Registered number.. 00758856
Charity number: 307322
ROOKWOOD SCHOOL TRUST LIMITED
(A Company Limited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
A49¥QAQ'
2910712021
COMPANIES PVJUSE
A16

ROOKWOOD SCHOOL TRUST UMITED
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Admlnistrntive Detslls ol the Charity. its Trustees and Advlse
Trustees. Report
Independent Auditors. Report on th¢ Financial Statements
Statemènt of Financial Activities
8-11
12
Balance Sheet
13
Statement of Cash Flows
14
Notes lo the Financial Statements
15-35

ROOKWOOD SCHOOL TRUST UMITED
IA Company Llmited by Guarantee
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2020
Trustees
C Ma¢hin. Trustee
D Drew, Trustee
C Hardiman. Chair
L Bedborough, Trustee
V Wici(ens. Trustee
Lower. Trustee
F Penlold. TNstee
Company registered
number
7588S6
Charity regislered
number
307322
R•glstered offi¢e
Rookwocmj School
Weyhill Road
Ant*)ver
Hampshire
SP10 3AL
Company s$¢retary
S Bench
Independent audito
BRC Ac¢ounlants
Al¢fvrych House
Win¢he51er Street
Anth)ver
Hampshire
SP10 2EA
Bankers
Barclays Bank PLC
5 High Street
An(k)ver
Hampshire
SP10 1LN
Page 1

ROOKWOOD SCHOOL TRUST UMITED
(A Company Linited by Guarant￿)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2020
The Govemors, who are also directors for the purposes of u>mpany I￿, have pleasure in presenting their report
and Ihe audited fina￿la1 ststements of the ¢harty lor the year ended 31 August 2020 and conlirm they Comply
wrth the requirements of the Charitw Act 2011 and the Charrties SORP IFRS 102).
Referen￿ and adrninistrative detai15
Reference and ￿MinIstrative details are shcmfn in the schedule of members of the board and professional
advisers on page l of the financial Statements.
The Governors
C Machin
D Drew
C Hardiman
L Bedborough
V Wiekens
M L¢)wer
F Penfold
Each member is liable lo a maximum of £1 each in the event that the company is wound up.
Stiucture. govefnèncè and management
The School's Governing Dc¢ument is its Memorandum and ArtKles dated the 26th April 1963. This was last
amended on 151 Febwary 1999, The School is govemed by a Board of Govemors.
New members of the Board are recruited and elected to the Board after due process by the existing Governors.
Individual and colleclNe training of Governors is arranged to meet the requirements of the Board.
The Board of Govemors is charged wrth the overall m*￿ement and control of the Trust. Both the full Board
and the Finance and Resources Sub-committee meet three times a year in addition, regular meetings we
held by the Seftror Managemenl Team.
The day-tw running of the School is delegated to the Senior Management Tearn, which, during the year,
consisted of the Headmaster. the Deputy Head. the Bursar and the Heads of School. as Y￿11 as committees as
required for the eft￿lent management of the SclKd.
The School i8 a single charrtable and business enlty- ft maintsins ckjse links wlh other inrlependenl schools,
local schools and the communrty through spO￿"ny. educational, social. relvJK•us and charitats￿ aclivilies, The
maj¢r risks lo which the School is exFosed as TrJentrf*d by Ihe Governors. have been rev￿￿1 and Systems
eslabhshed lo manage these risks.
Obj¢¢tive5 and adivities
The principal purpose of the scho￿ continues to be the provision of edu&￿.0n.
Rookwood School is a non4elective C(￿eduCatiOnal school which aims lo prowde a first cla55 day and boarding
education lof children be￿n the ages of 2 and 16 on a fee payiThJ basis through strong academic luilion of a
broad, balanced CU￿￿ul￿m. together with the development of whle sportirKJ, artistic and social skills in an
environment where each pupil can devek)p his or her potential, seffwconfidence and desire lo contribute lo the
wider community.
Every puprl is enccyjraged to perform to the best of their atm.lty in all ¥*heres of aclivrty. Hb3h stsndards are
expected whilst recognising th* success come ￿ diflerenl guises for drfferent pupils and wll be celebrated al
every level.
The personal develcyment of each pupil is ￿p￿an1. and the Sch￿1 aims to provNJe a safe, happy and relaxed
atmosphere in which the pupils f￿1 free lo develop Iheif play and ￿rning. The School encourages the
Page 2

ROOKWOOD SCHOOL TRUST UMfTED
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2020
developrnenl of pupils, self4discipline and seif*sleern. so thal they leave Rookwood as confident, well-pre5enled
young people, as well as aimirvJ to instil the values of care and con5Kleration for others. of courtesy and ol the
necessity to be able to work erther ccweratwety as part of a team or as an indmlual.
Public benefit
AV￿rdS and discounts
The School ha5 a grant making polry. During the year. in •Jdition lo proes for academic, sporting and olhei
achievement$, 21 separ*e wards were made in resFect of s¢holarship$, bursarie$ and other dI￿ount$.
Means-tesled opportunities provide ac¢ess to an eduCat￿n at the Schc*Jl to chihlren, whose famih'es are unable
to afford the fees. includirg those in povety.
The S¢hool provwjes means-tesled fvnding to milvJate fees for prospective and exisling pupils. There are no
predetemined quotas for the numbef of awards. hcwever. the financral total of awards shoukl not exceed 10P
of gross fee income. Bursaries for prospe¢tNe pupils are advertised as being worth up to 100% of fees. A
bursary can sometimes be offered in ￿nI￿￿tiOn wrth a scholarship.
In 201￿20 means4esled bursaries were awarded to 48 pupi15 tolalling 7.6% of gros5 fee Inc￿ne.
The availabilty of bursar*$ for pro$pectNe pwils aThJ hty4V to appty for them is advertised widety and on the
Schwl's web$ite.
The criteria for admission are based on whether the chikj is likety lo benefit from an education al the School.
Awards are made followiro an appI￿allOn lincludiryJ a statement of financral circumstances) and reviewed by the
Bursar and the Headmaster. Decisions are based on the degree of financial need tsu¢Jged by ir￿orne and asselsl
as well as social need (for example, famity break or problems al the ¢u¥rent school).
Children of armed forces famil￿S may receive a Continuty of Education Alluwa￿e from the MOD, which is not
means-tested but avaiLable to all ranks_
Parents wishing to send their chAd lo the nursery larKI Reception pupifs who are under 51 are able to lake
advantage of the Government's Eaty Years Ent￿ernent IEYEI grant, which provKles up to 30 hours per week
free funding. Enlttlemenl lo this scheme is not means-lesled and B therefore available lo those who can and
cannot afford the fees. However, rt is capable of provKling an cyportunty to benerrt people who cannot afford the
full fees.
Links wlth the local community
The Hall, Sports Hall and school grounds are aVarIab￿ for use by clubs and groups in the wder Community
Group$ LKsing the facilrties during the year included.. a football club, a badminton club. three netball clubs. a
brownie pack, a cr￿ket team and a music band. The l&ilrt*s We￿ aL%o used for holiday camps during the
utiimn term by Super Camps and the summer tern by our cmn s¢hool slaff. These a¢lNilies We￿ severety
cvrtailed due the impact of the Coronavirus Pan(Jemic.
Fund raislng performance and tupport for charllles
Significant Fund raisirg by pafenls in support of the Schwl is carried out by a separate charity cal￿d The
Friends of Rookwood (FOR}. Thi8 charty is a separate enlty and ￿ ports on its own aclivilies. Governors ensure
that members of FOR are awa￿ of Ihew ￿pOnsIb￿lI1es under the Charty Commission guidance for Charty
lundraisiry.
The pupils theMSe￿e$ corKluet a nurnber of fvnd raising activities for lo¢al. national and interrwtional charities.
Lasl year the school supported Giwngworks. Women V Cancer. Young Minds Mental Health, CharlE Waller
Memorial Trust and Chikdren'5 Srxiety-
Page 3

ROOKWOOD SCHOOL TRUST UIMTED
(A Company Limited by Guafanteel
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2020
Fund raising has been sKJnrfKantly curtaile(I due to the wnpxl of the Coronavirus Pandemic.
STRATEGIC REPORT
Achievement and pèrforniance
The School provided educalKfyn for 239 chthjren in the main schcol and 49 in the nursery duriN4 the year. There
continues lo be demand for p*es in the Senk?r Schwl (Years 7 - 111 as well as an increase in demand for
places in the Lower School {Nvrsery-Year 61 throughoul the academK year.
AH of our students achieved fNe or more GCSE examinth.ons at Grade 4 or above (equivalent lo a Grade C
under the old sy51eml Including English, Maths and Science. and the maionty of GCSES were awarded a Grade
7 or above lequwalent lo an AIA. under the old system). This is a fantastic set of res￿15 and we are delighted
that our students will now be able to progress to their chosen Sixth Fomi settirwJ.
While exam resutts are very important for our $ludenl$ lo continue their beaming joumey w8 a￿ very proud ofth8
resilience and focus they have shown durirrfj the lockdce•vn period. Rookwood students have used the lime they
would have spent on revision and sitting examinatKJns lo develop their key skilLs and prepare for their A-level
courses, supported by our investment in the Seneca leaming platfomi. Our students have also been hard 81
work in the communty. supporting therr kxal area and in many Cases finding employment in key worker settings.
We wish them every success at their chosen college and a￿ delighted that this is the *t cohort we wll need to
say 9oc*Yoye to al this stage. wlh the openirvj of our new Sixlh Form in September 2021.
The results achieved in a genUI￿ty rkJn-sele¢iNe school reflect the hard WOTk of tre St￿￿entS and their teachers,
and the s¢hoofs dedication to xademic and pastoral excelb2nce.
Extra<urricular activities
Trips. both in this ¢ounlry and abroad continue to fe*ure prominenlty in the actmties of the school. Trips
included.. Win¢he$lef Cathedral. R¢)man Baths, Liwng Rainforest, Pr￿a Express. Winchester S¢ien¢e Centre, 5
Hwnpton Court, Hawk Conservancy, Windsor Castle
The Duke of Edinburgh's Award Scheme continues to be a very popular extra-curitular &livity. The S¢h¢JoI also
ran a hugely successful Pers￿al Development Programme for Lth¥er School Pupils based on the previously
adopted Prince William Award.
Flnanclal revlew
The school had a net deficit in funds of £18.074.
Due lo a tough economic climate resulting predorninantry from the Coronawrus Pandemic, the School reduced
fees lo reflect the change to an online teaching provision during the period of lockdown closure. Fixed and
Percentage Bursarie5 awarded lo pupi15 increased in comparison lo the prh)r year.
Where appropriate. the schcd aceessed the Govemmenfs C￿ona￿ruS Job Relent￿n Scheme ICJRSI. the
funding from which. enabled the schcx)I lo pass discounts on to pa￿nts.
Due lo the Sehoofs clo$ure resulting from the Coronavirus Pandemic, no Est*e$ capital work was undertaken
and the Schoofs normal progrwnme of planned maintenance vtas signrfrantly curtailed. although all essential
Health & Safety matters were attended to.
The S¢hool remains highly competitive in the Independent School sedor. offering highty qualified and
expefience<l le￿hing staff at an affordable level in the market. 1nlroduc1￿ of the Sixth Form in September 2021
will m8ke Rookwood Scho)I the onty 'all through. Indeper¥Jenl School in the area providing eduCat￿n for pupit5
aged 2 10 18.
Interest rate swap
The charitys interest rate swap liabilty ￿d￿ed from £384,910 10 £345.2291£39.681 gain) during the year. The
Paye 4

ROOKWOOD SCHOOL TRUST UMITED
IA Company Limlted by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDEO 31 AUGUST 2020
Govemors have taken the view that rt ￿ loo costty and not an appropriate use of the ¢harty's' lund$ lo obtain
independent actuarial valuations on the interest rate swaps, therefore. valuation5 provided by Barclays Bank
have been used. Fluctuat￿S have been reW￿d for reasonableness and the Governors are happy they are in
line with expectations.
Reserves polKy
The Governors consxjer that I￿e resetves of one tem)'s expenditure S￿￿1 be prov￿￿e£l to co¥er the risks and
uncertainties of operating an independent Sch￿1. The poly is the￿fore to build up rese￿eS out of annual
operating surpluses until that level is reached.
Principal risks and unCertaint￿S
The Boafd of Governors is re5ponsfole or the 1denlrf￿tI(￿. assessment and management of a58i51ed by the
Senior Management Team. The major risk5 1dentrf￿d have been reviewed and system5 3fKI procedures
estsblished to manage the risks. Risks are Monrt0￿ by the Senbor Management. The School Oeveloprnenl Pl8n
is drafted with these risks in mind. A fomal by the Governors undertaken annually. The principal risks
identified are as folknws..
Compelilwe Risk
In a hwhty compelrtNe market. the School aims lo ensure that there are procedures in place for the effective and
limejy assessment of leaching and karning and Ihe overall pupil experience. The marketing 51ralegy is reviewed
regularty lo ensure rt is responding to changes in Ihe market place
Safe Environmenl
Safeguarding procedures are fdlthved at all times in of recruitment, training of staff and Msitors s(te.
Appropriate employTrenl poI￿leS and prc￿lureS are in place and regularty reviewed_ The Healih & Safety policy
Is reviewed and update(l annualty. The Heallh & Safety Commrttee, which is chaired by the Bursar and attended
by a member of the Board of Goverr#)rs. meets three times per year
Compliance
The education seclor ts highty ￿￿lated. The Governors, as guided by the Seni¢y Management Team ensure
that the School is up to date with all requirements. The s¢hool maintsin$ membership of relevant bodies to
ensure that it has access to appr¢Jprkate 9uwJance and support
Legal & Financi
The Schod appoints the appropriate professional thisors where necessary and ensures that rt is cover&J by
approprBle insurance using sector specralisl brokers
External Economic condrt￿ns
ECor￿mIC condrtions are consideied by Govemots arKI the SenK)r Management Team arKI are fa¢tOTed into the
risk ￿VIeW and School devebpment plan accoidingty.
Key ¢onlrols adopted aTe as folk)ws'.
Regular meetings of the full Board of Govemors and Senior Management Team, as well as sub-
committee meetings. all of which have lomial agendas and minutes r￿orded..
Annual review of the Schod Development Plan as well as comprehensive bLMJgeting. forewliry and
review ol managemenl accounts..
Comprehensive fomial written policies..
Clear controls and authorisation limits..
Safeguarding procedures for the prolectKJn of chrfdren".
Criti¢a5 incident planning and procedures in pL%e.
Plans for future periods
The Future aims of the Scho(A are reftected in the current 5 year Developmenl Plan whi¢h is ￿ntInUallY under
review.
The key elements of the plan are"
The preservation of the ethos of Rookwood School, its excelent P8Storal care, its academK achievement and its
w*Je range of high quality exlra<urricular actmties.
The school is delighted lo announce that rt wll open a ne•¥ Sixlh Fomi in September 2021 making Rookwood
School the only independent 'all-Ihrough' school in the Andover area, educating children from age 2 10 18.
The development of the schools, reputslion for excel￿nce as a 2 - 18 all-through school_
Page 5

ROOKWOOD SCHOOL TRVST UMITED
IA Company Limlted by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
The success of the sch¢)ol wrth regard to re¢rutting and retsining pupib in a Competrlive marketplace.
The development of boarding at the school.
The development of the nursery provision al the schcd.
The continued development rna1ntenan￿ of the schoofs extstirKJ buihjing stock and the future development
of lacilrtyès.
Continued development of curriculum arKI eXtrxurr￿uIaT opportunrttes in order to ensure qualty provision.
Remairttng abreast of chaftges in national educ*ional poly for example in EYFS, al GCSE, 8t A Level and the
MOD'S allocation of CEA.
Fundraising standards inforniation
Friends of Rts)kwood, who on behaEf of Rookwood School, false funds from members of the public by organi5ing
the events and activities detailed in this report and vla indiv*Yuals. organisalions, community groups and
companies who lundraise on our behatt. We Comply wrth legal requirements and adhere lo the Inslilule of
Fundraising Code of PrXl￿e and guideline. We do not empby any third parties to fundraise on our behatf and
have not received any complainls in relalion to our fundraising *ivilEs.
We will promulgate our policy on safe and legal fundraisiThJ lo those individuals. groups and wmpanies that we
know are fundraisiThJ for us. These aclNities are reviewed and monitored by the Trust DIT￿tor and indNiduals
supported and advised where appropriate.
Important non adSustlng events after the flnanclal perfod
On 20th March 2020 due to COVID-19. schools were instructed. by the Government, to close to all pupils less
those ol key workers and vulner&sle ¢hiklren. Where possible. schools We￿ requested to prowde a provision for
these ¢hiklren during Ihe Easter holiday period and hawng iden11t￿ these children, R¢)okwood School provided
such provision.
Having moved lo onh'ne learnirKJ. there wa5 a moral laAhough not a contractuall obligation lo revw school fees
where the school could nol provKle the selwice being charged for. Our priorty to the ¢harity is to ensure that it
remains a viable business once things begin to return to nomial. We needed to consitler all options that allowed
the school to retain pupils and staff for the 2020 Autumn Temi.
In assessing appropriate fee discounts. the Schcrtjl hlentrfied a staffin9 level suffiuenl to delNer the revised
curriculum and to ensure e5senlkql funct￿n$ We￿ delNered. Subsequentty, and where appropriate, staff were
placed on the Govemment's Coronavirus Job Retention Scheme with the School ensuring that staff received full
conlraclual pay. Non*5senlial expendrture was Suspended Inc￿dIng planned captsl works. Taken in isolation,
the School's financial response to the im￿1 of COVID-19. has delive￿ the best Possib￿ financial outcome
whilst ensuring lees refflected Ihe level of learning delNered.
Teacher Pen$h)n Scheme (TPS) Empbyer contributh)ns increased on 1st September 2019 res￿ling in an
increased financial commitment consmdered to be unsustainab￿. The Governors undertook a period of formal
consutt8tv)n vmth teaching staff o.ry a proposal to ￿8ve the TPS move lo an alternative pensKJn provision
from 1 st January 2020. At the end of the consultalK)n perh￿ the proposal was ratif*d and the school left TPS on
31st December 2019 ond moved lo the agreed alternative prov¥Jer.
Going Concern
As a colle¢tive Board, the Trustees believe that they have the n￿eSSary fi'nan¢o1 skills to scrutinise, interpret
and understand the detai￿ financial forecast￿repOrtS provKJed to them. It is on this basts that the Board 1$
¢onlidenl with the Goiro Concem nole lo the xcounls.
Statement of Responsibilities
The Governors {who are also the dirtttorn of Rookwjod School Tru51 Limited for the purposes of company Lwl
are responsible for preparing the &Jvemors' Report (including the sITateg￿ Rew)rtl and the financial Statements
in accordance with the Unrted Kingdom Accounbng Standard5 (United Kingdom Generalty Accepted A¢￿untIng
Pradicel and applicable L￿¥ and regulations.
Page 6

ROOKWOOD SCHOOL TRUST UMITED
IA Company Llmwiod by Guarantee)
TRUSTEES. REPORT ICONTINVEDI
FOR THE YEAR ENDED 31 AUGUST 2020
Company law requires the GoverrA)rs to prepare fin*¢ial ststements for each financial year. Under ￿mpanY
law the Goverr¢ors must not approve the financial ststements unless they are satrsfed that they gNe a true and
fair view of the state of affairs of the ¢harrtable ¢￿panY and ol its inccming ￿SoUrceS and application of
resources, including its income and expendrture, for that perttl. In preparing these financial statements, the
Governors are required lo..
select surtable accounting polkles and appty Ihem consBlenty.
observe the methods and principles in the char￿"eS SORP 2015 {FRS 102),.
make judgements and eslimales that we reasonable and PnKlent".
state whether appl￿ble UK Accountirwj Standards have been folh)wed subj'ecl to any material departures
disclosed and explained in the financtal statements_" and
plep8￿ the financial ststemenls on the going concem basi5 unless it is inappropriate to presume that the
eharitsble company will continue in business.
The Govemors are responsole for keeping *quate a¢¢ountH)g re¢ord$ thal are suffKient to show and explain
the chantable companls transactions and disclose 7Mth reasonable a¢curacy at any time the financial posrtK)n of
the charitable Company aThJ en*le them to enswe that the financral statements compty wth the Companies Acl
2006.
They are also respons*)le for Jafeguarding the as5els of the charitable company and hence lor taking
Teasonable steps for the Prevention and deleclKJn of fraud aTrJ other irre9ularrties.
In $0 far as the trustees are avrare..
there is no relevant audil inf0m)at￿n of vknich the Charitab￿ C(Kn￿lS auditor i5 unaware.. and
the Iruslees have L*en all steps thal they ought to have taken lo make themselves aware of any relevant
audit information and lo establish thai the audrtor is aware or thal informat￿n.
Thea
d by the Irust*s of the chariy on ...............aThJ signed on its behalf ty.
C Hardima
Chair of G
ve
ors
Page 7

ROOKWOOD SCHOOL TRUST UMITED
{A Company Limited by Guarnnteel
INDEPENDEPIT AuorfoRS' REPORT TO THE MEMBERS OF ROOKWOOD SCHOOL TRUST UMITED
Opinion
We have audrted the financial sLiternents of Rookwcod Sch¢xA Trust Limited (the 'charity'l for the year ended 31
August 2020 which comprise the Statement of Financial Acliwlies. the Balance Sheet. the Statement of Cash
Flows and the relateil notes, including a summary of Signrf￿anI accounting policies. The financial reporting
framework that has been applied in their preparation is appltable law and Unrted Kingdom Accounting
Standards, includiro Financial Reporting Standard 102 The Financial Reporting Stsndard appltable in the UK
and Republ￿ of Ireland. {United Kingdom Generalty Accepted Accounting Practice).
In ¢)ur opinion the financial st*ements.'
give a true and fair view of the state of the charitable companys aftairs as at 31 August 2020 and of its
incoming resources and applicat*)n of resources, in¢luding its irKome and expendrture for the year then
ended..
have been prcpety Prepa￿ in accordance ￿th Unrted King¢kn Gènerally Accepted Accounting
Practice", and
have been prepared in aceor¢Jarte ￿th the requirements of the Companies Ael 2006.
Basis for opinion
We cOnd￿ted our audit in a¢cDrdan¢e wilh International Standard5 on Auditing IUKI IISAS {UKII and appl¢cable
law. Our respOns￿li11t1es under those standard5 are further described in the Auditors, responsibilrties for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audrt of the financrdl slalements in the Unrted Kingdom.
including the Financial Reporting Councifs Ethical Stsndard. and we have fulfil￿ our other ethical
e5ponsibilities in accordance %wth these requirement5. We belwe that Il* audit w¢Jence we have obtained 15
sufficient and appropriate to provKJe a basis for our opinion.
Conclusions relating to going concern
We have Th)thing to report in respect of the fdbmng matters in relation lo which the ISAS IUKI require us to
report to you where..
the Trustees, use of the gc¥ng concem basis of accounting in the p￿parat￿)n of the financd ststemenls is
not appropriate- or
the Trustees have not disclosed in the financial ststemenls any identified malerol uncertainties that may
cast signrftant doubt about the ¢haiitable companys *)ilty to continue lo adopt Ihe 90ing concern basis
of accountin9 for a period of at ieasl months from the date vthen the financial sLitements are
aUt￿riSed for ￿SUe.
Page 8

ROOKWOOO SCHOOL TRUST UMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ROOKWOOD SCHOOL TRUST UMITED
(CONTINUED)
Other infomiatlon
The Trustees are responsible for the other inf0mlat￿l￿. The other inf0mlat￿n comprises the information included
in the Annual Report, othei than the financial statements and our Audrtors, Report Ihereon. Our opinion on the
financial statements doe$ not Cover the other infomialion and, except to the exlent olherwise explicrtty slated in
our report, we do not express any fomi of assuran￿ thereon.
In connection wrth our audit of the financial statements, our responsibility is to read the other informatson and. in
doing so. consicler whether the other infomiation 15 materialty inconsistent with the financ￿1 slalements OT our
knr)wledge obtained in the auLIrt or otheMse appears to be Mater￿lty mi5slaled. If we hyentify such rnalerial
in¢onsistencies or apparent material mi55taternents. we are required to deterrnl￿ whether there Is a rnalerial,
misstatement in the finan¢o1 $tatement5 or a materBI misststement of the other infom)ation. If. based on the
work we have performed. we Co[￿lude th* Ihere is a m*erK41 misstatement of Its's Lmher information, we are
iequired to report that fact.
We have nothing lo rep)rt in this regard.
Opinion on olher mattgrs prescribed by the Companies Act 2006
In tyjr opin￿)n, based on the work undertaken in the course of the audit..
the information given in the TfUStees' Report includirrfJ the Slralegic Report fly the financial year lor which
the financial slalements are prepared is consL%tenl wth thè financial statements.
the Trustees. Report and Strategic Report have been prepared in acwrdance with appI￿ab￿ legal
requirements.
Mattets on vthich we are required to report by exeeption
In the l**t of our knowledge and understsnding of the charrtable company and its environment obtsined in the
course of the audit. we have not K1entrf￿ material mis$t*ements in the Trustees. Report including the Strategic
Report.
We have nothing to report in respect of the foltcMiNJ matters in relation to which Companies Act 2006 requires
us lo report lo you if, in our opinion".
adequ*e xcounlmw re¢￿dS have not been kept. or ietums &Yequate lor our audit have not bèen
reeeNed from branches not visrted by us." or
the financial statements are not in a9￿ment with the a￿untI￿j records and re￿rns., or
certain disck)sures of Trustees. remunerathin SPecrf￿d by ￿ are mt made., or
we have not received all the information and explanations we require for our aud
Page 9

ROOKWOOD SCHOOL TRUST UMITED
IA Company Lim5tod by Guaranteg)
INDEPENDENT AUDITORS. RFPORT TO THE MEMBERS OF ROOKWOOD SCHOOL TRUST UMITED
{CONTINUEO}
Responsibllitles of trnstees
As explained more fulty in the Tn￿lee$, Responsth"litres Statement. the Trustees (who are also the diredors of
the charitable company for the purposes of wnpany lawl are responsible for the preparation of the financial
slalements and for being satisfth that they give a true and fair vw. and for such inte¥nal control as the
Trustees determine is necessary lo enable the preparation of financol statements that are free from material
rnisstatement. whether due to fraud or erroT.
In preparing the financial statements, the Tn￿teeS are ￿sponsible for assessing the chantable company's ability
lo continue as a going CO￿ern, disch)$ing. as appluble, matters relaled lo going concem and using the going
concern basis of ac¢ounling un￿$ the Trustee5 erther intend lo l*iuidate the charitable company or to cease
operatlQn5, or have no realist￿ *ternalive bvl to do $0.
AuditOlS' TespoTrs•bilitles for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from mateiial misstatement. whether due to fraud or error. and lo issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audrt conducted in
accordance with ISAS IUKI will always detect a matenal mi5slatement when il exists. Misstatements can arise
frem fraud or error and are consrdered matwral rf. indiwdualty or in the agg￿gate. they could reasonably be
expected lo influence the economt decisions ol usef5 taken on the basi$ of these fi'nancial $tslements.
A I￿1her descript￿rt of our resp)nsllH"lrt￿ for the audrt of the fin*cial statements is located on the FinancBI
ReportityJ Council's website at.. wth.fre.or
.ukl ditors
ilit*. Thi8 descripth￿ fomis part of our
Audrtors, Report.
Use of our report
This report is made solety to the ¢harrtable ¢￿pa￿S members. as a t**, in *￿rdance wilh Chapter 3 of Part
16 of the Companies Act 20C6. Our audit work has been undertaken so that we mi9hl slate to the charitable
companls members those matters we are required to stale to them in an Audrtors. Report and fol no other
purpose. To the fullest extent perrn￿ed by law, we do nol accept or assume responsibility lo anyDne other than
the charrtable company and ts members. as a body. for our audit WOTk. for this report. or for Ihe opinions we
have fomied.
Page 10

ROOKWOOD SCHOOL TRUST UMITED
(A Company Limlted by Guaranteel
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ROOKWOOD SCHOOL TRUST LIMITED
{COMTINUEDI
Jacqueline Taylor (Senlor str1￿.Ory Audllor)
for and on behalf of
BRC Accountants
Awch House
Winchester Street
Andover
Hampshire
SP10 2EA
S1712b
Date".
Page 11

. ROOKWOOD ￿￿Cl IOOL TRUST UMITED
{A Company Limiled by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 AUGUST 2020
Restricted Unrestrfcted
funds
funds
2020
2020
T¢)tsl
funds
2020
Total
funds
2019
Note
Income from:
Donal￿￿$ and legac
Charitable a¢livilies
Investments
173
1.521
2.916.102
16,843
3.493,375
2,841
1916.102
883
Other inccffle
438.745
438.745
Total income
Expenditure on:
Charitable a¢tiw*es
173
3.357.078
3.357.251
3,513,059
10.669
3.404.337
3.415,006
3,624, 173
Tolal expenditure
10.669
3.404.337
3.415,006
3, 624. 173
Net movement in funds before other
recognised gainslllossesl
Other recognised gainslllosses):
Olher gainsl{105sesl
110,496)
147.2S91
IS7.7551
(111,774)
39.681
39.681
(37.634)
Net movement in funds
R￿on¢ll1at10n of funds:
Total lunds brought forward
Net movement in funds
(10.4961
(7.578
{18.0741
(142. 748)
33.30S
110,496)
3,485.276
17.578}
3,518,581
{18.0741
3,661,329
(142. 748J
Total lunds carried forward
22.809
3.477,698
3.SOO,507
3.518,581
The Statement of Financial Aclivrties indude5 all gains and losses rects3ni%ed in the year.
The notes on pages 15 to 35 fc¥m part of these fina￿181 st*ements.
Page 12

ROOKWOOD SCHIX)L TRUST UMITED
IA Company Llmlted by Guarante•l
REGISTERED NUMBER: 00758856
8ALANCE SHEET
AS AT 31 AUGUST 2020
2020
2Q19
Fixed assets
T8n9ible assets
16
5.786.063
&844.242
5.786,063
&844,242
Current assets
Stocks
Debtors
Cash al bank and in hand
5,605
869,148
275.229
3,168
670,384
660.905
17
1.149.982
7.334.457
Creditors.. amounts faling wrthin or
year
18
{1.321.5821
(1.377,559)
Net Current liabilities
{171.600)
f43, 102)
Total assets loss current liabilities
5,614.463
5,801, 140
Creditors.. amounts falling due after more
than one year
19
11113.9561
(2,282,559}
Net assets excluding pension asset
3.500,$07
3,518,581
Total net assets
3,500,$07
3,518,581
Charity funds
Restricted funds
Unreslricted funds
22.809
3.477,698
33,305
3.485,276
. Total funds
3.500.507
3,518,581
The Trustees acknowledge their responsibilrties for comptying with the reqUir￿ents of the Acl with respect to
accounting records and preparaticn of financial statements_
ci
sl
approved and autPth)rtsed for issue by the Trustees and s
ne
on their behalf by..
rough
(Chair
Dale..
GoverTh)rs)
(Trusleel
The notes on pages 1 S to 35 fom part of these fina￿la1 statements.
Page13

ROOKWOOD SCHOOL TRUST UMITED
A Company Limlted by Guarantee}
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2020
2020
2019
Cash Ilows from opernting activities
Net cash used rn operattng a¢tiviti85
1283.9281
182,044
Cash flows from investing activitles
Dividends, inlere51s and rents from investrnenls
Purchase of lar￿ible fixed assets
883
2.841
f75, 771)
121.009}
N•t cash used In Inv•sting a¢ti¥ities
120.126>
(72,930)
Cash flo￿ frorn financing activities
Repayinents orf borrowiNJ
{81.6221
(747.269)
Net cash used in financing activilies
181.622)
1147,2691
Changè in cash and cash equivalents in the year
Cash and cash equivaknts at the beginning of the year
1385.676
660.90S
{38,155)
699,060
Cash and cash equivalents at the end of the year
275,229
660,905
The notes on pagès 15 to 35 form wt of these firkincial ststements
Page 14

ROOKWOOD SCHOOL TRUST UMITED
IA Company LIMIt￿ by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
General InfomHtlon
The charty is a Company limited by guarantee incorporaied in England and consequently does not have
share capital. Each of the Iwstees is liable lo contribute ￿ wnount not exceedir4J £1 towards the assets
of the charty In the event of 1￿U￿￿atiOn.
The address of rts regstered office is".
Ro0kv￿0d School
Weyhill Road
Andover
SP10 3AL
A¢¢ounting polities
2.1 Basls of preparation ol financlal staternents
The financial statements have been prepared in accordance with the Charrties SORP IFRS 1021
Accounting and Reporting by Charrties". Statement of Recommended Pracb"ee applicable to charities
Preparing their accounts in ￿COrdanCe wrth the Financial ReportirKJ Standard appI￿ab￿ in the UK
and Republi of Ireland IFRS 102) leffeclive 1 January 20191. the Financial Reporting Standt&d
applic¥knle in the UK and Republt of I￿land IFRS 1021 and the Companv&s Act 2006.
Rookwood School Trust knmtrted meets the definition of a public benerrt enlty under FRS 102. Assets
and liabilrties are initsalty recognised al histor￿al cost or transaction value unless otherwise staled in
the relevant accounting polry.
The financial ststemenls are prepared in sterling. which is the fuThctK)nal cur￿neY of the Charity,
monetary amounts in these financial statements are rounded lo the nearest £.
Page 15

r<ooKWOOD ￿1 IC>OL TnU?T UMITED
,1 IA Company Llmited by Guarant••l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Accounting policies (continued)
2.2 Going concern
The Governor5 revie4ved the Scho(A's Ik￿ prediCtic￿ and consider that the School is able lo
meet, and wll continue to meet. rts or¥Joing commitments.
During the year to 31 August 2020. the Schcd breached Ihe covenants on ils lending 4reement with
Barclays Bank.. a waNer was received Barclay5 Bank with respect lo these. The School did not
access it$ agree(J bank overdraft.
School income was negatNdy ￿￿p￿ted during 201￿20 as a resull of the Coronavirus Pandemic.
School fees wefe reduced in the summer te￿ to reflect a change in leaching provision from the
classroom to ￿mote leaming al home. The Schcol ck)sure also resulted in b5$ of income from
external hirers of the S¢lK)ol's facilt"b"es and the Sch(x)I's inabilty lo delwer a summer hol￿aY camp
provision.
Ad￿rt￿nal￿. restricted inlemalK)nal travel meant that income from international
boarders was receivec,. The redu¢tK)n in income has beeft offset by savings in operating costs and
also by a¢cessing the Gownment's Coronavirus Job Retention S¢herne ICJRSI.
The Schod V•YJrked cb)sety wth Barclays Bank and ￿tinued lo receive its full support during the
year to 31 August 2020.
The Schwl is forecasting a retum to profrt for the year ending 31 August 2021, a substantial in year
increase in cash fk)w and meeling its debt covenants with Barclay5 Bank. The annual increase in
school fees was deferred from the aLrtumn term lo Ihe spriThJ term. Pupil numbers have not yel
returned lo pre-pandemic ￿lS and the School continues to work hard on marketing, hthvever, this
has been restricted by the Govemment's pandemt safety measures. Whi15t uncertainty remains
over the full impact of the Pandem￿ on future pupil numbers. the School is experiencing increased
parentsl enqUIr￿S and subsequent school tOUTS for both the forthcoming academic year and futufe
years. During the year to 31 August 2021. the School has continued lo xces5 the CJRS (both full
and flexible furfoughing) in order to protect jobs and prevent redun(lancEs. During the year, the
S¢hool ￿ceiVed funding li the form of the Government's Bounce Back Loan. To date Ihis has
remained unuse<l and rt is Inter￿e￿ to repay the kjan in full in De¢ember 2021 wilhtsut incurring
interest charges. The School's relationship wrth Bar¢Lays Bank remains positive and no going
concerns have been expressed at this point in lime_ Again the Schcol does not intend lo access its
agreed bank overdraft and there is no that tt will be in the next 12 months.
In September 2021, the Scllool will open rts Sixth Form making Rookvrfocll SchDoI the only all
through independent schjol in the are8. The School has seen increased interesl frorn prospective
parents whose chikjren have joined bwer dcmn the sch￿1 knovAng that they will have eonlinuity of
education post 16. C#sh fkhv forecast for the year ending 31 August 2022 remains strong even after
making repayment of tlle Bounce Back Loan. Pupil numbers are ste￿Y and annual increases have
been assessed eon5er¥atNeiy. A surplus budget has been ratth'ed by governors for the year ending
31 August 2022. It is ant￿Ipated that in¢ome from ITading steams le.g. bettingslswimming lessons)
will increase appreciab￿ as government pandemt safety measures are eased. The School is
forecasting that it wll breach ts bank debt ¢o¥enanl bLrt again Bar¢1￿ Bank has not indicated al this
lime that a waNer wwkl rK)t be forthcoming.
The Governors have no material uKertaintw thut the chartys abilty to continue as a going
concern nor any spynrfunt areas of uncertainty that affect the carrying value of assets held by the
charrty.
Page 16

ROOKWOOD SCHOOL TRUST LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Aceounting policies (continued)
2.3 Income
Fees receivable and charges for servtis and use of premises are &¢ounted for in the period whrch
the service 15 provbged. Fees receivable are stated at fair value and after deducting allowances,
scholarships and other remissions granted by the sctrwl from rts unrestricled funds.
DOnat￿nS and legacies
Donations, gifts and *acies are reccyni5ed where there is enlitlemenl, probability of receipt and the
amount can be measured with sufficient reliability. I￿orne received for the general purposes of the
Chanty is included as Un￿triCted funds. Income for 8etiwlies ￿trIcted by the wshes of the donor 15
taken to restr￿ted funds where these wshes are legalty binding on the trustees.
Defenvdincome
Fees are charged in ￿VanCe of the new term and the income is deferred lo the first day of the
new term.
Olherin¢ome
Other income including investrrient incc¥ne i8 accounted for on an accru8￿ basis.
2.4 Expenditu
Liabilities are recognised as soon as there ￿ a legal or constructive Ob1KJat￿n committing the charity
lo the expendrture. All expendrture is accounted for on an ¥cruals basis and has been classified
under headiros that aggregate all costs related to the category. The irrecoverable element ol VAT is
included wilh the rtem of expense lo which rt relates.
Charitable acbvilies
Charitable expenditure comprises those ¢ost$ i￿VIred by Ihe Charty in the delNery of ts activrties
and services for rts beneficiaries. It includes both costs that Can be alocated di￿¢tty lo such xliwties
and those costs of an indirect nalure ne¢essary to support them.
Grant expenditure
The school offers a number of burs¥ies exh year to rts pupils. All f￿llieS in receipt of a bursary are
means tested with the level of bursary awarded dependent on the family incorne and assets. All
burs8ries are subject to annual rewew. In addition the school offers a small number of $¢holar$hips lo
pupils for perf0m￿nCe in the senK)r schcK)l entrance exam.
Redundancy and tern?inalwipayments
Redundancy and termination payments are charged against the Statement of Financial klivities in
the year in which the employees leave.
2.5 Govemance costs
These include the costs attribulable lo the chartys compliance wilh constilulional and slatutory
requirements. includirg audrt. slralegic managemenl and goveTnrxs' meebngs and reimbursed
expenses.
Page 17

ROOKWOOD SCHOOL TRUST UMITED
{A Company Limited by GuaTanteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Accounting policies (continued
2.6 Govemment grants
Government grants are credrted lo the Stalement of Financial A¢tMties as the related expenditure ts
incurred.
2.7 Interest ￿e1vable
Interest on lunds heky on deposit is inclLKled when receNable and the amount be measured
reliably by the Charrty.. this L% rK*rrnalty upon noIrf￿atIOn of the interest paid or payable by the
inslilulion wrth whom the funds are tkF*)srted.
2.8 Tangible fixed asyts and depreclatlon
Tangible fixed assets costing £1,500 or more are caprtalBed and recognised when ftrture econornic
beneffts are probable and the cost or value of the asset can be measured reliabty.
Tangible r￿ed asset5 are initK?Ily recognised at C05t. fes5 Subsequent accumulated depreciation aThJ
subsequent accumul*ed impaim)ent losses.
Where donations are recewl tthvards the cost of fixed assets. the amount ol Ihe dOnat￿n is treated
a5 reslricled funds. The equivalent proportKJn of the annual depreck81ion charge of the assets
conceme(l is Oebrted lo ￿trIcted funds.
Depreciation is charged so as to alIL￿te the cost of tarvjible fued assets less their resklual value
over their estimated useful Iwes.
Depreciation 15 provhjed on Ihe folk)wing ba5i5".
Motor vehicles
Fixtures and f￿1.￿J$
Computer equipment
Temporary buibjings
Property improvements
Tractor & garden equipment
Freehold PToperty- boar¢Jing
houses
Freehokl property- main srte &
bursary
20% straight line ba515
10% straight line basis
25% straight line bas
4% straight line basis
10% straight line b8SiS
25% straight line basi5
1% straight line bas
see bekMI
The cost of land inckjded in the t¥)arding h￿jSeS but not depreciated is £345,000.
The schod operates a continuiro maintenance Program on the free1￿￿j property main sile, bursary,
catering cottage and boarding houses and this is undertaken lo ensure there is no significant
diminutKJn in the value of the freehokl propety. All properties are revEwed on an annual basis foT
impaimenl wrth any diminution recorded in the 51atement of finèneial activrties in the peric*J incurred.
The Iruslees believe the carry'ng value of the main srte and bursary wrthin the accounts is
S￿nIf￿ant1Y lower than the m051 recent valuation undertaken in 2018 and therelore any provisK)n for
depreciation woukl be immaterial and 15 therefore r￿t provided ￿thIn the accounts.
Page 18

ROOKWOOD SCHOOL TRUST LIMITEO ' .
IA Company Limitcd by.Cuaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Accounting polic￿ {conlinued)
2.9 Stocks
Food stcck is valued at the of cost or net realisable value.
2.10Cash at bank and In hand
Cash and cash equivalents comprtse cash on hand and call deposrts. olher short-tem highly
liqurd rnvestments that are conVert￿le to a kn¢)wn amount of cash and are subje¢t lo an
insignifi'cant risk ol change in value.
111 Financial instruments
Class￿Call0n
The Charity has elected to appty the provisions of Secttthn 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Inslnjments Issues. of FRS 102, in full, to all of its financial inslrumenls.
The Ch8rty has financ￿$ assets and liabilrties of a kind Ihal qu8hfy as bastc and other financ181
instrument iSSL*S.
Recognit￿ andmeasurement
Trade and other debtors and crethlors are inrtkihty rtognised at tran&￿tIOn vahje and subsequently
measured al their settlement val￿.
Bank loans are initialty recc•3nised at their twsaction value and subsequentty measured al amortised
cost using the effective Inte￿$t r*e method. Interest expense is recognised on the basts of the
effective interest method and is included in interest payable and simikr interest charges.
Defivalwes are Initial￿ fecognised al fair value on the date a der￿ative contract is entered into and
are subsequenlty re-measured lo lair value at each reporting dale. Fair value gains and 105ses are
reccgnised in the financial statements in &COrdar￿ wilh FRS 102.
Impainnenl
Assets are assessed for indicators of irnpairnient al each reporting end date. Assets are Impaired
where the objectNe evidence that, as a result of one or more evenls Ihat occurred after the initial
recognition of the asset. the estimated future benerrt has been affected. The impairment knss is
recognised in Slalement of Financol Aclmties.
2.12 Finance leases and hire puvchase
Leases in which Substant￿llY al the rtsks and reward5 of ¢y•mership are retsined by the lessor are
classif￿d as operating lease5. Rentsls payable under operating leases are charged in the Statement
of Financial ACti¥rt￿s on a straghl line basi% ¢)ver Ihe ￿se tem.
2.13 Pensions
The Charty conlribules to the Texhers, PenS￿n Defined Benefrts Seheme * rates sel by the
Scheme Actuary and as advised lo the Govemors by the scheme Administr*or. The Charty also
contributes lo indwKJual personal pension schemes for various non•leaching staff at rates according
to individual empkjyment contrxts. Further details are gtven in the pensions note lo the financial
slalements. The 5¢hool wthdrew from Ihe Teacherfs pens￿1n Scheme on 31$1 Decembei 2019 ènd
teaching staff moved lo a new ocCUpat￿nal scheme piowded by Awva.
Page 19

ROOKWOOD SCHOOL TRUST LIMITED
(A Company L1rn5t￿ by Guarantee)
NOTES TO THE HNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Accounting policies Icontinuedl
2.14 Fund a¢¢ounting
General funds are unreslricled funds whth are available for use at the dtscretion of the TnJstees in
furtheran¢e of the general obje¢tives of the Charty and Wtt￿h have not been designated for other
purposes.
Designated funds ccrfnprise unreslrided funds that have been set asKle by the Trustees for particular
purposes. The aim and use of each deswnated fund is set out in the notes to the f￿ancIal
stalemenls.
Restricted fvnds are funds whKh are to be used in acc￿da￿e with specrfK restricti¢MS imposed by
donors or which have been raised by the Chanty for particular purptsses. The costs ol raising 8nd
administering such funds are charged against the specthc fund. The am and use of each restricted
fund is set out in the notes lo ￿ financkgl s&*ements.
Critical accounting estimates and area5 of judgment
Estimate5 and judgments are continualty evaluated and are based on historical experience 8nd other
factors. includin9 expectations of future events that are belkeved to bfy reasonable under the
circumstances.
Critical accounting estimates and assLrnPtf)ns"
The Charity makes estimates and assumptrons con￿￿ng the future. The ￿S￿lting accounting estimates
and assumptions wll, by definrtion, seklom equal the related xtual resuhs. The eslimales and
assumptions that have a sonrfunl risk of causing a material adjustment to the ￿rying amounts of
asse15 and Ikibilrtie5 wlhin the nexl financial year are discussed belcm.
The Teach8r5' Penston Defined Benefts Scheme ￿ a muMF*mployer pension scheme and it is not
possible to identify the assets and liabililies of the scheme whKh are attributable to the Charty. In
accordance wth FRS 102, Ihe scheme is accounted for as a defined Contribution seheme and
nlribulions are charged to the Statement of Financkal Actmties when payable. During the year,
payments lo Tr Teachers. Pen$w Defined Benefits Scheme ￿ase{l due lo all staff opting out of the
scheme.
Hedging
Assumptions have been made by the bank in ¢akulating the Va￿ of the interest rate swap and collar al
the year end.
Critical areas of judgement
A provision for impairment of fee debtors is established vA)en there ts obiective evidence that the *nounts
due will not be collected in line wih Ihe usual fee colknlions due to financial difficuty of the parents.
Depreciation
Depreciation is a svJnifKant accounting estimate ￿thin the accounts. Depreci*ion rates a￿ based on the
Useful expected Iwes of e￿h asset_ The Trustees revitrw the assels lo ensure that their kx)ll¢￿$ remain up
lo dale, accurate an(J in line wlh previous expeCt*￿n$ to confirni Ihal depreciation is not *celeraled or
under provKled.
Page 20

ROOKWOOD SCHOOL TRUST UMITED
(A Company Lknited by Guarante•)
NOTES TO THE FIMANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Income frorn donations and le9acie5
Reslricted Unrestricled
funds
funds
2020
2020
Total
funds
2020
Total
funds
2019
Donations
173
1,348
1.521
16,843
Tots12019
16.673
170
16,843
Income from charitable adiviti•s
Vnrestri¢ted
funds
2020
Total
funds
2020
Total
funds
2019
Fees receivable
Extra subjects and dtsbursements
Super camps activrtEs
2.712.200
202,713
1,189
2.712.200
202.713
1,189
3.201.589
281, 746
10,040
2.916,102
2.916.102
3,493,375
Total 2019
3,493,375
3.493,375
Investment income
Unrestricted
funds
2020
Total
lundg
2020
Total
funds
2019
Invesknent income- kcal cash
883
883
2,841
Tolal 2019
2.841
2,841
Page 21

ROOKWOOD SCHOOL TRUST UMITED
IA Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
(Xher IncomSng resources
Unrestricted
funds
2020
Total
funds
2020
Tolal
fvnds
2019
Government grants
438,745
438.745
Anatysis of expenditure ofi chaiitable activities
Summary by fund type
Restricted U￿￿trICted
funds
funds
2020
2020
Tolal
fund$
2020
Tolal
funds
2019
Educational ¥liviti"es
10.869
3.404,337
3.415,006
3,624, 173
Total 2019
36,648
3.587.525
3.624. 173
Analysis of expendilure by activitles
Activities
undertaken
dlrectly
2020
Total
funds
2020
Total
nds
2019
Educational actiwties
3,415.006
3A15,006
3,624, 173
Total 2019
3.624. 173
3.624, 173
Page 22

ROOKWOOD SCHOOL TRUST UMITED
IA Company Llmited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Anatysis ol expendituve by actlvttles I￿ntInued1
Anatysls ol dlrect costs
Fees
reeeivable
2020
Total
funds
2020
Tot
funds
2019
Staff costs
Depreciation
Academi¢ costs
ActNilies and disbursements
Eslablishmenl costs
2.469.464
79,189
171.811
106.533
141.015
59.467
84,210
52,385
35.086
73,835
14,137
119.S96
8.298
2.469.464
79.189
171.811
106,533
141.015
59,467
84,210
52.385
35,066
73.835
14,137
119,596
8,298
2,397,547
700,849
210,329
118,118
127,846
210, 168
87.931
53,002
40,Q86
119,996
23,767
126.350
8. 784
Repaits an¢J mèintenance
Office and IT expenses
Advertising and marketing
Equipment hire
Motor expenses
Legal and professional costs
Inleiest payable
Governance costs
3,415,OC6
3.415,006
3, 624, 173
Tola12019
3.624, 173
3, 624. 173
10. Other gainsllosses
2020
2019
Movement in valL￿t￿n of financial derNalNes
39,681
(31.634)
The charity has loan facilities available tolalling £1,885,261. There are l)edging instruments or inlerest
rate swaps in place to protect the charty 4ainst increases in interest rates in line wrth the Chartys
interest rale management policy. The hedging instruments have been measuTed at lair value and are
recognised in the financial st*ements In accordance wrth Charitses SORP IFRS 1021 and FRS 102.
Pège 23

ROOKWOOD SCHOOL TRUST UMITED
IA Company Limlted by Guarantee)
NOTES TO THE FINANCIAL sTATEmEP￿s
FOR THE YEAR ENDED 31 AUGUST 2020
11.
Auditors. remuneration
2020
2019
Fees payable lo the Charws a￿lItOr for the audit of the Charitys anrthl
aceoLtnts
4.460
4.460
Fees payable lo Ihe Chartys a￿lItOr in resFect of..
All rK*wudit servi¢es not included above
3.838
3, 724
12. Staff Costs
2020
2019
Wage5 and salaries
Socol secunty costs
ContfibLrtion to defined contribUt￿n pension schemes
1,969.426
161,739
338,299
2,020,285
168.489
208, 773
2.469.464
2.397,547
The 2020 penswjn contribLrtions include an increase i) employer ¢onlribulions from 16.4°h to 23.6°h
during the period Seplernber- December 2019.
The new Aviva pensM)n scheme alknvs staff lo sak4y 1$ relknted in the 2020 increased
pension conlribLrtions.
During the year, the ch*ity mae redundancy aTrJlor terMInat￿n payments which lotalled £Nil12019-
£9,500}.
The aver&Je number of petsons empwed by the Charty during the year was as folk)ws:
2020
No.
2019
No.
Teaching and ancillary staff
Admlnlslrativelcler￿al staff
Pastoral staff
58
12
61
11
32
29
102
loi
Pagè 24

ROOKWOOD SCHOOL TRUST LIMITED
IA Company Limited by Guarantgej
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
12. Staff costs Icontinuedl
The number of employees ￿se empbyee benefts lexclL¥JirKJ empwr pension costs) exceeded
£60,000 was..
2020
No.
2019
In the band £60,001- £70,000
In the band £70,001- £80,GOO
The tol81 employee bel￿ts of the key management personnel of Ihe charity were £299.119
12019.'£331.19n
13. Trustees. remuneralion and expenses
During the year. no Trustees received any remunerat￿￿ or other benefrts {2019- £NIL).
Duiing the year, hvo trustees paid a total of £25,81512019". £42.304) in turtion fees to the charity al open
market value.
14. Related party tran%%tions
During the year the charty ma¢Je the folyMn9 relaled patty Iransxtions..
Friends of Rookwood
(Friends of Rwkwo)d We a parent run chariy wlw) fundraise on behall of RoOkw￿d School Trust
Limited)
Rookwood School Trust Lirnrted colkct dI￿allOnS on behalt of the Friends of Rookwood and pay for
expenses on their behaK. all of which are rewnbursed. At the balance sheet date the amount due from
Friends of Rookwood was f.17312019 - £10).
15.
Taxation
The charity i8 a regISte￿d charty, and as such is enlilled to certain tax exeMptI¢￿S on i￿Ome and profits
from investments, and surpluses on any trading activities c8fTied on in furtherance of the charity's primary
obieclives, rf these profrts ar￿ surpluses are applied solety for charrtable putP05es.
Page 25

ROOKWOOD OCHOOL TRUST UMITED
(A Company Limited by Guarnntee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
16. Tangible flxed assets
Freehold
Plant and
Office Temporary
property equipment equipment
building$
Totsl
Cost or valuation
Al 1 September 2019
Additions
5,471.900
497.878
15.463
370.691
6,WJ,522
21,009
Al 31 August 2020
5.477.446
9.053
S13.341
370,691
6.370,531
DeP￿CIatIon
At 1 September 2019
Charge for the year
35.374
9.130
8.287
207.106
254.514
10.862
605,280
79.188
Al 31 August 2020
8.637
265.951
265.376
584.468 .
Net book value
Al 31 August 2020
5.432.942
416
247.390
105.31S
5.786.063
Al 31 August 2019
&436.526
766
290. 773
116,177
5,844,242
Assets with a r￿t book value of £5,412.40012019.. £5.419.300) a￿ pwed a5 securty for liabilrties.
17. Debto
2020
2019
Due within one year
Trade debtOTS
Other debtor5
Prepayments and aCcry￿d income
701.773
1.730
165.645
572, 737
1,741
95,906
869.148
670,384
Page 26

ROOKWOOO SCHOOL TRUST UMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
18. Creditors: Amounts falling due within one year
2020
2019
Bank loans
Trade credrtors
Other taxation and socia secunty
Other creditors
AccTuals and deferred ncome
178,001
37,813
40,908
46.684
1.018.178
t55.075
60,450
42,310
32.898
1.086.826
1.321.582
1,377,559
2020 deferred income consisled of fees invoiced in advance of the autumn tem. The amount was then
released in the nexl year.
Se¢ured debts
C￿dItorS due wrthin one year in¢￿de bank bans of £178.001 {2019". £155.0751. on which security h8$
been given ty the charity.
The bank loans and facil((￿5 are ￿￿red by charges over Rwkwood School dated 2111112008, a charge
over 15 & 17 The Avenue dated 21111r2008, ar¥J a debenture on the banks standard form dated
0311212008.
19. Creditors: Amounts falllng due after more than one year
2020
2019
Bank108ns
Accruals and deferred income
Financial instruments
1.707.260
61.467
345.229
1,871,808
85.841
384,910
2,113.956
2,282,559
Included in creditors are the folb*irg wnounts after ￿)re than fve years of £947,749 12019..
£1,108,518).
Borrowings due after fwe yea
Two bank loans wrth aggregate ￿0￿nIS of £947.749 {2019". £1.108,5181 vthich fal due after S years and
which are PaYa￿e by in5talments are in pl&e with Barclays with Inte￿$t being paid at 2(kn+ above the
Barclays base rate. The first lo￿ is due lo m*ure in November 2028 and the second loan is due lo
mature in Juky 2029.
Secured debts
Credrtors due after more than one year include of £1.707.26012019.. £1.811,8081. on wh￿h
securty has been given by the chanty.
The bank loans arKI facilrties are Secured by charge5 over RcokwoDJ School dated 21111r2Crt)8, a Charge
Page 27

ROOKWOOD SCHOOL TRUST UMITED
{A Company Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
19. Creditorn: Amounts falllng due after move than one y￿r Icontlnued
over 15 & 17 The Avenue dated 21111f2CKJ8. arKI a debenture on the bank$ standard form dated
03112QCN)8.
20. Penslon commllments
Ttre Charity parti¢ipale$ in ITie follow￿n9 Pensp)n Schemes".
lal the Teachers. Pens*)n Scheme Idefined beI￿rrtI,. and
Ibl defined contribulson schemes. the asset5 of which are held separatety ffl)m those of the Charity in
independently administered funds.
The total pension ¢osl charge for the year £338,299 12019." £208.773) includes contributions payable lo
the Teachers. PensKJn Scheme IVPS") of £92,47712019". £194.993) and contributions payable to defined
conlribulion s￿￿meS of £245.82212019= £13.780).
The total contributions not been paid lo the Schwnes at the year end are £65.607 (2019." £28,656)..
Teachers, Pension Scheffle
The TPS is a statutory, conlributory. defined benefft scheme. The regulalitins under which the TPS
operates are the Teache￿, Pension Regul*"ons 2010 las amendedl and the Te%hers' Pension
Regulations 2014 {as amended). These regulations appty to teachers in schools and other educational
establishments in ErKJLand and Waes maintained by local aLrthorrties, lo teachers in many independent
and volunlary-aided schools, and lo leachers and ￿CtUrerS in establishments of further and higher
educalKin. Membership is automab"c for fulktime teachers and lecturers and from 1 January 2007
automatic loo for teachers and lecturers in part-tirne employrnenl fo1b￿.n9 appointment or a change of
contract. Teachers and lecturers are able lo opt out of the TPS.
The Teachers. Pension budgeting and valuation account
Although teachers and knturers are employed by vartous bCxl￿s, their retirement and other pension
benefits. including annyal increases payable under the Pens￿nS Ilncreasel Acts are, as provided for in
the Superannuation Act 1972, paid out of monies provided by Parliament. Under the unfunded TPS.
tea¢hers' contributions on a 'pay-as-you*o' basis. and empioyers. conlributions, are clediled lo the
Exchequer under arrar¥Jements govemed by the above Act.
The Teachers. Penshjns Regulations requi￿ an annual account, Ihe Teachers. Pension Budgeting and
Valuation Account, to be kept of receipts and eXPendrtu￿ lin¢lwling the cost of pensions, inereasesl.
From 1 April 2001, the Account has been credrted wrth a ￿al rale of retum lin excess of price increases
and currently set al 3.0%}, which is equivalent to assumirwj th* the balance in the Accounts is inve51ed in
notional inve51menls that produce that real rate of otum.
Valuation of the Teachets. Pension Scheme
Not less than every four years IPre Governn￿nI Acluary {"GAI, usry nomial actuarial principles, cotKlucts
fornial actuarial revw of the TPS. The aim of the is to specify the level of future ¢onlribulions.
The contnbution rate patd into the TPS is assessed in ts¥o parts. First, a standard contribution rale I'SCR")
is delemir*d. Thts is the contribut￿n, expressed as a percentage of the salaries of teachers and
IuTers In service or entering service durirvj the perK)d over Ithich the ¢ontributk)n rate applies. which rf it
were paid over the entire acbve service of these leactrws and lecturers woukl broadty defray the cost of
benefrts payable in respect of that servi¢e. Secondty. a supplementary contribLrtion is payable rf, as
resuA of Ihe actuarial inve51igation, it is found that accumulaled liabilrties of the Account for benefits lo
Page 28

ROOKWOOD SCHOOL TRUST UMITED
IA Company L'imited by Guar•ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 AUGUST 2020
20.
Pension commitments Icontinuedl
past and present teachers. a￿ not fulty cOVe￿d by stsn¢lard contributions to be Pa￿ in future J)d by the
notional fund build up from past contributions. The total contribution rale payable is the sum of the SCR
and the supplementary eonlribuh'on rate.
The last valualton of Ihe TPS re￿Ie0 to the per￿ 1 April 2012 - 31 M8r¢h 2016. The GA'S report of the
March 2019 ￿vealed that tPE total liabil((ies of the Scheme {peTr$i￿$ currently in payment and the
estimated cost of fvture benefrts. amounted to £218.1 billtin. The value of the assets lestim*ed lulure.
contributions together wrth the P￿eedS from the notional investments held at the valuats'on dalel was
£1￿.1 bill￿n.
Scheme Changes
From 1 Seplernber 2015. the empw contrthrtKJn rale increased to 16.4(+A. From 1 April 2015. the TPS
was reformed. wrth a drfferenl benefrt slrucluie for a number of members. Ffom September 2019 the
employer contributK)n rate incwsed lo 23.6Y•. wh￿h onty impacted the school for one lem due to all stsff
opting out of the Teachers PensM)n Scheme on 31st December 2019.
21. Operating lease commitments
At 31 Au9USt 2020 the ChaTty had commrtmenls to make future minimum ￿se payments under non-
cancellable operating leases as folhThvs".
2020
2019
Not later than 1 year
Later than 1 year and not later than 5 years
34,335
46,310
31,552
73. 726
105,278
Page 29

ROOKWOOD SCHOOL TRUST LIMITCD
{A Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Statement of funds
Statement of funds- Current y•aT
Balance at 1
September
2019
Balance at
Gain￿ 31 August
ILosse$l
2020
In￿rne Expenditure
Unrestrictsd fund$
General Funds- all furbds
3.485.276
3.357.078
(3,404.337)
39,681
3,477,698
Restricted funds
Fixed asset donation fund
33.305
173
110.6691
22,809
Total of funds
3,518,581
3.357.251
13,415.006)
39,681
3,500,507
The specrfK purposes for which tl* funds are to be appl￿d are a$ folbxs:
The restricted fund above i5 a Fixed Asset t)onalion Fund - This fund represents a$set$ or expenses
purchased ¥wth donations from Fr￿ndS of Rookwood.
Page 30

ROOKWOOD SCHOOL TRUST UMITED
IA Company Lirnitcd by Guaranteol
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
22. Statement of fund5 (continued)
Statement of lunds- prior year
Balance 81
I September
2018
8818nce 81
31 Augusl
2019
Transfers
in/oul
Gatnsp
(Lossesj
Income Expendrfure
Unrestri¢t8d
funds
Designated
funds
Designated
Funds all funds
20. 727
32
(20, 759)
General funds
GeneTal Funds-
al funds
3.587.322
3.496.354 (3.587.525)
20.759
131. 634) 3,485,276
Total
Unrestricl
funds
3.608.049
3,496.386 13.587.525)
131, 634) 3.485,276
Restricted
lunds
Fixed a55el
dOnat￿n fund
53.280
16.673
f36,648)
33,305
Total of funds
3.661.329
3.513.059 (3.624. 173)
f37,634) 3,518,581
Transfer of £20.759 to unrestricted funds from Kathleen T￿ner Memorial Fund.
Page 31

ROOKWOOD SCHOOL TRUST UMITED
IA Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 AUGUST 2020
23. Anaty$i$ of net assets between fund5
Analysis of nel assets betweeTr funds- Current period
Restricted Unrestrlcted
funds
funds
2020
2020
Total
funds
2020
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than .)ne year
22.809
5.763,254
5.786.063
1.149.982
1,149,982
(1,321,582) 11.321,582)
(2.113,9561 12,113.9561
Total
22,809
3.477.698
3,500.$07
Anatysis of net assets between funds- prior perK
Reslncled unfystn.cted
funds
funds
2019
2019
Tol81
funds
2019
Tangible frxed assets
Current assets
Creditors due ￿thIn one year
Creditors due in m￿e than one year
33,30S
5,810.937
5,844,242
1,334.457
1,334.457
11,377.5591 (1.377,559)
12.282,559} (2,282.559)
Total
33.305
3.485,276
3,518,587
Page 32

ROOKWOOD SCHOOL TRUST UMITED
IA Company Lmnitod by Guarantool
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
RKonciliation of net rnovernent fund5 to net cash Ilow fwom operating activitie5
2020
2019
Nel expenditure for the perK¥J (as per Statement of Financial Aclivit¢e$)
157.755
(111.114)
Adjustments for-
Depreciation charges
DIV￿￿endS, inleresls and rents from investrnents
I￿rease in stocks
Decreaselinciease) in deblofs
IrKreaselldecrease) in creditors
79,188
18831
12,437)
1198,764)
1103.2771
IcXI,849
(2,841)
1742)
133. 104
62, 788
Net cash provided byllused in) operating a¢tivities
1283,928)
182,044
Analysis of cash and ¢ash equivalents
2020
2019
Cash in haTh
275,229
660,905
Total cash and cash equlvalents
275,229
660, 905
26. Analysis of changes in net d•bt
At1
September
At31
2019 Ca$h flows Augusl 2020
Cash at bank and in hand
Debt due wthin 1 ye
Debt due after 1 yeaT
660.905
1155,0751
11.811.808)
1385.6761
275,229
(22,9261
1178.0011
104,548 11.707.260)
11.305,978) 1304,054) 11,610.0321
Page 33

ROOI(WOOD SCHOOL TRUST UMITED
{A r￿m￿nY l imited by Guarant•g)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Financial Instruments
2020
2019
Flnancial assets
Financial a55els rneasured at fair value through income and expendrture
Financial assets that are debt instruments measured at amorti$gJ cost
275,229
869,148
660,905
670,384
1,144,377
1,331,289
2020
2019
Financial liabilities
Derivative financial instrLments measured at fair Val￿ through income and
expenditure held as part of a trading portlolio
Financial I￿bIl￿1eS measured at amortised c05t
1345.2291
(384,910)
13,090,309) (3,2T5,2089
13,435,538) (3.660, 118)
Financial assels measured al fay value throwJh incLyne expendilure includes cash al bank ￿ in
hand.
Financial assets that are debt instruments measured at amorttsed cost includes debtors.
Financial IrabililEs measured at fair value through sL*ement of financial xtivrtie5 Inc1￿￿eS the derivative
financral liabilty.
Financial liabifthes measured at amortrsed co51 I￿1[￿5 bank loan$. trade creditors, other tsxation and
social 5ecurty. other creditors. accruals and deferred in￿me.
Page 34

ROOKWOOD SCHOOL TRUST UMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Hedging arrangements
To hedge the rolenlial volalihty in future interest cash ficms on bank loan5 8r(8ing from movernents in
Bardays Bank Base rate. the Charty has entered h)to Iloating to fixed interesl rale swaps on an
amortising profile of the loans.
The swaps are accounted fcrf as a derNatNe fmancial Ikabity in accorda￿e with the Charit￿5 SORP
IFRS 102). The cash flows from the interest rate swap will continue until their malurty wh￿h is
coincvjental wrth the maturty of the bank bans. The change in fa'r value during the year is processed
wrthin the statement of financial xtNities.
2020
2019
Hedging arrangement
Recognised lossesnthilrties on hedges * beginniry of per￿d
IGainsybsses arisir¥J in the year
384,910
{39.6811
353,276
31,634
Recogni$ed losseslliabllltles on hedges at end of period
345.229
384.910
The chanty has not obtw'ned an independent actuarial valvation for the ￿terest rale swap. The valuations
provided by Barclays bank have been used in the accounts. The valuations have fluclualed within the
following ranges £341,554 £384.910. with the largest single fluctuation m a quarterly period being
£43,356.
Page 35