C H A R I T Y N U M B E R 5 0 5 8 4 8
CHESHIRE · EST. 1976
Stella Maris School
Where successful futures begin
Financial Statements
Y E A R E N D E D 3 1 J U LY 2 0 2 5
TWJ Partnership LLP
CHARTERED ACCOUNTANTS · INDEPENDENT EXAMINER
The Moorings, Dane Road Industrial Estate Dane Road, Sale, Cheshire, M33 7BH
STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
F I N A N C I A L S TAT E M E N T S · Y E A R E N D E D 3 1 J U LY 2 0 2 5
Contents
| Trustees’Annual Report | 2 | ||||
|---|---|---|---|---|---|
| Independent Examiner’s Report | 7 | ||||
| Statement of Financial Activities | 8 | ||||
| Statement of Financial Position | 9 | ||||
| Statement of Cash Flows | 10 | ||||
| Notes to the Financial Statements | 11 |
Stella Maris School
Charity number 505848
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Trustees’ Annual Report
For the year ended 31 July 2025
The Trustees have pleasure in presenting their Annual Report and financial statements of the school for the year ended 31 July 2025.
Stella Maris is an independent preparatory school registered with the Department for Education. The accounts have been prepared to comply with statutory requirements and those of the charity’s governing document.
RESPONSIBILITIES OF THE TRUSTEES
The Charities Act requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity at the end of the year and of the incoming and outgoing resources for the year then ended.
Administrative Details
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SCHOOL ADDRESS Stella Maris School, St. John’s Road, Heaton Mersey, Stockport,
Cheshire, SK4 3BR
The charity correspondence address is as above.
TRUSTEES Ms D Maxton
Mr J Sibbald
Mr D Hall
Mrs S Elliot
HEADTEACHER Mrs Norah Johnson
SECRETARY TO THE TRUSTEES Mrs L Coen
INDEPENDENT EXAMINER TWJ Partnership LLP, The Moorings, Dane Road Industrial Estate,
Dane Road, Sale, Cheshire, M33 7BH
BANKERS National Westminster Bank Plc, PO Box 13, 10 Great Underbank,
Stockport, Cheshire, SK1 1LL
CHARITY INFORMATION The Trust is a registered charity, number 505848, set up by Deed of
Trust dated 30 December 1976 and is an unincorporated association.
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METHOD OF APPOINTMENT OF TRUSTEES
Trustees, who are in part parents of pupils past or present or associated with the school, are usually selected by the Board from recommendations made by fellow Trustees, or by invitation of offering their services. In the last 12 months, the Board has been actively seeking new members, as three current Trustees will be retiring at the end of the academic year.
The procedure for the induction of Trustees includes discussion of their skills and experience to see how they may be able to contribute as a member of the Board. The Board seeks to have a wide range of skilled Trustees
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Financial Statements · Year ended 31 July 2025
with ideally only one parent Trustee on the Board at any time. Additionally, other individuals may attend certain meetings, in part or in full, acting as advisors to the Board on specific issues or where they bring a particular expertise.
OBJECTIVES AND ACTIVITIES OF THE CHARITY
The Trust’s purpose as set out in its Deed of Trust is the teaching and education of boys and girls of primary school age, and it has adopted policies to purchase property and equipment and to employ suitably qualified staff to meet this purpose. The school is situated at the registered office at St. John’s Road, Heaton Mersey, Stockport, Cheshire.
The Trustees are of the opinion that the objectives of the charity were achieved during the period of this report.
Public Benefit
Statement of charitable status and public benefit for the year ending 31 July 2025
AIMS
Stella Maris School is dedicated to providing first-class independent education for boys & girls aged 3–11 years within the Greater Manchester, Stockport and Cheshire areas. We seek to provide a structured educational environment that develops our pupils’ capabilities, competencies and skills to the best of their abilities, whilst they gain a clear understanding of the wider and local community.
It is our aim to encourage and promote the academic, moral and physical development of our pupils through our academic curriculum, pastoral care and extra-curricular activities, whilst maintaining and reinforcing a warm community spirit.
Stella Maris School operates as a registered charitable trust, and this emphasises our commitment to community engagement and deepening relationships with the communities we serve. We are dedicated to the development of a future-facing, knowledge-based economy, and take our role seriously in contributing to a socially inclusive and vibrant local and wider community.
Our School is committed to safeguarding and promoting the welfare of our pupils and we expect all staff, Trustees and volunteers to share this commitment, which will not be compromised through our school’s contribution to public benefit as a registered charitable trust.
OBJECTIVES
In setting our objectives and planning our activities, the Trustees of Stella Maris have given careful consideration to the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and fee charging. Our key objectives include:
To enhance and improve the curricular provision for pupils
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To continue to develop the first-class pastoral care we provide for our pupils
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To maintain and increase pupil numbers
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To provide continual support for our pupils
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To support the local and wider community
To develop our relationships with neighbouring schools and other local organisations
Engagement with the Community
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
As part of our community engagement, Stella Maris School engages in charitable giving in pursuit of its strategic ambitions. These include:
Community Events — Stella Maris actively engages with the local community on a regular basis. We take our role and responsibility within the local community very seriously, valuing our position to be able to contribute to it. We also hold events to which the whole community are invited, such as the Christmas Fair and other events, in addition to several public Open Days and Events for prospective pupils that we hold throughout each year.
School Trips — Our pupils are taken on varied and regular educational and cultural trips that show support to local areas of interest, as well as increasing pupils’ knowledge. A love of the outdoors is fostered by trips to National Trust properties and other such venues. During the Summer Term of 2025, our Year 6 children participated in a residential trip to Willersley Castle in Derbyshire.
Before & After School Clubs — For busy parents we run our After School club until 5.30 pm at an additional charge and continue to run our early morning drop-off from 8 am, free of charge.
Activities — In addition to our school curriculum we offer further enriching extra-curricular activities such as Art Club, LAMDA Speech classes, IT and Coding Clubs, Gardening Club, Music tuition and various sports activities. All pupils from Year 3 to Year 6 take part in weekly Swimming lessons. All pupils from Pre-Prep 1 to Year 6 also access French lessons on a weekly basis, as well as their weekly Games afternoon, and participate in regular Forest School sessions.
Volunteers — We accept applications from work experience candidates and teachers-in-training to provide potential new teachers with hands-on experience both inside and outside the classroom, for short-term and long-term arrangements. Where appropriate we provide all our helpers with references, additional work experience and training as and whenever an opportunity arises. Safer Recruitment and statutory safeguarding checks are carried out prior to any volunteer or staff member joining the school. The school has a fully qualified and certified DSL, which is the Headteacher, as well as a Deputy DSL, who is trained to the same level of expertise.
Fees — As part of our consideration for school fees and commitment to assisting families in the opportunity to receive the very best in independent education for their children, we regularly review our tuition fees to keep them as competitive as possible. The current school fees during the academic year 2024–2025 were £9,300 for KS1 and £9,500 for KS2 per annum, plus VAT.
We also accept the current government nursery grant discount and offer 15 free hours per week for children under the age of 5 years. This will be extended to 30 hours from September 2025. We provide several methods of payment and a ‘sibling discount’ to parents with more than one child attending our school and help any families within our school community who may need financial assistance.
Fundraising — To help our pupils consider others in the local and wider community, throughout the academic year we fundraise for local and national charities. We donate to local food banks, The Wellspring (Stockport’s resource centre for the homeless and disadvantaged people), as well as supporting Francis House and various other local charities including the Together Trust. We are always open to suggestions for fundraising schemes and approaches from new charities.
Improvements — We feel fortunate and proud that Stella Maris School is situated in a listed building, within a protected conservation area. We are committed to the upkeep of the site through regular cleaning and the refreshing of paintwork, as well as securing regular electrical tests and health and safety reviews throughout the school building. We are keen to show the school and its area off to the best of its appearance with up-to-date displays and the addition of new furniture, so that the school is presented beautifully at all times. During recent years we have developed the entrance to the school and, with help from various PTA fundraising campaigns,
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Charity number 505848
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
we continue to maintain the garden space and outdoor classroom to provide extra learning opportunities for the children and provide visual attractiveness for the school, to attract new families and aid our recruitment pipeline from the local area.
Further Administration
CHECKS & TRAINING
We take safeguarding very seriously at Stella Maris School and, as part of our Safer Recruitment process, all new members of staff and volunteers undertake DBS checks and other statutory checks. Our commitment is to provide the best quality pastoral care for our children and to ensure that all pupils, parents and members of staff are well cared for. All members of staff undertake training in Safeguarding, Child Protection and other Health and Safety requirements. GDPR requirements as per statutory guidelines are in place. The SCR is maintained by the Headteacher and, for quality assurance, checked by a Trustee on a termly basis.
ADMISSIONS
Stella Maris is an equal opportunities school. We accept pupils regardless of faith, ethnicity, economic status or gender and promote British Standards. Our application process is simple and straightforward, with parents completing and returning a simple registration form along with a £100 registration fee and a copy of their child’s birth certificate.
To admit a child, we just need to be confident that the school will be able to educate him/her to the best of their potential and in line with our carefully crafted curriculum, and that we give excellent value for money. These are just some of the ways in which Stella Maris School supports the local community and raises awareness amongst our pupils, parents and staff of any potential issues in the surrounding area. The school provides ways to feed back into the community in which we work, play and live.
As a registered charitable trust, parents of our pupils are assured that any income of the school will be applied to educational purposes. The school does not have any shareholders; we hold charitable status and do not make a profit. All monies collected from school fees and other revenues contribute towards the running of the school and cover our outgoing expenses.
To find out more about the public benefit that our school provides, or Stella Maris as a registered charitable trust, please contact the school on 0161 432 0532 or office@stellamarisschool.co.uk.
RESERVES POLICY
Reserves are held to meet the working capital requirements of the school. No investment policy is applicable to these funds as any reserves above £25 are short-term cashflow movements. At the end of each banking day any excess above £25 is transferred to a deposit account, in which small amounts of interest accrue.
STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
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Charity number 505848
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis.
Signed by order of the Trustees
Ms D Maxton · July 2025
Stella Maris School
Charity number 505848
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Independent Examiner’s Report
To the Trustees of Stella Maris School · Year ended 31 July 2025
I report to the charity trustees on my examination of the accounts of Stella Maris for the year ended 31 July 2025.
RESPONSIBILITIES AND BASIS OF THE REPORT
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
As the gross income of Stella Maris exceeded £250,000, the charity’s independent examiner is required to be a member of a body listed in section 145 of the Charities Act 2011. We confirm that we are qualified to undertake the examination as a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
INDEPENDENT EXAMINER’S STATEMENT
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act, other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A. Richard Whitehead FCA
For & on behalf of TWJ Partnership LLP , Chartered Accountants
The Moorings, Dane Road Industrial Estate, Dane Road, Sale, Cheshire, M33 7BH
Date: 27 May 2026
Stella Maris School
Charity number 505848
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Statement of Financial Activities
Year ended 31 July 2025
| 2025 £ |
2024 £ |
|
|---|---|---|
| INCOMING RESOURCES Incoming resources from charitable activity |
309,612 | 359,228 |
| Income from other activities | 1,040 | 4,238 |
| Investment income | 384 | 736 |
| Total incoming resources | 311,036 | 364,202 |
| OUTGOING RESOURCES Charitable activities |
397,086 | 405,759 |
| Expenditure on raising funds | 11,221 | 9,692 |
| Other expenditure | 0 | 50 |
| Total outgoing resources | (408,306) | (415,501) |
| Net movement in funds Total funds brought forward |
(97,270) 178,995 |
(51,299) 230,294 |
| Total funds carried forward | 81,725 | 178,995 |
All the activities of the entity are from continuing operations.
The entity has no other recognised items of income and expenses other than the results for the year as set out above.
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Charity number 505848
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Statement of Financial Position
As at 31 July 2025
| NOTE | 2025 £ |
2024 £ |
|
|---|---|---|---|
| FIXED ASSETS Tangible assets |
5 | 134,323 | 136,930 |
| CURRENT ASSETS Debtors |
6 | 134,323 5,137 |
136,930 6,119 |
| Cash at bank and in hand | 14,116 | 132,444 | |
| Creditors: amounts falling due within one year | 7 | 19,253 (61,501) |
138,563 (85,200) |
| Net current assets / (liabilities) | (42,248) | 53,363 | |
| Total assets less current liabilities | 92,075 | 190,293 | |
| Creditors: amounts falling due after more than one year | 8 | (10,350) | (11,298) |
| Net assets | 81,725 | 178,995 | |
| RESERVES Charity funds |
81,725 | 178,995 | |
| Total reserves | 81,725 | 178,995 |
These financial statements were approved by the members of the committee on the …………………………… and are signed on their behalf by:
SIGNED BY ORDER OF THE TRUSTEES · MS D DATE HODGES
Principal address: Stella Maris School, St John’s Road, Heaton Mersey, Stockport, Cheshire, SK4 3BR
Stella Maris School
Charity number 505848
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Statement of Cash Flows
Year ended 31 July 2025
| 2025 £ |
2024 £ |
|
|---|---|---|
| RETURNS FROM OPERATING ACTIVITIES Profit / (deficit) for the financial year |
(97,270) | (51,299) |
| Depreciation | 2,668 | 2,909 |
| Interest received | (384) | (736) |
| Interest paid | 1,403 | 1,176 |
| Loss / (profit) on disposal of assets | 0 | 0 |
| Loss / (profit) on disposal of investments | 0 | 0 |
| Decrease / (increase) in stocks | (93,583) 0 |
(47,950) 0 |
| Decrease / (increase) in debtors | 982 | 5,849 |
| Increase / (decrease) in trade and other creditors | (19,788) | 5,941 |
| Net cash inflow / (outflow) from operating activities | (112,389) | (36,160) |
| RETURNS ON INVESTMENTS AND SERVICING OF FINANCE Interest received |
384 | 736 |
| Interest paid | (1,403) | (1,176) |
| Net cash inflow / (outflow) from returns on investments & servicing of finance |
(1,019) | (440) |
| CAPITAL EXPENDITURE Payments to acquire tangible fixed assets |
0 | 0 |
| Proceeds from the sale of tangible fixed assets | 0 | 0 |
| Net cash inflow / (outflow) from capital expenditure | 0 | 0 |
| CASH FLOWS FROM FINANCING ACTIVITIES Bounce Back Loan (BBLS) |
(4,921) | (10,043) |
| Net cash inflow / (outflow) from financing activities | (4,921) | (10,043) |
| Increase / (decrease) in cash | (118,328) | (46,643) |
| CASH AT BANK AND IN HAND Balance brought forward |
132,444 | 179,087 |
| Balance at year end | 14,116 | 132,444 |
| (118,328) | (46,643) |
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Charity number 505848
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Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Notes to the Financial Statements
Year ended 31 July 2025
STATEMENT OF FINANCIAL ACTIVITIES — DETAILED ANALYSIS
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOMING RESOURCES FROM CHARITABLE ACTIVITY | ||
| Fees | 287,747 | 326,875 |
| Music and athletic clubs | 10,662 | 18,428 |
| Stockport MBC | 11,203 | 13,926 |
| 309,612 | 359,228 | |
| INCOME FROM OTHER ACTIVITIES | ||
| Miscellaneous sales | 0 | 763 |
| Trip income | 0 | 325 |
| PAT donation | 1,040 | 3,150 |
| Grant income | 0 | 0 |
| 1,040 | 4,238 | |
| INVESTMENT INCOME | ||
| Bank interest receivable | 384 | 736 |
| 384 | 736 | |
| Total incoming resources | 311,036 | 364,202 |
| CHARITABLE ACTIVITIES | ||
| Staff costs(note 2) | 315,091 | 297,280 |
| Staff training | 0 | 280 |
| Stationery, books and equipment | 3,621 | 5,504 |
| Clubs, events and trips(note 3) | 18,026 | 21,179 |
| Rates and water | 4,586 | 3,507 |
| Light and heat | 10,565 | 10,533 |
| Cleaning and domestic | 12,461 | 15,107 |
| Insurance | 9,121 | 13,856 |
| Repairs and maintenance | 4,612 | 5,513 |
| Telephone & internet | 3,157 | 2,617 |
| Postage, subscriptions and sundries | 74 | 1,825 |
| Depreciation | 2,668 | 2,909 |
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Charity number 505848
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
| 2025 £ |
2024 £ |
|
|---|---|---|
| Professional fees(note 4) | 8,801 | 16,299 |
| Administration costs | 2,533 | 3,941 |
| Support costs | 0 | 0 |
| Miscellaneous costs | 366 | 4,232 |
| Bad debts written off | 0 | 0 |
| Interest payable and similar charges | 1,403 | 1,176 |
| EXPENDITURE ON RAISING FUNDS Advertising & marketing |
397,086 11,221 |
405,759 9,692 |
| OTHER EXPENDITURE Charitable contribution |
11,221 0 |
9,692 50 |
| 0 | 50 | |
| Total outgoing resources | 408,306 | 415,501 |
| Net movement in funds | (97,270) | (51,299) |
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Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Notes to the Financial Statements
Year ended 31 July 2025
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
1 ACCOUNTING POLICIES
(i) Basis of preparation
The financial statements have been prepared in accordance with the Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the accounts.
(ii) Incoming resources
Income from fees is recognised when receivable. Investment and other income are recognised in the period in which they are received. Grants are recognised when receivable. Income received in the reporting year relating to future periods is carried into the balance sheet as deferred income and released back into the Statement of Financial Activities at the appropriate time.
(iii) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
(iv) Resources expended
Resources expended are accounted for on the accruals basis. Expenditure is attributed to cost categories based on the amount expended during the period. The irrecoverable element of VAT is included with the items of expenses to which it relates. Liabilities are recognised when service has been provided. Charitable objectives expenditure are those costs which meet the day-to-day running of the charity in the provision of education. Cost of generating funds is expenditure on advertising the school’s activities.
(v) Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
(vi) Tangible assets
Tangible fixed assets are included at cost. The property has not been depreciated in accordance with FRS 15 as the trustees believe the market value to be greater than the original cost, and expenditure is made and taken to the Statement of Financial Activities that enhances the property.
(vii) Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Freehold property NIL Plant & machinery 10% reducing balance Fixtures & equipment 25% reducing balance
Depreciation is not provided on buildings as these are intended to be held and maintained to a standard that permits use without a defined useful economic life. This departure from the FRSSE is necessary to show a true and fair view.
(viii) Pension costs
The charity operates a Teachers’ Pension Agency superannuation scheme (a defined benefit scheme) for employees. The assets of the scheme are held separately from those of the charity. The TPS is an unfunded
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Financial Statements · Year ended 31 July 2025
scheme and contributions are calculated so as to spread the cost of pensions over employees’ working lives with the charity in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quinquennial valuations using a prospective benefit method. The TPS is a multi-employer scheme and the charity is unable to identify its share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis. The TPS is therefore treated as a defined contribution scheme and the annual contributions payable are charged to the Statement of Financial Activities.
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Charity number 505848
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Notes to the Financial Statements
Year ended 31 July 2025
2 EMPLOYEES
The average number of persons employed by the entity during the year amounted to 8 (2024: 9).
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 244,728 | 234,674 |
| Social security costs | 15,448 | 15,977 |
| Other pension costs | 54,916 | 46,630 |
| 315,091 | 297,280 |
3 CLUBS, EVENTS AND TRIPS
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| School trips | 3,867 | 4,478 |
| Transport | 0 | 0 |
| Sport & swimming lessons | 9,162 | 9,584 |
| Rent of facilities | 900 | 1,329 |
| Events | 0 | 70 |
| Karate lessons | 0 | 0 |
| French lessons | 1,920 | 2,222 |
| Art lessons | 0 | 200 |
| Music lessons | 2,178 | 3,296 |
| 18,026 | 21,179 |
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Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Notes to the Financial Statements
Year ended 31 July 2025
4
PROFESSIONAL FEES
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Accountancy | 2,300 | 3,120 |
| Payroll | 1,200 | 0 |
| Bursar | 0 | 7,772 |
| Other professional fees | 5,301 | 5,407 |
| 8,801 | 16,299 |
5 FIXED ASSETS
| FREEHOLD PROPERTY |
PLANT & MACHINERY |
FIXTURES & EQUIPMENT |
TOTAL | |
|---|---|---|---|---|
| COST | £ | £ | £ | £ |
| At 1 August 2024 | 116,923 | 27,364 | 43,206 | 187,493 |
| Additions | 0 | 0 | 0 | 0 |
| Disposals | 0 | 0 | (212) | (212) |
| At 31 July 2025 | 116,923 | 27,364 | 42,994 | 187,281 |
| DEPRECIATION | ||||
| At 1 August 2024 | 0 | 11,811 | 38,752 | 50,563 |
| Charge for the year | 0 | 1,282 | 1,113 | 2,395 |
| Disposals | 0 | 0 | 0 | 0 |
| At 31 July 2025 | 0 | 13,092 | 39,866 | 52,958 |
| NET BOOK VALUE | ||||
| At 31 July 2025 | 116,923 | 14,271 | 3,128 | 134,323 |
| At 1 August 2024 | 116,923 | 15,553 | 4,454 | 136,930 |
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Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Notes to the Financial Statements
Year ended 31 July 2025
6
DEBTORS — AMOUNTS OWING WITHIN ONE YEAR
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Prepayments | 1,066 | 1,271 |
| Fees owed | 4,071 | 4,848 |
| 5,137 | 6,119 |
Debtors are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
7
CREDITORS — AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 6,100 | 4,841 |
| Accruals | 2,700 | 3,000 |
| Bounce Back Loan (BBLS) | 6,315 | 10,227 |
| Fees received in advance | 6,192 | 59,486 |
| PAYE & social security | 10,778 | 4,700 |
| VAT | 17,223 | 0 |
| Other creditors | 12,192 | 2,946 |
| 61,501 | 85,200 |
The charity has creditors which are measured at settlement amounts less any trade discounts.
8
CREDITORS — AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Bounce Back Loan (BBLS) | 10,350 | 11,298 |
| 10,350 | 11,298 |
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STELLA MARIS SCHOOL
Financial Statements · Year ended 31 July 2025
S T E L L A M A R I S S C H O O L
Notes to the Financial Statements
Year ended 31 July 2025
9 PENSIONS AND SIMILAR OBLIGATIONS
The charity operates a Teachers’ Pension Scheme England and Wales (TPS) for academic and related staff. This is a defined benefit scheme. The pension costs are assessed in accordance with the advice of independent qualified actuaries. The latest actuarial valuation of the TPS was published on 26 October 2023. Employer contributions amounting to £53,892 (2024: £45,786) were payable to the scheme in the year ending 31 July 2025.
Teachers’ Pension Scheme — Introduction
The Teachers’ Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme governed by the Teachers’ Pension Scheme Regulations 2014. Membership is automatic for full-time teachers in academies and, from 1 January 2007, automatic for teachers in part-time employment following appointment or a change of contract, although teachers may opt out.
The TPS is an unfunded scheme and members contribute on a ‘pay as you go’ basis. Contributions made by members and employers are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. The Teachers’ Pension Scheme Regulations require an annual account to be kept of receipts and expenditure (including the cost of pension increases). From 1 April 2001, the account has been credited with a real rate of return, equivalent to assuming that the balance in the account is invested in notional investments producing that rate of return. Various amendments have been made to the Teachers’ Pension Scheme Regulations; further details can be found via the UK legislation website (legislation.gov.uk).
Valuation of the Teachers’ Pension Scheme
The latest actuarial valuation of the Teachers’ Pension Scheme was carried out as at 31 March 2020 in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2023. The outcome of the valuation was published by the Department for Education in October 2023, with the full actuarial valuation report published in April 2024.
The TPS is a multi-employer defined benefit pension scheme. As it is not possible to identify the charity’s share of the underlying assets and liabilities of the scheme, contributions are accounted for as if the scheme were a defined contribution scheme. The valuation confirmed that employer contributions would increase by 5 percentage points from 1 April 2024 to ensure that the Scheme continues to meet current and future pension obligations. The employer contribution rate applicable from 1 April 2024 is 28.6% of pensionable pay (plus a 0.08% administration levy). The Teachers’ Pension Scheme valuation report and supporting documentation are published on the Teachers’ Pensions website and GOV.UK.
Stella Maris School
Charity number 505848
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