Company No. 00420867
Re&stered in En￿and
Charity N'o. 312762
ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
•ADZT0Yvi*
0510412025
COMPANIES HOUSE
#146

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
Contents
Page
Governor& Officers and Advisers
Annual Report of the Governors
Governor5, Report
Strdte&c Report
IndependÈnt Audieor's Report
20
Consolldared Statement of Flnancial Activities
23
Consolidaced Bilance Sheet
24
Sehool Balance Sheet
25
Consolldated Starement of Cash Flows
26
Notes to th¢ Financial StaEem¢nLs
27

ST HELEN'S SCHOOU NORTHWOOD
GOVERNORS. OFFICERS AND ADVISERS
YEAR ENDED 31 AUGUST 2024
GOVERNORS. DIRECTORS AND CHARITf TRUSTEES
The Governors of St Helen's School. Northwood {"the School") are the School's charity trustees under charlty
law and the direttors of the charitable company. The members of the Governing Body who served in office as
Governors during the year and subsequently are detailed below.
(1)
(2)
Mr P Young (Chair)
Mr N Boghani (Wice Chair)
s P Mongia (Vice Chair)
Mrs M Bhandarl
ppointed 22 September 2022
ppointed 2 December 2014
pointed 5 December 2011
pointed 30 September 2014
ppointed 18 November 2022
ppointed 23 September 2022
ppointed 12 July 2023
ppointed 7 August 2023
ppolnted 12 July 2023
ppointed 24 October 2022
ppolnted 1 July 2024
ppointed 3 June 2024
eslgned 11 January 2024
Resigned 12 January 2024
Ms S Davis
s A Espley
rDFr￿k
Mr B Tumer
r C Wauon
s Z Janmohamed
rs R Thakar
r D Tidmarsh
rvsaprn
r R Street
( l) Finance and Operarions Commlttee
(2) Education Committee
During the year the attivities of the Governing Body were carried out through two tommittees in addi¢ion to
termly Full Council meetin85. The membership of these cornmittees IS 5hovm above for each Governor.
Page I

ST HELEN'S SCHOOL, NORTHWOOD
GOVERNORS, OFFICERS AND ADVISERS
YEAR ENDED 31 AUGUST 2024
OFFICERS
Head
Mrs. Tracey Pollard (resigned 31- Augusc 2024)
Mrs. Bridget Ward {appointed 1rt September 2024)
Mrs. Amanda Adarnis
Clerk to the Governors:
Registered company number:
Registered charity number:
Prlncipal and Regirtered Office address:
00420867
312762
St Helen's School
Eastbury Road
Northwood
Middlesex
HA6 3AS
Bankers:
Barclays Bank plc
54 High Street
Rui$llp
Middlesex
HA4 7AT
Auditor
Haysmac LLP
10 Queen Screet Place
London
EC4R 1AG
Solicitors:
Veale Wasbrough Vizards LLP
Narrow Quay House
Narrow Quay
Bristol
BS14QA
Website
VVlthl.5thelens.london

ST HELEN'S SCHOOU NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
The members of the St Helen's School, Northwood Governing Council present their Annuai Reporr for the year
ended 31 August 2024 under the Charities Aa 2011. the Charities SORP and the Companies Act 2006. rhus
including the Directors. Repon and Stra￿lC Reporr under the Companies Act 2006, together with the audited
financial statements for the year. The consolidated financial statements include the financial st2tements of Sc
Helen's School. Northwood and Irs subsidiary company. St Helen's Enterprises knmlted.
.GOVERNORS> REPORT
CONSTITUTION AND OBJECTS
Sc Helen's School was founded In 1899 and Is regixèred wlth the Charicy Commission under charfty number
312762. The School's Governors, executive officers, address and professional advisers are as listed on page 1.
The school is a company limited by guarantee and 15 govemed by its memorJndum and arclcles of aSSOCia¢i¢n
dated 4 October 1946 as amended by special resolutions P￿Sed on 26 March 1996. 22 March 2(M)4 and 30 June
2015.
Charitable Objerts
The charlty's objects as set out in its memorandum of association are to:
advance education in particular by (but not limSted to) carryin8 on at Northwood In the Counry of
Middlesex and elsewhere as may from time ro time by the Chariry be thou8ht flE a day andlor boarding
school or college, or schools or colleges: and
advance rellgion through the proylsion for worship ind Insrrurtion In the Chrlstian tradition ind with
respett for all faiths. religion5 and religiou5 diversity.
AIMS. OBJECTIVES AND ACTIVITIES
Our students are intellecwally curious and eager to explore how they can best interdct wlth the world around
them. making a positive difference in their own unique way. They will be prepared for whatever the ￿tUre
hold5.
Our zir15 will:
Be excited abouc leamin& constantly asking ￿hY,.
Be independenL adventurous, and resilienL
Become the problem-solvers and trdilblazers of tomorrow.
Be guided by integrity and strong moral principles.
Celebrate diversity.
Sh¢)w compassion towards themselves and others.
Page 3

ST HELEN'S SCHOOL. NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
Our aims are:
To provide every sirl with the opporwnicy and resources to achieve 2cAdemlc excellence.
To equip our student5 viith the Person￿ skills. emotion￿ resilience. and confidence needed to reach
their full potential through a diverse, enrichin& and challenging co<urricular program.
To know. value, and re5pert each girl a5 an individual, supporring her journey through the school.
To ensure our girfs are ready to play a full and active role in their communities and an
intertonne¢red diy'tai world,
Chardrter Attributes: Resilience. Inte￿CY. Cout7ge. Kindness
Leaning Habi￿ Pursuic of knowledge. Problem solvin& Creaovrty, Metac0￿￿1on.
Oblectlve5 for the Year
The maln objectlves for the ye¥ were to:
Continue to provide a high level of eduation and maintain a high level of achievement throughout the
school rhrough the ongoing enhancernenr of staff professional development and leadership qualities.
Further develop the excepuonal pastoral care provided to &rls at the school.
Continue EO invest in the school's existing facilitie5 through stable fee income and prudent managemenc of
projecced surpluses.
The provlslon cf burstries co offer opportuni¢ies for &rls who. wlthout some flnanclal assisrance. ml8ht
not be able to take up a place at SL Helen's.
Develop links wlth local stace primiry Schools to promote School's bursary progrnmme.
GOVERNANCE AND MANAGEMENT
Governing Body
The charicy 15 run by its trustee5. who constitute the School's Coun¢ll of Governor5 and are the directors for the
purposes of eompany law. Council is self-appoin¢in8 and may from time to time invire universities (and other
furrher education bodie5) or profe55i0nal bodie5 to nominate a Governor. Council may consist of between five
and twenry member5. Service on Council is for a cerni of three years and reciring governors can be re-elecled a
maximum of 3 times after an initial term of 3 years. to serve up to 12 years in totai.
Council rakes its governance responsibilities Seriously and, as a large charity, aims to have a governance
framework that Is fit for purpose. compliant and efficienL The Council has established a solid foundatlon in
governance in which all trustees are clear about their roles and legai responsibilityes. are committed to 5upporring
St Helen's to delNer its objects m05c effectively for the benefit of its beneficiaries and contribute to the school'5
conrinued irnprovemenc.

ST HELEN'S SCHOOU NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
ernll. the School's Council of C.overnors meets nearly all of the recommended and best practice for
governance contained within the Charity Governance Code (published July 2017) across the Code's 7 principles
and is comforuble there are no significant areas of review required. Arrnngements will continue to be monitored
againx the best prattice principles contained within the Code.
Recruitment and trainlng of Governors
Governors are appointed a5 vacancies arise. New members of the Council of Governors are eletted based on
nominations from che Governors and the executive officers and on the candidates, professional qualities,
experiencei personal competence and aTrrdilability. Candidates are interviewed and the suitability of candidates is
discussed by Council before candidates are invited to join Council.
The genernl policy is that New Governors are inducted into the workings of the school. including Council policy
and procedures. a¢ an induttion sessron specially organised for them. The new Governors are also invited to
attend speclali5c external courses on the role and responsibilities of charlty tru5tee5 and in S¢hool training e.8Tr1
child proeertion and safeguarding delivered by the Designated Safeguardin8 Lead.
A5 required. Governors attend external trustee tralning and information courses designed to keep them infomed
and updated on current issues in the sector regulatory requirements.
Organlsational management
The School Governors. as trustees of the charity and directors of the company, are responsible for the overall
managernent and control of che school. Full Council meecs formally at least once a rerm. Committees are
staffed by appropriate governor5. wich rer4rd to experience. expertise and interest.
The Governors meet to review the strategy and performance of che school and to sec opeTrting plans and
budgets. The work of Implementlng thelr policies Is carried out by two Committees:
The Finance and Estates Committee, renamed the Finance and Operations Committee, scrutinises
reyenue, budge4 capital expenditure, HR and progress ardinrt the Estates Masterplan. building projects
and maintenance. This Comrnictee a150 supervises and finalises the audt¢ed financFal statements and annual
report for apprordl by the Council of Governors. The Committee is chaired by Nadeem 8oghani and
meets at least once each term.
The Education Committee considers educational and pastorxl policy, co-curricular opportunities and the
role of IT in education. The Committee is chaired by Ben Turner and meets once each term.
The Committees, decislons are ratified to the extent required by the full Councll of Governors. The day
ro day running of the School is delegated to che Head, Interim Direccor of Finance. Interirn Director of
Operatlon. and Senior Leadership Team. The Head and Interim Directors attend all meetings of Council
and its CornmitEees.
A new Head was appointed ID September 2024 and an Interim Finance Director and Interim Direccor of
Operations took up office in Occober 2024.
Employee Remuneration
The Council of Governor5 sets the remuneration policy for the Head wl£h the objective of recruiting,
rewardin8 and retaining # high-qualiry individual who is appropriarely incentivised to contribute to the success
of the school. The key management personnel in the School are che Senior Leadership Team which. apart
frorn the Head and the Interim Finance Director, consists of the Deputy Head Academi4 Deputy Head

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
Pastoral, Deputy Head Co-curricular & Partnersh.ips, Assistant Head 6 Form and Pupil Progress. Acting
Assistant Head Pastoral and Director of Operauons.
Remuneration is reviewed annually and considers generdl economic fattors and comparisons with peergroup
independent schools through consultant surveys to ensure that the School remains cornpetitive.
Group Structure and Relationships
The charity has a wholly owned non-charitable subsidiary. St Helen's Enterprise Limited. whose activities and
frading performance are discussed below.
The Sehool is a member of the Association of Governing Bodies of Independent Schools (AGBIS). the
Independent Schools. Council (ISC). the Glrls. Schools Association (GSA). the Independent AssociaElon of
Prep Schools (IAPS) and the Independent Schools. Bursars, Association (ISBA). The School networks widely
with ocher schools to promote high quality learning and to learn from others. experiences.
Envlronmental and Employee Matters
The School is mlndful of its environmenral responsibilities ind strives for irnprovement. Pupils and staff are
encouraged to use and recycle all types of resource carefully to conserve physical resources and ener8y. The
significant capital investment in the School Site over che past S years has ill been planned wlth environrnenul
considerations at the heart of any new bulldin85. including living green roofs, solar arrays. water attenuation
systems and enery efficient mechanical and elettrical installations. The Sc￿001,$ commitment to the
environment is recognised by the award of the Green Flag by the Eco-schools or8ano￿t10n. the award of the
London Borough of Hillln¥don's Travel Plan "STARS" accredi¢a¢ion (Gold level) and by the award of Fairtrade
School status.
St Helen's comprehensive health and fAfecy poSicles and provides a safe and healthy environment for irs
pupils and employees.
St Helen's 5$ committed to equal opportunities for all pupils and staff. Every effort is made to aeeommodate
pupils or staff with disabiliti¢s and to ensure that staff parcicipace in all career opportunities available. Full and
fair considerntion is given to job applications from disabled persons and due consideration is given to their
training and employment needs. Consultation with employees. or theSr representatlves, has contlnued at all levels
véith the aim of taking che views of ernployees inco accounr when decisions are made that are likely to affect
their interests.
Employees are encouraged to participate in che life of the School and are kept fully informed of events. Staff
meetings take place weekly during term and staff are consulted on material matters where appropriare.
Employees are made avftre of the financial and economic performance of the School.
Page 6

ST HELEN'S SCHOOU NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
STATEMENT OF GOVERNORSI RESPONSIBILITIES
The Governors, as Directors of St Helen's School. Northwood for the purposes of company law, are
responsible for preparing the Annual Report and rhe financial statements in accordance with applicable law
and regulations.
Company law requires the Governors to prepare financial scacements for each financial year which give a crue
and fair view of the 5rate of affairs of the charitable company and the group #nd of the incoming resources
and application of resources, including the income and expenditure, of the charitable youp for that period.
In preparing these financial statements, the Governors are required to:
selecr suitable accounting policies and rhen apply them consistently;
observe the methods and principles in the charities Statement of Recommended Practice (SORP):
make judgments and estimaces chat are reasonable and prudenG
stace whether applicable accounting scandards have been followed. subject eo any material deparrures
dlsclosed and explalned ift the financial statements..
prepare the financial statements on the going concern basi$ unless it is inappropriate to presume that
the charity wlll contlnue to operate.
The Governors are responsible for keeping adequate accounting records that are sufficient to show and explaln
the charitable company's trdnsactions. disclose with reasonable accuracy at any time the financial position of the
charitable company and enable them to ensure that che financial statements comply with che Companies Act
2006 and the provisions of the Chariws constitution. They are also responsible for safeguarding the assets of
the Charity and the group and hence for taklng re￿nable steps for the prevention and detectlon of frdud and
ocher irregulthties.
So far as each of the Governors at the date of this report is aware, there is no relevanr audlt information of
which the charlrable company'5 auditor is unaware. Each Governor ha5 taken all the steps that helshe ought
to have taken as a trustee in order to make himselflherself aware of any relevant audit information and to
establish thit the chariEable compiny'5 auditor is aware of Ehat infornlation.
Page 7

ST HELEN'S SCHOOL NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
MISSION STATEMENT
To provide an innovative 21M Century Education where girls thrive and succeed.
St Helen's believes in Gir15 and Glrls. Education.
The School does not belleve In glass ceilin8$. $tereorypes or prescripcive pathways.
St Helen's does not strive for perfection. but instead embrnce5 and encourages failure as a powerful
tool for learning and personal growth.
Strategic Plan
St Helen's seeks to provide an innovative education that empowers its gir15 to thrive and Succeed in the
21st Century.
Th¢ School is immensely proud of ICS Students, achieyemencs in public examinations, but for it education is
about so much more. We are committed ro developing young women who are kind. intellectually curious
and guided by integriry and strong moral principles. Our girls are problem-solvers, creative thlnkers. team-
players and leaders- they are equlpped with the skills whirh will enable them co make thelr mark In a rapldly
chan8in8 world.
We know how important it is tha¥ children have the space to thinl the support co learn from mistakes and
the freedom to have fun, and we seek to provide that space at St Helen's. We also know chat Ifwe wrdnt to
see change. we must drive it. In 1899, May Rowland Brown founded St Helen's School wich the foresight of
educating girls. through a holistic and challenging programme. 125 years later. we reflect on what came
before. but we a150 look ahead. We understand that whilst we are custodian5 of the much-loved craditions
of thi5 community, It 15 our responsibility to drive che School foThvard so that it continues to offer
modern, creative and intellectually excitlng curriculum which prepares our puplls to play a full and artive
pirr in cheir communities and in an interconnecred digital and global society.
We are proud Vhnd committed to single sex education. We do not follow srereotypes or pre5criptlve
pathways. At St Helen's. there 15 no such thlng as boys. subjects and glrls. subjects, boys. sports and 8lrls'
sports, or male careers ar*d female careers. There are simply subjects, spor¢s. and careers, and our girls are
supporred in pursuing whichever pathway their personal interests, passions, aspirations and talent5 lead
them toward5.
We know that girls often have perfectionist tendencies; this pressure for perfection is ubiquitous and
unrelenting. In education, it can resulr in &rls playing it safe,. being high achieving but passive learners who
avoid risk. swerve creativiry, and curtail ambition. At St Helen's we foster a mindse¢ that focuse5 on the
effon rather than the ouccorne. we embrace and encourage failure as a powerful rool for learning and
personal grovrth. We know how important it is for girls co have tne space to think, the support to learn
from misrakes and the freedom to have fun, and we seek to provide that space at St Helen's.
A successful and happy school depends on all of us working togecher.
One School. One Staff. One Purpose.

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
ACHIEVEMENTS AND PERFORMANCE
The 2024 GCSE 5urnmer results were largely In line with 2023's results and close to 2019 pre-covid
benchmark:
35% of all grddes awarded were grade 9s
60% of all students achieved grade5 9-8
82% of grddes avlarded 9-7
96% of grdde avrfarded 9_6
A level results
The A Level resuks for 2024 have returned co above pre-pandemic results of 2019:
83% of the cohort achieved A* .8 grades
53% of all this yeor's zrndes are A* and A grades
315tudent5 achieved A* and As across all thelr subjects
Higher Education and Careers
68% of the 2024 Year 13 cohort secured places at thelr first cholce unlverslcy.
STEM and Medical subjects Y￿re still the subject group with the most applications (40%) with Languages
dwindling from 4% to1%. There Nfds a distinct Increase In studerits applyins for subjects with•n th.e Social
Sciences with nine students wishing to study Law. Five students applied for
Busines51ManagementlFinancelAccounting which is the highest number we have seen.
The range of courses was stlll broad and inpluded:
• Art Foundation (King's Foundation)
• Data Science and Artificial Intelllgence (Bournemouth)
Economics, Finance and Dara Science (Imperial)
Engineering Degree Apprenriceship (Proccor & Gamble)
Fllm and Television Producrron (fork)
Information in Society (UCL)
Italian and Classics (Warwck)
Philosophy, Reli&on and Ethic5 {Sheffi¢ld)
Psychology with Innovation (Bristol)
Sociology and Global Sustainable Development (Warwick)
Sustainability and Environmental Management (Leeds)
8 students were interviewed aE Cambridge, and 6 at Oxford. In January 2024, 3 offers were made by
Cambridge fi)r the followlng courses:
Chemical Engineering and 8iotechnology
. Geogrdphy
Medicine
Page 9

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
61 % of those who applied to Oxbrfdse gained intervievts which is very good in a difficult admissions climate.
The addition of the Oxbridge Symposium for current Year 13s fin June 2024 whilst they were in Year 12)
supported students with their wider engagement and gave them the opportunity to collabordte vath like-
minded peers from other schools.
Co-curricular
Se Helen's School offers a rnnge of Co_curricular opportunlties for our $tudents across the vthol¢ school. In
the Senior Sehool. we aim EO give our students opporcunltles to perform in concerts and productions. to
repre$en¢ the School in competttive sporc, to exrend their experiences and broaden thelr horizons, or simply
to try out a new attivicy or to lead their ovm club or society.
'Our Co-curricular Provision therefvre oims to enrich and enhance the lives.
personal development and wellbeing of every girl. igniting new and existing passions
as well as hidden talents,,
Key Stage 3 Co-curricular Programme
Our Middle School Co-curricular Award was inaugurated in February 2023 and is launched each February to
Year 7 students. The avr4rd a1rn5 to reco8nlse achievement and ccmmitmenc in key areas of school Ilfe outside
of the classroom. The four categorles (Physical, Skill, Academic and Culture) are completed either inside or
outside of school. Successful completion of the Award leads to certificates bein8 presented at assemblies or
on Prize Day depending on the level achieved in each category. The Award can be completed at any poinE
between the February of Year 7 and the end of Year 9.
Key Stage 4 Co-currlcular Programme
As pan of our commltment to ensure that Co-curricular clubs and societies are equally a5 important as the
academic and pastOf41 life of the School. every student In Yeor 9 opts, alongside their academic options for
GCSE. to commit to one of four Co-curricular opcions for at least one academic year:
Combined Cadet Force (CCF) with Merchant Taylors. School (MTS) - Arry. Navy & RAF Secclons
Duke Of Edinburgh's Avard Scheme (DofE)
Fabulous Food Club (FFC)
Red Cr0$5 for Youth
Presentations are made In Year 9 introduclng each of the Year 10 Co-curricular options. and students are
asked to apply for the activity which they wish to join in Year 10.
Page 10

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
The alm of the CCF with MTS is to help our students co develop leader¥hip and teamwork skills by means of
training to promote the qualities of responsibiliry, self-reliance, resourcefulness. endurdnce and perseverdnce
and a sense of seryice to the community. Cadets from both our School and MTS are afft?rded the opportunity
to take part in many artivities throughout the year such 45 fieldcrdt shootin8 or flying. Tri-service opportunities
include par¢icipatiDg in national military parndes, and adventurous tTrining Such as parachuting and whitewater
rafting.
Duke of Edinbur8h'5 Award Scheme beglns in Year 10 and scudents can progress all the vfty to the Gold Award
In Year 12 and 13. St Helen's School is v¢ry proud to be a Directly kncen5ed Centre for the Duke of Edinburgh'5
Avrdrd Scheme, and a significant number of our own staff are involved in weewy trnining. as Y￿11 as supervising
and assessing the expeditions for our student5.
Our Fabulous Food Club (FFC) encourages pupils to develop life-long skills such as food preparaticn. budgeting.
knowledge around nutrition and health, and to develop network$ with the wider eommuniry. Studenrs use the
School Dining Room and kitchen learning how food brings communities and groups together and creatts a
cultural identlty, alongside developing chelr prnctical skills ro prepare dellcious dishes. The FFC contributes co
severdl whole School events throughout the academic year. such as our annual Open Day and their year
culminaces in an annual summer Afcernoon Tea Parcy.
The Red Cross lor Youth Group allovts students to get involved in :he y￿rk of the Brltish Red Cross throu8h
5UPPOrting the orrdnisation's aims and objectives. arrnnging our own events and activit•es. and becoming an
official Fled Cross Volunceer. The group is run In conjunctlon with the "Red Cross on Campus" Youth
Volunteering pro8rnmme. Students develop teamwork, evenc minagemen4 and leadershlp skills at the same (ime
as making positive difference to the world and actively en8agin8 with global issues.
Key Stage 5 Co-curricular Programme
In the Sixth Form. our s¢ud¢nts continue to enloy a rich and diverse Co-curriculum to complement thelr
academic studles.
A unique and integrnl aspecr of rhis Co-curriculum bs the Year 12 volunteering scheme with local primary
schools (see che partnership. outreach and public beneft activities for greater derail).
Students also have the opportunity to remain in the CCF wlth nearly all our senior student cadet5 recelvlng
promooons and leading sections both on a Friday and during the annual Inspection Day. Additionally. Sc Helen's
has i lon*standing association with Young Enterprlse. and w¢ have at leasc EWO companies set up and run by
Sixth Forni student5 each year. Studenrs also can apply for and interview co be a part of our PHAB ream. The
PHAB charity is an or￿nIsation which aims co make a real difference to the lives of disabled and non-di5abled
people of all ages. Lasr summer, 8 of our Year 12 and 8 of our Year 13 pupils participated in an activity residential
week in Avon Tyrrell in Hampshire where they were a tremendous credit to our School.
Scudents in the Sixth Form often run their own clubs and societies in collabornrion wlth their teachers. Last
academic year. a highlighc was the student rnn South Asian Society v*hich 5ucce55fully ran a "Desi Disco"
evening for all of Year 12 and 13: the students carried ouc all of the planning themselves. includin8 meeting
Page 11

ST HELEN'S SCHOOU NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
with the Business Director for budgering advice and meeting with the Risk and Compliance Manager when
putting together a robust Risk Assessment for the event. This year, a new highlight has been the inauguration
of the "Mock Trial" society. again led by Sixth Fom students.
House System in Senlor School
The House System in Senior School is a vertical system which provides opportunities for our students to
discover interests to complement their academic achievements and to meet and Interatt wirh students older
and younger than themselve5. Ic provide5 a comrnunicy where scudents work rogether and support each other
as well as offering opportunitles for healthy competition within a supportive atmosphere. It is also an effectlve
way of encourtging new students to feel at home. Our Houses Coordinator Is currently worklng to
strengthen even further our "House Families" iniciats¥e which launched last academic year.
Compe¢ltion betvrten the House5 takes place in Yar6ou$ forms: commendations which are w'ven in Years 7-11
go t¢)wards an overnll House poinr score for each term.
House Arrs Day takes place at the Yery end of the summer term when each House presents a performance to
che whole School and an ouuide *dludicator (often one of our alumnae) declares the overnll wlnner. Sport is
another are* where the Houses campete and there ire House Competitions in a range of sports throughout
the year. This aspect of che House System culminzces in Sports Day at the end of the Summer Term. As well
competition betV￿en che Houses. the four Houses fundraise throughout the year for each of the House
charities. The Head$ of Houses actively engage In fundralsing at the Chrlsrrnas Fairlcalendar Sale at the end of
the Autumn Term and In House Charities Week in the Sprlng Term.
Drama Performances
Drama is a real strength at St Helen's School. There are numerous opportunities for our students to perform
on stage and, in addition. we have very strong links with the Drama Department at Merchant Taylors, School
(MTS). Siudents from both St Helen's and MTS benefit from our very close joint vlorking relationship. During
the Autumn Term, MTS and St Helen'5 School partner for two major drdma productions. The Joint Musical is
alway5 a highlight in the school calendar with lasi year's The Addams Famity being a trernendous success, hosted
at St Helen's School. This year's produc¢ion. West Side Story, held in November 2024 at MTS v4as also a huge
succe55. The students from both schools also pir¢icipate in our annual Joint Senior Play- this year we are
hosting Federico Garcia Lorca'$ 81ood Wedding followln8 last year's very successful production of Enmn. hosted
at MTS. As ￿￿17 as these centre piece events. we host several smaller. but equally impor¢anL events
throughout the year such as the Middle School Play (aimed ar Year 8 and 9 pupils) the Year 7 Drama
Sh¢)wcase evening. There are also always very impressive perfomiances each year from our GCSE and A LevEI
students. with the Year 11 and Year 13 Drdma Devising Showcase evenin8 being parcicularly impressive.
Page 12

ST HELEN'S SCHOOL. NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
Trips and Visits
The 2023-2024 academic year presented a selection of educational trips and visits for students rdnging from
domestic day trlp5 to Immerslve oRr5ea5 experlence5. These trips and visits were designed to enhance
learning beyond the classroom, provide cultural exposure. and co foxer personal growth. In total, there we
105 trips durin8 the year.
overse0￿ReSIdentIOl trips
Netball weekend pre-season trip in September
October half term trips to France and Spain.
December ski trip to Au5cri3.
Music tour to Lake Garda in July.
Year 4. 5 and 6 residential trips.
Day trips
Sports trips - England Llonesses, All England badminron Chimpion$hlps and Pro League Hockey
Theatre trips
Activlty Day trlps to Thorpe Park. Horsenden Hlll. Kew Gardens
Pantomime trips for Year5 1-6
Historical trips - Battlefields
Conferences - MathslChernistrylPolitlcslPhyslcs
Communiry and Outreach trips
CCF trips
The learning outcomes of rhe excensive trip programme in 2023124 enhanced student appreciation for local
hiscoryp
culture and the arts. The trlps also developed teamwork, empathy and soclal skills and pve the
studenrs the opporcunities to make memories for lrfe.
Fixtures
The 2023-24 PE fixtures programme offered studenu from Year$ 4.13 a wldo rdnge of developmental
opportunities across districL regional and nauonal levels. The fixture5 were designed co promore physical
fitness, teamwork, competition and school pride, vthile providing struttured pathways for ialented students to
progress co higher levels of competition.
In total. there wer¢ over 200 fixtures ranging across several sports includlng netball. swimming, gyMn￿riC5,
dminton. football. athletiC5, lacrosse and hockey.
The district competitions were entered to allow for greater partlcipation and V￿re aimed at fostering talent
and building foundation skills. The regional competitions We￿ entered for the individuals who excelled ac
districc level and allowed for broader competition and exposure beyond the school's immediate localiry.
The national competitions allowed for the elite level studentslteams to compere on the national stage and
compete against top level performers.
Page 13

ST HELEN'S SCHOOL. NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
Equality, diversity and inclusion (-EDI")
Autumn 2023 Black Hi5rory Month was celebra¢ed by a senior School assembly on black women artisrs. A
post-colonial study day in 2024 for Year 12 was also orpnised. During the Spring Term 2024 the EDI
committee focused on Children's Mental Health Week (part of the 'lnclusion' strand). There vrts a150 4 very
successful Culturdl Diversity Day. with high levels of student engagement. Various talks and visits in the Prep
School included.. the Parn-olympians visit {SU1). Prep- Electric Umbrella Day in school (SU2). There is also a
mlling progrdmme of'Diverse Reads. posters around Senior School. There wa5 an excellent Senior School
assembly delivered by a Year 10 student on Neurodiversity to mark Nacional Autism Acceptance and a Pride
Picnic, led by our LGBTQ+ champlons as V￿11 as the ACS relaunch wlth an Afro-cirlbbean drumming session
in June 2024
Partnership? Outreach and public benefit artivities
In September 2021 St Helen's launched a piloc scheme aimed at strengthening links and fi)stering new
relationships between St Helen's and our local state primary schools. The pilot was a tremendous 5ucces& and
are now embarking on our third a¢ademlc year of this outreach and partnership prozramme. Each
Thursday, all Year 12 pupils volunteer in one of our eleven partner sta¢e primary schools deliverlng several
different activities rnnging from Music to Sport and Sclence experiments to Modern Foreign Language$ {"
MFL") tasters. Our studenrs are glven overdll responsibility ior creating the content of their 5e5sion (in
collaborntion with our teachers) and for delivering it to the primary children. The primary Headceachers haye
ommented tha¢ behaviour In their schoo15 is often becter on a Thursday as their children do not wftnt to miss
out on their session with St Helen's studentr. The primary Headteachers frequentty speak of the pleasure thac
they have in hosting our students and that chey are making a positive impact on the live5 of their lives. Our
students frequently comment on their outreach and volunteering experiences in their UCAS personal
sratements and CVS. Furthermore. these experiences can often be a stepping stone for later volunteering
opportunltles.
We also h05t severdl outreach and partnership ictivities on site for local state primary children throughout
the summer term. Last year. local children enjoyed an Arc and DT Day, a Sports Science and Animal
Behaviours Day, che always highly anticipated "St Helen's Crime Scene Inves¢igators ("CSI") Day" a
Microscopes Day and the MFL themed day. Ic Is always a loy co see the enjoyment and engagement of the
younger children working with our studenrs and Staff using our facilities.
We continue to work collaboratively with our local community. Our Year 13 pupi15 work in collaboration
with their counterparts from Northwood College on a project relating to pollclng wlthln che local area of
NOrthV￿0d and report their findings back ro the committee. This is an excellenr platform on which our
students can make a real and positive difference to our local community as the committee 15 made up of local
touncillors, the Metropolitan Police and represenratives from our local bodies.
Last academic year. we establi$hed i new partnership wlth a local charity- MHA Communities Wert London -
based in Norrhwood. a 3-minute walk from the school. This charicy aims to help elderly people in NOrthV￿0d
to "live later life VKII" Our pupils at*tsnd a lunchtime Soup & Sandwiches scheme. twlce a month. where they
hive lunch with Northwood residenrs and spend fiTne talking to them.
Page 14

ST HELEN'S SCHOOL, NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
As well as working viith several other local charitie5 across the Prep and Senior Schools it various points in
the year (e4. Great Ormond Streer Hospital). we continue to V￿rk very closely with PHAB UK. an
oryanisaoon which aims to make a real difference to the live5 Of disabled and non4isabled people of all ages.
The Spiritual, Moral, Social and Cultural Development of Puplls at St Helen's
School
We nurture the spiritual. moral. social. and culturdl development of our pupils and attively promote British
Values through vinually all parts of the curriculum, through extrd-curricular activities and within the day-co-
day operarion of our school, for example, in our behaviours and ethos, including the school wlde pursult of
the St Helen's Character Attributes (resilience. integriry. cournge and kindness). Pupils and staff respect
everybody's individual traditions and create an acmosphere of harmony. inclusiviry. curiosity. and community.
Examples of speclfic initiatlves are Remembrnnce Sunday community events, Cultural Diversity Celebrarlon
Days. culwral exchange trips to Spain and Germany. Eco Council. pupil leadership roles. charicy events
organised by pupils (such a5 che annual Christmas Pdir). pupil visits to local residential homes for the elderly.
and harvest festi￿] produce sent to local Hillingdon food bank5.
Assemblies across the School. be they whole school, phase. section. or year group. address broad social,
moral. spiritual, and culturdl issues. They reinforce a Sense of belonging, Common purpose. and vision. and
provide cpportunitles for our pupils to be exposed to a wide range of themes such as avrtreness of those less
fonunate than ourselves. mental health, body language and cultural and religious prdctices. The contributions
the pupi15 thern5elves make co our assemblies. whether devising them. delivering them. playing music. or
receiving avrdrds. help them to develop self-confid¢nce and self-esteem. SMSC topics are also regularly
explored durlng Clrcle cime, story time, tutor time. Philosophy and Religlous Studies, and PSHCE.
Our V￿11-$t￿Ctured Pastoral system promotes personal grovrth and development. Form Tutors and Class
Teachers know their tutees well and as individuals. as do Heads of Year and Phase Leaders. Pupils ire
omfortable in seeking support from staff in relation to any concerns about their own behaviour or that of
their friends. All pupils in Senior School reflect on cheir own academic and personal development through
one-to-one coaching conversations with staff and by undercaking self-assessmenr artivities. Conversations
throughout Prep School are also Increaslngly of a coaching type.
The PSHCE courses in Prep and Senior Schools allow our pupils to think abouo and as they get older, to take
responsibility for, the personal choices they will make and how these will shape their lives. Themes such as
democracyi responsible use of sociai media. resllience against rddicalisation. anti4>ullyln8. conflict. and
interpersonal relationships are addressed. and discussion 15 encouraged within a safe environment. There are
posters displaying the British Value5 in every Senior School form room and in Prep School class."ooms. as ￿￿11
as Britlsh Values displays In each of che Prep School buildings.
In Senior School. the PSHCE 5e55ion5 incliJde a Citle page to each session that include5 a PowerPoin¢ clearly
highlighting the Fundamental British Values and St Helen's Chardcter Attributes relevant to that se55ion. We
also trnck the SMSC connections acros$ sessions. While Spiritual and Cultural themes are occasionally
explored in PSHCE. most sessions relate to social and moral concerns. In our ought Chardtter Attribute
Page 15.

ST HELEN'S SCHOOL. NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
lessons with KS3. we specifically explore ethical questions through a range of activities. scenarios and group
work presenotions.
Our puplls understand the consequence$ of their behavlour and actions. We have clear policies for behaviour
and respond immediarely to any perceived prejudice, discrimination, or intolerance. This helps pupils to
develop their own posictve moral values. Their behaviour shows that they can distinguish between right and
wrong.
Pupils bring a diverse range of issues to School and Food Counci15. and they see how they can create change
through these means. For example. Meat Free Mondays vlas an initiative introduced as a direcc response to the
work of the Eeo Council.
Pupils leave St Helen's prepared for life ahead. cornfortable in thelr own skin. sensltlve co the clrcumstances of
others and with a Ilfelong love for learning. They contlnue to grow once they leave. Ind they contribute to the
wlder commLFnity both professionally and personally.
Pdge 16

ST HELEN'S SCHOOL. NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
FINANCIAL REVIEW
Results for the year
Pupil numbers remained stable and the School had a successful year financially viith incomrng resources totalling
£25.Sm (2023.. £24.1.m) with the majority (94%) 8enerared by school fees and other educational income.
St Helen's Enterprises operates under licence from the School #nd it5 activiues include renting the School
grounds and buildings as well as activities based in the Sports CompleK Income from the Enterprises wa%
expected to be slow to recover following the lifting of Covid restrictions. However, with an increased focus on
strnregic direcrion. marketing and rebranding to reflecc the launch of an Events offering in addition to the Sports
C¢ntre and venue hire. the School received a contribution from Enterprises of £31 Ok for the year. The year
ended with Enterprises generating £1,068,598 (2023 £1070,0Th)) revenue and £305,800 (2023.. £346,(XXI)
operating surplus in the year, enabling it to donace £305,81J) to the School under gift aid. The company held
£463.982 (2023: £522.Q)O) cash at the year end.
The Governors carefully considered the economic circumstances when considerin8 fee increases for che 2023-
24 academic year and balanced this against the School'5 5trate8ic plans ¢0 continue to improve the standard
of education offered and the facilities and staff resources necessary and its commitrnenc to bursary and
scholarship funding. The Governors agreed that fees should increase by 6% to £23,550 per annum with Prep
School fees increasing by 6% to £19,846 per annum from Sepcernber 2024. Following the imposition of VAT
from January 2025. the Governors announced che plin to mitigate the full financial Impatt on parents for the
202*25 ac2demi¢ year by utilising surplus funds.
In summary, day-to-day expendlture remalned well controlled and the School generated net Incoming
resources of £1.8m (2023: £2.1 m). Net Current liabilities srand at £1.99m (2023.. £0.96m) reflecting accrued
liabillties. At the year end. the School held no free reserves. Cash generated is invested in the provision of
educacionl particularly in Incr¢￿ed bursary funding.
Fixed Assets
The direttors are satisfied that there are no indicators of impairment to the market value of the School'$
freehold properties which is substantially more than the book value and hence a professional valuation
quan¢ifyln8 the difference Is not required.
Fundraising
Fundraising at St Helen's is an irnporont part of the operdtion of the khool but remains embryonic. Fundr4isin8
Is usually undertaken by the School's Development Office and affiliated organisations of, primarlly. volunteer
groups of parents and alumni. There are no professional fundraising organisations used and so no mon:toring
processes required. The School subscribes to the Fundraising Regulator and adheres to the Code of Fundrdisin8
Practice when undertaking fundrnslng actywty. There were no complaincs received by the School in relation to
fiJndrJising arrivicy in the past year. The School take5 irs responsibility to anyone who might be vulnerable very
seriously and this will continue to be considered in the School's approach to fundraising activlty.
Reserves Policy
The Governors are committed to a policy of continuin8 to improve the School through building 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 expenditure. As a consequence of the Governors. investment plans for
the School's buildings, the School does not currently hold any free reselves.
The Governors are avftre of a free reserves deficit and do not consider thar this presents a financial risk to
che School in the short to medium terni whilst net incoming resources remain strong. The School currently
plans to utilize its operating surpluse$ to mitigate the VAT impact on parents for the 2024-25 academic year
Page 17

ST HELEN'S SCHOOU NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
and defer further investment in buildings and facilities will continue to keep fu.ure requiremeftt for reserves
under review.
The Governors are satisfied that operating cash flows remain strong and will be sufficient to allow the School
to meet ics liabiliries as they fall due. However. the Governors also recognise that the levels of reserves will
fluctuate in response to economic conditions and during periods of strategic investmene in the School estate.
In July 2018. a small finance facility was arranged with the School's bank to accommodace short cerrn cash
ITOW requirements during the capical programme and this arrangement continue5. Regular dialogue is
malntalned with the School's bank co ensure chat the appropriate fin￿ClaI facilities are available Eo call on
should che need arise.
A¢cordingly. the Governors conslder that the going-concern basis remains appropriato for the preparacion of
the School's accounts.
RISK MANAGEMENT
The Council of Governors Is responslble for the managemenc of risks faced by che School. The Governors
reviews and agree the School's formal risk register and consider risks in the following areas:
Governance or rnanagemenc risks
Business plan implementation risks
Operational risks
Finanelal risks
Excernal and regulacory rlsks.
The Governors consider rhe principal risks facing the School to be:
Affordability. The Governors are mindful of the pressures on parents regardlng fees. particularly in the
current economic climate with the cost-of-livin8 crisis. imposition of 20% VAT. For the 2024-25
academic year. Governors have agreed absorb the VAT Ilabillcy for parents to help minimize loss of
pupils
FlnancSal Rlsk. The October Budget confirmed che imposi*aon of VAT from January 2025. loss of
Charitable Business Rate Relief and increase in Nathonal insurnnce contribution. The Governors are
actively developing mit1￿cIng actions including cost savings. absorbing VAT tg mitigate impact on
parents (i.e. co minimise the loss of scudencs) followed by gradual increase of the VAT burden on parents
over 3 years Eog¢ther with the provision of a Hardship Fund co help those in need.
Failures in Health and Safery. The Governors designate a Governor to monitor the School's Hewlth and
Safety arrangements. The designaced Governor attends Ihe School's regular Health and safety
Committee meetings and plays an active role in the monitoring of relevant high￿risk areas. The School
is supported by exrernal consultants who condutt independent annu31 Health and Safery reviews which
are scrucinised by che Governors.
The Governors are satisfied that all major risks identified are adequacely understood. being assessed and
managed across the School and that appropriate mitiDtion measures and controls are implemenced as and
when necessary.

ST HELEN'S SCHOOU NORTHWOOD
ANNUAL REPORT OF THE GOVERNORS (CONTINUED)
YEAR ENDED 31 AUGUST 2024
As part of the support s￿d to rhe Srrategy, the School has developed a 10-year Estates mascerplan followlng
on from the completion of Its previous plan which saw che development of the Junior School Building,
Mackenxie 6th Form Centre. School of Music and most recently the STEM building. There is also ) plan to
address the lack of dining room capaciry and to improve catering facilities in the Gables building. together
wlth dedicated changing faellities and a PE office which are poorty provided for across the School. Work on
the dedicated changing facllltles and PE Office was completed In the sprlng of 2024. However. the rest of the
plan Is now on hold whilx the full burden of VAT on fees is gradualty trnnsferred to parents.
The fve-yev 202S-30 strn¢egic visian for St Helen'5 School was released io wents In In FebrLtary 2025. The
strntegic vision provldes clarity on che direction of travel for the school.
The Governors are commltted zo further developing Ilnks wlth the state sector and local communlty In Ilne
with rhe Schools Together programme. The Schcol will be extending i¢5 connecrion5 with local state schools
60th Sn terms of shared educational oblectlves and chrough the furcherance crf our bursary progrnmme into
schools who have not prevlously considered the op¢lon of their girls attendin8 St Helen,
Thls Annual Repor¢ prepared under the Ch¥ltles Acc 2011 (he Companies Act 2006, VAS Ipproved by the
Council of Governors of St Helen's SchooL Northwood in thelr capacity as company directors approving the
Direcror5' and Scrdtegic Reports concained therein. and Is stgned as authorised on its behaff by.
Philip Young
Chair of Councll of Governors
Page 19

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST HELEN'S
SCHOOL. NORTHWOOD
YEAR ENDED 31 AUGUST 2024
Opinion
We have audited the financlal statements of St Helen's School. Northwood for the year ended 31 August
2024 which comprise che Consolidated Statement of Financial ActivlEles. the Consolidated and School Balance
Sheets. the Consolidaced Statement of Cash Flows and notes to the financial statements. including a summary
of significant accounting policies. The financial reporting framework that has been applied in their preparation
is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The
Financial Reporring Sondard applicable in the UK and Republlc of Ireland (Unlted Kingdom Generally
Accepted Accounting Prntcice).
In our opinion. the financial statements:
give a true and fdir view of the state of the group's and of the parent charitable company's aff4ir5 as ar 31
August 2024 and of the group's and parÈnt charitable company's net m¢)vemenc in funds. including the
income and expenditure. for the year then ended-
have been properly prepared in accordance wsth United Kingdom Generally Accepred Accounting Prdrtice;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We condutted our audlt in accordance with Internatlonal Scandards on Audlclng (UK) (ISAS {UK)) and
pplicable law. Our responsibilities under those srandards are further described in the Audicor's
responsibilities for the audit of the financial statements section of our report. We are independent of che
group in accordance with the ethical requirements that are relevant to our audit of the financial 5tacements
in the UK, including che FRC'S Ethical Standard. and we have fulfilled our other ethical responsibllicies In
accordance with these requiremenr5. We believe that the audit evidence we have obcained is sufficient and
ppropriaee co provide a basi5 for our opinion.
Concluslons relating to going concern
In auditing the financial SLltementS1 we have concluded that the trustees, use of the going concern b￿1$ of
accounrlng In Ihe preparation of the financial statements Is appropriate.
Based on the work we have performed. we have not Identified any material uncertainties relating to events
or conditions thaL individually or collectively, may cast significant doubt on the group's abiliry to continue as
going concern for a period of at least twelve months from when the financlal statemencs ire auchorised for
i55ue.
Our responsibilities and the re5pon5ibilities of the vustees wr¢h respect to going concern are described in
the relevant section$ of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information
Included in the Truscees. Reporc. Our opinlon on the financlal statements does not cover the ocher
information and. except to the e￿ent otherwise explicitly 5rated in our repo¢ we do not express any form
of assurnnce conclusion ch.ereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and. in doing so. consider whether the other information is materially inconsistenc with che financial
statemenr5 or our knowledge obtained in the audit or otherwise appears to be materially mis5(ated. If we
identify such macerial inconsisrencies or apparent material misstatements, we are required to determine
whether chere is a material mlsstatement in the financial statements or a material misstaternent of the other
information. If. based on the work we have performed. we conclude that there is a material misst2teme4t of
this other Information. we are required to report that fact. We have nothing to reporc in thls re8ard.
Page 20

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST HELENgS
SCHOOL, NORTHWOOD
YEAR ENDED 31 AUGUST 2024
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit:
the Information given in the Trustees. Report (whlch Includes the scrntegic report and the directors. report
prepared for the purposes of company law) for the financial year for which the financial statements are
prepared is consistent with the financial statements: and
the srrategic repor¢ and the directors. report included within the Trusree5' Annual Reporc have been
prepared in accordance with applicable legal requiremenrs.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent ¢harirable Company and Its
environment obtained duringche audiG we have not idenrified material misstatements in the Trustees. Report
(which incorporates the strategic report and the directors, report).
We have nothln8 to report in respecr of the following matters in relation ¢0 which the Companles Act 2006
requires u5 to report to you if. in our opinion:
adequace accounting records have not been kepc by che parenc charitable company; or
the p¥ent charitable company financial 5tatemenr5 are nor in agreement with the accounting records and
returns: or
cerr2in disclosures of trustees. remuneration specified by law are not made: or
we have not recelved all the information and explanations we require for our audlL
Responsibilities of trustees for the financial statements
As explained more fully in the tru5tees' responsibilities statemenc set our on page 7. the trustees (who are
also the directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being sat15fied that they give a true ind fair view, and for such
internal control as the trustees determine is necessary to enable the preparation of financial statements that
are free from material misstatement. whether due co fraud or error.
In preparing che financial statements. the trustees are responsible for ￿sesSIng the group's and che parenc
charitable company's ability to continue as a going concern. disclosing, as applicable. matters related to going
concern and using the going concern basis of acccunting unless che trustees either intend to liquidate the
group or the parent charltable company or to cease operations, or hive no realistic alternative but to do so.
Auditor's responsibilities for the audit ol the financial statements
Our objectives are to obuin reasonable assurance about whether the financial stacernents as a whole are free
from materlal mSssEatement. whether due to frauo or error. and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance bur 15 not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material rnisstatement when it exiKs. Misstatements can arise
from frnud or error and are consldered material if, individually or In the a88regate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities. Including fraud. are instances of non-compliance with laws and regulations. We design
procedures In line with our responsibilities. outlined above, ¢0 detecc material misstatemenrs in re5pec¢ of
irregularicies. includin8 fraud. The extent ro which our procedures are capable of dececring irregularities,
including fraud is detailed below-
Based on our under5tandin8 of the charity and the environment In which it operntes. we identified that the
principal risks of non-compliance with laws and regulations relaced to the in(iependent school regulation5.
safeguarding regulation5, health and 5afery requirements. GDPK employment law and charity law and we
considered the enent to which non-compliance might have a material effect on the financial statements. We
also considered those laws and regulations *hat have a direct impact on the preparation of the financial
Page 21

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST HELEN'S
SCHOOL. NORTHWOOD
YEAR ENDED 31 AUGUST 2024
statements such as the Charities Act 2011 and the Companies Act 2006 and consider other factors such a5
PAYE tax.
We evaluated rnanagement's incentive5 and opportunities for fraudulent manipulation of the financial
statements (including the risk of override of controls) and determined that the principal risks were related
to the improper recognition of revenue and management bias in accounting estimates. Audir procedure5
perforrned by the engagement team included:
Inspecting correspondence with regulaiors and tax authorities",
Discussions with management including considerntion of known or suspetted instances of non<ompliance
with laws and regulation and fraud:
Evaluating management's controls designed to prevent and detecr irregularities.
Identlfying and testing journals. in particular journal entries posted at the yearend;
Challenging assumptions and judgements made by management in their critical accounting estlmates.
Because of the inherent limitations of an audiL there is a risk that we wlll not detect all irregularities. inclvding
those leading to a marerial misstatement In the financial statements or non-compliance with regulation. This
risk increase5 the more that compliance with a law or regulation is rernoved from the events and transactions
reflected in the financial statements. as we will be le$5 likely to become aware of instances of non-compliance.
The risk is a150 greater rerarding irregularities occurring due to fraud rather than error. as frydud involves
int¢ncional ¢oncealment. forgery. collusion. omission or misrepresentation.
A fvrther description of our re$ponsibilitie$ for the audit of the financial statements is located on the Financial
Reportlng Council's website at: wwr*4.frc.org.ukJaudltorsresponsibilicies. This description forms part of our
audicor's reporc.
Use of our report
This report is made solely ro che ¢haritable company's members, ￿ a body. in accordance wich Chapter 3 of
Part 16 of the Companies Act 2006. Our 3udit work ha5 been undertaken so that we migh¢ state to the
charitable company's members those matter5 we are requlred to srate to them In an Auditor's report and
for no ocher purpose. To the fullest extenc permitted by law. we do not accepr or assume responsibility to
anyone other than the charitable company and the charitable company's members, as a bodyp for our audic
work for this repor4 or for the opinions we have forrned.
Kathryn Burton
Senior Sotutory Auditor
For and on behalf of
Haysmx LLP
Statutory Auditor
10 Queen Street Place
London
EC4R 1AG
Date: 4th April 2025
Page 22

ST HELEN'S SCHOOL, NORTHWOOD
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
AS AT 31 AUGUST 2024
Restricted Unrestrrcted
2024
2024
£'ooo
£'ooo
Total
2024
£'ooo
Total
2023
£'ooo
Notes
Income from
Charitable activities
Fees Receivable
Ancillary & Other Income
Other trading artivities
Non-Ancillary Tradlng Income
Investments
Bank and other invesrmenrs
Voluntsry Sources
Donati¢)ns
Government Grants
Total incoming resources
23,874
375
23.874
375
22.638
244
1.069
1,069
1.070
229
229
141
2S.547
25,550
24.098
Expenditure on:
Raising funds
Non4ncillary trading
386
386
386
386
350
350
Charitable artivities
Education
Refunded Donatlons
Total expendithre
23.508
23,508
110
24,004
21.609
110
110
23,894
21.959
Net income
(107)
1,653
1.546
2,139
Galn on unfunded penslon
Net movement in funds for the year
(107)
1.655
1.548
2.154
Transfer of funds
(29)
26
{3)
Totsl filnds brou8ht forvnrd
303
28,511
28,814
26.660
Total funds Gvried forward
17
167
30.192
30,359
28.814
All income and expenditure relates to continuing activities.
The notes on pages 27 to 39 form part of these financial 5L1tements.
Page 23

ST HELEN'S SCHOOU NORTHWOOD
CONSOLIDATED BALANCE SHEET
AS AT 31 AUGUST 2024
Notes
2024
£'ooo
2023
£'ooo
£iooo
£'ooo
Fixed assets
Tangible ¥sets
30.959
30,253
Current assets
Debtors
Cash at bank and in hand
10
871
559
3,451
4,010
(5.323)
6.960
7,831
(5,996>
Creditors: amounts falling due
wlthln one year
12
Net ￿rrent Ilabllltles
1,835
1,313
Total assets less current
Llabllltles
32.794
28,940
Creditors: amounts lalllng du¢
after more than one year
Deferred Income
Provlsl<>ns for liabllitle$
Q.349)
{42)
Unfvnded pensions
Net assets
14
17
86
30.359
84
28.814
Funds
Restricted
Unrescritted
Toc¥l funds
15
167
30,192
30,359
303
28,510
28.814
17
The consolidated income and expenditure account Includes a surpkjs of L1.475.000 (2023: £1,80S.000) which Is
dealr with in Che financi￿ statements of the parent company.
Approved and authorised for issue b .the Board of Directors on and signed on irs behalf:
Philip Young (Dirertor)
Nadeem Boghani (Director)
The notes on pases 27 to 39 fomi part of these financial statements
Page 24

ST HELEN'S SCHOOU NORTHWOOD
SCHOOL BALANCE SHEET
AS AT 31 AUGUST 2024
2014
£*ooo
2023
£'ooo
£•ooo
£'ooo
Fixed assets
Tangible assets
30,959
30,253
Current assets
Debcors
Cash at bank and in hand
1.159
6,496
7,655
841
2,929
3.770
Credltors: amounts falllng due
within one year
(5,824)
(5,093)
Net current Ilabllltles
1,831
1,323
Total assets less current liabilitles
32,790
28,930
Creditors: amounts falling due after
more than one year
Deferred Income
ProvIsI<￿5 for liabllities
.349)
(42)
Unfunded pensions
Net assets
30,355
28.804
Funds
Restricted
Unrestricted
Total fvnds
167
30,188
30,355
303
28,501
28,804
Approved and auchorised for issue by the Board of Dlrectors on
and signed on irs
b¢haW:
Philip Young (Director)
Nadeem Boghanl (Dlrec¢or)
The notes on pages 27 to 39 forni part of these financial statements
Page 25

ST HELEN'S SCHOOL, NORTHWOOD
CONSOLIDATED STATEMENT OF CASH FLOWS
AS AT 31 AUGUST 2024
No
2024
£'ooo
2023
£•ooo
£'ooo
£•ooo
Net outhow from operations:
Net Cash provided by operating attivities (i)
5.350
3.069
Cash flow from Investlng artlvltles:
Purchase of tangTble fixed assets
Income from bank & other investments
Net cash (used in) I provided by
Investing artivities
(Z070)
229
(959)
141
(1.841)
(818)
Change in cash and cash equlvalents In
the reportlng period
3,509
2.251
Cash and cash equir4lents at beglnning of
period
3,451
1.200
Cash and cash eqUkValen￿ at the end of
the reporting period
6.960
3.451
(l) Reconciliation of net income to net cash flow fmm Operating activitles
2024
£'ooo
2023
£'ooo
£pooo
1.548
£'ooo
2.154
Net incoming resources
Elimination of nOn￿perating cash flows:
Investments Income
Depreciation charge
(Increase)Idecrease in debtors
(De¢rea5e)lincrease in Eredirors
(excluding the fees in adrdnce scheme
and parents, deposit)
Pension Scheme revaluation
Loss on disposal of fixed assets
Increase In fees in advance scheme
creditors
Increase in parents. deposits
(Decrease) in deferred income
(229)
1.083
(312)
(141)
1,154
58
(380)
(2)
281
(21)
(14)
844
210
2.307
207
(331)
3.802
915
Net s￿h infiow from operations
5.350
3.069
(li) Anotysis of Cash & Cosh equivalents
2023
£'ooo
6.960
2024
£'ooo
3.451
Cash at bank
Overdr&ft
&960
3.451
Page 26

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
The company is a Privote limited company incorporoted in the Englond and Wales (registered no. 00420867) and
operotes frnm its registered office in Eastbury Roo4 Northwood, MiddlespJ. HA6 3AS
1 ACCOUNTING POLICIES
(a)
Accounting ¢onventlon
The finanoal statements have been prepared in accordance with the Financial Reporting ST2ndard applicable in
the UK and Republic of Ireland (FRS102). the Companies Act 2006 and the Statement of Recommended Prdctice
applicable to charities preparing thelr accounrs in accordance with ¢h• Flnanclal Reportlng Standard applicable
in the UK and Republic of Ireland {FRS 102}- Second Edition.
The funaional currency of the School Is considered to be G8P because that is the currency of the primary
economic environment in which the School operates.
The accounts are drawn up on the hiscorical cost basis of accountin8. ￿ modified by the reydluation of
investment propenies and other investmenrs.
The School ha5 taken advanrage of the exernption available to a qualifying entity in FRS 102 from the requiremenc
¢0 present a charlty only Cash Flow Sratement with the consolidated financial Statements.
The School 15 a Public Benefic Entity registered as a charity in England and Wales and a company limlted by
guary4n¢ee. It was incorpordted on 04 Occober 1946 (company number.. 00420867) and rew'stered as a charlty
on 21 March 1963 (charity number: 312762).
The School has taken advantage of the exemption under sectlon 408 of the Companles Att 2006 nor co publish
Its own Income and expenditure accounL
Crltlcal accountlng ludgements and key sources of estimation uncertainty
In the applicatlon of the accounting policies. trustee5 are required to make judgements, estimates, and
assumptions about the carrying value of assets and liabilities that are noc readily apparent from other sources.
The estlmates and underlying assumptions are based on historical experience and other faetors that are
consldered to be relevant. Attu￿ resulu may differ from these escima¢es.
The estimat¢s and underlying assumptions are reviewed on an ongoing ba515. Revisions to accounting estimates
are recognised In the period in which the e5tirnace is revised If the revSslon affecLS only thac perlod. or In the
period of the revision and fvture periods If the revision affected current and future period
In the vlew of the trustees, no assumptions concerning rhe future or estimation uncer¢ainry affetting assets or
liabilities at the balance sheet date are likety to resulc in a material adjustment to cheir carrying amounts in the
nex¢ financial year.
(b) Going Concern
Havlng reviewed the fundlng facllitl¢s ava112ble to the School together with the expetted ongolng demand for
places and the School's future projected cash flovls, the Governors have a rea50nable expettation that the
School has adequate resources to continue its activities for the foreseeable future and consider that there were
no ma¢erSal uncertainties over the School's financlal viability. Accordingly, they contlnue to adopt the going
concern basis in preparing the financial statements.
(c) Consolldatlon
The consolidated financial 5ratement5 con501idate the financial St1￿Ments of the School and its wholly owned
subsidiary. SL Helen's Enterprises Limited. company number 02834608. No separdte Statement of Flnancial
Attivities (SOFA) has been presented for the charley alone, as permitted by Settion 408 of the Companies Att
21JO6.
Page 27

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
(d) Fees receivable and similar income
Fees receirdble and charges for rhe use of P￿rniseS are accounted for in the period in which the service is
provided. Fees receirdbles are s￿ted after deducung atlowances, bursaries, scholarships and other remissions
granted by the School from its unrestricced hjnds.
Fees received in advance of the academic year to which they relace are treated as a deferred r¢venue In creditors
and released in the year to which they relate.
Donations are accounted for when the School l<novts with probability that the funds will be received. Donations
received for the genernl purpose of the School are credited to unrestrirted funds. t>onations $ubjpct to the
specific wishes of the donor are credited to the relerdnc restrirted fund. Where donations are received
otherwise thw in cash. they are valued ac the market f41ue of rhe underlylng assets received at the date of
receipL
(e) Expendlture
Atl expenditure is account¢d for on an accrnals basis and has been classified under headings that a8gre¥ate all
costs allocated to that category. All expendicure is stated gross of irrecoverable VAT. Charitable expenditure
comprises those cost5 incurred by the charity in the delivery of irs ￿(iVilieS and servlces for its beneficiaries. It
Includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary
to support them.
Suppory costs comprise genernl managemen& goyernance, ￿COuntIng and financin8, Governance costs are che
costs assoclated with the general running of rhe charltable company as opposed to those costs assoclated wlth
fundraising or charitable activiry. Included within this caregory are cosu associated with the strategic as opposed
to day-to-day managemenc of the charitable company's activities. The remainder of the support cosu are shovm
as support costs of schooling.
(fj Bursaries
Bursaries funds are provided for and included in expenditure for the period to 31 August 2024 as they are
sublect to revlèw at the end of that period.
(g) Operatlng leases
Rentals under operating le35es are charged on a strnight-line basis over the lease term, even if the payments are
not made on such a basis. Benefits received and receivable ?$ an incentive to sign an operating lease are similarly
spread on a strdl8ht-line basis over the lease term.
(h) Flxed assets and depreclatlon
Depreciation is pro￿ded on fixed assets in use except freehold land. at rdte5 designed to WTite 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. flttlngs and equipment - 10% of cosr
Compucer and pool equipment- 33 113% of cost
Motor vehlcles - 25% of cosc
Gym Equipment - 20% of cost
Acquisityon of equipment for educational purposes is Tr*vritten off to education costs in the year of purchase.
Assets in construction are capitalised but not depreciated until brought into use. Significant building
Improvemen￿ fixtures, fittings and equipment are capiralised and carried in the balance sheet ac hisrorical COSL
Items costing less than £2.000 are written off in the year of purchase unless undertaken as a projett in which
case the whole amount is capitali5ed.
Page 28

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
(l) Pension schemes
The School conuibutes to the Teachers, Superannuation Scheme xt rdtes set by the scheme actuary and advised
to the board of directors by the scheme administrator. The School also contributes to a defined contribution
scheme for non-teiching stsff. The contributions charyed to the income and expenditure account in respett of
both scheme5 are those payable in accordance with the rules of the schemes.
The School has unfunded pension commrtments to fornier employees. Prowsions for the capital cost of the
commitments have been made based on the life expectancy of the former employees. based on calculations
performed by a qualified actuary. It was assurned that the annual payments would increase at the rate of increase
in the reul prices index each year. A discount factor equivalent to the yield on long dated M rated corpordte
bonds v￿S used to calculate the cost of c4ptsl.
O) Flnanclal Instruments
Basic financial instruments are initially recognised at transaction fdlue and subsequently measured at arnortlsed
cost with the exception of investments which are held ar fair Y41ue. Financial a55ets held at amorrised cost
comprise cash ar bank and in hand. together with trnde ind other debtors. A specific provision is rnade for debts
for which recovernbility Is In doubL Cash at bank and in hand 15 defined as ￿1 cash held in InstanE access bank
accounts and used a5 working capital. Flnancial liabilities held at amortised cosc comprise all creditors except
soclal securicy and other t￿e5 and provisions.
(k) Funds
Fund5 held by the charity are:
Unrestrlcted funds are funds which can be used In accordance with the School's objects. ac the dlscretion of the
directors.
Restricced funds are fijnds that can be used for particular restricted purposes, within the obietts of the School.
Restrictsons arise when specified by the donor.
2 STATUS AND MEMBERS
The company Is limited by guarantee. and therefore does not have a share caprtal. Each member agreed tha
in che event of che company belng wound up, he or She wlll contribute co the asse(s a sum not exceeding one
pound. Control of the company is vested in the Council of Governors.
3 TRADING ACTIVITIES
The School owns 100% of the issued share capital of St Helen's School Enterprises Limited (Enterprises). The
principal activity of the company 15 to genernte income for the use of the School in support of the School's
educational objertives.
During the year the inter-company transattions betmeen the School and Enterprises amounted to £327,216
(2023: £344,333) excluding gift aid. During the year. Enterprises paid the School £327,216 (2023: £325.350) in
relation to a service charge and £60.000 (2023- 160.00)) in relation to a licence fee. In addition, a gift aid payment
of £305.800 (2023: £345,851) vrts made in relarlon to rhe 2023 taxable surplus.
The company donates its taxable profits to the School each year under the Gift Aid Scherne. Its trading results
ex¢ratted frorn its audited accounts were:
Page 29

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
2024
£iooo
2023
£'ooo
Turnover
Cost of sales
Gross profit
Administrative expenses
Net profit
Sundry 5ncome includinz Grant
Interest
1.068
63
1,070
(608)
462
431
136
128)
334
295
11
Donation under 81ft ald
Retained profit
306
346
Current Assets
484
586
CREDITORS: amounts falllng due within one year
476
578
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CAPITAL AND RESERVES
Called up share capical
Retsined earnings
SHAREHOLDERPS FUNDS
Page 30

ST HELEN'S SCHOOU NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
4 FEÉS REceivABLE
Consolidated
2024
2023
£￿00
00
Tuitit)n
25,942
25,942
24.550
24,550
Scholarships
Bursaries
(616)
1,4S2
23,874
<495)
1,417
22,638
The toral number of pupS1s in receipt ol.
Stholar5hipi and lty<•i dis£¢)un¢
Burs¥los
Numb¢r Number
144
138
78
79
5 ANCILLARY & OTHER INCOME
Consolidated
2024
2023
00
£Y)00
Other eduational Income
Regi$rr•tion f••$He￿ In lieu of notSce
198
198
149
149
Other anc•llary in¢&*ne
Rent re¢•1V￿le
Ochèr
£￿00
49
128
177
£YJoo
38
57
95
6 CHARrrABLE Acrivrry EXPENDITURE
D•pr•c-
latlon
Total
2023
£'ooo
Staff Other
£'ooo
'ooo
2024
£'ooo
£'ooo
Teaching Costs
Weltsre Costs
Premise5 C05t5
Support Costs
Refvnded O¢Jnations
12,743
354
736
2.975
815
1,538
1.407
2.246
110
6.116
13.558
1.892
3.223
5.221
110
24.004
12.358
1,751
3,570
4.280
1.080
16,808
1.080
21,959
Induded In Support Costs
Audlt fths - ¢urrent year
39
34
Durin8 fh• y•ar. £1.314 Y*7$ r•lmbursed to Gtrfftnors P023 - £3781.
Page31

ST HELEN'S SCHOOL. NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
7 STAFF INFORMATION
2024
£'ooo
12,725
1,269
2,373
16.367
441
16,808
2023
£'ooo
11.467
1,234
2.002
14,703
387
15.090
Wages and sal¥ies
Social securiry coscs
Other pension costs
4gency soff
The number of persons employed
durin8 the year vffj:
Number
183
185
368
Number
179
166
345
Teachin8 Staff
Non-teaching sraff
No emoluments were pald to che directors of the schod.
The number d ¢n)ployees vthose emoluments ¢xc¢¢d¢d £60,000 was:
Number
NLimbtr
£60,001 - £70.000
£70,001 - £80,000
£80.001 - £90.000
£90,001 - £100.000
£100,001 £110,000
£130,001 . £140,QQO
£170.001 - £180.000
23
14
18
12
Contributioris of £771.569 were made to the Teachers, Superannuation Scheme for 41 (2023 - £422,925
for 24) higher pald employees and coneriburions amounting to £52,508 were made co a defined
contrlbucion stheme for 6 (2023 - £3,5060 for 5) higher paid employees.
2024
£'ooo
1.492
13
2023
£'ooo
1.442
sregate employee remuneration ol key ffl￿ageMent personnel
Number of employees
Redundancy and cermination paymenrs of £106,908 were paid during the year Q023 - £90,956). There
V￿re no amounts ouutanding to be pald at th¢ year end. Sep¥at• non contractual paymenrs were made
Nil (2023 - £175k)
Page 32

ST HELEN'S SCHOOL. NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
School
luvnlture
and
•qulpm•nt
Sub51dl4ry
lurnltur• &
•qulpm•nt
Fr¢•hold
bulldlngi
M•tor
v•hltl•J
Sthool
Tatal
Group
Total
8 TANGIOLE FIXED A55ÉTS
Land
'ooo
'ooo
£'ooo
l'ooo
'ooo
'ooo
£'ooD
Colt
At 1 S•pr•mber 1023
Addit￿￿*
Transfers
DIsp05als
At 31 August 2024
51
3&418
195
4,676
646
831
41171
2.070
146
42,317
2,070
1,416
12,1981
2,198
281
281
181
44,106
51
J8,335
2Q3
S,322
49
43.960
146
D•pr•cl4tlon
At 1 Styternb¢r 1023
Charle lor the y•ir
Dlspoials
At 31 Au8llSt 2024
7,974
n6
167
10
3,777
347
11,918
1,093
146
11064
1,083
8,7fp)
177
4,124
13,001
146
13,147
N•t btsvk v8lu•
At 31 AuRuit 2024
At 1 S•pt•mbqr 2023
51
29,635
26
1.198
49
30.959
30.959
51
28,444
899
831
30,253
30,253
The co$t of freehold l￿d and bulldlni5 InekJd•3 £51,047 rnlaoni to land12023.. LS1,0471 whkh Is not depre<iatqd15ee note 1 Ihll.
Pw33

ST HELEN'S SCHOOL. NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
9 SUBSIDIARY UNDERTAKINGS
The school has a subsidiary company. St Helen's Enterprises Llmited. which is wholly owned and incorporated
in England and Wales. company number 02834608. The principal 4ccivity of St Helen's Enterprises Limited is eo
generate trdding income for the School.
10 DEBTORS DUE WITHIN ONE YEAR
Consolldated
Total
Total
2024
2023
Sthool
Total
2024
Total
2023
Du¢ ￿thin one ye¥
Trade debtor3
Amounts owed by subsld•ry undertthn8
Prepayments & accrued income
313
112
298
308
553
1,159
50
346
445
841
558
871
447
559
11 CASH AT BANK AND IN HAND
Consolidated
School
Total
Total
Total
Total
2024
2023
2024
2023
£pooo
£?000
£'ooo
Éjooo
Current accounts
6.9S9
3,450
6.495
1928
Cash in hand
6,960
3.451
6,496
1929
12 CREDITORS DUE WITHIN ONE YEAR
Consolldated
School
Totsl
Total
Total
Total
2024
£'ooo
2023
2024
2023
£'ooo
£'ooo
£'ooo
Trnde creditors
294
320
283
315
Fees in advance
Deferred income - received for the 2025 academic year
Fee deposits
Tuation & social securtry cosrs
Other credicors
2,069
613
1,570
309
1.838
2.069
489
1,570
304
1.648
1.360
1.358
289
290
656
743
656
743
Accruals
485
772
452
739
5.996
5.323
5.823
5.092
Creditors due greater than 1 year
Fee In Advance Scheme
2,307
2.307
Page 34

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
13 ADVANCE FEE PAYMENTS
Consolidated
£'ooo
1.838
(1.838)
4,376
4,989
School
£'ooo
1,648
(1.648)
4.376
4.865
At 1 September 2023
Released in year
Cash received in advance
At 31 August 2024
14. PENSION SCHEMES
Consolidated and School
2024
2023
'ooo
£'ooo
98
24
(23)
15)
84
At 1 September
Paid durin8 the year
Decrease In provislon
Re-valuation
At 31 August 2024
25
(21)
(2)
86
15 RESTRICTED FUNDS
1 Sept
2023 Incoming Outgoing Trnnsfer
£'ooo
£'ooo
£'ooo
£'ooo
52
31 Aug
2024
£'ooo
52
Movement in year
Bursaries Fund
Student Enrichment Fund
Capital Fund
Prize Fund
Donations
104
107
139
303
110
29
110
(29)
167
Prlze funds represent donatlons recelved over a significant period where the donor specified that the income
was w fund a prize.
16 DESIGNATED FUNDS
1 Sept
2023 Incoming Outgolng Transfer
£'ooo
£'ooo
£'ooo
£'ooo
38
31 Aug
2024
£'ooo
38
Development Fund
Development fund Is to make provlslon for the development of the school estate&
Page 35

ST HELEN'S SCHOOL. NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
17 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Restrirted Unrestricted
Funds
Funds
Totsl
Funds
Consolldated funds at 31 August 2024
are
£:000
£'ooo
represented by
Tangible Fixed Asseu
Net current assetsl(liabillttes)
Credirors due after more than one ye¥
Provision for liabilities
30,959
1.668
(2.349)
(86)
30.192
30,959
1.835
(2.349)
86
30,359
167
167
School funds at 31 August 2024 are
represented by
Tanwble Fixed Assets
Net current asset51{liabilitSes)
Creditors due after more than one ye¥
Provlslon for Ilabillcies
30,959
1,664
(2.349)
86)
30.188
30,959
1,831
{2.349)
(86)
30,355
167
167
18 CAPITAL COMMITMENTS
Tho $¢hool has no capital commitments for the year end 2024-25 (2023 - £1.783,000).
19 TAXATION
No liabiliry to United Kingdtsm taxatlon arisès by vlrtue of the charitable status of the S¢hool. Profics arising in
St. Helen's Enterprises Limited are gifted to the School.
20 PENSION SCHEMES
The School operates tsvo pension schemes which cover the maioriry of its employees. The &ssers of the scheme$
arn held separately from those of the School. beln8 invested with elther the state or insurance tompanles. and
are independently administered.
{a). The penslon charge for the year Includes contributlons payable to the TPS of £1,881,505 (2023: £1.602.882)
nd at the year-end £231,563 (2023.. £190.138) was accrued In respect of contrtbutlons to thls scheme.
The TPS 15 an unfvnded mulri-employer deflned beneflts penslon scheme governed by The Teachers, Pensions
Regulations 2010 (as arnended) and The Teachers, Pension Scheme Regulations 2014 (as amended). Mernbers
contribure 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 piid by public funds provided by PxrliamenL
The employer contribution r4te is set by rhe Secretsry of State following scheme valuatlons undertaken by the
Government Actuary's DepartmenL The mosc recent actuarial ￿luatIon of the TPS vfas prepared as at 31 March
2020. The Valuation Repo￿ was published in October 2023.
Followlng the Mccloud judgemenL the remedy proposed that when benefits become par4ble, eli8ible members
can elecr to receive them from either the reformed or legacy schernes for the period 1 April 2015 to 31 March
2022. The actuaries have assumed that members are likely to choose the option that provides them with the
greater benefrts. and in preparing the 2020 valuation have ￿lUed the greater value, benefits for groups of relevant
members.
Page 36

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
The employer contribution rnte is sec by the Secretary of State following scheme valuations undercaken by the
Governmenc Actuary's DepartrnenL The most recent actuarial valuation of the TPS vns prepared as at 31 March
2020. The Valuation Repor4 was published in Ottober 2023.
Following the Mccloud judgemenL the remedy proposed that when benefits become payable. eligible members
can elecc to receive chem from either the reformed or legacy schemes for the perlod 1 April 2015 to 31 March
2022. The actuaries have assumed that members are likely to choose the opcion that provides thern with che
greater benefits. and in preparing the 2020 Yaluation have valued the'greater Ydlue. benefi￿ for groups of relevant
members.
The Yaluation confirmed that the employer concribution rate for the TPS would increase from 23.6% to 28.6%
from 1 Aprll 2024. Employers are also required to pay a scheme admlnistrdtion levy of 0.08% giving a total
employer contribution rate of 28.68%.
(b) For non-ceaching soff, the school oper&ces a defined conrriburion 5cherne. The peDslon cost charge In respect
of that scheme amounted to £363.718 (2023: L375,780). Included in creditors are contributions payable ¢0 the
scheme amounung to £49,465 (2023: £45,957). The Sch¢xJl paid £25.188 (2023., £23.762) to pensioners who are
members of the unfunded pension.
Page 37

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
21 COMPARATIVE NOTES TO THE FINANCIAL STATEMENTS
21.1 Statement of Flnanclal Artivities
2023
Notes Restricted Unrestricted
2023
2013
£'ooo
£'ooo
2022
Totol
2023
£'ooo
Total
2022
£'ooo
Income from:
Charltable actlvltles
Fees receivable
Ancillary & other Income
Other trading activities
Non-ancillary trnding Incorne
Investments
Bank and other investments
Voluntary sources
Donations
Government 8rant
Total incoming resources
22,638
244
22,638
244
19,865
253
1.070
1.070
992
141
141
130
24,093
24.098
21,247
Expenditure on:
Raising funds
Non-ancillary trndin8
350
350
350
350
324
324
Charltable actlvltles
Education
Total expendlture
21,609
21,959
21.609
21,959
19.509
19,833
Net Income
2,134
2.139
1,414
Gain on unfunded penslon
15
15
13
Net movement in funds for ehe year
2.149
2.154
1,427
Transfer between fvnds
Total funds brought fonrdrd
298
26.362
26.660
25.233
Total funds carried forward
17
303
28,511
28.814
26,660
Page 38

ST HELEN'S SCHOOL, NORTHWOOD
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 AUGUST 2024
21.2Analysis of net assets between funds
Restricted Unrestrlrted
Funds
Funds Total Funds
'ooo
£'ooo
£'ooo
Consolidated funds at 31 August 2023 are
represented by
Tangible Fixed Assets
Net current assets1(liabilities)
Creditors due after more than one ye¥
Provision for liabilities
30,253
{1.6161
(42>
84
28.511
30,253
(1.313)
(42)
303
303
28,814
Sthool funds at 31 August 2023 are
represented by
Tan&ble Fixed Asset5
Net current assetslQiabilirles)
Creditors due after more than one y¢ar
PrO￿$10n for liabilities
30.253
(1,626}
(42)
84
28.501
30.253
(1,323)
(42)
84
28.804
303
303
22 RELATED PARTY TRANSACTIONS
All Governors are required ro complete an annual return recordlng organlsaESons wlth whlch they are Involved
and where there could be potential conflicrs of interesc. All such transactions are at arm's [en￿h and on
standard commercial ternis.
On¢ Governor has a daughter at th¢ School on full fees (without any remission). There are no further rellred
party transactions.
23 POST BALANCE SHEET EVENTS
On 30 October 2024. following consultation of drdft legislaclon. the government confirmed that leoslacion would
be enatted to introduce VAT on private school fees. and this came into force on 1 January 2025.
The government eonfirnied that buslness rates relief would be removed from 1 April 2025 for private Schools
wlth charirable sucus.
Page 39