Company Registration Number 02185224
Charity Registrntion Number 519496
Wyclif Independent Christlan Educational Association Limited
Compally Limited by Guarantee
Report and Unauditsd Financial Statements
for the Year Ended 31 July 2024

Wyelif Independent ChristiaD Educational Association Limited
CompaDy Limited by Guarantee
Company Inforniation
Trustees
Alan Southgate
Sarah Corney
Karl O'Dare
David Morley
David Jones (Resigned 21 March 2024)
Gavin Meth¢ringham (Resigned I l December 2023)
Adam Fairnlan (Appointed 15 June 2023)
Dr Amanda Bosanquet (Appointed 21 March 2024)
Company Secretary
Sarah Bufton
Treasurer
Dr. Paul Corney
Company Number
02185224
Cbarity Number
519496
Registered Otyice
Ebenezer Baptist Church
Wyndham Street
Machen
Caerphilly
CF83 8PU
Accountants
R H Jeffs & Rowe Limited
Chartered Accountants
Pontypridd
CF37 2HW
Bankers
Lloyds Bank plc
Market Square
Pontypridd
Website
http://wyclifchristianschool.or

Wyclif Independent Christian Educatlonal Association Limited
Company Limited by Guarantee
Contents
Page
Trustees Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notss to the Financial Statements
9-14

Wyclif IndependeDt Christian Educational Association Limited
Company Limited by Guarantee
Trnstees, Report
for the Year Ended 31 July 2024
The trustees present their report and the financial statements for the Year ended 31 Juty 2024. This report also
represents the Directors, Report required by company law.
Trustees
The trustees who served during th¢ Year are as stated below".
Alan Southgate
Sarah Corney
KaTI O'Dare
David Morley
David Jones (Resigned 21 March 2024)
Gavin Metheringham (Resigned I l December 2023)
Adam Fainnan (Appointed 15 June 2023)
Dr Amanda Bosanquet (Appointed 21 March 2024)
Structure, GovernaDce and Management
The organisation is a Gbaritable company limited by guarantee. incorporated on 29 October 1987 2nd
registered ￿ a charity on 7 December 1987. The COTnpany was established under a Mcmoranduin of
Association which established the objects and powers of the charitable Lompany and is governed under its
Articles of Association .
OrganisatioDal Strncthre
All major decisions and staff appointments are made in the regular governors meetings (trustees meeting).
The school governors set policy and the school's senior management team are required to implement the
school policy set by the board of governors. Members of the senior management team attend all governor
meetings. This is usually the Headteacher and Deputy Headteacher. All pay is reviewed and decided by the
governing body.
Quarterly, the Treasurer makes a full fll)ancial report to the governing body including review of payments,
receipts and reserves. Annual budgets are PTepared and presented to the governing body eacli yeaT. Staff
remuneration is reviewed annually and d￿lded by the governing body.
Appointment of New Trustees & TrainiDg
New twstees are appointed by the governing body. All govcrnors are subject to DBS saftguarding checks
and receive safeguarding training. All major decisions and staff appointments are made in the regular
governors meetings (trustees meeting).
Objectives and Activities
The objective is to promote and provide for the advancement of Christian education in Mid-Glamorgan,
South Glamorgan and Gwent by the running of a school.
Page I

Wyclif Independent Christian EducatioDal Association Limited
Company Limited by GuaraDtse
Trustees, Report
for the Year EDded 31 July 2024
. continued
Public Benefit
The School Continues to provide a Christian based education for children from the age of 4 until 18.
The School promotes the academic, moial, and physical development of the children. thus preparing them for
the responsibilites of adult life. A number of our children have special needs and these arc catered for with
tbe cooperation of the appropriate authorities.
The modest fee structure ensures that parents who would not nonnally be able to afford school fees have
access to a Christian education that they wish to have for their children.
The Trustees have had regard to the Charity Commission's guidance on public benefit.
Annual Review
The subjects offered at GCSE level during tlie year were.. English Language, Englisli LiteratUTe, Mathematics.
Physics, Chemisty. Biology, History, ICT (Sliort Course), Religious Studies and Spanish. Additionally at
Year 13, the followuig subjects have bcell provided at GCE A Level.. Matliematɢs, English, Spanish,
Computer Science. Physics, History, Art and Geography.
In 2024, 12 pupils completed Year I I GCSE examinations with 90.2 % of students acbieving the tkvel 2
national standard. Tbis is defined as 5 or more A* _ C grndes including Mathematics and English Language.
In 2024, 10 students completed 29 Year 13 GSE A Level examinations with 79 % of these exams resulting in
A* _ C grades.
Financial Review
The Statement of Financial Activities (SOFA) is designed to show the user what funds the charity generated
during the year, and how those funds are spent. The SOFA also shows the fvnds and assets designated by the
trustees for a specific purpose, and those funds and assets that can be spent or utilised at the trustee's
discretion, within the confines of the charity's aims and objectives. These are the unrestricted funds of the
charity.
Income generated by the charity this year increased to £571,912 from £503,188.
Costs for the year increased to £548,622 froni £525,008. Full details of expenditure are shown in note 3 of the
accounts.
The charity therefore made an overall surplus of £23,290 (LIY - Deficit £21.819).
The charity balance sheet is a snap shot value in costs tern]s only, of tlie charity's vale as at the close of
business on the 31 July 2024. No attempt has been made to place a market value on any of the buildings or
equipmeDt as the trustees have no plans to sell significant &8sets, but instead plan on continuing to use the
asset to help the charity with its aims and objectives.
On the balance sheet the fixed assets decreased in cost value to £125,547 from £129,714. This decrease is due
to the deduction from the depreciation charge which reflects the Costs of wear and tear from usage.
Money held by the charity increased by £144,630 during the year whilst debtors increased by £6,592.
CreditOTS and other money owed by the charity at the year-end increased by £123,819 from last year.
Page 2

Wyclif Independent Christian Educational Association Limited
Company Limited by Guarantee
Trustees, Report
for the Year Ended 31 July 2024
. continued
The balance sheet then shows the funds split between unrestricted and restricted, with note 10 of the accounts
showing what assets arc reflected in the fund balances.
Reserves Policy
The trustees recognise the importance of maintaining unrestrictcd fvnds at a level necessary to fund the
continuing activities of the charity. The reserves hcld in the bank accounts totalled £222,295 at the year-end
(LIY_ £77,665).
Annually a fornial assessment of our reserves is made. Quarterly, the treasurer makes a full f￿ancIal report to
the governing body.
Investment Policy
The trustees have considered the most appropriate policy for investing fi￿dS and have concluded that funds
surplus to the immediate requirements of the charity should be placed in a bank deposit account and
transferred &s required.
Future Plans
The charity plans continuing the activities outlined above in future years subject to pupil numbers.
This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006
relating to small companies.
The Tn￿teeS Report was approved by the Board on P-T¢:.D.e&. ZDIFand signed on its behalf by:
Trustee
Page 3

Independent Examiner's Report to the Trustees of
Wyclif Independent Christian Educational Association Limited
report to the trustees (who are also Directors for the p￿￿oSe of company law) on my examination of the
financi&l statements of Wyclif Independent Christian Educational Association Limited ('the charitable
compan)H) for the year ended 31 July 2024 which comprise the Statement of Financial Activities. the Balance
Sheet- and related notes.
This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities
Act 2011. My work h&8 beKn undertaken so that I Niight state to the charity's trustees those matters I am
required to stats to them in this report and for no otlier purpose. To the fullest extent pennitted by law, I do not
accept or assume responsibility to anyone otlier than the ch8Tity and the charity's trustecs ks a body, for my
work, for this repo¢ or for tlie opinions I have fornied.
Responsibilities and Basis of Report
As the trustces of cbaritable company you are responsible for the preparation of the fmancial statements in
accordance with the rquirements of the Companies Act 2006 Cthe 2006 ACV).
Having satisfied myself that th¢ financial statements of the charAtable company are not required to be audited
undcr Part 16 of the Act and are eligible for independent examination. I report in respect of my examination of
the charitable company's financial statements Carried out under section 145 of the Charities Act 2011 ('thc
2011 Act,) and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 145{5)(b) of the 2011 ACL
An independent examination does not involve gathering all the evidence that would be required in an audit and
consequently does not cover all the matters that an auditor considers in giving their opinion on the fInan¢ial
statements. The planning and conduct of an audit goes beyond the limited assurance that an independent
examination can provide. Consequently l express no opinion as to wliether the financial statements present a
'true ￿]d fairf view and my report is limited to those specifIc matters set out in the independent examiner's
statement.
Independent ExamiDer's Statsment
I have completed my examination. I confinn that no material matters have come to my attention in connection
with the exartLination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the charitable company as required by section 386 of the 2006
Ac¢ or
- the financial statements do not accord with those records. or
- the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the financial statements give a 'true and fair view which is not a matter considered as
part of an independent examination. or
the fInancial statements have not been prepared yn 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 Reporttng Standard applicable in the UK and Republic of
Ireland (FRS 102)-
I havc no concerns and have come across no other matters in connection with the examination to which
attention should bc drawn in this report in order to enablc a proper understanding of the financial statements to
be rcached.
Mr.RE
as Bsc FCA
R H Jeffs & Rowe Limited
Chartered Accountants
Pontypridd
Date:
(ql,,1102
Page 4

Wyclif IndependeDt Christian Educational Association Limitsd
Company Limited by Guarantee
ststemellt of Financial Activities
for the Year Ended 31 Juty 2024
Totsl
Year to
31107ll4
Totsl
Year to
31107ll3
Notes Unrestricted
Restricted
Income
Incoming resources from charitabl¢ activities:
School Fees
Voluntary income:
- Gifts, donations and other income
Investment income
512.035
512.035
462.006
54,288
329
5,260
59.548
329
41.006
176
Total Income
566,652
5,260
571.912
503.188
Expenditure
Charitable activities:
- School operating costs
543,362
5,260
548.622
525,007
Total Expenditllre
543,362
5,260
548,622
525,007
Movement in total funds for the year:
Net Incoming (Outgoing) resollrc&s
23.290
23,290
(21,819)
Total Funds brought forward
221,769
221,769
243,589
Total Funds earrAed fonY2rd
245,059
245.059
221,770
The statement of fmancial activities includes all gains and losses Teco￿lSed in the year.
All incoming resources and resources expended derive from continuing activitics.
Page 5

Wyclif Independent Christian Educatfional Association Limited
Company Limited by Guarantee
Company Registration Number 02185224
Balanee Sheet
as at 31 July 2024
2024
2023
Notes
FSxed Assets
Tangible assets
125,547
129,714
Current Assets
Debtors
Cash at bank and in hand
27,893
222.295
21,301
77.665
250,188
98,966
Creditors: Amounts Falling
Due Within One Year
(130,730)
(6,911)
Net Current Assets
119.458
92,055
Total Assets Less Current
Liabilities
245,005
221.769
Funds
Unrestrictsd Funds
Restricted Funds
245.005
221,769
245,005
221,769
Page 6

Wyclif Independent Christian Educational Association Limited
Company Limited by Guarantee
Registration Number 02185224
Balance Sheet (continued)
Directors, statements required by Sections 475(2) and (3)
for the Year ended 31 July 2024
In approving these financial statements as trustees of the company we hereby confirnl:
(a) that for the Year stated above the company w&s entitled to the exemption conferred by Section 477 of the
Companies Act 2006 .
(b) that no notice has been deposited at the registered office of the company pursuant to Section 476
requesting that an audit be conducted for the Year ended 31 July 2024 ' and
(c) that we acknowledge our responsibilities for:
(l) ensuring that the company keeps accounting records which comply with Section 386 ' and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of the financial Year and of its profit or loss for the Year then ended in accordance with the
requirements of Sections 394 and 395 and which othenvise wmply with the provisions of the
Companies Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime.
Under Companies Act 2006, s454, on a voluntary b&sis, the trustees can amend these financial statements if
they subsequently prove to be defective.
The financial statements were approved by the Board on
Director aDd Trustee
The notes on pages 9 to 14 fom an integral part of these financial statements.
Page 7

Wyclif Independent Christian Educational Association Limited
Company Limitsd by Guarantee
Cash Flow Statement
for the Year Ended 31 Juty 2024
2024
2023
Notss
Reconciliation of operating profitl(loss) to net
cash inflow from operating activities
Operating profitl(loss)
Depreciation
(Increase) in debtors
Increase in creditors
23,236
6,189
(6,592)
123,819
(21,820)
5,934
4,457
(218)
Net cash iDflow from operating activities
146,652
(11,647)
Cash flow ststement
Net cash inflow from operating activities
Capital expenditure
Increase in cash in the Year
146,652
(2,022)
(11,647)
(1,797)
144,630
(13,444)
Recollciliation of net cash flow to movement in Det funds (Note )
Increase in casb in the Year
Net funds at l August 2023
144,630
77,665
(13,444)
91,109
Net funds at 31 July 2024
222,295
77,665
Page 8

Wyclif IndepeDdent Christian Educational Association Limited
Company Limited by Guarantee
Notes to the Financial Statements for the Year Ended 31 July 2024
Accounting Policies
a) Basis of Accounting and AssessmeDt of Going CoDcern
These accounts have been prepared under the historical cost convention with items reCo￿ls¢d at cost or
transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
and the Financial Reporting Standard, applicable in the United Kingdom and Republic of Ireland (FRS
I02) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the School's ability to continue as a
going concern for the year to come.
The financial statements are presented in Sterling (£), the CoMpan￿S functional currency, and rounded
to the nearest pound.
The company has consistently applied all relevant accounting standards.
1.2. Taxation
The School, being a Tegistered charity, is not liable for Tax on its charitable activities.
IJ. Income
All income is included in the Statement of Financial Activities when the charity is entitled
to the income and the amount can be quantifjed with reasonable accuracy. The following
specific policies are applied to particular categoTies of income:
Income for charitable services is received by way of school fees due for the year.
Voluntary income is received by way of donations, gifts and unconditional grants
and are included in full in the Statement of Financial Activities when receivable.
Where relevant, donated services and assets arc included at the value to the
charity where this can bc quantified. The value of services provided by voluntcers
has not been includcd in these accouDts.
Investment income is included when receivable.
1.4. Fund Accounting
The unrestricted funds of the Charity comprise those monies which are available to be used towards the
meeting of the charitable objectives of the Charity at the discretion of the Management Committee.
The restricted fvnds aTe monies raised or received for a specific purpose and accounted for in
accordance with the donors imposed conditions.
Page 9

Wyclif Independent Christian Educational Association Limited
Company Limited by Guarantee
Not￿ to tbe Financial Statements for the Year EDded 31 July 2024
1.5. Expenditure
Expenditure is recognised on an accrual b&8is as a liability is incu￿ed. Expenditure includes any VAT
which cannot be fully recovered.
School operating costs are those costs incurred in the year for the running of the school and the
provision of ¢ducatioD throughout the year.
Governance costs includ¢ those costs associated with meeting the constitutional and statutory
requirements of the charity 8nd include the audit fees and costs linked to the strat¢Ei¢ management of
the charity.
All costs are allocated between the expenditUTe categories of the Statement of Financial Activities on a
basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated
directly, others are apportioned on an appTopriate basis.
1.6. Tangible Fixed Assets and Depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset
over its expected useful life, as follows:
Land and Buildings
Building element depreciated on a Straight Line basis over
50 years. No depreciation is provided for on freehold land.
Depreciated on a Straight Line basis over 25 years.
200/0 per annum on a reducing balance basis.
Improvements to Building
Fixtures, Fittings and Equipment
1.7. Pensions
The pension costs charged in the financial statements represent the defined contribution scheme costs
payable by the company during the Year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss
account over the employees, service lives on the basis of a constant percentsge of earnings.
1.8. Debtors
Trade d¢btors and other debtors are recognised at the settlement amount due after any trade discounts
offered. Prepayments are valued at the amount prepaid net of any discounts duc.
1.9. Creditors
Creditors are recognised where the charity has a present obligatlon resulting from a past event that will
probably result in the transfer of funds to a third paty and the amount duc to settle the obllgation can be
measured or estimated reliably. Creditors are nornially rccognised at their settlemcnt amount after
allowing for any trade discounts due.
Page 10

Wyclif Independent Christian EducatlODal Association Limited
Company Limited by Guarantee
Notes to the Financial Ststements for the Year Ended 31 July 2024
Net Income
2024
2023
Net Income is stated after charging:
Depreciation and other amounts written off tangible assets
Independent Examinels remuneration
6,189
1,500
5,934
1,380
Donations, Gifts & Other Income
2024
2023
Gifts
Gift Aid
50,491
9,057
36,671
4.335
59,548
41,006
3. Totsl Expenditure
Basis of
Allocation
School
Operating
Costs
Governance
Total
Year to
31107124
Total
Year to
31107123
Costs directly allocated to activities
Wages and salaries
Teaching materials
Books
Direct
Direct
Direct
414,103
21,203
16,649
414,103
21.203
16,649
401,412
12,441
11.485
451.955
451.955
425,338
Support costs allocated to activities
Rent and maintenance
Wages and salaries (Admin)
Pension contributions
Printing, postage & stationery
TeIephone & digital services
Accountancy
School events and other
Depreciation
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
35,892
13,805
15,409
3,823
5,382
35,892
13,805
15.409
3,823
5,382
1,500
14,667
6,189
42,559
12,175
14,076
4,110
5,488
1,380
13,947
5,934
1,500
14.667
6,189
95,167
1,500
96,667
99,669
547,122
1,500
548,622
525,007
Page 11

Wyclif Independent Christian Educational Association Limited
Company Limited by Guarantee
Notes to the Financial Ststements for the Year Ended 31 July 2024
Staff Costs
Total
Total
Year to
Year to
31107124 31107123
Staff costs during the Period comprised of the following:
Staff Salaries and Expenses
Social Security Costs
PeDsion Contributions
397,833
30.075
15,409
386,938
26.649
14,076
443,317
427,663
The average number of employees during the Period amounted to 43 (2023 .' 31), and can be analysed
as follows:
Teachers
Management & Administration
42
30
43
31
No employee was paid £60,000 or more during the Period (2023 . Nil),
The Trustees received no remuneration or benefits in connection with the perforniance of their duties.
No Trustee expenses occured during the year.
No related party transactions have occured during the year.
Page 12

Wyclif Independent Christian Educational Association Limited
CompaDy Limited by Guarantse
Notes to the Financial StstemeDts for the Year Ended 31 July 2024
Tangible Fixed Assets
LaDd and
Property
Fixtures,
Buildings Improvements Fittings and
Freebold
Equipment
Total
Cost
At l August 2023
Additions
59,680
114,690
13,934
2,022
188,304
2,022
At 31 July 2024
59,680
114,690
15.956
190,326
Depreciation
At l August 2023
Charge for the Year
8,354
597
39,295
4,588
10,941
1,004
58,590
6,189
At 31 July 2024
8,951
43,883
11,945
64,779
Net book values
At 31 July 2024
50,729
70,807
4,011
125,547
At 31 July 2023
51,326
75,395
2.993
129,714
Debtors
2024
2023
Outstanding Fees
Gift Aid due
20,738
7,155
16,966
4,335
27,893
21,301
Creditors: Amounts Falling Due
Within One Year
2024
2023
Other Taxes and Social Security Costs
Prepaid Fees
1,755
128,975
2,305
4,606
130,730
6,911
Page 13

Wyclif Independent Christian Educational Association Limited
CompaDy Limited by Guarantee
Notes to tbe Financial Ststements for the Year Ended 31 Juty 2024
Profit
and Loss
Account
Reserves
Totsl
At l August 2023
Profit for the Year
221,769
23,236
221,769
23,236
At 31 July 2024
245,005
245,005
Unrestricted l Restricted Funds
At
Incoming Outgoing Transfers
01108123 Resources Resourtts
At
31107124
Unrestricted Funds
-school Operation
Restricted Funds
-Building Modernisation
221,769 566,652 (543,362)
245,059
5,260
(5,260)
221,769
571,912 (548,622)
245.059
10.
Analysis of Net Assets Between Funds
Total
Unrestricted Restricted
Tangible Fixed Assets
Current Assets
Cuffent Liabilities
125,547
250,188
(130,730)
125,547
250,188
(130,730)
245,005
245,005
11.
Company Limited by Gwarantee
The two rnembcrs of the company. H T Bilton and Dr E R M SaundcTS, undertake to contribute to th¢
assets of the company, in the event of the cornpany being wound up. such amounts as may be required
not exceeding £1 each.
Page 14

Wyclif Independent Christian Educational Association Limited
Company Limited by Guarantee
Detsiled Trading Profit and Loss Account
2024
2023
Tllrnover
Fees receivable
Donations, gifts and other income
512,035
59.548
462,006
41,006
571,583
(397,833)
503,012
(386,938)
Wages and salaries (excluding PAYE and ND
Gross profit
173,750
116,074
PAYE and NI
Pension contributions
Rent and maintenance
Teaching materials
Books
Printing, postage & stationery
Telephone & digital services
School events and other
Depreciation on freehold property
Depreciation on property improvements
Depreciation on fixtures & equipment
Accountancy
Bank charges
30,075
15.409
35,892
21,203
16,649
3,823
5,382
14,667
597
4,588
1,004
1.500
54
26,649
14,076
42,560
12,441
11,485
4.110
5,488
13,947
597
4,590
747
1,380
(150,843)
(138,070)
Operating profitlooss)
22.907
(21,996)
Other income and expenses
Interest receivable
Bank deposit interest
329
176
329
176
Net profit/Ooss) for the Year
23,236
(21,8?0)
Page 15