REGISTERED CHARITY NO: 309910
COMPANY NO: 587874
BEACHBOROUGH SCHOOL TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

BEACHBOROUGH SCHOOL TRUST LIMITED
INDEX TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Page
Reference and Adminislralive Infomialion
Providers ol Professional SetViC8S
Report ol the Governors
Strategic Report
6-12
Statement ol Trustees, Responsibilities
13
Independent Auditor's Report
14-17
Statement of Financial Activities
Balance Sheel
19
Cashllow Slalemenl
20
Notes to the Financial Sialemenls

BEACHBOROUGH SCHOOL TRUST LIMITED
REFERENCE AND ADMINISTRATIVE INFORMATION
REGISTERED COMPANY NUMBER
587874 IEngland and Wales)
REGISTERED CHARITY NUMBER
309910
REGISTERED OFFICE
Weslbury Manor
Brackley
Northamptonshire
NN13 5LB
GOVERNORS:
The Governors are the chaiily Iruslees ol Beachborough School Trust Limited and have all served in office
throughout the year. except where indicated.
Mrs S Barrett (Chair ol Governors)
Mrs R Donaldson
Mrs G Eilbeck
Mr J-M Hodgkin Ivice Chair of Governors)
Mrs E Hill
Mr N Mullineux
Mr R Palmer
Mr P Sanderson
Mrs S Sowden
Mr J Tearte
Mrs S Willis
Mrs E Wilson
Mr B Wood
(Resigned 1 Ph June 20221
(Appointed 1 Oth October 20221
(Resigned 22r￿ March 20221
HONORARY OFFICERS:
Mr C Prilchard (Headmaster)
Mrs C Wallace IBursar, Clerk lo the Governors and Company Secretary)
KEY MANAGEMENT PERSONNEL:
Mr M Barrett (Deputy Head, Beachboroughl
Mr S Preece IDepLrty Head, Beaehboroughl
Mr D Gross (Head ol Manor House)
Ms C Sharp5 (Head o18oardmanl
IResigned 3151 October 20211
(Appointed 1st November 20211
Page 1

BEACHBOROUGH SCHOOL TRUST LIMITED
PROVIDERS OF PROFESSIONAL SERVICES
Bankers
Barclays Bank PIC
Brackley Branch
North Oxfordshire Group
POBox1
Oxon
OX16 8PS
Insurers
Marsh Brokers Limfted
Education Practice
Capital House
1- 5 Perrymount Fload
Haywards Heath
W. Sussex
RH16 3SY
Audllors
Crowe UK LLP
Aquis House
49 - 51 Blagrave Street
Reading
Berkshire
RG1 1PL
Solicllors
Veale Wasbrough Vizards
Orchard Court
Orchard Lane
Bristol
BS15WS
Page 2

BEACHBOROUGH SCHOOL TRUST LIMITED
REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 AUGUST 2022
The Governors oflhe School, who are also Directors of the Company and Charity Trustees forlhe purposes
ol the Charities Act 2011, present their Annual Report in compliance with both that Act and the Companies
Act 2006. The report contains Directors, Report and Strategic Report together with the audited financial
slatements lor the year ending 31 August 2022.
The format and content ol the report and financial statements comply with the Companies Act 2006, the
Charities Act 2011 and the Slalemenl of Recommended Practice.. 'Accounting and Reporting by Charities,
ISQRP FRS1021.
STRUCTURE. GOVERNANCE AND MANAGEMENT
The Beachborough School Trusi Limited (herein 'BeaCh￿￿rough School") was incorporated on 25 July
1957 as private company limited by guarante& without share capital. The company number is 00587874
and the charity number is 309910.
Governlng document
The company is controlled by 1ts Memorandum and Articles ol Associalioris. The Articles ol Association
were reviewed and updated during the year. The updated articles were adopted by the Trustees on 31,
March 2022.
Governlng Body
The Governors ol the Trust are all Directors ol the Company. Those who held office during the financial
year are listed on page 1. Governors are elected by the Board lo lill a vacancy due lo retirement, or lo
enhance or add lo the particular skills o18oard. The Directors are elected al a lull Directors meeting on
the basis of nominations received from members of the Board or the Head tal(ing into account eligibility,
personal competence, specialist skills and local availability.
The Trust has no share capital and consequently none of the Governors has any interest in the Trust. The
liatilily il the govemors is limited lo the exlenl of £5 each in the event ol the trust being wound up.
Recrultment and Training ol Governors
Potential governors are identitied by members ol the Governing Body and considered ag￿nsI the Body's
specilicalions concerning eligibility, competence, specialist skills and local availability.
New Governors receive a thorough induction so Ihey clearly understand the responsibilities ol the role and
the workings ol the School. In addition, all GovernDrs are encouraged lo attend relevant training seminars
and conferences throughout the year to further their own protessional development.
Organlsational Alanagement
The members ol the Governing Body are legally responsible lor the overall management and control of the
School. The Governing Body meet as a Board al least three limes a year and al other times as required
by the School's business. The Governing Body has live sub-committee's to support the running ol the
School. Each committee has Governor representation as well as members ol the School Leadership Team.
Each sub-committee will also meet three lime a year and feed their termly report and minutes of their
meeting to the Full Board ol Governors meeting. The purpose ol the Governing Body meeting is lor the
Governors to determine the general policy of the School and review its overall management and control.
At the end ol each meeting there is an opportunity for the Governors to have a discussion without staff
present if and when the need arises.
In addition lo the sub-committees, the Board have appointed a Governor with specific responsibility for
Child Protection and Safeguarding, Boarding Provision, SEN, and Parent llaison.
The day to day running ol the School is delegated lo Ihe Honorary Officers who are supported by the key
managefflenl personnel, the Senior Leadership Group and other stall.
Page 3

BEACHBOROUGH SCHOOL TRUST LIMITED
REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 AUGUST 2022
The remuneration ol the key management personnel is set by the Board, with the policy objective ol
providing appropriate incentives lo encourage enhanced performance and of rewarding them fairly and
responsibly lor their individual contributions to the &hool's success.
The appropriateness and relevance of the remuneration is reviewed annually, incI￿ling reference to
comparisons with other independent schools lo ensure that the School remains sensitive lo the broader
issues ol pay and employment conditions elsewhere.
We aim ID recruit, subject lo experience, ai the lower lo medium point within a band, prDviding scope for
rewarding excellence. Delivery ol the School's charitable vision and purpose is primarily dependent on our
key management personnel and staff costs are the largest single element of our charitable expendilure.
Group Stm¢tu
The company has no subsidiaries.
The School is an active member of-.
The Independent Schools Council
The Association of Governing Bodies ol Independent Schools
The Independent Schools, Bursars Association
The Boarding Schools, Association
The Headmaster is an active member ol..
The Independent Association ol Preparatory Schools
Local Communlty Rel8tlonshlps and Other Charltable Activities
The School provides the use ol ils facilities lo local Community groups and to local families on a regular
basis etther at low cost or no cost. 11 supports both national and international charities thrDugh a wicle
variety ol fund-raising inilialives. The School is committed to setving the b&sl interests ol the local
community and regularly meets with the local Parish Council in Drder lo actively contribute, promote arKI
improve the local environment.
AIMS. OBJECTIVES AND ACTivrriES
Prlmary Objecllves
The main charitable objectNe of the Trust is lo promote and provide th8 advancement ol education of
children within the United Kingdom. The principal current activity ol the Trust is the operation ot an
independent preparatory, pre-preparalory and nursery school lor boys and girls from the age ot two and a
hall lo thirteen years ot age.
The Governors believe that the School pertomis its functions well and regularly monitor the pertormance
ol the School and ils leadership.
Strategles to Achieve the Primary Objectlves
The School's strategic aim is lo providè every child wth an excellent academic, spiritual and mor
education in a warrn and SUPFX)rtive environment. The locus is on creating and inspiring a nurturing
learning adventure where each and every child can flourish. This is achieved by drawing out the children's
individual abilities and academic potential as well as awakening and developing their wider inleresi in life.
Page 4

BEACHBOROUGH SCHOOL TRUST LIMITED
REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 AUGUST 2022
PriTn¢iple Actlvlty
The School's policy is lo provide a high quality education lor ils pupils. The majority ol pupils enter senior
independent schools either via the common entrance exam or public school scholarship. The Prep school
includes boarding as well as day facilities lor children between the ages ol seven and thirteen. The Pre-
prep and Nursery provides education for children between the ages of and a ham and seven on a day
basis.
Obiedlves for Iho Year
The Board's main objective continues lo be lo deliver the highest possible standard ol education lo all
pupils and to ensure that the school continues lo oller a broad and balanced programme ol leaming that
enhances and develops the children's skill sel, as well as their academics. The school also continues lo
improve the facilities within the school lo ensure the children have the resources and facilities to learn in
creative and imaginative ways.
An experienced, dedicated and well qualrfied team of stall support the children academically and
spiritually. The school encourages all staff and pupils to positively contribute to the life of the school and
the wider community, thus helping the pupils lo prepare lor their next school and the opportunities.
responsibilities and experiences ol adult life.
Strategles lo A¢hleve Ihe Year's Objectlves
Our strategy lo achieve our objectives lor the year has been lo continue lo strive lor a successful and
prosperous school, so that our objective ol providing generous resources can be fulfilled. Our objective ol
providing the best possible staff has been achieved by maintaining a most thorough and demanding
recruitment process.
Volunteers
The School is immensely grateful lo be supported by volunteer parents. The Beachborough Friends
Association is made up of parent volunteers and they meet regularly throughout the academic year. They
continue to help ￿rith the School's lundraising and cultural activities during the year and are an invaluaUe
Support for the day-lo-day operation ol the School.
Beachborough Schoo5 benefits from the generosity of a thriving network ol current and former parenis and
pupils whose close support is greatly appreciated and acknowledged.
Fundralslng Actlvltles
Beachborough School does not engage in large scal& fundraising activities like mass mailings, telephone
lundraising or door-lo-doDr campaigns. The School does not employ a separate fundraising team or third
party organisalion to help raise funds. Any small level fundraising activities locus on the current parents
and other individuals or organisations connected with the School rather than the wider community. During
the financial year, the School did not receive any fundraising cc>mplaints requiring action by the Fundraising
Regulator.
Page 5

BEACHBOROUGH SCHOOL TRUST LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
ACHIEVEMENTS AND PERFORMANCE
Academic Excellence
The School and Governors congratulate each and every pupil in Form Vlll (Year 81 as all 34 pupils al the
end ol the academic year gained enlry into their school ol Choice. An outstanding 27 awards, scholarships
and exhibits were achieved by the Form Vlll's in csisciplines such as Art, MLJSIC, Drama, Sport, Design &
Technology and Academic from Akeley Wood, Bloxham, Repton, Rugby, Shrewsbury, Sibtord, Milllield,
Slowe. We consider this lo be an exceptional achievement as Beachborough is a non-selective school.
The School continuos lo enhance ils reputation lor academ￿ excellence producing another impressive
year ol scholarshi$￿, exhibits and awards. Throughout each year group formative and summative
assessment remains rigorous enough to place children Tmlhin the correct environment to maximise their
learning,. allowing scholarship PDtenlial and leaming support lo be recognised earlier than ever. Future
schools continue to ackllowledge Beachborough's ability to work with each individual child arKI lo help
them meet the entry requirements of their senior school.
Sportlng Perfomiance
Sport has continued to play a prominent part in the life of our pupils al Beachborough School throughout
the past academic year. Underpinning everything we do here al the School is the notion of "Sport for All"
W& r&cognise that inclusivity is a key part ol our fabric as a school and ensure that we consistently hit a
100°/o participation rale in team sports. In addition. we have also run school teams in other sporting areas.
namely alhlelics, cross country, equestrian, gymnastics. swimming, tennis arKI triathlon with the breadth of
the programme enat￿Ing our pupils lo experience competition and enjoyment in equal measure.
Highlights of the year included competing at the National Preparatory Schools Cross Country
Championships and winning the under 11 s ra￿, and placing third as a team. Six Beachburians also
qualrfied for the IAPS National Swirnming Championships, giving them the opportunity lo compete at the
iconic London Aquatics Centre in the Olyfftpic Park whilsi three others had the opportunity lo compete at
the National Prep Schools Alhlelie Championships.
Music
Our music department continues lo grow and develop. This year music scholarships and exhibitions were
awarded to St Edwards and Bloxham. In addition io curriculum lesstsns, over 160 children attend one lo
one instrumental and singing lessons, with 17 music groups, including three choirs, available lor children
to join. Most of the children are working towards sitting public exams. with some students working towards
Grade 6 and above and the school was Ihrilled with the 100 /0 success ralo with scholarships and awards
lo Senior Schools.
Music Technology continues lo play a crucial role in our curriculum, and over the summer work will be
competed in creating a Digital Music Suite allowing the children lo explore the nature of and composition
musical sound using the latest technology,
Technology
Technology, Engineering and Design has yel again grown and flourished. Building on being named Best
Prep School lor STEM in the UK by The Week Independent School Guide in 2022, the Department strives
lo ¢onlinue delivering STEM in the best way imaginable across the school. The scholarship programme
wilhin technology continues lo flourish, and we are proud that four children received technology and design
scholarships, and one an exhibition, from Senior Schools. These all provKled the children with the pertect
oFportunily to showcase the skills they had developed whilst al Beachborough.
We were very pleased to be able lo invite three local s¢hools to join our Creative Technologists, Innovation
ICTII event. In total 120 form Vl children had an action packed day with this year'5 theme ol Pedal Power.
Bike Engineering and Innovation. The annual event is laniastic way to bring children together and the
camaraderie between the children from all schools present was oulslanding.
Page 6

BEACHBOROUGH SCHOOL TRUST LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
Ove the year we have also welcomed SLime wonderful 9uesl speakers as per ol our brand new TED Talks
program. The children have been excited to hear about all the grealjobs in design, technology and industry
that they could go on lo do. From flying in the Red Arrows to working in Formula 1 and running your own
Greenpower race team- the children have enjoyed and taken inspiration from all ol our speakers.
ACHIEVEMENT IN RELATION TO LAST YEARS FirfuRE PLANS:
The developmgnt of our senior curriculum In Form$ Vll and Vlll - Wort has continued in this
area and we have now developed and launched our new and exciting CEL Programme (Character,
Elhi¢s and Leadership) lor pupils in Years Seven and Eight.
The revlew and development of the school's Misslon, Vsslon and Core Values- The school
has reviewed ils Mission. Vision and Core Values in linè wth the school's charitabl& aims and
objectives and all stakeholders in the school have contributed to this exciting piece ol work.
Development of charity inltlatlves and relatlonships wlth the local communlty- Relationships
with the local community continue lo be developed and the school is hosting and offering many
more opportunities lor the local community lo connect wlh the sch¢x)l including hosting a
communty picnic and pufflpkin hunt, aiongside various Christmas events
PUBLIC BENEFIT
Whilst the principal I￿neficiarIeS ol the Charity are the pupils aged between two and a hall and thirteen
years ol age there are also a number ol organisations in the local community who benefit through the use
of the School facilities or equipment.
The School's sports facilities are regularly used by the local community, including the local
badminton, football and cricket clubs.
Local primary schools are regularly invited to use the School's facilities, inclLKling the annual
Creative Technologist, Innovation Programme.
Links with local primary schools enabled a number of sporting loumaments to be arranged,
providing wider access lo our playing fields and all weather pitches, most notably the Primary
Schools Cross Country Race.
Hosting ol the lermly Early Years Founc5alion Stage Network Meetings, which bring together
leacherg from local state schools and nurseries. Through this group, the School is exploring ways
in which Beachborough School can further support local schools and nurseries on an ongoing
basis
The School and the children have worked Closely with the local community, supporting
Remembrance Day, providing concerts and events and through outreach and Charity work.
Highlights included a Halloween event lor local families and Christmas carolling for senior
members ol the community
The Trustees confim that they have complied with the duty in Section 17151 ol the Charili8s Act 2011, to
have due regard lo the guidance issues by the Charity Commission on public b8nelil.
Grant-making
The School aims to widen access to its education on offer by continuing to provide a means tested bursary
scheme to a51ow parents who would otherwise be unable lo alford the lees, to send their children lo the
School. Bursaries are also ollered to existing parents encountering unforeseen hardship through no laull
ol their own.
The Finance Committee has an established Bursary policy that has been endorsed by the Full Board ol
Governors. With its own sel of aims and objectives, a formal application is made which is 'means-tested'
against the asset value ol the parents.
Page 7

BEACHBOROUGH SCHOOL TRUST LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
Fundralslng ft>r Ch8rltle&
Fundraising for charitable purposes is a fundamental part ol Beachborough School life. The Sehool
encourages children lo lundraise lor particular areas of interest as part ol their social reswnsibility. There
is not a month that goes by when we are not congralulaling, celebrating. and being inspired by the
outstanding fundraising al Beachborough.
Our fundraising helps local, national and international char(ries, and this year the Beachborough
Community raised over £30,000. Charities benelitling from this included The British Legion, Young Minds,
The Brackley Food Bank, Children in Need, Sing2Sign, Brain Tumour Research, Children's Ambulance.
Lumos Ukraine Emergency Appeal and Restless Development.
The School's nominated charity was Mary's Meals and £12,000 was presented to the charity. which was
enough to feed every pupil in our sponsored school in Malawi, for a year.
The School had no fundraising activities requiring disclosure under S162A ol the Charities Act 2011.
Page 8

BEACHBOROUGH SCHOOL TRUST LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
FINANCIAL REVIEW
Results for the year
The school's finances remain healthy, with total income of £6,152,673 (2021.- £5, 724,476),. net surplus ol
£571,010 12021.. suplus £499,22n', cash and cash equivalents of £2,352,850 (2021.. £1,855, 7911,. and
total reserves 01 £6,549,92912021.. £5,978,919) after making Caprtal additions of £48,41312021.' £44,93J.
The suplus achieved was in excess ol the budget and the Governors are satisfied with the School's
financial performance, following on from a year which had been signilicanlly impacted by COVID-19.
The School aims to achieve a sufficient level of nel incoming resources lo finance ongoing capital
expenditure required to keep the School's facilities and infrastructure at a level which may be expected ol
an independent preparatory and to allow lor unforeseen, bLrt essential, expenditure.
Reserves level andpolicy
The School's unrestricted funds stood at £6.549,929 at th& year end. After deducting the carrying value ol
tangible fixed a55els held lor the School's own use. free reserves were £2,187,025 01 which £100,000 has
been designated to a bursary tund. The School does not have any bank loans or borrowings.
11 is the Governors. policy lo maintain Iree reseNes equivalent lo l O /0 of turnover to cover the immediate
needs lor essential operating expenditure and any unexpected financial event.
The School further plans to build up free reserves out ol annual operating surpluses lo develop a Capital
Projects Reserve to lund future projects and maintain uplo-dale facilities needed lo maintain the standard
ol educational serwces lo attract provide benefit to future pupils.
Teachers. Penslon Scheme (TPS)
Throughout 2021122, the School participated in the Teachers, Pension Scheme I'lhe TPS I for ils teaching
staff throughout the academic year. The pension charge lor the year includes contributions payable lo the
TPS of £439,720 12021.. £434,20a and at the year-end £Nil 12021.. £Nil) was accrued in respect of
contributions lo this scheffle.
The TPS is an unlurided multi-employer defined beneftts pension scheme. Members contribute on a'pay
as you go" basis with contributions from members and the employer being credited lo the Exchequgr.
Retirement and other pension benefits are paid by public funds provided by Parliament.
The employer contribution rale is set by the Secretary ot Slatè, and in September 2019, the rale was
increased from 16.48Q/LTr lo 23.68 /. (which includes a scheme adminislralion levy of 0.08.1.1.
In light ol the level ol employer contributions and potential future increases which may be imFJ)sed, the
Governing Body entered into a formal consullalion with members of TPS. 11 was proposed that the School
withdraw from the TPS due lo the lack ol control over ILrture contributions which impacted the ongoing
stability ol the schoo5. Following the end ol the consullalion, the Trustees agreed that withdrawing from
the TPS was in the best interest ol the school and they would withdraw trom the scheme on the 31sI August
2022. A repla¢emenl pension scheme with a new provider (Aegonl, wll be ollered to all staff from the 1 sl
September 2022.
RISK MANAGEAIENT
The Board continues to keep the School's activities under review, particularly with regard to any major risks
that may arise from time lo time, and lo monitor the effectiveness ol the syslern of internal controls and
other viable means. including insurance cover where awropriate, by which those risks already identified
by the Governors can best be miligated.
Page 9

BEACHBOROUGH SCHOOL TRUST LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
The Goveming Body is responsible for the management ol these risks. The School has a comprehensive
risk management Irameworf( which i￿lUdeS a details risk register. Considèration of risk are assessed
wrf(hin the sub-cornmillees and the Goveming Body. Risks are identified and assessed and controls
established throughout the year. Key controls used in the management of risk include..
Fomial agenda for Governing Body and Committee meetings
Strategic planning. budgeting and management accounting
Established reporting lines
Fomial written policies
Authorisation and approval levels
Vetting procedures as required by law lor the protection of the vulnerable
Through this established risk management process, the Governors are satisfied that the major risks
identified have been adequately mitigated where necessary and practicable. It is recognised that these
systems can only provide reasonable, and not absolute, assurance thai the m4or risks have been
adequately managed.
Health and Safety is always a significant area lor risk management. The risks range from lire and
infrastructure to personal risks. The breadth of activities al the School is impressive and the risks
associated with all activities are minimised by thorough planning and risk assessment. The School will
continue lo work with their appointed Health and Safely Consultant lo ensure that risks are identified and
managed appropriately.
Page 10

BEACHBOROUGH SCHOOL TRUST LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
PRINCIPAL RISKS AND UNCERTAINTIES
Events Impacting on-slte attendance
This year the school children were able to rèceive on-site education throughout the academic year, which
had not been possible lor the prior two years due lo Ihe GOVID-19 pandemic. The schools priority this
year was lo support the well-being and mental health children, stall and wider school community after such
a turbulent period. Helping ihe children to adjust back inio lull school life has been a priority, with extensive
pastoral support provided. The impact of the reduced social inleraclion lor the children during the
pandemic, and in particular how this has impacted our younger learners is recognised and strategies have
been pul place to support their social, emotional and academic support.
The school remains ready to deal with any potential pandemic or event which may impad the School's
ability lo welcome pupils in -srte. The School's remote learning model will allow the school to instantly
provide meet our moral and contractual responsibility lo provide an educational service lo the children al
Beachborough School. The School Leadership Team are confident that the School will be able to deliver
a high standard ol education should the School have to close, having built and improved on the models
previously. The Trustees believe that this is key in ensuring pupil retention during these diff icult times.
Polilical and economiTC uncertainties
though Beaehborough has record numbers on role, the Governors are conscious of the economic and
lilical climate and the challenging ol chafilable slalus ol independent school has given rise lo potential
risks which may affect the School's cost base. The rerlloval ol mandatory busiriess rates relief and potential
VAT on school lees are an example ol the wlenlial changes recently raised by political parties. Strategies
around how this could be managed within the school have been explored by the Goveming Body, with
conlingen¢y plans being explored.
One ol the larger uncertainties laced by the SchDoI was the uncontrollable cost of TPS conlribulions. The
Trustees have taken action on this and wthdrawing from TPS allows the Trustees lo control pension cost
which as51Sts with long term financial planning.
The Governing Bodyconsider the affordability ol a private school education lo be one ol the most significant
risks lacing the School, and hence the Governing Body carelullyconsider the annual fee increase lo ensure
value lor money.
Hoallh and Safety
Health and Safely is always a significant area lor risk management. The risks range from lire and
inlraslructure lo personal risk. The breadth ol activities at Scholl is Impressive and the risk associate with
all activities are minimised by thorough p5anning and risk assessment. The school will continue lo work
with their appointed Health arKI Sa181y Consultant lo ensure that risks are identrfied and managed
appropriately.
The generic controls used by the school to minimise risk include..
Detailed terms of reference together with formal agendas for Committee and Board activity,.
Strategic development planning, reviewed annually by the Chair of Governors and the Leadership
Team.,
Comprehensive budgeting and manageThent accounting.,
Established organisational structures and lines ol reporting-,
Formal written policies including clear authorisalion and awroval level;
Vetting procedures as required by law lor the protection ol the vulnerable.
The Governors regularly review the effectiveness of the current tAans and strategies tor managing all
identifi'ed major risks lor the School.
Page11

BEACHBOROUGH SCHOOL TRUST LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
HS2
The Trustees are monitoring the impact of the construction ol the HS2 high speed railway project, with
work commencing in the local area. Work in the local vicinity has been underway for the last two years
and has had very little impaet on the school lo dale. There is a concern that any luturg temporary road
closures may deter parents from choosing to send their children lo BeachborDugh as travel limes to the
sile may increase. However, lo dale this has not been the case wrth pupil numbers remaining buoyant.
The School continues lo monitor the Situation and investigate ways to minimise any potential impact.
FUTURE PLANS
Fleview and redevelop the structure and layout of the school day, with a view to updating the end of
day and after school care provision
Continue the development ol our senior years skills ICELI curriculum lo further enhance links with
businesses and the local community
The continued development ol Beachborough's digital curriculum to enhance leaching and learning
Completion ol an eslales plan lor the lulure development of the school svce and its resources
Further enhance Beachborough's CTI Programme (Creative Technology Innovalionl which helps and
supports local primary schools with IT and t￿hnOlOgY inilialives, taking the project and opportunity to
pupils in Year 5 as well as Year 6
Redesign the outdoor playground areas and spaces and install new play equipment
PROVISION OF INFORMATION TO AUDITORS
Each of the persons who are Governors al the lime when this Governors Report is approved has confirmed
that..
so far as that Governor is aware, there is no relevant audit information of which the School's
auditors are unaware., and
that Governor has taken all steps that ought lo have been taken as a Governor in order lo be aware
of any relevant audit information needed by the School's auditors in connection with preparing their
report and lo establish that the School's audttors are aware ol that information.
AUDITORS
In accordance wrth Section 485 of the Companies Act 2006, a resolution proposing the rtrappointment of
Crowe U.K LLP as auditors lo the COTnpany will be put lo the Annual General Meeting.
This Annual Report, prepared under the Charities Act 2011 and the Companiès Act 2006, was approved
by the Goveming 8ody ol Beachborough Sch￿1 Trust Limited on
including in
their capacity as company directors approving the Strategic Report cont&ned therein, and is signed as
authorised on ils behalf by..
Sue Barrett
Chair of Governors
Page 12

BEACHBOROUGH SCHOOL TRUST LIMITED
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2022
The Trustees are responsible lor preparing this rep)rt and the financial statements in accordance with
applicable law and United Kingdom Accounting standards Iunited Kingdom Generally Accepted
Accounting Praclicel.
Company law requires the Iruslees lo prepare financial statements lor each financial year which give a true
and lair view ol the slate of allairs ol the charitabl& company and ol the incoming resources and application
of resources, including the income and expenditure, of the charitable company lor that period. In preparing
those linancial statements, the Trustees are required to
select suitable accounting policies and then apply them consistently;
obsetve the methods and priNciples in the Charity SORP.,
make judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate lo presume
Ihal the charitable company wll continue in business.
The Trustees are responsible lor kee￿ng proper accounting records, which discltrse wth reasonable
accuracy al any time the financial position ol the charitable company and to enable them to ensure that Ihe
financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence lor taking reasonable steps lor the prevention and detection
of fraud and other irregularities.
Page 13

Crowe
Crowe U.K. LLP
Ch8rteredAccounfrants
Membpr ol Crowe Global
Aquis House
49-51 Bl8grave Street
ReadirF9
BeYkshiiÈ RG1 1PL. UK
Tpl *44101118 959 7222
Fax 444101118 958 4640
¥vw¥v.crowe.co.uk
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
BEACHBOROUGH SCHOOL TRUST LIMITED
Oplnlon
We have audited the financial statements of Beachlxjrough School Trust Limited for the year ended 31
August 2022 which comprise the Sial&menl ol Financial Activities, the Balance Sheet, the Cash Flow
Statement and the related notes, including a summary ol significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Flepublic of Ireland Iuniled Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and lair view ot the state ol the charitable company's affairs as al 31 August 2022 and
ol its incoming resources and aFpli¢alion ol resources lor the year then ended.,
have been propedy prepared in accordance wfch United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements ol the Companies Act 2006.
Bas1$ tor oplnlon
We conducted our audit in accordance with Inlemalional Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit ol the financial 51alements section ol our report. We are independent ol the
charilable company in accordance with the ethica5 requirements that are relevant lo our audit ol the financial
slalemenls in the UK, including the FRC'S Ethical Standard, and we have lullillgd our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis lor our opinion.
Concluslon9 relallng to golng concem
We have nothing lo report in respect of the following matters in relatson to whtch the ISAS IUKI require us
lo rewrt lo you where..
the trustees, use ot the going COn￿M basis of accounting in the preparation of the financial slalemenls
is not appropriate., or
the Iruslees have not disclosed in the financial statements any identified material uncertainties that
may cast signrficant doubt about the charitable company's abililyto continue lo adopt the going concern
basis ol accounting lor a period ot al least twelve months from the dale when the financial slalemenls
are aulhorised lor issue.
CrtWrl,'.K ixlllin¢d l￿bIlitY￿￿￿1PIc1L￿t￿ Tr rry15futdnff*e Itx 55 LvdyEtHill. ￿N￿(￿E¢4￿?Jw Al￿Of
thr l.LP'% AW4il&bk ai iÈsl%lera 4￿￿ by All 1th￿￿￿￿YPj￿rt￿Thvr5Jfft finn UK hy
C'rnwvli K. LLP Isa TrwnknofLiOwe(JhJ￿1. ubwil￿Ve[cJn E￿￿￿*￿￿rri￿ofcr￿wrGk7b￿ Ll leBbl￿tAY UK
Page 14

Crowe
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
BEACHBOROUGH SCHOOL TRUST LIMITED (CONTINUED)
Oihw Information
The Iruslees are responsible lor the other information. The other inlomialion comprises the information
included in the annual report, other than the financial slalements and our auditor's report Ihereon. Our
opinion on the financial slalements does not cover the other information and, except lo the exlenl otherwise
explicitly slated in our report, we do not express any tomi of assurance conclusion thereon.
In connection with our audit ol the financial slalemenls, our responsibility is lo read the other information
and, in doing so, consider whether the other information is materially inconsis18nl with the financial
statements or our knowledge Dblained in the audit or otherwise appears to be materially misstated. 11 we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial slalemenls or a material misstatement ol the other
information. 11, based on the work we have performed, we conclude that there is a material misslalement
ol this other information, we are required lo report that fact.
We have nothing to report in this regard.
Opinions on other malters pre$crlbed by the Companies Act 2006
In our O￿nIOn based on the work undertaken in the course of our audit
the information given in the trustees, report, which includes the directors, report and the strategic
report prepared lor the purposes ol company law, lor the financial year for which the financial
statements are prepared is consistent with the financial statements., and
the strategic roport and the directors, report incSuded within the Iruslees, report have been prepared
in accordan¢e with applicable legal requirements.
Matters on whloh we are roquired to roport by exceptlon
In light ol the knowledge and understanding ol the charitable company and ils environment obtained in the
course of the audit, we have not identified material misslalements in the strategic report or the directors,
report included within the trustees, report.
We have nothing lo report in respect ol the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion..
adequate aceounling records have noi been kept., or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees. remuneration specrfied by law are not made- or
we have not received all the information and explanations we require for our audit
Responslbllltles of trustees
As explained more lully in the Iruslees. responsibilities statement set out on page 14, the trustees Iwho are
also the directors ol the Charitable company for the purposes ol company lawl are responsible lor the
preparation ol the financial slatemenls and tor being satisfied that they give a true and lair view, and lor
such internal control as the trustees determine is necessary lo enable the preparation of financial
statements that are free from material misslatemenl, whether due lo fraud or error.
Page 15

Crowe
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
BEACHBOROUGH SCHOOL TRUST LIMITED (CONTINUED)
In preparing the financial slatemenls, the Iruslees are reswnsible lor assessing the charitable company's
ability to conlinlte as a going concern, disclosing, as applicable, matters related lo going concern and using
the going concem basis of accounting unless the trustees either intend lo liquidate the charitable company
or lo cease operations, or have no realistic allernalive but to do so.
Audltorfs re$ponsibSlltles for the audlt of the financlal statements
Our objectives are to obtain reasonable assurance a￿ut whether the financial statements as a whole are
free from material misslalement, whelherdue io Iraud or error, and to issue an auditoff s reFx)rt that includes
our opinion. Reasonable assuran￿ is a high level ol assurance, but is not a guarantee that an audit
conducted in accordance with ISAS IUKI will always delect a material misslatemenl when it exists.
Misstatements can ariso from fraud or error and are considered material if, individually or in the aggregate
they could reasonably b& expected lo influence the economic decisions ol users taken on the basis of
these financial slalements.
A further description ol our responsibilities tor the audit ol the financial slalemenls is located on the
Financial Reporting Council's website al.. bwww.Irc.or
.ukJaiJditDrsres
part of our auditor'5 report.
onsibililies. This description forms
Extent to which Ihe audlt was consldered capable of detectlng Irregularltles, Including fraud
Irregularities, including fraud, are instances ol non-compliance with laws and regulations. We identified and
assessed the risks of material misslalemenl ol the financial statements from irregularities, whether due to
fraud or error, and discussed these between our audit team members. We then designed and performed
audit procedures responsive lo those risks, including obtaining audit evidence sufficient and approwiate lo
provide a basis for our opinion.
We obtained an understanding DI the legal and regulatory frameworks within which the charitable company
operates, focusing on those laws and regulations that have a direct ellecl on the delerminalion of material
amounts and disclosures in the financial slalemenls, The laws and regulations we considered in this
context were the Companies Act 2006 together with the Charities SORP IFRS 1021. We assessed the
required compliance with these laws and regulations as part of our audit procedures on the related financial
slalemenl items.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial stal&ments bul compliance with which might be lundamenlal lo the charitable company's ability
lo operate or to avoid a material penalty. We also considered the opportunities and incentives that may
exist within the charitable company lor fraud. The laws and regulations we Considered in this context lor
the School were school inspoction regulations, Health and Sately, General Data Protection Regulations
and Safeguarding. Auditing standards limit the required audit proce(Jures lo identify non-¢ompliance wlh
these laws and regulations lo enquiry of the Governors and other management and inspection ol regulatory
and legal corresponden¢e, rf any.
Auditing standards limit the required audit procedures to identify non-compliance with these laws and
regulations lo enquiry ol the Trustees and other management and Inspection of regulatory and legal
correspondence, if any.
We identified the greatest risk of material impact on the financial statements from irregularities, including
fraud, lo be within the override ol controls by management. Our audit procedures lo respond to these risks
included enquiries ol management and the Finance Committee about their own idÈntrficalion and
assessment ol the risks ol irregularities, sample lesling on the posting ol journals, reviewing accounting
estimates for biases, reviewng regulatory correspondence with the Charity Commission, Independent
Schwls Inspectorate and Olsted and reading minutes ol meetings ol those charged with governance.
Page 16


## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BEACHBOROUGH SCHOOL TRUST LIMITED (CONTINUED)** 

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 with auditing standards. For example, the further removed non­ compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non­ compliance with all laws and regulations. 

Use of our report 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 


Janette Joyce 

Senior Statutory Auditor For and on behalf of 

Crowe U.K. LLP 

Statutory Auditor Reading 

5 December 2022 


Page 17 



BEACHBOROUGH SCHOOL TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORA TING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2022
Total
2022
Tolal
2021
Notes
INCOME FROM:
Charltable actlvlties..
School lees receivable
Other income
Other trading actlvllles:
Lellings and shop income
Investments
Investment income
Donations and legacles
Donations
Government CJRS gr8nt
4a
4b
5,727.349
348,99)
5,292,074
249, 795
70.483
79,469
5.851
1,468
7.111
Total
572447
EXPENDITURE ON".
Charftable acllvltleg:
School operating costs
Ralsing funds:
Financing costs
Marketing and advertising
5,498,165
5, 168,583
1,474
1,378
Total
5 581 663
5 225 249
NET INCOME AND MOVEME￿ ON FUNDS
571,010
499,227
FUNDS BROUGHT FORWARD
AT 1 SEPTEMBER 2021
5 978 919 ￿￿692
FUNOS CARRIED FORWARD
AT 31 AUGUST 2022
There were no gains or losses arising during the current or preceding year otherthan those reported above.
All income and operating surplus arise Irom continuing aclivilies.
The notes on pages 2110 31 form part of these financial slalements
Page 18

## **BEACHBOROUGH SCHOOL TRUST LIMITED (COMPANY NUMBER 587874) BALANCE SHEET** 

## **31 AUGUST 2022** 

|Notes<br>FIXED ASSETS<br>Tangible assets<br>9<br>CURRENT ASSETS<br>Stocks<br>**10**<br>Debtors<br>11<br>Short term investments<br>**12**<br>Cash at bank and in hand<br>CREDITORS: Amounts falling due<br>within one year<br>13<br>NET CURRENT ASSETS<br>TOTAL ASSETS LESS CURRENT<br>**UABIUTIES**<br>NET ASSETS<br>FINANCED BY:<br>Unrestricted funds - General<br>**14**<br>Unrestricted funds - Designated<br>**14**<br>Restricted funds<br>14<br>15|2022<br>£<br>£<br>**4,362,904**<br>**57,628**<br>**187,099**<br>**1,014,066**<br>**2,352,850**<br>**3,611,643**<br>**(1,424,618)**<br>**2,187,025**<br>**6,549,929**<br>6.549,929<br>**6,449,929**<br>**100,000**<br>6.549,929<br>|_2021_<br>£<br>_4,490,97_<br>_41,516_<br>_149,062_<br>_508,021_<br>_1,855.91_<br>_2,554,390_<br>_(,066, 3)_<br>_1,87,947_<br>_5,97,919_<br>_5,97.919_<br>_5,87,919_<br>_100,000_<br>_5,97,919_|
|---|---|---|



Approved and authorised for issue by the Board of Governors on 30 November 2022 



The notes on pages 21 to 31 form part of these financial statements 

Page 19 



BEACHBOROUGH SCHOOL TRUST LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2022
2022
2021
Ca$h Ilow$ from opwallng actlvltles
Net movement in funds
Oepreciation
Ilncreasellclecrease in debtors
De¢rease in stock
(Decreasellincreasel in er&Jitors
Investment income
sn,010
176,481
(38,037)
116.112)
358,175
51
499,227
184,343
(29,633)
2,368
(336,018)
Nol cash provlded by operatlng acllvltles
31
Cash Ilows Irom Investing activltlè8
Paymenls lo acquire tangible fixed asseis
Movemenl in short lerm investments
Imiestmènt i￿ome
{48,413)
1506,045)
(112,523)
(1,289)
Ngt ¢a$h luaed In) Invegting acllvllles
112
Chonge In ¢•$h and ¢ash equlvalents In the reportlng
497,059
206,475
Cash and cash equival8nls al the beginnirKJ ol the year
Totsl c•$h ond cash equlvalents at the end ol the y￿r
85
Analysls of changm In net debt
At I September
2021
Cash flow
At 31 August
2022
Cash
Short term investments
1,855, 791
497,059
506 045
2,352.850
1014066
The notes on pages 2110 31 form pan ol these financial stalemenls
Page 20

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
CHARITY INFORMATION
The School principally operates an independent preparatory, pre-preparalory and nursery school.
The incorpc>rated charity Iregislered charity no.. 309910, company no.. 5878741, is incorporated and
domiciled in the UK. The address ol the registered ollice is Westbury, 8rackley, Northamptonshire.
NN13 5LB.
ACCOUNTING POLICIES
Basls of preparation
The financial slalements have been prepared in a¢¢ordance with Accounting and Reporting by
Charities.. Statement of RecommerKJed Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland
IFRS 1021 Charities SORP IFRS 1021, the Financial Reporting Standard applicable in the UK
and Republic ol Ireland IFRS 1021 and the Companies Act 2006.
Beachborough School meets the definition of a put￿1¢ benefit enlily under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise slated in
the relevant accounting policy rM)telsl.
b)
Golng cOn￿M
Demand lor school places at Beachborough remains strong. Conservative cash flow modelling
with sensitivity analysis indicates that the cash reserves ol the charity are adequate lo meet the
charity's obligations as they fall due. The charity currently holds adequate cash balances, which
could be supplemented by liquidating short term invesimenls il required. Accordingly, the
Governors believe the School's financial resources are sufficient lo ensure the School will Continue
as a goin9 concern for the foreseeable future, being at least 12 months from the date of approval
of the financial slalements and have therefore prepared the financial slatemenls on a going
concern basis.
Tangible flxed asset$ and depreclation
Tangible fixed assets are stated al historical cost less depreciation. Depreciation is provided al
rates that reflect the anticipated useful lives ol the asse15 and their estimated residual values.
1-10 /0 Straight line
Over 3-5 years straight line
Land and buildings
Fixttjres and fittings
Individual items costing less than £1,000 are wrillen off as expenses when acquired.
dl
Stocks
Stocks are valued ai the lower ol Cost and eslimaled nel realisable value, after making due
allowance lor obsolete and slow rnoving Items.
P9nsion costs
The charitable company operates a delined contribution pension scheme. Contributions payable
to the charilable company's pension scheme are charged to the Slalement ol Financial Activities
in the period to which they relate.
The School contributes to the Teachers, Pension Defined Benefits Scheme at rates set by the
Scheme Actuary and advised lo the Board by the Scheme Administrator. The scheme is a mulli-
employer pension scheme and is not possible lo identify the assets and liabilities ol the scheme,
which are attributable to the School. In accordance with FRS 102 Iherelofe, the scheme is
accounted lor as a defined contribution scheme.
Page 21

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (co￿riNuED)
FOR THE YEAR ENDED 31 AUGUST 2022
ACCOUNTING POLICIES Icontlnued}
Penslon costs Icontinued)
The School also operates defined contribution schemes for non-l&aching staff, including an auto
enrolment arrangement. Contributions lo the schemes are chargecl in the SOFA as they become
payable, in accordance with the rules ol the schemes.
f)
F88$ recelvable
School lees income comprises the value ol amounts invoiced for tuition fees Charg￿ in respect ol
pupils. Thoy are slated after deducting any remissions granted by the School in respect ol
bursaries arf allowances. Fees received lor education lo b& provided in future years are carried
forward as deferred income.
g)
Government grants
Grants are accounied lor under the perfomiance model as permitted by the Charity SORP. CJRS
grant income is thereloro recognised on a slraighl line basis over the furtough period lor each
relevant employee.
h)
Other Income
Other income comprises the value ol amounts in respect ol related services charged in respect ol
the pupils, including registration lees.
Lettlng Income
Lelling income comprises the value ol arnounls invoiced in respect ol facilrty and premises hire
charges.
Donations
Donations receivable lor the general purposes of the School are recorded separately and any
wishes ol the donorlsl taken into account whenever and wherever practical. Where donations are
made under certain lemis and conditions, the Board will consider such conditions before accepting
the donation. Donations in kind are included in the Statement ol Financial Actimlies al a reasonable
estimate ol their open market value.
k)
Expenditure
Expenditure is a￿rUed as soon as a liabilyty is considered probable, discounted lo present value
lor longer term liabilities. Costs have been directly attributed to one ol the funclic>nal categories ol
resources expended in the Statement ol Financial Activfties. The school is not registered lor VAT
and accordingly experKliture is shown gross ol irrecoverthe VAT.
Expenditure in respect ol the other support costs ol the Schwl includes school trips expenditure,
recruitfflenl costs, general office costs and governance costs.
Governance costs comprise the cost ol running the School, including external audit, Governors,
legal advice, and constrf(utional and slalulory compliance costs.
Bursarles
Bursaries are charged in thè year when the offer is conveyed to the recipient except in those cases
where the oller is conditional. Such Bursaries are recognised as expenditure when the conditions
attaching are fulfilled.
Page 22

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Operating leases
Rentals payable under operating leases are charged lo the Statement of Financial Actiwlies on a
straight line basis over the lease term.
Fund accounting
un￿striCted lunds
Unreslricled funds are nel incoming resources generated lor expenditure on the general objectives
ol the charity. Within unreslncted funds some funds may be designated by the Trustees lo be used
lor particular purposes.
Restricted funds
Reslricled funds are those which rnusl be applied in accordance with the purpose specrtied by the
donor. Expenditure relating to these purposes is charged directly lo the fund.
Flnanclal Instruments
Basic financial instruments include debtors and creditors. Debtors and creditors are inrtially
recognised at transaction value and subsequently measured at amortised cost.
pl
Cash and cash equlvalents
Cash is represented by cash in hand and deposits with financial institutions repayable wilhoul
penalty on notice ol not more than 24 hours. Cash equivalents are highly liquid investments that
mature in no more than three months Ircim the dale ol acquisition and that are readily convertible
to known amounts ol cash wtth insignificant risk ol chan9e in value.
q)
Short tern) IDV&Stments
Short lerm investments represent cash deposited in notice accounts which are not accessible
within 90 days.
Parents, deposlls
The Governors have reviewed the contract terms under which Pupi5 lee deposits are held by the
School. Although under normal circumstances these will be repaid over lulure years when the
pupils complete their education at the school, pupils can leave at earlier date5. The School does
not therefore have an unconditional nght lo relain the individual deposits lor al least 12 months
alter the balan￿ sheet dale and, in line with the requirements in FRS 102, the balance ol the
deposits held al the year end have been included within current liabilities.
Page 23

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION
UNCERTAINTY
In the application ol the School's accounting policies, which are described in nol8 2, Governors are
required lo make judgements, estimates and assumptions about the carrying values ol assets and
liabilities that are not readily awarent from other sources. The estimates and underlying
assumptions are based on historical experience and other laclors that are considered lo be
relevant. Actual results may diller from these e51imates.
The eslimates and underlying assumpb'ons are reviewed on an on-going basis. Revisions lo
accounting eslimales are recognised in the period in which the estimate is revised il the revision
allecls only that period or in tho period ol the revision and future periods il the revision attecls the
current and future periods.
The Governors consider that there are no materi& judgements in applying accounting policies or
key sources ol eslimalion uncertainty.
INCOME- CHARITABLE AcTIV￿lEs
SCHOOL FEES
The School's lee income comprised..
2022
2021
Gross fees
Less.. Bursaries and allowances
5,824,441
5,438,760
146
92
b}
OTHER INCOME
2022
2021
Charg&able 8xtras- incorne
Registration lees
Flexible boarding fees
Event income
202.935
13,617
131,238
199,259
17,704
32.832
Page 24

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
TOTAL RESOURCES EXPENDED
2022
Slatt costs
Depreciation
Other
Total
2022
Total
2021
CharStsble activities
School operating costs-
Teaching costs
Welfare costs
Premises costs
Support costs ol schooling
Hardship Fund
2,985,002
410,953
188,038
535,807
277,963
275,045
379,362
269,514
3262,965
685,998
743,881
805,321
3, 165,599
638, 114
609,866
750,471
176.481
4119800
176481
1 201 884
Ralslng funds
Financing costs
Marketing and advertising
1,474
1,474
1,378
498
TOTAL RESOURCES
EXPENDED
Included in supry)rt costs are governance costs of £19,16212021.' £15,857?-
Staff costs
Depwiation
2021
Other
Total
2021
Charitable aclivities
School operating costs..
Teaching costs
Welfare costs
Premises costs
Support costs of schooling
Hardship Funé
2,969,482
395,091
176,442
512,265
196,117
243,023
249,081
238,206
3, 165,599
638, 114
609,866
750,471
184,343
A2ising funds
Financing costs
Marketing and advertising
1,378
1,378
56 666
TOTAL RESOURCES
EXPENDED
Page 25

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
INCOME
2022
2021
Net income is slated after charging..
Depreciation of tangible fixed assets
Operating lease expense
Auditors. remuneration (excluding irrecoverable VAT}
audit lees
lax advisory
other serVI￿S
176,481
12,489
184,343
4,420
14,900
11,925
550
EMPLOYEES
The average number ol employees in the pgriod was..
2022
No.
2021
No.
Teaching
Support
Premises and Welfare
11
36
b>
Staff costs
2022
2021
Wages and salaries
Social security costs
Pension costs
3.314,127
313,889
3,260, 149
303.880
489251
Total
The number of employees whose emoluments exceeded £60:000 were..
2022
No.
2021
No.
£60,000 - £69,999
£70,000 - £79,999
£80,000 . £89,999
£90,000 - £99,999
Of the above 1 slatf member (2021.. 2) have benefits accruing under the defined benefit Teachers,
Pènsion Scheme and 1 staff member12021.' 11 under a personal pension scheme. Contributions
in the year totalled £30,854 (2021.. £38,284). Key management p2rsonnel consisting ol the
governors, officers and key rnanagement listed on page 1, received aggregate remuneration
(including employers Nl and employers pension contributions) 01 £460,297 {2021.' £436,747).
Termination payments in the period lotalled £Nil 12021.- £Nil).
No remuneration (2021.- £NilJ was paid lo members ol the Board ol Governors and £460 (2027..
£206) expenses were reimbursed lo two Governors (2021.. Iwo Governors) lor travel. There was a
balance of £Nil (2021.. £Nil) oulslanding to Governors at the year end.
Mrs Z Prilchard, the Headmaster's wrfe and Mrs S Gross. the wile ot the Head of Manor House,
are employed al the SchoDI under standard contracts ol employment and under the appointment
of the Governors.
Page 26

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (coNfiNUED)
FOR THE YEAR ENDED 31 AUGUST 2022
TAXATION
Beachborough School Trust Limited is a charity and is enlilled lor the current and prior year lo the
exemptions provided by Section 505 Income and Corporation Taxes Act 1988.
TANGIBLE ASSETS
Fixtures
and
Flttings
Freehold
Property
Total
COST
At 1 September 2021
Additions
Disposals
5,142,653
401,058
48,413
5.543,711
48,413
Al 31 August 2022
514265
471 5592 124
DEPRECIATION
At 1 September 2021
Charge lor the year
Disposals
798,177
86,627
254,562
89,854
1,052.739
176.481
At 31 August 2022
04 344 416
1 229 220
NET BOOK VALUE
At 31 August 2022
Al 31 August 2021
10.
STOCK
2022
2021
Stock
11.
DEBTORS
2022
2021
Trade debtors
Other debtors
Prepayments
127,850
11,227
101,705
16,654
Page 27

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
11
SHORT TERM INVESTMENTS
2022
2021
Temi detx)sfis
14 066 ￿02/
Short term investments represent term deposits invested on 95-day terms.
13.
CREDITORS: Amounts falling due wV(hin one year
2022
2021
Trade creditors
Accruals and deferred income
Parents, deposits
26.617
1,243,538
63,323
875,712
127 408
Included within accruals and deferred income a￿ payments lor tuition lees received in advance
for future terms.
14.
FUNDS
2022
Atl
September
2027
Incoming
resources
Resources
expended
Transfer
beiween
funds
Balance at
31 August
2022
Unrestrlcted funds
General
Designated - bursary
5,878,919
iooooo
6,152,673 15,581,663)
6.449,929
Dè$lgnated fund- bursary
The Governors have designated £100,000 of the 2021 surplus lo a designated fund to be able to
provide bursaries in th8 lulure.
Page 28

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
14.
FUNDS Icontlnuedl
2021
All
September
2020
lftwming
resources
Resources
expended
Transfer
between
funds
Balance al
31 August
2027
Unrestricted lunds
General
Desionaled- bursary
5,467,791
5,724,476 (5,213,348)
(700,000)
loo 000
5,878,919
Total
572447
5978919
Resiricted funds
Hardship fund
TOTAL FUNDS
Hardship fund
The hardship lurKI relates lo income received lo specifically help those parents impacted by COVID-
19. The fund is restricted lo only help those parents who apply lor financial help and upon successful
application are eligible to ulilise the funds lo pay school fees.
15.
ALLOCATION OF NET ASs￿s BETWEEN FUNDS
2022
Restricted
Funds
Unrestrlcled Total Funds
Funds
Tangible fixed assets
Current assets
Current liabilities
4,362,904
3,611,643
1424 618
4,362.904
3.611.643
2021
Reslricied
Funds
Unrestricted
Funds
Tol81 Funds
Tangible fixed assets
Current assels
Current liabilities
4,490,972
2.554,390
1066 443
4,490,972
2,554,390
1066 443
16.
CAPITAL COMmITME￿rS
There were £Nil capital commitments at the year end12021.- £NilJ-
Page 29

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS {cobrriNUED)
FOR THE YEAR ENDED 31 AUGUST 2022
17.
OPERATING LEASE COMMITMENTS
Al 31 August 2020 the School had lulure minimum lease paym&nls under non-cancellable
operating leases as lollows:.
2022
2021
Within l year
2-5 years
12.580
11,481
17 788 ￿￿71
18.
PENSION COSTS
Teachers, Penslons
The Schoc)I participates in the Teachers, Pension Scheme I'lhe TPS'I for ils leaching staff. The
pension charge for the year includes contributions payable tts the TPS of £439,720 (2021..
£434,202) and al the yearend eNil (2021.. £NilJ was accrued in respect ot contributions lo this
scheme. The School lefl the Teachers, Pension Scheme on 31 August 2022.
The TPS is an unlunded mults'.employer defined benefits pension scheme governed by The
Teachers, Pensions Flegulations 2010 las amendedl and The Teachers, Pension Scheme
Flegulalions 2014 las amended). Members contribute on a.pay as you go" basis with contributions
from members and the employer being credited lo the Exchequer. Retirement and other pension
benefits are paid by public funds provided by Parliament.
The employer contribution rate is set by the Se¢relary ol Slate following scheme valuations
undertaken by the Government Actuary s Department. The most recent actuarial valuation Df the
TPS was prepared as at 31 March 2016 and the Valuatitsn Report, which was published in March
2019, conlirffled that the employer contribution rate lor the TPS would increase from 16.4.10 10
23.6 /. from 1 September 2019. Em￿0yerS are also required lo pay a scheme adminislralion levy
of 0.0￿/￿ giving a total employer contribution rate o123.68QA.
The 31 March 2016 Valuation Report was prepared in accordan￿ with the benefits set out in the
scheme regulations and under the aFproach specified in the Directions, as they applied al 5 March
2019. However, the assumptions were considered and sel by the Department for EdLJcats'on prior
lo the ruling in the 'McCIDudlSargeant case,. This case has required the courts lo consider cases
regarding the implemenlalic>n of the 2015 reforms lo Public Service Pensions including the
Teachers, Pensions.
On 27 June 2019 the Supreme Court denied the government permission to appeal the Court of
Appeal's judgment that transitional provisions introduced lo the reformed pension schemes in 2015
gave rise lo unlawtul age discrimination. The government is respecting the CDUrt's decision and
has said il will engage lully with the Employment Tribunal as well as employer and member
representatives to agree how the discriminations will be remedied. The government annoLtnced on
4 February 2021 that il intends to proceed wf(h a deferred choice underpin under which members
will be able lo choose either legacy or reformed scheme benefits in respect ol their service during
the pgriod between 1 April 2015 and 31 March 2022 al the point they become payable.
Page 30

BEACHBOROUGH SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
18.
PENSION COSTS (continued)
The TPS is subject to a cost cap mechanism which was pul in place lo protect taxpayers against
unforeseen changes in scheme costs. The Chief Secretary lo the Treasury, having in 2018
announced that there would be a review ol this cost cap mechanism, in January 2019 announced
a pause to the cost cap mechanism following the Court ol Appeal's ruling in the McGloucVSargeanl
case and until there is certainty about the value cif pensions lo employees from April 2015 onwards.
The pause was lilled in July 2020, and a consultation was launched on 24 June on proposed
changes to the cost control mechanism following a review by the Government Actuary. Ftsllowing
a public consultation, the Government have accepted three key proposals recommended by the
Government Actuary, and are aiming lo implement these changes in lime for the 2020 valuations.
The 2016 cost control valuations have since been completed in January 2022, and the results
indicated that there would be no changes lo benefits or member contributions reqLJired. The results
ol the cost cap valuation are not used lo sel the employer conlribution rate, and HM Treasury has
confirmed that any changes lo the employer contribution rale resulting from the 2020 valuations
will take effect in April 2024.
Until the 2020 valuation is Completed it is not possible to conclude on any Ilnancial impact or lulure
hanges lo the Contribution rates tsl the TPS. Accordingly, no provision for any additional past
benefit pension costs is included in these financial stalemenls.
Other Pensions
The School also makes contributions lor non-leaching staff. This is a separately administered
defined contribution scheme or an auto enrolmenl arrangement with NOW and Aviva. Employers
contributions lor NOW lotalling £44,144 12021.. £47,549) and lor Aviva totalling £7.920 (2021.-
£7,500) were payable lo the defined conlribub'on fund lor the year.
Total oulslanding contributions lor these schemes at the year-end were £7,504 (2021.. £7,454).
Page 31