Registered number: 01090034
Charlty number: 311061
LOCKERS PARK SCHOOL TRUST
(A Company Llmlted by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guarantee>
CONTENTS
Page
Referenc8 and Administratlve Detalls of the School, Its Trustees and Advisers
TNstees' Report
2-11
Trustees. Responslblllties Statement
12
Independent Audltors. Report on the Financlal Statements
13-16
Statement of Flnanclal Actlvltles
17
Balance Sheet
18-19
ststement of Cash Flows
20
Notes to the Flnanclal Statements

LOCKERS PARK SCHOOL TRUST
IA Company Llmlted by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE SCHOOL, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
C Lister, Chair
O Abel Smith, Chair Remuneration, Govemance and Nominations Committee
S Baldock, Chair Education Committee
J Snoxall, Chair Finance & General Purposes Committee
K Eddison
S Lancaster
T Lloyd-Baker
A L HuttoTrNorth
B Choraria (appointed 25 June 2024)
D Eldridge (appointed 25 June 2024)
Company reglster•d
numb8r
01090034
Charlty reglstered
number
311061
Reglstered offlce
Lockers Park School
Lockers Park Lane
Hemel Hempstead
Hertfordshire
HP1 1TL
Company secretary
J stevens
Independant audltor8
Haslers
Chartered Accountsnts
Old Station Road
Loughton
Essex
IG10 4PL
Bankers
HSBC Bank PIC
Wewn Garden City
Hertfordshire
AL8 6BH
Page 1

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together with the audited financial statements of the School for the
year 1 September 2Q23 to 31 August 2024. The Annual Report serves the purposes of both a Trustees, report
and a directors, report under company law. The Trustees confirm that the Annual Report and financial
ststements of the charitable company comply wth the current statutory requirements. the requirements of the
charitable company's governing document and the provisions of the Statement of Recommended Practice
{SORPI applicable to Charit￿es preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS1021 (effective 1 January 2019).
Lockers Park School Trust Limited is a legal entity that part ovms (25%) and leases the land, buildings and
other assets of the School 175%). The School is a charitable company limited by guarantee, therefore the
members of the Governing Body are also the directors and trustees of the charitable company. In addition, the
members of the Governing Body are also the School's company members.
The Governing Body is responsible and liable for the govemance and functioning of the School and the
strategic direction of the school.
ObJectiv88 and actlvfties
a. Pollcles and obJeGtlves
The principal objects of the Trust are:
to promote and provide for the advancement of education and in connection therewith to conduct, carry on,
acquire andlor develop in the United Kingdom (or in any other county) any l)oarding or day school or schools
for the education of children.
to provide facilities for recreation and other leisure time occupation for children in the interests of their social
welfare.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charty Commission relating to public benefit, induding the guidance 'Public benefit.. running a
charity {PB2)'.
b. Strategles for achlevlng obJe¢tlves
The Govemors are responsible for the overall management and control of Lockers Park School Trust Limited
and meet at least temily to review and approve any grant applications above the agreed budget and manage
the operational aspect5 of the Trust's activities. In addition, the Govemors meel regularly, nomially at least
once a year. to review and discuss Strategy.
Page 2

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectives and activities Icontlnued)
c. Activities undertaken to achlèv8 obJèctiV88
Lockers Park enjoys a long history, this heritage and its traditions helps to shape the character of the school,
staff and pupils. It aims to inspire a lifelong love of leaming in every child vtho enters the school, and offer a
first class. all-round education that provides academic progression, abundant opportunrlies and strong pastoral
principles. Complementing this is the work to gr(Y*V self-confidence, celebrate individuality. build resilience and
cultivate social interaction, insts'lling in each pupil morals and values that last a lifetime.
The school has put huge emphasis on developing leaming skills y￿thin the children. Staff have been trained In
helping children 'learn how to leam. (metacognition). The sthool's Leamer Profile 15 central lo thi5 and provides
a Gomerstone which we refer to when planning both curricular and co-curricular events. Our key leamer
attributes are as follows:
LOQKfRS PARK- I_EARNIR PRC)FI LI
OLQUL
INQUISMVE
WE THINKABOUT
WE KNOW
CXJLSCLVES AND OTMEK
ASPIRATKINAL
LOCKERS PARK
IAT. IVANT-,O iIF.
SINCE 1874
WI ENI()Y NIIV
CHALLENGI5
RE51UENT
wr. wi)RKTQGETHIR
The language is embedded with boys. staff and parents and is an integral part of the reward5 System. The aim
is to ensure that when pupils leave Lockers Park, they are equipped the skills and attributes to thrive in
Year 9 and beyond. For example, Year 6 took part in a Maths problem solving day which required collaboration,
resilience and creative thinking. The Leamer Profile give5 a focus for staff to plan around.
In addition, staff are encouraged to ￿eate opportunities for planning and delivering the STEM Subjects in an
integrated way. For the next academic year, the Arts Vifjll be induded viithin this., thereby creating STEAM. This
will continue to evolve within the broad curriculum.
Page 3

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guaranteè)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
ObJeetives and activities (contlnued)
The school is proud of the diverse backgrounds of the schod communty and encourages all pupils to share
their beliefs, traditions and cultural celebrations. This allows the whole school community to leam about and
appreciate drfferent cuhures and values.
Academic success is celebrated alongside the musical, acting, sporting and co-curricular achievements of the
pupils, and the school aims to help them discover hidden talents and initiate lifelong pa5sion5 along the way.
The School continues to attract boarders and flexi-boarders from UK resident families and overseas families,
The Boarding House is a thriving part of Ihe school community.
The focus is on continuing io deliver academlc excellence and to activety maintain children's mental wellbeing
with outstanding pastoral care. At all times the dual mission has been to support and educate, with safety and
wellbeing as a critical consideration.
As has been the case since the establishment of Lockers Park in 1874, its principal activities continue to be th&
provision of education in a day and boarding school. and this year Lockers Park averaged 204 pupils (2023..
177 pupils).
The School will conts'nue to offer a high quality, rounded education to all pupils, and provide a stimulating
learning environment in which pupils can develop their academic potential to the full.
Pupils are given the opportunity to experience a broad range of intellectual, cultural, sporting and wider-
community influences and within the extended day the children y￿11 often develop great friendship5 and social
skills as they interact in a less fonnal setting.
d. Grantrfnaklng pollcles
This year the value of scholarship and bursary aV￿rdS made to 31 pupils out of unrestricted funds was £40,442
and £66,392 respectively {2023.' 37 pupils.. £32,831 and £61,076). A further £8,919 was awarded from restricted
funds (a bequest to the school lo support an eligible pupil to financially continue his education at Lockers Park)
to cover 100 % of fees. Applications for bursary awards are considered by the Directors and awards made on
the basis of financlal infomi*'on w)vided by the parent{s) and within parameters set by the Directors.
Page 4

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectives and actlvltles (continued)
e. Maln actlvities undertaken to further the School's purposes for the publlc benefit
ndralsln
As ever, the Lockers Park community continued to support its favourite charities over the academic year as
follows..
Autumn Term
Christmas Carol Concert supporting DENS (local homeless charity) - £462
Christmas Jumper Appeal on behalf of Save the Children - £386
Children in Need Day- £179
Poppy Appeal on behalf of the British Legion- £227
Mcmillan coffee morning- £214
Spring Term
The annual sponsored walk. which took place in March 2024, raised £1,951 for the Collett School and £2,578
for DENS.
The school hosted a tickeled charity event on behalf of the Doddie Foundation in March 2024 which included
talk from Kenny Logan and Andy Gomarsall MBE as well as a charity auction. The event raised a total of
£4,265.
Summer Term
A total of £711 was raised for the Friends of Locker5 Park that will be reinvested into the infrastructure of the
school to support both pupils and academic partnerships wth local state schools. Such 88 additional resources
for our science and art departments.
As 2024 is the 150th centenary of the school, a fundraising drive was launched to increase our extra-curricular
provision with the introduction of a Woodland Food Technology Suite, a resource we intend to make available
to other local state schools. Pupils chose this project to mark the centenary for the benefit that learning to cook
would provide as an important life skill. Implementing food technology lessons has been on the school council
agenda for the past 10 years. Interesting to note that the cookery extra-curricular activity is a sell out each
term. The project cost is in the region of £750,000. So far a total of £121,080 has been raised and fundraising
will continue over the following year.
In tandem with this project the Draper Bursary, named after the school's first Headmaster, was also launched.
This will increase bursary opportunities in the coming years to enable more local boy5 to benefit form a Lockers
Park education.
Su
ortin
Bursa
Aided Pu
ils Be
ond Lockers Park
The school continues to work closely wth Senior schools to enable boys from less-advantaged backgrounds,
currently receiving bursarial support from Lockers Park. to continue to benefit from financial assistance after
transition. In addition, the School has supported current pupils through means-tested hardship provision when
families find that they are no longer able to afford the full school fees. The School welcomes and celebrates
pupils from all backgrounds. Lockers Park is committed to widening access for less-advantsged families via its
means-tested bursary provision.
Academic
artnershi
s with the State Sector
The school has continued to invest in academic partnerships ￿fjth local state schools. including inviting other
pupils to attend lessons and workshops as well as sporting activities and events, such as football and cross
country. The school has also made our minibuses available to South Hill Primary School.
Page 5

LOCKERS PARK SCHOOL TRUST
(A Company Llmlted by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectlves and activities Icontinued)
The school provided worf( experien￿ to six local pupils from three of the neighbouring stale secondary schools.
The school has also invited the Collet School Coffee van, which is run by their students in order to provide work
experience, to participate at charity events and to offer ad-hoc coffee stops for parents and staff.
Achlevements and perfomiance
a. Maln achlevements of the School
Lockers Park continues to provide teaGhing in small dasses in a safe, caring and nurturing environment within
the beautiful grounds, combining tradits'on with foThvard-looking progression.
Uniquely, the school supwts its parents by providing a fully flexible ￿aparOund provision from 7.30am to
7.30pm for pupils. at no addits'onal c05t to parents. The parents espeaally appreciate that the school requires no
notice for this ser4ice.
The School provides a wide variety of clubs and activities, and pupils also benefit from the School's extended
day, enabling them to accelerate their progress. The Sthool's academic resurts are excellent and represent
very significant "added value" from the baseline set as pupils enter the School. The pupils continue to flourish
and demonstrate significant personal development in a wide variety of areas, achieving high standards across
the curriculum and particularly in sport, drama, art and music. The school continues to develop and enhance its
already broad curriculum to ensure that the pupils are equipped wth the kno￿edge, skills, and examination
successes that position them for an outstanding start in life and inspires within them the confidence to
challenge convention and continue as inquisitive leamers.
Demand for places continues to grow and the academic year ended vrfith 205 pupils, the highest number of
pupils on roll at Lockers Park since its inception in 1874. The school plans to accommodate 240 pupils within
the next 5 years.
The school is proud that once again all Year 8 leavers progressed to a range of OLrtstanding senior schools
including Harrow, Eton, Rugby, St Albans, Radley and Oundle and five V￿re awarded scholarships.. Academic
(1), All-round (1) Art (1), and Sport <2)
b. Key perfonnance indicators
Access to Senior Schools - ¢￿$4stent success with boys gaining entry to top senior schools via entry tests in
Year's 6, 7 & 8.
Boys demonstrating progress in Standardised tests in intemal English and Maths
External recognition through scholarship awards, both academic and non-academic
External recognition through national awarding bodies - The school has achieved the Eco Schools Green Flag
Award (with distinction), the Green Tree School (platinum award) and the Green Apple Award. The School was
also shortlisted for the Muddy Stilettos. Happiest Boarding School Award and a finalist in the Independent
Schools Association's Boarding School of the Year.
Page 6

LOCKERS PARK SCHOOL TRUST
(A Company Llmited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achlevements and perf0m￿nCe (contlnued)
. Review of actlvltles
Residential Trips
The annual ski trip was as popular as ever with this yearfs group going io Italy. The school also provided a
science trip to Iceland. With the appointment of an Assistant Head C￿CU￿1¢UIar. we have re-organised the end
of year trips to broaden pupil's experience:
Year 8 - Isle of Wight activity centre (residential)
Year 7 - Tawd Vale activity centre (residential)
Year 6- camping at lockers
Year 5 - Lego Land vrforkshopslSilver5tone
Year 3 & 4- Celtic Harmony (residential)
Little Lockers - Enrichment week
b)
Sport
Sport continues to be a part of daily life at Lod(ers Park. All the boys in the Prep School have daisy coached
sport lessons and all have the opportunity to represent the School in matches against other schools. In addition
to the main sports of football, rugby and cricket, the pupils take part in fencing, table tennis, skiing, hockey,
golf, badminton, squash, basketball, athletics. cross country and swmming. Fixtures against other schools and
in national competitions ensured the pupils received plenty of opportunities to demonstrate their abilities. The
Pre-Prep pupils take regular PE lessons and make use of all available facilities.
Music
Lockers Park has a strong musical tradition, V￿th over 60QA of pupils enjoying individual music lessons In
addition to timetabled class music. This year saw the retum of in person performances and the set music
competition.
dl
Drama
The pupils continue to receive drama lessons with a 1 Oook pass rate in LAMDA exams. Two productions were
staged which provided opportunits'es for all pupils to participate in.
Other Extra-CurricLAar Activities
The pupils are encouraged to try new experiences and the school facilitates opportunities for this. The Art
Extension Group was again very well attended throughout the year. The school's very own Scout Troop, Cub
Pack and Beaver Colony continue to offer a diverse range of activities intended to help children develop skills
complimentary to those leamed in the classroom, whilst having lots of fun as part of this national Tnovement.
The Chess Club is popular, with boys giving up their break time to play games. Membership of the Eco
Committee and School Council is sought after by many pupils. In free time, the pupils many be found building
camps within our extensive grounds,. playing table tennis; pool and table football,. or playing games organised
by members of staff.
The Boarding House conlnues to offer a full calendar of events and outings. The take up of this has been high
with many events being oversubsctibed.
Friends of Lockers Park
The Friends of Lockers Park {FoLP) host a Series of soaal and fundraising events for parents and pupils each
Page 7

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achlevements and p8rforniance (continued)
year with an aim of both raising money for the school and local charities as V￿11 as bringing together parents,
stsff and pupils to promote a real community at Lockers Park. The Trustees wish to extend their gratitude to the
Friends for their sterling fvndraising support and the benefit this brings to the School.
This year the Friends were able to host a number of popular events induding the Brains of Lockers Quiz Night
and the annual Summer Ball. The Friends donated a total of £13,329 to the school this year. These funds
were used to provide new benches wrthin the grounds and to fund a range of educational resources for different
school departments induding science. art and drama.
d. Factors relevant to achlov• objectives
A comprehensive staff training programme was pui in place covering subjects such as Mental Health First Aid,
stsff coaching, teaching children with Autistic Spectrum Disorder (ASDI and rugby safety coaching.
The school has recently developed a strong Forest School offer, and the Boarding House has expanded the
range and quants'ty of events that have proved popular with pupils.
e. Investments made to enhance skills and faclllties
A capital investment in excess of £260k was spent on the following projects..
Completion of the Sports Hall Project with the installation of a dimbing wall, gym and golf simulator
New boilers for the swimming pool and the main building
New air conditioning unit for the ICT room
Updated refridgeration in the Catering Department
Addits'onal changing room lockers and benches
Refurbishment of the School Office
Additional cla55room furniture
Investment in improved WIFI, laptops, ipads and interactive screens
Updating of grounds equipment
Replacement of carpets in the Boarding House
f. Income generatlon
The school hosted t#VO residential lettings during the school holiday periods and demand for the holiday day
camp places, delivered through a contract with Cascade Camp5, remains strong.
g. Investment policy and perfornianco
These are governed by the Memorandum and Articles of the Company.
Financial revlew
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectsts'on that the School has adequate
resources to continue in operational existen￿ for the foreseeable future. For this reason, they continue to
adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of
the going concern basis can be found in the accounting poliaes.
Page 8

LOCKERS PARK SCHOOL TRUST
{A Company Llmlted by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
b. Reserves policy
The Charity Commission requires all charities to adopt a fomial policy in respect of their financial reserves and
explain for what future needs, opportunities, contingencies and risks they are required.
The Governors carefully monitor the schocA's perfomiance and cash flow to ensure it maintains sufficient free
reserves and liquid assets for its fiJture operations and working capitsl needs.
As at 31 August 2024, the school had total unrestricted reserves of £3,391,392 (2023.. £2,914,606) of which
£144,523 (2023.. £168,558) were held as Designated Funds for school development and capital expenditure
projects and the remainder as General Funds.
The Governors, policy is that free reserves, defined as General funds less fixed assets, should represent
between 8-12 weeks expenditure I£0.61m £0.92m) but may vary outside of this depending on the status of
school development plans. As al 31 August 2024, the school held free resetves 01 £1,100,342 {2023'.
£643,409). While this exceeds the sum required to cover 12 weeks of expenditure. Govemors wish to take
cautious approach in maintaining sufficient reserves. due to regulatory changes resulting from the imposition of
VAT and the current volatility affecting the independent sector, Govemors are also committed to maintaining
the high level of academic excellence within the School and continuing to invest in the capital infrastnjcture.
c. Flnanclal rlsk management obJectlv•s and pollcles
The Directors continue to review the School's activities, particularly with regard to major risks that may arise
from time to time, and to monitor the effectiveness of the system of intemal controls and other viable means,
Including insurance cover vthere appropriate, by which those risks already identified by the Directors can best
be mitigated.
Page 9

LOCKERS PARK SCHOOL TRUST
(A Company Llmlted by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, govemance and management
a. Constftutlon
Lockers Park Govemors are appointed as and when required at a meeting of the Lockers Park School board on
the basis of nominations received from the Trustees and Headmaster, having taken approprrate soundings from
other interested parties including staff and parents. Seleth'on is made from candidates wtth differing
professional qualifications l experiences lo ensure a wide range of skills are available.
The Directors of the Company are the Govemors of the School and also the Trustees of the Charity.
The Directors are elected at a Directt>rs' Meeting and only the exists'ng Direclors are entitled to nominate and
appoint new Directors.
Chris Lister (Chair)
Oliver Abel Smith (Chair- Remuneration, Governance and Nominations Committee and Designated Governor
for Safeguarding)
Sam Baldock (Chair- Education Committee)
Justin Snoxall (Chair- Finance & General Purposes Committee)
Kirsty Eddison
Stafford Lancaster
Tristan Lloyd-Baker
Anna Hutton-North (Designated Govemor for Marketing)
Daniel Eldridge {appointed June 2024)
Bhavna Choraria (appointed June 2024)
Gavin Taylor
Headmaster
Noeleen Corrigan Deputy Head
Tim Dawes
Director of Studies
Jackie Stevens
Bursar
The Full Board of Trustees meet at least once a term to provide oversight of the management and operation of
the School. Elements of this oversight is delegated to su1￿CoMM[tteeS of the board which are chaired by
individual Directors.. The Finance & General Purposes Committee (chaired by Mr J. Snoxall), the Education
Committee (chaired by Mr S. Baldock). and the Remuneration, Govemance & Nominab'ons Committee (chaired
by Mr O. Abel Smith who is also the designated Govemor for Safeguarding). These Committees meet at least
once a term, prior to the full Board meeting.
New Trustees are required to tske part in induction training programrnes provided by the Association of
Goveming Bodies of Independent Schools and other bodies. They are inducted into the working5 of Lockers
Park through a visits programme. discussion and an introductory pack.
Plans for future periods
Demand for place5 in year 7 & 8 has increased to three fomis for each of these year groups. The school is
planning capital projects thal will increase Spa￿ capacity wthin the main building and to provide improved
parking facilities for the school community. Fundraising wll continue to raise the necessary funds to build
Woodland Food Technology Suite.
Page 10

LOCKERS PARK SCHOOL TRUST
(A Company Llmlted by Guardntee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Dlsclosure of Infomiatlon to audltors
Each of the persons who are Trustees at the time wthen this Trustees, Report is approved has confirmed that..
so far as that Trustee is a4vare, there is r￿ relevant audit informats'on of b*hich the charity's auditors are
unaware; and
that Trustee has taken any relevant audit infomiation and to establish that the charity's auditors are
aware of that infomiation.
Audltors
The auditors, Haslers, have indicated their ￿lIlingneSS to continue in office. The designated Trustees ￿ryI1
propose a rnots'on reappointing the auditors at a meeting of the Trustee&
Approved by order of the members of the board of Trustees on 22 January 2025 and signed on their behalf by:
C Llster
(Chair of Trustees)
Page11

LOCKERS PARK SCHOOL TRUST
IA Company Llmlted by Guardntee)
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees (who are also the directors of the School for the purposes of company law) are responsible for
preparing the Trustees, Report and the financial statements in accordance wtth applicable law and United
Kingdom Accounting Standards (United lingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the School and of its incoming resources and application of resources, including its
Income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
select suitable accounting pc4icies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and PTudent',
stste whether applicable UK Accounting Stsndards (FRS 1021 have been followed. subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concem basis unless it 15 inappropriate to presume that the
School will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the School's transactions and disclose with reasonable accuracy at any time the financial position of the School
and enable them to ensure that the financial stalements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the School and hence for taking reasonabl8 Steps for the prevents'on
and detection of fraud and other irregulartties.
Approved by order of the members of the board of Trustees on 22 January 2025 and signed on its behalf by..
C Llst8r
(Chair of Trustees)
Page 12

LOCKERS PARK SCHOOL TRUST
IA Company Llmlted by Guarantee)
INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF LOCKERS PARK SCHOOL TRUST
Oplnlon
We have audited the financial statements of Lockers Park School Trust (the 'charitable company,) for the year
ended 31 August 2024 ￿thIch comprise the Statement of Financial Activities, the Balance Sheet. the Stalement
of Cash Flows and the related notes. including a summary of signrficant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinlon the flnancial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its
incoming resources and application of resources, induding its income and expenditure for the year then
ended.,
have been properfy prepared in accordance V￿th United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing (UIQ (ISAS (UK)) and
applicable law. Our responsibilities under those stsndards are further described in the Auditors, responsibilitie5
for the audit of the financial statement5 section of our report. We are independent of the charitable company in
accordance with the ethical requirements that are relevant to our audit of the financial statements in the United
Kingdom, including the Financial Reporting Counol's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, have concluded that the Trustees, use of the going concem basis of
accounts'ng in the preparation of the financial statements is appropriate.
Based on the worf( we have performed, have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to
continue as a going concem for a period of at least hvelve months from when the financial statements are
aLrthorised far issue.
Our re5ponsibilits.es and the respon5ibilits.es of the Trustees V•ith respect to going concem are described in the
relevant sections of this report.
Page 13

LOCKERS PARK SCHOOL TRUST
(A Company Llmited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LOCKERS PARK SCHOOL TRUST
(CONTINUED)
Other Information
The other infomiation comprises the infomation induded in the Annual Report other than the financial
statements and our Audrtors, Report thereon. The Twstees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the olher information and,
except to the extent othenmse explicitly ststed in our report, we do not express any form of assurance
onclusion thereon. Our responsibility is to read the other information and, in doing 50, consider vthether the
other information is materially inconsistent wlh the financial statements or our knowledge obtained in the
course of the audit, or otherwrse appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements. we are required to detennine whether this gives rise to a material
misstatement in the financial statements themselves. If, based on the work we have perfomied, we conclude
that there is a material misstatement of this other information. are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters vthere the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the infomiation given in the Trustees, Report is inconsistent in any material respect with the financial
statements., or
sufficient accounting records have not been kept. or
the financial statements are not in agreement wth the accounting records and retums- or
we have not received all the infomiation and explanations require for our audit.
Responslbllltles of trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees {who are also the directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements Ihat are free from material
misstatement. whether due to fraud or error.
In preparing the financial siatements. the Trustees are responsible for assessing the charitable company's
ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the
going concern basis of axounting unless the Trustees either intend to liquidate the charitable company or to
cease operations, or have no realistic altemats-ve but to do so.
Page 14

LOCKERS PARK SCHOOL TRUST
(A Company Llmlted by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LOCKERS PARK SCHOOL TRUST
(CONTINUED)
Audltors. responsiblliti88 for the audit of the flnanclal statements
We have been appointed as auditor under section 144 of the Chartties Acl 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance aboLrt %thether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, bui is not a guarantee that an audit conducted in
accordance vAth ISAS (UK) will athys detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basi5 of these financial statements.
Irregularities, includlng fraud, are instsnces of non-compliance wth laws and regulalions. We design
procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below.
Based on our understanding of the legal and regulatory frameworks that are applicable to the entity we have
considered those that have a direct and indirect material impact on the financial statements and operations of
the company. These Indude bul are not limited to the Charitie5 Act 2011, GDPR. and Employment and Health
& Safety legislation.
We obtained an understanding ol how the company are complying Y￿th those legal and regulatory frameworks
by making inquiries to the management. We corroborated our inquirie5 through our review of documentation
generated and assessing the exlent of compliance V￿th the relevant laws and regulations.
We discussed among the audit engagement team regarding the opportunities and incentives, including
management override of controls, that may exist within the organisab'on for fraud and how and where fraud
might occur in the financial statements.
As a result of performing the above, we identified the greatest potential for material misstatements due to fraud
are in the followng areas, and our specffic procedures perfomied to address these are described below..
The risk of management override of controls is the area where the financial statements were most susceptible
to material misstatement due lo fraud. In addition, the key princtpal risks related to the existence of
inappropriate joumal entries to impact the profft for the year and management bias in accounting eslirnates.
Procedures performed to address these were as follows:
Identifying and assessing the design effectiveness of controls management has in place to prevent and
detect fraud. This included corroboration by review of Board Minutes and review of Gorrespondence with
relevant bodies.,
. Understanding how those charged wilh govemance considered and addressed the potential for override of
controls or other inappropriate influence over the financial reporting process:
Undertaking testing designed to test the controls in place wthin the procurement system induding access
and Gontrols in relation to banking., and
Identifying and testing journal entries, in particular any unusual joumal entries posted around the year-end
and journal entries posted by infrequent system users.
Page 15

LOCKERS PARK SCHOOL TRUST
(A Company Llmtted by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LOCKERS PARK SCHOOL TRUST
(CONTINUED)
Because of the inherent limitations of an audit, there is a risk that V¥ill not detect all irregularities, including
those leading to a material misstatement in the financial ststements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we wll be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than e￿or, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial 5tatement5 15 located on Ihe Financial
Reporting Council'8 website at.. wMv.frc.or
.uklaudit
nsi
This description fomis part of our
Auditors. Report.
Use of our report
This report is made solely to the charitable companls tNstees, as a body. in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit V40rk has been undertaken so that we might state
to the charitable company's trustees those matters y￿ are required to stste to them in an Audltors, Report and
for no other purpose. To the fullest extent pennitted by law, we do not accept or a55ume responsibility to
anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for
the opinions have formed.
Haslers
Chartered Accountants
Statutory Auditor
Old Station Road
Loughton
Essex
IG10 4PL
22 January 2025
Haslers are eligible to act as auditors in temis of section 1212 of the Companies Act 2006.
Page 16

LOCKERS PARK SCHOOL TRUST
(A Company Llmkted by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
Restricted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Incom6 from:
Donations and legacies
Fees Receivable
Interest Income
Other income
138.169
138,169
4.328,228
70,109
26,142
60, 180
3,438,465
20.084
37,071
4,328,228
70,109
26,142
Total Income
138,169
4,424,479
4,562,648
3,555,800
Expendlture on:
Charitable activities
26.028
3,947,694
3,973,722
3,354, 718
Total expendfture
26,028
3,947,694
3,973,722
3,354, 718
Net movement In funds
112,141
476,785
688,926
201,082
Reconciliatlon of funds:
Total funds brought forward
Net movement in funds
8,919
112,141
2.914,606
476,785
2,923,525
588,926
2, 722,443
201,082
Total funds carrled forward
121,060
3,391,391
3,512,451
2,923,525
The Statement of Financial Activities indudes all gains and losses recognised in the year,
The notes on pages 21 to 36 fomi part of these financial statements.
Page 17

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guarantee)
REGISTERED NUMBER: 01090034
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2024
2023
2023
Note
Flxed assets
Tangible assets
2.146.527
2, 102, 639
2,146,627
2, 102, 639
Current assets
Debtors
Cash at bank and in hand
12
1.105.373
2,216,476
637, 160
1,892, 894
3,321,849
2,530, 054
Creditors: amounts falling due within one
year
13
{1,955,924)
(1, 709, 168)
Net current as8et8
1.365,925
820,886
Total assets less current Ilablllties
3,612,462
2,923, 525
Totsl net assets
3,512,452
2,923, 525
Charity funds
Restricted funds..
Restricted funds
14
121,060
8,919
Total restricted funds
Unrestricted funds
14
121.060
8,919
Designated funds
General funds
14
14
144,523
3,246.869
168,558
2. 746,048
Totsl unrestricted funds
14
3,391,392
2,914,606
Total funds
3,512,452
2, 923,525
The entity was entrtled lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtsin an audit for the year in question in accordance with Section
476 of the Companies Act 2006.
However, an audit is required in accordance with section 144 of the Charities Act 2011.
Page 18

LOCKERS PARK SCHOOL TRUST
IA Company Llmfted by Guarantee)
REGISTERED NUMBER: 01090034
BALANCE SHEET ICONTINUED)
AS AT 31 AUGUST 2024
The Trustees acknovledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for Issue by the Trustees on 22 January 2025 and
signed on their behalf by:
C Llster
(Chair of TTUSte85)
The notes on pages 21 to 36 fomi part of these financial statements.
Page19

LOCKERS PARK SCHOOL TRUST
IA Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Cash flows from operatlng activitles
Net cash used in operating activities
514,940
688.681
Cash flows from investlng actlvlties
Purchase of tangible fixed assels
Interest income
(261,467) (261, 340)
70,109
20, 084
Net cash used in investlng actlvltles
1191,358)
(241,256
Change In cash and cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
323,582
447,426
1,892,894
1,445, 469
Cash and cash equlvalents at the end of the year
2,216,476
1,892,894
The notes on pages 21 to 36 fomi part of these financial statements
Page 20

LOCKERS PARK SCHOOL TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
1.1 Basls of preparatlon of financial statements
The financial statements have been prepared in accordance wth the Charities SORP (FRS 102) -
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicabSe in the UK
and Republic of Ireland {FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Lockers Park School Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless Otherwise stated in the
relevant accountin9 policy.
1.2 Income
All income 15 recognised once the School has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Fees receivable and charges for servi￿5 are accounted for in the period in which the Service is
provided. Fees receivable are stated after deducting allowances, stholarships, bursaries and other
remissions allowed by the sdiool.
Grants are induded in the Statement of Financial Activities on a receivable basis. The balance of
Income received for specific purposes but not expended during the period is shown in the relevant
funds on ihe Balance Sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment
Income is receivable.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economlc
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classtfied by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributsble to a single
activity are allocated directly to that activrty. Shared costs which contribute to more than one activity
and support costs whidi are not attributable to a single activity are apportioned be￿een those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
School's objectives, as well as any associated support costs.
All expenditure is inclusive of I￿eCoVerable VAT.
Page 21

LOCKERS PARK SCHOOL TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng pollcles Icontjnued)
1.4 Tanglble flxed assets and depreclatlon
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreoation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into its intended working
condition should be inciuded in the measurement of cost.
Leasehold propety improvements, the Covenant Propety and the 2010 Appeal Account are being
depreciated over a 25 year period on a reduring balance basis, except for the swimming pool
improvements (included Kfjthin Leasehold property improvements) whith are depreciated over a 15
year period on a straight line basis.
Depreciation is provided on other fixed assets on the following basis..
Freehold propety
Motor vehides
Fixtures and fittings
Not depreciated
25% Straight Line on cost
20% Straight Line on cost
1.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.6 Cash at bank and In hand
Cash at bank and in hand indudes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquistiion or opening of the deposit or similar
account.
1.7 Llabllltles and provlslons
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit w￿11 be required in settlemenl, and the
amount of the settlement can be ests"mated reliably.
Liabilities are recognised at the amount that the School anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or service5 it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
Where the effect of the time value of money is material. the provision is based on the present value
of those amounts. discounted at the pre-tax discount rate that reflects the risk5 specific to the
liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a
finance Gost.
1.8 Flnanclal instruments
The School only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
sUbseqUen￿Y measured at amortised cost using the effective interest method.
Page 22

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies Icontlnued)
1.9 Operating leases
Rentals paid under operating leases are charged to the Statement of Financial Activities on
straight-line basis over the lease temi.
1.10 Penslons
The Charity operates a defsned contribution pension scheme and the pension charge represents the
amounts payable by the Charty to the fund in respect of the year.
1.11 Fund accountlng
General funds are unrestricted funds which are available far use at the discretion of the Tru5tee5 in
furtherance of the general objectives of the School and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance wtth specific restrictions imposed by
donors or whith have been raised by the School for particular purposes. The costs of raising and
administering such funds are charged against the 5pecifiG fund. The aim and use of Èach restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donatlons and legacles
Restrfcted Unrestrfcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
138.169
138,169
60,180
Total 2023
10,000
50,180
60,180
Page 23

LOCKERS PARK SCHOOL TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from charitable actlvltles
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Fees income
Rents and lettings
4,283,703
44.525
4,283.703
44,525
3,377,065
61,400
4.328.228
4,328,228
3,438, 465
Total 2023
3,438,465
3, 438, 465
Investment Income
Unrestricted
funds
2024
Total
funds
2024
Tot81
funds
2023
Interest receivable
70.109
70,109
20,084
Total 2023
20, 084
20, 084
Page 24

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Other incoming resources
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Remedial sources
SEN Funding
11,670
14,472
11,670
14,472
11,010
26,061
26.142
26.142
37,071
Tot812023
37,071
37,071
SEN funding is EHCP funding receNed from Buckingham County Council.
Analysls of expendlture on charftable actlvltles
Summary by lund type
Restricted Unrestrlcted
funds
funds
2024
2024
Total
2024
Tot81
2023
School
26,028
3.947,894
3.973.722
3,354, 718
Total 2023
29,215
3,325, 503
3,354, 718
Analysls of expendlture by activltles
Actlvilles
undertaken
dlrectly
2024
Total
funds
2024
Total
funds
2023
School
3,973,722
3,973.722
3,354, 718
Total 2023
3,354, 718
3,354, 718
Page 25

LOCKERS PARK SCHOOL TRUST
(A Company Limitsd by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure by activities (continued)
Anatysls of direct costs
Total
funds
2024
Total
fvnds
2023
School
2024
Staff costs
Depreciation
Teaching resources
Govemance costs
Staff training
Administrative costs
Premises expenses
Catering Expenses
Insurances
Bank charges
Advertising and marketing
Motor and travelling
Kitchen costs
Legal and professional
School inspection costs
Entertainment cosls
2.609,584
217.578
220,224
17,900
16,886
69,257
417,330
172.291
35,710
3.021
93,005
23,968
6,478
65,369
3,869
1.252
2.609.684
217,578
220,224
17,900
16,886
69,257
417,330
172.291
36,710
3.021
93.005
23.968
6.478
65,369
3,869
1.262
2,298,304
178, 552
122,013
23, 100
20, 199
40,215
332, 689
138,557
28,356
q,883
118,233
15, 131
9, 638
23,467
4,38t
3.973,722
3,973,722
3,354, 718
Tot812023
3,354, 718
3,354. 718
Audltors. remuneration
2024
2023
Fees payable to the School's auditor for the audtt of the School's annual
accounts
16.850
16,200
Fees payable to the School's auditor in respect of..
All non-audit ser4ices not induded above
24,010
5, 730
Page 26

LOCKERS PARK SCHOOL TRUST
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contTibution pension schemes
2.149.829
184.438
27S,316
1,936,812
165,844
195,647
2,609,583
2,298, 303
The average number of persons employed by the Sch<)ol during the year based on headcount was as
follows..
2024
No.
2023
Teaching
Teaching assistants
Admin
Other
26
27
41
39
79
The number of employees whose employee benefits (exduding employer pension costs) exceeded
£60,000 was:
2024
No.
2023
No.
In the band £60,001- £70.000
In the band £80,001- £90,000
In the band £90,001- £100,000
10. Trustees. remunerallon and expenses
During the year. no Trustees received any remuneration or other benefrts (2023- £NIL).
During the year one trustee was reiTTTrbursed travel expenses amouting to £2,54212023 . £NIL)
Page 27

LOCKERS PARK SCHOOL TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11. Tangible fixed assets
114 share of Long-temi
freehold
leasehold
property
property
Furniture.
Motor fixtures and
vehlcles
fittings
Total
Cost or valuatlon
At 1 September 2023
Additions
100,000
4.676.146
145,033
51.647
1,157,117
116,434
5.984.910
261,467
At 31 August 2024
100.000
4,821,179
61,647
1,273,551
6,246.377
Depreclatlon
At 1 September 2023
Charge for the year
2,813,748
158.192
47.647
1.000
1,020.876
68,386
3,882,271
217,578
At 31 August 2024
2,971,940
48,647
1,079,262
4,099,849
Net book value
At 31 August 2024
100,000
1,849,239
3,000
194,289
2,146,528
At 31 August 2023
100,000
1,862,398
136,241
2, 102, 639
Page 28

LOCKERS PARK SCHOOL TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12.
Debtors
2024
2023
Due wlthln one year
Trade debtors
Prepayments and accrued income
922,515
182,858
593,576
43.584
1,105,373
637, 160
Prepayments and aGcwed income indudes amount for schod trips due to take place in the next
financial year totslling £81,602 {2023'. £2.892).
13. Credltors: Amounts falllng due wlthln one year
2024
2023
Trade credrtors
Other creditors
Other tsxation and social securty
Accruals and deferred income
78,674
1.786,058
49,888
42,304
32.974
1,501,951
46,400
127,843
1,956,924
1,709, 168
Other creditors indude amounts for pupil deposits and tenn fees which have been raised in advance
totalling an amount of £1.779,617 (2023- £1,496,535).
Page 29

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14. Statement of funds
Statement of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Transfers
Inlout
Income Expendlture
Unrestricted funds
Deslgnated funds
Caprtal Expenditure
150th Project
168,558
14,035)
(20,000)
(20.000)
20.000
144,523
168,558
{24.0361
144.523
General funds
Revenue Account
2,746,048
4,424,480 13,923,659)
3,246,869
Total Unrestrlcted funds
2,914,606
4.424.480
(3,947,694
3,391,392
Restrlcted funds
150th Project
Assisted places
138,169
(17,109)
18.919
121,060
8,919
8,919
138,169
(26,028)
121,060
Total of funds
2,923,525
4,562,649
(3,973,722
3,512,452
Page 30

LOCKERS PARK SCHOOL TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1& Statement of funds (continued)
Designated Funds
The Capitsl Expendrture Fund provides funding towards caprtal expenditure and development of the
school.
The 150th Project Fund relates to funding towards buying merchandise for the 150th fundraislng project.
The transfer between the designated funds represent funds which were agreed by the trustées to be
spent on expenditure in relation to the 150th Project.
Restricted Funds
The 1501h Project Restricted ftjnd relates to funding towards the building of Ihe Woodlands Food Tech
suite.
The Assisted Places Restricted Fund provides funding towards assisted places costs.
The School Hall Development Restricted Fund relates to a donation recelved for the purpose of
redeveloping the school sports hall.
Page 31

LOCKERS PARK SCHOOL TRUST
IA Company Limited by Guarnntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14. Statement of funds (continued)
Statement of funds - prlor year
Balance at
1 Seplember
2022
Balance at
31 August
2023
Transfers
in/out
Income Expendkure
Unrestrlcted funds
Deslgnated funds
Capital Expenditure
192,022
(73,504)
50,040
168, 558
General funds
Revenue Account
2.502. 287
3,545,8(￿ (3, 251, 999)
(50.040) 2, 746, 048
Total Unrestrlcted fund5
2,694,309
3.545,800 (3.325.503)
2,914,606
Restrlcted funds
Assisted Places
Sports Hall Development
28, 134
(19,215)
(10,000)
8,919
10,000
28, 134
10.000
(29,215)
8,919
Total of funds
2. 722.443
3, 555, 800 (3, 354, 718)
2, 923, 525
Page 32

LOCKERS PARK SCHOOL TRUST
IA Company Llmfted by Guarantee>
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15. Summary of funds
Summary of funds- current year
Balance at 1
September
2023
Balance at
31 August
2024
Transfers
Inlout
Income Expendlture
Designated funds
General funds
Restricted funds
168,558
2,746,048
8,919
(24,0351
4,424,480 13,923,659)
138,169
(26,028)
144.523
3,246.869
121,060
2,923,525
4,562,649 13,973,722)
3,512,452
Summary of funds- prlor year
Balance at
1 September
2022
Balance at
31 August
2023
Transfers
in/out
Income Expenditure
Designated funds
General funds
Restricted funds
192,022
2,502,287
28,134
173,504)
3,545, 800 (3,251, 999)
10,OL
(29,215)
50,040
168,558
(50, 040) 2, 746, 048
8,919
2, 722,443
3,555,800 (3,354. 718)
2,923,525
Page 33

LOCKERS PARK SCHOOL TRUST
{A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. Analysis of net assets between funds
Analysls of net assets between funds - current perlod
Restrfcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
2,146,527
2,146,527
3.200.789
3,321.849
(1,955.924) (1,965,924)
121.060
Total
121,080
3,391,392
3,512,452
Analysls of net assets between funds - prlor perlod
Restricted Unrgstricted
runds
fvnds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
2, 102, 639
2, 102, 639
2,521, 135
2,530,054
(1. 709, 168) (1, 709, 168)
8,919
Total
8,919
2,914, 606
2, 923, 525
Page 34

LOCKERS PARK SCHOOL TRUST
{A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
17. Reconciliation of net movement in funds to net cash flow from operatlng activitles
2024
2023
Net income for the period (as per Statement of Finanaal Activltles)
588.926
201,082
Adlustments for.
Depreaab'on charges
Interest income
Decrease in stocks
Decreasel{increase) in debtlxs
Increase in creditors
217.678
170,109)
178,552
(20,084)
7,171
87.042
234,918
(468,213)
246.758
Net cash provlded by operatjng actlvltles
514,940
688, 681
18. Anatysls of cash and cash equlvalents
2024
2023
Cash in hand
2,216,476
1,892,894
Total cash and cash equlvalents
2,216,476
1,892,894
19. Analysls of changes In net debt
At31
August
2024
September
2023 Cash flows
Cash at bank and in hand
1.892,894
323.582
2,216,476
1,892,894
323,682
2,216,476
Page 35

LOCKERS PARK SCHOOL TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20. Pension commitm8nts
The charity operates a defined contribution scheme vA)ose assets are held independently and
administered separately from those of the charity. During the year, the cost was £275,316 (2023..
£195,647).
Contributions totalling £5,441 (2023.. £4.080) were payable to the fund at the balance sheet date and are
Induded in creditors.
21. Operatlng lease commltments
At 31 August 2024 the School had commitments to make future minimum lease payments under non-
cancellable operating leases as follow5..
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
60,000
240,000
240,000
60,000
240, 000
300,OQO
640,000
600,000
The operating lease relates to rental commitments that cover the 75% of the school freehold that is
leased by the school.
22. Members, Ilablllty
Each member of the charitable company undertakes to contribute to the assets of the company in the
event of it being vlound up while helshe is a member, or within one year after helshe ceases to be a
member, such amount as may be required. not exceeding £1 for the debts and liabilities ¢ontraded
before helshe ceases lo be a member.
23. Related party transactlons
During the year the Trust reimbured trustees £2,542 (2023.. £NIL).
There were no OLrtstanding tsalan￿5 ov￿ng between related parties and the Trust at 31 August 2024
(2023: £NIL).
Page 36