boys and gir15 and in partiar to maintain a boys and girls day school in Southsea, Hampshire. We airn through our Junior and Senior Sd)ools to prowde a first dass education to boys and gids from the ages of 2 to 16. We seek lo provide a structured educats.onal environment that develops our pupils. capabilitie5, competencies and skills. We promote the acadernic. Moral and physical developrnent of our pupi15 through our academic curriculum, pastoral caie. sporting and other actmties. We provide an eduoalional environment where each student can develop and fulfil their potential, building their self-confjdence, which will enab them to contribute to the wider communrty In doing 50, we prepare our pupils foi the opportunrties. responsibililies and experiences ol later lrfe. Our Objectives In setting our objectives the Trustees have been given careful consideration to the Charity CommissK)n's guidance on advancing education and fee charging. The objethves refiect our educational 3ims as well as the 9ener&l othos of the School. Our key objecb.ves for the year include.. To develop our cedUCational artemative prowsion and expand our offer at Wyvem House". To Prepare lor the implementation of VAT on Scho fees from 1 January 2025". To continuè to provide and develop a firsl dass educab.on for Ihe pupils of the School by providing high academsc standards.. lthere il is thought to be benefioal lo the pupils. lo provKle separate dasses for boys and girls. understanding the benefrts that are achieved by inlegralion. To maintain an optimum number ol pupils to ensure each dass is prowding the stsmulus and i)pportunily lo each pupil to develop both intelleclually arkd socwlty.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 In accordance with the Charty Commiwon guidelines on pubbc benefil". To continue to support and assisl pupils with fee bursanes and stholarships of up to 100°k,' Tts develop liaisons with other schools and organisations by sharing Fesouices and facilities.. To improve and Increase the faalities availab to pupi15 and staff. To continue a programme of planned maintenance of the buildings Ltsed by the School". To colltinue lo support other charities rKkt only by donations but by organising trips abroad where the pupils have the opportunity to dire¢Uy assist wrth the charitable work undertaken. Public benefit The trustees have paid due iegafd to 9uidan(% issued by the Charity Commission in deuding what athvities the charity should undertake. A¢hiovements and perfomiance Significant activities and achievemenfs against obfftctwes The academic perfornan ol all pupils is carefully monrtored to ensure that each child will frjlfil their potential. 2024 saw the departing Yeai 11 pupils achieve an 84°A overall pass late IEngLHnd average 67.6°/ol. The pass rate in core subjed5 was 880 Our high value-added scores saw pupils ¢ontinue to exed expectations - 15°A more pupils gained grade 5 and higher in English and Maths as measured againsl their expected outcome. As an indusive school, we strive to ensure that no child is left behind and that all pupils achieve Iheii own personal best. In 2024, the pass rale for pupils with special educab.onal needs was 81%. The School wekomed its first pupils to WyvÈrn House whth openeLI in September 2023. As a Secondary Special Educalional Needs day sctto(A setting, Wem offers a calm environment for pupils betweèn the ages of 11-16 with a range ol neurodiverse needs Indvding ADHD and ASD, to build confidence and piepare them for the next slage of their educational journey_ The majority of pups'ls who attend Wem have an EHCP. but r)ol all. Folbwing tre General Election and Ihe new Labour Govemmenfs announcement that VAT Is lo be applied to Independent School fees from January 202S. the Sthod's finance team prepared a VAT implemenlalion plan to ensure they were ready to issue VAT inGlusive fee invoices for the Spnng Temi and the first VAT return as at the end of February 2025. On 17 June 2024. the lunds and assets of MaywNe High Stho(A TTUSI were transferred to Mayville High School. The Head Teacher, Mrs Rebecca Parkyn MA (Oxonl PGCE MCIL. NpaEL and her staff continue to provide security and opportunities for each child so that they may undertake theif Studies and development in a safe. happy enwronment. The Ttustees are grateful to the staff for their dedication tts the School and the way in which they project Iotward the reputation of the school and instill Confiden in the pupils who attend_ The Trustees are lortunate to have the support of past pupils and an active PTA who assisl the *hool in many ways. to a svJnificant change in her family arthmst3n¢es Mrs PaTkyn twk the deasion lo relocale her family and as a result. lendered her resignation on 3rd June 2025. We a grateful lo Mrs Parkyn for her signrfi¢ant ¢onlribulion to the School during her tenure as Head Teacher. The School continues to be involved in managing projects through the cOeShe11 Comrnunty Sporis Club providtng sporting facilities lo the community.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Financial rgvFew This has been a further year ol growth for the SdK)ol. wth an incwse in pupil numbers to 485 12022r23 4731 helping to generattr a net unie5trided surplu5 of £1.604,69S12022123 £258.2661. This has allowed the Ttustee5 to meet the School's costs from income. and contribute lo substantial developments and Impiovements a(x058 the School's pioperty assets. Investment in the wrrenl year totalled £32.S4712022123 £1.270.1141. During the yeai the Twslees further authonsed expenditure of E29,731 12022123 £123,504) on equipment and faolilies. In accordance with ils charrtable objects Ihe School has Continued to offer scholarships and assisted places to pupils who might nol otherwise benefit from the outstsnding education and faulities available at Maymlle. During the year £289,051 {2022123 £249.8741 was awarded In means-tesled fee assisiance to 45 12022123 461 pupils. To further broaden acces5. scholarships are awarded each year lo recognise achvement and contribution to the Sthool. Seh(Aaiships worth £475.480 were awarded during the yÈar12022r23 £435.7571. to 84 pupils12022123 981. The School has additionally supported outside charities both horne and abroad. and assisted with work in the local c(Knwnunity. ReseThes policy It is the policy of Ihe charity th3t unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent to beiween three and six month's expendrfure. The trustees con5xler that resetVè5 at this level will ensure that. in the event of a significant drop in funding. they will be able to continue the charity's curtenl aclNrties while consideration Is given to ways in vthich addthonal funds may be raised. Th15 level of reserves has been rnaintained throughout the year. Plans for future periods During the next year the school plans to continue io buikl on the StCeSs of Ihe Wyvern ajtemative Pfovision and increase the number of pupils to 25. We airn lo work wth Mayville staft and faMilS on fee affordabilrty given the introduction ol VAT on school fees. The school will continue to rewew faoltbes. equi1 and buildings to ensure tw meet the requirements of the pupils. Structure, governance and management The charity Is controlled by tts governing d(urnent a deed of trust, and constitutès a limited company. Iimrted by shares, as defilled by the Companies Act 20¢A. The trustees, who are also Ihe directo¥s for the purpose of company law, and who served during thè yèar and up to the date ol s@natu of the financial slements were.. Ms V Skonieczna (Chair} Ms Tanya Riordan MrAndrew Porter The Reverend Canon Dr A Rustell Dr Sarah Hookway Mr John Davenp Mr lan Faitley MrArunkumar Pillai (Restgned 3 Drnber 20241 Recruitment and aPptent of Iwslees The Trustees are selected frorn the local communrty and fvom paiènts 01 pasl paients and are appointed for their knowledge of the education system and their experience In business and Industry_ The Trustees are provided with suitable Information and training to enae them to be salisfied that they can fulfil their duties. Thé Trusteès have no benèficial intefe51 in the share caprtal of the company.
MAYVILLE HIGH SCHOOL LIMITED TRUSTEES, REPORT ONCLUDING DIRECTORS. REPORD (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST2024 Ol¥closurn of Inf0m(lOn to audltor Ms V sklerA
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees, who are also the directors of Mayw'lle HKJh Sd)o(A Limrt8d ft>r the purpose of company Jaw. are responsible for piepanng the Trustees, Report and the ffinancial 5tatement5 In ao(x)rdance with applicable law and United Kingdom Accounting Standards {Unrted kn"ngdom Generalty Accepted Accounting Practi1. Company Law requires the twstees to prepare financial slatemenls for each financial yèar whh give a true and fatr view of the state of affairs ol the charity and of the incoming resources and appli(tion of resources. Induding the income and expendrture. of the charitable Ix)rnpany for that year. In proparing these financial statements. Ihe tsuslees are required lo". - Seled suitable UtIng poliaes and then appty them ¢onsistenUy'. observe the methods and prin(iples in the Chatibes SORP., makejudgements and estimates that are reasonable and prudent". State whether ap1¢able UK Aco)unting Standards have folowed. subject to any material departures disdosed and explained in the finanaal slatements". and prepare the financial staternènts on Ihe goirhg concem basis unless it is in4)propn"ale to piesume thal the charity WIN continue in operatiix). The trustees are responsib for keeping adequate accounng records that disdose with reasonable acojracy at any lime the financial position of the tharity and enable them to ensure that the finanoal statements comply wth Ihe Companies Act 2006. They alè also responsible for safeguarding the assets of the d)arity and hence loi taking reasonable steps for the preve10 and detecbon ol fraud and other trre9ularities. The tTU51ees ale responsible for the maintenance and integrity of the charrty and finanoal infomab.on induded on the chaitys websle. Legislation in the United Kingdom goveming the preparatson and disseminatK)n of financi31 statements may differ from legislation in othw jutisdictions.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED Opinion We have audited the financial statements tsf Mayvrme High School Limited {Ihe 'charity'l for the year ended 31 August 2024 which comprise the slatèment ol finanaal ac*vrties. the balance sheet, the statement of cash flows and notes to the financial statements, inclijding sigrhifi(3nl accounting policies. The financial reporting fvamework that has been applied In their preparation is applicable law and Unrted Kingdom Accounting Standards. induding Finan¢ial Reporting Standard 102 The Finan01 Reporting Standard applicable in Ihg UK èftd R8public of Ireland (United kn"ngdom GeneraKy Awepled A(Jntlng Praci¢ce}. In our opinw)n, the finanaal siatements". give a true and fair view of the state of the charitable companys affairs as at 31 August 2024 and of its incoming resources and application of resour$. induding rts income and expenditure. for the year then ended". have been properfy prepared in accordance wth Unrted King(Jorn Generalty Accepted Accounting Practi., and have been prepared in accordance with Ihe requirements ofthe Companies Act 2006. Basis for opinion We conducted our audit in accordance wrth International Standards on Auditing IUKI IISAS IUKII and applicable law. Our reswnsibilities under those standards are further described in the Auditorfs responsibilihes for the audit of th& financial stat8m8llts section of our report_ We are Independent ol thè charity in accord8nce wrth the ethical requirements Ihal are rdevant to our audit of the finanaal statetnents in the UK. Including the FRC'S Ethical Standaid. and we have fulfilled our other ethi121 responsibilities in ac£ordance with these requirements. We believe thal the audit evidence we have obtained is suffi(xnt and appropriate to provide a basis for our opinion. Conclusion5 relating to going concern In auditing the finan0 statements. we have conduded that the trustees. use of the going u)ncèm basis of accountTng in the preparation of the finanoal stalemenls is appropriale. Based on the work we have performed. we have not ideniifiè(l any malerial uncerlainlies relating to events or conditions that. Individually or collectivety, may c3St signtficant doLJbt on the chanty's ability to continue as a going cA)ncern for a period of at leasl twelve monlhs from when the ffinanoal statements are authorised for issue. Our responsibili11es and the respon5ibits.ties of the trustees with iespect to gthng concern are described in the felevant sections of this report. Other inforn)ation The other infomialion comprises the inlomation included in the annual report other than the finanaal statements and our auditorfs report thereon. The trustees are respon5itAe fw the other information contained wthin the annual report. Our opinion on the financial statements does not cover the olher information and, except to the extent otherwisé éxplicidy stated in our report, we do not express any fomi ol assurance condusion thereon. Our respollsibilily is lo lead the other infomiation and. In doing so. consider whether the othei Inft>tmalion is materially inconsistent with the ffinancial statements or our knowledge obtained in the course of the aud11. or otherwise appears lo be materially rnisstated. If we identify such material inconsistenoes or apparent material misstatements. we are reqvired to deternine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have perfofmed. we COrKUde that there Is a matenal misstatement of this other Infomation, we are required to report that fad. We have nothing to report In ihis regard. Opinions on other matters prèscrtbed by the Companies Act 2006 In oijr opinion. based on the work undertaken in the course of our audit". the Information given m the trustees, report for the thnancial year for whh the financial stalemenls are prepafed. which includes the directors. report p¥epared for the purposes of company law, Is consistent with the financial statements.. and the directors. report induded ¥Mthin the lrnsiees, report has been prepareil In accordance with applicable legal requirements.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED Mattern on whleh wè arè required to ¥eport by exception In the light of the knowledge and understanding of the charity and rts environment obtained in the course of the alt, we have not identified material misstatements in the directors, rep)rt included within the trustees. report. We have no)thing to report in respecl of the followng matters in relatK)n to vA)ich the Companies Acl 2006 requires us lo report to you if. in our opinion.. adeqLJate acwunling records have not been kept, or retums adequale for our audit have noi been received from branches not visited by us. or the financial slaternents ale nol in agreement with Ihe accounting recotds and returns", or certain disdosures of trustees. iemuneTab"on specified by law are not made.. or we have not received all the infomation and explanatKJns we require foi our audrt". or the trustees were not entrtled to prepare the finanuèl statements In &rdanCe wrth the 5ma¥ cornpanies regime and lake advantage of the small companies. exemptions in preparing the Iiustees, report and from the requirement to prepare a strategic ieport. Responsibilities of trustees As explained mofe fully in the stalemenl of tru5tees' responsibilibes. the Iruslees. who aTe also the dirèdors of the charity for the purpose of cornpany law. are responsible lor the preparation of the financial 5tatement5 and for being S3t15fied that Ihey give a true and fair wew. and lor such intemal control as the trustees deteirnine Is necessary lo enable the preparation of ftnanual statements that are f from rnateria misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsib for a55essing Ihe charity's ability to continue as a going concern, disdosing. as applrable. matters related to going concern and using Ihe going cOnM basis ol accounting unless Ihe tnjslees erther intend lo quale ihe chariiable company or to cèasè opèrathons. or have no realistic atternalive bLrt to do so. Auditorfs responsibilitiès for the audtt of the financial statements Our objectives are lo obtain reastsnable assuran about whether the fIrclaI stalements as a whole are free from material misstatement. whether due to fraud or error. and lo r55ue an audrtorfs report that indudes our opinion. Reasonable assurance Is a high level of assurance but is not a guarantee that an audit conducied in accordance wilh ISAS IUKI will afv4ays detect a rnaterial misstatement when it exists. Misstatemenls can arise frorn fraud Or error and are rx)nsidered rnatenal if, indiwdualty o¥ In the aggregate, they could asOnablY be expected to inlluence the economic deasions ol users taken on the basis of ese finan(xal staletnents. Irregularities, induding fraud, are instanGes of rIOnMpli8[e wrth laws and regulations. We design procèdures in line with our re5pon51bilrfies ouNined above. to detect material rnisstatements in respect of irregu13rities. induding fraud. Thè èxtent to whth our procedures are capaNe of delecting irregulant. induding fraud. is detailed below. In identifying and assessing risks of matenal tnisstatement in iespecl of irregulantes. including fraud and non- compliance with laws and regulations. our procedures induded the following". Obtaining an under5tandtng of the legal and regulatory framewo in vthich the company operates, focusing on those laws and regulation5 that had a direct effect on Ihe finanaal statements and operations.. Obtaining an understanding of the chanty's policEs and procedur8s on fraud risks. induding knowledge of any actual, suspected or alleged fraud". and Discussing among the engagement team htsw and where fraud might occui in the finanaal statements and any potent1al indicattsis of frèud through our knowledge and understanding of the charity and our sector- specffjc experien. As a result of these procedures, we considered the opporiunth.es 8rKI incentive5 that may exist within the company for fraud. We aTe also required to perform speufic piocedure5 to respond lo the risk of management override. As a result of performing the above, we identtfied the foJk)wing areas as those most likely to have an impact on the financial statéments". Cornplian with the UK Companies Act and the Charities SORP IFRS1021.
MAYVILLE HIGH SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MAYVILLE HIGH SCHOOL LIMITED In addrtion to the above. our procedures to respond to risks idènb.fied induded Ihe following.. Making enquiries of managernenl. about any known or suspected instances ol non-¢ompliance with laws and regulations and traud" Reviewing minutes of meets"ng5 of the board and senior management." and Auditing the risk of management override of controls. induding through tesb.ng joumal entries and other adjuslments for appropnatene55. Due to the inherent limrtalions of an audit, there is an unavoidable risk ihal some material misslaiements in Ihe financial statements rnay not be detected, even tt)ough the audrt is properfy planed and perfortned in aecordan with the ISAS IUKI. For instance. the lurthei iemoved non-CA)mpliance is from the events and tiansactions reflected in the linanal statements. the $S Iikety Ihe audrtor is to become aware of it or to recognise the non-compliance. A further description of our responsibilities is available on Financial Reporting Council's website al" https.'Il i.frc.oig_LJkl3udrtoisresponsknilrties. This descripb.on forrns part of our auditorfs report. Use of our report This report is made solely lo the charitable company's members. as a body. in accordance with Chapter 3 01 Part 16 ol the Companies Act 2006. Our audil wot* has been undertaken so that we might slate lo the charitable company's members those matters we are required to state to them in an audrtorfs report and for no other purpose. To the fLJllest extent permitted by law. we do not at or assume responsibilrty to anyone other than the charitable cornpany and the charitable company's mernbers as a body. for our audrt Wotk. for Ihi5 report. or for the opinions we have formed. Robin Evans BA FCA CTA DChA (Senior Stattrtory Auditor) for and on behalf of Sumer Audit Chartered Accountsnts Statutory Audltor Chichester SumerAudit 1$ the trading name of SumerAuditco Limtted
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Restrietèd funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies h Iilable activities Sthool feèg Other educatKJnal income Catering and welfare income Other income 1.682.711 17.122 1.699.833 4.742,743 4.742.743 4.437.020 4.437,020 288.138 288.138 285.8C(J 285,800 148.068 126.250 148.068 126,250 140.692 124.122 140,692 124,122 Inveslrnenls Other income 27,647 1,429 27.647 1.429 17.034 17.034 Total income 7.016.986 17.122 7.034.108 5.004.668 5.004,668 Charitable aclvrties Teaching cos15 Premises Welfare 4.650.646 582.418 19tl.699 12.081 4.662.727 582.418 ],699 4.168.445 410.191 142,710 4,168,445 410,191 142.710 Totsl charitsble expenditure 5.423.763 12.081 5.435.844 4.721.346 4.721.346 Other expendiluie 111,4731 111.473) 25,056 25,056 Totsl expend¢lu 5.412,2 12.081 5.424.371 4.746.402 4.746.402 Net in¢orne 1,604,696 5.041 1.609.737 258.266 258,266 Transfers beeen funds 405.482 {405,4821 Net movement in funds 1,604.696 5.041 1.609.737 663.748 1405.4821 258.266 Rèconclllatlon of funds-. Fund balances at 1 Septemi*F 2023 2.793.739 2.793,739 2.129.991 405.482 2.535.473 Fund balances at 31 August 2024 4.398.435 5.041 4.403,476 2.793.739 2.793,739 The statement of financial a1VitieS also cornplies wrth the requirements foi an in(x)rne and expenditure account nder the Companies Act 2006.
MAYVILLE HIGH SCHOOL LIMITED BALANCE SHEET ASAT31 AUGUST2024 Flx•d 12 4644.811 2,C63.125 13 14 Detrtorn Cath att4nk •>J In 347.018 12Th 181,881 1.387.303 1fft3.8M 718.910 7.4 841,660 4.551.745 2.904.785 16 (1482691 {111.046) 4.4478 2,793.739 18 5.041 4.397,435 2.792,739 4.403,476 2.793,739 e2J Ms V SkoThe(zna (Ch*) CranY registrati¢)n nurts LN)70532 (En 8rKI ) 10-
MAYVILLE HIGH SCHOOL LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2024 2024 2023 Notes Ca$h Ilows from operating activities Cash labsort)ed byllgenerated from operalM)ns 23 {83.6461 858.165 Investing activities Purchase of langlble f xed assets Proceeds trorn disposal of tangibk fixed assets Investment income reiVed 162.2781 11.393,6181 27,647 17.034 Net cash used in inY8Sting activttie5 {27,131} 11,376,584) Nèt ca$h used in financing activilies Net decrease in cash and cash equfvaltnts {110.77n (518,4191 Cash and cash equivalents al beginning of year 1,387.303 1.905,722 Cash and Cash equiyants at end of year 1,276.526 1,387,303
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles Charity infomiation Mayville High School Limrted is a pvwate company limited by shares incorporated in England and waS_ The regislered offi¢e 1$ 3&37 St Sirnon's Road. Southsea. Hampshi. P05 2PE. 1.1 Accounting convention The financial statements have been prepared In accordance wrth the charity's deed ol trust. the Memoran¢Jum and Articles of Assoc7alion, Ihe Companies Act 2005. FRS 102 "The Financial Reporting Slandard appllcable in the UK and Republic of Ireland. I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended PractK% appl¢cable to charities preparing their accounts in aeeordance wrth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. leffeGtive 1 January 20191. The chanty Is a Public Benefft Entsty as defined by FRS 102. The financial slalements are prepared in stedTrng. which is the functional currency of the charity. Monetsry amounts in these finanaal slatements are ri)unded to the nearest £. The financial staternents have been prepared under the historical u)st wnventson. The pnpaI accounting poliryes adopted are set out below. 1.2 Going concem Al Ihe lime of approwng the financial statements. the Irustees have a reasonabk expectation that thè charity has adequate resources to conb.nue in operational existence for the foreseeable fLrture. Thus the trustees continue to adopt the going wncem basis of accounting in preparing Ihe finanrAal staternenls. 1.3 Charttable funds Unrestncted ftjnds are available for use at the discretson of the tnjstees in furtherance ol their Gharrtable objectives. Designated funds compnse funds which have been set ade al the disctetion of the trustees for specffic purposes. The purposes and uses of the designated lunds ale set out in the notes lo the fin8nual slalements. Rèslncted fvnds are Subject to specific conditions by donots or grantors as to how they may be used. The purposes and uses ol the restricted fvnds a sel out in the rK)les fo Ihe financial statements. 1.4 Income Income is recognised when the charity is legaly entrtled to it after any perfomiance conditions have been met, the amounts can be measured reliabty. and it is probable thai inwme will be received. Cash donations are recognised on receipt. Other donations are recognised once Ihe charity has been notified ol the donation. unless perfomiance condits"on5 require deferral of the amount. Income tax recoverable In relalion to donations recewed under G[ftd or deeds of ¢J)veRant is recognised at the ts'me of the donatK)n. Don8led goods are measured at thei fair value. unle55 irnpiactical to Measure the lair value reliably. Goods donated for on-going use by a chatty in carrying out its activities are recognised as tangib fixèd assets with the corresponding gain iecognised as income from donations within the SOFA. In common with any olher tsngible assets, dated goods held as tangible fixed assels must be subject to depreciation or amortisation and assessed for indications of their impaimient al the ieporting date. 12-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Icontintsèdl 1.S Expènditu Expenditure is recogni58d onc£ there is a kgal or o)nstnJctive obbgation to translèr eexjntimic benefit lo a third party, it is probable that a transfer of economic beneffts will be qUired in settsetnent. and the amDunl of the obligab.on can be measured reliably. Expendrture 15 dasstfied by activity. The costs of eath aclwty are rnade up of the lotal of direcl costs and shared oosls. induding support costs involved in undertaking each alvty. Direct costs attributable lo a single aclivity are allocated directly to that actmty Shared costs which contribute to more than one activity and support costs which are not 31tributable to a srngle activity are apportioned behveen those aclivtties on a basis consistent with Ihe use of resources. Central staff cosis are allocated on Ihe basi$ of lime spent. and depreaation d)arges are allocated on the portson of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets ale inrtialty measured al $t and Subsequen1 measured at cost nel of depreciation and any impaiment losses. DeplatIon is iecognised so as lo write off the cost or valuation of assets sS their resKlual values over their uselul lives on the following bases.. Freehold land and txjildings Leasehold land and buildings Property Improvements Fixtuies and fittings Minibus 2% on cosl per annum 2°A on cos( per annum 2% on st per annum 11)OQ/o on 51 per annum 25% reducing balarKe per anntjm The gain ot loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of Ihe asset. and is recognised in the slatement of Iinanaal activilies. 1.7 Impatmient of fixèd assèts At each reporbng end date, the charily reviews thè carrying amounts of rts tangible assets to delemiine whether there is any indicalion that Ihose assets have suffered an impairment loss. 11 any such indication exists, the recoverable amunl ol the asset 15 eslimaled in Qfder to delerrnine the extenl of the impaimient loss Irf any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposils hdd at call with banks. other short-lem liquKI investments with orEginal maturtb.es of Ihree rnonths or kss, and bank overdrafts_ 1.9 Finan¢¢al instruments The charily has elected to apply Ihe piomsions of Section 11 'Basic Finanual Inslnjments and Section 12 'Other Financjal Instrumen15 Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the d)8n$ balance sheet when the chanty becomes party to the conlr3clual provisions of the instrument. Financial assèts and liabilities are offset. wth the net amounts presented in the finanryal statements. when theie Is a legally enforceable right lo set off the recognised amunts and theie is an intention lo setde on a net basis or lo realise the asset and settle the liability sImuane0U5ty. 13-
MAYWLLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policie$ (Continu•dl Basi¢ finan¢iala5sets Basic financial assets. whith indude debtors and cash and bank balances. are initialty measured at transaction piice induding transaction costs and are subsequently rarried at arnortised cost using the eftecliv& interest method unless the arrangemenl constitutes a financing Iransactson. where the transaction is rnea5ured al the present value of the future feceipts disrounte(l at a market rate ol interest. Finan(i31 assels dassified as receivable w4thin one year are not 3m(Kbsed. Basic financiTal liabilities Basic financial liabilities. induding ciedtlors arHJ bank loans are inrtially recognised al trarTrsaction price unless the arrangement con5titute5 a financing transaction. where the debt instrument is measured at the present value of the fuluie paymenls discounted at a market rate ol interest. Financial Iiabihlies ckssified as payable within one yeai are nol amortised. Debt instruments are subSeqUY ¢awried ai amorlised c05t. using the effeclive interest rate method. Trade credrtors are obligation5 to pay for goods or serwces that have been acquifed in the ordinary course of operatioTrs from suppliers. Amounts payable are dassified as current liabilities if payment is due within tsne year or less. If not, they are Presented as norj-current liabilities_ Trade creditors are recognised Inibally at Iransaclion price and subsequendy measured at amort15ed cost Using Ihe effective interest method. Derecognition of finaneffal liabililies Financial liabilities ale derecognised when the tharity's conlractual oblwJations expiie or are distharged or cancelled. 1.10 Taxation The tharity is exempt from corporats'on tax on its charitable activities. 1.11 Employee benefits The St$ of short-terni employee benefits are re(¥Jgni5ed as a liability and an expense. The cost of any unused holiday entrtlement is recognised In U)e period in vthich the employee's seNS are re¢eived. Termination benefits are recognis8d immediatety as an expense when Ihe charty is demonstrably committed to terminate the employment of an employee or lo provide lermination benefits. 1.12 Rotlrnment benerts Payments to defined contributs(111 relirernent benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgèments In the application of the charrty's accounling policies, the trustees are required to make JudgeentS. estimates and assumptioris abotrt the Garrying amount of assets and liabilities thal are not readily apparent from other sourcès. The eslirn3tes and asswated assumptions are based on hi5tQriG31 expellen and other factors thal ale considered lo be reVant. Aciual resu$ may differ frorn these estimates. The eslimates and undedying as*Jmpb"on5 are reviewed on an ongoing basis. Rew5ions to aoUnt1ng estimates ale recognised in the pefiod in which the estimate Is Tewsed where the rewsion affects only that period. or In the peiiod of the revision and future penods whère Ihe tewsion affects both current and future periods.
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from donations and 1993cies Unrestricted Restricted funds nds 2024 2024 Total Unrnstrictsd Rèstrieted funds fund$ 2023 2023 Total 2024 2023 Donations and gifts Govemmer*l grants 1.682.711 1.682.711 17.122 17.122 1.682.711 17,122 1.699,833 Donations and gifts Maywlle High School Trust- tran5ter of freehold property Mayville High sch11 Trust Other I,6.0[j 1.650.(K)O 32.500 211 211 1.682.711 1.682,711 Grants rèeeivable for core activities SENDIF 17,122 17.122 17.122 17.122 15-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMEpifs ICONTINUEDI FOR THE YEAR EPIDED 31 AUGUST2024 charItab x*vltss To141 24 2024 20 5.7n678 5.773 $78 227.374 43.780 11.030.53S1 17.004 5.380.891 194.263 46 752 1943.871 227.37 After$th0aubS Bwstffts distnts ana sc•ol¥thps li.93S) f7.rn4 5 OnSne 27.197 140.692 124.123 148Q 148Q66 126 250 OthEr1rjm2 12829) 4.742.743 288 138 148ffi8 5.305.199 4.987.834 Vsssbyfu 4.742.743 288.138 148r 126.29) 5.30$ 199 4 987.GJI Bursarfw. dIounts and Idlar& 8ursar5 aUth¥arK05 stholtrtni Sthg 12650$11 14754801 14tr5480Tr Slaff discauNs {1.935} {1 03U 93SI 1943.871 -16-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charitable activities Icontinuedl For the year ended 31 August 2023 School lo•5 0th4raducatfional Cat•ring and Olher kncome irt£¥rbÈ irbcom Total 2023 School lees Private iurftion incorne Afterschool dubs Bursaries, discounts and scholarships Exam fees MHS Online Cateiing and welfare Oihsr income 5.380.891 5,380,891 194,263 46.782 194.263 46,782 1943.8711 1943.8711 17,558 27.197 140.692 124.122 17,558 27.197 140,692 124.122 4.437.020 285.800 140.692 124,122 4.987.634 Anaty5is by fund Unrestrided funds 4.437.020 285.8(Kl 140.692 124.122 4,987,634 Bursarres, discounts and scholarships Bur5arie5 and 31towans 1249.8741 Scholarships 1435 75n Sibling discounts 1145.1231 Staff discounts 1113.1171 {249.8741 {435.7571 1145.1231 1113.1171 1943,871 1943,8711 Incom8 from investments Unrestricted Unrestricted fvnds funds 2024 2023 Interest r8C8ivable 27.647 17,034 17_
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI FOR THE YEAR ENDED 31 AUGUST 2024 EXp•ndJ•an ctrArftatl•xdvlt T•xthiry Prnffltt•s Totsl 2024 2024 2024 2024 23 202J ZD23 2023 Dirèct G45t5 slay co$ SlaY8xpen¥es 235.462 96211 3.S¢S $80 57.428 2.7.0S7 1S4848 62 737 3.234.642 40 35$ 147 8001 36481 77.123 68.379 72965 79973 239.614 $7.428 147.Sth)1 36.461 77.123 68.379 72.96S Rates ald watfjr L¥rrt and 87.223 87.223 I5 WAnSeS . .488 261.$73 79.973 Pupilexpwses EqJipYeTht rewrs renewS kndry 261.573 239.614 1.758 22619 22.619 3.2. 582418 1gJ.699 4XE025 3.367036 142 710 3819.927 Sh&rn alsupportand gtymanc¢ts isee Support 977.7Q4 768 842 132 $77 768 842 132.577 152.Il5 4.662.727 $82.41 190699 5435.844 4.168445 410.191 142 710 4 721.346 Ahaty$i$ byfuTrd Unrest rwid5 ResIr1C 4.850.616 I2.1 582.418 I1$99 $423763 I2.1 142710 4.721.346 4.662.727 582.418 1.$99 $4¥.844 4.16844S 141T10 4,721.348 18-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2024 Support costs allocated to activttiÈ$ Teaching costs 2024 Total 2023 Staff costs Depreciation Printing & Stationery Postage & carriage Telephoné Advertising General insurances cen$ & subscriptions Staff training Computer expenses Aftercare expenses Donations & charitable payments Govemance 459,188 124.521 60,117 2,880 4.141 111.293 48.747 21.938 33,269 85.041 14.569 12.000 152,115 272,205 170,554 42.940 2.552 5,571 80,803 44.731 21,946 14,703 88,211 12.626 12.000 132.577 1.129.819 901,419 2024 2023 Govèrnance costs comprise: Audit lees Accountancy Legal and professional ISI Inspe¢lions 10.865 8.808 126,349 6.093 9.702 8.088 111.843 152.115 132.577 Olher ttssts Unrestrictsd Unrestricted funds funds 2024 2023 Bad debts Financing costs 115.3121 3.839 20,113 4.943 111.4731 25.056 19-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST2024 Trustees None of the trustèes l(>r any pwsons o)nnected with them) rèowed any MUrIer3.On or benefits from the thanty during the year. No expenses were 1Mbur$6d to trustees duiing Ihe aJTrent or comparalNe peri(Ml. 10 Employè•$ The average monthty number of employees during Ihe year was. 2024 Number 2023 Number 127 119 Employment costs 2024 2023 Wages and salanes Social securty costs Other pension costs 3.564,635 293. 155 146.978 3,088,075 264.183 154.589 4,004.768 3,506.847 Terminatn payments totaling £25.00012023." £nill were made in Ihe reports'ng pèriod. The number of employee5 whose annual remunerab.on was more than £60.Tr)O is as follows.. 2024 Numbe¥ 2023 Number £60,000- £70,000 £90.000- £100,000 £100.000- £110.000 Contributions totalling £18.03612023". £11.7621 were made to defined contnbuhon pension sthemes on behalf of employees whose emoluments exceeil £60.0. Rgmuneration of key management petsonnÈl The rèmuneration ol key managemenl personnel is as lolkms. 2024 2023 Aggregate compensafion 560.226 482.875 20-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Taxation The charity is exempl from laxation on its activibes because all ils inCMe is applied for charitable purpos85. 12 Tangible red a$$ets Frsehold ld and bulldlngs L•asehold Prop•Fty Fixlures and land and iryrovements fitting$ trjildings Alinlbu$ Total Cost At 1 Seplember 2023 Addrtions Disposals 2.161.985 1,650.( 24.576 932,873 32.547 996.938 29,731 150,050 4.266.422 1.712,278 169,9561 {69,956) At 31 August 2024 3.811.985 24.576 965.420 1,026,669 80.094 5.908.744 Depreclatfion and impatrment At 1 September 2023 Depreciation charged in Ihe year Elirninated in respect of disposals 686.137 24.576 370,974 996.938 124.672 2,203,297 70.240 19.308 29,731 5,242 124.521 {63.8851 1fj3,8851 At 31 August 2024 756,377 24.576 390.282 1.026.669 66.029 2,263.933 Carrying amount At 31 August 2024 3,055.608 575.138 14,065 3.644.811 At 31 Augu512023 1.475.848 561.899 25.378 2.063,125 13 Stocks 2024 2023 Finished goods and goods for rèsa 300 300 14 Debtors 2024 2023 Amounts falling due within one year. Trade debtors Other debtors Prepayments and accrued Income 204.116 64,768 78.134 28.342 76.758 76,771 347.018 181,881 21
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15 Credito. amounts falling duè wtthin one year 2024 2023 Other taxation and social secuity Payments received on aCcUnt Trade creditors Pupil deposits Othei creditors Acuuals and deferred inc4)me 87.279 279.493 86.482 147.600 81.175 34.881 74,422 423.754 44.666 120.900 41.500 22.582 716,910 727,824 16 Crgditor5: amounts falling due after morn than oné year 2024 2023 Payments received on )Unt 148.269 111.046 17 sha capitsl 2024 2023 Ordlnary $hare Capital Issued and fully pald 1,000 Ordinary of £1 eae 1.(X)O 18 Rèstricted funds The restricted funds of the charity wmprrse the unexpended balances of don*"ons and grants held on trust subiecl to specific conditions by donors as to how they may be used. At1 September 2023 Incomlng resources Resources expended Transfews At 31 August 2024 SENDIF Grant 17.122 112.081} 5,041 Previous year. Incoming resOueS Resources expended Transfers At 31 August 2023 S•ptsmber 2022 DLEU Donation 405.482 1405.4821 -22-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 18 Restricted funds (Continued) Special Educah"onal Needs InclLJsion Funding ISENDIF) has been received to support thildren with learning and developmental delay or SEND. The fvnding is for usè in Ihe early year5 and is paid to the School to support the children's identified needs. On fj Qctober 2022. the School received a donatron tolalling £405.482 from a Trust. Th15 donation was received for the purposes of the development of Ihe DLEU b4JddRigs al the Scho(A and was nol available for general use. These funds W spent in f[ in the prior year on the new buildlng 24 St Simon's Road. for the purpose of the nèw specia115t learning support wellbeing centre. Therefore. as these fvrK15 weie spent Ihey were transferred to unrestrcted funds In the prior year. 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balan$ of donats'ons and grants which are not subiecl lo specJfi¢ conditions by donots and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by Ihe trustees for specific purposes. At1 September 2023 Incoming resources Resources expended Trnnsfers At 31 August 2024 scharShip Reserve MUGA reserve Gerteral frJnd5 285.C 56.268 2.451.471 285,000 50.268 4.062.167 ifj.0001 6.000 7.016.986 (s,412,2) 2.792.739 7.016.986 15.412.29)1 4.397.435 Previous year. At1 Sèptember 2022 Incoming resources Resources expended Trnnsfèrs At 31 August 2023 Scholarship Resèrve MUGA reseNe General funds 285.CXJO 62.268 1.781.723 285.000 56,268 2,451.471 16.0001 411.482 5.004.668 14.746.402) 2.128.991 5.004.668 14.746 402} 405.482 2,792,739 -23-
MAYVILLE HIGH SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 20 Anatysis of net assets betWn funds Unrestricted lunds (including $hare capitsl} 2024 Restricted funds Total 2024 2024 Fund balances at 31 August 2024 aye rnprtsènted by: Tangible assets Curient assetsllliabililies} Long lerm liabilities 3.844.811 1.893 (148.2691 3,644.811 906.934 1148.2691 5.041 4.398.435 5,041 4,403,476 UnTrstrictsd funds lincluding share capitsll 2023 Restrbcted fvnds Total 2023 2023 Fund balances at 31 August 2023 are reprèsented by". Tangible assets Current asset511liabilitiesl Long tetm liabilities 2.063.125 841.660 (111.0461 2,063,125 841,660 1111.0461 2.793.739 2,793,739 21 Operating lease commttsn•nts L8ss•• At the reporting end datè the charity had oulstanding o)mmitmenls lor luture minimum lease payments ijnder non-cancellable operating leases. whKh fall due as follows.. 2024 2023 Within one year Between (wo and five years 68,425 154,698 34.729 58,920 223.123 93.649 Lease payments recognised as an expense during the year are £69.601 12023- £34,729>. -24_