Charity registration number 297797
Company rggl$trallon numbgr 02161405 (England and Walgs)
PARK SCHOOL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

PARK SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
Council of Governance
Nathan Gribble
Melody Easter
Patriaa Gaya
Rebecca Giraud
Matthew Vvhitton
Sarah Veveers
(Appointed 18 September 20231
(Appointed 23 December 20231
Charity number
297797
Company numbor
02161405
Registered office and principal address
Park Road
Dartinglon Hall
Tolnes
Devon
TQ9 6EQ
Independent examiner
Paul Beard FCA FCCA
Darnells Chartered Accounlanls
30 Fore Street
Tolnes
Devon
TQ9 5RP
Bankers
Cooperative Bank PLC
P.0. Box 101
1 Balloon Street
Manchester
M60 4EP
Nalwest Bank PIC
15 Victoria Street
Paignlon
TQ4 5DE
NS&I
Glasgow
G58 1SB
Senlor staff member who has been
delegated responsibility of day to day
management
Laura Hare IHeadleacherl

PARK SCHOOL
CONTENTS
Page
The Council Of Governance's report
Independent examinerfs report
statement of financial activities
Balance sheet
10
Stslemenl of cash flows
11
Notes lo the financial statements
12-24

PARK SCHOOL
THE COUNCIL OF GOVERNANCE'S REPORT {INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
The Counal of Governance present their report and financial statements for the year ended 31 August 2023.
The financial slalemenls have been prepared in accordan￿ with the accounting policies sel out in note 1 to the
financial slalemenls and comply with the Charity's Memorandum & Articles of Association, the Companies Act
2006 and the Slalemenl of Recommended Practice for charities applying FRS102.
Objectives and activities
Ob'ecls
The Charity's objective is lo promote and provide for the advancement of education and in connection Iherewilh
lo conduct, carry on, acquire and develop in the United Kingdom any boarding or day school or schools for the
education of children of either sex or both sexes.
Aims and ob'eclives
These were lo..
Provide a learning environment which addresses the social, emotional, inlelleclual. physical. spiritual and
creative needs of each child, helping them lo realize their unique potential. The School welcomes children of all
cultural ba¢kgrounds and beliets.
Provide Human Scale Education for children aged 3 10 11 years, lo provide an alternative education model and lo
promote democratic edLJ¢ation. The School aims lo..
Provide a human scale educaty'on geared to the holistic development of all ils pupils.
Create an environment which encourages in children and staff a sense of responsibility and mutual
respect through democratic processes.
3. Create an environment where children use the outside spaces to understand how to enjoy and respect
nature, and as a basis for environmental education.
4. Create an environment which encourages a strong sense of community amongst staff, children and
parents.
5. Create an environment in which children grow to be self-aware, confident individuals.
6. Create an environment where learning is fun, relevant and lifelong.
Create a learning environment which means that children meet their academic potential, considering
individual developmental maturity.
8. Promote an alternative education model internationally for Human Scale Education.
9. Improve the environmental education offered, by providing shelters and spaces in the school grounds.
Ob
e¢lives for the
ear..
RE-CULTURING vision and valuès
Ensure that a shared understanding of the vision and values are enacted through the culture, ethos and
pedagogy of the School.
RE-SHAPING $trgngthgnlng Igadgrshlp
Effective values-led leadership that has clarity of putposè and roles at all levels and puls al ils heart, human
relationships and a striving for the best outcomes for children.
RE-DESIGNING shaping the learning
Ensure that the children experience learning which reflects the vision, values and aims of the School,. that they
are involved in creative, enquiry-led learning.

PARK SCHOOL
THE COUNCIL OF GOVERNANCE'S REPORT {CONTINUED){INCLUDING DIRECTORS,
REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
RE-CONNECTING building ourcommunty
Linking lo, and informing, the wider communty of parents and connecting and participating with the wider
education community.
Charitsble educational activities
The activity of the Company continued to be the provision of education lo children and 172.5 leaching days took
place, all undertaken in the context of fulfilling these objectives.
In 2022-2023, the School has provided education for 65 children both in the main School and in our early year's
class. The School has been keen to ensure inclusive access lo the education provided. This year the School has
provided for the needs of two children with an education care, health plan directly funded by the local authority
but moving into 2024 this will increase due lo the appointment of a new full lime Deputy Head with SENDCO
responsibilities.
PLJblic benefit
Trustees and management are aware of the on-gDing development regarding public beneff( and the charitable
status of charities and independent schools and have paid due regard to gLJidance issued by the Charity
Commission.
The Charity's principal public benefit is the provision of a learning environment which addresses the social,
emotional, intellectual, physical, spiritual and creative needs of each child, helping them to realise their unique
potenb'al.
Human Scale Education is modelled through the School which includes democratic principles as well as creative
and environmental leaming. Children have a voice in the School which is respected and responded positively to
by staff and Trustees.
The School provides opportunities for the wider public lo find out about its altemalive educational model through
the provision of public talks, placements for students and visits by educators from around the world.
The School has provided opportunities for people to do extended volunteer placements to learn more about
way of working wth children.
The School has hosted several open days for members of the public and prospective parents to view the School
and lo learn about human scale education. Additional open days have been held lo support the growth and
sustainability of the Earfy Years and parents made contributions lo speaal workshops which were free of charge
lo local families.
The School endeavours to ensure an education at Park School is not restricted by financial means. Fees are
arranged on sliding scale based on family circumstances. A limited number of bursaries are available on
application to families whose children are enrolled at the School. The Bursaries awarded have helped lo enable
the families to re gain a more secure financial foothold. In 2022-23 no families accessed the exceptional bursary
fund.

PARK SCHOOL
THE COUNCIL OF GOVERNANCE'S REPORT {CONTINUED){INCLUDING DIRECTORS,
REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
Achievements and performance
Although curriculum development progress was halted during 2022, the appointment of an acting deputy head
during February 2023 began lo ensure productive progress. A full audit was undertaken which identified a need
lo firstly ensure the full planning and assessment cycle was complete.
A new staff team from September 2023 has seen an increase in targeted planning to ensure progress for the
children in key skills and knowledge development. A solid monitoring and evaluation cyde has been
Implemented, learning walks and observations are demonslraling evidence of the Impact.
Vvork has continued on the redesign of our curriculum. Building upon the work of the previous leadership team,
parents and Council members.
Vvorking with from educational consultants from Shaping Learning, who have kindly donated their lime lo support
our growth, the School has now evolved ils curriculum intention. We will go forward to secure the unique pillars of
our curriculum lo ensure solid plans arè in place lo promote a child cèntred, broad, balanced, and progressive
curriculum from foundation stsge lo the end of key stage iwo.
We were pleased to be able lo continue dialogue with Schumacher College and lo explore possible ways lo build
a partnership with them particularly in this area of how we develop a ¢urri¢ulum model for primary aged children
that develops their skills, knowledge and understanding in how lo address the challenges of global sustainability
in the 21 st Century.
During the summer holiday, Young Dartinglon provide a summer camp in the school grounds open to children
from beyond the School.
How do we measure the success of children al Park School?
We encourage children lo explore and learn at their own pace, they learn about making sensible and responsible
choices and self-responsibility., the curriculum gives children the opportunity lo think, explore and discover, lo
engage in learning which develops critical thinking and curiosity.
The School does not use formal testing to measure the success of children's learning and progress, rather
teachers, use a range of formative assessment, identifying children's progress through their engagement with
and the outcomes of their leaming. Listening carefully lo the questions that children ask, their responses lo
challenges,. their ability lo manage more complex interactions socially and lo lake greater responsibility for
themselves and others.
The School continues lo explore ways to respect the human scale ethos in the way we assess our children.
Athough we have introduced some short activities and quizzes to aid progression with phonics and reading, our
focus wll remain on summative methods including sharing, reflecting, presenting with purpose and ￿lebratiNg
our learning.
Children's progress is tracked against learning progression within five key areas," language, literacy and
malheTnalics, environment and sustsinability, understanding the world around us, wellbeing and personal and
development, valuing and respecting ourselves and others, and reported on annually lo parents. This wll evolve
in line with the development of the curriculum and be in place lo stsrt for the academic year 2024 2025.
A key measure of success is the readiness of children to progress lo their next school, lo be confident and to be
able to make the transition well. We are proud to say that our children repeatedly make successful transrtions lo
a broad range of different schools ranging from those of a similar nature and ethos to Park School, lo those with
more academic and traditional approaches.

PARK SCHOOL
THE COUNCIL OF GOVERNANCE'S REPORT {CONTINUED){INCLUDING DIRECTORS,
REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
Financial review
There was a delicil on unrestricted activrf(ies for the year lo 31 August 2023 of £76,02612022'. surplus of £15,159)
and a breakeven12022.' surplus of £4,750) on reslricled funds.
Efforts have been made to increase fees lo cover costs bul there has been a significant rise in payroll costs as
staff salaries reflect more commercial rates in order to retsin stsff of calibre and support the needs of the
children, staff and School.
The deficit on unreslricled activities is a consequence of the global cost in living crisis resulting in more families
finding il hard to make ends meet resU￿1ng In our numbers on roll decreasing.
The principal funding sources are the parents who sentl their ehildren lo the School. They support the key
objective5 of the Charity through their time, effort and money. Parents are an integr81 part of the Sehool
community and without their input the School would not exist.
Al 31 August 2023 lotsl funds amounted lo £314,330 12022". £390,356) wth restricted funds of £10,00012022".
£10,000).
Reserves policy
Free reserves at 31 August 2023 stand at £260,299.
The history of alternative schools has always been insecure,. it is therefore the policy of the School lo ensure
adequate reserves to meet the future financial challenges of the School.
The Council is satisfied that the reserves are al an appropriate level to be able lo counter the additional financial
requirements of the coming years while al the same time make the necessary investments into the School in
order to ensure its growth and allow il to prosper so that other children may benefit from the type of education
and experience the School offers.
Risk Mana
ement
The School has considered the principal risks lo which il is subject and has taken adequate steps to mitigate
those risks. These include an annual review of the financial risks the School may face and the
Implementation of salisfaclory procedures to ensure that the School offers a safe and constructive
environment for children.
Key controls include regular risk assessment checks of all areas and regularly reviewed policies, which are
available to parents. the Independent Schools Association and other interested parties.
The Council of Governance is always conscious of the need for the School lo operate within ils available
financial ￿sOUrceS and to have adequate working capitsl.

PARK SCHOOL
THE COUNCIL OF GOVERNANCE'S REPORT {CONTINUED){INCLUDING DIRECTORS,
REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
Plans for future periods
Five key development areas have been identified as pivotsl for the academic year 202312024. The five key
development areas are as follows.
Currlculum development- lo ensure the cyc18 is complel&- improve resources, planning and assessment,.
in line with the School's ethos and values.
2. Improving our provision for SEND- embracing neurodiversty- lo ensure children's needs are being mel
through provision, environment, stsff knowledge and skills.
3. Healthier and Safer- lo ensure improvements are made in Health and Safety, Safeguarding and Wellbeing
of staff, children and community.
4. Our Communlty
re-building and strengthening the Park School community, developing increased
opportunities for learning together, celebrating and reflecting on learning together and fostering positive and
productive partnership.
5. Leadershlp and Management - distribution, delegation and democracy
scaffold to ensure progress and sustainability for Park School.
implement a productive staffing
The priority focus for the year ahead is on equal progress in all these areas as the School recognises it's duly lo
it's community and lo a quality education for all ils learners. The School is exploring ways of building stronger
connection through the curriculum with nature and sustsinability that wll enable the children lo become
ambassadors with the knowledge, skills and understanding needed lo address the global challenges of
inequality, climate and environment.
The School is continuing to build stronger partnerships with other organisations to support the development of a
curriculum and way of teaching that can be a pioneering influence within the educational landscape. Aigned lo
this, there are plans for significant staff development including partnership with a local independent company.
ThoughlBox Education, and local Pra¢tioners with knowledge and experience lo support neurodiversity and
attachment aware schools.
The School is improving its extra-curricular opportLJnities and exploring opportunities for before and after school
as well as during holidays.
The School will continue to educate other organisations about its Human Scale philosophy locally, and globally,
by allowing visitors to study the School, as well as updating the website and literature.
Further work in partnership with the community will be undertaken to strengthen the School's identify through its
clear and defined vision. mission and values. The School plans to launch a new website to market the School
effectively in March 2024.
The Council acknowledges that 2023124 has been embryonic under new leadership and is committed to
supporting the vision and strategic development of the School.
structure. governance and management
Govemin
Document
Park School is a company limited by guarantee governed by ils Memorandum and Articles ofAssociation, and
was incorporated on 4 September 1987. It is registered as a charity with The Charity Commission. The liability
of the Members is limited. In the event of the Company being wound up every Member of the Company
undertakes lo contribute such amount as may be required Inol exceeding £11 to the Company's assets.
The Counal of Governan￿, who served during the year and since the year end, were entided lo vole and were
all members of the Company were..
Nathan Gribble
Melody Easter
Dan Janota
(Appointed 18 September 20231
(Resigned 18 August 20231

PARK SCHOOL
THE COUNCIL OF GOVERNANCE'S REPORT {CONTINUED){INCLUDING DIRECTORS,
REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
Fran Wilby
Patricia Gaya
Rebecca Giraud
Matthew Whitton
Sarah Veveers
(Resigned 5 December 20221
(Appointed 23 De￿mber 2023}
The members of the Council of Governance entf(led lo vote conslilule the Board of Trustees for the purpose of
charity law and the Board of Directors for the purpose of company law. They were all members of the company
during their office.
Dan Janota and Patricia Gaya were C&Chairs throughout the year until the former's resignation.
ointment of Members of the Counryl of Governan
The Counryl has the right, al any time, lo appoint any person to be a member of the Council of Governance.
Recruitment and induction of Members of the Council of Governance
The Council of Governance attracts applicants through annual elections, word of mouth and personal
recommendations. 11 may occasionally recruit through advertisement in local papers and other avenues.
The Council is comprised of members who bring a range of relevant expertise. Members are co-opted as
required lo bring a balance of skills and knowledge to the Council. The Council aims lo have 8 members as a
minimum however this number can be exceeded lo ensure the Council has the necessary range of skills and
expertise required.
An induction programme is in place for new members which includes training in the role of governance of an
independent school, safeguarding responsibilities and familiarisalion with the School, including sch¢)ol finance.
Or
anisalional structure and how decisions are made
The structure is that the Counal of Governan￿ has overall responsibility for the School. Other members are
experts in their field or bring an interest in human scale education and are co-opted. The Council also has an
observer member who is a staff represenlalive, and other members of staff may attend meetings. The Head
Teacher is also a non-voling member of the Council. Decisions are normally made by consensus., however, the
Council also has the option of going to vole.
The Head Teacher, Laura Hare, is responsible for the day-l(￿daY leadership and management of the School.
How staff
a isset
Park School values staff and the contribution that they make lo both the children's learning and also lo the wider
school community. We Choosè lo look lo the minimum wagè sel by the Real Living Vwdge Foundation as a
minimum salary level for all staff, we do this because we believe that all staff should be paid at a level which
meets every day basi¢ needs.
Teaching staff, including the Head Teacher, are paid on an incremental scale which sits within the National Pay
Scales for teachers but does not extend ID the full range Df pay awarded to leaching staff wthin the National Pay
Scales. Teachers pay is reviewed annually with the DPPOrtunily to make pay progression within an agreed
incremental range subject to satisfactory performance review.
th all pay levels, the School lakes account of current pay levels locally and nationally for similarjobs and seeks
lo draw a balance of valuing staff and reflecting current market pay levels and the budget pressures of being a
small school which seeks lo be financially inclusive in enabling a broad range of families to access the School
wth their children.

PARK SCHOOL
THE COUNCIL OF GOVERNANCE'S REPORT {CONTINUED){INCLUDING DIRECTORS,
REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
On behalf of the Counal of Governance
Matthew Whitton
Truste
Dated..
ay 7, 2024

PARK SCHOOL
INDEPENDENT EXAMINER'S REPORT
TO THE COUNCIL OF GOVERNANCE OF PARK SCHOOL
I report to the Council of Governance on my examination of the financial statements of Park School (the
Charity) for the year ended 31 August 2023.
Responslbllltles and basls of report
As the Council of Governance of the Charity land also its directors for the purposes of company lawl you are
responsible for the preparation of the finanryal statements in accordance with the requirements of the
Companies Ad 2006 (the 2006 Acll.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16
of the 2006 Act and are eligible for independènt examination, I report in ￿SpeCt of my examination of the
Charity's financial slalemenls carried out under section 145 of the Charities Act 2011 (the 2011 Acll. In carrying
out my examination I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent examiner's statement
Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in
section 145 of the 2011 Act. I confim that l am qualified to undertake the examination because l am a member
of Thè Inslilule of Chartered A¢¢ounlanls in England and Wales, which is one of the Iisled bodies.
I have completed rny examination. I confirm that no matters have come lo my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act", or
the financial stslemenls do not accord with those records., or
the financial ststements do not comply with the accounting requirements of section 396 of the 2008 Act
other than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination., or
the financial statements have not been prepared in accordan￿ with the methods and principles of the
statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination lo whi¢h
attention should be drawn in this report in order to enable a proper understanding of the financial statements lo
be reached.
Paul Beard FCA FCCA
Darnells Chartered Accountants
30 Fore Street
Totnes
Devon
TQ9 5RP
Dated".
0910512024

PARK SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Notes
Income and endowments from:
Donations and lega¢ies
Charitable activities
Investments
Other income
305
476,613
1,554
11,201
305
525,892
1,554
11,201
5,000
49,335
5,000
490,338
95
7,159
49,279
441,003
95
7,159
Total income
489,673
49,279
538,952
448,257
54,335
502,592
Expendlture on:
Raising funds
Charitable activities
590
432,508
590
482,093
565,699
49,279
614,978
49,585
Totsl expenditure
565.699
49,279
614,978
433.098
49,585
482,683
Net incomellexpenditurel and
movement in funds
176,0261
176,0261
15,159
4,750
19,909
Rgconclllatlon of funds..
Fund balances al 1 September
2022
380,356
10,000
390,358
365,197
5,250
370,447
Fund balances at 31 August
2023
304.330
10,000
314,330
380.356
10,000
390,356
The stslemenl of financial a¢livilies includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

PARK SCHOOL
BALANCE SHEET
AS AT 31 AUGUST 2023
2023
2022
Notes
Fixed assets
Tangible assets
Investments
12
13
24,310
19,721
26,483
19,545
44,031
48,028
Current assets
Stocks
Debtors
Cash at bank and in hand
495
11,737
336,413
445
5,9S6
421,134
14
348,645
427,545
Creditors.. amounts falling due within
one year
15
78,346
83,217
Net current assets
270,299
344,328
Total assets less current Ilabllltles
314,330
390,356
The funds ofthe Charlty
Restricted income funds
Unrestricted funds
17
10,000
304,330
10,000
380,356
314,330
390,356
The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 August 2023.
The Council of Governance acknowledge their responsibilities for ensuring that the charity keeps accounting
records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the
slate of affairs of the company as al the end of the financial year and of ils incoming resources and application of
resources, including ils Income and expenditure, for the financial year in accordance with the requirements of
sections 394 and 395 and which otherwise comply wf(h the requirements of the Companies Act 2006 relating lo
accounts, so far as applicable lo the company.
The members have not required the company to obtsin an audit of its financial statements for the year in question in
accordan￿ ￿rith section 476.
These financial statements have been prepared in accordance wth the provisions applicable lo Companies subject
lo the small companies regime.
The financial statements were approved by the Counal of Governan￿ on May.7: 2024
Matthew V￿lttOn
Trustee
Company registration number 02161405 (England and Wales)
10-

PARK SCHOOL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2022
Notes
Cash flows from operating activities
Cash labsDrbed byllgeneraled from
operations
23
181,5261
71,551
Investlng actlvltles
Purchase of tangible fixed assets
Purchase of investments
Investment income received
14,5731
11761
1,554
{7,6311
191
95
Net cash used in investing activities
{3,1951
{7,5451
N91 cash used In flnanclng a¢tlvlllgs
Net {decreasellincrease in cash and cash
equivalents
184,7211
64,006
Cash and cash equivalents al beginning of year
421,134
357,128
Cash and cash equivalents at end of year
336,413
421,134

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies
Charlty Infomiatlon
Park School is a private company limited by guarantee incorporated in England and Wales. The registered
office is Park Road, Dartington Hall, Totnes, Devon, TQ9 8EQ.
1.1 Accountlng conventlon
These accounts have been prepared in accordance ¥Mth FRS 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland l FRS 102.1, 'A¢¢ounling and Reporting by Charities. the
ststemenl of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK
Generally Ac¢epled A¢counting Practice as it applies from 1 January 2019. The Charity is a Public Benefit
Enlily as defined by FRS 102.
The accounts are prepared in steding, which is the functional currency of the Charilycharity. Monetary
amounts in these financial 5talemenls arè iounded lo the nearèst £1.
The financial slalemenls have been prepared under the historical cost convention. The principal accounting
policies adopted are set out belDW.
1.2 Charltsble funds
Unrestricted funds are available for use al the discretion of the Council of Governance in furtheran￿ of their
charitable objedives.
Restricted funds are subject to specific Conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted ftjnds are sel out in the notes to the financial statements.
1.3 Incoming resources
Income is recognised when the Charity is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and il is piobable that Income wll be re￿ived.
Income from ￿h0o1 fees Is recognised in incoming resources in the period that the sludenl has received
tuition from the School.
Cash donations are recognised on rèceipt. Other donations are recognised once the Charity has been notified
of the donation, unless performance conditions rèquire deferral of the amount.
Intangible income is not included unless il represents goods or services which would have otherwise bèen
purchased. Gifts in kind are valued and brought in as income as appropriate according lo their Class.
Donations receivable for the general purposes of the Charity are credited lo Unrestricted Funds. Donations for
purposes reslricled by the wishes of the donor are tsken to Restricted Funds where these wishes are legally
binding on the Trustees.
Other than deducting bursaries from gross school fees, none of the incoming resources have been included
nel of expenditure. Income is deferred only when the Charity has lo fulfil conditions before becoming entitled
to it or where the donor has specified that the income is lo be expended in a future period. Deposits and
school fees paid in advance for future periods are deferred.
12-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies
(Continued)
1.4 Resources expended
ReSoUr￿S expended are induded in the slalemenl of financial activities on an accruals basis, and are
recognised when there is a legal or constructive obligation to pay for expenditure.
Certain expenditure is directly attributable lo specific functional activities and has been included in those cost
categories. Certain other costs, which are attributable lo more than one functional activity, are apportioned
across cost categories on the basis of an estimate of the proportion of lime spent by staff on those activities
or based on the esb"mated use of the resource Con￿Med or spats occupied.
The Charity is not registered for VAT. All expenditure is therefore slated inclusive of VAT where applicable.
1.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, net of
depre¢ialion and any impairment losses.
Depreciation is provided at rates calculated to write off the cost of all fixed assets, less their estimated
residual value, over their expected useful economic lives on the following basis..
Leasehold property
Computer equipment
Furniture and equipment
20Qh per annum - reducing balance
33 /0 per annum - reducing balance
20 % per annum - reducing balance
Assets within leasehold property that could not be moved lo a new sile are written off over the term of the
lease.
The gain or loss arising on the disposal of an asset is delemiined as the difference belween the sale
proceeds and the carrying value of the asset, and is recognised in nel incomellexpendilurel for the year.
1.6 Flx&d asset Investments
Fixed asset investments are initially measured at transaction price excluding transadion Costs, and are
subsequently measured at fair valLJe al each reporting dale. Changes in fair value are recognised in net
incomellexpenditurel for the year. Transaction costs are expensed as incurred.
1.7 Impairment of fixed assets
At each reporting end dale, the Charity reviews the carrying amounts of ils tsngible and intsngible assets to
delerrnine whelhei there is any indication that those assets have suffered an impaitmenl loss. If any such
indication exists, the recoverable amount of the asset is eslimaled in ordei to determine the exlenl of the
impairment loss lif any).
Recoverable amount is the higher of fair value less costs lo sell and value in use. In assessing value in use,
thè estimated future Cash flows are discounted lo their present value using a pre-tax discount rate that ieflects
current market assessments of the time value of money and the risks speafic to the asset for which the
eslimales of futur& cash flows have not been adjustèd.
If the recoverable amount of an asset is eslimaled lo be less than its carrying amount, the carrying amount of
the asset is reduced lo ils recoverable amount. An impairment loss is recognised immediately in incomel
lexpendilurel for the year, unless the relevant asset is carried at a revalued amount, in which case the
impairment loss is Irealed as a revaluation decrease.
1.8 stocks
Stocks are slated al the lower of cost and net realisable value after making due allowance for obsolete and
slow moving items.
13-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies
(Continued)
1.9 Cash and cash equivalents
Cash and cash equivalents Include cash in hand, deposits held al call wth banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowngs in eurrenl Iiabililies.
1.10 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Inslrument5' and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the finanual slalemenls, when
there is a legally enfoiceable right lo sel off the recognised amounts and thère is an intention to settle on a
nel bssis or to realise the asset and settlè the liability simultanèously.
Basic financial assets
Basic financial assets, which include investments, debtors and cash and bank balances, are initially
measured al transaction price including transaction costs and are subsequenuy carried al amortised cost
using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the
transaction Is measured al the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable wf(hin one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the assets expire or
are settled or when the Charity transfers the financial assets and subslanlially all the risks and rewards of
ownership to another enlily.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement conslitules a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted al a market rate of interest. Financial Iiabililies classified as payable
within one year are not amortised.
Debt Instruments are subsequenuy carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired In the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
1.11 Retirement benefits
The Charity contributes to the Teachers, Pensions Scheme (England and Walesl at rates sel by the Scheme
Actuary and advised lo Council by the Scheme Administrator.
The Charity also conlribules lo a defined contribution scheme for non•leaching staff al 6% of basic pay.
1.12 Leases
Rentals payable under operating leases where substantially all of the benefits and risks of ownership remain
with the lessor, are charged lo the Statement of Finanaal Activities on a straight line basis over the term of the
relevant lease.
14-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies
(Continued)
1.13 Support costs
Support costs include expenses which enable charitable activities and fund generating to be undertaken.
These costs include finance and human resources and are allocated on a basis consistent with the use of the
resource.
1.14 Governance cost5
Governance costs comprise the costs of running the Charity, including strategic planning for ils future
development, any legal advice for the Trustees. and all the costs of complying with constilulional and slalulory
requirements, such as the costs of Board and Commrttee meetings and of preparing statutory accounts and
satisfying public accounlabilily.
1.15 Employee benefits
Termination benefits are recognised as an expense when the Charity is demonstrably committed to temiinate
the employment of an employee or to provide termination benefits.
Income from donations and legacies
Unrostrlcted ReStrI￿￿d
funds
funds
2023
2023
Totsl Unrestrlctgd Restrlctgd
funds
funds
2022
2022
Totsl
2023
2022
Donations and gifts
305
305
5,000
5,000
Donations and gifts
Frederick Mulder
Foundation for curriculum
development
Other
5,000
5,000
305
305
305
305
5,000
5,000
15-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Charitable activities
2023
2022
School fees
Less bursaries
525,892
500,121
19,7831
525,892
490,338
Analysis by fund
Unrestricted funds
Restricted funds
476,613
49,279
525,892
For the year ended 31 August 2022
Unreslricled funds
Restricted funds
441,003
49,335
490,338
Income from Investments
Unrestricted Unrestricted
funds
funds
2023
2022
Interest receivable
1,554
95
Other Income
2023
2022
Registration fees
School trips and plays
Other income
550
3,580
7,071
550
3,782
2,847
11,201
7,159
16-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Raising funds
2023
2022
Costs of
ener2tin
volunts
Other fundraising costs
income
590
590
Charitable activities
2023
2022
Staff costs
Depreciation and impairment
School trips
Additional leaching and training
Books and teaching supplies
Milk and food
Rent and rates
Cleaning and waste Collection
Repairs and mainlenan
Computer maintenance
Insurance
407,312
8,746
6,140
19,647
10,281
1,702
36,216
17,546
6,392
5,231
8,785
13,089
317,599
8,747
120
17,332
10,832
3,724
38,077
15,487
8,315
5,252
7,555
3,680
539,087
434,720
Share of support costs Isee note 81
Share of governance costs (see note 81
54,923
20,968
34,278
13,095
614,978
482,093
Analysls by fund
Unrestricted funds
Restricted funds
565,699
49,279
614,978
For the year ended 31 August 2022
Unreslricled funds
Restricted funds
432,508
49,585
482,093
17-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Support costs
Support Governance
costs
costs
2023
2022
Staff costs
Staff rectuitment costs
Phone postage slal'nery
Photocopier leasing
Sundries
47,927
1,713
3,236
1,028
1,019
5,325
53,252
1,713
3,236
1,028
1,019
33,003
1,195
1,352
1,920
108
Legal and professional
Independent examiner's fee
Regulatory fees
Consultsncy costs
Sundries
5,846
6,918
2,490
384
205
5,646
6,918
2,490
1,155
4,040
3,232
590
778
205
54,923
20,968
75,891
47,373
Analysed bebNeen
Charitable activities
54,923
20,968
75,891
47,373
Governance costs includes payments to the independent examiner of £2,76012022.' £2,760) for independent
examination fees and £4,158 {2022'. £1,280) for other services.
CounGII Of Governance
None of the Trustees {or any persons connected with them) received any remuneration 12022.. £nill or
expenses during the year12022.. £nill for their serVI￿S as Trustees.
18-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
10 Employees
Numberofemployees
The average monlhly number of employees during the year was..
2023
Number
2022
Number
Teaching
Adminislralion
15
14
17
Employmgnt ¢o$ts
2023
2022
Wages and salaries
Social security costs
Other pension costs
378,823
26,798
54,943
289,934
19,566
41,102
460,564
350,602
The lolal employee benefits of the charity's key management personnel for the year were £67,40912022'.
£62,855).
There was one employee whose annual remuneration was £60,000 or more12022'. one).
11 Taxation
The charity is exempl from taxation on ils activities because all ils income is applied for charitsble purposes.
19-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
12 Tangible fixed assets
Leasehold
property
Computsr Furnlture and
equlpment
equlpment
Totsl
Cost
At 1 September 2022
Additions
121,365
18,740
4,273
21,282
300
161,387
4,573
At 31 August 2023
121,365
23,013
21,582
165,980
Depreclatlon and Impalm)ent
At 1 September 2022
Depreciation charged in the year
108,297
2,613
11,418
2,885
15,189
1,248
134,904
6,746
At 31 August 2023
110,910
14,303
16,437
141,650
Carrylng amount
At 31 August 2023
10,455
8,710
5,145
24,310
At 31 August 2022
13,068
7,322
6,093
26,483
13 Flxed asset Investments
Unllsted
Investments
Cost or valuation
At 1 September 2022
Additions
19,545
177
At 31 August 2023
19,722
Carrying amount
At 31 August 2023
19,722
At 31 August 2022
19,545
Fixed asset investments comprise UK bank bonds and capital reserves.
-20-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
14 Debtors
2023
2022
Amounts falling due within one year:
Fee debtors
Other debtors
9,150
2,587
4,415
1,551
11,737
5,986
1 S Creditors: amounts falling dua within one year
2023
2022
other taxation and social security
Trade creditors
Other creditors
Fees received in advance
8,001
12,302
6,389
51,654
6,912
33,400
42,905
78,346
83,217
16 Retirement benefit schernes
The School's employees belong to two principal pension schemes.. the Teachers, Pension Scheme England
and Vvales ITPSI for academic and related staff., and the NEST pension scheme for it's non teaching stsff.
Contributlons of £6,389 were payable at 31 August 202312022.. £nill.
lal Teachers. Penslon Scheme
Introductlon
The TPS is an unfunded mulli-employer defined benefits pension scheme govemed by The Teachers,
Pensions Regulations 2010 las amended) and The Teachers, Pension Scheme Regulations 2014 las
amended). Members Contribute on a 'pay as you go. basis with contributions from members and the employer
being credited lo the Exchequer. Retirement and other pension benefits are paid by public funds provided by
Parliament.
The employer contribution rate is set by the Secretary of Slate following scheme valuations undertaken by the
Government Actuary's Department. The most recent actuarial valuation of the TPS was based upon 2020
data. The outcome confirms a need to increase the employer contribution rale by 5 percentage points from 1
April 2024 to ensure that the Scheme continues to meet present and future obligations. The Department of
Education appreciated that the result means Independent Schools that participate in the Scheme will be faced
with additional costs that aren't funded. It's hoped that the information shared. previously will have helped in
planning for the change,
The employers pension costs paid lo the TPS in the period amounted lo £46,48412022'. £32,914).
Ib} NEST pension scheme
The School also run5 a defined contribution scheme for ils non leaching staff. The employer's contribution
was £8,45912022". £8,188) for the year.
21

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
17 Restricted funds
The income funds of the Charity include restricted funds ￿mprising the following unexpended balances of
donations and grants held on trust for specific purposes..
Movement in funds
Incomlng Resources Balance at 31
resources
expended August 2023
Balance at 1
September
2022
EHCP funding
Frederick Mulder Foundation
49,279
149,2791
10,000
10,000
10,000
49,279
149,2791
10,000
The ECHP funding was for PLJpils to attend the School.
The Frederick Mulder Foundation funding was for curriculum development.
18 Unrestrictsd funds
The movement of funds for the year ended 31 August 2023 were as follows..
Movement In funds
Incoming Resources
resourcas
expended
Balance at 1
September
2022
Tran$f9rs Balance at
31 August
2023
Designated ftjnd - bursary Capital ftjnd
Designated fund - In extremis fund
General unrestricted funds
19,545
163,200
197,611
177
{32,7001
32,523
19,722
130,500
154,108
489,873
565,699
380,356
489,873
565.699
304,330
The Council has designated certain parts of the unrestricted funds as detailed above. The designated funds
above all represent balances at bank of which £19,722 is held in investments in a capital bank reserve.
The Trustees have built up the bursary capital ftjnd to enable future bursaries to be offered and a further transfer
of £177 from unrestricted general funds for this purpose was made in the year.
The Trustees transferred £32,700 from the Extremis fund in the year so the fund balance represents a realistic
assessment of financial commitments in these circumstances.
-22-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
19 Analysis of net assets between funds
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
Fund balances at 31 August 2023 are represented by:
Tangible assets
Investments
Current assetsllliabililiesl
24,310
19,721
260,299
24,310
19,721
270,299
10,000
304,330
10,000
314,330
Unr9Stricted
funds
2022
R9Strl¢ted
funds
2022
Totsl
2022
Fund balances at 31 August 2022 are reprgsented by:
Tangible assets
Investments
Current assetsllliabililiesl
26,483
19,545
334,328
26,483
19,545
344,328
10,000
380,356
10,000
390,356
20 Oporatlng lease commllments
At the reporting end dale the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases for land and buildings due in under one year of £32,02812022'. £32,028) and
for equipment due be￿een two and five years of £4,01512022.' £7751.
21 Related party transactions
There were no disdosable related party transactions in the year {2022'. £nill.
22 Share Capital
The company is limited by guarantee having no share capitsl. In the event of a wnding up each member
agrees to contribute a sum not exceeding £1.
-23-

PARK SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
23 Cash generated from operations
2023
2022
(Deficitllsurpus for the year
178,0261
19,909
Adjustments for..
Investment income recognised in slalement of financial activities
Depreciation and impairment of tangible fixed assets
11,5541
6,746
1951
8,747
Movements in working capital..
Ilncreasel in stocks
Ilncreaselldecrease in debtors
IDe¢reasellincrease in creditors
{501
15,7711
14,8711
11201
17,978
27,132
Cash (absorbed byllgenerated from operations
181,5261
71,551
-24-