Registered Company number: 00984771 (England and Wales)
Registered Charity number.. 312058
GOVERNORS, REPORT AND FINANCIAL STATEMENTS
FOR
AMESBURY SCHOOL TRUST LIMITED
(LIMITED BY GUARANTEEI
FOR THE YEAR END 31 August 2024

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Governors
LA Buchanan
K L Davies (Chairl
C K Decker
l D Ferguson
D Garrod lappointed 05106120241
Dr R S Kirkham
P Mundy lappointed 24105120241
S Patel (appointed 24106120241
S M Perrett Ivice Chairl
H F D Sturges
J Tait-Harris (appointed 22109120231
J R We1ham
Head
G Franklin (appointed 01109120231
Bursar and Clerk to the Governors
S Llones
Charity Number
312058
Company Number
00984771
Registered Office & Principal Address
Amesbury School
Hazel Grove
Hindhead
Surrey
GU26 6BL
Auditors
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
United Kingdom
Webslte
amesburyschool.co.uk

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
CONTENTS
Page
Governors, Report
Statement of Governors, Responsibilities
Report of the Independent Auditors
Statement of Financial Activities
13
Balance Sheet
14
Cash Flow Statement
15
Note5 to the Financial Statements
16

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
GOVERNORS, REPORT
The Governors, who are of company law and Trustees for the purposes of charity law, present their Directors for the
purpose5 annual report together with the financial statements of the charitable company for the year ended 31 August
2024.
The School is governed by its Articles of Association last amended on 2 December 2015.
Governlng Body
The Governing Body is self-appointing. New Governors serve for an initial term ending at the AGM following the third
anniversary of their appointment. They are then eligible for re-election for a maximum of two successive terms of
three years. A Governor having served for three successive terms sh211 not be reappointed as a Governor without
break of at least twelve months unless the other Governors waive this requirement.
Recruitment and training of Governors
Nominations for new Governors are sought through introductions from existing Governors, the Head or the Bursar
based on the candidates, professional qualities, experience, personal competence and local availability. Where
suitable candidates are not appointed in this way, advertlsements are placed in relevant places eg. AGBIS, TES,
Linkedln. Particular regard is given to the need to maintain a range of skills within the Governing Body, including
finance, education, pastoral, property, marketing, health and safety, IT and human resources expertise. New
Governors are provided with induction support, including a tour of the school, discussions with senior staff, the Chair
of the Governing Body and other governors.
All Governors are encouraged to attend relevant conferences and training seminar5 ofEani5ed by AGBIS and other
providers. Training is provided online and through workshop sessions at the school. All governors take their
re5ponsibilitie5 seriously, with particular regard to the importance of operating in an environment where the
safeguarding and protertion of children is paramount. All Governors have received training in safeguarding, PREVENT
and e-safety.
Governors are particularly conscious of their responsibility to regularly monitor and evaluate the effectiveness of the
school's policies and procedures. Arrangements via the committee and meeting structures enable this to happen. They
pay particular regard to the implications of the1aw, related procedures and best practice.
Organisational management
The members of the Governing Body are legally responsible for the overall management and control of the School.
They normally meet three times a year. Much of the detailed work of overseeing policies is carried out by Committees
of the Governing Body, which also meet for a minimum of three times a year. The day-to-day running of the School is
delegated to the Head and Bursar, who attend all meetings of the Governing Body and it5 committee5.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
GOVERNORS, REPORT (CONTINUED)
The principal responsibilities of the Governors, committees are as follows..
The Finance Committee oversees financi31 control of the School and monitors strategic risk management, as
well as supervises and monitors capital building projects and maintenance. Chair.. Hugh Sturges.
The Education and Safeguarding Committee monitors and evaluates the School's educatlonal and pastoral
policies and performance and oversees all safeguarding areas including pastoral welfare, safeguarding
training and recruitment checks. Chair.. Karen Davies.
The Nominations & Governance Committee is responsible for Governor recruitment and succession planning
and overseeing the School's other governance processes. Chair: lan Ferguson
The committees and their membership during the year were..
Trustee
Tenure a5 governor
LA Buchanan
3 years
5 years
l year
K L Davies Ichairl
C K Decker
l D Ferguson
D E Gorrod
2 years
New appointment
2 years
New appointment
New appointment
4 years
3 years
R S Kirkham
P Mundy
S V Patel
S M Perrett
H F O Sturges
J Tait-Harris
l year
2 years
J R Welham
l. Finance Committee
2. Education and Safeguarding Committee
3. Nominations and Governance Committee
In addition to the committees above, Governors sit in an advisory capacity on the following management committees..
Marketing, Health & Safety and Digital.
The Head and 8ur5ar are supported by the Senior Leadership Team, who together constitute the key management
personnel of the school.
Remuneration policy is set by the Governing 8ody, with the objective5 of attracting high calibre staff and fairly and
responsibly rewarding individual contribution5 to the School's success. The appropriateness and relevance of the
remuneration policy is reviewed annually, including reference to comparisons with other independent schools and the
state sector to ensure that the School remains sensitive to the broader issues of pay and employment conditions
elsewhere.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BYGUARANTEEI
GOVERNORS, REPORT (CONTINUED)
Objective5 and attivities
Amesbury School'5 over-arching purpose is the advancement of education through an independent nursery, pre-
preparatory and preparatory school for boys and girls between the ages of nine months and 13 years. This schooling
is non-selective at point of entry on grounds of academic Standard, race, religion or belief.
Amesbury encourages participation in the academic, sporting, musical and artistic activities of the School by members
of the local community who would not otherwise have Amesbury's quality of teaching and facilities available to them.
In addition, sports and other facilities are opened up for local community Use outside of school hours and during school
holidays. The School has strong links with other independent and state sector schoo15 and actively seek5 to develop
these links.
Our primary aim at Amesbury is to ensure that every child enjoys a fulfilling and enriching educational journey. We
strive to create an environment where each student feels valued, supported, and empowered to reach their full
potential. Specifically, our goals include..
l. Equipping every child with the skills, aptitudes, and resilience necessary for success in senior school and beyond.
2. Cultivating a caring community that promotes commitment, courtesy, cooperation, tolerance, and compassion.
3. Fostering strong partnerships between home and school to enhance the educational experience.
4. Setting a high standard of achievement and innovation, while nurturing personal development among staff.
5. Fulfilling our social and environmental responsibilities to society.
Each of these objectives has 3 documented sub-set of more detailed strategies and tactlC5 designed to allow the main
objective to be achieved.
They are supported by strategies intended to enable the School to remain focused on delivering each objective.
Departmental Development Plans are aligned with each objective and in combination form the basis of the School
Development Plan ISDPI.
Public Benefit
The Governors are mindful of the long-standing need to provide public benefit and of the requirements of the Charities
Act 2011 in setting the School's aims and objectives and planning the School's activities.
During the year ended 31 August 2024, in accordance with section 4 of the Charities Act 2011, the Governors had due
regard to the Charity Commission's public benefit guidance, as published in September 2013 following the 2011
decision of the Upper Tribunal and subsequent revisions.
The School has provided means tested financial a5515tance during the 2023124 year amounting to £58,89812022123'.
£47,201). Furthermore, the Amesbury Foundation fund has been constituted to provide bursaries for parents of
children who would benefit from an Amesbury education. The Foundation fund ha5 a remaining balance of £65,334
12022123 £65,3341.
In addition to bursaries, the school has long engaged in many activities that provide benef it to the public within the
School's objectives, as well as some community benefit activities beyond the scope of those objective5.
On the sports field, we were delighted to hold an annual football tourn3ment for 20 local club and school sides. We
continue to offer fixtures to local primary schools.
Amesbury 15 regularly used as an ad hoc exam centre for LAMDA, ABRSM and ISTD examinations and local children
from state schools have made use of this in the past.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BYGUARANTEEI
GOVERNORS, REPORT (CONTINUED)
As part of our Ame5bury Award and Life Skills programme, our eldest children vislt care homes in the local community.
The Amesbury community donated food which our pupils delivered to the Food Bank in Haslemere as part of our
Harvest seNice.
Community Relationshlps
The School works in association with local clubs, other charities and other schools in its ongoing endeavours to widen
public access to its facilities and to awaken in its pupils an awareness of the social context of the education they receive
at school. Every evening and at the weekends, local clubs and charities use Amesbury's facilities for a minimal charge
calculated to cover costs.
Rlsk Management
The Governors have examined the major strategic, business and operational risks to which the School is exposed and
confirm that procedures have been established to mitigate or reduce risks wherever possible and to insure against all
normal business risks, such as public and employer's liability and properly10ss and dam38e. A register of risks has
been developed and categorised and sub-committees of the Board, individual Governors or executives have been
made responsible for identifying, assessing and monitoring the risks in each category. The risks identified are
monitored and updated on an annual basis and approved by the Finance Committee and Full Board.
Employment policv
The School is an equal opportunities employer. Full and fair consideration is given to job applications from disabled
persons and due consideration is given to their training and employment need5. Consultation with employees, or their
representatives, has continued at all levels with the aim of taking the views of employees into account when decisions
are made that are likely to affect their interests. Employees are made aware of the financial and economic
performance of the School.
Communication with employees continues through normal management channe￿$ in a variety of forms and includes
awareness of the school's financial performance as well as current educational updates and safeguarding.
REVIEW OF ACHIEVEMENTS AND PERFORMANCE
Educatlonal Events and Achievements
Amesbury extended its offering to include babies from 9 months old, in Little Amesbury. The school successfully passed
OFSTED inspection and were delighted to welcome the first cohort of babies to Baby Amesburv.
The School ended the year with 279 1202212023: 3041 full time Prep and Pre-Prep pupils. A further 81 children
attended one or more days in Babies19 months to 2 yearsl, Pre-Nursery lage 2+1 or Nursery lage 3+15ession5 per
week.
Amesbury pride5 Itself on the wide range of senior schools, for which it prepares its pupils, so as to best fit the various
academic, sporting, artistic and musical abilities and aspirations of the children and their parents. To this end, the
Head and Senior Leadership Team maintain c105e relationships with many senior schools, arrange regular contact
sessions between them and Amesbury's pupils and parents and ensure the pupils are well prepared for not only
examinations but also interview5 and other selection techniques used by their preferred choices.
There were 49 leavers from Y6, Y711 in Y71 & Y8 in july 2024 who went on to 18 different senior schoo15/prep schools,
including 5 with scholarship5.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
GOVERNORS, REPORT {CONTINUED}
Senior Schools- (scholarship5 in boldl
Aldro (Prep School)
8ryanston
Charterhouse
Frensham Heights
King Edward'5 Witley
More House
Seaford College
St Edmund's Hindhead
The Royal Grammar School, Guildford
British International School, Riyadh
Bohunt
Churcher's College
Hurstpierpoint College
Lord Wandsworth College
Prior's Field School
Sherborne Girls
St Catherine's Bramley
Tormead School
Wellbelng programme
Recognising the importance of mental health support for our students, a Head of Mental Health & Wellbeing is now
employed by the school and works closely with the children who need support. In addition, a clinical psychologist
works on-site every Friday throughout the school year to support School children and their families. This invaluable
resource ha5 provided students with easy access to professional psychological support, allowing them to discuss any
concerns and receive guidance on coping strategies and interventions. This has not only helped to address individual
needs but has also contributed to a more inclusive and supportive school environment.
The embedding of Pastoral Heads of Section has formalised and enhanced the pastoral structure within the school,
ensuring that each student's wellbeing is closely monitored and appropriately supported. These dedicated staff
members have been responsible for maintaining a clear line of communication between student5, parents and school
staff, allowing for timely and effective intervention when necessary.
The Wellbeing Hub, which is open and available to pupils during break and lunchtime, provides students with a safe
and welcoming space to relax, socialise, and access support when needed. Thi5 resource has been particularly
beneficial for students who may feel overwhelmed or anxious during the busy school day, offering a quiet and calming
environment to recharge and seek guidance from staff members.
Charitable Activities and Donations
The Charities Act 2011, section 3, specifically recognises Amesbury's overarching objective the advancement of
education - as a charitable purpose. The School's day-to-day teaching activities also involve several other charitable
purpose5 recognised by the Act relating to sport, arts, culture, heritage, science, citizenship and community. Within
that wider definition of education, Amesbury encourages active involvement of staff, pupils, and parents in a school
charities programme each year. The specific aims set for the programme in 2023124 were..
iii
121
131
141
to raise awareness in the children of the work of each charity and the reason for its existence,.
to teach the children commitment to a charity and to follow its work over a period of time,.
to fund-raise imaginatively and independently for the year's chosen charities;
to understand that charity is not only about fundraising but is also concerned with the giving of time,
skills, and effort,.
151
to instil an appreciation of their own good fortune and develop a tolerance, 5en51tivity and
understanding of the need5 of others.
In 2023124 the School Council continued to support the Bangladesh Orphanage and the following local charities..
Haslemere Foodbank, Liphook Foodbank, Pilgrim Retirement Home and Donec Mews, Grayshott. Amesbury students
also raised fund5 for phyllis Tuckwell Hospice Care.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
GOVERNORS, REPORT (CONTINUED)
The fundraising events for the year were the Harvest festival, the Reindeer run, the school tuck shop and the year 7
cake and toy sale. The major charity event of the year was Charity Day hosted by the children which took place in the
Trinity term. This included stalls run by the children, a fun run and a charity concert, as well as a family BBQ and drinks.
FINANCIAL REVIEW
Result for the year
Unrestricted income for the year increased to £5,833,269 from £5,433,364 in 20221223, an increase of 7.4%. This was
due to an increase in sundry income as well as income from charitable activitie5. Resources expended increased bv
9.7% to £5,738,099 from £5,229,141, due mainly to increased staff costs. The overall result Is a net movement of
funds in 2023/24 of £95,17012022/23 negative movement of £216,223)
Capital Empenditure and Balance Sheet
The balance sheet as at 31 August 2024 shows an increase in total funds of £95,170 to £5,200,410. The school has
continued to remain cash positive with no requirement to draw on it5 overdraft facility for day-to-day operations. This
year a net cash surplus was generated of £1,168,264 12022123 deficit £144,039), mainly due to receipt of fees in
advance prior to 29th July 2024.
Capital expenditure of £374,511 was spent in the year (including £90,639 for asset5 under construction at the year-
endl, the main projects being the redevelopment of Little Amesbury to welcome babies from 9 month5 from
September 2023 and the doubling of this facility for September 2024 to a capacity of 18 babies, a new classroom for
rising 3s, replacement windows in the Academic 81ock, a new wooden outdoor play area for pre-prep children and
upgrades to staff and pupil person31 IT devices.
Assets Value
The Governors have considered the carrying values of the freehold properties and in their opinion there has been no
impairment to the values shown in the accounts.
Outlook for 2024125
The key educational objectives for the future remain as set out above. The Governor5 are keen to ensure that the
estate continues to develop to allow a full and inspiring learning environment for the pupils and that teaching facilities
remain leading-edge. Planned capital projects include the conti nued improvement of IT facilities and the development
of the library alongside the building of a dedicated staff room for Early Years staff and the redevelopment of the
School's cricket pavilion.
The School's budget for 2024125 reflect5 the continuation of the desire to continue improving and updating learning
and education spaces alonEside a streamlining of the cost base to ensure a robust financial model ready to meet the
external financial challenges ahead. The ongoing challenges faced include the introduction of VAT at 20% on school
fees from January 2025, the removal of business rates relief in April 2025 as well as the change in employer's National
Insurance contributions from April 2025. These factor5 will inevitably have an impact on surpluses going forward, with
the impact mitigated, at least in part, by adept financial plannin8 and proactive action.
RESERVES POLICY
Education is a highly capital-intensive activity, especially in relation to the land, buildings, fixtures and equipment
needed in the operation of a school. Since it5 foundation, the School has owned the freehold site, centred around its
grade 2 listed main school building, which is the only purpose-designed school by Sir Edwin Lutyens in the UK. Over
the years, substantial investment has been made in the original Lutyens building and new buildings and facilities have
been added within the site to ensure that the School can continue to provide a top-quality education that matches
pupil needs and parental expectations.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
GOVERNORS, REPORT (CONTINUED)
In an ideal world, the Governors would like to have unrestricted reserves sufficient to match the aggregate investment
in the core fixed assets essential for the purposes of rLJnning the School and nursery (currently £5.7m excluding the
core a55ets paid for out of restricted reserves), plus 'free reserves equal to one term's outgoings as a contingency
gainst unforeseen financial shocks (approximately £1.9ml.
In practice, however, the School's only material source of reserves growth is any annual surplus generated by the
operations of the School. In line with previou5 years, the Governors have therefore accepted the need to manage the
risk of unforeseen financial shocks through tight budgeting and financial controls. Each year, as part of the budgeting
process and especially in advance of any major investment project, the Governors ensure that expected cash flows
are sufficient to meet both planned capital investment and scheduled repayments of the non-core funding sources
set out above and that any reliance on short term bank borrowinÉs can be repaid from projected cash flow surpluses
over no more than 5 years. In thi5 regard, at the end of 2023124 and taking into account the budgeted income and
expenditures for 2024125, the Governors are 5at15fied that the Trust's reserves are adequate to sustain Amesbury's
educational operations for the foreseeable future.
Flnanclal Instruments
The School's activities expose it to a number of financi81 risks including, cash flow risk, interest rate risk, credit risk and
liquidity risk.
Cash flow rlsk
The School monitors it5 cashflow risk through careful monitoring of expected future cashflows, ensuring that there is
always prudent cushion headroom within agreed borrowing limits.
Interest rate risk
The School's activities expose it primarily to interest rates. Interest bearing assets and liabilities are held at fixed and
variable rates.
The annual report was approved by the Governors of the charity on
!.).l.s.l.S
and signed on it5 behalf by..
S Ljones
Company Secretary

AMESBURY SCHOOL TRUST LIMITED (LIMITED BYGUARANTEE)
STATEMENT OF GOVERNORS, RESPONSIBILITIES
The Governors, who are also the directors of Amesbury School Trust Limited for the purpose of company law, are
responsible for preparing the Governors, Report and the accounts in accordance with applicable law and United
Kingdom Accounting Standard5 (United Kingdom GenÈrèlly Accepted Accounting Practice), including Financial
Reporting St8ndard FRS102 'The Financial Reporting Standard applicable in the U K and Republic of Ireland,.
Company law requires the Governors to prepare accounts for each financial year which give a true and fair view of
the state 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 year.
In preparing these accounts, the Governors are required to:
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent; and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable
company will continue in operation.
The Governors are responsible for keeping proper accounting record5 that disclose with reasonable accuracy at
ny time the financial position of the charitable company and enable them to ensure that the accounts comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
REPORT OF THE INDEPENDENT AUDITORS TOTHE MEMBERS
We have audited the financial statements of Amesbury School Trust Limited I'the charitable compan￿) for the year
ended 31 August 2024 which comprise the Statement of Financial Activitie5, Balance Sheet, the Cash Flow Statement
and notes to the financial statements, including 3 summary of significant 3ccounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland Iunited Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of it5
incoming resources and application of resources 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.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the governor's use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast doubt on the charitable company's ability to continue a5 a going
concern for a period of at least twelve months from when the financial statements are authorized for issue.
Our re5ponsibilitie5 and the re5ponsibilitie5 of the governor's with respect to going concern are described in the
relevant sections of this report.
Other infomiation
The other information comprises the information included in the annual report, including the governor's report, other
than the financial statements and our auditor's report thereon. The governors are responsible for the other
information. Our opinion on the financial statements doe5 not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

AMESBURY SCHOOL TRUST LIMITED (LIMITED BYGUARANTEEI
REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS
In connection with our audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information, we are required to
report that fact.
We have nothing to report in this regard.
Oplnlons on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report (incorporating the directors, report) for the financial year for
which the financial statements are prepared is consistent with the financial statements,. and
the dlrectors, report has been prepared in accordance with applicable legal requirements.
Matters on which we are requlred to report by exceptlon
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of directors, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the tru5tee5' responsibilities statement, the trustees Iwho are a150 the directois of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the trustee5
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 trustees are responsible for a55e55ing the charitable company's ability to
continue as a going concern, disc105ing, a5 applicable, matters related to going concern and using the going concern
basi5 of accounting unless the trustees either intend to liquidate the charitable company or to cease operation5, or
have no realistic alternative but to do so.
io

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS
Auditorfs responsibilitie5 for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to Issue an auditor'5 report that includes our opinion.
Reasonable assurance is a high level of assurance, but 15 not a guarantee that an audit conducted in accordance
with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. httPs'./lwww.frc.org.uk/auditorsresponsibilities. This description forms part of our
auditor's report.
Extent to whlch the audit wa5 consldered capable of detecting irregularities, Includlng fraud
The objectives of our audit, in respect to fraud, are.. to identify and assess the risks of material misstatement of the
financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the a55essed risks of
material misstatement due to fraud, through designing and implementing appropriate responses. and to respond
appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the
prevention and detection of fraud rests with both those charged with governance of the entity and its management.
Our approach was as follows:
We identified areas of laws and regulations that could reasonably be expected to have a material effect on
the financial statements from our general commercial and sector experience, and through discussion with
the directors and other management las required by auditing standards), and discussed with the directors
and other management the policies and procedures regarding compliance with laws and regulations-
We identified the following areas as those most1ikely to have such an effect.. health and safety,. General
Data Protection Regulation IGDPRI,. Sndependent Schools Inspectorate IISII,. fraud,. bribery and corruption,
school inspections, DBS checks, employment law and Keeping Children Safe in Education under Section 175
of the Education Act 2002. Auditing standards limit the required audit procedures to identify non-
compliance with these laws and regulations to enquiry of the trustees and other management and
inspection of regulatory and legal correspondence, if any.
We considered the legal and regulatory frameworks directly applicable to the financial statements
reporting framework IFRS 102 and the Companies Act 2006 and the Charities Act 20111 and the relevant
tax compliance regulations in the UK,.
We considered the nature of the company's/charity's operations, the control environment and business
performance, including the key drivers for management's remuneration;
We communicated identified laws and regulations throughout our team and remained alert to any
indications of non-compliance throughout the 8 udit,.
We considered the procedures and controls that the company/charity has established to address risks
identified, or that otherwise prevent, deter and detect fraud,. and how senior mènagement monitors those
programmes and controls.
li

AMESBURY SCHOOL TRUST LIMITED {LIMITED BY GUARANTEEI
REPORT OF THE INDEPENDENT AUDITORS TOTHE MEMBERS
Based on this understanding we designed our audit procedures to identify non-compliance with such laws and
regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified
fraud risk. These procedures included.. testing manual journa15,' reviewing the fin2ncial statement disclosures and
testing to supporting documentation,. performing analytical procedures,. and enquiring of management, and were
designed to provide reasonable assurance that the financial statements were free from fraud or error.
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 lirregularitiesl is from the events and transactions reflected in the f i nancial statements, the less likely
the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding
irregularities occurring due to fraud rather than error, a5 f raud involves intentional concealment, forgery, collusion,
omission or mi5represent2tion. We are not responsible for preventing non-compliance and cannot be expected to
detect non-compliance with all laws and regulations.
Use ofour 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 slate to the charitable compantys
members those matters we are required to state to them in an audilor'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.
Mark Cummins FCCA (Senior Statutory Audltor)
for and on behalf of TC Group
Statutory Auditors
Office.. Sussex
Dated..
12

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 AUGUST2024
Unrestricted
funds
Deslgnated
funds
Restricted
funds
Total 2024
Total 2023
INCOME FROM:
Donations and legacies
Charitable activate5
Investment income
Other income
Notes
12,131
5,375,404
3,392
54,437
5,746,698
14,830
71,741
5,746,698
14,830
71,741
Total income
5,833,269
5,833,269
5,445,364
EXPENDITURE ON:
Charitable activities
5,738.099
5,738.099
5,229,141
Total expendlture
5,738,099
5,738,099
5,229,141
Net movement In
funds
95,170
95,170
216,223
Fund balances brought
forward
5.027,554
65,334
12.352
5.105.240
4,889,017
Fund balances at
carried forward
23
5,122,724
65,334
12,352
5,200,410
5,105,240
All the charity's activities derive from continuing operations during the above two periods.
The funds breakdown is shown in note 23.
13

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
BALANCE SHEET
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
Investments
13
5,724.684
5,623,833
14
5,724,686
5,623,835
CURRENT ASSETS
Stock
Debtors
Cash at bank and in hand
15
16
13,103
298,502
1,686,053
1,997,658
43,077
273,671
517,789
834,537
CURRENT LIABILITIES
Creditors due within one year
17
11,315,665)
1670,6081
NET CURRENT ASSETS
681,993
163,929
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,406,679
5,787,764
LONG TERM LIABILITIES
Creditors due after one year
18
11,206,269)
1682,524
NET ASSErs
5,200,410
5,105,240
REPRESENTED BY:
23
RESTRicfED FUNDS
12,352
12,352
UNRESTRICTED FUNDS
General funds
Designated funds
5,122,724
65.334
5,027,554
65,334
5,188,058
5,092,888
5,200,410
5,105,240
The financial statements on pages 16 to 29 were approved by the governors, and authorised for i55ue on
and signed on their behalf by..
K L Davies
Chair
Date..
Company Number- 00984771
211+.lig....
14

AMESBURY SCHOOL TRUST LIMITED (LIMITED BYGUARANTEE)
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Net cash provided by/lused inl operating
activitie5
26
1,547,005
221,278
Cash flows from investing activities:
Interest receivable and Similar income
Purchase of tangible fixed assets
Net cash used in investing activities
14,830
1374,5111
3,392
1193,1581
13
1359,6811
1189,7661
Cash flows from financing activitles:
Repayment of loans and borrowings
Net cash used in financing activities
19
119,0601
1175,5511
119,0601
1175,5511
Net increase/ldecreasel in cash and cash
equivalents
1,168,264
1144,0391
Cash and cash equivalents at I September 2023
517,789
661,828
Cash and cash equivalents at 31 August 2024
1,686,053
517,789
Reconciliation of net cash flow to movement
In net debt
Increase/ldecreasel in cash and cash
equivalents in the year
Ilncreasel/decrease in debt
Change in net funds1ldebtl resulting from cash
flows
1,168,264
1144,0391
19,060
175,551
1,187,324
31,512
Net funds at I September 2023
359,039
327,527
Net funds at 31 August 2024
25
1.546,363
359,039
All of the cash flows are derived from conti nuing operations during the above two periods.
15

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
STATUTORY INFORMATION
Ame5bury School Trust Limited is a charitable company, limited by guarantee, and incorporated in England and
Wales. The principal place of business and principal activity of the company are outlined in the Legal and
Administrative Information and Report of the Governors sections of these financial statements respectively.
ACCOUNTING POLICIES
2.1 Summary of 51gnificant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all the years presented unless otherwise stated.
2.2 Basis of preparation
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with Charities SORP (FR5 1021 'Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and
the Companies Act 2006. The financial statement have been prepared under the historical cost convention.
Consolidated financial statements have not been prepared on the basis that the inclusion of the dormant
subsidiary would not make a material difference.
2.3 Going concern
The financial statements have been prepared on a going concern basis, on the basis that no material
uncertainties exist that cast significant doubt upon the charity'5 ability to continue as a going concern. The
trustees make this assessment in respect of a period of one year from the date of approval of the financial
statements.
2.4 Income and endowments
All income is recognised once the charity has entitlement income, it is probable that the income will be received
and the amount of the income receivable can be measured reliably.
School fee income is accounted for on a receivable basis and consists of charges billed for the school year ended
31 August 2024, less bursaries and allowance5. Fees received for education to be provided in future years are
carried forward as deferred income.
Donations are accounted for as received by the school.
Investment income is accounted for in the period in which the school is entitled to receipt.
2.5 Deferred income
Deferred income relates to monies received in advance of the school term they relate to. The income is
recognised at the start of the term.
16

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
2 ACCOUNTING POLCIES Icontinuedl
2.6 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
2.7 Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support them.
2.8 Taxatlon
The charity is considered to pass the tests set out in ParaBraph I Schedule 6 of the Finance Act 2021 and therefore
it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is
exempt from taxation in respect of income or capital gains received within Categories covered by Chapter 3 Part
11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, as such income
or gains are applied exclusively to charitable purposes.
2.9 Intangible assets
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value,
over their expected useful economic life a5 follows:
Assets Class
Website development costs
Amortisation method and rate
25% on cost
2.10 Depreciation
Depreciation is provide on a11 tangible fixed a55etS Other than freehold land once the asset has been fully brought
in working order. The following annual rates are used in order to write off each asset over its estimated useful
Assets Class
Fixtures and equipment
Depreciation method and rate
Between S
25% Orn cost (motor vehicles.. 25%
reducing balance)
2% on valuation or cost
Freehold properties
2.11 Stock
Stock is valued at the lower of cost and estimated selling price, after due regard for obsolete and slow moving
stocks.
2.12 Debtors
Short term debtors are measured at transaction value less any impairment. At each balance sheet date, debtors
are assessed for objective evidence of impairment. If an a5set15 impaired, the impairment1055 15 measured as the
difference between the carrying amount and the amount expected to be received.
2.13 Creditors
Short term creditors are measured at transaction value.
17

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES {continued}
2.14 Bank loans
Bank loans are recorded at amortised c05t.
2.15 Fund structure
Unrestricted income funds are general funds that are available for use ot the trustees, discretion in furtherance
of the objectives of the charity.
The designated Unrestricted fund is made up of the Capital and Revaluation Reserves which are retained for the
funding of future general capital expenditure and the Amesbury Foundation reserve which 15 Set aside for the
provision of means tested bursaries.
Restricted funds can only be used for particular restricted purposes within the objectives of the Trust. Further
explanation of the nature and purpose of each restricted fund is included in the notes to the account5.
2.16 Penslons and other post retirement obligations
The school operates an AVIVA Pension Trust for Independent Schools IAPTISI pension scheme. This 15 a defined
contribution scheme.
The School also operate5 a defined contribution pension scheme for its non-teaching staff. Contributions payable
for the year are charged to the Statement of Financial Activities as incurred.
2.17 Redundancy and termination payments
Costs of redundancy and termination payments are accrued within the period in which the notice was given.
INCOME FROM DONTATIONS AND LEGACIES
Unrestricted
Restricted
Total
2024
Total
2023
Donations
12,131
INCOME FROM CHARITABLE AcfiviTIES
Total
2024
Total
2023
Pupil fees
Bursaries, Scholarships and discounts
6,176,538
1429,8401
5,748,002
1372,5981
5,746,698
5,375,404
18

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
INCOME FROM INVESTMENTS
Unrestricted
Restrlcted
Total
2024
Total
2023
Interest receivable on bank
deposits
14,830
14,830
3,392
OTHÉR INCOME
Unrestricted
Restricted
Total
2024
Total
2023
Sundry income including
lettings
71,741
71,741
54,437
EXPENDITURE ON CHARITABLE ACTIVITIES
staff Costs
Depreciatlon
Other
COSts
Total
Total
2024
2023
Teaching
Welfare
Premises
Support and governance
2,993.770
159,536
586,927
316,903
440,293
200.097
3,580,697
476,439
713,953
967,010
3,223,043
435,663
657,930
912,505
273,660
766,913
3,920,219
273,660
1,544.220
5,738,099
5,229,141
All of the above expenditure was attributable to unrestricted fund5 for 2024 and 2023.
19

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGusf 2024
7 EXPENDITURE ON CHARITABLE ACTIVITIES (CONTINUED}
Analysls of support and governance cost5.,
Total
2024
Total
2023
Governance costs..
Auditors, remuneration for audit services
Legal and professional fees
Total governance cost5
15,000
33,125
48,125
14,700
16,836
31,536
Support costs..
Auditors, remuneration for non audit services
Support staff wages, national insurance and pension
Advertising and marketing
IT and computer costs
General office expenses
Finance costs
Other support costs
702
766,913
59,477
2,674
51,261
21,336
16,522
918,885
10,245
727,987
48,207
4,404
58,853
23,617
7,656
880,969
Total support and governance costs
967,010
912,505
NET INCOME/OUTGOING RESOURCES
Net income for the year 15 after charging..
2024
2023
Operating leases
Audit fees
Non audit accountancy services
Depreciation of fixed assets
48,109
15,000
180
273,660
22,939
14,700
180
242,931
9 TRUSTEES REMUNERATION AND EXPENSES
No trustees, not any person5 connected with them, have received any remuneration from the charity during
the year. There were no reimbursed expenses during the year12023.' £nill.
20

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
10 STAFF COSTS
The aggregate payroll costs were as follows..
2024
2023
Wages and salaries
Social security costs
Pension costs
3,258,796
298,232
363,191
2,977,534
271,429
305,528
Total salaries
3,920,219
3,554,491
The monthly average number of persons lincluding senior management teaml employed by the charity durin8
the year expressed as full time equivalents was as follows..
2024
Number
69
28
2023
Number
56
28
Education
Administration and domestic
97
84
The number of employees whose emoluments fell within the following bands was:
2024
Number
2023
Number
£60,001- £70,000
£70,001- £80,000
£80,001- £90,000
£90,001- £100,000
£IQO,000 +
The key management personnel of the school are the Headmaster, the Bursar, the Academic Deputy Head, the
Pastoral Deputy Head, the Head of Marketing & Admissions, and the Head of Pre-Prep. The total employee
benefits lincluding employers pension and national insurance contributions) of the key management personnel
of the school were £522,15712023.. £469,781).
For employees with emoluments over £60,000, the total pension costs during the year were £19,05012023'.
£17,222).
During the year payments of £56,57512023.. £nill were made in regards to the termination of employment.
21

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
11 COMPARATIVE STATEMENT OF FINANCIAL AcfiviTIES- YEAR ENDED 31 AUGUST 2023
Unrestrlcted
funds
Deslgnated
funds
Restricted
funds
Total 2023
INCOME FROM:
Donations and legacies
Charitable activates
Investment income
Other income
131
5,375,404
3,392
54,437
12,000
12,131
5,375,404
3,392
54,437
Total Income
5,433,364
12,000
5,445,364
EXPENDITURE ON:
Charitable activities
5,229,141
5,229,141
Total expenditure
5,229,141
5,229,141
Net Incomellexpenditurel
204,223
12,000
216,223
Transfers between funds
9,494
19,4941
Net movement In funds
213,717
19,4941
12,000
216,223
Fund balances brought
forward
Fund balances at carrled
forward
4,813,837
74,828
352
4,889,017
5,027,554
65,334
12,352
5,105,240
22

AMESBURY SCHOOL TRUST LIMITED {LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
12 INTANGIBLE FIXED ASSETS
Webslte
Total
Cost
At I September 2023 & 31 August 2024
Amort15ation
At I September 2023 & 31 August 2024
Net book value
31,844
31,844
31,844
31,844
At 31 August 2024
At 31 August 2023
13 TANGIBLE FIXED ASSETS
land and
Furniture &
Motor
Asset5 Under
Total
Bulldlngs
Equlpment
Vehlcles
Construrtion
Cost
At I September 2023
Additions
6,822,406
21,931
1,466,141
247,631
19,113
14,310
8,307,660
374,511
90,639
At 31 August 2024
6,844,337
1,713,772
33,423
90,639
8,682,171
Depreclatlon
At I September 2023
Charge for the year
At 31 August 2024
1,747,389
125,624
925,604
141,686
10,834
6,350
2,683,827
273,660
2,957.487
1,873,013
1,067,290
17,184
Net book value
At 31 August 2024
4.971,324
646,482
16,239
90.639
5,724,684
At 31 August 2023
5,075,017
540,537
8,279
5,623,833
The carrying value of freehold property reflects a revaluation made in the year to 31 August 1993 of £139,874.
No subsequent revalu3tions have been made.
Included within freehold properties is land valued at £562,953, which is not depreciated.
23

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
14 FIXED ASSET INVESTMENTS
Subsidiary
undertakings
Total
Cost at I September 2023 and 31 August 2024
Net book value at I September 2023 and 31 August 2024
Detalls of undertaklngs
Details of the investments in which the charity holds 25% or more of the nominal value of class of share
capital are a5 follows..
Undertaking
County of
Incorporation
Holding
Proportion of voting
rights and shares
held directly
Principal
activity
Amesbury Enterprises
Limited
England and
Wales
Ordinary Shares of
£1 each
loo%
Dormant
The Company was dormant throughout 2024 and 2023.
15 STOCK
2024
2023
Stocks
13,103
43,077
16 DEBTORS
2024
2023
Trade debtors
150,364
127,749
20,389
84,080
160,470
29,121
Prepayments and accrued income
Other debtors
298,502
273,671
24

AMESBURY SCHOOL TRUST LIMITED {LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
17 CREDITORS: amounts falling due within one year
2024
2023
Bank loans
19,721
118,376
70,281
33,346
5,200
19,060
116,184
70,041
19,565
9,200
436,558
Trade creditors
Other taxation and social securitv
Other creditors
Fee deposits
Accruals and deferred income
1,068,741
1,315,665
670,608
18 CREDITORS.. amounts falling due after one year
2024
2023
Bank loans
119,969
141,406
944,894
1,206,269
139,690
123,705
419,129
682,524
Fee deposits
Deferred income
Included within bank loans due after one year 15 £33,60212023'. £58,197) due by in5talments after more than
five years.
Deferred income
2023
Deferred income at I September 2023
Resources deferred in the period
Amount5 released from previous periods
Oeferred income at 31 August 2024
812,673
1,562,586
1393,5431
1,981,716
Deferred income includes £1,508,54412023.. £597,080) held under the schools advanced payment scheme,
of which £944,89412023.. £419,129) is shown in note 18 as being due after more than one year.
Bank borrowing
The fixed rate103n has an interest rate of 3.65%. The carrying amount at the year end is £139,69012023'.
E158,7501.
25

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
19 SECURED CREDITORS
The following creditors have been secured by way of a floating and fixed charge over the assets of the charity.
2024
2023
Bank loans
139,690
139,690
158,750
158,750
20 OBLIGATIONS UNDER LEASES AND HIRE PURCHASE CONTRAcrs
Total future minimum lease payments under non-cancellable operatinE leases are as follows..
2024
2023
Other
Within one year
Between one and five years
57,564
92,867
150,431
57,718
150,371
208,039
21 PENSION SCHEMES
The pension cost charge for the year represents contributions payable by the School to differing schemes and
amounted to £363,19112023'. £305,528)
22 CHARITY STATUS
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share
capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the
Charity in the event of liquidation.
26

AMESBURY SCHOOL TRUST LIMITED {LIMITED BYGUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
23 FUNOS
Balance at I
September 2023
Incomlng
re50urce5
Resources
expended
Balance at 31
August 2024
Unrestricted funds
General
Accumulated fund
Designated
Amesbury Foundation fund
5,027,554
5,833,269
15,738,099)
5,122,724
65,334
65,334
5,092,888
65,334
65,334
5,188,058
Total unrestricted funds
5,833,269
15,738,0991
Restrlcted fund5
REW Wainwright Library fund
Playground project
Total restrirted funds
Total fund5
352
12,000
12,352
5,105,240
352
12,000
12,352
5,200,410
5,833,269
15,738,099)
The specific purposes for which the fund5 are to be applied are a5 follows..
The REW Wainwright Library fund is a donation received toward5 library books for the school.
The Accumulated fund represents the free funds of the charity which are not designated for particular purposes.
The Playground project represents donations received towards the cost of a new playground at the School.
There is one designated fund. The Amesbury Foundation funds are set aside for the provision of means tested
bursaries.
27

AMESBURY SCHOOL TRUST LIMITED {LIMITED BYGUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
24 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestrirted
funds
Designated
funds
Restricted
funds
2024
Total
Fund balances at 31 August 2024 are
represented by..
Fixed assets
Fixed assets investments
Current assets
Current liabilities
Creditors.. due after one year
5,724,684
5,724,684
1,919,972
11,315,665)
11,206,269)
5,122,724
65,334
12,352
1.997.658
11.315,665}
11.206,269}
5,200,410
65,334
12,352
Unrestrlcted
funds
Deslgnated
funds
Restricted
funds
2023
Total
Fund balances at 31 August 2023 are
represented by:
Fixed assets
Fixed assets investments
Current assets
Current liabilities
Creditors.. due after one year
5,623,833
5,623,833
756,851
1670,6081
1682,5241
5,027,554
65,334
12,352
834,537
1670,608
1682,5241
5,105,240
65,334
12,352
25 ANALYSIS OF NET DEBT
Atl
September
2023
Flnancing
cash f lows
At31
August
2024
Cash at bank ar)d in hand
Debt due within one year
Debt due after more than one year
Net debt
517,789
119,0601
1139,6901
359,039
1,168,264
16611
19,721
1,686,053
119,7211
1119,9691
1,546,363
1,187,324
Atl
September
2022
Financing
osh flows
At31
August
2023
Cash at bank and in hand
Debt due within one year
Debt due after more than one year
Net debt
661,828
136,3701
1297,9311
327,527
1144,0391
17,310
158,241
517,789
119,0601
1139,6901
359,039
31,512
28

AMESBURY SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
26 NET CASH INFLOW FROM OPERATING ACTIVITIES
2024
2023
Net income for the year
Depreciation charges
Investment income
Increase in stocks
Increase in debtors
Decrease in creditors
95,170
273,660
114,830)
29.974
124,8311
1,187,862
1,547.005
216,223
242,931
13,3921
130,0211
156,6051
1147,8581
221,278
29