Company No. 226143 BRYANSTON SCHOOL REPORT OF THE GOVERNORS, STRATEGIC REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
BRYANSTON SCHOOL INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 Page Company Informatlon Report of the Governors (including Strate8ic Report) Consolidated Statement of Financial Activities Balance Sheets Consolldated Statement of Cash Flows 18 Notes to the Consolidated Financlal Statements 19 Report of the Independent Auditor$ 33
BRYANSTON SCHOOL COMPANY INFORMATION for the year ended 31 August 2024 GOVERNORS: E R Benedicc- Chairman {APPointed 8 Februory 2024) N Bickford - Vice Chairman P D Barnet¢ FCA (Appointed 13 November 2023) B Broad A W Browning {Re5igned 26 October 2023) C H Buckberry, MBE. FREng, FinsrP, Wcoe, CEng (Appointed 26 Morch 2024) P P Chappatte (Appointed 20 December 2024) S O Conran (Resigned 16 March 2024) J A F Fortescue. BA J R Greenhlll, MA, KC (Resigned 31 August 2024) R E Mcllwaine IAppolnted 22 June 2024) C G Martln, MA, ACA M E McKeown, BA, Msc J E Rodei'ick L M V Soden. BA (Hons), MA J Spence (Appolnled 20 December 2024) R W Swallow COMPANY SECRETARY: N J Dodd (Resigned 6 Jonuory 2025) A D Clarke (Appolnted 6 Jonuary 2025) HEAD: R G Jones REGISTERED OFFICE: Bryanston School Blandford Forum DTI I OPX REGISTERED COMPANY NUMBER: 226143 (England and Wales> REGISTERED CHARITY NUMBER: 306210 Page I
BRYANSTON SCHOOL COMPANY INFORMATION for the year ended 31 August 2024 AUDITORS: Haysmac LLP l O Queen Street Place London EC4R I AG BANKERS: HSBC Bank plc 17 Market Place Blandford Forum DTI17AG SOLICITORS: Steele Raymond Richmond Point 43 Richmond Hill Bournemouth BH2 6LR Farrer and Co 66 Lincoln's Inn Fleld5 London WC2A 3LH INSURANCE BROKERS: A J Gallagher 8 Albany Park Cabot Lane Poole Dorset BH177AZ Page 2
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 The governors presenc cheii- Annual Report, which includes their Strategic Reporr, and the audired consolidaced financial statements of the charity and its subsidiary for the year ended 31 August 2024. The financial statement5 are prepared in accordance with the Charitie5 Act 201 I, the Companies Act 2006. the Memorandum and Articles of Associatlon, the Charities SORP (FRS 102) (Second edition). STRUCTURE. GOVERNANCE AND MANAGEMENT Governors The governors are a150 the directors for the purpose of company12w and triJstee5 for the purpose of charity law. The governors of the company in oflice on 31 ALtgust 2024 were as shown on page I, all served throughout the year and ro the date of this report except where indicated, The governors are the members of the company and constitute togecher the Council of Management. All governors give thelr tlme freely and did not receive remuneration during the year. Detalls of any reimbursed travel and accommodation expenses are disclosed in note 6 to the accounts. Under Article 16 the governors retire by rotatlon after holdlng office for three years and are ellgible for re4ppolntment. Governors holding office prioi. to the adoption of the new artlcles, In November 2024, are eligible for re-appointment provldlng their total term does not exceed 12 years. Governors appoinced after the adoption date are eligible for re- appolntmen¢ twlce. The followlng Governor is due to retire by rotation at the forthcoming AGM and Is ellgible for re- electlon: C G Marcln Governlng Document The company was incorporated in 1927, and 15 governed by its Articles of Associatlon. last altered by Speclal Resolutlon on 25 November 2024. The most recent update included a change of name from Bryanston School Incorporaced to Bryanston School. Recruitment and Tralnlng of Governors The Governance and Nomlnations Committee considers the Strength and balance of expertlse wlthln the Governlng Body and makes recommendatlons from time to tlme to the Councll of Management, most obviously at the Annual General Meecing, as to the recrultment of new governors. When recrultlng new governors an Important atti'ibute Ss a passion for the work of the school. believlng that educatlon should impart a real sense of meaning and purpose and develop open and enqulrlng mlnds. Upon appolntment, new governors are invlted to spend a day at School, to meet staff and explore current issues. They a150 undertake speclfic trainlng modules for thelr Induction to the Govei'nlng Body, Individual Governors attended a total of one external tralnlng days during the year and collectlvely the Governors attended a facilitated Strategy day. Organlsational management The Council of Management meets at least four times a year ac Bryanston. A number of commlttees support the work of the Council of Management. The senior commlttee is the Flnance and General Purposes Commiltee which meets at least four times each year, some two to three weeks ahead of the Council of Management meetings. Other long-standing committees are the People Committee, the Child Protection Advisory Committee, the Rl$k Committee, the Health and Safety Committee, the Education Committee, the Customer Committee, the Governance and Nomlnations Committee, and the Development & Foundarion Committee which each meet two to three times a year. Page 3
BRYANSTON SCHOOL REPORT OF THE GOVEBNORS for the year ended 31 August 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT (continued) Key Management Personnel The day-to-day running of the School is devolved to the Head. supported by the Chief Operatlng Officer and the Executive Committee. The pay of Key Management Personnel is reviewed annually by the Governors, who consider changes in average earnings and to the exnt that data is available, benchmarks In the independent education Sector. Group structure and relationships The School has a wholly owned trading subsidiary company whose principal activities include the provision of course5 durlng Bryanston School's hollday periods and the operation of retail shops and a theatre. The trading performance of che subsldlary is dealt with below. The School also controls a charitable foundation whose principal objective is to provide items, service5 and facilities for the pupils of the School, which advance the purposes of ¢he School. OBJECTS AND AIMS Charitable objects The Charlty's object, as set out In the Artlcles of Assoclation is "to odvance the education of boys and girls by the Provision of a day and boarding school in or neor Blandford Forum, Dorset and by other incidental and ancillary educational oaivilies and other associated oclivitie5 for the benefit of the community." Aims and Intended impact The School provides boarding and day educatlon to chlldren between the ages of 3 and 19., It also runs a number of hollday educa¢lonal courses and educational communlty-ba5ed actlvltles. The School's policy is for its puplls to atcaln the hlghest academic standards as well as providlng an extra-curricular programme which aims to develop life-long lelsure Interest$ and helps build self-confidence and a desire to contribute to the community. We value creativlty, individuallcy and Yarlety and we want our young people to fulfil thelr talents wherever they lie. At the same time, we seek to nurture integrity* responsibility, compasslon, and self-discipline within the context of the demands set by the lively school communlty. The Importance of family Is never underestimated at Bryanscon and one will often hear mention of the 'Bryanston FamSly" Children learn to be parc of a communlty and supporc one another durlng thelr time at school; frlendships forged here evolve, deepen, and very often last a Ilfetime. Bryanstonians are encouraged to be creatlve, energetic, and particlpative; being tolerant of o¢her people's vlews whllst able to artlculate their own,. to be keen to do well and have a sense of what matters. Bryanston Is not just a five-year experlence; instead, pupils and theii. parents all become life member5 of "Beyond Bryanston" a family that continues to supporc each other, in practical ways through a thrlving career mentoring network, where members are willing to give thelr time freely. Objectives Our objectives are set to reflect the aims and ethos of the School. It is important to us that we maintain and enhance the academic success of the School but also the academic achlevements of each Indivldual pupil. The School encourages pupils to be active learners by giving them a depth of experience rhat stimulate5 Illtere5t, creativityi and hope. In setting our objective5 and planning our activity the governors have given regard to the Charity Commission's guidance on public benefit and to Its supplementary public benefit guldance on advancing education and on fee charging. Page 4
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 ETHOS STRATEGY AND POLICIES Bryanston is a school which rejoices In its motto- el nova et vetera. We al-e a young enough school to have a ci-yscal- clear vision of our direction and values, much of them described by our founder in 1928. and these imbue all we do here. We live by oui. values thir I'eflecc Olir commitment to individuality, which lies at the l)e1t rt of our appi'ocich and culture. This is evident in our people, along with a spec.ific l<ind of ci'eativity that inspires innovative thinking and challenge acr055 all discip5ine5. JI c1*1dlkn'QfjLt&1IC..oui'.%XQya[LLeXdI Our distinctive values spea1< to the open-minded, challengir)g, and inspiring nature of che Bryanston experience, our liumanity and out. pupils who are curious, self-reliant, and pui'poseful. Beyond the School, Bryanston embrace5 educational, cultural, and social initiatives, Bryanston lias a discinctive appi-oach to education which encoui'ages, enables, and supports pupils on theii. journey. We are ambitlQU5 for. every pupil. We see creacivicy as a praccical and essential element in thli)kii)g aci.oss all disciplines, which Inal<es Bi-yan5ton a vei-y diffei-ent learning expei'ience. Our approach is fii'mly focused on tho individual and we worl< tii'elessly to ensure that each pupil not only achieves tho results they deserve, but also learns co think independently, be self-reliaiit and exploi'e new intere51S. Bryansron has a unique culture whlch celebrates the individual and their potential. We are proud to be diffei"ent. We See ourselves a5 travelling beslde our pupils and guiding them on their educational journey. The expei'ience tLt school is a collective endeavour to better pi-epare oui- pupils for their lives ahead. Bryanston is an open minded, challenging, and Insplring envlroninent for personal growth, where we provldo the space for puplls to find their own passions. The bi-eadth of oiii- offcr reflect5 the range of pupils, interests, beyond the coi)vei)tional to the ci'eative, pi'actlcal, and vocational, including focus ai-eas wliere we speciali5e and offer support, The School recognises its responsibllity to safeguard and promote the welfare of its pupils and expects all staff and volunteers to be commltted to share this responslbillty, whlch encompasses: Protecting chlldren from maltreatment Preventlng impairment of chlldren's health or development Ensurlng that children grow up in cSrcuMStances consistent with the provlslon of safe and effe¢tlve care Taking action to enable all chlldren to have the besc life chances. Access pollcy Our fee5 are Set at a level to ensure the financial viability of the school and to enable us to contlnue to provlde the highest quality education co all our pupils. It Is Important to us that access to the education we offer is not restricted only to those who can afford oui. fees and the school welcomes and encourages pupils from all backgrounds and of all financial mean5. We believe our puplls bersefit from learning within a diverse communicy. A great deal of learning occurs through social interaccion, conversation and shared experience which helps our pupils develop an understandlng of the perspectlves of other people that will be vital in their adul¢ Ilves. Bursary policy The governors view bursary awards as important In both fulfilling our charitable objectives and helping pupils who wish to come to the School, but whose famllles would find it impossible to pay the full fees. The allocation of such awards is dependent on an independent assessment of parental means firsc through the completion by parents of a Statement of Financial Circumstances form and ¢hen by interview. Recommendations from the independent reviews are then furcher considered by the Head and Finance Dlrector, Award5 may also be made to relieve hardshlp where a pupil's education and prospects would otherwise be at risk,. in such circumstancesi parents will again be asked to complete a Statement of Financial Circumstances form. In assessing means we take several factors into consideration including family income and expenditure. assets. Ind liabilities, known fimily circumstances, the parents, ability to improve financial circumstances or earning capacity and opportunities to release capital. Awards are a150 dependent on the School'5 limited re50urce5. The School receives some income for bursaries from its charitable foundation. Page 5
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 ETHOS STRATEGY AND POLICIES (continued) The School respect5 the confidenciality of individual bursary awards and hopes parents and pupils wlll also do so. In order thac the limited funds can be focused where there is greatest need, parents whose children are in receipt of a bursary are requested to bring to the attention of the Finance Dlrector any material improvement in circumstance5, but in any event the School retains the right to review award5 on an annual or termly basis. The criteria for a bursary, in addition to financial need are.. that the prospective pupll will fulfil the academic requirements for the appropriate year of entry that the prospeciive pupil will engage in the whole life of the School that the parents, the prospecrive pupil, and the Head agree that attendance at the School wlll be a positive experience for the pupil. The bursary awards range from SYD ¢0 I 00% remission of fees, bur the School also recognises that additional costs will be incurred by pupils to pay for extralco-currlcular activlties, equipment, and trips - and therefore discretionary awards are made by the Head ensuring all pupils can benefit from the full educational experience on offer. Information about bursarie5 is provlded to all applicants and is also available on our webslte, Certaln l 00% bursarles are also advertlsed in the local press. Family discount policy The School recognises the importance of famlly and welcomes slbllngs. As a pollcy the School does not offei- an automatlc famlly dlscount, buc Instead wlll focus support on need In accordance wlth our stated bursary policy. Scholarship policy The purpose of a scholarship Is to recognSse talent. Scholarships may attract a flnanclal award up to a maxlmum of l OY., but any scholarship may be supplemented by a bursary awarded In accordance wlth the bursary pollcy. Scholarshlps are available for junior and sixth form entry. Scholars are expected to be ambassadors for their specialism and contribute actlvely to the overall life of the School. Scholarships are offered in the followlng areas: Academic recognising hlgh academlc potential. Art - for pupils who show exceptional ablll¢y and promlse In palntlng, drawlng or three-dlmenslonal work. Deslgn Technology for candidates who show a real Interest In design and have sound practical skllls. Computer Sclence where pupils can demonstrate a good level of abllity in a wide range of IT Initiatlves. Muslc for enthuslastlc candidates who show considerable potentlal, Sporcs for pupils with not only sporting 2blllty, but also good temperament, motivatlon, and leadership skllls. Performing Arrs - for enthusiastic candidates who show considerable potential. All-rounder - recogni5ing candidates who possess the talent and personal qualities to make a significant ongolng contribution to the quality of school life. Scholarshlps are advertised on our webslte. Employees Arrangements exlst to keep all employees informed on matters of concern to them and information on the School's performance and prospects is di55eminated widely. Employment of people with disabilities It is the School's policy that people with disabilities should have the same consideration as others with respect to recruitment, retention, and personal development. Dependlng on their skills and abilities, they enjoy the same career prospects as other employees 2nd the s2me scope for re21islng potential. Page 6
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued) 2023124 was a year with numerous achievements and reasons to be proud. Pupll numbers remalned strong throughout the year averaging 682 in the senior school and 125 in the prep school. in Our mission for 5porr is straightforward yet powerful: to cultivate a Sense of belonging and develop a 'Team First. culture, Our goal is to install healthy lifescyle behaviours and a genuine passion for sport- a mindset and passion that our students will carry into adulthood. A whole-school approach to mental health and wellbeing involves the whole school community working together to build and embed processes and strategles to develop wellbeing for pupils. Mental health and wellbeing become pari of rhe fabrlc of the school, and It5 culture and ethos. Over 80 per cent of pupils represent the School in at least one sport and all participate in sport at least three times per week. The School has a history of sporcing success and excellence across a range of discipllnes. Pupils can ral<e parc In sport purely for the joy of it or to compete at the highest levels, both natlonally and internaclonally, As a through school. we have an aligned long tei'm athleric developinent model that supports this, Our Hlgh Performance Spoi't5 Programme provides a unique opporcunity for sports scholars and exceptionally talented young athletes to excel in thelr chosen spoi'ts. It is tailored for future professional sportspeople, offerlng a comprehen51ve support System. Coupled with our world-class facilities and comprehensive medical support, Bryanston provides an extraordinary platform for Its young athletes. We have held numerous sports events throughout the year. As part of our ongoSng effort5 to promote Sports for girls, the School hosted irs first School Sport Summit, in collaboi-acion with The Powerhouse Pi'oject, focused on empowerlng women and girls through sport. More chan 300 young women from state and independent schools across the south and west of England attended. This year, the School formed the Bryanston Sports Advlsory Board conslsting of hlgh-performance spor¢s leaders from various disclpllnes in the world of profe$51onal sports. This ensures our Sports programme consistently evolves at the highest level, nurtvrlng the growth and development of our young athletes. In support of Olsr 'sport for all. eth05, they offer 8Lsidance on our performance pathways, helplng identify, develop, and prepare pupils for high-performance 5porc5 careers. Creative and Performing Arrs combines the power of belief with imagination. They forge pachways into undiscovered worlds and empathy-coloured landscapes. Ac Bryanston, we teach pupils how to develop their talents and join them under collectlve creative vlsions. Learnlng to empathise, communlcate effectlvely, and collaborate is an essential part of being a performer. During the year, the School hosted the Imagine Art Exhibition in London, with 130 pleces of art on display in Gallery Eight and onllne, demonstrating the creativity and talent of current pupils. alumnl, and parents, At Bryanston we embi'ace the digital now and allow it to stream inco all areas of school life. This does not just mean emails and proficiency in Microsofc Office,. we encourage pupils to use technology to innovate and pioneer their visions as they move forward towards a more digltal future. Whether i pupil's pission is athletic, academic, or even agricultural, Bryanston aims to help them understand the value of technology in the evolving digital world. Our approach to digital educAtion is interdisciplinary. We understand that technology can be used to develop pupil's Imaginations, critical thinking skills and creative pursuits. Our cross-curriculum approach means that when pupils leave Bryanscon, they are ready to enter a world where technology is vital in every industry. Page 7
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (contlnued) ion As more pupils begin to engage with the commercial world. we want them to do so with foi"esighc and social consciousness at heart. Thi"ough imagination and innovation. our students not only discover what lights their fire. but also how their passions and vision5 can become pathways to enti'epreneurial futures. By supporting student enterprises, we encourage them to take their Ideas, develop them into products or models, and build thelr entrepreneurlal poi'tfolios, Enti'epreneurship should not solely be about fiscal gain, True entrepreneurship is about bringing innovatlon to the places that need it. We enable students to be bold, to be change-makers, understanding Ihat they hold che power to lead the way when it comes ro innovation. As entrepreneurship evolves further at Bryanston, we encourage pupils across every sector of Bi'yanston life to engage with entrepreneurship on some level. Academic Achievement$ The summer of 2024 saw success for our Upper Sixth with 96°A of pupils gaining a university place with 81 % achlevlng cheir first choice, A thlrd of all A Level grades were awarded A* or A equivalent across A Level and IB. Our IB pupils had a record year, where 64Yo of pupils achieved 40 polnts or more. Notably, two pupils achieved the maximum 45 points {puttln8 them In the top 0.5°A globally). Bryanston puplls headed to a range of prestlglous universltles both Sn the UK and overseas, Destlna¢ions Included Oxford. UCL, Imperial, Edinburgh, York, SOAS, King's College London and Warwick. Pupils also lolned Music Conseryatoires. Professlonal Dance Training Schoo15, Film Academics, as well as degree apprenticeships- emphaslsing the growing Interest In alternative pathway5 amongst Bryanston's Slxth Formers. The School celebraced the outstanding achlevemen¢s of Its Year I I pupils In thelr GCSE exams, Thls year's results reflect the hard work, reslllence, and dedlcatlon of pupils, supported by the exceptional guidance of the staff, 43% of grades were awarded 9 to 7, and 25°A of grades awarded were 95 and 8s. The highest Indlvidual total was an outstanding 112 points, with eight grade5 9s and fftye grade 8s. Our GCSE pupS1s continued to challenge themselves by galnlng new quallficatlons and learning new skllls throughout the academlc year. Qualiftcatlons Included., Bronze Duke of Edinburgh, ESB Public Speaklng, NPLQ Llfeguardlng and RFU rugby coachlng. Underplnning all our academlc achlevements is 'The Bryanston Method,. Our dlstlnctlve approach ¢0 educatlon wlth one- to-one tutoring, ensures that puplls are given the level of structure and support appropriate to thelr speclflc year group. be that emotionali pastoral, or academic. Wlth Bryanston Prep now followlng the well-established Bryanston Method, one-to-one tutorlng starts In Year 6, enabling us to begin to equip our puplls from an early age with the skills they need to become independent learners. All Bryanston Prep pupils are now using Apple Macs and IPads in classrooms, and Apple TVS have replaced all former screens. continuing to build on our digital pillar. Academic Enrichment Bryanston is a place where children learn to love their minds. There is no Bryanston 'type' our pupils think for themselves. Alongside high academlc standards and expectations, we provlde an emotionally and intellectually supportlve environment. allowing pupils to develop independent. creative, and unbounded thinking. More than 300 educators from across the UK gathered at Bryanston for the eighth annual Education Summlt This year's theme was 'The Times are A-changing: Future Proof Your Teaching,, inspired by Bob Dylan's iconic song. focused on embracing the ongoing changes taking place in the education system. The diy brought a series of inspiriftg talks delivered by expert speakers and leading educator5 addressing the evolution of education in a rapidly advancirig digital world. against more traditional teachlng methods. Page 8
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued) Sporting Achievements We have celebrated several notable team and Individual success stories over the past academic yeai-. Our rugby squad I XV were unbeaten, We have entered Rosslyn Park, West of England Seven5, PGS Sevens. Dorset Sevens to name a few. We have also been invited to the Seaford l Os for the first time. We currencly have two players involved in the Bath U18 Academy, two in the Ul 6 Bath DPP and a further four players in the U14 Bach DPP Programme. We are delighted to have former GB75 and England Captain, Tom Mitchell supporcing our rLtgby sevens programme from Januai-y. He will be working closely with Olir Head of Rugby to build a performance 7$ programme. The term finished with a successful Senior Rugby and Hockey dinner where PLtplls were rewarded for thelr commltment to their respective sports. In Hockey, the season started wlth many positives both from an individual and team per5peciive. The girls progressed Ihrough to the independent school's hockey cup and National cup. The School's pathway links have continued to grow and we currently have two puplls in the South Coast Talent Cencre. Several junior girls are also playlng club hockey at Bournemouth and several girls trialled for Dorset Hocl<ey. In Netball, Ceri Evans, who was on che coachlng team for Team Bath. was appolnted as Head of Netball, The U19s were Dorset County Champlons held at Bryan5ton through co regionals. The U16s won their Area Qualifiers and finlshed third in the County Flnals and the U15s reached the 3rd round of the Sisters in Sport Cup. More than 15 girls regularly compete in the Blandford League, We currently have three girls in the Team Bath ADC and PDP squads. In Football, over 60 pupils take part In our senlor programme. Our Head of Football, Mark Foster, Is now in his second year at Bryanston. The School Is now entered into the ISFA (Independent Schools Football A550ciation), ESFA (English Schools Football Assoclation) and Dorset Schools County Cup Competitions. In the Spring Term, Bryanston wis included in the SWIS (South West Independent Schools League) boys Seniors I st, 2nd, 3rd, 4th Xl and Juniors U15A&B, U14A&B age groups, The Senior l st & 2nd Xl Glrls are entered into the South-west Girls Independent Schools (SWGIS) League as one of the founding teams. This allows our pupils to compete with the strongest football programmes in the SW. The Senior boys, I. Team finished unbeaten in I18ames culminating in becoming winners of the U18 South West Independent Schools League in their debut season. Amasslng 42 goals In competltlons, they also reached the seml-final of the Dorset Schools County Cup. The School has employed two experienced football coaches in Jordan Tyrer and Paul Manning (Prep School) both who have coached at AFC Bournemouth. Bryanston Prep has experienced its firsE full term of Football and comprehensive fixture programme ac U I l and U13 level. Mark Foster has been coaching the pupils throughout the term. There has been some collaboration between che Prep and the senior site, This has included Bryanston hosting Prep Festlvals, PSP (Perfoi'mance Sports Progi'amme Sesslonsl wlth pi'ospecrive pupils, It has been anocher exciring term for the Equestrian Centre with rider5 coming from Lithuania. Jersey• Germany, France and Sweden along with our British riders! We have atcracted chlldren from across the country who joined the team in helplng Bryanston qualify for the Elite Championshlps at Hickstead where the team performed with ¢heir usual positive, upbeat and TEAM FIRST mentality. One rider qvalifled for the Hlcl<stead l. l Om elite Individual championships. The yard has grown again with more temporary stables meaning the huge influx of riders and their horses for 23-24 could be housed. During chis year we have seen outstanding professional development by the team who have successfully completed driving quallficatlons. BHS exams and passes with distlnctlon In their appi'enticeships. In Rowing, Jamie Pollock became the first Bryanston rower to be invited to GB U19 trials since 1989. He was then selected for the GB U19 World Rowing Championship Team where he rowed in the coxless pair, finishing 6th (GB'S highest placing in thls category since 2006), jamie is the first Bryanston rower to be selected for a GB team since 1993, and the first boy ever to be selected for the U19 World Championship team. Training continues to progress well with over 60 pupils opting for rowing this term. The juniors and seniors have competed at Bristol University, Monkton Coombe, Blue Frlars ind Weybridge Silver Sculls, The Boat Club also raced in the Dorset Indoor Rowing Champlonshlps. Our boys, and girls, teams raced in the Senior Open 5,000m team event. In Cricket, Richard Scott has joined the School as the new full time Head of Cricket, alongside his leid role at Dorset Cricket and as an England scout. Bryanston U14's crowned County Cricket Champion in an exhilarating Showdown at Ferndown Wayfarers. The U15s were crowned a5 County champions and have qualified for the national school's competition next Summer. Richard has created a performance winter programme, alongside individual timetabled ind early morning sessions. We currently have three boys in the Hampshire winter programme and one girl in the Surrey squad. Richard will be loolcing to further enhance the glrls programme and links with Bryanston Prep. Page 9
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued) The newly forined Swim, Bike, Run programme encompasses cross country, swimming, athletics and cycling under one umbrella. The programme is open to pupi15 from Year 11-13 of all abilities. Sports Scholars in Year 9 upwards are considered for early entry into the programme. The School'5 Head ol Swim, Bike, Run, Angus Young, has achieved international representation in triathlon, winter triathlon, and cycling, earning three podium finishes at the European and World Champlonships, Angus actively competes in endurance cycllng, recently setting world records, and winning prestigiou5 race5 like the Pan Celtic and Highland Trail 550. Over 40 students have represented Bryan5ton in eicher cross country or swimming this term. In March 2024, Bryanston hosted a Triathlon event at the School. In Kayaking. the SqL¢ad l'aced at two Hasler evenl5 in the first half of term. The club also entered the Reading K4 - racing in a 4-person kayak for the first time. The Bryanston crew finished in second place In Dlvislon C, in a field of15 K4 crews, Late October and early November brought widespread rain, brlnging the rlver$ of Dartmoor into perfect condition ju5( in cime for the Outdoor Adventure Expedition. Whilst some pupils had their first experience of white water on the lower reaches of the Riyer Dart, others further developed their whlte-water slcllls on the famous Loop section of the same river. Two crews also compeced at the National Schools Kayak Championships. In Squash, the I st team contlnued to achieve some excellent results. The &'rls' team thoroughly enjoyed playlng both genders in competitive and Ii'iendly macches. In Salllng, Bryanscon finished the 2023 competitive salllng season wlth the RYA National Youth Team Racing Champlonships ac Oxford. For the firsc time at Bryanston, we also included sailing in the C adventure training rotation, exposing the experienced sailors to the team I'aclng aspect of the sport but more relevantly, offering the opportunity for all Year l O pupils to experience saillng. Our Outdoor Educatlon programme over the Easter holidays offered a varied and excltlng array of actiylties. Four groups of A3 puplls travelled to the Brecon Beacons for their Gold DofE and twelve pupils took part in the 61. Ten Tors event in Dartmoor wlth the C year group team travelling 35 miles and the A3 year group ceam travelling 45 miles. Music and Performing Arts With a global reputatlon for the performing and creative arts, we welcomed another spectacular school musical performance of 'Phancom of the Opera.. Performed by senlor school pupils, It was an outstanding four-night theatrlcal produccion. Prep Schools, including Bryanston Prep and schools who are part of The Blandford Schools. Network attended the School's magnificent Coade Hall Theatre, In celebration of the popular ITV televislon show 'The Masl<ed Singer,, our dedicated Coade Hall team put on an incredible show for our pupils. featuring five exceedingly talented members from the Bryanston community performlng on stage in front of them. The Bry Masked Teacher was a triumphant 5ucce$5. Bry2nston was named winner of the Dynamic Performing Arts winner in the 2024 Muddy Stllettos Best Schools Award in july 2024, With more than 500 schools nationwide tal<ing part, the judges felt Bryans¢on 'stood OUL" Dui'ing the year. Bryanston announced the formation of its Art5 Advisory Board, comprised entirely of distinguished Old Bryantonlans (OBS). The Broad brings talent, knowledge, and experience, unlocking a myr12d of opportunlties for its puplls, especially those with aspirations to pursue a career in the creative and performing arc5 industry. In the summer, the School held its annual creative and performing arcs event, BryFest, a weel<-long major performance platform held during the final week of term. The festival bi'ought the whole community together, allowlng pupils to showcase their sl<ills, not just in drama, music, film, and dance but also in choreography, technical and dramatic direction, lighting and stage management and design. The festival included a range of drama, classical and l'ock band performances, dance shows, film shows. social events and DJ sets. BryRidio, the School's internet-based radio station continues its success. Based in (he Music School, the state-of-the-art station play5 pupil and staff selected music. alongside a wide array of recorded jingles, 24-hours-a-day. The pupil-led radio programme offers interviews, debates, Bryanston rkews, weather, local traffic. sports, drama, music and live lounges, and the station is played out on the campus, including in the School Shop, Café, Sports Hall, Ind Common Room. As well as providing an excellent opportunity for our pupils, we are also encouraging listeners in the wider Bryanston community. Page 10
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued) At Bryanston Prep, many of the impi-ovements to the school have been golng ahead behind the scenes. Revamped facilicies include an upgrade to rhe electrics, fire alarrn replacement system, water safety management system and a boiler upgrade, renovation and the more visible improvements inclLtde the creation of the Innovation Room in the main building. a redesigned Llbrary, and a dedicated outdoor classroom area and Forest School area Bryanston Enterprises Bryanston Enterprises is the business name for the commercial trading activltles of the Group and for the sport and recreational accivity courses provided during the school holiday periods. In December 2024, Bryanston opened Its doors to the local community and invited members of the public to enjoy classic Christmas films at Bryanston. Children were invited to dress up for the sing-along screenings and the School's new catering van provided mulled wine. popcorn. hot dogs, and other popular theatre refreshments, Movles Included 'Elf. 'The Holiday, and 'lt's A Wonderful Life,. In january 2024, Bryanston offered children's swimmlng lessons lor members of the public at our stace-of-the-art sports centre. The Bryanston Swimming Academy offers Rookie Lifeguard sesslons (for children aged 8-12) and 'Learn ro Swlm. lessons for those aged 5 to I l. During the Spring term, we had 70 registr2tion5 for swimming lessons and 25 registrarions durlng the summer term. We look forward to contlnuing the development of che Bryanston Swimming Academy. The popular sports and actlvity courses took place during the Easter and summer holidays. Durlng Eas*r 2024. 92 attended courses, which increased to 274 over the summer holidays. Charity and Public Benefit The generoslty and Support of the Bryanston family is central to the School's ethos and culture. Philanthroplc contrlbutlons ensure additional enrichment for all our puplls and enables LIS to wlden access and retain our breadth of educatlon. Notable whole-school fundralslng activities from this year inclL¢de our A2 Charleies Weekend organised by the Heads of School, which raised a total of £16,000 following a fanta5tlc programme of events. The money raised for Rlght4Children, a Nep21-based NGO, We are proud to maintain our long-standing tradirion of hosting Tuesday Club, a small gathering for the older generation that live locally. providing tea arid entertalnment. Organised by our Chaplain and with support of our Pioneering pupils, the club continues to welcome people from the local community to the school. We take our role and responsibi1Sty as a member of the local community seriously and maintaln our position in the Blandford Schools, Network, a group aiming to offer all the Blandford area children a rlch, Incluslve, and challenging educacion. We work with other schools in the necwork to discuss key pastoral Issues and share resources. In July 2024, Bryanston held its BryGlving 2024 campaign, raising £170,000 for transformational bursaries, partlcularly for those joinlng via the Royal Springboard Charity. The 36-hour event included Old Bryanstonlans. puplls, parents. staff. and friends of the School. The school also brlngs a slgnlficant economlc contribution to the local area. using the Economic Impact Assessment Tool developed by Oxford Economics and the Independent Schools CoL¢ncil, the schools economic Impact Is as follows: Contribution to the UK GDP- £43.7m Contributlon ro North Dorset's GDP - £22.9m Total number of jobs in North Dorset supported by the School'5 activities - 714 UK Tax supported by the School's actiYitie5 £13.1 m Savings generated for the UK taxpayers as a resul¢ of pupils attending Bryan5ton, who otherwlse could take up free UK state school places - £4.8m Page 11
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 FINANCIAL REVIEW The results for the year aiid financial position of the group are Shown in the attached financial statsmei)ts. Tocal income increased by £2.5m (8.4Y.) when conipared to 2023 and expenditui-e increased by £2m, after taking account of rhe investment gains (£437,000) the resulting net surplu5 for the year was £552,000. The Governors have continued to improve the fabric and facilitie5 of the School investing £1,007,000. Bursaries The value of means tested awards totalled £3,541,000 (2023: £3,522,000) and represented 11.3% of gross fees12023: 12%}, helplng 172 pupils (2023 ., 191 > 13 of whom benefired from full remission and a further 15 at over 90% remisslon12023', 19). Scholar$hlps Scholarship only awards amounted to £659.000 (2023: £588.000) and were provided to 77 pupils (2023: 88 pupils). In addition, a further 60 {2023: 52) scholars received remission In the form of scholarship plus bursai'y ZLnd the value of the combined award is included in the figure relating to bursaries. Investment powers As a charity the parents of our pupils have the assurance that all income musc be applied for educational purposes. As an educatlonal charity the school enjoys tax exemptlon on the surplus provided it is applied for our charitable aims. As a charlty the school has been eligible for an 80Yo reduction in business rates on the property It occupies for charitable purposes, whSch has been worth £550,000. With effect from Aprll 2025, thls relief wlll be wlthdrawn. Reserves The total funds held by the school are £38.7m (2023: £38,1 m), of whlch £3,7m (2023.. £3,4m) 1$ held Sn restrlcted funds. At the year end date, the school had total ur¢restricted funds of £35.Om (2023: £34.7m). The Value of unrestricted funds Is more than exceeded by the value of fixed asset5 £43,4m (2023: £43.8ml. The excess value of flxed assets over unrestrlcted funds is £8.4m (2023: £9.1 m) and means that whlle there Is Inves¢men¢ in the school's assets to keep 1¢ at the forefront of the Independent school sector free reserves, as defined by the Charltles SORP, wlll no¢ be malntained. The Governors monltor the level of cash reserves on a monthly and termly basis and revlew the policy on an annual basis. The Governors are satisfied that the school has sufficlent woi'l<ing capltal to meet It needs for the foreseeable future and to enable it to manage and respond to unforeseen situatlons. Fundraislng standards The Govei'nors recognise the Importance of meetlng the hlghest standards of practice and care in relatlon to fundralslng activi¢le$. Bryanston has slgned up co che fundraislng code of practlce and voluntarily registered wlch the Fundraising Preference SeThlce (FPS). The School keeps benefactors informed about fundraising activities chrough regular newsletters and reports and infoi'mation about FPS and GDPR was first included in the 2018 annual publication of the Philanthropic Impact Report, All fundraising activity Is carrled out by Bryan5ton staff, who all have received training on fundraising standards. No complaints have been recelved. Bryanston raises funds from Old Bryanstonlans (OBS). associated past and current parents, staff, and those with a personal connection with the School and does not undertake general fundraislng campaigns to members of the public. Page 12
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued) Asset cover for funds Note 18 to the accounts sets out ar) analysls of the asset5 attributable to the School'5 fund5. These assets are sufficienc to meet the School's obligatlons on a fund-by-fund basis and no fund was in deficit at the year end date, STREAMLINED ENERGY AND CARBON REPORTING (SECR) Energy consumption was as follows: 2024 2023 UK energy use ( l ) kwh Associated Greenhouse gas emissions {2) Tonnes C02 equivalent Intensity ratios Emissions Per Pupil (tC02e per Pupil) Emlssions per m (tC02e p¢i' n) ) 9,958.617 9,149,052 1,877.67 1,739.66 2.33 0.03 2.14 0.03 UK energy use coyers the prlncipal ac¢ivStles of the group and incoi'porates elecrricicy use. natural gas use and fuel used In company owned vehicles. The total energy use has increased when compared to 2023. Quantlfication and reportln8 methodology We have followed the 2019 HM Government Envlronmenttl Reportlng Guldelines, We have also used the GHG Reportlng Protocol Corporate Standard and have used the 2024 UK Government's Conversion Factors for Company Reporclng. The data has been collected from supplier Invoices and then converted Into greenhouse gas emisslons. Intensity measurement The chosen two intensity measurement ratlos are (11 total gross emisslons In metric tonnes C02e per pupll,, the recommended ratio for the sector and given pupil numbers vary year on year and the majority of energy con5umptlon relates to gas and electrlclty (21 total gross emlsslons In metrlc tonnes C02e per square meter of buildings is also an appropriate Intensity measuremenL Measures taken to improve energy efficiency In the perlod under revlew the school has Continued its programme to replace old light fittlngs wlth modern LED lamps having replaced approxlmately 3,000 unit5. Added further electric charging points around the campus. Continued a programme of replacihg old boilers with new energy efficient boilers. Completed and submitted Its ESOS111 asse55ment. Explored wirh the planning authorities the possibilltles for roof and ground mounted PV panels. Page 13
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 PLANS FOR THE FUTURE The Governors are very aware of tlie difficult and uncertain maci"o-economic climate IhaL conrinues ¢0 exlsr and acknowledge that challenges for fee paying parent5 do not diminish. They are also aware of che challenges facing the Independent School sector 2nd therefore to ensure the school maintains a competitive position, widen5 access to the educatlon It delivers, and provides the best care and opportunities to our pupils. the l<ey focus area are: To strengthen our fundraising and development reach to enable ongoing and meaningful relationships with our alumni and to build a significant bursary fund. To develop sigr¢ificant alternative streams of income to reduce the strain on the school's financial model and to generate funds to reinvest back into our educational provision and experience for our pupils. Continuou5 improvement to deliver the highesl standards of educational provision, responding to the changing UK academic examination landscape and the changing needs of pupils and parents To continue to invest training and wellbeing support for our staff. To ensure that Bryanston Prep achleves its ambitious goals following the strateglc Investment In Infrastructure, facilities, and other resources. To improve the flexibility of our boarding capacity. To further build on che growing strength of our relatlonshlps with other schools, educational institutes. industry. sporting bodies and the local community with whom we can mutually work and support. To improve our carbon footprint, through investment In educatlon and In energy efficiency. RISK MANAGEMENT The Council of Management Is responsible for the management of the risks faced by the School and for maintaining adequate systems and controls to help mltigate those risks to acceptable levels. The Council of Management operates through a sub-committee structure with each commlttee focuslng on a key area of operation. All committee5 comprise a mlx of Governors, Executive team, and staff. The Councll of Management meet5 once a term and, at each meetingi members of the Executive Team and every committee report formally to Councll of Management. The day-to-day management of risks is delegated to the School'5 Executive, who have established a Risk Committee, whlch meets 3-4 times a year and reports each term to the Govei'nors, Finance and General Purposes Commlttee, Further conirols,. Each commlttee has formal wrltten Terms of Reference adopted by the Councll of Management Formal agendas are issued in advance for all committees and Councll of Management meetings. Minutes of the meetlngs are maint21ned, and clear actlon points identlfied. Strategic development plan is reviewed at leasc annually by the Council of Management Written pollcles, whlch are revlewed at least annually by the policy holder and by the relevant Governor led sub-commlttee and published on the School's website and further staff only pollcles are cSrculated and publlshed on the School's IncraneL Safeguarding procedures, Including safer recrultment, and trainlng for all new staff and at least bi-annual formal safeguarding tralning for all other staff and Governors. Comprehensive budgeting. financial management and revlew Risks are identified, assessed and controls established throughout the year by the Risk Committee, and a formal review is presented, together with the I'isk register, to the Executive Committee and then the Finance and General Purposes Committee for dlscussion before presentatlon at Council of Management. The Council of Management are satlsfied that the major risks w which the charity is exposed are reviewed at sufficient frequency and Systems have been established to mitigate these risks. As a part of this review the Councll of Management has identified the following prlncipal areas of risk and uncertainty.. l ) Fallui'e to deliver the Bryanston Operating Model 2) Failure of IT security or compliance breach 3) The uncertain macro-economic climate and the changes to the taxation status for independent schools and as a consequence the affordability of school fees for parents. The Governors, vi2 the Executive Committee and the Risk Committee have implemented controls and policies to mitlgate these risks. The Risk Committee will contynue to regularly assess the existing and emerging risks facing Bryanston and the Steps being taken to reduce those risks and will adjust the risk register to reflect any changes. Any short-term high impact risks will be monitored very closely. Page 14
BRYANSTON SCHOOL REPORT OF THE GOVERNORS for the year ended 31 August 2024 STATEMENT OF GOVERNORS. RESPONSIBILITIES The Governors (who are also directors of the company for the purposes of company law and rru5tees of the chai'ity) al'e responsible for preparing the TrL¢Stees' Annual Report Including the Strategic Report and the Financial Statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accep*d Accounting Practice). Company law requlres the Governor5 to prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the school and of the group and its financial activities lor that period. In preparing those financial statements, the Governors al'e reguired to,. Select Suitable accounting policie5 and then apply them consistently: Observe the methods and principles in the Charitles SORP (FRS102)', Make judgements and estimates that are reasonable and prudent: State whether appllcable accounring standards have been followed. subject to any material departure5 disc105ed and explalned In the financial scatements and Prepare the financlal statements on che going concern basis unless it is inappropriate to presume Ehac che company and rhe group will continije In operatlon. The Governors are responsible for keeping proper accounting record5 which disclose with reasonable accuracy at any time the financial position of the company and to enable chem to ensure that the financial statements comply with the Companies Act 2006. They are also responslble for safeguarding the assets of the company and hence for taklng reasonable steps for the preventlon and detecclon of fraud and other Irregularltles. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS In so far as the Governors are aware: there is no relevant audit Information of which the company'5 auditors are unaware; and the Governors have taken all step$ that they ought to have taken ro make themselves aware of any relevant audlt information and to establlsh that the auditors are aware of that information. AUDITORS On 18 November 2024 the company's audicor changed Its name from haysmaclntyre LLP to Haysmac LLP, The audltor5, Haysmac LLP, wlll be proposed for re-appointmenc at the forthcoming Annual General Meetlng. ON BEHALF OF GOVERNORS: The Governors (In thelr capaclty as directors of the company and trustees of the charlty) approve the Report of the Governors and the Strategic Report for the year ended 31 August 2024. A D Clarke Company Secretary Dated: 25 January 2025 Page 15
BRYANSTON SCHOOL DRAFT CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES for the yeav ended 31 August 2024 Total 2024 £'ooo Total 2023 £'ooo Unrestricted £'ooo Restricted £'ooo Notes Income from: Charitable activicies Fees i-eceivable Other income 27,167 1,856 27,167 1,856 25,269 1,469 Donations, grants and legacies 622 622 705 Trading actlvltles 1,971 1,971 1,808 Invescment 303 45 348 186 Total 31,919 45 31,964 29.437 Expenditure on: Charitable actlvitles.. School operating costs 30.322 25 30,347 28,379 Trading actlvitles 1,502 1.502 1,477 Total 31,824 25 31.849 29.856 Net Incomel(expenditure) before investment gains 95 20 (4191 Other reco8ni$ed galns.. 10 Realised Invesunent gains Unreallsed investment galns 20 417 20 417 24 98 Net Incomel (expendlture) 95 457 552 (297) Transfers between funds 17118 166 166 Net movements in funds 261 291 552 (297) Fund balances I September 2023 34,756 3,386 38.142 38,439 Fund balances carried forward as at 31 August 2024 35,017 3,677 38,694 38,142 The financial activities set out above are those of the group. Details of comparatives by fund are disclosed in note 26, Continuing operations None of the group's activities were iCqLilred or discontinued during the current and previous years. The notes on page5 19-32 form part of these consolidated financial statements Page 16
BRYANSTON SCHOOL Company No. 226143 BALANCE SHEETS 31 August 2024 Consolidated School Noles 2024 £'ooo 2023 £'ooo 2024 £'ooo 2023 £'ooo Flxed a55ets: Tangible assets Investments 40,061 3,301 40,795 2,969 39,977 40,651 10 43,362 43,764 39,977 40,651 Current a$set$; Stocks Debtors Cash at bank and in hand 190 892 17,309 202 1,475 6,584 40 788 17,309 34 1.336 6,583 12 18,391 8,261 18,137 7,953 Credltors: Amouncs falllng due withln one year 16,531 12,669 16.278 12,374 Net Current Assetsl (liabilities): 1,860 (4,408) 1,859 (4,421) 45.222 39,356 41,836 36,230 Creditors: Due after more than one year 6,528 1,214 6,528 1,214 38.694 38.142 35,308 35,016 Funds: Restrlcted funds Unrestricted funds General funds Designated funds 3,677 3,386 380 420 33.572 1,445 32,891 1,865 33,570 1,358 32,890 1,706 18 38,694 38,142 35,308 35,016 The School's surplus for the year of £291,408 (2023: deficlt £291,472) is included. ON BEHALF OF GOVERNORS: ERBe dic Chairman Approved and authorised for issue by the Governors on 25 january 2025 The note5 on pages 19-32 form part of these con501idated financial statements Page 17
BRYANSTON SCHOOL CONSOLIDATED STATEMENT OF CASH FLOWS for the year ended 31 August 2024 2024 £'ooo 2023 £'ooo Notes Net cash provided by operating activities 22 11.247 1,029 Cash used in investing activities 23 565 915 Increase in cash and cash equivalents in the year 10,682 Cash and cash equivalents at I September 2023 6,496 6.382 Cash and cash equivalents at 31 August 2024 24 17.178 6,496 Analysis of changes in net debt I September 2023 £'ooo Cashflows 31 August 2024 £'ooo £'ooo Cash Cash equlvalents Overdraft, repayable on demand 6,584 38 126 10,725 1241 17,309 145 Total 6,496 10,682 17.178 The notes on pages 19-32 form part of these consolidited financlal statements Page 18
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 ACCOUNTING POLICIES Accounting Convention The account5 of the School are prepared In accordance with the Statement of Recommended Practice applicable to Charities ISORP 2015) {Second edition, effective l Januai-y 2019) and the Companies Act 2006. Bryanston School meets the definition of a public benefit entity under FRS 102. Going concern Bryanston School meets the definition of a public benefit entity under FRS 102,The budgeL financial forecasts for income, expenditure and cashflows and access to funding support that there are no material uncertainties about the charity's ability to continue as a golng concern. The financial statements are drawn up on the historical accounting basis except that investment assets are carried at market value. Basis of consolidation The consolidated financial statements incorporate the financlal statements of the School, its trading subsldiai'y undertal<lng and a controlled charitable trust. A separate statement of financial actlvitles for the School Itself is not presented because the School has tal<en advantage of the exemptions afforded by section 408 of the Companies Act 2006. Fees and similar income Fees receivable and charges for servlces and use of premises are accounted for in the perlod In whlch the servlce Is provlded. Fees receivable are staced afier deducting allowances, scholarshlps and other remlssSons allowed by the School, but include contrlbutions received from Bursarles and other trusts. Donatlon$ and fund accountin8 Donations received for the gener21 purp05e5 of the School are Included as unrestrlcced funds. Donations for activities restricted by the wishes of the donor are taken to 'restrlcted funds" where these wishes are legally bindlng on the Governor5. Trading income Trading income represent5 net Invoiced sales of goods and servlces. excluding value added tax. Government grattts Income from government grants Is recognised once the School is entltled to recelpc wlth all conditions for receipt having been met, and the value can be measured with sufficient rellabillty. Expenditure All expenditure Is Included on an accruals basis and is recognlsed when there is a legal oi. constructive obligation to pay for expenditure. All cosrs have been directly attributed to one of the functional categories of resources expended in the statement of financial activities. The irrecoverable element of VAT is Included with the Item of expense to which it relates. Investments and investment income Investments are included at closing mid-market value ac the balance sheet date. Any galn or loss on revaluatlon is taken to the statement of financial activities. Investment Sncome Is accounied for on an accrual basis. Tangible fixed assets Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of issets of low value with a short life. Repair, renovation. and replacement expenditure is written off as expenditure in the statement of financial activities. The cost of fixed assets is their purchase cost, together wlth any incidental costs of acquisition. Depreciation is calculated to write off the cost of tangible fixed assets, less thelr estlmated residual values, over the expected useful lives of the assets concerned. The principal annual rates used for this purpose are: Land is not depreciated. Buildings are depreciated at r2tes between l % and 20°A per annum on cost or over the remaining useful life if shorter. Plant, furniture, and other equipment is depreciated at rates between 47¢ and 33°A per annum on cost. Stocks Stock 15 valued at the lower of cost and net realisable value, after making allowance for obsolete and 51ow-moving items. Page 19
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 ACCOUNTING POLICIES (Continued) Debtors Debtors are measured at their recoverable amounts. Impairment of assets Impairment of a55ec5 are calculated as the difference between the carrying value of the asser and its i-ecovei-able amount, if lower, (Recoverable amount is the higher offoir value. less any cost ofsoles. (Jnd the estimated volue in use at the dale of Ilie impairment review). The tests for Impalrment are carried out only if there is some indication that the carrying value of the assets may have been impaired. Foveign currencies Assets and liabilities in foreign currencies are translated into sterling at the ratss of exchange I'ullng at the b21ance sheet date. Transactions in foreign currencles are translated into sterllng at the rate of exchange rullng at the date of transaction. Exchange differences are considered In arrivlng at the operating resuli. Advance fees scheme The School offers parents the opportunity to pay for up to five years tultlon fees in advance In accordance with a wrltten contract. This is treated as deferred income until the pupil joins the School whereupon the prepaid amount for each term Is charged against the remainlng balance and taken to income. Any shortfall is rreated as a deduction from School fee income and any excess accrued Is treated as additional School Income. Operating leases Rentals pald under operatlng leases are charged on a tlme basls over the lease term. Pension$ The School operates a group personal pension scheme for staff. Funds The school has the following types of funds.. - These are funds that can only be used for parricular restricted purposes within the objects of the school. Restrictions arise when specified by the benefactor or potencially by the fundralslng oblectlve. These are unrestrlcted funds where the governors have designated them for speclfic pui'poses, Qq0£raL-The$e are unrestrlcted funds whose purpose has not been designated by the governors. Flnanclal Instruments Basic financial inscrumencs are initially recognlsed at transactlon value and subsequently measured at amortised cost except for investments which are held at falr value. Financlal assets held at amorti5ed cost comprise cash at bank and In hand, together with trade and other debtors. A specific provislon is made for debts for which recoverability 15 in doubt. Cash at bank and in hand is defined as all cash held in instanc access bank accounts and used as working capital. Financial liabillties held at amortlsed cost comprise all creditors expect social security and other taxes and provisions. Assets and112bllitles held in forelgn currency are translated to GBP at the balance shee¢ date at an approprlate year end exchange rate. Critical accounting judgements and key sources of estimation uncertainty In the application of the accountlng pollcies, Governorg are required to make judgement estimares and assumptions aboLÈt the carrying valL¢e of assets and liabilitles that are nor readily apparent from other sources. The estlmates and underlying assumptions are based on hlstorical experlence and other factors that are relevant. Actual results may differ from these estimates. Judgements made by the Governors, in the appllcatlon of these accounting pollcles rhat have signlficant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are deemed to be in relation to the depreciation rates of tangible fixed assets, the provision for Slow moving and obsolete stoc1< and the provision for bad and doubtful debt5 which are discussed above. The accounting policies have been applied consistently in dealing with items which are considered material in relations to the School's financial statements. Page 20
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 INCOME 2024 £'ooo 2023 £'ooo Fees receivable consist of.. Gross fees Less: Total bursaries, grants and allowance5 31,367 4.200 29,380 27,167 25,269 TRADING INCOME The commercial activities at the School are carried out by a separate company* Bryanston Conference Cenrre Llmlted, a company registered In England (company no. I 111950). The School owns all the shares in the company and ics annual profic Is paid to the School under gift aid. Its trading results, extracted from Its audited accounts were.. 2024 £'ooo 1,971 899 2023 £'ooo 1,808 922 Turnover Cost of sales Gross profit Admlniscrative expenses 1.072 603 886 567 Opera¢lng proflt Interest payable and slmllar charges 469 319 Net profil Net gift aid payments 469 (5421 312 (312) Retalned profi¢ 73 Extracc from Balance Sheet as at 31 August 2024: Fixed assets Net current assets 83 143 16 Net assets 86 159 INVESTMENT INCOME 2024 £'ooo 2023 £'ooo Rent receivable Bank deposit interest Investment income 42 100 44 262 45 348 186 Investment Income wa5 £348,000 (2023: £186.000) of which £303,000 was unrestricted (2023: £142,000) and £45,000 was restricted (2023: £44,000). Page21
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 OTHER INCOME 2024 £'ooo 2023 £'ooo Summer courses Registration and other fees Day pupils accommodated Miscellaneous income Special tuition Equestrlan income 182 158 417 164 516 419 87 148 303 130 458 343 1,856 1,469 STAFF COSTS 2024 £'ooo 15,689 78 1,415 2,403 2023 £'ooo 14,542 148 1,356 2,226 Wages and salarles Terminatlon payments Social security costs Other penslon costs 19,585 18,272 The average number of employees during (he year was as follows,. 2024 2023 639 625 Calculated on a full-tlme equivalent basis,, Teaching staff Other employees 145 287 148 292 432 440 2024 £'ooo 2023 £'ooo Governors, expenses Numbers of governors recelvlng expenses 14 This represents the relmbursement of travel and accommodation expenses. Wlth the exception of the above, neither the governors nor persons connected wlth them received any remuneration or other macerlal beneflts from the School or any connected organisation. The key management personnel of the group comprise of the Governors, the Head and Chlef Operating Officer, The employee benefits of key management personnel were £420,50112023; £298,159). The number of employees whose emoluments exceeded £60,000 was: 2024 2023 £60,001 £70,000 £70,001 £80,000 £80,001- £90,000 £90,001 £ 100,000 £130.001 £140,000 £140,001 £150,000 £160.001 £170,000 The number with retirement benefits accruing in: Money Purchase schemes were for which the contribution5 amounted to 26 £444,876 24 £400,932 Page 22
RYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 Au8ilSt 2024 EXPENDITURE Expenditure includes: 2024 £'ooo 2023 £'ooo Auditor's remuneration for audit services for non-audit services 38 32 Depreciatlon Profit on disposal of tangible fixed assets Operating lease renta15 Land and Bulldings 1,741 (13) 1,765 (35) ANALYSIS OF EXPENDITURE Staff costs Support costs Depreciation & Profit on Disposal £'ooo Total £'ooo £'ooo £'ooo Charitable activities School operating activities: Teachlng costs Welfare Premises Management and adminS$tratlon Governance 11,769 4,674 933 1,788 2,873 2.331 3,237 1,050 310 47 1,262 32 14.952 7,052 5,432 2,870 41 19,164 9.532 1,651 30.347 Tradin8 activities: Trading costs of the subsldlary 421 1,004 77 1,502 Total for group 19,585 10,536 1,728 31,849 An(J sls of ex endiiure revious yeor Staff costs Supporc costs Depreclatlon & Proflt on Disposal £'ooo Total £'ooo £'ooo £'ooo Charitable actlvitle$ School operating acriyitles: Teaching costs Welfare Premlses Management 7énd admlnlstratlon Governance 2.647 1,915 3,523 730 331 34 1,271 14,092 6,184 5.680 2.402 21 4,235 886 1,661 17.896 8.836 1,647 28,379 Trading activities: Trading costs of the subsidiary 376 1,018 83 1,477 Total for group 18,272 9,854 1,730 29,856 Expenditure on charltable activities wis £30,347.000 {2023: £28,379,000) of which £30,322,000 was unrestricted (2023.. £28,354,000} and £25,000 was restricted {2023: 25,000). Page 23
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 TANGIBLE FIXED ASSETS Consolidated Plan¢ furniture and other ui ment Freehold land and buildin £'ooo Totals £'ooo £'ooo COST: At I September 2023 Addlrions Disposals 55,825 556 8,602 451 64 64,427 1,007 64 At 31 August 2024 56,381 8,989 65,370 DEPRECIATION: At I September 2023 Charge for year Eliminated on disposals 16,206 1,197 7.426 544 64 23,632 1,741 64 At 31 Au8USt 2024 17,403 7,906 25.309 NET BOOK VALUE: At 31 August 2024 38,978 1,083 40,061 At 31 August 2023 39,619 1,176 40.795 School PlanL furniture and other ui ment Freehold land and buildin £'ooo Totals £'ooo £'ooo COST: At I September 2023 Additlons Disposals 55,825 556 7,745 433 64 63,570 989 64 At 31 August 2024 56,381 8,114 64.495 DEPRECIATION: At I September 2023 Charge for year Eliminated on disposals 16,206 1,197 6,713 466 64 21,919 1,663 At 31 August 2024 17,403 7,115 24,518 NET BOOKVALUE: At 31 August 2024 38,978 999 39,977 At 31 August 2023 39,619 1.032 40,651 Page 24
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 10. INVESTMENTS Consolidated School 2024 £'ooo 2.931 425 (506) 20 417 2023 £'ooo 2,935 448 {5741 24 98 2024 £'ooo 2023 £'ooo Balance at I September 2023 Additions Disposals Realised profit on disposal Revaluations Quoted investments and fixed interest stock (Historic cost £2,268,000) Cash deposlts and interest 3.287 2.931 38 Balance at 31 August 2024 3,301 2,969 The School controls three other entities other than its trading subsidiary. l O Education Servlces Llmited, which was dormant throughout the year, Bryanston Foundation Limited, which was dormant thi'oughout the year. The Bryanston Foundatior¢15 a charity registered in England and Wales and its objects are to provlde items, services and facllitles for the pupils of the school, whlch advance the purposes of the school. The aggregate amount of assets, Ilabllities and funds are shown below and a summary of les Income and expenditure is shown in note 17, The Bryanscon Foundatlon has been consolidated on the grounds that its nee assets are maeerlal to the group, Extract from Balance Sheet as at 31 August 2024: 2024 £'ooo 3.287 2023 £'ooo 2,931 35 Flxed assets Nec current as$ets Net funds 3,298 2,966 STOCKS Consolldated 2023 £'ooo School 2024 £'ooo 2024 £'ooo 2023 £'ooo Maintenance, domestic and caterlng Stock Stock of goods for resale 54 136 47 155 40 34 190 202 40 34 12, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Consolidated 2023 £'ooo 924 128 423 School 2024 £'ooo 599 62 231 2024 £'ooo 2023 £'ooo 830 125 381 Trade debtors Othei- debtors Prepayments Amount due from subsidiaries 502 58 228 892 1,475 788 1,336 Page 25
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Consolidated 2023 £'ooo 839 126 348 4,395 4,879 School 2024 £'ooo 1,251 145 407 5,218 4,268 2023 £'ooo 672 £'ooo 1,091 Trade creditors Bank loans and overdrafts Other creditors Fees received in advance Parent deposits Amount due to subsldiaries Taxation and soclal security Accrued expersses Advance fees scheme (see note 14) 407 5,218 4,268 196 359 370 4,370 348 4.396 4,879 176 352 126 1,426 468 404 4,370 450 206 1.426 16,531 12,669 16,278 12,375 The school bank accounts are secured by a legal charge on the School's freehold property and a debenture on other assets. ADVANCE FEES SCHEME Parents may enter Into a contract to pay the School up to the equlvalent of tlve years, rultlon fees In advance. The money may be returned subject to speciflc condltions. A55vming pupi15 will remaln In the School, advance fees wlll be applied as follows: 2024 £'ooo 2023 £'ooo After 5 years Within 2 to 5 years Withln l ¢0 2 years 271 3,639 2,618 522 692 6,528 4.370 1,214 1,426 Withln l year 10,898 2,640 Balance at I September 2023 New contracts Repayments 2,640 10,254 2,891 1,253 12,614 4,144 Amounts utilised in payment of fees: To the School 1,882 1,498 10.732 166 2,646 Discount accrued Balance at 31 August 2024 10,898 2,640 Page 26
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 Au8USt 2024 15. CREDITORS: DUE AFTER MORE THAN ONE YEAR Consolidated 2024 £'ooo 6,528 School 2023 £'ooo 1,214 2024 £'ooo 6.528 2023 £'ooo 1,214 Advance fees scheme (see note 14) 6,528 1,214 6.528 1,214 OBLIGATIONS UNDER LEASING AGREEMENTS Annual payments due on operatlng lease5 expiring.. Consolidated eratin leases School eratin leases 2024 £'ooo 2023 £'ooo 2024 £'ooo 2023 £'ooo WithSn l year Within 2 - 5 years After 5 years 207 33 207 33 RESTRICTED FUNDS Analysis of movement In restricted funds Balance at Gains & Losses Balance at 31 August 2024 £'ooo September 2023 £'ooo Income Expeiiditure Trinsfers £'ooo £'ooo £'ooo £'ooo Teddy Potter Fund Busin¢ss Confertn¢e ENEV Live@Bry Bryanstoi) Prep Funds 180 77 100 18 45 179 77 100 22 23 Bryanston School Bryan5ton Foundation 420 2,966 379 3,298 45 25 437 125 3,386 45 25 437 166 3,677 Bursarles restricted funds represent donations to the School where the donor has requested that the funds be used in this ai'ea. The Teddy Potter Fund was establlshed from donations to provide bursaries to sixch form pupils studying sciences. The Business Conference fund came from donatlons received for the purposes of funding ars annual business conference and other workshops which aims to encourage business enterprise not only amongst our pupils, but a150 the wider local pupil population. The first conference was held in the summer 2013, The ENEV fund has been established to help Bryanston pupils and recent former pupils to turn their entrepreneurial ideas into new businesses. It also helps fund the educational programme, which promotes business and encrepreneurship with pupils. The Bryanston Foundation is a charity controlled by the School. In the opinion of the governors Its net funds should be treated as a restricted fund on consolidation. Page 27
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 17. RESTRICTED FUNDS (Continued) Anatysis of movement in restricted funds - revious ear Balance at I September 2022 £'ooo Balance at 31 Alsgust 2023 £'ooo Gains & Losses Income Expenditure Trat)sfers £'ooo £'ooo £'ooo £'ooo Teddy Potrtr Fund Business Conference 177 77 100 18 56 180 77 ENEV Live@Bry Bryaiiston Prep Fund5 45 Bryanston School ryans¢on Foundation 428 2,949 420 2,966 44 24 122 125 3,377 48 25 122 136 3,386 18. ALLOCATION OF NET ASSETS The group ne¢ assets are held for ¢he various fuiids as follows,. Flxed assets ai)d investments Net current assetsl Long tei'm Total £'ooo £'ooo £'ooo £'ooo Ui)res¢ri¢ted Restricted 40,061 3.301 1,484 376 16,528} 35,017 3,677 43,362 1,860 6,528 38,694 Allocation of net ossets revious ear Flxed Assets and investments Net current a5setsl Long term Total £'ooo £'ooo £'ooo £'ooo Unrestricted Re5¢ricted 40,794 2,969 14,825} 417 34,755 3,386 43,763 4,408 1,214 38,141 Page 28
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 ALLOCATION OF NET ASSETS Analysis of movements in unrestritced Funds Balance at I September 2023 £'ooo Balance at 31 August 2024 £'ooo Income Expenditiire Transfers £'ooo £'ooo £'ooo Income account 32,891 29,931 29,967 717 33,572 Bryai)ston Fund Operational Endowment Other minor funds HM Discretionary fund Tradlng company assets 1,554 85 13 53 159 13411 1.216 85 12 46 86 17 1,971 1,502 542 1,865 1,988 11.857) 551 1,445 34,756 31,919 31.824 166 35.017 The Bryanston Fund represents unrestricted donatlons, which are accounted separately from the School, General Income Account. The Operatlonal Endowment Fund represents unrestrlcted donatlons provided for the purpose of supportlng the infrastructure of the Development Office, Ana sis of movement in unrestricted funds - revious ear Balance at I September 2022 £'ooo Balance at 31 August 2023 £'ooo Income Expenditure Transfers £'ooo £'ooo £'ooo In¢ome account 33.726 26,866 28,168 467 32,891 Bi'yanston Fund Operation31 Endowment Other minor funds HM Discretionary fund Trading company assets 1,020 102 14 42 159 697 11621 1,555 85 13 53 159 17 1,808 16) 1,477 331 1,337 2,522 {1.6631 {331) 1,865 29,388 29,831 136 19. PENSION COMMITMENTS The total pension costs for the group were £2,403,000 (2023 - £2,226,000) which relate to Money Purchase Schemes. There were outstanding contributions at the balance sheet date of £211,000 (2023 - £190,000) in respect of contributions due for the month of August paid over to the pension scheme administt2tors in September. Page 29
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 20. STATUS The company is limited by guarantee and does not have a share capital. The liability of members in the event of a winding up is limited by guarantee co an amount noc exceeding £ I per member. At the balance sheet date there were 13 members (2023 -10), 21. CAPITAL COMMITMENTS The company had no capltal commitments at the year end date (2023: nil). 22. RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES 2024 £'ooo 2023 £'ooo (297) 1.765 134) (1221 (1861 Net Incomel (expenditure) Depreciatlon charges Profit on dlsposal of tangible flxed assets (Galns)I losses on Investments Invescment income Decrease in stocks Decrease In debtors Increase In credltors due withln one year Decrease in creditors due aftei. more than one year 552 1,741 (4371 (348) 12 960 3,466 5,314 28 27 154 Net cash provided by operating actlvltle$ 11,247 1,029 23. ANALYSIS OF CASH FLOWS 2024 £'ooo 2023 £'ooo Cash flows from Investlng activities Intei-e5t and rents fi'om investing accivicies Purchase of tangible fixed assets Sale of tangible fixed assets Purchase of investments Sale of investment5 348 (1,0071 186 (1,261) 34 (448) 574 (4251 506 Net cash used in investlng activltles 565 915 24. ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 £'ooo 10,725 (19) 24 2023 £'ooo 6,583 (126) 37 Cash at bank and in hand Bank overdraft Investment bank accounts Total and cash equivalents 10,682 6,495 Page 30
BRYANSTON SCHOOL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 August 2024 25. RELATED PARTY TRANSACTIONS During the year the following transactions took place wirh Bryanston Conference Cencre Limited. a wholly owned subsidiary of Bryanston School: Rent charge by Bryanston School £12,000 (2023: £12.000). 1ntei.est charged by Bryanston School on the inter-company balances £nil (2023: £7,044). The transfer under gift aid of the trading profic of Bryanston Conference Centre Limited to Bryanston School £542,420 (2023: £312,439). The balance outstanding on 31 August 2024 and due from Bryanston School was £195,926 <2023: due from Bryanscon School £176,474). During the year Bryanston school received donations from Governors amounting to £2,020 (2023,. £15,650). Durlng che year Bryanston School recelved a grant of £124,988 (2023: £125,310} from The Bryanston Foundatlon, a charitable trust controlled by Bryanston School. The balance outstanding and due to Bryanston School on 31 Augusc 2024 was £nil (2023: £nil). Page31
BRYANSTON SCHOOL CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2024 26. PRIOR YEAR COMPARATIVES BY FUND Total 2023 £'ooo Unrestricted £'ooo Restricted £'ooo Income from: Charitable activities Fees recelvable Other income 25,269 1,469 25,269 1,469 Donations, grants and legacies 700 705 Trading activities 1,808 1,808 Investment 142 44 186 Total 29,388 49 29,437 Expenditure on; Charitable ac¢ivltles: School opei'ating costs Tradlng actlYitle5 28,354 1,477 25 28,379 1,477 Total 29.831 25 29,856 Net Incomel(expenditure) before investment gainsl (losses) (443) 24 (419) Other recognised 8ains: Realised investment gains Unrealised investment galns 24 98 24 98 Net Incomel (expenditure) (443) 146 (297> Transfers between funds 17118 136 136 Net movements in funds (3071 (297) Fund balances I September 2022 35,063 3,376 38,439 Fund balances carried forward a5 at 31 August 2023 34,756 3,386 38,142 Page 32
BRYANSTON SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRYANSTON SCHOOL Opinion We have audited the financial 5tatemer)ts of Bryanston School for the yeai. ended 31 August 2024 which comprise the Con501idated Statement of Financial Activities. The Consolidated and School Balance Sheets, the Consolidated Statement of Cash Flows, and notes to the financial statements. including a summary of significant accounting policie5. The financial reporcing framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reportlng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair vlew of the state of the group and parent charltable company's affair5 as at 31 August 2024 and of the group'5 net movement In fund5, includlng the income and expenditure, for the year then ended; have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the requirements of the Companles Act 2006, Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and appllcable law, Our responsibillties under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of Olsr report. We are independent of the group in accordance with the ethical requlrement5 that are relevant to our audit of che financial statements in the UK, Including the FRC'S Echical Standard, and we have fulfilled our other ethical responslbilitles In accordance wlth these requlrements, We believe that the audit evidence we have obtained is sufflcient and appropriate to provide a basis for our opinion. Conclusions Yelatin8 to going concern In audlting che financial statements, we have concluded that the Governors, use of the going concern bas15 of accouncing in the preparation of the financial statements Is approprlate, Based on the worl< we have performed, we have not Identified any material uncertalnties relating to events or conditions that, individually or collectlvely, may cast significant doubt on the group's ability to contlnue as a going concern for a period of at least twelve months from when the financial statements are authorised for Issue. Our responslbllltles and the responsibllities of the Governors wlth respect to going concern are descrlbed In the relevant sections of thls report. Other information The Governors are responsible for the other information, The other information comprises the information included in the Report of the Governors. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise expllcitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materlally inconsistent with the financla5 statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such mater121 inconsistencies or apparenc material misstatements, we are required co determine whether there is a material misstatement in the financial statements or a materiil misstatement of the other informarion. If, based on the work we have performed, we conclude thac there is a material misstatemenc of this other information, we are required to report that fact. We have nothing to reporc in this regard. Page 33
BRYANSTON SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRYANSTON SCHOOL (continued) Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Governors (whlch includes the sci'ategic repoi't and the directors, report prepared for the purposes of company lawl for rhe financial year for which the financial statements are prepared 15 consistent wlth the financial statements; and the stratew'c report and the directors, report included wi¢hln the Report of the Governors have been prepared In accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and underscanding of the charitable company and Its envlronment obtaSned In the course of the audlc, we have not identified material misstatements in the Report of the Governors (which incorporates the strategic report and the directors. report). We have nothlng to report in respect of the followlng matters In relatlon to which the Companles Act 2006 requires us to report to you if, In our opinion.. adequate accountlng records have not been kept by the paren¢ charitable company. or returns adequate for our audit have noi been received from bl'anches not vislted by us; 01. the charitable company financlal statements are not in agreement wS¢h the accountlng records and returns,. or certain disclosures of Governors, remuneration 5peclfied by law are not made,. or we haye not recelved all the Informaclon and explanations we require for our audit. Responsibilities of Governors for the financial statements As explalned more fully In the Statement of Governors, Responslbilltles set out on page 14, the Governors (who are also the director5 of the charitable company for the purposes of company lawl are responsible for the preparatlon of the financial statement5 and for being sa¢isfied that they glve a true ar¢d fair vlew, and for such Internal control as the Governors determine is necessary to enable the preparatlon of financial statements that are free from material miss¢atsment, whether due to fraud or error. In preparlng the financlal statements, the Governors are responslble for assesslng the charltable company's abSll¢y to continue as a going concern, disclosing, as applicable, matters related to going concern and uslng the going concern basis of accounting unless the Governor5 either intend to liquidate the charitable company or to cease operatlons, or have no realistic alternative but to do so. Auditor'$ responsibilities for the audit of the financial statements Our objectlves are to obtain reasonable assurance about whether the financlal statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. MSsstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are inscances of non-compliance with laws and regulations, We design procedures in line wlth our responsibilic¢es, outlined above, to detect material misstatements in respect of irregularl¢les. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Page 34
BRYANSTON SCHOOL INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRYANSTON SCHOOL (continued) Based on our understanding of the group and the environment In whlch ir operates. we identified that the principal risks of non-compliance with law5 and regulations related to the independent school regulations, safeguarding regulations, health and safety requirements. GDPR, employment law and Charity law and we considered rhe extent to which non-compliance might have a materjal effect on the financial statements. We also consldered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companie5 Act 2006, the Charities Act 201 l and the Charities SORP, and consider other factors such as payroll taxes and VAT. We evaluated management's Incentlves and opportunities for fraudulent manipulation of the financlal statements (Includlng the risk of overrlde of controls) and de¢ermlned that the principal risks were related to posting inapproprlate lournal entries and management blas In certain accounting estlmates and judgements, Audit procedures performed by che engagement teaim included: Discussions with management including consideratSon of known or suspected instances ol non-compliance with laws and regulation and fraud,. Evaluating management's controls designed to prevent and detect Irregularities; Identlfying and testing joui'nals, In partlcular journal entries posted with unusual account comblnationsi Postings by unusual L¢sers or with unusual descrlptions; and Challenglng assumptlons and judgements made by management In thelr critical accountlng estlmates Because of the inherent limitations of an audl¢, there Is a rlsk that we will not detect all Irregularltles. Includlng those leading to a material misstatement In the financial statements or non-compliance with regulation, Thls rlsk Increase5 the more thac compliance wlth a law or regulation is removed from the events and tran5actlons refleCd In the flnancial statements, as we will be les5 lil<ely to become aware of Instances of non-compliance. The ris1< Is also greater regardlng Irregularitie5 occurrlng due to fraud rather than error, a5 fraud Involves Intentional concealment, forgery, collusion, omis51on or misrepresentation A further description of our responslblllties for the audlt of the financial statements is located on the Financlal Reporting Councll's webslte at.. WW.Wifi'.L,Q.i.'g,ijlilaii(li.cp.i-.ii'.¢sp.oii%il)jlitjo%, Thls descrlptlon forms part of our auditor's report, Use ofour report This report Is made solely co the charltable company's members, as a body, In accordance wlch Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has been undertaken so that we might scate to the charitable company's membei's chose matters we are requlred to state to them In an Auditor's I'eporc and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsiblllty to anyone other than the charitable company and the charitable company's members as a body, for our avdit work, for chis report, or for the oplnion5 we have formed. Lee Stokes (Senior Statutory Auditor) For and on behalf of Haysmac LLP, Statutory Auditors Date 28 January2025 l O Queen Street Place London EC4R IAG Page 35