Reglstered number. 00966437
Charty number. 307374
FYSON EDUCATION LIMITED
IA Company Limited by Guarant￿)
. TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
1111
A10
3110Y2024
CON*ANIES HOUSE
#156 j

FYSON EDUCAnON LIMITED
IA Company ￿rnited by Guarantee)
CONTENTS
Page
Trustees, Report
Trustees, ReSpOnsi￿￿tieS Statement
Independent ALKlitor'5 Repcrt on the Financial Ststements
ststement of FinancialActiwt*s
10-13
14
ststement of Financial Position
1S
ststement of Cash Flows
16
Noles to the Financial Statements
17-32

FYSON EDUCATION LIMITED
(A Company ￿Mited by Guardnteel
TRUSfEES' REF()RT IINCLUDING STRATEGIC REPORT)
FOR THE YEAR ENDED 31AUGUST 2023
ANNUAL AND STRATEGIC REPORT
The trust￿5 present th&r Annual and Strategic Report for the year ended 31 August 2023 under the
Companies Act 2006 and the Charities Act 2011. together wih the audited financ01 ststements for the year.
The trustees also confirm that the Latter comply Kvrilh the requirements of the Companies Act 2006. the
Company's Memorandum & Articles of Assocrabon arKI Accounting arKI Reporting by Chariti* Ststement
of Recommended Practice aPp￿cable to charities preparing their accounts in accordance with the Financial
Reporting Stsndard applicable in the UK arKI RepubiK of Ireland IFRS 1021 leffectwe l January 20191.
The assets of the School were sold in June 2023 lo the Inspired Learning Group IILGI and the operations of
the School under Fyson Education Limited are no longer continuing.
The OFwalions of the school are continuing under tIE new ¢)wner on the existing site.
In th￿e circumstances UK accounting standards do not permit these financial statements to be prepared
on a going concern basis and therefore the financial staternents have been prepared a basis other than
the going co￿e￿ basis. This charoe in the basis of accounting has nece5Sitated changes and these have
kxen reflected in the amounts shown in these account&
During the year lo the Fjoint of the sale of tradiNJ operab'ons and assets the ly)ard of trustees assessed
and considered the following..
Strategic Aim and Intended Effect
Situated in the heari of Yateiey arKJ serwing a wide area across the Hampshire/Surrey/8wkshire borders.
The School prides itself ￿ pro)itding an outstanding all-round education. enabknng all cljldren to reach
th￿r maximum academic arKJ xKial perfomwnce. offefing the pupils an insFYrational ar)d exciting
educational journey that WILL give pupils the Loois to build successful independent adult Live& The strategy
for achieving this is through dynamic arld enthusiastic texhing delwered by practitioners who excel in their
specHlities and thrive on teaching pupils of rarying ab1￿"tIeS In turn. they are supported by resources and
non-teaching stsff that promote this ambition. Spacious grourKJs and speciaknst facililies provide a wealth of
opportunities for learning and cLassrooms are wetl resourced and welcoming. With a full programrne of
activitses which enrich Iheir edUcat￿naL experience. children are given the opportunity to develop in a
broad range of areas Nurtuied in a warm. friendly and safe environment. they are given a host of new
experiences to explore. including woodland leaming. bushcraft. drarrka wort<shops with professional actors
and a comprehensive prc>gramme for the Year 8 leaver& building tha"r confidence and Stimulatir￿ thg'r
desire to learn.
The ability to leam and work independently gro￿ as the pupils enjoy a wbrant and stimulating educational
journey from the age of 2 to 13 years Committed stsff. Icrfjether kmth limited class sizes. ensure the
academic ar￿ pastoral needs of each child are meL
In a community thal embraces a breadth of cultuies 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 as
they develop into confident irKlividuais. wth a slrory foundation for a happy and balanced life. Putiis can
only achieve this once they have been given the tools and the self-bekn'ef. The School experience aims to
do just that.
The School achieves excellence in rrkiny nt￿-aCadQrniC aTca& In Music a tsrye percentage ot pupils play
instruments and the Sch(x)I provides high quaiily teaching and practice facilities. Drama is taught
throughout the curriculum and the introduction of LAMDA examinatj.ons has helped raise the level of
performances Sport and chess are coached to high stsndards aFKI teams pupils achieve county and
national levels of excellen￿. All children are involved in a KTride range of ¥K)rt wth every opportunity to
Page I

FYSON EDUCATION LIMtTED
(A Company Lirroted by (knrantee)
TRUSTEES, REPORT IINCLUDING STRATEGIC REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
contribute at all levels both internally and inter-schooL
Objedwes and principal actiwties
The object of the Company. in accordance its Memorandum ofAssociation, is the educalion of
children up to the age of 13. In setting our objectives and planning our activit￿5. governors. who are also
charity trustees and company directors. have given careful consideration to the Charity Qfftmis5ion's
pUb￿"C benefit guidance.
The objects of the khool are for the publ￿ benefiL Children eligible for admission as Fvpiis of the School
fom a public rather than a private group. The objects of the School are open and Inclusive. No ￿r$On in
poverty is excluded by 0￿.ects from ebgiLylity for admission as a pupl ofthe SchooL
Specific rt)iecbves for the year ended 31 August 2023
Our objectives are set to reflect our educational aims arKI the ethos of Ihe SchooL The objectives fly the
year under review at the start of the financHI year were as follo
To ensure the continuation of a qualtty educat*)n promsion that KMII equip pupils with the skills for a
successful future.
- To secure the long term future of the schcd with a sutsbLe third th3rty.
Cpèrati¢)nai wfonrsance of the schcoland public benefit
The School takes part in the professior￿1 development of rwily qualified leachers and has brought a
number of graduates into the professi￿ by sUppo￿ng them through the graduate teacher programme.
Conb'nuous Professional Development Training events are pul on for teachers both in-house and from
other schools. including wowding training for IAPS Oistrict 10 $ch¢￿LS. The Scht)ol supports teaching staff in
their roles as extemal examiners and ISI inspector& The aLso offers work exper￿nce to local school
children and to dder and mature students foU¢)wng any relevant CoU￿es.
The School achieves standards signrficantly aly)ve the national average in many academic and non-
academ￿ areas In Musc a large percentage of Fxjpiis play instruments and the School provides high
quality teaching and practice facilities.
t)uring the year the School also prowded the use of tts facilities eTther fr￿ of charge or at a reduced cost to
local community groups including St. Peter's Church Yateley and Yateley Baplist Church for services and
social events a local children's choir to hold ch￿r practices. Yateley Choral &ciety. Yateley
Townswomen's ￿lId. open chess competitions, sC￿l and Cub groups, Yateley Lions. Sarah Newman
Music Group. Rushmoor Community FC and Horseshoe Lake Kayak training and Yateley Pre Sch(x)L The
School continues to host arvj stx)nsored the &)uth of EngLar)d Chess Championship&
Other community organisations which used the School's facilities include the Yateley Silverbacks
Basketball rnen's. ladies and youth Teams. Nomads &3dminton Club. Hill Badminton Club, Yaleley
Badminton and Social Club. Grarge Badminton. BeFit Carol & ￿rah Aerotrics. Yoga UK, Yateley m￿riS
Men. Hampshire Shotokan Karate. Yaleiey Foottlall Club. Beaulieu Football Club. Sandhurst Cricket Club,
Yateley Cricket Club ILadies. Men's & 8oys). Fleet Cticket Club. Hampshire Performance Cricket, Baby &
Children's Market. Fleet Morris Ladies. North Hants CrickeL North Hants Girls Crickel. Ace Star Tennis,
Diddy Dunkers 8askelball. Flute Salads mU￿C Group. Fast Track Fitness. Sarah Walters Yoga. Judo SchoDL
BLackwater Valley Canoe Club. Lorraine Badminton Club. Our Church. Monika Creswell Yoga Group. Paul
Broome 5 a &de Footba￿ Pete Daines 8asketbaiL Carrw LT Dance & Amy Lynch Yoga.
The School continues to offer hO￿.daY clubs for all children of the appropiate age in the local area. These
clubs are available to children not attending the khoc
Page 2

FYSON EDUCATION LIMITED
(A c￿ry)any Limited by C*Jaranteel
TRu￿EES. REPORT (INCLUDING STRATEGIC REPORT) ICONnNUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The governing document of the Charty is the memora￿lum a￿1 Articles of Association adopted on 18
November 1969 as amended by Speckal Resolution passed 2 July 1989. as amended 7 December 1997.
Further ametylments were passed 15 February 2023 and 27 February 2023.
Q)veming bo(ty
The fomEr Govemors. who are also Trustees for the FxJrtx)ses of charity Law arnj directors for the purposes
of company law. are responstble for the overau managernent and control of tt* Charitable Company and
met four times a year.
New Trustee5 are elected by the board on the ba9s of their eligibib"ty. personal competence. specialist
skills and local availability. The comFM)Sition of the b(Nard is kept under constsnt revw and proper
consderation is given to Succession planning.
All Trustees give thar time freely without reMurnerat￿n. No Trustee or person connected wth a Trustee
received any benefit from wther means tested bu¥saries or ￿holarShipS awarded to our puyls
Fyson Education Limited Fws a whouy o￿Ted n0rkc￿rrtobie subsidiary. FyS￿ Educatk)n (Leisurel Limited.
The school also has an active Parent Teacher Organisation called Friends of Yateley Manor IFYMSI which is
very supFx)rtive of the SchwL ￿0vidIng a network for parents. a conduil for parent volunteers and in
fundraising.
The Charitable coM￿nY does not employ professi)nal fundraisers and has not recewed any complaints in
respect of ils fundraisng activities The Charitable Company d￿S not con%der it necessary to take any
steps to protect vulnerable people and members of the public from its fundraisng actiwb'es due to the very
limited nature of these activitie
former Governc¥s have attended training njn by IAPS. AGBIS. Wilsons the Schools legal
dvisers and other provKlers.
Key management pers￿n¢l
The former Governors considered Ihat they. together with the Head. the Bursar and the Senior Leadership
Team ISLTI comprised the key management personnel. The pay and remuneration of the Headmaster was
set by the former Govemors The Headmaster set the pay arKI remuneration of the Bursar. SLT and
remainder of the staff.
A number of criteria wds used in selting pay.
. competitor satarEs in the region
experience of the post holder
. nature of the role and resp)nsibilities
. the sector average salary for conwarable p)sIt￿nS
. trends In pay
. affordabilily
Page 3

FYSON EDUCATION LIMtTED
(A Company Limited by c￿￿rantee)
TRUSTEES. REPORT IINCLUDING STRATEGIC REPORT) ICONnNUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
Organisational management
The former Governors determined ihe general pobcy of the sch￿ The day lo day running of tF)e School
was delegated to the Headmaster and Buisar. suprx)rted by the SLT. The Headmaster undÈrtix)k the key
leadership role overseeing educalional. pastoral and èdministralive functions in consultation vAlh the
8ufsar and SLT. The day to day administration of the SchoDI was undertaken within the policies and
procedures approved by Ihe former lknvernors which prowde fow ggnificanl expenditure decisions and
major capitsl projects to be referred to the govemors for prmy approvaL
Plans for the future pericés and objectives for the coming year
The assets of the khool were sold in June 2023 to the Inwred LeamirrfJ Group IILGI and the operations of
the ￿h0o1 under Fyson Educatw ￿M￿ted are no I(￿ger contsnvrng.
At Ihe start of the academic year ended 31 August 2023 the long-tem aim was for the num1￿ of PLJpils to
be between 350 and 400. acknowledging that in the current econornic C￿"mate numiws are likely to
remain tower than tlws.. and for facilities to be upgraded and extended.
At that point. the board's main objective was to improve upon the already high standards of educalion
achieved by the School in previous years offerir¥3 Ihe PUFJL% an inspirational educational joumey that will
prepare ctrM"Idren for th￿r chosen senior sch￿￿ aThJ gve wpiis the tools to build successful ￿u[t bves
The strategy for achieving this was thrwgh dynarr￿C and enlhusosk teaching delivered by practitioners
who excel in their speciallies and thrive on teaching wpiis of wide ranging abilities supported in tum by
resources thal match th￿r ambition.
Principalactivity
The School's principal activity during the academic year ccrtinued lo be the wovision of a day school for
children from 2- 13 years ofage.
The SchcK)I had 340 pu￿lS on the register at the start of the 2023 financial year atmy had an encouraging
year vjith good academic swrting achievement&
Grant making
Schokrships were offered lo attract talented children who W￿ld benefit from the School's activities and
facilitie& The purp￿ of our scholarship awards was to recognise high academic potential or the ability to
excel in our co-curricuiar activities. Our scholarships were awarded on the basis of the individual's
academic potential or evidence of ex￿pt￿jr￿I abI￿"lLeS which wll contribule to our co-curricutar activities
Where further assistan￿ was required. scFK)Larship awards we supplemented by a means tested
txJr5ary.
As part of our emthasi5 on attracting and retaining hwJh cabbre staff. we offered a discount scheme for staff
membeis who choose to educate their children at oui khocL
Page 4

FYSON EDUCATION LIMITED
IA COrr￿aTrY Limited by Cthranleel
TRUSTEES, REPORT (INCLUDING STRATEGIC REPORTr IcoMnNUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Volunteers
The PTA IFYMS) is very actNe in atranging fund raising events and organising social events for parents and
children. Where the value of this substantial supw)rt can ￿ readily ouanb.fied Ihen it has been included in
the financial statements. Additionally. a large number of parents volunteer to assist in various activities
around the School. e.g.in the prfrprep garden. heip'ng in ciawwm& etc.
FSnanclal revlew
Results for the year
The nel result for the year was a deftil of £L812.456 Q022- £3.899.4631.
Financial Key Perfom*nce Indicators
The principal fina￿la[ Key Perfomwnce Indicators IKPis) were..
surpLus being not less than budget
cashflow over the year (excluding capital e4)endtturel ￿￿'ng F*)glive.
Pupil roil conlinuing to build year on year.
The financial performance of the School in 2022/23 was noi as benefickgl to the school as expected. With
income lower than expected this led to a greater forecasted los& This meant cash reserves of the
School were depleted further.
FinarLes
The principal source of income was fees which accounted for 96% of toial income. The Trustees continued
thar strategy of depLowng all net incoming Tèyxjrces to investing In the edL4calional purposes and fabric of
our SchooL
As a charity tP￿ parents of our pupils have the assurarKe ihat ail the inc￿* of ihe School musi applied
for educational purpose& As an educational charity we enjoytax exemption on our educational activrties.
Reserves policy and financial I￿alth
The governcys regularly reviewed the finances. budgets and spend against budget together with a temly
cash flow analysis as part of the effective stewardship of the SchooL
At the statement of financial F¥)sib"on date. totsl reserves stoc¥J at É149.62212022 - £1.962.0781.
The general funds remaining will be used by the charrtable company lo advance the education of children
by providing and asssting with the prowsion of educatiorwl resources and facilities and proffiding fu￿ing
for financial assistance for pupils and prospective wpiis of Yateley Manor ￿h0
Page 5

FYSON EDUCAMON UMITED
IA Compary Limited by Guarantee)
TRu¥fEES' REPORT (INCLUDING STRATEGIC REPORn ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
Financial rewew (con￿ued)
Future opeTrtions ofthe Schcoi
The board of governors had been engaged in a project to secure the school's future within the existing
structure of the company. With the financial challenges that the School was faciry coupled with the
challenges on the horizon thal had a direct impact on to the on-going viaiy'lity of the school, namely
through increased pension contributK)ns. potential for VAT costs arvj the need to invest in the school. the
board considered whether the School should remain a self-contained and suffrient 2-13 year schooL look
for external investment to help develop the ￿Tr￿)01 whilst remaining self contained or seek new external
furvjing thrryjgh a sale of the oFerations and asse
After considering options with a variety of organisations from the charity sector, private ownership and
private investment rims. the charity agreed to sell the trading operations arvj charity assets to the Inspired
Leaming Gr￿Jp IILGI. The sale was completed in June 2023.
The School's activities have continued under its new owners- ILG.
As a result of this sale. Ihe subsidiary company Fy5(￿ Educati￿ ILei9Jrel Limited will be wcxjnd up in the
future. The trading operations of the khooi. for prO￿￿n of edUCat￿n. is registered to Yateley Manor
School London Limited. registwed numter I490￿33.
The Fyson Education Limited company arKI registered charity Kyrill continue as an operational charity and
company in line wth ils governin9 documentatiorL
Market value of Land and buildings
The entlre tand arbd buildings were disposed of with the charity assets in the sale of tradiro operations
bef¢ye the year end. The sale was compteted al a ccrfNderatKJn of £3.800.000.
Principal risks and uncertainties and risk ￿￿erne￿t
During the year to the FX)int of the sale of the trading operations and assets the trx)ard of governors
assessed arKI congdered the following..
The l>)ard of governors is respOn￿￿￿e the management of the risks faced by the Charitable Company.
The major risks faced by the Sch(K)l. including strategic and financial risks. were reviewed by &)vernoYs
annually followng a review by Ihe Headmaster. Bursar and Senk?r Leadership Team.
The govemors. through their various committees. kept the Schcx)I's acts"wties urKJer constant review.
particularly in relation to any significant risks involved. Thts process has formalised by compib'ng a
Risk Regislei. maintained by the Scho(A Bursar.
The key controls used by the SchcKA were..
. Formal and regular OVer￿ght by the C￿nIr0 BcKly its Committees
. Twms of reference for Committees
. Formal agendas for atl Committee and board meelings
. Minutes of meetings with follow up action wnts
. Established ryganisalional structure and b.nes of repjting
. One governor with oversight of risk management
. All governors haviThJ at least one area of oversighl
. Comprehensive systeyn of strategic planning. budgeting. management accounting and variance analysis
Page 6

FYSON EDUCATION UMITED
(A Company ￿rnited by Guaranteel
TRUSTEES. REPORT IINCLUDING STRATEGIC REPORT) ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
Financial rewew Icontinuedl
. Cleai authorisation and approval leveLs
. Formal Written policies
. Continuous remew of internal controLs
. Vetting and safeguarding procedures as required ty law for Ihe protection of children
. Pre-assessments for specffic activitEs
Reference and administrative detsiLs of the Ccmpany. ts tnjstees and advisers
Fyson Education Umited is a CharIta￿e company founded on 18th November 1969, charity iegistration
nurnber 307374. company registration number 00966437. with the liability of its members limited to £1
each by guarantee. The ftegistered Office arKI address of the Company is at 51 Reading Road. Yateley.
Hampshire GU46 7UQ. The website is wvM.yateleymanor.com.
Directorsnrustees
J S Ashworth. Chairman (Resigned 21 March 20241
P T Cootes (Resigned 2J March 2024)
C R Gocd IResigned 21 March 20241
J I￿rkpatrICk (Resigned 21 March 20241
S 8arton (Apwnted 22 December 20231
N Radia (Appointed 22 December 20231
S Shah IApwinted 22 t)ecember 20231
Company registered
r￿mber
00966437
Charity registered
number
30T374
Registered off
Yateley Manor &hoc
51 Reading R(kid
Yaleley
Hampshire
GU46 7ua
Company secretary
JAKLee
Indèpendènt auditor
CLA Evelyn Partners timited
Chartered Accountants
ststut(ry AuditLY
Onslow H¢)use
Onslow Street
Guildford
GUI 4TL
Page 7

FYSON EOUCAMON LIMITED
(A Company ￿mited by Cknranteel
TRusfEES' REPORT (INCLUDING STRATEGIC REPORT) ICONTINUEDI
FOR THE YEAR ENDED 31AUGUST 2023
Senior Leadership team
Rotr*rt Upton- Headteacher (ReS￿ned - April 20241
Laura Ball - Acb'ng Headteacher (Appointed April 20241
Laura 8all- Head of Learning Support
Jamie Lee- Bursar & clerk to goverrK¥S
Jamie L￿- Company secretary
Clare TIK)mpson - Assistant head upw school
Carty Skillelt- Assistant head LOW￿ schod
Simon Head- Stsff development manager IRes*gned- July 20231
Simon Head- Deputy Head (Resgned - July 20231
Bankers
Lloyds Bèr
25 Gresham Street
London
EC2V 8HN
Soticitors
Cripps
Number 22. Mount Ephraim
Tunbridge Weus
TN48AS
Disclosure of information to aLKlitor
Each of the persons VA￿ are Twsiees at the trme when this Trusiees, Report is approved has confiimed
that".
so far as that Trustee is aware. there is relevant audit informalion of which the charity's auditor is
unaware. and
that Trustee has taken aLL the steps that ought to have tr￿1 taken as a Trustee in order to be aware
of any relevant audit infoimation arK4 to estsblish that the charity's auditor is aware of that
inforrnati)rn
Approved by order of the members of ihe board ofTrustees signed on their behalf by.
S Barton
Date 3010512024
Page 8

FYSON EDUCATION LIMITED
(A Company Limited by Guarantee)
STATEMENT OF TRUSTEES. RESPONSIBILrrrES
FOR ThE YEAR ENDED 31 AUGUST 2023
The Trustees (who are also the directOTS ofthe Company fty the wrposes of company Lawl are responsible
foi prepaiing the Trustees. Rewt the financial statements in accordance with app￿Cable Law and
Un¢ted lth"ngdom Acc%JJnts"ng Standards (United lQ"ngdom Generally Accepted Accounting Practs'cel.
Company law requires the Trustees to prepare financial statements for each financwl year. Under COrn￿ny
Law, the Trustees must not approve Ihe financial stètements unless they are salisfied that they give è true
and fair view of the slate of affairs of the Company and of its incoming resources and app￿CatiOn of
resources, including its income and exFendilure. for that perK*a. In weparing these fInar￿la1 statemenis,
the Trustees are required to".
select suitalAe accounting po[￿leS and then apply them tongstently.
obseNe the meth(Kls and Pnncl￿es of the Charilies SORP IFRS 1021".
make judgments arKI ￿cOuntIng estimates that are reas0Th3ble and prudent",
state whether appts"cable UK Accounting StaThlards IFRS 1021 have b&n followed. subject lo any
material departures disclosed and explained in the finar￿￿81 statement
prepare the financial statements on the g(xng concern basis unless rt is inapproyiate to presume
that the Company will continue in Lugness.
The Trusiees are responsible for keeyng adequate accounting records that are sufficient to show and
expLain the Company's transactions and disclose ￿th reasonable accuracy at any time the financial
sition of the Company and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsble for ￿feguardIng the assets of the Company and hence for
taking rea5￿a￿￿e steps for ihe prevenlion and detection of fraud and (rther irreguiarrties.
As explained in note 2.2 to the finanual statements. the trustees do rx)t cowder the going cor￿eM basis to
be appropriate and these financial statements have therefc*e rKJt been prepared on that bags.
Page9

FYSON EDUCATION UMITED
(A Crynpary ￿Mited by Guarantee)
INDEPENDENT AUDITOWS REPORT TO THE MEMBERS AND TRUSTEES OF FYSON EDUCATION
UMITED
Opinion
We have audited the financkil statements of Fyson Educalion Limited (the 'charity'l for year ended 31
August 2023 which compri* the Statement of Firkqncial ActiviiEs. the Statement of Financial Position. the
statement of Cash Flows arKI the notes to the fina￿la1 statements. including significant accounling
cies. The financial repjrting frameworf( that has b￿n applied in their preparation is applicable (aw and
United lfjngdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in
the UK and RepUt￿"C of Ireland. (United Kingdom GeneTally Accepted Accounting Practice).
In our opIn￿)n the financkil statements
give a true and fair Mew of the state of the charitys affairs as at 31 August 2023 a￿1 of its income and
expenditure for Ihe year ihen erKled..
have been property prepared in accordan￿ wth United Kingdom Generally Accepted Act¢)unting
Practice". and
have been prepared in accordance Charities Acl 2011.
Basis for ¢Jpinion
We coThlucted audit in accordance th Intemational StarKlards on Auditing IUKI IISAS IUKII and
applicable law. C*Jr responsibilities under those starvjards are further descnbed in the Auditor's
responsibilities for the audit of the financial stslements section of ￿r reFYYt. We a￿ independent of the
charity in accordance with the ethical requirements that are relevant to wr audrt of the financial ststemenls
in the UK. I￿lUdIng the FRC'S Ethical Standard. and we have fulfilled our other ethical respon5ibililies in
accordance with these requirement& We believe that the audit evKJence we have obtained is sufficient
and appropriate to promde a bags for ￿r opinion.
Emphasis of matter- not a going con￿rn
We draw attention to note 2.2 Going concern of the firkRnck31 stalements vjhich explains that the financial
ststements have not been prepared on a going concern bashs for the reasons set out in that note.
Our opinion is not modified in respect of thi8 matter.
Other infomiation
The other information comprises Ihe information included in TruSt￿S, Report and Financial Stalements.
other than the financkil statements and our auditor's reFy)rt thereon. The trustees are responsible for the
other informaknon contained wthin the Trustees. rewrt and Financial Siatements. Our OFinion on the
financial statemenls not cover the other informab.on arKI we do not express any fomi of assurance
conclusion Ihereon. Our responsibiij.ty is to read the other infonnation and. in doing so. consider whether
the othw information is materkAlly inconsistent with ihe finartial statements or our knowledge obtained in
the course of the audit. or otheNAse appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstalements. we are required to delermine whether this gives rise to
a material misstatement in the financial statements themselve& If. based on the work we have performed.
we conclude that there is a material misstatement of this other informab'on. we are required to report that
facL
We have rK)thing to rewrt in this regard.
Page 10

FYSON EDUCAMON UMITED
IA coM￿nY Limited by Guèranteel
INDEPENOENT AUDITOR'S REPORTTO THE MEMBERS OF FYSON EDUCAMON LIMITED ICONTINUEDI
Matters on vthich we a￿ required to reKK¥t by exceptN)n
Matters on which we are required to re￿t by exception
We have nothing lo reFX)rt in respect of the follov/ing matters Trn retstion to which the Charities IAccounts
and Reports) Regulations 2008 require us to report to you if. in our oF4nion'.
Suff￿lent accounting records have not been kept" or
the information given in the financial ststements is inconsistent in any materkal respect wlh the Trustees.
Annual Report.. or
the finarKial statements are not in agieement wilh the accounting records.. or
we have not re￿IVed aLi the inforrnath)n ar￿ expLanab"ons we require for our audit.
Responsibilities of trustees
As explained more fvlly in the Statement of Trustees, Re¥t•nsibiiities set out on page 9. the trustees are
re¥onsitAe for the preparation of the financial statetr￿ts and for being satisfied that they give a true and
fair wew, and for such intemal conirol as the trustees detemine is necessary to enatAe the preparation of
finarfial ststements that are free from material misstaternent. vhEther due to fraud or error.
In preparing the fina￿la1 statements. the trust*s are Te¥N)ngble for assessing the charily's alj'lity to
continue as a going concern. disclo%ng, as applicable. matters related to going concern and using the
going concwn t>asis of accounting unless the trustees either intend to liquidate the charity or to cease
operations or have no rea￿'stIC alternative to do so.
Auditor's reswnsibiiibes for the audit of the finanoaistatements
We have tten aw?inted as auditor under section 144 of the Charities Act 2011 and report in acCOrda￿e
with the Act and relevant regulations made or FNaving effect Ihereunder.
Our objectives are lo obtain reasonable assurance atxNJt whether ihe financial statements as a whole are
free from material misstalement. vjhethw due to fraud ￿ error. and to issue an auditor's reF)Ort that
Includ￿ our OFinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit
conducted in accordance with ISAS IUK) will always detecl a materk31 misstatement when it exists.
Misslalements can arise frorr) fraud or error and are considered material if. individually or in the aggregale.
they could reasonably be expected to influence the economic decisions of users iaken on the basis of
these financial stalements.
Irregularities. ir)cluding fraud, are instances of non-c(yry)b"ance with lav￿ and r￿ulatiOns. We design
procedures in line Kyrith our responsibilities. ¢xJtiined above. to detecl materFal misstatemenls in respect of
irregularities, includirE fraud. The extent to which our pr￿edUreS are capable of detecting irregularities.
including fraud. is detailed below.
We obtsined a general understa￿lIng of the Charitable Companys legal and regulatory framework
through enquiry of management conceming. their understarKling of relevant laws and regulations,. the
entity s wb'cies and pr(cedures iegarding compliance". arxl how they identify. evalLJate and account for
litigation claims. We aLw drew on our existing U￿lerStandIrQ nf tho Chariiablc C(x-npaiiys illLlustry and
rgguiation.
Page 11

FYSON EDUCATION LIMITED
(A Cryany knmited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FYSON EDUCATION UMITED ICONTINUEDI
We understand that the Charitable Company complies )vith the framework through..
- Outsourcing financial ststement preparation to extemal experts".
Updating operating procedures. manuals and intemal controls as legal and r￿u￿tOry requirements
change, and
- Management's oversight through regular meeb"ng&
In the context of the audrt. we considered those laws and reguLations which determine the form and
content of the fir)ancial stèlements. which are central to the ChaTltable Company's ability to conduct ils
business. and where there is a risk that failure to comply could resuti in materk31 Fxnaltie5. We identified
the following laws and regulations as ba.ng of sgnificarte in the context of the CtNaritable Company's
actlV1ties
The Companies Act 2006 and FRS 102 in rewt of the preparati(￿ and presentation of the financk21
statements.. and
The Charities Acl 2011.
Based on our understar)ding we perfomed the following specific procedures to gain evidence aboul
compliance with the significant L4ws and regulations above..
We identified the laws ar)d reguLaiions applicable lo the charity through discusgons ￿th management,
and from our commercial knowledge and exrErpnce of the sector.
Making enquiries of managemenl and those charged with govemance to understsnd Iheir awareness of
any non-complj'ance of laws and regulations
Reviewing minutes of meetings of those charged wlh governance lo identify any instances of non-
compliance.
The senKJr ststutw audilor Led a discussion Kmth ali members of the engagernent team regarding the
susceptibility of the entity s financial statements to material misstalemenL incLuding how fraL￿ rnighl occur.
The a￿a5 identrfied in this discussK)n were:
Manipulation of the fina￿taL statements via fraudulenliournal entrEs
The procedures we carried out to gain e)ridence in the above areas included..
Testing journal entries. f(tusing ￿rts'CuLarlY on postings to Une¥￿ted or unusual accounts and those
wth unusual or no description&
A further descriplK)n of our respongbilities for the audit of the financial slatemenls is localed on the
Financial ReFY)rting Council's website at..
This description foms
part offxjr Auditorfs RepJt
Page 12

FYSON EDUCATION LIMrrED
IA Company knmited by C4Jaranteel
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FYSON EDUCATION LIMITED ICONTINUEDI
Use of our reKKXt
This report is made xAely to the charity's trusiees as a bc#dy. in acc(ydance with Part 4 of the Charities
(Accounts arKI Reports) Regulat￿n$ 2008. Our audit work has been undertaken so that we might state to
the charity s trustees those matters we are required to state to them in an auditor's retx)rt and for no oth
purpose. To the fullest extent pemitted by law. we do not accept or assume responsikn'lity to anyone other
than the charity and the charity s truslees as a bcKly. for our audit worK for this rep)rt. or for the opin￿n5 we
have formed.
LledlMryJO.1014WJIGUT+L
CLA EveLyn Partners knmited
Chartered Accountants
statutory Auditor
Onslow House
Onslow Street
Guildford
GUI 4TL
Date.. 3010512024
Page 13

FYSON EDUCAnON UMITED
(A c￿panY Limited by Guarantee)
STAWENT OF FINANCIAL ACTNITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT.
FOR THE YEAR ENDED 31 AUGUST 2023
Unrestricted
funds
2023
Total
funds
2023
Total
funds
a)22
Note
Income from:
Donations and legacies
Charitable activities
Investments
Other income
15.259
3.409.461
7.693
15.259
3.409,461
7,693
848
4.335.093
2.887
In5
Total income
3.432.413
3.432.413
4.340.543
Expenditure on..
Charitable activities
Impairment of tsrKJible fixed assets
5.244,869
5.244.869
4.652,906
3.587.100
T¢)tal expenditure
5.244.869
5.244,869
8.240.006
Net movement in funds
11.812.456)
(1.812.456)
(3.899.463)
Recorcibation offunds..
Total funds brought forward
Net movement in funds
L962.078
L812.4561
1.962,078
11,812.4561
5,861.541
(3.899.463)
Total functs carried forward
149.622
149.622
1,962.078
The Ststement of Financkil Activities indudes ail gains and losses recognised in the year.
The notes on pages 17 to 32 form part of these finartial staten￿nIS
Page 14

FYSON EDUCATION LIMITED
(A Company Limited by Cth3ranteel
REGISTERED NUMBER.. 00966437
STATEMENT OF FINANCIAL ￿s￿l0N
AS AT 31 AUGUST 2023
2023
2022
Note
Fixed assets
Intangible assets
Tangible assets
Investments
2.541
3.800.000
13
14
3.802.543
Current assets
Debtors
15
58,424
303,376
356.728
693.248
Cash at bank and in hand
361800
1.049.976
credit￿ amounts falling due within one
year
16
I2￿.￿))
(2.890.441J
Net current assets/liiabiiites)
149.620
(1.840.465)
Total net assets
149.622
1.962.078
Charityfunds
Unrestricted funds
149.622
1.962.078
Total fvnds
149.622
1.962.078
The entity was entitled to exempti￿ from audit under section 477 of the Companies Act 2006. The
members have not required the entity to obiain an audit for the year in question in accordance vAih section
476 of the Companies Act 2006. However. an audit is required in accordarce with section 144 of the
CharitEs Act 2011.
The Trustees acknowledge their responsibl￿"￿"ÈS for complying with the requirements of the Act with
respect to accounting records and preparatbon of financkil statements.The financial statements have been
prepared in accordance wth the provisions appkn'cable to enb'lies subject to the smal( companies regime.
The financol staternents were apF*oved and authorised for issue by the Trustees and signed on their
behalf by
S Barton
Date 3010512024
The notes on pages 17 10 32 form part of tW financol statements
Page 15

FYSON EDUCATION UMITED
(A C(mpany knmrted by fl￿rantee>
STATEMENT OF G4SH FLOWS
FOR THE Y&4R ENDED 31 AUGUST 2023
2023
2022
Cash flows from ￿erating activities
Net cash used in operatirg aetivitEs
12.756,5301
119.965)
Cash flows from investing actiwt
Interest received
Proceeds from the sale of tangible fixed assets
Purchase of taryible fixed assets
7.693
3,800.000
128.610)
2.887
3.422
(291.6541
Net cash provided by/(used inl investing actrvities
3.779.083
1285.3451
Cash flows from financing activitses
Loan repayment
Interest patd
11.325.699)
186.7261
185,9501
(40,6111
Net cash used in financirvJ actiwties
11.412.425)
(126.56U
Change in cash arKJ cash equivalents in the year
Cash and cash equivalents al the beginAng of the year
1389,872)
1431,8n)
693.248
1.125.119
Cash arKI tssh equivaLents at the end of the year
303.376
693.248
The notes on pages 17 to 32 fomi part ofthese financkal statements
Page 16

FYSON EDUCATION LIMITED
IA Conwany knmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
General information
Fyson Education knmited is a CharitatrAe COM￿anY. limited by guarantee. domiciled and incorporated
in England arKI Wales Iregistered number. 00966437). The registered office address is Yateley
Manor School. 51 Reading Road. Yateley. Hampshire. GU46 7UO.
The Charitable comFJanls ful￿tiOnal and wesentatKJnal currency is GBP.
counting F￿￿cleS
2.1 Bass of preparati[￿ of financial statements
The financial statements have been prepared in aCcOrda￿e with the Charities SORP IFRS 1021-
Accounting arKI Rewrting by Charitie5". Stalement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Flepublic of Ireland IFRS 1021 leffecbve l January 20191, the Financial
Reporting Standard appLicable in the UK and Repubbc of Irdand IFRS 1021 and the Companies
Act 2006.
Fyson Education Limited meets the definition of a public benefit enbly under FRS 102. Assets
and lia￿11t1es are initially recognised at histo￿01 cost or transaction value unless othepmse
stated in the ielevant accounting poLJ"cy.
Fyson EducatKJn ILe¢gJrel Limited is the gJby"diary company of Fy%)n Ed￿atIOn Limited.
Section 405 of CA06 permits a subsidiary company to be excluded from consotidation where its
Inclusion is not Material for the purposes of giwng a true and fair v￿. This is deemed to apply
to the Letsure subsidiary which has therefore not been consolidated into these financial
ststements. These financkil statements are for the results of the parent entity only.
22 Going concern
The busness and assels of the School were sold during the year. Therefore the business and
operations of the Sch(yJl under Fyson Educalion Limited are no longer continuing. The
operations of the schcxA are continuing under the new owner on the existing site.
In these circumstances. UK accounting standards do not perm¥t these financial statarents to be
prepared on a going concem basis and therefore the financial statements have been prepared
on a bèys other than the going c(xKern ba9&
2.3 Income
ALL income. including income from donalK)ns. is included in the Statement of Financk31 Actiwties
when the Charitable company is legally entitled to the income. it is wobabie that the morn￿ wll
te received and the amount can be quanlified ￿rith reasoroble accuracy.
Donaled gifts are only induded in the financial stslements when rt is practical to value that gi
Page 17

FYSON EDUCATION LIMITED
(A Conwany Limi￿￿ by GuaranteÈl
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting pokncies Icontinued)
2.4 Fee income
Fee income represents fees. extras and dislxjrsements. received for the education of the pu&ils
attending the school and the provision of coach iransporL less discountg Income received frorn
the rendering of tuibon services is recconL%ed over the ￿TiOd the savice is provided.
2 5 Expendlture
Expenditure is rec(wised on an accruals bags as a liability is incurred. Expenditure includes any
VAT which eanrK)t ￿ fully recovered arvj is re￿￿ted as part of the expendrture to which it
relates.
Éxpenditure on raising fu￿￿5 includes all expenditure incurred by the Charitable company to
raise funds for ils chariiable purposes includes costs of all fundraisiw activilies events and
non-charitable trading.
CharitstrAe expenditure comprises those costs incurred by the CharitaEAe company in the
delivery of its ackn"Mlies and seNices for its benef￿larieS It includes.both costs that can be
allocated directly to such actiwties and those costs of an indirect nature necessary to support
2.6 Government grarrts
Grants of a revenue nature are recogThsed in profrt loss in the same period as the ielated
expenditure.
2.7 Taxation
The Chariiatle company is cowdered to pass the tests set out in Paragraph I Schedule 6 of the
Finance Act 2010 arKI therefore it meets the definib.on of a Charitable company for UK
corporation lax purposes Accordingly. the Charttable company is potenbally exempt from
taxation in re$￿cl of income or capital gains received wlhin categories covered by Chapter 3
Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Acl
1992. to the extent thal such income or gains are appb.ed exclusively to clN3ritable purposes
2.8 Intangib￿ assets and am￿tss)tion
Intangible assets are initially rec(yJnised at tosL After recognition. under the cost nh)del.
inlangible assets are measured at cost less any accumulated amortisation and any accumuLated
impairment losse&
All intangible assets are considered to have a finite useful life. wh￿h must be reviewed at each
reporting date. If a reliable eslimate of the useful life cannot be made. it is presumed to be rK)
more than ten year&
Amortisation is PTovided on intaroibie assets at rates calculated to vrrite off Ihe cosl of each
asset on a straighl-line basis over its expected useful b'fe.
Page 18

FYSON EDUCAnON UMITED
IA Company ￿rnited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31AUGUST 2023
ACC(￿nting policies Icontwiued)
2.8 Intaryibie assets and amorbsation Icontinued)
Amortisation is provided on the followirwJ bas&
Software Licence
25 % stTaKJht-kn
2.9 TarYJible fixed assets
TangitrAe fixed assets are initially recognised at cost After recognition. urKler the cost model,
taroibLe f1xed assets are measured at cosl less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset inlo its intended working
coThJition should be inctuded in the measurement of cost
At each reporting date the Charitable c¢)mpany assesses Kthether there is any indication of
impairment If such indication exists. the recoveratrAe amount of the awt is determined to be
the higheT of its fair value less costs lo sell and its value in use. An impairment loss is recognised
where the carryng amount exceeds the recovwatAe amount
Depreciation is chaiged so as to allocate the cost of tangible fixed assets less th￿r residual
value over their estimated useful lives .
DepreciatK)n is prwded on the fdLoKMng basis..
Fr￿hold buildings
PLant including vehicles
Fixtur￿. fittirys arKI
equipment
Computer equiwnent
2% stiaight line
25% reducing balarce
IO°A strnight-line
25% straight-line
Assets wth a cost of less than £2.000 are not capIta￿"sed unless they are part of a Larger project.
The assets. residual value5. useful lives and deweciètion methods are remewed, and adjusted
prospectively if arvowate. or if there is an indica1K￿ of a significant change since the lasl
reporting date.
Gains and losse5 on disposals are detemined by comparing the proceeds Wlth the carrying
amount arKI are recognised in the Slalement of FinarKial Actiwties.
2.10 Investments
Investments in subsidkities are valued at cosi less provision for impainY)enL
Page 19

FYSON EDUCATION LIMITED
(A Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies leontinue(D
2.11 Financial instruments
FinarKial assets and firiancial Ik4tx"lrties are recognised in the Statement of Financk41 Position
when the Charitable company t*comes a party to tF* contractual promsions ofthe instrument
Trade a￿£ other debtors and creditors are classified as ba￿ financkil instruments and
measured C￿ initial recognition at transaction pnce. Debtofs ar￿ creditors are subsequently
measured at amortised cost Ljsing the effectnie interest rate method. A provision is established
when there is objective evidence that the Charitable company will not be able to collect all
amounts due.
Cash and cash equivalents are classified as bagc financial instruments and comprise cash in
hand and at bank short-term bank deF¥Jsiis wilh an oiiginal maturily of three months or less and
bank overdrafts which are an integral part of the Chariiable company's cash managemenL
Interest bearing bank loans. overdrafts atyl otw loans which meet the criteria to LE classified
as basc financol instrumenls are initially recorded al Ihe present value of cash payable to the
bank. which is ordinarily equal to the woceeds received net of direct issue costs These b"abilities
ale subsequenuy measured at amorbsed cost. U9ng the effective interest rale method.
2.12 Operating Leases
Rentats paid under OKwating leases are charged to the Statement of Financk31 Activilies on a
stroight-line basis over the lease temi.
2.13 Pensions
The Charitable company participated in Ihe Teachers. Pen￿On Scherne, a defined benefit
pension scheme. Until April 2015 the Chariiable CoM￿nY participated in a stakeholder pension
scheme as well. &"nce Ihen the Charitable company has compLEd wth the auto enrolment
regulab'ons and transferred slaff who are not ir) the Teachws, Pengon kheme lo the AEGON
Group Personal Penson kheme. The F￿￿lan charge represents the amounts payable by the
Charitable company to the schemes in respect of the year.
2.14 Fund aceounti
General funds are unrestrtled funds wh￿h are available for use at the discretion of the Trustees
in furtherarKe of the general objectwes of the Chariiable company and whrh have not been
designated for other F)urpo
Page 20

FYSON EDUCATION LIMITED
(A Compww Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31AUGusf 2023
Critical accwntiry estimates arèas ofjudgment
The preparation of financial ststements in conformity with generally accepled accounting practice
requires management to make estimates and judgements Ihat affect the reported amounts of assets
and liaiThlities as weLI as the disclosure of conbngent assets and tsa￿'11t1￿ at the stslement of financial
position date and the rewrted amounts of revenues and exFenses during the repo￿ng pertod.
The trustees consider that ro key estimate5 ￿ judgements are required in the preparation of these
financial statement&
Inccme from donations and legacies
Unresiricted
funds
2023
Total
funds
2023
Totol
funds
2022
Donations
15.25g
15.259
848
15.25g
15.259
Income from charitsble actsvities
Unrestricted
funds
2023
Totsl
funds
2023
Total
funds
2022
Yateley Manor School fees
Pre-prep School f￿S
Exiras recoverable
Discounts allowed
2.636.085 2,636,085
1,114.986
1.114.986
53.483
53,483
1395.093)
3630.013
l.J13.463
52.370
(460.753J
1395.0931
3.409.461
3.409.461
4.335.093
All fee income in both years was Unre5tr￿ted.
Page 21

FYSON EDUCATION UMITED
(A Company knmited by C￿rantee>
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Investment income
Unrestricted
fur)ds
2023
Total
funds
2023
Total
funds
2022
Interest recwvatAe
7.693
7.693
2,887
Oiher in￿nIng re50urces
Total
funds
2023
To¢ol
funds
2022
fund5
2023
GoVernn￿t grants- Coronawitss Job Reiention Scheme
1.715
Analysis of expenditure on eharitsbie actmties
Unrestricied
furKts
2023
Total
funds
2023
Total
funds
2022
Staff costs
Stsff training
Direct cosis
2.109.505 2.109.505
6,749
6.749
739.361
739,361
2.468.324
12.204
739.480
42.866
Depreciation
Bad debts
Bursary cost ￿1r0 activities
SupF)Ort costs (see note gi
103.866
791000
L494.389
103.866
79LOOO
L494.389
55.250
1.334.782
5,244.870
5.244.870
4.652.906
Page 22

FYSON EDUCATION LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENCÉD 31 AUGUST 2023
Supp¢yt costs
C05t of
charitsble
activites
2023
Total
funds
2023
Total
funds
2022
Staff costs
537.026
96.420
308.751
537.026
96,420
308.751
618,084
130.677
283.938
IT/.524
38.433
43.904
341
Administrative costs
Premises costs
Depieciats'on
Profesgonal costs
Governance costs
Bank charges
Amortisation
2L858
411.178
1.279
21,858
411.178
L279
1.270
Loss on disposal of intangible assets
Loss on disposal of tarKJible assets
Interest payable
2.541
28.610
86.r26
2.541
28.610
86.726
40,611
Totsl 2023
1.494,389
1.494.389
1.334.782
10. Net movement in funds
This is stated after charging..
2023
2022
Depreciat*)n of property. plant and equipmenl
Impairment charge
Amortisalion of intsngible assets
Auditor's remuneralKJn'.
- statutory aLKlit
- taxab'on services
220.389
3,587,100
1.270
29,144
29.616
2.575
29.144
3.840.950
Page 23

FYSON EDUCATION LIMFTED
(A C￿npanY ￿Mited by Guarantee)
NOTES TO THE FINANCLAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Staff costs
2023
a)22
Wages and saianes
Social secLJrity costs
Conliibution lo defined cOntn'bub'￿ schemes
2.057.205
197.475
367.2n
2.404.176
233.012
430.519
2.621951
3.067.707
Within the pe￿on Contri￿tion ex￿￿Se is £66.705 12022 - £77.1661 relating to the school's defined
contribution pension scheme. The Temainder reLates to the Teachers. Penyon Scheme (see note 221.
NO￿ of the trusiees (who are also directors) or any persons C¢Jnnected wth them received any
remuneratk)n during the year. No tnjstee received reimlxjrsed expenses during the year (2022 -
nonel. No amounts were paid on behalf of tnjstees (2022- none).
The average number of person5 employed by the Company during the year was as follows..
2023
No.
2022
Teachers
Maintenance
Administration
56
14
io
65
19
li
95
The numtrw o( employees Kth)se employee Lw*fits lexcludirYJ employer pension costs) exceeded
£60.000 was:
2023
Nuntsr
2022
Number
In the band £60.000 - £69.gg9
In the band £70.000- £79,999
In the band £80.001- £90.000
In the band £90.000- £99.999
The Charily's key management per$c￿ne1 comprise the trusiees. Ihe headteacher and the rest of the
senior leadership team. Total remunerats.on paKI to key management personnel was £426,548 12022
£502.8031.
Page 24

FYSON Et)UCATION LIM￿ED
(A Cc¥npany knmited by C*Arantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Intangible assets
Software
cence
At I September 2022
Oi¥y)sals
6.352
16,3521
At 31 August 2023
At I September 2022
On dispyjsals
3,811
13.811)
At 31 August 2023
Net b(￿ value
At 31 August 2023
At 31 August 2022
2.541
Page 25

FYSON EDUCAMON LIMITED
(A Company Limited by Guarantèe)
NOTES TO TrIE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
13. TatYJibie fixed assets
Freeh¢Ad
land and
buildings
Plant
F￿tures,
including fittings and
Computer
vehicles equiw)ent eqUlFX￿t
Total
At I Septemtw 2022
Additions
Disposals
10.386,160
22.692
ao.408,85a
435.057
1.116
1436.173)
248,502 IL078,283
4.802
28.610
(253.3041 (11,106,893)
18.5641
At 31 August 2023
At I September 2022
On disposèis
6.586,160
16,586.1601
435.057
1435.05T)
248,502
7.278.283
1248.5021 17.278.283)
18.564)
At 31 August 2023
Net book value
At 31 August 2023
At 31 August2022
3.800.000
3,800.000
Page 26

FYSON EDUCAMON UMITÉD
(A Cor7wany Limited by C)Jarantee)
NOTES TO THE ANANCiAL STATEmE￿s
FOR THE YEAR ENDED 31 AUGUST 2023
14.
Fixed asset inve5trnents
Investments
in subsidiary
companies
Cost or valuation
At I September 2022
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022
Principal subsidiaries
The folloKYrirrfJ was a subsidkary undertalong of the C￿any.
Name
Registered office or
wncipal plats of
Prir￿IpaI acbmty
Class of
shares
Holding
Fyson Education (L￿surel Reading Road, Yateley.
Limited
Hampshire. GU46 7UQ
Exploiting the
Scho(A's facilities and
the running of the
School Shop
Ordinary
Icx)%
ProfiVILossl Net assets/
for the year
liiatmtitiesl
Fyson Education ILeisuTel Linited
14.9621
1102.8531
Page 27

FYSON EDUCATION LIMITED
(A Company ￿rnited by (knranteel
NOTES TO THE FINANCLAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Debtors
2023
2022
Due within one year
Tiade debtors
Amounts owed by group uTrJertakings
Other debtors
136.583
127.300
92.845
58,424
58,424
356.728
16. Creditors.. Amounts faLbrrfJ due wthin one
2023
2022
8ank loans
Tlade creditois
Other tsxatK)n and Sockal security
other crediL(YS
Accruals and deferred incorne
1.325,699
74.463
62.176
175.586
1.252.517
1.470
118.276
92.434
212.180
2.890,441
2023
2022
Deferred income
Deferred income at I SeptemlH 2022
Reswrces deferred during Ihe year
Amounts released fr¢)m previous ￿r￿K15
L175.376
1.223.036
1,175.376
11,175.3761 (1,223.0361
Deferred income at 31 August 2023
1,175.376
Page 28

FYSON EDUCAMON LIM￿ED
(A ConN)any Limited by Cthranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
17. ￿mrnary of funds
Balance at I
September
2022
Balance at
31 August
2023
Income
Expenditure
General funds
1.962.078
3.432.413
15,244,869)
149.622
The general funds remaining will used by the chaTiiable company to advance the education of children
by providing arKI assisting wth the prowsion of educational resources arKt facilities and providing funding
for financh31 assistance for pU￿[S and wospective of YateLey Manor Schod.
18. Analysis of net assets be￿n fvn¢ts
Analysis of net assets between fiJnds- current year
Unrestiided
funds
2023
Total
funds
2023
Fixed asset investments
Cuffent assets
Creditors due within one year
361,800
(212.1801
361,8¢)0
(212.1801
Total
149.622
149,622
AnaLysis of net assets between funds. prior year
Unrestricted
funds
2022
Total
funds
2022
Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Currenl assets
Creditors due wthin one year
3.8(￿.000 3.800.000
2.541
2.541
1.049.976
1,049,976
12.890,44W 12.890.441)
Total
1.962.078
1.962,078
Page 29

FYSON EDUCATION UMITED
IA c￿nY ￿MIted by (knrantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
19. Reconciiiatson of net movement in funds to net cash flow from operating activities
2023
a)22
Net exrtnditure for year las w Ststement of Financk41 Acts"vrtiesl
11.812.456) 13.899.463J
Adjustments for
DeprecialK)n charges
AM0￿SaIlon charges
Impairment charge
Loss on the sale of fixed assets
Loss on the sale of lntangit￿e assets
Decrease in deblors
IDecreasel/increasè in creditors
Interest received
220.389
1.270
3,587,1(X)
28.610
2,541
298.304
11.352,562)
17.6931
86,726
n.883
(38.868)
<2.887)
40.611
Interest paid
Net cash used in operating activities
12.756,5301
119.965)
20. Analysis of cash and cash equNaients
2023
2022
Cash in hand
303.376
693.248
Toial cash and cash equivalents
303,376
693.248
21 Analysis of charges n net debt
Ati
September
2022 Cash tlows
At 31 August
2023
Cash at bank and in hand
693.248
1389,87J
IL325.6991 1.325.699
303.376
Debt due within l year
1632.45D
935.827
303,376
Page 30

FYSON EDUCATION UMrrED
(A Company Limited by i)Jaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
22. Pension commitments
Up to the date of sale the School participated in the Teachers, Pension Scheme I'the TPS") for its
teaching siaff. The pension charge for the year included C￿tributionS payable to the TPS of
£300.720 12022 - E353.5001 ar¥J at the year-end ENIL 12022 - £41.4351 was èccrLJed in respect of
contribulions lo this scheme.
The TPS is an unfunded multi-employer defined benefits pengon scheme governed by The
Teachers. Pensions Regulations 2010 las amended) and The Teachers. Pension Scheme Regulations
2014 las amendedl. Members contribute on "pay as you go" basis wilh contributions from members
and the ernployer b￿n9 credrted to the Exchequer. Retirement and other pension benefits are paid
by public funds Fyovided by ParbamenL
The employer Ccxntrlbut￿ln rate is set by the Secretary of State follov/ing scheme valuations
undertaken by the Government Actuary's Department. The most recent actuarial valuation of the TPS
was prepared as at 31 March 2016 the Valuation RerK)rt. wh￿h was published in March 2019,
confirmed that the employer cOntribub"￿ rate for the TPE wwld increase from 16.4% to 23.6°A from I
September 2019. Employers are also required to pay a scheme admirnistrat￿n levy of 0.08% giving a
total employer contriExJtion rale 23.68
Ouring the year. the staff of the Sch￿1 were transferred under a TUPE arrangement across to the
purchaser ofthe SctKd's asset
23. Operating lease commitments
At 31 August 2023 the Compary had commitments to make future minimum lease payments under
non-cancellable operating leases as follows..
2023
2022
Not18ter than l year
Later than l year and not ialer than S years
57.991
113.609
In600
The followng lease payments have been recogrmsed as an expense in the Ststement of Financial
Activities..
2023
2022
Cwating lease rentals
56.265
53,826
Page 31

FYSON EDUCATION UMITED
(A Company ￿Mited by Guarantee)
NOTES TO THE FINANCW STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
24. Related party trans￿lI¢)n$
During the year the School recharged expenses relating to payroll and othw costs to Fyson
Education ILeisurel ￿mIted. the subsidiary compary Fyson Education Limited. lotslling £89.061
022 - £111.5161. During the year the School transferred cash of £216.36112022 - £120.0001 to Fyson
EducatK)n {L￿Surel Limited. At the year end £103.41112022 - E230,411) vrds owed to the school by
Fyson Education ILeisurel Limited. vANch has been compleiely provided for al ihe year end as the
amount is deemed unrecoverable.
The Bursar. received the same temis as other n￿-rnanagement employees of the school. on
Iransactions with the schooL
25. Control￿ng party
The trustees do not consider thefe to be an ults.mate control￿"￿9 party.
Page 32