COMPANY NO: CHARITY NO 1134697 325028 CASTLE COURT SCHOOL CASTLE COURT SCHOOL EDUCATIONAL TRUST LTD (Limited by Guarantee) FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 l¢ontinuedl Pa Company Inforrnation Governors. Report 4-10 Audito¢s Report 11- 13 Staternenl of Financial Adivilies 14 Balance Sheet 15 Cash Flow Statement 16 Notes lo the Financial Statements 17-24 Page 2
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED ILimiled by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 Iconbnuedl COMPANY INFORMATION Governors-. Mr l Johnston (Chairl Mr Peter Wells ' {Chairl (Resigned 281021241 Mr A Dobbins - Mrs A Pnngle" Mr M Creelh" Mr C Hartland" Mr T DeS Mrs E Moss (Resigned W011251 Mrs C Riley Mr Danny Morris Mrs H Dousl (Appointed 28102124} Members of the Finance ar General Purposes Committee Clerk lo the Govemorslcompany Seoyelary". Mr N P Norris Registered Office.. Knoll House Knoll Lane, Corfe Mullen Wimbome. Dot5el BH213RF Website.. vwthl.casllecourt.M Auditors.. Fletcher & Partners Chartered Accountan15 Crown Chambers Bridge Street Salisbury SPI 2LZ Bankers.. HSBC 83nk plc 37 Market Place Blandford Forum Dorset DT11 7AG Head.. Mr A Pilkington101109123 to 301031241 Mrs K Johnson IAppoint2d 311031241 Bursar.. MrNPNorris Page 3
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 Intinued) The Governors present their annual report for the year ended 31 August 2024 under the Companies Act 2006 and Ihe Charities Act 2011 ano the Charities SORP 2015 together wth the audited accounts for the year and confirm that the latter Gompty th the qUirementS of the Act. the Memorandum and Artides of Association and the Charities SORP 2015. REFERENCE AND ADMINISTRATIVE INFORMATION Castle Court School Educational Trust LiFnited was incorporated in 1973 (Company Reg. No. 11346971. Its registered charity number is 325028 Ilhe Charity). Governors have therefore prepared the account5 to compty wth Ihe requirements of the Cotnpanies Act 2006 and the charib.es Act 2011. The Govemors of Gaslle Coltrt Sthool (the school). are also the Charity Trustees. and wtho served during the year, are listed on Page 3. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document The Charivs goveming documents is its Memorandum arHI Artides of Asso(aation. Governlrbg Body and Managemènt The Governors determine the general polw and strategic direction of the School. Effect is given lo this by meetings of Governors and the followng sub committees Finance and General Purposes Committee Imeels termtyl EducatlDn Committee (rneels termFyl rtharketing committee Imeels twce a year} E Safely Imeels lce a yearl Remuneration Committee (meets annualtyl The day-to-day managetnenl of the School is delegated lo the Head and the Bursar who 2re considered to be the key management personnel of the Sohool each of vho attend all meetings of the Board and committees. The remuneration of the key management is sel by reference lo cornparalive posts in the independent School sector and is reviewed annualty- Recruitment and Training of Governors New Governors are nominated by existing Governors and are invited to meet the Chair and wsit the School. After careful consideration by both parties new Governors ale appointed at full Govemors, meetings. New members are inducted info the workings of the Charity and the School by their peers and AGBIS. Training is provided during eath acAdemic year by both internal and extemal providers. The Governing body consider5 a de range of professional ski115 required lo function effectivety as a boaFd. The follo7n9 skiHs and expertise amongst others are identified as being important and are represented on the Board. * SafegLJarding • Education *Law ty Cornmercial and Business opeialions • Finance and Accounting • Marketing and Fundraising • Property Management and Development * Hea5th and Safety • Pastoral Care Page 4
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED ILimiled by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 {continueil) STRATEGIC REPORT The Strategic Objectiv8s The objects are sel out in the Memorandum and Arbdes of Association. They are to promote and provide for the advancement of education and in nnection Iherewlh lo conduct. cairy on. acquire and develop in the United Kingdom any boarding or day Sthool or Schools for the education of ¢hildren of either sex or both sexes, to provide first dass education for thildren based on sound Christian training and to undertake such anallary activities as are contained in the Mernorandum and Artides of Assooalion. The objects have not changed since the last report. The Charity carries out ils objects in operating a day prep and pre-pp School for glrts an¢J boys at its premises al Corfe Mullen, Dorsel. The principal risks and un¢grtaintre5 The major risks lo lch the Sthool is exposed. as identified by the Govemors, are reVieEd * least annualty, and systems have been established lo miligale those risks. The key controls used by the Charity indude.. Forrnal agendas for Governors. and Committee meetings- Comprehensive strategic planning. budgeting and management accounting.. Established organisalional Structu and lines of report">ng", Formal ritten policies th a regular review process to ensure regulatrjry Complian.. Clear aulhorisation and approval levels.. Approval of expenditure levels., and Vetting produreS as required by law for the protection of the vulnerabie. Financial review and results for the year The School had an operating surplus of £109.704 Isurplus in 2023 of £453,927). At the erKI of the year the nel assets of the School increaseil to £4,818.99612023 £4,707,293). During the year the school disposed of fixed a55ets resulting in a loss of £2.765. Investmènt Powèrs These are govemed by the Artides of Association. ¥thich allow investments to be made sn the name of the Company or in the name ofthe Trustees. Resorvgs Policy The Governors. policy is to seek to achieve an operating surplus each year. whith will allow the Sthool lo ¢ontsnue to develop its educational activilies. As explained by Note 13 lo the Financial Statements. apart from a certain amount of working capital is needed to run the School, il is intended that the accumulated fvnds at 31st August 2024 should be used lo develop the School'5 educational activities. The Governors expect that the School's existing sourCeS. Vth any additional finan they arrange, TrMII continue lo be sufficient lo finan its ordinary activities and its continuing development programme. Financial Key PerforTnan¢• Indicators Pupil numbers for the year 279. In July 2024. at Ihe end of the academic year. Menty five pupils leftyear 8 to go on lo their Senior sthools. knrith the majority moving on lo independent schools. It was a strong year for scholarships across all (*isaplines: academic, sport, musicand drama wth a lolal of thirteen scholarships avJrded lo Bryanston, Boumemoulh Collegiate, Canford. Ciayesmore, Millfield and Winchester. In addf(ion lo those leaving in Year 8, thirteen pupils from Year 6 moved on lo senior schools. Page 5
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 Icontinuedl PRINCIPAL ACHIEVEMENTS OF THE YEAR This year. Castle Court celebrated ils 75th anfttversary. This ha5 given us the opportunty to reaffimi the foundations and values which lie al the heart of this school. whilst also looking lo the fLrture and ensuring that our pupils are equipped wilh the skills, knovAedge and tharacter necessary lo be successful in an ever<hanging, global %wrld. In the Summer Tenn. the Govemors and Senior Leadership Team carried OLrt a consultation vAlh parents and staff regarding the key priorities for the sd)ool. This has enabled us lo reaffim INJr ethos. aims and values and identify dear strategic priorities for the school.. rhe schtrols vision.. Our vision is for each pupil lo receive an outslandFng. alkround and innovab.ve education in an inspiring and naturalty beaLrtifvl leaming environment. We want to cultivate a love of leaming and enable eaeh child to grow and ftourish in all areas of life within a loving, nurturing community. Casue Court has the Christian faith at the centre of its foundatson. and as such famity values are al the CO of sthool life. The schools aims are to ensuts.. The child's learning and well-being are al the heart of all that WE do. The educational experience is knOedge-ri¢h. rigorous and well- balanced antj Whe academic expectations are conlinualty exceeded. Each child is nurtured through outstanding pastoral care so they can flovri5h inside and otjtside the dassroom. Each child is provided wlh a stron9 foundation and compass for life- prepared wth the skills needed for future SucsS in a global worfd. Our kny stratsgic priorities are to Enhance our child-¢entered approach. grounded in our vibrant PSB slruclure. and ty making the most of our beautiful estate. Develop the learning experTen¢e and leadership opporiunities for Years 7 and 8 whi15t ensuring that all pupils are effectively prepared for their senior school of choice and for the futu. Significandy raise the profile of the school and spread the word abo the benefits of a Caslte Court education. Create a learning culture which develops talented and pa55ionale professionals vtho in bjm inspire ¢xJriosty, leaming and ingenuity. Grow dynamic partnerships and cornmunities that enrich the CCS educational offer. Implement a business model of diverse income streaS that keeps fees as affordable as possibFe and delivers surplus to reinvest in bursaTies and facility imprtsvements. As part ol our 75th lebratIOnS, have been teconnecting with CNd Castellans as they have a ¥%Ealth of experience and skills which can be used lo further enhance the educational provision at Castle Court. As part of this. ve have implemented our Scott sees Lectures inviting Old Castellans back lo the school lo give inspiring talk5 to our pupils and staff. These lectures have covered various tOPiC5 including sport Icricket and golfl, entertainment, TllUSiC. the military, and journalism. At Easter, we held a lunch for Old Caslellans and friends followed by a servi¢e of thanksgiving in Ihe Minster attended by the Bishop of Sherbome. To further enhance our outdoor leaming provisiori, have created an ouldoof learning dassroom vknich wll be fulty opened in September 24. This facility 11 be used by pupils from Nursery to Year 8 to enable Ihem to benefrt from our wonderful woodland estate and to promote our'learning Ihout walls, educational philosophy. Staff have received outdoor learning training from Campfire Wild Adventures and s%e hope lo develop this partnership further. We have also strengthened our co-curricJJlar offe¥ing to ensure that all pupils have a breadth of opportunty and are encouraged lo step outside their comfort zone and try new skills. As part of this. we have introduced a new sailing programme consisting of a RaTr Squad vthich ppare5 pupils for sailing Competitive and a 'Learn to Sail, dub which És open to all pupils al want lo leam this skill. We have also developed a partnership Mqlh a local farm giving our PrePrep puplls a greater understanding of how to care for anirnals. To further enhance our co-curricu5ar offering, we w51 be inlrodu¢ing a new Character an(J Values Education ICAVEI programme from September 24 whi¢h wll combine pupil wellbeing, leadership and PSHE through the themes of self-care. people-care and earth-ca. The Pre-senior Baccalaureate IPSBI continues to be a key strength of the school and lies at ihe heart of our approach to edu¢ation. PSB enables the school lo continue lo build on its strong foundation and heritage of a knedge rid7. a¢ademicalty challenging Curriculum whilst also ensuring that our pupils have the skills necessary to be life-long le3mers and successful in an ever<hanging W0d. Vve continue lo be recognised as a flagship school for the PSB wlh staff undertaking and leading national PSB training. In January. %%e gained an excellent report from PSB follorng their audit of the school Nthich highlighted how the PSB skills were evnbedded throughout the school from Reception to Year 8. 11 also highlighted the constructive dialogue which lakes pla beiween pupils. teacheTS and tutors helping pupils to understand Ythere they are in relation lo the core skills and how lo further improve their subject skills. Pupils Kere able to talk effectivety about how being a PSB school benefits them and their learning. Comments induded il is about'Growng young people, noljust academicalty, but opening thesr minds...11 develops our skills, espeaally in leadership...It prepa$ us for the wortd after school.. .It allow5 YOU to explore that you feel passionate about.. .il's not just about grades.... about how we interact with others., In June. the school held a 'PS8 in Action. day enabling colleague5 Irom other PSB schools to obseNe how Castle Court has embedded PSB into our curriculum and how it underpin5 our tearthing and leaming. Pupils continue lo make excellent academi¢ progress, regardless of their starting point. as shown by assessment data from slandardi5ed tests. For example, in the 2024 Year 7 PTM lesls. 57% of pupils made uCh higher than expected progrèss. The Combined Analysis Reports for this year show that in Year 6 82% of pupils made at least expected Pro955 in their NGRT vthen compared h%ith their CAT 4 and 420/0 made higher or much higher progress. Page 6
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Litniled by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 (conlinued) The school continues lo prepare pupils effectivety for a range of different senior schools with a number of our pupils gaining scholarships. This year. pupils achieved 13 scholarships which induded an Election to Winchester College_ The scholarships gained s.. AGademic- 5 Art-1 Sports- 4 l-rounder- Drama-2 Information Technology We continue lo invest and develop our use of IT across the enlire school. HP Probooks a fully embedded in Years 4- 8 arvj enable pupils to collaborate or swrk independently on core PSB skills. As part of our IT development, we updated the devi$ for our Year 65 lo HP Probooks wth a much hHJher specifi(xtion and we plan lo complete a similar Ljpgrade for our Year 6 and 7s befo the start of the next academic year. We continue to use iPads in Years 1- 3 wth specific educational Apps installed io develop independence and enhan their learnin9. AJI dassrooms have LCD touch screens, and these support a diverse approach lo leaching vdlhin the classroom. E-safety remains al the heart of the school and is given a high priority, and oui pupils are heavity involved in produang e- Safely guides lo their peers and parents using our social media site5. The school has a single 1 GB11GB broadband connection, and our Wi-Fi network has centlY been reconfigured to ensure fast intemel acSS across the enti sile. Smoothwall and Secutus filtering and monitoring software are used lo ensure that pupils remain safe online al school and when using the devi$ al home. Pastoral Care Effective pastoral care continues lo be a key a3 of strength aosS the sthool. Our posib.ve behaviour $teM'Tracklt Ligh15' Introdud last year. is now embedded wlhin the school from Years 24. This enables PLtpi15 lo benefit from being glven meaningful and immediate visual feedback and praise via an interfatt on the inleraGlive whiteboards. Pupils are avBrded for consistently displaying the PSB core skills and our 7Cs s¢hool values. The award of these is then cornmunicated electronicalty to pants. There continues lo be thar systems in place to offer pastoral support and advice to our children. Pupils have fom) lulors. 0 are the first point of colllacl for any worries or concerns expressed by them or their parents. These lulor5 work lo develop strong. trusting latIOnShipS with each child in our school, giving them a sense of belonging and making Ihetn feel listened to, valued and iespe¢ted. The school now has 3 trained ELSAS providing targeted and focused 5UPPOrt to pupils. During the January INSET, the ELSA team gave further information lo staff on their important work and the role they play in supporting the wtllbeing of pupils. Castle Court also has a house system vthere Year 8 pupils lead 'families' made up of other pupils from Years 2-7. This helps to promote a feeling of ollegiality and community around the school. Pupils have a voice through our lemity School Council meetings in ¥thich they can help lo effect real change. Throughout the year. events were held lo support the welfare of pupils. In November 2023, Anb-Bullying Week saw pupils wearing odd socks as a sign of individuality. and an opportunity for children lo express themsetves and celebrate their uniqueness. The Ihetne of 'Make a Noise, was unpicked in PSHE lessons and form assemblies. In February. held our annLEal Mental Heath Awareness Week wlh pupi15 partiapating in range of activities induding a whole sd)ool Wake and Shake.. campfires and smores and a range of mindfulness activrties. Performing Arts & Musi¢ The 2023124 academic year was another very productive year for the Perforn)ing Arts department Jl Castle Court. In addition lo their wrriculum lessons. every Child in the school had the opportunity lo perforni on stage. OUF Nursery. Reception and Pre-prep children perfomied in nativity plays in the autumn lerm and in summer temi 'Jamborees'. Every ¢hild in Years 3 to 6 also perfomed in a year group performance with spring term performances for Year 3 who performed poems, dances and songs lo the theme of'our Favourite Time of Yearf and for Year 4 put on production of 'Pirates arNJ Seafolk,. In the summer lerrn all of Year 5 pul on a perfornian inspired by Roald Dahl's 'RevoEting Rhymes, and our Year 6 pupils put together an outdoor perfOan of"A Midsummer Nighfs Dream" directed by members of the English department. Performing arts presentations took pla in both the autumn and spring terms with pupi15 from Years 3 to 8 performing monologues. duologues and individual and group dance routines. The senior productlon of 'Peter Pan. was then perfomed at the end the summer lemi, involving pupils from Years 6 10 8. In addition lo our established drama and dance curriculum. our public speaking course vras delivered lo pupils in both Years 7 & 8 in order to give specific support lo our older pupils as they delivered tslks on their PSPQ projects al the end of the academic year. Music continues lo permeate through the beating heart of the school w4th high levels of participation from children in Nursery lo Year 8. Aongside academic effort and achievetnent. the emphasis is on ex(lenCe. involvement and fun, following the motto, "Music 15 cool in our sthool" During the year, ABRSM. Trinity Rock & Pop, Rookschool and LCM Musical Theatre practical exams tesulted in 100% pass rale for over 50 individual exams. With most ¢hildren performing at least once. the school continue to host infom)al concerts, da5s concerts. a whole school Chri5ttnas carol & Easter Servi and a whole school Harvesi festival service. all VthIn the first two lem)s. with pre-prep and year 3 & 4 pupils taking centre stage In their concerts in the SUrner term. Music was also a focal point vAlhin our 75th AnnNeTsary Service. involving current and fotrner pupils, parents, staff and governors. There is a w*kly hearSal of a community choir. involving parents and 51aff, perforni alongside the senior choir in the events named above. sOe of our more advanced musicians took fnUSiC scholarships to their choice of senior school. participated in Drthestral days at local senior schools and pupils from a local senior school came lo Castle Court to perform lo and inspire our thildren. Being the leaders of the school, they also seek lo inspire our younger musicians through perfornian5 and the support they provide. Our year 6 pupils attended and participated in a concert with the Boumemoulh Symphony Orchestra together wlh pupils from other schools in the county. Many children participate in individual music lessons and music ensembles th over 160 music and music theory lessons taking place each %%eek. Page 7
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 Iconlinuedl Sports The school's extensive grounds and facilities offer an ideal envimnment for pupils lo engage in a diverse array of sport5 throughout the year. These sports include Rugby. Football. Cricket, Netball Badminton. Tennis. Dodge Ball. GymnastiC5: Swmming, Golf: Biathlon. Volleyball, Alhlelics, Cross Country. Biathlon to name just a few. The broad speclTum of sports allows for a sport for all philosophy whilst balancing the demands of repSentatiVe and competitive tournaments. festivals and events. The schoo15 club programme was increased lo allow more opportunity and eady moming sports programmes such as swmming and running were increasingly popular among pupils. Several pupils achieved national success in 5POrts such as Athletics, Swmffling. Biathlon. Sailing. Football. Criekel, Motor Cross. Polo and Dancing. The school hosted Ioc81 primary school events in Cross county showcasing the dedir3lion and endurance of our pupils vthilst offering the opportunity for local children lo also take advantage of the s¢hool's outstanding facilrties arKI grounds. In addition lo competing in local, county, regional and national corllpelitions the pupils also had opportunities to attend elite level sport as spectators as the school attended events al Wetribley stadium and at Teatn Bath Netball. Continuing 8 proud tradition the school saw numerous pupils represent Dorsel across a wde range of sports and the school introduced a new Strength & Condib"oning programme for potential sports scholars %%ith numerous pupils being offed scholarships and awards at Senior schools. The school's teams competed in national competitions. highlwjhts include., National Schools Biathlon Finals IAPS Athletics National Finals IAPS Swmming National Finals Girls U11 Hockey County Champions U11 Football County Cup U13 Netball PEDSA finalists U13 & U11 County Cup Crid(et U13 & U11 County Cup Cricket U 13 IAPS Sailing Finalists U11 & U13 Sailiry County Champions Site Facilities Over the COLJFse of the year the school has continued to upgrade and improve the faaliises afound the Ggmpus in lirse wth the f8alities development plan. Significant investment has continued in improving both the indoor and outdoor learning environment for d)Ildft at the younger age of the school. The new off grid outdoor classroorn was wmpleted in Juty 24 and supports the school's ethos of outdoor leaming. The next stages of the sustainability programme commenced wlh the installation of a Air sour Heat Pump IASHPI lo heal the swmming pool. During the next academic year a series of PV panels sbill be installed to work in partnership with the ASHP. resulting in a totally off grid healed swimming pool. Page 8
CASTLE COUR T SCHOOL EDUCATIONAL TRUST LIMITED ILimited by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 Iconlinue(l) PUBLIC BENEFIT In accordance wlh Section 17 Of the CharitTes Act 2011. the Governors as Trustees have had regard lo the guidan of the Charity Commission on public benefit requirernenls. Governors have undertaken an assessment of their Compliance wilh the Charity Code of Govemance. Identifyable Benefits The School's policy is lo provide 3 Christian education of high 3(ademic standards. to promote music. art, drama. design technology, sport and ouldooi aclivilies, aiming at wide participation and excellence in achievement and by doing so fulfil its dedared aim, which is to promote and provide for the advancement of education (which il does at no cost to public purse). Beneficiaries During the year the School educated 279 gids and boys from 2- 13 years and at the end of the year 41 of them moved on lo senior schools lo continue their eduGation. Grant-making Policy The school supported 63 PLJpils with Bursanes, Scholarships and discounts. As il has no endovrnenls, the school mu51 fund this support from ils reserves. The process of widening access continued thrtsugh the provision of means-tested bUarles. As a result, 43 children who might othewse not have attended the school were assisted wth lees. All asyards and bursaries are open lo any family and are based not only on financial need bLrt also on an assessment of how much a pupil wll benefit from all that is on offer at the school. The Govemors are al¥rdyS willing to explore helping a pupil when there 15 famity hardship and the pupil's education, and futu pmspects are at risk. Othèr Public Benefft A¢tivi¢i8$ The school provided direct benefft to the local ¢ommunty by employing 110 people. many of them from areas immediatety adjacent to the campus. The school's fundraising activib'es continued, benefiting thatttses at home and abioad. provitling charitable almost £5,700 in donations ID Julia's House la local hospice lor children).. Cantei Research. Tearfund. Save Ihe Children. DEC Ukraine Appeal, Margaret Green Animal Rescue and Corfe Mullen Food Bank. In addition, this yeai £4.000 was raised lor playground eqUIpnt for pupils at Matumaini Rehabilitation Centre- Kenya. The school made ils faolilies and reSoUrS available thout charge for educational and recreational use to local organisaliDns and sthools, induding Henbury View School. Sl James First School. St Mary s Church, The Lanlem Church, YFC Dorset. Page 9
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 Iconlinuedl Future Plans The Leadership Team and all the staff at the School continue in their quest for excellen and ambition to create an outstsnding educational offering which places pupils at the heart ol Iheir leaming. Building on the rigorous academic foundation laid dom over the last 75 years. The Governors conduct regular reviews of fee levels. reserves, budgets, and sh flow projections in response to emerging financial risks. These risks include the introduction of VAT effective from 1 January 2025, changes to Employers. National Insurance contributions and the Mrilhdrawal of . Mandatory Business Rates Relief from 1 April 2025. Nolwthslanding the risks oullsned in this report. and the uncertain impact of VAT implemenlalion on pupil number5, the Sd)ool has undertaken ¢omprehenswe financial planning based on a range of scenarios. This approach has provided the Govemors wth assurane£ regarding the School's capacty to maintain finanaal stability moving forward. Accordingty, the Governors are satisfied that the financial slalemenls have been Prepared on a going concern ba51S. GOVERNORS, RESPONSIBILITIES Company Law requires the Govemors, as directors of the Company. to prepare accounts for each financial year lch give a true and fair view of the state of affairs of the Company and of the surplus or defiat of the Company for that period. In preparing those a¢¢ounts the Govemors are reqUId to.. select suitable accounting poliues and then appty Ihem consistentty". tn8ke judgements and eslirnales that are reasonable and prudent.. follow applicable accounting standards. subject to any material departures disdosed and explained in the accounts., and prepare the accounts on the going concem basis unless it is inappropriate lo presume that the Company will continue in business. The Governors are responsible for keeping proper accounting records ¥thich disdose wlh reasonable accurary at arty time the finanual position of the Company and to enable them lo ensure that the accounts compty wth the Cotnpanies Act 2006. They are also responsible for safeguar(ling the assets of the Company and hence tof taking reasonable steps for the prevention and detection of fraud and other iffegularilies. SLI far as the Governors are avBre. there is no relevant audit infom7aty.on linfomiation needed by the Company's audftot5 in connection wth preparing their audit report) of which the Companrfs audilots are unaware. and eath Governor has taken all the steps that he or she ought lo have taken as a Governor in order lo make himself or herself aware of any relevant audit infotmalion and lo establish that the Company's auditors are aware of that information. AUDITORS The Auditors, Fletcher & Partners. wll be proposed for re-appointrnenl in accordance wth the Compaqies Act 2006_ The Govemors, Report induding the Strategic Report was approved by the Boatd of Govemors at its meeting on Chair of the F&GP.. Mr C Hartland Page 10
CASTLE COUR T SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 Iconlinuedl INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED OPINION We have audited the financial statemen15 of Caslle Court School Educakn"onal Trnst Limited for the year ended 31 Augu512024, which comprise the Slalement of Financial Activities. the Balance Sheet, the Cash Flow Statement and the laled notes, including a summary ol significant accounting poliaes. The financia1 reporting framework Ihat h35 been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Finanaal Reporting Standard applicable in the UK and Republic of Ireland (United Kingdo Generally AcceptEd Accounting Practice). In our opinion the financial siatements_" give a true and fair view of the state of the charitable companls affai as al 31 AUGUST 2024 and of 115 incomir4J resour$ and application of resources. including its income and expenditure, for the year then ended." have been property prepared in accordance wth United Kingdom GeneraIfyApted ADtIng Practice.. and have been prDperty prepared in accordance wth the qUIrementS of the Companies Act 2006 and the charib.es Act 2011. BASIS FOR OPINION We conducted our audit in 3ccordance wlh Inlemational Standards on Audittng (UK> IISAS IUK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities lor the audit of the finanryal statements seclion of our report. We are independent of Ihe charitable company in accordance wth the ethical requireentS that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have ftjlfilled our other ethical SpOnsIbl1((leS in accordan vAth these requirements. We believe that the audit evidence we have obtained IS SLifficienl and appropriate to proVe a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial slalements, ¥%E have ndded that the Govemor5' use of the going concem b35is of accountsng in the prep3ralion of the financial Statements 15 appropriate. Based on the vmrk we have performed, have not hlentthe(J any material nrtaInteS lating lo evenls or conditions that. individually or collectively, may cast significant oloubl on Ihe charitable ¢ompany's abilty to continue as a going concem for a pet%od of at least twelve months from when the financial slalements are authtsrised for issue. Our responsibilities and the responsibilities of the Govemor5 bmth spect io going concem are described in the relevant sections of this report. Page 11
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guarantee) FOR THE YEAR ENDEO 31 AUGUST 2024 Icontinuedl INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED OTHER INFORMATION The Govemors are responsible for the other information. The other information comprises the information induded in the Govemors, AnnL5al Report, other than the financial statements and our auditorfs report thereon. Our opinion on the finanaal statements does not cover the other infDrmalion and. except lo the extent othetwse expliutty slated in our report. we do not express any fom of assuran ¢onclusion Ihereon. In conneclion with our audit of the finanaal statements. our Sponsibl1 ts to read the other infomiation and, in doing 50, consider whether the other informatlon is rnalerialty incon51slent wth the finanual statements or our kno¥edge obtained in the audit or otherwise appears to be materially rnisstaled. If we identify such material inconsistencies or apparenl material misslalements, we are required lo delertnine whether there Is a material misslalement in the financial slalements or a material misstatement ol the other Ersformabon. If. based on the work have performed, we condude that there is a material misstatement of thi5 olhei infomiation, are required lo report that fact. We have nothing to report in this regard. OPINION ON OTHER MArfER PRESCRIBED BY THE COMPANIESACT 2006 In oui opinion, based on the work undertaken in the course of the audtt.. the information given in the Governors, AnnL*al Report lincotporatirvJ the strategic port and the diredots, port) fr>r the financial yeai for which the financial statemenls are prepared is consistent with the ffinancial statements.. and the Governors" Annual Report (incorporating the strategic report and the 1Clor$, reptsrtl have been pPared in 8ceofdance with applicable legal requirements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light ol the knoedge and understanding of the charitabte company and its erwironment obtained in the course of the audit. we have not identified material misstatelnenls in the Governors, Annual Report induding the Strategic Report. We have nothing to report in respect of the followng matters ¥there the Companies Act 2006 and the Charilies Act 2011 Tequires us to report lo you if, in our opinion.. adequate accounting records have not been kept or tUrnS adequate for our audrt have not been received from branches not visited by us.. the financial statements are not in agreement wtth the accounting records and retums., certain disclosures of Govemors, remuneration speufied by law are not made., or we have not received all the infomiation ar explanabons require for our audit. RESPONSIBILITIES OF THE GOVERNORS As explained more fully in the Govem015' Responsibilities Siatemenl. sel out on page 9. the Govemors1s¥tho act as director5 of the charitable company lor the purposes of company law. and as trustees for its charTtable aclivrtiesl are responsible for the preparation of the financial statements and for being satisfied that they give a Itue and fair view, and for such internal control as they determine is nessary to enable the preparation of - financial statements that are free from Mate31 l$stateMent, whether due to fraud or error. In preparing the finan¢ial statements. the Govemors are responsible for assessing the charitable companys ability to continue as a going ¢oncetn, disclosing. as applicable, matters related to going concern and using the going concem basis of accounting unless the Govemors either intend lo liquidate the charitable company or to cease operations: or have no realistsc allemalnie bul lo do so. Page 12
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED {L-imiled by Guarantee) FOR THE YEAR ENDED 31 AUGUST 2024 Icontinuedl INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED AUDITORS, RESPONSIBILITIES FOR THEAUDIT OF THE FINANCIAL STATEMENTS Our objective5 are to obtain reasonable assuran about ether the financial statements as a whole are free from material misslalement. whether due to fraud or error, and lo issue an auditors port that indudes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI wll always detect a material mtsstslemenl when Il exists. Misstatements ¢an arise from fraud or error and are considered malerial if, individualty or in the aggregate. they could rea50nabty be expected lo influence the economic decisions of users taken on the basi5 of these financial statements. We exerryse professional judgement and maintain professional $ptiCIsM throughout the audtt. Irregularities, induding fraud. are instances of non-compliance with la and regulations. We design procedures in line wth our SponSibl11t1es, outlined above, to delect material misstatements in respeca of irregularities, induding fraLKI. Our approach to detecting irregularities, intluding fraud. is delailttd below. we ensured that the engagement team collective had the appropriate competence, capabiliiies and sk411$ to identfy or recognise non- cornpliance with applicable laws and regulations and that they rem31r1 alert to instar5(ts of non-compliance throughout the audit., we identified the legal and regulatory requirements applicable lo Ihe school, and obtaird an undetandIng of how the school complies with these requirements through discussions wth managemenl and those charged wth govemanc£ and from review of relevant edu¢ation inspection reports", we assessed the susceptibilty ol the financial statements to material misstatement. induding obtaining an understanding of how fraud Might occur. This VfdS done by making enquiries of management a5 to vknere they considered there ¥WdS SU5ceptibility to fraud. their krn0edge of aclu81, suspected and alleged fraud., and considering the intemal controls in place lo mitigate risks of fraud and non-compliance vth law5 and regulations.. we addressed the risk of fraud through management bias and the over-ride of controls by assessing whether jlklgements and assumptions made by management were indicative of potential bias and by invesb"galing the rationale behind significant or unusual transactions. In order to address the risk of irregularities carried out procedures 1¢h indudeil agreeing the financial Statements to undedying documentation and enquiring of management as to actual and polenlial 11b"gation and instances ol norh-Gompliance', we obtained an understanding of inlemal Control relevant lo the audil in order to design audit procedures that are appropriate lo our audit objectives. but not for the purposes of expressing an opinion on the effecawene5s of the school's inlemal control. There are inherent limitations in our aLKlit Pfocedures described above. The more removed that la and regulations are trom financial transactions, the less likely il is that would become aare of non-complian¢e. Audth"ng slandards also limit the audit pdureS wuired to identify non- ompliance lo enquiry of management and inspection of relevant Gorrespondetlce. Furthemiore, misstatements due lo fraud (xn be harder lo dele¢t than those that arise from error as they may it)volve deliberate concealment and collusion. A further desuiplion of our responsibilits'es for the audit ol the finanual statements is located on the Finanryal Reporting Council's website al.. [bV.frC.or9.kl3udI1or5[e$p0n$1b1lltieSl. This desGripbon forms part of our auditorfs report. USE OF OUR REPORT This report is made solety to the company's members, a5 a body. in acconlanct %%ith Chapter 3 of Part 16 of the Companies Ad 2006. Our audit work has been undertaken so that tnight stale to the company's members those malters we are required to stale in an auditor's report and for no other purpose. To the fullest extent perrnitted by law, we do not 8p1 of assume responsibility to anyone other than the company and company s members as a body, for our audit work, for this report, OT for the opinions we have fomed. James Fletcher FCA (Senior Statutory Audilorl for and behalf of FLETCHER AND PARTNERS Chartered Accounlanls and Slalulory Auditors Cro¥w Chambers Bridge Street Salisbury SP1 2LZ Fletcher & Partners is eligible to ad as audrtor In terms of seclion 1212 of the Companies Act 2006 Page 13
CASTLE COURT SCHOOL EDLfCATIONAL TRUST LIMITED (Limited by Guaranteel STATEMENT OF FINANCiAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024 ReStcled Total 2024 Total 2023 Notes Funds INCOME FROM. Grants and Donations Charitable activities- Operation of the sthool School Fees Extra Support Fees Other trading activities School Shop commission Lettings Inveslrnents Profil on sale of ffxed assets Other 6.989 10,000 16,989 2,235 3,630.507 50.721 3.630,507 50.721 3,493,143 1.760 1,760 1,237 10.969 12,7651 72,987 10.969 12,7651 72,987 3,620 374,421 151.945 Total In¢ome 3.771.168 10.000 3.781.168 4,068.538 EXPENDITURE ON. Raising funds 43.596 43.596 43,407 Charitable activities Costs of operation of school 3.625.818 2.050 3.627.868 3,571,204 Total Expenditure 3,669.414 2.050 3,671,464 3,614,611 Net IncornellEXpenditul 101,754 7,950 109,704 453,927 Reconciliation of Funds". Total funds al 1 September 2023 4,626.042 81,250 4,707.292 4.253,365 Total funds at 31 August 2024 4.727,796 89.200 4,816.996 4,707,292 The notes on pages 16 to 23 forni part of these aCllts. None of the company's activities were a(yJuired or discontinued in either of these Iwo yea. Total Recognised Gains and Losses The company has no recognised gains or losses other than.the surplusldeficil for the above years. Page 14
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guarantee) 8ALANCE SHEET AS AT 31 AUGUST 2024 COMPANY NUMBER 1134697 Note 2024 2023 TANGIBLE FIXED ASSETS 4,957,454 4,919.115 CURRENT ASSETS Stocks Debtor5 Cash al bank and in hand 14,035 168 463 1.750.056 11,540 146,927 1.046.200 1,932.554 1,204,667 CREDITORS". Amounts falling due thin one year 10 1.069,552) (738,3161 NET CURRENT ASSETS I ILIABILITIESI 863,002 466,351 TOTAL ASSETS LESS CURRENT LIABILITIES 5,820.456 5,385,466 CREDITORS". Amounts falling due after rn0 than one year 11 (1,003,459) 1678,1741 TOTAL NET ASSETS 4,816,996 4.707,292 Unrestricted Fund General Fund 13 4.727,796 4,626,042 Restricted Fund 14 89,200 81,25Q TOTAL FUNDS 4.816.996 4,707,292 The notes on pages 16 to 23 form part of these accounts. Si9ned on behalf of the Board of Govemors Mr l John 202 Date approved by the Governors-. Page 15
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED ILiFniled by Guarantee) CASH FLOW STATEMENT FOR THE YEAR ENOED 31 ALIGUST 2024 Note 2024 2023 CASH FLOVVS FROM OPERATING ACTIVITIES: Net cash provided by (used inl operating activities 971_881 261,682 CASH FLOWS FROM INVESTING ACTtVlTIES'. Interest from investments Purchase of property, plant and equipment Proceeds from the sale of property. plant and equipment 10,969 1222.1371 8.201 3.620 1265.0511 615.177 Nel cash provided by (used inl investing activities 1202,9671 353,746 CASH FLOWS FROM FINANCING ACTWITIES Repayment of bank loans Finance lease Repayrnent of finance leases Interest paid (25,6481 1354.6521 {9.011) (30.4001 {18,0241 (33,9821 Net cash provided by (used inl financing activities 65,059 406,658 CHANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTING PERIOD 703,856 208,770 CASH AND CASH EQUIVALENTS AT THE 8EGINNING OF THE REPORTING PERIOD 1.046.200 837,430 CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING PERIOD 1,750 056 1,046,200 NOTES TO THE CASH FLOW STATEMENT a. Reconciliation of net incomel(expenLlitvrel rtet cash flow from operating activities 2024 2023 Net incomellexpendilurel for the reporting pertod las pei the statement ol financial activities) 109.704 453.927 Adjusltllenls for". Depreciation Gharges Interest from investments Inleresl paid (Profilllloss on disposal of fixed assets Ilncreaselldecrease in stocks Ilncreaselldecrease in debtors Increaselldecreasel in creditotS 172.833 110.9691 30.400 2,765 12.4961 121.5361 691.180 167,822 13,6201 33,982 1374,4211 11,3561 15,387 130,0391 Nei cash provided by (used inl operating activities 971.881 261,682 The notes on pages 16 to 23 form part of these accounts. Page 16
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Lirniled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Icontinuedl 1. ACCOUNTING POLICIES lal Basis of Preparation The accounts have been prepared under the historical cost Conventio items re¢ognised at cost or transaction value unless olhetwse slated in the relevant notes. The financial statements have been prepared in accordance with A¢¢ounling and Reporting by Charities.. Statement of Recomtnended Practice applicable to charities preparing their accounts in accordance wth the F5nanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (issued in October 20191- (Charities SORP (FRS 10211. Ihe Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the CoTnpanies Act 2006 and the Charities Act 2011. The MpanY limited by guarantee is incorporated in EnglarKI. The accounts a presented in Sterting. The School constitutes a publi¢ benefit entity as defined by FRS 102. The governors considerlhat ItrEre are no malellal UnrtaIntieS aboLrt the School's abilty to continue as a going conrn. The most significant area of future uncertainty is maintaining the level of pupil numbers. In the Govemors, opinion there are no significant judgements that affed the reported amounts of assets and b"abilib"es and the ieported amounts of revenue and expenses during the reporting period. {bl Tangible Fixed Assets Expenditure on fixed assets is capilalised except for expenditure incurred on assets of low value Iless than £3001, Mrylh a Short life. Repair and replacement expendilure is written off as expenditure in the statement of financial activities. The cost of fixed assets Is their purchase c051. together with any incidental costs of acquisrtion. Depreciation is calculated lo te off ihe cosl of taThJible fixed assets, les5 their estiated residu81 values, over the expected useful lives of the assets concemed. The arhnual rates used for this purpose are as follow. Land and buildings existing at 31 Aligust 1992 Improvements lo freehold propety Sin 1992 10% 5tr3ighl line {to 31 August 19991 2% straight line (from 1 September 19991 Administration office equipment Educational equipment -33% straighi line (SLI 25% straighl line {SLI Specific items Motor vehides Furniture and frtting5 Eslale equipment Swimming pool equipmenl -33% slraighl line ISLI - 25% reducing balance IRBI 10% reducing balan IRBI - 20% reduc¢ng balance IRBI - 20% reduung balan IRBI A nil rale is used for the School's freehold land and for property improvements ¢ompleted prior to 31 August 1992, Sin the School's buildings were subjected lo a one-off depre¢ialion charge Tn that year so as to reduce their nel book value lo their ie5idual value at that time. The Governors consider that, due lo the nature ol the School's property and ils location the ultimate residual value of the land and those buildings vthich exisled in 1992 will in each case be no less than their valvalion al that date. The value of the as sets brought fotwaFd is considered the deemed cosis of the assets on transition lo FRS 102 for the year ended 31 Augus12016. Icl Stock5 Stocks are stated at the lower of cost and nel realisable value. Idl New Buildings Depreaation Is not charged relation to buildings in urse of consttuction, and Iheii ielated luMitU and fitbngs, until the year in thich they are brought fully into use. lel Fees and Sitnilai In¢ome Incorne is recognised when the charity has entitlement lo the funds. any perforfflan(t conditions attached lo the ilemlsl of income have been mel. il is probable that the Incotne wll be received and the amount can be measured reliably. Fees consist of tharges. Induding extras for the school year ending August, less bursaries, disci)unts and scholarships and is accounted for in the period in the seicE is provided. Grants. including Govemmenl Grants. Donations and Other Income Grants, including Govemment grants, donations and other income is recognised vhien the charity has enliuement lo the funds. any performance conditions attached to the ilernls) of the income have been met . il is probable that the incorne will be reiVed and the amount ¢an be tneasured reliably. When donations are received for specific purposes they are credited to Restricted Funds. Page 17
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Litniled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Iconlinued) 1. ACCOUNTING POLICIES (continued) In Expenditure Expenditure is accounted for on an accru8 basis. Expenditu Ès alloca¢ed lo expense heading$ etheF on a dI¢t cost basis, or apportioned according lo time spent. The school is not registed for VAT and all costs indude VAT where this has beeri charged. Govemance costs comprise the costs of audit and is induded wthin support Costs. Igl Debtors Debtors are measured al the amounts the charity antiupates il WFII receive from a debt or the amount rt has paid in advan for goods or services. Prepayments are valued at the amount prepaid net of any trade discounts due. Ihl Cayh at bank and in hand Cash al bank and in hand includes cash and cash on deposit. lil Creditors Creditors are measured al the arntsunts the charty anliopales it will pay lo setile a debt orthe amount It has received as an advance payment for goods or services il musl provide. Liabililies are recognised there is an obligatsori lo transfer economic benefits as a result of past events. al Financial Inslrnments The School only has fsnancial assets and finanaal liabilities of a kind that qualify as basic financial instruments. Basic financial instruments such as trade and other debtors and creditors are initially recognised at transaction value and subsequentty measured al their settlement value with the exception of bank108ns which are subsequenlty tneasured at the carrying value plus interest less repayments. Ikl Teaching Costs Suppl5 of games equipment. books, stationery and surKlry materials are Ttten off lo the Income and Expenditure account sthen the expenditure is incurred. 111 Pension Costs Contributions in respect of the Teacher5, Superannuation Stheme and the company's defined o)ntribution s¢hemes are tharged to the Incorne and Expenditure account in the year for which they are payable lo the sd)emes. The company's conkn"bulion lo these schemes for the year was £337,27212023 £306.6051. Im) Leased Assets Assets that are held by compary under leases vthich transfer to the compary substantialty all the risks and rewards of 0erShip are 018ssified as being held under finance leases. Leases which do not transfer substantially all the risks and WardS of 0ership to the company are classified as operating leases. Rentals paid under operating leases are charged to profft or knss Ofi a straight41 basis over the lease lemi. Assets held under finan leases are Initial recognised as assets of the ¢ompany at their fair value 31 the inception of the lease or. if lo%%er. at the present value of the fllinimum lease payments. The corspOnding liability lo the lessor is included in the balance sheet as a finance lease obligation. Assets held under finance leases are depCIated in the same manner as 0ed assets. 2024 2023 2. GRANTS AND DONATIONS Donations Unrestricted - Restricte(f 6.989 10.000 16.989 2,235 2,235 2024 2023 3. OTHER INCOME Registration fees Insuran Claims Sundry income Holiday Courses Surplus Ilossl on woverable costs 5.800 2.417 46.494 3.330 14.946 72.987 5,800 100.000 28,392 1,977 15777 151,945 Page 18
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED ILirnited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Icontinuedl 2024 2023 4. EXPENDITURE Direct charitable expenditure indudes.. DepreGialion Auditors. remuneratson lor audit lor other services 172,834 167.822 7.230 6.000 2024 2023 5. STAFF COSTS Wages and salaries Redundancy and lerminalion settlements Social security costs Pension contribubons Other staff costs 2.112.847 39.629 185,667 337,272 24.279 2.084,590 56,517 175,605 306,805 14,903 2,699.694 2 638,221 The aver8ge nutnber tsf employees in the year vtas.. Teaching Full lirne Teaching Part tirne Welfare Premises Administration No. 27 32 19 No. 29 29 17 16 18 Total 100 99 2024 No. The number of employees Ose emolu5nen15 ex¢%eded £60,000 vtre". £60,000- £70,000 £70,000- £80.000 £90.000- £100,000 No. indudes lerminalion payment Remuneration lo Governors Expenses reimbursed lo Govemors £1334 Governors travel expenses and consultancy services- 3 Govemors {2023". 31 The executive management ofthe school is delegated by the Governors to the Head. vAth ffinanual management and administration in the hands of the Bursar, who are considered to be the key managemens personnel of school_ The lotsl paid to these employees during the year was £219,69912023. £217,950). The lolal of redundancy payments charged for the year to 31 August 2024 was £44.62912023." £56,097). The Sthool's policy for any necessary redundancy or lerrninalion paytnents 15 settled in accordance the appropriate legal advice. 6.a. ANALYSIS OF LXPENDITURE 2024 Staff Total 2024 Tol81 2023 othef reatIon Raising Funds Marketing & publicity 43,596 43.596 43,407 43.596 43.596 43,407 Charitable activity- operation of Ihe sthool Teaching costs bvelfare Premises 1.974.599 231,495 121,553 136.880 123.907 288.360 54,828 20 463 96.581 2.166.307 375.865 506.494 2,134,682 344,620 474,866 Charitable support costs.. Administration of the School Interest payable Governance costs Inole 6c.I 372.046 168,565 30.400 7,230 961 541,572 30.400 7.230 577,054 33,982 6,000 Costs of operation of the school 2,699.693 755,342 172.833 3.627.868 3,571,204 Total expenditure 2.699.693 798.938 172.833 3,671,464 3,614,611 Page t9
CASTLE GOURT SCHOOL EDUCATIONAL TRUST LIMITED {Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 {conlinued) 6.b. ANALYSIS OF EXPENDITURE 2023 Staff cosis Total 2023 Other reci Raising Funds Marketing & publicity 43,407 43,407 43,407 43,407 Charitable activity- operation of the school Teaching costs Welfare Premises 1.911,333 217.090 114.770 157.070 121.049 265,995 66.279 6.481 94.101 2.134,682 344,620 474,866 Charitable SLJPPOrt costs". Administration ol the School Interest payable Govemance costs (note 5.a.} 395.028 181.065 33,982 6,000 961 577,054 33,982 6.000 Costs of operation of the school 2,638.221 765.161 167.822 3.571,204 Total expendrture 2,638 221 808,568 167.822 3,614,611 6.c GOVERNIANCE COSTS 2024 202 Staff costs Auditors, remuneration lor audit for other 7.230 6,000 7.230 6.000 7. TANGIBLE FIXED ASSETS Freehold Administration Office Pro TOTAL Im rovemenls COST 1 September 2023 Additions Disposals 31 August 2024 8.886,914 222,137 140.269 9.068 783 6.670.605 90,008 3,3261 6,757,286 19,2g6 19,296 DEPRECIATION 1 September 2023 Provided in year Disposals 31 August 2024 3,967.799 172.834 29,304 4,111,329 2,026,827 96,581 18,335 961 2,123,409 19,296 NET BOOK VALUE 31 August 2024 31 August 2023 4,957.454 4,919.116 4.633,878 4.643,777 961 Page 20
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Gu8ranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 {conlinuedl 7. TANGIBLE FIXED ASSETS (Cont) Fittin sand Educational ui Swimmin Pool Motor Vehicles Estate COST 1 September 2023 Additions Disposals 31 August 2024 1,410 28,442 2,046,220 62,317 27,832 2,080,706 92,208 910 654 92,464 57,175 40,461 8,457 89,178 29,852 DEPRECIATION 1 S8Ptember 2023 Provided in year 1,410 7,110 1.797,767 21.729 23,635 9.463 20,7241 1.831.871 76,949 3.208 46,509 10,145 10/0 RB 25.10 SL 33./0 SL Disposals 31 August 2024 5281 79,632 8,054 48,599 8.520 NEf BOOK VALUE 31 August 2024 31 August 2023 21.331 248.834 248.453 12,833 1 S,259 40,579 10,666 The company's freehold properties are subject to a fixed and floating charge, dated 15 January 1992, 14 June 2016 and 21 April 2017 in favour of the HSBC Bank plc. Furniture, Fittings and Educational Equipment includes NBV £0 held under finan leases12023 £9,012) 024 2023 8. STOCKS Catering stocks Other stocks 4.215 9.820 2,200 9,340 14.035 1f,540 2024 g. DEBTORS School debtors - net of reserve Other debtors Prepayments Accrued Income 64.982 3.261 75,321 24,899 168.463 79,996 1,660 59,631 5,640 146,927 2024 2023 10. CREDITORS.. due wthin one year Bank loan Inole 111 Obligations under Finance Leases Trade creditors Fees and deposits received in advance Other tsxes and social security Accruals and deferred income 26,014 25,348 9,011 59,410 522,402 41,615 80,530 84.329 82D,441 44.162 94.606 1.069,552 738,316 The bank has 8 fixed and floating charges over the assets of the school, dated 15 January, 1992, 14 June 2016 and 21 April 2017. Page 21
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 {continuedl 2024 2023 11. CREDITORS.. due after more than one year Bank loan Obligations under Finance Leases Fees and deposits received in advance amount due within five years 514.293 540,607 489.166 137.567 1.003.459 678,174 The bank loan is secured by legal charges over the school's freehold propety. Finan Leases 2024 Finance Leases Bank Loans 2024 Bank Loans 2023 This loan is repay8ble as follows.. 2023 Within one year Between one and two years Befvleen and five years In more than five years 26.014 26.364 81.559 406.370 25,348 25.676 79.652 435,279 9,011 540,307 565,955 9,C)11 2024 2023 12. DEFERRED INCOME Brought forward al 1 September 2023 Released in the yèar Deferred in the year 532,310 1507,5341 1.159,930 560,553 1478,234) 449,991 Carried forvrdrd al 31 August 2024 1,184,706 532,310 Dgferred income represents pupil fees received in advance for fure years. 13. UNRESTRICTED FUND The General Fund is held to finan the School Land and Buildlngs and olher fixed assets. and to cover normal fluctuations in working capital. 14. RESTRICTED FUNDS Movements ncoming Resource5 Balaft at 1 Sept 2023 Outyoing Resources Balance at 31 Aug 2024 Year ended 31st August 2024 Stredwck Will Trust Fund Scotl Trust FLJnd Development Fund Pavilion Fund 32.000 8.000 25.000 16,250 81,250 (1.2DOI 30,800 8,000 25,000 25,400 89,200 10.000 10,000 1850 2,050 Movements Incoming Resources Balance at 1 Sept 2022 Outyoing Resources 8alanee at 31 Aug 2023 Year ended 31 st August 2023 Stredwick Will Trust Fund Scotl Trust Fund Development Fund Pavilion Fund 33.200 8.000 25.000 16.250 82.450 (1.2001 32,000 8,000 25,000 16,250 81,250 1,200 The Stredwick Will Trust Fund - a donation received from the Str&hwck Will Trust during the year ended 31 August 1999 for the purpose of funding improvernenls to the School's special educational needs facilities. The Scott Trust Fund - a donation of £8,000 was received in Ihe year ended 31 August 2019 which is to be for the purpose of funding visiting speakers and a1eclure series. Development Fund - A donation of £25.000 was received in the year ended August 2020 for the purpos8 of funding fvture development planning for the school. This was transferred to the Pavilion Fund with )nSent from the donor. Pavilion Fund - Donations lolalling £18,250 were r1Ved in the year ended August 2023 for the purpose of funding Yha Jubi18e Pavilion. one of the projects launched lo support the school's 75th annwersary next year and will help to develop the sporting facilities available al the Astro Turf located al Deer Park on the school grounds. Page 22
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (conbnued) 15.8. CAPITAL COMMITMENTS At the year end there were £0 financial commitments contracted for bul not provid[ for in the accounts {2023.' £0) 15.b. OPERATING LEASE COMMITMENTS At 31 August 2024 the School had future minimum lease payments under non-cancellable operating18ases as follows.. ui 2024 Motor Vehiclès 2024 2023 2023 Amounts du8 Wthin One year Amounts due beeen and five years Amounts due after more than five years 1.164 13.670 1,164 57.312 33.528 56.772 20.736 1.164 14,834 90.840 77.508 The amounts charged as an expense during the year for operating leases was £70.44212023: £76.3291. 16. CONTINGENCIES There were no ¢onlingencies at 31 August 2024 or 31 August 2023. 17. PENSION COMMITMENTS The School operates 0 defined contribution pension schemes for its staff. The assets of these schemes are held sewdralely from those of the company in independenuy administered funds. During the year lo 31 August 2024 the employerfs contributions amounted 10 £337,27212023-. £306,804). Contributions payable to the funds at the year end and induded in creditors 8muntgJ to £30,40012023'. £27.0271. Page 23
CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED (Limited by Guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 {conlinuedl 18. Sl818menl of Financial Activities Year Ended 31 August 2023 Unrestricted Funds Restricted Funds 2023 INCOME FROM.. Donations and legacies 2,235 2,235 Charitable activities- Operation of the school School Fees Extra Support Fees 3.493.143 41,937 3,493.143 41,937 Other trading activities School Shop commission Lellings 1,237 1.237 Investments Profll on sale of fixed assets Other 3,620 374.421 151.945 3,620 374,421 151,945 Total Income 4.068,538 4.068,538 EXPENDITURE ON.. Raising funds 43,407 43,407 Charitable activities Cosis of operation of school 3.570,004 1.200 3,571,204 Total Expenditure 3.613.411 1.200 3,814,611 Net IncomellExpendittJrel 455.127 {1,2001 453.927 Reconciliation of Funds.. Total funds at 1 September 2022 4,170.915 82.450 4,253.365 Total funds at 31 August 2023 4,626,042 81,250 4.707,292 Page 24