REGISTERED COMPANY NUMBER: 00888476 {England and Wales)
REGISTERED CHARITY NUMBER.. 525924
REPORTOF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
FOR
WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
Clarke Nicklin LLP
Chartèréd Accountants and
Statutory Auditors
Clarke Nicklin Hou8e
Brook8 Drive
Cheadle Royal Business Park
Cheadle
ChÈshirE
SK8 3TD

WILMSLOW PREPARATORY SCHOOL TRUST
Lll4fjlTED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Pago
Rgport of the Trusteos
1 to 17
Report of thtr Independent Auditors
18 to 21
Statement of Financlal ActÉvities
22
Balance Sh&8t
23 to 24
Cash Flow Statèment
25
Notes to the Cash Flow 8tat•ment
26
Notes to the Flnancial Statements
27 10 37
Dètslled Statemgnt of Financlal AC￿vItIeS
38

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
The Governors who are also the memb&rs and dire¢tors for the purposes of the Companies Act 2006, present
their report. which includes thé Réport of thé Directors,, with the financial slalemen18 of Ihg charity for the year
ended 31 August 2Q24. The trustees, referred lo as Governors, havè adopted the provisions of Accounting and
Rèporting by Charitses.. Statement of Recommende(f P¥aclic¢ 8ppEieable to charities preparing their accounts In
accordance with the Financlal RtsportSnu Stsndard applicable in the UK and Republic of Iréland IFRS 1021
(effective 1 January 20151.
OBJECTIVES AND ACTIVITIES
Objective
In accordanee with its objects, the activity of the Trust is the educational development of pupils at the Imlmslow
Preparatory School IWPSI, providing full-limè Èdueation lo pupils aged 5 to 11. Full or part-lime education is
provided to pre-Receplion ¢hildr8n from thè age of 3.
The Sohool's overall objective Is to.. 'offer academic creative excellence in a caring, respèctful and
stimulating environmenv.
AiTn$
The School's specific aims are then Identified as the following..
To provide acadèmic Èxcellence through a broad, balanced and varled CUrr￿LI1um-
To ensure that our pupils develop lively. enquirsng and croalive minds.,
To value each boy or girl as an Individual go as to maximise his or her pol8ntial and ￿nfidents.,
To offer a saf8, kind and carlng environment.,
To encourage self-respect and respect for others.
These are then underpinned by a numbér of key business objectives a8 follow8,,
To sustsln financial viability, by maintaining pupil numbers and ¢onlinually reviewing expenditure Items
In order to control costs.,
To recruit and relain high calibre stsff, who beiween them bring broad tèaching 8xper¢ence, a variety
of ere8tsvè skills and strong management and technic81 skllls.,
To malntain our premises and buildings to a high quslity to assist the above educational alms to b8
achieved.
In settlng our specific Objectives and planning our activities for the academic year 2023124, our Govwnors
eonlinued to be mindful of the Charity Commission's general guidance on public bènéfit.
Our partl¢ular gbjectives for the year included..
To ensure delivery of a high calibre remote leaming programme which prepares ¢hlldren for today's
world.,
To conllnue lo focus on the well-being of our pupils and staff.,
To focus on recruitment into our lower yèar groups.,
To provide continulng support of our pupils already in receipt of fee 8$8islan¢e through bLErsaries',
To rdvièw joint working Opportunities with IoGal stale junlor schools.,
To further enhance and develop our Information and Communications Technology IICTI stratégy to
ensure we de5iver our le2ehing though up-tts•dale methodologies and equipment,.
To continue lo explore opportunities for working collaboratively with Kin9's School Macclesfield
through our strategic partnership arrangemsnts..
To continue to dgvelop our rol¢ Sn the lile of our local community through our charitable and community
adivf(ie$, whilst Adding to the all-round education of our puplls.
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WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
OBJECTIVES AND ACTIVITIES
Stratagyi Ethos, Access, Educatlon81 Llnks and Bursary Policy
Strategy.
The Governors are responsiblè for agreeing a strategy to achieve our obiactivès. The fwus of our strategy Is on
the continued developrnent of our pupi18, SO that each child achieves hislher polgnlial, th¥ough high levels of
academic and 6xtra-curricular achievem¢nl, and lo further widen access lo the education our Sehool provides.
Our ètho8.'
W8 aim to be a happy, caring school, whlch creates a strong sen88 of community and seeks 10 Serve the local
OFrmunily and society.
WPS is a charitable trust, which se8ks lo benefit the public through the pursuit of its stated alms. Our fees are
sel at a level lo ensure the financial viability of the School and al a lèvèl that is consistent with our aim of
providlng & fir81-class education to our pupils.
Our School welcornes pupils from all backgrounds. To admit a prospeclNe pupil we need to bè sausfied that our
School will be able to educate and develop such 8 pupil lo the best of histhèr potential and in line with the
general standard8 achieved by histhèr peers. There is no a88essmenl for entry Into our pre-school or
Reception years, inform81 assessment and interview for the Infants (forms Prèp 1 and 21, and moro formalised
Snterview and assessment for entry into the Juniors (forms Prep 3
61. These methods help us to satisfy
ourselvès and parents Ihal potential pupils can cope with the pace of learning and benèfit from the education we
provide. An individual's economic status, ethnialy, race, religion and in most cases disability do not form part of
our as8e88ment processes.
Our Sthool is comm￿ted to safeguarding and promoting the welfarè of our pupils and expects all staff and
volunteers to share Ihis commllmenl. Our most recent inspe¢lion by the Indepondent Schools, Inspectorate IISII
took place in Novgmb&r 2024. The role of the learn ol inspectors is lo assess and report on the exlenl lo which
the School meets the Independent School Standards I'the standard'} Sn the Schedule lo the Education
Ilndgpendenl School Standards) Regulations 2014. Tho visiting team rigorously and extensively analysèd all
aspects of WPS Including lesson observation8, interviews with senior leaders, goveirK>f8, teaching and
non-teaching staff and pupils. reviews of processes and procedures, and feedback from parant, pupil, and staff
quèstionnaires. We are delighted that the inspectton reptsrt Identifies that VVPS meÉts all of the standards and Is
highly pos11ive with regard lo the quality of education. pastoral provision. safeguarding, pupils. contribution to
society and leadèrship al Wlmslow Prep Schwl. With regards to pupn wglfare the inspectK)n report comments
Ihat'leadeTS diligently identify thè needs of each pupll and promote Iheirwell-belng,.
Parents are given regular information about thèir ¢hild's social and academic progress through parents,
evenings, in addition to the traditional end of temi and year reports. Wè mainlsln regular contact with parents
throughout the year through informal ¢orntact and through our weekly newsletter. All pupils have a Form Tutor
responsible for pastoral care and academlc dgvelopment. W& also have a system of'buddi6s' who are involved
in assisting leachN)g staff In enforcing our very vigorous anti-bullying pollcy. Robu8181rategies arÉ Ltsed lo
support thè oveiall welbbeing of our pupS18.
We are an equal opportunity organisation and are committed to a working ènvlronment that is free from any fomi
of discrimlnatlon on the groLJnds of colaur, race, ethnicity, rèligion, sex. sexual orienlalion or disability. W6 will
make reasonablè adjuslmenls lo meet tho need8 of 81aff or pupils who are or become disabled.
Access..
11 is important to us th81 the flrsl class education we offer is not restrictéd lo those who can aflotd our fees, and
we believe that our pupils bénefit from learning wilhln a diverse community, through Social interactiot) and
sh8r@d éxperiences, which helps devolop each individual's wider understanding.
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WILMSLOW PREPARATORY SCHOOL TRUST
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REPORT OF THE TRUSTEES
FOR THEYEAR ENDED 31 AUGUST 2024
OBJECTIVES AND ACTIVITIES
Educational links..
Our Schocil is part of a wldèr community and we are keen that our staff and pupi18 part4cipat¢ In that. We offer
our fac¢lilies for a variety of sporting development a¢livlties for children from other schools through sport fixtures
and are constantly looking lo develop this. We also offer a holiday club during School hol￿aY perlods and a
Nursery. both through an axtern81 provider, and both are open to children from the wlder tommunily. We have
organised courses wh&re we invite other schools lo participato, whid) obviously is benefiaal to them, and
specialist teachers meet with others from drfferénl schools to di￿usS best practice and share ideas. Such
meetings are open to any k>¢al school.
Bursary Policy:
The Governors view our bursary awa￿8 as import8nt in helping io ensure Ihal children from famili08 who would
otherwise not be able lo aff(wd the fees can accEss the education wè offèr. Our School is a small prep school
without the benefits of having any large endowments, and in funding our awards we have lo be mindful that we
must ensure a balance between fee-paying pareNIs. many of whom make considerable personal sacrifices lo
nd their chilcfs education, and Ihogé bènsfiting from the awards.
Our bursary awards are available lo all who meet our general entry requirements and are made Solely on the
basis of parental means or 19 relleve hardship where a pupil's education and fulura pragpècts would othen￿&se
bè al risk, for 8xample, in the case ol redundancy. The awards range from 10% 10 90°h remission of fees. We
a150 attempt to supplement bursary awards lo pay for èxtra-eurricular 8ctsvities, equipment and schwl trips, In
particular hardship cases. To emphasise thè importance, we place on conlinuily for familios, we also offer
discounts where pargnls have more than one child at the School. A dl8¢ount schèma whère staff members
choose to educate their child al our School is also in place. which we b81ieve can help to atlraet and rètain high
quality staff.
Information about fee assistance is provided Its all who apply to WPS. We also advertise the fact that we off¢r
Bursaries through the local press, and in any advert we place. as well as on our website.
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WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Achievement and performancè
Operational p&rform8nce
The tolal number of pupi15 educated during the year averaged 133.
Our fees for 2023124, before the deduction of any burs3rièg or disccyjnts wero..
Kinderg8rtèt)
Infants
Middle Juniors
Upper Junlor
£400 per session per week per term
£3,88Q per term
£4,195 per term
£4,545 per term
Acad&mlc pèrformance
As noted previously, our most rècent Imspeclion look place In NovembÈr 2024, where we were judged to have
mel all the required figorous standards. The new inspection report differs lo that under the previous inspection
framework, in that the school is no longer gradèd. Instead, the report slates whethèr the school meets the five
regulatory standards. WPS met all 5 regulatory standards. In addilion, the WPS report positFvely noted that
'pupils are articulate speakers and attentivè lèamers, and Ihal 'lea¢hers give pupils largels to work towards and
provide constructive feedback which helps pupils improve,.
This year form Pr8p 6 leavers all chose to sil entrance éxamlnations lo Ind¢pendenl Senior Schools, and again
achievèd an excellent pas8 rate. Children rècelved multiple offers, a lolal of 28 offers, induding schc>larships,
across 15 children, to Manchester oonsortium schools, which include some ofthe North West's top schools.
Pupils al the School ara formally assessed In the Summer Term Iwllh Prep 6 being 888essed in the Atjlumn in
preparation lor the Senior School exams). Pupils in the Early Years Foundation Stage (EYFS, which
incorporates the pre-school and Reaeptiofj years), comK4ele informal assessments and pupil? in Years 1
complètè formal assessment8 in English and Maths, plus Verbal and Non-verbal Reasoning in Years 3 - 6, 10
assess academic progress and ability. Currently the School use GL Edu¢alion Assessmènts. For the Key
Stage 2 pupils liè Years 3 61 the English and Maths assessments arg completed online and analysed
externally providing an in-depth analysis of each pupil's performance. The tests are standardised to a national
scale which enable staff to fvlly track each pupil's progre88. which 18 communicated regularly to each pupil's
parenllsllguardianlsl.
Muslc
uslc continues to be a strong feature of Wilmslow Prep life and in 2023124 tha School enjoyed another busy
and successful year of music.
Over 660A of the childrèn in Reception- Prep 6 have individual musl¢ lessons in ono or more areas (in8lrumontal
or vocall. This Is in addition lo ¢18ss music lessons.
Five professional fftusicians {including a nèw guitar teach¢rl come in to deliver the instrumenl818nd vocal
lessons e8¢h week as well as a music specialist to leach CLsrrioulum music. 85 lessons were delivered each
week on 12 instrumenlslvoice. To encourage children to praclise regularly at home, in 202312d we Illlrodu￿d a
practice chart, This was very positively received by children and parents. We continued ID use our set of plastic
wind inslrumÈnls so that all the children in KS1 could try out an instrument in their curriculum lessons without
having lo commll lo 1..1 les30ns.
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IMLMSLOW PREPARATORY SCHOOL TRUST
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REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Aehievèm•nt and porformance
Muslc:
nAusic Clubs included ChamE￿r Choir and School Orchestra. Each of these groups performed at the Carol
Concert and al Speech Day. Our Prep 8 Music Ambassadors also ran 8 club for Prep 3 and under. Two ftjrther
Choirs were established for the Aldertey Edge Fe8tiv81.
Through our bld lor Artsmark status, our children had many other musi¢al opwrtunfGes outside School, All KS2
Childre￿ went to listen to the Halle Orchestra, tha boys were invited lo a Halle singing event and the Sohool
Orchestra performed with the Hallo. The older children went on a trip lo see the musical 'Annig The EYFS and
Music staff enjoy￿ some Dal¢roze Training to encourage young childrèn to combin& music and movement.
Al Christmas, Kindergarten and ReeÈption parformed the 'Christmas Tree Nativity and Prep l and 2 performed
'Belhlehem Ballroom., We retumèd to the Church for the splendid Carol Concert. Community Carol singing also
look place al a shellgred housing unit, and through the town cènlrè on the last day of term. The Chamber Cholr
were Invitèd once again lo take part in the Christmas Evgnl al Tatton Hall.
Each year we have 2n inlemal House Music Compelillon and Ihls year we had 83 performances from 67
children, with an ex-pupil as Adjudi¢alor.
Our Prep 3 and 4 pupils pr•pAred thelr show called "Mystery at Mggpi8 Manort, which showcased the
conslder2ble lalants of these pupils.
For Alderley Edgg Festival this year, we entered 3 cholrs, w6nnlng a first Pla￿ and a second place. TherÈ wèré
ex¢éll8nt indiwdLJal perfomiances with 47 entries from 32 indiwdual children. Many of our pupils gained places in
th6 top three. In total, 58 thildren were involved in the Music sections. Three puplls wèr6 ehos6n lo perf￿M al
the final celebration rA)fCèrt on the Saturday evening.
28 Pupsl$ look Music Trinity Exams Ihl¥ year.. 15 achièved 3 distinction. 12 a merit and l a pass. Four pupils
were very dose lo achleving full marks. Two further pupils rea¢hed Gradè 4, and six pupils reathed grade 3.
Prep 5 and 6 performed their show in July - "Bugsy Malone This was a much more challènging show than we
had ever done betore, and the chlldren 8g8in demonstrated their talen18 and abilities.
Spéèeh Day was yel again a memorable oocas1on and there were many superb perform8nces from our fabulous
musiaans. Staff and children sang th8 linal song together.
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V41LMSLOW PREPARATORY SCHOOL TRUST
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REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Achièv8mont and p8rformance
Speèch & Drama:
Speech and Drama is taught as part of the timetable to all children from Receptitsn upwards and continuès to go
from strength Its strength. KG are invalved in a number of our whole school events and sp&ci81 dayslassemblies.
Our Learning Ambassadors1Sn Prep 61 speak at a range of special occasions to introduce these ev$nts, whlch
gives them a wonderfvl experlence of public speaklng lo a large audiènce.
In 2023124 we inlroducad a mental health ambassador whose role will include a range of re8ponsibililies
ncluding overseelng community event8 Imlh the Spéèch and Drama ￿ordinatOr and h6lping lead assemblies.
During the year, all the Children had the opportunity to lake part In a production allher al Christmas, Easter or al
the end of the Summer Term, as well as during particular assemblle5. We also again entered festivals such 88
the Alderley Ed99 Festival, as well as the English Speaking Board {ESBI examinations. A very high proportion of
our chlldren entered tha Alderley Edge Festival and 10 children received qst to 3rd placings. Children in Prep 3-8
entered the ESB 8xaminalions with an exceptional ntjmber achieving distinction and all a¢h￿VIng a meriL maril
plu8 or distinction, which was a truly 6xcellenl outcome.
The children continued to b8nèlil from participatlon in events such 28 the Carol Service and Speech D8y. which
are ahNfays real highlights of thè School calendar. Wè continue tD expand our events for Artsmark including
Artsmark weeksldayslevenlg including welcoming into School ￿SItOrS such as a children's poet, and tsking the
children out of School, for example, lo the theatrè. We are already lookitr)g forward to the next theatre trips Ilhè
muwcal "Vlficked. and a pantomime trlpl.
The children have entered competitions such as Poetry Together and this year wa extended this event even
fvrther to includè our Community linked group of people, Inviting them into School to shale the poetry, combat
lonoliness and share aftemoon lea and cak8.
Prep 4 had a nurnber of children entér a poetry comp81ition and they are now pubjished poets
experience for the childrèn to receive a copy of the book in which their poems 8re printed.
a super
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WILMSLOW PREPARATORY SCHOOL TRUST
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REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Achigvemont and pÈrfom)ance
Sport:
Our philosophy is lo encourage physical exeiclse, with the added stimulation of healthy competition. Our puplls
lake part in alhlelies cross-country as well as a wide range of ball and racket Swrts, Including hockey.
nelball, football and badminton. Teams are fielded for pupils in Prep 3 upward$ and our results reflect th8 hard
work and enthusiasm of the ¢hlldren. Wè Also offèr thè pupils the option lo join in aclwilies such as netball, judo,
fencing. yoga. gymnastics, football, pickle ball, kwik cricket and dance through exlra-currieular clLJhs. Sporting
fixturas continued this year and our pupils were able lo enter nallonal compet￿OnS such Ss the Independent
Schools Association {ISAI Alhlelics, and the ISA Cr088 Counlry events. Thi5 year we had a Prep 5 pupil
selected lo represent the North aréa in the 600m event held at The Alexandra Stadium in Blrmlngham. We
continue lo g81 exce119nl re5u115 lor a small prep school, as we compete aga*llsl schools significantly different in
Art:
A8 Wth all the art5, thls discipline is held in high regard al WPS. As a school, we are exlr&mely proud of the high
standard of work that is achieved by all our chlldren under thè guidance of our specialist art teach618. We
belleve in giving the children plonly of opportunities to express themselves through 8 Variéty of creative
mèdiums, providing them with the chance lo try new artistic lechnlques on a regular basis. The children are
encouraged to be proud of their work whkh is displayèd prominently around the School building and is often the
source of comments and pralse from visitors. The ohildren continue to enjoy leaming about artists from all over
the world, induding more contemporary and less well known artists. Thèy hava opportunities to explore and
èxperiment with a broad range of materials and techniqu08, many ol whlch would not be seen in other primary
settings, such as félt making and lino printing.
Thls year. the School was represented again In the annual ISA Art competitK)n, where we were delighted lo
secure first places al tho North Regional Competition. These entries had the honour of b8ing fOrn￿arded to
the mall￿al Competition.
We have also been working towards our 3pplication for the 'Artsmark Award,. This year one of our inltiatives
working towards Artsmark wa5 for the children to take part in a Fashlon Show. Each class made a large
three-dimensional model of a famous building to represent thelr tthosèn capital city, which was part of their
pèrformance. Some olasses also made their c08tume3 alld combined drama with Art in their performancas,
which was a great success, demonslraling thé high standard of Art achieved throughout Wilmslow Prep School.
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WILMSLOW PREPARATORY SCHOOL TRUST
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REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Achlèvèmentand p&rforman¢e
Community Involvement:
Imslow Prep2r8tory School pupils are actively encouraged lo engage in charllablo work and fvnd raising
barety 8 week goes by wlthoul some fomi of activity taking place. Pupils are involvèd In ralsing money for
FraneAS House la kJcal children's hospice), for Barnardo's {Ihrough the box sehemel, cancer charilles and the
NSPCC. They also r¢gulaTly take part in Red Nose Day and Children in Need. Activllles range from cake sales
and raffles to non-unilorm days. In 2023124 80me £3,000 was raisèd by pupils for good cau3e5. In addition.
pupils lakg part in many k)cal initiatives such as th& Jeans for Genes, the Rola-Toy Appeal and support¢ng East
Cheshire Hosplcé.
The pupils a180 lake part in activities such as Garol 8inging al Christmas time in elderly residontlal homes. to
Lifeshare, or out the community. Harvest gifts are collectèd and distributed to local elderly residents andlor
homes and the pupils also lake part in the Rotary Club Rota-Toy Appeal, packing a sho8box with gifts and
toiletriès to be sent to lamilles locally. Similarly, disaster boxes are made up, a3 appropriate, by puplls, which the
Rotary Club Store and then usè for local families, in th8 event of a dlsaster. also coThect Ba¥nardo'8 Boxe8
for Barnardo's and support other charities for our annual programmè such as Diabetes UK. The School made no
polltical donations.
Wilmslow Prep pupils and Staff are well knowts within ihe community and the School IÈ reNowned for being
willing lo help local businesses and individuals whero possible. We se8 this maller as an exlrornely important
part of the pupils, education, as they interact with those outside the School commLEnity and gain a wider
understanding of the environment. We have two defibrillators, one on an outside wall, for the benefr'l of thè
community, the other in our sports hall which Is well Ljsed by external I[￿al groups. All staff havé received
training in thé u88 of these defibrlllalor8, and this training is updalod as necessary.
Our prèmlses are also u8¢d by the wider communty. During the School holidays. 'Holiday Zone.. use our maln
School hall and fac¢lilies, to wn a hollday club which is opÈn tr* all local primary school-age children. Our Sports
hall is a popular community facility well used by a number of local cjubs. It is now used throughout the year by
o loeal Badminton clubs, Wlmslow Football Associalian, a IoGal Thai Cl)1 group and a Karate Club. In addition,
the local Alplne Swiely use our School hall on a regular basis for their meetings.
A Day Nursery (run by 8n external provider through a lease agr8emenll operates on our sit6 whitth provides us
with a gor)d Ilnk lo families with younger children and, through them, with tho wider community in general.
Envlronmental InlliatlVg5'.
We take the education of our young puplls about the widor world very sertously and try to set a good example as
an organlsatitsn to help influence the expe¢lalions and behavioLJr of our pupils in their later life, providing publi¢
benefit. To this end we have introduced a number of environmental inilialives such 85 recycling of paper,
cardboard and compost, and roducing use of pjastic and ol energy (eg el¢¢lri¢Sly).
Th8 School Coundl M&81 on a weekly basis to discuss new initiatives ￿th in and out of the cla88room on how
we can kiecome more aw8r8 of the environment and what we can do to support this. Th& programme is
reinforced through our PHSEE lessons as well as through School and Form assemblles.
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WILMSLOW PREPARATORY SCHOOL TRUST
LIMrrED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Achi&vam8nt and parformanco
Buildings..
In addition lo curdculum development, the mainl8nan¢e and dovelopm¢nt of the fabrto and facilities of our
School are key to our stratègy. Ovèr recènt years, we hav& undertaken two key developments, extending and
enhancing our entrance hall, and we also developed a mulli-surface Astro pitch alongside our Sports Hall. Puplls
and staff enjoy the use ol the Astro pitch for lessons as well as foi break Ilmes, and over the past eouple of
yegr8 we have further developed our outside area around the Sports hall to provide a Forest School. This is
partieularly wéll-used by our Earfy Years Department and by our onsite Nursery. We have also reorganised our
space to provide a larger music room which is used for curriculum muslc lassons as well as 1-f lessons and
music pract￿eS eg cholr and orGheslr8.
We h8ve also enhanced the provision of our ICT facilities throughout the School, in line with our slraleglc
development plan and enhan¢emenl Programme. We havè siunifie2ntly improvèd our Vlfi-Fi access and Inslalled
new interactive Tvs, IPADS, and Chromè books. We have extended the use of technology in lessons and
continue to review teathing practices with regards lo effective use of ICT.
In additlan, we havè a prograNmÉ of plannèd maintenanc& throughout the School - Internal and external
redecoration was carried alsck out over the last summer break. As noted above, we continue lo review our
computer facilities and resources on an ongoing basis in order to keep up to date lor our pupils and staff, wth
this beinu a key focus over 2022-2025.
R8viow of bursary and discounts awards:
In 2023124 the value of means lesled bursarias totallad over £270,000 representing almost 19¥0 of lolal fee
incorne, and providing some assistance lo over 40 pupils. We usually help fund the costs of extras such as Irlps
for scAne of our pupils in receipt of Bursaries.
ThÈ Govèrnors continuauy ravièw our Bursary awards lo ensure that we try to help children. through the
availability of means tested financial assistance, who would not othèrL4fiSè be ablè to attènd Wilmslow Prep
School. Previously lake-up of Bursaries slabilised al around the 20QA level of tot21 fee income but during Comd
we did provide additional short term help lo a very small number of families. In the Aulumn term 2024. they
represented approximately 13°k of fee income supporting 27 pupils {some 21% 01 pupll numbers). We are keen
to ensLFre the objective ol wider awess Is achieved, and our aim lo maintain 8 mlnimum of 120h of lolal fee
income on Bursar￿8, has 2lrè2dy bèèn mèt and 8Xeé8ded.
The Governors view our bursaries as important in widening access lo the firsl-class education we providè,, Ès a
charity this Is Important lo thè Board. Over thÈ last couple of years, we have made significant steps lo increased
markèting of the availability of bursaries, though specific press rejeases and our website. The succe88 of this
can be seen by the additional pupils we now have attendlng INPS through financial assistance. W8 are also
continuing lo investigate the possibilty of Involving local slate schools in some of our teaching acliwties,
esp&ci81ty through our mus1c, sp(*( and lan9uag¢ teaching.
Future Plans:
The Govemors intend tts conllnuè their strategies of maintaining the School's po811ion in an increaslngly
competitive market and with a potential recession ahead, by Invèst[r￿ to prov￿8 high quality 8ducation for our
pupils. Achieving a high 8tandard of academic iesulls is a co￿51ant aim whilsl maintaining the breadth and depth
of thé èducation providèd.
Page 9

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Achievement and porfomiance
The Headleacher and sénlor staff review the cuirl¢ulum on ar¢ ongoing basis to ensure that both academlc and
extra-ourrieular provision is appropriate for our pupils, developm8nL For example, in 2022123 wè introduced a
new phonics s¢hgm8 across the School to really enhance pupils, dev&lopmenl in this important arèa even
further. In 2023124, our Reading and Comprehen$lon wa8 a real locus and wè made adjustments to our
timetable for the provision of dediealed reading slots. lo ensur¢ our already exc￿lent academic offering in
English as 8 whole subjed, was extended further.
Trad￿lonalIY. any future plans have been financed prim8rlty from fee income and from our reserves and the
Board has chosen not lo borrow to fund projeels. However. given the unpTecedenled times faced by all In the
2020121 and 2021122 aeademic years. and with Ihg additional challenges thosè provided. the Board explored the
Goverllmenl backed loan schemes lie Hounce Back IBBLI and COVID Business Interruption Loans ICBILII, and
made the strategic decision lo take out th8 sm311er BBL in October 2020. Repayments for this started In
November 2021, and have been maintained monthly since then, leaving a balance at the end of the 2023124
year of less than £20,000. No further borrowing has been undertaken. The Governors will seek to continue to
invest in the School lo allow our etjrrenl pupils to benefft whilst at thè same lime ensuring a sound infTaslructure
and financial basè sre preseNed for the next genefati¢K) of pupils just as our current pupils benefit now from
resèrvÈs and investments made In the past.
All developmanls, recent and historic, havè b88n financed by reserves, Supported latterly by our small 88
Our m8dium - long term plans include continued redevelopm8nl of our ICT facilities and provi8ion. refurbishment
of our Science facili11È8 and replacing the bulldlngs behind our School hall with a higher specification, two-storèy
construction.
Financlal reviéw
Flnancial positlon
The financial slalements show nel Incomlng resources for tha yèar of £158.180 {2023 nel Incomlng £131.0191.
Pupil growth and relentlon rèmains a key challenge for the majority of small prep schools, but one lo which WPS
eonlinues lo respond well. The Governors and Senior Leadership téam ISLT) have a re81 focus on growth and
have intmducèd some key initiatives sueh as the Prep Pathway- our unique and clear viS￿n of a child's1èarning
journey at IIVPS. Our Headleacher and 8ursar Ithe iwo forming the Senlor Leadership Team) have worked
together lo grow our pupil base. Over thè past three years. gn)wth In pupil numbers has bean evldenl with the
efforts mado resulting in a growing number of referrals through personal recommendations, as well as enquirtes
from new families. As a consequence, our pupil numbers have g¥own and in 2023124 averaged 133 compared to
101 3 yèars previously in 2020121. Our excellent reputation will allow us lo continue lo build ON our successes,
although we are fully aware of th& potonti31 Impact of the imposition of VAT on our fees wll have en wr parental
body. Govemors and the SLT have been reviewing possible options over the past year and have consulted
parents lo gain their conslrucbvè input. Undoubtedly. the new VAT regime will impact th8 indèpendent Sector.
From Septembèr 2020, the School withdrew from the GJv8mmenl Teachers, Pen8ion Scheme ITPS). InstÈad
teachers are able lo join a sound defined contribution scheme, appToved by the independant Schools, Bursars,
Associati(￿1, which allows teachers flexibility on contribution level8 according lo their own personal
Circumstan￿$. This move ha8 also had the benefit of making savings for WPS, 88 émployer ￿ntribUtIOnS lo the
TPS were becomlrkg unsustain8blè for a small prep school and subsequently placing a burden on fee18vels.
Page10

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Financial review
Principal funding source8
Tho prinelpal funding source durlng the year was fee income and the key objectives of the charity wère
supported by expenditure on leaching. welfare and running costs of the Sthool.
As 8 ehArity, tha p8rènts of our pupils have th@ assurance Ihsl all the inoome of the School Is applied for
educational purposes. As an educational charty we enjoy lax exemption on our educational activities and on otjr
inveslment income, and these are all fed back into the School's charllable alms. A8 a oharily we are also entill8d
to an 80Yo reduction on our business rates on our educational property. These financial benefits are all applied
to èdLJcational purposes 2nd th8refore indirectly help us lo maintain and develop our policy of widenirrfJ access.
SLtch benefits are important to help ensure the financial vkibilily of the School.
However, a8 3 Charity we have lo-date been unable to reclaim Ihe VAT we pay on our costs as we are exèmpt
for VAT purposes. This is likely to change from January 2025. with VAT being imp08ed on school fees. W¢ alsQ
pay tax as an employer through the national insuranoe contributions we make.
Investment pollcy
The Company has absolute powers of investment of its corporate reserves. The Finance sub-committee review
investmènt risks and thè policy is to invèst in low risk Govemment Bonds and Unit Trusts. An account with a
sllghtly higher return is used for day to day surplus funds.
Investmen18 yielded income of £6.803 {2023.. £2,580).
P8ga 11

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRATEGIC REPORT
Financial r&vlèw
ReseNes and Flnan¢ial Health
The Governors review financial wrformance al each of their meetings, ther& is a nominated Finance Governor
who lialses closely with the 8ursar al other limes, and also a Fin8nce subcommittee who are key in making
recommendations to thÈ full Board.
In commtsn with other independent sthools, the Govemors have invested subslanlial sums Into the School
Infrastructure (the most significant recently, belng enhancement of our music f2dlilies, extension tsf tsur onsite
Nursery. entrance hall, and éxtended dev&lopmenl of our Sports and playlng facilities). We also have a
continued prograrnme of refurbishmelll, development and investment lo maintain the School's excellent teaching
faoilities. The excellent Maintenance and condition of our buildings were noted by the Inspection Tèam al our
last full qualitative ISI School In8P#Ction (Summer 20171.
Reservas Polley
Traditionally, il has been the policy ol the School's Governing Body lo fund all capitsl projects from res8rvès and
not tc> borrow any capital sum8. As noted previously. because of the COVID situation, thè Governors accessed
the Government Bounce Back Loan, which wè are now repaying in Ilne wllh agreed terms.
Pal¢nl(al projects are identified in the School's Development Plan and in the past have induded..
redevelopment and refurbishment of our Music lacililles.,
new Nursery block..
fvrther extension lo the indoor and outdoor facllllles for our onsite NLÈrsery'
a new entrance hall and ICT suIIe'.
redèvalopment of our entrance hall.,
a new multi surfa¢e sports pitch outside our Sports Hall..
- further playground improvèments.
In addition to continuing to invest in new facllities, the Governors h8v8 invèsted in updates to our curr8nl sile, for
example, with develtspmenl and enfvan￿ment of our Forest School area behlnd the Sports Hall, as well as olhèr
plann8d mainlenanGe work, and significant investment in W-FI access. Such works, whilst not ￿e￿$sarIlY
providing a visibte uplift, are essenti81 to k8ep our buildings and our education provisK>n s8fe, secure and
modern.
Note 20 to thè financial statements shows the assets and liabili11È8 allributable to the vaflous funds by type.
Unrestricted funds amounlcd lo £1,476,254 but only £289,705 of this is freely available because the balance Is
inveslod in fr'xed assets or is désignated for other purposes. It 18 the role of the Finan￿ Subcommittee to revlew
the lovel3 of reserves against current needs for the effective lin8ndal management of the School's acliwlies at
their present18vÈl.
D&v&lopmènts
Our current focus 18 on ICT and on ScienGe f8cilibès, as noted previously and now hardware sijch as Interactive
8creen8 or Tvs. is now in placè in all of the classrooms.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is ¢onlrolled by ils governing documÈnl, memorandum and article8 of association, and eonslilutes a
limlted company, limlled by guarantee, as defined by the Companies Act 2006.
Page 12

WILMSLOW PREPARATORY 8CHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organlsatlonal structure
Organisational management
The Governors detormine the general pollcy of the School and they meet as a Board approximately six limes 8
yèar to rèvièw its ovèrall management and control, for whith they are legaSly responsible. The day lo day running
of the School is delegated to the Headleacher and the Burs8r. Tha Governors approve the School's policies and
118 Developmènt Plan. Any key projèets or major changes to procedures are referred lo GoveTn(ws fw full
debate. The Chairman of Governors has regular communication with both the He8dl2ach&i thè Bursar, a
other Governors are regular visitors to School {e.g. the Health and Safety, Marketing, Staff and
Educalionlsafeguardlng Governor81.
The Headteacher oversees the recruitment ol all educational staff, gèrtÈrally supportéd by Ihts Education
Governor. The Bursar oversees the rectuitmgnl of adminlslr8tiwe and non-teaohing support staff. usually
together with the H¢adleach¢r. The HEadleacher and 8ursar were invited lo attend Governors, Meètings in
2023124. and othèr staff are invited, as required, by the Governors. lo share knowledge about their specific
teaching area as well as about pastoral care, induding well-being and safeguarding.
Paga 13

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRUCTURE, GOVERNANCE AND mANAGE￿ENT
Govèrnor R9¢ruitment and Trainlng
11 is recognlsed that between them, the Governors need to t* able lo speak with knowledge and &xperiencé on a
wlde range of matters th21 will be brought to their attention. Accordingly, when a vacancy 18 lo be filled. the
Govarnors always take into account what fièld of experien￿ or training is not represented. or is
under-repr8g@ntèd, on the Board. The following skills are consldered essential to thé Governing Body.,
Education (including Spècial Needs)
SafeguaTdSnu
FinancelBusinèss
-Law
PropeTty
Medical
PRlmarkeling.
However, the rlghl persons with sound judgement. in sympslhy wth the longer-tÈrn) alms of the School, and the
desire lo serve the School, whilst being able to olvo the necessary timè and support freely and willingly, are also
essential. In a small local School such as WPS. it Is a180 considered beneficial that Governors liva rèasonably
close lo the School, so that they have an understanding of tha local community. Henco, the Governors considér
il wise lo appoint thè right petson with the necessary skills. even if thls means having a vacancy in the short lemi
Iprofèsslonal experbse may then have lo be boLtght in lemporarilyl.
11 is recognised that it can lake time for a new Governor to become familiar Mrilh the Sthool, the way in which it
operates and the issues which face Governors and management. New Govemors meet with at léast the
Chaiiman before they are officially appointed to discuss the role and ils requirements. They will also be invited
into School to meet with the Headteacher and Bursar.
New GovornoTs are issued with a Governors, Handbook, and a comprehenswe pack of relevsnt papers.
induding copies of documents such as The Trust'8 Memorandum and Articles. the most r8Cèt)l Annual Report
and Accounts of the Governing Body, the lalesl term's accounts. previou5 minute8, the School's Dèvelopment
Plan and the most re￿nI inspection report.
New Govemors are askod to familiarise themselves with recent developments in the education s8Ctor. To assist
them, relèvant developments are noted al eaoh Govejrnors, Meeting by the SLT, Govemors are also enixkuiaged
lo attend seminars rLJn by AGBIS or IAPS. where they can exchange vlew8 With other sd)ools. All Governors are
also invited lo attend, where po88ible. staff training d#y8 that lake place tho d8y before each term start8.
11 is expected that Governors should keep themselves upto-date wllh what is happeniru in School, as well as
more widely in education, Parti￿1a￿lY in th6 ind8pendent sector. Detai18 of meetings le.g. IAPS. AGBISI are
circulatèd to Governors and wherever possibEe a Govemor is encouraged lo attend a relevant organi8ed
session. Helshe wlll thon report back to tha whole Governing BOKIY 80 that the information 1$ disseminated to all.
Other rglatlonships
The School is È member of IAPS Ilhe Independent Association of Prep Schools) of ISA Ilhe Independent
Schools, Association) of ISBA (the Independent Schools, Bursars, A5sorAalionl, and of AGBIS (Association of
Governlng Bodies of Independ¢nl Schools). These association8 provide a wèslth of expertise, knowlfjdge and
experience across the independent schools sector.
Paga 14

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
Th8 Governors are responsible for the overseeing of the risks faced by the School. Detailed assessments of risk
are delegated lo the Senior Management Team and a system of risk managemelll and assessment is in place.
The Governors assess the major risks that thè School faces aach financi81 year when pr8paring and updating
the School's Development Plan. The Charity has developed systems to monitor and control these risks to
Mitigat8 th8 imp8el they may havè on thè School in th8 futu￿. 11 1$ recognised that any such systems can only
provide reasonable but not absolute assuranco that major risk5 havo beon adequaloly managed.
Key risk¥ at nalionallpolillcal level whlch would have a major negative Impact include..
The new government's announcement that Value Added Tax (currently 200kn on mts51 servlcesl wlll be added to
fees from January 2025 and the removal of Business Rale8 Relief from April 2025. These actions will seriously
damage the sustainability of many small prep school8. Fortunately, WPS has a financially strong, 8ecure
position.
Low birth rates which are impacting Reception class sizes generally.
The national short-mid-term economic situation, which is still a concern for many families.
REFERENCE AND ADPIINISTRATIVE DETAILS
RèglÈtèrÈd Company number
0888176 (England and Walesl
Registered Charity number
525924
Rggistgred offico
7 Grove Avenue
Inh'lmslow
Cheshire
SK9 SEG
Page15

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
MrA Gosnay
Mrs L. Anson
Mr J. Hughes
Mr D.G. Vanstone
Mr J. Sharp
Mr8 0. Stephenson
Mrs W. Vwnn
Mrs B. Wlliams
H. D'urso
Mr N. Laird
In accordance with Article 42 of thè Articles of Association, Mrs Wendy Wynn, Mr D.G Vanslone, Mr J Hughès
and Mr N Laird, the Governors retiring by rotation, will retire al the Annual Gènèral Meeting. and being eligible,
offer themselv88 for re-election.
Oth8r Officers
Headleacher
Thlr B. Lavagna-slater HDipEd, 8A IHonsl NPQH
Bursar
Miss S. J. H. Davies BSC IHonsl, IPFA (Hon81
Clerk lo the Gov¢rnors
Miss S. J. H. Davies Bsc IHonsl. IPFA (Hons)
School Secratary
Miss L. K. Kendal BA IHonsl, PGCE
Comp8ny Secretary
rA. GoEnay
Auditors
Clarké Nicklin LLP
Chartered Aeeounlan18 and
statutory Auditors
Clarko Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD
Sollcltors
Pannone Corporate LLP
378- 380 Deansgate
M4llche8lor M3 4LY
Page 16

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Governors who are also the charlty trustèès and tho company directors. are fesponsible for the overall
management and control of Wilmslow Preparatory Sch￿7 Trust Limited and meet generally six limes a year.
The School Burlar Is responsible for c&ordinating the work ol thé Govèrnors and any sub.committees,
prèparation of papers, management accounts and the reviow ol rllatlers arising.
All Govemors give their time freely and no remuneration or expenses ware pald In the year lo the Governors
p¢rsonally. No Governor. or person connected wllh a Governor, racèived any benefit from mean8 le81ed
Bursaries awarded to our pupils.
The Governtsrs are responsible for preparing the Annual Report and the fillar￿la1 statements in accordance w¢th
applicable law and United Kingdom Aowunling Standards Iunited Kingdom Generally Accepted A￿OUntIng
Praclicel.
Company law requires the Governors lo prepare financial stslemenls for each financial year which give a truè
and lair view of the slate of affairs of the charitablè company and of ils incoming resourGes and applicallon of
re8ource8, indudlN9 Income and expènditure, of the charitable company for that period. In preparing these
finanoial slalements, the governors are required lo..
select suitable accounting policies and apply them consistently.,
observe the methods and principles in the Chaiilies SORP;
make judgements and estimates that are regsonable and prudant.,
prepare the financial slat8fflents on th¢ golng concern basis unless it is inappropriate to prÈgumÉ that the
charity will continue in operation.
The Governors are re8pon81kAe for kÉ8ping proper aocounling records that disclos8 wlh rea80nable a¢curacy at
any lime the financial position of the charilable company and lo ènablè th8m to ensure the finano*al slalement8
comply with the Companies Act 2006. They are al80 responsible for safeguarding the assets of the charity and
hence for taklryg reasanablè steps for th8 prevention and deteotion of fraud and other Irregularllles.
In so far as the Govemors are aware..
- There 18 no relevant audit informatSon of which the charitable company's audltors ar8 unawarè and,.
Thè Govèrnors havè taken all steps that they ought lo have taken to make thèmsèlvés awar6 of 8ny relevant
audit informati(>n and to establish that the auditors are aware of th81 inft)rmation,
AUDITORS
The auditors. Clarke Nicklin LLP. will be proposed for rè-appointmènt at the forthcoming Annual General
Mèeting.
Report of the Iruslees, incorporatin
company direclors, on ........... . .....
a stralegikreport, approved by ordor of the board of trustees. as the
..?u L) . and signed on the board's behalf by..
Mr A Gosnay- Trustee
Page 17

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
Opinion
We have audited the financial Statements of Wfilmslow Preparatory School Tru81 Limited (the 'charitablè
companVI for the year ended 31 August 2024 which comprise the Slaloment ol Financial Activitiès, the Balan¢8
Sheet. the Cash Flow Slalemenl and notes lo the financial statements, indudlng a summary of slgnificant
accounting policies. ThÈ financial Yeporting framework that ha5 been applied In their preparation is applicable
law and UnilÈd Kingdom Accounllng Standards (United Kingdom Gènerally Ac£epted Aeeounling Practice).
In our opinion the finan¢i81 $18tements'.
give a true and fair view of th6 stal8 of the charilable company's affairs as at 31 August 2024 and of ils
Incoming rèsources and application of resources, including its ineome and expenditure, for the year then
ended-
have been properly prepared in attordance with Uniled Kingdom Generally Acceptéd Accounting Practs'ce-
have been prepared In accordance with the requirements of the Compani85 Aet 2006.
Basis for oplnion
We conducted our audit in accordance with Intarnalianal Standards on Audlting IUKI IISAS IUKII and applk8ble
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial slalements section of our report. We are Indapendént of the charitable company in accordance
with the ethical requirèments that are relpvanl to our audit of the financial slalemenls in the UK. including the
FRC'S Elhital Standard. and we have fulfilled our othèr èthlcal responsibilities ir4 accordance with these
requirements. We believe that the audit evidence we have obtained 18 sufficient and appropriate lo provide a
kjasis for our opinion.
Conclusions relating to golng concern
In auditing the fin2neial statements. we have concludèd that the trustees, us¢ of the going concern basis of
8ceaunling in the preparation of the financlal slalements is appropriate.
Based on the worf< we have perfomied. we hav¢ not identified any materi81 uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charllable oompany's ability to
continuè as a going concern for a period of al leasl ￿e1ve months from when the financial statements are
aulhorised for issue.
Our re8POT181bililie6 and the responsibllllles of the trustees with rospect lo going Goncem are de8ciibed in the
relevant sections of Ihls report.
Othttr information
The trustees are responsible for the othar information. The other inforrnatton comprises the informallon included
in the Annual Report, othèr than the financial statements and our Report of the Indèpendent Auditors thereon.
Our opinlon on the financial statemonls does not cove¥ the other Information and. except to the èxtènt otherwise
explicilly staled in our report, we do not express any fomi of assurance concluslon theieon.
In connedion w4th our audil ol the financlal statements, our responsibility is to read the other information and, in
doing so, consider whether the other infomiation is m8terially inconsistent with the financial statementg or our
knowledge obtained in tho audit or otherwise appears to be materially misstated. If wè identify such material
inconsislencles or apparent maler*al misstatements, we are required lo d01eTmine whether this givés rise lo a
material misstatement in the linancyal statements Ihem8elve8. If. based on thè work we have performed, we
onclude that there is a material mlsstalement of this other information, we are required lo report that fact. We
have nothing to report In this regard.
Page18

REPORTOF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WILMSLOWV PREPARATORY SCHOOL TRUST
LIMITED
Oplnlons on oth•r matteY$ prescrlbed by the Compan1•$ Act 2006
In our opinion, basèd on the work undèrtakèn in tha course ol the audit..
the informats'on given in the Report of the Trustees for the financial year for which the finan￿81 statements are
prepa¥ed Is con818lenl with the finan(yal $talemenls', and
the Report of tho Trustees has boen prepared in accordance with applicable legal requirements.
Matters on which wo are required to report by exception
In the light of the knowledge and understanding tsf the charitable company and its environment obtained in the
course of the audit. we have not identified malerial misslalemenls in the Report of the Trustees.
WÈ havè nothing to rèpc>rt in res￿et of thè following matt6rs wh&re the Companies Act 2006 reqLFires us to
report lo you if. in our opinion..
adequate accounting records have not been kept or returns adequate for our audit have not bèan rec•ived
from branche8 riot visited by u8.. or
thè financial statements are not in agreement with the accounting records and returns.. or
certain disolosures of Iruslees, remuneration specified by law are not made., or
we have llol received all the Infomialion and explanations we r8qulr8 for audit.
Résponsibilities of truste&s
As explained more fully in the Statement of Tru8lees' Responsibilitie8, the Irusle08 (who are also tho directors of
th8 charitablè company for thé purpos88 of company 18wI ar& responsible for the preparation of the financial
statements and for being satisfied that they give a twe and fair view, and for such internal control as the Irusleas
determine is necessary lo enable the preparation of financial slaternents that are free from materi81
misstatement, whether due IL) fraud or error.
In preparing the financial statements. the trustees are responslble for a88es8lng the ¢haiilabl$ company's ability
lo continue as a going ￿ntErn, disclosing, 88 appllcable, matters related to going concern and using the going
concem basis of accounting ullle5S the Iru5tees eilher intend to liquidate the charitable company or to cease
operations, or have no realistic alternative bul to do so.
Page 19

REPORT OF THE INDEPENDENT AUDITORS TO THE MEIABERS OF
WILMSLOW PREPARATORYSCHOOL TRUST
LIMITED
Our responslbllltles for the audlt of the financial statements
Our objectsves are to oblaln reasonable assurance about whether the financtal slalement8 a8 a whole are free
from material misstatement, whelhgr due lo fraud or @rror, and lo issue a Report of the Independent Auditors
that includes our oplnlon. Reasonable 38sur8nce is a high level of assurance, but is not a gua¥antee that an
audit conducted in accordance with ISAS IUKI will always delecl a material misst8tÈmenl when il exists.
MSs8lalemenls can arise from fraud or error and are considered material if, individually or In the aggregate, they
could reasonably be expected to InfflUen￿ the economic dectsions of ¢Jsér8 taken on the basis of these financial
8lalements.
Our objectivos are lo obla1n reasonabla 8ssuran¢e about whether the finan¢lal statements as a whole are frea
from material misstatement, whether due to fraud or error. and lo issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance Is a high lévél of assurance. but is not a guarantee that an
audit condu¢led in accordance with ISA$ IUKI will ahMays deleet a material misslalement whèn it axists.
Misstatements can arise from fraud or error and considered material if, individually or in the aggregate, they
could reasonably be expectèd lo inftuence the economlc dec18ions of users taken on thé basis of these financial
slatom&nls.
Ir¢egularities. including fraud, are instances of n(trn-compliance wth laws and regulations. We design
prowlures in line with our ¥8sponsihililies. outlined above. lo delect material misstatements in resp8¢1 of
irregularities, in¢lLiding fraud. The extent to which our procedures ar6 capable ol detecting irregularities,
including fraud is detailèd béltsw.
Procedure5 10 identify risks-.
enquirlng of management ¢onGeming the entity's procedure8 relating lo..
identifying, evaluating and complying with laws and regulations and whether they were aware of any IN8lances
of noncompliance,. detecting and responding to the risks of fraud and whether they have knowledge of any
actual, suspected or alleged fraud.,
discussing among the engagomelll team regarding how and where fraud might occur in tha financial
statemen15 and any polentsal indicators of fraud, As part of Ihis discussion, we identified potential for Iraud in th8
following areas.. liming of r8eognilion of income. and posting of unusual journals,. and
obtainlng an understanding of the legal and regulatory fr8mèworks that the company operates in, focu8ing
on thosè laws and regulalions that had a direct effect on the financial slalemenls or that had a fundamental
effect on the operalions of the entity. The key laws and règulations we considered IN this context induded
Companies Act. Charllles Act, wnploymenl law. health and safoty, pgn8ions legislation and tax18gislaliDn.
The procedurès lo respond lo risks identified in¢ludod..
reviewing the financial statement disclosures and testing to #upporting documentation lo a$88$8 compliance
with relevant laws and regulations dlscussed 8bove',
enquiring of management, concerning actual and potential litigation and clalms..
perfomiing analytical procèdures to identify any unusual or unoxpecled relatlonships that may Indicate risks
of matèrial misslalement due to Iraud.,
testing the liming and matching of incoma and expense Iransaotions either Side of the year end.. and
in addressing Ihe rlsk of fraud through management override of controls. testlng thg apprtsprialeness of
journal entries and other adjustments,. 888esslng whether the judgements made in making accounting estimates
are indicative of a potèntial blas,. and evaluating the rationale of any significant transactsons that are unusual or
outside tha normal course of bu8lness.
We also communicated relevant identified laws and regulations and potenilal fraud risks to all engagement
team members, and r&mained alert to any indications of fraud non-compliance wth laws and regulations
throughout the audit.
A further description of our respon8ibilities for the audit ol tha financial statements is located oll the Financial
Reporting Council's website al w4hw.fr¢.org.uklaudilorsresponsibilities. Thls description forms part of our Rèport
of the Indop¢ndonl Auditors.
P8gè 20

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WILMSLOW PREPAIiATORY SCHOOL TRVST
LIMITED
Use of our report
Thls report Is made solely lo th8 oharitabl8 company's memters, 88 a body, in a¢¢ordancg wllh Chaptsr 3 Df
Parl 16 of the Companla8 Ael 2006. Our audll work has beèn underiaken 80 that we might state to the charitable
company'$ members Ihose matters ￿ are requlred lo slats to them In an auditors, repoil and for no other
purpose. To the fulle8t extent pemiltled by law, we do not acc•pl or a98ume responsiblllly to anyone other than
the charitablè company and the charilabla company's mfrmbers as a body, lor our aud51 work, for th18 report, or
for the opinions we hove formed.
Graham Travis FCA {Senlor Statutory Audllorl
for and on behalf of Clarke Nlcklin LLP
Charler8d A¢Gountants and
stalLrtory Auditors
Clarke Nittklin Hou80
Brooks Drive
Cheadlo Royal Busine88 Park
Cheadle
Cheshlre
SK8 3TD
2710312025
Pag821

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
2024
Total
fund8
2023
Total
funds
Unre8trlcled Endowment
funds
fund
Notes
INCOME AND ENDOWMENTS FROM
Donallons and legaoies
74,380
74.380
65.353
Charitable actlvltles
Fee8 and collection charges
1,216,644
1,218,644
1,154,430
Invèslménl In¢omo
6.803
Total
1297 827
1.297 827
1222 363
EXPENDITURE ON
Charltabla aetlvltlas
Teaching and welfare costs
Running c081s & maintenance
Govoinance
702,034
430,947
9.200
702,034
430,947
731,439
349,808
Total
1 142181
1.142,181
1,090,007
Net gainslllossès} on Invastmènts
2,534
1,3371
NET INCOME
158,180
158,180
131,019
RECONCILIATION OF FUNDS
Total funds brought foward
1,318.074
752
1.318,826
1,187.807
TOTAL FUNDS CARRIED FORWARD
1476,254
752
1,477,006
1,318,826
The notes form part of these financlal statements
Pgge 22

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
BALANCE SHEET
31 AUGUST 2024
2024
Total
funds
2023
Total
funds
Unrestricted Endowment
fund$
fund
Notes
FIXED ASSETS
Tangible assets
Investments
1,151,163
28.200
1,151,163
28,952
1,145,164
12
752
1,179,363
752
1,180,115
1.171,57S
CURRENT ASSETS
Stock
Debtors
Investments
Cash al bank
13
14
t5
8,878
184,620
637,408
14.218
8,878
184,620
637,408
14,216
7,959
157.152
289,645
14,007
845,122
845,122
468,763
CREDITORS
Amounts falllng due wthin one year
1490,8481
1490,8481
1257.3971
NET CURRENT ASSETS
354 274
354 274
211.366
TOTAL ASSETS LESS CURRENT
LIABILITIES
1.533,637
752
1,534,389
1,382.945
CREDITORS
Amounts falling due 8fter more than one year 17
157,3831
157,383)
164,1191
NET ASSETS
1,476,254
752
1477,006
1,318.826
The notes form part ol these financial statements
Page 23
ntinued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
BALANCE SHEET - continued
31 AUGUST 2024
2024
2023
Unrestricted fund#
Endosyment fLEnds
1.476.254
752
1,318,074
752
TOTAL FUNDS
1.477,006
1,318,826
TDq financi
st leme
ts were approvèd by the Board of Trustees and 8ulhori8ed for issue on
and were signed on ils behalf by..
Mr A Gosnay . Trusteè
D Stephenson- Trustee
The notes form part ofthe9e financial statements
Page 24

WILMSLOW PREPARATORY SCHOOL TRUST
UMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notès
Cash flows from operating activities
Cash generalad from operations
Interest paid
404,733
187,385
Nèl eash provided by operating aetivllies
1e6443
Cash flows from investirtg actlvltles
Purchase of tangible fixed assèts
Purchase of CLSrY¢nt assel investments
146,305}
347,7631
129,359)
141.082)
Nel cash used in invesiing activ¢L188
394.068
170,4211
Cash flows from flnancing activitles
Loan repayments in year
9,760
9,7C171
Net cash used in financing 8Ctivities
9,760
Changè In cash and cash equivalents
In the reportÈng pèrlod
Cash and cash equlvalents at the
beginning of the reporting pèylod
209
6,315
14,007
7,692
Cash and cash equivalgnts at the end
of the rèporfng pariod
14.216
14,007
The notes fom) part of these financial 8tatements
Pag8 25

WILMSLOW PREPARATORY SCHOOL TRUST
Lll&qlTED
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net income for tho raporting period las per th8 Statament of
FirEancial Activitlesl
Adjustments for..
Depreciation charges
{Gainlllosses on investments
Interest paid
Increase in stocks
Increase in débtors
Increase in creditors
158,180
131,019
40,306
{2,5341
696
{9191
(27,4681
236,472
27,121
1.337
11,0291
(15,4601
43,455
Net cash provided ljy op•rations
404,733
187 385
ANALYSIS OF CHANGES IN NET FUNDS
Al 1.9.23
Cash flow
Al 31.8.24
Net cash
Cash al bank
14,007
209
14,216
209
Llquid resourcès
Deposi18 included in cash
Current 3ssÈl investments
289,845
347 763
37 408
289.845
347,763
e37,408
Dèbt
Debts falling due within 1 year
Debts falllng due after 1 ygar
19,9521
22,2421
{2511
110.2031
32,1941
9.760
22.434
Total
271,458
357,732
629,190
The notes form part of these financi81 slalemenls
Page 26

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 AUGUST 2024
INFORMATION
VMlrn8low Prepa¥atory School Trust Limited C'the Company") 18 8 ch8ritsble company limited by
guar8ntee, incorporated in the United Kinudom. The address of ils reglslered office and prineip81 place of
business is 7 Grove Avenue, Wilmslow, Cheshire. SK9 SEG.
ACCOUNTING POLICIES
Basis of preparing thg financlal statements
The financial stalemenls of the charitable company, which is a public banefil enlily under FRS 102, have
been prepared in accordanca with ttie Charities SORP IFRS 1021 'Accounling and Reporting by
Charities.. Slalemenl of Recommended Practice applicable to Gharlties preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102) lèffeclive 1January 20191., FSnancial Reporting SlandArd 102 'The Financial Reporting Standard
applicable in the UK 2nd R&public of Ireland. and the CompÈnies Act 2006. The financial statements havè
been prepared under the historical cost convention. with the exception of Invèstments which are included
al maikel value, as modified by the revaluatK)n of certain assets.
There are no matgrial uncertainties about the Charity's ability lo continue as a 9olng COn￿rn.
The financial statements arè prasanled in Sterling {£).
Income
All income is reoognised in the Stslemenl tsf Financial Aolivlllés once the charity has enlillemenl to the
funds, it is probablè that the income will be recelved and the amount can b8 measured reliably.
Fèè Income iepresenl8 the involcéd 8mount of luillon se￿1¢$$ and meals provided dtjring the year
together with miscellalloous catering re￿ip1S and eollèction charges. Fees received fr)r education lo be
provided in future yéars are carried forward as deferred incorne.
Donations receivable for the gèneral purposes of the Charity are credited lo unrèstricted funds. Donations
for purposes re81Ticled by the donor are takèn to restricted funds. Amounts required to be retainèd as
capital are accounted for as endowments.
Expendlture
LiabilitlQs are recognised as expendituw as soon as there is a legal or conslruclive obligalon committing
the charity to that expenditure, It is probable that a transfer of economic beneflls will b8 required in
settlement and thè amount of the obligation can be measured reliably, Expenditure is accounted for on An
accruals ba$ls and has been classified under headings that aggregatè 811 eosl related to the ¢al¢gory.
lthere costs cannot be directly attributèd to particular heading3 they have been allocated to activities on
8 basis consislenl wth the use (rf resources. The irre¢overable element of VAT 18 included with the item
of expense lo which it relates.
Charitab5e expenditure camprisés those costs incurred by the charity in the delivery of its activities and
seNces for ils beneficlarles. It indudes both costs that can be allocated directly to such activitie8 8nd
those costs of an indirect nature neoéssary to support thern.
Costs ol genèrating funds are fundrai8ing co8ts incurred in seeking voluntary conlribulion8.
Governance costs indude those costs assoriated wllh meeting the Constitutional and statutory
requirements of the charity and include thè fè&s and costs linked to the strategic management of th¢
charity.
Page 27
c(￿tInued.

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES- continued
Tangible fixed ass8t8
Depreciation is provided on all tangible fixèd ass81s bought by the sohool, other than freehold land, al
rates calculated lo write off the east, less eslimaled residual valuè of each asset over ils expected useful
life, as follows:_
Freehold Buildings
1.5% straight Ilne
Plant, Flxlures and Fitting8
20% straight line
Tangiblè fixed assets presented to the school as gifts 8re capilalised al cost lo the donor and a
corresponding amount is provid8d ol depreeiatlon. Items costing less than £50(l are wrillen ¢Jff as an
Éxpellse as acquiréd.
Stocks
Thè value of stock, which is not matérlal lo the financial position of th8 company. is e8tsmaled.
Taxatlon
The charity is ex6mpl from corporation lax on its charllable activitie$.
Fund accounting
Unrestricted fund8 are avai18bl8 for use at the discrelh)n of tho Iruslees in f(trtherall￿ of general
objectiv08 of the charity.
Designatèd funds are unr8stricled funds èa¥marked by the Iruslees for particular purposes. The airn and
use of each designated fund is sel out in the notes in the finan￿al st8t8menls.
Reslyieted funds are subject lo restritttions on their expénditure imposed by the donor or through the
terms of an appeal.
Further explanation of the nature and purpose of Èach fund is Included in th8 not88 to the finan¢ial
statements.
DONATIONS AND LEGACIES
2024
2023
Donations and Sundry receipts
74,380
INVESTMENT INCOME
2L124
2023
Investment incomo
2.580
Page 28
continued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES ro THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
School fees
add School fees recewed in advancé
lÉss School fees carried forward
less Bursaries and 8llow8nces
1,761,791
148,314
1354,656}
338,805)
1,530.235
90.506
1148,3141
317 9971
1.216,644
1,154,430
CHARITABLE ACTIVITIES COSTS
Support
Costs (see
note 71
Teaching and wèlfare costs
Running costs & maintenance
Governance
702,034
430,947
1142.181
2024
2023
Teaching and welfar6 ¢o$ts
Staff costs
DepT8cialion
Other operating charge$
603,445
4.246
631,295
5.401
94,743
702.034
731.439
Runnlng Gosts and maintgnancè
Staff costs
Depreciation
other oper8tlng charges
161,437
36,060
238,450
101,052
21,720
227,036
349,808
Governancg costs
AudiloT8' remuneration
9,200
8,760
8.76Q
Page 29
contlnued..,

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued
FOR THE YEAR ENDED 31 AUGUST 2024
SUPPORT COSTS
Governance
costs
Management
Financé
Totals
Teaching and welfaro costs
Running costs & maintenance
Govemance
702,034
429.243
702,034
430,947
1,704
9,200
1,131,277
1,142 181
Support costs, included in thè above. are as follows..
2024
2023
T&8ching
and
welfare
costs
Running
costs &
maintenance Govemance
Total
acliwlias
Total
activities
Wages
Rates and water
Light and heat
Telephone costs
Postage and stationèry
Sundries
Provisions
School books and
materials
Repairs and renewals
Inspection costs
Depreciation of tangible
and heritage asse18
Bank charges
Interest p8yable and
8imilar charges
Auditors, remuneration
603,445
161,437
29,789
32,85S
10.883
49,318
68.445
764,882
29,789
32,859
10,883
49,316
68.445
65,455
732,347
23,1S6
29.442
8,448
65,350
65.612
72,103
65,455
28,888
28,888
38.454
2,000
22,640
30.078
3,070
38,454
2,000
4,246
36,06
1,008
4Q,308
1,008
27,121
940
696
696
942
9,200
702.034
430 947
1,142,181
1090,007
Page 30
continugd...

WILMSLOW PREPARATORY SCHOOL TRUST
LIPIITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
NET INCOMEIIEXPENDITURE}
Nel incomellexpendilurel 15 slated aft8r chargingl{credilingl=
2024
2023
Audllors, remuneration
D&preciation- owned 89S6ts
9,200
40,306
8,760
27.121
TRUSTEES. REMUNERATION AND BENEFITS
There were no ITuslees' remuneration or other benefits for the year ended 31 August 2024 nw for the
year ended 31 August 2023.
Truste¢$' axpense6
There were no trustees, expenses pald for the year ended 31 August2024 nor for the year ended
31 Augusl 2023.
IQ. STAFF C08TS
2024
2023
Wages and salari8s
764,882
732,347
764,882
732,347
The average monthly number ol employees durlng thè year was a8 foll¢￿..
2024
2023
Teaohers and assistants Ifull time}
Teachers and assi8tsnls Ipart time)
Self employed
Admini$lration- Office
Administration- Kitchen
Adminislralion- Caretaker
18
38
42
Thè number of employee5 whose employeÈ b8neflts lexduding employer pension c081$) exceeded
£60,000 was,.
2024
2023
£60,001- £70.000
Page 31
continued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
TANGIBLE FIXED ASSETS
Fixluies
and
fiitlngs
Freehold
property
Totals
COST
At 1 Seplembar 2023
Additions
1,586,999
S25,352
2,112.351
46,305
At 31 August 2024
1,586,999
571,657
2,158656
DEPRECIATION
At 1 September 2023
Charge for year
475,128
21.710
492,059
18,596
967,187
40,306
Al 31 August 2024
496,838
510655
1007,493
NET BOOK VALUE
At 31 August 2024
1,090,161
61.002
1.151 163
Al 31 August 2023
1 fl1,871
1 145.164
12. FIXED ASSET INVESTMENTS
Listed
investrnents
MARKET VALUE
At 1 SeptembÉr 2023
Revaluations
26,415
2,537
Al 31 August 2024
28,952
NET BOOK VALUE
At 31 August 2024
28,952
At 31 August 2023
26,415
Ther¢ were no investment 888ets outside thè UK.
Cost or valuation al 31 August 20241s represented by.,
Listed
Inveslmènls
Valuation in 2024
28,952
Page 32
conlinuad...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TOTHE FINANCIAL STATEMENTS- ¢ontlnued
FOR THE YEAR ENDED 31 AUGUST 2024
13.
STOCKS
2024
2023
Finished goods
8.878
7,959
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments and a￿r￿ed income
170,791
148,452
184,620
157,152
15.
CURRENT ASSET INVESTDJlENTS
2024
2023
Short term dèposits
837 408
289,645
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 181
Trade creditors
Social security and other taxes
Other creditors
Accru81$ and deferred incomè
10,203
49.481
38.921
9,724
382,519
9.952
50,687
11,720
7,460
177 578
490,848
257,397
Other CT8ditOl8 Indude unpaid pen#iM contributions of £9,72412023'. £7,480).
Page 33
¢onllnued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued
FOR THEYEAR ENDED 31 AUGUST 2024
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Bank loans (see noté 18)
Deposits held
12.231
45,152
22,242
57.383
64,119
18.
LOANS
An analysis of the maturity of loans is given below..
2024
2023
Amounts falling due within onè yèar on demand..
Bank loans
10,203
9,952
Amounts fxlling between one and yèars..
Bank loans- 1-2 years
Amounts falling due between two and fiva yÈars'.
Bank loans- 2-5 years
1,769
12.038
19.
LEASING AGREEMENTS
Mlnimum lease payments und6r non-cancellable operating le8ses fatl due as follows..
2024
2023
Ihln one year
BebNeen one and live years
1,512
2,592
1,512
4,104
Page 34
continued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued
FOR THE YEAR ENDED 31 AUGUST 2024
20.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.8.24
At 1.9.23
Unrèstricted funds
General fvnd
Designated fixed asset fund
De8i9nated repairs fund
172.910
1,145.164
198,487
140,307)
181,692)
46.308
35,386
289,705
1,151,163
1,318,074
158,180
1,478.254
Endowmenl funds
Prize funds
752
752
TOTAL FUNDS
1,318,826
158180
1,477,006
Net movament In funds, induded in the above are as follows:
Incoming
resourcgs
ResouTces
expended
Gain8 and
losses
Movement
in funds
Unreslrlcted funds
General fund
D8signat8d fixed asset fund
1,297,827
11,101,874)
4Q.307
2,534
198.487
40,3071
1.297,827
1,142,181
158,180
TOTAL FUNDS
1,297 827
1,142,181)
2.534
158,180
Comparatives for movemènt funds
Net
movement
ln funds
Transfers
belween
funds
At
31.8.23
At 1.9.22
UnYo$trlctod funds
General fund
Designated fixèd asset fund
44.129
1 142,926
158,140
27 121)
{29,359}
29,359
172,910
1,145 164
1.187,055
131,019
1,218,074
Endowment fvDd#
Prtze fund5
752
752
TOTAL FUNDS
1.187,807
131 019
1,318826
Pago 35
nlinu6d...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 AUGUST 2024
20.
MOVEMENT IN FUNDS- continued
Comparatlve nel movement In furbds, included in thè above are as follows..
Incoming
resource
R&sources
expendéd
Gains and
losses
Kovement
In lunds
Unrestricted funds
General fund
Designated fixed a88el fund
1,222,363
(1,062,886)
27,1211
11.337)
158,140
27,1211
1,222 363
1 090 0071
131,019
TOTAL FUNDS
131019
A current year 12 months and prior yaar 12 months comblned positson is as follows.,
Net
movement
in fund8
Transfers
betwèen
funds
Al 1.9.22
31.8.24
Unrestrlct8d funds
General fund
Designat8d fixed asset fund
Designated rapairs fund
44,129
1.142,926
356,627
167,428)
1111,051}
75.665
289,705
1,151,163
35.386
1,187,055
289.199
1,476.254
Endowment funds
Prize funds
752
752
TOTAL FUNDS
1,187 807
289.199
1,477,006
A current yéar 12 months and prior year 12 rnonlhs combined nel movement In funds, included In the
above Sre as follows..
Incoming
resouwces
Rèsources
expended
Gains and
losses
Movement
In funds
Unrestrict•d thnd8
General fund
Designated fixed asset fund
2,520,190
12,164,760)
67.4281
1,197
356,627
67 428)
2,520 190
2.232 188>
289,19S
TOTAL FUNDS
2.520.190
2,232,188)
289,199
Pagè 36
continued...

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
21.
RELATED PARTY DISCLOSURES
During the year Calvin Marketing Limited. a finn in which one of the Governors of the School,
Mrs D Stephènson, is 2 dirèctor, provided markéting and publieily services for the Company. Fees
payable to Calvin Marketing Umlled were £20,152 (2023.. É21,1781. Thls Included the basic monlhly
agreement fees plus additional printing, marketing and costs for work in connection with the website and
general advorts.
Page 37

WILMSLOW PREPARATORY SCHOOL TRUST
LIMITED
DETAILED ST ATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
INCOME AND ENDOWMENTS
Donatlons and 10gacles
Donations and sundry receipts
74,380
65.353
Investment Income
Investment income
6,803
2,580
Charitable activitlès
Fees and collection charg85
R&misgions
1,555,449
338,8051
1,472,427
317,997
1 216,644
1,154430
Totsl incoming resource$
1,297,827
1,222,363
EXPENDITURE
Support costs
Management
Wages
Rates and water
Llght and heat
Telephone costs
Postage and slallonery
Sundries
Provigions
School books and materials
Repairs and renewals
Inspection costs
Plant and machinery
764,882
29,789
32,859
10,883
49,316
fj8,445
65,455
28.888
38,454
2.000
40.3C
732,347
23,156
29.442
8,448
65.350
e5.812
72,103
22,640
30,Q76
3,070
1,131,277
1.079,365
Flnanc¢
Bank charges
Bank loan Interest
1,008
696
940
942
1.704
1.882
Govemance costs
Auditors, remuneratlon
9,200
8,760
Total resour￿s expended
1.142,181
1,090 007
Nat incom•
155,648
132,356
This page does not fomi part of thè slatulory flnancial slalemenls
Page 38