Company number: 00966437
Registered Charity number.. 307374
YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
TRUSTEES, ANNUAL REPORT AND
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 1 AUGUST 2020

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report and Consolidated FinanciaL Statements
For the year ended 31 August 2020
Contents
PAGE
TRUSTEES, ANNUAL REPORT (INCORPORATING THE STRATEGIC
REPORT)
2-17
INDEPENDENT AUDITOR'S REPORT
18-20
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
21
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
22
CHARITY STATEMENT OF FINANCIAL POSITION
23
CONSOLIDATED STATEMENTS OF CASH FLOWS
24-25
NOTES TO THE CONSOLIDATED ACCOUNTS
26-45

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report {incorporating the Strategic Report)
For the year ended 31 August 2020
Annual and Strategic Report
The Directors present their annual and strategic report for the year ended 31 August 2020 under the
Companies Act 2006 and the Charities Act 2011. together with the audited financial statements for
the year. The Directors also confirm that the latter comply with the requirements of the Companies
Act 2006, the Company's Memorandum & Articles of Association and Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102) {effective 1 January 20191.
Strotegic Aim and Intended Effect
Situated in the heart of Yateley and serving a wide area across the HampshirelSurrey/Berkshire
borders, Yateley Manor prides itself on providing an outstanding all-round education, enabling all
children to reach their maximum academic and Social performance, offering the pupils an
inspirational and exciting educational journey that will give pupils the tools to build successful
independent adult live5. The strategy for achieving this is through dynamic and enthusiastTC teaching
delivered by practitioner5 who excel in their specialities and thrive on teaching pupils of ranging
abilities. In turn, they are supported by resources and non-teaching staff that promote this ambition.
Spacious grounds and specialisi facilities provide a wealth of opportunities for learning and
classrooms are well resourced and welcoming. With a full programme of activitie5 which enrich their
educational experience, children are given the opportunity to develop in a broad range of areas,
Nurtured in a warm, friendly and safe environment, they are given a host of new experiences to
explore, including woodland learning, bushcraft, drama workshops with professional actors and a
comprehensive programme for the Year 8 leavers, building their confidence and stimulating their
desire to learn.
The abTlity to learn and work independently grows as the pupils enjoy a vibrant and stimulating
educational journey from the age of 2 to 13 years. Committed staff, together with limited class sizes,
ensure the academic and pastoral needs of each child are met.
In a commL¢nity that embraces a breadth of cultures and which is centred on Christian values, where
all relationships are based upon respect, children learn to appreciate the need to be courteous,
considerate and to use their common sense. At the same time they are encouraged to be creative
and courageous a5 they develop into confident individuals, with a strong foundation for a happy and
balanced life. Pupils can only achieve this once they have been given the tools and the self-bellef.
The Yateley Manor experience aims to do just that.
The School achieves excellence in many non-academic areas. In Music a large percentage of pupils
play instruments and the School provides high quality teaching and practice facilities. Sport and chess
are coached to high standards and teams and pupils achieve county and national levels of excellence.
All children are involved in a wide range of sport with every opportunity to contribute at all levels
both internally and inter-school.

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, AnnuaL Report (incorporating the Strategic Report)
For the year ended 31 August 2020
Objectives and Principal Activities
The object of the company, in accordance with its Memorandum of Association, is the education of
children up to the age of 13. In setting our objectives and planning our activities, Governors, who
are also Charity Trustees and Company Directors, have given careful consideration to the Charity
Commission's public benefit guidance.
The objects of the School are for the publTC benefit. Children eligible for admission as pupils of the
School form a public rather than a private group. The objects of the School are open and inclusive.
No person in poverty is excluded by the objects from elTgibility for admission as a pupil of the School.
Specific objectives for the year
Our objectives are set to reflect our educational aims and the ethos of the School. The objectives
for the year under review were as follows:
To increase reserves to further aid School development
To ensure all pupils are effectively prepared for academTC and personal challenges
An increased focus on pupil and staff wellbeing
To implement drama as a stand alone subject across the curriculm to enhance personal
development, collaboration, articulation and confidence.
Challenges withln the year
There is no doubt that the Coronavirus (Covid-191 pandemic that started late 2019 in China and
impacted the UK and Europe from early 2020 was the single largest challenge the independent school
sector has faced. Yateley Manor was partially c105ed for the majority of pupils from March 2020 under
government instruction. The school ran an incredibly well-received provision for children of key
workers and those deemed vulnerable during the Summer term. Teaching moved to on-line platforms
and remote lessons became the norm for all pupils. The School has received high praise from both
current and prospective parents on the teaching and learning environment and options throughout
lockdown. From May 2020 we welcomed back the younger year groups (nursery and reception) into
school and the remaining pupils rejoined in June 2020 for the last weeks of the term.
The mental health of pupils and staff was a key concern during this difficult time. The school had
put training in place prior to lockdown to support this growing area of need and it will remain at the
forefront of the school objectives and challenges in the upcomine yearls).
STRATEGIC REPORT
Achievements and Performance for the Year
The School continues to be part of the Prep School Baccalaureate {PSBI. The PSB model focusses on
nurturing six key life skills which are viewed as underpinning a chTld's development across the breadth
of the curriculum. It is enhancing every experience already on offer at Yateley Manor, by putting
emphasis on the core skills of leadership, collaboration, independence and communication.

YATELEY MANOR SCHOOL LIMITED
{LIMITED BY GUARANTEE)
Trustees, Annual Report {incorporating the Strategic Report)
For the year ended 31 August 2020
The model has seen great success in recent years, with senior schools regularly suggesting the quality
of learning coming through is high and that pupils are independent in their studies.
Communication with parents continues to be of high importance. Parents, forums have again taken
place throughout the year on topics including -
HelpTng with maths at home workshop
Reading at home workshops
Pre-Prep Phonics workshops
Pre-Prep Handwriting
Maths at home workshops
Tran51tion to senior school
Life in years 7 & 8
Academic Report
The Year 8 programme continues to provide pupils with experiences that not only nurture and develop
the mind, but also body and soul. Examples of sessions throughout the year include workshops on
presentation skills, interview skTlls, public speaking and drug awareness. This broad education
contTnues to play a key role in preparing pupils for their adult lives.
We contTnue to build on the pastoral strength of our provision. The Leadership Programme for Years
7 and 8 continue5 to go from strength to strength. The School continues to provide very broad
learning opportunitie5 in which pupils thrive and achieve highly in all areas. Initiatives included a
whole school council, sports council and food council. There has been a wide spread of inter-house
competition las well as the regular sports} including debating and general knowledge competitions.
The School continues to look outwards with parents talking to the children about Diwali, Hanukkah
and the Chinese New Year. The pupil's charity of the year was Babies In Buscot Support (BIBS).
Harvest Festival donations went to Surrey Heath Borough Council Community Services in Camberley
for distribution to local sheltered housing and a day care centre. The school also supported the annual
Brit15h Legion Poppy Appeal, Children in Need, the Salvation Army 'Christmas Present" appeal and
Year 8 supported 'Step by Step"
a local charity providing support for the homeless.
Year 7 pupils took part Tn resldential trips to Chateau de la Baudonnière, Normandy. It was a shame
that the national lockdown prevented our normal residential programme in the summer term but
plans are in place to extend this to the following year.
During the year the children visited the Hou5e5 of Parliament, Imperial War Museum, the British
Wildlife Centre, Butser Ancient Farm, the Gordon Brown Activity Centre, Winchester Cathedral,
Winchester Science Museum, Bockett's Farm, the Weald & Downland Museum, The Cell London and
We the Curious Bristol, Ufton Court and the Royal Observatory.
Culturally the year flourished with trips to theatres, art galleries and concerts including the National
Gallery, the National Portrait Gallery, Tate Modern and the Globe Theatre. Theatre groups visited us
and children were involved in drama, writing and dance workshops afterwards a5 well as putting on
school productions at all ages.

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report (Incorporating the Strategic Report)
For the year ended 31 August 2020
Music
Music has continued to be a prominent aspect of the curriculum and the extra-curricular
programme. Class mL¢STC IS taught throughout the school with specialist teaching each week for
children in Nursery through to Year 8 provided by the Director of Music. The curriculum teaches
all aspects of the subject from listening, performing, composing and appraising. It remains the
primary goal of the department to instil a love of music and an opportunity for each child to
achieve their best as soloists, ensemble members and discerning listeners.
The mu51C school provides excellent facilities for the children to explore the wonders of this
subject. Pupils continue to benefit from the music technology suite and the larger practice rooms
with well-maintained Yamaha pianos. These instruments have enhanced the school's abilTty to
provide excellent musical education in individual lessons as well as being a centre for ABRSM
examinations. Over 150 children were taught in individual music lessons each week by 10 visiting
specialist music teachers.
Each week fifteen different musical ensembles/clubs met to learn more about the subject and
to prepare for performances. The streaming of different instrumental areas has continued to
provide a more cohesive and expert approach to our instrumental and ensemble teaching.
HighlighL5 for ensembles this year have included all our termly concerts and important school
events such as Harvest Festival, Remembrance Service and the Carol Service. Unfortunately)
their usual performance at Speech Day was not possible due to the Covid-19 pandemic. However,
the Chamber Choir enjoyed a specialist choral day at Wellington College prior to lockdown.The
Junior Manor Singer5 continued this year as a mass choir for the children in Years 3 and 4. This
has continued to provide a fantastic opportunity for these pupils to enjoy the camaraderie of
singing in a large group.
The music department was delighted wTth the success of one violin pupil this year who
represented the school at the Rotary Club Young Musician Competition. This pupil won the local
level competition and achieved very well at the regional level. She has also started to compete
at international competitions.
The music programme cater5 for all ages and levels within the School. In addition to those
instruments used in the curriculum, beginner groups including ukulele, violin, cello and clarinet
gave pupils a taste of a new instrument. Senior pupils have continued to thrive as mentors to
children in younger ensembles. They have developed musical leadership skills including
conducting and accompanying. Children also had the opportunity to take part in Music
Technology sessions with small group5 arranging and composing music on computers with exciting
termly themes. The best composition5 were rewarded with a framed Gold Disc.
Over the year, the School's choirs performed at numerous events in and out of School. The
Chamber Choir visited Hedgecroft and Willow Gardens to sing Christmas Carols for the elderly.

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report (incorporating the Strategic Report)
For the year ended 31 August 2020
There were three termly periods of music exams planned. The first two exam sessions were very
Successful. Unfortunately our third exam period had to be cancelled due to Covid-19 but some
children took virtual mock examinations with their teachers. Children were successfully entered
in exams of the A55OCTated Board of the Royal Schools of Music, Rock School and Trinity-Guildhall.
Before exams children had the opportunity in a Recital Evening to perform one of their pieces to
families, friends and their teachers in a 'friendly' setting.
Regular performances take place by individual pupils In the classroom and in recitals to
demonstrate their skills and learn performance techniques. During lockdown, one of the visiting
music teachers did a virtual recital for pupils to perform for their familie5 Wlth great succe55.
Termly concerts for year groups provided performance opportunities for individuals, classes and
ensembles for larger audiences. We hosted small concerts in the new hall giving children a
medium Sized venue to perform and children regularly performed for small groups in the
classrooms.
While there has been disruption due to the Covid-19 pandemic, the children throughout the
School continued their musical learnTng via remote teaching. The children learned about
numerous topics including film music, radio presenting, programme music, Roman music and
Music and Art. Several children created their own performances. Online individual lessons
continued with the visiting music staff including direct (conference) and indirect (video-basedl
teaching with great success. A group of staff and children worked to create an audio recording
called 'Project Smile" The individual voices were merged together in a GarageBand project to
sound like a choir. Music as a subject was delivered successfully to all our pupils from Nursery
through Year 8.
Sport
Sport continue5 to play an important role in the life of Yateley Manor pupils. We encourage all pupils
to get involved in some form of physical activity or sport so that pupils leave Yateley Manor with a
P051tive and enthusiastic attitude towards sport and exercise.
Prior to the pandemic we had fantastic national success in basketball and football especially with
both the U13 and U11 basketball teams winning national title5 for the second consecutlve year - the
'double double. Basketball continues to flourish. The U11s were crowned national champions for the
4th time in five years and the U13s also won the IAPS national title for the second year in a row. In
both age groups Yateley Manor pupils won the prestigious Most Valuable Player awards. The school is
unbeaten at basketball in any age group for over two years and the current winning streak stands at
fourty eight won games in a row! Eight boys and girls from Yateley Manor were selected for the South
of England 'Aspire' development squads.
The U13 footballer5 reached the national finals for the first tlme In six years and once there
performed superbly to reach the last sixteen. The U12 hockey team reached the IAP5 national hockey
finals for the fi rst time and the U9 netball team were bronze medal winners at the U13 IAPS regional
tournament and won several tournaments.

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report (incorporating the Strategic Report)
For the year ended 31 August 2020
In the pool we had qualifying swimmers for the National finals but they were cancelled due to the
pandemic. The swim squad continues to develop and grow, training weekly all year round.
In the football Season, on top of the Ul 3 national finals succe5S, the Ul Is also won the Bradfield six
a side plate competition. Pupils also played representative football for the Preparatory Schools South
Central squad in Sweden.
Netball continues to be a strength of the school. The U11 s reached the regional quarter finals and
U13s just missed out on the reachTng the final stages of qualifying. The U10's were runners up in two
very competitive tournaments. The U1 Os achieving the most successful team status losing only one
match all season,
Girls, hockey continues to progress each year. We hosted two successful tournaments using the all-
weather facility at Eversley. We also entered the U12 hockey team into the national finals in Rugby
for the first time. All age groups have continued to develop their 5ki115 individually and collectively,
and the school is extremely positive about the potential of these ages.
The rugby season was our best in a long tTme. This year we won thirty three rugby matches. The U85
were very strong and showed much potential for the future.
Our Cricket season was unavailable due to the pandemic which was a shame as our U10s in particular
showed great promise and had been entered into three competition5 we had high hopes they would
have won. The school can still boast over twenty District players and three county players who trained
with their respective squads throughout the winter and summer holidays.
Athletics, like cricket, was unavaTlable for schools due to the pandemic, and disappointing as once
more we had excellent chances for numerous medallists at both Junior and Senior Wessex events
based on last year's performances and our experience of athletes, development.
We have continued to develop the Sports Enrichment Programme ISEPI which sees pupils in Year 5-8
Spend three weeks taking part in sports not in the timetabled curriculum. In 2020 Golf was very
popular in the SEP as were the Laser Run, Biathlon and adventure activities.
This year we held a virtual Sport5 Day, when all the children entered events as Tndiiriduals and part
of the school house team, completing the events at home and registering their results through the
online scoring system. Inter house competitions for all sports are very popular and the children
become very passionate and excited about representing their school houses in sports events over the
three terms.
Chess
The 25 South of England Junior Chess Congres5 was sponsored and hosted by Yateley Manor, again
attracting a record entry. The congress goes from strength to strength and is one of the most
prestigious congresses for youn£ players in the UK calendar. We also h05t the English Closed
Championships for U12, U14 and U16 age groups, alongside the normal congress events.

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUAFIANTEE)
Trustees, AnnuaL Report (incorporating the Strategic Report)
For the year ended 31 August 2020
Short chess lessons are now given to the whole of pre-prep, with a view to building for the future. As
children come into Year 3 they then have the opportunity to play and study chess to a level that suits
them.
The school 15 helping the development of several national and international standard players.
Approximately 100 of our children take part in the UK Chess Challenge, a national event for schools
and individuals. Many go through to the county and even national stages of this competition.
We continue to participate in the National Schools Championships, both at U11 and U19 levels. We
are well represented in the EPSCA English Primary Schools AssociatTon Championships. We play
friendly matches against other, local schools, giving opportunities to all.
Operatlonal performance of the school and public benefit
The School takes part in the professional development of newly qualified teachers and has brought a
number of graduates into the profession by supporting them through the graduate teacher
programme. AdditTonally the School employs a number of "gap" students who are considering taking
up teaching as a career. Continuous Professional Development training events are put on for teachers
both in-house and from other schoo15, including providing training for IAPS District 10 schools. The
School supports teachin£ staff in their roles as external examiners and ISI inspectors.
The School offers work experience to local school children and to older and mature students following
any relevant courses.
The School achieves standards significantly above the national average in many academic and non-
academic areas. In Music a large percentage of pupils play instruments and the School provides high
quality teaching and practice facilities.
For public benefit, the School swimming pool has been made available to Cranford Park Primary
School, Yateley and St Michael's School, Sandhurst and Potley Hill at no charge.
During the year the School also provided the use of its facilities either f ree of charge or at a reduced
cost to local community group5 including St. Peter's Church Yateley and Yateley Baptist Church for
services and social events, a local children's choir to hold choir practice5, Yateley Choral Society,
Yateley Townswomen's Guild, open chess competitions, Scout and Cub groups, Yateley Lions, Sarah
Newman Music Group, Rushmoor Community FC and Horseshoe Lake Kayak training, Yateley Pre
School. The School continues to host and sponsored the South of England Chess Championships.
Other community organisations which used the School's facilities include the Yateley Silverbacks
Basketball men's, ladies and youth Teams, Nornads Badminton Club, Hill Badminton Club, Yateley
Badminton and Social Club, Grange Badminton, BeFit Carol & Sarah Aerobics, Yoga UK, Yateley Morris
Men, Hampshire Shotokan Karate, Yateley Football Club, Yateley Swm School, Academy Swim School,
Waves Aqua Aerobics, Yateley Community Swimming, Beaulieu Football Club, Sandhurst Cricket Club.
Yateley Cricket Club ILadies, Men's & Boys), Fleet Cricket Club, Hampshire Performance Cricket,
Baby & Children's Market, Fleet Morris Ladies, Amanda Aumonier Swimming, Winning Swimming,
North Hants Cricket, North Hants Girls Cricket, Ace Star Tennis, Diddy Dunkers Basketball, Flute
Salads Music Group, Fast Track Fitness, Sarah Walters Yoga, Judo School, Blackwater Valley Canoe

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report (incorporating the Strategic Report)
For the year ended 31 August 2020
Club, Sandhurst Swim School, Lorraine Badminton Club, Our Church, Monika Creswell Yoga Group,
Paul Broome 5 a side Football, Pete Daines Basketball Camps, LT Dance & Amy Lynch Yoga.
The school continues to offer holiday clubs for all children of the appropriate age in the local area.
These clubs are available to children not attending Yateley Manor.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The governing document of the charity is the Memorandum and Articles of Association adopted on 18
November 1969 as amended by Special Resolution passed 2 July 1989, as amended 7 December 1997.
Governing Body
The Governors, who are also Trustees for the purposes of charity law and Directors for the purposes
of company law, are responsible for the overall management and control of the School and meet four
times a year. There are separate Finance and Strategy Committees and all Governors have at least
one area for which they have oversight and report back to the Board on. The School Bursar is Company
Secretary and Clerk to the Governors and is responsible for co-ordinating the work of the Governors
and their Committees, preparation of papers and management accounts and the review of matters
arising.
The Governors, who are also required under the Articles to serve as members of the Compar)y, are
elected at a full Governors Meeting on the basis of nominations received from members of the Board
and also f rom the Headmaster taking into account a variety of specialist skills, personal competence
and local availability. In February 2020 Tracey Squirrell stood down a5 Governor and Melanie Treacher
and Angela Richards-chapman were appointed to the Board. Jackie Davies stepped down in June also.
Paul Cootes joined the Board in October 2020. None of the Governor5 has children who attend the
SchcM)l.
New Governors are elected by the Board on the basis of their eligibTlity, personal competence,
specialist skills and local availability. The process involves wide ranging consultation between the
Chairman, Governor5 and the Headmaster. The comp051tion of the Board is kept under constant
review and proper con5Tderation is given to succession planning. Where practical, Governors are
drawn from the body of former parents.
All Trustee5 give their time freely without remuneration other than reasonable travel expenses. No
Governor or person connected with a Governor received any benefit from either means tested
bursaries or Scholarships awarded to our pupils. As a matter of policy, current parents are not
accepted as Governors.
Members of the Board of Governors have particular experience and expertise relevant to the
management of an independent school, and take an actlve interest in their own area of expertise,
providing advice and assistance as appropriate.

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report (incorporating the Strategic Report)
For the year ended 31 August 2020
Yateley Manor School has a wholly owned non-charitable subsidiary, Yateley Manor School {Leisurel
Limited. The school also has an active Parent Teacher Organisation called Friends of Yateley Manor
{FYMS) which is very supportive of the School, providing a social network for parents, a conduit for
parent volunteers and in fundraising.
The School does not employ professional fundraTsers and has not received any complaint5 in respect
of its fundraising activities. The School does not consider it necessary to take any steps to protect
vulnerable people ar)d members of the public from its fundraising activities due to the very limited
nature of these activities.
Governors have attended training courses run by IAPS, AGBIS, Wilsons, the Schools legal advisers and
other providers.
Key Management Personnel
The Govemors consider that they, together with the Head, the Bursar and the Senior Leadership
Team ISLTI comprise the Key Management Personnel. The pay and remuneration of the Headmaster
is set by the Governors and is kept under annual review. The Headmaster sets the pay and
remuneration of the Bursar, SLT and remainder of the staff.
A number of criteria are used in setting pay..
competitor salaries in the region
experience of the post holder
nature of the role and responsibilities
the sector average salary for comparable positions
trends in pay
affordability
Organlsatlonal Management
The Governors determine the general polTCy of the School. The day to day running of the School is
delegated to the Headmaster and Bursar, supported by the SLT. The Headmaster undertakes the key
leadership role overseeing educational, pastoral and administrative functions in consultation with
the Bursar and SLT. The day to day administration of the School is undertaken within the policies and
procedures approved by the Governors which provTde for significant expenditure decisions and major
capital projects to be referred to the Governors for prior approval.
Plans for Future Periods and Objectives for the coming Year
The long-term aTm is for the number of pupils to be between 390 and 430, acknowledging that in the
current economic climate numbers are likely to remain lower than this. and for facilities to be
upgraded and extended.
The Board's maTn objective is to improve upon the already high standards of education achieved by
the School in previous years offering the pupils an inspirational educational journey that WTII prepare
children for their chosen senior school and give pupils the tools to build successful adult live5.
io

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE}
Trustees, Annual Report (incorporating the Strategic Report)
For the year ended 31 August 2020
The strategy for achieving this is through dynamic and enthusiastic teaching delivered by
practitioners who excel in their specialities and thrive on teaching pupils of wide ranging abilities
supported in turn by resources that match their ambition.
Specific objectives for the year will be to continue the successes of:
Ensuring the quality of teaching continue5 to be at a consistently a high standard.
Sharing good practice of teaching across the school departments.
Increasing reserves to further aid school development.
Support and grow the mental health provision of pupi15 and staff, through training, worshops
and the curriculum.
Principal Activity
Yateley Manor's principal activity continues to be the provision of a day school for children from 2
13 years of age.
Grant Making
Yateley Manor School educates on average 370 children at no cost to the state {other than the value
of the fiscal benefits of charitable status). Using government estimates of the annual cost to the
taxpayer of a place at a state school, the School saves the state in the region of £1,480,000.
Scholarships are offered to attract talented children who would benefit from the School's activities
and facilities. The purpose of our scholarship awards is to recognise high academic potential or the
ability to excel in our co-curricular activities. Our scholarships are awarded on the basis of the
individual's academic potential or evidence of exceptional abilitles which will contribute to our co-
curricular activities. Where f urther assistance is required, scholarship awards may be supplemented
by a means tested bursary.
The current Bursary scheme, which was Introduced in 2010, broadens access to the School by offering
to eligible parentslguardians means-tested financial support with the payment of school fees. Such
support may be awarded in the form of a discount of up to 100% on tuition fees payable, depending
on the financial, compassionate or other pertinent circumstances of applicants. The School also uses
funds to support existing pupils whose parents have financial need. The School supported 53 children
through Scholarships and bursaries, of which 37 were bursaries totallng £205,744 (£205,416 in 2018).
All Bursaries and Scholarships are reviewed annually. The School does not have a separate Bursary or
Scholarship fund and all awards are paid for out of fee income.
As part of our emphasis on attracting and retaining high calibre staff, we offer a discount scheme for
staff members who choose to educate theTr children at our School.
li

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report (incorporating the Strategic Report)
For the year ended 31 August 2020
Volunteers
The PTA (FYMSI is very active in arranging fund raising events and organising social events for parents
and children. Where the value of this substantial support can be readily quantified then it has been
included in the financial statements. Additionally, a large number of parents volunteer to assist in
various activities around the school, for example in the pre-prep garden and helping in classrooms.
Financial Review and Results for the Year
The net consolidated income for the year was a deficit of £46,071 12019: surplus of £473, 3691. This
deficit was anticipated by the Directors and was a result of the impact of the Covid-19 on the
operation of the School during the summer term. Pupil numbers during this year were strong and the
school"would have made a surplus had it not been for measures taken during the lockdown months.
The School considers the need for continual investment In the infrastrLtcture a priorTty and will look
to refresh the long term vison for the school facilities. The Board of DTrectors support this investment
strategy in order to future proof and enhance the curriculum for the subsequent years ahead.
Flnancial Key Performance Indicators
The principal financial Key Performance Indicators IKPlsl were:
surplus being not less than budget, and
cashf low over the year lexcluding capital expenditure) being positive.
Pupil roll continues to build year on year.
After taking into account the impact of the pandemic, the financial performance of the School was
in line with Governor expectations due to the growing pupil roll in the year. The 2020121 year ha5
started with a reduced pupil roll of 351, which is expected to increase through the year. The
Governors, long term aim to achieve a pupil roll of 390 to 430 pupils attending the School, preferably
within 5 years, 15 Still felt to be achievable and all other KPIS will be Successfully met.
Finances
The principal source of income is fees which account for 96% of total income. The Governors are
continuing their strategy of deploying all net incoming resources to investing in the educational
purposes and fabric of our School.
As a charity the parents of our pupi15 have the assurance that all the income of the School must be
applied for educational purposes. As an educational charity we enjoy tax exemption on our
educational activities. As a charity we are also entitled to an 80% reduction on our business rates on
the property we occupy for our charitable purposes. The financial benefits we receive from these tax
exemptions are all applied for educational purposes and indirectly help us to maintain our bursary
policies and programme of links with local maintained schools.
12

YATELEY MANOR SCHOOL LIMITED
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Trustees, Annual Report (incorporating the Strategic Report)
For the year ended 31 August 2020
However, as an educational charity, we are unable to reclaim VAT input tax on our costs as we are
exempt for VAT purposes. We also pay tax as an employer through the national insurance
contribution5 we make.
In additional to the very substantial benefits our School brings to our pupi15, the local community and
society through the education we offer, our bursary programme and our programme of links with
local maintained schools and the WTder local communTty create a social asset without cost to the
Exchequer.
Development5 and Maintenance
The school has recently built new changing rcK)ms to address requirements placed upon the school by
ISI in 2016. The Board of Governors have reviewed the long term vision for the school and see the
redevelopment of the swimming complex as the next key project.
Reserves policy and Financial health
The Governors regularly revTew the finances, budgets and spend agaTnst budget together with a
termly cash flow analysTS as part of the effective stewardship of the School.
In common with other independent schools, the Governor5 have invested substantial sums into new
School buildings in recent years and have a continuing prograrnme of refurbishment, development
and investment to maintain excellent teaching facilities for our pupils.
At the Balance Sheet date, total reserves stood at £5,890,316 12019.. £5,936,387) with no free
reserves. Although there are no free reserves this illustrates the extent of the investment in our
School, which 15 a common practice by independent Schools which have to finance their own capital
investment plans. With the growth of the pupil roll, the Governors are looking to build re5etves over
the next twelve months to use on future capital projects to help the school develop.
As circumstances permit, the Board airns to increase the level of free re5erve5 by accruing surpluses
out of future income, which are not invested in tangible fixed assets, up to two months, expenditure.
It is recognised that the priorities during difficult economic times are the provision of excellence in
education, improving facilities as required and providing this education at a cost compatible with
family circumstances. The Board contlnues to monitor the School's bank accounts to ensure that cash
flow remains adequate to cover working capital requirements.
Market value of land and buildings
The Governors do not consider it possible to quantify the difference between the net book value and
the market value of the company's fixed assets without a professional valuation. However, as part
of the process to secure a mortgage for the refurbishment works, a profe5siofbal valuation was carried
out by the bank. This valued the pre-2012 half of the site at £7,250,000. Additionally, the 2012
acquisition of the freehold of St Peter's land 15 in the balance sheet at cost of £1,000,000. This
compares with the net book value for the entire land and buildings of £7, 346,05312019- £7,495,767).
13

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report (incorporating the Strategic Report)
For the year ended 31 August 2020
Principal Risks and Uncertainties/Ri5k Management
The Board of Governors is responsible for the management of the risks faced by the School. The Tnajor
risks faced by the School, including strategic and financial risks, are reviewed by the Governors
annually following a review by the Headmaster, Bursar and Senior LeadershTP Team.
The Governor5, through their various committees, keep the School s activities under constant review,
particularly in relation to any signifTcant risk5 involved. This process has been formalised by compiling
a Risk Register, maintained by the School Bursar.
Risks to the school are broken down into operational areas, for example, finance, competitor
activitie5, marketing, and education. The associated risks within these areas are listed, assigned a
risk score and any risk reduction measures listed, to lower the overall risk score. New risks are added
when they are known about and the risk register is reviewed regularly by the designated Governor
responsible for oversight of Risk Management.
Additionally, the Finance Committee monitors the effectiveness of the systems of internal controls
and other means of mitigation, including insurance cover.
Formal individual Risk Assessments. including mitigation measures, are carried out for specific
activities where appropriate. The Bursar is formally designated as the School's Health and Safety
Officer and is responsible for managing functions of safety and health with the support of the Senior
Leadership Team. A Health and safety Committee meets formally termly to ensure that all of the
necessary procedures are established and followed, and new risks identified. The Deputy Head is the
appointed Designated Safeguarding Lead and is supported by six Deputy Designated Safeguarding
Leads, and has undertaken appropriate training from a registered provider.
All new staff received Child Protection training immediately upon starting employment. All staff and
voluntary helpers who have unsupervised access to the children are DBS cleared prior to commencing
any duties. Child Safeguarding procedures have been updated to reflect the revised statutory
guidance 'Keeping Children Safe in Education" and all stafflvolunteers have received and read a
copy of the revised edition of 'Keeping Children Safe in Education: information for all school and
college staff" booklet as required by regulation.
The key controls used by the School are:
Formal and regular oversight by the Governing Body and its Committees
Term5 of reference for Committees
Formal agenda5 for all Committee and Board meetings
Minutes of meetings with follow up action points
Established organisational structure and lines of reporting
One Governor with oversight of risk management
All Governors having at least one area of oversight
Comprehensive system of strategic planning, budgeting, management accounting and
variance analysis
Clear authorisation and approval levels
Formal written policies
Continuous review of internal contro15
14

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUAFIANTEE)
Trustees, Annual Report (incorporating the Strategic Report)
For the year ended 31 August 2020
Vetting and safeguarding procedures as required by law for the protection of children
Pre-assessments for specific activities
The highest priority rTsks identified by the Board of Governors at the end of the year which could
lead to financial and operational challenges are:
The possible effect of the economic climate on student nurnbers.
The possible impact of changing government policy andlor the social environment reducing
demand for independent school education.
Unpredictable adverse publicity affecting the school's reputation.
The ongoing Covid-19 pandemic and uncertainty It has brought to family and business life.
Through the risk management process the Board is satisfied that these major ri5k5 are clearly
identified and plan5 exist for avoiding risk and/or mitigating any effect. It is recognised that Systems
can only provide reasonable but not absolute assurance that major risks have been mitigated.
Reference and Administrative Details of the Charity, its Trustees and Advisors
Yateley Manor School Limited is a charitable company founded in 1970, charity registration number
307374, company registration number 00966437, with the liability of its members limited to £1 each
by guarantee. The Registered Office and address of the Company is at 51 Reading Road, Yateley,
Hampshire GU46 7UQ. The website is www.
atele
manor.com
DirectorslTrustees
The directors, who are also the Charity Trustees and School Governors, who served during the year
were:
Mr J A5hworth
Mr5 C Good
Mr J Kirkpatrick
Mrs A Richards-chapman
Mrs M Treacher
Mrs J Davies
Mrs T Squirrell
Chairman
Appointed February 2020
Appointed February 2020
Resigned June 2020
Resigned February 2020
The following governor was appointed Subsequent to the year end:
Mr P Cootes
Appointed October 2020
15

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report {incorporating the Strategic Report)
For the year ended 31 August 2020
Key Executives and Professlonal Advisers
Senior Leadership Team
Headmaster:
Bursar & Clerk to the Governors:
Company Secretary:
Deputy Head:
Assistant Head Upper School:
A5SlStant Head Lower School..
Staff Development Manager..
Head of Learning Support:
Robert Upton
Jamie Lee
Jamie Lee
Simon Head
Clare Thompson
Shena Washer
Simon Head
Laura Ball
Advisors
Bankers
Allied Irish Bank
West London Business Centre
Ealing Cross
Uxbridge Road
London W5 5TH
Solicitors
Wilsons
Alexandra House
St Johns Street
Salisbury SP125B
Auditor
Nexia Smith & Williamson
On51ow House
On51ow Street
Guildford GUI 4TL
Disclosure of information to the auditor
In the case of each person who wa5 a director at the time this report was approved:
so far as that director was aware there was no relevant available information of which the
company's auditors were unaware. and
that the directors had taken all steps that a director ought to have taken as a director to
make himself or herself aware of any relevant audit information and to establish that the
company's auditors were aware of that information.
10 /,?- 12L3
This report, including the strategic report, was approved by the board on... ..........
John Ashworth
Chair of Governors
16

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Trustees, Annual Report (incorporating the Strategic Report)
For the year ended 31 August 2020
Statement of Trustees, Responslbllltles
The trustees (who are also directors of Yateley Manor School Limited for the purposes of company
law) are responsible for preparing the trustees, annual report and the financial statements in
accordance with applicable law and United Kingdorn Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give
a true and fair view of the state of affairs of the charitable company and the group and of the
incoming resources and application of resources, including the income and expenditure, of the
charitable group for that period.
In preparing the financial statements, the trustees are required to..
select Suitable accounting policie5 and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable UK accounting standards have been followed, subject to any
material departure5 disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basTS unless it is inappropriate to
presume that the charitable company and group will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and to enable them to ensure
that the financial statements comply with the Companies Act 2006. They are also responsible for
5afeguardin£ the asset5 of the charitable company and group and hence for taking reasonable Steps
for the prevention and detection of fraud and other irregularities.
17

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUAFIANTEE)
Nexia
J Smith&Williamson
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF YATELEY MANOR SCHOOL
LIMITED
Opinion
We have audited the financial Statements ol Yateley Manor School Limited (the 'parent charitable
company, l and its subsidiary Ithe 'group' I for the year ended 31 August 2020 which comprise the Group
Statement of Financial Activities, the Group and Parent Charitable Cornpany's Statements of Financial
Position, the Group Statement of Cash Flows and the notes to the financial statements, including a
summary of significant accounting policies. The financial reporting f ramework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" {United Kingdom Generally
Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the group's and of the parent charitable company'5 affalrs
as at 31 August 2020 and of the group'5 income and expenditure for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUK) IISAS IUKI} and
applicable law. Our responsibilities under those Standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
group and parent charitable company in accordance with the ethical requirements that are relevant to
our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled
our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Material uncertainty related to golng concern
We draw attention to note 1.2 in the financial statements which indicates that the charltable company is
forecasting to breach one of its loan covenants at 31 August 2021 which could result in the lender
demanding repayment in full of the loan. As stated in note 1.2, these conditions represent a material
uncertainty which may cast significant doubt on the charitable company and the group's ability to
continue as a going concern. Our opinion is not modified in respect of this matter.
Other Informatlon
The other information comprises the information included In the Trustees, Annual Report and
Con501idated Financial Statements, other than the financial statements and our auditor's report thereon.
The trustees are responsible for the other information. Our opinion on the financial statements does not
cover the other information and, except to the extent otherwise explicitly stated in our report, we do not
express any form of assurance conclusion thereon.
18

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Nexia
Jl Smith&Williamson
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF YATELEY MANOR SCHOOL
LIMITED ICONTINUEDI
In connection with our audit of the financlal statements, our responsibility is to read the other information
and, in doing 50, consider whether the other information is materially Inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appear5 to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there 15 a material misstatement in the financial statements or a material misstatement of the
other information. If, based on the work we have performed, we conclude that there Is a material
mi55tatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Oplnfon on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken Tn the course of the audit:
the infom)ation given in the Trustees. Annual Report, which includes the StrategTrc Report and the
Directors, Report prepared for the purposes of company law, for the financial year for which the
financial statements are prepared is consistent with the financial statements. and
the 5trate4ic Report and the Dlrectors, Report included within the Trustees, Annual Report have
been prepared in accordance WTth applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of the knowledge and understanding of the group and the parent charitable company and their
environment obtained in the course of the audit, we have not identif led material misstatements in the
Strategic Report or the Directors. RetK)rt included within the Trustees, Annual Report.
We have nothlng to report in respect of the following matters where the Companies Act 2006 requires us
to report to you if, in our opinion..
adequate and sufficient accounting records have not been kept by the parent charitable company,
or returns adequate for our audit have not been received from branches not visited by us. or
the parent charitable company financial statements are not in agreement with the accounting
records and returns. or
certain disclosures of trustees, remuneration 5peclfled by law are not made, or
we have not received all the information and explanations we require for our audit.
ResponsibilTtTes of trustees
As explained more fully in the Statement of Trustees, Responsibilities set out on page 17 the trustees
(who are directors of the parent charitable company for the purposes of company law) are responsible for
the preparatlon of the financial statements and for being satisfied that they give a true and fair view, and
for such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free trom material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group's and the parent
charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to
going concern and using the going concern basis of accounting unless the trLJStees either intend to liquidate
the group or the parent charitable company or to cease operations, or have no realistic alternative but to
do so.
19

YATELEY MANOR SCHOOL LIMITED
{LIMITED BY GUARANTEE)
Nexia
J Smith&Williamson
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF YATELEY MANOR SCHOOL
LIMITED (CONTINUED)
Auditor's responslbilities for the audlt of the financial statements
We have been appointed as auditor under the Companies Act 2006 and under section 151 of the Charities
Act 2011, and reporl in accordance with those Acts and relevant regulatFoll5 made or having effect
thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to 155ue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted In accordance with ISAS IUKI will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basls of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at: www.f rc.or
.uk/auditorsres
onsibilities. This description forms
part of our auditor's report.
Use of our report
This report is made solely to the parent charitable company's members, as a body) in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might
state to the parent charitable company's members those matters we 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 responsibility to anyone other than the parent charitable company, and the parent charitable
company's members as a body, for our audit work, for this report, or for the opinions we have formed.
.5• 4L
Jeffrey Selden
Senior statutory Auditor, for and on behalf of
Nexia SmTth & Wllliamson
Statutory Auditor
Chartered Accountants
Onslow House
Onslow Street
Guildford
GU14TL
Date: 7 January 2021
20

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Consolidated statement of financial activities
(incorporating an income and expenditure account)
For the year ended 31 August 2020
Total
Total
Unrestricted Unrestricted
2020
2019
Notes
Income and endowments from:
Donations and legacles
Charitable activities
Other trading activities
Investments
Other income
6,957
4,450,938
111,968
3,953
94,469
38,991
4,876,668
163,957
7,763
4,000
Total income and endowments
4,668,285
5,091,379
Expenditure on:
Raising funds
Charitable activities
138,709
4,575,647
150,482
4,467,528
Total expenditure
4,714,356
4,618,010
Net (expenditure) / income for the
year
146,071)
473,369
Fund balance brought forward
5,936,387
5,463,018
Fund balance carried forward
22
5,890,316
5,936,387
All activities of the group are classed as continuing throughout both periods and there are no
recognised gains or losse5 Other than those included in the consolidated statement of financial
activities.
The notes on pages 26 to 45 form an integral part of these financial statements.
21

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Company number: 00966437
Consolidated statement of financiaL position
For the year ended 31 August 2020
Notes
2020
2019
Non current assets
Intangible assets
Property, plant and equipment
13
14
6,176
1,641
7,530,940 7,691,081
7,537,116
7,692,722
Current assets
Inventory
Trade and other receivable5
Cash and cash equivalents
16
17
71,479
186,509
1,190,124
84,921
172,264
1,599,386
1,448,112
1,856, 571
Current liabilities
Trade and other payables
18
1507,5271 {557,190}
Net current assets
940,585
1,299, 381
Total assets less current liabilities
8,477,701
8,992,103
Deferred income
20
{1,172,9201 {1,582,945}
Non current liabilitles
19
{1,414,4651 {1,472,771)
Net Asset5
5,890,316
5,936,387
Reserves
22
5,890,316
5,890,316
5,936,387
Retained Funds
5,936,387
10 December 2020
The financial statements were approved by the Board on ...........................
John Ashworth
Governor
22

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Charity statement of financial position
For the year ended 31 August 2020
Notes
2020
2019
Non current assets
Intangible assets
5,082
Property, plant and equipment
Investment in subsidiary
14
7,530,940
7,691,081
7,536,024
7,691,083
Current assets
Trade and other receivables
Cash and cash equivalents
17
365,071
1,082,148
1,447,219
312,993
1,501,478
1,814,471
Current liabilitie5
Trade and other payables
Net current assets
18
1485,2591
961,960
(531,916)
1,282,555
Total assets less current liabilities
8,497,984
8,973,638
Deferred income
20
{1,172,920) (1,582,945)
Non current liabilities
19
11,414,465} {1,472,7711
Net Assets
5,910,599
5,917,922
Reserves
22
5,910,599
5,910,599
5,917,922
5,917,922
Retained funds
Yateley Manor School Limited's result for the year was a deficit of £7, 323 (2019: surplus of £497,883).
The financial statements were approved by the Board on
10 December 2020
John Ashworth
Governor
23

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Consolidated statement of cash flows
For the year ended 31 August 2020
Notes
2020
2019
Cash flows from operating activltles:
Net cash (used in) I provlded by operating actlvlties
1211,0041
890,038
Cash flows from Investing activitie5:
Interest received
Purchase of propertyi plant and equipment
Purchase of intangible fixed assets
3,953
7,763
{67,7061 1756,393)
{6,3521
12,188)
Net cash used in Investing activities
(70,1051 1750,8181
Cash flows from financing activitles:
Loan repayment
Interest paid
185,1821
142,9711
181,0091
151 3131
Net cash used in financing activities
1128,1531 (132,3221
Change in cash and cash equivalents
in the reporting period
1409,2621
6,898
Cash and cash equivalent5 at the
beginning of the reporting period
1,599,386
1,592,488
Cash and cash equivalents at the
end of the reporting period
1,190,124
1,599,386
24

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Consolidated statement of cash flows notes
For the year ended 31 August 2020
A. Reconciliation of net income l (expenditure) to net cash outflow from operating activities
2020
2019
Net lexpenditurel / income
Deferred tax
Depreciation and amort15ation
Increase / {decreasel in Stocks
Increase in debtors
Decrease l {increasel in creditors
Interest received
Interest paid
Net cash (used in) I provided by operating activities
146,0711
473,369
25
234,451
(25,653)
{19,4671
183,763
{7,763)
51,313
890,038
229,664
13,442
114,2451
1432,8121
13,9531
42,971
1211,0041
B. Analysis of changes in net debt
At 1.9.2019 Cash flows
Other non
cash
changes
At 31.8.2020
Cash and cash equivalents
1,599,386
1128,1531
1,190,124
Bank borrowings due
within one year
Bank borrowings due
after more than one year
(119,4121
85,182
158,3061
192,5361
(1,472,771)
{1,592,1831
58,306
11,414,465)
Total borrowings
85,182
11,507,001)
Total
7,203
142,971)
1316,8771

YATELEY MANOR SCHOOL LIMITED
{LIMITED BY GUARANTEE)
Notes to the financial statement5
For the year ended 31 August 2020
ACCOUNTING POLICIES
Basis of preparation of financial statement5
The consolidated accounts are prepared under the Companies Act 2006 and the historical cost
convention, in accordance with applicable United Kingdom Generally Accepted Accounting
Practice including FRS 102 'The Financial Reporting Standard applicable in the United
Kingdom and the Republic of Ireland" (FRS 1021 and Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to Charities preparing their accounts in
accordance with FRS 102 leffective 1 January 2019) - Icharities SORP {FRS 1021).
Yateley Manor School Limited is a school offerTng education to tM)ys and girls aged 3 to 13,
which meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical c05t or transaction value unless otherwise stated in the
relevant accounting policy note{sl.
The School is a company limited by guarantee and is incorporated in England and Wales. The
registered office address is 51 Reading Road, Yateley, Hampshire GU46 7UQ.
1.2 Preparation of the accounts on a golng concern basls
The School's long term bank borrowing agreements Include financial covenants and the School
was in full compliance with these covenants at 31 August 2020. However, the current forecast
predicts that, based on the reduced pupil numbers in 2020121 explained in the Trustees,
Annual Report, at least one of these covenants will be breached at 31 August 2021. In the
event that this covenant breach does occur, the lender may demand immediate repayment of
the the full loan, which at that date is expected to be £1,414,465. The School does not have
cash reserves to be able to make this payment and would therefore need to find alternative
funding. The Governors believe that this action by the bank is unlikely but acknowledge that
this represents a material uncertainty.
The Governors believe that adopting the going concern basis Tn preparing the consolidated
financial statements is appropriate. Nevertheless, the Governors are making full disclosure,
as required by accounting standards, to indicate the existence of a material uncertainty which
may cast significant doubt over the School's ability to continue as a going concern. The
financial statements do not include the adjustments that would result if the School were
unable to continue as a going concern.
1. 3 Consolidation
The group financial Statements consolidate those of the Charity and it5 subsidiary on a line by
line basis. Intra-group transactions and balances have been eliminated.
26

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
1.4 Income
All income, including income from donations, is included Tn the Statement of Financial
Activities when the company is legally entitled to the income, it is probable that the monies
will be received and the amount can be quantifled with reasonable accuracy.
Donated gifts are only included in the financial statements when it is practical to value that
gift.
Fee income
Fee income represents fees, extras and disbursements, received for the education of the
pupils attending the school and the provision of coach transport, less discounts. Income
received from the rendering of tuition service5 is recognised over the period the service is
provided.
1.6 Expenditure
Expenditure is recognised on an accrua15 basis as a liability is incurred. Expenditure includes
any VAT which cannot be fully recovered and is reported as part of the expenditure to which
it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both c05t5 that can be allocated directly
to such activities and those costs of an indirect nature necessary to support them.
1.7 Pension
The company participates in the Teachers, Pension Scheme, a defined benefit pen5Ton
scheme. Until April 2015 the company participated as well in a stakeholder pension scheme.
Since then the company has complied with the auto enrolment regulations and transferred
staff who are not in the Teachers, Pension Schetne to the AEGON Group Personal Pension
Scheme. The pension charge represents the amounts payable by the company to the schemes
in respect of the year.

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
1.8 Taxation
The company is unable to recover the input VAT associated with the supply of goods and
Services as the provision of education is exempt from VAT. The irrecoverable VAT is included
in the total cost applicable to each expense heading.
The School is exempt from corporation tax to the extent that income is applied for charitable
purposes.
Deferred tax arises from timing differences that are differences between taxable profits and
total comprehensive income as stated in the financial statements. These timing difference5
arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements.
Deferred tax is recognTsed on all timing differences at the reporting date. Unrelieved tax
losses and other deferred tax assets are only recognised when it is probable that they will be
recovered agaTnst the reversal of deferred tax liabilities or other future taxable proflts.
Deferred tax is measured using tax rates and laws that have been enacted or substantively
enacted by the period end and that are expected to apply to the reversal of the timing
difference.
Intangible assets
IntangTble assets are initially recognised at cost. After recognition, under the c05t model,
intangible assets are measured at cost less any accumulated amortisation and any
accumulated impairment losses.
All intangible losses are considered to have a finite useful life. If a reliable estimate of the
useful life cannot be made, the useful life shall not exceed ten years.
Amortisation is provided as follows:
Software licence
25% straight line
28

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements {continued)
For the year ended 31 August 2020
1.10 Property, plant and equipment
Property, plant and equipment are stated at cost less depreciation. Depreciation is calculated
so as to write off the cost of all property, plant and equipment, less their estimated residual
value, over their expected useful lives on the following basis:
Freehold buildings
Computer equipment
Fixtures and equipment
Plant and machinery
Motor vehicles
2% Straight line
25% Straight line
10% Straight line
25% Reducing balance
25% Reducing balance
Assets with a cost of less than £2,000 are not capitalised unless they are part of a larger
project.
1.11 Reserves
Retained reserves comprise the accumulated surplu5 or deficit on the Statement of Financial
Activities. Accumulated reserves have been used to finance our development prograrnme, as
will future surpluses.
1.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the
trustees in furtherance of the general objectives of the company and which have not been
designated for other purposes.
1.13 Financial instruments
The charity ha5 chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial
instruments.
Basic financial assets, includlng trade and other receivables, cash and bank balances and
inve5trtbents in commercial paper, are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Such assets are
subsequently carried at amortised c05t using the effective interest method.
At the end of each reporting period financlal assets measured at amortised cost are assessed
for objective evidence of impairment. If an asset is impaired the impalrment loss is the
dlfference between the carrying amount and the present value of the estimated cash flows
discounted at the asset's original effective interest rate. The impairment loss is recognised in
profit or loss.
29

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
1.13 Financial instruments (continued)
If there is decrease in the impairment loss arising from an event occurring after the
impairment was recogni5ed, the impairment is reversed. The reversal is such that the current
carrying amount does not exceed what the carrying amount would have been had the
impairment not prevlously been recognised. The impairfflent reversal is recognised in profit
or Ios5.
Financial liabilities are classified in accordance with the 5ub5tance of the contractual
arrangements entered into and the definitions of a financial liability.
Basic financial liabilitie5, including trade and other payables, bank loans and preference
shares that are classified as debt, are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the debt instrument is Tneasured at
the present value of the future receipts discounted at a market rate of interest.
Trade payables are obligations to pay for goods or services that have been acquired in the
ordinary course of business from suppliers. Accounts payable are classified as current
liabilities if payment is due within one year or less. If not, they are presented as non-current
liabilities. Trade payables are recognised initially at transaction price and subsequently
measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that 15 when the
contractual obllgation is discharged, cancelled or expires.
1.14 Inventory
Inventory is valued at the lower of cost and net realisable value after making due allowance
for obsolete and slow-moving stocks.
1.15 Operating leases
Rentals paid under operating leases are charged to the Statement of Financial Activities on a
straight line basis over the period of the lease.
30

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
KEY SOURCES OF ESTIMATION UNCERTAINTY AND JUDGEMENTS
The preparation of financial statements in conformity with generally accepted accounting
practice require5 management to make estimates and judgements that affect the reported
amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities
at the balance sheet date and the reported amounts of revenues and expenses during the
reporting period.
Key accounting estimates and assumptions
Fixed assets:
The annual depreciation charge for tangible fixed assets is sensitive to changes in the
estimated useful economic lives and residual values of the assets. These are re-assessed
annually and amended when necessary to reflect current estimates.
INCOME FROM DONATIONS
Total funds Total funds
2020
2019
PTA donations
Other donation
6,018
939
37,480
6,957
38,991
Gift aid of £13,698 12019: £38,040) was paid to Yateley Manor School by its subsidiary
company, Yateley Manor School (Leisure) Limited. Gift aid payments are treated as
distributions in the year that the payment was made. This intra-group transaction has been
eliminated on consolidation.
All income from donation5 this year was unrestricted. In the prior year, the School received a
restricted donation for the installation of an outdoor stage from the Friends of Yateley Manor
School totalling £8,480. The outdoor stage was purchased in the year thereby discharging the
obligation to spend this donation on its restricted purpose.
31

YATELEY MANOR SCHOOL LIMITED
{LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
4 INCOME FROM CHARITABLE ACTIVITIES
Total funds
2020
Total funds
2019
Fee income
Yateley Manor School fees
Pre-prep School fee5
Extras recoverable
Discounts allowed
3,911,832
1,077,934
33,028
1571.8561
4,131,371
1,249,851
48,400
{552,9541
4,450,938
4,876,668
All fee income in both year5 was unrestricted.
INCOME FROM OTHER TRADING ACTIVITIES
Total funds Total funds
2020
2019
Activity holidays
School shop
Lettings
31,133
41,547
39,288
49,590
47,628
66,739
111,968
163,957
All Income from other trading activities in both years was unrestricted.
INCOME FROM INVESTMENTS
Total funds Total funds
2020
2019
Interest receivable
3,953
7,763
All income from investments in both years was unrestricted.
32

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
OTHER INCOME
Total funds Total funds
2020
2019
Government grant5 - Coronavirus Job
Retention Scheme
Profit on disposal of fixed assets
93,669
800
4,000
4,000
94,469
All other income in both years was unrestricted.
EXPENDITURE ON RAISING FUNDS
Total fund5 Total funds
2020
2019
Costs of goods sold and other costs
Support costs Isee note 10}
41,028
97,681
48,044
102,438
150,482
138,709
All expenditure on raising funds in both years was unrestricted.
EXPENDITURE ON CHARITABLE ACTIVITIES
Total funds Total funds
2020
2019
Staff costs
Staff training
Direct costs
Depreciation
Bad debts
Support costs (see note 10)
2,585,925 2,572,777
8,233
9,249
560,962
559,507
56,096
69,730
11,942
31,988
1,352,489 1,224,277
4,575,647 4,467,528
33

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
10
SUPPORT COSTS
Support costs comprise the management costs of the School and its subsidiary, and include
the Administrative and Finance functions, apportioned in accordance with the estimated
usage and time spent. These cost5 may be analysed as follows:
Cost of
charitable
activities
Costs of
raising
f und5
2020
Total
support
costs
2020
Total
2020
2019
Staff costs
Administrative costs
Premises costs
626,778
118,541
301,584
87,275
5,358
714,053
123,899
301, 584
696,098
91,623
260,666
Depreciation
Professional costs
Governance cost5
Deferred tax movement
Bank charges
Interest payable
Total
173,021
72,056
17,199
547
173,568
72,056
20,899
164,174
39,652
22,130
25
3,700
339
801
1,140
1,034
42,971
51,313
97,681 1,450,170 1,326,715
42,971
1,352,489
All support costs in both years were charged to unrestricted funds.
NET INCOME FOR THE YEAR
The net incorne for the year is stated after charging:
2020
2019
Depreciation of property, plant and equipment:
owned by the group
Amortisation of intangible fixed assets:
owned by the group
Auditor's remuneration
statutory audit
taxation services
227,847
233,904
1,817
547
20,438
1,300
21,422
2,200
34

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUAFIANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
12
WAGES AND SALARIES
2020
2019
Wage5 and salaries
Social Security costs
Pension contribution
2,631,026
241,692
427,260
3,299,978
2,699,587
247,517
321,771
3,268,875
Within the pension contribution expense is £76,720 {2019: £85,592) relating to the school's
defined contribution pension scheme. The remainder relates to the Teachers, Pension Scheme
(see note 231.
None of the Trustees (who are also directors) or any persons connected with them received
any remuneration durirbg the year. No Trustee received reimbursed expenses during the year
(2019: none). No amount5 were paid on behalf of Trustees12019: none).
The number of employees whose emoluments as defined for taxation purposes amounted to
over £60,000 in the year was as follows:
2020
Number
2019
Number
£60,000 - £69,999
£70,000 - £79,999
£90,000 - £99,999
The charity's key management personnel comprise the Trustee5, the headmaster and the rest
of the senior leadership team. Total remuneration paid to key management personnel was
£506,055 12019: £455,252).
The average monthly nutnber of employees during the year was as follows:
2020
Full time
equivalent
59.2
10.8
2020
Number
2019
Number
2019
Full time
equivalent
63.6
12.5
Teachers
Maintenance
Administration
School Shop
Catering
72
19
67
17
103
105
80
94.9
35

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial Statements (continued)
For the year ended 31 August 2020
13
INTANGIBLE FIXED ASSETS
Group
Software
Licence
Total
Cost
1 September 2019
Additions
2,188
6,352
2,188
6,352
8,540
31 August 2020
8,540
Amortisatlon
1 September 2019
Charge for the year
31 August 2020
547
1,817
2,364
547
1,817
2,364
Net Book Value
31 August 2020
6,176
6,176
31 August 2019
1,641
1,641
Charity
Software
Licence
Total
Cost
Additions
6,352
6,352
31 August 2020
6,352
6,352
Amortisation
Charge for the year
31 August 2020
1,270
1,270
1,270
1,270
Net Book Value
31 August 2020
5,082
5,082
31 August 2019
36

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements {continued)
For the year ended 31 August 2020
14
PROPERTY, PLANT AND EQUIPMENT
Freehold
Computer
land and equipment
buildings
Fixtures,
fittings
and
equipment
Plant
including
vehicles
Group
Total
Cost
1 September 2019
Addition5
10,085,813
21,314
224,007
18,094
242,101
406,317
25,465
3,701 10.719,838
2,833
67,706
6,534 10,787.544
31 August 2020
10,107,127
431,782
Depreciation
1 September 2019
Charge for year
31 August 2020
2,590,046
171,028
2,761,074
169,781
28,260
198,041
265,454
27,836
293,290
3,476 3,028,757
723
227,847
4,199 3,256,604
Net book value
31 August 2020
31 August 2019
7,346,053
44,060
138,492
2,335 7,530,940
7,495,767
54,226
140,863
225 7,691,081
Included in land and buildings is freehold land at a cost of £1,506,13212019: £1,506,132)
which is not depreciated. All assets are held for the benefit of the Group.
37

YATELEY MANOR SCHOOL LIMITED
{LIMITED BY GUARANTEE}
Notes to the financial statements {continued}
For the year ended 31 August 2020
14
PROPERTY, PLANT AND EQUIPMENT- continued
Freehold
land and
buildings
Computer
equipment
Fixtures,
fittings
and
equipment
Plant
including
vehicles
Charlty
Total
Cost
I September 2019
Additions
Disposals
31 August 2020
10,085,813
21,314
224,007
18,094
404,832
25,465
3,701 10,718,353
2,833
67,706
10,107,127
242,101
430,297
6,534 10,786,059
Depreciation
1 September 2019
Charge for year
Disposals
31 August 2020
2,590,046
171,028
169,781
28,260
263,969
27,836
3,476 3,027,272
723
227,847
2,761,074
198.041
291,805
4,199 3,255,119
Net book value
31 August 2020
31 August 2019
7,346,053
44,060
138,492
2,335 7,530,940
7,495,767
54,226
140,863
225 7,691,081
Included in land and building5 is freehold land at a cost of E1,506,13212019: 11, 506,1321
which is not depreciated. All assets are held for the benefit of the Charity.
38

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
INVESTMENTS - SHARES IN SUB51DIARY COMPANY
Total
Charity
Cost at 1 September 2019 and 31 August 2020
The subsidiary company at 31 August 2020 was wholly owned and registered in England &
Wales, company number 02679441 .
Name
Yateley Manor School {Leisurel
Limited
Class of share
Ordinary
Activity
Exploiting the School's
facilitie5 and the running
of the School Shop
Capital and reserves
£120,281)
Trading results for 31 August 2020:
2020
2019
Turnover
Interest
Cost of sales
Administrative expenses
Tax
113,614
45
(30,143)
(108,566)
163,957
51
(30,470)
1119.987)
25
{Los5) I profit for the period
{25,050
13,526
16
INVENTORY
2020
Group
2019
Group
Charity
Charity
School uniform
71,479
84,921
The amount of inventories recognised as an expense in the peric4J was E30,143 12019:
£30,470).
39

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
17
TRADE AND OTHER RECEIVABLES
2020
Group
2019
Group
Charity
Charity
Trade receivables
Amount owed by subsidiary undertakings
Prepayments and accrued income
63,632
51,056
191,646
122,877 122,369
186,509 365,071
80,739
69,452
152,356
91,185
91,525
172,264 312,993
18
TRADE AND OTHER PAYABLES
Amounts falling due within one year
2020
Group
2019
Group
Charity
Charity
Bank loan
Trade payables
Taxation and social security
Other payables
92,536
53,465
67,847
293,679
92,536
43,680
63,119
285,924
119,412
72,568
70,523
294,687
119,412
59,982
64,297
288,225
507,527
485,259
557,190
531,916
40

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
19
NON CURRENT LIABILITIES
Amounts falling due within one year
2020
Group
2019
Group
Charity
Charity
Bank loan
1,414,465
1,414,465 1,472,771
1,472,771
Due after 5 years - payable by
instalments
1,044,321
1,044, 321
995,123
995,123
The bank loan of £1,507,001 12019: £1, 592,1831 is secured against the f reehold property and
all assets of the School, which have a carrying amount of £7,530,94012019: £7,691,081). The
loan was on an interest only basi5 until December 2015 when capital repayments commenced.
Interest is charged at 2.4% above the Bank's base rate.
The loan was renegotiated in 2018 using using revT5ed forecast5 produced using the latest
pupil number forecasts . The loan was restructured includino a debt reduction of £500,000
and the monthly capital and interest payments have been adjusted accordingly. The term of
the loan is due to expire in December 2024.
20
DEFERRED INCOME
2020
2019
Group and Group and
Charity
Charity
As at 1 September
Amounts released to SOFA
Amount5 deferred in the year
1,582,945
1,387,484
(1,582,945) (1,387,484)
1,172,920
1,582,945
School fees paid in advance
1,172,920
1,582,945
21
DEFERRED TAXATION
2020
Group
2019
Group
Charity
Charity
Deferred Tax Asset
At 1 September 2019 and 1
September 2018
Movement in the year
25
1251
At 31 August 2020 and 31 August
2019
41

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUAFIANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
22
SUMMARY OF FUNDS
Group
Brought
Incoming Resources
Carried
Forward Resources Expended Forward
Total funds at 31 August 2020
5,936,387 4,668,285 14,714,356} 5,890,316
Charity
Brought
Incoming Resources
Carried
Forward Resources Expended Forward
Total funds at 31 August 2020
5,917,922 4, 568,855 14,576,178) 5,910,599
23
PENSION COMMITMENTS
The School participates in the Teachers. Pension Scheme I'the TPS") for its teaching staff. The
pension charge for the year includes contributions payable to the TPS of £351,463 {2019-
£236,573) and at the year-end £41,21812019'. £31,409) was accrued in respect of contributions
to this scheme.
The TPS is an unfunded multi-employer defined benefits pension scheme governed by The
Teachers, Pensions Regulations 2010 las amended) and The Teachers. Pension Scheme
Regulations 2014 las amended). Members contribute on a "pay as you go" basis with
contributions from members and the employer being credited to the Exchequer. Retlrement
and other pension benefits are paid by public funds provided by Parliament.
The employer contribution rate is set by the Secretary of State following scheme valuations
undertaken by the Government Actuary's Department. The most recent actuarial valuation of
the TPS was prepared as at 31 March 2016 and the Valuation Report, which was published in
March 2019. confirmed that the employer contribution rate for the TP5 would increase from
16.4% to 23.6% from 1 September 2019. Employers are also required to pay a scheme
administration levy of 0.08% giving a total employer contribution rate of 23.68%.
The 31 March 2016 Valuation Report wa5 prepared in accordance with the benefits set out in
the scheme regulations and under the approach specified in the Directions, as they applied at
5 March 2019. However, the assumptions were considered and set by the Department for
Education prior to the ruling in the 'McCloudlSargeant case, This case ha5 required the courts
to consider cases regarding the implementation of the 2015 reforms to Public Service Pensions
including the Teachers. Pensions.
42

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
23
PENSION COMMITMENTS - contlnued
On 27 June 2019 the Supreme Court denied the government permission to appeal the Court
of Appeal's judgment that transitional provisions introduced to the refomied pension schemes
in 2015 gave rise to unlawful age discrimination. The government is respecting the Court's
decision and has said it will engage fully with the Employment Tribunal as well as employer
and member representatives to agree how the discriminatTons will be remedied.
consultation was launched by the government on 16 July 2020, and closed to responses on 11
October 2020.
The TPS is subject to a cost cap mechanism which was put in place to protect taxpayers
against unforeseen change5 in scheme costs. The Chief Secretary to the Treasuryi having in
2018 announced that there would be a review of this cost cap mechanism, in Janlsary 2019
announced a pause to the cost cap mechanism following the Court of Appeal's ruling in the
McCloud/Sargeant case and until there is certainty about the value of pensions to employees
from April 2015 onwards. The pause was lifted in July 2020 and the government is preparing
to complete the cost control element of the 2016 valuatios, which is expected to be completed
in 2021.
In view of the above rulings and decisions the assumptions used in the 31 March 2016 ActLtarial
Valuation may become inappropriate. In this scenario, a valuation prepared in accordance
with revised benefits and suitably revised assumptions would yield different results than those
contained in the Actuarial Valuation,
Until the consultation and the cost cap mechanism review are completed it is not possible to
conclude on any financial impact or future changes to the contribution rates of the TPS.
Accordingly no provision for any additional past benefit pension costs is included in these
financial statements.
43

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financial statements (continued)
For the year ended 31 August 2020
24
OPERATING LEASE COMMITMENTS
At 31 August 2020 the company had commitments under non-carbcellable operating leases as
follows:
2020
Group
2019
Group
Charity
Charity
Exp7ry date
Less than 1 year
Between 2 and 5 years
Over 5 years
84,588
145,902
84,588
145,902
100,185
222,891
7,598
100,185
222,891
7,598
The total expenditure during the year on operating lease payments was £100,56612019'.
£79,106).
25
ULTIMATE CONTROLLING PARTY
There is no ultimate controlling party.
26
PARENT COMPANY INCOME AND EXPENDITURE ACCOUNT
The company has taken advantage of the exemption given by section 408 of the Companies
Act 2006 and has not presented a separate income and expenditure account.
27
RELATED PARTY TRANSACTIONS
During the year the School recharged expenses relating to payroll and other costs to Yateley
Manor School (Leisurel Limited, the subsidiary company of Yateley Manor School Limited,
totalling £99,290 12019: 195,2031. During the year the School transferred cash of 160,000
{2019: £60,000) to Yateley Manor School (Leisurel Limited, and a donation of £13,698 {2019'.
£38,0401 was made to the School by its subsidiary. At the year end E191,64612019: £152,356)
was owed to the school by Yateley Manor School (Leisurel Limited.

YATELEY MANOR SCHOOL LIMITED
(LIMITED BY GUARANTEE)
Notes to the financiaL statements (continued)
For the year ended 31 August 2020
28
FINANCIAL INSTRUMENTS
2020
Group
2019
Group
Charity
Charity
FTnancial asset5 measured at
amortised cost
1,376,633
1,447,219
1,680,125
1,723,286
FinancTal liabilities measured at
amortised cost
(1,921,992) (1,899,724) 11,927,689) (1,908,953)
Financial assets measured at amortised cost include trade and other receivables and cash and
bank balance and are initially recognised at transaction price. Such assets are subsequently
carried at amort15ed cost using the effective interest method.
Financial liabilities measured at amortised cost include trade and other payables and bank
loans and are initially recognised at transaction price.
45