8EECHWOOD PARK SCHOOL UmED FINAJ4CIAL STATEMEp¥rs FOR THE YEAR ENDED 31ST AUGusf 2021 Company reglstered number: l)0820476 Charlty number: 311068 IAOORE KINGoN SMrrH LLP DEVONSHIRE HOLISE 60 GO5LL ROAD LONi)ON EC1M 7AD
BEECHWOOD PARK SCHOOL UIAtrED FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31ST AurlST 2021 Company information Go¥ernots' rew)rt 2-12 Independent auditors, repjrt 13- 16 Statement of fTnancial activities 17 Balance sheei 18 StaleNnt of Cash Flows 19 14otes lo the financial statements 20-31
BEECHWOOD PARK SCHOOL LIIIITED GOVERNORS. OFFICERS AND ADVISERS YEAR ENDED 31ST AUGUST 2021 GOVERNORS. DIRECTORS AND CHARrrY TRUSfEES The Governor5 of Beechwood Park School Limited i-lhe Schry)I"l are the Schcrf)I's chan'ly trustees under charity law and ihe directOf5 of the charitable cornpany. The member5 of the Governing who served in offke a5 Governors during the year and subsequently are deTrIed below.. tr S W Black" Mr A M Briscoe Mrs J A 8rown M Cus5ans Mr5 C E Cutlert (Vice Chairl Mr G P Freernan Mr J W J Gillespie Mr M W Harnmond (Chairl Mr J S fvbdg50n G E Mairs" Or R J Maloney Ms Y M W£rcer Mr5 L C Roberts N G Scragg Mrs K E Swaine Mr S J Thompson Prof R M Viner CBE Elected 711212020 Elected 7/912021 Elected 711212020 Resigned 171912021 Resigned 311812021 Elected 711212020 111 Education Committee 121 Academic Committee 13) Co-curncular Committee 141 IT Cornmittee 151 Pastoral Care and Welfare Committee 161 General PurF¥)ses Committee 171 Finafice Commiltee 181 Building an¢J Estates Comrnittee 191 Public 8enefit Committee 1101 Health and safety Comrnittee 1111 Marketin8 and Adrnissions Commiitee 1121 Pensions SCOmMIttee Pafeni of wpil ai tP* Sch)ol OFFICERS E W Balfour A M C RKller Head 6ur5arlClerk io the Governinq Body Prfnclpal Address and Reglstered Offlce Beechwood Park khool. Ilorkyate. Si ban5. Herts. AL3 8AW Audttors McM)re Kingston Smith LLP. Devonshire H(. 60 Goswell Road, London. EC1M 7AD Legal Athisors FarTer & Co LLP. 66 Lincoln's Inn Fields. London. WCZA 3LH Page 1
BEECHWOOD PAK XHOOL LIIAITED GOVERNORS, REPORT FOR THE YEAR ENDED 311? AUGUST 2021 The GOVerr$ wesent their report and ihe audited financial statements for the year ended 31st Augvst 2021. This report represents a Directors. report under the Companies Act 2fA16 and tl Trustees. K)rt under the Charities Act 2011. These financial statemÈnts cornply with curreTri law and regulatory requiiernents including the FRS 102 Charities SORP. REFERENCE AND ADMINISTRATIVE IPFORIAATION Beech10d Park School l-lhe School" or-Beectrrtwd"I Wds founded in 1964. It Is constituted as a company limited by guarantee Tegistered England. ). (1)820476. and 15 regi51eretl with the Chatity Comrnissio under Charity 14J. 311068. Detai15 of the rnemters of Goming Body, iogether with the sChl.$ officers and principal advisers are given on Page 1. STRucfuRE. GOVERNANCE AND hilNACNT Gjvemlng Documents The Sc)1 is gThErned by Its Artides of Association last amended on 5 July 2021. vernlng Body The Goveming Body is self-apint}Tr4. GoNtrnors hold office for years. whereupon may Èe reappointed for a further five-year temi. The Chair and Vice Chair may a further fTve-year term. There may be no MO than 19 antl no fewtr than 9 GoverTh)rs. None of the Gover[r5 has any beneflcial interest in t1 company. All of GONErr$ are members of the ompany and guarantee to COThlnLMJte £1 in tl eNtnt of a winding up. The School has taken out Director5 and Office¥5 liability Inrance for the Governots. Recrultment and trainlng ol CThernors The Go¥trning Body. in carrying out lis duti. dravo on a wi( range of dIffet skills and eypertise. The recruitment and appointment process for Gobemors selects candidates frorn diverse backgrounds and disciplines. The prirnary focu5 is on provision of educational anij academic eyrtise. wth some Df the Go¥ernor5 Ing Heads at independent schools. Thi5 5er¥es to strengthen tlE relationship beiween schools and enables Beechwood to draw on experiÈnte from other educati¢al sectors. The School also recruit5 GoNernor5 to prowde Commerc1. legal, estate management, health and safely, marketln8 or financial expertise. Many Go¥rrnors are former parents of wpi15 at Beechwood. When the Schcol identifie5 a gap Tn ihe skills base, or wthen a resignation takes place, Governors propyJ5e 5Ultable candidates. The Chair and the Head follow the khool's &)vernor Induction Procedure, inviting the candidate to attend a selection p)ceSS with the Chair. The Chair con51ders the candidate'$ 5Uitabitity agaEnst the srandard Role Descnption for all gownors, as well as t1 descnpttron of the vacant role. The Chair circulates the candidaie's qualificaih)ns to all other Go%rnors for their approval. If approved. the Chair a5k5 the candiijate to attend the next meeting of &1verrrs. and the Govemor5 then formally confirm the appointrnent. st new Governors are 3lrea¢fy familiar th the School. bjt will foll¢)w a well-established induction programme run by Chair. Head and BursaT. This irK(wrates the %%vrkings of the GovernTng Body, its role and its restM)nsibilities. Tr School also offers new Governors governance training with the AssociotTOII of Governrng Bodies ol Independent Schools IAGBISI. or Independent khoo15' 8ur5ars' Associotion IISBA}. As part of iheir induction. Governor5 undertake Schcx)l-skEcrfic Child Protection and Safer Recruitrnent training, as well as receivins regular updates from AGBIS, the IAPS, ISC. BSA aTrd other professional bodies. Page 2
BEECHWOOD PARK SCHOOL UMITED GOVERNORS, REPORT FOR TrIE YEAR eNDED 31ST AUGUST 2021 Or8antsational Mamgemènt 12mtErs of ihe Governins 80¢fy. as the chariiy trustees, a legally reskKnsible for the overall management and control of the School. The Governing Boty meeis iermly w consider an¢J ratify School p¥)lici@s and long- term developrnent strategy. The GoNrnors also rneet regularly with the Head, Bursar and Senior Leadership Team ISLTI to consider the next stages of the klk)ol's De¥elopNnt Plan. The following Committees meet at least termly to o%er5ee the leadership and manasement of the folIting area5 of the School's provi510n'. The Educatlon Committee, chaired by Maureen Cussans, has (tegated re5rxinsibilJty to oversee all areas of the School's edUcalnal provision aThd o¥ersee5 the ¥wrk of the foll¢Mng committees.. Academic Committee, chaired by Dewty Heèd Ika¢mKI. ¥thich oversee5 the strate8ic development of the School's academK wtsvi5ian: CTrCurricular Committee, chaired by the Director of Co-CuTrKular, which oversees the strategic development of the School's co-cumcular prov75ioTh includin8 SF¥)rt. MUSK, drama. DT, Fo5t khool, After khool Clubs, co.curncular trip5 and ityJr5" Commfttee. chaired by the Head. which oversees the slrategK development of all aspect5 of the School's lechnological debelopment incluth.ng SCI1.5 tjigital curnculum and the authonsation for procurernent of rnajor irems., Pastoral Care and Welfare Comrnittee. chaired by Clare Cutler. the Governor with specific reskxsnsibility for Child Protection. which oversees all a¥CLs of the School's pastoral care including its safeguarding, child OtectI¢>ft. LMJpiI conduct. catenng, boarding and meddI prowsioh. The General Purposes Commfjttee. chaired by PA)rk HarnnKJnd. has delegated re4nSIbIlItY to oversee ihe deNElopment of all a$tS of the School's strategic operations. The Commlttee oversee5 Ihe work of the follon8 stsb.comrnittees: Flnance Commlttee. chaired by Neil Scragg. Grnor with specific responsibility for financial matter5. has deleyated reswn5ibility for overseeingall a5pecis of the SchtyJl'5 finances including the setting ol fees staff remuneration- Bullthng5 and Estates Committee. ehaired byscott Black, which mtsnitors the maintenance and development of the Beechwood esth: Public Benefft Commfttee, chaired by Simon Th)mpson, which 0r5eeS the School's publlc nefit prowsion ilUdIng tr¥Jr5ary award5.' Health & Safety Committee. chaired by the Bursar, which oversees all healih and safety Issues In rhe School and ensures that all mernters of the School Tecei¥ wfficient infortnation and Iraining io efi5ure a highly effeciNe healih and safety cullure. Russell Viner IS the governor with specifi£ reswjnsibility for oversight of health and safety,. Marketing & AdmIsSk Committee. chaired by Gamn PA)irs, oversees School's marf(eting strategy and pupil roll; Pensions Sub-commlttee. chaired by Guy Freeman, ¥thich oNErsees the khool's staff Fension schemes. The School is led by the Head wih financial and administrative decisions taken in conjunction th the Bursar. They and the the Deputy Heads a the key leadership peryA)nnel of the School. supty)rted by a broader Seniof Leadetship Team. Page 3
BEECHWOOD PSeK SCHOOL LIMITED GOVERNORS, REPORT FOR THE YEAR ENDED 31$1 AUGUST 2021 Remuneratlon The Governing Body sets remuneration, wilh Lhe KM)licy ob)ective of prowding appropnate incentives to encourage enhanced Ferformance and of rewarding fairly and Te5Fonsibiy indiwdual excellence and contntsjtions to the School's succe55. The G)Ntrnor5 authonse an anTrual per£eThtage salary increase for all staff taking into con51deration expected income and expenditure and external factors inctuding maintained sector salary increases. Additional individual increases are as a resuli of the annual salary rewew by ihe Head and Bursar. The appropriateness and relevance of the remuneration rh)licy is reviewed annually. Delivery of the sch¢1's charitable 510n and purpx)5e 15 pnmarily dependent on our key management personnel and staff costs a tl largest single element of the School's charitatsle expenditure. OBJECTS. AIMS AND OBJECTIVES Charltable Objects The School's Objects. as set out in the Articles of Association, a Ihe advancement of eduCatn and other a550ciaied activities for the benefit of the community as a vthle. In furtherance of these Objects, for public benefit, the Sch)ol has esiablished and admiThisters bur5aiies. grants. awards and other benefactions, and acts as the trustee and manager of proFerty. endov4rrnts. Wuests and gifts given or eSblIshed in rsuance of these Objects. Misslon The School's hlissron is to be a Leading UK prep xhool. To fulfil thi5 ambition, with the 9JPWrt of parents. the School: Nurtures and promotes the happiness. healih, safety and emotional AlI-teing of every child. developing in them confidence and independence- Engages the intellectual. physical and 5Plritual wtential of every child across a broad range of academic, extra-curricular and pastoral activities and exFenences', Insplres children. inculcating iransferabie. lifelong skills and values by whKh to achve Ferx•nally and contrilxjte influentially to society: Enables inspirational and fefleciiNe Leher5 to prov every pupil Wih oL¢t5tanding teaching, delivering the highest levels of eduotional pace. varieLy and challenge. Values The School's sixteen Values, chosen by pupils and reviewtd biennially. lie at the heart of the School community. prowding a pastoral frarnehrk. which enhanc Bntish Vatues and helps all memr5 of our community io Iwe and work togetr. APPRECIATIOP4 - ASPIRATION - COLLA60i4TION- CI)URAGE- CURIOSITY- DIVERStrY . FORGIVENESS - FRIENDSHIP- HUMILrrY- INTEGRtTY- KJNDNESS- PATIENCE- PERSEVERANCE - RESILIENCE - RESPECT- TRUST. Objectives The primary objectives of the khool to fulfil tse airr6 are io provide: A stTmulating learning enwronThnt in %thich wpils can delop their academic potential w ihe full; Page 4
BEECHWOOD PARK SCHOOL LIMITED GOVERNORS. REPORT FOR ThE YEAR ENDED 315T AUGUST 2021 A happy and secure pastoral enmronrrent In lch wpils can learn to live iogether and thu5 foster a sense of cornmurlity. co-educatlon. re5peci for one another and pod atizenship" Pupils 1h opportunity to take a(fvantage of a breadth of co-curricular aciivities in order to <velop broader skills- Pupils with the OprtUnItY to tske decisions based on ihtrir own judgement and io tomrnunicate those dectsion5 appropriately and effectively- Financial yJppJrt to enable children 1hse parents are unable io afford the full fees to benefii from the Sclwl's ethjcaiional prom5. A clear. Simple and effective management stryrtu capable of making timely decisions and allocating necessary resources appfopnalely, and The necessary administratwe and Iwstic frameTk to the needs of members of staff and pupils alike. Stratg?es to achlve prlmary objectfves The Scfvjol conlinsJ¢JJsiy revEws and knlops teaching and learning methods and a53e55rnent processe5 and forensKally audits all a5ts of its educational provision.. The Sch1 has a structured bnnial 6PS Siaff Professional De¥elopNnt Review,. The School tontinues to in¥e5t in it5 facilitS. for example. a new IOGB fibre optic cable now running ihe length of ihe klKKJI and the PrO510n of t0h$(leeTh technology. iPad Chfomebcok banks and clasyoorn refurknshments., schI.s tr provision is enhanced regularly with equipment and infrastnKture and a new management information system- The Scknl manages ils performance through a of k)ih financial and rA-fInanCIal key rformance indicators. The financial measures exisi tts ensure thai the School continues to be able to meet It5 commitments and to able to fund the facilities and resources required to run and develop the SclM)ol's educational provision. The non-financial measures e$t to monitor the academic and pastoral outcorres of School and to ensure thai the SCI1 meets its educational obJecti%tS. Publft Benefit The Governor5 have considered the Charity Comm15510n guanCe on publK benefit, including the guidance 'Public Benefit.. Running a Charity IPB21'. The PublK Benefit Committee was set up in January 2017 to develop a stratw"c pian for the prOV10n and demonsirai•)n of public berfil to include but not be lirnited to= Bursary wovision Charitable giwng Local community links and partnership5 Proision of facilities alld 5erwces The Governor5 are committed to broadening access to the Scw by offering to eligible parentslwardians rneans-te5ted finanthal sUPPOrt with the paynt of school fees. 8ur5aries may be awarde¢J in the form of discount of up to 100% of tuition fee5 payable, depending on t1 financial. £ompassHMate or other rtInent Circumstanc of applicants. Page 5
BEECHWOOD PJIK SCHOOL LIIATED GOVERNORS, REPORT FOR THE YEAR ENDEO 31ST AUGUST 2021 Ounng the year. the School protrided trwrsanes ioialling £77,78912020.. £80.9841 to supwrt 7 wpils covering between 25% and ICI)%of Lheir fees. The trr5aryfor of these wplls covered all t•)ardinq fees in addition to day fees. Two wplls were gilen free access to the CounsellrK. Efforts to i¢ntrfy pjtential wpi15 wh) wtyjld benefrt from the e(kJcation wovided by the School have continued. The Sctw)ol invites pants of Leaver5 to donate all or part of tfir de$It5 io the School to provide bursary yjpport. A number of families wald a fee rebate in the Lent term and (ksnated those funds to pro1de bursary supwrt. Sibling discount5 are awarded io famils with rTh)re than 0[ rrtjpil at the Sch)ol teaching staff receive a discount for all children attending. Charitable donations from the SCW comrnunity amounted to £10.241 dunng the year. The wpi15 are actively Tnvolved in all fundraising activities thr(wJglK>ut the year. The Head continues as Child Protecti¢ (Ver and Chair of the PostOToI Governing Committee ai Alorkyote Villoge School. He assists their excellent new Head ar thk tOther to irnplernent activitie5 which draw the rwo schools Into £105er partnership. The Head continues to develop the School's public tenefrt and eThcovrages all Beechwtxxlslaff to Implement blic benefit activities to the muiual benefit of all part$. The School maintains a reg15terof public nefit prowsion. Reserves The Go¥rnors wularly rewew the ktrwl'5 funth"Trg apwoach by its straiegic and financing ticIeS and airn to rnaintain cash reser of bet%%en 15% and 25% of incorne. 2020121 Into 15% target 25% target £7,897,415 £1.184,612 £1.974.354 Cash SelveS at year end iexcluthng fees in a<fvance and dep)sits £1.W)1.071 Total reserves at year end consisting of-. Designated Funds Revaluation ReseThE General Fund5 19.793,375 E78,947 £4,913.585 É4.&JO.843 The Go¥rnors plan to retèin Th?re surplu5 in fUtts year5 to provide further opportunities for investment in major capital works and wew the reserves p)Licy on an anal ba515. Investm•nt5 The School does not have any inveslrnents; re5er¥e5 are fr[d In the form of cash. The Finance Committee is re5pon5ible for the examination and implementatKn of Investment 5trategbes. Employment The khool is an equal opwrtunities employer. The School give5 full and fair coftsideration to job applicaiions from disabled rEon5 and due consideration Is to their training and employrnent need5. Page 6
BEECHWOOD PARK SCHOOL UMITED GOVERNORS, REPORT FOR THE YEAR ENDED 318T AUGUST 2021 Consuliation with employees has continued at all levels vAth tl aim of taking the wews of employèès into account when decisions are made that are Likely to affeci tlir ialerests. A Staff DelOPment Committee has teen e5tsblished to impro comrnunication ttween all $ff at the School. The Scknol makes employees aware of the financial and e(0m perfofmance of the School. Communication with employees coTrtinves thrgh normal leadership and managet channels in a vanety of forms including weekly departmental and wlKle-5taff meeiings an¢J also through exceptK)nal channels to apprise Staff of current isyJes. Staff meet th Governors oNer SUPFer prirK to the Lent Tern) Full GrnIng Body meeting. The Head encou¥age5 Governors io make individual visits w the School throughoui the year to [Tt with staff and observe the ¥Tkins5 of ihe Sc. STRATEGIC REPORT Achievements and Performance The ISI conducted an Educotiontsl (>11ty Inspection of BeechwlIn January 2019. The inspeetion reported the School as fully-compliant in all areas and judged the khool as the highest rank)ng 'Excellent' in all area5 of its educaiional PFOVi510Th. The key findhngs were as follows.. The quality of ihe pupi15' academK and otr achie¥ernents is excellenl. Pupils achieve because the sch1 nurtu. engages and inspi5 tlm to succeed. In line with its mission. Pupilssh¢)w rnpid developrrent of skills and knowledge because of theexcelient attitude5 to leaming and strong rSOnal skills. which allow them io be engaged leamers. 14Jpils are confident afid artKulate comrnunicato. The quality of wpils. personal develoKMnent is excellent. FPilS have excellefit levels of self-knowiedge and strong resilience. Pupils are exceptional collarators. Pupils. behaviour is exemplary. Admi5570ns Bee(hwTh)d had 556 pupils on roll at the end of ihe academic year. Places at the School continue to te in high <lernand. vnth healthy waiting lists nM)Si year groups. Key a¢*nission pjints for ihe School into Wootllond5 Nursery. Reception Clos5 anij Yedr 7, which is a ery popular entry KM)Illl for wpils $hIng to frorn rnaintained primary schools into independent education. The School held lis uyjal OFen hknming in and virtual events earlier In yea¥ which attracted interest from tsr families. Academic The khool developed the following aca¢Jemic area5= Iniroducing and rolling out the ceniury.iech learning piaifom thrwgh Years 3 - 8. an Al driven learning platfom which targets pupils. [15 from dia8r#xtK testing., A new tirnetable for Michaelmas 2020 based around COVID reouirernents-, Weekly one.to-one meetings wih all AcadernK Heads of Oepartments., Using ISAMS land, where necessary. other third-party 50ftware prowder51 to ensure the 5rnwth Iran51tion and ihen de¥eloprnent ol rewrting and tracking of wpils. progre55 and outcomes; Improving teaching facilities and resources., Completing the rouchscreen roll out in all clas5rooms'. Video Conferencing 5oflware for parenis, meeting5'. New beswjke report5 addressed to pupils. and assessment data. thared live through ISANS Parent Portal., Page 7
8eECHWOOD PAK SCtrIOOL UAIITED GOVERNORS. REPORT FOR THE YEAR ENDED 31ST AUGUST 2021 Ne¥¥ly drafted BPS Curriculum Policy. vhhich artlculates tl School's Educational Mission; An ambitiOUS timetable review capturin8 receiii e{hKatTraI advance5 ready for Michaeltnas Term 2021. Co-currkular The kh)ol developed the lollovAng co-curriojlar area5'. Early Identification of Gifted and Talented pupils and early ?nter¥entTr)ns to supwt them- A newAy-refurbished and enlarged Art Studio- A full reeW of all departmental handtx)oks. nsk assesst5 and development plans,. A strategic developmeni of coeducaiKnal opp)rtuniiies for all wpils.. New Co-cumcuiar Assembli. showcasing co-currKular 1Me5 and achievements. An increase in Inter-House Competitions. The developTrt of SOCS Sport: A professionally filmed version of The 'nd In Willows. The Battle of Beechwood. a sports Cornpetitn in IMI of inter-scI1 matches. RenovatM)n of athletbcs facilit$. Three sports, one Art, one DT. IsIC and one all-round scholarship to selecti% senior schools: The developrnent of I51C Technology., Virtual concerts.. The Inter-Hou5e P&Jsic ComtKJSition cOrnlit)n- 270 instrurnenral hsiC lesson5 per week- Beechy the Elephant. a collab)raiNe piece for Great Trunk trail. Pastoral The Deputy Heod (P05torol) continues to vieW and debelop the kfwl's pasioral approaches in support of our Mi5sron to Nurture. Erwcge and Inspire our pupiL5. rep)rting lermly to the Pastoral Care ond Welfore Committee on 26 separate areas of SchoDI'5 pastoral pro510. Beechwood's pastoral prov10 adjusted lo the residual challenges of COVID-19 th the School's MedNcGI Team and Health ond Sa[ety Gover1r hrkIng c105ely Wlih the Sentor Leodership Team to pro¥ride timely and effective athce to all stakeholders. The DSL maIntaid child protection a5 a top priority espeoally with wpils Y)rking off51te and adapted the Sc)01,5 pastoral systerns in line wth Keew"ns CINldren Sofe in EtKQtion IDfE Sept 2020) and in preparation for Its new iteratioft in 2021. The boarding team ran an tstanding programme for boarder5 and enjoyed nevAy refUrbh@d facilities. The Matt0fi5 In consultation with the SC( Dcftors [1dd outstanding advice and suppjrt io SLT and parents on all COVID matters. Year 8 wpils (Top Formers) continue to seek tl opinims of srunger pvpi15 and communKate their views through the Food Committee and the 5clKV( Forum. The Ccterins Ak7rk7ser continues to lIver outstanding catering provr5ion. The Cotering Team worked wrlh Coeliac UK to achieve their gluten free accreditation. to ensvre it has ihe correct pr¢xe5ses and procedures reouired io served gluten free food safely. School also won ttr 1ndendertt Schools of the Year 2021 award for F*althy Eating. Technology The School continued to develop it5 technologKal infrastnKture and curriculum in the following way5= The prowsion of a new Governor Portal.. The Introductn of ISAMS as School's management Fnformatlon system I5 including iSAhlS Wellbeing htsnager, Parent Portal and AWJ., Cornpleting the rollout of iouch5creen iechnology in all classroorns.. MigratK¢n of all staff files io cloud., Page 8
BEECHWOOD PfvRK SCHOOL UMITED GOVERNORS. REPORT FOR THE YEAR ENOED 31 AUGUST 2021 New chromeBkS for the Learnino Support Departmeni.. Newly drafted Online Safety Policy and AUPs- The developrnent of a Bring Your C Device strategy. A major fibre cable and nel%rk infra5tnKture upgra¢k across the site: New access control sy5tern', The delivery of BeechwoDd Remoie Acce learni in re¥nSe io the pandemic and in gJPPDrt of educaiional conlbnukiy. Bulldlng5 and £$t•S The School continued to de¥eLop its tyJilding5 and esiate5 50 as to proide ¥ery best enwronrrent to deliver the khool's Mi55ron. Project5 for the 2020-21 year included 5ub5tantial refurb75hn¢ of the Junior Department facilitie5 and a number of smèller refurbi5hThl and repair project5 essential to the smooth operatlon of the Sctrwl. Financial ReeW The School's nei incon for the year from Operati(m amounted to £62.013 12020.. 1391,5241. The Governors are pleased to have generated a surplus for the year trAJt aTe rnindful ihat the surplus is, in part, due io expenditure held back dunng pandemK aThJ thai many of those costs will need to t met over the coming year. The policy of spenth'ng the surplus generad on refurbi5hmeni and (knlopment of facilities has continued and School's capital expenditure lor the year was £243.842. An additional £368.579 of prewous capital expenditure on a major d?¥elopment project has t&n recognised as a cost UAder premises cost5 In 2020- 21, followng a rewew of t School's fiNe sar Ilevelopment plan, as it 15 unlikely to go ahead In that t)nScaLe. The School's balance $t as detailed on page 18 skn¥5 a very saiisfactory P)5ition at the year end. The sUltS for the year are shown in the staterrnt of financial activiiies on pa8e 17. The Governors do not foresee any rnajor change5 in the School's actiwities or ¢)verall ManagerTrt structu in the near future other than Ihose already idefitified. Free seThS, that is those funds not tied up In fixed a55ets, designated and $trIcted funds, are positi¥e and corre5p)ndingly rhe School's balance Sheet shows net current aS5et5 at the year-end. These include £412,500 of refundable parenrs, deposits held by the schrKJl. The School's future plans VAII funded by the remaining net asseis. The School recewed Substan[llY fewer fees in a¢Jvance for rhe Michaelrnas term 2021 than in the pnor year. duè to sending inlte5 out on 1 Septernber rather Ihan durbng surnmer. Total unrestricted SerS at the year-end arrK>unted to £4,8(X),843. These have been generated over the years by the School, in order to maintain buildings aThd standards of e¢knation. This rpluS could only be eali5ed by di¥x)sifig of fixed assets used in t runnmg of the Scho. Where fixed assets are donaied to the khool ihey are allocated to a restncted rerve at their value at the lime of the wfi. The reserye is then leaSed to general fund5 0r ihe a55ets useful economic life. Designated funds are created by the Head by setting aside or "earmarking" fvnds out of the unrestricted funds for the sCIfiC Tps. None of tlE drioUS funds were in deficit at ihe year-end or at any time dunng the year. Key Performance Indicators The )01 manages Its performance Lhrough a series of key performance indicators that are both financial and non-financial in naiure. The financial measures e¥isl to enwre that the ktrvx)I continues to able to rneet its commitments and to te able to fund ihe facilities and resources required to run the khool. The non-financial measures exist io monitor educational outcomes of School and to enwre that the Schcx)I meet5 its etlucational obJecti%Es. Tr results for ihe ar a. Page 9
BEECHWOOO PARK SCHOOL UMITED GOVERNORS. REPORT FOR THE YEAR ENDED 315T AUGUST 2021 2021 2020 Pupil nurnbers lexcluding Nutseryl Nursery Nurnbers Ratio of Expenditure to IrKome Ratio of ExnditUre io Income before depreciaiion Cash resernes a5 % of income Number of scholarships at eiiher 11+ or l3 % of wpiis passing Common Entrance to first cts)ice school 505 49 95.0% 90.8% 19.0% 21 100.0% 52 99.2% 94.8% 22.8% I.0 PRINCIPAL RISKS AND uNcERTlM£s The Full Go¥trnln4 Body annually reviews thtr Sclwl's Risk Register. The gereric controls used by the School to minirnt5e risk include= Detailed terrns of reference tO8eiher with formal agendas for Committee and Board actiV7tyJ Strategic developnnt planning. revwed annually- Cornprehensi¥t budgeting and managernent accnting. Established organisational structure5 and lines of pOrtin8- Formal written tM)licies including clear authonsation and approval le¥els: and Safeguarding and recruitmeni procethres as rewired by law. Covi&19 Pandemic The rnosi significant risk facing the 11 %Ul be a decrease in its pupil roll. This has become more signifant a5 a result of the Cowd-19 pandemic. The Sclwl has sought to mitigate these n5k5 a5 follows: The prowsion of outstanding remote leaming faciliiies to retaTrn the confidence of parents. During the Lent lerrn clowre of School sites, school was able to offer rerno full-lime eduiation to all The prowsion of safe learning enrOnIrent5. boih on-site and rernote. for all pupils and staff following Go¥ernment widelines and excee¢thng recommendatiofis where%*r rM)ssible- Fees for the Surnrrer terni 2021 were reduced by 7.5% in Sup[ of the parents.. Fees for the 2020121 academK sEar were frozen at 2019120 rates., A comprehensive proce55 to SUp)rt tkne parents find themselves in particular financial th'fficully., and An intensifTrg of the rnarketin8 effort. The pandernic alxj imw5e5 a serU$ fInar1 risk to the School vknich is teing mitigated by stringent credit control and appropnate sawn85 naS1&re5 incluth'ng= Stringent cost control on purchases and culling exFenth"ture on non-e55ential seMces- Sa%ryng salary costs using the govwnment's Job reiention scheme to furlough Staff for whom working from IK)rne was Impossible: and Delaying and resirKtin8 worhs re wjssible. for eXaMe on capiial projects. Other Slgnlfkant Rlsks Other significant high likeliW risks and iheir mitigation are-. Failure to de¥Elop and maintain infrastnjclure - Anr4Jal CAPEX prograrnme. developrrent and maintenance plans- Health and Safety Incidents- Extemal auth"ts. internal checks and training,. Failure to attract high qualrty staff - &jitrAe term5 and conditn5 and salaries and provision of Page 10
BEECHWOOD PARK SCHOOL LIMITED GOVERNORS. REPORT FOR TrIE YEAR ENDED 31$T AUGUST 2021 high-quality re50urces' Further Inca55 in emplo contribJti¢ns to the Tea(r5. Pensioll kheme will substantially affect t¥Jdget surplus unless a yjitable alternati¥e can be w0ded,. and The threat of the abolition of Business Rètes Relief. if irnp). 11 also substantially affect lget surplus. The Go¥ernorsare also aware of political and enwronmental risks and pay due regard to these when reaching Ilecislons and reviewing the structure of the khool finanoally aThd otherse. sing Concern The School has been qUKk to implement additional financial and OFerational safeguards in reSSe to the Covid-19 pandemic, and our strong reserves POSLiion and lack of trAirf0ng gives us a reasonable platform to withstand the currefit crisi5. The Gornors are Salfied ihat adequate resourceswll be awdilable through future cash flows w meet liabilities as they fall due. Cons1ng the atx)ve and after rewe¥wng the School's forecasts and projections. Ihe Goverllor5 have a reasonable expctation thai ihe chanty has adequate resource5 to continue in operational existence for ihe foreseeable future an4Y Ihat it is therefore appropnaie to prepare the account5 on a goin8 concern basis. Plans for Future Perfiods The Beechwo)d Park Schcx)l DeNelopm@nt Pian. which covers the facilities available for teaching as well as the teaching and supwrt staff. continues to be ievifftd by the SLT and Governsns Body. This plan ha5 the objective of continuin8 improvement in edatIon of Children at the School. There is an ongr•ing prioritisation process which allow5 the Sch)ol continually to invesi when cash rvrvesltKJdgets allow. There is also io be a particular focus 04) cost reduction. increased revenue from non-educational activities and funding for bursaries. A mè]OT initlative on sustainability 15 planned. sTATEIAEI OF ACCOUNTING AND REPORTING RESPONSIBILMES The Governors are also ihe dirertor5 under company law. The Govemors are required under company law to prepare linancial 5tstements for each financ1 )ear wthich give a twe and fair view of the stale of affairs of the company of the surplus or deficit of the company for that period. In preparing ihose financial statements tt Gtsbtrnors are required to.. select 5Uitabie accounting and apply Ihèm tonsi5teTrtly- observe the method5 and pnnciples in the ChantS SORP- make reasonable and prudent judgemenis and estimates., 5¢ate whether applicable UK Accounting Standar<J5 have teen followed. yjbject to any material departures disclose<J and explained In the financial statements- and prepare the financial Staterrnts on the going concern basis unless il 15 inappropriate to preyjme that the company will continue in tyjsiness. The GoNEmors are also re5Fonsible for: keeping prOr accwniing records which ¢Jisclose th reasonable accuracy at any time the financial js1tn of rhe company and enable ihe Go%rnors to enyjre that the finala1 statements comply with the Companies Act 2CX)6 and Chariiies Act 2011- safeguarding the company's assets: and taking reasonable steps for the wevention and detitin of fraud and other 1rrewiarits. Statment of dtsciosure to the audftor Insofar a5 each of the G)vernors. as director5 of chariiabie company, ai the date of approval of thls rerK•rt is aware there is no relevant auth"t infomtion linformation needed by the cornpany's auditor in Page11
BEECHWOOD PARK SCHOOL UMITEO GOVERNORS. REPORT FOR THE YEAR ENDED 31ST AUGUST 2021 connection with weparing the audit rep)rti of %thich cornpany's audiior T5 unaware. Each member of the Governing Body has taken all the steps that or she slK)uld ha¥e iaken as a rrernber of the Governin8 Body in order to rnake himself or herself aware of the levant audit inf0rrnatn and to establish that the company's audiior is aware of that infornmtion. Thi5 Annual Report was approNEd by the GoNtrning Bo(ty of School on 28th February 2022. including. in their capacity as company directors, approving the Director5. and Sirategnt Rep¥)rts contained tTein. and signed on its behalf by. oL&J Neil Scragg GoNernor Pa8e 12
INDEPENDEP AUDITOR'S REPORT TO THE MEMBERS OF BEECHWOOD PARK SCHOQL IA Charttable Company Limlted by fAMranteel Oplnlon We have audiied Lhe flnancial statements of Beech%wod Park School I' company'l for the 3T ended 31 August 2021 whh compnse the StateThEnt of Financial ktiwties, the Balance Sheet. the Cash Flow Slatemeni and notes to the financol statentS. including 51gnificant accounting rK)licies. The financial reporting framework that has been applied in tlT preparatn 15 applicable law and Vnited Kingthrn Accounting Standards, including FRS 102 Financial RerM)rting standard Applicable in ihe UK and Rewbiic of Ireland. Iunited King(km Gerwally Accepted Accounting PracrKei. In our opinion the financial stateftnts.. gwe a true and fair view of the state of the charitabi? company's affair5 as at 31 August 2021 and of its incoming res¢yJrces and application of resources. includir¢g its income and expenditure, for the ar then ended- have been property prepared in accordance vrith United Kingdom Generally Accepied Accounting Practice- and have been preparefl in accordance th the rewiremenis of the Cornpanies Act 2CU6. Basls for opinion We conducted our audit in accordance vnth International Slandard5 on Aydiiing IUKI IISAS IVKII and applKable law. Our reswnsibilities under those 5tanthrds are further described In the Auditor's Responsibilities for the audiL of the financial siatements section of ¢)ur rert. We a indekndent of the chantable company in accordance th the ethical reQuirentS that are relevant to our audir of the financial statements in UK. Including the FRC'S EthKal Standard, and we ha¥ fullilled our other ethical responsibilities in accordance Eh these requirernents. We believe that the audit etridence we have obiained is Sufficnt and appropriate to prowde a basis for opinn. Conclu51ons relatfng to gDing concern In auditing the financial statemenLS, we have concluded that the trusiees, use of the going concem basis of accounting in the preparaiion of the financial staternent5 15 ap[priate. Based oft the work we have perforrned. we have not identified any material uncertainties relating to event5 or conditions that, Individually of collectively, may cast significant doubt on the charitable company'5 ability to continue as a going concern for a of at least tWve months from when the linancial 5tatemersls a aullK)ri5ed for issue. Our reskxjnsibilities and respJn5ikn"Iit of ihe iru5tees ¥wth respect to gx)ing concern are descnbed reievani sectKsn5 of th rert. Other Informatkn The other Information comprises the inforrnarion inclu(d in the annual rert, other than the financial siaterynt5 and our auditor's report Ihereon. The trustees are responsible for the other information contained w¥thin annual re}rt. Our opinion on the financial 5tatement5 doe5 not co¥er the other information and, excepr w the extent otherwise ey4JlKItly statet1 in our report. we do not express any forrn of assuiance concLu5ion ihereon. r responsibility is to read the other infomalion and, m doing 50, consider whether the otr Inforrnat%)n is materially incon515tent with the financial statements or our knovAe¢Jge obtained In the course of the audit or otherwse appears tts materially misstated. If we Identify such material inconsistencies or apparent rnarerial m15Staterrents. we are required to determine whether there is a material mi55taternent in ihe financial statentS themselves. If. based on the work we haNe performed. we conclude that tre ts a matenal misstaLen*nt of this other inforrnaiion. we are required to report thai fact. We have Th)thing to report in this regard. Page 13
INDEPENDENT AUDOR.$ REPORT TO THE AIEMBERS OF BEECHWOOD PARK SCHOOL IA Charltable Comparby Lfjmit•d by CAwranteel Oplnlons on other m•tt•r5 prescrlbed by the Cornpanles kt 2006 In our opinion, based on the work undertaken in the (r5e of the autht.. the inforrnarion given in the trustees. annual rert for the financial year for which the financial statements are prepared is consistent wth ihe financial statements.. and the trustees, annual report has ien wepared in accort1ance wrih applicable legal requirement5. Matters on which wt are requlrd to report by exception In light of t1 knovAedge and understanding of the company and its environment obtained in the course of the audit, have [1 identified matenal misstatement5 In the iru5tees' annual report. We have rthIng to report in resFect of the foll¢Mng mailers where the COMpanS t 2CK)6 requires us io repjrt to if. in tyjr opinion: adeouate acctyjnting rordS have r¢ kept. or returns adequate for tyjr audit ha¥e not been re1Ved from branche5 not W51ted by us: or the financial statements are not In agreement vrith the acccvJntin8 records and retums.. or certain di5clowres of trusiees, remuneration specified by law are not made,. or we have noi received all the infoimaibon and explanations we require for our autht. ReSnsIbl[les of trustees As explained more fully in the tru5tees' reSn$t)lIttle5 state[Trt. trustee5 are a150 the directo of the charitable cornpany fof the purpose5 of company lawl are responsible for the eparatK•n of the financial statements and for LEin8 satL%fied that they give a true and fair view and for such Internal control as the irustee5 deiermine is necessary io enable the preparation of financial statements thai are free from material misstatemeni, whetIr due to fraud or error. In preparing the financial statemeThts, the trustees are responsible for as5es5ing the chantable company'5 3bi17ty to continue as a going concern. disc105ing. as appticable, rnatters related to going concern and using the goin8 concern basis of accounilng unless ttr* trustees either intend to liquidate the chantable company or to cease 0ratIOns. have no realistic aliemative but lo do so. Auditor's Re5ponslbllftiÈs for the audTt of the financial st4temènts Our objectives are to obtain reasonable a%ran abtyJt whether the financial 5tatement5 as a %thole are free from material rnisstaternent. ther due to fraud Of error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high le%el of assurance, Lx&t is not a guarantee that an audit £onducred in accordance with ISAS IUKI Nwll always detect a material misstatemeni when it e5t5. MisstaternenLS can arise from fraud or error and are considered rnatenal if, individually or in aggregate, rhey could reasonably be expected to influerKe the economic decisions of users taken on the basis of these finarKMI state£S. As part of an au¢Jit in accordance t ISAS IUXI we exercise wofessional Judgement and rnaFntain professional scepticism throughout the audit. We also= Identify and asses5 the risks of material mi5staient of financial statements, whether due to fraud or error. de51gn and perform audit procedures resFY)nsive to those nsks, and obtain audit ewdence that is sufficient and apwopnaie io prowde a basis for our opinion. The risk of not detecting a matenal rnisstaternent resulting from fraud is higher than for one sulting from error. as fraud rnay invol¥e Collusn, lorgery, intentKJnal omissions. misrepresentations. or the override of iniernal control. Page 14
INDEPENDElff AUDITOR'S REPORT TO THE MEMBERS OF BEECHWOOD PIAK SCHOOL IA Charitable COMnY Limlted by fsjaranteel Obtain an understanding of internal control relevant io Ihe audit in order to design audit proCedUS that are OPPTopnale in the circumstances, but noi for ltr purpose5 of expressing an oplnlon on the effKINeness ol the chantabie cornpany's internal control. Evaluate ihe appropriaten of attouniing Folicies used and rèasonableness of accounting esiimates and related di5c105ures made by the trustees. Conclude on the approwareness of ihe tru5tee5' use of the goingconcern basis of accovnting and, based on the audit ewdence obtairbed, whetr a matenal uncertainly exists related to event5 or Conditn5 that May cast siwrficant doubt on the charitable company's ability to continue as a gyjing concern. If we conclude th31 a matenal uncertainty exists, we are required to draw attention in our auditor's feFQrt to ihe related disclosures in the financial statements or, If such disc105ures are inadequate. to rnodify our opinion. Our conclusions are based on the audii edence obtained up io the date of our audiior's repM)rt. However, future events or conditions may cause the charrtable company to cease io continue a5 a going concern. Evaluate the overall presentation. structure and content of the finarflal statenIs, Including the disclosures, and whether the financial staiements represent underlwng transacrions anij entS in a manner that achie fair presentation. We communicaie wth those charged wilh goNErnarKe regarding. anKJng otr matter5. the pland scope and liming of audit and significant audit findings. irKluding any signifKant deficiencies in internal conLrol that we identify dunng our audii. Expianatlon as to what extent the audit was considered capable of detectlng IrrwiarTtie5. Includlng fraud Irregularilie5, including fraud. are Instae$ of [n-CoMpliance wilh laws and wulations. We design procedures in lifie wth our responsibilities. oullined atr). to detect rnatenal misstaternents in respect of Irregularit$. Includingfraud. The extent to which tyjr prKedures are capable of detecting irregularities, Including fraud is detailed below. The objectives of our audit in resFect of fraud. are- to ntIfY and assess the nsks of material rnisstatement of the financial staternents due to fraud- to obtain suffKient appropriate audit evidence regarding the assessed risk5 of material misslatent due io fraud. through designing and implementing appropriate re¥4)nses to those assessed risks- and to respond appropnately io instances of fraud or suspected fraud identified dunng audrt. However, primary responsibility for the pre%eniion and deteciion of fraud rests with both manageTht and those charged wth govemance of the charitable company. r approach was as follov+S: We obtained an vndev5tanding of tlK legal and regulaiory requireThnts applicable to the charitable cornpany and considered that the mst significant are Ihe Companies Act 2Tr)6. the Chanties Act 2011, the Chanty SORP. and UK finarKial rertIng standards as Issued by the Financial RetKJriing Council We obtained an understandtng of Iv)w the charitable company complie5 with these requiremenLS by dixussions with managerrent and thw charged wilh go¥rmance. We a55e55ed the risk of material missthtement of financial 5taternents. including the risk of matenal mts5tatement due to fraud and how it might occur. by holding discussn5 with managen*nt and those charged with go%tmance. We inquired of management and th)se charsEd with governance as to any known Instance5 of non-compliance or gjsperted non-compliance with laws ar resviations. Pa8e 15
INDEpENDEP AUDOR.5 REPORT TO THE MEM8ERS OF BEECHWOOD PK SCHOOL IA Charttable Cornpany Llmfted by CJaranteèi Based on thi5 understanding. ¥¥e de518ned specifK appropriate audit procethjres to identify InstarKes ol non-cornpliance with laws an¢J rewIatns. Thi5 Included making enquiriès of management and th)5e charged th governance and obtaining additional corrotr>rati% ewidence a5 required. There are inherent limitations in the audit procedures d(ribed abovp. We are less likely to tcome awa¥e of instsncÈs of non-compliance th laws and regulations ihat are mt closely related to events and transactlolls reflected in the flnancial statements. Also. the nsk of not detecting a material missiaternent due io frau¢J 15 higher than the risk of not deteciins one resulting from error, as fraud rnay inM)Ive deliterate concealment by. for example. forgery or inteniional misrepresentations, or through collusion. Use of Ouf report This report is rnade solely to the charitable companys memiEr5, as a body. in accordance wth Chapter 3 of Part 16 of the Compan5 21J)6. Our audit work has been undertaken 50 that we might state to the company's MberS those mailers we are required to state to them in an audiior's report and for no oiher purF4)5e. To the fullest extent Fermiiied by law. we do not accept or assume rewnsibility to any party other than the charitable compary and charitable companls members as a tx)dy. for our audit work, for this report, or for the opinions have forrr*d. Dale 28 February 2022 Shivani Kothari Isenior Sratutory Auditorl for allij on behalf of knre Kingston Smith LLP. Statutory Auth"tor Devonshire House 60 Goswell Road Lon(k)n EC1M 7AD Page 16
Beechwood Park School Limited STATEMENT OF FINANCJAL AmtTIES Ilrfluth the IrKom? and exlire for the year ended 31 A411017 Trt41 Tthai 20 INCt)AIE FROM.. [rbI• Artfvttl¢s Schwi lee5 7.434.102 337,%7 7.134.? 337.W7 7.147.547 3.0 13.521 lThv•stm•nts 3J7 6,656 111.318 3Cé.516 7.JYI.415 ?.197.419 7.4¢9.1 EXPENDifuAEON.' Costs r4151wftsn OlheT crils i.JJJ Z7.gPS 7.832 40.426 Zl.915 Educatk 7.7••.OY4 7,365.519 7.135. 7.135.402 7.413.7TI NrtkncLTh•ii•xpehoiiur•i 42,tstJ 391.524 Tian5ferbetethi Iw45 6Z.013 391.514 Fmd •.ni.362 9.731.J62 9 3J9 83 FLd 9.793.375 •.n3.375 9,731,362 ol xtMt*s kq5e5 tht thetre a 5tattfflefii rf t41•l re(WW 1n5 and losse5 ha5 Mt b¢•i PaB2 17
Beechwood Park School Limited 8ALINCE 5HEEr 35 at 31 Aug1 2021 21 io FIx£DETs .555.147 2.231.1 3.014.7( f534.l•Jl 11.70J,JOII 10.400.441 10,347.461 1373.7W W.7901 17 1141.3S71 266.3491 9.79J.375 9.751.&S2 FUNDS 4,585.285 78.N7 4.*11.515 9,793.375 9.?31,361 Ind for 1 Scr448 C¢ThpKty P4Mnb¢r." PwiB
Beechwood Park School Limited CASHFLOW STATEMENT for the year ended 31 2021 2020 24 C•sh frLTh In11&¥1 tttest ie¢e Pioceeth trtyn 5thoffmeots Ptynen15toawirefFAtdastets J37 7.Jl? 1143.U21 6,656 rea5ellde(reastl Cxh4ndc*kn ¢QJrOlS at the ef the 2.lJ6.2•ty 1,9fg.4&7 Cash twvaleThtsatik lof thereF<¥tlnBFoftsJ 1.23a.l•0 1.836,1 P¥t19
Beechwood Park School Limited NOTES TO THE FINA¥CL STATEMENTS for the year ended 31 A5t 227 I ACCOUNTIIK POLKIE5 1.1 pREPAPTlI Thtchaiffable (qMpV 15 è benefit ontrty frythp wvpxes Of FR5 101 wys Chanty •lfO prewod rts fiw(Wl 51•teMent5 ITh accordance wrth the 51aternent Èl Pr¥[e thtw th the Fn[L Rewrtiw )rthrO the and of IrtLind FBS 101 Ch¥% WTr. tyeCL¥TrPknsx¢ ILU the(knEt ZOl1. ThestfhWKknI 51emtnts lie wepared tht r(xKern the cttt thè of iThvestnwts 1.1 GolTr CUNCEHN 11 beaVeth te$h tomeÉt i¥bi1rt5asthf&ia In p#rtKulu the rwsthred •MJ thleryd thÈ >JKd'5 IwKa5ts cash ftm. ihE lthdy d&wled the nw5we5 ort n pia(e led tD (c1Lth that thÈrè 1$ fut4xè I.J COWPW LwfEPBYGUth4PITEE 1.4 FÉES AE(EALE AHDSwJL IMCLWE Fee5 and (h•rw for use of <ted for hi thera FEes rtcorabiÈ aye 5hted 1.5 DONAT FUND QuITING kwl ar lak¥i to rE51rKtts1 DwtbyLS tewid Iv rellmed atrryd&x thE ale for 1.6 tXPENmB£ Éwdilure alloct¢d tr45. awegate 411 (¥JX5 to thttsieyy Lythu • dtrett (o5[ ba. 4((dlI to 11me wt. The iirKrrtste e&tl01¥AT with thertyn oleyrdetathh il rti4t Ra15M8 al01d tothL¢¢yy. 1.7 TEACHING COSYS l.$ AXEDA5S4D0EpAEcL4Tl knpainnent to4. FL¥iure5 Ind fiti ¥ehKle5 .3.10>
Beechwood Park School Limited NOTES TO THE FINANCIAL STAT£MENTS for )1 AUSt 2021 1.9 PEN90t19 I.1• LEA5ESANDHIAE PURCHASE CONfAAcf5 1.11 Eouf4ALENT5 th5 le55 1.11 FIP14IKi4L INSTS The has ¢¢led ILTr 11 'Bs F¥w<wi knWL•me47ts' 5ertrffj 11 'OLW kn5IrLtftts IsshS. of FR$ 101 t¢ all of rt5 Instrts. rec(ww Il 4%el the(thTY bE(Lyne5 wrty to ¢wtrXlwl PlSYl5iW5 of the Inslrwi FrhwKTal i&iets ¥KJ (f¥t. rot rAts I¥Vlled hi tht st•terMts, thtrè ts è le11 t¢[cee rrybt set oll the recww there b an io Sett ot to ieaitye the and iettlt the Iiètrltty 102 SeEn05 14. 15 Jrd 16 1Wtrdtbtcrw (rEthtLYfXt5. 1.13 TAUTK)11 1.14 EAIPLOYEE EFIrS The costs ernte bmrfffs as a ewsÈ. wle55 [e(051S ale te4vired to be 45 PBrt of tht c1 Z KEY ESTlTE5 & JULKEktElllS E5tim&te L( rfl reyow •FeLtscl that Ptr¥wJ. trF1 firtwek5 allEc15 bath luture 455ets 1bilit3reolm¢d oelth. CH¢lr•l juLments Ulul(ornfflic Ii¥es The depiÈrkilxm (hKzefor pknt thee#wcd reskknl lUeS of ihE Pip21
Beechwood Park School Limlted NOTES TO ThE FINAMC14L STATÉMENTS f•r theyÈarended 31 AL4U5t 2021 J FEE IMC(W 2011 Groll fees 7.97B.1•I 1113.4701 1,025.159 Le55.' knlarshw and 7.434.102 Y.147,547 OTHER ErTIONAL WC IT•.Z12 Ftts lrt Iwof nolxe 10. 55.( 4J.555 337.967 330,280 5 oTeR TiWIMCO4e 2010 6 WE5TIAEbir 2010 1)7 J37 6.656 2011 $rf15 JS.7 79.451 61.696 146.830 111.) JW.526 ptye21
Beechwood Park School LimTted NOTES TO THE FINANC14L STATEMENTS for the wreThled 3? Awt 2021 l ExpwrE CG5E50fRWFiplth Tot•1 (rth9) Trad1515 1.333 17.975 17,975 Tth•l Co5t50f R41$8 36. Totsl 2011 TeknTr Wd(are PTemXlrtd Eilale5 4.197.W 70.731 J41. 515. 7.43 I.615 561.850 1.076.Ml 291.329 14.Y47 4.481.475 432.5•1 1.767.911 483.637 Z6.419 .313 5.Jl3.0&9 2.146.611 W.383 7.799.W4 Tt)tal Expyfithd S.3.( 2.181. 349.)8) 7.•J>.402 cIudtdthi [Y.835.102 Lsan 12WO- £nbILitto I¢5trTrdehwdrtL¥È. Cty7thty5W. The fiNfflcul CLX¢ ¢1 ts and hi¢thii was Wgy (Trved the KY excess af £2. In di1j, siwifan1 5talf lune was rew the rKThvy. The %(wrty e thEidErt. Trtsi 7.•3Z 40.414 7qtWCoits 6.016 4Z.I Ch4Ntsbur T1 2020 (IvXe¥i Teachhi% Wdfare Piemw E5taLes 4.414. 6R.259 la2.C)I 483.6Jl I.12j 4.7rii.523 568,&27 1.295.432 7n.394 22.541 3.502 IBB.761 22.543 329.839 5.252.3•3 i.n3.197 5.258.109 l.B15.5 329,5 7.413.777 14.268 4.041 . Accvt feE5 2.376 ("Tral 622 13
Beechwood Park School Limited NOTE5 TO TfrIE FINANCLIL sTATElNTs for the year ended 31 AL¥U5t 2021 • STIFF cosrs 2020 4.141.606 4.041.402 388.703 774.7r 5etuntycosts elher c( 7W.101 2.174 5 303 069 1011 Jg 45 £00.r hi ¢hEye¥ as I1rs.. 1021 2&10 £.0. ¢70.L 170,WO. t80.rf LIO.M1 . lyo.ib 1i10.r¥)l- E120.L <trAIrth ¢1 tSJ.S li0". E411.B]OJ. 10 fyIYERllORStIlUMERATif•41D DEF*ms P4e 14
Beechwood Park School Limited NOTES TO THE F114ANCL4L sTATENTS the ar ended 31 A5t 2021 11 PEMSIQMS rhET of E630.484 IiQiO. £W.2251 * thebThrefid É73. 12Q24." 175.5101 dc(7tT5 lo thLss(hernt. Tea(hers' 2014 c¢hitrfy¢ W • "wy a5 •)" b•56 M•Tth5 the I(tvan o iht TP5 w•$ as 4l 31 1•th 2016 •d the Rrfvt. was rAthitthd M Warth 2019, toThfiTrw th IhE emplw ie tr tht TPS YreaSe frw 16 41 to 23.61 i Sembet i01•. are to Wy a 5LhEmt The )1 fr1oT<h 2016 Rewt wlth hi xheme ¥• LrteT the w¢èth Sp11 the thty at 5 IIArth 2011 tht were iel by tht ior £¢athlTh to Ihe ruling thE 'W{Cl[sI1stlTht (a5e' Th rewre4 tht CWS To (Sr the ot tr 2075 lo Public 5etbKe 17 Jwe2019 the thegtyorrni t41 Ihe rrf4Wi'5 tmt ItwIsT1•t iThtfth#Ked ID the iefwmÈd 1015 t• tye The the CrAt s has uk1 It ay tLY (h the Ewtythenl TrtsThl as r¢we5o7tstr%t to the ¥11 be ThE 8u¥ernwi 4 FebnJJry 202T th rt to Lder bt eit TP5 to a (ost CIP kn p(el0t chS Sorec<t5 Thtchief SEtretaryto tht Trty. 201t th#¢ b2 * re d thL4 methantsTr. Jwry 2014 pa• 1¢ Ihe cust c4p echanM I1Wl the of4y&'s C•St Lmtrl therè ttr value of pttisims to •ngloyees frc 12015 Tht P4use wa5 lifted Aay 2QZQ. a c1 W45 24 m)Se4 thRts to thp Iv51 [tr wtwni5m The 5LVPOrt stèm ¥e of Th¢ Tri& SChts¢ a dtlwd sd•e." the t41e5 belv1 5% 24.1% t the rthiiw of thp em¢ thE cLitrtyAe bEiwYen J% 61 The the fcf tho y¢41 ctrIbut5 payable of É120.4tyJ 12020. e105.641J Y&theY¢ll ¥yJ ts0r. £13.0SI}wsiIA112 P4y 15
Beechwood Park School Limlted NOTES TO THE FIMANCiAL STATWMTS far the )at ended 31 Akgu512021 11 p&4SlS it4d s(tre UK. f¢r to io tttA rt ¢0 the s(hemt btriefrt The 5thMbt M ctsssrfied a st¥ Thtttft rthlilI¥ l4ble ParttlY If Q5e emthers mett th1 thdrIl PartwtkiÈ em5¥elevV rtyulred t¢ A full actuall w•5 ¢4ifflTe de of )) IDZO. of £ZOI.Im. 11a6t of É2% kn and 4 defrt [$5 Rrn. To dbMbiat wtr1. the tnATt5 ttre ha that FrLTh 1 IORI to knt2WI". thlywd 31 on e•th 151 5eoembtti of E1I7.fjhl a thfKrt of IY ?th. To thb rtIall. Trth h15 the partKJi to ply c&itnbtir7s Lo tho ¥hnpa5 t<4.. Fr¢m 1 SErtember2019tD I•>J." The am&vJnt iÈ¢¢intsed the Mt ry¢5ty1¢ Yalw of the relaths to defrt. Tht PiÈ5•lt Jl W 1021 31 W IOZO JI W IO1• 241.357 115.279 R•condlWiLm PyiDd tndinl 31 Auwyt 1011 Jl 2010 P85.179 un¥4[he(lAkn)l f¥tty lkntereAewtywi 2.274 2.891 Dvttil(tsitrthrtkn paHJ (21]1 166.mg Plly 16
Beechwood Park School Limited NOTES TO THE FINANCML STATEM£MTS for ended 31 Awust 2021 11 PEfisv)MS Itu• Jl •4mrtt E•ll JI W 2ts20 IwE51 l.274 1.993 JI W 1021 JI W 2020 31 W 2019 31 IAwyt ltyll JI Its20 31 AuyJSt 2ts1• Yoar I 25.25J Ye¥z Yeul Year4 Ypar5 Y*[6 Yeai 7 YèaT Ywdr g Ytjr 10 y11 26.791 27.595 ts.413 26.791 27.595 U.423 .175 )J.15 Ji.05B Ji.9YO 21.967 26.Tr1 11.595 21.423 19,275 30.154 31.051 31.gyo 21.467 )).151 31.051 Ji. 12 IIEfiM¢ts4E FOR MYEAR 2010 NÈi 4ncwe15 5tatÈd ètser chaiDI8.' therenla15 •.J¥J 329.139 Pt 17
Beechwood Park School Limited NOTE5 TO THE FINAIICLIL STATEWEHTS for the >rdr 31 ALFAt 2021 Tot•l At I Stoembv 2020 1.011.h6 167.W 111.folj 4té.B50 143.14t Dty15 1)6J.579J At 31 W 2021 9.455.ts70 1.190.610 10.61b.124 Al 1 5optthbet 20 g)). 117,561 111.thX)i 1.Tr7.495 349.383 227.6J6 4.1Tr 16.CJl> t )1 Ahw2021 1.215.321 910.4S3 Z.130.277 Nrt trtthval AI 31 W 2021 .239.74 2BI.147 17.952 At I Wembor2020 .In.115 Zf.8 14 PELITORS zg11 2020 Fee5 a)deAtras Othw debt5 zJ.I 12.gS6 31.818 49,357 15 CAEDrroRS Ijnts zoii rYcr¢thtcr5 168.144 95.4 70.2} Fee LpOSItI 38.79• 4.419 71.6*4 (rlS 171.297 514.7 1.701.3$1 20 I Iwwards 14.419 P4Et I
Beechwood Park School Limited NOTES TO THE FINAIICIAL STATEMENTS for the year 31 211 14 tAegrrois OUE STEftOMIYEAR 1021 s[ foÈdegosff5 57J.Y 349.750 373.75ty 349.no 17 PWNC15FORLlJimES Zl It i Stpirt 201Q 1trerrea5e)IlDcret prtyts 146.349 124.•921 285.279 At )1 Auw 2Ql 241.J57 266.249 11 STA11[ aF FUMD5 At31 Urtrted fwThJL" Gwval re5erye Désw¢ed iw". 4.Y8.285 7.W.B52 (l.b)7.427 139.133 4.8W,U43 117.120 5.025.257 16.543 7.975 ,7 4.113,589 9.731.362 7.1•7.415 9.793.375 RestYi¢¢ed fw Totsl restrKied TcLal fw 9.731.36k 7.W.415 .BJ5.¥)1 9.793,375 Tr1 At 31 51 rostntted tw&.. 3.904.79) 7.769.571 17.373.lI Lk5Wattd ff7d.. BPSPA 4.588.285 217.217 5.130. .416 1Èser 5,025.257 9.33B.944 7.7*.911 (7.413.7771 6.269 9.731,3fj1 Resirtted fi 1fy.269> Tatal rewKied (6.2691 T0¢41 fw 9.)39.83B 7 5.7 (7.413.771) 9.731.2
Beechwood Park School LimTted NOTES To THE FINANCL ATeMENTs for theyear end 31 2WL1 ZOZl Taryible ILTed •15 Cutrenl a55et5 CutreDI Iiilrt LonRtorni Ibbuff 3.642,161 i.x•. 34.no 4.913.515 ,555,B47 n.947 4.WJ.841 •.nJ.175 Tlilal 4.011.Vfy 117.B2D J.018.706 11.70•.3611 Cuiiwl ljabilrt 11.7W.J61) 1616.tTr19) Total a55e 4.588.285 117.810 5.025.257 •.731,342 10 coIA¥trxNTS UIIKR OPeiAllllGLEISES IkM5.. rth¥(w yea 17.120 31.1é2 37.138 21 RELATED P•rn 22 COIITAOL A¢ the year JI •51 1011. there a CWI UTthIknI of to thp 12010". {1).692 relatiw to tht P4 )0
Beechwood Park School Limited NOTES TO THE FINANcL STATEMENTS for thè year wded 31 2021 Z4 NtyTESTO TME WMFLOWSTATWIIT 62.013 349.JB3 329.839 16.6561 Ik Interst PtDfitllLossi lln SOiof Fd Assets e45el(TrE(reÈ) trethiiJr5 361.J• 555.1 Pe 31