Reglslered Company fftumber: 006404641England and Wales)
Re8lstered Charlty nufflber: 312724
GOVERNORS, REPORT AND ACCOUNTS
FOR
QUEEN'S GATE SCHOOL TRUST LIMITED
(LIMITED BY GUARANTEE)
FOR THE YEAR ENDED 31 AUGUST 2024
*AEltrtNSHK*
2910412025
COMPANIES HOUSE
A11
#36

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMrrED BY GUARANTEE)
CONTENTS
Leyl and Adfftthistrati￿ Informatknn
Gov6rnors' Report Ilncorwa￿ng the 5trate8fc RoPOrtI
Statsment of Governors, Ré4)oMlbllitles
IndopendentAudttors' Report
10-12
Staternent of Flnwn¢lAI A¢tMd•s
ia
Balance Sheet
14
Cash Flow Statefflent
15
Ilotes to the Flnanclal Slaternents
16-16

QUEEN'S GATE SCHOOL TRUST LIMITED ILIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Mr$ Rèlca Gray Ichalrmanl
hArs Nlcola Bright lappolnted 20 March 20241
Mlss Karen Coles lappolnted 28 5epternber 2014)
M5 Carol Da¥ls
Mr Jonathan Dobson
Mr Wllllam Glllen Irèsl8ned 19 March 20241
Mr shal Hlll
Mrs Clare Lentermarn (apptslntsd io Febr￿ary 2024)
MrGary Ll
Ms Carrolla TrefEarne Iro$l8nèd 10 Aprll 20241
Mr Peter Trueman
Mr$ Mènlna Weldon
Prlndp41
Ml$s Amy W•lla¢e
Butsar and ￿￿*tary
Mr Jonathan Cubltt IreilBned 27 Ottobor 20231
Mr Douglos Shaw (Interlml127 October 2023 - 1 April 10241
Mrs Slan Lèhrter13ppolhted l Aprll 30241
S•nlur Manwment Team
Mlss Amy Wallace
Mr Chrlstlan Kendall-tAIw
MTS Slan Lehrter (appointed J Aprll 20241
Mrs Lydlp Kyle lappolntsd l Aprll 20141
Mr Mark Crundwell
Ms ftharlotte De L8 Pem
Mrjarnes Denchfleld
Mr Phlllp Wllllam5
Ms Coleen Glttens
Mlss Nlchola Hol¥ste-Smlth
Company number
00640464
Jrlty numb•r
312724
Prlnrlpal addr¢M and roÉhtered offlL
Queen's Gatè School
133 aueen'sGatr
London
SW7 SLE
Audhors
TC Group
The Courtyard
Shoreh•m Aold
upper 8eodln8
5teynlne
Wesisuss•x
BN44 3TN
04nk4rn
afclays Bank pit
I Churchlll Place
Canary Wharf
London
E14 5HP

QUEEN'S GATE SCHOOL TRUST UMITED (UMITED 8YGUARANTEEI
r￿VERNoRs. REPORT (INCORPORATING THE STRATEGIC REPORn
FOR THE YEAR ENDEDJI AU6115f2024
The queen'$ G?tE Sch¢x¥l Governgrs Ilhe Governorll present thelr annual reporl together wlth the audtted flnanclal
ststrments of the charitable company for the yearended 31 AuBu5t 2024.The annual repurtserves ihe purposes ol both a
trusteès, reportand a direttors, rèport under company law,
H￿RE11￿ AtID ADMIt115ThAIIVE INFORMATION
Quien's G•te School vjas founded In IBgi and Is feglstered wlth the Charlty Commjsslon under Charlty Number 31272
The Governors, SenStsr ManHgemeftt Team and prlnclpal address of the Chaflty toÉethEr wlth detèlls of thè Charlvs
profes5tonal ad¥lsofS afe 8lveft thé Leill aDd Admlnlstritlw InfOrm￿on page •bove.
Ihe Sthool
aueen's G&¢ School Is a central London Independoni day School lor gtrls 4ed 4-18 that ¢ombinÈs academtc 5UCtexs and
excellentpastoral carewlth a welcomln8 en¥lroftmeht, The School151ut•led Inflve elegant bulldings In Queen'5 Gate,
South Ken31n6ton.
Ihe fvlfidp•l
frAlss Amy Wallac• h•s b#•n Pthclpal olthe S¢hool slNce Sapt•mber 2022. She Is a￿lsthd by a manlymènt team whl¢h
coTrwrl*s key slafl In the Senlor S¢hool.the Dlrector of the junior School and the 8ursar.
5TRUCIUHi GOVEIINANCE AND MANAGEMENT
Go¥4rnon
Under the MEN￿randYm #fid Artlclesof Assoclatfon of Quten's Gote S¢hool Trust Itd. control ofthe fxjmpany 15 vested In
th* Govornln8 Bool. whose rnembg1J perform4 role e4uJv4lent to that of company dlreclors. The Artleles ol A$50Cla￿On
were updatsd In 2013. The Governors ara also trustees of the Charlty.
GovernlA# Bod¥
Oetslls olcuttent Governorsalong wilh thos• who ￿re In olllc• durlns th• year endèd 31 August 2024 8re Ilsted on paA¢
l. Durln8the year. W Gillen and C Tref8arrtè le￿￿ed. and three new Boveynors lolned the Board: N Bfiahi K Coles •fftd C
L•nterrykiTr.
The School alms to have a broad range of skllls on the Governln8 80(Iy. and arvongst other thln85i currentfjgvernor$ are
exparlenced In tho followlnlflclds: oducatlon, law. Ilnance. propcTty and bu5fnes5.
letyuftment ond Trolnlni olGovgfn4fl
Governors #re appolnted by Invltstlon ol thtt Gov*rnlfis Body. New GOVer￿￿rI are tndueied Into th* worklngof the School
#fid the Charlty al Inductson sesslons held wlth ihe Prlnclpal Ind BuTsar. at whlch th•y are presentod wlth Ivformatlon on
governanc• and othqr relÈv•fitpoll¢ie5 and procedures. All GovefnorsaThtnd TeBulartralnlng to ensure thev can meet thelr
safe£uardln8 and other respoftslblllt19s. Govern¢rs are encouraged to use resources made avaNable from the As50clatltsn
of Governln8 Bodle5 of Sndependent Schools IAGBISI, 6ovornor$ re8ularly ¥lslt the School and attend khool evonts
wherever posslble,
OlKanI￿tIOn8j Mana8ement
Ile Govèrnorj, 05 the trusieesolihe Charlty, •r• legally respons5ble for the o¥erallmpnaBEment artd control of the School.
The Full Go¥erThlnB Body met lour bmes duTln8 the ytaf to 31 A￿￿$t Z024. It eslablishes an overDII framework for the
governance of the School qnd deleBate5 rerialn key responslb511des to Its commSttee5. The work of the Committees Is
monltoied thou8h the mlnute5 01 thelr ￿elInES and the r4tincatJon of deilsluns where requlred. Durlng the year to 31
Avllust 1024 there were thfee maln Commillee$;
Fin8nc• Commltteé Iwhlch also serves ès the audlt commlttoel. ¢halr•d by Peter Trueman. and re5ponslble for
monitoiln8 th? Implementatjon of flnance pollcle5. rev5ewln8 recornrnendSn8 the annual bud8e¢ rnonltorlng
monagÈmÈnt accounts and presentin8 the audlted fftnanclal 5tarernents lor approvRI by the Full fjDvernlng Body.
Edu¢atlon and P￿tOry1 Comrnlttee, chalred by Wllllam Glllen unlll retlrement In M#rch 2024. and then by
Nlcky Brl8ht (Educatlonl •Trd Clare Lenterman IpastOTall, lo ensure Implementatlon of academlc. pastoral and
s•fo8uar41in8 pollcle5. Clar• Lenierman Is also the Sale8uardlnB GovÈwnor.

QUEEN'S GATE SCHOOL TRUST LIMIIED (LIMITED BY GUARANTEE)
GOVERNORS. REPORT (INCORPORATING THE STRATEGIC REPORT)
FOR THE YEAR ENDED 31 AUGiisf2024
09¥olopment Commltt•O* Chalred by Manlna Woldon. whtch wlth the School to rDlJe addftlon•l lunds for
the School through a ¥arlètyof lundralslnE actfvllles.
A new Remunera￿0￿ Commlttee was estsb115hed durln8the v¢¥r ax a sub.committee of th8 Rftarte Commltte•. wlth the
flrst me•tln8 tskln8 placo In September 2024.
The Prlnclpal and the Bursar attend rfeet5ny of the Governorl. Other members of the Senlor Manoiement To•m ISMT)
eod ¥$ 4PPTDprlate.
The day ￿ day runnln8of th• Schoolls de￿111¢d to th&Prlnclp41 supportsd byher SMTwhlth 1$ ¢omprls•d of iht followlni
Indfvidu•l$'.
M155 Ary Wall8¢e- PIlN¢lpal
Mr Christlan Kortdall-Daw- Wce-prlnclpal
Mrs Slan Lehrter- 8urs3r lappolnted l Aprll 20241
Mrs Lydia Kylo- Dlrector olthe Junlar School l?ppolnted l Aprll 20241
Mr Mark Crundwell- Dlrector ofYea¢hlng, Le)rftlnK and Assessment
Mr larrre5 Denchfield- Dlrector of Admls51on>1oppolnted l Aprll 20241
M5 Charlolt8 de 13 Pena- Dlrector of Pastoral Care
Mr Phlllp w11llan￿ - Dlrector of Ctsrrlculum
M5 Coleen Gl¢*ns- Dlr•¢tor of Slxth Form
Nl¢hoh HDliate-Smith - Asslsiant DlIKtor olpa$toral Care
Mr Jonathan Cubltt relined os Bursar on 27 October 2023. Mr D0v￿al Shaw s•rved #s Interlm Burmr unt411 April 2024.
Group St¢urtyr• R*l8tlonshlpg
There Is ho oroup structure. All a¢ll¥llle5 Qlthe Charity are carrled Out by iho Charlty Itself.
OWEC15. AIMS AND OBJEcnvES
Charltaljte Qbbrts
The ChJrirl$ Oblects. IS Set out In Its Momorandum of A550¢1JU¢)n dat•d IS O¢tob•r 1959 ur•:
Yo promote the cause of educatlon and provlde for the tralnln8 and InstruclJon of puplls In every branch of
learnlni.. In clUzanshlp* In outdoor pur$ults,' and In the arts and crafts of all klnds.
To provltle such puplls vlth splrllu#l. moral, mEnrol and physlcal tralftlnB ON the basls ol Chrlsllan prln¢lplEs and
by accep11n8 pup115 wlthout d15tlnctlon on the younfls of race, colour of creed to encoura8e thè undeYstsndln8
and toleranco OF dlflerentso¢lal and le11￿oU5 sV5t8ms.
To rfy)Inl4ln its herlta8e endpwment . the School wlth Its Grade 2 IL5ted bulldlnB5 -w5thSn these objects.
AIMS ond Intended Impart
In both the Junlor and Senlor Schools, the Ilm Is to creats a secure and happy envlronry*ftt In whlch each Elrl may rejllse
her •¢¥demlc and personal pot4nilal and Indlvlduallty. Our expectatlons of our puplls are hlth both In and out ol the
ch5sroom. We encourage thelr Intollectual developmenL thelr Interesi and Involvet)*nt In extra<ur¢lculaTOCtivliles as well
as a ¢oncernforothe15through chafltsble WDTL ènablln8 them ￿ become responslble ¢likensln a small sthool and a lar8er
world,
Publlt 8tnofft
In settlnB ihe objeclfves and plannlnB aCtNltJes, the Governors havÈ conslderedthe charlty COMMI￿10￿.1 8eneral 8uldante
on publk bEneflL
Queen's Gate School Is a charitsble trust whlch seeksto beneflt the publlc through the pur5vIt of Its core alns. In addltlon.
the khool serves the wider communlty bv;
Pardelpatlng In and prOmo￿n6 lolnt o¢tivltles wlth other local schools, both stste and IndependenL

QUEEN'S GATE SCHOOL TRUST LIMITED IUMITEO BY GUARANTEE)
GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REPORTI
FOR THE YEAR ENDED 31 AUGU5f2024
Encouralllng and supportlnB pup115 and staff io be actlvely lnVts￿td In local, national and Internatlonal charltles
PiovldinÉ bursaryasslstance to wlden acce5s.The School doES notbenefftliom endowrneni Incoffje and therefore
makes a PfOPOrtion of 8ross lee Income avallable to provlde asststsnce to p￿p51$ would nototherwlse be able
to loln or remaln at the School.
All 8trfs are e￿COur96ed to become Involved In charitsble work and th¢ Yxth Forrn ar• requlred to ¢aTry Ollt communlty
servlce In the locallty Bs part of thelr educallon whllst at the School. for example wlth A#e UK or *oodbank FrId1￿. or
partlclpatlng In a reading prolectwith è local stste school or In ovi own Junlor SGhotsl. Many £lrls also carry out ch8ritsble
work and tommunlty serv1¢¢ throvgh the Puke of Edlnbur8h Award Scheme,
Gront MaklnB Pollcy
The value ol bursarle% scholarshlps and d55counts mode to the School'j pup115 In 2023n4 was E024.62612022n&,
£748,6671.These bwards support the School'5 pollcy to widen acces¥ ertcouraoe tslented puplls and to rèlleve hord$hlp
where exisiina puplls, educBilon and future prospects would otheTh￿Se be at rtsk. The lots1 value of all these awards
rewesents ￿artY 7% of the gross fee Incoft* wlth thè value of w*an5-te5*d bvrMrl¢s represenUnB 5.7% of 8ross lee
Incgme, whlch Is In Ilne wlth the School's Bursary Policy. Bursary awards can be for to 10096 of foes •nd additlonal
financlal 8sslstance 65 avallable for famllles avrarded D bursary wlth costs 01 educatlon81 school trlps muslc and publlc
examlnatlons. It Is the Goyernorg oblectlvè to su#oln ihese Ip¥e15 by maklnl addltlonal resources available frorn lund
ralsln8 actlvltles.
Pollry for SgttlngS•nlor Staff R8muneT4tlon
Pay levèls for new mefflber5 01 the SèThlor Manayment Team Ism are determlned by the Rernuner*lon Commlttce, o
sub<ommltt•* olthe Flnanc• Commrttee. The Remuneiauon Comrfttee also agreesany proposedchangesto SMT salarle
Intludln# the annuil pay award.
SIRATE61¢ REPORT
ob*(tI￿$ for thE Y•Br
Ovei the acaden￿£ year 2023.24, th• school pursued a number of Jtr•te81¢ oble¢ilve$ pround In)provln6 th• qtsaNty ol
ieichlng artd l¢arnln& w￿h a partlcular focus on Inclushe or adap￿* l••rnln& and d•vAtopln8 our use of dIgI￿1
technololly. In teims of pupll PErsonal devolopmen( a new emphasb5 vfds p14¢ed on the breadth of COdCLbrrlcufBf
opporttjnllles av•llable, whlle we a150 SQU8ht to Secure th* processesaround trlps and vlslts, Flnally, we worked toward5 a
proyamrrn olfacllltle5 Improvemen( culmlnatln8 In a number of k¢¥ projects conducted ovor th• summ•r 012024.
straleales ¢0 Athleue the Yearfs ObJ•rtlv¢s
A ￿V area IOT de￿lopMÈnt has been our Use of 5tafl profeMlonal development days to Improve slaff *novAedqe and
understandln8 In order lo be able io work tswards thè above objectives. Sessions ha￿ bÈen delivered by tjoth exlstlng
stall and outslde 5petlo11sts. A new A551stant Dlfector of Pa5tor81 Gire lolned the 5enlorM•n•&ement Team In September
2013, whose rern￿ both developlng the guallty of co<urrlcular pruvlslon and 5er¥lng Js the Senlor School's
Educallonal Vl$llS Co-ordlnator, Thls role In thejunlor Sthool is fulfllled ljy the Dlrectorof Junlor Sthool, and both 5talf have
underione the relevant tralnlni to tske on thls re5ponslblllty. The School 1150 embarked on a successful fundralslng
campal8n. V40Tkln8 In partnershlp wlth the PafeniTèocher As51Jc5aiion IPTAI, io support the r•furblshment wwrks carr
ovL
Operotlonol P•rformanie of the 5rhool
Thls year. Queen'sGate Senlor School averapFd 36911022.23: 367)puplls and luNIof School 8veraged 112 pup11512022-23'.
1261. Walunll Ilsts exlsi for a number of cohorts and Open Events ha¥e Increa5Ed In allendancè. p0￿c￿larIV In the Senlor
School. Appllcatlans at Il* have seen a slllnificani rlse, while we hove malntasnod or sli8htly In<reased on our appllcatlon
numbeis at oth¥r entry polnts.
Results at both A Level and GCSE wero ex¢ellent. At A levèl. 93% of grades awarded at A to C, wlth 27%at A•
ades. Al GCSE. 64% of the results were Éradetl A. to 7. Once agaln, the School p13ced arnone the top ten sthools In
the country lor our v)lue-4dded score$.

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMrrED BY GUARANTEE)
GOVERNORS, REPORT IINCORPORATIN6 THE STRATEGIC REPORT)
FOR ThIE YEAR ENDED 31 AUGIIST2024
On comple.don of thelr sI￿d￿5 ot Queen'sfjate all of tht Slxth Form who had aPpl￿dWIT• placed Bi HIBher Ed￿tatIon
Instlivtton5 elther In the UK or o¥èrsea4 most of whom were able to 5ecur• places at thelr Ilrst.cholce de5tlnatlon.
Unlvenltles chosen In¢ludqd Oxlord, Cambrld8•* a rany ol other Ruwll Gr¢up Instltuttons, a number of cr¢atSve
courses and us colleies. The charlty has thus achieved the year's objectivos In thls area: nwlntslnlng its hi8h atademlc
performance.
The school has coniinu•d to emphaslse thè bertefft of co.currlcular a¢ilvltl•s lor thé glrl< per$Dnal Je*lopmfrnt ano to
svpport positlve wellbeln8. Lunchyme clubslncluded 5uper%urrlcul8roptlon55uch as Robotlcs aub and the SchoolJoumaL
creative pursulu and actlvltles purelyde5t8ned to offer a fun dlverslon. Muslcal opportunldes Included an array of cholrs
and ensèmblas. whlla sport iemalns • real streneth, wtth a wlde-ran8lno currlculum offorln& as well as an outstandlnB
progrirnme of addl￿onal scllvldes. such as Fencln& Katats and Kkk.Boxlni. Dramètk performancès In¢lud¥d * Senlor
Sthool exhlbltlon ol Shakesp•arean exlracts. 4nd the Junlor School perform•n¢e o188auty and the Beast LAMDA held
stron& wSth another year of excell&nt examSnat]on outromes. School trlp5 were • reBulaf flxtrJr•. both tn terms of local
vlslts to our nearby museums and the London theatrés and d8Stlnadons (urth#r afield. lftcludln8 a skl Irlp W Austria and a
urrl¢ular v151tto Croatla.
Ch&Titsble wjrk hès remalned a fvndampntsl fo•lufe of lffe at Queen's Gate, with our (ondnued Jupport ol several fonH"
tsrm partners. These Include hostln8 re8ular ￿551¢15 from ourlocal branch of Age UK lor lunch, collatSn8 reAulardonatloNs
for the Ken$In￿oN and Chelsea Foodbanl and partl¢lpa¥nB ID thè Klds for KldgChr151rn05 C•rol ConcerL
Th• Sthool Prqmlx•
Our PfemTses 8oalsthls year wereto undeitake thèrenovatlon of the KS3 iibr•ryond a glrls, wash1￿M In the SenlorSchooL
whlle pl?ns were Nnallsed forthe Inslallaiion of a new plry castlo In thB Junlor School outslde sp?Eo. In 4ddltlon. a number
of key areJ5 wefe redecoratrd, Includlng the Junlor khool Hall and the three hollway5 In the Senlor School. FInB1￿, new
glass Jecurlty doors wgr• Instslled * the very st•rt of the ocad•mlc ye•r to a number d our entrin¢e w4y>.
Volunteers
Parents helped wlth khool trlps ind lundr8151ng acllvlues durlng the year. bs well a5 offeilng career lrtterylews, work
experlence andolferlngthelr expertb5ethrough Wlder World tslks,. th¢ Governors would Ilke to take th15 QPPQrtunlty to sav
how mts¢h w¢ apprecl•te th•lr contlnuina and valuabte syppott for our Work.
151 Imp•¢tlon
In November 20Z4 thè School was do118h￿d ty host repreSent￿yeS from the Independent S¢hoo15 Inspectorate IISII. The
opportunlty to show off Bll th¥t n*kes ouf schoolso spec181 had been hotly awalted. Under the ISI fra￿￿ork In place slnte
2023, Schools no longer recelve overall lud8empnts. Aather, Inspèctors reporlon whether a schDol meets the expected I
st¥ndards in f￿tr key aiea5'.
l. Leadershlp and management And 8overnallce,
2. qu•llty of *du¢•tlon. trainlng and recreatlDn.
3. pvplls. physlcal and mental health #nd EmoVDnal wellbeln&
4. puplls, soclal and econom]¢ educatlon and contrlbutlon to 50clety* and
soleBvardlnB.
Queen's Gat• mèt 311 $tsndards and ware d•llllhted by thè rnyrlad of Pos￿1￿ tomments In our In5pectlon ieporL which
Include:
'Puplls are at the heart of leaders. declslo¥J maklffl
The S¢hool's vlslon Is'ambthius for evefypupll io dBvelop fully whatever thelr 5tsftln8 polnv
eachqis skllfully adapi lessons to the needs ol puplls and respgnd to thelr Interests and qu8stion
treachersthrou8ho￿ theschool use thely emtenslve sublectkfiowledgeto tsach v4ell.planned lessonswhlth Ènable
puplls to extend thelr knowledEe ?nd deepen thelf Unllerstsndln
'Relaiion5hlps between pupN5 and 5tsff are p051Yve acr055the School. Pupljs feel r•specthdand theyln turn reipect
each tsthe
teader5 have èstzblished o cul￿re and cutrlculum whlch fosters understandlng and celebrales dl¥eYslty.

QUEEN'S GATE SCHOOL ThUST LIMITED (LIMrfED BY GUARANTEEI
GOVERNOR5. REPORT (INCORPORATING THE STRATEGIC REPORT)
FOR THE YEAR ENDED 31 AUGUST2024
Gr055 feeslncieased by 35%tr) £11.88ml2022-23: £11.48ml reflectlnithe annuol feq Increase of 7.4% The School had
flnanclal 5urplusforthe yearof £489A38 IZ022-23: £50I3061-Thelncrease In totsl costs largely rellectsaddltlonal toachlnB
salary ¢osts, aFthouÉh an IncreasB expEndl￿re on the fdbrlc of the bulldings was also a fac￿￿. It bs the pollcy ol the
Governor5to contlnutto beBr down on cow whereverp05slblè, wh115t malntalnlnz and Ènhanclngth6 quality ol edutatlon
afforded to the puplls.
ReserwsPallr•
Over the ￿d[Urn temi It Is the pollcy of the Governors to build up reserves Its tover the Interesi and capitsl repayments
on the Barclays Bank loan rela￿n&t0 the bulldln8s housln4 the Junlor School at 125.126 Queen'sGale. as w?11 as to provlde
fund5 for the luture development of the khool. The Increase In resefves 01 £489A38 duTlnE the ye4T Is Ir• Ilne wlth thls
pollcy.
Investment Perlormanw lylnst Obhrtlv•i
The Ch•rlty'S fundswhlch Bre not requlredfor Its opei8llon In the short term are held on deposli vthih the bank or Invested
In shori ittrm tre4Jury d•p05its. Irn 2023.24. Sncom? 01 £264k w45 8Èner¥ted from IL8 cajh fèser¥es durlnl thls perlod of
hwer Intsrest r•te%
Fundr4liln8 P4rfwmanc•
In 2023124 £63,89612022J23 É20,4991wis ra15ed for the School from donatlons. Thls Includèd dDnallons to the Q4teen's
Gate Fotsnd8tlon. as well as fvnd5 ralsed by the PTA IhrouRh a nurnber of events run by them durlni the year. The
8enerosty, enthu51￿M and commltTh*rnt amtsna the parofflf body and 4lumnoe re.maln hl8h and the level of donatlons 15
expected ￿ hold up w*ll,
f*overnors are responslble lor the m•noRemenl ol rljks faced by the School #nd hav8 a rlsk mana8ornent 5trate8y whlch
comprljes..
Ae8ul•r revlew of the prlnclpal rlsks and uhtertalntles that the School faces,
the establl3hment of polltles, systems and ptocedur•s to mltlyte those rlsks Identlflèd, and
the Implementstlon of procedures desl8ned ￿ mlnlmlse or mènage any potonual lrnpatt on the School, should
thos• rlsk5 materlalbe.
Oelall?d conslderallon ol sp¢<lflc rlsks15 delegated to Ihe SMT. Thè Schoofs Rlsk ReN45tsr r•cordsthe r15ks that have beén
Identlflttd and assesaed. together wkh the cofitrols putln place to fflltl8ate these rlsks.
The Rlsk RepJster 55 revlewedannualty bythe Full Governln88odyi and chan8es made as ne¢essary, Each Commltt•e of the
eoèrd also revlews those ilsks relevanl to Its lrea ol responslblllty at each Committee me¢lln& The koy controlj used by
Ihe CharSty Inelude:
lornwl agendas fc* all committee and Board attlvlty,
comprehenslve styateglc plannln& bvd8eVThB and management accouniin&
establlshed organls•tJonal struewre and Ilnes of reportlng;
fofmal wrltten poll¢les and procedures In¢ludlfi8 safe6￿•(dIn8- and
£loar authorlsatlon and 4pproval lev•l$.
Throu8h the fisk miDJAoment pr*xeMe3 tstabllshed lor the School, Ihe Govefnors ire sstlsfted that the major r15k5
Identifted have been adequately mlttoated where necessary. tt Is reco8nlsed that systems can onty provlde reasonable but
not absolute assurance that risks have beèn adèquately mana8ed,
Th8 Governors have Identlned the follo￿nE rlsks 8s n￿d1￿M to high rlsk5 lor the forthcomlne year and bey(¥nd-

QUEEN'S GATE SCHOOL TRUST LIMITED ILIMITED BY GUARANTEE)
GOVERNORS, REPORT (INCORPORATING THE STRATEGIC REpoKr)
FOR THE YEAR ENDED 31 AUGusf2014
FIftarnd￿ Rls
The rerrx)¥al ol the VAT exempiton on Independentxhool fees from Jantjary 2025, followed by the Hbolillon of bu51n¢ss
rates rellef the Increase In Employees Natlonal Insurance fontrlbutlofts from ApTII 2025 all present a wtentlal threat
to future pup51 numbtr$ and the oblllty of the School to 8eneraie a surplus lor future Inve5tmeTht need$. and to meet the
tsrms of the bank coveTranL
Credlt rlsK whkh 1$ rnDd•rats due to the Intsrn•llDnal oalure of our ¢¢mmunbty, Is mlugatsd by the Introducuon ol a more
iobus¢ well-deftned pr¢xedure lorthe ¢ollertJonol all debts. Where the collectlon ol debts rernèlns Pfoblem•lk. thèseare
referred to a debt collectton aiencyto recover on our behalf.
Other Iinanc5al flsks Include futuré changes w Employer conlrlbtstlons Into the Teachèrs Penslon khem?, 4 that has
been m111￿ted by ¢loslnÉ entry lo the xheTh¢ to new￿}nerS slncé S•ptsmber 2023.
In*rest rate rlsk has boen m5nlmised lollowlns theli¥ln8of the Intore$t rjte onlho tèrm loan. piuvhjirf￿cérlllTrty on firtvre
repaynRnts to be factored Intofflnancknl pl8nnln&
The Trwnltsirln8 01 theie rlsks 1$ the responslblllty vf ihe Flnance Commbttee.
R•pul4tlon•l ond Compllaftr• Rlths
Governorsand staff ale all avjare of the polEnUal Impact on the School'sfeputstlon olan adverse PA event. The School has
r¢bugt pollclesi proceduTe$and piocesses In plgc* tts #nsure compllance In the wldest sense. Safeguording and hèallh and
5Df*ty are fundarnentsl to the khool'g operatlon. and the welfare ot puplls and smfi Is of utmost ImpDrtan¢e, There arè
omlnated Bo¥ernoT5wIth fespon51blllty lor over518ht of SafeBuardin¢ and Health and Safety. The S¢haol provldes reBular
tralnlno ￿ stsff on (Dmpliante matter5. Includlng the m3na8emeni ofdots and avoldanco ofdats protecuon breaches.
Poor pèrlormance and 4eademl¢ rèsults wlll olw have ofi Impact on the rgputstlon oftho 5¢hool. The Eduritlon Commlttee
contlftues to ftwnltor 8ftd supportthe School to contlnue to dellverexcellent results.
The Gov•rnors have Identhled the followln8 keyoblectlves whlch form the ¢Ofe ol tho ¢¥rrenl Slrateolc plan:
Gowernono. L•aderihlp 4nd Manwm*nl
To ensure that Queen's Gate ha5 erfe¢twe lead•rshlp and Management ai ill level$ and thal 5ul>ble •nd t)naoln4 Ifdlnln
and opptsrtunltles for develtspment ar* priwlded.uwell 8$ suctesslon plannlni.
Slafflng
Queen's Gate ¥AII to Invest In •nd •d¥ante a tslenled, w•ll.gualifled and cornmltt£d stafi, both tsachlng and
operations Stall.
Atademk
For manv vears. Qu¢en'$ Gate has beert respected fvr academlc results achleved In g nurturlng en¥lronrnÈnt vthere
confidence Isbullt and a Ilfelons I￿e01 learnlngls In5plred. Insplred byourtr¥dltton$, wewlll COn￿n￿et0 ¢)fferan *xcellgbrt
acèdemlc programme lor all our Elr15 pieparing themon all levÈ15 lo be effectlvt and ￿0ba[ClI11ens,
Pastoral
Insplred by Its tradltlon of excellent pastoral care, Queen's Gale will conllnuÈ to dev&lop its wovlslon to ensure that 8Srls
feel valued jnd supported and develop Into conndent young women. rea(ty to becorne respon51blÈ tlvzens In thÈ world.
Tethnolooy
We ¥ecoBnlse the Importance of technology today and for the foreseeable future. Queen'5 Gale will ¢1)nllnue to UPBrade
Ind expgnd Its technolts8y w •nsurg thpt iho ¢urrkular and adrnlnlstraUve 8oals ol the 5rhool are meL

QU EEN'S GATE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE
GOVERNORS. REPORT IINCORPOIIATING ThE STRATE61C REpoKr)
R THE YEAR ENDED 31 AUG115T2024
Adffilsslons
Queen'sGate ￿11 conllnue to bulld and malntsln Its enrolment at all levels. Its Intoke wlll tontlnue to Tellect and benefit
from the rlchnèss ènd dlvèrslty ol Its fornrnunlty by adrnlttlnE puplls wtth 8 byoad ran8e of b•ck8round5. talents and
Interests bui who share • iommon Boal of commltmont to learffilna In all its form$.
E¥irwI￿knr Attl¥lll•J
Queen'sGaie Tec￿[9t5the Importsnce of•xtra<urrlcular opportunltles In enhanclngthe edLtcatlonal experlenco Itolfers
amd v4tN Continue to provide ¥n ex<eUenK well4ellned fang• of clubs. trlps and oth•r opportunltles.
Fociiiitss
aueen'sGats wlll coffltlnue to olferBn eryvlronment whl¢h b well rn81niJlned aftd provldessultsble lacilltles commensurate
vlth the hlth callbre of tho a¢ademlt provislon ond of the commuhlty. The Schoolvjlll cofttlnue to rt￿r￿re its bulldln85, to
use thom affec1￿ety to provlde the necessary lacllltlts lor 4 21rt centuiyedtscatlorn whllst malntalrtlThi thelr ele4ance Ind
Char
Flnand41 M*tgrs
queen'$Gate ￿11 contlnue to stren8thBn artd analyse its financlal re$oufc•5 and #ftsure that these are manioed •ffecll¥¢
to cvarantee the School's lon% term financlal stsblltty. thus enablinl the School to fulfll the goals of thls and subse4u?nl
ftr8tsdt plans,
AhThrffjè Relatlons
Queen's Gate wlll alm ty develop relallons with 115 plvmn8* throvBh Improved tommunlcèuon and the oryrtlsatlon of
ev¢ntJand to ensure that frjimer puplls are fully oware of ihelr value to the SchoDI communlty.
Oirtr••th lotho Comrnunlty
Queen's Gate r•coanlses the need to work wilh It5 cornmunlty Ind VAII ¢onUnue to fosi•r both Indivklu41 •nd collect￿?
¢esponslblllty for the en¥lronrrtent by Incorpor4tlnE suglJlnablllty pra¢￿¢t$ Inta ts?rhlnA and practlce. Our Outrea¢h
pro8r8rDrne ha$ begn developgd to harne55 the OPPOftunltles lor partnèrships In our local communlty. The school wlshos
to proThb)te Itself as an Incluslve ond dlveise Commun￿¥,
AUDITORS
Dlsdosure ollrtftyrmètlon lo the al￿1t019
Each of the kn•rnors has connrmed that th•Te Is no Informatlort ￿ whkh they are aware whlrh Is relevanr to the
bul vfwhl¢h thtr audbtor15 vnawar*. Ihey have fvrther ¢onfirmod thot they have tsken approprlaté rteps to Identlly such
felevant Inlormatlon and to •stibllsh that ihe budltors #re •Wdre ot $uch Inforry•tJon.
Re•ppolntrn•m
A res01￿1￿n proposlnB thai fcGroup be reappolnled audi￿r) ol the Ch¥rlty wlll be put to the members,
Approved by the Board DI Governois ol Queen'sGale School on 20 Mar¢h 202 5 and signedon Its behalf by..
rs Relca GrBy
(haliman ol Governors

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMITED BYGUARANTEE)
STATEMENT OF GOVERNORS, RESPONSIBILITIES
Ihe Governors. who ar¢ 4lsothe dlrectorsfor the purposesof company law. arerexponsible lor pr¢pailn8the Governors,
R¢port lincludSn8 the Strate&r Report) and the fffianclal statèmènts In •ccordance wlth applcabl& law and Unlted
Klnadom Arcotsnlin8 Stsndards Iljnlted KlnBdom Generalty AcceptedAccountlna Pra¢iice). Includin8 Flnanclal Reporllng
Standard 102'The Flnanclal Re￿rtIn8 Slandard In the UK and Aepubllc of Ir¢lond'.
Company law regulres the Govefnor3to wepare financ￿1 ststsments lor each ffinan¢l•l year ¥knl¢h Élv• a true and falr
vlew of the affalrs olthé tharbble company and of the In¢omlnB resourc•i and applFtatlon of resource*. Includlnm the
Income Ind expendtfvre. olthe charltsble company lor that year.
In prépaTlng these fiD?nclal ststsmnts th# Governors are r•qulied to:
select $ultsbl• a¢¢ounthi8 poll¢les ond apply them conslstentlvi
byjrvo the method5 and wlnclplesoftho Charittes. SORP:
mile lud8ernents and ¢stlmat4s that are reasonable and prudent JTrd
prépare thÈ fftnancljl ststernents ort the EolnB concern basls unless It Is In4pproprlate to presume that the
¢harltsble company ¥AII not¢ontlnue In oporallon.
The Governors ore responslble for l¢eeplnB adequa￿ accountlnB records thai dlstlost wlth reasonable accuracy ot any
me the flnanclal posttlon of ihe charitsble rompany ind enable them to ensure that the accounts comply wlth the
Compantes Act2006.Theyare ilso responslble farg4feouardln8tlte assets afthe charitsble company ind hencefortakin8
reasongblq st•ps for th• prèv•niion and dete¢tion of fr•ud and other Irre8ul¥rltlos.

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS
We have audited the financial statements of Queen's Gate School Trust Limited for the year ended 31 August 2024. The
financial reporting framework that has been applied in their preparation is applicable law and United Klngdom Accounting
Standards, including Financial Reporting Standard 102 The Financlol Reporting Stt7ndord opplicable in the UK ond Republic of
Ireland Iunited Kingdom Generally Accepted Accounting Practice).
In our oplnion the financial statement5'.
Ive a true and falr vlew of the state of the charitable company's affair5 a5 at 31 August 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended.
have been properly prepared in accordance with United Klngdom Generally Accepted Accounting Practlce.. and
have been prepared in accordance with the requlrements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditin8 (UK} IISAS IUKII and applicable law.
Our responsibllltles under those Standards are further descrSbed 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 wlth the
ethlcal requlrements that are relevant to our audlt of the financlal statements In the UK, Including the FRC'5 Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evSdence we have obtalned Is sufficlent and approprlate to provlde a basls for our oplnlon.
Con¢luslons relatlng to golng concern
We have nothin8 to report in respect of the followlnB matters in relation to whlch the ISAS IUKI requlre us to report to
vou where..
the Governors, use of the golng concern bas15 of accountlng In the preparatSon of the flnancial statements Is
not approprlate. or
the Governor5 have not dlsclosed in the financlal statements any Identlfled material uncertalntles that mav
cast slgnificant doubt about the charltable company's ability to continue to adopt the going concern basls of
accounting for a period of at least twelve months from the date when the financial statement5 are authori5ed
for issue.
Other Informatlon
The Governors are responsible for the other information. The other information comprises the information Included In
the Governors, Annual Report, other than the financlal statements and our Auditor's Report thereon. Our opinlon 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 informatSon and, In doln8
so, conslder whether the other informatlon Is materially inconsistent wlth the financial statements or our knowledge
obtained In the audit or otherwise appears to be materially misstated. If we identify such materlal Inconslstencles or
apparent material mlsstatement5, we are required to determine whether there is a materlal mi55taternent 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 mlsstatement of this other information, we are requlred to report that fact.
We have nothing to report in this regard.
io

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMITED BYGUARANTEE)
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS
Oplnlons on other matter5 prescrlbed by the Companles Art 2006
In our opinion, based on the work undertaken in the course of the audit:
the information 8iven in the Governors, Report Ilncorporating the Strategic Report) for the financial year for which
the financial statements are Prepared Is consistent with the financial statements; and
the Governors, Report (incorporating the Strategic Report) has been prepared in accordance wlth appllcable legal
requirements.
Matters on whlch we are requlred to report by emceptlon
In the Ilght of our knowled8e and understandin8 of the charitable company and its environment obtained in the course of the
audit, we have not identified material mlsstatements In Governors, Report (incorporating the Strateglc Report).
We have nothing to report In respect of the following matter5 in relation to whlch the Companles Act 2006 requires us to
report to you If. In our oplnlon..
adequate accounting records have not been kept. or returns adequate for our audit have not been received from
branches not Vi51ted by us,, or
the financial statements are not In agreement wlth the accountin8 records and returns; or
certaln disclosures of dlrectors, remuneratlon specified by law are not made,. or
we have not received all the information and explanations we require for our audlt.
Responslbllltles of Governors
As explained more fully in the Governors, responsibilities statement. the Governor5 (who are also the dlrectors of the
charitable company for the purposes of company lawl are responslble for the preparatlon of the financlal statements and for
being satisfied that they glve a true and fair view. and for such internal control as the Governors determine Is necessary to
enable the preparation of financial statements that are free from material mis5taternent, whether due to fraud or error.
In preparSng the financial 5tatementS, the Governors are responslble for assessin8 the charitable company's ablllty I'o contlnue
a5 a 80ing concern, dlscloslng, as appllcable. matters related to 80in8 concern and uslng the golng concern basls of accountln8
unless the governors either Intend to liquldate the charitable company or to cease operations. or have no realistic alternative
but to do so,
Audliorfs responslbllltles for the audlt of the flnanclal statements
Our objectlves are to obtaln 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 hlgh level of assurance. but Is not a 8uarantee that an audll conducted In accordance wlth ISAS IU Kl wlll always detect a
material misstatement when it exists. Misstatements can arlse from fraud or error and are considered materlal If. individuallv
or in the aggregate, they could reasonably be expected to influence the economlc declslons of users taken on the basls of
these financial statements.
A further descriptlon of our responsibilities for the audit of the flnanclal statement5 Is located on the Financial Reporting
Council's webslte at.. https.'l/www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
Extent to whlch the audlt was con51dered capable of detectlng Irregularltles, In¢ludSng fraud
The objectives of our audit, in respect to fraud, are: to identify and asse55 the risks of material misstatement of the financial
statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement
due to fraud, throu8h deslgning 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 mana8ement.
li

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS
Our approach was as follows:
We Identlfled areas of laws and re8ulatlons that could reasonably be expected to have a material effect on the
financial statements from our Eeneral sector experience, and through discussion with the Governors, and other
management las required by auditing standardsl, and discussed with the Governors, and other management the
policies and procedures regarding compllance with law5 and regulations Isee below);
We identified the following areas as those most likely to have such an effect.. health and safety. General Data
Protectlon Regulation IGDPRI. fraud; bribery and corruptlon, School Inspectlons, keeping children safe In education
Istalutory guidance), D8S checks and employment law. Auditlng standards limit the requlred audit procedures to
Identlfy non-compliance wlth these laws and regulations to enqulry of the Governors and other management and
Inspection of regulatory and legal correspondence, if any. The identified actual or suspected non-compliance was
not sufficiently slgnificant to our audit to result in our response belng identlfied as a key audlt matter.
We consldered the lo8al and regulatory frameworks directly applicable to the financial statements reportine
framework IFRS 102, the Companies Act 2006 and the Charitles Act 2UIII ahd rhe relevanl l¢lX Luiiipllaiice
regulatlons in the UK..
We considered the nature of the charitable company's operations, the control environment and flnanclal
performance.
We communicated Identified laws and regulations throughout our team and remalned alert to any indications of
non-compliance throughout the audlt,.
We consldered ihe procedure5 and controls that the charitable company has established to address risks Identified,
or that otherwise prevent, deter and detect fraud; and how senlor mana8ement monltors those programmes and
controls.
Based on this understanding we deslgned our audit procedure5 to identify non-compliance with such laws and regulations.
Where the risk was considered to be hi8her, we performed audit procedures to address each identified fraud rlsk. These
procedures Included: te5tln8 manual journals. reviewing the flnanclal slatement disclosures and testing to supportin8
documentation,. performlng analytlcal piocedures,. and enquiring of management, and were designed to provide reasonable
assurance that the flnanclal statements were free frorn fraud or error.
Owlng to the Inherent Ilmltatlons of an audlt, there Is an unavoldable r15k 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 audltlng standard5. For example, the further removed non-compllance wlth laws and re8ulatlons Ilrregularitieslls from
the event5 and transactions reflected In the financial statement5, the less likely the Inherently limited procedures required by
audltln8 standards would Identify it. The rlsk Is also greater regardlng irregularltles occurrln8 due to fraud rather than error,
as fraud Involves Intentional ¢oncealment, for8ery. collusion, omis5i0n or misrepresentation. We are not responsible for
preventin8 non-compllance and cannot be expected to detect non-compllance wlth all laws and regulations.
Use of our report
Thls report is made solely to the charltable company's members, a5 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 compan￿5 members those
matters we are required to state to them in an Audltorfs 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 companws
members as a body, for our audit work, for thi5 report, or for the opinlons we have formed.
Mark
Senior Statutory Auditor
For and on behalf of TC Group
Statutory Auditor
Office.. Steynln
Date..
c4roAP
um
est
ussex
12

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMrrED BYGUARANTEE)
STATEMENT OF FINANCIAL AcfiviTIES IINCLUDING THE INCOME AND EXPENDIFURE ACCOUNn
R?R THE YEAR ENDED 31 AUGUST2024
Kot•s
Unr•stfltt•
nds
R•stfldqd
nds
TO1￿ 1024
Toto12023
INCOME FROfvi'
DonatJon5 and lepcl•s
Inve5tff*nts
Charitsble actlvlths
Other Income
Totsl Income
S3￿96
263,994
I1￿16977
21945
11.166.812
63A96
263J94
11016.977
21,945
12,166*XI
20,499
164355
11,491,157
3,225
11.679.236
EXPtNDITURE ON:
ft4lJln8 funds
Charltsble a¢￿IlIeS
TOto1 e¥pendirur•
3,126
11,167.804
11,170.930
11.676,974
11.676,974
11,616AY4
11fi76974
N•t Inome Dnd movement In
nds
489038
489158
508.3Q6
Fund balances broughi foiwar
8,70S.698
163x145
8W68.74J
8360,437
Fund balantss Nl ￿rrIed lonvard
19
9.195.536
163Jt4S
9a58,$81
8J68.743
All Incor￿ •nd 8alns lor lh* y•ir are roco8nlsed above. All(rfthfj School'$ actlvhles arg ¢laJs•d as cohilnu5n8.
The Stslew*nt ol Flnanclal AtUvlUe5 1lx> complles the requlremonts for an Income and expendltwe account under
the Companle$ Act 2006,

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
BALANCE SHEET
AS A T 91 AUGusf2024
2024
20Z3
Not•x
SIXEO ASSETS
Tan8Sble •ssets
12J78A60
12,332324
aiRRfNT ASSEIS
Oebtors
Cwh at bank 4nd In hand
13
666,594
6A91I12
7,159A06
362,897
5211.238
5574,135
CURRENT LIABILMES
Cfedltofs du¢ wlthln one year
14
(S￿31￿76}
14,400.7401
NEf CURIIEvif ￿Er5
JJ25,530
1,173.39S
rAI ASSEfs LUS aiRRENY
IIAOlilmES
13,704M90
13,505,7L9
LONGIEIIM IIAQILIIIES
Credliors due &fteT one year
Is
14345,S091
14,636,976)
9358,$81
8,868,743
REPRESfN7FD BY:
19
16JWS
163.045
UNRESIRICIED FUNDS
Gener81 funds
Ueslgnaled fvnd5
19
9JJ64h49
I30￿17
8.679.554
26,144
9,195,536
8.705,698
935BA81
8￿68.743
Th* 8ccounts were approved by the Board, Ind s18ned on thelr behlf on 10 Mafch 1025 by:
Mrs Relc4 Grav
Mr ￿t*￿TrUethan
14

QUEEN'S GATE SCHOOL TRUST LIMITED ILIMITED BY GUARANTEE)
CASH FLOW STATEMENT
FOR THE YEAR EAIDED 31 AUGUST2024
2024
2023
C•yh flowg Irom opèrat1￿ Attlvitlo
Ilet Intome for I￿vaar
AdJuslment$ft*r.
Depre¢l￿10n chir8es
Dlvldend4 lrtterest¥nd rents from Invesbmen
IlrKrease) l Decrease in debtors
Increase In Cfèdllors
Ntt ¢ash provlded by gp¢rtlns *l¥kl¢i
489138
508,306
440A67
1285339)
1303ffi971
IN33,914
431214
{164J551
100,005
224.267
13
1,774193
1,099,437
C•¥h Ilows from Invostlng ¥rtl¥ltlo$
Dl*Adends, Inlerertand ronts from Investmvnts
Sale ol (an8lble rimed assets
Purchase ofian￿ble nxad assets
Nel us¢d In Mvestlng •rtlvltlei
285P39
9031
14951341
164,355
12
{238.0141
1100￿611
173,6591
Cwh ftowi from Iln8ndnK actlvllfos..
Repayments ol bank loan
Noi r&h used In IlnandnB ¥tMtles
1293255)
1553.232)
1293,255)
1553,Z321
(Thanp In ush ind (ash e4ulval•nls In the ye
C45h •nd agh e4ul¥alents at the beqlnnlng ol th• y•or
tash and cash equlvalenls * th& end of tho
veor
An•Ws ol wh irtd e4sh •qulv4f•nts
Cash at bank and In hand
Totsl cash and cash equlvalents
1380,S74
5211238
472546
4.738.692
61191112
5,211,238
6A9J*12
0191*12
5 211,238
5.211,238

QU EEN'S GATE SCHOOL TRUST IIMITEP (LIMrrED BY GUARANTÉE)
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 AUGllSf2024
STATUTORY INFORMATION
The School Is a fharltsble cornpany* Ilmsted by £ugrantee, re8lstered In England amd Wales The feBlstrred
ollke, tompany number and charlty number are daia51gd In the Le￿1 and AOmlnlstra￿v¢ Informatyon.
ACCOVNIING POLIOES
1,1 wls olprQpar￿1oTr
The fSn3nclal siatements h•ve been prepared under the Compèrtles Act 2006 artd In ac¢or(lance wlth the
Cha¥lll85' Statprnent of Rècommended Pfaetrcè ISORP IFRSIOI)) and Flnanclal RaporUnB sundard 102.
Inltlalty f*eognls•d at cost or transKtIotb value ￿￿1@95 Other￿lSe Jiated In the felevant accountlni polSry.
thère are no miterlil uncertain￿e$ aboui the School's abllity to <onllnue as • golni concern.
After r*vlevAnB the School's fore¢4sts and prolectlon5. the Govemors have a rea50nabl4 empectatlon that the
School has adequate re50ur¢es to contlnue In opeiatlonal ¢xlsl8nce for the fore5ceoble future. The School
therefor• coDtlnuei to adopi ih• 8oln4 conc•rn bisls In preparlng Its nnanclal *atpmp.nis.
The flnanclal ststemonts ore prepared In sterlln& whlch Is the functlonol ¢urrency of lh• Charltablo cornpJnv.
Monetsry Nmounts Inthos• ftnaDclal stsiemènts 8ra rounded to the nearest pound,
2.2 In¢fjm¢
Fots$ rccolvuble and char8es for sorvl¢o& 19$$ Iny allowan¢¢s. scholafshlps and 6uriories 8ranted ￿ the S¢hool
a8Jlnst thom le*s ar4 accounted fw In the perlod In which the ser¥lGe Is provided. Wher* f•ei ore rqcelvfjd
for a futuie servlce prlod thèy ar• Included In deferi*d In¢on*, IncludlnB those prepald fof the forthcomlnÈ
tcademlc yeir.
Invostmeni Incomg Is 8ccounted lor on an ¥ccrvals ba$l$.
Donatlons, le￿(re5. Brants and othef voluntsry Incorne are arrount•d for as and when eniiilenwnt irlses ihe
amounl tan be rellably masurèd and the •¢onomlc ben•ftt ts consldered prob•bl•.
Whefll 0 donor or an appeal hBs Imposed iestrl¢Uons the Incofflè Is creditsd to a re5trlcted fund.
oiher Incomelother tradlng Income Is accounted for on an a¢¢fuals ￿575.
2.8 EMpvndhwr¢
Expendlture Is accounted lor on an atcruals bas1& wlth Irrecoverable VAT Included wllh the Item to whlch It
relaies.
Go¥errban¢e Costs Include tlrose costs 4350clated wilh meet5ng the constltutlonal and itstutory requlren*nts of
the chHrMy and Include Ihe audlt fee5 and cosE5 Ilnked ￿ the 5troteBlc mana8emÈni of the charlty,
All c05ts are allocated be￿￿efi èxpendlture cate8ori•s and depertmeffits on a basls desluned ￿ feftecttho uxè ol
the r•so(Jrce. Costs felatyrnB to a partlcular actfvlty are allocated dSre¢tly.
16

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEO)
R?R THE YEAR EIVDED31 AUGusf2024
AC£OUNmllG POLICIES1(ontlnwd)
2A Tan2lblt fi¢ed thnd depredatlon
Tgnalble fixed assets other ihan ffeehgtdland arestaigd •t ¢ostles5 depreclatk>n. Depfeclatlon Is prowldedat rate5
cal¢ulatsd kn wrlte off the costless esUmat•d f¢$ldual value of exh asset over its eKpe¢thd us¢ful Iih as h)Ilo
Freehold land15llotdeyeclated
Freehold property
FIMture¥ fittin85 andequlpffofftt
Jrnpuier equlpment
2%stral8ht lin* leMcludln4 land of E4,25m)
15% reduclng balanca
20%str018ht Ilne
Capltal emp9nd￿￿1￿ Is ac£ountsd for on an accnmls basls wlth IrretoverdbleVATlncludod wlth the It•m 10 vthlch ft
relate& Mlnor Items ¢1 capltsl expendltyre of up to £l.000 are V￿Itten off to the Ststompnt of Flnanclal ActlvNes a5
Incurr•d,
2.5 lemln8 and hlre purthaso ¢4mrnltm•Tht¥
Aentals pald underoperaung loase5 Bre<h4iged wlnsi Income on • stral8ht IIDe ba5bo¥er the perfodof the le•s•.
2.6 Penslons
The m¥Sorlty of teachln8 stsff are mimbars ol the Te3Gh4rs' Pgnslon khemp (rpsi, ? deflned bÈn•fft schefty
admln15thr•d by ¢he Teachers'PenslonAo*ncy.Contrlbutlonstothe scheTh* aré char8edtotheStstefv*ntof Flnancl
AEllvlUe$ os they fall due. Thè Trs is an unfunded Khew*. Contrlbutlons on a'pay a5 you go, ba51J aro credlted tDII
Exchequ*r under airnngements 8o¥emed by the Superannuallon Act 1972. Actuarfal valuatlons afe Car￿ed out ￿ thp
Government 5 Actuary O•partment. Under the deflnltlons sel out In FR5 10? the IPS is 8 mults-employer pens*
scheme. The charlty Is vnable to Idenufy Its share of the undertylng Inotlonall assets and IIBbllltle5of the 3chen*.
A¢¢ordlnBly. under FR5 102 the scheme 15accounrod for •3 ff It were a deflned contrlbuoon schenw.
Thq char￿1750 contrlbutestotwo defined contrlbutlon schemè$ one for those teachus not In TP& and another f
non-tsachln8 wff.
2.7 Cuh •t b•nk ond In h•nd
Cash at bank ond In hartd In¢ludeJ ¢ash ond Jhori term hl8hty Ilquld Investments. The Governors seek to use short
nd rnpdlum term deposlts where p0$51ble lo nwxTrmlse the reiuyn on monles held¥t the and to manage cosh
Ilow.
2.8 Debtor•
Trgde jnd other debtors ¥e reco8nlzed al th* seW•rn•nt •mountdu•.
2.9 Cffjdltorn•nd Pfovtslonl
Credltorsand provlslons are recognlsedwhere the charlty has a preSeb)tob1￿tlQn resultln8 Irom a past e¥èntthat
wlll probably result In a trahsler of funds to • ihlrd party •nd the amount du¢ to setde the obli8JUon can be
measured or estimated rollobty,
1.10 Crftlcal attouniln8 •silmatesandJudgements
In the 8ppIIc8tlon ol thE ¢harlVs acrotsn￿￿1 poll¢l•s, the Governorsare r•qulred lo make lud8emonts. *rtlrth$
and èMumptlonJ abotst the carrWnBamount ofa5*ts and Ilabilitles th￿ arE notreadlly apparentfrom othersource
The estlrnates and assoclated a55umptlons are based on hlstorlcal exp#rlence and ￿hOr factors that araconsldered
to be relevant. Actual resuFts may dlfler fromth¢se esttmat$s.
The estlmates and underly5nga$5umplions are revlewedon 4n ongolng bosls. Revlslons to accountlngesWMkltes are
recoGnlsed In the perlod ID which the estlmate Is revlsed. The Govtrrnof5 dts ntst consider that there are any ¢ritlcal
esilmates orareas oflud6ement that needto be brouaht to the attentlun ofthe readersofthe flrtanclal ststements.
17

QUEEN'S GATE SCHOOL TRUST LIMITED ILIMtrED BY GUARANTEE)
NOTES TO THE FINANCIAL StATEMENTS (CONTINUED)
FOR THE YEAR ENDED31 AUGUST 2024
Ac￿UNTI￿IG POLICIES14irflnuod)
2.11 Fun418(¢6uhtln8
IhTrrestrlcted 8eneralfunds¢omprlse thr￿* fvnds whlch be ugedln 4ctordancè wlth the charitsble Dblects at the
dlscr*tiort of the G￿ernor9.
DeJl8nated ftsnd5 comprlse reserve5vthich have ljeen allocated by Governors. to be us•d lof a speclllc purpose.
Re5trlcted fijnds ère thosE lunds that (an onty be used for partlcular restricted purposes ln 8C¢Qtdan¢e wlth thi
wLshès of the donor or when funds ofe ratsed for pJrtlcular restrkted purpuses.
RNOVF
The turnovtf of thè School15 wholly aitrlbutsble to th* 0￿￿(ts01 tho Chirbty •5 5tat•d In th•. GoVernor%,R•r￿ltInd
ls•arned entlfety wlthln the VK.
NET INCOME
Thls Ts slated after chafgln8:
Tot
21J24
Total
2023
Deproclatlon
Auditor￿ reMunerattOD- audll seNlces
Audltor& remunoration- hon4udltseNlce$
440￿67
17,640
431,214
I6￿00
13,332
TA¥AnoN
The chaTltsble ¢ompJny13 reglstered as a charlty and 811 of Its Income 14115 vdlthln th8 exernptlons under Port 1101
th4 Corporatlon T8x Act 2010.
DONA710NS AND LtGAClfS
Unf•rt¢kt•d
Rgstrltt•d
Totol
1024
Totsl
2023
Donallons
63.896
63196
20A99
63.896
63,B96
20,499
Durlng theyear Governors nwde donauons to the school ihrouÈhvarlous evÈn15 and a¢tivittos. the nature ofwhl¢h
could noi bè qu4nilfted.
INCOME FROM INVESYMENYS
Unrestrlrtod
R•strlLt•d
Total
1014
Total
2023
Interest
263394
163,994
164,355
263,994
263994
164,355

QUEEN'S GATE SCHOOL TRUST LIMITED ILIMrfÉD BYGUAAANTEEI
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
IricoME FROM QIAIUTABLE ACIIVIIIES
2014
2023
Gross School lees
Less..
8ursorles schol•rshlp$ llnd dlscounts
Net School fee$
Add:
Re8$stra￿On feès
Exlra$ lrtcomè
11184.740
11,483A05
824,6261
Al￿60,114
t748￿67
lQ,734,638
59114
696949
4A35J
710.168
IIA16977
11.491,157
AWAIV$IS OF WENDITUAE
Staff (osts
oepr•dailon
oiher Losll
Tot81 Z024
Tmal 2023
Cost tsl valslnl lund$:
FundralslnB acllvllles
Totsl cost of ralslnl funds
3.126
3.126
CharR4ble èxpendltur•
Eth¢otlon
TeachlnB
Welfare
Premlse5
Support and 8overnance
Totsl charltsble expendKure
6.909.612
107,581
63,145
962.624
8.043.162
222.259
397*34
578.654
1336.297
880A60
3,193.245
7￿29,705
686235
1&17J5
1,143084
11,676J74
6.983.239
791.167
IAIOJ25
1373J)73
11.167A04
218.308
440,S67
Total eIt￿ndIt￿r¢
8JM3.162
440￿67
3,193.245
I1.676￿74
11,170.950
19

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMrrED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS IcopinNUEDI
FOR THE YEAR ENDED 31 AUGusf2024
ANAL¥515 OF EKPENDITUPE I(•ntIn￿
An•lysT4 01 support I￿•1￿0n￿ (05ts:
2024
2023
Auditors, remuneral￿n lor auditseivlces
Totsl governan¢e costs
16.800
16AOO
Support costs:
Avditors, remvneritlonlor nvn budit servlres
Le&al and professlonal lees felatJn8 to SUPPOrt
Support stafl vrd8e* llptlonal IrtSUTance and penslon
Loan Interest
Other $￿ppOrt cosu
13,606
89,764
951￿4
235231
524,019
13332
112,970
977051
314?91
538,129
1,845W84
1.973.073
XO STAFS C0515
The averaBe monthty h•ad counl was 112 staff12023., 113 staffj and the averall• monthly n￿rnber of full tlm
equfvJknt emplwes durln8 th¢ year was:
2014
2023
83
Teochln8
Premlses
Support
14
loo
li
97
The aw•aate payroll costs for tha yeirwere ¥$ lollows.,
2024
2013
W•Bos Ind salarles
Soclal securlty Costs
Penslon costs
6337.565
687.159
1,118,238
1143 162
5,845.707
610.453
1,069,340
7 525 500
None ol th8 Governor> receSved any leMunera￿On Of other benefits fiorn the S¢hool of any cofinectrd bodv.
Governorsexpen5e50f £NII12023: ÉNill weie reirnbursed thls year.
20

QUEEN'S GATE SCHOOL TRUST LIMITED (UMtrED BYGUARANTEEI
NOTES TO THE HNANCIAL STATEMENTS (CONTINUED)
FOR THE VEAR ENDED31 AUGiisf2024
10 STAFF COST5 1a>ntlnu•dl
stsff earnlnaln excessol £60,1)00 p•1 annum In the follo*ln8 bands are:
2024
Z023
Numbpr
£60JJOO- E69,999
É70AOO. £79.999
£80.000- £89,999
£100,000- £109.999
£120.OQQ- £129.999
13
Of the employees uthose enJ)luments exceed £60,000, 2612023.. 201 have redrement beneflts occrulnB tsnder
denned benEflts schemGs and 112023: 21has beneflts accrulngunder? deflnedcontribuuon Scheme. Conlrlbullon5
payable by the SchDoI to those schernes lor hiqher pald employees were..
2014
2023
Defined contyibutlon sch•mes
Dennèd benefits schemes
12J44
318,043
330 387
849468
The key m•n•ymint personnel 15MTI ol the kh¢ul orn detsiled In the Go￿rnor< R¢port and L*gal and
Admlnlstyatk¥e Infor+matlon, Ther• w•r• 10 omplDyees In the SMT dvrln8 the year Ilncreased from 6 In 20231.
2024
2023
fiu8re8ato employee benefits of key nYnaEernent personnel Ilncludlni
employevs nattonal InsuraTrce. employers penslon contrlbutlon5 and
Settlements lthe t•rmsol which are conndeniial)).
1,167W8
818I35
11 COMPARATIVE STATEMENTOF FINANCIAL AcriwnES-YEAR ENDED 31 AUGUST 2023
Unyèstrlttod
Restrlrted
funds
funds
Total 2023
INCOME FROM:
Donatlons and le8arlES
InVestr￿n1$
Charitable acuvltles
0th4r Incoffe
Totol Intome
5,112
164,355
IIA91,157
3.225
I1￿63.849
15,387
20,499
164355
11,491,157
3,225
11.679,236
15.387
EXPENDIWRE ON:
RalslDg fund$
Charbf4ble aGtlvltle$
•xpqndllure
3.126
Y,126
11,167.804
11.170930
11.167.804
11.167A04
3.126
Net In¢ome and net moverneni In funds
496￿45
12,261
508306
Fund balances brought forward
8,209,653
150,784
,360,437
Fund balances ot (arrled loiward
8.705.698
163.045
8A68,743
21

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMrrED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOA THE YEAR ENDED 31 AUGusf2024
J? TANGIBIE FIXED ASSITS
Fiuhold
Flxtures And
Total
Prnperty
Flttlfi
EqulpM*nt
Cost
At I Sèptsmber 2023
AddlilDns
15.173J39
203.529
999394
SS.91A
20,a531
1.034JS2
1,239.241
236,394
17AII?74
49SMa4
iOJ53)
17I87ASS
Dlsposals
At 31 2014
15A76A68
IA75h35
D•predatltsn
At 15eptember 2023
Charge loi the year
Ellmlna*d on dlsposal
At al Auaust 2024
3,446.244
218308
6B8,830
944,576
168,641
5,079,6SO
440￿6?
Ix
22
53,617
111,3221
Y31.12S
3ffi64552
I,iia318
5,508,895
Nwt baok¥8lu•
At 31 AuRu$t 2024
Al 31 Auoust 2013
11.71ZJ16
3OJI17
362A17
I2,$78￿60
310 564
A perltsdl¢ valuatlon OF the iotsl freehold property ¢)wned by the Schuol. c•rrled Out In No¥embor 2020 by Knlghl
Frank valued the propertleyDt É39 mllllon. The School doesn¢X adopt a fevaluaiion poll¢yand thls¥aluatlon vms not
Included lh¢ fi￿re$ abovq.
11 OEBTORS
2024
202>
Fee deblor3
Prepayments and accnjed Incon
Othor debtors
18,540
575.777
71.277
666.594
140.728
115,422
6,747
36?￿97
22

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 AUGusf2024
14 aEDITOR&, due wllhln one y•ar
2024
1023
Bank loan54nd overdf•ft5 <5ee noté 161
Trade creditors
Othèr etedltors
46JJ02
464190
221269
95.569
171A31
157A34
335080
708.294
2093hOZ
1,127,136
20141WJO
1,589N41
166860
157.976
32
76 4 400 740
A¢crua13 and def•rred Incon
Fees In ad￿nce
D*poslts
Other ttxes and stscljl 5ecurlty
Fees In ¥dvan¢¢ repre*nt £182,72712023: £1.227.136J lor laei recehed In Bdvanc• In relatlon to the Autumn
teim 2024, and E2,250,67512023: Énlll In Te3peci ol an arr&￿emen1 whlch enabltrd p4rÈnts ty pay fees lor the
lull 2024-25 ¥cademlc year In od¥ance.
15 CAEOITORS: #ft•i one y•
11124
2023
N)nk loans
4J4SA09
4,636,976
4$
119 4 636 976
16 OAMK LOAN5
2024
2023
B•nk lo?nJ are wholly repayable In Instalments •5 f¢llow5'.
Less thart ono year
In more than orte year but lessth#n years
In nx*re than two years but le5Sthan fi¥& y*ar5
In more than fl¥è years
463A02
489J16
464.890
495.741
1,690,917
2,450,318
5.101866
13OSJ66
The long-term loan of É4,808,6111s secured by a first lepl charge over part of the freehold propprty ofthe School.
Th* perlodof the loan Irom Oar¢l?ys Bank1$25years, repayments of the ¢opltg1 comm8n¢ed InJanuary2010. Intorest
on thè loan has beèn fixed at¥ rate 015A5X.

QU EEN'S GATE SCHOOL TRUST LIMITED (LIMrrED 8Y GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED ￿ AUGU5T2024
17 IbE*ISION COMMITMENts
The SchoolpartlclpJteJ Inthe Yea¢htrs'PenJlon SchemelTrhe TPS°I for the rfvilorlty ol Its tea¢hlnB Staff. The pen51on
char8e for the year In¢lude¥ contrIbu￿on5 Payab￿ to the TPS 01 £922A3612023- £988.4521 and at the ￿ar.eNd
£116￿68 (Z023- Ell9￿93) was accfued In reape¢t¢f contributlonsto thts scherne.
The TPS Is an unlunded multl-employer dellned benellts pertsion scheme Bo¥erned by The Teacherf Penslons
Re8ul*ions 2010 las ¥mÈndÈdl and The Tegcher< PerI￿an 5¢heme ReBulatlons 20141as amènded). Members
contrlbutè on a "pay aj yau go. basls wilh toniributlons from fflembefs and the efflployer beln8 creditsd to the
E¥choquer. Retlrément •nd oth¥r penslon benefftj •re pald by publk fMds provlded by Parlloffont.
Th• employer contrlbullun ratc Is sot by the Secr8tary of ststs folknwln8 xheme ¥aluatlons undertaken by the
Go¥ernmentAttuarfs D8partn*nL Therrn5t recentaciuafl#l valuaiion ol the TPS was prepared3sal 31 March 2020
and thè Valuation Report was publlshed In October 2023. Followlng the Mccloud lud8emenL ihe remed¥ pTop03ed
that vthÉn beneflts becornepayJble, è118ible members tan sel*ctto rÈtei¥e them fromelther the reformedor legacv
achemesfor ihe perk>d iApi112015 to31 March 2022.Theaciuafles have Ossumed that m*mbers are Ilkelyto ch005e
the optyon thai provld¢sth¢m with the 8reater benef￿, and in preparlTr8the 2020valuJtlDn ha$ valyed the 'Breat?r
¥alve' beneflts for 8roups of rÈlÈvant membars.
Th• •mployercontrlbutlon rate forthe TPS ts 28,694 and en)plDy•rsar• also r8qulr•dto pay a admlnlstratlon
lè¥yof O.08%8lvlng a tottl èmploy•r contrlbutlon Tpte of z8.68%.
Slnce sap￿rnber 2013.the khool hDs no lon8trr b•on enrolllf+8tea¢hln4 stsfl Trs. All new teachers Qfe enroltsd
Into a new Deflned Contributidn IDCI scheme admlnL8tered by Royal London. Exlstln8 teachers mty also move from
ITIS Intth thé new seheme at any dme. The School toniribu*SUP lo 20%1nlo the scheftw.butalsa offÈrsthe flèxlblllty
ol reducln8 the employerf$ ronlribulion to 12% or 5%, enabling staff to take up to 15% In additional Rross salarv.
Employèr tontrlbuljons to thls sche#* wÈre £114,462. and * yosr end E12,694 was lccrued In respect ol
conirlbullons due to thlj scheme,
The school also contribLrf05 to a OC scheme lor non-te•chln8 thff adinltiis*ied by The Penslon5 Trust. Employer
contrlbution rates are elther 5% or IO& oGcordlnB to senlorlty, Employer coThtributlons payable to the scheme wore
E81253, wilh £10,512 was accrued at ye?r end In respect of total rontrlbullons due tts thls 8chemÈ.
18 511ARE WIYAI ANDCOMIAOL
Th¥ charlty Is Ilmlted by guarantee and doe5 not have a share ¢apltsl. In the event of a wlndln# up eKh member
8uarantees to conirlbute an amouni of no mDre than £1.
24

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMITED 8YGUARANTEE)
NOTES TO THE HNANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGusf2024
19 SUMP•lARV OF FUND MOVEMENTS
E¥pen¥
Balance at
JI AuB2014
pt 2029
Unrèstrlded Iwds
General fvnds
De518nated fvnds
8￿79￿54
26,144
I2,166￿12 IIL675.9741
1104.7431
104,743
•￿84￿4>
IJOI87
11.166A12
11,676,974)
B•stik*ed funds
Qveen'g Gate Foundailon - Capitsl
Queen'j Ga¢¢ Foundatlon - BUT￿rIeS
47,961
1151184
163.045
47.961
115W84
163JJ45
Totsl fvnds
8168,743
12,166A12 IIJfi76J741
9J58A81
D¢Alan•tgd fvmll
Deslonated lund5 cpmprtse the remalnlnu aff&)unt of the leycylromMl$s Elk8bath de Le*{￿re¢01¥9d1n2OIG wknkh
was reducod by a iransler of funds to the Gtneral Fuhds equlvalent to the ¢osts ol the stèlned-8lass t￿ndOW
arnountln8 to £59.031 whkh were ¢apitsllsed In 2020 and 2021. Durlng Ihe year the GovernorSaelEÈd to transler
Into deslgnated ffund5 the unspeot balance ol the donatlon recelved ffom a loimer £overnor In 2022.
R•Jtrfrted
Restrictod funds Compflse donath>ns rerel¥ed ￿s5 expenses Incurred In relatlon to thè Queen's G3t• Foundatlon,
whlch was lounched 20D7 to ra15e lundJ for capltal projects •nd the pro¥lslon of bur5arles.
20 AAIAiVSIS oFN￿ ASSE15 BEnvEEN FIJNDS
Unrostrlcl•d
general
fvnds
R•siild•d
fvndj
Oosl8nated
funds
Total
Tan8lble Ilxed a35ets
Cufiftnt assets
Crèdltors: les5than one year
Credltors: o¥ar onè year
12,378,560
6.864.474
S,832￿76)
14.345,5091
IZA78A60
7.15BM6
(s￿32￿76)
4?45J091
9358
163M45
130.887
163
130
UnY•strTLted
¥enerJl
funds
Rostrlrted
lunds
DeslBnaLed
funds
TDIAI
Ton8lble fixed assets
Current 455et5
Credltors.. lessth2n one year
Credftors.. over one year
12,332,324
S.384,946
14.400.740)
14.636,9761
IIH31,324
S￿74,135
IqAoo,7401
4.636,976)
0 868 741
163,045
26.144
163

QUEEN'S GATE SCHOOL TRUST LIMITED (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAI STATEMENTS (COhlTINUED)
FOA ThIE YEAR ENDEO 31 AU6UST2024
21 R}LA1￿ PARIIES
The School has taken ¥d¥antsAe of the exempllons under th• Ch•rlttÈs' Stètsn*nt olRecomrn?nded Practlce ISORP
IFRS 1021) not to d15close seNlces provlded a voluntsry bas15 by Governor% contracts ol employment between
the School and its employee4 and ¢he repaymehi of 0￿*1-pOcket o¥penses where the Go¥erntsrs have a¢trd as
oient for the school.
Durln8 the year the school paid B1￿hl Lead Llmlled a sum 01£2,508 for the provlslon ol a coachlng pro8ramn* for
one membfir gf stalf. a company whlch 15 owned by one of the Governors. Thefe were no related ptriy transattlons
In 1023.
12 LFASE COMMIIMEWYS
At31 Au¥urt2024 tho ￿h0o1 had cornmlim•nts under non<8ncellabte operatln8 leag•sAJ follows:
2024
20Z3
Wlthln one year
fiett¥een one and fftve years
9.090
15.575
24,666
9,591
141121
26