LEWESTON SHERBORNE Leweston School Trust (A Charitable Company Limited by GuarantO0) Annual Report and Flnanclal Slatements For the Year Ended 31 July 2024 Company Number: 02041443 (England and Wales) Charity Registered in England and Wales Number: 295175 Leweston School Trust Contents For Ihe Year Ended 31 July 2024 Chairman's Rep(wt Reference arrfl Administrative Details Report of the Govemors (including Statem8nt of Govemors. Responsibilities) IrKlependent Auditor's Report on the Financial Siaiements 16 Consolidated Stalemenl of Financial ActNilies 20 Balance Sheet and Consolldated Balance Sheet 21 Consolidated Cashflow Statement Notes to Financial Stalements 23 Produced by Aibert Goodman LLP Leweston School Trust Chairman's Report For the Year EThJed 31 July 2024 The Governors of Leweslon School are pkased to present their report for 202&24 Tho Sch¢)ol Leweslon is a thriving school wth a rich history, providing outstsrKling education to chiklren from 3 months to 18 years of age. We offer an enwronment where children feel comfortable and confident. providing Ihem with multitude of different opportunities. encouraging them to try new eXperIen￿S and achieve more than they thought possible. We embrace all aspects of sthool life as a famity. we are more than a community. This collective approach to school life is key and we share hb3h stsndards in our pursuit of academic and personal excellence. Strong relationships, between pupils. staff and parents, is central. Our parents want a school that works as hard as them lo educate their children. What makes us distinct5ve? Leweston's values of community. opportunity and expertise are the bedrock of our school. We create a positive atmosphere where pupils can express themselves. We are principled l)ut relaxed, open with a lack of pretension. We have an unparalleled dedication to the indNidual and offer a modern and transformative education to boys and girls from a range of different backgrounds and with many different interests and personalities; we are a school where there are set pathways. Whilst we recognise that many schools say the same of their institutions. we know from our recent parents, survey that our families see this in practice. As one parent said 'Leweston has an atrnosphere of genuine warmlh and is a down to earth community. A lot of other sd￿01$ put this in their brochures but they are just words al the end of the day. Leweston has a genuine sense of kindness and approathability,. The Future Since 2017 Leweston School has doubled in size. Our fiexible range of day. flexi. weekly and full tM)arding options, combinèd with a commiiment lo rwnain relevant to the needs of the families that choose us, is reflected in this growth in numbers. Whilst we are mindful of the challenges ihat may face the independent school sector, Leweston continues to be ambitious. The school opened the Leweston Chedington Riding Academy in November 2024 and completed the replacement of the all-w8ather I￿tCh. Whilst our numbers remain buoyant we are ¢lose to rea¢hing ¢apacily and the school is lookirg to invest in new classr￿M5 and boarding faalities to aGGommodate ￿ntInued demand. None of this woukl be ￿sSible, of coutse, withC￿l the incornparab￿ dedication of our advisors, supporters, staff body. and the vigorous support of our parenl community. Mr lan L&g Chaif ol Governots Produced by Abert Goodman LLP Leweston School Trust Chairman's Report For the Year Ended 31 Juty 2024 Governors Mr lan L￿aS." (elected 24 June 20201 Chair of Govemors Mr Dermot McKechnie' [e￿cted 12 June 2018) Mr Graham Best". (elected 24 April 2023) Ms Valerie Simmons De Fontsnals. (elected 4 December 2019) Mr Mark Brunel£ohen (elected 7 June 2023) Mrs Rebecca Peacock (elected 16 September 2020) Prof8ssor Anthony Meehan. {eEecled 11 May 2021) Mr Simon G￿enwoOd (elected 11 May 2021) Lieutenant G8neral Sir James Dutton'181ecled 1 July 2022 Mr Paul Felbeck. (elected 22nd June 2022) Mrs Janet Schofiekl." (elected 22nd June 2022) Finance & General Purposes ComnNttee ' Education Commillee Clerk to the Govemors Claire Worsley Officers Head: John Paget-Tomlinson BA H￿s, MA {Lond(x)), MSC, MRes (London). PGCE Head of Preparatory School: Richard Thompson BA Hons. PGCE Dir8Ctor of Business Strategy and Operations-. ClaK8 Worsley MA Hons (Oxon) Reglstered Office Leweslon School Sherbome Dorset DT9 6EN Company Number. 02041443 Aud5tor Albert Goodman LLP Goodwood House Blackbrook Business Park Taunton TA12PX Bank Natwest PIC 2 Hendford Yeovil Somerset BA20 1TN Produced by Albert Goodman LLP Leweston School Trust Chaimian's Report For the Year Ended 31 July 2024 Sollcltors Wilsons Alexandra House St Johns Street Salisbury SP12SB Insurance Brokers Marsh Ltd Education Practice Capital House 1- 5 Perymount Road Havryards Health West Sussex RH16 3SY Investment Advlsers Investec Wèatth arKJ Investrnent Limited 2 Gresham Street London EC2V 7QN School Webslte www.leweston.co.uk Produced by Aibert Goodman LLP Leweston School Trust Report of the Govemors (including statement of ￿veMors, ￿spOnsibl11118s) For the Year Ended 31 July 2024 The Governors, who are also the Mernb￿s and directors of the Charity for the purposes of the Companies Act. present their report and the audited consolmlated financial statements for the year ended 31 July 2024. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Documents The governing documents of the Trust are the Memorandum and Articles of Association. The Articles of Association were last amended in March 2014, reduciTr3 both the minimum number of governors required on the Board and the qUOTum, and also making d￿ngeS lo the number and appointment of the Foundation Governors. Govaming Body The Govemors ar8 required under the Articles to sep4e as Difectors arNJ Members of the Trust which is company limited by guarantee and a registered charity. The Govemors are divided into hvo categories,. a Governor who is appointed by the Roman Catholic Bishop of Plymouth and &)vernors appointed through the nomial system. The Articles require thal 50% of Govemors are of the Catholic faith. Govemors serve a temi of three years and are eligible to stsnd for reryelection for a further two terms or longer in exceptional circumstances. Governors are responsible for the g0Veman￿ of both the Senior and Preparatory Schools. The Goveming Body aims to comply with the Charity Govemance Ccrfje for larger charities issued by the Charity Govemance Code Steering group. Govornor Recruftment and Tralnlng Govemors are appointed who provide a balan￿ of personal competents, specialist expertise and experience relevanl to the running of an independent Catholic school. New appointrnenls are selected to fill identifiable gaps in the Board's existing thlls and to meet the needs of good govemance. Induction is organised by the Bursar in order to familiarise new Govemors with tKsth SC￿oIs and their statutory responSi￿.11t1eS and obligab"ons. They are provided with 'Guidelines for Govemors,, a manual of 9)od practTr¢e for the governors ol independent schoots and encouraged to attend seminars on good govemance run by the Asso¢ialion of Goveming Bodies of Independent Schools {AGBIS). Each year Govemors are infomed of training Courses run by the School's accountants. solicitors, AGBIS and other organisations. to keep them updated on re￿vant changes to Charity and their own responsibilities. In addition. in accordan￿ wlh best practice, the School has undertaken a full review of its governance, facilitated by an external consultant and is acting on the recommendations. Organigational Management The Governors meet as a Board three times a year to detemiine the general policy of the Trust and review its overall management and control for which they are legally responsible. The work of scrutinising the Trust's policies and performan￿ is carried out by the Finan￿ and General PurFK)ses Committee {F&GPC), which meets five times a year. and the Education Committee, which meets termly. Specific Governors have additional responsibilities for Boarding and Pastoral Care, Child Protection and Enterprises and participate in the deliberations of the School's officers in these areas, reporting to the full Board directty, or via the committees which meet at least three times a year and often more frequently. The day to day running of the School is delegated to the Heads supp)rted by the Senior Leadership Teams. The Heads and the Director of Business Strategy and Operations also meet for a wee￿Y business meeting during tem) time and attend the Board and all committee meetings. Produced by Albert Goodman LLP Leweston School Trust Report of the Governors (including statement of Govemors, reS[￿lsibIlities) For the Year Ended 31 July 2024 STRA TEGIC REPOR T Rlsk Managémént The Board of Govemors is responsible for tha management of risk. A detailed Risk Management Plan is prepared by the Director of Business Strategy and Oparalions and broken down into risks which are owned by the various committees. or Ihe Board itseff. The rbsks are reviewed Iwice a temi by the Finance and General Purposes Committee and termly by the Eduration Committee and submitted to the Board for approval. Key strategic areas that are addressed indude the academic standards. market position. long term financial stability and continued invèstment in the Trust's resources and facilities. Key controls used by the School indude". Strategic planning. budgeting and management accounting: Established organisational structure lin8s of reporting Govemor representation; Comprehensive written policies.. Compliance with the procedures for the safeguarding of thildren and other regulatory requirements., Formal ageTrJa and minutes for Board. Committee and Senlor Management meetings. The Govemors are satisfied that the Trust has established resour￿ ￿VIeW of systems which, under nonnal conditions. would allow those risks to be mitvJated to an acceptable and reasonable level. OUR MISSION To provide a well-rounded and relevant education to boys and girls focused on th8 individual learner, instilling an independence, resilience and willingness to try which provides pupils with the COnf￿ence to meet the challenges of the wider worhj. To build a community of courtesy, respe¢l and affection that has al its heart prayer and service to others. SCHOOL AIMS To give pupils an experience of life in a Christian communty: By affirming each individual as a sacred and unique parl of God's Grealion. and nurturing in each person a sense of dignity and self-worth By valuing diversity and apprecialing the contribution that every pupil makes lo the life of the School To provide the highest quality of teaching and leaming, which is reswnsive to and supporlive of the needs and aspirations of the individual.. By fostering intellectual curiosity. a desire to seek truth. and a lif&long love of learning By 8nabling pupils to discover their own strengths and weaknesses. to leam from Yailures,, and to develop the detennination to persevere. in order to pursue their goals By supporting all pupils in their pursuit of academic and personal ex￿llence and ensuring every pupll can take part in the School curriculum To provide a prcoramme of sport and outdoor leaming accessible to all which supports and enhance5 pupils, personal development arul a&3demic achievements. To forge relalionships of trusl arKI mutual respect beiw88n staff and students which contribute to the success of pupils in all aspects of School life. Produced by Albert Goodman LLP Leweston School Trust Report of the Governors (including stalement of Govemrs, reswnsibilities) For the Year Ended 31 July 2024 To inspire pupils to develop Iheir God-given gifts and be happy with who they are. STRATEGIC PLAN 2022-2027 Our ambition is to provide every pupil with the best possible opportunity lo leam and grow h8lpirwJ them lo achieve more than they thought possible. Our ambition is aspirational and provides the driver for all that we do. It encapsulates our belief in what makes Le￿StOn special. To make our vision reality. we will be working towards five core strategic goals based on th8 school values Community - to create a family community of shared aspirations and values which engenders a strong sense of belonging for pa￿nIs. pupls and staff alike. Opportunlty - to provide the wdest range of opportunity to our pupils. FKeparing them take their place In the world. Expertise - to demonstrate the depth and breadth of experien￿ in all aspects of the Leweston offering and the impact this has on our pupils. Identfty - to develop and ￿mmUniCate a strong sense of aThJ what we stand for. A¢countability- to maintain the highest stsTrJards in educalion and do so with integrity. effective laad8rship and effi¢ien¢y. Thè strategic plan is available in full on the sch¢￿1 website. INVESTMENT During the finanaal year 2023124 Ihe School has invesled £375,000 in capital expanditure. Development projects have inclLKled-. Purchase of adjacent Woodland The Leweston Chedington Riding Academy Complete rasurfacing and upgrade to the All-weather pitch Further Work to the driveway and car parks New computers as well as more interadive srAeens for teaching dassrooms Networking improvements General repairs and Health and Safety improvements New maintenance equipmenl PUBLIC BENEFIT Leweston School is a charitable trust vthich seeks to beneffl the public Ihrough the pursurt of its slated aims. As an important part of its function, the school audits on an ongoing basis the public benefit it prOv￿￿e$. For further infomiation visit.. htt s:IIvnNW. h 1st th8r.o s&studiesTrschoolld=94742 The School educates 600 children and standard of education are judged by the Independent Schools Inspectorate and OFSTED to be of a high standard. The inspection reports of b)th t¥)dies provide evidence of this and are freely available. By eduGaling these children in the private sector the School saves the public purse a seven-figure sum by way of indirect publi¢ benefi1= The School's fees are less than many similar schwls in the region. Produced by Abert Goodman LLP Leweston School Trust Report of the Govemors (includiw statement of Govem(Ks' responsibiliti8s) For the Year Ended 31 July 2024 The School provMJ8s access to children from less affluent backgrounds by way of scholarships and means-tesled bursary awards. The School is responsible for maintaining the histori¢ buildings and gardens. The School has an a¢liv8 charitable giving programme which ratses thousands of pounds for charities in UK and abroad. The School opens a wide variety of its faalities to the local community and has strong links with business and charity groups in the surrounding area. The School offers subsidised weekly Forest School and Aqualots for parent aThJ toddler groups. The School welcomes maintained seclor schools onsite for events and to use the sports facilities. PENTATHLON ACADEMY As one of only nine Pentathlon Training Hubs in the UK the Schcol makes a signrficant contribution to the Pentathlon GB Pathway and is one of the cornerstones of the GB Squad. The Hub caters for athletes of all abilities and any pupil in the School can join. Leweston's highly expariencad GB coach, Mick Flaherty, organises and delivers dedicated training and mentoring programmes tailored to individual needs and abilities. The School also has its own Pentslhlon Club whith is open to the local ¢ommunity. Th8 Club is a member of Pentathlon GB and Triathlon England arKI is primarily aimed at chiklren and young adults from 6 to 19 years old who are inter8St8d in combining the sports of M¢xlem Pentathlon and Triathlon. The club aims to provide general fitness through multi-discipline Iraining and events and provides the opportunity for èveryone to have a go. Al levels are catered for. frcrfn ¢ompbet& novic8s lo those Competi￿ nationally and internalionally, as part of Team GB. More Inf￿mation is available on the Sthool's websit8. ACCESS The Govemrs operate a Scholarship and Bursaries Policy. details of which are published on the School's website. This is designed to enable access to the School for talented pupils who would benefit from an education at Leweston. SGholarships recognise academic ex￿llen￿, music, sport. art. drama and equestrian achievement and potential and may be supplemented with mèans-tasted bursaries with the objective of trying to ensure that those children who would best benefit from a Leweston aducation are able to do so. Once a child has entered the School. and whether or not they have a scholarship, th8 School may provide means-lested bursaries if a pupil's continuing education becomes al risk Ihrough financial hardship. A limited number of bursaries available on enty to Leweston in ￿SeS Whe￿ pu￿.IS do not meet the requirements for a scholarship. In the year to 31 July 2024 the total value of scholarships and bursaries was £1.421,231 and 288 pupils benefiled in some way from awards. The School continues to give support to its pupils and to facililate open access in many other ways. These include the provisicin of a Leaming Support Department in both the Senior and Prep Schools which support pupils wilh individual needs. predominantly dyslexia. Leweslon prides itself on an educational exp8rienc8 that realises every Child's potentkal b8 it in the classroom. sports field, concert hall or studio. EDUCATIONAL PERFORMANCE Key Slage One 930/0 of Leweston pupils reached expected or above in English wtth 31 % exceeding the expected level. 92 % of Leweston pupils ￿ached expected or above in Maths with 15 % exceeding the expected level. 100¥0 of pupils ￿ached Ihe expected level or alx)ve in Science. Leweston School Trust Report of the Governors (induding statement of Govemors. resp)nsibilities) For the Year Ended 31 July 2024 Key Stage Two 79°/o of Leweston pupils reached at least the expected level across all areas of the curriculum versus 61 % nationally 74 % of Leweston pupils reached at least the expected level in English versus (Reading 74%). (Writing 720/0) nationally. 8°/0 of Leweston pupils exceeded the expected level in English. 85 % of Leweston pupils reached al least the expected level in Maths versus 73Yo nationally. 230/0 of Leweslon pupils exceeded the expected level in Maths. 85 % of Leweston pupils reached at least the expecled level in Science versus 810/0 nationally. GCSE The GCSE results received in 2024 V￿re for the eighth year running impressively higher than those seen nationally, with the lop grades (7 to 9) remainirvJ Iw1￿ the national average. Whilst the pass rale across England, Wales and Northern Ireland was 67.6%, at Leweston close to 1￿% of all entries were awardèd Grades 9 to 4. Over a quarter of all grades re¢eived were 8s and 9s. with just under half in the 7 to 9 bracket {equivalent to A"_A). Once again there were some impressive individual results. 11 pupils gained an outstanding 59 grade 9s. 34 grade 8$ and 25 grade 7s between them with one pupil achieving 10 grade 9s. 1 grade 8 and 1 grade 7 alone. Over two thirds of all grades in History. Compuler Scien¢8. Chinese. Fine Art, Music, Geography and German were grade 9 to 7 whilst in Further Maths. Latin and Texliles over half of all grades 9 to 7. More information about the School's GCSE re5uIt5 is available on the Sct¥)ol w8bsite. Leweston School Trust Report of the Govemors (induding ststement of G)ve[￿rS. responsibilitTr8s) For the Year Ended 31 July 2024 A Level In 2024 over a third of all students gained at least one A" or A grade and seven pupils received a very impressive 12 A"s and 8 As between them. Once again. the sludents undertaking the Extended Project Qualification (Epa) achieved fantastic results with 75% A" to A grades. The Creative Arts have had an outstanding set of results, across Music, Drama. Fine Art, Textiles and Photography pupils gained 12 A. and A grades and 92% of all results were A" to B. As a Tesult. one student won a place to study PerfoMan￿. Design and Practice at Central St Martins wth another tsking up a sthlarship to study at the Royal School of Music. Across cohort students will be leavsng to lake up places at the Universty of Cambrhjge, the London School of Economics, Exeter. Cardiff. Sheffield. Manchester, Birmingham, University College London. Reading, Birmingham arKI the Royal Agricultural College on courses induding Biomedical Science. General Engineering, Economics, Music, Philosophy. Liberal Arts and Games Technology. We have also seen an incr8as8 in applications to more vocational courses with students leaving lo read Criminology with Policing, Sports Coaching, Agricultural Business Management. and Consumer Behaviour and Marketing. In addition to this. one student has been accepted into the Walsh School of Foreign Service at Georgetown University in Washington DC lo read International Economics alongside joining a D1 athletics programme to run Track on a comprehensive ath￿ticS stholarship. To see the 2024 de5tinalions in full visit the Sch(x)I website. ACHIEVEMENTS AND PERFORMANCE Leweston was sh¢)rtlisted for Independenl School of the Year for Student Careers and Independent Prep School of the Year in the Independent School of the Year Awards 2024. Year 12 students attended a Particle Masterdass at Swansea Universty to learn about antimatter. laser cooling, and how to find the Higgs Boson. A Year 11 pupil achi8V8d the South West Best in RegM)n certificate for the UKMT (United Kingdom Mathematics Trust) Maclaurin Olympiad 2024. Dr Geoff Smith MBE, Chair of the UK Malhs Trust, wrote to congratulate her on an exceptional achievement. In the Junior UKMT Mathematics Challenge the pupils achieved a total of 16 Bronze, 12 Silver. and 1 Gold award. A Year 11 pupil was one of the ten winners of the Simon Powell Poetry Prize. a national competition organised by'Poelry LI￿.. The prize came with the invitstion to read the poem in front of hundreds of GCSE students at a 'Poelry Liv8, event aTrJ attend a writing workshop hosted by the acclaimed poets, Daljit Nagra and Imtiaz Dharker, at the Barbican. London. A Year 8 pupil also reached the finals of the ISA Poetry compets'tion. Year 8 pupils achieved 22 Bronze, 15 Silver and 16 Gold Leweston Leamer Diploma awards. Pupils entered the U14 Mixed Dorset Schools Touch Rugby Competition fof the first time. qualrfwng for the Touch 2 Twickenham Finals Day. Sixth Fom) st￿jentS participated at the final event as referees. Pupils from Years 7 to 9 participated in the sclK)ol's first Cficket Tour. Staff and pupils ￿lebrated multiple victories in the Sh8rborne County Fair Dragon Boat Races claiming the Bronze medal in the Senior ￿tegory and Gold and Silver for the wpils. This is an annual event which is much enjoyed by the school comrnunity and raises money for local charities. Produced by Albert Goodman LLP 10 Leweston School Trust Report of the Governors (includiro statement of Govemors. responsibilities) For the Year Ended 31 July 2024 Pupils competed in the North Dorset School's Swimming Gala tsking Year 7 Gold. Year 8 Gold. Year 9 Bronze and Y8ar 10 Silver medals. wlh an overall Silver. One Prep S pupil won the IAPS 50m Breaststroke Gold. One Year 8 pupil qualified for the Dorset County Swmming champic￿sh1ps. 6 Leweston athletes became national rnedallists at the ISA National Athletics Championships in Birmingham. One Prep 6 pupil claimed discuss Gokl at the National Prep School AlhletiGs Championships with another taking Silver in the shot put. The U13 Boys became Division Two Dorset Tennis Champions. The U13 Boys cofflpeted at the ISA Hockey Championships reaching the final and finishing as ISA National U13 Boys Hockey Silver Medallists. The U14 Girls. Hockey Team were crowned Dorset County Champions at the Dorset County fber 2 Tournament. Their perfomiance earned them a place in the highly competitiv8 South West Regional ChampK)nships. Th8 U15 Girls, Netball team placed 3rd in the North t)orset Schools, Netball Toumament and qualified for the Dorset County Tournament. Pupils from Years 10 to 12 travelled to Malaysia to parlicipate in a Netball tour playing several games again$1 local schools. The U11 crew represented L8weston Prep at the IAPS National Sailing Regatta, the first competitive regatta for our pupils. Prep 6 completed RYA courses at RocWey Watersporls in Poole. Most studants completed the Stage 1 course at Poole Park. while four students (inclLKling one from Prep S) successfully finished the Stage 2 course. completing it with 100% success. A further group of more experienced sailors tackled the intermediate 'Start Racing, r￿urSe at Rockley Point ach￿ving their certification preparing for the Dorset Primary Schools Regatta. Prep 5 pupils partscipated in the tsvo-day IntrOd￿tOry RYA Stage 1 course at Rocklels Poole Park. Seven sailors travelled to Poole to participate in the 'Dorset Primary School Games Sailing Regatta. achieving a joint third place overall. 10 students represented Great Britain at the European Biathle. Trialhle. and Laser Run Championships in Madeira. The GB team topped the medal table in all three competitions. One Leweston athlete {Prep 6) was crowned European Champion in the U13 Biathle. and Laser Run and won Gold in the mixed Triathle arKI Laser Run relays, team Gold in &athle and Silver in the Triathle and Laser run. A Year 11 athlete took U17 Bronze in the Triathle and team Gold in the Triathle aThJ Laser Run. A Prep 4 athl8t8 achieved U11 team Gold in Triathle and Silver in the Laser Run girls relay and a Prep 4 pupils took U11 Silver in the Laser Run boys. relay. 6 students from Leweston Prep and Senior School travelled lo Bali to Competè in the World Biathle and Triathle.In the U11 girls, one athlete finished Ihe Trialhle with GB team Silver and in the U17 category another took individual Bronze and team Silver. In the Bk2thle the U17 boys formed part of th6 GB Silver t8am. Leweston alhlet8S took part in the Otympic Hopes Modern Pentathlon event in Poland as part of a GB squad. One athlete won th8 U17 8V8nt. an arna￿n9 achievement in an intemational Competition which sets him on the path to the Los Angeles Olympics in 2028. 42 athletes from Prep 3 to Year 13 competed in the Natvjnal Schools Biathle with two National Champions in Prep 6 and Year 10.Al the South West Laser Run Leweston won 4 Gold. 5 Silver and 6 Bronze medals in individual events and 5 Gold arKI 2 Silver medals in team competitK)ns. Leweston's Intemiediate Team were wwned NaI￿al Champions at the National Schools, Shooting Championships, for the third year in a row. three athletes finished with Gokl. Six fencing students qualified for the regional leam for the National Epee Championships in Sheff￿ld. Produced by Ajbert Goodman LLP Leweston School Trust Report of the Govemors {induding stalement of Govemors. responsibilities) For the Year Ended 31 July 2024 Four tearns from Leweslon Prep took part in Ihe Restless Development Schools Triathlon at Bryanston School. The Prep 4 boys secured Ihe 2nd tM)silM)n being the Top Fundraisers. During the Spring Term, Leweston made history hosting the UK'S first Penlathlon with innovative Obstacle Course RaeAng (OCR) format. 13 riders attended the NSEA National Championships Eventers Challenge and National Inter-county SJ and Dressage Championships al Hickstead achieving them most impressive results in years in¢luding 4 National Champion tstles and 16 qualified indivKluals. Pupils took six team victories al the NSEA Grass Roots and Regional Points League Show jumping Competition. At the Dorset County Show Jumping Championships the show jumping team swept the board winning all the individual and team tilles. Leweslon riders went to the Moreton EC NSEA Dressage County Qualifiers for Dorsel and also taking part in the Eventers Challenge Qualifier happeniTrJ in the adjacent arena. We two teams qualrfied to ￿present Dorset at the prestigious National County Dressage Championships. At NSEA Hickstead Leweston ri(lers became Nalb)nal County Show Jumping Champions in the Intermediate 190-95cm). These National Championships are the always competitive and only qualified teams arKI Individuals can compete. Leweston has won a Team National Title for thr& years running and by taking so many top eight placings, it was the school's best results at Hi¢kstead. One rider retained her Nalional Open SJ title and another won the National Hate Prelim litle in the NSEA National Schools Champvjnships at Addington. Senior pupils perfomied Les Miserables lo a pad(ed theatre for three nTrghts and the KS3 pupils performed Chrislmas Pantomine Cinderella. Two students and the Director of Music travelled to Rovinj. Croatia to atteThJ the highly anli¢ipaled European Douzelage Annual General Meeling representing the UK a5 delegates al the Youth Meeting. Members of Schola Cantorum perfomwd in Destination Opera's production of Mozart's Idomeneo in Sherborne Abbey with two instrumentalists playing in the orch8stra alongside professional musicians. Members of Leweston Choral SoGiely. Schola Cantorum. arKI guests joined a workshop on Matthew Coleridge's R8quiem. led by the Composer himself before performing th8 Pl8ce in full. Michael Partingion. worfd-renowned classical guitarist. wnducted a maslerdass for some of our talented guitar students. Two Sixth Form musicians aCh￿Ved ABRSM Diplomas with one reaching the ISA Young Musician Final. 6 leams completed Ihe Duke of Edinburgh Silver Award. Thre8 pupils altend8d the Gold Duk8 of Edinburgh Awards at Buckingham Palace. The Leweston team the 45 mile Ten Tors thallenge across Dartmoor. Year 13 raisad £6,398 for the Rainbow Child￿n.$ TrusL As part of our innovative Sixth Fonn LEaD {Leweston Enrichmenl and Developmenl) programme. Year 12 and 13 were givan the opportunity to work with Ihe London Inlerdisciplinary School. A group of pupils from Years 11 to 13 travelled to Nepal lo visit our sister School. Jana Jyoti. Leweston was shortlisted for the 'Best Use of Aud￿, Category in the SdKJol Stories Awards 2024 for the Leweston V¢ices Podcast and won the Access Project Award for our Peer Mentoring 'Buddy' System. Lewèston welcomed Sir Matthew Pinsent. Lord Mark Sedwill and George Stiles to speak as part of our Leweston Lecture programme. GOING CONCERN The financial statements have been prepared on the going concem basis whith assumes that the School will continue in operational existen￿ for 12 months from the date of approval of these financial statements. Produced by Abert Goodman LLP 12 Leweston School Trust Report of the Governors (induding statement of Govemors. responsibilities) For the Year Ended 31 July 2024 At the balance sheet date, the Sdwl had net current Irabilities of £2,719,256 (inclusive of £250,000 of short- temi loans). Creditors falling due in more than year include othar loans due to the Funding Group of £3.865,253. The Govemors have prepared projected cash flow ft)reGasts for the period to July 2026 which show that the School is expected to have SLrffi¢ienl available cash for 12 monlhs from the dale of approval of these finan￿al statements wilh the continued support of an existing funder and the School securing third party funding which the Govemors expect to have finalised before tt)e commencement of the 2025 Autumn temi. Achieving the forecast cash ftows is reliant upon maintaining existing pupil numbers. on-going funding and third party funding being in plarR, athieving target numbers in future years and on-going cost efficiencies. Although they recognise that inherently there can be no certainty in relation lo these matters. the Governors are confident that the Sch¢xJI will meet these targels and remain within its projected cash flow forecast. Following the VAT changes announced by Ihe Govemment in 2024. th8 Govamors ara considering options including th8 most appropriale legal struclure for the School which may have an impact on which legal entity the School Irades through. This is not expected to impact the education provTrded by the School but may result in changes to the group in the future which has not bèen concluded on at the date of approving these financial statements. On this basis th8 Govemors hav8 conduded Ihat the ScTrKol is a going ¢oncem. The financial statements do not include any adjustments that would result from the SchTr)I nol being able to meet its liabililies as they fall due. FINANCIAL REVIEW AND RESULTS FOR THE YEAR The School recorded an operating deficil of £486.900 (2023 surplus.. £30.277). Since Juty 2023 the School has maintained ils numbers at 615 which is near capaaty. With the growth in pupil numbers the position of the School moving forward is positive. The pupil mix continues to evolve providing new income streams from a more diverse range of pupil types. The School, and the industry generally. is facing significant cost increases in relation to many of the goods and Se￿iceS it purchases, including, for example. energy costs and food. This is on top of the changes to legislation and the imposition of VAT and removal of charitable business rates relief. Against this backdrop, the Governors made the decision to increase fees slighuy ahead of current inflation, combined with several cost saving measures that maintain staffing levels. pupil experience and parent engagement but raduca some ancillary elements that do nol contribute tr) the overall product. Freehold land and bulldlngs The School continues to invest in the land buildings whilst mindful of our Grade 1 and 2 Listings. Anclllary and Tradlng Income The Trust has a wholly-owned subsidiary, Leweston Enterprises Limited (°Leweston Enterprises.), which prowdes leisure and letting facilities to Ihe pupils and staff of Leweston Schcrf)l. to the local community and to the general public. ReseNes Pollcy The School holds reservgs both restricted and unrestricted and an endowment fund. The School's policy is that unr8Strict8d reserv8s should not be accumulated from year to year. unles5 for a Specif￿ capital project., Produced by Albert Goodman LLP 13 Leweston School Trust Report of the Govemors (including statement of Govemors. responsibilities) For the Year Ended 31 July 2024 any surplus generated is invested in developing the buildings and resourc8s of the ScfM)ol. The Twst's unrestricted funds are a result of the revaluation of the larKI arKI buiklings al the year-end. Romuneralion Poliey The Governing Body lakes into consideration Ihe recommerKlations of the F&GPC when agreeing annual budgets for staff remuneration. Academic stsff salaries are reviewed annually in the light of nationa5 awards to take effect from Isl September. Support Staff are reviewed annually looking at govemment changes and market rates for specific roles. ACCOUNTING AND REPORTING RESPONSIBIUTIES Statement of Govemors. responsibililies The Governors Ivtho are directors of the Leweston Schts)l Trust for the purposes of company law) are responsible for preparing the Report of the Governors and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. ind￿ling Financial Reporting Standard 102. the Financial Reporting Standard applKalk in Ihe UK and the RepubliG of Ireland (United Kingdom Generally Accepted Accounting Practice). Company law requi￿ the Govermrs to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable Company and the group and of the incoming resources and application of resources. induding the in¢ome and expenditure of the charitable group for that period. In preparing these financial statements. the Govemors are required to.. Select suitsble accounting FX)licies and then apply them consislenuy" Observe the methods and principles in the Charities SORP" Make judgements and accountirvJ estimates thal are reasonable and prudent,. Slate whether appliGable UK Accounting StaThJard have been follow8d, subject to any material departures disclosed and explained in the financial ststements, and Prepare the finanoal statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The Govemors are responsible for keepirKJ ad8quate accounting reccfds that disclose with reasonable accuracy at any time the finanoal position of the charitsble rnmpany and 8nabl@ them to ensure that Ihe financial statements comply with the Companies Act 2006. They ar8 also responsible for safeguarding the assets of the charitable company and the group and hen￿ for taking reasonable steps for th8 prevention and detection of fraud and other irregularities. The Govemors are responsible for the maintenance artd integrity of the corporate and financial infomiation included on the charitsble cornpany's website. Legislation in the United Kingdom governing the preparation and disseminalion of financial stalements may differ from legislation in other jurisdictions. Pr￿￿Ced by Albert Goodman LLP 14 Lewaston School Trust Report of the Governors linduding statement of &)Npmots' responsibilities) For Ihe Year Ended 31 July 2024 Statement as lo dls¢losure to our audlt4)rs In so far as the Govemofs are aware al the lime ol approvmg our Govunors. annual report.. Theie is M relevant infomation, berw inforniation needed by the auditor in conTrecknon with preparing their report of whKh the group's audilor is ￿8vraTe,. and The Governors have each taken all steps that w 0￿jh1 to have tak￿ to make themselves awaie of any relevant audit informatx)n aThJ to eStab￿h Ihat the a￿jItOr is aware of Ihe N)formation AUDITOR The audrtors, Albert Goodman LLP, are deemed to be reappourted urKler seGbon 48712> of the Companies Act 20C6. Si9nad on behalt ofthe Governors on ........ . . Chair of vernors". Mr lan Luca5 Company secret￿.. Miss Clair sley Produced by Albert Goodman LLP 15 Leweston School Trust Independent Auditor's RepiNt on thè Financial Statements For the Year Ended 31 July 2024 Oplnlon We have audited the financial statements of the Leweston SchoL4 Trust for the Year Ended 31 July 2024, which comprise the consolidated Statement of Financial ActNilies, the consolidated and parent charitable cornpany 8alance Sheets. the consolidated Statement of Cash Flows, and Notes to the Financial Statements. including a summary of signthcant accounting wlicies. The financial reporting framework Ihat has been applied in their preparation is apph'cable law arKI Untted Kingdom Generally Accepted Accounting Practice. including Financial Reporting Standard 102: The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (Uniled Kingdom Genwally A¢￿pted Accountir¥J Practice). In our oplnion the financial statemenis: give a true and fair view of the state of ihe group's and the parent charitable company's affairs as al 31 July 2024, and of the group's incoming resources arKJ appI￿ation of reSoUr￿s. including its income and expenditure, for the year then ended. hav8 been prOpe￿Y prepared in accordancè ￿th United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance the requirements ￿ Ihe Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Slandards on Auditing (UK) (ISAS {UK>I and applicable law. Our responsibilities under those standards we further described in the Audilorfs responsibilities for the audit of the financial statements section of our report. We ar8 independent of the group and parent charitable company in acc(Kdance wth the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Etrmcal Standard. and we have fulfilled our other ethical responsibilities in accc*dance with these requirements. We believe that the audTI evidence we have obtained is suffiaenl and appropriate to wowde a basis for our opin￿n. Malarial uncertalnty relating to going concern We draw your attention to nots 1.2 of the financaal statements which indicates that the School's ability to continue as a gcHng concern is dependent on the Schcd cotaining third party funding and remaining wilhin the projected cash flow forecasls. As ststed in note 1.2. these coThJitions indicate that a material uncertainty 8XiSts that may cast doubt on the School's ability to continue as a going con￿rn. Our opinion is not modified in respect ol this matter. Produced by Alberl Goodman LLP 16 Le¥￿st0￿ School Trust Independent Auditor's Report on the Financial Statements For the Year Ended 31 July 2024 Other inforniation The GoverrK)rs are responsible for the other inf￿natIOn. The other 1nftyMat￿n comprises the infomiation included in the Governors, Report, other than the finanaal statemenls and our auditorfs report thereon. Our opinion on the financial statements does not cover the other inf0M￿li0n and. except to the extent otherwis8 explicitly slated in our report, we do not express any form ol aSSUrar￿ conclusion Ihereon. In connection with our audit of the finan(?al ststemenls. our re¥)onsitMIty ts to read the other informatvjn and. in doing so, consider vthether the other information is materially incA)nsistenl with the financial statements or our knowledge obtained in the audit or othepwise appears lo be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are required tr) detemiine whether there is material misstatement in the financial Stat￿nents or a material misslatemenl of the other infomiation. If. based on the work we have performed. we conclude that there is a material misstalem8nl of this other infomation, we are required to report that fact. We have nothing to rewl in this regard. Opinlon on other fflattèrs prascrlbod by tho Companles Act 2006 In ¢wr opini¢)n, based on the work underlaken in the course of Ihe audit.. the infomation given in the Report of the Govern￿5. vthKh indudes the Directors. Report pr8par8d for the Purposes of company law for the financial year for which the financial statements are prepared is consistenl with the financial statements.. and the Directors. Report induded within the Report of lh8 Govemors have been p￿pared in accordance th applicable legal requirements. Matters on which ￿ are roqulred to report by exception In the light of the knowkdge and understanding of the group and parent Ch￿ilable company and their environment obtained in the course of the audit, we have fK)t identified material rnisslalements in the Directors, Report included wilhin the Rewl of the Govemors. We have nothing to re￿rt in resped of following mallers in relalion to which the Companies Act 2(￿6 requires us to report to you rf. in our opinK)n= adequate accounting records have not been kept by the parent charitable company. or relums adequate for our audit have nol been re￿iVed from branches not visited by us: or the parent company financial statements are not in agreement wtlh the accounting rec(ffds and returns; or certain disclosures of Govemors. remuneration spe0r￿ by law are not made.. or we have not received all the infwnation and expkinations we require for audit. R•sponslbllltles of Governors As explained more fulty in the Statement of Govem¢ys' Respjnsibihlies. the Governors {who are also the directors of the parent charitsble company for the purp)ses of company law) are resFonsible for the preparation of the financial statements and for being satisf*d that they give a true and fair view. aThl for such internal Control as the Govemors determin8 Is necessary to enable the preparation of finanaal statements that are free from material misstatemenl, whether due to fraud (x error. In preparing the finanual statements. the GoverrN)rs are reswnsible assessing ihe group and parent charitable cornpany's abilty to continue as a going concem. disclosing. as applicable. mallers related to going concèrn and using Ihe going concem basis of accounting unless the Governors either intend to liquidate the parent charitable company or to cease operations. or have rn realistic alternalive bLtt to do so. Produced by Albert Goodrnan LLP 17 Leweston School Trust Independent Auditorfs Report on the Financial Statements For the Year Ended 31 Juty 2024 Auditor's rèsponsibilitiès for the audit of thè financlal slatornonts Our otyectives are to obtain reasonable assurarKe ab)ut whether the financial statements as a vthole are free from material misstatement, v4hether due to fraud or error. and to issue an auditorfs report that indudes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee Ihat an audit conducl8d in accordance with ISAS (UK) viill ahyays detecl a material misslatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be exFeded to influence the eccfflomic decision5 of user5 taken on the basis of these financial stalemenls. A further description of our responsibilities the audfi of the financial statements is IcKated on the Financial Reporting Counul's website at ￿.fr¢.￿j.UklaUditOrSresP0￿Slb1llt1es. This description fomis part of our Report of Independent Auditors. The extent to which the audit was considored capable of dotectlng Irragularltiés Included fraud Our approach to identifying and assessing ihe risks of material misslatement in respect of irregularities. including fraud and ncn-compliance with laws and rewlations. was as follows.. the engagemenl partner ensured thal the eThJagement team collectively had the appropriale competence, capabilities and skills to identsfy or recogntse non•O)mpliance with applicable laws and gulalions; we identified the laws and regulat￿nS applicabl8 to the group and parent charitablè company through discussions with Govem¢ys and other management. aTrd from our commercial knowledge and experience of the sector: We focLJsed on specific laws and regulati￿S whth we considered may have a direct material effecl on the financial statements or the operations of the ccmpany, including the Companies Act 2006, taxation legislation, data protection, anti-trxibery. empk)yment. Charity Act 2011 aryl heallh and safety legislation.. we assessed the exlent of ￿MplIance with the laws and reguLqlions identified above through making enquiries of management and inspeding *al ￿rresPondenCe.. and idèntified laws and regulations were comMun￿ated wilhin the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the group and parent chariiable company's financial statemants to material misstatement. including obtaining an underStand￿g of how fraud M￿h1 ¢)ccur. by: making enquiries of management as lo where they considered there was suscEptibility to fraud, their knowledge of actual. suspected and alleged fraud. and considering the intemal controls in place to mitigate risks of fraud and rK)n-compliance with laws and regulations. To address the risk of fraud Ihrough management lyas and override of controls. we.. perfomied analytical pr￿edureS to identty any unusual ￿ unexpected relationships,. tested journal entries lo identify unusual transactions- assessed whether judgements and assumpts'ons made in det8mining the accounting estimates w8re indicative of potential ￿as- and Invest￿jated the rationale behind signfftant or unusual transactions. In response lo Ihe risk of irregularities and nonryccrfnp1lan￿ with laws and regulations. we designed procedures which included. but were not limited lo: agreeing financial statement disclosures to underfwng supporting documentation.. reading the minutes of meetings of those charged wth governan￿., enquiring of managemenl as to actual arKI potential liligation and claims: and Prod￿ed by Albert Go¢>Jman LLP L￿￿$tOn School Trust Independent Auditof s Report on the Financial Statements For the Year Ended 31 Juty 2024 reviewing correspondence viith HMRC. re￿Vant regulators incknjing the Health and Safety Exe￿tIVe, and the companYs legal advisors. There are inherent Itmltations in our audit kyocedures described above. The more r8moved Ihat laws and regulations are from financial transactions, the less likety it is that we would become aware of non- compliance. Auditing stsndards also lim5t the a￿lIt procedures required to identify non