Company No. 00420867
Registered in England
Charity No. 312762
ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT AND FINANCIAL STATEMENTS
31 AUGUST 2022

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2022
Contents
Page
Governors, Officers and Advisers
Annual Report of the Governors
Director5, Report
Strategic Report
Independent Audltor'5 Report
18
Consolidated Scatement OF Financial Activities
21
Consolidated Balance Sheet
22
School Balance Sheet
23
Consolidated Cashflow Statement
24
Notes to the Financial Statements
25

ST HELEN'S SCHOOL, NORTHWOOD
GOVERNORS. OFFICERS AND ADVISERS
YEAR ENDED 31 AUGUST 2022
GOVERNORS, DIRECTORS AND CHARITY TRUSTEES
The Governors of SL Helen's School, Northwood I'the School.? are the School'5 charity trustees under charity
law and the directors of the charitable company. The member5 of the Governing Body who served in office a5
Governors durlng the year and subsequently are detailed below.
{41
.'Mrs A Philipson {Chairl
ppointed 9 December 2013
Resigned 22 September 2022
ppointed 22 September 2022
Appointed 8 Decernber 2014
ppointed 8 December 2014
ppointed 10 December 2018
Resigned 10 May 2022
ppointed 10 December 2018
ilesigned 24 August 2022
ppointed 18 November 2022
ppointed 23 September 2022
ppointed 20 Novernber 2020
ppointed 8 December 2016
Resigned 8 October 2022
Appointed 24 October 2022
ointed 5 December 2011
Mr P Young (Chair)
Mrs M Bhandari
Mr N Boghani {Vice Chairl
Prof M Brown
".Ms D Chu
Ms S Davis
Ms A Espley
Ms G Goldrein
Dr S Gordon
tqs Z lanmohamed
is P Mongia
Mr V Saprn
r R Stroet
ppointed 8 December 2014
ppointed 5 October 2020
ppointed 10 December 2018
Resigned 21 March 2022
ppointed 10 December 2018
Resigned 20" February 2023
ppointed 6 Decernber 2010
Resigned 16 Septernber 2022
ppointed 4 April 2019
Resigned 6" january 2023
I C Taylor
Mrs L Tong
Mrs M Weeraselcera
Mrs M Wolff
{11 Finance and Estates Committee
111 Education Committee
13} Risli Committee
141 Human Resources Committee
Parent of pupil at the School
During the year the activities of the Goveming Body were carried out through four committees in addition to
termly Full Council meetings. The membership of these committees Is shown above for each Governor.
Page I

ST HELEN'S SCHOOL, NORTHWOOD
GOVERNORS, OFFICERS AND ADVISERS
YEAR ENDED 31 AUGUST 2022
OFFICERS
Headmlstress:
Mrs. Alice Luca5
Secretary:
Mrs. Maria Dimmock
Buslness Dlrector and Clerk to the
Governors:
Mrs. Maria Dimmock
Registered company number:
Reglstered charlty number:
Principal and Registered Office address:
00420867
312762
St Helen's School
Eastbury Road
Nor¢hwood
Middlesex
HA6 3AS
Banlcer5:
Barclay5 Bank plc
54 High S¢ree¢
Ruislip
Middlesex
HA4 7AT
Auditor:
Haysrnacintyre LLP
10 Queen Street Place
London
EC4R 1AG
Sollcitor5:
Veale Wasbrough Vtzards LLP
Narrow Quay House
Narrow Quay
Bristol
BS1 4QA
Website
*ww.sthelens.london
Page 2

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
The members of the St Helen's School, Norihwood Governing Council present their Annual Report for the year
ended 31" AugLJSt 2022 under the Charitie5 Act 2011 and the Comparnies Act 2006, thus including the Directors.
Repori and Strategic Report under the Companies 1006 Act. together with the audited fin2nci315tatements for
the year. The consolidated financial statements include the financial statements of St Helen's School, Northwood
and its subsidiary company, St Helen's Enterprises Limited.
DIRECTORS, REPORT
CONSTITUTION AND OBJECTS
St Helen's School was founded in 1899 and is registered with the Charity Comrni5sion under charity number
312762. The School's Governors. executive officers, addre55 and professional advisors are as listed on page 1.
The School is a company limited by guarantee and is governed by 1¢$ memorandum and articles of association
dated 4 October 1946 as amended by speci31 resolutions passed on 26 March 1996, 22 March 2004 and 30 June
2015.
Charltable Object5
The charity'5 objects a5 set out in its memorandum of association are to..
advance education in particular by (but not limited tol carrylng on at Northwood in the County of
Middlesex and elsewhere as may from time to time by the Ch2rity be thought fit, a day andlor boarding
school or college, or schools or colleges. and
advance religion through the provision for worship and instructyon in the Christ13n tradition and with
respect for all faiths, religions and religious diversity.
AIMS, OBJECTIVES AND ACTIVITIES
Alms and Intended Impact
In line wich its charitable objects. the School aims to..
provide each and every girl vvith the opportunity and means to achieve academic excellence by promoting
intellectual curiosity, excitement and ambition
provide pupils with the personal sl<ills, emotional resilience and confidence to achieve their full potential
through a varied, rich amd challenging co-curricular programme
know, value and respect all girls as individuals so as to best support them on their journey through the
School
ensure that the School, the girls. the staff and parents play a full and actiye part in the local, national and
global community
Our gr15 will be brave and true. ever intsllectually cUr￿)us. They will believe they can do anything. They will want to
expbre how they can best intrract with the world around them ard make a difference for the better in their own way.
They will be ready for whatsver the futu￿ bring5.
Page 3

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
Our wll..
be excited about thelr leamlng, always asklng the question 'whl',
be independent. adventurou5 and arnbitiou4
be the problem-solvetg and trailblazer5 for tomorrow,.
athys be 8uided by integrity and their own Strong moral princip￿5..
celebrats diversitr.
be compassw)nate towards themselves and others.
At the same time, the School aims to provsde facilitie5 and opportunities for the benefit of its local community.
The trustees confirm that they have had regard to the Charities Commission's guidance on public benefit when
reviewing its objectives and actiwties.
Objectives for the Year
The main objectives for the year were to..
Continue to provide a high level of education and maintaln a high level of achievernent throughout the
School through the ongoing enhancement of staff profession21 development and leadership qualitie5.
Enhance and broaden the co-curricular provision at all stages of the School, within the continuing
constraints of Covid 19.
Further develop the exceptional pastoral care provided to girls at the School.
Continue to inves¢ in the School's existing facilities through stable fee income and prudent management
OF projected surpluses.
Update the Estates Strategy to meet the needs of the School for the next 10 year5.
Increase the provision of bursaries to offer opportunities for girls who, without some financial assistance,
might not be able to tal<e up a place at St. Helen's.
Develop linl(s with local State primary schools to encourage them to tal(e advantage of the School's bursary
programme.
Develop links with local state schools to identify opportunitie5 for joint working and support. within the
continuing constraints of Covid 19.
GOVERNANCE AND MANAGEMENT
Governing Body
The charity is run by its trustees. who constitute the School'5 Council of Governors and are the directors for the
purposes of company law. Council is 5elf-appointing and may from time to time invite universitles land other
further education bodies} or professional bodie5 to notninate a Governor. Council may consisi of between five
and twenty Member5. Service on Council is for 2 term of three years and retiring governors can be re-elected
maximum of 3 time5 after an initial term of 3 years, to serve up to 12 years in total.
Page 4

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
Council talces its governance responsibilities seriously and, a5 a large charlty, aims ¢0 have a governance
frameworl¢ that is lit lor purpose, compliant and efficient. The Council has established a solid foundarion in
governance in which all trustees are clear about their roles and legal responsibilities. are committed to supporting
St Helen's to deliver it5 objects most effectively for the benefit of its beneficiaries and contribute to the School's
continued improvement.
Overall, the School's Council of Governors meets a very significan¢ proportion of the recommended and best
practice for governance contained within the Charity Governance Code (published july 20171 across the Code's
7 principle5 and are comfortable there are no signilicani area5 of review required. Arrangements will continue
to be monitored against the best practice principles contained withiTh the Code.
Recruitment and training of Governors
Governors are appointed a5 vacancies arise. New members of the Council of Governors are elected based on
nominations from the Governors and the executive officer5 and on the Candidates, professional qualiiie5,
experience, personal competence and availability. Candidates are Snterviewed and the suitability of candidare5 IS
discussed by Council before candidates are invited to join Council a$ appropriate.
New Governors are inducted into the worl(ings of the School. includrng Council policy and procedures. at an
Induction session specially organised for them by the Clerk to the Governors. The new Governors are also
invited to attend specialist external courses on the role and responsibilities of charity trustees and in School
training e.g., child protection and safeguarding delivered by Che Designated Safeguarding Lead.
As reqUI￿d, Governors attend external trusiee training and information courses designed to l<eep them informed
and updated on current issues in the sector and regulatory requirements.
Organisational management
The School Governors, as trustees of the charity and d¢rector5 of the company, are responsible for the overall
management and control of the School. Full Council meets formally once a term. The implernentation of
most of Council's decisions and policies is undertaken by committees, which meer tei'mly and report back at
each Council meeting. Committees are st3ffed by appropriate governor5, With regard ¢0 experience, expertise
and interest.
The Governors meet three times per year to review the strategy and performance of the School and co set
operating plans and budgets. The worlc of implementing their policies is carried out by four Committees..
The Finance and Estates Committee scrutinises revenue, budget, capital expenditure and progres5 against
the Estates Masterplan, building project5 and maintenance. This Committee a150 supervises and linalises
the audited financial stiltements and annual report for approval by the Council of Governors. The
Committee is chal￿d by Nadeem Boghani and meets once each term.
The Education Committee considers educational and pa5tornl pollty, co-curricular opporLunities 2nd the
role of IT in education. The Committee is chaired by Robin Street and meets once each term.
The Risk Committee monitors all strategic risl(s facing the School. The Committee is chaired by Michelle
Weerasel(era and rneet5 once each term.
The Human Resources Committee monitor5 all staff turnover. remunerztion tncluding pension benefits. The
Committee is chaired by Sara Gordon and meets once each terrn.
The Commi¢tees' decisions are ratified by the full Council of Governors. The day to day running of the School
is delegated to the Headmi5tre55, Business Director and Senior Leadership Team. The Headmistress and
Business Director attend all meetings of Council and its Committee5.
Page 5

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS {CONTINUED)
YEAR ENDED 31 AUGUST 2022
Key Management Personnel
The Council of Governors set the remuneration polity for the key managernent personnel with the objective
of recruiting. rewarding and reiaining high quality individuals who are appropriately incentivised to contribute
to the success of the School. The Icey management personnel in the School are the Senior Leadership Team
which consists of the Headrnistress. Business Directorlclerlc to the Governors. Deputy Head Academic.
Deputy Head Pastoral, Deputy Head Co-curricular & Partnerships. Director of Teaching and Learning.
Asslstant Head 6, Form and Pupil Progress, Acting Assistant Head Pastoral and Acting Director of
Operations.
Remuneration is reviewed annually and conslder5 general economic factors and comparisons with peer group
independent schools through consultant surveys LO ensure that the School remains competitive. The School
aims to reward l¢ey sraff at, or just above, the median point within a band to ensure the highest quality staff
are recruited and tnceniivised to help deliver the vision for the School.
Group Structure and Relationships
The charity has a wholly owned non-chariLable 5ubsidi3ry, St Helen's Enterprises Limited, whose actNities and
trading performance are discussed below.
The School is a member of the Association of Governing Bodies of Independent Sehoo15 (AGBISI, the
Independent Schools, Council IISCI, the Girls, Schoo15 A550ciation (GSAI, the Independent Association of
Prep Schools (IAPSI and the Independent Schools, Bursars, Assotiation IISBAI. The School network5 widely
with other schools to promote high quality learning and to learn from others, experiences.
Environmental and Employee Matters
The School is mindful of its environmental responsibilities and strives lor improvement. Pupils and staff are
encouraged to use and recycle all types of resource carefully to conserve physical resources and energy. The
significant capital investment in the School 51te over the past 5 years has all been planlled with enYironment31
considerations at the heart of any new bulldlngs, including living green roofs. solar arrays. water attenuation
systems and energy efficient mechanical and electric31 installation5. The School's commitment to the
environment is recognised by the award of the Green Flag by the Eco-schools organisation, the award of the
London Borough of Hillingdon's Travel Plan 'STARS' accreditation (Gold level) and by the awèrd ol Fairtrade
School status.
St Helen'5 ha5 comprehensive health 2nd safety policies and provide5 a safe and healthy environment for its
pupils and employees.
St Helen'5 15 committed to equal opportunities for all pupi15 and staff. Every effort is made to accommodate
pupils or staff with ¢Jisabilities and io ensure that staff participate in all career opportunities available. Full and
fair consideration is given to job applications from disabled persons ènd due consideration is given to thelr
training and employment needs. Consultaiion with employee5, or their representaiives, has continued at all levels
wilh the aim of t￿{Ing the views of employee5 Iflto account when decisions are made that are lilcely to affect
their interests.
Employees are encouraged to particlpate in the life of the School and are l<ept fully informed of event5. Staff
meetings take place weelcly during term and staff are consulted on materihl mattsrs where appropriate.
Employees are made aware of the financial and economic performance of the School.
Page 6

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
STATEMENT OF ACCOUNTING AND REPORTING RESPONSIBILITIES
The Governor5, as Directors of St Helen's School. Northwood for the purposes of company law, are
responsible for preparing the Annual Report and the financiol statements in accordance wlth applicable law
and regulation5.
Company law requires the Governor5 to prepare financial statements for each financial year which give a true
3nd fair view of the state of affairs ol the charitable company and the group and of the incorning resources
and application of resources, including the income and expenditure, of the charitable group for that period.
In preparlng these financial statements. the Governors are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the charities Statement of Recommended Practtce ISORPI-
malce judgments and estimates that are reasonable and prudent.,
stale whether applicable accounting standards have been followed, subject to any material departures
disc105ed and explained in ¢he financial staternents,.
prepare the financial statements on the going concern b35is unless it is inappropriate to presume that
the charity will continue to operate.
The Governors are responsible for keeping adequate accounting records that are sufficient to show and explain
the charitable company's transactions. disclose with reasonable accuracy at any time the financial position of the
charltable company and enable them to ensure that the Ilnancial statements comply with the Companies Act
2006 and the provisions of ihe charity's COll5titution. They are also responsible for safeguarding the a55et5 of
the charity and the group and hence for tal<ing reasonable steps for the prevention and detection of fraud and
other irregularities.
The Governors are responsible for the maintenance and incegrity of the corporate and financial Information
included on the charitable company's website.
So far as each of the Governors at the date of this report is aware. there is no relevant audit information of
which the charitable company's audltor is unaware. Each governor has Laken all the steps that helshe ought
to have talcen a5 a trustee in ordÈr to mal(e himselflherself aware of any relevant audit information and to
establish that the charitable company's auditor 15 aware of that information.
Page 7

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
STRATEGIC REPORT
MISSION STATEMENT
To prowde each and every gid wth the opportunity and means to aehieve acadernic excdlence,.
To provlde our students wSth the personl slolls, emotional resillernce and the confidence to achÈve thelr full
potential throuth a varied. rich and challerging co-curricular Pr0￿mme.
To l<now. value and respett all as Indivlduals so as to best support them on thelr Soumey through the school.,
To ensure thatthe girts are ready to playa full and active part in their communitEs and in an Interconnected digital
work4.
CORONAVIRUS PANDEMIC
The following review of the School year references its Strategic plan and where appropriate the imp8Ct of the
Coronavirus pandemic and the continued restrictions on large gathering5 and the limitatlQll5 these presented
for the normal running of the School.
STRATEGIES TO ACHIEVE THE OBJECTIVES FOR THE YEAR
The Governors and the School leadership team continue to focus on providing the right environment to allow
girls to achieve their very best. The School aims to provide a dynamic environment for excellence in teaching
and learning and to inspire girls to think for them5elve5. Girls are encouraged to develop a sense of responsibility
and ambition, both for thernselves and others. Throughout the School, teachers are committed to ensuring tha¢
each girl achieve5 her potelltial. Eyerything we do is designed io develop the learning habits and character
attributes that will set our pupils up for success and fulfilment in their academic studies. career$ and personal
The Head's vision lor St Helen's pupils is that they 'will be brave and true. ever intellectually curious. They will
believe they can do anything. They will want to explore how they can best interact with the world around them
and mal(e 2 difference for the better in their own way. They will be i-eady for whatever the future bring5." Core
to the vision are the two key str8nds of academic and pastoral development. The School Strategy focuses on
four further facilitatirng strnnd5 to support these.. Staff,. Leadership & Governance,. Support- and Relationship with
the Wider World.
The leadership tearn have continued to develop co-curricular opporiunities for the girls and there are now more
than 80 different types of activity available for the girls to choose from to broaden their horizons, including
participation in the school's outreach programme linl<ed to Ioc21 primary schools.
The school has continued to invest in its existing facilities during the course of the year with various minor
capital projects, including rhe refurbishment of the staff room in the Science bloc1( and structur31 m3intenance
of buildings in the Main School. In addition, major capital projects dui'ing this year have focus5ed on the design
of a new building to provide dedicated changing space for the girls in senior school and Y6. together with an
office lor the PE department totalling 12 teachers. The Scheme totalling circa. £2.2rn 15 currently with the
planning department. awaiting approval before consideration by the School's Finance and Estates Committee
and Full Council. This project form5 part of a wider 10-year Estates Strategy which includes a once in a generation
opportunity to cons¢ruct an Arts and Cultural Centre providing a much needed large-seale theatre style facility
with capacity to accornmodate more than 500 seat5 Wlth the intention that this facility will support the needs
of the school and also host local community events. This project 15 currently at the design and pre-planning
application phase.
Page 8

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
The School continues to develop its partner5hip5 Wlth other schools to allow others to benefit from St Helen's
resources and facilities, and a150 ¢Ontinue to provide f¢nancial Support to a increasing number of girls through
its bursary fund.
ACHIEVEMENTS AND PERFORMANCE
Review of achievement5 and performance for the year
The School measures its success by referring to..
The demand for places at the school
School Inspection report5
Academic results and university entrances
Pupil, parental and staff questionnaires
Regular audiL5 of public benefit.
Operational performance
Tho charity provides educatiofi in Northwood to girls From the age of 3 to 18. This is provided through St
Helen's Preparatory School {ages 3 to 1112nd St Helen's Senior School (ages 11 to 181. In total, St. Helen's
averaged 1,162 pupils across the year. Demand for places at St Helen's remained high, wlth the School
oversubscribed at all the major points of eatry. The School continued in it5 policy of selecting pupils it judged
to have the highest academic potential.
Academic potential and ability are recognised and nurtured throughout the school., the pupils make excellent
progress which is reflected in consistently outstanding results at GCSE and A Level.
In summer 2022, GCSE and A Level qualifications were awarded by examination and Non-Examinatlon
Asse$5ment for the first time since 2019. Adaptations were made to most qualifications to i-ecognise the
differential lost learning caused by the COVID-19 pandemic in the UK, and grade boundaries were set so that
the proportion of students achieving top grades 3t GCSE and A Level was approximately midway between the
totals for 2019 and 2021 (when qualifications were awarded via Teacher Assessed Grade51- Qualifications in Ar¢
were assessed through student portfolio only.
Ir Year 13. 33% of A Levels were awarded at grade A* 80% at grade A* or A, and 94% at grddes A* B. Value
added data for A Level outcomes puts St He1en'5 in the top 10% of all schools nationally in 2022 in terms of
pupil progress at Key Stage 5. This repre5ent5 a highly significant improvement in outcomes and progress for St
Helen's students in cornparison with the previous fully exarnined series in 2019. Year 11 siudent5 achieved
similarly impre5siYe results.. 43% of all qualific3ti0ns were awarded grade 9, and 90°A achieved grades 9-7. Results
at GCSE and A Level in 2022 were very Similar to those awarded via Teacher Assessed Grades in 2021 and are
testament to the hard worlc of the pupils and their resilience under exceptionally challenging circumstances over
the previous two years, and ¢0 the professionalism and dedication of our staff who have provlded them with
outstallding academic and pastoral support.
St Helen's academic success is recognised by its place in the premier league of UK schools. St Helen's Is also
recogni5ed as providing 3 first class, all round educational experience LO supplement 1¢$ drive lor acadernic
excellence. The School believe5 that co-curricular octivities are a YitaS cornponent of a balanced and stirnulating
education. In the academic year 2021-2022 we re-introduced a full r3nge of oppoi'Lunitie5 to participa¢e in
MUSIC, Sport, drama, the Cornbined Cadet Force, the Duke OF Edinburgh's Award and a huge variety of clubs
and societies. as well as involvement with a range of charities. We also reinstated the majority of our In-
person performance opportunities in music and drarna, including the annual House Art5 competition where
pupi15 write. design. direct and perform original drama. dance and songs.
Page 9

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
Educaiional visits were reinstated following the relaxation of Covid 19 restrictions. culminating in the summer
holidays. with a Music Tour for approximately 100 students to Pari5, and Phab Weelc in which Sixth Form
pupils from St Helen's and Merchant Taylors. Schools provided care and activities for a nurnber of young
people with disabilities, providing their families with much-needed respite care. There were a variety of other
trips and vlslts across the UK including the those for the Combined Cadet Form ICCFI and a Duke of
Edinburgh Bronte award expedition and series of trips across other Year Groups.
A whole school parent survey was conducted Tn January 2022. The results were analysed and an action plan of
initiatives communicated to Prep and Senior School parents which included the introduction of an Actlng
Director of Cornmunications to manage communicatlOn5 and engagement with parents to improve consistency
and continuity ol our messaging. A review of the curriculum, including academic reporting tool( place in Prep
and Senior Schools and Prep parents were invited to participate in a comprehensive review and round table
discussion about school lunches. A whole school parent survey wlll be conducted again in 2023 to draw a
meaningful compari50ll Wtth the 2022 responses.
The school's Deputy Head Pastoral conducts staff well-being surveys each term, with feedbac1< to the Executive
team to agree actions which have included widening access to the School's gym and swimming pool during the
early morning and lunchtime. yoga relaxation session5.
St Helen's is a popular school and the Governors believe that the School will continue to attract high numbers
of application5 into the foreseeable future. The Governor5 are neverthele55 aware that the current economic
environment may affect leve15 of applications or the ability to pay fees in the shorter term and will take this
Into account when reviewing the level of any fee increases for the 2023124 academic year. In addition, the
Governor5 will determine whether capital programmes and the associated funds may Theed to be paused in
the event of any major change.
PUBLIC BENEFIT
Grant-malclng Policy
This year, St. Helen's pupils benefited from £1.49M12020.. 11.39ml awarded in scholarships and bursaries.
Each year, the School mal(es available a number of scholarshsps to defray a proportion of tui¢ion fees. Awards
are made based on academic abiliiy and are not related to financial circumstances. The School a150 rn3ke5
available a small number of awards for music, art. sport and drama.
Approximately two thirds of the School's grants are awarded as bursaries. By granting bursaries. the School
also seel<s to ensure continuity of educacion for all its pupils and to provide opportunitie5 for girls who,
without some financial assistance. might not be able to talce up a place at St Helen'5. A bursary is a
discretionary means-tested financial award which. in some cases. covers 100% of fees and associated extras.
Bursaries are not linked to scholarships and a girl could receive both. The School does not have a large
endowment but funds bursaries from income, p2rticularty that generated from it5 irading subsid¢ary. St Helen's
Enterprises Limited. As a result, the amount available for bursaries might fluctuate from year ¢0 year but Is
generally increasing over time. The School is mindful that it must ensure a balance between fee-paying parent$,
many of whom malle considerable personal 5acriPice5 10 fund their child's education, and those benefiting
Frorn the awards.
In 2021-22 the School provided bur5arial help to 68 children at a cost of £1,006,287 which eguate5 to 8% of
senior school fees. An additional ¢hree pupils were awarded hardship bursaries totalling £55,705. The fee5 of
26 children were fully covered by bursaries and a further two by a combina¢lon of bursaries and scholarships.
Vvhere appropriate for those on full bursarie5, the School 8150 considers funding ancillary costs. in particular
lunches, coach travel and trips which are considered a part of the curriculurn.
Page 10

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
8ur5ary funding has grown to its current level from £236,000 in 2007-2008 and a fund of £1.3m has been
budgeted for 2022-23. The Governors of the School intend to further increase bursaries a5 School finances
allow over time.
Written Information about bursaries and how ¢0 apply for them 15 available from the Admissions Department
or the Accounts Department of the School 3nd from the Bursary and Hardship Policy published on the
School's website. Information 15 also available at School Open Days and discussed in the School pr05pettus.
The School'5 Business Director and Head of Finance ore available during the school day to di5CUSS Potential
bursary or hardship applications. The availability of bursaries is actively promoted at marl<eting Visits to local
feeder schools and the School Outreach Programme seel(s to identify and liaise with state junior schools to
encourage applicants who might never have considered St Helen's to apply for a bursary and a place at the
School.
The School aims to give burs3ries to those it judges to requlre fee assistance in accordance with the fund5
the School has available. The School a55e5se5 a wide range of factors. including income. outgoings, asset5 and
liabilitie5 a5 well as the specific family circumstances in every case. Because circumstances can differ widely
in deserving case5, the School does not publish detailed bursary criteria.
Schools Together
St Helen's Worl￿ in partneiship with other local schools in a variety of ways arid is always lool(ing to develop
and extend its partnership and outreèch work. A5 2 school, we look carefully at what provision our Partnership
schools need and loo1< to support them in a rnultitude of ways. Our Yr 12 Outreach and Volunteering
Programme is a bespolce programme designed in collaboration with our Partnership Schools, thus ensurlng that
we are maximising our support exactly where it is needed.
As an independent school. St Helen's 15 committed to fulfilling its responsibility to share resources and facilities
with children and young people in the local area co support, develop and enhance the educattonal provision
tal<ing place in other local school settings.
Current partnership prolects
Our Yr 12 Ouireach and Volunteering programme sees 100 Yr 12 St Helen'5 students enter into schools in the
local Community, where they tal(e part in li) Reading and Phonic5 literacy support. lill lead Music lessons.
Craft club, livl Science club. (vl Drama club, Ivil Computer science club and {vii) PE club. Our students a150 go
to Special Educational Needs Schoo15 and facilities to assist the learning of children with complex medicdl needs.
Saturday Masterclass sessions run in collaboration with a variety of Royal societies, such as Stem and Maths
classes. enabling student5 from ihe local cornmunity to learn content above and beyond their standard
curriculum in their schools.
Stand-alone day events such as CSI STHN, Animhl Behaviour, Microscope$ and bug life, Sports Science. and
Sports Master class sessions bring students from the local community into our school to take part in high end
above the curriculum learning.
Future Projects
A partnership relationship continues to be developed with five local Prirnary Schools.. Eastbury Farm Primary,
Frithwood School, Greenfields School. Holy Trinity C of E School. and St joseph's Catholic Primary School. as
well as developing links with Grangewood School and Sunshine House.
Page I I

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
Headteachers from all schools are invited to visit St Helen's to gain an appreclation of the facilitie5 and resources
that could be provided and to discu55 and plan potential partnership projects going forwards. Our Director of
Outreach and Partnership, under the leadership ol the School's Deputy Head of Operdtions, visits these schools
regularly to gain a deeper understanding of each setting and the are35 in which St Helen's ￿sOUrceS tmight be of
particular value. The agreed focus of offerlngs is to ellable pupi15 to experience specialist teachers and equipment.
to develop 'cultural capital, and provide a broader perspective on the opportunities available to them beyond
prlmary School.
Community Involvement
S¢ Helen's invofves Itself In Its tommunity in a wide variety of ways. Of particular importance is it5 contribution
through the provision of bur53ries.' the school is particularly keen to encourage applicants frorn the local
community.
A significant number of School staff are Involved IA the governance of local schools and Multi Academy Trusts.
The School'5 facilities continue to be open to the community including the gym and swimming elubs based at
the sports centre, sports clubs which use the all-weather pitch and Airdome, and the use of the School's grounds
for community-focused summer camps, although were restricted durillg the Covid pandemic. The School also
supports the Mllitary Covenant and UK and NATO staff based at the Permanent joint Headquarters in
Northwood are able to use the swlmming pool every weekday morning throughout the year.
The School has links with a local special need5 school and local residential homes and the local community is
invited to attend School events.
The School raises £10.798 for charities throughout the year throvgh various initiatives such as non-uniform days,
cal<e sales and book reading and has been able to support a number of international, national and local charities
including.. PHAB £3562, HIll￿ngdOn Food Bank £814. M2cmillan 1606
Volunteers
Due to the continuing Covid restriction5 at the stari ol the year the usual events sponsored and supported
by the School's ParentlTeachers' Association were restricted. The School's Head of Prep is reviewing the
comp051tion of the parentlteacher relationship and the new arrangements are expected LO be In place frorn
the 2022123 academlc year.
FINANCIAL REVIEW
Results for the year
Despite the continuing financial ehallenges of the Covid pandemic, pupil numbers remained stable and the School
had a successful year financially with incoming resources totalling £21.2m12021.. £19.6rn1 with the majority
194%) generated by school lees and other educational income.
St Helen's Enterprises operates under licence from the School and Its activities include renting the School
grounds and buildings a5 well a5 activities based in the Sports Complex. Income from the Enterprises wa5
expected to be slow to recover following thÈ lifting of Covid restrictions. However, with an increased focus on
strategic direction, rnarketing and rebrdnding to reflect the launch of an Events offering in addition to the Sports
Centre and venue hire. the School received a contribution from En￿rpriseS of £3531< for the year. The year
ended with Enterprises gernerating £992,00012021 £512.0001 revenue and £397.107 (2021.. £80,000) operating
surplus in the year, enabling it to donate £397,107 w the School under gilt aid. The company held £556,000
12021.. £237,000) cash at the year end.
Page 12

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
The Governors carefully considered the economic circumstances resulting from the Coronavirus pandernic
when considering fee increases for the 2021-22 academic year and balanced this against its strategic plans to
continue to improve the standard of educ31ion offered and the facilities and staff resources necessary and its
commitment to bursary and scholarship funding. The Governors agreed that fees should increase from the
Spring term 2022 with Senior School fees lrncreaslng by 10.5% to £21,468 per annum and Prep School fee5
increasing by 10.5% to £18,090 per annum from September 2022.
In summary. day-to-day expenditure remained well controlled and the School generated net incoming
resources of £1.4m12021.. £8811c}. Net Current liabilities stand at £3.6m 12021.. £5.5ml reflecting accrued
liabilitie5 from capital programmes. At the year end. the School held no free reserve5. Cash generated is
Invested in the provision of education. p3rticularly in increased bursary funding.
Fixed A55ets
The director5 are satlsfied that there are no indica¢or5 of impairment to the marlcet value of the School's
freehold properties which is substantially in excess of the bool< value and hence a professional valuation
quantlfying the difference is nor required.
Fundralslng
Fundraising at St Helen's is an important part of the operation of the School but remains embryonic. comprising
ust over 1% of the operating budget. Fundraising 15 Usually undertalcen by the School's Development Office and
affiliated organi5ations of, primarily* volunteer groups of parents and alumni. There are no professional
fundrai5iNg organisations used and so no monitoring processes required. The School Subscribes to the
Fundraising Regu13tor and adheres to the Code of Fundraising Practice when undertaking fundraising èctivity.
There were no complaints received by ihe School in relatlon to fundraising activity in the past year. The School
talce5 It5 responsibility to anyone who might be vulnerable very seriously and this will continue to be Considered
in the School's approach to fundraising activity.
Reserves Pollcy
The GoYernor5 are cornmitted to a policy of continuing to improve the School through bulldlng and
refurbishment as well as investing in teaching resources. A substantial part of funding for this will be met from
the annual surpluses of income over expeTrditure. As a consoquence of the Governors, invesLment plans for
the School's buildings, the Sehool does not currently hold any free reserves.
The Governors are awère of a free reserves defic¥t and do not consider that this presents a financi31 ris1( to
¢he School in the short to medium term whilst net incoming resources remain strong. The policy on re5erve5
15 reviewed anfjually by the Finance and Risk Committees. The School currently plan5 to invest its annual
operating surpluses in buildings and facilities in the coming years, in line with the School's strategic
development plan and Estates Ma5terplan and will continue to keep its development plans and future
requirement for reserves under review.
The Governors are satisfied that operating c85h flows remain strong and will be sufficient to 211ow the School
to meet its liabilities as they fall due. However, the Governors also recognise that the levels of reserves will
fluctuate in response ¢0 economic conditions and during periods of strategic investment in the School estate.
In july 2018. a small finance facility was arranged with the School's ban1< to accommodate short term cash
flow requirements during the capita5 programme and this arrangement continue5. Regular dialogue is
maintained with the Sch¢xJl's bank to ensure that the appropriate financial facilities are available to call on
should the need arise.
Accordingly, the Governors conslder that the going-concern b35is remains appropriate for the preparation of
the school's accounts.
Page 13

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
RISK MANAGEMENT
The Council of Governors is responsible for the management of ri$115 faced by the School. DetaSled
consideratlon of risk 15 delegated to the Risk Committee. which meet5 terrnly and reports to Fvll Council.
The Committee reviews and agrees the School's forni31 rislc register and conslders risks in the following areas..
Governance or management risks
Business plan implementation risks
Operational rislis
Financial risks
External and regulatory risks.
The Governor5 consider the principal risl(s facing the School to be:
Failures in Safeguarding. The Governors rnitigaLe against this risk through the appointment of a
nominated Governor for Safeguarding who reports to the full Council termly. The Safeguarding
Governor leads annual revlews of Safeguarding withirn the School to ensure that all relevant policies and
procedures are implemented and understood. The Governor5 also ensure that the School octs in
accordance wlth the instruction givern by the Independent Inquiry into Child Sexual Abuse regarding the
retention of personal data.
Affordability. The Governors are mindful of the pressures on parents regarding fees, particularly in the
current economic climate with the cost-of-living crisis. and salaries not keeping pace with the high rates
of inflation. Fee rises were earefully considered in the context of it having been more than two years
Since the last increase and the provision of a Hardship Fund to help those in need.
Failures in Health and Safety. The Governors designate a Governor to monitor the School's Health and
Safety arrangements. The de5igriared Governor attends the School's regular Health and Safety
Committee meetings and plays an active role in the monitoring of relevant high-risl< areas. The School
is supported by external consultants who conduct independent annual Health and Safety reviews which
are scrutitllsed by the Governors.
The Governors are satisfied that all rnajor risks identified ère adequately understood, assessed and managed
across the School and that appropriate mitigation measures and controls are Smplemented as and when
necessary.
FUTURE PLANS
The School launched its 3-year Strategic plarn in July 2020 following the appointment of the current
Headmistres5, which includes the following Strands:
To ensure that all pupils achieve their potential and malce exceptional progress. They develop the St
Helen'5 learner habits and develop lifelong intellectual curi051ty and tenacity.
All pupi15 develop the St Helen's character attribute5, Icnow how to loo1< after their own and others
well-being and become confident, resilient young women ready for whatever the future brings.
To recrui¢, develop and retain the outstanding staff that deliver the very best Trachlng and learning, support
and guidance in order to facilitate academic and personal development for all.
To ensure that leaders èt all levels systsmatically evaluate the impact of strurtures and strategies and drlve
forward effective and sustainable improvement to academi¢ and personal development lor all.
Page 14

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2022
To prowde the hlghest quality environmenL facilities and support structures to facilitate outSt3nding
academic and personal development for all with secure and Stable financial planning.
To establish the School's reputation in the community as one where ambitious girls thrive academically
and personally.
As part OF the support sirand to the Strategyi the School ha$ developed a new 10-year Estates masterplan
following on from the completion of its previous plan which Saw the development of the junior School
Building, Macl¢enzie 6 Form Centre. School of Music and m05t recently the STEM building. The new plan
focuses on the development of an Art5 and Cultural Centre providing a multi-purp05e venue to showcase
large School event5 and productions as well as community and commercial activities. There is also a plan to
address the lac1< of dining room capacity and to improve catering facilities in the Gables building, together
with dedicated changing facilicies and a PE office which are poorly provided for across the School.
The Governors are comrnitted to further developing links with the state sector and local community in line
with the Schools Together programme. The School will be extending it5 connections with local state schools
both in terms of shared educational objectives and through the furtherance of our bursary progrdmme into
schools who have not previously considered the optioll of their girls attending St Helen's.
Thi5 Annual Reportb prepared under the Charities Act 2011 and the Companies Act 2006. Wds approved by the
Council of Governors of St Helen's School, Northwood on 8 February 2023 including in their capacity as
company directors approving the Directors, and Strategic Reports contained therein, and 15 Signed as authorised
on its behalf by.
Philip Young
Chalr of Councll of Governors
Page 15

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST HELEN'S
SCHOOL, NORTHWOOD
Oplnlon
We have audited the financial statements of St Helen's School. Northwood for the year ended 31 August
2022 which eompri5e the Con501idated Statement of Financial Activitie5, the Consolidated and School Balance
Sheets. the Consolidated Statement of Cash Flows and notes ¢0 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 Unlted Kingdom Accounting Standards. including Financial Reporting Standard 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Atcounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the group's and of the parent charitable company's affairs as at 31
August 2012 and of the group's and parent charitable company's net movement in funds, including the
income and expenditure, for the year then ended.,
have been properly prepared in accordance wich United Klngdom Generally Accepted Accounting Practice,.
and
have been prepared in accordance wlth the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISA5 IUKII and
appltC2ble law. Our responsibilities under those standards are further described in the Auditor's
responsibilities For ¢he audit of the financSal statements section of our report. We are independent of the
group in aceordance with the ethical requirements that are relevant to our audit of the financial statements
in the UK. including the FRC'S Ethlcal Standard. and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained Ss sufficient and
appropriate to provide 8 basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the tru5tee5' use of the going concern basis of
accounting in the preparation of the flnaneial statement5 is appropriate.
Based on the work we have performed, we have not ideniified any material uncer¢aintie5 relating to event5
or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as
a going concern for a period of at least twelve months From when the financial Statements are authorised for
Sssue.
Our responsibilitie5 and the responsibilities of the trustees with respect to going concern are described in
the relevant section5 of this report.
Other informatlon
The trustees are responsible for the other information. The other information comprises the information
included in the Trustees, 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 15 to read the other information
and, in doing 50, consider whether the other information Is macerially inconststent with the financlal
statements or our knowledge obtained in ihe audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material rnisstatements, we are required to determine
whether there 15 a material misstatement in the linantial statement5 or a material misstatement of the other
information. If, based on the worl< we have perforrned. we conclude that there Is a material misstatement of
thi5 Other information. we are required to report that fact. We have nothing to report thls regard.
Page 16

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST HELEN'S
SCHOOL, NORTHWOOD
Opinions on other matters prescribed by the Companles Act 2006
In our opinion. based on the work undertal<en in the course of the audit..
the information given in the Tru5tees' Report (which includes the stra￿gi£ report and the dlrectors, report
prepared for the purposes of cornpany lawl for the financial year for which the financial statements are
prepared is consistent with the financial statements., and
the strategic report and the directors. report included within the Tru5tee5' 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 l<nowledge and understanding of the group and the parent charitable company and it5
environment obtained in the course of the audit, we have not identified materlal misstatements in the
Trusiees. Report (which incorporates the strategic report and the directors. report).
We have nothing to report in respect of the following matters In relation to whlch the Companies Act 2006
requires us to report to you if, in our opinion..
adequate accounting records have not been Icept by the parent charltable company: or
the parent charitable company flnancial statements are not in agreement with the accounting records and
returns.. or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanation5 we require for our audit.
Respon51billties of trustees for the flnanclal statements
A5 explained more fully in the trustees. responsibilities statement Set out on page 6, the trustees (who are
also the directors of the charitable company for the purposes of company lawl are responsible for the
preparation of the financial statements and for being sètisfied that they give a true and fair view, and for such
internal control as the trustee5 determine is necessary to enable the preparation of financial statements that
are free from material misstatement, whether due to fraud or error.
In preparing the financial staternents, the trustees are responsible for as5e5sing the group's and the parent
Charitable company's ability ¢0 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
group or the parent charitable cornpany or to cease operations, or have no realistic alternative but to do $0.
Auditor s responsibilities for the audit of the financial 5tatement5
Our objectives are to obtain reasonable assurance about whether the financial staternents a5 a whole are free
from material misstaternent, whether due to fraud or error, and to issue an auditor's report tha¢ includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee thac an audit conducted in
accordance with ISAS (UK} will always deteci a material misstatement when it exist5. Mi55tatement5 carn arise
from fraud or error and are considered material if, indivifjually or in the aggregate, they could reasonably be
expected to influence the economlc declslons of users taken on the basis of these financial statèments.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of
irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities,
including frdud is detailed below..
Based on our understanding of the charity and the environment in which it operates, we iden¢ified that the
principal risks of non-compliance with law$ and regulations related to the independent school regulations.
safeguarding regulations, health and safety requirement5. GDPR. ernployment law and charity law and we
considered the extent to which non-compllance 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 Charities Act 2011 and Companie$ Acc 2006 and conslder other factors such a$ payroll
tax.
Page 17

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST HELEN'S
SCHOOL. NORTHWOOD
e evaluated rnanagement's incentives and opportunities for fraudulent manipulation of the financial
statements {including the risk of override of controls), and determined that the principal risks were relaTrd
to the improper recognition of revenue and management bias in accounting estimates. Audit procedures
performed by the engagement team included:
Inspecting correspondence with regulators and tax authorities.,
Di5CU55iOll5 Wlth management Including consideration of known or suspected instances of non-compliance
with laws and regulation and fraud.,
Evaluating management's controls designed to prevent and detect irregularitles.,
Identifying and Tr5ting journa15, in particular journal entries posted at the year end., and
Challenging assumptions and judgements made by management in their critical accounting estim2te5.
Because of the inherent limitations ol an audit, there is a risk that we will not detect all irregularitie5, including
those leading to a material mi5StaTrment In the flnancial statements or non-compliance with regulation. This
risk increases the more that compliance with 2 law or regulation is removed from the events and transactions
reflected in the financi31 statements, as we will be le55 likely to become aware of instances of non-compllance.
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 èudit of the financial statements is located on the Financial
Reporting Council's web51te at: www.frc.org.uklauditorsresponslbllltles. This description forms part of our
auditor'5 report.
Use of our report
Thi5 report is made 501ely to the charitable company's members, as 2 body, in accordance with Chapter 3 of
Part 16 01 the Companies Act 2006. Our audit work has been undertaken so that we rnight state to the
charitable company'5 members those matters we are requlred to state to them in an Auditor's report 2nd
for no other purpose. To the fullest extent permitted by law, we do not accept or assume resp0rn5ibility to
anyone other than the charitable cornpany and the charitable company'5 member5, as a body, for our audit
worlc, for thi5 report, or for the opinions we have formed.
Kathryn Burton
Senior Statutory Auditor
For and on behalf of
Hay5macintyre LLP
Statutory Auditor
10 Queen Street Place
London
EC4R 1AG
Date.. 30th May 2023
Page 18

ST HELEN'S SCHOOL, NORTHWOOD
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
AS AT 31 AUGUST 2022
Un-
restrlcted
2022
£'ooo
Restrlcted
2021
£'ooo
Total
2022
£'ooo
Total
2021
£'ooo
Notes
Income from
Charitable activities
Fee$ Receivable
Ancillary & Other Income
19,865
253
19.865
253
18,599
219
Other trading actlvltles
Non-Ancillary Trading Income
992
992
512
Investments
Banlc and other inve5tmeTrts
Voluntary Sources
Donation5
Government Grants
Total Incomlng resources
Expenditure on:
Raislng funds
Non-antillary trading
130
130
25
206
19,561
130
21,117
21,247
324
324
324
324
243
243
Charitable a¢tlvltles
Education
19,509
19,509
18,437
Total expenditure
19.833
19.833
18,680
Net intome
130
1,284
1.414
881
Gain on unfunded pension
13
Nec movement in funds for the year
130
1,297
1.427
881
Transfer of fund5
Total funds brought forward
168
25,065
25.233
24,351
Total funds carrled forward
17
298
26,362
26,660
25.233
All income and expendlture relates to continuing activltles.
The notes on pages 21 to 32 form part of these financlal statements.
Page 19

ST HELEN'S SCHOOL, NORTHWOOD
CONSOLIDATED BALANCE SHEET
AS AT 31 AUGUST 2022
Notes
2022
£'ooo
2021
£'ooo
£pooo
£'ooo
Fixed assets
Tangible 85sets
30.451
30,842
Current assets
Debtors
Cash at bank atbd in hand
10
617
1.200
1.817
(5,4681
390
239
629
16,0851
Creditors: amounts falllng due
within one year
12
Net current liabilities
13.6511
5,456
Total assets le55 current
Liabilities
26.800
25,386
Creditors: amounts falllng due
after more than one year
Deferred Income
Provisions for Ilabllltles
Unfunded pensions
Net assets
1421
1421
14
17
{981
26,660
25.233
Funds
Restricted
Unrestricted
Total funds
15
298
26,362
26,660
168
25.065
25,233
17
The consolidated income and expenditure account includes a surplus of £1,631,00012021.. £881,000) which is
dealt with in the financial statements of the parent company.
Approved and signed for issue by the Board of Directors on 8 February 2023 and signed on its behalf..
Philip Young (Director)
Nadeem Boghani {Directorl
The notes on pages 21 to 32 form part of these flnanclal Statements
Page 20

ST HELEN'S SCHOOL, NORTHWOOD
SCHOOL BALANCE SHEET
AS AT 31 AUGUST 2022
Notes
2022
2021
£yooo
£'ooo
£'ooo
£yooo
Fixed a55ets
Tangible assets
Current a55ets
Debiors
Cash at bank and in hand
30,448
30,841
10
368
647
1.541
(5.1961
370
(5.9141
Credltors: amounts falling due
within one year
Net current liabilities
12
(3,655)
26.793
{5.5441
25.198
Total assets less current
liabilities
Creditors: amount5 falling due
after more than ono year
Deferred Income
Provlslons for Ilabllities
Unfunded pensions
Net assets
Funds
Restricted
Unrestricted
Total funds
1421
{421
14
17
198)
26,653
25.145
15
298
26,355
26.653
168
24,977
25,145
17
Approved and signed for issue by the Board of Directors on 20 March 2023 and signed on its behalf..
Philip Young {Director)
Nadeem Boghani (Director)
The notes on pages 21 to 32 form part of these financlal statements
Page21

ST HELEN'S SCHOOL, NORTHWOOD
STATEMENT OF CASH FLOWS
AS AT 31 AUGUST 2022
Notes
2022
£yooo
2021
£'ooo
£'ooo
£'ooo
Net cash outflow from
opÈrations:
Net cash provided by operating
activities
2,579
2,922
Cash flow from investlng
activitlès:
Purchase of tangible fixed assets
Investment Income
Net cash used in investing
activities
17071
13.1141
1700)
13,114)
Change in cash and cash equivalents in
the reporting period
1,879
11921
Cash and cash equivalent5 at beginning
of period
16791
14871
Cash and cash equivalents a¢ the end
of the reporting period
1.200
16791
(i) Reconclllatlon of net income to net cash flow from operating actlvltles
2022
2021
£'ooo
£yooo
£'ooo
1,427
£*ooo
881
Net incoming resources
Elimination of non-operatlng cash flow5..
Investment Income
Depreclation charge
(Incre35elldecrease in debtor5
IDecrease)lincrea5e in creditors {excluding fees
in advance scheme and deposit)
Pension Scheme revaluation
Increase in fees in advance scheme creditors
Increase in parents, deposits
17)
1.098
1227)
1,079
303
171)
113)
146
226
294
181
293
80
1,152
2.041
Net cash Inflow from opèratlons
2,579
2.922
(li) Analysis of cash & tash equivalents
2022
£'ooo
1,200
2021
£'ooo
239
19181
16791
Cash at bank
Overdraft
1,200
Page 22

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
The compony is o Privote limited compony incorporoted in the UK (registered no. 004208671 ond operotes from irs
registered office in Eostbury Rood. Northwood, Middlesex. HA6 3AS
1 ACCOUNTING POLICIES
(a)
Accountlng convention
The financial 5tsTrrnent5 have been prepared in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland {FRS1021, the Companies Act 2006 and the Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic ol Ireland {FRS 1021 Second Edition.
The functional currency of the School is considered to be GBP because that is the currency of the primary
economic environment in which the School operates.
The accounts are drawn up on the historical cost basis of accounting. as modified by the revaluation of
investment properties and other inYe5tments.
The School has talcen advantage of che exemption available to a qualifying entity in FRS 102 from the requirement
to pre5eni a charity only Cash Flow Statement with the consolidated financial Statements.
The School 15 è Public Benefit Entity registered as a charity in England Hnd Wales and a company Ilmited by
guarantee. It was incorporated on 04 October 1946 (company number.. 004208671 and registered as a charity
on 21 March 1963 {charity number.. 312762).
The School has taken advantage of the exemption under section 408 of the Companies Act 2006 not to publish
its own income and expenditure accovnt.
Critical accounting judgements and Icey sources of estlmatlon uncertainty
In the application of the accounting policies, Trustee5 are required to make judgement, estimates, and
assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources.
The estimates and underlying assumptions are based on historic31 experience and other factors that are
Considered to be relevant. Actual results may differ from these estimates.
The estlmates and underlying assumptions Bre reviewed on an ongoing basis. Revisions to accounting estimates
al-e recognised in the period in which the estimate 15 revised if the revision affects only that period. or in the
period of the revision 3nd future periods if the revision affected current and future periods.
In the view of the trustees, no a55umptions concerning the future or estimation uncertainty affecting assets or
liabilities at the balance sheet date are Ill<ely to result in a material adjvstment to their carrying amounts in the
nexi financial year.
(b) Going Concem
Having reviewed the Funding facilities available to the School together with the expected ongoing dernand for
places and the School's future projected cash flows, the Governors have a reasonable expectation that the
School has adequate resources to continue it5 activities for the foreseeable future and consider that there were
no material uncertainties over the School's financial viability. Accordingly, they continue to adopt the going
concern basi5 in preparing the financlal statements.
(c) Consolidation
The consolidated financial statements consolidate the financial statements of the school. its wholly owned
subsidiary, St. Helen's Enterprises Limited, company number 02834608. No separate SOFA has been presented
for the Charity alone. as permitted by Section 408 of the Companies Act 2006.
Page 23

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
(d) Fees recelvable and slmllar Income
Fee5 receivable and charges for the use of premises are accounted for in the period in which the serwce Ss
provided. Fees receivable are stated after deducting allowance5, bur5arie5, scholarships and other remissions
granted by the school from its unrestricted funds. Donations are accounted for when the School knows with
probability that the funds will be received. Donations received For the general purpose of the School are credited
to unrestricted funds. Donations subject to specific wlshe5 of the donor are credited to the relevant restricted
fund or, where the donation is required to be held as permanent capital. ¢0 endowed funds. Where donations
are received otherwlse than In ca$h, they are valued at the marlcet value of the underlying assets received at the
date OF receipt.
Government grant income represents the total amount claimed from HMRC under the CIRS. The incorne 15
accounted for in the period in which the associated salary payments are made to furloughed Staff.
(e) Expenditure
All expenditure is accounted for on an accruals basis and has been classified under heading5 that aggregate all
costs allocated to that category. All expenditure is stated gross of irrecoverable VAT. Charitable expenditure
comprises those costs incurred by the charity in the delivery of 115 activities and services for its beneficiaries. It
Include5 both costs that can be allocèted directly to such activities and those costs of an indirect nature nece55ary
to support them.
Support costs eompri5e general rnariagemenc governance, accounting and financing. Governance costs are the
costs associated with the Eenerat running of the charitable company as opp05ed to those costs associated with
fundraising or charitable activity. Included within this category are costs associated with the strategic as opposed
to day-to-d2y managemen¢ of the charltable company's activitie5. The remainder of the support costs are shown
a5 support costs of schooling.
{fj Bursaries
Bursaries funds are provided lor and included in expenditure for the period to 31 August 1021 as they are
subject to review at the end of chat period.
(g) Operating leases
Rentals under operating lea5e5 are charged on a straight-line basi5 over the lease term, even if the payments are
not made on Such a basis. Benefits received and receivable as an incentive to sign an operatlng lease are slmilarly
spread on a 5traighi-line basis over the lease term.
(h) Flxed assets and depreciation
Deprecsation is provided on fixed assets in use except freehold land, at rates designed to write off their cost
less anticipated residual value over the period of their estimated useful lives. The rates used are..
Freehold buildings - 2% of cost
Temporary buildings- 20% of cost
Fixtures. fittings and equlpmenc- 10% of cost
Computer and pool equipment- 33 113% of cost
Motor vehicles - 25% of cost
Gyrn Equipment- 20% of cost
Acquisition of equlpment for educational purposes is written off to education costs in the year of purchase.
Assets in construction are c2Pitalised but no¢ depreciated until broughr into use. Significant building
improvements, fixtures, fitting5 arid equipment are capitalised and carried in the balance sheet at historical cost.
Items costing less than £2.000 are written off in the year of purchase unless Under￿1(en as a project then the
whole arnount is capitalised.
Page 24

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
(i) Pension schemes
The School contributes to the Teachers, Superannuation Scheme at rates set by the scheme actuary and advised
to the board of directors by the scheme administrator. The school also contribute5 to a defined contribution
scheme for non-teaching staff. The contributions charged to the income and expenditure account in respect of
both schemes are those payable in accordance with the rules of the schemes.
The School has unfunded pension commitments to former emp1oyee5. Provisions for the capital c05t of the
commitmeThts have been made based on the life expectancy ol the fomier employees. based on calculations
performed by a qualified actuary. It was assumed tha¢ the annual payments would increase at the rate of increase
in the retall prlces index each year. A discount factor equivalent to the yield on long dated AA rated corporate
bonds used to calculate the cost of capital.
li) Financial Instruments
Basic financial instruments are initially recognised at transactlon value and subsequently measured at amortised
C05t with the exception of investments which are held at fair value. Financial as5et5 held at amorrised cost
Comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts
for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant acce55 banlc
ccounts and used a5 working capital. Financial liabilities held at amort15ed c05t cornprise all credltors except
social security 3nd other taxes and provisions.
{[<) Funds
Fund5 held by the charlty are..
Unrestricted funds are funds which can be used in accordance with the School's objects. at the discretion of the
board.
Restricted funds are funds that can be used for particular ￿$trIcted purposes. within the object5 of the School.
Restrictions arise when specified by the donor.
STATUS AND MEMBERS
The company is limited by guarantee, and therefore does not have a share capital. Each member has agreed tha(
in the event of the Cornwdny being wound up. he or she wÈll contribute to the assets a sum not exceeding one
pound. Control of the company Is vested in the Council of Govemors.
Page 25

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
Tradlng Activlties
The School own5 100% of the issued share cèpitsl of St Helen's School Enterprlses Limited. The principal activity
of the company is to generate income for the use of the School in support of the School'5 educational objecti¥e5.
Durlng the year the inter-company transactions be¢ween the School and Enterprises amounted to £271,476
12021.. £271,563) excluding the gift aid. During the year, Enterprises paid the School £211,47612021.. £211,563)
in relation to a service charge and £60,000 12021.. £60,000> in relation to 8 license fee. In addition, a grf¢ aid
paymen¢ of £397,10712021.. £79,951} wa5 made in relation to the 2021 taxable surplus.
The company donates its taxable profits to the School each year under the Gift Aid Scheme. Its trading results
extracted from its audited accounts were..
2022
£yooo
992
14731
519
11231
396
2021
£'ooo
512
{496
16
1191
{3)
83
Turnover
Cost of sales
Gros5 profit
Adrninistraiive expenses
Net profit
Sundry income including Grant
Interest
Donation under gift aid
Retained profit
13971
80
Fixed A5setS
Current A55ets
CREDITORS.. amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
674
16691
263
1255)
CAPITAL AND RESERVES
Called up share capital
Retained earnings
SHAREHOLDER'S FUNDS
Page 26

ST HELEN'S SCHOOL. NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
Fees Recelvable
Consolidated
2022
£'ooo
2021
£'ooo
Tuition
Breal(fastlAfcer school clubs
21.351
20,058
21,351
20,058
Less:
Scholarships
Bursaries
(3761
13771
11,0821
18,599
19.865
The total number of pupi15 in receipt of..
Number
133
84
Number
119
83
Scholarships and forces discount
Bursaries
Ancllllary & Other Income
Consolidated
2022
£'ooo
2021
£'ooo
Other educatlonal Income
School trip and other recoverable item5
Registration feeslfees in lieu of notice
151
151
166
166
Other anclllary Income
Rent receivable
Insurance
Other
£'ooo
35
£'ooo
24
23
66
101
53
Charitable Activsty Expendlture
Depre-
tiatlon
£'ooo
Total
2022
£'ooo
11,084
1,673
3,159
3,917
19,833
Total
2021
£'ooo
10,684
1,489
3,111
3,396
18,680
Staff
£'ooo
10.535
293
477
2,384
13,689
Other
£'ooo
549
1.380
1.584
1.533
5,046
Teaching Costs
Welfare Costs
Premises Costs
Supports Costs
1,098
1,098
Included in Support Costs
Audit fees- current ye
22
24
During the year, £6S8 was reimbursed to governor$12021 Nill. During the year, expenses amountsng co £620
12021 £3001 were paid on behalf of the governors including £SOO gift voucher for retiring Chair of Governors.
There were no other relaTrd party transactions.
Page 27

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
Staff Informatlon
2022
£'ooo
10,350
1,067
1,863
13.280
409
13.689
2021
£'ooo
10,097
1,042
1,835
12,974
127
13,101
Wages and salaries
Social security cost5
Other pension cost5
Agency staff
The number of persons employed during the year was:
Number
Number
166
165
331
Teaching staff
Non-teaching staff
169
165
334
No emolument5 were paid to the dlrectors of the school.
The number of employees whose emoluments exceeded £60,000 was..
Number
14
Number
14
£60,001 £70,000
£70,001- £80,000
£80.001 £90,000
£90.001 £100,000
£100.001 £110.000
£110.001 £120.000
£130.001 £140.000
£150,001 £160.000
£160,001 £170,000
Contributions of £422,925 were made to the Teachers, Superannuation Scheme for 2412021- £367,734 for 211
higher paid employees and contributions amountirng to 135,060 were made to a defined contribution scheme
for five {2021 £16,274 lor two) higher paid employees.
£'ooo
1.273
12
£'ooo
1.431
14
Aggregate employee remunerntion of key management personnel
Number of employees
Redundancy and termination paymen15 of £140,766 were paid during the year12021 £30,720). There were no
amount5 OUtStanding to be paid at the year end. No separate non contractual payment5 were made 12021
£Nil}.
Page 28

ST HELEN'S SCHOOL. NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
Tangible Fixed A5set5
Sub-
sidiary
furnitur
Sthool
furnltur
e and Asset in
Freehold Motor equip-constru¢ School equlp- Group
Land building5 vehicles
ment
tlon
Total
ment
Total
£'ooo £'ooo
£'ooo
£'ooo
£'ooo
£'ooo £'ooo £'ooo
Cost
At 1 Septernber 2021
Additions
Transfers
Disposals
At 31 August 2022
51 35,372
155
24
4.287
113
643 40,508
567
704
146 40,654
707
51 35.372
179
4,400
1,210 41,212
149 41.361
Depreciation
At 1 September 2021
Charge for the year
Disposals
At 31 August 2022
6.547
704
155
2.964
390
9,666
1,098
146
9,812
1,098
7.251
159
3.354
10,764
146 10.910
Net bool< value
At 31 August 2022
At 1 September 2021
51 28.121
51
28.825
20
1.046
1,323
1,210 30,448
643 30.842
30.451
30.842
The cost of freehold land and buildings inc5udes £51.047 relating to land12021.. £51,047) which is not depreciated
(see note I Ig)).
Subsidiary undertal<lngs
The school ha5 a subsidiary company. St Helen's Enterprise5 Limited, which is wholly owned and incorporated
in Great Britain. company number 02834608. The principal activlty of St Helen's Enterprises Limited is to
generate trading income for the school. The gift aid payable is £397.10712021 £79,951).
10 Debtors due within one year
Consolidated
2022
£'ooo
183
School
2022
£'ooo
66
396
432
894
2021
£'ooo
100
2021
'ooo
75
Trade debtor5
Amounts owed by subsidiary undertaking
Prepaymerits & acerued income
434
617
290
390
289
368
11 Cash at bank and in hand
Consolidated
Total
2022
£'ooo
1,199
School
Total
2022
£'ooo
646
Total
2021
£'ooo
237
Total
2021
£'ooo
Current accounts
Cash in hand
1.200
239
647
Page 29

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
12 Creditors due within 1 year
Consolidated
2022
£'ooo
School
2022
£'ooo
2021
£'ooo
918
541
1.485
1.465
274
632
770
6,085
2021
£'ooo
918
540
1.358
1,465
259
631
743
5,914
Bank overdraft
Trade creditors
Fees in advance
Fee deposit5
Taxation & Social 5eeurity costs
Other credltors
Accruals
501
1,631
1,691
312
730
603
5,468
479
1,460
1.691
29S
730
541
5,196
13 Advance fee payment
Consolldated
2022
£'ooo
1,485
{1,485)
1,631
1,631
School
2022
£'ooo
1,485
(1,4851
1.631
1.631
2021
£'ooo
1,192
11.1921
1.485
1,485
2021
£'ooo
1,192
{1,1921
1,485
1.485
At 1 September
Released in year
Cash received in advance
At 31 August
14 Penslon Schemes
Consolidated
2022
2021
£'ooo
£'ooo
111
119
23
23
(231
1231
(131
18)
98
School
2022
£'ooo
2021
£'ooo
119
23
1231
18)
At 1 September
Paid during the year
Decrease in provision
Re-valuation
At 31 August
23
1231
1131
98
15 Restricted Funds
1 Sept
2021 Incoming Outgoing Transfer
31 Aug
2022
£'ooo
50
Movement In year
£'ooo
33
£'ooo
17
£'ooo
£'ooo
Bursaries Fund
Student Enrichment Fund
Capltal Fund
Priie Fund
Donations
98
101
29
110
139
298
168
130
Prize fund5 represert donatyons received over a significant period where the donor specified that the income
was to fund a prize.
Page 30

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
16 Designated Funds
1 Sept
2021 Incoming Outgolng Transfer
£'ooo
£'ooo
£'ooo
£'ooo
38
31 Aug
2022
£'ooo
38
Development Fund
Development fund is to make provlsion for the development ol the school esiates.
17 Analysis of net assets between funds
Un-
Restricted restricted
Funds
Funds
£'ooo
£'ooo
Total
Funds
£'ooo
Consolidated funds at 31 August 2022 are
represented by:
Tangible Fixed Assets
Net current as5etsllliabilitiesl
Creditor5 due after more than one year
Provision for liabilities
30.451
13,9491
1421
(981
26,362
30,451
13,6511
1421
198
26,660
298
298
School fund5 at 31 August 2022 are represented by:
Tang'ble Fixed Assets
Net current assetsllli3bilitiesl
Creditors due after more than one year
Provision for liabilities
30,448
13.9531
1411
1981
26,355
30.448
13.6551
(421
(981
26,653
298
198
18 Capltal commitments
The school has £80,0(X) (plus VATI of capital commitments for the year 2021-202212021-22 - £335.4171.
19 Taxatlon
No liability to United Kingdom taxation arises by virtue of the charitable status of the School. Profits arising in
St. Helen's Enterprises Limited are gifted to the School.
20 Penslon Schemes
The School operates two pension schemes which cover the majority of its employees the assets of the schemes
are held separately from those OF the school, being invested wich either Che state or insurance companies, and
re independently administered.
(al The School partiCiP3tes in the Teachers. Pension Scheme r'the TPS'I for its teaching staff. The pen510ll
charge for the year includes contributions payable to the TPS of £1,515.425 (2021.. £1.554,2911 and at the year-
end £199,795 {2021 £nill was accrued in respect OF contributions to thi5 Scheme.
The TPS is an unfunded mults-employer defined benefits pension scheme governed by The Teachers. Penslons
RegulatlOn5 2010 la5 amended) and The Teachers. Pension Scheme Regulations 2014 {as amendedl. 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.
Page31

ST HELEN'S SCHOOL. NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
20 Penslon Schemes (continued)
The employer contribution rate 15 Set by the Secretary of State following scheme valuations undertaken by the
Government Actuary's Department. The most recent actuarlal valuatlon of the TP5 was prepared as at 31 March
2016 and the Valuation Report, which was published in March 2019, confirmed that the employer contribution
rate for the TPS would increase from 16.4% to 23.6% from 1 Septernber 2019. Employers are also required to
pay a Scheme administration levy of 0.08% giving a total employer contribution rate of 23.68%.
The 31 March 2016 Valuatlon Report was prepared in accordance with the benefits set out in the scheme
regulations and under the approach specified in the Directions, as they applied at S March 2019. However, the
assumptions were considered and Set by the Department for Education prior to the ruling in the
'McCloudlSargeant case.. This case has required the court5 to consider cases regarding the implementation of
the 2015 reforms to Public Service Pensions including the Teachers, Pensions.
On 27 lune 2019 the Supreme Court denled the government permission to appeal the Court of Appeal's
judgment that transitional provisions introduced to the reformed pension scheme$ in 2015 gave rise to unlawful
age discrimination. The government is respecting the Court'5 decision and ha5 Said it will engage fully with the
Employment Tribunal as well as employer and member representatives to agree how the di5crirninations will be
remedied. The government announced on 4 February 2021 that it intends to proceed with a deferred choice
underpin under which members will be able to ch005e either legacy or reformed scheme benefits in respect of
thelr service during the period between 1 April 2015 and 31 March 2022 at the polnt they become payable.
The TPS is subject to a cost cap mechanlsm whieh wa5 Put in place to protect taxpayers against unforeseen
changes in Scheme cost5. The Chief Secretary to the Treasury, having in 2018 announced that there would be a
review of this cost cap mechanism, in january 2019 announced a pause to the cost cap mechanism following the
Court of Appeal's ruling in the Mccloudlsargeant case and until there is certainty about the value of pen5ion5
to employees from April 2015 onward5. The pause was lifted in july 2020. 2nd a consultation was launched on
24 lune on proposed changes to the cost control mechanism following a review by the Government Actuary.
Following a public consultaiion, the Government have accepted three Iiey proposals recommended by the
Goyemment Actuary, and are aiming to Implement these change5 in time for the 2020 Valuations.
The 2016 ¢05t control valuations have since been completed inJanuary 2022, and the results indlcated that there
wou5d be no changes to benefits or member contributions required. The result5 of the cost cap valuation are
not used to set the employer contribution rate. and HM Treasury has confirmed that any change5 to the
employer contribution rate resultirng from the 2020 valuations will take effect in April 2024.
Until the 2020 valuation is completed it 1$ not possible to conclude on any financial irnpact or future changes to
the contribution rate5 of the TPS. Accordingly. no provssion for any addition31 p2St benefit pension costs is
included in these financial statements.
Ibl For nor-¢eaching staff, the school operates a defined contribution scheme. The pension cost charge in respect
of that scheme amounted to £337,200 {2021.. £276,286}. Included in creditors are contributions payable to the
scheme amounting to £34,95512021.. £33,744). The school paid £22.509 (2021.. £12,509} to pensioners who are
members of che undefined pension.
Page 32

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
21 Comparative note5 to the financial statements
21.1 Statement of FlnÈnclal Actlvltles
Restricted restricted
2021
2011
£'ooo
£'ooo
Total
2021
£'ooo
Income from
Charitable activitie5
Fees Receivable
Ancillary & Other Income
Other trading activities
Non-Ancillary Trading Income
Investments
Bank and other investments
Voluntary Sources
Donations
Government grant5
18,599
219
18.599
219
512
512
25
25
206
206
Total incoming resources
25
19,536
19.561
Expendlture on:
Raising funds
Non-ancillary trading
243
243
243
243
Charitable activities
Education
18.437
18.437
Total expenditure
18.680
18.680
Net Income
Gain on unfunded pension
25
856
881
Net movement in funds for the year
25
856
881
Transfer of funds
Total funds brought forward
143
24,209
24,352
Total funds carrled forward
168
25,065
25,233
Page 33

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2022
21.2 Restricted Funds
1 Sept
1020
31 August
1021
£'ooo
33
Incomlng
£'ooo
Outgolng
£'ooo
Transf¢r
£'ooo
£'ooo
Bursaries Fund
Studen¢ Enrichrnent Fund
Capital Fund
Prize Fund
12
22
95
98
Donations
29
29
143
25
166
Prize funds represent donations received over a significant period where the donor specified that the income
was to fund a prlze.
21.3 Designated Funds
1 Sept
2020 Incoming Outgoing Transfer
£'ooo
£'ooo
£'ooo
£'ooo
38
31 Aug
2021
£'ooo
38
Development Fund
Development fund is to make provision for the development of the school estate$.
21.4 Analy51$ of net a55ets between funds
Restricte
d Funds restrlcted
Funds
£'ooo
Total
Funds
£'ooo
£'ooo
Con501idated funds at 31 August 2021 are
represented by
Tangible Fixed Assets
Net current a5setsllliabilitiesl
Credltors due after more than one year
Provision for liabilities
30.842
15.6241
{421
30.842
15,4561
168
168
25,065
25.233
School funds at 31 August 2021 are represented by
Tangible Fixed A55ets
Net current a5setsllliabilitie51
Creditors due after rnore tharn one year
Provision for liabilitie5
30.842
15.7121
{421
30,842
15,5441
168
168
24,977
25.145
Page 34