Rgglstered number: 02114440
Charity number.. 296691
STAINES PREPARATORY SCHOOL TRUST
(A company limited by guarantee)
GOVERNORS. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

STAINES PREPARATORY SCHOOL TRUST
IA company1Smltod by guarantst)
cop¥rENTS
Poge
Rèference and admlnlstratlve dotslls of the Company. Its Govemors and advisers
Gov8rnor$' report
Independent audttorfs report on th• finan¢ial statements
Statsment of financlal actlvitl•s
8-11
12
Balance sheet
13
Statement of cash flows
14
Notes to the financial statements
15-30

STAINES PREPARATORY SCHOOL TRUST
(A cornpany Ilmited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS GOVERNORS AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Govemor5
Mr R F Adams
Mr A AU(inson-Young (appointed 27 November 2024)
Mr D Brown
Mrs S J Cauifield (resigned 23 January 2024)
Mr M Graham, Vice Chairman
Ms S Gill (resigned 19 March 2025)
Mr M R Hall. Chaiman
Mr D G M Harry (appointed 27 November 2024)
Mrs V L Siatham lapw)inled 27 November 2024)
Mr G Want (resigned 19 May 2024)
Mr B R Wassell {appointed 23 June 2023, resigned 15 November 2023)
coM￿nY reglstored numbor
02114440
Charlty reglstered numbgr
296691
Registered office
3 Gresham Road, StsinewpoTrThames, Middlesex, TW18 2BT
The Headmlstress
Ms S Sawyer
School Business Manager
Mr J E G Philpott
Independent audltor
James Cowper Kreston Audit. Reading Brithje House, George StreeL Reading, Berkshire, RG18LS
Bankers
Lloyds Bank ￿c. PO Box 2593. Reading, Berkshire. RG12ZH
Solicitors
Barlow Robbins. The Oriel. Sydenham Road. Guildford, Surrey. GU13SR
Page 1

STAtNES PREPARATORY SCHOOL TRUST
{A company limlted by guaranteo
GOVERNORS. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Governors present thelr annual report l(YJether Trmlh the audlted financAal statements of the Company for th9
period 1 September 2023 10 31 August 2024. The annual report seNes the purposes of both a Govemors. report
and a directors, report under company law. The Govemors cL)nfirni that the annual report and fi'nanaal
statements of the charitable company cornply with the current statutory requirements. the requirements of the
charitable companls goveming document and th& provi5KJns of the Statemenl of Recommended Pradce
{SORPI applicable lo charities preparing their alxounts in accordance %wth the Finanual Reporting Stsndar(S
applicable in the UK and Republic of Irelarnl IFRS102) leffeclNe 1 January 2019}.
Objectives and a¢tlvitie$
a. Govornan
The goveming document of Starnes Preparatory Sch￿1 Trust the Memorandum and Artides of Association
dated 23 March 1987.
The Trusl endeavours to ensure the Board is comprised of Govemors with the widest possible range of skill sets
lo thè extent that when a Govemor steps down another person wtth similar skills is sought.
New Govemors 8re proposed by membeTS ofthe existrng Board and are elected at fijll Govemors, Meetsngs.
Rotstion of the members of the Goveming Brxly is dealt wth under ￿tiCle 33. which states..
'Al the first Annual General Meeting of the Trust and at the Annual Meeting in every subsequent year on&third of
the Govemlng Body for the time being. or. rf their number is not three or a multiple of three, then the number
nearest lo one•third. shall retire from office. The members of the Goveming Body trj retire in every year shall be
those who have been longost in Offi￿ Sin￿ their last election. but as between persons who became members of
the Governing Ba￿ on the same day those lo retire (unless they otherwise agree among themselves) be
determined by lol. A retiring member of the Goveming B(Mty shall be eligible for ￿lection.,
The Board regulady ￿￿ewS the skills mix of the Govemors and identifies any gaps to ensure the expertise of the
Board remains approprrale. Any potential Govemors are interviewed by the Chair of Govemors lor a delegated
(￿rrent Governor) and the Headmistress. New Governors attend in-house training and may also allend
seminars and workshops organised by professtonal L￿dieS.
b. Arrangements for setting pay and remuneratlon of key management personnel
Remuneration of the Senior Leadership Team Is undertaken annually by the Remuneration Committee. Any
salary award Is made with due regard to perf0mlan￿ management outcomes. and the wider context within th8
sector.
c. Organisatlonal Stru¢tUTe
The Govemors {who are also Diredors for the purposes of the Companies Act). detemiine the policies of the
School al Ihe termly Meeting of the Boafd of Governors when the reports of the various Sut￿comMitteeS are
reviewed.
The School h8s slx sub committees which report into the Main Board. These are EducAtion', Stsffing" Property..
Marketing: Bursaries. Fees and Scholarships" and Finance and General Purposes (ommlttees. Al have their
own terrns of reference under which they operate.
The Sch(K)l operates under the supeNslon of the Governors with the Headmistress and the Bursar responsible
fDr the da￿tTrdaY organisation and Ope￿tion.
Page 2

STAINES PREPARATORY SCHOOL TRUST
{A company Ilmlted by guarantee)
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Obl•ctlves and activiti•s (continued)
d. Charftable Objects
Our stated thari13ble objects are.. to promote arKI provvje for tho advanr£menl of education of children in th8
United lQngdom and elsewhere.
This is based on the four prinaples of the founders- a knndly approach to children.. a love of leaming., an ethnical
diverse communlty. and a non-academically selective entran￿ policy. The School also has a policy of reviewing
fees and the bursary policy lo allow ac￿$ to Ihe wdest WJ5sible cross•section of the community.
6. The ￿m$ of the School
Education, personal development. and communtty and the vmder world are the key areas that undeTpin the aims
of SPS. Through these locus areas. the School erKo¥Jrages each child to attain their full potential through a
broad and balanced curriculum, provides an environment which promotes the pefsonal and sodal development
of each child and develops an understanding of communty and the wider wortd.
The children are encouraged to fuffil these aims through the'stsines Prep Way, a moral code which encourages
children lo li51en.' share", forgive.. be kind: respect others" be sfjur best" and be honest.
f. Oblectlves for the Year
The main objective is, and has ah¥ays been. to put Ihe children at the centre of all we do regardless of the
department within the School, through the continuing development of high 8￿￿￿tional standards and results.
Each year the stsff write a School Development Plan, and key objec*ves this year include:
Raise all teaching standards towards 'outstanding'
Develop sell-evalualion and identification of futUTe areas of cuthculum development
In addition to maintsining the high educational standards, build on the deVe￿prnent of posltlv8 phyEical
and emtional wellbeing
Explore feasibility aspects of the Schwl's strategy to evolve
g. Charltablo Status
The Govemors ￿nriMi they have complied wiEh the duty in S17 of the Chartlies Act 2011 to have due regard to
the Charity Commission's guidan￿ orb Public Benefft. To that end we offer a signifioznt number of awards from
our Burges Bursary fund and we offer a minimum of 200 hours of (yjmmunty use to local groups at tho lower
communty rate. This is in addition to the preferential rdte charged to The Gap Club, a local holiday club provider
which serves the whole community.
As an educational charity the parents and pupils have the assurance thal all of the income of the School is used
for educational purposes as described by the objects of the tharity.
As a tharity the School benefits fr(*n some tax exemptlons on ils educational actiwlies and investments and until
1 April 2025 was entitled to an 80% reducbon on business rates on all properbes used for Charitable purposes.
These financi￿ benefrts allow us to sustain a butsary policy that enable5 children whose families would not
otherwse be able to aff¢yd the fees lo ben&fit fr(Kn a Staine5 Preparatory School education.
Page 3

STAINES PREPARATORY SCHOOL TRUST
(A company Ilmlted by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
ObJ8ctlves and activities Icontinu8d)
h. Burg05 Bursarles
Burges Bursary awards are available lo pupils on entry lo the School and to r81ieve hardship where a current
pupil's education would be at risk due to a substantial drop in family inwme. for example. through redundan¢y.111
health or bereavement. All awards are means tested and a number of factors are considered, including family
income and expenditure. investrnents. Sa￿Thj$ and family Car￿mStances.
In 2023124 the Schwl awarded 13 imjrsaries at the beginning of the financial year and also prDvided
additional bursaries for families who had experienced Significant family changes.
However, Stsines Preparatory Sch￿￿ does r￿t have a large endowment fund and, consequently, the School is
mindful of the balance that needs to be struck be￿een setting fees that are affordable to a wide cross section of
the community and provkllng the widest possible a¢￿$ through bursaries.
Infomialion aljout Burges 8uTsari&s is available C￿ wuest arKI on Ihe Sch￿1 webslle.
l. Use of Facilities
The School welcoffles kjcal youth sports teams to use its facilities which enables the children lo benafrt from
coaching throughout the ￿ar.
We have established links with lo￿1 groups such as sports. amateur dramatics and fitness groups wtrv) make
use of our large multt-purpose hall. as well as our outdoor fa￿l￿es. Preferential hire rates are gwen trj local
groups to offer aC￿sS of our fa¢ilttses to the widest possible cross Secti￿ of the Community- The Gap Club
provide holiday camps for tth pupils at the school and those from the local community.
In 2023124 we let our facilities to Ihe community at a k)wer rale for 235 hours.
a. ￿hieVeMents and Performance from th• S¢l)ool'$ Review of the Y8ar
This ￿r we provided 172 dayE of leaming whk* excseds expectations within the IndepeNJent Sector.
Fees were increased for this atxdemic sear as planned. and this still ¢￿erS hot lunches. trips and visits, as well
as all books and ststionery being induded.
The Governors and Leadership Team of Staines Prep remain committed to providing high quality leaching and
excellent faolities. In addition. the children benefit from specialist teaching throughout the School in 8 number of
sublect ar&as.' English, Drama. Maths, Suence. F￿est Schooling. Cornputing. FrenchlSpani$h, History,
Geography. Classical Studies. Art. Deslgn and Technd(wJy. mus￿. Religi¢ws Educatton. Games and Physical
Education.
In keeplng its non-selective policy, SPS provided for pupils with a wde range of abilities through small class
sizes, Leaming Support Assistsnts. indmdual needs leS￿)nS, and inteNention support groups where required.
The extemal 11+ examination results were again eXt￿lI0nalty impressive. Pupils received 22 offers of a
Grammar Schod place lout of a cohort of 491. despite the fact Ihal some of the pupils did not sit them as their
parents wished them lo remain within the independent secliK. This 1$ a tremendous figure. especially bearing in
mind the increased competition for grammar sch￿[ pla￿$. The results for the independent schools were also
strong with pupils gaining places at 8 varw of highly selectNe and selectiva senior schools. Twenty
Scholarships were offered this year.
Page 4

STAINES PREPARATORY SCHOOL TRUST
IA company Ilmlted by guaranteo)
GOVERNORS. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Icontlnuod)
The School prepares pupils for 11+ examinations by using both our own assessment procedures as well as
extemal assessment using ISEB, GL Assessments. Our assessment levels a￿ now based on slandardlsed
scores 8nd are often more useful and relevant than raw data as they offer a number of opportunities for different
comparisons lo be made. The rasults are Checked against a national sample, providing a greater insight into the
pupil's perfom)ance in the examination. Furthermre. it also takes into account the age of the child on the day of
the lesL Our results were exceptionalty impressfve.
Charities- 2023-2024
Our Harvest Festival donated food to Manna Fcth BanK a local tharity based in Stsines-Upon-Thames. For our
fiTSt Mufti Day of the year. we asked families to bring in tinned gLx)ds, whith were also donatsd lo Manna Food
Bank. The following sums were also rdised for charitÈes:
Jeans for Genes mufti127.09.231- £222.10
Macmillan coffee moming105.10.23}- £419.86
Save the Children111.01.24}- £93.57
Littl& Hearts matter {09.02.24)- £284.07
Brilish Hgart Foundation {01.03.24)- £406.
Our Lady of the Rosary School- school Msit {18.03.231- £50.C
Macmillan Cancer Care124.04.24)- £73.45
Action against Hunger124.04.241- £73.45
The British Red Cross124.04.24)- £73.45
People Against Poverty124.04.24)- £73.46
Manna Food Bank {15.05.24}- £58.35
Brian Tumour Research {15.05.241- £229.00
Teddls Wish119.08.24)- £421.44
We held our annual Award ond Celebration Evening in the Peter Roberts Hall. Pa￿nts were invlted lo ottend.
Awdrds were given in the fdlowing rategories:
The Staines Prep Way- for demonstrating the values ofthe Staines Prep Way
The WhitakeT Award for Mathemalics
The Miles Award for English
The Concord Prize for Achievement in Science
The Humanities Award for Geography. History and R E
The Oliver Griffin Award for Linguistic Athleven￿nl
The Russell Awar(J for Performing Arts
The Art and Design Award
The Computing Award
The Derek Taylor Shield - the boy and girf who have given the most in ternis of effort and chardcter
The Lemon Trophy for Greatest Contribution to Sport
The Endeavour Award
The Cox Award
The 'Frf8nds of Staines Prep" ran the Someone Speaal Gifbng Rooms whlth is not a profitmaking event, but
very popular wth the children. They also prowded a hugely su(xessful refreshment stall at Sports Day.
The 'Burges 8ursary FuThY' continues to bo a key part of (w charitable 8cbvty. Many children have benefile¢J
from the help that we c*n offer and we (*ntinue to invite awlilxtions from th¢)se who seek our supwjrt.
b. Sch¢)ol Improvamgnts
The school upgraded the Aud￿ & Vtsual equipment in the Pet8r Roberts Hall and a150 upgraded lighting across
the sthool.
Page 5

STAINES PREPARATORY SCHOOL TRUST
IA Company limited by guaranleg)
GOVERNORS. REPORT ICOPtnNUED)
FOR THE YEAR ENDED 31 AUGUST 2024
. Financial roview
The Trust has receNed income of £4.094.702 duriThJ the year compared wth £3,877.932 in the year to 31
August 2024. Expenditure amounted to £4,070,723 {2023'. £3.862.681) gtwng a surplus of £23,979 12023:
Su￿U$ £15.251). The results are summarfsed on page 12 of the School's accounts.
b. Reserves pollcy
The Govemors have detemiined that the long-term appropriale level of free reserves. drawn from the general
fund, sholsld be equivalent to one temi's expertditu￿. (Approximately £1.357,000}- CUr￿n11Y, free reserves are
£1,361,939.
. Risk Mana￿M￿nt
The Govemors use a number of ways lo monilor the risks facing the school, both from intem81 and extemal
factors. A Risk Audit is carried out annually and monitored and updated throughout the year. This audit takes
account of the School's Charttable Objects. Regulations and Compliance. Govemance & Management, Ex1omal
Infiuences. Operational Issues. Fundraising, HR, IT, Finan￿ and Irrfrastructure. Every suFTrcommlitee of the
Board of Governors considers Safeguarding and Health and Safety as an agenda Item, and these tr)pics are
embedded throughout the school. A major risk focussed on in 2023124 was the changing economic and politScal
landscape affecting Preparatory Schools. An immediate focu5 was placed upon pupil numbers, together wtth
strong finan￿al ￿JdellIng SenS￿vty anatysis.
The key ￿ntr￿S used to manage risk indude:
An annual review of the risks faang the schcKA
GovernoT level monitoring of Safer Recruitment & Safeguarding
Tem)s of Referenc& for 811 suFTrcommittees
A sknlls-based approach lo Governor Recruitment
Formal policies and procedures coveriro all maJor activrtres
Rggular visits from Schrx)l Govemors and involvement in school lrfe
Comprehensive bltdget and rnonrk￿ng procedures
Regular reviews on strategy
Use of external consultants %then necessaryto validate practrse within the schwl. For example, Health &
Safety Audtts.
The School Govemors are continuing lo dosely monitor developments wth regards to key risks from economic
and political sectors and are mindful of the parental base and the tx)tenlial impact of any uncertainty. The school
remains focussed on providing an Independeni EducAtion to the wd8sI possible cross section of the comrnunity,
by balancing this with the fae 18vels raquir8d to maintsin and improve the quality of the education prowded. This
will be done by raising the profil8 of the schty)I, and further strengthening OLtr admissions list. This wll be done
Ihrough targeted marketlng for Nursery. Reception and Year 3 enty.
Looking forward, the financial year ending 31 August 2025 saw the Inlroduc*on of 20% VAT on private school
fees. The school sought to minimise the impact of this utKJn parents by only passing on the n81 cost lo the
school. Thore are limited costs upon whith the school can reojver VAT. meaning that the VAT cost necessarily
passed on lo parents reflected an increase in amounis Payab￿ of approximately 19%. The Governors were
saddened by this Government policy and the finarrial pre&sure it placed upon parents.
The debate, publicity and ultimate inlroductvjn of VAT on school fees placed a significant burden upon the sector
and created great uncertainties for parents considering eniering or remaining in the private school sector.
Slaines Preparatory Schwl was not immune lo these uncertainties. Whilst numbers remained satisfactory in the
y8ar lo 31 August 2025, there ￿11 be a reduction in pupil numbers entering into the year ended 31 August 2026.
The school's approach to sound and prudent finanaal managemènt means that the cost of this reduction in pupil
numbers will be met out of retained reseNes whilst the sd)ool continues to rebuild numbers going fr>rward into
the year ended 31 AugLtst 2027 and ensuring the prudent approach to cost and financial management remains in
place.
Page 6

STAINES PREPARATORY SCHOOL TRUST
(A company Ilmlted by guaranteo)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
The Govemor5 review finarrial forecasts. including S(￿8110 planning. on a regular basis and are committed lo
taking the necessary steps to ensure that the ITUSI remains able to continue to deliver the School's mission and
aims in delivering high quality edu(3tion to a wtde a demographic as possible.
Statem9nt of Govemors. responsibilltles
The Govemors (who are also the directors of the Company for the purposes of company lawl are responsible for
preparing the Governors. rewrt and the finano>al statements in aw)rdance with applicable law and United
lfjngdom Accounting Stsndards (Uniled KiNJdom Generally Accepted Accounting Practice).
Company law requires the Govemors to prepare financial ststements for each financial . Under company law,
the Governor5 must not approve the finanaal ststements unless they are satisfied that they give a true and fair
view of the state of affairs of the Company and of its inwming resources and application of resources, including
ils income and eXpendi￿re, for that period. In preparing these financAal statements, the Govemors are required
select suitsble ac¢ountiThJ poliaes and then apply them consistently.
observe the methods and princAple5 of the Charities SORP IFRS 102).
make judgments and accounting eslimales that are reasonable and prudent:
stale whether applicable UK Ac￿U￿ting Standards {FRS 102) have been followed. subSect to any material
departure5 disdosed and explained in the financial statements-
prepare the financial statements on the gxng cL)ncem basis unless It is inappropriate lo presume that the
Company wll continue in bJsirbe5S.
The Govemors are reswjnsible for keeping 8dequate accounting records that are sufficient lo show and explain
the Companls transactions and ¢Jisclose ￿th reasonable accuracy at any lime the financial position of the
Company and enable them to ensure that the financial statements comply wth the Companies Act 2(X)6. They
a￿ also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and othar irregularities.
Dl$¢losure of inforniatton to auditi>r
Each of the persons who are Govemors at the time when this Govemors, report is approved ha5 confimied that..
so far as that Govemor is aware, there is rw) relevant au(Jit information of which the tharivs auditor is
unaware, and
that Govemor has taken all the steps that ought to have been tsken as a Govemor in order to be aware of
any relevant audit infomiation and to establish that the charitys auditor is awar8 of that infom￿110n.
Audltor
The auditor, Jarnes Cowper Kreston Audr(, has indicated his willirwjness to continue in office. The designated
Governors will propose a motion reappointing the audttor at a me8ting of the Governors.
Approv
yor
er
fth
bers of the ￿ard of Govemors and signed on their behatl by.
MrMRHall
Chairman
Date..
Is i0￿E loic
Page 7

STAINES PREPARATORY SCHOOL TRUST
{A cornpany limltod by guarantee)
INDEPENDEKf AUD￿OR's REPORT TO THE MEMBERS OF STAINES PREPARATORY SCHOOL TRUST
Oplnlon
We have audited the of Staines Preparalory School Trnst Ithe 'charitable companll for the year ended 31
August 2024 which ¢omprise the statement of financial activities, the balance sheel, the slalemenl of cash flows
and the related noles, including a summary of signtficanl accounting pdiues. The financial reporting framework
that has been applied in their preparation is applKable law and United Ktngdom Accounting Standards, including
Financial Reporbng Stsndard 102 Tr Finanaal Repo￿n9 Standard applicable in the UK and Republio of
Irelanif (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the .
gNe a truè and fair view of the stata of the charilable (a)mpan￿$ affairs as at 31 August 2024 and of ils
incoming resources and applicati￿ of resources, inctthling its inL*me and expenditure for the year than
ended..
have been propety prepared in accordance with Uniled lfjngdLMn Generally Accepled Accounting
Practice.. and
have been prepared in aC￿rdanCe wth the requirements ofthe Companies Act 2CK)6.
Ba$is for opinion
We conducted our audit in accordance wrth Inlemalional Standards on Audrting IUKI IISAS {UKII and applicablg
law. Our responsibilities under those standards are ftjrther described in the Audilorfs responsibilities for the audit
of the secknon of our report. We are independent of the tharitab5e company in accordance with the &thical
requiremen15 that are relevant lo our audit of the in the United Kin￿knM, induding the Financial Reporting
Council's Ethical Standard, and we have fulfilled our olher ethical responsibilities in accordance with these
requirements. We believe that the atjdil evidence we have obtained is sufficient and appropriate lo provide a
basis for our opinion.
Concluslons relatlng to going concern
In auditing the financial slalemenls. we have conduded that the Govemors, use of the going concem basis of
accounting in the preparation of the finantial statements is appropriate.
Based on the work we have perfonned. we have not identrfied any material uncertainties relating lo events or
conditions that, indimdually or collectivdy. may cast signtfi(*nt doubt on the charitable companls ability trj
continu8 as a going LDncem for a peric#Y of al least Iwefve rnonths from Sthen the finan¢ial slalements are
aulhorised for issue.
Our responsibilities and the responsibilities of the Govemors th wpect lo going concem are described in the
relev8nt sections of this report.
Other Informatlon
The other information comprises the infom)ation 1ndL￿ed in the annual report 0th8r than the and our auditor's
report thereon. The Governors are responsible for the other information o)ntained wthin the anrbual rgport. Our
Opini￿ on the does not cover the other inforniation and. ex(*pt lo the extent othe￿iSe explicidy staled in our
rep)rt, we do not express any lorm of assur3￿ (x)ndusion Ihereon. Our responsibility is to read the other
infomiation and. in (Soing so. crmsider whether the other information is malerialty inconsistent with the OT our
knowledge obtsined in the (￿ul$e of the audit. or olherwise appears lo be materially misstated. If we idenlrfy
such matsrial inconsistencies or apparent material misststemenls. we are required lo detemiine whether this
gives rise to a materTal mi5Statement in the ihemselves. If, based on the work we have performed, we conclude
that there Is a material misstatement of this other infomation, we are required to report that faci.
We have nothing to report in this regard.
Page 8

STAINES PREPARATORY SCHOOL TRUST
(A company Ilmlled by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STAINES PREPARATORY SCHOOL TRUST
{CONTINUEDI
Opinion on other matters prescrfbed by the Companles Act 2006
In our opinion. based on the work urbdertaken in the cc¥Jr5e of the audrt
the infomalion gNen in the Govemors. rep(Ml for the finanL?al year for whsth the are prepared is
consistent wth the .
the Govemors, report has been prepared in accordanc* with applicable legal requiremènts.
Matters on whlch we aTe requlred to report by oxcepllon
In the Ilghl of our knovAedge and understanding of the charitable LY)mpany and its environment obtained in the
u￿e of the audit. we have not KJentifi8d materid misststements in the Govemors. report.
We have nothing to report in respect of the following matters in relation to whth Companles Act 2006 requires
us to report to you rf, in our opinion..
adequate accounting records have nol been kepL or retums adeqLSate for our audtt have not been
receNed from branches not wsited by L¢S', or
the are not in agreement with the accounting records and retums: or
certain disdosure5 of Governors. remuneralN)n specffied by law are not mad8.' or
we have not received all thè infomiation and explanations we reqvir8 for our audtt.
Rg$ponsibilitie$ of tru$tees
As explained more fully in the govemors. resFK>nsibilities statement, the Govemors {who are also the directors of
the charitable company for the purposes of company lawl are responsible for the prepar8tion of the and for
belng satisfied that they gwe a true and fair view. and for such intemal control 8$ the Govemors detemiine is
ne￿Sary to enable the preparation of Ihat aro free from material misstatemenL whether (Jue to fral￿ or error.
In preparing the , the Govemor5 are responsible for assessing the charitsble cornpanvs abilily to continue as a
going concem. disclosing, 8s applicable. matters related lo goiThJ concem and using the going concern basis of
a￿untIng unless the Govemors either interKI to liquidale thg charitable company or to cease operations. or
have no realistic altemative but lo do so.
Page 9

STAINES PREPARATORY SCHOOL TRUST
(A company Ilmll•d by guarantee
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STAINES PREPARATORY SCHOOL TRUST
ICONTINUEDI
Auditorfs rosponslbllities for the audtt ol the financial statements
Our objectives are to obtsin reasonable assuran￿ abc￿ whether the as a whole are free from material
mSsstatement. whether due to ftaud ￿ error. and to issue an audttorfs report that indudes our opinion.
Reasonable assurance is a high level of assuran￿. but is not a guarantee that an audit conducted in
accordan￿ with ISAS {UKI will ahvays detect a material misslatement when it exists. Misststements can arise
from fraud or error and are considered material rf. indrwdualty or in the aggregate. they could reasonably be
expected to influence the e¢onomic deasions of users laken on the basis of Ihese .
Because of the inh8rent limitations of an a(Klit. there is a risk that we wll not delect all irragularities. including
those leading to a material misstatemenl in the fir7an(xal statements or non•compl1an￿ with ￿gUlatiOn. This risk
increases the more that compliance with a law or regulation is rernoved from th8 events and transactions
refflected in the )Inancial ststement5. as we will b818ss likely to become aware of Intstan￿ of nOn-￿MplIanC%.
The risk is also greater regarding irregularities occurring due lo frdud rather than ernr. as fraud involves
intentional conwlmenl, forgery. collusion, orni￿10n or misrepresentation.
The specific pnKedures for thi% engagement that we designed and perfomied to delect material misstatements
in respect of irregularities, induding Iraud. were as follows-
Enquiry of management and those charged tmth governan￿ around actual and potential litKJatlon and
clalms.,
Enquiry of management aThJ those tharged wth govemance to kl8ntify any material instances of non
compliance %Mth laws and regulations.,
Reviewing financ?al statement disdosur8s and testing to suprK)rbng d0￿mentatiOn to assess compliance
th applicable laws and regulations,.
Performing audit work to address the risk of irregularthes due to management override of controls, including
testing of joumal entries and other adjustrnents for appropriateness. evaluating the businoss rationale of
significant transactions outside the normal course of business and reviewing accx)unllng estimates lor
evidenc8 of bias.
A further description of our responsibilrlies for the audit of the ts located on tha Financial Reporting Coundl's
website al: www.frc.o
.uklttudito
nsibilitses. This description fom)s part of our audilorfs report.
Page 10

STAINES PREPARATORY SCHOOL TRUST
{A company Ilmited by guarantee
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STAINES PREPARATORY SCHOOL TRUST
(CONTINUED)
Use of our report
This report is made solely to the charitable C￿Mpan￿$ members. as a body, in accor(lan¢g with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
comp8nls members those matters we a￿ required to stale lo them in an audilorfs report and for no other
purpose. To the ftjllest extent permttted by law, we do not 8￿pt or assume responsibility to anyone other than
the charitable LX)mpany and ils members. as a iKxty, for our audil work. for this ￿pOrt. or for the opinions we
have fomied.
Darren O'connor 8Sc {Honsl FCCA ACA l$ènior sLthrtory auditor)
for and on behalf of
James Cowper Kr•ston Audlt
Chartered Accountants and Statutory Auditor
Reading Bridge House
George Street
Reading
Berkshire
RG18LS
Dale.. 27th June 2025
Page 11

STAINES PREPARATORY SCHOOL TRUST
IA company limiled by guarantee)
STATEMENT OF FINANCIAL ACTh￿￿ES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Restrl¢ted
funds
2024
Total
funds
2024
Totsl
funds
2023
Note
Income from:
Donations and grants
Charttable activities
Investments
25,600
3.923.359
27,386
118.3S7
25.600
3,923.359
27,386
118.357
25,887
3,768,625
13,467
69,953
Olher income
Total income
4.094,702
4094,7D2
3.877.932
Expenditure on:
Charitsble activities
4.069.114
1.609
4.070,723
3,862.681
Total oxpendlturn
4,069.114
1.609
4,070,723
3.862,681
Net In¢omellexpenditure)
Transfers between funds
25.588
(7521
11.609)
752
23.979
15,251
16
Net movement in funds
24,836
{857)
23.979
15.251
Reconciliatlon of funds:
Total fvnds broLtght f￿vard
Net movem6nl in funds
5.068.$40
24.836
3.426
1857)
5.071,966
23.979
5.056.715
15,251
Total funds carrled forward
5.093,376
2.569
5,095,945
5,071,966
The Statement of finan(aal actrmties indudes an gains and losses rectyJnised in the year.
The notes on pages 15 to 30 fom part ol these financial statements.
Page 12

STAINES PREPARATORY SCHOOL TRUST
{A company limited by guardnteel
REGISTERED NUMBER: 02114440
BALANCE SHEET
AT 31 AUGUST 2024
2024
2023
Fixed assets
Tangible assets
Currgnt assots
11
5.273.344
5.442.411
Stocks
Debtors
12
13
3,319
93,572
1.829,942
3.262
85.339
1,446.273
Cash at bank and In hand
1,926,833
1.534,874
Creditors: amounts falling due wiihin one
14
1980.663)
{6￿),718}
Net current assets
946.170
844,156
Total assets less current Ilabllltles
6219,514
6.286.567
Creditors.. amounts falling due after more
than one year
15
{1.123.569)
{1,214,6011
Total net assets
5.095,945
5.071.966
Charity fvnds
Re51ricled funds
Urbreslricted funds
16
16
3.426
5,068.540
5.093.376
Totsl funds
5,095.945
5.071.966
The Govemors acknowledge their responsibilibes for complwng with the requirements of the Act ￿SpeCt to
accounting recoyds antl preparation of fInar￿la1 slatements.
Thg financtal statements w
roved arKI aUthc￿$ed for issue by the Govemors an(J signed on thelr behalf
MrMRHall
Chaimian
Dale:
25 20IJ
The notes on pages 15 to 30 foryn part ofthese finan¢ial statements.
Page 13

STAINES PREPARATORY SCHOOL TRUST
IA company limited by guarantse)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Nots
Cash flows from opardtlng a¢tivi¢ies
Nel cash used in operating &tNtties
19
485.310
125,067
Cash flows from Investing activltles
Interest received
Purchase of tangible fix8d a￿ts
27.386
13,467
144,7761 1165,9831
Net cash used In investing activitses
117,3901 1152,516)
Cash flows from flnan¢lng a¢tivities
Repayments of borro￿n9
{84.251) {102,122}
Net cash used in financing activities
(84251) (102,1221
Change in ¢ash and cash equivalents In the year
Cash and ozsh equivalenls at the beginning of the
383,669
1129,5711
1,575,844
1.446.273
Cash and cash oquivalents at th¢ end of the year
1,829.942
1.446,273
The notes on pages 15 to 30 form part ofthese finanaal ststements
Page 14

STAINES PREPARATORY SCHOOL TRUST
IA company Ilmlted by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng pollcles
1.1 Bas1$ of preparntlon of financlal statom8nts
The financAal statements have been prepared in a(￿rdance wth 1J)e Charities SORP IFRS 1021-
Accounting and ReKM)rting by Charities: Ststemenl of Recommended Practice applicable to charities
preparing their accounts in accoidance wth the Finanual Repo￿ng Standard appIl￿ble in the UK
and Republic of I￿land IFRS 102) leffectNe 1 January 2019}. the Financial Repo￿n9 Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
S12ines Preparatory School Tru51 meets the definttion of a public benefit entity under FRS 102.
Assets and liabilities are initially rec¥yJnise(l at historical cost or transaction value unless otherwise
ststed in the relevant acwunting policy.
1.2 Income
l income is recognised the Company has entitlement to the inLX)m&. 11 is probable that the
income wll be received and the anKJunt of In￿Me receivable c2n be measured reliably.
Charitable income comprises generd school fees. disbursements and extras recharged and are
accounted for in the period in whi(* the Sery1￿ is provwjed.
Donations received for the gener￿ purposes of the charity are Credited to unrestricted funds.
Donations subjocts lo spectfic v•ishes of the dorKJrs a￿ credited lo restricted funds.
Gifts in kind donated a￿ induded and the corresp)ndirMJ asset Snclude(J wthin fixed asset additions
or charged against the Ststement of Financial Actiwties as appropriate.
Inv8stsnent incomè Is Induded on a recoverdble basis.
Grants are included in the statement of finanual activttse5 on a re￿1vable basis. Thg balance of
income r￿1ved for 5pecifi¢ purposes but not expended durin9 the period is shown in the relevant
funds on the balance sheeL Where income is re(*ived in advance of enliuement of receipt, its
recognition is deferred and included in cre(Jitors as deferred in￿rne. Where enliuement occurs
before incorne is re￿ived. the income 15 accrued.
Page 15

STAINES PREPARATORY SCHOOL TRUST
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting poll¢les Icontinuedl
1.3 Expendlture
Expenditure is rec(¥Jnised once there is a legal or constructNe obligatk)n to transfer e¢onomic benefit
to a third party. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be ￿aSU￿d reliably. Expenditure is ctassified by actiwly. The costs
of each activty are made up of the lotsl of direci costs and shared costs. inctuding 8LlPPOrt costs
involved in undertaking each actNty. Direct costs attributable to a single activity are allocated directly
lo that activity. Shared costs which ¢ontr"bute lo more than one activity and support costs whtch are
not attributable lo a single activity are apporboned belween those activities on a basis consistent with
tho use of resources. Central staff costs are allocated on the basis of tim8 spenL and depreciation
charges allocated on the Portm￿ of the asseys use.
Expenditure on charitable a¢bwbe5 is incJJrred on direcvy undertaking the actmties which further the
Compan￿$ objectives, as well a5 any asscKiated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.4 Govemment grants
Govemmenl grants relating to tangible fixed asseL8 are treated as d8f&rred income and released to
the statement of financial act]￿lieS over the expe¢ted usefijl lives of the assets ¢oncemed. Other
grants are credited to the ststement of finanoal a¢ttvtties as the related expenditure is incurred.
1.5 Interest re¢elvablè
Interest on ftjnds held on derM)sil is induded rec*Nable and the amount can be measured
reliably by the Company, this is norn￿1￿ upon nottfication of the interest paid or payab￿ by the
institution wilh whom the funds are derx)sited.
1.8 Tanglble fixed assats and depreclation
Tangibfe fixed assets (x>sting £500 or more are (apitalised and rec#)gnised when futu￿ eoJnomic
benefits are probable and the cost or value of the asset (2n be measured reliably.
Tangible fixed assets are In￿allY re(wnised at cost. After reCogn￿On. u￿18r the ￿)St model, langlble
fixed assets are measured at cost less accumulated depreciation an¢J any accumulated impairment
losses. Al costs incurred to bring a tangitle fixed asset into its intended workÈng condition should b
included in the measurement of cosL
Depreciation is charged so as to allocate the cost of tangibje fixed assets less their residual value
over their estimated usefijl lives.
Depreciation is provided on the following basis:
Freehold property
Mini bus
Fixtures. fittings. fumitur8 and
equipment lexduding
compuleTS)
Computers
Netball wurt arKI p(wtscabins
2% str8ight I￿e
25% redu(xng balan
15% reducing balanc*
33% straight ling
25% reduiang balan
Page 16

STAINES PREPARATORY SCHOOL TRUST
(A company Ilmltsd by guarantso}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting poll¢los (continued)
1.7 stocks
Stocks are Valu￿ at the lower of ￿$t and net realisable value after makin9 due allowan￿ for
obsolete and slow-moving sloc*s. C051 indudes all direct costs and an appropriate proportion of fixed
arKI variable overheads.
1.8 Debtors
Tr8d8 and other debtors are reu)gnised at the sotuement amount after any trade discount offered.
Prepayments are valued at the amount prepaKI net of any trade dixounts due.
1.9 Cash at bank and in hand
Cash at bank and in hand indudes cash an¢J short-temi highly liqutd investments with a short maturity
of three months or less from the date of acquisibon or opening of the deposit or similar account.
1.10 Llabllltlas and provisions
LiabIl￿eS are re￿jnised when there is an oblwjatvjn at the balance sheet dale as a resull of a past
event. it is probable that a transfer of economic benefit WTII be required in settlemenL and tha amount
ol the settlement can be estimated reliably.
Liabilities are rec(NJnised at the amount that the Company anticipates it wll p8y to settle the d8bt or
the amount it has receNed as advanced payments for the goods or services il must prowde.
Provisions are measured at the best estimate of the amounts reqLtlred to setue the obligation. Where
the effect of the time value of money is material. the provisK)n is based on Ihe present value of those
amounts. discounled al the pre-tax disc£Junt rate that reflects the risk5 spe￿fiC to the liability. The
urhwinding of the dI￿oUnt is recognised in the statement of financk41 activities as a finance cost.
1.11 Finan¢lal Instruments
The Company onty h8s finanry81 assets and financh?I liabillties of a kind that qualrfy as basic financial
instruments. Basic financial instruments are inibally recognised at transaction valu8 and subsequently
measured at their setuement value wilh the exception of bank loans which are subsequenuy
meas¥Jred at am0￿Sed cost U￿n9 the effective interest method.
1.12 Pensions
Te￿Ing staff employed by the company are elU1b￿ for membership of the Tea¢hers' Pension
Scheme. which is a national scheme administered by the Teache￿, Pension Agency. The Charity has
arranged a defined contn"bution 5otheme for stsff who are rtot eligible to ioin the Teachers, Pension
Scheme. The pension costs tharged represent the contributiorbs payable by the School during the
year.
1.13 Operatlng leases
Rentals paid under operating leases are charged to the statement of finanual actiwties on a stralght
line basis over the lease temi.
Page 17

STPJNES PREPARATORY SCHOOL TRUST
IA company Ilmlted by guarantts)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies Icontinu8d)
1.14 Fund a¢¢ounting
General funds are unrestricted funds which are available for use at the discretion of the GovemoTS In
furtheran￿ of the general objecti￿$ of the Company arnl have not been desiqnated for other
purposes.
Designated funds comprise unrestrtcted funds that have been set aside by the Governors for
particular purposes. Th8 aim and us8 of ead) designated fund is set out in the notes tri the financial
stslements.
Restricted funds are funds which are to be used in accordance with specific reslrictlons imposed by
donors or which have been raised by the Company for PartI￿18r purposes. The costs of raising and
administering such funds are Charged against the speoxfic fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Critical accounting estimates and areas of judgment
Estimates and judgments are o)ntinualty evaluated and are based on historical experien￿ and other
factors, including expectations of future events that are beliaved to ba rèasonable under the
cirCumstan￿s.
In the appllcatlon of the companvs accounting polides. the directors are requlred to make judgments,
eslimales and assumptions about the (aryng amount of assets and liabilities not readily appaienl from
other sources. The estimates and assouated assumptions are based on historical experience and other
factors that are considered to be relevant Actual results may dtffer from these estimates.
The company makes estimates and assumptions conceming Ihe fiJture. The resulting accounting
estimates and assumptions wll, by definition. seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing o material adjustment to the carwng amounts of
assets and liabil¢bes wthin th8 next finan(4al year are discussed ￿lOw.
Th8 estimates and UnderI￿n9 assumptions are TO￿8W9d on an ongoir¥J basis. ReMs1t￿$ to accounting
gStimat6s are reccwJnised in the p6riod in vthich the èstimate is revised where the Tewsion affects only that
period. or in the peri(xJ of the remsion and future periods where the rewsK)n affects both current and future
periods.
The most signrficant estimates and assumplions whid) affecl the carrying amounl of each assets and
Ilabilities in the accounts relales to-
Depreciation - The annual deprecation charge for property. plant and equipment is sensttive lo change in
the estimated useful economic lives and residual value of assets. These are reassessed annually and
amended were necessary to reffiect current arcuMStan￿$.
P8ge 18

STAINES PREPARATORY SCHOOL TRUST
(A company limit￿ by guarants•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from donations and grants
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
25.6c￿l
25,600
25.887
Total 2023
25,887
25,887
In¢om• frorn charitabk actlvities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Gros5 fees
Less bursaries and discounts
SPARKS
Fees in ligv
Extras
Disbursements
3.932.739
3.932.739
3,750,516
1140,028) (140.028) 1102,9561
5.819
5,819
4,282
14.123
14,123
9,000
85.228
85.228
84,560
25.478
25,478
23,223
3.923.359
3.923,359
3,768,625
Total 2023
3.768.625
3,768.625
Chlldren of SPS staff attending the ￿0(4 recetve 8 discount in School fees in line Mlh the sthool's
policy. These costs are induded wtthin'bursaries dis¢J)unts' above.
Investment In¢om•
Unrestricted
funds
2024
Totsl
funds
2024
Total
funds
2023
Investment incilme
27,386
27.386
13,467
Total 2023
13,467
13.467
Page 19

STAINES PREPARATORY SCHOOL TRUST
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
other Incoming resources
Unrestricted
funds
2024
Total
fund$
2024
Total
funds
2023
Other income
Commission and letting inLxJme
80.173
38.184
80,173
38,184
31,632
38.321
118,357
118,357
9.953
Total 2023
69,953
69,953
AnaFysis of expendlture on charitsble aclivrtles
Summary by fund typo
Unrestri¢ted R￿tricted
tunds
funds
2024
2024
Total
2024
Total
2023
Teaching
We￿are and catsring
Premise5
Administration costs
Bank interest
Govemanc8 ¢x>sts
2.408.059
300.984
626.444
641,069
2.408.059
300.984
626,444
642.678
80.938
11,620
2.251.537
288,103
$87.355
666,780
57.831
11,075
1.609
11.620
4.069.114
1,609
4.070,723
3,862,681
Total 2023
3,861,539
1.142
3,862.681
Page 20

STAINES PREPARATORY SCHOOL TRUST
{A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expondliuro on charitable a¢tlvftlos {continued)
Summary by expendlture type
Staff costs Doproclation Other costs
2024
2024
2024
Total
2024
Total
2023
Teaching
Welfare and catering
Premise5
Adminislralion costs
Bank interest
Goveman￿ costs
2.115,467
22.590
92.555
348.030
292,592
278,394
417.081
197.612
80,938
11.620
2.408.059
300,984
626.444
642.678
80.938
11.620
2,251,537
288,103
587,355
666,780
57,831
11.075
116,808
97.036
2,578,642
213.844
1.278,237
4,070.723
3,862,681
Tot812023
2.435,933
228.344
1.198,404
3,862.681
Auditorfs remuneration
2024
2023
Fees payable to the CompanYs auditorforthe audrf( of the Compatys
annual a￿￿nts
9.100
8.675
Fees payable lo the Companvs auditor in respect of.
I non-audil services not induded above
2.520
2.400
staff costs
2024
2023
Wages and salaries
SocAal securtty costs
Contribution to defined contrlbutknn pe￿IOn schem8S
2.132,714
164,982
280.946
2.012.559
166,305
257,069
2,578,642
2,435,933
Page 21

STAINES PREPARATORY SCHOOL TRUST
(A company liml¢od by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Staff costs {continu8dl
The average number of Pe￿onS ern￿OY￿￿ by the Compary during th& yearwas as folhThs:
2024
2023
No.
TeachSng staff
Support staff
50
20
19
70
The number of employ88s lthose emplo￿ benefits {exduding employer pension ￿Sts> exceeded
£60,OIK> was:
2024
No.
2023
No.
In the band £60.001- £70.000
In the band £1 tM).001 - £110.000
In the band £110.001- £119.999
The pension contributions in relation to the hIg￿r paKI emplo￿$ are £21.15612023: £20.575).
Key Management Petsonnel:
The school considers its key management personnel as the Headteacher 8nd the Bursar. The total
employment benefits induding empk)yer pension o)ntributtons of the key management pgrsonn81 were
£232.20412023.. £224.568).
Page 22

STAINES PREPARATORY SCHOOL TRUST
IA company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. Govomors. remunerallon and expenses
During the year. no Govemors received any remunerntion or other benefits (2023- £NIL}.
Durir¥J the year ended 31 August 2024. no Govemor expenses have been incurred {2023- £NILI.
The Govemors have taken out indemnity insurance costing £4,875 {2023: £4,875).
11. Tangible flxod assets
Frgèhold
pr¢porty
Motor Fixtures and
vehicles
ffttings
Total
Cost or valuatjon
At 1 September 2023
Additions
6,720.214
50.061
1.717.051
44,777
8.487,326
44,777
At 31 A￿USt 2024
6.720.214
50.061
1.761.828
8,532,103
Dgpreclatlon
At 1 September 2023
Charge for the year
1.817,573
116,808
46.636
856
1.180.706
96,180
3,044,915
213,844
At 31 August 2024
1.934,381
47.492
1.276.886
3,258.759
Net book value
At 31 August 2024
4.785,833
2.569
484.942
5,273.344
At 31 August 2023
4,￿)2.641
3,425
536,345
5,442,411
Pagè 23

STAINES PREPARATORY SCHOOL TRUST
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11. Tangiblo Ilxed assets (continued)
Induded In larKI and buildings is freehokl land at i>)st of £826.827 12023.. £826.8271. whith is not
depreciated.
The Govemors are of the opinicfft that the ￿rrent market value of the sthool's land and buildings is
substantially in excess of the figures shown in the finanaal statements. However, tt is not Possible to
quantify the market value wtthoul carrying out a costly revaluation of the school's propety. The school's
buildings are currently insured at a value of £12,904,921 {2023.. £12,904.921)- Land and buildings are
recognised in the aczounts under the historKsI LTht policy. in line the Charity SORP.
Flxed assets include ttems donated by The Frfends of Stsines Prep. In the accounts of The Friends of
Slaines Prep these are shown as owned by the charity wrth a written down value of £1. To comply with
the Statement of Recommended Practice and to show a true ant1 fair view of the school's assets these
are included in the a￿OUnts of the school. At 31 August 2024 the net book valu8 of thesè assets was
£360 {2023.. £4801.
All of the assets of the school the e￿ption of Ihe minor items of office equipment are used for
direct charitable purtK)ses.
Uoyds Bank PLC have a charge on the land and bjildings.
12. Stocks
2024
2023
Flnished goods and goods for resale
3,319
3,262
13. Debtors
2024
2023
Trade debtor5
Other debtors
Prepayments
13.096
2.361
1.145
81,833
80,476
93.572
85.339
Page 24

STAINES PREPARATORY SCHOOL TRUST
(A company limltgd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14. Credit¢)rs: Amounts falling due within one year
2024
2023
Bank loans
Trade creditors
Other taxation antl social security
Fee deposits held
Other creditors
100.652
31.448
46,564
81.189
720,810
95,770
49,584
46,706
75,493
423,165
980.663
690,718
15. Creditors: knounts falling due after more than one year
2024
2023
Bank loans
Fee deposits held
953,744
169,825
1,042.876
171,725
1,123.569
1.214.601
Included ￿thIn the above are amounts falling due as folkNB:
Bet%Yeen two and flve years
Bank bans
473,383
452.638
Over five years
Bank loans
480.361
590.238
The aggregate amount of liabiltknes payable or repayable vtholty or in part more than five years after the
reporting dale is:
2024
2023
Payable or repayable by instalments
480.361
590,238
There are tsvo bank loan5 both se(#Jred by a first legal charge and an unlimited debenture over the scl)ool
buildings al 3 Gre5harn Road. The interest rate attributed lo the £1.500.(M)O loan is 5.25Qh flxed ratg. The
interest rate attributable to the £400.000 loan is variable. and is currenuy 7.4%.
Pag8 25

STAINES PREPARATORY SCHOOL TRUST
(A company Ilmhed by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. Statement of funds
ststement of fund$ - ￿rrent year
8alance at 1
Septembar
2023
Balance at
31 August
2024
Transfers
Inlout
Incom8 Expendtture
Unrestrl¢ted funds
D8slgnatsd funds
Freehold property
3,763.996
(116.808}
249
3,731,437
General funds
General funds
1.304.544
4,094.702 13.952,306)
{85,001) 1.361.939
Total Unrestrictgd funds
5.068,540 4.094702
(4.069.1141
1752} 5,093,376
Rostri¢ted funds
Restricted funds
3.426
{1.609}
752
2,569
Total olfunds
5.071.966
094.702 14,070.7231
5,095.945
Transfer:
The transfer represenls the am(NJnt needed lo reflect the change in the nel book value of freehold land
and buildings after taking into account additions. disposals and depreciation during the year less the
amounts ou151anding on the bank k)an.
Designated Funds".
The freehold property fijnd represents the nel b￿k valu& of the propety lass outstsrKling amunls on the
bank loan secured over Ihe school buildings.
Rgstricted Funds:
Restricted funds represents the net book value of a mlnibus. paMI for by donallons made by Th8 Friends
of Staings Prep.
Page 26

STAINES PREPARATORY SCHOOL TRUST
{A company Ilmlted by guarantsg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
a6. Statement of funds (continued)
statement of funds - prlor year
Balan￿ at
1 September
2022
Balance al
31 August
2023
Transfers
inlout
Income Expentlittjre
Unrestrictsd fund$
Deslgnated funds
Freehold property
3.778.799
1116.9261
102.123
3,763,996
General funds
General fvnds
1.273.348
3.877.932
(3.744.613)
1102.123)
1,304.544
Total Unrestricted funds
5.052.147
3,877.932
(3.861,539)
5.068.540
Restrlcted funds
Restricled funds
(1,1421
3,426
Total of fund5
5.056.715
3.877,932 {3.862.681)
5.071,966
17. Summary offunds
Summary of funds- current year
Balance at 1
Seplembgr
2023
Balance at
31 August
2024
Transf•rs
inlout
Income Expenditur•
Designated ftjnds
General funds
Restricted fLfjnds
3.763,996
1.304,544
3,426
(116.808)
(3.952.306)
(1,609)
84.249
3.731.437
{85.001) 1,361.939
752
2.569
4.094.702
5.071.966
4.094,702
14,070.723)
5.095,945
Page 27

STAINES PREPARATORY SCHOOL TRUST
(A c¢)mpany Ilrnlted ty guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
17. Summary of funds (contlnued)
Summary of lunds- prfor year
Balance al
1 September
2022
Balance at
31 August
2023
Transfers
InloLrt
In¢xxne Expenditure
Designated fuftds
Ggneral funds
Restrictsd funds
3.778.799
1,273,348
4.568
1116.9261
102.123
3,763.996
3.877.932 {3,744,6131 {102.123) 1,304,544
{1.1421
3,426
5,056.715
3.877.932 (3,862,681)
5,071,986
Analy$ls of net assets betweèn funds
Analysis of net assets belwgen fvnds - current period
Unrestrlctod Restrlcted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Credttors due within one year
Creditors due in more than one year
5,270,775
f.926.833
(980.663)
11,123.569)
2.569
5,273.344
1,926.833
980,663)
{1.123.569)
Total
5,093,376
2,569
5,095,945
Anatysis of nèt assets between funds- prior period
Unrestricted
funds
2023
Rèstrict
funds
2023
Total
fijnds
2023
Tangible fixed assets
Current assets
Creditors due wtthin one year
Creditors due in more than one year
5.438,985
1,534,874
1690,7181
(1,214,601)
3.426
5.442,411
1,534,874
1690.7181
11,214,601)
Total
5.068.540
3.426
5.071,966
Page 28

STAINES PREPARATORY SCHOOL TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
19. Reconcilia￿0￿ of net movement In fvnds to net cash flow from operating adivities
2024
2023
Net incorne for the period las per Ststemnt of Financial Activibesl
23.979
15251
Adjustments for:
Depreciation charges
Interest received
Increase in stocks
Increase in debtors
Increasel{decrease) in creditors
213,844
(27,386)
157)
18.233)
283.163
228,344
113.4671
12,6801
11.6411
(100,7401
Nel ¢ash provlded by operatlng actlvltles
485,310
125.067
20. Analysis of cash and cash equivalents
2024
2023
Cash In hand
1.829.942
1.446,273
Total cash and cash equival8nts
1,829,942
1,446,273
21. AnaSysls of changes In net debt
Atl
September
At31
2023 Cash flows August 2024
Cash al bank and in harKI
Debt due within 1 year
Debt due after 1 year
1.446.273
(131.19n
(1,042.876}
383.669
15.964}
89,132
1,829,942
1137,1611
1953.7441
Page 29

STAINES PREPARATORY SCHOOL TRUST
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Panslon commltmgnts
Teachers Pension Scheme
After consu]tation the Stair￿$ Preparatory Sthool Trnst left the Teachers. Pension Stheme on 5 April
2021.
TPT Schem8
The support staff are members of TPT Scheme. is a defined colltributior) Scheme., the school
contributes between 5% and 90A dependent on the position of the ernp￿Yee in the school and the
employees conlritMJte befv￿en 5% and 6%.
Staines Preparatory SthocA op8rales a deffined ￿ntributiOn pension scheme. Th& assetg of the scheme
arg held separately from those of the Charity in an independentty administered fund. The pension cost
Charge represents contributions payable by the Charity to the fund and amounted to £280,946 12023 -
£257.0691. At the balance sheet date amounts were payable lo the fund totslling £36,35312023.. £34,025)
and are induded in olher (¥edilors.
23. Oparatlng loaso commitments
At 31 August 2024 the Company had commitments lo make future minimum lease pa￿￿ents under non-
¢ancell8ble operating leases as follows.-
2024
2023
Not18ter than 1 year
Later than l yEar and not later than 5 years
6,264
16,183
7,893
22,447
7.893
24.
Ralatsd party tran$a¢tlons
The Company has not entered into any related paty transaciion durir4J the year, noT are th8re any
outstanding balances owing befv￿en ￿lated parties and the Company at 31 August 2024.
25. Controlllng party
The school is under Iha contrd of the Govgmors who are Trustees urbder Charity Law and Directors under
Company Law.
26. Taxatlon
The ¢xJmpany is a registered tharity and no taxation is payable on its in￿rne.
Page 30