Charity registration number 307034
ompany registration number 902869 IEngland and Wales)
WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
{LIMITED BY GUARANTEE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
{LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
J A B Bruce Bsc FCA
Miss L K Harllblett MA
Mrs K Hogan BA
J A Passam BA MBA
J H L Patrick MVO Bsc ICh3irman from 8 July 2022)
Mrs S L Morison BA
CSRIXMA
W J Griffiths Bsc
A-C Strorneyer-sallaba MS¢
N Selman
Secretary
G P Falconer
Charity number
307034
Company number
902869
Prsncipal address
Westboume House School
Coach Road
Shopwyke
Chichester
West Sussex
P020 2BH
Registered office
Westbourne House School
Goach Road
Shopwyke
Chichester
West Sussex
P020 2BH
Auditor
Sumer Audit
Piper House
4 Dukes Court
Bognor Road
Ghichester
West Sussex
P019 8FX
Bankers
National Westrninster Bank PIG
5 East Street
Chichester
Wesl Sussex
P019 1HH
Investment advlsors
Ralhbone Brothers PIC
8 Finsbury Circus
London
EC2M 7AZ

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
CONTENTS
Page
Trustees. report
Statement of Trustees, responsibilities
Independent audito¢s report
7-10
Statement of financial activities
11
Balance sheet
12
Statement of cash flows
13
Notes to the financial statÈments
14-28

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
The Trustees piesent their annual report and financial statements for the year ended 31 August 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Trusys governing docLJment. the Companies Act 2006 and "Accounting
and Reporting by Chanties". Slalemenl of Recommended Practice applicable to charities preparing Iheir accounls
in accordance with the FinanGial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffeclive 1 January 20191"
Objectives and activities
The aim of the School is to stimulate and en¢oLJrage children to maximise their potential in mind, body and spirit
through a broad and varied curriculum. The School wishes lo provide this quality ol educ21ion for an ever wider
range of children while at thè s2me time being a responsible employer and an integral member of the local
community.
The Trustees are fully Committed to operating the School in the spirit of the Charities Act 2011 and lor the pu￿1¢
benefit in its broadest sense. They believe the benefits of the Charity lo the pupils of the School are clear and
some of their athievetnents are mentioned below as are the steps the Trustees are taking to widen access lo the
charity's benefi15 by rnaking both facilities and the prowsion of education itself available to 9￿ater numbers of
children. The Trustees recognise. however, Ihat a balance musl be struck between offering free or reduced-fee
places and maintaining sufficient income to 5UStain the financial health of the charity. This year, the School h85
strengthened its links with local community schools, tnainly by sharing sports and leisure facilities and is very
open to Involvement in other ways. The Trustees are able lo confim) that all of the expèndilLJre detailed in these
accounts wa5 used In furtherance of the Trust's objectives.
In furtherance of the Trust's objectives. the Trustees have accelerated the upgrades to the S¢hool's facilities.
During the year, this programme Included the renov8tion ol the library, main teaching block. refvrbishmenl of the
Dower House boarding house and the renovation ol the squash courts and one netball court. There weie other
site enhanoements Including new fencing 2nd upgraded security cameras. The School continued Ils work
towards greater energy efficiency. with a locus on minimising heat loss, including the rep13cemenl of all windows
in the main teaching block.
The Tiusl constanlly monitors trends and developments in education and where these have proved
advantageous. they have been adopted. In funding improvements, it has always been the policy lo generate
sufficient surpluses 10 fund the wsts of devebpments. There has been no change lo these polioes duiing thè
year.
The Trustees have paid due regard lo guidance issuèd by the Charity Commission in deciding what activitie5 the
Trust should undertake.
strategic report
The description under the headings Achievements and performance and 'Finanual rèview" rneet the Company
law requirements for the Tnjstees to present a strategic report.

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
{LIMITED BY GUARANTEE)
TRUSTEES, REPORT ICONTINUED>{INCLUDING DIRECTORS, REPORT AND
STRATEGIC REPORTI
FOR THE YEAR ENDED 31 AUGUST 2023
Achievements and perfom)ance
The primary charitable activity of the Trust during the year has been the education o* the lon average) 390
children at Westboume House School. Overall pupil nurllber5 increased steadily during the year, with a net gain
of 12 pupils. Although our end of year pupil numbers are strong, we anticipate weaker numbers in the coming
years as large year groups which Sit in the senior years will be replaced by much leaner year groups eutrently
moving UP through the Sthool.
On the overse8s front, there is a steady uptake from Asia and good numbers from Spain. The School has a good
range of agents and contacts to fuEfiI our overseas target for 23124. UK agents have also been engaged to help
increase our intake from the Foreign, Commonwealth and Development Office, Armed Forces and blue-chip
companies.
At the end of the year. all 54 pupils in Year 8 passed the Scholarship or Common Entrance éxatnination to g81
places at senior school. Nineteen pupils won a total of 22 awards from their senior school in reco9riitiorE of their
ability and potential.
There has been considerable success on the sports fiald for teams and indiwduals. Pupils have cornpeted at
district and county level in a number of sports inclLJding netball, cricket Igirfs and boys) and hod(ey, with one
pupil playing as a contracted player wth the Brighton & Hove Albion Football Academy. Several children
represented the County at the National Athletics Finals and Swimming Finals in London. The balanced
curriculurn also included a stmckured programme of outdoor education and leadership actiV￿e$ for Years 3 to 8.
This induded a series Of rèsidèntial thps throughout the South of England.
During the year. 81 children re￿IVed assistsnce frorn the School in the forn) of scholarships or bursaries while a
further 19 children p3id discounted fees. Eight children benefited from bursariès worth 75-100ts/o of the fees,
induding Ukrainian children who joined the School following the Russian invasion of their ¢ountry_ The
Trustees continued Ih&ir poliry of widening access to the School by advertising further substsnlial awards.
These are considerable achievements and support the Senior Management and Truste2s' aim of maximising
pupil's potentl81 in all regards.
School and Community
The School 5eek5 to promote a family atmosphere within its communrty and enjoys an excellent relationship with
its employees. Staff tumover remains low, fèw teachers leave other than on prornotion or retirement and there is
a good record of internal promotion. The School maintains 8 close relationship with parents and wth fomer
pupils and continues to strengthen its ties with the Old Westboumian community.
The p8stor31 team continue to hèlp pupils m8n8ge the challenges of school life, prowding emotional support
required to help forge good rnenlal health and wellbeing. Westbourne House is very consaous and proud of its
place in the wider communty. During 2022-23. the sports faulities were fjjlly booked by local clubs and te3mS,
induding badminton, football. rugby. cricket and swimming. In some cases, 2 charge is tnade lo defray a
proportion of running expenses, but each week the School provides recreation31 opportunities lo hundreds of
people from the lo￿1 ares. The Millennium Hall continues lo be a popular venue for festivals of music. drama
and dan￿ as well as fund-raising events for Charities and the Sthool looks fonvard to playing a greater role in
the cultural life of Chichester. The hire of faalities for ch3ritable and fund-raising actiwties is generally free, or at
a greatly reduced rate.
Pupils, parents and staff again orgariised a wide Variety of fundraising actNlties for this yeavs School's chartties,
including Wesl Sussex Mind, Chestnut Tree House, Global Canopy and the School's own Bursary Fund. The
School continues to fund raise and has amassed suffiaent funds over the last 2 years to donate £80,402 to good
causes.
Westbourne House contributes significandy to the local economy. Ils employees predorninanly live in the
Ghi¢hester District and the School has a policy of purchasing goods and semces locally wherever pos51ble.

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
{LIMITED BY GUARANTEE)
TRUSTEES. REPORT {CONTINUED}{INCLUDING DIRECTORS. REPORT AND
STRATEGIC REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
Financial review
The operating activities of the Trust generated an income of £7.066 million and this resulted in a surplus on
unrestricted funds of £372,837 and a surplus on restricted funds of £82,800 Ito121 surplus for the year being
£435,637). There was Sn increase in operating Income of £1.031 million relative to Izst year.
Total b81an¢es held with Nation81 Westminster Bank as at 31 August 2023 were £2.514.654, with further
£1,387,498 held in investments with R2thbones. The Trust made an investment loss during the period of
£74,712.
The Trust rernains in a healthy financial position. which will enable il to maintaill rt5 ongoing programme of capital
expenditure.
Total reserves at the balan￿ sheet date 8re £13,485.474 12022 £13,049,83n, of which £13,318,836 12022
£12.945.9991 are unrestricted and £166,63812022- £103,838) are restricted.
It is the policy of the ch8rity that free reseryes should be maintained at a level equivalent to at least three month's
expenditur&. Thé Trustees consider that reserves al this level will ensLJre that, in the event ol a significant drop in
funding, they will be able to continue the charily's current adiwties whilst consideration is oiven to ways in which
additional funds m8y be raised. As at 31 August 2023, freè reserves stood at £2.806 million representing the
charity's unrestricted funds less fixed assets1£10,512,6381.
The day to day finances of the eharty are managed by the Bursar 2nd the Budget Manager. The Bursar reports
regularly to the Finance Committee. Budgeting and careful control of expenditure are key policies for the charity.
The charity's pllncipal funds are generated from fees charged to parents of pupils. All expenditure in the year,
other than govem8nce costs, has been incurred specffically to meet the charity's key objectivè of educaling
children up to the 3g& 0113.
The Trusteés ¢onsidèr that the market value of the land and buildings substantially exceéds the book value of
£9.687 million.
Risk review
The Trustees have assessed the maioi risks to which the company is exposed. in particul81 Ihose related to the
operations and finanTrs of the company, and are satisfied that systems and procedures are In place lo mitlg2te
exposure to the major risks.
This year's Risk Review continues to be dominated by announcements by the Labour Party con￿Ming their
plans for private education. The IrusleÈs and senior leadership team are comrnitted lo Continuing to provide the
education which We51bourne House has always provided, whatever the new environment turns out lo be. as and
when, or indeed if, a Labour government is elèetèd. Our risk assessments and financial planning will continué to
consider the practical implications as announcement5 are made and details clarified and parents kept informed.
Among thosé risks the most significant are considered to be..
a reduction in pupil numbers and resultant loss in fee income due to an adverse change to the VAT regime in
which the School currently operates.
major In¢idenl which ¢auses dosure of the School andlor severe loss of confidence by parents.
8 major acadent which causes partial or complete closure of the Sd)ool.

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
{LIMITED BY GUARANTEE)
TRUSTEES, REPORT ICONTINUEDI{INCLUDING DIRECTORS, REPORT AND
STRATEGIC REPORT)
FOR THE YEAR ENDED 31 AUGusf 2023
Plans for the future
Westbourne House plans to strengthen its position in the Preparatory School se¢tor by employing SLrfficienl
teaching staff of the right calibre and expertise to inspire our pupils and by &nsuring a high standard of facilities
through continuous upkeep of the buildings and grounds. Our objectives are set out on Page 1.
Our ¢omrnilmenl lo the broader community through charity fundraising will continue. A portion of our fundraising
will be used to support the Bursary Fund which the tmstees see as being an important aspect of widening access
to the School.
structure, governanoe and management
The Tmst is a registered charty and a mmpany illcorporaled under the Companies Acts 1985 to 2006, limited by
guarantee. Thé Trust's govèming document Is its Memorandum and Articles of Association. The Trusfs objects
are to provide high quality education for children up to the age of 13 years, through the medium of Westboume
House School. and lo prepare children for entry to Public and State schools.
The Tru5tee5, who are also the directors for the purpose of company law, and who served during the year and up
lo the dale of signature of the financial statements were..
Mrs D J Alun-Jones MA
(Resigned 12 December 20221
W Belcher BA
{Resigned 23 June 20231
J A B 8ruce BSC FCA
Miss L K Hamblett MA
RAJ Hiu
Mrs K Hogan BA
J A Passam BA MBA
J H L Patrick MVO Bsc (Chairman from 8 July
20221
Mrs S L Morison BA
CSRIXMA
WJ Griffiths BS¢
A-C Stromeyer-sallaba Msc
B N Selman
IResigned 12 De￿rnber 20221
(Appointed 7 September 2022)
IAppointèd 7 September 20221
(Appointed 23 June 20231
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the cornpany
and guarantee lo contribute £1 in the event of a winding up.
Tre Trustees desire that the Board should represent a wide spectrum of appropriate interest and experience
induding business and administration, education, the12w, the arts and, èspécially, 8 strong feeling for the School
and its aims. The majority of trustees have had children at the School and it is the policy that one or trustees
should be current parents. Trustees may be nominated by anyone ¢onne¢ted with the School and nominations
are considered by a small committee of Trustees who take soundings from interested parties, including the
Headmaster, before recommending a name to the full board. The induction and training of new trustees is in five
overlapping ph8ses_' a detsiled introduction to the School by the Headmaster and Bursar, mentonng by the
Chairman of Govemors and by the chairrnén of committee5 In their respective areas, frequent visits to the School
and regulai contact wa newsletters et¢. attendance at events organised by training bodies, and self-study of
training materials. In the last EdUCat￿onal Quality with Focused Compliance Inspection conducted by the
Independent Schools, Inspectorate, the School was found to rneet or ex￿ed the ne￿SSary standards.
The Tmst is governed by a Board of Tnjstees IGovernorsl who detemine thè policy and strategies of the School.
The Board is supported by the Finance and General Purposes Committee and by the Ar2dernic and Pastoral
Ctsrnmittee. The operational management of the School is directed by the Headmaster, Mr Martin Barker (Chief
Execulive OffiTrrl and the Bursar, Mr Gordon Falconer Ichief Operating & Finance Officer) who manage a total
of $5 teaching staff and 70 support non-teaching staff, both full and part time.

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
{LIMITED BY GUARANTEE)
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT AND
STRATEGIC REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
Remuneration is sel by the Board. with the policy objective of ènsuring appropri8te incentives to encourage
enhanced performance and in a fair and responsible manner. rewaiding for Individual conlribulion5 to the
School's success. The appropriateness and relevan￿ of the remuneration policy is reviewed regularly by the
Remuneralioll Sub-comtnittee, indudin9 referen￿ to comparisons with other independènt schools to ensure that
Westboume House remains sensitive to the broader i5sue5 of pay and employment Gonditions elsewhere. We
aim lo recruit, subject to experien￿, at a position within a pay band in order to be able to ieward staff for
excellence. Delivery of the Company's charitable vision and purpose is primarily dependent on our key
management personnel and staff costs are the largest single element of our charitable expenditure.
There are no restrictions on the investment powers of the Trustees. The current strategy is focused on long lenn
capital growih with Rathbones on a Risk 5 Investment Strategy lon 2 scale of 1 to 81. The investment horizon is
long term. with an objective ol CPI + 4°/0 per annum net of all lees over a 3 year rolling basis. The Trustees keep
the perforrnance of investmen15 under regular rewew in order to manage risk and maximise retum.
Asset cover for funds
Note 24 sets out an 3n31ysis of the assets attributable to the various funds and a description of the Trusts. These
assets are suffiuenl lo meet the charrty's obligations on a fund by fund basis.
Auditor
In accordance with the company's articles, a resolution proposing that SumerAudil be reappointed as auditor of
the company will be pul al a General Meeting.
Disclosure of inforniation to auditor
Each ol the Trustees has confirmed that there is no infomiation of which they are aw3re which is relevant to the
audit, but of which the auditor is unaware. They have further Confirmed that they have taken appropriate steps lo
identify such relevant infomation and to establish that the auditor is aware of such informalian.
The Trustees, report, including the strategic report, was approved by the Board of Trustees.
J H L Patrick MVO Bsc Ichairmanl
Trustee
Dated..

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2023
Thè Trustees, who are also the directors of Westboume House School Educational Trust Limited for the purpose of
company law, are responsible for preparing the Tmstees. Report and the finan￿3] statements in accordance wtth
applicable law and United Kingdom Accounting Standards (United Kingdom Genèrally Accepted Accounting
Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which give 3 tmÉ and
fair view of thè state of affairs of the Trust and of the incoming resources and application of resources. including the
Income and expendrftuo, of the charitable company for that year.
In preparing these financial 5talernents, the Trustees are ￿QuIred to".
select suitable accounting policies and then apply trem consislendy.,
observe the methods and prinaples in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable UK AccountTng Standards have been followed, subject to any material departures
di5dosed and explained in the finanual statements., and
prepare the financial statemer)ts on the going ¢on¢em basis unless il Is inappmpriate to presume that the Trust wll
continue in operation.
The Trustees are responsible for keeping adequate aGwunling re¢ords that disclose with tyasonable accuracy at
any time the financial position of the Trust and enable them to ensure that the financial staternents ctsmply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Tnjsl and hence for taking
reasonable Steps for the prevention and delefjtion of fraud and othèr irregularities.

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE>
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST
LIMITED
Opinion
We have audited the finanaal statements of Weslbourne House School Educational Tru51 Limited Ilhe 'Trusl'l for
the year ended 31 August 2023 which comprise the statement of financi81 aciivilies. the balance sheet, the
statement of cash flows and notes to the fin3ncial statements, including significant accounting policies. The financial
reporting frarnework that has been applied In Iheir preparation is applicable law and United Kingdom Accounting
Standards, Includ1ng Financial Reporting Standard 102 The Financi21 Reporting Standarcl appliGable in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion. the financial staternents..
give a true and fair view ol the State ol the charitable ¢ompany's affairs as at 31 August 2023 and of its
incoming resources and application of iesources, including its income and expenditure, lor the year then
ended.,
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
have been prepared in accA>rdance with the requirements of the Companies Act 2006.
Basls for opinlon
We conducted our audit in accordance with IrTrlernational Standards on Auditing IUIQ IISAS (UK)) and applicabSe
law. Qur responsibilities under those standards are furthei described in the Auditors rèsponsibilities for the audit of
the financial slalements section of our report. We are Independent ol the Trust in accordance with the ethical
requirements that are relevant to our audit of the finanGial staterllents in the UK, including the FRC'S Ethical
Standard, and we hzve fulfilled our other ethical responsibilrties in accordance with these requirements. We b81ieve
that the audit evidence we have obtsined is sufficient and appropriate to provide a b3s1s for our opinion.
Conclusions relating to going concem
In auditing the financial slaternents, we have conduded that the Trustees, use of the going concern bas15 of
accounting in the prèparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo event5 or
conditions that, individually or collectively, may cast significant doubt on the Trust's ability lo ￿ntinUe as a going
concern for a period of at least ￿e1ve months frorn when the financial statements are authorised for issue.
Our responsibilities 8nd the responsibilities of the Trustèes with respect to going concém are described in the
relevant sections of this report.
Other inforniation
The other information comprises the information included in the annual report other than the financial statement5
and OLJr auditols ￿port thereon. The Trustees a￿ responsible for the other infom)ation contained within the annual
report. Our opinion on the financial statements doés not cover the other information and, except lo the extent
olhenvise explicitly stated in our report, we do not expre55 any form of assurance conolusion Ihereon. Our
responsibility Is lo read the other information ancf. in doing so, consider whether the other information is materially
Inconsistent with the finanaal statements or our knowledge obtained in the course of the audit. or otherwise appears
10 bè rnaten311y misstated. 1f we identify such rnateiial inconsistencies or apparent material misstatements, we are
required to delermine whether this gives rise to a Material misstatement in the fin2n¢ial statements themselves. If.
based on the work we have performed, we conclude that there is a material misstatement of this other Inforrnation,
we are required to report that fact.
We have nothino to report in this regard.

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE MEMBERS OF WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST
LIMITED
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, b3sèd on thè work undertaken in the course of our audit..
the information given in the Trustees, report for the financial year for which the financial statements are
p￿pared. which indudes the directors, report and the strategic report prepared for the purposes of company
law, is consislent V￿l￿ thè financial statements., and
the strategic report and the directors, report induded within the TTUStees' Teport h8ve been prepared in
accordance wrth applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Trust and tts environment obtained in the course of the audit,
we have not identified malerial misstatements in the strategic report or the dirèctors, report induded within the
Trustees, report.
We have nothing to report in respect of the following matter5 in relation to which the Cotnpanies Act 2006 requires
us to report to you If, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
fmm branches not visited by us-, or
the financial statements are not in agreement with the accounting records and retums., or
certain disclosures of trustees. remuneration specrfied by law are not made.. or
we have not received all the information and explanations we requiFe for our audit.
Responsibilities of Trustees
As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are also the directors of the
Trust for the purpose of company law, are responsible for the preparation of the finanaal staternents and for being
satisfied that they give a true and fair wew. and for Such inlemal contml as the Trustees determine is necessary to
enable the preparation of financial statements that are fr* from material misstatement, whether due to fraud or
error. In preparing the financial staternents, the Trustees arè rèsponsible for assessing the Trust's ability to continue
as a going concern, disclosing. as applicable, matters ielated to going concern and using the going concem basis of
accounting unless the Trustees either intend lo liquidate the ¢hantable company or to cease operations. or have no
realistic altemative but to do so.
Auditorfs responsibilities for the audit of the finaneial statèmènts
Our objectives 8re to obtain reasonable assurance about whether the finanual statements as 8 whole are freè from
material misststement. whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assuran￿ is a high level of assurance but is not a guarantee that an 8udrt condvcted in accordan¢e
with ISAS {UK) will aNvays deteol 3 material misstatement when it exists. Misstatements can arise from fraud or
error and are considered rllaterial if, individually or in the aggregate, Ihey could reasonably be expected lo influence
the econornic de￿s1OnS of users taken on the basis Of these financial statements.

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE MEMBERS OF WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST
LIMITED
Identification and assessment of irregularities Including fraud
Irregularities, including fraud, are instances of non-complian￿ with laws and regulations. We designad pro¢edures
In line with our responsibilities, outlined above. lo detect material misstatements in respect of irregulanties, Including
fraud. The extent to which our procedures were capable of detecting irregularitie5, induding fraud is detailed below."
we fO￿Sed on speafic laws and regulations which we considered rnay have a dared material effect on the
financial statemellls or the operations of the association. Including The Companies Act 200E3,
we obtained an understanding of the Segal and regulatory Iramewotk applicable to the entity and how the
entity is compwing with that framework by making appropriate enquiries of rnanagement as well as
considering the Inlemal controls in pla￿ lo mitigate risks of fraud and non-compliance with 18ws and
regulations,
we made enquiries of those charged with governance and tnanagement con¢erning'.
the iisks of fraud.,
instances of non-oompli8nce with laws and regulations or knowledge of actual. suspected, or
alleged fraud is documented during the period".
we allocated an engagèment team that we considered colSectively had the appropriate competence and
capabilikn.es to identify or recogni5e non-compliance with12ws and regulation3.
Audit response to tho risk of irregularities Including fraud
Based on the ￿S￿1t$ of our risk assessment, our procedures included. bul were not limited to..
perfoming anatytical prO￿dureS lo identify any unusual or unexpected relationships.
evaluating whether the selection and application of accounting policies by the entity that may be indicative
of fraudulent financial reporting resulting from management's effort to manage earnings.
assessing whether judgements and assumptions madè in determining thè accounting eslimales set out in
note 2 were indicative of potential bias.
agreeing financial statement disclosures to undedying supporting documentation.
reading the minutes of meetings of those charged wth governance.
reviewing the ￿rreSpOndenCÈ with relevant regulatory bodies.
lesling of journal entries lo address the risk of fraud through management override.
incorporating an element of unprediGtability in the selection of tre natu￿, tirning, and extent of our audit
procedures.
corroboiating the business r*ionale for transactions outside the normal course of busines5.
Conclusion5 ￿gardIng the risks of irregularities including fraud
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations 8re frorll financial transactions. the less likely it is that we would become aware of non-compliance.
Material misststements that arise due to fraud can be harder lo detect than those that arise from error as they may
Involve deliberate concealment or ¢ollusion.
We considered our audit was capable of detecting irregulaiities due to..
the effectiveness of the entity's internal controls..
the nature, tirning and Èxtent of audit proce(lures perfonred., and
the absence ol contradictory evidence.

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST
LIMITED
A further description of our responsibilities is available on the Finanaal Reporting Council's website at.. https."Il
www.frc.org.uklaudilorsresponsibilities. This description forms part of our audilorfs report.
Use of our report
This report is made solely to the charitable companys members, as a body. in aceordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
members those matters w& are required to state to them in an auditor's report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibilty to anyone other than the charitable
company and the charitable ¢ompany's members as a body, for our audit work, for this report, or for the opinions we
have fomed.
Claire Norwood Bsc FCA ATII (Senior Statutory Auditor)
for and on behalf of Sumer Audit
Chartered Accountants
ststutory Auditor
Piper House
4 Dukes Court
Bognor Road
Chichèstèr
West Sussex
P019 8FX
Sumer Audrf( is a trading name of Sumer Auditco Limited
10-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR fHE YEAR ENDED 31 AUGUST 2023
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Notss
Income and efidowments from..
Donations and legacies
Charitable activities
Other trading a¢tivitie5
Investments
Other income
1.532
6,837,470
51,903
53,435
6,837,470
89,517
80,599
85,875
542
5,943.495
11.363
11.905
5,943.495
89.517
80,599
85.875
33,748
80.347
33.748
80.347
Total income
7,005,476
141.420
7,146,896
6,058.132
11,363
6,069,495
enditure on:
Raising funds
10,001
42,764
52,765
9.863
9,863
Charitable activities
6.547,926
35,856
6,583,782
5.562,780
5,888
5,568,668
Total expenditu
8.557.927
78.620
6,636,547
5,572.643
5,888
5,578,531
Net gainslllossesl on
investments
14
174,7121
174,7121 1130,2751
1130,2751
Net income for the yearl
372,837
62,800
435.637
355,214
5.475
360.689
Net movement in funds
372,837
62,800
435.637
355,214
5.475
360,689
Fund balances at 1 September
2022
12,945,999
103,838 13,049,837 12.590,785
98,363 12.689,148
Fund balances at 31 August
2023
13,318,836
166,638 13,485,474 12,945,999
103,838 13,049,837
The slalement of financial a¢livilies includes all gains and losses recognised in the year.
All in¢ome and expenditure derive from ￿ntinUIng actiwties.
The statement of financial actiwlies also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
{LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT31 AUGUST2023
2023
2022
Notes
Fi-ed assets
Tangible assets
Invesfments
16
17
10,512,638
1,387,498
10.457,145
1,426.727
11,900,136
11.883,872
Current assets
Debtors
Cash at bank and in hand
19
351.170
2,519,615
292,005
2.256,314
2.870,785
2,548,319
Creditors.. amounts falling due wtthin
one year
20
11,235,447)
11.357,354)
Net current assets
1,63S,338
1,190.965
Total assets less current liabilities
13.535.474
13,074,837
Provisions for liabilÉties
21
150,0001
125,0001
Net assets
13,485,474
13,049,837
Incomè funds
Restricted fvnds
nr
stricted funds
General unreSt￿cted funds
Rev31uation reseroe
23
16e,638
103,838
13,323,367
14,5311
12,902,122
43,877
Total unrestricted funds
13,318,836
12,945.999
13,485.474
13,049,837
The acco
nts were approved by the Trustees on ..................
J H L Patrick MVO Bsc (Chairman)
TTLtstee
Company Registrdtion No. 902869
12-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2022
Notes
Cash flows from operating activities
Cash generated from operations
28
442,797
876,442
Investing a¢￿VitieS
Purchase of tangible fixed assets
Receipts from sale of langible r￿ed assets
Purchase of other investments
Proeeèds on disposal of other investments
Dividends and interest re￿IVed
1224,7821
170
1208,8331
205,775
80,599
192.3781
1430,2901
137.853
33,748
Net cash used in investing actrvities
1147.0711
1351,0671
Net cash used in financing activities
Nèt increase In cash and cash equivalents
295,728
525,375
Cash and cash equivalents at beginning of year
2.269,029
1,743,654
Cash and cash equlvalents at end of year
2,564.755
2,269,029
Relating to=
Cash and Bank balances
Cash in Inve51rnent portfolio
2,519,615
45,140
2.256,314
12,715
2.564,755
2,269,029
13-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting polici*s
Charity information
Weslboume House School Educational Trust Limited is a private company limited by gLJarantee incorporated
in England and Wales. The registered office is Weslboume House S¢hool, Coach Road. Shopwyke,
Chichesler, West Sussex, P020 28H.
1.1 Accounting convention
The finan¢ial statements have been prepared in accordance with the Trust's goveming document, the
Companies A¢t 2006 and 'Accounting and Reporting by Charitiès.. Statement of Recommended Pr3Ctice
applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard
8ppli¢able in the UK and Republic of Ireland IFRS 102) leffective 1 January 20191" The Trust is a Public
Benefit Entity as defined by FRS 102.
The finanryal statements are prepared in sterfing. which is the functional currency of the Trust. Monetary
amounts in these financial statements are rounded to the nearest L
The account5 have been prepared under the historical cost convention, modified to include the revaluation of
certain finanryal instruments 8t fair value. The principal aecounting policies adopted are set out below.
1.2 Going concern
At Ihe time of approving thè financial statements, the Trustees have a reasonablè expectation that the Trust
has adequate resources to continue in operalional èxistence for the foreseeable futu￿. Thus the Trustees
continue to adopt the going COn￿M basis of a￿ountIng in preparing the financial ststements.
1.3 Charitsble funds
Unrestricted funds are available for use at the discretion of the Trustees in fvrtherance of their charitable
tsbjèctives.
Restricted funds are subjèct to Spe￿fiC ¢ondition5 by donors as to how they rnay be used. Thè purposes and
uses of the restricted funds are set out in the notes lo the financial statements.
IA Income
Income, induding grants, is recognised when the Trust is legally entiued to it after any perfomance conditions
h8vè been mel. the amounts G3n be measurèd reliably, and it is prob¥blé that income wll be received.
Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of
the donation. unless perfortllance oonditions require deferral of the amount. Income tax recoverable in relation
to donations received under Gift Aid or deeds of covenant is recognised at the time of the dollalion.
Legaaes are recognised on receipt or otherwise if the TnJst has been notified of an impending distribution, the
amount Is known, and receipt is expe#ed. If the amounl is not known. the legacy 1$ treated as a contingent
asset.
Included in other income are re¢overables which are shown net of expenditure. These are shown net because
they are small amounts spent whi¢h are recovèrable IroFll the pupils and are included on the bills sent to
parents.
14-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
{LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies
(Continuedl
1.5 Expenditure
Liabiltties are recognised when they are incurred and the costs are debited to the Statement 01 Financial
Activities ir) full in the year in which they relzte lo Education equipment and materials and sports and game5
equiprrent incurred in June, July 2nd August are treated as prepaid and are therefore debited to the
Statement Of Financial Activities in the following financial year.
Charitable acti￿lieS expenditure consists of providing education which is split between 8divities undertaken
directly. orant funding of activities, support costs and governan¢e costs. Aetiwties undertaken directly Includes
the gross salary, employerfs Nl and employerfs pension ol the teaching staff, the depreaation ol the cornputer
equipment, education equipment and matenals, sport and games equiprllent, educational i4sits and activities
and provisions. Support costs includes all the other costs incurred except audit and accountancy fees which
are Induded in Governance ¢ost5.
1.6 Tangible fixed assels
Tangible fixed assets other than freehold land are staled at cost nèt of depreciation and any imp8irmenl
losses.
Depreciatioft is recognised 50 as to write off the cost or valuation ol assets lass their residual values over their
useful lives on the following bases..
Freehold land and buildings
Leasehold property
Plant and machinery
FixlLJres. fittings & equipment
Cornputers
Motor vehicles
15 years I So years slraighl line
25°/0 Reducing balance 110¢/o straight line
10 /0 Reducing balance
10°/¢- 25°/0 Straight line
25°/o Reducing balance
No depreaation is provided on freehold buildings on the grounds that it would be immaterial as the buildings
have an estimated long remaining useful lifé and high residual value, in excess of their cost.
The gain or105s arising on the disposal of 8n asset is detemined as the difference befv￿&e￿ the sale proceeds
and the carrying value of the asset, and is recognisgd in the staternent of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at lair value at each reporting date. Changes in fair value are iecognised in nel
incornellexpenditurel for the year. Trans8Ction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end dale, tha Trust reviews the c8rrying amounts of its tangible as5els to detèrmine whether
there is any indication that those assets have suffered an impairment loss. If any such indication exists, the
toverable amount of the asset is estimated In order to deterrnine the extent of the impairment loss lif anyl.
1.9 Ca$h and cash equivalents
Cash and Cash equivalents include cash in hand. deposits held al call with banks, Other short-term liquid
investments with origin31 rnaturilies of three months or less, and b3nk overdrafts. B8nk overdrafts are shown
within borrowings in Gurrent liabilities.
15

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies
Icontinuedl
1.10 Financial instrumènts
The Trust has elected to apply the ptovisions of Se¢tion 11 'Ba5ic Finanu81 Instruments. and Section 12
'other Finaricial Instruments Issues, of FRS 102 to all of its financial instruments.
Finanaal instruments are recognised in the Trust's balance sheet when the TNst becomes paty to the
contractual pmvisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial sl*ements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention Io settle on a net
basis or to realise the 8sset and settle the liability simultaneously.
Basic financial assets
Basi¢ finanaal assets, which include debtors and cash and bank balan￿$, are initially measured al
transaction price including transaction costs 8nd are subsequently carried at amort15ed Cost using the effective
interest method unless the arrangement constitutes a financing transaction. where the transaction is
measuièd at the present value of the future ieceipts discoLJnted at a market rate ol interest. Finantial assets
cL9ssified as receivable within one year are not amortised.
Basffc financial liabilities
Basic financial liabilities, including creditors and bank108ns are initially racognised at transaction price unless
the atrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable
within one year are not amortised.
Debt instruments are subsequently carried at 8mortised cost, using the effectwe interest rate method.
Trade ueditors are obligations to pay for goods or seNces that have been acquired in thè ordinary course of
operations from suppliers. Amounts payable are Classified as current liabilities if payment is due within one
year or less. If not. they are presentèd as non-current liabilities. Trade ¢rÈditors are reGognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
DereGognirlon of financial liabilities
Finanaal liabilities are derecognised when the Trust's contractual obligations expire or are discharged or
G3ncelled.
1.11 Provisions
Promsions are recognised when the Trust has a legal or constructive present obligation as a rèsult of a past
event, It is probable that the Trust will be required to settle that obligation and a reliable estimate c2n be m8de
of the amount of the obligation.
The amount iecognised as a prowsion is the best èstimale of the consideration required to settle the present
obligation zt the reporting end date, taking into account the risks and uncertainties surrounding the obligation.
Wnere the effect of the time value of money is materi81, the amount expected to be required to settle the
obSigation is recognised at present value. ivhen a provision is measuEd at present value, the unwinding of
the discount is recognised as a fin3nce cost in net incomellexpenditurel in the period in which it anses.
1.12 Employee benefrts
The cost of any unused holiday entilement is recognised in the period in which the employee's servi¢es are
received.
Termination benefrts are recognised immediately as an expense when the Trust is demonstrably committed to
lem)Inate the employment of an employee or to promde termination benefits.
16-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies
IContlnu¢dl
1.13 Ret1￿ment benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimatès and judgament$
In the application of the Trust's accounting policies. the Trustees are ￿qUired to make judoements, estimates
2nd assumptions about the carrying amount ol assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on histoncal expenence and other factors that
are considered to be relevant. A¢lual results may drfffer from these eslitnales.
The estimates and undertying 8ssumplions are rewewed oll an ongoing basis. Revisions to 8c£ounting
estimates are recogni5ed in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donations and lega¢ies
UnrestTiCted Restricted
funds
funds
Total
Unrestricted Restrtcted
funds
funds
Total
2023
2023
2023
2022
2022
2022
Donations and gifts
Grants receivable for
core activities
1,532
51,903
53,435
542
9,363
9,905
2,0(
2.000
1,532
51,903
53,435
542
11,363
11,905
Charitsble actlvities
2023
2022
Gross Fees re￿Ivable
Less.. Bursaries, Scholarships and Discounts
7,497,452
1726,8571
6,632.551
1760,1591
Nel Fees receivable
6,770,595
5,872,392
Recreational facilities
Summer camps and courses
46,611
20,264
50,401
20,702
6,837,470
5,943,495
17

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
{LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Other trading activities
Rèstricted
funds
Totsl
2023
2022
Fundraising events
89,517
Investments
Unrestricted Unrestricted
fLknd$
funds
2023
2022
Income from listed investments
Interest receivable
45.491
35,108
32,556
1,192
80.599
33,748
Other ineome
Unrestricted Unrestricted
funds
fvTrds
2023
2022
Othér income
85,875
80,347
Raising funds
Unrestricted Restricted
fund$
funds
Total UnrÈstricted
funds
2023
2023
2023
2022
Fundr81sin(s and ubli¢i
Staging fundraising events
42,764
42,764
Inve
tment mana
ement
10,001
10,001
9,863
10,001
42.764
52,765
9,863
18

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Charitabla activities
Providing Providing
adu¢ation
aducation
2023
2022
Staff Costs
Depreciation and itnpairment
Education equipment and materials
Sport and gatnes equipment
Educational wsits and actiirities
Provisions
3.069,303 2,861,406
68.489
58,837
205.564
142,105
17,478
9,530
50,427
30,556
248,425
190,560
3,659.686 3,292,994
Grant funding of activities (see note 101
34,606
5.888
Share of support costs Isee note 111
Share of governance costs {see note 111
2.868,850 2,250.636
20,640
19,150
6,583.782 5,568,668
Analysis by fund
Unrestrioted funds
Restricted funds
6.547,926 5,562,780
35,856
5,888
6,583.782 5,568,668
10 Grants payable
ProvFding
education
2023
Providing
education
2022
Grants to inslilutions12 granlsl..
Other grants
685
Gr3nts to individuals12 grants)
33.921
5,888
34,606
5.888
The grants payable to indivKluals of £33.921 12022 - 25.8881 are reslricled grants to two Ukrainian refugees
for their fees and expenses paid out of the Bursary Fund.
19-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2023
11
Support costs
Support Governance
¢05ts
costs
2023 Support Costs Governance
costs
2022
Staff c05ts- Support
Staff costs- Welfare
Staff costs- Holiday pay
provision
Depreaation
Rates
Insurance
ght and heat
Repairs and
maintenance
Printing, postage,
stationery, advertising
and website
Telephone and f8X
Motor expenses
Leg81 and professional
fees
S¢hool inspection
Household expenses
Cleaning contracts
Upkeep of grounds and
pool
Bad debts
Sundry expenses
Bank charges
1,154,519
368.673
1,154,519
366,673
972,862
360,454
972.662
360,454
25,000
100.630
56,153
41,092
318,183
25.000
100.630
56,153
41,092
318,183
25,000
83,022
98,774
46,169
152,909
25,000
83.022
98,774
46,169
152,909
438,872
438.872
165,023
165,023
70,189
13,392
41,674
70,189
13,392
41,674
78,032
8.021
45,167
78,032
8,021
45.167
42.255
3.583
51,OS5
7,073
42,255
3,583
51,065
7,073
19,384
3,645
47,015
7,572
19,384
3,645
47,015
7.572
92.873
467
36.449
8,908
92,673
467
36,449
8,908
74,494
26.692
29,620
6,981
74,494
26,692
29,620
6,981
Audit fe&s
Accountancy
6,815
13,825
8,815
13,825
,325
12,825
6,325
12,825
2,868,850
20,640
2.889.490
2,250,636
19,150 2.269,788
Analysed be￿een
Charitable activrties
2,868,850
20.840
2,889,490
2.250,636
.19,150
2,269,788
Governance costs indudes payments to the auditors of £6,815 12022- £6.3251 for audit fèes and £13,825
12022- £12.8251 for other seM¢es.
12 Trustees
None of the Trustees lor any person5 connected with them) received any remuneration, benefits or remnd of
expens&s from the Trust duTing the year.
20-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED>
FOR THE YEAR ENDED 31 AUGUST 2023
13 Employeè$
Number of employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
Teaching Staff
Admin and support staff
Welfare staff
65
46
24
67
45
24
135
136
Employment costs
2023
2022
Wages and sa18ries
Soaal security Costs
Other pension costs
Other staff costs
Holiday pay provision
3.796, 129
345,656
389.633
59.077
25,000
3,476,376
309,189
350.116
58.841
25,000
4,615,495
4,219,522
The total number of full time equivalent st3ff was 10512022. 1031. This comprised teaching staff of 5512022
571. admin and 5UPPOrt staff of 3612022- 311 and welfare staff of 1412022- 151.
The number of employèes whose annual rernuner8tion was £60.000 or morè
were..
2023
Number
2022
Number
£60,000- £70,000
£70,000- £80,000
£80,000- £90,000
£110.000- £120.000
£120,000- £130.000
During the year. the charity paid £51,93512022 £48,021> pension contributions for 512022 - 51 members of
staff eaming over £60,000.
21

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
14 Net gainslllossesl on invesknents
Unrestricted Unrestricted
funds
fiJt)ds
2023
2022
Revaluation of investments
Gainlllossl on salé of investment5
170,7231 {127,5061
{3.9891
12,769)
174.7121 1130,2751
15 Tax3tion
Due to its charitable status no 5iabilty to taxation arises in the finanual year.
-22-

o)N
Ln
p) ro
w)
Cw
otr
oj o cn
r4
ooo

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
17 Fixed asset investments
Listed
investments
Cash in
porifolio
Totsl
Cost or valuation
At 1 September 2022
Additions
Valuation changes
Increase in portfolio cash
Disposals
1,414,012
208,833
170,7231
12,715
1.426,727
208,833
rio,7231
32.425
{209.7641
32,425
1209,764)
Al 31 August 2023
1,342.358
45,140
1,387,498
Carrying amount
At 31 Auoust 2023
1,342,358
45.140
1.387,498
At 31 August 2022
1,414.012
12,715
1.426,727
Fixed asset investments revaluèd
The investments are included at middle price market value at 31 August 2023. The historical cost of these
investments is £1,392,029.
18 Finanttial instNments
2023
2022
Carrying amount of financial assets
Instruments measured at fair value thro￿gh profit or loss
1,342,358
1,414,012
19 Debtor5
2023
2022
Amounts falling due within one year=
Trade debtors
Other debtors
Prepayments and accnjed income
96,946
34,559
219,665
79,386
18,504
194,115
351,170
292,005
24-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
20 Creditors.. amounts falling due within one year
2023
2022
Other taxation and soaal security
Tr8de creditors
Othèr creditors
Accruals and deferred income
102,763
168,232
909,458
54,994
95,524
124.183
1,094,929
42,718
1,235,447
1,357,354
21 Provisions for liabilities
2023
2022
Holiday pay provision
50,000
25,000
Movements on provi5ions'.
Holiday pay
provlsiorE
Al 1 September 2022
Additional provisions in the year
25.000
25,000
At 31 August 2023
50.000
There is a holiday pay provision of £50,00012022 - £25,000) which relates lo the re-￿ICulation of the holiday
pay eletnent of several staff who are on annu81ised contracts who work term time only. The ch3nge in
calculation is as a re5uII of a High Court ruling and further advice Is being sought on this before performing
the calculations. The payments will have to be made in the 2023124 financi21 year and the £50,000 Is 8 best
estimate of what will be due for the 2021122 and the 2022123 years.
22 Ret1￿ment beneflt schemes
Deflned contrfbution schemes
The Trust operates a defined contribution pension scheme for all qualifyirTrg employees. The assets of th6
scheme are held separately from those of the Trust in an independently administered fund.
Thè charge lo profit or loss in respect of defined contribution schemes was £389,63312022- £350,116). At the
balance sheet date there were accrued pension contributions of £57,35912022 £49.0811.
25-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
23 Restiicted funds
The incom& funds of the charity indude restricted funds cornprising the following unexpended balances of
donations and grants helé on trust for spe¢ific purpose5:
Movement in funds
1ncoming
Resources
Balante at
resourc25
expended 1 September
2022
Movement in funds
Incoming
Resourc25
resources
expended
Ealance at
SÈpternber
2021
Balance at
31 August
2023
Bursary Fund
Donations for
OLJtdoor table
tennis lable
Donations for
flew mugs
Donation for
rnusi(21
instruments
Fundraising
for 2023124
overseas trips
Charitias
Fund
98,383
10.113
15,8881
102,588
21.299
133.9211
89,986
1,250
1,250
{1,2501
1,020
1,020
5.000
5,000
2,850
2,850
111.251
143,4491
67.802
98,363
11,363
15,8881
103,838
141,420
178,620)
166,838
24 Analysis of net assets bètsveen fvnds
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Totsl
2023
2022
Fund balances at 31
August 2023 are
represented by".
Tangible assèts
Investments
Current assetsllliabililies)
Provisions
10,512,638
1,387,498
1,468,700
150,0001
10.512,838 10,457,145
1,387,498
1,426,727
1,6￿.338
1,087.127
150,0001
125.0001
10,457,145
1,426,727
1,190,965
125,000)
166,638
103,838
13.318,836
166,638 13.485,474 12,945,999
103,838 13,049,837
-26-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
25 Operating lease commitments
At the reporting end dale the Trust had outst3ndino commitments for future minimum lease payment5 under
nOn-Can￿lIablè operating leases. which fall due as follows".
2023
2022
Within one year
Between two and fivè years
11.970
24.344
6.666
13.332
36,314
19,998
The operating lease payments recognised as an expense in the year were £10,20212022- £25,904).
26 Capital comn)itments
2023
2022
At 31 August 2023 the Trust had capital Commitments as follows..
Gontracted for bul not provided in the financial s13ternents'.
Acquisition ol property, plant and equipment
94.895
48.318
27 Relatèd party trat)saetions
Remuneration of key management personnel
The remuneration of key rnanagemernt personnel is as follows.
2Q23
2022
Aggregate compen5alion
458,834
424,168
Trdnsactions wlth relatsd pa￿e$
Mr J Bru¢e has children that attend the school with fee arrangements being in accordancè with the school's
norn31 terms.
-27-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
{LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
28 Cash generatsd from operations
2023
2022
Surplus for the year
435.637
360,689
Adjustments for.
Investment income recognised in statemant of financial actimties
Loss on disposal of tangible fixed assets
Loss on disposal of investments
Fair value gains 8nd losses on investments
Depreciation and impairrnent of tangible fixed assets
(80,5991
1,254
3,989
70,723
167,865
(33,7481
2,769
127,506
141.859
Movements in working capital..
{Incrè8sè1 in debtors
(Decreaseifincrease in creditors
Increase in provisions
159.165)
1121,9071
25,000
117.2001
269,567
25,000
Cash generated from operations
442,797
876,442
29 Analysis of changes in net funds
The Trust had no debt during the year.
-28-

WESTBOURNE HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
(LIMITED BY GUARANTEE)
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023