Charity registration number 507070
Company registration number 01348108 (England and Wales)
WITHAM HALL SCHOOL TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

WITHAM HALL SCHOOL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs H Banks
Mrs C Braid
Rev A Hawes
Mrs S Kerr-Dineen
Mr A Riddington
Mrs K Robertson
Mrs S Rowntree
Mr A Speers
Mr R Thain
Mr E Wass
Mr B Wilson
Mr WThomas
(Appointed 31 October 2023)
Secretsry
Mr P Lamb
Charity number
507070
Company number
01348108
Registered office
Witham Hall
Witham-on-the-Hill
Bourne
Lincolnshire
United Kingdom
PE10 OJJ
Auditor
Azets Audit Services
Westpoinl
Lynch Wood
Pelerborough
Cambridgeshire
United Kingdom
PE2 6FZ
Bankers
Handelsbanken
Fulura House
4 Axon Business Park
Commerce Road
Lynchwood
Pelerborough
Cambridgeshire
PE2 6LR
Solicltors
Greenwoods Solicitors LLP
Monkslone House
Peterborough
United Kingdom
PE1 1JE

WITHAM HALL SCHOOL TRUST
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
Independent auditor's report
8-10
stalement of financial activities
Balance sheet
13
Statement of cash flows
14
Notes to the financial Statements
15-30

WITHAM HALL SCHOOL TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 JULY 2024
The trustees present their annual report and financial statements for the year ended 31 July 2024.
The financial slatements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's Memorandum and Articles of As50cialion, the Companies Act
2006 and "Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland {FRS 102)" (effective 1 January 2019).
Objectives and activities
The Object of the Charity, in accordance with ils Memorandum of Association, is the education of thildren up lo
age13.
More particularly, the Board'5 main objective continued to be lo educate all the School's pupils to an
exceptionally high standard, so that they will be able to benefit fully from their chosen senior schoo5 for the
completion of their education in due course. To achieve this the School maintains a high teacher-to-pupil ratio,
tailoring our services as appropriate in each case to suil individual needs and constantly seeking to provide the
besi possible level of leaching, resources and facility provision.
Strategic aims and intended effect
The School's specific aims are..
to enable all children to achieve their academic and physical poténtial by providing a curriculum thal is
broad, balanced and differenliated ensuring continuity and progression of learning.,
to enable each child lo attain a sense of achievement beyond core academic subjects by providing a
wide spectrum of Cowcurricular opportunities within music, drama, art, technology, PE and games..
to enable each child to foster positive attitudes to learning and life., and
to enable each child to develop values and self-discipline within a Christian context which will allow himl
her to move with confidence and be sensitive lo others.
These aims are intended to be achieved through a hosl of ways bul notably by..
providing a safe and secure environment in which to learn and explore.,
encouraging an ethos of consideration of others and kindness amongst the School community.,
foslering ambition and encoura9ing children to reach their potential in all areas.,
recruiting and training committed and talented staff., and
providing an environment with commensurate facilities to offer a breadth of opportunity in line with the
School's holistic approach to education.
Principal activities
The trustees have paid due regard to guidance issued by the Charity Commission in deciding whal activities the
charity should undertake.
The School's principal aclivities continue to be the provision of a Pre-Prep and Prep School for children aged 4 10
13. The average number of pupils attending the school in the last year was 241. Class sizes remain small and
the quality of leaching consistently high. Oulside of the academic curriculum, the School provides regular
opportunities for sport, musio, drama and art. Matches are played against other schools, concerts and plays are
a regular part of school life and art exhibitions allow children to showcase their lalent.

WITHAM HALL SCHOOL TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Achievements and perfomiance
Operational performance of the School
The School continues lo provide an outstanding and broad education lo children aged 4-13.
The 35 Year 8 leavers, achieving 16 scholarships. moved on lo Senior Schools as follows..
610 Uppingham
7 to Oakham
410 Oundle
6 to Stamford Endowed SGhools
3 to Rugby
1 to Gresham's
2 lo Elon
1 to Bedford Modern School
1 to Marlborough
1 to Chellenham Ladies College
1 to Repton
110 Stowe
1 to Tudor Hall
Pupils performed strongly in their Common Entrance and scholarship examinalions. alongside the breadth of
school destinations, the pupils were also able to secure 16 different awards and scholarships.
Over the course of Ihe academic year, and while remaining mindful of the financial headwinds affecting all parts
of the independent education sector and indeed the wider economy, several improvements were made both lo
the School slte and lo the educational structures in place..
The review of limelable and lesson allocations was completed and has already begun to yield fruits as
seen in the number of academic scholarship awards and breadth of senior schools that our year 8
leavers moved on to.
The introduction of pupil devices for Year 8 in September 2023 has been a great success and is now
integrated into the year 8 timelables serving as great preparation for senior schools.
The new playground and exploratory play area for our youngesl pupils in Reception was opened in
January and has significantly enhanced our Reception pupils experience al Witham. Thanks to the
Friends of Witham for their conlributions lo this project.
The new car park was opened at Easter and has improved Ihe daily drop off and pick up routine.
Investment Perfonnance
In the course of the year, a total of £17,571 was reali5ed through short term investments. Alongside this, the
capital project loan was fully repaid during the year. There was also a strong uptake of families making use of the
Schools, existing Fees in Advance Scheme this year.
Financial review
The results for the financial year are set out in the Statement of Financial Activities on page 11. The nel deficit for
the year amounts lo £18.852. The financial position of the charity al the year-end 15 shown on page 13.
This marked Ihe stabilisalion of the position following the inflationary pressures seen during Ihe previous financial
year and first quarter of this year. Income remained broadly Gonsislenl across the years, whilst costs were
carefully managed to achieve a very close lo breakeven position. The opportunity has been taken to resel utility
contracts lo multi year agreements at much more manageable unit rates.
Overall this is lestament lo the School, lo closely manage the financial resources whilst providing an excellent
education for our pupils. The resultant deficit is in context very small. Furthermore, given the charity's large
annual deprecialion charge that forms part of its revenue expenditure, from a cash poinl of view, the operation
was sizably positive for the year.
The total amount spent on the upgrading of buildings and facilities (in addition to routine maintenance) in 2023124
was £84,272 12022123.. £112,236) on completed projects across Revenue (Major Works) and Capilal (Land &
Buildings). This total is more conservative Ihan in recent years, naturally so given the wider pressures on the
charity's budgets as discussed above and as was prudently foreseen at the point of publishing last year's report.
This investment focused principally on a range of smaller stand-alone renovation projects rather than any single
notable stand-alone new capital project, notable exceptions to this were the excellent Reception play area
and the extension to the car park, both making greal conlributions to daily life at Witham.

WITHAM HALL SCHOOL TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
From the point of view of cash-flow, the Governors. Policy {introduced October 2015, reviewed thereafter) is that
there will be no external borrowing without Board approval and the aim will be lo maintain a cash baance of at
least £310,000 la figure that, from 2023124 onwards will grow each year, index-linked to key inflationary markers
in the charity's accounts to ensure that the protection afforded by the reserve limit is not eroded over time by
inflalion}. In realily, this minimum is typically comfortably surpassed the majority of the time.
From the point of view of reserves, at the year end the free reserves (unrestricted funds less fixed assets)
amount lo £1,289,39412022123.' £267,035).
Investment policy and objectives
The Governors have considered the mosl appropriate policy for investing the funds and concluded that the
money market accounls meet their requirements both to generale modest income and relain a level of liquidity
required lo manage the School's funding needs al minimum risk. Investments are reviewed on a regular basis.
The School's borrowing was fully repaid during the year, therefore whilst being mindful of liquidity requirements
funds are invested in short term placements. rates are continually monitored lo ensure the duration of the
placements are optimal.
Risk management
The Board continues to keep the School's activities under review, particularly with regard to any major risks that
arise from lime lo time as well as the systems and procedures established to manage them. It monilors the
effectiveness of the system of internal controls, including insurance cover where appropriate, by which those
risks already identified can best be miligaled.
The Board is responsible for compliance with Health & Safety legislalion and has put in place the methodology
and appropriate controls to ensure that the ethos of comprehensive safely systems are fully understood and their
implementation followed throughout the School. The School employs a firm of Health and Safety Consultants
who visit the School three times a year lo ensure that the School complies wilh current legislation. The School
employs Ihe seNices of external advisors who periodically inspect buildings, equipment and boundary walls.
These inspections, periodically supported by a site-wide suNey as appropriate, provide a framework for the
School's maintenance programme. Alongside all this, a specialist tree consultancy firm is relained lo ensure that
all reasonably practicable measures are taken to reduce the risks of any injury caused by the many wonderful
trees on the property.
Future plans
The Estates Committee of the Governing Body are considering various plans for the future that will enable the
School to maintain the high standards of provision expected of a Preparatory School of ils standing and to
ensure that any surplus funds are used to provide facilities that will further enhance the School's ability to provide
a first class education. Longer-term focus remains concentrated on curriculum expansion for the pupils, wilh the
first ambition being the construction of a new Design and Technology Cenlre. Nevertheless, assiduous
management of capital commitments, while always important, has become especially so wilh the Ghanges lo the
tax treatment of independent schools due to come into effect from January 2025. Prudence will be key for the
coming years for all schools in the independent sector and for this reason the charity is thankful to already have a
markel-leading campus and range of facilities.
Structure, govemance and management
Witham Hall School Trust is a Charitable Trust - Charity Number 507070. and a Limited Company - Registration
Number 01348108 Iwilh the liability of its members limited to £1), founded in 1978. The registered office is at
Witham Hall, Witham-On-The-Hill, Bourne, Lincolnshire, PE10 OJJ.
The Company is governed by its Memorandum and Articles ofAssociation.

WITHAM HALL SCHOOL TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
All Trustees are Governors of the School and Directors of the company. New Governors are chosen for the
contribution that they are able to make to the Board. Specific shortfalls in area-specific knowledge and
experience in the Governing Board are identified as they arise via Board-level self-assessmenl (following an
AGBIS templalel and are thereafter addressed accordingly. All new Governor appointees complete an induction
process by the Clerk in line with the School's Governors, Appoinlmenl, Induction & Retiremenl Policy, as reported
to the Chairman.
All Governors received training on various aspects of governance from the Association of Governing Bodies of
Independent Schools {'AGBIS'} in June 2023. covering.. duties of Governors, self-assessment of a Governing
body., strategic planning,. inspection., oversight of safeguarding.. and an update on recent regulatory change and
future risks. A plethora of one-off training courses and webinars as appropriate are undertaken singularly on a
continual basis, bul the next Board-wide training day will be scheduled for approximalely June 2026.
The truslees, who are also the direclors for the purpose of company law, and who served during the year were..
Mrs H Banks
Mrs C Braid
Rev A Hawes
Mr B Holdsworth
Mrs S Kerr-Dineen
Mr A Riddinglon
Mrs K Robertson
Mrs S Rowntree
Mr A Speers
Mr R Thain
Mr E Wass
Mr B Wilson
Mf W Thomas
(Resigned 24 June 2024)
(Appointed 31 October 2023)
Key executives
The Head
The Bursar
Mrws DAusten
Mr P Lamb
Remuneration of key executives is set by the Governing Body as informed by periodic Inomially three yearly)
365 degree professional appraisals.
Organisational management
The Governors meet as a Board at least three times a year to determine the general policy of Ihe School and
review its overall management and control, for which they are legally responsible. The work of iMpl￿enting
most of the Board's policies is carried out by five sub-committees..
the Education Committee, chaired by Mrs K Robertson,.
the Health & Safety Committee, chaired by Mr R Thain.,
the External Relations committee, chaired by Mrs S Rowntree.,
the Estates Committee, chaired by Mr R Thain.. and
the Finance Committee, chaired by Mr E Wass.
Each Committee meets al least once per term in advance of the main Governors, meeting. Committee
chairpersons pul fonmard any recommendations from these commillees lo the full board.
The School is a member of the Association of Governing Bodies of Independent Schools.
The day-to-day running of the School is delegated to the Headmaster and the Bursar, supported by other
teaching members of the Senior Management Team.

WITHAM HALL SCHOOL TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Group structure and relationships
The School is an active member of the Independent Association of Preparatory Schools for the promotion and
maintenance of preparatory school slandards generally and of the Independent Schools, Bursars Association
which gives support lo the Bursar and adminislralive staff. The School has iniliated and takes part in peer group
studies for the evaluation of quality and perfomiance improvement methods.
Charitable public benefit
Indirect Benefits
The School is a charity whose object is a purpose falling within section 3{1)b of the Charities Act 2011, namely
the advancement of education. 11 is a purpose for the public benefrt and is therefore a charitable purpose as
defined in section 2(1 }b of the Act.
The School offers indirect benefit lo the wider community through the employment of 95 (2022123.. 99) monthly
employees on average and the School reduces the burden on the state sector by providing an education for 241
pupils {2022123.' 248).
The Trustees are fulfilling the Charitable Trust's obligations lo provide public benefit through the not-for-profit
provision of education lo children and through a wide variety of other means. However, in addition lo this, the
School has a strong practice of providing support in leaching, facility and transport to schools bolh locally and
internationally, as well as facility provision for drama, music and sport to the immediate and wider communities.
School Partnerships
Edenham CofE Primary School
Reception & Year 1 Outdoor Learning.. Ihe fortnightly sharing of leaching resources and outdoor
facilities, facilitated by use of School minibuses, drivers and teachers.
Bylhams Primary School {'BPS')
Teaching of PE & Games.. BPS children are collected weekly & brought to this School by three of our
minibuses and drivers, and laughl by this School's staff ahead of being returned lo their school.
School hosts Ihe BPS end of year concert for pupils and parents. School hosts the Christmas nativty
performance for pupils and parents.
Bourne Westfield Primary Academy
Hosting teacher-training days (e.g. SCITT training for ITTS Ilnitial Teaching Training)).
Wider Work Undertaken wlth Local Schools
Performing Arts
School acts as a host centre for Rockschool exams to which pupils from many local slate schools
come. These pupils use this School's equipment for Ihe exams, as well as the venue and warm-up
facilities.
School acls as a centre for some stale school children to take ABRSM music exams. There are
typically 5 or 6 from BGS. who furthermore will be accompanied by this School's Director of Music.
Sport
The School extends invitations for annual Cross Country & Athletics events lo a number of local
primary schools.
The following are all regular visitors for these competilions.. Edenham, Morton, Bourne Wesffield
Primary Academy and Heritage Park.

WITHAM HALL SCHOOL TRUST
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
BursaryArrangements
The School currently supports pupils with Bursarial support., bursaries of up to 100'/o of the Full Tuilion
Fee ale available, with additional support for other ancillary costs available for consideralion (commonly
known as '110 % bursaries")..
In the year £587,797 was given away via remission of fees, which equates to 13.50/0 of overall day
Tuition Fees {2022123.' £480,704 or 11.4 % ).
The School is an accredited partner for Royal Springboard Foundation whose work in linking up children
in need with life-changing bursaries is widely acclaimed.
The School invites (via the websilel prospective parents to inquire about Bursary provision. In some
school year-groups pupil numbers are such that no further places are available. Vvhere this is not the
case. the Bursar is able to discuss potential opportunities, subjecl lo the process currently overseen by
the Governors, Bursary Committee.
Outside of the above, the School also provides short-lemi support for existing families on an occasional
basis where case5 of financial hardship make it necessary.
Fundraising
The Charity is Compliant with the recognised standards of fundraising sel out in the Code of Fundraising Practice.
Wilham Hall School Trust does not use professional fundraisers and there have been no complaints re￿iVed by
the Charity about fund raising activities carried out by the Charity in the year.
Auditor
In accordance with the company's articles. a resolution proposing that Azets Audit Services be reappointed as
auditor of the company will be pul al a General Meeting.
Disclosure of infomiation to auditor
Each of the Iruslees has confirmed that there is no information of which they are aware which is relevant lo the
audil, bul of which the audilor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the audilor is aware of such information.
The trustees. report was approved by the Board of Trustees.
MrA Riddington
Chairman
tyl:,lfy
Dated

WITHAM HALL SCHOOL TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 JULY 2024
The trustees, who are also the directors of Wilham Hall School Trust for the purpose of company law, 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).
Company Law requires the trustees to prepare financial statements for each financial year which give a Irue and fair
view of the stale of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for thal year.
In preparing Ihese 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;
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concem basis unless it is inappropriate to piesume that the charity
will continue in operation.
The Irustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any lime the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

WITHAM HALL SCHOOL TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF WITHAM HALL SCHOOL TRUST
Opinion
We have audited the financial statements of Wilham Hall School Trust (the 'charity'} for the year ended 31 July 2024
which comprise the slalement of financial activities, the balance sheet, the statement of cash flows and the note5 to
the financial stalements, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Slandards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the stale of the charitable company's affairs as at 31 July 2024 and of its incoming
resources and application of resources, including ils income and expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepled Accounting Practi￿.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Inlernalional Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorts responsibilities for the audit ol
Ihe financial stat8meiits seclion of our report. We are independent of the charity in accordance with the elhical
requirements thal are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have oblained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of
accounting in the preparalion of the financial slalements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events OT
conditions that, individually or collectively, may cast significant doubt on the charity's ability lo continue as a going
concern for a period of al least twelve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibililies of the trustees wilh respect lo going concern are described in the
relevant sections of this report.
Other infom)ation
The other information Comprises the information included in the annual report other than the financial statements
and our auditor's report Ihereon. The trustees are responsible for the other information ￿ntaIned within the annual
report. Our opinion on the financial slalements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears
lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise lo a material misstatement in the financial slalements themselves. If,
based on the work we have performed, we conclude that there is a malerial misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on Ihe work undertaken in the course of our audit..
the informalion given in the trustees, report for the financial year for which the financial statements are
prepared, which includes the directors, report prepared for the purposes of company law. is consistent with the
financial statements., and
the direclors, report included within the trustees, report has been prepared in accordance with applicable legal
requirements.

WITHAM HALL SCHOOL TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WITHAM HALL SCHOOL TRUST
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and ils environment obtained in the course of the
audit, we have not identified material misstatements in the directors, report included within the trustees, report.
We have nothing to report in respecl of the following matter5 in relation to which the Companies Act 2006 requires
us lo report lo you if, in our opinion..
adequate accounting records have not been kept. or retums adequate for our audit have not been received
from branches nol visited by us.. or
the financial statements are not in agreement with the accounting records and relums., or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.. or
the trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the slalement of trustees, responsibilities. the Iruslees, who are also the directors of the
charity for Ihe purpose of company law, are responsible for the preparation of the financial statemen15 and for being
satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary lo
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial stalemenls, the trustees are responsible for assessing the charity's ability to
continue as a going concern. disclosing, as applicable, matters relaled lo going concern and using the going
concern basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease
operations, or have no realistic alternative bul to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objective5 are lo obtain reasonable assurance about whether the financial statemenls as a whole are free from
material misstatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee Ihat an audit conducted in accordance
with ISAS (UK) will always delect a material misslalemenl when il exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influen
the economic decisions of users taken on Ihe basis of these financial stalemenls.
A further description of our responsibilities is available on the Financial Reporting Council's websile at.. https'.11
www.frc.org.uklaudilorsresponsibililies. This descriplion foms part of our auditor's report.

WITHAM HALL SCHOOL TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WITHAM HALL SCHOOL TRUST
Extent to which the audit was considered capable of detecting irregularitie5, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material
misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future
developments. including in relation lo the legal and regulatory framework applicable and how the entity is complying
with that framework. Based on this understanding, we identify and assess the risks of material misstalemenl of the
financial slalements, whether due to fraud or error, design and perform audit procedures responsive to those risks,
and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. This includes
consideration of the risk of acts by Ihe entily that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed
procedures which included..
Enquiry of management and those charged with governance around actual and potential litigation and
claims as well as actual, suspected and alleged fraud..
Reviewing minutes of meetings of those charged with governance.,
Assessing the extent of compliance with the laws and regulations considered to have a direct material
effect on the financial statements or the operations of the entity through enquiry and inspection.,
Reviewing financial statemenl disclosures and testing to supporting documentation to assess compliance
wilh applicable laws and regulations;
Performing audit work over the risk of management bias and override of controls, including testing of
journal entries and other adjustments for appropriateness, evaluating the business ralionale of significant
transactions outside the normal course of business and reviewing accounting estimates for indicators of
potential bias.
Because of the inherent limitations of an audit, there is a risk Ihal we will nol delecl all irregularities, including those
leading to a material misstatement in the financial statemenls or non-compliance wilh regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial statements, as we will be less likely lo become aware of instances of noTrcompliance. The risk of
not detecting a material misslalement resulting from fraud is higher than for one resulting from error. as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the oveffide of internal control.
Use of our report
This report is made solely lo the charitable company's members. as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitatle company's
members those matters we are required lo stale to them in an auditor's report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charilable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Tracey Richardson Bsc (Honsl FCA (Senior Ststutory Auditor)
for and on behalf ofAzets Audit Services
Chartered Accountsnts
ststutory Auditor
Weslpoint
Lynch Wood
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ
10-

WITHAM HALL SCHOOL TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
Current financial year
Unrestricted Restricted
funds
funds
2024
2024
Total
Total
2024
2023
Notes
ncome and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
5,630
4,560,509
43,685
17,571
32,650
7,383
13.013
4,560,509
43,685
17,571
32,650
59,138
4,527,352
49,793
7,968
26,248
Total income
4,660,045
7,383
4,667,428
4,670,499
Raisin
funds
Fundraising and publicity
Other trading activities
29,912
42,193
29,912
42,193
30.707
45.180
72,105
72,105
75,887
Charitable activities
4,606,792
7,383
4,614,175
4,619,974
Total expenditure
4,678,897
7,383
4,686,280
4,695,861
Net expenditure for the yearl
Net movement in funds
{18,852}
(18,8521
(25,3621
Fund balances al 1 August 2023
5,353.159
5,353,159
5,378,521
Fund balances at 31 July 2024
5.334,307
5,334,307
5,353,159
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activilies.
The slalemenl of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
11

WITHAM HALL SCHOOL TRUST
STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
Prior financial year
Unrestricted Restricted
funds
funds
2023
2023
Total
2023
Notes
ncome and endowments from:
Donations and legacies
Charitable activities
other trading activities
Investments
other income
35,884
4,527.352
49,793
7,968
26,248
23,254
59,138
4.527,352
49,793
7,968
26,248
Total income
4,647,245
23.254 4,670,499
Fundraising and publicity
Other trading activities
30,707
45,180
30,707
45,180
75,887
75,887
Charitable activitie5
4,596,720
23,254 4,619,974
Total expenditure
4.672,607
23,254
4,695,861
Net expenditure for the yearl
Net movement in funds
125.362)
125,362}
Fund balances at 1 August 2022
5,378,521
5,378,521
Fund balances at 31 July 2023
5,353,159
5,353,159
12-

WITHAM HALL SCHOOL TRUST
BALANCE SHEET
AS AT31 JULY2024
2024
2023
Notes
Fixed assets
Tangible assets
14
5,383,887
5,603,179
Current assets
Stocks
Debtors
Cash al bank and in hand
16
17
40,071
405,115
1,461,173
40,746
340,261
682,031
1,906,359
1.063,038
Creditors: amounts falling due withln
one year
19
(1,057,951 }
(1,173,213)
Net current asselsl(liabilities)
848,408
(110,1751
Total assets less current liabilities
6,232,295
5,493,004
Creditors: amounts falling due after
more than one year
20
1897,988)
(139.845)
Net assets
5,334,307
5,353,159
Income funds
restricted f
Designated funds
General unrestricted funds
23
3,607,711
1.726.596
4,594,739
758,420
5,334,307
5,353,159
5,334,307
5,353,159
The accounts were approved by the Trustees on
Mr A Riddinglon
Trustee
Mr E Wass
Trustee
Company Registration No. 01348108
13

WITHAM HALL SCHOOL TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
29
1,233,096
303,334
Investing activities
Purchase of tangible fixed assels
Proceeds on disposal of tangible fixed
assets
Inlerest received
(165,275)
{204,149}
1,000
7,968
17,571
Net tash used in investing activities
{147.704)
{195,181)
Financing activities
Movement of bank loans
(306,250)
(75,000}
Net cash used in financlng actlvities
1306,2501
{75,000}
Net increase in cash and cash equlvalents
779,142
33,153
Cash and cash equivalents at beginning of year
682,031
648,878
Cash and cash equivalents at end of year
1,461,173
682,031
14-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies
Company infomiatlon
Wilham Hall School Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is Witham Hall, Witham-on-the-Hill, Bourne, Lincolnshire, PE10 OJJ. Uniled Kingdom.
1.1 Accounting Convention
The financial slalements have been prepared in accordance with the charity's [governing documentl, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102"} and the Charities SORP "Accounting and Reporting by Charities.. Statement ol
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}" leffeclive 1 January 2019). The
harily is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level of
income and expenditure for 12 months from authorising these financial slatements, the trustees have
considered the impact of energy costs. The budgeted income and expenditure is sufficient with the level of
reserves for Ihe charity lo be able to continue as a going concern.
1.3 Charitable funds
Unrestricled funds arè available for use al the discretion of the trustees in furtherance of their charilable
objectives unless the funds have been designated for other purposes.
Designated funds comprise funds which have been sel aside al the discretion of the trustees for specific
purposes. The purposes and uses of the designated funds are set out in the notes lo the accounts.
Restricted funds are subject lo specific conditions by donors as lo how they may be used. The purwses and
uses of the restricted funds are set oul in the notes to the accounts.
1.4 Incoming resources
Fees receivable and charges for services and use of premises are accounted for in the period in which the
service is provided. Fees receivable are slated after deducting allowances, scholarships and other remissions
granted by the school from its unrestricled funds, bul include conlribulions received from restrict¥J funds for
scholarships, bursaries and other granls.
Donations received for the general purposes of the charity are included as unrestricted funds. Donations for
activities reslricted by the wishes of the donor are taken lo 'restricled funds" where these wishes are legally
binding on the trustees.
Investment income is accounted for in the perFod in which the charity is entitlèd lo re￿ipl.
Grants are recognised in full in the Slalement of Financial Activities in the year in which they are receivable.
Bursaries and allowances from unrestricted funds lowards School fees al the School are treated as a
reduction in those fees.
15-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies
(Continued)
1.5 Resources expended
Resources expended are accounted for on an accruals basis.
1.6 Tangible fixed assets
Tangible fixed assels are initially measured at cost and subsequenlly measured at cost or valuation, nel of
depreciation and any impairment losses.
Depreciation is recognised so as lo wrile off the cost or valuation of assets less their residual values over their
useful lives on Ihe following bases:
Buildings
Equipment, furniture and fittings
Motor vehicles
Bekneen 2 / - 25 /ts p.a. straight line
6.67 /., 10 /, 15°/o or 25./0 p.a. straight line
30 % p.a. reducing balance
Freehold land and assets in the course of construction are not depreciated.
The gain or loss arising on the disposal of an assel is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial aclivilies.
1.7 Borrowing costs related to fixed assets
Borrowing costs directly allribulable lo the acquisition, construction or production of qualifying assets, which
are assets that necessarily take a substantial period of lime lo gel ready for their intended use or sale, are
added lo the cost of those assets, until such lime as the assets are substantially ready for their intended use
or sale.
All other borrowing cosls are recognised in net incomel{expenditure) in the period in which they are incurred.
1.8 Impaimient of fixed assets
At each reporting end dale, the charity reviews the carrying amounts of its tangible assets lo determine
whether there is any indication that those assets have suffered an impairmenl loss. If any such ind￿allOn
exists, the recoverable amount of the asset is estimated in order to determine Ihe extenl of the impairment
loss (if any).
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use,
the estimated future cash flows are discounted to their present value using a pre-lax discount rale that reflects
current market assessments of the lime value of money and the risks specific to Ihe assel for which the
estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of
the asset is reduced lo its recoverable amount. An impairment loss is recognised immediately in incomel
(expenditure) for the year, unless the relevant asset is carried at a revalued amounl, in which case the
impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if. and only if. the reasons for the impairment loss have ceased
to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to
the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed
the carrying amount that would have been determined had no impairment loss been recognised for the asset
in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried
in al a revalued amount, in which case the reversal of the impairment loss is treated as a revaluati)n
increase.
16-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies
(Continued)
1.9 stocks
Stocks are staled at the lower of cost and net realisable value.
Net realisable value is the estimated selling price less all estimated costs of completion and costs lo be
incurred in marketing, selling and distribution.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call with bank5, Other short-lerm liquid
inveslmenls with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.11 Financial instruments
The charity has elected lo apply the provisions of Section 11 'Ba5ic Financial Instruments. and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the
effective inleresl method unless the arrangement constitutes a financing Iransaclion, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future receipts discounted at a market rale of interest. Financial liabilities classified as payable
within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acqLsired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured al amortised cosl using the effeGlive interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
reGeived.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or lo provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
17-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
A¢counting poltcies
(Continued)
1.13 Leases
Rentals payable under operating leases, including any lease incentives received, are charged as an expense
on a straight line basis over the term of the relevant lease.
1.14 Fees in advance scheme
The School has accepted sums in respect of certain pupils and in return has undertaken lo discharge defined
amount5 of the fees chargeable in respect of those pupils subsequent lo the year end. In the event of a pupil's
withdrawal from the School, before all agreed amounts have been credited, the School has agreed to transfer
the remaining amounts lo any other School in accordance with the agreement.
The School's liability in respect of advance fees which it has accepted, has been brought into Ihese accounls.
Critical accounting estimates and judgements
In the applicalion of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amounl of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only Ihal
period, or in the period of the revision and future periods where the revision affects both current and fulure
periods.
18-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Charitable activities
2024
2023
School fees
Fees from rechargeables
Fees from other income
4,060,054
368,975
131,480
4,048,843
339,751
138,758
4,560,509
4,527,352
Other trading activities
Unrestricted Unrestricted
funds
funds
2024
2023
Trading activities
43,685
49,793
Investments
Unrestricted Unrestricted
funds
funds
2024
2023
Rental income
Bank inlerest received
4,500
13,071
5,400
2,568
17,571
7,968
Other income
Unrestricted Unrestricted
funds
funds
2024
2023
Other income
32,650
26,248
20-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
ra
ubli
Other fundraising costs
Staff costs
2,963
26,949
5,010
25,697
Fundraising and publicity
29,912
30,707
Other
din
activities
C051 of goods
Staff costs
26,794
15,399
28,822
16,358
Other trading activities
42,193
45,180
72,105
75,887
Charitable activities
2024
2023
Teaching salaries
Teaching costs
Rechargeable items
Welfare
1,791,319
127,799
380,806
422,698
1.776,758
124,068
348,639
407,407
2,722,622
2,656.872
Support costs (see note 10)
Governance costs {see note 10)
1,862,979
28,574
1,932,479
30,623
4,614,175
4,619,974
Analysi5 by fund
Unreslricted funds
Restiicted funds
4,606,792
7,383
4,596,720
23,254
4,614,175
4,619,974
21

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
10 Support costs
Support Governance
costs
osts
2024
2023
Depreciation and loss on disposal of fixed assets
Estates
Vehicles and travel
Administration
Staffing cosls
Fundraising disbursed
Provisions
Finance and bank charges
Audit fees
Legal and professional
Governors, expenses
384,567
879,099
47,915
459,915
46,810
7,423
8,905
28,345
384,567
879,099
47,915
459,915
46,810
7,423
8,905
28,345
11,773
16,695
106
395,263
937,701
43,793
441,099
74.467
23,294
(23,092)
39,954
11,196
19,054
373
11.773
16,695
106
1,862.979
28,574
1.891.553
1,963,102
11 Trustees
During the year no governors were reimbursed any expenses (2023- none}.
None of the trustees {or any persons connected with Ihem} received any remuneralion or benefits from the
charity during the year {2023 - none).
-22-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
12 Employees
Number of employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Teachers, matrons and administrative slaff
Domestic, estates and ground staff
78
17
81
18
95
99
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
2,441,188
228,673
301,671
2,428,392
220,567
291,897
2,971,532
2,940,856
Included in the above are termination payments made to 2 staff members totaling £6,23312023- 2 staff
members totaling £27,650).
The number of employees whose annual remuneralion was £60,000 or more
were..
2024
Number
2023
Number
£70,001- £80,000
£80,001- £90,000
Of the employees whose emoluments exceed £60,000, 2 12023 - 2) participated in a defined contribution
pension scheme. During the year pension contributions amounted to £16,636 12023 - £19,074) for Ihese
employees.
13 Taxatlon
The charity is exempl from tax on income and gains falling within Section 505 of the Taxes Act 1988 or section
252 of the Taxalionof Chargeable Gains Act 1992 to the extent thal these are applied lo ils charitable objects.
23-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
14 Tangible fixed assets
Land and Assets under Equipment,
buildings construction
furniture
and fittings
Motor
vehicles
Total
Cost
At 1 August 2023
Additions
Disposals
Transfer of assets under construction
now completed
7.583,629
47,166
11,357 2,118,362
23.071
95,038
(45,1231
173,301 9,886,649
165,275
{45,123}
27,747
127,747)
At 31 July 2024
7,658,542
6,681
2.168.277
173,301 10,006,801
Depreciation and impairment
Al 1 August 2023
Depreciation charged in the year
Eliminaled in respect of disposals
2,483,192
235,346
1,671,590
136,060
{43,651}
128,688 4,283,470
11,689
383,095
143,651)
At 31 July 2024
2,718,538
1.763,999
140,377 4.622,914
Carrying amount
At 31 July 2024
4,940,004
6,681
404,278
32,924 5.383,887
Al 31 July 2023
5,100,437
11,357
446.772
44,613 5,603,179
15 Financial instruments
2024
2023
Carrying amount of financial assets
Trade debtors
Cash al bank and in hand
175,976
1,461,173
173,597
682,031
Measured at cosl
1,637,149
855,628
Carrying amount of financial liabilities
Bank loans
Fees in advance scheme
Deposits held
Trade creditors
Other creditors
Accruals
306,250
217,528
266,600
109,005
96,851
88,382
1,346,839
253,950
61,762
71,436
46,413
Measured at cost
1,780,400
1,084,616
16 Stocks
2024
2023
Goods for resale
40,071
40,746
-24-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
17 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
175,976
229,139
173,597
166,664
405,115
340,261
18 Loans and overdrafts
2024
2023
Bank loans
306,250
Payable within one year
306,250
The long-term loans are secured by fixed and floating charges over the charitable company.
19 Creditors." amounts falling due within one year
2024
2023
Notes
Loans and overdrafts
Other laxalion and social security
Fees in advance scheme
Payments received on account
Deposits held
Trade credrtors
Other creditors
Accruals and deferred income
18
306,250
53,900
77,683
174,542
266,600
109,005
96,851
88,382
57,593
448,851
117,946
253,950
61,762
71,436
46,413
21
1,057,951
1.173,213
20 Creditors: amounts falling due after more than one year
2024
2023
Notes
Fees in advance scheme
21
897,988
139,845
-25-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
21 Creditors: fees in advance scheme
2024
2023
Fees in advance as at 31 July 2023
New deposits
Fees payments I refunds
Discounts given against fees
217,528
1,222,695
1107,610}
14,226
260.717
77,049
{135,3831
15,145
1,346,839
217,528
22 Restricted funds
The income funds of the charity include reslricled funds comprising the following unexpended balanos of
donations and grants held on trust for specific purposes..
Movement in funds
Income
Expendlture
Movement in funds
In¢omt Expenditur
Balanc& at
1 August 2023
Balance at
31 July 2024
Charity fund
23,254
{23,254}
7,383
{7,383)
The charity fund consists of income and expenditure related lo various fundraising activities {see charitable
public benefit Gomments in the Trustees, Report on page 5).
-26-

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Z5 fn
Z5

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
25 Operating lease commitments
Al the reporting end date the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases. which fall due as follows..
2024
2023
Within one year
Between Iwo and five years
In over five years
15,711
24,317
15,711
36,496
3,575
40,028
55,782
26 Capital commitment5
2024
2023
Al 31 July 2024 the charity had capital commitments as follows:
Conlracled for but not provided in the financial stalemenls..
Acquisition of property, plant and equipment
45,574
16,765
27 Related party transactions
Remuneration of key management personnel
The remuneration of key managemeni personnel, who are Ihe seven {2023 - seven) members of the senior
managemenl team, is as follows.
2024
2023
Aggregate compensation
466,106
449,793
Transactions with related parties
The charily leases property owned by a relative of Ihe trustee Mr5 H M Banks. Rent paid in the year of £5,000
{2023 - £5,000) is materially less than that payable on a commercial basis. The amount outstanding at the end
ofthe year was £10,000 {2023- £5.0001.
There were no other transactions entered into by the charity in which trustees held a direct or indirect interest.
28 Controlling party
The charitable company is controlled by the trustees who are the directors for the purposes of company law.
As a result, no one individual or body has control over the charitable company.
-29-

WITHAM HALL SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
29 Cash generated from operations
2024
2023
Deficit for the year
(18,852)
125.362)
Adjuslmenls for..
Inve51menl income recognised in profil or loss
Loss on disposal of langible fixed assets
Depreciation and impairment of tangible fixed assets
117,571)
1,472
383,095
(7,968)
1,230
394,033
Movements in working capital..
Decreasel{increase) in stocks
Ilncrease}Idecrease in debtors
(Decrease) in creditors
Increaselldecreasel in fees in advan
675
164,854)
{180,180)
1,129,311
(186)
3,122
118,346)
143,189)
Cash generated from operations
1,233,096
303,334
30 Analysis of changes Sn net funds
At 1 August 2023
Cash flows At 31 July 2024
Cash at bank and in hand
682,031
779.142
1,461,173
Loans falling due within one year
(306,250)
306,250
375.781
1,085,392
1,461,173
-30-