Charlty Re¥lstratlon Number: 309490
CHARITY
COMMISSION
copy
REPORT OF THE GOVERNORS, STRATEGIC REPORT AND
FIt4ANCIAL STATEMENTS FOR THÉ YEAR ENDED 31 AVGVST 2024
FOR
SANDROYD SCHOOL TRUST UMITED
A COMPANY LIMITED BY GUARANTEE

SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANTEE
INDEX TO THE FINANCIAL STATEMENTS
for the year ended 31 Au8USt 2024
Page
Company Informatlon
Report of the Governors Ilncludln8 Strateglc Reportl
Report of the Audftors
Stat•ment of Financlal Actlvltles
li
Balance Sheet
12
Cash Flow Statement
13
Notes to the Cash Flow Statement
14
Notes to the Fithandal Statements
15

SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANfEE
COMPANY INFORMATION
for the year ended 31 August 2024
GOVERNORS:
Rhodri Thomas
Slmon Barber
Jaideep Barot
Paul Bird
Peter 8ourke
Elizabeth Brierley
Charles M¢Velgh
Laura Miles
Oliver Stanley
George Whitefield
Fellclty Wllson
Phlllppa Zlngg
Casidhe Baleri
Genevieve Ford
Benjamin Vessey
Guy Anderson
(Chairman)
(resigned l December 20231
(resigned l December 20231
(appointed l January 2024)
(appointed 16 October 20231
(appointed 19 February 2024)
lappolnted 21 June 2024)
HEADMASTER:
Alastalr Speers
SECRETARY:
Rupert Burnell-Nu8ent
PRINCIPAL ADDRES5:
Rushmore
Tollard Royal
Salisbury
SP5 5QD
REGISTEREO OFFICE:
Wlndover House
St Ann Street
Sallsbury
SPI 2DR
REGISTERED NUMBER;
552767 IEngland and Wales)
CHARI￿ REGISTRAlloN
NUMBER:
309490
AUDITORS..
Fawcetts LLP
Chartered Accountants
and Statutory Audltors
Windover House
St Ann Street
Salisbury
SPI 2DR
BANKERS:
Lloyds Bank plc
38 Blue Boar Row
Sallsbury
SPI IDA
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SANDROYD SCHOOL TRUST IIMITED
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE GOVERNORS
for the year ended 31 August 20Z4
The Governors present thelr report together, wlth theirstrateglc Report, and the audlted flnancial statements for the year endèd 31
Au8U5t 2024 and conflrm they are In accordance with the Financi31 Reportin8 standard appllcable In the UK and Republic of Ireland
IFRS 1021, effectlve from l January 2015 - Charitie5 SORP IFRS 1021. and the Companles Act 2006.
STRucfuRE. GOVERNANCE AND MANAGEMETr
Prlnclpal Activlty
The prlnclpal actlvity ofthe charSty In the year under revlew was that of runnlng an indeperbdent preparatory school, pre-preparatory
school and nursery for boys and girls between the ages of 2 and 13 at Tollard Royal, Wlltshlre.
Staiu$ and Constltutlon
Sandroyd Schoc>l wa5 founded In 1888, incorporated on 30 July 1955 and reglstered a5 a charity on 4 October 1963.
The Governln8 Bodv
The Artleles of Assoclatlon provlde that there shall be a minlmum of seven and a maximum of flfteen Governors. who also act as
trustees of the charlly. Governors 3re oppolnted for a term offive years. but may be re-elected subjectto a maximum of three terms
of office. The Governors have identified that, In order to carry out Its dutlès effectively and efflclently, the Board of Governor5
requires a range of skllls and breadth of experlonce. Suitable candidates are Identlfied by the Appolntments Committee from current
and past parents of pupils. from old Sandroydians and frorn the business and professional community. The followln8 skllls and
experlence amongst other5 are identlfled as belng important and are represented on the present Board of Govemor5;.
Education
Pastoral Care
The Law
Flnance and Accountancv
Buslness Management and Adminlstration
Property Management and Development
M3rketlng
The Arts
At least one parent Governor Is appolnted.
Governors, Inductlon and Tralnlns
New Governor5 are provided wlth the Sèndroyd Governors, inductlon pack which Includes coples of the Articles of Asso¢iatlon, latest
annual report and flnancSal statements, current annual budgel, Strategic plan, rnlnutesof the lastthree Governor5, meeting5, Guidance
for Trustees and Governors publlshed by the Charfty Commlsslon and the Independent Schools Councll and copies of the school
prospectus and publlcations. New Governors are glven a corbducted InSpec￿On of the school's facllllle5 and are Invlted to a meeting
wlth the Chalrman of Governors. All Governors are encouraged to attend approprlate extern?1 trainlng semlnars and conferences,
Jnd otcaslonal on-slte tralnln8 for Governors is arranged,
Oryanlsatlonal Managemenl
The Governor5, as trustees of the charity, a￿ legally responslble for the overall management and control of the school and the Board
of Governors meets formally at leastonce a term. The workof lrnplementlng most of the Board'5 policles Is delegated to the followlng
sub-commlttee5 which generally meet at least once a term, or as necessary..
Flnance and Staffing Committee
Academic Comm5ttee
Nominatlons Committee (for the Appointment of New Governors)
Bursaries and Public Beneflt Committee
Compliance and Welfare Commlttee
Governors are also represented on the Health and safety Commlttee
The day to day running of the school Is delegèted to the Headmaster sUPPOrted by hls Senior managernent tearn. The Headmaster
and Bursar attend all meetings of the Board and appropriate rommittees.
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SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUAPATrnEE
REPORT OF THE GOVERNORS
forthe year ended 31 Au8USt 2024
Contlnued from pa8e 2
Rlsk Management
The Board of Governor5 is responsible for management of the risks faced by the school. A system is in place which enables the
Governor5 to identify the malor risks,. to foimali5e and record the controls In place to minim15e each ri5k,' and to identify and record
the person primarily responsible for controlling each rlsk and for monltorlng the contro5s on a regular basls. All of thls informationls
recorded In the school's Rlsk Reglster whlch Ss 3pproved by the Board of Governors. and re8ularly updated. Examples of entries in
the rlsk reglster are=
We constantly monltor feedback from parents In order to meet their need5 and remain competltive.
We closely monltor the wlder economlc and polltlcal envlronment. and plan for varlous scenarlos to ensure the flnanclal
stablllty of the school.
We monitor cash flow on a monthly basls to ensure that the approprlate level of Ilquldity Is maintalned.
Our governlng body regul8dy undertakès a self-assessment exercise to ensu￿ both that the Indlvldual governors have the
appropriate knowledge and that the 8overning body 55 operatin8 effectively.
We conduct regular malntenance on our IT Infrastructure and run comprehenslve data backup procedures In order to
mltlgate a8alnst the rlsk of an IT network fallure.
The Governors are Satisfied that, through thi5 risk management system, the major Identified risks have been adequately mltl#ated.
However, it15 reco8nised that risk management systems can only provlde reasonable- but not absolute- assurance that the majoT
rSsks faclng the school have been, and are beln& adequately rnanaged.
OBJECTS, AIMSAND OBJEcfivES
Objects and Alms
The ¢harlty's objects, as set out In the Artlcles of Asso¢lation, include the carrying on in the Unlted Klngdorn of any boardlng or day
school for the education of boys andlor 8ir15, The Governors have revlewed the previou5 Memorandum and Articles of A5soclatlon
to reflect the relevant provisions of the Charitie5 Act 2016 and the Companies Act 2006, and to bring thern into line with current
standards ol good governance. The revlsed Artl¢les of Association were adopted on 12 March 2010followlng approval by the Charlty
Commi5slon.
The charlty alms to provlde and malntaln an Independent, co-educatlonal preparatory and pre-preparatory boardlng and day school
and nursery forchlldren between the agès of 2 and 13. It 15 the 5chool'5 policy to provide the hi8hest standard of edutatlon by means
of strong academic teaching coupled with the development of wider sportlng, artistlc, cultural and Social 5ki115 in all its pupils. The
alm Is to create and malntaln a carlng envlronment In whlch each and every pupll can develop and fulfll thelrf ull potentlal and therebv
build self-confidence and contrlbute to the Ilfe of the community.
STRATEGIC REPORT
Objectlves for the Year 2023124
Key oblectives for 2023124 included:
To further enhance the school's reputation a5 a leadlng traditlon31 boardlng p￿p school.
To contlnue to Improve the quality of teaching and learning to ensure thot continual excellent academic progress Is made
by all puplls.
To malntaln and bulld on the excellent levels of achlevernent rnade by puplls In all extra currlcula attlvltles.
To Invest In and deliver contlnued 5t3ff profes51onal development.
To 8enerate a flnancial surplus for the year, ensurlnB financlal reslllence and prudent financlal stewardshlp of the School
for the long temi.
To contlnue to Invest in the school's sports and extra currlcula facllltles.
To contlnue to reduce the c8rbon footprlnt and Improve the reslllence of the school.
To secure fundlng for transformatlonal bursarfes.
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SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE GOVEIINORS
for the year ended 31 August 2024
Contlnued from page 3
REVIEW OF PERFORMANCE FOR THE YEAR 2023/24
The school opened the year wlth 172 child￿n in the prep school, 25 In the pre-prep and 14 In the nursery. The academic year ended
with 185 in the prep school. 27 In the pre-prep and 21 In the nursery, with pupil numbers in¢reasing over the course of the academic
year. The majority of pupils in the prep school were full boarders. wlth 132 full boarders. which represented 71% of the prep school.
International student numbers reprèsented 14% of the prep school, and Included chlldren from Spaln, France, Japan, Chlna and
Russla, as well as one Ukralnian chlld who was supported with a bursary. The school contlnued to be full in most year groups and
boardln8 houses.
In Ilne wlth the school's objectlves, pupils have continued to make excellent academlc progress. Test results have shown that the
thlldren continue to exceed the national average. All our Year 8 leavers achleved their first cholce of Senlor school, and io
scholar5hlp9 were awarded In a range of subjects, demonstrattnÈ our continued nurturln8 of children's pa551ons and achievements
across the currlculurn=
l Academlc Scholar5fv1p (Marlboroughl and i Academlc Award Imonktonl
l Art 5cholarshlps
l Muslc Scholarshlp
4 Performing Arts Scholar5hlps
3 sports Scholarships
Our teachers have rontlnued to deliver the extenslve academic currlculum. as well as mentorln8 and coachlng pupils to achleve thelr
full potential. All children In the prep school now receive dedicated one-tO￿ne tutor sessions every week, 5ta*F have contlnued wlth
ba51s.
extenslveformal and infomial professional developrnenti IncludlnB weeklystaff brlefings toshare Ideas and good prartlce on a regular
The new Performance Arts Centre has provlded a dedicated hub for teachin8 and rehearslng music and performln8 arts. Puplls have
appropr13te 5toraÈe fortheir Instruments, music and equlpment, and are able to acce5S the centre In the early mornln8s and evenln8S
for supervlsed practlce sesslons,
The school contlnued to develop the extrJ<urricular offering acros5 the Performance Arts dls¢lpllne5, wlth many of these taklng place
at break times, lunch time5 and durin8 the evenln8. These Include choral groups, ensembles and bands. Internal Showcases and
PerFormance Arts events continue to develop the chlldren's confidence and provide an opportuntty for all pvplls to perform on stagé.
The Sandroyd Staff Cholr was launched. wlth sln8ers from across dlfferent departments In thè school.
Parents and family members were invlted to a number of performances acros5 the year with each year group having an opportunlty
to perform for a large audlence. Thls year we have added an additional event, The House Performance Arts Competition, whlch h35
provlded an addltional performance opportunity for pup115 to perform wlth others from thelr school house and across the dlffeient
year groups
Indlvidual music lessons, drama and dance lessons continue togofrom Strength to strength with a large numberofpupils undertakln8
lessons from more than one dlscipllne. We had the largest tske up of Performance Arts exams to date In the year.
The Sports department contlnue5 to offer a lull sportlng piogramme for all puplls throughout the year. The balanced and varled
prov151on Is desl8ned to give all puplls a broad spectrum of sports to experlence and enjoy. Thi5 ultimately gives Sandroyd pupils an
understanding how they might contribute to sports and activitle5 in thelr senlor schools.
Investment Into the school'5 sportlng facilltles wntSnued with the purchase of new portable tenn15 nets and new football goal5.
The School continued in delivering contart rugby for all boys in the school, as well as developln8 more a new program of football
fSxtures for both boys and glrls throughout the school. Football was played over both the Autumn and Spring terms.
The school's swimrning programme Included weekly team tralning ses51ons and regular competitlve galas wlth othèr Schools
thfoughout the year.
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SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE GOVERNORS
for the year ended 31 August 2024
Continued from pagè 4
REVIEW OF PERFORMANCE FOR THE YEAR 2023124 contlnued
The school contlnLJes to support pupS15 who aspire to county level sport. Two glrls represented Dorset In netball. Six puplls were put
forward for county hockey trials, wlth one boy and one glrl from Sandroyd each representin8 Dorset in hockey. Durlng the Spring
Term the Boys 1st Vll hockey reached the South West Re8lonal finals. During the summer, twelve pupils took part in the National
Athletlcs Flna15; the largestgroup represenllngthe school for many vears. TheYear8 Boys Relay team galned a silver medal. Sandroyd
puplls achieved an individual bron2e in the hurdles and a gold In the hlghlump.
Two boys were selected to represent the ISFA SoLrth West Reglon In football,. one In the development squad and one in the
competltlon team. We have a lar8e number of puplls across the age groups repre5entln8 county crlcket tearns. Three puplls were
awarded Sport Scholarship5 to their senlor schools.
The school provldes an excellent level of coaching for both glrls and boys, with specl81ist coaches employed across all malor 5POrtS,
The 8lrls coachlnB staff has been bolstered by the addltlon of anothertwo full time sports teachers as well as extended worklng hour5
for another parttlme memberof staff. Our ethos of provldlng an opportunStyforzll puplls to play sport and to experience eompetitlve
flxtures remains the cornerstone to our Success.
Horse rldln8 continues to be extremely popular at Sandroyd. 73 chIld￿n took rfdlng lesson5 durlng the year and 17 ponles are now
Ilvin8 on 51te at the school. The school's ¢ompetltSon rlders had many team and Individual successes during the ye?r. At the regional
Natlonal Schools Eque5trlanAs50clatlon INSEAI Qualiflers at Moreton, the Sandroyd rldlngteam plared Sn the top 3 of thecompetltlon
and quolrfied for the Natlcnals, along wlth Individual placin8 wlthin the top S. More recently, the rldlni team has quallfled for the
Addington Charnplonships.
Sandroyd Pony Club centre Is thrivlngi where members work towards there Pony Club tests, Members vlslted a thoroughbred stud
farm, where they were able to see the youn8 foals and Bain an understsndlng of breeding horse5. The Sandroyd Rldlng Department
received a glowing annual license in5pectlon, wlth partlcL4lar mentlon 8lven to how well the ponles were looked after, and that the
vard was run to a hlgh standard.
Sub5tantlal Investment in the buildin6s and grounds contlnued throu8hout the year. The school's Malntenance Departrnent
reconfl8ured the boardin8 houses to create two fully refurbished senior boardlng houses, Ineluding new commons rooms and
kitchen5 for the pupils. A new Health Centre was developed In the heart of the school, incorporatlng a new sur8ery* sick bays and
Staff accommodatlon.
The school developed a Wellbeln8 Hub In the heart of the teachin8 area of the s¢hool. crÈ?ting a dedicated calming space for puplls
to access. The continued Investment In the fabrlc of the school demonstrates the commitment that the Governors have to the long-
term future of Sandroyd.
Envlronmental sustainablllty ¢ontlnues to be a priority for the school. A slgnificant proportlon of the School's heat and light now
comes from renewable. The school has continued to reduce its energy wnsumption where posslble. Twoexlstin8 solararrays provide
around 20% Df the sthool's electricity and are helplng to reduce our dependence on electricity from the natlonal grld. The school
Intends to Invest in a number of projects that will reduce our carbon footprint further over the comln8 years.
Wlth regard to pvbllc benefit, the Governors have complied wlth thelr dutyi as trustees of the charlty, to have due regard to the
guidance on publlc bÈnefit pub115hed by the Charity Commlssion. The Governors have for many years pursued a pollcy of Setting
aside a proportion of fee Income to provide for the award of bur5arlesfor those less èble to afford the full fees orfor ex15ting parents
who have fallen on hard times. Durfng the past year a total of £249,857 was rebated In the form of bursaries.
Over the last year, three chlldren were In recelpt of 100% bur5arie5. A number of additlonal children recelved financlal help In order
to continue to attend Sandroyd. None of these chlldren would have been able to attend Sandroyd had it not been for such flnancial
help.
Contlnued on paBe 6
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SANDROYD SCHOOL TRUST UMITED
ACOMPANY LIMITED BY GUARANTEE
REPORT OF THE GOVERNORS
for the year ended 31 Au8Y5t 2024
Contlnued from page 5
REVIEW OF PERFORMANCE FOR THE YEAR 2023124 co￿1n￿ed
Sandroyd Is commltted to sharlng Its skllls and assets wlth less advantaged Indlvlduals and groups and, In addltlon to the provlslon of
bursaries. provldes the followln8 beneflts wlthln Its educational objettives:
We have e5tabli5hed informal partnerships With several local state PTimary schoo15. as part of the government's 5choo15
Together Inltiative. These partnerships are developing well, and there are already clear benefits emerging for the schools
concerned. Sandroyd Is able to help both schools In a number of crltlcal areas:
Wè offer Irhvltatlons to attènd academlc and extra-tLJrrl¢ular sesslons for pupils.
We offer Invltatlons to altend tralnln8 days for teachlng stsff.
We ￿gularty loan our minibuses to local schools.
We offer local 5choo15 the use of our facilities, such a5 the swimming pool. theatre, 5PQrt5 Plt¢he5 and grounds.
We educate 185 pupi15 in the prep school and 27 In the pre-prep, at no cost to the tsx-payer. thereby savlng the exchequer
In excess of El mllllon per year.
OBJEcfivE5 FOR THE YEAR 2024IZ5
In setting objertives and planning activities for the coming year and beyond, the Governors have had regard to the school's Strategic
Plan. The Strate8lc Plan Is a rolllns plan, updaled annually.
Key objectives for the year 202412025 include..
To further enhance the sch¢)01'5 reputatlon as a leadSng tradltlon31 boardlnB prep school,
To continue to Imprgve the quallty of teaching and learning t¢ ensure that continual excellent academic progress Is madè
by all puplls.
To mzintain and build on the excellent levels of achievement rnade by pupils in all extra curricula activities.
To invest In znd deliver continued staff professional development.
To generate sustainable financial returns, ensuring financial resilience and prudent financial Stewardship of the School for
the lon8 term.
To malntaln pupll numbers at a sustalnable level In the prep school.
To contlnue to Invest In the school's sports and extra currlcula faclllt1es.
To contlnue to redute the carbon foolprlnt and Improve the reslllence of the school.
To secure fundlng for transformailonal bursarles.
FINANCIAL REVIEW
The results for the year and the finoncial PQ5Ttion of the charity are a5 shown in the annexed financlal statements.
The flnanclal statements for the year show a net Increase In funds of £1,035 compared wlth a net Increase In funds of É28,799 last
ye?r. This represent5 another su¢cessfvl year which allowed the school to increase investment of the modest annual 5urplu5 into
the infrastructure of the School. Total net assets at 31 August 2023 were £4,200,739 cornpared with £4,199,704 for the prevlous
year.
Contlnued on page 7
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SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE GOVERNORS
forthe year ended 31 August 2024
Contlnued from pa¥e 6
RESERVES POLICY
The school doÈs not tarry free reserves. It Is the pollcy of the Governors to apply any operating surplus to the development
and improvement of the fabrlc and facllltles of the school, andlor to the repayrnent of bank borrowing.
The GoveTnor5' policy with re8ard to bankloarts is to Ilmit any such borrowlng to a level whlch can be comfort3bly secured aBalnst
the value of the school's freehold property and Serviced from the financial operatlng surplus in accordance wlth prudent long-term
flnanclal forecasts. The school ch005es to draw part of its bank borrowlng In the form of overdrafL In addltlon to a term loan, in order
to take advantage of the substantlal 53vlngs in Interest pald which results frorn being able to offset posltlve cash balances le,g. from
the receipt of fees payable In advance at the beglnnlng of each term) agalnst the arnount of the outstandln8 overdraft.
INVESTMENT POWER5
The Governors are empowered to invest the monies of the charity not immediately requlred for Its purpose In such investments,
securltle5 or property as may be thought flt sublect tothe dlrectlon of the Charity Commi55ion orthe seC￿tary of State for Education.
It is the Governors, current pollcy to Invèst any such monles Sn cash on deposlt.
STATEMEfrif OF GOVERNORS. RESPONSIBILITIES
Law applicable to incorporated charities in England and Wales requlres the Governors Iwho are also the directors of the company
and trustees of the chaTltyl to prepare financial statement5 for each financial year whlch 8lve a true and falr vlew of the state of
affairs of the ¢ompany and of Its flnandal actlvltle5 for that perlod. In preparin8 those financlal $tstements, the Governors are
required to:
Selert sultable accounting policies and then apply them consistentlv;
Make Judgement5 and estimates that are reasonable pnd prudent,.
State whether applicable accountlng stsndards have been followed, Subject to any materlal departures dlsclosed and explained
in the financial 5tatements,'
Preparethe fin?nci315t?ternent5 On the goin8 concern basi5 unle55 It is Inapproprlate to presumethatthe company will contlnue
In operatlon.
The Governors are responsible for keeping proper acwunting record5 whlch dlsclose wlth reasonable accuracy at any time thè
flnanclal posltlon of the company and to enable thern to ensure th£t the financlal statements comply wlth the Companies A¢t 2006.
They are olso responsible for 5afeguardln8 the assets of the company and hence for taking reasonable step5 for the prevent5on and
detection of fraud and other Irregularltles.
STATEMENT ASTO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the Governors are aware, there Is no relevant audlt Informatlon la5 defined by Section 418 of the Companles Act 20061 of
which the companvs audltors are unaware, and each Govemor has taken all the steps that he or she ou8ht to have taken a$
Governor Sn order to make himself of herself aware of any relev?nt information and to establlsh that the company's auditors are
aware of that informatlon.
AUDITORS
The audltors, Fawcetts LLP, wlll be proposed for re.appointment at the forthcoming Annual General Meetln8.
ON BEHALF OF THE BOARD:
urnell-Nugent
Dated..
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SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMrfED BY GUARANTEE
REPORTOFTHE INDEPENDEP￿AUDIToRSToTHE MEMBERS OF
SANDROYD SCHOOL TRUST LIMITED
Oplnlon
We have audited the financlal statements of Sandroyd School Trust Limited Ithe'charitable tompany'l for the year ended 31
August 2024 which comprlse the Statement of Flnanclal Attivities, the Balance Sheet, the Statement of Cash Flows and notes
to the financial statements, includlng a summary of slgnlflcanr accountlng pollcies. The financial reporting framework that has
been applled In their preparation 15 applicable law and United Kingdom Accounting Standards, Including Financial Reporting
Standard 102 Yhe Financial Reportin8 Standard applicable in the UK and Republlc of Ireland" Iunlted Kingdom Generally
Accepted Accounting Pratticel.
In our opinion the flnanclal statements..
give a true and fair view of the state of the charltable company's affairs as at 31 Au8USt 2024 and of its incomlng
resources and appllcation of resour￿5 for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practice; and
have been prepared in accordance wlth the reqU1￿MentS of the Companies Act 2006.
BJsls far oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI11SAs IUKII and applicable law. Our
responslbllltles under those standards are further descrlbed in the Audltorfs responslbllltles for the audit of the financlal
statement5 section of our report. We are Independent of the charitable tompany in attordance wlth the ethical requirements
that are relevant to our audit of the financial statements in the UK, In¢ludln8 the Fflcs Ethlcal Standard and we have fulfllled
our other ethical responsibilities in accordance with these requirements. We belleve that the audit evldence we have obtalned
Is sufflclent and appropriate to provide a basis for our opinion.
Conclusions relatlnl to 8olng ¢on¢ern
We have nothlng to report In respect of the followlng matters In relation to which the ISAS IUKI requlre us to report to you
where:
the Governors, use of the going concern basls of accounting in the preparation of the financial statements Is not
appropriate; or
the Governors have not disc105ed in the financial 5taternents any identified material uncertalntles that may cast
significant doubt about the charitable company'5 ability to continue to adopt the golng concern basis of
accounting for a period of at least twelve months from the date when the flnanclal 5tatement5 are authori5ed for
l$sue.
Other Informatlon
The other informatlon comprlses the Informatlon included In the Report of the Governors, lincluding Strategic Report), other
than the financial statements and our Report of the Auditors thereon. The Governors are respDnsible for the other informatlon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherw15e explicitly
stated in our report, we do not expre55 any form of a55urance conclusion thereon. In connection wlth our audlt of the financial
statements, our responsibility is to read the other information and. In dolng so, conslder whether the other information is
materially inconsistent wlth the flnanclal statements or our knowledge obtained in the audit or otherwlse appears to be
materially mlsstated. If we Identify such material inconsistencies or apparent material m155tatement5, we are required to
determlne whether there 15 a material mi5StatemÉnt in the financlal statements or a material mi5Staternent of the other
Information. If, based on the work we have performed, we conclude that there is a material mi55tatement of thls other
Information. we are required to report that fact.
We have nothing to report In thls regard.
Oplnlons on other matters pre5crlbed by the CoM￿nIeS Act 2006
In our opinion. based on the work undertaken in the course of the audit:
the information glven in the Report of the Governor5, which includes the Report of the Directors and the Strategic
Report prepared for the purposes of company law, for the financlal year for which the financial statements are
prepared is C0115iStent with the financial stateTnents- and
the Strategic Report and thÉ Rèport of the Dlrectors Included within the Report of the Governors have been
prepared in accordance with applicable legal requirement5
Continued on page 9
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SANDROYD SCHOOL TRUST LIMITED
Continued from page 8
Matters on whlth we are requlred to report by exceptlon
In Ilght of the knowledge and understandlnE of the company and its environment obtain@d in the course of the audit, we have
not identified material misstatements in the Strategic Report or the Report of the Dlrector5 included within the Report of the
Governors.
We have nothing to report in respect of the followlng matters In relatlon to which the Companies Act 2006 requlres us to
report to you rf, in our opinion,.
adequate accounting records have not been kept. or returns adequate for our audit have not been received from
branchés not visited by us,. or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosure5 of Governors, remuneration specified by law are not made; or
we have not received all the informatlon and explanatlons we requlre for our audit.
Re5ponslbllltles of Governors
As explained more fully in the Statement of Governor5, Re5ponslbilltle5 set out on page 51x. the Governor5 Iwho are ?Iso
directors of the charitable company for the purposes of company law and trustees of the charity for the purposes of charity
lawl are responslble for the preparatlon of the financial statements and for being satisfied that they give a true and falr vlew,
and for such Internal control as the Governors determine is necessary to enable thé preparatlon of financial statements that
are free from materlal mlsstatement, whether due to fraud or error.
In prep3rin8 the financial statements, the Governors are respon51ble for as5e551ng the charltable company'5 ablllty to continue
as a going concern, disclosing, as applicable, matters related to golng concern and uslng the golng concern basis of accountin8
unless the Governor5 either intend to liquidate the charitable company or to cease operations, or have no realistic alternative
but to do so.
Audltor$' responslbllltles for the audlt of the flnanclal stalemenis
Our objectlve5 are to obtaln reasonable assurance about whether the flnanclal statements as a whole are free from materlal
mlsstatement, whether due to fraud or error, and to Issue a Report of the Auditors that Includes our oplnlon. Reasonable
assurance is a high level of assurance, but Is not a guarantee that an audlt conducted in accordance wlth ISAS IUKI wlll always
detect a materlal mlsstatement when It exlsts. Mlsstatements Can arise from fraud or error and are consldered materlal If,
individually or in the aggregate, they could reasonably be expected to influence the economlc decisions of users taken on the
basis of these financial Statements.
Identlfylng and a55e55ing potential risks related to Irregularltles
Irre%ularities. including fraud, are non-compliance with 13Ws and re8ulations. We de518n procedure5, in line with our
responsibilities, as set out in the auditor's responsibilities for the audit of the financial statements section, to detett m aterial
mlsstatements In respect of Irregularltles, Includlng fraud. The extent to whlch are procedures are capable of detecting
Irregularltles, Includlng fraud, are detalled below.
In identifying and a55e5sin8 risks of material misstatement In respert of irregularitles, includlng fraud and non-compliance with
laws and regulations we consider the following..
the nature of the charity sector, control environment and financial performance,,
results of our enquiries of management about thelr own Identification and assessment of the risks of Irregularitles;
any matters wè identifi8d having obtained and reviewed the charity'5 documentation of their policies and procedures relating
to:
Identlfylng, evaluatlng and ¢omplylng wlth laws and regulatlons and whether they were aware of any instan¢es of non-
compllance-
detecting and responding to the risks of fraud and whether they have knowledge of any actual, su5perted or alleged
fraud,.
the internal contro15 established to mitigate ri5k5 of fraud or non-COTnpliance with law5 and regulation5
the matters discussed among the audit engagement team regardinB how and where fraud might occur in the financial
statements and any potential indicators of fraud.
As a result of these procedures. we consldered the opportunities and incentives that may exist within the organlsation for
fraud and Identifled the greatest potentlal for fraud in the following area.. revenue and resource recognition. In common with
all audits under1SA5 IUKI, we are a150 required to perform specific procedures to respond to the risk of management override.
Continued on page 10
Page 9

REPORT OFTrIE INDEPENDENT AUDITORSTQ THE MEMBERS OF
SANDROYD SCHOOL TRUST LIMITED
Continued from page 9
We have also obtalned an understanding of the legal and regulatory framÈworks that the comp3ny operatès in. focuslng on
provislon5 Qf th05e lav45 and regulatlons that had a direct effect on the determination of material amounts and disc105ure5
in the financial Statements. The key lows and regulatlons we consldered In this context Included the UK Companles Art and
tax legislation.
Audlt responge to rlsks Identlfled
As a result of performlng the above, we Identlfied revenue and profit reeoBnition a key audit matter related to the potentlal
rlsk of fraud. Our procedures to respond to rlsks identified Included the followlng:
reviewing the financial statement dlsclosures and testlfig to supporting documentatlon to assess compllance with
provi5ion5 of relevant laws and regulatlon5 de5crlbed a5 havlng a dlrect effect on the flnanclal 5tatements,'
enqulring of management concernlng actual and potentlal litigation and claims,.
performlng analytlcal procedures to Identify any unusual or unexpected relation5hlpsthat may Indlcate rlsks of materlal
misstatement due to fraud,,
reading minutes of meetlngs of those charged wlth governance;
In addresslng the rlsk of fraud through managèment override of controls, testing the appropriateness of journal entrles
and other adlustments,. assessin8 whether the judgements made in making accounting estimates are indicatlve of a
potential bias; and evaluating the busine55 ratlonale of any s18nlflcant transactlon5 that are unusual or outside the
normal course of business.
We also communlcated relevant Identlfled laws and regulatlons and potentlal fraud rlsks to all engagement team members
and remained alert to any indic?tion5 Of fraud or non-compllance wlth laws and regulatlons throughout the audlt.
Owing to the inherent limitations of an audit, there Is an unavoidable risk that we may not have detected some material
misstatements In the financial statements, even though we have properly planned and performed our audit in accordance
wlth auditing standards. For example, the further removed non-compllan¢e wlth laws and regulatlons Ilrregularltlesl Isfrom
the events and transactlons reflected In the financlal statements, the less likely the Inherently Ilmlted procedures requlred
by auditing stèndards would Identlfy It. In addltlon, a5 wlth any audit, there remalned a hlgher rlsk of non4etection of
Irregularities, as these may Involve colluslon, forgery, Intentlonal omissions, misrepresentatlons, or the overrlde of Internal
controls. We are not responslble for preventlng non-compllance and cannot be expected to detect non-comp11an￿ wlth all
laws and regulatlons.
A further description of our responsibilities for the audit of the flnanclal statements is located on the Financial Reporting
Councll's webslte at www.frc.org.uVaudltorsresponslbllStles. Thls des¢rlptlon forms part of our Report of the Audltors.
Use of our report
Thls report Is made solely to the charltable Company's members, as a body, in aceofdance wlth Chapter 3 of Part 16 of the
Companles Act 2006. Our audit work has been undertaken so that we mlght state to the charitsble company's members those
matters we are requlred to state to them In a Report of the Auditors and for no other purpose. To the fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than the charltable company and the charitable company's
members as a bodyi for our audit work, for this report, or for the opinions we have formed.
Slmon Elllngham FCA DChA (Senlor Statutory Audltorl
for and on behalf of Fawcetts LLP
Chartered Accountants
and Statutory Auditors
Windover House.
St Ann Street
Salisbury SPI 20R
Dated:
Page 10

SANDROYD SCHIXIL TRUST LIMrrED
A COMPANY UMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
{incorporatlng an Income and expenditure account
for the year ended 31 August 2024
Unrestrlcted Restrfcted
funds
funds
Total
2024
Total
2023
Notes
INCOME AND ENDOWMENT5 FROM:
Income from:
Charitable activities
Fees receivable
Other income
5,290,671
183,781
5.290,671
183,781
5,158,994
147,208
Donations and legacies
2,904
48,521
51,425
61,439
Total Income and endowments
5,477,356
48,521
5,525,877
5,367,641
EXPENDITURÉ
Expendlture on:
Charitable artlvltles:
School operating costs
5,501,557
23,285
5,524,842 5,338,842
Total expendlture
5,501,557
23,285
5,524,842 5,338,842
hlET INCOMEI(EXPENDITUREI
124,2011
25,236
1,035
28,799
Fund balances at I September 2023
3,661,290
538,414 4,199,704
4,170,905
TOTAL FUNDS CARRIED FORWARD
AT 31 AUGUST 2024
3,637,089
563,650
4.200.739
4.199,704
CONTINUING OPERATION5
None of the company's actlvltles was acquired or discontinued dur1ng the current and prevlous years.
The notes form part of these financl21 statements
Page 11

SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMfTED BY GUARANTEE
(REGISTERED NUMBER: 5527671
BALANCE SHEE[
31 Au8USt 2024
2024
2023
Notes
FIXED ASSETS:
Tangible assets
6.572,547
6,687,412
CURRENT ASSErs..
Stocks
Debtors
Cash at bank and in hand
73,125
1.048,760
120,940
io
75,477
1,259,266
1,442
1,242,825
1,336,185
CREDITORS:
Amounts fallln8
due wlthln one year
li
2,298,675
2,541,365
NETCURRENT UABILITIES
{1,055,8501
{1,205,1801
TOTAL ASSETS LESS CURRENT
LIABILITIES.,
5,516,697
5,482,232
CREDITORS:
Due after more thèn one year
12
(1,315,958)
11,282,528)
£4,200,739
£4.199,704
RESERVES:
Restrlcted fund5
Unrestricted funds
20
563,650
3,637,089
538,414
3,661,290
£4,200,739
£4,199,704
ON BEHA
THE BO
RD:
Rhodrl Thomas-chairman
Approved by the Board on .,......-............
The notes form part of these financial statements
Page 12

5ANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANTEE
CASH FLOW STATEMENT
for the Year Ended 31 August 2024
2024
2023
Notes
Net cash provlded by
operatin8 actlvltles
768.579
498,856
Cash flows from Investlng actlvltles:
Purchase of tangible assets
Proceeds of disposals
1149.291)
1,500
1580,3901
Net cash used In Investlng activities
147,7911
580,3901
Cash flows from flnanclng actlvltle5:
Loan repayments
Capltal repayments In the year
1158,9241
15,5891
1152,0471
15,5901
Net cash used In by flnanclng actlvltles
1164,5131
1157,6371
Change In cash and cash equivalents in the year
456,275
1239,1711
Cash and cash equNalent5 at I September 2023
1335,3351
196,1641
Cash and cash equivalents at 31 August 2024
120,940
1335,3351
The notes form part of these financial statements
Page 13

5ANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE CASH FLOW STATEMENT
for the Year Ended 31 August 2024
RECONCILIATION OF NET IfrICOMEIEXPENDITURE TO NEf CASH INFLOW FROM OPERATING AcfiviTIES
2024
2023
Net Incomlng resource5
Depreciation charges
(Profltl/Loss on dlsposal
De¢rease/llncreasel in Stocks
Decrea5elllncreasel In debtors
{Decrea5el/lncrease in credltor5
1,035
264,133
11,4771
2,352
210,506
292.030
28,799
267,798
402
21,732
232,550
{52,425)
Net cash provided by operatln8 a¢tlvltles
768,579
498,856
ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash at bank and In hand
Overdraft fa¢llEty repayable on demand
120,940
1,442
1336 777
120,940
1335,3351
The notes form part of these financial statements
Page 14

SANDROYD SCHOOL TrUST LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENT5
for the year ended 31 August 2024
ACCOUNTING POLICIES
General Informatlon and basls of preparatlon
Sandroyd School Trust Llmlted Is a company Ilmlted by guarantee incorporated and reglstered In England and
Wales. The School constitutes a Public Benef it Entity a5 defined by FRS 102. The financial Statements have been
prepared In accordance wlth A¢countlng and Reportlng by Charities: Statement of Recommended Practice
applicable to charities preparin8 their accounts in accordance with the Financial Reportin8 Standard applicable
in the United Kin8dom and Republic of Ireland IFRS 1021 leffectlve l January 2020}- {Charlties SORP 2020 IFRS
10211, the Charitles Act 2011 and the Companles Act 2006.
The company meets Its day to day worklng capital requirements through loan and overdraft faclllties of whlch
the overdraft Ss repayable on demand. The company is operating within its agreed facility and in view of thelr
relationshlp with the company's bankers, the governors conslder It reasonable to rely on the contlnuatlon of the
overdraft facility. The financial statements have therefore been prepared on a going concern basis and do not
contain any adjustments that might be necessary if the overdraft faclllty were not renewed at an appropriate
level.
The significant accounting policie5 applied in the preparation of these financial statements are set out below.
These policles have been conslstently applled to all years presented unless otherwlse stated.
Fund5
Unrestrlcted funds are avallable for use at the dlscretlon of the Governors In furtherance of the general
objectives of the School and which have not been designated for other purposes.
Restrlcted funds are funds which are to be used In accordance with specific restrictlons Imposed by donors or
which have been raised by the charity for particular purposes. The cost of raising and administering such funds
are charged against the specific fund. The aim and use of each restricted fund is set out In the notes to the
f inancial statements.
Incomlng resource5
All incoming resources are Included In the statement of FlnancSal Actlvltles ISOFAI when the School Is legally
entltled to the Income after any performance conditions have been met, the amount can be measured reliably
and It Is probable that the Income wlll be re¢elved. The Income and net In¢omlng resources are attrlbutable to
the one principal activity of the charitable company.
Fees and slmllar Income
Fees receivable and charges foT services and use of premises are accounted for in the period in which the servlce
Is provided. Fees recelvable are stated after deductlng allowances, scholarshlps and other remlsslons allowed
by the School.
Re50urce5 expended
All expendlture Is accounted for on an accrua15 basls and ha5 been classlfled under headlngs that aggregate all
costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make
payments to thlrd parties, It is probable that the settlement wlll be requlred and the amount of the obligation
can be measured rellably. The irrecoverable element of VAT is included with the item of expense to which it
relates.
Page 15

SANDROYD SCHOOL TRUST LIMITED
A COMPANY UMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024
ACCOUNTING POLICIES contlnued
Tanglble Ilxed assets
Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low
value wlth a short Itfe. Repalr. renovatlon and replacement expenditure Is wrltten off as expenditure in the
statement of financial activities. The c05t of fixed assets Is thelr purchase cost, together with any incidental costs
of acquisitlan. Depreciatlon Is calculated to wrlte off the cost of tanglble flxed assets, less their estimated residual
values, over the expected useful lives of the a55ets concerned. The principal annual rates used for thls purpose
are:
Land Is not depreclated.
Buildings and improvements
Sports pitches
Furniture and equipment
Motor vehlcles
- 2%13%110% per annum on cost
- 5% per annum on cost
- 38%110% per annum on reducing balance
- 38% per annum on reducing balance
Operating lease commitment5
Rentals applicable to operatlll8 lease5 where substantlally all of the benefits and risks of ownership rema5n wlth
the lessor are charged to the SOFA on a 5traight-Ilne basls over the perlod of the lease, Any Incentlves related
to the lease have been spread over the lease term.
Hlre purchase and leasin8 eommltments
Assets obtalned under hlre purchase contracts or finance leases are capltallsed In the balance sheet. Those held
under hire purchase contracts are depreciated overtheir estimated useful lives. Those held under flnance leases
are depreclated over thelr estimated useful Ilves or the lease term, whlchever is the shorter. The interest
element of these oblSgatSons Is charged to the income and expendlture account over the relevant perlod. The
Capital eSement of the future payment$ IS treated as a liability.
Forel8n currencles
Assets and Ilabllitles In forelgn currencles are translated Into sterlln8 at the rates of exchan8e ruling at the
balance sheet date, Transaction5 in foreign currencies are translated into Sterling at the rate of exchange rulln8
at the date of transaction, Exchange differences are taken Into account in arrivln8 at the operatln8 result.
Stocks
Stock is valued at the lower of c05t and net realisable value, after making due allowance for obsolete and slow
moving item5.
Pensions
The school operates a defined contrlbution group personal penslon scheme for teachers and other employees.
Donation5 and lund accountin
Donatlons recelved for the general purposes of the school are Included as unrestricted fund5. Donations for
actlvlties restricted by the wishes of the donor are taken to "restrlcted funds" where these wlshes are legally
bindin8 on the Governors.
Debtors
Debtors are measured at their recoverable amount,
Cr@dltors and provlslons
Creditors and provisions are recognised where the charity has a present obligatlon resultlng from a past event
that will probably result In the transfer of funds to a thlrd party and the amount due to settle the obligation can
be measured or estimated reliably. Creditors and provisions are normally recognlsed at their settlement amount
after allowlng for any trade dlscounts due.
Page 16

SANOROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024
ACCOUNTING POUCIE5 contlnued
Taxatlon
The company is a registered charity and, as such. Is not Ilable to corporation tax.
Flnanclal Instruments
Basic financial instruments are Inltially rewgnised at transaction value and subsequently measured at amortised
cost wlth the exception of investments which are held at falr value. Flnancial a55ets held at amort15ed cost
comprise cash at bank and In hand, together with trade and other debtors, A Specific provision is made for debts
for whlch recoverablllty Is In doubt. Cash at bank and in hand is defined as all cash held In Instant access bank
ccounts and used a5 working capltal. Flnanclal Ilablllties held at amortised cost comprise all creditors except
social 5ecurlty and other taxes and provisions, Assets and liabilitles held In forelgn currency are translated to
sterling (£1 at the balance sheet date at the year-end exchange rate.
Crltl¢al a¢¢ountln8 judgements and key sources of estlmatlon uncertalnty
In the applicatlon of the accounting policie5, the Governor5 are required to make judgement estimate5 and
assumptlons about the carrying value of assets and liabilities that are not readlly apparent from other sources.
The estimates and underlylng assumptions are based on historical experience and other factor5 that are
considered to be relevant. Actual results may dlffer from these estimates.
Judgements made by the Governors, in the appllcatlon of these accountlng pollcies that have significant effect
on the flnanclal statements and estlmates with a slgnlflcant rlsk of materlal adjustment In the next year are
deemed to be In relation to the depreciation rates of tan8lble fixed assets, and the provision for bad and doubtful
debts whlch are dlscussed above. The accounting policies have been applied consistently in dealing with items
which are considered material in relation to the School's flnanclal statements.
INCOME
2024
2023
Fees recelvable conslst of:
Gross fee5
Less.. Total bursarles, grants, allowances and staff discounts
6,075,909
1785.2381
5,930,002
1771,0081
5.290,671
5,158,994
SUNDRY AND OTHER INCOME
2024
2023
Use of facllltles
Sundry Income
107,307
76,474
98,759
48,449
183,781
147,208
STAFF COSTS
2024
2023
Wages and salaries
Social security COStS
Other pension costs
2,961,617
263,708
565.126
2,840,264
248,328
478,185
3,790,451
3,566,777
Page 17

SANDROYD SCHOOL TRUST LIMITED
A COMPANY UMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENT5
for the year ended 31 August 2024
STAFF COSTS contlnued
The average monthly number of employees during the year was as follows..
2024
70
69
2023
63
65
Teachers
Others
139
128
The number of employees whose emoluments exceeded £60,ryJO was:
2024
2023
£60,001- £70,000
£70.C(11- £80,000
£I20,￿l- £130,IYJO
Durlng the year there were termination payments made whl¢h amounted to £40,00012023 - £4,000). Durlng
the year no Governors received travellin8 expenses12023- £NIII.
The key personnel of the school Comprlse the Governors, the Head and the 8ursar. The total remuneratlon of
the key management personnel was £250,83612023 - £250,062). With the exception of the above none of the
Governors nor persons connected wlth them received any remuneratlon or other materlal beneflts from the
association or any connected organisation.
EXPENDITURE
Expenditure includes..
2024
2023
Depreciation - owned assets
Depreclatlon - assets on hlre purchase contracts
Operating lease rentals
Audltors, remuneratlon - audlt
accountancv
259,189
4,944
15,617
8.678
6.000
262,854
4,944
14,448
io.ioo
6,000
ANALYSIS OF TOTAL RESOURCES EXPEfrJDED
2024
Total
2023
Total
Staff costs
Other
Depreclation
Charltable actl¥ltles'.
School operating costs:
Teachin8 Costs
2,616,216
Welfare
567,604
Premises
209,436
Management and administration 397,195
186,667
344,327
514,454
341,944
13,388
34,267
208,793
7,685
2,816,271
946,198
932,683
746,824
2,647,533
943,737
884,013
742,720
3,790,451
1,387,392
14,678
264,133
5,441,976
14,678
5,218,003
Governance costs
16,100
Costs of 8eneratln8 funds:
Finance and other c05ts
68,188
68,188
104,739
Total resources expended
3,790,451
1,470,258
264,133
5,524,842
5,338,842
Page 18

SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024
STATEMENT OF FINANCIAL ACTIVITIES- compardtive balances
Unreslrlcted
nds
Restrl(ted
fund5
Total
2023
INCOME AND ENDOWMENTS FROM..
Income from:
Charltable actlvltles
Fees recelvable
Other Income
Donatlons and legacles
5,158,994
147,208
3,649
5.158,994
147,208
61,439
57,790
Tolal Income and endowmenls
5,309,851
57,790
5,367,641
EXPENDITURE
Expendlture on:
Charltable activlties:
School operatlng costs
5,315,097
23,745
5,338,842
Tgt•l eMpondltur&
5,31S,097
23.745
5,338,842
NEfiNCOME
15,2461
34,045
28.799
Fund balances at I September 2022
3,666,536
504,369
4,170,905
TOTAL FUNDS CARRIED FORWARD
AT31 AUGUST Z023
3,661,290
538,414
4,199,704
TANGIBLE FIXED ASSETS
Freehold
land and
bulldlnBs
Furniture
and
ulpment
Motor
vehlcles
Totals
COST:
At I September 2023
Addltlons
Disposals
9.106,870
32,870
805,757
116,421
7,2221
70,277
9,982,904
149,291
17,2221
At 31 August 2024
9,139,740
914,956
70,277
10,124,973
DEPRECIATION:
At I September 2023
Charge for year
Ellmlnated on dlsposal
2,641.208
204,152
595,725
55,529
17,1991
58,559
4,452
3,295,492
264,133
7,1991
At 31 August 2024
2,845,360
644,055
63,011
3.552,426
NET BOOKVALUE:
At 31 August 2024
6.294,380
270,901
7,266
6,572,547
At 31 August 2023
6,465,662
210,032
11,718
6,687,412
The cost of freehold land and bulldlngs Includes land of £2,000 whlch Is not being depreciated.
Includèd In the net book value of furniture and equipment are assets to the value of £22,86612023- £27,810) held under
hire purchase contracts.
Page 19

SANDROYO SCHOOL TRUST LIMITED
A COMPANY UMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024
STOCKS
2024
2023
Raw materials and consumables
Goods for resale
39,362
33,763
46,788
28,689
73,125
75,477
io.
DEBTORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepayments
972,814
4,943
71,003
1,097,559
70,840
90,867
1,048,760
1,259,266
ii.
CREDITORS: AMOUNTS FAILING
DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdraft (note 161
Hlre purchase agreements (note 13)
Trade creditors
Other credltors
Taxation and social security
Accruals
Entry deposlts repayable
Deferred Income (fee5 paid in advance)
Autumn 2024fees
Annual Paymènts
Advance fees scheme (note 151
168,996
5,589
38,960
21,314
49,768
47,982
128,505
498,926
5,589
48,236
21,613
58,636
40.835
119,S07
1,368,830
139,406
329.325
1,577,199
170,824
2.298,675
2,541,365
12. CREDITORS.. AMOUNTS FALLING DUE A￿ER MORE THAN ONE YEAR
2024
2023
Bank loans Inote 161
Hire purchase agreement5 (note 13}
Deferred income Inote 151
Entry deposits repayable
570,455
4,436
473,835
267.232
736,226
10,025
312,109
224,168
1,315,958
1,282,528
Page 20

SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 Au8ust 2024
13. OBUGATIONS UNDER HIRE PURCHASE CONTRACTS
2024
2023
Net obll8ations repayable:
Within one year
Between one and five years
5,589
4,436
5.589
10,025
10,025
15,614
14.
SECURED DEBTS
The following secured debts are included wlthSn creditors:
2024
2023
Bank overdraft
Bank loan
336,777
898,375
739,451
739,451
1,235,152
The bank loan is secured by a flrst charge over the freehold property of the School.
15. ADVANCE FEE PAYMENTS
Assuming puplls w511 remaSn In the school, advance fees wlll be applied as follows:
2024
2023
Wlthin 2 to 5 years
Over 5 years
473,835
312,109
473,835
329,325
312,109
170,824
Withln l year lincluded in deferred Income)
803,160
482,933
Balance at I September 2023
Advance5 in the year
Amounts Utillsed In payment of fees
482,933
503,785
{183,5581
403,711
300,125
1220,9031
Balance at 31 August 2024
803,160
482,933
Page 21

SANOROYD SCHOOL TRUST LIMITED
A COMPANY LIMrrED BY GUARANTEE
OTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024
16.
LOANS AND OVERDRAFrs
An analysis of the maturlty of loans and overdrafts 1$ glven below:
2024
2023
Amounts falling due within one year or on demand:
Bank overdraft
Bank loan
336,777
162,149
168,996
168,996
498,926
Amounts falling due between one and two years:
Bank loan- 1-2 years
171,969
168,996
Amounts falling due between two and five years:
Bank loan - 2-5 years
398,486
426.980
Amounts falling due over flve years:
Bank loan- over 5 years
140,250
The bank loan Is spllt into three elements one being £593,111 repayable over 14 years at a fixed interest rate of
5.74% the second element of £139,245 belng varlable at 2% over base per annum. The third element of £166,019
Is repayable over 10 years at a fixed interest rate of 3.76%,
OBLIGATIONS UNDER LEASING AGREEMENTS
17.
The tot81 future mlnlmum payment5 due on leases expirin8:
2024
2023
Equlpment
Expiring..
Within one year
8etween one and flve years
9,446
17,318
13,452
26,765
18.
PENSION COMMITMENTS
The total pension cost for the school was £565,12612023 - £478,185>. There were outstanding contributlons at
the balance sheet date of £8,28212023 - £8,017) in respect of contributions due for the month of August paid
over to the pension Schemes, administrators in September,
Page 22

SANDROYD SCHOOL TRUST LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 Au8ust 2024
19.
ALLOCAT1014 OF THE CHARifi NET ASSETS
Fixed
assets
Net current
as5et51 Iliabllities)
Long term
Total
Restricted funds
Unrestricted funds
501,070
6,071,477
62.580
11,118,430)
563,650
3,637,089
{1,315,958}
6,572,547
11.055,850}
11,315,958)
4,200,739
Allocatlon of the charlty net a5set$- comparatlve flgures
Flxed
assets
Net current
assetsl Illabilities)
Long term
Total
Restricted funds
Unrestrlcted funds
513,890
6,173,522
24,524
11.229,704
538,414
3,661,290
11,282,528)
6,687.412
1,205,180)
11,282,528)
4,199,704
20.
RESTRicfED FUNDS
Balance at
I September
2023
Movement in funds
Incoming
Outgoing
resources
resources
Balance at
31 August
2024
Glft fund
2006 Appeal fund
Cloisters, Studlo and Sports Pavllion
Chisuma Project
Fire Suppression System
Solar Panels fund
Pre-Prep Fund IPrevlou51y Wolled Gordenl
Friends of Sandroyd
Borehole fund
Club 1888
Capltal Projects
19,062
241,015
198,955
161
2,197
25,447
2,341
3.334
45,601
301
19,062
233,943
194,208
161
2,053
25,592
2,071
1,931
43,202
23,047
18,380
17.0721
(4,747}
11441
18621
11,428)
16,6331
{2,3991
1.007
1,158
5,230
22,746
18,380
538,414
48,521
123,2851
563,650
Glft fund
The gift fund include5 cash donations to be applied at the headmaster's dlscretion.
2006Appeal fund
The fund was launched to raise funds toward5 the cost of a new hall. The funds raised were invested in full In
the construction of the sports hall. Thls fund Is beinE released to the general reserve fund (unrestricted funds)
over a period equivalent to the estimated useful life of the asset.
Page 23

SANDROYD SCHOOL TRUST LIMrrEO
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024
20.
RESTRicfED FUNDS continued
Clolsters, Studio and Sports Pavlllon
The fund was launched to ralse funds for future projects specifically for the Memorlal CIoi5ters. Sandroyd Studio
and a Sports Pavilion. The funds ralsed were invested In full in the development of a dance studio. Thls fund Is
belng released to the general reserve fund (unrestricted funds) over a period equlvalent to the estimated useful
life of the asset,
Chlsuma Prolect
The project was set up to raise money to furnish a classroorn at a primary school in Zimbabwe.
Flre Suppresslon System
Followln8 a recent Insurance rlsk survey, the school Insurance company IQBEI offered to pay up to £3,000 for a
flre suppression system to be installed in the school kltchen. Following a tender process, a suitable system was
identlfled and Installed in December 2018. The f inal cost came to £2,865, which Is being released to the general
reserve fund lunrestrlcted fund51 over a period equlvalent to the estimated useful life of the asset.
Solar Panel fund
Thi5 fund relates to donations received from parent5 to fund the installation of solar panels on the school
swlmming pool and changln8 room roofs.
Pre-Prep Fund (Previously named Walled Garden fund)
These are funds raised by various sponsored events and donatlon5 to pay for new outslde equipment for the
Walled Garden pre-prep.
Frlends of Sandroyd
These are funds raised by a parent group that hold fundrai51rtz events throu8hout the year and then donate the
funds to external charltles.
Borehol• Fund
Thls fund relates to donatlons received to fund the construction of a borehole at the school, The funds raised
were Invested in full in the Installation of the borehole. Thls fund is being released to the general reserve fund
(unrestricted fund51 over a period equlvalent to the estimated useful life of the asset.
Club 1888
This fund relates to donations received from Sandroydlans to fund transformatlonal bursarles.
Capital Projects
This fund was set up to fund capital projects in the future.
Page 24

SANDROYD SCHOOL TrUST LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024
20.
RESTRicfED FUND5 contlnued
Restrkted fvnds - comparatlve 118ures
Balance at
I September
2022
Movement in funds
Incoming
Outgoing
resources
resources
Balance at
31 August
2023
Glftfund
2006 Appeal fund
Clolsters. Studio and Sports Pavlllon
Chisuma Project
Flre Suppression System
Solar Panels fund
Walled Garden fund
Friends of S3ndroyd
Borehole fund
Club 1888
Car Club
19.062
248.087
203.703
2,252
2,340
25,322
2,133
1,470
19,062
241,015
198,955
161
2,197
2S,447
2,341
3,334
45,601
301
{7,0721
14.7481
12.0911
11431
18631
1188)
{5,0061
12,399)
988
396
6,870
48,000
301
1,235
{12351
504,369
57,790
(23,7451
538,414
21.
RELATED PARTY TRANSACTIONS
Fellclty Wilson, a governor was paid £3,22312023- £2,590) during the year for dance tultlon provided to pupils.
Thls was paid at the same hourly rate as other dance teachers. This transaction was conducted at arm'5 length.
There were no additional related party transactions In the year under review requiring dlsclosure.
22.
STATUS OF COMPANY
The company is a registered charity limited by 8uarantee. The Ilabllity of members in the event of a windlng up
Is limited by 8uaTantee to an amount not exceedlng £1 per member. At the balance sheet date there were 14
members12023- 131.
23.
CAPITAL COMMITMEpirs
2024
2023
Authorised but not contracted for
Pagè 25