Aldwickbury School'Trust Limited
(A Company Llmit•d by Guarantee)
Incorporated In England and Wales No. 950339
Registered Charity No. 311059
GOVERNORS. REPORT AND FINANCIAL STATEMENTS
For the year ended
31 July 2024
*AE7YII)RE•
3110712025
COMPANIES HOUSE.
A10
#46

ALOWICKBUR Y SCHOOL TRUST LIMITED
(A Charltablo Company Llmltod by Guarant?e)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENOEO 31 JULY 2024
TRUSTEES
The Governors of Aldwickbury School Tnjsl Ltd (the School) are the School's charity truslees under
charity law and th6 direclors of Ihe charilable company. The Governing Body members who served in
office as Govewnors during the year are detailed below.
Dr R.L. Axworthy, Ph.D.. B.A.
Mr P. Barr, MA B. Ed
Mr J. G, Brornfield, M.B.E.. B,A.. P.G.C.E (Chair)
r C. Boolhby, 8S¢ (Econ)
Mrs T Chasmawala LLB {Hons)
IAr A.D. Coley
Mrs R.K. Cooke, 8,A.
Mr C. M. Dinwoodie. L.L,8., M.8.A.. A.C.l.I,
Mrs C Dugmore, ACA '
Mr J. Hodgson, B.A.
Mr G Howe 8.com
Mf J Lewis 8,Ed (Hons)
Mrs J Lumsden, B.Ed (Hons) P.G.C.E 4
Mr S Mumford MA (Hons) ',
Mr B Tolman MSC. BA (Hons). FRGS, FRSA 8
1.2.4J
3,3
1 Member of the Finance and Gener81 Purposes Commillee
2 Member of the Norninalions and Govem8nce Committee
3 Member of Ihe M8rketing Committee
4 Member ol the Remuneralion Cornmillee
S Member of the Education Committee
Durlng the year the activilies of the Goveming Body were carried oul Ihrough five commiiiees.
The membership of these commitiees is shown above for each Governor.
OFFICERS
Mr P J Syrnes Bsc (frlons). P.G.C.E
Bursar and Clerk to the Govefnors.: Major (retd) I S McLaughlin MSC, Cmgr FCMI
PROFESSIONAL ADVISERS
Bankers;
Barclays Bank PLC
West Hertfordshtre Business Banking Team
PO Box 87
22-24 Upper Marlborough R08d
St Albans
Hertfordshire
AL1 3HJ
Auditors:
Moore Kingston Smith LLP
9 Appold Street
London
EC2A 2AP

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charitable Company Limited by Guarantae)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
The Board ol Governors present thelr Annual Report for the year eDded 31 July 2024 under the
Companies kt 2006 and the Charities Acl 2011. consisting of the Directors. Report and Strategic
Report under the 200 Act, logether with the audited financial statements for Ihe year.
DIRECTORS, REPORT
CONSTITUTION ANO 08JECTS
Aldwickbury School Trust Ltd is a charitable company founded In 1969. Ils charlty registration
number Is 311059, and Its company registration number Is 950339. The liability of its rneMbe￿ is
limited to a maximum of £1 each by 9U8rantee. The Registered Office and principal address of
the Company is Wheathampslead Road. Harpenden, Hertfordshire, AL5 1A0. The Company is
governed by ils Artlcles ol Assoclatlon.
The Objecls ofthe Company, in acoordance with Its Articles of Association, are primarlly to carry
on a school and other educational activities and to promote the fundamental principles of the
Chrislian Religion. In the furtherance of these Objects, the Directors, as ihe charily trustees, have
complied with the duty In s.17 of the Charities Act 2011 to have due regard Io ihe Charity
Commission's published general and relevant sub-sector guldance concerning Ihe operation of the
Public Benefit requirement under Ihat Act.
AIMS. OBJECTIVES AND ACTIVITIES
Aim6
The School's aims are..
To maintain the School as a day school with (zsualboarding opportunities in the upper
years, in which there are strong and active partnershlps belween pareftis and the
School and between the local community and the School.,
To offer all pupils a range of opportunities so that they can achieve to the best of Iheir
ability within a framework of the shared Aldwickbury Values and Slandards;
To value and nurture pupils as individuals, giving them a sense of their own self-worih
and of Ihe value of service lo others, thu5 preparing them for life beyond Ihe School.

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charitable Company Llmlted by Guarantee)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
Prlmary obJ•clives
The primary objectives of the School to fulfil these aims are:
To provlde high st8ndard8 of teaching so that all boys achieve their polenllal:
To encourage the boys to become independani learners. able lo think for themselves;
To provide a broad and balanced curriculum from which all boys will enjoy and benefit;
To provlde opportunllies for the boys to Ilvo out the Aldw¢kbury Values, which are
broadly based around the Christian Faith and its values. developing them as their own.,
To encourage the boys to lake full advantage ol every opportunily presenled to them;
To creale an outward-looking community, including boys, staff, parents and govemors,
where mutual respect is encouraged and expected.
These objectives are set out in the School's Strategic Plan, within six slrands 85
follows..
Strand l Building on current strengths
Strand 2 Promoting outstanding teachlng and learnlng
Strand 3 Promolion of the extra-curricular provision and the extended day aGllvities
Strand 4 Using ICT for teaching. learning, administration and cornmunicatlon
Strand 5 Enhancement ol comrnunity links
Strand 6 Provide business resilience and Continuity that ensure5 the School can operate
withoui disruption
The Governors in partnership with the Head, Senlor Management Team (SMT> and the staff, are
confident that wilh strong adherence to these objectives, Aldwickbury will deliver a curriculum that
acaderni¢ally Ghallenges the boys 8t all levels; a school that has a gr0￿h mindsei io education
and is forward thinking in its approach to Ihe future of educationlemployment. It also aims lo
provide an environment Ihal will open the boys, eyes to the wider world outside the Aldwickbury
community, a focus on ils charitable obligations and an eye on the seclor challenges so thal it
can rea￿ appropriately in advance withoul disruption to education and remain a going concern.
Finally. a school Ihat aims to produce 'good people,.

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charitable Company Llmlted by Guaranteè)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
GOVERNANCE AND MANAGEMENT
Governlng Body
The Govefnors have a range of skills relevant lo the governance of the School. including, for
example. in education. business. law. finance. property and planning. In considering new candidates
for appointrnent lo Ihe Board. the Nominations and Goveinance Committee is mindful of Ihe skills
needed lo complemenl existing board rnembers, skills which are subject to annual review and audlt.
All candidates meet with the Governing body. (he Head and Bursar, and are inteNiewed by the
Nominatlons and Governance Commitiee before nominalion to Ihe Board,
Governor training
New Governors are subject lo regulated safeguarding checks that include an enhanced disclosure
barring service check, DireGlors check and Section 128 check. A comprehensive inductlon is Carried
out which covers the workings of the School and of the Company as a r8gislered Charity and
includes the obligations outlined by the Charilies Cornmisslon. strategy. policies and procedures.
This is supplemenled by an induction pack Ihat contains a copy of the Articles of Association, Terms
of Reference and an inlroduction lor School Governors from the charities commisslon, used as a
reminder of their duties and responsibilities.
All Governors conduct tralning as requlred which is identified annually as part of the skills audlt or as
deslgnated to enhance their role as a Governor within Ihe School. Safeguarding tfaining is
mandalory for all Governors and conducted on appointment and is refreshed annually. Where
specific training is undertaken.11 is arranged via seminars and workshops organised externally by
specialist providers SUPPOrted by the School's membership of the Association of Goveming 8odies of
Independent Schools {AGBIS). An annual Strategy Day Ihat focuses on Aldwickbury and its prlorities
for the future Is arranged by the Chair, in consullation with the He8d and the Clerk. This is supported
by strategic speakers and workshops that locus the board on their duties as governors in the context
of both the economic environment and the School's 8spSrations and obllgations.
Organisational Management
The Governors meet regularly as required through a variely of commillee meetings, school
visils, and formally, the full Board meets al least three limes a year to determine the general
policies of the School and lo review its overall management and control for which Ihey are
sponsible. Oversighl of Ihe School's finances is provided by the Finance and General Purposes

ALDWICKBURY SCHOOL TRUST LIMITEO
(A Charltablo Cornpany Llmited by Guaranleo
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
Comrnittee, Chaired by Dr R.L. Axworthy. which meets four ttmes a year. at the starf of each year and
then. ahead of each meeting of the full Governing Board. The Marketing Committee, chaired by Mr
C. Boolhby, meets at least three times per year and oversees the slralegy of 811 marketing 8Ctivities
within the School, with the aim of ensurin9 a coherent and focused whole School Marketing Policy.
The Nominations and Governance Cornmiltee, chaired by Mr& R Cooke, meets as needed: usually
three limes a year with the primary purpose of ensurlng good governance Induding succe5sSon
planning, Govefnors Skills and compliance. Th8 Educalion Commillee, chaired by Mr P Barr, meets
three times a year overseeing the educational policy of the School and receives feports on initiatives
and developments Irom the Head. SMT and relevani members of Ihe st8ff.11 also has Ihe
responsibility for oversight of the School's safe9uarding policies. the importance of which is
highlighted by the appointment of a safeguarding governor. Mr J Lewis. who is a member of the
committee. The committee also works closely wllh the Designated Safeguardlng Lead and Ihe Head
to focus on an independent safeguarding audit annually.
The day-to-day managernenl ol the School is delegated to Ihe Head and the Bursar, who involve the
SMT in delivering the services provided by the School, and together this group comprises the key
management personnel. The Head and Bursar attend all Governing 8ody and Committees meetings
as required. Other members of the SMT are invlted lo specific meelings as requlfed.
Remuneration Pollcy
Staff remuneration is determined by the Board on the recommendation of the Remuneration
Committee (in consultation with the Finance and General Pufposes Commltlee). The Remuneralion
Committee alms lo provide an appropriate salary. benchmarked against Ihe sector, mindful of the
recommendations rn8de by Ihe School Teachers. Review Body (STRB). The Remuneration
committee is able to offer recornmendations Ihal they feel appropriate to reward staff for their
contribution and is competitive enough lo attract Ihe best staff thal will inspire the boys and evolve a
currlculum. The remuneration of Ihe SMT is agreed by the board based on the recommendation of
the Remuneration Comrniltee in isolation, which in maklng lis recommendalions. takes note of
national benchmarks and the responsibililies of each member. The appropriateness and relevance of
the rernuneralion policy is reviewed annually.

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charltable Company Limited by Guarantee)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JUL Y 2024
Structure and Relationshlps
The School does not have any subsidiaries, norls it a subsidiary of any other enlity. The School
retains its membership of various sector specialist bodies th81 support Governance. Education,
Boarding and Business decisions along with trainin9, seminars and webinars that enhance the
school's skills. knowledge and experience. The Head is a member of Ihe Independent Association of
Prep Schools (IAPS) which exists for the promotion and maintenance ol preparalory school
slandards generally. The School is a member of the Independenl Schools, Bursars. Associ8tion
(ISBA). lo support business, support and administrative functions of the School., the Admissions,
Marketing and Communications in Independent Schools {AMCIS), for support and the development
of buslness management; the As60¢ialion of Governing Bodies ol Ind8pendenl Schools (AGBIS) for
Ihe promotion and support of good governance: and the 8oardlng School Associaiion (BSA) for
boarding matters,
The School co-operales and works with local charities and education81 esiablishments in Ils ongoing
endeavours io widen public access to the schooling provided, optimise the educational use of all
facilities, develop access lo cultural facililies 81 the School and awaken its pupils to the opportunllies the
School offers while givin9 them an awareness of the wider social context of the educalion received al
the School.
Employment pollcy
Aldwickbury actively encourages diversily in staff, pupils and in the curriculum. The School is
commilled to equality, diversity and inclusion as part ol Ihe staff recruitment process, which is
governed by Ihe School's principle of non-dis¢riminalion. All recruitment needs are scrutlnlsed to
agree Ihe need still exisls and then follows a process that best matches knowledge, skills,
experience. characler and the requirements ofthe vacant post. Importance is placed on the Schoofs
values, and all candidates are made awa￿ of the expectations of our siaff through the interview
process. Internally, this process is managed by the Head of Human Resources who ensures that the
appropriate Steps are followed lo ensure that the process is fair and transparent. The School uses an
electronic recruiting plafform thal ensures accurate records are kepl along with an impartial plarform
Ihal 8IIows online and face-to-face screening ahead of shortlisling. The following criteria are
considered in the selection of a candidate:
The capabilily of Ihe individual lo perform in the posilion is Ihe major selection criterion but the
ability both to work wllh olhers and to be trained, Coupled with individual potential, is taken inlo
account.

ALDWICK8URY SCHOOL TRUST LIMITED
(A Ch•rltable Company Llmlled by Guarantea)
ANNUAL REPORTOF THEGOVERNORS
FOR THE YEAR EhlDEO 31 JULY 2024
Applicants are dealt with courteously and as expediliously as possible.
Carefully selected and validated skills which. when required, are measuod through a variely
of assessments, including 'in-tray' exercises, scenario-based questions and, when
appropriate, P5ychomelric tesls {adminlstered by a Irained tester).
Appointmenls are conlirmed on receipt of satisfactory references. DBS (enhanced) checks
{and. Whe￿ applicable, a check of the prohibition order), evidence of mediGal fitness and
satisfactory compleiion of a probationary period.
Recrullmeni and employment decisions are made based on fair and objactlve crlleria.
Selection procedures are carelully documented and are subject to review from time lo time to
ensure Ihey a￿ appropriate for achieving the school's objeclives and avoiding unla￿1
discriminalion.
Interviews are conducted objectively; personal, or home commilrnenls do nol form the basis ol
employment decisions, Every effort is made lo accommodate each candidate's requirements
Ihroughoul the process.
Aldwickbury fecognises and encourages all employees, rl9ht to equality of opportunilies.
8reach of Ihe equal opportunilies policy is a serious disciplinary rnaller and will be dealt with
under Ihe School's disciplinary procedure at the most senior level in Ihe firsl instance. Annual
Equalily, Diversity and Inclusion trainlng is provided to enable employees to Implement and
uphold our commitmenl lo equalily of opportunity,
All etnployees are glven their own copy of the siaff handbook leilher physically or by rnaking it
available online), which contains all employmenl policies, including the School's Harassment
and Bullyin9. Equality. Diverslty and Inclusion, Complaints and Viihislleblowing policies.
These pollcies are reviewed annually. and addition81 employment policies are inserted as
required.

ALDWICKBURY SCHOOL TRUST LIMITED
IA Charitsble Company Llmlted by Guaranlee)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
STRATEGIC REPORT
MISSION STATEMENT
The School's principal activity conlinues to be devoled to its objects as a charitable company
for educational purposes by educating boys from 4-13 years of age. The 8oard's main
objective is to educate all the School's pupils to as high a standard os Ihe individual's
potential will allow in both academic and non-academic areas.
STRATEGIES TO ACHIEVE THE PRIMARY OBJECTIVES
To aGhleve the maln oblectlve of educaiing boys to as hlgh a standard as posslble,
8ignificanl investment continues lo be made in the School's facililles for educalion, the high
quality teachers and in activities that continue to stimulaie leaming opportunities that benefil
the boys in the School.
ACHIEVEMENTS AND PERFORMANCE
Review of achievements and performance for the year
Thls year has seen continued growlh, both In lerms of facililies and pupil development,
alongside further recognition of the school's outstanding educational offering.
The school's commitment to providing an exceptional education Is evident in the ongoing
Investment In facilllles. co-curricular acllvilies, and partnerships Ihal enhanGe the boys,
learning experience. The academic year ha5 been marked by impressive results and
focus on gr0￿h and development. From September 2024. all boys from Year 6 will be
equipped with Microsoft Surface Pros, reflecting our comrnllment to preparing them for an
ever-changing digilal world. Our Etafl have undergone comprehensive Iraining to support th8
roll-out of a blended leaming prograrnme, which will further strengthen Ihe academic
curriculurn. This initiative will ensure our boys are leaders in digital literacy as they move on
lo their chosen senior schools.
Aldwickbury continues lo thrive in its co-curricular offerings. with standout achievements
across drama, music. and sport.

ALDWICKBURY SCHOOL TRUST LIMITED
{A Charltable Company Limitod by Guaranteo)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
Drama and Music: Our performing arts programme continues io engage over 350
boys weekly, with the Year 6 and Year 8 productions drawing full audiences to
Chidell Hall. These performances showcased the boys, talents and the excellent
work of our drama and music departments, reinforcing the importance of creativity
and expression In a well-rounded education.
Sporting Su¢¢ess: The new Sports Hall has allowed us lo expand our range of
sports. increaslng participalion and supporting both competilive and recreational
activities. Aldwickbury has seen national success for the second consecutive year,
achieving hi9h-level results in athletics. Iriathlon, fencing, badminton. and cricket.
This year, we have once again built on lasl years county cricket success, securln9
medals at nationa1 events, includlng national lilles in fencing. furlher cementing the
school's reputation for sporting excellence. Our approach remalns focused on mass
particlpallon. ensuring that all boys have Ihe opportunily to benefil from the physical
and mental wellbeing Ihal sport provides, with a depth of fixtures and a wide variety
of sports on offer.
The dedication and expertl88 of our staff remain one of Aldwickbury's g￿atest strengths.
This year, staff retentlon has been excellent, 8 testament to the positive worklng
environmenl and professional developmenl opportunities we provide. Our locus is on..
Ignltlng Passlon in Teachlng and Learnlng: By encouraging a love lor leaching
and loslering a culture of conlinuous improvement, we ensure that siaff remain
engaged and molivaled. Our Siaff have a positive impact on the boys across 811 age
ranges.
Strong Communlcation: Open and regular communicalion between staff, pupils,
and parents IS 8 cornersione of our success. This ensures that all st8keholders are
aligned In working towards the besl outcomes for our boys.
Extensive Hospltality: Our staff go above and beyond lo creale an exceptional
experience for pupils 8nd p8rentS 81ike, consislenlly exceeding expectalions. There
are many examples of Ihis IhrDughoul the academSc ye8r.
Kaizen (Continuous Improvement): Through reflective practice and professional
development, we maintain a commitment to kaizen, ensuring the school conlinues to
evolve and improve in every area. The leadership team continues to seek ways they
can support Ihe staff lo Improve the offer.
Holistic Eqlu¢4t•on: We remain Iocu5ed on delivering an education that nurture5 nol
only academic success but also the pefsonal, emotlonal. and physical development
of every boy. We Iruly believe that academic success at the highest level can be
achieved through this approach. The boarding school mod81 and longer school days
10

ALDWICK8URY SCHOOL TRUST LIMITED
(A Charitable Company Llmitod by Guarante0}
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
also increase academic leaching time and allow the school to deliver reading
periods, drama, arts, technology, music, study skills, and sport, all as part of the main
Curriculum.
For the second consecutive year. Aldwickbury has been named a finalist in Ihe Independent
School Awards for Best Boys, School. This recognition is a testament to the outstanding
curriculum we deliver and the strength of our overall brand. The success of our marketing
strategy. Sed by our Head of Marketin9 in collaboration with the leadership team and
teaching Staff, has played a crucial role in raising the school's profile and attracting new
families. Our ability lo showcase the excellenl work being done al Aldwickbury ha5 ensured
that the school continues to stand out In an increasingly competitive market.
This year. our Year 8 Leavers are heading lo the following schools:
St Albans 13
Bedford 13
Haileybury 2
Harrow 1
Berkhamsied 1
Oundle 1
Sl M8rg8ret's 3
St Edmund's 1
St Columba's 1
Culford 1
Overseas 1
This year. 13 boys in Year 8 were awarded scholarships, including 6 academic. 2 sport, 2
drama, and 3 art scholarships. Notably, Ihese achievements were secured without the
presence of a designated 'scholars' class. reflecting our commitment lo fostering a growth
mindset. Every boy is encouraged to reach his full potential in a supportive and challenglng
academic environment. Our decision lo remove Ihe traditional scholarship class in favour of
mixed.ability leaching h8s continued to yield excellent results. demonstrating that 811 boys
can achieve al the highest levels with the right support and encouragement. The emphasis
has been placed on 'teaching to the top,.
In other year groups, the early entry lesi results were very pleasing. St George's,
Harpenden. continues to be a destinalion of choice lor leavers, al 11 + and other local senior
schools were 8 consideration for parents. The School wished these boys well. with leavers
gifts as a show of thanks lo those families who have supported the School for seven years.
However. while wishing boys well, the aim is to conlinue strengthening the Year 7 and 8
offering to retain boys at 11+ The School entered Ihe 2023124 academic Year with 47 boys

ALDWICKBURY SCHOOL TRUST LIMITED
(A Chzritablo Company Limited by Guarantee)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
in Year 7. a iecord number demonstrating ihe outstanding educallonal offer available to the
boys at Year 7 and 8.
Pupil numbers
The demand for places al Aldwickbury remains high, particularly in Years 7 and 8, where
numbers are 8t record levels. this demonstfates the outstanding curriculum now on offer in
the senior part of the school and the inveslment in facililies to provide the boys with two
brand new science labs, a computing suite, and a STEl*h room. However, we have faced
challen9es in Ihe Pre-Prep due lo growing anxieties around the potential implemenialion of
VAT on school fees. Thls has led lo a small reduction In Pre-Prep sign-ups. and as a result,
we will be9in the 202412025 academic year wilh hvo classes instead of the usual three.
This is Common 8cross Ihe independenl sector and colncides with a low birth rate In the
area. We are carefully monitoring Ihis sltuation and exploring strategies lo mitlgate its
impaci while maintaining ihe quallty of our provislon.
Numbers
Asai
July
2024
111
274
Asat
July
2Q23
106
286
Pre-Prep IRe¢eption - Yr 2)
Main School (Yrs 3-8)
Total pupi15
Slt• developm•nt
A usually busy summer schedule was centred on delivering a Sclence, Technology,
Engineerin9 and Maths (STEM) hub adding much needed space to accomrnodale the
evolving Fulure Thinking curriculum, This new facilily provides two fully equipped science
labs, a modern ICT suite, and a mulllpurpose space for STEM and creative technology
aclivities. Boys from Year 3 upwards are now benefilting frorn praclical, hands-on science
lessons, reinforcing our commilment lo embedding a culture of curiosity and innovation
from an early age. a dedicated Information, Computer and Technology (ICT) classroom
and an adaptable Fulure Thinking classroom. 81ong with a space for LAMOA helped to
locus the curriculum and ignite the passion of all the boys.
Along side Ihe inslallalion of new classrooms we spent time lo refurbish and redecorate the
Boarding house lo create a home from home atmosphere for Ihe boys. The decision lo
dedicate each room lo a Iheme which regular boarders chose was a highlight of the project.
12

ALDWICKBURY SCHOOL TRUST LIMITED
(A Chafitable Company Limited by Guarantee)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
This is further strengthened by the oulstanding work of the boarding siaff who continue to
approach boarding with passions and enthusiasm creating an environment where the boys
flourish and posltively impactin9 on their all-round education,
The culmination of our summer scheduled works was the newly developed outdoor play
area in Pre Prep which has proven lo be a wonderful asset. promoting 'free flow, play year-
round between indoor and outdoor learning environments. This addition enhanGes the
overall Pre-Prep experience by providing a stimulating enviconmenl where boys can
explore and develop their physlcal, social, and crealive skills in line wilh our holistic
educalional approach.
Early in the Autumn term we were able to complete the much anticipated climbing wall in
the sports hall. This was somelhing that we had hoped to deliver when the sports hall w85
completed however, we decided that we wanted lully to Integrate the Sports hall into Ihe
school before iaking il offline to install a climbing wall. We feel Ihis is the crown in what we
think is a sports hall thal would riv81 most senlor schools and has already seen boys
develop their climbing and bouldering skills. enhancing ihe sporting and co-curricular offer.
The Summer academic term was focused on our one-to-one device launch lo the boys.
Delivery of 150 devices to our year 6, 7 and 8 boys was a sizable task. The support of the
parents and the dedication of Ihe staff involved was immense and we feel it has truly
8slabllshed new technological ways of working and learning across all year groups.
Throughout Ihe year however we continued investing in the classrooms and upgrading and
updaling the estate. We remain true lo our ethos of modernising and freshening Ihe estate
which are the drivers In deciding our prolect prlorilies this year and In future years.
Summary of the year
The 2023-2024 academic year has been one of notable growth and achievement for
Aldwickbury School. Despite external challenges, our comrnllmenl to providing a stimulating
and supportive educational environmenl has enabled us to thrive. With continued
investment in facilities. enhanced academic and co-curricular programmes, and the
dedication of our staff, we are well-equipped to inspire our boys for future success.
13

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charilable Company Llmlted by Guarantea)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
PUBLIC BENEFIT
At Aldwickbury, we place great emphasis on our charitable status. which is a fundament81
part of our ethos. We have continued to expand opportunilies to enhance public benefit and
deepen our engagernent with Ihe community. Our Strategic vision is rooted in our Christian
values. as Aldwickbury is designaled as 8 Church of England School by the Department for
Education. Public benefit allows us to align our faith, community Outreach, charitable work,
and educational purpose in a unified and meaningful way.
The Governors are fully committed to meeting the requirements of the Charilies Acl 2011,
ensuring that Ihe School's objectives serve the public good. Throughoul the year. they have
fulfi118d Iheir legal obligalion lo consider the Charlty Cornmission's guidance. especially on
advancin9 education and the appropriate use of fees, to ensure compliance with public
benefit expectations and their responsibllities as Iruslees.
As a charily, the School's Income is dedicated to educational purposes. and currently. tax
exemptions apply to aclivilies Ihal support our charitable aims. The financial savings from
these tax exemptions are feinvesled into the S¢hool lo lurther educatlonal objectlves,
including the provision of bursaries. However, as 8n educational charity, the School is
exernpt from VAT at Ihis point, meaning we cannot reclaim VAT input lax on our costs. This
Is sel to change with Ihe imposed VAT on independent educalion announcarneni made by
the new Government. The Governors recognise the pressure this will place on their ability to
meet charitable obligations and they may need to review where Aldwickbury can continue lo
support public benefil in order to ensure that the School ¢an meet lis costs.
Widening access: Bursaries
The School's fees are sel al a level agreed by the board in order to faGilit8te and promote
education, invest in stale of Ihe art facilities, adopt a continual attitude of improvement in
exisling infrastructure, conlinue to widen educational opportunities and attract the best staff
that will continue to inspire learning. However, il is important to the School. that the
education offered is nol reslricled only to those who can alfor4J to pay fees, and thus, Ihe
School's 8ursary Policy contribules lo a widening of access lo the education the School
offers and the facilities available, The Governors continue lo review the School's Bursary
policy in order to ensure that children are able lo accept places offered at the School. even
if they are unable lo afford the fees. The availability of bursaries is publicised widely in all
14

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charltable Company Llmlled by Guarantee)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
adveriisements on ihe School website and in other rn8rketing malerial. The S¢hoDI does
not have an endowment fund, so it musl also ensure a balance between fee-paying parents,
many of whom make considerable personal Sacrifices to fund their children's education. 8n(J
Ihose benefitting from the awards.
All bursary applications are considered Ihrough a means-lested report supplied by a third-
parly service provider however. great importance Is plac8d on the boy; his ability and Ihe
opportunity that thls place would offer him, the contribution of Ihe family to the School and
our charitable obligations. The Head and the Bursar consider the reporl and rnake
rècommendations to the Governors to offer support to those deser¥ing families. The level
ol support varles and can be up to 100% of fees which is always justified to, and approved
by the board, All bursaries are reviewed annually and. where appropriate, further
recommendalions are then made and approved by the board. Ouring this period, s8ven
granis were in place during the year (one 8l 1000/0), of supporl. (2022123.. seven granls of
which Ihree 8l 1000/0).
The Governors allow Ihe Head and eursar lo offer short term hardship support to families
who encounter lernporary dlfficulty. At all times. this decision is made at a level that
ensures fees are met and follows a principle to minimise any dlsruption to Ihe boy. The
Head and the academic team work closely with the Bursar and finance team to identlfy any
potential problems, encountered by parents, and through a strong relationship built on trust
and understanding. the Bursar and Hearj are able to work with lamilies to ensure the
onllnuity of the boy's education, despite any financial diff icullies the lamily may
experience. Thls year the 10181 amounl of discounts was £75,233 (2022123: £67,854) of
which bursaries and hardship asslsiance accounted for £98,724 (2022123.. £130,954).
Partnership with The Shared Learnlng Trust
Aldwickbury continue5 to foster a strong and dynamic relalion5hip wilh The Vale. Rushmere,
and Linden Academies in 8edfordshire, three primary schools within The Shared Learning
Trust (TSLTI, a mulli-academy trusl. Now in its eighth year, this partnership remains integral
to Aldwickbury's elhos of enrlching Ihe lives of ils students. Both Aldwickbury ancl TSLT
pupils benefit greatly from Ihe opportunities lo inleracl, and lake advanlage of Ihe School's
space and facilities. The Governors. Head. staff, and most importantly, the boys, all believe
thal this partnership is mutually beneficial, creating a learning environment where everyone
can grow and learn from each olher.

ALOWICKBURY SCHOOL TRUST UMITED
IA Charltablo Company Llmited by Guarantoe)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
Throughout the year, Aldwickbury has collaborated with TSL T in a variety of initiatives aimed
at sharing best practices and building slronger educational experiences, including..
Collaborative Donations.. The Aldwickbury Friends Associatlon and the School
worked together lo provide supermarkei vouchers for TSLT families.
Bloodhound (land speed record challenge) for Year 5 and 6
Tennis lessons for Year 5 and 6 students, led by Year 8 boys
Climbing Wall sessions. hosted by Year 7 and 8 boys
Winter Clothing and Gift Collections: Aldwickbury collected and donated winter
clothing and Christmas gifts to chlldren at TSLT, as well as Sl. Matthews and River
Banks primary schools in Lulon.
Science Week Assembly.. Year 8 pupils delivered an engaging Science Week
assembly to Year 6 pupils from both local and partner schools.
Keen Readers Workshop.. Pupils from TSL T attended a creative writing workshop
hosted by Aldwlckbury, Joined by studenls from other local schools.
Specialist Sporting Events: Aldwickbury offered lennis. athletics, and crlcket events
for primary school children across TSL T. fostering participation in sports.
Leadershlp and Governance Support: Aldwickbury's Head of Individual Development
continues to ser4e as a Governor on TSLT'S Pfimary Communlty Cluster 8oard,
visiting schools regularly to provide guldance on sports, well-being. and community
links,
Special Educalional Needs Tralning.. TSLT has continued lo offer support lo
Aldwickbury through training on special educational nee(J5 for Ihoir staff.
Maths Challenges.. The School continued ils iradilion of running Maths Challenges
for Year 4 and Year 6 pupils from various schools across Hertfordshire.
staff Governance Roles: Four members of Aldwickbury's staff serve as governors al
maintained schools, with the School supporting their participation during work hours.
In addition to these formal collaboraiions, several Aldwlckbury staff members contribute Iheir
experlise to the wider community. Two qualified athletics coaches support local children with
varying abilitles, from beginneis lo athletes competin9 al national and intemational levels,
with Ihe School allowing Ihem to attend events during lerm time. Additionally. members of
the Games staff, alongside the Headmaster, coach local Children in crickel, fugby, and
football, with the School's facilities and equipment used for these coaching sessions.
16

ALOWICKBURY SCHOOL TRUST LIMITED
(A Charltable Company Llmlted by Guarantee)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
Community Access to the Facilities
Aldwickbury continues io fosler strong lies with the local community by expanding access to
ils grounds and facilities. The boys are well aware of how fortunaie they a￿ to benefit from
these excellent amenities. which provide opportunilies across both Ihe academic and
sporting Curriculum, They recognise the value of these resources and the privilege of having
access to such an enriching envlronment.
This year. our focus on Comrnunlty engagement has deepened. We've actively opened our
grounds and facililies to Ioc81 schools, businesses, residents, and neighbours, broadenlng
the scope of who can benefit from our resources. Our partnership with TSLT continues to
exlend our reach, allowing us to connect with schools beyond our Immediate area and
benefit from a shared experience.
Slrenglhening our community ties has become a priority. and some key initiatives Include:
Four schools benefll from the occess we provide to our pool where their students
benefil from we8kly swlmming lessons as part of their curriculum.
We continue to support local Cricket Clubs, who regularly use our grounds and nels
for training and matches. Indeed, many of our staff offer their support lo these
sessions and regularly participate as team members.
Our swimming pool offers local swlrn schools an opportunity to provide swimming
lessons lo various age groups in the communily six days a week.
Our premiurn sports hall facility has become a key attraction 10 the community and
this year we have hosled a range of activities from birthday parties. to nalional
slandard badminion clubs.
We have hosted Schools Tfiathlon events. ulilising the grounds and pool for over 500
children.
From time to time. we provide access to our all-weather playing field for a local
children's rugby club, and we hope to further strengthen these ties In Ihe coming
years.
Charllable Givlng
The importance of our obligation lo charitable support remains al the cor8 of Aldwickbury's
ethos, and Is somelhing to which Ihe Governors. Staff and boys are fully Gommitted. The

ALDWICK8URY SCHOOL TRUST LIMITED
(A Charltable Company Limlted by Guarantee)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
Future Thinking curriculum Continues io focus on local communlty and the important role
Ihat Charities play in the wider community and nationally. This allows Aldwickbury to reflect
on the Christian values in which our loundalions are built. The Boys, Council (involving
pupils from each year group) takes a leadSng ro18 In charitable fundraising and the boys 8re
always excited to look al ways to support charilies and highlight their causes. Often, this
has been planned well in advance but has always been flexible to react to national and
iniernatlonal fund raising campaigns in response to disaster and humanitarian relief. In
September 2022 the boys began work thal raised awareness of the work and support the
local food bank which has now been enshrined in the work Sead by the year 8 leadership
programme. Supported by the staff they raise awareness acfOSS our community and
ensures thal the initiative is supported by parents, family and friends. This year the boys
supported Jeans for Genes as well as the annual support of the Royal British Legion Poppy
Appeal. This year r8is8d over £370. (2023: £1,252}
Aldwickbury Friends Assoclation (AFA)'s regularly raise awareness of Ioc81 worthy charlties
and annually run a variety of different charitable campalgns from colleclion ol clothes and
winter coals lo Chrlstmas gifts for children. Through liaising with local charitles, they are
able to support families and children from a low sociooconomic background. The AFA
bazaar is alway5 highlight of the School calendar 8nd something the enlire comrnunily
lakes part in and is a key aspect of Ihe School fund raising ability in 8n environment Ihal in
fully immersive for the communlty. raising rnoney to support their chosen charity,
VOLUNTEERS
Through our Ilnks with AFA OUT parents have continued 10 make a signilicant contribution to
the events al Ihè School. hosting and laking part in School events. There are a wide range
of aclivilies that are nol direclly related 10 the education provision, but nonetheless are an
important contribution lo School life.
This year, AFA has conlinued lo develop and host weekend events for Ihe boys including
survival, Lego englneering and a nlght camping out. AFA'S lundraising activities has been
significant in supporting classroom learnlng and wider curriculum activities and many of our
parents volunteer to speak to our year 7 and 8 boys about the 'world of work,, often
inspiring and motivating the boys to a career path they may nol have Ihoughi of. This year
we have also been fortunate to be supported by a parent who competes nationally al
Triathlon, who comes in weekly to support the boys 'Tri Club,, that has identified some
talented boys who have since gone on to compete successfully in nalional triathlon events.
18

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charitable Company Llmited by Guarantee
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
FINANCIAL REVIEW
Results for the Yeaf
sn setting Ihe budget, the Governors align financial planning with the School's slrategic
priorities - namely, providing the best possible environment for its pupils. 8tlracting new
enrolments. and supporting growth through commercial activities. Achieving these aims
requires ongolng investmenl In the estate. infrastructure, and curriculum, which is typically
underpinned by maintaining a pre-deprecialion surplus of approxirnately 100h.
The Governors recognise that. from time lo time, additional inv8Stmenl is necessary to
deliver key improvements. In such cases, the Governors are willing to support planned
deficits to enable these enhancemenls.
For the academic year 2023-2024, investmenl locussed on openlng of the STEM Hub
facillties. Purchase of a Sunshade Canopy for Pre*Prep, inslalla(ion of a cllrnbing wall in th8
Sports Hall, upgrades to Ihe boarding suite which collectively contributed to a nel deficit
after depreciation of £366,064 {2023: surplus £19.519) as reported in the Stalement of
Activities on page 32.
Golng Concern
The Governors recogni5e the importance ol their responsibility for business resllience that
will prevent disruption lo education and ensure that Ihe School can opefate as a going
Concern. This is achieved through 8 number of financial strategies delegated by the board lo
the Flnance and General Purpose Committee to monitor and report to the board. This has
been especially important as the School has seen 8 decline in pupil numbers due to a
national low birth rate year and the change of Govemmenl. This year the Governors have
sel up regular working groups that have focused analysis on the impact of VAT on fees
which has reported direct lo Ihe board. The board remain reactive and flexible lo a changin9
landscape bul continual assess budgets, analyse the sector to understand Ihe Ihreats.
weaknesses, opportunities and risks, set a basis of solid and measurable Key Performance
Indicators (KPIS), scrutinise the management accounts, understand the need for capital
projects, Identify the income streams (specifically the forecast of pupil numbers). effectively
forecast and scenario plan where necessary, ensure that cashflow is properly invesied, the
School meets the liabililies, debt servicing and loan covenanls along wilh Ihe reserves
posilion and fundamentally, Ihe assessment of Ihe School's obligation to maintain ils
position a5 a charity.
19

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charltable Company Llmiled by Guarantee)
ANNUAL REPORTOF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
In the view of the Govemors. no assumptions conr*rning the School's future Ihal would
affect the assels or liabilities at fhe balance sheet date are likely lo result in a material
adjustment to their carrying amounts in the nexl financial year, nor will they affeGt the
School's abilily to meet its ongoin9 obligBlions for the following Iwelve months from the date
these financial statements have been si9ned. The Governors have reviewed the budgets
and forecasts for the upcoming period and are satisfied that the School is a golng concem.
A8S•ts and Obligations
Tangible Fixed Assets are shown at a nel book value of £12.553,270 (2023; £12,559,925)
In note 12 of Ihe financi81 statements. These include Ihe first contractor's valuation for
which a depreciation charge has not been made.
The School has continued 10 invest in developlng its site during the year, as outllned In the
Sile Development section of this report above. In addllion. in anticipalion Df the roll out
of one-to-one devices from Seplember 24. the School invested in upgrading both the
School's IT Inlrastructure and equipment. As a result, total capit81 expendltuie
during the year ended 31 July 2024 was £891,933 (2023.. £715,585).
ReseThes Pollcy
The free reserves of the School. as defined by the Chafilies SORP (FRS 102), are Ihose
reserves which have not been spent, committed or designated. They, therefofe, exclude all
restricted funds, designaled funds and unreslricied flxed assets and represenl the funds
which are Ireely available to the School to spend as the Governors see fit on charilable
activities. Under this definition, the School's total funds are £9,315.638, (2023,. £9.681,702)
of which unrestricted funds are lied up in its land and buildlngs and therefore as with all
schools, Aldwickbury is reliant upon ils fecurying cashflow to meet its working capital
obli9alions.
Each year a detailed budgel is produced for the following year and period perforrnance is
monitored against those figures. In setting Ihe budget. the Governors, policy is to generate
sufficient reserwes each year to enable the School to invest in its facilities and fulfil its
objectives, support and seNice ils borrowings, and provide working capital. The School
utilises all of its reserves in meeting these aims and does not expect lo generate free
reserves over and above the level required to meet them.
20

ALDWICKBURY SCHOOL TRUST LIMITeD
(A Charilablé Company Llmlted by Guarantee)
ANNUAL REPORTOF THE GOVERNORS
FOR TtrIE YEAR ENDED 31 JULY 2024
Investment Pollcy and Objectlves
The School has absolute power to Invest in its corporate reserves. The funds al the year-
end, together with future surpluses, will be used (o fepay the balances on the outstanding
loans, maintain and upgrade the existing estate. This is balanced against the foreca$ting ol
future IhTeals lo the cash now lo ensure the School can react effectively to financial threats
and remain a going concern.
FUTURE PLANS
The Governors are fully aware 01 the challen9es the sector faces as the new Government
forms and imposes new tax legislallon on indep8ndent education and they are also lully
cognlsanl of the impact this will have on our families. They also recognise the need for
future plans to be supporled by a strong linancial structure and In the current clirnate, they
feel thal decisions on future developments should be made in 2025. at a lime when the
School can better understand Ihe impact of VAT on Fees.
To support their future decisions, they undertook a full estates review late 2023 to
understand whal the future priorities 8re, restrictions and challenges. The report outlined
th8 aspir8tlons to grow in pupil numbers, provide a permanent home for the STEM
curriculum, a dedicaied multi-purpose pavilion Ihal series as a place lor parents to meet
and enjoy the grounds while watching our boys at games as well as 8 mulli-use room for
afierschool club, drama and additional classroom space and finally, a redevelopment of
Pre-Prep. At ils cor8, this is a blueprint for major development and upgrade decisions in
the future and has helped create a roadmap for the School's development plan priorities,
In the meantime, the Sporls Hall is now well established, and is providing an academic
sporting space that broadens the boys minds beyond traditional sport5. and a STEM hub
Ihal is at the heart of Ihe School's philosophy and ethos and has been lully embraced by
the boys. p8renls and stalf. We are very proud of what lh8 broader curriculum has
achieved and we continue to challenge the enlire School community lo maximise their
potential which is now being nationally recognised by Aldwickbury reaching the final for
independent l)oys school of Ihe year lor the second year running.
As the school looks lo eslablish the delivery of one-lo-one digilisation {inculcaling a laptop
in our upper years as parl of their stalionary), in September 2024, we will focus on Ihe
21

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charitablo Company Limlted by Guarantee)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
holistic delivery of digital learning in all year groups. This will help us connect the leaming
journey from Reception to Year 8 and will require some inveslmenl in upgrading iPads as
well as maintaining a roll oui for Year 6 student laptops in 2025.
Of most importance however, is the abillty for Aldwickbury to ensure that It can continue to
improve end maintain Ihe existlng estate, upgrade and freshen classrooms and ensure the
boys are able lo grow In the current space. This is something that will always for part of our
regular maintenance routine and will supplement the Estate Master Plan's major capital
projects from 2025 and beyond.
RISK MANAGEMENT
The Governos malntain overall responsibilily for risk management and the School's abillty
to work within acceplable toler8n¢e as 8 high priorlty. On a day to day basls, they delegate
decisions related to School operations lo the Head 8nd the Bursar however, they malntain
an overrfiew throu9h regular visits and cornrnunicalion al commlttee and board level, Thelr
oversighl includes both académic and business aclivities. including the safeguarding of
pupils. financial actlvily and reputational and non-reputational risks thai may unnecessarily
expose the School to litigation and crilicism.
Aldwickbury follows a holistic approach lo rlsk 8nd mitlgating for all routine activities on
day to day basis in provicling a safe curriculum. We follow the fundament81 principle Ihai
ensures risk is both articulated and miligaled to As Low As Reasonably Possible (ALARP).
This approach is Integral to how the School provides 8 responsible learning environment
where boys can grow and learn and is part of our cuiiura. Risk assessmenls for all major
trips are agreed by the Head. and the Bursar ensures that Ihg academic, business and
environmental risk Is regularly reviewed, monitored and discussed.
The increasing political and seclor threat that will have a profound impacl on the business,
focuses a risk stralegy that concentrates on Ihreals such as VAT on fee5 and the political
rheloric around independent schools. They place importance withln the current risk profile
on Ihe impacl that VAT on fees may cause along wilh Ihe impact of the loss of rates r8llef.
Whilsl these are key risks for Aldwickbury, the rouline risks Ihat will impact the abilily lo
maintain a consistent educalion offer are also a high priority. This includes Cyber hacks
and denial of access. the food. energy and Ihe wlder costs of living crisis. the Ihreat that
menial health poses lo staff and internal Ihreats that are often unforeseen such as siaff
22

ALOWICK8URY SCHOOL TRUST LIMITED
(A Charltable Company Limltgd by Guarantee>
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
shortages. The Board. wherever possible also tries to predict risks thai the School may
face in order to react appropriately should the need arise,
The School maintains a full Risk Register which is regularly reviewed at the relevant
committee and lop risks ar8 discussed al full board. The Board salisfies ilself that systems
are in place to miligale those risks so far as is reasonably possible. The Bursar articulales
new risks and new assessments to the appropriate cornmittee after review, with all top risks
being made available for full board assessment. The 8oard places emphasis on areas Ihat
place the School at the most risk and direcis the Head 8nd Ihe Bursar lo review areas if the
econornic, political or sector demands. Of note, the following are areas that demand close
obseplation:
The School continues to provide a safe environment;
Effeclivenes6 of governance and m8nagemenl. including compliance with changing
regulations as sel out by the Charities Commission and the Deparlmenl for
Education;
Effectiveness of operations, 10 include environmental consideralions. such as
Iraffic movements on site, waste management and essential plant senlices:
Effectiveness of safeguarding procedures:
Ensuring the financial health and stability of the School. includlng the retention
of pupils, and the abilily lo cope with the rise in energy cosls. a continuing Ihreal
from the cosi of living crisis, including the parent's ability lo meei fee demands.,
The Ihreal posecl by a cyber breach and a denial of access Ihrough ransomware
Risk management procedures include the following:.
The School has a Risk Assessment Policy and all risk assessments are reviews
regularly.
All members of stsff receive induclion training in risk assessments lailored to
Iheif specific areas.
23

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charllable Company Llmited by Guarantee)
ANNUAL REPORTOF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
The School's policy is not to carry out any 8Ctivity where the residual risk following
th& implemenlation of all reasonable control measures remains unacceptable.
Activities Involving boys are normally low risk, The School follows super¥ision
ratios in order to mitigate medium-risk activities with pupils, such as swimming
and pond dipping. Staff and pupils are always given a safety briefing before
participating in mediurn-risk activities and are expected to follow instructions.
The school's pasioral policy focuses on ensuring that every pupil leaves as a
confidenl, 8rticulale young person capable of keeping himself safe at school, in
the home, and in all siluations. PHSCEE programmes. IT lessons. and
assemblies help towards promoting an increasing understanding as the pupil
develops, of the risks that exist in both the real and the digital wortds, and
sensible precautions that should be laken. Science lessons encourage pupils to
conduct their own safety-related research Into the potenl181 hazards of chemlcals,
gas, el8Ctri¢ity, and flammable materials.
All members of slaff are given induction training into the School's arrangements
for risk assessmenls and health and safety. (ollowed by ongoing irainlng and
updates as requlred. Tho Heallh & Safety Committee. whose membership
consists of both leachlng and support slaff drawn from all key areas of the school,
rneets twice a term to revi8w all aspecls of Health & Safely.
External financial faclors which are outside of the School's control but havo the
potential lo cause financial difficulties for the School, such as the impact of thè
ener9y and cost of living crisis, wlder economic decline, taxation legislation are
regularly monitored by Governors and the School's Senior Management Team.
HEALTH ANO SAFETY
The Governors prioritise safe working practices al School and maintain full responsibility for
all Heallh and Safety related malters. However the management of Health and Safety is
delegated, and any breach of regulations or injuries where the School can be seen as
culpable, are discussed immediately with the Chalr of the Board and the Chair of the Finance
and Gener81 Purposes Cornmiltee. Health and Safely and matlers of the Estate are
24

ALDWICKBURY SCHOOL TRUST LIMITED
(A Charllable Company Limlted by Guaranto8)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
discussed as required al the Finance and General Purposes Meetings and all policy
documents are regularly reviewed. Aldwickbury has a service a9reement with Peninsula
Business Safe and Health Assured. a qualified and dedicated service which provides an
online resource with policies that are up-lo-date and compliant with the latest Health 2nd
Safety Execulive (HSE) requirements. They will provide training and carry out annual
assessments and inspections, and provide a one-lo-one mediation and advice servicefor
any reputalionel threat caused by a bre8Gh in policy andlor HSE legislallon. The local fire
brigade carry oul fire inspections and fire safety checks.
The 8ursar chairs Ihe Health and Safety Commiltee and all felevant issues are discussed
and the minutes are presented to the full Board for review and comment. Aldwickbury is
committed lo the requirements of Reporting of Injuries. Oiseases and Dangerous
Occurrences Regulations (RIDDOR) and follows the guidance of HSE. The School is a
member of Ihe Consortium of Local Educalion Authorities for the Provision of Science
Equlpment (CLEAPS), and the Head of Science provides specific Input to Health and
Safety Committee. Aldwickbury regu18rly carrles out fire alarm tests (weekly) and completes
a full evacuation test al least once during a term. Aldwickbury also works closely with the
local health authority, covering food salely, food hygiene, and the kitchen's managemenl.
This year's main focus has been lo remain vigilant and reactive to the requirements ol
COVID-19 and Aldwickbury has esiablished a good relationship with the local health
authorlty. The School ensures all staff are regularly aware ofthe environmental changes and
have the 8billly lo manage their classroorn envlronmenl as well as their own health
appropriately through briefings, guidance and adherence lo Government guidance and
internal monitoring.
STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILITIES
The members of Ihe Governing Body (who are also Ihe directors of Aldwickbury School
Trust Limited for thepurposes of company law and Trustees for the purposes of charity law)
are responslble lor preparing the Annual Report and Ihe financial statements wilh
applicable law and United Klngdom Generally Accepted Accounting Practice {Uniled
Kingdom Accounling Standards).
Company law requires the Governing Body to prepare financial statements for each
financial year, Under Ihal law Ihe Goveming Body has elected to prepare the financial
slalements in accordance wilh United Kingdom Generally Accepted Accounting Practice
25

ALDWICKBUR Y SCHOOL TRUST LIMITED
(A Charltable Company Limlted by Guarantee)
ANNUAL REPORT OF THE GOVERNORS
FOR THE YEAR ENDED 31 JULY 2024
aware of the relevanl audit information and establish that Ihe Company's auditor is aware of
that information.
Approved by the Governing 8ody of Aldwickbury School Trust Limited on, including, in
their capacity as cofflpany directors. approving the Directors. and Strategic Reports
contained Ihereln, and signed on ils behall by:
Slgnature:
Position
Chair of Governors
Date:.
30 July 2025
27

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ALDWICKBURY SCHOOL
TRUST LIMITED
Opinlon
We have audiled the financial statements of Aldwickbury School Trust Llmlted ('the company.) lor Ihe
year ended 31 July 2024 which comprise the Statement of Financial Activlties, the Summary Income
and Expenditure A¢counl, the Balance Sheet, the Cash Flow Slalement and notes to the financial
statements. including significanl accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and Untted Kingdom Accounting Siandards, including FRS
102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland, (United Kingdom
Generally Ac¢epted Accounting Practice).
In our oplnion Ihe financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 July 2024 and
of ils incoming resources and application of resources, including its income and expenditure,
for the year then ended,,
have been properly prepared in accordance with United ￿'ngdoM Generally Ac￿Pie￿
Accountlng Pfactice: and
have been prepared in accordance wllh Ihe requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with Inlernational Slandards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in ihe Auditor'$
Re$ponsibilities for the audll ol the financial slalements section ol our report. We are independenl of
the charitable company in accordance with the elhical requirements that are relevant to our audit ol the
financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
elhlcal responsibilities in accordance with these requirements, We believe thal the audit evldence we
have obtained is sufficient and appropriale to provide a basis for our opinion.
Conclu8lon8 r•latlng to golng concem
In auditing the financial statements, we have concluded that the Irustees, use ol the golng con¢em bas1$
of accountlng in the preparalion of the financial statements is appropriate.
Based on Ihe work we have performed, we have not identified any material uncertainties relating to
events or Conditions that, Individually or collectively, may cast Slgnlficant doubt on the charitable
company's ability to eontinue as a going concern for a period ol at least fvielve months from vthen the
financial $lalements are authorised for18sue.
Our responsibilitles and the responsibllities of the trustees with respect to going concern are described
In the relevant sections of this report.
Othor infomlatlon
The olher inlormalion comprises the information included in the annual report, other Ihan the financlal
statements and our auditorfs report thereon. The trustee5 are responsible for the other information
contained within the annual report. Our opinlon on the financial slalements does not cover the other
Infoimatlon and. except lo the extent otheThvlse expllcitly stated in our report, we do not express any
fomi of assurance conclusion thereon.
Our fesponsibillty is to read the other inlormalion and. in doing go, consider thelher the other
information is materially inconsistent with the financial statements or our knowledge obtained in the
course of the audit or otherwise appears to be materially mi5Stated. If we idenlify such material
Inconsistencies or apparent material mlsslalements. we are required lo determine whether there is a
material rni5Statemenl in the financial statements themselves. If, based on Ihe wort< we have performed,
we conclude thal there is a material misslatement of this other information, we are requirerj to report
that fact.
28

We have nothing to report In Ihis regard.
Oplnions on other matters pr•s¢ribed by the Companlos Act 2006
In our opinion, based on the bvork undertaken In the course ol the audit:
the information given in the trustees. annual report for ihe financial year for which the financial
slatements a￿ prepared is Consistent with the financial slatement$', and
the strategic report and the Iru$tee$' annual report have been prepared In accordance vllh
applicable legal requirements.
Matters on *thich we are re9uir•d to report by gxceptlon
In the light of the knowledge and understanding of the company and its environmenl obtained in the
course of the audll, we have not identified material misstatements in the trustees, annual ieport.
We have nothin910 report In respect of the lollowing matters where the Campanles AGI 2006 requlres
us to report to you if, in our opinton;
adequate accountlng records have not been kept, or return$ adequate lor 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 retufns,. or
certain disclosures of trustees, remuneration specified by law are not made.,
we have not received all the informatlon and explanation8 we iequire for our audit.
R•spon8ibllitle¥ of tfustoes
As explalned more fully In the truslees, responslbllltles statemenl set out on page 18, the trustees (who
are also the directors of the charitable company lor the purposes ol 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 intemal control as the trustees delermine is necessary to enable the preparation offinancial
statements that are Ifee from material misstatement. whether due lo Iraud or error.
In preparin9 the financial statements, the trustees are responsible for assessing the eharrtable
company's ability to conlinue as a going concem, disclosing. as applicable, matters related to going
concem and using the going concern basls of accountlng unless Ihe trustees either intend to liquidate
the charltable company or to cease operations, or have no reallstic alternative but to do so.
Audltoes Re3pon3ibllltle$ lor th• audlt of thg financlal stat•m•nts
Our objectives are lo obtain reasonable assurance about whether Ihe financial slatements as a whole
are free from material rnisslatemenl, whether due to fraud or error, and to Issue an auditor's report thal
Includes our opinion. Reasonable assurance 18 a high level of assurance, bul is not a guarantee that an
audit conducled in accordance with ISAS {UKI will always delecl a malerial misstatement when il exists.
Misslalements can arise from fraud or error and are considered malerial if, Individually or in aggregate,
they could reasonably be expected lo influence the economic decisions of users taken on the basis of
these financial statements.
As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain
prolessional scepticism throughout the audit. We also..
Idenlify and assess the risks of materlal misstatement of the finanelal statements, whether due
to fraud or error, design and perform audit procedures responsive to those risks. and obtsin
audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of
not detecting a material misstatement resulting from fraud Is higher than for one resulting from
error. as fraud may involve collusion, forgery, intentional omissions, misrepresentations. or the
override of intemal control.
29

Obtain an understanding of internal control relevant to the audit in order lo design audit
procedures that are appropriate in the circumstances, but not for the purposes of expressin9
an opinion on the effectiveness of the charitable company's internal control.
Evaluale the appropriateness of accountlng policies used and the reaSonabler￿S of
accounting estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees. use of the going concern basis of accounting
and, based on the audil evidence obtained. whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charitsble ¢ompany's ability to
continue as a going ¢oncern.11 we conclude Ihat a material uncertainty exlsls. we are required
to draw attenlion in our auditor's report to the related disclosures in the financial statements or.
il Such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the
audit evidence obtained up to the dale of our audrtor's report, However, future event$ or
condition$ may cause the charitable company lo cease to continue as a going concem.
Evaluate the overall presentation, stnJ¢ture and content of the financial $tat•ments, Including
the disclosures, and whether the financial stalemenls iepresenl the underlylng transactions and
events in a manner that achieves fair presentation.
We cornmunicate wlth those charged with govemance regarding, among olher matters, the planned
scope and ts'ming of the audit and slgnificanl audit findlngs, Including any significanl deficiencies In
internal control Ihat we identify during our audrt.
Explanatlon as to what extent th• audlt was consldered capable of deteclhng lffegularltlég,
Including fraud
Irregularities, including fraud, are instances of non-compliance with laws and fegulatlons. We deslgn
procedures in line wlth our responsibilities, outlined above, to delect material misstatements in respect
of irregularities. including fraud. The extent to which our pr¢xedure$ are capable of detecting
irregularities, including traud 1$ detailed below.
The oblectlves of our audil in respect of fraud, are,. to identify and assess the risks of material
misstatement of Ihe financial statements due to fraud,. to obtain sufficient approprlate audlt evidence
regarding the assessed risks of material misstatement due to fraud, through deslgning and
Implementing appropriate responses lo those assessed risks; and to respond approprlately to inslances
ol fraud or suspeGted traud identified during the audit. However. the primary responsibilily lor the
prevention and deleclion of fraud rests with both management and those charged with governance of
the charitable company.
Our approach was as follows:
We obtalned an understanding of the legal and fegulalory requiiements applicable lo the
charitable company and considered Ihal the most signilirAnt are the Companies Act 2006, the
Charilies Act 2011, the Charily SORP, and UK financia5 reporting standards as issued by the
Financial Reporting Council.
We obtained an understanding of how the charitable company complies wlih these
requirements by discussions wlth management and those charged with governance.
We assessed Ihe risk ol malerial mlsslalement of the financlal stalements, including the risk of
malerial misstatement due to fraud and how it might occur, by holding discussions with
management and those Charged wilh governance.
We inquired of management and those charged with governance as lo any known Instances of
non-compllance or suspected non-compliance with laws and regulations.
Based on this understanding, we designed specific appropriate audit procedures lo identify
Instances of non-compliance wlth laws and regulatlons. This included making enquiries of
30

management and those charged with governance and obtaining additional corroborative
evidence as required.
There are inherenl limitations in the audit procedures described above. We are less likely to become
aware of inslances of non-compliance wlth laws and Tegulattons Ihat are nol dosely related to events
and transactions reflected in Ihe financial statements. Also, the risk of nol detecting a material
misstatement due to Iraud is higher ihan the risk of not delecting one resulting from error, as fraud may
involve deliberate concealment by. for exarnple, forgery Of intentional misrepresentations, or through
collusion.
Us• of our r•port
This report 1$ made solely to the charitable company's members, as a body, in accordance with Chapler
3 of Part 16 of the Companies Acl 2006. Our audit work has been undertaken so Ihat we might stste lo
the company's members those matters we are fequired to state to Ihem in an atjditor's report and for
no olher purpose. To the fullest extent permitted by law. we do nol accept or assume responsibility lo
any party other than the charitable company and charitable company's members as a body, for our
audit work, for this ￿pOrt. or for the oplnlons we have fornied.
00 ILv￿r￿ knLr
Date:: 30 I925
Shivani Kothari (Senioi Statutory Auditor)
for and on behalf of Moore Kingston Smith LLP, Statutory Auditor
9 Appold St
London
EC2A 2AP

STATEMENT OF FINANCIAL ACTIVITIES
{Including the income and expenditure statement)
for the
ear ended 31 Jul 2024
Unrestricted I
Deslgnaled
funds
Total
2024
Tolal
2023
Noles
INCOME FROM:
Chafltsbl• Acllvltlès
School fees
Other educalional in￿rne
Oth•r Incorne
Olher Iradlng income
Invostment•
Investment InrAJme
Voluntsry sour￿9
Grants and donat1(￿$
6,791,866
794.214
6,791,868
794,214
6,250,382
685.867
49,490
49,490
37.604
25,327
25,327
24.174
26,921
26,921
32.365
Total Incom• and endowmeftls
7,687.818
7 687 818
7 030,192
EXPENDITURE ON:
Colts of f•l8lng funds
Inleresl and olher costs
169,402
169,402
183,462
Chafltablo actlvltles
EdUcat￿n
7.88S,019
7,885,019
8,827,208
Tolal expendlture
8,054.421
8.054,421
7,010,670
Net operatlng In¢om•l(•xpendlluro)
<366.603)
(366,603
19,522
Oiher Profli or Loss on sale of 8SSétslpioperty
539
539
Net lncom¢l{•xper￿otUrej
11
{366.064)
(366,064)
19.522
N•t movemont In lund8
(366.064)
1306,064)
19.$22
Fund balar)¢és brought lor*vaid
9,681,702
9,681,702
9662 180
Fwid balances carried forward
16
9,315.638
9.315.638
9.681,702
The statement of financial ac4ivilles Includes all galns and losses In the year and Iherelore a slaternenl of lolal
recognlsed gains and losses has nol been prepared.
All of the above amounts relate lo continuing aclivities.
The accompanylng note5 form part of these financlal slalemenls:

Idwickb
rysc
ool Trust Li.mite
BALANCE SHEET
as at 31 Jul 2024
Notes
2024
2023
FIXED ASSETS
Tanglble assets
12
12,553.Z70
12 559.925
12,553,270
12,559.925
CURRE14T ASSETS
Deblors
Cash al bank and in h8nd
13
807,469
2 632.888
473,977
1 735 550
3.440.357
2.209,527
CREDITORS: Amounls falllng due within one year
14
12.309,233) {4.453.3931
NET CURRENT ASSETS
1,131 124...J2.243,8.6.fj
13,684,394
10.316,059
TOTAL ASSETS LESS CURRENT LIA8ILITIE8
CREDITORS: Amoun1$ lalllng due after more ih8n one yéer
15
{4.368.756)
1634,3S71
NET ASSETS
9.315,638
9.fj81.702
FUND5
Unr8slrlcled lun(Is - oeneral
16
9,31S,638
9,681.702
9.315.638
9 681.702
Approved and 8ulhoris¢d lor i$$ue by Ihe Board of Governors on
Iheir beh81f by:
30 Jul¥.2025
and signed on
J.afomfield
Chalrman of the 808rd ol Governors
The accompanying notes lorm part of Ihese Ilnanclal slalemenls.
Company Number.. 950339
33

CASHFLOW STATEMENT
for the
.ear ended 31 Jul 2024
CASH FLOW STATEMENT
Notes
2024
2023
Nel cash inflow from operatirYJ adiviti8S
21
5,048,447
900.084
Cash fk)w$ from Invesllng activltles:
Bank inleresl feceiv
Proceeds from sale of fixed assets
Payments to acquire fixed assets
25.327
24.174
(610,275)
(715.585)
Nel cash outnow Imm investing aclivitles
691411
Flnancing-
Loans repaid
Interest paid
Payments made lo Ilnance leases
(3.115,101)
1169.402)
(281,6581
(183.462>
Net cash outllow from financing actlvllies
183462
Increaselldeuease) in cash
897,338
25.208
Cash and cash
beginnirvJ of the reportlng period
1,735,550
1,710.342
Cash and cash
end ol Ihe reportlng perlod
2.632,888
1.735.550
34

Aldwickbury School Trust Limited
NOTES TO THE FINANCIAL STATEMENTS
for the
ear ended 31 Jul 2024
ACCOUNTING POLICIES
Aldwickbury S¢hool Trust Limlled is a company limited by guarantee with iegislered number 950339,
inenrporalgd and dorniciled in England and Wales. Ils registered office is Aldwickbury School, Whealhampstead
Road. Harpenden, AL5 1AD.
1.1 BASIS OF PREPARATION
The finanrial slalemenls have been prepared in eco)rdance wllh the Financial Reporting Standard appllcable In
the UK and Republic of Irel8nd {FRS 102> The Charitable Company is a public benefit enllly for the purposes ol
FRS 102 and therefore the Charity also p￿Pared ils financial staternenls in accordance with the Slalement of
ReC￿mmended Pfadice applicable to charities prepariftg their accL)unts in accordance with Ihe Financial
ReportSng Standard applicable in the UK and Republlc of Ireland {The FRS 102 Charilies SORP>. the
Compani95 Acl 2006 and the ChafllS8s Act 2011.
The financial slalements are prepared In sterling, which is Ihe functional curffjncy of the charity. Monetary
afflounls in Ihese financial slalemenls are rounded to Ihe nearesl pound.
Golng Concern and slgnificanl esllmales and judgements
In assessing the going ujncern assumpllons the Governors lake into account all avallable information about Ihe
lulure Ihal will affecl the way In which the school will be able lo malnlain ils level ol Income and Its operallonal
capabllily whilsl remaining compelitlvo again$1 its peers. This Includes but Is rtol Ilmlted lo.,
Revlewing the ￿$h Ilow projects'on ol a rolling 18 month period trom Ihe dale ol the finance and general
purpose meeling,
Review of pupil numbers and lulure forecasts,
Sl8ffing review to meet pupil numbers,
• Revlew of the 8pendin9 Strategy and budget 8ettlng,
Assess economlcal. finandal and politl¢al dim8les on¢J al80 lulure areas ol ¢oncefn that may impact the
school's operational abiltty.
The Governor5 continually review the school's ability lo meet its fixed cosls and have periodically lormed
worklng gfOUPS lo enhance lh8 slewar(ishlp of the school lo achieve Ils objectives. Dedsions regardlng
Aldwlckburfs recruilment and staff slruclurlThJ focus on maxirnising polenllal savings. whilsl ensuring Ihe
school is able lo m8Snlain the academic oulpul.. Finally, in recognlsing the requifement lo make declslons Ihal
enable Ihe s¢hool lo mainlain ils academic performance, the Govefnors have allowed managemenl decistons
Ihal offer greater Ileiibllity In the linanclal commllmenls and invèsimenls thé school makes. Thls has been
demonstrated wilh the openlng of tho STEM Hub to exparmi resovrces and broaden Ihls part ol the wrriculum.
Major investments in the school's tangible structure such as the Sports Hall Climbing Wall and P￿-Prep
Sunshade canopy benefiis pupil developmenl and allows inclusive and engaging learnlng.
In the vlew ol the Govemors. no assumptlons conceinln9 the future or estimatlon uncertainly affectlng assets or
liabililles al the balance sheel dale are likely lo resull In a material adjuslmenl lo Iheir caTryin9 amounts in the
next financial year, nor wlll il affect the School's ability lo meet Ils ongoing obligations for Ihe followirrfJ 12
months from Ihe dale these accounls have been slgned.
The following a¢xounllng policies have been applled consi51enlly In dealing with ifems which are considered
material in relation to the School's financial statements.
35

Aldwickbury School Trust Limited
NOTES TO THE FINANCIAL STATEMENTS
for the
ear ended 31 Jul . 2024
1.2 COMPANY LIMITED BY GUAFL4NTEE
The School is a Public Benelil Enlily registered as a charily in England artd Wales {charily number.. 311059)
and a cnmpany limited by guarantee (company number.. 950339).
1.3 FIXED ASSETS
Deprec4alion
Deprecialion is provlded on all tangible fixe(l assets, other Ihan freahold land. at rales calculated lo write off the
costs less esiim8te¢J residual value ol each assgt. by equal annual inslalmenls, over Iheir expecled useful lives
whlch ar8 consldered to be..
Assets cosling in eX￿$S of £1,000 are ¢apilalised.
Freehold building$ and
Furnilure, fixlures and equipment
Compulor equipment
50 years
5 yèars
3 years
Flnance Cosls
Flnance Costs Incurred whlch are directly allflbutabl• lo the con$lrucllon of flxed assets are capllallsed over Ihe
period ol conslfuclion and depreclated in the Stalemenl of Flnancial Activities over Ihe useful life ol Ihe assét,
1.4 VALUE AOOEO TAX
Value added lax Is not recoverable and Is Iherelore induded In Ihe expenses 10 whlch il relates..
1.5 DONATIONS
Donations received for the general purpose of the school ore credited to the school's 9eneral lund. Donations
subkct10 5peciflc wlshes of Ihe Oonors are carrled lo a relevanl reslrlcled fund.
1.6 INCOMING RESOURCES
All incxlming resourcAs are included in the Stslemenl ol Financlal Athivilies (SOFA) when the school is legally
eniilled lo the Income and Ihe amounl can be ouaniffled wllh reasonable accura¢y.
School Fees that have been recelved prlor lo the year end, and whlch relale lo activities in subsequent years,
are Irealed as deferred income in the year of receipl and are released In Ihe relevant period Ihereafler.
1.7 RESOURCES EXPENDED
All expenditure Is accounled for on an accfuals basis and has been elassified under headings Ihal aggregate all
costs relaled lo the category. Where costs cannot be directly atlribuled lo particular headin9s Ihey have been
allocated to activities on a percentage basis con5151ent wilh use ol the resources.
Cosls of raising lunds are those in￿rred in seeking volunlary conlribulions and do not include Ihe costs ol
disseminating Inlormallon in support of the charilable activitles. Direct ￿S1$ relale lo staff costs and are
allribulable lo specifi¢ aclivilles. Support fA)sls are those costs Incurfed in support ol empendilure on the
objects of the school. Governan￿ cos15 are those incurred in connecllon with governing of the school and
compliance wilh conslilulional and slalulory reqU1￿Ments.:
1.8 FINANCIAL INSTRUMENTS
Basic financaal inslrumenls are inilially recognised at Irartsadion value and 5vbsequenlly measured al
amortised with Ihe exceplion of investments which are held al fair value. Financial assels held al amortised cost
comprise cash at bank and in hand. logether with trade and other debtors. Cash al bank and in hand is defined
as all cash held In inslanl access bank a¢couniS and used as worklng capilal. Financial Ilabilllies hdd al
amortised ￿)st cL>mprise all crediiors except social security and other taxes and provisions. Assels and
liabilities held in foreign currency are translated lo GBP al the balance sheet dale al an appropriale year enil
exchange raie.
36

NOTES TO THE FINANCIAL STATEMENTS
for the
ear ended 31 Jul .2024
1.9 PENSION COSTS
The school historically contnijuted to th8 Teachers. Pension Scheme on behall of eligible teaching Stoff during
the year under revlew. The school exlled th¢ scheme in January 2023. The school ¢onlributes towards a group
personal pension scheme for Ihe other ellgible employees. The afflount charged lo the Statement of Finanaal
Activities for all schemes is the CA)ntilbullons payable in tho year.
1.10 LEASES
Annual rentsis are tharged to the Slalemenl ol Finanual Activities on a straighl line basis over the lease lerni.
Where assets are financed by fin8nc4 leases and hire purchase agreements the assets are included In th8
Balance Sheet al cosl less depreclalion In accordan￿ wilh the school's nomal accounllng pollcy, The prosonl
value of lulure renlals is shown a$ a liabillly.
1.11 FUND ACCOUNTING
Where Ihe school fecelves funds which 8re restricted in their usage. they are dlsdosed as restricted fund5. The
sch¢)ol also earmarks all funds for sel purposes and these are da55ed as desrgnaled lunds.
1.12 CHARITABLE STATUS
The Company is reglstered as a ¢harity. regislralion number 311059. and In c4nsequence Is exempl Irom
laxaiton on Income arlslng Irom and expended on Its ¢harilable actlvllies:.
1.13 ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application ol the accounting policies, Govemors are requlred lo fftake ludgemenl, eslim818s. and
assumpllons about the carryln9 value of assels and liabllltl83 that are not readlly apparenl from olher sources.
The eslifflales and underlying assumpllons are based on historical experfjence and other faclor5 that ale
consl¢ered lo be felevanl. Aclual resulls may dlffer fforn these esllmaies.
The esllmates and undertylng assumplions are reviewed on an on.golng basls. Revlslons lo accounllng
esllmales are recognised In the perlod in whlch the estimate is revised rf Ihe revlsion affects onty that perlod. or
In the period of the revision and lulure periods if Ihe revislon affected ¢urTenl and luture period$.
Crltlcal ludg•m•nts
Uselul economic Iiv8S
The annual deprec4allon charge for property. plant and equipment is senslllve to Chan￿ In the esllmated
useful economic lives and resldual values of the assels. The useful ecx)nomic lives and fesidual values are re•
assessed annually, They are amended when necessary to renecl curfenl eslimales. based on technolo9l¢al
advancement. lulure inveslmenls. economic ulilisalion and the physical C(￿dI110n of Ihe assets. See note 12 for
the carryin9 amounl of the properly, plant and equipment and note 1.3 lor the uselul economic Ilves for eath
class of assel.
37

Aldwickbury School Trust Limited
NOTES TO THE FINANCIAL STATEMENTS
for the
ear ended 31 Jul _ 2024
2 FEE INCOME
The School's activrties ara carried out within the UK.
The school's fee inC￿me comprised:
2024
2023
Gross fees
Less.. Dlscounls
6,965,823
(173,957)
6.449,190
{198.808)
0,791866
6.250.382
3 OTHER EDUCATIONAL INCOME
2024
2023
Extr8 curricular lessons a wraparound care
Registration lees
SurKlry fees
733,858
9,617
50,739
821,435
9.525
54.707
794,214
685,667
4 OTHER TRADING INCOME
2024
2023
Other Income
49.490
37.604
49,490
37,604
5 INVESTMENT INCOME
2024
2023
Inieresl re¢aved
25,327
24.174
25,327
24.174
6 DONATIONS AND GRANTS
2024
2023
Donations and grfls
26,921
32,365
26,921
32,365
38

Aldwickbury School Trust Limited
NOTES TO THE FINANCIAL STATEMENTS
for Ihe
ear ended 31 Jul 2024
7 EXPENDITURE
la) Costs of Ralslnp Funds
Staff (osls
(nole 91
Total
2024
Other Dopreci8lion
Flnancing costs
169.402
169,402
Total Costs of Ralslng Funds
169,402.
Charltsble expendlture
Stsff cost5
(note 9)
Total
2024
Other DeprecAalion
Teachlng
Welfare
Pfemlses and Eslales
Adminislratlon
Governanc
3.781.820
418.083
293,688
630,5ee
426.975
220.600
794.705
741,$62
43.093
4,188.795
63B,683
1,642,320
1,372,128
43.093
553,949
Total Charltable Expendltur•
5,104.135
2 226,935
553,949
7,885,019
Total Expended
5.104.135
2,396,337
553,949
8 OS4,421
Costs of Ralslng Fund•
Staff cosis
(nole 9)
Total
2023
Other Depreoation
Finandng costs
183.462
183,462
Total Costs of Ral8lng FurKI8
183462
183462
Ch•rltabl• •xp•ndllur•
Slaff costs
(nole 9)
Total
2023
Other Depreeialion
Reslaled
Teachlng
Wejfare
Premises and Eslales
Adminislralion
Governance
3.417.598
376.827
282.544
608,971
354,485
211,326
644.981
485.694
27,047
3,772.083
588,153
1,345,260
1.094,665
27.047
417.735
Total Ch•fltabl• Exp•ndlturn
4.685 940
1.723 533
417.735
6,827,208
Total Expended
4.685,940.
1.906.995
417.735
7.010.670

NOTES TO THE FINANCIAL STATEMENTS
for the
ear ended 31 Jul 2024
7 EXPENDITURE
(bl Other Governancé Costs Include:
2024
2023
- Audilors, remuneration current year
- Audilors, remuneration Pfior year under accwal
- Other Audltofs remuneralion
28,418
10,440
2,310
22.466
4,581
2024
2023
Ic) Admlnlstratlon Costs
Restated
Salaries
Nalional Insurance
Pension Cosls
Olher staff cosls
Subscrtplions
Leases
IT support
Office support ry)sls
Markets'ng and advertising
Legal and Professional Fees
Other Adminislralion Cosls
538,494
51.194
40,878
41,957
10,950
217,642
95,419
51,706
69,gSS
83.721
170.212
527.849
48.580
34.542
46,401
53.677
24,417
92,987
49,985
71,268
71.583
75,376
1372.128.
1094,665
STAFF COSTS
2024
2023
Reslaieo
3,798,586
359.251
528.103
Wages 8nd sa18ries
Social security cosls
Other penslon fA)sts
4,156,176
394,839
553,120
4685940.
The average monlhly number ol employees during ihe year was as follows;
2024
No.
83
2023
No.
79
40
Academic
NonaAcademl¢
127
119
The number of employees
£60,000 in the year was as lollows..
2024
2023
£60,000 - £70.0
£70,001- £80,OfXI
£80.001- £90.OCrt)
£90,001- £100.CKJO
£100,001- £110,00
Pension contributions for the year amounted to £73,463 12023: £47,166) for the above ern￿OYeeS, into
defined contribution pension scheme.
40

NOTES TO THE FINANCIAL STATEMENTS
for the
ear ended 31 .Jul 2024
9 GOVERNORS REMUNERATION AND BENEFITS
There were no Governors. remuneiallon or other benefits for the year ended 31 July 2024 nof lor the year
ended 31 July 2023.
Travel and training expenses 01 £435 (2023.. £228) for 1 govefnor were paid by Ihe charity dufin9 the year.
Key rnanagemenl personnel include Ihe Govenors and Ihe senior execullves whith aro made up of the
Headmaster, Bursary and Iouf additional members of Ihe Senior Management Team. The total pay and benefits
received by key management personnel were £593.786 {2Q23.' £559.460).
10 PENSIONS
The penston charge for the year Includes contribullons payable lo a Group Personal Penslon Scheme with
Royal London kn leaching staff of £455,209 {2023.' £445.3671 and al the year end £39.075 (2023.. £35,073) was
accrued In respe￿ of conlribulSons lo Ihls Scheme.
The Sthool partlclpales In a Slandard Lrfe P8ryJonal Penslon Scheme for ils eliglble rvjn-leaching slaff. The
pension ¢hArg8 for the year indudes contribulions payable lo Standard Lil• of £97,910 (2023.. £82,738) and al
the year-end £8.291 (2023 - £7.219) was accrued in respect ol conlribub'ons lo Ihis scheme,
11 NET INCOME FOR THE YEAR
2024
2023
Nel inc¥Jme 1$ slated aftor charging:
Depreclallon ol tsnglblo fixed assels
Lease rentals- other
553.949
217,042
417.735
24,417
41

Aldwickbury School Trust Limited
NOTES TO THE FINANCIAL STATEMENTS
.for th8
ear ended 31 Jul 2024
12 TANGIBLE FIXED ASSETS
Plant
Flxlures
Freefrold
Property
Motor
Vehidas
Equipment
FltlirvJs
Total
Cost..
AI 1 Au9USt 2023
Additions
Oisposals
15,469.119
297.000
(148.500)
100.736
4.906
(4,222)
1,992,568
590,027
(309.897)
54,441
17,616.864
891.933
(506.8721
<44.253>
Al 31 July 2024
15.817,619
101.420
2.272.698
10.188
18 001,925
Dèprecialion..
Al 1 August 2023
Charge for year
Dlsposals
3,130,091
311,865
95.420
5,069
(4,221)
1.776,987
226,508
(103,252)
54,441
5.056,939
543,442
1151,726)
(44,253)
At 31 July 2024
3.441.956
96.268
1.900,243
10,188
5,448,655 .
Nel book value..
At 31 July 2024
12.175.663
5,152
372,455
12.553 270.
AI 1 Au9usI 2023
12 339 028.
215581
.-12 559 925
The net carrylng valve of tangible fixed a$Jols includ9¥ £281,659 {2023: £NIII In respect of asset8 held undor
finance leases or hire purchase r￿ntract8. The depreciation charge in respect ol such assets amounted to £NII.
12023: £Nil).
13 DEBTORS
2024
2023
Fees and extras
Prepayments and accrued income
573,318
234.151
112,666
361,311
47
14 CREDITORS
Amounts f8111ng due wlthln one year..
L08ns
Trade ¢redilors
Taxatlon and soclal security cost$
Fees in advance and fee dep05ils
Olher Credllors
Ac¢ruals
2024
2023
28,970
47,788
107,616
1,343,818
235.002
548,039
3,099,000
119,605
92.507
473,400
41,909
626,972
2 309 233
.4 453 393
Deferred Income..
2024
2023
Brought lorwards
Released in year
Recelved In y*ar
473,400
{473,400)
1,343,818
384.716
{384,716)
473,4011
Carrled lor4vards
1,343,818
473,400
Deferred income relates 10 schools fees and trips recelved in advance for the following term.
42

Aldwickbury School Trust Limited
NOTES TO THE FINANCIAL STATEMENTS
for the
e.ar ended 31 Jul 2024
15 CREOITORS DUE AFTER ONE YEAR
2024
2023
Amounls falling due afier moro Ihan ono year..
Bank and other loan
Ainounls payab.le under financelgases
S.cliool fee deposits
Fees In advance
1.962.035
133.551
373,250
1,899,920
249,857
384.$00
4 368 756
2024
2023
Movemanl on loans
In one ytaf or less
8olween Qftè 8nd Iwo yeo'rs.
86tween iwo and fiv•',years
28.971
28.988
1,933,047
3.099.000
249.857
1989.006
3.346.857
Finance Leases
In one year or less
Between one and years
Between two and Ilve yeais
85,212
83,352
,218,843
The financ* lease ¢rediior represents 4 leases held for IT devices which c4)ver a perfod ol up lo 5 years.
The School's loan balances 0$ al 31 July 2024 consisl OP.
A loan 01 £1,000,000 was drawn down Irom Barclays ÈLC. In 2023 to r• finonce thè G'ytnlSport$ Hall bulld. of
which the iemaining b818nce ai the rep.orting.d8te Is £990,9'32.38.
A loan of £765,250 was *Jrown down fiom Barcl8y3 PLC in. 2023.to 81s0 r• Ilnonce Ihe Bymlsports H811 build. of
wIIiGh thè rern3lning'balan¢e al the reportin9.dale IS £748,216.
.An ibn5"ecured loan facilily from a p'rivatè Indlvidual of £249,857 14Va$ drawn'down in.2015 in order lo fund lh•
iennls court. and cilckéi nel relurbishrneril. Th¢ Capilal 1s.lo be repaid al Ihe end.ol 8. 10 year period, logethet
wilh the ihlg.re$l. ivhlch aCGrues on 8 slr8ighl line basis 812%: The., lolal amouni oulsiandlng al Ih'e year end,
Including g¢¢fued Inlerest is £29'7.(190 (2023- £292,08Q>.
43

NOTES TO THE FINANCIAL STATEMENTS
for the..
é"a'r ended 31 Jul 2024
16 STATEMENT OF FUNDS
Al l August
2023
Al 31 July
2024
Income
Expendllurg
Unrestricted funds..
Genwal reselve
9,681,702
7,688.357 18.054,4211
9,315.638
Tolol lunds
9.fj81.702
7.688,357 (8,054.421)
9,315,638
Al l August
2022
Al 31 July
2023
Inwne
Expondllurè
Unreslrlcled lunds:
General reserve
9.882,180
7,030.192 (7,010,873)
9.881,702
Total lunds
9,662.180
7,030.192 (7,010,673)
9,681,702
17 ANALYS18 OF NÉT ASSETS 8ETWEÉN FUNDS
Unreslricled
lunds
2024
Total
Tangible fixed assets
Current assets
Current liabilities
Long term liabilili08
12,553.270
12.S53,270
3.440,357
3,440.357
12.309,233) 12.309,233)
(4.368,756) {4.368,756J
Tolal net assels
9315.638
9.315 638
Vnreslilcled
lunds
2023
Tolal
Tarvjible fixe(l assets
Currenl assets
Current liabilitie5
Long lemi liabililies
12,559.925
12.559,925
2.209.527
2.209,527
(4.453,3931 14.453,393)
(634.3571
(624,357)
Total nel assels
,.9.68.1,702,
9 681- 702.

NOTES TO THE FINANCIAL STATEMENTS
for the
ear ended 31 Jul .2024
18 COMMITMENTS UNDER OPERATING LEASES
Al 31 July 2024. the company hati oulslanding cofflrnllments lor future mlnimum lease paymanls urKler non-
canG8llable operallng leases,.;wh'lch ¢all due as follows:.
2024
Plant &
Machlnory
2024
Offlc•
equlpment
2023
Plani &
Machlnery
2023
Offi
equlpmenl
Due within one year
Oue beiween tr¥0 and fi¥è.y.eafS
Ouo afleT more than five.years
200.905
200.905
418,553
51,292
48.498
70,029
164,320
164.320
492.960
63.036
63.036
151,873
'.820 363
19 RELATEO PARTIES
nsley a Partners
'The oarlnershlp,, ol wh'iclt.oiie governor li a thariag!n9, paTtner."was r.elaSned-Io',Pfovide suTh8ying an'd,'proleoli.
,rnanagemenl soTric6s in relallon lo the p,lannin'g'.'applicalion ari'd projec!',mafiag'o'menl lo'r,'the new.sports tya.11!
and rnainlengncé lalliljes. .F.ee$ lol'a115ng £15,300,; Indudirio VAT'.h8ve been Pald to: the. company l?Q23:
£.9;'4861; wilh £nll oulslandiD'g al the year-end <202.3.. £nil)'. All Iransaclions were done'so al arm'5 len9lh. I
20 CAPITAL COMMITMENTS
Al the year end, there was a eomiTillrriènt ol £nll '(2023'. £97,500), relatlng lo plannln9 bulldln9 worf¢s lo tho
sthool. Capllal cnrrimllmenis under finante'leases havti been dis"¢losed in nole 12.
21 NOTes TO THE CASHFLOW STATEMENT
2024
2023
Reixintllialion of.'operating result lo nel ¢ash inflow from
operalin9 activllié5'
Nel movement In funds
Depre￿atiOn
Bank interest recoived
Interest payable
Profill{Loss) on sale of FSxed Assels
IncreasellDecrea5el In uedilors
<ln¢reaseYDecrease in debtors
1366,064)
543.442
125.327)
169.402
355,146
4.705,340
1333.492)
19,522
417.735
124,174)
183.462
545,542
{242,0031
5 048 447..
900 084
45