REGisfERED COMPANY NUMBER: 00898640 (England and Wales)
REGISTERED CHARITY NUMBER: 310871
REPORT OF THE TRusfEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
FOR
GOSFIELD SCHOOL LIMITED
(A COMPANY LIMITED BY GUARANTEE}
LB Group
The Octagon
Suite E2
Middleborough
Colchester
Essex
COI ITG

GOSFIELD SCHOOL LIMITED
CONTENT5 OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
Page
Report of the Trurtees
Report of the Independent Audltors
9 to 12
Statement of Flnanclal Activities
13
Balance Sheet
14
Cash Flow Statement
Notes to the Cash Flow Statement
16
Notes to the Financial Statements
17 to 32
Detalled Statement of Financial Artivlties
33 to 34

GOSFIELD SCHOOL LIMITED (REGISTERED NUMBER: 00898640)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their report with the audited financial statement5 of the Charity for the year ended 31 August
2024. The Trustees have adopted the provisions of the Ststement of Recommended Practice ISORPI Accounting and
Reporting by Charities" IFRS 1021 in preparing the annual report and financial statements of the Charity.
The directors of the Company forthe purposes of the Companie5 Art 2006 a￿ listed on page 7.
The governors would like to pay tribute to Peter Sakal who died during the year. Peter was a long-serving Governor
of the school and Chair of Governors for over 20 years. Peter was a generous benefactor to the school through his
business interests providing financial and non-financial support over many years. The link betsveen the Sakal family
and the school will continue through two of Peterfs children who have been elected as Governors and manage the
family's business interests,
OBJEcfivES AND AcfiviTIES
Objectlves and alms
Gosfield School is an independent school for boys and girls aged 2-18.
The Charity's aims and objectives seek to provide a rich and relevant learning environment in which young people can
excel and flourish both academically and socially, and an environment within which all our pupils feel valued and able
to achieve personal excellence in all aspects of life.
The performance of the Charlty is measured through its annually published attainment results for GCSE and A level
results. These are measured against our published targets for future attainment. In addition, Value Added scores are
monitored as a further measure of performance.
The Charity has a general aim to provide beneflt to the wider community. The Trustees have given due consideration
to the 8uidance of the Charity Commission, specifically the detailed guidance for fee-charging charities. Examples of
the Charity's work in this area are given in the Public Benefit section of this report.
Public benefit
The School aims to keep the fees a5 affordable as posslble. whilst maintaining 5tsndafds towards achievement of the
stated aims and objertives. The School operates a Bursary scheme to make a Gosfield School education acce55ible to
pupils who might otherwise be unable to afford the fees. During the year ended 31 August 2024, the School offered
Bursary support to the value of 4.5% 12023 4.5%) of gr055 fee income. demonstrating the commitment to the
furtherance of education for the widercommunity.
The School's extensive grounds and sports hall facilities are made available to local clubs and community projects
within existing planning constraints for a diverse number of events:
Local sports groups using the facilities on a regular basis include the Braintree Bowmen, Halstead Ladie5 FC,
Ha15tead Cricket Club, badminton, basketball. pickleball, fltness and running club5 and Coggeshall Cricket Club.
The School hosts Charityfun runs.
The School grounds are made available for local clubs and associations, for races and obstacle course event5.
An annual schools, cross-country competition attrarts runners from a number of local maintained schools.
including Gosfield Community Primary School. The school frequently offers transport to local schools to
facilitate their attendance at these events.
Pupils from local maintained schools are invited to participate in enrlchment activities including forest
School and sports camps, performing arts 'ma5ter classes, and workshops, again with the School offering
transport where required.
The school provides a transport Service at cost price for local schools to take them on school trips and events.
The school gives the local scout group access to its facilities for their weekly gatherings, at no cost.
Holiday clubs are open to local children as well as current pupils, benefitting local working families.
Page I

GOSFIELD SCHOOL LIMITED (REGISTERED NUMBER: 00898640)
REPORTOFTHE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
OBJECflVES AND ACTIVITIE5
Bursary pollcv
The School offers a range of discretionary bursary schemes to families of pupils.
Community bursaries of up to 100% are available throughout the School to applicants from the maintained sector who
would be considered an asset to the School and whose parents can demonstrate insufficient financial means to
educate their children independently.
Means-tested bursary applications are considered by the Finance Committee annually and a decision made as to the
level and length of time bursary support may be provided. In total, the School supported 3912023'.241 pupils of which
512023: 51 pupi15 received fee remission in excess of 75%.
Scholarship Policy
The School awarded Scholarship5 to 87 12023: 86} pupils. based on their educational or co-curricular merit and
potential, during the year.
Volunteers
Volunteers contribute to membership of the School'5 Governing Council.
Volunteers also assist with the constitution of the standing committees. notably finance. premises, health and safety
and strategic plannin& and lend assistance and advice in the preparation of management and statutory accounts,
forecasts. minutes and returns.
Parent volunteers, including the Gosfield PTA support and assist with School life and fundraise to the benefit of all
student5 at the School,
Page 2

GOSFIELD SCHOOL LIMITED (REGISTERED NUMBER: 00898640)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Achlevement and performance
Charitable artivities
Pupils have ex￿lled and flourished academically and socially in line with the Charity's aims. Average student number5
were 335 for the year12023: 3181.
Examination Results
As a non-academically selective school, we are pleased to help our pupils achieve their full potential. While GCSE and
A Level exams are now fully back to normal, the longer-term effects of the Covid educational interruptions continue to
be seen. However, students at Gosfield were, as always, supported by excellent members of staff going above and
beyond and performed credibly in their examinations.
Gosfield students in Year 11 IGCSEI achieved 22% of all grades at 9-712023.. 20%). and 81% of all grades at 9412023..
81%). 59% of English and Maths grades were at a Grade 4 or above in both English and Mathematics. Value Added,
key metric for us, increased from the previous year by 0.5 of a grade, a significant achievement.
For Gosfield students in Year 13 {A Level), of all grades awarded, 39% were A•_B12023: 20%), 70% A'_C12023- 39%)
and 100% were pass 8rades (2023.. 90%). All Year 13 leavers seeking to enter higher education achieved an offer of a
place at an institution of their choosing.
Enrlchment/Extra<urrlcular
The school provides a full range of after-school activities, trips and other opportunities. The school held a full Activitles
Week in the summer of 2024 with residential trip5 both within the UK and to France. The home programme in school
involved a high standard of on- and off-site activities including trips to London Bushcraft, Snow Centre, Harry Potter
World. Thorpe Park, Adventure Island in Southend, ten pin bowling and Go Ape. In school, students took part in
one-day film school. an on-site camp experience and the Prep School participated in "The Greatest Show" including
circus. drama. dance and circus skills. Throughout the year, there was the usual selection of day trips and other
experiences including Duke of Edinburgh's Awards expeditions. The total number of trips in 2023124 was 59, which
represents a year-on-year increase of 22% on the previous academic year.
The school operates an extensive activity programme. largely after school but also at lunchtime. Artivities are
provided for all interests and reviewed each year with input from students. The programme includes sports {e.g.
tennis, netball, football. rugby etc.). Duke of Edinburgh award, art. performing arts, languages, craft, board and card
games.
Assembly Inltiatlves
Topic5 cOVe￿d included Employablllty. Talents Showcase. Random Acts of Kindness, Safer internet, Empathy Week,
Science Week. Children's Mental Health Awarene55 Weel Healthy Mind5 - Healthy Body, resilience. world religion,
aspirations, green team, carer5 a55embly. Children's Society - drugs and alcohol, growth mind5et/ resilience, World
Day for Cultural Diversity, Black History month. International Woman's Day, Movember, the Oddballs Charity,
anti-bullyin& Essex Police- drink and drugs, and career diversity.
House artivities
A wide variety of activities took place in the year including diversity celebration, allsort5 LGBTQ Youth Charity, Comic
Relief fundraising event, mental health awarene55, Spelling beel grammar. and sport celebration events. The pupil
parliament is also a confident and active part of the School.
Sport
An increased programme of competitive and friendly matche5 Wlth other independent and maintained schools. for
both Prep and Senior pupils took Pla￿ across the year. These included regular fixtures in netball, hockey, rugby.
cricket and football. In cricket, our U155 won the Independent Schools Association (ISAI national competition for the
second time in a row and our U13s, U14s and U15s reached the finals of the Essex County Cup in their age divisions
again. It has been exciting to see the many year5 of hard work invested in our cricket academy reach such positive
fruition.
Page 3

GOSFIELD SCHOOL LIMITED (REGISTERED NUMBER: 00898640)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
The whole school show. 'High School Musical, was a highly successful produrtion which included children from across
the range of Prep and Senior. Two Sixth Form produrtions-'Adult ChildlDead Child. and 'The woman who cooked her
husbandl, the first for many years, were a feature of the performing arts programme. One of our sixth form actors
won the prestigious National Schools Theatre Awards for Best Actor in a Play for Adult Child/Dead Child. Two of our
Year 8 girls achieved a highly credible second place in the Key Stage 3 section of the Independent Schools Association
Musical Theatre competition.
Fundraising activities
The charities are chosen by the Pupil Parliament and through a wide variety of artivities we raised the following totals..
Children in Need: £1,082.89
Save the Children: £123.70
RNLI/RSPCA/Reach'. £163 (split between the three charities)
Red Nose Day: £649.19
Young Minds: £685.94
Braintree Food Bank: £400 in food
Flnanclal review
FSnanclal posltlon
The School's financial performance in the current year is In line with expectations. The School reported a net surplus
of £163,62312023- surplus of £180,656).
Principal fundln8 sources
The principal funding source for the Charity Is through school fees, which are used entirely to support the aims and
objertives of the Charity.
Income from school fees InC￿aSed to £4.852,024 in 2024 from £4.252,446 in 2023.
Investment pollcy and objertlves
Except for rental income from lettings. the School does not currently have an investment poliry as all of the Charity'5
funds are used directly to achieve its aims and objertives.
Reserves pollcy
The directors keep the secured bank overdraft facility under review to ensure that it remains adequate to cover the
School's working capital requirements.
The School's total reserves at the year end amounted to £15,958,069 12023: £15,794,446), which includes a
revaluation reserve of £15,696,64112023: £15,696,641).
The directors aim to ensure that the balance on the reserves 15 always in excess of one term's expenditure.
Golng concern
The Governors and Trustees have examined the School's future financial performance through forec35ting and
scenario planning. Key assumptions in the forecast modelling include pupil numbers, staffing levels, inflation and
property maintenance requirements. For these reasons, and the continued support of GFM Holdings Ltd, the Trustees
believe there are sufficient funds available within the School to continue to operate as a going concern and the
financial statement5 have been prepared on this basi5.
No material uncertainties exist.
Pa8e 4

GOSFIELD SCHOOL UMITED {REGISTERED NUMBER: 00898640)
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Principal risk5 and uncertalntie5
The Board of Governors is responsible for the management of risks faced by the School. Each year the Senior
Leadership Team and the Board identify and a55ess rlsks and implement controls to mitigate against these. In
addition, each year a formal review of the risk management process is undertaken.
The key controls implemented by the School are as follows:
Formal agendas for all Board and Committee activities
Strategic planning, budgeting and management accounting
Established organisational structure and understood line of reporting
Formal written policies
Clear, authoritative and agreed approval levels; and
Appropriate training for Governors and staff
The Governors keep under review a risk management strategy relating to:
Financial risks to the Charity, including the risk resulting from Increasing pupil numbers
Future economic and political risks
Risks associated with the daily health and safety of the staff, pupils and visitors
Risks associated with any off-site artivities undertaken by staff and pupils
The necessary level of income and reserves required to support and maintain the viability of the School,. and
The burden of meeting conformity and regulatory issues.
Flnan¢lal and risk management objertlves and pollcles
For the year ended Au8USt 2024, the key financial risks identlfied were the cost-of-living crisis, the increase in
contribution rate for the Teachers, Pension Scheme, financial pressure on the demographic of parents that make up
our current market, competition from competitor schools and retainin8 hlgh levels of service and parent satisfaction.
Through the established systems for managing risk, the Governors are satisfied that all foreseeable, major risks have
been identified and managed appropriately where possible. It is, of course. recognised by the Governors that systems
can provide reasonable but not absolute assurance that major risks have been adequately managed.
STRucfuRE. GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document. a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.
Gosfield School Limited is a company limited by guarantee (registered number 8986401 and a registered Charity
(Charity number 3108711 governed by its memorandum and Articles of Association (revised and adopted on I
February 2006).
Charity constitutlon
The School's five Trustees (First Governors) are recruited annually from Members of the school's Governing Council.
Recruitment and appointment of new Trustees
Membership of the Governing Council of Gosfield School is governed by the School's Memorandum and Articles of
Association. In order to maintain a balanced Governing Council, no more than 50% of the membership may be drawn
from parents of current pupils of the School. The membership term 15 four year5 or tenure in the case of employees,
and four year5 for elerted representatives of the parent body and teaching staff. Members may re-apply at the end of
their tenure. From time to time the Governing Council may invite guest5 to join its meeting Sn advlsory but non-voting
capacity. Meetings are held once perterm.
Page 5

GOSFIELD SCHOOL LIMITED (REGISTERED NUMBER: 00898640)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRucfuRE, GOVERNANCE AND MANAGEMENT
Or8anisational strurture
The senior staff member to whom day to day management of the Charity is delegated by the Trustees and Governing
Council is Mr R Jackson. the Principal of the School. The day to day runnlng of the School is undertaken by employed
staff on the Senior Leadership Team, comprising the Principal, Head of Prep, Deputy Head of Prep. Head of EYFS, Vice
Principal, Assistant Principal SENCO. Assistant Principal Pastoral Care/DSL. the Assistant Principal Academic. the Head
of Finance and the Head of Operations.
Decision maklng
The Board of Governors administers the Charity. It meets at least three times a year as a full Board and there are
sub-committees for Education, Finance, Health & Safety and Strategy, all of which meet formally at least once each
term with additional meetings as required. Other working Eroups of Governors and senior staff convene when
necessary to evaluate, oversee, andlor rnonitor specific projects or issues.
The Principal is responsible for all educational matters and for the day-to-day management of the School. He heads
the School's Senior Leadership Team and reports to the Board at each meeting. The Principal and Chair meet regularly.
The School Development Plan is the working tool used by all parties and is regularly reviewed by the Governors.
During the year, the Board and Senior Leadership Team progressed with the objectives set out in the School
Development Plan.
The Head of Operations and Finance is responsible for the management of non-teaching staff and for compliance and
regulatory matters affecting the School. They report directly to the Principal and to the Board at each Governors
meeting.
The Governors are mindful of their regulatory responsibilities.
Indurtion and tralnlng of newTrustees
Members of the Governing Council who are eligible to become Trustees, by virtue of being First Governors are
expected to undertake a Governor's induction Training Course which includes the obligations of Trustees.
REFERENCE AND ADMlhllSTRATIVE DETAILS
Registered Company number
00898640 (England and Wales)
Reglstered Charity number
310871
Reglstered office
Cut Hedge Park
Halstead Road
G05field
Halstead
Essex
C09 IPF
Page 6

GOSFIELD SCHOOL LIMrrED (REGISTERED NUMBER: 00898640)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST2024
Trustees
Mr Peter Andrew Sakal (deceased 3ty5120241
Mr Maxwell Ford
Mr Jonathan Corrall
Mr Roderick Jack50n
Mrs Deborah Came (resigned 514120241
Mrs Emma Larcombe
Mr Rex Smith
Mrs Felicia Springett (appointed 71512024. resigned 6 April 20251
Mr Philip Davie5 {appointed 7110120241
Mrs Katherine Makaroff (appointed 7110120241
Mr Daniel Sakal lappointed 711012024)
Mr Jeremy Graves (appointed 711012024)
Mr David Foster (appointed 7110120241
Mr Rick Cranfield lappointed 7110120241
Mrs Deia Sakal (appointed 7110120241
Mr Christopher Brown (appointed 7110/20241
Dlrectors
Mr Peter Andrew Sakal (resigned 3115/20241
Mr Roderick Jackson
Mr5 Deborah Came {resigned 514/20241
Mr Christopher Brown
Mrs Katherine Makaroff {appointed 711012024}
Auditors
LB Group
The Octagon
Suite E2
Middleborough
Colche5ter
Essex
COI ITG
Sollcitors
Ellisons
Headgate Court
Headgate
Colchester
COI INP
Bankers
Natwest Bank PLC
47 Hi8h Street
Braintree
Essex
CM7 IJT
Page 7

GOSFIELD SCHOOL LIMITED (REG15fERED NUMBER: 00898640)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT OF TRUSTEES, RESPONSIBILrriE5
The Trusteeslsome of who are a150 the directors of G05field School Limited for the purposes of company law) are
responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financSal year which give a true and fair
view of the state of affairs of the charitsble company and of the incoming resources and application of resources,
including the income and expenditure, of the charitable company for that period. In preparing those financial
statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently:
obseNe the methods and principles in the Charity SORP;
make judgements and estimate5 that are reasonable and prudent,.
state whether applicable accounting standards have been followed. subjert to any material departures disclosed
and explained in the financial statements;
prepare the financial statements on the going concern basis unless It is inappropriate to presume that the
charitable company will continue In busine5S.
The Trustees are responslble for keeping proper accounting records which disclose with reasonable accuracy at any
time the financial position of the charitsble company and to enable them to ensure that the flnancial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company
and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities.
In so far a5 the Trustees are aware:
there is no relevant audit information of which the charitable company's auditors are unaware: and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
infomiation and to establish that the auditors are aware of that information.
AUDITORS
The auditors, LB Group. wlll be proposed for re-appointment atthe forthcoming Annual General Meeting.
Report of the trustees. incorporating a strategic report, approved by order of the board of trustees. as the company
dirertors. on ..
and signed on the board'5 behalf by,.
Mrs Katherine Makaroff - Trustee
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
GOSFIELD SCHOOL LIMITED (REGISTERED NUMBER: 008986401
Oplnlon
We have audited the financial statements of G05field School Limited (the 'charitable company'l for the year ended
31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and
notes to the financlal statements. including a summary of significant accounting policies. The financial reportin8
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinlon
We conducted our audit in accordance with International Standards on Auditin8 IUKI IISAS IUKI} and applicable law.
Our responsibilities under those standards are further described In the Auditors, responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled 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 for our opinion.
Concluslons relatlng to goin8 concern
In auditing the financial statements, we have concluded that the trustees, use of the going con￿rn basts of accounting
In the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or
conditions that. individually or collectively, may cast significant doubt on the charitable company's ability to continue
as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to 80in8 concern are described in the relevant
sections of this report.
Other informatlon
The trustee5 are responsible for the other information. The other information comprises the information included in
the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and. except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other information and, in
doing so, consider whether the other information 15 materially inconsistent with the financial 5tatement5 or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
incon515tencie5 or apparent material misstatements, we are required to determine whether this give5 rise to a
material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information. we are required to report that fact. We have nothing
to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the Course of the audit-
the information given in the Report of the Trustees for the financial year for which the financial statements are
prepared is consistent with the financial statements: and
the Report of the Trustee5 has been p￿pared in accordance with applicable legal requlrements.
Page 9

REPORT OFTHE INDEPENDENT AUDITORS TO THE MEMBERS OF
GOSFIELD SCHOOL UMITED (REGISTERED NUMBER: 00898640)
Matters on which we are required to report by exception
In the light of the knowledge and understsnding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements In the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Art 2006 requires us to report to
vou if, in our opinion:
adequate accounting records have not been kept or return5 adequate ft)r our audit have not been received from
branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responslbilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial statements
and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basss of accounting unless the trustees either intend to liquidate the charltable company or to cease operations, or
have no realistic alternative but to do so.
Page 10

REPORT OFTHE INDEPENDENT AUDITORS TO THE MEMBERS OF
GOSFIELD SCHOOL LIMITED (REGISTERED NUMBER: 008986401
Our responsibilities for the audft of the financial statements
Our objectives are to obtsin reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes
our opinion. Reasonable assurance Is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS {UKI will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or In the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
The extent to whSch our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to Identlfylng and a55essing the rlsks of material mlsstatement In respect of Irregularlties, includlng
fraud and non-compliance wlth laws and regulatlons, was as follows:
The engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skllls to identify or recognise non-compliance with applicable laws and regulations:
We identified the laws and regulations applicable to the company through discussions with trustees and
other management, and from our commercial knowled8e and experience of the education sector.
We focused on specific laws and regulations which we considered may have a dirert material effect on the
financial statements or the operations of the company, including the Companies Act 2006. taxation legislation,
data protection, anti-bribery, employment, environmental and health and safety legislation.
We assessed the extent of compliance with the laws and regulations identified above through making enquiries
of management and inspecting legal correspondence; and
Identified laws and regulations were communlcated within the audit team regularly and the team remained
alert to instsnces of non-compliance throughout the audit.
We assessed the susceptlbility of the company's fjnanelal statements to materlal mlsstatement, includlng obtainlng
an understanding of how fraud might occur. bv:
Making enquiries of management as to where they considered the￿ was susceptibility to fraud. their knowledge
of attual. suspected and alleged fraud: and
Considering the internal controls in place to mltigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management blas and overrlde of tontrols. we:
Performed analytical procedures to identify any unusual or unexpected relationships;
Tested journal entries to identify unusual transactions:
Reviewed the internal controls in place. specifically around payroll and bank transactions,. and
Assessed whether judgements and assumptions made in determining the accounting estimates around
depreciation were indicative of potential bias.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations
are from financial transactions, the less likely it 15 that we would become aware of non-compliance. Auditing
standards also limit the audit procedures required to identify non-compliance with laws and regulation5 to enquiry of
the trustees and other management and the inspection of regulatory and legal correspondence. if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our re5pon5ibilities for the audit of the financial statements Is located on the Financial
Reporting Council'5 website at www.frc.org.uVauditorsresponsibillties. This description forms part of our Report of
the Independent Auditors.
Page 11

REPORT OFTHE INDEPENDENT AUDITORSTO THE MEMBERS OF
GOSFIELD SCHOOL UMITEO {REGISTERED NUMBER: 00898640)
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 auditors, 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.
Oliver Jame5 White {Senior Statutory Auditor)
for and on behalf of LB Group
The Octagon
Suite E2
Middleborough
Colchester
Essex
COI ITG
Date: .
Page 12

GOSFIELD SCHOOL UMITED
STATEMENT OF FINANCIAL ACTivmES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restrirted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
106.353
292,489
398,842
315,668
Charitable artivities
School Fees
Other ancilliary trading income
4,852,024
444,140
4,852,024
444,140
4,252,446
395,054
Investment income
35,199
35,199
16,034
Total
5,437.716
292,489
5,730,205
4,979,202
EXPENDITURE ON
Raising funds
86.023
86,023
76,554
Charltable artlvitles
School Fees
Teaching costs
Welfare costs
Premises
Management and admlnlstration
15,000
2.954,141
421,005
496.439
835,407
3.386,023
450.313
421,621
1,096.964
3.386,023
450,313
512,169
1,132,054
90.548
35,090
Total
5,440,944
125.638
5,566,582
4,798.546
NEf INCOME/(EXPENDITURE)
Other recognised galn$l(losses)
Gains on revaluation of fixed assets
13,228}
166.851
163,623
180,656
14,567,495
Net movement In funds
13.2281
166,851
163.623
14,748,151
RECONCILIATION OF FUND5
Total funds brought forward
15,270,074
524.372
15,794,446
1,046,295
TOTAL FUNDS CARRIED FORWARD
15,266,846
691.223
15,958,069
15,794,446
The notes form part of these financial statements
Page 13

GOSFIELD SCHOOL LIMITED (REGisfERED NUMBER.. OD898640)
BALANCE SHEET
31 AUGUST 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
fund
Notes
FIXED ASSETS
Tangible assets
12
19,942,492
524,372
20.466.864
20,401,227
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
13
14
63,155
810,016
1,730,650
63,155
976.867
1,730,650
60,161
958,199
4.436
166,851
2,603,821
166,851
2,770.672
1,022,796
CREDITOR5
Amounts falling due within one year
15
16,329,280}
(6,329,280) 14.866.312)
NEf CURRENT ASSErs
(3,725,459)
166,851
13,558,608) 13,843,516)
TOTAL ASSETS LESS CURRENT UABILITIES
16,217,033
691,223
16.908.256
16,557,711
CREDITORS
Amounts falling due after more than one year
16
1950,1871
1950,1871
1763,2651
NEf ASSETS
15,266,846
691,223
15,958,069
15,794,446
FUNDS
Unrestrirted funds:
General fund
Revaluation reserve
19
1429,7951
15.696,641
1426,5671
15.696.641
15,266,846
15,270,074
Restricted funds:
School developmentfund
691.223
524,372
TOTAL FUNDS
15.958.069
15.794.446
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by..
Mrs Katherine Makaroff -Trustee
The notes form part of these financial statements
Page 14

GOSFIELD SCHOOL LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flows from operatlng artlvitles
Cash generated from operations
Interest paid
2.288,039
{86,0231
216.371
176,5541
Net cash provided by operating activities
2,202,016
139,817
Cash flows from investlng actlvitle$
Purchase of tangible fixed assets
Interest received
1157,8161
10.743
1673.5681
Net cash used in investing activities
1147,0731
1673,5681
Cash flows from finan¢in8 artlvttles
Loan repayments
Finance lease capital repayrnents
New finance lease agreements
Movement in amounts to GFM Holdings Ltd
1132,3551
118.0671
1134,0591
(17.405)
31,371
322,595
50,8691
Net cash {u5ed inl/provided by financing artivSties
1201.2911
202.502
Change In cash and cash equivalents In the
reportin8 period
Cash and cash equivalents at the beginnln8
of the reporting perlod
1,853,652
1331,2491
1123,0021
208,247
Cash and cash equlvalents at the end of
the reporting period
1,730.650
1123,002)
The notes form part of these financial statements
Page 15

GOSFIELD SCHOOL LIMITED
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcllvtriES
2024
2023
Net income for the reportlng perlod (as per the Statement of Financial
Artivltles}
Adjustments for:
Depreciation charges
Interest received
Interest paid
Increase in stocks
Increase in debtor5
Increase in creditors
163,623
180,656
92,180
110,743)
86,023
(2.9941
118,668)
1,978.618
90,463
76.554
14,7561
1283,8241
157,278
Net cash provlded by operatlons
2,288,039
216.371
ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash in hand
Notice deposit5 (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
1,030.650
700,000
4.436
1127.4381
Total cash and cash equivalents
1,730,650
1123,0021
ANALYSIS OF CHANGE5 IN NET {DEBniFUNDS
At 119123
Cash flow
At 3118/24
Net cash
Cash at bank and in hand
Bank overdraft
4,436
127,4381
1,726,214
127.438
1,730,650
1123,0021
1.853,652
1,730,650
Debt
Finance leases
Debts falling due within l year
Debts falling due after l year
144,0251
1192.3831
1737,3061
18.067
1540.584}
672,939
125.958}
1732,967)
{64,3671
1973,7141
150,422
1823.292)
Total
11.096.716)
2,004,074
907.358
The notes form part of these financial statements
Page 16

GOSFIELD SCHOOL UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POUCIES
Basis of preparing the financial staternents
The financial statements of the individual charitable company, which is a public benefit entity under FRS 102
incorporated in England, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and
Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021
{effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in
the UK and Republic of Ireland, and the Companies Act 2006.
The flnancial statements have been prepared under the historical cost convention, modified for the
valuation of the charitable company's freehold land and building5.
The charitable company has revised its format of financial activities to include headings which are relevant to
its activities thus enabling it to show a true and fair view.
The accounts have been prepared in Sterling which is the functional currency of the Charity.
Going Concern
The Charity meets its day to day working capital requirements through an overdraft facility and the continuing
support of individual Trustees. The pupil numbers have recovered well in the post covid-19 period and
notwithstanding the current inflationary pressure on costs, the Governors consider the Charity has adequate
resource5 to continue in operation for at least 12 months from the date of approval of the financial statements
and it is appropriate to prepare the financial statements on the going concern basis. The financial statements
do not include any adjustments that would ￿su1t from a withdrawal of the overdraft facility by the Charity's
bankers and support of individual Trustees.
Accounting Judgements and key sources of estlmatlon uncertalnty
In the application of the accounting policies. the Governors are required to make judgements. estimates and
assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources.
The estimates and underlying a55umptions are based on hlstorical experience and other fartors that are
considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recogni5ed in the period in which the estimate is revised if the revision afferts only that period,
or in the period of the revision and future periods if the revision affects current and future periods.
Crltlcal Judgements
The e5timate5 and assumptions whlch have a Significant risk of causlng a material adjustment to the carrying
value of assets and liabilities are outlined below:
Useful economic lives of tangible fixed assets
The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated usefvl
economic lives and residual values of the a55ets. Useful economic lives and residual value5 are reviewed
annually and reassessed where necessary to better reflert the actual usage of the assets involved.
- Recoverablllty of fee debtors
The Governors consider whether fee debts are recoverable. Where there is an indlcation that recovery 15
unlikely. the amounts involved are recognised as a provision for bad debts. This assessment requires an
estimation of future likely receipts in order to calculate the appropriate arnount of any provision,
The Governors do not consider there to be any significant sources of estimation Un￿rtaInty giving significant
risk of causing a material adjustment to these financial statements.
Page 17
continued...

GOSFIELD SCHOOL UMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES- continued
Income
Income from charitable activities
School fee5 consist of charges for the academic year and are accounted for on an accruals basis.
Fees receivable and charges for services and use of premises are accounted for in the period in which the
service is provided. Fees receivable are stated after deducting allowances. scholarships and other remissions
granted by the school from its unrestricted funds.
Sundry Sncome consists of income arising from school activities, exam5, fee protection and other ancillary
income. This is accounted for in the period in which it arises and relates.
Donations and legacles
For donations to be recognised the Charity will have been notified of the amounts and the settlement date in
writing. If there are conditions attached to the donation and this reqLtires a level of performance before
entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of
those conditions is within the control of the Charity and it is probable that they will be fulfilled.
Expenditure
All expenditure is accounted for on an accruals basls and has been classified under the headings that aggregate
all costs related to that category.
Raislng funds
Donations received for the general purposes of the Charity are included as unrestricted funds. Donations for
activities restricted by the wishes of the donor are taken to 'restricted funds" where these wishes are legally
binding on the Governors.
Governanee costs
Governance costs are the costs associated with the governance arrangements of the Charlty which relate to
the general running of the Charity as opposed to those costs associated with fundraisin8 or charitable activity.
This includes costs associated with the strategic as opposed to day-to-day management of the Charity's
artivities, external audit. and any legal advice for the Governors and all the costs of complying with
constitutional and statutory requirements.
Allocatlon and apportionment of costs
Expenditure has been classified under funrtional headings that aggregate all cost ￿lated to the category.
Where costs cannot be dirertly attributed to particular headings they have been allocated to activities on a
basis conslstent with the use of resources. The irrecoverable element of VAT is included with the item of
expense to which is relates. Where costs cannot be directly apportioned to particular headings they have been
allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Tangible fixed asset5 are stated in the balance sheet at cost less depreciation which is provided at the followin8
annual rates in order to write off the cost le55 estimated ￿SidUal value of each asset over its estimated useful
life.
Freehold land and buildings
Fixtures and fittings
Motor vehicles
Not depreciated
20% per annum
20% per annum
Freehold land and buildings have been revalued to represent their fair value u5in8 the RICS Depreciated
Replacement Cost method of valuation.
Page 18
continued.

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIE5- continued
Tanglble fixed assets
The Governors consider that the depreclation charge and accumulated depreciation on freehold property is
immaterial due to the extended useful economic life of these assets. Following the revaluation of the freehold
land and buildings as at 31 August 2023. the Governors will review the depreciation policy for these a55ets in
next year's accounts with effect from I September 2023. These a55ets are subjert to an annual impairment
review by the school Governors.
Stoeks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.
Stocks are valued on a first in first out basls.
Taxatlon
The Charity is an exempt Charity within the meaning of schedule 3 of the Charities Art 2011 and is considered
to pass the test set out in paragraph I Schedule 6 Finance Att 2010 and therefore it meets the definition of
charitable company for UK corporation tax purposes.
Fund accountln8
Unrestricted funds can be used in accordance with the charitable objectives at the dlscretion of the tU5tee5.
Restrirted funds can only be used for particular restricted purposes within the objerts of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial ststements
Donations received for the general purposes of the Charity are included a5 unrestrirted funds. Donations for
activitie5 restricted by the wishes of the donor are taken to 'restricted funds" where these wishes are legally
binding on the Governors.
Development costs
Development costs incurred for the purpose of expansion of the school premises are recorded as additions
under assets in the course of construction. Upon completion, these costs are transferred to freehold property
and included within the valuation of the school as a whole.
The reasons for capitalising and the period over which these assets are written off, is in lie with the Tangible
fixed asset5 policy.
Government grants
Government grants have been received to help aid the business. These are free of obligation, however must be
used to support charitable activity.
Lease assets
Where asset5 are financed by leasing agreements that 8ive rights approximatin8 to ownership ('finance
leases'l, the assets are treated as if they had been purchased outright. The amount capitalised is the present
value of the minimum lease payments payable during the lease term. The corresponding leasing commitments
are shown as amounts payable to the lessor. Oepreclation on the relevant asset5 Is charged to the statement
of financial activities.
Lease payments are analysed between capital and interest components so that the interest element of the
payment is charged to the statement of financial activities over the period of the lease and represents a
constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts
payable to the lessor.
Page 19
continued.

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POUCIE5- continued
Lease assets
All other leases are treated as an operatlng lease. Their annual rentals are charged to the income and
expenditure account on a straight line basis over the term of the lease.
Penslon costs and other post4etlrement benefits
The Charity contributes to the Teachers, Pension Scheme for its teaching staff which is a defined benefits
pension scheme with rates set by the Scheme Actuary and advised to the Board by the Scheme Administrator.
Contributions are Charged in the period in which the salaries to which they relate are payable. The scheme is
a multi-employer pension scheme and it is not P055ible to identify the assets and liabilities of the scheme on a
constant basis and therefore, as reqUI￿d by FR5102, the Charity accounts for the 5d)eme as if it were
defined contribution scheme.
The charitable company also operates two defined contribution penslon schemes. Contributions for
non-teaching staff and for teachers who have opted out of the charitable company's defined contribution
pension schemes are charged to the Statement of Financial Activitie5 in the period to which they relate.
Donatlons In kind
Where non monetary donations a￿ received these are recorded in the accounts at the best estimate of fair
value of the goods or service donated. The donations are shown under Incomlng resources from generated
funds on the Ststement of Financial Artivate5. The costs related to such donations are dealt with within
resources expended.
Flnan¢lal instruments
Financial assets and financial liabllities are recognised when the Charlty becomes a party to the contrartual
provisions of the instrument.
The Charity only have financial assets and liabilitie5 of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at a transartion value and subsequently measured at their
settlement value.
Trade Debtors
Debtors include amounts owed to the Charity for the provision of goods and sev4ices or amounts the Charity
has paid in advance for the goods and services it will receive.
Trade Credltors
Creditors are the amounts owing by the Charity to creditors whlch a￿ due to be paid withln their respective
time frames from the balance sheet date.
Cash at bank and Sn hand
Cash at bank and In hand is held to meet short-term cash commitment5 as they fall due rather than for
investment.
Page 20
continued...

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGU5T2024
DONATIONS AND LEGACIES
2024
Total
funds
2023
Total
fund5
Unrestricted
funds
Restritted
funds
Donations
Donated services and facilities
45,739
60.614
292,489
338,228
60.614
254.505
61,163
106,353
292,489
398,842
315.668
INVESTMENT INCOME
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Rents received
Deposit account interest
Interest receivable - trading
24,456
4,159
6,584
24,456
4.159
6,584
16,034
35.199
35.199
16.034
INCOME FROM CHARITABLE AcfiviTIES
2024
2023
Activity
School Fees
School Fees
Other ancilliary trading income
Other ancilliary trading income
Other ancilliary trading income
Gross fees
Total bursaries and allowances
Minibus income
Income from school shops
Sundry income
5,870,915
11,018,891)
284.658
40,021
119.461
5.206,548
1954,1021
275,412
43,840
75,802
5,296,164
4,647.500
RAISING FUNDS
Investment management costs
2024
Total
funds
2023
Total
funds
Unrestricted
fund5
Restricted
funds
Interest payable and similar charges
86,023
86.023
76,554
Page 21
continued..

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST2024
CHARITABLE A￿1VITIEs COSTS
Support
costs (see
note 7)
Direct
Costs
Totals
Teaching costs
Welfare c05tS
Premises
Management and administration
3,386,023
450.313
512,169
1,121.554
3,386,023
450,313
512,169
1,132,054
10,500
5,470,059
10,500
5.480,559
SUPPORT COSTS
2024
2023
Governance
costs
Governance
costs
Management and administration
12.380
8,507
NET INCOME/(EXPENDITURE)
Net income/{expenditurel is stated after chargingl{creditin8):
2024
2023
Auditor5, remuneration
Depreciation- owned assets
Other operating leases
10.500
92,179
768
8.507
90,463
836
TRusfEES' REMUNERATION AND BENEFITS
The Principal, who is also a trustee, received remuneratlon totalling £174,43012023: £99,750) and employer
pension contributions of £27,369 12023: £23,621). The Principal's remuneration in the year included bonu5
payments for 2022 and 202312023: £NILI.
The Head of Operation5 and Finance. who was also a trustee during a part of the year, received remuneration
totalling £55.614 {2023= £63,000) and employer pension contributions of £1,66812023: £1,890).
The Finance Manager, who was also a trustee durin8 part of the year. received remuneration totalling £19,813
12023: £NIL) and employer pension contributions of £5361£2023 '.£NILI.
No other trustees received any remuneration from the Charity during the year12023: £NILI.
The Charity's governing document expressly permits remuneration to any trustee in return for services
rendered to the Company.
Page 22
continued...

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 AUGUST 2024
TRUSTEES, REMUNERATION AND BENEFrrs- contlnued
Trustees. expenses
Trustees expenses totalling £45012023: £4201 were paid regarding mileage claims by 3 single trustee during
the year.
io.
STAFF COSTS
2024
2023
Wages and Salaries
Social security costs
Other pension costs
3,092,308
297.834
488,533
2,790,810
265,429
399,621
3,878.675
3,455,860
The average monthly number of employees during the year was as follows..
20Z4
47
12
17
2023
46
12
17
Teachers
Administration
Learning support
Catering
Domestic and Laundry
Maintenance and groundsmen
Drivers
Nursery assistants
102
loo
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000
was:
2024
2023
£60,001- £70,000
£70,001- £80,000
£80.001- £90,000
E90,001- £100.000
£170,001- £180,000
Total remuneration paid to key management personnel amounts to £577,61712023.. £508,814).
Page 23
continued...

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
ii.
COMPARATIVE5 FOR THE STATEMENT OF FINANCIAL AcfiviTIES
Unrestricted
funds
Restritted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
61,165
254,503
315,668
Charitable activities
School Fees
Other ancilliary trading income
4,252,446
395.054
4.252,446
395,054
Investment income
16,034
16,034
Total
4,724.699
254,503
4,979,202
EXPENDITURE ON
Raising funds
76,554
76,554
Charitable èrtlvltles
School Fees
Teaching costs
Welfare costs
Premises
Management and administration
15.000
2.954,141
421.005
446,500
802.439
15,000
2,954,141
421,005
496.439
835,407
49,939
32.968
Total
4,715,639
82.907
4,798.546
NET INCOME
Other recognised gainsl(lossesl
Gains on revaluation of fixed assets
9,060
171,596
180.656
14,567,495
14,567.495
Net movement In funds
14,576,555
171.596
14,748,151
RECONCILIATION OF FUNDS
Total funds brought forward
693.519
352,776
1,046.295
TOTAL FUNDS CARRIED FORWARD
15.270.074
524,372
15,794,446
Page 24
continued...

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
Iz.
TANGIBLE FIXED ASSETS
Freehold
land and
buildings
Fixtures
and
fittings
Motor
vehicles
Totsls
COST OR VALUATION
At I September 2023
Additions
20,126.325
24,932
1,139,948
127.064
71,065
5.820
21.337.338
157,816
At 31 August 2024
20.151,257
1.267,012
76,885
21,495.154
DEPRECIATION
At I September 2023
Charge foryear
878,995
86.054
57,116
6,125
936,111
92,179
At 31 August 2024
965,049
63.241
1.028.290
NET BOOKVALUE
At 31 August 2024
20.151,257
301,963
13.644
20,466.864
At 31 August 2023
20,126.325
260,953
13,949
20.401.227
C05t or valuation at 31 August 2024 15 represented by:
Freehold
land and
buildings
Fixtures
and
fittings
Motor
vehicles
Totals
Valuation in 2009
Valuation in 2013
Valuation in 2016
Valuation in 2019
Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
1,278,246
793,508
1,199,843
1,203,403
216.742
{865.0101
16,299,593
24.932
85,092
157.558
360,417
251,938
7,160
163,044
114.739
127,064
19,2¢)0
25,640
1,382.538
976.706
1,560.260
1,456,046
235,242
1687,7861
16,414,332
157,816
705
11.340
14.180
5.820
20,151,257
1.267,012
76,885
21,495.154
The fixed assets are held for charitsble purposes.
Freehold properties were revalued in February 2024 with regard to the RICS Depreciated Replacement Cost
Method of Valuation by Lambert Smith Hampton. Any increase in Freehold Property value since then is as a
result of additions to the Property.
The historic c05t of the freehold property is £4,454,61612023: £4,429,684).
The Governors consider that the depreciation charge and accumulated depreciation on freehold property is
immaterial due to the extended useful economic life of these assets. These assets are subject to an annual
impairment review by the School Governors and no depreciation is charged on freehold property.
Page 25
continued...

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
13.
STOCKS
2024
2023
Finished goods
63,155
60,161
The amount of stock recognised as an expense in the year was £130.94812023: £128,426).
14.
DEBTORS: AMou￿rS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
823.146
16,147
137.574
848.653
4,179
105.367
976,867
958,199
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 171
Hire purchase (see note 18)
Trade creditors
Social security and other taxe5
Other creditors
Accruals and deferred income
732,967
13.197
172,553
98,431
2,470,236
2.841,896
319,821
18,066
112,297
57,139
2,540.079
1.818,910
6,329,280
4,866.312
Included within other creditors is an amount of £1.895.33712023- £1,946,206) owed to GFM Holdings Ltd. a
related party.
Income relating to the 2024-25 academic year has been deferred to the following year.
16.
CREDITOR5: AMOUNTS FALUNG DUE AFfER MORE THAN ONE YEAR
2024
2023
Bank loan5 (see note 171
Hire purchaselsee note 181
Accrua15 and deferred income
64,367
12,761
873.059
737,306
25,959
950,187
763,265
Deferred income relates to income for academic years beyond 2024-25.
Page 26
continued...

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 AUGUST2024
17.
LOANS
An analysis of the maturity of loan5 is given below:
2024
2023
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
127.438
192,383
732,967
732.967
319,821
Amounts falling between one and two years..
Bank loans - 1-2 years
64.367
192.383
Amounts falling due between two and five years..
Bank loans - 2-5 years
339,721
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
205,202
The bank loans and overdrafts are secured by a debenture and legal mortgage over all assets of the company.
The company has 2 separate loans with Natwest Bank. The first loan has an interest rate of 1.3% per annum
above the Natwest base rate. The second loan ha5 an interest rate of 1.92% per annum above the Natwest
base rate.
LEASING AGREEMENTS
Minimum lease payments fall due as follows:
Hlre purchase contracts
2024
2023
Gross obligations repayable:
Within one year
Between one and five years
15.826
16,231
21,334
32,058
32,057
53,392
Finance charges repayable:
Within one year
Between one and five years
2,629
3,470
3,268
6,099
6,099
9,367
Net obllgations repayable:
Within one year
Between one and five years
13,197
12.761
18,066
25,959
25,958
44,025
Page 27
cofitinued...

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST2024
LEASING AGREEMENT5- contlnued
Where assets are financed by leasing agreements that 8ive rights approximating to ownership I'finance
leases'l. the assets are treated as if they had been purchased outright. The amount capitalised is the present
value of the minimum lease payments payable during the lease term. The corresponding leasing commitments
are shown as amounts payable to the lessor. Depreciation on the relevant asset5 is charged to the income and
expenditu￿ account.
Lease payments are analysed between capital and interest components so that the interest element of the
payment is charged to the income and expenditure account over the period of the lease and represents a
constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts
payable to the lessor.
The net bookvalue of assets subjert to finance leasing arrangements is £48.00712023.' £64,797).
All other leases are treated as an operating lease. Their annual rentals are charged to the income and
expenditure account on a straight line basis over the term of the lease.
Non-cancellable operating
leases
2024
2023
Within one year
Between one and five years
109.279
187,669
100.759
108,528
296.948
209,287
19.
MOVEMENT IN FUNDS
Net
movement
in funds
At
3118124
At 119123
Unrestricted funds
General fund
Revaluation resenie
1426.5671
15.696,641
{3,2281
1429,7951
15,696,641
15.270.074
13.2281
15,266,846
Restrlcted fund5
School development fund
524,372
166.851
691,223
TOTAL FUND5
15,794,446
163,623
15,958,069
Page 28
continued...

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- Continued
FOR THE YEAR ENDED 31 AUGUST 2024
19.
MOVEMENT IN FUNDS- continued
Net movement In funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrirted funds
General fund
5.437,716
(5,440.944}
13,2281
Restricted funds
School development fund
292.489
1125,638)
166,851
TOTAL FUNDS
5,730,205
15.566,5821
163,623
Comparatives for movement in funds
Net
movement
in funds
At
3118/23
At 119122
Unrestrlrted funds
General fund
Revaluation reserve
1435.6271
1,129.146
9,060
14,567,495
1426.5671
15,696.641
693,519
14,576.555
15,270,074
Restrlcted fund5
School development fund
352,776
171,596
524,372
TOTAL FUNDS
1.046,295
14.748.151
15,794.446
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and
105ses
Movement
in funds
Unrestricted funds
General fund
Revaluation reserve
4.724.699
{4,715,6391
9.060
14,567,495
14.567,495
4,724,699
14,715,639)
14,567.495
14,576.555
Re5trirted funds
School development fund
254,503
{82,9071
171,596
TOTAL FUNDS
4,979,202
14,798,546)
14,567.495
14,748,151
Page 29
continued.

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
19.
MOVEMEpif IN FUNDS- contlnued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
3V8124
At 119122
Unrestricted funds
General fund
Revaluation reserve
1435,6271
1,129.146
5,832
14,567,495
1429,7951
15,696,641
693,519
14,573,327
15.266.846
Restrlcted funds
School development fund
352,776
338.447
691.223
TOTAL FUND5
1,046,295
14,911.774
15,958.069
A current year IZ months and prior year 12 months combined net movement in funds. included Sn the above
are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrirted fund$
General fund
Revaluation reserve
10.162.415
110.156,583)
5.832
14,567,495
14,567,495
10,162,415
110,156.583)
14,567,495
14,573,327
Restrirted ￿rtd5
School development fund
546.992
1208,545}
338,447
TOTAL FUNDS
10.709.407
110,365.128)
14.567,495
14,911,774
The general fund represents the unrestrirted funds which the Governors are free to use in accordance with the
charities objertive5.
The School development fund is funded via a payment made by parents. The funds assists the school to
continue to invest in ongoing developments to ensure that the very best learning environment is provided to
the pupils. During the year the income received from the school development fund has been used in the
general maintenance of the school facilities and the development of the Performing Arts Centre.
Page 30
continued...

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
20.
EMPLOYEE BENEFIT OBLIGATIONS
Teachers, Penslon Scheme
The school participates in the Teachers, Pension Scheme I'the TPS") for its teaching staff. The TPS 15 an
unfunded multi-employer defined benefits pension scheme governed by the Teachers, Pensions Regulations
2010 and, from l April 2014, by the Teachers, Pension Scheme Regulations 2014. Members contribute on
"pay as you go basis with contributions from members and the employer being credited to the Exchequer.
Retirement and other pension benefits are paid by public funds provided by Parliarnent.
The employer contribution rate is set following scheme valuations undertaken by the Government Actuary's
Department. The latest actuarial valuation report in respert of the TPS related to the period ended 31 March
2020. This set the contribution rate at 28.68% of contributory pay with effect from l April 2024. This rate
includes the adminlstrative levy of 0.08%. The previous contribution rate with effect from I September 2019 to
31 March 2024 was 23.68% of contributory pay, including the administrative levy of 0.08%.
The pension charge for the year includes contributions payable to the TPS of £466,29812023: £377,532) and at
the year end £59.22812023'. £38.2941 was accrued in respert of contributions to this scheme,
A copy of the valuation report and supporting documentation is available from the Teachers, Pension website:
vNiw.teacherspensions.co.uklnews/employers120231101valuation-result.aspx.
Actuarial valuations are updated every four years. The next valuation is expected to be implemented with
effett from I September 2027.
Defined Contribution Schemes
For non-teaching staff and teachers who have opted out of the TPS, the school operates two defined
contribution schemes. The cost to the Charity of contributions to these schemes during the year was £22,235
12023: £22,089} and at the year end £4.75312023.' £5.4141 was accrued in respert of contribution5.
21.
CAPITAL COMMITMENTS
2024
2023
Contrarted but not provided for in the financial statements
69,784
22.
RELATED PARTY DISCLOSURES
During the year GFM Holding5 Limited, a company in which a Governor is a director. provided interest free
loan finance to enable the Company to meet its day to day financial requirements. The loan balan￿ as at 31
August 24 amounted to £1,895.33712023- £1,946,206). There 15 no fixed repayment schedule.
GFM Holdings Limited provided services to the school without char8e. These services had an estimated
rnonetary value of £60,61412023- £61,163) and relate to financial management. l.T. service5, and design and
marketing support.
During the year. two trustees each had one child studying at the school.
During the year. the School purchased sportswear and sport equipment from Pitch Int Limited, a company in
which a Governor is a dirertor, with a total value of £9,94312023: £2,967).
Page 31
continued...

GOSFIELD SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENT5- contlnued
FOR THE YEAR ENDED 31 AUGUST2024
23.
ULTIMATE CONTROLLING PARTY
Throughout the year. the company was controlled bythe Governors.
24.
MEMBERS GUARANTEE
Gosfield School Limited is a charitable company limited by guarantee. The guarantee of each member
(Director) is limited to £1.
Page 32

GOSFIELD SCHOOL UMITED
DETAILED STATEMENT OF FINANCIAL A￿1VITIEs
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Donated services and facilities
338.228
60,614
254,505
61.163
398.842
315,668
Investment income
Rents received
Deposlt account interest
Interest receivable tradlng
24,456
4,159
6,584
16,034
35,199
16.034
Charltable artlvltles
Gross fees
Totsl bursaries and allowances
Minibus income
Income from school shops
Sundry income
5.870,915
11.018,8911
284,658
40,021
119.461
5,206,548
1954,1021
275.412
43.840
75.802
5,296.164
4,647.500
Total incomln8 resources
5,730,205
4.979,202
EXPENDITURE
Investment management costs
Bank interest and charges
Mortgage interest
Other Inte￿$t
7.522
62,196
16.305
21.491
51,748
3.315
86,023
76,554
Charltable artlvltle$
Staff costs
Social security
Pensions
Other operating leases
Rates and water
3.092,308
297,834
488.533
2,790,810
265,429
399.621
836
17,594
30,317
F 11
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Carried forward
59.884
136,846
1.777
32,892
60.280
4,201,439
55,484
213,062
1,608
26,600
57,320
3,828,364
This page does not form part of the statutoryfinancial statements
Page 33

GOSFIELD SCHOOL UMITED
DETAILED STATEMENT OF FINANCIAL A￿1VITIEs
FOR THE YEAR ENDED 31 AUGUST2024
2024
2023
Charltable artivitles
Brought forward
Sundries
Teaching resource5
Purchases
Staff and Governor training
Maintenance and repairs
Motor expenses
4,201,439
8,292
233,979
133.942
11.745
165,237
139.428
3,828,364
4.587
167,125
133,182
5.920
96,533
145,081
E 11
Subscriptions
Legal fees
Professional fees
Lease costs
Bad debts
Computer expenses
Finance, IT and design services
Depreciation: Fixtures and fittings
Depreciation: Motor vehicles
47,144
12,759
123,957
56,438
147,815
35,090
60.614
86,055
6,125
23,235
2,653
61,242
45.969
15,000
32,968
61,163
85.223
5,240
5,470,059
4.713.485
Support costs
Governance costs
Auditors, remuneration
10,500
8,507
Total resources expended
5,566,582
4,798,546
Net Income
163,623
180,656
This page does not form part of the statutoryfinancial statements
Page 34