Cornpafty rog18traiion numbor. 00618973 CharilatrAe company r•gistrallon number. 310218 Marchant-Holliday School Limited IA camp￿Y limited by guarant••) Annual Roptrt and Rnancial Statements for Ihe pwlotl from 1 AP￿ 2023 to 31 Augusl 2024 NU *AE38XABM* 2410512025 COMPANIES HOUSE A08 #157 Marchant410lliday School Limited Contents Trustees, Report 1 to8 Independent Audltors, Report 91012 Statement of Flnand81 Aclt¥iUo9 13 Balanc8 Shaet 14 ststernenl of Ca8h Flov 15 Nolas to the Financial Si8tom•nls 16to28 Marchant-Holllday School Limlted Trustees, Report Tho 8oafd of Govemorn has pleasure in submitying Its Annu•l Report together *llh the audited finanthl slatements for Ihg charity for the perfod ended 31 August 2024. The finandal slatements have been pr8pafwJ In a¢cordance wlth ¢urrenl statutory roqulremwts. Background to m￿hant￿l011ldaY School Mar¢hant-HollkJay School 15 an indopondenL r081d•ntlal and day speclal school. approv•d by th• Doparlment lor Education (DIE) for boys aged ¢lve to thlrteen w￿) present wilh Social, Emolonal and Menlal Health (SEMH) needs, induding aspects of atstlsllc spectrum disorder and other Lx>firf1￿on& The school receives relerrals from Local Aulhorfwes throu9houl the South West of England for both day and boarding plac•rn•nt8. The school 8118 kn beautbfvl grounds In a rural area of Soulh Somo(sèt on the bordef wllh Dors•t and Wittshlfe. It Is well locatod to loul rallway stollons and Is wlthln dose proxfmlty to the MI￿r r¢4d ol the A303 providing good aceesslblllty From its Inceptton. the school has almed to provld• tho very best slandard ol education arld ¢ar• to help pupils dev•lop iholr full potenllal lor soclal, emotional and irrtellecbjal growlh. The orfglnal vlsk•n ol Mr Mar¢hant-Hollid8y was that the coming to the school should find 8 klrtd. ¢arfng. tolerant and supportlve environment thal would help them rocover Ihelr 8eK•WOrth and sdFu)nfiderK•. a$ well a8 C4)nb'nuinq to dovolop 0880nli41 •¢ad•mk and life 8klll8. Admlsslon Criterfa All pulls releffed to the School have an Educallon. H•alth and Care Plan (EHCP). Prfor to entry, thorough a35e3smonl ol tho ne•d6 01 ea¢h pupil l¥ Gathed OUL Once a placement 15 agreed. bespoke le8mlng and behavlour plan$ are drawn-up based on Ihe oul¢om88 Idenlllled In tho EHCP. The 8thooVs ultlmate alm is lo make chlldren l¢¢1 sole and happy, and subsequenljy to achlev• •xc•ll•nl acada￿C progfes8. pwNlv6 beh￿lour pattems and well developed interpornonai sklll$. Purpos•• and ObJ•cQivq8 Our approach at tho M8rch8nt+loUld8y Sehool. In support of the EHCP. Is to provld• an Innova¥va. $tlmulallng and engaglng ajrrtojlum vthich will gr¥0 the pupils a lovo of l•arnlrvJ or•d the $klll$ to Ihrfve In lator lile. The puplls feferrod to us have often had Ilmlted accéss to wld¢f leaming opportunlties. At Marchant+lolliday S¢￿#>01. we place great emphasls on Ihe wider curriculum to develop thè whole ¢hlld. W• provide a cvrri¢ulum linked and social programme of frxcursion8. ¥1￿ ond experlertces oll •lt• for all puplls. At the end of their tsmo at m4rd￿n1-HO11ld8Y School, puwls either feturn to mainstream edUCa￿on ¢y are p*ed in seCor￿ary specialisl prowision vthlthever best 3uIts th•lr need8. We focus on 11 trnnsillon process and see rt ￿ a vllal 8spect of our provlslon Invol¥lng parentslcarers. Loral AulhoTilios and POientl81 new schods to make ts transIti(￿S as successful as possibl&. Wo bellove makin9 this procoss a6 robusl and compr•honslv• as pos8lbl• Supports thè Puplls and leads to better out¢omg$ lor our pupil¥. Pa9è 1 Marchant.Holllday School Limited Trustees, Report Publ1¢ Benefft Marchant4lollklay Sdwl offers a nurtuAn9 educatlonal environment for children wSlh SEMH noed& Typlcally. th8$• ¢hlldren hove found coping in mainstream schools challenglng and have not Ihrlved pernonelly or pmgressed academicalty. Marthant41olliday School oilets a ht9h teacher: pupil ratio ilh defined structurgs and appffjachos whl¢h enables each individual child to Ihrivo. Al] pupil$ arrfv• 81 Marchanl-Hotlid8y School frorn a Local Authority pr¢)vlslon ¥*therèby their SEMH needs have been identifiad as having had ¥n advers• èffect on thè6f progress, achiaverngnl, poof¥. parnnt$l¢arers and tho wldaf eommunty. Our small dedlcated d88sroom based provlslon ts supported by speclallsl teams rnnglng from 1.1 supwrt In addillon to specific needs in tenns of Speoch and Language Therapy. The school off¢r8 publlc benefit by reducing the Impact on lo￿1 aulhorlty provision lof chrfdren with SEMH n•ods and provides other opportunltles lo prDgress In ways Ihat have proved dIffi￿J11 in thelr prevlous settlrw. This In lum enables our chlldren to becom8 happy. and Indepondent and Iheroby ¢x>nlribute to socl8ty as they grow up. Whllsl the sd￿l's prfmary aim l¥ Io Pfovldo for Our ¢hlldren's noeds In ordOT for th•m to thrtve we oqually a¢kn￿1•dg•. and support the lfflportant role of Ihg1¥ paront$l￿r*rn. In deciding what adi¥ltlg8 th• ¢h&rlty $h¢uld undertake th8 tru$leos hav• ho¢J du• ro9•￿ 1¢ Ihe publlc benefit guldance I￿￿ed by the Charlty Commission. Soelal Investment At Mar¢hant Hellld•y School. we a(• dethratsd to publlc b•n•fft ￿ a charfjty supportlng di8advantag•d Jplls. Our community invofvement inclvdes Iltter plcklng and maintainlng the lo￿1 vlllage dog walklng fleld. which lo$terJ ¢nvlronmentsl stewardshlp 8nd communlty spldl among our sludenls. We also exlond our export1$0 to headteachern and senlor leaders In academl•s. m81nt8lnod scheolg. and indep•ndent $pécS8l schools, sharing besl practice$ to enhancé aducational standards. Through collaborativ• m•éting8 and tailorod guldance. w• $upport •ffodivo school improvemont plan•. creatlng a rippl8 effecl that b8n8fits ¢ounlles8 Students beyond our immodlats communlty. Our social Inveslrnent 8tr8tegy includes the Marchanl Holllday Outreach Team, whith cQllaborates wlth sthool staff lo develop $tiateglo9 l¢1 Improvlng attendance. progross. and outojmés for pupils with SEMH and SLCN dlfflculues. Support is tailored to ind+vldual needs, ranging fmm one￿ff visits to 1Sm•41mited progr8ms, ensuring stratogth are •ffectlvety monitored and adjusted a8 ntt•s$8ry. The School demonstrat•8 fièxlblllty. provldlng emergenry rKpSte bOardfr￿ carn. ¥there appropri910 to support pupils arKI famlllès In need. The scJK>oI provides Ihls support wllh no additional costs to tho relovanl auth¢ylty on o ¥hort-lerm basis. The School h88 re4nslated ¢Jur Parenucarer forum meetings whlch take place in Sthool once each temi16 tim•¥ a year). These are ctrordinaled by o unloi member ol $taff *ith the supfvw)rt from our Govemofs. Pag6 2 Mar¢hant-Holliday School Limited Trustees, Report Achlovements and Porfonnane• Rovlew ol chantable adlvibesJn￿tyaken Schools staled charilable aiffl is tho ¢are and education of as many vulneTrble chlldren a8 posslble wilhin our dofined Gapacity. Al Mafchant-Holliday School 'vulnernblo' rolatos lo ¢hlldr¢n vtho5• Ilf• may hav• l)6 Impacted by th￿r SEMH need8. The School's Vision, Values and Culturo. a8 Outllnad In our strateg￿ Plan. are an alignad with Improvlng thls situation f¢x th• pupils r•f•rMd Io u8. Th• School eonlinues to fuftcllon as a key provider of education and care for ¢ur ￿ vAth SEMH n8•d$ throughout the Sauth W8st ol England. Wg hava good rolatb)n8hlps wlth the rdevant L<)cal Authorttles and enjoy an excellent reputation In our flèld ol wort. Placefflent ol puplls have remalnod buoyanl during ihSs porfod under revlew wth numbers flucluating belw8en SO lo 54 puplb. In Ilne wlth current trertds our boardlng requirement [6 docrnasing bthlch Governlng Body are awar8 ol and addressing in their future strategy plans ol the sth¢)ol. The ¢ontlnulng health and prosperity of the School deperKls on the ongo5ng flow of ref¢rrals from Ictal outhortiies albeil ihe Goveming Body Is oxploTln9 other av•nu•s to expand Our prov1d￿. Ke non-financial rforwnan￿ indicato The otsi¢d Educatlon Inspedon carrlod out durlng Maf¢h 2024 and Ofsted th• Soclal C4r• Inspeelion in Novembef 2023 resutted In 'Outstsndlng' ludg8m•nts In 811 areas. The Inspeclion Team pralsed Ihe woth of the school and nolod that. 'Puplls Ihrfve at Marthant Holliday School. Positi rolalr¢Jnships. bulli on mulual respect and twst. help staff nurture pupils, s8K-estoem. lalenls and Interosts. Skilled $taff i•a¢h a highly personalisad 8nd ambitious cunirJJlum to meet pupils. special educaUon•l n•gd¥ •rtdlor disablllles (SEND) exceptionalty well. Pupils benofit from an •xc•lhnt èduealion. The Trustees believe thal Iho scho￿ ¢onunu•s to dellver In tomis of achlèvernent of its charllable ¢>bjecllvés. In the past 18 months Ihe School b8s malnlalned numbers In an Increasingty competi1iv• marketplaco. Tho age profile ol chlldien referred lo sc*ool reflKts the increasing numbers of younger pupils thereby providing greater (Ipportunilles to infiu8nce bohavlour paltems at an earfler slag0'. Devdoprnents During thls finandal porfod thoro has been $lgnlflc*nt Inv•slm•nl to upgrndt the Ilfe $8lety Systems. an exiensive fi￿ deteclron and alerting Syslem has been Inslalled Ihrou9hout ihe school estale. alon9 tthth upgrades to the ernergen¢y lighting. The s¢hool kilt*en has been up9raded ond fitted out vlllh modem caterfng equlpmeTrL Additional dassroom ladlille$ h8ve b•en ¢re•t¢d wNh éedlcaled ¢JJtdoor learning spa¢4s. Improv8mertt th varfous aspeets of the School ha3 COn￿nUed. Including residentl81 relufbishments and the se¢urity of th• $it•. Tho S¢h¢oI ha$ 4180 con11n￿a to Invest energy efficient equlpm6nt and measure8. Pl•n$ fof fvtur The School is oxploling oppO￿nI1108 to lurth8r In￿•aS0 Its ¢ap8th for expanslon and lo diveyslfy Its currfculum off•r. A bng iorm development plan 19 In the iTrfan￿ of betr¥J ueated to explore dewlopmenl ol our $lt• to mo61 Ouf strateglc ob￿1¥08. Projects urKIw CL+nsidernlton •r8 eddrtlonal d8ssrooms. bespoke Intervenllon rooms, office space and farjlities for our therapy provision, replacemènt 8port$ lacllltt•s and new dedkated dlnlng spa¢68. Pag• 3 Marchant-Holliday School Limited Trustees, Report Fina￿la1 Revlew Th• flnandal result8 for Ihe perlod perlod 31 Augusl 2024 aro sel out on pages 13 to 29 and awo summarlsed hern, The rnsults afa Mt direcuy comparable wtth the Pf8vlous year as they ¢ovw the period from 1 Awil 2023 to 31 August 2024. They ther•for• In¢lud• lour l•rms' Income but 17 rnonths, slaff colts. The 8chod's' total Income In 2023124 was £4,567.19012022Q3 - £3,036.$2S). Wo have continued to dcK4tty menage our expend￿￿ and daI￿r value for mon•y. Our total expendlture in 2023r24 was £4.760,18212022123 - £3.166,602). We have •nd•d tho ￿r￿n￿•1 perl¢)d wlth a defic6t ol Income over 0xpw￿￿re of £(1¥2.992)12022123 - £(130,077)). Oetai15 Of mov•rn¢nts In fixed assets are show in not• 11. Flx•d ass¢ts ￿ale to land arNI builthn95. fixtur•s and fittSngs. motor vehicles and computer •qulpmenl. se Tho Board revlews thg levels of fo￿1V6$ annually. The school needs to malntaln •nough unreslilcted funds to cover varfaOon$ In pu￿1 numbers during th• y•aT whibl 81111 fftaeltng eypendtiur• ¢ommSlmenl6. At 31 Ats9USt 2024. total wg$•Nos stood 01 £6.147,549 {2023 - £6.340.541). Of thls flgure. net current assets are £1.577,068 (2023 - £1.902.889) and cash r85eTV8S aro £2,072.473 (2023 - £1.979,120). 'Free reserv￿,, belng unfestrtcted funds 1g$s tan9lblo flxed assets. are £2.575.645 {2023 £2,901,399). Tho ghool alms to pro¥ido for a w1n(SdO¥￿ reserve of £309.000 plu$ slx-monlhs. oporallng costs 01 £1,680,064: fre• r•8oThe¥ oro thus ahead of policy. Of tho totol feseM8 of £6.147.549. £1.423 Is rnstrlcted. Generolty 99% of Iha school's Incom• Is derfved from fees ¢harged ID the Local Aulhoritie8 for pupll placements. Inve The Board adopts whal it wnslders to be a ￿nBe￿aliVe Investment ￿licY. 11 will take profegslonal advice b8fore Impl•menUng any ¢hanges to Its Invostmenl portfollo. The School rolains a prnpwlon of lis funds (ty¥vcaUy £1 mimlon) in lon*lemi. low rlsk Incomtrgenerating investments. with Ihe aim ol genefatlng additional incomo lor the school. Now that financial markets are more slabl•, th• Khool aims to rg88arch hlgh•r Inwest bearing invo8kn8ni ac￿nts In the new financial year. Pa90 4 Marchant-Holllday School Limited Trustees, Report Structure, Gov•manG¢ and ManAgeM•nt Nature ol Governin rnent Th8 school w&s Incorporated on 13 June 1959 85 a Company fimited by guarantse #hd hawlng sharg Gapital {r•glslor￿ In England and Wab8. number 00618973). Tho 9ovemtry d0￿MertI Is tho Mernoranduft) of Asso¢Fats"on. Tha school ¢annot pay dmdends and must ulili6e all its funds to lurthor ts charitable obi8ctives. uit ni and App5nlm t of Trustee Thè currenty has a Governing Board comprfslng of lour fflémbefs. The sthool continues lo récfult governor5 wlth skuls thal wlll b• of v8lu• to the govwnln9 bth. Slandard appointrn•fit procedures are adopted In thè same way Ihal they are applied to paid staff. All new T(uslees f¢Now 8 pre-detemiined indudion programrno whkh 1$ an ad8Pted fomi ol that used for emplo>ees. Arr for Personnel The school adheres to framawork docum•nts rnforved to Sn staff ￿IntraCt$. In rel8tlon to tèaching slaffr. Tho T•athers' Pay and Condlllons document and Sta￿l0ry regulations affectiTra the employTh8nl and conduct of toachlng Staff. For all olhef empws: Th8 Natlonal Joinl Council for Local Govemrnent S¢rdc48 Natlonal A9reemenl on Pay and Cffidilions of SeThice. An annual salary review is pro$¢ntsd the Gov•mln9 8ody for thelf &￿sIdera114?fi ar￿ approval. Or nlsauo I Struc Th• Board of Govemors undertake decSslon8 on all aspgc18 01 th• 8choof8 acll¥ltl•3 •s pm•nt•d to Ih8m by the Headte8c￿r. They m88t at least slx ts'mos a year and produu rnlnutss of thelr meetlngs. Other than the Truslees, the school has not worked wilh any related partles durfrtg th• y•8r. Non¢ of the TNstees ro(xived remunef8tion or olher benefits from th¢lr wlth the S￿￿01. Risks The key Idenllfied rbsk lo tho ¢ontlnued prosperty of the school Is a dedine in pup￿ refeThals occa8loned by Local Aulhoiity changes ol PDlicy or olher •xtemal laclorn. Management of thls Fs Pfl>8dfve In teffms of an$￿￿ng ihat our provl$l¢n ￿me1ThS of hlgh quallty {as evldenced by Ofsted), that the feo structure is appmpriato arKI moreover thal roforrers conlinuo lo havo Gonfidonce in OUT syovl8lon for our purlls. MAlnt8nanc• 01 good working relationships wth Local Authority commlssl¢Mlng olftcefs and SEND Leaders & a key prfority wthin trus process. AS slated above, reseThe pol]cles continue to ￿ter for continuats'on of Ihe sthool's business on reduced number5 for a poriod of 6 m¢)nths or more should Ihat need •v•r art80. GoV•f￿r$ awaro of the$$ ldentsfia￿• rlsks and ar8 worf¢lng towards other 8lreams ol Income In support of Ihe c￿lIn￿lty of Ihe Se￿01. Pago 5 Marchant-Holllday School Llmlted Truslees, Report Truste•8 Mrs W Tolson (reslgned 17 Aprd 2023 Mr8 D cI￿lton Ireslgned 7 Awd 2023 Mrg L M Thomg (r8slgned 12 Apfn 2023) MrB L Wocxl (rnsignod 11 Awil 2023) Mr S J Lusher {re81gn¢d 1 September 2023) fvI￿ S J 8elgeonn• (appolnted 14 July 2023 and reslgned 12 March 2024) N E Hopklns Mi J Mortlmer (appolnl•d 28 January 2025 Lt Genoral (Retd) AMO Palrnof C8 C8E (appolnted 21 Aprtl 2023) Mr6 N J Slade (appolnted 3 May 2024) MIS8 J R Walkor (appdnt8d 11 March 2024 S•¢r•tsry Mr8 C A Stroud (reslgned 11 Awil 2023) Mr4 K L Frnlz-Brown (appolnlod 6 NOVem￿r 2023 and re81gned 14 July 2024) Mf S J Lusher (appolnt•d 6 November 2023) Prfndpal Offlee North Cheriton T8mp18combe Somerset BA8 OAH The charltable company Is Inco￿0[al•d in England and Wales. Pa99 6 Marchant-Holllday School Limlted Trustees, Report Company R¢glstratlon Numb•r l)0618973 Charitablo company Reglstratlon Numbor 310218 Audltor PKF Franclg Clark Ground Floor Bla¢kbTook Gate 1 Blackbrook Busin￿$ Park Taunton Somernot TAI 2PX Soli¢itorn: V•al• Wa$trough Vlzards LLP NafTOW Quay House Narrow Quay 8ri8101 8SI 4QA Dl8¢lo$ure of Informatlon to auditor Each trustee has taken steps that thoy ought 1¢ hwe taken as a trustee In order ¢0 rnake thom$efve$ abwdie ol any relevant audlt Informatlon and lo eslabllgh that th• ¢harilabl¢ ¢ompanY8 auditor Is aware ol that Inlom)8iion. The twsiees confirm Ihat th•rn18 no relevant Inf¢miatlon Ihat they know ol and ol filch they know Ihe auditor is unawaro. 2025 The annual report was approved by the truslees of Ihe charftablo compony on .. slgned M lis behall by. and Lt Gener Trusleo Id) AMD Palmer CB CBE Pag• 7 Marchant.Holllday School Limited Trustees, Report Stalernenl ol Ivustg••' mpon$ibllltlo9 Tho trustees (who are also the dlrectors of Marchanl*olliday School Llfflliéd for lh• purposes ol company law) ar8 Rsponsibte fof preparing tha trusteos, r¢port and Ihe financial statements In accordance *ilh applk8ble law end Unlled Klngds)m Ae¢ounUn9 Star#Jard$ (Unlted ￿ngdorn Generally Accepled Accounling Prac11￿), Induding FRS 102 Yhe Flnanclal Reportlng Standard applicable in thè UK arrfl Republic ol Ireland". Company law Nulres the Injstees ￿ prepare finandal slalemenls lor e8¢h flnanaal penod. Under company18w the trustees musl not approv• the firnarKlal stalements unless they are satisfied that they give a Irue and fair view of the slale of affalrs of the ¢harilable r￿mPeTrY and of th8 incoming resour￿9 and appllcauon of ￿SoUrces, Induding its incom8 and expenditufe. of the ¢hadt8ble company for that perlod, In preparing these flnanclal staiern•nts, the tru8tee• are requlred to: 801ecl suitablo accounllng polld•s and apply thern ¢onsislenUy, observe the melhoth and prfndpl•s In the Chorlues SORP: make judgemonts and 98llmal•8 that are rv48onablo arAI prudent; 61ale whether applicable ac¢ounllng $tandard$, comprlslng FRS 102 h8ve been fol1v•￿￿. subject to any m¥t¢rt81 départurég dlsclosed and explainad In the financial statemenis: and propare tho fflnanclal statements on the goirKJ concem basls unless it Is Inappropflate to pr•sume thal the charltable company vnll continu• In bu¥lne$B. Th¢ twstees are responsible lor keepin9 proper a¢￿untIng r¢¢ords Ihal can d1$￿￿e wllh reasonable accuracy al any limo the fin8n¢io1 ￿llIon ol the eh8ri1able company and enable them lo ensure that th8 finandal 8tatom•nts comply wlth the Companies Act 2006. Thgy arn a150 rosponslblo for 8af•guardlng ihe assets ol the ctharflable company and hence for taklng rtasonable stsps IOT the feventlon and det8¢llon of fraud and oth•f lff•gularltl•$. The truslees are responsible for iha malnten8nc• and Integrfty ol ihe corporate and financial Infonnatlon Included on the tharftable companls webslte. Legislation 9ovemlry the prgparnlEon and dlssornlnation Of fin8nd818tatements may differ from legislalion in other lurfsdlctlons. Pago 8 Marchant410lliday School Limited Independent Auditorfs Report to the Members of Marchant-Holliday School Llmited Oplnlon We have audtted the IlnanrAal ststem8nts of MaId￿n1-Ho11￿1aY School Limited {th• 'd)arft8ble ompany) for the period from 1 Aprfl 2023 to 31 August 2024, which Gomprl80 Ihe Stalement of Finandal Aclfvllles. Balance She8t. Statom8nl of C4sh Flow5, and Notes to the Flnanclal Siatements. Includlng a summary of stgnificant a￿o￿n11ftg p0￿cleS. The financial report5ng framework that has been applled In Iheif Ixeparatlon Is applle¥bte law and Uniled Kingdom Accounllng Slan¢Yards. including Financial R¢portin9 SlandBrd 102: The Fina￿181 Reporting Slandard applicable in the UK and Republlc of Ireland (Unlled Kingdom Gerternlty Accepted Accounling Practi￿). In our opinl¢M the financial statements: glvo a true ond laif view of the state ol th• ¢harltobl• eompanf$ affairs a* a131 Augu$t 2024 and ol Ils Incorne and expenditurn for the Pa￿0d then ended; h8vè been propwly prop4r•d In •¢¢ordance w5th Unlted Klngdom G•n•rally A¢￿pIe￿ Acc4yJntsng Praclire." and h•ve bwi prepared in accordan￿ wilh lh• f¢qulfements of Ihe Compani•s A¢1 2006. 8asl8 for oplnlon We c4)nducled our audlt In a¢￿rdance wlth Intemalional Stan(lards on Audlb'ng {UK) {ISA8 (UK)) and applicabl• law. Our r•sponslblllUes undar thLW slarKJ8rd$ are further describad in th• audllor $ponslbllilJg3 k)r Iho audlt ol Ihe flnandal $ial•rnents secllon ol our report. W• aro Independent ol chadtable company in accordan¢e wilh Ihe ethleal rgquiremoDts that rel￿an1 to Ouf audit of the finandal slal•monts in the UK, induéin9 Iho FRC'8 Eihiul Stsndard. and hav• fullllled our other elhlrxl responsibililies in accorda￿ witr* Ihese requirements. We bell•ve thal Ihe audlt evldence we have oblainod Trs $uffirAent and appropriato to provide a bas18 for our oplnion. Con¢lu8lon8 r•laUng to golng con¢•rn In authllng the finan¢l81 gtalements. w• hav• condud•d Ihat Ihe trust￿9 use of the goiThJ conum bas18 ol ac¢ountlng In the preparatlon ol th• financial slatemenls Is appropnalo. 8as•d on tho work we have perfomied, we hav• nol Idenllfied any maledal uncertaintios relating to events of ¢ondlt6ons Ihal, Individually or colledlvety. may cast signlficant doubt on the charliablfj companys abilty lo continuts 0$ a golng concem for a period of at least Iwolve months from when tho ortglnal fflnanclal i18tem8nls wefe authodsed for1$8u•. Our responsibilFlie$ and the responslts"liiies of the INSte￿ wllh fvspeei to gdn9 conwn are d¢su￿¢é In the relavanl sectlons of thlg repo Pag8 9 Marchant41olllday School Llmlted Independent Auditorfs Report to the Members of Marchant-Holliday School Limiled Othor Inlorniatlon The trustees 8re responslble for the olher infomialton. The oth•r Infomiawon e(xnpriaas thè Infommllon InGlu(led In Ihe annual report, olher Ihan Ihe flnanclal stalem8nts and our audSlor's report th8roon. Our oplnlon on thè flnanc4al Statem￿t8 does nol cover Ihe other Inlormallon and, excepl to tho oxtenl otherwts• ¢xpllclUy ststed In our report we do nol express ary fomi of assurance concluslon thereon. ln ¢onn•¢tEon wSlh our of the fin8nci818tstamènts, our r•sponsibility is to read the other Infom￿tIon and. In dolng so, eonslder vthethor the other Infomialion is malerlally inconsisient with tho nanelal statements or our knO￿edge obtsined in the audit or 01heTh￿se appoarJ to bo materlally mlsGtaled. If we identify such mateTFal Inwnslstoncles or apparonl matarf81 mlsstatement8, we are requlred to delennine wthelhef there 18 8 materlal mlsstalement In Ihe financlal statements or mOlerf81 ml8staternent of the olher InfomiatK•n.11. based on Ihe %w)rk wa have performed. we ¢on¢lude that there Is a materfal m15Stalemenl of this olhor Infonmtion, w• ar• r•qulrtd lo report thal fa¢L We have nothlng to report Sn Ihls regarf. Oplnlon on other matter pre$crlb•d by th• Compan50# Act 2006 Irb our (ylnlon, ba8¢d on th• worf¢ undertaken In Ihe eourné ol the audlt the Infomiation given In the Trustees, Report for th8 finani¥al peflod for whlch tho finandal statements are pr8pared Is consistent vAth tho finandal 8tslemonts.' and the Truslees, Report has been prepared in accordance wlth applicable l•gal rnqulrements. Matters on whlch we ar• rgqulrnd to r•port by •X¢OPllon In the lighl of our kno*ledga and undor8tondlng of tha ¢harltable company and lis gnvlronment oblainod in tho course of Ihe audlL we have not Id8ntffied materlal mls$latam8nts In thfr Tw$lees' Report. We havè nothiro to report in respect of tho ¢ollovthg matters ¥%thert Ihe Companies Acl 2006 require8 us to report lo you ff, in our oplnlon: adequat• a(%ountln9 records hav8 not been kept. or f0￿mI adequalo lor our audlt havè not been recelved from branchgs not visited by us: or the Ilnancial ststemenls are not In agreem•nt wllh 8¢Munting records and feiurns: or c8rt8in dlsclosures of trustees. remunoralion spoclned by law aro not made: or we have not received all Ihe inforrnation ané explanalkjns we requ1￿ lor our audiL R•8pon8lbllltles of t￿Ste•S As explalned more lully in tho 80t oui on pog• 8, the truslee$ are responsible for the Pfeparntion of Ihe financ￿1 $18tements and lor belng salisfied that they give a tDJe and faSr vEew, 8nd for such Inlemal conlrol as the twslees dgtonnirn 1$ necessary to enable the Pfeparation of Ilnancial $talemonls that are freo from matfjdal mlsstal•ment. ¥*tsther due to fraud cr ornr. In prnparlng the finan￿1 statements, thg Irustees are responsiblo for assessing tho charltablè companls ability to confjnuo as a gotng concem, dtscloslng. as aP￿cabI8. rnattors fO18ted to golng concem and using the goin9 con¢em basis of aC￿unIlng un18ss the Iw$tees either Sntend to liquidate the char51able wrnpany or to cease operations. or havo no feallsifc altemallve but lo do so. Pao• 10 Marchant410lliday School Limited Independent Auditorfs Report to the Members of Marchant-Holliday School Llmited Audltor rosponslbllltles for the audlt ol thg flnanclal 8t*t•m•nt$ Our objectives are to obtsin reasonabl8 assurance ab￿t whether Ihe financial stalements as a whole are free fwom mat&rial missiatement, whelher due to fraud or wror, and to Isr•UO an audltorf8 report thal includ9$ our oplnlon. Reasonable assurance Is a high lovel of as8uran¢g. bul18 not a guarnnlea that an audll conducted In accordance with ISAS (UK) will alwa￿ detecl a matefial misstatement il exists. Misslatements can arlse from fraud or error and are ¢onsSdered maiertal if, indlvldually or in the aggregate, they could feasonably be oxp•ct•d to Iftfluen￿ the eeonomic decisions of us•rn taken on Ihe basis of these financlal slatements. lff9gu1w￿iU, Indudlng iraud. arè Inslgnces of r￿n-COMpliaD¢¥ wlth 1gw$ and r6gulallons. We deslgn procedures in line with our responslbilitles. Outlined above. to deted m8lerial misslatements in respect of irregularitie$. Includin9 fraud. The extent to our proceduies af• capable of delecllng Irrogularill•$. Indudlng frnud is dolalled below: As part ol L)ur audli plannln9 we obtalned an Unde￿tandIng ol the legal and rogulatory framework Ihal is appIl￿blo lo the entity and Ihe seclor in which It operates to identlfy the key laws and regulalons affec¢•no thè antlty. As part 01 thls assessmont process we dlscussed wilh management the law3 and re9ul8tions appli(xble to Iho Gompany. ievlow8d certlfie•lion Identlfied on the company website and othef communications and considered flndlngs from previou5 audits. The key laws and regulations we Identified were General Oata Protecllon Ragulalths {GDPR), Ofsled Inspection. Soleguardlng regulatlons arrfl EmployTnent We also ￿n>Idered Ihose law3 and fegulaljong that have 8 dir•cl Impacl on tho pr¢parallon ol lh¢ 15nanclal slalements, prfrnarlty Companles Act 2006. We distsJss6d with managamont how tho compllanc• thllh thes• l•w$ and wulatlon8 18 monitored and dlscyssfjd policigs and pl0￿durès In plaeo. We al80 Klenllfiod the t￿lIvIduall8 who liave responsibilty for ensuring ihai tho entlty complies ￿1h law8 and Mgulaiions •nd deal wlth fèportlng any Issu•&11 thoy 8dse. As part off our plannlng procedu￿. we assessed the risk of any non￿0m1 Rocoh¢lll•tl4n of l￿d• 6,283 3,183.058 3,546 1192,9261 (871 I1￿,9&2> 1131.5671 1,490 1120.077) Tow brought forwwd Tolal fvnd• ¢Dffl¢d 1¢A￿rd 8 3390S? 8 470 818 6,470,618 19 8 146.126 6 147.549 6,339 051 AM olth• ¢h•rft•bl• In¢4ffl• •nd •yndI￿rn d•dv• cy•r•tkn• durfno abov• p•WI. P•g• 13 MarChant￿OI10daY School Limited (Registration number: 00618973) Balance Sheet as al 31 August 2024 2024 2023 Flx•d 488•ta Tangible assets Investments 11 12 3,570,481 1,000,000 4.570 481 3,437.652 1,000.0130 4.437.652 Ctsrrenl as8ets Stocks Dèblors Cash at bank and In hand 13 14 15 207 85,964 1.979,120 2.065.291 928.516 2,072.473 3,01)0,989 Crgdltors: Amounts falllng due wlthln one yoaf N•1 curyont a4a•t8 1,423.921 162.402 1.577,068 1,902,889 N•1 •*8•ts 8.147 549 6 340 541 Funds of th• charltable company: Restrf¢ted Income funds Reslricted fvnds 1,423 1.490 Unr•strl¢ted Income lunds Unrestrlctad funds 6.148.128 8 339 051 Total lunds 19 6 147 549 Th flnaneJal stalements on p8g88 13 to 28 We￿ approved by the Iru$i¢o$. and aulhorisod for issuo on 3a.SMISand gtgn•d on th•lf t￿haff by. Ll Genef81 ( tdj AMD Palm•r C8 CBE TNst8e The notes on p•3es 16 to 28 fom an Integral port of these ffrt8n¢lal slalemerts. P•g• 14 Mar¢hant-Holliday School Limlted Statement of Cash Flows for the Period from 1 April 202310 31 August 2024 31 August 2024 31 March 2023 Not¢ Ca8h flows from operatlng acilvltl•s Nel 0X￿ndItsjrft Adjustments to Cash Ilows from nonr UK corporatlon tax purpos•i. Accordingly, ihe charllable company is polenlially exempt from I￿3¢10n in respect ol Incomè or capllal 9alns recelved ￿thIn Galegodes covergd by Chapter 3 Part 11 of th• Corp¢rallon Tax kt 2010 or Section 256 01 Iho Taxation of Chargoablg Gains Ac¢ 1992. to the extenl Ihat Such Inctyné ol gains #re Appllod excluslvety to tharitable purw)sas. Tan9lble flxed assets Tanglblo fixed a&8ets ar• Inltlally fee0￿•d •t cost. Iw any subsequent a¢eumulated de￿￿1￿￿On and subsequent accumulated Impalment losses. Assets a￿ capllalised where the cost exGeed8 £500. Depreclatlon D•preciation is provlded on tangibl4 fixed 8SSOt$. ex¢epi for larKI, so 8$ to Wf5te off the cost or valuailon. less arny èstlmaled resldual value, over thelr expected useful e￿noMIC Illo as follo¥￿. Assot G488S Fr•ohold property Fixtures and fittin95 Molor vehides Computer aqulpment Dgprn¢iation mothod and rnt• 15 - 50 years stralght Une 3- 7 years straijrhl Ilno 25% reducing balance 3 years stralght Ilne Pago 17 Marchant-Holllday School Llmited Notes to the Financial Statements for the Period from 1 April 2023 to 31 August 2024 Flxed a88et InvestmMts Fixed assgl irwestrnents ar• induded at market value at the balance S￿et dat•. R••llsed galns atid It)ssas on Invftstments are ¢8lculated a8 the diffef8nce between sal•s proceeds and Iheir marf(et vafue at the start ol Ihe year, cr thelr subsequent cost. and art chafged or credited to the Statement of Firtancial Actfvi1108 in tho p¢rfod Of dlspogal. Vnrealised gains and losses repl￿ent the movernent in market values during Ihe yoar and are credited or chargad to lh¢ Statement of Flnanclal Activikn'es based on lh• mark•t value al Ihe s*ar and. sto¢ Stock Is valu•d •1 the lowor of Cost Ond net r￿lISable value, belng estimated qolllng wlc• 18s8 COAt8 to sell. after du& regaftl for obgolete and slow movlng St￿ks. Fund stru¢luro Vnre¥trict6d In¢ts￿ lunds are 9gneral funds thfjt ar• •v8llable for us• al the tN8to09 dl8ry•llon In lurthefaneA of Ihe objeclives of the charitobh ¢omp8ny. Unfestrlcled de$lgnated funds are resources set asld• for specSfic pu￿08e$ at the discretlon of the tru$lo0s. Restrlcted fvnd$ onty be used for parflcular restricted purposes wlthln the obj.ects of the charity. Rastrlclons arlse when SF)ecified by tha dono¢ or vthen lunds are rdlsed for partl¢ular r•strl¢ted purposes. Penslono and ¢)th•r posi r•tlrernenl obllgatloD• The charlty operates a defined contrlbuuon penslon scheme. Cijntnt•uUons payabl• to th• charltys pension sch•m8 aro charged lo the Statement ol Pinancifil A¢tsvilies In the perfod to thoy relgte. Th• T•achern' Pension Schemo (TPS) 69 a d•fin•d benefit stherne and the asgets aro held separately from Ihose of tho Charity. Th• TPS 1$ 8 multremploy8r schom• and th8re Is insufflcient Inlomiotion avali able Io u80 d•fined bènefit acxounting. Th• TPS 58 therefore treated as a defingd Contrlbutlon scherno for accounts'ng pufposes and tho ¢ofilrfbut1o￿ reoo9nized in the period to whleh they relate. Further detsils aro provided In Noio 17. Flnanclal In8trum•nts Classmleadon Thè chartty holds tr* lollowlng finandal In3tnJmenls: • Short temi trade and olher debtorn and credltors: . Inveslments sn Income bonds; and . Cash 8nd bank balanf*s. Pagé 18 Marchant-Holliday School Limited Notes to the Financial Statements for the Period from 1 April 2023 to 31 August 2024 Re¢ognltlon and mea8ur•ment Finondal Inslfuw*nts are recognisod wh•n ¢hgrity b¢¢omes party lo Ihe contractual w)vi$ion$ of the instNment and defecognlsed when In the case of assets. Ihe conlradual dghl8 to cash Ilows from tho a&8ets explre or stsbstantsatty all Ihe risks and rawards of ovm•rshlp are tr8nsfeffed to anolher paty, Of in the case of Ilabilities, when the tharltys obllgatbns are dlscharged, oxpiro or ar• cancelled. Exc•pt for Investm•nts lft In￿ne bonds. such Instruments are Inltslly m•a8urod 41 trans•ctlon prfc•, irKJuding transaction costs, and are subseqtsenlly Carrled at tho undiscounted amount ol the eash or other consideTh*'on expecied to ba pard ¢x r¢colved. after13￿ng a￿aUnt of ImpalM￿TrI adjustme￿8. Inveslments In Income are me&ured initially at market value, whi¢* 18 nommlly Ihe transe¢llon Pft¢e. Subs8quent to initlal recognilion, investments ar• measuw•d al m•rkel value, %•lth rtonges reGognised in Iho Slat•monl of FSnanci81 A¢Uvlltes. Pap 19 Marchant-Holliday School Llmlted Noles to the Financial Statements for the Period from 1 April 2023 to 31 August 2024 3 Incon* from don*tlon• •nd l•gacle* Total Y•ar •nd8d 31 Ma￿h 2023 Tolal 31 Au9U81 2024 Reslrf¢ted fvnd• Don8tlon$ 85 60 85 60 4 In¢om• from charltsble actlvltles Unrnstrlcted fvnd• General RMtrl¢t•d fvnd• Total 2024 Sthool fees Pupil premlum 4.440.923 4,441,913 4,141 4.141 4 440 923 5.131 4,446,054 Unrestrictod fund$ G•n•r81 Total 2023 lunds School lee8 Pupil premium 3,005,5S1 1.490 3.007,041 3.005.551 3 010.527 S Inv•sthi•nt income Unf•Strlct•d lund• GO￿1a1 Total 2024 Iniere8t recelvabl• and $lmllar In¢ome: Inieresl receivable on bank deposts Olh•r Investment Incomg 71.301 48.913 71.301 120.214 120 214 Pago 20 Marchant~Holllday School Limited Notes to the Financial Statements for the Period from 1 April 202310 31 August 2024 Unrestricted funds G¢n¢ral Total 2023 InteRsl receivable and slmrtar In¢om•; Interest wAlvable on bank deposits Olher inveslmenl inL%>mo 12,674 13,089 25,763 12.674 13.089 25,763 6 Oth•r incorno Unr•slrlct•d funds General Total lunds Other Ir￿orne 837 837 Total lor porlod •nd•d 31 Augu$t 2024 Total for period onded 31 March 2023 837 837 175 175 7 Expendlturn on ch•rftabl• actlvftl•s A¢tlvlty undert&k8n dlreGty A¢Uvlty Support ¢osts 2024 2023 Costs of running sthool 4,530,943 229239 4.760,182 3,166.602 8 Net In¢offlolexpendlture Net expendilure for Ihe perlc#J Indud•s: 31 August 2024 31 March 2023 Depreualion of fixed agsets Audltors. remuneralton Auditors, remuneralion lor noTraudit services Accountancy services 222.317 12.000 1.9110 155.632 7.750 1.000 9 TNstfj•s r¢munoratlon and oxpgnsos No trttstees, nor any persons eonnected wfjlh them. havo r￿1Vod any r•munoralion from the charity during tho Lwrront or proVit)us year. See Note 21 for experkses relmburned lo trnstées durln9 tha current year. Page21 Marchant41olliday School Limited Notes to the Financial Statements for the Period from 1 April 2023 to 31 August 2024 10 Stall ￿$ts Tho aggregato payoll Costs y￿re as ffjlows.. 31 March 2023 2024 Wages and salarias ScK*I securfty Costs Per￿[On costs 3,057.222 282.568 382,233 1,895,956 182,287 232,876 2,311.119 3.722.023 The monthly average nurnber tsf porson8 (Inc4urJlng senior managgmont team) efflployed by the charitablg wmpany durfng th¢ p•rlod w•s as follows: 31 Augllst 2024 31 Mar¢h 2023 No 14 14 25 ToathlThJ staff Care slaff Teachlng asslJianl$ Oomestic staff Office slaff 15 15 26 70 The numbgr of empkny80s whose emoluments fdl wlthin th6 folowlrrfJ bands was., 2024 No 2023 £60.001- £70.000 £70,001- £80,000 £90,001- £100.000 £100,001- £110.000 £110,001- £120.000 Th8 totsl employ•• beneffts of the key rnanaggment p¢rsonneF of the charitabl8 company wore £655,02012023 - £444.559). Pag• 22 Marchant-Holliday School Limlted Notes to the Financial Slatements for the Period from 1 April 2023 to 31 August 2024 11 Tanglbla fix￿ a890ts Land and bulldings Flxlures and fitting8 Motoi v•hl¢l•s Computer •qulpmenl Total At 1 April 2023 Addition3 Dlsposal8 4,488.257 120.516 386,890 230,337 176.225 149.174 5,200.$46 4.372 355225 32.134 32,134 AI 31 Augusl 2024 617.227 144,091 153.$46 S.523.637 Depreclatlon Al 1 2023 Charge for the year Elimina10d on dl$poAals At 31 Augu81 2024 1,171,186 328,492 129.380 135,836 1.762.894 149.626 41,852 14,716 16.123 222.317 32,055 32.055 1.320.812 112.041 151,959 1,953.156 N•t book valu• At 31 August 2024 3 287 961 248,883 32.050 1.587 3.570.481 At 31 March 2023 3 317 071 13 338 3.437 652 12 Flx•d 488•t Inv•stm•nts 31 August 2024 31 h1arch 2023 Investrnent in Income bonds 13 Stock 2024 2023 SIoL*s 207 Page 23 Marchant-Holllday School Limited Notes to the Financial Statements for the Period from 1 April 2023 to 31 August 2024 14 D•btor• 31 Augu$1 2024 31 March 2023 Trade debtors Other debtor3 Prep8yments and ac¢nJed income 885.027 8,112 35,3TI 928.516 32.685 809 52,470 85,964 15 Cash and ¢ash •quivalent$ 2024 2023 Cash on hand Co8h at bank sos 2.071.968 259 1,978,861 2.072.473 1.979,120 16 Cr•dltorn: amount• falllno due wlthln on• y••r 2024 2023 Trade credltor6 Olhef tax8tlon and social security Olh•r credltors Ac¢wals Dèlarred Income 139.563 84,799 14.994 27.681 1156 884 49.526 75.301 1..935 35.640 1.423.921 17 Penslon Khtnl•• Doflned Gontrlbutlon genslon scheme The charltablo cornpony operales a dollned ￿￿trIbutIon pen$ron scheme. Tha pension cost charg• for Ihe period r•pre80nts contrfbutlons p3yablg by th¢ ¢harflable ¢s)mpany ￿ lh• xhome and amounled to £358.730 {2023 - £218.354). Page 24 Marchant.Holliday School Llmlted Notes to the Financial Statements for the Period from 1 April 2023 to 31 August 2024 Teach•Tr' Pensl•fft S¢h•me The Toath8r¥' P•n$lon S¢home (TPS> 1$ a Slatuiory, conlrfbutory, definod ￿nefit 8cherne. govemed by Iho Te8chern' Penslon Scheme Regulations 2014. These wulatlons apply ￿ teachers In schools, olleges arKI other educational o$tablishments. Membership is auiomatlG for teathm and lectyrer¥ al ellglble Institutlrm$. Teachers and leGlurers are ablo lo opt out of the TPS. rhe TPS is an unfunded 8rJwm• and members cofttslbute on a 'pay as you go. basis - thes• ontributions, along vAth those made by employerB, aro (x8diied to tho Exchequer under arrangements govemed by the above A¢L Ratlrem•ftt and oth•r p•n•lon b8nellts are pdd by pub funds wovlded by PartiamenL Und•r th• d¢flnStSons set out In FRS 102 128.11), the TPS is a mutti4rnployer pen$14)n plan. Th• ¢olhge18 unable to Idenllfy Its share of the underfying assets and Ilabllltl•s of Ihe plan. Accofdlngly. Ihe colle9è ha8 taken advanlage ol Ihe exempllon In FRS 102 and has accounted for Its contrfbulions to the scheme as rf It wer• • d•fmo&contdbuilon plan. The collegè has set oul abova Iho infonnation avallablo on Ihe plan and the Impllcatlons tor Ihe college in tarn)s of tho antscipated cOntr1￿110n rntes. The valuation of tho TPS is carried oul In lin¢ with f¢gulabons méd6 undor the Publlc Service Pension Acl 2013. Valualkns credlt the teachers, pension attounl a ieal rate ol retum assuming lunds •fe Invested In ￿tIonal inveslmen18 thal produco that r•al rate of r•tum. Th•181oSt aciuaflal revlew of the TPS was cerried eut as at 31 March 2016. The valualk)n roport wa6 publlshèd by the Departrnont lof Educatlon (tho Deparlmonl In Aprll 2019. Th• v4luallon weported iolal 8chomo Ilabllllios (pension6 curr•nUy In paym•t)t 8nd th• osllmated Cost of future benellts) lor aérvlce to th8 effec￿¥0 dale of E218 blllion. and nollonal assots (estimaled luturo contributlon8 togolher with Ihe nolional investments held at the valuation dale) of £198 biifion giving a notlonal pasl seNIce dofficll of £22 billion. As a fesull of Ihe valualion, now employer contribution rnles were sel al 23.68Yo of pensionable pay from S•pi•mb•r 2019 Oly￿ardS (compar•d to 16.48% durfng 201819. DE has 8gre•d to pay a teach8f penslon employer C￿n1￿bUt10n grant lo cover the addlllonal cosls durln9 the 2019-20 arAdemlc year. A full ￿pY of the valuatlon roport and suppoffjng dIX￿Ment*￿'Qn con bo found on the Teachers. Pension Scheme websrte, 18 Charftable Company status Tho charitable company is limited by guardntee, incory￿rated (n England and Wales, and consequently do¢$ nol have Share caphal. Each of tho m•mbors 1$ Ilablg to contrfbul• an amounl nol 8￿eedIng £1 tthyards the assets ol the chaiilable company in the event of IlquEdatlon. Page 2S Marchant41olliday School Limited Notes to the Financial Statements for the Period from 1 Aprll 2023 to 31 August 2024 19 Funds Balance at 1 April 2023 Incomlng r•sour¢¢s Ruourc¢$ 8alance at 31 oxpended August 2024 Unr•strfct•d fvnds General Genoral fund 6,339,051 4,561.974 14,754,899) 6.146,126 R•$trl¢ted funds School fund Pupll premium Totsl M$trf¢t•d lunds (1.143) 5.631 1.423 Total lunds 4.568,681 4 761 673 6 147 549 8alanGe at 1 Aprfl 2022 In¢omlno r•sourc•s Resources 8alanc• •t 31 •XPondgd M•f¢h 2023 Unr•slrfded fund• G•naral General fund 6.470.618 3,031,489 13.163.056) 6.339,051 R•3trlct•d School lund Pupil Pfèmlum Total rn•trlet•d fvnds (60) 13.486 4,976 1,490 3,546 1.490 Total funds 6.470 618 3.186.602 Pa99 26 Marchant-Holliday School Limited Notes to the Financial Statements for the Period from 1 April 2023 to 31 August 2024 The sp8cfftc purpose8 for whlGh lh• funds are lo bg applled are as folkms: Réstsi¢ted funds: School lund8 •re donallong mad8 speclflealty for the benefil ol tho boys, and th• lund$ are utllls¢d lo provido Items lor the benefrt of the boys. During the >ear, an amount was spent ￿ pur¢h88e chrlstrnag prlsonts foi 811 of the boys and to furMI a loken shop to reward the boys foT good bahavlour. Tho b aam lokens for good behavlour and can then Spend Iheffl on a Frtday at tho shop. Funds ar• typlcalty utllised on an ad-hoc basis over Iho perfod eath pupll is ènrolled In the School. Pupil premlum frjnds aré recANed to provldo addillonal supw for ottgiblo pupll8. Th• fund• •r• used to provide addilional leaming resour￿ and on•4trone edueation and emollortal support for disadvantagod ¢hildr•rt over the pertsl each felevant pupll is ènrolled at Ihe School. In some cases thls may not be posslble (nolabty wharn local authorfty Sy31gms delay paymont of the sums due) and the balance may rematn outstar￿4Th9 I￿aTr the pupil leaves. In sud) cir¢umslanco$, affan98rnants aw• made whenever possible lo transfer Ihe ￿ndS to the successor school In order Ihat th8 young Pofson conllnug8 to r•c•lv• bgn•lll from Iho 4110¢411on mado. Pa90 27 Marchant-Holllday School Limited Notes to the Financial Statements for the Period from 1 April 2023 to 31 August 2024 20 Analysis of awts bolweon lunds Unr•strlet•d funds General Totsl funds at 31 Wusl 2024 Reslrl¢ted funds Tanglble flxed assets Flxed assel Inveslments Cufr¢nt as8ets Cuffent IlabllltF8s 3.570.481 1.000.000 2.999.566 1,423,921 6,146 126 3.570,481 1.000,000 3.000,989 1.423,921 1,423 Total nel assets 1,423 6.147,549 Total funds at 31 M8rch 2023 Unr••trl¢t•d funds R••trld•d Tanglble flxed as￿1$ Fixed asset Invoslments Current asset8 Current f￿bIlItI 3,437,652 1,000,000 2.063,801 162 402 3,437.652 1.000.000 2,065,291 162.402 1.490 Total net ass•ts 6 339 051 21 R•lat•d ￿rtY tran•a¢tlon• Durfng the perbd, the ¢harity mode the followlng transadlons with Irustees,. £198 (2023 - £nll) of expenses woro r•lmbufsed durlng Ih? period. No trustees, nor any pernons connected wlth theffl, have recAlved any romunerntkn duftng the Pori¢)d. No Iw8toes rn¢¢lvod any other bon•fftB from the cttarlty durfn9 lh• porlod. Pagg 20