Reglstered number: 01047287
Charity number: 309094
ST PIRAN'S SCHOOL LIMITED
(A Company Llmlted by Guarantee)
GOVERNORS. ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

ST PIRAN'S SCHOOL LIMITED
(A Company Limftad by Guarantee)
CONTENTS
Page
Reference and admln18tratlvo detalls
Gov•rnors' annual report
Govemor8' ro8pon8ibilitles statement
11
Independent auditors. report
12
Statement of flnanclal activltles
16
Balance shoet
17
Cash flow $tat•ment
18
Note8 lo the financlal statements
19

ST PIRAN'S SCHOOL LIMITED
(A Company Limltad by Guarantee}
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 AUGUST 2024
Governors
Mrs K J S Taylor {Chalrl
Mrs A Bizior (Appoinled 29 November 2023)
Mrs R Doctor
MrsCFry
Mr C D Kendall
Reverend S M Lynch
Mrs E Marriner
Mrs H N8ss-Glfford
Mrs S Rees-Evans {Appolnted 15 February 2025)
Mr L Sldhu (Appointed 29 November 2023)
Mr O Subramanlan
Mrs H Subramanlan
Mr P J Thomas
Mrs L Morgan (Reslgned 31 August 2024)
Key Managoment Personnel
Mr S Sales (Headl
Mr J Harle (Bursar)
Mrs C Earp (Deputy Head - Pastoral>
Mr S Robinson (D8PUty H8ad - Academlc)
Mrs J Richmond (Asslstanl Head- Head of EYFS)
Mrs B Bailey (Assistant Head - Head of Innovatlon and Partnerships
Mrs K Saunders (Assistant Head and Joint SENCO)
Mrs C Walsh (Reslgned 15 November 2023)
Company Se¢rotary
Mrs P Carragher (R&sign8d 31 August 2024>
Mr J Harle (Appointed 1 September 2024)
Company Name
St Piran's School Llmlted
Prlnclpal and Registered Offlce
St Piran's School Limited, Gringer Hill, Maidenhead, Berkshire, SL6 7LZ
Company Reglstered Number
01047287
Charity Reglstered Number
309094
Independent Auditor
MHA, Buildlng 4, Foundatlon Park, Roxborough Way, Maidenhead, SL6 3UD
Bankors
Barclays Bank Plc, Wytham Court, 11 West Way, Oxford, OX2 OJB
Sollcltors
Veale Wasbrough Vizards LLP. Narrow Quay House, Narrow Quay, Bristol, BS14QA
Page 1

ST PIRAN'S SCHOOL LIMITED
(A Company Llmited by Guarantee)
GOVERNORS, ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Governors are p18as8d to present their annual Governors, Report together with the financial statements of
the charity forthe year ended 31 August 2024 which are prepared to meet the requirements for a directors, report
and accounts for Companies Act purposes.
The financlal statements comply wlth the Charlties Act 2011, the Companies Act 2006. Ihe Company's
Memorandum and Artlcles of Association, and the Accountlng and Reporting by Charitles: Statement of
Recommended Practice appllcable to Charities (SORP 2019) preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021.
The charily operate5 an Independent school for pupils aged 2 to 11 years, serving the Maidenhead area. It has
a pupil capacity of 524. There were 455 puplls on roll at Ihe end of the yaar under r8V18W.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is a company limited by guarantee and an exempt charlty. The charitable Gompany's Memorandum
and Artlcles of Association are the primary governing documents of the charity. The Governors of the charity ar8
also the dlrectors ofthe charitable company for the purposes ofcornpany law. The charitable company Is known
as St Piran's School Limited.
Governor8 of the Charity
The Governors who have served during the year endlng 31 August 2024 w8r8 as follows:
Mrs K J S Taylor (Chair)
Mrs A Bizior (Appolnted 29 November 2023)
Mrs R Doctor
MrsCFry
Mr C D Kendall
Reverend. S M Lynch
Mrs E Marriner
Mrs L J Morgan
Mrs H Ness-Gifford
Mr O A Subramanian
Mrs H Subramanian
Mr L Sldhu (Appointed 29 November 2023)
Mr P J Thomas
After the perlod under review, Mrs S Rees-Evans was appointed a Govemor on 15 February 2025.
Members. Llabllity
Each member ofthe charitable company undertakes to Gontribute to the assets of the charltabl8 company in the
event of it being wound up while they are a member, or within one year after they cease to be a member, such
amount as May be required, not exceeding £1, for the debts and liabilities contracted before they ceased to be
a member.
Governors. Indemnltles
Govemors benefit from indemnity insuranc8 to cover their liability which by virtue of any rule of law would
otherwise attach to them in respect of any negligence. default or breach of trust or breach of duty of which they
may b8 guilty in relatlon to Ihe charitable Trust. This is covered within the overall Insurance Costs for the School.
Page 2

ST PIRAN'S SCHOOL LIMITED
(A Company Limlted by Guarantee)
GOVERNORS, ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
Method of Recruitment and Appointment or Electlon of Governors
New govemors ar8 8lècted at a meeting of the Governing Body with not less than three quarters of the Goveming
Body present and by a vot8 of at least three quarters of the members present. A new governor rnust be proposed
for electlon by a memb8r of th8 Governing Body to all members 10 days prior to the meeting at which their
election is proposed.
Pollcle8 and Procedures Adopted for th8 Inductlon and Tralning of Governors
Prior to ¢onfirmatlon of the appointment of a new governor, checks are undertaken to conflnn formal
Identlfication, the rSght to work In the UK and an Enhanced DBS application is made. On confirmation, a new
governor Is provided with an Snductlon pack and briefing by the Head and the Clerk to the Govemors. The Chair
of Governors formally welcomes new governors at their first meeting. Governors receive internal brlefing
sessions on the School and areas relevant to their sub-commlltee membership (if any) and attend School ev8nts
and slaff soclallllaison actlvltles. There is a requir8m&nt for governors to attend one external tralnlng sesslon per
year.
Organi8ational Structure
The Governors are responsible for th8 Strategic direction and maintenance of standards within the School and
oversee legal and regulatory compliance. R8sponsibility for managlng the School Iles wlth the Head, asslstad by
the Senlor Leadership Team.
Arrangements for Setting Pay and Remuneratlon of Key Management Personnel
Pay and remuneratlon for the Head is set by th8 Govemors, wlth reference to benchmarked data. The pay and
remuneration for other key management personnel. Includlng the Senior Leadershlp Team, responsible for the
day-to4ay running of the School, are set by the Governors on the recommendalions of the Head.
Aims
The Charity's objects as set out in its Memorandum and Artlcles of Assoclatlon, are to promote and provlde for
the advancement of education, including the provlsion of day schooling for children of both genders. Within these
charitable objects, the Charity is also required to maintain the premises known as St Piran's School and other
premises Ihat are owned by the School (If any). Amongst other responsibilities, the School should award prizes
and scholarshlps to pupils, or prosp8Ctive pupils, for proficiency in acadèmic studies and games and to develop
through a wider sportlng, artlstic and social programme of study, the promotion of education generally, including
provision for the education and training of prospectlve entrants to any of the public 5¢hools and colleges, and
apply to that purpose all monles and property coming to it. This is int8nd8d to provide an environment where
each child can dev81op Independence, confidence. self-motivation and a genuine love of learning. where each
pupil can develop and fulfll thelr potential.
Objectlves
To provlde an excellent education for chlldren aged 2 to 11 years In a co-educational, mixed ability settlng.
To equip the Children with 21 st Century Learning Habits through teaching that exceeds the Early Years and
National Curriculum.
To safeguard and promote th8 walfare of every child whilst in the care of the School.
To assess and addr8SS th8 educational needs and potential of every individual chlld in ord8r to18ad fulfilling
Ilves.
To provide a foundation for children's spiritual development and for an understanding of right and wrong.
within a clear Christian ethos.
To develop children's enjoyment and understanding of music and the arts and to provide high qualitytuition,
experience and performance opportunities in those areas.
To provide a wide range of opportunities for children to develop their physical fitness and sporting ability
and to grow in social and leadership skills.
To prepare children for the successful transf8r to tha right cholce of senlor school.
Paga 3

ST PIRAN'S SCHOOL LIMITED
(A Company Llmlted by Guarantee)
GOVERNORS, ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectives {continued)
In setting oblectives and planning activities, th8 Govèrnors have glven careful consldératlon to th8 Charity
Commission's general guidance on public benefit and, in particular, to its supplementsry public benefit guidance
on advancing education and on fee-charging,
Publlc Benefit Statement and Access Pollcy
The Charity prlnclpally provides education in Maldenhead to boys and glrls from th8 ages of 2 yoars to 11 years
on Its site in Gringer Hlll. The pupils benefit from an outstanding all-round educalion in a school Ihat aGhieves
excellent standards wSthln a strong school community. Reinforcing the School's Christian values, pupils are
encouraged to have an appreclatlon and awareness of people around them who are less fortunate than
themselves.
The School's values of 'Respect, Inclusion and Kindness. continue to be promoted beyond St Piran's gates as
the School striv8S to have a posltive and beneficlal impact with Its community. In the autumn, Ihe Harvesl
donatlons were shared wllh Clara Court Residential Home. One Can Trust, and Foodshare. This was followed
by vislts to Clara Court and to the Hlnd's Head in Bray to deliver carol 5eNiGes by the School's Chapel Choir.
Reclprocal invites w&re shared to come and watch the School's productlon of Ollver Jr. The School successfully
fundralsed for local and national causes wllh Children in Need, Red Nose Day, Place 2 Be, Save the Children,
The Link Foundation, Number 22 Counselling, Daisy's Dream. and CHP (Children's Hospital Pyjamas).
The School further gr8W Its partnerships with organisations and activitie5 including the South Africa school
exchange (partnerships wlth Cordwalles and St John's Schools based in South Africa), the Microsoft Showcase
Day, and strengthening Its relallonship wlth Number 22 counselling. a local community counselllng service for
young people and adults, which is also a regist8r8d charlty.
The School faclllties are used ext8nsiv81y by the IC￿al community In thè evenlngs, weekends and during school
holidays for a wlde variety of activities. Uptake of after-school and weekend swlmmlng lessons for the local
community has contlnued lo grow.
The School welcomes puplls from all backgrounds. Prospective pupils are Interviewed and ess8ss8d to ensure
that thè School can educate and develop each child to the best of their potential and in Ilne wilh the general
standards achieved by their peers. Entrance irste￿IewS and assessments, which are age appropriate, are
undertaken to satlsfy staff and parents that prospective puplls will be ab18 to cope with the pace of learning and,
therefore, benefit from th8 education provlded by the School. An individual's economic status, gender, ethnicity,
race, religion or dlsablllty does not form part of the assessment process,
Th8 School Is an equal opportunity organlsatlon and is Committed to a working environment thal is free from any
form of discriminatlon on the grounds of colour, race, ethnicity. religion, gender, sexual orientalion or disability.
The School will, wherever possible, make any reasonable adjustments to me8t the needs of staff or pupils who
were or become disabled.
The staff regularly discuss and contribute lo the School Improvement Plan and Strategy to ensure that objectives
are being met. Th8 Governors have Complied with their dutyto have due regard to the guidance on public benefrt
published by the Charity Commission in exerclslng thelr powers or dulles.
The School sets out to provlde a breadth of education to enable pupils to develop skllls and talents whlch can
ba nurtured and supported in their time at the School. The School is committed to safeguarding and promoting
the welfare of puplls and èxpects all staff and volunteers to share this commitment. A¢¢ess to the education
offered is not restricted to those who can afford the fees. The bursary policy, together with links with local primary
schools, contrlbutes to a widening of a¢¢ess to the education offered and the faGilitie5 enjoyed.
Page 4

ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarantee)
GOVERNORS, ANNUAL REPORT (contlnued)
FOR THE YEAR ENDED 31 AUGUST 2024
Public Benefit Statement and Access Pollcy
The School prides itself in b8ing part of a wid&r community, including staff and parents. It also offers a resource
to support a range of educational activities for Ihe benefit of local teachers and children attending mainlalned
schools. The Govèrnors are ¢ommilted to developing a programm8 of cooperation and joint working with local
malntain8d junior and secondary schools and. In addition, during school time it offers its swimmlng facilities to
o local primary schools free of charge and a third school during th8 school holidays. One member of the SLT
is a governor at a local school whilsl another was appointed to another school following th8 period under review.
The Govemors consld8r bursary awards as important in helping to ensure chlldren from familles who would not
otherwise be able to afford the fees to access the education offered. The bursary awards are available to all who
meet the School's general entry requirements and are made solely based on parental means or to rellev8
hardship where a pupil's education and prospects would otherwise be at rlsk, for example, in the case of
redundancy. Factors considered include family incoma, assets. inv8Stments, savlngs and family ¢ircumstan¢es,
Including dependant relatives and the number of siblings. However, the SGhool does not have an endowment
and, when making such award5, rernains mindful of achieving balanc8 between fee-paylng parents, many of
whom make considerable personal sacrifices lo fund their child's education, and those benefrting from the
bursary awards. Bursary applications are assessed Independently by a third-party company.
STRATEGIC REPORT
Achlevements and Performance
The School wa5 last Inspected by ISI In November 2022 and was judged to be 'Excellent' in all areas, a very
pleasing result r8flecting and recognising the efforts of the whole staffing body and Governlng Body. This
judgement continues to form a basellne for assessing progress and achlav8m8nt within the School.
Durlng th8 year und8r r8V18W th8 Senior Leadership Team Included a new Bursar (who was appoSnted in May
2024), an Asslstant Head and Head of Early Years, two Deputy Heads who split responslbllities betW8en
Academic and Pastoral, and an Asslstanl Head who was responsible for partnerships and Innovatlon and an
Asslstant Head who oversees Inclusion. The Head of Finance was responsible for financial matters.
The School contlnued to grow over the course of the year. Its financial posltlon contlnued to strengthen, wlth
strong pupll numbers and reputational distinction achieved by academic and sporting ex¢ell8nc8, in addition to
its most rècent I Sl Inspectlon. Th8 School continued to achleve all its key objectlves In the dellvery of an excellent
educatlonal environment for local families seeklng private edu¢atlon for chlldren aged from 2 to 11 years old, In
a Co-educational, mixed ability Setting.
Numbers on roll steadily increased from 438 in September 2023 to 455 at Ihe end of the year under revi8W.
Strong pupil number5 and carefvl cost Control were the major factors in the aGhievement of a healthy operating
surplus of £410K.
Page 5

ST PIRAN'S SCHOOL LIMITED
{A Company Llmlted by Guarantee)
GOVERNORS, ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
Achievoments and Performance (contlnued)
During the year under revlew slgnlficant progress was made against the agreed School Improvement plan
targets:
arget
Ensure St Piran's provides a sustainable
ture for all
chievement
he School continued to develop It's outdoor learning spaces, which
ncluded a new gardening area, Chicken Coup, Den Building and the
econd outdoor classroom.
Pupils monitored food waste wlthin the school and energy leaders
onitored and ensured that Ilghling and digital power was used as
nd when requlred,
Develop leaders at all16v8ls, so they
have the skllls and qualltles to nurture a
chool Culture in which all individuals can
hrive.
oaching continued for senior and middlè188ders delivered by
6xperlenc8d executive coaches. Heads of Y8ar met weekly wlth the
Deputy Head Pastoral and Heads of Department with the Deputy
Head Academic to focus on the pastoral and academ1¢ development
of our puplls.
ear 6 pupils took on al least leadershlp responsibilities across
subjects, Clans (our Houses) and as leaders of our four counclls
cross the Pupil Pafliament. The Safety Councll Installed a new
solar panelled speed sign on the drive and Ihe Leaming Council
brought Virtual Headsets Into the classrooms with investment from
he St Piran's Society.
Ulilise Evidence based research to
develop a truly 21st Century Curriculum
he School formed a new partnershlp and trainlng schedule for staff
nd Ihen puplls with the Harmony Project. This provlded a coherent
structure for our ¢urrlculum for educatlon from Nursery through to
ear 6. INSETS enabled staff to plan and prepare for change and
he Importance of leaming from and not just about the Harmony
Project's slx principles of nature.
Mlcrosoft Experts within the school contlnued to ploneer our work as
a Microsoft Showcase School whilst developing new Al partnerships
ith Magic School and School Al.
Embed a conslstent approach to positive
behavlour growth wlthln our pupils and
staff
Our Well Being Council led this work with a pupil revlew of our
Behaviour Code and assemblies to support positive mental health.
his took the theme of'moving for our Mental Health., A new
reflection step was included within the school's Behaviour Policy and
e introduced 'Conne¢ting Classrooms, where older pupils spent
early morning time wlth younger pupils helping them wlth core
learning alongslde some pastoral advlce and support. Pupils
ccessed the woodland areas during playtimes enabling discovery
nd exploration alongside tradltional ball games on wlther the astro
or school fields.
Page 6

ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarantee)
GOVERNORS, ANNUAL REPORT Icontinu8d)
FOR THE YEAR ENDED 31 AUGUST 2024
Achiovements and Performance (continued)
argot
Champlon Diversity & Inclusion to meet
he n88ds of all
chlevement
he'Tailored Learning Centre, of TLC continued to provide bespoke
support to puplls with neuro-diverslty alongside those with EAL and
Gifted and Talented. Naw tracking was put in place, whlch included
he adoption of pupll passports for thos8 on the SEND register whlch
enabled all leachers to have summary access to need and
rovision. Towards thé end of the year, the new SENCO developed
new provislon mapping syst8m for deployment in the next
cademic year.
wld8 range of cultures were experienced by children during the
ear ranging from celebrations for th8 Coronation to Chinese New
ear lo language endchment actlvlt18s in French, Sp8nlsh, Italian
nd Latln.
Maxlmlse the potentlal of staff and pupils
hrough intelligent systems that meet the
need5 of our entire St Piran's family
Development of our Management Information Systems
ontlnued during the year with the Implementation of the
dmissions modul& and the introduction of a new billlng
ystem for parents. This posts bills lo a secure Parent
Portal reducing Ihe rlsk of phishing and fraud and
Ilminallng Ihe need for paper bills.
Create an archive of St Piran's School
hat is used and treasured by all.
Plans have been made to work towards displaying
rchives in our Board Room and to involve children In the
lassification process. A second volume of our Millstone
Book has been commissloned to cover 1982- 2019 and a
st Piran's Alumni day wag held in the summer term
ttend8d by ￿entY older ex-pupils. In addltlon, recent
leavers were hosled for a rounders and crlcket afternoon.
Design an Upper School Slte Plan which
nables the eldast pupils to thrive and
prepares them for senior school
ransitlon
Opllons for a sustalnable building have been explored
durlng the year with plans and quotes being obtained.
However, wllh the change in government and introductlon of VAT for
he next academic year, it was declded to postpone any significant
capital projects.
The School's focus on a skills-based approach to leaming continued to underpin the curriculum with teachers
priorilising the skills children need, with the aim of giving children skills for lif8. In the 11 + the examlnatlons th8
School had a pass rate of 70%, just under the five-year average of 750/0. In addltlon, 16 scholarships to
independent senior schools were awarded covering Sport, Academic, Music and Art awards.
The School is non-selective but academic achlevements are Impressive across all year groups. However, the
School goes beyond purely academi¢ achievement and focuses on social skills, empathy and charity.
Reinforcing the School's Christian values, pupils are involved in many charitable events and considering those
less fortunate than themselves continues to be a topic of many assemblies and Personal, Health and Social
Education classes.
Page 7

ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarantee)
GOVERNORS, ANNUAL REPORT (continu6d)
FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and Performance (continued)
The School's four Councils made up the Pupll Parllament during the year under review and met regularly each
t8mi, discussing ways to Improv8 the School for its pupils, focuslng on wellbeing. aco matters, health and safety
and the School's learnlng. The Councils achieved a great daal during the year under review. The Wellbalng
Council surveyed children to see how and wher8 thay felt safe and how the School could d8V81op in improving
its mental health. Dlscusslons about kindness played a vital part of Friendship Week and resourc&s such as
fidget toys and calming lights were purchased for the Wellbeing Room along with naw books for classrooms.
This Council worked on connectlng wlth EYFS during Children's Mental Health Week, and with the games staff
to get 6V8ryone outdoors with the aim of improvlng wellbeing and menial health. The Learning Councll worked
on a project to rename all the classes wlth set names, rather than b&ing named after the teachers and tharefore
havlng to change aach y8ar. Their focus on MET Imotlvalion, engagement and thinking) Inspired the new class
names which will be used from Septernber 2024. The Safety Council reviewed areas ofthe School from a h8alth
and safety perspèctive, checklng varlous facilities such as the Early Years playground and new gates with the
Head of Facilities. Finally, the Eco Council inltlated the planting of various fruits, vegetables, and herbs and sown
seeds, enjoylng time outdoors and embraclng sustainabilily every day.
To d8velop resilience and self-confldence, pupi15 are encouraged to step out5Ide thelr Gomfort zone, make the
most of any opportunity, to have a go and to18am how to take risks. Thls begins in the Early Years. wlth various
responslbllltlas belng glv8n to pupils. They begln to speak in front of Ihelr peers, ask questions of and challeng8
each oth8r. Sport, music and drama are all used as vehicles to develop social Interaction skllls and self-belief.
During the year under review speclflc actlvilies included Reception children completing a Mlnl First Aid course
and Nursery children learning about suslalnability and where food comes from.
The 2023124 year bullt on th8 post COVID return to a full range ofperformance opportunities for puplls. Receptlon
and Pre-school performed their Boogie Woogle Nativity in the Christmas Term. Tha Easter terms temi saw Year
3 perfom both Peter Pan and Jill and Fred's Most Hysterical Historical Adventure and Year 6 closed out the
summer term with their performance of Oliver Jr. At Chrlstmas the Chapel Choir performed at the Advent Chapel
Service, as well a5 the Carol SeNice at st Luke's Church, Maidenhead.
A busy programm8 of both residential and day trlps took place over the year, includlng the Year 4 residential to
Mill on the Brue, the Year 5 residential lo Osmlnglon Bay, the Year 6 week-long residential to Battisborough
Hous8. Y8ar 3 visited the Battle of Brlllan Bunker at Hllllngdon as part of the ¢omm8moralion of the 801h
annlversary of the Battle of Brilian. These visits and activities are one way In which the School enrlches the
curriculum for children across the School.
There was success again for St Piran's at sports with a full timetable of home and away fixtures In all sports,
giving all children the chance to participate. There were notable achievements this year including tha girls,
hockey team achlevlng third place in the country at the IAPS National Final, the U11 netball team won the
regional title before heading to the national finals and finishing in the top 10. The U11 boys Irampolining team
secured a first in the National School Finals Novlce category.
Fundraising
St Piran's Society once again supported the School's sense offamily and community throughout the year under
review. The Society fundraised on behalf of the S¢hool. The Society used a professional fundraising service for
Ihe auctlon held during its annual summer ball. Fundraising was not subject to an undertaking to be bound by
any voluntary scheTne for regulating fund-raising, or any voluntary standard of fund-raising, in respect of activities
on behalf of the charity. However, the School monltored fundraising activities carried out on behalf of tho charity
for the purpose of fund-raising, by regular review with the Headmastor and the Governors at the Flnance and
Genoral Purposo rneetings, held termly, and by regular soclety planning meetings thattook place throughout the
year. The charity received no complaints with regards lo its fundraising activities for the year and the School
ensured that Ihere was sufficient protection for vulnerable people and other members of the public from
behavlour within subsection {2) in the Course of. or in connection with, such activities. events during times of
hardship, at the discretion of the Headmaster.
Page 8

ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarantee)
GOVERNORS, ANNUAL REPORT Icontinu8d
FOR THE YEAR ENDED 31 AUGUST 2024
Fundralsing {contlnued)
These protections included no active or direct pursual of funds from any paty. all events being optional, and a
provision to allow access to Fundralslng Included hosting a variety ofevents, both for the parent community and
the School's pupils. Flagship events such as the Summer Ball were well attended and were a huge fundraising
success. Further activilies Included Christmas wreath maklng. the open mic night, the Chrlslmas grotto and card
competltlon, a roller disco, Valentine's discos, Easter egg hunt, Mothèrfs Day merchandise, and a pettlng zoo.
Thls engaged all year groups in active. imaglnative and educallonal adventures. In addition, the school uniform
shop continued to offer a source of fundraising thal encourages reuse of uniform and aids su5tainabllily.
Going Concern
After making appropriate enqulrles, the Board of Gov8mors has a reasonable exp8Ctation that the Charlty has
adequale resources to continue in operational existence for the foreseeable future. Further details regarding the
adoptlon of the golng concern basis can be found In the Statement of Accountlng Pollcles below.
Flnanclal Revlow {Including reserves pollcy)
After depre¢iallon, the School achieved a healthy surplus In year of £410K {2023- £363K),
Overall income was £8.1 M In th8 year ending 31 August 2024 (2023: £7.5MI. Projects undertaken during the
perlod under review included..
Adventure playground
Pre-school playground
The ABC disabled toilet
Renovated garden and path around the
ABC, Tlpp8t Hall and Music
Pre-school and Reception security fenclng
Northsld8 facelift and decoration
Fire Alarm upgrades and addltions raised from th8 flre rlsk assessment
Decoration of Year 1 and Reception classrooms and corridors
Render repairs to the boardroom balcony
Tlppet Hall alr conditioning
Drlveway speed Indlcator sign
The maln Income source was fees from puplls. The School managès flnanclal risk by closely monltoring
prospective and exlstlng pupil number5 and setting fees at an appropriate level to optimise income and cover
costs.
Reserves Pollcy
As at the balance Sheet date. total unr8Stricted funds for the year ending 31 August 2024 were £4,260K (2023:
£3.850K), which were prlncipally represented by fixed assets. The aim ofthe School's Reserves policy Isto build
up free funds to provide necessary working capital resources to enable the Charity to m88t strategic objectives
and develop the facilities and Infrastructure further to support learning excellenGe.
As at 31 August 2024, the total funds comprised-
£'ooo
£4,280
£0
Unrestricted funds
Restricted funds
Total funds
£4,260
Page g

ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarantee)
GOVERNORS, ANNUAL REPORT Icontlnued)
FOR THE YEAR ENDED 31 AUGUST 2024
Rlsk Management and Uncertaintles
The School maintains a Register of Risks which is regularly reviewed to ensure that it reflects the risks and
uncertaintles facing the School, and, if necessary. is updated annually. Such risks and uncertaintles are
assessed as elther high, medium or low. The Register is then considered by the Finance and General Purpose
Sub-committee who recommend its approval to the Board of Governors.
Governors and the Senior Management Team remalned cognitive of the macro-8conomic and ext8mal
envlronment. They ¢ontinuously scan and assess for threats includlng comp8tition and prlcing pollcy of other
schools, and the implications of the uncertainty surrounding parent affordability, particularly as th8 nation deals
with the current economic crisis. Operating costs contlnue to be monitored closely and the threat to Business
Tax Rellef, charltable status VAT on school fees.
D8SPIt8 the economic and polltlcal cllmat8 during the year under review, strong and new interesl In the School
contlnued to be hlgh. N8vertheless, in a time of economic uncertalnty there will be challeng8S to parent
affordability and hence pupil numbers, whlch underpin the School's financial security. Operating costs and school
fee Increases wlll continue to require careful conslderation.
The Governors also recognise the importance of Investment In Infrastructure and facllitl8S to m8int8ln standards
of exc8llence and to remaln competlllve In th8 mark8t sector. Investment to Ihe site and facllltles continu8s to
maximise pupil benefit from the School's educatlon and is essentlal to enable the School to compete effectlvely
against other schools, facilities and provision. Cognisance Is taken of the prevalllng political and economlc
climate in determining investment programmes and risks are fully discussed as part of the declslon-maklng
process.
The Governors continued to manage the School's financial Security by managing school fees and cosls. and by
careful investment of funds In safeguarding, educational development, IT SO￿are, compliance, reputatlon and
the School'8 Outstandlng, motlvated and valued staff body.
PLANS FOR THE FUTURE
The 2023124 year also marked the start of a flve-year plan to span the years 2024-2029, The major strands of
the plan are:
People - developing and refinlng capacity of the School's stsff to maintain and Improve the standards
of educatlon dellvered.,
Reslllence- dev81oplng r&sili8nce of the School's buslness processes to S8cur8 a successful future.,
Product- future proofing the School's facllltles by Investing appropriately and developlng and enhancing
the School's offering to its pupils; and
Process- ensurlng all processes. both educational and business, are allgned.
Pag8 10

ST PIRAN'S SCHOOL LIMITED
(A Company Limitad by Guarantee)
GOVERNORS, RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
The Governors (who are also directors of the Company for the purpose of company law) are responsible for
preparing the Governors, Annual Report (including the Strategic Report) and the financial statements in
accordance with applicable law and United KingdomAccounting Standards (United Kingdom GenerallyAccepted
Accounting Practice).
Company law requires the Governors to prepare financial statements for each financial year, which give a true
and falr view of the state of affairs of the charilable company and of the incoming resources and application of
resources, including the income and expendilure, of the charitable company for that period. In preparing these
financial statements, the Governors are required to-
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP 2019.,
m8ke judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements., and
prepare the financial statements on the 'going ryjncern basis, unless it is inappropriate to presume that
the charitable company wlll contlnue in operation.
The Governors are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
DISCLOSURE OF INFORMATION TO THE AUDITORS
We, the Directors of the Company, as set out above, who held office at the date of approval of these Financial
Stalements each Conflrm, so far as we are aware, that:
there is no relevant audit information of which the Company's auditors are unaware., and
we have taken all the steps that we oughl to have taken as directors in order to make ourselves aware of
any relevant audit information and to establish that the Company's auditors are aware of that information.
In approving the Governors, Annual Report, we also approve the Strategic Report included therein. in our
capacity as Directors.
AUDITORS
The Governors will propose the reappointment of MHA as the auditors of the Charity at the Annual General
Meeting on 30 April 2025.
This report was approved by the Governors on 26 March 2025 and signed on their behalf by:
LOR
Chair of Governors
Page 11

ST PIRAN'S SCHOOL LIMITED
(A Company Llmlted by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST PIRAN'S SCHOOL LIMITED
Opinlon
We have audited the financial statements of St Piran's School Limited {the 'charitable company,) for the year
ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement
of Cash Flows and the related notes, including a summary of significant accounting policies. The financial
reporting framework that ha5 been applied in their preparation 15 applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its
Incoming resources and application of resources, Including its income and expenditure for the year then
ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance wlth the requlrements of the Companies Act 2006,
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing {UK) {ISA8 (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the fi'nancial statements in the United Kingdom,
Including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance wth these requirements. We believe that the audlt evldence we have obtained is
sufficient and appropriate to provlde a basis for our opinion.
Conclusions relating to going concern
In audltlng the financlal statements, we have concluded that the Governors, use of the golng concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable cornpany'5 ability to
continue as a going concern for a period of at least ￿1ve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Governors with respect to going concern are desctibed in the
relevant sections of this report.
Page 12

ST PIRAN'S SCHOOL LIMITED
(A Company Limlted by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST PIRAN'S SCHOOL LIMITED
(CONTINUED)
Other Informatlon
The other information comprises the information induded in the Annual Report other than the financial
statements and our Auditor's Report thereon. The Governors are responsible for the other information contsined
within the Annual Report. Our opinion on the financial ststements does not cover the other information and,
except to the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is to read the other information and, In doing so, Consider whether the other
infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears to be materialty misstated. If we identify such material inconsistencies or apparent
material mlsstatements, we are required to detemiine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of thi5 Other information, we are required to report that fact.
We have nothlng to report in this regard.
Opinion on other matters prescrlbed by the Companios Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the infomiation glven in the Governors, Report including the Strategic Report for the financial year for
which the financial statements are prepared is consistent with the financial statements.
the Governors, Report and the Stralegic Report have been prepared in accordance wth applicable legal
requirements.
Matters on whlch we are requlr8d to r8POrt by exceptlon
In the light of our kno￿edge and understanding of the charitable company and its environment obtalned in the
course of the audit, we have not Identified material misstatements in the Governors, Report Including the
Strateglc Report.
We have nothing to report in respect of the following matters in relation to whiGh Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not visited by us; or
the financial statements are not in agreement vAth the accounting records and returns; or
certain disclosures of Governors, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.
Page 13

ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST PIRAN'S SCHOOL LIMITED
(CONTINUED)
Responsibilities of Governors
As explained more fully in the Governors, Responsibilities Statement, the Governors (who are also the diredors
of the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control a5 the
Governors determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Governor5 are responsible for assessing the charitable company'5
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the Governors either intend to liquidate the charitable company or to
cease operations, or have no realistic alternative but to do 50.
Audltorf8 responslbllltlas for the audlt of the financial 8tat•ment8
Our objectives are to obtaln reasonable assurance about ￿ether the financial statements as a ￿ole are free
from material mi5Statement, whether due to fraud or error, and to issue an Auditor's Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) wll always detect a material misstatement when it exists. Misstatements can arise
from fraud ar error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
Including fraud. The extent to which our procedures are capable of detecting irregularitles, Includlng fraud is
detailed below..
Enquiry of management around actual and potential litigatlon and daims.,
Performing audit work over the risk of management overrlde of controls, includlng testing of journal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the norrnal course of buisness and reviewing accounting estimate5 for bias,.
Reviewing minutes of meeting5 of those charged with governance.,
Reviewing financial statement disclosures and testing to supporting documentation to a55ess compliance
with laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involve5
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.fr¢.or
-uklauditorsres
onsibilities. This description forms part of our
Auditor's Report.
Page 14

30 April 2025 

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542) 



ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
other trading activities
Investments
31,292
7,299,092
686,668
62,266
31,292
7,299,092
686,668
62,266
27,492
6,759.964
627,846
43,879
Total Incom•
8,079,318
8,079,318
7,459,181
Expendlturo on:
Raislng funds
Charltable actlvities
S87,793
7,081,760
587,793
7,081,760
425,371
6,670,684
Total expendlture
7,669,S53
7,669,553
7,096,055
Net movement In fund8
409,765
409,765
363.126
Reconciliation of funds:
Total funds brought forward
Net movement in funds
3.850,178
409,765
3,850,178
409,765
3,487,052
363,126
Total funds carfled forward
4,259,943
4,259,943
3,850,178
The Statement of Financial Activitie5 includes all gains and losses recogni5ed in the year.
The notes on pages 19 to 34 form part of these financial statements.
Page 16

ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarant88)
REGISTERED NUMBER: 01047287
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Flxed ass8t8
Tangible a8set¥
13
3A26,462
3,458,105
3,426,462
3,458,105
Current assets
Debtors
Cash at bank and In hand
14
2,160,607
2,157,656
478,552
1,383,189
4,318,263
1,861,741
Creditors: amounts falling due within one
year
15
13,070,870)
(1,273,212)
Net current assets
1,247,393
588,529
Total assets less current Ilabllltlgs
4,673,855
4,046,634
Creditors.. amounts falling due after more
than one year
16
(413,9121
(196,456)
Total net assets
4,259,943
3,850,178
Charity funds
Restricted funds
Unrestricted funds
17
17
4,259,943
3,850,178
Total funds
4,259,943
3,850,178
The Governors acknowledge their responsibilities for complying wth the requirements of the Act respect to
accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Governors and signed on their behalf
YLOR
Chair of Govemors
Date..
The notes on pages 19 to 34 form part of these financial 5tstements.
Page 17

ST PIRAN'S SCHOOL LIMITED
(A Company Limit8d by Guarant88
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Cash flows from operatlng a¢tlvltles
Net cash used in operating activities (note 19)
1,012,845
452,131
Cash flows from investing aGtlvltles
Dividends, interests and rents from investments
Purchase of tanglble fixed assets
90,428
43,879
1319,369) (251,626)
Net cash usad In Invostlng actlvltle8
1228,941) (207,747)
Cash flows from flnanclng actlvlties
Decrease In finance lease (note 21)
19,437)
138,604)
Net cash used In flnanclng actlvitles
19,437)
138,604)
Change in cash and cash equlvalents In the year
Cash and cash equivalents at the beglnning of the year
774,467
205,780
1,383,189
1,177,409
Cash and Gash equlvalonts at the end of th8 year (note 20
2,157,656
1,383,189
The notes on pages 19 to 34 form part of these financial statements
Page18

ST PIRAN'S SCHOOL LIMITED
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Goneral inforniation
st Piran's School Limited is a private company limited by guarantee, incorporated in England and Wales
registration number 01047287, charity number 309094. In the event of the company being wound up, the
liability in respect of the guarantee 15 limrted to £1 per member of the company. The address of its
principal place of business is Gringer Hill, Maidenhead, Berkshire, SL6 7LZ, United Kingdom.
The principal activity of the company is the provision of primary school education.
The financial statements are presented in sterling which is the functional currency of the Company and
rounded to the nearest £1.
Accounllng pollcles
2.1 Basis of preparation of financial statements
The flnanclal statements have been prepared in accordance with the Charities SORP IFRS 102)
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charib-es
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102) {issued in October 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Ad 2006.
st Piran's School Limited meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless othe￿ise stated in the
relevant accounting policy.
2.2 Going Concern
The Governors have perfomied a robust analysis of forecast future cash flows taking into account the
potential impact on the school of possible future scenarios.This analysis also considers the
effectiveness of available measures to assist in mitigating the impacts.
Based on these assessments and having regard to the resources available to the entity, the
Govemors have concluded that there is no material uncertainty and that they can continue to adopt
the going concem basis in preparing the annual report and account5. Further details of this
assessment can be found on page 7 of the Governors, report.
Page 19

ST PIRAN'S SCHOOL LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policles (contlnued)
2.3 Income
All income is recognised once the charitsble company has entitlement to the income, it is probable
that the income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are recognised when the company has control over the item, any
conditions associated with the donated item have been met, the receipt of economic benefit from the
use of the item is probable and that economic benefit can be measured reliably. In accordance with
the Charities SORP {FRS 102), the general volunteer time of the Friends is not recognised and refer
to the Governors, Report for more informalion about their contribution.
On receipt, donated professional services and facilities are recognlsed on the basis of the value of
the gift to the charitable company which is the amount it would have been wlling to pay to obtain
services or facilities of equivalent economlc benefrt on the open market., a corresponding amount is
then recognised in expendlture In the period of receipt.
Income tax recoverable in relatlon to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income Is recognised at the time the investment
income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of the service.
2,4 Expenditure
Expenditure is recognised once there Is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits wll be required in settlement and
the amount of the obligation can be measured reliably. Expenditure Is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity- Direct costs attTibutsble to a single activity are allocated directly
to that aGtiVty. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned be￿een those activities on a basi5 consistent with
the use of resource5. Central staff costs are allocated on the basis of time spent.
Support costs are those costs incurred directly in support of the objective5 of the company.
Governance costs are those incurred in connection wth administration of the company and
compliance with constitutional and statutory requirements.
Expenditure on raising funds includes all expenditure incurred by the Charitable company to raise
funds for its charitable purposes and includes costs of all fundraising activities events and non-
charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
haritable companvs objectives, as well as any associated support costs.
Page 20

ST PIRAN'S SCHOOL LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng pollcles Icontlnued)
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charitable company; this is normally upon notification of the interest paid or payable by
the institution wth whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £1,000 or more are capitalised and recognised ￿en future economlc
benefits are probable and the cost or value of the asset can be measured reliably,
Tangible fixed assets are Inltlally recognlsed at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tanglble fixed asset into ils intended worklng condition should be
Included in the measurement of cost.
At each reporting date the charitable company assesses whether there is any indication of
impairment. If Such indication exists, the recoverable amount of the asset is determined to be the
higher of its fair value less costs to sell and its value in use. An impaimient Ioss 15 recognised where
the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the followlng bases..
Land
Buildings
Motor vehicles
Fixtures and fittings
CompLrter equipment
The Alix Burnage Centre
(Previously the St Piran's
Centre)
5 to 50 years
5 years
5t0 10years
3 to 5 years
5 to 50 years
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in the Statement of Financial Activities.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments wth a short maturity
of three months or less from the date of acquisits-on or opening of the deposit or similar account.
Page 21

ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting poliGi95 IGontinued)
2.9 Liabilities and provisions
Liabilities are recogni5ed ￿en there is an obligation at the Balance Sheet date as a result of a past
event, it 15 probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the arnount that the charitable company anticipates it wll pay to settle the
debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.10 Financial instruments
The charitable company only has financlal assets and financial liabilities of a klnd that quality as basic
financial instruments. Basic financial instrument5 are initially recognised at transacts-on value and
subsequently measured at their settlement value with the exception of bank loan5 which are
subsequently measured at amortised cost using the effeGtive interest method.
2.11 Finance leases and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their
useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases
are those where substantially all of the benefits and risks of ownership are assumed by the charitable
company. Obligations under such agreements are included in creditors, net of the finance charge
allocated to future periods. The finance element of the rental payment is charged to the Statement of
Financial Activities so as to produce a Constant periodic rate of charge on the net obligation
outstanding in each period.
2.12 Operating leases
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight
line basis over the lease term.
2.13 Pensions
Retirement benefits to employees of the school were provided by APTIS, a defined contribution
scheme. From January 2022 all staff were enrolled in APTIS. Prior to that date, non-teaching staff
made contributions to People's Pension.
Page 22

ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng pollcles (continued)
2.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Governors in
furtherance of the general objectives of the charitable company and which have not been designated
for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
2.15 Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, Includlng expectations of future events that are believed to be reasonable under the
circumstances.
The judgements that have had a significant effect on amounts recognised In the financial statements
are those concerning the choice of depreciation policies and asset Ilves.
Income from donatlon8 and legacles
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
31,292
31,292
27,492
In 2024 and 2023 all Income from donations wa$ unrestricted.
Income from charitable actlvltles
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Fees receivable
Bursaries, scholarships and discounts
Music lessons and other income
7,429,854
1359,586)
229,024
7,429,654
6,845,306
(359,586) (281,306)
229,024
195,964
Total 2024
7,299,092
7,299,092
6,759,964
In 2024 and 2023 all income from charitable activities was unrestricted.
Page 23

ST PIRAN'S SCHOOL LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Other tradlng actlvltles
Income from fundralslng events
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Sports hall income
Other income
Forfeited deposlts
283,441
387,227
16,000
283,441
387,227
16,000
171,604
441,242
15,000
Total 2024
686,668
686,668
627,848
In 2024 all income from fundraising activities was unrestricted.
Investment income
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Bank Interest
62,266
62,266
43,879
Page 24

ST PIRAN'S SCHOOL LIMITED
{A Company Limitsd by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Expenditure on raising funds
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
The Alix Burnage Centre expenses including salaries
(Previously St Piran's Centre)
Other costs
Estsblishment vmges
Depreclatlon
233,182
12,397
291,008
51,206
233,182
12,397
291,008
51,206
234,698
11,708
137,319
41,646
Total 2024
587,793
587,793
425,371
In 2024 and 2023 all expenditure on raising funds was unrestricted.
Analy81s of expendlture on charltsble a¢tlvltles
Actlvities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Provision of education
4,995,779
2.085,981
7,081,760
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Provision of education
4.470,799
2,199,885
6,670.684
Page 25

ST PIRAN'S SCHOOL UMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expendlture on charitable activities (continued)
Analysls of dlrect costs
Total
funds
2024
Total
funds
2023
Teaching and house salaries
Tuition materials
Other direct costs
3,900.899
495,922
598,958
3.557,619
396,245
516,935
Total 2024
4,995,779
4,470,799
In 2024 and 2023 all expenditure on direct costs was unrestricted.
Analysis of support costs
Total
funds
2024
Total
funds
2023
Staff costs
Depreciation
Finance
Premises
Office management
Govemance costs
694,555
281,081
3,836
784,524
205.163
116,822
794,202
319,948
26,406
835,129
129.729
94,471
Totsl 2024
2,085,981
2.199,885
In 2024 and 2023 all expenditure on support costs was unrestricted.
Page 26

ST PIRAN'S SCHOOL LIMITED
(A Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Net Incom8118xp8ndlture)
2024
2023
This 1$ stated after charging..
Depreciation of tanglble flxed assets:
- owned by the charity
held under finance leases
Auditors, remuneration - audlt
Auditors, remuneration - other seNlce8
Operating lease rentals
322,405
9.882
13,750
3,640
16.506
324,802
36,792
12,100
3.440
25,081
10. Staff costs
2024
2023
Wages and salarie5
Social security costs
Contribution to defined contribution pension schemes
4,212.786
361,159
312,517
3.860,374
328,995
299,771
4,886,462
4,489,140
The average number of persons employed by the charitable company during the year was as follows..
2024
No.
2023
Teacherg
Other staff
Management
48
100
106
156
150
Page 27

ST PIRAN'S SCHOOL LIMITED
IA Company Limitèd by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. Staff costs (contlnued)
The average headcount expressed as full-time equivalents was..
2024
2023
No.
Administratlon
Domestic
Grounds
Teaching
Teaching assistants
Nursery nurses
The Alix Burnage Centre (Previously St Plran's Centre)
38
21
16
38
21
16
101
99
The number of employees whose employee benefrts (excluding employer penslon costs) exceeded
£60,000 was..
2024
2023
No.
In the band £60,001- £70,000
In the band £100,001- £110,000
The key management personnel of the charrtable company comprlse the Governors and the senior
management team as Ilsted on page 1. The total amount of employee benefits (including employer
pension contributions and employers national insurance contribution5) received by key management
personnel for their services to the charitable company was £579,08212023'. £454,396),
11. Governors. remuneration and expenses
During the year, no Governors received any remuneration or other benefits12023- £NIL).
Durlng the year ended 31 August 2024, no Govemor expenses have been incurred {2023- £NIL).
12.
Interest payable
2024
2023
Finance charges
3,836
3,549
3,836
3,549
Page 28

ST PIRAN'S SCHOOL LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Tanglble flxed assets
Freehold
property
Motor
Flxtures
Computer Oth8r fixed
vehlcl88 and Ilttlngs equipment
assets
Total
Cost or valuation
At 1 September 2023
Additions
Disposals
4,051.186
68,076
(31.703)
110,176
1,004,521
92,240
(165,374)
567,716
109,300
(43,919)
1.577,865 7,311,464
49.753
319.369
(240,996)
At 31 August 2024
4,087,559
110,176
931,387
633,097
1,627,618 7,389,837
Depreciation
At 1 September 2023
Charge for the year
On disposals
1,739,672
146,790
(12,978)
102,268
7,591
797,548
55,952
{165,374)
463,608
70,748
(43,919)
750,263 3,853,359
51,206
332,287
(222.271)
At 31 August 2024
1,873,484
109,859
688,126
490,437
801,469 3,963,375
Net book value
At 31 August 2024
2,214,075
317
243,261
142,660
826,149 3,426,462
At 31 August 2023
2,311,514
7,908
206,973
104,108
827,602 3,458,105
The net book value of assets held under finance leases or hire purchase contracts, included above, are
as follows..
2024
2023
Computer equipment
22,019
31,903
22,019
31,903
Page 29

ST PIRAN'S SCHOOL LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14.
Dobtors
2024
2023
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
1,888,157
36.037
236,413
217,687
65,514
195,351
2,160,607
478,552
Trade debtors relates to fee Involces ralsed for Autumn Term 2024 fees not due untll September 2024
and other fee debtors. Due to a finance system change Since September 2023 invoices have been issued
In advance of the commencement of term. Prevlous to the system change requests for payments were
issued prior to the commencement of terrn and invoices issued subsequently. (2023.. trade debtors
related to other fee debtors for 2022123).
15. Credltors: Amounts falllng due within ono year
2024
2023
School depostts
Trade creditors
Other taxation and soclal security
Net obligations under finance lease and hire purchase contracts
Pension contributions payable
Accruals and deferred income
46,000
205,248
87,076
9,437
45,675
2,677.434
42,000
71,444
80,693
9,437
1,069,638
3,070,870
1,273,212
Page 30

ST PIRAN'S SCHOOL LIMITED
(A Company Limlted by Guarant88)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Cr8dltors: Amounts falling due wlthln one year (continu8dl
2024
2023
Deferred Income at 1 September
Resources deferred during the year
Amounts released from previous periods
860,894
935,231
2,546,746
860,894
1860,894) (935,231)
2,546,746
860,894
Oeferred Income related to Autumn Term fees invoiced in advance and school trips taking place next year.
(2023.. deferred income related to Autumn Term fees received in advance and school trips taking place in
the next yearl. Due to a finance system change since September 2023 invoices have been issued in
advance of the commencement of term. Previous to the system change requests for payments were
issued prior to the commencement of term and invoices i55ued subsequently.
Creditors due within one year include £45,675 (2023.. £nil) relating to outstanding pension contributions.
The bank facilities, comprising an overdraft facility of £100,000, are secured by fixed and floating charges
over the School's assets.
16. Credltor8: Amounts falllng due after more than one year
2024
2023
School deposits
Net obllgations under finance lease and hlre purchase contracts
Accruals and deferred income
166,600
12,019
236,393
175,000
21,466
413,912
196,456
Obligations under finance leases and hlre purchase contracts, included above, are payable as follows..
2024
2023
Between one and five years
12,019
21,456
Page 31

ST PIRAN'S SCHOOL LIMITED
IA Company LTmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
17. Statement of funds
statement of funds - current year
Balance at I
September
2023
Balance at
31 August
2024
Income Expendltur8
Unrestricted funds
General Funds
3,860,178
8,079,318
(7,669,553) 4,259,943
ststement of funds - prlor year
Balance at
1 September
2022
Balance at
31 August
2023
Incorne Expenditure
Unrestricted funds
General Funds
3,487,052
7,740,487
17,377,361) 3,850,178
18. Analysls of net a95ets betwe•n funds
Analy81s of net assets between funds - current perlod
UnrestrlGted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due wthin one year
Creditors due in more than one year
3,426,462
3,426,462
4,318,263
4.318,263
(3,070,870) (3,070,870)
1413,912) 1413,912)
Totsl
4,259,943
4.259.943
Page 32

ST PIRAN'S SCHOOL LIMITED
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
18. Analysis of net assets between funds (continued)
Analysls of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Tangible flxed assets
Current assets
Creditors due within one year
Creditors due in more than one year
3,458,105
3,458,105
1,861,741
1,861,741
<1,273,212) 11,273,212)
1196,456) (196,456)
Totsl
3,850,178
3,850,178
19. Reconciliatlon of net movement In fund5 to net cash flow from operatlng actlvltios
2024
2023
Net income for the period las per Statement of Financial Activities)
409,765
363,126
Adjustments for..
Depreciation Charge5
Dividends, interests and rents from investments
Increase in debtors
Increasel(decreasel In creditors
332,287
162,266)
11,682,055
2,015,114
361,594
143,879>
(31,970)
{196,740)
Net cash provided by operating activities
1,012,845
452,131
20. Analysls of cash and cash equlvalents
2024
2023
Cash at bank and in hand
2,157,656
1,383,189
Total cash and cash equivalents
2,157,656
1,383,189
Page 33

ST PIRAN'S SCHOOL LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
21. Analysls of changes in net debt
At1
September
At31
2023 Cash flows August 2024
Cash at bank and in hand
Debt due within 1 year
Flnance leases
1,383,189
774,467
{45,675)
,437
2,157,656
(45,675)
(21,456)
(30,893)
1,352,296
738,229
2.090,525
22. Pen3lon commltmonts
All company employees belong to APTIS for academlc and related staff, a defined contribution pension
scheme. Until 31 December 2021, non-leaching staff were enrolled in People's Pension.
23. Operatlng loa5e commitments
At 31 August 2024 the charitable company had commitments to make future minimum lease payments
under non-cancellable operating leases a5 follows-
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
16,606
7,893
25,081
24,399
24,399
49,480
Rolated party transactlons
In the year to 31 August 2024, the school has employed,. A Sales, wife of Head., E Taylor, daughter of the
Chair of Governors, L Robinson, wfe of key management personnel and A Richmond, son of head of
EYFS. These employees are paid at normal commercial rates with no involvement by the related party in
the decision making proces8.
Page 34