Registered number: 00872414
Charity number: 312653
ROKEBY EDUCATIONAL TRUST LIMITED
GOVERNORS REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
CONTENTS
Page
Governors. report
Independent Auditors, Report
12
statement of Financial Activities
15
Company Balance Sheets
16
Cash Flow Statement
17
Notes to the Financial Statements
18

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
The Governors present their report and the financial statements of Rokeby Educational Trust Limited (referred
to as the "Company" Rokeby" or the "School") for the year ended 31 August 2024.
AIMS, OBJECTIVES AND ACTIVITIES
The principal charitable objective for which the Company was established is the provision of a School. The
School focuses on the primary aim of providing an excellent, individually tailored education for boys in south-
west London and Surrey.
Rokeby provides day school education for boys aged 4-13 years old. The focus of the School's leadership is
developing interpersonal and intrapersonal skills to enable each boy to achieve his full potential as an all-round
person. The School wants to ensure that all boys are well suited for their future in the modern workplace but-
more importantly - that they are equipped to be successful and happy citizens. Above all else, the School aims
to'bring out the brilliant in each and every boy" To achieve this, the School has five main objectives..
1. To help each boy to develop strong cognitive skills (thinking and intellectual) and a good attitude
towards learning.
2. To help each boy to develop excellent personal skills, including self-awareness, self-motivation, and
self-regulation., so that he can be confident, resilient, and positive in all situations.
3. To help each boy to develop excellent interpersonal/social skills so that he can learn to collaborate,
be empathetic, assertive and respectful and to communicate successfully.
4. To help each boy to contribute positively to our society and environment so that he can grow up into
a successful and considerate citizen.
5. To help him to achieve entry to a senior School which is suited to his abilities, interests, personality
and needs.
In accordance with its charitable objectives, the Company strives to advance the education of the boys
attending the School. The Company's principal beneficiaries are therefore the pupils, and benefits to pupils are
provided through continuing to maintain a high standard of education throughout the School. The general public
is also a beneficiary as attendance at Rokeby saves the government and general public the cost of educating
400 children.
The Governors have taken The Charity Commission's specific guidance on public benefit (contained within the
guidance document "The Advancement of Education for the Public Benefit") into consideration in preparing
their statements on public benefit contained within this Governors, Annual Report. The Governors, as the
charity trustees, have complied with the Charities Act 2011 to have due regard to the Charity Commission's
published guidance on public benefit.
The Company takes a multi-pronged approach to its Public Benefit obligations. The Governors first recognise
that the School has a minimal endowment, that all costs associated with the provision of public benefit fall on
those paying the fees charged for pupils attending the School, and that the attendance of pupils at the School
relieves public funds. Against this background, the Governors oversee the provision of additional public benefit
in two categories.. the provision of bursaries and financial support to enable more boys to attend the School.
Bursary Policy
The School provides grants to boys in the form of bursaries. The School advertises these on its website and
provides information to applying parents. This support is available on a needs basis as determined by two
members of the Finance and Capital Assets Committee supported by the Bursar. The School also provides
places to boys, who are children of staff, at reduced fees. The School uses an outside company, Bursary
Administration Ltd, to help review and assess the financial needs of its applicants.

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2024
INDICATORS, MILESTONES AND MEASUREMENTS
The principal benchmark for academic success is that boys progress to their senior school of choice. More
broadly, the Governors monitor the quality of the School's educational offering, the range of activities that the
School offers, and the performance achieved.
Last year, the School continued its tradition of sending Year 8 and some Year 6 boys to a wide range of senior
schools in the south-west of London and Surrey, including Epsom, Hampton, King's College School, Reed's,
and St. Paul's. In 2023-24, ten scholarships were awarded to eight Year 8 pupils to Schools they applied to.,
two awards were not taken up. Ten scholarships were awarded to seven Year 6 boys., five of these awards
were not taken up.
Externally, the School is subject to inspection by the Independent Schools Inspectorate (ISI). The School was
inspected in November 2023 and standards were met in all five of the main categories inspected by ISI. ISI no
longer provide any specific gradings.
The School's success is dependent on its financial stability. To this end, the principal financial indicators
targeted and monitored by the Governors include current and prospective pupil numbers, annual surplus, and
cash.
Community, Eco and Charity:
The School continued its involvement in the community and helped support a number of other charities.
Overall, Rokeby Parents Circle raised £27,600 for charity and Rokeby raised £2,567.95 for the House Charity
(The Rainbow Trust).
In addition, the School community raised £698.20 for Nordoff and Robbins- a Music Therapy Charity, and
£6,359.98 for the Restless Development Triathlon event.
Pupils and staff were involved in a number of activities to support the community including=
Christmas hamper collection of special Christmas foods to Raleigh House
Donating flowerpots to the residents of Galsworthy House
Donating household supplies and staple foods for families in urgent need at Kingston Foodbank
Gifts to Kingston Hospital at Christmas
Litter picking and river regeneration at Beverley Brook with the South East River Trust
Drama performances and choir singing at Bradbury House
Rags2Riches4Schools clothes recycling
Uniform collections for Nkuringo Education and Community Support (NECS} in Uganda
Barnardo's Toy Collection
The School encourages all students to embrace community seNice and to feel a connection to their community
and a responsibility to improve the world around them. All Year 7 boys worked towards their JASS (Junior
Award Scheme for School), which includes 8 hours of communitylvolunteering or charity work. All 35 boys
achieved their bronze Award.
The School has also worked on developing partnerships with state schools in the area, to share resources to
help support all students in the community. This has included sports and academic enrichment sessions,
providing minibus transport for local school trips, equipment and book donations. The School has also
supported teacher development and training for local schools and has engaged in learning visits between
schools in areas such as SEND. The Year 8 boys spent a day of work experience at a local state primary as
part of their valedictory community day.

ROKEBY EDUCATIONAL TRUST LIMITED
IA Company Limited by Guarantee)
GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
FUTURE PLANS
Governors and senior staff have continued to focus on the strategic needs of the School. First and foremost,
that means the provision of an excellent and challenging academic education while also fostering the
development of the boys, sense of self, and their engagement with the world around them.
The School has presented a plan for improving its multi-purpose hall and adding three classrooms above the
hall to provide more modern facilities for its current students. The council have refused planning permission.
However, the School has appealed to the planning inspectorate with a hearing scheduled for January 2025.
The School started construction of an electricity substation in summer 2024 to allow the provision of electric
vehicle charging points and to move the kitchen utilities from gas to electric. The School has increased its
transport offering to its pupils to decrease the total number of daily car journeys.
FINANCIAL REVIEW
Financial Results of Activities and Events
The financial results for the year 2023124 show a surplus of £559,502 (2022123.. £358,197)
Capital expenditure incurred in 2023124 amounted to £444,135 (2022123 £105,209). Cash balances at the end
of the year were £8,870,668 (31 August 2023.. £6,354,286). The School launched a Fees in Advance Scheme
in 2023124 which raised over £1.7m and contributed to the large increase in the cash balance..
The Governors make use of the following key performance indicators when assessing the operating success of
the Company:
Financial..
Annual surplus
The annual surplus as a percentage of income on a rolling 5-year basis is to be 10 % or
over before depreciation charges.
Cash
The minimum cash balance including any agreed borrowing facility should be
equivalent to at least one term's fee income. If the cash balance is likely to fall to less
than the equivalent of one term's fee income, the governors will either borrow the
required monies, or have a guaranteed overdraft facility or a secured loan in place.
Pupil numbers
Pupil numbers to exceed budget throughout the year
Potential entries
Formal applications to exceed 150 % of available places immediately prior to the ballot
Non-financial..
Boys
Boys achieve entry to a senior School which is suited to their abilities, interests,
personality and needs
ISI Inspection
All areas meet the requirements in the Independent Schools Inspectorate inspections
The School met or exceeded all of its key performance indicators outlined above. The Governors are satisfied
with the financial performance of the Company and satisfied that its financial position at the year-end will
enable future strategic plans to be achieved.

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Grant Making
The Company provided scholarships, bursaries, and discounts to 6 pupils (2022123.. 3) amounting to £41,621
(2022123.. £26,104).
Net income from the restricted Scholarship Fund totalled £7,587 (2022123.. £7,461) and gains on investments of
£16,428 (2022123.. £6,034 losses).
All fundraising is done in compliance with the best fundraising practices. Fundraising follows traditional
methods such as mufti days, cake sales and activities for the boys.
Reserves Policy
The Governors, policy is to generate reserves to provide funds to underpin the School's day-to-day operations
and to continue to enhance the educational facilities and services of the School and to fund future projects. The
minimum reserves required are based on a minimum cash balance as set out above in the KPIS. The reserves
necessary to meet these needs comprise the General Fund.
At the balance sheet date, the Company had restricted funds of £226,504131 August 2023.. £244,110) and
unrestricted funds of £10,642,890131 August 2023.. £10,065,782) totalling £10,869,394 {31 August 2023..
£10,309,892). Free reserves were £5,533,516 {31 August 2023.. £5,061,399).
In December 2023 the Governors, decided to incorporate the Fiftieth Anniversary Fund within the General Fund
and not to report it as a separate line item in the accounts as it had not been used since its designation in 2015.
In addition to these unrestricted funds, the School has Restricted Funds which arise from donations made
to the School and which are designated for specific purposes: the Bursary Fund, and the Scholarship Fund.
Investments Policy
The Governors, investment powers are set out in the Company's Articles of Association. This permits surplus
funds to be invested in investments, securities or property as may be thought fit subject to any restrictions
which may for the time being be imposed or required by law.
The Company's policy is to invest surplus funds in cash and short-term deposits except for the Scholarship
Fund which is invested in shares and other securities to achieve a balance of capital growth and income.
Because the fund is small in investment terms, the cost of using professional advice to manage this fund would
OU￿e1gh likely returns from the fund, so the Governors manage the investments directly using two Common
Investment Funds {CIFs), which are investment vehicles similar to unit trusts but available only to charities.
For the year ended 31 August 2024, the Company's restricted investments portfolio increased in value by 9.0 /0
{2022123= 3.2Q/o fall in value) and generated an average income return of 1.99 /. (2022123.. 4.14 %
Funds Held As Custodian
Although the Company maintains restricted funds to deal with income that is earmarked for a particular purpose
by donors, sponsors, and other funders, the Company does not hold, and the Governors do not anticipate that
it will in the future hold, any funds as custodian for any third party.

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Risk Management and Corporate Governance Matters
The Governors have assessed the major risks to which the School is exposed, in particular those relating to the
operations and finances of the School and are satisfied systems are in place to manage exposure to those
major risks within acceptable limits. The School's risks are documented in a Risk Register which is regularly
reviewed by the Finance and Capital Assets Committee and updated accordingly. Risks are further controlled
through the oversight of the various Board committees. A risk assessment is carried out annually by the Bursar,
drawing on input from the Headmaster and other members of staff as appropriate. This risk assessment is
reviewed by the Finance and Capital Assets Committee, with particular regard to the operations and finances of
the Company. The Finance and Capital Assets Committee also considers whether systems are in place to
manage exposure to these risks. The risk assessment is approved by the Board.
The Governors, overall attitude to risk is prudent and cautious in accordance with the Governors, duties.
The current financial and political climate has raised a number of issues that the Governors are monitoring. The
government announced in July 2024 that it would be imposing VAT on tuition fees and withdrawing business
rates relief for independent Schools. Mandated employer contributions to the Teachers, Pension Scheme
continue to increase every four years and as a result the School has implemented a phased withdrawal from
the Teachers, Pension Scheme effective from 1 December 2024. From this date, new teachers will no longer
be eligible to join the Teachers, Pension Scheme, but will be offered an alternative Defined Contribution
scheme. The upheaval to food supply, transport, and energy supply and other future impacts from Brexit and
other political issues are all being monitored. The pressures of inflation on the economy and its impact on
salaries and costs has also been monitored and budgeted for. The Governors continue to work towards
solutions and to financially mitigate and plan for these impacts whilst being mindful of the financial pressures on
parents.
The key risk areas identified by the Governors, to which they believe the School is exposed, and the
responsibility for oversight, and mitigation of the School's exposure to these risks are as follows-
Attracting and retaining high quality staff,. Identifying staffing needs and training quality staff - The
Education Welfare and Staffing Committee regularly review benchmark data to ensure that its
remuneration policy, pay scales and benefits packages are appropriate to recruit, train and retain high
quality staff.
Ensuring pupil intake is maintained successfully and appropriately - The Strategic Development
Committee and Finance and Capital Assets Committee track and report admissions data and focus on
meeting and exceeding parental expectations.
Sustaining revenue throughout the economic cycle- The Finance and Capital Assets Committee and
Governing Body ensure that appropriate and timely data and reports are provided to facilitate informed
decision-making.
Compliance with applicable Regulations and Legislation - The Governing Body through the
appointment of designated officers and governors with lead responsibilities and active membership of
independent school associations and networks. External professionals are consulted as appropriate.
Changing demographics, educational and political landscape- The Strategic Development Committee
and Governing Body monitor the possible challenges and plan, where possible, for such eventualities
with a long term strategic plan that considers various options.
Managing and overseeing the School's development- The Strategic Development Committee
considers the current challenges and opportunities and plans accordingly through a 3 year
development cycle.

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Professional Indemnity Insurance
The Company has taken out a combined insurance policy that includes buildings and contents insurance,
employer's liability insurance and professional indemnity insurance cover for the Governors and staff of the
Company. The premium for professional indemnity insurance paid by the Company in respect of this element of
the insurance policy was £2,057 for the year ending 31 March 2024 (the Company paid a premium of £2,057
for the year ended 31 March 2023).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Status and History
The Company is a registered charity and a company limited by guarantee, not having share capital.
The principal activity of the Company is to run Rokeby School, a day school for boys aged 4-13.
Rokeby was originally an owner-operated School in Wimbledon that was founded in 1877 and closed in 1966.
Rokeby Educational Trust Limited was set up in the same year to establish a successor School on the current
site. It was incorporated on 25 February 1966 and became a registered charity on 16 March 1966.
The Company is governed by the rules and regulations set down in its Articles of Association which were
revised on 29 June 2022.
Organisational Structure
The Governors have responsibility for the overall management and organisation of the School, setting and
monitoring the overall strategic direction of the Company,. approving decisions reserved to Governors
(principally approval of expenditure beyond agreed limits),. and appointing key members of staff (Headmaster
and Bursar).
The Governors meet as a Board four or five times each year. The Governors are supported in carrying out their
responsibilities by various Board Committees including the Finance and Capital Assets Committee, the
Education Welfare and Staffing Committee and the Strategic Development Committee. Board committees
normally meet three or four times each year to consider detailed matters and recommend decisions to the
Board. The Finance and Capital Assets Committee deals with short-term and long-term financial planning,
financial operations, buildings, and property, matters. The Education Welfare and Staffing Committee deals
with curriculum and personnel issues. The Strategic Development Committee deals with long range planning
and health and safety matters. Additionally, ad hoc groups of Governors are established to consider specific
issues and to make recommendations to the Board. In 2023124 the Governors set up a Teachers Pension
Scheme Working Party to consider the future viability of remaining within the scheme.
The day to day running of the School is delegated to the Headmaster,. the Bursar takes particular responsibility
for the non-academic aspects.
The Headmaster is responsible for establishing the Senior leadership Team (SLT), including the Deputy Heads
and the Bursar. The SLT oversees the teaching and pastoral care of boys in the School.

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee
GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Method of Recruitment, Appointment, Election, Induction and Training of Governors
The Governors regularly review the mix of skills Ihat should be available to the Board. New Governors are then
sought with these skills, either as additional Governors or as replacements when existing Governors stand
down.
On appointment new Governors are inducted into the working of the School and of the Company as a
registered charity. New Governors receive an induction pack which includes information about the School and
School policies. New Governors are appointed to the Board by the existing Governors to hold office for a period
of three years. At the end of a three-year term, retiring Governors are eligible for re-election for a maximum of
three terms in total. Governors can serve beyond three terms with the approval of the Board of Governors.
Arrangements for Setting Pay and Remuneration of Key Management Personnel
The Governors are not remunerated for their roles.
The Governors directly appoint key members of staff, the Headmaster, and the Bursar.
For the Headmaster and Bursar following a review, it has been agreed that their salaries will be benchmarked
on a 3 yearly basis against the regular reviews conducted by Baines Cutler and it has been agreed that they
will be paid in line with the average of a specific quartile amongst the selected peer group Schools. The
Headmaster and Bursar still receive the same general annual increase that is offered to other staff.
The authority to appoint other members of the SLT lies with the Headmaster. There is a salary scale for SLT
members, which is based on government pay scales for teachers in leadership roles. The Headmaster has the
authority to make new appointments at an appropriate point on the scale. Individual salaries are then reviewed
by the Headmaster biennially and any changes are made in line with the individual's increased experience and
performance,. these changes are reviewed by two Governors. The Board approves annually any changes to the
salary scales.
Relationships with Related Parties
No Governor is allowed to receive any remuneration for services provided as a Governor. The Board has
additionally agreed a policy whereby no Governor may provide services in a professional capacity to the school.
Those Governors, who are also parents of boys at the school, have a financial relationship with the school on the
same basis as any other parent.
Governors, Responsibilities in the Preparation of Financial Statements
The Governors (who are the trustees and directors ofthe Company for the purposes of charity and company law)
are responsible for preparing the Governors, Annual Report and the financial statements in accordance with
applicable law and regulations.
Company law requires the Governors to prepare financial statements for each financial year. The Governors
have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable law).
Under company law, the Governors must be satisfied that the financial statements for each year give a true and
fair view of the state of affairs oflhe Company and of the income and expenditure of the Company for that period.

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
In preparing those financial statements, 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 accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed. subject to any material
departLtres disclosed and explained in the financial statements,. and
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the
Company will continue in business.
The Governors are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the Company and enable them to ensure that the financial statements comply
with Companies Act 2006. They are also responsible for safeguarding the assets of the Company and for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the
financial statements and comply with the Company's governing document, the Charities Act 2011, the Companies
Act 2006 and 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 {FRS 102) (effective 1 January 2019).
AUDITOR
statement as to Disclosure of Information to the Auditor
The Governors at the date of approval of this Governors, Annual Report confirm that so far as each of them is
aware, there is no relevant audit information ofwhich the Company's auditor is unaware, and the Governors have
taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to
establish that the auditor is aware of that information.
On 18 November 2024 the company's auditor changed its name from haysmacintyre LLP to Haysmac LLP
REFERENCE AND ADMINISTRATIVE DETAILS
The Governors, who are also trustees of the Charity and the directors of the Company and who have held office
during the year are as follows..
ISAlg
E Bocquet (appointed 12112124)
B A Brenninkmeijer
F Cheung {appointed 21106124)
S Cotton
Treasurer
D A Davidson
Chair
D P Fitzgerald (resigned 07112123)
S Henkes
Vice Chair
J Kelly (appointed 02110123)
J Knight (appointed 12110123)
io

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2024
R Mackaness
A J Mayfield (resigned 20106124)
C N Newsholme
The principal address and the registered office of the Company is Coombe Croft, George Road, Kingston upon
Thames, Surrey KT2 7PB. The Company is registered under the charity number 312653 and is incorporated with
the company registration number 00872414.
The Governors have made the following professional appointments:
Solicitors..
Moore Barlow LLP, The Oriel, Sydenham Road, Guildford, Surrey GU13SR
Farrer & Co LLP, 66 Lincoln's Inn Fields, London WC2A 3LH
Auditor:
Haysmac LLP, 10 Queen Street Place, London EC4R 1AG
Banker..
HSBC plc, 54 Clarence Street, Kingston upon Thames, Surrey KT1 1 NS
The following key senior members of staff are responsible for the day-to-day management of the school:
J Peck
Headmaster of Rokeby School
G Anderson
Deputy Head Academic
K Bratt
Deputy Head (Pastoral)
L Sanderson
Head of Lower School and Designated Safeguarding Lead
C Moolman
Assistant Head (Learner Operations)
T Taylor
Head of Middle School
M Leeson
Bursar, Clerk to the Board of Governors and Company Secretary
This report was approved by the board of Governors on
board by
and was signed for and on behalf of the
D A Davidson
li

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
AUDITORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Opinion
We have audited the financial statements of Rokeby Educational Trust Limited for the year ended 31 August
2024 which comprise the Statements of Financial Activities, the Balance sheet, the Cash flow Statement and
notes to the financial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK
and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our 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 the
charitable company's net movement in funds, including the 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.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs {UK)) 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 charity 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 is 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 trustees, 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 significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities 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. The other information comprises the information included
in the Trustees, Annual Report. Our opinion on the financial statements does 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.
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.
12

ROKEBY EDUCATIONAL TRUST LIMITED
IA Company Limited by Guaranteel
AUDITORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Opinions 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, Annual Report (which includes the strategic report and the directors,
report prepared for the purposes of company law) for the financial year forwhich the financial statements
are prepared is consistent with the financial statements. and
the strategic report and the directors, report included within the Trustees, Annual Report have been
prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the 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 Trustees, Annual Report (which
incorporates the strategic report and 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 by the charitable company., or
the charitable company financial statements are not in agreement with the accounting records and
rettjrns., or
certain disclosures of trustees, 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 for the financial statements
As explained more fully in the trustees, responsibilities statement set out on page 12, the trustees (who are also
the directors of the charitable company for the purposes of company law) are responsible for the preparation of
the financial statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities 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'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 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below..
Based on our understanding of the group and the environment in which it operates, we identified that the principal
risks of non-compliance with laws and regulations related to charity and company law applicable in England and
Wales, and we considered the extent to which non-compliance might have a material effect on the financial
statements. We also considered those laws and regulations that have a direct impact on the preparation of the
financial statements such as the Companies Act 2006.
13

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
AUDITORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2024
We evaluated management's incentives and opportunities for fraudulent manipulation ofthe financial statements
(including the risk of override of controls), and determined that the principal risks were related to revenue
recognition, in particular in relation to recording income from donations and charitable activities in the correct
accounting period and management override of controls. Audit procedures performed by the engagement team
included..
Inspecting correspondence with regulators.,
Discussions with management including consideration of known or suspected instances of non-
compliance with laws and regulation and fraud.,
Reviewing the controls and procedures of the charity relevant to the preparation of the financial
statements to ensure these were in place throughout the year, including during the Covid-19 remote
working period.,
Reviewing debtors recoverability post year end.,
Reviewing managements decisions on bad debt.,
Reviewing post balance sheet events.,
Evaluating management's controls designed to prevent and detect irregularities.,
Identifying and testing journals, in particular journal entries posted with unusual account combinations,
postings by unusual users or with unusual descriptions., and
Challenging assumptions and judgements made by management in their critical accounting estimates.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is
also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional
concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: www.frc.or
.ukJauditorsres
onsibilities. 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.
tLJ
Thomas Wilson (Senior Statutory Auditor}
For and on behalf of Haysmac LLP, Statutory Auditor
Date.. 3110312025
10 Queen Street Place
London
EC4R 1AG
14

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING THE INCOME & EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
INCOME FROM:
Donations and grants
Charitable activities..
School operating income
Investment income
786
8,174,098
336,383
8,174,098
343,970
7,599,331
123,667
7,587
TOTAL INCOME
8,510,481
7.587
8,518,068
7,723,784
EXPENDITURE ON:
Charitable activities
School operating costs
(7,933,373)
{41,621) (7,974,994) (7,359,555}
TOTAL EXPENDITURE
(7,933,373)
(41,621) {7,974,994) (7,359,555)
NET INCOME BEFORE INVESTMENT
GAINS & LOSSES
577,108
(34,034)
543,074
364,229
Net {losses)Igains on investment assets
11
16,428
16,428
(6,034)
NET MOVEMENT IN FUNDS FOR THE
YEAR
577,108
(17,606)
559,502
358,195
Total funds at 1 September 2023
16
10,065,782
244,110
10,309,892
9,951,697
TOTAL FUNDS AT 31 AUGUST 2024
16
10,642,890
226,504
10,869,394 10,309.892
All activities relate to continuing operations.
The notes on pages 18 to 31 form part of these financial statements.
15

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
FIXED ASSETS
Intangible assets
Tangible assets
Investments
29,159
5,080,215
196,621
10
5,004,383
180,193
5,305,995
5,184,576
CURRENT ASSETS
Debtors
Bank
12
349,546
8,870,668
232,811
6,354,286
9,220,214
6,587,097
CREDITORS: amounts falling due within
one year
13
(1,960,373) {842,287)
NET CURRENT (LIABILITIES)IASSETS
7,259,841
5,744,810
TOTAL ASSETS LESS CURRENT LIABILITIES
12,565,836 10,929,386
CREDITORS: amounts falling due after
more than one year
(1,696,442) (619,494)
NET ASSETS
10,869,394 10,309,892
CHARITY FUNDS
16
Restricted funds..
Scholarship Fund
Bursary Fund
Unrestricted funds..
General fund
Fiftieth Anniversary Fund
203,495
23,009
212,757
31,353
10,642,890
9,065,782
1,000,000
10,869,394 10,309,892
The financial statements were approved by the Governors on
and signed on their behalf, by..
Treasurer
D A Davidson
E Bocquet
16

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Note
Cash flows from operating activities:
Net cash generated from operating activities
18
880,781
483,699
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Purchase of intangible assets
343,970
(412,326)
{31,809)
123,667
(210,942)
Net cash used in investing activities
(100,165)
{87,275)
Cash flows from financing activities:
Movement on fees in advance
Movement on deposits from parents
1,709,510
26,256
(1,749}
92,500
1,735,766
90,751
Change in cash and cash equivalents in the reporting
period
2,516,382
487,175
Cash and cash equivalents at the beginning of the reporting
period
6,354,286
5,867,111
Cash and Cash Equivalents at the end of the reporting
period
8,870,668
6,354,286
Reconciliation of net debt
0110912023
Cashflows
Non-
Cashflows
3110812024
Cash at bank and in hand
Fees in advance withing l years
Fees in advance between 1-5 years
Fees in advance over 5 years
6,354,286
2,516,382
{590,568)
11,065,872)
153,070)
8,870,668
1590,5681
{1,065,8721
(53,0701
6,354,286
806,872
7,161,158
17

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES
1.1 COMPANY INFORMATION
Rokeby Educational Trust Limited {the Company) is a private company limited by guarantee
incorporated in England and Wales. Its registered office address is Coombe Croft, George Road,
Kingston upon Thames, Surrey KT2 7PB.
The principal activity is disclosed in the Governors, annual report.
1.2 BASIS OF ACCOUNTING
These financial statements have been prepared in accordance with FRS 102"The Financial Reporting
standard applicable in the UK and Republic of Ireland" the requirements of the Companies Act 2006
and under the historical cost convention, except as modified for the annual revaluation of fixed asset
investments.
Within the definitions of FRS 102, the Company is a public benefit entity.
The financial statements have also been prepared in accordance with the accounting policies set out
in more detail below, to comply with the Company's governing document, the Charities Act 2011 and
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 (FRS 102} (effective 1 January 2019).
The financial statements have been prepared with the adoption of the FRS 102. This is the first set of
financial statements where the Triennial Review amendments have been adopted. There have been
no changes to amounts presented in respect oftransactions or balances in any ofthe main statements
as a result of adoption of the changes, but certain disclosures have been updated in line with the new
requirements.
The financial statements are prepared in Sterling, which is the functional currency of the Company.
Monetary amounts in these financial statements are rounded to the nearest £1.
1.3 GOING CONCERN
The governors have assessed and analysed a number of factors including school enrolment, waiting
lists, cash flow forecasts and budget projections for the future. All of those factors have given the
Governors confidence that the Company will be able to continue its activities and meets it financial
liabilities for the foreseeable future. On that basis, the Governors have prepared the financial
statements using the going concern basis.
18

ROKEBY EDUCATIONAL TRUST LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES (Contlnued)
1.4 INCOME
General donations and other similar types of voluritary income are brought into account when
receivable and donated income is included gross of any attributable tax recoverable, where relevant.
Donations given for specific purposes are treated as restricted income.
Tuition fees are billed termly and are accounted for on an accrual basis. Investment income,
registration and examination fees is recognized when earned. Income for extra-curricular activities
and school provided transport in billed termly in arrears.
1.5 EXPENDITURE
Expenditure is allocated to the Company's principal activity where the costs can be identified as being
directly related to that activity. All costs that cannot be identified as relating directly to the Company's
principal activity are categorised as either support costs or governance costs. Any costs that cannot
be specifically categorised are allocated in proportions based upon a suitable ratio applicable to the
nature of the cost involved.
Bursaries payable are recognised in the period in which the approved offer is conveyed to the recipient
except in those cases where the offer is conditional, such bursaries being recognised only when the
conditions attaching to the award are fulfilled. Bursaries offered subject to conditions, which have not
been met at the balance sheet date, may be noted as potential commitments where significant, but
are not treated as a liability.
Governance costs are the costs associated with running the Company as a charitable company, and
include a proportion of staff costs, audit fees and certain other costs identified as directly governance
related.
1.6 TAXATION
The Company is a registered charity and as such its income and gains falling due under section 471
to 489 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992
are exempt from corporate tax to the extent that they are applied to its charitable objectives.
1.7 INTANGIBLE FIXED ASSETS
All intangible assets purchased that have an expected useful economic life that exceeds one year are
capitalised and classified as fixed assets. Intangible fixed assets are stated at historical cost less
amortisation. Amortisation is provided on all intangible fixed assets at rates calculated to write each
asset down to its estimated residual value evenly over its expected useful life, as follows..
Website
Over four years
19

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES (Continued)
1.8 TANGIBLE FIXED ASSETS
All tangible assets purchased that have an expected useful economic life that exceeds one year are
capitalised and classified as fixed assets. Tangible fixed assets are stated at historical cost less
depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write each
asset down to its estimated residual value evenly over its expected useful life, as follows..
Freehold land and buildings
The land and buildings held by the Company in George Road,
Kingston upon Thames at 31 August 1975 had been written
down to £100,000, being an amount representing the value of
the freehold land. This freehold land has been retained in the
balance sheet at the carrying value of £100,000.
The freehold land at the sports ground in Worcester Park is
not depreciated. The cost of the pavilion is depreciated over ten
years.
The cost of any minor additions to buildings since 1
September 1975 is depreciated over ten years.
Major alterations made to existing school buildings and
additional buildings acquired are depreciated over fifty years.
Fixtures, fittings and equipment
Computer equipment over three years All other fixtures,
fittings and equipment over four years
Motor vehicles
Over four years
q.9 INVESTMENTS
The Company's investments are included in the balance sheet at fair value (their market value). The
gains or losses arising upon their annual revaluation are included in the statement of financial
activities.
I.qO LEASED ASSETS AND OBLIGATIONS
All of the Company's leases are "operating leases" The costs of these leases are charged to the
statement of financial activities on an accruals basis over the term of the lease.
20

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES (Continued)
1.11 PENSION CONTRIBUTIONS
Retirement benefits to certain employees of the Company are provided by the Teachers, Pension
Scheme England and Wales ("TPS"), a defined benefit scheme for which the assets are held
separately from those of the Company.
The TPS is an unfunded scheme and contributions are calculated so as to spread the cost of
pensions over employees, working lives with the Company in such a way that the pension cost is a
substantially level percentage of current and future pensionable payroll. The contributions are
determined by the Government Actuary on the basis of quinquennial valuations using a prospective
benefit method. The TPS is a multi-employer scheme and the Company is unable to identify its
share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis.
The TPS is therefore treated as a defined contribution scheme and the contributions recognised as
they are payable each year.
The School has implemented a phased withdrawal from the Teachers, Pension Scheme effective
from 1 December 2024. From this date, new teachers will no longer be eligible to join the Teachers,
Pension Scheme, but will be offered an alternative Defined Contribution scheme.
For all other employees, the Company makes contributions into a defined contribution scheme,
whose assets are also held in a separate fund independently administered by Scottish Widows. The
amount charged to the statement of financial activities in respect of pension costs is the total
contributions payable for the year.
4.12 FINANCIAL INSTRUMENTS
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial
liability or equity instrument of another entity. Financial instruments are therefore classified and
accounted for according to the substance of the contractual arrangement as financial assets,
financial liabilities or equity instruments. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its liabilities
1.13 FINANCIAL ASSETS AND LIABILITIES
The Company's debtors and creditors that meet the definition of either a financial asset or a financial
liability are initially recognised at fair value and thereafter are stated at amortised cost using the
effective interest method.
1.14 FUND ACCOUNTING
The general fund comprises the accumulated surpluses of unrestricted income over expenditure,
which are available for use in furtherance of the general objectives of the Company.
Designated funds are a particular form of unrestricted funds consisting of amounts, which have been
allocated or designated for specific purposes by the Governors. The use of designated funds
remains at the discretion of the Governors.
Restricted funds are funds subject to specific conditions imposed by donors. The purpose and use
of the restricted funds are set out in the notes to the financial statements. Amounts unspent at the
year end are carried forward in the balance sheet.
1.15 GOVERNMENT GRANTS
Government grants are recognised at the fair value of the asset received or receivable when there
is reasonable assurance that the grant conditions will be met and the grants will be received.
21

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the Company's accounting policies, the Governors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and underlying assumptions are based on historical experience and
other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised if the revision affects only that
period or in the period of the revision and future periods if the revision affects both current and future
periods.
School Deposits Refundable deposits are currently classified between long term and short term in the
financial statements. These deposits are refundable in the event that pupils leave the school on one term's
notice, and as such the deposit would be refunded to the parents at that point. However, the financial
statements are prepared on a going concern basis and management make a judgement that the majority
of pupils will remain in the school for their full years of education and therefore the deposit will be refunded
to them when they leave the school. Therefore, short term deposits reflect those pupils that will be leaving
the school within one year, and the long-term deposits reflect those pupils that are likely to be leaving the
school more than twelve months from the balance sheet date.
Income from donations and legacies
Total
2024
Total
2023
Donations
786
786
All income from donations and legacies is unrestricted for the current and comparative year.
School operating income
2024
2023
Gross Fees receivable for tuition and fees in lieu of notice
Scholarships, discounts and bursaries awarded
7,867,162 7,322,122
(41,621)
Net Fees
7,825,541 7,322,122
Other operating income
348,557
277,20g
8,174,098 7,599,331
All School operating income is unrestricted for the current and comparative year.
22

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Investment Income
Unrestricted Restricted
2024
2024
Total Unrestricted Restricted
2024
2023
2023
Total
2023
Bank interest
Income from
investments
336,383
336,383
116,206
116,206
7,587
7,587
7,461
7,461
336,383
7,587
343,970
116,206
7,461
123,667
6. School Operating Costs and Governance Costs
2024
2023
Direct Costs
Teaching .' Staff costs
Teaching .' Operating lease rentals
Teaching .' Other costs
Welfare .' Other costs
Premises .' Staff Costs
Premises .' Other costs
4,485,079
68,277
559,691
468,189
317,997
663,918
3,937,870
59,000
544,066
429,432
309,654
640,976
Support Costs
Wages and salaries - support
Amorlisation
Depreciation
Audit fee
Operating lease rentals
Other costs '
573,439
2,650
336,494
23,670
8,158
467,432
554,093
362,218
22,790
14,093
454,887
7,974,994
7,329,079
Other costs comprise general administrative costs including items such as recruitment, professional fees,
marketing, IT, printing etc.
7. NET MOVEMENT IN FUNDS
2024
2023
This is stated after charging..
Auditors, remuneration: audit
Auditors, remuneration- non-audit fees
20,400
3,270
19,500
1,980
23

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Teacher pension costs
Other pension costs
4,117,745 3,758,894
437,862
394,846
687,306
549,434
133,602
98,443
5,376,515 4,801,617
The average monthly number of employees during the period was as follows..
2024
Number
2023
Number
Teaching
Welfare, premises, support and administration
66
34
65
31
100
96
The number of employees whose remuneration for the year fell within the following bands was..
2024
Number
18
2023
Number
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£130,000 to £139,999
£140,000 to £149,999
The Company made contributions to pension schemes on behalf of all employees whose emoluments
exceeded £60,000, and the total contributions payable during the year amounted to £457,157 (2023-
£202,717}. No other member of staff received total emoluments in excess of £60,000 during the current or
previous year.
The total amount of employee benefits received by key management personnel for their services to the
Company during the year amounted to £636,915 (2023.. £498,312} and the Company incurred employers,
national insurance contribution costs of a further £74,88312023'. £68,036) in relation to the employment of
these same members of staff.
None of the Governors received any remuneration for services as a trustee or as a director ofthe Company
during the current or previous year. None of the Governors received reimbursement for expenses incurred
in relation to the Company during the current or previous year.
24

ROKEBY EDUCATIONAL TRUST LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
The Company has taken out a combined insurance policy that includes buildings and contents insurance,
employer's liability insurance and professional indemnity insurance cover for the Governors and staff of
the Company. The premium for professional indemnity insurance paid by the Company in respect of this
element of the insurance policy was £2,057 for the year ending 31 March 2024 (the Company paid a
premium of £1,583 for the year ended 31 March 2023).
9. Intangible Fixed Assets
Total
Cost..
1 September 2023
Additions
24,336
31,809
31 August 2024
56,145
Amortisation..
I September 2023
Charge for the year
24,336
2,650
31 August 2023
26,986
Net book Value..
31 August 2024
29,159
31 August 2023
10. Tangible Fixed Assets
Assets
under
construction
Fixtures
and
flttings
Freehold
Motor
Total
Cost:
31 August 2023
Additions
9,569,012
74,029
47,542 2,353,781
235,668
102,629
84,171
12,054,506
412,326
31 August 2024
9,643,041
283,210 2,456,410
84,171
12,466,832
Depreciation..
31 August 2023
Provided during the year
4,939,147
166,559
2,033,402
167,205
77,574
2,730
7,050,123
336,494
31 August 2024
5,105,706
2,200,607
80,304
7,386,617
Net book value..
31 August 2024
4,537,335
283,210
255,803
3,867
5,080,215
31 August 2023
4,629,865
47,542
320,379
6,597
5,004,383
25

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11. Investments
2024
2023
1 September 2023
Gains and Losses
180,193
16,428
186,227
(6,034)
31 August 2024
196,621
180,193
At the balance sheet date, the historical cost of the investments was £125,991 {2023.' £125,991).
Individual holdings representing more than 5 % of the market value of the portfolio at the balance sheet
date are as follows..
2024
2023
CCLA Investment Management Ltd - COIF Charities Investment Fund
M&G - Equities Investment fund for Charities
118,212
78,409
109,409
70,784
196,621
180,193
Investment in
subsidiary
On the 9 February 2024 Rokeby School Trading Limited (Company house number
15477119} was incorporated and became the whole owned subsidiary of Rokeby
Educational Trust Limited.
Rokeby Educational Trust Limited has not consolidated Rokeby School Trading
Limited into its accounts as it is immaterial.
The following was a subsidiary undertaking of the charitable company..
Country of
incorporation
Class of share
capital
Principle
activity
Holding
Rokeby School Trading Limited
England & Wales Ordinary
IOOYO
Tra nsportation
2024
Turnover
Cost of sales and administrative costs
15,106
<14,036)
Net Profit
Amount to Gift aided to the charity
1,070
{1,070)
Retained in the subsidiary
26

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12. DEBTORS
2024
2023
Trade debtors
Amounts owed by subsidiary
Prepayments and accrued
income
10,614
22,149
138,441
316,783
94,370
349,546
232,811
13. CREDITORS: amounts falling due within one year
2024
2023
Trade creditors
Parental deposits
Other taxation and social security
Pension contributions payable
Other creditors
Accruals
Deferred income
Fees in advance
169,139
58,750
99,999
98,566
6,879
230,025
706,797
590,218
73,334
42,500
101,535
80,835
4,459
66,920
472,704
1.960,373
842,287
14. DEFERRED INCOME
2024
2023
Movements in deferred income were as follows..
Deferred income at the start of the year
Income received in advance
Deferred income released
472,704
484,701
706,797
472,704
{472,704) (484,701)
Deferred income at end of year
706,797
472,704
Deferred income represents fee income received in advance.
27

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15. CREDITORS: amounts falling due within more than one year
2024
2023
Deferred income
Fees in advance
Deposits from parents
68,250
1,118,942
577,500
551,244
1,696,442
619,494
Deposits from parents fall due for repayment within three months after the nominated pupil leaves
Rokeby. Earlier repayments may be made at the discretion of the Governors.
2024
2023
Fees in advance
Within 1 year
Within 2-5 years
Over 5 years
590,568
1.065,872
53,070
1,709,510
28

ROKEBY EDUCATIONAL TRUST LIMITED
IA Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. THE FUNDS OF THE CHARITY
2024
Investment
gains I
Transfers
Brought
Forward
Carried
Forward
Income Expenditure
RESTRICTED FUNDS
Scholarship Fund
Bursary Fund
212,757
31,353
7,587
(33,277)
(8,344}
16,428
203,495
23,009
244,110
7,587
(41,621}
16.428
226,504
UNRESTRICTED FUNDS
General Fund
Fiftieth Anniversary Fund
9,065,782
1,000,000
8,510,481 (7,933,373)
1,000,000
(1,000,000)
10,642,890
Total Unrestricted Funds
10,065,782
8,510,481 {7,933,373}
10,642,890
Total funds
10,309,892
8,518,068 (7,974,994)
16,428
10,869,394
2023
Brought
Forward
Investment
gains
Carried
Forward
Income Expenditure
RESTRICTED FUNDS
Scholarship Fund
Bursary Fund
230,908
37,879
7,461
(19,5781
(6,526)
{6,034)
212,757
31,353
268,787
7,461
(26,104)
(6,034)
244,110
UNRESTRICTED FUNDS
General Fund
Fiftieth Anniversary Fund
8,682,910
1,000,000
7,716,323 {7,333,451}
9,065,782
1,000,000
Total Unrestricted Funds
9,682,910
7,716,323 (7,333,451)
10,065,782
Total funds
9,951,697
7,723,784 (7,359,555)
(6,034)
10,309,892
The Scholarship Fund was set up in 1995 following the receipt of an anonymous donation. The funds are
intended to be used to provide a full scholarship for a pupil of Rokeby School, who would otherwise be
unable for financial reasons to attend the school.
The Bursary Fund was set up in 2008 following the receipt of donations from the parents of boys leaving
in that year and this fund has subsequently been added to by donations from the Rokeby Parents, Circle
as well as other anonymous donations. The funds are intended to be used to provide bursaries for boys
whose parents would otherwise be unable to afford the school's normal tuition and extra-curricular fees.
The Fiftieth Anniversary Fund was created in 2016. However, it has not been used since its designation.
At a Board meeting, the Governors agreed to remove the status of the Fiftieth Anniversary as a
designated fund. The monies will now form part of the General Fund.
29

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
17.
ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Fixed assets
Investments
Net Current assets
Creditors due in more than one year
5,109,374
5,109,374
196,621
7,229,958
7,259,841
(1,696,442} (1,696,442)
196,621
29,883
226,504
10,642,890
10,869,394
ANALYSIS OF NET ASSETS BETWEEN FUNDS- 2023
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Intangible & Tangible fixed assets
Investments
Net Current assets
Creditors due in more than one year
5,004,383
5,004,383
180,193
5,744,810
(619,494)
180,193
63,917
5,680,893
{619,4941
244,110
10,065,782
10,309,892
18.
NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net movement in funds
Dividends, interest and rents from investments
Amortisation charges
Depreciation charges
Net losses l{gains) on investment assets
(Increase) l Decrease in debtors
Increase l {Decrease) in creditors
559,502
(343,970)
2,650
336,494
{16,428)
(116,735)
459,268
358,195
{123,667)
362,217
6,034
(18,579)
(100,501)
NET CASH INFLOW FROM OPERATIONS
880,781
483,699
30

ROKEBY EDUCATIONAL TRUST LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
19.
COMMITMENTS UNDER OPERATING LEASES
2024
2023
At 31 August 2024, the Company was committed to make the following
total payments under non-cancellable operating leases..
In respect of motor vehicles and plant and machinery leases-
Amounts due within one year
Amounts due between one and five years
47,317
94,051
47,317
141,368
141,368
188,685
20. RELATED PARTY TRANSACTIONS
There are no related party transactions in the current or prior year.
21. PENSION COMMITMENTS
The School participates in the Teachers, Pension Scheme I'the TPS.) for its teaching staff. The pension
charge for the year includes contributions payable to the TPS of £687,306 (2023.. £549,434} and at the
year end date, £86,277 {2023.' £60,106) was accrued in respect of contributions to this scheme.
The TPS is an unfunded multi-employer defined benefits pension scheme governed by the Teachers,
Pensions Regulations 2010 (as amended) and the Teachers, Pension Scheme Regulations 2014 (as
amended). Members contribute on a pay as you go" basis with contributions from members and the
employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds
provided by Parliament.
The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by
the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as
at 31 March 2020 and the Valuation Report was published in October 2023.
Following the Mccloud judgement, the remedy proposed that when benefits become payable, eligible
members can select to receive them from either the reformed or legacy schemes for the period 1 April
2015 to 31 March 2022. The actuaries have assumed that members are likely to choose the option that
provides them with the greater benefits, and in preparing the 2020 valuation has valued the 'greater value,
benefits for groups of relevant members.
The employer contribution rate for the TPS is 28.6 %, and employers are also required to pay a scheme
administration levy of 0.080/0 giving a total employer contribution rate of 28.68 % .
The School has implemented a phased withdrawal from the Teachers, Pension Scheme effective from 1
December 2024. From this date, new teachers will no longer be eligible to join the Teachers, Pension
Scheme, but will be offered an alternative Defined Contribution scheme.
31