REGISTERED COMPANY NUMBER: 00624273 (England and Wales}
REGISTERED CHARITY NUMBER: 307937
REPORT OF THE GOVERNORS AND
FINANCIAL STATEmE￿s FOR THE YEAR ENDED 31 AUGUST 2024
FOR
BETHANY SCHOOL

BETHANY SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Page
Report of the Governors
Report of the Independent Auditors
8 to 10
statement of Flnancial Activfties
Balance Sheet
12
Cash Flow Statgment
13
Notes to the Cash Flow Ststement
14
Notes to the Financial Statemonts
15 to 27

BETHANY SCHOOL
REPORT OF ThE GOVERNORS
FOR THE YEAR ENDED 31 AUGUST 2024
The govemors who are also directors ofthe ¢harity for the purposes ol the Companies Aci 2006. pre¥ent their report
the financial statements of the charity for the year ended 31 August 2024. Tle govemors have adopted the provisions of
Accounting and Reporting by Clarities." Statement of RecomffÉnded practi￿ appli42ble to charities preparing their
accourtts in accordance with the FinancAal Repoiting Standard appli12ble in Ihe UK and Republic of Ireland (FRS 1021
leffectsve 1 January 2019}.
REFERENCE AND ADMINISTrATIVE DETAILS
Registered Company number
00624273 (England and INalesl
Registered Charlty number
307937
Registsred office
Bethany School
Curtisden Green
Goudhurst
CRANBROOK
Kent
TN17 1L3
Trustees
The Governors, who are also the Directors for the purpose of company law, who served during the year were:
J M Fenn LLB
WSKent
K Buckland 8A FCA
R C Clark BA MD IEdl
N P ￿mber Bsc FCA
A Cunningham
P B Askew
L Roberts
E Connell
Harman
D Shaw
G Power
A Scott
M Kellett
P 8ateman
- ChaiTman
- Vlce Chairman- resigned on 31108124
- Treasutei
- Vice Chainnan from 31108124
- reswJned 31fvJS124
- resigned 31J08r24
- resigned 16111f24
- appointed 01112r23
- appointed 16111124
Headmaster
F Healy Bsc HDipEd NPQH
Bursar and Company Secrelary
C Morey BA (Hons) ACA
Audstors
TC Group
Stslulory Audf(ors
The Courtyard,
Shoreham Road
Upper Beeding
steynin9
Vvesl SU￿eX
BN44 3TN
Page 1

BEfHANY SCHOOL
REPORT OF THE GOVERNORS
FOR ThE YEAR ENQED 31 AUGUST 2024
REFERENCE AND ADVAINISTRATIVE DETAILS
Solicitor¥
Wainets Law LLP
16 South Park
se￿nOaks
Kent
TN13 1AN
Inve¥lTrtent Advisors
Rathbone Investment Management Limited
Port of Liv¢TpooI Buil¢Ying
Pier Head
Llverpool
L3 1NW
Banker5
Naticsnal Westminster Bank
LongfDrd House
19 Mount Ephraim
Tunbridge We118
TN4 8AE
STRUCTURE, GOVERWICE AND MANAGEMENT
None of the Governors has any beneficial interest in the curnpany. All Governors are membefs of the company and
guarantee to contribute £1 in the event of a wnding up_
The Board of Governors meet once per term, with additional meetings when required. The mairl Sub Committee of the
Governors is the Executive CornmittèÈ, which fomied foliowng an AGBIS review of Governance and rèplaces the
anagement Committee. The Executive Ccnmittee meeLs 0￿ a moth to discuss the day to day mallers COn￿med
with the running of the School. DAajor rtems are passed to the Main Boaffi for discussion, wlh the Executive Committee's
rec￿nMendaknOns. Cuffenvy J Fenn (chai￿nan}. A Cunningham (VI￿ Chairl, R Clark. K Bud<land and N Kimber sit on
this Committee, along with Ihe Headmaster and Bursar.
Other pernianent Sub Committees include the Edueation Committee. the Marketing and Development Committe8, ICT
Commlttee and Eslates Committee. The follomng School Committees, whhch have Govemor representsti￿, mel during
the year..
Heatth & Safety Cornmitt68
The Day to Day running of the School is deJ8gated to the Senior Management Tearn, the members of which are..
Headmaster, Deputy Head (P8Storall. Deputy Head IAcademic}. Bursar, Director of HR and Director of Markeling &
Admissions. The Headmaster and Bursar attend Govemors and EYecutNe Commiitee meetin9s. All the senior
manag6ment team attends every fvll board meeting.
RECRUITMENT, INDUCTION ANO TRAINING OF GOVERNORS.
Appointhienl and re4ppointment of Governor5
The ArtsGles ol Association all¢)w for there to be be￿een seven and Nventy appoirrted Governors. There are currently ten
governors on Ihe Boaid. Govemors are appoinbl by the existing Board members in the fiTSt instance and they are then
formally elect￿ at the next AGM. One-third ofthe Governors a￿ ￿￿lected each year.
Tralnlng
During the year. the Gov6mors were trained in safeguarding. Bullying & Harassment and have undertaken online tr8ining
using Educare CoU￿es. All Govemors are rnade ayrare of other btiefing dDcumen15 provided by AGBIS, ISBA and other
recognised bodies.
Page 2

BETHANY SCHOOL
REPORT OF TrIE GOVERNORS
FOR THE YEAR ENDED 31 AUGUST 2024
SENIOR MANAGEMEKf PAY POLICY
In line with pay for all staff. the Senior Manag&menl pay is detemiined by the Govemors. In de￿dIng the 18vel of
remuneration. the Committee take into account, amongst other things, the Cu￿ent market demand lor teachers, the
financial strength of the School, th? ecunomic outbok, the performance of the relevant '
individuals, and the 'going rate lor
remunemlion, of senior management in the knc21 wwjependent school matfret. Oetsits of key management personnel
are shown in note 10 ofthe accounts.
EMPLOYPJIENT POLICY
The School is an equal opportunities enployer. Full and fair consideration is given to job applic8tions from disabled
persons and due consideration is given to their training artd employment needs. Consuttation with employees h85
Continued at all levels with the aim of lakir)g their v(ews into aGcount when decisions are made that 8re likely to affect
their interests. A fttll $taff suroey of their Yiews is conducted annu81.'y and points ra￿ed are discussed 2nd where P08sible
actioned.
CHARrfABLE OBJECTS
The objects ofthe School as set Dut in the Ath"des ofAssoc48tion 8re +0 advance the education of boy5 and giHs by the
provision of a sd)ool or schools based on a Strong Christian foundation and tolerant of other f8ith5. The Govemors
reg8rd the reference to toleration of other faTths as including tolerdtion of no faiths. They also regard the referenc8 to
boy5 and girls as extending to all childrèn, however they hlèntrfy themselve5. In setting the Sthool's objecttves the
Gov&mors have given carefijl con5ideffation lo the Charity Commission's peneral guidance on public benefit
AIMS AND OBJECTIVES
The School provldes education to children 8fkd is committed to providirs young peopk with an education for life In a
hanging world.
11 our policy for the School to help pup'.Is achieve their highest academi¢ poiential as well as providing an
extra-ourricular programme whith aims lo develop ￿[￿40n9 inlerests and to help build self-confidence and a desire to
contribute to the commLnty.
The School awns to play ts part in the wider commtsnity induding maklng facilrties available to selected outside bodies.
where possible arKI s(¢bjectto any ptanning Coftstrairrts.
The School aims to give means-lested finanaal assistan￿ to the parents of some pupits who rnight othemise find the
fLfll fee a limiting factor to gending the4r chitdren to the School. In conjunction with this aim. the School continues lo
develop its Design*ed Funds.
The SGhool aims to buikl relationships wtth educats.onal estsblK%hments in the Maintained Se¢tor.
Whilst the physical development of the School is regulated by the Planni￿ 8uthontiès, the School is consciou8 of its
imp8Ct on the local community and remains sympathetic to any relevant points made by them.
PRINCIPAL ACTIVITIES OF THE YEAR
As already stated, fhe School advan￿ the educatrjn of c4)ildren by fhe provision of a school based upon a strong
Christian foundation and tolerant of other faiths.
Page 3

BETHANY SCHOOL
REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 AUGUST 2024
ACHIEVEMENTS AND PERFORMANCE
In thè 2023-24 school year there were af) average o13&1 pupils in ihe school lin 2022-23 there were 3491 of whom 62
were boarder5 lin 2022 there wère 671. There were 71 pupils in the Sixth Fomi. Boarding pupils a￿ primarily British,
although there were a number from overseas countries and these Y￿re largely from EuroFe, Africa and the Far East.
It is dear that the school's promolion of wellbeing artd happiness strd(38 a chord w¢lh prospecbve parents, coupled with
the last ISI inspection re5UIl in Apnl 2023 where the sdiool was ¥ated as Excellent in both academic and other
achievernents as well as pupi15' personal davelopment. The whale Bethany wmmunity was immensely proud ol these
achievements. As a result, Year 7 intake has been strong wnpared to other GomFeb"tor SGhools against a challenging
dimate for all Independent Schools.
ThÈ ratio of boyg lo girls ￿MaInS at 2..1. We were (once again) delighted with this yeafs GCSE and A Level results which
were terrific and compared very well to 2019 as national results were also compared against :his benchmark. Grades at
both A Lev81 and GCSE were well above nalional norn￿. despite an ability profile at GCSE in line witr the national
average and that at A level below.
As usual all Df the pupils who ivished to go lo university gained enty to their preferred ￿a￿S of study. Gwen the breadth
of curriculum that we offer ai A Level, we were iaturdlly delighted that our uealive and artistic pupils were On￿ again
able to pursue their tslenls in their chosen destinations.
Once again, our GCSE and A lev81 pupils were incredibly well supported by our dedicated staff and th8y also wotked
exiremety hard in tsndem with ttle pupils, whith enabl&J such great su￿esseS lo be oblairled.
Bethany has int8ntionally kept its rang8 of GCSE and A Level subjeLts broad. so that we can meet the ngeds uf our
creative and artistic pupils.
We were pleased that we were able to hold our annual chanty walk in September. with pupils raising a record grand totsl
of £6.242 for charities nominated by each year gfoup. We also losted our annual 5POrts aftemoon the same monlh.
We had our first Open Moming oflhe year in September whth was very ￿Ell attended.
Many of tt)e much4oved school events tQDk place Ihis year, for example the Friends of Bethany School lour own busy
pa￿nts, assoaationl organised a mtsst suc£essful disco for pupjls in Years 7 to 9 in the Assembly Hall in November and
a Comedy night in October as well as SLSPPOt1ing the many school events supplyng drinks and snacks for the attÈndees
Both the Christmas Concert and ChrKStmas Carol servi￿ were vftll attended. of our 7 year groups had
sch()014ased Chtistmas parties before the end oftemi.
The Duke of Edinburgh Award Scheme conb.nued apa￿ with 8 record numbÈr of pupi15 taking part at Bronze, Silver and
Gold award 18vels. The ￿ntral Christian ethos of the school wtts maintsined with all of ou-, pupi15 attending weekly
cttaF61 semces. The professional developM￿t of stsff conlinueg, with fijrthef sharing of experbse in tetms of IT and
MI￿Osoft Teams, a5 well as the inLroduction of teachers vtdeoing themselves in lessons so that their practicè could be
constructively anatysed by both themselves and t4)Ileague5. It is a coninued desire at Bethany to continually improve
and evaluate teachin9 and leaming as this maximises thÈ pupils, leaming experiences al Bethany.
Sport continues lo be an important part of school life not onty Greating shared passions but also actively promoting team
building 8kills. More than ever we are creattng sporting opportunibes, including matches, coached by experts in their
chosen sport, lor as many pupils as possible. Resulb are improving as Bethany grows its name in the school sport
arena.
As always many axcellerit trips look platè across the year ranging from geography fieldwork lo M8th'g challenges b trlps
lo theatres for English, Media, RS and Dan￿ as well as the ski trip to Austria, football lour to Malaga, Enrichmerrt we2k
including trip5 to eewl Water, Port Lympne, Leas Castle. Hary Pottef Wodd. Bedgebury and Thotpe Park amongst the
hiohlights. Trips GulminatÉd with 8 On￿ in a ￿le lime trip lo Tanzania for 12 pupils who had the DPPOrtunily to aid local
harities to support local projects induding a bit of much needed rest and recuperation at the end. Two mernbers of stsff
gave up three weeks of their summer holiday to accompany the puw'ls on this trp which created lifelong happy
memries.
Onr* again Bethany has beèn awarded Micr050ft Sh(awc£se stalus" we remain amongsl a small number of schools who
have been successful in the applicatson.
Project Based Leaming has now been embedded into the Key Slaoe Three cUrr￿ULum. In these projects, pupils locus on
the development of learning skills rather than knowledge, so that they undefstsnd why the knowledge they are leaming Is
required ift real lifr situats'ons. Our Year 8s wied out a project tc design and cost a vision of the old swimming pool area
which Is now filled in followng the building of ile Pengelty PerfOrmafj￿ Cenire.
Page 4

BETHANY SCHOOL
REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 AUGUST 2024
ACHIEVEMENTS AND PERFORMANCE - contlnued
On the pastoral frDnt we were delighted to be ￿-￿TrA,a￿ed the Wellbeing Award last year. Et reflects the school'5 efforts to
Support the pupit5' and staff wellbeing. Congratulation¥ Specifi￿llY go to our Wellness Cer7tre and pastoral teams
induding the Dyslexia Learnin9 Support leam for their exceplionalty hard worf¢ in supporting our pupils and staff.
Overseas pupi19 also enjoy support WTth leaming English as an Addibonal Language (EALI to enable them to fvlty
engage in ou* varied and full (￿rriculUm.
Finally 8 huge number of talented pupils took lo the stage. for the last time in thè Asstsmbly Hail, to give us the whole
school production of D2p.rAng Queen. The pmduction was a great SUC￿$$ all round with the Headmaster quoting 'ttwas,
in my opinion, the best School production everf. not bad after so many years at the school. We very much look foward to
the next production taking place irk the new Pengelly performan￿ Centre {or PPC for shortl.
FINANCIAL REVIEW
Th& School principally rdises its ￿ftds from fees and related 8cINib"es and has not engaged in appeats lor many years
until recenuy for the new Pengelly PerforrnanGe Centre. Up until now developments have either been financed from
surpluses after ordinary expenditure. or by borroviin9 under strict rules to ensure that even in the fa￿ of a significant
nats'onal financial crrsis leaduw to a downtum in PLbpiI numbets. the borrowng could be repaid.
The School generated total income of £8.76 million during the ye8r12023= £8.12 millionl, of which £8.56 million was
general￿ from school fees12023- £7.75 million). Expenditure totalled £8.93 million12023.' £8.44 million) which, in¢luding
losses on investments of £76312023- Ioss of £5Qk}, gave a defiryfr for the year of £173k (2023.. deficit of £367k)- Before
dep￿CIatiOn the surplus was £358k 12023." £84kl. M￿h of the increased expendrture arose from higher energy costs,
having come out of a previously favourable deal. plus other inflation and in-
arketing.
-reas&s in njnning rosts for transport, IT and
Total funds at 31 Augusl 2024 were £16.30 millii)n {2023.. £16.47 million). of which £1.55 million were held in the
desunated and restricted fund$ (2023: £2.83 mitlionl.
Reserves Pollcy
The School holds It)tsl unreslricted reserves of £14.75 milwon (2023: £13.64 million), indude tsngible ￿ed assets
of £18.44 million 12023.. £13.85 rnillionl aThJ long-tem bank 103lls of £2.14m 12023.. £610kl. Ftxed assets include
resiclenti31 properties and, should it be ne￿¥sary to call upon these. the houses coubj be sold indwidually without
delnrrsenl lo the School's operations.
The Governors have agreed lo maintain on8 tem's worlh of working c&FKial wherever possible.
Investment Powers. Policy and Perfomianea.
The Artic1&5 of Association give the Schooi wide invesbnent powers. The School's investments in quoted shares formed
part of the Chri¥topher Jackson Fur.d. Rathbones Investrnerrt Management were appointed to manage Ihis investment
portfolio for the School. The investrnent in quoted shares was disposed of in the year ended 31 August 2024 to help fvnd
the development of the Perfrjnning Arts Centre.
Note 15 provides detail of investsnent movements during the year. Invests￿1 Performan￿ was in line with the Sthool's
objectives.
Bursary Policy
This ye3r the School awarded scholarships, bursaries and discounts of £871k (2023: £760k) which represented 9.50k of
gross fee income12023: 10.60/y). In 8ddition. the school provKled some hardship ftjnding for thos- pupils who are paid for
in full as part of an humanitarian need. The Govemor5' poficy, in line wlh that of most other independent schoo15, È5 10
award Scholarships based on abilty and buTraries based on need.
All Bur8aries are means teste(l on application by an extemal assessment o)mpany.
Asset cover for funds
Note 26 sets out an analysis of these assets attrtjutsble to the various funds and a desortptÈon of the trusts. These
assets are SUffi￿ent to meet School's obligations on a fund by fund basis.
Page 5

BETHANY SCHOOL
REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 AUGUST 2024
Risk Management
The Governors are responsible 'Lor the management of the risks faced by the School. Risks are identified, assessed and
ontrols established throughout the year. The Board reviews the full Risk Assessmenl annually in March, and Risk 15 a
standing ilwn on the agenda for other Board Meeting5 and 311 Executwe Committee meetings.
The Govemors consider the major potential nsks to the School to be".
Challenging economic and political environments, including the inlroduction ol VAT on private tuition, adversely
affecting pupil numbefs, inflationary impacts and fee level&
Loan financing challenges.
Impact of financial chaltenges on pupil recTuiknent and ￿tention.
Inflationary pressures on ￿rtairt costs_
Competition from both independent and state schools for pupils
Ensuring Safe4Juarding and Inspection in an bncreasingly regulated environment.
Affordabilty of site developments and improvemènts.
The key controls used by the School to mitigats rsks vicbjye:
Strategic planning and scenario setting.
Comprehensive stralegic planning, budgeting arKI management accounting.
Fomi31 agenda for Committee and Board activibe&
Detailed Temis of referen￿ for all Committee5.
Established organisational structure and lines of rep￿ting.
Fomial written policies
Clear authorisation and approval leveS$.
Safer recrurtmenl as required by Saw for the prolection of the vulnerable.
stsff training, Child Protection and safeguarding.
Robust balance sheet asset rich.
Through the risk management proGesses establishe(S by the Sthool, the Govemors are s81isfied that the major risks
identFfied have beon adequately mitigated where ￿e￿$Sary. 11 is recogrised that the systems can only provide
reasonable but not absolute assurance that major risks have been adequately managed.
COMMUNITY LINKS AND ThE PUBLIC BENEFIT
The school continued to improve Tts links the local community. Our Friday aftemoon enrichment programme
ensured that the oU￿e of Edinburgh Awa￿ Sclene pupils a5SiSted the local community in a range of services. A
vanety of charities benefittec from fundraksing activities of Bethany pupils during the year. Thesè included.. Marden
Foodb8nk. Ma(Jnillan. Jessie's Fund, Connie Medical Chair. Tanzania ￿.anties, R8d Nose Day, PorthlwJht and Save thè
ChildretL The Charity Walks supported Mind, Brain Tumour Charity. Demelza Hospi￿ care and Stop the Traffik,
We were delighted that our arknual sumrner sehools retumed in Juty arHI Au9usL We continue to offer the use of school
facilities for many local s¢hools and cxjmmunity clubs both during the day and in the evenings. induding loaning one of
our local schools a bus and driver until their replatsment txts aTTived. having had theiT own one writtèn off in an accident.
The School offered 9.5% of its lee income in Stholarships. ￿Tsar1e5 and Fees subsidies.
Pupils re￿iVed Means Tested Bu￿arieS ranging fr(wn 10% awarded to a fv51100Yo for our pupils from war
tom counlri&s.
PLtpil3 re￿Ived a Sibling Discount (100/01.
Pupil3 ￿￿1Ved Sc*o13rships - Academic. Art, Dance. Drdma. Music, Qkarna Sport and Technology which
ranged from 10-20% of fees.
Pupil received Services or Clergy bursary (IODA).
One teacher and one govemor act as governors foi IoGal primary schools.
65
91
Page 6

BEfHANY SCHOOL
REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 AUGUST2024
DEVELOPMEwf AND FUTURE PLANS
Following the 9ranting of planning permission for the Pengelly Perfr)mianrÈ Centre IPPCI in July 2020, a fundraising
appeal, which was sel up in January 2021, had an initial fundraising target of £800,000. Thi5 has been stsrpas*l and
raising over £1 million to help luftd the construction of the PPC. Construxion was largely completed in August 2024 and
il will be operation by September 2024.
maintenan￿ was carried out to existing buildings. and this iThJuded trrtjt was not lirnited to...
Refurbishment of the Mount boarding house bathrooms. a r￿n¢￿je1 inside 8nd deGoratton throvghoul.
RepEa￿ment astro turf surface
Reftjrbishmenl of ￿ys, and girts. toilets near the dining room
Origoing refurt)ishmenl of the various restdential properties
New boilers in various areas of the site
Repair and renewal of many doors and window3.
Much needed roof repairs, LED lighting and a rEw gazebo for pupli s. ktndty donated by the FTiends of Bethany
SGhool.
REPORTABLE INCIDENTS
During the y68r there have been no inriderrts whK* required nottfication to the Charity Commission.
STA TEMENT OF GOVERNORS. RESPONSIBILITIES
The govemors (who are asso the directors of Bethany School for Ihe purposes of company law) ate responsible for
preparing the Report of the Govemots and the finanaal statements in acCOrd8n￿ vAth applicable law and Unitéd
Kingdom Accounting Standards Iuniled Ffjngdom Gene￿lY AC￿pted Accounting Practiol.
Company law requires the govemors to prepare financial statements for each finanoal year which give a true and fair
view of the state of affairs of the charttsble oynpany and of the incoming resoUr￿S and application of resourts8,
including the income ar*d expenditure. of the charitable company for fhat period. In prepariTrJ those financial Stat￿ents,
the govemors are requi￿￿ to
Sele￿ surtable accounting and then apply them consisterrtty:
observe the rnethods and principle5 in the Charity SORP."
make I￿gements and estimates that are reasonable and Pr￿le￿I.,
prepare the financial st31ements on the going concern basis unless li is inappropriate to presume that the ¢harilable
company wlll wntinue in business.
The govemors are responsible for keeping proper araxsunting ￿COrdS ￿lch disdose wifh reagonable accur3cy al any
lime thg finanGial posits'on Df the tharitsble company and to enal￿e them to ensure that the fin8naal statements oomply
with the Compantes Ad 20Cfj. They are also responsible for safeguarding the assets of the charitable company and
hence fortsking reasonable Stsps forthe preventton and deteciton of fraud and other iFregularitses.
In so far as the govemors are aware:
there is no relevant audtt infornation ofwhth It* charitable company's auditors are unavrdre,. and
the governors have taken all steps that they OUg￿.t to have taken to make themselves aware of any relevant audit
infomalion and to establish that the auditors are awa￿ of that Informaticfft.
AUDITORS
The auditors, TC Group. will be proposed for re-appointrnenl at the forthcLMniry Annijal General Meeting.
Report of the
overnors. incorporating 3 strategi¢ .TPLYL approved by order ot Ihe board of govemor5, as the comFÉny
directors. on .. %. .-4W.Hek5Gits.' L¥.. and signed on the boord's behalf by..
Page 7

RÉPORT OF THE INOEPENDENT AUDITORS TOTHE MEMBERS QF
BETHANY SCHOOL
Oplnlon
We heve audited the financial statements of Bethany sth￿l (the 'chattsble company.) for the ye8r ended
31 August 2024 which comprise the Statement of Finanaal Activilies, Ihe Bafjan￿ Sheet, the Cagh Flow Statement and
notes to the financial statemen15, induding a summary of significant accounting policies. The financial rewriing
tramework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards
(United lfjngdom Generalty Accepted Accounting Practi￿1.
In our opinion. the finana81 statements..
give a true and fair view of ihe 5tste of the chfiritable companrfs afPait5 as at 31 August 2024 and of its illCOTlling
resOu￿S and application of resources for the year Ihen ended"
• have been propedy prepared ift accordan￿ with United kngdom Generdlly A￿pted Accountsng Practice.. and
have been prepared in aCCo￿ance with the requirements of the Companie3 Aci 2006.
Basls for opinlon
We conducted our aud¥t in accordance with Inlemational Stsndards on Auditing (UK) IISAS {UlQl and applicable law. Our
responsibilit￿ under those standards are ￿rther described in th8 Audilor5' responsibilities for the audti ol the financial
statements section of our report. We are independent of the tharitable company in aCCOFdance with the ethical
requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standard.
gnd we have fulfilled OUT Other eknical responsibilili8s in &c￿rdanCe with these requirwnents. We believe that the audit
evidence we have obtsined is s¥fficient and appropnate to provide a basis for our opiniim.
Conclusions relating to golng conoern
In audtung the financial Ststemeits, we have concluded that the govemors. use of the going concem basis of accounting
in th& preparation of the financial statements is appropriate.
Baged on tre work we have perfomied, we have not identified any material uncertainties relating to events or conditions
that. individually or collectivety.. may cast signifiGant doubt on the charitablg company's ability to continue as a going
Goncem frjr a period of at least Iwelve months frc#n when the financial stalements are authorised for issue.
Our responsibilibes and the responsibilities of the govemor5 With respec* to going r￿n￿M are descrlbed in the relevant
sections of this report.
Other Inforn)ation
The governors are ￿SPor￿¥bIe for the other infomation. The olher information ts)mprises the infomiatyon included in Ihe
Annual Report. other than the finanaal statements and our Report of the Independent Aud(tors thereon.
Our opinion on the financial statements does not cover the olher infomation and, ex￿pt to the extent otheNise expliciuy
staled in our report, we do nol express any form of assurance condusion thefeon.
In conneth.on with our a￿lit of1he financial statèmen15, responsibilrty is to read the other information and, in doing
so, ￿nShIer whether the other Infomation is materially inconsistent with the finanaal Statements or our knomdedge
obtained in the audit or othemse appe3rs lo be Mate￿allY misstated. If we idenb.fy such materid inGonsist8noes or
apparent material misstatemènts, we are required lo detemiine whether this gives rise lo a material misstatement in the
finanGiaS statements themselv￿. If. based on Ihe work we have pertom)ed. we conclude that there is a material
misslatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Oplnions on other matters prescribed by the Companies Act 2006
In our opinion, based on the woth undertaken in the course of the audil".
the information given in Ihe Report of the Govemors for the finatKial year for which the financial statements are
prepared 1$ consis*nl with the financial st8ternents' and
Ihe Report ofthe Governors has been prepared in aCrnrdan￿ wilh apwlicable legal wuirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the thdritable C4)mpany and its environment obtained in the course of
the audit, we have nol identified material misstatements in the Report ofthe Govemofs.
We have nothing lo ￿pOrt in resFeCt ofthe following matters where the Companies Aci 2006 requires us to report lo you
if, in our opinion..
equate aoxunting recurds have not been kept or returns adequate lor our audit have not been received from
branches not visited by us., or
the f nandal statemanls ale not in aoreement with the acrnunting records 8nd returns., or
c2rtain disclosures of govemors. remuneration s*cified Dy law are not made", or
we have not received all the information and explan81ion5 we require for our audiL
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BETHANY SCHOOL
Responsibilities of govemor5
As explained more fully in the Statement of Govemors. Responsibilities. the gDvemor5 (who gre also the directors of the
charitable company for the purposes of company law) are responsible for the preparation of the financlal ststements and
for being satisfipd that they give a true and fair view. a￿1 for such intemal control as the govemors detemiine is
ne￿sary lo enable the preparation of finanGal statements that are free frrKn material misstatemen( whether due to
fraud or error.
In preparing the finan￿81 statements. the govemors are respon¥ibte for assesslng the charitable company's ability to
continue as a going ¢onr*rn, disclosing, as aFpli(zble, matters related to gging concern and using the going Concem
basis tsf accounling unless the governors either intend th liquidate the charitable company or to ￿*se operations, or
hav& no realistic altemafive but to do so.
Our responsibillties for the audit of the financial statements
Our objectives are to obtsin reasonable assu-. a.ice about whether the financial statements a5 a whole are free from
material misstatement, whether due lo fraud or efrer, and to Tssue a Report of the Independent Auditors thal indudes our
opinion. Reasonable assuran¢e is a hKJh ievel of assurance. but is nol 8 guarantee that an audit conductèd in
accordance wth ISAS {UKI will always detect a material misststemenl when ri exists. Misst8tem8nts can arise from fraud
or evor and are considered material rf. indNidually or in the aggregate, they could reasonably be expected to Influance
the economic deoisions of users taken on the basis of these finan￿al sta%ements.
The extent to whith our procedures are Capab￿ of detecting irregularities, induding fraud is detailed below.
The objoctives of our audrt. in respect to fraud, are= to identify and asse5S the rtsks Df material misst*ement of the
financi31 statements due to fraud., lo obtsin Sufficient appropriate audit emdence regardin9 the assessed risks of mater*81
missiaternenl due to fraud. through designing anrl irnplemer.ling appropriate ￿SponseS,. and lo rospond appropriately lo
fraud or 5U5pected fraud ideytified during the aJd￿ However. the primary responsibilty for the prevention and detectio
offraud rests Mrith both those charged wth govemance of tbe entity and tts management
Our approach was as follows."
- We identifièd a￿a8 of laws Ènd regulatioA5 that could reasonably be expected to have a material effect on the financial
statemen15 from our generel comFr.ercial and sector experience. and through discussion wtth the governors and other
man8gement las required by auditing standards), and discussed wth the governors and other management the polic4es
and proeedures regarding compliance wth18ws and regulations",
- We identified the follow￿n9 areas as those most like* to have such an effecL. health and safety. General Data Protection
Regulation IGDPRI,. frayd., bribery and corL'ption, sthojl in$peclions, keeping childff n safé in education (statutory
gUIdan￿), DBS checks. employrnent law and K*ping Chiklren Safe in Education under section 175 of the Ed￿￿tiOn
Act 2002. Auditing standards linit the required audtt prO￿dUreS to identfy non-compliance with these la￿8 and
regulations to enquiry of the 9ovemors and other management and inspection of regulatory and legal correspondenr2, ir
any. The identffjied actual or suspected non-complian￿ was not sufficienly significant to o(tr audit lo result in OLir
response being identified as a key audit matter.
- We considered the le9al end regulatory framewoths directty applir2ble to the finanaal statements ￿pOrting frarneworf(
IFRS 102 and the Companies Act 2006 and the Charilies Act 20111 and the relevant tax Comprian￿ regutations in the
- We considered the nature of the charitable ctmpany's operations. the control environment and business performan￿.
We ¢ommunicated identified laws and regulati¢M fhroughout our tsam and remained alért to any indications of
non-compliance throughout the audit-,
We considered the procedures and controls that the charitsble company has esfabltshed to address risks identilied, or
thal otherwise prevent. deter and deteet fraud," an(J how senior management monitors those programmes and controls.
B88ed on this understsnding we desi9ned our audit procedu￿S to identify non-ccfftp11an￿ wrth such laws and
regulations. Where the risk was consioered io be hwJher, we perfomied audit procedures to address each identified fraud
risk. These prO￿d￿re$ induded= tesb.ng manual joumals- revIe￿n9 the financial statement disdosures and testing to
supporting documenlation" perfoming analytical procèdures.. ana enquiring of manag￿)ert and were deslgned to
provide reason2ble as$uran¢e that the financial statements were free frotr. traud or ertor.
Qwing to the inherent lirnitsb.ons of an aLFdiL there is 8n unavoidable risk that we may not have detected some material
misslaternents in the financi81 stalernenls, even though we have proyerfy planned and performed our audit in accordan
wfih auditing standards. For examFle, the hjrther Rmoved non-compliance with law5 and regulations {irregularities1 is
from the events and tr8nsa*ions reflected in the fir.8ncial ststefflents. the less likely the inherenuy limit￿ prO￿d￿re5
required by auditing standards would identify it. The risk is also greater r8garding irregalarities occurring due to fraud
ralhef than 8rror, as fraud involv&s intentional concealment. forgery, collusion. omission or Misrep￿e￿Iatl0ll. We are not
responsible for preventing non-wnpliance and cannot be expected to detect non-complian￿ with all laws and
regulallons.
A further descriptlon of our responÈibililies for the audit of the finan￿al ststements is located on the Financial Reporting
Counal's website at wm.frc.org.uklaudlto￿re5p0n$￿j1lItieS. This description fomis part of our Report of the Independent
Auditors.
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ETHANY SCHOOL
Use of our report
This report is made solely to the charrtable cx￿panY'S members. as a body. in accordan￿ ¥￿th Chapter 3 of Part 16 of
the Companles A¢t 20¢￿. Our audil work ftas been undertaken so that we Tlli9hl state to the charitable company's
members those m311ers we are required to stste lo them in an auditors, report and for no other purpose. To the fullest
exienl pemiitted by law, we do not accept or assume responsibility to anyone olher than th.e charitsbÈ ¢ornpany and the
charftable compan*s members as a body, for our audit worK for this feport, or for the opinions we have fofmed.
Mark Cummins FCCA (Senior Slatutory Auditor)
for and on behalf ofTC Group
Statutory Audilo
The Courtyard.
Shoreham Road
Upper Beeding
Steyning
Wesl Sussex
BN44 3TN
Page 10

8EYHAP4Y SCHOC
srATEMENTOF RNANC1ALACTm￿ES
IINcOIRPOFW￿￿s AN INCOAIE A14D ExpeNOITUREACCOUN
FQR ThEYeAR ErtDED 31 AUGUST2024
TO￿
INCOmEAND￿W1Tg1tsFRcII
02nakn ar41e9ti
Gift
116Mi4
842&
8.421.34
36M7
7PO.704
161.7
Td
a757
.117*1#
E￿lTURE0￿
8gR$37
l.N7
8.84160
3.512
To
&011537
8m3.ZJ7
ts
1JS
150.1ur)
11SSJ15J
72rn
{IR
27
I1258￿1)
i.Kq246
u275￿3￿)
rth7.31*1
Totallwts brDuthtforw4rd
14fj41,819
Il47ty158
1IBST.467
TOTALFUNLtsa4RREO FORWA￿)
CONMNUING OPERAnONS
Al Irtc￿e loi thÈ otrsodgrfr re￿9)Eed Ni clthtr(7ThpaWs*AAknp6 are c4sgTtyJ Tr51ate￿I oFfirnnr41 wlhtr
P8Q8 11

BETHANY SCHOOL
BALANCE SHEET
31 AUGUST 2024
2024
2023
Noles
FIXED ASSETS
Intangible assets
Tangible assets
Investments
InvestmEnt property
13
14
15
16
36,219
18,443,091
33,570
13,852,061
1,250,872
650,000
650,000
19.129.310
15.786,503
CURRENT ASSETS
Stocks
Deblors
Cash at bank
24.473
2,816,890
5,055 248
13,750
2,199,387
3.897 829
18
7,896.611
6,110,966
CREDITORS
Amounts falling due within one year
20
(6,351,444)
14,997,482)
NET CURRENT ASSETS
1,545 187
1 113,484
TQTAL ASSETS LESS CURRENT LIABILITIES
20.674,477
16.899,987
CREDrroRS
Amounts falling due after more than one year
22
14,376.916)
1429,8341
NET ASSETS
16 297.561
16470153
FUNDS
UnreslriGted funds
Designatsd funds
EndowmEnt funds
14.745.075
1,551,139
13.641,829
2.826,977
28
TOTAL FUNDS
16,297 561
16,470,153
The financial stalements w2re approved by ttE Board of Govemors and authoii&ed for issue on
. and were signed on its behall ty..
M Fenn,- Govemor
Reglstered Company number
00624273 IEng18nd and Wales)
The notes fonn part ofthese financial statements
Page 12

BETHANY SCHOOL
CASH FLOW STATEF4EENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flow¥ from operating actTVities
Cash generated from operations
3.446,419
373,244
Net Gash provided by operaling activities
3.446.419
373.244
Cash flows from investing activtties
Purchase of intan9ible fixed assets
Purchase of langii18 fixed a$5et5
Oisposal of tangible fixed assets
Sale of fixed asset investments
Interest r￿1Ved
Dividends received
16,6601
15,261,038)
139,184
1,250.108
51,803
9.478
{33,5701
{1,656,8491
9,750
2,479
49,365
Net cash used in Investing 8clivityes
3,817.125)
1,594 1371
Cash flows from financlng Actsvlties
New loans in year
Loan repayments in year
Income attributable to endowment
Expenditure attributable to endowment
2.137,958
I609.￿3)
(175.020)
22.844
22.136
Nel cash providèd byl(used in) financing athities
1.528.125
174,312
Change in cash and ¢ash equivalènts in
the reporting period
Cash and cash equivalents at the
beginning of the rèporling period
1,157.419
11,395.205)
3,897.829
5.293.034
Cash and cash equivalents at the end of
the reporting perlod
5.055.248
3 897,829
The notes fom part ofthe5e finanryal ststements
Page 13

BETHANY SCHOOL
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
RECONCILIATION OF NET EXPENDMJRE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net expendlturg for the reporting perlod las per the State¥nent of
Flnancial Activities)
Adjustments for
Depreuation Cha￿eS
Losses on investhents
Lossllprofill on disposal of fixed assets
Interest re￿nIed
Dividends received
Income attributable to endowment
Expenditure attributsble lo endoNwnent
Increase in stocks
Increase in debtors
Increase in creditofs
1172,5921
1367,3141
531435
763
3,400
151,8031
{9,4781
451,415
49,971
(9.750}
(49.3651
{34,68BI
122.8441
22,136
{10,723)
{617,503)
3,772 920
11,929.6341
2.263,318
Net cash provided by operallon8
ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.23
Cash flow
At 31.8.24
Net cash
Cash at bank
1 157.479
S,0￿,248
3 897 829
1.157419
5 055 248
The notes fom part of these fmancial 6tat8ments
Page 14

BETHANY SCPIOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
CHARITY INFORf41ATION
Bethany School is a charitable company limited by guarantee in￿rporated in England (charity number 307937,
company number CMJ6242731 and operats fram its registèred t)ffic* Curtisden Green, Goudhursl. Kent TN17
1LB.
ACCOUNTtNG POUCIES
Basis of preparing the financlal statements
The ffinancial statemenls of the charrtable ￿￿fipany. which is a public benefit entty under FRS 102. have been
prepared in accordanGe with the Charities SORP (FRS 102) 'AMunting and Reporting by Chaitttes.. Slatemant
of Recommended Pracbte applicAble lo charibes preparing their aetounls in accordanee with the Financial
Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191,. Finan¢ial
Reporting Stsada-.d 102 The Financial Reptsrting Standard applicable in the UK and Republic of Ireland, and the
Companies Act 20a6. The financial slalements have been prepared under the hisloucal cost convention. wth the
exception of investrnents which afe induded at marf*t value. as modikd by tFE ￿valUation of certasn assets.
Preparation of the accounts on a golng concem basis
The Govemors consider that there are no material uncertainties alxjut the School's ablllty to continue
as 3 going ¢oncem.
Statement of cash flows
The School's cashtloiv statement reflects the preserrtatson requirements of FR5102. In addition, the cash flow
statement reconciles cash and cash eouivaknts whereas under previous UK GAAP the statement reconc41ed to
ash.
Income
All income is recognised in the Statement of FinanGial Acttvities onc8 the school has entitlemenl to the funds, il is
probable that Ihe Incon￿ will received and the amount can be n*asured reliably.
School fee income is accounied for on a receivable basis and wnsi5ts of charges billed for the school year
ended 31 August 2024, less bursaries and allowan￿$. Fees re￿iVed for education to be provided in futur8 years
are c8rried foM7rd as deferred income.
Donations are accounted for On￿ the school has entitlement to the gift, rt is probable that the ino)me wll be
received and the amount can be measured reliably.
Investrnent Inco￿￿ Ès aLr￿lIn￿l forwfrEn it is re￿1vable and the amount rAn be measured reliably.
There are no restrictions on the incoming resou￿$ ofthe endowment fijnd.
Expendi￿re and irrecoverdble value added tax (vat)
Liabilities are recosnised as expenditure as soon as there b a I￿?1 or construclive obligotion committtng the
sthool to that expenditure, it is probable that 8 transfer of eo)nomic beneffts wll be required in settlemenl and the
amount of the obligation can be measured reliably.
ExperKIrf(ure is aecovnled for on an ac£ruals b8sTs and has been classlfied under headings that a9greg8te all Gost
related to the e8tegory. Where costs cannot be diredy attributed to particular headings they have b&en allocated
lo adwibes on a b3515 consistent the use of resou￿$.
The irrets)verable elanent of value added tax is included wth the item of expense to which it relates.
Support costs are allwated lo the cost of raising funds and charitable acb'vilies on the basis of an appropriate
apportionment of resour￿ and actsvrties.
Governan￿ costs have been allocated in line wth administrab'on Gosts and include those costs a550ciated wlh
meeting the constitiJtsonal and statutory requirements of Ihe chatity and include audit fess and costs linked to the
strategic management of the School.
Tanglble fixed assets and depreciation
Tangft)le frAed assets other than freehold land a￿ stateA at cost tess dep￿ciali0n. Depreciation 15 provided al
rates c8lculale(I lo wrte off the L¥)St less ests"mated rE￿dUal value of each 88set over ti8 expected usefvl lif8, as
follows..
Freehold land is not dep￿ciated_
Assets under construction are not depr8ciated until they are avaHable for use.
Page 15
conbnu8d...

BETHANY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POUCIES - continued
Tangible fixed a55ets and depre¢lation
Land and buildings
Fixtures, ffiltings & eqUipM￿t
Motor vehides
2°h- 4% on cost
20Vfi on ￿st
20% on cost
It is the School's polity to eapilalise all items of a ￿pital nature over £5.000.
Inv8stmer
Fixed asset investments a￿ stated at fair value. Realised and unrealised 9ains and losses are dealt Wtth through
the Ststement of Finaneial Activities.
Investment property is included at fair valL*. Gains anc£ losses a￿ reeognised through Ihe Stalemenl of Financial
Activlties.
Stoek
Stocks are valued at the lower of c￿1 and net realisable value. after making alkjwance for obsolete and 81ow
moving items.
Fund accounting
Unrestricted SJnds are general funds which ate available for use at the discretion ol th8 Governors in furtherance
of the geneTal objedives of the School and which have not been designated for other Pufposes.
Designated, Restricted and Endowment lunds can only be used ior partlGular restricted purposes within the
objects of the charty. Restridbons arise when specified by the donor or when funds are raised for particular
restricted purposes.
Further explanation of the nature artd purpose of each fijnd is induded in the notes to the financial
statements.
Foreign exchange
Assets and liabiliknes in foreign currenGie5 are translated into slerfing at the rates of exchange ruling at the
balance sheet ctate. Transactsons in foreign currencies aR Iran51ated into sterling at Ihe rate of exchange ruling at
the date of the transaclh)n. Exchange drfferen￿ are deatt with through the Sla*ment of Finanaal Activib"es.
Pension costs and other post-rellrement banftfits
During Ihe year, most of Ihe teaching stsff were members of the Teathers, Pension Scheme ITPSI, a defined
benefit stheme administerèd by the Teachers. Pension Agency. The Teachers, Pension Scheme is a
mulli4rnployer pension scheme ￿[ch is u.ifufided. Actuarial va'.uation5 are Carried out on a notional set Df
investments. The School left the Teach&r8' Pension sche￿ on 31 March 2024.
The School is unable to idenhfy tts share of the underfying Inolionall assets and liabilities of the schem8.
Accordingly, under FRS102, the $c￿e is accounted for as if it were a defined contribubons scheme. The
School's contribLrtions, which are in ac(L)rdan￿ with the reryJrnmendations of the Govemment Actuary, are
harged to the Stalemenl of Financial Advilies in the period in whith Ihe salaries to whi¢h they relate are
payable.
The School also conknbules lo personal Fension schemes for other teachers and non-teaching staff. These
schemes are defined o)nlribution schemes. The asse'.s of the sctr.ernes are hèld separately from these of the
School in independelldy admÈnistered funds. Contributions payable for the year are ¢harged lo the Statement of
Finanaal Activtiies. The School h8s no other liabilrtie5 under these sch￿ne$.
Employee benefits
Short temi ernployee benefits including holiday pay a￿ recognised in Ihe Stslement of Financial Activities in the
period in which the serwce 15 ￿dered. Termination benefits are aLxounted for on an Accrual basis and in
accordance with FRS102.
DonaUons ot goods, $ervice¥ and facilities
Donated goods, professional se￿1￿5 and faalities are recc*Jnised as income when the School has control over
the item or has received the servi￿, any COnd￿onS associated the donation have been met, the receipt of
the economic benefit from th& us8 01 an iiem by the sthool 18 probable. and that economic benefit can be
measured reliably.
Page 16
continued...

BETHANY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTFNG POUCIES - ¢ontlnued
Donations of goods, servicEs and facilities
On rerAipt. donated goods, professional ServI￿S and faalrbes are recognised on the basis of the value of the gift
lo the Sthool whitri is the amount the Sthool would have been willing to pay to obtain the go¢xls, servi￿$ or
lacililies on the Tjpen marter., a corresponding amount ts then recognised in the expenditure in the period of
rsceipt
Goods donated for on-going use by the Sthwl in carying out Ils day to day activities a￿ recognised as tangible
fixed assets.
Operating leases
RentsLs payable under operating leases are charged to th& Slatement of Financial Activities on a 8tralght Ilne basis
over the period ofthe lease.
Debtors
Trade and other debtors are recognised at the settlement amount due. Prep3yn*nts a￿ velued 8t Ihe amount
prepaid net of any trade disctunls due.
Cash at bank avKI in hand
Cash at bank and in hand indudes cash and short temi highly liqtjid investments with 8 short maturity of three
months or less from the date of acquisition gr opening of the deposit or similarar￿U￿l
Credltors and provisions
Credltor5 and proirysions a￿ recognised when the Sthool has a pre9ent obligatvjn resulting from a past event
that will probabfy r￿Ull in the transfer of fjjnds to a third paty and trie amount due tts settte the obligation can be
measured or estimated rdiably. Creditors and provisions are normally rwnised at their setdemenl amoLtnt after
allowng for any trade dismunts due.
Flnancial Instruments
The School only has financial assets ancf financial ￿¥billI1eS of a kind that qualify as basic finanGial instwments
unclgr FRS102. 88sic )Inancial insinJments are inttsally recognised at transaction value and 5Ltbsequenly
measured at their settlernen.. value with the eX￿ption of bank b)ans which are subsequently measured 31
amorh'sed cost using the effective interest method.
Critical accounting estirnates and judgements
In the appli¢xtion of the School's accounting policies. the Govemors a￿ required lo make judgemenls, esbm8tes
and 8ssump110115 about the carrying amount of assets and liabilities that tre not ￿2￿llY apparent from other
sour￿. The estimates and a550ciated assumptions a￿ based on histori¢31 experi8nce and other fa￿orS that
are considered to be relevant Actual resutts may differ from these estimates.
The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estim8te5
are reCogni￿d in the peritsj in which 'the estimate is revised.
The Govemor5 do not ojnsider that there are any crttical estimates Of areas of Judgement that need lo be
brought to the atterrtion of the readers of the financial statements.
DONATIONS ANO LEGACIES
Un￿$t￿¢t&
Jnds
Designated
fvnds
EndovAnent
funds
Total
2024
Total
2023
Donations
116.824
116.824
255
116.824
116.824
255.274
P8ge17
continued...

BETHANY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
CHARITABLE ACTIVITIES
Unrestricted
fiJnds
C￿13nated
fun(ts
Endowment
funds
Total
2024
Total
2023
School fees
Registration fees
Bursaries and
5chol?tships
Hardship discount
Transport income
9,125.757
11.548
9,125,757
11.548
8.241,285
15,184
(870,7201
{123.8321
283,909
217
{5.5391
{870,5031
1129,31 11
283 909
1760,3591
1116.471}
8.426,662
8.421 340
7 588,704
OTHER TRADING ACTIVITIE8
Unrestr,cted
funds
Designated
frjnos
Endowment
funds
Total
2024
Total
2023
Rental income
136 867
136,867
161,755
136.867
136,867
161 755
INVESTMENT INCOME
UnrestriL#ed Destgnated
nds
funds
Endowment
funds
Total
2024
Total
2023
Income from listed
inVests￿ents
Interest re￿iVed
9,478
9,478
51,803
34.688
51.803
51.803
9.478
61.281
Page 18
continued...

BETHANY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continuèd
FOR THE YEAR ENDED 31 AUGUST 2024
EXPENDITURE
Stsff
Costs
Depreciation
Other
Costs
Totsl
2024
Totsl
2023
Ralsing funds
Investment rnanagement
fees
1.047
1.047
2.512
Total costs of
raising funds
1,047
1,04Y
2.512
Charitable activitles
Education
Teaching costs
Welfare costs
PremL%8s costs
Support costs
Finance costs
GovernanGe costs
(ProfilllLoss on disposal
of tangible fixed asset
Total charitable
activities
2,888.868
247.502
789,527
1,150.651
19,623
401.912
746,559
1,510,240
576,316
63,044
22.706
3.400
3.310,403
994.061
2,811,579
1.726,967
63,044
22.706
3,400
3.153.445
892,011
2,762,011
1,572,000
36.616
26,311
(9.750)
511.812
5.076.548
531,435
3.324.177
8,932,160
8,432,644
Totsl expenditure
5.076.548
3 325 224
8,933 207
8.435,156
G0veMan￿ costs include payments of £16,500 (2023: £15.OCIO) for audit fees and payments of £1.350 12023:
£9901 br other nonvaudil servi*s.
Net income is ststed after charging £81,090 {2023.' £57,265) to operating lease rentsls included wthin premises
costs, f24,218 <2023,. £53,889} to operating lease rentals included within teathing and support costs 8nd Nleregt
charged on bank loans of £59,045 (2023.. £28,871) incI￿jed wtthin finan￿ costs.
Of costs relating lo faising fvnds, £1,Q47 {2023.' £2.512} ￿lateS to the d&signatèd ftjnd. Of costs relating to
Charitab￿ activthes, £19.62312023'. £19,623) relale5 to the designated fund.
SUPPORT COSTS
2024
2023
SuppDrt stsff costs
Marketing costs
Computer costs
Post & stationery
Staff welfare & other staff costs
Staff recruttmeftt
Telephone
Overseas recruitrnenl & commission
Professional fee5
Travel & subsislence
Subscriptions
Mis￿118￿e0uS wsts
1.150,651
106,387
25.010
40,8Crf)
72.81 g
6.445
16.698
90,246
109,530
3.476
882,816
109,316
96,018
28,541
103,906
68.022
16.315
96,597
14,330
4.495
11
39,033
65,872
32.140
119,504
1726 9S7
1,572,000
P89e 19
continued...

BETHANY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
GOVERNORS, REMUNERATION AND BENEFITS
None of the Governors {or any perSOr￿ Gonnected with th￿? r￿1ved any remuneration during this year Dr Ihe
PriOT year.
Governors. expenses
No Govemors were reimbursed for expenses in this financtal pemd (2023" one wa5 reimbursed a total of £121
for travelling expenses).
No amounts were due io or from Govemors al Ihe balance sheet date12023". £nill.
10.
STAFF COSTS
2024
2023
Wages and salar￿5
Social security costs
Other pen51on costs
3.942,247
381.546
752 755
3.661,203
346.210
599.019
5,076 548
4 606,432
The 8ver8ge monlhly n￿nber of employees during the yearwas as follows:
2024
43
57
50
2023
43
47
44
Te8ching
Administration
Welfare and premises
150
134
The number of employees whose employee kenefits lexduding employer pension costs} exceeded £60,000 was..
2024
2023
£60,001-£70,000
£70,001-£80.000
£80.001- £90.000
£120,001- £130,0
£130,001- £140,000
Contributions totalllng £100.269 {2023= £75.236) We￿ made during the year to pension schemes on behalf of
employees whose employee benefits ex￿rj £60,C(Q.
The key management personnel of the sdkool are the headmaster. the bursar. the HR manager. the deputy head
academic, the pastoral deputy and the director of marketing & admissions. The director of marketing &
admlssion$ 18 a new pc6ition in the year ended 31 August 2024. The total ernployee benefits Includlng pension
contributions for the key management personnel were £650,11812023-. £552,06SI.
Page 20
cor¢tinued...

BETHANY SCHOOL
NOTES TO THE FINANCiAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
11.
COMPAILITIVES FOR THE STATEMENT OF FINANCIAL AcnvmES FOR THE YEAR ENDED
31 AUGUST 2023
Unre5tnrted
fund
Designated
fund
Restrit#ed
fiJnd
Endowment
funds
Total
funds
INCOME AND ENDOWMENTS
FROM
Donations and legacies
Gift Ald
Charilable activities
Olher trading acty"vit'"e5
Investment income
216.878
28,027
255.274
28,027
7.588,704
161,755
7.717.020
161.755
49.365
{128,316)
Totsl
7,966,536
(93.628)
244.905
8,117,813
EXPENDITURE ON
Raising funds
Charitable activities
2.512
19,623
2,512
8.432,644
8.413,021
Total
8,413.021
22.135
8,435,156
Net gain5 Qn investments
49,971
NET
INCOMEIIEXPENDtTUREI
165.734
244.9D5
367,314
Transfer be￿een funds
718.495
1718,495)
RECONCILNTION OF FUNDS
Totsl funds brought
fomard
13,369.819
2.992.711
473.590
1.347
16,837,467
TOTAL FUNDS CARRIED
FQRWARI)
13,641,829
2.826.977
1,347
16,470,153
12.
TAXATION
The school is a Registered Charlty (number 3079371. All activibes are undertaken to fvlfil the primary objeclives of
the charty and a￿ Iherefore exempt under Part 11 oflhe Corporation Tax Act 2010.
13. INTAMGIBLE FIXED ASSETS
Website
COST
Al 1 September2023
Additions
33,570
6.660
At 31 August 2024
AMORTISATION
Al 1 September 2023
Charge for year
4.011
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
36,219
Al 31 August 2023
Page 21
Gontrnued...

BETHANY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
13.
IN7ANGIBLE FIXED ASSETS - continued
Intangible assets relaie to website development
14.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Assets
under
nstrucbon
Land aThl
buitdings
Motor
vehides
Totals
COST
Al 1 September 2023
Additions
Disposals
Redassffication
16.516.045
815.989
466.195
176,033
63,200
(27,0001
1,955,575
4,731,643
1119,1841
19,463.642
5,261,038
1146.1841
At 31 August 2024
23,084.079
1.282.184
212.233
24 578 4&S
DEPRECiATION
At 1 September 2023
Charge for year
Eliminated on d￿pOSaL
4.976.576
342,g27
578.374
143.219
56.631
41,278
S,611,581
527,424
Al 31 August 2024
5,319.503
721,593
94 309
6135405
NET BOOK VALUE
At 31 August 2024
17,764.576
560.591
18,443,091
At 31 August 2023
11,539 469
237.615
119402
1,955.575
13 852 061
Inoluded wrthin land ané buildintss is freehold land of £1,700.855 {2023.. £1.591.1761 which 15 not depre¢iakd.
15.
FIXED ASSET INVESTMENTS
Managed
investsnants
MARKET VALUE
At 1 September 2023
Disposals
Revaluations
Fees deducted
1,250,872
11,249,062)
17631
At 3q August 2024
NET BOOK VALUE
Al 31 August 2024
At 31 August 2023
1250.S72
Hislorical cost..
Al 31 August 2(T24
At 31 August 2023
1,203,027
The loss on investments shovm wthin the Statement of Finanaal Activities of £763 12023.. £49.9711 cx)mprises a
reali5ed gain of£76312023.' gain of £1361 on investrnents sold during the year. and an unrealised loss of £nil12023:
£50.107) on investments held al the year end.
The Sch¢)ol disposed of the Rathbones investment portfolio on 1 December 2023 for proceeds of £1,258.561. The
proceeds from sale have been used to fijnd the Perfoffnin9 Arts Centre project
Page 22
continued..

BETHANY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
16.
INVESTMENT PROPERTY
FAIR VALUE
At 1 September 2023
and 31 August 2024
650,000
NET BOOK VALUE
At 31 Au9USt 2024
650,000
At 31 August 2023
650,000
17.
STOCKS
2024
2023
stocks
24,473
13.750
18.
DEBTORS: AMou￿rS FALLING DUE VVITHN QNE YEAR
2024
2023
Trade debtors
Other debtors
Accrued income
Prepayments
2.510,472
89,931
24.875
191.612
1,941,352
34,645
129.850
93,540
2 816.890
2,199,387
19.
CASH AT BANK
2024
Total
funds
2023
Totsl
funds
Unrestri¢tgJ
fvnd
Designated
funds
Endowment
funds
Operational cash
TrAanaged investment cash
4,250,823
803,078
1.347
5,055,248
3.888,430
9,399
Tot81
4.250.823
803.078
1.347
5 055,248
3.897,829
20.
CREDITORS: Amoumfs FALLING DUE WttHIN ONE YEAR
2024
2023
Bank loans 8nd overdrafts (see note 24)
Trade creditors
Social security aTrJ other laxes
Deferred income- fees paid in advall￿ of Autumn temi
Deferred income- fees paid in advan￿ under Advan￿ Fee Scheme
Accrued expenses
50,140
298,311
87,702
745.480
4,492,064
677.747
180,000
656,267
87.018
2.910.995
183,627
979,575
6.351.444
4 997 482
Defeffed income represents fees in advan￿ for future academlc terns or ye8rs. Wherp these fees have been
settled under a forrnal fees in advance scheme, these are shown separately frcffi any r￿ipts for AutUTnn tem
fees paid in 2023-24 ahead ofthe start of term in 2024-25.
Page 23
contirtued...

BEThANY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR TrIE YEAR ENDED 31 AUGUST 2024
21.
FEES IN ADVANCE
BalanrA at 1 September 2023
3.094,622
Fees Teleased during the year
13.094,6221
Fees defenEd during the year
7 526,642
BalancA al 31 August 2024
7 526,642
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Deferred income (see note 23)
Bank loans (sea note 241
2,289,Dg8
2,087,818
429,834
4.376,916
429,834
23.
DEFERRED INCOME
An analysis of the maturity of defer￿d Income is given belovr.
2024
2023
Amounts relating to tsmis within on& year:
DefetTed income
3 094 622
Amounts relating to term5 be￿en one and ivK) years".
Deferr8d income - 1-2 years
1 036".71
Amounts rela1tng lo temis between tsvo and five years:
Deferred ino)me - 2-5 years
1,184.887
Amounts r8lating to teryns in more than five yeaT5:
Deferred income- over 5 years
Total-
Deterred Income
7 526,642
3.094.622
24.
LOANS
An analysis ol the maturity of loans is given be14)W-
2024
2023
Amounts falling due wilhln one year on demand:
Bank loans
50.140
180,OC)J
Amounts f811ing belween one and years:
Bank loans - 1-2 years
150.420
180.000
Amounts frdlling due be￿en ￿ and five years..
ank loans - 2-5 years
451,260
249 834
Amounts falling due in more Ih4n five year¥..
Bank loans- over 5 years
1.486 138
Tolal:
Bank loans
2.137 958
609,834
Page 24

BETHANY SCHOOL
NOTES TO THE FINANCIAL STA TEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
24. LOANS- continued
The SchoDI was provided with 8 new loan during Ihe year to assist with the development of the premises and, In
particular, tre Performing Arts Centre.
The totsl loan amount agreed Is £3,610.OW to be drawn dovm in stages. As at the ye%gr end. the total amount
drawn down amounts to ￿,137.958. The bank loans are secur?d by a fixed charge over certain freehold properties.
Delails of the bank loans are as follows".
Loan- £2,137.958 - interest tharged at 1.50A above base. repayable by 31J03149.
25. LEASING AGREEMENTS
Minimum lease payments under nonthcaneellatle ¢Jperaling leases Pdll due as follows..
2024
2023
Wrthin one year
Be￿een one and two ye8TS
Be￿een two and live yea
125,535
109,552
135,325
100.319
85.640
26.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fvnd
Designated
fijnd
Restricted
fvnd
Fixed assets
Investments
Current assets
Cuffent liabilities
Long term liabilities
17,731.249
650,000
7.0￿2,186
(6,351.4441
4.376.916
748.061
803.078
14.745.075
1.5S1.139
2024
Total
fvnds
2023
Tots
funds
Endowment
fund
FiY8d assets
Investrnents
Currenl assets
Currerrt liabilitie5
Long lem) liabilibes
18.479,310
650.000
7,896,611
le,351,444}
4,376,916>
13,885,631
1,900,872
6,110.966
(4,997,482)
1,347
1.347
16 297.561
16.470.153
Page 25

8ETHANY SCHOOL
NUTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
27. DESIGNATED FUNDS
The income funds ofthe charity include Y)e follomng designated fvnds which have been set aside out of
unrestricted funds by the Governots foi spec,fic purFoses.'
Balance at
1 Seplember
2023
Income
Expenditure
Transfer be￿een
fundg
Balance at
31 August
2024
Special projects
Hardship fund
Christopher Jackson fund
150.000
5,539
2.671 438
150,000
15.5391
9.695
21.433)
1,258,561
1401 139
2.826,977
21,433
1258,561
1,551,139
Designated furKls ￿p￿sent amounls set aside for spaaal proje(ts at the discretion of Ihe Governors.
The GDV?rnDrs' agreed lo set aside a hardship fund ID the year ended 31 August 2020. The purpose of this ￿nd
as to promde additional fee assSstance to parents were adversely affected by CovKI-19 and it has now beon
fijlly utilised.
The income in the Christopher Jac*son fund iepresenl$ the school's dividend and interest incorne of £9,478
12023.. £34.6881 for investments held as part of the endowment fijnd, bursaries and scholat5hips of £21812023..
1£11.8441}. The expendlture In the fund compri5e5 £1,047 12023.. £2.512) of investrnent management féÈs. £nil
(2023.. £nill of property cos15 and £19.62312023. £19,623} of depreciabon.
The Governors, agreed a transfer of ftinds from the ￿e￿nated fijnd to the general fund at 31 August 2024
equIVa￿nI lo the proceeds frorn the sale of the Ralhboftes investhent portfolio. Th15 amounts lo £1,258,561 and il
was ag￿ed th8t these fvnds would be used for the Perfoming Arts Cenlre.
28. ENDOWMENT FUNDS
The income funds o.. the charity ineludè the followng end05￿nent funds which h3ve been sel aside out of unfeslricted
funds by the Govemors for specific PU￿OSeS..
Balan￿ al
1 September
2023
Income
EXpe￿IlbJ
Balance al 31
August 2024
Pernanent
endowments
Jane Tomkinson
Expendable endowmants
1.347
1,347
1.347
Th8 pemianent endowment fuThls comgrise the Jane Tomkinson Art Bursary.
29.
EMPLOYEE BENEFIT OBLIGATIONS
The Sthool pa￿cipated in the Teathers. Pension Scheme ('Ihe TPS") for its teaching staff. The pension Ehar9e
for the year inctudes contribuiions payablè lo the TPS of £290,457 12023". £455,0951 and al the ye8r*nd £nil
{2023'. £52.893) was accrued in ￿Spect of ￿ntributiO1)S to this scheme.
The School left the Te￿ther8, Pension Scheme on 31 March 2024 and now hokls a defined contribution scheme
whh RDyal London.
30.
CAPITAL COMMITMENTS
At the balance sheet date, the school had ¢apital commitments In resped of the Perfomiing Arts Centre lolalling
£384.000.
Page 26

BETHANY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued
FOR THE YEAR ENDED 31 AUGUST 2024
31.
RELATED PARTY DISCLOSURES
Totsl donations reoived from related parties during the year enderj 31 August 2024 amounted to £8,52412023.'
£1,350).
During the year under review. £nil 12023". £33,800) Was paid to Looknng Glass Marketing Limtted in respeGt of
marketing services. Mr D Shaw. a govemor ?f the School. hold5 shares in Lookin9 Glass Marf(eting Limited. As
al 31 August 2024, the Sohool owed the (x)rnpary £nil (2023.. £nill.
There werè no further related party transaction5 during the year other than those wth Govemors as detailed in
note 9.
32.
ULTIMATE CONTROLLING PARTY
The Gompany, which is registered in En9 and & Wales. is limited by guarantee and has no Sha￿ caprtal. In the
event of the charity being wound up and unable to meet its liabilTbes, each of the Governors undert3ke5 to
contribute such amounts as may be required up to a maximum of£1.
No Dn¢ party has overdl control ofthe sthool.
Page 27