WOODFORD GREEN PREPARATORY SCHOOL LIMITED
(Company limited by guarant881
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Charity Number: 310930
Company Number: 00621311

Woodford Graen Preparatory School Limited
(the "Company" or the"School" or the "Charity")
Acting Head's Report For the Year Ended 31st August 2024
Academic and Pastoral Achievements
Once again, our pupils have achleved outstanding results in the 11 + entrance assessments. This
success was celebrated with offers from some of the leading independent 5eniar schools, including Clty
of London Boys,, City of London Girls,. and Westminster. as well as highly selectlve schools in the local
area, such a5 8ancroft'5, Forest. and Chlgwell. An increasing proportion of pupils sal for grammar
school places, and we gained numerous offer5 from Woodford County High, Ilford County High,
Colchester County High, King Edward Vl Grammar School, and Soulhend High School for Boys. These
accomplishments underscore the high academic standards and dedication of our students and staff,
reflecting our commitment to academic excellence. The staff s dedication ensures that all pupils are
provided with optimal academic and pastoral support so that every child reaches their full polential. The
excellent results also rellect the many and varied specialisms of staff, Of the 21 scholarships1270/0 of
pupils achieving one or more scholarships) awarded, 3 were academic, 8 were in music, 9 in sports,
and 1 in drama.
Music and Performlng Arts
The music department continues to flourish, with regular weekly curriculum lessons complemented by
over 200 individual music lessons provided lo pupils from Year 110 6. Over 700/0 of the school population
plays one or more instruments. The children showcase their talents by participating regularly in termly
tealime concerts, a5 well as performin9 al the annual Sl. Cecilia Concert in the Autumn Term and
finishing the year with a Summer Jazz Concert. which was held al the Sir Jame5 Hawkey Hall.
Many of our talented musicians have achieved excellent results. with 100 students receiving their
Grades 1 5 In ABRSM and TCL music examinations. wllh many gaining distinctions and merits. These
results reflect not only their hard work and dedication but also the high standards maintained by aur
music department. We are immensely proud of their accomplishments, which highlight the depth of
musical talent nurtured within our School community.
Al the Stratford Music Festival, we received awards for the choir performances, and the string
ensembles were placed first in their class. winning The Orchestra Cup. In the summer term. some of
our music scholars attended a maslerclass al Christ's Hospital School. Additionally, three children were
successfully awarded a place with the National Youth Children's Choir of Great Britain, and one of our
pupils secured a place at the prestigious Junior Guildhall School of Music.
Many children participate in Speech and Drama lessons, and over 90 pupils passed LAMDA (London
Academy of Music and Drarnatic Art) exams with a high percentage of children achieving dislinclions.
Annual whole school in-house competitions such as the Barker Cup, Heaven's Speech, Clemence and
Gwynne Cup, class assemblies, and school plays all provide a platform for our students to gain the
confidence to perform in front of large audiences. Our pupils exhibit oulslanding communicallon skills.
they are highly articulate and express themselves confidently in a range of context5. Self-esteem and
confidence are developed through opportunities lo speak publicly lo a range of audiences. Our youngest
pupils all perform in their First Nativity, confidently narrating the Christmas story after only attending
School lor eight weeks. We see the exceptional progress and confidence the children gain, which was
reflecled in the professional performance of Cinderella Rockerfella by the Year 6 pupils al the end of
the summer term.
Sportlng Success
The significant engagement in sports by our pupils highlights the continued growth and success of
WGPS sport. with our teams excelling at local competitions, becoming ¢ounty champions. and with
pupils competing al the national level. The netball team was proudly selected to represent the Borough

Woodford Green Preparatory School Llmited
(the "Company" or the "School" or the "Charlty")
of Redbridge at the London Youth Games at the beginning of the season. They then went on to reach
the quarter-finals of the Kent College Pembury IAPS netball tournament. Three of our Year 6 pupils
played for Essex Open and were part ofthe team that reached the U11 National Finals this year. These
achievements speak volumes about the skill development, high expectations sel for our young athletes,
and the links we have with loGal and borough development squads. Many of our children are seleGted
for Essex Open, and some players this year have been chosen to be a part of the Cambridge County
and Woodford Warriors development squads.
The boys, U11 cricket team represented Redbridge at the London Youth Games and succeeded in
becoming Essex County u11 champions. Cross Country at The Red School has always had high
participation, and we were very proud of three of our runners who were placed in the lop three in the
Redbridge Cross Country Race. We host the WGPS Cross-counlry race and are proud of our links with
local independent and state schools,. this year, we welcomed over ten schools. During the football
season, we hosted the WGPS U11 Football Tournament and again invited local stale and independent
schools to participate.
We continue to maximise the use of local facilities to provide pupils with opportunities lo experience
iconic arenas firsthand. as well as inspiring and motivating them to achieve sporting excellence. The
annual swimming gala held at the London Aquatics Centre was a fantastic opportunity for pupils from
Years 3 to 6 to showcase their swimming prowess, and our annual Sports Day at the Lea Valley
Athletics Centre was also a vibrant celebration of athletlC15m and teamwork, where pupils participated
in various track and field events, fostering school spirit and friendly competition.
Our cornprehensive sports program includes football, hockey, netball, squash, tennis, athletics, and
rugby, providing avenues for students to explore and excel in various disciplines, both in terms of
individual skill development and team competition. Our sports teams have taken part in over 75 fixtures
this year, and we are proud lo conlinLte enriching our curriculum with such diverse sporting experiences.
We run Squad training for netball, hockey, football, and cncket before school, and our after-school sports
clubs reflect the nch diversity of opportunities available lo our pupils. From traditional sports to individual
pursuits such as fencing, ballet, and gymnastics, our clubs cater to a wide range of interests and
abilities.
Pupil Volc•
Pupil voice continues lo permeate and impact the life of the school. and we greatly value the insightful
perspectives and suggestions provided by our pupils. In Years 2 - 6, class council represenlalives are
selected lo share valuable suggestions at regular School Council Meetings, hosted by the Senior
Leadership Team. At the beginning of the academic year, Class Councillors and the Pupil Leadership
Team {Head 8oylGirl, Deputy Head BoylGirl) visited Parliament, attending a workshop on democracy
as well as touring the Houses of Parliament. All pupils in Year 6 are awarded an ambassador role that
reflects their interests or a school value, lor example, Computing Ambassador/Nurture Ambassador,
and actively contribute to school life. We are especially pleased that our pupils have the opportunity lo
get involved in key developments for the school. Recently, a pupil panel played a pivotal role in the
tender process for selecting a new catering company. Their active participation and input directly
influenced decision-making, ensuring that the chosen provider aligns with our commitment to healthy
eating and overall pupil well-being.
We continue to be committed to fostering a Culture of equity, diversity. and inclusion (EDI) in our school,
ensuring that every member of our community feels valued and respected. Addilionally, our parent
forum remains a vital voice in shaping school development, actively contributing to initiatives that
promote inclusivity and support our EDI goals. Through these efforts, we Continue to nurture an
environment where diversity is celebrated, and every individual can thrive.
School Communlty and Wider Engagement
This year, we have continued to SUPPOrt charities chosen by the pupils.. Smiles wlh Grace, Haven
House Hospice, and Comic Relief. These charitable efforts not only provided much-needed support to
important causes bul also fostered a strong sense of community and Social responsibility among our
pupils.

Woodford Green Preparatory School Limited
{the "Company" or the "School" or the"Charlty"I
Our partnership with the Parent-Teacher Association (PTA) contlnues to play an integral role in fostering
a supportive and incluslve school environment. This year. the PT A has been instrumental in organising
events for the pupils and raising funds through discos. second-hand uniform sales, and Christmas and
summer fairs, to name but a few. The PTA held their annual quiz evenin9, which was well attended by
not only current parents but also a high number of alumni families. By working together, we have been
able to implement various projects that benefit our pupils.
We have strengthened our partnership with Tooled Up Education and have hosted parent workshops
with its founder, Dr. Kathy Weston. The Girls on Board program has continued to empower our pupils,
fostering a supportive environment wherethey can navigate friendships and build self-esteem. We have
engaged parents in the approach during evening information sessions.
We are proud to have further strengthened the cohort of staff trained in Mental Health First Aid. Ihus
extending the breadth of support available to support pupils. mental health effectively. reinforcing our
commitment to their well-being.
Furthermore, our partnerships wilh local state schools have enriched our educational offerings and
fostered a sense of community beyond our own school. One notable example is Orama Day for our
Year 5 pupils. This event, in collaboralion with neaTby Stale Schools, provided an opportunity for pupils
to come together and experience an array of performing arts skills, such as puppetry and digital
animation.
Our Governors have actively participated in a variety of school events and meetings, consistently
showing their support. The annual Governors, Visilation Day was once again a great success. providing
an opportunity for Governors to engage with staff and children across the school. Additionally. we
continue to arran9È Vlslts from our alumni. seeking further opportunities to connect our curreni pupils
th the lives and experiences of those who have come before them. This year, we launched the Alumni
Project 'Once a Fied. Always a Red,. with past pupils highlighting life at senior schools Iwestminster,
Haileybury, and City of London School for Girls) and showcasing the secondary school options pupils
can enjoy.

Woodford Green Preparatory School Limlted
(the 'Company" or the"School" or the "Charlty")
Report of the Trustees
for the Year Ended 31st August 2024
The trustees of the School (the "Trustees.), (who are also directors of the Company for the purposes of
the Companies Act 2006), present their report with the financial statements of the Company for the year
ended 31st August 2024. The financial slalements have been prepared in accordance with the
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 IFRS 1021 (Charities
SORP 2015 (Second Edition effective 1 January 20191), and the Companies Act 2006.
Objects, Aims, Objectives and Principal activities
The principal object of the Company is to carry on and conduct a preparatory school for the education
of boys and girls in accordance with the principles of the Christian faith but on a non-denominational
basis.
strateglc Aim and Intended Effgct
The School's strategic aim is to reflect its educational aims and the ethos of the School. The School
wants to be known as a school where every pupil is nurtured, encouraged to be curious and achieves
their very best.
Obj8Ctlves for the Year
The School's main objective continues lo be to educate all of the School's pupi18 lo the best of their
ability, so that they will be able lo derive the greatest benefit from their chosen school for the
continualion of their education. The School's strategy for achieving this i¥ to..
Provide a curriculum that is stimulating, skills-based, challenges and prepares all pupils for the
future and lifelong learning
Promate and enable pupil curi051ty, independence and innovation
Embed a culture of ongoing assessment that tracks pupils, progress to reach their very best
Ensure that the School is a secure and nurturing environment that provides excellent pastoral
support to enable both academic learning and personal developrnent
Live out our School values
Provide greater engagement wilh leadership opportunities within the staffing community
Develop a high quality continuin9 professional development I CPD'I programme, with
coaching and mentoring to 8UPPQrt staff development and which connects with the wider
educational community
Ensure the School remains in strong financial health and has a leading reputation
Enhance high quality educational provision through new, flexible resources that support the
School's changing pedagogical needs
Continue to provide a strong sense of community to pupils, parentslfamilies and 51aff, by
actively reaching out and engaging ir) different ways
Promote its excellent reputation, in both the local and wider area, with the 'voice' of the School
as one of expertige.
Principal Actlvlty
The School's principal activity conlinues to be the provision of a co-educational day school for pupils
aged 3 to 11. During 2023-24 the School was operating with an average of 380 pupils. Ils capacity,
known as the DfE Maximurn, was increased in 2020-21 to 400 from 384 pupils reflecting the growing
demand for places especially in the Early Years. but for operational rea50n5 11 is currently capped at
388 pupils.

Woodford Green Preparatory School Limiled
(the "Company" or the "School" or the "Charity")
Report of the Trustees
for the Year Ended 31st August 2024
Volunteers
The Parent Teacher Association (the "PTA"). an unconneGted Charity. brings considerable benefit5 to
Ihe School by organising and sponsoring events for pupils and their families to attend for educalional,
recreational and fund-raising purposes, The annual events include, bul are not limited lo Easter Craft
Fair and Upper School Wipeout, Quiz Night. School Disco, Lower School Magic Show, Second Hand
Uniform Sale and the Summer Fair. The PTA funded the School's annual pantomime performance as
well a5 each Spring funding the Baby Chicks project where eggs are placed in an Incubator within the
Nursery and the children can observe the chicks as they hatch. The School is very appreciative of
parents who give of their time to volunteer for School activities. supporting Staff and pupils.
The pupils have traditionally played an active role in supporting other charities. During the pasl year,
collections in aid of local and national organisations have taken place. These have usually been
connected with either fund raising events within the School or as part of specific national appeals. A
fantastic total of £8,169 was raised for charity as a direct result of pupil involvement, including
sponsored events (in aid of the Royal British Legion poppy appeal). plus a Christmas Jumper Day and
nativities for Smiles with Grace, and Comic Relief. In addition. a Harvest Festival was held in support
of a local food bank, and many families generously donated new toys and gifts to a local Charity al
Christmas.
Flnanclal revlew and results for the year
Income for the year, primarily from school fees, Increased by 6.8¢/0 to £5,185,431. Direct expenditure
relating to the Company's objectives decreased by 9.40A lo £4.670, 585. 63.70kn of this flgure being in
respect of staff costs. After taking account of management and adminislralion expenses of £1.450,460
(2022-23. £1.424,629) and depreciation of £243,370 (2022-23. £753,242). there was a surplus of
£514, 846 (2022-23., deficit of £297.6611 for the year.
Achlevements
Please see page 1 of these accounts (Acting Head'5 Report) for the academic and pastoral
achievements.
Reserves Policy
The Company's policy is that all funds ncl already invested in fixed assets such as land, buildings,
fixtures and fittings or for planned capital expenditure cr for designated purposes are available to meet
the Company's general purposes or objectives. These funds are spent at the Company's discretion or
by delegation to nominated persons.
The Trustees intend that the School should continue to operate with a level of free reserves equivalent
to a minimum of a terrn's income (fees). Although this Is a relatively low figure, this reflects the
reasonable certainty of fee income bein9 received. The School continues to operate al very close to or
al full capacity with long waiting lists. The current level of reserves (current net assets less future capital
commitmenlsl 15 deemed to be adequate lo rneet any unforeseen trading circumstances which might
arise in the future.
Assisted Places
During the year. the sum of £109,060 (2022-23. £66.8681 was allocated to assisted places from the
designated Norah Reed and Means Tested assisted places funds. Further information relating to the
designated assisted places funds is reported in the Public Benefit S121emenl. Currently, the designated
funds sufficiently cover current commitments lo assisted places, with funds available to offer further
places in future.

Woodford Green Preparatory School Llmited
{the "Company" or the "School" or the "Charity")
Report of the Trustees
for the Year Ended 31st August 2024
Investment Policy
The Company has absolute powers of investment of its corporate reserves. However, a low risk policy
is followed so that available retained funds. other than those required for day to day cash management.
are placed wth the School's bankers or other financial institutions on deposits maturing within
approximately 12 months or less, and only with financial institut10115 which have independently verified
secure credit ratings.
Princlpal Risk5 and Uncertaintles
The Company has eslablished a Risk Management Committee which meets on a termly basis to review
the principal risks and uncertainties facing the School from strategic. financial and operational
perspectives. Risks are graded High, Medium or Low and mitigation factors and controls are considered
where appropriate. The great majority of risks are graded as Medium or Low, and emerging risks are
idenlified as and when they arise.
The School has identified the following as the principal risks it faces..
The potential redevelopment of the adjacent land by the council in order lo fulfil the need for
additional housing in the borough, including affordable homes andlor the sale or demolition of
the Sir James Hawkey Hall.
The impact of the imposition of VAT on school fees with effect from 1 January 2025 and Ihe
loss of business rates relief and the increase in employer National Insurance Contributions fro
April 2025.. The rating of those risks is High. In particular there is a High risk of parents not
being able lo afford school fees.
The financial, operational and reputational risks posed by increased cost of living, including
energy prices and interest rates, which wll affect the affordability for parents of School fees in
general. The rating of those risks has now been raised Irom Medium to High given the current
economic downturn.
The unquantified financial impact of withdrawing from the TPT pension scheme.
The anlicipaled cost of installing a new substation, generator or other source of additional
electric power.
The anticipated cost of replacing Ihe current boilers.
Future plans
Continuing inveslment will be made to improve the fabric of existing buildings and replace old furniture,
fixtures and fittings and improve energy efficiency. A new ball court was installed in July 2024, new
cooling and heating units have been installed in classrooms and the main hall and toilets have been
refurbished during the year.
In addition to its short-term objectives. the School is considering the longer-term development of..
1. building provision, in line with the findings of a feasibilily study and the demand for places at
the 3+ entry point.,
its SU5tainability programme aimed at derarbonizing the school estate and net zero compliance
in so far as possible.

Woodford Green Preparatory School Limlted
(the "Company" or the "School" or the "Charity")
Report of the Trustees
for the Year Ended 31st August 2024
ongoing staff development and training built on the CPD programme. and
its ongoin9 commitment to demonstrating high quality in teaching and learning and regulatory
compliance, whilst ensuring high quality pastoral provision.

Woodford Green Preparatory School Limited
(the "Company" or the School" or the "Charlty")
Report of the Trustees
for the Year Ended 31st August 2024
Structure, governance and management
Governing Document
The Company is governed by its articles of association as amended on 24 August 2017.
Governing Body
The Trustees, who are directors of the Company, are also mernbers oflhe Company. The directors and
members are selected and appointed on the basi5 of such matters as personal competence, specialist
skills and availability. The bases of appointment are sel out in the Company's articles of association.
Directors are required to resign and can offer themselves for re-election after every three years in office.
Organlsatlonal Management
The directors meet as a full board five times a year lo determine and review the policies of the Company
for which they are responsible. Additional board meetings are held for specific purposes as required.
The day-to-day running of the School is delegated lo the Head and Bursar supported by other teaching
members of the Senior Leadership Team. The board of directors has sel up sub-committees of the
board to consider (and report back onl specif1c aspects of governance,. namely Finance and General
Purposes, Curriculum and Safeguarding, Risk Management and Estates (Development and
Sustainability), and Appointments. A Steering Committee was established lo oversee a significant
capi131 project but has now completed its wcrk. A Pensions Review Commitlee was also set up and has
also recently completed its remit. The Estates Committee was set up in May 2023 with special regard
for sustainability carbon zero goal. The board has also nominated a director to serve as a representative
on the School's Health and Safety Committee which is chaired by the 8ur5ar. The remuneration of key
management personnel is determined by the Trustees on an annual basis by reference to anonymised
benchmarks and other data in the public domain.
Trugteo Inductlon and Tralning
New directors receive various pieces of written information regarding the workings of the School and of
the Company a5 3 corporate entity and as a registered Charity. All directors are a150 encouraged to
attend seminars organised by various professional firms and independent school umbrella bodies which
deal with the responsibilities of Trustees in relation ta the Companies Act, Charity Law and the
Department for Education requirements.
Structure and Relatlonships
The Company has no trading subsidiaries. all activities being carried out by the Company itself. The
School's Head is an active mernber of the Independent Association of Preparatory Schools {IAPS) for
the promotion and maintenance of preparatory School Standards generally and also take5 part in
several independent School discussion groups where matters of a common interest are discussed. The
School is a member of the Independent Schools Council IISCI and the Association of Governing Bodies
of Independent Schools (AGBIS), the Head is an inspector for the Independent Schools Inspectorate
(ISI), and the Bursar is an active mernber of the Independent Schools Bursars Association IISBA).

Woodford Green Preparatory School Limited
(the "Company" or the "School" or the "Charity")
Report of the Trustees
for the Year Ended 31st August 2024
Reference and adminlstratlve details
Registered Company number
00621311
Reglstered Charlty number
310930
Reglstered office
Glengall Road
Woodford Green
Essex
IG8 OBZ
Trustees
Mrs G Haddon (Chair)
Mr C Barratt
Mrs C Bentley
Mrs G Chahal
Mr P Kempe (Deputy Chairman)
Mr5 L Kennedy
Mr C Parkinson
Mrs J Peddy
Mr J Preston
Mrs A Quaife-O'Donnell (resigned 11 June 2024)
Mr P Seehra
Mrs L Shamrakov
Mr M Townsend
Mrs J Venditti
Company Secrelary
Mrs N 8hangu
Audltors
Haysmac LLP
Statutory Auditors
10 Queen Street Place
London EC4R 1AG

Woodford Green Preparatory School Limited
(the "Company" or the "School" or the'charity")
Report of the Trustees
for the Year Ended 31st August 2024
Reference and adminlstrative details (continued)
Key Executives and Professional Advisors
Head.. Miss L McDonald, LLB (Hons), PGCE (1 September 2023 to 22 June 2024)
Acting Head.. Ms R Chere (23 June 2024 onwards)
Bursar & Company Secretary.. Mrs N Bhangu FCMA, Bsc Honours
Bankers.. Virgin Money UK pl¢, 5 Lockey House, 1 Sl Peter's St, St Albans AL1 3LP
Insurance Brokers.. Hettle Andrews, Eleven Brindleyplace, 2 Brunswick Square, Birmingham B12LP
Woodford Green Preparatory School Limited is a Company limited by guarantee incorporated in 1959
under Company registralion number 00621311 and registered as a Charity in 1963 under Charity
registration number 310930. The liability of ils members is limited to £5 each by guarantee. The
registered office and principal address of the Company is at Glengall Road, Woodford Green, Essex
IG8 OBZ.
10

Woodford Green Preparatory School Limited
{the "Company" or the "School" or the "Charity")
Report of the Trustees
for the Year Ended 31st August 2024
Statement of ublic benefit
A. THE PURPOSE OF THIS STATEMENT
This statement is prepared to accompany the annual Trustees, Report, and reports on the activitie5 of
the School for the year September 2023 to August 2024.
KEY DETAILS ABOUT THE CHARITY
Charity Règistratlon Detalls
The School was founded in 1932 as a privately-owned School, was incorporated in 1959 and was
registered as a Charity in 1963.
Location and oparatlon
The School operated by the charity is in Woodford Green within the London Borough of Redbridge and
provides an education for day pupils.
Puplls
The School has capacity for 400 pupils on Its roll aged 3-11 years, currently capped al 388 pupils for
operational reasons.
Admlsslons pollcy
The majority of pupils join the School in the September following their third birthday although there are
often opportunities for pupils lo Join the School at any age up to 11 years. A number of places are
available for "7+" entrants in September each year for which assessments are held between the
previous November and February. Al this time, the School invites applications for means lesled assisted
places.
Currlculum
The School educates children in accordance with, and beyond the requirements laid down in the Early
Years Foundation Stage and Key Stages l & 2 of the National Curriculum.
Opportunities to boneflt for those unable to afford fees:
Means tested assistance (assisted places)
A fund has been established to provide means tested assistance with fees for pupils attending the
School from the September following their 7th birthday. Applications are invited prior to the entrance
assessment held in February or early March. An award can be of any value LJP to 1 OO0k of the full fees
and would normally be awarded for the duration of the lime that the pupil attends the School, subject to
eligibility based upon an annual means lest review.

Woodford Green Preparatory School Llmited
(the 'Company" or thè "School" or the 'Charity")
Report of the Trustees
for the Year Ended 31st August 2024
Statement of ubllc benefit
contlnued
The Norah Read Assisted Places Fund (established in memory of the School's founder) exists to
provide means tested assistance lo parents of pupils in Years 5 and 6 already attending the School
who experience a change in their financial circumstances.
Non-means tested asslstanca
None.
Other opportunltles to benefit provlded by thè School
The School hosts sporting events lo which pupi15 from other local Schools are invited. The School's
SENDCO is also a governor offering special needs advice to a maintained School and the School's
esafety safeguarding lead mentored another member of staff in a maintained School. One ol the
School's Year 51Year 6 leacher5 is also a governor at a maintained School. The School hosts a number
of pupils from local state Schoo15 W15hing to gain work experience and puts on a programme lo support
them during their visits, which are typically held in the Spring or Summer temi. Local nursery children
and their staff have enjoyed c105e links with the School and it has been able to invite them to enjoy
memorable performances of plays and activities. The School ha5 provided mental health 5UPPOrt and
training to staff from other Schools.
C. THE AIMS OF THE CHARITY
The Objects and Powers. of the Charity include the following..
lo carry on and conduct a preparatory school for the education of boys and girls in
accordance with the principles of the Christian faith but on a nondenominational basis.,
lo provide general instruction and education together with physical and moral training,
and provide for the delivery and holding of lectures, exhibition5, public meetings, cla55es
and debates and directly or indirectly to advance the cause of education whether general,
professional or technical.,
to organise sports and other recreations and lo acquire any site or premises which may
be deemed suitable for the purpose.,
lo provide for the training of Students and student teacher5 in the theory and practice of
education., and
to do such other things as are incidental or the Company may think conducive to the
attainment of its Objects or any of them.
as set out in the articles of association as adopted on 24 August 2017.
12

Woodford Green Preparatory School Llmlted
(the "Company" or the "School" or the "Charlty")
Report of the Trustees
for the Year Ended 31st August 2024
Statement of ublic beneflt
continued
D. OEMONSTRATING PUBLIC BENEFIT
The primary benefit of the School Is the provision of education which by legal definition (under the
Charity law5 of England and Wales) is Charitable. It is the desire of the Trustee5 to continue to
demonstrate the School's "public benefit" and to this end they have adopted the guidance principles
published by the Charity Commission..
Principle 1.. There must be an identifiable benefit or benefits.
Principle 2.. Benefit musl be to Ihe public, or a section of the public.
Sections D1 and D2. below, sel out the School's aims and achievemen15 relating to principle 1.
Sections 03 - D6, below, set out the School's aims and achievements relating to principle 2.
Sectlon D1
Sub-princlple la - It must be clear what the benefits are
Sub-prlnclple 1b - the beneflts musl be relatad to the aims
The School's primary benefit is the provision of education lo the pupils al the School. Beyond the
standard curriculum offered by the School, benefits to the pupils also flow from the following activities
An extensive range of extra-curricular activilies. some of which are run as after school clubs.
including many sporting opportunities, musical and drama opportunities, and various other
activities.
School trips to Ihealres, education centres, places of worship of different faiths, activity
centres and residential educational trips for Years 4, 5 and 6. Vislts to the School by theatre
companies. authors, and special interest education groups.
Involvement in support of charib'es. including specialist Charity days, collections at school
concerts and events, and performances by the choir at a local day centre for the elderly. In
the year 2023-24 a total of £8.169 was raised by the pupils for various charities.
In addition, educational benefits for pupils, other children and the wider community arise from the
following examples,.
The School allows its facilities to be used by a number of groups and associations including
football training sessions for children, and hosls professional teaGhing network opportunities.
In some cases a nominal Charge is made for use of the facilities which is well below local
commercial rates but in other cases there Is no charge made at all.
13

Woodford Green Preparatory School Limited
(the 'Company" or the "School" or the "Charlty")
Report of the Trustees
for the Year Ended 31st August 2024
Statement of ublic benefit
contlnued
The School runs a leatime club on each school day io allow parents who work, to ¢ollecl their
children up to 6.00pm, A breakfast club is also operated, starting at 7. 30am, lo offer further
assistance to working parent5. Both are well-attended and appreciated by parenls.
The School hosts sports matches and competitions in which pupils from olher schools
participate.
The School supports local senior school pupils in work experience placements to ils site.
Local nursery children have attended events such as plays and performances.
Financial support is provided through giving to, lor example, the Royal British Legion, RSPCA,
Comic Relief and various other charities.
Section D2
Sub.prlnclplè 1c- boneflts must be balanced agalnst any detrlment or harm
The Trustees take care to ensure that no detriment or harm arises from the activities of the Charily. In
May 2023 the School unde￿ent a Focused Regulatory Compliance and Educational Quality Inspection
conducted by the Independent Schools Inspectorate which found that the School was rated Excellent
in all areas and met all of the requirements in each of the eight sections of the Education Ilndependenl
School Slandardsl Regulations 2014, including the welfare, health and safety of pupils.
Sectlon D3
3ub.prln¢lple 2a . the beneficiarSes must be approprlate to the alms
The main beneficiaries are children attending the School who are aged between 3 and 11. Children
from other schools of similar and other age groups also benefit.
Adult members of the wider community also benefit through use of the school facilities and as
beneficiaries of concert5, events, meetings, public meetings elc. held at the School in accordance with
item 5{c) of the Objects" listed in the Company's articles of association.
Other charities also benefit both directly through money raised by the pupils at the School and indirectly
through the use of the School's premises and facilities in accordance with item 610) ol the "Powers"
listed in the Company's articles of association.
14

Woodford Green Preparatory School Llmited
(the Company" or the"School" or the "Charity")
Report of the Trustees
for the Year Ended 31st August 2024
ststement of ublic beneflt
continued
Sectlon D4
Suts-princlple 2b where benefit is to a section of the public, the opportunity to benefit
must not be unreasonably restricted
(other than restrictions arising as a result of the fees charged which is dealt with in Seclion D5)
Geograph￿al restrictions..
There is no geographical reslriclion in the staled Objects applied to the opportunity to benefit, although
admissions priority is given lo local families residing within the locality of the School. In practice, the
majority of pupi15 at the School are drawn from a radius of 10 miles.
Age restnclions:
There are no age reslriclions specified in the stated Objects and neither do the objects exclude adults
as beneficiaries as well as children. In practice, the main beneficiaries are the pupils al the School aged
3to 11
Academic ￿strictl0ns'.
There is no requirement in the governing document for the children to meet specific academic standards
as a condition of entry at 3+ Nolwithslanding this. children ioinirsg the School at 4+ or later, are
assessed prior lo entry lo ensure that they are of an academic standard which will enable them to fil in
well with the other children already in the School. Ilt would not be In a child's best interest lo enter
school where he or she felt unable lo cope with the standard of work). Aside from 3+ entry, the next
main entry point to the School remains at 7+ where places are awarded lo those children who, in the
view of the head teacher, would benefit most from becoming a pupil al the School. The School accepts
children from within a wide range of academic ability.
Religious res¢rictions.'
The governing document makes it clear that whilst children are educated 'in accordance with the
principles of the Christian faith" this is on a non-denominational basis, In practice the pupils are drawn
frorn a wide range of faiths, and of no faith, which is viewed as bringing a positive breadth of culture to
the School community.
15

Woodford Green Preparatory School Limited
{the "Company" or the "School" or the 'Charity")
Report of the Trustees
for the Year Ended 31st August 2024
Statement of ublic beneflt
contlnued
Section D5
Sub-princlple 2b - the opportunlty to beneflt must not bo unreasonably restrlcted by the
ability to pay any fees charged
Sub.princlple 2c - people In poverty must not be excluded from the opportunlty to beneflt
Despite being located within Greater London, where rnany ca51s (especially teacher's salaries) are
higher than elsewhere in the country, the School is pleased that its fees are highly competitive when
measured against all IAPS Ilndependent Association of Preparatory Schools) Schools within the United
Kingdom. The Trustees strive lo keep cost5 as low as possible without detrimental effect upon the high
standards that the School is renowned for,
The School does not have endowment5 or large reserves and therefore the main source of income is
from school fees. The Trustees are mindful of the fact that any increase in fees lo help fund assisted
places would have a negative effect in narrowing the number of parents who can afford lo pay the fees.
The a5515ted places funds are derived from any trading surplus Made as a result of careful management
of budgets and bank deposit interest received, 11 has been possible to accrue a designated Means
Tesled Assisted Places Fund which is added to each year to fund an increased number of assisted
places.
As only nominal charges (to cover costs) are made for using the School's premises and facilities, there
is no restriction placed upon community users who are unable lo pay commercial rental fees.
During the year 2023-24, 2 pupils benefited from 100% assistance with School fees and g pupils
received partial assistance from the Means Tested Assisted Places Fund and 1 Norah Read Assisted
Place Fund lo a total value of £109,080 12022-23.. £66,868), The School is committed to financially
supporting Assisted Places for a continuing period.
Sgctlon D6
Sub-prlnclple 2d - any prlvate beneflts must bo colncldental
Discounts for children of slaff..
All member5 of staff are offered discounts against fees for their Ghildren. Pupils whose parents are staff
members who have completed at least one full year of service are eligible for the discount scheme.
C017flicts of interest..
The Trustees comply with their obligations under the Companie5 Acts regarding conflicts of interest.
Each Trustee declares any potential conflicts on appointment and has a continuing duty to do so.
E. SUMMARY
The TNstee$ are satisfied that the Charity is doing as much as it possibly can to demonstrate its public
benefil.
Statement of TfUStees' responsibilitie5
The Trustees (who are also the directors of Woodford Green Preparatory School Limited for the
purposes of Company lawl are responsible for preparing the Report of the Trustees and the financial
16

Woodford Green Preparatory School Llmited
Ith8 "Company" or the "School" or the "Charity")
Report of the Trustees
for the Year Ended 31st August 2024
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees lo prepare financial statements for each financial year which give
a true and fair view of the state of affairs of the Company and of the income and expenditure. of the
Company for that period. In preparing those financial statements, the Trustees are required lo
select suitable acGounting policies and then apply them consistently,
observe the methods and principles in the Charity SORP,
make judgernents and estimates that are reasonable and prudent,
slate whether applicable UK Accounling standards have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless il is inappropriate
to presume that the Company will continLte in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy al any time. the financial position of the Company and lo enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding
the assets of the Company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
The Trustees have assessed the major risks lo which the Company is exposed, in particular those
related lo the operations and financps of the Company. After appropriate consideration of risks as part
of ils normal risk management proGesses and mitigating actions both already taken and available lo be
taken. the Trustees consider it appropriate for the going concern basis lo be adopted for these accounts.
In so far ay the Trustees are aware..
there is no relevant audit information of which the 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 Information and to establish that the auditors are aware of
that information.
Approved by order of the board of directors (Trustees) on 2éNovember 2024 and signed on behalf of
the Trustees by.
Mrs
addon, Director
17

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WOODFORD GREEN
PREPARATORY SCHOOL LIMITED FOR THE YEAR ENDED 31 AUGUST 2024
Opinion
We have audited the financial statements of Wo¢dford Green Preparatory School for the year ended
31 August 2024 which comprise the Statement of Financial Activities. the Balance Sheets, the Cash
Flow Statement and notes to the financial statemen15, including a summary of significant accounting
policie5. The financlal reporting framework that has been applied in their preparation is applicable law
and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial
Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the Company's affairs as at 31 August 2024 and of the
Company's net movement in funds, including the income and expenditure, for the year then
ended,. and
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.,
have been prepared in accordance with the requirements of the Companies Acl 2006.
Basls for opinlon
We conducted our audil in accordance with International Standards on Auditing IUKI IISAS {UK)l and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibililies for the audit of the financial statements section of our report. We are independent of the
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 elhical
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.
Conclusions relatlng to golng concern
In auditing the financial statement5, we have concluded that the Trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate,
Based on the work we have performed, we have not identified any malerial uncertainties relating to
events or Conditions that, individually or collectively, may cast significant doubl on the Company's ability
to continue as a going concern for a period of at least twelve months from when the financial statements
are aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described
in the relevant sections of this report.
Other Information
The Trustee5 are responsible for the other information. The other information comprises the information
included in the Trustees, Report. Our opinion on the financial statements does not cover the other
information and, except lo the extent otherwise explicitly stated in our report, we do not expre55 any
fomi of assurance conclusion thereon.
In connection with our audit of the f1nancial statements, our responsibility is to read the other information
and, in doing so. consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otheNise appears to be materially misstated. If
we identify such material inconsistencies or apparent material misstalements, we are required to
determine whether there is a material misstatement in the financial statements or a material
misstatement ofthe other information. If, based on the work we have pertormed, 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.
18

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WOODFORD GREEN
PREPARATORY SCHOOL LIMITED FOR THE YEAR ENDED 31 AUGUST 2024
Opinions on other matters prescribed by the Companles Act 2006
In our Oplnlon. based on the work undertaken in the course of the audit..
the information glven In the Trustees, Report (which includes the Directors, report prepared for
the purposes of Company law) for the financial year for which the financial statements are
prepared is consistent with the financial statements., and
the Directors. report included wilhin the Trustees, Report has been prepared in accordance with
applicable legal requirements.
Matters on which we are requlred to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report (which
Incorporates the Directors, report).
We have nothing to report in respect of the following rnalters in relation to which the Companles Act
2006 requires us to report lo you if. in our opinion..
adequate accounting records have not been kept by the Company., ar
the Company 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 far our audit., or
the Twstees were not entitled lo prepare the financial statements in accordance with the small
companies, regime and take advantage of the small companies, exemptions in preparing the
Trustee5' report and from the requirement to prepare a strategic report.
Responsibllitie5 of Trugtees for the financial statements
As explained more fully in the Statement of Tru51ees' Responsibilities slalemenl sel out on page5 13
and 14 the Trustees (who are also the Directors of the Company for the purposes of Company law)
are responsible for the preparation of the financial statements and for being satisfied that they give a
true and fair view, and for such internal control as the Trustees determine is necessary lo enable the
preparation of financial statements thal are free from material misslalement, whether due to fraud or
error.
In preparing the financial statements. the Trustees are responsible for assessing the Company's ability
lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using
the going concern basis of accounting unless the Trustees either intend to liquidate the Company or lo
ease operations, or have no realistic alternative but to do so.
Audltor's responslbilltles for the audit of the flnanclal statements
Qur objectives are to obtain reasonable assurance about whether the financial statements a5 a whole
are free from material misstatement, whether due to fraud or error, and lo issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always delect a material misstatement when it exists.
Misslatemenls can arise from fraud or error and are considered material if, individually or in the
aggregate. they could reasonably be expected to influen¢e the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our respon5ibililie5, Outlined above, lo delecl material misstatements in respect
of irregularities. including fraud. The extent to which our procedures are capable of dele¢ting
irregularities, including fraud is detailed below".
19

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WOODFORO GREEN
PREPARATORY SCHOOL LIMITED FOR THE YEAR ENOED 31 AUGUST 2024
Based on our understanding af the Company and the environment in which it operates, we identified
that the principal risks of non-cornpliance with laws and regulations related to the independent school
regulations, safeguarding, employment and health and safety regulations and Charity law, and we
considered the extent to which non-compliance might have a material effect on the financial statements.
We also considered those laws and regulations that have a direct impact on the preparation of the
financial statements such as include the Companies Act 2006 and the Charities Act 2011, and
considered other factors such as income tax, payroll tax and sale5 tax.
We evaluated management's incentive5 and opportunities for fraudulent manipulation of the financial
statements (including the risk of override of controls). Audit procedure5 performed by the engagement
team included:
Inspecting correspondence with regulators and tax aulhorilies.,
Discussions with management including consideration of known or suspected instances of non-
compliance with laws and regulation and fraud;
Evaluating management's controls designed to prevent and detect irregularities;
Identifying and testing journals., and
Challenging assumptions and judgements made by management in their accounting estimates
8ecause of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstalemenl in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
event5 and transactions reflected in the financial statements, as we will be less likely to become aware
of instances of non-compliance, The risk is also greater regarding irregularitie5 occurring due to fraud
rather than error, as fraud involve5 intentional concealment, forgery, collusion, omission or
misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at.. www.frc.or
-uklaudi
rsres
onsibilities. This description forn15
part of our auditor's report.
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audil work has been undertaken so that we might stale lo the
Company's members those matters we are required to state lo them in an Auditor's report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the Cornpany and the Company's members as a body, f¢r our audit work, for this
report, or for the opinions we have formed.
Lee Stokes
Senior Statutory Auditor
For and on behalf of Hay5Mac LLP, Statutory Auditors
Date..
10 Queen Slreel Place
London
EC4R 1AG
20

WOODFORD GREEN PREPARATORY SCHOOL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES {SOFA: Incorporating an Income and Expendlture accounti
FOR THE YEAR ENDED 31 AUGUST 2024
Total
Unre5trlcled
Funds
2024
Total
UnrBstricted
Funds
2023
Notes
INCOME FROM..
Charltable Activltles
Sthool fees receivable
4,819.190
4,446,264
Registration fees and other Income
285.476
303,091
Donatlons and Grants
4.316
3.306
Oihor tradlng actlvltles
Rental income
1,974
5,966
Investments
74.475
97.844
Total Income
5 185431
4 856 471
EXPENDITURE ON..
Charltable Actlvltles
School'5 operatrons
4.670.585
5,154,132
Total oxpendlture
4 670,58S
5.154.132
NET INCOMEIIEXPENDITUREI FOR THE YEAR AND MOVEMENT
IN FUNOS
514,84e
1297,6611
Fund b¥lances 411 September 2023
4,893.088
5,190.749
FUND BALANCES at 31 Augusl 2024
5 407 934
4 893 088
There were no acquisition5 or discontinued activities during Ihe year. There were no olher re¢ognis8d gains or lo$$es
during the year. There was no re51ricled Income or expenditure In 2023 or 2024
The accompanying notes forrn part ol these financial slalemenls.
21

WOODFORD GREEN PREPARATORY SCHOOL LIMITED
BALANCE SHEET
Company Registratlon No. 00621311
AT 31 AUGUST 2024
Notes
2024
2023
FIXED ASSETS
Tangible assets
2.823,494
2.817,008
CURRENT ASSETS
Debtors
Cash al bank and in hand
92,570
4.447,620
70.352
3 424.440
4.540,190
3,494,792
CREOITORS.. Arnounts falllng
due wlthln one year
10
1,724.550
1,166,812
NET CURRENT ASSETS
2,815.640
2,327,980
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,639,134
5,144,988
CREDITORS.. Amounts falllng due
fier morè than oni yèar
11
1231.200}
1251,9001
NET ASSETS
5 407 934
4.893 088
The funds of the ch8rlly are represented by.
UnrestrlGt•d funds..
General lunds
Oesignaled funds
12
2,535,934
2,872,000
4,475.088
418.000
5 407 934
4 893 088
The accounts were issued and approved by the board of Trustees on 26November 2024 and slgned
on their
all by
MrsGHa
Director
Mr P Kemp8
Director
The accompanying notes form part of these financial statements
22

WOODFORO GREEN PREPARATORY SCHOOL LIMITED
CAspf FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Net cash Inflow from operatlons
Nel cash provided by operating aclivilies
1,198.551
311.618
Cash flows from Investing activitles..
Payments lor tangible fixed assets
Investment income
{249.8561
74,475
1310.7231
97,844
Net cash used In Inv?stlng a¢tlvltl•s
1175,3811
1212.879
Change in ¢a5h and ¢8sh equivalents In the reporting period
1,023.180
98,739
Cash and cash equivalents al Ihe beginning of the period
3,424.440
3.325,701
Cash and cash equivalents al the end of Ihe
reporting period
4,447,620
3.424,440
111 RECONCILIATION OF NET MOVEMENT IN FUND5 TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Nel movement In fund5
Depreaalion charges
Ilncreaselldecrease In debtors
Increaselldecrea$el In eredilors
Inveslmenl Income
514 846
243 370
122 2181
537 038
174.4751
1297.6611
753.242
112,054
11S8 1731
197,8441
Net Cash Inflow from operatlng actlvltle5
1,198.561
311.618
1111 Analygls of cash and cash gqulvalents
2024
2023
Cash
4.447.620
3,424,440
Tolal ¢a5h and cash equlvalents
4.447,820
3 424 440
23

WOODFORD GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
1. ACCOUNTING POLICIES
The principal accounling policies, all of which have been applied consislenlly throughout the year and in the preceding year are.
al Basls of accountlng
The linancial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Slalemenl of
Recommended Practice applicable lo charities preparing their accoun15 In accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland IFRS1021 IChaTilies SORP Second Edition, effective 1 January 20191, the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
The School meets the definition of a public benefit entity under Financi81 Reporting Stsndard IFRSI 102. Assets and liabilities
are initially recognised 81 historical cost or transaction value unless otherwise slated in the ￿levant accounting policy notes.
bl Crltlcal accountlng ludgemgnts and key sources of estlmatlon uncertalnty
In the application of the aecounling policies. Truslees are required lo make judgement, estimales. and assumptions about the
carrying value ol assets and liabilities that are not readily app8renl from other sources. The eslimaleg and underlying
assumptions are based on historical experience and olher factors that are considered lo be ￿leVant. Actual results may differ
The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting esllmales art recognised
in the period in which the eslimale Is revised il the revision aflecls only that period, or in the period of the revision and future
peTiod$ il the revi510n aff&cled current and futu￿ periods.
In the view of the Trustees, no assumptions concerning future or e8tirnats.on uncertainly affe¢ling as$¢l$ or liabilities al the
balance sheet dale are likely lo ￿6￿1¢ in a material adjuslmenl ol their carrying amounts in Iho next financial ye8r.
The following accounting pollcie5 have been applied consislenlly in dealing with items which are considered materi81 in relation
lo the School's financial slalemenls, excepl lor the lacl that it is no longer considered appropriate lo accrue lor teachers, holiday
pay or lo ￿COgnIse a5 a prepayment any lime le¥chers have 5penl in preparing for the following academic year.
cl Golng concern
The accounts have been prepared on a going Concern basis. The Trustees Teview the financial information ltsr the School and
consider whether the School Is 8 going concern for a period of al least 12 months from the dale of approval ol the accounts. The
Trustees have assessed the major risks lo which the School is exposed, in particular those related lo the operations and
finances ol the School. In particular. the Trustees have con51dered the impa¢l ol the imposition of VAT on school fees. the
removal of Business Rale5 relief, the increase in Employerfs National Insurance eonlribulions and the reduction in pupil
numbers. However, through appropriate consideration of ri¥ks as part of its normal risk management processes antJ miligaling
actions both already taken and available lo be taken, the Tru$lees are satisfied thal systems afe in place lo manage the
exp08ure lo the major risks and consider il appropriate for the going coneem basis lo be adopted for the$e account5.
dl SGhool fees recelvable and slmllar Income
Fees receivable and other fees are accounted lor in the year in which the setvice is provided. Fees receivable represent fees
less bursaries and allowance5 and other income deiived from Ihe School's continuing aclivilies.
el Investment Income
Investment income from bank balances and fixed intere51 securities is accounted for on an accrua13 basis.
Q Voluntary sources, grants and donatlons
Volunlaiy income is accounted for as and when entillemenl arises, the amount can be reliably quantified and the economic
bènefit lo the School Is considered probable.
gl Expendlture
Expenditu￿ is accrued a5 500n as there is a ¢onlraclual obligation or a liability is considered probable, discounted lo present
value for longer term liabilities. Expenditure 15 allocated lo expense heading5 either on a direct cost basis or apportioned
according lo time spent. The irrecoverable element of VAT is included with Ihe ilem of expense to which il relates. 8ad debts
a￿ provided for in accordance with the School's bad debt policv.
24

WOODFORD GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
1. ACCOUNTING POLICIES Icontlnued}
h) Penslon costs
During the year. the School participated in three separate pension schemes including the Teachers. Pension Scheme I"TPS"I
which is an unfunded government scheme. which provides benelils based on final pensionable pay, The TPS is a mulli
employer scheme and the funds of TPS are sèparate Irom the ochool. The School withdrew from TPS with effect from 1
Seplember 2024.
I teachers in TPS joined the School's APTIS pension gcheme which is a defined contributions scheme adminisl6red by Aviva.
The School also partitypaled In both defined benelils and delined contribution8 schemes administered by TPT Reiirèmenl
Solutions Limited ("TPT"I. All members of Ihe TPT schemes {non leaching siafn have now 0160 moved lo APTIS.
The￿ 1$ an exil charge payable in connection with Ihe TPT defined benefits scheme. The School Is wailing for TPT'S actuaries
Il Tanglble fixed asset• and depreclatlon
Depreciation Is provided al rates calculated lo wrile off the cost, less eslimaled residual value of each as$ei based on ¢urrenl
market price5. over ils expected useful life. as follows..
Freehold buildings 2Vo slr8ighl line basis
Improvement lo propertie5 . 1 00￿ slraighl line basis
Computer equipment- 25% slraighl line bas15
Fixtures and Iillings - 10% slraighl line basis
Motor vehicle . 25% reducing balance basis
Il Flnanclal Instruments
The School only has Iin8ncial assets and financial Iiabililies ol a kind Ihal qualify a5 ba51c financial Instruments Basic financial
nslrumenls are Inilially recognised al transaction value and subsequenuy measured al their selllemenl value,
kl Debtors
Trade and alher deblofs are recognised al the selllemenl amount due after any Ir4de discount offered, Prepayments are valued
al the amount prepaid nel ol any trade discounts due.
11 Cash at bank and In hand
Cash 81 bank 8nd cash in hand Includes cash and short term highly liquid Inveslmenls.
ml Leaslng commllments
Assets held under finance leases and hire purchase conlracl$ aig capilalised In the balance shegl and are dapr&cial8d ovor their
useful lives or the period of the lease whichever is the shorter. The Interest element of the obligations Is charged lo the SOFA
over the period of the lease Rentals applicable lo operating leases where subslanlially all ol the ben&lils and risks of ownership
remain with the lessof are charged lo the SOFA on a slrai9hl line basis over the lease term. Lease Incentives are aecounled lor
n) Cr•dltors
Credilots and provisions are recognisod where the School has a present obligation resulting from a pa$1 event thai will probably
result In the transfer of funds lo a third party and the amount due lo settle the obligation can be measured or eslimale¢J reliably.
Creditors and provisions are normally recognised al their selllemenl amount afler allowing lor any trade diseounls due.
ol Fund Account8
Unreslricled fund5 are availablp lor use al the discretion of the Truslees in furtherance of the general objectives of the Company
and have not been designated lor olher purposes.
Designated lunds are sel aside by the Trustees for their specific purposes.
p} Taxatlon
The Company is a registered charity and as such is exempt from income lax and corporation tsx under Ihe provisions of seclion
478 01 the Corporation Tax Act 2010. There Is a similar exemption lor VAT. which Is Included in expenditure or in Ihe cosl of
25

WOODFORD GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
Note 2 FEES RECEIVABLE
Total
2024
Total
2023
Fees receivable consists ol
Gross fees
Less.. Assisted places and staff concessions
4,994,601
1175.411}
4,557,643
1111,3791
4,819,190
4,446,264
Note 3 REGISTRATION FEE AND OTHER INCOME
Total
2024
Total
2023
Registration and other lees including initial deposits forfelled
Sundry income
Clubs Incom8
93,049
34.845
1 $7,582
285,476
132,784
24,912
145,395
303,091
Note 4 INVESTMENTS. BANK AND OTHER INTEREST
Total
2024
Total
2023
Bank interest
Interest on late fees
73,312
1,163
97,844
74,475
97,844
26

WOODFORD GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
Note 5 ANALYSIS OF EXPENDITURE
al Total expenditure
Staff eo$
Inole 61
Depreciation
Inole 81
Other
Costs
Total
2024
Charitablè expendlture
Teaching
Welfare
Premises
Proie¢l R.Ed
School admini51raknon and governance
2.369.856
50,178
101,350
868,777
377,697
34.694
3,238.633
427,875
379,414
243.370
455,371
169.292
624.663
Total expendlturè
2,976.755
243,370
1,450,480
4,670,585
Support costs, ineluded within Other costs. are allocated on the basis ol slafl headcounl.
bl Governon¢e Includod In sUPPOrt costs
2024
2023
Remuneration paid lo auditor for audit services lex¢luding VATI
Remuneration paid lo auLlilor for non_audil services (excluding VATI
15,300
1,900
13,900
1.725
15.625
PRIOR YEAR
Other
Costs
Total
2023
Slafl costs
Doprecialion
Charltable expendlture
Teaching
Welfare
Premises
Project R.Ed
School admin151ration and governance
2.369.463
50 170
101,333
853,304
370.971
34.075
3.222 767
421.141
338.721
549.929
621,574
203,313
549.929
455.295
166,279
Total expendlture
2,976,261
753,242
1,424,629
5,154,132
27

WOODFORO GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
Note 6
STAFF COSTS
2024
2023
The gggregatè payroll costs for the year were..
Wages and salaries
Social security costs
Pension costs
2,339,144
247.777
389,834
2,354,019
246,986
375,256
2,976,755
2,976,261
2024
2023
Total amount ol employee benelils (including employer pension
¢onlTibulionsl of key mana9emenl personnel..
303.916
228,170
The number of higher paid employees whose annual emoluments were £60,000
or more was
2024
No
2023
No
£70.001- £80.000
£90,001- £110.000
The average number ol employees during the yaar were.,
2024
No
2023
No
Teaching
Office and non-leaching slalf
53
53
62
64
Note 7
TRUSTees
None of the Trustee5 lor any persong Connected with them) received any remuneration during the current or
prèceding year,
28

WOODFORD GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
Note 8 TANG18LE FIXED ASSETS
Freehold
land and
Property
bulldlngs Improvements
Flxture
and
fittlngg
Computer
equlpment
Total
Cost
Al 1 September 2023
Additions
4.266,456
1.012.774
1 $2.256
811,850
22.174
596.382
75.426
6,687.462
24g.8S6
AI 31 August 2024
4 266.456
1.165.030
834 024
671,808
6.937,318
Depre¢latlon
Al 1 September 2023
Charge for the year
2.201.407
85,664
505.244
82,176
603,727
31,708
560,078
43,822
3,870.454
243,370
Ai 31 August 2024
2,287,071
587 420
635.435
603,898
4.113.824
Net Book Value
Al 31 August 2024
1,979.385
577.610
198.589
67,910
2.823,494
Al 31 Augusl 2023
2.065.049
507,530
208,123
36.306
2,817.008
29

WOODFORD GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
Note 9
DEBTORS
2024
2023
Fees receivable
Prepayments and acwed income
Other debtors
24,969
67,801
1,326
29,779
39,247
92,570
70,352
Note 10 CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
2024
2D23
Fees In advance and Depos11$
Trade creditors
Accruals
Other lax and social security
Other Creditors
1,587,079
8,536
41,381
56.595
50.959
1,724.550
1,069.914
22,194
25,933
48,771
1.166,612
Note 11 CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR
2024
2023
Deposits
231,200
251,900
231,200
251,900
30

WOODFORO GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
Note 12 TOTAL UNRESTRICTED FUNDS
Balance
1 September
2023
Transfer$
between
funds
8alanco
31 August
2024
Income Expendlture
General fund
Unresliicled General fund
4.475.088
5.185.431
4 366.638
2.757.S47
2,53S,934
Deslgnatgd funds
Norah K Read Assisted Places
Fund
Means Tested Assisted Places
Fund
Eslale Development Fund
Suslainabilily Fund
Parent (VAT Support) Fund
Hawkey Hall Contingency Fund
Powei Upgrade Fund
Pension Exil Fee Fund
18000
113,6351
13.635
18,000
150.000
250.000
195,4451
1194,8671
95.445
434,867
480,000
2SO,000
1,000,000
264,000
220,000
2,757.947
150,000
490,000
480,000
250,000
1,000,000
264,000
220,000
2.872,000
418.000
303,947
4,893,088
5.185,43
4 670 585
5 407 934
TOTAL UNRESTRICTED FUNDS
(PRIOR YEAR)
Balance
1 Saptgmber
2022
Transfers
between
funds
Balance
31 August
2023
Income Expèndlture
General lund
Unreslncled - General lund
3.772,749
4.856,471
4 281423
127.291
4,475 088
Deslgnalod lunds
Norah K Read A$$1518d Places
Fund
Means Tesle(J Assisted Places
Fund
Development Fvnd
Project R.Ed Fund
18.000
18.000
150000
250.000
1.000.000
1418.000
166 8681
1255 9121
549 929
872 709
66.868
255912
450 071
127291
150,000
250,000
418,000
5 190 749
4856471
5 154 132
4 893 088
The Norah Read Assisted Places Fund leslablished In memory ol the School'5 founder) exists lo provide means
lesled assistance lo parents ol pupils already attending the School who experience a change In their financial
circumstances,
The Means Tested Assisted Places Fund was established lo provide means lesled assistance wilh fees lor pupils
allending the School from the September following their 7th birthday.
The Estate Development Fund has been established In order lo allocate financial resources lo medium term
property Improvernen15 Including Iixlures and fitting5.
The Suslainabilily Fund w05 established lo covei the anliapaled costs of the School's planned nel 2ero policy.
The Parent IVAT Support) Fund wa5 established lo try Io Teduce Ihe impacl of the Imposilion of VAT on school
fees from 1 January 2025.
The Hawkey Hall Contingency Fund was established lo cover a potential acquisition of land on the Sir James
Hawkey Hall sile.
31

WOODFORD GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
Note 12 TOTAL UNRESTRICTED FUNDS {contlnuedl
The Power Upgrade Fund was established in order lo cover the cost of a new generaior or power Slalion lor olher
P¢)wer source) needed lo meet Ihe School's power supply reqU1￿mentS.
The Pension Exit Fee Fund was established to eover the anticipated e￿1 fee on leaving the TPT Scheme.
Project R.Ed is no longer being considered by Governors and therefore all costs a880cialed with this Project were
wrillen off during 2022123.
There will be no fund$ allocated lo this project for future years.
32

WOOOFORD GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNT5
FOR THE YEAR ENDED 31 AUGUST 2024
Note 13 FINANCIAL COMMITMENTS
Al 31 August 2024 the charity had lolal eommilmenls under non-cancellable operating leases for plant and
equipment a5 follows
2024
2023
Operating lease expenditure falling due.
Within one year
Be￿een one and five year5
22,023
27,400
16,060
23,581
49,423
39,641
Note 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tanglblg
Ilxed assets
Not current
assets
Long-lerm
credltors
Total
2024
General funds
Designated lunds
2.823,494
156,3601
2.872,000
1231,2001
2,535,934
2,872,000
Total funds
2,823,494
2,815,640
231,200
5,407,934
ANALYSIS OF NET ASSETS 8ETweEN FUNDS. PRIOR YEAR
Tanglble
Ilxed a88gts
Net current
4¥8el8
Long-term
redltors
Total
2023
General funds
Designated funds
2.817,008
1,909.980
418 000
1251.9001
4 475.088
418,000
Tol81 lunds
2.817 008
2.327.980
251 900
4 893 088
Note 15 ReLATED PAR TY TRANSACTIONS
During the year Tru51ees Incurred travel expense5 Of £13312023. £191.
There were no olher related party transactions in the current or preceding year.
33

WOODFORO GREEN PREPARATORY SCHOOL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
Note 16 PENSION COMMITMENTS
During the year, the School participated in Ihree 5eparale pension sehemes including the Tea¢hers' Pension
Scheme I'TPS I lor ils leaching staff. The pension charge lor the year includes pension conlribulions
payable lo the TPS of £340,76412023- £373,054). There are land were In 20231 na year end charges.
The TPS is an unlunded government scheme. which provides benefits based on final pensionable pay. The
TPS is a mulli employer scheme and the funds of TPS are separate from the School. The School withdrew
from TPS with effect Irom 1 September 2024,
All teachers in TPS joined the School's APTIS pension scheme which is a defined contributions scheme
administered by Aviva,
The School also p8rticipaled in both defined benefi15 and Lsefined ¢onlributs'ons schemes administered by
TPT Retirement Solutions Limiled I'TPT'I, All members ol the TPT schemes (non teaching slaffl have now
also moved lo APTIS.
There is an axil charge payable in connection with the TPT delined benefits s¢heme, The School is wailing
for TPT'S actuarie5 to determine the charge bul il is eslimaled lo be in excess 01 £200.000. The School has
created a designaled fund lo cover the anticipaled charge.
34