CONIPANY NUMBER: 00937554
CHARITY NUMBER: 311711
BEAUDESERT PARK SCHOOL TRUST LIMITED
(a company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

BEAUDESERT PARK SCHOOL TRUST LIMITED
CONTENTS
YEAR ENDED 31 JULY 2024
Page
Trustees, Officers and Advisers
Annual Report of the Trustees
Directors. Report
strategic Report
6- 11
Independent Auditor's Report
12-14
Statement of Financial Activities
15
Balance Sheet
16
Statement of Cash Flows
17
Notes to the Financial Statements
18-28

BEAUDESERT PARK SCHOOL TRUST LIMITED
TRUSTEES, OFFICERS AND ADVISERS
YEAR ENDED 31 JULY 2024
Directors and Charity Trustees
The Trustees of Beaudesert Park School Trust Limited ("the School") are Ihe School's charity trustees
under charity law and the directors of the charitable company. The members of the Governing Body
who served in oflice as Trustees, and also any ex-Trustees who served during the year as indicaled,
are-.
Name
Mr T Ahearne
Mrs S Block
Mr C Case
Mr A Collins
Mr S Elliott
Mr P Evitt
Lad R Ford
Mrs K Hollowa
Mrs H I'Anson
Mr S Jones
Chair
MrsCK2
Com
an
Secretar
Mrs C Lou
Vice Chair
Mrs Z Lucas
Mr J Masse
Mr J Nellleton
Dr J Thompson
Mrs E Walker
Chair
Chair
Chair
Chair
Chair
Chair
Boarding, Pastoral and Safeguarding Sub-commiltee
Education Sub-committee
Finance and General Purposes Sub-commillee
Governance and Compliance Sub-commitlee
Mafkeling Sub-committee
Polilical Risks Sub-committee
Officers and Professlonal Advisers
The Headmaster:
Mr C Searson BA, QTS
Finance Director:
Mrs T Scrivener BA, ACA
Independent Auditor..
Crowe U.K. LLP, 41h Floor, St Jaines House, St James Square
Cheltenham. GL50 3PR
Bankers..
Lloyds Bank PLC. 12 Rowcroft, Slroud,
Gloucestershire. GL5 3BD
Solicitors..
Harrison Clark Rickerbys Ltd, Ellenborough House, Wellington Slreet,
Cheltenham, Gloucestershire, GL50 1YD

BEAUDESERT PARK SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
The Board of Trustees present their Annual Report for the year ended 31 July 2024 under the Charities
Act 2011 and Companies Act 2006, Ihus including the Directors, Reporl and Strategic Report under the
2006 Act, logethei with the audited financial slatements for the year.
DIRECTORS, REPORT
Beaudeserl Park School Trust Limited is a Charitable Company founded in 1908, charity number
311711, company registration number 00937554, with the liability of ils members limited to £1 each by
guarantee, The Company's Regislered Office and principal operating address is Beaudeserl Park
School, Minchinhamplon. Gloucestershire, GL6 9AF.
CONSTITUTION AND OBJECTS
The objects of the Company in accordance with ils Articles of Association are the acquisition and
continuance of schools for the education of children and the furthering of education in all respects,
particularly as regards the development of Beaudesert Park School.
In furtherance of these Objects for the public benefil. the School has established and administers
bursaries, grants, awards and other benefactions, and acts as the trustee and manager of properly,
endowments, bequests and gifts given or established in pursuance of these Objects.
AIMS, OBJECTIVES AND PRINCIPAL ACTIVITIES
Aims
The School's principal aim is the provision of a high achieving, academically aspiring and all-
encompassing education in a friendly family environment, which upholds traditional standards. All
members of the School are actively encouraged to achieve their true potential.
The Board of Trustees is mindful of the long-standing need lo provide public benefit and of the
requirement of the Charities Act 2011. Please also refer lo page 7 for fuither details on the public benefit
given by the School.
Primary Objectlvos
The primary objectives ol the School to fulfil this aim are-
To provide a slimulating learning environment in which pupils can develop their academic
potential lo the full-
To provide a happy and secure pastoral environment in which pupils can learn lo live together
and thus foster a sense of community. co-educalion, respecl for one anolher and good
citizenship.,
To provide pupils with the opportunity to lake advantage of Ihe breadth of co-curricular activities
In order to develop positively all aspects of their character:
To provide financial support to enable children whose parents are unable to afford the full fees
to benefit frorn a Beaudesert Park School educalion;
To provide a clear, simple and effective management structure capable of taking timely
decisions and allocating necessary resource5 appropriately., and
To provide the necessary administrative and logislical framework to meel the needs of members
of staff and pupils alike.
GOVERNANCE AND MANAGEMENT
Governing Document
The School is governed by its revised Memorandum and Articles of Association, which were adopted
for use at the Annual General Meeting held on 7 March 2006 and amended on 17 March 2020.

BEAUDESERT PARK SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Governance
The updated Charity Governance Code (2020) was reviewed by the Trustees in 2022. and il was fe5t
that no changes needed to be made to the School's governance at this point, although this will be kept
under review.
Governlng 8ody
The method of appointment of new Trustees is by invitalion by the Board. Trustees are elected at main
Board meetings following nominations from existing Trustees for candidates possessing the necessary
competencies, specialist skills, eligibility and availability. Trustees are appointed for 2 3-year term but
can seek re-election for up to a further iwo 3-year terms. Any extension beyond nine years requires the
appioval of the full Board. There is a school policy relating to the appointment and re-election of
Trustees. In line with a special resolution passed on 17 March 2020, the maximum numbei. of Trustees
was increased lo 18.
Trustee Trainlng
New Truslees are inducted into the operation of the School and the requirement for compliance with
company legislative and Gharilable regulations Ihrough specific orientation sessions organised both at
Ihe School and elsewhere. Trustees have attended suilable updates or briefings on new legislative
requirements. The full Board has received training in safeguarding. the expectations of the Independent
Schools Inspectorate, and aspects of good practice.
Trustee Monltoring
A number of Trustees, acting in rolation, visit the School each term to scrulinise the School's
performance in key areas and monitor progress and developmenl in relation lo stated aims and the
targets set out in the School Development Plan.
Organlsatlonal Management
To ensure that Ihe Trustees have adequate suilably detailed knowledge of the operation of the School,
its policies and compliance with all the necessary company and charitable legislation, each Trustee
belongs to either the Education. Finance & General Purposes, Governance & Compliance, Boarding,
Pastoral & Safeguarding or the Marketing sub-committees., their appointment to the Governing Board
and respective sub-commiltee reflects Iheir individual areas of expertise. These 5 sub-commiltees
normally meet lermly prior to each main Board meeting. They are responsible for reviewing annually Ihe
School policies and risks relating to their area of responsibility. They are also responsible for monitoring
and evaluating the relevant section of the School Development Plan which is prepared annually by the
School's managemenl. The main Board meets termly lo review and approve the sub-commiltees, work
and the overall policy for the management, functioning and developmenl of the School, for which they
have a legal responsibilily. The day-to-day running of Ihe School is delegated to the Head and the
Finance Director. wilh support from the Deputy Head and the Head of Pre-Prep along with other senior
slaff.
Given the significant implications and risks associated with potential changes in government policy to
the financial framework within which independent schools had been operating, in parlicular the addition
of VAT to fees, a sixth sub-committee was established in December 2022, the Political Risks Sub-
Committee. This sub-committee has met at least lermly since inception, with the puiposes of facilitating
coordination across the Goveining Board and its sub-committees and enabling acceleraled planning
and decision-making in a dynamic, wide-reachin9 context. This sub-committee will continue to operate
until such time that the risks of these external changes have been mitigated to the point that the prior
arrangements for organisational management are sufficient.
Remuneration is set by the Board for all staff. Established pay scales reflect skills. experience and
responsibility, while the School aims to encourage enhanced performan￿ and, in a fair and responsible
manner, reward individual contributions to the School's Suc￿ss.

BEAUDESERT PARK SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also Diiectors of Beaudesert Park School Trust Limited for the purposes of
company law) are responsible for pieparing the Trustees, Annual Repoil and the financial statements in
accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards).
Company law requires the Trustees to prepare financial statements for each financial year. Under
company law the Trustees must not approve the financial slatements unless they are satisfied that they
give a true and fair view of the slate of affairs of the Charitable Company and of the incoming resources
and application of resources, including the income and expenditure. of the Charitable Company for that
period. In preparing Ihese financial slatements, the Trustees are required lo..
select suilabSe accounting policies and Ihen apply them consistently.,
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent:
state whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements- and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
Ihal the Charitable Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the Charitable Company's transactions. disclose with reasonable accuracy at any time the
financial position of the Charitable Company and enable them to ensure that the financial statements
comply with the Companies Act 2006 and the provisions of the Charity's constilulion. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularilies.
So far as the Truslees are aware, there is no relevant audit information of which the Charilable
Company's auditors are unaware. The Trustees have each laken all the steps that they ought lo have
taken as Trustees in order to make themselves aware of any relevant audit information and lo establish
that the Charitable Company's auditors are aware of that information.

BEAUDESERT PARK SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
STRATEGIC REPORT
MISSION STATEMENT
Beaudesert is one of the leading prep schools in the country, inspiring and nurluring every one of OLtr
children to be the very best versions of themselves they can possibly be, encouraging aspiration,
celebrating individuality, embracing curiosity and fostering kindness.
We wish for our children to be happy and flourishing in the present, while preparing for and stepping
confidently into a bright future.
We achieve this in an environment that is forward-lhinking. holistic and dynamic educationally, while
upholding the finest traditional values and practices.
Our position as an entirely independent 13+ prep school enables us to be flexible and adaptable to the
needs of every individual child and family, supporting and preparing them for their future education with
confidence.
STRATEGIES TO ACHIEVE THE PRIMARY OBJECTIVES
The Board's main objective for the year continued lo be the educalion of the School's pupils aged
between 3 and 13 to the highest possible standard, so that they will succeed with their application to,
and subsequent careers in, Iheir chosen senior schools.
To asslst in achieving this objective, the Board's strategy was to maintain and improve the physic21
buildings and assets of the School and maintain the appropriate number and quality of motivated staff
to deliver the widest and most appropriate curriculum to its pupils.
ACHIEVEMENTS AND PERFORMANCE
Inspection
The School successfully underwent a Regulatory Compliance Inspection by Ihe Independent Schools
Inspectorate {ISII in June 2022. The Key Findings were as follows.. 'The School meets the standards in
the schedule to the Education (Independent School Standards) Regulations 2014, the National Minimum
Standards for Boarding Schools 2015, and relevant requiremenls of the slatutory framework for the Early
Years Foundation Stage, and associated requirements, and no further action is required as a result of
this inspection.
The previous Inspection in November 2017 dealt with both Regulatory Compliance {findings as above)
and the Quality of Education which covered all aspects of school life. The parl dealing with Quality of
Education focussed on Iwo key outcomes: the achievement of the pupils, including academic
development, and the personal development of pupils. The School was graded Excellenf in both
categories, this being the highest of four gradings that can be awarded.
Review of achievements and performance for the year
Of the 48 Year 8 leavers, all went on lo their fifstchoice of a wide variety of senior schools, which totalled
19 this year. Additionally, 16 of these pupils were awarded scholarships or exhibilions reflecting their
prowess in either Ihe Academic, Drama, Art. Design Technology, Music, or Sporling disciplines.
Elsewhere in the School the overall academic achievement was similarly buoyant, with drama, music,
art and sport featuring most extensively in the life of the School's pupils. Year 5 experienced a three
day combined History and Geography fieldtrip lo Devon in March and Year 7 undertook Ihe personally
challenging week's outward bound course in September. The Year 8 leavers undertook a week of
adventure and fun in Cofnwall, as part of Iheir post Common Entrance piogramme. which enabled them
to spend some special time together before heading off to their various senior schools.
Faclllties
New facilities completed in the last 10 years, particularly the Performing Arts Centre (2015), the Library
(2016), the Qube Classroom block (2017), a second ICT suite (2017), the resurfacing of Ihe aslroturf

BEAUDESERT PARK SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
(2018) and the restoration of the Victorian pond {2019), have all continued to serve an excellent
educational facility, enhancing the children's learning experiences.
In 2020 the School began a programme of refurbishment of existing classrooms with the first four
classrooms completed in the 2020121 academic yearand two furtherclassrooms refurbished in 2021122.
A new canopy was also constructed lo partially cover the Reception year outdoor play area to extend
use of this facility Ihrough all seasons. In the summer of 2021 further iinprovements were made lo the
Pre-Prep outdoor play areas including the addition of some all-weather astroturf to the Nursery play area
and willow fencing to enclose the Reception year outdoor area. In addition, the boys, boarding facilitie5
were renovated to modernise and rejuvenate Ihe bedroom spaces.
In the autumn term of 2021 the School's mini-astrolurf was resurfaced and new relraotable crickel nets
installed enabling this area to be used as a multi-use sporling facility. In the summer of 2022 the
hardcourts were also resurfaced with a new larmac layer covered by a thin carpel which enables the
Spa￿ to be used for hockey and ball sports whilst still remaining suilable for tennis and netball, thus
widening use of this facility across the school year.
In 2024 the Pre-Prep play area was expanded and new outdoor climbing equipment installed. A
classroom was Converted inlo a new and very welcoming'wellbeing" hub for children called"The Nook"
In addition, the girls, boarding facilities were renovated to Cfeate bright, light and inspiring bedrooin
spaces.
Publlc benefit
Beaudesert Park School remains committed to the aim of providing public benefit in accordance with its
founding principles. Charity law has introduced a requirement to demonstrate public benefit for
charitable purposes where it has hilheilo been presumed in the absence of evidence to the contrary.
This calls in turn for more detailed disclosures concerning our aclivities.
Educational
The independent sector as a whole. and Beaudeserl in particular. provides excellence in
"challenging subjects..
While nationally the number of children studying languages has declined, the School
continues to teach all children modern foreign languages.
All children are screened for Special Educalional Needs. The provision of specialisl support lo
those identified with needs is in ilsell a public good.
As part of the School's development and improvement planning the standards of the School's
education are reviewed annually against national benchmarks and Ihe School's educational
provision exceeds those benchmarks.
The School uses its own resources to recruit people into the teaching profession, then to
induct and train them. They are actively assisted in achieving Qualified Teacher Status, which
allows teachers to move to the maintained sector should they wish.
Wider communit
and arlnershi
The School is conslanlly seeking new ways in which lo deliver ils charitable objects lo young
people without regard to wealth, race, religion, social or academic status.
The School has developed and continued links with our local community including:
Access lo facilities for schools in the maintained sector, for example developing
Links with Avening Primary School. Brimscombe Primary School and Acorn School to
utilise the School's pool for swimming lessons.
Access to facilities for local children's sports teams, for example access to the
School's astroturf for evening training for Minchinhampton Under 9's, Under 11's and
Under 13's football teams, and access to the School's playing fields to host the
Gloucestershire Cricket Board's week long Under 10,5 cricket festival.
Access to the swimming pool for the local community in the early mornings, evenings
and at weekends, including for children of primary school age to use and learn to
swim through the Saturday Swim School.
Access to the School's music facilities for local chiklren when it acts as a centre for
Associaled Board for Music Exams.

BEAUDESERT PARK SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Charity fundraising both in terms of money raised and collections, such as supporting
the Macmillan Cancer Coffee Morning, collecting food through our Harvest Festival
service for Slroud Foodbank, raising funds for Children in Need and the British Legion,
and making donations to the Red Cross and the local Stroud Choral Society. Again
this year, children from Years 310 6 took pait in Ihe Restless Development children's
triathlon at Clifton College Ihat raised £99.000 in total. Our annual charity shopping
fair also saw £10,000 raised for Guide t)ogs enabling the School to sponsor a puppy
through its training.
Visits to residents of care homes in Minchinhamplon and Nailsworth as part of
activities programmes or wilh the Pre-Prep choir. combined with fundraising events for
these centres and for the local hospice.
During the year the School continued ils link with Widden School, a multicultural primary school
in Gloucester. Pupils from Year 4 in each school experienced the environment of the other to
gain an understanding of the lives of others from different backgrounds and Gultures.
Environmental and suslainabilit
The School is committed to educating ils pupils about environmenlal and sustainablllty issues.
Children from Nursery lo Year 3 have Forest School lessons, while Ecology is also taught from
Year 3 to Year 5 as a dedicated subject. Our E¢o£ommittee once again achieved Green Flag
Status for the School having underlaken various Eco-school projects encompassing heallhy
living, energy and marine support. Meat Free Mondays take place at lunchtimes, followinq child-
led requests lo do so. More widely, learning about the environment and Inatters of sustainability
are embedded within the Science curriculum and our programme of assemblies. The renovation
and restoration of the Victorian pond encourages ecological inlerest and commitment amongst
the pupils. A recently acquired field has been set aside as a wildflower meadow and native trees
and hedge species have been planted to encourage more wildlife.
During the 2023124 academic year the School commissioned an Estate Decarbonisation Plan
and will use it to help formulate a long-term strategy to achieve Net Zero carbon.
Financial and access
Bursaries - It is important to us that access to the educalion we offer is not restricted to those
who can afford our fees. The School's bursary policy has been authorised by the Trustees and
forms part of the School's public benefit stralegy which contributes to a widening of access lo
the education we offer and the facilities we enjoy. The aim of the bursary policy is to ensure
that prospective and current parents are aware of the bursary provision and the process by
which they can apply. The Trustees are committed lo assisting access lo the School by
offering means-tesled financial support with the paymenl of school fees. Bursaries may be
awarded in the form of a discount of up to 1000k of the day tuition fees, depending on the
financial circumstances of applicants.
The School supported 21 children with financial help duiing the year amounting to fee
assistance of £197,224 (2023.. £134.397)
To ensure Ihat music advancement is appropriately encouraged to the highest levels, pupils
who have attained Grade 5 in any particular instrument are offered subsequent free music
tuition for that instrumenl amounting to £1,280 in the year for 3 pupils (2023.. £500 for 2
pupils).
In the furtherance of Ihese aims Beaudesert Park School Trustees have complied with the duty in s.17
of the Charities Act 2011 to have due regard to Ihe Charity Commission's published general and Televant
sub-sector guidance concerning the operation of the Public Benefit requirement under the Act.

BEAUDESERT PARK SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
FINANCIAL REVIEW
Results for the year
The School's operating surplus for the year was £250,117 (2023.. £422,386) which included donations
of £1,24812023.' £8,358) as below. The School's total unrestricted surplus for the year was £282,475
{2023.' £432, 512) and is equivalenl to 3.6 % of total income (2023.. 5.6%).
Fundralsing performance
No formal fundraising for the School has been undertaken in 2023-24. In 2022-23, the majorily of the
donated incoine was from families donating their deposits when their child left the School and from a
fundraising talk.
Regarding 'normal' fundraising activities, the School does not use professional fundraisers or have any
commercial parlicipalors. All fundraising activilies are managed by the School Office and monitored by
the Finance Direclor, with overall oversight by members of the governing body.
No complaints relating to fundraising were received by the School during this financial period. However.
the School has in place procedures thal would be followed in the event of a complaint being reGeived
with the initial response being the responsibility of the Finance Director. Any continuing issues would
then be passed to the governing body to determine whal further action might be required.
The School does nol subscribe to any specific fundraising standards or schemes for fundraising
regulalion bul considers that it has set appropriale standards for the operation and management of ils
fundraising activities. In particular, the School considers that ils processes and controls should ensure
that vulnerable people and other members of the public are protected from any unreasonable inlrLFsion
on a person's privacy and Ihat no fundraising activilies would be unreasonably persistent or place undue
pressure on a peison to give money or other property.
The School has a separate volunteer parent body, the Friends of Beaudesert, which aims lo organise
social events for parents and pupils. The Friends also undertake some general fundraising activities,
most notably the annual Autumn Fair held on site at the School, the proceeds of which are donated to a
charity of their choice.
Investment policy, objectives and performance
All liquid resources are secured in bank current accounts, fixed term cash deposits, T-Bills and
government bonds pending the need for the funds for working capital. future building, maintenance and
development programmes. The School currently does nol have any olher form of investments.
The School's investment approach is, therefore, lo achieve the best financial return possible within the
conslraints of maintaining appropTiate liquidily and investing in low-risk assets. Target returns for
investment are either above the cost of funds raised or, in the case of retained surpluses and general
school monies, returns as close lo Bank of England base rates as can be achieved while meeling the
School's liquidity and capital PTeservation requirements. In Ihe period. these goals were met.
To the extenl that suitable investments in future include those with social, environmental or ethical
implications, investment decisions will lake these into account in the context of the School's ethos and
responsibilities in these areas.
Reserves level and policy
The Trustees, policy is over time to build up free reserves (General Funds less Tangible Fixed Assets)
out of annual operating surpluses towards a level equivalent to approximately one term's expenditure
(circa £2ml. This reflects Ihe need to cover the risks and uncertainties of operating as an independent
educational establishment, but will be subject to the prior demands of capital expendilure programmes
to equip the School with the up-to-date facilities needed to mainlain the standard of educational services
currently provided. Going forward, and within the objectives of the policy, the Trustees will use its credil
facility and any like il to fund further small capital developments as and if required.

BEAUDESERT PARK SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
The School's unrestricled funds stood at £10.3m (2023." £10.Om) at the year end with free reserves of
£2.3m (2023.- £1.8n7). Unrestricted funds are used to fund the School's premises and equipmenl tolalling
£8.Om, net of the School's working capital and cash reserves. Day to day working capital needs were
met by careful management of the School's liquid resources.
The School's restricted funds of £9,456 (2023." £41.814) will be used to fund means-tested Bursaries
going forward.
The School also has a designated fund of £116,237 (2023.. £70,591) which is designed to fund the
restricted fund for means-tested Bursaries if Ihe need arises.
FUTURE PLANS
The School continues to plan to provide the most stimulating 2nd all round education to its pupils and in
that regard aims to increase, enhance and maintain ils educalional resources and facilities to provide
the most motivating learning environment.
Duiing the course of the academic year 2019120 a new 5 Year Strategic Developnient Plan was agreed
in consultation with all staff and members of the Board of Governors. This was formally launched in the
summer of 2020 to guide the School's planning through to 2025. It includes the development of the
School's academic, pastoral and boarding provision, with particular focus on character developmenl,
breadth of opportunity and the enhancement of community, charily, diversity and environmental
awareness. Appropriate development of facilities to support these aspirations is also included.
RISK MANAGEMENT
The Trustees have given consideralion lo the major risks lo which the School is exposed. The Governing
body has ultimate responsibility for managing any risks faced by the School. Detailed consideration of
risk is delegaled to the Governance & Compliance Committee, and from there to the other sub-
committees of the Board for the areas relevant to each of them, reporting formally lo the Board each
year. Routine management of risk is delegated to the Head and Finance Director, supported by the
Senior Leadership Team. The risk management process and the resulting risk register identifies risks,
assesses their impact and likelihood and, where necessary. recommends controls to mitigate and
monitor risks, in parlicular those assessed as high.
Princlpal risks
The Board continues to identify and review the major risks to which the School is exposed. In particular,
the School recognises three principal risks, summarised below..
Loss of Finaiicial Security
External forces, including economic faciors such as inflation, energy prices, cosls of living, increases to
employer National Insurance contfibutions and a change in government policy toward independent
schools removing mandatory Business Rates Relief and imposing VAT on fees, may combine to
undermine affordability for parents and the financial resources andlor operating model of the School.
The key controls to mitigate this risk are..
Maintaining an effective financial planning framework, including detailed scenario analysis, cost
and investment spending disciplines. financial controls and reserving policy.
Spending on resources required to maintain high educalional standards while raising fee levels
by the minimum amount lo do so.
Providing bursary support in certain cases where families require it to benefit from the School.
utilising external advice from relevant associations (including ISC, AGBIS, ISBA) and
professional providers, as necessary.
Loss of Rep(Ilation due to Falling Educational Standar(Js
io

BEAUDESERT PARK SCHOOL TRUST LIMITED
ANNUAL REPORT OF THE TRUSTEES {CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
High educational standards are a pre-requisite to ensure the excellent reputation ol the School is
preserved. The key controls to mitigate this risk are..
Effective structures for school management. communication and reporting.
Employirig, retaining and training excellent teaching staff.
Disciplined programme for staff appraisal and monitoring.
Resources, time and priority given to stalf wellbeing.
Mainlaining the quality of contingent remote learning provision.
Failure to Comply with Stalutory Regulalioi?s
In order to provide a safe environment for pupils, staff and other visitors as well as appropriate levels of
education, the School is required to comply with a variety of slatutory regulations. The key controls to
mitigate this risk are..
Comprehensive policies and procedures, reviewed by Governors, Ihe Head and the Finance
Director at least annually and familiar to staff as necessary for their roles.
Internal and external reviews and checks, with the necessary resources provided, lo confirm
compliance with laws, guidelines and good praclise.
Relevant and adequate insurances in place. reviewed annually by the Governance &
Compliance Committee.
Ongoing tfaining, including as diclaled by changing regulation.
Clear and established safeguarding protocols, procedures, controls and roles.
The Trustees believe that the School's financial resources, conlingency planning and management of
risks are sufficient to ensure the ability of the School to continue as a going concern for the foreseeable
future.
AUDITOR
In accordance with Section 485 of the Companies Act 2006, a resolution proposing Crowe U.K. LLP'S
reappointment as auditor will be pul lo the Annual General Meeting.
This Annual Report, prepared under the Charities Act 2011 and the Companies Act 2006, was approved
by the Governing Body of Beaudeserl Park School on 18th March 2025, including in their capacity as
company directors approving the Strategic Report conlained therein, and is aulhorised on its behalf by..
Mr S Jones
Chair of Trustees
li

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BEAUDESERT PARK SCHOOL
TRUST LIMITED
Opinion
We have audited the financial statements of Beaudeserl Park School Trust Limited for the year ended
31 July 2024 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash
Flows and notes to the financial statemenls, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and Uniled
Kingdom Accounting Standards, including Financia5 Reporting Standard 102 the Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial slatemenls-.
give a true and fair view of the stale of the charitable company's affairs as al 31 July 2024 and
of the incoming resources and application of resources, including its income and expenditure
for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnion
We conducted our audit in accordance with International Starbdards on Auditing (UK) IISAS (UK)) and
applicable law. Our responsibilities under those standards are furlher described in the Auditor's
responsibilities for the audit of Ihe financial statements section of our report. We are independent of the
haritable company in accordance with the elhical requirements that are relevant lo our audil of the
financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe Ihal the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relatlng to golng concern
In auditing the financial statements, we have concluded that the Trustee's use of the going concern basis
of accounting in the preparation of the financial slalements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to
events or conditions that, individually or collectively. may cast significant doubt on the charitable
company's ability to continue as a going concern for a period of al least twelve months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibililies of the Trustees with respect to going concern are described
in the relevant sections of this report.
other information
The Trustees are responsible for the other information contained within the annual report. The other
information comprises the informalion included in the annual report, olher than the financial stalements
and our audilor's report thereon. Our opinion on Ihe financial statements does nol cover the other
information and, except to the extent otherwise explicitly stated in our report, we do nol express any
form of assurance conclusion Ihereon.
Our responsibility is to read the other information and, in doing so, Consider whether the other information
is materially inconsistent wilh the financial stateinents or our knowledge obtained in the audil or
otherwise appears to be malerially misstated. If we identify such material inconsislencies or apparent
material misstatements. we are required to determine whether this gives rise to a material missl2tement
in the financial statements themselves. If, based on the work we have performed, we conclude that Ihere
is a material misstatement of Ihis other information, we are required to report that fact.
We have nothing lo report in this regard.
12

Opinions on other matters prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audit
Ihe informalion given in the Trustees. report, which includes the directors. reporl and the
strategic report prepared for the purposes of company law. for the financial year for which the
financial statements are prepared is consistent with the financial statements,. and
the strategic report and the directors, report included within the Trustees, report have been
prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exception
In light of the knowledge and understanding Ihe charitable company and their environmenl obtained in
the course of the audit, we have not identified material misslatemenls in Ihe slrategic reporl or the
directors. report included within the Truslees, rewrt.
In light of the knowledge and understanding of the charitable company and their environment obtained
in the course of the audit, we have not identified material misstatements in the strategic report or the
directors, report included within the Trustees. repoil.
We have nothing lo report in respect of the following matters in relation to which the Companies Act
2006 requires us to report lo you if, in our opinion-
adequate accounting records have not been kept. or
Ihe financial statements are not in agreement wilh the a¢¢ounting records and retUTns,' or
certain disclosures of Trustees, remuneration specified by law are not made., or
we have nol received all Ihe information and explanations we require for our audit.
Responsibilities of Trustee8
As explained more fully in the Trustees, responsibi5ities statement on page 5 the Truslees (who are also
the (fireclors of the charitable company for the purposes of company law) are responsible for the
prepaiation of the financial statements and for being salisfied that they give a true and fair view, and for
such internal control as the Trustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Tiustees are responsible for assessing the charilable
company's ability lo continue as a going concern, disclosing, as applicable, Imatlers related to going
concern and using the going concern basis of accounting unless the Truslees either intend lo liquidate
the charitable company or lo cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audlt of the financial statements
Our objectives are to obtain reasonable assurance alx)ut whether the financial statements as a whole
are free from material misslalemenl, whether due to fraud or error, and lo issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS {UK) will always detect a material misstatement when il exists.
Misstatements can arise from fraud or error and are considered material if. individually or in the
aggregate, they could Teasonably be expected to influence the economic decisions of users taken on
Ihe basis of these financial stalements.
Extent to whlch the audit was considered capable of detecting irregularltles, Including fraud
Irregularities. including fraud, are instances of non-compliance with Saws and regulations. We design
procedures in line with our responsibilities. oullined above, lo detect material misslatemenls in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecling
irregularities, including fraud is detailed below-
We obtained an understanding of the legal and regulatory frameworks wilhin which the Charitable
13

Company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011, together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items. 

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context were The Education (Independent School Standards) Regulations 2014. 

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of Trustees and other management and inspection of regulatory and legal correspondence, if any. 

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be with the completeness and accuracy of bursaries, remissions and other fee concessions, and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, The Finance Director and the Finance Sub-Committee about their own identification and assessment of the risks of irregularities, sample testing on bursaries, remissions and other fee concessions, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, Independent Schools Inspectorate, Ofsted and reading minutes of meetings of those charged with governance. 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non­ compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. 

A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 

Tara Westcott Senior Statutory Auditor For and on behalf of **Crowe U.K. LLP** Statutory Auditor 41" Floor St James House St James Square Cheltenham GL50 3PR 

**Date:** 01 April 2025 

14 



BEAUDESERT PARK SCHOOL TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating a Summary Income and Expenditure Account)
FOR THE YEAR ENDED 31 JULY 2024
Unrestricted
Funds
Restricted
Funds
2024
Total
2023
Tolal
Notes
INCOME FROM:
Charitable activities
School fees receivable
Ancillary trading income
Olher income
Donations & Grants Receivable
6,976,593
639,358
28,906
700
6,976,593
639,358
28,906
1.248
6, 954, 763
575,978
34, 939
8,358
548
Other trading actlvitles
Investment income
Other income
114,458
107,750
3,038
7,870.803
114,458
110,608
3,038
87,986
39,581
17,804
2,858
Total income
3,406
7 874,209
7, 719,389
EXPENDITURE ON:
Charitable actlvlties..
Education
7 588,328
7 624 092
7, 297,003
Total expendlture
5alb
7,588,328
35,764
7,624,092
7,297, 003
Net Income l (expendlture)
before investment gains
Gains on fees in advance
investments
282,475
132,358)
250,117
422,386
35,517
35,517
Funds brought forward
13114
9 968,577
10 010 391
9, 588,005
Funds Carried forward
13114
10 286 569
9,456
10,296 025
10,010,391
The notes on pages 18 to 28 form pail of these financial slalements.
15

BEAUDESERT PARK SCHOOL TRUST LIMITED
COMPANY NUMBER: 00937554
BALANCE SHEET
AS AT 31 JULY 2024
Note
2024
2023
FIXED ASSETS
Tangible fixed assets
Investments
7,969,428
4,285,222
12,254,650
8, f 88, 082
8, 188,082
CURRENT ASSETS
stocks
Debtors
Cash and deposits
15.609
522,238
2,023 394
2,561,241
18,891
495,091
2,490,881
3,004, 863
CREDITORS (amounts falling due within
one year)
10
2,279,991
857,909
NET CURRENT ASSFTS
281,250
2,146,954
TOTAL ASSETS LESS CURRENT LIABILITIES
12,535,900
10.335,036
CREDITORS (amounts falling due after
more than one year)
2,239 875
324, 645
NET ASSETS
10 296 025
10,010,391
FUNDS:
Restricted
Unrestricted:
Designated
Genefal
14
9,456
4t,814
13
13
116,237
10 170,332
70,591
9,897,986
TOTAL FUNDS
10,296,025
10,010,391
The financl21 statements were approved and authofised for issue by the Board of Truslees on 181h March 2025,
and were signed on its behalf by:
Mr S Jones
Chalr of Trustees
The noles on pages 18 to 28 form part of these financial statements.
16

BEAUDESERT PARK SCHOOL TRUST LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024
2024
2023
Cash flows from operating activities:
Nel income for the year
250,117
422,386
Adjustments for:
Unrealised gains on fees in advance
investments
Inlerest received
Finance costs
Investment Manager's lees
Profil on Sale of fixed assets
Depreciation charges
Oecrease in stock
(Increase) in debtors
IncreasellDeciease) in creditors
IncreasellDecrease) in fees in advan
Net cash provided by operallng
activities
35,517
(110,608
3,203
8,115
{320)
472,536
3,282
{27,146)
512,512
2,824,798
(39, 561)
3,012
(1, 350)
502,871
16, 727
(8, 581)
{25, 713)
110,647
3,972,006
759, 144
Cash flows from investing activitles:
Purchase of tangible fixed assets
Purchase of inveslments
Investment Manager's fees
Proceeds from sale of tangible fixed assets
Interest received
{253,8811
(4,285,222}
(8,115)
320
110,608
(228. 833)
1,350
39,561
Net cash used in investing activilles
(4,436,290
(187, 922)
Cash flows from financlng activities:
Finaiice costs paid
3,203
Net cash used in financing activities
3,203
3,012
Change in cash and cash equlvalents in the year
467,487
568,210
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the
year
2,490,881
1,922,6Tf
2,023 394
2,490,881
Notes to the Statement of Cash Flows
ANALYSIS OF CASH AND CASH EQUIVALENTS
Al 1 Augusl
2023
Cash Flow
At 31 July
2024
Cash in hand and al bank
Short term deposits
Total
596. 072
1,894,809
917,229
1,384,716
{467,4871
1,513,301
510,093
2,023,394
2.490,881
The noles on pages 18 to 28 form part of these financial stalements.
17

BEAUDESERT PARK SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
ACCOUNTING POLICIES
CHARITY INFORMATION
Beaudesert Park School Trust Limited is a registered charity with the Charities Commission England
and Wales (charity number= 311711) and was incorporated as a private company limited by
guarantee (company number.. 00937554). The address of its registered office is Beaudesert Park
School, Minchinhampton. Gloucestershire, GL6 9AF.
b)
BASIS OF ACCOUNTING
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with the Charities Act 2011, the
Companies Act 2006, the Statemenl of Recommended Practice applicable lo charities prepaiing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) - and the Financial Reporling Standard applicable in the UK and
Republic of Ireland (FRS 102).
Beaudesert Park School Trust Limited meets the definition of a public benefit enlity under FRS 102.
GOING CONCERN
The Governors have undertaken planning and forecasting for al the least the next 18 months and
continue to closely monitor the economic and polilical situation. Despite the current circumstances
the Governors believe that the School's financial resources and conlingency planning is sufficient to
ensure the ability of the School to continue as a going concern for the foreseeable future, being at
least Iwelve months from the date of approval of these financial statements and therefore have
prepared the financial siatemenls on a going concern basis.
d)
INCOME
All income is recognised in the Statement of Financial Activities when the conditions for receipt have
been mel and there is a probability of receipt. The following accounting policies are applied to
income:
School Fees and Simllar Income
School fees represent gross fees receivable, including fees for exlracurricular activities less
allowances, bursaries and other remissions granted by Ihe School.
Investment Income
Investment income is taken into account in the financial period in which it is due lo be received.
Donations & Grants Recelvable
Donations are recorded in the Statement of Financial Activities when the School has entitlemenl lo
the funds, any performance conditions attached lo the items have been met, it is probable that the
income will be received and the amount can be measured reliably. Where donations are received
only to be used for a specific purpose they are allocated to the appropriate reslricled fund.
Grants from government bodies and other sources are received for specific projectslcosls and are
recognised in accordance with their individual terms and conditions. Income is recognised when the
School has entitlement to the funds which is when any perlormance condilions attached are met, it
is probable that the income will be received and the amount can be reliably measured. Grant income
will be deferred if received in advance of meeting perfoimance conditions or if the funder specifically
states that the income must be spent in a future accounling period.
EXPENDITURE
Expenditure is accrued as soon as a liability is considered probable. Expenditure is allocated to
expense headings on a direct cost basis, with slaff costs being allocated according to the eslimated
time spent by staff working in relevant departments. The irrecoverable element of VAT is included
with the item of expense to which it relates.
Governance costs include costs involving the trustees and the direction of the School and are
included wilhin support costs.
18

BEAUDESERT PARK SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
ACCOUNTING POLICIES (continued)
fl
FUND AccouNTING
The School maintains various types of funds as follows..
Restrlcted Funds
Restricted funds represent grants. donations and legacies received which are allocated by Ihe donor
for specific purposes.
General Funds
General funds are unrestricted funds representing funds which are expendable at the discretion of
the Trustees in the furtherance of the objects of the School. Such funds may be held in order to
finance both working capital and capital investment.
Designated Funds
Designated funds comprise unrestricted lunds that have been set aside by the Governing body for
particular purposes. The aim and use of each designaled fund is set out in the notes to the financial
slatemenls.
g) TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets are staled at cost less depreciation. Deprecialion is not provided on freehold
land. On other assets depreciation is provided on cost in equal annual instalmenls over Ihe
eslimaled economic lives of the assets. The rates of depreciation are as follows..
Freehold Buildings
Plant and Machinery
Computers
Fixtures, fittings and equipment
2-10 /0 slraight line
20-50°/o straight line
10-33.3 % straight line
150/0 Straighl line
Expenditure on fixed assets is capilalised except for expenditure incurred on the replacement of
assets of low value with a short life. Repair, renovation and replacement expenditure is wrillen off
as expenditure in the Statement of Financial Activities. Items costing less than £500 are wiitten off
as an expense as acquired.
Assets in the course ofconstruclion are included at cost. Depreciation on these assets is not charged
until they are brought into use.
h)
INVESTMENTS
Listed investments are valued at markel value as al Ihe balance sheet date. Unrealised gains and
losses arising on revaluation are credited or charged to the Statement of Financial Aclivilies.
STOCKS
Stocks are slated in the Balance Sheet at the lower of cost and net realisable value.
DE8TORS
Shorl term debtors are recognised at Ihe settlement amount after any impairment.
k)
CREDITORS
Shorl term credilors are normally recognised at their seltlement amount after allowing for any trade
discounts.
AOVANCE FEE SCHEME CREDITORS
Amounts received under the School's Advance Fee Scheme contracts for education, not yel utilised
to settle school fees, are recorded as deferred income and allocated as current liabilities where the
education will be provided within 12 months of Ihe Balance Sheet date, and as long-term liabilities
where the education will be provided in subsequent years.
CASH AT BANK
Cash is represented by cash in hand and deposits with financial institutions.
19

BEAUDESERT PARK SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
ACCOUNTING POLICIES (continued)
TAXATION
The School is a registered charily and. as such, is entitled to taxation exemplions on all its income
and gains properly applied for its charitable purposes over the period of these financial statements.
VALUE ADDED TAX
Under legislation in force during the period of these fi'nancial slatements, the School remains unable
to recover any value added lax charged by suppliers. All such tax has been included in the financial
slatemenls with the expenditure to which it relales.
OPERATING LEASES
Rental costs under operating leases are charged lo the Statement of Financial Aclivities in equal
annual amounts over the periods of the leases.
p)
PENSION COSTS
On 31 December 2019 the School withdrew from the Teachers. Pension Scheme and now operates
a defined contribution scheme for all its staff, the assets of which are held separately from those of
the School. The pension cost charge represents contributions payable by the School to the scheme.
LIABILITIES
Liabilities are recognised once there is a legal or constructive obligation that commits the School to
the obligation.
ql
FINANCIAL INSTRUMENTS
The School only has linancial 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.
s) JUDGEMENTS IN APPLYING AccouNTING POLICIES ANO KEY SOURCES OF ESTIMATION UNCERTAINTY
Eslimates and judgements are continually evalualed and are based on historical experience and
other factors, including expectalions of future events that are believed to be reasonable under the
circumstances.
The items In the financial statements where these estimates and judgements have been made
include the following..
Useful economlc Ilves of tangible fixed assets
The annual depreciation charges for the tangible fixed assets are sensitive to changes in the
estimated useful economic lives and residual values of the assets. The useful economic lives and
residual values are re-assessed annually. They are amended when necessary to reflect current
eslimales, based on economic utilisation and the physical condition of the assets, See note 7 for the
cariying amount of the tangible fixed assets and note lg for the useful lives for each class of assel.
Impairment of debtors
The School makes an estimate of the recoverable value of trade and other debtors. When assessing
impairment of trade and other debtors, management considers factors including the current credil
rating of the debtor, the ageing profile of debtors and historical experience. See note 9 for Ihe nel
carrying amount of the debtors and associated impairment provision.
20

BEAUDESERT PARK SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
CHARITABLE ACTIVITIES - FEES RECEIVABLE
Fees receivable represenl gross school fees invoiced less discounts and allowances.
2024
2023
School fees
Discounts and allowances..
Fee SUPPOft
Fees less discounts
7,438,053
7,068,835
197,224
6,940,829
134,397
6, 934, 438
Add Back.. Bursaries and other awards paid for by
restricted funds
35,764
6,976 593
20,325
6, 954, 763
CHARITABLE ACTIVITIES - ANCILLIARY TRADING INCOME
2024
2023
Trip income
Music income
Tuition fees
other fee extras
425,320
248,128
149,485
116,425
639 358
97,874
215, 158
164,678
98,268
575,978
DONATIONS & GRANTS RECEIVABLE
2024
2023
Donations
8.358
21

BEAUDESERT PARK SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
5(a). EXPENDITURE- Analysis of total expenditure
staff
Cost5
Other
Depreciation
2024
2023
Charltable activities
Education
Housekeeping costs
Premises costs
Marketin9 and
publicily
Scholarships and
discounts from
restricted funds
Support costs and
governance
Total expenditure
4,566,363
35,787
472,034
334,850
627,787
33,802
5,038,397
370,637
1,100,323
33,802
4, 829,054
350,516
1,032,046
42,834
472,536
35,764
35,764
788.242
5,390,362
256 957
1045,169
7,624,092
1,022,228
7, 297, 003
1,761,194
472,536
5(b). EXPENDITURE - Other dlsclosures
2024
2023
Governance included in support costs:
Auditor's remuneration - for audit
Reimbursement of personal expenses to Governors- travel cosls
other governance costs
15,060
1,873
11,646
28,579
13,547
1,939
10,313
25, 799
Travel expenses of £1,873 (2023.. £1,939) were reimbursed (or accrued) in relation to two Trustees
(2023.. three Trustees).
2024
2023
Charltable activltles expenditure includes..
Depreciation of owned assets
Lease payment on School playing field
Bank charges
Inveslment Manager's fees
Pension costs
472,536
4,139
3,203
8,115
513 068
502, 871
3,857
3,012
508, 978
INFORMATION REGARDING TRUSTEES AND EMPLOYEES
Trustees, emoluments and expenses:
No Trustee, or person related as close family or connected by business to them, has received any
remuneration or other benefits from Ihe School during the year.
2024
2023
Employee costs durlng Ihe period:
Wages and salaries
Social secLFlity costs
Pension costs
4,482,784
394,510
513,068
5,390,362
4,249,170
389,067
508, 978
5,147,155
Included wilhin wages and salaries above is £372,348 (2023.- £342,699) relating to catering and
Gleaning wages for staff thatare noldirectly employed by the School, but by the catering and cleaning
suppliers.
22

BEAUDESERT PARK SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
INFORMATION REGARDING TRUSTEES AND EMPLOYEES (continuedl
2024
No.
82
22
38
16
158
2023
Average number of persons employed:
Teaching staff
Peripatetic music and activities
Support staff
Catering
84
23
38
16
161
The number of employees whose emoluments ex￿eded £60,000 were:
2024
2023
No.
£60,000 - £70,000
£70,000 - £80,000
£80,000 - £90,000
£90,000 - £100,000
£100,000- £110,000
The hlghesl paid employee was a member of the Schools Group Personal Pension Defined
Contributions Scheme. Contributions during the year were £16,595 (2023.. £15,811).
During the year there were £4,000 redundancy or lerminalion payments (2023.. £iiil).
2024
2023
Aggregate employee benefits of key management personnel
422,717
402, 753
This includes gross salaiy, employers, pension and employers, National Insurance costs.
TANGIBLE FIXED ASSETS
Freehold
Land and
Buildings
Plant and
Machinery
Coinputer
Flxtures.
Flttlngs and
Equlpinent
Assets Under
Constructlon
Total
Cost
Al l Augusl
2023
Additions
Disposals
At 31 July 2024
12,008,479
290,815
18,424
442.356
84,478
49,348
1.014,633
120,478
67,223
11,069
30,502
73,767,352
253,882
116,571
12 008,479
309,239
477,486
1,067,888
41,571
13,904,663
Depreciation
Al l Augusl
2023
Charge for the
year
Disposals
4.326,382
248, 733
238.952
765.203
5,579,270
268,393
16,849
96.993
{49,348)
90.301
167,223)
472,536
(116,5711
At 31 July 2024
4,594,775
265.582
2B6,597
788.281
5,935,235
Net Book Value
At 31 July 2024
7,413,704
43.657
190,889
279,607
41,571
7,969,428
Al 37 Jtily 2023
7, 682,097
42,082
203,404
249, 430
11,069
8, 188,082
23

BEAUDESERT PARK SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
INVESTMENTS
2024
2023
Investments held in support of the fees in
advance scheme
Other financial assels
2,781,669
1,503,553
4,285,222
At fj August 2023
New money invested
Investment Manager's fees
Change in market value of investments
Al 31 July 2024
4,257,820
(8,115)
35,517
4,285,222
Investments comprise..
Government Bonds
Cash
4,260,655
24,567
4,285,222
The balance of fees in advance scheme assets at the year end were held within other financial
assets or within Current assets as cash deposits. Investments are managed by LGB &Co Liinited
and held in the UK by Pershing Securities Limited.
DEBTORS
2024
2023
Fee and extras debtors
Prepayments and accrued income
303,802
218,436
522,238
324,438
170.653
495,091
Fee debtors are stated after impairment provisions tolalling £79.183 (2023.. £79,008).
10. CREDITORS (AMOUNTS FALLING DUE WITHIN ONE YEAR)
2024
2023
Trade CTeditor5
Other creditors
Taxation and social security
Pension
Deposits (note 111
Accruals and deferred income
Fees paid in advance
Fees in advance scheme (nole 12)
other loan
107,175
12,089
98,377
63.057
40,750
285,131
418,701
1,244,066
69,523
7,117
103,338
60,644
41,748
160,810
45,192
358, 892
10,645
857,909
2,279,991
24

BEAUDESERT PARK SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
11. CREDITORS (AIVIOUNTS FALLING DUE AFTER MORE THAN ONE YEAR)
2024
2023
Fees in advance scheme (note 12)
Deposits
Other102n
1,939,625
300,250
314,000
10,645
324, 645
2,239,875
Deposits
Deposits are held for all pupils and are repayable when they leave the School.
2024
2023
Within one year (note 10)
Within one lo two years
Within two to five years
Over 5 years
40,750
41,000
122,250
137 000
341,000
41,748
37,000
137,000
140,000
355 748
12. FEES IN ADVANCE SCHEME
Parents are able to enter inlo a contract to pay the School tuition fees in advance. The money may
be returned subjecl lo specific conditions on the receipt of one term's notice. Assuming pupils will
remain in the School, advance fees will be applied as follows:
2024
2023
Within 2 - 5 years
Within 1 2 years
(note 11)
Within 1 year {note 10)
1,017,240
922,385
1,939,625
1,244,066
358, 892
3,183,691
358, 892
The balance of £3,183,691 {2023.' £358,892) represents the accrued liability under the contracts.
The movements during the year were:
2024
2023
Balance at the start of the year
New contracts
358,892
3,183,691
3,542,583
1358,892)
469, 539
291.430
760,969
(402,077)
Amounts utilised in payment of fees
Balance at the end of the year
3,183,691
358, 892
25

BEAUDESERT PARK SCHOOL TRUST LIThRITED
NOTES TO THE FINANCIAL STATEllllENTS
FOR THE YEAR ENDED 31 JULY 2024
MOVEMENT IN UNRESTRICTED FUNDS
Year ended
31 July 2024
Balan
1 August
2023
Balance
31 July
2024
Incoming Resources
resources
expended
Gains and
losses
other
transfers
General fund
Designated
fund
Total
unrestricted
funds
9,897.986
70.591
7,870,803 {7,588,328)
35,517
(45,646
45,646
10,170,332
116,237
9,968,577
7,870,803
7,588,328
35,517
10,286,569
Year ended
31 July 2023
Balance
l Augusl
2022
8alanc8
31 July
2023
Incoming Resources
resourcos
expended
Gains and
losses
Other
transfers
Gengral fund
Designaled
fund
Total
unrestrlcted
funds
9.478,265
57.800
7, 709, 190 (7.276,678)
(12,791)
12.191
9, 897, 986
70,591
9.536,065
7, 709, 190
7,276,678
9,968.577
14. MOVEMENT IN RESTRICTED FUNDS
Year ended 31 July 2024
Balance
1 August
2023
Balance
31 July
2024
Income
Expendlture
Restrlcted funds
Bursary Fund
41,814
3,406
35,764
9,456
Total
41,814
3,406
35,764
Year ended 31 July 2023
Balance
1 Aiigust
2022
Balance
31 July
2023
Income
Expenditure
Restricted funds
Bursary Fund
51,940
10,199
20.325
41,814
Total
5t.940
10,199
20,325
41,814
Bursary Fund income is generated as a resull of fundraising. The use of the funds so generated is
intended to be to provide transformalional bursaries, or else support a family who's circumstances
have changed so drastically they find il impossible to continue lo afford the fees, to help ensure
that a Beaudesert education is accessible to all children who have the aptitude to contribute to the
life of the School and to benefit from the experience.
26

BEAUDESERT PARK SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
15. ANALYSIS OF ASSETS & LIABILITIES BETWEEN FUNDS
For the year ended 31 July 2024
Unrestrlcled
Funds
Designated
Funds
Restricted
Funds
Total
2024
Fixed assets
Current assets
Current and long term liabilities
12,254,650
2,435,548
4,519,866
12,254,650
2,561,241
4,519,866
10,296,025
116,237
9,456
10,170,332
116,237
9,456
For the year ended 31 July 2023
Unrestricted
Funds
Designated
Funds
Restrlcted
Funds
Total
2023
Fixed assels
Curi-eiit assets
Ciiirent ai?d long leim liabilities
8, 188.082
2,892.458
1, 182,554
9, 897, 986
8, 188, 082
3, 004, 863
1, 182,554
10,010,391
70,591
41,814
70,591
41,814
16. PENSION COSTS
All staff lif eligible) are enrolled into the School's defined contribution scheme. the assets of which
are held separately ffom Ihose of the School. The pension cost charged represents contributions
payable by the School to the scheme and amounted to £513,068 for the year ended 31 July 2024
(2023." £508, 978). At 31 July 2024 contributions of £63.057 were due lo be paid (2023." £60, 644).
All pension charges are charged to unrestricted funds. in line with the fund out of which wages and
salaries are paid.
7. CAPITAL COMMITMENTS
£79.069 unaccrued capital expenditure was conlracted for as al 31 July 2024 (2023.. £23,536).
18. FINANCIAL COMMITMENTS
At 31 July 2024 the School had fulure minimum lease payments under non-cancellable operating
leases as follows:
Plant and equipment
2024
2023
Land and Buildings
2024
2023
Expiring within l year
Expiring between 1 and 5 years
Expiring after 5 years
39,346
45,354
61,607
87.977
3,488
13,952
363
3,488
13,952
3,851
19, MEMBERS
The Charity is incorporated as a Company limited by guarantee having no share capital and in
accordance with the Memorandum of Association every member of the Company undertakes to
contribute lo its assets in the event of a winding up while slhe is a member, or within one year after
27

BEAUDESERT PARK SCHOOL TRUST LIMITED
NOTES TO THE FINANCIAL STATEThAENTS
FOR THE YEAR ENDED 31 JULY 2024
slhe ceases to be a member, up to an amount not eX￿edIng £1. Al 31 July 2024 there were 17
members (2023.. 17 members).
20, RELATED PARTY TRANSACTIONS
During the year, some Trustees and Senior Leadership Team members were also parents of pupils
at the School. All Iransactions with these parents were conducted under normal commercial terms
and at arms-lenglh.
One School Trustee, J Nettleton, is a direclor of Blake Architects Limited who were awarded the
WOTk to rebuild Ihe swimming pool roof after winning a compelitive, arms-length tender process.
Transactions in the year amounted to £15.885 (2023.. £2.016). There were no outstanding balances
at the year end (2023.. £nil).
21. STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVE FIGURES B Y FUND TYPE
Unrestricled
Funds
Restricted
Funds
2023
Total
Year ended 31 July 2023
Notes
INCOME FROM:
Charitable actlvlties
School fees receivable
Ancillary trading income
Other income
Doiiations & Grants Recelvable
Other tradii)g activities
Hire of school facilities
Investment income
Other income
6, 954, 763
575,978
34, 939
6,954, 763
575,978
34, 939
8,358
8,358
87.986
37. 720
17,804
7. 709, 190
87,986
39,561
17,804
7, 719,389
1,841
Total income
10, 199
EXPENDITURE ON".
Charitable activities:
Education
7,276,678
20,325
7,297,003
Total expendlture
5alb
7,276,678
20,325
7,297,003
Net income l (expendlture) and net
movem8nt in funds
432,512
(10, 126)
422,386
Funds brought forward
12113
9, 536.065
51.940
9,588,005
Funds carried forward
12113
9.968.577
41,814
70,OqO,391
28